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Public Document No. 8 ANNUAL REPORT OF THE \ -o BANK COMMISSIONER. 1916. P A T I T . -î ïp* j *l j SAVINGS BANKS, INSTITUTIONS FOR SAVINGS, TRUST COMPANIES AND FOREIGN BANKING CORPORATIONS. BOSTON: W R IG H T & PO TTER P R IN T IN G CO., STA TE PRIN TER S, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 32 D E R N E STR EET. 1917. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis •* * f. I Z *• ' w 3?UBSICf\flÌC0Sr*pt, * .T Ì Ì I ^ * P o C U M E N T ; ; . JVJ$»QQV.ED.BY. ¿THE • .fjfjtjS Îiÿ Îp O ji» b í ’^ D M I N íS T ^ A T I O N . 3 3 a , s IA S S ' I '• ^ , o X 1^ ®i)e liommomocctltl) of iflassadnisctts. 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 17, 1917. of th e To the General Court o f Massachusetts. • i-/ I J I ° ) , The annual report of this department is herewith submitted under the requirements of section 15, chapter 590, Acts of 1908, and exhibits the condition of savings banks, co-operative banks, credit unions and savings and loan associations as disclosed by their annual returns of October 31, 1916, and also of trust companies at the date of each of the five calls during the past year. The complete report to be rendered later will, as heretofore, consist of two parts: Part I. relating to savings banks and trust companies, and Part II. relating to co-operative banks, credit unions, and savings and loan associations. The customary consolidated statements covering transactions of savings banks and trust com panies follow this report. G e n e r a l St a t e m e n t . The aggregate assets of the various companies or individuals under the supervision of the department, compiled from their last reports, are as follows: — Increase. Assets. 196 savings banks, . . . . . . 91 trust companies: — In their commercial departments, In 56 savings departments, In 39 trust departments, . . . . 183 co-operative banks, . . . . . 3 savings and loan associations, Massachusetts Hospital Life Insurance Company, . 1 foreign banking corporation, . . . . 53 credit unions, . . . . . . 88 steamship agents, receiving deposits of, . 616 institutions and agents under the supervision of this department, . . . . . Total increase ( 2 5 ) . . . . . 1 Increase for the combined departments. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,078,282,174 13 514,257,082 44,231,327 101,869,633 113,305,907 2,067,428 30,987,835 1,722,237 816,443 1,796,208 30 12 46 40 12 87 35 08 57 $72 690,532 20 ] 196 762,931 J 11 762,589 167,813 267,040 17,304 * 384,843 708,084 99 1 85 18 87 91s 60 57 $1,889,336,277 40 $182,726,531 35 * Decrease. IV REPO RT OF THE [Pub. Doc. The 196 savings banks doing business report assets amounting to over $1,078,000,000 and deposits amounting to over $997,000,000, represented by 2,457,269 accounts, an average of $406.02 to each account. During the year there has been placed to the credit of depositors more than $36,785,000 in dividends. The guaranty fund amounting to $47,108,302.92, is 4.72 per cent, of the amount of deposits. The increase in the deposits has been nearly $69,000,000; this is almost double the amount of the increase in any previous year. Such a marked increase is significant. There are 91 trust companies with combined assets of $660,358,042.88, of which $514,257,082.30 are the assets of their commercial banking departments, $44,231,327.12 the assets of their savings de partments and $101,869,633.46 the assets of their trust departments. There are now 183 co-operative banks doing business in this Com monwealth with total assets of about $113,305,000, belonging to 236,760 shareholders. There are 53 credit unions doing business, with aggregate assets of $816,443.08, showing an increase during the past year of $384,843.60 in assets and of 6 in number. The combined assets of the savings banks, the trust companies and the co-operative banks, together with the Massachusetts Hospital Life Insurance Company and the branch of the Bank of Nova Scotia, all of which are under the supervision of this department, amount to $1,884,656,197.63. This is an increase of more than $181,465,790 since a year ago. The number of depositors and shareholders who have availed themselves of these banking facilities is more than 50,000 greater than a year ago. In addition to these 472 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 53 credit unions whose affairs are super vised and whose books and accounts are examined, making a total of 616 institutions and agents under the supervision of this department. In the report for 1915, reference was made to the enlarged scope and increasing duties of this department. It is a satisfaction to state that the 60 savings banks which asked this department to audit their accounts under the provisions of chapter 629 of the Acts of 1912 again availed themselves of this privilege, and 9 savings banks which were formerly audited by certified public accountants https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. v have had that work done by the department. Forty-seven trust companies have been audited by the department under the provisions of chapter 409 of the Acts of 1913. There has been paid over to the Treasurer and Receiver-General during the year more than $35,000, which has been received by this department for the fees for the audits, license fees from steamship agents and registration of public accountants. L afayette Savings B a n k . During the past year the affairs of this bank have been finally adjusted, and by the authority of the Supreme Judicial Court the Bank Commissioner paid a dividend of 87 per cent., amounting to $8,025.62, to the depositors, whose claims aggregated $9,224.82. W ales Savings B a n k . It had been expected that the affairs of this bank, which is in voluntary liquidation, would have been settled during the past year. Owing to a delay in settling an estate it has not been accomplished. Upon the settlement of the estate in question it is probable that the depositors will receive a further small final dividend. The depositors in this bank have already received the full amount of their deposits. T kust C ompanies . Following is a list of trust companies which have commenced business during the year 1916: — Canton Trust Company. Melrose Trust Company. Equitable Trust Company. Middleborough Trust Company. Gardner Trust Company. Natick Trust Company. Hanover Trust Company. Revere Trust Company. Hingham Trust Company. Stoneham Trust Company. Hyannis Trust Company. Wakefield Trust Company. H yde Park Trust Company. W eym outh Trust Company. Jamaica Plain Trust Company Permission has been granted by the Board of Bank Incorporation to the following trust companies to establish branch offices: — https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Gardner Trust Company. H yde Park Trust Company. Tremont Trust Company. [Pub. Doc. R E PO R T OF THE VI This department, in connection with and in addition to the usual examination of trust companies, has audited the books and accounts of 47 companies, which by their stockholders’ examining committees availed themselves of the provisions of chapter 409 of the Acts of 1913. Applications have been received by the Board of Bank Incorpora tion from the stockholders of the Norwood National Bank and the Ware National Bank for certificates to be established as trust com panies. 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 certifi cate that public convenience and advantage would be promoted by the establishment of trust companies in place thereof. Certificates were issued by the same Board to the following trust companies that public convenience and advantage would be pro moted by the establishment of said trust companies, but said com panies have not commenced business at the close of this year: — Bristol County Trust Company. Citizens Trust Company of Gardner. Hadley Falls Trust Company. Walpole Trust Company. M atured Shares in C o- operative B anks . 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 14,052 shares, valued at $2,810,400. These matured shares, upon which no periodical payment of dues is required, are represented by matured share cer tificates, 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 op the A ffairs G eneral of the of the T reasurer and R eceiver - C ommonwealth . 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. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. V ll 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 ness August 19. The expense of making these two examinations, and each time verifying about $60,000,000 in cash and securities in the treasury of the Commonwealth, has aggregated nearly $400. These examinations, but one of which is imposed by law upon this depart ment, are now considered regular duties. Savings B ank L ife I nsurance . The eighth full financial year of Savings Bank Life Insurance ended October 31, 1916. 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, 1916, 4,733 policies, representing $2,178,805 of insurance. The net gain is 3,138 policies for $1,693,836 of insurance. There were in force in all four banks on October 31, 1916, 14,030 policies for $6,035,041 insurance, with annuities representing annual payments of $32,150. 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 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis V ili REPO RT OF THE [Pub. Doc. rendered absolutely without compensation to the employer, while 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 250 agencies in mills, shops and factories; there are 44 savings bank public agencies, 18 in trust companies, 1 in a national bank, and 13 other public agencies. The public agencies in banks and trust companies are: — Assabet Institution for Savings, M a y nard. Greenfield Savings Bank. Grove H all Savings Bank, Boxbury. Attleboro Trust Company. Haydenville Savings Bank. Belmont Savings Bank. Holyoke Savings Bank. Beverly Savings Bank. Hudson Savings Bank. Beverly Trust Company. H yde Park Savings Bank. Bridgewater Savings Bank. Lawrence Savings Bank. Brighton Five Cents Savings Bank. Ludlow Savings Bank. Cambridge Trust Company. Malden Trust Company. Cambridgeport Savings Bank. Marlborough Savings Bank. Cape Ann Savings Bank, Gloucester. Melrose Savings Bank. Central National Bank, Lynn. Merrimac Savings Bank. Charlestown Trust Company. Middleborough Trust Company. Chicopee Savings Bank. Monson Savings Bank. Chicopee Falls Savings Bank. Natick Five Cents Savings Bank. Cosmopolitan Trust Company, Boston. Needham Trust Company. County Savings Bank, Chelsea. Newburyport Five Cents Savings Bank. East Bridgewater Savings Bank. Newton Trust Company. East W eym outh Savings Bank. North Adams Savings Bank. Essex Trust Company, Lynn. North Middlesex Savings Bank, Ayer. Everett Trust Company. Palmer Savings Bank. Florence Savings Bank. Plymouth Five Cents Savings Bank. Foxborough Savings Bank. Provident Framingham Trust Company. Institution for Amesbury. Gardner Savings Bank. Quincy Trust Company. Great Barrington Savings Bank. Randolph Trust Company. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Savings, No. 8.] BAN K COMMISSIONER. IX Rockland Savings Bank. W altham Trust Company. Salem Safe Deposit and Trust Com W are Savings Bank. pany. Shelburne Falls Savings Bank. W a s h in g to n Savings Institution, Lowell. South W eym outh Savings Bank. Webster Savings Bank. Stoneham Five Cents Savings Bank. W eym outh Savings Bank. Tremont Trust Company, Boston. Woronoco Savings Bank, Westfield. Union Trust Company, Springfield. Chapter 246 of the Acts of 1914 amended section 15 of chapter 561 of the Acts of 1907 by requiring the mortality experience of all savings and insurance banks to be averaged and unified, so that it makes no difference in what bank a death occurs, it is distributed over all banks. This applies only to the mortality experience and is in the 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, 1915, to October 31, 1916, three of the savings banks with insurance departments are pay ing to their policy holders extra dividends in addition to the regular dividends. These extra dividends are 50 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. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF TH E X [Pub. Doc. School Savings B anks . The law relative to the collection of savings from school children has now been in force for five years. On October 31, 1916, there were 61 savings banks receiving deposits of this nature. The reports of these banks show that deposits are being received from 491 schools located in 66 cities or towns, the system being operated in 3,629 schoolrooms. The total number of enrolled scholars in the 491 schools on October 31, 1916, was 149,779, and 70,968 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 : — Number of deposits received from the inception of the system to October 31, 1 9 1 6 , ..................................................................................... 2,617,151 Amount of such d e p o s i t s , ............................................................................ $903,846 93 Number of deposits received during the year ending October 31, 1916, ................................................................................................................. 649,055 Amount of deposits received during the year ending October 31, 1916, ................................................................................................................. $233,843 59 Number of withdrawals (not including amounts transferred to savings bank pass books) from the inception of the system to October 31, 1 9 1 6 , ..................................................................................... Am ount of such w i t h d r a w a l s , .................................................................. 100,316 $198,412 37 Number of such withdrawals during the year ending October 31, ................................................................................................................. 24,197 Am ount of such w i t h d r a w a l s , .................................................................. 1916, $48,938 36 Am ount to the credit of depositors in the school savings banks on October 31, 1 9 1 6 , ..................................................................................... $86,906 33 Number of scholars to whom savings bank pass books have been issued from the inception of the system to October 31, 1916, Number to whom pass books have been issued during the year ending October 31, 1 9 1 6 , ............................................................................ 78,965 16,153 Am ount of deposits transferred from school savings banks to savings bank pass books from the inception of the system to October 31, 1 9 1 6 , ..................................................................................... $617,098 32 Am ount so transferred during year ending October 31, 1916, $169,784 52 Dividends credited to school savings accounts during year end ing October 31, 1 9 1 6 , ..................................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,029 72 BAN K COMMISSIONER. No. 8.] xi C ertified P ublic A ccountants. The eighth examination of applicants for certificates as public accountants was held on October 13, 14, 16 and 17, 1916, when 79 persons presented themselves for examination. These examinations are conducted by a Board of Examiners, appointed by and acting in conjunction with the Bank Commissioner, but as the Board has not yet rendered its report, the result of the last examination cannot be given at this time. On December 31, 1916, there were 133 ac countants holding certificates of registration under the laws of this Commonwealth. B oard of B ank I ncorporation. This Board, consisting of the Bank Commissioner, Treasurer and Receiver-General and the Commissioner of Corporations, is consti tuted by chapter 590, Acts of 1908, to pass upon all applications for the establishment of domestic banking corporations. During the year 1916 the Board has held 47 meetings and heard 66 applica tions, and has visited 14 localities in which it was desired to estab lish such corporations or branch offices. Forty applications were granted, 23 were refused and 3 held in abeyance. These hearings have been upon 1 application for a new savings bank, 27 applications for new trust companies, 11 applications for new co-operative banks and 8 applications for new credit unions, beside 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 1915 and held in abeyance at the time of the last report. C redit U nions . Credit unions making report to this department as at close of business October 31, 1916, numbered 53, an increase of 6 since October 30, 1915. The reports of the 53 unions show gross assets of 8816,443.08, an increase of 8384,843.60. The total membership shown is 11,418, an increase of 3,572. The total receipts during the year were 81,267,092.84, an increase of 8540,525.31, and the total loans made were 8831,543.65, an increase of 8330,194.90. The total disbursements as dividends to shareholders were 813,241.51 and the total sum paid as interest on savings accounts was 85,986.70. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis R E PO R T OF THE X ll [Pub. Doc. The following is a list of the credit unions which have commenced business since October 30, 1915: — Location. N am e. City of Boston Employees Credit Union, Hampden Credit Union, . . . Mansfield Credit Union, . . . Itylyco Credit Union, . . . . Neponset Credit Union, . . . Skandia Credit Union, . . . State Street Credit Union, . . . . . . . . . Boston, . Boston, . Mansfield, Boston, . East Walpole, . Worcester, Boston, . Began Business. Nov. 15, 1915 Aug. 28, 1916 Sept. 2, 1916 Oct. 2, 1916 Nov. 1, 1915 Jan. 1, 1916 Oct. 7, 1916 A certificate was granted to the Lowell Credit Union of Lowell, but the union had not commenced business on October 31, 1916. Since the previous report the American Express Employees’ Credit Union has dissolved and distributed its assets, this being accom plished without loss to its shareholders. The Commissioner still retains possession of the property and business of the Immaculate Conception Credit Union of Fitchburg, the St. Francis Credit Union of Fitchburg, the Peabody Hebrew Credit Union of Peabody, the Salem Investment and Credit Union of Salem, the Lynn United Hebrew Credit Union of Lynn and the People’s Credit Union of Lynn. In the case of the Immaculate Conception Credit Union there is in the Commissioner’s hands $20.33 to pay liabilities to sharehold ers of $4.10; in the case of the St. Francis Credit Union, $2.25 to pay liabilities of $1.48. The affairs of the other unions heretofore men tioned as in his possession remain in the same condition as at the time of the previous report, with but little hope that further collec tion of the assets can be made. Of the 47 credit unions whose statements figured in the general statement of the report of 1915, 1 has ceased to do business. Credit unions to the number of 7 commencing business since the last annual report make the number 53 which are now doing business and whose statements enter into the figures given in this report. There has been a marked improvement in these credit unions, due, undoubtedly, to the better understanding by their management of the fundamental principles and the statutes. The seven years’ experience in operation has developed the judgment of the boards of directors, and the advice of the Conference Committee of the Credit Unions of Massachusetts, a voluntary association, which has co-operated with https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.1 B AN K COMMISSIONER. xm this department in endeavoring to attain a competent standard of management, has been followed, so that the foresight in establishing credit unions has become more apparent. It is proper to state, however, that as the savings of the members are loaned to borrowers without financial standing and primarily for provident purposes, it cannot be determined to what extent all the borrowings will be repaid in full. The fact should not be lost sight of that the duty of their managers to the nonborrowing shareholders is that money should be lent only to members who beyond reasonable doubt will be able to repay their obligations to the credit unions; and, further, as de positors would become creditors it does not seem wise at the present time that credit unions should create a class of creditors, either by borrowing money or encouraging deposits, which in the event of a dissolution would have the preference over their shareholders. The initial statute authorizing credit unions, which was enacted in 1909, was repealed by the present statute, which has now been in operation less than twenty months, and it would seem that further legislation tending to enlarge the scope of operation of the credit unions could well be postponed until the existing statute has had a fair trial. Aggregate Statement of Condition October 81, 1916, o f 58 Credit Unions, as com pared with a Similar Statement on October SO, 1915, — 4-7 Credit Unions. Oct. 30, 1915. A ss e t s . Loans, . . . . Oct. 31, 1916. $362,430 36 $652,385 78 Shares, . . 49,103 42 124,310 82 Expense account, 13,572 82 8,092 99 Guaranty fund, Sundries, 1,460 02 1,303 96 Earnings, Investments, . 5,032 86 30,349 53 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Deposits, Entrance fees, Fines, . . Profit and loss, Sundries, $431,599 48 $816,443 08 . . . Oct. 31, 1916. $252,218 00 $436,164 36 143,592 41 Cash.................................. . Oct. 30, 1915. L ia b il it ie s . 328,102 61 7,768 33 15,394 90 17,974 36 25,596 08 1,365 60 1,390 90 468 02 678 15 1,866 55 4,893 35 6,346 21 4,222 73 $431,599 48 $816,443 08 [Pub. Doc. R E PO R T OF TH E XIV Receipts and Disbursements during Year ending October 31, 1 9 1 6 ,— 63 Credit Unions. D is b u k s e m e n t s . R e c e ip t s . $97,200 52 S h a r e s , .......................................... $283,270 45 Shares.................................................. Deposits.............................................. 338,740 52 Deposits.............................................. 153,115 65 Repaid l o a n s ,.................................. 540,544 83 L o a n s , .......................................... 831,543 65 Expenses,.......................................... 13,441 43 Entrance fees..................................... 2,925 97 I n t e r e s t ,.......................................... 44,301 08 F i n e s , .......................................... 1,218 97 Dividends paid, Borrowed money, . . . . Maintenance....................................... Sundries.............................................. Cash on hand Oct. 30, 1915, 5,986 70 Interest paid and returned, . 13,241 51 1,300 00 Borrowed money repaid, . 4,951 52 Investments........................................ 25,531 19 736 08 49,103 42 . . . 1,705 00 1,016 37 Sundries.............................................. Cash on hand Oct. 31, 1916, 124,310 82 $1,267,092 84 $1,267,092 84 Number of shares in force Oct. 31, 1 9 16,............................................................................................ 93,042 Number of m e m b e r s , ..................................................................................................................... 11,418 Number of b o r r o w e r s , ..................................................................................................................... 3,623 P ersons, Partnerships, A ssociations to the in P rovisions A mendment of or C orporations C hapter 428, A cts thereof and in A ddition of 1905, subject and A cts thereto . Since the date of the last annual report the statutes which apply to the persons, etc., subject to the provisions of the above acts have been added to by the enactment of chapter 175, General Acts of 1916, whereby certain restrictions were prescribed as to the manner in which the money received for safekeeping by these bankers should be invested. During the last fiscal year there was collected in license fees and paid into the treasury of the Commonwealth the sum of $3,550. On October 31, 1916, there were 88 persons, etc., subject to the supervision of this department, the same number as on October 30, 1915; of this number, 44 received deposits for safekeeping, the total deposits on October 31, 1916, amounting to $1,796,208, an increase during the year of $708,084; the number of depositors being 14,687, an increase of 3,388. The total amount of money sent for deposit in the Italian Postal Savings Bank during the year was $822,420, an increase of $228,849. There was also sent for deposit in the Russian Government Savings Bank the sum of $15,476. The total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] xv B AN K COMMISSIONER. amount of money received for transmission abroad for the same period was $7,381,119, an increase of $1,894,226. 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 b w a b d e d d u e in g Y e a b e n d in g CoUNTKY. Italy, Russia, Great Britain, Turkey, Greece, Austria, Finland, Azores, France, Sweden, Germany, . . Other countries, . Totals, Oct. 31,1916. Oct. 30,1915. Oct. 31,1914. Oct. 31,1913. Oct. 31,1912. $4,575,157 886,226 620,312 881 324,484 88,039 78,176 764,623 982 4,121 26,629 11,489 $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 1,319,051 854,904 322,531 409,118 286,194 117,769 172,431 46,294 38,133 16,924 43,138 $7,381,119 $5,486,893 $7,234,988 $9,211,389 $7,110,860 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 for 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 that bank. 2. In m y opinion the provisions of chapter 610 of the Acts of 1914, limiting the use of the words “ bank” or “ banking” to savings banks, trust companies, co-operative banks and certain other organ izations, would make the transaction of business by a State bank under chapter 115 of the Revised Laws illegal. Said chapter 115 is a substantial continuance of the old State bank law. N o banks have operated under that statute for over sixty years. The statutes relating to trust companies have taken the place of the old State bank law, and have been developed to meet modern conditions and customs. I therefore recommend the special repeal of chapter 115 of the Revised Laws. 3. Co-operative banks cannot loan more than $5,000 upon any one parcel of real estate. This seems to restrict the loans to single dwellings or inexpensive apartment houses. I believe that many such houses costing six to eight thousand dollars would make de- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis XY1 REPO RT — B AN K COMMISSIONER. [Pub. Doc. No. 8. sirable security for loans, and advise that the statutes be amended to permit an increase in the limit of the amount of a single loan, and a corresponding increase in the number of shares which a member may own. 4. Chapters 470 and 610 of the Acts of 1914 prohibit other than incorporated banks and licensed bankers from soliciting or receiving deposits or transacting business in the way or manner of a savings bank. They do not prevent others than incorporated banks and licensed bankers from receiving deposits of money. It would seem that all persons, partnerships, associations and corporations receiving small amounts of money as above, and who are not under State supervision, should be required to so inform those who entrust money to their care. 5. Credit unions are especially exempted from taxation, yet among the purposes for which they are organized is the payment of divi dends to shareholders. As the Commonwealth is put to the expense of supervision and the examination of their books and accounts, I would recommend the repeal of section 8 of chapter 268' of the General Acts of 1915, which exempts credit unions from the payment of taxes. Respectfully submitted, https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis AUGUSTUS L. TH O R N D IK E , Bank Commissioner. \ STATEMENTS R E L A T IN G TO Savings Banks Tkdst Companies. and INDEX. St a t e m e n t N umbbb 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 . page . . . xviii . . . . xxi . . . . . xxii . . . xxiii 5. Income account . . . . . . . . . . . xxiv 6. Dividends . . . . . . . . . . . . 7. Expenses . . 8. Surplus . . . . . . . . . 9. Real estate by foreclosure . . . . . . - . . . . . . . . . . 11. Changes in real estate and personal loans . 12. Verification of pass books . . . . . . T . ru st . . . . . xxv . . xxvi . . . xxvi . . . . xxvii . . . . . xxvii . . . . . xxviii . xxix . xlviii . . . 13. Statistics covering from 1834 to 1916 inclusive . 27. List of legal investments . . . . 10. Investments producing no income . . . . . . . . . . . . xxx C o m p a n ie s . 14. Statistics covering from 1879 to 1916 inclusive, all companies . . . xxxii 15. Statistics covering from 1879 to 1916 inclusive, Boston companies . . xxxiv 16. Statistics covering from 1879 to 1916 inclusive, companies outside of Boston 17. Aggregate statement, banking departments, all companies . . 18. Aggregate statement, banking departments, Boston companies . . . . . 19. Aggregate statement, banking departments, companies outside of Boston 20. Aggregate statement, savings departments, all companies . . 21. Aggregate statement, savings departments, Boston companies . . . xxxix xl xli . . xlii 22. Aggregate statement, savings departments, companies outside of Boston . xliii 23. Aggregate statement, trust departments, all companies 24. Reserves . . . 25. Earnings and dividends 26. Verification of pass books https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . xxxvi xxxviii . . . . xliv . . . . . xlv . . . . . . . . . xlvi . . . . . . . . . xlvii xvm REPORT OF THE STATEM ENT [Pub. Doc. N o . 1. A g g r e g a t e S t a t e m e n t , O c t o b e r 31, 1916, 196 S a v 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 . 127,414 loans on real estate (average of each, $4,111.82) . Less amount due on uncompleted loans $525,793,035 22 1,953,032 85 10,521 loans on personal security . . . . Bank building and fixtures (estimated value, $10,941,400.51; assessed value, $10,746,165) Furniture and fixtures . . . . . . Real estate by foreclosure, etc. (assessed value, $2,621,739) Taxes, insurance, etc., paid on mortgaged properties Premium account . . . . . Suspense account . . . . . Other assets . . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . $106,718,457 195,620,396 33,105,410 8,074,751 13,698,246 11,608,156 724,451 02 42 65 19 S3 06 83 523,840,002 149,320,434 8,258,702 71,640 2,236,919 66,046 51,717 15,226 4,974 23,307,628 1,559,010 37 65 92 58 15 75 58 32 55 34 92 T otal A s s e t s .......................................... $1,078,282,174 13 Liabilities. Due depositors on 2,457,269 accounts, averaging $406.02 each . . . . $997,694,818 32 (Accounts opened during year, 854,587; closed, 246,415; increase, 108,062.) Surplus: — a. Guaranty fund {4-72% of deposits; increase during year, $2,710,287.57) . . 