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Public Document

No. 8

AN NU AL REPORT

-T a

ax

BANK COMMISSIONER
1915.

P. A . R . T
RELATING TO.

SAVINGS BANKS, INSTITUTIONS FOÎt SAVINGS, .TRUST! /.'pjvIPANIES
AND FOREIGN BANÉTîÎG îVjR V©jfÂj*IÔN S *,\

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


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Federal Reserve Bank of St. Louis

32 DERNE STREET.
1916.


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Federal Reserve Bank of St. Louis

: * ; A^^of e» . by;
Th» SxAyfi .Board

of

P ublication.

tA3Sr

Is) l Sv

•'

®l)c Commonwealth of iflaesadiusctts.
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 19,

of the

1916.

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 30, 1915, and also of trust companies
at the date of each of the five calls during the past year.
The report will, as heretofore, consist of two parts: Part I. re­
lating 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.
G eneral Statement .

4

The aggregate assets of the various companies or individuals
under the supervision of the department, compiled from their last
reports, are as follows: —
Assets.
$1,005,591,641 93
195 savings banks,
.
.
.
.
.
.
30,720,795 00
Massachusetts Hospital Life Insurance Company, .
563,595,110 89
77 trust companies, .
.
.
.
.
.
101,543,317 55
179 co-operative banks,
.
.
.
.
.
431,599 48
47 credit unions,
.
.
.
1,899,614 94
3 savings and loan associations,
1,739,542
26
1 foreign banking corporation, .
.
.
.
1,088,124 00
88 steamship agents, receiving deposits of, .

Increase.
$33,963,113
59,236
90,138,709
10,761,847
152,241
79,200
661,643
167,310

42
92
69
13
25
59
10
00 1

591 institutions and agents under the supervision of
$1,706,609,746 05
this department,
.
.
.
.
.
$135,648,682 10
Total increase (5),


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Federal Reserve Bank of St. Louis

1 Decrease.

IV

REPO RT OF THE

[Pub. Doc.

The 195 savings banks now doing business report assets amount­
ing to over $1,005,000,000 and deposits amounting to over $928,000,000, represented by 2,349,207 accounts, an average of about
$395 to each account. As compared with the same items as reported
in 1905 the figures show an increase in ten years of 519,721 in the
number of depositors’ accounts, an increase of $266,022,342 in
amount due depositors, and an increase of $33 in the average to
each account.
The guaranty fund, amounting to $44,398,015.35, is 4.78 per cent,
of the amount due depositors. During the past year there has been
placed to the credit of depositors over $35,400,000 in dividends.
There are 77 trust companies with total assets amounting to
$442,207,119 in their banking departments only. These figures show
an increase during the past ten years of 33 in number and $217,894,127 in assets. In their savings and trust departments the trust
companies now doing business report assets amounting to $121,387,991.
The increase of the assets held in trust departments during, the last
ten years was $68,858,346, the present assets being more than 350
per cent, in excess of the amount held ten years ago. The increase
in the total assets of all departments amounts to more than $312,000,000 and to 248,200 in the number of depositors.
There are now 179 co-operative banks doing business in this Com­
monwealth with total assets of about $101,500,000, an increase of 49
in number and $62,819,000 in assets over those reported ten years ago.
There are 47 credit unions doing business, with aggregate assets of
$431,599.48, showing an increase during the past year of $152,241.25
in assets, but a decrease of 3 in number.
The combined assets of the savings banks, the trust companies,
and the co-operative banks, together with the Massachusetts Hos­
pital Life Insurance Company and the branch of the Bank of Nova
Scotia, all of which are under the supervision of this department,
amount to $1,703,190,407.63. This is an increase of more than
$135,000,000 since a year ago and an increase of over $675,000,000
in ten years. This vast aggregation belongs to about 2,900,000
depositors and shareholders, whose number has increased nearly
900,000 in ten years.
In addition to these 453 institutions which do a banking business
as ordinarily understood, there are 3 savings and loan associations,
88 steamship agents who receive deposits of money for safekeeping
or transmission abroad, and 47 credit unions whose affairs are

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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

v

supervised and whose books and accounts are examined, making a
total of 591 institutions and agents under the supervision of this
department.
Since 1911 the Legislature has greatly enlarged the scope of this
department by increasing the requirements not only as to super­
vision but by adding thereto auditing and details of control, and by
so doing has apparently given a moral assurance to the depositors
in these institutions that they are conducted according to law
and are safe and sound, and that the Commonwealth would see to
it that they will be properly carried on. The augmented duties so
prescribed have therefore greatly increased the moral respon­
sibility and care of the Bank Commissioner. For this reason and
by reason of the fact that State supervision and control gives credit
to institutions so subject to the oversight of the Commissioner,
it would seem wise not to extend such supervision to other institu­
tions that are not engaged in ordinary banking on customary bank­
ing principles.
The following laws show the trend of the Commonwealth in
placing safeguards around these institutions, and indicate the
extent of the duty to be performed in protecting depositors and
shareholders: —
Sections 40 and 41 of chapter 623 of the Acts of 1912 provide for
an examination and audit of every co-operative bank, a small part
of the expense of which is borne by the bank so audited.
Chapter 629 of the Acts of 1912 permits savings banks, if they so
desire, to be audited by the Bank Commissioner’s department, the
expense of which is borne by the savings bank so audited; this
audit is in addition to the regular examination required by law.
Chapter 409 of the Acts of 1913 gives the same right to trust
companies in regard to an audit by this department as in the case
of savings banks.
Chapter 121 of the Acts of 1912 placed the three savings and loan
associations transacting business in this Commonwealth under the
supervision of the Bank Commissioner.
Chapter 399 of the Acts of 1910, as amended by chapter 472 of the
Acts of 1912 and chapter 177 of the Acts of 1913, empowers the
Bank Commissioner to take possession of an institution which is in
an unsound or unsafe condition, or when it is considered inexpedient
for it to continue business, thereby saving to the depositors the
expense of a receiver or liquidator.


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Federal Reserve Bank of St. Louis

VI

REPORT OF THE

[Pub. Doc.

Chapter 268 of the Acts of 1915 provides that an examination of the
books and affairs of credit unions be made by this department.
The affairs of the steamship agents who receive money for safe
keeping or transmission abroad are examined to determine the
amount of the bond required to ensure the repayment of money
deposited or safe carriage of money entrusted for transmission.
That audits by this department authorized by the laws of 1912
and 1913 are favorably regarded by the banks is indicated by the
fact that 60 savings banks and 37 trust companies have availed
themselves of such privilege.
Over $30,000 in fees for audits by this department and license fees
from steamship agents and registration of public accountants have
been paid over to the Treasurer and Receiver-General during the
year.
T o carry out the duties imposed by law upon the Bank Commis­
sioner necessitates a force of nearly sixty persons, which is more than
twice the number employed to do the lesser duties in 1911, before the
enactments of the Legislature in enlarging the scope of the depart­
ment.
By reason of the training acquired by the employees and the
opportunity which they have for coming under the favorable ob­
servation of managers of banks, it has been possible to secure men
at salaries which are not commensurate with the ability required.
There is, however, a distinct disadvantage to the efficiency of the
department inasmuch as lucrative positions are offered and have
been frequently accepted by men who have become proficient in
their work.
Savings B an ks .
Lincoln Savings Bank.

The Lincoln Savings Bank of Boston was granted a certificate
by the Board of Bank Incorporation on October 13, 1915, but it
had not commenced business up to the date of this report.
Lafayette Savings Bank.

The affairs relating to this bank, which came into the possession
of the Bank Commissioner September 15, 1914, are in litigation.
Counsel representing the Bank Commissioner is making every eff rt
to bring matters to a satisfactory conclusion for the benefit of the
depositors.


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Federal Reserve Bank of St. Louis

BANK COMMISSIONER.

No. 8.]

Vll

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 depositors will still receive a small additional amount
when the liquidation is completed, and it is hoped that this amount
will be paid to them during this year.
T rust C ompanies .

Following is a list of trust companies which have commenced
business during the year 1915: —
Commercial Trust Company.
First W ard Trust Company of B osto n .1
Park Trust Company.
Prudential Trust Company.
Quincy Trust Company.
Randolph Trust Company.
Satucket Trust C om pany.2

A certificate was issued in 1914 by the Board of Bank Incorpora­
tion to the Hanover Trust Company that public convenience and
advantage would be promoted by the establishment of said trust
company, but said company has not commenced business at the
close of this year.
Permission has been granted by the same Board to the following
trust companies to establish branch offices: —
Beverly Trust Company.
Granite Trust Company.
Metropolitan Trust Company.

Fitchburg Trust Company.

On January 17, 1906, this company was placed in voluntary liquid­
ation, and its affairs were finally closed by the liquidating agent on
April 30, 1915. The claims of depositors were paid in full and the
following dividends were paid to stockholders: November 22, 1911,
$20 per share; April 30, 1915, $6.14 per share, making a total of
$26.14 per share returned to stockholders.


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Federal Reserve Bank of St. Louis

1 Name changed to Metropolitan Trust Company.
* Name changed to Bridgewater Trust Company.

REPO RT OF THE

Vlll

[Pub. Doc.

This department, in connection with and in addition to the usual
examination of trust companies, has audited the books and accounts
of 37 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 has taken advantage of chapter
537 of the Acts of 1914, and become a stockholder in a federal
reserve bank.
Applications have been received by the Board of Bank Incorporation
from the stockholders of the Hingham National Bank and the First
National Bank of South Weymouth for certificates to be established
as trust companies. Hearings have been held and the Board voted
that upon receipt of an attested copy of a vote of the stockholders
to liquidate the affairs of the above-named banks the Board will
issue its certificate that public convenience and advantage would be
promoted by the establishment of trust companies in place thereof.
M atured Shares

in

C o- operative B an ks .

By an act of Legislature passed in 1915 co-operative banks were
permitted to allow members whose shares have reached the matured
value of $200 each the option of leaving some of these shares as an
investment in the bank.
Shareholders in 60 co-operative banks have availed themselves of
this privilege, and these shareholders own 8,078 shares, valued at
$1,615,600. These matured shares, upon which no periodical pay­
ment of dues is required, are represented by matured share certifi­
cates, and the return to the shareholders owning them is about
one-half per cent, less than the regular dividend credited to those
shareholders who pay monthly dues on unmatured shares.
E xamination

of the

A ffairs

G eneral

T reasurer
C ommonwealth .

of the

of the

and

R eceiver -

An examination was 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, at the incoming of the new State Treasurer.
For 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 busi-


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

IX

ness August 28. The expense of making these two examinations,
and each time verifying more than $56,000,000 in cash and securities
in the treasury of the Commonwealth, has aggregated nearly $500.
These examinations, but one of which is imposed by law upon this
department, are now considered regular duties.
Savings B ank L ife I nsurance .

The seventh full financial year of Savings Bank Life Insurance
ended October 31, 1915. 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, 1915,
2,539 policies; representing $1,125,673 of insurance. There were also
29 old policies revived, amounting to $11,117 or insurance. The
net gain is 1,435 policies for $774,427 of insurance. There were in
force in all four banks on October 31, 1915, 10,892 policies for
$4,341,205 insurance, with annuities representing annual payments
of $30,083.
These banks are prohibited from employing solicitors or house-tohouse collectors of premiums. The largest single portion of the
expense to the policy holder is thus removed. The savings bank life
insurance plan appeals to the people on the basis of thrift, and
especially to the savings bank depositors. It is recognized that some
inexpensive substitute must be provided for the soliciting agent,
consequently the banks are permitted to establish agencies through­
out the State in mills, shops and factories, and public places, in­
cluding other savings banks and trust companies. The mechanism
whereby these agencies serve as feeders to the insurance banks is
simple: an 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 paymaster, 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 without compensation to the employer, while


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Federal Reserve Bank of St. Louis

X

REPO RT OF THE

[Pub. Doc.

other employers take the collection fee and give it as additional
compensation 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, whereas in the companies the policy holder 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 220 agencies in mills,
shops and factories; there are 28 public agencies, 13 in trust com­
panies, one in a national bank, and 17 other public agencies. The
public agencies in banks and trust companies are: —
Attleboro Trust Company.

Ludlow Savings Bank.

Beverly Savings Bank.

Malden Trust Company.

Beverly Trust Company.

Melrose Savings Bank.

Bridgewater Savings Bank.

Merrimac Savings Bank.

Cambridgeport Savings Bank.

Needham Trust Company.

Cape Ann Savings Bank, Gloucester.

Newburyport Five Cents Savings Bank.

Central National Bank, Lynn.

Newton Trust Company.

Charlestown Trust Company.

North Adams Savings Bank.

Chicopee Savings Bank.

Provident

Chicopee Falls Savings Bank.

Institution

for

Savings,

Amesbury.

Cosmopolitan Trust Company, Boston.

Quincy Trust Company.

County Savings Bank, Chelsea.

Rockland Savings Bank.

East Bridgewater Savings Bank.

Shelburne Falls Savings Bank.

East W eym outh Savings Bank.

South W eym outh Savings Bank.

Everett Trust Company.

Tremont Trust Company, Boston.

Florence Savings Bank.

Union Trust Company, Springfield.

Foxborough Savings Bank.

W altham Trust Company.

Framingham Trust Company.

Ware Savings Bank.

Gardner Savings Bank.

W ashington Savingslnstitution, Lowell.

Great Barrington Savings Bank.

Webster Savings Bank.

Greenfield Savings Bank.

Woronoco Savings Bank, Westfield.

Holyoke Savings Bank.

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


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

xi

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 interest of greater security; in all other respects the in­
surance departments are separate in their operation. The invest­
ments are in the same kind of securities as those of the savings banks.
The system is entirely mutual and dividends are paid to policy
holders every year. For the year November 1, 1914, to October 30,
1915, all four savings banks with insurance departments are paying
to their policy holders extra dividends in addition to the regular
dividends. These extra dividends are 75 per cent, of the regular
dividends in all cases.
The banks issue two forms of policies, monthly premium and
annual premium policies. The monthly premium policies are de­
signed to take the place of the weekly premium policies issued by
the companies and are issued at a net cost approximately 35 per cent,
less than by the companies. Insurance on the monthly premium
basis is principally for amounts less than $500, and is now issued
from age two next birthday to age sixty-five next birthday.
Annual premium policies are issued for amounts of $500 or $1,000,
and with four banks issuing insurance a maximum of $4,000 in­
surance may be obtained.
Annuities, both immediate and deferred, are issued, each bank
being limited to a maximum yearly payment of $200.
Insurance is also written on the group plan, and already several
firms have availed themselves of this opportunity to obtain insurance
for their employees.
School Savings B anks .

The law relative to the collection of savings from school children
has now been in force for four years. On October 30, 1915, there
were 57 savings banks receiving deposits of this nature.
The reports of these banks show that deposits are being received
from 461 schools located in 61 cities or towns, the system being
operated in 3,303 schoolrooms.
The total number of enrolled scholars in the 461 schools on
October 30, 1915, was 140,012, and 68,780 of these were depositors
in the school savings banks. The amount of deposits received from
this source, and other information showing the results being obtained
are given below : —


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Federal Reserve Bank of St. Louis

xii

REPO RT OF THE

[Pub. Doc.

Number of deposits received from the inception of the system to
October 30, 1 9 1 5 , ...........................................................................

1,968,096

Am ount of such d e p o s i t s , ........................................................................... 8670,003 34
Number of deposits received during the year ending October 30,
1 9 1 5 , .................................................................................................................

531,764

Am ount of deposits received during the year ending October 30,
1 9 1 5 , .................................................................................................................... $173,219 78
Number of withdrawals (not including amounts transferred to
savings bank pass books) from the inception of the system to
October 30, 1 9 1 5 , .............................................................................................

76,119

Am ount of such w i t h d r a w a l s , ..................................................................$149,474 01
Number of such withdrawals during the year ending October 30,
1 9 1 5 , ..........................................................................................................

22,272

Am ount of such w i t h d r a w a l s , ........................................................................$44,934 02
Am ount to the credit of depositors in the school savings banks on
October 30, 1915,

' ...........................................................................................$70,755 90

Number of scholars to whom savings bank pass books have been
issued from the inception of the system to October 30, 1915,

.

62,812

Number to whom pass books have been issued during the year
ending October 30, 1 9 1 5 , ...................................................................................

11,972

Am ount of deposits transferred from school savings banks to
savings bank pass books from the inception of the system to
October 30, 1 9 1 5 , ........................................................................................ $447,313 80
Am ount so transferred during year ending October 30, 1915,

. $122,689 00

Dividends credited to school savings accounts during year end­
ing October 30, 1 9 1 5 ,................................................................................................. $863 44

C ertified Public A ccountants.

The seventh examination of applicants for certificates as public
accountants was held on October 13, 14, 15 and 16, 1915, when 88
persons presented themselves for examination. Sixteen of the appli­
cants succeeded in passing the examination, and as their qualifications
as regards education and experience were deemed sufficient, they were
granted certificates, so that on February 16, 1916, there were 134
public accountants holding certificates of registration under the laws
of this Commonwealth. These examinations are conducted by a
Board of Examiners appointed by and acting in conjunction wfith
the Bank Commissioner.
B oard

of

B ank I ncorporation.

This Board, consisting of the Bank Commissioner, Treasurer and
Receiver-General and the Commissioner of Corporations, is con­
stituted by chapter 590, Acts of 1908, to pass upon all applications
for the establishment of domestic banking corporations. During


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Federal Reserve Bank of St. Louis

No. 8.]

BANK COMMISSIONER.

X lll

the year 1915 the Board has held 34 meetings and heard 49 petitions,
27 of which were granted, 19 refused and 3 held in abeyance. These
hearings have been upon 3 applications for new savings banks, 6
applications for new trust companies, 4 applications for new co­
operative banks and 21 applications for new credit unions, besides
additional hearings held for the purpose of determining changes of
name, operating trust departments and establishing branch offices.
The Board also granted two petitions that were heard in 1914 and
held in abeyance at the time of the last report.
C redit U nions .

Of the 50 credit unions whose statements of assets entered into
the general statement of the aggregate assets of Credit Unions in
1914 but 47 are considered in 1915. The reports of the 47 unions
show gross assets of $431,599.48, an increase of $152,241.25 since the
previous report. A total membership of 7,846 is shown, an increase
of 1,697. The total receipts during the year were $726,567.53, an
increase of $155,508.32, and the total loans made were $501,348.75, an increase of $129,995.28. Total disbursements as dividends
to shareholders were $13,382.80, and the total sum paid as interest
on savings accounts was $3,057.62.
The following is a list of the credit unions which have commenced
business since October 31, 1914: —
N am e.

Antica-Eclano Credit Union,
.
.
.
.
Asco Credit Union,
.
.
.
.
.
.
Augustov Credit Union,
.
.
.
.
.
Boston & Maine R.R. Employees Credit Union,
Federal Credit Union,
.
.
.
.
.
Regnillas Credit Union,
.
.
.
.
.
Suffolk Credit Union,
.
.
.
.
.
United Tailors’ Association Credit Union,
Whitson Credit Union,
.
.
.
.
.
Winthrop Credit Union,
.
.
.
.
.
Worcester Central Labor Credit Union,
Zion Credit Union,
.
.
.
.
.
.

Location.

Boston, .
Boston, .
Boston, .
Boston, .
Boston, .
Boston, .
East Boston,
Boston, .
Boston, .
Winthrop,
Worcester,
Worcester,

Began Business.

Sept.
May
May
March
July
Nov.
Jan.
July
March
Sept.
Aug.
Jan.

18,
1,
25,
6,
1,
11,
6,
26,
10,
28,
10,
4,

1915
1915
1915
1915
1915
1914
1915
1915
1915
1915
1915
1915

Charters have been granted to the following credit unions, which
had not commenced business on October 30, 1915: —
Neponset Credit U n i o n , ........................................................................... East Walpole.
Skandia Credit U n i o n , ........................................................................... Worcester.
C ity of Boston Employees’ Credit U n i o n , ......................................Boston.


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Federal Reserve Bank of St. Louis

XIV

REPORT OF THE

[Pub. Doc.

Since the previous report the Eighth Ward, the Federal, the
Italian Workingmen’s and the Shoe Clerks credit unions of Boston
and the St. Joseph Credit Union of West Fitchburg have dissolved
and distributed their assets, and the Italo-American Credit Union
of Boston has ceased to do business and is making a distribution of
its assets. During the year the Bank Commissioner has taken pos­
session of the property and business of the Immaculate Conception
Credit Union of Fitchburg and a dividend of 100 per cent, will be
paid to the shareholders. He has also taken possession of the busi­
ness and property of the St. Francis Credit Union of Fitchburg, to
whose shareholders there will, in all probability, be paid a dividend
of 100 per cent, at the expiration of the time allowed for proof of
claims. He has also taken possession of the property and business
of the Peabody Plebrew Credit Union of Peabody and the Salem
Investment and Credit Union of Salem, and it now seems probable
that but a very small dividend, if any, will be paid to the share­
holders. The affairs of the Lynn United Hebrew Credit Union and
the People’s Credit Union of Lynn, remain in the same condition
as at the time of the previous report, with but little hope that
further collection of the assets can be made.
Of the 50 credit unions whose statements figured in the general
statement of the report of 1914, 15 have ceased to do business;
6 of these are in the process of liquidation by the Bank Com­
missioner and 9 have either completed or are in process of voluntary
liquidation.
Credit Unions to the number of 12, commencing business since
the last annual report, make the number 47 which are now doing
business and whose statements enter into the figures given in this
report.
The Legislature adopted an act in the year 1909 authorizing the
organization of credit unions, which were defined therein as “ co­
operative associations formed for the purpose of promoting thrift
among their members.”
These co-operative credit associations of the modern type took
definite form in Germany in the year 1848, and the idea spread
throughout other countries. The system has taken different forms
in the different countries in order to adapt itself to the peculiar
traditions, characteristics and needs of each. The five years’ ex­
perience of these organizations in this Commonwealth made it evi-


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Federal Reserve Bank of St. Louis

xv

BANK COMMISSIONER.

No. 8.]

dent that some beneficial amendments could be made in the statute,
but during the year, the entire statute was repealed and a new one
enacted. Under the present statute, as under the former statute,
which had but five years’ trial, it was made the duty of the Bank
Commissioner to oversee the credit unions and examine their books
and affairs, and that fact is used as a reason why they are to be
commended to many people.
Credit unions may be formed, as stated in section 2 of chapter 268
of the Acts of 1915, for the purpose of accumulating and investing
the savings of its members and making loans to members for provi­
dent purposes. Ordinarily, good banking requires loans to be made
upon reasonably good security or to borrowers with financial re­
sponsibility. It seems to be the custom and purpose of credit
unions to lend the money contributed by their shareholders to bor­
rowers without financial standing and on the presumption that the
borrowers will continue to hold their positions by which they receive
their wages or salaries or continue in the conduct of a’ remunerative
business. T o operate successfully it would seem necessary that the
membership in a credit union should be restricted to intimates and
associates in close touch with one another, and where there is a
moral obligation to their fellow members. As their scope and pur­
pose are widely different from financial institutions such as savings
banks and trust companies, I have recommended that they be
placed under the supervision of the Supervisor of Loan Agencies.
Aggregate Statement of Condition October SO, 1915 of J+7 Credit Unions, as com­
pared with a Similar Statement on October 31, 1914, — 50 Credit Unions.
Oct. 31,
1914.

A sset s .

Loans,

.

.

.

.

Cash,

.

.

.

.

Expense account,
Sundries,
Investments,

.


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

Oct. 30,
1915.

$224,360 34 $362,430 36

Shares,

.

.

44,336 60

49,103 42

Deposits,

9,926 92

13,572 82

Guaranty fund,

734 37

1,460 02

Earnings,

-

5,032 86

Entrance fees,
Fines,

Sundries,

.

.

.

.

.

.

Oct. 30,
1915.

$177,657 31 $252,218 00
78,891 66

Profit and loss,

$279,358 23 $431,599 48

Oct. 31,
1914.

L i a b il it ie s .

143,592 41

6,147 36

7,768 33

11,862 79

17,974 36

866 95

1,365 60

485 75

468 02

1,910 75

1,866 55

1,535 66

6,346 21

$279,358 23 $431,599 48

[Pub. Doc.

REPORT OF THE

XVI

Receipts and Disbursements during the Year ending October 30, 1915,
•

—

/+7 Credit

Unions.
D is b u r s e m e n t s .

R e c e ip t s .

Shares,

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

Deposits, .

.

.

.

.

.

Repaid loans.........................................

$154,663 55

.

.

.

.

.

.

148,429 07

Deposits,

.

.

.

.

.

.

81,761 71

Loans,

.

.

.

.

.

.

501,348 75

Expenses, .

.

.

.

1,557 00
27,943 45

F i n e s , .............................................

953 50

Sundries.................................................
Cash on hand Oct. 31, 1914,

$59,373 24

340,816 95

Entrance f e e s , ....................................
Interest,

S h a r e s , ..............................................

9,180 47
43,023 54

.

Interest on deposits,
Dividend on shares, .
Sundries,

.

.

.

.

.

.

.

.

11,994 13

.

.

.

3,057 62

.

13,382 80
6,545 86

.

Cash on hand Oct. 30, 1915,

49,103 42
$726,567 53

$726,567 53

Number of shares in force Oct. 30, 1915,.................................................................................................... 47,131
Number of members,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
7,846
Number of b o r r o w e r s , ............................................................................................................................... 2,887

Persons, Partnerships , A ssociations
to the
in

P rovisions

A mendment

of

or

C orporations S ubject

C hapter 428, A cts

thereof and in

A ddition

of

1905,

and

A cts

thereto .

No changes have been made since the date of 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 Com­
monwealth the sum of S3,325. On October 30, 1915, 88 of these
persons, etc., were subject to the supervision of this department,
the same number as on October 31, 1914; of this number, 41 re­
ceived deposits of money for safekeeping, the total deposits on
October 30, 1915, amounting to $1,088,124, a decrease during the
year of $167,310; the number of depositors being 11,299, a decrease
of 3,116. The total amount of money sent for deposit in the Italian
Postal Savings Bank during the year was $593,571, an increase of
$45,885. The total amount of money received for transmission
abroad during the same period was $5,486,893, a decrease of $1,748,095. Your attention is again called to the danger existing of loss
to the depositors because of the lack of statutes governing the
investments of the money which these bankers receive for safe­
keeping.
While the investments by savings banks, co-operative


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

No. 8.]

BANK COMMISSIONER.

X V II

banks and trust companies are prescribed by law, there are no
restrictions as to the manner in which the money received on deposit
by these bankers shall be invested, the only protection to the de­
positors being in the bond which the banker executes, — a protec­
tion which is greatly weakened because of the delay incident to the
prosecution of a suit under the bond and the cost of the same.
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 i n g C ountry.

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

Oct. 30, 1915.

Oct. 31,1914.

Oct. 31,1913.

Oct. 31,1912.

$3,286,673
678,771
664,157
19,069
157,308
54,026
76,144
503,558
3,388
31,820
5,075
6,904

$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
_
172,431!
46,294 1
38,133
21,284
16,924
18,770
43,138
142,719

$5,486,893

$7,234,988

$9,211,389

$7,110,860

Oct. 31,1911.

$6,336,727

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 year: —
1. That money which has been on deposit for more than one
month in a savings bank may participate in the earnings of such
bank.
2. That savings and loan associations shall be audited to the
same extent as co-operative banks, and shall defray the expense of
the examination and audit.
3. Credit unions are at present under the supervision of the Bank
Commissioner. They are largely engaged in the business of making
loans of $300 or less. The making of such loans by others places
them under the supervision of the Supervisor of Loan Agencies.
Further, credit unions are intended for the purpose of making loans
to members for provident purposes, so that their scope and purpose


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

XV111

REPORT — BANK COMMISSIONER.

[Pub. Doc. No. 8.

are widely different from financial institutions such as savings banks,
co-operative banks and trust companies. I therefore recommend that
the supervision of credit unions be placed under the Supervisor of
Loan Agencies.
4. For the foregoing reasons, I recommend that chapter 268 of
the Acts of 1915 be amended so that a credit union may not use
the word “ bank” in its corporate name.
5. Among the purposes for which credit unions are organized is
the payment of dividends to shareholders; as the Commonwealth
is put to the expense of supervision and the examination of the
books and accounts, I would recommend that section 8 of chapter
268 of the Acts of 1915, which exempts such credit unions from the
payment of taxes, be repealed.


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

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

I

STATEMENTS
RELATING TO

Savings Banks

Trust Compani es .

and

I NDEX.
S tatem ent
N um ber

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

1. Aggregate statement

.

.

.

.

2. Comparative condition of all banks

.

3. Comparative condition of Boston banks

.

4. Condensed statistics of transactions
5. Income account

.

•

.

.

.

.

.

.
.

.

.

.

xx

.

.

.

p ag e

.

.

.

.

.

.

.

xxiii
.

xxiv

.

xxv

.

.

.

.

.

.

.

.

.

.

xxvi

6. Dividends

.

.

.

.

.

.

.

.

.

.

.

.

xxvii

7. Expenses

.

.

.

.

.

.

.

.

.

.

.

.

xxviii

8. S u r p l u s ...................................................................................................................xxix
.

.

.

.

.

.

.

xxx

10. Investments producing no income .
.
11. Changes in real estate and personal loans

9. Real estate by foreclosure

.

.

.

.

.

.

.
.

.
.

xxx
xxxi

.

.

xxxii

.

.

xlix

.

.

.

.

12. Statistics covering from 1834 to 1915 inclusive .

.

.

.

25. List of legal investments

.

.

.

.

.

.

.

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

13. Statistics covering from 1879 to 1915 inclusive, all companies

.

14. Statistics covering from 1879 to 1915 inclusive, Boston companies

.

. xxxiv

.

. xxxvi

15. Statistics covering from 1879 to 1915 inclusive, companies outside of Boston

xxxviii

16. Aggregate statement, banking departments, all companies .

.

.

xl

17. Aggregate statement, banking departments, Boston companies .

.

. xli

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

.

20. Aggregate statement, savings departments, Boston companies

.
.

.

23. Reserves

.

.

.

24. Earnings and dividends .


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

.

.
.

.

.

.

xlii
xliii

. xliv

21. Aggregate statement, savings departments, companies outside of Boston
22. Aggregate statement, trust departments, all companies

.

.

.

.

.

xlv
xlvi

.

.

.

.

.

.

.

xlvii

.

.

.

.

.

.

.

xlviii

REPO RT OF THE

XX

[Pub. Doc

S T A T E M E N T N o . 1.
A

ggregate

State m e n t, O

ctober

30, 1915, 195 S a y i n g s B a n k s .

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 .
121,391 loans on real estate (average of each, $4,049.20)
Less amount due on uncompleted loans
.

$102,306,108
165,127,323
30,075,487
8,032,127
12,472,612
11,466,069
1,508,815
.

. $493,761,456 24
2,225,230 16

14
33
83
68
32
27
88

491,536,226 08
10,378 loans on personal security
.
.
.
.
145,977,955 66
Bank building and fixtures (estimated value, $10,432,673.97; assessed value, $10,385,245 )
7,901,698 20
Furniture and fixtures
.
.
.
.
.
.
86,598 19
Real estate by foreclosure, etc. (assessed value, $3,042,406 )
2,387,001 35
Taxes, insurance, etc., paid on mortgaged properties
62,631 39
.
.
.
.
.
.
.
76,856 93
Premium account
Suspense account
.
.
.
.
.
.
.
15,617 50
Other assets
.
.
.
.
.
.
.
.
2,271 37
Deposits in national banks or trust companies
24,730,697 33
Cash and cash items .
.
.
.
.
.
.
1,825,543 48

Total Assets .

$1 ,005,591,641 93

Liabilities.
Due depositors on 2,349,207 accounts, averaging $395.38 each
.
.
.
.
$928,830,655 33
(Accounts opened during year, 288,833; closed, 248,502; increase, 40,331)
Surplus: —
a. Guaranty fund 4-78% of deposits; increase during year, $1,465,805.53)
.
.
44,398,015 35
b. Profit and loss (increase during year {$2,947,865.17)
.
.
.
.
.
23,969,412 47
Current income: —
a. Interest .
.
.
.
.
.
.
$8,125,663 01
b. R e n t ...............................................................
64,117 72
------------------------$8,189,780 73
Less current expenses'not charged off
.
.
$477,444 98
Less State or local taxes not charged off .
.
50,212 20
------------------------527,657 18
------------------------7,662,123 55
Other liabilities .
.
.
.
.
.
.
.
.
.
.
.
.
731,435 23

Total Liabilities .

.

.

.

$1,005,591,641 93

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$1,773,862.39 $1,757,016.28 $322,946.09 $58,218.63 $441,241.51 $4,353,284.90
Cost per $1,000 of assets
1.76
1.75
.32
.06
.44
4 .3 3
Cost per $1,000 of assets not including State tax and rent .
..........................................
2 .25
Gross income received during the year, $45,658,006.18.
Number of loans not over $3,000 each, 89,272, amounting to $131,498,203.66.
13,357 real estate loans made during year, amounting to $52,012,610.59.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year, average rate, 4.0 8 %
Extra dividends declared during year .
.
.
.
.
Number of deposits during year, 2,592,204, amounting to
.

Number of withdrawals during year, 2,135,242, amounting to
Net increase in amount due depositors


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

.

.
.

.
.

.

.

.
.
.

.

.

.

$35,193,264 46
215,251 10
152,256,407 66

.

.

$187,664,923 22
158,113,864 05

.
.

$29,551,059 17

BANK COMMISSIONER

No. 8,

T otal L oans

and

XXI

I nvestments op Savings B anks on O ctober 30,
E ach S pecified R ate of I nterest .

1915,

at

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

0.................................................
1.................................................
1.334
....................................
2 . 0 0 ....................................
2 . 5 0 ....................................
2.60
2 . 7 5 ....................................
2 . 9 8 ....................................
3 . 0 0 ....................................
3 . 1 0 ....................................
3 . 1 1 ....................................
3.125
....................................
3 . 1 5 ....................................
3 . 2 0 ....................................
3 . 2 4 ....................................
3 . 2 5 ....................................
3 . 3 0 ....................................
3 . 3 5 ....................................
3 . 3 7 ....................................
3.375
....................................
3 . 3 8 ....................................
3 . 4 0 ....................................
3 . 4 4 ....................................
3 . 4 5 ....................................
3 . 5 0 ....................................
3.5625 ....................................
3 . 6 0 ....................................
3.625
....................................
3 . 6 5 ....................................
3 . 6 7 ....................................
3 . 7 0 ....................................
3 . 7 5 ....................................
3 . 8 0 ....................................
3 . 8 5 ....................................
3.875
....................................
3 . 9 0 ....................................
3 . 9 4 ....................................
3 . 9 5 ....................................
4 . 0 0 ....................................
4.125
....................................
4 . 2 5 ....................................
4 . 3 0 ....................................
4 . 3 5 ....................................
....................................
4.375
4 . 4 0 ....................................
4 . 5 0 ....................................
4.625
....................................
4 . 7 5 ....................................
4.875
....................................
5 . 0 0 ....................................
5 . 1 2 5 ....................................
5 . 2 5 ....................................
5.333
....................................
5.375
....................................
5 . 5 0 ....................................
5.625
....................................
5 . 7 5 ....................................
6 . 0 0 ....................................
6.25
.
6 . 5 0 ....................................
6 . 7 5 ....................................
7 . 0 0 ....................................
7 . 5 0 ....................................
7 . 7 5 ....................................
8 . 0 0 ....................................
9 . 0 0 ....................................
1 0 . 0 0 ....................................


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

Loans on Real
Estate.

Loans on Per­
sonal Security.

$129,656 59
6,500 00

$162,737 30
50,000 00
50,000 00
347,000 00
-

'

-

2,458,000 00
-

422,700 00
-

1,541,000 00
31,315,508 96
1,597,500 00
18,447,800 00
-

174,500 00
47,700,517 24
87,000 00
7,317,392 74
98,000 00
327,838,272 25
500 00
759,947 30
10,000 00
31,982,957 22
14,100 00
19,563,373 28
47,740 00
21,860 50
750 00
650 00
-

-

485,000 00
1,388,000 00
3,711,580 78
550,000 00
15,362,135 00
-

805,000 00
61,247,807 95
1,395,000 00
13,661,875 00
400,000 00
28,441,595 59
82,500 00
2,206,425 00
1,500 00
5,170,890 22
5,000 00
603,500 00
8,170,213 82
515,000 00
1,009,495 00
30,000 00
125,700 00
'-

Bonds,
Stocks, etc.

Total Loans and
Investments.

$764,327 44
337,300 00
30,000 00
25,000 00
50,000 00
25,000 00
2,721,200 00
137,200 00
25,000 00
210,000 00
10,000 00
74,800 00
30,525 00
661,000 00
45,000 00
112,000 00
10,000 00
135,000 00
55,000 00
217,840 00
51,600 00
47,880 00
60,826,876 65
13,000 00
250,500 00
48,255 00
116,200 00
80,000 00
50,000 00
501,670 00
88,500 00
204,000 00
44,533 32
77,000 00
1,800 00
13,400 00
168,612,853 86
23,070 00
3,489,637 18
19,500 00
1,900 00
4,500 00
2,500 00
42,066,251 18
244,425 12
31,553,998 20

71,056,721 33
6,500 00
337,300 00
80,000 00
50,000 00
25,000 00
50,000 00
25,000 00
3,068,200 00
137,200 00
25,000 00
210,000 00
10,000 00
74,800 00
30,525 00
3,119,000 00
45,000 00
112,000 00
10,000 00
135,000 00
55,000 00
217,840 00
51,600 00
47,880 00
61,734,578 65
13,000 00
250,500 00
48,255 00
116,200 00
80,000 00
50,000 00
3,430,670 00
88,500 00
204,000 00
44,533 32
77,000 00
1,800 00
13,400 00
203,639,943 60
2,170,570 00
37,299,572 18
19,500 00
1,900 00
984,000 00
2,500 00
151,014,576 37
1,482,000 00
21,223,692 86
498,000 00
387,833,866 04
83,000 00
3,008,072 30
1,500 00
10,000 00
37,854,697 44
5,000 00
617,600 00
39,624,594 60
525,000 00
1,057,235 00
30,000 00
2,284,880 50
750 00
49,600 00
3,711,750 00
314,100 00
1,602,300 00

41,700 00
700,850 00
11,891,007 50
10,000 00
-

2,137,320 00
49,600 00
3,711,100 00
314,100 00
1,602,300 00

[Pub. Doc.

REPO RT OF THE

XXII

T otal L oans

I nvestments op Savings B anks on O ctober 30, 1915,
E ach Specified R ate of I nterest — Concluded.

and

at

Loans on Real
Estate.

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

10.666
1 2 .0
14.00
1 5 .0
1 6 .0
1 8 .0
20.00

....................................
0 ....................................
....................................
0 ....................................
0 ....................................
0 ....................................
....................................

Totals

.

Average rate

.

.
.


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

.

Loans on Per­
sonal Security.

-

_
_
_
_

-

_
-

-

Bonds,
Stocks, etc.

$2,250
775,300
266,300
7,700
323,600
1,200
15,800

00
00
00
00
00
00
00

$491,536,226 08

$145,977,955 66

$335,960,170 45

4.91

4.72

4.316

Total Loans and
Investments.

$2,250
775,300
266,300
7,700
323,600
1,200
15,800

00
00
00
00
00
00
00

$973,474,352 19
4.655

BANK COMMISSIONER,

No. 8,

STATEM ENT
C

o m p a r a t iv e

C

o n d it io n

of

ASSETS.

1915.

L oa n s.

On personal security .

.

.

C ash .

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

P e r c e n t a g e of I n v e st ­
m e n t s to T o t a l A ssets on
O c to b e r 31 —

1304.

1899.

20
31
61
80
81
32

10.17
16.42
2.99
.80
1.24
1.14

0.12
15.99
3.02
.84
1.25
1.19

11.42
19.49
2.03
1.09
.92
1.34

12.76
17.11
.94
1.62
2.14

15.67
12.25

1,508,815 88

1,718,901 91

.15

.18

.33

.05

.03

491,536,226 08
145,977,955 66

467,985,697 19
157,037,225 42

48.88
14.52

48.17
16.16

43.21
16.60

40.93
20.04

41.54
19.72

7,901,698 20
2,387,001 35

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

.79
.24

.78
.22

.91
.41

.97
.59

.79
.49

76,856 93
86,598 19
80,520 26

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

.02

.05

.13

.17

2 06

2 20

2 72

3 2Q

100

100

100

100

$102,306,108
165,127,323
30,075,487
8,032,127
12,472,612
11,466,069

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

14
33
83
68
32
27

24,582,805
147,892
1,502,441
323,101

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

28
05
57
91

74
52
21
28

1

\ .02

J

1

LIA B ILITIE S.
Amount.


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

100

O c t . 31, 1914.

O ct . 30, 1915.

Per
Cent,
of De­
posits.

Increase f o r Y e a r .

Amount.

Per
Cent,
of De­
posits.

_

$928,830,655 33
44,398,015 35
23,969,412 47

4.78
2.58

$899,279,596 16
42,932,209 82
21,021,547 30

4.77
2.34

7,662,123 55
731,435 23

.82
.08

7,544,488 01
850,687 22

.84
.09

$1,005,591,641 93

-

$971,628,528 51

Decrease.

-

1.92
4.13

)

$1,005,591,641 93 $971,628,528 51

Deposits
.
.
.
.
Guaranty fund
Profit and loss
Current income, less expenses
and taxes paid .
Sundry liabilities

an ks.

1909.

M isc e l l a n e o u s .

Premium account
Furniture and fixtures
Sundry assets
.
.

Sa v in g s B

1914.

R eal E sta te .

For banking purposes
B y foreclosure, etc.

ll

1915.
S e c u r it ie s .

Public funds, bonds and notes .
Railroad bonds and notes .
Street railway bonds .
Boston Terminal Co. bonds
Telephone company bonds
Bank stocks
.
.
.
.
Securities acquired in settlement
of indebtedness

N o . 2.
A

October 31,
IS14.

October 30,

XX111

-

Am ount.

Per
Cent.

$29,551,059 17
1,465,805 53
2,947,865 17

3.29
3.41
14.02

117,635 54
1.56
119,251 99* 14.02
$33,963,113 42

3.49

REPO RT OF THE

X X IV

STATEM ENT
C

o m p a r a t iv e

C

o n d it io n

N o . 3.

B

of

[Pub. Doc.

S a v in g s B

osto n

an ks.

of

ASSETS.

O ctober 30,
1915.

O ctober 31,
1914.

Increase
for Y e ar.

Decrease
for Y e a r .

P ercentage
I n v e s t m e n t s to
T otal A ssets.

BOSTON
BANKS.

OTHER
BANKS.

1915 1914 1915 1914
S ecurities .
P ublic fun d s, bond s and
notes
.
.
.
.
R ailroad bonds and notes
Street railway bonds
B o s t o n T erm in al C o.
b ond s .
.
.
.
T e l e p h o n e com p an y
bonds .
.
.
.
B an k stocks
Securities
acquired
in
settlem en t of indebted­
ness
.
.
.
.
L o an s.
O n real estate .
O n personal security

R eal E s t a t e .
For b anking purposes
B y foreclosure, etc.

11.10 10.87

135,355,457 28 $33,197,332 92 $2,158,124 36
46,413,560 76 42,143,320 15 4,270,240 61
6,775,287 85
6,691,409 55
_

5,042,293 00

5,148,077 50

3,408,126 87
1,713,390 03

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

7,538 75
-

426,856 03

148,750 01

278,106 02

145,356,459 71 137,008,170 88
61,204,242 81 64,618,081 70

8,348,288 83

2,580,928 30
871,999 22

2,593,654 60
665,774 39

20,784 37
1,198 00
20,867 78

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

-

$83,878 30
105,784 50

_
71,733 17
_

9.74 9.7 7
14.57 13.80 17.28 17.00
2.10 2.22 3.40 3.3 8
1.58

1.69

.44

.45

1.07
.54

1.11
.58

1.32
1.42

1.32
1.47

.14

.05

.16

.24

45.63 44.87 50.39 49.67
3,413,838 89 19.22 21.16 12.34 13.87

_

12,726 30

.81
.27

.85
.22

.77
.22

.75
.22

400 00 1 .01

.01

.03

.03

[2 .9 6

2.57

2.49

1.83

100

100

100

100

206,224 83

“

M iscellaneous .
P rem iu m account .
Furniture and fixtures
S u n d ry assets .
C ash .
In b an k s, on interest
In banks n ot on interest
C urrency and specie
C heck s an d cash item s .

8,864,330
15,000
435,922
120,423

59
00
98
86

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

17,436 11
1,848 99

51
00
93
21

1,733,987 08
172,427 95
38,887 65

$318,543,251 14 $305,343,357 02 $13,199,894 12

O ct . 30, 1915.

LIA B ILITIE S.
Am ount.

$297,332,769 37
Deposits .
.
.
.
.
14,015,634 99
Guaranty fund
5,403,018 26
Profit and loss
Current income, less expenses
1,670,971 87
and taxes paid
120,856 65
Sundry liabilities .


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

$318,543,251 14

-

I ncrease for Y e a r .

O ct . 31, 1914.

Per
Cent,
of De­
posits.

_

Amount.

Per
Cent,
of De­
posits.

_

4.71
1.82

$285,012,376 97
13,424,801 10
5,073,112 75

4.71
1.78

.56
.04

1,656,369 94
176;696 26

.58
.06

-

$305,343,357 02

* Decrease.

-

Amount.

Per
Cent.

$12,320,392 40
590,833 89
329,905 51

4.3 2
4 .4 0
6.5 0

14,601 93
.88
55,839 61* 31.60
$13,199,894 12

4.3 2

BANK COMMISSIONER

No. 8.]

STATEM ENT

Y early T ransactions

XXV

N o . 4.
of

Savings B an ks .

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 ndin g O ctober 31 —

S T A TIS TIC S

b u s in e s s .

of

1915.
A ccounts.

288,833
248,502
2,349,207
$395 38

Num ber opened during year
Number closed during year
Number open October 31
Average in each account
D eposits a n d W it h d r a w a l s .

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 o ans .

Of $3,000 or less October 31
Average real estate loan October 31
Number of new real estate loans made
Amount of same

.

.

.

.

.

I ncome , D iv id e n d s , etc .

Credited to guaranty fund
R atio s .

Dividends to income
.
.
.
.
Expenses to income
.
.
.
.
State taxes to income
.
.
.
.
Guaranty fund additions to income
Other deductions to income .
Dividends to total assets October 31
Expenses to total assets October 31
State taxes to total assets October 31
Guaranty fund additions to total assets
October 31
....................................


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

1914.

308,879
266,132
2,309,008
$389 46

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

$928,830,655 $899,279,596 $869,919,019 $838,635,098 $802,220,707
$29,551,059 $29,360,577 $31,283,922 $36,414,391 $31,406,254
2,855,944
2,593,601
2,472,912
2,664,661
2,592,204
1,924,435
1,822,515
2,079,502
1,790,039
2,135,242
$55 60
$58 50
$59 70
$57 88
$58 74
$S3 08
$80 08
$78 74
$74 05
$78 77
$152,256,408 $159,070,038 $158,798,042 $151,738,371 $143,144,858
$158,113,864 $163,800,886 $159,878,625 $145,946,854 $140,944,836
89,272
121,391
$4,049 20

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

13,357
$52,012,611

12,654
$51,045,196

12,942
$52,036,924

14,683
$58,402,701

13,816
$52,836,058

$45,658,006
35,408,516
2,579,423
1,773,862
1,465,808

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

$41,990,814
32,361,968
2,427,363
1,755,051
1,750,699

$39,201,252
30,597,211
2,283,688
1,749,475
1,849,152

$37,808,485
29,094,157
2,240,267
1,740,423
1,534,939

Per Cent.
77.55
5.65
3.89
3.21
9.70
3.52
.26
.18

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.
78.05
5.S3
4.46
4.72
6.94
3.39
.25
.19

Per Cent.
76.95
5.93
4.60
4.06
8.46
3.37
.26
.20

.15

.17

.19

.20

.18

REPORT OF THE

XXVI

STATEM ENT
Incom e

of

[Pub. Doc,

N o . 5.

S a v in g s B

an ks.

Statement of Income Account for Year ending October 30, 1915.
Net undivided profits, October 31, 1914 (profit and loss and net interest)
$28,566,035 31
T otal current income during year
$45,658,006 IS
Less amounts paid for: —
$323,612 95
Accrued interest .
Operating deficit of real estate
57,598 76
2,579,422 51
Running expenses
1,773,862 39
State tax
.
.
.
.
4,734,496 61
Net divisible income
.
.
.
Less amount credited to guaranty fund .
Less ordinary dividends declared .
.

.

.
.

.

.
.

.

.
.
$1,465,805 53
35,193,264 46

$40,923,509 57
36,659,069 99
$4,264,439 58
331,353 36
15,836 12

Current surplus
.
.
.
.
.
.
.
Additional receipts on account of bank stock .
Additional gains on account of loans on personal security

$4,611,629 06
Less
Less
Less
Less
Less

extra dividends declared
premiums written off
banking houses written down
losses through loans on real estate
miscellaneous losses

Net undivided profits for year

.

$215,251 10
800,645 50
196,179 36
136,520 81
197,531 58
------------—
.

.

.

.

.

.

1,546,128 35
$3,065,500 71
-------------------------.

Net undivided profits, October 30, 1915 (profit and loss and net interest)


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

.

3,065,500 71

. $31,631,536 02

BANK COMMISSIONER.

No. 8.]

STATEM ENT

X X V ll

N o . 6.

D ividends .

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: —

1
2
1
3
0 ....................................
m
. . .
.
1
1
w
. . .
.
— — 1
— 1
1
2
.
.
.
.
3 ....................................
. . .
1
2
5 13 18 25 14 14
3Vi
. . .
.
2
5 10 12 11 15 11 15
3K
■ ■ ■
■
3ys
. . .
.
161 168 166 157 156 140 160 155
4 ....................................
1
ah
. . .
.
1
2
3
2
1
6
AH
.
.
.
.
3
7
5
2
19 13
8
5
ah
. . .
.
1
ah
. . .
3
3
4
5 ....................................

Total

_

1

2

49
37

3
98
13

92
10

81

98

74

82

1
2
1

2

_

10

1
3
89
8

5
1
90
9

92

85

81

2

1

1899.

1900.

1901.

_

1

1
1

1902.

1903.

1904.

1905.

1906.

O
O
0
0
H

1907.

1909.

<n

1910.

1912.

1913.

1914.

1915.

1
1

N um ber op B a nk s pa yin g at E ach R a t e .

RATE OF DIVI­
DEND
(PER CENT).

2
6
70
20

CO
8
T-4

1
1

1

1

3
3
45
18

4

-

16
15

7
2

3

4

88 114 144 161
1
1
1
1 5
5

195 195 193 194 192 192 189 189 189 189 189 18S 187 186 186 186 186 185

Average dividend . 4.08 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
Average earnings

. 4.92 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

The extra dividends declared during the year were as follows: —
Athol Savings Bank, \ of 1 per cent.....................................................$18,214
Broadway Savings Bank, Lawrence, \ of 1 per cent.

38

.

.

.

21,604 71

Charlestown Five Cents Savings Bank, j of 1 per cent. .

.

.

31,475 36

Foxborough Savings Bank, 1 per cent..............................................

6,230

78

Lynn Five Cents Savings Bank, 1 per cent...................................

60,900

88

Melrose Savings Bank, § of 1 per cent............................................

10,248

02

Natick Five Cents Savings Bank, \ of 1 per cent.......................

18,555

Provident Institution for Savings, Amesbury, | of 1 per cent.

.

65
15,680 93

Webster Five Cents Savings Bank, \ of 1 per cent....................

12,573

16

Winchendon Savings Bank, f of 1 per cent...................................

19,767

23


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

$215,251 10

[Pub. Doc.

REPORT OF THE

XXV111

STATEM ENT

N o. 7.

E xpenses .

The running expenses of the banks for the two years ending
October 31, 1914, and October 30, 1915, were as follows: —
Y e a r endin g O ctober 30, 1915.

CLASSIFIC A TIO N .
Am ount.

Salaries
Rent
.
.
.
Advertising .
Other expenses

.

Total


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

Percent­
age of
Incom e.

Cost
for Each
$1,000 of
Assets.

Y ear e n d in g O ctober 31, 1914.

Amount.

Percent­
age of
Income.

Cost
for Each
$1,000 of
Assets.

28
09
63
51

3.85
.71
.13
.97

$1.75
.32
.06
.44

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

33
86
15
17

3.90
.69
.11
1.01

$1.76
.31
.05
.45

$2,579,422 51

5.66

$2.57

$2,509,321 51

5.71

$2.57

$1,757,016
322,946
58,218
441,241

BANK COMMISSIONER

No. 8.]

STATEM ENT

X X IX

N o. 8.

S urplus .

The aggregate guaranty fund and profit and loss account of the
savings banks on October 31 of the last nine years has been as
follows : —
B

ased

S e c u r it ie s

on

Am ount.

■

i

1907 .
1908 .
1909 .
1910 .
1911 .
1912 .
1913 .
1914 .
1915 .

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.

.
.
.

.
.

B
1907
1908
1909
1910
1911
1912
1913
1914
1915

.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

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
44,398,015

on

Per
Cent, of
De­
posits.

05
14
12
30
12
68
11
82
35

at

4.64
4.73
4.68
4.69
4.69
4.71
4.74
4.77
4.78

ook

V

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
23,969,412

E

30
80
80
21
23
36
63
30
47

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
16,306,431

T otal .

Per
Cent, of
De­
posits.

Amount.

4.64
4.73
4.68
4.69
4.69
4.71
4.74
4.77
4.78

S e c u r it ie s

$32,825,176
33,547,581
34,740,030
36,155,736
37,648,475
39,493,627
41,243,486
42,932,209
44,398,015


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

05
14
12
30
12
68
11
82
35

B

P rofit and Loss
A ccount .

G ua r a nty F u n d .

YEAR.

at

66
55
86
55
58
37
36
05
15

1.57
1.82
1.90
1.89
1.91
1.97
2.08
2.34
2.58

M

arket

1.17
2.46
3.00
2.59
2.63
2.52
1.29
1.70
1.75

Per
Cent, of
De­
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
68,367,427

V

35
94
92
51
35
04
74
12
82

6.21
6.55
6.58
6.58
6.60
6.68
6.82
7.11
7.36

71
69
98
85
70
05
47
87
50

5.81
7.19
7.68
7.28
7.32
7.23
6.03
6.47
6.53

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
60,704,446

REPORT OF THE

XX X

STATEM ENT
R

eal

E

state

N o . 9.

F

by

[Pub. Doc.

oreclosure.

Principal.
Balance as shown in statement of October 31, 1914, 315 estates . $2,129,237 04
Acquired during the year ending October 30, 1915, 287 estates . 2,035,592 21
Excess of proceeds over book values of estates sold during year .
106,064 50
$4,270,893 75
Received for 284 estates sold during year
.
Losses on estates sold during year and amounts
charged off to cover depreciation or prospec­
tive l o s s ..................................................................

$1,798,853 70

228,318 53
-----------------------

2,027,172 23
$2,243,721 52

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

$186,140 42
336,719 12

N et deficit for y e a r ......................................

$150,578 70

This net deficit was disposed of as follows: —
Income credited to profit and loss
$5,963 81
Deficit charged to profit and loss
13,262 68
----------------------Income reducing book value
.
$1,826 19
Deficit increasing book value
.
145,106 02
-------------------

$7,298 87

143,279 83

143,279 83

N et deficit as a b o v e ......................................
$150,578 70
Balance, as showm in statement of October 30, 1915 (318 estates,
assessed at $3,042,406 held by 108 b a n k s ) ......................................$2,387,001 35

Increase during y e a r

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

STATEM ENT
I n vestm en ts

p r o d u c in g

no

$257,764 31

N o . 10.

Income

d u r in g

the

O ctober 30, 1915.

Number
of
Loans.

386
78

Y

ear

.

O ctober 31, 1914.

Am ount
loaned.

Number
of
Loans.

Amount
loaned.

«1,506,324 83
1,047,803 66

312
51

31,168,077 14
446,293 71

L o ans .

On real e s t a t e ...............................................................
On personal s e c u r it y ......................................................

Real estate b y loreclosure, in possession, etc. .
Stocks, bonds, etc., acquired to secure indebtedness .
Bank and trust com pany stocks
.
.
.
.
Deposits in banks not on interest
.
.
.
.

-

Amount
invested.
31,724,290 66
562,203 97
49,991 10
147,892 05

Total loans and investments producing no income

-

$5,038,506 27

I nv e stm e n ts .


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

-

-

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

-

$3,338,468 38

-

No. S.]

BANK COMMISSIONER

STATEM ENT
I n crease
R

eal

or

E

D

ecrease

state an d

L

for

a

P

oans on

e r io d

of

XXXI

N o. 11.
T

h ir t y - t w o

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

R e a l E s ta t e .

Y

of

e a r s , in

L

S a y in g s B

oans

an ks.

P erson al S e c u r it y .

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

1894

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

9,393,000

-

9,881,000

1895

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

9,985,000

10,829,000

1896

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

8,656,000

2,047,000

-

1897

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

10,299,000

1,263,000

-

-

3,432,000

1,144,000

-

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

23,000

1904

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

9,084,000

-

1905

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

10,267,000

8,923,000

-

1906

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

10,984,000

10,467,000

-

1907

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

13,159,000

-

5,999,000

1908

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

12,714,000

-

15,651,000

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

-

1 9 1 5 ...............................................................

23,551,000

-


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

11,059,000

on

STATEM ENT
T

able

e x h ib it in g

N

th e

um ber,

C o n d it io n

and

P rogress

of

N o. 12.
the

S a v in g s

B

anks

M

of

assach u setts

in

E

ach

I

ear

FROM 1834 TO 1915 INCLUSIVE.
[Returns first required b y Acts 1834, Chapter 190.]

YEAR.

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

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
128t

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
8.10 10,680,933
8.62
11,780,813
2.32
11,970,448
12,111,554
2.48
10.04
13,660,024
15,554,089
9.79
18,401,308
12.50
23,370,102
20.60
16.40
25,936,858
8.50
27,296,217
11.62
30,373,447
7.19
33,015,757
33,914,972
2.98
39,424,419
12.46
12.00 45,054,236
44,785,439
2.18t
50,403,674
10.59
56,883,828
9.37
62,557,604
7.13
59,936,482
,04f

12.27
9.38
9.33
1.53
10.96
2.14
10.55
2.81
1.48
15.00
17.06

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
268,7971
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
,60t
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*
737,609
-

-

994,514
1,132,369
1,232,065
-

Deposits
to
Each
Person
of
Popula­
tion.
$5.58
“
7.88
“
—
—
-

13.73
-

24.12
-

35.59
-

-

-

1,267,329

47.29

State
Taxes
paid.

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

Expense
of
Manage­
ment.

Percent­
age of
Expense
to Total
De­
posits.

$10,968
12,066
14,413
17,504
18,329
17,204
17,952
19,248
“
20,777

-

“
33

“
”
“

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

.29

“
“

.26

—
~
~
-

28
“

120,886

135,783
140,713
184,739
203,348

Percent­
age of
Expense
to Total
Assets.

-

.27
27
.29
.33

[Pub. Doc.


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

22

Percent­
age of
In­
crease.

REPO RT OF THE

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

N um ­
ber of
Banks.

Increase
in
Number Number
of
of A c­
Deposit
counts
Ac­
over
counts. Previous
Year.

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
1915


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
195

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
2,349,207
* 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
40,199

8.70
10.02
.90
.71
21

81
30
.71
38
64
59
.06
•86f

.19
.56
.61
.54
.34
.48
.76
.75
.28
.07
.73
.27
.37
.19
.06
.68

.44
.93
.26
.62
.03
.90
.82
.22

.75
.53
.56
.31
.32
.12
.39
.94
.74
.96
.97
.89
.74

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
869,919,019
899.279.596
928,830,655

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
I, 255,971
34,735,9831
3,481,9211
11,669,212
12,396,556
10,866,883
11,296,230
10,112,553
12,278,265
16,199,488
II,
12.236.446
17,538,618
20,869,248
15,933,448
23,493,476
6,975,707
16.782.447
22.491.843
13,950,395
20,698,837
14,723,829
29,559,124
22,201,637
20,302,060
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
29,551,059

13.01
18.75
17.91
18.22
21.07
20.60
12.89
9.41
7.55
9.38
2.31

‘ili

5.65
5.69
4.72
4.68
4.00
4.67
5.89
4.04
750,723
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
3.29

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
395

1,457,352

93.14

1,651,652

144.00

1,783,086

122.29

1,941,465

141.64

2,238,943

157.92

2,500,183

175.69

2,805,346

192.63

3,003,680

220.67

3,366,416

228.97

3,693,310

251.49

311,848
361,889
570,065
771,998
927,254
1,097,332
1,329,709
1,454,719
1,550,500
1,707,088
1.802.127
1,814,623
1,646,155
1,500,851
1,513,138
1,602,238
935,274
1,090,286
789,686
815,930
861,373
898,634
924,555
957,335
1,013,060
1,053,606
1,094,905
1,143,200
1.138.128
1,191,589
1,240,469
1,249,531
1,275,640
1,330,163
1,410,115
1,472,349
1,535,960
1,604,300
1,658,765
1,751,481
1,854,131
1,897,693
1,878,149
1,805,363
1,758,825
1,740,423
1,749,475
1,755,051
1,753,678
1,773,862

219,257
254,225
297,527
339,271
375,734
429,080
469.681
547,518
644.682
661,503
657,858
671,728
606,550
590,820
581,274
617,672
619.829
650,247
658,690
674,561
698,087
747,295
783,158
827,619
850,978
882,787
936.829
1,010,639
1,028,838
1,080,611
1,134,581
1,162,136
1,202,708
1,233,166
1,283,289
1,333,523
1,374,564
1,447,237
1,546,904
1,583,889
1,648,061
1,789,485
1,897,169
1,929,012
2,057,350
2,240,267
2,283,688
2,427,363
2,509,321
2,579,422

.31
.30
.27
.26
.25
.26
.29
.277
.27
.275
.289
.286
.271
.268
.257
.257
.257
.245
.239
.247
.248
.249
.241
.239
.238
.252
.246
.246
.250
.245
.246
.238
.237
238
.234
.238
.245
.239
.237
.253
.267
.260
.266
.279
.272
.279
.279
.277

2
O
00

.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
.256

R E P O R T OF THE

X X X IV

[Pub. Doc.
STATEM ENT

P

r in c ip a l

A

ssets

and

L

ia b il it ie s

op

A

ll

T

ru st

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

Other
Stocks
and
Bonds.

Loans on
Ileal
Estate.

1879

3 $1,867,707

$501,862

$252,400 $1,121,748

$916,771

$33,000

$854,871

1880

4

1,609,581

643,450

195,900

1,401,150

80,000

3,894,905

1,518,247

33,000

2,568,476

1881

5

1,240,207

1,389,149

183,500

1,658,089

1,435,529

4,506,777

3,623,064

33,000

2,100,147

1882

5

1,230,212

1,968,599

153,800

921,851

1,230,216

3,087,998

5,950,107

33,000

2,476,314

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

1891

17

1,142,096

5,221,897

689,608

9,634,482

_*

19,902,256

8,824,712

311,486

7,418,938

1892

19

2,482,410

7,314,499

1,191,640

9,810,396

-*

22,849,001

11,278,171

408,453

8,815,659

Demand
Loans
with Col­
lateral.

Other
Demand
Loans.

Time
Loans
with Col­
lateral.

$113,000 $2,848,031

Other
Time
Loans.

Banking
Houses.

Due from
Reserve
Banks.

1893

22

1,367,127

7,559,600

1,258,765

8,313,778

-*

16,409,984

11,945,062

610,940 12,317,451

1894

24

3,783,933

7,003,020

1,963,041

7,616,894

-*

20,318,177

17,448,722

677,653 17,633,583

1895

31

3,958,873

7,117,138

2,487,419 11,092,451

-*

22,203,891

21,702,154

677,653 14,242,742

1896

31

4,138,245

8,441,558

2,216,171

8,422,439

-*

20,534,342

18,419,411

677,653 10,290,374

1897

33

4,073,208 12,845,577

2,726,017

9,793,712

-*

25,523,218

21,343,240

864,742 17,532,727
879,076 22,728,203

1898

34

2,368,089 18,898,455

3,306,881 11,239,247

-*

29,924,166

22,424,668

1899

36

2,055,694 20,816,377

3,004,398 19,885,100

-*

35,799,876

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

1900

35

1,060,200 20,523,020

31,638,493

26,976,691 1,146,639 19,731 537

1901

35

505,500 22,241,276

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

11,040,992 1,814,323 20,553,555

1902

37

50,500 26,669,446

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

17,546,640 2,230,870 25,768,803

1903

41

50,550 30,982,634

5,504,246 26,864,326 12,686,898 38,449,751

22,092,149 2,392,107 24,904,962
74,189,357 3,556,859 27,232,262

3,559,879 16,762,126

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

1906

46

6,659,026 32,565,893

6,624,890 34,879,270

4,999,834 42,757,552

59,495,276 4,657,368 25,158,012

40,753,957

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

1910

57

4,838,547 29,785,184

7,637,898 37,364,094

6,743,098 46,164,189

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

8,819,764 40,151,455

8,372,708 51,613,068 119,941,583 8,152,519 33,286,384

1911

62

4,138,133 34,113,583

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 57,831,518 127,810,271 8,078,748 37,709,534

1915

77

4,177,763 41,468,489 16,518,206 44,289,935 13,387,273 66,681,645 148,992,848 8,134,753 57,410,448

* The forma upon which the annual reports for these years were rendered did not show these items
separately.


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

B AN K COMMISSIONER

No. 8.]

XXXV

N o. 13.
C

o m p a n ie s

from

1879

to

1915

in c l u s iv e .

Due from
Other
Banks.

Currency
and
Specie.

Other
Assets.

Total
Assets and
Liabilities.

Capital
Stock.

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

-

$154,519

$104,939

$8,768,848

$1,100,000

$280,264

$7,363,333

-

$25,251

-

134,924

98,799

12,178,432

1,237,200

375,054

10,261,770

-

304,408

1880

-

138,279

67,824

16,375,565

2,400,000

470,935

12,772,255

-

732,375

1881

-

200,514

52,858

17,305,469

2,600,000

602,054

13,776,389

-

327,026

1882

$989

190,534

61,108

22,600,497

2,600,000

831,376

19,090,843

$49,393

28,885

1883

-

281,080

77,736

23,541,447

2,800,000

1,064,835

19,539,346

-

137,266

1884

Deposits
Demand.

Deposits
Time.

Other
Liabili­
ties.

Year.

1879

-

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

32,473

546,022

142,653

39,599,809

4,700,000

2,314,452

31,551,776

-

1,033,581

1888

29,770

664,211

140,577

43,359,540

4,800,000

2,708,654

34,653,000

-

1,197,886

1889

850

1,004,264

155,993

47,856,552

6,550,000

3,979,853

36,713,850

-

612,849

1890

14,495

1,602,475

215,056

54,977,501

7,775,000

4,655,027

41,699,163

-

848,311

1891

8,664

1,656,054

252,902

66,067,849

8,475,000

5,106,863

51,498,128

-

987,858

1892

6,215

2,457,902

314,737

62,561,561

9,075,000

5,689,730

46,884,726

-

912,105

1893

10,310

2,085,086

403,558

78,943,977

9,275,000

5,875,700

62,826,190

-

967,087

1894

2,420

2,689,362

382,175

86,556,278

10,375,000

6,374,737

69,096,779

-

709,762

1895

11,246

3,175,288

410,932

76,737,659

10,475,000

7,059,645

58,014,417

-

1,188,597

1896

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

-

1,628,644

1903

5,438,123

8,012,491

1,909,533

198,942,398

16,476,000

22,509,210

152,075,517

6,073,123

1,808,548

1904

3,046,058

9,867,165

2,251,426

223,859,327

17,076,000

23,782,386

174,443,960

6,079,095

2,477,886

1905

4,738,854

9,807,582

5,268,776

237,612,333

16,427,000

26,889,262

183,301,054

8,780,285

2,214,732

1906

2,638,663 11,634,191

6,293,815

226,530,554

17,227,000

28,231,995

170,158,552

7,782,565

3,130,442

1907

7,313,884 10,859,653

2,897,460 262,908,075

17,729,200

29,213,445

203,305,006 10,032,101

2,628,323

1908

6,418,366 17,315,014

2,891,708 282,441,532

18,319,700

30,804,173

219,935,962

9,610,567

3,771,130

1909

4,277,321 19,100,509

2,877,729 291,952,883

18,939,100

33,539,480

230,529,802

5,882,244

3,062,257

1910

8,108,438 21,961,451

3,550,704

342,209,790

23,038,000

32,524,435

268,152,950 15,012,855

3,481,550

1911

5,726,352 21,755,799

3,168,492

336,808,561

24,792,400

35,172,079

262,714,556

8,824,186

5,305,340

1912
1913

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

7,702,549 22,612,953

3,731,610 389,624,307

27,042,300

34,793,881

287,250,496 16,014,953

4,519,677

1914

9,799,366 25,645,672

5,700,721

442,207,119

28,392,900

33,294,938

356,494,497 21,919,677

2,105,107

1915


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

REPORT OF THE

XXXVI

[Pub. Doc,
STATEM ENT

P

Year.

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

1879

2 $1,591,707

1880

3

Other
Stocks
and
Bonds.

$309,462

1,402,381

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.

L

ia b il it ie s

Other
Time
Loans.

of

Banking
Houses.

B

o ston

Due from
Reserve
Banks.

$113,000 $2,848,031

$287,000

-

$742,590

80,000

3,894,905

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
3,094,105

1883

4

1,373,194

1,556,868

111,100

1,268,433

1,434,220

3,915,637

7,753,752

-

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

1892

10

2,299,985

6,472,711

838,175

9,197,368

-*

21,990,117

4,895,610

295,927

7,723,407

15,333,372

7,015,752

458,350 11,258,657

—*

18,909,448

10,887,543

500,000 16,228,975

1893

11

1,128,977

6,798,028

853,513

7,521,211

1894

11

3,431,733

6,093,235

1,417,551

6,491,921

1895

15

3,446,798

6,074,975

1,808,725

9,895,693

_*

20,772,033

13,699,181

500,000 12,617,621

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 20,915,766

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

2,457,391 14,015,601

_*

29,264,749

18,993,352

916,396 17,943,157

_*

1900

16

1,059,000 17,375,051

1901

16

505,000 18,643,195

1902

18

50,000 22,905,331

3,677,631 22,017,398

7,924,578 40,543,057

1903

19

50,000 25,903,398

4,034,633 23,508,361

7,651,269 33,045,418

1904

20

52,117 27,499,732

3,244,527

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

35,555,338

_*

9,049,453

6,575,655 1,575,969 18,373,094
12,661,173 2,005,084 23,380,113
10,085,936 2,182,300 21,808,261
57,349,971 3,344,872 23,957,133

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
55,411,835 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

1910

23

3,808,906 23.529.18S

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
90,309,910 6,508,681 28,657,145

1914

24

2,606,373 21,953,540

5,584,909 30,147,804

9,995,728 46,055,409

1915

26

2,824,634 24,087,673

7,207,447 34,909,667

9,902,744 54,202,675 110,661,385 6,587,650 46,043,590

* 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.]

X X X V ll

N o . 14.
T

ru st

Due from
Other
Banks.

C

o m p a n ie s

Currency
and
Specie.

from

1879

Other
Assets.

Total
Assets and
Liabilities.

to

1915

Capital
Stock.

in c l u s iv e .

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

Deposits
Demand.

Deposits
Time.

Other
Liabili­
ties.

Year.

-

$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
1883

$989

95,779

43,370

20,647,447

2,400,000

762,978

17,406,224

$49,393

28,852

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

10,299
-

2,947,165

75,985

97,441,527

7,850,000

7,421,295

80,540,785

-

1,629,447

1898

3,108,544

76,757

110,407,082

8,450,000

8,847,220

91,262,818

-

1,847,044

1899

-

2,965,973

75,554

105,066,224

8,450,000

10,181,302

84,647,563

-

1,787,359

1900

-

3,862,512

76,846

124,904,451

8,750,000

12,198,959

101,394,048

-

2,561,444

1901

-

4,151,410

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 16,840,031

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

9,082,495 18,981,902

3,833,634 328,415,496

18,480,200

24,546,626

265,669,190 18,242,255

1,487,225

1915


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

xxxviii

REPO RT OF THE

[Pub. Doc.
STATEM ENT

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

Other
Stocks
and
Bonds.

r in c ip a l

Loans on
Real
Estate.

Demand
Loans
with Col­
lateral.

A

ssets

and

L

ia b il it ie s

Other
Demand
Loans.

Time
Loans
with Col­
lateral.

Other
Time
Loans.

of

O u t s id e

Banking
Houses.

Due from
Reserve
Banks.

$112,281

1879

1

$276,000

$192,400

$76,900

$15,525

-

-

$629,771

$33,000

1880

1

207,200

190,400

33,400

26,100

-

-

834,133

33,000

192,575

1881

1

2,050

185,400

23,700

170,339

-

-

1,144,354

33,000

131,533

1882

1

8,750

185,400

21,400

20,500

-

-

1,338,605

33,000

177,894

1883

1

11,350

235,400

21,200

20,000

-

-

1,276,817

33,000

242,790

1884

1

17,350

235,400

20,400

19,289

-

-

1,311,859

33,000

99,918

1885

1

40,150

235,400

17,000

6,600

-

-

1,367,644

33,000 ‘

234,301

1886

2

19,283

-

$18,650

2,013,963

33,000

256,321

1887

2

$32,708

30,250

2,311,436

33,000

295,129

1888
1889

235,400

45,200

30,000

217,400

46,550

5

65,500

295,410

34,625

3,000

-

3,159,682

73,000

348,064

5

70,500

372,383

70,755

187,523

-

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

858,884

6,382,561

112,526

1,092,252

1,076,612

4,929,310

152,590

1,058,794

-

-

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

1893

11

238,150

761,572

405,252

792,567

59,990

_*

1894

13

352,200

909,785

545,490

1,124,973

_*

1,408,729

6,561,179

177,653

1,404,608

1895

16

512,075

1,042,163

678,694

1,196,758

_*

1,431,858

8,002,973

177,653

1,625,121

1896

17

568,467

1,273,739

656,821

960,701

-*

1897

19

592,006

1,580,583

746,051

1,074,676

1898

20

276,000

2,374,768

874,196

1,230,553

1899

20

127,650

3,231,804

989,547

2,548,351

-*

1900

19

1,200

3,147,969

1,102,488

2,746,525

-*

1901

19

500

3,598,081

1,080,186

2,974,381

1,529,867

6,956,860

177,653

1,240,921

2,156,506

8,261,894

214,742

1,558,704

2,414,822

8,148,855

229,076

1,812,437

2,396,592

7,929,210

228,036

1,488,441

2,373,744

7,983,339

230,243

1,788,380

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

—*

1904

21

550

5,465,093

1,587,797

16,839,386

211,987

3,275,129

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

-*

5,198,621

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

1,018,024

6,623,501

1912

43

8,980,796

5,961,357

6,961,275

2,598,427

9,908,677 35,525,511

967,874

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

8,220,863

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

1,570,067

9,052,389

1915

51

1,353,129 17,380,816

9,310,759

9,290,268

3,484,529 12,478,970 38,331,463

1,547,103 11,366,858

* 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 . 15.
T

ru st

Due from
Other
Banks.

C

o m p a n ie s

Currency
and
Specie.

$80,388

-

99,726

-

xxxix

BANK COMMISSIONER.

No. 8.]

from

1879

to

1915

in c l u s iv e .

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

Other
Assets.

Total
Assets and
Liabilities.

Capital
Stock.

$57,692

$1,473,957

$200,000

41,539

1,658,073

200,000

$34,547
32,841

Other
Liabili­
ties.

Deposits
Demand.

Deposits
Time.

$1,236,476

-

$2,934

-

3,057

1880
1881

1,422,175

Year.

1879

-

104,550

18,817

1,813,743

200,000

38,616

1,574,896

-

231

-

122,515

17,604

1,925,668

200,000

38,360

1,686,837

-

471

1882
1883

-

94,755

17,738

1,953,050

200,000

68,398

1,684,619

-

33

-

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
1890

850

279,776

87,273

6,192,591

1,000,000

265,438

4,923,493

-

3,660

14,495

287,957

120,155

8,400,397

1,525,000

320,685

6,550,932

-

3,780

1891

412,917

8,940,960

-

6,752

1892

-

25,211

1893
1894

382,958

157,078

10,985,629

1,625,000

475,194

227,594

10,123,850

2,025,000

538,571

7,535,068

10,310

471,183

266,958

13,233,068

2,225,000

567,435

10,434,626

-

6,007

2,420

661,083

264,798

15,595,596

2,725,000

663,012

12,199,082

-

8,502

1895

11,246

803,354

302,127

14,481,756

2,825,000

813,752

10,710,282

-

132,722

1896

36,625

531,420

368,578

17,121,785

3,025,000

899,934

13,114,050

-

82,801

1897

55,708

712,527

350,583

18,479,525

3,025,000

929,560

14,504,164

-

20,801

1898

55,593

738,023

338,256

20,071,503

3,025,000

983,535

16,045,987

-

16,981

1899

6,320

774,201

339,240

20,493,649

2,925,000

1,144,155

16,405,115

-

19,379

1900

14,331

889,073

366,768

22,553,764

3,125,000

1,310,769

18,079,925

-

38,070

1901

20,270

760,475

354,196

24,377,285

3,125,000

1,527,263

19,704,292

-

20,730

1902

15,695

1,193,116

356,043

31,242,901

3,925,000

2,249,151

24,950,195

-

118,555

1903

761,349

1,520,806

518,057

35,378,775

3,975,000

2,688,177

25,345,013 $3,269,825

100,760

1904
1905

8,664
6,215

291,568

1,734,036

669,102

42,745,602

4,575,000

3,025,856

31,205,953

3,767,280

171,513

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

963,947

1914

716,871

6,663,770

1,867,087

113,791,623

9,912,700

8,748,312

90,825,307

3,677,422

627,882

1915


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

xl

REPO RT OF THE

STATEM ENT
B

D

a n k in g

epartm en ts,

A

[Pub. Doc,

N o . 16.
T

ll

ru st

C

o m p a n ie s .

Mar. 4, 1915 May 1, 1915 June 23, 1915 Sept. 2, 1915 N ov. 10,1915
73
72
73
75
77
Trust Com­ Trust Com­ Trust Com­ Trust Com­ Trust Com­
panies.
panies.
panies.
panies.
panies.

Assets.
S ecurities .

United States bonds
Massachusetts bonds
Other stocks and bonds .
Federal Reserve Bank stock .
Bonds deposited with U. S. Treas­
urer to secure postal savings dep o s i t s .............................................

$45,475
3,833,886
33,406,699
-

$13,475
3,818,223
34,475,592
-

$13,475
3,881,006
35,123,857
-

$13,475
3,912,475
36,358,800

$14,074
4,163,689
40,565,726
360,000

-

495,651

625,951

612,622

569,380

542,763

13,810,813
36,347,659
13,679,336
52,382,177
132,581,707
51,238
273,969

14,081,757
37,639,527
13,919,766
53,650,111
133,661,534
69,930
273,969

14,399,145
37,921,631
13,686,687
54,857,548
138,625,583
62,242
273,586

15,426,907
38,060,652
12,124,989
60,625,590
140,024,230
50,656
273,587

16,518,206
44,289,935
13,387,273
66,681,645
148,992,848.
70,075
751,179

8,175,321
267,171
653,939
238,439

8,175,885
240,556
648,340
237,911

8,159,230
217,981
647,340
286,215

8,060,649
214,955
644,307
317,732

8,134,753
518,432
662,511
306,786

554,605

610,255

697,006

676,491

464,644

42,599,011
7,513,381
22,972,773
512,540
331,760

45,899,612
7,787,641
22,828,552
796,541
866,254

43,918,009
8,196,859
24,769,185
502,371
330,851

55,329,781
10,104,148
23,086,214
601,231
287,266

57,410,448
9,799,366
25,645,672
2,676,420
250,674

$370,727,550

$380,321,382

$387,182,427

$406,763,515

$442,207,119

$27,117,700
23,304,000

$27,093,600
23,325,180

$27,362,700
23,389,000

$27,587,700
23,431,500

$28,392,900
23,967,540

L o ans , etc .

Loans on real estate
. •
Demand loans with collateral
Other demand loans
Time loans with collateral
Other time loans
.
.
.
.
O v e r d r a f t s ....................................
Syndicate participations
R eal E state , etc .

Banking houses
.
.
Real estate b y foreclosure
Safe deposit vaults .
.
Furniture and fixtures

.

.

.

.

M iscellaneous .

Other a s s e t s ....................................
C a sh .

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

.

.

Liabilities.
Capital s t o c k ....................................
Surplus f u n d ....................................
Undivided earnings, less expenses,
interest and taxes paid
Deposits, demand: —
Subject to check .
.
.
.
For payment of coupons, etc.
Certificates of deposit .
Certified checks .
.
.
.
Treasurer’s checks
Deposits, time: —Certificates of deposit not payable
within thirty days
Open accounts not payable within
thirty days
.
.
.
.
Due to reserve banks
Due to other banks
Sinking funds, railroads .
Sinking funds, corporations .
Dividends unpaid .
.
.
.
Bills payable, including certificates
of deposit representing money borr o w e d .............................................
Reserved for taxes .
.
.
.
Other liabilities
.
.
.
.


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

9,853,227

8,379,673

9,091,371

8,937,480

9,327,398

260,641,708
1,546,440
7,474,159
1,543,948
1,299,060

263,009,831
4,989,401
5,935,682
1,296,231
2,655,826

268,176,178
3,979,021
5,201,494
1,492,529
1,112,979

285,932,149
2,427,413
7,037,643
993,073
1,114,680

315,370,037
1,837,129
7,367,794
1,759,718
1,474,825

7,079,260

7,478,270

11,278,276

10,629,747

10,181,909

8,824,903
2,710,910
16,894,143
364,358
298,574
10,421

10,254,891
2,118,403
21,741,332
216,621
353,066
44,369

10,282,291
2,333,325
20,855,123
216,454
348,307
10,333

10,599,718
1,927,360
23,305,260
292,808
340,772
17,287

11,737,768
2,646,606
26,038,388
244,592
470,447
8,225

919,242
261,786
583,711

593,224
369,903
465,879

816,983
405,538
830,525

669,989
589,838
929,098

546,556
118,944
716,343

$370,727,550

$380,321,382

$387,182,427

$406,763,515

$442,207,119

No,

BANK COMMISSIONER,

xli

S T A T E M E N T N o . 17.
B

D

a n k in g

epartm en ts,

T

ru st

C

o m p a n ie s

in

B

o sto n .

Mar. 4, 1915 May 1, 1915 June 23, 1915 Sept. 2, 1915 N ov. 10,1915
24
24
25
25
26
Trust Com­ Trust Com­ Trust Com­ Trust Com­ Trust Com­
panies.
panies.
panies.
panies.
panies.
Assets.
S ecurities .

United States bonds
Massachusetts bonds
Other stocks and bonds .
Federal Reserve Bank stock .
Bonds deposited with U. S. Treas­
urer to secure postal savings dep o s i t s ..............................................

$13,475
2,612,685
19,592,489

$13,475
2,598,562
20,175,904

$13,475
2,650,754
20,659,507
-

$13,475
2,598,957
21,220,157
-

$13,475
2,811,159
23,415,349
360,000

345,683

323,482

309,762

312,324

6,337,167
28,292,994
10,245,509
41,314,586
98,656,429
27,323 '
260,049

6,124,814
29,792,410
10,666,951
42,082,427
96,685,752
43,238
260,049

6,267,467
29,737,820
10,420,448
43,101,404
101,232,892
37,380
259,666

6,745,362
29,461,795
8,969,202
48,622,878
102,240,814
33,881
259,667

7,207,447
34,999,667
9,902,744
54,202,675
110,661,385
56,090
538,809

6,512,131
139,341
394,531
99,064

6,512,264
122,590
394,531
97,700

6,514,764
97,874
394,031
113,300

6,512,564
96,078
391,531
114,179

6,587,650
165,331
387,031
126,167

-

307,751

-

L oans , etc .

Loans on real estate
Demand loans with collateral
Other demand loans
Tim e loans with collateral
Other time loans
.
.
.
.
Overdrafts
.
.
.
.
.
Syndicate participations .
R eap E state , etc .

Banking houses
.
.
Real estate b y foreclosure
Safe deposit vaults .
.
Furniture and fixtures

.

.

.

.

.

.

112,078

219,494

291,502

297,708

297,939

.

33,666,518
7,058,763
17,672,168
202,422
210,477

36,678,571
7,226,255
18,017,678
284,694
708,632

35,308,633
7,700,305
19,195,391
232,407
198,199

45,757,835
9,479,067
17,173,435
266,981
184,210

46,043,590
9,082,495
18,981,902
2,096,290
165,977

$271,727,950

$270,051,674

$284,750,701

$300,749,538

$328,415,496

$17,575,000
17,810,000

$17,630,900
17,826,180

$17,900,000
17,890,000

$18,025,000
17,917,500

$18,480,200
18,333,540

M iscellaneous .

Other assets

.

.

.

C a sh .

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

.

L ia bilities.
Capital stock .
.
.
.
.
Surplus fund .
.
.
. • .
Undivided earnings, less expenses,
interest and taxes paid
Deposits, demand: —
Subject to check .
.
.
.
For payment of coupons, etc.
Certificates of deposit .
Certified checks .
.
.
.
Treasurer’s checks
Deposits, time: —■
Certificates of deposit not payable
within thirty days
Open accounts not payable within
thirty days
.
.
.
.
Due to reserve banks
Due to other banks
Sinking funds, railroads .
Sinking funds, corporations .
Dividends unpaid .
.
.
.
Bills payable, including certificates
of deposit representing money borrowed .
.
.
.
.
.
Reserved for taxes .
.
.
.
Other liabilities
.
.
.
.


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

6,911,987

5,443,583

5,923,665

5,912,356

6,213,086

189,815,511
1,482,302
4,327,996
1,299,296
1,200,270

190,626,204
4,937,976
3,365,578
1,047,733
2,532,846

194,999,507
3,903,930
2,562,353
1,238,556
1,031,881

209,488,566
2,344,886
4,290,496
850,872
1,004,492

232,200,575
1,795,948
4,663,943
1,616,360
1,317,035

5,503,893

5,483,979

9,269,950

8,996,451

8,331,768

7,958,801
2,242,743
13,809,151
364,358
292,920
6,673

9,194,644
1,488,068
17,926,929
216,621
349,980
29,172

9,108,072
1,799,688
17,328,451
216,453
339,849
3,347

8,973,732
1,513,595
19,308,774
292,808
338,369
10,886

9,910,487
2,067,155
22,008,174
244,592
465,315
4,808

369,837
242,196
515,016

272,224
325,192
353,865

146,983
354,577
733,439

213,183
515,179
752,393

188,750
108,381
465,379

$271,727,950

$279,051,674

$284,750,701

$300,749,538

$328,415,496

[Pub. Doc.

REPORT OF THE

xlii

STATEM ENT
B

a n k in g

D

epartm en ts,

T

ru st

C

N o . 18.

o m p a n ie s

o u t s id e

of

B

o sto n .

Mar. 4, 1915 May 1, 1915 June 23, 1915 Sept. 2, 1915 N ov. 10,1915
48
48
50
49
51
Trust Com­ Trust Com­ Trust Com­ Trust Com­ Trust Com­
panies.
panies.
panies.
panies.
panies.
Assets.
S ecurities .

United States bonds
Massachusetts bonds
Other stocks and bonds
Bonds deposited with U. S. Treas­
urer to secure postal savings dep o s i t s ..............................................

$32,000
1,221,201
13,814,210

$1,219,661
14,299,688

$1,230,252
14,464,350

$1,313,518
15,138,643

$599
1,352,530
17,150,377

187,900

280,268

289,140

259,618

230,439

7,473,646
8,054,665
3,433,827
11,067,591
35,925,278
23,915
13,920

7,956,943
7,847,117
3,252,815
11,567,684
36,975,782
26,692
13,920

8,131,678
8,183,811
3,266,239
11,756,142
37,392,691
24,862
13,920

8,681,545
8,598,857
3,155,787
12,002,712
37,783,416
16,775
13,920

9,310,759
9,290,268
3,484,529
12,478,970
38,331,463
13,985
212,370

1,663,190
127,830
259,408
139,375

1,663,621
117,966
253,809
140,211

1,644,466
120,107
253,309
172,915

1,548,08»
118,877
252,776
203,553

1,547,103
353,101
275,480
180,619

442,527

390,761

405,504

378,783

166,705

8,932,493
454,618
5,300,605
310,118
121,283

9,221,041
561,386
4,810,874
511,847
157,622

8,609,376
496,554
5,573,794
289,964
132,652

9,571,946
625,081
5,912,779
334,250
103,056

11,366,858
716,871
6,663,770
580,130
84,697

$98,999,600

$101,269,708

$102,431,726

$106,013,977

$113,791,623

$9,542,700
5,494,000

$9,462,700
5,499,000

$9,462,700
5,499,000

$9,562,700
5,514,000

$9,912,700
5,634,000

L oans , etc .

Loans on real estate
Demand loans with collateral
Other demand loans
Tim e loans with collateral
Other time loans
.
.
.
.
O v e r d r a f t s ....................................
Syndicate participations

-

-

R eal E state , etc .

Banking houses
.
.
Real estate by foreclosure
Safe deposit vaults .
.
Furniture and fixtures

.

.

.

.

M iscellaneous .

Other a s s e t s ....................................
C a sh .

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

' .
.

.

L ia bilities.
Capital s t o c k ....................................
Surplus fund .
.
.
.
.
Undivided earnings, less expenses,
interest and taxes paid
Deposits, demand: —
Subject to check .
.
.
.
For payment of coupons, etc.
Certificates of deposit .
Certified checks .
.
.
.
Treasurer’s checks
Deposits, time: —
Certificates of deposit not payable
within thirty days
Open accounts not payable within
thirty days
.
.
.
.
Due to reserve banks
Due to other banks
Sinking funds, corporations .
Dividends unpaid .
.
.
.
Bills payable, including certificates
of deposit representing money borr o w e d .............................................
Reserved for taxes .
.
.
.
Other liabilities
.
.
.
.


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

2,941,240

2,936,090

3,167,706

3,025,094

3,114,312

70,826,197
64,138
3,146,163
244,652
98,790

72,383,527
51,425
2,570,104
248,498
122,980

73,176,671
75,091
2,639,142
253,973
81,097

76,443,583
82,527
2,747,147
142,201
110,188

83,169,462
41,181
2,703,851
143,358
157,790

1,575,367

1,994,291

2,008,326

1,633,298

1,850,141

866,102
468,167
3,084,992
5,654
3,748

1,060,247
630,335
3,814,403
3,186
15,197

1,174,219
533,637
3,528,672
8,459
6,986

1,625,986
413,765
3,996,486
2,403
6,401

1,827,281
579,451
4,030,214
5,132
3,417

549,405
19,590
68,695

321,000
44,711
112,014

670,000
50,961
97,086

456,806
74,659
176,735

357,806
10,563
250,964

$98,999,600

$101,269,708

$102,431,726

$106,013,977

$113,791,362

BANK COMMISSIONER.

No. 8.]

STATEM ENT
S a v in g s D

epartm en ts,

A

xliii

N o . 19.

ll

T

ru st

C

o m p a n ie s .

Mar. 4, 1915 May 1, 1915 June 23, 1915 Sept. 2, 1915 N ov. 10,1915
40
37
38
37
34
Trust Com­ Trust Com­ Trust Com­ Trust Com­ Trust Com­
panies.
panies.
panies.
panies.
panies.
Assets.
I nvestments A uthorized for
S a v in g s B a n k s .

Public funds .
.
.
.
.
Railroad bonds and notes
Street railway bonds
Boston Terminal com pany 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
Securities acquired in settlement of
indebtedness
.
- .
Taxes and insurance paid on mort­
gaged properties .
.
.
.
Premium account .
.
.
.
Other assets
. ' . . . .
Due from national banks and trust
companies
.
.
.
.
.
Cash (currency and specie)
Checks and other cash items .

$1,407,191
1,481,430
1,309,437
5,600
308,549

$1,547,669
1,584,984
1,366,648
1,990
334,776

$1,439,036
1,657,240
1,413,910
1,990
329,332

$1,489,678
1,696,131
1,428,590
2,881
377,335

$1,368,658
1,923,236
1,512,280
26,578
318,968

367,440
10,766,378
5,389,784
8,170

389,818
11,444,215
5,335,962
8,285

361,086
12,259,107
5,274,628
12,713

457,468
13,106,816
5,231,922
9,477

336,106
14,355,430
5,209,124
6,144

7,000

26,000

26,000

20,500

_

412
4,316
2,883

396
6,019
5,596

113
5,978
5,216

251
4,091
2,597

_
44,109

1,102,697
51,298
14,704

1,047,768
59,337
18,299

724,462
63,050
1,467

1,085,874
67,588
3,648

938,878
68,399
2,559

$22,227,289

$23,177,762

$23,575,328

$24,984,847

$26,110,469

$21,985,862
12,246
43,974

$22,865,459
12,468
47,716

$23,201,475
12,392
49,882

$24,679,132
14,439
62,097

$25,686,677
15,941
73,304

22,948
162,259

55,774
196,345

67,027
244,552

24,984
204,195

97,970
236,577

$22,227,289

$23,177,762

$23,575,328

$24,984,847

$26,110,469

L ia bilities.
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,

REPO RT OF THE

xliv

STATEM ENT
S a v in g s D

epartm en ts,

T

ru st

N o . 20.
C

o m p a n ie s

in

B

oston.

Mar. 4, 1915 May 1,1915 June 23,1915 Sept. 2, 1915 N ov. 10,1915
13
12
14
13
13
Trust Com­ Trust Com­ Trust Com­ Trust Com­ Trust Com­
panies.
panies.
panies.
panies.
panies.

Assets.
I nvestments A uthorized for
S a vings B a n k s .

Public f u n d s ....................................
Railroad bonds and notes
Street railway bonds
Boston Terminal Company bonds .
Telephone com pany bonds
National bank and trust company
s t o c k .............................................
Loans on real estate
Loans on personal security
Real estate b y foreclosure
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
c o m p a n i e s ....................................
Cash (currency and specie)
Checks and other cash items .

$902,085
781,225
560,096
1,990
137,867

$1,006,748
738,243
587,273
1,990
141,145

$920,622
751,083
618,648
1,990
133,927

$936,191
734,338
581,271
1,990
160,307

$807,371
781,316
663,343
1,990
92,593

251,919
4,394,389
2,609,838
3,200

279,297
4,691,428
2,545,599
3,315

242,465
5,220,696
2,339,990
3,333

208,865
5,827,008
2,338,545
3,333

210,665
6,604,995
2,192,669
-

_
_

7,000

7,000

7,000

7,000

104
510
2,228

104
1,874
1,305

104
1,829
602

1,201

17,108

473,634
22,073
1,844

434,327
20,855
16,712

258,783
22,262
753

499,460
25,979
624

405,627
27,957
2,081

$10,150,002

$10,477,215

$10,524,087

$11,327,209

$11,807,715

$10,002,394
7,461
38,600

$10,328,205
7,514
41,081

$10,349,929
7,514
42,787

$11,122,696
8,937
55,167

$11,624,048
9,937
63,567

100,821
726

90,343
10,072

123,433
424

139,094
1,315

98,818
11,345

$10,150,002

$10,477,215

$10,524,087

$11,327,209

$11,807,715

104
995

Liabilities.
Deposits .
.
.
.
.
.
Guaranty fund
.
.
.
.
Profit and loss
.
.
.
.
Interest, rents, etc., less current ex­
penses .............................................
Other liabilities
.
.
.
.


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

.

xlv

BANK COMMISSIONER,

No. 8.]

STATEM ENT
Sa v in g s D

epartm en ts,

T

ru st

C

N o . 21.

o m p a n ie s

o u t s id e

of

B

oston.

Mar. 4, 1915 May 1, 1915 June 23,1915 Sept. 2, 1915 N ov. 10,1915
24
26
24
25
22
Trust Com­ Trust Com­ Trust Com­ Trust Com­ Trust Com­
panies.
panies.
panies.
panies.
panies.

Assets.
I nvestments A uthorized for
S avings 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 by foreclosure
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 .

$505,106
700,205
749,341
3,610
170,682

$540,921
846,741
779,375
193,631

115,521
6,371,989
2,779,946
4,970

_

195,405

$553,487
961,793
847,319
891
217,028

$561,287
1,141,920
848,937
24,588
226,375

110,521
6,752,787
2,790,363
4,970

118,621
7,038,411
2,934,638
9,380

248,603
7,279,810
2,893,377
6,144

125,441
7,750,435
3,016,455
6,144

19,000

19,000

13,500

-

$518,414
906,157
795,262
-

_
_

308
3,806
655

292
4,145
4,291

4,149
4,614

147
3,096
1,396

27,001

629,063
29,225
12,860

613,441
38,482
1,587

465,679
40,788
714

586,414
41,609
3,024

533,251
40,442
478

$12,077,287

$12,700,547

$13,051,241

$13,657,638

$14,302,754

$11,983,468
4,785
5,374

$12,537,254
4,954
6,635

$12,851,546
4,878
7,095

$13,556,436
5,502
6,930

$14,062,629
6,004
9,737

61,438
22,222

106,002
45,702

121,119
66,603

65,101
23,669

137,759
86,625

$12,077,287

$12,700,547

$13,051,241

$13,657,638

$14,302,754

9

-

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.

REPO RT OF THE

x lv i

STATEM ENT
A

ggregate

of

T

ru st

N o . 22.
D

epartm en ts.

N ov. 10, 1915
34
Trust
Companies
in all.

N ov. 10, 1915
N ov. 10, 1915
22
12
Companies in Companies out­
side of Boston.
Boston.

Assets.
S ecurities .

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

Loans
Loans
Notes
Notes

on real estate
with collaterals
of individuals
of corpoiations

.
.
or sureties
.
.
.
.
.
.
.
.

R e al E state .

Real estate owned
.
.
Real estate b y foreclosure .

.

.

M iscellaneous .

Trust fund agreements
Annuities
.
.
.
.
.
.
S u n d r i e s .............................................
C a sh .

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

$62,971
969,223
2,752,901
3,481,940
854,503
7,047,342
1,280,503
17,273,814
3,719,046
18,669,138

$46,590
894,414
2,588,176
3,197,659
728,948
6,386,790
960,531
14,946,099
2,677,316
16,106,518

$18,381
74,809
164,725
284,281
125,555
660,552
319,972
2,327,715
1,041,730
2,562,620

23,874,412
944,079
299,509
241,850

16,638,416
919,502
258,781
104,091

7,235,996
24,577
40,728
137,759

9,885,911
112,170

8,580,837
105,870

1,305,074
6,300

259,502
211,545
430,948

259,502
211,545
341,643

89,305

1,182,673
1,669,563
53,980

542,171
1,148,299
25,323

640,502
521,264
28,657

$95,277,523

$77,669,021

$17,608,502

$80,087,321
13,749,817
1,278,705
161,680

$66,319,049
10,160,008
1,185,791
4,173

$13,768,272
3,589,809
92,914
157,507

$95,277,523

$77,669,021

$17,608,502

L ia bilities.
On trust accounts
.
.
.
.
As executors, administrators, etc.
I n c o m e ......................................................
Dividends
.
.
. . .


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

No. S.]

BANK COMMISSIONER

STATEM ENT
R

xlvii

N o . 23.

eserves.

Of Trust Companies in Boston.
T otal A mount
carried in C ash ,
R eserve B anks

D A TE
OF
CALL.

No.
of
Cos.

Net
Demand
Deposits.

Reserve
required.

C lassification of R e se r v e .

U . S. AND
M ass . B onds .

CASH.

U. S.
and
Mass.
Bonds.

Due
from Re­
serve
Banks.

Am ount.

Per
Cent,
of De­
posits.

Amount.

Per
Cent,
of De­
posits.

1915.
Mar. 4

24 $201,223,194 $40,244,639 $48,265,283

23.99

$17,672,168

8.78

May 1

24

206,742,228

41,348,446

49,606,957

23.99

18,017,678

8.72

2,612,037

28,977,242

June 23

25

210,457,101

42,091,420

52,690,353

25.04

19,195,391

9.12

2,664,229

30,830,733

25

223,083,571

44,616,714

59,560,754

26.70

17,173,435

7.70

2,612,432

39,774,887

26

249,500,811

49,900,162

62,855,724

25.19

18,981,902

7.61

2,824,634

41,049,188

$8,464,326

Sept. 2
N ov. 10

.

$2,626,160 $27,966,955

Of Trust Companies outside of Boston.
$76,703,944 $11,505,592 $15,018,132

19.58

$5,300,605

6.91

$1,253,201

11,719,935

14,621,241

18.71

4,810,874

6.16

1,219,661

8,590,706

11,848,967

14,879,785

18.84

5,573,794

7.06

1,230,252

8,075,739

82,569,202

12,385,380

16,384,478

19.84

5,912,779

7.16

1,313,518

9,158,181

88,952,272

13,342,841

18,804,306

21.14

6,663,770

7.49

1,353,129

10,787,407

Mar. 4

49

May 1

48

78,132,901

June 23

48

78,993,114

50
51

Sept. 2
N ov. 10

.

Of All Trust Companies.
Mar. 4

73 $277,927,138 $51,750,231 $63,283,415

22.77

$22,972,773

8.27

May 1

72

284,875,129

53,068,381

64,228,198

22.55

22,828,552

8.01

3,831,698

37,567,948

June 23

73

289,450,215

53,940,387

67,570,138

23.34

24,769,185

8.56

3,894,481

38,906,472

75

305,652,773

57,002,094

75,945,232

24.85

23,086,214

7.55

3,925,950

48,933,068

77

338,453,083

63,243,003

81,660,030

24.13

25,645,672

7.58

4,177,763

51,836,595

Sept. 2
N ov. 10

.


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

$3,879,361 $36,431,281

xlviii

REPORT OF THE

STATEM ENT
E

a r n in g s

and

D

iv id e n d s

[Pub. Doc.

N o . 24.
A

of

ll

T

ru st

C

o m p a n ie s .

From Oct.
31, 1914,
to N ov. 10,
1915.

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

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

Gross e a rn in g s ........................................................................

$19,110,199 52

$20,985,507 41

$16,100,289 11

Less interest paid to depositors in banking departments .

$6,698,696 19

$6,105,401 18

$5,190,124 37

Less interest paid to depositors in savings departments .

776,702 07

599,218 26

403,311 75

9,163,408 46

10,895,073 20

6,571,096 79

Total d e d u c t i o n s ......................................................

$16,638,806 72

$17,599,692 64

$12,164,532 91

Net e a r n i n g s ........................................................................

$2,471,392 80

$3,385,814 77

$3,935,756 20

2,658,324 50

2,617,201 00

2,279,714 00

$768,613 77

$1,656,042 20

Less expenses, taxes, premiums and losses

Dividends p a i d .................................... .........
Undivided earnings for y e a r ....................................
Undivided earnings of previous years

.

.

.

$186,931 70*

.

10,080,289 36

9,566,396 53

8,679,260 96

$9,893,357 66

$10,335,010 30

$10,335,303 16

$422,000 00

$249,920 00

$766,080 00

6,439 87

4,800 94

2,826 63

Total d e d u c t i o n s ......................................................

$428,439 87

$254,720 94

$768,906 63

Net undivided e a r n in g s .......................................................

$9,464,917 79

$10,080,289 36

$9,566,396 53

T o t a l .................................................................................
Transferred to s u r p l u s ......................................................
Transferred to guaranty fund of savings departments

.

* Deficit.

N umber

of

D epositors.

The total number of depositors in trust companies on the date
of the last call o f each year for the last nine years is given below: —
Number of
Depositors.

Date.

October 31, 1907

128,953

October 31, 1908

134,881

November 16, 1909

152,381

November 10, 1 9 1 0 .................................................................................................. 171,830
December 5, 1911.............................................................................................................

203,308

November 26, 1912

233,446

October 21, 1913
October 31, 1914
November 10, 1915


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

259,072
...............................................................................................

299,261
347,471

'No. 8.]

BANK COMMISSIONER.

xlix

S T A T E M E N T N o . 25.

L ist

of

L egal I nvestments .

The following is a list of bonds and notes wdiich, 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

1

REPORT OF THE

[Pub. Doc.

Public F unds .
(Covering counties, cities, towns and districts which appear to have bonds or note3 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.
Aroostook
Augusta
Kennebec
Washington
Cities.
Auburn
Augusta
Bangor
Bath
Belfast
Biddeford
Brewer
Ea3tport
Ellsworth
Hallowell
Lewiston
Portland
Saco
South Portland
Waterville
W estbrook
Towns.
Boothbay Harbor
Camden
Caribou
Dexter
Fairfield
Lisbon
Lubec
Rum ford
Skowhegan
Thomaston
Yarmouth
Water Districts.
Augusta
Bath
Gardiner
Kennebec
Kitlery*
Portland
Rum ford & Mexico
Van Buren*

N e w H am pshire .

V erm ont .

Counties.

Cities.

Belknap
Hillsborough
Merrimack
Rockingham
Cities.
Berlin
Concord
Dover
Franklin
Keene
Laconia
Manchester
Nashua
Portsmouth
Rochester
Somersworth
Towns.
Ashland
Bethlehem
Boscawen
Claremont
Derry
Gorham
Haverhill
Jaffrey
Milford
Newmarket
N orthumberland
Pembroke
Peterborough
Plaistow
Raym ond
Salem
Walpole
W ilton
W olfeboro
Water District.
North Conway*

Barre
Burlington
Montpelier
Rutland
St. Albans
Swanton
Vergennes

C onnecticut .

County.
Fairfield

Cities.
Ansonia
Bridgeport
Bristol
Derby
Hartford
Towns.
Meriden
Bennington
Middletown
Brattleborough
New Britain
Hartford
New Haven
Rockingham
New London
Norwalk
M assachusetts .
Putnam
Rockville
Bonds or notes of any Stamford
county, city, town or Waterbury
incorporated district! Willimantic
of the Commonwealth
of Massachusetts
Towns.
Branford
R hode I sland .
Brooklyn
Canton
Cities.
East Haddam
Cranston
East Lyme
Newport
Enfield
Providence
Essex
W oonsocketX
Fairfield
Hamden
Towns.
Litchfield
Barrington
Madison
Bristol
Manchester
Coventry
Meriden
Cumberland
Milford
East Greenwich
Newtown
Norfolk
East ProvidenceX
Johnston§
Norwich
LincolnX
Plainfield
N orth Kingstown
Southington
North Smithfield
Stafford
Scituate
Stamford
South Kingstown
Thomaston
Tiverton
Torrington
Warren
Wallingford
W arwick
W atertown
Westerly
W indham

* 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 b y law.
Î Net indebtedness, as defined by new law, in excess of legal limit, therefore only bonds issued prior
t o June 8, 1908, are legal.
§ Only those which have been assumed by the city of Providence.


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

BANK COMMISSIONER,

No. 8.]

li

Legally authorized bonds for municipal purposes, etc., of the following cities outside of New
England: —
Akron, O.
Albany, N. Y .
Allentown, Penn.
Altoona, Penn.
Amsterdam, N. Y .
Auburn, N. Y .
Baltimore, Md.
Bay City, Mich.
Buffalo, N. Y .
Canton, O.
Cedar Rapids, la.
Chicago, 111.
Cleveland, O.
Columbus, O.
Council Bluffs, la.
Davenport, la.
Dayton, O.
Decatur, 111.
Des Moines, la .
Detroit, Mich.
Dubuque, la.

Duluth, Minn.
Elmira, N. Y.
Flint, Mich.
Ft. W ayne, Ind.
Grand Rapids, Mich.
Hamilton, O.
Harrisburg, Penn.
Indianapolis, Ind.
Jackson, Mich.
Jersey City, N. J.
Johnstown, Penn.
Joplin, M o.
Kalamazoo, Mich.
Kansas City, M o.
La Crosse, Wis.
Lancaster, Penn.
Lansing, Mich.
Lorain, O.
Los Angeles, Cal.
Louisville, K y.
McKeesport, Penn.
R

Milwaukee, Wis.
Minneapolis, Minn.
Newark, N. J.
New Castle, Penn.
Niagara Falls, N. Y .
Oakland, Cal.
Omaha, Neb.
Oshkosh, W is.
Paterson, N. J.
Peoria, 111.
Philadelphia, Penn.
Pittsburgh, Penn.
Racine, Wis.
Reading, Penn.
Rochester, N. Y .
Rockford, 111.
Saginaw, M ich.
St. Joseph, M o.
St. Louis, M o.
St. Paul, Minn.

a il r o a d

B

San Francisco, Cal.
Scranton, Penn.
Seattle, Wash.
Sioux City, la.
South Bend, Ind.
Spokane, Wash. ,
Springfield, M o.
Springfield, O.
Superior, Wis.
Syracuse, N . Y .
Terre Haute, Ind.
Toledo, O.
Trenton, N . J.
T roy, N. Y .
W aterloo, la.
Wilkes-Barre, Penn.
Williamsport, Penn.
York, Penn.
Youngstown, O.

o n ds.

B A N G O R & A RO OSTOOK S Y S T E M .!, If
Bangor & Aroostook R .R .t, If
First
“
“
“
Piscataquis Divisionf , If
**
“
“
“
Van Buren Extensiont, If
“
“
Medford
“
t , 11
Aroostook Northern R .R .t, *|f
Northern Maine Seaport R.R.t, If
R .R . and terminal first

.

41

Boston & Lowell R .R .
"
“
“

1«

«
«1
**
"
**
“
“

«1
“
«(
“
««
“

««
««
“
“
“
“
“

BOSTON & M A IN E SYSTE M .
Plain

.
t
,
#
.
•

•

Connecticut & Passumpsic Rivers R .R .
Concord & Montreal R .R .
Connecticut River R .R .

First
Consolidated mortgage
Plain

“
“
Fitchburg R .R .

Plain

11
11

*1
«*

M

«(

“

C(
II
««
•<
T roy & Boston R .R .
Vermont & Massachusetts R .R .
Sullivan County R .R .
Vermont Valley R .R .

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 .

First
Plain
First
“
M A IN E C E N T R A L S Y S TE M .
Collateral trust
First and refunding
Notes .
First

Mortgage
Extension mortgage

.
.
.
.
.

1943
1943
1943'
1937
1947
1935

4s
4s
4s
3 is
3 is
3is
3is
4s
4s
4s
4s
Air,
4$S
4s
4s
3 is
3 is
4s
. 4s
. 3 is
. 4s
. 3 is
. 4s
. 4s
♦ 4s
. 4 is
. 4 is
. 4Js
. 5s
. 4s
. 7s
. 3 is
. 4s
. 4 is

1916
1917
1918
1919
1921
1923
1925
1926
1927
1929
1932
1933
1943
1920
1921
1923
1943
1916
1920
1920
1921
1925
1927
1928
1928
1932
1933
1934
1937
1924
1923
1924
1940

.
.
.
.
.
.

1923
1935
1919
1920
1923
1920
1917
1929
1933
1930
1930

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

.
.
.
.

t Dividends paid for insufficient number of years.
H 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
5s
5s
5s
5s

5s
4|s
5s
4s
6s
4s
4s
4s
4s
4s
4Js

REPORT OF THE

lii

[Pub. Doc.

M A IN E C E N T R A L S Y S T E M — Concluded.
Washington County R y. .
Portland & Rumford Falls R y.
Portland & Ogdensburg R .R .
Somerset R y. .

.
.

First
Consolidated .
First

.

44

.
.

First and refunding

3 is
4s
4|s
5s
4s

1954
1926
1928
1917
1955

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

1918
1951
1927
1924
1925
1938
1932
1947

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

1995
1958
1928
1937
1928
1940

5s
4ès
3^s
4s
3|s
4s
3ès
4Js
5s
5s
4£s
4s
6s
5s
5s
5s
6s
6s
4s
4s

1995
1933
1925
1948
1925
1941
1925
1930
1933
1936
1930
1995
1922
1919
1936
1937
1922
1920
1990
1925

5s

1987

RTFO R D SYSTEM .
Boston & Providence R .R .
Holyoke & Westfield R .R .
Norwich & Worcester R .R .

.
.
.

Old Colony R .R .

•i
“
1 “
. First

Providence & Worcester R .R .

.
.
.

Plain
First
Debenture
1 Plain

.
.
.

.

R A IL W A Y S Y S T E M .
Atchison, Topeka & Santa Fe R y.
“
“
“
“
Trans. Short Line
“
“
"
“
East Oklahoma
Chicago, Santa Fe & California R y. .
Hutchinson & Southern R y.
.
.
.
.
San Francisco & San Joaquin Valley R y.

.
.

.

General mortgage
First

.

44
44

44
**

.
.
.
.
.

B A L T IM O R E & OHIO S Y S TE M .
Refund, and gen. mtg.
Convertible .
Prior lien
First

Baltimore & Ohio R .R .

Pitts. Jc. & M id. Div.
Pitts., Lake Erie & W est Va.
Southwestern Division

Refunding
First
Consolidated .
General
Refunding
First

Central of Ohio R .R .
Cleveland, Lorain & Wheeling R y.
Cleveland, Terminal & Valley R .R .
Huntington & Big Sandy R .R . .
Monongahela River R .R . .
Ohio River R .R .

General
First

Pittsburg, Cleveland '& Toledo R .R .
Ravenswood, Spencer & Glenville R y.
W est Virginia & Pittsburgh R .R .
Schuylkill River East Side R .R .

C E N T R A L OF N EW JE R S E Y SYST E M .
Central R .R . of New J e r s e y ..................................................... General
CH IC A G O & N O R T H W E S T E R N S Y S T E M .
General

Chicago & Northwestern R y.

Cedar Rapids & Missouri River R .R .
Northwestern Union R y. .
Milwaukee, Lake Shore & Western R y.
Marshfield Extension
Michigan Division .
Ashland
“
Ext. and imp. .
Wisconsin Northern R y. .
Winona & St. Peter R .R . .
Boyer Valley Ry.*
Minnesota & Iowa R y.
Princeton & Northwestern R y.
Peoria & Northwestern Ry.*
Mankato & New Ulm Ry.*


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

44
44

Mortgage
First

44
44
44
44
44
44

.R ....................................
Minnesota <fc South Dakota Ry.*
Iowa, Minnesota & Northwestern R y.
Sioux C ity & Pacific R .R . .

Extension
Sinking fund mortgage
Mortgage
First
Consolidated .
First

Consolidated .
First

44
44

rn R y.

* Secured on less than 100 miles of railroad.

3| sl
.1 4s
.5s
4s
5s
6s
l 7s
7s
6s
5s
6s
6s
5s
4s
7s
3 is
3is
3 is
3 is
3 is
6s
3 §s
3 is
3 is
3 is

1987
1926
1929
1916
1917
1921
1922
1924
1925
1929
1931
1916
1923
1924
1926
1926
1929
1933
1935
1935
1936
1941

No. 8.]

BANK COMMISSIONER.

lui

C H IC A G O , B U R L IN G T O N & Q U IN C Y S Y S T E M
Chicago, Burlington & Quincy R .R . .
.
.
.
“
“
“
“ Illinois Division

General
Mortgage

“
"
“
“ Iowa
“
“
“
“
“ Denver Extension
“
“
“
“ Nebraska
“
Burlington & Missouri River R .R . in Nebraska .
Republican Valley R .R .
.
.
.
.
.
.
Tarkio Valley R .R . .
.
.
.
.
.
.
Nodaway Valley R .R .
.
.
.
.
.
.

••
_
_
Mortgage
Consolidated .
Mortgage
First

. 4s
. / 3§s
1 4s
/4 s
* \ 5a
4s
. 4s
. 6s
. 6s
. 7s
. 7s

-

1958
1[ 1949
J
1> 1919
J
1922
1927
1918
1919
1920
1920

C H IC A G O , M IL W A U K E E & ST. PA U L SYST E M .
4 is
General and refunding
General and refunding conv. 5s
4s
European Loan
4Js
Convertible
4s
Debenture
3 is I
4s
General
4?s ,
5s
First
.
.
.
.
6s
••
6s
"
.
.
.
5s
5s
5s
5s
5s
“
"
6s
4$s
Extension
4£s
Consolidated extended
4s
First
.
.
.
.

Chi., Mil. & St. Paul R y.

“
“
“
“ 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 <fc Northern R .R .
Chicago, Milwaukee & Puget Sound R y.

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 City R .R .

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

3ès . 1930
i 6s
1918
6s
1930
6s
1919
6s

ÜTSTEM..
D E L A W A R E & HU DSON SYSTEM
First refunding
First
.
.

Delaware & Hudson C o. .
“
“
Canal Co.
Adirondack R y.
Schenectady & Duanesburg R .R
Albany & Susquehanna R .R .

Convertible

.

.

.

4s
7s
4 is
6s
3 is

1943
1917
1942
1924
1946

6s

1921

4Js

1961

{Is }
I 4s I
\ 4|s }
I 6s j
4s
4s
4s

1922

D E L A W A R E , L A C K A W A N N A & W E S T E R N SYST E M .
New York, Lackawanna & Western Ry.§

.

.

.

.

First

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.

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

.

.

.

.

.
.

.

. First

First and refunding

.

.

.

. Consolidated .

Montana Extension
Pacific Extension
Northern Division
.
.
.
. First

-

-

{Is
5s
6s

.

1933
1937
1940
1948

} 1937
1938
1939

ILLIN O IS C E N T R A L S Y S TE M .
Illinois Central R .R . Sterling Extended
.
.
.
.
“
“
“ Gold Extended .
.
.
.
.
“■
“
“ Sterling
.
.
.
.
.
.
“
“
“ G o l d ................................................................... -


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

§ N ot guaranteed by endorsement.

4s
3ès
3s
4s
Sis

1951
1950
1951
1951
1951

liv

REPORT OF THE

[Pub. Doc.

ILLIN O IS C E N T R A L SYSTE M — Concluded.
Illinois Central R .R . Gold Extended .
Springfield Division
Refunding
Collateral Trust

.

.

.

.

3ès
3 is
4s
3 is

First

1951
1951
1955
1950

{Ils
} 1951
4s
1950

St. Louis Division
Cairo Bridge
Purchased Lines
Western Lines % .
Louisville Divisiont
Omaha Divisiont
Litchfield Division*
Collateral Trust ||
Kankakee & South Western R .R .

3 is
4s
3 is
3s

1952
1951
1953
1951
1951
1952
1921

4s

1918

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

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

. 3 Js
. '4s
. 5s
. 5s
. 3*3
. 4s

1952
1940
1931
1939
1951
1957

/4 s
• \ 5s
. 4s
. 4s

1938
1936
1926

.

6s

1927

First consolidated .

.

First

.
.

“

.
.

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

1928
1928
1917
1917
1917
1923
1923

L E H IG H V A L L E Y SYSTEM .
Lehigh Valley R .R .

.

.

.

.

.

First

LO U ISVILLE & N ASH V ILLE SYSTE M .
Louisville & Nashville R .R .

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 .

Unified .
General
First
Trust
Sinking fund .
General
—
—

—
—

.
.
.
.
.
—

—

First
“
“
First consolidated

.
.
.
.

TEM .
Michjgan
Michigan
Michigan
Michigan
Michigan
Michigan

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

First
“
“
11
“

,

t

1 M A R IE SYSTEM .
Minneapolis, St. Paul & Sault Ste. Marie R y.
Minneapolis & Pacific R y.
Minneapolis, Sault Ste. Marie & Atlantic R y.

M obile & Ohio R .R .

First consolidated
First

.

M O B ILE & OHIO SYSTE M .
First mortgage
LOUIS SYST E M .

Nash., Chat. & St. Louis R y.

it

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

ti

STEM.
New York Central & Hudson River R .R .

Lake Shore .
Michigan Central .

Debenture
. 4s
“
4s
Consolidation
4s
Refunding and improvement 4 is
Mortgage
. 3Js
First
. 3 |s
Collateral
. 3Js
. 3is
“

1934
1942
1998
2013
1997
1959
1998
1998

t Bonds do not cover 75 per cent, of the railroad owned in fee at the date of the mortgage b y the
railroad corporation on the railroad of which the mortgage is a lien.
* Secured on less than 100 mile3 of railroad.
II 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

BANK COMMISSIONER

No. 8.]

lv

N E W Y O R K C E N T R A L S Y S TE M — Concluded.
First general
Lake Shore & Michigan Southern R y.
Debenture
Beech Creek R .R .
M ohawk & Malone R y.

First

New York & Harlem R .R .I

Consolidated
Mortgage

Rome, W atertown & Ogdensburg R .R .

Consolidated

“
“
“
“
Terminal R .R .
N orwood & Montreal R .R .
Carthage, W atertown & Sacket’s Harbor R .R .
Utica & Black River R .R .
Carthage & Adirondack R y.
Gouverneur & Oswegatchie R .R .
New York & Northern R y.
New York & Putnam R .R .
Little Falls & Dolgeville R .R .
Kalamazoo & W hite Pigeon R .R .
Pine Creek R y.
.
.
.
.
Chicago, Indiana & Southern R .R .
Indiana, Illinois & Iowa R .R .
Jamestown, Franklin & Clearfield R .R .
Cleveland Short Line R y. .
Sturgis, Goshen & St. Louis R y.
Kalamazoo, Allegan & Grand Rapids R.R.*
Mahoning Coal R.R.*
Pittsburgh, McKeesport & Youghiogheny R.R.
Boston & Albany R .R .

First

3§s 1997
4s
1928
4s
1931
4s
1936
4s
1991
3|s 2002
3Js 2000
i5 s 1
4s : 1922
U è sJ 1
5s
1918
5s
1916
5s
1931
4s
1922
4s
1981
5s
1942
5s
1927
4s
1993
3s
1932
5s
1940
6s
1932
4s
1956
4s
1950
4s
1959
4Js 1961
3s
1989
5s
1938
5s
1934
6s
1932
3Js 1952
3Js 1951
4s
1933
4s
1934
4s
1935
4£s 1937
5s
1938
5s
1963

Consolidated
First

First consolidated
First

First

Plain

N O R F O L K & W 'ESTERN S Y S TE M .
Norfolk & Western R y.
.
.
.
.
.
.
.
Consolidated .
“
R .R . .
.
.
.
.
.
.
General
“
.
.
.
.
.
.
New River
“
.
.
.
.
.
.
.
Improve, and extension
Scioto Valley & New England R .R .
.
.
.
.
. First
Columbus Connecting & Terminal R .R .

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

N O R T H E R N PA C IF IC SYSTE M .
Refunding and improvem ent 4§s
General lien
3s
4s
“
“ St. Paul & Duluth Division
“
“
M
Prior lien
4s
6s
St. Paul & Northern Pacific R y.
53
St. Paul & Duluth R .R .
First
5a
Duluth Short Line R y .
5s
Second
St. Paul & D uluth R .R .
4s
Consolidated
4s
Washington & Columbia River R y.
First

t.

4« 44

Northern Pacific R y.

44

.4

Pennsylvania R .R
“
“

44
“
4
4

44
“
4
4

.

44
.

.

.

.

.

.

.

.

.

.

General
Consolidated

.

First
44
Second
First
Consolidated
First
“
General

.

44

.

44
44

.

.

.

Philadelphia & Erie R .R . .


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

•

•

•

“

.

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

.

.
.
.
.
.
.

2047
2047
1996
1997
1923
1931
1916
1917
1968
1935

5s
4s
4|s
3ès
4s
4 is
4s
5s
6s
5s
4s
4s
. 7s
. 3Js
f 6s
. { 5s
1 4s
4s

1919
1943
1965
1945
1948
1960
1936
1928
1938
1919
1928
1943
1917
1930

.
.
.
.