47,108,302 92 b. Profit and loss {increase during year, $1,018,624-11) . . . . . 24,988,036 58 Current income: — a. Interest.......................................................... $8,187,547 77 b. R e n t .......................................................... 67,307 20 ---------------------$8,254,854 97 Less current expenses not charged off . . $540,745 91 Less State or local taxes not charged off . 62,858 74 ---------------------603,604 65 —------------------7,651,250 32 Other liabilities . . . . . . . . . . . . . 839,765 99 Total Liabilities . . . . $1,078,282,174 13 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,797,661.91 $1,829,484.51 $343,830.95 $68,591.91 $535,721.36 $4,575,290.64 Cost per $1,000 of assets 1.67 1.70 .32 .06 .50 4.25 Cost per $1,000 of assets not including State tax and rent . . . . . 2.26 Gross income received during the year, $47,425,493.51. Number of loans not over $3,000 each, 92,491, amounting to $137,592,743.52. 15,836 real estate loans made during year, amounting to $71,296,945.94. Dividends, Deposits and Withdrawals Ordinary dividends declared during year, average rate, 4.04% Extra dividends declared during year . . . . . . Number of deposits during year, 3,210,891, amounting to . . $36,617,340 31 168,899 52 190,104,302 79 Number of withdrawals during year, 2,011,053, amounting to . $226,890,542 62 158,026,379 63 Net increase in amount due depositors . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $68,864,162 99 No. 8.] BAN K COMMISSIONER, xix T o t a l L o a n s a n d I n v e s t m e n t s o f S a v i n g s B a n k s o n O c t o b e r 31, 1916, at E a c h S p e c if ie d R a t e o f I n t e r e s t . R a te (P e r C e n t ). 0............................................. 1............................................. 1.667 ................................. 1 . 7 5 ................................. 2............................................. 2 . 5 0 ................................. ................................. 2.625 2 . 6 5 ................................. 2 . 7 4 ................................. 2 . 7 5 ................................. 2 . 7 9 ................................. 2 . 8 3 ................................. 2 . 8 5 ................................. ................................. 2.875 2 . 9 0 ................................. 2 . 9 2 ................................. 3............................................. 3 . 0 5 ................................. 3.0625 ................................. 3 . 0 8 ................................. 3 . 0 9 ................................. 3 . 1 0 ................................. 3 . 1 2 5 ................................. 3 . 1 5 ................................. 3 . 2 0 ................................. 3 . 2 5 ................................. 3 . 2 9 ................................. 3 . 3 0 ................................. 3 . 3 5 ................................. 3.375 ................................. 3 . 4 0 ................................. 3 . 4 2 ................................. 3 . 4 3 ................................. 3 . 4 4 ................................. 3 . 4 5 ................................. 3 . 5 0 ................................. 3 . 5 5 ................................. 3.5625 ................................. 3 . 6 0 ................................. 3.625 ................................. 3 . 6 5 ................................. 3 . 6 7 ................................. 3 . 7 0 ................................. 3 . 7 3 ................................. 3 . 7 5 ................................. 3 . 8 0 ................................. 3 . 8 3 ................................. 3 . 8 5 ................................. 3.875 ................................. 3 . 9 0 ................................. 3 . 9 4 ................................. 3 . 9 5 ................................. 3 . 9 8 ................................. 4 . 0 0 ................................. 4.125 ................................. 4 . 2 5 ................................. 4 . 3 0 ................................. 4.375 ................................. 4 . 5 0 ................................. 4.625 ................................. 4 . 7 5 ................................. 4.875 ................................. 5 . 0 0 ................................. 5.125 ................................. 5 . 2 5 ................................. 5.333 ................................. 5.375 ................................. 5 . 4 0 ................................. 5 . 5 0 ................................. 5 . 6 0 ................................. 5 . 7 5 ................................. 6 . 0 0 ................................. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Loans on Real Estate. $90,440 00 6,500 00 — 2,458,000 00 416,600 00 501,000 00 35,311,458 00 1,623,500 00 19,187,950 00 586,500 00 48,437,210 89 87,000 00 7,402,320 24 121,000 00 353,898,259 80 500 00 879,645 00 14,000 00 33,548,046 35 . 8,500 00 19,177,976 59 Loans on Per sonal Security. $360,601 49 50,000 00 200,000 00 657,000 00 - 200,000 00 — 590,000 00 384,050 00 28,365,673 68 3,863,000 00 55,437,965 42 2,647,900 00 31,103,199 87 53,000 00 4,784,169 61 16,125,843 02 227,175 00 1,500 00 1,316,463 00 49,625 00 34,275 00 2,850,110 87 Bonds, Stocks, etc. $574,494 82 337,300 00 50,000 00 46,000 00 19,050 00 145,000 00 35,000 00 30,000 00 30,000 00 30,000 00 30,000 00 110,000 00 25,000 00 450,000 00 100,000 00 3,846,337 39 30,000 00 25,000 00 14,400 00 50,000 00 36,000 00 306,000 00 8,000 00 16,600 00 586,000 00 98,070 55 192,000 00 130,000 00 50,000 00 233,340 00 10,000 00 200,000 00 49,600 00 179,460 00 56,080,629 98 46,000 00 10,000 00 96,520 00 34,490 00 174,500 00 5,000 00 38,000 00 6,000 00 395,535 00 83,000 00 30,525 00 29,000 00 56,033 32 69,650 00 1,500 00 13,000 00 60,000 00 190,501,791 73 16,700 00 3,233,752 68 17,250 00 3,000 00 51,771,090 14 - 210,255 00 40,344,779 00 40,000 00 9,713 06 652,050 00 14,614,157 50 Total Loans and Investments. $1,025,536 31 6,500 00 337,300 00 50,000 00 96,000 00 219,050 00 145,000 00 35,000 00 30,000 00 30,000 00 30,000 00 30,000 00 110,000 00 25,COO 00 450,000 00 100,000 00 4,503,337 39 30,000 00 25,000 00 14,400 00 50,000 00 36,000 00 306,000 00 8,000 00 16,600 00 3,244,000 00 98,070 55 192,000 00 130,000 00 50,000 00 233,340 00 10,000 00 200,000 00 49,600 00 179,460 00 57,087,229 98 46,000 00 10,000 00 96,520 00 34,490 00 174,500 00 5,000 00 38,000 00 6,000 00 1,280,585 00 83,000 00 30,525 00 29,000 00 56,033 32 69,650 00 1,500 00 13,000 00 60,000 00 254,178,923 41 5,503,200 00 77,859,668 10 17,250 00 3,237,400 00 131,311,500 90 140,000 00 12,396,744 85 121,000 00 410,368,881 82 500 00 1,146,820 00 1,500 00 14,000 00 9,713 06 35,516,559 35 49,625 00 42,775 00 36,642,244 96 [Pub. Doc. REPO RT OF THE XX T o t a l L o a n s a n d I n v e s t m e n t s o f S a v i n g s B a n k s o n O c t o b e r 31, 1916, E a c h S p e c i f i e d R a t e o f I n t e k e s t — Concluded. at Loans on Real Estate. R a te (P e r C e n t ). 6 . 5 0 ................................. 7 . 0 0 ................................. 7 . 5 0 ................................. 8 . 0 0 ................................. 8 . 5 0 ................................. 9 . 0 0 ................................. 1 0 . 0 0 ................................. 10.667 ................................. 1 1 . 0 0 ................................. 1 2 . 0 0 ................................. 1 4 . 0 0 ................................. 1 5 . 0 0 ................................. 1 6 . 0 0 ................................. ................................. 20.00 29.00 ................................. Totals . Average rate . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $47,325 00 34,870 50 750 00 650 00 - - Loans on Per sonal Security. _ $18,882 69 - - - Bonds, Stocks, etc. Total Loans and Investments. $35,800 00 1,574,520 00 3,000 00 3,738,000 00 10,000 00 321,900 00 1,660,900 00 2,250 00 1,500 00 989,900 00 24,700 00 2,500 00 603,000 00 15,800 00 5,000 00 $83,125 00 1,628,273 19 3,750 00 3,738,650 00 10,000 00 321,900 00 1,660,900 00 2,250 00 1,500 00 989,900 00 24,700 00 2,500 00 603,000 00 15,800 00 5,000 00 $523,840,002 37 $149,320,434 65 $375,705,345 17 $1,048,865,782 19 4.91 4.37 4.28 4.61 BAN K COMMISSIONER, No. 8.] STATEM ENT xxi N o . 2. C o m p a r a t iv e C o n d it io n o f A l l S a v in g s B a n k s . ASSETS. 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 . L oa n s. On real estate . . . On personal security . R e a l E sta te. For banking purposes By foreclosure, etc. M isc e l l a n e o u s . Premium account . Furniture and fixtures . Sundry assets . . . . C ash . In banks, on interest In banks, not on interest Currency and specie Checks and cash items . October 31, October 30, 1916. 1915. 1916. 1915. 1910. 1905. 1900. 14 33 83 68 32 27 9.90 18.14 3.07 .75 1.27 1.08 10.17 16.42 2.99 .80 1.24 1.14 11.28 18.65 2.03 1.03 .92 1.31 12.69 17 93 1.09 1.44 1.89 14.31 12.88 724,451 83 1,508,815 88 .07 .15 .27 .06 .04 523,840,002 37 149,320,434 65 491,536,226 08 145,977,955 66 48.58 13.85 48.88 14.52 44.64 16.64 40.46 20.35 41.50 20.75 8,258,702 92 •2,236,919 15 7,901,698 20 2,387,001 35 .76 .21 .79 .24 .88 .25 .96 .55 .77 .57 51,717 58 71,640 58 86,247 62 76,856 93 86,598 19 80,520 26 IV .02 .02 .04 .12 .15 $100,718,457 195,620,396 33,105,410 8,074,751 13,698,246 11,608,156 23,138,717 168,910 1,375,317 183,693 $102,306,108 165,127,323 30,075,487 8,032,127 12,472,612 11,466,069 02 42 65 19 83 06 24,582,805 147,892 1,502,441 323,101 98 36 52 40 28 05 57 91 $1,078,282,174 13 $1,005,591,641 93 Deposits . . . . Guaranty fund Profit and loss . Current income, less ex penses and taxes paid . Sundry liabilities https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ] r 100 100 Per Cent, of De posits. Amount. Per Cent, of De posits. $997,694,818 32 47,108,302 92 24,988,036 58 4.72 2.50 $928,830,655 33 44,398,015 35 23,969,412 47 4.78 2.58 7,651,250 32 839,765 99 .77 .08 7,662,123 55 731,435 23 .82 .08 $1,078,282,174 13 _ - Amount. $1,005,591,641 93 * Decrease. - 2.00 3.74 J O ctober 30, 1915. O ctober 31, 1916. l ia b il it ie s . P e r c e n t a g e of I n v e s t m e n t s t o T o t a l A ssets on O c to b e r 31 — _ - 100 I ncrease 100 for 100 Y ear. Amount. Per Cent. $68,864,162 99 2,710,287 57 1,018,624 11 7.41 6.10 4.25 10,873 23 * .14* 108,330 76 14.81 $72,690,532 20 7.23 REPO RT OF THE XXII STATEM ENT [Pub. Doc. N o . 3. C o m p a r a t iv e C o n d it io n o p B o s t o n Sa v in g s B a n k s . op ASSETS. October 31, October 30, 1916. 1915. Increase for Year. Decrease for Year. P ercentage I n v e st m e n t s to T o t a l A sset s . BOSTON BANKS. 1916 1915 OTHER BANKS. 1916 1915 S e c u r it ie s . Public funds, bonds and notes . . . . Railroad bonds and notes Street railway bonds B o s t o n Terminal Co. bonds . . . . T e l e p h o n e company bonds . . . . Bank stocks Securities acquired ' in settlement of indebtedness . . . . L oa n s. R e al E sta te . For banking purposes By foreclosure, etc. M isc e l l a n e o u s . . 11.29 11.10 9.26 9.74 16.42 14.57 18.94 17.28 2.22 2.10 3.46 3.40 - 5,055,888 00 5,042,293 00 13,595 00 “ 1.49 1.58 3,785,362 50 1,793,392 69 3,408,126 87 1,713,390 03 377,235 63 80,002 66 - 1.11 1.07 1.34 1.32 .53 .54 1.33 1.42 245,578 40 426,856 03 - $181,277 63 - 153,378,421 91 145,356,459 71 8,021,962 20 62,106,538 74 61,204,242 81 902,295 93 On real estate . On personal security Premium account . Furniture and fixtures Sundry assets . $38,360,404 49 $35,355,457 28 $3,004,947 21 55,790,259 28 46,413,560 76 9,376,698 52 7,558,391 66 6,691,409 55 866,982 11 2,836,146 31 923,231 50 2,580,928 30 871,999 22 255,218 01 51,232 28 5,433 63 848 0C 24,927 67 20,784 37 1,198 0C 2G.867 78 4,059 89 .14 .44 .06 .16 45.13 45.63 50.17 50.39 18.27 19.22 11.81 12.34 .83 .27 .81 .27 .73 .18 .77 .22 15,350 74 ) 350 00 .01 ) .01 .03 .03 - - - .07 .41 C ash. In banks, on interest In banks not on interest Currency and specie Checks and cash items . 7,631,595 15,000 330,738 35,999 40 0C 77 59 8,864,330 15,000 435,922 120,423 5£ 0C 98 86 - - 1,232,735 19 I 105,184 21 >2.36 2.96 2.28 2.49 84,424 27 1 $339,878,158 54 $318,543,251 14 $21,334,907 40 O ctober 31, 1916. LIABILITIES. Amount. D eposits................................. $317,964,187 54 Guaranty fund 14,893,968 31 Profit and loss 5,241,733 65 Current income, less expenses 1,634,424 57 and taxes paid Sundry liabilities . 143,844 47 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $339,878,158 54 O c to be r 30, 1915. Per Cent, of De posits. _ 4.68 1.65 Amount. Per Cent, of De posits. $297,332,769 37 14,015,634 99 5,403,018 26 4.71 1.82 1,670,971 87 120,856 65 .56 .04 .51 .04 - - $318,543,251 14 1 Decrease. _ - 100 100 100 100 I n c r e a se f o r Y e a r . Amount. Per Cent. $20,631,418 17 878,333 32 161,284 61' 6.94 6.27 2.98' 36,547 30' 2.19' 22,987 82 19.02 $21,334,907 40 6.70 No. 8.] BANK COMMISSIONER. STATEM ENT Y early T r a n s a c t io n s xxm N o . 4. of S a v in g s B a n k s . The following table presents in condensed form the statistics of the transactions of all the savings banks during the past five years : — / Y e a r e n d in g O c to be r 31 — STATISTICS OF BUSINESS. 1916. A ccounts . Number opened during year . Number closed during year . Number open October 31 Average in each account 1914. 1913. 1912. 354,537 246,475 2,457,269 $406 02 288,833 248,502 2,349,207 $395 38 308,879 266,132 2,309,008 $389 46 332,325" 266,981 2,266,261 $383 86 300,467 237,093 2,200,917 $38l 04 $997,694,818 $68,864,163 3,210,891 2,011,053 $59 21 $78 58 $190,104,303 $158,026,380 $928,830,655 $29,551,059 2,592,204 2,135,242 $58 74 $74 05 $152,256,408 $158,113,864 $899,279,596 $29,360,577 2,664,661 2,079,502 $59 70 $78 77 $159,070,038 $163,800,886 $869,919,019 $31,283,922 2,855,944 1,924,435 $55 60 $83 08 $158,798,042 $159,878,625 $838,635,098 $36,414,391 2,593,601 1,822,515 $58 50 $80 08 $151,738,371 $145,946,854 92,491 127,414 $4,11Î 32 89,272 121,391 $4,049 20 86,153 116,089 $4,03i 27 83,554 112,078 $3,989 59 81,403 107,061 $3,936 35 D epo sits 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 1915. L oa n s. Of $3,000 or less October 31 On real estate October 31 Average real estate loan October 31 Number of new real estate loans made during y e a r .......................................... Amount of same . . . . . 15,836 13,357 12,654 12,942 14,683 $71,296,946 $52,012,611 $51,045,196 $52,036,924 $58,402,701 I n co m e , D iv id e n d s , e tc . Total i n c o m e .......................................... Dividends . . . . . . Expenses.................................................. State t a x e s .......................................... Credited to guaranty fund R a t io s . Dividends to income . . . . Expenses to income . . . . State taxes to income . . . . Guaranty fund additions to income Other deductions to income . Dividends to total assets October 31 Expenses to total assets October 31 State taxes to total assets October 31 Guaranty fund additions to total assets October 31 . . . , . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $47,425,494 $45,658,006 $43,943,795 $41,990,814 $39,201,252 36,786,240 35,408,516 34,091,425 32,361,968 30,597,211 2,777,629 2,579,423 2,509,321 2,427,363 2,283,688 1,797,662 1,773,862 1,753,678 1,755,051 1,749,475 2,710,288 1,465,806 1,688,724 1,750,699 1,849,152 Per Cent. 77.57 5.86 3.79 5.71 7.07 3.41 .26 .17 .25 Per Cent. 77.55 5.65 3.89 3.21 9.70 3.52 .26 .18 .15 Per Cent. 77.58 5.71 3.99 3.84 8.88 3.51 .26 .18 .17 Per Cent. 77.07 5.78 4.18 4.17 8.80 3.45 .26 .19 .19 Per Cent. 78.05 5.83 4.46 4.72 6.94 3.39 .25 .19 .20 [Pub. Doc. REPO RT OF THE XXIV STATEM ENT N o . 5. I n c o m e o f Sa v in g s B a n k s . Statement o f Income Account fo r Year ending October 81 ,1916. . $31,631,536 02 Net undivided profits, October 30, 1915 (profit and loss and net interest) $47,425,493 51 Total current income during year Less amounts paid for: — $5S2,898 00 Accrued interest . 48,636 68 Operating deficit of real estate 2,777,628 73 Running expenses 1,797,661 91 State tax . . . . 5,206,825 32 Net divisible income . . . Less amount credited to guaranty fund . Less ordinary dividends declared . . . . . . . . . . . $2,710,287 57 36,617,340 31 ---------------------- $168,899 52 1,262,084 59 128,896 53 45,513 59 68,350 00 402,885 69 ------------------ Less extra dividends declared Less premiums written off Less banking houses written down Less losses through loans on real estate . Less losses on account of loans on personal security, etc Less miscellaneous losses . . . . . . . 39,327,627 88 $2,891,040 31 193,340 49 Current surplus . . . . . Additional receipts on account of bank stock . Net undivided profits for year $42,218,668 19 . . . . $3,084,380 80 2,076,629 92 $1,007,750 88 ----------------------- Net undivided profits, October 31, 1916 (profit and loss and net interest) / https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . 1,007,750 88 . $32,639,286 90 BAN K COMMISSIONER. No. 8.] STATEM ENT D XXV N o . 6. iv id e n d s . The following table shows the rates of dividends paid by the banks during the last eighteen years, as well as the average rate earned upon the deposits: — _ 3 1 2 _ _ _ 1 1 ................................. 1 ................................. 1 ih . . . . 1 1 m . . . . — 1 1 1 1 2 ................................. 2 3 3 ................................. 1 3H . . . ■ 1 5 13 18 25 14 14 49 98 1 2 3X . . . . 2 2 5 10 12 11 15 11 15 37 13 3% . . . ■ 3VS . . . . 4 ................................. 164 161 168 166 157 156 140 160 155 93 74 4Vs . . . . 1 1 1 1 3 2 9 6 2 m . . . . 3 8 7 5 5 2 4'A . . . ■ 16 19 13 4% . . . . 2 1 1 3 1 4 1 5 ................................. 3 2 0 Total . 1 2 1 2 1 92 81 10 10 1 82 92 1899. 1901. 1900. 1902. 1903. 1904. 1905. 1996. 19 0 7 . 1903. 1909. 1910. 1911. 1912. 1913. 1914. CO cH r> 1915. N u m b e r op B a n k s p a y in g a t E ach R a t e . RATE OF DIVI DEND (PER CENT). _ _ _ 1 1 1 1 1 3 3 45 18 4 16 5 1 2 3 3 89 8 1 6 90 9 70 20 85 81 88 114 144 1 1 15 1 196 195 195 193 194 192 192 189 189 189 189 189 188 187 186 186 186 186 Average dividend 4.04 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 Average earnings . 4.75 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 The extra dividends declared during the year were as follows: — Arlington Five Cents Savings Bank, J of 1 per cent. . . . $6,961 62 Athol Savings Bank, \ of 1 per cent.......................................................19,331 97 Cape Ann Savings Bank, \ of 1 per cent......................................... 96 Charlestown Five Cents Savings Bank, \ of 1 per cent. . 14,496 . . 69,769 86 Natick Five Cents Savings Bank, \ of 1 per cent........................ 9,587 59 Webster Five Cents Savings Bank, \ of 1 per cent..................... 12,622 84 Westfield Savings Bank, \ of 1 per cent........................................... 15,520 63 Winchendon Savings Bank, f of 1 per cent.................................... 20,608 05 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $168,899 52 [Pub. Doc, REPO RT OF TH E XXY1 STATEM ENT N o . 7. E xpenses . The running expenses of the banks for the two years ending October 30, 1915, and October 31, 1916, were as follows: — Y e a r e n d in g O c to be r 30, 1915. Y e a r e n d in g O c to be r 31, 1916. c l a s s if ic a t io n . Advertising . Other expenses Total Cost for Each $1,000 of Assets. Cost for Each $1,000 of Assets. Percent age of Income. Amount. 51 95 91 36 3.86 .72 .14 1.13 1.70 .32 .06 .50 $1,757,016 322,946 58,218 441,241 28 09 63 51 3.85 .71 .13 .97 $1.75 .32 .06 .44 $2,777,628 73 5.85 2.58 $2,579,422 51 5.66 $2.57 $1,829,484 343,830 68,591 535,721 Salaries Percent age of Income. Amount. STATEM ENT N o . 8. Surplus. The aggregate guaranty fund and profit and loss account of the savings banks on October 31 of the last ten years has been as follows: — B a s e d o n S e c u r it ie s a t B o o k V a l u e s . G uaranty F und. Per Cent, of De posits. YEAR. Amount. 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $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 47,108,302 05 14 12 30 12 68 11 82 35 92 4.64 4.73 4.68 4.69 4.69 4.71 4.74 4.77 4.78 4.72 P r o f it a n d L oss A ccount . Amount. $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 24,988,036 30 80 80 21 23 36 63 30 47 58 T otal. Per Cent, of De posits. Amount. Per Cent, of De posits. 1.57 1.82 1.90 1.89 1.91 1.97 2.08 2.34 2.58 2.50 $43,921,591 35 46,477,551 94 48,871,456 92 50,765,084 51 53,001,918 35 56,058,124 04 59,348,790 74 63,953,757 12 68,367,427 82 72,096,339 50 6.21 6.55 6.58 6.58 6.60 6.68 6.82 7.11 7.36 7.22 B a s e d o n Se c u r it ie s a t E s t im a t e d M a r k e t V a l u e s . 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $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 47,108,302 05 14 12 30 12 68 11 82 35 92 4.64 4.73 4.68 4.69 4.69 4.71 4.74 4.77 4.78 4.72 $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 25,935,719 66 55 86 55 58 37 36 05 15 12 1.17 2.46 3.00 2.59 2.63 2.52 1.29 1.70 1.75 2.60 $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 73,044,022 71 69 98 85 70 05 47 87 50 04 5.81 7.19 7.68 7.28 7.32 7.23 6.03 6.47 6.53 7.32 BAN K COMMISSIONER. No. 8.] STATEM ENT X X V ll N o . 9. R eal E state b y F oreclosu re. Principal. Balance as shown in statement of October 30, 1915, 318 estates . . Acquired during the year ending October 31, 1916, 275 estates . . Excess of proceeds over book values of estates sold during year, credited to profit and loss . . . . . . . . . . Excess of proceeds over book values of estates sold during year, returned to mortgagors . . . . . . . . . . $2,387,001 35 1,925,842 83 80,842 65 28,097 95 $4,421,784 78 Received for 292 estates sold during year . . . Losses on estates sold during year and amounts charged off to cover depreciation or prospective loss . . $2,163,314 75 124,631 52 ---------------------- 2,287,946 27 $2,133,838 51 Income. $195,519 85 301,565 89 Rents, etc., received during year Expenses and taxes on estates, paid during year Net deficit for year . . . . . $106,046 04 . This net deficit was disposed of as follows: — Income credited to profit and loss . $5,091 52 Deficit charged to profit and loss . 8,056 92 $2,965 40 Income reducing book value Deficit increasing book value . . . . $5,684 17 108,764 81 103,080 64 103,080 64 Net deficit as above . . . . . . $106,046 04 Balance as shown in statement of October 31, 1916 (301 estates, assessed at $2,621,739 held by 106 banks) A . . . . . $2,236,919 15 Decrease during year . . . . . . STATEM ENT . . . . $ 1 5 0 ,0 8 2 20 N o . 10. I n v e s t m e n t s p r o d u c in g n o I n c o m e d u r in g t h e Y e a r . O c to be r 31, 1916. L o a n s. On real estate . . . . . . . . On personal secu rity.................................................. Amount loaned. Number of Loans. Amount loaned. 333 85 $1,282,532 44 1,151,905 22 386 78 $1,506,324 83 1,047,803 66 Real estate by foreclosure, in possession, etc. . Stocks, bonds, etc., acquired to secure indebtedness Bank and trust company stocks . . . . Deposits in banks not on interest . . . . - Amount invested. $1,146,855 97 232,278 84 25,326 10 168,910 36 Total loans and investments producing no income - $4,007,808 93 I n v e st m e n t s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis O c to be r 30, 1915. Number of Loans. - - Amount invested. $1,724,290 66 562,203 97 49,991 10 147,892 05 - $5,038,506 27 - [Pub. Doc, REPO RT OF THE XXV111 STATEM ENT N o. 11. I n c r e a s e o r D e c r e a s e f o r a P e r io d o f T h ir t y - t h r e e Y e a r s , in L o a n s on R e a l E s t a t e a n d L o a n s o n P e r s o n a l S e c u r it y o f Sa v in g s B a n k s . R eal E state. Y P e r s o n a l Se c u r it y . ear. Increase. Increase. $ 1 ,1 1 6 ,0 0 0 D ecrease. 188 4 ............................................................................. $ 6 ,6 1 9 ,0 0 0 188 5 ............................................................................. 6 ,2 2 7 ,0 0 0 - 1886 ............................................................................. 7 ,0 0 3 ,0 0 0 9 ,0 1 8 ,0 0 0 - 188 7 ............................................................................. 7 ,5 8 4 ,0 0 0 7 ,1 2 2 ,0 0 0 - - $ 4 1 5 ,0 0 0 1888 ............................................................................. 7 ,5 3 3 ,0 0 0 1 ,6 4 7 ,0 0 0 - 188 9 . 7 ,6 1 0 ,0 0 0 3 ,2 2 5 ,0 0 0 - 1890 1 0 ,4 7 1 ,0 0 0 . . . ............................................................................. 8 ,4 1 7 ,0 0 0 1 8 9 1 ............................................................................. 1 0 ,3 7 4 ,0 0 0 - 1892 ............................................................................. 1 2 ,1 2 7 ,0 0 0 1 ,4 2 6 ,0 0 0 - 189 3 ............................................................................. 8 ,0 9 6 ,0 0 0 - 5 ,3 4 6 ,0 0 0 - 9 ,8 8 1 ,0 0 0 1 ,1 4 4 ,0 0 0 189 4 .............................................................................. 9 ,3 9 3 ,0 0 0 189 5 .............................................................................. 9 ,9 8 5 ,0 0 0 1 0 ,8 2 9 ,0 0 0 - 189 6 .............................................................................. 8 ,6 5 6 ,0 0 0 2 ,0 4 7 ,0 0 0 - 189 7 .............................................................................. 1 0 ,2 9 9 ,0 0 0 1 ,2 6 3 ,0 0 0 - 189 8 .............................................................................. 7 ,0 6 6 ,0 0 0 - 3 ,4 3 2 ,0 0 0 189 9 .............................................................................. 9 ,3 2 9 ,0 0 0 1 4 ,9 0 8 ,0 0 0 1900 ............................................................................. 9 ,6 5 7 ,0 0 0 9 ,7 8 8 ,0 0 0 - 1 9 0 1 ............................................................................. 7 ,3 1 9 ,0 0 0 4 ,1 2 3 ,0 0 0 - 1902 ............................................................................. 9 ,4 6 2 ,0 0 0 1 0 ,9 0 1 ,0 0 0 190 3 ............................................................................. 1 1 ,9 1 7 ,0 0 0 1 ,9 0 4 ,0 0 0 1904 ............................................................................. 9 ,0 8 4 ,0 0 0 - - 2 3 ,0 0 0 1905 ............................................................................. 1 0 ,2 6 7 ,0 0 0 8 ,9 2 3 ,0 0 0 - 1906 .............................................................................. 1 0 ,9 8 4 ,0 0 0 1 0 ,4 6 7 ,0 0 0 - 190 7 ............................................................................. 1 3 ,1 5 9 ,0 0 0 - 5 ,9 9 9 ,0 0 0 190 8 .............................................................................. 1 2 ,7 1 4 ,0 0 0 - 1 5 ,6 5 1 ,0 0 0 1909 - ............................................................................. 2 1 ,9 8 5 ,0 0 0 4 2 4 ,0 0 0 1 9 1 0 ............................................................................. 2 4 ,8 6 1 ,0 0 0 5 ,2 8 8 ,0 0 0 - 1 9 1 1 ............................................................................. 2 4 ,7 7 0 ,0 0 0 3 ,7 0 8 ,0 0 0 - 1 9 1 2 ............................................................................. 2 7 ,1 0 2 ,0 0 0 9 ,6 1 4 ,0 0 0 - 1 9 1 3 ............................................................................. 2 5 ,7 1 6 ,0 0 0 1 ,3 6 2 ,0 0 0 - 1 9 1 4 ............................................................................. 2 0 ,8 4 0 ,0 0 0 4 ,6 3 0 ,0 0 0 - 1 9 1 5 ............................................................... 2 3 ,5 5 1 ,0 0 0 - 1 9 1 6 .............................................................................. 3 2 ,3 0 4 ,0 0 0 3 ,3 4 2 ,0 0 0 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 11,059,000 - < No. 8.] BANK COMMISSIONER. STATEM ENT XXIX N o . 12. T a b l e s h o w in g t h e R e s u l t s o f V e r if ic a t io n o f P a s s B o o k s . 1916. Number of accounts at beginning of terms of verification Number of accounts verified Percentage verified . . . . . . . . . . . . . Amount of deposits at beginning of terms of verification Amount of deposits verified Percentage verified . . . . . . . . . . . . . . . Number of banks finding no errors . . . . 2,406,443 2,231,505 924,281 889,213 38.41 35.37 $962,626,383 44 $852,544,551 98 . . $410,183,955 77 $385,602,287 34 . . 42.61 45.23 2,477 2,209 . . 10 . 10 . 36 41 Number of accounts in which errors were found . Percentage 1913. . . . . . E x p e n s e o f V e r if ic a t io n . 1916. Labor . 1913. . . . . . . . . . $20,435 39 $19,634 29 . . . . . . . . . 9,006 49 8,374 97 2,915 79 Advertising Printing . . . . . . . . . . 2,118 16 Postage . . . . . . . . . . 6,494 79 7,197 95 . . . . . . $38,054 83 $38,123 00 . . . . . . Total expenses . Cost per book verified https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $0 041 $0 042 STATEM ENT T able e x h ib it in g th e N um ber, C o n d it io n and from P rogress 1834 to of 1916 N o . 13. th e S a v in g s B anks of M assach u setts in E ach Y ear in c l u s iv e . [Returns first required by Acts 1834, Chapter 190.] year . 24,256 27,232 29,786 32,564 33,063 36,686 37,470 41,423 42,587 43,217 49,699 58,178 62,893 68,312 69,894 71,629 78,823 86,537 97,353 117,404 136,654 148,263 165,484 177,375 182,655 205,409 230,068 225,058 248,900 272,219 291,616 291,488 316,853 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 5,0102 23,842 23,319 19,397 1282 25,365 12.27 9.38 9.33 1.53 10.96 2.14 10.55 2.81 1.48 15.00 17.06 8.10 8.62 2.32 2.48 10.04 9.79 12.50 20.60 16.40 8.50 11.62 7.19 2.98 12.46 12.00 2.182 10.59 9.37 7.13 .042 8.70 S3,407,773 3,921,370 4,374,578 4,781,426 4,869,393 5,608,159 5,819,554 6,714,182 6,900,451 6,935,547 8,261,345 9,813,288 10,680,933 11,780,813 11,970,448 12,111,554 13,660,024 15,554,089 18,401,308 23,370,102 25,936,858 27,296,217 30,373,447 33,015,757 33,914,972 39,424,419 45,054,236 44,785,439 50,403,674 56,883,828 62,557,604 59,936,482 67,732,264 $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 5,629,817 268,7972 5,618,235 6,480,154 5,673,775 2,621,1212 7,795,281 _ 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 .602 12.54 12.86 9.97 4.192 13.01 $140 143 146 146 147 152 157 162 162 160 166 168 169 172 171 169 174 179 189 199 189 184 184 186 185 191 195 198 202 208 214 205 213 Popula tion of Mas sachu setts. 614,408 • 737,609 - - 994,514 - 1,132,369 1,232,065 _ 1,267,329 - Deposits to Each Person of Popula tion. $5.58 - 7.88 - 13.73 24.12 35.59 47.29 - State Taxes paid. _ - - — $228,683 400,080 452,399 364,591 311,848 Percent Percent age of Expense age of of Expense Expense Manage to Total to Total De ment. Assets. posits. $10,968 12,066 14,413 17,504 18,329 17,204 17,952 19,248 20,777 22,688 27,017 29,307 34,490 36,405 37,361 41,681 43,707 49,380 59,071 63,471 77,757 89,309 102,027 105,339 107,951 112,264 120,886 135,783 140,713 / 184,739 203,348 219,257 - - - .26 .27 -27 .29 .33 .32 - [Pub. Doc. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 22 27 28 30 30 30 31 30 31 31 33 38 39 41 43 45 45 53 60 73 80 81 86 86 86 89 93 93 95 97 102 102 Amount of Deposits. Increase in Aver Per Amount to of centage age Deposits of In Each Ac over crease. count. Previous Year. 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 . 1866 ................................. Increase in Number Number Percent Num of age of of Ac ber of Deposit In counts Banks. Ac over crease. counts. Previous Year. 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 . . . . . x 1910 . 1911 . 1912 . 1913 . 1914 . 1915 . 1916 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 108 115 130 139 160 172 175 179 180 180 179 168 166 164 165 166 168 168 171 172 173 176 177 179 180 184 185 185 187 187 187 185 186 186 186 186 187 188 189 189 189 189 189 192 192 194 193 195 195 196 348,593 383,094 431,769 488,797 561,201 630,246 666,229 702,099 720,639 739,289 739,757 674,251 675,555 706,395 738,951 772,518 806,010 826,008 848,787 906,039 944,778 983,202 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 2,457,269 » In 1830. 31,740 34,501 48,675 57,028 72,404 69,045 35,983 35,870 18,540 18,650 468 65,5062 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 40,199 108,062 10.02 9.90 12.71 13.21 14.81 12.30 5.71 5.38 2.64 2.59 .06 8.862 .19 4.56 4.61 4.54 4.34 2.48 2.76 6.75 4.28 4.07 4.73 5.27 4.37 5.19 2.06 2.68 4.44 2.93 3.26 1.62 5.03 3.90 3.82 4.22 3.75 2.53 3.56 4.31 ' 3.32 .12 3.39 2.94 1.74 2.96 2.97 1.89 1.74 4.60 80,431,583 94,838,336 112,119,016 135,745,097 163,704,077 184,797,313 202,195,343 217,452,120 237,848,963 243,340,642 244,596,614 209,860,631 206,378,709 218,047,922 230,444,479 241,311,362 252,607,593 262,720,146 274,998,412 291,197,900 302,948,624 315,185,070 332,723,688 353,592,937 369,526,385 393,019,862 399,995,569 416,778,017 439,269,861 453,220,257 473,919,094 488,642,923 518,202,048 540,403,686 560,705,752 586,937,084 608,415,409 631,313,800 662,808,312 694,081,141 706,940,596 709,519,730 743,101,481 770,814,453 802,220,707 838,635,098 869,919,019 899,279,596 928,830,655 997,694,818 12,699,319 14,406,752 17,280,680 23,626,080 27,958,980 21,093,236 17,398,029 15,256,777 20,396,842 5,491,679 1,255,971 34,735,9832 3,481,9212 11,669,212 12,396,556 10,866,883 11,296,230 10,112,553 12,278,265 16,199,488 11,750,723 12,236,446 17,538,618 20,869,248 15,933,448 23,493,476 6,975,707 16,782,447 22,491,843 13,950,396 20,698,837 14,723,829 29,559,124 22,201,637 20,302,066 26,231,331 21,478,325 22,898,390 31,494,512 31,272,828 12,859,455 2,579,134 33,581,751 27,712,972 31,406,254 36,414,391 31,283,921 29,360,576 29,551,059 68,864,163 18.75 17.91 18.22 21.07 20.60 12.89 9.41 7.55 9.38 2.31 .52 14.202 1.662 5.65 5.69 4.72 4.68 4.00 4.67 5.89 4.04 4.04 5.57 6.27 4.51 6.36 1.77 4.19 5.40 3.18 4.57 3.11 6.05 4.28 3.76 4.68 3.66 3.76 4.99 4.72 1.85 .36 4.73 3.73 4.07 4.54 3.73 3.37 3.29 7.41 230 247 259 277 291 293 303 309 330 329 330 311 305 308 311 312 313 318 323 321 320 320 323 326 326 330 329 334 337 333 342 347 350 352 351 353 353 357 362 363 359 359 364 367 375 381 384 389 395 406 _ - _ 1,457,352 _ _ _ - 1,651,652 _ - _ 1,783,086 - _ _ 1,941,465 _ _ _ - 2,238,943 - 2,500,183 2,805,346 _ - 3,003,680 - - _ 93.14 _ _ 144.00 _ _ _ 122.29 _ _ _ 141.64 _ _ _ _ 157.92 - - 175.69 - _ - 192.63 - _ 220.67 - - - - 3,366,416 228.97 - - - - - - 3,693,310 251.49 ” “ - 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 1,797,662 254,225 \ 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 2,777,629 si -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 .278 00 xxxii REPO RT OF THE [Pub. Doc. STATEM ENT P r in c ip a l A sse ts a n d L ia b il it ie s o f A l l T r u st United No. States and Year. of Mas Cos. sachusetts Bonds. 1879 3 $1,867,707 1880 4 Other Stocks and Bonds. $501,862 1,609,581 643,450 Loans on Real Estate. Demand Loans with Col lateral. $252,400 $1,121,748 195,900 1,401,150 Other Demand Loans. Time Loans with Col lateral. $113,000 $2,848,031 80,000 3,894,905 Other Time Loans. Banking Houses. Due from Reserve Banks. $916,771 $33,000 $854,871 1,518,247 33,000 2,568,476 1881 5 1,240,207 1,389,149 183,500 1,658,089 1,435,529 4,506,777 3,623,064 33,000 2,100,147 1882 5 1,230,212 1,968,599 153,800 921,851 1,230,216 3,087,998 5,950,107 33,000 2,476,314 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 3,929,109 1887 9 1,930,000 3,296,763 442,078 2,509,850 2,551,066 4,268,285 11,933,801 33,000 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 8,815,659 -* 1892 19 2,482,410 7,314,499 1,191,640 9,810,396 22,849,001 11,278,171 408,453 1893 22 1,367,127 7,559,600 1,258,765 8,313,778 -> 16,409,984 11,945,062 610,940 12,317,451 7,616,894 -> 677,653 17,633,583 1894 24 3,783,933 7,003,020 1,963,041 20,318,177 17,448,722 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 -i 25,523,218 21,343,240 864,742 17,532,727 1898 34 2,368,089 18,898,455 3,306,881 11,239,247 -* 29,924,166 22,424,668 879,076 22,728,203 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 3,559,879 16,762,126 1901 35 505,500 22t241,276 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 26,069,446 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 1904 41 52,667 32,964,825 4,832,324 1905 44 54,832 36,608,408 1906 46 6,659,026 32,565,893 6,149,126 34,824,407 31,638,493 40,753,957 26,976,691 1,146,639 19,731,537 22,092,149 2,392,107 24,904,962 74,189,357 3,556,859 27,232,262 4,520,595 45,764,178 51,672,412 3,856,004 25,244,716 6,624,890 34,879,270 4,999,834 42,757,552 59,495,276 4,657,368 25,158,012 4,381,416 40,002,160 61,128,698 4,876,046 25,916,821 1907 50 5,437,875 31,353,584 6,560,614 26,306,671 1908 52 5,680,721 33,795,341 5,968,266 30,617,598 5,858,675 43,647,418 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 6,743,098 46,164,189 73,023,727 6,436,471 36,808,861 97,177,624 8,290,718 27,695,972 1910 57 4,838,547 29,785,184 7,637,898 37,364,094 1911 62 4,138,133 34,113,583 8,819,764 40,151,455 8,372,708 51,613,068 119,941,583 8,152,519 33,286,384 1912 65 3,533,077 36,482,476 11,129,773 41,412,395 10,542,839 54,878,172 109,461,818 8,117,556 30,599,812 1913 70 3,808,112 38,771,923 11,831,708 45,862,470 10,899,731 48,964,031 112,702,804 8,855,368 35,238,193 3,705,487 36,079,362 12,692,364 38,368,667 13,301,249 57,831,513 127,810,271 8,078,748 37,709,534 1914 74 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 1916 91 4,789,319 43,683,802 23,221,210 55,652,318 20,596,817 84,083,172 178,109,473 8,317,428 51,773,177 1 The forms upon which the annual reports for these years were rendered did not show these items separately. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BAN K COMMISSIONER. No. 8.] X X X lll N o . 14. C o m p a n i e s f r o m 1879 t o 1916 i n c l u s i v e . Due from Currency Other and Banks. Specie. Other Assets. Total Assets and Liabilities. Capital Stock. Surplus and Undivided Earnings less Exp., Int. and Taxes. Deposits Demand. Deposits Time. Other Liabili ties. Year. - $154,519 $104,939 $8,768,848 $1,100,000 $280,264 $7,363,333 - $25,251 1879 - 134,924 98,799 12,178,432 1,237,200 375,054 10,261,770 - 304,408 1880 - 138,279 67,824 16,375,565 2,400,000 470,935 12,772,255 - 732,375 1881 - 200,514 52,858 17,305,469 2,600,000 602,054 13,776,389 - 327,026 1882 $989 190,534 61.10S 22,600,497 2,600,000 831,376 19,090,843 $49,393 28,885 1883 - 281,080 77,736 23,541,447 2,800,000 1,064,835 19,539,346 - 137,266 1884 - 289,748 43,714 27,015,020 2,800,000 1,117,847 22,993,613 - 103,560 1885 8,554 389,274 55,831 28,119,010 I 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 1899 55,593 3,846,567 415,013 130,478,585 11,475,000 9,830.755 107,308,805 - 1,864,025 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 1906 9,807,582 5,268,776 237,612,333 16,427,000 26,889,262 183,301,054 8,780,285 2,214,732 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 8,824,188 5,305,340 1912 6,756,409 24,146,996 3,975,763 351,813,508 26,092,700 37,226,663 274,609,979 9,131,384 4,752,782 1913 7,702,549 22,612,953 3,731,610 369,624,307 27,042,300 34,796,881 287,250,496 16,014,953 4,519.677 1914 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 8,032,337 28,439,835 7,558,194 514,257,082 30,575,000 36,642,052 409,995,664 26,035,917 11,008,449 1916 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPO RT OF THE XXXIV STATEM ENT P r in c ip a l A s se ts a n d L ia b il it ie s o f B o sto n United No. States and Mas Year. of Cos. sachusetts Bonds. Other Stocks and Bonds. $309,462 1879 2 $1,591,707 1880 3 1,402,381 453,050 1881 4 1,238,157 1882 4 1,221,462 1883 4 1884 4 1885 Loans on Real Estate. Demand Loans with Col lateral. Other Demand Loans. Time Loans with Col lateral. Other Time Loans. Banking Houses. Due from Reserve Banks. $113,000 $2,848,031 $287,000 - $742,590 80,000 3,894,905 684,114 - 2,375,901 1,487,750 1,435,529 4,506,777 2,478,710 - 1,968,614 901,351 1,230,216 3,087,998 4,611,502 - 2,298,420 1,434,220 3,915,637 7,753,752 - 3,094,105 2,477,091 2,900,508 8,433,165 - 3,365,117 3,763,793 6,732,551 - 4,784,298 3,626,533 $175,500 $1,106,223 162,500 1,375,050 1,203,749 159,800 1,783,199 132,400 1,373,194 1,556,868 111,100 1,268,433 1,322,850 1,558,254 93,178 1,295,252 4 2,472,302 1,490,954 206,178 2,596,682 2,700,705 1886 4 1,990,500 2,149,670 183,678 2,629,817 3,002,291 4,894,428 6,566,617 - 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 9,899,013 $216,327 8,383,776 1890 9 960,000 4,047,208 414,734 7,385,910 -1 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 10 2,299,985 6,472,711 838,175 9,197,368 21,990,117 4,895,610 295,927 7,723,407 1892 6,412,756 1893 11 1,128,977 6,798,028 853,513 7,521,211 7,015,752 458,350 11,258,657 11 3,431,733 6,093,235 1,417,551 6,491,921 -1 _1 15,333,372 1894 18,909,448 10,887,543 500,000 16,228,975 1895 15 3,446,798 6,074,975 1,808,725 9,895,693 .1 20,772,033 13,699,181 500,000 12,617,621 1896 14 7,167,819 1,559,350 7,461,738 -1 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 3,569,778 1899 16 1,928,044 17,584,573 2,014,851 17,336,749 1900 16 1,059,000 17,375,051 1901 16 505,000 18,643,195 2,457,391 14,015,601 9,049,453 -1 27,509,344 14,275,813 650,000 20,915,766 .1 33,403,284 14,433,141 926,442 19,594,697 —1 29,264,749 18,993,352 916,396 17,943,157 3,224,297 17,346,362 15,266,312 39,455,209 6,575,655 1,575,969 18,373,094 1902 18 50,000 22,905,331 3,677,631 22,017,398 7,924,578 40,543,057 12,661,173 2,005,084 23,380,113 1903 19 50,000 25,903,398 4,034,633 23,508,361 7,651,269 33,045,418 16,065,936 2,182,300 21,808,261 1904 20 52,117 27,499,732 3,244,527 1905 20 54,282 30,371,305 4,289,607 30,605,282 -1 35,555,336 -1 3,388,076 39,765,501 57,349,971 3,344,872 23,957,133 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 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 1909 23 3,805,909 24,785,494 3,354,605 31,771,481 1910 23 3,808,906 23,529,188 4,185,978 31,841,266 5,306,286 36,957,502 65,877,464 7,500,078 21,181,009 2,831,038 33,546,742 38,518,613 4,423,706 21,811,831 3,856,867 42,409,926 55,411,835 7,205,360 25,485,500 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 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 9,995,728 46,055,409 90,309,910 6,508,681 28,657,145 9,902,744 54,202,675 110,661,385 6,587,650 46,043,590 1913 24 1914 24 2,606,373 21,953,540 5,584,909 30,147,804 1915 26 2,824,634 24,087,673 7,207,447 34,999,667 29 3,037,237 21,458,628 10,844,530 44,928,667 15,857,354 69,055,351 131,758,865 6,622,188 40,774,654 1916 1 The forms upon which the annual reports for these years were rendered did not show these items separately. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No, BANK COMMISSIONER, XXXV N o . 15. T r u s t C o m p a n i e s f r o m 1879 t o 1916 i n c l u s i v e . Due from Currency Other and Banks. Specie. Other Assets. Total Assets and Liabilities. Capital Stock. Surplus and Undivided Earnings less Exp., Int. and Taxes. Deposits Demand. Deposits Time. Other Liabili ties. Year. - $74,131 $47,247 $7,294,891 $900,000 $245,717 $6,126,857 - $22,317 - 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 1882 1879 - 77,999 35,254 15,379,801 2,400,000 563,694 12,089,552 - 326,555 $989 95,779 43,370 20,647,447 2,400,000 762,978 17,406,224 $49,393 28,852 1883 159,429 58,474 21,663,318 2,600,000 968,468 17,957,617 - 137,233 1884 - 172,634 20,600 24,940,697 2,600,000 1,018,770 21,218,367 - 103,560 1885 - 227,049 50 25,270,633 2,701,500 1,294,118 21,108,443 - 166,572 1886 - 382,157 2,982 28,282,618 3,900,000 1,783,668 21,254,460 - 1,344,490 1887 - 346,442 41,725 35,227,557 3,900,000 2,122,446 28,174,880 - 1,030,231 1888 - 422,746 48,242 37,701,970 3,900,000 2,483,238 30,124,146 - 1,194,586 1889 - 724,488 68,720 41,663,961 5,550,000 3,714,415 31,790,357 - 609,189 1890 1891 - 1,314,518 94,901 46,577,104 6,250,000 4,334,342 35,148,231 - 844,531 - 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 1898 10,299 2,947,165 75,985 97,441,527 7,850,000 7,421,295 80,540,785 - 1,629,447 - 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 - 4,161,410 166,709 139,492,484 11,100,000 15,651,855 109,974,337 - 2,766,292 1902 1903 - 4,380,790 179,247 138,809,613 12,100,000 18,673,134 106,526,390 - 1,510,089 4,676,774 6,491,685 1,391,476 163,563,623 12,501,000 19,821,033 126,730,504 2,803,298 1,707,788 1904 2,754,490 8,133,129 1,582,324 181,113,725 12,501,000 20,756,530 143,238,007 2,311,815 2,306,373 1905 4,313,847 7,569,665 4,267,513 186,158,608 11,102,000 22,907,635 145,690,660 4,383,635 2,074,678 1906 2,381,653 9,012,924 5,219,294 173,513,072 11,552,000 23,700,281 132,839,193 2,704,150 2,717,448 1907 6,857,742 8,636,302 2,103,923 205,216,487 11,752,000 24,463,568 162,357,267 4,108,580 2,535,072 1908 6,047,627 13,944,113 2,037,384 220,116,101 12,152,000 25,425,250 170,162,557 8,995,830 3,380,464 1909 3,842,206 15,125,470 1,951,709 221,107,062 12,252,000 27,604,171 173,146,758 5,298,654 2,805,479 1910 7,641,463 17,314,048 2,463,148 263,644,623 15,050,000 26,423,810 204,952,703 14,235,391 2,982,719 1911 5,327,732 16,840,061 1,854,195 251,634,466 16,250,000 28,107,107 194,915,304 8,012,612 4,349,443 1912 6,236,917 18,676,214 2,684,567 259,826.071 17,250,000 29,394,421 201,752,811 7,217,219 4,211,620 1913 7,052,945 17,649,125 2,283,965 208,805,534 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 7,163,993 21,169,882 6,153,117 378,824,466 19,150,000 26,353,335 301,204,183 21,992,278 10,124,670 1916 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE XXXVI [Pub. Doc, STATEM ENT P r in c ip a l A s se t s a n d L ia b il i t ie s o p O u t s id e United No. States and Year. of Mas Cos. sachusetts Bonds. Other Stocks and Bonds. Loans on Real Estate. Demand Loans with Col lateral. Other Demand Loans. Time Loans with Col lateral. Other Time Loans. 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 2 235,400 45,200 19,283 1887 2 217,400 46,550 30,000 - 1888 5 65,500 295,410 34,625 3,000 1889 5 70,500 372,383 70,755 187,523 1890 5 90,500 343,472 94,690 234,192 373,414 - $18,650 2,013,963 33,000 256,321 $32,708 30,250 2,311,436 33,000 295,129 - 3,159,682 73,000 348,064 416,105 3,704,857 73,000 398,877 459,153 3,951,619 85,000 566,066 683,404 4,984,212 95,159 948,524 112,526 1,092,252 1,058,794 59,990 - 1891 8 138,500 1892 9 182,425 841,788 353,465 613,028 -> 858,884 6,382,561 1893 11 238,150 761,572 405,252 792,567 -i 1,076,612 4,929,310 152,590 1894 13 352,200 909,785 545,490 -i 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 1,529,867 6,956,860 177,653 1,240,921 1897 19 592,006 1,580,583 746,051 1,074,676 -i 2,156,506 8,261,894 214,742 1,558,704 1898 20 276,000 2,374,768 874,196 1,230,553 -> 2,414,822 8,148,855 229,076 1,812,437 1899 20 127,650 3,231,804 989,547 2,548,351 -* 2,396,592 7,929,210 228,036 1,488,441 1900 19 1,200 3,147,969 1,102,488 2,746,525 2,373,744 7,983,339 230,243 1,788,380 1901 19 500 3,598,081 1,080,186 2,974,381 4,151,863 2,594,429 4,465,337 238,354 2,180,461 1902 19 500 3,764,115 1,406,437 3,077,989 4,440,134 3,053,226 4,885,467 225,786 2,388,690 1903 22 550 5,079,236 1,469,613 3,355,965 5,035,629 5,404,333 6,026,213 209,807 3,096,701 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 5,998,677 16,706,724 232,564 3,664,115 167,608 586,969 1,124,973 -1 4,219,125 -i -> 5,198,621 1,132,519 -1 1906 26 1,400,662 5,354,057 2,471,839 4,125,006 1,553,502 6,707,920 20,652,925 377,210 5,146,417 1907 28 1,495,744 5,738,084 2,715,415 3,942,230 1,550,378 6,455,418 22,610,085 452,340 4,104,990 1908 29 1,462,959 6,596,096 2,959,476 4,110,548 1,575,418 8,098,636 23,492,503 560,033 5,362,889 1909 30 919,134 5,427,165 2,586,542 4,819,595 1,122,870 8,842,069 27,880,425 582,564 5,549,103 1910 34 1,029,641 6,255,996 3,451,920 5,522,828 1,436,812 9,206,687 31,300,160 790,640 6,514,963 1911 40 1,016,984 8,344,719 4,122,460 5,744,977 2,105,508 9,609,357 33,599,698 764,575 7,054,955 1912 43 1,018,024 8,980,796 5,961,357 6,961,275 2,598,427 9,908,677 35,525,511 967,874 6,623,501 1913 46 961,406 10,769,853 6,342.559 8,389,298 .2,657,022 10.2S9.262 36,516,165. 1,300.529 7,479,873 1914 50 3,305,521 11,776,104 37,500,361 1,570,067 9,052,389 1915 1916 1,099,114 14,125,822 7,107,455 8,220,863 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 62 1,752,082 22,225,174 12,376,680 10,723,651 4,739,463 15,027,821 45,964,035 1,695,240 10,998,344 1 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 B AN K COMMISSIONER, No. 8.] X X X V ll N o . 18. T rust C ompanies Due from Currency Other and Banks. Specie. from 1879 to 1916 inclusive . Surplus and Undivided Earnings less Exp., Int. and Taxes. Other Assets. Total Assets and Liabilities. Capital Stock. Deposits Demand. Deposits Time. Other Liabili ties. Year. - $80,388 $57,692 $1,473,957 $200,000 $34,547 $1,236,476 - $2,934 - 99,726 41,539 1,658,073 200,000 32,841 1,422,175 - 3,057 1880 - 104,550 18,817 1,813,743 200,000 38,616 1,574,896 - 231 1881 - 471 1882 - 122,515 17,604 1,925,668 200,000 38,360 1,686,837 - 94,755 17,738 1,953,050 200,000 68,398 1,684,619 - 121,651 19,262 1,878,129 200,000 96,367 1,581,729 - 1879 33 1883 - 33 1884 1885 117,114 23,114 2,074,323 200,000 99,077 1,775,246 - - $8,554 162,225 55,781 2,848,377 400,000 110,053 2,338,294 - 30 1886 30,345 157,502 64,354 3,248,674 500,000 161,143 2,587,516 - 15 1887 32,473 199,580 100,928 4,372,252 800,000 192,006 3,376,896 - 3,350 1888 29,770 241,465 92,335 5,657,570 900,000 225,416 4,528,854 - 3,300 1889 850 279,776 87,273 6,192,591 1,000,000 265,438 4,923,493 - 3,660 1890 14,495 287,957 120,155 8,400,397 1,525,000 320,685 6,550,932 - 3,780 1891 - 6,752 1892 - 25,211 1893 8,664 382,958 157,078 10,985,629 1,625,000 412,917 8,940,960 6,215 475,194 227,594 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 1894 2,420 661,083 264,798 15,595,596 2,725,000 663,012 12,199,082 - 8,502 1895 11,246 803,354 302,127 14,481,756 2,825,000 813,752 10,710,282 - 132,722 1896 36,625 531,420 368,578 17,121,785 3,025,000 899,934 13,114,050 - 82,801 1897 1898 55,708 712,527 350,583 18,479,525 3,025,000 929,560 14,504,164 - 20,801 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 1901 14,331 889,073 366,768 22,553,764 3,125,000 1,310,769 18,079,925 - 38,070 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 291,568 1,734,036 669,102 42,745,602 4,575,000 3,025,856 31,205,953 3,767,280 171,513 1905 1906 425,007 2,237,917 1,001,263 51,453,725 5,325,000 3,981,627 37,610,394 4,396,650 140,054 257,010 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 868,344 7,269,953 1,791,650 135,432,616 11,425,000 10,288,717 108,791,481 4,043,639 883,779 1916 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF THE XXXV111 STATEM ENT [Pub. Doc. N o . 17. B a n k in g D e p a r t m e n t s , A l l T r u s t C o m p a n ie s . Mar. 7, 1916 May 1, 1916 June 30, 1916 Sept. 12, 1916 Nov. 17,1916 79 83 89 84 91 Trust Com Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. panies. A ss e ts . S e c u r it ie s . United States bonds Massachusetts bonds Other stocks and bonds Securities acquired in settlement of indebtedness . . . . Federal Reserve Bank stock . Bonds deposited with U. S. Treas urer to secure postal savings deposits . . . . . . $113,575 3,967,002 42,641,997 $38,575 3,549,589 43,319,860 $13,575 3,568,327 43,115,531 $94,476 3,532,267 43,711,504 $45,351 3,707,101 42,939,605 360,000 367,500 321,441 360,000 340,661 360,000 384,197 360,000 676,512 765,787 846,421 1,053,929 1,036,867 19,068,646 48,251,979 20,598,096 68,264,202 149,826,197 48,531 464,111 1,956,710 20,052,612 49,906,388 23,254,659 67,381,195 152,750,769 82,314 443,013 2,076,801 21,401,038 51,496,462 21,556,784 73,363,746 168,565,109 118,570 442,813 3,185,416 21,981,379 54,072,614 18,898,412 72,074,175 174,509,363 115,931 342,637 2,362,493 2,497,097 - 23,221,210 55,652,318 20,596,817 76,319,150 177,722,900 112,082 274,491 2,789,245 4,974,777 - - L o a n s , e tc . Loans on real estate Demand loans with collateral Other demand loans Time loans with collateral Other time loans . . . . Overdrafts . . . . . Syndicate participations Acceptances . . . . . Acceptances rediscounted Acceptances bought and sold . - - - - - - 8,147,880 577,114 685,751 332,743 8,168,046 618,252 694,233 326,129 8,170,541 652,710 644,714 374,422 8,281,374 579,891 667,910 369,690 8,317,428 510,687 670,319 413,441 447,673 - 489,130 630,470 435,586 6,589 597,257 1,167,553 - 50,663,485 11,113,653 25,394,861 2,458,614 244,029 69,951,742 12,505,466 26,338,546 13,004,467 984,889 48,894,027 9,263,850 27,685,120 2,750,805 476,216 51,773,177 8,032,337 28,439,835 3,733,577 465,360 R e a l E s t a t e , e tc . Banking houses . . . . Real estate by foreclosure, etc. Safe deposit vaults . . . . Furniture and fixtures M isc e l l a n e o u s . Other a s s e t s ................................. Letters of credit outstanding . Bills of exchange . . . . - - - - C ash. Due from reserve banks . Due from other banks Currency and specie Checks on other banks . Other cash items . . . . 50,459,193 8,989,156 25,777,810 4,803,654 1,094,948 $456,303,361 $497,069,962 $489,952,851 $495,357,996 $514,257,082 L ia b ilit ie s . Capital stock . . . . . Surplus f u n d ................................. Undivided earnings, less expenses, interest and taxes paid Deposits, demand: — Subject to check . . . . For payment of coupons, etc. Certificates of deposit Certified 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 . . . . Reserved for interest Acceptances . . . . . Acceptances rediscounted Acceptances bought and sold . Letters of credit outstanding . Other liabilities . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $28,766,300 24,242,111 $29,570,100 24,556,889 $29,672,700 24,634,751 $30,247,700 25,413,251 $30,575,000 25,478,250 9,437,667 9,668,903 9,653,200 10,192,260 10,833,898 320,548,777 1,939,152 5,847,499 1,640,038 2,050,562 346,244,065 6,552,481 6,951,402 2,630,380 6,693,887 341,927,900 6,416,611 6,252,766 3,114,501 2,554,493 349,348,617 2,159,235 6,844,111 1,414,687 2,210,192 359,059,189 2,637,740 9,870,055 1,992,911 2,366,058 12,035,093 11,854,783 13,147,727 13,529,896 10,215,178 12,266,889 2,600,245 29,686,349 345,229 401,688 9,540 14,478,250 2,958,676 29,891,007 264,156 750,772 37,438 15,217,898 2,374,085 28,044,066 344,227 565,061 351,971 15,501,309 2,289,686 27,182,357 214,105 728,877 15,940 15.820,739 2,906,476 30,408,901 172,878 555,501 25,955 1,088,500 279,603 526,435 1,956,710 - 743,586 393,552 166,569 2,076,801 824,072 576,183 368,482 3,185,416 - 1,177,000 630,770 670,801 2,362,493 2,497,097 - - 1,201,500 260,884 329,904 2,789,245 4,974,777 1,167,553 614,490 634,974 $456,303,361 - 586,265 - 726,741 - 727,612 $497,069,962 $489,952,851 $495,357,996 $514,257,082 BANK COMMISSIONER, No. 8.] STATEM ENT XXXIX N o . 18. B a n k in g D e p a r t m e n t s , T r u s t C o m p a n ie s in B o s t o n . Mar. 7, 1916 May 1, 1916 June 30, 1916 Sept. 12, 1916 Nov. 17,1916 25 28 28 28 29 Trust Com Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. panies. A ss e ts . S e c u r it ie s . United States bonds Massachusetts bonds Other stocks and bonds . Securities acquired in settlement of indebtedness . . . . Federal Reserve Bank stock . Bonds deposited with U. S. Treas urer to secure postal savings dep o s i t s .......................................... $13,475 2,795,622 23,268,583 $38,475" 2,291,132 23,113,136 $13,475 2,369,656 22,959,901 $12,476 2,433,816 22,145,223 $9,151 2,447,172 20,938,251 360,000 363,900 141,871 360,000 162,246 360,000 160,377 360,000 394,914 404,435 503,139 580,914 5S0.914 8,581,464 38,781,450 17,040,424 54,373,576 112,240,338 25,813 450,191 1,956,710 9,390,000 40,434,103 19,397,483 53,521,194 113,745,303 52,466 429,093 2,076,801 10,160,706 41,715,882 17,774,090 58,754,486 126,525,230 80,575 428,893 3,185,416 - 10,301,726 43,667,287 14,883,819 57,372,264 130,146,471 79,204 328,717 2,362,493 2,497,097 10,844,530 44,928,667 15,857,354 61,291,329 131,758,865 77,837 260,571 2,789,245 - L o a n s , e tc . Loans on real estate Demand loans with collateral Other demand loans Time loans with collateral Other time loans . . . . Overdrafts . . . . . Syndicate participations A c c e p t a n c e s ................................. Acceptances rediscounted Acceptances bought and sold . - - - - - - 4,974,777 6,586,774 197,420 422,753 118,226 6,586,525 210,213 427,113 111,068 6,586,025 204,017 425,613 113,592 6,623,250 203,349 425,488 J16.131 6,622,188 186,656 425,448 146,736 278,646 294,400 - 436,190 286,785 384,293 1,167,553 - - - R e a l E s t a t e , e tc . Banking houses . . . . Real estate by foreclosure, etc. Safe deposit vaults . . . . Furniture and fixtures M isc e l l a n e o u s . Other a s s e t s ................................. Letters of credit outstanding . Bills of exchange . . . . - - - - 6,589 - C ash . Due from reserve banks . Due from other banks Currency and specie Checks on other banks . Other cash items . . . . 39,981,484 10,216,246 19,102,465 1,831,639 121,615 58,535,994 11,443,353 19,304,653 12,251,687 800,847 40,106,416 8,199,315 19,473,981 4,176,247 979,817 37,558,508 8,538,843 19,931,827 2,259,168 326,867 40,774,654 7,163,993 21,169,882 3,119,666 384,357 $339,139,828 $375,223,374 $365,674,533 $363,610,558 $378,824,466 Liabilities. 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 borr o w e d ......................................... Reserved for taxes . . . . Reserved for interest Acceptances . . . . . Acceptances rediscounted Acceptances bought and sold . Letters of credit outstanding . Other liabilities . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $18,350,000 18,372,500 $18,950,000 18,467,500 $18,950,000 18,467,500 $18,950,000 18,970,000 $19,150,000 19,015,000 6,177,400 6,530,905 6,521,615 6,704,107 7,060,190 236,726,298 1,875,065 2,829,563 1,403,825 • 1,920,854 258,833,203 6,516,219 3,592,404 2,352,376 6,464,645 252,091,419 6,337,807 2,811,130 2,687,857 2,395,654 253,126,486 2,044,199 2,909,968 1,211,808 2,047,248 259,832,980 2,598,132 5,666,904 1,773,064 2,172,657 10,397,209 10,276,346 11,260,852 11,459,102 7,943,658 9,584,204 2,014,203 25,136,258 345,229 392,194 6,440 11,724,168 2,163,932 25,111,730 264,156 738,383 30,308 13,011,211 1,931,383 23,439,762 344,227 531,405 196,880 12,920,564 1,821,092 23,376,102 214,105 711,642 5,710 14,048,620 2,224,915 26,209,996 172,878 530,055 22,602 601,500 262,298 489,144 1,956,710 328,586 350,865 129,381 2,076,801 - - 185,000 514,621 332,795 3,185,416 702,000 563,682 614,636 2,362,493 2,497,097 536,500 255,838 278,145 2,789,245 477,999 398,517 298,934 321,466 - _ _ 4,974,777 1,167,553 400,757 $339,139,828 $375,223,374 $365,674,533 $363,610,558 $378,824,466 xl REPO RT OF THE STATEM ENT [Pub. Doc, N o . 19. B a n k in g D e p a r t m e n t s , T r u s t C o m p a n ie s o u t s id e o p B o s t o n . Mar. 7, 1916 May 1, 1916 June 30, 191( Sept. 12,19ie Nov. 17,1916 54 55 56 61 62 Trust Com Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. panies. A ss e ts . S e c u r it ie s . United States bonds Massachusetts bonds Other stocks and bonds . Securities acquired in settlement of indebtedness . . . . Federal Reserve Bank stock . Bonds deposited with U. S. Treas urer to secure postal savings dep o s i t s ................................. ........ $100,100 1,171,380 19,373,414 - $100 1,258,457 20,206,724 - 3,600 $100 1,198,671 20,155,630 179,570 - $82,000 $36,200 1,098,451 ' 1,259,929 21,566,281 22,001,354 178,415 - 223,820 281,598 361,352 343,282 473,015 455,953 10,487,182 9,470,529 3,557,672 13,890,626 37,585,859 22,718 13,920 10,662,612 9,472,285 3,857,176 13,860,001 39,005,466 29,848 13,920 11,240,332 9,780,580 3,782,694 14,609,260 42,069,879 37,995 13,920 11,679,653 10,405,327 4,014,593 14,701,911 44,362,892 36,727 13,920 12,376,680 10,723,651 4,739,463 15,027,821 45,964,035 34,245 13,920 1,561,106 379,694 262,998 214,517 1,581,521 408,039 267,120 215,061 1,584,516 448,693 219,101 260,830 1,658,124 376,542 242,422 253,559 1,695,240 324,031 244,871 266,705 169,027 194,730 194,280 148,801 212,964 10,682,001 897,407 6,292,396 626,975 122,414 11,415,748 1,062,113 7,033,893 752,780 184,042 10,352,777 789,841 6,303,829 627,407 115,131 11,335,519 725,007 7,753,293 491,637 149,349 10,998,523 868,344 7,269,953 613,911 81,003 L o a n s , e tc . 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 e a l E s t a t e , e tc . Banking houses . . . . Real estate bv foreclosure, etc. Safe deposit vaults . . . . Furniture and fixtures M isc e l l a n e o u s . 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 . . . . $117,163,533 $121,846,588 $124,278,318 $131,747,438 $135,432,616 L ia b ilit ie s . 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, corporations . Dividends unpaid . . . . Bills payable, including certificates of deposit representing money borr o w e d ......................................... Reserved for taxes . . . . Reserved for interest O ther liabilities . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $10,416,300 5,869,611 $10,620,100 6,089,389 $10,722,700 6,167,251 $11,297,700 6,443,251 $11,425,000 6,463,250 3,260,267 3,137,998 3,131,585 3,488,153 3,773,708 83,822,479 64,087 3,017,936 236,213 129,708 87,410,862 36,262 3,358,998 278,004 229,242 89,836,481 78,804 3,441,636 426,644 158,839 96,222,131 115,036 3,934,143 202,879 162,944 99,226,209 39,608 4,203,151 219,847 193,401 1,637,884 1,578,437 1,886,875 2,070,794 2,271,520 2,682,685 586,042 4,550,091 9,494 3,100 2,754,082 794,744 4,779,277 12,389 7,130 2,206,687 442,702 4,604,304 33,656 155,091 2,580,745 468,594 3,806,255 17,235 10,230 1,772,119 681,561 4,198,905 25,446 3,353 487,000 17,305 37,291 336,040 415,000 42,687 37,188 264,799 639,072 61,562 35,687 248,742 475,000 67,088 56,165 329,095 665,000 5,046 51,759 213,733 $117,163,533 $121,846,588 $124,278,318 $131,747,438 $135,432,616 No, BAN K COMMISSIONER, STATEM ENT xli N o . 20. S a v in g s D e p a r t m e n t s , A l l T r u s t C o m p a n ie s . Mar. 7,1916 May 1, 1916 June 30,1916 Sept. 12,1916 Nov. 17,1916 44 50 51 55 56 Trust Com Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. panies. A ss e ts . I n v e st m e n t s a u t h o r iz e d f o b S a v in g s B a n k s . Public f u n d s ................................. Railroad bonds and note3 Street railway bonds Boston Terminal Company bonds . Telephone company bonds Miscellaneous bonds National bank and trust company s t o c k .......................................... Loans on real estate Loans on personal security Real estate by foreclosure and in p o s s e s s io n ................................. Securities acquired in settlement of indebtedness . . . . Other a s s e t s ................................. Due from national banks and trust c o m p a n ie s ................................. Cash (currency and specie) Checks and other cash items . $1,146,367 3,676,651 1,818,707 1,990 408,906 429,274 $1,181,593 4,363,161 1,983,067 11,850 415,603 310,296 $1,170,526 4,872,028 2,026,166 1,990 460,767 253,607 $1,256,868 5,322,063 2,134,760 1,990 485,765 43,725 $1,316,833 5,821,299 2,218,690 1,990 510,175 321,699 15,424,947 6,456,808 384,321 16,342,320 7,299,351 442,553 18,144,553 8,067,507 445,983 20,002,954 9,108,964 658,257 21,859,053 10,212,839 — 6,143 6,144 6,143 6,144 6,254 34,500 9,041 32,500 11,930 26,000 24,740 26,000 12,326 12,000 20,107 1,522,398 160,185 5,543 1,988,153 209,534 17,401 1,650,288 214,955 17,099 2,017,273 115,412 4,534 1,485,084 99,829 8,917 $31,423,159 $34,557,224 $37,378,922 $40,984,761 $44,231,327 $31,033,853 19,765 82,234 $34,072,070 20,233 101,719 $36,840,951 19,483 86,708 $40,362,604 26,046 88,065 $43,636,162 27,964 140,552 251,486 21,916 13,905 276,641 58,556 28,005 311,640 61,106 59,034 414,008 21,976 72,062 298,645 43,757 84,247 $31,423,159 $34,557,224 $37,378,922 $40,984,761 $44,231,327 L ia b ilit ie s . D ep osits.......................................... Guaranty fund . . . . Profit and loss . . . . . Interest, rent, etc., less current ex penses . . . . . . Reserved for interest Other liabilities . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF THE xlii STATEM ENT [Pub. Doc, N o. 21. Sa v in g s D e p a r t m e n t s , T r u s t C o m p a n ie s in B o s t o n . Mar. 7, 1916 May 1, 1916 June 30, 1916 Sept. 12,1916 Nov. 17,1916 21 20 15 19 21 Trust Com Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. panies. A ss ets . I n v e st m e n t s a u t h o r iz e d f o r S a v in g s B a n k s . Public f u n d s ................................. Railroad bonds and notes Street railway bonds Boston Terminal Company bonds . Telephone company bonds National bank and trust company Loans on real estate Loans on personal security Securities acquired in settlement of indebtedness . . . . Other a s s e t s ................................. Due from national banks and trust Cash (currency and specie) Checks and other cash items . $611,310 1,620,046 791,179 1,990 151,234 $660,386 1,820,633 880,883 1,990 129,519 $654,733 2,156,359 862,866 1,990 168,108 $660,231 2,347,505 908,481 1,990 182,784 $735,545 2,784,810 932,588 1,990 241,923 159,687 7,218,378 3,345,816 204,958 7,634,935 3,891,882 224,895 8,812,192 4,372,606 226,265 9,852,198 5,085,385 407,604 10,859,421 5,817,785 15,000 3,076 14,000 4,275 14,000 3,922 14,000 3,916 7,804 702,129 76,670 4,994 1,013,529 118,824 17,026 794,633 135,870 15,970 1,084,218 59,861 1,683 654,465 39,927 8,489 $14,701,509 $16,392,840 $18,218,144 $20,428,517 $22,492,351 $14,440,485 11,018 70,182 $16,144,801 11,518 78,629 $17,879,104 12,306 75,713 $19,991,168 16,580 79,935 $22,129,994 17,380 125,276 175,532 142,197 _ L ia b ilit ie s . Deposits . . . . . . Guaranty fund . . . . Profit and loss . . . . . Interest, rent, etc., less current ex penses . . . . . . Reserved for interest Other liabilities . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 195,881 277,425 4,292 3,695 55,140 63,409 136,844 82,857 $14,701,509 $16,392,840 $18,218,144 $20,428,517 $22,492,351 - 12,000 - BAN K COMMISSIONER No. 8.] STATEM ENT xliii N o . 22. S a v in g s D e p a r t m e n t s , T r u s t C o m p a n ie s o u t s id e o f B o s t o n . Mar. 7, 1916 May 1, 1916 June 30,1916 Sept. 12,1916 Nov. 17, 1916 31 34 29 31 35 Trust Com Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. panies. A ss e ts . I n v e st m e n t s a u t h o r iz e d f o r S a v in g s B a n k s . Public f u n d s ................................. Railroad bonds and notes Street railway bonds Boston Terminal Company bonds . Telephone company bonds Miscellaneous bonds National bank and trust company Loans on real estate Loans on personal security Real estate by foreclosure and in p o s s e s s io n ................................. Securities acquired in settlement of indebtedness . . . . Other assets . . . . . Due from national banks and trust c o m p a n ie s ................................. Cash (currency and specie) Checks and other cash items . $515,793 2,715,669 1,163,300 $596,637 2,974,558 1,226,279 $581,288 3,036,489 1,286,102 257,672 429,274 $521,207 2,542,528 1,102,184 9,860 286,084 310,296 292,659 253,607 302,981 43,725 268,252 162,012 8,206,569 3,110,992 179,363 8,707,385 3,407,469 217,658 9,332,361 3,694,901 219,718 10,150,756 4,023,579 250,653 10,999,632 4,395,054 $535,057 2,056,605 1,027,528 - - - - - 6,143 6,144 6,143 6,144 6,254 19,500 5,965 18,500 7,655 12,000 20,818 12,000 8,410 12,000 12,303 820,269 83,515 549 974,624 90,710 375 855,655 79,085 1,129 933,055 55,551 2,851 830,619 59,902 428 $16,721,650 $18,164,384 $19,160,778 $20,556,244 $21,738,976 $16,593,368 8,747 12,052 $17,927,269 8,715 23,090 $18,961,847 7,177 10,995 $20,371,436 9,466 8,130 $21,506,168 10,584 15,276 75,954 21,916 9,613 134,444 46,556 24,310 115,759 61,106 3,894 136,583 21,976 8,653 161,801 43,757 1,390 $16,721,650 $18,164,384 $19,160,778 $20,556,244 $21,738,976 L ia b ilit ie s . D e p osits......................................... Guaranty fund . . . . Profit and loss . . . . . Interest, rent, etc., less current ex penses . . . . . . Reserved for interest Other liabilities . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xliv REPO RT OF TH E STATEM ENT [Pub. Doc, N o . 23. A ggregate of T ru st D epartm en ts. Nov. 17, 1916 39 Trust Com panies in all. Nov. 17, 1916 Nov. 17, 1916 13 26 Companies in Companies out Boston. side of Boston. A ss e ts . S e c u r it ie s . United States b o n d s .................................................. State b o n d s .................................................. City, county and town b o n d s ................................. Railroad_ b o n d s .......................................................... Street railway bonds . . . . . . . Miscellaneous b o n d s .................................................. Bank s tock s................................................................... Railroad s t o c k .......................................................... Manufacturing s t o c k .................................................. Miscellaneous s t o c k .................................................. L oa n s. Loans on real e s t a t e .................................................. Loans with collaterals or sureties . . . . Notes of in d iv id u a ls .................................................. Notes of corporations.................................................. $61,911 989,019 2,931,396 3,861,423 891,130 8,826,592 1,712,686 17,'852,724 4,517,329 19,551,752 $46,544 899,250 2,504,517 3,451,686 661,322 7,723,875 911,478 15,336,395 2,982,098 16,587,076 $15,367 89,769 426,879 409,737 229,808 1,102,717 801,208 2,516,329 1,535,231 2,964,676 26,936,027 422,820 97,033 124,787 18,883,073 313,495 56,674 9,750 8,052,954 109,325 40,359 115,037 8,419,110 192,473 6,789,024 186,173 1,630,086 6,300 307,740 219,411 501,191 259,502 219,411 473,409 48,238 1,345,009 2,083,345 24,726 636,804 1,221,795 3,721 708,205 861,550 21,005 $101,869,634 $80,157,072 $21,712,562 $89,502,442 10,835,773 1,348,775 2,993 179,651 $72,260,693 6,702,352 1,184,158 2,993 6,876 $17,241,749 4,133,421 164,617 $101,869,634 $80,157,072 $21,712,562 R e a l E sta te . Real estate o w n e d .................................................. Real estate by fore clo su re .......................................... M is c e l l a n e o u s . Trust fund a g r e e m e n t s .......................................... A n n u i t i e s ................................. ........ S u n d r i e s ................................................................... 27,782 C ash . Deposits in savings b a n k s .......................................... Deposits in national banks or trust companies . Cash on h a n d .......................................................... L ia b ilit ie s . On trust a c c o u n t s .................................................. As executors, administrators, etc. . . . . In com e........................................................................... Dividends . . . . . . . . . S u n d r i e s ................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 172,775 BAN K COMMISSIONER, No. 8.] STATEM ENT x lv N o . 24. R eserves. O f Trust Companies in Boston. C la s sif ic a tio n of R e s e r v e . T o t a l A m o un t c a r r ie d in C a s h , R eserve B a n k s, DATE OF CALL. No. of Cos. Net Demand Deposits. Reserve required. U. S. AND M a ss . B o n d s . Amount. 1916. Amount. Per Cent, of De posits. U. S. and Mass. Bonds. Due from Reserve Banks. 7.47 $2,809,097 $35,669,238 26.40 19,304,653 7.06 2,329,607 50,536,948 57,534,588 20.92 19,473,981 7.08 2,383,131 35,677,476 271,488,523 54,297,705 55,680,548 20.51 19,931,827 7.34 2,446,292 33,302,429 281,584,578 56,316,916 55,767,846 19.81 21,169,882 7.52 2,456,323 32,141,641 25 $255,552,375 $51,110,475 $57,580,800 May 1 28 273,370,731 54,674,146 72,171,208 June 30 28 275,087,390 55,017,478 Sept. 12 28 29 . CASH. 22.53 $19,102,465 Mar. 7 Nov. 17 Per Cent, of De posits. O f Trust Companies outside o f Boston. 1916. Mar. 7 54 May 1 55 56 June 30 $90,299,232 $13,544,885 $17,659,835 19.56 $6,292,396 6.97 $1,271,480 $10,095,959 18,913,454 20.06 7,033,893 7.46 1,258,557 10,621,004 17,412,675 17.90 6,303,829 6.48 1,198,771 9,910,075 7,753,293 7.51 1,180,451 10,866,925 7,699,953 6.82 1,296,129 10,316,962 21.76 $25,394,861 94,284,882 14,142,732 97,284,551 14,592,683 Sept. 12 . 61 103,236,974 15,485,546 19,800,669 18.21 Nov. 17 .. 62 106,602,219 15,990,333 18,883,044 17.71 O f A ll Trust Companies. 1916. Mar. 7 79 $345,851,607 $64,655,360 $75,240,635 7.34 $4,080,577 $45,765,197 May 1 83 367,655,613 68,816,878 91,084,662 24.77 26,338,546 7.16 3,588,164 61,157,952 June 30 84 372,371,941 69,610,161 74,947,263 20.13 25,777,810 6.92 3,581,902 45,587,551 Sept. 12 . 89 374,725,497 69,783,251 75,481,217 20.14 27,685,120 7.39 3,626,743 44,169,354 Nov. 17 . 91 388,186,797 72,307,249 74,650,890 19.23 28,439,835 7.33 3,752,452 42,458,603 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xlvi REPO RT OF THE STATEM ENT [Pub. Doc. N o . 25. E a r n in g s a n d D iv id e n d s o p A l l T r u s t C o m p a n ie s . From Nov. 10, 1915, to Nov. 17, 1916. a From Oct. 31, 1914, to Nov. 10, 1915. From Oct. 21, 1913, to Oct. 31, 1914. $23,433,582 70 $19,110,199 52 $20,985,507 41 Gross earnings Less interest paid to depositors in banking departments $8,016,852 75 $6,698,696 19 Less interest paid to depositors in savings departments 1,209,674 77 776,702 07 599,218 26 Less expenses, taxes, premiums and losses 8,317,739 24 9,163,408 46 10,895,073 20 Total d e d u c t i o n s .......................................... Net earnings . . . . . . . $17,544,266 76 $16,638,806 72 $17,599,692 64 . Dividends p a i d .................................................. Undivided earnings for year . . . . . . . . . $5,889,315 94 $2,471,392 80 $3,385,814 77 2,850,347 39 2,658,324 50 2,617,201 00 $3,038,968 55 Undivided earnings of previous years Total . 9,464,917 79 . . $6,105,401 18 . $12,503,886 34 Transferred to s u r p l u s .......................................... $186,931 70' 10,080,289 36 $768,613 77 9,566,396 53 $9,893,357 66 $10,335,010 30 $919,500 00 $422,000 00 12,428 81 6,439 87 4,800 94 Total d e d u c t i o n s .......................................... $931,928 81 $428,439 87 $254,720 94 Net undivided e a r n in g s .......................................... $11,571,957 53 Transferred to guaranty fund of savings departments 1 N um ber of $249,920 00 $9,464,917 79 $10,080,289 36 Deficit. D e p o s it o r s . The total number of depositors in trust companies on the date of the last call of each year for the last ten years is given below: — Date. * Number of Depositors. 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 November 26, 1912 ........................................................................................................ 203,308 233,446 October 21, 1913 259,072 October 31, 1914 299,261 November 10, 1915 347,471 November 17, 1916 437,003 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. STATEM ENT xlvii N o . 26. T a b l e s h o w in g R e s u l t s o f V e r if ic a t io n o f P a s s B o o k s in S a v in g s D e p a r t m en ts of T r u s t C o m p a n ie s . 1916. Number of accounts at beginning of termsof verification . . Number of accounts v e r i f i e d .................................. 46,935 Percentage v e r i f i e d ..................................................... 4 7 .7 9 Am ount of deposits at beginning of terms of verification . 96,104 . $30,414,313 19 Am ount of deposits v e r i f i e d ...................................................................$16,489,453 79 Percentage v e r i f i e d ............................................... ......... Number of accounts in which errors werefound . . . . . . 5 4 .2 1 . 215 Percentage of accounts v e r i f i e d ........................ .4 5 Number of banks finding no e rro rs........................ 6 E x p e n s e o f V e r if ic a t io n . 1916 . L a b o r ................................................................................................................. $1,523 25 A d v e r tis in g ........................................................................................................ 1,083 22 P r i n t i n g ........................................................................................................ 553 98 P o s t a g e ........................................................................................................ 1,395 04 . $4,555 49 Cost per book v e r i f i e d ............................................................................ Total e x p e n s e s ........................................................., $ 0 ,0 9 7 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . REPORT OF TH E xlviii [Pub. Doc. S T A T E M E N T N o . 27. L is t of L egal In vestm ents. The following is a list of bonds and notes which, in the opinion of this department, are now legal investments under the provisions of clauses second, third, fourth, fifth and sixth of section 68 of chapter 590, Acts of 1908. Clause second, relating to investments in public funds, has been applied only to those counties, cities, towns and districts which appear to have bonds or notes outstanding, and from which debt statements could be obtained. Clause third is the general law relating to railroad bonds. Clause fourth provides that issues which complied with the old law shall continue, under certain conditions, to be legal investments. The banks may not only con tinue to hold such bonds, but may invest further in them. In this list the bonds which do not comply with clauses second and third, but continue legal through clause fourth, are printed in italics and the reason in each case is explained in the footnotes. Clause fifth relates to investments in street railway bonds, and clause sixth to investments in telephone company bonds. Investment in bonds or notes of cities, towns and districts men tioned in the list should not be made without further inquiry, as both their indebtedness and their valuations for the assessment of taxes are constantly changing. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xlix BAN K COMMISSIONER, No, 80 Public Funds. (Covering counties, cities, towns and districts which appear to have bonds or notes outstanding, and from which debt statements could be obtained.) Public funds of the United States and of the following States: — New Hampshire Maine California New Jersey Massachusetts Connecticut New York Michigan Delaware Ohio Minnesota Illinois Oregon Missouri Indiana Pennsylvania Nebraska Iowa Rhode Island Vermont Washington Wisconsin District of Columbia Bonds or notes of the following counties, cities, towns and districts in New England: — N e w H a m p s h ir e . M a in e . County. Kennebec Cities. Auburn Augusta Bangor Bath Belfast Biddeford Brewer Calais Eastport Ellsworth Old Town Saco South Portland Waterville Towns. Boothbay Harbor Camden Caribou Fairfield Lisbon Lubec Sanford Thomaston Yarmouth Water Districts. Augusta Bath Gardiner Kennebec Kittery* Portland Van Buren* Counties. Hillsborough Merrimack Rockingham Cities. Berlin Concord Dover Franklin Keene Laconia Manchester Nashua Rochester Towns. Ashland Boscawen Derry Gorham Haverhill Milford Northumberland Pembroke Peterborough Plaistow Raymond Salem Walpole Wolfeboro Water District. North Conway* V erm ont. Cities. Barre Burlington Montpelier Rutland St. Albans Vergennes Towns. Bennington Brattleborough Hartford Rockingham C o n n e c t ic u t . Cities. Ansonia Bridgeport Bristol Danbury Hartford Meriden Middletown New Britain New Haven New London Putnam Waterbury Willimantic M a ssa c h u se t t s . Bonds or notes of any county, city, town or incorporated district! of the Commonwealth of Massachusetts R h o de I sl a n d . Cities. Cranston Newport Providence WoonsocketX Towns. Barrington Bristol Burrillville Coventry Cumberland East Greenwich East Providencet Johnston§ LincolnX North Kingstown North Smithfield South Kingstown Tiverton Warren Westerly Towns. Branford Canton Darien East Haddam East Lyme Enfield Essex Fairfield Hamden Madison Manchester Meriden Milford Newtown Norfolk Norwich Orange Plainville Southington Stafford Stamford Thomaston Torrington Wallingford Watertown * Less than 5,000 inhabitants within the district, therefore only bonds issued prior to June 8, 1908, are legal. t This department has been unable to learn of any incorporated district in Massachusetts the net indebtedness of which is in excess of the limit prescribed by law. Î Net indebtedness, as defined by new law, in excess of legal limit, therefore only bonds issued prior to June 8, 1908, are legal. § Only those which have been assumed by the city of Providence. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF TH E 1 [Pub. Doc. Legally authorized bonds for municipal purposes, etc., of the following cities outside of New England: — Akron, O. Albany, N. Y. Allentown, Penn. Altoona, Penn. Auburn, N. Y. Baltimore, Md. Binghampton, N. Y. Buffalo, N. Y. Camden, N. J. Canton, O. Cedar Rapids, la. Chicago, 111. Cleveland, O. Columbus, O. Council Bluffs, la. Davenport, la. Dayton, O. Decatur, 111. Detroit, Mich. Dubuque, la. Duluth, Minn. Elmira, N. Y. Flint, Mich. Ft. Wayne, Ind. Grand Rapids, Mich. Hamilton, O. Harrisburg, Penn. Indianapolis, Ind. Jackson, Mich. Jersey City, N. J. Johnstown, Penn. Joliet, 111. Joplin, Mo. Kalamazoo, Mich. Kansas City, Mo. La Crosse, Wis. Lakewood, O. Lancaster, Penn. Lansing, Mich. Lima, O. Lorain, O. Los Angeles, Cal. Louisville, Ky. McKeesport, Penn. Milwaukee, Wis. Minneapolis, Minn. Newark, N. J. New Castle, Penn. Oakland, Cal. Omaha, Neb. Oshkosh, Wis. Paterson, N. J. Philadelphia, Penn. Pittsburgh, Penn. Quincy, 111. Reading, Penn. Rochester, N. Y. Rockford, 111. Saginaw, Mich. St. Joseph, Mo. St. Louis, Mo. St. Paul, Minn. San Francisco, Cal. Scranton, Penn. Seattle, Wash. Sioux City, la. South Bend, Ind. Spokane, Wash. Springfield, Mo. Springfield, O. Superior, Wis. Syracuse, N. Y. Terre Haute, Ind. Toledo, O. Trenton, N. J. Trov, N. Y. Wilkes-Barre, Penn. Williamsport, Penn. York, Penn. Youngstown, O. R a il r o a d B o n d s . BANGOR & AROOSTOOK SYSTEM.f, U Bangor & Aroostook R .R . t, 11 First “ “ “ Piscataquis Division^, 1f “ “ “ Van Buren Extensionf. If ** # “ “ “ Medford “ f. If Aroostook Northern R .R . t, 1 Northern Maine Seaport R .R . t, 1f . . . R.R. and terminal first Boston & Lowell R.R. BOSTON & MAINE SYSTEM. Plain “ ** ** Connecticut & Passumpsic Rivers R.R. Concord & Montreal R.R. Connecticut River R.R. Fitchburg R.R. First Consolidated mortgage Plain “ “ 44 “ M “ Troy & 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 Ry 44 First Plain First “ MAINE CENTRAL SYSTEM. Collateral trust First and refunding — — — . First . • . . . . . . 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 1943 1943 1943 1937 1947 1935 4s 4s 3 is 3 is 3 is 3 is 4s 4s 4s 4s 4}s 5s 4s 4s 3 is 3is 4s 3 is 4s 3 is 4s 4s 4s 4 is 4is 4Js 5s 4s 7s 3is 4s 4 is 1917 1918 1919 1921 1923 1925 1926 1927 1929 1932 1933 1936 1943 1920 1921 1923 1943 1920 1920 1921 1925 1927 1928 1928 1932 1933 1934 1937 1924 1923 1924 1940 5s 4^ 5s 4s 6s 4s 4s 4s 4s 1923 1935 1919 1920 1923 1920 1917 1929 1933 li BAN K COMMISSIONER No. 8.] M AINE CENTRAL SYSTEM — Concluded. Mortgage Extension mortgage First Washington County Ry. . Consolidated . Portland & Rumford Falls Ry. Portland & Ogdensburg R.R. First Somerset Ry. . First and refunding Upper Coos R.R. 4s 4$s 3*s 4s 4 is 5s 4s 1930 1930 1954 1926 1928 1917 1955 4s 4is 4s 4s 4s 4s 3is 4s 1918 1951 1927 1924 1925 1938 1932 1947 4s 4s 4s 5s 5s 5s 1995 1958 1928 1937 1928 1940 5s 4is 3Js 4s 3*s 4s 3ès 4|s 5s 5s 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 NEW YORK, NEW HAVEN & HARTFORD SYSTEM. Boston & Providence R.R. Holyoke & Westfield R.R. Norwich & Worcester R.R. . . . Old Colony R.R. . . . Providence & Worcester R.R. . . . . . . . . . . . . . . . . . . . . . . . . Plain First Debenture i Plain . j « . First ATCHISON, TOPEKA & SANTA FE RAILWAY SYSTEM. Atchison, Topeka & Santa Fe Ry. . . . “ “ “ Trans. Short Line “ “ “ “ East Oklahoma Chicago, Santa Fe & California Ry. Hutchinson & Southern Ry. San Francisco & San Joaquin Valley Ry. . . . . . . General mortgage . First “ . . . BALTIMORE & OHIO SYSTEM. Refund, and gen. mtg. Convertible . Prior lien First Pitts. Jc. & Mid. Div. Refunding Pitts., Lake Erie & West Va. Southwestern Division First Central of Ohio R.R. Consolidated . Cleveland, Lorain & Wheeling Ry. General Refunding First Cleveland, Terminal & Valley R.R. Huntington & Big Sandy R.R. . Monongahela River R.R. . Ohio River R.R. . • . General First Pittsburgh, Cleveland & Toledo R.R. Ravenswood, Spencer & Glenville Ry. West Virginia & Pittsburgh R.R. Schuylkill River East Side R.R. Baltimore & Ohio R.R. 4J-S CENTRAL OF NEW JERSEY SYSTEM. Central R.R. of New Jersey . . . . . . General CHICAGO & NORTHWESTERN SYSTEM. Chicago & Northwestern Ry. Northwestern Union Ry. . Milwaukee, Lake Shore & Western Ry. Marshfield Extension Michigan Division Ashland “ Ext. and imp. . . . Wisconsin Northern Ry. . . . Boyer Valley Ry.* . . . . Minnesota & Iowa Ry. . . . Princeton & Northwestern Ry. . Peoria & Northwestern Ry.* Mankato & New Ulm Ry.* Fremont, Elkhorn & Missouri Valley R.R. . Minnesota & South Dakota Ry.* Iowa, Minnesota & Northwestern Ry. Sioux City & Pacific R.R. . . . . Manitowoc, Green Bay & North Western Ry. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis General 1987 Extension Sinking fund mortgage First Consolidated . First 1926 1929 1917 1921 1922 1924 1925 1929 1931 1923 1924 1926 1926 1929 1933 1935 1935 1936 1941 Mortgage First Consolidated First * Secured on less than 100 miles of railroad. 6s 5s 4s 3*s 3*s 3is 3ès 3ès 6s 3ès 3ès 3*s 3ès lii REPO RT OF TH E [Pub. Doc. CHICAGO, BURLINGTON & QUINCY SYSTEM. Chicago, Burlington & Quincy R.R. . . . . “ “ “ “ Illinois Division . . . “ “ “ Iowa “ . “ “ Denver Extension “ “ “ “ Nebraska “ Burlington & Missouri River R.R. in Nebraska . Republican Valley R.R. . . . . . . Tarkio Valley R.R. . . . . . . . Nodaway Valley R.R. . . . . . . . “ General Mortgage “ Mortgage Consolidated Mortgage First 4s /3 i s t 4s /4 s \5s 4s 4s 6s 6s 7s 7s 1958 1 1949 , .1 1919 1922 1927 1918 1919 1920 1920 CHICAGO, MILWAUKEE & ST. PAUL SYSTEM. Chi., Mil. & St. Paul Ry. . . . . . . General and refunding General and refunding < European Loan Convertible . Debenture General La Crosse & Davenport Division Dubuque Wisconsin Valley Chicago & Pacific Western Wisconsin & Minnesota Chicago & Lake Superior Chicago & Missouri River Fargo & Southern Ry. Milwaukee & Northern R.R. First Extension Consolidated extended First Chicago, Milwaukee & Puget Sound Ry. CHICAGO, ST. PAUL, MINNEAPOLIS & OMAHA SYSTEM. Chicago, St. Paul, Minneapolis & Omaha Ry. . . . Consolidated . Chicago, St. Paul & Minneapolis Ry. . . . . . First North Wisconsin Ry. St. Paul & Sioux City R.R. DELAWARE & HUDSON SYSTEM. Delaware & Hudson Co. . First refunding “ “ Canal Co. First Adirondack Ry. Schenectady & Duanesburg R.R Albany & Susquehanna R.R. Convertible 4Js 2014 7. 5s 2014 4s 1925 4£s 1932 4s 1934 r 3és iI 1989 \ 4s D i s j1 5s 1919 6s 1920 6s 1920 5s 1921 5s 1921 5s 1921 5s 1926 6s 1924 4 is 1934 4$s 1934 4s 1949 / 3*sl \ 1930 \ 6s J 6s 1918 6s 1930 6s 1919 4s 7s 4is 6s 3 is 1943 1917 1942 1924 1946 6s 1921 DELAWARE, LACKAWANNA & WESTERN SYSTEM. New York, Lackawanna & Western Ey.§ Great Northern Ry. . Minneapolis Union Ry. . . . . Illinois Central R.R. 1 “ “ “ “ “ . . . First GREAT NORTHERN SYSTEM. . . . . . First and refunding . . . . . First St. Paul, Minneapolis & Manitoba Ry. Eastern Ry. of Minnesota Montana Central Ry. Wilmar & Sioux Falls Ry. Spokane Falls & Northern Ry. . . . . . Consolidated . Montana Extension Pacific Extension Northern Division First ILLINOIS CENTRAL SYSTEM. Sterling Extended Gold Extended . Sterling Gold https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis § Not guaranteed by endorsement. 41s f 5s \ 6s f 4s i 4ìs 1 6s 4s 4s 4s 1961 Ì J 1922 \ 1933 ) 1937 1940 1948 1937 (8 ) 5s 1938 1939 6s 4s 3is 3s 4s 3 is 1951 1950 1951 1951 1951 liii BANK COMMISSIONER, No, ILLINOIS CENTRAL SYSTEM — Concluded. _ First _ - Illinois Central R.R. Gold Extended . Springfield Division Refunding Collateral Trust St. Louis Division Cairo Bridge Purchased Lines Western Lines J . Louisville Divisiont Omaha Division% Litchfield Division* Collateral Trust || Kankakee & South Western R.R. __ _ _ — - - 44 3 |s 3 |s 4s 3 |s /3 s • \3|sJ . 4s . 3 |s . 4s . 3|s . 3s . 3s 4s . 5s 1951 1951 1955 1950 1951 1950 1952 1951 1953 1951 1951 1952 1921 . 4s 1948 . . . . . . . . . . 4s 6s 5s 5s 6s 4 is 6s 4is 6s 5s 6s 5s 1940 1930 1937 1931 1919 1931 1921 1945 1930 1937 1921 1936 . . . . . 3 is 4s 5s 5s 3 is 4s 1952 1940 1931 1939 1951 1957 . LEHIGH VALLEY SYSTEM. First Lehigh Valley R.R. LOUISVILLE & NASHVILLE SYSTEM. SYSTEM Unified . General First Trust Sinking fund . General _ — _ First " . . . " . . . First consolidated . Louisville & Nashville R.R. “ “ Evansville, Henderson & Nashville Division Louisville, Cincinnati & Lexington Ry. Southeast & St. Louis Division . Mobile & Montgomery New Orleans & Mobile Division, $5,000,000 Nashville, Florence & Sheffield Ry. . Pensacola & Atlantic R.R. South & North Alabama R.R. . MICHIGAN CENTRAL SYSTEM. Michigan Central R.R. . . . . . Michigan Central-Michigan Air Line R.R. . Michigan Central-Detroit & Bay City R.R. Michigan Central-Kalamazoo & South Haven R.R.* Michigan Central-Jackson, Lansing & Saginaw R.R. Michigan Central-Joliet & Northern Indiana R.R.* . . First MINNEAPOLIS, ST. PAUL & SAULT STE. MARIE SYSTEM. Minneapolis, St. Paul & Sault Ste. Marie Ry. Minneapolis & Pacific Ry. . . . Minneapolis, Sault Ste. Marie & Atlantic Ry. . . '. . . . First consolidated First MOBILE & OHIO SYSTEM. . . . . . First mortgage Mobile & Ohio R.R. . / 4s ‘ l 5s . 4s . 4s » 1938 1936 1926 . 6s 1927 . . . . . . . 4s 5s 6s 6s 6s 6s 6s 1928 1928 1917 1917 1917 1923 1923 NASHVILLE, CHATTANOOGA & ST. LOUIS SYSTEM. Nash., Chat. & St. Louis Ry. “ “ " “ “ . . . . . . First consolidated Tracy City Branch . . First Fayette & McMinnville Branch “ Lebanon Branch . . . “ Jasper Branch Extension . “ Centreville Branch . . . “ NEW YORK CENTRAL SYSTEM. New York Central & Hudson River R.R. 1934 . 4s 1942 . 4s 1998 . 4s Consolidation Refunding and improvement 4|s 2013 Mortgage . . . 3|s 1997 First . . . . 3|s 1959 Collateral . . . 3|s 1998 “ . . . 3|s 1998 Debenture .D .& P t.M . R.R. Lake Shore . Michigan Central . J Bonds do not cover 75 per cent, of the railroad owned in fee at the date of the mortgage by the railroad corporation on the railroad of which the mortgage is a lien. * Secured on less than 100 miles of railroad. ||Railroad covered by one of the issues pledged as collateral is not operated by Illinois Central R.R. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis liv REPORT OF THE NEW YORK CENTRAL SYSTEM — Concluded. Lake Shore & Michigan Southern Ry. First general Debenture Beech Creek R.R. . . Mohawk & Malone Ry. . . First Consolidated Mortgage New York & Harlem R.R.i Rome, Watertown & Ogdensburg R.R. Consolidated _ “ “ “ Terminal R.R. Carthage, Watertown & Sacket’s Harbor R.R. Utica & Black River R.R. Carthage & Adirondack Ry. Gouverneur & Oswegatchie R.R. New York & Northern Ry. New York & Putnam R.R. Little Falls & Dolgeville R.R. Kalamazoo & White Pigeon R.R. Pine Creek Ry. . . . . Chicago, Indiana & Southern R.R. Indiana, Illinois & Iowa R.R. Jamestown, Franklin & Clearfield R.R. Cleveland Short Line Ry. . Sturgis, Goshen & St. Louis Ry. Kalamazoo, Allegan & Grand Rapids R.R * Mahoning Coal R.R.* Pittsburgh, McKeesport & Youghiogheny R.R Boston & Albany R.R. First Consolidated First First consolidated First First Plain NORFOLK & WESTERN SYSTEM. . Consolidated . . General . . . New River Improve, and extension Scioto Valley & New England R.it. R. . . . . First Columbus Connecting & Terminal R.R. Norfolk & Western Ry. “ “ R.R. [Pub. Doc. 3Js 1997 4s 1928 4s 1931 4s 1936 4s 1991 3£s 2002 3Js 2000 f 5s ' 1 4s l 1922 l 3ès.1 5s 1918 5s 1931 4s 1922 4s 1981 5s 1942 5s 1927 1993 . 4s 3s 1932 5s 1940 6s 1932 4s 1956 4s 1950 4s 1959 4£s 1961 3s 1989 5s 1938 5s 1934 6s 1932 3ìs 1952 3Js 1951 4s 1933 4s 1934 4s 1935 4is 1937 5s 1938 5s 1963 4s 6s 6s 6s 4s 5s 1996 1931 1932 1934 1989 1922 Lt4is 3s 4s 4s 6s 5s 5s 4s 4s 2047 2047 1996 1997 1923 1931 1917 1968 1935 5s 4s 4£s 3¿s 4s 4Js 4s 5s 6s 5s 4s 4s 7s 3^s f 6s Ì < 5s l 4s J 4s 1919 1943 1965 1945 1948 1960 1936 1928 1938 1919 1928 1943 1917 1930 NORTHERN PACIFIC SYSTEM. Northern Pacific Ry. St. Paul & Duluth Division Prior lien St. Paul & Northern Pacific Ry. St. Paul & Duluth R.R. . First Second Consolidated First Washington & Columbia River Ry. Pennsylvania R.R. General lien PENNSYLVANIA SYSTEM. Consolidated General Consolidated Sunbury & Lewiston Ry. Sunbury, Hazelton & Wilkesbarre Ry West Chester R.R. . Western Pennsylvania R.R. Pittsburgh, Virginia & Charleston Ry South West Pennsylvania R.R. . Junction R.R. . . . . First Second . First Consolidated First General Philadelphia & Erie R.R. . Allegheny Valley Ry. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis § Not guaranteed by endorsement. * Secured on less than 100 miles of railroad. 1920 1942 No. 8.] BANK COMMISSIONER. lv PENNSYLVANIA SYSTEM — Concluded. Cambria & Clearfield R.R. First “ “ Ry. ’ . General Clearfield & Jefferson Ry. . First Pennsylvania & Northwestern R.R. General Hollidaysburg, Bedford & Cumberland R.R First United New Jersey R.R. & Canal Co. General Delaware River R.R. & Bridge Co* Erie & Pittsburgh R.R.* Cleveland & Pittsburgh R.R. 5s 4s 6s 5s 4s 4s 4s 4s 4s 3is 4s 3is 1941 1955 1927 1930 1951 1923 1929 1944 1948 1951 1936 1940 r 4ès • 1942 l3ès. 3jS 1948 3jS 1950 First General PHILADELPHIA, BALTIMORE & WASHINGTON SYSTEM. Philadelphia, Baltimore & Washington R.R. . . . . . . . Philadelphia, Wilmington & Baltimore R.R. . . . . . . . 4s 4s 4s 4s 4s 1943 1917 1922 1926 1932 . 5s 1933 . . . . 4s 5s 5s 5s 6s 1955 1937 1938 1929 1937 Union Pacific R .R . . . . . . . . . First mortgage . . 4s “ ....................................................................First lien and refunding . 4s 1947 2008 MISCELLANEOUS. Boston Terminal Co. || || . . . . . . . Boston, Revere Beach & Lynn R .R .f . . . . . Bridgton & Saco River R.R. . . . . . . New London Northern R.R. . . . . . New York & New England R.R.-Boston Terminal |||| . Portland Terminal Co. 3 is 4 §s 4s 4s 4s 4s 1947 1927 1928 1940 1939 1961 .4 s 4Js 4Js 5s 1935 1937 1941 1942 Philadelphia & Reading R.R. . . READING SYSTEM. . . . . First SOUTHERN PACIFIC SYSTEM. Southern Pacific R.R. “ “ “ . Northern Ry. . Northern California Ry. . Southern Pacific Branch Ry. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . First refunding First consolidated First “ “ UNION PACIFIC SYSTEM. First “ . Consolidated First “ St r e e t R a il w a y B o n d s . BOSTON ELEVATED RAILWAY COMPANY. Boston Elevated Railway Company . “ “ “ “ . “ “ “ “ . “ “ “ “ . . . . . . . . . . . . . . . Debenture . . “ “ . . . . . . BOSTON & REVERE ELECTRIC STREET RAILW AY COMPANY. Boston & Revere Electric Street Ry. Co. . . . . Refunding first mortgage 5s 1928 . .5 s 4s 1918 1922 . . 5s 1920 . . . 5s 4£s 5s 1917 1921 1921 EAST M IDDLESEX STREET RAILW AY COMPANY. East Middlesex Street Ry. Co. . “ “ . . . . . Plain . . EAST TAUNTON STREET RAILW AY COMPANY. East Taunton Street Ry. Co. . . . . . . First Gold . FITCHBURG & LEOMINSTER STREET RAILWAY COMPANY. Fitchburg & Leominster Street Ry. Co. . ‘ .. . . . . . . . Leominster, Shirley & Ayer Street Ry. Co. . . . . . . . . . . First mortgage . Consolidated mortgage First mortgage . * Secured on less than 100 miles of railroad. || ||Legalized by special act of General .Court, t Dividends paid for insufficient number of years. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ivi REPO RT — BANK COMMISSIONER. [Pub. Doc. No. 8. HOLYOKE STREET RAILW AY COMPANY. Holyoke Street Ry. Co. “ “ “ “ . . . . First mortgage . . . 5s 5s 5s . . 5s 5s 1920 1923 1935 MILFORD & U XB R IDGE STREET RAILW AY COMPANY. Milford, Holliston & Framingham St. Ry. Co. . Milford & Uxbridge St. Ry. Co. . . . . . . . Mortgage “ . . 1918 1918 SPRINGFIELD STREET RAILWAY COMPANY. Springfield Street Ry. Co. . . . Springfield & Eastern Street Ry. Co. . Western Massachusetts Street Ry. Co. Woronoco Street Ry. Co. . . . . . . . . . . . . . . . . . . . First mortgage “ “ “ “ 4s 5s 5s 5s 1923 1922 1926 1920 4*s 1934 4s 4ès 4js 4s 5s 5s 5s 5s 1917 1923 1930 1932 1917 1918 1919 1932 1936 1944 UNION STREET RAILWAY COMPANY. Union Street Railway Co. . . . . . . . Mortgage WEST END STREET RAILWAY COMPANY. West End Street Ry. Co. . . . . . . . Debenture 53 WORCESTER CONSOLIDATED STREET RAILWAY COMPANY. Marlborough & Westborough Street Ry. Co. Uxbridge & Blackstone Street Ry. Co. Worcester Consolidated Street Ry. Co. Worcester Worcester Worcester Worcester Worcester & Blackstone Valley Street Ry. Co. & Clinton Street Ry. Co. . & Holden Street Ry. Co. & Marlborough Street Ry. Co. & Southbridge Street Ry. Co. Gold mortgage . First “ . . Debenture “ . “ . Refunding first mortgage First mortgage . . «« n . “ 44 . “ 44 . . 5s 5s 5s 4£s 5s 41s 4£s 5s 5s 5s 4£s 4£s 1921 1923 1927 1920 1927 1930 1926 1919 1923 1917 1922 1925 4s 1929 T eleph on e C om pany B on d s. American Telephone & Telegraph Co. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Collateral trust . . \ ABSTRACT OF A N N U AL REPORTS OF THE S a v in g s B a n k s a n d for I n s t it u t io n s S a v in g s , SHOWING THEIR CON DITION A T TH E CLO SE OF BUSINESS https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis O c t o b e r 31, 1916. 2 REPO RT OF THE [Pub. Doc. I ABINGTON SAVINGS BANK, ABINGTON. 6 Incorporated March 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. L e o n S. F a ir b a n k s , Treasurer. J a m e s E . M a r s h a l l , Clerk of the Corporation. Board of Trustees: W. B . A r n o l d , C . L . B a k e r , W. J. C o u g h l a n , C . H . E d so n , L . S. F a ir b a n k s , G . R . F a r r a r , T . F . G il e s , I. C . H o w l a n d , G . W . K e l l e y , 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 , 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 i e n , C. M. P a c k a r d , J. W. S p r o u l , F. G. W h e a t l e y . I 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. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 678 loans on real estate {average of each, $2,664.67) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . $1,800,067 00 . . 200 00 --------------------37 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $35,000; assessed value, $45,600) . . Real estate by foreclosure, etc. (assessed value, $46,600) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . $268,200 00 798,945 25 89,437 50 4,950 00 57,641 25 52,101 00 1,799,867 00 143,624 00 30,000 00 34,805 32 295 71 80,095 57 4,645 01 s s e t s ............................................... $3,364,607 61 L ia b ilit ie s . Due depositors on 5,484 accounts, averaging $557.20 each (Accounts opened during year, 490; closed, 849; increase, 141) Surplus: — a. Guaranty fund (4-94% °f deposits; increase during year, $6,788) h. Profit and loss (increase during year, 81,600.36) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $3,055,690 19 151,120 00 141,902 18 $16,349 37 454 13 15,895 24 T o ta l L ia b ilitie s . . $ 3,364,607 61 BAN K COMMISSIONER. No. 8.] 3 T o t a l E xp en ses fo r th e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Amount paid for $3,759.24 $4,213.95 $532.00 Cost per $1,000 of assets 1.12 1.25 .16 Cost per $1,000 of assets not including State tax and rent . Advertising. Other expenses. Total. $44.00 $2,272.04 $10,821.23 .01 .67 3.21 1.93 Gross income received during the year, $154,858.21. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 4 % ). Real estate loans (average rate, 5.13 per cent.): 5%, $1,522,044; 5J^%, $89,725; 6%, $188,098. Personal loans (average rate, 5.11 per cent.): 4M%> $76,000; 5%, $24,875; 5J^%, $10,600; 6%, $16,149; 7%, $16,000. Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 3%, $30,000 ; 3M%. $251,500; 4%, $765,900; 4M%> *104,000; 5%, $127,600; 6%, $3,200; 7%, $4,000; 8%, $2,300; 10%, $10,000; 12%, $5,000; 16%, $15,000. Number of loans not over $3,000 each, 571, amounting to $847,271. 56 real estate loans made during year, amounting to $120,650. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2M% . . . . . Oct., 1916, 2M % ....................................... Number of deposits during year, 2,964, amounting to . . . . . Number of withdrawals during year, 3,655, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s , B o n d s. Par Value. $20,000 Massachusetts 4s 49.000 Boston 4s 10.000 Los Angeles, Cal., 4Ms 2.000 Lynn 4s 20.000 New Bedford 4s 1.000 Quincy 4s 10.000 San Francisco, Cal., 5s 10.000 Seattle, Wash 5s., 10.000 Taunton 3Ms 3.000 Taunton 4Ms 25,500 Worcester 4s 6,500 Abington 3Ms 17.000 Abington 4s 3.000 Bedford 4s 2.000 Braintree 4s 10.000 Meriden, Conn., 3Ms 10.000 Middleboro 4s 1.000 Milford 4s 2.000 Rockport 4s 1.000 Sharon 4Ms 10.000 Shelburne Falls 4s P u b lic F u n d s , N o te s . $12,000 Abington 4s 33,400 Scituate 4s OF . . . . . S E C U R IT IE S . . . . . . . $472,992 11 319,587 19 . $153,404 92 OW NED. R a ilr o a d B o n d s. Par Value. $20,000 Old Colony 3Ms Par Value. 28.000 Old Colony 4s $15,000 Atch., Top. & Santa F6 4s 25.000 Penobscot Shore Line 4s 50.000 Baltimore & Ohio 4s 10.000 Pennsylvania 4Ms 15.000 Boston & Albany 4s 12.000 Portland & Rumford Falls 4s 10.000 Boston & Lowell 3Ms 20.000 Southern Pacific 4s 10.000 Boston & Lowell 4s 10.000 Vermont Valley 4Ms 15.000 Boston & Maine 3Ms 75.000 Boston & Maine 4s 10.000 Boyer Valley 3Ms 20.000 C. B. & Q. 3Ms S tr e e t R a ilw a y B o n d s . 40.000 Chicago, Mil. & St. Paul 4s 10.000 Chicago, Mil. & St. Paul 4Ms $25,000 Boston Elevated 4s 25.000 Boston Elevated 4Ms 30.000 Chicago & Northwestern 4s 40.000 West End 5s 10.000 Cleveland Short Line 4Ms 7,000 Concord & Montreal 4s 35.000 Fitchburg 3Ms 17.000 Fitchburg 4s B a n k S to ck s. 30.000 Illinois Central 3s Shs. 30.000 Illinois Central 3Ms 100 Abington Nl. Bk. 15.000 Lake Shore & Mich. So. 4s 26 First Nl. Bk., Adams 35.000 Louisville & Nashville 5s 150 First Nl. Bk., Boston 25.000 Maine Central 4Ms 100 Merchants Nl. Bk., Boston 20.000 M„ St. P. & Sit. Ste. M. 4s 38 Mt. Vernon Nl. Bk., Boston 45.000 N. Y. C. & H. R. 4s 50 Second Nl. Bk., Boston 80.000 N. Y., N. H. & H. 3Ms 23 Webster & Atlas Nl. Bk., Boston 44.000 N. Y„ N. H. & H. 4s 40 Brockton Nl. Bk. 20.000 Northern Maine Seaport 5s 32 Old Colony Nl. Bk., Plymouth D a t e s op E x a m in a t io n (An d A u d it , October 26—November 2 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $63,809 42 65,627 35 343,555 34 4 REPO RT OF THE [Pub. Doc. AMHERST SAVINGS BANK, AMHERST. 9 and Incorporated April 5, 1864. 11 S O U T H PLEASANT STREET. Number of corporators, 23; number of trustees, 13. E d w a b d D . B a n g s , President. G e o b g e C u t l e b , Clerk of the Corporation. W . T . C h a p in , Treasurer. Board of Trustees: F. P. A in s w o b t h , E. D . B a n g s , E. P. B a b t l e t t , F. A. C a d w e l l , H . T. C o w l e s , G e o e g e C u t l e b , C. F. D e u e l , M. A. D ic k in s o n , J. C. H a m m o n d , L. D . H i l l s , G. S. K e n d b ic k , H . S. S h ip m a n , E. M. W h it c o m b . t Board of Investment: E. D. B a n g s , G. S. K e n d b ic k , E. P. B a b t l e t t . Auditing Committee: G. S. K e n d b ic k , F. P. A in s w o b t h , C. F. D e u e l . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . 1,043 loans on real estate (average of each, $2,985.47) . . . Less amount due on uncompleted loans . . . . . . 54 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $30,000; assessed value, Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . $3,117,398 51 3,550 00 ------------------. . . $19,000) . . . . . . . . $321,000 946,318 198,171 133,883 59,863 101,725 00 75 88 25 75 00 3,113,848 201,189 30,000 42,414 8,217 51 00 00 14 32 s s e t s ...............................................$5,1 56 ,6 3 1 60 L ia b ilit ie s . Due depositors on 9,213 accounts, averaging $503.76 each . . . . . (Accounts opened during year, 1,067; closed, 644! increase, 433) Surplus: — o. Guaranty fund (4-90% of deposits; increase during year, $14,132.27) . . h. Profit and loss (increase during year, $20,468.63) . . . . . . Current income: — a. Interest $82,416 36 b. Rent . . . . . . . . . . 375 65 --------------------- $4,641,163 27 . $5,156,631 60 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b i l i t i e s . 227,341 73 205,334 59 82,792 01 BAN K COMMISSIONER. No. 8.] 5 T o t a l E xp en ses fo r th e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $4,705.71 $9,192.56 $1,500.00 $976.21 $16,374.48 Cost per $1,000 of assets .91 1.78 .29 .19 3.17 Cost per $1,000 of assets not including State tax and rent . . . . . . 1.97 Gross income received during the year, $229,805.36. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e ra g e o n A ll, 4 .7 9 % ). Real estate loans (average rate, 5.01 per cent.): 4J^%, $54,700; 4%%, $11,000; 5%, $2,975,980.51; 5}4%, $16,915; 6%, $55,253. Personal loans (average rate, 4.78 per cent.): 3%, $42,000; 4}4%, $60,000; 5J^%, $59,733; 6%, $39,456. Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 3%, $25,000; 3J^%, $215,000; 4%, $821,400; 4J^%, $25,000; 4 ^ % , $404,600; 5%, $214,200; 6%, $29,000; 7%, $10,600; 8%, $28,500; 10%, $17,300; 12%, $400. Number of loans not over $3,000 each, 844, amounting to $1,102,089.51. 163 real estate loans made during year, amounting to $283,871.85. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2}4% July, 1916, 2% Number of deposits during year, 6,958, amounting to $94,674 82 87,336 05 699,717 68 $881,728 55 558,119 04 Number of withdrawals during year, 6,232, amounting to $323,609 51 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $50,000 Boston 4s 25.000 Boston 434s 25.000 Duluth, Minn., 4J4s 25.000 Hartford, Conn., 4V£s 25.000 Holyoke 4s 25.000 Los Angeles, Cal., 4Ks 25.000 Omaha, Neb., 4J^s 25.000 San Francisco, Cal., 5s 25.000 Seattle, Wash., 5s P u b lic F u n d s , N o te s . $57,600 Amherst 4s 9,600 Amherst 4J^s 3,800 Pelham 4s R a ilr o a d B o n d s. $25,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 5s 25.000 Boston & Albany 4s 20.000 Boston & Maine 3)^s 135,000 Boston & Maine 4s 95.000 Boston & Maine i !A s 35.000 C., B. & Q. 3>is OF S E C U R IT IE S Street Railway Bonds. $25,000 Boston Elevated 4s 50.000 Boston Elevated 43-^s 25.000 Boston Elevated 5s 25.000 Boston & Northern 4s 25.000 Springfield 4s 25.000 West End 4Ks 25.000 West End 5s D a t e s of E x a m in a t io n , November 13-16 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OW NED. Par Value. $50,000 C., B. & Q. 4s 25.000 Chic., Mil. & St. Paui 4V£s 25.000 Chic., Mil. & St. Paul 5s 85.000 Fitchburg 4s 75.000 Fitchburg 4Hs 25.000 Fitchburg 5s 25.000 Illinois Central 3s 25.000 Illinois Central 4s 25.000 Louisville &Nashville 5s 25.000 Maine Central 4}^s 25.000 M., St. P. & S. S. Marie 4s 25.000 N. Y. C. & H. R. 4s 25.000 N. Y„ N. H. & H. 3J^s 125,000 N. Y., N. H. & H. 4s 25.000 Portland Terminal Co. 4s B a n k S to c k s. 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 REPO RT OF THE ’[Pub. Doc. ANDOVER SAVINGS BANK, ANDOVER. M A IN Incorporated April 2, 1834. J o h n H . F l in t , President. STREET. Number of corporators, 31; number of trustees, 16. F r e d e b ic S. B o u t w e l l , Treasurer. A l f r e d E. St e a r n s , 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 . E a m e s , B . S. F l a g g , J. H. F l in t , L. T. H a r d y , F . G. H a y n e s , F . H. J o n e s , B a r n e t t R o g e r s , D a v id Sh a w , G. F . S m it h , J. L. S m it h , A . E. S t e a r n s , S. D . S t e v e n s . Board of Investment: J. H . F l i n t , L . T. H a r d y , S. D . S t e v e n s , J. H . C a m p io n , B . S. F l a g g . 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 Wednesday of March, June, September and December; dividends are payable the third Wednesday of June and December. Business hours, 9 a .m. to 12 m .; 2 to 4 p .m.; Wednesdays, 9 a .m . to 12 m .; the third Wednesday of March, June, September and Decem ber, 9 a .m. to 12 m .; 2 to 4 p .m. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 1,090 loans on real estate (average of each, $8,687.05) Less amount due on uncompleted loans . . . . . $672,388 00 . . 1,021,080 62 . . 130,150 00 . . 20,000 00 . . 75,046 25 . . 142,900 00 . . . $2,931,536 75 . . . 2,650 00 -------------------------------------- 2,928,88675 63 loans on personal security . . . . . . . . . . 598,053 00 Deposits in national banks or trust companies . . . . . . . 40,303 27 Cash and cash items . . . . . . . . . . . . 4,276 87 T ota l A . . . . . . . . . . . . . . . . . . . . . . . . s s e t s ...............................................$ 5,633,084 76 L ia b ilit ie s . Due depositors on 9,442 accounts, averaging $536.63 each . . . . . $5,066,907 21 (.Accounts opened during year, 1,015; closed, 745; increase, 270) Surplus: — a. Guaranty fund (4-97% of deposits; increase during year, $11,250) . . . 251,750 00 b. Profit and loss (decrease during year, $1,340.37) . . . . . . 227,125 42 Current income: — Interest . . . . . . . . . . $91,660 60 Less current expenses not charged off . . . . 4,358 47 --------------------87,302 13 T o t a l L i a b i l i t i e s ...............................................$ 5,633,084 76 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $352.50 $2,470.03 $21,523.64 Amount paid for $7,603.69 $9,357.42 $1,740.00 .06 .44 3.82 Cost per $1,000 of assets 1.35 1.66 .31 Cost per $1,000 of assets not including State tax and rent . 2.16 Gross income received during the year, $262,017.71. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BAN K COMMISSIONER. No. 8.] 7 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 7 % ). Real estate loans (average rate, 5 per cent.): 4)4%, $148,000; 5%, $2,698,586.75; 5)4%, $34,550; $47,750. Personal loans (average rate, 4.30 per cent.): 4%, $57,500; 4)4%, $396,400; 4)4%. $127,843; $15,770; 6%, $540. Bonds, stocks, etc. (average rate on amounts invested, 4.59 per cent.): 3%, $200; 3)4%, $165,000; $1,097,000 ; 4)4%, $80,000; 4)4%, $275,000; 5%, $238,200; 5)4%, $30,000; 6%, $72,000; $2,000; 8%, $76,100; 10%, $21,500; 12%, $11,000; .16%, $11,100. 6%, 5%, 4%, 7%, Number of loans not over $3,000 each, 875, amounting to $1,452,394.75. 109 real estate loans made during year, amounting to $359,645. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2 % Number of deposits during year, 9,513, amounting to . . Number of withdrawals during year, 5,880, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $200 United States 3s 25.000 Massachusetts 3)4s 50.000 Massachusetts 4s 25.000 Boston 4s 15.000 Boston 4)4s 42.000 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., 434s 10.000 Pittsburgh, Pa., 4)4s 20.000 Portland, Ore., 4)4s 10.000 Providence, R. I., 4s 25.000 Rochester, N. Y., 4J4s 21.000 San Francisco, Cal., 5s 15.000 Seattle, Wash., 4)4s 10.000 Seattle, Wash., 5s 25.000 South Norwalk, Conn., 4)4s 15.000 Toledo, 0., 4)4s 10.000 Amesbury 4s 50.000 Andover 3)4s 30.000 Andover 4s . OF . . . . S E C U R IT IE S . . . $94,688 26 96,601 08 675,457 05 . . $866,746 39 626,156 68 . . $240,589 71 OW NED. Par Value. Par Value. $10,000 Methuen 4s $10,000 Pennsylvania 4J4s 23,500 North Andover 4s 15.000 Rome, Watertown & Ogs. 5s 10.000 Palmer 4s 25.000 St. J. & L. C. 5s 20.000 Kennebec, Me. (W. D.), 3)4s 50.000 Wore., Nash. & R. 4s 12.000 Kittery, Me. (W. D.), 5s R a ilr o a d B o n d s . S tr e e t R a ilw a y B o n d s . $25,000 Baltimore & Ohio 4s 30.000 Bangor & Aroostook 5s 25.000 Boston & Albany 4s 15.000 Boston & Lowell 4s 110.000 Boston & Maine 4s 30.000 Boston & Maine 4)4s 15.000 B. & N. Y. Air Line 4s 75.000 Concord & Montreal 4s 20.000 Conn. & Pass. Rivers 4s 25.000 Danbury & Norwalk 5s 25.000 Fitchburg 4s 25.000 Fre., Elk. & Mo. Val. 6s 15.000 Gouv. & Oswegatchie 5s 40.000 Holyoke & Westfield 4Ms 35.000 Illinois Central 4s 15.000 Louisville & Nashville 5s 4.000 Louisville & Nashville 6s 35.000 Maine Central 434s 5.000 Me. Cent. & E. & N. A. 4s 25.000 Manchester & Law. 4s 10.000 Mobile & Ohio 6s 15.000 Montana Central 6s 25.000 N. Y., N. H. & H. 3)4s 90.000 N. Y., N. H. & H. 4s 45.000 No. Maine Seaport 5s 148.000 Old Colony 4s $40,000 Boston Elevated 4s 10.000 Boston Elevated 4}4s 25.000 Boston & Northern 4s 2,000 Lowell, Law. & Haverhill 5s 25.000 West End 434s 10.000 West End 5s 10.000 Wore. Consd. 434s 10.000 Wore. Consd. 5s D a t e s op E x a m in a t io n , January 10, 12. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . ....................................... . . . B a n k S to ck s. Shs. 180 Andover Nl. Bk. 32 Boylston Nl. Bk., Boston 25 Commonwealth Trust Co., Boston 105 First Nl. Bk., Boston 115 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 100 Old Colony Trust Co., Boston 110 Second Nl. Bk., Boston 172 Webster & Atlas Nl. Bk., Boston 75 Bay State Nl. Bk., Lawrence 20 Warren Nl. Bk., Peabody 8 REPORT OF THE [Pub. Doc, ARLINGTON FIVE CENTS SAVINGS BANK, ARLINGTON. 622 M A S S A C H U S E T T S Incorporated April 2, 1860. AVENUE. Number of corporators, 33; number of trustees, 16. G e o b g e H i l l , President. A b t h u b J. W e l l in g t o n , Clerk of the Corporation. W il so n D. C l a b k , Jr., Treasurer. E d w a r d S. F e s s e n d e n , Assistant Treasurer. Board of Trustees: C. W. A l l e n , W. K. C o o k , E. S. F e s s e n d e n , J. R. F o s t e b , R. D. G b 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 , C. A . M o o r e , 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 , H. G. P o r t e r , W. G. R o l p e , A. J. W e l l in 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 il 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 . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 467 loans on real estate (average of each, $4,432.56) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . $717,447 50 438,662 50 60,775 00 13,800 00 6,473 71 . . . . . . $2,072,156 11 2,150 00 -------------------------------------- 2,070,00611 6 loans on personal security . . . . . . . . . . . 54,000 00 Bank building and fixtures (estimated value, $25,000; assessed value, $24,830) . . 100 00 Deposits in national banks or trust companies . . . . . . . 79,006 93 C a s h ........................................................................................................................................ 3,947 01 T o t a l A s s e ts . . . . . . . . . . . . . . . $3,444,218 76 Due depositors on 7,661 accounts, averaging $407.22 each . . . . (Accounts opened during year, 990; closed, 724; increase, 266) Surplus: — a. Guaranty fund (4.91% of deposits; increase during year, $10,351-49) b. Profit and loss (increase during year, $1,820.02) . . . . . Cur,ant income: — Interest . . . . . . . . . . . . . $3,119,742 63 L ia b ilit ie s . T o t a l L ia b ilit ie s . . . . . . . 153,087 80 158,560 89 . 12,827 44 . $ 3,444,218 76 T o t a l E xp en ses fo r t h e Y e a r , in c lu d in g S ta te T a xes. State Tax (Net) Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $2,889.61 $7,243.51 $1,000.00 $102.25 $1,902.30 $13,137.67 Cost per $1,000 of assets .84 2.10 .29 .03 .55 3.81 C o s t per $1,000 of assets not including State tax and rent . . . . . . 2.68 Gross income received during the year, $155,670.98. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9 BAN K COMMISSIONER No. 8.] R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 3 % ). Real estate loans (average rate, 5.05 per cent.): 4}4%, $5,200; 5%, $1,810,621.11; 5J^%, $123,325; 5y2%, $106,375; 6%, $22,485; 6H%. $1,400; 7%, $600. Personal loans (average rate, 5.15 per cent.): 5%, $38,000; 5}4%, $16,000. Bonds, stocks, etc. (average rate on amounts invested, 4.45 per cent.): 3Jdi%, $77,000; 4%, $781,000; 4J^%, $104,500; 4% %, $10,000; 5%, $96,000; 6%, $176,600; 8%, $7,100. Number of loans not over $3,000 each, 239, amounting to $318,556.11. 61 real estate loans made during year, amounting to $287,300. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $55,635 57,596 6,961 583,422 Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Extra dividend declared during year, Jan., 1916, M% Number of deposits during year, 8,634, amounting to Number of withdrawals during year, 5,535, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s , B o n d s. Par Value. $35,000 Massachusetts 4s 15.000 Belfast, Me., 4s 10.000 Beverly 4s 25.000 Boston 3V2S 25.000 Boston 4s 18.000 Brockton 4s 20.000 Burlington, Vt., 4s 1.000 Chelsea 4s 50.000 Pall River 4s 4.000 Fitchburg 4s 3,750 Gloucester 4s 5.000 Hamilton, 0., 5s 15.000 Indianapolis, Ind., 4s 5.000 Lawrence 4s 1.000 Lewiston, Me., 5s 20.000 Los Angeles, Cal., 4J4s 4.000 Lowell 4s 32.000 Lynn 4s 15.000 Lynn 4J^s 5.000 Malden 4s 4,800 Medford 4s 10.000 Melrose 4s 15.000 New Bedford 4s 16.000 New London, Conn., 4s 9.000 North Adams 4s 10.000 Omaha, Neb., 4H>s 6.000 Rochester, N. H., 4s 2.000 Salem 4s 10.000 Somersworth, N. H., 4s 10.000 South Norwalk, Conn., 4s 3.000 Springfield, Ohio, 4b6s 12.000 Wallingford, Conn., 4s 5.000 Waterbury, Conn., 4s 5.000 Worcester 4s 14,500 Amesbury 4s . OF . . S E C U R IT IE S Par Value. $52,000 Arlington 3M>s 19.000 Arlington 4s 11.000 Arlington 4bis 5.000 Attleboro 4s 25.000 Concord 4s 2.000 Cranston, R. I., 4s 10.000 Gardner 4s 4.000 Georgetown 4s 9.000 Lexington 4s 3.000 Longmeadow 4s 12.000 Methuen 4s 5.000 Rockport 4s 1,750 Russell 4s 15.000 Waltham 4s 15.000 Augusta, Me. (W. D.), 4s P u b lic F u n d s , N o te s . $10,000 Adams 4s 16.000 Arlington 4s 4.000 Barnstable 4s 10.000 Bourne 4^is 5.000 Dartmouth 4s 6.000 Duxbury 4s 16.000 Hull 4s 500 Medfield 4bis 1.000 Randolph 4s 15,700 Revere 4s 3,500 Swansea 4s 6.000 South Hadley (F. D.) 4s R a ilr o a d B o n d s . $27,000 Boston & Maine 4s 10.000 Baltimore & Ohio 4bis 15.000 C., B. & Q. 4s 1.000 C., B. & Q. 5s 16.000 Chic., Mil. & St. Paul 6s D a t e s of E x a m in a t io n , M a y 1 1 -1 3 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . 24 45 62 00 . $703,615 31 454,620 48 . $248,994 83 OW NED. Par Value. $5,000 Chicago & Northwestern 4s 37.000 Chic., St. P., Minn. & 0. 6s 35.000 Concord & Montreal 4s 8.000 Fitchburg 4s 35.000 Fre., Elk. & Mo. Val. 6s 14.000 Louisville & Nashville 5s 19.000 Louisville & Nashville 6s 5.000 Maine Central 4bis 10.000 Mil., Lake Shore & West. 6s 5.000 Min., St. P., & Sit. Ste. M. 4s 30.000 Montana Central 6s 25.000 N. Y., N. H. & H. 4s 15.000 Northern Maine Seaport 5s 4.000 Ohio River 5s 35.000 Old Colony 4s 10.000 Penobscot Shore Line 4s 24.000 Pitts., Mck. & Yough. 6s 15.000 Portland Terminal Co. 4s 15.000 Ports., Gt. Falls & Con. 4j^s 20.000 St. J. & L. C. 5s 5.000 St. Paul, Minn. & Man. 6s 5.000 Upper Coos 4s Street Railway Bonds. $25,000 Lynn & Boston 5s 10.000 West End 4s 15.000 West End 4}4s 11.000 West End 5s Bank Stocks. Shs. 25 Menotomy Trust Co., Arlington 34 Fourth-Atlantic Nl. Bk., Boston 12 National Union Bk., Boston I 6 Dedham Nl. Bk., Dedham 10 [Pub. Doc. REPO RT OF TH E ASSABET INSTITUTION FOR SAVINGS, MAYNARD. M A IN Incorporated March 31, 1904. STREET. Number of corporators, 33; number of trustees, 18. C l a r e n c e J. B o d f is h , President. A r t h u r E . W a l k e r , Treasurer. H o w a r d A . W il s o n , Clerk of the Corporation. Board of Trustees: J. R. B e n t , C . J. B o d f is h , W. B. C a s e , B. J. C o u g h l 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 id g e , W. H . G u t t e r id g e , A. G. H a y n e s , A. T. H a y n e s , A. W. H a y n e s , E d w a r d H e n d e r s o n , L . D. M a y n a r d , J a m e s M u l l in , T. F . P a r k e r , C . H . P e r s o n s , H . A. W il s o n , A. E . W a l k e r . Board of Investment: C. J. B o d f is h , C. H. P e r s o n s , A. G. H a y n e s , O. S. F o w l e r , W. B. C a s e . Auditing Committee: W. H. G u t t e r id g e , L. H. M a y n a r d , T. F. P a r k e r , J a m e s M u l l in . 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 and Saturdays, 7 to 8 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Railroad bonds and notes . . . . . . . Street railway bonds . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . 118 loans on real estate {average of each, $1,640.80) . . . Less amount due on uncompleted loans . . . . . . . . 38 loans on personal security . . . Furniture and fixtures . . . . . Deposits in national banks or trust companies . . . . . . . . . . . . . . $29,002 75 20,327 05 4,563 75 $196,615 00 3,000 00 193,615 33,165 1,386 3,294 129 T o t a l A s s e ts 00 00 85 16 33 $285,483 89 L ia b ilitie s . Due depositors on 1,484 accounts, averaging $187.38 each (Accounts opended during year, 659; closed, 273; increase, 386) Surplus: — a. Guaranty fund (.84% of deposits; increase during year, $539) . h. Profit and loss (increase during year, $228.26) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $278,077 35 2,334 00 4,770 27 $873 10 570 83 302 27 T o t a l L i a b i l i t i e s .............................................. $285,483 89 11 BAN K COMMISSIONER. No. 8.] T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Amount paid for $321.59 $745.25 $379.95 Cost per $1,000 of assets 1.13 2.61 1.33 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $424.95 $1,954.69 $82.95 1.49 6.85 .29 4.39 Gross income received during the year, $9,932.60. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 5 .1 2 % .) Real estate loans (average rate, 5.24 per cent.): 5%, $113,218; 5)4%, $6,000; 5)4%, $59,800; 6%, $17,597. Personalloans (averagerate, 4.94 per cent.): 4)4%, $4,000; 4)4%, $12,000; 5%, $8,700; 5)4%, $2,850; 6%, $5,615. Bonds, stocks, etc. (average rate on amounts invested, 4.76 per cent.): 3)4%, $6,500; 4%, $14,500; 4)4%, $8,000; 5%, $22,000; 6%, $5,000. Number of loans not over $3,000 each, 140, amounting to $154,705. 21 real estate loans made during year, amounting to $92,320. D iv id e n d s , D e p o s i t s a n d W i t h d r a w a l s . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 3,616, amounting to . . Number of withdrawals during year, 1,066, amounting to Net increase in amount due depositors SCH EDULE Railroad Bonds. Par Value. $4,000 Baltimore & Ohio 3)4s 2.000 Baltimore & Ohio 4)4s 4.000 Bangor & Aroostook 5s 1.000 Boston & Maine 4s 2.000 Boston & Maine 4)4s 500 Bridgton & Saco River 4s 5.000 Connecticut River 6s, notes 3.000 Fitchburg 5s 2.000 Louisville & Nashville 5s 2.000 Maine Central 4)4s 1,500 N. Y., N. H. & H. 3J4s 1.000 N. Y., N. H. &H.4S 1.000 Peoria &*Northwestern 3)4s 1.000 Upper Coos 4s . OF . . . . . . . ....................................... . . . . . S E C U R IT IE S . . . . . . $163,533 23 58,393 47 . $105,139 76 OW NED. S tr e e t R a ilw a y B o n d s, Par Value. $1,000 Boston Elevated 4s 2.000 Boston Elevated 4)4s 2.000 Boston Elevated 5s 2.000 Boston & Northern 4s 3.000 Lynn & Boston 5s 3.000 West End 4s 8.000 West End 5s D a t e s o f E x a m in a t io n a n d A u d it , February 8 -1 1 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $3,018 34 3,897 58 156,617 31 12 REPO RT OF THE [Pub. Doc. ATHOL SAVINGS BANK, ATHOL. 384 M A I N Incorporated February 12, 1867. L e v i B. F a y , President. STREET. Number of corporators, 53 ; number of trustees, 12. W il l ia m G. A v e e y , Treasurer. F r a n k S. P a r m e n t e r , Clerk of the Corporation. Board of Trustees: C. F. A m s d e n , W . G. A v e r y , O. T . B r o o k s , L . B . F a y , G. C. L o n g l e y , 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 , 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;*? to 8.30 p .m ., for deposits only. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . 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 . . . 356 loans on real estate (average of each, $8,153.88) . 61 loans on personal security . . . . Real estate by foreclosure, etc. (assessed value, $225) Suspense account . . . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . $182,000 819.175 111.175 50,000 84,940 40,200 2,902,782 484,420 25 1,797 131,401 770 00 00 00 00 63 00 43 00 00 80 20 85 . $ 4,808,687 91 Due depositors on 10,014 accounts, averaging $431.97 each (Accounts opened during year, 1,595; closed, 905; increase, 690) Surplus: — a. Guaranty fund (4-67% of deposits; increase during year, $11,750.51) b. Profit and loss (increase during year, $5,395.88) . . . . . . Current income: — Interest ....................................................................................... $85,526 03 Less current expenses not charged off . . . 4,051 49 $4,325,775 18 L ia b ilitie s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 201,983 61 199,454 58 81,474 54 T o t a l L ia b ilitie s . . $ 4,8 08 ,6 8 7 91 No. 8. BANK COMMISSIONER. 13 T o t a l E x p en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $5,203.60 $9,886.30 $660.00 $173.57 $2,016.18 $17,939.65 Cost per $1,000 of assets 1.08 2.05 .14 .04 .42 3.73 Cost per $1,000 of assets not including State tax and rent . 2.51 Gross income received during the year, $219,838.28. Rates on Investments and Loans (Average on All, 5%.) Real estate loans (average rate, 5 per cent.): 4A 7o, $346,000; 4M%, $105,500; 5%, $2,193,561.93; 5 A % , $93,900; 6%, $163,820.50. Personal loans (average rate, 5.03 per cent.): 4J^%, $149,050; 4M%, $45,000; 5%, $144,675; 5}4% , $38,800; 5 A % , $20,500; 5%%, $27,000; 6%, $59,395. Bonds, stocks, etc. (average rate on amounts invested, 4.84 per cent.): 3 A % , $135,000; 4%, $532,000; 4Ji%. $25,000; 4y2%, $156,500; 5%, $155,000; 6%, $260,000; 7%, $20,000; 8%, $30,000; 10%, 10, 200. $ Number of loans not over $3,000 each, 290, amounting to $344,527.43. 30 real estate loans made during year, amounting to $315,400. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Extra dividends declared during year, Jan., 1916, M% July, 1916, M% Number of deposits dining year, 10,683, amounting to Number of withdrawals during year, 6,163, amounting t Net increase in amount due depositors SCH EDULE P u b lic F u n d s , B o n d s. Par Value. $10,000 Massachusetts 3A b 10.000 Boston 4s 14.000 Brockton 4s 10.000 Dubuque, la., 4s 5.000 Grand Rapids, Mich., 4A b 10.000 Indianapolis, Ind., 4s 25.000 Los Angeles, Cal., 4As 25.000 Lynn 4Mb 25.000 Minneapolis, Minn., 4s 25.000 Worcester 3As 5.000 Lenox 4s P u b lic F u n d s , N o te s . $18,000 Athol 4s 1,500 Athol 4^28 OF . . o ....................................... . S E C U R IT IE S . . . . 89 17 30 67 79 $998,174 82 548,740 61 $449,434 21 OW NED. R a ilr o a d B o n d s. Par Value. $25,000 N. Y., Lack. & West. 6s Par Value. 50.000 N. Y., N. H. & H .4S $10,000 Baltimore & Ohio 3A b 50.000 N. Y„ N. H. & H. 6s 25.000 Baltimore & Ohio 4s 25.000 No. Maine Seaport 5s 25.000 Baltimore & Ohio 4As 5,000 Northwestern Union 7s 25.000 Baltimore & Ohio 5s 40.000 St. Paul, Minn. & Man. 6s 5.000 Boston & Albany 4s 25.000 St. Paul & North. Pacific 6s 35.000 Boston & Albany 5s 15.000 Troy & Boston 7s 20.000 Boston & Maine 4As 15.000 Chicago, Mil. & Puget S. 4s 25.000 Chic., Mil. & St. Paul 4s S tr e e t R a ilw a y B o n d s . 25.000 Chicago & Northwestern 5s 50.000 Chicago, R. I. & Pacific 4s. $35,000 Boston Elevated 4A b 25.000 Chicago, R. I. & Pacific 6s. 10.000 Boston Elevated 5s 10.000 Connecticut River 6s, notes 35.000 Boston & Northern 4s 75.000 Fitchburg 4s 25.000 Lynn & Boston 5s 25.000 Fitchburg 4As 10.000 Old Colony 4s 10.000 Fitchburg 5s 40.000 Illinois Central 3As 25.000 Illinois Central 4s B a n k S to c k s. 50.000 Louisville & Nashville 6s Shs. 20.000 Maine Central 4A b 41 Millers Riv. Nl. Bk., Athol 25.000 Minn., St. P. & S. S. Marie 4s 10 Eliot Nl. Bk., Boston 10.000 Mobile & Ohio 6s 300 Nl. Shawmut Bk., Boston 25.000 Montana Central 6s 11 First Nl. Bk., Greenfield 5.000 N. Y. C. & H. R. 4s 50 Springfield S. D. & T. Co. D a t e s op E x a m in a t io n , July 20, 21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $75,317 79,948 9,378 9,953 823,576 14 REPO RT OF THE [Pub. Doc. ATTLEBOROUGH SAVINGS BANK, NORTH ATTLEBOROUGH. 48 NORTH B r a n c h O ffic e : Incorporated February 2, 1860. W A S H IN G T O N STREET. 1 N o r th M a in S tre e t, A tt le b o r o . Number of corporators, 86; number of trustees, 16. A r t h u r E. C o d d in g , Clerk of the Corporation. o d :d in g , C . W . F i s h e r , Board of 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 od F . M a s o n , C . T . P a y e , O . P . R ic h a r d s o n , M . E. R o w e , F . E. G. H . H e r r ic k , E. L. H i x o n , J. F. 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 . W.. C h e e v e r , E. L. H i x o n , O 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 , Board of Investment: G. W A lbert T otten. 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . 746 loans on real estate (average of each, $2,768.81) . . . . . . 102 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $30,000; assessed value, $27,580) Real estate by foreclosure, etc. (assessed value, $101,005) . . . . . Taxes, insurance, etc., paid on mortaged properties . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . $25,000 00 428,537 00 100,970 00 10,000 00 54,720 00 6,250 00 34,835 95 2,065,531 06 1,169,400 00 20,000 00 18,920 93 2,007 53 43,998 71 3,773 11 . $3,9 83 ,9 4 4 29 . . . L ia b i l i t i e s . Due depositors on 8,182 accounts, averaging $436.43 each . . . . . $3,570,861 92 (.Accounts opened during year, 1,882: closed, 805; increase, 577) Surplus: — а. Guaranty fund (4-87% of deposits; increase during year, $14,300) . . . 173,800 00 б. Profit and loss (increase during year, $85,019.84) . . . . . . 202,210 16 Current income: — Interest . . . . . . . . . . $19,578 61 Less current expenses not charged off . . . . 7,506 40 --------------------12,072 21 Unearned discount . . . . . . . . . . . . 25,000 00 T o t a l L i a b i l i t i e s ...............................................$ 3,9 83 ,9 4 4 29 * Edward E. King resigned as treasurer November 1, 1916. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BAN K COMMISSIONER. No. 8.] 15 T o t a l E xpen ses f o r th e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $5,483.01 $5,300.28 $1,060.44 $9,948.63 $21,792.36 Cost per $1,000 of assets 1.38 1.33 .27 2.50 5.48 Cost per $1,000 of assets not including State tax and rent . 3.83 Cross income received during the year, $190,915.30. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 5 .0 6 % .) Real estate loans (average rate, 5.50 per cent.): 4%, $17,650; 5%, $904,961.50; 5J^%, $186,148; 6%, $956,771.56. Personal loans (average rate, 4.48 per cent.): 4M%. $455,000; 4%%, $75,000; 4J^%, $512,000; 5%, $76,050; 5H%, $25,000; 5M%, $4,000; 6%, $22,350. Bonds, stocks, etc. (average rate on amounts invested, 4.69 per cent.): 3%, $60,000; 3}4%, $190,000; 4%, $178,000; 4 ^ % , $105,000; 5%, $155,000; 6%, $49,120. \ Number of loans not over $3,000 each, 601, amounting to $868,068.56. 58 real estate loans made during year, amounting to $155,625. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared dining year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 10,648, amounting to $63,153 20 67,080 47 797,068 25 Number of withdrawals during year, 6,573, amounting to $927,301 92 570,286 48 Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s. Par Value. $25,000 San Francisco, Cal., 5s R a ilr o a d B o n d s. $50,000 Baltimore & Ohio 4His 50.000 Baltimore & Ohio 5s 25.000 Boston & Albany 3H>s $357,015 44 OF S E C U R IT IE S D a t e s op E x a m in a t io n , July 11-13 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OW NED. Par Value. $30,000 Boston & Maine 3His 50.000 C., B. & Q. 3^s 50.000 Chicago, Mil. & St. Paul 4His 25.000 Fitchburg 4s 30.000 Fitchburg 5s 60.000 Illinois Central 3s 25.000 Illinois Central 3His 50.000 N. Y„ N. H. & H. 3Hs S tr e e t R a ilw a y B o n d s . Par Value. $50,000 Boston Elevated 5s 30.000 Boston & Northern 4s 30.000 Old Colony 4s B a n k S to c k s. Shs. 50 Manuf. Nl. Bk., No. Attleborough 16 REPO RT OF THE [Pub. Doc. BARRE SAVINGS BANK, BARRE. Incorporated May 1, 1869. Number of corporators, 38; number of trustees, 17. C. H . F o l l a n s b y , President. M. B . H a n c o c k , Treasurer. H a r d in g J e n k in s , 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 in s , H . L. P i e r c e , G. F . R ic e , C . S. R o o t , G. R . S im o n d s , J. L. S m it h , A . G. W il l ia 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 a r w o o d . 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 in s , A. G. W il l ia m s . Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable January 15 and July 15. Business hours: 9 a .m . to 12 m .; 1 to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 227 loans on real estate (average of each, $3,254.73) . . . . . . . 4 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $10,000; assessed value, $6,800) . . Real estate by foreclosure, etc. (assessed value, $4,500) . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ........................................................................................................................................ T otal A $65,450 00 224,100 00 64,729 00 18,118 75 11,100 00 738,821 50 24,450 00 4,000 00 3,000 00 28,697 59 244 40 s s e t s ...............................................$1,1 82 ,7 1 1 24 L ia b i l i t i e s . . $1,066,427 99 Due depositors on 2,310 accounts, averaging $461.65 each Accounts opened during year, 306; closed, 180; increase, 126) Surplus: — a. Guaranty fund (4.95% of deposits; increase during year, $5,050) b Profit and loss (increase during year, $887.19) Current income: —• Interest . . . . . . . . . . Less current expenses not charged off . . $702 43 Less State or local taxes not charged off . . 136 00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 52,850 00 58,392 28 $5,879 40 838 43 -------------- T o t a l L ia b ilitie s . . . . . 5,040 97 $1,1 82 ,7 1 1 24 No. 8.] BAN K COMMISSIONER. 17 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,479.62 $1,700.00 '$ 2 5 0 .0 0 $1,107.14 $4,536.76 Cost per $1,000 of assets 1.25 1.44 .21 .94 3.84 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.38 Gross income received during the year, $54,691.54. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 5 .0 2 % ). Real estate loans (average rate, 5.34 per cent.); 5%, $417,944; 5%%, $28,000; 514%, $92,050; 6%, $200,827.50. Personal loans (average rate, 5.54 per cent.); 5)4%, $22,450; 6%, $2,000. Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cent.); 3%, $30,000; 3)4%, $65,000; 3M%, $7,000; 4%, $143,450; 4)4%, $45,000; 5%, $95,200; 8%, $5,000; 12%, $3,400. Number of loans not over $3,000 each, 169, amounting to $186,746.50. 20 real estate loans made during year, amounting to $83,600. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2)4%, . . . . . July, 1916, 2M % ....................................... Number of deposits during year, 2,126, amounting to . . . . . Number of withdrawals during year, 1,130, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $5,000 Washington County, Me., 4s 10.000 Wilkes-Barre, Pa., 3)4s 10.000 Athol 4s 7,950 No. Attleborough 4s 5,000 W. Springfield 4s 10.000 Br. & Top., Me. (W. D.), 4s 10.000 Kittery, Me. (W. D.), 5s P u b lic F u n d s , N o te s . $7,000 Barre 3)4s 500 Barre 4s OF . . . S E C U R IT IE S R a ilr o a d B o n d s. Par Value. $15,000 Boston & Maine 4s 10.000 Boston & Maine 4)4s 5.000 C., B. & Q. 3)4s 5.000 C., B. & Q. 4s 10.000 Fitchburg 4s 30.000 Illinois Central 3s 10.000 Illinois Central 4s 5.000 Lime Rock 4s 10.000 Michigan Central 3)4s 10.000 N. Y„ N. H. & H. 3)4s 30.000 N. Y., N. H. & H. 4s 46.000 No. Maine Seaport 5s 15.000 St. J. & L. C. 5s 30.000 Washington County 3)4s D a t e o p E x a m in a t io n , June 30. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . $21,556 94 22,718 07 138,460 95 . $182,735 96 110,659 92 . $72,076 04 OW NED. S tr e e t R a ilw a y B o n d s. Par Value. $20,000 Boston Elevated 4)4s 20.000 Boston Elevated 5s 5,000 Fitch. & Leominster 4)4s 1,500 Fitch. & Leominster 5s 10.000 West End 4s 10.000 West End 4)4s B a n k S to c k s. Shs. 20 Boylston Nl. Bk., Boston 50 Market Trust Co., Boston 34 Second Nl. Bk., Boston 7 Ware Nl. Bk. 18 [Pub. Doc, REPO RT OF THE BASS RIVER SAVINGS BANK, SOUTH YARMOUTH. B R ID G E Incorporated April 15, 1874. STREET. Number of corporators, 37; number of trustees, 18. C h a r l e s G . B a k e r , President. M a n t o n H . C r o w e l l , Clerk of the Corporation. H ib a m D. L o s i n g , Treasurer. L . B e ll e O ’ N e il , Assistant Treasurer. 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 r in 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 , J. P . E d w a r d s , E . L . J e n k i n 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 315 loans on real estate (average of each, $1,470.53) . 30 loans on personal security . . . . . Real estate by foreclosure, etc. (assessed value, $15,600) Suspense account, tax titles . . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . . . $10,000 157,465 25,122 9,133 3,000 111 463,217 57,945 7,668 1,140 43,140 3,729 . . . . . . . . 00 00 30 50 00 25 50 00 45 98 66 34 $781,673 98 T o t a l A s s e ts L ia b ilitie s . Due depositors on 1,771 accounts, averaging $399.64 each (Accounts opened during year, 143; closed, 115; increase, 28) Surplus: — . a. Guaranty fund {4.91% of deposits; increase during year, $1,492) b. Profit and loss {increase during year, $2,491.65) Current income: — Interest . . . . . . . . . Less current expenses not charged off . . . Unearned discount . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . 34,742 00 35,925 56 $3,467 17 254 02 3,213 15 36 10 . T o t a l L ia b ilitie s $707,757 17 . $781,673 98 No. 8.] BANK COMMISSIONER. 19 T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $989.62 $2,933.00 $100.00 $33.25 $653.19 $4,709.06 Cost per $1,000 of assets 1.27 3.75 .13 .04 .83 6.02 Cost per $1,000 of assets not including State tax and r e n t ................................................ 4.62 Gross income received during the year, $37,577.90. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .1 6 % ). Real estate loans (average rate, 5.57 per cent.): 5%, $124,847.50; 5M%. $7,500; 5H%, $141,385; 6%, $189,096; 7%, $389. Personal loans (average rate, 4.86 per cent.): 4J^%, $10,000; 4J^%, $25,000; 5V % , $11,500; 514%, $4,700; 6%, $6,745. Bonds, stocks, etc. (average rate on amounts invested, 4.34 per cent.): 3%%, $60,000; 4%, $91,000; 4Ji%, $43,000; 5%, $20,000; 7%, $3,000. Number of loans not over $3,000 each, 283, amounting to $246,303. 39 real estate loans made during year, amounting to $61,400. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared dining year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 1,259, amounting to . Number of withdrawals during year, 1,260, amounting t Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $10,000 Seattle, Washington, 4M>s R a ilr o a d B o n d s. $4,000 Baltimore & Ohio 4Mis 6.000 Baltimore & Ohio 5s 5.000 Boston & Albany 4s 11.000 Boston & Maine 4s 9.000 Boston & Maine 4Mis 20.000 C., B. & Q. 3^s D a tes o f . OF . . o . . . . . . $12,953 61 .......................................13A88 56 . . . 104,102 78 ....................................... . S E C U R IT IE S . . . $44,344 76 OW NED. Par Value. S tr e e t R a ilw a y B o n d s . $3,000 Chic., Mil. & St. Paul 5s $5,000 Boston Elevated 4s 10.000 Fitchburg 3J^s 5.000 Boston Elevated 4Mis 6.000 Fitchburg 5s 3.000 Boston & Northern 4s 25.000 Illinois Central 3J^s 3.000 Old Colony 4s 4.000 Maine Central 4M>s 11,000 West End 4M>s 4.000 Me. Cent. & E. & N. A. 4s 10.000 Minn., St. P. & S. St. Marie 4s 5.000 N. Y. C. & H. R. 4s 5.000 N. Y„ N. H. & H. 3^s B a n k S to c k s. 15.000 N. Y„ N. II. & H. 4s Shs. 5.000 No. Maine Seaport 5s 24 First Nl. Bk., New Bedford 20.000 Old Colony 4s 6 First Nl. Bk., Yarmouthport E x a m in a t io n a n d A u d it , February 23-26 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $130,244 95 85,900 19 20 RE PO R T OF THE [Pub. Doc. / BAY STATE SAVINGS BANK, WORCESTER. 476 M A I N Incorporated March 9, 1895. STREET. Number of corporators, 99; number of trustees, 21. J a m e s E a r l y , President. T h o m as H . S u l l iv a n , Clerk of the Corporation. G e o r g e M c A l e e r , Treasurer. T h o m a s H . C a l l e r y , Assistant Treasurer. Board of Trustees: T h o m as B a r r e t t , T . J. B a r r 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 r o h a n , J a m e s E a r 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 r d H e a l y , M . B. L a m b , J. F. L o o b y , J a m e s M c D e r m o t t , J. A . M c D e r m o t t , M . F. M c M a h o n , M . J. O ’M e a r a , J. B. Sim a r d , P. E . S o m e r s . Board of Investment: J a m e s E a r l y , J. A . M c D e r m o t t , T . J. B a r r e t t , M . F . M c M a h o n , T . H . H a l l . Auditing Committee: A l e x a n d e r B e l is l e , J. F. H e a l y , C. M . C a l l a h a n . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . $230,557 500,863 109,488 37,212 Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds, . 422 loans on real estate (average of each, S3,437.84) . Less amount due on uncompleted loans . $1,453,558 00 3,000 00 -------------------17 loans on personal security . . . . . . . . . . Suspense account . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h .............................................................................................................................. T ota l A 10 25 50 50 1,450,558 00 13,267 00 9 90 15,861 04 1,207 09 s s e t s ...............................................$2,3 59 ,0 2 4 38 L ia b ilitie s . Due depositors on 4,333 accounts, averaging $521.71 each (Accounts opened during year, 459; closed, 336; increase, 123) Surplus: — o. Guaranty fund (2-48% of deposits; increase during year, $5,520) b. Profit and loss {increase during year, S3,051.73) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $2,260,558 85 56,062 00 25,642 76 $17,508 60 747 83 ---------------- 16,760 77 . $ 2,359,024 38 No. 8.] 21 BAN K COMMISSIONER. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. Total. Rent. Advertising. Other Expenses. State Tax (Net). Salaries. $7,802.53 Amount paid for $3,267.26 $2,235.26 $1,200.00 $452.75 $647.26 3.30 .27 Cost per $1,000 of assets 1.38 .95 .51 .19 Cost per $1,000 of assets not including State tax and rent . 1.41 Gross income received during the year, $101,303.71. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .5 9 % ). Real estate loans (average rate, 4.98 per cent.) 4J^%, $62,000; 5%, $1,385,521; 6%, $3,037. Personal loans (average rate, 5.57 per cent.): 5%, $5,717; 6%, $7,550. Bonds, stocks, etc. (average rate on amounts invested, 3.92 per cent.): 3J^%, $338,000; 4%, $504,000; 4*£%, $55,000. Number of loans not over $3,000 each, 230, amounting to $386,280. 51 real estate loans made during year, amounting to $203,200. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: March, 1916, 2% . . . . . $40,535 07 Sept., 1916, 2 % .......................................42,714 18 Number of deposits during year, 3,684, amounting to . . . . . 390,008 31 Number of withdrawals during year, 2,386, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $110,000 Massachusetts 3^>s 29.000 Boston 3Ks 36.000 Boston 4s 5.000 Everett 4s 4.000 Fitchburg 4s 15.000 Newport, R. I., 3}4s 15.000 Quincy 4s 13.000 Worcester 3 3,000 Worcester 4s . OF . . . . S E C U R IT IE S . . . . . . $473,257 56 279,915 31 . $193,342 25 OW NED. R a ilr o a d B o n d s. Par Value. $20,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4}^s 80.000 Boston & Albany 4s 10.000 Boston & Lowell 4s 10.000 Boston & Maine 3)^s 10.000 Boston & Maine 4s 80.000 C., B. & Q. 3J^s 15.000 Chi., Mil. & St. Paul 4s 10.000 Chicago & Northwestern 4s 5,000 Fitchburg 3M>s 37.000 Fitchburg 4s 36.000 Illinois Central 3J^s 45.000 Illinois Central 4s D a t e s of E x a m in a t io n a n d A u d it , July 16-21 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Par Value. $10,000 Jam., Fran. & Clearfield 4s 10.000 Lake Shore & Mich. South. 4s 25.000 Maine Central 4J^s 25.000 Min., St. P. & S. S. Marie 4s 15.000 N.Y. C. &H. R. 3^s 10.000 N. Y. C. &H. R.4s 25.000 N. Y., N. H. & H. 3J^s 5,000 Old Colony 4s 20.000 Pennsylvania 4J^s S tr e e t R a ilw a y B o n d s . $33,000 Boston Elevated 4s 40.000 Boston & Northern 4s 41.000 West End 4s 09 REPO RT OF TH E [Pub. Doc. BELMONT SAVINGS BANK, BELMONT. 10 Incorporated March 5, 1885. LEONARD STREET. Number of corporators, 48; number of trustees, 17. J. H e n r y F l e t c h e e , President. R o y a l T . B r o d r ic k , Treasurer. C. O l iv e e 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 e o d e ic e , F e e d e e ic D o d g e , J. L. E l l is , J. H. F l e t c h e e , J. E. F b e n n in g , H e n e y F e o st , 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 , C. W . S h e e m a n , H. 0 . U n d e r 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 e e d e e ic D o d g e , I. H. L o c k e , F. H. K e n d a l l , C. J. M c G i n n i s . Auditing Committee: J. E. L o c k e , C. O. H il l , C. W. S h e e m a n . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of January and July. Business hours: 3 to 5.30 p .m .; also Wednes days, 7 to 8 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. Assets. Public funds, bonds and notes . . . . . . Railroad bonds and notes . . . . . . . Street railway bonds . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . Stocks of banks and trust companies . . . . . 190 loans on real estate (.average of each, S3,634.16) . . . 2 loans on personal security . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . Deposits in national banks or trust companies . . . Cash and cash items . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $70,740 170,342 52,277 12,507 600 500,490 5,500 847 14,016 1,944 00 50 50 50 00 00 00 68 97 27■ s s e t s ...............................................$829,266 42 L ia b ilitie s . Due depositors on 2,782 accounts, averaging $283.67 each (Accounts opened during year, S69; closed, 187; increase, 182) Surplus: — a. Guaranty fund (8.21% of deposits; increase during year, $2,000) b. Profit and loss (increase during year, $2,109.40) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . School savings stamps account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $789,182 71 . . 25,300 00 5,775 84 $9,182 05 646 27 8,535 78 472 09 T o t a l L i a b i l i t i e s ...............................................$829,266 42 23 BANK COMMISSIONER, No. 8.] T o t a l E xp en ses fo r t h e Y e a r , in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Amount paid for $1,277.39 $1,350.00 $300.00 Cost per $1,000 of assets 1.54 1.63 .36 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $159.60 $739.63 $3,826.62 .19 .89 4.61 2.71 Gross income received during the year, $37,114.47. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 4 % ). Real estate loans (average rate, 5.10 per cent.): 5%, $411,975; 5J^%, $10,000; 5)^%, $62,965; 6%, $15,550. Personal loans (average rate, 4.86 per cent.): 4%%, $5,000; 6%, $500. Bonds, stocks, etc. (average rate on amounts invested, 4.14 per cent.): 3J^%, $20,000; 4%, $234,000; 4H % , $41,000; 5%, $15,000; 8%, $600. Number of loans not over $3,000 each, 122, amounting to $170,715. 30 real estate loans made during year, amounting to $96,950. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 3,344, amounting to . . . . . ....................................... . . . . Number of withdrawals during year, 1,492, amounting to . Net increase in amount due depositors SCHEDULE . . S E C U R IT IE S . . . . . . $181,891 25 124,180 84 . $57,710 41 OW NED. Par Value. $5,000 Baltimore & Ohio 4J^s 5.000 Boston & Albany 3)^s 15.000 Boston & Albany 4s 28.000 Boston & Maine 4s 3.000 Boston & Maine 4J^s 5.000 C., B. & Q. 4s 20.000 Chicago & Northwestern 4s 8.000 Fitchburg 4s 7.000 Fitchburg 5s 5.000 Illinois Central 3Hs 8.000 Illinois Central 4s 5.000 Maine Central 4Ks 3.000 Me. Cent. & E. & N. Am. 4s 10.000 N. Y., N. H. & H. 3^s 35.000 N. Y., N. H. &H.4s 10.000 Old Colony 4s D a t e of E x a m in a t io n , April 5. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . R a ilr o a d B o n d s . P u b lic F u n d s, B on d s. Par Value. $5,000 Massachusetts 4s 3.000 Beverly 4s 10.000 Boston 4s 6.000 Brockton 4J^s 5.000 Chicago, 111., 4s 5.000 Cleveland, 0., 4J^s 3.000 Melrose 4s 5.000 Minneapolis, Minn., 4s 5.000 Portland, Ore., 4)^s 3.000 Worcester 4s 17.000 Belmont 4s 2.000 Belmont 4Mis 2.000 Peabody 4s OF . . $14,083 15 14,586 00 153,222 10 S tr e e t R a ilw a y B o n d s. Par Value. $13,000 Boston Elevated 4s 7.000 Boston Elevated 4J^s 5.000 Boston & Northern 4s 5.000 Springfield 4s 12.000 West End 4s 8.000 West End 5s 3.000 Wore. Consd. 4}^s B a n k S to c k s. Shs. 6 Nl. Shawmut Bk., Boston. 24 [Pub. Doc. REPO RT OF THE BENJAMIN FRANKLIN SAVINGS BANK, FRANKLIN. 9 Incorporated February 20, 1871. DEAN AVENUE. Number of corporators, 37; number of trustees, 20. E l ish 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 of the Corporation. Board of Trustees: J. E. C a r p e n t e r , E. P. C h a p m a n , F . P. C h a p m a n , A. B. C h il s o n , J. O. C h il s o n , O. T . D o e , W. M . F i s h e r , A. J. G a l l is o n , J. F . G e b , G . H . G r a n t , H . W. H o s ie , W. S. J o h n s o n , A. H . M a r t i 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 , Joseph 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 i s h e r , C . J. M u r p h y . Auditing Committee: A . J. G a l l is o n , J. E. C a r p e n t e r , L. W. S t o t t . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 233 loans on real estate (average of each, $2,102.25) . . . . . 40 loans on personal security . . . . . . . . . Furniture and fixtures . . . . .' . . . . Real estate by foreclosure, etc. (assessed value, $18,000) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T ota l A . . . . . . . . . . . . . $25,000 00 243,528 50 34,568 00 13,012 50 4,910 00 489,825 00 150,050 00 2,355 42 18,493 02 29 65 20,943 86 1,633 52 s s e t s ...............................................$ 1,004,349 47 L ia b ilit ie s . Due depositors on 3,522 accounts, averaging $268.95 each . . . . . (Accounts opened during year, 584; closed, 358; increase, 226) Surplus: — a. Guaranty fund (3.11% of deposits; increase during year, $2,249.12) . b. Profit and loss (increase during year, $1,943.22) . . . . . . Current income: — а. Interest . . . . . . . $9,328 71 б. Rent . . . . . . . 35 50 --------------------$9,364 21 Less current expenses not charged off . . . 1,535 56 29,496 40 11,111 93 7,828 65 8,674 79 Unearned discount https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $947,237 70 T o t a l L ia b ilitie s . . $1,0 04 ,3 4 9 47 25 BANK COMMISSIONER. No. 8. T o t a l E xp en ses fo r t h e Y e a r , in c lu d in g S ta te T a x e s. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Amount paid for $2,074.80 $2,320.00 $240.00 $125.28 $1,073.31 Cost per $1,000 of assets 2.06 2.31 .24 .12 1.07 Cost per $1,000 of assets not including State tax and rent . . . . . . Total. $5,833.39 5.80 3.50 Gross income received during the year, $44,352.45. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 6 % ). Real estate loans (average rate, 5.40 per cent.): 5%, $284,225; 5)4%, $14,600; 6%, $191,000. Personal loans (average rate, 4.38 per cent.): 4%, $25,000; 4)4%, $90,000; 4)4%, $10,000; 5%, $19,800; 6%, $5,250. Bonds, stocks, etc. (average rate on amounts invested, 4.25 per cent.): 3%, $5,000; 3)4%. $48,000; 4%, $135,000; 4)4%, $5,000; 4)4%, $75,000; 5%, $51,840 ; 6%, $3,700. Number of loans not over $3,000 each, 219, amounting to $260,225. 32 real estate loans made during year, amounting to $99,700. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 4,887, amounting to . . . . . . ....................................... . . . . Number of withdrawals during year, 2,556, amounting to Net increase in amount due depositors SCH EDULE P u b lic F u n d s , B o n d s . Par Value. $5,000 Boston 4s 10,000 Brockton 4s 5.000 Bridgeport, Conn., 4)4s 5.000 Franklin 4s R a ilr o a d B o n d s. $5,000 Baltimore & Ohio 3)4s 6,000 Bangor & Aroostook 5s 10.000 Bennington & Rut. 4J4s 10.000 Boston & Albany 3)4s 10.000 Boston & Maine 4s 10.000 Boston & Maine 4)4s OF . . . S E C U R IT IE S . . . . . . . $259,902 09 171,692 82 . $88,209 27 OW NED. Par Value. $10,000 Boston, R. B. & L. 4J4s 10.000 Chic., Mil. & St. Paul 4)4s 25.000 Fitchburg 4s 5.000 Fitchburg 5s 5.000 Illinois Central 3s 8.000 Illinois Central 3J4s 20.000 Illinois Central 4s 10.000 Maine Central 4)4s 5.000 Michigan Central 3)4s 25.000 Minn., St. P. & S. St. Marie 4s 10.000 N. Y. Central & H. R. 4s 10.000 N. Y„ N. H. & H. 3)4s 10.000 N. Y., N. H. & H. 4s 10.000 No. Maine Seaport 5s 5.000 Sioux City & Pacific 3)4s D a t e s op E x a m in a t io n , May 16, 17. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $16,320 27 17,053 01 226,528 81 Par Value. $20,000 Upper Coos 4)4s 5,000 Washington County 3)4s S tr e e t R a ilw a y B o n d s . $5,000 Boston Elevated 4J4s 10.000 Boston Elevated 5s 20.000 West End 5s B a n k S to c k s. Shs. 37 Franklin Nl. Bk. 12 Nl. Bk. of Wrentham 26 REPO RT OF THE [Pub. Doc, BERKSHIRE COUNTY SAVINGS BANK, PITTSFIELD.* 24 Incorporated February 2, 1846. NORTH STREET. Number of corporators, 51; number of trustees, 21. A r t h u r H . R i c e , President. J o h n B a r k e r , Clerk of the Corporation. W il l ia m L . A d a m , Treasurer. F r e d T. F r a n c is , Assistant Treasurer. Board of Trustees: W. L. A d a m , J. L. B a c o n , A . H. B a g g , G . W. B a il e y , R . B . B a r d w e l l , J oh n B a r k e r , 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 am w e l l , R. H. G a m w e l l , W. F. H a w k i n s , C. L. H ib b a r d , E. A . J o n e s , A l e x a n d e r K e n n e d y , A . H. R ic e , W. H. S l o a n , L. A . S t e v e n s , 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. S t 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,519 loans on real estate {average of each, S3,646.91) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,630,800 00 . . . 91,150 00 --------------------50 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $139,000; assessed value, $138,925) . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . $112,320 00 855,925 00 527,062 50 157,691 25 783,909 00 5,539,650 280,575 135,000 42 229,731 6,809 00 00 00 00 38 66 s s e t s ...............................................$ 8,628,715 79 L ia b ilitie s . Due depositors on 20,558 accounts, averaging $392.85 each . . . . . (Accounts opened during year, 8,387; closed, 2,361; increase, 976) Surplus: — а. Guaranty fund {4.98% of deposits; increase during year, $19,500) . . . б. Profit and loss {increase during year, $4-7,629.17) . . . . . . Current income: — a. Interest . . . . . . . $65,749 67 b. R e n t .......................................................... 