.

.

W est Chester R .R .
Western Pennsylvania R .R .
Pittsburgh, Virginia & Charleston R y.
South West Pennsylvania R .R . .
Junction R .R . .
.
.
.
.

Allegheny Valley R y.

.

PE N N S Y L V A N IA SYSTEM .
Consolidated

“
“
Sunbury & Lewiston R y.
Sunbury, Hazelton & Wilkesbarre R y.

.

—. —
— —

—
—

.

.

1996
1931
1932
1934
1989
1922

1920
1942

[Pub. Doc.

REPORT OF THE

Ivi

P E N N S Y L V A N IA S Y S T E M — Concluded.
Cambria & Clearfield R .R .
.
.
.
“
R y.
.
.
.
Clearfield & Jefferson R y. .
.
.
.
Pennsylvania & Northwestern R .R . .
.
Hollidaysburg, Bedford & Cumberland R .R .
United New Jersey R .R & Canal C o. .
.
(t
4«

(1
44

<<
44

“

“

44

44

44

44

44

44

44

44

44

44

.

.
.
.
.

.
.
.
.

.

.

.

5s
1941
4s
1955
6s
1927
5s
1930
4s
1951
4s
1923
4s
1929
4s
1944
4s
1948
3is 1951
4s
1936
3Ì3 1940
i 4ès\ 1942
t 3Js J
3Js 1948
3ès 1950

First
General
First
General
First
General
“

44
44

“

Delaware River R.R. & Bridge Co.*
Erie & Pittsburgh R.R.*
.
.
Cleveland & Pittsburgh R .R .
.
44

.
.
.

.

.

.

.

.
.

.
.
.

.
.

.

“
First
General

.
.
.

44
“

44

P H IL A D E L P H IA , B A L T IM O R E & W A S H IN G T O N S Y S T E M .

44

44

44

44

44

44

44

44

Philadelphia & Reading R .R .

.

4s
4s
4s
4s
4s

1943
1917
1922
1926
1932

5s

1933

First mortgage
First lien and refunding

4s
4s

1947
2008

First

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

1947
1927
1928
1940
1916
1939
1961

4s
4 is
4is
5s

1935
1937
1941
1942

5s

1928

5s
4s

1918
1922

5s
4*s
5s

1917
1921
1921

5s
5s
5s

1920
1923
1935

Mortgage

Philadelphia, Baltimore & Washington R .R .
Philadelphia, W ilmington & Baltimore R .R .

—
.

.

.

- '

—

-

-

-

R E A D IN G SYSTE M .
First
.
.
.
.

.

U N IO N P A C IFIC SYSTEM .
Union Pacific R .R .

.

.

.

.

.

.

.

.

M ISCELLAN EO US.
Boston Terminal Co. || || .
Boston, Revere Beach & L y D n R .R . .
Bridgton & Saco River R .R .
.
.
.
.
.
New London Northern R .R .
.
.
.
.
.
Narragansett Pier R .R .
.
.
.
.
.
.
New York & New England R.R.-Boston Terminal || ||
Portland Terminal Co.
.
.
.
.
.
.

Consolidated .
First

.
.
.

44
44

“

.

Street Railway Bonds.
BOSTON E L E V A T E D R A IL W A Y C O M P A N Y .
Boston Elevated Railway Company

44

44

44

.

.

.

.

.

44

Debenture

44
44

.........................
BO STO N & 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.

.

.

.

.

Refunding first mortgage

E A ST M ID D L E S E X S T R E E T R A IL W A Y C O M P A N Y .
East Middlesex Street R y. C o. .

.

.

.

.

.

F IT C H B U R G & L E O M IN S T E R S T R E E T
Fitchburg & Leominster Street R y. Co.

.

.

.

.

Leominster, Shirley & Ayer Street R y. Co. .

Plain

.

.

.

.

R A IL W A Y C O M P A N Y .
First mortgage
Consolidated mortgage
First mortgage

.

H O L Y O K E S T R E E T R A IL W A Y C O M P A N Y .
Holyoke Street R y. Co.
44

44

44

44

.

.

.

.

.

.

.

.

* Secured on less than 100 miles of railroad.


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

.
.

.
.

.

Debenture

44

First mortgage

|| |[ Legalized b y special act of General Court.

No. 8.]

lvii

BANK COMMISSIONER.

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
“
“
“
“
“

.
.

.

.

.
.

.
.

4s
5s
5s
5s

1923
1922
1926
1920

.

.

4Js

1934

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

.

.

.

.

.

.

Mortgage

.

W E S T E N D S T R E E T R A IL W A Y C O M P A N Y .
4s
1916
4s
1917
4jS 1923
4Js 1930
4s
1932
5s - 1916
5s
1917
5s
1918
5s
1932
5s
1944

Debenture

W est End Street R y. Co.

W O R C E S T E R C O N SO LID A TE 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.
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

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

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

4s

1929

5s

Gold mortgage
First
“
Debenture

onds.

Collateral trust

.

.

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

ABSTRACT OF AN N U AL REPORTS
OF THE

S

a y in g s

B

an k s
for

S

an d

I

n s t it u t io n s

a v in g s

,

S H O W IN G T H E IR

CONDITION AT THE


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

CLOSE OF BUSINESS

O c t o b e r 30, 1915.

o

[Pub. Doc.

REPO RT OF THE

ABINGTON SAVINGS BANK, ABINGTON.
6
Incorporated M arch 17, 1853.

CENTRE AVENUE.
Number of corporators, 67; number of trustees, 17.

W il l ia m J. C o u g h l a n , President.
D a v id V . P o o l e , Treasurer,
L e o n S. F a ib b a n k s , Clerk of the Corporation.

Board o f Trustees: W . B . A k n o l d , C . L . B a k e b , W . J. C o u g h l a n , C . H. E d s o n , G. R . F a r r a b ,
T . F . G il e s , I. C . H o w l a n d , G. W . K e l l e t , J. C . K im b a l l , W . E . L y o n , A . H. N a s h , W . S.
O ’B r ie n , C . M . P a c k a r d , D . V. P o o l e , J. W . S p r o u l , W . H. T h a y e r , F . G. W h e a t l e y .
Board of Investment: C . L . B a k e r , W . J. C o u g h l a n , W . S. O ’B r ie n , C . M . P a c k a r d , J. W . S p r o u l ,
F. G . W h eatley.

Auditing Committee: A . H . N a s h , C . M . P a c k a r d , W . E . L y o n .
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 30, 1915.
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
.
661 loans on real estate (average of each, $2,758.04) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.

.
.
.
.
.
.

.
.
.

.

.
.
.
.
.
.

.
.

.
.
.
.
.
.
.
.
.
.
.
.
$1,825,069 00
2,000 00

40 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $35,000; assessed value, $4-5,500)
Real estate b y foreclosure, etc. (assessed value, $46,600) .
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

$233,881
628,720
74,437
4,950
55,798
52,101
29,000

00
25
50
00
75
00
00

1,823,069
142,209
30,000
35,512
295
86,172
7,054

00
00
00
69
71
87
33

. $3,203,202 10

Liabilities.
Due depositors on 5,343 accounts, averaging $543.19 each
(Accounts opened during year, 343; closed, 357; decrease, 15)
Surplus: —
a. Guaranty fund 14-97% of deposits; increase during year, $1,431)
b. Profit and loss (increase during year, $14,563.08) .
Current income: —
a. Interest .
.
.
.
.
.
.
$16,147 69
b. Rent
.
.
.
.
.
.
.
174 13

Unearned discount

Total Liabilities .

$2,902,285 27
144,382 00
140,301 82

$16,321 82
418 81
------------------

Less current expenses not charged off


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

.

15,903 01
330 00

. $3,203,202 10

No.

3

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$3,385.64
$4,835.66
$532.00
Cost per $1,000 of assets
1.05
1.51
.16
Cost per $1,000 of assets not including State tax and rent .

-Advertising. Other Expenses.
Total.
$38.50
$958.23
$9,750.03
.01
.29
3 .02
1.81

Gross income received during the year, $151,894.99.

Rates on Investments and Loans (Average on All, 4.86%).
Real estate loans (average rate, 5.12 per cent.): 4)4% , $35,000; 5%, $1,510,401; 5)4% , $86,525; 6%,
$191,143.
Personal loans (average rate, 5.23 per cent.): 4 )4 % , $55,000; 5%, $29,975; 5)4% , $25,000; 6% , $16,234;
7%, $16,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): 3%, $30,000; 3)4% , $303,200;
4% , $556,900; 4)4% , $65,000; 5%, $121,600; 6%, $7,200; 8%, $2,300; 10%, $15,000; 16%,
$15,000.
Number of loans not over $3,000 each, 561, amounting to $714,708.
46 real estate loans made during year, amounting to $63,815.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2 )4%
.
.
.
.
.
Oct., 1 9 1 5 , 2 % ..........................................
Number of deposits during year, 2,226, amounting to
.
.
.
.
.

Number of withdrawals during year, 3,861, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$69,597 63
56,216 09
247,903 82

.

$373,717 54
330,222 38

.

$43,495 16

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 4s
20.000 Boston 4s
10.000 Los Angeles, Cal., 4)4s
20.000 New Bedford 4s
10.000 San Francisco, Cal., 5s
10.000 Seattle, Wash., 5s
10.000 Taunton 3)4s
8,200 Abington 3)4s
17.000 Abington 4s
5.000 Bedford 4s
5.000 Brookline 4s
10.000 Meriden, Ct., 3)4s
10.000 Middleborough 4s
3.000 Rockport 4s
10.000 Shelburne Falls 4s

Public Funds, Notes.
$30,000 Abington 4s
22,500 Hanover 4s
8,400 Scituate 4s

Railroad Bonds.
Par Value.
$50,000 Baltimore & Ohio 3)4s
15.000 Boston & Albany 4s
10.000 Boston & Lowell 3)4s
10.000 Boston & Lowell 4s
15.000 Boston & Maine 3)4s
75.000 Boston & Maine 4s
10.000 Boyer Valley 3)4s
20.000 C„ B. & Q. 3J4s
10.000 Chicago, Mil. & St. Paul 4)4s
30.000 Chicago & North West. 4s
7,000 Concord and Montreal 4s
35.000 Fitchburg 3)4s
17.000 Fitchburg 4s
30.000 Illinois Central 3s
30.000 Illinois Central 3)4s
15.000 Louisville & Nashville 5s
10.000 Minn., St. P. & S. S. Marie 4s
20.000 N. Y. C. & H. R. 4s
80.000 N. Y., N. H. & H. 3)4s
44.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
20.000 Old Colony 3Jl>s

D ates op E x a m in a t io n and A u d it , October 13-20 inclusive.


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

Par Value.
$28,000 Old Colony 4s
10.000 Pennsylvania 4)^s
25.000 Penobscot Shore Line 4s
12.000 Portland & R. Falls 4s
10.000 Vermont Valley 4J^s

Street Railway Bonds.
$25,000 Boston Elevated 4s
25.000 Boston Elevated 4)/£s
25.000 West End 5s

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
50 Second Nl. Bk., Boston
23 Webster & Atlas Nl. Bk., Boston
40 Brockton Nl. Bk.
32 Old Colony Nl. Bk., Plymouth

4

REPO RT OF THE

[Pub. Doc.

AMHERST SAVINGS BANK, AMHERST.
9

and 11 SOUTH PLEASANT STREET.

Incorporated April 5, 1864.

Number of corporators, 23; number of trustees, 13.

E . D . B a n g s , President.

W . T . C h a p in , Treasurer.
G eorge C u tler , Clerk o f the Corporation.

Board of Trustees: F. P. A in s w o r t h , E . D . B a n g s , E . P. B art l et t , F. A . C a d w e l l , H . T . C o w l e s ,
G eorge C u t le r , C. F. D e u e l , M . A. D ic k in so n , J. C. H a m m o nd , L. D . H il ls , G. S. K e n d r ic k ,
II. S. Sh ipm a n , E . M . W h itcom b .
Board of 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 u e l .
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 .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
.
.
.
.
968 loans on real estate (average of each, $8,085.27) .
.
.
.
.
.
54 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $30,000; assessed value, $19,000)
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.
.
.
.
.
.
.
.
.

.
.

.

.

.

$323,400 00
764,537 50
173,187 50
133,883 25
36,863 75
101,725 00
2,986,543 10
226,735 85
30,000 00
24,458 76
2,711 12

$4,804,045 83

Liabilities.
Due depositors on 8,790 accounts, averaging $491.18 each
.
.
.
.
.
(Accounts opened during year, 876; closed, 692; increase, 184)
Surplus: —
a. Guaranty fund (4-93% o f deposits; increase during year, $6,810.03) .
.
.
b. Profit and loss (increase during year, $10,474-00) .
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
$87,756 19


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

$4,317,553 76

213,219 46
184,865 96

88,406 65

Total Liabilities

.

. $4,804,045 83

No. 8.]

5

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$4,624.45 $8,639.64
$1,500.00
$835.07 $15,599.16
Cost per $1,000 of assets
.96
1.79
.31
.17
3.23
Cost per $1,000 of assets not including State tax and rent .
1.96
Gross income received during the year, $223,489.39.

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate 5 per cent.): 4 )4% , $56,700; 4 % % , $11,000; 5%, $2,860,675.10; 5)4% ,
$13,465; 6%, $44,703.
Personal loans (average rate, 4.81 per cent.): 3%, $42,000; 4 )4 % , $60,000; 5%, $25,000; 5)4% ,
$55,929.85; 6%, $43,806.
Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cent.): 3%, $25,000; 3)4% , $215,000;
4%, $703,400; 4M % , $25,000; 4)4% , $357,000; 5%, $139,200; 6%, $29,000; 7%, $10,600; 8%,
$28,500; 10%, $17,300; 12%, $400.
Number of loans not over $3,000 each, 761, amounting to $1,010,223.95.
186 real estate loans made during year, amounting to $270,591.15.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan. 1915, 2)4%
July, 1915, 2%
Number of deposits during year, 5,877, amounting to

$90,943 22
82,472 82
545,462 41
$718,878 45
553,738 83

Number of withdrawals during year, 6,467, amounting to
N et increase in amount due depositors

$165,139 62

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Boston 4s
25.000 Boston 4)4s
25.000 Duluth, Minn., 4)4s
25.000 Hartford, Conn., 4)4s
25.000 Holyoke 4s
25.000 Los Angeles, Cal., 4)4s
25.000 Omaha, Neb., 4)4s
25.000 San Francisco, Cal., 5s
25.000 Seattle, Wash., 5s

Par Value.
$95,000 Boston & Maine 4)4s
35.000 C., B. & Q. 3)4s
50.000 C., B. & Q. 4s
25.000 Chic., Mil. & St. Paul 5s
92.000 Fitchburg 4s
75.000 Fitchburg 4)4s
25.000 Fitchburg 5s
25.000 Illinois Central 3s
25.000 N. Y „ N. H. & H. 3)4s
125,000 N. Y., N. H. & H. 4s
25.000 Portland Terminal Co. 4s

Public Funds, Notes.
$57,200 Amherst 4s
12.000 Amherst 4)4s
4,200 Pelham 4s

Railroad Bonds.
$25,000 Boston & Albany 4s
20.000 Boston & Maine 3)4s
135,000 Boston & Maine 4s

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

D ates of E x a m in a t io n , December 9 -1 1 inclusive.


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

Bank Stocks.
Shs.
100 First Nl. Bk., Amherst
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 Nat. Bk. of Commerce, New Lon­
don, 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

6

[Pub. Doc.

REPORT OF THE

ANDOVER SAVINGS BANK, ANDOVER.
MAIN STREET.
Incorporated April 2, 1834.
J o h n H . F l in t , President.

Number of corporators, 31; number of trustees, 16.

F r e d e r ic S. B o u t w e l l ,' Treasurer.
B u r t o n S. F l a g g , Clerk of 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. F a m e s , B . S.
F l a g g , J. H . F l i n 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 S h 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 . S t 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 1 2 m .; the third W ednesday of March, June, September and Decem­
ber, 9 a . m . to 12 m .; 2 to 4 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
1,053 loans on real estate (average of each, $2,647.36)
Less amount due on uncompleted loans .

$689,386
900,724
130,150
20,000
75,046
142,300
10

75
37
00
00
25
00
00

2,787,667
607,090
23,180
3,822

01
00
26
61

$2,803,254 01
15,587 00

70 loans on personal security
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

Total Assets

. $5,379,377 25

Liabilities.
Due depositors on 9,172 accounts, averaging $526.20 each
(Accounts opened during year, 844: closed, 685; increase, 159)
Surplus: —
a. Guaranty fund (4-98% of deposits; increase during year, $6,000)
b. Profit and loss (increase during year, $23,832.20) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

$4,826,317 50
240,500 00
228,465 79

$87,978 74
3,884 78
84,093 96

Total Liabilities .

.

.

.

.

$5,379,377 25

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
Amount paid for
$7,932.53
$8,220.00 $1,740.00
$231.07
$1,870.92 $19,994.52
Cost per $1,000 of assets
1.47
1.53
.32
.04
‘
.35
3.71
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.92
Gross income received during the year, $252,616.33.


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

BANK COMMISSIONER.

No. 8.]

7

Rates on Investments and Loans (Average on All, 4.77%).
Real estate loans (average rate, 5.01 per cent.): 4 )£ % , $102,000; 5%, $2,581,840.01; 5)4% , $37,071;
6%, $66,756.
Personal loans (average rate, 4.57 per cent.): 4M % , $13,000; 4% % , $25,000; 4 )4%> $447,295; 4 M%>
$73,500; 5%, $45,000; 6%, $3,100; 6)4% , $195.
Bonds, stocks, etc. (average rate on amounts invested, 4.51 per cent.): 3%, $200; 3)4% , $193,000; 4%,
$1,086,000; 4M % , $80,000; 4)4% , $230,000; 5%, $206,100; 5)4% , $30,000; 6%, $40,000; 7%,
$2,000; 8%, $76,100; 10%, $8,000; 12%, $11,000; 14%, $10,500; 15%, $600.
Number of loans not over $3,000 each, 813, amounting to $1,340,774.01.
107 real estate loans made during year, amounting to $275,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1914, 2%
June, 1915, 2%
Number of deposits during year, 7,535, amounting to

$91,850 07
93,186 37
508,944 34

Number of withdrawals during year, 5,940, amounting to

$693,980 78
559,923 37

N et increase in amount due depositors

$134,057 41

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$200 United States 3s
25.000 Massachusetts 3J4s
50.000 Massachusetts 4s
25.000 Boston 3)4s
15.000 Boston 4 Ms
45.000 Brockton 4s
15.000 Canton, 0., 5)4s
25.000 Chelsea 3)4s
24,500 Chicago, 111., 4s
5.000 Chicago, 111., 4)4s
15.000 Cleveland, 0., 4)4s
15.000 Dayton, 0., 5)4s
10.000 Fall River 4s
15.000 Jersey City, N. J., 4)4s
10.000 Lawrence 4s
15.000 Los Angeles, Cal., 4)4s
5.000 Milwaukee, Wis., 4)4s
15.000 Minneapolis, Minn., 4s
15.000 New Bedford 4s
15.000 Omaha, Neb., 4)4s
10.000 Pittsburgh, Pa., 4)4s
15.000 Pittsfield 4s
20.000 Portland, Ore., 4)4s
10.000 Providence, R. L, 4s
25.000 Rochester, N. Y., 4)4s
21.000 San Francisco, Cal., 5s
15.000 Seattle, Wash., 4)4s
10.000 Seattle, Wash., 5s
25.000 So. Norwalk, Conn., 4)Ms

D

ates

of

E x a m in a t io n ,


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

Par Value.
$15,000 Toledo, 0., 4)4s
10.000 Amesbury 4s
53.000 Andover 3J4s
29.000 Andover 4s
10.000 Methuen 4s
20,500 North Andover 4s 10.000 Palmer 4s
20.000 Kennebec, Me. (W. D.), 3Ks
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 4M>s
15.000 B. & N. Y. Air Line 4s
75.000 Concord & Montreal 4s
20.000 Conn. & Pass. Rivers 4s
25.000 Danbury & Norwalk 5s
25.000 Fitchburg 4s
40.000 Holyoke & Westfield 4Ms
35.000 Illinois Central 4s
7.000 Louisville & Nashville 6s
5.000 Me. Cent. & E. & N. A. 4s
25.000 Manchester & Law. 4s
15.000 Montana Central 6s
25.000 N. Y. Cent. & Hud. Riv. 4s
25.000 N. Y., N. H. & H. 3^s
90.000 N. Y „ N. H. & H. 4s

March 8-10 inclusive.

Par Value.
$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 4)^s
25.000 Boston & Northern 4s
2,000 Lowell, Law. & Haverhill 5s
25.000 West End 4)4s
10.000 West End 5s
10.000 Wore. Consd. 4}4s
10.000 Wore. Consd. 5s

Bank Stocks.
Shs.
180 Andover Nl. Bk.
32 Boylston Nl. Bk., Boston
25 Commonwealth Trust Co., Boston
105 First Nl. Bk., Boston
80 Merchants Nl. Bk., 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
20 Warren Nl. Bk., Peabody

[Pub. Doc.

REPORT OF THE

ARLINGTON FIVE CENTS SAVINGS BANK, ARLINGTON.
622 MASSACHUSETTS AVENUE.
Incorporated April 2, 1860.
G eor ge H il l ,

Number of corporators, 36; number of trustees, 16.

President.
A rthur

J. W

e l l in g t o n ,

W il s o n D . C l a r k , Jr., Treasurer.
Clerk of the Corporation.

Board o f Trustees: C. W . A l l e n , L. B. C a r r , E . S. F e s s e n d e n , J. R . F o s t e r , R . D . G r e e n e ,
G e o r g e H i l l , H e n r y H o r n b l o w e r , M . E . M o o r e , B . A . N o r t o n , J. P . P a r m e n t e r , 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 i n g t o n , O. W . W h it t e m o r e .
Board of 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 , H . G . P o r t e r .
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 .; Sat­
urdays, 9 a .m . to 12 m .; 7 to 9 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
Stocks of banks and trust companies,
.
.
.
.
423 loans on real estate (average of each, $4,398.67) .
Less amount due on uncompleted loans .
.
.
.

.
.
.
.
.

14 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $25,000; assessed value,
Real estate b y foreclosure, etc. (assessed value, $33,000)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
.

Total Assets

$675,730
370,925
61,775
6,473

00
00
00
71

1,860,637
112,500
100
29,389
62,222
4,267

11
00
00
67
28
77

11
00

$3,184,020 54

Liabilities.
Due depositors on 7,395 accounts, averaging $388.20 each
(.Accounts opened during year, 756; closed, 595; increase, 161)
Surplus: —
a. Guaranty fund (4.97% o f deposits; increase during year, $6,433.63)
b. Profit and loss (increase during year, $16,570.21) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.

Total Liabilities .

$2,870,747 80
142,736 31
157,240 87
13,295 56

$3,184,020 54

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$3,059.20 $7,083.12 $1,000.00
$80.75
$1,596.70
$12,819.77
Cost per $1,000 of assets
.96
2.22
.31
.03
.50
4 .0 2
Cost per $1,000 of assets not including State tax and rent
.
.
.
.
.
.
2 .75
Gross income received during the year, $145,463.56.


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

No. 8.]

BANK COMMISSIONER.

9

Rates on Investments and Loans (Average on All, 4.85%).
Real estate loans (average rate, 5 .0 7 per cen t.): 4 Y?,%, $5,200; 5%, $1,576,627.11; 5M % , $133,375; 5 ^ % ,
$110,000; 6%, $33,435; 6 H % , $1,400; 7%, $600.
Personal loans (average rate, 5.41 per cen t.): 5%, $14,000; 5 }i% , $18,000; 5b£%, $78,500; 6%, $2,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.42 per cent ) ; 3J^%, $52,000; 4% , $745,150;
4 V2%, $76,500; 4 % % , $10,000; 5%, $87,500; 6%, $150,100; 8%, $4,600.
Number of loans not over $3,000 each, 208, amounting to $179,662.11.
55 real estate loans made during the year, amounting to $259,950.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 7,042, amounting to
.

.

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

Number of withdrawals during year, 5,240, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.
.

$53,071 67
54,387 68
431,158 90
$538,618 25
422,868 78
$115,749 47

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 Belfast, Me., 4s
10.000 Beverly 4s
50.000 Boston 4s
20.000 Brockton 4s
20.000 Burlington, Vt., 4s
1.000 Chelsea 4s
2.500 Dayton, 0., 5s
50.000 Fall River 4s
4.000 Fitchburg 4s
5,625 Gloucester 4s
5.000 Hamilton, 0., 5s
15.000 Indianapolis, Ind., 4s
1.000 Lewiston, Me., 5s
20.000 Los Angeles, Cal., 4J^s
32.000 Lynn 4s
5.000 Malden 4s
10.000 Melrose 4s
15.000 New Bedford 4s
16.000 New London, Ct., 4s
10.000 Omaha, Neb., 4}4s
6.000 Rochester, N. H., 4s
10.000 Somersworth, N. H., 4s
10.000 So. Norwalk, Ct., 4s
3.000 Springfield, 0., 4J^s
12.000 Wallingford, Ct., 4s
5.000 Waterbury, Ct., 4s
1.500 Youngstown, 0., 4Hs
14,500 Amesbury 4s
52.000 Arlington 3J^s
19.000 Arlington 4s
11.000 Arlington 4 ^ s
5.000 Attleborough 4s

D

ates

of

E x a m in a t io n ,


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

Par Value.
$25,000 Concord 4s
2.000 Cranston, R. I., 4s
15.000 Gardner 4s
9.000 Lexington 4s
4.500 Longmeadow 4s
12.000 Methuen 4s
9.000 Rockport 4s
2.000 Russell 4s
15.000 Waltham 4s
4.000 Westfield 4s
4.000 Winchester 4s
15.000 Augusta, Me. (W. D.), 4s

Public Funds, Notes.
$10,000 Adams 4s
16.000 Arlington 4s
9.000 Barnstable 4s
10.000 Bourne 4%s
5.000 Dartmouth 4s
7.500 Duxbury 4s
16.000 Hull 4s
1.000 Medfield 4J^s
1.500 Randolph 4s
21,125 Revere 4s
4.000 Swansea 4s
6,400 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
April 30, M ay 1.

Par Value.
$5,000 Chic. & Northwest. 4s
25.000 C., St. P., Minn. & O. 6s
35.000 Concord & Montreal 4s
8.000 Fitchburg 4s
30.000 Fre., Elk. & Mo. Val. 6s
4.000 Louisville & Nashville 5s
7.000 Louisville & Nashville 6s
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
4.000 Ohio River 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. 4^3
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 4J£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
6 Dedham Nl. Bk.

10

REPORT OF THE

[Pub. Doc.

ASSABET INSTITUTION FOR SAVINGS, MAYNARD.
MAIN STREET.
Incorporated M arch 31, 1904.

C larence

Number of corporators, 33; number of trustees, 18.

J. B o d f i s h , President.
H

oward

A rthur
A. W

il s o n ,

E. W

alk er,

Treasurer.

Clerk of the Corporation.

Board of Trustees: J. R . B e n t , C . J. B o d f i s h , W . B. C a s e , B. J. C o u g h l a n , J. W . F l o o d , O. S.
F o w l e r , G . H . G u t t e r i d g e , W . H . G u t t e r i d g e , A . G . H a y n e s , A. T . H a y n e s , F . W . H o i t ,
S. R . K i t 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. S t 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 i s h , C. H . P e r s o n s , A . G. H a y n e s , O. S. F o w l e r , S. R . K i t c h e n .
Auditing Committee: W . H . G u t t e r i d g e , W . B . C a s e , T. F . P a r k e r .
Deposits draw interest from first day of January, April, July and October; dividends are payable
the Thursday after the first Wednesday of January and July. Business hours, 9 a . m . to 3 p . m . ;
also Fridays, 7 to 8 p . m . , and Saturdays, 9 a . m . to 4 p . m . and 7 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
87 loans on real estate (average o f each, SI ,268.33) .
Less amount due on uncompleted loans .
.
.

.
.
.

.
.
.
.
.

.
.

.
.
.
.
.

.
.
.

.
.
.
.
.
.
$111,695 00
1,350 00

$14,962 75
6,457 35
2,727 50

110,345
32,910
1,472
8,597
1,997

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

Total Assets

.

.

.

.

.

00
00
40
13
30

$179,469 43

Liabilities.
Due depositors on 1,098 accounts, averaging $157.50 each
{Accounts opened during year, 385; closed, 156; increase, 229)
Surplus: —
a. Guaranty fund {1.03% o f deposits; increase during year, $345)
h. Profit and loss {increase during year, $778.63)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount


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

.

.

.

.

.

.

.

$172,937 59
1,795 00
4,512 01
$681 53
589 04
92 49
102 34

.

Total Liabilities .

.

.

.

.

$179,469 43

No. 8.]

11

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$233.64
$625.00
$112.50
Cost per $1,000 of assets
1.28
3 .4 8
.62
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$26.60
$205.50
$1,203.24
.15
1.15
6.68
.
.
.
.
.
4.78

Gross income received during the year, $6,879.39.

Rates on Investments and Loans (Average on All, 5.19%).
Real estate loans (average rate, 5.35 per cen t.): 5%, $51,243; 5J^%, $2,650; 5J^%, $37,850; 6%, $18,602.
Personal loans (average rate, 5.22 per cent.); 4%, $5,000; 4M % , $4,000; 5%, $8,000; 5J^%, $5,000;
6%, $10,910.
Bonds, stocks, etc. (average rate on amounts invested, 4.46 per cent.): 3J^%, $6,500; 4% , $11,500;
4 y2% , $2,000; 5%, $6,000.
Number of loans not over $3,000 each, 114, amounting to $112,605.
20 real estate loans made during year, amounting to $18,893.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 1,683, amounting to
.

Number of withdrawals during year, 683, amounting to
Net increase in amount due depositors

.

.

.
.
.

.
.

.
.

.
.

.
.

.

.
.

.
.

.

.
.

.
.

$2,123 12
2,504 38
86,835 38

.

.
.

.
.

SCHEDULE OF SECURITIES OWNED.
Street Railway Bonds.

Railroad Bonds.
Par Value.
$4,000 Baltimore & Ohio 3Ks
4.000 Bangor & Aroostook 5s
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 3J£s
1.000 Upper Coos 4s

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 ,

Par Value.
$1,000 Boston Elevated 4s
2.000 Boston Elevated 5s
2.000 Boston & Northern 4s
2.000 West End 4s

M ay 3 - 6 inclusive.

$91,462 88
36,443 89
$55,018 99

12

REPO RT OF THE

[Pub. Doc.

ATHOL SAVINGS BANK, ATHOL.
384 MAIN STREET.
Incorporated February 12, 1867.

L evi B. Fa y ,

Number of corporators, 52; number of trustees, 13.

President.

W
F r a n k S. P a r m e n t e r ,

il l ia m

G. A v e r y , Treasurer.

Clerk o f the Corporation.

Board of Trustees: C . F . A m s d e n , W . G. A v e r y , 0 . T . B r o o k s , L . B . F a y , G. C . L o n g l e y , L u c ie n
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 , E. W . 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 u c ie n L o r d , P. B. S w i f t , E. W . T y l e r .
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 day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 3.30 p . m .; Saturdays, 9 a . m . to 12.30 p . m .; also
Thursdays, 7 to 8.30 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
1
.
.
.
.
Railroad bonds and notes
.
Street railway bonds
.
.
.
.
.
.
.
Boston Terminal C o. bonds .
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
365 loans on real estate (average of each, $7,196.54) .
68 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, 8225)
Suspense account
.
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash

Total Assets

.

.

.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.
.

.
.
.

.
.

.

.

.

.

.

.

.

.

$184,750
680,168
101,175
50,000
75,740
39,422
2,626,738
434,850
25
1,797
138,501
971

.
.
.
.

.

.

.

.

00
75
00
00
63
00
43
00
00
80
26
50

$4,334,140 37

Liabilities.
Due depositors on 9,324 accounts, averaging $415.74 each
.
.
.
.
.
{Accounts opened during year, 1,071; closed, 842; increase, 229)
Surplus: —
a. Guaranty fund {4.90% of deposits; increase during year, $2,395.25) .
.
.
h. Profit and loss {increase during year, 825,147.23) .
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$77,128 72
Less current expenses not charged off
.
.
.
.
3,621 12
-----------------------


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

Total Liabilities .

$3,876,340 97

190,233 10
194,058 70

73,507 60

. $4,334,140 37

13

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Total.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
$16,123.28
Amount paid for
$4,838.81
$9,193.50
$660.00
$148.16
$1,282.81
3.71
C ost per $1,000 of assets
1.12
2 .1 2
.15
.03
.29
2.44
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
Gross income received during the year, $204,082.16.

Rates on Investments and Loans (Average on All, 5%).
Real estate loans (average rate, 4.99 per cent.): 434%. $346,800; 454%, $105,500; 5%, $1,946,247.93;
534%, $95,800; 6%, $132,390.50.
Personal loans (average rate, 5.45 per cent.): 454%. $25,000; 5%, $131,875; 5J4%. $33,800; 5)4% .
$62,000; 554%, $72,000; 6%, $110,125.
Bonds, stocks, etc. (average rate on amounts invested, 4.84 per cent.): 3)4% , $135,000; 4% , $469,000;
4 )4 % , $25,000; 434%, $112,250; 5%, $110,000; 6%, $250,000; 7%, $20,000; 8%, $30,000; 10%,
$9,100.
Number of loans not over $3,000 each, 302, amounting to $343,488.43.
26 real estate loans made during year, amounting to $181,100.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Extra dividends declared during year,
Jan., 1915, J4%
July, 1915, } 4 %
Number of deposits during year, 7,077, amounting to
.

.
.
.
.
.
....................
73,757
•
•
•
•
•
.................................. 9.184
.
.
.
.
.

Number of withdrawals during year, 6,410, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$72,514 58
05
9,029 68
70
528,304 83

.

$692,790 84
528,346 49

.

$164,444 35

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 California 4s
10.000 Massachusetts 334s
10.000 Boston 4s
14.000 Brockton 4s
10.000 Dubuque, la., 4s
5.000 Grand Rapids, Mich., 4)4s
10.000 Indianapolis, Ind., 4s
25.000 Los Angeles, Cal., 434s
25.000 Lynn 43£s
25.000 Worcester 334s
5.000 Lenox 4s

Public Funds, Notes.
$20,000 Athol 4s
2,250 Athol 434s

D

ates

of

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$10,000 Baltimore & Ohio 334s
5,000 Boston & Albany 4s
35.000 Boston & Albany 5s
20.000 Boston & Maine 434s
15.000 Chicago, Mil. & Puget S. 4s
25.000 Chic., Mil. & St. Paul 4s
25.000 Chicago & Northwestern 5s
50.000 Chicago, R. I. & Pacific 4s
25.000 Chicago, R. I. & Pacific 6s
10.000 Connecticut River notes 6s
75.000 Fitchburg 4s
25.000 Fitchburg 434s
40.000 Illinois Central 334s
25.000 Illinois Central 4s
50.000 Louisville & Nashville 6s
25.000 Montana Central 6s
25.000 N. Y., Lack. & West. 6s
50.000 N. Y., N. H. & H. 4s
50.000 N. Y., N. H. & H. 6s

October 28, 29.

Par Value.
$25,000 No. Maine Seaport 5s
5,000 Northwestern Union 7s
40.000 St. Paul, Minn. & Man. 6s
25.000 St. Paul & North. Pacific 6s
15.000 Troy & Boston 7s

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

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.

REPO RT OF THE

14

[Pub. Doc.

ATTLEBOROUGH SAVINGS BANK, NORTH ATTLEBOROUGH.
48

NORTH WASHINGTON STREET.

Branch Office: 1 North Main Street, Attleboro.
Incorporated February 2, 1860.
A lbert T

otten,

Number of corporators, 86; number of trustees, 17.

President.
A rthur

E . K i n g , Treasurer.

E dward

E . C o d d in g , Clerk of the Corporation.

Board o f Trustees: W . B . B a l l o u , T . S. C a r p e n t e r , G . W . C h e e v e r , A . E . C o d d in g , C . W . F i s h e r ,
W . H . G o f f , G . H . H e r r i c k , E . L. H i x o n , J. F . M a s o n , C . T . P a t e , O. P . R ic h a r d s o n , M . E.
R o w e , F. E. S t u r d y , E. A . S w e e n e y , A l b e r t T o t t e n , J. E . T w e e d y , G . K . W e b s t e r .
Board of Investment: G. W . C h e e v e r , W . H . G o f f , E. L. H i x o n , O. P. R ic h a r d s o n , M . E . R o w e ,
F.
E . St u r d y , A l b e r t T o t t e n .
Auditing Committee: A. E . C o d d in g , O. P. R ic h a r d s o n , J. E . T w e e d y .
Deposits draw interest from first day of January, April, July and October; dividends are payable
April 15 and October 15. Business hours: 9 a . m . to 3 p .m .; Saturdays, 9 a . m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
.
.
729 loans on real estate {average of each, $2,734-64) .
.
.
.
.
.
91 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $30,000; assessed value, $27,580)
Real estate b y foreclosure, etc. (assessed value, $165,425) .
.
.
.
.
Taxes, insurance, etc., paid on m ortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.
.
.
.
.
.
.
.
.
.

$25,000
330,037
100.970
10,000
54,720
6,250
37,703
1,993,554
841,570
20,000
70,647
125
84,804
4,401

.
.
.
.
.

00
00
00
00
00
00
10
99
00
00
36
88
94
14

.

.

.

$3,579,784 41

.

.

.

$3,213,846 48

Liabilities.
Due depositors on 7,605 accounts, averaging $422.60 each
.
.
(Accounts opened during year, 855; closed, 970; decrease, 115)
Surplus: —
a. Guaranty fund (4.96% of deposits; increase during year, $1,700)
b. Profit and loss (decrease during year, $9,137.79)
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses and rent account not charged off
.
.

.
.

.
.

.
.

$11,049 23
1,801 62
----------------------Unearned d i s c o u n t ....................................................................................................................


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

Total Liabilities .

159,500 00
167,190 32

9,247 61
30,000 00

. $3,579,784 41

15

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Am ount paid for
$5,277.84
$5,389.11 $1,254.93
$3,272.79 $15,194.67
Cost per $1,000 of assets
1.47
1.50
.35
.91
4 .23
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.41
Gross income received during the year, $174,795.06.

Rates on Investments and Loans (Average on All, 5.15%).
Real estate loans (average rate, 5.52 per cent.): 4% , $17,650; 5%, $823,849; 5hi% , $194,450; 6%,
$957 605 99.
Personal loans (average rate, 4.65 per cent.): 4%, $73,000; 4h£%, $125,000; 4%i%, $262,000; 4% % ,
$45,000; 4 % % , $138,500; 5%, $129,700; 5H % , $25,000; 5 % % , $4,000; 6%, $39,370.
Bonds, stocks, etc. (average rate on amounts invested, 4.60 per cen t.): 2%, $18,000; 3%, $60,000; 3 K % ,
$190,000; 4%, $165,000; 4 ^ % , $50,000; 5%, $107,000; 6%, $49,120.
Number of loans not over $3,000 each, 588, amounting to $860,334.99.
65 real estate loans made during year, amounting to $79,855.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2J^%
Oct., 1915, 2>^%
Number of deposits during year, 7,142, amounting to
.

.
.
.
.
.
*..........................................
.
.
.
.

Number of withdrawals during year, 8,439, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

$75,004 21
76,247 37
528,386 42

.

$679,638 00
619,696 62

.

$59,941 38

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 San Francisco, Cal., 5s

Railroad Bonds.
$25,000 Boston & Albany 3bis
30,000 Boston & Maine 3his

D ates

of

E

x a m in a t io n ,


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

Street Railway Bonds.
Par Value.
$50,000 C., B. & Q. 3his
Par Value.
50.000 Chicago, Mil. & St. Paul 4his $50,000 Boston Elevated 5s
»
25.000 Fitchburg 4s
30.000 Boston & Northern 4s
30.000 Fitchburg 5s
30.000 Old Colony 4s
60.000 Illinois Central 3s
25.000 Illinois Central 3pis
Bank Stocks.
50.000 N. Y., N. H. & H. 3Ms
Shs.
50 Manuf. Nl. Bk., No. Attleborough
September 7-10 inclusive.

16

REPORT OF THE

[Pub. Doc.

BARRE SAVINGS BANK, BARRE.
Incorporated M ay 1, 1869.
C . H . F o llan sby,

Number of corporators, 40; number of trustees, 17.

President.

M . B. H ancock,

H a k d in g J e n k i n s ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: A . F. A d a m s , C . F. A t w o o d , J. C . B a r t h o l o m e w , G. W . C o o k , C. H. F o l l a n s b y ,
C. A . G l e a s o n , L. M . H a n f f , G. N. H a r w o o d , J. N. H i l l m a n , H a r d in g J e n k i n s , IB L. P i e r c e ,
G.
F. R i c e , C . S . R o o t , G. R . S i m o n d s , J. L. S m i t h , A . G. W i l l i a m s , A . S. W o o d w a r d .
Board of Investment: C . F. A t w o o d , J. C. B a r t h o l o m e w , G. W . C o o k , C. H. F o l l a n s b y , G. N .
H arwood.

Auditing Committee: J. C . B a r t h o l o m e w , H a r d in g J e n k i n s , A . G . W

il l ia m s .

Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable
January 15 and July 15. Business hours: 9 a . m . to 12 M .; 1 to 3 p . m .; Saturdays, 9 a . m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
......................................................................................................... $68,700 00
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
224,100 00
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
36,354 00
American Tel. & Tel. Co. b o n d s ............................................................... ..........
.
.
13,500 00
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
11,882 00
227 loans on real estate (average o f each, $ 8 ,0 8 4 .2 6 )...............................................................
688,777 50
3 loans on personal security
.
.
.
.
.
.
.
.
.
.
23,950 00
Bank building and fixtures (estimated value, $10,000; assessed value, $6,800)
.
.
4,000 00
Deposits in national banks or trust companies
.
.
.
.
.
.
.
32,601 94
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
598 81

Total A s s e t s .......................................$1,104,464 25

Liabilities.
Due depositors on 2,184 accounts, averaging $455.29 each
(Accounts opened during year, 287; closed, 166; increase 121)
Surplus: —
a. Guaranty fund (4-81% of deposits; increase during year, $2,750)
b. Profit and loss (increase during year, $4,580.90)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$661 12
Less State or local taxes not charged off .
.
115 60

$994,351 95

47,800 00
57,505 09
$5,347 95

776 72
4,571 23
235 98

Suspense account


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

Total Liabilities .

. $1,104,464 25

No. 8.]

BANK COMMISSIONER.

17

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising.
Amount paid for
$1,456.68 $1,700.00
$250.00
Cost per $1,000 of assets
1.32
1.54
.23
Cost per $1,000 of assets not including State tax and rent .

Other Expenses. Total.
$643.55
$4,050.23
.58
3.67

2.12

Gross income received during the year, $49,794.61.

Rates on Investments and Loans (Average on All, 4.99%).
Real estate loans (average rate, 5.31 per cent.): 5%, $410,744; 5M % , $28,000; 5j^% , $85,550; 6%,
$164,483.50.
Personal loans (average rate, 6 per cent.): 6%, $23,950.
Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cent.): 3%, $30,000; 3J^%, $65,000;
3M % , $8,000; 4%, $140,700; 4>^%, $35,000; 5%, $75,200; 8%, $5,000; 12%, $3,400.
Number of loans not over $3,000 each, 187, amounting to $197,212.50.
40 real estate loans made during year, amounting to $152,935.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2 M %
July, 1915, 2 }4%
Number of deposits during year, 1,645, amounting to

$19,896 26
20,557 54
141,372 16
$181,825 96
96,690 69

Number of withdrawals during year, 1,061, amounting to
Net increase in amount due depositors

$85,135 27

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Railroad Bonds.

Par Value.
$5,000 Washington County, Me., 4s
10.000 Wilkes-Barre, Pa.,
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.
$8,000 Barre 3%s
1,000 Barre 4s

D

ate

of

E

x a m in a t io n ,


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

Par Value.
$15,000 Boston & Maine 4s
10.000 Boston & Maine 4}4s
5.000 C., B. & Q. 3J^s
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 3J^s
10.000 N. Y., N. H. & H. 3J^a
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}4>s

July 19.

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 4)^s
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 Nl. Bk., Boston
25 Eliot Nl. Bk., Boston
32 Nl. Bk. of Commerce, Boston
I 50 Market Trust Co., Boston
34 Second Nl. Bk., Boston
7 Ware Nl. Bk.

18

REPORT OF THE

[Pub. Doc.

»

BASS RIVER SAVINGS BANK, SOUTH YARMOUTH.
BRIDGE STREET.
Incorporated April 15, 1874.

Number of corporators, 38; number of trustees, 18.

C h a r l e s G. B a k e r , President.
H ir a m D . L o s in g , Treasurer.
M a n t o n H . C r o w e l l , Clerk of the Corporation.

Board of Trustees: C . G. B a k e r , C. E. C r o w e l l , H. C. C r o w e l l , J. W . C r o w e l l , M . H. C r o w e l l ,
O . L. C r o w e l l , J. P. E d w a r d s , H. E . G a r f ie l d , E . L. J e n k in s , J. H. J e n k s , Jr., M . F . J o n e s ,
E. D . K e l l e y , G. H. L o r in g , H. D . L o s i n g , E. C. M a t t h e w s , C. F. P u r r in g t o n , D . F. S e a r s ,
H. H. S e a r s .
Board of Investment: C. G. B a k e r , H. H. S e a r s , G. H. L o r in g , E . L . J e n k in s , J. P. E d w a r d s .
Auditing Committee: E . L. J e n k in s , J. H . J e n k s , Jr., C. E. C r o w e l l .
Deposits draw interest from first day of January, April, July and October; dividends are payable April
1 and October 1. Business hours: 9 a .m . to 12 m .; 2 to 4 p.m.; Saturdays, 9 a .m . to 12.30 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
302 loans on real estate (.average of each, $l,481f.18) .
34 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $7,200)
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.

.
.
.
.
.

.

.

.
.
.
.
.

.

.

.
.
.
.
.

.

.

.
.
.
.
.
.

.

.

.

$733,006 14

Due depositors on 1,743 accounts, averaging $380.61 each
.
.
.
(Accounts opened during year, 120; closed, 129; decrease, 9)
Surplus: —
a. Guaranty fund {5.01% of deposits; increase during year, $1,500)
b. Profit and loss (decrease during year, $989.81)
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
.

.

.

$663,412 41

.

.

33,250 00
33,433 91

.

.

.

.

.
.

Total Assets

.

00
75
80
50
00
25
50
00
00
53
81

.
.
.
.
.

.

.

$10,000
126,893
20,759
9,133
3,000
911
448,224
82,077
3,962
25,149
2,894

.
.
.

.
.

.
.

.

.

.

.

Liabilities.

$3,080 47
172 55
2,907 92
1 90

Unearned discount


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

Total Liabilities .

.

.

.

.

$733,006 14

19

BANK COMMISSIONER.

No.

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net).
Amount paid for
$962.12 $2,774.30
$100.00
Cost per $1,000 of assets
1.31
3 .7 8
.14
Cost per $1,000 of assets not including State tax and rent

Advertising. Other Expenses. Total.
$511.58
$4,374.00
$26.00
.69
5 .9 5
.03
4 .5 0

Gross income received during the year, $35,520.38.

Rates on Investments and Loans (Average on All, 5.20%).
Real estate loans (average rate, 5.61 per cen t.): 5%, $90,325; 5)4% . $13,000; 5)4% . $146,360; 5M % ,
$5,600; 6%, $192,550.50; 7%, $389.
Personal loans (average rate, 4.98 per cent.): 4)4% . $30,000; 4)4% , $20,000; 5)4% . $11,500; 5)4% ,
$10,200; 6%, $10,377.
Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cent.): 3 )4 % , $60,000; 4% , $66,000;
4 )4% , $35,000; 5%, $14,000; 6%, $600; 7%, $2,400.
Number of loans not over $3,000 each, 279, amounting to $231,194.50.
41 real estate loans made during year, amounting to $45,440.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 970, amounting to

$12,533 70
12,665 00
79,656 14

Number of withdrawals during year, 1,255, amounting to

$104,854 84
88,573 55
$16,281 29

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Seattle, Washington, 4)4s

Railroad Bonds.
$11,000 Boston & Maine 4s
9.000 Boston & Maine 4)4s
20.000 C., B. & Q. 3)4s
3.000 Chic., Mil. & St. Paul 5s
10.000 Fitchburg 3)4s
6.000 Fitchburg 5s

Par Value.
$25,000 Illinois Central 3)4s
4.000 Me. Cent. & E. & N. A. 4s
5.000 N. 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

Street Railway Bonds.
$5,000 Boston Elevated 4)4s
3,000 Boston & Northern 4s

D a t e s of E x a m in a t io n a n d A u d it , March 15-18 inclusive.


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

Par Value.
$3,000 Old Colony 4s
11,000 West End 4)4s

Bank Stocks.
Shs.
24 First Nl. Bk., New Bedford
6 First Nl. Bk., Yarmouthport

20

REPO RT OF THE

[Pub. Doc.

BAY STATE SAVINGS BANK, WORCESTER.
476 MAIN STREET.
Incorporated M arch 9, 1895.

Number of corporators, 100; number of trustees, 20.

J a m e s E a b l y , President.

G e o b g e M cA l e e e , Treasurer.

(Office Vacant) Clerk of the Corporation.
Board of Trustees: T h o m a s B a b b e t t , T . J. B a b b e t t , A l e x a n d e r B e l is l e , S. G . B o w e n , C . M .
C a l l a h a n , M . F . C o s g r o v e , D a n ie l D o w n e y , W . N . D b o h a n , J a m e s E a b l y , M . F . F a l l o n ,
T . H . H a l l , J. F . H e a l y , R ic h a b d H e a l y , M . B . L a m b , J a m e s M c D e e m o t t , J. A . M c D e e m o t t ,
M . F . M c M a h o n , M . J. O ’ M e a b a , J. B . S im a r d , P. E . S o m e b s .

Board o f Investment: J a m e s

E a b l y , J.

A.

M c D e e m o t t , T.

J.

B abbett, M .

F.

M cM a h o n ,

T. H . H all.
Auditing Committee: A l e x a n d e e B e l i s l e , W . N . D b o h a n , M . B . L a m b .
Deposits draw interest from the first day of March, June, September and December; dividends are
payable March 15 and September 15. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to
1 p . m . , and for deposits only, 6 to 8 p . m .

(
STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
397 loans on real estate (average of each, $3,8%0.87) .
20 loans on personal security
.
.
.
.
Suspense account
.
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash
.
.
.
.
.
.
.
.
.

.
.
.

.
.
.

.
.
.

.

.

.
.
.

.
.
.
.

.

.

.
.

.

Total Assets

.

.
.

.

.
.
.
.

.
.

.

.
.
.

.

.

.
.

.
.
.

.
.

.

.
.

.

.
.
.
.
.
.

.

.

$221,073 85
385,863 25
109,488 50
27,975 00
1,318,386 00
19,082 00
6 30
70,550 70
1,404 85

$2,153,830 45

Liabilities.
Due depositors on 4,210 accounts, averaging $490.55 each
(Accounts opened during year, 430; closed, 320; increase, 110)
Surplus: —
a. Guaranty fund (2.44% o f deposits; increase during year, $5,111)
h. Profit and loss (increase during year, $4*882.10)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

.

$2,065,216 60

50,542 00
22,59 1 03
$16,358 40
877 58
15,480 82

Total Liabilities .

. $2,153,830 45

No. 8.]

21

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$2,989.53
$1,858.75
$983.34
Cost per $1,000 of assets
1.39
.86
.45
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$532.68
$1,044.28
$7,408.58
.24
.48
3.42
..........................................
1.58

Gross income received during the year, $94,454.73.

Rates on Investments and Loans (Average on All, 4.57%).
Real estate loans (average rate, 4.98 per cent.): 4J^%, $68,000; 5%, $1,240,649; 5J^%, $6,700; 6%,
$3,037.
Personal loans (average rate, 5.66 per cent.): 5%, $5,282; 5J^%, $2,500; 6%, $11,300.
Bonds, stocks, etc. (average rate on amounts invested, 3.82 per cent.): 3A%< $370,000; 4%, $388,000.
Number of loans not over $3,000 each, 232, amounting to $380,761.40.
5 real estate loans made during year, amounting to $27,300.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: March, 1915, 2%
Sept., 1915, 2%
Number of deposits during year, 3,064, amounting to

$39,185 28
39,299 34
272,801 78

Number of withdrawals during year, 2,657, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$351,286 40
304,796 44

.

$46,489 96

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$100,000 Massachusetts 3As
29.000 Boston 3As
25.000 Boston 4s
7.000 Dayton, 0., 3As
5.000 Everett 4s
4.000 Fitchburg 4s
15.000 Newport, R. I., 3As
15.000 Quincy 4s
5.000 Waltham 3As
13.000 Worcester 3A s
3.000 Worcester 4s

Railroad Bonds.
Par Value.
$80,000 Boston & Albany 4s
10.000 Boston & Lowell 3As
* 10,000 Boston & Lowell 4s
10.000 Boston & Maine 3As
10.000 Boston & Maine 4s
80.000 C., B. & Q. 3Ms
5.000 Chicago & Northwestern 4s
5.000 Fitchburg 3As
37.000 Fitchburg 4s
36.000 Illinois Central 3As
45.000 Illinois Central 4s

D a t e s of E x a m in a t io n , January 6 -8 inclusive.


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

Par Value.
$15,000 N. Y. C. & H. R. 3^s
25.000 N. Y., N. H. & H. 3lAa
5,000 Old Colony 4s
20.000 Sioux City & Pacific 3As

Street Railway Bonds.
$33,000 Boston Elevated 4s
40.000 Boston & Northern 4s
41.000 West End 4s

22

[Pub. Doc.

REPO RT OF THE

BELMONT SAVINGS BANK, BELMONT.
10 LEONARD STREET.
Incorporated March 5, 1885.

Number of corporators, 48; number of trustees, 17.

J. H e n b y F l e t c h e e , President.
R o y a l T . B b o d e ic k , Treasurer.
C. O l iv e b W e l l in g t o n , Clerk of the Corporation.
Board of Trustees: E . F . A t k in s , E . C. B e n t o n , R . T. B b o d e ic k , F b e d e b ic D o d g e , J. L . E l l is ,
J. H . F l e t c h e e , H e n b y F e o s t , I. B. F e 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 i n n is , S. D . R o b b in s , E . F . S k a h a n , H . O. U n d e e w o o d , C. O. W e l l in g t o n .
Board of Investment: J. H. F l e t c h e e , F b e d e b ic D o d g e , I. H. L o c k e , F. H. K e n d a l l , E . F. S k a h a n .
Auditing Committee: J. E . L o c k e , C . O. H i l l , C. J. M c G in 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 8 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
Stocks of banks and trust companies
187 loans on real estate (average of each, $2,389.70) .
3 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
.
.
.
.
.
.

$74,240
160,436
52,277
12,507
600
446,875
5,350
549
702
8,849
4,858

00
25
50
50
00
00
00
95
01
04
96

Total A s s e t s .......................................$767,246 24

Liabilities.
Due depositors on 2,600 accounts, averaging $281.33 each
(Accounts opened during year, 334; closed, 185; increase, 149)
Surplus: —
a. Guaranty fund (3.18% of deposits; increase during year, $2,000)
b. Profit and loss (increase during year, $805.20)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
School savings stamps account


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

.

.

.

.

.

.

Total Liabilities .

.

$731,472 30

23,300 00
3,666 44
$8,701 09
498 41
8,202 68
604 82

$767,246 24

23

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$1,291.81
$1,225.00
$300.00
Cost per $1,000 of assets
1.68
1.60
.39
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$103.95
$741.80
$3,662.56
.13
.97
4.77
.
.
.
.
2 .70

Gross income received during the year, $34,461.93.

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 5.13 per cent.): 5%, $341,050; 5}4%> $10,000; 5 H % , $81,075; 6%,
$14,750.
Personal loans (average rate, 4.83 per cent.): 4 % % , $5,000; 6%, $350.
Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cent.):
$20,000; 4%, $237,000;
4 H % , $31,500; 5%, $15,000; 8%, $600.
Number of loans not over $3,000 each, 131, amounting to $191,825.
29 real estate loans made during year, amounting to $73,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 2,869, amounting to
.

N um ber

.

of withdrawals during year, 1,458, amounting to

Net increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

.
.

$13,029 53
13,705 55
125,404 81

.

$152,139 89'
103,534 21

.

$48,605 68

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 4s
3.000 Beverly 4s
10.000 Boston 4s
6.000 Brockton 4Hs
5.000 Chicago, 111., 4s
5.000 Cleveland, 0., 4p^s
3.000 Melrose 4s
5.000 Minneapolis, Minn., 4s
5.000 Portland, Ore., 4J/£s
3.000 Worcester 4s
20.000 Belmont 4s
2,500 Belmont iy&s
2.000 Peabody 4s

D ates

of

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$5,000 Boston & Albany 3)^s
15.000 Boston & Albany 4s
28.000 Boston & Maine 4s
3.000 Boston & Maine 4)^s
5.000 C., B. & Q. 4s
20.000 Chicago & Northwestern 4s
8.000 Fitchburg 4s
7.000 Fitchburg 5s
5.000 Illinois Central 3%s
8.000 Illinois Central 4B
3.000 Me. Cent. & E. & N. Am. 4s
10.000 N. Y., N. H. & H. sy2s
35.000 N. Y., N. H. & H. 4s
10.000 Old Colony 4s

March 11 and 12.

Street Railway Bonds.
Par Value.
$13,000 Boston Elevated 4s
7.000 Boston Elevated 4p£s
5.000 Boston & Northern 4s
5.000 Springfield 4s
12,000 West End 4s
8.000 West End 5s
3.000 Wore. Consd. 4J^s

Bank Stocks.
Shs.
6 Nl. Shawmut Bk., Boston

BENJAMIN FRANKLIN SAVINGS BANK, FRANKLIN.
9
Incorporated February 20, 1871.

DEAN AVENUE.
Number of corporators, 38; number of trustees, 19.

E l is h a P. C h a p m a n , President.
C h a r l e s L. S t e w a r t , Treasurer.
A l b e r t C . M a s o n , Clerk o f 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 ,
O. T . D o e , W . M . F is 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 . W . H o s ie , W . S. J o h n ­
s o n , 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 ,
C . J. M u r p h y .

Auditing Committee: O. T . D o e , J. E . C a r p e n t e r , A . J. G a l l is o n .
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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Stocks of banks and trust companies
.
.
.
208 loans on real estate {average o f each, $1,948.86) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
$409,075 00
.
.
.
3,711 58
----------------------38 loans on personal security
.
.
.
.
.
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $18,4-4-0) .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items .
.
.
.
.
.
.
.
.
.
.
.

$35,000
226,631
14,568
13,012
4,910

00
50
00
50
00

405,363 42
150,220 00
2,609 89
18,140 00
29 65
38,370 88
2,490 86

Total A s s e t s ....................................... $911,346 70

Liabilities.
Due depositors on 3,296 accounts, averaging $260.63 each
.
.
.
.
.
{Accounts opened during year, 510; closed, 3SS; increase, 177)
Surplus: —
а. Guaranty fund (3.17% of deposits; increase during year, $2,115.60) .
.
.
б. Profit and loss {increase during year, $1,334-86)
.
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$9,050 65
b. Rent
.
.
.
.
.
.
.
20 00
-------------------—
$9,070 65
Less current expenses not charged off
.
.
.
.
1,260 48
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.


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

Total Liabilities .

.

.

.

.

$859,028 43

27,247 28
9,168 71

7,810 17
8,092 11

$911,346 70

BANK COMMISSIONER.

No.

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Amount paid for
$2,070.10 $2,320.00
$240.00
Cost per $1,000 of assets
2 .2 7
2 .5 5
.26
C ost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$84.23
$903.30
$5,617.63
.09
.99
6 .16
3.63

Gross income received during the year, $42,615.21.

Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 5.46 per cen t.): 5%, $209,625; 5J^%, $14,600; 6%, $181,138.42.
Personal loans (average rate, 4.72 per cent.): 4% % , $10,000; 4 ^ % , $65,000; 4 % % , $40,000; 5%,
$28,100; 6%, $7,120.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3%, $5,000; 3J^%. $48,000;
3 ^ % , $10,000; 4%, $100,000; 4J£%, $5,000; 4 y2% , $65,000; 5%, $56,840; 6%, $3,700.
Number of loans not over $3,000 each, 198, amounting to $236,445.
18 real estate loans made during year, amounting to $36,850.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 3,650, amounting to

$15,579 75
16,054 00
181,882 86

.

$213,516 61
179,181 26

Number of withdrawals during year, 2,806, amounting to
N et increase in amount due depositors

.

.

.

.

.

.

.

.

$34,335 35

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Boston 4s
10,000 Brockton 4s
5.000 Bridgeport, Conn., 4J^s
5.000 Franklin 4s

Public Funds, Notes.
$10,000 Wakefield 3%s

Railroad Bonds.
$5,000 Baltimore & Ohio 3}4b
6.000 Bangor & Aroostook 5s
10,000 Bennington & Rut. 4}4s

Par Value.
$10,000 Boston & Albany 3}4s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4b£s
10.000 Boston, R. B. & L. 4J^s
25.000 C., B. & Q. 5s
10.000 Chic., Mil. & St. Paul 4Ks
25.000 Fitchburg 4s
5.000 Fitchburg 5s
5.000 Illinois Central 3s
8.000 Illinois Central 3bi>s
20.000 Illinois Central 4s
5.000 Michigan Central 3}4s
10.000 N. Y., N. H. & H. 3^s
10.000 N. Y., N. II. & H. 4s

D a t e s of E x a m in a t io n , A p ril 8, 9.


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

Par Value.
$10,000 No. Maine Seaport 5s
5.000 Sioux City & Pacific 3}^s
20.000 Upper Coos 43^s
5.000 Washington County 3J^s

Street Railway Bonds.
$5,000 Boston Elevated 4}4s
10.000 Boston Elevated 5s

Bank Stocks.
Shs.
37 Franklin Nl. Bk.
12 Nl. Bk. of Wrentham

26

[Pub. Doc.

REPORT OF THE

BERKSHIRE COUNTY SAVINGS BANK, PITTSFIELD.*
22
Incorporated February 2, 1846.
A r t h u r H . R i c e , President.

NORTH STREET.
Number of corporators, 52; number of trustees, 22.

W il l ia m L . A d a m , Treasurer.
J o h n B a r k e r , Clerk 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 b l l , J ohn
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 b l l , W . F. H a w k i n s , C. L. H i b 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 i c 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 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m .; 7 to 9 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
1,448 loans on real estate (average of each, $3,587.29)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.
.
.

.

.
.
.
.
.
.

.
.
.
.
.
.

.
.

.

.
.

.
.
.
.
.
.
.
.
.
.
.
.
$5,249,350 00
54,950 00

57 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
.
.
.
.
.
.
.
.
.
.
.

.

$129,150
866,675
477,500
111,528
772,241
7,950

00
00
00
75
00
00

5,194,400
308,620
137,000
58,891
4,959

00
00
00
85
93

. $8,068,916 53

Total Assets

Liabilities.
.

Due depositors on 19,582 accounts, averaging $387.22 each
(Accounts opened during year, 2,551; closed, 2,590; decrease, 39)
Surplus: —
a. Guaranty fund (J.53% of deposits; increase during year, $2,500)
b. Profit and loss (increase during year, $5,379.53)
Current income: —
a. Interest .
.
.
.
.
.
.
$65,650 28
b. R e n t ...............................................................
855 13

378,500 00
47,622 82

$66,505 41
6,331 15
-----------------

Less current expenses not charged off
Suspense account .

.

.

.

Total Liabilities .

.

$7,582,494 45

.

.

.

60,174 26
125 00

$8,068,916 53

* Statements of Life Insurance Departments appear on pages immediately following page 393.


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

No. 8.]

BANK COMMISSIONER.

27

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$7,036.86 $14,358.50
$3,000.00
$197.25
$2,515.28
$27,107.89
Cost per $ 1,000 of assets
.87
1.78
.37
.02
.31
3.35
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.11
Gross income received during the year, $381,866.47.

Rates on Investments and Loans (Average on All, 4.85%).
Real estate loans (average rate, 4.90 per cent.): 4 H % , $1,071,100; 4 % % , $50,000; 5%, $4,069,300;
6%, $4,000.
Personal loans (average rate, 5.11 per cent.): 5%, $274,620; 6%, $34,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.71 per cent.): 3)^% , $315,000; 4% , $739,150;
4M % , $40,500; 5%, $458,850; 6%, $100,000; 7%, $39,200; 7M % , $10,000; 8%, $188,100; 10%,
$106,000; 12%, $39,200; 14%, $30,500; 20%, $10,000.
Number of loans not over $3,000 each, 1,092, amounting to $1,712,670.
161 real estate loans made during year, amounting to $491,850.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 23,218, amounting to

$143,453 06
145,450 08
1,231,232 25
$1,520,135 39
1,384,810 71

Number of withdrawals during year, 20,001, amounting to
Net increase in amount due depositors

$135,324 68

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$42,000 Gr. Barrington 3)^s

Par Value.
$30,000 Louis. & Nashville 6s
242.000 N. Y., N. H. & H. 3y2s
300.000 No. Maine Seaport 5s

Public Funds, Notes.
Street Railway Bonds.
$19,200 Pittsfield
$150,000 Hoosac Valley 4s
1.500 Hancock i}4s
29,000 Hoosac Valley 5s
1,800 Lanesborough 4}^s
300.000 Pittsfield Elec. 4s
400 Peru 4s
1.500 Peru 5s
39,750 Dalton (F. D.), 4s
Bank Stocks.
5.000 Gt. Barrington (F. D.), 4s
Shs.
18.000 Gt. Barrington (F. D.), 4}^s 55 Greylock Nl. Bk., Adams
25 American Trust Co., Boston
Railroad Bonds.
143 Eliot Nl. Bk., Boston
$100,000 Bangor & Aroostook 5s
250 First Nl. Bk., Boston
100 Fourth-Atlantic Nl. Bk., Boston
25.000 Chic. & Northw. 3J^s
50.000 Fre., Elk. & Mo. Val. 6s
160 International Trust Co., Boston
6.000 111. Central 3J^s
500 Merchants Nl. Bk., Boston
119,000 111. Central 4s
210 Nl. Bk. of Commerce, Boston
D a t e s of E x a m in a t io n , March 22-26 inclusive.


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

Shs.
100 Nl. Bk. of the Republic, Boston
500 Nl. Shawmut Bk., Boston
40 Nl. Union Bk., Boston
204 Old Boston Nl. Bk., Boston
250 Old Colony Tr. Co., Boston
367 Second Nl. Bk., Boston
246 State Nl. Bk., Boston
122 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
268 Pittsfield Nl. Bk.
309 Third Nl. Bk., Pittsfield
100 Chapin Nl. Bk., Springfield
200 Chicopee Nl. Bk., Springfield
300 Springfield Nl. Bk.
10 Housatonic Nl. Bk., Stockbridge
350 Merchants Nl. Bk., Worcester

[Pub. Doc.

REPORT OF TH E

BEVERLY SAVINGS BANK, BEVERLY.
171 CABOT STREET.
Incorporated February 23, 1867.

Number of corporators, 112; number of trustees, 24.

R o l a n d W . B o y d e n , President.
C h a r l e s H. K il h a m , Treasurer.
R o d n e y C. L a r c o m , Clerk of the Corporation.

Board of Trustees: R. C . A l l e n , J. H . B a k e r , R . W . B o y d e n , H . P. B r e t t , G e o r g e B u t m a n , S a m ­
u e l C o l e , T . D . C o n n o l l y , H . E. D u r g in , A . A . F o r n e s s , J. H . G ir d l e r , 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 r n e y , F r a n c is N o r w o o d , C . E . O b e r , C . L. O d e l l , R o b e r t
R o b e r t s o n , G . L . S o u t h w ic k , L . P. S t a n t o n , J. A . W a l l is , F r a n k W o o d b e r r y , H . W . W ood b e r r y , H . P. W o o d b u r y .
Board of Investment: R . W . B o y d e n , J. H. B a k e r , G e o r g e B u t m a n , P. J. L y n c h , A. A . F o r n e s s .
Auditing Committee: C . E . O b e r , T . D . C o n n o l l y , C . L. O d e l l , R o b e r t R o b e r t s o n , J. H . G ir d l e r .
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 30, 1915.
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
.
745 loans on real estate (average of each, $2,672.33) .
Less amount due on uncompleted loans .
.
.

.

.

.
.

.

.
.

.
.

.
.

.
.
.

.

.
.

.

.
.

.

.
.

.

.
.
.

.

.

.

.
.
.

.
.
.
$1,995,522 50
4,634 00

30 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $75,000; assessed value, $52,750)
Real estate b y foreclosure, etc. (assessed value, $2,725)
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.

$242,937
694,897
206,725
73,110
258,152
11,001

00
60
00
00
89
00

1,990,888
639,020
60,000
2,550
36,262
6,072

50
00
00
25
28
87

Total A s s e t s .......................................$4,221,617 39
Liabilities.
Due depositors on 11,937 accounts, averaging $330.97 each
(Accounts opened during year, 1,619; closed, 1,215; increase, 4-04)
Surplus: —
a. Guaranty fund (4-94% of deposits; increase during year, $7,515.65)
b. Profit and loss (increase during year, $27,974-41) •
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$327 51
Less rent not charged off
.
.
.
16 30


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

.

195,392 52
73,035 63
$2,759 23

343 81
----------------

Total Liabilities .

$3,950,773 82

2,415 42

. $4,221,617 39

I

No. 8.]

29

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$7,210.07 $6,064.00 $1,500.00
$154.38
$2,565.95 $17,494.40
Cost per $1,000 of assets
1.71
1.44
.36
.04
.61
4 .16
2.09
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $198,011.21.

Rates on Investments and Loans (Average on All, 4.86%).
Real estate loans (average rate, 5.03 per cent.): 4V£%, $8,400; 4 % % , $63,500; 5%, $1,774,053.50;
5M % . $9,700; 5 K % , $99,531; 6%, $35,704.
Personal loans (average rate, 4.70 per cent.): Z% % , $25,000; 4J^%, $25,000; 4J^%, $337,000; 4 % % ,
$55,500; 5%, $121,520; 5y2% , $50,000; 6%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.70 per cent.): 3J^%, $125,000; 4%, $588,050;
4 H % , $25,000; 4)^% , $190,000; 5%, $244,000; 5V2% , $30,000; 6%, $96,800; 7%, $33,200; 8%,
$61,000; 10%, $18,200; 12%, $5,700; 16%, $19,000.
Number of loans not over $3,000 each, 583, amounting to $904,374.50.
49 real estate loans made during year, amounting to $197,022.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 15,852, amounting to
.

.

Number of withdrawals during year, 10,422, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

$839,258 87
683,584 67

.
.

$72,663 87
74,282 24
692,312 76

.

$155,674 20

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 California 4s
25.000 Boston 4s
25.000 Boston 4 J^s
15.000 Canton, 0., 5J^s
22.000 Chelsea 4s
25.000 Hamilton, 0., 5s
5,000 New Bedford 4s
15.000 Oakland, Cal., 534>s
15.000 Omaha, Neb., 4p£s
25.000 Portland, Ore., 6s
25.000 San Francisco, Cal., 3^s
25.000 San Francisco, Cal., 5s

Railroad Bonds.
$25,000 Boston & Albany 5s
25.000 Boston & Maine 4s
25.000 Boston & Maine 4J^s
10.000 Boston, Rev. Beach & L. 4J^s
75.000 C., B. & Q. 3^s

Par Value.
$35,000 C., B. & Q. 4s
50.000 Chicago, Mil. & St. Paul 5s
25.000 Chicago & Northwestern 4s
20.000 Chicago & Northwestern 6s
25.000 Connecticut River notes 6s
25.000 Fitchburg 4}4s
131,000 Illinois Central 4s
25.000 Louisville & Nashville 6s
25.000 Michigan Central 3Hs
25.000 Minn., St. P. & S. St. Marie 5s
25.000 N. Y. Central & H. R. 4s
75.000 N. Y., N. H. & H. 4s
5,000 Old Colony 4s
75.000 Pennsylvania 4J^s
15.000 Penobscot Shore Line 4s

Street R ailw a y Bonds.
$25,000 Boston Elevated 4s
25.000 Boston Elevated 4}^s
30.000 Boston & Northern 4s

D a t e s of E x a m in a t io n , June 2 4 -2 6 inclusive.


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

Par Value.
$25,000 Holyoke 5s
30.000 Lynn & Boston 5s
25.000 Old Colony 4s
10.000 So. Shore & Boston 5s
15.000 West End 5s
14.000 Western Massachusetts 5s
15.000 Wore. & Southbridge

Bank Stocks.
Shs.
332 Beverly Nl. Bank
25 American Trust Co.
190 First NI. Bk., Boston
100 Nl. Bk. of Commerce, Boston
610 Nl. Shawmut Bk., Boston
32 Second Nl. Bk., Boston
182 Old Colony Tr. Co., Boston
18 Nl. Grand Bk., Marblehead
71 First Nl. Bk., Salem

[Pub. Doc,

REPO RT OF THE

30

BLACKSTONE SAVINGS BANK, BOSTON.
26 WASHINGTON STREET.
Incorporated April 23, 1901.

Number of corporators, 40; number of trustees, 19.

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 oh 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 in t , L. A. F r o t h in g h a m , E . E . G r a y , 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 oh n O ’ H a r e , A . E . R o b e r t s , H . H . S a 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 , J oh n O ’ H a r e , H . H . Sa v a g e , J. E . W

elch,

A. F. B e m is .

Auditing Committee: J. F . T u r n e r , E . N . E a m e s , E . E . G r a y .
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 p .m .;
Saturdays, 9 to 1 p .m . ; also M ondays from 3 to 5 p .m . for deposits only.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
354 loans on real estate (average of each, $2,61+5.65) .
12 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.

.
.
.
.
.

.

.
.
.
.
.

.
.
.

.
.
.
.

.
.
.
.
.

.

.
.
.
.

.

.
.
.
.
.
.
.
.
.
.

.
.
.
.

.

.

.

.
.
.
.
.
.
.
.
.
.

$96,243 75
132,232 99
28,000 00
25,045 00
936,560 00
113,500 00
1,198 00
3,777 43
58,285 94
4,301 60

Total Assets

. $1,399,144 71

Liabilities.
Due depositors on 2,753 accounts, averaging $498.13 each
(.Accounts opened during year, 1+97; closed, 386; increase. 111)
Surplus: —
a. Guaranty fund (1.36% of deposits; increase during year, $3,1+10)
b. Profit and loss (increase during year, $1+,523.76)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

.

18,594 78
13,628 06
$1,171 72
90 35
----------------

Total Liabilities .

.

$1,365,840 50

.

.

.

1,081 37

$1,399,144 71

No. 8.]

BANK COMMISSIONER.

31

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
«1,685.76 «3,732.00 «2,000.00
«367.63
«1,596.71
«9,382.10
Cost per $1,000 of assets
1.20
2 .6 7
1.43
.26
1.16
6.72
Cost per «1,000 of assets not including State tax and rent .
.
.
.
.
.
4 .0 9
Gross income received during the year, «68,548.50.

Rates on Investments and Loans (Average on All, 5.22%).
Real estate loans (average rate, 5.58
Personal loans (average rate, 4.64
«9,500; 6 % % , «5,000.
Bonds, stocks, etc. (average rate on
4% , «123,000; 4M % , «10,000;

per cent.): 5%, «5,500; 5)4% , «769,170; 6%, «161,890.
per cent.): 4)4% , «38,000; 4)4% . «21,000; 4M % . «40,000; 5%,
amounts invested, 4.25 per cent.): 3)4% , «62,000; 3 % % , «4,000;
4)4% , «59,000; 5%, «30,000; 6%, «5,000.

Number of loans not over «3,000 each, 248, amounting to «529,390.
39 real estate loans made during year, amounting to «106,700.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 3,265, amounting to

«24,047 66
25,482 57
315,341 11

Number of withdrawals during year, 2,237, amounting to

«364,871 34
247,571 27

Net increase in amount due depositors

«117,300 07

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$3,000 Massachusetts 4s
5.000 Boston 3)4s
15.000 Boston 4s
10.000 Boston 4)4s
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 Seattle, Wash., 5s
5.000 Sioux City, Iowa 4)4s
4.000 Somersworth, N. H., 4s

Par Value.
«3,000 Danvers 4s
4.000 East Longmeadow 3)4s
4.000 Hull 4s
5.000 Mansfield 4s
5.000 Kennebec, Me. (W. D.), 3)4s

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 4J4s
2.000 C., B. & Q. 3)4s

D a t e s op E x a m in a t io n , June 1, 2.


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

Par Value.
«10,000 C., B. & Q. 4s
7.000 Chicago, Mil. & St. Paul 4)4s
5.000 Fitchburg 4s
3.000 Illinois Central 3)4s
5.000 Louisville & Nashville 6s
5.000 Minn., St. P. & S. S. Marie 4s
15.000 N. Y. Central 4s
28.000 N. Y „ N. H. & H. 3)4s
10.000 No. Maine Seaport 5s

Street Railway Bonds.
$22,000 Boston Elevated 4)4s
6.000 Springfield & Eastern 5s

32

REPO RT OF THE

[Pub. Doc.

BOSTON FIVE CENTS SAVINGS BANK, BOSTON.
32-38 SCHOOL STREET.
Incorporated April 7, 1854.

Number of corporators, 46; number of trustees, 20.

W il m o t R . E v a n s , President.
J oseph C . H o l m e s , Treasurer.
J o seph 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 , Sa 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 , 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 St 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 Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; also Saturdays,
for deposits only, 3 to 5 and 6 to 8 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
$10,127,397 00
.
4,543,000 00
.
811,000 00
.
359,000 00
.
445,600
00
.
.
.
•
.
. $24,038,755 00
.
36,584 39
24,002,170 61
11,160,101 00
205 loans on personal security
.
.
.
.
.
.
.
350,000 00
Bank building and fixtures (estimated value, $350,000; assessed value, $44-5,000)
24,500 00
Real estate b y foreclosure, etc. (assessed value, $56,000) .
.
.
.
951,048 14
Deposits in national banks or trust companies
.
.
.
.
.
81,412 37
Cash and cash items
.
.
.
.
.
.
.
.
.
.

Public funds, bonds and notes
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
1,137 loans on real estate (.average of each, $21,110.09)
.
Less amount due on uncompleted loans .
.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

Total Assets

. $52,855,229 12

Liabilities.
. $49,069,635 57
Due depositors on 199,227 accounts, averaging $246.30 each
(Accounts opened during year, 18,916; closed, 19,186; decrease, 370)
Surplus: —
2,434,851 65
a. Guaranty fund (4-96% of deposits; increase during year, $73,549.51)
1,270,925 12
b. Profit and loss (increase during year, $98,967.69) .
Current income: —
$81,020 27
Interest
.
.
.
.
.
.
.
.
.
.
Less real estate rents and expenses .
.
.
$144 11
Less current expenses not charged off
.
.
1,059 38
1,203 49
----------------79,816 78

Total L iab ilities.......................................$52,855,229 12

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$89,729.23 $87,170.45 $14,257.81
$15,552.16 $206,709.65
Cost per $1,000 of assets
1.70
1 .65
.-27
.29
3.91
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.94
Gross income received during the year, $2,262,119.04.


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

33

BANK COMMISSIONER.

No. 8.

Rates on Investments and Loans (Average on All, 4.40%).
Real estate loans (average rate, 4.37 per cent.): 3M%> $330,000; 4%, $6,927,935; 4)^%, $41,500; 4J4%>
$6,527,500; 4J^%, $5,195,565.61; 4M % , $981,950; 5%, $3,970,600; 5M % . $9,500; 5>^%, $10,700;
6%, $6,920.
Personal loans (average rate, 4.54 per cent.): 4}^%, $500,000 ; 4 \i% , $3,104,650; 4J^%, $5,481,850;
4 % % , $926,000; 5%, $402,600; 5M % , $50,000 ; 5 ^ % , $193,000; 6%, $477,001; 6 ^ % , $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.34 per cent.): 3J^%, $285,000; 3^4o%, $15,100;
4%, $12,144,197; 4 H % , $200,000; 4 ^ % , $2,123,100; 5%, $799,000; 6%, $343,000; 8%, $110,800;
10%, $124,300; 12%, $105,900; 16%, $76,600.
Number of loans not over $3,000 each, 542, amounting to $957,732.
123 real estate loans made during year, amounting to $2,019,100.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 225,832, amounting to

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

Number of withdrawals during year, 189,248, amounting to
N et increase in amount due depositors

.

.

.

.
.

.

.
.

.
.

.
.

$896,505 96
912,062 70
10,530,682 62
$12,339,251 28
10,824,757 22
$1,514,494 06

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$1,644,000 Massachusetts 4s
500.000 New York 4^s
85.000 Essex Co. 4s
1,489,000 Boston 4s
100.000 Boston 44£s
195.000 Brockton 4s
200.000 Buffalo, N. Y., 4}^s
320.000 Cambridge 4s
75.000 Chelsea 4s
361.000 Chicago, 111., 4s
5.000 Everett 4s
424.000 Fall River 4s
47.000 Fall River 4J4s
63.000 Fitchburg 4s
70.000 Gloucester 4s
105.000 Haverhill 4s
73,500 Holyoke 4s
95.000 Holyoke 4b£s
248.000 Indianapolis, Ind., 4s
250.000 Kansas City, Kansas, 4s
98.000 Lawrence 4s
87,800 Lowell 4s
54.000 Lowell 4}^s
60.000 Lynn 4s
50.000 Lynn 4b£s
12.000 Malden 4s
24.000 Marlborough 4s
45.000 Melrose 4s
226.000 Milwaukee, Wis., 4s
19.000 New Bedford 4s
2.000 Newburyport 4s
32.000 Newport, R. I., 4s
42.000 Newport, R. I., 4J^s
227.000 Pittsfield 4s
25.000 Pittsfield 4J^s
125.000 Providence, R. I., 4s
7.000 Quincy 4s
50.000 Rochester, N. Y., 4b£s
70.000 Salem 4s
54.000 Somerville 4s
355.000 Springfield 4s
50.000 Springfield 4b(s
100.000 St. Paul, Minn., 4Ys
50.000 Syracuse, N. Y., 4J^s
48.000 Taunton 4s

Pa $3L000 Taunton 4^s
40.000 Waltham 4s
100.000 Waterbury, Conn., 4s
31.000 Woburn 4s
500.000 Wore: ster 4s
40.000 Adams 4s
30.000 Andover 4s
29.000 Athol 4s
20.000 Attleborough 4s
8.000 Bourne 4s
26.000 Framingham 4s
9.000 Franklin 4s
57.000 Marblehead 4s
44.000 Marion 4J^s
38.000 Milford 4s
23.000 North Andover 4s
31.000 Pepperell 4s
20.000 Reading 4s
14.000 Revere 4s
42.000 Rockland 4s
10.500 Watertown 4s
72.500 Winthrop 4s
40.000 Winthrop 4J^s
35.000 No. Easton Vil. (F. D.), 4s

Street Railway Bonds.
$235,000 Boston Elevated 4s
200.000 Boston Elevated 4)^s
91.000 West End 4s
25.000 West End 4J^s
260.000 West End 5s

Public Funds, Notes.
$40,000 Bristol Co. 4s
170.000 Beverly S}4s
9.000 Chicopee 4s
35.000 Lowell 3^s
200.000 Lowell 4s
30.000 Melrose 3Hs
50.000 Waltham 3)^s
4.000 Agawam 4s
15,100 Hudson 3.80%
.2,100 Ware
13.000 Weymouth 4b£s
5,897 Winthrop 4s

Railroad Bonds.
$250,000 Boston & Albany 4s
70.000 Boston & Albany 5s
615.000 Boston & Lowell 4s
100.000 Boston & Lowell 4J/£s
350.000 Boston & Maine 4s

D a te s of E x a m in a t io n , December 24-29.


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

Par Value.
$250,000 Boston & Maine 4J^s
694.000 C„ B. & Q. 4s
320.000 Chic., Mil. & St. Paul 5s
125.000 Fitchburg 4s
200.000 Fitchburg 4}^s
100.000 Fre., Elk. & Mo. Valley 6s
90.000 Illinois Central 5s
100.000 Montana Cent. 6s
100.000 New England 4s
25.000 N. Y., Lack. & West. 6s
100.000 N. Y., N. H. & H. 4s
46.000 New York & Northern 5s
850.000 Old Colony 4s
50.000 Philadelphia & Erie 6s
55.000 St. Paul, Minn. & Man. 4J-£s
15.000 St. Paul, Minn. & Man. 6s
38.000 St. Paul & Sioux City 6s

Bank Stocks.
Shs.
59 American Tr. Co., Boston
130 Boylston Nl. Bk., Boston
710 First Nl. Bk., Boston
25 Fourth-Atlantic 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

34

REPO RT OF THE

[Pub. Doc,

BOSTON PENNY SAVINGS BANK, BOSTON.
1375 WASHINGTON STREET.
Incorporated M arch 9, 1861.

Jo h n R e y n o l d s ,

Number of corporators, 65; number of trustees, 28.

President.

W

H erbert M . L elan d ,

il l ia m

H. D

tjrke e ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: J. R . A i n s l e y , F. W . B a i l e y , C. L. B a i r d , M a t t h e w B i n n e y , F. H. B r ig g s , J.
F. B u e r k e l , W . G. C o u s e n s , A. H. D e c a t u r , W . H. D u r k e e , C. C. F e r r i s , J. H. G o o d s p e e d ,
R . D . G o o d w i n , J. B . H u n t e r , E. B . K e l l o g g , H. M . L e l a n d , V . J. L o r in g , J. D. M c L e l l a n ,
G. C. M o r t o n , A. K . P a g e , W . H. P i e r c e , J o h n R e y n o l d s , F. A . S c h ir m e r , L. H. S h e p a r d ,
S. A. D. S h e p p a r d , F. A. S i n g l e t o n , C. I. T h a y e r , R . E . T o w n s e n d , H. H. W i g g i n .
Board of Investment: J o h n R e y n o l d s , M

atth ew

T

B in n e y ,

J. F. B u e r k e l , L. H. S h e p a r d , R . E.

ow nsend.

Auditing Committee: J. H. G o o d s p e e d , W . H. P i e r c e , L. H. S h e p a r d .
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 . to
12 M .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
Railroad bonds and notes .
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
.
.
.
682 loans on real estate (average of each, $12,070.53)
.
.
.
105 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value,
Real estate b y foreclosure, etc. (assessed value, $73,800) .
.
.
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.

$92,843
377,987
170,824
139,468
8,232,105
3,195,050
50,000
74,317
296,222
23,337

.
.
.
.
.
$63,000)
.
.
.

50
50
00
75
00
00
00
66
13
SO

. $12,652,156 34

Total Assets

Liabilities.
Due depositors on 27,299 accounts, averaging $438.14 each
(Accounts opened during year, 5,369; closed, 4,410; increase, 959)
Surplus: —
a. Guaranty fund (2.97% of deposits; increase during year, $30,000)
b. Profit and loss (increase during year, $25,505.15) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount

.


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

.

.

.

.

.

.

.

Total Liabilities .

.

. $11,960,826 77
355,000 00
268,881 91
$33,015 46
3,567 80
29,447 66
38,000 00

. $12,652,156 34

No. 8.]

BANK COMMISSIONER,

35

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
Amount paid for
$15,770.47 $28,942.00 $2,500.00 $3,648.75
$5,124.49 $55,985.71
C ost per $1,000 of assets
1.24
2 .2 9
. 20
. 29
. 40
4 .4 2
C ost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.98
Gross income received during the year, $585,959.63.

Rates on Investments and Loans (Average on All, 4.86%).
Real estate loans (average rate, 4.99 per cent.): 4J^%, $104,000; 5%, $8,126,430; 5J^%, $1,675.
Personal loans (average rate, 4.71 per cent.): 4)^% , $1,755,000; 4^g%, $150,000; 4 % % , $675,500;
4J^%, $50,000; 5%, $314,550; 5% % , $25,000; 5 ^ % , $35,000; 5M % , $165,000; 6%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.12 per cent.): 3J^%, $150,000; 4%, $505,000;
4J^%, $150,000.
Number of loans not over $3,000 each, 110, amounting to $241,735.
37 real estate loans made during year, amounting to $843,400.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 41,731, amounting to
.

.

Number of withdrawals during year, 32,105, amounting to
N et increase in amount due depositors

.

.

.

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

.
.

.
.

.

$2,870,694 21
2,251,587 77

.

.

.

$218,821 14
225,436 88
2,426,336 19

.

$619,006 44

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Boston 3h£s
10.000 Boston 4s
25.000 New Bedford 4s
10.000 Newton 4s

D

ates of

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$25,000 Boston & Albany 4s
100,000 Boston & Maine 4s
50.000 c., B. & Q zy2s
50.000 Chic., Mil. & St. Paul 4)^s
25.000 Chic. & Northwestern 4s
25.000 Fitchburg 4s
50.000 Illinois Central 3J^s
10 0C0 N. Y., N. H. & H. 4s
50.000 Northern Pacific 4)^s

M ay 1 2 -1 4 inclusive.

Street Railway Bonds.
Par Value.
$75,000 Boston Elevated 4s
25.000 Boston & Northern 4s
25.000 West End 4s
50.000 West End 4b£s

36

REPORT OF THE

[Pub. Doc,

BRAINTREE SAVINGS BANK, SOUTH BRAINTREE.
WASHINGTON STREET.
Incorporated March 21, 1870.

B e n j a m in

Number of corporators, 33; number of trustees, 11.

F. D yter, President.
G e o r g e W . St e v e n s ,

F. E u g e n e D y e r , Treasurer.
Clerk of the Corporation.

Board of Trustees: H. F. A r n o l d , B. F. D y e r , F. E . D y e r , L. B. H o l l i s , G. V. P e n n o c k , P. C .
S p r in g , G. W . S t e v e n s , J. T . S t e v e n s , H. C. T h a y e r , N. G. T o r r e y , B. H. W o o d s u m .
Board of Investment: B. F. D y e r , L. B. H o l l is , B. H . W

o odsum .

Auditing Committee: B. F. D y e r , G. W . S t e v e n s , N. G. T o r r e y .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 8.30 a . m . to 12 m .; 2 to 4 .3 0 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 .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
214 loans on real estate (average of each, $1,884-57)
Less amount due on uncompleted loans .

$36,873
179,242
75,275
11,131
9,800

55
50
00
25
00

403,299
67,500
20,817
1,168

00
00
86
85

$404,299 00
1,000 00

7 loans on personal security .
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.

Total Assets

$805,108 01

Liabilities.
Due depositors on 1,966 accounts, averaging $369.08 each
.
.
(Accounts opened during year, 244: closed, 222; increase, 22)
Surplus: —
a. Guaranty fund (4.04% o f deposits; increase during year, $1,765.59) .
b. Profit and loss (increase during year, $10,571 -44) .
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$15,736 38
Less current expenses not charged off
.
.
.
.
446 69


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

$725,617 43
29,300 07
34,900 82

15,289 69

Total Liabilities .

$805,108 01

No. 8.

BANK COMMISSIONER.

37

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$1,611.87 $1,140.00
$300.00
Cost per $1,000 of assets
2 .00
1.41
.37
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$23.25
$545.36
$3,620.48
.03
.68
4 .4 9
2. 12

Gross income received during the year, $36,758.63.

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5.17 per cent.): 4J^%, $5,000; 5%, $286,042; 5J^%, $79,875; 6%,
$32,382.
Personal loans (average rate, 4.65 per cent.): 4J^%, $27,500; 4 % % , $40,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.): 3V£%, $23,000; 4%, $127,000;
4 M % , $5,000; 4 ^ % , $77,000; 5%, $74,000; 6%, $3,700; 8%, $3,600; 10%, $700.
Num ber of loans not over $3,000 each, 191, amounting to $308,922.
28 real estate loans made during year, amounting to $48,475.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
N um ber of deposits during year, 2,001, amounting to

$13,331 25
13,713 23
135,828 31

Number of withdrawals during year, 1,980, amounting to

$162,872 79
133,765 23
$29,107 56

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 California 4s
10,000 Boston 4s
5.000 Boston 4M®
5.000 Los Angeles, Cal., 4%s
5.000 Omaha, Neb., 4)^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 4b£s
15.000 Boston & Maine 4s
10.000 C., B. & Q. 4s
15.000 Chic., Mil. & St. Paul 4}is

D ates

of

E x a m in a t io n ,


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

Par Value.
$15,000 Chic., Mil. & St. Paul 5s
13.000 Fitchburg 4s
2.000 Fitchburg 4}^s
10.000 Illinois Central
5.000 Me. Cent. & E. & N. A. 4s
5.000 Michigan Central 3J^s
5.000 N. Y., N. H. & H. 33^s
25.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s
10.000 Old Colony 4s
10.000 Pennsylvania 4}^s
5.000 Vermont Valley 4J^s
3.000 Washington Co. 3J^s
5.000 Wore., Nash. & R. 4s

April 9, 10.

Street Railway Bonds.
Par Value.
$10,000 Boston & Northern 4s
20.000 Boston Elevated 4)^s
5.000 Brockton 5s
5.000 Gloucester, Essex & Bev. 5s
6.000 Lowell, Law. & ILav. 5s
10.000 Lynn & Boston 5s
5.000 West End 4s
5.000 West End 5s
5.000 Worcester Consol. 4V|>s
5.000 Worcester Consol. 5s

Bank Stocks.
Shs.
7 Merchants Nl. Bk., Boston
36 Nl. Shawmut Bk., Boston
8 Winthrop Nl. Bk., Boston
37 Brockton Nl. Bk.

REPO RT OF THE

38

[Pub. D oc

BRIDGEWATER SAVINGS BANK, BRIDGEWATER.
11
Incorporated M arch 19, 1872.

CENTRAL SQUARE.
Number of corporators, 21; number of trustees, 12.

W il l ia m D . J a c k s o n , President.
S. L o r in K e it h , Treasurer.
F r a n k E . S w e e t , Clerk of the Corporation.

Board of Trustees: H . M . B l a c k s t o n e , H . W . B r a g d o n , P . O. C l a r k , O. B . C o l e , J. H . F a ir b a n k s ,
E . A . H e w it t , W . D . J a c k s o n , S. L . K e it h , G . J. L o w e , E . A . M a c M a s t e r , G u s t a v u s P r a t t ,
F . E . Sw e e t .

Board of Investment: P. 0 . C l a r k , J. H . F a ir b a n k s , E. A. H e w i t t , G. J. L o w , S. L. K e it h .

Auditing Committee: P . O. C l a r k , O . B . C o l e , H . W . B r a g d o n .

Deposits draw interest from first day of January, April, July and October; dividends are payable
April 1 and October 1. Business hours: 8 a . m . to 12 m . ; 2 to 5 p . m . ; also M ondays, 7 to 8 p . m .,
for deposits only.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
244 loans on real estate {average of each, $1,759.31) .
.
.
.
.
27
loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $9,000; assessed value, $7,400)
Real estate b y foreclosure, etc. (assessed value, $5,000)
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.

.
.
.
.
.

.
.
.

.

.

$231,871 50
255,417 50
103,522 50
19,502 50
72,825 60
429,272 00
64,897 00
8,000 00
4,111 30
272 82
19,680 83
6,281 41

$1,215,654 96

Liabilities.
Due depositors on 3,110 accounts, averaging $365.22 each
.
.
.
.
.
(Accounts opened during year, 394; closed, 359; increase, 35)
Surplus: —
a. Guaranty fund (4.93% of deposits; increase during year, $1,500)
.
.
.
b. Profit and loss (increase during year, $3,513.87)
.
.
.
.
.
.
Current incom e: —
Interest
.
.
.
'.
.
.
.
.
.
.
$5,091 40
Less current expenses not charged off
.
.
.
.
144 93
-----------------------


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

Total Liabilities .

$1,135,852 37

56,000 00
18,856 12

4,946 47

. $1,215,654 96

No. 8.]

BANK COMMISSIONER.

39

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$2,319.72 $2,850.00
Cost per $1,000 of assets
1.91
2 .3 4
—
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$1,688.42
$6,858.14
1.39
5.64
.
.
.
.
3 .73

Gross income received during the year, $57,126.45.

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5.28 per cent.): 4%, $5,500; 4J^%, $10,500; 5%, $276,285; 5J^%,
$14,000; 6%, $122,987.
Personal loans (average rate, 5.04 per cen t.): 4 }4 0/c, $20,000; 5%, $23,337; 5^2%. $18,000; 6%, $3,560.
Bonds, stocks, etc. (average rate on amounts invested, 4.53 per cent.): 3J^%, $48,000; 4% , $324,250;
4 }4% , $125,000; 5%, $124,300; 6%, $18,300; 7%, $5,000; 7 % % , $5,500; 8%, $19,700; 10%,
$3,500; 14%, $4,200; 15%, $600.

Number of loans not over $3,000 each, 233, amounting to $296,619.
16 real estate loans made during year, amounting to $22,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 2,911, amounting to

$21,222 98
21,440 36
183,450 60

Number of withdrawals during year, 2,716, amounting to
Net increase in amount due depositors

.

.

.
.

.

.

. . .

.
.

$226,113 94
193,106 71

.
.

.

$33,007 23

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 4s
10.000 Bay City, Mich., 5s
10.000 Cleveland, 0., 4b£s
10.000 Fall River 4s
10.000 Hartford, Conn., 4J^s
5.000 Lewiston, Me., 5s
25.000 Los Angeles, Cal., 4J^s
10.000 Minneapolis, Minn., 4s
5.000 New Bedford 3J^s
10.000 New Bedford 4s
5.000 San Francisco, Cal., 4J^s
10.000 St. Paul, Minn., 4)^s
10.000 Stamford, Conn., 4s
6.000 Brewster 4s
20.000 Concord 4s
5.000 Dracut 4s
3,250 Huntington 4s
5.000 Mansfield 4s
10 000 Montague 5s
10.000 North Attleborough 4s
8.000 Revere 4s
10.000 Russell 4s

Public Funds, Notes.
Par Value.
$30,000 Bridgewater 4s

Railroad Bonds.
$10,000 Baltimore & Ohio 3)^s
10.000 Bangor & Aroostook 5s
3.000 Burl. & Mo Riv. 6s
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 Chic., Mil. & St. Paul 4>¿s
10.000 Illinois Central 3)/£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 4J^s
6.000 Sioux City & Pac. 314s
5.000 Troy & Boston 7s

D a t e s op E x a m in a t io n , April 27, 28.


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

Street Railway Bonds.
Par Value.
$30,000 Boston Elevated 414s
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. 414s

Bank Stocks.
Shs.
13 Ahington 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
6 Nl. Security Bk., Boston
197 Nl. Shawmut Bk., Boston
90 Brockton Nl. Bk.
55 Home Nl. Bk., Brockton
8 Plymouth Nl. Bank
36 Bristol Co. Nl. Bk., Taunton

40

REPO RT OF THE

[Pub. Doc.

BRIGHTON FIVE CENTS SAVINGS BANK, BOSTON.
326 WASHINGTON STREET (Ward 25).
Incorporated March 28, 1861.

Number of corporators, 63; number of trustees, 15.

H a r r y C . F a b y a n , President.
W a l t e r A . L a m b e r t , Treasurer.
W a l t e r C. W a r r e n , Clerk of the Corporation.

Board of Trustees: G. F. B u n k e r , F r a n c is B u r k e , H. C. F a b y a n , W . S. F u l l e r , C. E. H o l m a n ,
S a m u e l K e e n e , J. T. K n o w l e s , W . A. L a m b e r t , W . J. M a g u i r e , G. H . M c D e r m o t t , T . B .
M u n r o e , F. G. N e w h a l l , F. A . N o r c r o ss , B . W . W a r r e n , H . A . W il s o n .
Board of Investment: H . C. F a b y a n , T . B . M

unroe,

F. G. N e w h a l l , G. F . B u n k e r , H . A . W

il s o n .

Auditing Committee: F. G. N e w h a l l , C. E . H o l m a n , W . J. M a g u ir e .
Deposits draw interest from first Saturday of January, April, July and October; dividends are payable
the M onday after the first Saturday of January and July. Business hours: 9 a .m . to 3 p .m .;
Saturdays, 9 a .m . to 12 m . ; and for deposits only, 7 to 9 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
507 loans on real estate (average of each, $3,825.41) .
Less amount due on uncompleted loans .
.
.

.

.

.
.•
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$1,688,784 74
.
.
.
2,800 00
----------------------23 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, SI 0,500; assessed value, $10,500)
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.

.

.

.

.

Total Assets

$164,140 00
306,425 00
49,500 00
20,000 00
35,500 00
7,00000

1,685,984 74
339,300 00
10,000 00
41114
50,08441
5,193 38

$2,673,538 67

Liabilities.
Due depositors on 8,131 accounts, averaging $306.72 each
(Accounts opened during year, 1,303; closed, 932; increase, 371)
Surplus: —
a. Guaranty fund (3.79% of deposits; increase during year, $6,500)
6. Profit and loss {increase during year, 33,822.43)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses and rent not charged off
.
.
.
Unearned discount

.


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

.

.

.

.

.

.

.

Total Liabilities .

.

$2,493,937 67

94,500 00
43,495 48
$44,240 90
4,413 44
39,827 46
1,778 06

. $2,673,538 67

BANK COMMISSIONER.

No.

41

Total Expenses for the Year, including State Taxes.
Rent. Advertising. Other Expenses.
Total.
State Tax (Net). Salaries.
Amount paid for
$4,059.58 $6,333.16
$600.00
$940.14
$2,858.58 $14,791.46
Cost per $1,000 of assets
1.52
2.36
.22
.35
1.06
5.51
Cost per $1,000 of assets not including State tax and rent .
3 .77

Gross income received during the year, $119,428.10.

Rates on Investments and Loans (Average on All, 4.77%).
Real estate loans (average rate, 5.06 per cen t.): 4J^%, $8,000; 4M % . $25,742.74; 5%, $1,429,922; 5)^% ,
$ 211 ,220 ; 6% , $ 11, 100.
Personal loans (average rate, 4.42 per cent.): 4%, $110,000; 4J^%, $182,700; 4 M%> $12,500; 5%,
$17,000; 5y2% , $16,500; 6%, $600.
Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cent.): 3 Yi%, $156,000; 4%, $327,000;
4 ^ % , $40,000; 4M % , $10,000; 5%, $45,300; 7%, $5,000; 8%, $4,000; 10%, $1,000; 12%, $200;
15%, $1,500. .

Number of loans not over $3,000 each, 290, amounting to $518,487.
74 real estate loans made during year, amounting to $285,350.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 12,026, amounting to

$43,934 83
45,660 31
548,052 29

Number of withdrawals during year, 6,641, amounting to

$637,647 43
460,998 50

Net increase in amount due depositors

$176,648 93

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$20,000 Massachusetts 3b£s
10.000 Massachusetts 4s
5.000 Akron, 0., 4J^s
10.000 Belfast, Me., 4s
10.000 Boston 3Hs
5.000 Boston 4s
5.000 Bridgeport, Ct., 4s
1.000 Brockton 4s
10.000 Chicago, 111., 4s
5.000 Chicopee 4s
5.000 Everett 4s
10.000 Lowell 4s
10.000 Minneapolis, Minn., 4%s
10.000 Newton 4s
10.000 Portland, 0., 4s
15.000 San Francisco, Cal., 4Hs
20.000 Seattle, Wash., 5s
4.000 Winchester 4s

Railroad Bonds.
Par Value.
$16,000 Boston & Albany 3J^s
5.000 Boston & Albany 4s
14.000 Boston & Lowell 4s
7.000 Boston & Maine 4s
. 25,000 C., B. & Q. 3J^s
10.000 C., B. & Q. 4s
20.000 Chic. & Northwest. 4s
15.000 Cleveland & Pitts. 3)^s
10.000 Concord & Montreal 4s
10.000 Dexter & Piscataquis 4s
10.000 Erie & Pitts. 3J^s
28.000 Fitchburg 4s
10.000 Illinois Central 3J^s
20.000 Illinois Central 4s
10.000 M. Cent. & E. & N. A. 4s
20.000 N. Y., N. H. & H. 3Ms
10.000 N. Y., N. H. & H. 4s
9.000 Old Colony 4s
10.000 Pennsylvania 4Hs
20.000 Penobscot Shore Line 4s

D a t e s of E x a m in a t io n , April 20, 21.


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

Par Value.
$10,000 P., Gt. Falls & Con. 4Ks
10.000 Washington Co. 3}4s
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
10.000 West End 4s
15.000 West End 5s

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
10 Webster & Atlas Nl. Bk., Boston

42

REPO RT OF THE

[Pub. Doc.

BRISTOL COUNTY SAVINGS BANK, TAUNTON.
35
Incorporated March 2, 1846.

BROADWAY.

Number of corporators, 62; number of trustees, 13.

G e o b g e E. W il b u r , President.
A l f r e d C . P l a c e , Treasurer.
C h e s t e r E . W a l k e r , Clerk of the Corporation.

Board of Trustees: S. G. B e e r s , C . H . B l a i n e , C. W . D a v o l , C. F. F o s t e r , F. A. H u b b a r d , F. L .
M o r s e , T . J. M o r t o n , W . R . P a r k , Jr., A. C. P l a c e , S. D . P r e s b r e t , W . T . S o p e r , E . A . T h o m a s ,
G. E. W il b u r .
Board of Investment: T . J. M

orton,

S. D . P r e s b r e y , W . T . S o p e r , E . A . T h o m a s , G. E . W

Auditing Committee: C. H. B l a in e , F. L. M

orse,

il b u r .

W . T . So p e r .

Deposits draw interest from first day of January, April, July and October; dividends are payable
April 1 and October 1. Business hours: 9 a . m . to 1 p . m . ; Saturdays, 9 a . m . to 4 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
420 loans on real estate {average o f each, $4*720.41) .
Less amount due on uncompleted loans .
.
.

.
.

.
.
.

.

.
.
*
.

.
.

.
.

.
.

.
.

.

.

.
.
.
.
.
.
.
$2,025,495 00
.
.
.
42,921 00
----------------------79 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $80,000; assessed value, $34,300)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.

.

.

Total Assets

.

.

.
.

.

.

.

.

.

.

.

.

$1,275,000 00
1,545,000 00
170,000 00
200,000 00
69,500 00
115,900 00
1,982,574
1,659,950
10,000
126,560
6,816

00
00
00
53
58

$7,161,301 11

Liabilities.
Due depositors on 13,045 accounts, averaging $501.96 each
(.Accounts opened during year, 1,256; closed, 1,343; decrease, 87)
Surplus: —
a. Guaranty fund (5.13% o f deposits; increase during year, none) .
b. Profit and loss (increase during year, $52,306.78)
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$32,645 40
b. R e n t ................................................................
20 00

Total Liabilities

.

$6,548,131 96

336,000 00
245,707 67

$32,665 40
1,203 92
---------------------

Less current expenses not charged off


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

.

31,461 48

. $7,161,301 11

43

BANK COMMISSIONER.

No. 8.1

Total Expenses for the Year, including State Taxes.
Rent. Advertising.
State Tax (Net).
Salaries.
$800.00
Amount paid for
$18,280.83 $14,061.67
.11
Cost per $1,000 of assets
2 .6 5
1.96
Cost per $1,000 of assets not including State tax and rent .

Total.
Other Expenses.
$35,062.96
$1,920.46
4 .8 9
.27
2 .2 3

Gross income received during the year, $335,482.56.

Rates on Investments and Loans (Average on All, 4.58%).
Real estate loans (average rate, 5.10 per cent.): 4}^% , $5,100; 4M % , $125,000; 5%, $1,480,424; 5 }4,%,
$68,850; 5 ^ % , $182,355; 6%, $120,845.
Personal loans (average rate, 4.81 per cent.): 4J^%, $686,200; 4 % % , $417,200; 5%, $396,550; 5J^%,
$25,000; 5}4% , $25,000; 6%, $95,000; 6 ^ % , $15,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3%, $50,000; 3J^%, $640,000;
4% , $1,889,000; 4 ^ % , $472,500; 5%, $245,000; 6%, $25,000; 7 % % , $6,700; 8%, $10,000; 9%,
$1,500;' 10%, $27,700; 12%, $10,000; 15%, $5,000.
Number of loans not over $3,000 each, 332, amounting to $368,120.
62 real estate loans made during year, amounting to $424,230.

Dividends, Deposits and Withdrawals.
$126,618 48
126,636 30
834,270 94

Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 9,637, amounting to
Number of withdrawals during year, 11,938, amounting to
N et decrease in amount due depositors

.

.

.

.
.

.
.

.

$1,087,525 72
1,097,529 10

.

.

.

.

$10,003 38

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 California 4s
50.000 Massachusetts 3Hs
50.000 Massachusetts 4s
150.000 Boston 4s
30.000 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
30.000 Lawrence 4s
25.000 Minneapolis, Minn., 4s
15.000 New Bedford 3)4s
164.000 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.
Par Value.
$90,000 Bristol Co. 4s
27,500 Bristol Co. 4J^s

Railroad Bonds.
$20,000 Bangor & Aroostook 5s
75.000 Boston & Albany 3J^s
100.000 Boston & Albany 5s
50.000 Boston & Lowell 4}4s
50.000 Boston & Maine 3L£s
50.000 Boston & Maine 4s
75.000 Boston & Maine 4}4s
50.000 Boston & Providence 4s
50.000 C., B. & Q. 3J^s
100.000 C., B. & Q. 4s
30.000 Chic., M. & St. Paul 5s
100.000 Concord & Montreal 4s
100.000 Fitchburg 3)4s
50.000 Fitchburg 4s
50.000 Fitchburg
50.000 Illinois Central 3b£s
40.000 Michigan Central 5s
50.000 N. Y „ N. H. & H. 3}^s
100.000 N. Y „ N. H. & H. 4s
150.000 Old Colony 4s

D a t e s op E x a m in a t io n , June 24, 25.


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

Par Value.
$50,000 Port. & Ogdens. 4}^s
25.000 Rome, W. & Ogdensburg 5s
50.000 St. P., Minn. & Man. 4)^s
50.000 Vermont Valley 4}^s
30.000 Wore., Nash. & R. 4s

Street Railway Bonds.
$35,000 Boston Elevated 4J^s
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
50 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
200 Taunton Nl. Bk.

REPORT OF THE

44

[Pub.r Doc.

BROADWAY SAVINGS BANK, LAWRENCE.
522 ESSEX STREET.
Incorporated March 9, 1872.

Number of corporators, 33; number of trustees, 19.

E dm u n d B . C h o a t e , Clerk of the Corporation.

Board of Trustees: C . O. A n d e e w s , J. H . B e id e , J. W . C e o s s , W . D . C u e e ie e , S. M . D e c r e e , W .
H
r , W . E.
H.. G i l e , W . D . H a b
rtsh ob
r n e , W . E . H e a l d , A . S. L a n g , L
L.. E . L o c k e , F. L . P o k
eteb
R o w e l l , G . F. R u s s e l l , W . F. R u t t e b
e, G. L
L.. S e l d e n , H
H.. L
L.. S h e r m a n , J. H . S t o n e , W . D .
T w is s , H a r r y W y l d e .

Board of Investment: W . F. R u t t e e
b , W . E . R o w e l l , L . E . L o c k e , A . S. L a n g , W . E . H e a l d .
Auditing Committee: W . D . T w is s , W . D . C u r r ie r . F. L . P o r t e r .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable the third W ednesday of April and October. Business hours: 9 a . m . to 1 p . m . ; Saturdays,
9 a . m . to 12 m . ; 2 to 3 and 7 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 30. 1915.
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
.
.
.
.
.
.
.
.
726 loans on real estate (average o f each, $4,256.97) .
.
.
.
.
.
65 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $50,000; assessed value, $47,000)
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.
.
.
.
.
.
.
.

.
.
.

.

.

$279,775
555,670
120,112
80,987
72,500
3,090,560
795,725
30,000
71,929
10,591

00
00
50
50
00
00
00
00
00
34

$5,107,850 34

Liabilities.
Due depositors on 9,682 accounts, averaging $479.46 each
.
.
.
.
.
(Accounts opened during year, 1,579; closed, 1,459; increase, 120)
Surplus: —
а. Guaranty fund (4-98% of deposits; increase during year, $8,000)
.
.
.
б. Profit and loss (increase during year, $9,482.23)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$2,702- 37
Less current expenses not charged off
.
.
.
.
969 46
-----------------------


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

Total Liabilities .

.

.

.

$4,642,169 93

231,000 00
232,947 50

1,732 91

$5,107,850 34

45

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Amount paid for
$6,868.94
$9,456.68 $1,800.00
‘Cost per $1,000 of assets
1.34
1.85
.35
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$311.47
$3,162.39
$21,599.48
.06
.62
4 .22
2 .5 3

Gross income received during the year, $242,857.48.

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 4.97 per cen t.): 4)^% , $328,000; 5%, $2,687,435; 5J^%, $32,025; 6%,
$43,100.
Personal loans (average rate, 4.79 per cent.): 3%, $25,000; 4J^%, $348,000; 5%, $356,675; 5^2%,
$5,050; 5M % . $25,000; 6%, $36,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 3%, $50,000; 3J^%, $140,000;
4% , $594,600; 4 y2% , $136,000; 5%, $100,000; 6%, $58,000; 7%, $2,500; 8%, $50,000.
Number of loans not over $3,000 each, 487, amounting to $808,165.
54 real estate loans made during year, amounting to $347,800.

, Deposits and Withdrawals.

Extra dividends declared during year,
Number of deposits during year, 13,95!

: April, 1915, 2%
Oct., 1915, 2%
April, 1915, y2%
amounting to
.

.
.
.

.
.
.

.
.

.
.

.

$86,418
87,915
21,604
814,679

84
12
71
94

$1,010,618 61
847,188 99

Number of withdrawals during year, 8,882, amounting to

$163,429 62

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 3}4s
50.000 Boston 4s
64.000 Chicago, 111., 4s
20.000 Ft. Wayne, Ind., 3J^s
25.000 Grand Rapids, Mich., 4J^s
16,600 Lawrence 4s
10.000 Lynn 4s
25.000 Portland, Ore., 6s
25.000 Seattle, Wash., ipfa
15.000 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 4b£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 3J^s
15.000 Joliet & No. Ind. 4s
50.000 Louisville & Nashville 5s
8.000 Louisville & Nashville 6s
50.000 M., S. P. & Sault S. Marie 5s
25.000 N. Y „ N. H. & H. 3J^s
50.000 N. Y-, N. H. & H. 4s
25.000 Old Colony 4s
10.000 Pensacola & Atlantic 6s
6.000 St. Paul, Minn. & Man. 4s
20.000 Washington Co. 3}4s

D a t e s of E x a m in a t io n , June 3, 4.


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

Street Railway Bonds.
Par Value.
$18,000 Boston Elevated 4s
50.000 Boston Elevated 4)^s
35.000 Boston & Northern 4s
10.000 West End 4s
10.000 Wore. & Southbridge 4}^s

Bank Stocks.
Shs.
100 Nl. Bk. of Commerce, Boston
400 Nl. Shawmut Bk., Boston
25 Webster & Atlas Nl. Bk., Boston
100 Bay State Nl. Bk., Lawrence
100 Merchants Tr. Co., Lawrence
50 Naumkeag Trust Co., Salem

„

46

REPO RT OF THE

[Pub. Doc.

BROCKTON SAVINGS BANK, BROCKTON.
5-9 NORTH MAIN STREET.
Incorporated M arch 3, 1881.

Number of corporators, 62; number of trustees, 17.

B r a d fo r d E . J o n e s , President.
C h a r l e s C . C h o o s e r , Treasurer.
M e r t o n S. G u r n e y , Clerk of the Corporation.

Board of Trustees: A . F . B a r k e r , W . F. C l e a v e l a n d , C . C . C h o o s e r , W . H . E m e r s o n , M . S. G u r ­
n e y , J o sep h H e w e t t , F. B . H o w a r d , B . E . J o n e s , P . B . K e it h , C . W . K in g m a n , F. H . P a c k a r d ,
L. W . P u f f e r , D . G. S w a i n , A n d r e w Sw a n s o n , E . M . T h o m p s o n , J. G. W i l d e , H . E . W il l ia m s .
Board of Investment: B. E . J o n e s , E . M . T h o m p so n , W . H. E m e r s o n , F. H. P a c k a r d , H. E. W il l ia m s .
Auditing Committee: F. B. H o w a r d , E . M . T h o m p so n , M . S. G u r n e y .
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 30, 1915.
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
864 loans on real estate (average of each, $4,837.97) .
Less amount due on uncompleted loans .

$537,000
1,059,841
233,307
100,000
117,185
50,000
38,000

00
00
50
00
00
00
00

3,748,005
728,447
79,000
216,369
23,161

00
50
00
42
02

00
00

46 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $101,000; assessed value, $88,WO)
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

Total Assets

$8,930,316 44

Liabilities.
Due depositors on 18,558 accounts, averaging $352.58 each
.
.
.
(Accounts opened during year, 2,663; closed, 2,686; increase, 126)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, $47,000)
b. Profit and loss (decrease during year, $8,385.11)
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$2,890 89
510 00
b. R e n t ...............................................................
----------------------Less current expenses not charged off
.
.
.
.

.

$6,543,126 74

.

.

328,000 00
56,412 64

$3,400 89
830 50
2,570 39
206 67

Balance due on foreclosure sale


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

.

Total Liabilities .

. $S,930,318 44

No. 8.]

BANK COMMISSIONER.

47

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$11,373.02 $11,970.48 $1,200.00
$579.20
$2,042.65 $27,165.35
■Cost per $1,000 of assets
1.64
1.73
.17
.08
.29
3.91
C ost per $1,000 of assets not including State tax and rent .
.......................................
2.10
Gross income received during the year, $306,741.28.

Rates on Investments and Loans (Average on All, 4.63%).
Real estate loans (average rate, 4.91 per cent.): 4J^%, $1,201,000; 4M % . $109,500; 5%, $2,036,450;
5M % , $204,225; 6%, $196,830.
Personal loans (average rate, 4.59 per cent.): 4% , $25,000; 4}^% , $568,000; 4 M % , $75,000; 5%,
$24,850; 5 ^ % , $18,710; 6%, $16,887.50.
Bonds, stocks, etc. (average rate on amounts invested, 4.15 per cent.): 3)^% , $608,000; 4%, $983,000;
4J^%, $350,000; 5%, $153,000; 6%, $67,500; 8%, $7,500.

Num ber of loans not over $3,000 each, 623, amounting to $1,066,640.
126 real estate loans made during year, amounting to $444,575.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 23,314, amounting to

$121,055 90
121,289 80
1,283,344 99

Number of withdrawals during year, 23,186, amounting to

$1,525,690 69
1,358,488 89

Net increase in amount due depositors

$167,201 80

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$70,000 Boston 4s
81.000 Brockton
44.000 Brockton 4s
50.000 Fall River 4s
30.000 Holyoke 4s
35.000 Indianapolis, Ind., 4s
60.000 Los Angeles, Cal., 4J^s
50.000 New Bedford 4s
25.000 Portland, 0., 6s
15.000 Quincy 4J^s
17.000 Stamford, Conn., 3h^s
20.000 Ashland 4s
30.000 Braintree 4s
10.000 West Bridgewater 4s

Railroad Bonds. $25,000 Boston & Albany 3Jd>s
75.000 Boston & Albany 4s
1,000 Boston & Lowell 4s

Par Value.
$25,000 Bosfon & Maine 3b£s
20.000 Boston & Maine 4s
80.000 Boston & Maine 4}^s
100.000 C„ B. & Q. 3y2s
20.000 Chicago & Northwestern 4s
10.000 Cleveland & Pitts. 4b£s
25.000 Concord & Montreal 4s
20.000 Conn. & Pass. Rivers 4s
80.000 Fitchburg 4s
50.000 Fitchburg 4bás
75.000 Illinois Central
5,000 Illinois Central 4s
25.000 Michigan Central 3J^s
25.000 Michigan Central 5s
75.000 N. Y., N. H. & H. 3^s
40.000 N. Y., N. H. & H. 4s
35.000 Old Colony 4s
25.000 Penobscot Shore Line 4s
25.000 Peoria & No. West. 3bás
30.000 Port. & Ogdens. 4bás
100.000 Portland Terminal Co. 4s

Par Value.
$35,000 Princeton & N. W. 3Hs
25.000 Vermont Valley 4J^s
25.000 Washington Co. 3J^s
3,000 Wore., Nash. & R. 4s

Street Railway Bonds.
$25,000 Boston Elevated 4b£s
10.000 Marlboro & Westboro 5s
10.000 Taunton & Brockton 5s
65.000 West End 4s
50.000 West End 5s
30.000 Worcester Consol. 4b£s
20.000 Worcester Consol. 5s
25.000 Wore. & Southbridge 4)^s

Bank Stocks.
Shs.
75 Nl. Shawmut Bk., Boston
300 Brockton Nl. Bank
125 Home Nl. Bk., Brockton

D a t e s op E x a m in a t io n a n d A u d it , February 24-M arch 4 inclusive.


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

[Pub. Doc.

REPO RT OF THE

48

BROOKLINE SAVINGS BANK, BROOKLINE.
366

C. W

WASHINGTON STREET.

il l ia m

M e r z , Clerk of the Corporation.

Board of Trustees: E . W . B a k e r , J. A . C o u s e n s , J a m e s D r is c o l l , E. M . F a r n s w o r t h , G. H.
F r a n c is , C. W . H o l t z e r , F. E . J a m e s , A . E . K e n r ic k , M a r t in K in g m a n , H . W . L a m b , P a t r ic k
O ’ L o u g h l in , C . H . S t e a r n s , J. P . S t e a r n s , W . H . W h i t e , C . B . W ig g in , F . H . W il l ia m s .

Board of Investment: A . E . K e n r ic k , E . M . F a r n s w o r t h , C. H. S t e a r n s , W . H. W h it e , J. A.
C ou sen s.

Auditing Committee: J. P. S t e a r n s , M a r t in K in g m a n , E . W . B a k e r , H. W . L a m b .
Deposits draw interest from second M onday of January, April, July and October; dividends are pay­
able the third W ednesday of January and July. Business hours: 9 a .m . to 1 p .m .; also M ondays
and Wednesdays, 3 to 5 p .m .; Saturdays, except in August, 6 to 8 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
.
.
.
.
.
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
367 loans on real estate (average of each, $6,809.51) . .
,
.
79 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures {estimated value, $30,000; assessed value, $21,800)
Real estate b y foreclosure, etc. (assessed value, $156,650) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.

.
.
.
.

$405,764 50
1,272,384 10
382,888 50
134,646 26
25,000 00
2,499,090 00
1,905,500 00
25,700 00
141,388 06
4,106 23
337,187 51
5,729 12

.

$7,139,384 28

.
.
.
.
.

.
.

.

.

.

Liabilities.
Due depositors on 18,157 accounts, averaging $374.03 each
.
.
.
.
.
$6,791,223 57
(Accounts opened during year, 1,982; closed, 1,656; increase, 326)
Surplus: —
a. Guaranty fund (3.34% o f deposits; increase during year, $16,595)
.
.
.
226,808 00
h. Profit and loss (increase during year, $1,100.55)
.
.
.
.
.
.
65,861 46
Current income: -—■
Interest
.
.
..
.
.
.
.
.
.
$60,059 58
Less current expenses not charged off
.
.
.
.
4,568 33
----------------------55,491 25


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

Total Liabilities .

. $7,139,384 28

No. 8.]

49

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net).
Salaries.
Amount paid for
$17,816.12
$10,618.83
Cost per $1,000 of assets
2.50
1.49
Cost per $1,000 of assets not including State tax and rent

Advertising. Other Expenses.
Total.
$71.20
$2,951.87
$31,458.02
.01
.41
4.41
..........................................
1.91

Gross income received during the year, $311,508.15.

Rates on Investments and Loans (Average on All, 4.60%).
Real estate loans (average rate, 4.89 per cent.): 4%, $23,500; 4J4%. $503,875; 4 % % , $32,000; 5%,
$1,906,865; 534%. $23,900; 6%, $8,950.
Personal loans (average rate, 4.56 per cent.): 3%, $25,000; 4 3£% , $255,000; 4J4%, $25,000; 434% .
$226,500; 4 % % , $81,000; 5%, $224,800; 534%. $35,200; 5M % , $8,000; 6%, $25,000.
Ponds, stocks, etc. (average rate on amounts invested, 4.31 per cent.): 3%, $25,000; 3i/i o%. $5,000;
3y10%, $7,500; 3 34%, $367,000; 4%, $928,000; 4M % , $11,000; 434% , $275,000; 5%, $388,000;
6%, $204,400; 7%, $1,000.
Number of loans not over $3,000 each, 127, amounting to $244,650.
38 real estate loans made during year, amounting to $246,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 20,654, amounting to

$124,355 27
127,421 06
1,096,409 16

Number of withdrawals during year, 12,776, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$1,348,185 49
1,023,025 89

.

$325,159 60

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 New York 434s
89.000 Boston 4s
11.000 Boston 4Ms
24.000 Brockton 334s
10.000 Brockton 4s
30.000 Cambridge 4s
20.000 Fall River 4s
3.000 Gloucester 4s
25.000 Portland, Ore., 4J4s
33.000 Quincy 4s
5.000 Brookline 3.10%
7,500 Brookline 3.40%
2.000 Brookline 334s
10.000 Concord 4s
32.000 Hyde Park 4s
21.000 Wareham 4s
50.000 Wellesley 4s

Railroad Bonds.
Par Value.
$25,000 Boston & Albany 4s
25.000 Boston & Albany 434s
25.000 Boston & Albany 5s
45.000 Boston & Maine 4s
55.000 Boston & Maine 434s
54,400 Burl. & Mo. Riv. 6s
100.000 C., B. & Q. 334s
50.000 C., B. & Q. 4s
25.000 Chic. & North. 5s
150.000 Chic. & North. 6s
55.000 Fitchburg 334s
85.000 Fitchburg 4s
25.000 Fitchburg 4J4s
25.000 Illinois Central 3s
101.000 Illinois Central 334s
25.000 N. Y. C. & H. R. 334s
25.000 N. Y. C. & H. R. 4s

D a t e s op E x a m in a t io n , February 9-12 inclusive.


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

Par Value.
$60,000 N. Y „ N. H. & H. 3J4s
210.000 N. Y „ N. H. & H. 4s
100.000 No. Maine Seaport 5s
1,000 Troy & Boston 7s

Street Railway Bonds.
$100,000 Boston Elevated 4J4s
50.000 Boston Elevated 5s
13.000 Glouces., Essex & Bev. 5s
25.000 Holyoke 5s
40.000 Lowell, Law. & Hav. 5s
60.000 Lynn & Boston 5s
15.000 South Shore & Boston 5s
40.000 West End 4s
10.000 West End 5s
20.000 Worcester Consol. 434s

50

REPORT OF THE

[Pub. Doc

CAMBRIDGE SAVINGS BANK, CAMBRIDGE.
15 DUNSTER STREET.
Incorporated April 2, 1834.
E n och B e a n e , President.

Number of corporators, 46; number of trustees, 18.

A r t h u r H . B o a r d m a n , Treasurer.
J o h n H . H u b b a r d , Clerk of the Corporation.

Board of Trustees: O. F. A l l e n , J o h n A m e e , J. H . B e a l e , E n och B e a n e , A . H . B o a r d m a n , L. N .
B r o c k , F. W . D a l l in g e r , J. C. D o w , 8. W . D r iv e r , T h o m as H a d l e y , L. M . H a r r im a n ,
J. H . H u b b a r d , H. E . M a s o n , W . B. M ’ C o y , W . B. R e id , H u n t in g t o n S a v il l e , P. F. S o u l e ,
R obert W alcott.

Board of Investment: E n o c h B e a n e , H. E . M a s o n , L. N. B r o c k , J. C. D ow .
Auditing Committee: E n och B e a n e , J. H . H u b b a r d , S. W . D r iv e r , W . B . R e id , J o h n A m b e , T h o m as
H adley.

Deposits draw interest from fourth Thursday of January, April, July and October; dividends are
payable the Friday after the fourth Thursday of January and July. Business hours: 8 a .m . to
1 p .m .; Thursdays from 8 a .m . to 4 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
1,266 loans on real estate (average of each, $4,207.88)
85 loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $95,000; assessed value, $95,000)
Real estate b y foreclosure, etc. (assessed value, $81,628)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.

.

Total Assets

$391,100
825,407
384,787
48,700
49,300
37,200
5,327,178
1,633,940
50,000
67,278
6
249,544
29,459

00
50
50
00
00
00
00
00
00
62
37
51
32

. $9,093,901 82

Liabilities.
Due depositors on 19,036 accounts, averaging $429.15 each
(Accounts opened during year, 2,495; closed, 1,580; increase, 915)
Surplus: —
a. Guaranty fund (4-87% of deposits; increase during year, $29,900)
b. Profit and loss (increase during year, $3,370.06)
Current incom e: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.
.
.
Discount

.

.

.


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

.

.

.

.

.

.

.

Total Liabilities .

$8,169,314 08

397,600 00
365,519 87
$92,285 39
4,602 50
96,887 89
64,579 98

.

1

$9,093,901 82

No. 8.'

51

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses.
Total.
$732.21
$2,294.03 $30,443 44
.08
.25
3.34
................................................................... 2.29

State Tax (Net). Salaries.
Rent.
Amount paid for
$9,597.29 $17,819.91
C ost per $1,000 of assets
1.05
1.96
C ost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $416,185.11.

Rates on Investments and Loans (Average on All, 4.96%).
Real estate loans (average rate, 5.14 per cent.): 4%, $95,000; 4 M%> $150,000; 4j^ % , $10,300; 4 % % ,
$18,000; 5%, $3,160,941; 5 ^ % , $1,870,652; 6%, $22,285.
Personal loans (average rate, 4.83 per cent.): 4%, $28,000; 4 }i % , $125,000; 4% % , $25,000; 4J^%,
$630,000; 4% % , $60,000; 4 % % . $75,000; 4 % % , $50,000; 5%, $373,030; 5J4%, $50,000; 5 ^ % ,
$76,525; 6%, $61,385; 6hC%, $55,000; 6 ^ % , $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4 .5 4 per cent.), 3lA % , $324,000; 4%, $839,100;
4\i% , $10,000; 4 V2% , $177,000; 5%, $425,000; 6%, $13,000; 7%, $6,000; 8%, $13,000; 10%,
$3,200; 12%, $15,000.
Number of loans not over $3,000 each, 683, amounting to $1,162,623.
214 real estate loans made during year, amounting to $897,805.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2\i%
July, 1915, 2 M %
Number of deposits during year, 21,064, amounting to

Number of withdrawals during year, 16,346, amounting to
N et increase in amount due depositors

.

.

.

$158,677 53
167,208 93
1,678,340 76

.
.

.

.

$2,004,227 22
1,144,591 06

.

.

. '

.

.

$859,636 16

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$40,000 Massachusetts 3}4a
50.000 Boston 4s
25.000 Bristol, Conn., 4J^s
41.000 Dayton, 0., 5s
11.000 Fitchburg 4s
50.000 Holyoke 4s
5.000 Los Angeles, Cal., 4Hs
2.000 New Bedford 3}Ha
25.000 New Bedford 4s
23.000 San Francisco, Cal., 5s
20.000 Seattle, Wash., 5s
24.000 Attleborough 4s
10.000 Revere 4his
2.000 Wakefield 3V2a

Public Funds, Notes.
$4 500 Reading 4}4a
48,100 Wakefield 4s
10,500 Wakefield 4}4a
D a tes

of

Railroad Bonds.
Par Value.
$62,000 Boston & Albany 5s
5.000 Boston & Maine 3}4a
137,000 Boston & Maine 4s
15.000 Boston & Maine 4]/2a
6.000 Boston & Providence 4s
21.000 Boston, R. B. & L. 4J^s
3.000 Burl. & Missouri Riv. 6s
47.000 C., B. & Q. sy2a
19.000 C., B. & Q. 4s
9.000 Chicago, Burl. & Quincy 5s
25.000 Chicago, Mil. & St. Paul 4s
15.000 Chic., Mil. & St. Paul 4y2a
20.000 Chic., Mil. & St. Paul 5s
30.000 Chicago & Northwestern 4s
25.000 Conn. & Pass. Rivers 4s
3.000 Conn. River 3Ms
7.000 Fitchburg 5s
62.000 Illinois Central 4s
10.000 Louisville & Nashville 5s
10.000 Louisville & Nashville 6s
38.000 Mil., L. S. & West. 5s
25.000 N. Y. C. & H. R. 4s
125,000 N. Y., N. H. & H. 3y2a

E x a m in a t io n , January 4r-8 inclusive.


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

Par Value.
$50,000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Old Colony 4s
20.000 Pennsylvania 4}4a
4.000 Ports., Gt. Falls & C’y 4J^s
15.000 St. J. & L. C. 5s
50.000 Washington Co. 3}4a

Street Railway Bonds.
$105,000 Boston Elevated 4s
35.000 Boston Elevated 4Ks
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. 4Hs

Bank Stocks.
Shs.
32 Nl. Rockland Bk., Boston
125 Nl. Shawmut Bank, Boston
5 Nl. Union Bk., Boston
150 Charles Riv. Tr. Co., Cambridge
60 First Nl. Bk., New Bedford

52

REPORT OF THE

[Pub. Doc.

CAMBRIDGEPORT SAVINGS BANK, CAMBRIDGE.
689 MASSACHUSETTS AVENUE.
Incorporated February 22, 1853.

Number of corporators, 53; number of trustees, 17.

F r e d e r ic k W . T il t o n , President.
J o s ia h F . L a n e , Clerk of the Corporation.

J o h n R . G il e s , Treasurer.

Board of Trustees: A. M . B a r n e s , H e r m a n B i r d , E . J. B r a n d o n , W . E . B u r r a g e , J. H. C o r c o r a n .
W . W . D a l l in g e r , J. A . D o w , W . H. D u n n in g , H. H. D y e r , W e l l in g t o n F il l m o r e , C h a r l e s
J a m e s , W . F. R o a p , G . A . S a w y e r , W . F. S t e a r n s , J. L. St o n e , F. W . T il t o n , H. H. W i n s l o w .
Board o f Investment: F. W . T il t o n , W . W . D a l l in g e r , J. H. C o r c o r a n , C h a r l e s J a m e s .
W e l l in g t o n

F il l m o r e .

Auditing Committee: C h a r l e s J a m e s , J. A. D ow , W . F. R o a f .
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 30, 1915.
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
.
.
.
.
730 loans on real estate {average of each, $5,612.89) .
Less amount due on uncompleted loans .
.
.
.

.
.
.
.
.
.
.

50
45
75
00
75
00

4,097,410
210,350
254,500
3,113
4,900
58,185
5,940

7600
00
39
32
10
32

$4,218,571 76
121,161 00

13 loans on personal security
.
.
.
.
.
.
Bank building and fixtures {estimated value, $200,000; assessed value, $2^8,300)
Real estate b y foreclosure, etc. {assessed value, $3,000)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
.

Total Assets

$783,892
841,936
401,690
209,800
100,408
15,000

.

$6,987,128 34

Liabilities.
Due depositors on 20,839 accounts, averaging $311.10 each
.
.
.
.
.
$6,482,962 77
{Accounts opened during year, 2,325; closed, 2,038; increase, 287)
Surplus: —
а. Guaranty fund {4 .97% o f deposits; increase during year, $7,240)
.
.
.
322,500 00
б. Profit and loss {increase during year, $15,131.26) .
.
.
.
.
.
99,121 57
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$88,456 98
Less current expenses not charged off
.
.
.
.
5,912 98
-.......... - ■------82,544 00


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

Total Liabilities .

. $6,987,128 34

BANK COMMISSIONER.

No. S.]

53

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$7,666.43 $12,225.68 $3,415.00
$522.00
$1,937.14
$25,766.25
1.10
1.75
Cost per $1,000 of assets
.49
.07
.28
3.69
C ost per $1,000 of assets not including State tax and rent .
2 .1 0
Gross income received during the year, $304,723.36.

Rates on Investments and Loans (Average on All, 4.60%).
Beal estate loans (average rate, 4.94 per cent.): 4%, $126,500; 4^£%, $237,500; 4 % % , $67,500; 4J|%,
$98,000; 5%, $3,500,160.76; 5 ^ % , $60,950; 6%, $6,800.
Personal loans (average rate, 4.74 per cent.): 4V£%, $80,000; 4% % , $40,000; 4M % . $50,000; 4J^%,
$20,000; 5%, $10,350; 6>^%, $10,000.
Bonds, stocks, etc. (average rate on amounts invested, 3.98 per cent.): 3%, $4,000; 3^2%, $1,131,000;
4%, $904,000; 4 M % . $25,000; 4 H % . $134,000; 5%, $123,000; 6%, $33,000; 7% ,'$25,000; 8%,
$ 10,000.
Number of loans not over $3,000 each, 431, amounting to $751,029.
88 real estate loans made during year, amounting to $562,415.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 27,383, amounting to

Number of withdrawals during year, 21,846, amounting to
Net increase in amount due depositors

$119,769 08
122,055 33
1,139,427 29
$1,381,251 70
1,161,629 08
$219,622 62

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$30,000 Massachusetts 3}4s
140,000 Boston
80.000 Boston 4s
77.000 Cambridge 3J^s
20.000 Fall River 3}4s
21.000 Fitchburg 4s
25.000 Flint, Mich., 4J4s
96.000 Fort Wayne, Ind., 3J^s
25.000 Hartford, Ct., 3)^s
3.000 Haverhill 4s
10.000 Lawrence 4s
30.000 Malden 4s
40.000 Melrose 3Hs
5.000 Newton 4s
4.000 Providence, R. I., 3s
4.000 Saginaw, Mich., 4s
3.000 Salem 4s
5.000 Sioux City, Iowa, 4b£s
20.000 Somerville 4s
70.000 Springfield 3Hs
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

Railroad Bonds.
Par Value.
$30,000 N. Y., N. H. & H. 4s
Par Value.
10.000 Portland & Ogdensburg 4}^s
$25,000 Atch., Top. & St. Fe 4s
6.000 St. Paul, Minn. & Man. 4s
17.000 Bangor & Aroostook 5s
25.000 Troy & Boston 7s
25.000 Baltimore & Ohio 3J^s
3.000 Boston & Albany 3J^s
Street Railway Bonds.
60.000 Boston & Albany 4s
3.000 Boston & Lowell 3J^s
$30,000 Boston Elevated 4s
5.000 Boston & Lowell 4s
45.000 Boston Elevated 4Jis
20.000 Boston & Lowell 4b6s
15.000 Boston Elevated 5s
25.000 Boston & Maine 3b£s
50.000 Boston & Nortnern 4s
25.000 Boston & Maine 4s
1.000 East Middlesex 5s
80.000 C., B. & Q. 3^s
11.000 Marl. & Westborough 5s
10.000 C„ B. & Q. 4s
50.000 Old Colony 4s
25.000 Chic., Mil. & Puget S. 4s
25.000 Springfield 4s
25.000 Chic., Mil. & St. Paul 4)^s
1.000 Taunton & Brockton 5s
15.000 Ch., Rock Is. & Pac. 4s
80.000 West End 4s
55.000 Connecticut River 3)^s
10.000 West End 4his
20.000 Connecticut River notes 6s
62.000 West End 5s
7.000 Fitchburg
9.000 Worcester Consol. 5s
9.000 Fitchburg 4s
3.000 Worcester & Holden 5s
5.000 Fitchburg 4}^s
4.000 Worcester & Marl. 5s
13.000 Fitchburg notes 6s
14.000 Wore. & Southbridge 4b£s
50.000 Iowa, Minn. & Northw. 3J^s
125.000 Illinois Central 3J^s
Bank Stocks.
120.000 Illinois Central 4s
Shs.
40.000 Mani., Gr. Bay & N. 334>s
100 Harvard Tr. Co., Cambridge

D a t e s o f E x a m in a t io n , M ay 3, 4.


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

54

REPO RT OF THE

[Pub. Doc.

CANTON INSTITUTION FOR SAVINGS, CANTON.
576-580 WASHINGTON STREET.
Incorporated March 4, 1835.

F r a n c is

D .

President.
J. H e r b e r t

D u n b ar,

Number of corporators, 32; number of trustees, 14.

W alter
L a n d ic k ,

Board o f Trustees: W a l t e r A m e s , H. F. B u s w e l l , G. H. C a p e n , T . B . D r a p e r , F. D .
L . F e n n o , A. E. F r e n c h , C . H . F r e n c h , I. C . H o r t o n , J. P. L y n c h , E . H . R . R
R o b i n s o n , F. W . S u m n e r , G i l b e r t T o l m a n .

Board of Investment:

Auditing Committee:

F . D . D u n b ar,

F . D .

E . H.

D u n b ar,

R . R eve re,

A. E.

Treasurer.

A m es,

Clerk of the Corporation.

F ren ch ,

H.

F . B u sw ell,

T . B.

H.

D ra pe r , F .

D u n b ar, H .
e v e r e

, J. B .

L . F e n n o , G il b e r t T o l m a n .

W.

Su m n er,

I.

C .

H o rton .

Deposits draw interest from first day of January, April, July and October; dividends are payable
first Tuesday of April and October. Business hours: 8 a .m . to 12 m .; 1.30 to 4 p .m .; Saturdays,
8 a .m . to 12 m .; also M onday evenings, 7 to 8.30, for deposits only.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
166 loans on real estate (average of each, $2,631.93) .
18 loans on personal security
.
.
.
.
.
Real estate by foreclosure, etc. (assessed value, $31,200)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.
.

.
.

.
.

.

.
.

.
.
.

.

.
.
.

.

.

.

.

.
.

.
.

.

.
.

.
.

.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.

$43,987
247,850
43,825
14,230
11,300
436,900
156,200
30,254
466
37,852
1,890

50
00
00
00
00
00
00
98
31
94
58

Total A s s e t s ...................................... $1,024,757 31

Liabilities.
Due depositors on 3,067 accounts, averaging $305.64 each
(Accounts opened during year, 304; closed, 283; increase, 21)
Surplus: —
a. Guaranty fund (4.95% of deposits; increase during year, $592)
b. Profit and loss (increase during year, $5,034-78)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.


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

Total Liabilities .

$937,385 32

46,452 00
36,762 52
$4,475 55
318 08
----------------

4,157 47

. $1,024,757 31

BANK COMMISSIONER.

No. 8.]

55

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Amount paid for
$2,257.92 $2,119.97
$550.00
$159.80
$1,119.33
Cost per $1,000 of assets
2 .20
2 .0 7
. 54
.16
1.09
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.

Total.
$6,207.02
6 .06
3 .32

Gross income received during the year, $46,854.92.

Rates on Investments and Loans (Average on All, 4.80%).
Real estate loans (average rate, 5.18 per cent.): 4)^% , $30,000; 5%, $281,000; 5)4% , $3,500; 5)4% ,
$62,800; 6%, $59,600.
Personal loans (average rate, 4.93 per cent.): 4 )4% , $35,000; 4)4% , $51,500; 5%, $29,500; 5)4% ,
$20,000; 5)4% , $10,000; 6%, $10,200.
Bonds, stocks, etc. (average rate on amounts invested, 4.29 per cent.): 3)4% , $31,000; 4% , $271,000,,
4 )4 % , $35,000; 5%, $20,000; 6%, $7,500; 8%, $800; 16%, $3,000.

Number of loans not over $3,000 each, 126, amounting to $174,000.
10 real estate loans made during year, amounting to $33,100.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 2,520, amounting to
.

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

Number of withdrawals during year, 2,100, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$17,642' 3E
17,684 52:
135,467 20'

.

$170,794 03
153,815 53

.

$16,978' 5 0

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 4s
5.000 Milwaukee, Wis., 4)4s
5.000 Omaha, Neb., 4J4s
24.000 Canton 4s

Railroad Bonds.
$5,000 Baltimore & Ohio 3J4s
5.000 Boston & Albany 4s
20.000 Boston & Lowell 4s
30.000 Boston & Maine 4s
20.000 Boston & Providence 4s

D ates

o f

E x a m in a t io n ,


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

Par Value.
$10,000 C., B. & Q. 3J4s
5.000 C., B. & Q. 4s
10.000 Concord & Montreal 4s
10.000 Delaware & Hudson 4s
21.000 Fitchburg 4s
5.000 Fitchburg 4)4s
16.000 Illinois Central 3)4s
20.000 Me. Cent. & E. & N. A. 4s
15.000 Minn. St. P. & Sit. Ste. M. 4s
5.000 N. Y. C. & H. R. 4s
25.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s
20.000 Old Colony 4s

February 8, 9.

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 Nl. Bk., Boston
8 Webster & Atlas Nl. Bk., Boston
50 Neponset Nl. Bk., Canton
25 Dedham Nl. Bk.

56

REPORT OF THE

[Pub. Doc.

CAPE ANN SAVINGS BANK, GLOUCESTER.
109 MAIN STREET.
Incorporated April 15, 1846.
L in c o l n

S . S im o n d s ,

Number of corporators, 51; number of trustees, 11.

President.

D a n ie l

C onbad

R .

H an son ,

T .

B abso n ,

Treasurer.

Clerk of the Corporation.

Board o f Trustees: D . T. B a b s o n , E . W . B a b s o n , F. A . B a b k e b , S. P . F. C ook , E . S. G b i f f i n , F. C.
P e a b c e , G . H. P e b k i n s , J. J. P e w , E. L . P h i l l i p s , L. S. S i m o n d s , F. S. T h o m p s o n .
Board of Investment: F. A .

B a b k e b , J. J. P e w , S. P .

Auditing Committee: F. A .

B a b k e b , G . H . P e b k in s ,

F.
F.

C ook,

E . L.

P h il l ip s .

S. T h om pson.

Deposits draw interest from third business day of January, April, July and October; dividends are
payable M ay 1 and Novem ber 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 30, 1915.
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
763 loans on real estate (average o f each, $2,305.52) .
.
Less amount due on uncompleted loans .
.
.
.

.

.
.

.

.
.

$245,786
322,088
118,000
45,312
49,543
31,562

50
75
00
50
66
04

1,759,115
607,305
25,000
38,888
563
31,489
9,720

55
35
00
34
56
16
85

$1,770,115 55
11,000 00

112 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $60,000; assessed value, $50,000)
Real estate b y foreclosure, etc. (assessed value, $60,750)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.

Total Assets

$3,284,376 26

Liabilities.
Due depositors on 9,435 accounts, averaging $314.04 each
(Accounts opened during year, 911; closed, 884; increase, 27)
Surplus: —
a. Guaranty fund (5.06% of deposits; increase during year, none)
b. Profit and loss (increase during year, $25,076.82) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount
.
.
Due on foreclosure sales
.
Real estate suspense account


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

.
.

.
.
.

.
.
.

.

.
.
.

.
.
.

.
.
.

Total Liabilities

.
.
.

$2,962,939 20

150,000 00
145,241 59
$17,540 14
992 13
16,548
675
682
8,289

01
68
53
25

. $3,284,376 26

57

BANK COMMISSIONER.

No.

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses. Total.
$390.92
$2,933.37 $17,434.83
.12
.90
5.33
..........................................
3.71

State Tax (Net). Salaries.
Rent.
Amount paid for
$5,299.45 $8,811.09
Cost per $1,000 of assets
1.62
2.69
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $162,976.51.

Rates on Investments and Loans (Average on All, 5.06%).
Real estate loans (average rate, 5.31 per cent.): 4%, $44,800; 4}4%> $40,000; 4 % % , $40,000; 5%,
$916,154.37; 5J4%. $54,055.40 ; 6%, $652,030.78.
Personal loans (average rate, 4.52 per cent.): 3%, $10,000; 4%, $23,000; 4)4% . $21,200; 434%i
$263,700; 4M % , $5,500; 5%, $188,435.45; 5 34%. $25,000; 534%, $34,605; 6%, $9,514.90.
Bonds, stocks, etc. (average rate on amounts invested, 4.93 per cent.): 2 % % , $5,000; 3)4% , $67,000;
4%, $212,000; 4 H % , $10,000; 434%, $97,000; 5%, $221,800; 534%, $40,000; 6%, $98,100; 7%,
$32,000; 8%, $15,800; 10%, $10,000; 12%, $5,000.
Number of loans not over $3,000 each, 689, amounting to $715,781.30.
58 real estate loans made during year, amounting to $297,825.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 8,535, amounting to

$56,205 28
56,224 51
366,066 48

Number of withdrawals during year, 8,535, amounting to

$478,496 27
472,542 82

Net increase in amount due depositors

.

.

.

.

.

.

.

.

$5,953 45

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 New York 4)4s
8.000 Essex County 434s
10.000 Akron, 0., 534s
10.000 Boston 4s
3.000 Brockton 4)4s
20.000 Canton, 0., 534s
3.000 Chicopee 4s
3.000 Chicopee 4J4s
10.000 Cleveland, 0., 5s
10.000 Dayton, 0., 5s
15.000 Decatur, 111., 5s
5.000 Dubuque, Iowa, 4s
4.000 East Providence, R. I., 4s
13.000 Milwaukee, Wis., 5s
5.000 Minneapolis, Minn., 4s
20.000 New Bedford 5s
10.000 Oakland, Cal., 5}4s
10.000 Omaha, Neb., 434s
7.000 Portland, Ore., 5s
6.000 Portland, Ore., 6s
5.000 Quincy 4s
5.000 Racine, Wis., 4}4s
3.000 Acton 4s
3.000 East Longmeadow 4)4s
6.000 Franklin 4s
4.000 Winthrop 4J4s
10.000 Youngstown, 0., 434s
D ates

of

E x a m in a t io n ,


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

Public Funds, Notes.
Par Value.
$2,800 Carver 5s
20,000 Lowell 4s
5,000 Orleans 2%s

Par Value.
$8,000 Rome, Watertown & Og. 5s
10.000 San Fran. & San Joaq. Val. 5s
10.000 St. Johns. & Lake Ch. 5s
6.000 St. Paul & Northern Pac. 6s
5.000 St. Paul & Sioux City 6s
4.000 Winona & St. Peter. 7s

Railroad Bonds.
$20,000 Baltimore & Ohio 3)4s
50.000 Boston & Albany 4s
28.000 Cedar Rapids & Mo. R. 7s
10.000 C., B. & Q. 334s
9.000 C., B. & Q. 4s
12.000 C., Mil. & St. Paul 5s
17.000 C., Mil. & St. Paul 6s
10.000 Ch., St. P., Minn. & Orna. 6s
2.000 Fitchburg 4s
6.000 Fre., E. & Miss. Valley 6s
10.000 Holyoke & Westfield 434s
12.000 Illinois Central 3}4s
17.000 Louisville & Nashville 6s
3.000 Michigan Central 5s
10.000 Montana Central 6s
25.000 N. Y „ N. H. & H. 334s
10.000 No. Maine Seaport 5s
15.000 Pennsylvania 434s
10.000 Pensacola & Atlantic 6s
5.000 Philadelphia & Erie 6s
1.000 P., Gt. Falls & Con. 434s
December 27-29.

Street Railway Bonds.
$10,000 Boston Elevated 4s
25.000 Boston Elevated 5s
25.000 Boston & Northern 4s
10.000 Lynn & Boston 5s
5,000 West End 4s
10.000 West End 5s
10.000 Western Mass. 5s
25.000 Wor. Consolidated 434s

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
17 Gloucester Nl. Bk.

58

REPO RT OF THE

[Pub. Doc,

CAPE COD FIVE CENTS SAVINGS BANK, HARWICH.
Incorporated March 16, 1855.

O l iv e r

E . E ldred ge,

President.

A lph on so

Joseph

Board o f Trustees:
K e n r i c k , C. S .
E m u lous

Number of corporators, 39; number of trustees, 14.

K .

R o b b in s ,

L . W eek es,

Treasurer..

Clerk of the Corporation.

C r o w e l l , E . K . C r o w e l l , O. E . E l d r e d g e , M . W . H o w a r d , J o h n
W . M . K n o w l e s , G. H. N i c k e r s o n , 2d, J. A. N i c k e r s o n , J. K . R o b b i n s ,.
A . C . S n o w , A . L. W e e k e s , D . L. Y o u n g .

Jo sh u a
K e n t,

Sm all,

Board of Investment: A . C.

S n o w , O . E . E l d r e d g e , E . K . C r o w e l l , J o h n K e n r i c k , J o s h u a C r o w e l l ,.
W .

Auditing Committee: A . C.

Sn o w ,

J. A .

M .

K n o w les.

N ic k e r s o n ,

J. K .

R o b b in s .

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 30, 1915.
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 o f each, $1,380.09) .
.
.
.
.
78 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $4,000; assessed value, $12,100)
Real estate b y foreclosure, etc. (assessed value, $56,650) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.

.
.
.

.

.
.
.
.

.

$12,500 00'
466,845 00
44,906 25
22,700 00
11,201 00
10,100 00'
527,196 15
481,916 50>
17,500 00
47,562 75
13,000 00’
1,901 54

$1,657,329 19

Liabilities.
Due depositors on 4,253 accounts, averaging $354.39 each
(Accounts opened during year, 351; closed, 314; increase, 37)
Surplus: —
a. Guaranty fund (4.95% of deposits; increase during year, $1,700)
h. Profit and loss (increase during year, $11,001.31) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount

.


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

.

.

.

.

.

.

.

Total Liabilities .

.

.

$1,507,237 42.

74,600 00
70,325 66$4,445 80
312 18
--------------.
.
.

4,133 62
1,032 49

. $1,657,329 19

59'

BAN K COMMISSIONER.

No. 8.

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses. Total.
$49.75
$1,341.53
$10,464.44
.03
.81
6 .3 2
3 . 7a

State Tax (Net). Salaries.
Rent.
Amount paid for
$4,203.00 $4,870.16
—
Cost per $1,000 of assets
2 .5 4
2 .9 4
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $80,083.59.

Rates on Investments and Loans (Average on All, 4.67%).
Real estate loans (average rate, 5.34 per cent.): 4J^%, $43,500; 4 % % , $5,000; 5%, $264,724.80; 5M % »
$16,000; 5}4% , $20,000; 6%, $166,015.85; 7%, $11,955.50.
Personal loans (average rate, 4.62 per cent.): 4J^%, $75,000; 4J^%, $225,000; 4 % % , $35,000; 4 % % y
$45,000; 5%, $89,000; 6%, $12,91.6.50.
Bonds, stocks, etc. (average rate on amounts invested, 4.10 per cent.); 3J^%, $60,000; 4%, $458,000;
4 K % , $35,500; 5%, $10,000; 6%, $5,000; 7%, $5,000; 10%, $1,200.
Number of loans not over $3,000 each, 380, amounting to $206,378.35.
68 real estate loans made during year, amounting to $64,053.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 2,466, amounting to

$28,436 07
28,567 22
197,439 87

Number of withdrawals during year, 2,571, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$254,443 16222,658 67

.

$31,784 49*

SCHEDULE OF SECURITIES OWNED.
Public Funds, Notes.
Par Value.
$7,500 Chatham 4s
4,500 Dennis 4s
250 Dennis 4)^s
250 Harwich 43-is

Railroad Bonds.
$65,000 Boston & Albany 4s
100,000 Boston & Maine 4s
70,000 Chic. & Northw. 4s

D ates

o f

E x a m in a t io n ,


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

Par Value.
$10,000 C., B. & Q. 4s
25.000 Concord & Montreal 4s
20.000 Conn. & Pass. Rivers 4s
10.000 Illinois Central 3Hs
50.000 N. Y., N. H. & H. 3V2s
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 4J^s

N ovember 15, 16.

Street Railway Bonds.
Par Value.
$25,000 Boston Elevated 4s
20,000 Worcester Consolidated 4Hs

Bank Stocks.
Shs.
50 Fourth-Atlantic Nl. Bk., Boston
12 Merchants Nl. Bk., Boston
31 Nl. Bk. of Commerce, Boston
38 Cape Cod Nl. Bk., Harwich
12 First Nl. Bk., Yarmouthport

60

REPO RT OF THE

[Pub. Doc.

CENTRAL SAVINGS BANK, LOWELL.
58 CENTRAL STREET.
Incorporated M arch 3, 1871.
H en ry

W.

B arn es,

Number of corporators, 55; number of trustees, 24.

President.
H arold

A rth u r

D.

M acdonald,

J.

M u rk lan d ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: F r e d e r i c k A y e r , H . W . B a r n e s , H . E. F l e t c h e r , W . E . H a l l , H. H . H a r r i s ,
G. L. H u n t o o n , H . A . K i n g , J. E . L a m o u r e u x , C. S. L i l l e y , P. S. M a r d e n , G. F. M a r t i n ,
A . J. M u r k l a n d , A . G. P o l l a r d , H . G. P o l l a r d , A m a s a P r a t t , M . H . P r a t t , J. L. R o b e r t ­
s o n , W . T . S h e p p a r d , F. K . S t e a r n s , P. F. S u l l i v a n , L. T . T r u l l , E . H . W a l k e r , C. W .
W h i d d e n , F. N . W i e r .
Board of Investment: A . G.
Auditing Committee:

H .

W.

P ollard ,

B arn es,

A masa
F. K .

P r a tt,

W . E.

Stearn s, H .

G.

H a ll,

J. L.

R obertson,

H. W .

B arn es.

P o llard .

Deposits draw interest from first Saturday of February, M ay, August and Novem 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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Stocks of banks and trust companies
1,445 loans on real estate (average of each, $2,675.20)
Less amount due on uncompleted loans .

$926,064
618,662
71,580
116,875
12,300

00
00
00
00
00

3,865,661
503,325
35,000
8,900
267,676
11,502

00
00
00
00
32
09

00
00

60 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $4-0,000; assessed value, $33,350)
Real estate b y foreclosure, etc. (assessed value, $19,500) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

$6,437,545 41

Total Assets
Liabilities.
Due depositors on 16,191 accounts, averaging $365.71 each
(Accounts opened during year, 2,353; closed, 2,560; decrease, 207)
Surplus: —
a. Guaranty fund (5.16% o f deposits; increase during year, none)
h. Profit and loss (increase during year, $25,427.52) .
Reserved for dividend .
.
.
.
.
Unearned discount
.
.
.
.
.
Suspense account
.
.
.
.
.

$5,921,259 44
305,673
94,986
114,465
778
382

00
59
25
82
31

$6,437,545 41

Total Liabilities

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$7,326.03 $15,948.00 $2,000.00
Cost per $1,000 of assets
1.14
2 .4 8
.31
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $292,285.94.


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

Advertising. Other Expenses.
Total.
$4,001.64 $29,544.37
$268.70
.62
4 .5 9
.04
3 .1 4

61

B AN K COMMISSIONER.

No. 8.

Rates on Investments and Loans (Average on All, 4.70%).
Real estate loans (average rate, 5.04 per cent.): 4%, $7,895; 4J^%, $156,850; 5%, $3,425,131; 5)^% ,
$75,050; 6%, $200,735.
Personal loans (average rate, 4.60 per cent.); 4 Y2% , $407,881; 4M % , $7,200; 5%, $83,044; 5}4% ,
$4,200; 6%, $1,000.
Bonds, stocks, etc. (average rate on amounts invested, 3.98 per cent.): 3%, $25,000; 3)4% , $20,000;
3.35%, $25,000; 3 V2%, $431,000; 3%%, $9,000; 4%, $1,081,644; 4)4% . $10,500; 4 )4 % , $114,920;
5%, $13,000; 6%, $29,000; 8%, $7,300.
Number of loans not over $3,000 each, 1,130, amounting to $1,836,430.
I l l real estate loans made during year, amounting to $309,850.

Dividends, Deposits and Withdrawals.
$112,693 61
113,870 41
751,598 39

Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2%
Number of deposits during year, 12,270, amounting to

Number of withdrawals during year, 12,001, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

$978,162 41
911,289 15

.

.

.

.

.

$66,873 26

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$65,000 Massachusetts 3)4s
25.000 Augusta, Me., 4s
52.000 Boston 3)4s
35.000 Boston 4s
3.000 Brockton 4s
10.000 Cambridge 4s
22.000 Fall River 4s
1.000 Gloucester 4s
10.000 Holyoke 4s
20.000 Lawrence 4s
59,380 Lowell 4s
5,920 Lowell 4)f>s
12.000 Lynn 3)4s
5,600 Lynn 4s
15.000 New Bedford 3)4s
34.000 New Bedford 4s
20.000 Pittsfield 3)4s
3.000 Providence, R. I., 4s
2,500 Salem 4s
1.000 St. Albans, Vt., 4s
3.000 Taunton 3)4s
3.000 Waltham 4s
22.000 Billerica 3)4s
69.000 Billerica 4s
36.000 Billerica 4)4s
2.000 Boothbay Harbor, Me., 4s
5.000 Brookline 3)4s
7.000 Clinton 3)4s
1.000 Dedham 3)4s
6.000 East Bridgewater 4s
2.000 Falmouth 4s
6.000 Framingham 3)4s

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

and

Par Value.
$3,000 Ipswich 4s
2.000 Lexington 4)ás
17.000 Methuen 4s
2.000 Needham 4s
5,300 North Attleborough 4s
10.000 Revere 3Ks
4.000 Stoughton 4)£s
3.000 Watertown 4s
12.000 Winchester 3Hs
58.000 North Chelmsford (F.D.) 4s

Public Funds, Notes.
$6,000 Beverly 3)^s
3,864 Everett 4s
25.000 Holyoke 3s
50.000 Medford 3)^s
15.000 New Bedford 3)^s
4.000 Billerica 4s
3.000 Billerica 5s
4.000 Chelmsford Z%s
17.500 Chelmsford 4s
10.500 Chelmsford 4J4s
4,800 Chelmsford 4p£s
20.000 Dracut 3pés
5.000 Dracut 3%s
9.000 Dracut 4s
200 Dunstable 4)£s
3.000 Mansfield 4s
4,500 Revere 4s
25.000 Scituate 3.35%
14.000 Tewksbury 4s
2.000 Tewksbury 4%s
20.000 Ware 3)¿s

A u d it ,

July 6 - 1 5 inclusive.

Railroad Bonds.
Par Value.
$10,000 Boston & Albany 3)is
8.000 Boston & Lowell 4s
65.000 Boston & Maine 4s
35.000 Boston & Maine 4J^s
10.000 B. & N. Y. Air Line 4s
25.000 C., B. & Q. 3V2s
25.000 Cleveland & Pitts. 3)^s
10.000 Concord & Montreal 4s
91.000 Fitchburg 4s
29.000 Fitchburg notes 4s
55.000 New England R.R., 4s
100,000 N. Y., N. H. & H. 4s
25.000 Old Colony 3)^s
75.000 Old Colony 4s
30.000 Portland & R. Falls 4s
1.000 P., Gt. Falls & Con. 4}^s
5.000 Rome, W. & Ogdensburg 5s
25.000 Washington Co. 3)^s

Street Railway Bonds.
$50,000 Boston Elevated 4s
24,000 Worcester & Southbridge 4J^s

Bank Stocks.
Shs.
50 Old Lowell Nl. Bk., Lowell
73 Union Nl. Bk., Lowell

62

R E PO R T OF THE

[Pub. Doc.

CHARLESTOWN FIVE CENTS SAVINGS BANK, BOSTON.
THOMPSON SQUARE (CHARLESTOWN DISTRICT).
Incorporated April 7, 1854.
W

alter

Number of corporators, 42; number of trustees, 22.

S. G l id d e n , President.
F red

W

il l ia m

P. H a r t , Treasurer.

E. C o a t e s , Clerk of the Corporation.

Board of Trustees: J. F. B r i r y , M . E . S. C l e m o n s , F r a n k D o w , A . A . F a l e s , W . S. G l id d e n , C . A .
G r i m m o n s , S. T . H a r r i s , W . P. H a r t , C . B. J o p p , L e s l ie L a n g i l l , F r a n c is L e w i s , G . P. N a s o n ,
F - V. N o y e s , A. W . P a t c h , C . D . S a w i n , A. W . S t o v e r , W . W . S t o v e r , E . L . S w e e t s e r , J. F .
W e l l in g t o n , C l in t o n W h it e , W . E . W h it e , G e o r g e W h it in g .
Board of Investment: W . S. G l id d e n , C l i n t o n W
Auditing Committee: J. F . W

e ll in g t o n ,

h it e ,

G eorge W

A . W . Patch , M .
G r im m o n s .

h it in g ,

C. B. J o p p , A . A . F a l e s .

E . S. C l e m o n s , F . V . N o y e s , C . A .

Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable the third W ednesday of April and October. Business hours: 9 a .m . to 2 p .m .; Saturdays,
9 a .m . to 12 m .; also Wednesdays, 3 to 5 p .m .; and M ondays, for deposits only, 6.30 to 8.30 p .m

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
1,267 loans on real estate (average o f each, $5,927.&
Less amount due on uncompleted loans .

$1,790,261
963,857
. 221,625
142,305
183,303

67
50
00
00
00

7,509,819
3,398,640
70,000
490,362
89,089

00
00
00
08
78

87,520,324 00
10,505 00

176 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $80,000; assessed value, $85,000)
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.

Total Assets

$14,859,263 03

Liabilities.
Due depositors on 26,060 accounts, averaging $517.29 each
{Accounts opened during year, 4,®55; closed, %,867; increase, 1,888)
Surplus: —
a. Guaranty fund (4-90% o f deposits; increase during year, $60,000)
b. Profit and loss {increase during year, $78,416.46) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
$2,666 87
Less State or local taxes not charged off .
.
1,153 29

$13,480,511 78

660,000 00
648,329 14
$62,560 45

3,820 16
58,740 29
11,681 82

Unearned discount

Total Liabilities

$14,859,263 03

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$17,948.35 $24,751.83
$2,500.00 $1,541.95
$3,122.88 $49,865.01
Cost per $1,000 of assets
1.21
1.67
.17
.10
.21
3.36
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.98
Gross income received during the year, $670,292.51.

Rates on Investments and Loans (Average on All, 4.88%).
Real estate loans (average rate, 4.94 per cent.): 4%, $349,000; 4M % , $126,000;' 4>£%, $623,600; 4 % % ,
$91,700; 5%, $5,707,764; 5h£%, $6,000; 5 }i% , $570,860; 6%, $34,895.
Personal loans (average rate, 5.10 per cent.): 4%, $9,260; 4 ^ % , $330,050; 4 ^ % , $50,000; 4 % % ,
$890,675; 5%, $1,326,155; 5J^%, $7,500; 5M % , $164,600; 5J^%, $90,000; 5M%> $25,000; 6%,
$246,100; 6 }i% , $80,000; 6 ^ % , $104,300; 6M %- $15,000; 7%, $60,000.


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

63

BANK COMMISSIONER,

.No. 8.]

Bonds, stocks, etc. (average rate on amounts invested, 4.51 per cent.): 3%, $10,000; 3.10% $30,000;
3.30%, $40,000; 3.40%, $20,000; 3}4% , $225,000; 3.60%, $20,000; 3.65%, $35,000; 3.67%, $30,000;
3M % , $35,000; 3.80%, $20,000; 3.85%, $18,000; 4%, $1,425,378; 4M % , $144,200; 4HVo, $816,500; 4 % % , $34,000; 5%, $231,500; 5 ^ % , $90,000; 6%, $54,062.50; 7%, $2,700; 8%, $61,600;
10%, $15,000; 12%, $2,400; 14%, $27,500.
Number of loans not over $3,000 each, 754, amounting to $1,553,684.
188 real estate loans made during year, amounting to $1,477,750.

Dividends, Deposits and Withdrawals.
$237,575
251,551
31,475
2,551,418

‘Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Extra dividend declared during year,
Oct., 1915, Lt%
N um ber of deposits during year, 26,519, amounting to

72
82
36
37

$3,072,021 27
1,650,095 28

N um ber of withdrawals during year, 21,993, amounting to

$1,421,925 99

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$86,000 Massachusetts 4s
25.000 Baltimore, Md., 4s
205,000 Boston 4s
50.000 Boston 4}4s
10.000 Cambridge 4s
50.000 Canton, 0., 5^s
20.000 Chelsea 4s
8.000 Chicopee 4s
5.000 Dayton, O., 4J^s
15.000 Dayton, 0., 5J^s
14.000 Des Moines, la., 4}4s
10.000 Fall River 4s
25.000 Grand Rapids, Mich., 4J^s
25.000 Hamilton, 0., 5s
5.000 Kansas City, Mo., 5s
45.000 Los Angeles, Cal., 4J^s
33.000 Lynn 4s
2.000 Malden 4s
4.000 Marlborough 4s
23.000 Melrose 4s
39.000 Milwaukee, Wis., 4s
50.000 Minneapolis, Minn., 4s
29.000 Minneapolis, Minn., 4%s
45.000 New Bedford 4s
56.000 New Bedford 4}£s
10.000 New Bedford 4J^s
25.000 Oakland, Cal., 5%s
25.000 Omaha, Neb., 4^s
25.000 Pittsfield 4s
1.000 Providence, R. I., 4s
24.000 Salem 4s
75.000 San Francisco, Cal., 5s
15.000 Somerville 4s
15.000 Troy, N. Y., 4s
1.000 Worcester 4s
18.000 Amherst 4s
5.000 Billerica 4s
6.000 Brookline 4s
20.000 Dartmouth 4s
18.000 East Longmeadow 4]4s
1.000 Longmeadow 4J^s
18.000 Maynard 4J^s
13.000 Methuen 4s
13.000 Nantucket 5s
D ates

of

E x a m in a t io n ,


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

Par Value.
$3,200 Russell 4s
1,000 Saugus 4}4s
5,500 South Hadley 4s
25,000 Warwick, R. I., 4]/2s

Public Funds, Notes.
$6,000 Acushnet 4J4s
3.000 Acushnet 5s
13.500 Adams 4s
2,500 Buckland 4%s
15.000 Canton 3.80%
5.000 Colrain 4s
5.000 Deerfield 4s
2.000 Dighton 4s
2.000 Dighton 5s
16.000 Duxbury 4j^s
8.000 Hardwick 4s
22.000 Hatfield 4}4s
30.000 Hull 3.10%
19,900 Hull 4s
25.000 Ipswich 4s
20.000 Needham 3.30%
5.000 Randolph 3.65%
20.000 Revere 3.30%
20.000 Revere 3.40%
20.000 Revere 3.60%
20.000 Revere 3.65%
30.000 Revere 3.67%
20.000 Revere 3%s
75.500 Revere 4s
23,200 Revere 4Ms
8.000 Sandwich 3.85%
10.000 Saugus 3.65%
40,999 Walpole 4s
1,320 Ware 4s
12.000 Wareham 4s
1,259 West Brookfield 4s
562 West Brookfield 6s
5.000 West Stockbridge 3.80%
14.000 Whately 4s
15.000 Whitman 3%s
10.000 Whitman 3.85%
5.000 Winthrop 4%s

July 26 -August 6 inclusive.

Railroad Bonds.
Par Value.
$20,000 Boston & Maine 4s
280.000 Boston & Maine 4}4s
12,600 Burlington & Mo. Riv. 6s
125.000 C., B. & Q. 3J^s
10.000 C., B. & Q. 4s
84.000 Chic., Mil. & St. Paul 4J^s
50.000 Concord & Montreal 4s
64.000 Fitchburg 4s
150.000 Fitchburg 4 bás
5,000 Illinois Central 4s
100.000 N. Y. C. & H. R. 3V2s
135.000 N. Y., N. H. & H. 4s

Street Railway Bonds.
$50,000 Boston Elevated 43^s
55.000 West End 4s
25.000 West End 45^s
94.000 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
275 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
40 Metropolitan Tr. Co., Boston
100 Mutual Nl. Bk., Boston
263 Nl. Bk. of Commerce, Boston
130 Nl. Shawmut Bank, Boston
24 Second Nl. Bk., Boston
111 Webster & Atlas Nl. Bk., Boston
375 Home Nl. Bk., Brockton
75 Wachusett Nl. Bk., Fitchburg
25 Union Nl. Bk., Lowell
50 Essex Tr. Co., Lynn
34 Blue Hill Nl. Bk„ Milton

64

REPO RT OF THE

[Pub. Doc,

CHELSEA SAVINGS BANK, CHELSEA.
267 BROADWAY.
Incorporated April 29, 1854.

A lbeet

Number of corporators, 93; number of trustees, 29.

A . F i c k e t t , President.
A

l ic e

W
M. H

u t c h in s ,

B. D e n i s o n , Treasurer.

il l ia m

Clerk of the Corporation.

Board of Trustees: I. F. A t w o o d , W . A . B a s t o n , A . T . C o l l i e e , E . H . C u e e y , W . B . D e n i s o n , G . H .
D u n h a m , A . A . F i c k e t t , C . W . G o u l d , W i l l i a m G e a n t m a n , A . S. H a b b i s , J. S. H a e e o w e e ,
F. S. H e k s o m , E . R . H o a g , R . W . E . H o p p e e , F. W . K i m b a l l , A . W . L a w b e n c e , S. J. L i t t l e ­
f i e l d , W . L . M a b t i n , W . E . M c C l in t o c k , O t is M e e e i a m , W . C. M i t c h e l l , P . J. M u e b a y ,
J. M . P u t n a m , C. G . R o b e e t s , W i l l i a m R o b in s o n , J. B . S h u e t l e f f , J. C . S m i t h , H . H . S t ic k ney,

L. K . W

ash bu en .

Board of Investment: A. T . C o l l i e e , A . A. F i c k e t t , W

il l ia m

G eantm an,

E . R . H o a g , C. G . R o b e e t s .

Auditing Committee: W . E . M c C l in t o c k , F. W . K i m b a l l , I. F. A t w o o d .
Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable
the fifteenth day of April and October. Business hours, 8 a . m . to 1 P.M.; also Saturdays, for
deposits only, 4 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
1,682 loans on real estate (average o f each, $2,567.16)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.

.

.

.
.
.
.
.

.
.
.
.
.
.

.

.
.
.
.
.
.
.
.
.
.
$4,358,721 00
40,750 00

104 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $86,500; assessed value, $79,000)
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.

$647,000
583,238
123,875
68,177
6,500

OO
OO
00
50
00

4,317,971
1,641,435
26,471
221,096
26,337

00
00
98
80
37

$7,662,102 65

Liabilities.
Due depositors on 22,176 accounts, averaging $311.72 each
(Accounts opened during year, 3,659; closed, 2,737; increase, 922)
Surplus:
a. Guaranty fund (4.96% of deposits; increase during year, $21,000)
h. Profit and loss (increase during year, $32,452.84) .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Insurance account
.
.
.
.
.
.
.
.
.
Due on foreclosure sales
.
.
.
.
.
.
.
.


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

Total Liabilities .

.

$6,912,634 58

343,000 00
354,821 90
48,822 22
2,484 28
339 67

$7,662,102 65

65

BANK COMMISSIONER.

No. 8.

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Amount paid for
$8,732.53 $19,194.00 $3,500.00
Cost per $1,000 of assets
1.13
2 .5 0
.46
Cost per $1,000 of assets not including State tax and rent .

Advertising.
$270.50
.03

Other Expenses. Total.
$2,588.38 $34,285.41
.34
4 .4 6
2 .87

Gross income received during the year, $357,031.74.

Rates on Investments and Loans (Average on All, 4.89%).
Real estate loans (average rate, 5.12 per cent.): 5%, $3,591,336; 5)^% , $442,105; 6%, $284,530.
Personal loans (average rate, 4.66 per cen t.): 4)4% , $175,000; 4 )4% , $1,033,500; 454%, $10,000; 4% % ,
$45,000; 5%, $246,050; 5y2% , $41,300; 6%, $90,585.
Bonds, stocks, etc. (average rate on amounts invested, 4.51 per cent.): 3)4%, $30,000; 3.15%, $10,000;
3)4% , $50,000; 4%, $867,000; 4M % , $2,000; 4)4% , $211,000; 5%, $48,000; 6%, $239,500; 8%,
$1,500; 10%, $2,500.
Number of loans not over $3,000 each, 1,154, amounting to $1,996,541.
218 real estate loans made during year, amounting to $623,800.

Dividends, Deposits and Withdrawals.
$124,349 66
128,395 44
1,533,286 24

Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 40,390, amounting to

.

Number of withdrawals during year, 24,809, amounting to

$1,786,031 34
1,381,115 02
$404,916 32

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 3)4s
20.000 Attleborough 4s
148,000 Boston 4s
2.000 Boston 4)4s
60.000 Brockton 4s
35.000 Chelsea 4s
25.000 Everett 4s
30.000 Fall River 4s
35.000 Los Angeles, Cal., 4)4s
15.000 McKeesport, Pa., 4s
5.000 Melrose 4s
50.000 Newark, N. J., 4)4s
25.000 New Bedford 4s
21.000 Portland, 0., 6s
10.000 Quincy 4s
42.000 Springfield 4s
20.000 Springfield, Mo., 5s
31.000 St. Paul, Minn., 4)^s
5.000 Waterbury, Ct.,
3.000 Abington 4s

Public Funds, Notes.
Par Value.
$10,000 Adams 3.15%
30.000 Walpole Zyss

Railroad Bonds.

$3,000 Aroostook Northern 5s
22.000 Atch., Top. & Santa Fe 4s
5.000 Boston & Albany 4s
25.000 Boston & Lowell 4s
8.000 Boston & Maine 4s
Street Railway Bonds.
55.000 Boston & Maine 4)^s
$40,000 Boston Elevated 4s
14.000 Burlington & Mo. Riv. 6s
15.000 Boston Elevated 4j4>s
15.000 Central R.R. of N. J. 5s
25.000 Boston & Northern 4s
30.000 C., B. & Q. 4s
50.000 West End 4s
20.000 Chic., Mil. & St. Paul 4)^s
14.000 Chic., Mil. & St. Paul 6s
Bank Stocks.
35.000 Chicago, R. I. & Pacific 4s
28.000 Chic., St. P., Minn. & Oma. 6s Shs.
25 Merchants Nl. Bk., Boston
75.000 Chicago & Northwest 6s
25 Chelsea Trust Co.
24.000 Fitchburg 4s
15 Union Nl. Bk., Lowell
15.000 Illinois Central 4s

D a t e s op E x a m in a t io n , February 15-20 inclusive.


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

Par Value.
$50,000 Louisville & Nashville 6s
15.000 Michigan Central 4s
25.000 Montana Central 6s
25.000 N. Y. & N. E. Term. 4s
25.000 N. Y., N. H. & H. 3^s
10.000 No. Maine Seaport 5s
20.000 Norwich & Wore. 4s
35.000 Old Colony 4s
10.000 Pensacola & Atlantic 6s

cc

REPO RT OF THE

[Pub. Doc.

CHICOPEE SAVINGS BANK, CHICOPEE.
14 SPRINGFIELD STREET.
Incorporated February 27, 1845.

Number of corporators, 59; number of trustees, 17.

N e l s o n B . C a r t e s , President.
C h a r l e s J. S e a v e r , Treasurer.
W il l ia m F . B o s t w ic k , Clerk of the Corporation.

Board o f Trustees: L . A . A u m a n n , G. A . B l a is d e l l , W . F . B o s t w ic k , N . B . C a r t e r , D . S. C o u r t n e y ,
C . E. C r e h o r e , F . X . D e r o in , C . J. D r is c o l l , W . J. F u l l e r , E . G. G a y l o r d , J. M . G r is é , A .
J. J e n e s , J. P . K i r b y , F . P . L u d w ig , EL A . M o r s e , J. L . P e a s e , P . C . P o n d .
Board of Investment: N . B . C a r t e r , W . J. F u l l e r , E . G . G a y l o r d , P . C . P o n d .
Auditing Committee: H. A . M o r s e , J. L. P e a s e , A . J. J e n e s .
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 30, 1915.
Assets.
$152,455
400,130
109,225
46,002
14,200
1,469,417
213,069
1,000
888
68,293
7,630

Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
American Tel. & Tel. C o. bonds
Stocks of banks and trust companies
719 loans on real estate (average of each, $2,043.69)
32 loans on personal security
Furniture and fixtures .
.
.
.
.
Premium account
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

00
00
00
50
00
00
37
00
75
94
70

$2,482,312 26

Total Assets

Liabilities.
CO

o

o

CO

98

115,900 0 0
54,312 57
$12,170 13
2,079 21
10,090 92
884 79
17 00

Unearned discount
Suspense account


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

of

Due depositors on 4,796 accounts, averaging $479.79 each
( Accounts opened during year, 830; closed, 644; increase, 186)
Surplus: —
a. Guaranty fund (5.03% of deposits; increase during year, none)
h. Profit and loss (increase during year, $15,283.13) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

Total Liabilities .

. $2,482,312 26

No. 8.

BANK COMMISSIONER,

67

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Amount paid for
$4,054.93 $4,031.98
$420.00
$294.05
$891.55
C ost per $1,000 of assets
1.63
1.62
.17
.12
.36
C ost per $1,000 of assets not including State tax and rent .

Total.
$9,692.51
3 .90

2.10

Gross income received during the year, $113,071.53.

Rates on Investments and Loans (Average on All, 4.70%).
Real estate loans (average rate, 4.99 per cent.): 4% % , $4,000; 4 H % , $6,650; 5%, $1,458,767.
Personal loans (average rate, 4.93 per cent.): 4 )4 % , $15,000; 4 )4% , $85,000; 5%, $50,355; 5)4% ,
$46,564.37; 6%, $16,150.
Bonds, stocks, etc. (average rate on amounts invested, 4.04 per cent.): 3)4% , $205,000; 4% , $408,200;
4 )4 % , $80,000; 5%, $25,000; 6%, $6,600; 10%, $5,000.
Number of loans not over $3,000 each, 621, amounting to $885,757.
61 real estate loans made during year, amounting to $79,300.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 5,816, amounting to

$43,644 78
43,499 94
444,446 16

Number of withdrawals during year, 4,491, amounting to

$531,590 88
476,997 54

Net increase in amount due depositors

$54,593 34

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$20,000 California 4s
10.000 Massachusetts 4s
10.000 Boston 4s
25.000 Detroit, Mich., 4s
15.000 Duluth, Minn., 4)4s
5.000 Fitchburg 4s
25.000 Los Angeles, Cal., 4)4s
5.000 Lowell 4s
25.000 Omaha, Neb., 4)4s
3.000 Quincy 4s
5.000 San Francisco, Cal., 5s
4.000 Amesbury 4s

Public Funds, Notes.
$1,200 Chicopee 4s

Par Value.
$25,000 Boston & Albany 3)4>s
25.000 Boston & Maine 3)^s
20.000 Boston & Maine 4s
5.000 Boston & Maine 4)^s
38.000 C., B. & Q. Zy2s
10.000 Chic., Mil. & St. Paul 4J^s
10.000 Chic., Mil. & St. Paul 5s
5.000 Chicago & Northwestern 4s
30.000 Chic., R. I. & Pac. 4s
25.000 Conn. River 3)^s
22.000 Conn. River 4s
20.000 Fitchburg 3)^s
34.000 Fitchburg 4s
30.000 Illinois Central 3)^s
14.000 Illinois Central 4s

D a t e of E x a m in a t io n , M ay 21.


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

Par Value.
$2,000 Michigan Central 3)4>s
5.000 Michigan Air Line 4s
40.000 N. Y., N. H. & H. 3)^s
45.000 N. Y., N. H. & H. 4s

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

68

[Pub. Doc.

REPO RT OF THE

CHICOPEE FALLS SAVINGS BANK, CHICOPEE FALLS.
105 MAIN STREET.
Incorporated M ay 11, 1875.

Number of corporators, 43; number of trustees, 20.

G e o r g e M . M o r t o n , President.
J oh n B . K n ig h t , Treasurer.
E u g e n e J. O ’ N e i l , Clerk of the Corporation.

Board of Trustees: C. W . B r a y , G. W . B r a y , W . J. D u n n , F . C. F l in t , L. J. G i b b s , F . L. H i n k l e y ,
W . O. K e n t e ie l d , C. W . K i n g , J. B . K n ig h t , L. N . L y o n , A . R . M a r t i n , G . M . M o r t o n , E . J.
O ’ N e i l , I. H . P a g e , W . S. P a g e , F . E . P a t t e r s o n , A . E . T a y l o r , E . R . T a y l o r , F . S. T a y l o r ,
F . N . W it h r e l .

Board of Investment: G . M . M o r t o n , F . N . W it h r e l , W . S. P a g e , A . R . M a r t i n .
Auditing Committee: F. L. H i n k l e y , W . S. P a g e , F. C. F l i n 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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
409 loans on real estate (average of each, $2,618.36) .
.
Less amount due on uncompleted loans .
.
.
.
.

.
.
.
.
.

56 loans on personal security
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

.

.

.
.

.

.
'

.
.

.
.
.
.
.
.
.

.

00
80
00
25
00

1,070,907
111,413
55,089
7,236

75
82
15
09

$1,079,507 75
8,600 00

.

.

$94,752
195,539
131,925
30,186
17,100

.
.

$1,714,149 86

Total Assets

Liabilities.
Due depositors on 4,358 accounts, averaging $366.15 each
(Accounts opened during year, 1,045; closed, 686; increase, 359)
Surplus: —
a. Guaranty fund {4.92% of deposits; increase during year, none)
h. Profit and loss {increase during year, $9,383.10)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

$1,595,691 99

78,500 00
32,433 80
$8,999 10
1,475 03
7,524 07

Total Liabilities .

. $1,714,149 86

No.

BANK COMMISSIONER.

69

Total Expenses for the Year, including State Taxes.
State rIAx (Net). Salaries.
Rent.
Amount paid for
$2,205.84 $3,280.00
$300.00
Cost per $1,000 of assets
1.29
1.91
.17
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$180.20
$843.30
$6,809.34
.10
.49
3 .96
2 .5 0

Gross income received during the year, $78,140.76.

Rates on Investments and Loans (Average on All, 4.86%)
Real estate loans (average rate, 5.01 per cent.): 5%, $1,044,907.75; 5A%< $26,000.
Personal loans (average rate, 4.84 per cent.): 4 }4,%, $10,000; 4J/^%, $20,000; 5%, $50,587.02; 5A%<
$14,000; 6%, $12,776.80.
Bonds, stocks, etc. (average rate on amounts invested, 4.53 per cent.): 3A%< $82,000; 4% , $179,500;
4:}^%, $63,000; 5%, $144,900; 6%, $4,000; 7%, $7,000; 8%, $2,500; 10%, $2,000.

Number of loans not over $3,000 each, 359, amounting to $471,429.57.
35 real estate loans made during year, amounting to $67,750.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 9,175, amounting to

$28,577 36
28,674 25
398,927 32

Number of withdrawals during year, 4,860, amounting to .
Net increase in amount due depositors

.

.

.

.
.

.
.

,
.

.
.

,
.

$456,178 93
349,240 17
$106,938 76

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Cranston, R. I., iA>s
5.000 Dayton, 0., 5s
10.000 Detroit, Mich., 4s
5.000 Jamestown, N. Y., 4A s
5.000 Lawrence 4s
5.000 Los Angeles, Cal., 4J^s
5.000 Milwaukee, Wis., 4As
5.000 Minneapolis, Minn., 4s
10.000 Omaha, Neb., 4A&
8.000 Portland, Ore.', 5s
9,0C0 San Francisco, Cal., 5s
10.000 Seattle, Wash., 5s
5.000 Spokane, Wash., 4A&
2,500 E. Bridgewater 4s

Par Value.
$10,000 Boston & Albany 5s
5.000 Boston & Maine 3J^s
3.000 Boston & Maine 4s
5.000 Boston & Maine 4A&
5.000 Chic., Mil. & St. Paul 5s
15.000 Fitchburg 3)^s
5.000 Fitchburg 5s
10.000 Illinois Central 3J^s
17.000 N. Y. C. & H. R. 3^s
20.000 N. Y., N. H. & H. 3As
47.000 N. Y., N. H. & H. 4s
8.000 Northern Me. Seaport 5s
4.000 Pennsylvania 4As
3.000 Vermont Valley 4A&

Street Railway Bonds.
Railroad Bonds.
$12,000 Atch., Top. & Santa Fe 4s
15.000 Baltimore & Ohio 3As
5.000 Bangor & Aroostook 5s
17.000 Boston & Albany 4s

$10,000 Boston Elevated 4s
10.000 Boston Elevated 4A&
17 000 Boston Elevated 5s
23.000 Boston & Northern 4s
1.000 East Middlesex 4s

D a t e of E x a m in a t io n , April 12.


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

Par Value.
$3,000 Georgetown, Row. & Ips. 5s
7.000 Glou., Essex & Beverly 5s
17,300 Holyoke 5s
5.000 Lowell, Law. & Hav. 5s
11.000 Springfield 4s
8.000 Spring. & Eastern 5s
5.000 West End 5s
14.000 Worcester Consol. 5s
1.000 Worces. & Southbridge 4As
2.000 Woronoco 5s

Bank Stocks.
Shs.
16 Franklin Co. Tr. Co., Greenfield
20 Hadley Falls Nl. Bk., Holyoke
50 Home Nl. Bk., Holyoke
40 Chapin Nl. Bk., Springfield
25 Chicopee Nl Bk., Springfield
20 Springfield S. D. & T. Co.

70

[Pub. Doc,

REPORT OF THE

CITIZENS SAVINGS BANK, FALL RIVER.
6
Incorporated October, 1851.
J oh n C. M i l n e , President.

SOUTH MAIN STREET.
Number of corporators, 63; number of trustees, 20.

W il l ia m F . W i n t e r , Treasurer.
J o sep h D . M i l n e , Clerk of the Corporation.

Board of Trustees: J. E . A m io t , H e n k t A s h w o r t h , J. C . B b a d y , W . B . M . C h a c e , J. A . C h a d w ic k ,
H . II. E a r l , W . E . F a w c e t t , 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 i l n e , J. D . M il n e , J. E . O s b o r n , J. M . Sw i f t , J. T . S w i f t , W . F . T h o m a s ,
Jr., J o sep h W a t t e r s , W . F . W i n t e r .
Board o f Investment: J. C. M i l n e , H. H. E a r l , S. W . H a t h a w a y , J. M . S w i f t , P. J. H u r l e y .
Auditing Committee: H. F. G r in n e l l , J o s e p h W a t t e r s , J. C. B r a d y .
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 30, 1915.
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
.
617 loans on real estate (average of each, $¿¡-,496.02) .
Less amount due on uncompleted loans .
.
.

.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$2,783,372 00
.
.
.
9,325 01
----------------------101 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $97,600)
.
.
Real estate b y foreclosure, etc. (assessed value, $14,912) .
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.
.
.
.

.
.
.
.

.

.

.
.
.
.
.

.

.

.

.

$251,706 00
2,115,277 50
80,000 00
106,538 50
278,002 50
4,140 00

2,774,046
920,226
75,000
8,728
180,857
13,304

99
22
00
13
36
15

$6,807,827 35

Liabilities.
Due depositors on 10,368 accounts, averaging $583.49 each
.
.
.
.
.
(Accounts opened during year, 1,355; closed, 1,165; increase, 190)
Surplus: —
a. Guaranty fund (4-94% of deposits; increase during year, $7,927.11) .
b. Profit and loss (increase during year, $62,860.25) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$151,976 64
Less current expenses not charged off
.
.
.
.
7,384 77

299,134 74
269,962 60

144,591
43,378
152
936

Unearned discount and interest
Suspense account
Due on foreclosure sale


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

$6,049,671 29

Total Liabilities .

87
12
00
73

. §6,807,827 35

71

BANK COMMISSIONER

No. 8.'

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$12,745.03 $13,200.18 $3,000.00
Cost per $1,000 of assets
1.87
1.94
.44
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$163.68
$1,900.57 $31,009.46
.02
.28
4 .5 5
................................................................... 2 .24

Gross income received during the year, $351,740.81.

Rates on Investments and Loans (Average on All, 5.28%).
Real estate loans (average rate, 5.11 per cent.): 4)4% , $269,500; 4 ^ % , $95,500; 5%, $1,541,259.99;
5)4% , $777,982; 6%, $89,805.
Personal loans (average rate, 4.69 per cen t.): 4%, $5,000; 4)4% , $5,000; 4)4% , $584,000; 454%, $15,000;
5%, $279,891.22; 5)4% , $11,735; 6%, $19,600.
Bonds, stocks, etc. (average rate on amounts invested, 5.63 per cent.): 3)4%, $10,000; 3)4% , $10,000;
4% , $287,000; 4 M % , S2.900; 4)4% , $192,000; 4M % , 810,000; 5%, $927,000; 5)4% , $31,400; 6%,
$1,103,100; 7%, $208,500; 8%, $58,300; 10%, $12,900; 16%, $22,300.
Number of loans not over $3,000 each, 364, amounting to $581,479.
94 real estate loans made during year, amounting to $447,250.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 2 %
Number of deposits during year, 9,371, amounting to
.

.
.
.
.
.
$113,058 80
.......................................... 114,916 66
.
.
.
.
941,243 77

Number of withdrawals during year, 9,116, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$1,169,219 23
935,136 04

.

$234,083 19

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$20,000 Massachusetts 4s
70.000 Boston 4s
10.000 Chicago, 111., 4s
10.000 Cleveland, 0., 5s
20.000 Des Moines, Iowa, 5s
10.000 Loraine, 0., 5%
10.000 Minneapolis, Minn., 4)4s
10.000 Newark, N. J., 4)4s
15.000 New Bedford 5s
10.000 Oakland, Cal., 4)4s
5.000 Oakland, Cal., 5s
2.000 Oakland, Cal., 5)4s
10.000 Portland, Ore., 4)4s
15.000 Salem 4s
10.000 St. Paul, Minn., 4)4s

Public Funds, Notes.
$10,000 Newton 3)4s
10.000 Quincy 3)4s
1.000 Carver 4s
1.000 Chicopee 4s
2,900 Norwood 4)4s

Railroad Bonds.
Par Value.
$35,000 Bangor & Aroostook 5s
10.000 Boston & Albany 5s
11.000 Cedar Rapids & Mo. R. 7s
D a tes

o f

Par Value.
$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. 4J4s
2.000 Dakota & Gt. Southern 5s
15.000 Dela. & Hudson Canal 7s
160.000 Fre., Elkhorn & Mo. V. 6s
75.000 Housatonic 5s
36.000 Illinois Central 4s
37.000 Kal., Allegan. & G. R. 5s
80.000 Louisville & Nashville 5s
100.000 Louisville & Nashville 6s
68.000 Mahoning Coal 5s
100.000 Michigan Central 5s
136.000 Mil., L. S. & West. 5s
126.000 Mil., L. S. & West. 6s
15.000 M., St. P. & Sit. Ste. M. 4s
100.000 Mont. Cent. 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
5.000 Norfolk & Western 6s
22,500 Northwestern Union 7s
5.000 Ohio River 5s
18.000 P., Great Falls & Con. 4)4s
106.000 St. J. & L. C. 5s
17.000 St. Paul & Duluth 5s
42.000 St. P. & Northern Pac. 6s

E x a m in a t io n , December 21-23.


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

Par Value.
$96,000 St. Paul, Minn. & Man. 6s
10.000 St. P. & Sioux City 6s
12.000 Troy & Boston 7s
41.000 Winona & St. Peter 7s

Street Railway Bonds.
$15,000 Boston Elevated 4)4s
30.000 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
537 Nl. Shawmut Bk., Boston
50 Second Nl. Bk., Boston
255 Fall River Nl. Bk.
506 Metacomet Nl. Bk., Fall River
1,070 Massasoit-Pocasset Nl. Bk., Fall
River
40 Union Nl. Bk., Lowell

72

REPORT OF THE

[Pub. Doc.

CITY SAVINGS BANK OF PITTSFIELD, PITTSFIELD.*
116 NORTH STREET.
Incorporated April 13, 1893.

Number of corporators, 49; 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 e d 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 seph I n s u l l , J. F. K a h l , K . B. IMi l l e r , A . A . M j l l s , G . tV. B e a s e , H . R . P e ir s o n , A . \Y
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 ­
ton ,

C . H . W il s o n , E . P . W oo d .

Board of Investment: C. F. C o o g a n , C. H. W

il s o n ,

L. G. R o b b in s , D . J. G im l ic h , 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 30, 1915.
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
.
.
.
607 loans on real estate (average of each, $3,603.08) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.

.

.

.
.
.
.
.
12,200,006 74
12,933 71

31 loans on personal securi t y.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $89,260.27; assessed value, $75,000)
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.

Total Assets

$47,368
473,854
193,702
25,000
62,748
112,515

13
50
06
00
54
00

2,187,073
76,173
89,260
93,710
10,068

03
00
27
03
63

. $3,371,473 19

Liabilities.
Due depositors on 10,164 accounts, averaging $320.54 each
.
.
{Accounts opened during year, 2,208; closed, 1,986; increase, 222)
Surplus: —
a. Guaranty fund {2.23% of deposits; increase during year, $8,200)
b. Profit and loss {increase during year, $5,520.27)
.
.
.
.
Current income: —
Interest account, rent account, etc. .
.
.
.
.
.
Less current expenses, etc., not charged off
.
.
.
Unearned discount

.

.

.

.

.

.

.

.

.

.

.

.

72,600 00
31,714 90

$13,767 60
4,835 68
8,931 92
210 13

.

Total Liabilities

$3,258,016 24

.

.

.

.

.

$3,371,473 19

* Statements of Life Insurance Departments appear on pages immediately following page 393.


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

No. 8.

BANK COMMISSIONER.

73

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
A m ount paid for
$3,926.64
$7,381.29 $3,000.00
$471.09
$3,802.81
$18,581.83
■Cost per $1,000 of assets
1.16
2 .19
.89
.14
1.12
5 .5 0
C ost per $1,000 of assets not including State tax and rent
3 .4 5

Gross income received during the year, $156,839.40.

Rates on Investments and Loans (Average on All, 4.82%).
Real estate loans (average rate, 5.04 per cent.): 5%, $2,101,833.03; 5J^%, $550; 6%, $84,690.
Personal loans (average rate, 5.37 per cen t.): 4 % % , $5,000; 5%, $16,500; 5/4%, $51,300; 6%, $3,373.
Bonds, stocks, etc. (average rate on amounts invested, 4.27 per cent.): 3J^%, $165,000; 4% , $391,000;
4 M % , $24,000; 4)^% , $130,000; 5%, $111,600; 6%, $5,100; 8%, $41,300; 10%, $12,500; 10%%,
$2,250; 20%, $500.

Number of loans not over $3,000 each, 436, amounting to $683,824.96.
53 real estate loans made during year, amounting to $161,950.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 18,595, amounting to

. . .

Number of withdrawals during year, 13,689, amounting to

.

Net increase in amount due depositors

.

.

.

.

$58,737 34
60,257 33
829,399 11

.
.

.
.

$948,393 78
797,784 90

.
.

.

.

$150,608 88

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 Los Angeles, Cal., 4bi>s

Public Funds, Notes.
$19,000 Pittsfield 4}is
8.000 Pittsfield 5s
5.000 Hinsdale 4)4¡s

Railroad Bonds.
$10,000 Atch., Top. & San. Fé 4s
27.000 Bangor & Aroostook 5s
43.000 Boston & Albany 4s
5,000 Boston & Maine 3}4a
26.000 Boston & Maine 4s
24.000 Boston & Maine 4Hs
10.000 Boston, R. B. & L. P/is
30.000 C., B. & Q. zy2s
20.000 Chic. & Northwestern 4s

Par Value.
$4,000 Concord & Montreal 4s
5.000 Dexter & Newport 4s
5.000 Erie & Pittsburgh 3}4a
15.000 Fitchburg 4s
10.000 Fitchburg 4}4a
5.000 Holyoke & Westfield 4J^s
35.000 Illinois Central 3}4s
5.000 Michigan Central 3}4s
25.000 Minn., St. P. & Sit. Ste. M. 5s
10.000 N. Y. C. & H. R. 3}4a
20.000 N. Y., N. H. & H. 3)^8
55.000 N. Y., N. H. & H. 4s
15.000 No. Maine Seaport 5s
25.000 Pennsylvania 4J/i>s
15 000 Penobscot Shore Line 4s
10.000 Peoria & Northwestern 3)4a
10.000 Princeton & Northw. 3b£s
10.000 Sioux City & Pacific 3Hs
5,000 Upper Coos 4J^s

D a t e s of E x a m in a t io n a n d A u d it , March 22-27.


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

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 4s
26.000 Boston Elevated 4J^s
100,000 Boston & Northern 4s
6,600 Holyoke 5s
10.000 Hoosac Valley 4s
10.000 Old Colony 4s
10.000 West End 4)4a
30.000 West End 5s

Bank Stocks.
Shs.
30 Commercial Nl. Bk., Boston
60 Nl. Shawmut Bk., Boston
100 Old Colony Tr. Co., Boston
20 Safety Fund Nl. Bk., Fitchburg
35 Manufacturers Nl. Bk., Lynn
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.

74

REPO RT OF THE

[Pub. Doc,

CITY FIVE CENTS SAVINGS BANK, HAVERHILL.
46-48 WASHINGTON STREET.
Incorporated March 31, 1870.

Number of corporators, 78; number of trustees, 12.

Sy l v a n u s P . G a r d n e r , President.
G e o r g e W . N o y e s , TreasurerL e o n a r d H. N o y e s , Clerk of the Corporation.

Board of Trustees: C. L . B r ig g s , O. J. C a r l t o n , C. H . C r o y , H . E . G a l e , J. E . G a l e , S. P. G a r d n e r ,.
H. H. G il m a n , E . H . H o w e s , P e r l e y L e s l ie , G e o r g e N ic h o l s , 2d, C. A. P in g r e e , P. C. S w e t t .
Board o f Investment: S. P . G a r d n e r , J. E . G a l e , G e o r g e N ic h o l s , 2d, P. C. S w e t t , C. L. B r ig g s .
Auditing Committee: S. P . G a r d n e r , H. H. G il m a n , C . H. C r o y .
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 30, 1915.
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
601 loans on real estate (average of each, $2,996.36) .
Less amount due on uncompleted loans .

.

.

.

60
00
00
00
25
00

1,800,810
518,800
62,344
3,500
147,447
2,682

00
00
68
00
60
67

$1,810,610 00
9,800 00

37 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $60,000; assessed value, $46,000)
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

Total Assets-

$172,495
495,340
130,000
150,000
58,521
47,200

.

.

.

$3,589,141 80

Due depositors on 12,452 accounts, averaging $264.34 each
.
.
.
(.Accounts opened during year, 1,522; closed, 1,594; decrease, 72)
Surplus: —
a. Guaranty fund (4-99% of deposits; increase during year, $2,710)
b. Profit and loss (increase during year, $23,610.43) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$4,776 87
Less State or local taxes not charged off .
.
1,006 76
-----------------------

.

.

$3,291,617 32

.

.

164,285 0087,427 21

Liabilities.

5,783 63
44,765 21
288 17
758 89

Discount
Insurance account


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

$50,548 84

Total Liabilities .

. $3,589,141 80

75

BANK COMMISSIONER.

No. 8.

Total Expenses for the Year, includingsState Taxes.
Rent. Advertising.
State Tax (Net).
Salaries.
Amount paid for
$5,766.10
$8,777.95 $1,500.00 $279.24
Cost per $1,000 of assets
1.61
2.45
.42
.08
Cost per $1,000 of assets not including State tax and rent .

Other Expenses.
Total.
$1,818.73
$18,142.02
.51
5 .07
3.04

Gross income received during the year, $157,848.25.

Rates on Investments and Loans (Average on All, 4.71%).
Real estate loans (average rate, 5.04 per cent.): 5%, $1,678,520; 5)£% , $88,245; 6%, $34,045.
Personal loans (average rate, 4.83 per cent.): 4)4% , $50,000; 4.%%, $25,000; 4)4% , $195,000; 4M % ,
$113,500; 5%, $40,300; 5)4% , $10,000; 5)4% , $15,000; 6%, $45,000; 6)4% , $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.08 per cent.): 3)4% , $337,600; 4%, $588,000;
4 )4 % , $84,000; 5%, $10,000; 6%, $5,000; 6)4% , $10,000; 8%, $29,700; 10%, $2,500.
Number of loans not over $3,000 each, 445, amounting to $691,640.
89 real estate loans made during year, amounting to $274,375.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 2%
Number of deposits during year, 15,832, amounting to

$61,038 46
62,079 09
588,325 59

Number of withdrawals during year, 11,269, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

$711,443 14
606,795 83

.

.

.

.

$104,647 31

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 3J4s
60.000 Boston 4s
12.000 Chicopee 4s
15.000 Fall River 4s
11.000 Haverhill 4s
10.000 Indianapolis, Ind., 4s
14.000 Newton 4s
10.000 North Adams 4)4s
2,000 Danvers 4s

Public Funds, Notes.
$2,600 Groveland 3)4s
7.000 Groveland 4s
4.000 Groveland 4)4s

Railroad Bonds.
Par Value.
$10,000 Bennington & Rutland 4)4s
25.000 Boston & Albany 4s
75.000 Boston & Maine 4s
10.000 Boston & Maine 4)4s
20.000 C., B. & Q. 4s
25.000 Chic. & Northwestern 4s
25.000 Cleveland & Pitts. 3)4s
22.000 Fitchburg 4s
60.000 Illinois Central 3)£s
5.000 Minn. & Iowa 3)^s
50.000 N. Y. C. & H. R. 3)£s
85.000 N. Y., 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. 3Hs
15.000 Upper Coos 4s

D a t e s op E x a m in a t io n , February 15, 16.


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

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 4s
15.000 Boston Elevated 4)£s
25.000 Springfield 4s
45.000 West End 4s
10.000 West End 4)^s
25.000 Worcester Consolidated 4)£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.
100 Merchants Nl. Bk., Haverhill
47 Merrimack Nl. Bk., Haverhill

[Pub. Doc.

REPORT OF THE

76

CITY INSTITUTION FOR SAVINGS, LOWELL.
174 CENTRAL STREET.
Incorporated April 12, 1837.

Number of corporators, 37; number of trustees, 12.

C h a r l e s P . C o n a n t , President.
F r a n k W . H u r d , Treasurer.
G e o r g e E. P e r l e y , Clerk of the Corporation.

Board of Trustees: W . P . B u t t r ic k , F r a n k C o b u r n , C. P . C o n a n t , J. G. H i l l , C. E. H o x i e , L e o n a r d
H u n t r e s s , F. W . H u r d , C. F. K e y e s , W . E. L iv in g s t o n , E . G. M o r r is o n , J o s e p h P e a b o d y ,
A. D . S a r g e n t .
Board of Investment: C . P . C o n a n t , F r a n k C o b u r n , J. G . H i l l , L e o n a r d H u n t r e s s , J o seph P e a b o d y .
Auditing Committee: C. P. C o n a n t , W . P. B u t t r ic k , A . D . S a r g e n t .
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 . t o lp .M .; also Saturdays,
7 to 9 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
667 loans on real estate (average of each, 88,172.26) .
Less amount due on uncompleted loans .
66 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
Suspense account
.
.
Real estate taken for indebtedness
Deposits in national banks or trust companies
Cash and cash items
.
.

Total Assets

$554,000
2,146,667
733,843
181,923
270,150
5,616

00
50
75
75
00
59

5,450,897
1,257,286
885
1,342
2,547
1,138
328,459
2,008

05
80
00
31
32
56
58
54

05
00

$10,936,766 75

Liabilities.
Due depositors on 20,726 accounts, averaging $478.28 each
(Accounts opened during year, 2,268; closed, 1,868; increase, 895)
Surplus: —
a. Guaranty fund (5.04% o f deposits; increase during year, $17,000)
b. Profit and loss (increase during year, $27,971.94) .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Unearned discount
.
.
.
.
.
.
.
.
.
Suspense account
.
.
.
.
.
.
.
.
.


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

Total Liabilities .

$9,912,813 91

500,000 00
350,031 83
145,388 17
750 00
27,782 84

. $10,936,766 75

77

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$18,971.76 $17,816.72
$1,675.00
Cost per $1,000 of assets
1.73
1 .63
.15
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$468.96
$5,339.01 $44,271.45
.04
.49
4 .0 4
..........................................
2.16

Gross income received during the year, $500,291.03.

Rates on Investments and Loans (Average on All, 4.67%).
Real estate loans (average rate, 4.81 per cent.): 4%, $725,000; 4J^%, $498,202; 4 M %. $303,000; 5%,
$3,914,881.65; 5 ^ % , $8,175; 6%, $1,638.40.
Personal loans (average rate, 5 per cen t.); 4%, $40,376.78; 4J^%, $9,435.95; 4 % % , $1,500; 5%, $1,147,662.19; 5 ^ % , $32,906.88; 6%, $25,405.
Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): 3}^% , $451,000; 3.24%, $30,525;
4%, $2,533,000; 4M % . $50,000; 4 $ 1 9 5 , 0 0 0 ; 5%, $548,500; 6%, $6,700; 8%, $129,300;
12%, $26,500.
Number of loans not over $3,000 each, 437, amounting to $597,528.65.
123 real estate loans made during year, amounting to $863,287.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 19,396, amounting to
.

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

$186,755 80
189,358 83
1,207,468 53
$1,583,583 16
1,278,047 74

Number of withdrawals during year, 18,826, amounting to

$305,535 42

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$220,000 Boston 4s
50.000 Boston 4J4s
40.000 Fall River 4s
100.000 Lawrence 4s
70.000 Lynn 4s
35.000 Omaha, Neb., 4J^s
39.000 Cranston, R. I., 4s

Railroad Bonds.
$25,000 Atch., Top. & Santa Fe 4s
200.000 Boston & Albany 3J^s
25.000 Boston & Albany 4s
30.000 Boston & Albany 5s
59.000 Boston & Lowell 4s
100.000 Boston & Maine 3}4s
30.000 Boston & Maine 4s
60.000 Boston & Maine 4J^s
100.000 C., B. & Q. 4s
100.000 Chic., Mil. & St. Paul 5s
26.000 Chicago & North. 3J^s

Par Value.
$90,000 Chicago & North. 4s
100.000 Chic., R. I. & Pac. 4s
200.000 Concord & Montreal 4s
50.000 Conn. & Pass. Rivers 4s
166.000 Fitchburg 5s
100.000 Kal., Alleg. & G. Rap. 5s
25.000 N. Y. C. & H. R. 4s
125.000 N. Y., N. H. & H. 3J^s
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 4)^s
100,000 Boston & Northern 4s
50.000 Lynn & Boston 5s
75.000 Old Colony 4s

D a t e s of E x a m in a t io n , September 7-11 inclusive.


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

Par Value.
$50,000 Springfield 4s
150,000 West End 4s
50,000 Worcester Con. 4)^s

Bank Stocks.
Shs.
124 Boylston Nl. Bk., Boston
53 Fourth-Atlantic Nl. Bk., Boston
150 Nl. Bk. of Commerce, Boston
1,000 Nl. Shawmut Bk., Boston
36 Nl. Union Bk., Boston
40 Old Boston Nl. Bk., Boston
265 Second 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
25 First Nl. Bk., Marlborough
42 Fram. Nl. Bk., So. Framingham

78

[Pub. Doc.

REPO RT OF THE

CLINTON SAVINGS BANK, CLINTON.
79 HIGH STREET.
Incorporated M ay 15, 1851.

Number of corporators, 32; number of trustees, 16.

E l i F o b b e s , President.

C. L. S. H a m m o n d , Treasurer.
W il l ia m H a m il t o n , Clerk of the Corporation.

Board of Trustees: W . L. B a n c r o f t , W . P. B o w e r s , G. A . B r o w n , C. W . F i e l d , E l i F o r b e s , J. W .
F o r r e s t e r , E . S. F u l l e r , W . H . G i b b s , J. J. G o o d w in , W il l ia m H a m il t o n , C. L. S. H a m m o n d ,
J. A . M c Q u a id , G . F . M o r s e , G . P. T a y l o r , B a y a r d T h a y e r , J. E . T h a y e r .
Board o f Investment: E l i F o r b e s , G . P. T a y l o r , J. E . T h a y e r , E . S. F u l l e r , W . P. B o w e r s .
Auditing Committee: G. F. M o r s e , G. A. B r o w n , J. A. M c Q u a id .
Deposits draw interest from second M onday of January, April, July and October; dividends are pay­
able the second M onday of April and October. Business hours: 9 a . m . to 12 m .; 1 to 3 p . m .;
Saturdays, 9 a . m . to 1 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
477 loans on real estate (average of each, $2,250.33) .
.
63 loans on personal security
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $5,750)
Taxes, insurance, etc., paid on mortgaged properties
Premium account
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.

.

$668,205
501,243
92,000
67,200
55,655
49,500
14,926
1,073,405
971,801
1,000
5,113
1,010
10,000
125,827
16,095

.
.
.
.
.
.
.
.
.
.

.
.

.

.
.

05
75
00
00
00
00
93
95
50
00
08
72
00
54
67

$3,652,985 19

Total Assets

Liabilities.
Due depositors on 8,287 accounts, averaging $415.06 each
(Accounts opened during year, 826; closed, 786; increase, 90)
Surplus: —
a. Guaranty fund (4-96% of deposits; increase during year, $3,236)
b. Profit and loss (increase during year, $4,168.46)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Suspense account

.


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

.

.

.

.

.

.

.

Total Liabilities .

.

$3,439,576 82
170,736 00
36,991 95
$5,940 02
759 60
5,180 42
500 00

. $3,652,985 19

79

BANK COMMISSIONER.

No.

Total Expenses for the Year, including' State Taxes.
State Tax (Net). Salaries.
Rent.
Am ount paid for
$9,122.12 $6,525.00 $1,000.00
C ost per $1,000 of assets
2 .5 0
1.78
.27
C ost per $1,000 of assets not including State tax and rent .

Total.
Advertising. Other Expenses.
$18,354.26
$11.80
$1,695.34
5.01
.46
2 .2 4

Gross income received during the year, $157,806.60.

Rates on Investments and Loans (Average on All, 4.55%).
Real estate loans (average rate, 5.01 per cent.): 4%, $17,125; 4M % . $3,015; 5%, $1,027,525.95; 6%,
$25,740.
Personal loans (average rate, 4.72 per cent.): 4%, $3,250; 4 M%> $100,000; 4M % i $531,000; 4M % ,
$150,000; 5%, $69,251.50; 5M % . $25,000; 6%, $43,300; 6 M % . $50,000. •
Bonds, stocks, etc. (average rate on amounts invested, 4.09 per cent.): 3 $ 1 7 , 0 0 0 ; 3M%> $249,000;
4%, $805,500; 4M % , $11,000; 4M%, $209,100; 5%, $147,400; 6%, $4,000; 7%, $10,500.
Number of loans not over $3,000 each, 403, amounting to $460,986.46.
43 real estate loans made during year, amounting to $99,085.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 6,985, amounting to
.

.

Number of withdrawals during year, 6,056, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

.
.

$64,427 31
65,513 63
460,728 20

.

$590,669 14
495,119 72

.

$95,549 42

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 California 4s
25.000 Massachusetts 4s
10.000 New York State 4Ms
20.000 Essex Co. 4s
5.000 Boston 3Ms
54.000 Boston 4s
10.000 Buffalo, N. Y., 4Ms
20.000 Cambridge 4s
29.000 Chicago, 111., 4s
25.000 Cleveland, 0., 4Ms
5.000 Cleveland, 0., 5s
5.000 Everett 4Ms
20.000 Fall River 3Ms
26.000 Fall River 4s
4.000 Gloucester 4Ms
20.000 Hartford, Conn., 4His
10.000 Holyoke 4Ms
5.000 Los Angeles, Cal., 4His
10.000 Lowell 4s
11.000 Lynn 4J|s
11.000 New Bedford 4s
22.000 New Bedford 4Ms
5.000 Newburyport 3Ms
20.000 Pittsfield 4s
5.000 Rockville, Conn., 4s
5.000 Saginaw, Mich., 4s
20.000 Seattle, Wash., 5s
3.000 Syracuse, N. Y., 4s
15.000 Wilkes-Barre, Pa., 4His
15.000 Woonsocket, R. I., 4Ms

Par Value.
$10,000 Worcester 4s
10.000 Athol 4s
15.000 Belmont 4s
20.000 Brookline 4s
8.000 Clinton 3His
28.000 Clinton 4s
10.000 Framingham 4s
5.000 Warwick, R. I., 4His
15.000 Watertown 4s
2.500 Watertown 4Ms
20.000 Kennebec, Me. (W. D.), 3Ms
5.000 Mansfield (W. D.), 4s

Public Funds, Notes.
$2,000 Barnstable Co. 3Ms
10.000 Bourne 3Ms
44.000 Lancaster 4s
4.500 Sterling 4s
5,600 Sterling 4Ms
5,400 Sterling 5s
5.000 Yarmouth 3Ms

Railroad Bonds.
$4,000 Bangor & Aroostook 5s
18.000 Boston & Albany 3Ms
45.000 Boston & Albany 4s
10.000 Boston & Albany 5s
10.000 Boston & Lowell 4Ms
65.000 Boston & Maine 4s
20.000 C., B. & Q. 3Ms

D a te s of E x a m in a t io n , August 4 -6 inclusive.


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

Par Value.
$10,000 Chic., Mil. & St. Paul 5s
10.000 Chic. & North. 3Ms
53.000 Fitchburg 4s
5.000 Fitchburg 4Ms
13.000 Illinois Central 3Ms
10.000 Illinois Central 4s
25.000 L. S. & Mich. South. 3Ms
15.000 Michigan Central 3Ms
15.000 Mil., L. S. & W. 5s
20.000 N. Y. C. & H. R. 3Ms
5.000 N. Y , N. H. & H. 3Ms
60.000 N. Y., N. H. & H. 4s
61.000 Old Colony 4s
20.000 Portland Terminal Co. 4s
10.000 Upper Coos 4Ms

Street Railway Bonds.
$32,000 Boston Elevated 4s
20.000 Boston Elevated 4Ms
10.000 Boston Elevated 5s
10.000 West End 4Ms
20.000 West End 5s

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

80

REPORT OF THE

[Pub. Doc.

COHASSET SAVINGS BANK, COHASSET.
CORNER ELM AND BROOK STREETS.
Incorporated February 28, 1845.

Number of corporators, 32; number of trustees, 14.

C h a r l e s W . G a m m o n s , President.
C a l e b L o t h r o p , Treasurer.
R u ss e l l B . T o w e r , Clerk of the Corporation.

Board of Trustees: P h il a n d e r B a t e s , H . L. B r o w n , G. W . C o l l ie r , C . W . G a m m o n s , D . W . G il b e r t ,
O. H . H o w e , C a l e b L o t h r o p , E d w a r d N ic h o l s , S. R. N ic h o l s , F. R . P e q r a m , D . N . T o w e r ,
N . B. T ow er, R. B . T ow er, E . P . W entw orth.
Board of Investment: C. W . G a m m o n s , O. H . H o w e , D . N . T o w e r , H. L. B r o w n .
Auditing Committee: G. W . C o l l ie r , F. R . P e g r a m , R . B. T o w e r .
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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
Securities acquired in settlement of indebtedness
374 loans on real estate (average of each, $2,158.05) .
Less amount due on uncompleted loans .
.
.
.
21 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $15,000;
Taxes, insurance, etc., paid on mortgaged properties
Suspense account
.
.
.
.
.
.
Revenue stamps .
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

.
.
.
.

.
.
assessed value, $11,000)
.
.

.

.

00
75
50
60
00

807,109
122,700
10,000
96
1
23
20,004
3,856

67
00
00
98
32
52
90
93

$812,809 67
5,700 00

.

.
.

$30,075
179,048
97,407
23,102
1

$1,293,428 17

Total Assets

Liabilities.
Due depositors on 2,724 accounts, averaging $427.84 each
(Accounts opened during year, 257; closed, 201; increase, 56)
Surplus: —
a. Guaranty fund (4.92% of deposits; increase during year, $982.79)
h. Profit and loss (increase during year, $11,398.85) .
Current income: —
Interest and rent accounts
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount
.
Due on foreclosure sale


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

.
.

.
.

.
.

.
.

.
.

.
.

.
.

Total Liabilities .

.
.

$1,165,446 76

57,315 68
51,584 83
$20,257 34
1,568 22
18,689 12
377 78
14 00

. $1,293,428 17

81

BANK COMMISSIONER.

No.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$1,709.96 $2,715.00
$250.00
Cost per $1,000 of assets
1.32
2 .1 0
.20
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
*5,703.44
$991.48
$37.00
4 .4 2
.77
.03
2 .9 0

Gross income received during the year, $61,814.

Rates on Investments and Loans (Average on All, 4.96%).
Real estate loans (average rate, 5.23 per cent.): 4J^%, $5,000; 5%, $568,428; 5H%> $82,395.03; 6% ,
$151,286.64.
Personal loans (average rate, 5.14 per cent.): 4 )^ % , $35,000; 5%, $40,500; 5J^%, $21,000; 5 M % ,
$10,000; 6%, $16,200.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3J^%, $71,000; 4%, $190,000;
4 H % , $22,000; 5%, $56,000.
Number of loans not over $3,000 each, 297, amounting to $352,765.67.
53 real estate loans made during year, amounting to $85,175.

Dividends, Deposits and Withdrawals.
$22,063 25
22,217 90
146,712 46

Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 2,424, amounting to

Number of withdrawals during year, 2,246, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$190,993 61
170,613 36

.

$20,380 25

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 Massachusetts 4s
5,000 Omaha, Neb., 4)^s

Public Funds, Notes.
$10,000 Agawam 4s

Railroad Bonds.
$10,000 Ateh., Top. & Santa Fe 4s
10.000 Baltimore & Ohio 3}4s
10.000 Bangor & Aroostook 5s
15.000 Boston & Albany 5s

Street Railway Bonds.
Par Value.
$4,000 Boston & Lowell 3Hs
Par Value.
25.000 G , B. & Q. 3V2b
$25,000 Boston Elevated 4s
2.000 Chic., Mil. & St. Paul 4}^s
20.000 Boston & Northern 4s
5.000 Conn. & Pass. Rivers 4s
4.000 Boston & Revere 5s
20.000 Fitchburg 4s
5.000 Holyoke 5s
17.000 Illinois Central 3}4a
1.000 N. Bed., Middle. & Brock. 5s
5.000 Minn., St. P. & Sit. Ste. M. 5s 10.000 Old Colony 4s
10.000 N. Y., N. H. & H. 3Hs
10.000 Springfield 4s
10.000 N. Y., N. H. & H. 4s
1.000 Uxbridge & Blackstone 5s
15.000 North. Me. Seaport 5s
20.000 West End 4s
10.000 Northern Pacific 4)^s
5.000 Worcester & Southbridge 4}^s
10.000 Portland Terminal Co. 4s
5.000 Washington Co. 3J^s

D a t e s of E x a m in a t io n a n d A u d it , M ay 24-28 inclusive.


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

82

REPO RT OF THE

[Pub. Doc.

COLUMBUS SAVINGS BANK, BOSTON.
417 HANOVER STREET.
Incorporated March 25, 1908.

Number of corporators, 18; number of trustees, 11.

J oh n F. S u l l iv a n , President.
P. R o b e r t G r e e n e , Treasurer.
F l o r a V . F o p ia n o , Clerk of the Corporation.

Board of Trustees: A. A. B a d a r a c c o , L o u is B ig g i , L. J. C o s t a , Jr., H. S. F it z g e r a l d , J. J. F l y n n ,
P. R . G r e e n e , R. S. H o f f m a n , J. R . M u r p h y , A . C . Q u in c y , H. E . St o c k b r id g e , J. F . S u l l iv a n .
Board of Investment: J. F . S u l l iv a n , J. R . M u r p h y , J. J. F l y n n , A . A . B a d a r a c c o , L o u is B ig g i .
Auditing Committee: L . J. C o s t a , Jr., H. E . S t o c k b r id g e , A . C . Q u in c y .
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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
27 loans on real estate (average of each, $2,159.26)
2 loans on personal security
.
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.

.

.

.

.

.
.

.

•

$1,875
58,300
7,500
15,065
2,890

00
00
00
38
52

Total A s s e t s .......................................$85,630 90

Liabilities.
Due depositors on 299 accounts, averaging $281.08 each .
(Accounts opened during year, 83; closed, 55; increase, 28)
Surplus: —
a. Guaranty fund {.81% of deposits; increase during year, $203) .
b. Profit and loss {increase during year, $450.38)

$84,044 07

678 15
908 68

Total L iabilities.......................................$85,630 90

Total Expenses for the Year, including State Taxes.
State-Tax (Net).
Salaries.
Rent.
Amount paid for
$94.75
Cost per $1,000 of assets
1.11
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $3,664.01.


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

Advertising. Other Expenses.
$55.55
$53.75
.65
.64

Total.
$204.05
2 .4 0
1.29

S3

BANK COMMISSIONER.

No. 8.'

Rates on Investments and Loans (Average on All, 5.10%).
Real estate loans (average rate, 5.16 per cent.): 5%, $48,500; 5Ma%. $2,600; 6%, $6,600; 7%, $600.
Personal loans (average rate, 5 per cent.): 5%, $7,500.
Bonds, stocks, etc. (average rate on amounts invested, 3.73 per cen t.): 3M % . $2,000.
Number of loans not over $3,000 each, 20, amounting to $31,300.
2 real estate loans made during year, amounting to $1,200.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 743, amounting to
.

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

$44,422 12
38,317 12

Number of withdrawals during year, 511, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$1,000 Boston 3Mis
1,000
Newton 3Ms

D a t e of E x a m in a t io n , February 12.


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

$1,384 09
1.428 74
41,609 29

.

.

$6,105 00

84

REPO RT OF THE

[Pub. Doc,

COMMONWEALTH SAVINGS BANK, LYNN.
325 UNION STREET.
Incorporated M arch 28, 1900.

Number of corporators, 37; number of trustees, 18.

J o sep h G . P i n k h a m , President.
W il l ia m M . B a b n e y , Treasurer.
W il l ia m M . N y e , Clerk o f the Corporation.

Board of Trustees: G . H . A l l e n , C. N . B a r n e y , W . M . B a r n e y , M . V. B r e s n a h a n , E. E. B o y e r ,
T h o m a s C a m p b e l l , 2 d , F . J. F a u l k n e r , C. L . G r e e n , J. W . H a r d i n g , F r a n k H i l l i a r d , F . N .
H o y t , JV. M . L i b b e y , W . S. L i b b e y , W . B . L i t t l e f i e l d , P . B . M a g r a n e , W . M . N y e , J. G .
P in k h a m , G . T . T il l .

Board of Investment: W . M . L i b b e y , T h o m a s C a m p b e l l , 2d , W . M . B a r n e y .
Auditing Committee: W . M . L i b b e y , F. N . H o y t , J. W . H a r d in g .
Deposits draw interest from first W ednesday of March, June, September and December; dividends
are payable the day following the first W ednesday of June and December. Business hours: 9 a .m .
to 1 p .m .; also, Saturdays, 3 to 6 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
226 loans on real estate (average of each, $3,565.1,
Less amount due on uncompleted loans .

$50,860
108,432
29,000
22,358
5,100

00
50
00
75
00

805,786
179,916
800
6,321
299
5,837
9,206
3,160

36
88
00
80
88
99
78
81

$807,886 36
2,100 00

71 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $3,750)
Taxes, insurance, etc., paid on mortgaged properties
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
.
Cash .

Total A s s e t s .......................................$1,227,081 75

Liabilities.
Due depositors on 2,884 accounts, averaging $412.18 each
(Accounts opened during year, 346; closed, 358; decrease, 12)
Surplus: —
a. Guaranty fund (2.49% of deposits; increase during year, $3,600)
b. Profit and loss (increase during year, $928.54)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

.

$1,188,720 83
29,600 00
3,337 59

$8,159 52
2,736 19
5,423 33

Total Liabilities .

. $1,227,081 75

85

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Kent.
Advertising. Other Expenses. Total.
Amount paid for
$1,545.83
$3,670.63
$1,363.41
$581.14
$1,035.73
$8,196. *4
C ost per $1,000 of assets
1.26
2 .9 9
1.11
.47
.84 '
6 .67
Cost per $1,000 of assets not including State tax and r e n t .....................................................
4 .3 0
Gross income received during the year, $59,385.20.

Rates on Investments and Loans (Average on All, 5.02%).
Real estate loans (average rate, 5.24 per cent.): 5%, $453,851.36; 5}4,%, $8,850; 5}/2%, $302,840; 6%,
$40,245.
Personal loans (average rate, 4.97 per cent.): 4J^%, $63,590; 5%, $66,256.88; 5Jfi%, $47,370; 6%,
$2,700.
Bonds, stocks, etc. (average rate on amounts invested, 4.27 per cent.): 3J^%, $16,000; 4%, $130,000;
4J^%, $20,000; 5%, $48,000; 6%, $500; 8%, $4,600.
Number of loans not over $3,000 each, 200, amounting to $246,608.36.
25 real estate loans made during year, amounting to $42,575.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 2%
Number of deposits during year, 3,493, amounting to

$22,425 74
22,612 33
214,695 38

Number of withdrawals during year, 3,394, amounting to

$259,733 45
242,820 86
$16,912 59

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$3,000 Augusta, Me., 4s
1.000 Barre, Vt., 4s
5.000 Beverly 4s
1.000 Boston 3yis
15,000 Omaha, Neb., 4Hs

Public Funds, Notes.
$26,000 Lynn 4s

Railroad Bonds.
$6,000 Aroostook Northern 5s
5.000 Bangor & Aroostook 5s

Par Value.
$5,000 Boston & Albany 5s
5.000 B. & N. Y. Air Line 4s
10.000 Boston & Providence 4s
18.000 C., B. & Q. 4s
3.000 Chic., Mil. & St. Paul 4s
1.000 Fitchburg 4s
5.000 Fitchburg 5s
5.000 Illinois Central 3Hs
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. 3)^s

D a t e s of E x a m in a t io n , July 14-16 inclusive.


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

Street Railway Bonds
Par Value.
$5,000 Boston Elevated 4Hs
12.000 Lynn & Boston 5s
2,000 West End 4s
10.000 West End 5s

Bank Stocks.
Shs.
20 Commercial Nl. Bk., Boston
5 Peoples Nl. Bk., Boston
26 Manufacturers Nl. Bk., Lynn

REPO RT OF THE

[Pub. Doc.

CONWAY SAVINGS BANK, CONWAY.
MAIN STREET.
Incorporated March 10, 1887.

Number of corporators, 20; number of trustees, 13.

A . P . D e l a b a r r e , President.

A. C . G u il f o r d , Treasurer.

C h ar les P a r so n s,

Clerk of the Corporation.

Board of Trustees: M a x A n t e s , V. D . B a r d w e l l , 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. C . 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 ­
son,

H . D . Pease, H . T

ow n send .

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 , C. F. E l m e r , C. L. H a s s e l l .

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: 10 a . m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
,
176 loans on real estate {average of each, $1,678.81) .
23 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
Real estate b y foreclosure, etc. (.assessed value, $1,000)
Deposits in national banks or trust companies
.
Cash .
.
.
.
.
.
.
.
.
.

.

.

.

.
.
.
.

.
.
.

.

.

.

Total Assets

.
.
.
.

.

.
.

.

.
.

.

.
.
.

.

.

' .
.

.
.

.

.

$ 6,200
54,185
29,259
5,000
8,385
3,300
295,471
35,830
300
1,200
26,470
1,914

.

.
.

.

.

.
.
.
.

.
.

.

.

.
.

.
.

.

00
00
00
00
00
00
90
00
00
00
91
27

.

.

$467,516 08

Due depositors on 1,194 accounts, averaging $369.67 each
.
.
.
.
{Accounts opened during year, 66; closed, 85; decrease, 19)
Surplus: —
a. Guaranty fund (4.47% of deposits: increase during year, $1,100)
.
h. Profit and loss (decrease during year, $203.47)
.
.
.
.
.

.

$441,386 15

Liabilities.


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

Total Liabilities .

.

.
.

19,720 00
6,409 93

$467,516 08

87

BAN K COMMISSIONER.

No.

Total Expenses for the Year, including State Taxes.
Total.
Advertising. Other Expenses.
$1,947.57
$26.96
$312.01
3 .6 5
.06
.07
1.84

State Tax (Net). Salaries.
Rent.
Amount paid for
$608.60
$800.00
$200.00
Cost per $1,000 of assets
1.38
1.71
.43
Cost per $1,000 of assets not including State tax and rent .

Gross income received during the year, $21,611.09.

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5.03 per cent.): 5%, $285,195; 6%, $10,276.90.
Personal loans (average rate, 4.98 per cent.): 5%, $32,200; 6%, $2,930.
Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cent.): 3J^%, $14,000; 4%, $67,200;
4 y2%, $5,000; 5%, $20,000; 6%, $1,600.

Number of loans not over $3,000 each, 182, amounting to $251,201.90.
6 real estate loans made during year, amounting to $11,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 610, amounting to
.

Number of withdrawals during year, 541, amounting to
Net decrease in amount due depositors

.

.

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

.
.

.
.

.

.

.

.

.
.

.
.

$8,572 18
8,485 81
28,553 12
$45,611 11
55,184 78
$9,573 67

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$1,000 Newton 4s

Public Funds, Notes.
$3,200 Conway 4s
2.000 Conway 5s

Railroad Bonds.
$6,000 Bangor & Aroostook 5s
2.000 Boston & Maine 3J^s
5.000 Boston & Maine 4s

Par Value.
$2,000 C., B. & Q. 3J^s
10,000 C., B. & Q. 4s
5.000 Chic., R. I. & Pac. 4s
1.000 Conn. River 4s
1.000 Danbury & Norwalk 4s
5.000 Illinois Central 3)^s
5.000 Michigan Central 4s
10,000 N. Y „ N. H. & H. 4s
1.000 Old Colony 4s
1.000 St. J. & L. C. 5s
1.000 Wore., Nash. & R. 4s

Street Railway Bonds.
Par Value.
$5,000 Boston Elevated 4}^s
5.000 Boston Elevated 5s
10,000 Boston & Northern 4s
6.000 Mystic Valley 5s
5.000 Old Colony 4s

Bank Stocks.
Shs.
17 Conway Nl. Bk.
10 City Nl. Bk., Holyoke
6 North Adams Nl. Bk.

D a t e s o p E x a m in a t io n a n d A u d it , September 27-29 inclusive.


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

88

[Pub. Doc.

REPO RT OF THE

COUNTY SAVINGS BANK, CHELSEA.
435 BROADWAY.
Branch Office: In office of Elliot and Whittier. Winthrop.
Incorporated February 27, 1890.
A

lbert

D . B o sso n ,

Number of corporators, 121; number of trustees, 36.

President.
E ben H

W
u t c h in s o n ,

alter

S. F r a c k e r , Treasurer.

Clerk of the Corporation.

Board of Trustees: H . P. A b b o t t , T . A . A d d i s o n , I. R . A l l e n , A . B. A t w o o d , A . D . B o s s o n , C a m p ­
b e l l B o s s o n , P r e s c o t t C h a m b e r l a i n , F. A . C h e n e y , 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 i s 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 i l 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 i n s o n , C . E . L e g g , E .
H . L o w e l l , G . W . M o s e s , D . A . O ’ B r i e n , R o sc o e P i e 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

S. W

allace

S p o o n e r , D . H . Su l l iv a n , G . A . T a p l e y , F red T h e is e , C . A . W

arren,

R.

entw orth.

Board of Investment: A. D . B o s s o n , V. A. F i e l d , W . S. H i x o n , D . A. O ’ B r i e 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 i n , 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 30, 1915.
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
.
.
.
.
.
.
705 loans on real estate {average of each, $1,961.86) .
.
.
.
.
.
35 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

.

.

.

.
.
.
.
.

.
.

$268,799 70
236,760 20
120,551 92
22,931 25
29,496 25
36,690 25
1 05
1,383,114 10
274,600 05
40,000 00
112,392 90
5,707 52

.

$2,531,045 19

.

.
.
.
.

.

.

.

Liabilities.
Due depositors on 7,598 accounts, averaging $304.55 each
(Accounts opened during year, 1,152; closed, 843; increase, 309)
Surplus: -—•
a. Guaranty fund (5.10% of deposits; increase during year, $6,000)
h. Profit and loss (increase during yeqr, $18,364-54)
Current income: —
a. Interest .
.
.
.
.
.
$1,254 30
b. R e n t ...............................................................
613 34

.

118,000 00
97,885 05

$1,867 64
701 35
----------------

Less current expenses not charged off

Total Liabilities .

.

$2,313,993 85

.

.

.

1,166 29

$2,531,045 19

Total Expenses for the Year, including' State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$3,385.42
$7,526.82
Cost per $1,000 of assets
1.34
2.97
Cost per $1,000 of assets not including State tax and rent .
Gross income received_during the year, $124,917.42.


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

Advertising. Other Expenses.
Total.
$224.74
$2,505.56 $13,642.54
.09
.99
5.39
.................................................................... 4 .0 5

BANK COMMISSIONER.

No. 8.]

89

Rates on Investments and Loans (Average on All, 5.13%).
Real estate loans (average rate, 5.62 per cent.): 4%, $4,250; 4M%> $55,000;

5%, $339,700; 514 % ,
$8,675; 5M%, $165,700; 6%, $809,789.15.
Personal loans (average rate, 5.24 per cent.): 4M%. $68,775; 4M%> $25,000; 5%, $81,600; 5M%>
$25,700; 6%, $13,525; 6M%. $35,000; 6M%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cent.): 3%, $55,000; 3.37%, $10,000;
3.38%, $10,000; 3M%, $134,800; 3M%. $11,000; 4%, $313,900; 4M%, $6,300; 4.35%, $1,900;
4M%. $121,800; 5%, $40,300; 6%, $7,900; 7%, $6,500; 8%, $7,050; 10%, $2,200.
Number of loans not over $3,000 each, 629, amounting to $875,234.15.

56

real estate loans made during year, amounting to $155,340.

Dividends, Deposits and Withdrawals.
$42,644 26
43,312 10
488,675 30

Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 13,725, amounting to

Number of withdrawals during year, 8,671, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$574,631 66
500,239 50

.

$74,392 16

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$20,000 Massachusetts 3s
15.000 Massachusetts 3Ms
1.000 Allegheny, Pa,, 3Ms
16.000 Boston 4s
3,300 Brockton 3Ms
4.000 Brockton 4s
1.000 Cedar Rapids, la., 6s
4.000 Chelsea 3Ms
5.000 Chelsea 4s
25.000 Chelsea 4Ms
15.000 Chicago, 111., 4s
2.000 Fall River 4s
12.000 Flint, Mich., 4Ms
5.000 Grand Rapids, Mich., 4Ms
5.000 Los Angeles, Cal., 3%s
2.000 Lowell 3s
2.000 New Bedford 4s
5.000 Omaha, Neb., 4Ms
3.000 Portland, Ore., 4s
7.000 Salem 4s
10.000 Sioux City, la., 4Ms
5.000 So. Norwalk, Ct., 4s
1.000 Worcester 3Ms
5.000 Yonkers, N. Y., 4Ms
20.000 Gardner 4s
500 Hyde Park 4s
1,800 Longmeadow 4Ms

Public Funds, Notes.
$2,000 Bourne 4s
10,000 Brookline 3.38%
2.000 Carlisle 3Ms
3.000 Dighton 4Ms
6,500 Hull 4s
1,700 Methuen 4s
3.000 New Salem 3Ms

D

ates

o f

E x a m in a t io n ,


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

Par Value.
$10,000 Revere 3.37%
500 Revere 3Ms
6.000 Revere 3Ms
7.000 Revere 4s
7.000 Sandwich 4Ms
1,500 Saugus 4s
3,300 Westport 4Ms
1,900 Winthrop 4.35%
9.000 Blandford (F. D.), 4Ms

Railroad Bonds.
$7,000 Baltimore & Ohio 3Ms
3.000 Boston & Albany 3Ms
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
10,200 C., B. & Q. 4s
5.000 Chic., Mil. & St. Paul 4Ms
10.000 Chic. & Northwestern 4s
6.000 Chic. & Northwestern 5s
15.000 Concord & Montreal 4s
10.000 Connecticut River 3Ms
6.000 Fitchburg 4s
28.000 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
6.000 Old Colony 3Ms
6.000 Old Colony 4s
4.000 Peoria & Northw. 3Ms

June 3, 4 .

Par Value.
$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
15.000 West End 4s
7.000 West End 4Ms
3.000 Worcester & Clinton 5s
5.000 Worcester Consol. 4Ms

Bank Stocks.
Shs.
20 Beverly NI. Bk.
23 Boylston NI. Bk., Boston
25 First Ward NI. Bk., Boston
10 Merchants NI. Bk., Boston
10 Metropolitan Tr. Co., Boston
25 NI. Union Bk., Boston
12 Second NI. Bk., Boston
20 Webster & Atlas NI. Bk., Boston
2 Neponset NI. Bk., Canton
45 Chelsea Trust Co.
12 Dedham NI. Bk.
25 First NI. Bk., Newburyport
25 Warren NI. Bk., Peabody
41 Merchants NI. Bk., Salem
15 Naumkeag Trust Co., Salem
10 First NI. Bk., W. Newton

90

REPO RT OF TH E

[Pub. Doc

CROCKER INSTITUTION FOR SAVINGS, TURNERS FALLS.
40 SECOND STREET.
Incorporated April 3, 1869.

Number of corporators, 43; number of trustees, 17.

J o sep h F. B a r t l e t t , President.
N o r m a n P. F a r w e l l , Treasurer.
C h a r l e s R . S t o u g h t o n , Clerk of the Corporation.

Board of Trustees: J. F . B a r t l e t t , E. L . B a r t l e t t , H . D . B a r d w e l l , H . B . B a r t o n , A. C. B u r n ­
h a m , N . P . F a r w e l l , P o r t e r F a r w e l l , W . H . P . G il m o r e , E . L . G o d d a r d , G . H . G o d d a r d ,
J. A. G u n n , H . M . H a r l o w , J. J. L e a r y , F . H . M o n t a g u e , A . R . S m it h , C. R . S t o u g h t o n ,
M . A. W ard.
Board of Investment: J. A . G u n n , E . L . G o d d a r d , M . A. W a r d .
Auditing Committee: C. R . S t o u g h t o n , W . H. P. G il m o r e , J. J. L e a r y .
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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
410 loans on real estate (average of each, $8,225.05) .
.
.
.
.
.
.
82 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

.

.

.

.

.

.

.

$181,961 75
302,449 05
90,175 00
35,102 50
7,500 00
1,322,274 00
214,302 00
40,000 00
26,346 54
3,379 79

$2,223,490 63

Liabilities.
Due depositors on 4,843 accounts, averaging $428.69 each
(.Accounts opened during year, 411; closed, 378; increase, 33)
Surplus: —
a. Guaranty fund (5.08% of deposits; increase during year, $3,500)
b. Profit and loss (increase during year, $8,514-37)
Current incom e: —
a. Interest .
.
.
.
.
.
.
$13,928 76
b. Rent
.
.
.
.
.
.
.
510 59

Total Liabilities .

$2,076,146 85

104,500 00
30,704 76

$14,439 35
2,300 33
------------------

Less current expenses not charged off


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

.

12,139 02

. $2,223,490 63

91

BANK COMMISSIONER.

No. 8.

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Am ount paid for
$3,229.10 $4,149.92
$400.00
Cost per $1,000 of assets
1.45
1.86
.18
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
$923.90
$123.85
.41
.05

Total.
$S,826.77
3.95
2 .3 2

Gross income received during the year, $104,549.06.

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 5 per cent.): 5%, $1,322,274.
Personal loans (average rate, 5.13 per cent.): 5%, $156,807; 5M%> $57,495.
Bonds, stocks, etc. (average rate on amounts invested, 4.24 per cent.): 3%, $10,000; 3M % , $69,000;
4%, $345,700; 4M % . *20,000; 4J^%, $132,000; 5%, $46,000; 7%, $7,500.
Number of loans not over $3,000 each, 418, amounting to $404,006.
32 real estate loans made during year, amounting to $63,600.

Dividends, Deposits and Withdrawals.
$40,112 54
40,563 67
230,796 04

Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 3,491, amounting to

Number of withdrawals during year, 3,127, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$311,472 25
288,096 02

.

$23,376 23

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 California 4s
25.000 Boston 3Ms
5.000 Buffalo, N. Y., 4s
20.000 Cleveland, 0., 4Ms
20.000 Fall River 4s
15.000 Fitchburg 4s
10.000 Los Angeles, Cal., 4Ms
3.000 Lynn 4s
5.000 Minneapolis, Minn., 4s
5.000 Norwalk, Conn., 4s
10.000 San Francisco, Cal., 5s
10.000 Seattle, Wash., 5s
10.000 Peabody 3Ms

Public Funds, Notes.
$9,000 Gill 4Ms
20,700 Montague 4s

Railroad Bonds.
Par Value.
$49,000 Boston & Maine 4s
10.000 Boston & Maine 4Ms
8.000 C.. B. & Q. 3Ms
30.000 C., B. & Q. 4s
10.000 Chic., Mil. & St. Paul 4Ms
10.000 Chic., R. I. & Pacific 4s
2.000 Conn. & Pass. Rivers 4s
10.000 Delaware & Hudson Co. 4s
8.000 Fitchburg 4s
12.000 Fitchburg 4Ms
15.000 Fitchburg 5s
10.000 Illinois Central 3s
16.000 Illinois Central 3Ms
15.000 Illinois Central 4s
5.000 N. Y., N. H. & H. 3Ms
35.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s
15.000 Northern Pacific 4Ms
13.000 Old Colony 4s

Par Value.
$5,000 Sioux City & Pac. 3Ks
5.000 Upper Coos 4s
10.000 Vermont Valley
5.000 Worcester, Nash. & R. 4s

Street Railway Bonds.
$10,000 Boston Elevated 4s
40.000 Boston Elevated 4Ms
10.000 Boston & Northern 4s
1.000 Fitchburg & 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

D a t e s of E x a m in a t io n a n d A u d it , September 27-O ctober 1, inclusive.


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

92

REPORT OF THE

[Pub. Doc.

DANVERS SAVINGS BANK, DANVERS.
13 MAPLE STREET.
Incorporated March 20, 1850.

Number of corporators, 54; number of trustees, 19.

C h a r l e s H. P r e s t o n , President.
J. F r a n k P o r t e r , Treasurer.
A n s e l P . T y l e e , Clerk of the Corporation.

Board o f Trustees: G. C. A b b o t t , J o s h u a A b m it a g e , A. W . B e c k f o b d , D . S. B r o w n , G. W . C l a p p ,
L. S. C o u c h , A l f r e d H u t c h in s o n , J u l iu s P e a l e , C. N. P e r l e t , I. D . P o p e , J. F. P o r t e r ,
C. H. P r e s t o n , A. H. P u t n a m , L. J. R oss, G. B. S e a r s , W . E . S m a r t , H. S. T a p l e y , A. P. T y l e r .
I. M . W o o d b u r y .
Board o f Investment: J o sh u a A r m it a g e , C. N. P e r l e t , I. D . P o p e , C. H. P r e s t o n , H. S. T a p l e y .
Auditing Committee: A l f r e d H u t c h in s o n , G. B . S e a r s , H . S. T a p l e y , A . P . T y l e r .
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 30, 1915.
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
584 loans on real estate (average of each, $3.028.38) .
Less amount due on uncompleted loans .