1,258 84 --------------------$67,008 51 Less current expenses not charged off 7,853 75 --------------------Suspense account . . . . . . . . . . . . $8,076,309 04 398,000 00 95,151 99 59,154 76 100 00 T o t a l L i a b i l i t i e s ...............................................$8,628,715 79 * Statements of Life Insurance Departments appear on pages immediately following page 395. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER, 27 T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $7,275.34 $14,736.11 $3,600.00 $217.25 $4,671.09 $30,499.79 Cost per $1,000 of assets .84 1.71 .42 .02 .54 3.53 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.27 Gross income received during the year, $400,259.44. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 5 % ). Real estate loans (average rate, 4.87 per cent.): 4J^%, $1,386,500; 5%, $4,149,150; 6%, $4,000. Personal loans (average rate, 5.07 per cent.); 4%, $15,000; 5%, $231,575; 6%, $34,000. Bonds, stocks, etc. (average rate on amounts invested, 4.76 per cent.): 3)4%, $309,000; 4%, $818,600; 4)4%, $26,720; 5%, $454,000; 6%, $92,000; 7%, $36,800; 8%, $165,500; 10%, $141,000; 12%, $52,500; 14%, $5,500; 16%, $25,000; 20%, $10,000. Number of loans not over $3,000 each, 1,133, amounting to $1,802,325. 188 real estate loans made during year, amounting to $692,850. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 28,928, amounting to $146,406 90 151,194 50 1,547,672 74 Number of withdrawals during year, 18,050, amounting to . Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $42,000 Great Barrington 3)4s P u b lic F u n d s , N o te s . $4,400 Pittsfield 4)4s 3,420 Lanesborough 4)4b 400 Peru 4s 2.000 Peru 4)4b 38,200 Dalton (F. D.), 4s 5.000 Gt. Barrington (F. D.), 4s 17,000 Gt. Barrington (F. D.), 4)4« R a ilr o a d B o n d s. $75,000 Bangor & Aroostook 5s 25.000 Chic. & Northw. 3)4b 50.000 Fre., Elk. & Mo. Val. 6s 150,000 111. Central 4s $493,814 59 O F S E C U R IT IE S OW NED. Par Value. $22,000 Louis. & Nashville 6s 242.000 N. Y., N. H. & H. 3)4s 300.000 No. Maine Seaport 5s S tr e e t R a ilw a y B o n d s . $50,000 Boston Elevated 5s 150.000 Hoosae Valley 4s 29,000 Hoosae Valley 5s 300.000 Pittsfield Elec. 4s B a n k S to c k s. Shs. 55 Greyloek NI. Bk., Adams 25 American Trust Co., Boston 143 Eliot NI. Bk., Boston 250 First NI. Bk., Boston 100 Fourth-Atlantic NI. Bk., Boston 160 International Trust Co., Boston D a t e s o f E x a m in a t io n a n d A u d it , April 24-29 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,845,274 14 1,351,459 55 Shs. 500 Merchants NI. Bk., Boston 100 NI. Bk. of the Republic, Boston 500 NI. Shawmut Bk., Boston 40 NI. Union Bk., Boston 204 Old Boston NI. Bk., Boston 250 Old Colony Tr. Co., Boston 500 Second NI. Bk., Boston 122 Webster & Atlas NI. Bk., Boston 24 Hadley Falls NI. Bk., Holyoke 100 Lee NI. Bk. 100 North Adams NI. Bk. 100 Agricultural NI. Bk., Pittsfield 200 Berkshire L. & T. Co., Pittsfield 268 Pittsfield NI. Bk. 309 Third NI. Bk., Pittsfield 100 Chapin NI. Bk., Springfield 200 Chicopee NI. Bk., Springfield 300 Springfield NI. Bk. 10 Housatonic NI. Bk., Stockbridge 350 Merchants NI. Bk., Worcester [Pub. Doc. REPO RT OF THE 28 BEVERLY SAVINGS BANK, BEVERLY. 171 Incorporated February 23, 1867. CABOT STREET. Number of corporators, 111; number of trustees, 24. R o l a n d W . B o t d e n , President. R o d n e y C . L a r c o m , Clerk of the Corporation. C h a r l e s H . K il h a m , Treasurer. A r t h u r K . S t o r y , Assistant Treasurer. Board of Trustees: R. C . A l l e n , A l b e r t B o y d e n , 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 , Sa 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 , H. P. B r e t t , 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 Wednesday of January, April, July and October; dividends are payable fourth Wednesday 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. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 747 loans on real estate (average of each, $2,703.80) . Less amount due on uncompleted loans . . . . . . $148,937 50 . . . 1,061,117 58 . . . 222,725 00 . . . 80,498 75 . . . 316,501 89 . . . . . . 11,001 00 . . . $2,020,967 00 . . . 1,600 00 --------------------2,019,367 00 27 loans on personal security . . . . . . . . . . 515,920 00 Bank building and fixtures (estimated value, $75,000; assessed value, $52,750) . . 60,000 00 Real estate by foreclosure, etc. (assessed value, $2,300) . . . . . . 2,842 22 Taxes, insurance, etc., paid on mortgaged properties . . . . . . 78 76 Deposits in national banks or trust companies . . . . . . . 75,287 21 C a s h ....................................................................................................................................... 6,931 86 T ota l A . . . . . . . . . . . . . . . s s e t s ...............................................$ 4,521,208 77 L ia b ilitie s . Due depositors on 12,340 accounts, averaging $342.38 each . . . . . (Accounts opened during year, 1,800; closed, 1,397; increase, 699) Surplus: — a. Guaranty fund (4.93% of deposits; increase during year, $12^88.79) . . b. Profit and loss (increase during year, $14,325.52) . . . . . . Current income: — Interest . . . . . . . . . . $1,134 25 Less current expenses not charged off . . $376 85 Less rent not charged off . . . . 15 00 --------------------391 85 --------------------- $4,224,923 91 . $4,521,208 77 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 208,281 31 87,261 15 742 40 No. 8.] 29 B AN K COMMISSIONER. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $7,795.04 $6,632.65 $1,500.00 $169.33 $2,514.92 $18,611.94 Cost per $1,000 of assets 1.72 1.47 .33 .04 .56 4.12 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.07 Gross income received during the year, $212,558.30. B a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 1 % ). Real estate loans (average rate, 5.02 per cent.): 4M%> $47,875; 4%%, $61,000; 5%, $1,773,428; 5M%> $9,700; 5H%, $95,185; 6%, $32,179. Personal loans (average rate, 4.27 per cent.): 3%%, $25,000; 4%, $47,500; 4M%> $335,000; 4M%> $90,400; 5%, $18,020. Bonds, stocks, etc. (average rate on amounts invested, 4.72 per cent.): 3.35%, $20,000; 3M%i> $100,000; 4%, $680,000; 4M%, $300,000; 5%, $315,000; 5M%, $37,500; 6%, $153,850; 7%, $33,200; 8%, $71,000; 10%, $23,200; 12%, $5,700; 16%, $25,000. Number of loans not over $3,000 each, 592, amounting to $933,972. 48 real estate loans made during year, amounting to $158,007. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916,2% Number of deposits during year, 19,271, amounting to $76,207 70 78,467 94 826,585 69 Number of withdrawals during year, 10,014, amounting to Net increase in amount due depositors SCHEDULE . OF . . . . S E C U R IT IE S . . . . . . $981,261 33 707,111 24 . $274,150 09 OW NED. P u b lic F u n d s, B on d s. S tr e e t R a ilw a y B o n d s . Par Value. $15,000 Boston 4s 15.000 Canton, 0., 5Ms 22.000 Chelsea 4s 5,000 New Bedford 4s 15.000 Oakland, Cal., 5Ms 7,500 South Omaha, Neb., 5Ms 25.000 Portland, Ore., 6s 25.000 Seattle, Wash., 4Ms Par Value. $50,000 Boston Elevated 5s 30.000 Boston & Northern 4s 30.000 Holyoke 5s 30.000 Lynn & Boston 5s 25.000 Old Colony 4s 10.000 So. Shore & Boston 5s 25.000 West End 5s 15.000 Western Massachusetts 5s 15.000 Wore. & Southbridge 4Ms Par Value. $75,000 C„ B. & Q. 3Ms 35.000 C., B. & Q. 4s 70.000 Chicago, Mil. & St. Paul 5s 25.000 Chicago & Northwestern 4s 40.000 Chicago & Northwestern 6s 25.000 Connecticut River 6s, notes 25.000 Fitchburg 4Ms 131,000 Illinois Central 4s 30.000 Indiana, Illinois & Iowa 4s 20.000 Lake Shore & Mich. So. 4s P u b lic F u n d s , N o te s . 25.000 Louisville & Nashville 5s 20.000 Quincy 3.35% 50.000 Louisville & Nashville 6s 25.000 Maine Central 4Ms R a ilr o a d B o n d s. 25.000 Michigan Central 3M8 $25,000 Atchison, T. & S. Fe 4s 50.000 Minn., St. P. & S. St. Marie 4s 70.000 Baltimore & Ohio 4Ms 25.000 N. Y. Central & H. R. 4s 10.000 Baltimore & Ohio 5s 75.000 N. Y., N. H. & H. 4s 25.000 Boston & Albany 5s 5,000 Old Colony 4s 25.000 Boston & Lowell 5s 75.000 Pennsylvania 4Ms 25.000 Boston & Maine 4s 25.000 Portland Terminal Co. 4s 25.000 Boston & Maine 4Ms 21.000 St. P., Minn. & Manitoba 4s 10.000 Boston, Rev. Beach & L. 4Ms 30.000 St. P., M. & Manitoba 4Ms D a t e s of E x a m in a t io n , March 16-18 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis B a n k S to ck s. Shs. 332 Beverly Nl. Bank 25 American Trust Co., Boston 250 First Nl. Bk., Boston 710 Nl. Shawmut Bk., Boston 32 Second Nl. Bk., Boston 232 Old Colony Tr. Co., Boston 18 Nl. Grand Bk., Marblehead 71 First Nl. Bk., Salem 30 REPO RT OF THE [Pub. Doc, BLACKSTONE SAVINGS BANK, BOSTON. 26 W A S H IN G T O N Incorporated April 23, 1901. STREET. Number of corporators, 49; number of trustees, 19. Louis A. F k o t h in g h a m , President. A b t h u r E. R o b e r t s , Treasurer. J o h n F . T u r n e r , Clerk of the Corporation. Board of Trustees: F . W. A l l e n , 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 , A . J. L y m a n , J o h 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 il e y . Board of Investment: L. A. F r o t h in g h a m , J o h n O ’H a r e , H. H. Sa v a g e , J. E. W e l c h , A. F. B e m is . Auditing Committee: J. F. T u r n e r , E. E. G r a y , E. N. E a m e s . Deposits draw interest from third Saturday of January, April, July and October; dividends are pay able Monday following third Saturday of April and October. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 to 1 p .m .; also Mondays from 3 to 5 p . m . for deposits only. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A sse ts. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . 384 loans on real estate (average of each, $2,701.25) . 11 loans on personal security . . . . Furniture and fixtures . . . . . . Real estate by foreclosure, etc. (assessed value, $9,700) Premium account . . . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 . . . . . . . . . . . . . . . . . $91,268 75 207,187 99 28,000 00 28,725 00 1,037,280 00 108,000 00 848 00 7,440 80 3,521 90 49,646 29 4,044 29 s s e t s ...............................................$ 1,565,963 02 L ia b i l i t i e s . Due depositors on 2,958 accounts, averaging $515.45 each . . . . . (Accounts opened during year, 645; closed, 340; increase, 205) Surplus: — a. Guaranty fund (1 -46% of deposits; increase during year, $3,750) . . . b. Profit and loss (increase during year, $4,610.40) . . . . . . Current income: — ! Interest . . . . . . . . . . $821 08 Less current expenses not charged off . . . . 60 51 --------------------- $1,524,719 21 . $ 1,565,963 02 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 22,344 78 18,138 46 760 57 BAN K COMMISSIONER. No. 31 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $1,801.15 $10,006.28 Amount paid for $1,780.93 $4,001,00 $2,010.00 $413.20 1.15 6.37 Cost per $1,000 of assets 1.13 2.55 1.28 .26 3.96 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $74,071.39. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .1 7 % ). Real estate loans (average rate, 5.57 per cent.): 5%, $5,500; 5M%, $878,470; 6%, $153,310. Personal loans (average rate, 4.29 per cent.): 4%, $18,000; 4J£%, $63,000; 4M%, $23,000; 5%, $4,000. Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cent.): 3J^%, $62,000; 3%%, $4,000; 4%, $197,000; 4M%. $10,000; 4 ^ % , $59,000; 5%, $37,000; 6%, $5,000. Number of loans not over $3,000 each, 258, amounting to $548,110. 60 real estate loans made during year, amounting to $166,350. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 3,366, amounting to $26,572 58 28,288 56 353,371 01 Number of withdrawals during year, 2,035, amounting to $408,232 15 249,353 44 $158,878 71 Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $3,000 Massachusetts 4s 5.000 Boston 3Ms 15.000 Boston 4s 10.000 Boston 4Mb 5.000 Brockton 4s 5.000 Los Angeles, Cal., 4Mb 10.000 Omaha, Neb., 4Mb 4.000 San Francisco, Cal., 5s 5.000 Seattle, Wash., 4Mb 5.000 Seattle, Wash., 5s 4.000 Somersworth, N. H., 4s 3.000 Danvers 4s 4.000 East Longmeadow 3%s 4.000 Hull 4s 5.000 Mansfield 4s 5.000 Kennebec, Me. (W. D.), 3Ms S E C U R IT IE S OW NED. R a ilr o a d B o n d s . Par Value. $5,000 Minn., St. P. & S. S. Marie 4s Par Value. 20.000 N. Y. C & H. R. 4s $19,000 Baltimore & Ohio 3Mb 28.000 N. Y., N. H. & H. 3Mb 10.000 Baltimore & Ohio 4s 10.000 No. Maine Seaport 5s 5.000 Baltimore & Ohio 4Mb 15.000 Southern Pacific 4s 5.000 Bangor & Aroostook 5s 10.000 Boston & Albany 4s 12.000 Boston & Maine 4s 5.000 Boston & Maine 4Mb 2.000 C., B. & Q. 3Ma 10.000 C., B. & Q. 4s 15.000 Chicago, Mil. & St. Paul 4s 7.000 Chicago, Mil. & St. Paul 4Mb 10.000 Fitchburg 4s 7.000 Fitchburg 5s S tr e e t R a ilw a y B o n d s . 3.000 Illinois Central 3Mb $22,000 Boston Elevated 4Mb 20.000 Illinois Central 4s 6,000 Springfield & Eastern 5s 5.000 Louisville & Nashville 6s D a t e s o f E x a m in a t io n , March 6, 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF 32 REPO RT OF THE [Pijb. Doc. BOSTON FIVE CENTS SAVINGS BANK, BOSTON. 3 2 -3 8 S C H O O L Incorporated April 7, 1854. STREET. Number of corporators, 46; number of trustees, 20. W il m o t It. E v a n s , President. J o sep h H . C a n n e l l , Clerk of the Corporation. J o seph C. H o l m e s , Treasurer. A l f b e d W . S m a l l , Assistant Treasurer. Board of Trustees: C . R . B a t t , E . W . B u r d e t t , J. H . C a n n e l l , S a m u e l C a r r , A. B . C h a p in , F. A. D a v e n p o r t , W . R. E v a n s , W . R. E v a n s , Jr., R. F. H e r r ic k , J. C . H o l m e s , 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 so n , N. J. R u s t , P h il ip S t o c k t o n . Auditing Committee: J. H. C a n n e l l , R. F. H e r r ic k , A. M. L y o n . Deposits draw interest from second Wednesday 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 . STATEM ENT O F C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 1,183 loans on real estate {average of each, $20,.521.67) . . . . . . 201 loans'On personal security . . . . . . . . . . . Bank building and fixtures (estimated value, $850,000; assessed value, $460,000) . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T o t a l A s s e ts $11,985,397 5,206,000 1,111,000 359,000 477,500 24,277,132 11,210,301 . 350,000 1,165,513 64,102 00 00 00 00 00 00 00 00 39 77 . $56,205,946 16 L ia b ilitie s . Due depositors on 202,528 accounts, averaging $258.89 each . . . . . $52,431,805 53 (Accounts opened during year, 20,819; closed, 17,618; increase, 8,801) Surplus: — a. Guaranty fund (4.96% of deposits; increase during year, $165,656.50) . . 2,600,408 15 b. Profit and loss (decrease during year, $157,785.88) . . . . . 1,113,139 29 Current income: — I n t e r e s t ....................................................................................... $61,879 38 Less current expenses, etc., not charged off . . . 1,286 19 ------------------60,593 19 T o t a l L i a b i l i t i e s .............................................. $56,205,946 16 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $90,583.05 $91,002.03 $15,000.00 $21,131.98 $217,717.06 Cost per $1,000 of assets 1.61 1.62 .27 •3S 3.88 Cost per $1,000 of assets not including State tax and rent . ............................................ 2.00 Gross income received during the year, $2,344,900.03. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER No. 8.] 33 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .2 9 % ). Real estate loans (average rate, 4.35 per cent.): 4%, $8,196,935; 4Ys%, $41,500; 4J4%, $6,270,250; 4^ % , $125,000; 4 ^ % , $5,093,927; 4M%, $944,400; 5%, $3,582,600; 5M%, $5,000; 5 ^ % , $11,600; 6%, $5,920. Personal loans (average rate, 4.06 per cent.): 2J^%, $200,000; 3%, $200,000; 3M%> $200,000; 4%, $5,141,350; 4^% , $750,000; 4}i% , $4,309,950; $409,000. Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 2.85%, $100,000; 2.90%, $40,000; 2.92%, $100,000; 3%, $90,000; 3.08%, $14,400; 3}4%, $175,000; 3.65%, $50,000; 4%, $13,555,597; $200,000; 4H%, $2,325,400; 5%, $1,401,000; 6%, $664,000; 8%, $111,400; 8M%, $10,000; 10%, $129,300; 12%, $131,300; 16%, $82,500. Number of loans not over $3,000 each, 550, amounting to $1,023,171. 112 real estate loans made during year, amounting to $2,046,200. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 247,940, amounting to . . $935,120 33 957,161 13 11,970,309 54 Number of withdrawals during year, 168,942, amounting to . $13,862,591 00 10,500,421 04 Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $2,304,000 Massachusetts 4s 500,000 New York 4}^s 30.000 Barnstable Co. 4s 85.000 Essex Co. 4s 41.000 Hampden Co. 4s 1,349,000 Boston 4s 100.000 Boston 4}4s 223.000 Brockton 4s 200.000 Buffalo, N. Y., 4}^s 381.000 Cambridge 4s 75.000 Chelsea 4s 261.000 Chicago, 111., 4s 20.000 Chicopee 4s 5.000 Everett 4s 24.000 Everett 4J^s 468.000 Fall River 4s 43.000 Fall River 4)^s 68.000 Fitchburg 4s 58.000 Gloucester 4s 159.000 Haverhill 4s 140.000 Holyoke 4s 95.000 Holyoke 4%a 248.000 Indianapolis, Ind., 4s 250.000 Kansas City, Mo., 4s 89.000 Lawrence 4s 177,700 Lowell 4s 51.000 Lowell 4J4s 135,000 Lynn 4s 50.000 Lynn 4)^s 9.000 Malden 4s 22.000 Marlborough 4s 50.000 Medford 4s 45.000 Melrose 4s 186.000 Milwaukee, Wis., 4s 258.000 New Bedford 4s 50.000 Newburyport 4s 25.000 Newport, R. I., 4s 39.000 Newport, R. I., 4J^s 223.000 Pittsfield 4s 25.000 Pittsfield 4J^s 50.000 Portland, O., 5s 125.000 Providence, R. I., 4s 5.000 Quincy 4s 50.000 Rochester, N. Y., 4}^s 155.000 Salem 4s 68.000 Somerville 4s 340.000 Springfield 4s 50.000 Springfield 4Ms 200.000 St. Paul, Minn., 4J^s 50.000 Syracuse, N. Y., 4jijs 48.000 Taunton 4s 31.000 Taunton 4Hs 40.000 Waltham 4s . OF . . . S E C U R IT IE S . $3,362,169 96 . OW NED. Par Value. $100,000 Waterbury, Conn., 4s 24.000 Woburn 4s 534.000 Worcester 4s 40.000 Adams 4s 80.000 Andover 4s 29.000 Athol 4s 15.000 Attleborough 4s 20.500 Belmont 4s 7.000 Bourne 4s 190.000 Brookline 4s 24.000 Framingham 4s 8.000 Franklin 4s 52.000 Marblehead 4s 42.000 Marion 4J^s 36.000 Milford 4s 21.000 North Andover 4s 31.000 Peppered 4s 20.000 Reading 4s 13.000 Revere 4s 39.000 Rockland 4s 10.500 Watertown 4s - 67,000 Winthrop 4s 40.000 Winthrop 4)^s 35.000 No. Easton Vil. (F. D.) 4s Par Value. $350,000 Boston & Maine 4s 250.000 Boston & Maine 4J4is 694.000 C., B. & Q. 4s 375.000 Chic., Mil. & St. Paul 5s 34.000 Chic., Mil. & St. Paul 6s 99.000 Chic., St. P., Minn. & 0. 6s 125.000 Fitchburg 4-s 200.000 Fitchburg 4J^s 106.000 Fre., Elk. & Mo. Valley 6s 115.000 Illinois Central 5s 22.000 Michigan Cent. 5s 50.000 Montana Cent. 5s 150.000 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 75.000 Philadelphia & Erie 6s 150.000 St. P., Minn. & Man. 4J^s 80.000 St. Paul, Minn. & Man. 6s 37.000 St. Paul & No. Pacific 6s 38.000 St. Paul & Sioux City 6s 20.000 Spokane Falls & North. 6s 100,000 Wilmar & Sioux Falls 5s P u b lic F u n d s , N o te s . $40,000 Bristol Co. 4s 50.000 Attleborough 3J^s 40.000 Beverly 2.90% 100.000 Chicopee 2.92% 4.000 Chicopee 4s 20.000 Everett 3s 60.000 Fitchburg 3Hs 5.000 Haverhill 3s 15.000 Lowell 3^s 100.000 Lowell 4s 100.000 Lynn 2.85% 50.000 Pittsfield 3)^s 50.000 Somerville 3.65% 4.000 Agawam 4s 25.000 Amesbury 3s 30.000 Hamilton 3^s 14,400 Hudson 3.80% 10.000 Sharon 3s 1,400 Ware 4J^s 9.000 Weymouth 4}^s 5,897 Winthrop 4s R a ilr o a d B o n d s . $250,000 Boston & Albany 4s 70.000 Boston & Albany 5s 595.000 Boston & Lowell 4s 100.000 Boston & Lowell 4J^s D a t e s of E x a m in a t i o n , December 26-29. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . S tr e e t R a ilw a y B o n d s . $235,000 Boston Elevated 4s 200.000 Boston Elevated 4)^s 91.000 West End 4s 25.000 West End 4J^s 560.000 West End 5s Shs. B a n k S to ck s. 263 American Tr. Co., Boston 130 Boylston Nl. Bk., Boston 769 First Nl. Bk., Boston 31 Fourth-Atlantic Nl. Bk., Boston 493 Merchants Nl. Bk., 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 W A S H I N G T O N Incorporated ¿March 9, 1861. STREET. Number of corporators, 62; number of trustees, 28. J o h n R e y n o l d s , President. W il l ia m H . D u r k e e , Treasurer. H e r b e r t M . L e l a n d , Clerk of the Corporation. Board of Trustees: J. R. A in s l e y , P. W. B a il e y , C. L. B a ir 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 ottsens, A. H. D e c a t u r , W. H. D u r k e e , F. W. E s t a b r o o k , C. C. F e r r is , J. H . G o o d s p e e d , 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 ie r c e , J oh n R e y n o l d s , W. S. R o l l in s , F. A. S c h ir m e r , L. H. S h e p a r d , F. A. S in 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 ig g in . Board of Investment: J o h n R e y n o l d s , M a t t h e w B i n n e y , J. F. B u e r k e l , L. H. S h e p a r d , R . E . T ow nsend. Auditing Committee: J. H. G o o d s p e e d , W. H. P ie 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. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . $92,843 517,893 170,824 139,468 8,378,575 3,536,150 50,000 199,492 226,833 28,315 Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . 669 loans on real estate (average of each, $12,524.08) . . . . . 117 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $100,000; assessed value, $63,000) Real estate by foreclosure, etc. (assessed value, $213,566) . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T o t a l A s s e ts . . . . . 50 75 00 75 00 00 00 61 68 34 $ 13,340,396 63 L ia b i l i t i e s . Due depositors on 28,227 accounts, averaging $446 each . (Accounts opened during year, 5,529; closed, 4,001; increase 928) Surplus: — a. Guaranty fund (3.07% of deposits; increase during year, $31,500) b. Profit and loss (increase during year, $25,240.85) Current income: — Interest . . . . . . . Less current expenses not charged off . . . . 386,500 00 294,122 76 $36,228 26 3,680 67 32,547 59 38,000 00 Unearned discount https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $12,589,226 28 T o t a l L ia b ilitie s . . $13,340,396 63 BAN K COMMISSIONER. No. 8.] 35 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. S.tate Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $17,321.85 $28,936.00 $2,500.00 $3,242.60 $5,890.28 $57,890.73 Cost per $1,000 of assets 1.30 2.17 .19 .24 .44 4.34 Cost per $1,000 of assets not including State tax and rent . . . . . 2.85 Gross income received during the year, $602,160.89. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 7 % ). Real estate loans (average rate, 4.99 per cent.): 4J^%, $103,000; 5%, $8,273,950; 5J^%, $1,625. Personal loans (average rate, 4.38 per cent.): 4)4%, $1,600,000; 4Y%%, $342,000; 4}^%, $1,545,000; 4%%, $30,000; 5%, $19,150. Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3J^%, $175,000; 4%, $555,000; 4}4%, $200,000; 5%, $25,000. Number of loans not over $3,000 each, 107, amounting to $232,910. 31 real estate loans made during year, amounting to $780,000. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916,2% Number of deposits during year, 46,182, amounting to . Number of withdrawals during year, 31,856, amounting to . . . . . . . $231,091 94 237,114 20 2,529,847 22 . . $2,998,053 36 2,369,653 85 . . . . . . Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $50,000 Boston 3Ms 10.000 Boston 4s 25.000 New Bedford 4s 10.000 Newton 4s R a ilr o a d B o n d s . $25,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 5s 25.000 Boston & Albany 4s . $628,399 51 OF S E C U R IT IE S OW NED. Par Value. $100,000 Boston & Maine 4s 50.000 C., B. & Q. 3J^s 75.000 Chic., Mil. & St. Paul4}^s 25.000 Chic. & Northwestern 4s 25.000 Fitchburg 4s 75.000 Illinois Central 3J^s 25.000 N. Y. C. & H. R. 4s 10.000 N. Y., N. H. & H. 4s 50.000 Northern Pacific 4J^s 25.000 Pennsylvania 4J^s D a t e s op E x a m in a t io n , March 13-15 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . S tr e e t R a ilw a y B on d s. Par Value. $75,000 Boston Elevated 4s 25.000 Boston & Northern 4s 25.000 West End 4s 50.000 West End 4b£s 36 REPO RT OF THE [Pub. Doc. BRAINTREE SAVINGS BANK, SOUTH BRAINTREE. W A S H IN G T O N Incorporated March 21, 1870. STREET. Number of corporators, 37; number of trustees, 12. B e n ja m in F. D y e r , President. G e o r g e W . S t e v e n s , Clerk of the Corporation. F. E u g e n e D y e r , Treasurer. C a r r ie B . L o r in g , Assistant Treasurer. 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 is , J. H. K i l b r it h , 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 , W. A. 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 o d su m . 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 4.30 p .m .; Saturdays, 8.30 a .m . to 12 m .; also on Thursdays, 6.30 to 7.30 p .m . for deposits and drafts, Wednesdays during May, June, July, August and September, 8.30 a .m . to 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 235 loans on real estate {average of each, $1,794-10) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $426,014 00 4,400 00 . . . . . 55 00 00 25 00 421,614 00 67,500 00 145 26 7 loans on personal security . . . . Rent account . . . . . . Suspense account . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . T o t a l A s s e ts $36,873 213,155 75,275 11,131 9,800 200 00 16,014 47 1,628 24 . . . . . $853,336 77 L ia b ilitie s . Due depositors on 1,939 accounts, averaging $395.88 each . . . . . (Accounts opened during year, 263; closed, 290; decrease, 27) Surplus: — а. Guaranty fund (4-06% of deposits; increase during year; 81,847.41). . • . Profit and loss ( increase during year, $ 4 , 038. 14) • • • • • Current income: — Interest . . . . . . . . . . $16,101 27 Less current expenses not charged off . . . . 460 37 --------------------б https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . . . $767,609 43 31,147 48 38,938 96 15,640 90 $853,336 77 BAN K COMMISSIONER. No. 8.] 37 T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,607.93 $1,140.00 $420.00 $22.50 $825.83 $4,016.26 Cost per $1,000 of assets 1.88 1.33 .49 .03 .97 4.70 Cost per $1,000 of assets not including State tax and rent . 2.33 Gross income received during the year, $39,193.61. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 1 % ). Real estate loans (average rate, 5.20 per cent.): 4J^%, $5,000; 5%, $272,207; 5J^%, $117,550; 6%, * $26,857. Personal loans (average rate, 4.29 per cent.): 4J4%, $57,500; 4J£%, $10,000. Bonds, stocks, etc. (average rate on amounts invested, 4.45 per cent.): 2%, $10,000; 3J^%, $18,000; 4%, $122,000; 4M%. $5,000; 4V2%, $92,000; 5%, $84,000; 6%, $9,000; 6M%, $3,700; 8%, $3,600; 10%, $700. Number of loans not over $3,000 each, 197, amounting to $322,762. 29 real estate loans made during year, amounting to $51,800. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 2,449, amounting to . . . . . . ....................................... . . . . Number of withdrawals during year, 1,804, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $5,000 State of California 4s 10,000 Boston 4s 5.000 Boston 4Ms 5.000 Los Angeles, Cal., 4Ks 5.000 Omaha, Neb., 4)^s 5.000 San Francisco, Cal., 5s 2.000 Braintree 4s R a ilr o a d B o n d s. $3,000 Aroostook Northern 5s 5.000 Baltimore & Ohio 4}4s 10.000 Baltimore & Ohio 5s 5.000 Bangor & Aroostook 5s 10.000 Boston & Albany 4J/)s 15.000 Boston & Maine 4s . OF . . . S E C U R IT IE S . . . . . . $172,197 58 130,205 58 . $41,992 00 OW NED. Par Value. $10,000 C., B. &Q. 4s 15.000 Chic., Mil. & St. Paul 4b£s 15.000 Chic., Mil. & St. Paul 5s 13.000 Fitchburg 4s 2.000 Fitchburg 4L£s 10.000 Illinois Central 3J^s 9.000 Louisville & Nashville 6s 10.000 Maine Central 4)^s 5.000 Me. Cent. & E. & N. A. 4s 5.000 N. Y. C. & H. R. 4s 5.000 N. Y., N. H. & H. 3^s 25.000 N. Y., N. H. &H.4s 10.000 No. Maine Seaport 5s 10.000 Old Colony 4s 10.000 Pennsylvania 4b£s 5.000 Vermont Valley 4Ks 3.000 Washington Co. 3Ks 5.000 Wore., Nash. & R. 4s D a t e s of E x a m in a t io n , March 21 and 25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $13,887 96 14,323 36 143,986 26 S tr e e t R a ilw a y B o n d s . Par Value. $20,000 Boston Elevated 4L£s 10.000 Boston & Northern 4s 5.000 Brockton 5s 5.000 Gloucester, Essex & Bev. 5s 6.000 Lowell, Law. & Hav. 5s 10.000 Lynn & Boston 5s 5.000 West End 4s 5.000 West End 5s 5.000 Worcester Consol. 4J^s 5.000 Worcester Consol. 5s B a n k S to ck s. Shs. 7 Merchants Nl. Bk., Boston 36 Nl. Shawmut Bk., Boston 8 Winthrop Nl. Bk., Boston 37 Brockton Nl. Bk. REPORT OF THE 38 [Pub. Doc. BRIDGEWATER SAVINGS BANK, BRIDGEWATER. 11 C E N T R A L Incorporated March 19, 1872. SQUARE. Number of corporators, 22; number of trustees, 13. W il l ia m D. J a c k s o n , President. H a r r y W . B r a g d o n , Treasuter. 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 , C . R . F it c h , E. A. H e w i t t , W. D. J a c k s o n , W. S. L i t t l e , G . J. L o w e , E. A. M a c M a s t e r , G u st a v u s P r a t t , F . E. S w e e t . Board]of Investment: P. O. C l a r k , J. H. F a ir b a n k s , E. A. H e w i t t , E. A. M a c M a s t e r , W. S. L i t t l e . Auditing Committee:. P . O. C l a r k , O. B . C o l e , G u s t a v u s P r a t t . 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 3 p .m .; Saturdays, 9 a .m . to 1 p .m .; also Fridays, from 7 to 8 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 294 loans on real estate {average of each, SI,801 .IS) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $535,812 00 6,281 27 . . . 50 92 00 50 60 529,530 73 66,035 00 27 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $8,000; assessed value, $7,500) Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . T o t a l A s s e ts $194,971 294,052 108,000 19,502 70,665 8,000 00 20,072 95 1,993 90 . . $1,312,825 10 L ia b i l i t i e s . Due depositors on 3,270 accounts, averaging $374.74 each . . . . . $1,225,421 18 {Accounts opened during year, 517; closed, 357; increase, 160) Surplus: — a. Guaranty fund {J^.81% of deposits; increase during year, $3,000) . . . . 59,000 00 b. Profit and loss {increase during year, $5,302.11) . . . . . . 24,158 23 Current income:— a. Interest . . . . . . . $5,387 83 b. Rent . . . . . . . 20 00 --------------------$5,407 83 Less current expenses not charged off . . . . 1,162 14 --------------------4,245 69 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $1,312,825 10 BAN K COMMISSIONER. No. 39 T o ta l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T axes. Rent. State Tax (Net). Salaries. Amount paid for $2,456.71 $2,776.65 Cost per $1,000 of assets 1.87 2.11 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $28.00 $1,780.05 $7,041.41 .02 1.35 5.35 3.46 Gross income received during the year, $60,273.22. B a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .9 0 % ). Real estate loans (average rate, 5.33 per cent.): 4}^%, $10,500; 5%, $357,640; 5J^%, $28,800; 6%, <$132 590.73. Personal loans (average rate, 4.78 per cent.): 4%, $20,000; 43^%, $10,000; 5%, $18,200; 53^%, $14,500; 6%, $3,335. Bonds, stocks, etc. (average rate on amounts invested, 4.58 per cent.): 3J^%, $48,000; 4%, $297,000, 4V2%, $145,000; 5%, $135,700; 6%, $9,300; 63^%, $9,000; 7%, $5,000; 8%, $25,200; 10%; $3,500; 16%, $4,800. Number of loans not over $3,000 each, 259, amounting to $276,617. 