95
60
75
00
00
83
80

1,768,575
97,866
47,304
3,605
59,394
1,929

42
00
91
87
24
75

$1,781,310 42
12,735 00

29 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $55,375)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

Total Assets

$232,541
474,835
161,472
85,000
50,800
15,765
506

.

.

.

.

.

$2,999,599 12

.

.

.

$2,701,222 55

Liabilities.
Due depositors on 6,980 accounts, averaging $386.99 each
.
.
(Accounts opened during year, 647; closed, 588; increase, 69)
Surplus: —
а. Guaranty fund (J.07% of deposits; increase during year, $905)
б. Profit and loss (increase during year, $20,066)
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.


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

T o ta l L ia b ilitie s

.

.
.

.
.

.
.

$15,730 27
334 29
-----------------------

134,149 00
148,831 59

15,395 98

. $2,999,599 12

93

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$3,391.89
$4,338.20
$400.00
Cost per $1,000 of assets
1.13
1.45
.13
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$90.65
$992.25
$9,212.99
.03
.33
3.07
..........................................
1.81

Gross income received during the year, $150,608.23.

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 5.20 per cent.): 4 b£%, $83,558.50; 5%, $1,046,297.45; 5M%> $2,500;
5Yi%, $477,811.44; 5 % % , $3,500; 6%, $154,908.03.
Personal loans (average rate, 4.78 per cen t.): 4p2%, $04,500; 5%, $20,000; 5)^% , $5,100; 6%, $8,266.
Bonds, stocks, etc. (average rate on amounts invested, 4.08 per cent.): 3}^% , $260,000; 4% , $575,000;
4J^%, $171,500; 5%, $27,500; 6%, $1,000; 7%, $3,100; 8%, $800; 10%, $1,000.
Number of loans not over $3,000 each, 438, amounting to $600,044.97.
98 real estate loans made during year, amounting to $284,587.92.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2)^%
Number of deposits during year, 4,975, amounting to

$51,758 43
64,864 29
323,907 47

.

$440,530 19
400,083 41

Number of withdrawals during year, 4,878, amounting to
N et increase in amount due depositors

.

.

.

.

.

.

.

.

$40,446 78

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., 4J^s
25.000 Omaha, Neb., 4J^s
10.000 Portland, Ore., 4s
5,500 Quincy 4s
10.000 San Francisco, Cal., 5s
10.000 Seattle, Wash., 4Hs
10.000 Arlington 4J^s
3,000 Danvers 3)^s
11.500 Danvers 4s
11.500 Saugus 4J^s

Railroad Bonds.
$1,000 Baltimore & Ohio 3J^s

Par Value.
$10,000 Bangor & Aroostook 5s
10.000 Boston & Albany 4s
70.000 Boston & Maine 4s
25.000 C., B. & Q. 4s
15.000 Chic., Mil. & St. Paul 4)^s
25.000 Chicago & Northwestern 4s
25.000 Conn. & Pass. Rivers 4s
50.000 Fitchburg 3p¿s
10.000 Fitchburg 4s
56.000 Illinois Central 3J^s
25.000 N. Y. C. & H. R. 4s
25.000 N. Y., N. H. & H. 3}4s
45.000 N. Y., N. H. & H. 4s
15.000 Northern Pacific 4J^s
25.000 Upper Coos 4J^s
40.000 Washington Co. 3Hs
15.000 Wore., Nash. & R. 4s

D a t e s o p E x a m in a t io n , January 14, 15 inclusive.


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

Street Railway Bonds.
Par Value.
$115,000 Boston Elevated 4s
25.000 Boston & Northern 4s
15.000 West End 4s
10.000 West End 4H>s

Bank Stocks.
Shs.
10 Beverly National Bk.
10 Merchants Nl. Bk., Boston
60 Nl. Bk. of Commerce, Boston
8 Webster & Atlas Nl. Bk., Boston
75 Danvers Nl. Bk.
21 Warren Nl. Bk., Peabody
51 Asiatic Nl. Bk., Salem
7 First Nl. Bk., Salem

94

REPORT OF THE

[Pub. Doc.

DEDHAM INSTITUTION FOR SAVINGS, DEDHAM.
603 HIGH STREET.
Incorporated M arch 19, 1831.

Number of corporators, 81; number of trustees, 15.

C o r n e l iu s A . T a f t , Clerk of the Corporation.

Board of Trustees: C. P . B a k e r , J. H . B u r d a k in , S. H . C a p e n , F. D . E l y , A . H . H o d g d o n , H . D .
H u m p h r e y , R . W . R e d m a n , F. P . R o y c e , C . A . T a f t , J. H . T u t t l e , W . H . W a d e , J. L . W a k e ­
f ie l d , W in s l o w W a r r e n , S. M . W e l d , W . C . W il l ia m s .

Board of Investment: C . P. B a k e r , W in s l o w W a r r e n , J. H. B u r d a k in , S. H. C a p e n , R . W . R e d m a n .

Auditing Committee: F. D . E l y , C . A . T a f t , A . H . H o d g d o n .

Deposits draw interest from first day of February, M ay, August and 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 OP CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
*
..........................................
611 loans on real estate (average of each, $2,780)
.
.
.
.
.
.
.
48 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $45,000; assessed value, $63,800)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.

$438,697
1,330,993
322,302
85,195
7,500
1,661,919
1,328,000
35,000
160,073

50
85
50
00
00
00
00
00
38

Total A s s e t s .......................................$5,369,681 23

Liabilities.
Due depositors on 12,160 accounts, averaging $401.48 each
.
.
.
.
.
( Accounts opened during year, 976; closed, 661; increase, 315)
Surplus: —
a. Guaranty fund (4.96% o f deposits; increase during year, $3,586.17) .
.
b. Profit and loss (increase during year, $17,021.85) .
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
.
.
.


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

Total Liabilities .

$4,881,996 03

.

242,165 23
124,467 45
121,052 52

. $5,369,681 23

No. 8.'

BAN K COMMISSIONER.

95

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$15,177.96
$9,131.00 $1,000.00
$1,307.11
$26,616.07
C ost per $1,000 of assets
2 .8 3
1.70
.19
.24
4 .9 6
C ost per $1,000 of assets not including State tax and rent .
..........................................
1.94

Gross income received during the year, $246,253.42.

Rates on Investments and Loans (Average on All, 4.64%).
Real estate loans (average rate, 5.17 per cent.): 5%, $1,174,094 ; 5)^% , $421,125; 6%, $66,700.
Personal loans (average rate, 4.79 per cent.): 4)4% , $323,000; 4)4% , $475,000; 4 f% , $25,000; 4 % % ,
$75,000; 4J%, $25,000; 5%, $105,000; 5)4% , $25,000; 5)4% , $100,000; 6%, $175,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.14 per cent.): 3)4% , $459,000; 3)4% , $1,000;
4%, $1,366,000; 4)4% , $269,000; 4)4% , $1,650; 5%, $60,000; 6%, $76,500.

Number of loans not over $3,000 each, 485, amounting to $989,849.
80 real estate loans made during year, amounting to $197,725.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2%
Number of deposits during year, 9,158, amounting to

$91,949 81
93,206 73
571,370 40

Number of withdrawals during year, 8,341, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$756,526 94
657,868 47

.

$98,658 47

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$80,000 Boston 3)4s
50.000 Boston 4s
38.000 Bridgeport, Ct., 4s
30.000 Chicago, 111., 4s
12.000 Indianapolis, Ind., 4s
35.000 Lynn 4s
20.000 Melrose 4s
10.000 Newton 3)4s
45.000 Newton 4s
38.000 Norwalk, Ct., 4s
25.000 Scranton, Pa., 4)4s
19.000 Dedham 4s
25.000 Methuen 4s
10.000 Peabody 4s

Public Funds, Notes.
$1,650 Millis 4)4s
1,000 Westwood 3)4s

Par Value.
$100,000 Baltimore & Ohio 3J4s
50.000 Boston & Albany 3)4s
25.000 Boston & Albany 4s
20.000 Boston & Lowell 4s
14.000 Boston & Maine 3)4s
80.000 Boston & Maine 4s
45.000 Boston & Maine 4)4s
25.000 Boston, R. B. & L. 4J4s
30.000 C., B. & Q. 4s
26.000 Chic., Mil. & St. Paul 4)^s
24.000 Chic., Mil. & St. Paul 6s
100.000 Chic. & North. 4s
45.000 Concord & Montreal 4s
40.000 Delaware & Hudson Co. 4s
65.000 Fitchburg 4s
15.000 Fitchburg 4M>s
85.000 Illinois Central 3Hs
45.000 Louisville & Nashville 6s
50.000 N. Y. C. & H. R. 3Hs
50.000 N. Y. C. & H. R. 4s
20.000 N. Y., N. H. & H. 3)^s
160.000 N. Y., N. H. & H. 4s

D a t e s of E x a m in a t io n , April 7, 8.


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

Par Value.
$30,000 Norwich & Worcester 4s
25.000 Old Colony 3)^s
99.000 Old Colony 4s
15.000 P., Gt. Falls & C. 4)^s
26.000 St. Paul, Minn. & Man. 4)^s
25.000 Washington Co. 3)^s
28.000 Wore., Nash. & R. 4s

Street Railway Bonds.
$100,000 Boston Elevated 4s
67.000 Boston Elevated 4)^s
15.000 Boston Elevated 5s
50.000 Boston & Northern 4s
25.000 Holyoke 5s
30.000 Old Colony 4s
25.000 West End 4J^s
20.000 West End 5s

Bank Stocks.
Shs.
75 Nl. Bk. of Commerce, Boston
75 Dedham Nl. Bank

96

[Pub. Doc.

REPO RT OF THE

DORCHESTER SAVINGS BANK, BOSTON.
586 COLUMBIA ROAD (DORCHESTER DISTRICT).
Incorporated April 16, 1894.

Number of corporators, 31; number of trustees, 16.

F r e d e r ic k L . W a l k e r , President.
G e o r g e W . B r a d f o r d , Treasurer.
F r a n k M . W h it m a n , Clerk of the Corporation.

Board o f Trustees: W . H . A b b o t t , F . W . A r c h e r , G. W . B r a d f o r d , H . W . B u r k e , G. E . F r o s t ,
J. L . Goss, N. C. H a r r is o n , L . J. L o g a n , J o h n M o r t o n , W . H . R o b e y , L . C. S o u t h a r d , A. H .
S t e a r n s , F . L . W a l k e r , F . M . W h it m a n , W . W . W h it m a r s h , E . S. W o o d b u r y .

Board of Investment: F. L. W a l k e r , W . H. R o b e y , H. W . B u r k e , A . H. S t e a r n s , N. C. H a r r is o n .

Auditing Committee: J. L . G oss, W . H . R o b e y , 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.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. C o. bonds
354 loans on real estate (average of each, $Z,96Z.5Jf)
41 loans on personal security
Premium account
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

Total Assets

131,353
77,275
9,012
1,048,741
263,290
69
48,644
5,691

.

.

.

.

.

90
85
50
00
00
68
22
33

$1,691,313 79

Liabilities.
Due depositors on 8,181 accounts, averaging $198.16 each
.
.
.
.
.
$1,621,188 68
(Accounts opened during year, 1,ZZ9; closed, 949; increase, Z80)
Surplus: —
a. Guaranty fund (1.86% o f deposits; increase during year, $3,949.05) .
.
.
30,138 06
b. Profit and loss (increase during year, $8,405.11)
.
.
.
.
.
.
35,432 34
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$4,729 91
Less current expenses not charged off
.
.
.
.
303 68
----------------------4,426 23
Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.
128 48


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

Total Liabilities .

. $1,691,313 79

No.

97

BAN K COMMISSIONER.

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses.
Total.
State Tax (Net). Salaries.
Rent.
$354.00
$1,214.20
$8,498.97
Am ount paid for
$2,195.77
$4,195.00
$540.00
.21
.72
5.03
Cost per $1,000 of assets
1.30
2 .48
.32
Cost per $1,000 of assets not including State tax and rent .
................................................................... 3.41
Gross income received during the year, $78,904.84.

Rates on Investments and Loans (Average on All, 5.04%).
Real estate loans (average rate, 5.30 per cent.): 5%, $691,550; 5}4% , $77,600; 6%, $279,591.
Personal loans (average rate, 5.28 per cen t.): 5%, $124,700; 5)4% , $30,000; 5)4% . $85,500; 6%, $23,090.
Bonds, stocks, etc. (average rate on amounts invested, 3.98 per cen t.): 3%, $15,000; 3)4% , $117,500; 4%,
$128,250; 4)4% , $45,000; 5%, $24,500.
Number of loans not over $3,000 each, 221, amounting to $421,341.
45 real estate loans made during year, amounting to $132,700.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 12,801, amounting to

$28,129 36
29,513 09
446,504 70

Number of withdrawals during year, 7,951, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$504,147 15
376,921 96

.

$127,225 19

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$8,000 Massachusetts 3J4s
2.000 Beverly 4s
11.000 Boston 3J4s
500 Brockton 3)4s
6.000 Brockton 4s
10.000 Chelsea 3)4s
1.000 Everett 4s
5.000 New London, Ct., 3)4s
2.500 Salem 4s
3.000 Seattle, Wash., 4)4s
3.000 Wilkes-Barre, Pa., 3)4s
15.000 Worcester 4s
10.000 Hyde Park 4s
8.500 Norwood 4s
5,250 Wareham 4s
6.000 Watertown 4s
9.000 West Rutland, Vt., 3)4s

Railroad Bonds.
Par Value.
$8,000 Baltimore & Ohio 3)4s
3.000 Boston & Albany 3)4s
6.000 Boston & Albany 4s
1.000 Boston & Lowell 4s
5.000 Boston & Maine 3s
4.000 Boston & Maine 3)4s
10.000 Boston & Maine 4s
2.000 Bridgeton & Saco River 4s
15.000 C., B. & Q. 3J4s
5.000 Chic., Mil. & St. Paul 4)4s
5.000 Chic. & Northwestern 3)4s
i 1,000 Conn. & Pass. Rivers 4s
I 3,000 Dexter & Piscataquis 4s
I 6,000 Fitchburg 3)^s
j 5,000 Fitchburg 4s
I 10,000 Illinois Central 3s
■ 15,000 Illinois Central 3)^s
I 10,000 N. Y., N. H. & H. 3V2s

D a t e s op E x a m in a t io n , April 23, 24.


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

Par Value.
$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. 3)f>s

Street Railway Bonds.
$13,000 Boston Elevated 4s
10.000 Boston Elevated 4Ms
5.000 Boston & Northern 4s
10.000 Marlboro & Westboro 5s
1.000 Mystic Valley 5s
1.000 So. Shore & Boston 5s
1.000 West End 4s
5,500 W. Roxbury & Roslindale 5s
5.000 Worcester Consol. 5s
2.000 Worcester & Holden 5s
25.000 Worcester & Southbridge 4Ms

98

REPO RT OF THE

[Pub. Doc.

EAST BOSTON SAVINGS BANK, BOSTON.
10 MERIDIAN STREET (EAST BOSTON DISTRICT).
Incorporated April 26, 1848.

Number of corporators, 41; number of trustees, 24.

A in s l e y R . H o o p e r , President.
A l v in P . J o h n s o n , Treasurer.
R a l p h A . H o o p e r , Clerk of the Corporation.

Board of Trustees: F . E . B u r n h a m , T h o m as C o p e l a n d , O. G . E a t o n , G . H . G i b b y , R . J. G o v e , W .
H. G r a in g e r , F . P . G u r n e y , H a r r y H a m il t o n , J. F . H o d g e , A . R . H o o p e r , A . P . J o h n s o n ,
E . D . L e ig h t o n , G . H . L i b b y , J. E . L y n c h , J. T . M a n s o n , W il l ia m M c K i e , W . A . M o r r is o n .
F r e e m a n N ic k e r s o n , R ic h a r d P ig e o n , G . M . P o r t e r , E . P . R o b in s o n , G . M . S t a l k e r , A. M .
W a lcott, F. A . W oo dbu ry.
Board of Investment: J. E . L y n c h , G . M . P o r t e r , W il l ia m M c K i e , H a r r y H a m il t o n , A . R . H o o p e r ,
E . D . L e ig h t o n , R . J. G o v e .
Auditing Committee: R . J. G o v e , F. P. G u r n e y , G. M . S t a l k e r .
Deposits draw interest from third W ednesday of January, April, July and October; dividends are
payable after the third W ednesday of January and July. Business hours: 9 a . m . to 2 p . m . ; also
Saturdays, 7 to 9 p . m . , for deposits only; during June, July, August and September, close at 1 p . m .
Saturdays.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
1,555 loans on real estate (average of each, $2,506.75)
19 loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $113,700)
Real estate b y foreclosure, etc. (assessed value, $59,200)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.

Total Assets

.

.

$1,274,501
8.53,875
183,000
156,900
1
3,898,005
432,200
65,000
39,500
485
161,080
9,993

35
00
00
00
00
25
00
00
00
52
82
08

. $7,074,542 02

Liabilities.
Due depositors on 18,211 accounts, averaging $352.58 each
.
.
.
.
.
{Accounts opened during year, 1,964; closed, 1,728; increase, 236)
Surplus: —
a. Guaranty fund (4-99% of deposits; increase during year, $12,177.01)
b. Profit and loss {increase during year, $15,994-66) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$40,476 62
Less bank building expenses not charged off
.
.
.
328 35

$6,420,865 77

320,167 23
293,360 75

40,148 27

Total L iab ilities.......................................$7,074,542 02

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$7,628.87 $16,354.20 $3,600.00
Cost per $1,000 of assets
1.08
2.31
.51
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $329,207.46.


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

Advertising. Other Expenses.
Total.
$386.60
$3,141.52 $31,111.19
.05
.44
4 .39
.
.
.
.
.
2 .8 0

99

BANK COMMISSIONER,

No. 8,

i
Rates on Investments and Loans (Average on All, 4.84%).
Real estate loans (average rate, 5.02 per cent.): 4J^%, $89,300; 5%, $3,633,555.25; 5J^%, $104,900;
6%, $70,250.
Personal loans (average rate, 4.27 per cent.): 3%, $50,000; 4}4% , $125,000; 4 H % , $250,000; 5%,
$4,000; 6%, $3,200.
Bonds, stocks, etc. (average rate on amounts invested, 4.66 per cen t.): 3}4% , $125,000; 4%, $1,126,889.20;
4 ^ % , $496,000; 5%, $526,000; 5 ^ % , $10,000; 6%, $38,000; 7M % , $6,700; 8%, $79,200; 10%,
$8,000; 12%, $10,500; 14%, $37,500.
Number of loans not over $3,000 each, 1,220, amounting to $2,204,955.
105 real estate loans made during year, amounting to $265,100.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 21,547, amounting to

$117,918 57
120,548 81
1,119,602 00

Number of withdrawals during year, 17,980, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

$1,358,069 38
1,148,988 76

.

.

.

.

$209,080 62

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$87,000 Massachusetts 4s
16.000 Akron, 0., 4J^s
30.000 Beverly 4s
125,000 Boston 4s
15.000 Bristol, Conn., 4J^s
14.000 Brockton 4s
18.000 Canton, 0., 5s
10.000 Canton, 0., 5Ks
10.000 Chelsea 4s
25.000 Chicago, 111., 4s
6,000 Chicopee 4)^s
50.000 Cleveland, 0., 5s
15.000 Dayton, 0., 5s
24.000 Dubuque, la., 4s
25.000 Duluth, Minn., 4Hs
36.000 Fall River 4s
10.000 Fall River 4Yg,
13.000 Flint, Mich., 4p&
25.000 Grand Rapids, Mich., 4)^s
18.000 Haverhill 4s
24.000 Holyoke 4s
20.000 Indianapolis, Ind., 4s
24.000 Lowell 4s
38.000 Lynn 4s
20.000 Milwaukee, Wis., 4)^s
50.000 Minneapolis, Minn., 4s
35.000 New Bedford 4s
10.000 Newton 4s
20.000 Oakland, Cal., 5s
42.000 Omaha, Neb.,'4p£s
24.000 Oshkosh, Wis., 4)^s
20.000 Providence, R. I., 4s
15.000 Quincy 4s
30.000 San Francisco, Cal., 5s
25.000 Seattle, Wash., 4}^s

Par Value.
$20,000 Springfield 4s
21.000 Springfield, 0., 4J4ÌS
17.000 Springfield, 0., 5s
30.000 St. Paul, Minn., 4}^s
10.000 Taunton 4s
25.000 Toledo, 0., 4^s
10.000 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., 4J^s
10.000 Swampscott 4s
12.000 West Springfield 4s
12,389 Winthrop 4s

Street Railway Bonds.
Public Funds, Notes.
$1,000 Winthrop 4s

Railroad Bonds.
$20,000 Bangor & Aroostook 5s
50.000 Boston & Albany 3)^s
25.000 Boston & Maine 4s
25.000 Boston & Maine 4)^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. 3)^8
31.000 Cleveland & Pitts. 4)^s
25.000 Conn. River 3^s
25.000 Fitchburg 4J^s

D a t e s o f E x a m in a t io n a n d A u d it , March 1 -8 inclusive.


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

Par Value.
$25,000 Fre., Elkhorn & M. V. 6s
25.000 Housatonic 5s
25.000 Kal., Aile. & 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. i}4s
5,000 Ports., Gt. F. & Con. 4)^s
25.000 St. Johns & L. Champ. 5s
25.000 Vermont Valley 4p£s

$75,000 Boston Elevated 4s
38.000 Boston Elevated 4Hs
20.000 Lynn & Boston 5s
25.000 Springfield 4s
25.000 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
75 Metropolitan Trust Co., Boston
170 Nl. Bk. of Commerce, Boston
757 Nl. Shawmut Bk., Boston
15 Nl. Union Bk., Boston
105 Second Nl. Bk., Boston

100

REPO RT OF THE

[Pub. Doc.

EAST BRIDGEWATER SAVINGS BANK, EAST BRIDGEWATER.
29 BEDFORD STREET.
Incorporated March 8, 1870.

Number of corporators, 41; number of trustees, 18.

C l a r e n c e A . C h a n d l e r , President.
C h a r l e s F . M a n n , Treasurer.
E d w a r d S. W h it m a r s h , Clerk o f the Corporation.

Board of Trustees: G. A . B u r r e l l , C . A. C h a n d l e r , D . C . F r e n c h , F . E . F u l l e r , R . O. H a r r is ,
S. A . K e it h , A. L . L e l a n d , C . F . M a n n , E . T . M o r s e , C . L . N u t t e r , R . W . N u t t e r , T . H .
P e r k in s , G. A. R o o t , S. E . R y d e r , W . S. S h a w , E . N . W a r d , C . W . W a t e r m a n , E. S. W h it ­
m arsh.

Board of Investment: E . N . W a r d , E. S. W

h it m a r s h ,

C. W . W a term an , E. T . M o rse, C. F. M a n n .

Auditing Committee: C . A . C h a n d l e r , S. E . R y d e r , F . E . F u l l e r .
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 30, 1915.
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, $3,105.16) .
.
Less amount due on uncompleted loans .
.
.
.

.

.
.
.
.

.
.
.

$105,636
312,975
78,837
34,845
29,300
19,618

25
00
50
00
00
75

1,291,747
480,421
10,000
8,507
23,639
1,069

78
25
00
07
74
09

$1,296,458 25
4,710 47

46 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $10,000; assessed value, $8 500)
Real estate b y foreclosure, etc. (assessed value, $1 4 ,10 0 )
Deposits in national banks or trust companies
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.

Total Assets

$2,396,597 43

Liabilities.
Due depositors on 4,185 accounts, averaging $515.17 each
(Accounts opened during year, 400; closed, 280; increase, 120)
Surplus: —
a. Guaranty fund (4.92% of deposits; increase during year, $6,186.39)
b. Profit and loss (increase during year, $9,065.27)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount

.


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

.

.

.

.

.

Total Liabilities

$2,155,980 33
106,186 39
93,126 46
$42,610 84
2,104 09
40,506 75
797 50

$2,396,597 43

No.

101

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$3,677.56
$4,577.00
$500.00
C ost per $1,000 of assets
1.53
1.91
.21
C ost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
$84.66
$1,149.78
.03
.48

Total.
$9,989.00
4 .1 6
2 .42

Gross income received during the year, $116,098.01.

Rates on Investments and Loans (Average on All, 5%).
R eal estate loans (average rate, 5.39 per cent.):
Personal loans (average rate, 4.73 per cent.):

5%, $500,111; 5 ) 4 % , $568,725; 6%, $222,911.78.
4%, $55,000; 4J4%, $95,000; 4 ) 4 % , $145,000; 4 % % ,
$10,000; 4 y8% , $10,000; 5%, $69,586.25; 5)4% , $42,000; 5% % , $10,000; 6%, $43,835.
B on d s, stocks, etc. (average rate on amounts invested, 4.34 per cent.): 3 ) 4 % , $95,000; 4%, $248,000;
4 Vi%, $106,000; 5%, $93,680; 6%, $18,700; 7M % , $7,500; 8%, $4,500; 10%, $600; 14%, $3,000.
Number of loans not over $3,000 each, 264, amounting to $319,768.50.
67 real estate loans made during year, amounting to $177,125.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2)4%
.
.
.
.
.
July, 1915, 2 ) 4 % ..........................................
Number of deposits during year, 2,814, amounting to
.
.
.
.
.

Number of withdrawals during year, 2,748, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$44,538 09
46,012 84
266,343 16

.

$356,894 09
240,519 23

.

$116,374 86

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 California 4s
15.000 Boston 3)4s
10.000 Boston 4s
15.000 Chelsea 4s
5,000 Des Moines, la., 4s
25.000 Duluth, Minn., 4)4s
10.000 Minneapolis, Minn., 4s
15.000 San Francisco, Cal., 5s
1,680 East Bridgewater 5s

Railroad Bonds.
Par Value.
$10,000 Baltimore & Ohio 3)4s
20.000 Boston & Albany 5s

Par Value.
$25,000 Boston & Maine 4Hs
25.000 C., B. & Q. 3)4s
30.000 C., B. & Q. 4s
10.000 C., Mil. & St. Paul 4s
10.000 C., Mil. & St. Paul 5s
5.000 Connecticut River 6s notes
25.000 Chic. & Northwestern 4s
5.000 Fitchburg 4s
6.000 Fitchburg 4J^s
25.000 Fitchburg 5s
10.000 Illinois Central 3)4s
12.000 Louisville & Nashville 5s
35.000 N. Y., N. H. & H. 3^28
45.000 N. Y., N. H. & H. 4s
15.000 Old Colony 4s
10.000 Penobscot Shore Line 4s

D a t e s o p E x a m in a t io n a n d A u d it , September 8-10 inclusive.


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

Street Railway Bonds.
Par Value.
$5,000 Boston Elevated 4s
50.000 Boston Elevated i)4s
10.000 Boston & Northern 4s
10.000 Mystic Valley 5s
5,000 West End 4s

ghg

Bank Stocks.

30 First Nl. Bk., Boston
75 Fourth-Atlantic Nl. Bk., Boston
6 Merchants Nl. Bk., Boston
25 State Street Tr. Co., Boston.
20 Webster & Atlas Nl. Bk., Boston
75 Brockton Nl. Bank
62 Home Nl. Bk., Brockton

102

[Pub. Doc.

REPO RT OF THE

EAST CAMBRIDGE SAVINGS BANK, CAMBRIDGE.
292 CAMBRIDGE STREET (EAST CAMBRIDGE).
Incorporated April 29, 1854.

Number of corporators, 38; number of trustees, 18.

G u st a v u s G o e p p e r , President.
W il l ia m E . L l o y d , Treasurer.
R ic h a r d S. H a l l , Clerk of the Corporation.

Board of Trustees: C. W . D a il e y , G . W . D e a r b o r n , J. G . F e r g u s o n , G u st a v u s G o e p p e r , W . F .
G o e p p e r , A . H . G r a u s t e in , A. F . H a r l o w , M . J. H a r t y , F . W . H a s t in g s , G . H . L a w r e n c e ,
W . E . L l o y d , F . H. M a r s h a l l , D . C. P r o u d f o o t , W . F . R o ss , C. H . S l o a n , W . P . S u t t o n ,
F . B. W h e e l e r , H . E. W o r c e s t e r .
Board of Investment: G u st a v u s G o e p p e r , J. G . F e r g u s o n , C. W . D a il e y , F . B. W
D . C. P r o u d f o o t .

Auditing Committee: F. B. W

heeler,

heeler,

M . J. H a r t y , W . F. G o e p p e r .

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 2 p .m .; Saturdays, 9 a .m . to 12 m .; also Tues­
days, for deposits only, from 6 t o 8 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
1,444 loans on real estate {average of each, $2,750.06)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.

.

.
.
.
.
.

.
.

.

.
.
.
.

.
.

.

.
.

.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
$3,978,090 00
7,000 00

57 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $30,000; assessed value, $37,400)
Real estate b y foreclosure, etc. (assessed value, $12,Z00) .
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

$675,750
678,286
172,782
96,093
38,554
1

00
49
00
75
00
00

3,971,090
960,537
15,000
7,744
594
57,639
17,247

00
00
00
27
71
57
51

$6,691,320 30

Total Assets

Liabilities.
Due depositors on 13,403 accounts, averaging $455.12 each
.
.
.
.
.
{Accounts opened during year, 2,276; closed, 1,534; increase, 74%)
Surplus: —
а. Guaranty fund (4-95% of deposits; increase during year, $20,838.45)
.
.
б. Profit and loss {increase during year, $4,372.69)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$3,960 48
Less current expenses not charged off
.
.
.
.
1,241 83
-----------------------


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

Total Liabilities .

$6,099,965 07

301,928 15
286,708 43

2,718 65

. $6,691,320 30

103

BANK COMMISSIONER.

No.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$6,380.75 $10,246.24
$2,000.00
C ost per $1,000 of assets
.95
1.53
.30
Cost per $1,000 of assets not including State tax and rent

Advertising. Other Expenses.
Total.
$589.25
$8,681.45 $27,897.69
.09
1.30
4.17
................................................................... 2.92

Gross income received during the year, $304,686.16.

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5.02 per cent.): 5%, $3,863,140; 5}^% , $86,900; 6%, $21,050.
Personal loans (average rate, 4.64 per cent.): 4)^% , $448,000; 4 % % , $213,000; 5%, $262,087; 5}4%>
$5,000; 5M % . $10,000; 6%, $6,250.
Bonds, stocks, etc. (average rate on amounts invested, 4.48 per cent.): 3}^% , $210,000; 4%, $761,500;
4Ji % , $41,000; 4 K % . $306,250; 5%, $220,000; 6%, $108,600; 8%, $20,400; 12%, $13,100; 14%,
$3,300.
Number of loans not over $3,000 each, 1,066, amounting to $1,832,102.
96 real estate loans made during year, amounting to $350,750.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2)4,%
Oct., 1915, 2M %
Number of deposits during year, 17,821, amounting to

.

Number of withdrawals during year, 11,896, amounting to

.

N et increase in amount due depositors

.

.

.

.

$122,923 12
125,000 00
1,172,687 32

.
.

.

$1,420,610 44
930,327 15

.

.

.

.

$490,283 29

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$75,000 Massachusetts 3)^s
62.000 Massachusetts 4s
20.000 Boston 3p£s
97.000 Boston 4s
25.000 Boston 4J^s
25.000 Cambridge 3)4s
11.000 Duluth, Minn., 4b£s
25.000 Lawrence 4s
45.000 Los Angeles, Cal., 4}^s
7,500 Lowell 4s
22,500 Milwaukee, Wis., 4b£s
105,000 New Bedford 4s
25.000 Newark, N. J., 4^s
20.000 Somerville 4s
5,000 San Francisco, Cal., 5s
35.000 Worcester 4s
27.000 Chelmsford 4Ks
15,750 Hull 4^s

Public Funds, Notes.
$9,000 Hull 4s
16,000 Swampscott 4
3,000 W. Springfield 4bás

Railroad Bonds.
Par Value.
$15,000 Boston & Albany 3bás
70.000 Boston & Albany 4s
25.000 Boston & Albany 5s
25.000 Boston & Maine 3bás
40.000 Boston & Maine 4b¿s
5.000 Chic., Mil. & St. Paul 5s
81.000 Chicago & Northwestern 4s
20.000 Chic., St. P., Minn. & 0. 6s
15.000 Conn. & Pass. Rivers 4s
25.000 Conn. River 3)^s
25.000 Fitchburg 4s
27.000 Fre., Elk. & Mo. Val. 6s
25.000 Illinois Central 3b£s
5.000 Illinois Central 4s
50.000 Louisville & Nashville 5s
31.000 Louisville & Nashville 6s
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
20.000 Pitts., McKees. & Yough. 6s
50.000 Portland Terminal Co. 4s
2.000 P., Gt. Falls & Con. 4J^s
10.000 Rome, Water. & Ogdens. 5s

D a t e s of E x a m in a t io n , April 26-29 inclusive.


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

Street Railway Bonds.
Par Value.
$115,000 Boston Elevated 4Ks
15.000 Boston & Northern 4s
15.000 Marlboro & Westboro 5s
5,000 West End 4s
25.000 West End 5s

Bank Stocks.
Shs.
12 Eliot Nl. Bk., Boston
50 First Ward Nl. Bk., Boston
50 Metropolitan Tr. Co., Boston
13 Mutual Nl. Bk., Boston
67 Nl. Bk. of Commerce, 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

104

REPORT OF THE

[Pub. Doc.

EASTHAMPTON SAVINGS BANK, EASTHAMPTON.
105 MAIN STREET.
Incorporated February 10, 1869.

Number of corporators, 42; number of trustees, 25.

G e o r g e B . N o b l e , President.
C h a r l e s H . J o h n s o n , Treasurer.
F r e d e r ic k E . J u d d , Clerk of the Corporation.

Board of Trustees: G e o r g e A s t il l , G. A. A y e r , C. A. B u f f u m , J. J. B u r k e , G. S. C o l t o n , G. A.
C o o k , W . F. C o y l e , J oh n C u l l e n , W . H. E d w a r d s , F. E . J u d d , J. N . L y m a n , H. L . M a n s f ie l d ,
A . D . M o n t a g u e , F. P . N e w k i r k , G. B . N o b l e , H . L. P a r s o n s , F. W . P it c h e r , W . L . P it c h e r ,
G. H. P o m e r o y , J. E . P o r t e r , R. M . S m it h , H. O. St r o n g , H. M. T a y l o r , J oh n W a n a t , W . H.
W r ig h t .

Board of Investment: G. B. N o b l e , F. P. N e w k i r k , J o h n C u l l e n , J. N . L y m a n , H . N . T a y l o r .
Auditing Committee: F. E. J u d d , H . L. M a n s f ie l d , R . M . S m it h .
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 30, 1915.
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
631 loans on real estate (average of each, $1,945.16) .
Less amount due on uncompleted loans .

00
83
25
25
34
00

1,224,246
233,896
1,400
34
60,469
5,466

38
45
00
40
00
24

$1,227,396 38
3,150 00

148 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

Total Assets

$106,485
198,525
90,336
35,771
109,653
7,000

. $2,073,284 14

Liabilities.
Due depositors on 5,301 accounts, averaging $365.47 each
{Accounts opened during year, 891; closed, 552; increase, 339)
Surplus: —
a. Guaranty fund {4.81% of deposits; increase during year, $8,000)
b. Profit and loss {increase during year, $4,967.02)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

Total Liabilities .

.

$1,937,379 53

95,000 00
33,268 07
$9,252 39
1,615 85
---------------

7,636 54

. $2,073,284 14

No. 8.

BANK COMMISSIONER.

105

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Am ount paid for
$2,622.47 $4,400.00
$450.00
Cost per $1,000 of assets
1.26
2 .12
.22
C ost per $1,000 of assets not including State tax and rent

Advertising. Other Expenses.
Total.
$381.50
$1,746.05
$9,600.04
.18
.84
4 .6 2
3 .1 4

Cross income received during the year, $99,714.59.

Rates on Investments and Loans (Average on All, 5.04%).
Real estate loans (average rate, 5.12 per cent.): 5%, $887,332.70; 5J^%, $197,950; 5Jfs%, $84,653.50;
6%, $54,310.18.
Personal loans (average rate, 5.73 per cent.): 5%, $54,310.18; 5b£%, $17,450; 6%, $161,436.27; 7%,
$700.
Bonds, stocks, etc. (average rate on amounts invested, 4.56 per cent.): 3%, $14,000; 3(Hi%, $55,000;
4%, $197,000; 4 % % , $10,000; 4 ^ % , $56,000; 5%, $126,600; 6%, $33,600; 7%, $11,000; 8%,
$30,000.
Number of loans not over $3,000 each, 675, amounting to $710,856.83.
94 real estate loans made during year, amounting to $143,410.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 5,895,. amounting to

$35,565 64
35,842 23
394,113 44

Number of withdrawals during year, 4,390, amounting to
N et increase in amount due depositors

.

.

.

.

.

.

.

.

.

. . .

.

$465,521 31
373,649 42

.

$91,871 89

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 4s
5.000 Boston 4s
5.000 Boston 4J^s
5.000 Brockton 4J^s
5.000 Cleveland, 0., 4J^s
1.000 Dayton, 0., 5s
5.000 Detroit, Mich., 4s
1.000 Holyoke 4s
7.000 Lawrence 4s
1.000 Los Angeles, Cal., 4s
10.000 Los Angeles, Cal., 4)^s
5.000 Minneapolis, Minn., 4s
10.000 New Bedford 4s
10.000 Omaha, Neb., 4J/2S
15.000 San Francisco, Cal., 5s
1.000 Seattle, Wash., 4Ms
6.000 Seattle, Wash., 5s
5.000 Stoneham 4s

Par Value.
$6,000 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
10.000 Chic., Mil. & St. Paul 4)^s
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 3}^s
5.000 Minn., St. P. & Sit. St. M. 4s
20.000 N. Y., N. H. & H. 3^s
15.000 N. Y., N. H. & H. 4s
26.000 No. Maine Seaport 5s
10.000 Northern Pacific 4J^s
3.000 Old Colony 4s
5.000 Pennsylvania 4)^s
5.000 Portland Terminal Co. 4s

Railroad Bonds.
$4,000 Aroostook Northern 5s
1.000 Bangor & Aroostook 5s
5.000 Boston & Albany 3}^s
3.000 Boston & Albany 4s

Street Railway Bonds.
$5,000 Boston Elevated 4s
10.000 Boston Elevated 5s
23.000 Boston & Northern 4s

D a t e s o f E x a m in a t io n , June 28-30 inclusive.


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

Par Value.
$10,000 Brock., Bridgew. & Taun. 5s
10.000 Georgetown, 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 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 Monson National Bank
50 North Adams National Bank
20 Hamp. Co. Nl. Bk., Northampton
60 Pittsfield National Bank
132 Chapin Nl. Bk., Springfield
100 Chicopee Nl. Bk., Springfield
200 Springfield National Bank
25 Ware National Bank
50 First Nl. Bk., Westfield

106

REPO RT OF THE

[Pub. D oc

EAST WEYMOUTH SAVINGS BANK, EAST WEYMOUTH.
714 BROAD STREET.
Incorporated February 20, 1872.

Number of corporators, 42; number of trustees, 17.

W il l ia m H . P e a t t , President.
J oh n A . R a y m o n d , Treasurer.
J o h n A. M ac F a u n , Clerk of the Corporation.

Board of Trustees: F . A. B ic k n e l l , E . M . C a r t e r , C . B . C u s h in g , J. A . C u s h in g , W . A . D r a k e ,
W . J. D u n b a r , T . H . E m e r s o n , J a m e s F o r d , B . P . F r e n c h , B r a d fo r d H a w e s , R o b e r t M c I n ­
W . H . P r a t t , C . A . R a n d a l l , J. A. R a y m o n d , W . T . S e a b u r y , M ic h a e l S h e e h y , W a l d o
T urner.

tosh,

Board of Investment: W . H. P r a t t , T . H. E m e r s o n , E . M . C a r t e r , C . B . C u s h in g , B r a d f o r d
H a w e s , W . A. D r a k e .
Auditing Committee: W . H . P r a t t , J. A. C u s h in g , B . P . F r e n c h .
Deposits draw interest from tenth day of January, April, July and October; dividends are payable
April 10 and October 10. Business hours: 9 a . 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 30, 1915.
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
554 loans on real estate (average o f each, $2,082.65)
Less amount due on uncompleted loans .

$106,181
284,865
69,187
30,140
1,300
28,005

30
00
50
00
00
00

1,153,788
75,725
21,690
60,086
364
24
27,976
3,037

02
00
42
76
61
35
52
57

02
00

16 loans on personal security
Bank building and fixtures (estimated value, $34,550; assessed value, $23,000)
Real estate b y foreclosure, etc. (assessed value, $61,131)
Taxes, insurance, etc., paid on mortgaged properties
Bank building income and expenses
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.

$1,862,372 05

Total Assets

Liabilities.
Due depositors on 3,821 accounts, averaging $442.75 each
(Accounts opened during year, 378; closed, 366; increase, 12)
Surplus: —
a. Guaranty fund (5.03% of deposits; increase during year, $6^3)
b. Profit and loss (increase during year, $773.08)
Current incom e: —
a. Interest .
.
.
.
.
.
.
$17,461 44
b. R e n t ...............................................................
28 00

.

$1,691,735 94

85,061 00
68,989 99

$17,489 44
Less current expenses not charged oil
.
Less State or local taxes not charged off .


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

.
.

$452 86
451 46
904 32
-----------------

Total Liabilities .

16,585 12

. $1,862,372 05

107

BAN K COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$2,017.65
$3,883.33
—
Cost per $1,000 of assets
1.08
2 .0 8
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$216.90
$2,221.75
$8,339.63
.12
1.19
4.47
.
.
.
.
.
3.39

Gross income received during the year, $85,911.28.

Rates on Investments and Loans (Average on All, 5.08%).
Real estate loans (average rate, 5.40 per cent.): 4J^%, $4,425; 5%, $644,450.86; 5J^%, $97,464.64;
6%, $403,001.52; 6 ^ % , $1,740; 7%, $2,406; 8%, $300.
Personal loans (average rate, 4.93 per cen t.): 4)4;%, $35,000; 5%, $27,080; o }/2%, $2,200; 6%, $11,445.
Bonds, stocks, etc. (average rate on amounts invested, 4.40 per cent.): 3)4>%, $28,000; 4%, $204,000;
4)^% , $160,000; 5%, $111,000; 6%, $16,300.
Number of loans not over $3,000 each, 459, amounting to $648,663.77.
39
real estate loans mstde during year, amounting to $87,830.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 2,860, amounting to
.

Number of withdrawals during year, 3,807, amounting to
N et increase in amount due depositors

.

.

.

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

.
.

.

.

. ,

.
.

$259,151 18
254,133 83

.
.

$32,546 55
32,710 98
193,893 65

.

$5,017 35

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$12,000 Attleborough 3p2S
9.000 Chelsea 4s
10.000 Los Angeles, Cal., i}4a
7.000 Malden 4s
17.000 New Bedford 4s
20.000 Omaha, Neb., 4Hs
15.000 San Francisco, Cal., 4J4ÎS
5.000 San Francisco, Cal., 5s
10.000 Seattle, Wash., 5s
1.000 Easthampton 4s
1.000 Milton 3Hs

Railroad Bonds.
Par Value.
$25,000 Aroostook Northern 5s
15.000 Baltimore & Ohio 3Hs
20.000 Bangor & Aroostook 5s
10.000 Boston & Maine 4s
85.000 Boston & Maine 4Ks
10.000 Fitchburg 4s
10.000 Fitchburg 5s
91.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s

D a t e s of E x a m in a t io n , August 11 -1 3 inclusive.


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

Street Railway Bonds,
Par Value.
$30,000 Boston Elevated 4j4is
25.000 Boston & Northern 4s
15.000 Lynn & Boston 5s
1,000 Worcester Consol. 5s

Bank Stocks.
Shs.
13 Dedham National Bank

108

REPO RT OF THE

[Pub. Doc.

ELIOT FIVE CENTS SAVINGS BANK, BOSTON.
114 DUDLEY STREET.
Incorporated February 4, 1864.

Number of corporators, 53; number of trustees, 24.

G e o r g e E . B u l l a r d , President.
F r a n k E. G r a n g e r , Treasurer.
S e t h A . F o w l e , Clerk of the Corporation.

Board of Trustees: C. E. A l d r ic h , J ttdson B a l d w in , C. T. B a r r y , H. S. B e a n , G. E. B u l l a r d ,
A . E. C a r r , I. Y . C h u b b u c k , W . O. C u r t is , C . L. D e N o r m a n d ie , L . D . D r u r y , H. D . F o r b e s ,
S. A . F o w l e , A . F . H a y d e n , C . L . H a y w a r d , G. P . H o d g d o n , F r a n k H o u g h t o n , W . S. L e l a n d ,
T. S. L o c k w o o d , F. W . M e n d u m , F. N. N a y , G o r h a m R o g e r s , L. D. S e a v e r , W . H. S l o c u m ,
S. E. T i n k h a m .
Board of Investment: G . E . B u l l a r d , A . E. C a r r , W . S. L e l a n d , H . S. B e a n , C . L . H a y w a r d ,
G orham R og er s.

Auditing Committee: H . D . F o r b e s , A. E. C a r r , G. P. H o d g d o n .
Deposits draw interest from second W ednesday of January, April, July and October; dividends are
payable the Thursday following the second 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 30, 1915.
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
.
.
.
.
.
.
.
646 loans on real estate (average of each, $4,404-13) .
.
.
.
.
86 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $20,000; assessed value, $20,000)
Real estate b y foreclosure, etc. {assessed value, $45,900) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.

Total Assets

.

.

.
.

$849,631
1,507,962
167,000
79,817
114,493
13,000
2,845,455
2,488,950
21,928
33,759
409,976

25
50
00
50
75
00
00
00
30
75
54

. $8,531,974 59

Liabilities.
Due depositors on 20,453 accounts, averaging $391.36 each
{Accounts opened during year, 2,386; closed, 2,102; increase, 284)
Surplus: —
a. Guaranty fund {4.97% o f deposits; increase during year, $15,049.65)
b. Profit and loss {increase during year, $11,861.67) .
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

Total Liabilities .

.

$8,004,448 72

397,888 91
129,348 54
$2,092 23
1,803 81
----------------

288 42

. $8,531,374 59

109

BANK COMMISSIONER.

No.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$21,816.33 $16,078.30 $3,500.00
Cost per $1,000 of assets
2 .5 6
1.88
.41
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$36.15
$2,825.10
$44,255.88
.33
5 .1 8

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

2 .2 1

Gross income received during the year, $371,565.78.

Rates on Investments and Loans (Average on All, 4.46%).
Real estate loans (average rate, 4.92 per cent.): 4%, $87,700; 4 x/ i% , $40,000; 4J^%, $304,810; 5%,
$2,343,495; 5H % , *57,150; 6%, $12,300.
Personal loans (average rate, 4.59 per cent.): 4)4% , $300,000; 4J^%, $1,543,950; 4%%> $467,000;
5%, $52,500; 5 ^ % , $25,000; 5M % . *25,000; 6%, $75,500.
Bonds, stocks, etc. (average rate on amounts invested, 3.87 per cen t.): 3%, $75,000; 3% % , *50,000; 3H % ,
$1,101,000; 37Ao%, *50,000; 4%, $1,333,100; 4 ^ % , $65,000; 5%, $85,000; 6%, *10,000; 10%,
$3,000.
Number of loans not over $3,000 each, 347, amounting to *688,505.
68 real estate loans made during year, amounting to *360,800.

Dividends, Deposits and Withdrawals.
*148,130 20
151,152 11
1,330,458 11

Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 23,011, amounting to

Number of withdrawals during year, 19,851, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$1,629,740 42
1,333,445 71

.

$296,294 71

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Massachusetts 3s
150.000 Massachusetts 3Y2a
125.000 Boston 3)^8
25.000 Fall River 3J/)s
26.000 Gloucester 3)4s
2,000 Lowell 4s
72.000 Lynn 4s
28.000 New Bedford 3J^s
66.000 New Bedford 4s
39.000 Newburyport 3Hs
13.000 Newton V/is
43.000 Somerville 4s
15.000 Taunton 4s
25.000 Waltham 3}4a
25.000 Willimantic, Ct., 4s
10.000 Danvers 4s
24.000 Framingham 4s

Public Funds, Notes.
$50,000 Holyoke 3%s
50.000 Springfield 3%os
19,100 Dedham 4s

D ates

o f

Railroad Bonds.
Par Value.
$3,000 Boston & Albany 3Y2a
26.000 Boston & Albany 4s
10.000 Boston & Albany 5s
50.000 Boston & Lowell 3]4a
50.000 Boston & Lowell 4)^s
100.000 Boston & Maine 3Jdis
50.000 Boston & Maine 4s
25.000 Boston & Providence 4s
15.000 Boston, Rev. B. & Lynn 4)^s
100.000 C., B. & Q. 3V2a
125.000 C., B. & Q. 4s
50.000 Chic. & Northwestern 4s
50.000 Concord & Montreal 4s
25.000 Conn. & Pass. Rivers 4s
25.000 Conn. River 4s
25.000 Erie & Pittsburgh 3}4s
25.000 Fitchburg 3J4s
50.000 Fitchburg 4s
25.000 Illinois Central 3s
100.000 Illinois Central 3Y&
25.000 Michigan Central 3Y¿s
50.000 New England 4s

E x a m in a t io n a n d A u d it , February 1 -6 inclusive.


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

Par Value.
$75,000 N. Y. C. & H. R. 3V2a
25.000 N. Y. & N. E. Term. 4s
30.000 N. Y., N. H. & H. 3^s
169.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s
145.000 Old Colony 4s
25.000 Peoria & Northw. 3Ys
25.000 Washington Co. 3Ks

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
100 Peoples Nl. Bk., Boston

110

REPO RT OF THE

[Pub. Doc.

ESSEX SAVINGS BANK, LAWRENCE.
296 ESSEX STREET.
Incorporated March 15, 1847.

Number of corporators, 30; number of trustees, 13.

W a l t e r E . P a r k e r , President.
A l b e r t I, C o u c h , Treasurer.
F r a n k l in B u t l e r , Clerk of the Corporation.

Board of Trustees: C . U. B e l l , F r a n k l in B u t l e r , T . M . C o g s w e l l , A . I. C o u c h , F. B. D a v i s , F .
H. E a t o n , G. E . K u n h a r d t , R . J. M a c a r t n e y , W . E. P a r k e r , B y r o n T r u e l l , J. E . V a r n e y ,
R ic h a r d W a r d , H. K . W e b s t e r .
Board of Investment: W . E . P a r k e r , H . K . W

ebster,

J. E . V a r n e y , F. H. E a to n .

Auditing Committee: F. B. D a v i s , F r a n k l in B u t l e r , R . J. M a c a r t n e y .
Deposits draw interest from third W ednesday 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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
$1,285,600
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
1,635,000
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
270,000
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
135,000
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
300,600
1,602 loans on real estate {average of each, $4,726.46)
.
.
.
.
.
.
7,571,800
83
loans on personal security
.
.
.
.
.
.
.
.
.
.
2,096,700
Bank building and fixtures (estimated value, $125,000; assessed value, $118,700) .
.
70,000
Deposits in national banks or trust companies
.
.
.
.
.
.
.
277,239
C a s h ................................................................................................................................................... 38,011 01

Total Assets

.

.

.

00
00
00
00
00
00
00
00
08

.

.

$13,679,950 09

Due depositors on 27,829 accounts, averaging $445.84 each
.
.
.
.
(Accounts opened during year, 8,816; closed, 8,979; decrease, 168)
Surplus: —
а. Guaranty fund (4.94% of deposits; increase during year, $12,500)
.
б. Profit and loss (increase during year, $52,J)8J).39) .
.
.
.
.

.

$12,407,321 57

Liabilities.

Total Liabilities

.

.

.

.

.

.

.

612,50Q 00
660,128 52

.

$13,679,950 09

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$20,798.27 $21,129.96 $3,000.00
$294.00
$5,247.05 $50,469.28
Cost per $1,000 of assets
1.52
1.54
.22
.02
.38
3 .6 8
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.94
Gross income received during the year, $664,230.14.


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

111

BANK COMMISSIONER

No. 8.]

Rates on Investments and Loans (Average on All, 4.89%).
Real estate loans (average rate, 4.90 per cen t.): 4%, $40,000; 4V£%, SI,481,700; 4 % % , $139,000; 5% ,
$5,835,600; 5H % , $20,000; 6%, $55,500.
Personal loans (average rate, 4.59 per cen t.): 4%, $50,000; 4 J^%, $360,000; 4J^%, $1,156,000; 4 ) i% ,
$151,200; 5%, $252,950; 5}4% , $87,950; 6%, $38,600.
Bonds, stocks, etc. (average rate on amounts invested, 5.05 per cent.): 4%, $1,715,600; 4)4>%, $495,000;
5%, $625,000; 6%, $405,000; 7%, $115,000; 8%, $147,500; 10%, $65,000; 12%, $33,100; 16%,
$40,000.
Number of loans not over $3,000 each, 1,004, amounting to $1,646,000.
188 real estate loans made during year, amounting to $575,100.

Dividends, Deposits and Withdrawals.
'Ordinary dividends declared during year: April, 1915, 2%
.
.
.
.
.
Oct., 1915, 2 J ^ % ..........................................
Number of deposits during year, 33,662, amounting to
.
.
.
.
.
.

Number of withdrawals during year, 26,799, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

$2,655,642 67
2,381,756 92

.

.

.

$234,106 52
293,172 64
2,128,363 51

.

$273,885 75

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$200,000 Massachusetts 4s
50.000 Albany, N. Y., 4)^8
150.000 Boston 4s
135.000 Chicago, 111., 4s
50.000 Cleveland, 0., 5s
50.000 Pall River 4s
100.000 Hartford, Conn., 4Vijs
200.000 Indianapolis, Ind., 4s
183.000 Lawrence 4s
97.000 Springfield 4s
30.000 Troy, N. Y., 4s
,20,000 Leominster 4s

Public Funds, Notes.
$5,600 Lawrence 4s
15,000 North Andover 4s

D ates

o f

E x a m in a t io n ,


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

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 4)4s
30.000 Cedar Rap. & Mo. Riv. 7s
25.000 C., B. & Q. 4s
50.000 Chic., Mil. & St. Paul 5s
40.000 Chic. & Northwestern 4s
75.000 Cleveland & Pitts. 4J^s
200.000 Concord & Montreal 4s
100.000 Fitchburg 5s
200.000 Fre., Elkhorn & M. V. 6s
50.000 Mil., L. S. & W. 5s
50.000 Minn., St. P. & Sit. St. M. 5s
140.000 N. Y., Lack. & Western 6s
150.000 N. Y., N. H. & H. 4s
70.000 Northwestern Union 7s
25.000 Pensacola & Atlantic 6s
60.000 Rome, Water. & Og. 5s
35.000 St. Paul & Sioux City 6s
15.000 Winona & St. Peter 7s

N ovember 23-29 inclusive.

Street Railway Bonds.
Par Value.
$70,000 Boston Elevated 4)4s
50.000 Holyoke 5s
100,000 West End 5s
50.000 Worcester Consol. 4Hs

Bank Stocks.
Shs.
400 First Nl. Bk., Boston
75 Fourth-Atlantic Nl. Bk., Boston
400 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
31 American Tr. Co., Boston
250 Old Colony Tr. Co., Boston
100 Haverhill Nl. Bk.
400 Bay State Nl. Bk., Lawrence
50 Merchants Trust Co., Lawrence
100 Appleton Nl. Bk., Lowell

112

REPO RT OF THE

[Pub. Doc„

EVERETT SAVINGS BANK, EVERETT.
440 BROADWAY.
Incorporated March 1, 1889.

C olu m bus

C o bey,

Number of corporators, 40; number of trustees, 16.

President.

E dgak

H en ry

K .

V e a z ie ,

A.

C ate ,

Treasurer-

Clerk of the Corporation.

Board of Trustees: D . P . B a i l e y , S . P . C a n n e l l , W . H . C a n n e l l , E . A . C a r t e r , E. A. C a t e , C o l u m ­
b u s C o r e y , F. E. D y e r , W . A. H a m , C h a r l e s M a n s e r , N a t h a n
N i c h o l s , J. W . P h i l b r i c k ,.
G. W . P l a i s t e d , T . A. S m i t h , J. T. S w a n , H . K . V e a z i e , F. B . W o o d s .

Board of Investment: W . A.

H am ,

G. W .

Auditing Committee: F. E.

D y e r , N ath an

P l a is t e d ,

E. A.

N ic h o l s ,

C a t e ,

E. A .

F. B.

W oods,

T . A.

S m it h .

C ar te r .

Deposits draw interest from second W ednesday of January, April, July and October; dividends are
payable the second W ednesday of April and October. Business hours: 9 a . m . to 2 p . m . ; alsoSaturdays, 7.30 to 8.30 p . m ., for deposits only.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. C o. bonds
326 loans on real estate (average of each, $2,594-55) .
Less amount due on uncompleted loans .
.
.

$168,700
122,725
62,076
23,410

00
00
00
00

845,825
26,875
19,800
11,968
33,671
4,438

00
00
00
90
26
24

$851,675 00
5,850 00

8 loans on personal security .
.
.
.
.
Bank building and fixtures (estimated value, $20,000; assessed value, $12,800)
Real estate b y foreclosure, etc. (assessed value, $16,500) .
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
.

Total Assets

$1,319,489 40

Liabilities.
Due depositors on 6,984 accounts, averaging $182.20 each
(Accounts opened during year, 1,084; closed, 784; increase, 350)
Surplus: —
a. Guaranty fund (2.68% of deposits; increase during year, $8,200)
b. Profit and loss (increase during year, $1,621.72)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.


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

Total Liabilities .

.

$1,272,484 53

34,150 00
12,826 65
28 22

$1,319,489 40

No. 8.

BAN K COMMISSIONER.

113

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$1,260.34 $3,700.00
$300.00
C ost per $1,000 of assets
.95
2 .8 0
.23
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$123.70
$2,005.51
$7,389.55
.09
1.52
5.59
................................................................... 4.41

Gross income received during the year, $58,429.25.

Rates on Investments and Loans (Average on All, 4.87%).
Real estate loans (average rate, 5.19 per cent.): 4J^%, $20,000; 4J^%, $35,000; 5%, $458,700; o lA % ,
$273,750; 6%, $58,375.
Personal loans (average rate, 5.85 per cen t.): 5%, $3,600; o A % , $1,000; 6%, $22,275.
Bonds, stocks, etc. (average rate on amounts invested, 4.09 per cent.):
$75,000; 4% , $230,800;
4L£%, $7,000; 4 K % , $44,000; 5%, $26,000.
Number of loans not over $3,000 each, 261, amounting to $434,700.
53 real estate loans made during year, amounting to $135,850.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 12,418, amounting to

.

$22,122 09
23,266 70
392,874 57

.

$438,263 36
334,211 50

Number of withdrawals during year, 7,325, amounting to
Net increase in amount due depositors

$104,051 86

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Public Funds, Notes.
Par Value.
$27,800 Everett 4s
7.000 Everett 4As
4.000 Everett 4J^s
6.000 Everett 5s

Par Value.
$10,000 Massachusetts ZAs
20.000 Boston 3)^s
26.000 Everett 4s
15.000 Fall River 3p£s
10.000 Fall River 4s
10.000 Malden 4s
4.000 Quincy 4s
7.000 Adams 4s
12.000 Clinton 4s
10.000 Dudley 3)^s

D ates

o p

E x a m in a t io n


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

Railroad Bonds.
$20,000"Boston & Albany 4s
20.000 Boston & Lowell 4s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4J^s

a n d

A u d it ,

February 8 -10 inclusive.

Par Value.
$10,000 C., B. & Q. 4s
10.000 Chic., Mil. & St. Paul 4A s
15.000 Chic. & Northwestern 4s
10.000 Illinois Central 3As
10.000 N. Y., N. H. & H. 3^s
10.000 Old Colony 4s

Street Railway Bonds.
$10,000 Boston Elevated 4s
20.000 Boston Elevated 4A&
20.000 Boston Elevated 5s
13.000 West End 4s

(

114

REPORT OF TH E

[Pub. Doc.

FAIRHAVEN INSTITUTION FOR SAVINGS, FAIRHAVEN.
19 CENTRE STREET.
Incorporated February 10, 1832. Number of corporators, 40; number of trustees, 18.

T hom as

A.

T r ip p ,

President.
E l is h a

H.

C h arles

S.

W h i t i n g , J r .,

Board of Trustees: J. H. A l l e n , L. E .
G a r d n e r , W . H. J u d d , D . N. K
N y e , E . G. S p o o n e r , E . G. T

M o rton ,

Treasurer.

Clerk of the Corporation.

S. S. B u m p u s , D . W . D e a n e , L. L e B . D e x t e r , W . B.
G. B. L u t h e r , C. H . M o r t o n , L. W . M o r t o n , H. K .
a n , J.
C. T r i p p , T . A . T r i p p , C. D . W a l d r o n , E . S.

B en tley,
e l l e y
a l l m

,

W h it in g , Jr.

Board of Investment: T . A.
Auditing Committee: J. C.

T r ip p ,

T r ip p ,

W . H.
G. B.

Judd,

G. B.

L u th er,

L u th er,

J. H.

L. E.

B en tley,

D. W.

D ean e.

A lle n .

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 30, 1915.
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
440 loans on real estate (average of each, $1,852.46) .
Less amount due on uncompleted loans .
.
.

.

.

.

00
50
00
25
00
75

815,081
261,200
5,000
150
28,625
135

67
00
00
00
16
59

$817,921 67
2,840 00

.

42 loans on personal security
Bank building and fixtures (estimated value, $5,000; assessed value, $3,720)
Real estate b y foreclosure, etc. (assessed value, $190)
Deposits in national banks or trust companies
Cash .
.
.

Total Assets

$91,166
171,572
19,600
22,756
31,260
1,898

.

.

.

.

$1,448,445 92

Liabilities.
Due depositors on 2,214 accounts, averaging $611.45 each
CAccounts opened during year, 242; closed, 194; increase, 48)
Surplus: —
a. Guaranty fund (3.25% of deposits; increase during year, $5,200)
b. Profit and loss (increase during year, $6,107.30)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

Total Liabilities .

.

$1,353,745 54

44.000 00
50.000 77
$727 71
28 10
-----------------------

699 61

. $1,448,445 92

115

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
$500.00
$2,210.42 $2,989.04
Amount paid for
.34
1.53
2.07
Cost per SI,000 of assets
Cost per $1,000 of assets not including State tax and rent .

Total.
Advertising. Other Expenses.
$1,147.94
$6,902.08
$54.68
.79
4 .7 7
.04
2.90

Gross income received during the year, $69,538.64.

Rates on Investments and Loans (Average on All, 5.12%).
Real estate loans (average rate, 5.47 per cent.): 5%, $308,187; 5)4% , $251,957.60; 6%, $254,937.07.
Personal loans (average rate, 5.06 per cent.): 4)^% , $10,000; 4 )4% , $60,000; 4 % % , $15,000; 5%,
$90,400; 5)4% , $55,000; 6%, $30,800.
Bonds, stocks, etc. (average rate on amounts invested, 4.31 per cent.); 3%, $10,000; 3)4% , $6,000; 3)4% ,
$67,000; 4%, $184,600; 4.30%, $5,500; 4)4% . $27,000; 5%, $26,880; 7%, $9,000; 8%, $S,300;
9%, $1,300.
Number of loans not over $3,000 each, 389, amounting to $488,561.42.
76 real estate loans made during year, amounting to $109,515.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 1,379, amounting to

$25,279 42
25,921 14
192,159 25

Number of withdrawals during year, 1,405, amounting to

$243,359 81
187,087 63
$56,272 18

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.

Par Value.
$10,000 Boston & Albany 4s
5.000 Boston & Lowell 4s
10.000 Boston & Maine 3s
10.000 Boston & Maine 3)4s
10.000 Boston & Maine 4s
15.000 C., B. & Q. 4s
5.000 Chicago, Mil. & St. Paul 5s
3.000 Concord & Montreal 4s
10.000 Fitchburg 3)4s
10.000 Fitchburg 4s
10.000 Fitchburg 4)4s
20.000 Illinois Central 3)4s
2.000 Minn. & Iowa 3J4s
5.000 N. Y. C. & H. R. 3)4s
10.000 N. Y., N. H. & H. 3)4s
15.000 N. Y., N. H. & H. 4s

Par Value.
$20,000 Boston 4s
10.000 Fall River 4s
5.000 Lynn 4s
5.000 Melrose 4s
5.000 Mansfield 4s
5.000 Norwood 4)4s
10.000 Peabody 4s
5,600 Plainville 4s
2.000 Provincetown 4)4s
2.000 Revere 4s
9.000 Westborough 4s

Public Funds, Notes.
$5,500 Avon 4.30%
6.000 North Brookfield 3)4s

D ates

o f

E x a m in a t io n


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

a n d

A u d it ,

M ay 11-14 inclusive.

Par Value.
$5,000 No. Maine Seaport 5s
5.000 Peoria & Northw. 3)4s
10,000 Portland Terminal Co. 4s
5.000 Washington Co. 3)4s

Street Railway Bonds.
10.000 Boston Elevated 4s
10.000 Boston Elevated 4J4s

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

116

REPO RT OF THE

[Pub. Doc.

FALL RIVER SAVINGS BANK, FALL RIVER.
141 NORTH MAIN STREET.
Incorporated M arch 11, 1828.

H en ry

C.

H a w k in s ,

Number of corporators, 97; number of trustees, 19.

President.
Jam es

C h arles
N .

B u f f in t o n ,

Board o f Trustees: C. M . A l l e n , C . A. B a s s e t t , H . P.
B. D . D a v o l , N . R . E a r l , E . J . F r e n c h , B . S. C .
W . F . H o o p e r , H . H . H o r t o n , W . H . J e n n i n g s , C.
L . E . W o o d , C. B . W o o d m a n .
Board o f Investment: H. C.
Auditing Committee: E . J.

H a w k in s ,

F ren ch ,

C. M .

H. H.

A.

B assett,

Treasurer.

Clerk of the Corporation.

A lle n ,

H o rton ,

B ro w n , J.

N .

B u f f in t o n , D .

S.
J. E

J. B u r d i c k ,
C. H a w k i n s ,

G if f o r d , W .

G ree n e, H .

B . L u th er,

. N ew to n , E . B . V a r n e y ,

D . J.

B. S. C.

B u r d ic k ,

L. E .

W ood,

C . B.

W oodm an.

G if f o r d .

Deposits draw interest from first M onday of January, April, July and October; dividends are pay­
able first M onday of April and October. Business hours: 9 a . m . to 2 p . m .

STATEMENT OF CONDITION, OCTOBER 30,'1915.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Stocks of banks and trust companies
881 loans on real estate (average o f each, $4,655.90)
Less amount due on uncompleted loans .

$815,000 00
3,739,000 00
270,900 00
$4,130,500 00
28,650 00
4,101,850
1,279,350
30,000
184,438
15,588

63 loans on personal security
Bank building and fixtures (estimated value, $30,000, assessed value, $53,000)
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.

Total Assets

00
00
00
67
02

. $10,436,126 69

Liabilities.
Due depositors on 19,181 accounts, averaging $491.68 each
(Accounts opened during year, 2,125; closed, 2,465; decrease, 340)
Surplus: —
a. Guaranty fund (5.01% o f deposits; increase during year, none)
b. Profit and loss {increase during year, $120,041 -46)
Current incom e: —
a. Interest .
.
.
.
.
.
.
$17,885 88
b. Rent
.
.
.
.
.
.
.
291 57


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

.
.

.
.

Total Liabilities .

$9,430,918 23

472,700 00
421,944 31

$18,177 45
2,546 67
-----------------

Less current expenses not charged off
Unearned discount
.
.
Suspense account
.
.
Due on internal revenue tax

.

15,630
94,202
694
36

78
48
22
67

. $10,436,126 69

BANK COMMISSIONER.

No. 8.]

117

Total Expenses for the Year, including State Taxes.
Rent.
Advertising. Other Expenses.
Total.
State Tax (Net). Salaries.
Am ount paid for
$22,201.44 $24,323.35 $2,000.00
$1,934.01
$50,458.80
.18
4 .83
Cost per $1,000 of assets
2.13
2 .33
.19
2.51
Cost per $1,000 of assets not including State tax and rent .

Gross income received during the year, $537,436.85.

Rates on Investments and Loans (Average on All, 5.08%)
Real estate loans (average rate, 5.03 per cent.): 4J^%, $708,800; 5%, $2,443,434; 5 K % . $949,616.
Personal loans (average rate, 4.51 per cent): 4%, $50,000; 4 3^8%, $50,000; 4L£%, $50,000; 4}^% , $1,034,400; 5%, $69,950; 6%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 5.28 per cent.): 2 % % , $45,000; 3.85%, $50,000;
4%, $1,165,000; 4 ^ % , $250,000; 5%, $1,146,000; 6%, $1,716,400; 7%, $368,000; 8%, $33,600;
9%, $22,000; 12%, $23,200; 14%, $1,200.

Number of loans not over $3,000 each, 439, amounting to $716,975.
116 real estate loans made during year, amounting to $518,525.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 17,450, amounting to

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

$181,369 24
181,382 29
1,350,436 92

Number of withdrawals during year, 17,756, amounting t

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

$1,713,188 45
1,700,162 76

o

Net increase in amount due d e p o s i t o r s ...............................................................

.

$13,025 69

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$100,000 Massachusetts 4s
370.000 Boston 4s
50.000 Fall River 4s
100.000 Newark, N. J., 4Hs
100.000 Worcester 4s

Public Funds, Notes.
$25,000 Melrose 2%s
50.000 Springfield 3.85%
20.000 Ware 2%s

Railroad Bonds
$100,000 Boston & Maine 4}4s
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
22.000 Chic. & Northw. 5s

D ates

of

E x a m in a t io n ,


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

Par Value.
$250,000 Chic., R. I. & Pac. 6s
125.000 Chic., St. P., M. & O. 6s
50.000 Cleveland & Pitts. 4}4s
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

August 9-11 inclusive.

Par Value.
$50,000 Rome, Water. & Og. 5s
100.000 San Fran. & San 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
286 Nl. Shawmut Bk., Boston
232 Second 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

118

REPORT OF THE

[Pub. Doc.

FALL RIVER FIVE CENTS SAVINGS BANK, FALL RIVER.
79 NORTH MAIN STREET.
Incorporated April 10, 1855.

L eonaed

Number of corporators, 40; number of trustees, 20.

N . Slad e,

Clerk of the Corporation.

Board of Trustees: C . N . B o e d e n , J. H. B o w e n , G . P. B b o w n , J a m e s B u f f i n g t o n , S. B. C h a s e , A .
P. D a v o l , G . S. D a v o l , W . E . D o w , H. B. D u e f e e , N a t h a n D u e f e e , R . N . D u e f e e , O . S.
H a w e s , C. L. H o l m e s , J. F. J a c k s o n , E . B. J e n n i n g s , L e o n t i n e L i n c o l n , J a m e s M a e s h a l l ,
A . A. M i l l s , L. N . S l a d e , C . S . W a b i n g .
Board of Investment:

A . P . D a v o l , H . B . D u e f e e , O . S . H a w e s , E . B . J e n n in g s , C . S . W a b in g .

Auditing Committee:

G .

P.

B e o w n , A .

P.

D avo l,

C. N .

B o ed en .

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 30, 1915.
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
.
.
.
.
645 loans on real estate {average of each, $3,4^3.IS) .
.
.
.
Less amount due on uncompleted loans .
.
.
.
.
.

.
.

.
.

.
.
.
.
.
.
.
.
.
.
.
.
$2,221,922 00
14,000 00
----------------------69 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $284-,ZOO; assessed value, $152,200) .
.
Real estate b y foreclosure, etc. (assessed value, $2,700)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.

.

$520,000
2,776,400
140,283
113,812
162,400
14,757

00
00
80
50
00
50

2,207,922
1,092,906
203,400
1,803
214,057
16,961

00
00
00
45
39
82

Total A s s e t s .......................................$7,464,704 46

Liabilities.
Due depositors on 25,358 accounts, averaging $265.03 each
.
.
.
.
.
(Accounts opened during year, 3,605; closed, 2,818; increase, 787)
Surplus: —
а. Guaranty fund (4.95% of deposits; increase during year, $6,182.06) .
.
.
б. Profit and loss (increase during year, $53,084-42) .
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
$145,558 33
b. Rent
.
...............................................................
188 45
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
•.
.


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

Total Liabilities .

$6,720,623 20

332,958 97
222,603 48

145,746 78
42,772 03

. $7,464,704 46

No. 8.

BANK COMMISSIONER,

119

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$19,149.87 $18,686.16 $3,208.37
$259.88
$3,548.94
$44,853.22
Cost per $1,000 of assets
2 .5 6
2 .5 0
.4 3 .
.03
.47
5.99
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3 .0 0
Gross income received during the year, $362,987.28.

Rates on Investments and Loans (Average on All, 5.03%).
Real estate loans (average rate, 5.18 per cent.): 4J^%, $111,200; 5%, $1,255,950; 5J^%, $789,122; 6%,
$51,650.
Personal loans (average rate, 4.60 per cent.): 4% , $65,000; 4 M % . $100,000; 4J^%, $580,000; 4M % ,
$131,200; 5%, $184,250; 5>^%, $18,956; 6%, $13,500.
Bonds, stocks, etc. (average rate on amounts invested, 5.07 per cent.): 3.10%, $50,000; 3}4% , $100,000;
4% , $958,000; 4 ^ % , $307,000; 5%, $936,000; 6%, $1,197,900; 7%, $118,400; 8%, $55,500;
10%, $5,000.
Number of loans not over $3,000 each, 399, amounting to $634,072.
84 real estate loans made during year, amounting to $393,400.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 2%
Number of deposits during year, 37,475, amounting to
.

$124,355 18
126,216 34
1,212,174 59

Number of withdrawals during year, 22,820, amounting to

$1,462,746 11
1,217,876 75

Net increase in amount due depositors

$244,869 36

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$100,000 Massachusetts 3)^s
25.000 California 4s
50.000 Boston 4s
50.000 Cleveland, 0., 4J^s
70.000 Fall River 4s
25.000 Grand Rapids, Mich., 4J^s
25.000 Hartford, Conn., 4bcS
25.000 Portland, Ore.,
50.000 Seattle, Wash., 4)^s
50.000 Worcester 4s

Public Funds, Notes.
$50,000 Brockton 3.10%

Railroad Bonds.
$37,400 Burlington & Mo. Riv. 6s
110.000 C., B. & Q. 4s
162.000 C., B. & Q. 5s
15.000 Chicago, Mil. & St. Paul 5s
20.000 Chic. & Northwestern 4s
30.000 Chic. & Northwestern 5s
99.000 Chic. & Northwestern 6s
15.000 Chic., Mil. & St. Paul 5s

D ates

o f

E x a m in a t io n ,


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

Par Value.
$25,000 Chic., R. I. & Pac. 4s
18.000 Cleveland & Pittsburg 4Jis
31.000 Delaware & Hudson 7s
37.000 Fitchburg 4}^s
242.000 Fre., Elk. & Mo. Val. 6s
200.000 Illinois Central 4s
25.000 Illinois Central 5s
20.000 Louisville & Nashville 5s
130.000 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
100.000 St. P., Minn. & Man. 6s
2,000 St. Paul & North. Pac. 6s

December 3 -7

in c lu s iv e .

Par Value.
$10,000 St. Paul & Sioux City 6s
30.000 Schenec. & Duanesbg. 6s
20.000 Winona & St. Peter 7s

Street Railway Bonds.
$20,000 Boston Elevated 4s
67.000 Boston Elevated 4}^s
30.000 Boston Elevated 5s
27.000 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
100 Fall River National Bank
424 Massasoit-Poc. Nl. Bk., Fall River
375 Metacomet Nl. Bk., Fall River
100 Taunton National Bank

120

REPO RT OF THE

[Pub. Doc,

FARMERS AND MECHANICS SAVINGS BANK, FRAMINGHAM.
26
Incorporated April 23, 1883.

W

il l a r d

H

owe,

President.

CONCORD STREET.
Number of corporators, 35; number of trustees, 10.

•

J u l i a n W . P h il l ip s ,

A rthur F . H a ll,

Treasurer.

Clerk of the Corporation.

Board of Trustees: A . M . F i t t s , G. E . F o w l e r , C. E . H a b e r s t r o h , L. H . H o o k e r , H . M . H o w e ,
W il l a r d H o w e , H . C. K i n g m a n , J. W . P h il l ip s , W . F . R i c h a r d s o n , J. T . W h i t n e y .
Board of Investment: A . M . F i t t s , J. W . P h il l ip s , W . F . R ic h a r d s o n , J. T . W

h it n e y .

Auditing Committee: A. S. B a l d w i n , C. E. H a b e r s t r o h , A . M . F i t t s , L. H . H o o k e r , H . M . H o w e ,
H . C. K

in g m a n .

Deposits draw interest from first day of January, April, July and October; dividends are payable
the third Tuesday of April and October. Business hours: 9 a . m . to 3 p .m .; Saturdays, 9 a .m .
to 12 m . and 7 to 9 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
488 loans on real estate (average of each, $2,511.87) .
.
Less amount due on uncompleted loans .
.
.
.

.
.
.
.

.
.
.
.

.

.
.

59 loans on personal security
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $9,650)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.

.
.

.
.

.

.
.

Total Assets

$252,498
40,106
34,132
16,706

00
25
50
45

1,225,792
373,655
5,500
13,453
145
36.902
12,951

88
00
00
05
62
21
76

«1,227,592 88
1,800 00

.
.

' .

$2,011,843 72

Liabilities.
Due depositors on 7,644 accounts, averaging $246.20 each
{Accounts opened during year, 1,500; closed, 952; increase, 548)
Surplus: —
a. Guaranty fund (8.17% of deposits; increase during year, $4>700)
b. Profit and loss {increase during year, $7,699.34)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Suspense account


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

.

.

.

.

.

.

.

.

Total Liabilities .

.

$1,881,987 27

59,750 00
66,205 39
$3,942 56
644 50
3,298 06
603 00

. $2,011,843 72

121

BANK COMMISSIONER.

No. 8.

Total Expenses for the Year, including State Taxes.
Total.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses
$12,236.94
Amount paid for
$2,765.96 $5,934.77 $1,500.00
$243.67
$1,792.54
6 .0 7
C ost per $1,000 of assets
1.37
2 .9 5
.74
.12
.89
3.96
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.

Gross income received during the year, $89,194.80.

Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 5.06 per cen t.): 4J^%, $28,000; 5%, $1,102,602.88; 5J^%, $3,800; 6%,
$91,390.
Personal loans (average rate, 4.84 per cent.): 4®^%, $25,000; 4 % % , $277,000; 5%, $50,000; o xA % ,
$5,700; 6%, $15,955.
Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): 3J4%> $45,000; 4% , $163,000;
4 A%< $25,000; 5%, $100,000; 6%, $11,900; 12%, $900.

Number of loans not over $3,000 each, 414, amounting to $576,968.25.
86 real estate loans made during year, amounting to $188,050.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 11,975, amounting to
..

$32,333 03
34,163 18
537,467 21

.

$603,963 42
404,829 15

Number of withdrawals during year, 8,114, amounting to

$199,134 27

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
Par Value.
$45,000 Bangor & Aroostook 5s
5.000 Boston & Albany 314s
20.000 Boston & Albany 4s
30.000 Boston & Albany 5s
5.000 Boston & Lowell 4s
25.000 Boston & Maine 4s
30.000 C., B. & Q. 314s
20.000 Fitchburg 4s

D ates

of

E x a m in a t io n ,


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

Par Value.
$10,000 N. Y., N. H. & H. 314s
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 414s
June 14-16 inclusive.

Bank Stocks.
Shs.
16 Eliot Nl. Bk., Boston
9 Second Nl. Bk., Boston
100 Framingham Nl. Bk.
9 Northborough National Bk.
10 First Nl. Bk. of Newton, W. New.

122

REPO RT OF THE

[Pub. Doc,

FITCHBURG SAVINGS BANK, FITCHBURG.
745 MAIN STREET.
Incorporated February 12, 1846.

C h ar les

E. W

are,

Number of corporators, 59; number of trustees, 28.

President.

F r e d e r ic

E b e n e z e r B a il e y ,

C. N i c h o l s , Treasurer.

Clerk of the Corporation.

Board of Trustees: H e n r y A l l is o n , H a r r i s o n B a i l e y , B . A . C o o k , A l v a h C r o c k e r , S. E. M .
C r o c k e r , G. H. C u t l e r , J. H. D a n i e l s , D . M . D i l l o n , G. A . D u n n , M . F. D u n n , B. D . D w i n n e l l , C h a r l e s F o s d ic k , F. H. F o s s , S. H. F r a n c is , G. P. G r a n t , J r., J. L. J o h n s o n , A . H.
L o w e , H e n r y M c G r a t h , T . F. M u r n a n e , F. C. N i c h o l s , C . M . P a r k e r , F. W . P a r k s , W .
E . P u t n e y , H. K . S i m o n d s , J. A . S t i l e s , H. G. T o w n e n d , G. R . W a l l a c e , C. E . W a r e .
Board of Investment: C. M . P a r k e r , C. E . W

a r e , J. L . J o h n s o n , F .
F. W . Parks.

H . F oss,

S. H . F r a n c i s ,

Auditing Committee: H a r r is o n B a i l e y , B. D . D w i n n e l l , M . F. D u n n .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours; 8.45 a . m . to 3 p . m . ; Saturdays, 8.45 a . m . to 12 m . ; also
Tuesdays, 6 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
.
.
922 loans on real estate (average of each, $4,445.07) .
.
.
.
146 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $125,000; assessed value, $123,000)
Deposits in national banks or trust companies
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.

$542,290
470,000
125,000
50,000
50,000
162,500
4,098,357
1,853,650
75,000
269,356
3,835

.

Total Assets

00
00
00
00
00
00
00
00
00
76
62

$7,699,989 38

Liabilities.
Due depositors on 14,439 accounts, averaging $490.56 each
(Accounts opened during year, 2,486; closed, 2,059; increase, 4@7)
Surplus: —
a. Guaranty fund (4-95% o f deposits; increase during year, $9,525)
6. Profit and loss (increase during year, $60,583.85)
Current income: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.
.
.
.
Unearned discount

.


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

.

.

.

.

.

.

.

Total Liabilities .

.

$7,083,246 65

350,525 00
111,263 01
$152,180 87
1,773 85
153,954 72
1,000 00

. $7,699,989 38

No. 8.]

BANK COMMISSIONER.

123

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$11,705.72 $13,929.86 $1,500.00 $1,733.89
$5,633.08 $34,502.55
Cost per $1,000 of assets
1.52
1.81
.19
.22
.73
4 .4 7
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .7 6
Gross income received during the year, $358,400.57.

Rates on Investments and Loans (Average on All, 4.88%).
Real estate loans (average rate, 4.94 per cent.): 4 % % , $452,499; 4 % % , $10,000; 5%, $3,622,558; 514%,
$11,850; 6%, $1,450.
Personal loans (average rate, 5.09 per cent.): 4 }4% , $25,000; 4 % % , $40,000; 5%, $1,523,625; 5]%%,
$15,000; 5V2% , $102,275; 5M % . $50,000; 6%, $83,750; QV2%, $14,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.40 per cent.): 3i4% , $200,000; 3M % , $4 0004%, $784,800; 4M % , $5,000; 4 ^ % , $196,984.90; 4 % % , $1,000; 5%, $50,000; 5 ^ % , $ 3 ,O O o !
6%, $40,500; 7%, $6,700; 8%, $72,500; 10%, $25,500.
Number of loans not over $3,000 each, 673, amounting to $1,029,552.
167 real estate loans made during year, amounting to $876,850.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 M %
Number of deposits during year, 13,958, amounting to

$132,942 79
151,337 92
1,430,708 59

Number of withdrawals during year, 11,320, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$1,714,989 30
1,456,717 47
.

$258,271 83

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Par Value.
$16,692 Troy, N. Y., 4J^s
10.000 Wilkes-Barre, Pa., 4s
20.000 Yonkers, N. Y., 4J^s
10.000 Amesbury 4s
6.000 Franklin 4s
10.000 Stamford, Ct., 4s
1.000 Sudbury 4s
10.000 Turners Falls 4s
14.000 Watertown 4s
4.000 Wellesley 4s
3.000 Westminster 4s
4.000 Shelburne Falls (F. D.), 4s

Par Value.
$75,000 Massachusetts 3)^s
25.000 Massachusetts 4s
7.000 Akron, 0., 414s
8.000 Akron, 0., 5s
3.000 Akron, 0., 5)^s
6.000 Beverly 4s
33.000 Boston 4s
5.000 Brockton 4s
33.000 Chicago, 111., 4s
4.000 Dayton, 0., 4s
12.000 Dayton, 0., 5s
17.000 Fall River 4s
25.000 Fitchburg 4s
25.000 Grand Rapids, Mich., 4J^s
27.000 Lawrence 4s
2.000 Lowell 4s
14.000 Lynn 4s
28.000 Malden 4s
1,800 Melrose 4s
15.000 Milwaukee, Wis., 4J4s
5.000 Minneapolis, Minn., 4s
1.000 Minneapolis, Minn., 4%s
17.000 New Bedford 4s
13.000 Somerville 4s
5.000 Springfield 4J^s
1.000 St. Paul, Minn., 4s
10.000 Taunton 4s
D

ates

of

E x a m in a t io n


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

Public Funds, Notes.
$4,000 Ashburnham 3%s
2,100 Ashburnham 4J^s
1,190 Ashby 4}4s
10,000 Lunenburg 4s

Railroad Bonds.
$26,000 Boston & Albany 4s
20.000 Boston & Albany 5s
30.000 C., B. & Q. 4s
25.000 Concord & Montreal 4s
166,000 Fitchburg 4s
68.000 Fitchburg 4)^s
and

A u d it ,

Par Value.
$25,000 Illinois Central 3J^s
25.000 New England 4s
50.000 N. Y „ N. H. & H. 3^s
35.000 Old Colony 4s
1,000 Rome, Wat. & Ogdens. 5s

Street Railway Bonds.
$25,000 Boston Elevated 4s
9.000 Boston Elevated 4}4s
8.000 Fitchburg & Leominster 4J^s
5.000 Fitchburg & Leominster 5s
4.000 Leom., Shirley & Ayer 5s
49.000 West End 4s
25.000 West End 4J4s

Bank Stocks.
Shs.
50 Fourth-Atlantic Nl. Bk., Boston
235 Merchants Nl. Bk., Boston
575 Nl. Shawmut Bk., Boston
400 Fitchburg Bk. & Tr. Co.
257 Fitchburg Nl. Bk.
5 Townsend Nl. Bk.
67 Crocker Nl. Bk., Turner’s Falls
100 Merchants Nl. Bk., Worcester
20 Worcester Trust Co.

Novem ber 10-16 inclusive.

124

[Pub. Doc.

REPORT OF THE

FLORENCE SAVINGS BANK, FLORENCE.
85 MAIN STREET.
Incorporated February 14, 1873.

Number of corporators, 34; number of trustees, 19.

L ou is F. P l im p t o n , President.

M . P l im p t o n , Treasurer.

E m i l ie

F r e d e r ic k C . E l y ,

Clerk o f the Corporation.

Board of Trustees: H . N. B r e w s t e r , R . H . C o o k , W i l l i a m C o r d e s , F . C. E l y , O . F . E l y , E . T.
F o l e y , E . E . G r a v e s , E . A . H a v e n , H . B . H a v e n , C . A . H u x l e y , L. W . M o r g a n , E . M . P l im p ­
t o n , L . F . P l im p t o n , E . A . R i c e , W . H . R i c e , H . E . R i l e y , O . M . S m i t h , A . M . W a r e , A. C.
W

arner.

Board of Investment: L . F . P l im p t o n , A . M . W

are,

W . H . R ic e , H . B . H a v e n , W

Auditing Committee: H . B . H a v e n , F. C. E l y , A . C . W

il l ia m

C o rdes.

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 30, 1915.
Assets.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
240 loans on real estate (average o f each, $2,024.30)
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,
.
.
.
.
.
.

Total Assets

.

.
.
.

.
.
.

.
.
.

.
.
.
.
.
.
.
.
.
.
$3,000)
.
.
.
.
.
.
.
.

$153,173 75
56,037 50
10,000 00
17,900 00
485,831 00
15,702 00
4,000 00
20,416 39
1,006 24

.

.

.

.

.

.

.

$764,066 88

Liabilities.
Due depositors on 2,529 accounts, averaging $278.55 each
.
.
(Accounts opened during year, 363; closed, 261; increase, 102)
Surplus:^—
a. Guaranty fund (4-93% o f deposits; increase during year, $1,262)
b. Profit and loss (increase during year, $4,601.07)
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$1,131 64
b. Rent
.
.
.
.
.
.
.
46 65
----------------------Less current expenses not charged off
.
.
.
.
.


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

.

.

.

.

.

$704,459 46

34,767 00
23,800 98

$1,178 29
138 85
1,039 44

Total Liabilities

.

.

.

$764,066 88

No.

BANK COMMISSIONER.

125

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$924.98 $1,350.00
$200.00
C ost per $1,000 of assets
1.21
1.77
.26
Cost per $1,000 of assets not including State tax and rent

Advertising. Other Expenses. Total.
$82.30
$408.41
$2,965.69
.11
.53
3 .88
..........................................
2.41

Gross income received during the year, $35,652.28.

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5 per cent.): 5%, $485,481; 6%, $350.
Personal loans (average rate, 5.09 per cent.): 5%, $14,332; 6%, $1,370.
Bonds, stocks, etc. (average rate on amounts invested, 4.40 per cen t.): 3%, $5,000; 3^$%, $32,000; 4%,
$131,000; 4J^%, $45,000; 5%, $20,400; 7%, $12,500.
Number of loans not over $3,000 each, 221, amounting to $329,083.
14 real estate loans made during year, amounting to $28,945.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 3,605, amounting to

$13,180 74
13,302 85
131,708 96

Number of withdrawals during year, 2,283, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

$158,192 55
138,161 55

.
.

$20,031 00

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.
Par Value.
$5,000 Baltimore & Ohio 3J^s
5.000 Boston & Albany 4s
10.000 Boston & Lowell 414s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4)^s
5.000 C., B. & Q. 4s
10.000 Chicago, Mil. & St. Paul 5s
5.000 Fitchburg 4b£s

D ate

of

E x a m in a t io n ,


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

Par Value.
$5,000 Illinois Central 3s
27.000 Illinois Central 3}^s
5.000 Illinois Central 4s
45.000 N. Y., N. H. & H. 4s
15.000 Northern Pacific 4)4s

Street Railway Bonds.
$15,000 Boston Elevated 4s
5.000 Boston Elevated 4)^s

June 30.

Par Value.
$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

126

REPORT OF THE

[Pub. Doc.

FOXBOROUGH SAVINGS BANK, FOXBOROUGH.
SCHOOL STREET.
Incorporated April 18, 1855.
L e w is E . G r a y ,

Number of corporators, 30; number of trustees, 15.

President.

W
G eorge R . E

l l is ,

il l ia m

H. T

orrey,

Treasurer.

Clerk of the Corporation.

Board of Trustees: F o r r e s t B a s s e t t , H o r a c e C a r p e n t e r , E . C . C o m e y , G . R . E l l i s , L . E . G r a y ,
A . J. H a r t s h o r n , L . B . L a w r e n c e , O r l a n d o

M

cK e n z ie ,

W . R i c h a r d s o n , H . G . S m i t h , W . H. T o r r e y , J a r v is W

F . A . Pettee, F . H .
W . A. Y o un g .

R ic h a r d s , J.

il l ia m s ,

Board of Investment: L. E . G r a y , A. J. H a r t s h o r n , F o r r e s t B a s s e t t , J. W . R ic h a r d s o n , W . A .
Y

Auditing Committee: J a r v i s W

il l ia m s ,

oung.

F. A . P e t t e e , F . H. R i c h a r d s .

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 Saturdays, 6 to 8 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes .
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Stocks of banks and trust companies
.
.
.
295 loans on real estate {average o f each, $1,522.90) .
Less amount' due on uncompleted loans .
.
.

.

.
.
.

.
.
.

.
.
.

.

.

.
.
.
.

.

.
.

.
.
.

.
.
.
.
8449,355 00
100 00

.
.

.

.

8 loans on personal security .
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $31,876.02; assessed value, $28,000)
Real estate b y foreclosure, etc. (assessed value, $11,650) .
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.

Total Assets

$7,000
118,367
97,040
7,950
31,530

00
50
00
00
00

449,255
8,451
31,876
9,364
14,296
1,433

00
87
02
46
74
32

$776,564 91

Liabilities.
Due depositors on 1,962 accounts, averaging $354.45 each
( Accounts opened during year, 219; closed, 158; increase, 61)
Surplus; ■
—a. Guaranty fund (4-88% of deposits; increase during year, $2,119.02)
b. Profit and loss (decrease during year, $624-34)
Current income; —
a. Interest .
.
.
.
.
.
.
$11,336 88
b. R e n t ...............................................................
343 95

33,982 63
36,509 22

$11,680 83
1,043 56

Less current expenses not charged off


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

$695,435 79

10,637 27

Total Liabilities .

.

.

.

.

$776,564 91

No.

BANK COMMISSIONER.

127

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$796.20
$1,885.00
$412.50
Cost per $1,000 of assets
1.02
2.43
.53
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
$12.21
$478.24
.01
.61

Total.
$3,584.15
4 .6 0
3.05

Gross income received during the year, $37,973.09.

Rates on Investments and Loans (Average on All, 5.53%).
Real estate loans (average rate, 5.96 per cent.): 5%, $16,600; 6%, $432,655.
Personal loans (average rate, 6 per cent.): 6%, $8,451.87.
Bonds, stocks, etc. (average rate on amounts invested, 4.78 per cent.): 3%, $5,000; 3 X
A % , $28,000; 4%,
$94,000; 4M % . $56,000; 5%, $63,220; 6%, $7,800; 8%, $18,500.
Number of loans not over $3,000 each, 298, amounting to $348,367.50.
28 real estate loans made during year, amounting to $48,200.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1914, 2%
June, 1915, 2%
Extra dividend declared during year,
Dec., 1914, 1%
Number of deposits during year, 1,562, amounting to

$12,430
12,867
6,230
113,557
i

53
81
78
71

$145,086 83
101,231 09

Number of withdrawals during year, 1,638, amounting to
Net increase in amount due depositors

$43,855 74

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Bank Stocks.
K

Par Value.
$7,000 Los Angeles, Cal., 4Ms

Railroad Bonds.
$5,000 Bangor & Aroostook 5s
5.000 Boston & Maine 3s
5.000 Boston & Maine 3J^s
10.000 Boston & Maine 4Ms
5.000 Boston, R. B. & L. 4Ms
10.000 Chicago, Mil. & St. Paul 5s
1.000 Concord & Montreal 4s
12.000 Fitchburg 4s
5.000 Fitchburg 5s
10.000 Illinois Central 4s

D ate

of

E x a m in a t io n ,


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

Ä : Y., N. H. & H. 3Ms
9.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
5.000 Upper Coos 4s
8.000 Washington Co. 3Ms

Street Railway Bonds.
$11,000 Boston Elevated 4s
19.000 Boston Elevated 4Ms
5.000 Boston & Revere 5s
37.000 Boston & Northern 4s
3.000 Springfield & Eastern 5s
10.000 West End 5s
15.000 Worcester Consol. 4Ms

April 15.

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

128

REPO RT OF THE

[Pub. Doc.

FRANKLIN SAVINGS BANK OF THE CITY OF BOSTON, BOSTON.
6
Incorporated March 15, 1861.
C h a r le s H . B a l d w in ,

PARK SQUARE.
Number of corporators, 73; number of trustees, 34.

President.
C harles

Jo h n H . St u r g i s ,

Treasurer.

D . K e y e s , Clerk of the Corporation.

Board of Trustees: E . B . B a d g e r , C . H . B a l d w i n , G . S . B a l d w i n , G . G . B r a d f o r d , E . C . B r a d l e e ,
T . G . B r e m e r , F. H . B r o w n , I. W . C h i c k , F. S. C l a r k , C . F. C u r t i s , T . M . D e v l i n , C . F.
D o w s e , J. M . E . D r a k e , A l l a n F o r b e s , C o u r t e n a y G u i l d , H e n r y H a l l , E d w a r d H a m l i n ,
H . W . H a r t , C . W . H u b b a r d , J. A . J a c o b s , G . V. L e v e r e t t , J a m e s L o n g l e y , H e r b e r t L y m a n ,
A . E . M a s o n , L a w r e n c e M a y o , O t is N o r c r o s s , J. H . P i e r c e , A . E . P i l l s b u r y , C . E . R o g e r s o n , H . S . S h a w , E l io t W a d s w o r t h , W . Q . W a l e s , F. H. W a r n e r , S. H . W h i d d e n .

Board o f Investment: J. A . J a c o b s , J. H. P i e r c e , H. W . H a r t , I. W . C h i c k , A . E . M a s o n ,
C . H . B a l d w in .

Auditing Committee: J. H. P i e r c e , C. F. D o w s e , T . M . D e v l i n , F. H. W

arner,

C

ourtenay

G

u il d .

Deposits draw interest from first day of February, M ay, August and N ovem ber; dividends are pay­
able February 1 and August 1. Business hours: 9 a . m . to 2 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal C o. bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
•
i .
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
745 loans on real estate (average of each, $11,351.91)
Less amount due on uncompleted loans .
.
.

.
.
.
.

.
.
.
.
.
.
.

.

.
.
.
.
.
.
.

.

.
.
.
.
.
.
.

.

78 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $200,000 •/ assessed value,
Real estate b y foreclosure, etc. (assessed value, $17,450) .
.
.
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
$8,464,965 00
7,792 50

.
$196,000)
.
.
.

$2,319,000
3,529,904
720,032
300.000
137,492
57,000
141.000

00
37
00
00
50
00
00

8,457,172
3,224,500
200,000
9,155
642,280
35,873

50
00
00
80
54
85

. $19,773,411 56

Total Assets
Liabilities.
Due depositors on 30,527 accounts, averaging $604.55 each
(Accounts opened during year, 3,388; closed, 3,411; increase, 927)
Surplus: —
a. Guaranty fund (4.95% of deposits; increase during year, $43,500)
b. Profit and loss (decrease during year, $14,136.21) .
Current income: —
а. Interest .
.
.
.
.
.
.
$187,519 17
б. Rent
...............................................................
1,698 25
c. Miscellaneous .
.
.
.
.
.
5 07
#---------------Less current expenses not charged off
.
.
$10,394 03
Less State or local taxes not charged off .
.
3,528 00

. $18,454,980 28

. ‘

914,500 00
224,793 50

$189,222 49

—

13,922 03
— —-

Unearned discount

175,300 46
3,837 32

Total L ia b ilitie s.......................................$19,773,411 56
Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$41,432.20 $33,626.97
Cost per $1,000 of assets
2 .0 9
1.70
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $871,160.36.


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

Advertising. Other Expenses.
Total.
$934.65
$3,056.82
$79,050.64
.05
.15
3.99
..........................................
1.90

BANK COMMISSIONER,

No. 8.]

129

Rates on Investments and Loans (Average on All, 4.54%).
Real estate loans (average rate, 4.64 per cent.): 4%, $1,528,500; 4)4% , $977,000; 4)4% , $1,739,250;
4J4%, $74,800; 5%, $3,994,060.50; 5M % , $13,000; 5)4% , $74,185; 6%, $56,377.
Personal loans (average rate, 4.68 per cent.): 4)4% , $300,000; 4 )4 % , $2,050,000; 4)4% , $267,500,
4)4%, $100,000; 5%, $128,000; 5)4% , $190,000; 6%, $189,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cen t.): 3)4% , $130,000; 3)4% , $893,000;
394%, $5,000; 4%, $2,707,000; 4)4% , $2,400,000; 494%, $50,000; 5%, $818,000; 6%, $204,000;
8%, $27,000; 12%, $20,000; 16%, $10,000.
Number of loans not over $3,000 each, 325, amounting to $648,328.
54 real estate loans made during year, amounting to $938,350.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1915, 2%
Aug., 1915, 2 %
Number of deposits during year, 22,654, amounting to
.

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

Number of withdrawals during year, 21,071, amounting to
N et increase in amount due depositors

.

.

.

.
.

.

.
.

.

.

$340,057 25
349,828 59
2,748,504 40

.

$3,438,390 24
2,519,903 85

.

$918,486 39

SCHEDULE OF SECURITIES OWNED.
Public Funds, Notes.

Public Funds, Bonds.
Par Value.
$175,000 Massachusetts 3)4s
50.000 New York State 4)4s
25.000 Akron, 0., 5s
300.000 Boston 4s
25.000 Belfast, Me., 4s
50.000 Bristol, Conn., 4)4s
25.000 Brockton 3)4s
50.000 Central Falls, R. I., 4s
50.000 Chicago, 111., 4s
100.000 Cleveland, 0., 4)4s
50.000 Grand Rapids, Mich., 4)4s
20.000 Hamilton, 0., 5s
50.000 Indianapolis, Ind., 4s
70.000 Jersey City, N. J., 5s
50.000 Kansas City, Mo., 4)4s
10.000 Medford 3Ms
4.000 Milwaukee, Wis., 3)4s
30.000 Milwaukee, Wis., 4)4s
50.000 Minneapolis, Minn., 4s
25.000 Minneapolis, Minn., 4)4s
50.000 Minneapolis, Minn., 4Ms
10.000 New Bedford 4s
24.000 Newton 4s
100.000 Omaha, Neb., 4J4s
18.000 Revere 4s
125.000 Rochester, N. Y., 4Ms
27.000 Rutland, Vt., 4s
7.000 St. Albans, Vt., 4s
100.000 St. Paul, Minn., 4Ms
50.000 Stamford, Conn., 4Ms
36.000 Superior, Wis., 4Ms
30.000 Syracuse, N. Y., 4Ms
50.000 Toledo, 0., 4Ms
99.000 Troy, N. Y., 4Ms
75.000 Waterbury, Ct., 4s
25.000 Waterbury, Conn., 4Ms
100.000 Woonsocket, R. I., 4s
D ates

o p

E x a m in a t io n


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

a n d

Par Value.
$20,000 Lowell 4s
95.000 Quincy 3)£s
5.000 Worcester 4s
5.000 Avon 3)£s
10.000 Billerica 3Ms
10.000 Bourne 3Ms
5.000 Carver 3Ms
30.000 Chicopee 3Ms
4.000 Norfolk 3Ms

Railroad Bonds.
$50,000 Boston & Albany 3Ms
200.000 Boston & Albany 4s
50.000 Boston & Albany 4Ma
25.000 Boston & Albany 5s
100.000 Boston & Lowell 4s
50.000 Boston & Maine 4s
325.000 Boston & Maine 4Ms
110.000 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
135.000 Chicago, Mil. & St. Paul 5s
10.000 Chicago, Mil. & St. Paul 6s
200.000 Chic. & Northwestern 4s
50.000 Chi., St. Paul, Minn. & 0. 6s
100.000 Concord & Montreal 4s
50.000 Erie & Pittsburgh 3Ms
44.000 Fitchburg 4s
200.000 Fitchburg 4Ms
150.000 Illinois Central 4s
75.000 Louisville & Nashville 4Ms
50.000 Louisville & Nashville 6s
21.000 Mil., Lake Shore & West. 6s
200.000 N. Y. C. & H. R. 3Ms
50.000 N. Y. & N. E. Term. 4s
A u d it ,

January 21-28 inclusive.

Par Value.
$280,000 N. Y., N. H. & H. 4s
50.000 Norwich & Worcester 4s
75.000 Old Colony 4s
25.000 Penobscot Shore Line 4s
100.000 Pennsylvania 4Ms
25.000 Peterboro’ & Hillsboro’ 4Ms
73.000 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
43.000 Brock., Bridge. & Taun. 5s
10.000 George., Rowley & Ips. 5s
105.000 Lynn & Boston 5s
7.000 N. Bed., Middle & Brock. 5s
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
10.000 Worcester & Clinton 5s
50.000 Worcester & Southbridge 4Mb

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

[Pub. Doc.

REPORT OF THE

130

FRANKLIN SAVINGS INSTITUTION, GREENFIELD.
332 MAIN STREET.
Incorporated April 2, 1834.

C h arles

Board of Trustees: C. P.
D an a

M alo n e, W .

Steven s, C .

N.

Number of corporators, 34; number of trustees, 15.

N.

Stoddard,

A l d r ic h , C h a r l e s

E.

N ic h o l s , C . W .

Stoddard, W .

N.

Clerk o f the Corporation.

A lle n , C .

Board of Investment: J. W .

S t e v e n s , L u c iu s

Auditing Committee: W . N .

W ash bu rn ,

C .

N im s , L u c iu s

W ash bu rn ,

F. H.

F. E .

N im s , D a n a

P a y n e ,

D y e r , J oseph

F.

N im s ,

H .

G r is w o l d , J .

P a y n e , A .

M .

P.

L ogan,

R ic e , J.

W .

W ells.

M alo n e, C h arles

W . E.

A lle n ,

C. C.

D y e r .

N ic h o l s .

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 30, 1915.
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
.
919 loans on real estate (average o f eaph, $3,707.04) .
Less amount due on uncompleted loans .
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.

.
.
.
.

.
.
.
.

.
.
.
.
.
.
.
.
.
$3,409,276 47
.
.
.
2,505 00
----------------------163 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
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.
.
.
.

.

.

.

$564,975 00
1,513,321 25
196,087 50
113,500 00
36,001 00
14,000 00

3,406,771 47
1,423,890 53
50,000 00
168,444 56
2,512 62

Total A s s e t s .......................................$7,489,503 93

Liabilities.
Due depositors on 14,599 accounts, averaging $474.83 each)
.
.
.
.
.
(Accounts opened during year, 1,267; closed, 1,246; increase, 22)
Surplus: —
a. Guaranty fund (4-99% of deposits; increase during year, SI,000)
.
.
.
b. Profit and loss (increase during year, $54,028.75) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$46,158 45
Less current expenses not charged off
.
.
$3,240 83
Less State or local taxes not charged off .
.
1,342 50
----------------------4,583 33
---------------------


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

Total Liabilities .

$6,932,108 69

$346,000 00
169,820 12

41,575 12

. $7,489,503 93

No. 8.'

BANK COMMISSIONER.

131

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Kent.
Amount paid for
$16,608.19 $10,883.26
Cost per $1,000 of assets
2 .2 2
1 .45
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$124.57
$2,039.08 $29,655.10
.02
.27
3 .96
................................................................... 1.74

Gross income received during the year, $350,830.17.

Bates on Investments and Loans (Average on All, 4.80%).
Real estate loans (average rate, 4.97 per cent.): 4 )4 % , $100,000; 4)4% . $80,000; 5%, $3,226,771.47.
Personal loans (average rate, 5.15 per cent.): 4)4% , $245,000 ; 4)4% , $25,000; 5%, $779,040.53; 5)4% ,
$25,000; 5)4% , $83,850; 6%, $191,000; 6)4% , $25,000; 6)4% , $50,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cent.); 4%, $1,642,200; 4)4% , $350,300;
5%, $386,300; 5)4% , $800; 6%, $50,600; 7%, $4,500; 8%, $24,400.
Number of loans not over $3,000 each, 830, amounting to $1,163,404.80.
96 real estate loans made during year, amounting to $226,980.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 10,576, amounting to

$134,125 14
134,773 76
728,137 13

Number of withdrawals during year, 9,961, amounting to

$997,036 03
919,865 66

N et increase in amount due depositors

.

.

.

.

.

.

.

.

$77,170 37

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Par Value.
$19,750 Greenfield (F. D.) 4s
18.000 South Deerfield (W. D.), 4s

Par Value.
$150,000 Boston 4s
150,000 Chicago, 111., 4s
25.000 Chicago, 111., 4)4s
45.000 Dayton, 0., 5s
50.000 Pittsburgh, Pa., 4)4s
25.000 Seattle, Wash., 5s
30.000 Attleborough 4s
14,500 Marblehead 4s

Railroad Bonds.
$33,000 Boston & Albany 4s
25.000 Boston & Albany 5s
25.000 Boston & Lowell 6s notes
75.000 Boston & Maine 4s
100.000 Boston & Maine 4)4s
200.000 C., B. & Q. 4s
50.000 Chicago, Mil. & St. Paul 5s
25.000 Chic. & Northwestern 4s
25.000 C., R. I. & P. 4s
25.000 Conn & Pass. Rivers 4s
25.000 Connecticut River 6s notes
25.000 Danbury & Norwalk 5s
76.000 Fitchburg 4s
25.000 Fitchburg 4)4s
35.000 Fitchburg 5s
150.000 Illinois Central 4s
50.000 Kal., Alleg. & G. R. 5s
100.000 Mil., L. S. & West. 5s
50.000 N. Y. & N. E. Term. 4s

Public Funds, Notes.
$800 Cobain 5)4s
5.200 Deerfield 4)4s
1.200 Deerfield 5s
1,700 Leyden 4)4s
1,800 Leyden 5s
15.000 Northfield 4)4s
900 Rowe 4)4s
1,050 Rowe 5s
950 Sunderland 4s
2,500 Sunderland 4)4s
6,000 Sunderland 5s
750 Deerfield (F. D.), 5s

D ates

o f

E x a m in a t io n


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

a n d

A u d it ,

October 25-29 inclusive.

Par Value.
$225,000 N. Y., N. H. & H. 4s
50.000 New England 4s
25.000 Northern Pacific 4)£s
25.000 Old Colony 4s
25.000 Pennsylvania 4J/>s
25.000 Portland & Ogdens. 4)£s
25.000 Sullivan Co. 4s

Street Railway Bonds.
$100,000 Boston Elevated 4s
50.000 Boston Elevated 4)£s
50.000 Boston & Northern 4s

Bank Stocks.
Shs.
153 Nl. Bk. of Commerce, Boston
34 Webster & Atlas Nl. Bk., Boston
210 Fbst 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

[Pub. JDoc.

REPORT OF THE

132

GARDNER SAVINGS BANK, GARDNER.
29
Incorporated M ay 26, 1868.

H en ry

PARKER STREET.

Number of incorporators, 53; number of trustees, 18.
F.

H o w e,

Clerk of the Corporation,

Board o f Trustees: A . W . B a n c r o f t , C . L. B e n t , E . L. B r o o k s , D . R . C o l l i e 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 , C . F. R i c h a r d s o n , E . G. W a t k i n s , W . H. W h e e l e r ,
F. S. W h i t t e m o r e .
Board of Investment: J. D .

E .. LL.. B r o o k s ,
E d g ell, E

Auditing Committee:

R ic h a r d s o n , H .

C .

F.

F.

M. A .

H o w e,

C reed ,

A. W .

A . EE ..

H..
K n o w lto n , H

W.

G a l e .

B an cro ft.

Deposits draw interest from first day of January, April, July and October; dividends are payable
MonJanuary 1 and July 1. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m . ; also Mon­
days, 6 to 8 p . m . , for deposits only.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
924 loans on real estate (average o f each, $2,829.42)
Less amount due on uncompleted loans .
.
.

.
.

.
.

.

.
.

.
.

.
.

.
.
.
.

.
.

.
.
.

.
.

.

.

.

.

.
.

.

.
.

.

.

.

.
.
.
.
.
.
$2,160,482 89
.
.
8,101 34
----------------------207 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $74,000)
.
.
Real estate b y foreclosure, etc. (assessed value, $375)
.
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
.
C a s h ....................................................
.

Total Assets

.
.

.
.

.

.
.

$392,687 76
632,436 72
151,410 43
19,716 43
65,095 00
78,500 00
11,895 00

.
.

.

.

2,152,381 55
883,136 24
62,000 00
1,085 87
194 31
83,790 43
2,580 11

.

.

.

$4,536,909 85

.

.

.

$4,130,698 28

.

.
.

206,500 00
122,457 89

Liabilities.
Due depositors on 11,457 accounts, averaging $360.54 each
.
.
(Accounts opened during year, 1,481; closed, 1,201; increase, 280)
Surplus: —
a. Guaranty fund (5% o f deposits; increase during year, $2,500) .
b. Profit and loss (increase during year, $20,302.80) .
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$S1,703 42
b. Rent
.
.
.
.
.
.
.
422 18
----------------------Less current expenses not charged off
.
.
.
.

.

$82,125 60
4,901 80
77,223 80
3 32
26 56

Insurance premiums
Suspense account


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

.
.

Total Liabilities .

. $4,536,909 85

BAN K COMMISSIONER.

No. 8.

133

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
#8,290.34 #10,171.64 #2,000.00
#356.48
$2,896.70 $23,715.16
Cost per $1,000 of assets
1.83
2 .24
.44
.08
.64
5.23
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .9 6
Gross income received during the year, $210,079.77.

Rates on Investments and Loans (Average on All, 4.80%).
Real estate loans (average rate, 5 per cent.): 5%, $2,152,381.55.
Personal loans (average rate, 4.97 per cent.): 4J^%, $30,000; 4 % % , $35,000; 5%, $769,625.55; 6%,
$39,810.69.
Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): 3)^% , $196,000; 4% , $636,700;
4M % , $9,500; 4 % % , $186,000; 5%, $186,800; 6%, $82,600; 7%, $3,400; 8% , $19,600; 10%,
$15,600; 16%, $3,000.
Number of loans not over $3,000 each, 956, amounting to $1,143,824.08.
128 real estate loans made during year, amounting to $273,551.59.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 12,865, amounting to

$77,457 93
79,015 60
649,466 28

Num ber of withdrawals during year, 10,344, amounting to
N et increase in amount due depositors

,

.

.

.
.

.

.
.

$805,939 81
678,072 08

.
.

.

.

$127,867 73

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$20,000 California 4s
50.000 Massachusetts 3J^s
10.000 New York State 4}^s
50.000 Chelsea 4s
10.000 Cincinnati, 0., 4)^8
25.000 Dayton, 0., 5s
6.000 Gloucester 4s
20.000 Los Angeles, Cal., 4^8
10.000 Omaha, Neb., 4)^s
10.000 Portland, Ore., 4s
5.000 Portland, Ore., 5s
10.000 Portland, Ore., 6s
15.000 Seattle, Wash., 5s
26.000 Sioux City, la., 4}/£s
10.000 Spokane, Wash., 4His
10.000 Attleborough 4s
20.000 Gardner 3J^s
36.000 Gardner 4s
6.000 Peabody 4s
3.000 Foxborough (W. D.), 4s
5,500 Van Buren, Me. (W. D.}, 4s

Public Funds, Notes.
$2,000 Gardner 4s
9,500 Gardner 4Ms
7,200 Hubbardston 4s
D ates

of

Railroad Bonds.

Street Railway Bonds.

Par Value.
$20,000 Atch., Top. & Santa F6 4s
35.000 Baltimore & Ohio 3Ms 40.000 Bangor & Aroostook 5s
25.000 Boston & Albany 4s
35.000 Boston & Maine 4s
25.000 Boston & Maine 4Ms
25.000 B., R. Beach & Lynn 4J^s
5.000 C., B. & Q. 5s
15.000 Chicago, Mil. & St. Paul 4Ms
10.000 Chicago, Mil. & St. Paul 5s
5.000 Connecticut River 3Ms
11.000 Delaware & Hudson Co. 4s
30.000 Fitchburg 4s
50.000 Illinois Central 3Ms
3.000 Louisville & Nashville 6s
25.000 Maine Shore Line 6s
10.000 Mich. Cent. Air Line 4s
10.000 Mil., L. S. & W. 6s
10.000 Minn., St. P. & Sit. Ste. M. 5s
10.000 N. Y. C. & H. R. 4s
101,000 N. Y „ N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Northern Pacific 4Ms
10.000 Old Colony 4s
10.000 Portland & R. Falls 4s
20.000 Portland Terminal Co. 4s
5.000 San Fran. & San J. Valley 5s
10.000 Sioux City & Pacific 3Ms
15.000 Upper Coos 4s
20.000 Wash. & Col. River 4s

Par Value.
$15,000 Boston Elevated 4s
25.000 Boston Elevated 4Ms
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
3.000 Springfield & Eastern 5s
25.000 West End 5s

Bank Stocks.
Shs.
18 Millers River Nl. Bk., Athol
50 Eliot Nl. Bk., Boston
30 First Nl. Bk., Boston
20 Merchants 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
25 Merchants Nl. Bk., Worcester

E x a m in a t io n a n d A u d it , M ay 27-June 4 inclusive; Novem ber 29-D ecem ber 3 inclusive.


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

134

REPO RT OF THE

[Pub. Doc.

GEORGETOWN SAVINGS BANK, GEORGETOWN.
24
Incorporated M ay 26, 1868.

EAST MAIN STREET.
Number of corporators, 36; 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: W . E . A t k in s o n , 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 , E. A .
C h a p l in , S. A . D o n o g h u e , E . S. F ic 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 i l 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 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 . ; Saturdays,
9 a . m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
365 loans on real estate (.average of each, $1,087.65) .
Less amount due on uncompleted loans .
.
.

.
.
.
.

.
.
.
.

.
.
.

.
.
.
.

.
.
.

.
.
.
.

.
.
.
.

.
.

.
.
.
.

$73,150
157,977
37,880
14,135
7,400

00
35
00
00
00

396,993
51,108
1,200
25,101
634

17
48
00
12
51

$397,568 17
575 00

13 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $1,000)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

Total A s s e t s ....................................... $765,579 63

Liabilities.
Due depositors on 1,679 accounts, averaging $429.96 each
(Accounts opened during year, 114; closed, 134; decrease, 20)
Surplus: —
a. Guaranty fund (5.12% of deposits; increase during year, none)
b. Profit and loss (increase during year, $3,637.61)
Current incom e: —Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.


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

Total Liabilities .

.

$721,911 61

37,000 00
6,204 53
$532 29
68 80
-------------

.

.

.

463 49

$765,579 63

135

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
Amount paid for
$1,430.05 $1,589.80
$275.00
$27.00
$501.24
$3,823.09
C ost per $1,000 of assets
1.87
2 .0 8
.36
.03
.65
4 .99
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.76
Gross income received during the year, $38,514.13.

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5.15 per cent.): 5%, $334,734.35; 5}^% , $5,950; 6%, $55,158.82; 6 H % .
$ 1 0 0 ; 7%, $1,050. 4
Personal loans (average rate, 5.14 per cen t.): 4%%,, $15,000; 5%, $25,108.48; 6 %, $11,000.
Bonds, stocks, etc. (average rate on amounts invested, 4 29 per cent.): 3%, $15,000; 3.30%, $5,000;
3H % . $25,000; 4%, $145,500; 4)^% , $84,650; 5%, $24,500; 6 %, $2,000.
Number of loans not over $3,000 each, 359, amounting to $340,701.65.
41 real estate loans made during year, amounting to $52,915.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April,
1915, 2 % ......................................... $14,012 20
October, 1915, 2 % ...........................................
13,960 51
Number of deposits during year, 766, amounting t
o
.......................................... ..........
68,035 06

Number of withdrawals during year, 1,052, amounting t o .......................................... ..........
N et decrease in amount due depositors

.

.

.

.

.

.

.

.

$96,007 77
97,319 33
$1,311 56

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Railroad Bonds.

Par Value.
$6,000 Essex County 4s
5.000 Boston 4s
1.000 Chicopee 4s
3.000 Everett 4s
10.000 Los Angeles, Cal., 4J^s
1.000 Marlborough 4s
5.000 New Bedford 4s
5.000 Omaha, Neb., 4 J/2S
10.000 San Francisco, Cal., 5s
4.000 Waterville, Me., 4s
4.000 Georgetown 4s
5.000 Longmeadow 4s
2,500 W. & S. Acton (W. S. D.), 4s

Par Value.
$10,000 Baltimore & Ohio 3A$
10.000 Bennington & Rutland 4J^s
5.000 Boston & Albany ‘AA s
8.000 Boston & Albany 4s
2.000 Boston & Lowell 4s
5.000 Boston & Maine 4s
10.000 Chicago, Mil. & St. Paul 4As
4.000 Concord & Montreal 4s
10.000 Delaware & Hudson 4s
5.000 Dexter & Newport 4s
5.000 Fitchburg 4s
15.000 Illinois Central 3s
10.000 Illinois Central 3}^s
14.000 Illinois Central 4s
10.000 N. Y. C. & H. R. 4s
5.000 New York & N. Eng.Term. 4s
2.000 N. Y „ N. H. & H. 4s
5.000 Old Colony 4s

Public Funds, Notes.
$6,650 Hull VA b
5.000 Randolph 3.30%

D a t e of E x a m in a t io n , M ay 7.


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

Par Value.
$10,000 Pennsylvania 4J^s
15,000 Portland Terminal Co. 4s
3.000 Upper Coos 4s
4.000 Upper Coos 4J^s

Street Railway Bonds.
$25,000 Boston Elevated 4As
1.000 Dighton, Som. & Swansea 5s
1.000 Hoosac Valley 5s
1.000 Lynn & Boston 5s
1.000 Providence & Taunton 5s
5.000 Springfield & Eastern 5s
4.000 Worcester & Southbridge iA a

Bank Stocks.
Shs.
55 Georgetown Nl. Bk.
20 First Nl. Bk., Ipswich

136

REPORT OF THE

[Pub. Doc.

GRAFTON SAVINGS BANK, GRAFTON.
Incorporated March 13, 1869.

Num ber of corporators, 49; number of trustees, 21.

H a r r in g t o n L. N ic h o l s , President.
J o seph A. D o d g e , Treasurer.
F r a n c is P r e s c o t t , Clerk of the Corporation.
$

Board of Trustees: F . A . A n d e r s o n , F . H . C l a p p , S. L. D a v e n p o r t , J. F . D o n a h u e , C . H . E l l io t , F .
L. F arnttm , P e r l e y G o d d a r d , M a r t in H i c k e y , E . A . H o w e , E . E . H o w e , F . M . M c G a r r y ,
E dm u n d M o r t im e r , H . L. N ic h o l s , F r a n c is P r e s c o t t , H ir a m R e y n o l d s , L. M . R ic e , C . L.
S e a b u r y , J. E . S h e r id a n , E . P . U s h e r , F . H . W a r r e n , O . M . W in g .

Board of Investment: H . L. N ic h o l s , O. M . W i n g , C . L. S e a b u r y , P e r l e y G o d d a r d , S. L. D a v e n p o r t .

Auditing Committee: O. M . W i n g , E . E. H o w e , M a r t in H i c k e y .

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 30, 1915.
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, $1,746.39) .
14 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
.
.
.
.
.
.

.
.
.

.
.
.

.

.
.
.

.
.
.
.
.

.

.
.
.

.
.

.
.

.
.
.

.

.

.

.
.

.

833,070
87,400
50,757
7,826
500
344,040
6,165
4,663
899
1,149

.
.
.

.
.

.

.
.
.

.
.
.

.

00
00
50
25
00
00
00
65
65
54

$536,471 59

Total Assets
A

Liabilities.
Due depositors on 1,064 accounts, averaging 8457.59 each
(Accounts opened during year, 113; closed, 86; increase, 27)
Surplus: —
a. Guaranty fund (5.07% of deposits; increase during year,
h. Profit and loss (increase during year, $2,587.52)
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

Total Liabilities

.

.

.

$1,000)
.
.
.

.

.

.

.
.

.

.
.

24,700 00
16,467 24

89,301 55
874 77
-----------------------

8,426 78

.

.
.

8486,877 57

.

.

$536,471 59

137

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.- Total.
Amount paid for
| {$603.37 $1,200.00
$167.25
$19.83
$800.48
$2,790.93
Cost per $1,000 of assets
1.12
2 .2 3
.31
.04
1.49
5 .1 9
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
•
3 .7 6

Gross income received during the year, $25,081.42.

Rates on Investments and Loans (Average on All, 4.89%).
Real estate loans (average rate, 5.12 per cent.): 4}^% , $14,175; 5%, $270,155; 5J^%, $21,750; 6 %,
$37,960.
Personal loans (average rate, 5.75 per cen t.): 5J^%, $3,000; 6 % , $3,165.
Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 4% , $125,070; 4J^%, %
$27,000;
5%, $33,000; 8 % , $600.

Number of loans not over $3,000 each, 191, amounting to $212,480.
19 real estate loans made during year, amounting to $33,300.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 671, amounting to
.

Number of withdrawals during year, 798, amounting to

.

$9,159 07
9,326 70
51,001 28

.

$69,487 05
54,461 53

.

$15,025 52

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$8,000 Boston 4s
5,000 San Francisco, Cal., 5s
3,510 Grafton 4s

Par Value.
$5,000 Bangor & Aroostook 5s
5.000 Boston & Albany 5s
12.000 Boston & Maine 4s
5.000 C., B. & Q. 4s
5.000 N. Y. C. & H. R. 4s
26.000 N. Y., N. H. & H. 4s
15.000 No. Maine Seaport 5s
15.000 Portland & R. Falls 4s

Public Funds, Notes.
$16,560 Grafton 4s
D a t e of E x a m in a t io n , April 16.


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

Street Railway Bonds.
Par Value.
$15,000 Boston Elevated 4s
15.000 Boston Elevated 4J^s
5.000 Boston & Northern 4s
3.000 Brockton 5s
5.000 West End 4s
12.000 Worcester Con. 4J^s

Bank Stocks.
Shs.
6 Spencer Nl. Bk.

138

REPO RT OF THE

[Pub. Doc.

GRANITE SAVINGS BANK, ROCKPORT.
9
Incorporated March 21, 1884.

MAIN STREET.
Number of corporators, 37; number of trustees, 13.

R o b e r t H e r n e , Clerk of the Corporation.

Board of Trustees: J a m e s A b b o t t , A . C . B u t m a n , G r a f t o n B u t m a n , A . H . F r e n c h , L . B . G r im e s ,
R o b e r t H e r n e , G . A . L o w e , F r a n c is N o b l e , B . N . T a r r , F . W . T a r r , H . H . T h u r s t o n , L .
W . T h u r s t o n , H . C. T u f t s .

Board of Investment: J a m e s A b b o t t , G. A . L o w e , B. N. T a r r , H. H. T h u r s t o n , H. C. T u f t s .
Auditing Committee: A . H. F r e n c h , B. N . T a r r , F . W . T a r r .
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 30, 1915.
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
.
.
.
.
.
304
loans on real estate (average of each, $1,020.65) .
.
.
.
.
34 loans on personal security
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $8,000; assessed value, $8,000)
Real estate b y foreclosure, etc. (assessed value, $9,700)
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.

.
.
.

.
.
.
.

.
.
.
.
.
.

$60,745
33,705
6,880
7,040
13,935
3,000
310,279
19,615
8,000
9,904
370
12,708
1,701

00
00
00
00
00
00
00
00
00
08
67
99
54

Total A s s e t s .......................................$487,884 28

Liabilities.
Due depositors on 1,572 accounts, averaging $289.44 each
.
.
.
.
.
(Accounts opened during year, 136; closed, lJfl; decrease, 6)
Surplus: —
а. Guaranty fund (6.01% of deposits; increase during year, $1,676)
.
.
.
б. Profit and loss (increase during year, $697.23)
.
.
.
.
.
.
Current incom e: —
I n t e r e s t ...............................................................................................
$833 49
Less current expenses not charged off
.
.
.
.
.
360 81
----------------------Balance due on foreclosure sale
.
.
.
.
.
.
.
.
.
.


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

Total Liabilities .

.

.

.

.

$454,998 07

22,779 00
9,060 43

472 6 8
5 7 4 10

$487,884 28

139

BAN K COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$460.48 $2,106.66
$150.00
Cost per $1,000 of assets
.95
4 .3 2
.31
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$158.64
$861.30
$3,737.08
.33
1.77
7.68
..........................................
6.42

Gross income received during the year, $24,118.24.

Rates on Investments and Loans (Average on All, 5.42%).
Real estate loans (average rate, 5.97 per cen t.): 5%, $3,950; 5J^%, $4,500; 6%, $301,829.
Personal loans (average rate, 5.40 per cent.): 5%, $11,000; 5Yi%, $1,500; 6%, $7,115.
Bonds, stocks, etc. (average rate on amounts invested, 4.05 per cent.): 2%, $6,000; 3%, $2,000 ; 3J^%,
$15,000; 3M % . SI,000; 4%, $85,200; 4>£%, $9,000; 5%, $6,000; 6%, .$1,200; 10%, $1,500.
Number of loans not over $3,000 each, 327, amounting to $282,044.
41 real estate loans made during year, amounting to $35,205.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 1,374, amounting to

$8,520 91
8,763 40
68,067 08

Number of withdrawals during year, 1,317, amounting to

$85,351 39
73,750 50
$11,600 89

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$2,000 Massachusetts 3J^s
4.000 Essex Co. 4s
3.000 Boston 33dis
1.000 Boston 4s
6.000 Chelsea 4s
2.000 Chicago, 111., 4s
1.000 Everett 4s
2.000 Fall River 4s
2.000 Lowell 3J^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., i'As
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

Par Value.
$2,000 Danvers 4s
2.000 Douglas 4s
1.000 Marblehead 4s
1.000 North Andover 4s
2.000 Orange 4s
2.000 Rockport 3J^s
2.000 Rockport 4s
3.000 Stoneham 4s
2,00C Swampscott 3V^s

Public Funds, Notes.

Street Railway Bonds.
$2,000 Boston Elevated 4s
2.000 Boston Elevated 4V£s
1.000 West End 4s
2.000 West End 4)^s

$1,000 Plymouth 3%s

Railroad Bonds.
$2,000 Bangor & Aroostook 5s
5.000 Boston & Maine 4s
3.000 Boston & Maine 4p£s
4.000 Chic., Mil. & St. Paul 4s
7.000 Fitchburg 4s
2.000 Illinois Central 3s

D a t e s of E x a m in a t io n a n d A u d it , September 1 -7 inclusive.


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

Par Value.
$4,000 N. Y., N. H. & H. 3H b
4.000 N. Y.. N. H. & H. 4s
2.000 Northern Maine Seaport 5s
2.000 Old Colony 4s

Bank Stocks.
Shs.
15 Beverly Trust Co.
12 Cape Ann Nl. Bk., Gloucester
1 Gloucester Nl Bk.
15 Gloucester S. D. & T. Co.
60 Manchester Trust Co.
12 Rockport Nl. Bk.

REPO RT OF THE

140

[Pub. Doc.

GREAT BARRINGTON SAVINGS BANK, GREAT BARRINGTON.
320 MAIN STREET.
Incorporated February 3, 1869.

Number of corporators, 36; number of trustees, 16.

W il l ia m W . N o r t o n , President.
C l a r e n c e R . Sa b i n , Treasurer.
W a l t e r B . Sa n f o r d , Clerk of the Corporation.

Board of Trustees: J. C. B e n t o n , O. C . B i d w e l l , J. H . C . C h u r c h , A . C . C o l l in s , A . S. F a s s e t t ,
C . M. G i b b s , C h a r l e s G id d in g s , F . E . G id d in g s , R . O . H a r p e r , W . C . H in m a n , W . W . N o r t o n ,
T . E . R a m s d e l l , C . R . Sa b i n , W . B . S a n f o r d , F . H . T u r n e r , F . H . W r ig h t .

Board o f Investment: W . W . N o r t o n , O. C. B i d w e l l , A . S. F a s s e t t , F. H . T u r n e r , F. E . G id d in g s .

Auditing Committee: W . B . S a n f o r d , J. C. B e n t o n , C. M . G i b b s .

Deposits draw interest from first day of January, April, July and October; dividends are payable the
first day of January and July. Business hours; 9 a .m . to 12 m .; 1 to 3 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
.
.
.
.
455 loans on real estate (average of each, $3,664-95) .
.
.
.
.
.
49 loans on personal security
.
.
.
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $35,750) .
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

$44,000
451,575
88,782
20,000
31,442
142,067
1,212,551
83,977
40,439
55,453
1,504

.

00
00
50
00
50
14
00
70
56
42
39

Total A s s e t s .......................................$2,171,793 21

Liabilities.
Due depositors on 5,433 accounts, averaging $370.54 each
(Accounts opened during year, 634; closed, 550; increase, 74)
Surplus: —
a. Guaranty fund {4-13% o f deposits; increase during year, $6,000)
b. Profit and loss (increase during year, $3,488.54)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off


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

.

$2,013,135 22

83,000 00
40,659 91
$37,051 51
2,053 43
34,998 08

Total Liabilities .

. $2,171,793 21

141

BAN K COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Am ount paid for
$3,094.68 $4,120.50 $1,000.00
Cost per $1,000 of assets
1.42
1.90
.46
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$36.65
$632.09
$8,883.92
.02
.29
4 .0 9
2.21

Gross income received during the year, $95,024.44.

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 5 per cent.): 4)^% , $52,500; 5%, $1,131,826; 6%, $28,225.
Personal loans (average rate, 5.19 per cent.): 5%, $57,750; 5J^%, $20,540 ; 6%, $5,687.70.
Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 3)^% , $105,000; 4% , $446,000;
m V o , $20,000; 5%, $79,800; 6%, $39,100; 7%, $21,400; 8%, $27,400; 10%, $2,600; 12%, $3,900.

Number of loans not over $3,000 each, 410, amounting to $527,753.70.
97 real estate loans made during year, amounting to $199,000.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 4,455, amounting to
.

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

Number of withdrawals during year, 4,003, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

$37,545 68
37,707 78
335,998 98

.

$411,252 44
355,042 25

.

$56,210 19

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$15,000 Boston 4s
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 4J^s
30.000 C., B. & Q. 3)^s
60.000 C., B. &'Q. 4s
9,000 Connecticut River 4s
40.000 Fitchburg 4s
30.000 N. Y., N. H. & H. 3^s
45.000 N. Y N. H. & H. 4s
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
60 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
16 Dedham Nl. Bk.
12 Franklin Nl. Bk.
39 Nl. Mahaiwe Bk., Gt. Barrington
8 Franklin Co. Tr. Co., Greenfield
38 First Nl. Bk., Haverhill
30 City Nl. Bk., Holyoke
26 Holyoke Nl. Bk.

D a t e s op E x a m in a t io n , M ay 20, 21.


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

Shs.
25 Park Nl. Bk., Holyoke
24 Lee Nl. Bk.
25 Leominster Nl. Bk.
80 Manufacturers Nl. Bk., Lynn
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.
19 Warren Nl. Bk., Peabody
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

REPORT OF THE

142

[Pub. Doc.

GREENFIELD SAVINGS BANK, GREENFIELD.
358 MAIN STREET.
Incorporated March 19, 1869.

E ugene

B . B lak e,

Number of corporators, 32; number of trustees, 12.

President.

W il l ia m

Sam u el

Board of Trustees: W . F. A
F i e l d , L. F. G b a v e s ,

D .

, W.
W. H

C o n an t,

ik e n

S. A llen ,

R .

u n t e r

, C .

F . A ik e n ,

Treasurer.

Clerk of the Corporation.
E . B.
H .

B la k e , S.

K e it h , G .

D.
C .

C on an t,
L u n t,

J.

J. E .
H .

D on ovan ,

Sa n d e r so n ,

C. L.
F. L.

W h it m o r e .

Board o f Investment: E .

B . B la k e ,

Auditing Committee: E . B.

B la k e ,

C.

H . K e it h ,

C. L.

F ie l d ,

J. E .

D o n o van ,

R. W .

G. C .

L u n t,

W . S.

A llen .

H u n ter.

Deposits draw interest from first day o f 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 30, 1915.
Assets.
Public funds, bonds and notes
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
Securities acquired in settlement of indebtedness
402 loans on real estate (average of each, $1,529.66)
Less amount due on uncompleted loans .

$85,950
683,302
97,500
54,000
10,254

00
50
00
00
00

614,923
353,591
73,680
526

85
28
27
15

$617,123 85
2,200 00

65 loans on personal security
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

Total A s s e t s .......................................$1,973,728 05

Liabilities.
Due depositors on 4,456 accounts, averaging $408.22 each
.
.
.
.
.
( Accounts opened during year, 181; closed, 380; decrease, 199)
Surplus: —
a. Guaranty fund (5.77% of deposits; increase during year, none)
.
.
.
b. Profit and loss {increase during year, 811,424.80) .
.
.
.
.
.
Current incom e: —
I n t e r e s t ...............................................................................................$25,515 72
Less current expenses not charged off
.
.
.
.
2,883 65
-----------------------


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

Total Liabilities .

$1,819,043 18

104,888 96
27,163 84

22,632 07

. $1,973,728 05

143

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses. Total.
$253.43
$1,282.21
$14,178.04
.13
.65
7.19
3.59

State Tax (Net). Salaries.
Rent.
Amount paid for
$6,297.90 $5,539.50
$805.00
C ost per $1,000 of assets
3 .19
2.81
.41
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $93,937.43.

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5.10 per cent.): 5%, $552,023.85; 6%, $62,900.
Personal loans (average rate, 5.24 per cent.): 5%, $262,648.78; 5J^%, $12,997.50; 6%, $77,945.
Bonds, stocks, etc. (average rate on amounts invested, 4.50 per cent.): 3%, $50,000; 3J^%, $261,000;
4%, $349,750; 4M % . $38,000; 4M % . $48,200; 5%, $207,000; 6%, $53,000.
Number of loans not over $3,000 each, 416, amounting to $460,434.35.
29 real estate loans made during year, amounting to $56,575.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 1,043, amounting to

.
.
.
.
.
..........................................
. ‘ .
.
.
•

Number of withdrawals during year, 2,140, amounting to

.

N et decrease in amount due depositors

.

.

.

.

.
.

.

.

.

.

$36,740 64
36,183 80
132,752 40

.

$205,676 84
254,661 51

.

$48,984 67

SCHEDULE OF SECURITIES OWNED.
Public Funds, Notes.
Par Value.
$38,000 Franklin Co. W/is
5.000 Franklin Co. 4)^s
5.000 Colrain (F. D.), 4s
19,750 Greenfield (F. D.), 4s
18,200 Northfield i}4s

Railroad Bonds.
Par Value.
$50,000 Boston & Maine 3s
25.000 Boston & Maine 4s
25.000 Boston & Maine 4J^s
125,000 G, B. & Q. 3y2s
50.000 C., B. & Q. 4s
47.000 Chicago & Northwest. 5s
53.000 Chicago & Northwest. 6s
7,000 Fitchburg 4s

Par Value.
$76,000 Illinois Central 3J^s
100.000 Milwaukee, L. S. & W. 5s
133.000 N. Y., N. H. & H. 4s
50.000 Sioux City & Pacific 3J^s
10.000 Washington Co. 3}4s

Street Railway Bonds.
$50,000 Lynn & Boston 5s
50.000 Springfield 4s

D a t e s of E x a m in a t io n a n d A u d it , September 27-O ctober 1 inclusive.


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

144

REPO RT OF THE

[Pub. Doc.

GROVE HALL SAVINGS BANK, BOSTON.
648 WARREN STREET (ROXBTJRY DISTRICT).
Incorporated January 30, 1914.

A lbert

Number of corporators, 35; number of trustees, 21.

A . G i n z b e r g , President.
J o s e p h L . D o w n e y , Treasurer.
G uy A . H am , Clerk o f the Corporation.

Board of Trustees: P. S. A r o n s o n , T o b ia s B e r m a n , E . J. B r o d y , R e u b e n B r o o m f ie l d , W . L . C o l ­
l i n s , J. L . D o w n e y , A . A . G i n z b e r g , J. H . G o o d m a n , A . M . G r e e n b l a t t , O s c a r G r o s b e r g ,
G. A . H a m , D . M . K a s a n o f , C o l m a n L e v i n , M . L . L o u r i e , H y m a n P h il l ip s , N a t h a n P i n a n s k i ,
L o u i s R o s e n b e r g , A . R . R o s e n t h a l , J o s e p h R u d n i c k , I. W . S h a p i r a , H a r r is U l i n .

Board o f Investment: J o s e p h R u d n i c k , P . S. A r o n s o n , I. W . S h a p i r a , A . A . G i n z b e r g . A . R . R o s e n ­
t h a l , *J. H . G o o d m a n , N a t h a n P i n a n s k i .
Auditing Committee: E . J. B r o d y , A . M . G r e e n b l a t t , M . L. L o u r i e .

Deposits draw interest from second W ednesday of February, M ay, August and N ovem ber; dividends
are payable the second W ednesday of M ay and Novem ber. 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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
20 loans on real estate (average o f each, $5,328.75) .
7 loans on personal security
.
.
.
.
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.

.
.
.
.

.
.

.
.
.

.
.

.
.
.

.
.
.
.

.
.
.

.

.
.
.

.
.

.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

$4,000 00
2,895 00
4,925 00
106,575 00
30,000 00
73 08
5,932 93
2,270 69

Total A s s e t s .......................................$156,671 70

Liabilities.
Due depositors on 1,936 accounts, averaging $80.08 each .
{Accounts opened during year, 1,510; closed, 412; increase, 1,098)
Surplus: —
Guaranty fund {.16% of deposits; increase during year, $250)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off


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

Total Liabilities .

$155,026 34

250 00
$2,395 32
999 96
----------------

1,395 36

$156,671 70

No. 8.]

BANK COMMISSIONER.

145

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Am ount paid for
$134.06
$999.96
Cost per $1,000 of assets
.86
6 .38
Cost per $1,000 of assets not including State tax and rent

Advertising. Other Expenses.

Total.
$1,134.02
7.24
6.38

Gross income received during the year, $4,854.80.

Rates on Investments and Loans (Average on All, 5.22%).
Real estate loans (average rate, 5.07 per cen t.): 5%, $93,275; 5J^%, $10,800; 6%, $2,500.
Personal loans (average rate, 6 per cen t.): 6%, $30,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.62 per cen t.): 4)^% , $10,000; 5%, $2,000.
Number of loans not over $3,000 each, 5, amounting to $8,500.
12 real estate loans made during year, amounting to $52,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2 %
Number of deposits during year, 9,316, amounting to
.

.

Number of withdrawals during year, 2,366, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.

.

.

.

.
.

$892 59
1,532 18
145,083 60
$147,508 37
64,784 12
$82,724 25

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$2,000 Los Angeles, Cal., 4)^s
2,000 San Francisco, Cal., 5s

Railroad Bonds.
$3,000 Chic., Mil. & St. Paul 4)^s

D a t e o f E x a m in a t io n , January 13.


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

Street Railway Bonds.
Par Value.
$5,000 West End 4J^s

D a t e s of A u d it , August 2 - 4 inclusive.

146

REPO RT OF THE

[Pub. Doc.

HAMPDEN SAVINGS BANK, SPRINGFIELD.
294 MAIN STREET.
Incorporated April 13, 1852.

D

w ig h t

0 . G il m o b e ,

Number of corporators, 43; number of trustees, 14.

President.
J o h n B . P h e l p s , Treasurer.
L ou is C. H y d e , Clerk of the Corporation.

Board of Trustees: H . J. B e e b e , H . R. B e m i s , F. E . C a b p e n t e b , G. R . E s t a b r o o k , W . E . G i l b e r t ,
D . O . G i l m o r e , H . S. H y d e , L. C . H y d e , C . H . M u l l i g a n , P e t e r M u r r a y , T . H . N y e , M . S.
S o u t h w o r t h , F. H . S t e b b i n s , E . T . T i f f t .

Board of Investment: D . O. G i l m o r e , F. H. S t e b b i n s , F. E. C a r p e n t e r , W . E . G i l b e r t .

Auditing Committee: H . S . H y d e , M . S. S o u t h w o r t h , E . T . T i f f t .

Deposits draw interest from the fifteenth day of February, M ay, August and Novem ber; dividends
are payable February 18 and August 18. Business hours: 9 a . m . to 4 p .m .; Saturdays, 9 a .m . to
12 M.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Stocks of banks and trust companies
.
.
.
371 loans on real estate (average of each, $9,405.99) .
55 loans on personal security
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.

.

.
.

.
.

.
.
.
.
.
.
.

.
.
.

.
.

Total Assets

$50,000
1,361,342
174,000
92,023
28,850
3,489,625
352,097
145,424
2,474

.
.
.
.
.
.
.
.

.
.

00
00
00
75
00
00
69
64
67

. $5,695,837 75

Liabilities.
Due depositors on 9,789 accounts, averaging $542.73 each
(Accounts opened during year, 1,528; closed, 1,323; increase, 205)
Surplus: —
a. Guaranty fund (5.03% of deposits; increase during year, $5,950)
b. Profit and loss (increase during year, $27,564.44)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

$5,312,807 40

267,400 00
102,006 24
$17,096 33
3,472 22
13,624 11

Total Liabilities .

. $5,695,837 75

No. 8.]

BAN K COMMISSIONER.

147

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Am ount paid for
$8,949.21
$9,603.72 $5,600.00
Cost per $1,000 of assets
1.57
1.68
.98
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$38.25
$2,423.10 $26,614.32
.01
.42
4 .6 6
2.11

Gross income received during the year, $259,419.33.

Rates on Investments and Loans (Average on All, 4.67%).
Real estate loans (average rate, 4.97 per cent.): 4J^%, $203,650; 5%, $3,285,975.
Personal loans (average rate, 5.25 per cent.): 5%, $218,450; 5J^%, $86,797.69; 6%, $46,850.
Bonds, stocks, etc. (average rate on amounts invested, 3.94 per cent.): 3J^%, $625,000; 4%, $975,000;
4 ^ % . $50,000; 5%, $50,000; 6%, $21,300; 8%, $5,000.

Number of loans not over $3,000 each, 216, amounting to $349,107.69.
27 real estate loans made during year, amounting to $276,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1915, 2%
Aug., 1915, 2%
Number of deposits during year, 9,874, amounting to

$100,422 51
102,058 60
943,953 71

Number of withdrawals during year, 8,400, amounting to

$1,146,434 82
998,809 02
$147,625 80

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Boston 3Hs

Railroad Bonds.
$50,000 Boston & Albany 4s
50,000,Boston & Lowell 4J^s
50,000 Boston & Maine 3J^s
50,00013. & N. Y. Air Line 4s
D

ates

op

Par Value.
$100,000 C., B. & Q. 3^s
100.000 C., B. & Q. 4s
200.000 Conn. River 4s
50.000 Fitchburg 3J^s
50.000 Fitchburg 4s
225.000 Illinois Central 3J^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. 3^s
200.000 N. Y „ N. H. & H. 4s
50.000 Old Colony 4s

E x a m i n a t i o n , A p ril


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

13, 14.

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

[Pub. Doc.

REPO RT OF THE

148

HAVERHILL SAVINGS BANK, HAVERHILL.
153 MERRIMACK STREET.
Incorporated February 8, 1828.
W

il l ia m

W . S p a u l d in g ,

Number of corporators, 60; number of trustees, 18.

President.

R aym ond N

A l f r e d E . C o l l in s ,

oyes,

Treasurer.

Clerk of the Corporation.

Board o f Trustees: I . A . A b b o t t , W . E . B i x b y , R . S. C h a s e , J. A. C o l b y , C. E . D o l e , W . H. F l o y d ,
E . G. F r o t h i n g h a m , H . B . G o o d r ic h , H. M . G o o d w i n , J. L. H o b s o n , F. E. H u t c h i n s o n , G. W .
L e n n o x , H. E . L e w i s , J. A . L y n c h , F. D . M c G r e g o r , I s a a c P o o r , C. D . P o r t e r , W . W .
Sp a u l d in g .

Board of Investment: W . W . S p a u l d i n g , F . D . M c G r e g o r , H . E . L e w i s .
Auditing Committee: C . E . D o l e , W . H . F l o y d , J. A . C o l b y .
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 .; Sat­
urdays, 9 a .m . to 12.30. P.M.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
935 loans on real estate {average of each, $4,624.41) .
Less amount due on uncompleted loans .
.
.

.
.

.
.
.

.
.
.
.

.
.
.

.
.
.
.

.
.

.
.

.
.

.
.
.
.
.

.
.

.
.
.
.
$4,347,825 00
24,000 00

68 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $75,000; assessed value, $84,600)
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

Total Assets

$702,250
822,941
236,879
121,831
153,100

00
25
00
25
00

4,323,825
1,477,650
25,000
241,018
7,691

00
00
00
92
55

. $8,112,186 97

Liabilities.
Due depositors on 16,399 accounts, averaging $448.99 e a c h ..........................................
{Accounts opened during year, 1,355; closed, 1,254; increase, 101)
Surplus: —
a. Guaranty fund (4-95% of deposits; increase during year, $11,600)
b. Profit and loss (increase during year, $9,705.10)
.
.
.
.
.
.
Current incom e: —
а. Interest .
.
.
.
.
.
.
$7,244 89
б. Rent
.
.
.
.
.
.
.
29 17
----------------------$7,274 06
Less current expenses not charged off
.
.
.
.
20 00

364,400 00
377,113 84

7,254 06
210 64
144 81

Due on foreclosure sale
Suspense account


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

$7,363,063 62

Total Liabilities .

. $8,112,186 97

BANK COMMISSIONER.

No. 8.]

149

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$12,569.56 $12,649.59 $2,500.00
Cost per $1,000 of assets
1.55
1.56
.31
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$85.50
$1,687.33
$29,491.98
.01
.21
3.64
1.78

Gross income received during the year, $379,888.02.

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 4.94 per cent.): 4 X
A % , $45,000; 4M%> $1,005,000; 5%, $3,253,350;
5 H % , $2,350; 6%, $18,125.
Personal loans (average rate, 4.72 per cen t.): 4}£% , $200,000; 4% % , $100,000; 4)^% , $671,500; 4 % % ,
$165,650; 5%, $103,500; 5)4% , $25,000; 5}4% , $82,000; 5% % . $25,000; 6%, $105,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.60 per cent.): 3)4% , $343,000; 4%, $747,000;
4)4% , $57,000; 4)4% , $533,000; 5%, $230,000; 5)4% , $32,000; 8%, $153,100.
Number of loans not over $3,000 each, 611, amounting to $1,002,275.
136 real estate loans made during year, amounting to $567,450.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2 )4%
Oct., 1915, 2M %
Number of deposits during year, 14,325, amounting to

$154,780 40
156,888 48
932,861 98

•

$1,244,530 86
1,010,527 69

Number of withdrawals during year, 13,470, amounting to
Net increase in amount due depositors

$234,003 17

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$190,000 Boston 4s
57.000 Boston 4)4s
15.000 Brockton 4s
25.000 Fall River 4s
100,000 Los Angeles, Cal., 4)4s
32.000 Oakland, Cal., 5p2S
25.000 Omaha, Neb., 4)4s
25.000 Portland, Ore., 4s
50.000 Portland, Ore., 4)4s
95.000 San Francisco, Cal., 5s
45.000 Seattle, Wash., 4)4s
25.000 Worcester 4s
20.000 Amherst 4s

D ates

op

Railroad Bonds.
Par Value.
$87,000 Atch., Top. & Santa F6 4s
100.000 Boston & Albany 3)4s
25.000 Boston & Maine 3)4s
133.000 Boston & Maine 4)4s
70.000 Chic., Mil. & St. Paul 4J4s
50.000 Conn. River 3)4s
15.000 Dexter & Piscataquis 4s
50.000 Fitchburg 5s.
30.000 Illinois Central 4s
50.000 Louisville & Nashville 5s
25.000 N. Y. & N. E. Term. 4s
120.000 N. Y., N. H. & H. 3)4s
50.000 N. Y., N. H. & H. 4s
33.000 Old Colony 3)4s
25.000 Old Colony 4s
15.000 Washington Co. 3)4s

E x a m i n a t i o n , January 7 , 8.


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

Street Railway Bonds.
Par Value.
$25,000 Boston Elevated 4)4s
35.000 Boston Elevated 5s
50.000 Old Colony 4s
50.000 West End 4s
85.000 West End 4)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

150

REPO RT OF THE

[Pub. Doc.

HAYDENVILLE SAVINGS BANK, HAYDENVILLE.
SOUTH MAIN STREET.
Incorporated M arch 17, 1869.

B y r o n L o o m is ,

Number of corporators, 41; number of trustees, 24.

President.

W
A lfred G . C o n e ,

il b u r

M . P u r r i n g t o n , Treasurer.

Clerk of the Corporation.

Board of Trustees: H o r a t io B i s b e e , T . I. B r e c k e n r id g e , F. H . B r y a n t , R . F. B u r k e , C . F. B u r r ,
L . W . C l a p p , C . E . C l a r k , F. W . C l a r k , A. G . C o n e , C . S. D a m o n , S. A . E w i n g , H . W . G r a v e s ,
J. W . H i l l , H . P. H o w e s , T . P. L a r k i n , B y r o n L o o m is , C . N. L o u d , G e o r g e M a r k s , J. W .
M a s o n , E . F. M i l l e r , L a w r e n c e M o l l o y , H . A . S m i t h , S. W . T i l t o n , C . H . W a i t e .
Board o f Investment: B y r o n L o o m is , T . P. L a r k i n , T . I. B r e c k e n r id g e , C. E. C l a r k , C . S. D a m o n .
Auditing Committee: J. W . H i l l , L. W . C l a p p , H. A . S m i t h .
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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
American T el..& Tel. Co. bonds
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
394 loans on real estate {average o f each, $1,223.81) .
.
.
.
.
.
180 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $6,000; assessed value, $5,000)
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

.
.
.

.
.
.
.
.

.

.
.
.
.

$65,701
93,605
5,000
8,737
13,000
482,181
42,974
4,000
25
18,065
1,493

61
00
00
50
00
98
50
00
00
17
71

Total A s s e t s .......................................$734,784 47

Liabilities.
Due depositors on 1,930 accounts, averaging $357.57 each
.
.
{Accounts opened during year, 295; closed, 294-', increase, 1)
Surplus: —
a. Guaranty fund (5.OS% of deposits; increase during year, $750)
b. Profit and loss {increase during year, $2,058.14)
.
.
.
Current income: —
а. Interest .
.
.
.
.
.
.
$3,605 31
б. Rent
.
.
.
.
.
.
.
39 68
----------------------Less current expenses not charged off
.
.
.
.


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

.

.

.

.

$690,114 49

.

.

34,750 00
7,088 82

$3,644 99
813 83
2,831 16

Total L iab ilities....................................... $734,784 47

BANK COMMISSIONER.

No. 8.]

151

Total Expenses for the Year, including State Taxes.
Rent. Advertising. Other Expenses.
State Tax (Net). Salaries.
$840.48
Amount paid for
$721.97 $1,800.00
$240.00
$364.00
1.14
Cost per $1,000 of assets
.98
2 .4 5
.32
.49
Cost per $1,000 of assets not including State tax and rent .

Total.
$3,966.45
5.38
4 .0 8

Gross income received during the year, $35,193.81.

Kates on Investments and Loans (Average on All, 4.88%).
Real estate loans (average rate, 5.06 per cent.): 5%, $451,076.62; 5J^%, $3,675.11; 6%, $27,430.25.
Personal loans (average rate, 5.79 per cent.): 5%, $8,818.60; 6%, $34,155.90.
Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cent.): SA%< $32,000; 4% , $116,100;
4>^%, $15,000; 5%, $16,126.61; 6%, $4,600; 7%, $2,500; 10%, $900.
Number of loans not over $3,000 each, 534, amounting to $348,906.48.
17 real estate loans made during year, amounting to $15,025.

Dividends, Deposits and Withdrawals.
$13,319 91
13,467 95
97,666 00

Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 1,505, amounting to

Number of withdrawals during year, 1,487, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

’.
.

$124,453 86
121,786 51
$2,667 35

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$10,000 Boston 33£s
10.000 Boston 4s
1,000 Chicago, 111., 4s
12.000 Williamsburg 4s

Public Funds, Notes.
$1,500 Chesterfield 5s
1,526 Goshen 5s
29,100 Williamsburg 4s
600 Williamsburg 5s

D ates

o p

E x a m in a t io n ,


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

Par Value.
$20,000 Boston & Maine 4s
10.000 Boston & Maine 4J^s
20.000 C., B. & Q. 4s
10.000 Chic., R. I. & Pac. 4s
10.000 Illinois Central 3J4s
12.000 N. Y., N. H. & H. ZAs
4,000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s

July 1, 2.

Street Railway Bonds.
Par Value.
$5,000 Worcester Con. &A$

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.

152

REPO RT OF THE

[Pub. Doc.

HIBERNIA SAVINGS BANK, BOSTON.
201 WASHINGTON STREET.
Incorporated M ay 21, 1912.
P a t r ic k O ’H

earn,

Number of corporators, 59; number of trustees, 35.

President.
Ja m e s

F r a n k J. C a r e n s ,

Treasurer*

N . C l a r k , Clerk of the Corporation.

Board of Trustees: R . H. B a k e r , J. J. B a r r y , J. E. B o w e n , J. F. C a r e n s , J. N. C l a r k , J. F. C r o n i n ,
F. J. C r o s b y , J. E . C r o w l e y , J. M . C u r l e y , F. L . D a l e y , T . W . G o o d , J. M . G r a h a m . B . J.
H e a n e y , J o h n L a l l y , E . L. L o g a n , J. F. L o w , D . H. M a g u i r e , F. X . M a h o n e y , E r n e s t M a n a h a n , J. F. M c D o n a l d , F. J. M c G r a t h , J . A. M c G r a t h , J. R . M c V e y , W . P. M e e h a n , S. J.
M o r a n , C. H. N o r t o n , D . T . O ’C o n n e l l , J. F. O ’ C o n n e l l , P a t r ic k O ’H e a r n , P. P. P o r t e r ,
T . J. R e a r d o n , C. F. R i o r d a n , L. K . R o u r k e , J. J. S c a r r y , J. T . S c u l l y .
Board of Investment: P a t r ic k O ’H e a r n , J. R . M c V e y , J. F. O ’C o n n e l l , W . P . M e e h a n , J. F. L ow ,
L. K . R o u r k e , E r n e s t M a n a h a n , J. F. C r o n i n , F. J. C r o s b y , T . W . G o o d .
Auditing Committee: J. N . C l a r k , R . H . B a k e r , C . H. N o r t o n .
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 30, 1915.
Assets.
Public funds, bonds and notes
Street railway bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
151 loans on real estate (average of each, $3,556.22)
Less amount due on uncompleted loans .

50.
00
50
12

536,990
131,260
773
37,812
3,247

00
00
65
82
56

$540,740 00
3,750 00

23 loans on personal security
Premium account
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.

Total Assets

$59,108
7,220
14,112
2,331

.

.

.

.

.

$792,856 15

Liabilities.
Due depositors on 2,004 accounts, averaging $389.50 each
.
.
{Accounts opened during year, 589; closed, 815; increase, 274)
Surplus: —
a. Guaranty fund {-47% o f deposits; increase during year, $1,711.59)
b. Profit and loss {increase during year, $1,916.35)
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

.

.

.
.

$780,564 80

3,696 74
5,948 45

.

$3,369 24
1,520 16
1,849 08
797 08

Unearned discount

Total Liabilities .

.

.

.

.

* Joseph J. Forrester was elected Treasurer in December, 1915.


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

$792,856 15

153

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$991.88 $1,750.00
$2,509.04
Cost per $1,000 of assets
1 .25
2 .21
3 .16
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.

Total.
$5,250.92
6 .6 2

2.21

Gross income received during the year, $32,022.82.

Rates on Investments and Loans (Average on All, 5.05%).
Real estate loans (average rate, 5.14 per cent.): 5%, $387,290; 5>£%, $148,700; 6%, $1,000.
Personal loans (average rate, 5.02 per cent.): 4J^%, $41,500; 4 % % , $40,000; 5%, $18,300; 5J^%,
$400; 6%, $21,060; 6M % . $10,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.49 per cen t.): 4%, $41,500 ; 4)4% , $5,000; 4J^%,
$15,000; 5%, $22,000; 6%, $1,700.
Number of loans not over $3,000 each, 69, amounting to $130,800.
47 real estate loans made during year, amounting to $186,350.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 3,289, amounting to

$10,703 13
12,417 06
365,698 95

Number of withdrawals during year, 1,969, amounting to

$388,819 14
211,496 30
$177,322 84

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Notes.

Public Funds, Bonds.

Par Value.
$2,000 Needham 4s
10,000 Swampseott 4)^s
500 Walpole 4s

Par Value.
$15,000 Boston 4s
5.000 Boston 4Ms
5.000 San Francisco, Cal., 4)^s
10.000 San Francisco, Cal., 5s
12.000 Seattle, Wash., 5s

D ates

o f

E x a m in a t io n


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

Street Railway Bonds,
Par Value.
$2,000 Boston & Northern 4s
6,000 West End 4s

Bank Stocks.
Shs.
17 Federal Trust Co., Boston

a n d

A u d it ,

July 22-27

in c lu s iv e .

REPO RT OF THE

154

[Pub. Doc.

HINGHAM INSTITUTION FOR SAVINGS, HINGHAM.
MAIN STREET.
Incorporated April 2, 1834.

M o r r is

F.

W h it o n ,

Number of corporators, 54; number of trustees, 14.

President.
E lm er

H ow ard
L .

C u r t is s ,

P.

Treasurer.

H ersey,

Clerk of the Corporation.

Board o f Trustees: C . B . B a r n e s , E . L . C u r t i s s , H . W .
F. M . H e r s e y , H . P. H e r s e y , W . W . H e r s e y , E . B .
E . E . W h i t n e y , M . F. W h i t o n , B . C . W i l d e r .
Board o f Investment: M . F.

W h it o n ,

H. W .

C u s h in g ,

Auditing Committee: M. F.

W h it o n ,

W. W.

H ersey,

C u s h in g ,

W. B .
A. R

L o r in g , B .

F. M .
B. A .

H ersey,

F e a r in g ,
o b in s o n

W . B.

,

J. S .
E . F.

F o w ler,
S k in n e r ,

F e a r in g .

R o b in s o n .

Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay­
able the Wednesday following the first Tuesday of January and July. Business hours: 8 a . m .
to 12 m .; 1 to 4 p .m .; Saturdays, 8 a . m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
408 loans on real estate (average of each, $3,551.53) .
Less amount due on uncompleted loans .
.
.

.

.
.
.

.
.

.
.
.
.

.
.

.

.
.
.
.

.
.

.

.

.
.
.
.

28 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $5,000; assessed value,
Real estate b y foreclosure, etc. (assessed value, $5,800)
.
.
Deposits in national banks or trust companies
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.

.
.

.

.
.

.

.
.

.

.
.
.
.
.
.
$1,456,875 26
7,850 00
----------------------.
.
.
.
$8,500)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

$157,186 20
582,602 50
122,754 00
100,000 00
54,585 00
9,000 00

1,449,025 26
476,150 00
5,000 00
3,205 47
84,027 17
910 02

Total A s s e t s .......................................$3,044,445 62
Liabilities.
Due depositors on 5,349 accounts, averaging $523.28 each
(.Accounts opened during year, 478; closed, 462; increase, 11)
Surplus: —
a. Guaranty fund (4-97% of deposits; increase during year, $668)
h. Profit and loss (increase during year, $20,288.37) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$2,595 00
Less State or local taxes not charged off .
63 30

.

139,087 00
59,477 92
$45,056 33

2,658 30
-------------Unearned discount
Due on foreclosure sale


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

Total Liabilities

$2,799,007 67

42,398 03
530 00
3,945 00

$3,044,445 62

155

BANK COMMISSIONER.

No.

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses.
Total.
$48.50
$2,009.62
$15,834.39
.02
.66
5 .20
3 .1 0

State Tax (Net). Salaries.
Rent.
Amount paid for
$5,920.66
$7,355.61
$500.00
C ost per $1,000 of assets
1.94
2 .4 2
.16
Cost per $1,000 of assets not including State tax and rent .

Gross income received during the year, $147,807.17.

Rates on Investments and Loans (Average on All, 4.76%).
Real estate loans (average rate, 5.33 per cent.): 4%, $3,000; 4.14%, $500; 4 % % , $45,000; 5%, $762,366.26; 5M % , $9,000; 5}4% , $269,400; 6%, $354,859;
$4,500; 7%, $400.
Personal loans (average rate, 4.49 per cent.): 4%, $22,000; 4 K % . $100,000; 4iMs%, $15,000; 4J^%,
$300,000; 5%, $27,100; 6%, $12,050.
Bonds, stocks, etc. (average rate on amounts invested, 4.07 per cent.): 3)^% , $365,000; 4% , $467,000;
4h£%, $74,872.20; 5%, $95,000; 5)^% , $15,000; 6%, $23,000.

Number of loans not over $3,000 each, 267, amounting to $411,620.26.
50 real estate loans made during year, amounting to $223,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
.
.
.
.
.
July, 1 9 1 5 , 2 % ...........................................
Number of deposits during year, 3,104, amounting to
.
.
.
.
.

Number of withdrawals during year, 3,508, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$54,086 80
54,364 13
273,997 88

.

$382,448 81
351,839 34

.

$30,609 47

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., 5J^s
25.000 Oshkosh, Wis., 4s
10.000 Springfield 3}^s
10.000 Waterbury, Ct., 3}4s
5,000 Woonsocket, R. I., 4s

Public Funds, Notes.
$4,872 Hingham4J^s

Railroad Bonds.
$25,000 Atch., Top. & Santa Fé 4s
20,000 Bangor & Aroostook 5s

D ates

o f

E x a m in a t io n ,


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

Par Value.
$20,000 Boston & Albany 3)^s
15.000 Boston & Maine 3)^s
10.000 Boston & Maine 4s
10.000 Boston & Maine 4)^s
14.000 Burlington & Mo. River 6s
45.000 C., B. & Q. 3y2a
25.000 Chic., Mil. & St. Paul 4)^s
20.000 Chic., Mil. & St. Paul 5s
20.000 Chic. R. I. & Pacific 4s
25.000 Fitchburg 4s
15.000 Fitchburg 5s
25.000 Illinois Central
50.000 Illinois Central 4s
5,000 Mich. Central 3Hs
25.000 N. Y. C. & H. R. 4s
80.000 N. Y., N. H. & H. 3^s
15.000 N. Y., N. H. & H. 4s
40.000 No. Maine Seaport 5s
35.000 Old Colony 3)^s
50.000 Portland Terminal Co. 4s

April 22, 23.

Street Railway Bonds
Par Value.
$50,000 Boston Elevated 4s
35.000 Boston Elevated 43^s
14.000 Boston & Northern 4s
25.000 Springfield 4s

Bank Stocks.
Shs.
90 Hingham Nl. Bk.

156

REPO RT OF THE

[Pub. Doc.

HOLLISTON SAVINGS BANK, HOLLISTON.
WASHINGTON STREET.
Incorporated February 27, 1872.

C harles

D.

F is h e r ,

Number of corporators, 24; number of trustees, 15.

President.
John

A lbert
M .

B atcheldeh,

E.

Board o f Trustees: H. L. A d a m s , C. H. M . B a r t l e t t , J. M . B a t c h e l d e r , C. A .
C u t l e r , E . A . D a n i e l s , J. H. D e w i n g , C . P. D o z o i s , C. D . F i s h e r , W . P.
L e l a n d , P. F. L e l a n d , A l o i s e M a e d e r , J. H. M a h o n e y , A . E . P h i p p s .

Board o f Investment:

C . D . F is h e r , H . L . A d a m s , C . A .

Auditing Committee:

C .

H.

M . B artlett,

A.

M .

P h ip p s ,

Treasurer.

Clerk o f the Corporation.

C ro w le y,

C r o w l e y , J . F . L e l a n d , A l o is e

C u tler, C .

P.

A. M .
J. F .

K in g s b u r y ,

M ae d e r .

D o z o is .

Deposits draw interest from first day of March, June, September and December; dividends are p a y­
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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
$103,561 66
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
69,881 25
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
11,995 00
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
.
3,000 00
American Tel. & Tel. Co. bonds .
.
.
.
.
.
.
.
.
.
7,065 00
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
4,575 00
Securities acquired in settlement of indebtedness
.
.
.
.
.
.
.
1 00
196 loans on real estate (average of each, $1,863.36) .
.
.
.
.
.
.
267,218 33
1 loan on personal security
.
.
.
.
.
.
.
.
.
.
150 00
Bank building and fixtures (estimated value, $6,300; assessed value, $7,100)
.
.
5,700 00
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
10 70
Deposits in national banks or trust companies
.
.
.
.
.
.
.
6,126 80
C a s h ....................................................................................................................................................2,193 16

Total Assets

$481,477 90

Liabilities.
Due depositors on 1,385 accounts, averaging $316.92 each
{Accounts opened during year, 121; closed, 135; decrease, Ilf)
Surplus: —
a. Guaranty fund {5.04-% ° f deposits; increase during year, $580)
h. Profit and loss {increase during year, $1,006.64)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

$438,929 94

22,105 00
12,702 24
$8,680 65
939 93
— ------------

7,740 72

Total L iab ilities.......................................$481,477 90

157

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
Amount paid for
$472.52
$1,882.03
$300.00
$507.54
$3,162.09
Cost per $1,000 of assets
.98
3.91
.62
—
1.05
6 .56
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
4 .9 6

Gross income received during the year, $22,432.20.

Rates on Investments and Loans (Average on All, 4.93%).
Real estate loans (average rate, 5.50 per cent.): 5%, $87,888.15; 5V£%, $89,244.04; 6%, $90,086.14.
Personal loans (average rate, 6 per cent.): 6%, $150.
Bonds, stocks, etc. (average rate on amounts invested, 4.16 per cent.): 3 % c[ , $22,000; 4%, $140,706.56,
4 V2% , $17,000; 5%, $18,000; 6%, $4,400.

Number of loans not over $3,000 each, 204, amounting to $225,153.14.
19 real estate loans made during year, amounting to $32,550.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 2%
Number of deposits during year, 1,169, amounting to

$8,352 08
8,406 13
68,607 26

Number of withdrawals during year, 1,390, amounting to

$85,365 47
77,478 46
$7,887 01

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Par Value.
$2,000 Needham 4s
4.000 Reading 4s
2.500 Revere 4s

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)4s
3.000 Quincy 4s
5.000 Rockville, Ct., 4s
5.000 San Francisco, Cal., 5s
1.000 Seattle, Wash., 4b£s
3.000 Troy, N. Y., 4)^s
6.000 Waltham 4s
3.000 Ashland 4s
2,500 Concord 4s
1.000 Framingham 4s
1.000 Franklin 4s
500 Mansfield 4s

D ates

o p

E x a m in a t io n


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

Public Funds, Notes.
$500 Athol 4s
500 Brockton 4s
740 Dedham 4s
3.000 Holbrook 4s
5,465 Holliston 4s
4.000 Ipswich 4s
3.500 Marlborough 4s
5.000 Revere 4s
1.500 Wrentham 4s

Par Value.
$8,000 C., B. & Q. 4s
7.000 Illinois Central 3J^s
2.000 N. Y. C. & H. R. 4s
5.000 N. Y., N. H. & H. 3^s
10.000 N. Y., N. H. & H. 4s
11.000 No. Maine Seaport 5s
5.000 Pennsylvania 4}^s
3.000 Pitts., Va. & Charleston 4s
2.000 Washington Co. 3J^s

Street Railway Bonds.
$4,000 Boston Elevated 4s
2.000 Boston Elevated 4b£s
6.000 West End 4s

Railroad Bonds.
$4,000 Boston & Albany 4s
2.000 Boston & Albany 5s
1.000 Boston & Lowell 4s
6.000 Boston & Maine 4s
5.000 Boston & Maine 4J^s

a n d

A u d it ,

March 8-13 inclusive.

Bank Stocks.
Shs.
15 Franklin Nl. Bk.
29 Framingham Nl. Bk.

v
[Pub. Doc.

REPO RT OF THE

158

HOLYOKE SAVINGS BANK, HOLYOKE.
197-201 HIGH STREET.
Incorporated February 21, 1855.
R obert

R u ssell,

President.
A lbert

Board o f Trustees:
D . H. I v e s , C .
M o o r e , T. J .
F .

A .

Number of corporators, 61; number of trustees, 19.
C h arles

G.

M ag n a,

J . A . C l o u g h , A . A . C o b u r n , T h o m a s D i l l o n , G.
C . J e n k s , W . D . J u d d , A . G. M a g n a , F. H . M e t c a l f ,

M o r r o w , M . W . P r e n t is s , W .
W h it in g , J . L . W y c k o f f .

Board o f Investment:

R o bert R u ssell,

Auditing Committee:

F .

A.

J. A.

W h it in g , W .

A.

W.

Johnson,

Treasurer.

Clerk of the Corporation.

A.

P r e n t is s , H .

C lou gh , M .

W.

P r e n t is s , H .

L .

C. G i l l , H . O. H a s t i n g s ,
N . C. M a n s i r , P h i l a n d e r

L . R u ssell, R obert

P r e n t is s ,

D . H.

R u ssell,

Iv e s.

R u ssell.

Deposits draw interest from first day of January, April, July and October; dividends ar.e 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 30, 1915.
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
.
.
.
.
.
.
615 loans on real estate {average of each, $6,128.95) .
.
.
.
.
88 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $52,500; assessed value, $47,660)
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.
.
.

.
.

$434,735 90
1,845,022 75
365,778 90
104,355 00
176,372 00
1 00
3,766,227 00
892,272 50
52,500 00
270,719 84
6,697 08

.

$7,914,681 97

,

.
.
.

.

r.
.

.

.

.

Liabilities.
Due depositors on 14,209 accounts, averaging $505.98 each
.
.
.
.
.
(Accounts opened during year, 1,691; closed, 2,033; decrease, 342)
Surplus: —
a. Guaranty fund (5.08% ° f deposits; increase during year, none)
.
.
.
b. Profit and loss (increase during year, $39,975.38) .
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
$147,571 08
b. R e n t ...............................................................
110 34
-----------------------$147,681 42
Less current expenses not charged off
.
.
.
.
5,281 41
-------- -------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.

Total Liabilities .

.

.

.

.

$7,189,461 57
365,000 00
217,441 22

142,400 01
379 17

$7,914,681 97

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
Amount paid for
$15,610.80 $11,963.06 $1,500.00
$650.50
$2,275.96 $32,000.32
Cost per $1,000 of assets
_
1.97
1.51
.19
.08
.29
4.04
C ost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.88
Gross income received during the year, $370,355.15.


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

159

BANK COMMISSIONER.

No.

Rates on Investments and Loans (Average on All, 4.70%).
Real estate loans (average rate, 4.95 per cen t.): 4M%> $14,000; 4}-2% , $443,850; 5%, $3,228,827; 5 )4 % ,
$45,550; 6%, $34,000.
_
, .
Personal loans (average rate, 4.68 per cen t.): 4 % % , $90,000; 4J^%, $470,962.50; 5%, $188,970; 5J^%,
$12,000; 5 )4 % , $75,240; 5 % % , $12,000; 6%, $31,200.
Bonds, stocks, etc, (average rate on amounts invested, 4.39 per cent.): 3%, $12,000; 3)4% , $20,000;
3 H % , $636,000; 3M % , $16,000; 4%, $1,666,500; 4J^%, $204,000; 5%, $235,125; 6%, $77,900;
7%, $40,300; 8%, $16,500; 10%, $78,700; 14%, $2,000.
Number of loans not over $3,000 each, 375, amounting to $575,785.
77 real estate loans made during year, amounting to $443,750.

Dividends, Deposits and Withdrawals.
$137,469 84
138,470 31
1,053,685 67

Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 16,428, amounting to

.

Number of withdrawals during year, 17,690, amounting to

$1,329,625 82
1,266,274 29
$63,351 53

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$9,000 Bay City, Mich., 5s
23.000 Boston 4s
25.000 Dubuque, la., 4s
6.000 Fall River 4s
23.000 Haverhill 4s
2.000 Lewiston, Me., 5s
20.000 Lynn 4s
35.000 Los Angeles, Cal., 4J^s
12.000 Oshkosh, Wis., 4s
13.000 Quincy 4s
10.000 San Francisco, Cal., 4)4s
10.000 San Francisco, Cal., 5s
24.000 Seattle, Wash., 4)4s
7.000 South Bend, Ind., 4s
22.000 South Norwalk, Ct., 4s
10.000 Superior, Wis., i)4s
16.000 Hyde Park 4s
5.000 Longmeadow 4s
5.000 Manchester, Ct., 4s
3.500 Methuen 4s
4.000 Nantucket 4s
35.000 North Kingstown, R. I., 4s
8.000 Pepperell 4s
4.000 Russell 4s
6.000 Stow 3%ß
8,100 Walpole 4s
5.000 Westerly, R. I., 3)4.5
4.000 Whately 4s
10.000 Winthrop 4s
13.000 Blandford (F. D.) 4s
20.000 Kennebec, Me. (W. D.), 3MS

Public Funds, Notes.
$20,000 Essex County 3)4,s
10.000 Easthampton 3Ms
5.500 Hull 4s
3.000 Saugus 3)4&

Railroad Bonds.
$20,000 Atch., Top. & Santa Fe 4s
25.000 Bangor & Aroostook 5s
70.000 Boston & Albany 4s

D ates

o f

E x a m in a t io n


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

a n d

$5,000 Boston & Lowell 4s
50.000 Boston & Maine 3)4s
102.000 Boston & Maine 4s
25.000 Boston & Maine i)4s
10.000 B. & N. Y. Air Line 4s
30.000 Boyer Valley 3)4s
24,600 Burl. & Missouri R. 6s
95.000 C., B. & Q. 3)4s
110.000 C., B. & Q. 4s
15.000 Chic., M il & St. Paul 5s
23.000 Chicago &' Northwest. 3)4a
26.000 Chicago & Northwest. 4s
100.000 Chic., R. I. & Pacific 4s
47.000 Concord & Montreal 4s
10.000 Conn. River 6s notes
10.000 Fitchburg 3)4s
103.000 Fitchburg 4s
25.000 Fitchburg 6s notes
12.000 Illinois Central 3s
195.000 Illinois Central 3)4s
110.000 Illinois Central 4s
10.000 Lime Rock 4s
35.000 Louisville & Nashville 4s
10.000 Me. Cent. & E. & N. A. 4s
25.000 Michigan Central 3)4b
15.G00 Minnesota & Iowa 3)45
25.000 N. Y. C. & H. R. 3)4s
55.000 N. Y. C. & H. R. 4s
80.000 N. Y „ N. H. & H. 3)4a
140.000 N. Y „ N. H. & H. 4s
49.000 No. Maine Seaport 5s
16.000 Old Colony 4s
50.000 Penobscot Shore Line 4s
20.000 Pennsylvania i)4s
22.000 Pitts., Va. & Charlest’n 4s
20.000 Portland & Ogdens. 4)4s
15.000 Portland & R. Falls 4s
30.000 Sioux City & Pacific 3)4.5
20.000 Sullivan Co. 4s
30.000 Washington Co. 3)4s

Street Railway Bonds.
$40,000 Boston Elevated 4s
45.000 Boston Elevated 4)4s

A u d it ,

$5,000 Boston, Milton & Brock. 5s
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
11.000 Holyoke 5s
7.000 Milford & Uxbridge 5s
5.000 Mil., Holliston & Fram. 5s
15.000 Uxbridge & Blackstone 5s
72.000 West End 4s
15.000 Wore. Consolidated 4)4s

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., Northampton
50 Northampton Nl. Bk.
38 Palmer Nl. Bk.
6 Pittsfield Nl. Bank
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

December 10-18 inclusive.

160

REPO RT OF THE

[Pub. Doc,

HOME SAVINGS BANK, BOSTON.
75 TREMONT STREET.
Incorporated M arch 17, 1869.

Number of corporators, 52; number of trustees, 30.

G eoege E . B hock , President.
C harles S. N orbis , Treasurer.
L a w r e n c e H . M erch an t , Clerk o f the Corporation.

Board of Trustees: S. L. B art l et t , G. D . B ig e l o w , E dmund B illin gs , C arl B r an dt , G . E . B rock ,
A . H. C o l by , H . W . C u m n e r , A . H. C u r t is , C. F. C ut le r , R . H. W . D w ig h t , G . H. E llis ,
G. A . F e r n a ld , I. G. H e r s e y , C. C . H o y t , G eorge H utch inson , H . C. Ja ck son , J erome
Jo n es , T heodore Jo n es , W . T . K e oug h , C. W . L eonard , F r an k L e v e r o n i , F. H . M a n n in g ,
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 r eston , S. W . R e yn old s , J.
H. R ussell , F. A . T u r n e r .
Board of Investment: G. E . B rock , H. C . Ja ck son , J. H . R ussell , I. G. H e r s e y , C. F. C u t le r ,
C. C . H oyt.

Auditing Committee: S. W . R eyn old s , R . H. W . D w ig h 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 f .m . ; also Saturdays,
except during July and August, for deposits only, 4 to 7 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
Boston Terminal Co. bonds .
Stocks of banks and trust companies
.
.
.
982 loans on real estate {average of each, SI4,126.86)
Less amount due on uncompleted loans .
.
.

.

.
.

.

.
.

.
.
.

.

.

.

.

.
.
.

.
.

.
.

.
.

.
.
.
.
$13,882,975 00
10,400 00

148 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $389,600)
Taxes, insurance, etc., paid on mortgaged properties
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

$1,808,211
2,701,014
525,197
30,000
117,900

17
50
70
00
00

13,872,575
5,583,450
212,103
8,179
16,090
917,686
17,105

00
00
48
38
53
36
87

. $25,809,513 99

Total Assets
Liabilities.

. $24,063,018 95

Due depositors on 55,092 accounts, averaging $436.78 each
{Accounts opened during year, 9,312; closed, 5,978; increase, 3,334)
Surplus: —
a. Guaranty fund {4.99% ° f deposits; increase during year, $90,500)
b. Profit and loss {increase during year, $29,237.07) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount

.

.

.

.

.

.

.

.

Total Liabilities .

.

$94,701 95
4,105 06
90,596 89
60,838 19

.

.

1, 200,000 00
395,059 96

.

.

.

$25,809,513 99

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$42,235.41 $34,408.36 $12,000.00 $1,201.33 $13,265.31 $103,110.41
Cost per $1,000 of assets
1 .64
1.33
.47
.05
.51
4 .0 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.89
Gross income received during the year, $1,181,235.63.


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

161

BANK COMMISSIONER.

No. 8.]

Rates on Investments and Loans (Average on All, 4.59%).
Real estate loans (average rate, 4.81 per cen t.): 4%, $620,500; 4)4% , $517,500; 4)4% . $3,203,775; 4% % ,
$933,000; 5%, $8,128,250; 5)4% , $1,700; 5)4% , $442,600; 6%, $25,250.
Personal loans (average rate, 3.95 per cent.): 3%, $100,000; 3)4% , $400,000; 3M % . $1,373,000; 4%,
$2,717,400; 4)4% , $471,200; 4)4% , $513,800; 5%, $1,050; 6%, $7,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.67 per cent.): 3)4% , $15,000; 3.40%, $25,000;
3)4% , $220,000; 3.85%, $50,000; 4%, $2,150,500; 4)4% , $50,500; 4)4% , $1,075,474.37; 4M % ,
$40,000; 5%, $896,000; 5)4% , $25,000; 6%, $415,000; 7%, $134,500; 7)4% , $3,400; 8%, $15,000;
10%, $22,000; 12%, $40,000; 14%, $32,500.
Number of loans not over $3,000 each, 196, amounting to $394,200.
114 real estate loans made during year, amounting to $1,587,450.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 77,065, amounting to
.

.

Number of withdrawals during year, 54,956, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.

$6,219,971 55
4,523,812 01

.

.

.

$430,000 59
449,134 04
5,340,836 92

.

$1,696,159 54

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 4s
50.000 New York State 4)4s
10.000 Essex Co. 4s
44.000 Akron, 0., 5s
175,000 Boston 4s
25.000 Bristol, Conn., 4)4s
21.000 Brockton 4s
4.000 Brockton 4)4s
25.000 Canton, 0., 5J4s
26.000 Chicago, 111., 4)4s
25.000 Cleveland, 0., 4)4s
50.000 Cleveland, 0., 5s
35.000 Des Moines, la., 4s
55.000 Fall River 4s
10.000 Flint, Mich., 4)^s
50.000 Grand Rapids, Mich., 4)^s
25.000 Holyoke 4s
30.000 Holyoke 4)^s
20.000 Indianapolis, Ind., 4s
30.000 Kansas City, Mo., 4)4s
20.000 La Crosse, Wis., 4s
19.000 Los Angeles, Cal., 4)£s
19.500 Lowell 4s
13.500 Lowell 4)^s
15.000 Lowell 4)£s
10.000 Lynn 4s
40.000 Lynn 4)^s
25.000 Milwaukee, Wis., 4)^s
50.000 Minneapolis, Minn., 4s
50.000 Newton 4s
25.000 Omaha, Neb., 4)^s
19.000 Pittsburgh, Pa., 4)^s
5.000 Portland, Ore., 5s
43.000 Quincy 4s
25.000 Racine, Wis., 5s
65.000 St. Paul, Minn., 4Hs
50.000 Seattle, Wash., 5s
30.500 Syracuse, N. Y., 4)^s
4.000 Toledo, 0., 4)^s
25.000 Toledo, O., 4Ms
65,474 Troy, N. Y., 4)^s
16.000 Waterbury, Ct., 4s
25.000 Worcester 4s
15.000 Youngstown, 0., 5s

Par Value.
$8,000 Arlington 4)^s
12.000 Brookfield 4s
9.000 Franklin 4)^s
5.000 Leominster 4s
25.000 Stamford, Ct., 4)^s
19.000 W. Bridgewater 4s
22.000 West Springfield 4s
3.000 Westfield 4s
10.000 Whitman 4s

Public Funds, Notes.
$50,000 Middlesex Co. 3)^8
30.000 Plymouth Co. 3Hs
100.000 Beverly 3HÍS
25.000 Medford 3.40%
50.000 Springfield 3.85%
15.000 Carver 3)£s
20.000 Manchester 4s
10,500 Reading 4)£s
10.000 So. Hadley 3)^s

Railroad Bends.
$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)^s
67.000 Cedar Rapids & Mo. R. 7s
170.000 C., B. & Q. 4s
15.000 C., B. & Q. 5s
130.000 Chic., Mil. & St. P. 5s
47.000 Chic., Mil. & St. P. 6s
116.000 Chicago & Northwestern 4s
29.000 Chic. & Northwestern 5s
32.000 Chic., St. P., Minn. & O. 6s
137.000 Concord & Montreal 4s
11.000 Danbury & Norwalk 5s
50.000 Delaware & Hudson 4s
10.000 Delaware & Hudson Canal 7s
10.000 Dexter & Piscataquis 4s
4.000 Fargo & Southern 6s
264.000 Fitchburg 4s
45.000 Fre., Elkh. & Mo. Valley 6s
29.000 Gouv. & Oswegatchie 5s

D ates op E x a m in a t io n , N ovember 30-Decem ber 4 inclusive.


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

Par Value.
$100,000 Lake Shore & Mich. So. 4s
107,000 Louisville & Nashville 6s
23.000 Michigan Central 5s
62.000 Milwaukee & Northern 4)£s
11.000 Mil., L. S. & W. 5s
19.000 Mil., L. S. & W. 6s
25.000 Minneapolis Union 6s
6.000 Montana Central 5s
2.000 Montana Central 6s
30.000 Nash., Florence & Shef. 5s
50.000 New York & Northern 5s
1.000 N. Y., Lack. & West. 6s
19,500 Northwestern Union 7s
19.000 Ohio River 5s
115,000 Old Colony 4s
20.000 Philadelphia & Erie 6s
50.000 Portland & Ogdens. 4)£s
28.000 Rome, Watertown & Og. 5s
50.000 St. P., Minn. & Man. 4s
46.000 St. P., Minn. & Man. 4)^s
26.000 St. P., Minn. & Man. 6s
68.000 St. Paul & No. Pacific 6s
19.000 St. Paul & Sioux City 6s
50.000 Vermont Valley 4}4s
26.000 Willmar & Sioux Falls 5s
33.000 Winona & St. Peter 7s

Street Railway Bonds.
$150,000 Boston Elevated 4)^s
25.000 Holyoke 5s
88.000 West End 4s
103.000 West End 4)^s
150.000 West End 5s
10.000 Worcester Con. 4%s

Bank Stocks.
Shs.
325 First Nl. Bk., Boston
34 Fourth-Atlantic Nl. Bk., Boston
50 Market Trust Co., Boston
220 Merchants Nl. Bk., Boston
125 Nl. Union Bk., Boston
400 Second Nl. Bk., Boston
25 Webster & Atlas Nl. Bk., Boston

162

REPO RT OF THE

[Pub. Doc

HOOSAC SAVINGS BANK, NORTH ADAMS.
97 MAIN STREET.
Incorporated April 19, 1871.

Number of corporators, 28; number of trustees, 15.

H . E . W ettiekbee , Clerk of the Corporation.

Board of Trustees: O. A. A e c h e b , P. J. A she , A . H . B a b b e e , E dmund B issaillo n , W . W . B u t l e b ,
G. A . H a sting s , J. D. H u n t e b , J. E . H u n t e b , G. P. L a w b e n c e , W . B . P a e m e le , E . B. P e n n i m a n , C. Q. R ichmond , W . W . R ichmond , D . A. R ussell , H . E . W e t h e e b e e .

Board of Investment: W . W . B u t le b , E dmund B issaillo n , H . E . W

e th e b b e e .

Auditing Committee: D . A . R ussell , A. H . B a b b e b , W . B . P a e m e l e .

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 4 p .m .; Saturdays, 9 a .m . to 2 p .m . and
7 to 8 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
339 loans on real estate (average of each, $2,058.08) .
.
.
.
.
.
103 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $120,000; assessed value, $91,500)
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.
.
.
.
.
.

.

.
.

.

.
.

$25,000 00
400,781 50
55,618 00
28,338 50
697,690 01
110,895 71
100,000 00
1,433 96
16,231 04
2,404 12

.

.

$1,438,392 84

Due depositors on 4,590 accounts, averaging $296.39 each
.
.
.
.
(Accounts opened during year, 1,030; closed, 848; increase, 182)
Surplus: —
a. Guaranty fund (4-51% of deposits; increase during year, $6,707.89) .
h. Profit and loss (increase during year, $529.54)
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
.

.

$1,360,430 07

Liabilities.


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

Total Liabilities .

.
.

.

61,432 93
529 54

.

16,000 30

. $1,438,392 84

BANK COMMISSIONER.

No. 8.

163

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
$2,787.79 $4,078.15
Amount paid for
$999.92 ' $506.01
$1,010.51
$9,382.38
1.94
2.83
Cost per $1,000 of assets
.69
.35
.70
6.51
Cost per $1,000 of assets not including State tax and rent .
3 .8 8

Gross income received during the year, $68,020.31.

Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 5.56 per cen t.): 5%, $292,205; 5J^%, $32,050; 6%, $373,435.01.
Personal loans (average rate, 5.40 per cent.); 4%, $26,719; 5%, $13,491.05; 6%, $70,685.66.
Bonds, stocks, etc. (average rate on amounts invested, 3.89 per cent.): 3%, $5,000; 3J^%, $297,000;
4%, $178,000; 4 y2% , $15,000; 5%, $30,000.

Number of loans not over $3,000 each, 371, amounting to $421,814.33.
28 real estate loans made during year, amounting to $43,388.76.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1914, 2%
June, 1915,2%
Number of deposits during year, 6,675, amounting to
.

.
.
.

Number of withdrawals during year, 4,655, amounting to
N et increase in amount due depositors

.

.

.

.
.
.

.
.

.
.
.

.
.

.
.
.

.
.

.
.

.
.

$25,154 48
25,705 66
344,217 65

.

$395,077 79
345,388 57

.

$49,689 22

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Bay City, Mich., 5s
5,000 Sioux City, Iowa, 43d>s
10,000 Wilkes-Barre, Pa., 3)^>s

Railroad Bonds.
Par Value.
$25,000 Boston & Albany 4s
12,000 Boston & Maine 3Hs

Par Value.
$60,000 C., B. & Q. 3^s
10.000 C .,B .& Q . 4s
10.000 Chic., Mil. & St. Paul 4J^s
7.000 Fitchburg 3J^s
5.000 Fitchburg 4s
5.000 Illinois Central 3s
68.000 Illinois Central 3b£s
15.000 Illinois Central 4s
80.000 Michigan Central 3Hs
60.000 N. Y., N. H. & H. 3^s
53.000 N. Y „ N. H. & H. 4s

D ates of E x a m in a tio n , M ay 17-20 inclusive.


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

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 5s
30.000 Boston & Northern 4s
10.000 Old Colony 4s
10.000 West End 5s

164

REPO RT OF THE

[Pub. Doc,

HOPKINTON SAVINGS BANK, HOPKINTON.
MAIN STREET.
Incorporated March 23, 1867.

Number of corporators, 28; number of trustees, 16.

J. D avid St e w a r t , President.
E rnest H . A dam s , Treasurer.
W alter M . H illia r d , Clerk of the Corporation.

Board of Trustees: E . H . A dam s , E . A . B riggs , G . W . B utter field , J. L. C l a f l in , P. H . D o la n ,
L. F. F a ir b a n k s , A . W . G e r r y , W . M . H illia r d , A . N . K y e s , W . S. M or se , W . D . M oshier .
A lfred P h ipps , H . H . P ip e r , J. D . St e 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 y e s , W . S. M orse ,
J. L. C l a f lin .
Auditing Committee: W . D . M osh ier , 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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
109 loans on real estate {average of each, $1,933.13)
.
.
.
.
Bank building and fixtures {estimated value, $6,000; assessed value, $6,000)
Real estate b y foreclosure, etc. (assessed value, $9,500)
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.

.
.
.
.

$45,267
150,200
39,400
6,440
15,037
210,711
3,500
5,200
16,525
653

50
00
00
00
50
00
00
00
49
52

$492,935 01

Total Assets

Liabilities.
$443,160 60

Due depositors on 1,168 accounts, averaging $379.42 each
Accounts opened during year, 85; closed, 107; decrease, 22)
Surplus: —
a. Guaranty fund {5% of deposits; increase during year, $434.82)
b. Profit and loss {increase during year, $2,099.18)
Current income: —
a. Interest .
.
.
.
.
.
.
$11,301 81
b. Rent
.
.
.
.
.
.
.
26 62

22,162 68
17,714 29

$11,328 43
Less current expenses not charged off
.
Less State or local taxes not charged off .


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

.
.

$944 92
486 07
1,430 99
------------------

9,897 44

Total L iab ilities.......................................$492,935 01

165

BANK COMMISSIONER.

No. 8.'

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$880.97 $1,584.85
$264.00
Cost per $1,000 of assets
1.79
3.21
.54
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$424.15
$3,153.97
.86
6 .40
................................................................... 4 .07

Gross income received during the year, $22,434.56.

Rates on Investments and Loans (Average on All, 4.77%).
Real estate loans (average rate, 5.19 per cen t.): 5%, $159,255; 5 K % , $23,250; 6%, $28,206.
Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.); 3J^%, $55,000; 4% , $112,800;
4>^%, $15,000; 5%, $61,000; 8%, $7,600; 10%, $500; 14%, $1,000; 16%, $2,500.
Number of loans not over $3,000 each, 86, amounting to $95,161.
9 real estate loans made during year, amounting to $15,000.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2%
Number of deposits during year, 686, amounting to .
.

Number of withdrawals during year, 804, amounting to
N et increase in amount due depositors

.

.

.
.

.
.
.

.
.

.
.

.
.

.

.

.

.

.

.

.
.
.

.
.

.

.

.

$8,438 83
8,545 15
44,529 56

.

$61,513 54
52,616 25
$8,897 29

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Par Value.
$5,000 C., B. & Q. 3^s
5.000 Chic., Mil. & St. Paul 4J^s
5.000 Chic., Mil. & St. Paul 5s
10.000 Concord & Montreal 4s
5.000 Fitchburg 4s
5.000 Fitchburg 5s
15.000 Illinois Central V/$,
5.000 Lake Shore & Mich. So. 3j^s
5.000 Michigan Central 3J^s
5.000 Minn., St. P. & Sit. Ste. M. 5s
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

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

Public Funds, Notes.
$800 Hopkinton 4s

Railroad Bonds.
$10,000 Boston
10.000 Boston
5.000 Boston
5.000 Boston

D ates

& Albany 5s
& Lowell 4s
& Maine 4s
& Maine 4}^s

o f

E x a m in a t io n


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

a n d

A u d it ,

February 23-25 inclusive.

Street Railway Bonds.
Par Value.
$5,000 Boston Elevated 4s
10.000 Boston & Northern 4s
15.000 West End 5s
10.000 Worcester Con. 5s

Bank Stocks.
Shs.
10 Greylock Nl. Bk., Adams
16 Fourth-Atlantic Nl. Bk., Boston
50 Commonwealth Tr. Co., Boston
25 First Nl. Bk., Boston
10 Webster & Atlas Nl. Bk., Boston
5 Natick Nl. Bk.

166

REPO RT OF THE

[Pub. Doc.

HUDSON SAVINGS BANK, HUDSON.
46
Incorporated February 26, 1869.
B.

G eorge

C och ran,

so n

T .

T ro w , F .

T.

W arren
O . W elsh ,

H . P . A n d rew s, F .
u n t e r

Sa f f o r d ,

Treasurer.

Clerk of the Corporation.

E. B r o w n , F . H . C h a m b e r l a i n , G . B . C o c h r a n , D a v i d G o o d E. P . L a r k i n , W . H . M o u l t o n , L . F . P r i e s t , J. H . R o b i n ­
C. J. S a w y e r , C. H . S t o n e , F r a n k T a y l o r , G . A . T r i p p ,

, G . P . K e it h ,

, F . S. R o w ell, W . T .

F .

Number of corporators, 40; number of trustees, 19.

President.
F red

Board of Trustees:
a l e , N. M . H

MAIN STREET.

Safford ,

O . W elsh .

Board of Investment: G. B.
Auditing Committee: J. H.

C och ran,

R o b in s o n ,

J. H.
T . F.

G. A .

R o b in s o n ,

T ro w

(o n e

T r ip p , C .

J.

Sa w y e r , E .

P .

L a r k in .

vacancy).

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 30, 1915.
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
.
504 loans on real estate {average of each, $1,767.59) .
Less amount due on uncompleted loans .
.
.

.

.

.

.

.

.

.
.

.
.

.
.

.
.

.
.

.
.

.
.
.

.
.
.

.

.

.
.
$891,465 00
599 30

.
.

$391,850
477,200
176,325
37,400
3,500

100 00
890,865
133,650
47,471
1,237
52,055
7,095

18 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $4-7,471.51; assessed value, $36,600)
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

00
00
00
00
00

70
00
51
22
32
39

Total A s s e t s .......................................$2,218,750 14
Liabilities.
Due depositors on 5,978 accounts, averaging $346.54 each
(Accounts opened during year, 788; closed, 623; increase, 165)
Surplus: —
a. Guaranty fund {4 .68% of deposits; increase during year, $6,800)
b. Profit and loss (increase during year, $5,649.91)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

$2,071,630 74

97,000 00
38,646 86
$12,640 08
1,167 54
11,472 54

Total Liabilities .

.

.

.

.

$2,218,750 14

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
Am ount paid for
$4,442.52 $3,407.50
$500.00
$95.00
$1,033.33
$9,478.35
Cost per $1,000 of assets
2 .0 0
1.53
.22
.04
.46
4 .2 5
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .0 3
Gross income received during the year, $103,293.62.


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Federal Reserve Bank of St. Louis

BANK COMMISSIONER,

No. 8.]

167

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5.26 per cent.): 5%, $437,960; 5J^%, $441,000.70; 6%, $11,155; 7M %,
$750.
Personal loans (average rate, 4.78 per cent.): 4%, $15,000; 4 M % . $10,000; 4J^%, $30,000; 4M % ,
$30,000; 5%, $19,000; 5 ^ % , $28,750; 6%, $900.
Bonds, stocks, etc. (average rate on amounts invested, 4.44 per cent.): 3%, $5,000; 3 }4% , $120,200;
3% % , $3,800; 3.65%, $10,000; 3 % % , $1,500; 3.80%, $8,400; 3.90%, $13,000; 4% , $461,350; 4 M % .
$21,000; 4M % . $158,500; 5%, $215,000; 6%, $49,000; 7%, $30,000; 8%, $3,500.
Number of loans not over $3,000 each, 464, amounting to $552,395.
65 real estate loans made during year, amounting to $109,925.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 5,849, amounting to

$38,235 57
38,748 08
345,796 93

Number of withdrawals during year, 4,662, amounting to

$422,780 58
346,875 70

N et increase in amount due depositors

$75,904 88

SCHEDULE OF SEC U RITIE S OW NED.

Public Funds, Notes.

Public Funds, Bonds.
Par Value.
$10,000 California 4s
10.000 Massachusetts 3Hs
5.000 Massachusetts 4s
20.000 Akron, 0., 5s
5.000 Bay City, Mich., 5s
5.000 Beverly 4s
15.000 Boston 4b£s
10.000 Brockton 4s
20.000 Chelsea 4s
5.000 Fall River 4Ks
5.000 Hamilton, O., 5s
10.000 Los Angeles, Cal., 4}^s
36.000 Lynn 4s
10.000 Milwaukee, Wis., 4)^s
17.000 New Bedford 4s
15.000 Portland, O., 4)^s
5.000 Rockville, Ct., 4s
15.000 San Francisco, Cal., 5s
5.000 Spokane, Wash., 4J^s
7.000 St. Paul, Minn., 4)4s
10.000 Syracuse, N. Y., 4)^s
5.000 Troy, N. Y., 4s
3,500 Troy, N\ Y., il4s
6.000 Worcester 4s
4.000 Attleboro 4s
6,650 Hudson 4s
8.000 Hudson 4}^s
5.000 No. Kingstown, R. I., 4s
14.000 Saugus 4s
4.000 Tiverton, R. I., 4s
10.000 Wallingford, Ct., 3.65%
10.000 Wellesley 4s
5.000 Br. & Top., Me. (W. D.), 4s

D a tes

o p

E x a m in a t io n ,


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

Par Value.
$3,400 Bolton 4s
12,200 Hudson 3J^s
3,800 Hudson 3%g
1,500 Hudson 3%s
8,400 Hudson 3.80%
13,000 Hudson 3.90%
21,300 Hudson 4s
6.000 Hudson 4)4s
2.000 Hudson 4)^s

Railroad Bonds.
$15,000 Bangor & Aroostook 5s
20.000 Boston & Albany 3j4>s
26.000 Boston & Maine 4s
5.000 B. & N. Y. Air Line 4s
9.000 Burl. & Mo. River 6s
5.000 Cedar Rapids & Mo. R. 7s
15.000 C., B. & Q. SV2s
10.000 C., B. & Q. 4s
4.000 C., B. & Q. 5s
30.000 Chic., Mil. & St. Paul 4^s
5.000 Chic., Mil. & St. Paul 5s
10.000 Chic. & Northwestern 4s
5.000 Chic. & Northwestern 5s
35.000 Chic. & Northwestern 6s
5.000 Chic., R. I. & Pac. 4s
10.000 Delaware & Hudson 4s
30.000 Fitchburg 4s
5.000 Illinois Central 3s
23.000 Illinois Central 3Hs
30.000 Illinois Central 4s
17.000 Louisville & Nashville 5s

August 2, 3.

Par Value.
$5,000 Me. Cent. & E. & N. A. 4s
20.000 Michigan Central 3)4s
15.000 Michigan Central 5s
5.000 Mil. & Northern 4^s
10.000 N. Y „ N. H. & H. 3J^s
30.000 N. Y., N. H. & H. 4s
15.000 No. Maine Seaport 5s
10.000 Ohio River 5s
1.000 Portland & R. Falls 4s
5.000 Portland Terminal Co. 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. 3b£s
5.000 Winona & St. Peter 7s

Street Railway Bonds.
$20,000 Boston Elevated 4s
20.000 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
5.000 West End 4s
23.000 West End 4)^s
5.000 West End 5s
25.000 Wore. Consolidated 4)^s

Bank Stocks.
Shs.
35 Hudson Nl. Bk.

168

REPO RT OF THE

[Pub. Doc,

HYDE PARK SAVINGS BANK, BOSTON.
1196 RIVER STREET (HYDE PARK DISTRICT).
Incorporated March 8, 1871.

R o bert

B l e a k ie ,

Number of corporators, 28; number of trustees, 15.

President.

A rth u r

F r e d e r ic k

L . Johnson,

H .

B u rt,

Board of Trustees: H. F. A r n o l d , R o b e r t B l e a k i e , H. S. B u n t o n , A . H. B u r t , F. C.
J o h n s o n , F. G . K a t z m a n n , E . W . L e w i s , R . P. M o s e l e y , H. B . T e r r y , J . A . T
D . T i r r e l l , F. N. T i r r e l l , H. E . B . W a l d r o n , R i n a l d o W i l l i a m s .
Board of Investment:

R o bert

B l e a k ie ,

H. S.

Treasurer.

Clerk of the Corporation.

F. N.

B un to n ,

F. C.

T ir r e l l ,

G rah am ,
il d e n

G rah am ,

,

E.

F. L.
V an

H. E . B.

W ald ro n .

Auditing Committee: F. L.

Johnson,

H. S.

B un to n ,

R . P.

M o seley.

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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
455 loans on real estate (average of each, $2,376.68) .
Less amount due on uncompleted loans .
.
.

.

.
.

.
.
.
.
.

.
.

.
.
.
.
.

.
.

.
.
.
.
.

.
.

.
.

.
.

.
.

.
.

.

80
75
50
50
00

1,081,390
8,150
1,000
24,143
16
96,826
4,752

50
00
00
47
79
28
77

$1,081,790 00
399 50

5 loans on personal security .
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $20,000; assessed value, $22,800)
Real estate b y foreclosure, etc. (assessed value, $35,350) .
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

Total Assets

$237,461
487,948
153,033
36,162
5,131

. $2,136,017 36

Liabilities.
Due depositors on 6,750 accounts, averaging $283.67 each
.
.
.
.
.
{Accounts opened during year, 937; closed, 760; increase, 177)
Surplus: —
a. Guaranty fund {^.96% o f deposits; increase during year, $1,571.61) .
b. Profit and loss {increase during year, $15,623.32) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$33,334 12
Less current expenses not charged off
.
.
.
.
1,802 12


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

$1,914,795 38

95,037 85
94,652 13

31,532 00

Total Liabilities .

. $2,136,017 36

BANK COMMISSIONER.

No.

169

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Am ount paid for
$2,705.05 $4,338.60 $1,000.00
Cost per $1,000 of assets
1.26
2 .0 3
.46
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$28.00
$709.30
$8,780.95
.01
.33
4 .0 9
2.37

Gross income received during the year, $97,104.39.

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 5.10 per cen t.): 5%, $954,840.50; 5}4% , $32,120; 6%, $94,430.
Personal loans (average rate, 4.89 per cent.): 4%, $2,000; 5%, $5,000; 6%, $1,150.
Bonds, stocks, etc. (average rate on amounts invested, 4.42 per cent.): 3V£%, $81,000; 4%, $534,700;
4Y2% , $148,700; 5%, $138,000; 6%, $28,000; 7%, $10,000; 10%, $600; 12%, $600; 14%, $2,500.
Number of loans not over $3,000 each, 369, amounting to $640,490.
16 real estate loans made during year, amounting to $48,650.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 8,902, amounting to

$35,252 45
35,536 96
380,111 48

Number of withdrawals during year, 6,276, amounting to

$450,900 89
390,436 49

N et increase in amount due depositors

$60,464 40

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$6,000 Boston 3}4s
6.000 Boston 4s
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
5.000 Palmer 4s
15.000 Kennebec, Me. (W. D.), V/>s
20.000 Kittery, Me. (W. D.), 5s

Public Funds, Notes.
$3,700 Hyde Park 4J^s

Railroad Bonds.
$10,000 Baltimore & Ohio 3J^s
29.000 Boston & Albany 5s

D ates

o f

E x a m in a t io n ,


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

«

Par Value.
$18,000 Boston & Lowell 4s
50.000 Boston & Maine 4tYs
10.000 C., B. & Q. 3J4s
20.000 C., B. & Q. 4s
31.000 Chic., Mil. & St. Paul 4p^s
30.000 Chic. & Northwestern 4s
10.000 Chicago, R. I. & Pacific 6s
25.000 Concord & Montreal 4s
10.000 Connecticut River 3p2S
3.000 Danbury & Norwalk 6s
10.000 Delaware & Hudson Co. 7s
20.000 Fitchburg 3p¿s
2.000 Fitchburg 4s
14.000 Fitchburg 4Hs
15.000 Fitchburg 6s notes
10.000 Illinois Central 3p£s
20.000 Illinois Central 4s
10.000 Lake Shore, Mich. South. 4s
10.000 Minn., St. P. & Sit. St. M. 4s
15.000 N. Y. C. & H. R. 4s
70.000 N. Y., N. H. & H. 4s
25.000 No. Maine Seaport 5s

April 29, 30.

Par Value.
$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 4J^s
20.000 Boston Elevated 5s
30.000 Boston & Northern 4s
9.000 Lynn & Boston 5s
15.000 Old Colony 4s
34.000 West End 4s
20.000 West End 5s

Bank Stocks.
Shs.
25 First Nl. Bk., Boston
6 Merchants Nl. Bk., Boston
31 Nl. Bk. of Commerce, Boston
6 Second Nl. Bk., Boston
14 First Nl. Bk., Newburyport

REPO RT OF THE

170

[Pub. Doc.

INSTITUTION FOR SAVINGS IN NEWBURYPORT AND ITS
VICINITY, NEWBURYPORT.
93 STATE STREET.
Incorporated January 31, 1820.
H en by

B .

L it t l e ,

W il l ia m

G eorge

Board of Trustees:

Number of corporators, 82; number of trustees, 23.

President.
F.

B alch ,

Treasurer.

Clerk of the Corporation.

L. D . C o l e , L. B. C u s h i n g , J. H. I r e l a n d , N . N.
H. B . L i t t l e , W . B. L i t t l e , J. E . M c C u s k e r ,
F. F. M o r r i l l , B. P. P. M o s e l e y ,
M o s e l e y , D . F. N o y e s , R . T . N o y e s , G. A . P h i l b r i c k ,
G. W . P i p e r , T . C . S i m p s o n , J. F. S p a u l d i n g , J. EL W h e e l e r , F. O. W o o d s .
W il l ia m

Jon es, L . N . K e n t, E .

Board of Investment:

H .

Auditing Committee: J.

B.

B alch ,

F.

R.

A v e r y ,

E . B u rk e,

H.
C. W .

L it t l e , E .

L it t l e , L .

B.

L it t l e ,

C u s h in g ,

F. F.

E . M cC u s k e r , W . B . L it t l e ,

J.

M o r r il l ,

G. W .

H . Irelan d , L .

P ip e r ,

N.

T.

C . S im p s o n .

K e n t.

Deposits draw interest from third Wednesday of January, April, July and October; dividends are
payable the fourth Wednesday of April and October. Business hours: 8.30 a . m . to 2 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
$2,594,575
2,165,950
135,000
229,320
35,001
1,319,073
1,489,800
20,000
130,801
104,141

Total Assets

.

.

.

CO

Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes .
.
.
.
.
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, $2,318.23) .
.
.
.
.
.
77 lpans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $35,000; assessed value, $35,000)
Real estate b y foreclosure, etc. (assessed value, $207,600) .
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
. . .

00
00
00
00
00
94
00
00
26
09
87

$8,227,781 16

.

Liabilities.
Due depositors on 13,148 accounts, averaging $573.85 each
{Accounts opened during year, 901; closed, 1,037; decrease, 136)
Surplus: —
a. Guaranty fund (4.97% of deposits; increase during year, none)
b. Profit and loss {decrease during year, $4,736.15)
Current income: —
Interest
.
.
.
.
.
.
.
.
.

.

$7,545,021 29

375,000 00
305,171 69
2,588 18

. $8,227,781 16

Total Liabilities .

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$21,691.58 $11,499.96
Cost per $1,000 of assets
2 .6 4
1.40
Cost per $1,000 of assets not including State tax and rent .

Advertising.

Other Expenses.
Total.
$1,107.82 $34,299.36
.13
4 .1 7
1.53

Gross income received during the year, $391,600.36.

Rates on Investments and Loans (Average on All, 4.70%).
Real estate loans (average rate, 4.76 per cent.): 4%, $105,500; 4)4% , $141,500; 4)4% , $203,750; 4M%>
$37,000; 5%, $809,733.94; 5)4% , $21,000; 6%, $590.
Personal loans (average rate, 4.73 per cent.): 4%, $53,000; 4 )4% , $200,000; 4)4% , $607,900; 4M%>
$180,000; 5%, $257,350; 5)4% , $25,000; 5)4% , $52,500; 6%, $101,050; 6)4% , $13,000.


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

171

BANK COMMISSIONER.

No. 8.]

Bonds, stocks, etc. (average rate on amounts invested, 4.67 per cent.): 3J^%, $40,650; 3 ^ % , $10,000;
3 % % , $35,750; 3% % , $5,000; 4%, $2,488,375; 4M % . $59,700; 4 A % , $1,218,600; 4M % , $20,000;
5%, $537,100; 5 % % , $40,000; 53^%, $85,000; 6%, $434,300; 7%, $26,320; 8%, $80,800; 10%,
$20,000; 12%, $52,000; 14%, $25,000.
Number of loans not over $3,000 each, 525, amounting to $492,348.94.
48 real estate loans made during year, amounting to $50,695.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 6,356, amounting to

$145,731 89
145,781 49
651,576 25

Number of withdrawals during year, 9,427, amounting to

$943,089 63
897,893 64

N et increase in amount due depositors

.

.

.

.

$45,195 99

.

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$1,000 Massachusetts 3As
165.000 Massachusetts 4s
1.000 Bristol County 4s
40.000 Akron, 0., 5J^s
25.000 Baltimore, Md.,4s
325.000 Boston 4s
16.000 Boston 4J4s
21.500 Brockton 4s
19.000 Brockton 4As
250 Cambridge 3A®
7,050 Cambridge 4s
40,600 Canton. 0., 5s
100.000 Chelsea 4s
3,300 Chicopee 4s
50.000 Cleveland, 0., 4J^s
25.000 Cleveland, 0., 5s
25.000 Dayton, 0., 4As
8.000 Dayton, 0., 5s
26.000 Decatur, 111., 4s
10.000 Dubuque, la., 4s
46.000 Duluth, Minn., 4J^s
15.000 Duluth, Minn., 5s
12.000 East Portland, Ore., 6s
2.000 Everett 4s
71.000 Fall River 4s
6.000 Fall River i% s
12.000 Fall River 4}^s
5.000 Gloucester 4s
21.500 Hamilton, 0., 5s
50.000 Holyoke 4s
15.000 Lawrence 4s
100.000 Los Angeles, Cal., 4s
67,250 Lowell 4s
18.000 Lynn 4s
3.000 Malden 4s
10.000 Marlborough 3^s
44.000 Milwaukee, Wis., 4b£s
20.000 Minneapolis, Minn., 4%s
50.000 Newark, N. J., 4.A?
48.000 New Bedford 4s
35,750 Newburyport 3^8
43.000 Newburyport 4s
85.000 Oakland, Cal., 5A&
135.000 Omaha, Neb., iYzS
10.000 Portland, Ore., 5s
47.500 Portland, Ore., 6s
10.000 Saginaw, Mich., 4s
D ates

of

E x a m in a t io n ,


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

Par Value.
$6,000 Salem 4s
20.000 San Francisco, Cal., 5s
50.000 Seattle, Wash., 4b£s
57.000 Seattle, Wash., 5s
15.000 Sioux City, la., 4J^s
50.000 Somerville 4s
5.000 Spokane, Wash., 4A&
6.000 Stamford, Conn., 4)^s
6.000 Taunton 4 A b
50.000 Toledo, 0., 4^s
15,600 Troy, N. Y., 4A&
30.000 Woonsocket, R. I., 4J^s
9.000 Worcester 4s
12.000 Youngstown, 0., 5s
18.000 Amherst 4s
5.000 Arlington 4s
45.000 Cranston, R. I., 4s
50.000 Eden, Me., 4s
22.000 North Attleborough 4s
11.000 Revere 4s
18.000 Rumford, Me., 4s
9.000 Sharon 4A s
20.000 Warwick, R. I., 4As
15.000 Gardiner, Me. (W. D.), 4s
1.000 Mansfield (W. D.) 4s

Public Funds, Notes.
$25,000 Amesbury 3b£s
1.000 Attleborough 4s
3.000 Carver 4s
13,680 Essex 4s
5.000 Hull 4s
20.000 Lexington 4s
6.000 Maynard 4As
6,400 Merrimac 3As
3.000 Norfolk 3p£s
21.000 Norwood 4s
37,700 Norwood 4.14,5
5.000 Rockland 3A s
5.000 Shrewsbury 3A s
1,500 Stoughton 4s
1.000 Wellesley 4s
4,995 Winthrop 4s

Railroad Bonds.
$35,000 Allegheney Valley 4s
80.000 Boston & Albany 4s
34.000 Boston & Albany 5s
August 16-18 inclusive.

Par Value.
$345,000 Boston & Maine 4As
45.000 Boston, R. B. & Lynn 4As
48,200 Burl. & Missouri River 6s
60.000 Chicago, Burl. & Quincy 4s
. 50,000 Chic., Mil. & St. Paul 4As
40.000 Chic., Mil. & St. Paul 5s
125.000 Chicago & Northwest. 4s
59.000 Chicago & Northwest. 5s
186.000 Chicago & Northwest. 6s
15.000 Dexter & Piscataquis 4s
134.000 Fitchburg 4s
25.000 Fitchburg 4As
50.000 Fitchburg 5s
45.000 Fre., Elk. & Missouri V. 6s
12.000 Housatonic 5s
25.000 Illinois Central 4s
30.000 Louisville & Nashville 5s
65.000 Louisville & Nashville 6s
39.000 Me. Cent. & E. & N. A. 4s
50.000 Michigan Central 4s
17.000 M., St. Paul & Sit. St. M. 5s
25.000 N. Y. C. & H. R. 4As
25.000 N. Y., Lack. & Western 6s
225.000 N. Y., N. H. & H. 4s
13,500 Norwich & Worcester 4s
9,000 Old Colony 4s
140.000 Penobscot Shore Line 4s
25.000 Portland & Ogdensburg 4As
10.000 Ports., Gt. Falls & Con. 4As
41.000 Rome, Water. & Ogdens. 5s
25.000 Upper Coos 4s
20.000 Wore., Nashua & Roch. 4s

Bank Stocks.
Shs.
100 Commonwealth Tr. Co., Boston
250 First Nl. Bk., Boston
200 Merchants Nl. Bk., 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
20 Gloucester Nl. Bk.
56
First Nl. Bk., Newburyport
1,226 Merchants Nl. Bk. Newb’p’t
112 Ocean Nl. Bk., Newburyport
I
18 Warren Nl. Bk., Peabody

[Pub. Doc.

REPORT OF THE

172

INSTITUTION FOR SAVINGS IN ROXBURY AND ITS
VICINITY, BOSTON.
2343 WASHINGTON STREET.
Incorporated February 22, 1825.

C h ar le s G . Sm it h ,

Number of corporators, 39; number of trustees, 18.

President.

H

A r t h u r B . J o s l in ,

enry

W

est,

Treasurer.

Clerk of the Corporation.

Board of Trustees: H o r a c e B a c o n , S. M . B o l s t e r , W il f r e d B o l s t e r , A . M . B u l l a r d , W . D . C o t ­
t o n , E . U. C u r t i s , N e l s o n C u r t i s , W . A . G a s t o n , J o s e p h M o r r i l l , H u g h N a w n , H . A . R u e t e r ,
F r e d S e a v e r , C . G . S m i t h , S. L. T r e a d w e l l , F . S. W a t e r m a n , H e n r y W e s t , E . B . W i l d e r ,
J. D . W i l l i a m s .
Board of Investment: C. G. S m i t h , J. D . W

il l ia m s ,

E . U. C u r t i s , J o s e p h M

Auditing Committee: N e l s o n C u r t i s , A . M . B u l l a r d , E . B . W

ild e r ,

W.

o r r il l .

D . C otto n .

Deposits draw interest from third Wednesday of January, April, July and October; dividends are pay­
able the Thursday following the third W ednesday of April and October. Business hours: 9 a .m .
to 3 p .m .; Saturdays, 9 a . m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
848 loans on real estate (average of each, $4^68.10) .
Less amount due on uncompleted loans .
.
.

.
.
.

.
.
.

.
.
.

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

.
.
.
.
. '

.
.
.
.

.

$1,015,000
5,937,954
763,985
150,000
252,143
27,101

00
50
00
00
75
00

3,644,790
1,764,800
150,000
374,762
29,387

00
00
00

$3,645,390 00
600 00

47 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $150,000; assessed value, $182,000)
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.
.
.

.

.

.

.

86

58

. $14,109,924 69

Liabilities.
Due depositors on 30,000 accounts, averaging $442.94 each
(Accounts opened during year, 3,801; closed, 3,74%; increase, 59)
Surplus: —
a. Guaranty fund 14.97% °J deposits; increase during year, 817,500)
b. Profit and loss (increase during year, $8,926.62) .
.
Current incom e: —
Interest
.
.
.
.
.
.
Internal revenue account
.
.
.
.
.
.
.
.


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

Total Liabilities .

. $13,288,240 53

660,000 0 0
155,188 50
6,435 6 6
60 0 0

. $14,109,924 69

BANK COM M ISSIONER.

No. 8.'

173

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$42,371.36 $22,402.75 $4,500.00
~
$5,200.31
$74,4/4.42
Cost per $1,000 of assets
3.00
1.59
.32
.37
5.28
Cost per $1,000 of assets not including State tax and r e n t .....................................................
1-96
Gross income received during the year, $593,560.86.

Rates on Investments and Loans (Average on All, 4.35%).
Real estate loans (average rate, 4.82 per cent.): 3 % % , $36,000; 4%, $207,750; 4>4 %, $66,000; 4J^%,
$710,550; 4M % , $51,500; 5%, $2,542,190; 5 ^ % - $20,100; 6 %, $10,700.
Personal loans (average rate, 4.57 per cen t.): 4)^% , $125,000; 4% % , $75,000; 4)-^%, $1,118,900, 1 ) 3%,
$225,000; 4M % , $80,400; 5%, $100,000; 6 %, $40,500.
Bonds, stocks, etc. (average rate on amounts invested, 4.10 per cen t.): 3%, $100,000; 3}^% , $2,147,000;
4%, $4,099,000; 4M % . $50,000; 4 V2%, $1,555,000; 5%, $245,000; 6 %, $78,000; 8 %, $4,300;
10%, $17,300; 12%, $5,500.
Number of loans not over $3,000 each, 489, amounting to $933,605.
94 real estate loans made during year, amounting to $443,850.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915,2%
Number of deposits during year, 36,841, amounting to

$247,820 23
251,172 39
2,262,302 6 6

Number of withdrawals during year, 34,829, amounting to

$2,761,295 28
2,450,558 44

Net increase in amount due depositors

$310,736 84

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$60,000 Massachusetts 4s
100.000 Boston 3p£s
506.000 Boston 4s
6,500 Holyoke 4s
25.000 Indianapolis, Ind., 4s
37,500 Lynn 4s
38.000 New Bedford 4s
50.000 Rutland, Vt., 4s
25.000 Waterbury, Ct., 4s
30.000 Worcester 4s
45.000 Arlington 4s
29.000 Billerica 4s
18.000 Reading 4s
45.000 Winchester 4s

Railroad Bonds.
$175,000 Boston & Albany 3}^s
309.000 Boston & Albany 4s
70.000 Boston & Albany 5s
45.000 Boston & Lowell 4s
100.000 Boston & Lowell 4p£s
372.000 Boston & Maine 3)^s
340.000 Boston & Maine 4s
210.000 Boston & Maine 4J^s
D

a t e s op

E x a m in a t io n ,


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

Par Value.
Par Value.
$75,000 Northern Pacific 4}^s
$25,000 Boston & Prov. 4s
25.000 Norwich & Worcester 4s
420.000 C., B. & Q. 3J^s
135.000 Old Colony 4s
357.000 C., B. & Q. 4s
350.000 Pennsylvania 4p£s
400.000 Chic., Mil. & St. Paul 4^s
50.000 Portland Terminal Co. 4s
150.000 Chic., Mil. & St. Paul 5s
25.000 Providence Terminal Co. 4s
50.000 Chic. & Northwest. 3)^s
25.000 Sullivan Co. 4s
150.000 Chic. & Northwest. 4s
10.000 Washington Co. 3}^s
85.000 Concord & Montreal 4s
50.000 Worcester, Nash. & R. 4s
25.000 Danbury & Norwalk 5s
100.000 Delaware & Hudson 4s
50.000 Fitchburg 3Hs
Street Railway Bonds.
215.000 Fitchburg 4s
$80,000 Boston Elevated 4s
100.000 Fitchburg 4p^s
250.000 Boston Elevated 4p£s
78.000 Fitchburg 6s notes
67.000 Boston & Northern 4s
50.000 Gt. Northern 4J4s
150.000 Springfield 4s
100.000 Illinois Central 3s
206.000
West End 4s
370.000 Illinois Central 3Jdis
20.000 West End 4Jdis
25.000 Louisville & Nashville 4s
50.000 Manchester & Law. 4s
Bank Stocks.
20.000 Michigan Central 3p£s
25.000 Mich. Cen.-Jol. & No.Ind. 4s Shs.
33
Fourth-Atlantic
Nl. Bk., Boston
100.000 N. Y. C. & H. R. 3J^s
15 Nl. Bk. of Commerce, Boston
50.000 N. Y. C. & H. R. 4s
173 Nl. Rockland Bk., Boston
50.000 N. Y. C. & H. R. 4Ms
55 Second Nl. Bk., Boston
330.000 N. Y., N. H. & H. ZV2s
10 Webster & Atlas Nl. Bk., Boston
320.000 N. Y „ N. H. & H. 4s
M ay 1 0 -1 2 inclusive.

[Pub. Doc.

REPO RT OF THE

174

IPSWICH SAVINGS BANK, IPSWICH.
SOUTH MAIN STREET.
Incorporated M arch 20, 1869.
T

h om as

H. L o r d , President.
John

Number of corporators, 21; number of trustees, 14.

*
G e o r g e E . F a r l e y , Treasurer.
A . B l a k e , Clerk of the Corporation.

Board of Trustees: J. A . B l a k e , A . S. B r o w n , G . B . B r o w n , A. C. D a m o n , G . E . F a r l e y , C. E . G o o d h u e , F . T. G o o d h u e , G . H . G r e e n , T . H . L o r d , D . S. P e r l e y , G e o r g e P r e s c o t t , D a n i e l S a f f o r d , G . E . S a f f o r d , H. M . S a y w a r d .
Board of Investment: T . H. L o r d , J. A. B l a k e , G. H. G r e e n , G. B. B r o w n , C. E . G o o d h u e .
Auditing Committee: J. A . B l a k e , D a n i e l S a f f o r d , F. T . G o o d h u e .
Deposits draw interest from fourth Wednesday of January, April, July and October; dividends are
payable the fourth Wednesday of January and July. Business hours: 8.30 a . m . to 12.30 p . m .;
also Saturdays, 3 to 5 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
231 loans on real estate {average of each, $2,174-85) .
.
8 loans on personal security
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $18,626) .
Taxes, insurance, etc., paid on mortgaged properties
.
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.

.

.
.

.
.
.
.

.
.
.

.
.

.

Total Assets

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

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

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

$126,200
267,513
25,259
19,208
15,301
502,391
15,567
2,700
21,332
89
41,227
9,918

00
75
00
13
00
43
00
00
13
28
82
93

. $1,046,708 47

Liabilities.
Due depositors on 3,173 accounts, averaging $303.26 each
(Accounts opened during year, 388; closed, 387; increase, 1)
Surplus: —
a. Guaranty fund {5.20% of deposits; increase during year, none)
b. Profit and loss {increase during year, 82,433.68)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.


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

Total Liabilities .

$962,258 00
50,002 33
26,775 01
$8,842 12
1,168 99
----------------

7,673 13

. $1,046,708 47

BANK COMMISSIONER.

No. 8.]

175

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Am ount paid for
$1,713.08 $2,368.00
$650.00
Cost per $1,000 of assets
1.64
2 .2 6
.62
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$124.80
$1,142.62
$5,998.50
.12
1.09
5.73
3.47

Gross income received during the year, $47,938.49.

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5.54 per cent.): 5%, $223,777; 5M%> $497.30; 5J^%, $8,350; 6 %,
$269,767.13.
Personal loans (average rate, 5.97 per cent.): 5%, $467; 6 %, $15,100.
Bonds, stocks, etc. (average rate on amounts invested, 4.01 per cent.): 3%, $21,000; 3 j/j% , $185,000;
4%, $195,000; t y 2%, $46,000; 5%, $10,000; 6 %, $3,400; 8 %, $6,100.
Number of loans not over $3,000 each, 186, amounting to $213,371.43.
5 real estate loans made during year, amounting to $9,100.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 2,438, amounting to
.

.
.
. . .
.
.

Number of withdrawals during year, 2,289, amounting to
N et decrease in amount due depositors

.

.

.

.
.

.

.
.
.

.

.
.

.
.

.

.

.

.

$18,056 01
18,056 64
161,445 24

.

$197,557 89
229,365 33

.

$31,807 44

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Barre, Vt., 3Ks
10.000 Boston 4s
20.000 Chelsea 3y2s
10.000 Chelsea 4s
5.000 Dubuque, la., 3b£s
10.000 Los Angeles, Cal., i y 2s
10.000 New Bedford 4s
8.000 Salem 4s
15.000 Dedham Zy>s
6.000 North Attleborough 4s
4.000 Peabody 3J^s
14.000 Br. & T „ Me. (W. D.), 4s

Public Funds, Notes.
$5,000 Ipswich 4s

D ates

of

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$15,000 Baltimore & Ohio 3J^s
10.000 Benning. & Rutland 4)^s
10.000 Boston & Albany 4s
2.000 Boston & Lowell 4s
20.000 Boston & Maine 4)^s
5.000 Boyer Valley 3 y s
47.000 C., B. & Q. 3V2s
5.000 C., B. & Q. 4s
15.000 Concord & Montreal 4s
6.000 Fitchburg 4s
21.000 Illinois Central 3s
30.000 Illinois Central 3J^s
5.000 Minnesota & Iowa 3b¿s
10.000 N. Y., N. H. & H. zy2s
33.000 N. Y., N. H. & H. 4s
20.000 Old Colony 4s
19.000 Peoria & Northwest. 3J^s
5.000 Portland Terminal Co. 4s

June 14-16 inclusive.

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 4s
6.000 Boston Elevated 4)^s
5.000 Boston Elevated 5s
5.000 West End 4s

Bank Stocks.
Shs.
8 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.

REPO RT OF THE

176

[Pub. Doc.

LAWRENCE SAVINGS BANK, LAWRENCE.
255 ESSEX STREET.
Incorporated March 10, 1868.

D a n ie l Sa u n d e r s ,

Number of corporators, 29; number of trustees, 14.

President.
N

L e w is A . F o y e ,
ew ton

P. Frye,

Treasurer.

Clerk of the Corporation.

Board of Trustees: L. A . F o y e , N. P . F r y e , L. G. H o l t , J. S. H o w e , C. H . K i t c h i n , J. A . M a c d o n a l d ,
A . E . M a c k , A . D . M a r b l e , W . T. M cA l p i n e , J. I. M i l l i k e n , J. A . P e r k i n s , W . E . P h i l b r i c k ,
R . E . P r e sc o t t , D a n ie l Sa u n d e r s .
Board of Investment:

D a n i e l Sa u n d e r s ,

J. I. M

Auditing Committee: R . A . P r e s c o t t , A . D . M

il l ik e n ,

arble,

A.

E . M a c k , L. G. H o l t , W . T. M cA l p i n e .

J. A . M a c d o n a l d .

Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a .m . to 1 p . m .; also Saturdays, 2 to 4 and 7 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
t
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
924 loans on real estate (average of each, $3,735.78) .
.
.
.
.
.
75 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures {estimated value, $105,000; assessed value, $71,700)
Real estate b y foreclosure, etc. (assessed value, $15,150) .
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.
.
.
.
.
.

.
.
.
.

.

$310,725
571,168
44,718
10,800
3,451,810
1,276,837
104,897
10,134
96,240
13,417

00
75
75
00
00
00
30
53
95
62

$5,890,749 90

Liabilities.
Due depositors on 12,902 accounts, averaging $415.09 each
.
.
.
.
.
$5,355,467 02
(.Accounts opened during year, 2,605; closed, 2,4-06; increase, 199)
Surplus: —
a. Guaranty fund (5.01 % o f deposits; increase during year, $9,994)
■
■
•
268,180 00
b. Profit and loss {increase during year, $29,116.61) .
.
.
.
.
.
149,872 91
Current incom e: —
a. Interest .
.
.
.
.
.
.
$119,234 93
b. R ent
.
.
.
.
.
.
.
415 27
----------------------$119,650 20
Less current expenses not charged off
.
.
••
.
.
4,925 61
114,724 59
427 05
Unearned discount
2,078 33
Due on foreclosure saje


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

Total Liabilities .

. $5,890,749 90

177

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$9,145.52 $8,793.00 $3,600.00
Cost per $1,000 of assets
1.55
1.49
.61
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$65.90
$2,792.88 $24,397.30
.01
.47
4 .1 3
1.97

Gross income received during the year, $276,639.60.

Rates on Investments and Loans (Average on All, 4.80%).
Real estate loans (average rate, 4.96 per cent.): 4%, $48,000; 4 ^ % , $240,000; 5%, $3,122,095; 5J^%,
$6,300; 5 ^ % , $21,750; 6 %, $13,665.
Personal loans (average rate, 4.73 per cent.): 4}^% , $175,000; 4J^%, $25,000; 4 p2 % t $706,000 ; 4% % ,
$25,000; 4 % % , $55,000; 5%, $87,060; 5 A % , $45,405; 5 % % , $25,000; 6 %, $108,372; 6 Ji% .
$25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3%, $70,000; 3 A % , $241,000;
4%, $250,000; 4 A % , $139,500; 5%, $206,000; 5M % . $1,700; 6 %, $40,000; 8 %, $8,300; 10%,
$2,500.

Number of loans not over $3,000 each, 582, amounting to $961,942.
122 real estate loans made during year, amounting to $370,190.

Dividends, Deposits and Withdrawals.
$98,424 33
100,615 79
1,190,270 74

Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 21,614, amounting to

$1,389,310 8 6
1,246,639 09

Number of withdrawals during year, 14,556, amounting to

$142,671 77

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Notes.

Public Funds, Bonds.

Par Value.
$5,000 Methuen 4s
1,500 Methuen 4 A b .
• 1,700 Methuen 5Ms

Par Value.
$5,000 Massachusetts 3A b
15.000 Belfast, Me., 4s
5.000 Bridgeport, Ct., 4s
5.000 Chicago, 111., 4s
25.000 Cleveland, 0., 5s
20.000 Fort Wayne, Ind., 3J^s
15.000 Lawrence 4s
2.000 Los Angeles, Cal., 4 A b
25.000 Minneapolis, Minn., 4s
10.000 New Britain, Ct., 4s
5.000 New London, Ct., 4s
21.000 Oakland, Cal., 4A&
25.000 Portland, Ore., 4s
25.000 Portland, Ore., 4As
35.000 Portland, Ore., 6s
5.000 Quincy 4s
14.000 San Francisco, Cal., 5s
17.000 Seattle, Wash., 5s
20.000 Terre Haute, Ind., 4s
10.000 Attleboro 3J^s

D

ates

of

E x a m in a t io n


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

Railroad Bonds.
$25,000 Bangor & Aroostook 5s
15.000 Boston & Albany 3J^s
20.000 Boston & Maine 3A b
10.000 Boston & Maine 4s
35.000 Boston & Maine 4Aa
40.000 C., B. & Q. zy2s
35.000 C., B. & Q. 4s
25.000 Chic., Mil. & St. Paul 4A s
25.000 Chic., Mil. & St. Paul 5s
26.000 Cleveland & Pitts. 3J^s
10.000 Concord & Montreal 4s
15.000 Connecticut River 3b£s
10.000 Erie & Pitts. 3Aa

and

A u d it ,

Par Value.
$10,000 Fitchburg 3 A b
5.000 Fitchburg 4s
70.000 Illinois Central 3s
25.000 Louisville & Nashville 5s
5.000 M. Cent. & E. & N. A. 4s
75.000 Minn., St. P. & Sit. Ste. M. 5s
25.000 N. Y., N. H. & H. 3^s
25.000 Pennsylvania 4A s
5.000 Pensacola & Atlantic 6s
25.000 Peoria & Northwest. 33^s
5.000 Ports., G. F. & C. 4 A b
20.000 Princeton & Northwest. 2As

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

December 13-18 inclusive.

178

REPORT OF THE

[Pub. Doc.

LEE SAVINGS BANK, LEE.
MAIN STREET.
Incorporated March 5, 1852.
B ennett

Number of corporators, 34; number of trustees, 11.

T. G a l e , President.
John

E dward

S. R o g e r s , Treasurer.

L. K i l b o n , Clerk of the Corporation.

Board of Trustees: W . C. B e n t o n , B. T . G a l e , C. E. H i b b a r d , J. L. K i l b o n , T h o m a s N o r t o n ,
J. A. R i c e , M . T . R o b b i n s , E. S. R o g e r s , C. H. S h a y l o r , A. C. S p a r k s , A. T. T r e a d w a y .
Board of Investment: B. T. G a l e , C. H. S h a y l o r , T h o m a s N o r t o n .
Auditing Committee: B. T. G a l e , W . C. B e n t o n , A. C . S p a r k s .
Deposits draw interest from first day of March, June, September and December; dividends are pay­
able June 1 and December 1. Business hours: 9 a . m . to 3 p .m .; Saturdays, 9 a .m . to 12.30 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
353 loans on real estate (average of each, $2,247.09)
6 8 loans on personal security
Bank building and fixtures (estimated value, $19,000, assessed value, $9,600)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.

$120,950
478,868
87,450
28,130
115,660
1,350
793,222
161,831
16,500
60,667
2,967

Total Assets

00
75
00
00
00
00
96
77
00
92
30

. $1,867,598 70

Liabilities.
Due depositors on 3,890 accounts, averaging $435.01 each
{Accounts opened during year, 490; closed, 418; increase, 72)
Surplus: —
a. Guaranty fund {4.96% of deposits; increase during year, $2,500)
b. Profit and loss {increase during year, $9,526.25)
Current incom e: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.
.
.
.

Total Liabilities .

.

.

$1,692,200 34

84,000 00
65,125 6 6
$25,920 39
352 31
-----------------

.

.

.

26,272 70

$1,867,598 70

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$3,350.67
$3,809.96
$800.00
Cost per $1,000 of assets
1.79
2 .0 4
.43
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $84,523.73.


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

Advertising. Other Expenses.
Total.
$121.92
$923.17
$9,005.72
.07
.49
4 .8 2
2 .6 0

No. 8

BANK COMMISSIONER.

179

Bates on Investments and Loans (Average on All, 4.84%).
Real estate loans (average rate, 5.07 per cent.): 4J^%, $75,000; 5%, $609,692.25; 5J^%, $24,250; 6%,
$84,280.71.
Personal loans (average rate, 5.19 per cent.): 5%, $115,335.29; 5%%, $1,500; 5 H % , $19,400; 6%,
$24,725.
Bonds, stocks, etc. (average rate on amounts invested, 4.54 per cent.): 3)^% , $125,000; 4%, $398,500;
4M % , $6,250; 4 ^ % , $2,500; 4 ^ % , $81,700; 5%, $100,000; 6%,"$23,400; 7%, $19,100; 8%,
$25,300; 10%, $22,200; 12%, $1,500; 16%, $4,000; 20%, $3,300.

Number of loans not over $3,000 each, 341, amounting to $337,422.73.
61 real estate loans made during year, amounting to $95,075.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2 %
Number of deposits during year, 3,373, amounting to
.

.

Number of withdrawals during year, 2,895, amounting to
Net increase in amount due depositors

.

.

.

.
.
.
.
.
$31,635 86
.......................................... 32,181 70
.
.
.
268,395 88

.
.

.
.

.
.

.
.

.

$332,213 44
276,315 60

.

$55,897 84

SCHEDULE OF SEC U RITIE S OW NED.

Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3
5.000 Boston 4s
10.000 Chicago, 111., 4s
5.000 Cleveland, 0., 5s
5.000 Lawrence 4s
10.000 Los Angeles, Cal., 4p^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.
$15,000 Lee 4s
2.500 Lee 4<^(,s
15.000 Lee 4J^s
■ 1,900 Otis 4^s
4,800 Tyringham 4p£s
6,250 Lee (F. D.) 4L£s

Railroad Bonds.
$10,000 Bangor & Aroostook 5s
10.000 Baltimore & Ohio 3J^s
10.000 Beech Creek 4s
10.000 Boston & Albany 3J^s
10.000 Boston & Albany 4s
5,000 Boston & Albany 5s
10.000 Boston & Lowell 4)^s
10.000 Boston & Maine 4s
15.000 Boston & Maine 4}^s

D ates

of

E x a m in a t io n ,


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

Par Value.
$20,000 C., B. & Q. 3V2s
35.000 C., B. & Q. 4s
5.000 Chic., Mil. & St. Paul 4)^s
10.000 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 3J^s
10.000 Fitchburg 4s
5.000 Fitchburg 4)^s
40.000 Illinois Central 3J^s
25.000 Illinois Central 4s
10.000 Louisville & Nashville 4s
5.000 Louisville & Nashville 6s
15.000 Mil., L. S. & W. 5s
10.000 N. Y. C. & H. 3V2s
10.000 N. Y., Lack. & West. 6s
10.000 N. Y., N. H. & H. 3J^s
40.000 N. Y „ N. H. & II. 4s
20.000 No. Maine Seaport 5s
5.000 No. Pacific 4p£s
25.000 Old Colony 4s
10.000 Providence Terminal Co. 4s
10.000 Sioux City & Pacific 3p2S
15.000 Western Pennsylvania 4s

Street Railway Bonds.
$20,000 Boston Elevated 4s
5.000 Boston Elevated 4)^s
10.000 Boston & Northern 4s
5.000 Holyoke 5s
15.000 Hoosac Valley 4s

December 6, 7.

Par Value.
$10,000 Lynn & Boston 5s
5.000 Old Colony 4s
10,000 West End 4s
5.000 West End 5s
5.000 Worcester Consol. 4p2S

Bank Stocks.
Shs.
40 First Nl. Bk., Amherst
5 American Trust Co., Boston
15 Fourth-Atlantic Nl. Bk., Boston
40 First Nl. Bk., Boston
20 Merchants Nl. Bk., Boston
60 Nl. Bk. of Commerce, Boston
30 Nl. Bk. of the Republic, Boston
39 Nl. Shawmut Bk., Boston
12 Nl. Union Bk., Boston
26 Old Colony Trust Co., Boston
50 Second Nl. Bk., Boston
40 Webster & Atlas Nl. Bk., Boston
10 Nl. Mahaiwe Bk., Gt. Barrington
101 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
30 Merchants Nl. Bk., Worcester

180

REPORT OF THE

[Pub. Doc,

LEICESTER SAVINGS BANK, LEICESTER.
MAIN STREET.
Incorporated April 17, 1869.

Number of corporators, 46; number of trustees, 12.

A lonzo B. D av id so n , President.
H arold C. M urdock , Treasurer.
A l e x a n d e r M c N e is h , Clerk of the Corporation.

Board of Trustees: G. O. C u r r ie r , A . B. D av id so n , A. F. E stabrook , B. A. G ib so n , A le x a n d e r
M c N e is h , C. T . M u n ro e , C. E . P e r r y , W . E . S prag ue , E dw ard W a r r e n , S. G . W a r r e n ,
W alter W a r r e n , W . C. W a tson .
Board of Investment: A . B . D a v id so n , W . C. W a tso n , C. T . M u n r o e , W . E. Sp ra g u e , A . F. E sta ­
br o o k , B. A . G ib so n , S. G . W a r r e n .
Auditing Committee: W . C. W a tso n , C . E . P e r r y , W alter W a r r e n .
Deposits draw interest from first day of March, June, September and December; dividends are p a y­
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 30, 1915.
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
.
.
. . .
.
.
.
254 loans on real estate {average of each, $1,909.31) .
.
.
.
.
.
.
5 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $9,000; assessed value, $5,500)
.
.
Real estate b y foreclosure, etc. (assessed value, $2,600)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash ............................................................................................... ....................................................

Total Assets

.

.

$88,000 00
191,975 00
41,120 00
16,033 75
7,625 00
1,556 00
484,966 00
40,750 00
7,000 0 0
2,523 78
9,123 11
2,847 95

.

.

.

$893,520 59

Due depositors on 1,778 accounts, averaging $466.75 each
.
.
.
{Accounts opened during year, 190; closed, 125; increase, 65)
Surplus: —
a. Guaranty fund {4.91% of deposits; increase during year, $614-26)
b. Profit and loss {increase during year, $2,047.22)
.
.
Current income: —
а. Interest .
.
.
.
.
.
.
$17,923 09
б . Rent
.
.
.
.
.
.
.
95 50
----------------------Less current expenses not charged off
.
.
.
.

.

.

$829,889 63

Liabilities.


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

40,794 95
5,945 98

$18,018 59
1,128 56
16,890 03

Total Liabilities .

.

.

.

.

$893,520 59

No. 8.

181

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$1,515.85 $1,441.00
$400.00
Cost per $1,000 of assets
1.70
1.61
.45
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$178.76
$696.73
$4,232.34
.20
.78
4 .7 4
..........................................
2 .5 9

Gross income received during the year, $40,006.17.

Rates on Investments and Loans (Average on All, 4.66%).
Real estate loans (average rate, 5.12 per cent.): 5%, $412,824; 5J/£%, $26,483; 6 %, $45,659.
Personal loans (average race, 5.14 per cent.): 5%, $30,000; 5J^%, $10,000; 6 % , $750.
Bonds, stocks, etc. (average rate on amounts invested, 3.97 per cent.): 3%, $5,000; S}4% , $126,000;
4%, $174,000; 5%, $36,000; 8 % , $5,300.
Number of loans not over $3,000 each, 217, amounting to $263,429.
25 real estate loans made during year, amounting to $47,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared dining year: D ec., 1914, 2%
June, 1915, 2 %
Number of deposits during year, 936, amounting to
.

Number of withdrawals during year, 909, amounting to
Net increase in amount due depositors

.

.

.

.
.

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

.
.

.
.

.
.

.
.

$15,766 25
15,888 23
83,171 08

.
.

$114,825 56
87,957 84
$26,867 72

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Brockton 4s
5.000 Fall River 4s
15.000 Middletown, Ct., 3hlJs
24.000 New Bedford 4s
10.000 Saginaw, Mich., 4s
1.000 Clinton 4s
5.000 No. Attleborough 4s
10.000 Westborough 3J^s
10.000 Kennebec, Me. (W. D.), 3J^s
3.000 Leicester (W. D.) 4s

Railroad Bonds.

Par Value.
$33,000 Boston & Maine 4s
5.000 Boston & Providence 4s
15.000 Boyer Valley 3b£s
20.000 C., B. & Q. 3^s
5.000 C., B. & Q. 4s
3.000 Erie & Pittsburgh 3>i>s
5.000 Illinois Central 3s
30.000 Illinois Central 3h£s
15.000 N. Y., N. H. & H. 3b&
14.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
5.000 Old Colony 4s
5.000 Upper Coos 4s

$10,000 Bangor & Aroostook 5s
8.000 Boston & Albany 3has
D ates o r E x a m in a t io n , April 30, M ay 1.


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

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
15 Webster & Atlas Nl. Bk., Boston
3 Millbury Nl. Bk.
25 Merchants Nl. Bk., Worcester

182

REPORT OF THE

[Pub. Doc,

LENOX SAVINGS BANK, LENOX.
WALKER STREET.
Incorporated April 4, 1890.

Number of corporators, 27; number of trustees, 13.

F r an k L. G ilm or e , President.
C harles M . S e a rs , Treasurer.
M u r r ay A . B r o w n , Clerk of the Corporation.

Board of Trustees: F. J. B arr ett , H . A. B e ld en , G. F. B ou rn e , M . A . B r o w n , W . G. C lifford ,
W . D . C ur tis , F. L. G ilm ore , W illiam M a iia n n a , E dw ard M cD onald , G. A. M o le , L. C.
P e te r s , H e n r y S e d g w ic k , M . R . Se d g w ic k .
Board of Investment: F. L. G ilm or e , W . D . C u r t is , H e n r y S e d g w ic k , H . A. B e l d e n , G. F. B o u rn e .
Auditing Committee: F. J. B a rr e tt , L. C. P e te r s , G. F. B ou rn e .
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 30, 19X5.
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
.
145 loans on real estate {average of each, $3,431.54) .
Less amount due on uncompleted loans .
.
.

.

.

.
.

.

.
.
.
.

.
.

.
.
.

.

.
.
.
.
.

.
.
.
.
.
.
$499,573 59
2,000 00

.
.

.

.

.
.
.
.

.

.

.

.
.

14 loans on personal security
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.

Total Assets

.

.

$28,424
225,799
59,711
12,703
63,620
930

00
00
00
00
00
00

497,573
47,780
3,372
871

59
00
10
44

.

.

.

$340,784 13

Due depositors on 2,095 accounts, averaging $430.49 each
.
.
.
(Accounts opened during year, 314; closed, 2 1 4 ; increase, 100)
Surplus: —
a. Guaranty fund (2.73% of deposits; increase during year, $2,122)
h. Profit and loss<(increase during year, $1,307.24)
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

.

$901,877 05

.

.

24,623 81
7,387 27

Liabilities.


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

$7,897 26
1,001 26
6,896 00

Total Liabilities .

.

.

.

.

$940,784 13

BANK COMMISSIONER.

No. 8.]

183

Total Expenses for the Year, including State Taxes.
State Tax (Netl. Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$1,831.86
$1,787.04
$200.00
$32.05
$664.85
$4,515.80
Cost per $1,000 of assets
1.94
1.89
.21
—
.76
4 .8 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .65
Gross income received during the year, $40,422.94.

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 5.12 per cent.): 4)^% , $39,426.90; 5%, $371,066.69; 5)^% , $11,100;
6 %, $75,980.
Personal loans (average rate, 5.13 per cent.); 4J^%, $900; 4 ^ % , $10,000; 5%, $27,380; 6 %, $9,500.
Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cent.): 3)^% , $92,000; 4%, $131,000;
4 M % , $25,000; 5%, $80,000; 6 %, $6,000; 7%, $9,100; 8 %, $12,900; 10%, $10,900; 20%, $2,000.
Number of loans not over $3,000 each, 98, amounting to $140,170.69.
32 real estate loans made during year, amounting to $117,118.88.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 2,704, amounting to
.

.

Number of withdrawals during year, 1,444, amounting to
N et increase in amount due depositors

.

.

.

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

.
.

.
.

.
.

.
.

.
.

$15,891 25
16,367 22
188,190 02
$220,448 49
144,179 42
$76,269 07

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$16,000 Boston 4s
1.000 Walpole 4s
5.000 Kittery, Me. (W. D.), 5s
5.000 Van Buren, Me. (W. D.), 4s

Railroad Bonds.
$36,000 Bangor & Aroostook 5s
10.000 Boston & Albany 4s
20.000 Boston & Maine 4}^s
10.000 C., B. & Q. 3Y2b
10.000 C., B. & Q. 4s

Par Value.
$15,000 Chic. & Northwestern 4s
62.000 Illinois Central 3J^s
15.000 N. Y., N. H. & H. 3Y2b
20.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
5,000 Washington Co. 3}4s

Street Railway Bonds.
$5,000 Boston Elevated 4s
5.000 Boston Elevated 4}^s
30.000 Boston & Northern 4s
17.000 Citizens’ Electric 5s
5.000 Old Colony 4s

D ates of E xam in a tio n and A ud it , March 15-19.


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

Bank Stocks.
Shs.
57 Lee Nl. Bk.
80 Lencx Nl. Bk.
60 North Adams Nl. Bk.
15 Palmer Nl. Bk.
20 Agricultural Nl. Bk., Pittsfield
19 Pittsfield Nl. Bk.
10 Chapin Nl. Bk., Springfield
14 Chicopee Nl. Bk., Springfield
24 Third Nl. Bk., Springfield
50 Springfield Nl. Bk.
25 Springfield S. D. & T. Co.
15 First Nl. Bk., Northampton
20 First Nl. Bk., Winchendon
10 Mechanics Nl. Bk., Worcester

184

REPORT OF TH E

[Pub. Doc.

LEOMINSTER SAVINGS BANK, LEOMINSTER.
12
Incorporated March 16, I 8 6 0 .

MAIN STREET.

Number of corporators, 34; number of trustees, 15.

A rthur H . H a l l , President.
C harles A . Joslin , Treasurer.
E v erett B . R ichardson , Clerk o f the Corporation.

Board of Trustees: E . F. B lodgett , W . H . C h ase , A . L. C l ar k , W . G. D e r b y , F. S. F a r n sw o r th ,
A . H . H a ll , W . H . H a rr ison , C. A . J oslin , C lesson K e n n e y , E . B. K in g m a n , H amilton
M a y o , D . C . N ic ke r so n , E . B . R ichardson , H . R . Sm it h , F. A . W h it n e y .
Board of Investment: C lesson K e n n e y , H a m ilton M a y o , A . H . H a ll , D . C. N icker so n , W . G. D e r b y .
Auditing Committee: A . H . H a l l , E . B. K in g m a n , F. S. F a r n sw o r th .
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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
$739,780 11
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
217,945 0 0
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
20,000 00
American Tel. & Tel. C o. bonds
.
.
.
.
.
.
.
.
.
.
14,156 25
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
21,000 00
911 loans on real estate (average of each, $2,059.13) .
.
.
.
.
.
.
1,875,875 00
68
loans on personal security
.
.
.
.
.
.
.
.
.
.
418,197 00
Bank building and fixtures (estimated value, $82,000; assessed value, $60,790)
.
.
78,063 80
Real estate b y foreclosure, etc. (assessed value, $26,610) .
.
.
.
.
.
20,993 60
Deposits in national banks or trust companies
.
.
.
.
.
.
.
90,264 73
C a s h .......................................................................... ..........
..................................................... 10,411 54

Total A s s e t s .......................................$3,506,687 03

Liabilities.
Due depositors on 7,992 accounts, averaging $410.44 each
{Accounts opened during year, 851; closed, 825; increase, 26)
Surplus; —
a. Guaranty fund {4.97% o f deposits; increase during year, $7,000)
b. Profit and loss {increase during year, $2,802.96)
Current incom e: —
a. Interest .
.
.
.
.
.
.
$51,280 32
b. Rent, etc.,
.
.
.
.
.
.
1,387 39

Total Liabilities .

$3,280,212 75

163,000 00
17,754 85

$52,667 71
6,948 28
------------------

Less current expenses not charged off


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

.

45,719 43

. $3,506,687 03

No. 8.]

185

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$4,967.50 $6,440.46 $2,000.00
C ost per $1,000 of assets
1.42
1.84
.57
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$16.25
$1,522.89
$14,947.10
.43
4.26
2.27

Gross income received during the year, $155,378.85.

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 4.94 per cent.): 4%, $45,000; 4 M % . $17,000; 4> 2 %, $103,500; 4;h£%,
$38,000; 5%, $1,668,950; 6%, $3,425.
Personal loans (average rate, 5 per cen t.): 5%, $418,047; 6%, $150.
Bonds, stocks, etc. (average rate on amounts invested, 3.98 per cent.): 3M % . $325,500; 3 % % , $39,600;
3.90%, $15,000; 4%, $581,705.11; 4M % . $25,000; 5%, $10,000; 8%, $15,000; 10%, $8,000.
Number of loans not over $3,000 each, 841, amounting to $1,101,017.
73 real estate loans made during year, amounting to $136,770.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 8,020, amounting to
.

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

Number of withdrawals during year, 7,912, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$61,798 37
62,745 32
513,025 00

.

$637,568 69
550,845 94

.

$86,722 75

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Beverly 4s
40.000 Boston 3Ms
10.000 Cambridge 3Ms
20.000 Cambridge 4s
15.000 Chicago, 111., 4s
10.000 Chicopee 4s
20.000 Cleveland, 0., 4Ms
23.000 Dubuque, la., 4s
20.000 Everett 4s
10.000 Fall River 4s
12.000 Holyoke 4s
23.000 Lowell 4s
38.000 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., 3Ms
2.000 Quincy 4s
30.000 Salem 4s
10.000 San Francisco, Cal., 5s
3.000 Somerville 3Ms
22.000 Somerville 4s

Par Value.
$15,000 Syracuse, N. Y., 4s
10.000 Troy, N. Y., 3Ms
10.000 Waltham 4s
10.000 Worcester 3Ms
35.000 Worcester 4s
18.000 Athol 4s
4.000 Dracut 4s
39.000 Leominster 3Ms
1.000 Leominster 4s
6.000 Peabody 4s
4.000 Reading 4s
11.000 Revere 4s
5.500 Sterling 3.90%
20.000 Stoneham 3Ms
16.000 Wakefield 4s
3.000 Watertown 4s

Public Funds, Notes.
$1,500 Barnstable 3Ms
85.000 Leominster 3Ms
4.000 Leominster 4Ms
5.000 Methuen 3Ms
705 Nantucket 4s
600 Shirley 3Ms
9.500 Sterling 3.90%

D ates of E x a m in a t io n , August 19, 20.


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

Railroad Bonds.
Par Value.
$15,000 Boston & Albany 3Ms
30.000 Boston & Albany 4s
15.000 Boston & Maine 3Ms
25.000 Boston & Maine 4s
1.000 Boston & Maine 4Ms
10.000 C., B. & Q. 3Ms
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. 3Ms
10.000 N. Y „ N. H. & H. 4s
6.000 Old Colony 4s

Street Railway Bonds.
$20,000 Boston Elevated 4s

Bank Stocks.
Shs.
150 Leominster Nl. Bk.
80 Safety Fund Nl. Bk., Fitchburg

186

REPO RT OF THE

[Pub. Doc.

LEXINGTON SAVINGS BANK, LEXINGTON.
440 MASSACHUSETTS AVENUE.
Incorporated March 11, 1871.

Number of corporators, 45; number of trustees, 25.

(Office vacant), President.

E d w in B. W orthen , Treasurer.

A . E. S cott , Clerk of the Corporation.
Board of Trustees: G. E. B riggs , F. C. C h ilds , G. H. C h ilds , J. E . C r o n e , C. B. D a v is , E. F. F obes
W . B. F oster , C. P. Joh nson , A. E. L o c ke , J. E. A. M u l l ik e n , 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. S k elton , J. S. S m ith , G. W .
S p auld ing , I r ving St o n e , A. B. T e n n e y , H. C . V a l e n t in e , J. J. W a lsh , A. C . W h it n e y , E.
B. W or th e n .

Board of Investment: C. B. D a v is , J. E . C r one , G. W . S pauld ing , F. D . P eir ce , J. L. N orris .
Auditing Committee: G. E . B riggs , A . C . W h it n e y , 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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
129 loans on real estate (average of each, $2,685.06) .
.
.
Less amount due on uncompleted loans .
.
.
.
.

.

.
.
.

$346,372 50
50 00

16 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $80,000; assessed value, $28,950)
Real estate by foreclosure, etc. (assessed value, $4,800)
.
.
.
.
.
Premium account
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.

Total Assets

$113,775
155,938
65,157
13,268

00
65
50
75

346,322
53,932
28,800
3,379
50
6,737
3,009

50
70
00
74
00
98
88

$790,372 70

Liabilities.
Due depositors on 2,291 accounts, averaging $324.82 each
(Accounts opened during year, 138; closed, 167; decrease, 29)
Surplus: —
a. Guaranty fund (4-04% of deposits; increase during year, $540)
b. Profit and loss (increase during year, $282.87)
Current incom e: —
a. I n t e r e s t ............................................................... $3,300 44
b- R e n t ...............................................................
60 00
Less current expenses not charged off
School savings system .


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

.

.

.

.
.

.
.

.
.

.

$744,162 60

36,740 00
6,321 26

$3,360 44
289 18
----------------

3,071 26
77 58

Total L iab ilities.......................................$790,372 70

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
$1,580.26 $1,769.50
$500.00
$32.65
$382.42
$4,264.83
Cost per $1,000 of assets
2 .0 0
2.24
.63
.04
.48
5.39
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.76
Gross income received during the year, $35,177.98.

Rates on Investments and Loans (Average on All, 4.74%).
Real estate loans (average rate, 5.11 per cent.): 4M%> $8,000; 5%, $291,497.50; 5M%> $4,450; 6%,
$42,375.
Personal loans (average rate, 5.35 per cent.): 5%, $35,000; 6%, $18,932.70.
Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 3%, $5,000; 3)4% , $21,000; 4%,
$201,000; 4)4% , $85,000; 5%, $42,000.
Number of loans not over $3,000 each, 102, amounting to $150,912.70.
12 real estate loans made during year, amounting to $31,200.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 1,814, amounting to
.

.

Number of withdrawals during year, 1,671, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.

.

.

.

$13,978 48
14,222 27
85,853 58

.

$114,054 33
96,856 3g

.

$17,197 98

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3s
10.000 Massachusetts 4s
10.000 Baltimore, Md., 4s
5.000 Duluth, Minn., 4)4s
7.000 Fall River 4s
15.000 Hartford, Conn., 4)4s
5.000 Melrose 4s
10.000 Omaha, Neb., 4Mb
10.000 San Francisco, Cal., 4Ms
25.000 Lexington 4s
4.000 Wellesley 4s
8.000 Kittery, Me. (W. D.), 5s

Par Value.
$10,000 Aroostook Northern 5s
10.000 Bangor & Aroostook 5s
2.000 Boston & Albany 4s
4.000 Boston & Albany 5s
5.000 Boston & Maine 4s
25.000 Boston & Maine 4)4s
24.000 C., B. & Q. 4s
5.000 Concord & Montreal 4s
5.000 Connecticut River 3Ms
5.000 Conn. & Pass. Rivers 4s
10.000 N. Y., N. H. & H. 3J4s
30.000 N. Y „ N. H. & H 4s

D ate op E x a m in a t io n , April 2.


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

Par Value.
$10,000 No. Maine Seaport 5s
6.000 Old Colony 3Ms
7.000 Old Colony 4s

Street Railway Bonds.
$10,000 Boston Elevated 4s
10.000 Boston Elevated 4Ms
22.000 Boston & Northern 4s
15.000 Springfield 4s
10.000 Worcester Cons. 4J4s

188

REPO RT OF THE

[Pub. Doc.

LOWELL FIVE CENT SAVINGS BANK, LOWELL.
107 MERRIMACK STREET.
f Greenhalge Grammar School.
Branch Offices: \ Riverside Grammar School.
[ Colburn Training School.
Incorporated April 12, 1854.

Number of corporators, 44; number of trustees, 17.

A ustin K . C h a d w ic k , President.
C harles A . R ichardson , Treasurer.
C harles L. K napp , Clerk of the Corporation.

Board of Trustees: C. A. A bbott , C. E . B artlett , A . K . C h a d w ic k , F. E . D u n b a r , G. L. H ooper ,
C . L. K napp , J. A . L e g a r e , G. S. M o t le y , F r an k lin N ou rse , F. P. P u t n a m , A . C . R ussell ,
C . W . R ussell , A . T . S afford , W . S. Sou th w or th , S. H . T hompson , J. C. W a d l eig h , W . F.
W il d e r .

Board of Investment: C. A . A bbott , A . K . C h a d w ic k , F. E . D u n b a r , G. L. H ooper , S. H . T hompson ,
W . F. W ild e r .

Auditing Committee: F r an k lin N ourse , G . L. H ooper , J. A . L eg a h e .
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 30, 1915,
Assets.
Public funds, bonds and nptes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
American Tel. & Tel. C o. bonds .
.
.
.
Stocks of banks and trust companies
.
.
.
829 loans on real estate (average of each, $4,327.29) .
Less amount due on uncompleted loans .
.
.

.

.

.

.

.

.

.

.

.
.

.
.
.
.

.
.
.
.

.
.

.
.

.

.

$3,598,123 98
10,800 00

37 loans on personal security
Bank building and fixtures (estimated value, $70,000, assessed value, $93,950)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.

Total Assets

$231,667
1,045,900
242,587
92,400
44,600

00
00
50
00
00

3,587,323
497,776
40,000
134,935
14,571

98
67
00
19
37

. $5,931,761 71

Liabilities.
Due depositors on 21,228 accounts, averaging $255.99 each
{Accounts opened during year, 4,362; closed, 3,366; increase, 996)
Surplus: —
a. Guaranty fund {4.91% of deposits; increase during year, $5,000)
b. Profit and loss {increase during year, $10,610.29) .
Current incom e: —
a. Interest .
.
.
.
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.


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

Total Liabilities .

.

$5,434,142 87

267,000 00
132,727 15
$96,674 69
1,217 00
-----------------

97,891 69

. $5,931,761 71

189

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses. Total.
$256.74
$3,255.23 $27,131.07
.04
.55
4 .57
..........................................
2 .72

State Tax (Net). Salaries.
Rent.
Amount paid for
$8,901.71 $12,617.39 $2,100.00
Cost per $1,000 of assets
1.50
2 .1 3
.35
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $269,248.89.

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 4.92 per cent.): 43ds%. $875,300; 4 % % , $30,000; 5%, $2,466,498.98;
5H % . $75,100; 6%, $140,425.
Personal loans (average rate, 4.67 per cent.): 4%, $3,000; 4Ji%< $115,000; 4)^% , $122,350; 4 ;';-i%,
$75,000; 5%, $177,801.67; 5J^%, $1,150; 6%, $3,475.
Bonds, stocks, etc. (average rate on amounts invested, 4.34 per cen t.): 3}^% , $270,000; 4%, $962,000;
4 y2%, $257,000; 5%, $123,200; 5V2%, $10,000; 6%, $47,000; 8%, $30,600; 10%, $1,000; 12%,
$2,500.
Number of loans not over $3,000 each, 628, amounting to $810,101.25.
108 real estate loans made during year, amounting to $425,775.

Dividends, Deposits and Withdrawals
$98,840 10
100,759 53
1,039,484 63

Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 35,867, amounting to

Number of withdrawals during year, 18,883, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

$1,239,084 26
975,751 80

.

.

.

.

$263,332 46

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 California 4s
15.000 Massachusetts 3}^s
10.000 Massachusetts 4s
10.000 Akron, 0., 5}^s
10.000 Canton, 0., 5s
45.000 Chicago, 111., 4s
10.000 Duluth, Minn., 4^s
40.000 Los Angeles, Cal., 4L£s
3.000 Lowell 4s
15.000 Minneapolis, Minn., 4s
10.000 Portland, Ore., 4s
10.000 Portland, Ore., 6s
20.000 St. Paul, Minn., 4J^s
8.000 San Francisco, Cal., 5s
10.000 Spokane, Wash., 4s
10.000 Toledo, 0., 43^s

Railroad Bonds.
$10,000 Allegheny Valley 4s
50.000 Boston & Albany 3)^s
25.000 Boston & Albany 4s
50.000 Boston & Maine 3)^s

Par Value.
$50,000 Boston & Maine 4s
20.000 Boston & Maine 4J^s
50.000 C., B. & Q. 3^s
105,000 C., B. & Q. 4s
40.000 Chicago, Mil. & St. Paul os
25.000 Chic., R. I. & Pac. 4s
85.000 Chic. & North. 4s
14.000 Concord & Montreal 4s
40.000 Fitchburg 4s
7.000 Fre., Elk. & Mo. Valley 6s
25.000 Illinois Central 3J^s
50.000 Illinois Central 4s
28.000 Louisville & Nashville 5s
25.000 Louisville & Nashville 6s
20.000 Michigan Central 3J^s
25.000 Minn. & Iowa 3J^s
20.000 Minn., St. P. & Sit. St. M. 5s
5.000 N. Y., L. & W. 6s
90.000 N. Y., N. H. & H. 4s
25.000 N. Y. C. & H. R. 3}As
25.000 Norwich & Wore. 4s
47.000 Pennsylvania 4Ms
25.000 Port. & Ogdens. 4)^s
75.000 Portland Terminal Co 4s
10.000 Sioux City and Pac. 3}4a

D a t e s of E x a m in a t io n , February 17-19 inclusive.


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

Street Railway Bonds.
Par Value.
$75,000 Boston Elevated 4s
45.000 Boston Elevated 4}^s
50.000 Boston & Northern 4s
10.000 Holyoke 5s
10.000 Old Colony 4s
10.000 Springfield St. Ry. 4s
10.000 West End 4s
40.000 Worcester Con. 43dis

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
66 Union Nl. Bk., Lowell
20 Wamesit Nl. Bk., Lowell

190

REPORT OF THE

[Pub. Doc.

LOWELL INSTITUTION FOR SAVINGS, LOWELL.
18 SHATTUCK STREET.
Branch Office: Westford.
Incorporated February 20, 1829.

Number of corporators, 38; number of trustees, 11.

F e e d e e ic A . F i s h e e , President.
E d w a r d B . C a e n e y , Treasurer.
J o sep h L . C u s h in g , Clerk of the Corporation.

Board of Trustees: J. C. A b b o t t , G e o e g e B o w e b s , J. A. C a m e b o n , E. B. C a e 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 e k y D u n l a p , F. A. F i s h e e , C . H . H o b so n , R. F . M a e d e n , R. P . W h it e .
Board of Investment: G e o e g e B o w e b s , H a e e y D u n l a p , C . H . H o b s o n , E . B . C a e 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 , R . F. M a e d e n .
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 30, 1915.
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
.
.
.
588 loans on real estate (average of each, $8,095.75) .
Less amount due on uncompleted loans .
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
$4,777,804 43
17,500 00

31 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $59,970; assessed value, $59,970)
Real estate b y 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

$697,983
1,045,682
330,649
21,285
116,386
59,200

75
35
90
00
25
00

4,760,304
540,465
36,944
1
2,751
199,716
12,016

43
00
67
00
67
62
11

$7,823,386 75

Liabilities.
Due depositors on 14,427 accounts, averaging $496.18 each
(Accounts opened during year, 1,934; closed, 1,295; increase, 639)
Surplus: -ra. Guaranty fund (5% of deposits; increase during year, $17,420)
b. Profit and loss (increase during year, $18,481.30) .
Reserved for dividend
^
.
.
.
.
.
.

Total Liabilities .

.

$7,158,391 92

357,920 00
169,474 77
137,600 06

.

.

.

$7,823,386 75

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising.
Amount paid for
$9,781.28 $14,990.22
$800.00
$638.82
Cost per $1,000 of assets
1.25
1.91
.10
.08
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $348,035.81.


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

Other Expenses.
Total.
$3,332.04 $29,542.36
.42
3 .7 6
2.41

BANK COMMISSIONER.

No. 8.

191

Rates on Investments and Loans (Average on All, 4.78%).
Real estate loans (average rate, 4.89 per cent.): 2>Y2%, $16,900; 4%, $244,500; 4)4% , $202,000; 4)4% ,
$540,383.33; 4M % , $191,500; 5%, $3,127,368.60; 5)4% , $379,437.50; 6%, $58,215.
Personal loans (average rate, 5.07 per cent.): 4)4% , $204,600; 4)4% , $25,000; 5%, $60,465; 5)4% ,
$200,000; 6%, $50,400.
Bonds, stocks, etc. (average rate on amounts invested, 4.47 per cent.): 3)4% , $64,400; 4%, $1,535,850;
4)4%, $8,070; 4M % , $28,000; 4)4% , $388,500; 4M % , $5,000; 5%, $183,224; 5)4% , $3,000; 6%,
$50,000; 8%, $8,900; 12%, $47,300.
Number of loans not over $3,000 each, 392, amounting to $544,882.
58 real estate loans made during year, amounting to $379,500.

Dividends, Deposits and Withdrawals.
$129,908 14
135,010 40
976,391 64

Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2%
Number of deposits during year, 15,017, amounting to

Number of withdrawals during year, 12,133, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.
.

$1,241,310 18
887,435 13
$353,875 05

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$60,000 California 4s
20.000 Massachusetts 3J4s
23.000 Massachusetts 4s
56.000 Boston 4s
6.500 Brockton 4s
3.500 Canton, 0., 5s
3.000 Everett 4s
2.000 Flint, Mich., 4)4s
2.500 Hamilton, 0., 4)4s
4.000 Hamilton, 0., 5s
1.000 Holyoke 4s
25.000 Lawrence 4s
7.500 Lowell 4s
8.000 Lynn 4s
25.000 Lynn 4)4s
25.000 Los Angeles, Cal., 4)4s
50.000 Omaha, Neb., 4)4s
5.000 Peoria, 111., 4s
2.000 Pittsfield 4s
43.000 Portland, Ore., 4)4s
50.000 Portland, Ore., 6s
3.000 Quincy 4s
5.000 Salem 4s
10.000 San Francisco, Cal., 4)4s
25.000 San Francisco, Cal., 5s
24.000 Seattle, Wash., 4s
50.000 Seattle, Wash., 4}^s
3.000 Spokane, Wash., 5)^s
2.000 Taunton 4s
2,724 Youngstown, 0., 5s
5.000 Bourne 4)4s
3.000 Franklin 4s
1.000 Gorham, N. H., 4s
10.000 Lexington 4s
14.000 Mansfield 4s
5,400 Mattapoisett 4s
11.000 Nantucket 4s

Par Value.
Par Value.
$51,000 Fitchburg 4s
$1,000 Pepperell 4s
25.000 Fitchburg 4)^s
2.500 Plymouth 4s
31.000 Illinois Central 4s
1.000 Saugus 4s
18.000 Louisville & Nashville 4s
12,350 Ware 4s
25.000 Louisville & Nashville 4)^s
3.000 Bethlehem, N. H. (W.D.), 4s
10.000 New England 4s
8.000 No. Chelmsford (F. D.) ij^s
50.000 N. Y. C. & H. R. 4s
4.500 N.Conway, N. H. (W.D.) 4s
150.000 N. Y., N. H. & H. 4s
9.000 W. & S. Acton (W. D.) 4s
35.000 No. Maine Seaport 5s
20,000 Worthington (F. D.) 4s
1.000 Maine Central 4s
8.000 Maine Central 5s
Public Funds, Notes.
6.000 Old Colony 4s
$5,400 Lowell 3V2b
25.000 Pennsylvania 4)^s
4.000 Lowell 4s
11.000 Port. & Ogdens. 4)/£s
8,070 Lowell 4J^s
3.000 Somerset 4s
3.000 Lowell 4)4s
10.000 St. Paul, Minn. & Man. 4s
7.000 Dracut 4s
15.000 Wore., Nash. & Roch. 4s
500 Hardwick 4s
4.000 Stoughton 4s
Street Railway Bonds.
13,600 Tyngsboro 4s
$53,000 Boston Elevated 4s
25.000 Boston Elevated 4Ks
Railroad Bonds.
12.000 Boston Elevated 5s
$50,000 Atch., Top. & Santa F6 4s
102.000 Boston & Northern 4s
15.000 Baltimore & Ohio 3)^s
31.000 Boston & Lynn 5s
40.000 Bangor & Aroostook 5s
1.000 Marlboro & Westboro 5s
33.000 Beech Creek 4s
6.000 N. Bedford, Mid. & Brock. 5s
10.000 Boston & Albany 4s
45.000 Old Colony 4s
11.000 Boston & Albany 5s
1.000 Uxbridge & Blackstone 5s
50.000 Boston & Lowell 4s
41.000 West End 4s
29.000 Boston & Maine 4s
8.000 West End 4)^s
58.000 Boston & Maine 4Hs
1.000 Worcester Cond. 4)^s
25.000 Boston & N. Y. Air Line 4s
20.000 Wore. & Southbridge 4J^s
2,000 Boston & Providence 4s
100.000 C., B. & Q. 4s
Bank Stocks.
100.000 Chic. & North. 4s
Shs.
473 Second Nl. Bk., Boston
35.000 Chic., R. I. & Pac. 4s
30 Old Lowell Nl. Bk., Lowell
13.000 Conn. & Pass. Rivers 4s
89 Union Nl. Bk., Lowell
20.000 Delaware & Hudson 4s

D a t e s of E x a m in a t io n , January 11-1 3 inclusive.


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

192

REPO RT OF TH E

[Pub. Doc,

LUDLOW SAVINGS BANK, LUDLOW.
EAST STREET.
Incorporated February 23, 1888.

S id n e y St e v e n s , President.

Number of corporators, 44; number of trustees, 21.

G e o r g e A . B i r 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 i r n i e , C. S. B r o w n in g , 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 , P. A. H o y t , 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 , 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 St 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 o o r e , C. W . G o w e n , H. W . M o r r il l , C. E . Q u in b y .

Deposits draw interest from first day of January, April, July and October; dividends are payable
April 10 and October 10. 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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of banks and trust companies
.'
.
246 loans on real estate {average of each, $1,929.9If)
8 loans on personal security
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

.

.

.

.

.
.
.

.
.

.
.

.

.

.

.

.
.
.
.
.

.
.

.

.

.

.
.
.

.

.

.
.

.
.

.

.

.
.

.
.

.
.

.

.

.

.
.
.

.

.

.

.

.
.
.
.
.

Total Assets

$42,618
77,854
18,969
11,860
1,100
474,766
15,273
61,374
4,959

24
96
64
00
00
55
68
48
60

$708,777 15

Liabilities.
Due depositors on 2,163 accounts, averaging $311.64 each
.
.
.
.
.
(Accounts opened during year, 360; closed, 425; decrease, 65)
Surplus: —
a. Guaranty fund (2.65% o f deposits; increase during yedr, $1,639.38) .
.
.
b. Profit and loss (increase during year, $3,628.07)
.
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$639 29
Less current expenses not charged off
.
.
.
.
105 41
-----------------------


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

Total Liabilities .

.

.

.

.

$674,081 57

17,880 61
16,281 09

533 88

$708,777 15

No. 8.]

BANK COMMISSIONER.

193

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Am ount paid for
$713.49
$1,234.00
$236.00
Cost per $1,000 of assets
1.01
1.74
.33
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$20.00
$341.99
$2,545.48
.03
.48
3 .59
2.25

Gross income received during the year, $32,803.56.

Rates on Investments and Loans (Average on All, 4.95%).
Real estate loans (average rate, 5.18 per cent.): 5%, $360,008.55; o A % , $61,467.50; 6%, $53,290.50.
Personal loans (average rate, 5.93 per cent.): 5%, $1,023.68; 6%, $14,250.
Bonds, stocks, etc. (average rate on amounts invested, 4.14 per c e n t): 3J^%, $60,000; 4%, $50,000;
5%, $44,100.

Number of loans not over $3,000 each, 205, amounting to $230,890.23.
Real estate loans made during year, none.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 2,569, amounting to
.

.

Number of withdrawals during year, 1,926, amounting to
N et decrease in amount due depositors

.

.

.

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

.
.

.
.

.
.

$12,482 54
12,337 21
144,190 89

.

.

$169,010 64
181,484 02

.

.

$12,473 38

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 4s
11,000 Athol 4s
6,000 Clinton 4s

Public Funds, Notes.
$15,000 Ludlow 5s

Par Value.
$5,000 Boston & Albany 4s
5.000 Boston & N. Y. Air L. 4s
5.000 C., B. & Q. 3^s
5.000 Chic., Mil. & St. P. PAs
10.000 Fitchburg 3p£s
15.000 Illinois Central 3A s
15.000 N. Y. C. & H. R. ZV2s
5.000 N. Y., N. H. & H. ZAs
19.000 No. Maine Seaport 5s
5.000 Washington Co. ZA$

D a t e o r E x a m in a t io n , April 14.


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

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

194

REPO RT OF THE

[Pub. Doc.

LYNN FIVE CENTS SAVINGS BANK, LYNN.
112 MARKET STREET.
Incorporated M ay 15, 1855.
R o l l in

E . H arm on,

Number of corporators, 73; number of trustees, 26.

President.

H enry E . N bw hall,

S a m u e l H . H o l l is ,

Treasurer.

Clerk o f 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.
San bo rn , H . F . T a ple y , J ohn W o odbu ry.

Board o f Investment:

R.

E.

Auditing Committee: H . W .

H arm on,

S. J.

N ew hall,

H o l l is , H . F . T a p l e y ,

J. F.

E dson ,

C. S.

J. S.

San bo rn ,

N ew h all, John W oodbury.

C. A.

C ross,

C. F.

S m it h .

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 30, 1915.
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
894 loans on real estate (average of each, $2,652)
Less amount due on uncompleted loans .
.

.
.
.
.
.

.
.
.
.
.

.
.
.

64 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $35,000;
Taxes, insurance, etc., paid on mortgaged properties
Suspense account
.
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$2,400,165 28
.
.
.
29,271 87
----------------------.
.
.
.
.
.
assessed value, $48,000)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.
.
.
.
.

.
.
.
.
.

.

.
.
.
.
.
.

.

.

.

.

$1,334,174 93
1,230,310 26
560,573 26
129,098 75
1,400 00
20,000 00
2,370,893 41
1,358,800 00
34,639 79
1,996 04
21 95
67,090 30
31,816 93

$7,140,815 62

Liabilities.
Due depositors on 27,305 accounts, averaging $234.45 each
{Accounts opened during year, 3,629; closed, 4,646; decrease, 1,017)
Surplus: —
a. Guaranty fund {5.12% of deposits; increase during year, none)
b. Profit and loss {increase during year, $10,419.98) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$7,926 40
Less bank building expenses not charged off
.
437 10

.

328,300 00
335,947 04
$83,160 49
8,363 50
--------------

Real estate acquired b y foreclosure
Interest on mortgages held as collateral

$6,401,681 36

Total Liabilities .

74,796 99
32 48
57 75

. $7,140,315 62

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising.
Am ount paid for
$14,586.40 $16,870.72 $1,771.00
Cost per $1,000 of assets
2 .0 4
2 .3 6
.25
Cost per $1,000 of assets not including State tax and rent .
.
.
Gross income received during the year, $348,121.43.


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

Other Expenses.
Total.
$4,913.57
$38,141.69
.69
5.34
.
.
.
3 .0 5

No. 8.

BANK COMMISSIONER.

195

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 5.40 per cen t.): 5%, $685,932.46; 5 K % , SI,461,260.06; 6%, $223,700.89.
Personal loans (average rate, 4.77 per cent.): 3%, $35,000;
$25,000; 4J^%, $630,000; 4% % ,
$110,000; 4M % . $198,000; 5%, $148,000; 5 H % , $17,000; 5 }i% , $71,500; 6%, $84,300; 6M % ,
$15,000; 6J^%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cent.): 3%, $20,000; 3J^%, $668,800;
3M % , $36,000; 4%, $1,516,984.81; 4 U % , $11,000; 4 ^ % , $676,000; 5%, $413,900; 6%, $18,800.
Number of loans not over $3,000 each, 693, amounting to $968,902.28.
135 real estate loans made during year, amounting to $243,610.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Extra dividend declared during year,
July, 1915, 1%
Number of deposits during year, 36,239, amounting' to

$121,950
121,785
60,900
1,156,689

Number of withdrawals during year, 35,332, amounting to
Net decrease in amount due depositors

.

.

.

.
.

.
.

.
.

$1,461,326 69
1,471,934 76

.
.

64
97
88
20

.

$10,608 07

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$161,000 Massachusetts 3J^s
7.000 Massachusetts 4s
36.000 Alleghany, Pa., 4s
23,800 Attleborough 4s
15.000 Boston 3)^s
125,000 Boston 4s
43.000 Cambridge 4s
12.000 Chelsea 3}4s
32.000 Chelsea 4s
6.000 Chicopee 4s
12.000 Everett 4s
20.000 Fall River 3V2s
5.000 Fall River 4s
4.000 Gloucester 4s
5.000 Haverhill 4s
5.000 Holyoke 3his
30.000 Holyoke 4s
15.000 Los Angeles, Cal., 4his
3.000 Lynn 3his
22.000 Lynn 4s
6.000 Malden 4s
5.000 Melrose 4s
43.000 New Bedford 4s
10.000 Norwich, Conn., 3his
5.000 Oakland, Cal., 4Jis
23.000 Omaha, Neb., 4his
2.000 Quincy 4s
10.000 Saginaw, Mich., 4s
10.000 San Francisco, Cal., 5s
25.000 Sioux City, Iowa, 4Jis
8.000 Springfield 3his
42.000 Superior, Wis., 4his
10.000 Taunton 4s
5.000 Woonsocket, R. I., 4his
5.000 Youngstown, O., 5s
10.000 Amesbury 4s
2.000 Ashland 4s
45.000 Danvers 4s
25.000 Deerfield 4s
7.000 Greenfield 4s
32,500 Holbrook 4s
20.000 Hyde Park 4s
7,350 Longmeadow 4s
15.000 Mansfield 4s
4.000 Marshfield 4s
5.000 Middleborough 4s
4.000 Peabody 4s
1,800 Plymouth 3his
20.000 Revere 4s
3.000 Russell 4s
D a t e s o p E x a m in a t io n ,


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

Par Value.
Par Value.
$5,000 Reading 4s
$90,000 C., B. & Q. 3his
14,500 So. Hadley 4s
21.000 C., B. & Q. 4s
9,600 Tisbury 4s
181.000 Chic., Mil. & St. Paul 4his
9,225 Watertown 4s
10.000 Chic., Mil. & St. Paul 5s
5.000 Wellesley 4s
10.000 Chic. & Northwest. 4s
19.000 Westfield 4s
20.000 Chic. & Northwest. 5s
4.000 Whitman 4s
9.000 Chic. & Northwest. 6s
25.000 Augusta, Me. (W. D.), 4s
5.000 Chic., R. I. & Pac. 4s
7.000 Blandford (F. D.) 4s
3.000 Connecticut River 3his
13,800 Hadley (W. S. D.) 4s
16.000 Concord & Montreal 4s
30.000 Kennebec, Me. (W. D.), 3his
57.000 Fitchburg 4s
25.000 Kittery, Me. (W. D.), 5s
1.000 Fitchburg 5s
25.000 W. Groton (W. S. D.) 4s
6.000 Fitchburg 6s, notes
.5,000 Great Northern 4h£s
20.000 Illinois Central 3s
Public Funds, Notes.
50.000 Illinois Central 3y2s
$5,000 Plymouth Co. 4s
24.000 Illinois Central 4s
5.000 Plymouth Co. 4his
25.000 Louisville & Nashville 4s
1.000 Chicopee 4s
5.000 Maine Central 5s
12.000 Chicopee 4his
25.000 Michigan Central 4s
15,500 Barnstable 4s
20.000 N. Y. C. & H. R. 3Ks
6.000 Billerica 4h£s
5.000 N. Y. C. & H. R. 4s
10.000 Brookfield 4s
86.000 N. Y., N. H. & H. 3V2s
4.000 Canton 4s
144.000 N. Y., N. H. & H. 4s
10.000 Easthampton
1.000 Northern Pacific 4hi>s
1.000 East Longmeadow 3%s
1.000 Ports., Gt. Falls & Con. 4p£s
3.500 Hull 4s
5.000 Portland & Ogdensburg 4j4is
2,400 Merrimac 4s
19.000 Upper Coos 4s
9.000 Ipswich 4s
20.000 Vermont Valley 4}4s
2.500 Norwood 4s
17.000 Revere 4s
S treet R ailw a y B on d s.
2.000 Salisbury 4s
$10,000 Boston Elevated 4s
25.000 Swampscott 3?4S
276.000 Boston Elevated 4J/2S
9,409 Winthrop 4s
16.000 Boston Elevated 5s
16,900 Walpole 4s
28.000 Boston & Northern 4s
2.000 Ware 4s
41,500 Holyoke St. Ry. 5s
5.000 Lowell, Law. & Hav. 5s
Railroad Bonds.
82.000 Lynn & Boston 5s
$17,000 Aroostook Northern 5s
6.000 Marlboro & "Westboro 5s
47.000 Atch., Top. & Santa F6 4s
2.000 N. B. Mid. & Brockton 5s
112.000 Bangor & Aroostook 5s
6.000 Milford, Hoi. & Fram. 5s
149.000 Baltimore & Ohio 3his
2.000 Old Colony 4s
5.000 Boston & Albany 4s
30.000 West End 4s
12.000 Boston & Albany 5s
42.000 West End 4h£s
25.000 Boston & Lowell 4s
13.000 West End 5s
5.000 Boston & Maine 3his
3.000 Western Mass. 5s
13.000 Boston & Maine 4s
1.000 Worcester & Clinton 5s
4.000 Boston & Maine 4his
2.000 Boston & N. Y. Air Line 4s
gjjS
B an k S tock s.
14.000 Boston, R. B. & Lynn 4his
14 Boylston Nl. Bk., Boston
3,800 Burl. & Missouri Riv. 6s
April

2 6 - 2 9 in c lu s iv e .

REPO RT OF THE

196

[Pub. Doc.

LYNN INSTITUTION FOR SAVINGS, LYNN.
25 EXCHANGE STREET.
Incorporated June 20, 1826.
C h arles

S.

P u r in t o n ,

Number of corporators, 49; number of trustees, 29.

President.
J o seph

F r e d e r ic k

D. A.

H ealey,

L.

B t j 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 , W . M .
B r e e d , F. L. B u b i e r , H . P. B u r r i l l , C . A . C o l l i n s , W . C. F i s h , J . F. H a n n a n , C. H . H a s t i n g s ,
J . D . A. H e a l e y , B. N. J o h n s o n , W . W . J o h n s o n , F. W . K i m b a l l , C. I. L i n d s e y , J. P. M a r t i n ,
H . R . M a y o , J . B. N e w h a l l , B. F. P e a c h , A . W . P i n k h a m , C . S. 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. W i l s o n , C. G. W o o d b r i d g e .
Board of Investment: C. S.
Auditing Committee: W .

P u r in t o n , B .

M . B reed,

F.

B . F.

S p in n e y ,

P each,

C. A.

F. A .

C o l l in s ,

C. G .

W o o d b r id g e .

W il s o n .

Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are pay­
able M ay 15 and N ovember 15. Business hours: 8.30 a . m . to 1 p . m . ; also Saturdays, 2.30 to
5.30 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. Co. boncls .
.
.
.
Stocks of banks and trust companies
.
.
.
1,048 loans on real estate {average of each, $3,288.45)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.
•
$3,404,870 00
10,969 00
----------------------78 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
.
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.
.

.
.
.
.
.

.

.
.

$735,125
2,102,445
228,550
80,000
155,742
100,300

00
75
00
00
50
00

.

.

.

.

3,393,901 00
1,678,635 00
40,000 00
921 62
183,087 52
62,275 48

.

.

$3,760,983 87

Due depositors on 19,051 accounts, averaging $410.87 each
.
.
.
.
(Accounts opened during year, 2,098; closed, 2,152; decrease, 5If)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, $6,979)
.
h. Profit and loss (increase during year, $50,864.21) .
.
.
.
.
Reserved for dividend .
.
.
.
.
.
.
.
.
.
.

.

$7,827,544 09

Liabilities.

.

.
.
.

392,452 00
390,987 78
150,000 00

Total L iab ilities.......................................$8,760,983 87

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$17,814.10 $14,958.01 $2,500.00 $1,078.35
$3,483.98
$39,834.44
Cost per $1,000 of assets
2 .0 3
1.71
.28
.12
.40
4 .5 4
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .23
Gross income received during the year, $414,062.23.


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

BANK COMMISSIONER.

No. 8.]

197

Rates on Investments and Loans (Average on All, 4.78%).
Real estate loans (average rate, 5.14 per cent.): 4)4% . $45,500; 4)4% . $125,050; 5%, $2,134,307; 5)4% .
$988,114; 6%, $96,130.
Personal loans (average rate, 4.32 per cent.): 2%, $50,000; 2)4% . $50,000; 4)4% , $385,410; 4J4%,
$250,000 ; 4)4% , $786,700; A%%, $50,000; 4)4% , $73,100; 5%, $7,075; 5)4% , $19,000 ; 6%,
$7,350.
Bonds, stocks, etc. (average rate on amounts invested, 4.66 per cent.): 3%, $7,000; 3)4% , $699,800;
3.60%, $6,500; 4%, $1,214,000; 4)4% , $25,000; 4)4% , $479,500; 5%, $411,000; 5)4% , $27,000;
6%, $405,200; 7%, $99,000; 8%, $52,800; 10%, $40,000; 12%, $7,500.
Number of loans not over $3,000 each, 776, amounting to $1,314,515.
77 real estate loans made during year, amounting to $205,650.

¡, Deposits and Withdrawals.
:: N ov., 1914,2%
M ay, 1915, 2%
amounting to
.

,412, amounting to

.
.
.

.
.
.

.

.
.
.

.

.

.
.
.

$145,954 32
149,335 94
1,295,174 64

.

$1,590,464 90
1,472,390 47
$118,074 43

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Par Value.
$65,000 Boston & Albany 5s
30.000 Boston & Maine 4s
48.000 Boston & Maine 4)4s
20.000 Boston & Providence 4s
4.000 Boston, R. B. & Lynn 4%s
11,200 Burl. & Mo. Riv. 6s
10.000 Central of N. J. 5s
153.000 C., B. & Q. 4s
50.000 Chic., Mil. & St. Paul 4)^s
50.000 Chic., Mil. & St. Paul 5s
28.000 Chic., Mil. & St. Paul 6s
55.000 Chic. & Northw. 3)d>s
20.000 Chic. & Northw. 4s
45.000 Chic., St. P., M. & O. 6s
15.000 Cleveland & Pitts. 4)^s
35.000 Concord & Montreal 4s
25.000 Erie & Pittsburgh 3Hs
10.000 Fargo & Southern 6s
5.000 Fitchburg 4s
124.000 Fre., Elk. & Mo. V. 6s
25.000 Holyoke & Westfield 4h£s
25.000 Housatonic 5s
7.000 Illinois Central 3s
52.000 Illinois Central 4s
25.000 Kal., Alle. & Gr. R. 5s
32.000 Louisville & Nashville 5s
50.000 Louisville & Nashville 6s
25.000 Maine Central 5s
27.000 Michigan Central 3)^s
90.000 Michigan Central 5s
89.000 Mil., L. S. & West. 6s
6.000 Montana Central 6s
25.000 New England 5s
75.000 N. Y. C. &H. R. 3Ks

Public Funds, Bonds.
Par Value.
$200,000 Massachusetts 3)4s
110,000 Boston 4s
9.000 Brockton 4s
50.000 Chicago, 111., 4s
35.000 Cleveland, 0., 4J4s
27.000 Dayton, 0., 5)4s
25.000 Duluth, Minn., 4J4s
61.000 Fall River 4s
14.000 Gloucester 4s
41.000 Lynn 4s
15.000 Middletown, Ct., 3)4s
4.000 Newton 4s
50.000 Omaha, Neb., 4)4s
15.000 Oshkosh, Wis., 4)4s
6.000 Racine, Wis., 4s
15.000 Clinton 4s
25.000 Cumberland, R. I., 4s
23.000 Medway 4s
8.000 Revere 4s

Public Funds, Notes.
$1,000 Saugus 4s
2,800 Swampscott 3)4s
6,500 Swampscott 3.60%

Railroad Bonds.
$100,000 Baltimore & Ohio 3)4s
29.000 Bangor & Aroostook 5s
70.000 Boston & Albany 3J4s
32.000 Boston & Albany 4s

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 ,

December 31-January 8.

Par Value.
$50,000 N. Y. & N. E. Term. 4s
25.000 N. Y., N. H. & H. 3)^s
125,000 N. Y., N. H. & H. 4s
50.000 Northern Pacific 4Hs
77.000 Northwestern Union 7s
30.000 Pennsylvania 4)^s
25.000 Peoria & Northw. 3)f>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
7,000 Winona & St. Peters 7s

Street Railway Bonds.
$50,000 Boston Elevated 4s
85.000 Boston Elevated 4)^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

198

REPO RT OF THE

[Pub. Doc.

MALDEN SAVINGS BANK, MALDEN.
48

PLEASANT STREET.

Incorporated April 2, 1860.
E b s k in e

F.

B ic k f o b d ,

Number of corporators, 66; number of trustees, 16.

President.
C h esteb

A.

F e a n c is

N.

C ae v e e ,

Sh o ve,

Treasurer.

Clerk o f the Corporation.

Board of Trustees: E. F. B i c k f o b d , J. G. C h a n d l e e , A. J. C h a s e , H e e b e e t D a m o n , G. H. G e a v e s ,
W . H. H a s t i n g s , E. P. K i m b a l l , W . E. P i p e s , R . R . R o b i n s o n , F. M. S a w t e l l , F. A. S h o v e ,
E. J. S t e v e n s , E d w i n T e o l a n d , A . W . W a l k e e , J o s e p h W i g g i n , E. G. W i s e .
Board of Investment: E . F.

B ic k f o b d , J .

G.

C h a n d l e e , A. J . C h a s e ,
W is e .

E.

J. Ste v e n s, Joseph

W ig g in ,

E. G.
Auditing Committee: E. F.

B ic k f o b d ,

E. P.

K im b a l l ,

W . E.

P ip e s .

Deposits draw interest from second W ednesday of January, April, July and October; dividends are
payable the second W ednesday of April and October. Business hours: 8.30 a . m . to 1 p . m . ; also
Saturdays, for deposits only, 7 to 8.30 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
1,712 loans on real estate {average of each, $2,575.40)
Less amount due on uncompleted loans .
.
.

.
.

.
.
.

.

.
.

.

.
.

.
.

.
.

.
.

.

.
■

.

.
.
.

.
.

.
.

.
.

$1,633,615
852,580
346,151
25,000
68,975
22,500

00
00
00
00
00
00

4,409,085
843,050
6,040
590
53,691
1,734

00
00
66
91
50
32

$4,415,185 00
6,100 00

42 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $13,125)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

Total Assets

. $8,263,013 39

Liabilities.
Due depositors on 21,158 accounts, averaging $356.69 each
(Accounts opened during year, 3,099; closed, 2,313; increase, 786)
Surplus: —
a. Guaranty fund (4.61% o f deposits; increase during year, $20,000)
b. Profit and loss (increase during year, $43,915.01) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

Total Liabilities .

.

.

$7,547,027 83
348,000 00
358,987 55

$11,033 99
2,035 98
-----------------

.

.

.

8,998 01

$8,263,013 39

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Am ount paid for
$10,964.02 $13,738.04 $2,156.01
$944.79
$3,407.41
$31,210.27
Cost per $1,000 of assets
1.32
1.66
.26
.11
.41
3 .7 6
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .1 8
Gross income received during the year, $392,397.25.

Rates on Investments and Loans (Average on All, 4.82%).
Real estate loans (average rate, 5.23 per cent.): 4 M%> $50,000; 4J^%, $49,300; 4 % % , $60,000; 5% ,
$2,689,825; 5M % . $9,800; 5V2% , $859,125; 6%, $691,035.
Personal loans (average rate, 4.70 per cent.): 4M%> $145,000; 4J^%, $291,500; 4 % % , $141,000; 5%,
$226,000; 5)4% , $300; 6%, $39,250.
Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cent.): 2.60%, $25,000; 3%, $34,000;
3Vs%, $20,000; 3M % , $25,000; 3 ^ % . $440,000; 3% % , $25,000; 4% , $1,567,120; 4)4% , $23,000;
4 V2% , $444,740; 4 % % , $21,000; 5%, $284,600; 5)4% , $33,950; 6%, $29,000; 8%, $4,000; 10%,
$3,700; 16%, $13,800.
Number of loans not over $3,000 each, 1,346, amounting to $2,287,910.
163 real estate loans made during year, amounting to $358,485.


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

No. 8.]

BANK COMMISSIONER,

199

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 31,867, amounting to
.

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

$1,538,976 73
1,310,980 49

Number of withdrawals during year, 22,755, amounting to
N et increase in amount due depositors

.

.

.

$140,985 98
144,182 92
1,253,807 83

.

.

.

.

.

$227,996 24

SCHEDULE OF SECURITIES OWNED.

Public Funds, Bonds.
Par Value.
$50,000 Massachusetts 3Lis
10.000 Massachusetts 4s
29.000 Essex Co. 4s
20.000 Hampden Co. 4s
4.000 Middlesex Co. 4s
10.000 Akron, 0., 5s
20.000 Akron, 0., 5Lis
16.000 Beverly 4s
77.000 Boston 4s
8.000 Boston 4Lis
7.000 Brockton 4s
17.500 Brockton 4Lis
16.000 Cambridge 4s
17,600 Canton, 0., 5s
13,950 Canton, 0., 5Lis
15.000 Cleveland, 0., 5s
4.000 Dayton, 0., 4s
26.000 Dayton, 0., 5s
8.000 Des Moines, la,, 4Lis
10.000 Dubuque, la., 4s
25.000 Duluth, Minn., 4Lis
15.000 Everett 4s
7,640 Everett 4Lis
43.500 Fall River 4s
26.000 Fitchburg 4s
14.000 Grand Rapids, Mich., 4Lis
15.000 Hartford, Conn., 4Lis
11.000 Holyoke 4s
15.000 Jersey City, N. J., 4Lis
25.000 Lawrence 4s
57,270 Lowell 4s
4,600 Lowell 4Lis
21.000 Lynn 4s
15.000 Lynn 4L£s
37.000 Malden 3Lis
44,100 Malden 4s
22.000 Marlborough 4s
17.000 Melrose 4s
5.000 Milwaukee, Wis., 4Lis
50.000 Minneapolis, Minn., 4s
15.000 New Haven, Conn., 4s
12.000 New London, Conn., 4s
24.000 Newport, R. I., 4s
10.000 Newton is
25.000 Oshkosh, Wis-, 4Lis
10.000 Pittsburgh, Pa., 4s
9.000 Pittsfield 4Lis
15.000 Portland, Ore., 6s
34.000 Quincy 4s
11.000 Revere 3Lis
18,200 Revere 4s
7.000 Saginaw, Mich., 4s
2.000 Somerville 4s
5.000 St. Paul, Minn., 4Lis
50.000 Toledo, 0., 4Lis
15.000 Troy, N. Y., 4s
3.000 Waltham 4s

$10,000 Waterbury, Conn., 4s
5.000 Woburn 4Lis
20.000 Woonsocket, R. I., 4Lis
30.000 Worcester 3Lis
10.000 Worcester 4s
20.000 Arlington 4Lis
24,500 Bourne 4s
21.000 Bourne 4%s
7.000 Clinton 4s
4.000 Eastport, Me., 4s
6.000 Franklin 4s
13.000 Greenfield 4Lis
2.000 Ipswich 4s
1.000 Leominster 4s
2.000 Longmeadow 4s
15.000 Meriden, Conn., 4s
6.000 Methuen 4s
10.000 Old Orchard, Me., 4s
9.000 Orange 4s
17.000 Plymouth 4s
7.500 Rockport 4s
4.000 Saugus 4s
4.500 Saugus 4Lis
6.000 Sharon 4s
2.000 Stoughton 4s
5.500 Wakefield 4Lis
11.000 Winchester 4s
25.000 Winthrop 3%s
10.000 Wrentham is

Public Funds, Notes.
$8,000 Everett 4s
25.000 Quincy 2.60%
20.000 Somerville 3LsS
10.000 Woburn 3L£s
3.000 Brewster is
6.000 Concord 4s
32.000 Easthampton 4s
35,700 Hull 4s
7.000 Ipswich 4s
10.000 Millbury 4s
10.000 Milton 3s
10.000 Natick 3s
7.000 Provincetown 4s
4.000 Salisbury 4s
5.000 Saugus 4Lis
7,350 Ware 4s
15.000 Westboro 314s

Railroad Bonds.
$25,000 Baltimore & Ohio 3Lis
15.000 Bangor & Aroostook 5s
75.000 Boston & Albany 4s
25.000 Boston & Albany 5s
5,000 Boston & Lowell 3Lis
35.000 Boston & Lowell 4s
14.000 Boston & Maine 3s

D a t e o f E x a m in a t io n , June 14-18 inclusive.


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

$23,000 Boston & Maine 4s
20.000 Boston & Maine 4Lis
10.000 Boston, R. B. & Lynn 4Lis
12.000 Boyer Valley 3Lis
50.000 C., B. & Q. 3Lis
10.000 C., B. & Q. 4a
45.000 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 3Lis
11.000 Fitchburg 4s
14.000 Fitchburg 6s, notes
25.000 Great Northern 4Lis
31.000 Illinois Central 3Lis
20.000 Illinois Central 4s
15.000 Michigan Central 3Lis
60.000 N. Y. C. & H. R. 3Lis
25.000 N. Y. C. & H. R. 4s
50.000 N. Y., N. H. & FI. 3Lis
30.000 N. H., N. H. & H. 4s
15.000 Old Colony 3Lis
35.000 Old Colony 4s
5.000 Peterboro & Hills. 4Lis
25.000 Portland & Ogdens. 4Lis
15.000 St. Paul, Minn. & Man. 4Lis
20.000 Vermont Valley 4Lis
25.000 Wore., Nash. & Roch. 4s
S treet R a ilw a y B o n d s.
$25,000 Boston Elevated 4s
25.000 Boston & Northern 4s
8.000 Brock., Bridgew. & Taun. 5s
11.000 East Middlesex 4s
20.000 Leom., Shirley & Ayer 5s
8.000 Low., Law. & Haverhill 5s
50.000 Lynn & Boston 5s
4.000 N. Bed., Mid. & Brock. 5s
25.000 Old Colony 4s
10.000 Springfield 4s
76.000 West End 4s
21.000 West End 4Lis
35.000 West End 5s
30.000 Worcester Con. 4Lis
5.000 Worcester & Marlboro 5s

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

200

REPO RT OF THE

[Pub. Doc.

MARBLEHEAD SAVINGS BANK, MARBLEHEAD.
154 WASHINGTON STREET.
Incorporated March 18, 1871.

Number of corporators, 64; number of trustees, 18.

J oh n L. G il b e r t , President.
W il l ia m F . N u t t in g , Treasurer.
J oh n G . B r o u g h t o n , Clerk of the Corporation.

Board o f Trustees: R . C . B r id g e , J. G . B r o u g h t o n , W . A . B r o w n , F r a n k C o l e , F . E . C o n l t , J.
L. G il b e r t , F . P . H a m m o n d , W . B . M e r r it t , W . F . N u t t in g , E v e r e t t P a in e , J. D . P a in e ,
T . W . P a in e , G ir d l e r S t a c e y , J. D . S u l l iv a n , H . S. S w e e t l a n d , E . D . T u t t , R ic h a r d T u t t ,
J. S. WORMSTEAD.

Board of Investment: J. L. G il b e r t , E v e r e t t P a i n e , F. P. H a m m o n d , W . A. B r o w n .

Auditing Committee: J. L . G i l b e r t , J. D . S u l l iv a n , J. G . B r o u g h t o n .

Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are pay­
able M ay 1 and Novem ber 1. Business hours: 8.30 a .m . to 1 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
139 loans on real estate (average of each, $2,196.71) .
Less amount due on uncompleted loans .
.
.

.

.
.

.

.

.

.
.

.

.

.
.

Total Assets

.

.

.
.

.
.

.
.
.
.
.
.
.
.
.
.
.
.
$305,543 00
.
.
.
200 00
----------------------7 loans on personal security .
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $2,250; assessed value, $3,4-00)
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.

.
.
.
.
.

.

.

.

.

$129,097 70
21,727 50
44,061 50
5,460 00
3,800 00
6,000 00

305,343 00
84,950 00
2,250 00
103 90
27,861 39
4,159 24

.

.

$634,314 23

Due depositors on 1,925 accounts, averaging $304.80 each
.
.
.
.
(Accounts opened during year, 215; closed, 152; increase, 63)
Surplus: -—
a. Guaranty fund {3.91 % o f deposits; increase during year, $1,409.18) .
h. Profit and loss {increase during year, $1,101.30)
.
.
.
.
.

.

$586,735 46

Liabilities.


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

Total Liabilities .

.

.
.

22,943 49
25,135 28

$634,814 23

201

BANK COMMISSIONER.

No- 8.]

Total Expenses for the Year, including State|Taxes.
Advertising.
State Tax (Net). Salaries.
Rent.
$134.00
Amount paid for
$643.60 $1,000.00
$100.00
.21
C ost per $1,000 of assets
1.01
1.67
.16
Cost per $1,000 of assets not including State tax and rent .

OtheriExpenses.
Total.
$497.17
$2,374.77
.78
3.73
2 .56

Gross income received during the year, $27,768.91.

Rates on Investments and Loans (Average on All, 4.82%).
Real estate loans (average rate, 5.10 per cent.): 4)^% , $3,500; 5%, $267,275; 5J^%, $3,700; 6%, $30,868.
Personal loans (average rate, 4.84 per cent.): 4M %t $35,000; 4)^% , $25,000; 6%, $24,950.
Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 3J^%, $5,000; 4%, $140,500;
4 y2% , $22,000; 5%, $45,000; 6%, $3,800.

Number of loans not over $3,000 each, 127, amounting to $140,900.
19 real estate loans made during year, amounting to $28,850.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 1,625, amounting to

Number of withdrawals during year, 1,117, amounting to

$10,373 71
10,854 26
108,461 97

.

.

Net increase in amount due depositors

.

.

.

$129,689 94
92,230 93
$37,459 01

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Boston 4s
15.000 Fall River 4s
10.000 Holyoke 4)^s
5.000 Lynn 4s
11.000 Marlborough 4s
6.000 Quiney 4s
10.000 Salem 4s
13.000 Attleborough 4s
9.000 Lincoln 4s
5.000 Mansfield 4s
2,500 Marblehead 4s
12.000 Shelburne Falls 4s

Par Value.
$9,000 Stoughton 4s
10,000 Wellesley 4s

Railroad Bonds.
$3,000 Boston & Maine 4s
5.000 C., B. & Q.
5.000 Fitchburg 5s
5.000 Upper Coes 4s
5.000 Upper Coos 4p^s

Street Railway Bonds.
$7,000 Boston Elevated 4Hs
5.000 Boston Elevated 5s

D a t e s op E x a m in a t io n a n d A u d it , March 14-17 inclusive.


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

Par Value.
$5,000 Boston & Northern 4s
12,000 Lowell, Law. & Hav. 5s
5.000 Lynn & Boston 5s
4.000 West End 4s
6.000 West End 5s

Bank Stocks.
Shs.
20 Mt. Vernon Nl. Bk., Boston
54 Marblehead Nl. Bk.
38 Nl. Grand Bk., Marblehead

202

REPO RT OF THE

[Pub. Doc.

MARLBOROUGH SAVINGS BANK, MARLBOROUGH.
32 MECHANIC STREET.
Incorporated Aprii 3, 1860.

Number of corporators, 48; number of trustees, 20.

C h a r l e s F . R o b in s o n , President.
C h a r l e s F . H o l y o k e , Treasurer.
H e r b e r t M . H a z e l t o n , Clerk of the Corporation.

Board of Trustees: W . A . A l l e n , A m e d e e B e a u r e g a r d , G. F. B o n d , M ic h a e l B u r k e , J. F. C o s g r o v e ,
C. W . C u r t is , J. A. C u r t is , C . B. E a g e r , W . B. F a y , J. A . F r y e , W . P. F r y e , B. F. G r e e l e y ,
H . M . H a z e l t o n , C. F. H o l y o k e , E . F. H o u g h t o n , L. P. H o w e , E . I. M o r s e , W . B. M o r s e , C.
F. R o b in s o n , C. T. W a r n e r .
Board of Investment: C . F . R o b in s o n , W . P . F r y e , B . F . G r e e l e y , W . B . M o r s e , G . F . B o n d .
Auditing Committee: E . I. M o r s e , H . M . H a z e l t o n , C . B . E a g e r .
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 30, 1915.
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
.
.
.
.
521 loans on real estate (average of each, $2,889.99) .
24 loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $37,500; assessed value, $36,395)
Real estate b y foreclosure, etc. (assessed value, $12,650)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.

$391,537
742,337
156,862
75,000
62,847
142,048
1,505,684
172,050
33,500
8,480
326
78,780
5,795

Total Assets

50
50
50
00
50
92
00
00
00
10
17
71
05

$3,375,249 95

Liabilities.
Due depositors on 9,005 accounts, averaging $348.61 each
(.Accounts opened during year, 1,020; closed, 877; increase, 143)
Surplus: —
a. Guaranty fund (4-98% of deposits; increase during year, $1,143.59) .
b. Profit and loss (increase during year, $8,201.15)
Current income: —
a. Interest .
.
.
.
.
.
.
$29,178 61
b. R ent
.
.
.
.
.
.
.
996 00
----------------$30,174 61
Less current expenses not charged off
$3,374 55
Less State or local taxes not charged off .
782 50
4,157 05
Suspense account


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

.

.

.

.

.

.

.

Total Liabilities .

$3,139,262 64

156,514 75
52,928 89

26,017 56
526 11

. $3,375,249 95

No. 8.]

BANK COMMISSIONER.

203

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$5,853.67
$6,292.00 $1,800.00
Cost per $1,000 of assets
1.73
1.86
.53
Cost per $1,000 of assets not including State tax and rent .

Advertising.
$82.46
.02

Other Expenses. Total.
$754.54
$14,782.67
.22
4 .36
...........................................
2.10

Gross income received during the year, $150,546.75.

Rates on Investments and Loans (Average on All, 4.69%).
Real estate loans (average rate, 5.06 per cent.): 4%, $70,000 ; 4J^%, $294,000; 4 M % , $14,500; 5%,
$745,871; 5 ^ % , $125,525; 6%, $255,788.
Personal loans (average rate, 4.92 per cen t.): 4J^%, $15,000; 4 % % , $30,000; 5%, $126,500; 6%, $550.
Bonds, stocks, etc. (average rate on amounts invested, 4.31 per cent.): 3%, $10,000 ; 3J^%, $248,000;
V/s% , $22,000; 4%, $829,000; 4 y2%, $169,600; 5%, $158,700; 6%, $27,700; 7M%- SI,200; 8%,
$56,800; 10%, $11,500; 12%, $800; 14%, $11,500.
Number of loans not over $3,000 each, 421, amounting to $490,014.
43 real estate loans made during the year, amounting to $98,300.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 8,267, amounting to
.

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

Number of withdrawals during year, 6,981, amounting to
Net increase in amount due depositors

.

.

.

.
.

.

.

.

.

.

.

$58,751 82
59,682 11
494,005 94

.

$612,439 87
516,037 18

.

$96,402 69

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., 4J£s
25.000 New Bedford 4s
2.000 Quincy 4s
7.000 Portland, Ore., 6s
25.000 San Francisco, Cal., 5s
25.000 Spokane, Wash., 4^s
20.000 Springfield, Mo., 5s
5.000 Worcester 4s
12.000 Arlington 4s
10.000 Attleborough 4s
15.000 Leominster 4s
47.000 Natick 4s
7.000 Warwick 4J^s
10.000 Wellesley 4s
10.000 Br. & Tops., Me. (W. D.), 4s

Public Funds, Notes.
$9,600 Marlborough 4}^s
22,000 Hudson V/&s
3,000 Plymouth 3J^s

Railroad Bonds.
Par Value.
$14,000 Bangor & Aroostook 5s
20.000 Boston & Albany 3J^s
35.000 Boston & Albany 4s
15.000 Boston & Albany 5s
20.000 Boston & Lowell 4}^s
15.000 Boston & Maine 3}4s
47.000 Boston & Maine 4s
40.000 Boston & N. Y. Air L. 4s
50.000 C., B. & Q. Z'As
20.000 C., B. & Q. 4s
20.000 Chic., Mil. & St. Paul 4}^s
25.000 C., R. I. & P. 4s
25.000 Delaware & Hudson Co. 4s
10.000 Fitchburg 3J^s
20.000 Fitchburg 4s
10.000 Illinois Central 3s
35.000 Illinois Central 3J^s
30.000 Illinois Central 4s
10.000 Louisville & Nashville 4s
5,000 Mobile & Montgomery 4J^s
25.000 N. Y. C. & H. R. 4s
20.000 N. Y. & N. Eng. Term. 4s
20.000 N. Y., N. H. & H. 3J^s
60.000 N. Y „ N. H. & H. 4s
25.000 No. Maine Seaport 5s
10.000 Old Colony 3}4s
45.000 Old Colony 4s
30.000 Pitts. Vir. & C. 4s
15.000 Port. & Ogdens. 4J^s

Par Value.
$10,000 Vermont Valley 4J£s
10.000 Washington Co. 3J£s
10.000 Wore., Nashua & R. 4s

Street Railway Bonds.
$42,000 Boston Elevated 4s
33.000 Boston Elevated 4)^s
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
357 Nl. Shawmut Bk., Boston
25 Nl. Union Bk., Boston
8 Second 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.

D a t e s o f E x a m in a t io n a n d A u d it , November 12-18 inclusive.


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

204

REPORT OF THE

[Pub. Doc.

MARSHFIELD SAVINGS BANK, MARSHFIELD.
Incorporated July 5, 1910.

Number of corporators, 41; number of trustees, 21.

L e w is W . H a l l , President.
H o r a t io II. S p r a g u e , Treasurer.
F r a n c is T . H a r l o w , Clerk of the Corporation.

Board o f Trustees: E l ija h A m e s , E . E . A m e s , C . W . B a r t l e t t , W . H. B r o w n , H e n r y C a r v e r , A . H.
C h a n d l e r , J. E . F o r d , L . W . H a l l , W a l t o n H a l l , F . T . H a r l o w , F . W . H a t c h , M . H. K e n t !
L u t h e r L i t t l e , J. W . M e r r il l , O. B. O a k m a n , A . T . S p r a g u e , H. B. S p r a g u e , W . H. S p r a g u e !
J. B. Sw i f t , O sc a r S t e v e n s , G. H. T h o m a s .

Board o f Investment: A. T. S p r a g u e , O sc a r St e v e n s , H e n r y C a r v e r , F. W . H a t c h , E l ija h A m e s ,
C . W . B artlett.

Auditing Committee: W a l t o n H a l l , F. T . H a r l o w , E . E . A m e s .

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 30, 1915.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
Street railway bonds .
.
.
.
.
American Tel. & Tel. Co. bonds
57 loans on real estate (average of each, $842.12)
Less amount due on uncompleted loans .

$15,789
1,937
3,867
885

73
50
50
00

48,001
1,250
108
2,310
109

08
00
72
66
14

$48,010 50
9 42

4 loans on personal security .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.

$74,259 33

Liabilities.
Due depositors on 296 accounts, averaging $243.69 each .
( Accounts opened during year, 66; closed, 17; increase, 39)
Surplus: —
a. Guaranty fund (.75% of deposits; increase during year, $163.94)
b. Profit and loss (increase during year, $410-17)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Suspense account

.


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

.

.

.

.

.

.

.

Total Liabilities .

.

$72,133 71

528 72
632 62
$1,037 58
93 30
----------------

944 28
20 00

$74,259 33

No. 8.]

BANK COMMISSIONER.

205

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent. Advertising. Other Expenses.
Am ount paid for
$85.23
$45.30
$10.00
$21.00
$103.87
Cost per $1,000 of assets
1.15
.61
.13
.28
1.40
Cost per $1,000 of assets not including State tax and rent .

Total.
$265.40
3 .5 7
2.29

Gross income received during the year, $3,629.66.

Rates on Investments and Loans (Average on All, 5.36%).
Real estate loans (average rate, 5.90 per cent.): 5%, $4,700; 6%, $43,301.08.
Personal loans (average rate, 5.32 per cent.): 5%, $850; 6%, $400.
Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cen t.): 3J^%, $4,000; 4%, $12,000; 4> 2 %,
$5,000; 5%, $2,000.

Number of loans not over $3,000 each, 56, amounting to $43,310.50.
10 real estate loans made during year, amounting to $7,300.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 279, amounting to
.

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

Number of withdrawals during year, 169, amounting t o

.

Net increase in amount due depositors

.

.

.
.

.

.
.

.
.

.
.

.
.

$1,221 70
1,275 94
18,491 77
$20,989 41
12,163 42
$8,825 99

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$1,000 California 4s
2.000 Massachusetts 3J^s
2.000 Los Angeles, Cal., 4J^s
2.000 New Bedford 4s
2.000 New London, Conn., 4s
2.000 Seattle, Wash., 4p£s

D a tes

o f

Par Value.
$1,000 Meriden, Conn., 4%s
2.000 Norwich, Conn., 3J^s
2.000 Orange 4s

E x a m in a t io n a n d A u d it , O cto b e r 1, 2 and 8.


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

Railroad Bonds.
Par Value.
$1,000 Boston & Albany 4s
. 1,000 N. Y., N. H. & H. 4s

Street Railway Bonds.
$2,000 West End 4s
2,000 West End 5s

206

REPORT OF THE

[Pub. Doc.

MECHANICS SAVINGS BANK, HOLYOKE.
345-347 DWIGHT STREET.
Incorporated March 16, 1872.

H

enry

Number of corporators, 50; number of trustees, 17.

E. G a y l o r d , President.
N

ath an

I saac
P. A very,

E. S a w y e r , Treasurer.

Clerk of the Corporation.

Board of Trustees: N. P. A v e r y , E. P. B a g g , E . W . C h a p i n , A. W . E s l e e c k , G . F. F o w l e r , T . H.
F o w l e r , H. E. G a y l o r d , C . E . M a c k i n t o s h , J. S. M cE l w a i n , A. J. N e w e l l , C . P . R a n d a l l ,
J. F . R a n g e r , C . W . R i d e r , H. G . S e a r s , J. A . S k i n n e r , F . M . S m i t h , F . S. W e b b e r .

Board of Investment: H . E . G a y l o r d , H. G . S e a r s , C . E . M a c k i n t o s h , J. F . R a n g e r , A . J. N e w e l l .
Auditing Committee: G . F . F o w l e r , F . S. W

ebber,

C. P. R andall.

Deposits draw interest from first day of February, M ay, August and Novem 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 OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
.
.
.
640 loans on real estate {average of each, $3,686.98) .
.
.
.
.
.
.
78 loans on personal security
.
.
.
.
.
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $6,200)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ...................................................................................................................................................

Total Assets

$402,502 15
392,244 55
134,182 50
65,402 00
106,987 00
6,200 00
2,359,670 00
247,127 00
10,000 00
7,299 45
186,470 07
10,050 97

$3,928,135 69

Liabilities.
Due depositors on 7,036 accounts, averaging $506.69 each
(Accounts opened during year, 1,105; closed, 966; increase, 139)
Surplus: —
a. Guaranty fund (4-92% of deposits; increase during year, $4*938)
h. Profit and loss (increase during year, $18,888.80) .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

$3,565,095 85

175,486 00
103,239 77
$90,223 94
5,909 87
84,314 07

Total Liabilities .

. $3,928,135 69

No. 8.]

BAN K COMMISSIONER.

207

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$4,291.08
$7,717.34 $2,000.00
$318.64
$2,158.45 $16,485.51
Cost per $1,000 of assets
1.09
1.96
.51
.08
.55
4.19
Cost per $1,000 of assets not including State tax and rent .
................................................................... 2.59

Gross income received during the year, $178,192.67.

Rates on Investments and Loans (Average on All, 4.80%).
Real estate loans (average rate, 4.99 per cent.): 4)^% , $62,000; 5%, $2,295,620; 6%, $2,050.
Personal loans (average rate, 5.08 per cen t.): 5%, $181,872; 5J£%, $10,000; 5}-^%, $27,805; 6%, $23,400.
Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cent.): 3}4% , $89,000; 3.67%, $50,000;
4%, $601,000; 4M % . $10,000; 4J^%, $137,000; 5%, $137,100; 6%, $41,800; 7%, $32,200; 10%,
$5,300; 16%, $2,900.

Number of loans not over $3,000 each, 499, amounting to $737,482.
59 real estate loans made during year, amounting to $251,638.31.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2%
Number of deposits during year, 8,919, amounting to

$66,161 74
66,831 28
642,119 56

Number of withdrawals during year, 7,187, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.
.

$775,112 58
665,022 54
$110,090 04

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 3}4s
10.000 Massachusetts 4s
15.000 Boston 4s
5.000 Chicago, 111., 4s
5.000 Chicago, 111., 4)4s
13.000 Cleveland, 0., 5s
5.000 Decatur, 111., 4s
2.000 Dubuque, la., 4s
10.000 Duluth, Minn., 4s
10.000 Duluth, Minn., 4)^s
75,500 Holyoke 4s
10.000 Los Angeles, Cal., 4}^s
1.000 Milwaukee, Wis., 3)^s
2.000 Milwaukee, Wis., 4s
1.000 Milwaukee, Wis., 4Hs
20.000 Omaha, Neb., 4)^s
25.000 Seattle, Wash., 5s
2.000 St. Louis, Mo., 4s
24.000 St. Paul, Minn., 4)^s
3.000 Brookline 3)^s
11.000 Easthampton 4s
15.000 So. Hadley 4s

D ates

o p

Public Funds, Notes.
Par Value.
$50,000 Holyoke 3Jfis
50.000 Holyoke 3.67%
3,500 Granby 4s
10.000 South Hadley 3J^s

Railroad Bonds.
$10,000 Bangor & Aroostook 5s
75.000 Boston & Albany 4s
1,000 Boston & Lowell 4s
10.000 Boston & Lowell 4V£s
35.000 Boston & Maine 4s
22.000 Boston & Maine 4)^s
60.000 C., B. & Q. 4s
10.000 Cnic., Mil. & St. Paul 4J-&
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

E x a m in a t io n , June 30-July 2 inclusive.


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

Par Value.
$5,000 No. Maine Seaport 5s
15,000 Pennsylvania 4b£s

Street Railway Bonds.
$15,000 Boston Elevated 4s
10.000 Boston Elevated 5s
25.000 Boston & Northern 4s
39,100 Holyoke 5s
3.000 Springfield 4s
9.000 West End 4s
10.000 West End 4)/£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

208

REPO RT OF THE

[Pub. Doc,

MECHANICS SAVINGS BANK, LOWELL.
202 MERRIMACK STREET.
Incorporated M arch 1, 1861.
A lexander

Number of corporators, 37; number of trustees, 21.

G. C u m n o c k , President.
H aven

C harles H . C

log sto n ,

Treasurer.

G. H i l l , Clerk o f the Corporation.

Board of Trustees: J. C . B e n n e t t , E. N . B u r k e , C .
F r a n k H a n c h e t t , A . E. H a t c h , H . G. H i l l , A.
N . G. N o r c r o s s , H . H . P a r k e r , W . L . P a r k e r ,
T . A. S t e v e n s , J. F . T a l b o t , W . G. W a r d , J.

H . C l o g s t o n , A. G. C u m n o c k , F . A. F l a t h e r ,
D . M i l l i k e n , W . A. M i t c h e l l , C . H. N e l s o n ,
M . A. R a w l i n s o n , J. J. R o g e r s , J. F . S a w y e r ,
K . W h it t ie r .

Board of Investment: C. H. N e l s o n , W . L. P a r k e r , E. N . B u r k e , J. F. S a w y e r , C. H. C l o g s t o n .
Auditing Committee: N . G. N o r c r o s s , T . A . S t e v e n s , 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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds
.
. •
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
413 loans on real estate (average of each, $5,252-47) .
.
.
.
.
.
25 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $70,000; assessed value, $69,750)
Real estate by foreclosure, etc. (assessed value, $19,050) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.
.
.
.

.
.
.
.
.
.
.

.

.
.
.
.

.

.

.

$460,000 00
489,445 00
194,580 00
45,250 00
3,900 00
2,169,271 41
463,180 00
67,000 00
18,812 02
343 20
13,574 45
16,372 83

$3,941,728 91

Liabilities.
Due depositors on 6,113 accounts, averaging $602.12 each
(Accounts opened during year, 687; closed, 609; increase, 78)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $J,,268.30)
b. Profit and loss (increase during year, $10,912.85) .
Current income: —
a. Interest .
.
.
.
.
.
.
$55,959 03
b. R e n t .......................................... ..........
.
1,330 39

$3,680,790 44

184,045 04
24,543 76

$57,289 42
Less current expenses not charged off
Less State or local taxes not charged off

$4,181 56
1,454 05
5,635 61
51,653 81
695 86

Suspense account


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

Total Liabilities .

. $3,941,723 91

No. S.’

209

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses.
Total.
.
$756.01
$1,374.55 $17,914.05
.19
.35
4 .5 4
..........................................
2 .8 0

State Tax (Net). Salaries.
Rent.
Amount paid for
$0,866.67
$8,916.82
Cost per $1,000 of assets
1.74
2 .26
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $174,665.30.

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 4.99 per cent.): 4%, $4,316.46; 4J^%, $190,150; 5%, $1,832,939.95;
5H % , $30,000; 5Ji% , $78,000; 6%, $33,865.
Personal loans (average rate, 4.68 per cent.): 4)^% , $335,530; 5%, $97,650; 5 % % , $30,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.03 per cent.): 3%, $25,000; ¿ A % , $225,000;
4%, $872,000; 4 ^ % , $50,000; 6%, $35,000; 8%, $3,900.
Number of loans not over $3,000 each, 241, amounting to $330,639.01.
48 real estate loans made during year, amounting to $373,838.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 2 %
Number of deposits during year, 3,904, amounting to
.

.

Number of withdrawals during year, 4,563, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.

.

.

.

.
.

$69,555 96
70,687 16
424,041 90
$564,285 02
443,071 52
$121,213 50

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$40,000 Allegheny, Pa., 3Vis
50.000 Boston 4s
75.000 Cambridge 3J^s
25.000 Chicago, 111., 4s
16.000 Lawrence 4s
20.000 Marlborough 4s
50.000 New Bedford 4s
10.000 Peoria, 111., 4s
21.000 Pittsburgh, Pa., 4s
10.000 Portland, Ore., 6s
20.000 Providence, R. I., 4s
25.000 Waterbury, Ct., 4s
25.000 Woonsocket, R. I., 4s
15.000 Andover 4s
10.000 Peabody '¿As

D

ates

of

E x a m in a t io n ,


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

Par Value.
$18,000 Peabody 4s
31.000 Wakefield 4s

Railroad Bonds.
$40,000 Boston & Maine 4s
25.000 Boston & Maine 4)^s
25.000 C., B. & Q. 3J^s
10.000 Chic., Mil. & St. P. 4Vis
19.000 Chic. & Northwestern 4s
50.000 Concord & Montreal 4s
20.000 Delaware & Hudson Co. 4s
10.000 Fitchburg 4s
25.000 Fitchburg 6s notes
25.000 Illinois Central 3s
25.000 Illinois Central 4s
10.000 New England 4s

April 5, 6.

Par Value.
$25,000 N. Y. C. & II.' R. 3Ris
50.000 N. Y „ N. H. & H. 3Ms
65.000 N. Y., N. H. & H. 4s
30.000 Old Colony 4s
15.000 Pennsylvania 4}^s
30.000 Portland Terminal Co. 4s

Street Railway Bonds.
$150,000 Boston Elevated 4s
22.000 Boston & Northern 4s
25.000 West End 4s

Bank Stocks.
Shs.
39 Union Nl. Bk., Lowell

210

REPORT OF THE

[Pub. Doc.

MECHANICS SAVINGS BANK, READING.
194 MAIN STREET.
Incorporated March 20, 1891.

C har les H . N

ow ell,

Number of corporators, 25; number of trustees, 12.

President.

L e w is M . B a n c r o ft,

E dgar N . H u n t ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: O . L . A k e r l e y , L . M . B a n c r o f t , A . J. F r a n c is , E. N . H u n t , H . R . J o h n s o n ,
J. E. K e l l e y , J a c o b M i t c h e l l , M . E . N i c h o l s , C. H . N o w e l l , W . S. P a r k e r , M . A . S t o n e ,
A . F . U pton.

Board of Investment: C. H. N o w e l l , M . E . N ic h o l s , H. R . J o h n s o n .
Auditing Committee: A . J. F r a n c is , A . F . U p t o n , O . L . A k e r l e y .
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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
Stocks of bahks and trust companies
.
.
.
190 loans on real estate {average of each, $1,636.30) .
Less amount due on uncompleted loans .
.
.

.
.
.
.

.
.
.
.
.

.
.
.
.

.

.
.

.
.
.
.

.
.
.
.

.

.

.
$313,675 80
2,779 07

.

.

.
.
.
.

.

7 loans on personal security .
Furniture and fixtures .
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.

Total Assets

.

.

.

.

.

$41,210
90,803
7,775
6,507
2,100

00
13
00
50
00

310,896
11,867
742
13,758
1,664

73
50
69
05
19

$487,324 79

Liabilities.
Due depositors on 2,380 accounts, averaging $192.03 each
.
.
.
.
.
$457,045 34
(Accounts opened during year, S79; closed, 211; increase, 168)
Surplus: —
a. Guaranty fund (2.75% of deposits; increase during year, $1,100.80) .
.
.
12,559 04
b. Profit and loss {increase during year, $1,446.54)
.
.
.
.
.
.
9,548 22
Current income: —
а. Interest .
.
.
.
.
.
.
$8,708 05
б. Rent
.
.
.
.
.
.
.
106 66
----------------------$8,814 71
' Less current expenses not charged off
.
.
.
.
642 52
-----------------------8,172 19


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

Total Liabilities .

.

.

.

.

$487,324 79

No.

211

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Advertising. Other Expenses.
Rent.
Amount paid for
.1650.93
$700.00
$260.55
$35.00
$377.68
Cost per $1,000 of assets
1.33
1.44
.53
.07
.77
Cost per $1,000 of assets not including State tax and rent .

Total.
$2,024.16
4 .14
2 .2 8

Gross income received during the year, $21,897.50.

Rates on Investments and Loans (Average on All, 4.76%).
Real estate loans (average rate, 5.04 per cen t.): 4%, $1,200; 5%, $295,656.73; 5J^%, $700; 6%, $13,340.
Personal loans (average rate, 5.29 per cent.): 5%, $8,417.50; 6%, $3,450.
Bonds, stocks, etc. (average rate on amounts invested, 4.14 per cent.): 3%, $10,000; 33^2%, $27,000;
4%, $81,100; 5%, $33,000.
Number of loans not over $3,000 each, 161, amounting to $208,664.23.
31 real estate loans made during year, amounting to $46,125.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1914, 2%
June, 1915, 2%
Number of deposits during year, 2,691, amounting to

$8,000 72
8,211 72
124,508 85

Number of withdrawals during year, 2,063, amounting to.

$140,721 29
108,710 57

Net increase in amount due depositors

.

$32,010 72

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$10,000 Boston 4s
16,000 Reading 4s
6,000 Dracut (W. D.), 4s

Public Funds, Notes.
$5,000 North Reading 4s
4,000 Reading 4s

D ate

op

E x a m in a t io n ,


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

Par Value.
$5,000 Baltimore & Ohio 3)^s
13.000 Bangor & Aroostook 5s
5.000 Boston & Maine 4s
12.000 C„ B. & Q. 3J^s
1.000 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
March 11.

Par Value.
$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

212

REPO RT OF THE

[Pub. Doc.

MEDFORD SAVINGS BANK, MEDFORD.
29 HIGH STREET.
Incorporated February 26, 1869.

G eorge 0 . F o ster,

President.
J.

Number of corporators, 73; number of trustees, 18.

C harles
G il m a n

W a it e ,

B . B u ss,

Treasurer.

Clerk of the Corporation.

Board of Trustees: E. F. A l l e n , H. B . B a l l o u , C . M . B r e w e r , J. A . C h a p i n , G . 0 . F o s t e r , J. E .
G a t e s , Sid n e y G l e a s o n , H . A . H a n s c o m , W . N . H o m e r , R . B . L a w r e n c e , W . B . L a w r e n c e ,
a it e ,

W . P . M a r t i n , J. H . N o r c r o s s , C . H. P a r k e r , E. S . R a n d a l l , J. W . R o c k w e l l , J. G . W
W . C. W a it .

Board of Investment: G . 0 . F o s t e r , E. S. R a n d a l l , C . H . P a r k e r , E . F . A l l e n , H . A . H a n s c o m .

Auditing Committee: J. A . C h a p i n , W . B. L a w r e n c e , J. E. G a t e 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 a . m . to 3 p . m . ; Saturdays,
8 a . m . to 12 m . ; 7 to 9 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
855 loans on real estate (average of each, $2,224-15) .
.
.
.
.
.
.
9 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $23,200; assessed value, $23,200)
.
Real estate b y foreclosure, etc. (assessed value, $8,150)
.
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Cash and cash items

Total Assets

.

.

.

.

.

$140,000 00
707,695 00
125,000 00
24,000 00
1,901,650 00
107,100 00
7,500 00
5,000 00
11 25
88,682 73
12,537 42

.

.

$3,119,076 40

Due depositors on 9,555 accounts, averaging $294.18 each
.
.
.
.
(Accounts opened during year, 1,132; closed, 891; increase, 241)
Surplus: —
a. Guaranty fund (4-99% o f deposits; increase during year, $3,800)
.
h. Profit and loss (increase during year, $21,260.46) .
.
.
.
.

.

$2,810,984 76

Liabilities.

Total Liabilities .

.

.

.

.
.

.

140,500 00
*167,591 64

.

$3,119,076 40

* November, 1915, dividend of $53,801.66 not yet charged out of this amount.


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

BANK COMMISSIONER.

No. 8.'

213

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$3,694.53 $6,322.36 $1,500.00
$77.30
$1,903.51
$13,497.70
Cost per $1,000 of assets
1.18
2 .0 2
.48
.02
.61
4.31
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .6 5

Gross income received during the year, $145,428.56.

Rates on Investments and Loans (Average on All, 4.85%).
Real estate loans (average rate, 5.01 per cent.): 4%, $1,100; 4)^%, $15,500; 5%, $1,843,950; 5J^%,
$17,600; 6%, $23,500.
Personal loans (average rate, 4.49 per cent.): 4J^%, $25,000; 4J^%, $25,000; 4]/•>%, $25,000; 4 ^ % ,
$25,000; 5%, $5,000; 6%, $2,100.
Bonds, stocks, etc. (average rate on amounts invested, 4.58 per cent.): 3%, $30,000; 3J^%, $143,000;
4%, $355,000; 4J^%, $214,000; 5%, $174,000; 6%, $43,000; 7%, $35,000; 7 M%, $5,000; 8%,
$ 11,000 ; 12% , $ 8 ,000 .

Number of loans not over $3,000 each, 674, amounting to $1,127,550.
78 real estate loans made during year, amounting to $178,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2%
Number of deposits dining year, 10,102, amounting to

$52,446 76
53,274 69
439,080 00

Number of withdrawals during year, 7,626, amounting to

$544,801 45
466,941 30
$77,860 15

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Massachusetts 3)4s
10.000 Massachusetts 4s
20.000 Bristol Co. 4s
20.000 Brockton 4J4s
25.000 Fall River 4s
15.000 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. 3Hs
25.000 Chicago, Mil. & St. P. 5s
25.000 Chic. & Northw. 4s

D ates

o p

E x a m in a t io n ,


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

Par Value.
$24,000 Chie. & Northw. 5s
39.000 Cleveland & Pitts. 4J^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}4s
10.000 Fitchburg 6s notes
30.000 Illinois Central 3s
15.000 Kal., Alle. & Gr. R. 5s
25.000 New Orleans & Mobile 6s
50.000 N. Y., N. H. & H. 4s
50.000 Port. & Ogdens. 4}4s
10.000 Portland Terminal Co. 4s
30.000 Ports., Gr. F. & Con. 4 J^s
18.000 Sioux City & Pac. 3)^s
25.000 Troy & Boston 7s

January 12, 13.

Par Value.
$25,000 Vermont Valley 4)^s
25.000 Washington Co. V/&
10.000 Winona & St. Peter 7s

Street Railway Bonds.
$50,000 Boston Elevated 4s
50.000 Lynn & Boston 5s
25.000 Worcester Cons. 4his

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

214

REPORT OF THE

[Pub. Doc

MEDWAY SAVINGS BANK, MEDWAY.
VILLAGE STREET.
Incorporated February 20, 1871.

A d d is o n

E.

B u llard ,

Number of corporators, 29; 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 pto n ,

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 t j l l a k d , F. C . C l a e 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.

B u llard ,

E. F.
Auditing Committee: S. G.

C la r k ,

G. W .

W . N.

G.

B u lla r d , S.

R ic h a r d s o n ,

H. H.

H it c h c o c k ,

F.

C la r k ,

W . L.

C . C lark ,

P alm er,

T h o rn e.

W. W.

G. S.

O llen dorff,

B e n t,

G. P

H o lbro ok .

Deposits draw interest from first day of March, June, September and December; dividends are pay­
able on and after June 15 and December 15. Business hours: 9 a . m . to 12 m . ; 2 to 5 p . m . ; Sat­
urdays, 9 a . m . to 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
205 loans on real estate (average of each, $1,615.63) .
6 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.

.
.
.

.
.

Total Assets

.
.
.
.
.

.
.
.

.
.

.
.
.
.

.

.

.

.

.
.
.
.

.
.
.

.

.

.
.
.
.

.

.

.

.

$73,058
145,960
10,000
8,827
331,205
4,400
2,369
5,546
2,162

69
00
00
50
00
00
41
12
81

.

.

.

$583,529 53

Due depositors on 1,809 accounts, averaging $289.76 each
.
.
.
(Accounts opened during year, 188; closed, 177; increase, 11)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, $885.13)
b. Profit and loss (increase during year, $2,506.58)
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
...
.
.
.
.

.

.

$524,181 25

Liabilities.


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

.

26,283 49
22,332 08

.

$11,663 06
930 35
10,732 71

Total Liabilities .

.

.

.

.

$583,529 53

No. 8.]

BANK COMMISSIONER.

215

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$908.56
$1,500.00
$325.00
$33.25
$504.78
$3,371.59
Cost per $1,000 of assets
1.56
2 .57
,56
.06
.86
5.61
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
3.49
Gross income received during the year, $27,028.61.

Rates on Investments and Loans (Average on All, 4.96%).
Real estate loans (average rate, 5.49 per cent.): 5%, $141,510; 5)^% , $57,200; 6%, $132,495.
Personal loans (average rate, 5.77 per cent.): 5%, $1,000; 6%, $3,400.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.); 3%, $1,000; 3}4% , $46,000; 4%,
$134,058.69; 4 % % , $22,000; 5%, $31,000; 6%, $2,000; 7%, $5,000.
Number of loans not over $3,000 each, 183, amounting to $215,530.
33 real estate loans made during year, amounting to $49,075.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Dec., 1914, 2%
June, 1915, 2%
Number of deposits during year, 1,426, amounting to

$9,762 06
9,875 53
97,191 02

Number of withdrawals during year, 1,289, amounting to

$116,828 61
100,024 09
$16,804 52

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3J^s
5.000 Belfast, Me., 4s
6.000 Boston 4s
5.000 Chicago, 111., 4s
5.000 Haverhill 4s
2.000 Minneapolis, Minn., 4J^s
3.000 Springfield, 0., 5s
4.000 Worcester 4s
5.000 Douglas 4s
5.000 Medway 4s
3,500 N. Attleborough 4s
10,000 Kittery, Me. (W. D.), 5s

D ate

o f

E x a m in a t io n ,


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

Public Funds, Notes.
Par Value.
$12,458 Medway 4s
2,100 Millis 4s

Railroad Bonds.
$5,000 Bangor & Aroostook 5s
2.000 Boston & Lowell 4s
5.000 Boston & Maine 4)^s
3.000 Boston & Providence 4s
2.000 Burl. & Mo. Riv. 6s
2.000 Cedar Rapids & Mo. Riv. 7s
10.000 C., B. & Q. 3^s
6.000 C., B. & Q. 4s
5.000 Chic. & Northw. 5s
11.000 Concord & Montreal 4s

January 11.

Par Value.
$5,000 Fitchburg 4s
1.000 Illinois Central 3s
16.000 Illinois Central 3)^s
10.000 Illinois Central 4s
5.000 New England 4s
10.000 N. Y. C. & H. R. 3J^s
26.000 N. Y., N. H. & H. 4s
3.000 Northw. Union 7s
3.000 Old Colony 4s
5.000 Ports., Gt. F. & C. 4J^s
8.000 St. J. & Lake C. 5s
5.000 Washington Co. 3J^s

Street Railway Bonds.
$10,000 Boston Elevated 4}^s

216

REPO RT OF THE

[Pub. Doc.

MELROSE SAVINGS BANK, MELROSE.
497 MAIN STREET.
Incorporated April 5, 1872.

M o ses

S. P ag e,

President.

F ban k
H en by

Board of Trustees:
G . R .

Number of corporators, 64; number of trustees, 12.

A .

B u sh ,

C . H . A d am s, F . P . B o w de n , A . L . C a e b ,

J o n e s , C . H . L a n g , J r ., J o h n

Board o f Investment:

L abb abee, E .

M . S. P a g e , C . H . A dam s, John

Auditing Committee: F.

P . B o w den ,

W . C.

M . H o yt,

Treasurer.

Clerk of the Corporation.
W.

C . G o ss, J. A . H e w e s,

W.

A . Je pso n ,

S. P a g e , M . S. P a g e , F . P . Sh u m w a y .

L a b b abee, A . L . C a b b .

G o s s , D e c iu s

B e e b e .*

Deposits draw interest from first day of January, April, July and October; dividends are payable the
third W ednesday of January and July. Business hours: 8 a . m . to 2 p . m .; Saturdays, 8 a . m . to
12 m ., and 7 to 9 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
689 loans on real estate (average of each, $1,748.71) .
Less amount due on uncompleted loans .

20
30
75
00
00
00

1,204,860
649,330
6,256
25
61,839
2,847

19
14
97
60
05
23

$1,206,859 83
1,999 64

68 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $9,300)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

Total Assets

$282,400
242,348
81,437
30,600
750
3,050

.

.

.

.

.

$2,565,745 43

Liabilities.
Due depositors on 9,362 accounts, averaging $245.21 each
{Accounts opened during year, 1,012; closed, 701; increase, 311)
Surplus: —
a. Guaranty fund {4.86% of deposits; increase during year, $11,051.68)
b. Profit and loss {decrease during year, $1,213.15)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.


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

Total Liabilities .
* Since deceased.

.

.

$2,295,632 35

111,585 38
114,265 33
44,262 37

.

.

$2,565,745 43

No. 8.]

BANK COMMISSIONER.

217

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising.
Amount paid for
$4,524.62
$5,230.80
$600.00
$360.88
Cost per $1,000 of assets
1.76
2 .0 4
.23
.14
Cost per $1,000 of assets not including State tax and rent .

Other Expenses.
Total.
$2,140.82
$12,857.12
.83
5.00
3.01

Gross income received during the year, $116,941.41.

Rates on Investments and Loans (Average on All, 4.88%).
Real estate loans (average rate, 5.26 per cent.): 4J^%, $9,000; 5%, $738,067.49; 5}4% , $267,535.20;
6%, $190,257.50.
Personal loans (average rate, 4.81 per cent.): 4}4% , $303,000; 4% % , $10,000; 4 % % , $122,500; 5%,
$92,843; 5 H % , #65,000; 5 ^ % , $10,600; 5 % % , $10,000; 6%, $35,387.14.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3J^%, $15,000; 4% , $512,300;
4M % , $15,000; 4 ^ % , $79,000; 5%, $33,050; 6%, $1,000; 8%, $500.
Number of loans not over $3,000 each, 642, amounting to $989,157.29.
100 real estate loans made during year, amounting to $195,342.48.

Dividends, Deposits and Withdrawals.
$41,057
42,662
10,248
486,079/

Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Extra dividends declared during year,
Jan., 1915, 3^%
Number of deposits during year, 12,002, amounting to

Number of withdrawals during year, 8,301, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.
.

$580,047 30
426,731 40
$153,315 90

SCHEDULE OF SECURITIES OWNED.
P u b lic F u n d s, B on d s.
Par Value.
$10,000 Baltimore, Md., 4s
1.000 Bath, Me., 4s
10.000 Belfast, Me., 4s
31.000 Boston 4s
1.000 Chicago, 111., 4s
1.000 Duluth, Minn., 4s
6.000 Everett 4s
10.000 Haverhill 3}4s
2,500 Hyde Park 4s
3.000 Lawrence 4s
5.000 Los Angeles, Cal., 4)^3
4.000 Lowell 4s
1.000 Lynn 4s
1.000 Malden 4s
46.000 Melrose 4s
26.000 New Bedford 4s
4.000 Norwalk, Conn., 4s
5.000 Providence, R. I., 4s
10.000 Quincy 4Ks
5.000 San Francisco, Cal., i ’/is
25.000 San Francisco, Cal., 5s
3.000 Seattle, Wash., 4}is

D ates

o p

E x a m in a t io n ,


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

Par Value.
$2,000 St. Paul, Minn., 4s
1.000 Somerville 4s
15.000 Spokane, Wash., 4J/£s
1.000 Taunton 4s
5.000 Amesbury 4s
4.000 Ashland 4s
9.000 Danvers 4s
10.000 Peabody 4s
1.000 Revere 4s
5.000 Southborough 4s
1.000 Winchester 4s

Public Funds, Notes.
$18,800 Melrose 4s

Railroad Bonds.
$29,000 Boston & Albany 4s
14.000 Boston & Lowell 4s
54.000 Boston & Maine 4s
20.000 Boston & Maine 4Hs
24.000 C., B. & Q. 4s
10.000 Chic., Mil. & St. Paul 4J/£s

April 20-23

in c lu s iv e .

Par Value.
$14,000 Chic. & Northw. 4s
22.000 Concord & Montreal 4s
28.000 Fitchburg 4s
5.000 Fitchburg 4J^s
1.000 F., Elk. & Mo. V- 6s
5.000 Gt. Northern 4J/£s
10.000 N. Y. C. & H. R. 4s
10.000 N. Y., N. H. & H. 4s
5.000 Peoria & Northw. 3}4s

Street Railway Bonds,
$21,000 Boston Elevated 4s
16.000 Boston Elevated 4J^s
5.000 Boston Elevated 5s
18.000 Boston & Northern 4s
1.000 Old Colony 4s
23.000 West End 4s

Bank Stocks.
Shs.
5 Melrose Nl. Bk.

33
42
02
53

218

REPO RT OF THE

[Pub. Doc.

MERRIMAC SAVINGS BANK, MERRIMAC.
MAIN STREET.
Incorporated April 19, 1871.

D a n ie l

W .

G ould,

President.
A. R a y m

Number of corporators, 41; number of trustees, 15.

F r e d e r ic k
W aterh ou se,

o n d

C . G ran t,

Treasurer.

Clerk of the Corporation.

Board of Trustees: D . W . G o u l d , F. C. G r a n t , H. W . H a l e , F. B. J u d k i n s , Z e n a s L o v e l l , J.
P e a s e , E. H. P r e b l e , G . E. R i c k e r , C. E . R o w e l l , B. H. S a r g e n t , E. P . S a r g e n t , W .
S a r g e n t , H. H. S t o r y , G . A . T i t c o m b , G . T . W a l k e r .

Board o f Investment: D . W .

Auditing Committee: W . B.

G ou ld,

E . P.

Sa r g e n t ,

Sarg en t,

H. H.

Sto r y,

B. H.

Sa r g e n t .

B. H.

Sarg en t.

F.
B .

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 3 p . m .; Saturdays,
9 a .m . to 12.30 P.M.

STATEMENT OF CONDITION

OCTOBER 30, 1915.

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
138 loans on real estate (average of each, $2,163.76) .
5 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Real estate by foreclosure, etc. (assessed value, $800)
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.

Total Assets

$27,000
108,871
15.000
20.000
7,000
2,550
298,599
28,500
1,479
900
33,044
1,351

.

.

.

.

.

00
33
00
00
00
00
36
00
17
00
96
58

$544,296 40

Liabilities.
Due depositors on 1,541 accounts, averaging $333.31 each
(Accounts opened during year, 118; closed, 123; decrease, 5)
Surplus: —
a. Guaranty fund (4.99% of deposits; increase during year, none)
b. Profit and loss (increase during year, $1,609.49)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.


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

Total Liabilities .

.

$513,630 56
25,629 63
4,830 13
$213 05
6 97
-------------

.

.

.

206 08

$544,296 40

No.

BANK COMMISSIONER.

219

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$847.50
$2,087.42
$223.60
Cost per $1,000 of assets
1.56
3 .8 3
.41
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$25.64
$391.61
$3,575.77
.05
.72
6.57
4.60

Gross income received during the year, $24,912.30.

Rates on Investments and Loans (Average on All, 4.61%).
Real estate loans (average rate, 5.10 per cent.): 5%, $263,024.36; 5)^% , $10,900; 6%, $24,675.
Personal loans (average rate, 4.71 per cent.): 4)^% , $15,000; 4J^%, $5,000; 5%, $8,500.
Bonds, stocks, etc. (average rate on amounts invested, 3.78 per cent.): 3%, $10,000; 3J^%, $93,000; 4%,
$73,000; 4 H % . $5,000; 5%, $2,550.

Number of loans not over $3,000 each, 92, amounting to $107,499.36.
11 real estate loans made during year, amounting to $19,350.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 1,006, amounting to
.

.

Number of withdrawals during year, 1,112, amounting to
N et increase in amount due depositors

.

.

.

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

$9,828 09
9,809 75
54,061 90

.

.

$73,699 74
67,818 77

.

$5,880 97

.

.
.

.
.

.
.

SCHEDULE OF SECURITIES OWNED,
Public Funds, Bonds.
Par Value.
$9,000 Chicopee 3b£s
5.000 Waterbury, Ct., 4s
5.000 Auburn, Me., 4s
3.000 Merrimac 4s

Public Funds, Notes.
$5,000 Merrimac 4s

D ate

of

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$20,000 Boston & Maine 4s
16.000 C., B. & Q. 3y2s
5.000 Chic., Mil. & St. Paul 4)^s
6.000 Concord & Montreal 4s
5.000 Erie & Pittsburgh 3}4s
10.000 Illinois Central 3s
15.000 Illinois Central 3
10.000 Michigan Central 3)^s
10.000 N. Y., N. H. & H. 3Ks
February 11.

Par Value.
$6,000 Old Colony 4s
8,000 Peoria & Northw. 3)d>s

Street Railway Bonds.
$15,000 Boston Elevated 4s

Bank Stocks.
Shs.
25V£ First Nl. Bk., Merrimac

220

REPO RT OF THE

[Pub. Doc.

MERRIMACK RIVER SAVINGS BANK, LOWELL.
417 MIDDLESEX STREET.
Incorporated February 24, 1871.

N ath an

G .

L am son,

Number of corporators, 39; number of trustees, 20.

President.
Jam es

F r a n k l in
G .

H il l ,

E .

Johnson,

Treasurer.

Clerk of the Corporation.

Board of Trustees: B. F . C a d y , M i c h a e l C o r b e t t , C. M . F o r r e s t , H. C . F u l l e r , W . H. F u l l e r ,
C. E . G o u l d i n g , J. J. H a r v e y , F . H. H a y n e s , J. G. H i l l , W . H. H o w e , F . E . J o h n s o n , J. H.
J o h n s o n , N. G. L a m s o n , C . P . P e r h a m , O . B. R a n l e t t , C h a r l e s R u n e l s , H. C . T a f t , C. F .
V a r n u m , P . E . Y a r n u m , C. F . Y o u n g .

Board of Investment: N . G.

Auditing Committee: H. C.

L am son ,

C. F.

V arn u m ,

T a f t , J. G . H il l ,

W . H.

H. C.

T a ft,

W . H.

F u ller,

C. M .

F o rrest.

H o w e.

Deposits draw interest from first Saturday of February, M ay, August and Novem ber; dividends are
payable M onday following the first Saturday of M ay and November. Business hours: 9 a . m . to
1 p .m . ; also Saturdays, 7 to 9 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
516 loans on real estate (average of each, $3,881.59)
54 loans on personal security
Real estate b y foreclosure, etc. (assessed value, $625)
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.

Total Assets

382,125
74,200
27,162
30,000
2,002,900
929,275
281
52,300
5,808

.

.

.

00
00
50
00
56
00
22
92
78

.

.

$3,514,051 48

Due depositors on 4,944 accounts, averaging $633.88 each
.
.
.
.
(.Accounts opened during year, 587; closed, 409; increase, 178)
Surplus: —
a. Guaranty fund {.4.94% o f deposits; increase during year, $9,187.11) .
b. Profit and loss (increase during year, $18,609.75) .
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
.
.

.

$3,133,912 77

Liabilities.


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

Total Liabilities .

.
.

.

154,875 00
141,870 39

.

83,393 32

. $3,514,051 48

No. 8.]

221

BANK COMMISSIONER,

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Am ount paid for
$4,999.51
$8,862.69
$500.00
$488.87
$1,099.48 $15,950.55
Cost per $1,000 of assets
1.42
2 .5 2
.14
.14
.31
4 .53
C ost per $1,000 of assets not including State tax and rent .
2 .97

Gross income received during the year, $160,555.97.

Rates on Investments and Loans (Average on All, 4.81%).
Real estate loans (average rate, 4.96 per cent.): 4%, $35,000; 4M % . $164,000; 4 ^ % , $49,000; 5%,
$1,682,025; 5}4% , $37,100; 6%, $35,775.56.
Personal loans (average rate, 4.83 per cen t.): 4J^%, $365,000; 4 % % , $190,000; 5%, $238,175; 5J4%,
$50,000 ; 5j4% , $46,000; 6%, $40,100.
Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3M % . $120,000; 4% , $329,000;
4 14%, $40,000; 5%, $30,600; 7%, $4,700; 8%, $2,700; 12%, $6,400.

Number of loans not over $3,000 each, 398, amounting to $615,925.56.
57 real estate loans made during year, amounting to $145,850.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2 %
Number of deposits during year, 4,092, amounting to
.

.

Number of withdrawals during year, 3,678, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.

.

.

.

$57,355 58
59,409 08
376,029 93

.

$492,794 59
353,018 47

.

$139,776 12

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Augusta, Me. (W. D.), 4s

Railroad Bonds.
$59,000 Boston & Maine 4s
15.000 B., R. B. & Lynn 4Ms
30.000 C., B. & Q. 3y2s
40.000 C., B. & Q, 4s

D ates

o f

E x a m in a t io n ,


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

Par Value.
$25,000 Chic. & Northw. 4s
30.000 Fitchburg 4s
25.000 Illinois Central 3Ms
10.000 Illinois Central 4s
10.000 Lime Rock 4s
25.000 Michigan Central 4s
65.000 N. Y., N. H. & H. 3Ms
30.000 N. Y., N. H. & H. 4s
15.000 No. Maine Seaport 5s
10.000 Providence Terminal Co. 4s

June 15, 16.

Street Railway Bonds.
Par Value.
$50,000 Boston Elevated 4s
25,000 Worcester Con. 4Ms

Bank Stocks.
Shs.
20 Eliot Nl. Bk., Boston
64 First Nl. Bk., Boston
47 Fourth-Atlantic Nl. Bk., Boston
54 Old Boston Nl. Bk., Boston
27 Webster & Atlas Nl. Bk., Boston
102 Wamesit Nl. Bk., Lowell

222

REPORT OF THE

[Pub. Doc.

MIDDLEBOROUGH SAVINGS BANK, MIDDLEBOROUGH.
SOUTH MAIN STREET.
Incorporated March 15, 1873.

D a v id

G.

P ratt,

Number of corporators, 31; number of trustees, 19.

President.

T heodore

G eorge

W .

Stetso n ,

N.

W ood,

Treasurer.

Clerk of the Corporation.

Board of Trustees: C . N. A t w o o d , F. L . B a r r o w s , W . G. B o y n t o n , L . H . C a r r , J. M . C l a r k , G. E .
D o a n e , E. S . H a t h a w a y , C . M . L e o n a r d , E. T . L i n c o l n , J. A . M i l l e r , D . G. P r a t t , M . S .
R y d e r , G. R . S a m p s o n , S a m u e l S h a w , J. A. S p a r r o w , G. W . S t e t s o n , G. E. T i l l s o n , E. F.
W i t h a m , T . N. W o o d .
Board of Investment:

D .

G.

Auditing Committee: G. W .

P r att,

G.

Stetso n ,

R .

M.

Sam pson ,

S. R y d e r ,

G. E .
G. E .

D o an e.

T il l s o n .

Deposits draw interest from first M onday of January, April, July and October; dividends are p a y­
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 30, 1915.
Assets.
$373,823
526,504
170,847
31,393
3,900
2,000
984,471
102,410
40,000
9,150
68,731
2,833

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
.
.
.
.
.
.
437 loans on real estate (average o f each, $2,252.79)
.
.
.
.
.
76 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $47,000; assessed value, $36,000)
Real estate b y foreclosure, etc. (assessed value, $8,800)
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

25
75
50
75
00
00
00
00
00
00
98
60

. $2,316,065 83

Liabilities.
Due depositors on 6,569 accounts, averaging $327.43 each
(Accounts opened during year, 574; closed, 481; increase, 93)
Surplus: —
a. Guaranty fund (5.01% of deposits; increase during year, $700)
b. Profit and loss (increase during year, $12,787.16) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.


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

Total Liabilities .

.

$2,150,925 81

107,700 00
51,932 62
$5,573 41
66 01
----------------

5,507 40

$2,316,065 83

223

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Rent. Advertising.
State Tax (Net).
Salaries.
$500.00
Amount paid for
$4,660.58 $4,148.52
.21
Cost per $1,000 of assets
2.01
1.79
Cost per $1,000 of assets not including State tax and rent .

Other Expenses.
Total.
$1,098.03
$10,407.13
.47
4 .4 8
2 .26

Gross income received during the year, $106,963.59.

Rates on Investments and Loans (Average on All, 4.69%).
Real estate loans (average rate, 5.14 per cent.): 5%, $793,809; 5)^% , $105,012; 6%, $85,650.
Personal loans (average rate, 5.12 per cen t.): 4J^%, $20,000; 5%, $52,350; 5)4% , $14,450; 6%, $15,610.
Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 2%, $6,000; 3%, $33,000; 3J^%,
$142,000; 3M % , $5,000; 4%, $615,500; 4Y2%, $203,800; 5%, $79,000; 6%, $33,700; 7%, $14,300;
18%, $1,200.
Number of loans not over $3,000 each, 427, amounting to $474,912.
51 real estate loans made during year, amounting to $71,650.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 5,403, amounting to

$41,136 99
41,157 42
303,582 06

Number of withdrawals during year, 5,229, amounting to

$385,876 47
370,626 96
$15,249 51

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Boston 3)4>s
10.000 Boston 4s
10.000 Bridgeport, Conn., 4}4s
16.000 Detroit, Mich., 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., 4)^s
15.000 Worcester 3Ms
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.
$4,000 Barre 4s
1,600 Halifax il4s
27.000 Lakeville 4s
30.000 Middleborough 4s
3,200 Middleborough 4}/£s
39.000 Middleborough (F. D.), 4s

D ates

of

Railroad Bonds.
Par Value.
$15,000 Bangor & Aroostook 5s
30.000 Boston & Maine 4s
8.000 Cedar R. & Mo. River 7s
55.000 C., B. & Q. 3^s
10.000 C., B. & Q. 4s
25.000 Chic., Mil. & St. Paul 4}is
25.000 Chicago & Northw. 4s
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 3J^Js
16.000 Fitchburg 4s
30.000 Fitchburg 4)4s
15.000 Fitchburg 5s
20.000 Fitchburg 6s notes
• 33,000 Illinois Central 3s
20.000 Illinois Central 3Vi>s
1.000 Maine Central 5s
10.000 Michigan Central 4s
20.000 N. Y. C. & H. R. 4s
55.000 N. H., N. H. & H. 4s
16.000 No. Maine Seaport 5s
5.000 Northwestern Union 7s
41.000 Old Colony 4s

E x a m in a t io n a n d A u d it , November 4 - 9 inclusive.


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

Par Value.
$17,000 Sioux City & Pac. 3}4s
1,300 Winona & St. Peter 7s

Street Railway Bonds.
$10,000 Boston Elevated 4s
30.000 Boston Elevated 4Ms
25.000 Boston & Northern 4s
1.000 East Middlesex 4s
3.000 Lowell, Law. & Hav. 5s
4.000 Providence & Taunton 5s
31.000 West End 4s
25.000 West End 4}4s
20.000 Worcester Cons. 4}4s
15.000 Worcester Cons. 5s
10.000 Wore. & Southbridge 4Ya

Bank Stocks.
Shs.
12 Middleborough Nl. Bk.
27 Plymouth Nl. Bk.

224

REPO RT OF THE

[Pub. Doc.

MIDDLESEX INSTITUTION FOR SAVINGS, CONCORD.
MAIN STREET.
Incorporated March 4, 1835.

Number of corporators, 24; number of trustees, 11.

H a r v e y W h e e l e r , President.
C h a r l e s E . B r o w n , Treasurer.
H e r b e r t W . H o s m e r , Clerk of the Corporation.

Board of Trustees: M u r r a y B a l l o u , C. E . B r o w n , St e d m a n B u t t r ic k , L. N. F o w l e r , P r esco tt
K e y e s , R u ss e l l R o b b , T h o m a s T o d d , F. A. T owte r , C. H . T owtl e , H a r v e y W h e e l e r , W il l ia m
W heeler.

Board of Investment: H a r v e y W h e e l e r , L. N . F o w l e r , S t e d m a n B u t t r ic k , C. H . T o w l e .
Auditing Committee: H a r v e y W

heeler,

M u r r a y B a l l o u , F. A. T o w e r .

Deposits draw interest from first day of March, June, September and December; dividends are pay­
able January 1 and July 1. Business hours: 9 a . m . to 2 p . m .; Saturdays, 9 a . m . to 12.15 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
.
.
.
431 loans on real estate (average of each, $2,167.59) .
.
.
.
.
.
.
22 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $12,000; assessed value, $10,080)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ....................................................................................................................................................

Total Assets

.

.

.

.

.

$78,300 00
495,700 00
116,050 00
50,000 00
36,150 00
10,000 00
12,000 00
934,230 21
464,700 00
10,500 00
33,888 02
2,523 14

$2,244,041 37

Liabilities.
Due depositors on 6,152 accounts, averaging $336.21 each
(Accounts opened during year, 536; dosed, 481; increase, 55)
Surplus: —
a. Guaranty fund (5.02% of deposits; increase during year, $1,900)
b. Profit and loss {increase during year, $18,212.26) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged oil
.
.
$2,870 62
Less State or local taxes not charged off .
.
187 49


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

.

103,900 00
32,732 33
$42,110 15

3,058 11
-----------------

Total Liabilities .

$2,068,357 00

39,052 04

. $2,244,041 37

BANK COMMISSIONER.

No.

225

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Am ount paid for
$5,005.04 $5,500.00
$500.00
Cost per $1,000 of assets
2 .23
2 .45
.22
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$806.70 $11,811.74
.36
5 .26
2.81

Gross income received during the year, $102,488.71.

Rates on Investments and Loans (Average on All, 4.65%).
Real estate loans (average rate, 5.03 per cen t.): 5%, $890,080.21; 5}^% , $22,850; 6%, $21,300.
Personal loans (average rate, 4.60 per cent.): 4J^%, $381,000; 4% % , $25,000; 4 % % , $25,000; 5)^% ,
$26,700; 6%, $7,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3J^%, $242,000; 3% % , $14,500;
4%, $346,000; 4M % . $15,800; 4J^%, $75,000; 5%, $77,000; 6%, $5,000; 7%, $20,000; 14%,
$ 10 , 000 .
Number of loans not over $3,000 each, 365, amounting to $567,405.21.
48 real estate loans made during year, amounting to $100,125.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 2 %
Number of deposits during year, 4,756, amounting to

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

Number of withdrawals during year, 4,164, amounting to

.

Net increase in amount due depositors

.

.

.

.

.
.

.
.

.
.

$38,943 09
39,560 57
286,591 16

.

$365,094 82
332,466 52

.

$32,628 30

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Par Value.
$50,000 Concord & Montreal 4s
10.000 Conn. & Passumpsic Riv. 4s
10.000 Conn. Riv. 3b£s
25.000 Delaware & Hudson 4s
25.000 Fitchburg 4s
25.000 Fitchburg 5s
5,000 Fitchburg 6s notes
20.000 Illinois Central 3)^s
10.000 Illinois Central 4s
20.000 Kal., Alle. & Gr. R. 5s
50.000 Michigan Central 3}^s
25.000 N. Y. C. & H. R. 3^s
20.000 N. Y., N. H. & H. 3^s
25.000 N. H„ N. H. & H. 4s
20.000 Old Colony 4s

Par Value.
$22,000 Concord
14,500 Concord 3%s
26.000 Concord 4s
15,800 Concord 4^£s

Railroad Bonds.
$10,000 Boston & Albany 3}^s
15.000 Boston & Lowell 4s
10.000 Boston & Maine 4s
25.000 Boston & Maine 4)^s
25.000 C., B. & Q. ZV&
25.000 Chic. & Northw. 4s
10.000 Cleveland & Pitts. 3J^s
D ates

o f

E x a m in a t io n


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

and

A u d it ,

February

8 -1 2

inclusive.

Par Value.
$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 43dis
20.000 West End 4s
20.000 West End 5s

Bank Stocks.
Shs.
100 Concord Nl. Bk.

226

[Pub. Doc,

REPO RT OF THE

MILFORD SAVINGS BANK, MILFORD.
236 MAIN STREET.
Incorporated April 24, 1851.

A.

C harles

Board of Trustees: H. D .
G. A . D r a p e r , S . A . E

Number of corporators, 45; number of trustees, 13.

C l a f l in ,

Clerk o f the Corporation.

C. A . C l a f l i n , C. A . C o o k , H. M . C u r t i s s , C. H . D r a p e r ,
G. W . E l l i s , F . D . F i e l d , F . P . L e e , W . I. S t i m p s o n , A u g u s t u s

B ow ker,
astm an

,

W h e e l e r , W e n d e l l W il l ia m s .

Board of Investment: C. A . C ook,

Auditing Committee: H.

A u gustus W h ee le r ,

D . B ow kee,

S. A .

E astm an ,

S. A.

G. W .

E astm an .

E l l is .

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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
.
$892,636
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
557,740
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
135,000
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
.
.
.
50,000
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
52,425
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
129,876
419 loans on real estate (average o f each, $2,083.11) .
.
.
.
.
.
.
872,822
54 loans on personal security
.
.
.
.
.
.
.
.
.
.
724,040
Bank building and fixtures (estimated value, $25,000; assessed value, $30,500)
.
.
25,000
Deposits in national banks or trust companies
.
.
.
.
.
.
.
65,768
C a s h ................................................................................................................................................... 2,371 89

18
00
00
00
00
50
40
00
00
78

Total A s s e t s .......................................$3,507,680 75

Liabilities.
Due depositors on 9,681 accounts, averaging $336.04 each
.
.
.
.
.
(Accounts opened during year, 1,013; closed, 935; increase, 78)
Surplus: —
а. Guaranty fund (4-99% of deposits; increase during year, $2,013.46) .
.
.
б. Profit and loss (increase during year, $12,499.30) .
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$3,259 70
Less current expenses not charged off
.
.
.
.
134 10
-----------------------


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

Total Liabilities .

$3,253,245 44

162,199 18
89,110 53

3,125 60

. $3,507,680 75

227

BANK COMMISSIONER

No. 8.]

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses.
Total.
State Tax (Net). Salaries.
Rent.
$151.07
$758.99
$16,979.74
Amount paid for
$8,741.55 $6,528.13
$800.00
.04
.22
4 .8 4
C ost per $1,000 of assets
2 .49
1.86
.23
............................................
2 .1 2
C ost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $159,345.19.

Rates on Investments and Loans (Average on All, 4.53%).
Real estate loans (average rate, 4.93 per cent.): 4%, $10,500; 4}4%> $14,900; 4J^%, $94,650; 454%»
$9,000; 5%, $728,661.40; 5 ^ % , $3,000; 6%, $11,711; 7%, $400.
Personal loans (average rate, 4.69 per cent.): 4J4%, $125,000; 4J4%» $319,100; 454%, $37,500; 5%,
$207,290; 5M % , $10,000; 6%, $150; &H%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 3J^%, $285,000; 354%> $8,400,
4%, $932,350; 4 ^ % , $6,486.18; 4 ^ % , $368,000; 5%, $100,000; 8%, $75,800; 10%, $800; 14%,
$14,000.
Number of loans not over $3,000 each, 422, amounting to $503,205.08.
82 real estate loans made during year, amounting to $94,172.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 8,599, amounting to
.

.

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

$60,791 65
61,634 75
555,310 41

Number of withdrawals during year, 8,503, amounting to

.

$677,736 81
586,260 42

N et increase in amount due depositors

.

.

.

.

.
.

.

.

.

.

.

$91,476 39

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 354s
25.000 Akron, 0., 5s
45.000 Boston 4s
6.000 Bridgeport, Ct., 4s
15.000 Bridgeport, Ct., 4J4s
20.000 Brockton 4s
20.000 Buffalo, N. Y., 454s
20.000 Cambridge 4s
20.000 Cleveland, 0., 454s
8.000 Dubuque, la., 4s
25.000 Hartford, Ct., 454s
13.000 Haverhill 4s
25.000 Los Angeles, Cal., 454s
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., 454s
15.000 Spokane, Wash., 454s
15.000 Springfield, Mo., 5s
27.000 Taunton 4s
23.000 Toledo, 0., 454s
25.000 Waterbury, Ct., 454s
D a tes

o p

Par Value.
$50,000 Worcester 4s
10.000 Douglas 4s
9.000 Franklin 4s
2.000 Medway 4s
31.000 Milford 4s
50.000 Stamford, Ct., 454s
15.000 Tiverton, R. I., 4s
10.000 W. & So. Acton (W. D.), 4s
25.000 So. Hadley (F. D.), 4s

Public Funds, Notes.
$3,500 Bellingham 4s
60.000 Hopedale 4s
15.000 Medway 4s
4,000 Mendon 354s
5,850 Mendon 4s
25.000 Milford 354s
4,400 Milford 354s
22.000 Milford 4s
6,486 Milford 454s

Railroad Bonds.
$50,000 Boston & Albany 354s
50.000 Boston & Albany 4s
30.000 Boston & Maine 4s
60.000 Boston & Maine 454s

E x a m in a t io n , June 2 4 -2 6 inclusive.


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

Par Value.
$25,000 C., B. & Q. 3V2s
75.000 C., B. & Q. 4s
10.000 Cleveland & Pitts. 454s
10.000 Fitchburg 4s
25.000 Fitchburg 454s
15.000 New England 5s
50.000 N. Y. C. & H. R. 354s
75.000 N. Y., N. H. & H. 354s
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 454s
60.000 West End 4s
10.000 Worcester Cons. 454s

Bank Stocks.
Shs.
140 First Nl. Bk., Boston
8 Merchants Nl. Bk., Boston
285 Nl. Shawmut Bk., Boston
47 Nl. Union Bk., Boston
12 Webster & Atlas Nl. Bk., Boston
125 Home Nl. Bk., Milford
289 Milford Nl. Bk.

228

REPORT OF THE

[Pub. Doc,

MILLBURY SAVINGS BANK, MILLBURY.
ELM STREET.
Incorporated April 10, 1854.

G eorge

J.

D u d ley,

Number of corporators, 45; number of trustees, 20.

President.

E rnest

E dw ard

F.

R ic e ,

L . S m it h ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: H . W . A i k e n , H . W . C a r t e r , T . A. D o w d , D a m i e n D u c h a r m e , G . J. D u d l e y ,
H . W . G l o v e r , H . M . G o d d a r d , E . E . H o w e , J. R . L i n c o l n , H . T . M a x w e l l , F. W . M o o r e ,
J. W . P i e r c e , E. F. R i c e , H . F. R i c e , E . L. S m i t h , G . I. S t o w e , T . H . S u l l i v a n , L. S . W a t e r s ,
W . W . W i n d l e , T. A. W i n t e r .
Board o f Investment: G. J.

D u d ley,

Auditing Committee: F. W .

J. R .

M oo re,

W.

H. W .

L in c o l n ,

W .

W in d l e ,

H.

C a r t e r , D a m ie n

M .

D uch arm e,

G . I.

Sto w e.

G oddard.

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 30, 1915.
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
.
.
.
.
.
.
451 loans on real estate {average of each, $2,638.12) .
.
.
.
.
.
22 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $20,000; assessed value, $11,800)
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.

$123,050
355,671
104,000
32,448
18,801
26,328
1,189,792
104,635
18,000
108
24,691
2,463

00
79
00
75
00
14
17
00
00
46
13
04

. $1,999,989 48

Liabilities.
$1,782,246 65

Due depositors on 4,147 accounts, averaging $429.77 each
(Accounts opened during year, 634; closed, 417; increase, 317)
Surplus: —
a. Guaranty fund (4-94% of deposits; increase during year, $2,795.48)
h. Profit and loss (increase during year, $6,732.78)
Current income: —
a. Interest .
.
.
.
.
.
.
$32,557 55
b. Rent
.
.
.
.
.
.
.
239 34

88,015 66
98,594 31

$32,796 89
Less current expenses not charged oS
.
Less State or local taxes not charged off .


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

.
.

$1,379 84
284 19
1,664 03
31,132 86

Total Liabilities .

. $1,999,989 48

229

BANK COMMISSIONER.

No. 8.'

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses. Total.
$245.55
$440.94
$5,746.99
.12
.22
2.87
1.80

State Tax (Net). Salaries.
Rent.
Amount paid for
$2,138.00 $2,922.50
Cost per $1,000 of assets
1.07
1.46
—
C ost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $91,279.63.

Rates on Investments and Loans (Average on All, 4.86%).
Real estate loans (average rate, 5.07 per cen t.): 5%, $1,086,640.17; 5M % . $37,000; 6%, $31,152; 6J^%,
$35,000.
Personal loans (average rate, 5.27 per cen t.): 4)^% , $60,000; 5%, $3,900; 6%, $5,735; 6J^%, $35,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.42 per cent.): 3)^% , $35,000; 4%, $264,050;
4M % , $5,000; 4 H % , $188,000; 5%, $129,500; 6%, $3,000; 7%, $5,500; 8%, $8,500; 10%, $5,800;
12%, $3,500.
Number of loans not over $3,000 each, 383, amounting to $397,436.31.
50 real estate loans made during year, amounting to $93,950.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 3,010, amounting to
.

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

Number of withdrawals during year, 2,568, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

$33,377 78
33,948 24
212,555 52

.

$279,881 54
210,705 97

.

$69,175 57

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 3H>s
10.000 Boston 4s
5.000 Boston 4Ks
15.000 Holyoke 4s
11.000 Sioux City, la., 4His
6.000 Longmeadow 4s
10.000 Marshfield 4s
9.000 Saugus 4s
10.000 South Hadley 4s

Public Funds, Notes.
$11,050 Millbury 4s
2.000 Millbury 4J^s
9.000 Sutton 4s

D ates

o f

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$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
20.000 Chic., Mil. & St. Paul 5s
15.000 Chic. & Northw. 4s
25.000 Fitchburg 4J^s
26.000 Fitchburg 5s
18.000 Illinois Central 4s
10.000 Michigan Central 4s
10.000 New London North. 4s
20.000 N. Y. C. & H. R. 4J^s
10.000 N. Y., N. H. & H. 3^s
39.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
10.000 Portland & R. Falls 4s
5,000 Portland Terminal Co. 4s

April 29, 30.

Street Railway Bonds.
Par Value.
$30,000 Boston Elevated 4)^s
5.000 Boston & Northern 4s
10.000 East Middlesex 5s
21.000 Lynn & Boston 5s
13.000 Springfield 4s
5.000 West End 4s
10.000 West End 4Ks
10.000 West End 5s

Bank Stocks.
Shs.
50 First Ward Nl. Bk., Boston
25 Metropolitan Tr. Co., Boston
57 Nl. Bk. of Commerce, 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.

REPO RT OF THE

230

[Pub. Doc,

MILTON SAVINGS BANK, MILTON.
62 ADAMS STREET.
Incorporated M ay 18, 1905.

H.

C l if f o r d

G allag h er,

Number of corporators, 30; number of trustees, 18.

President.

F r e d e r ic k

F r e d e r ic k

C h ase,

A.

G a s k in s ,

Treasurer.

Clerk of the Corporation.

Board o f Trustees: J . B. B a x t e r , T . K . C u m m i n s , H. C. G a l l a g h e r , S a m u e l G a n n e t t , F. A .
G a s k i n s , F. R . H a r t , J. P. H o l m e s , W a l t e r J a c k s o n , R . M . J o h n s o n , C. S. P i e r c e , M . V .
P i e r c e , J. F. P o p e , N . H. S t o n e , J o h n T a l b o t , W . B. T h u r b e r , E . P. W h i t n e y , C. W .
W h it t ie r , G e o r g e

Board of Investment:

W ig g l e s w o r t h .

T .

K .

C u m m in s ,

N.
H . C .

Auditing Committee: J. B.

B a x t e r ,

R. M.

H .

Sto n e,

G eorge

W ig g l e s w o r t h ,

John

T albo t,

G allag h er.

W . B.

Jo h n son ,

T h u r ber.

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, W ednes­
days and Fridays, 4 to 6.30 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
57 loans on real estate {average of each, $3,071.49) .
Less amount due on uncompleted loans .
.
.

.

.
.

.
.
.
.

.
.

.
.
.
.

.
.

.
.
.
.

.

.

,
.
.

.
.
.
.
$176,575 00
1,500 00

13 loans on personal security
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.

Total Assets

$26,940
334,133
14,212
13,375

00'
40
50
00

175,075 00
167,750 00
2,550 30

1,000 00
$735,036 20

Liabilities.
Due depositors on-2,732 accounts, averaging $259.78 each
.
.
.
.
.
(Accounts opened during year, 377; closed, 231; increase, 146)
Surplus: —
a. Guaranty fund (1.46% o f deposits; increase during year, 1,732.37) .
b. Profit and loss (increase during year, $2,687.02)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$5,919 06
Less current expenses not charged off
.
.
.
.
257 95


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

$709,720 03
10,382 34
9,272 72

5,661 11

Total Liabilities .

$735,036 20

No. 8.]

231

BANK COMMISSIONER,

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Am ount paid for
$2,427.29
$500.00
$500.00
$122.00
$313.50
$3,862.79
Cost per $1,000 of assets
3 .3 0
.68
.68
.17
.43
5.26
Cost per $1,000 of assets not including State tax and rent .
..........................................
1.28
Gross income received during the year, $31,700.94.

Rates on Investments and Loans (Average on All, 4.57%).
Real estate loans (average rate, 4.99 per cent.): 4 M%> $9,000; 5%, $166,075.
Personal loans (average rate, 4.93 per cent.): 4}^% , $60,000; 4 ^ % , $10,000; 4 % % , $15,000; 5%,
$56,750; 6%, $26,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cen t.): 3%, $25,000; 3J^%, $28,000; 4%,
$295,000; 4 ^ % , $65,000.
Number of loans not over $3,000 each, 42, amounting to $77,675.
11 real estate loans made during year, amounting to $33,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: M arch, 1915,
.
.
.
.
.
Sept., 1915, 1 % % ..........................................
Number of deposits during year, 3,328, amounting to
.
.
.
.
.

Number of withdrawals during year, 2,086, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$10,846 39
11,234 43
192,536 53

.

$214,617 35
159,201 55

.

$55,415 80

SCHEDULE OF SECURITIES OWNED.
Par Value.
$10,000 Boston & Maine 4J^s
10.000 C., B. & Q. 3J^s
34.000 G , B. & Q. 4s
10.000 Chic., Mil. & St. Paul 4s
22.000 Chic., Mil. & St. Paul 4J^s
25.000 Chic. & No. Western 4s
5.000 Chic., R. I. & Pac. 4s
20.000 Delaware & Hudson 4s
5.000 Fitchburg 4s
10.000 Fitchburg 4}^s
10.000 Illinois Central 3s
20.000 Illinois Central 4s
10.000 L. S. & Michigan South. 4s
5.000 Minn., St. P. & Sit. St. M. 4s

Public Funds, Bonds.
Par Value.
$5,000 Boston 3)^s
3.000 Los Angeles, Cal., 4J^s
5.000 Minneapolis, Minn., 4s
4.000 Milton 4s
10.000 Milton 4J^s

Railroad Bonds.
$10,000 Allegheny Valley 4s
5.000 Atch., Top. & Santa Fé 4s
10.000 Boston & Albany 3)^s
25.000 Boston & Albany 4s
3.000 Boston & Lowell 3J^s

D ates

o p

E x a m in a t io n


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

a n d

A u d it , F e b ru a ry

11-13

in c lu s iv e .

Par Value.
$24,000 N. Y. C. & H. R. 4s
40.000 N. Y „ N. H. & H. 4s
15.000 Northern Pacific 3s
10.000 Northern Pacific 4s
1.000 Old Colony 4s
10.000 Ports., Gt. Falls & Con. 4J^s
2.000 St. Paul, Minn. & Man. 4s
5.000 Wash. & Columbia River 4s

Street Railway Bonds.
$10,000 Boston & Northern 4s
5,000 West End 4s

232

REPO RT OF THE

[Pub. Doc.

MONSON SAVINGS BANK, MONSON.
64 MAIN STREET.
Incorporated March 29, 1872.

Number of corporators, 34; number of trustees, 12.

(Office vacant), President.

Board of Trustees:
F lyn t, C .
M.
P. W . S o u l e .

C .

A.

A.

C h arles
W il l ia m

L.

B rad w ay, R .

G ag e, C .

Board o f Investment: A. D .

Auditing Committee: A . D .

W.

R ic k e t t s ,

P . C ush m an,

Jack son ,

N orcross, C .

N orcross, R .

M.

P.

O.

B rad w ay,

Treasurer.

Clerk of the Corporation.

C .

G ag e,

A. D.

E l l is , R u f u s

M cC r a y ,

L.

A. D .

F a y , G . C .

N orcross,

F lyn t,

W . L.

L.

C .

R ic k e t t s ,

C . F lyn t.

C ush m an, R ufus

Fay.

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 30, 1915.
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
.
j
.
.
.
422 loans on real estate (average of each, $2,722.39) .
.
.
.
27 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $19,000; assessed value,
Deposits in national banks or trust companies
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.

.
.

.
.

.
.

.

.
.

.

.

.
.

.

.

.

.
.
.
.
.
.
.
$18,000)
.
.
.
.
.
.
.

.

.
.

$202,743 75
367,457 50
54,950 00
35,000 00
18,075 00
15,800 00
1,148,850 21
129,711 00
19,000 00
73,628 74
4,290 09

.

.

.

$2,069,506 29

.

.

.

$1,847,906 33

Liabilities.
D ue depositors on 3,508 accounts, averaging $526.77 each
.
.
(.Accounts opened during year, 278; closed, 317; decrease, 39)
Surplus: —
a. Guaranty fund (5.03% of deposits; increase during year, none)
b. Profit and loss {increase during year, $10,000)
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$26,568 38
b. Suspense account
.
.
.
.
.
325 00
----------------------Less current expenses not charged off
.
.
.
.


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

Total Liabilities .

.
.

.
.

.
.

$26,893 38
293 42
-----------------------

93,000 00
102,000 00

26,599 96

. $2,069,506 29

233

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Advertising. Other Expenses. Total.
$18.50
$728.90
$6,570.52
.01
.35
3 .17
1.96

State Tax (Net). Salaries.
Rent.
Amount paid for
$2,505.50 $3,317.62
Cost per $1,000 of assets
1.21
1.60
Cost per $1,000 of assets not including State tax and rent .

Gross income received during the year, $95,942.11.

Rates on Investments and Loans (Average on All, 4.68%).
Real estate loans (average rate, 5.01 per cent.): 5%, $1,131,075.21; 5M%> $15,000; 6%, $2,775.
Personal loans (average rate, 4.37 per cen t.): 3%, $30,000; 4%, $15,000; 4J^%, $10,000; 5%, $73,850;
5M % . $600; 6%, $261.
_
Bonds, stocks, etc. (average rate on amounts invested, 4.1!r per cent.): 3 % %. $135,000; 4%, $432,000;
4)4% , $10,000; 4)4% , $56,200; 5%, $30,300; 6%, $25,500; 8%, $4,000; 10%, $3,000; 16%, $3,000.

Number of loans not over $3,000 each, 278, amounting to $400,001.21.
17 real estate loans made during year, amounting to $33,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
.
.
.
.
.
Oct., 1915, 2 M % ..........................................
Number of deposits during year, 2,032, amounting to
.
.
.
.
.

Number of withdrawals during year, 2,430, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$35,798 56
40,491 83
200,110 56

.

$276,400 95
258,435 79

.

$17,965 16

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 3Ms
10.000 Massachusetts 4s
10.000 Middlesex Co. 4s
10.000 Boston 4Ms
20.000 Brockton 4s
10.000 Cambridge 4s
10.000 Chicago, 111., 4s
10.000 Everett 4s
10.000 Lynn 4s
10.000 Malden 4s
10.000 Minneapolis, Minn., 4s
10.000 Newton 4s
10.000 Pittsfield 4s
10.000 Rochester, N. Y „ 4Ms
10.000 Concord 3Ms
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.
$1,200 Holland 4Mb

D ates

o f

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$10,000 Bangor & Aroostook 5s
18.000 Boston & Albany 4s
15.000 Boston & Lowell 4Ms
20.000 Boston & Maine 4s
10.000 Boston & Maine 4Ms
10.000 Boston & Providence 4s
20.000 C., B. & Q. 3Ms
17.000 C., B. & Q. 4s
20.000 Chic., Mil. & St. P. 5s
10.000 Cleveland & Pitts. 4Ms
10.000 Concord & Montreal 4s
10.000 Conn. & Pass. Rivers 4s
10.000 Conn. River 4s
10.000 Delaware & Hudson 4s
20.000 Fitchburg 4s
20.000 Illinois Central 3Ms
10.000 Lake Sh. & Mich. So. 3Ms
10.000 Louis., Cin. & Lex. 4Ms
10.000 Michigan Central 3Ms
10.000 New London Northern 4s
10.000 N. Y. C. & H. R. 3Ms
10.000 N. Y., L. & W. 6s
30.000 N. Y., N. H. & H. 4s
10.000 Norwich & Worcester 4s

December 8, 9.

Par Value.
$10,000 Old Colony 4s
10.000 Sioux City & Pacific 3Ms
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
30 Monson Nl. Bk.
15 Palmer Nl. Bk.
25 Union Trust Co., Springfield
3 Ware Nl. Bk.

234

REPO RT OF THE

[Pub. Doc,

NANTUCKET INSTITUTION FOR SAVINGS, NANTUCKET.
55 MAIN STREET.
Incorporated April 2, 1834.

H en ry

B ro w n ,

Number of corporators, 40; number of trustees, 19.

President.

L iz z ie
J o s ia h

F.

M u rph e y,

S.

Treasurer.

R id d e l l ,

Clerk of the Corporation.

Board o f Trustees: A . G. B r o c k , W . C . B b C c k , H e n r y B r o w n , W . M . B u r d i c k , W . F. C o d d , E . B.
C o l e m a n , A . H. C o o k , J . A. H o l m e s , J r . , W i l l i a m H o l l a n d , L e s t e r H u l l , E . H . J e r n e g a n ,
J. F. M u r p h e y , H e n r y P a d d a c k , B . E . P e a s e , G. C. R u l e , R . C. S m a l l , E. G. T h o m a s , A d ­
d is o n
W i n s l o w , J. M . W i n s l o w .
Board o f Investment:

H en ry

Auditing Committee: J. M .

B ro w n ,

W in s l o w ,

R . C. S m a l l , G. C.
A. H. C o o k .
E . B.

R u le,

C o l e m a n , W il l ia m

E . H.

Jern eg an ,

E . G.

T h o m as,

H ollan d.

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 N ovem ­
ber 1; 10 a . m . to 1 p . m . from Novem ber 1 to M ay 1.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
.
.
.
.
380 loans on real estate (average of each, $1,821.42) .
.
.
.
.
.
40 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, 86,000; assessed value, $5,715)
Real estate b y foreclosure, etc. (assessed value, $8,000)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

$96,000
89,601
22,000
20,000
16,243
3,450
692,140
128,292
4,500
2,640
36,207
2,252

00
65
00
00
75
00
00
00
00
65
12
99

. $1,113,328 16

Liabilities.
Due depositors on 2,152 accounts, averaging $465.27 each
.
.
.
.
.
(Accounts opened during year, 294; closed, 243; increase, 51)
Surplus: —
a. Guaranty fund (4-86% of deposits; increase during year, $1,227.09) .
.
.
b. Profit and loss (increase during year, $7,259.21)
.
.
.
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$17,519 46
b. R e n t ..................................................... ..........
166 19
----------------------$17,685 65
Less current expenses not charged oil
.
.
.
.
975 61
-----------------------


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

Total Liabilities .

$1,001,263 36

48,704 06
46,650 70

16,710 04

. $1,113,328 16

235

BANK COMMISSIONER

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
Amount paid for
$1,297.35 $2,087.27
$100.00
$440.18
$3,924.80
C ost per $1,000 of assets
1.16
1.87
.09
—
.39
3 .51
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .26

Gross income received during year, $55,000.04.

Rates on Investments and Loans (Average on All, 5.15%).
Real estate loans (average rate, 5.56 per cent.): 5%, $217,383; 5)4% , $127,319; 6%, $343,288; 8%,
$350.
Personal loans (average rate, 4.83 per cen t.): 4)4% , $60,000; 5%, $3,987; 5)4% , $8,000; 6%, $37,205;
6M %, *10,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.18 per cent.): 3)4% . $62,000; 4% , $91,000;
4)4% , $72,000; 5%, $15,000; 6%, $1,000; 7%, $7,000.
Number of loans not over $3,000 each, 339, amounting to $470,569.
51 real estate loans made during year, amounting to $59,925.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
.
.
.
.
.
July, 1915, 2 ) 4 % ..........................................
Number of deposits during year, 1,781, amounting to
.
.
.
.
.

Number of withdrawals during year, 1,967, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$18,657 07
23,628 40
144,073 23

.

$186,358 70
149,665 28

.

$36,693 42

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 4s
10.000 Albany, N. Y., 4)4s
3.000 Bay City, Mich., 4s
10.000 Boston 4s
5.000 Cleveland, 0., 4J4s
5.000 Jersey City, N. J., 4)4s
5.000 Lawrence 4s
5.000 Malden 4s
3.000 Middletown, Ct., 3)4s
5.000 Newark, N. J., 4)4s
15.000 San Francisco, Cal., 5s
5.000 Seattle, Wash., 4)4s
10.000 St. Paul, Minn., 4)4s
5.000 Billerica 4s

D ates

o p

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$5,000 Boston & Maine 4s
10.000 Boston & Maine 4)4s
22.000 C., B. & Q. 3)4s
5.000 C., B. & Q. 4s
17.000 Illinois Central 3)4s
8.000 Illinois Central 4s
5.000 N. Y „ N. H. & H. 4s
1.000 Upper Coos 4s
10.000 Upper Coos 4)4s
7.000 Winona & St. Peter 7s

September 2, 3.

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 4)4s
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

REPO RT OF THE

236

[Pub. Doc.

NATICK FIVE CENTS SAVINGS BANK, NATICK.
6 MAIN STREET.
Incorporated April 5, 1859.

H en ry

C . M u l l ig a n ,

President.

C . A rth u r

H en ry

Board of Trustees:
L . F elch , H .
P f e if f e r , C .

Number of corporators, 35; number of trustees, 16.

G.

F is k e ,

D o w se,

W . R . B ig e l o w , C . H . C h il d , W . H . C o l b y , F . E . C u m m in g s , C .

G.
A.

F is k e , F .
P o o ke,

Board of Investment: H. C.

J.

H .

H a ye s, C . W .

H . P ratt,

M u l l ig a n ,

W.

F. H.
W .

Auditing Committee: C. W .

Johnson,

F. E .

Treasurer.

Clerk of the Corporation.

B .

Joh n son , J. B . L eam y, H . C .

J. W .

R o b in s o n ,

W . B.

H a ye s,

A.

D o w se, W .

M u l l ig a n , W .

H .

W alcott.

R o b in s o n ,

C.

A . P o o ke,

J. B

L eam y

H . C o lby.

W . B.

C u m m in g s ,

R o b in s o n .

Deposits draw interest from first day of February, M ay, August and Novem ber; dividends are payable
the second Tuesday of M ay and November. Business hours: 9 a . m . to 3 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
1,226 loans on real estate (average of each, $2,246.25)
Less amount due on uncompleted loans .
.
.

.
.

.
.

.

.
.

.
.

.
.

.
.

.
.
.
.

.
.

.
.

.

.
.

.

.

.

.
.
$2,759,818 00
5,915 00

67 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $25,000; assessed value, $29,750)
Real estate b y foreclosure, etc. (assessed value, $2,600)
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.
.
.
.

$804,438
495,225
155,995
70,948
21,001
1,950

15
00
00
75
00
00

2,753,903
49,031
15,000
2,729
699
166,381
19,130

00
96
00
91
74
05
63

. $4,556,434 19

Liabilities.
Due depositors on 12,971 accounts, averaging $312.66 each
(Accounts opened during year, 1,095; closed, 772; increase, 323)
Surplus: —
a. Guaranty fund (6% of deposits; increase during year, $9,400) .
b. Profit and loss (increase during year, $7,000.04)
Unearned discount
.
.
.
.
.
.
.
.
.
Suspense account
.
.
.
.
.
.
.
.
.


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

Total Liabilities .

.

$4,055,592 41

202,800
295,497
2,494
50

00
50
28
00

. $4,556,434 19

BAN K COMMISSIONER.

No. 8.]

237

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$3,454.99 $6,255.16 $1,000.00
$61.00
$1,562.43
$12,333.58
Cost per $1,000 of assets
.76
1.37
.22
.01
.34
2 .7 0
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
1.72
Gross income received during the year, $200,491.71.

Rates on Investments and Loans (Average on All, 4.77%).
Real estate loans (average rate, 5.01 per cent.): 5%, $2,704,733; 5b£%, $10,940; 6%, $38,230.
Personal loans (average rate, 5.03 per cen t.): 4 % % , $5,450; 5%, $40,601.96; 5)^% , $350; 6%, $2,630.
Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3)^% , $24,300; 3 % % , $20,000;
4%, $1,180,800 ; 4b£%, $20,000; 4}4% , $122,500; 5%, $78,500; 6%, $101,300; 7%, $500; 10%,
$13,000; 16%, $2,500.
Number of loans not over $3,000 each, 1,047, amounting to $1,517,576.96.
121 real estate loans made during year, amounting to $263,345.

Dividends, Deposits and Withdrawals.
$73,853
75,707
9,140
9,415
674,339

Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2%
Extra dividends declared during year,

/ A ov' ’
(52?
\ M ay, 1915, J£%
Number of deposits during year, 11,764, amounting to

02
75
08
57
26

$842,455 68
655,755 03

Number of withdrawals during year, 9,884, amounting to
Net increase in amount due depositors

$186,700 65

SCHEDULE OF SECURITIES OWNED.
Public Funds, Notes.

Public Funds, Bonds.

Par Value.
$6,000 Agawam 4s
3.000 Attleborough 4s
5.000 Dedham 4s
1,500 Duxbury 4s
3.000 Methuen 4s
19,300 Natick 3Ks
20.000 Natick 3%s
201,300 Natick 4s
20.000 Natick 4L£s
6,800 Natick 5s
5.000 Wayland 33^s
20,500 Wayland 4s
2,5C0 Wayland 4 ^ s

Par Value.
$10,000 California 4s
3.000 Beverly 4s
95.000 Boston 4s
15.000 Brockton 4s
6.000 Haverhill 4s
2.000 Lawrence 4s
6.000 Lynn 4s
10.000 McKeesport, Pa., 4s
49.000 Pittsfield 4}4s
5.000 Portland, Ore., 6s
1.000 Quincy 4s
10.000 Seattle, Wash., 5s
10.000 Worcester 4s
4.000 Agawam 4s
7.000 Aldington 4s
20.000 East Bridgewater 4s
10.000 Franklin 4s
9.500 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
78,500 Natick 4s
3.000 North Andover 4s
10.000 Peabody 4s
5.000 Ware 4s
14.000 Wellesley 4s
18.000 Winthrop 4s
5.500 Wrentham 4s
D ates

o p

E x a m in a t io n


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

Railroad Bonds.
$5,000 Bangor & Aroostook 5s
13.000 Boston & Albany 4s
20.000 Boston & Lowell 4s
92.000 Boston & Maine 4s
8.000 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
18.000 Louisville & Nashville 6s
4.000 Mil., L. S. & Western 6s
5.000 Minn., St. P. & Sit. Ste. M. 5s
a n d

A u d it ,

Par Value.
$50,000 N. Y „ N. H. & H. 4s
10.000 No. Maine Seaport 5s
38.000 Old Colony 4s
12.000 Philadelphia & Erie 6s
8.000 Pitts., Va. & Char. 4s
4.000 Rome, Watertown & Og. 5s
30.000 St. Paul, Minn. & Man. 4J^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 4]4s
5,000 Lynn & Boston 5s
20.000 Springfield 4s
25.000 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
46 Nl. Bk. of Commerce Boston
10 Second Nl. Bk., Boston
5 Webster & Atlas Nl. Bk., Boston
16 Dedham Nl. Bk.
17 Framingham Nl. Bk.
10 First Nl. Bk., West Newton
120 Natick Nl. Bk.

September 20-24 inclusive.

238

REPO RT 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 il l ia 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 c L . G o o d s p e e d , J. H. H e r r i n g , E. W .
H e r y 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 , 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 , H. W . 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 .

L oum

Auditing Committee:

O.

D evoll,

J. H.

S n o w , J ir e h

J ir e h

S w if t ,

P. M .

H e r r in g ,

S w if t ,

Jr., J. W .

Jr., A .

L und,

A . G.

L . T u ck er, W .

W ebster,

R . C. P.

P ie r c e ,

Jr., O. N.

P ie r c e ,

R . W est.

C oggesh all.

Deposits draw interest from second Wednesday of January, April, July and October; dividends are
payable the second W ednesday of April and October. Business hours: 9 a . m . to 1 p . m . ; also
Saturdays, 7 to 9 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
1,751 loans on real estate (average o f each, $2,934-71)
147 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $115,000;
Taxes, insurance, etc. paid on mortgaged properties
Deposits in national banks or trust companies
.
Cash .
.
.
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
assessed value, $141,175)
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.
.
.
.
.

.
.

.
.
.
.
.
.

.

.

.

.

.
.
.

$2,106,015
1,171,997
250,000
93,229
153,700
34,000
5,138,678
2,796,020
70,000
57
457,075
17,336

00
50
00
00
00
00
00
00
00
20
69
71

. $12,288,109 10

Liabilities.
Due depositors on 35,090 accounts, averaging $319.26 each
(Accounts opened during year, 3,929; closed, 3,472; increase, 457)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $600)
b. Profit and loss (increase during year, $96,525.26) .
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.


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

Total Liabilities .

. $11,202,787 60

561,000 00
498,754 91
$27,607 29
2,040 70
-----------------

25,566 59

. $12,288,109 10

No. 8.]

BANK COMMISSIONER

239

Total Expenses for the Year, including: State Taxes.
State Tax (Net). Salaries.
Kent.
Am ount paid for
$25,635.04 $19,625.75 $2,500.00
C ost per $1,000 of assets
2.09
1.60
.20
C ost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$2,123.58 $49,884.37
.17
4 .06
1.77

Gross income received during the year, $585,713.85.

Rates on Investments and Loans (Average on All, 4.82%).
Real estate loans {average rate 5.22 per cen t.): 4J^%, $294,500; 4 ^ % , $195,600; 5%, $2,072,823; 5 A % t
$2,488,749; 6%, $87,006.
Personal loans (average rate, 4.73 per cen t.): 4L£%, $212,000; 4)^% , $1,193,000; 4J^%, $50,000; 4 % % ,
$543,500; 5%, $495,615; 5M % . $155,000; 5 A % , $80,400; 6%, $66,505.
Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cent.): 3.11%, $25,000; 3A%> $426,000;
4%, $2,015,500; 4J£%, $40,000; 4.30%, $14 000; 4J^%, $854 000; 5%, $292,000; 5 ^ % . $30,000;
6%, $25,000; 7%, $32,500; 8%, $15,000; 9%, $59,700; 10%, $21,500.
Number of loans not over $3,000 each, 1,399, amounting to $2,252,066.
205 real estate loans made during year, amounting to $557,063.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct. 1915, 2%
Number of deposits during year, 44,118, amounting to

$210,528 56
212,231 58
2,169,121 45

Number of withdrawals during year, 29,758, amounting to

$2,591,881 59
2,442,870 99
$149,010 60

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$200,000 Massachusetts ZAs
75.000 Massachusetts 4s
8.000 Bay City, Mich., 4s
5.000 Bay City, Mich., 5s
160.000 Boston 4s
40.000 Boston 4J4s
25.000 Bridgeport, Conn., 4s
55.000 Cambridge 4s
30.000 Canton, 0., 5 A b
20.000 Chicago, 111., 4s
25.000 Cleveland, 0., ±As
30.000 Danbury, Conn., 4s
50.000 Detroit, Mich., 4s
126.000 Fall River 4s
50.000 Grand Rapids, Mich., 4}dis
25.000 Haverhill 4s
50.000 Holyoke 3^s
24.000 Holyoke 4s
25.000 Kansas City, Mo., 4s
25.000 Lawrence 4s
25.000 Los Angeles, Cal., 4V£s
46.000 Lowell 4J^s
25.000 Lynn 4s
15.000 Milwaukee, Wis., ZAs
50.000 Minneapolis, Minn., 4s
304.000 New Bedford 4s
154.000 New Bedford 4As
25.000 New London, Ct., 4s
25.000 New London, Ct., 5s
75.000 Oakland, Cal., 5Ms
D ates

o p

E x a m in a t io n ,


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

Par Value.
$50,000 Oshkosh, Wis., 4As
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
32.000 Taunton 4A&
10.000 Willimantic, Conn., 4s
4,000 Middleboro’ (F. D.), 4s

Public Funds, Notes.
$25,000 Brookline 3.11%
50,500 Dartmouth 4s
17.000 Dartmouth 4As
14.000 Dartmouth 4.30%

Railroad Bonds.
$25,000 Boston & Albany ZAs
50.000 Boston & Albany 4As
50.000 Boston & Albany 5s
35.000 Boston & Maine ZAs
50.000 Boston & Maine 4s
75.000 Boston & Maine 4As
24.000 C., B. & Q. 4s
75.000 Chic., Mil. & St. P. 4A>s
25.000 Chicago, Mil. & St. P. 5s
50.000 Connecticut River ZAs
25.000 Fitchburg ZAs
50.000 Fitchburg 4s
25.000 Fitchburg 4As

December 20-23 inclusive.

Par Value.
$1,000 Illinois Central ZAs
50.000 Louisville & Nashville 4s
53.000 Louisville & Nash ville 5s
50.000 Michigan Central 4s
25.000 M., St. P. & Sit. St. M. 4s
50.000 New England 4s
25.000 N. Y., N. H. & H. ZAs
75.000 N. Y., N. H. & H. 4s
130.000 Old Colony 4s
50.000 Providence Term. Co. 4s
25.000 Portland & Ogdens. 4As
100.000 Pennsylvania 4As

Street Railway Bonds.
$75,000 Boston Elevated 4As
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
29 Mechanics Nl. Bk., New Bedford
568 Merchants Nl. Bk., New Bedford
100 Third Nl. Bk., Springfield

REPORT OF THE

240

[Pub. Doc.

NEW BEDFORD INSTITUTION FOR SAVINGS, NEW BEDFORD.
174 UNION STREET.
Incorporated June 16, 1825.
W il l ia m

W.

C bapo ,

Number of corporators 114; number of trustees, 32.

President.
E dm und

G eorge
W ood,

Board of Trustees: G. N. A l d e n , G i d e o n
C. W . C l i f f o r d , C . A. C o o k , H. H .
, E . P . H a s k in
K e r r , J. W . K n o w
P r e s c o t t , W . A. R
H . L. T i f f a n y , E .
m a n

A llen ,
C rapo ,

, T . S. H a t h a w a y , C . M
l e s , W . A. M a c k i e , H . C
o b in s o n , W . A. R o b in s o
S . W i l d e , C . F. W i n g ,

s

II.

B atch elo r,

Clerk o f the Corporation.
Jr., B. H. A n t h o n y , E . W . B o u r n e , E .
W. W. C r a p o , B e n j a m in C u m m in g s , H

S. B ro w n ,
. E . C u sh ­

. 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 .
. 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
n , Jr., J. E . N. S h a w , E . D . S t e t s o n , F. H . T a b e r ,
E dm und W ood.

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 i d e o n A l l e n ,
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.

Treasurer.

A n th o n y,

E. T.

Jr., E. 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 30, 1915.
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
.
.
.
1,591 loans on real estate (average o f each, $3,4-09.64)
Less amount due on uncompleted loans .
.
.

.

.

.

.
.
.

.

.
.
.

.

.

.

.

Total Assets

.

.
.
.

87
20
00
00
25
00

.
.
.
.
.
.
.
.
$5,440,466 03
.
.
.
15,717 49
------------------------------------------ 5,424,74854
190 loans on personal security
.
.
.
.
.
.
.
.
.
.
4,166,744 72
Bank building and fixtures (.estimated value, $167,500; assessed value, $183,800) .
167,500 00
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
404 88
Internal revenue stamps
.
.
.
. ’
.
.
.
.
.
.
.
213 98
Deposits in national banks or trust companies
.
.
.
.
.
.
.
682,143 76
C a s h ....................................................................................................................................................
49,443 00
.

.
.
.

$4,034,422
4,564,381
398,800
80,000
187,861
639,862

.

.

.

.

.

.

$20,396,526 20

.

.

.

$18,668,109 44

.

934,000 00
749,757 69

Liabilities.
Due depositors on 37,703 accounts, averaging $495.13 each
.
.
(Accounts opened during year, 4,664; closed, 4,883; increase, 381)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, none)
.
6. Profit and loss (increase during year, $ 163,602.50)
.
.
Current income; —
o. Interest .
.
.
.
.
.
.
.
.
.
b. Discount .
.
.
.
.
.
.
.
.
.

.
.

.
.

.

$40,979 42
1,023 59
42,003 01
2,656 06

Unearned discount

Total Liabilities .

.

.

.

.

$20,396,526 20

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$51,448.57 $23,094.86
Cost per $1,000 of assets
2 .5 2
1.13
—
Cost per $1,000 of assets not including State tax and rent .
.
Gross income received during the year, $954,272.29.


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

Advertising. Other Expenses.
Total.
$4,833.82 $79,377.25
.24
3.89
.
.
.
.
1.37

BANK COMMISSIONER.

No,

241

Rates on Investments and Loans (Average on AH, 4.67%)
Real estate loans (average rate, 5.04 per cent.): 4%, $260,000; 4 X
A % , $935,638; 4 % % , $131,200; 5%,
$1,652,665.54; 5V2%, $2 281,335: 6%, $113,910.
Personal loans (average rate, 4.93 per cen t.): 4%%., $325,000; 4^2%, $1,060,000; 4 % % , $370,000; 5%,
$1,617,700; 5M % , $25,000; 5)^% , $417,680.67; 6%, $351,364.05.
Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 3%, $208,000; 3% % , $65,000;
3)^% , $15,000; 3.35%, $10,000; 3 ^ % , $30,000; 3 ^ % , $1,795,000; 3% % , $55,000; 4%, $5,915,879;
4Ji% , $40,780; 4 % % , $744,737.50; 4M % . $22,150.12; 5%, $383,900; 6%, $198,100; 7%, $160,600;
8%, $119,000; 9%, $209,600; 10%, $43,000; 12%, $56,400; 14%, $17,000.
Number of loans not over $3,000 each, 1,291, amounting to $1,973,414.72.
231 real estate loans made during year, amounting to $664,300.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 40,410, amounting to

$356,523 61
356,615 26
2,994,108 48
$3,707,247 35
3,683,839 88

Number of withdrawals during year, 34,758, amounting to
Net increase in amount due depositors

.

.

.

.

.

.

.

.

$23,407 47

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$100,000 Massachusetts 3s
350.000 Massachusetts 3J^s
101.000 Massachusetts 4s
50.000 Essex Co. 4s
31.000 Akron, 0., 5s
415.000 Boston 4s
30.000 Brockton 4s
11.000 Canton, 0., 3}4s
100.000 Chicago, 111., 4s
50.000 Danbury, Ct., 4s
50.000 Dayton, 0., 5s
50.000 Detroit, Mich., 4s
8.000 Everett 4s
23,500 Everett 4%s
25.000 Fall River 4s
60.000 Fitchburg 4s
50.000 Flint, Mich., 4Hs
26.000 Gloucester 4s
50.000 Grand Rapids, Mich., 4V£s
74.000 Haverhill 4s
39.000 Holyoke 4s
130.000 Kansas City, Mo., 4s
50.000 Lawrence 4s
50.000 Los Angeles, Cal., 4Hs
20.000 Lowell 4s
35.000 Lynn 4s
100.000 Minneapolis, Minn., 4s
174.000 New Bedford 3J^s
376.000 New Bedford 4s
50.000 Omaha, Neb.,
35.000 Pittsburgh, Pa., 4s
50.000 Pittsfield 4s
100.000 Portland, Ore., 4s
25.000 Portland, Ore., 6s
50.000 Providence; R. I., 4s
100.000 Seattle, Wash., 4J^s
21.000 Somerville 4s
16.000 Springfield, 0., 4Ks
25.000 Spokane, Wash., 4s
50.000 Spokane, Wash., 4V£s
66,250 Syracuse, N. Y., 4s
30.000 Woonsocket, R. I., 4s
50.000 Woonsocket, R. I., 4J^s
50.000 Worcester 4s
15.000 Youngstown, 0., 4s
6.000 Brookfield 4s
25.000 East Providence, R. I., 4s
45.000 Fairhaven 4s
44.000 Marion 4}^s
16.000 Nantucket 4J/£s
25.000 Pepperell 4s
8,400 Plainville 4s
3,500 Saugus 4s
25.000 Winthrop 3%s
D ates

o f

E x a m in a t io n


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

Public Funds, Notes.
Par Value.
$120,000 Bristol Co. 4s
2.000 Haverhill 3V¿s
1.000 Acushnet 4s
4.000 Acushnet 5s
15.000 Amesbury 3bis
10.000 Brewster 3.35%
5.000 Carlisle 3.20%
77,600 Fairhaven 4s
15,280 Fairhaven 4}^s
2.000 Fairhaven 4j4is
22,150 Fairhaven 4%s
3,600 Fairhaven 5s
14.500 Falmouth 4J^s
3,737 Gosnold 4Ms
20.000 Holbrook 3.20%
10.000 Mansfield 3.20%
18,119 Mattapoisett 4s
1,750 Revere 4s
3.000 Rochester 4s
8.000 Tisbury 3s
30.000 Warren 3.20%
30.000 Westport 3Ms
36.500 Westport 4s
500 Westport 4Ks
3,300 Westport 5s
30.000 Winchester 3%a

Railroad Bonds.
$50,000 Boston & Albany 3J^s
170.000 Boston & Albany 4s
100.000 Boston & Albany 5s
87.000 Boston & Lowell 4s
100.000 Boston & Maine 3J^s
200.000 Boston & Maine 4s
10.000 Boyer Valley 3J4s
14,600 Burl. & Mo. River 6s
25.000 Cedar Rapids & Mo. Riv. 7s’
200.000 C„ B. & Q. 3^s
358.000 C., B. & Q. 4s
■;
7,000 ( ’,, B. & Q. 5s
50.000 Chic., Mil. & St. P. 4s
50.000 Chic., Mil. & St. P. 4J^s
25.000 Chic., Mil. & St. P. 5s
128.000 Chic. & Northwestern 4s
31.000 Chic., St. P., Minn. & 0. 6s
25.000 Cleveland Short Line 4J^s
80.000 Concord & Montreal 4s
248.000 Connecticut River 3)4s
150.000 Delaware & Hudson 4s
50.000 Erie & Pittsburgh 3J^s
100.000 Fitchburg 3J^s
275.000 Fitchburg 4s
December 20-24 inclusive.

Par Value.
$25,000 Fitchburg 4J^s
25.000 Great Northern 4\ia
100.000 Illinois Central 3s
150.000 Illinois Central 3V£s
75.000 Illinois Central 4s
28.000 Lake S. & Mich. South. 4s
50.000 Louisville & Nashville 4s
25.000 Louisville & Nashville 6s
158.000 Michigan Central 4s
50.000 M., St. P. & S. Ste. M. 5s
225.000 New England 4s
50.000 N. Y. C. & H. R. 3V2a
370.000 N. Y., N. H. & H. 4s
25.000 Old Colony 3^s
419.000 Old Colony 4s
75.000 Pennsylvania 4J^s
14.000 Peoria & Northwest. 3Vás
71.000 Princeton & Northw. 3)d>s
20.000 Sioux City & Pacific 3Jd>s
30.000 St. J. & L. C. 5s
45.000 St. P., Minn. & Man. 6s
90.000 Washington County 3j4>s
55.000 Wilmar & Sioux Falls 5s

Street Railway Bonds.
$84,000 Boston Elevated 4s
50.000 Boston Elevated 4)^s
50.000 Boston & Northern 4s
25.000 Holyoke 5s
25.000 Old Colony 4s
175,000 West End 4s

I Bank ^Stocks.
Shs.
90 Eliot Nl. Bk., Boston
170 First Nl. Bk., Boston
230 Merchants Nl. Bk., Boston
460 Nl. Bk. of Commerce, Boston’
1.000 Nl. Shawmut Bk., Boston
130 Nl. Union Bk., Boston
564 Second Nl. Bk., Boston
60 Webster & Atlas Nl. Bk., Boston
22 Nl. Bk. of Fairhaven
200 Fall River Nl. Bk.
375 Metacomet Nl. Bk., Fall River
1,356 First Nl. Bk., New Bedford 1
1.000 Mechanics NI. Bk., N. Bedford
1,096 Merchants NI. Bk., N. Bedford
200 Third Nl. Bk., Springfield

242

REPORT OF TPIE

[Pub. Doc,

NEWBURYFORT FIVE CENTS SAVINGS BANK, NEWBURYPORT.
74 STATE STREET.
Incorporated April 24, 1854.
C h arles

President.

T h u rlo w ,

John

J. W il l is

Board of Trustees:
m a n

, E r s k in e

L . H . B a il e y ,
C lem ent, C .

H ale , L aurence
J.

A.

J.
L .

H . B alch,

Jr., C. A.

D a v is ,

D .

A . C.

H .

A.

B l is s ,

D odge,

W. F .
a s o n , W. H

N

T .

Treasurer.

L u n t,

Clerk of the Corporation.

C u r r ie r ,

H a y w a r d , J . H . H ig g in s ,

M a y n a r d , J. E . M o o dy,

C harles

Number of corporators, 68; number of trustees, 23.

M . B r e w s t e r , M ic h a e l

N a t h a n ie l

D o le, E rn est

H o u s t o n , W il l ia m
. N o yes,

G.

W.
G. W .

Ilsley,

H . P lu m er,

C ash -

F oss, E .

A.

R . Johnson,
R ic h a r d s o n ,

T h u rlo w .

Board of Investment:

C harles

G.

T h u rlo w ,
J.

Auditing Committee:

L aurence

H .

H ayw ar d ,

W .

R ic h a r d s o n , W .

R .

J o h n s o n , W il l ia m

Ilsley,

A.

H a l e ,

B a l c h , Jr.

L.

E rnest

H.

J.

B a il e y ,

E .

M oody,

E .

F oss.

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 30, 1915.
A ssets.
Public funds, b o n d i 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
427 loans on real estate {average of each, $3,146-49) ■
Less amount due on uncompleted loans .
.
.
.

.
.
.
.
.
.

$479,680
471,940
98,800
57,084
58,351
500

00
00
00
00
00
00

1,342,555
524,700
30,000
8,944
171,882
4,611

00
00
00
78
42
26

$1,343,555 00
1,000 00

48 loans on personal security
.
.
.
.
.
.
Bank building and fixtures {estimated value, $35,000; assessed value $35,000)
Real estate by foreclosure, etc. {assessed value, $14,900) .
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.
.
.

Total Assets

$3,249,048 46

Liabilities.
Due depositors on 6,337 accounts, averaging $458.98 each
{Accounts opened during year, 795; closed, 634; increase, 161)
Surplus: —
a. Guaranty fund (4.97% o f deposits; increase during year, $2,170)
b. Profit and loss {increase during year, $25,024-91) .
Current income: —
a. Interest .
.
.
.
.
.
.
$1,280 77
b. Rent
.
.
.
.
.
.
.
35 01

. $2,908,562 98

144,600 00
182,408 46*

$1,315 78
426 21

Less current expenses not charged off
Premium account

.

.

.

889 57
12,587 45

.

Total Liabilities .

.

.

.

.

$3,249,048 46

* The November, 1915, dividend of $56,094.94, not yet charged out of this amount.


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

No. 8.]

BANK COMMISSIONER.

243

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Amount paid for
$5,672.06 $6,441.72
$800.00
Cost per $1,000 of assets
1.74
1.98
.25
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$91.38
$1,536.76 $14,541.92
.03
.47
4 .4 7
2 .48

Gross income received during the year, $147,351.30.

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 5.03 per cen t.): 4J^%, $53,500; 5%, $1,113,505; 5J4%, $83,000; o'A% ,
$67,575; 6%, $24,975.
Personal loans (average rate, 4.73 per cent.): 4J^%, $121,000;
$15,000; 4J^%, $166,650; 4 % % ,
$44,000; 5%, $128,050; 6%, $40,000; 6H % , $10,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cen t.): 3%, $35,000; 3V£%, $99,000; 4%,
$756,180; 4M % , $15,000; 4J^%, $180,000; 5%, $40,800; 5 ^ % , $15,000; 6%, $9,450; 7%, $2,500;
8%, $36,200; 12%, $8,800.

Number of loans not over $3,000 each, 295, amounting to $314,255.
50 real estate loans made during year, amounting to $167,775.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2 %
Number of deposits during year, 5,608, amounting to
.

.

Number of withdrawals during year, 5,003, amounting to
Net increase in amount due depositors

.

.

.

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

.
.

.
.

.

.

.

.

$55,099 47
55,381 84
333,709 49

.

$444,190 80
384,263 50

.

$59,927 30

SCHEDULE OF SECURITIES OWNED.

Public Funds, Bonds.
Par Value.
$20,000 New York State 4}^s
73.000 Boston 4s
15.000 Boston 4J4s
7.000 Brockton 4s
15.000 Canton, 0., 5J^s
25.000 Chelsea 3V2s
45.000 Chelsea 4s
14.000 Danbury, Ct., 4s
25.000 Los Angeles, Cal., 4J^s
25.000 Minneapolis, Minn., 4s
27.000 New Bedford 4s
10.000 New Britain, Ct., 4s
9.000 Newburyport 3)^s
25.000 Omaha, Neb., 4Jfis
10.000 Seattle, Wash., 4j4>s
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., 3^s
10.000 Warwick, R. I., 4L£s
3.000 Augusta, Me. (W. D.), 4s-

D ates

o p

E x a m in a t io n ,


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

Public Funds, Notes.
Par Value.
$5,500 Newbury 4s
15,080 Rowley 4s

Railroad Bonds.

Par Value.
$10,000 Portland Terminal Co. 4s
10.000 Upper Coos 4s
10.000 Upper Coos i}4s
12.000 Worcester, Nash. & R. 4s

Street Railway Bonds.

$15,000 Boston & Albany 3p£s
$25,000 Boston Elevated 4s
55.000 Boston & Albany 4s
45.000 Boston Elevated 4Jis
25.000 Boston & Maine 4s
10.000 Boston & Northern 4s
35.000 Boston & Maine 4J^s
10.000 West End 4s
10.000 C., B. & Q. 3^s
10.000 West End 5s
40.000 C., B. & Q. 4s
75.000 Chicago & Northw. 4s
10.000 Connecticut River 4s
Bank Stocks.
15.000 Fitchburg 4s
Shs.
10.000 Fitchburg 5s
8 Boylston NI. Bk., Boston
35.000 Illinois Central 3s
88 First NI. Bk., Boston
10.000 Illinois Central 4s
25 Fourth-Atlantic NI. Bk., Boston
20.000 la., Minn. & Northw. 3}^s
18 NI. Bk. of Commerce, Boston
5,000 Louisville & Nashville 6s
300 NI. Shawmut Bk., Boston
10.000 N. Y. Cent. & Hud. River 4s 24 NI. Union Bk., Boston
10.000 N. Y., N. H. & H. tyis
38 Webster & Atlas NI. Bk., Boston
35.000 N. Y., N. H. & II. 4s
56 First NI. Bk., Newburyport
35.000 Old Colony 4s
89 Océan NI. Bk., Newburyport
January 13, 14.

D a t e s o f A u d it ,

April 12-16 inclusive.

244

REPO RT OF THE

[Pub. Doc.

i

NEWTON SAVINGS BANK, NEWTON.
286 WASHINGTON STREET.
Incorporated June 17, 1831.

C harles

T.

P u l s ip e r ,

President.
W il l ia m

Board of Trustees: W . F.
n in g

, Sam uel

T. W.

Number of corporators, 29; number of trustees, 15.

C h arles
F .

B acon,

H.

C lark ,

Treasurer.

Clerk of the Corporation.

W . H. B a r k e r , H. 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 ­
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 ,
u l s i f e r , G. F. S i m p s o n , A . It. W e e d , E . T . W i s w a l l .

B acon,

F arq u h ar,

P roctor,

Board of Investment:

C. T .

C .

T.

P

P u l s if e r , W . F . H a r b a c h , H . 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
E a r ly.

Auditing Committee:

C .

T.

P u l s if e r ,

W . H.

B ark er, E ugene

F a n n in g .

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 . ; Sat­
urdays, 9 a . m . to 1 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
.
.
.
796 loans on real estate (average o f each, $5,439.14) .
.
.
.
.
.
26 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $50,000; assessed value, $53,600)
.
Real estate by foreclosure, etc. (assessed value, $12,050) .
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.
.

.

.

$102,860
1,320,812
300,000
150,000
115,356
65,750
4,329,556
394,075
50,000
6,373
668
226,317
10,922

00
51
00
00
25
13
80
00
00
21
71
37
04

$7,072,692 02

Liabilities.
Due depositors on 16,107 accounts, averaging $404.77 each
{Accounts opened during year, 1,227; closed, 1,128; increase, 104)
Surplus: —
a. Guaranty fund {4.97% of deposits; increase during year, $8,345)
b. Profit and loss {increase during year, $16,979.79) .
Current incom e:
a. Interest .
.
.
.
.
.
.
.
.
.
b. Rent
.
.
.
.
.
.
.
.
.
.


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

3,519,644 98

323,920 00
145,217 00
32,200 37
1,709 67
83,910 04

Total Liabilities .

. $7,072,692 02

No.

BANK COMMISSIONER.

245

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$9,619.90 $12,629.91
$2,500.00
Cost per $1,000 of assets
1.36
1.78
.35
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$128.99
$2,549.75 $27,428.55
.02
.36
3 .8 7
..........................................
2 .16

Gross income received during the year, $323,730.32.

Rates on Investments and Loans (Average on All, 4.64%).
Real estate loans (average rate, 5 per cen t.): 4)4% , $45,000; 5%, $4,239,806.80; 5)4% , $2,000; 5)4% ,
$30,750; 6%, $12,000.
Personal loans (average rate, 4.99 per cent.): 4M % , $150,000; 5%, $144,000; 5)4%» $93,625; 6%,
$1,450; 7%, $5,000.
Bonds stocks, etc. (average rate on amounts invested, 3.82 per cen t.): 3%, $6,000; 3)4% , $706,000; 4%,
$1,173,600; 4)4% , $150,000.
Number of loans not over $3,000 each, 342, amounting to $647,368.60.
66 real estate loans made during year, amounting to $532,400.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 12,791, amounting to

$121,574 20
123,786 18
879,682 98

Number of withdrawals during year, 11,987, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

$1,125,043 36
906,594 21

.

.

.

.

$218,449 15

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Railroad Bonds.

Par Value.
$1,000 Massachusetts 3s
25.000 Massachusetts 3J4s
25.000 Chicago, 111., 4s
1.000 Fall River 3)4s
25.000 Kansas City, Mo., 4s
5.000 Newton 4s
5.000 Providence, R. I., 3s
10.000 Bristol, R. I., 3)4s
8.000 Needham 4s

D ates

of

E x a m in a t io n


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

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

a n d

A u d it ,

M ay 5-7.

Par Value.
$25,000 Illinois Central 4s
100.000 N. Y., N. H. & H. 314s
230.000 N. 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

246

REPORT OF THE

[Pub. Doc,

)

NEWTON CENTRE SAVINGS BANK, NEWTON.
81 UNION STREET (NEWTON CENTRE).
Incorporated February 25, 1896.

H en ry

II.

K en d all,

President.

W il l ia m

W il l ia m

Board of Trustees: W . C.
N. H. G e o r g e , F . J.
L u it w ie l e r , G .
F . R ic h a r d s o n ,

Number of corporators, 36; number of trustees, 20.

M .

B r e w e r , H .
H a l e ,

A.

F lan d ers,

J.

L . Scott, M .

C.

Board of Investment: H. H.

K e n d a l l , S.

Auditing Committee: A . L.

Scott,

C. S.

R ic e ,

Treasurer.

B. D o n h a m , W . M . F l a n d e r s , F . G a s b a r r i ,
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.
O . E . N u t t e b , I. C . P a u l , F . L . R i c h a r d s o n , G .

C arlso n , W .

L . H arw o o d ,

H . M ellen , W . M .

A.

H .

Clerk of the Corporation.

N o ble,
T u ttle.

W.

Jo n es, N .

L u it w ie l e r ,

II.

G eo rg e,

G. F.

I. C.

P a u l,

F. L.

R ic h a r d s o n .

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 a . m . to 12 m .; 1.30 to 3 p .m .; Saturdays, 8 a .m .
to 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
161 loans on real estate (average of each, $3,193.37) .
Less amount due on uncompleted loans .
7 loans on personal security .
.
.
.
Real estate by foreclosure, etc. (assessed value,
Premium account
.
.
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.

20
10
00
50
25
00

514,132
33,600
14,026
4,909
11,274
113

50
00
25
50
92
42

$515,632 50
1,500 00

.
$22,800)
.
.

Total Assets

$50,653
365,622
87,333
19,482
6,696
4,000

.

.

.

.

. $1,111,843 64

Liabilities.
Due depositors on 3,720 accounts, averaging $286.95 each
.
.
.
.
.
(Accounts opened during year, 562; closed, 419; increase, 143)
Surplus: —
а. Guaranty fund (2.76% of deposits; increase during year, $2,597.82) .
.
»
б. Profit and loss (decrease during year, $267.46)
.
.
.
.
.
.
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
$6,619 12
Less current expenses not charged off
.
.
.
.
762 66
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.


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

Total Liabilities .

$1,067,445 28

29,467 92
8,743 98

5,856 46
330 00

. $1,111,843 64

No. 8.]

BANK COMMISSIONER.

247

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Am ount paid for
$2,064.76 $1,299.96
$686.28
Cost per $1,000 of assets
1.86
1.17
.62
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$155.70
$792.87
$4,999.57
.14
.71
4 .5 0
2.02

Gross income received during the year, $49,981.90.

Rates on Investments and Loans (Average on All, 4.74%).
Real estate loans (average rate, 5.13 per cent.): 5%, $428,587.50; 5J^%, $35,645; 6%, $49,900.
Personal loans (average rate, 5.39 per cent.): 5%, $19,000; 5M%> $2,000; 6%, $12,600.
Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3%, $8,000; 314%, $137,000;
3.65%, $23,000; 4%, $164,000; 4 ^ % , $87,000; 5%, $129,000; 12%, $2,600; 14%, $1,400.
Number of loans not over $3,000 each, 92, amounting to $164,242.50.
19 real estate loans made during year, amounting to $77,000.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 5,096, amounting to

$18,700 50
19,494 40
327,102 10

Number of withdrawals during year, 2,769, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$365,297 00
288,253 66

.

$77,043 34

SCHEDULE OF SEC U RITIE S O W N ED.

Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3}4s
23.000 Newton 3.65%
8,000 Br. & Tops., Me. (W. D.), 4s
16.000 Kennebec, Me. (W. D.), 3Ms

Railroad Bonds.
$10,000 Atch., Top. & Santa F5 4s
3.000 Baltimore & Ohio 3F£s
20.000 Boston & Albany 3Ms
5.000 Boston & Albany 4s
5.000 Boston & Albany 5s
3.000 Boston & Maine 4s
1.000 Boston & Maine 4J^s
5.000 Boston, R. B. & Lynn 4J^s
7.000 C., B. & Q. 3Mb
50.000 C., B. & Q. 4s
30.000 Chicago, Mil. & St. P. 4}4s

D ates

op

E x a m in a t io n s


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

Par Value.
$44,000 Chicago, Mil. & St. P. 5s
1.000 Concord & Montreal 4s
10.000 Fitchburg 3)^s
6.000 Fitchburg 4s
10.000 Fitchburg 5s
8.000 Illinois Central 3s
20.000 Illinois Central 3KS
18.000 Illinois Central 4s
1.000 Illinois Central 5s
1.000 Kal., Al. & Gr. Rapids 5s
1.000 Me. Cen. & Eu. & No. Amer. 4s
5.000 Michigan Central 3J^s
1.000 Michigan Central 4s
5.000 Mil., L. S. & W. 5s
51.000 N. Y „ N. H. & H. 3Ms
15.000 N. Y „ N. H. & H. 4s
5.000 No. Maine Seaport 5s
25.000 Northern Pacific 4M&
2.000 No. Pacific-Wash. Cent. 4s
10.000 Pennsylvania 4)^s

and

A

u d it s ,

Par Value.
$3,000 Penobscot Shore Line 4s
1,000 Portland & R. Falls 4s

Street Railway Bonds.
$3,000 Boston Elevated 4s
16.000 Boston Elevated 4J^s
30.000 Boston Elevated 5s
7.000 Boston & Revere 5s
5.000 Glouc., Essex & Bev. 5s
2.000 Lynn & Boston 5s
15.000 West End 4s
10.000 West End 5s

Bank Stocks.
Shs.
14 First Nl. Bk., Boston
26 Newton Trust Co.

January 4 - 8 inclusive, July 6 - 1 0 inclusive.

248

REPO RT OF THE

[Pub. Doc.

NONOTUCK SAVINGS BANK, NORTHAMPTON.
57 MAIN STREET.

Incorporated February 9, 1899.

H en ry

L.

W il l ia m s ,

Number of corporators, 41; number of trustees, 19.

President.

O r iv il l e

C l if f o r d

H.

L ym a n ,

W.

P ro u ty,

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 , 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 , I t . 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: C. W .

Auditing Committee: C. H.

K in n e y , O .

L ym a n ,

F. M .

W.

P ro u ty

(o n e v a c a n c y ).

Stark w eath er

(one vacancy).

.Deposits draw interest from first W ednesday 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 30, 1915.
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
.
350 loans on real estate (average of each, $1,807.78) .
66 loans on personal security
.
.
.
.
Real estate b y foreclosure, etc. ( assessed value, $300)
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.
.
.

.
.
.
.
.
.
.

.

.
.

.

.

.

.

.
.

Total Assets

.
.
.
.
.
.
.
.
.
.
.

.
.

.
.

.

.

.

.
.
.
.
.
.
.
.
.
.
.

.

$34,386
103,533
32,993
18,008
24,726
6,500
632,725
133,076
300
42,860
1,376

.

.

68
80
75
75
00
00
07
02
00
05
75

$1,030,486 87

Liabilities.
Due depositors on 2,559 accounts, averaging $379.31 each
(Accounts opened during year, 401; closed, 385; increase, 16)
Surplus: —
a. Guaranty fund (3.58% of deposits; increase during year, $3,800)
b. Profit and loss (increase during year, $2,404.64)
Current incom e: —
Interest
Less current expenses not charged off
.
.
.


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

Total Liabilities .

$970,665 89

34,800 00
15,543 73
$11,096 50
1,619 25
-----------------

9,477 25

. $1,030,486 87

249

BANK COMMISSIONER.

No. 8.'

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$1,613.12 $2,905.00
$500.00
1.56
2.82
Cost per $1,000 of assets
.48
Cost per $1,000 of assets not including State tax and rent .

Total.
Advertising. Other Expenses.
$825.35
$5,933.47
$90.00
5 .75
.09
.80
3.71

Gross income received during the year, $48,317.12.

Kates on Investments and Loans (Average on All, 4.84%).
Real estate loans (average rate, 5 per cent.): 5%, $632,725.07.
Personal loans (average rate, 5.05 per cent.): 5%, $120,576.02; 5J-£%, $12,500.
Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cen t.): 3%, $5,000; 3
$10,000; 3)4% ,
$35,000; 4%, $111,000; 4J^%, $23,000; 5%, $17,500; 6%, $5,000; 7%, $3,300; 8%, $4,700; 10%,
$2,800; 14%, $1,000.

N um ber of loans not over $3,000 each, 361, amounting to $470,551.09.
38 real estate loans made during year, amounting to $57,500.

Dividends, Deposits and Withdrawals.
$18,381 69
16,359 06
186,561 54

Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 1% %
Number of deposits during year, 3,038, amounting to

Num ber of withdrawals during year, 2,326, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$221,302 29
211,471 16

.

$9,831 13

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$3,000 Boston 3J^s
3.000 Minneapolis, Minn., 4s
3.000 Portland, Ore., 4s
10,000 St. Louis, Mo., 3J^s
6.000 So. Hadley 4s

Public Funds, Notes.
$10,000 Hatfield 4s

Railroad Bonds.

Par Value.
$5,000 Boston & Albany 4J^s
10.000 Boston & Albany 5s
11.000 Boston & Maine 4s
3.000 Boston & Maine 414s
.10,000 Boston & Lowell 4)£s
20.000 C., B. & Q. 3^8
5.000 C., B. & Q. 4s
5.000 Chic., Mil. & St. Paul 5s
1.000 Connecticut River 3b£s
5.000 Erie & Pittsburgh 3J^s
5.000 Illinois Central 3s
10.000 Lime Rock 4s
10.000 N. Y „ N. H. & H. 4s
2.000 Old Colony 4s

5.000 Baltimore & Ohio 3J^s
1.000 Boston & Albany 3)^s

D ates

o f

E x a m in a t io n ,


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

June 28, 29.

Street Railway Bonds.
Par Value.
$1,000 Boston Elevated 4s
5,000 Boston Elevated 4b£s
10.000 Boston & Northern 4s
10.000 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

250

REPO RT OF THE

[Pub. Doc,

NORTH ADAMS SAVINGS BANK, NORTH ADAMS.
86 MAIN STREET.
Incorporated April 26, 1848.

H ebbebt

W .

C l a b ic ,

President.
A. W .

Number of corporators, 45; number of trustees, 15.

E zea
C h ip p e n d a l e ,

D .

Treasurer.

W h it a k e b ,

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 b k , C . H. C u t t i n g , W . P. M c C b a w ,
M c V e ig h , C . T. P h e l p s , W . H . P e it c h a e d , W . H . S p e b b y , F . D . S t a p f o e d , E d m o n d
J. P. W a l l , A . C . W e b e b , V . A . W h i t a k e b , 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 , W .

Auditing Committee:

C .

H.

C u t t in g ,

A.

H.

Sh ebm an
V a d n a is ,

S p e b b y , W . P . M cC b a w .

W . C h ip p e n d a l e , Sh e b m a n

M cV e ig h .

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 30, 1915.
Assets.
$141,832
614,965
127,390
60,000
45,785
8.351
1,670,928
528,761
46,644
24,964
1.352
106,848
9,158

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
.
.
.
.
.
.
466 loans on real estate (average of each, $3,585.68) .
.
.
.
.
.
97 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $73,000; assessed value, $63,000)
Real estate by foreclosure, etc. (assessed value, $26,700) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Deposits in national banks or trust companies
.
.
. “ .
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.

.

92
00
00
00
00
00
78
52
63
70
60
07
00

$3,386,982 22

Liabilities.
$3,143,361 44

Due depositors on 7,563 accounts, averaging $415.62 each
(Accounts opened during year, 1,116; closed, 911; increase, 205)
Surplus: —
a. Guaranty fund (5.57% of deposits; increase during year, none)
b. Profit and loss (increase during year, $8,799.64)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

175,000 00
46,577 45
$22,371 63
787 58
21,584 05
10 01
449 27

Savings bank life insurance
Suspense account


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

Total Liabilities .

.

.

.

.

$3,386,982 22

No. 8.]

BANK COMMISSIONER.

251

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$5,721.31
$7,655.37
$1,000.00
Cost per $1,000 of assets
1.69
2 .26
.29
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$127.48
$1,317.62
$15,821.78
.04
.39
4.67
2.69

Gross income received during the year, $155,939.23.

Rates on Investments and Loans (Average on All, 4.83%).
Real estate loans (average rate, 5.24 per cen t.): 4%, $150,000; 4}^% , $237,460; 5%, $600,555.70; 5J^%,
$20,500; 6%, $662,413.08.
Personal loans (average rate, 5.18 per cent.): 4J^%, $155,450; 4 % % , $41,100; 5%, $136,613; 5M%>
$25,000; 5h£%, $13,500; 6%, $132,098.52; 6 ^ % , $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cent.): 3%, $60,000; 3.40%, $5,340;
3 Yi.%, $93,600; 3J^%, $11,533.32; 4%, $537,600; 4)4% , $3,000; 4V2%, $157,200; 5%, $124,000;
6% , $ 10, 000 .

Number of loans not over $3,000 each, 415, amounting to $514,066.52.
67 real estate loans made during year, amounting to $94,200.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 8,466, amounting to

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

Number of withdrawals during year, 6,766, amounting to

.

Net increase in amount due depositors

.

.

.

.

.
.

.
.

.
.

$58,344 79
59,774 72
490,991 56

.

$609,111 07
460,423 81

.

$148,687 26

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$2,000 Boston 4s
5.000 Bridgeport, Conn., 4)4>s
4.000 Chicago, 111., 4s
5.000 Fall River 4s
10.000 Los Angeles, Cal., VAs
2.000 Melrose 4s
14.000 New Bedford 4s
15.000 Omaha, Neb., 4)4s
3.000 Portland, Ore., 4s
10.000 Portland, Ore., 6s
5.000 Sioux City, la., 4h%s
5.000 Springfield, Mo., 5s
3.000 East Bridgewater 4)4s
8,500 Littleton 4s
2,600 Plymouth 4s

Public Funds, Notes.
$2,000 Florida 5s
5,340 North Adams 3.40%

D ates

o f

E x a m in a t io n ,


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

Par Value.
$13,600 North Adams 3)4s
11,533 North Adams 3%s
3,500 North Adams 4s
11,200 North Adams 4J/£s

Railroad Bonds.

$35,000 N. Y „ N. H. & H. 3)4s
102,000 N. Y „ N. H. & H. 4s
30.000 Northern Me. Seaport 5s
25.000 Pennsylvania 4)4s
5,000 Port., Gt. Falls & Con. 4)4s
15.000 Portland Terminal Co. 4s
25.000 Sullivan County 4s

$64,000 Bangor & Aroostook 5s
20.000 Baltimore & Ohio 3)4s
Street Railway Bonds.
8.000 Boston & Albany 4s
7.000 Boston & Maine 4s
$15,000 Boston Elevated 4s
50.000 Boston & Maine 4)4s
20.000 Boston Elevated 4)4s
85.000 C., B. & Q. 4s
12.000 Boston & Northern 4s
5.000 Chic., Rock Island & Pac. Is
25.000 Hoosac Valley 4s.
10.000 Chic., Mil. & St. Paul 4s
21.000 Hoosac Valley 5s
6.000 Chic., Mil. & St. Paul 4)^s
5.000 Old Colony 4s
5.000 Delaware & Hudson 4s
25.000 Springfield 4s
30.000 Fitchburg 4s
6.000 West End 4s
5.000 Fitchburg 4)4s
60.000 Illinois Central 3s
25.000 Illinois Central 3)4s
Bank Stocks.
Shs.
8.000 Min., St. P. & Sit. St. M 4s
400 North Adams Trust Co.
2.000 Min., St. P. & Sit. St. M. 5s

M ay 17-19 inclusive.

252

REPO RT OF THE

[Pub. Doc.

NORTHAMPTON INSTITUTION FOR SAVINGS, NORTHAMPTON.
109 MAIN STREET.
Incorporated March 1, 1842.
O l iv e r

W alk e r ,

Number of corporators, 33; number of trustees, 17.

President.

Sam u el
T .

G.

S p a u l d in g ,

D .

D ru r y,

Treasurer.

Clerk o f the Corporation.

Board^ of Trustees: A. C . B a r d w e l l , 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 . L . L y m a n , F . S . 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 ru r y,

C la r k ,

F. E.

E . F.

C la r k , A rth u r

C ro o k s,

H. H.

W atso n .

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 . also M ondays, 6.30 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
796 loans on real estate (average of each, $3,869.50)
Less amount due on uncompleted loans .
63 loans on personal security
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value,
Real estate by foreclosure, etc. (assessed value, $59,870)
Taxes, insurance, etc., paid on mortgaged properties
Premium account
.
.
.
.
.
Suspense account
.
.
.
.
.
Accrued interest .
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.

$604,600
1,510,375
280,875
200,000
112,812
12,900
12,350

00
00
00
00
50
00
00

3,080,119
163,918
100,000
60,438
73
2,437
1,061
532
181,035
11,882

47
00
00
35
62
50
65
56
61
08

$3,181,219 47
101,100 00

100 , 000)

Total A s s e t s .......................................$6,335,411 34

Liabilities.
Due depositors on 14,962 accounts, averaging $396.49 each
.
.
.
.
.
(•Accounts opened during year, 2,002; closed, 1,656; increase, 446)
Surplus: —
a. Guaranty fund (4.92% of deposits; increase during year, $12,000)
.
.
.
b. Profit and loss (decrease during year, $16,673.28) .
.
.
.
.
.
Current incom e: —
I n t e r e s t ............................................................................................... $17,921 71
Less current expenses not charged off
.
.
$1,432 54
Less State and local taxes not charged off
.
2,030 89
----------------------3,463 43
-----------------------


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

Total Liabilities .

$5,932,387 36

292,000 00
96,565 70

14,458 28

. $6,335,411 34

253

BANK COMMISSIONER.

No. 8.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$10,416.61 $10,228.00
$438.32
Cost per $1,000 of assets
1.64
1.61
.07
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$261.05
$3,335.92 $24,679.90
.04
.53
3.89
..........................................
2.18

Gross income received during the year, $274,672.60.

Rates on Investments and Loans (Average on All, 4.59%).
Real estate loans (average rate, 4.99 per cent.): 4J^%, $127,000; 5%, $2,911,189.47; 5J^%, $40,000;
6%, $1,930.
Personal loans (average rate, 5.17 per cen t.): 4 Ji% , $25,000; 5%, $57,870; 5J^%, $69,998; 6%, $11,050.
Bonds, stocks, etc. (average rate on amounts invested, 4.10 per cent.); 3H%> $777,000; 3.65%, $11,000;
3.85%, $11,000; 4%, $1,372,300; 4M % , $77,000; 4 ^ % , $230,300; 5%, $275,000; 6%, $9,000;
7%, $900; 10%, $7,000; 12%, $5,000.

Number of loans not over $3,000 each, 686, amounting to $856,727.47.
120 real estate loans made during year, amounting to $721,400.

Dividends, Deposits and Withdrawals.
$109,616 86
112,178 11
1,129,060 78

Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 15,822, amounting to

.

Number of withdrawals during year, 13,063, amounting to

$1,350,855 75
1,067,833 55
$283,022 20

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$150,000 Massachusetts 3J^s
100,000 Massachusetts 4s
75.000 Boston 4s
50.000 Cambridge 4s
52.000 Northampton 3Ks
55.000 Northampton 4J^s
25.000 Seattle, Wash., 5s
31.000 Springfield 4s
5.000 Hadley (W. S. D.), 4s

Public Funds, Notes.
$3,300 Everett 4s
11.000 Northampton 3.65%
11.000 Northampton 3.85%
8.000 Northampton 4s
1.000 Northampton 4J^s
10.000 Northampton 4J^s
5.000 Easthampton 4s
12,300 Hatfield 4)^s

D ates

oe

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$50,000 Boston & Albany 4s
50.000 Boston & Maine 4s
25.000 Boston & Maine 4)^s
9,000 Burl. & Mo. River 6s
75.000 C„ B. & Q. 3^s
50.000 C., B. & Q. 4s
50.000 Chic., Mil. & St. Paul 5s
50.000 Chic. & Northw. 3J^s
25.000 Chic. & Northw. 4s
50.000 Chic., R. I. & Pac. 4s
150.000 Fitchburg 4s
25.000 Fitchburg 4p^s
76.000 Holyoke & Westfield 4J£s
50.000 Illinois Central 3)^8
100.000 L. Shore & Mich. So. 3J^s
100.000 Michigan Central 3J^s
50.000 Milwaukee, L. S. & W. 5s
100.000 N. York & N. E. 4s
215.000 N. Y „ N. H. & H. 4s

June 28-30 inclusive.

Par Value.
$100,000 No. Maine Seaport 5s
80.000 Old Colony 4s
50.000 Providence & Wore. 4s

Street Railway Bond3,
$100,000 Boston Elevated 4Ks
100,000 Boston & Northern 4s
50.000 Old Colony 4s
40.000 West End 5s

Bank Stocks.
Shs.
15 Nl. Bk. of Commerce, Boston
20 Merchants Nl. Bk., Boston
50 Second Nl. Bk., Boston
9 First Nl. Bk., Northampton
50 Northampton Nl. Bk.

254

REPO RT OF THE

[Pub. Doc,

NORTH AVENUE SAVINGS BANK, CAMBRIDGE.
I960 MASSACHUSETTS AVENUE.
Incorporated March 7, 1872.
C harles

F.

Number of corporators, 31; number of trustees, 16.

President.

Stratto n ,

F ran k

M il t o n

E.

San ds,

L.

W alton ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: FI. 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 d , 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.
Auditing Committee: C. F.

Stratto n ,

W . L.
B.

Stratto n ,

T .

W . E.

H o oper,

H u t c h in s ,

T h a yer, Sam u el

E. L.

G ru e by,

C. D .

R ic e .

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 30, 1915.
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
.
594 loans on real estate (average of each, $3,366.54) .
Less amount due on uncompleted loans .
.
.

.
.
.
.

.
.
.
.

.
.

.
.
.

.
.

.
.

.
.
.

.
.

.
.

.
.

.
.
.

.
.
.

.
.
.
.
.
$2,002,523 33
2,800 00

27 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $40,000; assessed value, $31,400)
Real estate b y foreclosure, etc. (assessed value, $16,800) .
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

$249,745
468,843
213,010
5,000
32,225
1,350
11,280

85
85
78
00
50
00
00

1,999,723
268,300
37,000
13,825
321
147
16,872
6,297

33
00
00
14
50
00
82
86

. $3,323,943 63

Liabilities.
Due depositors on 9,112 accounts, averaging $345.13 each
{Accounts opened during year, 1,064; closed, 973; increase, 91)
Surplus: —
a. Guaranty fund {3.64% of deposits; increase during year, $7,900)
b. Profit and loss {increase during year, $13,847.37) .
Current income: •—
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Unearned discount

.

.

.

.

.

.

.

.

Total Liabilities .

.

114,500 00
55,121 81
$12,485 79
3,483 09
-----------------

.

.

$3,144,825 99

.

.

.

9,002 70
493 13

$3,323,943 63

Total Expenses for the Year, including State Taxes.
State Tax (.Net). Salaries.
Rent.
Amount paid for
$5,069.10 $6,143.00
$2,000.00
Cost per $1,000 of assets
1.52
1.85
.60
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $151,689.82.


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

Advertising. Other Expenses. Total.
$314.72
$2,901.14 $16,427.96
.09
.87
4 .9 3
2 .8 1

BAN K COMMISSIONER.

No. 8.]

255

Kates on Investments and Loans (Average on All, 4.78%).
Real estate loans (average rate, 5.02 per cent.): 4J^%, $12,500; 5%, $1,892,933.33; 5}^% , $73,600; 6%,
$20,690.
Personal loans (average rate, 4.76 per cent.): 4% % , $15,000; 4V£%, $112,500; 4 % % , $90,000; 5%,
$24,500; 5M % . $10,000; 6%, $16,300.
Bonds, stocks, etc. (average rate on amounts invested, 4.27 per cent.): 3%, $16,000; 3)^% , $211,000;
4%, $420,250; 4J^%, $144,000; 5%, $183,500; 6%, $24,900; 7%, $2,000.
Number of loans not over $3,000 each, 329, amounting to $599,143.33.
56 real estate loans made during year, amounting to $227,500.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 11,985, amounting to
.

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

Number of withdrawals during year, 8,742, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$57,564 17
59,236 22
568,386 69

.

$685,187 08
553,880 55

.

$131,306 53

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$11,000 Boston 3J^s
10.000 Boston 4s
5.000 Brockton 4s
3.000 Cambridge 4s
5.000 Des Moines, la., 4s
5.000 Dubuque, la., 4s
6.000 Flint, Mich., 4)^s
1.000 Gloucester 4s
1.000 Holyoke 3p£s
2.000 Johnstown, Pa., 3J^s
3.000 Kansas City, Mo., 4s
6.000 Lynn 3JdjS
25.000 Los Angeles, Cal., 4}^s
2,750 Milwaukee, Wis., 4s
10.000 New Bedford 4s
1.000 New London, Ct., 3J^s
5.000 Oakland, Cal., 4J^s
5.000 Omaha, Neb., 4^s
10.000 San Francisco, Cal., 5s
25.000 Seattle, Wash., 4)^s
1.000 Somerville 4s
2.000 Springfield 4s
4.000 Wilkes-Barre, Pa., 3)^s
7.000 Andover 4s
2.000 Ipswich 4s
10.000 Lincoln 3J^s
10.000 Mansfield 4s
8.000 Milford 4s
8.000 Palmer 3J^s
20.000 Revere 4s
7,500 Br. & Tops., Me. (W. D.), 4s

Public Funds, Notes.
$10,000 Chicopee 4s
14.000 Greenfield 3^s
5.000 Whitman 4s

Railroad Bonds.

Par Value.
$15,000 Boston & Albany 5s
3.000 Boston & Lowell 3}^s
5.000 Boston & Lowell 4s
1.000 Boston & Maine 3)^s
29.000 Boston & Maine 4s
10.000 Boston & Maine 4)^s
1.000 Bridgeton & Saco R. 4s
20,800 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 4J^s
10.000 Chic., Mil. & St. Paul 5s
2.000 Chic & Northw. 5s
20.000 Chic., R. I. & Pac. 4s
10.000 Cleveland & Pitts. 3}4s
6.000 Concord & Montreal 4s
4.000 Connecticut River 3J^s
1.000 Connecticut River 4s
5.000 Dexter & Piscataquis 4s
5.000 Erie & Pittsburgh 3j4ls
20.000 Fitchburg 3J^s
33.000 Fitchburg 4s
3.000 Fitchburg 4J^s
16.000 Illinois Central 3s
34.000 Illinois Central 3)^s
1.000 Iowa, Minn., & Northw. 3Jf>s
5.000 Louisville & Nashville 4s
10.000 Me. Cent. & E. & N. A. 4s
20.000 Michigan Central 4s
15.000 N. Y. C. & H. R. 4s
40.000 N. Y., N. H. & H. 3^s
11.000 N. Y „ N. H. & H. 4s
3.000 Old Colony 4s
9.000 Portland & Ogdens. 4J^s
2,600 Republican Valley 6s
2.000 Tarkio Valley 7s
10.000 Upper Coos 4s
5.000 Upper Coos 4F£s
6.000 Washington Co. 3J^s

$35,000 Atchison, Top. & San. F6 4s
5.000 Boston & Albany 3)4s
D ates

of

E x a m in a t io n ,


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

March 31, April 1.

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 5s
4.000 Boston, Milton & Brock, os
15.000 Boston & Northern 4s
1.000 Brockton 5s
11.000 Brock., Bridg. & Taunton 5s
4.000 Brockton & E. Bridgew. 5s
11.000 Citizens Electric 5s
2.000 E. Middlesex 4s
1.000 Fitch. & Leominster 5s
18.000 George., Row. & Ips. 5s
1.000 Glouc., Essex & Beverly 5s
1.000 Leomin., Shirley & Ayer 5s
12.000 Lowell, Law. & Haver. 5s
14.000 Lynn & Boston 5s
1.000 Marlboro’ & Westboro’ 5s
3.000 Mil., Holliston & Fram. 5s
7.000 Milford & Uxbridge 5s
2,500 Mystic Valley 5s
10.000 Old Colony 4s
1.000 Peoples 5s
5.000 Providence & Taunton 5s
5.000 South Shore & Boston 5s
5.000 Springfield & Eastern 5s
4.000 Taunton & Brockton 5s
5.000 Uxbridge & Blackstone os
23.000 West End 4s
20.000 West End 4J^s
7.000 West End 5s
1.000 Western Mass. 5s
1.000 Wore. & Clinton 5s
7.000 Wore. Consolidated 4Ks
1.000 Wore. Consolidated 5s
4.000 Wore. & Southbridge 4}dis

Bank Stocks.
Shs.
15 First Nl. Bk., Marlborough

[Pub. Doc,

REPO RT OF THE

256

NORTH BROOKFIELD SAVINGS BANK, NORTH BROOKFIELD.
SUMMER STREET.

Incorporated February 28, 1854.

Number of corporators, 37; number of trustees, 14.

G e o r g e R . H a m a n t , President.
A r t h u r C . B l is s , Treasurer.
M a u r ic e A . L o n g l e y , Clerk of the Corporation.

Board o f 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 is s , B . A. B u s h ,
S. A. C l a r k , G. R . D o a n e , W . F . F u l l a m , G. R . H a m a n t , S u m n e r H o l m e s , M . A. L o n g l e y ,
H . T . M a y n a r d , T. G. R ic h a r d s , A. G. S t o n e .

Board of Investment: G. R . H a m a n t , S u m n e r H o l m e s , G. R. D o a n e , H . T. M a y n a r d .

Auditing Committee: T . G. R ic h a r d s , H. T. M a y n a r d , H. P. B a r t l e t t .

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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
Railroad bonds and notes
.
.
.
.
Street railway bonds
.
.
.
.
.
American Tel. & Tel. Co. bonds
Stocks of banks and trust companies
273 loans on real estate (average of each, $1,717.12)
Less amount due on uncompleted loans .

00
00
00
75
00

468,775
300
4,000
4,215
5,344
2,154

52
00'
00
45
86
24

$470,075 52
1,300 00

1 loan on personal security .
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $10,000; assessed value, $10,000)
Real estate b y foreclosure, etc. (assessed value, $4,200)
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

$70,500
154,000
60,215
13,518
2,500

.

.

.

.

.

$735,533 82

Liabilities.
Due depositors on 2,100 accounts, averaging $333.03 each
(Accounts opened during year, 182; closed, 154; increase, 28)
Surplus: —
a. Guaranty fund (5.64% ° f deposits; increase during year, none)
b. Profit and loss (increase during year, $3,952)
Current income: —
Interest
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.


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

Total Liabilities .

.

$699,364 66

39,500 00
34,524 00
$13,085 01
939 85
--------- —

.

.

.

12,145 16

$785,533 82

No. 8.'

BANK COMMISSIONER.

257

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$977.87 $1,543.80
Cost per $1,000 of assets
1.24
1.96
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$40.10
$590.51
$3,152.28
.05
.75
4 .0 0
2 .76

Gross income received during the year, $37,940.16.

Rates on Investments and Loans (Average on All, 5.05%).
Real estate loans (average rate, 5.35 per cent.): 5%, $196,950; 5 K % . $213,875.52; 6%, $57,950.
Personal loans (average rate, 6 per cen t.): 6%, $300.
Bonds, stocks, etc. (average rate on amounts invested, 4.61 per cent.): 3 % % , $18,000; 4%, $109,500;
4 y2% , $40,000; 5%, $118,400; 6%, $10,000; 7%, $5,000; 8%, $1,800.

Number of loans not over $3,000 each, 215, amounting to $227,775.52.
34 real estate loans made during year, amounting to $87,300.

Dividends, Deposits and Withdrawals.
$14,797 27
15,037 71
83,571 27

Ordinary dividends declared during year: Jan., 1915, 2 }4%
July, 1915, 2\i%
Number of deposits during year, 1,376, amounting to

Number of withdrawals during year, 1,623, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$113,406 25
91,611 01

.

$21,795 24

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$18,000 Dayton, 0., 5s
10.000 San Francisco, Cal., 5s
10.000 North Brookfield 4s
10,500 Plainville 4s
4,000 Stamford, Ct., 4s

Public Funds, Notes.
$18,000 North Brookfield

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
10.000 Louisville & Nashville 6s
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. 4Hs
12.000 Rome, Water. & Ogdens. 5s
10.000 Upper Coos 4p£s

D a t e of E x a m in a t io n , July 16.


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

Street Railway Bonds.
Par Value.
$20,000 Boston Elevated 4)-^s
10.000 Boston & Northern 4s
6.000 Lowell, Law. & Hav. 5s
10.000 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.
4 Ware Nl. Bank

258

REPO RT OF THE

[Pub. Doc.

NORTH EASTON SAVINGS BANK, NORTH EASTON.
MAIN STREET.
Incorporated February 8, 1864.

Number of corporators, 25; number of trustees, 14.

W il l ia m H . A m e s , President.
C h e s t e b R . F i e l d , Treasurer.
L o b e n zo B . C b o c k e t t , Clerk of the Corporation.

Board o f Trustees: F. L. A m e s , H obabt A m e s , J. S. A m e s , O a k e s A m e s , W . H. A m e s , D. F. B uck­
l e y , L. B. C b o c k e t t , C . R . F i e l d , J. R . F i e l d , H . W . F b e n c h , W . K . G o w a b d , J. B. K in g ,
G. E. S h e p a b d , J. M . W il l ia m s .
Board of Investment: W . H. A m e s , F. L. A m e s , H . W . F b e n c h , W . K . G o w a b d , G. E. S h e p a b d .
Auditing Committee: F . L . A m e s , J. M . W il l ia m s , D . F . B u c k l e y .
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 30, 1915.
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
.
365 loans on real estate (average o f each, $2,644-47) .
Less amount due on uncompleted loans .
.
.

.

.

.

.
.
.
.

.
.
.
.

.
.
.

.

.
.

.

.
.

.
.
.
. . .
.
.

.
.

.
.
.

.
.
.
.

$50,000
362,386
250,535
5,000
43,173
14,760
16,712

00
81
11
00
61
00
50

.
.
.
.
$967,006 25
.
.
1,773 27
------------------------------------------ 965,232 98
53 loans on personal security
.
.
.
.
.
.
.
.
.
.
733,000 00
Bank building and fixtures (estimated value, $35,000; assessed value, $27,000)
.
.
25,217 38
Real estate b y foreclosure, etc. (assessed value, $13,825) .
.
.
.
.
.
20,907 61
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
147 95
Deposits in national banks or trust companies
.
.
.
.
.
.
.
65,951 30
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
3,313 36
.

.

Total Assets

.

.

.
.

.

.

.

.

. $2,556,333 61

Liabilities.
Due depositors on 4,453 accounts, averaging $537.52 each
(Accounts opened during year, 298; closed, 331; decrease, 33)
Surplus: —
o. Guaranty fund (4-98% of deposits; increase during year, $529.35)
h. Profit and loss (increase during year, $20,945.22) .
Current income: —
Interest
.
.
.
.
.
.
Less current expenses not charged off
.
.
$299 33
Less bank building expense account
.
.
621 53


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

.

$2,393,596 14

119,017 10
41,107 63
$3,538 60
920 86
2,617 74

Total Liabilities .

. $2,556,338 61

259

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Am ount paid for
$6,320.73 $3,375.00
$575.00
C ost per $1,000 of assets
2 .4 7
1.32
.22
C ost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$463.14 $10,733.87
.18
4 .1 9
1.50

Gross income received during the year, $119,247.15.

Bates on Investments and Loans (Average on All, 4.84%).
Real estate loans (average rate, 5.24 per cen t.): 5%, $608,201.73; 5}^% , $237,761.25; 6%, $119,270.
Personal loans (average rate, 4.91 per cent.); 4J^%, $241,500; 4 % % , $157,500; 5%, $214,000; 5 % % ,
$55,000; 6%, $65,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.25 per cent.): 3%, $25,000; 3)^% , $113,000;
4%, $410,000; 4J^%, $120,000; 5%, $89,000; 8%, $7,500.
Number of loans not over $3,000 each, 256, amounting to $394,828.25.
12 real estate loans made during year, amounting to $27,100.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 2,003, amounting to
.

.

Number of withdrawals during year, 2,874, amounting to
N et increase in amount due depositors

.

.

.

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

.
.

.
.

.

.

.

.

$46,375 73
46,571 76
220,666 02

.

$313,613 51
291,095 81

.

$22,517 70

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 (Vil. Dist.), 4s

Railroad Bonds.
$35,000 Boston & Albany 4s
8.000 Boston & Lowell 3Hs
20.000 Boston & Maine 3J^s
35.000 Boston & Maine 4J^s
35.000 G , B. & Q. 3^s
25.000 Chicago & Northw. 4s

Par Value.
$20,000 Concord & Montreal 4s
5.000 Dexter & Piscataquis 4s
10.000 Fitchburg 3J^s
20.000 Fitchburg 4s
10.000 Fitchburg 4Ms
25.000 Illinois Central 3s
15.000 Illinois Central 3)^s
10.000 Illinois Central 4s
20.000 N. Y., N. H. & H. 3V2a
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

D a t e s of E x a m in a t io n , April 22-26 inclusive.


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

Street Railway Bonds.
Par Value.
$75,000 Boston Elevated 4J^s
10.000 Boston Elevated 5s
88.000 Boston & Northern 4s
5,000 East Middlesex 4s
25.000 Old Colony 4s
25.000 West End 4s
35.000 West End 5s

Bank Stocks.
Shs.
75 Nl. Shawmut Bk., Boston
38 Bristol Co. Nl. Bk., Taunton

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 il l ia m G. S h il l a b e r , President.
F r a n k E . B u x t o n , Treasurer.
E d w in A . B a y l e t , Clerk o f the Corporation.

Board of Trustees: E. A. B a y l e y , C. G. B u r g e s s , J. T. B u r n e t t , F. E. B u x t o n , C. E. N o y e s , I.
E. N o y e s , W . F. R o b in s o n , C. P. S h il l a b e r , W . G. S h il l a b e r , S. F. S q u ir e s , F. H . V i a u x ,
M . P. W h i t e , A . M . W ig g in , C. E . W ig g in .

Board o f Investment: W . G. S h il l a b e r , C. E . W

ig g in ,

C. E . N o y e s , J. T . B u r n e t t , S. F . S q u ir e s .

Auditing Committee: C. G. B u r g e s s , J. T . B u r n e t t , A . M . W

ig g 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 2 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
.
.
.
.
.
.
Street railway bonds .
. . .
Boston Terminal Co. bonds .
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
582 loans on real estate {average o f each, $5,484.76) .
.
.
.
59
loans on personal security
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $72,300) .
.
.
Deposits in national banks or trust companies
.
.
.
.
Cash and cash items
.
.
.

.

.

.
.

.
.

$106,367
824,187
92,220
215,475
91,620
3,192,132
1,757,216
47,659
337,154
5,574

50
50
00
50
00
80
69
93
57
47

Total A s s e t s .......................................$6,669,608 96

Liabilities.
Due depositors on 13,230 accounts, averaging $467.33 each
.
.
.
.
.
( Accounts opened during year, 1,314; closed, 1,281; decrease, 67)
Surplus: —
a. Guaranty fund (4-46% o f deposits; increase during year, $16,000) .
.
.
b. Profit and loss (decrease during year, $9,856.62) .
.
.
.
.
.
Current incom e: —
I n t e r e s t ............................................................................................... $44,270 82
Less current expenses not charged off
.
.
.
.
7,048 86
-----------------------


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

Total Liabilities .

$6,182,744 09

276,000 00
173^642 91

37,221 96

. $6,669,608 96

261

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$12,466.92 $14,521.99
$5,500.00
C ost per $1,000 of assets
1.87
2 .1 8
.82
C ost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$112.10
$3,498.68
$36,099.69
.02
.52
5.41
2 .7 2

Gross income received during the year, $303,166.26.

Rates on Investments and Loans (Average on All, 4.63%).
Real estate loans (average rate, 4.89 per cent.): 4%, $67,000; 4Mt%> $206,500; 4Mi%, $405,032.80; 5%,
$2,413,000 ; 5J^%, $55,350; 6%, $45,250.
Personal loans (average rate, 4.64 per cent.): 4%, $875; 4 % , $130,000; 4J^%, $1,012,750; 4 % % ,
$225,000; 5%, $336,100; 5J^%, $50,241.69; 6%, $2,250.
Bonds, stocks, etc. (average rate on amounts invested, 4.01 per cent.): 3%, $25,000; 3Mi%, $10,000;
3}4% , $565,000; 4%, $595,000; 4 H % , $50,000; 5%, $100,000; 7%, $20,000.

Number of loans not over $3,000 each, 336, amounting to $567,445.
65 real estate loans made during year, amounting to $345,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
.
.
.
.
.
July, 1 9 1 5 , 2 % ...........................................
Number of deposits during year, 13,159, amounting to
.
.
.
.
.

Number of withdrawals during year, 11,117, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

$116,731 89
117,948 13
972,812 22

.

$1,207,492 24
1,066,148 10

.

$141,344 14

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$50,000 Boston
25.000 Worcester 4s
10.000 Mansfield (W. D.), 4s

Public Funds, Notes.
$10,000 Southborough 3J^s
10,000 Southborough V/2s

Railroad Bonds.
Par Value.
$50,000 Atch., Top. & Santa F5 4s
25.000 Boston & Maine 3Hs
75.000 C„ B. & Q. 3^s
50.000 Chic., Mil. & St. Paul 4Mis
25.000 Concord & Montreal 4s
25.000 Erie & Pittsburgh 3J^s
145,000 Pitchburg 4s
25.000 Illinois Central 3s
75.000 Illinois Central 3J^s
50.000 Michigan Central 3Mis
50.000 Minn., St. P. & Sit. St. M. 5s

D a t e s o f E x a m in a t io n , M ay 13, 14.


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

$50,000 N. Y. C. & H. R. 4s
50.000 N. Y „ N. H. & H. 3V2s
25.000 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 Elevated 5s
50,000 Boston & Northern 4s

262

[Pub. Doc.

REPORT OF THE

NORTH MIDDLESEX SAVINGS BANK, AYER.
MAIN STREET.
Incorporated March 5, 1885.

Number of corporators, 34; number of trustees, 19.

D a n ie l W . F l e t c h e b , President.
S a b a h T . T u t e n , Treasurer.
E d w a b d A . R ic h a b d s o n , Clerk o f the Corporation.

Board o f Trustees: W . H . A n n is , E u g e n e B a b e t , G. H. B i x b t , D . W . F l e t c h e b , H o w a e d F u l l e b ,
T . L. H a z e n , D . G. H o u g h t o n , H . E . M e a d , F . A . P a t c h , O. K . P ie b c e , E . A . R ic h a b d s o n ,
W . U . S h e b w in , W a ld o S p a u l d in g , E . D. S t o n e , B e n ja m in T a f t , P e t e b T a b b e l l , H . B. W h i t e ,
F b e d e e ic k W h it n e y , C. F . W o b c e s t e b .
Board of Investment: D . W . F l e t c h e b , F. A. P a t c h , H . B. W h i t e , O. K . P ie b c e , P e t e b T a b b e l l .
Auditing Committee: W . U . Sh e b w i n , H o w a b d F u l l e b , E . A . R ic h a b d s o n .
Deposits draw interest from first day of January, April, July and October; dividends are payable
January 5 and July 5. Business hours: 9 to 1 1 a .m .; 12.30 to 3 p .m .; Saturdays, 8 a .m . to^l p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
.
384 loans on real estate {average o f each, SI,555.53) .
.
.
.
.
.
51 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $36,600; assessed value, $29,800)
Real estate by foreclosure, etc. (assessed value, SI 7,675) .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.

.

.
.
.•

.
.
.

.
.

.
.
.
.
.

$222,900 00
229,450 00
74,275 00
50,000 00
23,250 00
18,288 89
8,000 00
597,325 56
216,532 25
35,000 00
14,450 99
54 54
1,187 50
37,535 60
918 72

Total A s s e t s ....................................... $1,529,169 05
Liabilities.
Due depositors on 4,890 accounts, averaging $293.10 each
(Accounts opened during year, 506; closed, S90; increase, 116)
Surplus: —
o. Guaranty fund (4-07% of deposits; increase during year, $3,600)
b. Profit and loss (decrease during year, $1,152.61)
Current income: —
a. Interest .
.
.
.
.
.
.
$13,610 03
b. R e n t ...............................................................
427 07

.

$1,433,256 94

58,300 00
25,915 75

$14,037 10
Less current expenses not charged off
.
.
Less State or local taxes not charged off .
.
Less foreclosure income account not charged off

$1,589 29
581 10
190 35
2,360 74
--------------


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

11,676 36

20 00

Unearned discount

Total Liabilities .

. $1,529,169 05

263

BANK COMMISSIONER,

No.

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net).
Amount paid for
$2,922.89 $3,698.66
$500.00
Cost per $1,000 of assets
1.91
2 .4 2
.33
Cost per $1,000 of assets not including State tax and rent .

Advertising.

Other Expenses. Total.
$978.92
$8,100.47
.64
5 .3 0
3.06

Gross income received during the year, $69,052.42.

Rates on Investments and Loans (Average on All, 4.61%).
Real estate loans (average rate, 5.09 per cent.): 4%, $3,818; 4J^%, $13,700; 5%, $507,699.56; 5J^%,
$9,966; 6%, $62,142.
Personal loans (average rate, 5.18 per cent.): 4J^%, $10,000; 4 % % , $20,000; 5%, $123,831; 5J^%,
$27,825; 6%, $34,876.25.
Bonds, stocks, etc. (average rate on amounts invested, 3.96 per cent.): 3%, $10,000; 3J^%, $227,900;
3Jfj%, $6,000; 4%, $270,000; 4M % , $25,000; 4)^% , 345,000; 5%, $28,000; 6%, $500 ; 8%, $6,500;
10%, $5,000.
•
Number of loans not over $3,000 each, 382, amounting to $451,489.81.
40 real estate loans made during year, amounting to $42,490.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 3,601, amounting to

$26,490 29
26,776 70
218,866 47

Number of withdrawals during year, 3,212, amounting to

$272,133 46
220,945 85

N et increase in amount due depositors

$51,187 61

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$5,000 Massachusetts 3)^s
32.000 Boston 3)^s
25.000 Boston 4]4s
1.000 Fitchburg 4s
5.000 Marlborough 4s
5.000 Spokane, Wash., 4Hs
15.000 Springfield 3)^s
9.000 Mansfield (W. S. D.), 4s

Public Funds, Notes.
$10,000 Acton 4s
23.000 Ayer 4s
6.000 Groton 3%s
11.000 Groton 4s
7.000 Littleton 4s
30.000 Pepperell 4s
3,500 Shirley 3Hs
35,400 Shirley (Vil. W. D.), 3Jd>s

Railroad Bonds.
Par Value.
$10,000 Bangor & Aroostook 5s
10.000 Boston & Albany 3J^s
5.000 Boston & Lowell 4s
5.000 Boston & Maine 4s
15.000 Boston & Maine 4}^s
5.000 B., Revere B. & Lynn
12.000 C., B. & Q. 3^s
20.000 C., B. & Q. 4s
15.000 Cleve. & Pittsburgh 33d>s
5.000 Connecticut River 3Yfi
15.000 Fitchburg 3J^s
18.000 Fitchburg 4s
10.000 Illinois Central 3s
10.000 Illinois Central 314a
5.000 Illinois Central 4s
10.000 Mil., L. S. & W. 5s
10.000 N. Y. C. & H. R. 3^s
5.000 N. Y., N. H. & H. 3Hs
30.000 N. Y., N. H. & H. 4s

D a t e s o f E x a m in a t io n , April 28, 29.


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

Par Value.
$6,000 Old Colony 4s
5.000 Sioux City and Pacific 3)^s
5.000 Wore, Nash, and Roch. 4s

Street Railway Bonds.
$30,000 Boston Elevated 4s
15.000 Boston Elevated 4J^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

264

REPO RT OF THE

[Pub. Doc.

ORANGE SAVINGS BANK, ORANGE.
11
Incorporated March 31, 1871.

WEST MAIN STREET.
Number of corporators, 26; number of trustees, 11.

A d e i .b e e t W . B a l l o u , President.
G e o r g e W . A n d r e w s , Treasurer.
T . W e s l e y B r id g e , Clerk of the Corporation.

Board of Trustees: G. W . A n d r e w s , A . W . B a l l o u , T . W . B r id g e , E. M . B u e l l , H . S. D a w l e y ,
F . A . D e x t e r , A . J. F i s h e r , H . C. G a t e s , C. E. G i b b s , A . L. J o h n s o n , F . D . K e l l o g g .
Board of Investment: A . W . B a l l o u , A. J. F i s h e r , E . M .

UELL.

Auditing Committee: A . J. F i s h e r , F . D . K e l l o g g , H . C . G a t e s .
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 3 p . m .; Saturdays, 9 a . m . to 12.30 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
346 loans on real estate (average of each, $4,179.SO) .
Less amount due on uncompleted loans .
.
.

.
.

.
.

.
.

.
.

.
.
.
.

.
.
.
.

.

.
.

.
.

.
.
.

.

.
.
.
.
.
.

.

.
.
.

.
$1,448,838 00
2,800 00

61
loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $20,000; assessed value, $10,200)
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.

Total Assets

$257,062
489,836
58,637
10,000
36,062
18,700
21,000

50
25
50
00
50
00
00

1,446,038
110,595
15,000
18,362
2,499

00
70
00
05
61

. $2,483,794 11

Liabilities.
Due depositors on 6,157 accounts, averaging $367.78 each
(Accounts opened during year, 423; closed, 424; decrease, 1)
Surplus: —
a. Guaranty fund (5.03% of deposits; increase during year, none)
b. Profit and loss (increase during year, S13,047.02) . • .
Current income: —
a. Interest .
.
.
.
.
.
.
$22,541 74
b. Rent
.
.
.
.
.
.
.
414 27

Total Liabilities .

$2,264,481 07

114,014 00
83,776 20

$22,956 01
1,433 17
-----------------

Less current expenses not charged off


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

.

21,522 84

. $2,483,794 11

No. 8.

265

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$3,340.41
$4,554.96
$600.00
C ost per $1,000 of assets
1.35
1.83
.24
C ost per $1,000 of assets not including State tax and rent .

Advertising.
$78.63
.03

Other expenses.
Total.
$949.38
$9,523.38
.38
3.83
2 .2 4

C ross income received during the year, $113,480.06.

Rates on Investments and Loans (Average on All, 4.71%).
Real estate loans (average rate, 5 per cen t.): 4 $ 3 8 , 7 0 0 ; 5%, $1,379,695; 5J^%, $7,800 ; 6%, $19,843.
Personal loans (average rate, 5.13 per cent.): 4J^%, $23,000; 5%, $56,955; 5)^% , $9,830.70; 6%,
$20,810.
Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3J^%, $223,000; 4%, $450,200;
4 H % . $101,350 ; 4M % , $2,000; 5%, $113,300; 8%, $1,800; 10%, $11,600.
Number of loans not over $3,000 each, 309, amounting to $306,563.
27 real estate loans made during year, amounting to $47,675.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1915, 2%
Aug., 1915, 2%
Number of deposits during year, 3,540, amounting to

.

$43,920 36
43,816 62
234,564 80

.

$322,301 78
302,822 57

Num ber of withdrawals during year, 4,455, amounting to
Net increase in amount due depositors

$19,479 21

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Baltimore, Md., 4s
35.000 Boston 4s
30.000 Chicago, 111., 4s
5.000 Dayton, O., 5s
2.000 Fall River 4)4>s
5.000 Kansas City, Mo., 4}^s
10.000 La Cross, Wis., 4s
5.000 Lawrence 4s
10.000 Lynn 3J^s
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., 4j4>s
10.000 Superior, Wis., 4)^s
5.000 Waterville, Me., 4s
5.000 Woonsocket, R. I., 4s
1.000 Dedham 3J^s
3.000 Plainfield, Ct., 4s
6.000 Southborough 4s
8.000 Westfield 3Lis
12.000 Shelburne Falls (F. D.), 4s
5.000 W. & S. Acton (W. D.), 4s

Public Funds, Notes.
Par Value.
$2,000 Erving 4s
8,350 Erving 4Ms
3,200 Orange 4s
14,500 Orange 4Ms
2.000 Orange 4Ms
1,500 Prescott
1.000 Stoneham 4s
5.000 Warwick 4Jis

Railroad Bonds.
$22,000 Bangor & Aroostook 5s
10.000 Boston & Albany 4s
10.000 Boston & Lowell 43
20.000 Boston & Maine 3Ms
15.000 Boston & Maine 4s
10.000 Boston & Maine 4Vis
10.000 Boston, R. B. & L. 4Hs
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 3Hs

D a t e s of E x a m in a t io n , August 5, 6.


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

Par Value.
$6,000 Minn., St. P. & Sit. Ste. M. 4s
54.000 N. Y., N. H. & H. 3^s
30.000 N. Y., N. H. & H. 4s
35.000 No. Maine Seaport 5s '
17.000 Old Colony 4s
14.000 Washington Co. 3)^s

Street Railway Bonds.
$20,000 Boston Elevated 4t}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 4)/£s

Bank Stocks.
Shs.
6 Millers River Nl. Bk., Athol
20 First Ward Nl. Bk., Boston
10 Metropolitan Trust Co., Boston
8 Webster & Atlas Nl. Bk., Boston
43 Franklin Co. Tr. Co., Greenfield
100 Orange Nl. Bk.
1 10 Third Nl. Bk., Springfield

266

REPO RT OF THE

[Pub. Doc.

PALMER SAVINGS BANK, PALMER.
435 MAIN STREET.
Incorporated M arch 4, 1870.

Number of corporators, 46; number of trustees, 17.

R o sciu s C. N e w e l l , President.

C h a r l e s L. W a id , Treasurer.
C h a r l e s A . T a b o r , Clerk o f the Corporation.

Board of Trustees: H . E. W . C l a r k , M . J. D il l o n , J. F. F o l e y , C . E. F u l l e r , F. J. H a m il t o n , J.
O. H a m il t o n , E. E. H o b so n , G . S. H o l d e n , L . R . H o l d e n , C . A. L e G r o , G . D . M o o e r s , R . C .
N e w e l l , C . F . S m it h , W . E. S t o n e , C . A . T a b o r , E. B. T a y l o r , C. L . W a id .
Board of Investment: W . E . S t o n e , H . E . W . C l a r k , C. F. S m it h , E . E . H o b so n , R . C. N e w e l l .
Auditing Committee: W . E. S t o n e , E . B. T a y l o r , C. A. L e G r o .
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 Fridays,
7.30 to 9 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Stocks of banks and trust companies
.
.
.
706 loans on real estate (average o f each, S3,808.IS) .
Less amount due on uncompleted loans .
.
.

.
.
.

.
.
.

.
.

.
.
.

.
.
.
.
.
.
.
.
$1,988,881 00
.
.
.
6,339 40
----------------------69 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, 855,800; assessed value, $4-6,380)
.
.
Real estate by foreclosure, etc. (assessed value, $3,500)
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.

.

.

.

.

.

.

.

.

.

$230,500
543,075
39,175
45,300
10,900

00
00
00
00
00

1,982,541 60
181,218 00
50,800 00
4,621 67
134,701 00
10,432 41

Total A s s e t s .......................................$3,233,264 68

Liabilities.
Due depositors on 7,234 accounts, averaging $415.62 each
(Accounts opened during year, 981; closed, 946; increase, 85)
Surplus: —
a. Guaranty fund (4-07% of deposits; increase during year, $1,095.34) •
b. Profit and loss (increase during year, $15,035.88) .
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$12,437 88
b. R e n t ................................................................
1,258 73
----------------------$13,696 61
Less current expenses not charged off
.
.
.
.
2,962 06

149,677 73
66,088 20

10,734 55
137 86

Suspense account


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

$3,006,626 34

Total Liabilities .

. $3,233,264 68

267

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Amount paid for
$4,316.21
$7,100.00
$600.00
Cost per $1,000 of assets
1.33
2 .1 9
.18
Cost per $1,000 of assets not including State tax and rent .

Advertising.
$449.20
.14

Other Expenses. Total.
$2,338.02 $14,803.43
.72
4 .5 6
3 .05

Gross income received during the year, $150,395.26.

Rates on Investments and Loans (Average on All, 4.88%).
Real estate loans (average rate, 5.01 per cent.): 5%, $1,947,584.60; 5 ^ % , $12,164; 6%, $22,593; 6J^%,
$ 200.
Personal loans (average rate, 4.84 per cent.): 4%%> $25,000; 4 }4% , $75,000; 5%, $62,464; 5}4% i
$7,054; 6%, $11,700
Bonds, stocks, etc. (average rate on amounts invested, 4.57 per cent.): 3%, $35,000; 3 H % . $25,000; 4% ,
$369,000; 4J£%, $131,500; 5%, $245,000; 6%, $51,100; 7%, $15,000; 8%, $9,800.

Number of loans not over $3,000 each, 588, amounting to $733,359.10.
54 real estate loans made during year, amounting to $109,050.

Dividends, Deposits and Withdrawals.
$57,746 94
57,619 75
471,985 53

Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number of deposits during year, 7,410, amounting to

Number of withdrawals during year, 5,323, amounting to

.

.

.

.

.

$587,352 22
543,715 27
$43,636 95

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Boston 4s
30.000 Chelsea 4s
20.000 Chicago, 111., 4s
10.000 Cleveland, Ohio, 4J^s
10.000 Dayton, 0., 5s
15.000 Dubuque, la., 4s
16.000 Everett 4s
18.000 Milwaukee, Wis., 4s
12.000 Milwaukee, Wis., 4)^s
10.000 Omaha, Neb., 4J^s
14.000 Quincy 4s
10.000 San Francisco, Cal., 5s
20.000 Springfield, Mo., 5s .
5.000 Springfield, 0., 5s
10.000 Waterbury, Ct., 4s
1.000 Monson 4s

Public Funds, Notes.
$4,500 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 4L6s
15.000 Cedar Rapids & Mo. R. 7s
45.000 C., B. & Q. 4s
35.000 Chic., Mil. & St. Paul 5s
10.000 Chic., Mil. & St. Paul 6s
10.000 Chic., St. P., Minn. & O. 6s
10.000 Concord & Montreal 4s
20.000 Fitchburg 5s
35.000 Illinois Central 3s
25.000 Illinois Central 3)4>s
50.000 Illinois Central.4s
15.000 Ind., Illinois & Iowa 4s
35.000 Louisville & Nashville 5s
26.000 Mich. Central-Det. &B. City 5s
15.000 Mil., L. S. & Western 5s
18.000 Montana Central 5s
5,000 N. Y., Lackawanna & W. 6s
10.000 N. Y „ N. H. & H. 4s
15.000 N. Y. C. & H. R. 4)^s

D a t e s of E x a m in a t io n a n d A u d it , December 6-11 inclusive.


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

Par Value.
$10,000 No. Maine Seaport 5s
10.000 Pennsylvania 4)4>s
25.000 Portland & Ogdens. 4V£s
21.000 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 4}^s

Street Railway Bonds.
$10,000 Boston Elevated 43^s
10.000 Boston Elevated 5s
10.000 Boston & Northern 4s
10.000 West End 5s

Bank Stocks.
Shs.
11 Monson Nl. Bk.
98 Palmer Nl. Bk.

268

REPO RT OF THE

[Pub. Doc.

PENTUCKET SAVINGS BANK, HAVERHILL.
42
Incorporated March 17, 1891.
J o sep h W . V it t u m , President.

WASHINGTON STREET.
Num ber of corporators, 32; number of trustees, 15.

H e n r y B. G e o r g e , Treasurer.
H . I v a n H a l l , Clerk o f the Corporation.

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. C o g s w e l l , J. I . C u r t is , G. W . D o b b in s ,
A. F. D u r g in , D . G. F o x , J. W . H a r r is , D . C. H u n t , N. C. J o h n s o n , J. F. N ic h o l s , F. W .
P e a b o d y , J. H . S a y w a r d , I. F. S l e e p e r , J. W . V it t u m .
Board of Investment: J. W . V it t u m , G. H . C a r l e t o n , G. F. C a r l e t o n , J. W . H a r r is , D . C . H u n t .
Auditing Committee: I. F . S l e e p e r , D . C . H u n t , W . G . C o g s w e l l .
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 30, 1915.
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
.
.
.
391 loans on real estate {average of each, $3,540.98) .
Less amount due on uncompleted loans .
.
.

.
.

.
.
.

.
.

.
.
.
.

.

.
.

.
.

.
.
.
.
.
.
.
.
.
$1,385,705 89
.
.
1,200 00
----------------------36 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $25,000; assessed value, $26,700)
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
C a s h ......................................................................................................................................... ..........
.
.
.
.
.

.

.
.

.
.
.

.

.
.
.

$83,428
203,786
42,850
10,000
31,212
9,300

70
91
00
00
50
00

1,384,505
336,125
25,000
51,412
1,385

89
00
00
83
57

Total A s s e t s .......................................$2,179,007 40

Liabilities.
Due depositors on 4,437 accounts, averaging $464.53 each
( Accounts opened during year, 503; closed, 516; decrease, 13)
Surplus: —o. Guaranty fund (2.92% o f deposits; increase during year, $5,008)
b. Profit and loss (increase during year, $7,446-14)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.


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

Total Liabilities .

.

$2,061,127 18
60,227 55
53,757 95

$5,255 99
1,361 27
----------------

3,894 72

. $2,179,007 40

No. 8.]

BANK COMMISSIONER.

269

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
Amount paid for
$3,039.57 $4,391.69
$1,000.00
$45.57
$1,257.20
$9,734.03
Cost per $1,000 of assets
1.39
2.01
.46
.02
.58
4 .46
Cost per $1,000 of assets not including State tax and rent .
..........................................
2 .6 1
Gross income received during the year, $103,937.71.

Rates on Investments and Loans (Average on All, 4.97%).
Real estate loans (average rate, 5.20 per cen t.): 4.14%, $3,000; 4 % % , $32,500; 5%, $1,033,230.89; 514%,
$42,100; 6%, $273,675.
Personal loans (average rate, 4.89 per cent.): 4%, $10,000 ; 4 } 4 % , $129,000; 5%, $140,000; 5 ]4 % ,
$30,000; 6%, $2,125; 6M % . $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cen t.): 3%, $10,000; 3\4%, $90,000; 4 % ,
$236,625; 4Y%%, $24,000; 4M % , $5,000; 5%, $20,000; 8%, $9,300.
Number of loans not over $3,000 each, 286, amounting to $461,209.
58 real estate loans made during year, amounting to $194,405.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1915, 2%
Aug., 1915, 2 %
Number of deposits during year, 4,515, amounting to

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

Number of withdrawals during year, 4,023, amounting to

.

Net increase in amount due depositors

.

.

.

.

.
.

.

.

.

.

$37,884 52
38,441 19
357,111 42

.

$433,437 13
328,047 22

.

$105,389 91

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Hampden Co. 4s
22.000 Boston 4s
5,400 Dubuque, la., 4s
9.000 Lawrence 4s
5.000 Minneapolis, Minn., 4%s
3.000 Saginaw, Mich., 4s
15.000 San Francisco, Cal., 5s
3.000 Stoughton 4s
1,500 Wellesley 4s

Public Funds, Notes.
$9,000 Norwood 4s
725 Revere 4s

D a tes

o f

Railroad Bonds.
Par Value.
$4,500 Baltimore & Ohio 3J^s
5.000 Boston & Albany 3}4s
3.000 Boston & Albany 4s
4.000 Boston & Lowell 4s
5.000 Boston & Maine 3}4s
10.000 Boston & Maine 4s
4.000 Boston & Maine 4^3
38.000 C., B. & Q. 4s
5.000 Erie & Pittsburgh 3Ys
5.000 Fitchburg 3}4s
5.000 Fitchburg 4s
10.000 Illinois Central 3s
10,500 Illinois Central 3J^s
2.000 Illinois Central 4s
33.000 N. Y. C. & H. R. 4s
40.000 N. Y „ N. H. & H. 3^s
6.000 N. Y., N. H. & H. 4s

E x a m in a t io n , M ay 9, 10.


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

Par Value.
$10,000 Pennsylvania 4)^s
3.000 Upper Coos 4s
5.000 Washington Co. 3}4s
4.000 Wore., Nash. & R. 4s

Street Railway Bonds.
$20,000 Boston Elevated 4s
5.000 Boston Elevated 4J^s
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

REPO RT OF THE

270

[Pub. Doc.

PEOPLE’S SAVINGS BANK, BROCKTON.*
221 MAIN STREET.
Incorporated February 8, 1895.

H

ebman

Number of corporators, 49; number of trustees, 25.

S. I I e w e t t , Clerk o f the Corporation.

Board of Trustees: G. W . A l d e n , L. E. C h a m b e b l a i n , M . A . D a v i s , W . L. D o u g l a s , H e b v e y D u n ­
h a m , J. H . F i e l d , E. H . F l e t c h e b , R . C. F b a s e e , F . B . G a b d n e b , H . S. H e w e t t , E. B . K e i t h ,
J. S. K e n t , H . L. K i n 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 b d , D a v i d P e b k i n s , W i l 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 b n a b d S a x ­
t o n , G. H . S n o w , L o n W e s t o n .
Board o f Investment: W . L . D o u g l a s , E. M . L o w , F. B. G a b d n e b , F. P . R ic h m o n d , F . E . P a c k a b d .
Auditing Committee: F. B. G a b d n e b , E . B. K e i t h , H . L . K i n g m a n .
Deposits draw interest from the first day of March, June, September and December; dividends are
payable the fourth business day after the first of March 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 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds .
.
.
.
.
.
American Tel. & Tel. Co. bonds .
.
.
.
Securities acquired in settlement of indebtedness
.
657 loans on real estate (average of each, $4,508.04) .
Less amount due on uncompleted loans .
.
.

.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$2,961,147 49
.
.
.
2,650 00
----------------------44 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $80,000; assessed value, $58,450)
.
.
Real estate by foreclosure, etc. (assessed value, $ 4,900)
.....................................
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
Premium account
.
.
.
.
.
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.
.
.
.

.
.
.
.

.

.

.

.

.

$457,881
814,012
188,087
89,602
11,687

00
78
35
50
62

2,958,497 49
182,210 00
74,000 00

3,774 12
608
825
81,136
18,032

94
00
33
04

$4,880,355 17

Liabilities.
Due depositors on 23,446 accounts, averaging $201.09 each
.
Accounts opened during year, 4,4®?'1 closed, 4,130; increase, 288)
Surplus: —
a. Guaranty fund (2.97% of deposits; increase during year, $19,000)
.
.
.
b. Profit and loss (increase during year, $1,364.35)
.
.
.
.
.
.
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$11,523 56
Less current expenses not charged off
.
.
.
.
1,089 85
----------------------Unearned discount
.
.
.
.
.
.
.
.
.
.
.
.

Total Liabilities .

.

.

.

.

$4,714,749 15

140,000 00
15,102 17

10,433 71
70 14

$4,880,355 17

* Statements of Life Insurance Departments appear on pages immediately following page 393.


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

271

BANK COMMISSIONER

No. 8.]

Total Expenses for the Year, including State Taxer.
State Tax (Net). Salaries.
Rent.
A m ount paid for
$7,441.89 $9,182.12
■Cost per $1,000 of assets
1.52
1.88
Cost per $1,000 of assets not including State tax and rent .

Advertising.
$1,147.21
.23

Other Expenses.
Total.
$2,490.24 $20,261.46
.51
4 .1 4
2 .62

C ross income received during the year, $217,669.21.

Rates on Investments and Loans (Average on All, 4.73%).
Real estate loans (average rate, 5.01 per cent.): 4)%%, $366,500; 4 % % , $29,000; 5%, $2,217,855.50;
5 H % . $226,351.99; 6%, $118,790.
Personal loans (average rate, 5.43 per cent.): 5%, $91,000; 5)4% , $10,000; 5)4% , $10,700; 6%, $70,510.
Bonds, stocks, etc. (average rate on amounts invested, 4.10 per cent.): 3)4% , $411,000; 4%, $981,637.50;
4M % . $37,000; 4 )4 % . $115,137.50; 5%, $62,000; 5)4% , $10,000.
Number of loans not over $3,000 each, 438, amounting to $756,270.99.
67 real estate loans made during year, amounting to $237,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: March, 1915, 2%
Sept., 1915, 2%
Number of deposits during year, 47,352, amounting to

$86,274 26
86,811 39
1,221,454 93

N um ber of withdrawals during year, 30,556, amounting to

$1,394,540 58
1,289,366 79
$105,173 79

N et increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Par Value.
Par Value.
$5,000 Fitchburg 3Ks
$3,000 Athol 4s
43.000 Fitchburg 4s
2.000 Mansfield 4s
30.000 Illinois Central 3Hs
4.000 Medway 4s
5,000 Man., Gr B. & N. W. 3)£s
3.000 Methuen 4s
186,000 N. Y., N. H. & H. 3Hs
2,800 Plainville 4s
75.000 N. Y., N. H. & H. 4s
6.000 Saugus 4s
25.000 No. Maine Seaport 5s
1.000 Swampscott 4s
19.000 Peoria & N. W. '¿14s
1.000 Wakefield 3)4s
10.000 Portland Terminal Co. 4s
71,425 West Bridgewater 4s
10.000 Providence Terminal Co. 4s
5.000 Westwood 4s
10.000 Washington Co. 3)^s
10.000 Kennebec, Me. (W. D.), 3)^s

Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 3)4s
68.000 Boston 4s
20.000 Boston 4J4s
50.000 Brockton 3)4s
20.000 Brockton 4s
8.000 Brockton 4Ks
5,250 Brockton 4)4s
16.000 Fitchburg 4s
2.000 Indianapolis, Ind., 4s
40.000 Los Angeles, Cal., 4)4s
11,800 Lowell 4s
7.000 Lynn 4s
9.000 New Britain, Conn., 4%s
10.000 Oakland, Cal., 5)4s
10.000 Oshkosh, Wis., 4s
14,500 Portland, Ore., 6s
15.000 San Francisco, Cal., 5s
5.000 Seattle, Wash., 4)4s
5.000 Sioux City, la., 4)4s
15.000 Somerville 3)4s
9.000 Andover 4s

D ates

of

E x a m in a t io n


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

Railroad Bonds.
$10,000 Atch., Top. & Santa F6 4s
70.000 Baltimore & Ohio 3)£s
205,000 Boston & Maine 4s
25.000 Boston & Maine 4)£s
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

and

A u d it ,

November 17-24 inclusive.

Street Railway Bonds.
$45,000 Boston Elevated 4s
5,000 Boston Elevated 4)^s
75.000 Boston & Northern 4s
10.000 Boston & Revere 5s
5 000 Georgetown, Row. & Ips. 5s
10.000 Old Colony 4s
18.000 West End 4s
30.000 Worces. & Southbridge 4Hs

272

REPO RT OF THE

[Pub. Doc,

PEOPLES SAVINGS BANK, HOLYOKE.
365 HIGH STREET.

Incorporated M arch 19, 1885.

Jo h n E . C l a r k ,

Number of corporators, 45; number of trustees, 17.

President.

F . H . C h a m b e b l in ,
John H

il d e e t h ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: G . P. B. A l d e b m a n , O. D . A l l y n , T. S. C h i l d s , J. E . C l a e 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 i v a n , J. N. H u b b a r d , R . T . O a k e s , G. P. B. A l d e r m a n .

Auditing Committee: J. N. H u b b a r d , J. C . H u b b a r d , O. D . A l l y n .

Deposits draw interest from first day of February, M ay, August and N ovem ber; dividends are pay­
able the third Tuesday of M ay and Novem ber. 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 30, 1915.
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
438 loans on real estate (average of each, $6,603.19)
47 loans on personal security
.
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.

.

.
.

.

.
.

.
.

Total Assets

.
.

.
.

.

.

.

.

.

$386,925
419,962
71,725
75,000
67,529
75,787
1
2,892,199
365,255
190,286
6,242

.
.
.
.
.
.

.
.

.

.
.
.
.
.
.

.
.

.
.

.

.
.
.
.
.

.

.

34
50
25
00
00
00
00
41
00
54
41

$4,550,913 45

Liabilities.
Due depositors on 9,754 accounts, averaging S435.58 each
.
.
.
.
CAccounts opened during year, 1,664; closed, 1,225; increase, 439)
Surplus: —
a. Guaranty fund {2.94% o f deposits; increase during year, $15,000)
.
b. Profit and loss (increase during year, $15,384-46) .
.
.
.
.


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Federal Reserve Bank of St. Louis

Total Liabilities .

.

.

$4,248,589 84

.
.

125,000 00
177,323 61

. $4,550,913 45

No. 8.'

273

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
$1,333.32
Amount paid for
$4,793.99 $9,599.96
Cost per $1,000 of assets
1.05
2.11
.29
Cost per $1,000 of assets not including State tax and rent .

Total.
Advertising Other Expenses.
$151.74
$2,700.36 $18,579.37
.59
4.07
.03
2.73

Gross income received during the year, $207,383.66.

Rates on Investments and Loans (Average on All, 4.79%).
Real estate loans (average rate, 5.01 per cent.): 5%, $2,857,199.41; ö l//J
7c< $35,000.
Personal loans (average rate, 5.17 per cen t.): 5%, $293,125; 5)^% , $22,000; 6%, $50,130.
Bonds, stocks, etc. (average rate on amounts invested, 4.11 per cent.): 33^%, $180,000; 4%, $808,000;
43^%, $50,000; 5%, $1,250; 6%, $15,200; 7%, $24,300; 8%, $5,000; 10%, $11,000.

Number of loans not over $3,000 each, 276, amounting to $479,845.30.
25 real estate loans made during year, amounting to $114,800.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: N ov., 1914, 2%
,
M ay, 1915, 2%
Number of deposits during year, 14,938, amounting to

$76,363 08
78,028 17
921,58S 89

Number of withdrawals during year, 11,266, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

$1,075,980 14
879,706 07

.
.

.

$196,274 07

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$100,000 Massachusetts 4s
81.000 Fall River 4s
50.000 Hartford, Ct., 4J^s
25.000 Holyoke 4s
29.000 New Bedford 4s
50.000 Salem 4s
50.000 Worcester 4s
3,000 Van Buren, Me. (W. D.), 4s

Railroad Bonds.
$25,000 Boston & Albany 4s
100,000 Boston & Maine 4s

D

ates

of

E x a m in a t io n ,


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

Par Value.
$50,000 Delaware & Hudson Co. 4s
25.000 Fitchburg 3}^s
50.000 Fitchburg 4s
80.000 N. Y., N. H. & H. 3J^s
50.000 N. Y., N.H. & H. 4s
45.000 Old Colony 4s

Par Value.
$500 Holyoke 5s
10,000 West End 4s

Bank Stocks.

Shs.

Street Railway Bonds.
$15,000 Boston Elevated 4s
50,000 Boston & Northern 4s

July 1, 2.

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

REPO RT OF THE

274

[Pub. Doc.

PEOPLE’S SAVINGS BANK, WORCESTER.
450 MAIN STREET.
Incorporated M ay 13, 1864.
C h a r i .e s

Number of corporators, 136; number of trustees, 25.

M . B e n t , President.
G eorge

F r e d e r ic k W . W

h it e ,

Treasurer.

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 , I . E . C o m i n s , G e o r g e C r o m p t o n , A l e x ­
a n d e r DeWiTT, R . B. D o d g e , W . T. F o r b e s , G. A. G a s k i l l , A. W . G if f o r d , H. W . G o d d a r d ,
J. N. H e a l d , A. S. H e y w o o d , C. H. H u t c h i n s , W . H. I n m a n , W . W . J o h n s o n , E . W . K i n s l e y ,
C. F. M a r b l e , P. B. M o r g a n , G. A. S m i t h , C. M . T h a y e r , A l f r e d T h o m a s , M . J. W h i t t a l l ,
W il l ia m W o o d w a r d , A . O . Y o u n g .
Board of Investment: C. M . B e n t , W . W . J o h n s o n , H. W . G o d d a r d , G e o r g e C r o m p t o n , P. B. M

organ.

Auditing Committee: G . A . G a s k i l l , E . W . K i n s l e y , G . A . S m i t h .
Deposits draw interest from first day of February, M ay, August and November; dividends are pay­
able the second day of February and August. Business hours: 9 a . m . to 3 p . m .; Saturdays, 9 a .m .
to 1 p .m ., and 6 to 8 p .m . for deposits only.

STATEMENT OF CONDITION, OCTOBER 30, 1915.

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
1,905 loans on real estate (average of each, $4,213.45)
120 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
Suspense account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

$2,216,778
3,537,365
625,553
146,471
99,669
94,273
8,026,623
2,039,856
190,000
5,153
239
20
244,233
31,577

75
00
75
87
23
71
71
90
00
75
34
00
86
04

Total A s s e t s ...................................... $17,257,816 91

Liabilities.
Due depositors on 33,392 accounts, averaging $483.82 each
.
.
.
.
.
$16,155,862 34
{Accounts opened during year, 4 J 0 4 ; closed, 8,773; increase, 931)
Surplus: —
a. Guaranty fund {4.96% of deposits; increase during year, $14,350)
802,000 00
h. Profit and loss {increase during year, $53,823.99) .
.
.
.
.
.
156,143 76
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
$153,814 52
Less current expenses not charged off
.
.
$10,362 12
Less State or local taxes not charged off .
.
2,792 98
----------------------13,155 10
140,659 42
Unearned discount
3,151 39

Total Liabilities .

.

.

.

.

$17,257,816 91

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$32,074.93 $25,203.26 $4,500.00 $3,895.17
$9,035.13 $74,708.49
Cost per $1,000 of assets
1.86
1.46
.26
.22
.52
4 .3 2
Cost per $1,000 of assets not including State tax and rent .
. •
2 .20
Gross income received during the year, $767,036.67.


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

No. 8.

BANK COMMISSIONER

275

Rates on Investments and Loans (Average on All, 4.61%).
Real estate loans (average rate, 4.96 per cent.): 4%, $30,000; 4M%> $459,250; 434%, $90,000; 5% ,
$7,443,073.71; 5M % . $4,000; 6%, $300.
Personal loans (average rate, 4.85 per cen t.): 4M % , $71,000; 4M%> $1,092,500; 4J4%, $208,700; ‘l% % ,
$75,000; 5%, $180,681.90; 5)4% , $50,000; 5M % , $72,900; 5% % , $5,000; 6%, $234,075; 6M % ,
$40,000; 6)4% . $10,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.10 per cent.): 3%, $25,000; 3)4%. $25,000; 3)4% ,
$1,321,500; 334%, $49,920; 4%, $3,986,110; 4)4% , $75,000; 4)4% , $753,790; 5%, $413,000; 6%,
$44,600; 8%, $28,500; 10%, $40,000.
Number of loans not over $3,000 each, 1,089, amounting to $1,949,703.71.
117 real estate loans made during year, amounting to $392,650.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Feb., 1915, 2%
Aug., 1915, 2%
Number of deposits during year, 45,383, amounting to

$301,048 99
304,819 54
2,452,962 96
$3,058,831 49
2,525,081 06

Number of withdrawals during year, 35,249, amounting to
Net increase in amount due depositors

$533,750 43

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 3s
100.000 Massachusetts 3)4s
50.000 Massachusetts 4s
50.000 Essex Co. 4s
25.000 Augusta, Me., 4s
145.000 Boston 3)4s
245.000 Boston 4s
5.000 Bridgeport, Ct., 4s
25.000 Brockton 4s
9.000 Brockton 4)4s
25.000 Cambridge 3)4s
20.000 Cambridge 4s
25.000 Chelsea 4s
20.000 Everett 4s
10.000 Fall River 4s
20.000 Fitchburg 3)4s
3.000 Gloucester 4s
4.000 Haverhill 4s
5.000 Holyoke 4s
100.000 Kansas City, Mo., 4Ms
20.000 Lawrence 4s
50.000 Los Angeles, Cal., 4Ms
21,560 Lowell 4s
50.000 Minneapolis, Minn., 4s
50.000 Minneapolis, Minn., 4Ms
105.000 New Bedford 4s
15.000 Newburyport 3Ms
25.000 Pittsburgh, Pa., 4L£s
30.000 Pittsfield 4s
11.000 Springfield 4s
42.000 Somerville 3Ms
20.000 Seattle, Wash., 4Ms
50.000 Syracuse, N. Y., 4Ms
39.000 Taunton 3Ms
21.000 Taunton 4s
60.000 Troy, N. Y., 4s
75.000 Worcester 3Ms
306.000 Worcester 4s
12.000 Acton 4s
10.000 Danvers 4s
30.000 Meriden, Ct., 4s
10.000 Milton 3Ms
25.000 Norwich, Ct., 3His
12.000 Revere 3His
5.000 Wakefield 4s
10.000 Watertown 4s
9.000 Winchester 3Ms
4.000 Winchester 4s
D

ates

of

E x a m in a t io n ,


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

Public Funds, Notes.
Par Value.
$24,550 Auburn 4s
13,190 Auburn 4Ms
6.500 Boylston 3His
9.000 Boylston 4s
600 Boylston 4Ms
22,500 Charlton 4s
12.000 Northbridge
2.500 Oxford 3Ms
31,420 Oxford 3Ms
35.000 Oxford 4s
4.000 Phillipston 4s
2.000 Uxbridge 4s
25.000 Winchester 3%s

Railroad Bonds.
$25,000 Bangor & Aroostook 5s
50.000 Boston & Albany 3Ms
266.000 Boston & Albany 4s
9.000 Boston & Albany 4Ms
27.000 Boston & Lowell 3Ms
31.000 Boston & Lowell 4s
5.000 Boston & Lowell 4Ms
129.000 Boston & Maine 3Ms
109.000 Boston & Maine 4s
91.000 Boston & Maine 4Ms
46.000 Boston & Providence 4s
19,600 Burl. & Mo. R. 6s
60.000 C., B. & Q. 3Ms
192.000 C., B. & Q. 4s
100.000 Chic., Mil. & St. Paul 4Ms
50.000 Chicago & Northw. 4s
25.000 Chic., R. I. & Pac. 4s
50.000 Cleveland & Pittsburgh 3Ms
21.000 Conn. River 3Ms
20.000 Conn. & Passumpsic Rivers 4s
14.000 Dakota & Gt. Southern 5s
55.000 Delaware & Hudson 4s
39.000 Fitchburg 3Ms
129.000 Fitchburg 4s
2.000 Fitchburg 4Ms
30.000 Fitchburg 5s
200.000 Illinois Central 3Ms
55.000 Illinois Central 4s
50.000 Louisville & Nashville 4s
M ay 24-28 inclusive.

$49,000 Louisville & Nashville 4Ms
9,000 Louisville & Nashville 5s
33.000 Me. Cent. & E. & N. A. 4s
65.000 Michigan Central 3Ms
50.000 Mil., Lake Shore & West. 5s
50.000 Min., St. P. & Sit. St. M. 5s
109.000 New England 4s
50.000 N. Y. C. & H. R. 3Ms
155.000 N. Y. C. & H. R. 4s
25.000 N. Y., Lack. & West. 6s
111.000 N. Y „ N. II. & H. 3Ms
325.000 N. Y., N. H. & H. 4s
55.000 Norwich & Worcester 4s
151.000 Old Colony 4s
75.000 Pennsylvania 4Ms
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 4Ms
102.000 Boston & Northern 4s
24.000 East Middlesex 4s
13.000 Fitchburg & Leominster 4Ms
30.000 Holyoke 5s
36.000 Lynn & Boston 5s
7.000 N. B., Middle. & Brock. 5s
81.000 Old Colony 4s
15.000 Springfield St. Ry. 4s
75.000 West End 4s
25.000 Worcester Consolidated 4Ms
7.000 Worcester Consolidated 5s

Bank Stocks.
Shs.
25 Nl. Bk. of Commerce, Boston
285 Nl. Shawmut Bk., Boston
100 Second Nl. Bk., Boston
300 Worcester Nl. Bk.

[Pub. Doc

REPO RT OF THE

276

PLYMOUTH SAVINGS BANK, PLYMOUTH.
36 MAIN STREET.
Incorporated June 11, 1828.

C h arles

S.

D a v is ,

Number of corporators, 33; number of trustees, 18.

President.
Jam es

Jam es

E.

B artlett,

Board of Trustees: J. E. B a r t l e t t , A. E.
C o o p e r , C. S. D a v i s , H. B. D a v i s , G.
W . S. K y l e , A r t h u r L o r d , G e o r g e
T . R .

D .

T h u r ber,

Treasurer.

Clerk of the Corporation.

G.

B lack m er, W .
L . G o o d in g ,

F.

M a bb ett, L .

B ro w n , M orton

J. H e a v e n s,
B .

E. E.

C o l l in g w o o d ,

H o bart,

R e e d , J oh n R u ssell, J.

F. C.
D .

J. W .

H olm es,

T h u r ber,

W atso n .

Board of Investment: A . E.

Auditing Committee:

J.

E.

B lack m er,

B artlett,

C. S.

C. S.

D a v is ,

H . B.

D a v is ,

G. L.

G o o d in g ,

F. J.

H eaven s.

D a v is , G eo r g e M a b b e t t .

Deposits draw interest from first day of January, April, July and October; dividends are payable the
first Tuesday of January and July. Business hours: 9 a . m . to 3 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
$300,000 00
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
.
900,400 00
Street railway bonds .
.
.
.
.
.
.
.
.
.
.
.
53,920 00
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
.
45,835 00
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
.
253,787 00
509 loans on real estate {average of each, $1,570.17) .
.
.
.
.
.
.
799,218 00
34 loans on personal security
.
.
.
.
.
.
.
.
.
.
627,775 00
Bank building and fixtures (estimated value, $54,000; assessed value, $54,000)
.
.
25,000 00
Deposits in national banks or trust companies
.
.
.
.
.
.
.
74,181 03
C a s h .....................................................' ......................................................................................... 3,791 28

Total Assets

.

.

.

.

.

$3,083,907 31

Liabilities.
Due depositors on 6,688 accounts, averaging $413.76 each
.
.
.
.
.
(.Accounts opened during year, 587; closed, 591; decrease, 4)
Surplus: —
a. Guaranty fund (5.06% o f deposits; increase during year, $4,000)
.
.
.
b. Profit and loss (decrease during year, $616.76)
.
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$55,963 03
b. Rent
.
.
.
.
.
.
.
1,153 28
----------------------$57,116 31
Less current expenses not charged off
.
.
.
.
2,822 31
-----------------------


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

Total Liabilities

$2,767,256 98

140,000 00
122,356 33

54,294 00

. $3,083,907 31

BANK COMMISSIONER.

No. 8.]

277

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising.
Amount paid for
$6,740.88 $6,980.00 $1,000.00
Cost per $1,000 of assets
2 .18
2 .2 6
.32
Cost per $1,000 of assets not including State tax and rent .

Other Expenses.
Total.
$1,653.91
$16,374.79
.54
5 .30
2 .8 0

Gross income received during the year, $160,182.49.

Rates on Investments and Loans (Average on All, 5.25%).
Real estate loans (average rate, 5.21 per cent.): 4J^%, $4,300; 5%, $577,723; 5J^%, $85,435; 6%,
$131 760.
Personal loans (average rate, 4.79 per cent.): 4%, $45,000; i lA % , $50,000; 4J^%, $281,000; 4 % % ,
$50,000; 5%, $42,425; 5M % . $50,000; 5}4% , $21,000; b % % , $20,000; 6%, $68,350.
Bonds, stocks, etc. (average rate on amounts invested, 5.45 per cent.): 3J^%, $125,000; 4%, $278,000;
4M % , $110,000; 4 ^ % , $44,000; 5%, $380,300; 6%, $494,200; 8%, $92,900; 10%, $32,800; 12%,
$27,000.

Number of loans not over $3,000 each, 452, amounting to $495,759.
42 real estate loans made during year, amounting to $77,565.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2 }4 %
.
.
.
.
.
July, 1915, 2 J ^ % ..........................................
Number of deposits during year, 4,413, amounting to
.
.
.
.
.

Number of withdrawals during year, 6,326, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.
.

$66,547 44
66,680 73
307,422 04
$440,650 21
439,633 72
$1,016 49

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$100,000 Boston 4s
100,000 Boston
15.000 Cambridge 4s
10.000 Fall River 4}4s
15.000 New Bedford 5s
25.000 San Francisco, Cal., 5s
24.000 Maynard 4J/£s
3.000 Plymouth 4s

Public Funds, Notes
$5,000 Plymouth Co. 4J^s
3.000 Plymouth 4s

Railroad Bonds.
$15,000 Boston & Maine 4h£s
15.000 Chic., Mil. & Si. Paul 5s

D ates

o f

E x a m in a t io n ,


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

Par Value.
$10,000 Chic., Mil. & St. Paul 6s
117.000 Chic. & Northwestern 6s
50.000 Chic., R. I. & Pac. 4s
21.000 Chic., St. P., Minn. & 0. 6s
20.000 Detroit & Bay City 5s
5,000 Fre., Elk. & Mo. Val. 6s
30.000 Housatonic 5s
50.000 Louisville & Nash. 5s
10.000 Louisville & Nashville 6s
34.000 Montana Central 6s
25.000 New England 5s
125.000 New Orleans & Mobile 6s
60.000 N. Y. C. & H. R. 3'/#
25.000 N. Y. C. & H. R. 4s
65.000 N. Y., N.H. & H. 3V2s
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

June 21-23 inclusive.

Street Railway Bonds.
$55,000 Boston Elevated 5s

Bank Stocks.
Shs.
7 Abington Nl. Bk.
100 First Ward Nl. Bk., Boston
228 Merchants Nl. Bk., Boston
108 Nl. Bk. of Commerce, Boston
811 Nl. Shawmut Bk., Boston
100 Nl. Union Bk., Boston
55 Old Boston Nl. Bk., Boston
270 Second Nl. Bk., Boston
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

REPORT OF THE

278

[Pub. Doc.

PLYMOUTH FIVE CENTS SAVINGS BANK, PLYMOUTH.
44 MAIN STREET.
Incorporated April 6, 1855.

H orace

M.

President.

Sa u n d e r s,

H en ry

Board of Trustees: E .
E. R . B e l c h e r ,
C h apm an , C .
R ic h a r d

B .

A tw o o d ,

W .

L.

C .

Board of Investment:

C .

J. S.
P.

Auditing Committee: C. P.

W il l ia m
W .

B a rn es,

T. W.

B o yd en , G .

D o ten ,

H o lm es,

Number of corporators, 40; number of trustees, 21.

W. T.

H atch ,

W.
M.

R o b b in s , H .

H atch , C .

B a il e y ,

A.

S.

C .

W .

C .

B arn es,

W. W.

B rew ster,

J.

C .

W . L.

B elch er,

B o yd en ,

H. M .

B arn es, H .

L.

B rew ster, E .

W. G
J. B .

F in n e y , B .

Sa u n d e r s, C . A . St r o n g ,

Stro n g ,

E. R .

H.

B rad fo rd ,

E l d r id g e ,

W .

Treasurer.

Clerk of the Corporation.

W. T.

W.

B artlett,

B urgess,
, C .

o o d in g

P .

S.

A .

H atch ,

W ash bu rn .

E l d r id g e ,

W. W.

B r ew ster.

Sau n ders.

Deposits draw interest from second Tuesday of January, April, July and October; dividends are pay­
able the second Tuesday of January and July. Business hours: 9 a . m . to 3 p . m . ; also Saturdays,
7 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
773 loans on real estate (average of each, $1,832.18) .
.
.
.
Less amount due on uncompleted loans .
.
.
.
.
.

.
.
.
.
.
.
.
.
.
.
.
.
$1,420,273 50
4,000 00
----------------- -----33 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, 815,000; 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

.

.

.

.
.
.
.
.

.

.

.

$299,491 66
533,042 50
100,940 00
24,700 00
40,400 00
4,238 10
1,416,273 50
151,340 00
12,500 00
259 77
55 25
6 26
24,114 56
5,538 25

$2,612,893 85

Liabilities.
Due depositors on 8,435 accounts, averaging $286.32 each
.
.
.
.
.
(Accounts opened during year, 865; closed, 773; increase, 92)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $831.06)
.
.
.
b. Profit and loss (increase during year, $10,725.65) .
.
.
.
.
.
Current income: —
a. Interest .
.
.
.
.
.
.
$30,341 47
b. Rent
.
.
.
.
.
.
.
358 65
----------------------- $30,700 12
Less current expenses not charged off
.
.
.
.
2,724 72
-----------------------


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

Total Liaoilities

$2,415,094 79

121,596 76
48,232 90

27,975 40

. $2,612,899 85

No. 8.

BANK COMMISSIONER.

279

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$4,138.54 $5,602.01
$800.00
Cost per $1,000 of assets
1.58
2 .1 4
.30
Cost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$22.00
$1,543.53
$12,106.08
.01
.59
4 .6 2
2.74

Gross income received during the year, $122,645.03.

Rates on Investments and Loans (Average on All, 4.75%).
Real estate loans (average rate, 5.02 per cen t.): 4 X
A % , $23,000; 5%, $1,331,288.50; 5M%> $1,500; 5J^%,
$10,000; 5>^%, $4,600; 6%, $45,885.
Personalloans (averagerate, 4.69 per cen t.): 4J^%, $25,000; 4J^%, $77,000; 5%, $39,040; 6%, $10,300.
Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cent.): 3%, $10,000; 3}4% , $188,000;
3M %, $3,000; 4%, $465,000; 4 % % , $10,000; 4 A.%, $227,666.66; 5%, $81,000; 6%, $24,100; 8%,
$17,300; 10%, $1,000; 14%, $4,000.

Number of loans not over $3,000 each, 668, amounting to $763,868.50.
65 real estate loans made during year, amounting to $129,285.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2 %
Number of deposits during year, 7,706, amounting to
.

Number of withdrawals during year, 6,252, amounting to
Net increase in amount due depositors

.

.

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

.
.

.

.

.

.

.

.

$440,135 00
431,721 68

.
.

$46,454 88
46,314 43
347,365 69

.

$8,413 32

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$5,000 Bay City, Mich., 5s
25.000 Beverly 4s
15.000 Boston 4s
12,500 Brockton 4s
25.000 Chelsea 4s
25.000 Fall River 3Hs
13.000 Haverhill 4s
35.000 Los Angeles, Cal., 4As
10,900 Lowell 4s
35.000 New Bedford 4s
50.000 Omaha, Neb., 43d>s
6.000 Oshkosh, Wis., 4s
10.000 South Norwalk, Conn., 414&
3.000 Plymouth 3%s
3.000 Plymouth 4s
16.000 Concord 4s

Public Funds, Notes.
$6,666 Duxbury 4}4s
1.000 Plymouth 3A s
3.000 Plymouth 4s
1,600 Plympton 4s

Par Value.
$35,000 Baltimore & Ohio 3J^s
25.000 Bangor & Aroostook 5s
20.000 Boston & Albany 3As
10.000 Boston & Lowell 4s
| 30,000 Boston & Maine 4s
30.000 Boston & Maine 4As
30.000 Chic., Mil. & St. Paul 4As
10.000 Chic., Mil. & St. Paul 5s
15.000 Chic. & Northwestern 3As
40.000 Connecticut River 4s
15.000 Fitchburg 4As
6,000 Fre., Elk. & Mo. Valley 6s
10.000 Illinois Central 3s
25.000 Illinois Central 3As
25.000 Illinois Central 4s
10.000 Me. Cent. & E. & N. A. 4s
j 5,000 Mil., L. S. & Western 5s
10,000 New England 5s
10.000 N. V. C. & H. R. 4s
57.000 N. Y., N. H. & H. 33^s
30.000 N. Y., N. H. & H. 4s
10.000 No. Maine Seaport 5s

i

D a t e s of E x a m in a t io n , April 29, 30.


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

Par Value.
$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 3}4s

Street Railway Bonds.
$16,000 Boston Elevated 4s
36.000 Boston Elevated 4As
25.000 West End 4s
25.000 West End 4As

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

280

REPORT OF THE

[Pub. Doc.-

PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWNS OF
SALISBURY AND AMESBURY, AMESBURY.
3
Incorporated February 28, 1828.

MARKET STREET.
Number of corporators, 42; number of trustees, 11.

(Office vacant), President.

A lfred
C h arles

L . A llen ,

Board of Trustees: C
L o c k e , A . N.

. L . A l l e n , W . E . B id d l e , J. E . B l a k e , J o h n

Board of Investment:

W . W .

Auditing Committee:

J. E . B l a k e , C . L . A l l e n , A . G . W il l e y .

P a r r y , R .

P .

T ru e,

H a w k es,

A.

A. C.

C . W ebster,

Treasurer.

Clerk of the Corporation.

C . W e b s t e r , D a n ie l

W e b s t e r , D a n ie l

C u r r ie r , W . W . H a w e s , H . B .
W ebste r,

A.

G . W il l e y .

W ebster.

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 .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
319 loans on real estate (average of each, $2,196.24) .
.
Less amount due on uncompleted loans .
.
.
.

.

.

.

.

.

.
.
.
.
.

.

.

.
.
.

.

.

.

.

.
.
.

.
.

.

.
.
.
.
.
$701,400 00
800 00

35 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $12,000; assessed value, $14,950)
Real estate b y foreclosure, etc. (assessed value, $28,405) .
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.

Total Assets

$850,000
589.000
235.000
57.000
67,200
21.001

00
00
00
00
00
00

700.600
930.600
10,000
15,981
146,527
9,124

00
00
00
84
38
90

. $3,632,035 12

Liabilities.
Due depositors on 7,579 accounts, averaging $430.91 each
{Accounts opened during year, 416; closed, 482; decrease, 66)
Surplus; —
a. Guaranty fund (4-97% of deposits; increase during year, none)
h. Profit and loss (increase during year, $3,912.68)
Current income: —
a. I n t e r e s t ............................................................... $5,247 54
b. R e n t ...............................................................
52 81

.


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

.

.

$3,265,837 89

162,348 87
198,988 01

$5,300 35
560 00

Less current expenses not charged off
Unearned discount

■ .

4,740 35
120 00

.

Total Liabilities .

. $3,632,035 12

No. 8.]

281

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$11,148.13 $6,580.00
Cost per $1,000 of assets
3.07
1.81
Cost per $1,000 of assets notjincluding State tax and rent

Advertising. Other Expenses. Total.
$763.06 $18,491 19
.21
5.09

2.02

Gross income received during the year, $160)292.29.

Rates on Investments and Loans (Average on All, 4.49%).
Real estate loans (average rate, 5.03 per cent.): 5% , $673,400; 534% . $12,000; 6 % , $15,200.
Personal loans (average rate, 4.70 per cen t.): 434%, $225,000; 4% % , $50,000; 4)4% . $290,000; 4%'%,
$30,000; 5%, $257,500; 6%, $78,100.
Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 334%> $245,000; 4% , $1,279,000;
434%, $192,000; 5%, $51,600; 6%, $10,000; 8%, $43,900; 10%, $5,000; 12%, $2,700.

Number of loans not over $3,000 each, 299, amounting to $288,900.
25 real estate loans made during year, amounting to $28,700.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915,2%
t, , , .
/ April, 1915, M %
Extra dividends declared during year: S q c(.
1915
'i%

$63,101
62,760
7,861
7,819
270,394

Number of deposits during year, 3,656, amounting to

22
95 .
76
17
72

$411,937 82
420,184 07

Number of withdrawals during year, 5,445, amounting to
Net decrease in amount due depositors

$8,246 25

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Par Value.
$37,000 Amesbury 4}4s
25.000 Arlington 4s
25.000 Billerica 4s

Par Value.
$25,000 Beverly 4s
50.000 Boston 334s
125.000 Boston 4s
55.000 Cambridge 334s
20.000 Cambridge 4s
50.000 Chelsea 4s
25.000 Chicago, 111., 4s
25.000 Cleveland, 0., 434s
20.000 Fall River 4s
46.000 Haverhill 4s
25.000 Lewiston, Me., 4s
50.000 Los Angeles, Cal., 434s
25.000 Lynn 4s
25.000 Malden 4s
9.000 Medford 4s
51.000 New Bedford 4s
2.000 Somerville 4s
10.000 Taunton 334s
20.000 Taunton 4s
105.000 Amesbury 4s

D ates

o f

E x a m in a t io n


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

Street Railway Bonds.
Par Value.
$100,000 Boston Elevated 4s
25.000 Boston Elevated 4}4s
60.000 Springfield 4s
50.000 West End 4s

Railroad Bonds.
$75,000 Boston & Albany 334s
40.000 Boston & Maine 4s
Bank Stocks.
25.000 Boston & Maine 434s
Shs.
30.000 Boston, R. B. & L. 4}4s
100 Powow River Nl. Bk., Amesbury
25.000 Boyer Valley 334s
35 Boylston Nl. Bk., Boston
100,000 C., B. & Q. 4s
50 Merchants Nl. Bk., Boston
35.000 Chicago & Northwestern 4s
30 Nl. Bk. of Commerce, Boston
30.000 Cleveland & Pittsburgh 334s 342 Nl. Shawmut Bk., Boston
50.000 Illinois Central 4s
25 Nl. Union Bk., Boston
25.000 Mich. Cent.-Det. & B. City 5s 21 Old Boston Nl. Bk., Boston
75.000 N. Y., N. H. & H. 4s
27 Second Nl. Bk., Boston
25.000 Providence Terminal Co. 4s
32 Webster & Atlas Nl. Bk., Boston
40.000 Sullivan County 4s
33 Bay State Nl. Bk., Lawrence
14.000 Wore., Nash. & R. 4s
7 Union Nl. Bk., Lowell

a n d

A u d it ,

N ovember 8-11 inclusive.

282

REPO RT 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, 119; number of trustees, 35.

(Office vacant), President.

H en ey

S . H u n t in g t o n

W olcott,

P aek m an ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: G o b d o n A b b o t t , C . F . A d a m s , O l i v e s A m e s , E . P . B e e b e , A l f e e d B o w d i t c h ,
H. B . C a b o t , P h i l i p C a b o t , E. C. C l a e k e , C . E. C o t t i n g , A l l e n C u b t i s , C . P . C u e t i s , L o u i s
C u b t is , L iv in g s t o n D a v is , P . Y. D e N o e m a n d ie , P h il ip D e x t e b , W il l ia m F a b n s w o e t h , G .
R . F e a e i n g , Jr., E. N . F e n n o , W . C . F o e b e s , G . A . G a b d n e b , G . P . G a b d n e e , E. W . G e e w ,
R o b e e t H o m a n s , H. S . H o w e , J. C . H o w e , W a l t e e H u n n e w e l l , C . C . J a c k s o n , G . v . L . M e y e b ,
T h e o p h i l u s P a e s o n s , R . G . S h a w , Jr., A . B . S i l s b e e , R . H . S t e v e n s o n , Jr., E. V . R . T h a t e e ,
L .

S. T u c k e b m a n , W .

Board of Investment:

W .

V au g h an .

C . F . A d a m s , L o u is

n e w e l l

, W il l ia m

Auditing Committee: J. C.

C u e t is , G o e d o n

F a b n s w o e t h , P h il ip

H o w e , L iv in g s t o n

D a v is ,

A bbo tt, C .

D e x t e b ,

W . C.

E. V.

E.

C o t t in g , W a l t e e

R .

H u n ­

T h a yeb.

F o ebes.

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 .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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, $57,391.39)
.
.
161 loans on personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $1,478,000; assessed
Deposits in national banks or trust companies
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.

.
.
.

.
.
.

.
.
.

.
.

.
.

.
.
.
.
.
.
.
.
.
.
.
.
.
value, $1,478,000)
.
.
.
.
.
.

Total Assets

.
.

$7,611,571
12,664,020
967,000
960,000
900,000
369,375
17,250
22,497,425
8,401,925
570,000
1,281,245
38,645

65
00
00
00
00
00
00
00
00
00
76
95

. $56,278,458 36

Liabilities.
Due depositors on 104,160 accounts, averaging $504-94 each
(Accounts opened during year, 8,812; closed, 8,760; increase, 52)
Surplus: —
a. Guaranty fund (4.99% of deposits; increase during year, $65,000)
b. Profit and loss (increase during year, $75,269.81) .
Current income: —
a. Interest .
.
.
.
.
.
.
$553,152 73
b. Rent
.
.
.
.
.
.
.
25,044 55

. $52,594,793 06

2,625,000 00
527,749 54

$578,197 28
47,281 52

Less current expenses not charged off

530,915 76

Total Liabilities .

.

.

.

.

$56,278,458 36

Total Expenses for the Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$123,431.45 $75,105.00 $36,000.00
$14,110.50 $248,646.95
Cost per $1,000 of assets
2.19
1.33
.64
.25
4.41
Cost per $1,000 of assets not including State tax and rent .
..........................................
1.58
Gross income received during the year, $2,328,044.83.


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

BANK COMMISSIONER

No. 8.]

283

Rates on Investments and Loans (Average on All, 4.25%).
Real estate loans (average rate, 4.16 per cent.): 3 M % , $708,000; 3M % , $1,175,000; 4%, $11,059,775;
4J^%, $1,016,000; 4M % , $3,961,750; 4% % , $50,000; 4J^%, $2,596,550; 4 % % , $157,000; 5%,
$1,677,550; 5J^%, $10,000; 6%, $85,800.
Personal loans (average rate, 4.60 per cent.): 4 }4% , $1,432,200; 4)^% , $5,203,925; 4 % % , $522,500;
5%, $521,000; 5M % , $200,000; 5>^%, $187,000; 6%, $310,300; 6M % , $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3%, $156,000; 3% % , $125,000;
3.45%, $47,880; 3V2%, $3,505,486.65; 3»/16%, $13,000; 3«Ao%. $54,000; 3% % , $27,455; 3.65%,
$37,200; 4%, $16,497,500; 4 ^ % , $688,500; 4 ^ % , $1,347,000; 5%, $1,291,250; 6%, $166,000;
7%, $61,200; 8%, $173,100; 10%, $100,000.
Number of loans not over $3,000 each, 86, amounting to $150,925.
30 real estate loans made during year, amounting to $1,576,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 2%
July, 1915, 2%
Number cf deposits during year, 98,870, amounting to

$984,911 43
999,559 48
6,700,462 11

Number of withdrawals during year, 90,664, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.
.

$8,684,933 02
7,250,700 78

.
.

.

$1,434,232 24

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$338,000 Massachusetts 3J^s
325.000 Massachusetts 4s
100.000 New York State 4s
50.000 Augusta, Me., 4s
1,051,000 Boston 4s
375.000 Boston 4)4s
50.000 Burlington, Vt., 4s
50.000 Detroit, Mich., 4s
50.000 Haverhill 4s
109.000 Holyoke 4s
20.000 Lawrence 4s
563.000 Lowell 4s
95.000 Lynn 4s
600.000 New Bedford 4s
40.000 New Britain, Conn., 4s
125.000 New Haven, Ct., 4s
285.000 Pawtucket, R. I., 4s
20.000 Pittsfield 4s
1,000,000 Providence, R. I., 4s
122.000 Quincy 4s
219.000 Rutland, Vt., 4s
268.000 Springfield 4s
233,500 Springfield 4J^s
96.000 Stamford, Ct., 4s
14.000 Waltham 4s
9.000 Woburn 4s
100.000 Worcester 4s
25.000 Attleborough 4s
14.000 Braintree 4s
47,880 Brookline 3.45%
67.500 Brookline 3J^s
23.000 Brookline 3.60%
70.000 Brookline 4s
17.500 Foxborough 4s
36.000 Grafton 4s
25.000 Leominster 4s
10.000 Lexington 4s
167.000 Manchester 4s
7.000 Tiverton, R. I., 4s
100.000 Westerly, R. I., 4s
165.000 West Springfield 4s
D ates

or

E x a m in a t io n ,


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

Public Funds, Notes.
Par Value.
$80,000 Bristol County 4}^s
5.000 Essex County 3s
25,000 Brockton 3s
100.000 Lowell 3Vsa
142,986 North Adams 3J^s
31.000 North Adams 3.60%
13.000 North Adams 35^s
37,200 North Adams 3.65%
36.000 Somerville 3s
25.000 Somerville 3)^s
15.000 Taunton 3s
20.000 Brookline 3s
6.000 Brookline 3}4a
14,455 Brookline 3%a
13.000 Brookline % es

Railroad Bonds.
$50,000 Albany & Susque. 3V:>s
100.000 Allegheny Valley 4s
90.000 Ateh., Top. & Santa Fé 4s
300.000 Baltimore & Ohio 3}^s
100.000 Bangor & Aroostook 5s
310.000 Boston & Albany 4s
100.000 Boston & Albany 4V¿s
290.000 Boston & Albany 5s
191.000 Boston & Lowell 4s
50.000 Boston & Lowell 4J^s
200.000 Boston & Maine 4s
150.000 Boston & Maine 4J^s
180.000 Boston & Providence 4s
79,400 Burlington & Mo. R. 6s
1,204,000 C., B. & Q. 4s
93.000 C., B. & Q. 5s
300.000 Chic., Mil. & St. Paul 4s
100.000 Chic., Mil. & St. Paul 4^s
200.000 Chic., Mil. & St. Paul 5s
550.000 Chic. & Northwestern 4s
456.000 Chic. & Northwestern 5s
50.000 Chic., R. I. & Pac. 4s
100.000 Concord & Montreal 4s
December 16-20 inclusive.

Par Value.
$250,000 Connecticut River 4s
500.000 Delaware & Hudson Co. 4s
950.000 Fitchburg 4s
250.000 Fitchburg 4J^s
350.000 Illinois Central 3Ks
450.000 Illinois Central 4s
150.000 Lake Shore & Mieh. S. 4s
350.000 Louisville & Nash. 4s
190.000 Louisville & Nash. 4Hs
100.000 Mich. Cen.-Jol. & No.Ind.4s
100.000 Minn. & Iowa 3Jis _ ,
200.000 New England 4s
89.000 N. Y. C. & H. R. 3^s
100.000 N. Y. C. & H. R. 4s
300.000 N. Y. & N. E. Term. 4s
390.000 N. Y., N. H. & H. 3y2a
450.000 N. Y., N. H. & H. 4s
86,600 N. Y., N. H. & H. 6s
55.000 Northern Pacific 3s
I 1,000,000 Old Colony 4s
400.000 Pennsylvania ipfa
200.000 Portland Terminal Co. 4s
275.000 St. P., Minn. & Man. 4s
107.000 Upper Coos 4)^s
672.000 Vermont & Mass. 33dis

Street Railway Bonds.
$250,000 Boston Elevated 4s
400.000 Boston & Northern 4s
100.000 Holyoke 5s
100.000 Old Colony 4s
200.000 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
612 Webster & Atlas Nl. Bk., Boston

/

284

REPORT OF TH E

[Pub. Doc.

QUINCY SAVINGS BANK, QUINCY.
1374 HANCOCK STREET.
Incorporated March 18, 1845.
John

Number of corporators, 34; number of trustees, 12.

President.

Q . A . F ie l d ,

C larence

G eorge

Board of Trustees: G.

E . A dam s, R .

J . Q . A . F ie l d , E . B . M a r s h ,

Board of Investment: J.
Auditing Committee:

E . A dam s,

D. C h a s e , R . F . C l a f l in , H . E . C
G. A . S i d e l i n g e u , F . H . S m i t h ,

Q . A . F ie l d ,

E.

B.

M arsh ,

R. D.

R. D.

B ü r g in ,

Treasurer.

Clerk o f the Corporation.

C hase,

C h ase,

R . F.
H.

ran e

, J. H . E m ery, H . M . F a x o n ,

H . F . S p e a r , H . T . W h it m a n .

H. T .

C l a f l in ,

W h it m a n .

E. C rane.

Deposits draw interest from the first Tuesday of January, April, July and O cto b e r 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 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
1,240 loans on real estate (average of each, $2,563.23)
I.ess amount due on uncompleted loans .
.
.

.

.

.
.

.

.
.
.
.

.
.
.

.

.
.
.

.
.

.

.

.

.
.
.

.
.

.

.
.

.
.

.
.
.
.
.
.
.$3,202,088 63
23,686 40

31 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $83,568.14; assessed value, $82,100) .
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.

Total Assets

$329,000
1,276,291
145,333
100,677
40,985
9,000

00
25
90
50
00
00

3,178,402
268,535
83,568
893
63,258
904

23
00
14
31
47
79

. $5,496,849 59

Liabilities.
Due depositors on 17,564 accounts, averaging $287.95 each
.
.
{Accounts opened during year, 1,996; closed, 1,437; increase, 559)
Surplus: —
a. Guaranty fund {4.96% of deposits; increase during year, 810,905)
b. Profit and loss {increase during year, $21,774-70) .
.
.
.
Current incom e: —
a. Interest .
.
.
.
.
.
.
$24,370 92
b. R e n t ...............................................................
372 64
----------------------Less current expenses not charged off
.
.
.
.


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

.

.

.

.

$5,057,553 88
250,905 00
164,645 81

.

$24,743 56
998 66
23,744 90

Total Liabilities .

. $5,496,849 59

No. 8.

BANK COMMISSIONER.

285

Total Expenses for the Year, including State Taxes.
Rent.
Advertising. Other Expenses.
Total.
State Tax (Net). Salaries.
Amount paid for
$7,922.53 $9,439.98 $1,200.00
$199.05
$3,184.73 $21,946.29
Cost per $1,000 of assets
1.44
1.72
.22
.03
.58
3.99
2 .3 3
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $247,573.72.

Rates on Investments and Loans (Average on All, 4.70%).
Real estate loans (average rate, 5.10 per cent.): 4}^% , $277,450; 5%, $2,124,671.23; 5)di%, $631,750;
6%, $144,531.
Personal loans {average rate, 4.87 per cent.): 4J^%, $100,000; 5%,$147,785; 5}4% , $11,250; 6% ,$9,500.
Bonds, stocks, etc. (average rate on amounts invested, 4.03 per cent.): 3%, $25,000; 3)^% , $565,000;
4%, $1,069,000; 4M % . $50,000; 4J^%, $86,000; 5%, $104,000; 6%, $10,000; 8%, $20,000.
Number of loans not over $3,000 each, 1,025, amounting to $1,808,738.73.
150 real estate loans made during year, amounting to $393,600.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
.
.
.
.
.
Oct., 1 9 1 5 , 2 % ..........................................
Number of deposits during year, 21,671, amounting to
.
.
.
.
.
.

Number of withdrawals during year, 15,964, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

$1,274,256 11
1,085,262 25

.

.

.

$92,053 72
93,793 13
1,088,409 26

.

$188,993 86

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$75,000 Massachusetts 3J^s
100,000 Boston 4s
23.000 Brockton 4s
50.000 Fall River
25.000 Minneapolis, Minn., 3}4s
50.000 New Bedford 4s
6,000 Quincy 4J^s

Railroad Bonds.
$25,000 Atch., Top. & Santa F6 4s
15.000 Baltimore & Ohio 3Jdis
65.000 Bangor & Aroostook 5s
50.000 Boston & Albany 4s
20.000 Boston & Maine 3J^s
50.000 Boston & Maine 4s

D ates

op

E x a m in a t io n ,


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

Par Value.
$60,000 Boston & Maine 4Hs
115.000 Chic., Burl. & Quincy 3J^s
25.000 Chic., Burl. & Quincy 4s
50.000 Chicago & Northwestern 4s
14.000 Chicago & Northwestern 5s
25.000 Conn. & Passump. Riv. 4s
50.000 Delaware & Hudson 4s
50.000 Fitchburg 3J^s
50.000 Fitchburg 4s
25.000 Illinois Central 3s
95.000 Illinois Central 3]4s
20.000 Illinois Central 4s
10.000 Michigan Central 3Hs
10.000 N. Y. Cent. & H. R. 3^s
25.000 N. Y. C. & H. R. 4s
100.000 N. Y., N. H. & H. 3^s
176.000 N. Y., N. H. & H. 4s

March

9 -1 2

inclusive.

Par Value.
$25,000 No. Maine Seaport 5s
25.000 Old Colony 3J^s
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 4Hs
50.000 Boston & Northern 4s

Bank Stocks.
Shs.
200 Commonwealth Tr. Co., Boston
100 Nl. Mt. Wollaston Bk., Quincy

286

REPORT OF TH E

[Pub. Doc.

RANDOLPH SAVINGS BANK, RANDOLPH.
MAIN STREET.
Incorporated April 14, 1851.

H erbert

F. F rench,

Number of corporators, 33; number of tiustees, 12.

President.
P a t r ic k

N . I r v in g
H . M cL a u g h l in ,

Board of Trustees: J. A. B r e n n a n , A. L.
F r e n c h , F. C. G r a n g e r , E . M . M
J. K . W i l l a r d .

Board of Investment: R . A.

Auditing Committee:

T hayer,

T olm an,

T, easurer.

Clerk of the Corporation.

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.
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 ,

C hase,
an n

N. I.

P . H . M cL a u g h l in ,

,

T olm an,

J.

J. K .

A . B rennan,

W il l a r d ,

J.

J. A .

B rennan,

F. C.

G ranger.

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 30, 1915.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bonds
.
Stocks of banks and trust companies
315 loans on real estate (average of each, $8,865.95) .
Less amount due on uncompleted loans .

$36,000
551,822
75,000
31,825
15,500

00
50
00
00
00

1,217,775
127,021
5,297
77,613
5,514

00
00
98
65
16

$1,224,475 00
6,700 00

7 loans on personal security .
Real estate b y foreclosure, etc. (assessed value, $5,200)
Deposits in national banks or trust companies
Cash .
.
.
.
.
,

Total Assets

$2,143,369 29

Liabilities.
Due depositors on 3,970 accounts, averaging $489.24 each
(Accounts opened during year, 241; closed, 186; increase, 55)
Surplus: —
a. Guaranty fund (4-97% of deposits; increase during year, $950)
h. Profit and loss (increase during year, $18,600.56)
Current incom e: —
Interest
Less current expenses not charged off


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

$1,942,292 00

96,628 00
96,218 07
$8,688 44
457 22
8,231 22

Total Liabilities .

. $2,143,369 29

No. 8.]

BANK COMMISSIONER.

287

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$3,625.44 $3,100.00
$360.00
$46.00
$1,528.66
$8,660.10
Cost per $1,000 of assets
1.69
1.45
.17
.02
.71
4 .04
C ost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .18

Gross income received during the year, $99,941.18.

Rates on Investments and Loans (Average on All, 4.90%).
Real estate loans (average rate, 5.31 per cent.): 5%, $510,750; 5J^%, $645,600; 6%, $61,425.
Personal loans (average rate, 4.77 per cent.): 4 % % , $50,000; 4 % % , $25,000; 5%, $47,900; 5J^%,
$4,121.
Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cent.): 4% , $576,000; 4 K % , $75,000;
5%,.$52,500; 6%, $6,200; 8%, $6,800.

Number of loans not over $3,000 each, 138, amounting to $259,175.
39 real estate loans made during year, amounting to $98,350.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2ys%
Number of deposits during year, 1,701, amounting to
.

.

Number of withdrawals during year, 2,541, amounting to
N et increase in amount due depositors

.

.

.

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

.
.

.
.

.

.

.

.

$37,423 58
40,040 19
169,893 02

.

$247,356 79
218,156 45

.

$29,200 34

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.

Par Value.
$68,000 Boston & Maine 4s
25.000 Boston & Maine 4'As
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 4J^s
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

Par Value.
$25,000 Belfast, Me., 4s
5.000 Randolph 4s
4.000 Rockland 4s

Public Funds, Notes.
$2,000 Randolph 4s

Railroad Bonds.
$25,000 Bangor & Aroostook 5s
50,000 Boston & Albany 4s
5.000 Boston & Lowell 4s

D ate

op

E x a m in a t io n ,


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

April

9.

D a t e s o f A u d it ,

November

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.

6 -9

inclusive.

288

REPORT OF TH E .

[Pub. Doc.

REVERE SAVINGS BANK, REVERE.
327 BROADWAY.
Incorporated April 12, 1912.
A l f r e d S, H a l l , President.

Number of corporators, 62; number of trustees, 35.

W il l is G. B o n d , Treasurer.
A l b e r t J. B h o w n , Clerk of the Corporation.

Board of Trustees: C . K . B a d g e r , G. M . B e m is , 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 is h o l m , F. M . C r a ig , A. H . C u r t is , S. R . C u t l e r ,
W . H . D e r b y , G . W . F o lso m , T . W . G il l e t t e , A . S. H a l l , C . W . H a l l , H . J. H a r d in g , L .'L .
H a r t w e l l , W . H . J o h n s o n , A. C . K i r b y , A . II. M a g u n e , F . P . M o r s e , M a t t h e w M u l l ig a n ,
P. C . N o b l e , I. P. P a r k , 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 , Y. E. T r a c e , H . L. Y o u n g .
Board o f Investment:

C. Id. B r o w n , C. F. C h is h o l m , A. S. H a l l , T . V. S a r g e n t , J. B .
S h u r t l e f f , Jr.

Auditing Committee: P. C. N o b l e , I. P. P a r k , F. G. R o g e r s .
Deposits draw interest from fifteenth day of February, M ay, August and N ovem ber; dividends are
payable M ay 15 and Novem ber 15. Business hours: 8.30 a . m . to 1 p . m .; also Saturdays, for d e ­
posits only, 4 to 8 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
37 loans on real estate (.average of each, $1,621.62)
Less amount due on uncompleted loans .
.
.

.
.
.
.
.

.
.
.
.
.

.

.
.
.
.
.

.
.
.
.

.
.
.
.
.
.
.
.
$60,050 00
50 00

.

.

.

9 loans on personal security . .
.
.
Furniture and fixtures .
.
.
.
.
Deposits in national banks or trust companies
Cash .
.
.
.
.
.
•.

Total Assets

.

.

$3,918
3,668
6,290
1,735

55
25
40
00

60,000
9.800
452
2.800
465

00
00
25
61
92

.

.

.

$89,130 98

Due depositors on 2,009 accounts, averaging $43.58 each
.
.
.
{Accounts opened during year, 933; closed, 334; increase, 609)
Surplus: —
a. Guaranty fund (.40% o f deposits; increase during year, $174-13)
b. Profit and loss (increase during year, $119.33)
.
.
.
.
Current incom e: —Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.

.

.

$87,557 41

.

.

353 80
230 48

Liabilities.


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

$1,505 42
516 13
989 29

Total Liabilities .

.

.

.

.

$89,130 98

No. 8.]

BANK COMMISSIONER

289

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Amount paid for
$87.57
$520.00
$300.00
Cost per $1,000 of assets
.98
5 .8 3
3 .3 6
Cost per $1,000 of assets not including State tax and rent .

Advertising.
$77.75
.87

Other Expenses. Total.
$196.70
$1,182.02
2.21
13.25
8.91

Gross income received during the year, $4,029.63.

Rates on Investments and Loans (Average on All, 5.60%).
Real estate loans (average rate, 5.95 per cent.): 5J^%, $6,150; 6%, $53,850.
Personal loans (average rate, 5.28 per cent.): 4J£%> $2,000; 5%, $3,500; 5J^%, $1,000; 6%, $3,300.
Bonds, stocks, etc. (average rate on amounts invested, 4.45 per cen t.): 3)^% , $3,000; 4%, $6,000; 4 X
A%,
$5,000; 5%, $2,500.
Number of loans not over $3,000 each, 43, amounting to $54,130.
13 real estate loans made during year, amounting to $20,550.

Dividends, Deposits and Withdrawals.
$964 77
1,135 30
77,160 18

Ordinary dividends declared during year: N ov., 1914, 2%
M ay, 1915, 2%
Number of deposits during year, 5,776, amounting to

Number of withdrawals during year, 1,944, amounting to
N et increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$79,260 25
50,335 74

.

$28,924 51

SCHEDULE OE SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$2,000 Massachusetts 3}4>s
500 Massachusetts 4s
1,000 Revere 4J%s
500 Saugus 4s

Par Value.
$1,000 Chic., Mil. & St. Paul 4}4s
1.000 Concord & Montreal 4s
1.000 Fitchburg 4s
1.000 N. Y., N. H. & H. 3y2s

D a t e o r E x a m in a t io n , Jan uary 15.


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

Street Railway Bonds.
Par Value.
$1,000 Boston Elevated 4J^s
500 Boston Elevated 5s
1.000 Leominster, Shirley & Ayer 5s
1.000 Old Colony 4s
1.000 West End 4J^s
1.000 West End os
1 1,000 Worcester & Southbridge 4Jd>s

290

REPO RT OF THE

[Pub. Doc.

ROCKLAND SAVINGS BANK, ROCKLAND.
5 CHURCH STREET.
Incorporated March 30, 1868.

Number of corporators, 50; number of trustees, 15.

J o s ia h A . T o e r e y , President.
H a r r y W . B u r r e l l , Treasurer.
C l a r e n c e E . R ic e , Clerk of the Corporation.

Board o f Trustees: A l b e r t C u l v e r , A . W . D o n o v a n , J. E . F r e n c h , H . E . F u l l e r , W . M . H u r l e y ,
E d w in M u l r e a d y , A . A . P h e l p s , J. A . R a d c l if f e , J. S. S m it h , J. J. S p e n c e , J. W . S p e n c e ,
J. F . T h o m p so n , E . P . T o e r e y , H . S. T o e r e y , J. A . T o r r e y .
Board of Investment: J. A . T o r r e y , A . A. P h e l p s , A l b e r t C u l v e r , H. E . F u l l e r , E . P. T o r r e y .
Auditing Committee: E d w in M

u lread y,

H . E . F u l l e r , J. S. Sm it h .

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 30, 1915.
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
719 loans on real estate (average of each, SI,839.95)
Less amount due on uncompleted loans .

$165,209
463,678
126,083
34,293
4,100
18,136

00
50
00
75
00
20

1,322,930
43,126
57,000
15,117
28,748
1,797

65
00
00
98
82
44

00
35

47 loans on personal security
Bank building and fixtures (estimated value, $75,000; assessed value, $63,125)
Real estate b y foreclosure, etc. (assessed value, $16,250)
Deposits in national banks or trust companies
Cash .
.
.
.
.
.

Total Assets

$2,280,221 34

Liabilities.
Due depositors on 6,228 accounts, averaging $333.51 each
.
.
.
.
.
(Accounts opened during year, 863; closed, 559; increase, 304)
Surplus: —
o. Guaranty fund {4.91% of deposits; increase during year, $2,498.48) .
b. Profit and loss {increase during year, $12,806.46) .
.
.
.
.
.
Current income: —
Interest
.............................................................................................. $28,769 51
Less current expenses not charged off
.
.
.
.
.
1,936 56


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

$2,077,104 37

102,041 72
74,242 30

26,832 95

Total Liabilities .

. $2,280,221 34

291

BANK COMMISSIONER.

No. 8.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses.
Total.
.Amount paid for
$2,744.23 $3,830.00
$600.00
$44.15
$ l,6 o6.67
$8,875.05
C ost per $1,000 of assets
1.20
1.67
.26
.02
.73
3.88
C ost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2.42

Gross income received during the year, $110,081.91.

Rates on Investments and Loans (Average on All, 5.03%).
Real estate loans (average rate, 5.45 per cen t.): 5%, $575,813; 5J^%, $3,200; 5 % % , $279,303.65; 6%,
$464,614.
Personal loans (average rate, 5.52 per cent.): 5%, $14,870; 5J^%, $11,400; 6%, $16,856.
Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cent.): 3hi% , $149,000; 4% , $362,500;
4 M % , $1,500; 4 ^ % , $109,000; 5%, $181,200; 6%, $19,500; 10%, $400.

Num ber of loans not over $3,000 each, 650, amounting to $645,848.
53 real estate loans made during year, amounting to $92,845.

Dividends, Deposits and Withdrawals.
$47,970 72
38,933 82
328,248 36

Ordinary dividends declared during year: Jan., 1915, 2 X
A%
July, 1915, 2%
Number of deposits during year, 5,937, amounting to

Number of withdrawals during year, 5,606, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

.

.

.

.

$415,152 90
334,057 26

.

$81,095 64

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$20,000 Boston 4s
1.000 Brockton 4s
5.000 Dubuque, la., 4s
30.000 Los Angeles, Cal., 4)^s
4.000 Medford 4s
4.000 New London, Ct., 4s
6.000 Newton 4s
4.000 Pittsfield 3J^s
5.000 Portland, Ore., 4s
10.000 Portland, Ore., 4b£s
15.000 Quincy 4s
25.000 San Francisco, Cal., 5s
15.000 Seattle, Wash., 5s
5.000 Sioux City, la., 4pis
8.000 Taunton 4s
3.000 Abington 4s
1,500 Hanover 4bis
4.000 Rockland 4s

Railroad Bonds.
$15,000 Atch., Top & Santa Fé 4s
10.000 Bangor & Aroostook 5s

D ates

o f

E x a m in a t io n


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

Par Value.
$10,000 Boston & Albany 3%s
15.000 Boston & Albany 5s
12.000 Boston & Lowell 4s
27.000 Boston & Maine 4s
40.000 C., B. & Q. 3}4s
10.000 C., B. & Q. 4s
26.000 Chic., Mil. & St. Paul 4b£s
15.000 Chic., Mil. & St. Paul 5s
10.000 Chicago & Northwestern 4s
5.000 Concord & Montreal 4s
5.000 Dexter & Piscataquis 4s
5.000 Erie & Pittsburgh 3As
20.000 Fitchburg 4s
10.000 Fitchburg 5s
60.000 Illinois Central 3Jtis
10.000 Lake Shore & Mich. South. 4s
5.000 Louisville & Nashville 4s
10.000 Min., St. P. & Sit. St. M. 5s
20.000 N. Y. C. & H. R. 4s
17.000 N. Y., Lack. & Western 6s
25.000 N. Y., N. II. & H. 3^s
16.000 N. Y., N. H. & H. 4s
20.000 No. Maine Seaport 5s
15.000 Old Colony 4s

a n d

A u d it ,

Par Value.
$6,000 Pitts., Va. & Charleston 4s
10.000 Portland Terminal Co. 4s
10.000 Somerset Ry. 4s
2.000 Upper Coos 4s
5.000 Washington Co. 3A&
5.000 Wore., Nash. & R. 4s

Street Railway Bonds.
$15,000 Boston Elevated 4s
28.000 Boston Elevated 4J^s
20.000 Boston Elevated 5s
10.000 Boston & Northern 4s
4,000 Brockton 5s
10.000 West End 4s
10.000 West End 4}4 s
30.000 West End 5s

Bank Stocks.
Shs.
12 Abington Nl. Bk.
4 Merchants Nl. Bk., Boston
25 Rockland Trust Co.

March 29-A pril 2 inclusive.

292

REPO RT OF THE

[Pub. Doc.

SALEM SAVINGS BANK, SALEM.
125

WASHINGTON STREET.

Incorporated January 29, 1818.
C h arles

S.

R e a ,

Number of corporators, 101; number of trustees, 23.

President.

Jam es

F ran k

S.

P e r k in s ,

Y o u n g , J r .,

Treasurer.

Clerk of the Corporation.

Board of Trustees: G . H. A l l e n , H. P. B e n s o n , W . D . C h a p p l e , W . A . C h i s h o l m , D . P . C o f f i n ,
E . J. F a b e n s , G. R . F e l t , H. O. F u l l e r , G. W. G r a n t , G. R. J e w e t t , J. J. M a c k , R . M . M a ­
h o n e y , W . P. M c M u l l a n , G. A . M o r r i l l , W . E. N o r t h e y , R o b e r t O s g o o d , J o h n P i c k e r i n g ,
F . G . P o u s l a n d , C . S. R e a , D . A. V a r n e y , G . A. V i c k e r y , G e o r g e W e s t , R i c h a r d W h e a t l a n d .
Board o f Investment: C. S.

R e a ,

G. R .

Je w ett,
W .

Auditing Committee: W . A .

C h is h o l m ,

A .

G. W .

D .

A.

V ar n e y,

G. H.

A llen ,

R obert

O sgood,

C h is h o l m .

G ran t,

G. R .

F e lt.

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 30, 1915.
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
981 loans on real estate (average of each, $4,556.09)
Less amount due on uncompleted loans .

$1,S89,707
2,212,994
760,280
100,000
203,450
156,000
100

00
50
00
00
00
00
00

4,469,524
1,292,300
60,000
7,108
229,818
17,729

86
00
00
88
76
29

$4,642,554 60
173,029 74

44 loans o-n personal security
.
.
.
.
.
.
Bank building and fixtures (estimated value, $100,000; assessed value, $126,700)
Real estate b y foreclosure, etc. (assessed value, $10,700)
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

Total Assets

$11,399,013 29

Liabilities.
Due depositors on 20,828 accounts, averaging $505.63 each
(Accounts opened during year, 2,262; closer, 2,095; increase, 167)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $7,000) .
h. Profit and loss (increase during year, $74,882.28) .
Current income: —
..................................................... $6,337 80
o. Interest .
b. Rent
.
.....................................................
90 05

. $10,531,333 41

527,000 00
335,713 64

$6,427 85
1,461 61
----------------

Less current expenses not charged off

Total Liabilities .

.

.

.

.

4,966 24

$11,399,013 29

Total Expenses for Year, including State Taxes.
State Tax (Net).
Salaries.
Rent.
Advertising. Other Expenses.
Total.
Amount paid for
$27,705.63 $21,034.92 $2,500.00
$505.02
$4,023.44
$55,769.01
Cost per $1,000 of assets
2 .4 3
1.84
. 22
. 04
. 35
4 .8 8
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .2 3
Gross income received during the year, $530,594.46.


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

293

BANK COMMISSIONER.

No. S.]-

Rates on Investments and Loans (Average on All, 4.62%).
Real estate loans (average rate, 4.89 per cent.): 4%, $43,000; 4 )4 % , 873,500; 4 )4% , 8758,200; 4 )4% .
P*8i $63,500; 5%, $3,513,474.86; 5)4% , $8,550; 6%, $9,300.
Personal loans (average rate, 4.67 per cent.); 4%, $20,000; 4 )4 % , $75,000; 4 )4 % , $662,500; 4)4% ,
$50,000; 4)4% , $265,500; 4 % % , $50,000; 5%, $85,500; 5)4% , $50,800; 6)4% , $33,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.39 per cent.): 3%., $159,000; 3)/10%, $20,000;
32/io%. $6,800; 3)4% , $50,000; 3)4% , $1,127,000; 4%, $1,619,500; 4)4% , $75,000; 4)4% , $1,100,000; 5%, $918,500; 5)4% , $25,000; 6%, $119,500; 7%, $29,000; 8%, $25,500; 10%, $58,300;
12%, $22,300; 14%, $15,500.
Number of loans not over $3,000 each, 626, amounting to $1,169,190.32.
226 real estate loans made during year, amounting to $1,253,650.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 17,035, amounting to
.

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

Number of withdrawals during year, 17,316, amounting to
N et decrease in amount due depositors

.

.

.

.
.

.
.

.

$1,737,585 37
1,764,892 41

.

.

.

$202,506 69
202,499 86
1,332,578 82

.

$27,307 04

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$250,000 Massachusetts 3)4s
33.000 Akron, 0., 5s
25.000 Allegheny, Pa., 4s
175.000 Boston 4s
25.000 Boston 4)4s
85.000 Burlington, Vt., 3J4s
20.000 Fall River 3)4s
6.000 Gloucester 3)4s
150.000 Los Angeles, Cal., 4J4s
50.000 Lynn 4)4s
50.000 Minneapolis, Minn., 4s
50.000 New Bedford 5s
75.000 North Adams 4s
20.000 Oakland, Cal., 4)4s
25.000 Oakland, Cal., 5)4s
133.000 Omaha, Neb., 4)4s
50.000 Portland, Ore., 6s
20.500 Quincy 3)4s
22.000 Saginaw, Mich., 4s
55.500 Salem 4s
39.000 Salem 4)4s
200.000 San Francisco, Cal., 5s
110.000 Seattle, Wash., 4)4s
60.000 So. Norwalk, Conn., 4s
50.000 Spokane, Wash., 4)4s
25.000 St. Louis, Mo., 3)4s
10.000 Waterbury, Conn., 4s
10.500 Ware 3)4s
15.000 Augusta, Me. (W. D.), 4s

Public Funds, Notes.
$20,000 Brookline 3.10%
25.000 Brookline 3)4s
5.000 Middleborough 4s
9,800 North Adams 3%os
D ates

o p

E x a m in a t io n ,


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

Railroad Bonds.
Par Value.
$25,000 Boston & Albany 3)4s
113.000 Boston & Albany 5s
15.000 Boston & Lowell 4s
84.000 Boston & Maine 3s
80.000 Boston & Maine 4s
150.000 Boston & Maine 4)4s
26.000 Cedar Rapids & Mo. R. 7s
100.000 C., B. & Q. 3)4s
100.000 Chic., Mil. & St. Paul 4)4s
100.000 Chic., Mil. & St. Paul 5s
50.000 Chic. & Northw. 3)4s
100.000 Cleve. & Pittsburgh 3)4s
10.000 Cleve. & Pittsburgh 4)4s
100.000 Concord & Montreal 4s
10.000 Connecticut River 3)4s
50.000 Conn. & Passumpsic R. 4s
75.000 Fitchburg 4J4s
50.000 Fitchburg 5s
31.000 Fre., Elk. & Mo. Val. 6s
25.000 Housatonic 5s
75.000 Illinois Central 3s
100.000 Illinois Central 3)4s
16.000 Illinois Central 4s
50.000 Lake Shore & M. S. 3)4s
10.000 Maine Shore Line 6s
8.000 Michigan Central 4s
60.000 Mil., Lake Shore & W. 5s
15.000 Mil., Lake Shore & W. 6s
100.000 Minnesota & Iowa 3)4s
25.000 Min., St. P. & Sit. St. M. 5s
25.000 N. Y. C. & H. R. 3)4s
9.000 N. Y., Lack. & West. 6s
25.000 New York & New Eng. 4s
25.000 N. Y „ N. H. & H. 3)4a
200,000 N. Y., N. H. & H. 4s
January 2 7 -F e b ru a r y 3, inclusive.

Par Value.
$50,000 Old Colony 4s
50.000 Princeton & N. W. 3)4s
25.000 Providence & Wore. 4s
50.000 St. J. & Lake Champ. 5s
10.000 Sullivan County 4s
18.000 Wore., Nash. & Roch. 4s

Street Railway Bonds.
$100,000 Boston Elevated 4s
200.000 Boston Elevated 4)^s
50.000 Boston & Northern 4s
5.000 Brock., Bridge. & Taun. 5s
29.000 Lynn & Boston 5s
1.000 Marlboro’ & Westboro’ 5s
50.000 Old Colony 4s
100.000 West End 4s
63.000 West End 4)^s
160.000 West End 5s
15.000 Worcester & Holden 5s

Bank Stocks.
Shs.
30 Beverly Nl. Bk.
25 Boylston Nl. Bk., Boston
155 First Nl. Bk., Boston
583 Merchants Nl. Bk., Boston
502 Nl. Bk. of Commerce, Boston
175 Nl. Shawmut Bk., Boston
80 Nl. Union Bk., Boston
223 Second Nl. Bk., Boston
45 Nl. Grand Bk., Marblehead

294

REPO RT OF THE

[Pub. Doc.

SALEM FIVE CENTS SAVINGS BANK, SALEM.
210 ESSEX STREET.
Incorporated March 9, 1855.
H en ry

A .

H a l e ,

Number of corporators, 154; number of trustees, 30.

President.

H arr y
W il l ia m

P . H u bo n ,

P .

Treasurer.

G if f o r d ,

Clerk o f the Corporation.

Board of Trustees: R . D . A d a m s , W . K . B i g e l o w , H . M . B i x b y , F . A . B r o w n ,
8. H . B a t c h e l d e r , W . F . C a s s , W . O. C h a p m a n , W . R . C o l b y , L. H . C o l e ,

H . M . B atch eld er,

J. F . D a l t o n , C . H.
D a n f o r t h , C . P . F a u n c e , W . S . F e l t o n , H . P . G if f o r d , H . A . H a l e , G . M . H a r r is , W . C . H a r ­
r i s , U. G . H a s k e l l , W . L. H y d e , W . M . J e l l y , E. W . L o n g l e y , W . S. N e a l , A . H . P h i p p e n ,

C .

E.

P h ip p e n , J . C . R o b s o n , M a t t h e w

Board of Investment:

H .

Auditing Committee:

M.

W .

B atch eld er,

K .

F. A.

B ig e l o w , H .

M .

R o bson ,

B ro w n ,

W.

H . R o p e s , N . G . S im o n d s , J . F . S m it h .

W . R.

B ix b y , C .

P .

A.

C o lby, H .

H a l e , M atth ew

R o bso n .

F au n ce.

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: 8.45 a . m . to 1.15 p . m . ; also Saturdays, from
7 to 9 p . m ., for deposits only.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
.
1,123 loans on real estate {average o f each, $4,437.4%)
.
.
.
.
.
86 loans on personal security
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $200,000; assessed value, $198,000)
Real estate by foreclosure, etc. (assessed value, $34,400) .
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

.
.
.
.
.
.
.
.
.
.

$1,875,150 00
1,981,250 00
273,255 00
88,400 00
183,430 00
4,983,226 08
1,295,125 00
150,000 00
29,952 65
246,899 82
35,452 39

.

$11,142,140 94

.

.

.

Liabilities.
Due depositors on 28,480 accounts, averaging $356.31 each
(.Accounts opened during year, 4B%7; closed, 4,095; increase, 532)
Surplus: —
a. Guaranty fund (5% of deposits; increase during year, $7,500) .
b. Profit and loss (increase during year, $66,552.64) .
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
$7,009 86
Less real estate expense paid and not charged off
3,972 45

. $10,147,574 87
507,500 00
377,894 56
$120,153 82
10,982 31
109,171 51

Total Liabilities.......................................$11,142,140 94

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$26,002.09 $21,028.40
—
Cost per $1,000 of assets
2 .3 3
1.89
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $540,584.39.


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

Advertising. Other Expenses.
Total.
$1,896.91
$6,236.35
$55,163.75
.17
.56
4 .9 5
...........................................
2.62

BANK COMMISSIONER.

No. 8.]

295

Rates on Investments and Loans (Average on/All, 4.78%).
(average rate, 4.85 per cen t.): 4%, $99,000; 4 1 4 % , $27,450; 4 4 4 % , 81,807,571.08; 4% % ,
$7,000; 4M % . $71,650; 5%, $2,403,280; 5H % , $4,500; 544%, $351,575; 6%, $147,900; 6)4% ,
$3 300.
Personal loans (average rate, 4.86 per cen t.): 4 ) 4 % , $25,000; 4 WZo $374,700; 4% % , $45,000; 4M % ,
$300,400; 5%, $315,200; 5 ) 4 % , $54,900; 5 ^ % , $145,300; 5 % % , $7,500; 6%, $27,125.
B on d s, stocks, etc. (average rate on amounts invested, 4.68 per cent.): 3%, $45,000; 3 ) 4 % , $70,000; 4%,
$1,209,300; 4)4% , $1,624,750; 5%, $1,036,000; 5)4% , $45,800; 6%, $247,000; 7%, $6,000; 8%,
$74,500; 12%, $12,500; 16%, $22,500.

Real estate loans

Number of loans not over $3,000 each, 670, amounting to $1,130,669.83.
357 real estate loans made during year, amounting to $1,576,846.08.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year; Feb., 1915, 2%
Aug., 1915, 2 %
Number of deposits during year, 37,397, amounting to

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

Number of withdrawals during year, 30,394, amounting to

.

Net increase in amount due depositors

.

.

.

.

.
.

.

$2,240,858 54
2,220,064 32

.

.

.

$191,498 71
192,703 40
1,856,656 43

.

$20,794 22

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
$20,000 Massachusetts 3p£s
30.000 Massachusetts 4s
10.000 California 4s
20.000 Auburn, N. Y., 4s
10.000 Augusta, Me., 4s
137,000 Boston 4s
10.000 Buffalo, N. Y., 4)^s
25.000 Bristol, Conn., 4)is
12.800 Cambridge 4s
10,550 Cambridge 4)4s
25.000 Canton, 0., 5s
25.800 Canton, 0., 5)4s
50.000 Cleveland, 0., 4)4s
12.000 Dayton, 0., 5s
10.000 Decatur, 111., 5s
10.000 Everett 4s
66.000 Grand Rapids, Mich., 4)4s
5.000 Haverhill 4s
29.000 Indianapolis, Ind., 4s
25.000 Kansas City, Mo., 4)4s
20.000 Lawrence 4s
75.000 Los Angeles, Cal., 4)4s
19.000 Minneapolis, Minn., 4J^s
40.000 New Bedford 4s
26.000 New Britain, Conn., 4s
5.000 New London, Conn., 4s
29.000 Newton 4s
20.000 Oakland, Cal., 5)4s
10.000 Oshkosh, Wis., 4)4s
25.000 Portland, Ore., 4)4s
93.000 Portland, Ore., 5s
40.000 Rochester, N. Y., 4J^s
5.000 Saginaw, Mich., 4s
10.000 Saginaw, Mich., 4)4$
34.000 St. Paul, Minn., 4)4s
98.000 Salem 4s
22.000 Salem 4)4s
50.000 Schenectady, N. Y., 4J^s
20.000 Seattle, Wash., 5s
15.000 Spokane, Wash., 4)4s
43.000 Springfield 4s
25.000 Stamford, Conn., 5s
80.000 Syracuse, N. Y., 4)4s
10.000 Terre Haute, Ind., 4s
93,200 Troy, N. Y., 4)4s
62.000 Utica, N. Y., 4)4s
60.000 Waterbury, Conn., 4)4s
25.000 Wilkes-Barre, Pa., 4s
25.000 Wilkes-Barre, Pa., 4)4s

$50,000 Woonsocket, R. I., 4)4s
12.500 Yonkers, N. Y., 5s
25.000 Youngstown, 0., 4)4s
6.000 Abington 4s
8.000 Bedford 4s
18.000 Clinton 4s
25.000 Framingham 4)4s
4.000 Gardner 4s
10.000 Great Barrington 4s
11.000 Hardwick 4s
3.000 Lincoln 4s
12.500 Littleton 4s
40.000 Warwick, R. L, 4)4s
9.000 Shelburne Falls (F. D.) 4s

Public Funds, Notes.
$20,000 Bristol Co. 4)4s

Railroad Bonds.
$23,000 Adirondack Ry. 4J^s
50.000 Baltimore & Ohio 3)4s
10.000 Boston & Albany 4s
50.000 Boston & Albany 4)4s
30.000 Boston & Albany 5s
60.000 Boston & Maine 4)4s
10.000 C., B. & Q. 4s
40.000 Chic., Mil. & St. Paul 6s
20.000 Chicago & Northw. 4s
20.000 Chicago & Northw. 5s
5.000 Chic., R. I. & Pac. 6s
130.000 Cleveland & Pitts. 4)4$
80.000 Concord & Montreal 4s
15.000 Danbury & Norwalk 5s
6.000 Danbury & Norwalk 6s
50.000 Delaware & Hudson 4s
25.000 Fitchburg 4)4s
100.000 Fre., Elk. & Mo. Valley 6s
45.000 Illinois Central 3s
25.000 Illinois Central 4s
25.000 Joliet & No. Indiana 4s
58.000 Kal., Al. & Gr. Rapids 5s
25.000 Kankakee & Southwest 5s
45.000 Louisville & Nashville 4)4s
50.000 Louisville & Nashville 5s
25.000 Louisville & Nashville 6s
49.000 Mahoning Coal 5s
65.000 Maine Central 5s
15.000 Michigan Central 4s
100.000 Michigan Central 5s

D a t e s of E x a m in a t io n , September 2 0 -2 4 inclusive.


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

$60,000 Mil., L. S. & West. 5s
45.000 Mil., L. S. & West. 6s
50.000 Min., St. P. & Sit. Ste. M. 5s
55.000 Montana Cent. 5s
10.000 New Haven & Derby 5s
10.000 N. Y., Lack. & West. 6s
50.000 N. Y., N. H. & H. 4s
10.000 Ohio River 5s
95.000 Old Colony 4s
25.000 Pennsylvania 4)4s
15.000 Pitts., Va. & Charleston 4s
75.000 Ports., Gt. F. & Con. 4)4s
50.000 Rome, Watertown & Og. 5s
15.000 San Fran. & San Joaq. V. 5s
16.000 Schenectady & Duans. 6s
100,000 St. P., Minn. & Man. 4)4s
25.000 Western Pennsylvania 4s
50.000 Wilmar & Sioux Falls 5s

Street Railway Bonds.
$8,000 Boston Elevated 4s
50.000 Boston Elevated 4)4s
50.000 Boston Elevated 5s
20.000 Lynn & Boston 5s
15.000 Old Colony 4s
20.000 West End 4s
75.000 West End 4)4s
25.000 West End 5s
10.000 Western Mass. 5s
5,000 Worcester & Marl. 5s

Bank Stocks.
Shs.
100 Boylston Nl. Bk., Boston
225 First Nl. Bk., Boston
80 Fourth-Atlantic Nl. Bk., Boston
165 Nl. Bk. of Commerce, Boston
300 Nl. Shawmut Bk., Boston
100 Nl. Union Bk., Boston
65 Old Boston Nl. Bk., Boston
125 Second Nl. Bk., Boston
75 State Nl. Bk., Boston
40 Webster & Atlas Nl. Bk., Boston
60 Warren Nl. Bk., Peabody
130 Asiatic Nl. Bk., Salem
25 First Nl. Bk., Salem
200 Mercantile Nl. Bk., Salem
450 Merchants Nl. Bk., Salem
153 Salem National Bk.

296

REPO RT OF TPIE

[Pub. Doc.

SEAMEN’S SAVINGS BANK, PROVINCETOWN.
274 COMMERCIAL STREET.

Incorporated April 14, 1851.

Number of corporators, 43; number of trustees, 12.

L y s a n d e r N. P a in e , President.
W il l ia m H . Y o u n g , Treasurer.
M y r ic k C . Y o u n g , Clerk o f the Corporation.

Board of Trustees: M . C . A t w o o d , H . S. C o o k , A . P . H a n n u m , H . F. H o p k in s , H . P . H u g h e s , J o sep h
M a n t a , G. F. M i l l e b , E . N . P a in e , L. N . P a in e , A . L. P u t n a m , J. B . R ich , W . H . Y o u n g .

B oard o f In vestm ent:

A u ditin g Com m ittee:

H. S. C o o k , A . P. H a n n u m , G. F. M i l l e r , L. N . P a i n e , A . L. P u t n a m .

M . C . A t w o o d , A . P . H a n n u m , J. B . R ic h .

Deposits draw interest from first day of January, April, July and October; dividends are payable the
Friday preceding the third M onday of January and July. Business horn-s: 9 a . m . to 12 m and
1 to 3 P.M.

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
American Tel. & Tel. Co. bond 3
Stocks of banks and trust companies
370 loans on real estate (average of each, $897.07)
159 loans on personal security
.
.
.
.
.
Bank building and fixtures (estimated value, $7,500; assessed value, $7,550)
Real estate by foreclosure, etc. (assessed value, $13,900)
Taxes, insurance, etc., paid on mortgaged properties
Deposits in national banks or trust companies
Cash and cash items

$65,525
42,045
29,200
10,800
4,340
331,917
156,588
5,000
14,266
248
13,015
3,957

00
00
00
00
00
45
50
00
69
44
45
16

Total A s s e t s .......................................$676,903 69

Liabilities.
D ue depositors on 2,159 accounts, averaging $290.89 e a c h ..........................................
{Accounts opened during year, 254; closed, 185; increase, 69)
Surplus: —
a. Guaranty fund {4 .84% ° f deposits; increase during year, $4 A 98)
b. Profit and loss {increase during year, $1,860.25)
.
Current incom e: —
I n t e r e s t ...............................................................................................$10,894 45
Less current expenses not charged off
.
.
.
.
1,486 68


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

$628,038 72

30,433 61
9,023 59

9,407 77

Total Liabilities .

$676,903 69

No. 8.]

297

BANK COMMISSIONER.

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Amount paid for
$1,334.29 $2,636.00
$200.00
C ost per $1,000 of assets
1.97
3 .8 9
.29
C ost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses. Total.
$25.00
$900.25
$5,095.54
.04
1.33
7 .52
..........................................
5 .26

Gross income received during the year, $33,361.09.

Rates on Investments and Loans (Average on All, 5.30%).
Real estate loans (average rate, 5.74 per cent.): 5%, $44,473.50; 5]4,%, $4,000; 5J^%, $79,725; 6%,
$203,718.95.
Personal loans (average rate, 5.22 per cent.): 3 % % , $15,000; 4 M % , $25,000; 4j/o%, $15,000; 5%,
$21,700; 5 ^ % , $1,200; 6%, $78,688.50.
Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.): 3)^% , $5,000; 4% , $82,000;
4 Yt%, $56,000; 5%, $8,825; 6%, $1,200; 8%, $400; 12%, $1,700.

Number of loans not over $3,000 each, 500, amounting to $307,532.45.
66 real estate loans made during year, amounting to $68,632.50.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: Jan., 1915, 1 % %
July, 1915, 2 %
Number of deposits during year, 1,803, amounting to
.

.

Number of withdrawals during year, 2,018, amounting to
Net increase in amount due depositors

.

.

.

.

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

$10,064 22
11,436 53
137,959 70

.

.

$159,460 45
148,91143

.

$10,549 02

.
.

.

.

.

.

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$8,000 Washington Co., Me., 4s
6.000 Bay City, Mich., 4s
10.000 Boston 4s
4.000 Gloucester 4s
10.000 Kansas City, Mo., 4Hs
2.000 Lowell 4s
7,500 Milwaukee, Wis., iy>s
2.000 New Bedford 4s
7.000 Quincy 4)^s
3,0Q0 Provincetown 4J4s

Public Funds, Notes.
Par Value.
$3,500 Provincetown 4}^s
2,525 Provincetown 5s

Railroad Bonds.
$5,000 Boston & Maine 4s
5.000 Boston & Maine 4j4>s
1.000 C., B. & Q. 4s
5.000 Fitchburg 5s
5.000 Illinois Central 3)^s
5.000 Illinois Central 4s
5.000 Lime Rock 4s
7.000 N. Y., N. H. & H. 4s
5.000 Old Colony 4s

D a t e s oe E x a m in a t io n a n d A u d it , August 23-27 inclusive.


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

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 4J^s
10.000 Boston & Northern 4s
10.000 West End 4J^s

Bank Stocks.
Shs.
20 Eliot NI. Bk., Boston
17 Second NI. Bk., Boston
4 Webster & Atlas NI. Bk., Boston
12 Home NI. Bk., Brockton
13 First NI. Bk., Provincetown

[Pub. Doc.

REPO RT OF THE

298

SHELBURNE FALLS SAVINGS BANK, SHELBURNE FALLS.
22 BRIDGE STREET.

Incorporated March 28, 1855.

H e r b e r t N e w e l l , President.

Number of corporators, 25; number of trustees, 11.

W il f r e d S. B a l l , Treasurer.
F r a n k L . R e e d , Clerk of the Corporation.

Board of Trustees: E d w in B a k e r , W . S. B a l l , F. J. C a n e d y , L o r e n zo G r is w o l d , C. W . H a w k s , F.
E. M e r r ic k , H e r b e r t N e w e l l , F. L. R e e d , C. D . S p e n c e r , J. A . W e l l s , M . Z. W o o d w a r d .

Board of Investment: E d w in B a k e r , C . W . H a w k s , W . S. B a l l .

Auditing Committee: H e r b e r t N e w e l l , F. L. R e e d , M . Z. W

oodw ard.

Deposits draw interest from tenth day of January, April, July and October; dividends are payable
April 10 and October 10. Business hours: 9 a .m . to 3 p . m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
.
.
.
.
American Tel. & Tel. Co. bonds
.
.
.
.
.
.
.
.
Stocks of banks and trust companies
.
.
.
.
.
.
.
253 loans on real estate (average of each, $4,039.51) .
.
.
.
.
16 loans on personal security
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $10,000; assessed value, $6,900)
Deposits in national banks or trust companies
.
.
.
.
.
Cash .
.
.
.
.
.
.
.
.
.
.
.
.

Total Assets

.

.

.

$126,500
578,192
120,000
35,645
19,800
1,021,995
13,250
9,000
45,593
628

.
.
.
.
.
.
.
.

.

.

00
10
00
88
00
00
00
00
75
65

$1,970,605 38

Liabilities.
Due depositors on 4,883 accounts, averaging $375.40 each
(Accounts opened during year, SIS; closed, 371; decrease, 58)
Surplus: —
a. Guaranty fund (5.08% of deposits; increase during year, none)
b. Profit and loss (increase during year, $8,004-99)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.


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

.

$1,833,104 41

93,174 68
23,233 92
$21,510 67
418 30
21,092 37

Total Liabilities .

. $1,970,S05 38

299

BANK COMMISSIONER.

No. 8:

Total Expenses for the Year, including State Taxes.
Rent.
State Tax (Net). Salaries.
Am ount paid for
$3,590.15 $2,850.00
$450.00
Cost per $1,000 of assets
1.82
1 .45
.23
C ost per $1,000 of assets not including State tax and rent .

Advertising. Other Expenses.
Total.
$27.00
$1,039.39
$7,956.54
.01
.53
4 .0 4
1.99

Gross income received during the year, $89,609.66.

Rates on Investments and Loans (Average on All, 4.52%).
Real estate loans (average rate, 4.95 per cen t.): 4 % % , 8225,000; 5%, $791,045; 6%, $5,950.
Personal loans (average rate, 5.60 per cent.): 5%, $5,300; 6%, $7,950.
Bonds, stocks, etc. (average rate on amounts invested, 4.02 per cent.): 3%, $10,000; 3J^%, $310,000;
4%, $449,000; 4J^%, $108,500; 6%, $3,000; 7%, $16,800.

Number of loans not over $3,000 each, 208, amounting to $203,745.
33 real estate loans made during year, amounting to $31,550.

Dividends, Deposits and Withdrawals.
$35,761 93
35,497 36
200,640 96

Oldinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 2,732, amounting to

Number of withdrawals during year, 2,918, amounting to
Net decrease in amount due depositors

.

.

.

.
.

.
.

.
.

.
.

.

$271,900 25
285,779 34

.

313,879 09

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 Massachusetts 3]4s
15.000 Belfast, Me., 4s
30.000 Boston 4s
20.000 Chicago, 111., 4s
20.000 Stamford, Ct., 4s
10.000 Taunton 4s
15.000 Shelburne 4s

Public Funds, Notes.
$3,000 Buckland 4)^s
3,500 Shelburne Falls F. D. V/is

Railroad Bonds.
$20,000 Boston & Maine 4s
30.000 Boston & Maine 4Vi>s

Par Value.
$50,000 C., B. & Q. 3 ^ s
25.000 Chi., Mil. & St. Paul 4)^s
10.000 Cleveland & Pitts. 4p^s
10.000 Concord & Montreal 4s
56.000 Fitchburg 4s
12.000 Fitchburg 4Hs
10.000 Illinois Central 3s
90.000 Illinois Central 3}4s
65.000 Michigan Central 3p£s
35.000 N. Y. C. & H. R. 3^s
15.000 N. Y. C. & H. R. 4s
10.000 N. Y. & N. E. Term. 4s
25.000 N. Y „ N. H. & H. 3p£s
30.000 N. Y., N. H. & H. 4s
20.000 Old Colony 4s
15.000 Portland Terminal Co. 4s
10.000 Providence Term. Co. 4s

D a t e of E x a m in a t io n , September 30.


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

Par Value.
$35,000 Sioux City & Pac. 3Ks
10.000 Western Pennsylvania 4s
10.000 Wore., Nash. & R. 4s

Street Railway Bonds,
$75,000 Boston Elevated 4s
25.000 Boston Elevated 4Vils
20.000 Springfield 4s

Bank Stocks.
Shs.
30 First Nl. Bk., Northampton
30 North Adams Nl. Bk.
138 Shelburne Falls Nl. Bk.

300

REPO RT OF THE

[Pub. Doc.

SOMERVILLE SAVINGS BANK, SOMERVILLE.
57 UNION SQUARE.
Incorporated February 24, 1885.

Number of corporators, 41; number of trustees, 20.

J • W a l t e r S a n b o r n , President.
F r e d e r ic W . S t o n e , Treasurer.
T h o m as M il l e r , Clerk of the Corporation.

Board o f Trustees: G. L . B a x t e r , A. F .
L. W . F a r m e r , J. O. H a y d e n , F .
F u lt o n O ’B r io n , A. A. P e r r y , E.
A . P. V i n a l , W . E . W h it n e y , W .

C a r p e n t e r , E . A. D a v e n p o r t , P h il ip E b e r l e , A. B . F a l e s ,
P. L a d d , G. W . L a d d , H. P. M a k e c h n ie , T h o m as M i l l e r ,
D . P il l s b u r y , J. W . S a n b o r n , E . S. S p a r r o w , F . W . S t o n e ,
H. W o o d b e r r y .

Board of Investment: J. W . S a n b o r n , F. P . L a d d , W . E . W

h it n e y ,

A . F. C a r p e n t e r , G . W . L a d d .

Auditing Committee: J. W . Sa n b o r n , T h o m as M il l e r , E . A . D a v e n p o r t .
Deposits draw interest from first day of March, June, September and December; dividends are pay­
able June 15 and December 15. Business hours: 9 a .m . to 1 p .m .; Saturdays, 9 a .m . to 12 m .;
also Mondays, 7 to 9 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
736 loans on real estate (average of each, $2,850.76) .
Less amount due on uncompleted loans .

$517,215
292,001
90,000
54,562
27,362
1,000

89
88
00
50
50
00

1,730,163
82,700
1,127
8,028
123,999
5,783

60
00
78
49
08
58

$1,738,413 60
8,250 00

7 loans on personal security .
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
Premium account
.
.
.
.
.
.
Deposits in national banks or trust companies
Cash and cash items
.
.
.
.
.
.

Total Assets

$2,933,945 30

Liabilities.
Due depositors on 12,194 accounts, averaging $225.44 each
(Accounts opened during year, 1,579; closed, 1,629; decrease, 50)
Surplus: —
а. Guaranty fund (8.85% of deposits; increase during year, $6,900)
б . Profit and loss (increase during year, $3,751.80)
Current income: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Suspense account

.

.

.

.

.

.

.

.

.

Total Liabilities .

$2,749,072 57

106,000 00
25,654 72
01
35
51,100 66
2,117 35

$2,933,945 30

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Am ount paid for
$3,503.22 $5,330.00
$600.00
$71.50
$1,472.70 $10,977.42
Cost per $1,000 of assets
1.19
1.82
.20
.02
.50
3.73
C o st per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .3 4
Gross income received during the year, $130,191.41.


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

No.

BANK COMMISSIONER

301

Rates on Investments and Loans (Average on All, 4.64%).
Real estate loans (average rate, 5.03 per cen t.): 4 H % , $35,500; 5%, $1,551,003.60; 5)^% , $64,000; 6 % ,
$74,260.
Personal loans (average rate, 3.98 per cent.): 3%, $30,000; 4%, $2,700; 4)4% , $20,000; 454%, $10,000;
4 % % , $10,000; 5%, $10,000.
Bonds, stocks, etc. (average rate on amounts invested, 4 per cent.): 354%, $20,000; 3)4% , $292,225;.
4%, $497,350; 4)4% , $4,000; 4)4% , $69,500; 5%, $103,000; 5)4% , $5,000; 7%, $1,000.
Number of loans not over $3,000 each, 580, amounting to $975,103.60.
92 real estate loans made during year, amounting to $275,950.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 2%
Number of deposits during year, 18,359, amounting to

$48,269 64
49,797 00
698,673 83

Number of withdrawals during year, 12,737, amounting to
Net increase in amount due depositors

.

.

.

.
.

.
.

.

$796,740 47
636,658 31

.

.

.

.

$160,082 16

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$30,000 Masachusetts 3)4s
11.000 Massachusetts 4s
10.000 Akron, 0., 5s
5.000 Akron, 0., 5)4s
8.000 Barre, Vt., 3)4s
5.000 Boston 3)4s
41.000 Boston 4s
25.000 Boston 4)4s
4,6C0 Brockton 4s
1.000 Buffalo, N. Y., 7s
5.000 Chicago, 111., 4s
4.000 Chicopee 4s
7.000 Dayton, 0., 5s
5.000 Dubuque, la., 4s
5.000 Fall River 3)4s
7.000 Fall River 4s
13,500 Fitchburg 4s
3.000 Gloucester 4s
10.000 Holyoke 4s
3.000 Indianapolis, Ind., 4s
5.000 Joplin, Mo., 5s
5,250 Lowell 4s
4.000 Lynn 4s
5.000 Malden 3)4s
26.000 Medford 4s
7.000 Milwaukee, Wis., 4s
5.000 Minneapolis, Minn., 3)4s
5.000 Minneapolis, Minn., 4s
20.000 New Bedford 4s
5.000 New London, Ct., 3J4s
4.000 New London, Ct., 4s
5.000 Omaha, Neb., 4)<^s
5.000 Quincy 3p£s

Par Value.
$10,000 Racine, Wis., 5s
5.000 Schenectady, N. Y., 4s
10.000 Somerville 3p£s
19.000 Somerville 4s
5.000 So. Norwalk, Ct., 4s
2.000 Taunton 4s
5.000 Willimantic, Ct., 4s
20.000 Woburn 4s
3.000 Woonsocket, R. L, 4^s
11.000 Youngstown, 0., 5s
1.000 Belmont 4s
3.000 Brooklyn, Ct., 4s
4,500 Longmeadow 4j4s
10.000 Mansfield 4s
15.000 Meriden, Ct., 3)/£s
5.000 Milton 3)^s
1.000 Peabody 4s
4.000 Revere 4)4s
5.000 Saugus 4s
1.000 South Hadley 4J^s
8.000 Stoneham 4s
2.000 Westerly, R. I., 4s
1.000 Whitman 4s
10.000 Augusta, Me. (W. D.), 4s
5.000 Br. & Tops., Me. (W. D.), 4s
5.000 Kennebec, Me. (W. D.), 3Ms
4.000 Van Burén, Me. (W. D.), 4s

Public Funds, Notes.
$4,000 East Bridgewater 4s
3.000 Randolph 4s
10.000 Scituate 4s
20.000 Winchester 3%s
3,225 Winthrop 3)4¡s

D a t e s of E x a m in a t io n , M ay 7 -1 0 inclusive.


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

Railroad Bonds.
Par Value.
$7,000 Bangor & Aroostook 5s
5.000 Boston & Albany 3Hs
30.000 Boston & Albany 4s
2.000 Boston & Maine 4s
13.000 Boston & Maine 4Hs
10.000 Boston, R. B. & L. 4)4>s
15.000 C., B. & Q. 3y2a
10.000 C., B. & Q. 4s
17.000 Concord & Montreal 4s
15.000 Fitchburg 4s
29.000 Illinois Central 3)^s
1.000 Maine Central 5s
2.000 Man., G. B. & Northw. 3)^s
10.000 Michigan Central 3 y s
30.000 N. Y. C. & H. R. 3y2s
30.000 N. Y „ N. H. & H. 3y2s
25.000 N. Y „ N .H . & H. 4s
15.000 No. Maine Seaport 5s
2.000 Old Colony 4s
5.000 Penobscot Shore Line 4s
5.000 Peoria & Northwestern 3}4b
5.000 Providence Term. Co. 4s
10.000 St. J. & L. Champlain 5s
5.000 Sioux City & Pacific 3)^s

Street Railway Bonds.
$10,000 Boston Elevated 4s
8.000 Boston Elevated 4Hs
5.000 Lynn & Boston 5s
45.000 West End 4s
22.000 West End 5s

D a t e s of A u d it , October 28-N ovem ber 2, inclusive .

302

REPO RT OF THE

[Pub. Doc.

SOMERVILLE INSTITUTION FOR SAVINGS, SOMERVILLE.
84

BROADWAY.

Branch Office: Teele Square, West Somerville.
Incorporated M arch 9, 1910.

N

ath an

H . R eed,

Number of corporators, 59; number of trustees, 17.

President.

R a y R . R id e o u t ,

T h om as L . D a v is ,

Treasurer.

Clerk of the Corporation.

Board of Trustees: J. M . A n d b e w s , F . L . C o b u r n , T . L . D a v i s , W i l l i a m F l e m in g , E l l s w o r t h F i s k ,
W . W . K e n n a r d , G. S. L o v e j o y , J. H. M a g u i r e , J. S. P i k e , E . L . P r i d e , N. H. R e e d , R . R .
R i d e o u t , F . M . R o g e r s , C . L . S h e a , J. C . H. S n o w , W . L . S n o w , F . F . S t o c k w e l l .
Board of Investment: N . H . R e e d , J. M . A n d r e w s , J. S. P i k e , W . L. S n o w , F. F. S t o c k w e l l .
Auditing Committee: E . L . P r i d e , W

il l ia m

F l e m in g ,

J. S. P i k e .

Deposits draw interest from tenth day of January, April, July and October; dividends are payable
third Saturday of April and October. Business hours: 9 a . m . to 12 m .; 2 to 4 p .m .; also Sat­
urdays, 7 to 8.30 p .m .; Saturdays, during July and August, close at 12 m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Street railway bonds
.
.
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
58 loans on real estate (average of each, $2,806.03) .
2 loans on personal security
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
Deposits in national banks or trust companies
.
Cash and cash items
.
.
.
.
.
.

.
.
.
.

.
.
.
.
.
.
.
.

.
.
.
.
.

.
.
.
.
.

.

.
.

.

Total Assets

.

.

.

.

.
.

.

.

.

.

.
.

.

.

.

.
.

.

.

.
.
.
.
.

.
.

.

.

.
.
.
.
.

$10,449
18,387
16,994
4,451
162,750
15,000
900
2,838
1,853

10
50
00
25
00
00
00
90
41

$233,624 16

Liabilities.
Due depositors on 4,301 accounts, averaging $53.22 each
(Accounts opened during year, 1,915; closed, 737; increase, 1,178)
Surplus: —
a. Guaranty fund (.90% of deposits; increase during year, $560)
b. Profit and loss (increase during year, $596.18)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
Unearned discount


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

.

.

.

.

.

.

.

$228,923 21

2,070 00
2,227 09
$96 87
30 58
-----------

.

Total Liabilities .

.

.

.

.

66 29
337 57

$233,624 16

303

BANK COMMISSIONER.

No. S.]

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Advertising. Other Expenses. Total.
Amount paid for
$295.65
$685.00
$199.92
$122.11
$646.97
$1,949.65
Cost per $1,000 of assets
1.26
2.93
.85
.52
2 .7 7
8 .3 3
Cost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
6.22

Gross income received during the year, $11,122.29.

Rates on Investments and Loans (Average on All, 5.26%).
Real estate loans (average rate, 5.54 per cent.): 5%, $15,200; 5}£%> $24,200; 5J^%, $83,800; 6%,
$39,550.
Personal loans (average rate, 4.42 per cent.): 4V£%, $5,000; 414%, $10,000.
Bonds, stocks, etc. (average rate on amounts invested, 4.61 per cen t.): 4% , $33,000; 4Vi%, $5,000; 5%,
$10,000 ; 5H % , *5,000.

Number of loans not over $3,000 each, 35, amounting to $68,850.
12 real estate loans made during year, amounting to $43,300.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2 %
Number of deposits during year, 8,878, amounting to
.

.

Number of withdrawals during year, 2,572, amounting to
Net increase in amount due depositors

.

.

.

.
.
.
.
.
$3,508 65
.......................................... 3,916 55
.
.
.
121,168 26

.
.

.
.

.

.

.

.

.

$128,593 46
92,409 30

.

$36,184 16

SCHEDULE OF SECURITIES OWNED.
Railroad Bonds.

Public Funds, Bonds.
Par Value.
$5,000 Boston 4s
5,000 Oakland, Cal., SVVs

D

ate

op

E x a m in a t io n ,


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

Par Value.
$2,000 Boston & Maine 4s
5.000 Chic., Mil. & St. Paul 4Vis
10,000 N. Y. C. & H. R. 4s
3.000 N. Y., N. H. & H. 4s

April 2 3 .

Street Railway Bonds.
Par Value.
$10,000 Boston Elevated 5s
4.000 Boston & Northern 4s
4.000 Old Colony 4s

304

REPO RT OF THE

[Pub. Doc.

SOUTH ADAMS SAVINGS BANK, ADAMS.
26 CENTRE STREET.
Incorporated M ay 1, 1869.
F r a n c is

E. M

ole,

Number of corporators, 33; number of trustees, 11.

President.

G eorge
W

il l ia m

Orr,

H. H o l d e n , Treasurer.

Clerk of the Corporation.

Board o f Trustees: I. S. B a l l , N. H . B i x b y , G. Z. D e a n , A. S. H a r r i n g t o n , G. H . H o l d e n , F. E .
M o l e , W . S. M o r t o n , W i l l i a m O r r , C. F. S a y l e s , A. H. S i m m o n s , C . F . S m i t h .
Board o f Investment: N . H . B i x b y , A . S. H a r r i n g t o n , F. E . M
Auditing Committee: C . F . S m i t h , A . H. S i m m o n s , W

il l ia m

ole,

W . S. M

orton,

C. F. S m i t h .

Orr.

Deposits draw interest from first day of January, April, July and October; dividends are payable
January 1 and July 1. Business hours: 9 a . m . to 12.30 p . m .; 1.30 to 3 p .m .

STATEMENT OF CONDITION, OCTOBER 30, 1915.
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
.
.
.
.
512 loans on real estate (average of each, SI ,4-77.32) . . .
56 loans on personal security
.
.
.
.
.
Furniture and fixtures .
.
.
.
.
.
.
Real estate b y foreclosure, etc. (assessed value, $6,100)
Deposits in national banks or trust companies
.
.
Cash and cash items
.
.
.
.
.
.
.

.
.
.
.
.
.

.
.
.
.
.
.

.
.

.
.
.

.

$440,954
336,668
120,031
4,700
23,127
19,000
756,387
59,305
4,000
5,168
31,303
4,057

.
.

Total Assets

84
75
50
00
50
00
77
55
00
67
34
7S

$1,804,705 70

Liabilities.
Due depositors on 4,055 accounts, averaging $423.95 each
{Accounts opened during year, 529; closed, 490; increase, 39)
Surplus: —
a. Guaranty fund {4.34% o f deposits; increase during year, S4,400)
b. Profit and loss {increase during year, $1,343.48)
Current incom e: —
Interest
.
.
.
.
.
.
.
.
.
.
Less current expenses not charged off
.
.
.
.
Insurance suspense account .

.

.

.

.

.

.

Total Liabilities .

$1,719,115 58

74,675 00
9,139 48
$2,664 70
1,342 54
1,322 16
453 48

.

.

.

.

.

$1,804,705 70

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent.
Am ount paid for
$3,937.29
$3,496.00
$637.08
Cost per $1,000 of assets
2 .1 8
1.94
.35
Cost per $1,000 of assets not including State tax and rent .
Gross income received during the year, $75,301.85.


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

Advertising. Other Expenses. Total.
$869.57
$8,987.19
$47.25
.03
.48
4 .98
2.45

305

BANK COMMISSIONER

No. S .].

Rates on Investments and Loans (Average on All, 4.69%).
Real estate loans (average rate, 5.13 per cent.): 5%, $654,202.77; 6%, $102,185.
Personal loans (average rate, 5.36 per cen t.): 4V£%, $5,000; 5%, $30,260.58; 6%, $24,044.97.
Bonds, stocks, etc. (average rate on amounts invested, 4.27 per cent.): 3Vi%, $147,120; 3 % % , $4,000;
4%, $491,170; 4 M % , $5,000; 4 K % , $137,000; 5%, $128,700; 5% % , $13,900; 6%, $25,600; 7%,
$3,300; 8%, $1,000.
Number of loans not over $3,000 each, 532, amounting to $524,422.50.
74 real estate loans made during year, amounting to $84,935.

Dividends, Deposits and Withdrawals.
Ordinary dividends declared during year: D ec., 1914, 2%
June, 1915, 2%
Number of deposits during year, 3,874, amounting to

$32,859 15
33,112 74
270,339 95

Number of withdrawals during year, 3,150, amounting to

$336,371 84
321,028 30

Net increase in amount due depositors

.

.

.

.

.

.

.

.

$15,343 54

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$10,000 California 4s
800 Attleboro 4s
5.000 Augusta, Me., 4s
8.000 Boston 3Vis
5.000 Boston 4s
5.000 Bristol, Conn., 4V£s
6,620 Buffalo, N. Y., 3Vis
3,900 Canton, 0., 5Vi>s
5.000 Chelsea 3Vis
5.000 Chelsea 4s
5.000 Chicopee 4s
2.000 Danbury, Conn., 3Vis
10.000 Dayton, 0., 4pis
4.000 Dayton, 0., 5s
5.000 Des Moines, la., 4s
5.000 Fall River 4Vis
1.000 Fitchburg 4s
5.000 Joplin, Mo., 5s
10.000 La Crosse, Wis., 4s
25.000 Los Angeles, Cal., 4Vis
4,165 Lowell 4s
5.000 Melrose 4s
20.000 Minneapolis, Minn., 4s
7.000 New Bedford 4s
20.000 New Britain, Conn., 4s
10.000 Oakland, Cal., 5Vis
5.000 Omaha, Neb., 4Vis
5.000 Oshkosh, Wis., 4Vis
15.000 Portland, Ore., 4s
20.000 San Francisco, Cal., 5s
3.000 Seattle, Wash., 4s
1.000 Seattle, Wash., 5s
5.000 Spokane, Wash., 4Vis
5.000 Springfield, Mo., 5s
5.000 Springfield, O., 5s
10.000 Stamford, Ct., 4s
3.000 Utica, N. Y., 4Vis
10.000 Wilkes-Barre, Pa., 4Vis
10.000 Youngstown, O., 4Vis
5.000 Agawam 4Vis
D ates

of

E x a m in a t io n ,


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

Par Value.
$5,000 Ashland 4s
2.000 Hadley 4s
9.000 Mansfield 4s
10.000 Norwalk, Ct., 4s
5.000 North Attleboro 4s
10.000 Shelburne Falls 4s
8.000 Sudbury 4s
4.000 Stoneham 4s
2.000 Swampscott 4s
4.000 Uxbridge 4s
7.000 Warwick, R. I., 4Vis
5.000 Westerly, R. I., 3Vis
10.000 Kennebec, Me. (W. D.), 3Vis

Public Funds, Notes.
$14,000 Berkshire Co. 4s
10.000 Berkshire Co. 4Vis
9.000 Adams 4s
4.000 Cheshire 3%s
.3,500 Cheshire 4s
18,625 Dedham 4s
1,880 Revere 4s
5,200 Scituate 4s
3.000 Ware 4s

Railroad Bonds.
$5,000 Baltimore & Ohio 3Vis
5.000 Bangor & Aroostook 5s
15.000 Boston & Albany 3Vis
15.000 Boston & Albany 4s
10.000 Boston & Albany 5s
5.000 Boston & Lowell 4s
5.000 Boston & Maine 3Vis
25.000 Boston & Maine 4s
10,600 Burlington & M. R. 6s
25.000 C., B. & Q. 3Vis
5.000 Chic., Mil. & St. Paul 4s
10.000 Chic., Mil. & St. Paul 4Vis
5.000 Chicago & Northwestern 4s
15.000 Chicago & Northwestern 6s
December 7, 8.

Par Value.
$15,000 Delaware & Hudson Co. 4s
20.000 Fitchburg 4s
5.000 Fitchburg 5s
5.000 Gt. Northern 4Ms
20,500 Illinois Central 3Vis
10.000 Illinois Central 4s
5.000 Minn., St. P. & Sit. St. M. 4s
15.000 N. Y. C. & H. R. 4s
20.000 N. Y „ N. H. & H. 3Vis
10.000 N. Y „ N. II. & H. 4s
10.000 No. Maine Seaport 5s
5.000 Norwich & Worcester 4s
5.000 Old Colony 4s
5.000 Pennsylvania 4Vis
10.000 Penobscot Shore Line 4s
10.000 Portland Terminal Co. 4s
10.000 Sioux City & Pacific 3Vis
5.000 Washington Co. 3Vis

Street Railway Bonds.
$10,000 Boston Elevated 4s
10.000 Boston Elevated 4Vis
5.000 Boston Elevated 5s
15.000 Boston & Northern 4s
10.000 Hoosac Valley 4s
10.000 Hoosac Valley 5s
5.000 Old Colony 4s
20.000 West End 4s
7.000 West End 4Vis
30.000 West End 5s

Bank Stocks.
Shs.
132 First Nl. Bk., Adams
10 Conway Nl. Ilk.
12 Lee Nl. Bk.
5 Lenox Nl. Bk.
21 North Adams Nl. Bk.
5 Third Nl. Bk., Pittsfield
5 Williamstown Nl. Bk.

306

REPORT OF THE

[Pub. Doc.

SOUTH BOSTON SAVINGS BANK, BOSTON.
3S8 BROADWAY (SOUTH BOSTON DISTRICT).
Incorporated March 30, 1863.
G eorge

Number of corporators, 72; number of trustees, 22.

A. T y l e r , President.
E d w in

H enry

C. M

it c h e l l ,

Treasurer.

B. G a l l a g h e r , Clerk of the Corporation.

Board of Trustees: E. H. B a k e r , E . S. B o l a n d , G. H. B o n d , It. M . B o w e n , J. P. B r a d l e y , E. A.
C h u r c h , J. H. C o r n e l ', C. T. G a l l a g h e r , R . E. H a r r i s o n , F. C. H e r s e y , A. H. J a m e s , G. F .
L a w l e y , J. A. M i t c h e l l , C. M . N i c h o l s , J. C . N ic h o l s , C. H. S l a t t e r y , W . H. H. S o u l e ,
J. L . S p a u l d i n g , Jr., W . P. S t o n e , G. A . T y l e r , J. J. W a l l , A. H. W h i t e .
Board of Investment: G. A . T y l e r , C. T . G a l l a g h e r , G. H. B o n d , J. A. M
J. C. N i c h o l s , J. L. S p a u l d i n g , Jr., A. H. W h i t e .

it c h e l l ,

E. H. B a k e r ,

Auditing Committee: F. C. H e r s e y , W . P. S t o n e , A. H. Ja m e s , C. H. S l a t t e r y .
Deposits draw interest from the third W ednesday of January, April, July and October; dividends are
payable the first day of M ay and November. Business hours: 9 a . m . to 3 p . m .; Saturdays, 9 a . m .
to 12 m ., also M ondays, for deposits only, 7 to 9 p . m .
*

STATEMENT OF CONDITION, OCTOBER 30, 1915.
Assets.
Public funds, bonds and notes
.
.
.
.
Railroad bonds and notes
.
.
.
.
.
Boston Terminal Co. bonds .
.
.
.
.
American Tel. & Tel. C o. bonds
.
.
.
.
Stocks of banks and trust companies
.
.
.
Securities acquired in settlement of indebtedness
.
1,741 loans on real estate (average of each, $2,478.90)
Less amount due on uncompleted loans .
.
.

.

.

.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
$4,324,867 00
.
.
.
9,100 00
— — ---------—
72 loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank building and fixtures (estimated value, $64,000; assessed value, $64,000)
.
.
Real estate b y foreclosure, etc. (assessed value, $600)
.
.
.
.
.
.
Taxes, insurance, etc., paid on mortgaged properties
.
.
.
.
.
.
Deposits in national banks or trust companies
.
.
.
.
.
.
.
Cash and cash items
.
.
.
.
.
.
.
.
.
.
.
.
.

.
.
.

.

.

.
.
.

.

.

.
.
.

.

.
.
.
.

$1,296,050
1,081,568
150,000
40,387
15,700
9,027

00
75
00
50
00
63

4,315,767
1,980,650
50,000
852
635
280,053
19,032

00
00
00
34
39
06
41

Total A s s e t s ...................................... $9,245,724 08

Liabilities.
Due depositors on 28,670 accounts, averaging $299.53 each
.
.
.
.
.
(Accounts opened during year, 3,109; closed, 2,984; increase, 125)
Surplus: ■
—a. Guaranty fund (J.93% of deposits; increase during year, $13,536)
.
.
.
b. Profit and loss (increase during year, $36,735.17) .
.
.
.
.
.
Current income: ■—•
a. Interest .
.
.
.
.
.
$12,150 42
b. Rent
.
.
.
.
.
.
.
33 34
----------------------$12,183 76
Less current expenses not charged off
.
.
$1,606 73
Less State or local taxes not charged off .
.
1,284 94
----------------------2,891 67
-----------------------


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

Total Liabilities .

$8,587,634 08

424,186 00
224,611 91

9,292 09

. $9,245,724 08

No. 8.]

BANK COMMISSIONER.

307

Total Expenses for the Year, including State Taxes.
State Tax (Net). Salaries.
Rent. Advertising. Other Expenses.
Total.
Amount paid for
$14,770.98 $18,866.50 $1,800.00
$32.25
$6,576.01
$42,045.74
C ost per $1,000 of assets
1.60
2 .0 4
.19
—
.71
4.54
C ost per $1,000 of assets not including State tax and rent .
.
.
.
.
.
2 .75
Gross income received during the year, $413,178.95.

Rates on Investments and Loans (Average on All, 4.60%).
Real estate loans (average rate, 5.01 per cent.): 5%, $4,259,057; 5M % . $8,175; 6%, $48,535.
Personal loans (average rate, 4.51 per cen t.); 4 M % , $317,000; 4J^%, $25,000; 4H%p $1,435,900; 4M%>
$71,250; 5%, $106,500; 6%, $25,000.
Bonds, stocks, etc. (average rate on amounts invested, 3.99 per cent.): 3%, $25,000; 3)4% , $911,000;
4%, $1,318,000; 4M % - $7,050; 4)4% , $120,000; 5%, $158,200; 7%, $50,000; 8%, $10,000; 10%,
$900; 12%, $1,800; 14%, $800.
Number of loans not over $3,000 each, 1,172, amounting to $1,940,317.
107 real estate loans made during year, amounting to $312,100.

Dividends, Deposits and Withdrawals.
$157,262 61
159,375 71
1,546,774 27

Ordinary dividends declared during year: April, 1915, 2%
Oct., 1915, 2%
Number of deposits during year, 36,450, amounting to

$1,863,412 59
1,560,954 72

Number of withdrawals during year, 28,476, amounting to

$302,457 87

Net increase in amount due depositors

SCHEDULE OF SECURITIES OWNED.
Public Funds, Bonds.
Par Value.
$25,000 Massachusetts 3s
125.000 Massachusetts 3J4s
70.000 Massachusetts 4s
10.000 Hampden County 4s
5,0C0 Middlesex County 4s
50.000 Boston 3Ms
355.000 Boston 4s
55.000 Cambridge 3Ms
16.000 Dayton, 0., 5s
20.000 Everett 4s
20,010 Fall River 3)4s
10.000 Haverhill 4s
10.000 Holyoke 4s
20.000 Lowell 4s
20.000 Malden 4s
60.000 New Bedford 4s
5.000 Newton 4s
28.000 Quincy 3Ms
25.000 Somerville 3Ms
60.000 Springfield 3Ms
25.000 Waltham 3Ms
50.000 Worcester 4s
20.000 Arlington 4J4s
5.000 Belmont 3Ms
10.000 Belmont 4s
25.000 Concord 4s
D ates

o f

E x a m in a t io n ,


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

Par Value.
$30,000 Ipswich 4s
13.000 Lincoln 3Ms
20.000 Marloorough 4s
8.000 Norwood 4s
5.000 Orange 4s
10.000 Rockport 4s
35.000 Swampscott 3Ms
4.000 Watertown 4s
10.000 Winchester 4s
30.000 Augusta, Me. (W. D.), 4s

Public Funds, Notes.
$7,050 East Bridgewater 4Ms

Railroad Bonds.
$50,000 Boston & Albany 3Ms
100,000 Boston & Albany 4s
25.000 Boston & Lowell 3Ms
25.000 Boston & Maine 4Ms
80.000 C., B. & Q. 4s
25.000 Cleveland & Pitts. 3Ms
25.000 Connecticut River 3Ms
20.000 Danbury & Norwalk 5s
25.000 Fitchburg 3Ms
50.000 Fitchburg 4s
February 23-26 inclusive.

Par Value.
$75,000 Illinois Central 3Ms
25.000 Illinois Cenhal 4s
10.000 Iowa, Minn., & N. W. 3Ms
25.000 New England 4s
60.000 N. Y. C. & H. R. 3Ms
25.000 N. Y „ N. II. & H. 3Ms
60.000 N. Y., N. H. & H. 4s
14.000 Norwich & Worcester 4s
40.000 No. Maine Seaport 5s
75.000 Old Colony 4s
25.000 Peterborough & Hills. 4Ms
50.000 Ports., Gt. Falls & C. 4Ms
50.000 St. Johnsbury & L. C. 5s
12.000 Sullivan County 4s
50.000 Troy & Boston 7s
30.000 Wilmar & Sioux Falls 5s
35.000 Worcester, N. & R. 4s

Bank Stocks.
Shs.
8 First Nl. Bk., Boston
9 Merchants Nl. Bk., Boston
75 Nl. Bk. of Commerce, Boston
22 Old Boston Nl. Bk., Boston
18 Second Nl. Bk., Boston
100 Webster & Atlas Nl. Bk., Boston
14 Winthrop Nl. Bk., Boston

308

REPORT OF THE

[Pub. Doc,

SOUTHBRIDGE SAVINGS BANK, SOUTHBRIDGE.
69 MAIN STREET.
Incorporated April 20, 1848.

C a l v in

Number of corporators, 65; number of trustees, 21.

D . P a i g e , President.

C har les

R o be r t A . B e c k w it h ,

A . C h a p m a n , Treasurer.

Clerk of the Corporation.

Board of Trustees: R . A . B e c k w i t h , J o n a s B e m i s , A l e x i s B o y e r , W . W . B u c k l e y ', E. L . C h a p i n ,
C . A . C h a p m a n , J. M . C o c h r a n , G e o r g e G r a n t , H . C . G r i m w a d e , F r a n k H a r t l e y , C . F .
H i l l , C . W . H i l l , J. F . L a r i v i e r e , W . C . L e w i s , C . D . P a i g e , J. E. P a i g e , S. D . P e r r y , C .