50 real estate loans made during year, amounting to $145,900. D iv id e n d s , D e p o s it s a n d 'W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 3,707, amounting to . . Number of withdrawals during year, 2,468, amounting to . Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s. Par Value. $5,000 Massachusetts 4s 5.000 Akron, 0., 414s 10.000 Bay City, Mich., 5s 10.000 Cleveland, 0.,43^s 10.000 Fall River 4s 5.000 Lewiston, Me., 5s 25.000 Los Angeles, Cal.,43^s 5.000 New Bedford 33dis 10.000 New Bedford 4s 5.000 San Francisco, Cal., 4}^s 10.000 Stamford, Conn., 4)^s 5.000 Brewster 4s 20.000 Concord 4s 5.000 Dracut 4s 3.000 Huntington 4s 5.000 Mansfield 4s 10.000 Montague 5s 10.000 North Attleborough 4s 2.000 Revere 4s 10.000 Russell 4s P u b lic F u n d s, N o te s . $25,000 Bridgewater 4s OF . . . S E C U R IT IE S R a ilr o a d B o n d s . . . . . ....................................... . . . . . . . $22,115 22 23,010 00 245,366 41 $290,491 63 200,922 82 . . . $89,568 81 OW NED. S tr e e t R a ilw a y B o n d s . Par Value. Par Value. $40,000 Boston Elevated 43lis $10,000 Baltimore & Ohio 33djs 20.000 Boston & Northern 4s 5.000 Baltimore & Ohio 43^s 15.000 Lowell, Law. & Hav. 5s 15.000 Baltimore & Ohio 5s 10.000 Lynn & Boston 5s 10.000 Bangor & Aroostook 5s 10.000 West End 4s 3.000 Burl. & Mo. Riv. 6s 15.000 Worcester Consol. 43is 17.000 C„ B. & Q. 3Ms 10.000 C., B. & Q. 4s 10.000 Chic. & Northwestern4s 5.000 Chic. & Northwestern 5s B a n k S to ck s. 10.000 Chic., Mil. & St. Paul 4J^s Shs. 10.000 Illinois Central 3Ks 13 Abington Nl. Bk. 10.000 Illinois Central 4s 44 Boylston Nl. Bk., Boston 20.000 Louisville & Nashville 5s 42 First Nl. Bk., Boston 5.000 Mahoning Coal 5s 55 Fourth-Atlantic Nl. Bk., Boston. 10.000 Maine Central 4J^s 15 Merchants Nl. Bk., Boston 10.000 Minn., St. P. & Sit. St. M.4s 20 Nl. Rockland Bk., Boston 85.000 N. Y., N. H. & H. 4s 6 Nl. Security Bk., Boston 25.000 No. Maine Seaport 5s 197 Nl. Shawmut Bk., Boston 10.000 Old Colony 4s 90 Brockton Nl. Bk. 10.000 Port. & Ogdensburg 4J^s 55 Home Nl. Bk., Brockton 6.000 Sioux City & Pac. 3}^s 8 Plymouth Nl. Bank 5.000 Troy & Boston 7s 36 Bristol Co. Nl. Bk., Taunton D a t e s of E x a m in a t io n , May 15, 16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . REPORT OF THE 40 [Pub. Doc. BRIGHTON FIVE CENTS SAVINGS BANK, BOSTON. 326 W A S H I N G T O N Incorporated March 28, 1861. STREET (W a r d 2 5). Number of corporators, 61; number of trustees, 14. 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 , 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: G. F. B u n k e r , H. C. F a b y a n , T. B. M u n r o e , F. G. N e w h a l l , H. A. W i l s o n . Auditing Committee: F. G. N e w h a l l , C. E. H o l m a n , W. S. F u l l e r . Deposits draw interest from first Saturday of January, April, July and October; dividends are payable the Monday 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 ., and after first Saturday in July, during July and August, Fridays, for deposits only, 7 to 9 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 544 loans on real estate (average of each, $3,889.31) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . $1,853,834 74 10,052 18 --------------------23 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $10,500; assessed value, $10,500) . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Fixture account . . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T otal A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $148,140 00 427,345 25 49,500 00 20,000 00 36,418 75 6,718 00 1,843,782 56 332,550 00 10,000 00 401 30 700 00 40,634 51 8,003 36 s s e t s .............................................. $2,924,193 73 L ia b ilitie s . Due depositors on 8,495 accounts, averaging $321.24 each . . . . . (Accounts opened during year, 1,856; closed, 992; increase, 864) Surplus: — a. Guaranty fund (3.79% of deposits; increase during year, $9,000) . . . b. Profit and loss (increase during year, $4,862.34) . . . . . . Current income: — a. Interest . . . . . . . $46,752 23 b. Rent . . . . . . . 2 74 --------------------$46,754 97 Less current expenses not charged off . . . . 4,827 62 --------------------Unearned discount . . . . . . . . . ■. . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,728,898 21 103,500 00 48,357 82 41,927 35 1,510 35 T o t a l L i a b i l i t i e s .............................................. $ 2,924,193 73 No. 8.] BANK COMMISSIONER. 41 T o t a l E xpen ses fo r th e Y ea r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,905.80 $6,600.00 $600.00 $1,382.16 $2,953.07 $15,441.03 Cost per $1,000 of assets 1.33 2.26 .20 .47 1.01 5.27 Cost per $1,000 of assets not including State tax and rent . 3.74 Gross income received during the year, $127,177.57. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 4 % ). Real estate loans (average rate, 5.05 per cent.): 4}4%, $8,000; 4%%, $17,742.74 ; 5%, $1,625,644.82; 5J4%, $181,795; 6%, $10,600. Personal loans (average rate, 4.28 per cent.); 4%, $87,000 ; 4J^%, $105,000; 4%%, $49,900; 4)4%, $86,500; 5%, $1,900; 5}4%, $2,250. Bonds, stocks, etc. (average rate on amounts invested, 4.15 per cent.): 314%, $161,000; 4%, $414,000; 4J^%, $80,000; 4M%, $10,000; 5%, $25,000; 7%, $5,000; 8%, $4,000; 10%, $1,000; 12%, $200; 16%, $1,500. Number of loans not over $3,000 each, 299, amounting to $547,887. 61 real estate loans made during year, amounting to $244,950. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 12,775, amounting to $47,326 92 49,171 27 646,123 07 Number of withdrawals during year, 6,858, amounting to $742,621 26 507,660 72 Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $20,000 Massachusetts 3}4s 10.000 Massachusetts 4s 5.000 Akron, 0., 4}4s 10.000 Belfast, Me., 4s 20.000 Boston 4s 5.000 Bridgeport, Ct., 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., 4J^s 4.000 Winchester 4s R a ilr o a d B o n d s . $10,000 Atch., Top. & Santa Fé 4s 5.000 Baltimore & Ohio 4J^s 16,000 Boston & Albany 3k¿s 5.000 Boston & Albany 4s . OF . . S E C U R IT IE S . . . . $234,960 54 OW NED. Par Value. $10,000 Boston & Lowell 4s 7.000 Boston & Maine 4s 25.000 C., B. & Q. 33^s 10.000 C., B. & Q. 4s 5.000 Chic., Mil. & St. Paul 4s 20.000 Chic. & Northwest. 4s 15.000 Cleveland & Pitts. 3L£s 10.000 Concord & Montreal 4s 10.000 Dexter & Piscataquis 4s 10.000 Erie & Pitts. 3}^s 28.000 Fitchburg 4s 10.000 Illinois Central 3}^s 20.000 Illinois Central 4s 15.000 Lake Shore & Mich. So. 4s 20.000 Maine Central 4}^s 10.000 M. Cent. & E. & N. A. 4s 15.000 Minn., St. P. & S. St. M. 4s 5.000 N. Y. C. & H. R. 3V2a 15.000 N. Y. C. &H. R. 4s 20.000 N. Y„ N. H. & H. 3^s 10.000 N. Y., N. H. & H. 4s 10.000 Northern Pacific 4s 25.000 Old Colony 4s D a t e s o p E x a m in a t io n , February 14, 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Par Value. $25,000 Pennsylvania 4J^s 20.000 Penobscot Shore Line 4s 10.000 P., Gt. Falls & Con. 4J^s 10.000 Washington Co. 3}4s 5.000 Winona & St. Peters 7s 5.000 Wore., Nash. & R. 4s S tr e e t R a ilw a y B o n d s . $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 B a n k S tp ck s. 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. BROADW AY. Number of corporators, 59; number of trustees, 14. G e o r g e E. W i l b u r , President. C h e s t e r E. W a l k e r , Clerk of the Corporation. A l f r e d C. P l a c e , Treasurer. A l fr e d B . S p r o a t , Assistant Treasurer. Board of Trustees: S. G. B e e r s , C. H . B l a in e , C. W . D a v o l , R a n d a l l D e a n , 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 y , 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 o r t o n , 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 i l b u r . Auditing Committee: C . H . B l a i n e , F. L. M o r s e , W . T. S o 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 418 loans on real estate (average of each, $4,690.62) . . . . . . 71 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $80,000; assessed value, $34,200) Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . . $1,218,000 00 . 1,830,000 00 185.000 00 200.000 00 69,500 00 112,200 00 . 10,000 00 151,753 74 5,653 74 . T o t a l A s s e ts 1,960,680 00 1,641,000 00 $7,383,787 48 L ia b ilitie s . Due depositors on 13,367 accounts, averaging $506.55 each (Accounts opened during year, 1,572; closed, 1,250; increase, 322) Surplus: — a. Guaranty fund (4.97% of deposits; increase during year, $865) b. Profit and loss (increase during year, $661.25) Current income: — а. Interest . . . . . . . $30,642 71 б. Rent . . . . . . . 20 00 Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $6,771,071 72 336,865 00 246,368 92 $30,662 71 1,180 87 ---------------- 29,481 84 . $7,383,787 48 43 BANK COMMISSIONER. N o. 8.1 in c lu d in g S ta te T a xes. Advertising. Other Expenses. Total. Rent. $2,398.71 $35,794.93 $800.00 .32 4.84 .11 ....................................... 2.30 rent . State Tax (Net). Salaries. Amount paid for $17,976.22 $14,620.00 Cost per $1,000 of assets 2.43 1.98 Gross income received during the year, $327,477.54. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .5 2 % ). Real estate loans (average rate, 5.07 per cent.): 43^%, $48,800; 4%%, $186,800; 5%, $1,367,360; 53€%> $78,950; 5}4%, $158,675; 6%, $120,095. Personal loans (average rate, 4.43 per cent.): 4%, $40,000; 4J^%, $605,000; 4%%, $25,000; 4J^%, $746,700; 4%%, $207,500; 5%, $16,800. Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 3%, $50,000; 3K%, $640,000; 4%, $1,832,000; 4 $ 5 7 2 , 5 0 0 ; 5%, $260,000; 6%, $200,000; 8%, $18,200; 10%, $35,000; 12%, $ 10, 000 . Number of loans not over $3,000 each, 322, amounting to $361,785. 52 real estate loans made during year, amounting to $122,210. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 12,792, amounting to . . . Number of withdrawals during year, 10,580, amounting to Net increase in amount due depositors SCHEDULE Public Funds, Bonds. Par Value. $50,000 California 4s 50.000 Massachusetts 3j^s 50.000 Massachusetts 4s 150.000 Boston 4s 30.000 Brockton 4s 25.000 Chelsea 4s 50.000 Chicago, 111., 4s 50.000 Cranston, R. I., 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 3J^s 147.000 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 OF . . . . . S E C U R IT IE S . . . . . . $127,104 61 128,759 96 1,018,055 29 . . . . . . $1,273,919 86 1,050,980 10 $222,939 76 OW NED. P u b lic F u n d s , N o te s . Par Value. $50,000 Bristol Co. 4s 27,500 Bristol Co. 4J^s R a ilr o a d B o n d s . $25,000 Baltimore & Ohio 4}4s 20.000 Bangor & Aroostook 5s 75.000 Boston & Albany 3J^s 100.000 Boston & Albany 5s 50.000 Boston & Lowell 4}jjs 50.000 Boston & Maine 3}4s 50.000 Boston & Maine 4s 75.000 Boston & Maine 4p£s 50.000 Boston & Providence 4s 50.000 C., B. & Q. 3)^8 100.000 C., B. & Q. 4s 30.000 Chic., M. & St. Paul 5s 100.000 Concord & Montreal 4s 100.000 Fitchburg 33^s 50.000 Fitchburg 4s 50.000 Fitchburg 4}^s 50.000 Illinois Central 3J^s 75.000 Louisville & Nashville 6s 75.000 Maine Central 4J^s 50.000 Michigan Central 5s 50.000 N. Y., N. H. & H. 33^s 100.000 N. Y„ N. H. &H.4s D a t e s of E x a m in a t io n , March 6, 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Par Value. $100,000 Norfolk & Western 6s 150,000 Old Colony 4s 50.000 Port. & Ogdens. 43^s 25.000 Rome, W. & Ogdensburg 5s 50.000 St. P., Minn. & Man. 4J^s 50.000 Vermont Valley 43^s 30.000 Wore., Nash. & R. 4s S tr e e t R a ilw a y B o n d s . $35,000 Boston Elevated 43^s 15.000 Boston Elevated 5s 50.000 West End 4s 85.000 West End 4}^s B a n k S to c k s. Shs. 67 Fourth-Atlantic Nl. Bk., Boston 200 Merchants Nl. Bk., 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. 44 REPO RT OF THE [Pub. Doc. » BROADWAY SAVINGS BANK, LAWRENCE. 522 E S S E X Incorporated March 9, 1872. STREET. Number of corporators, 32; number of trustees, 18. W il l ia m F. R u t t e r , President. C l in t o n O. A n d r e w s , Treasurer. E dm u n d B . C h o a t e , Clerk of the Corporation. Board of Trustees: C. O. A n d r e w s , J. H. B r id e , J. W. C r o s s , W. D. C u r r ie r , W. H. G i l e , W. D. H a r t s h o r n e , W. E. H e a l d , A . S. L a n g , L. E. L o c k e , F. L. P o r t e r , W. E. R o w e l l , G. F, R u s s e l l , W. F. R u t t e r , G. L. S e l d e n , H. 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 ylde. Board of Investment: W. F. R u t t e r , 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. C u r r ie r , F. L. P o r t e r , W. D. T w is s . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of April and October. Business hours: 9 a .m . to 1 p .m .; Saturdays, 9 a .m . to 12 m .; 2 to 3 and 7 to 8 p .m . STATEM ENT OP C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. b o n d s ............................................................................ Stocks of banks and trust companies . . . . . . . . 733 loans on real estate (average of each, $4,286.84) . . . . . . 101 loans on personal s e c u r i t y .......................................................... ......... Bank building and fixtures (estimated value, $50,000; assessed value, $47,000) Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T ota l A . . . . . . . . . . $288,572 50 641,726 25 120,112 50 80,987 50 72,500 00 3,141,885 00 1,042,810 00 30,000 00 157,110 42 11,981 88 s s e t s ...............................................$ 5,587,686 05 L ia b ilitie s . Due depositors on 10,332 accounts, averaging $493.62 each . . . . . $5,100,088 43 (Accounts opened during year, 2,268; closed, 1,618; increase, 650) Surplus: —1 a. Guaranty fund (4-92% of deposits; increase during year, $20,000) . 251,000 00 h. Profit and loss (increase during year, $3,201.81) . . . . . 236,149 31 Current income: — Interest . . . . . . . . . . $1,550 60 Less current expenses not charged off 1,102 29 ----------------448 31 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $ 5,587,686 05 BANK COMMISSIONER. No. 45 T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T axes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $3,304.14 $25,222.42 Amount paid for $7,206.83 $11,784.88 $1,800.00 $1,126.57 .59 4.51 Cost per $1,000 of assets 1.29 2.11 .32 .20 Cost per $1,000 of assets not including State tax and rent . 2.90 / Gross income received during the year, $251,665.59. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 7 % ). Real estate loans (average rate, 4.95 per cent.): 4}^%, $388,500; 4%%, $35,000; 5%, $2,650,885; 5J^%, $25,800; 6%, $41,700. Personal loans (average rate, 4.46 per cent.): 3%, $25,000; 4%, $60,000; 4J^%, $25,000; 414%, $325,000; 4J^%, $377,000; 5%, $225,760; 6%, $5,050. Bonds, stocks, etc. (average rate on amounts invested, 4.55 per cent.): 3%, $50,000; 3J^%, $140,000; 4%, $613,700; 4 ^ % , $171,000; 5%, $130,000; 6%, $84,000; 8%, $57,500. Number of loans not over $3,000 each, 478, amounting to $785,750. 52 real estate loans made during year, amounting to $241,400. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $90,783 87 95,026 29 1,190,976 68 Ordinary dividends declared during year; April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 17,168, amounting to Number of withdrawals during year, 8,449, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $25,000 Massachusetts 3J^s 32.000 Boston 4s 75.000 Chicago, 111., 4s 20.000 Ft. Wayne, Ind., 3J^s 25.000 Grand Rapids, Mich., 4J^s 15,200 Lawrence 4s 10.000 Lynn 4s 50.000 Portland, Ore., 6s 25.000 Seattle, Wash., 4J-£s 10.000 E. Providence, R. I., 4s 2,500 Methuen 4s R a ilr o a d B o n d s. $20,000 Atch., Top. & Santa F6 4s 10.000 Baltimore & Ohio 4s 30.000 Baltimore & Ohio 5s 25.000 Boston & Maine 3s 20.000 Boston & Maine 4s 26.000 Boston & Maine 4L£s . . . O P S E C U R IT IE S . . . . $1,376,786 84 918,868 34 . . . . . $457,918 50 OW NED. Par Value. $50,000 Boston & Providence 4s 20.000 C., B. & Q. 4s 25.000 Cleveland Short Line 4J^s 50.000 Concord & Montreal 4s 25.000 Fitchburg 4s 25.000 Illinois Central 3s 50.000 Illinois Central 33^s 15.000 Joliet & No. Ind. 4s 50.000 Louisville & Nashville 5s 4.000 Louisville & Nashville 6s 10.000 Maine Central 4}4s 50.000 M., S. P. & Sault S. Marie 5s 10.000 Mobile & Ohio 6s 25.000 N. Y., N. H. & H. 3)^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. 3L£s 25.000 West Virginia & Pitts. 4s D a t e s op E x a m in a t io n , March 27-29 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . S tr e e t R a ilw a y B o n d s . Par Value. $18,000 Boston Elevated 4s 50.000 Boston Elevated 4L£s 35.000 Boston & Northern 4s 10.000 West End 4s 10.000 Wore. & Southbridge 4J^s B a n k S to c k s. Shs. 400 Nl. Shawmut Bk., Boston 25 Webster & Atlas NI. 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 N O R T H Incorporated March 3, 1881. M A IN STREET. Number of corporators, 61; number of trustees, 17. B b a d fo r d E. J o n e s , President. M e r t o n S. G u r n e y , Clerk of the Corporation. C h a b l e s C. C r o o k e r , Treasurer. W il l ia m G . A l l e n , Assistant Treasurer. 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 r o o k e r , W . H . E m e r s o n , M . S. G u r n e y , J o s e p 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 S w a n s o n , E . M . T h o m p so n , J. G . W il d e , H . E . W i l l i a m s . Board of Investment: B . E . J o n e s , E . M . T h o m p so n , F. H . P a c k a r d , W . H. E m e r s o n , 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. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1915. A s s e ts . 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 960 loans on real estate (average of each, $4,241.24) ■ Less amount due on uncompleted loans . . $531,600 1,283,881 327,874 100,000 126,385 50,000 00 25 25 00 00 00 4,071,594 881,287 79,000 397 2,000 109,246 16,004 45 50 00 59 00 46 65 $4,088,415 00 16,820 55 51 loans on personal security . . . . Bank building and fixtures (estimated value, $101,000; assessed value, $88,200) Taxes, insurance, etc., paid on mortgaged properties Insurance account . . . . . . Deposits in national banks or trust companies Cash and cash items . . . $7,579,271 15 T o t a l A s s e ts L ia b i l i t i e s . Due depositors on 19,389 accounts, averaging $369.32 each (Accounts opened during year, 3,369; closed, 2,538; increase, 831) Surplus: — a. Guaranty fund (4-93% of deposits; increase during year, $25,000) b. Profit and loss (increase during year, $7,096.96) Current income: — a. Interest . . . . . . . $2,266 89 b. Rent . . . . . . . 59 60 . $7,160,701 08 353,000 00 63,509 60 $2,326 49 998 47 Less current expenses not charged off 1,328 02 732 45 Balance due on foreclosure sale https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . $ 7,5 79 ,2 7 1 15 47 BAN K COMMISSIONER. N o. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Total. Advertising. Other Expenses. State Tax (Net). Salaries. Bent. $28,104.49 $978.38 $2,105.91 Amount paid for $11,119.43 $12,700.77 $1,200.00 3.72 .13 .28 Cost per $1,000 of assets 1.47 1.68 .16 2.09 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $323,143.54. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 1 % ). Real estate loans (average rate, 4.91 per cent.): 4J^%, $1,323,500; 5%, $2,345,919.45; 5H%, $193,225; 6%, $208,950. Personal loans (average rate, 4.36 per cent.): 4%, $140,000; 4J^%, $388,000; 4J^%, $305,000; 5%, $19,650; 5V2%, $10,950; 6%, $17,687.50. Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3J^%, $628,000; 4%, $1,116,600; 4Yi%, $419,000; 5%, $226,000; 6%, $37,500; 7%, $30,000; 8%, $7,500. Number of loans not over $3,000 each, 686, amounting to $1,188,969.45. 171 real estate loans made during year, amounting to $677,050. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $126,699 50 133,236 08 1,716,863 34 Ordinary dividends declared during year, April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 31,590, amounting to $1,976,798 92 1,359,224 58 Number of withdrawals during year, 20,995, amounting to $617,574 34 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. far Value. $70,000 Boston 4s 81.000 Brockton 3%s 44.000 Broekton 4s 50.000 Fail River 4s 30.000 Holyoke 4s 35.000 Indianapolis, Ind., 4s 60.000 Los Angeles, Cal., 4}is 50.000 New Bedford 4s 25.000 Portland, 0., 6s 10.000 Quincy 4)4s 17.000 Stamford, Conn., 3Ms 20.000 Ashland 4s 30.000 Braintree 4s 9,600 West Bridgewater 4s R a ilr o a d B o n d s . $25,000 Baltimore & Ohio 3J^s 25.000 Baltimore & Ohio 4%s 25.000 Boston & Albany 3 75.000 Boston & Albany 4s 5,000 Boston & Lowell 3 25.000 Boston & Lowell 5s OF S E C U R IT IE S OW NED. Par Value. $25,000 Boston & Maine 3J^s 20.000 Boston & Maine 4s 80.000 Boston & Maine 4J^s 100.000 C„ B. & Q. 3%s 30.000 Chic., Mil. & St. Paul 4s 35.000 Chicago & Northwestern 4s 10.000 Cleveland & Pitts. 4J^s 25.000 Concord & Montreal 4s 20.000 Conn. & Pass. Rivers 4s 75.000 Fitchburg 4s 50.000 Fitchburg 4)^s 75.000 Illinois Central 3j^s 5,000 Illinois Central 4s 50.000 Lake Shore & Mich. So. 4s 40.000 Maine Central 4Jl>8 25.000 Michigan Central 3J^s 25.000 Michigan Central 5s 25.000 N. Y. C. & H. R. 4s 75.000 N. Y., N. H. & H. 3V2s 40.000 N. Y„ N. H. & H. 4s 45.000 Old Colony 4s 25.000 Penobscot Shore Line 4s 25.000 Peoria & No. West. 3}4s 30.000 Port. & Ogdens. 4J^s D a t e s of E x a m in a t io n a n d A u d it , February 1-7 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $100,000 Portland Terminal Co. 4s 25.000 Princeton & N. W. 3 25.000 Vermont Valley 4J^s 25.000 Washington Co. 3)^s 3,000 Wore., Nash. & R. 4s S tr e e t R a ilw a y B o n d s . $25,000 Boston Elevated 4J^s 25.000 Boston Elevated 5s 11.000 Brockton 5s 10.000 Marlboro & Westboro 5s 10.000 Taunton & Brockton 5s 65.000 West End 4s 100,000 West End 5s 30.000 Worcester Consol. 4Ms 20.000 Worcester Consol. 5s 34.000 Wore. & Southbridge 4}^s B a n k S to c k s. Shs. 75 Nl. Shawmut Bk., Boston 300 Brockton Nl. Bank 125 Home Nl. Bk., Brockton 48 i REPORT OF THE [Pub. Doc. BROOKLINE SAVINGS BANK, BROOKLINE. 366 W A S H I N G T O N Incorporated February 24, 1871. STREET. Number of corporators, 40; number of trustees, 16. C h a r l e s H. S t e a r n s , President. E. M. F a r n s w o r t h , Treasurer. C . W 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 o s e p h 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 , W. E. M c G r e g o r , 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 , 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 , C . H . St e a r n s , J. A. W . E. M c G r e g o r . C ou sen s, J o sep h D r is c o l l , Auditing Committee: J. P. S t e a r n s , E. W. B a k e r , H. W. L a m b . Deposits draw interest from second Monday of January, April, July and October; dividends are pay able the third Wednesday of January and July. Business hours: 9 a . m . to 1 P.M.; also Mondays and Wednesdays, 3 to 5 p .m . ; Saturdays, except in August, 6 to 8 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1 916. A s s e ts . Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 390 loans on real estate (average of each, $7,263.86) . . . . . . 70 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $30,000; assessed value, $21,800) Real estate by foreclosure, etc. (assessed value, $76,100) . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T ota l A . . . . . . . . . . . . $486,711 1,587,349 373,378 134,646 25,000 2,832,905 1,671,175 27,886 64,177 333,469 6,590 50 10 00 26 00 00 00 43 44 41 40 s s e t s .............................................. $7,543,288 54 L ia b ilit ie s . Due depositors on 18,578 accounts, averaging $388.19 each . . . (Accounts opened during year, 2,019; closed, 1,698; increase, 421) Surplus; —■ a. Guaranty fund (3,39% of deposits; increase during year, $17,463) h. Profit and loss (decrease during year, $21,247.38) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . $7,211,777 54 244,271 00 44,614 08 . $49,630 09 7,004 17 42,625 92 T o t a l L i a b ilit ie s . $7,543,288 54 No. 8. BAN K COMMISSIONER. 49 T o t a l E x p e n s e s f o r t h e Y e a r , including State Taxes. State Tax (Net). Salaries. Rent. Amount paid for $18,940.24 $13,784.01 Cost per $1,000 of assets 2.51 1.83 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $263.38 $3,907.08 $36,894.71 .03 .52 4.89 , . 2.38 Gross income received during the year, $314,037.30. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .5 6 % ). Real estate loans (average rate, 4.92 per cent.): 4b£%, $485,275; 4b£%, $31,500; 5%, $2,287,980; 5J^%, $20,400; 6%, $7,750. Personal loans (average rate, 4.36 per cent.): 4%, $25,000; 4Ji% , $1,056,000; 4%%, $25,000; 4J^%, $470,000; 4M%. $39,000; 5%, $6,300; 5M%, $49,875. Bonds, stocks, etc. (average rate on amounts invested, 4.30 percent.): 3%, $25,000; 3.10%, $5,000; 3Y%%, $80,000; 3.40%, $5,000; 3b^%, $366,000; 4%, $1,108,000; 4b£%, $11,000; 4 ^ % , $325,000; 5%, $505,000; 6%, $181,400; 7%, $1,000. Number of loans not over $3,000 each, 128, amounting to $250,500. 51 real estate loans made during year, amounting to $588,950. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 21,704, amounting to $130,385 38 134,567 71 1,205,384 04 Number of withdrawals during year, 12,527, amounting to Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s. Par Value. $25,000 State of New York 4biis 89.000 Boston 4s 11.000 Boston 4Ks 23.000 Brockton 3bis 9.000 Brockton 4s 30.000 Cambridge 4s 20.000 Fall River 4s 2.000 Gloucester 4s 25.000 Portland, Ore., 4bis 32.000 Quincy 4s 5.000 Brookline 3.10% 5.000 Brookline 3.40% 2.000 Brookline 3bis 10.000 Concord 4s 32.000 Hyde Park 4s 19.000 Wareham 4s 50.000 Wellesley 4s P u b lic F u n d s , N o te s . $30,000 Gloucester 3b|s 10.000 Lowell 4s 50.000 Medford 3J^s . OF . . . S E C U R IT IE S . . $1,470,337 13 1,049,783 16 . . . . $420,553 97 OW NED. R a ilr o a d B o n d s. Par Value. 125,000 Baltimore & Ohio 4s 50.000 Baltimore & Ohio 5s 30.000 Boston & Albany 4s 25.000 Boston & Albany 4bis 25.000 Boston & Albany 5s 50.000 Boston & Lowell 5s 45.000 Boston & Maine 4s 55.000 Boston & Maine 4bis 31,400 Burl. & Mo. Riv. 6s 100.000 C„ B. & Q. 3bis 50.000 C„ B. & Q. 4s 25.000 Chic., Mil. & Puget S. 4s 50.000 Chic., Mil. & St. Paul 4s 25.000 Chic. & North. 5s 150.000 Chic. & North. 6s 55.000 Fitchburg 3bis 80.000 Fitchburg 4s 25.000 Fitchburg 4bis 25.000 Illinois Central 3s 101.000 Illinois Central 3bis 25.000 Lake Shore & Mich. So. 4s 25.000 Louisville & Nashville 5s D a t e s o f E x a m in a t io n , March 2-8 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Par Value. $50,000 Maine Central 4b(s 25.000 Minn., St. P. & S. St. M. 4s 25.000 N. Y. C. & H. R. 3b& 50.000 N. Y. C. & H. R. 4s 60.000 N. Y., N. H. & H. 3Hs 210.000 N. Y„ N. H. & H. 4s 100.000 No. Maine Seaport 5s 1,000 Troy & Boston 7s S tr e e t R a ilw a y B o n d s . $100,000 Boston Elevated 4b£s 50.000 Boston Elevated 5s 13.000 Glouces., Essex & Bev. 5s 25.000 Holyoke 5s 32.000 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. 4b£s REPORT OF THE 50 [Pub. Doc CAMBRIDGE SAVINGS BANK, CAMBRIDGE. 15 D U N S T E R Incorporated April 2, 1834. STREET. Number of corporators, 50; number of trustees, 21. E noch B eane , President. J ohn H . H ubbard , Clerk of the Corporation. A rthur H. B oardman , Treasurer. H enry A. N ichols , Assistant Treasurer. Board of Trustees: O. F. A llen , J ohn A m ee , J. H. B ea le , E noch B eane , A. H. B oardman , L. N. B rock , F. W . D allinger , J. C. D ow , S. W . D r iv e r , T homas H adley , L. M . H arrim an , J. H. H ubbard , H. E. M ason , W. B. M ’C oy , C. H. M ontague , H. A. N ichols , W. B. R eid , H unt ington Sav ille , P. F. S oule , H . N. Stearns , R obert W alcott . Board of Investment: E noch B ea n e , H. E. M ason , L. N. B rock , J. C. D ow , T homas H ad ley . Auditing Committee: E noch B eane , J. H. H ubbard , S. W . D riv e r , W . B. R eid , J ohn A mee . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . . . 1,439 loans on real estate (average of each, $4,400.47) . . . . . 84 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $95,000; assessed value, St95,000) Real estate by foreclosure, etc. (assessed value, $11,600) . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T ota l A . . . . . . . . . . . . . $473,900 00 947,326 25 436,880 50 48,700 00 72,268 75 39,700 00 6,332,274 00 1,677,095 00 50,000 00 8,720 50 154,080 86 15,517 31 s s e t s ...............................................$10,258,463 17 L ia b ilit ie s . Due depositors on 20,283 accounts, averaging $457.49 each (Accounts opened during year, 2,83%; closed, 1,585; increase, 1,247) Surplus: — a. Guaranty fund (4.93% of deposits; increase during year, $60,200) b. Profit and loss (increase during year, $8,271.19) Current income: — a. Interest . . . . . . . . . . b. Rent . . . . . . . . . . Discount https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilit ie s . $9,279,240 23 457,800 00 357,248 68 $98,678 44 4,935 14 ---------------- 103,613 58 58,560 68 . $10,256,463 17 BAN K COMMISSIONER. No. 8.] 51 T o t a l E xp en ses f o r t h e Y ea r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Amount paid for $11,729.43 $17,769.89 Cost per $1,000 of assets 1.14 1.73 Cost per $1,000 of assets not including State tax and Advertising. Other Expenses. Total. $376.80 $3,486.28 $33,362.40 .34 .04 3.25 2.11 Gross income received during the year, $459,277.45. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 5 % ). Real estate loans (average rate, 5.07 per cent.): 4%, $95,000; 4 x/ i%, $150,000; 4J^%, $300; 4% %, $18,000; 5%, $4,706,489; 5J^%, $1,340,875; 6%, $21,610. Personal loans (average rate, 4.36 per cent.): 4%, $100,000; 4J^%, $25,000; 4}4%, $802,000; 4%%, $180,000; 4y2%, $481,100; 4M%, $50,000; 5%, $15,005; 5)^%, $1,825; 6%, $22,165. Bonds, stocks, etc. (average rate on amounts invested, 4.53 per cent.): 2.74%, $30,000; 2.79%, $30,000; 2.83%, $30,000; 3H%, $283,000; 4%, $907,900; 4)4%, $10,000; 4)4%, $177,000; 5%, $594,000; 6%, $13,000; 7%, $6,000; 8%, $15,500; 10%, $3,200; 12%, $15,000. Number of loans not over $3,000 each, 727, amounting to $1,247,267. 282 real estate loans made during year, amounting to $1,557,175. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2)4% July, 1916, 2% Number of deposits during year, 23,623, amounting to $176,071 29 170,888 70 1,987,569 77 Number of withdrawals during year, 15,998, amounting to Net increase in amount due depositors . . . . . . . . . . . . . $2,334,529 76 1,224,603 61 $1,109,926 15 SCHEDULE OP SECURITIES OWNED. P u b lic F u n d s, B o n d s . Par Value. $40,000 Massachusetts 4s 5.000 Barnstable Co. 4s 50.000 Boston 4s 25.000 Bristol, Conn., 4)4s 41.000 Dayton, O., 5s 11.000 Fitchburg 4s 50.000 Holyoke 4s 5.000 Los Angeles, Cal., 4)4s 2.000 New Bedford 3)4s 25.000 New Bedford 4s 22.000 San Francisco, Cal., 5s 30.000 Seattle, Wash., 5s 10.000 Revere 4)4s 24.000 Attleborough 4s 1.000 Wakefield 3J4s P u b lic F u n d s , N o te s . $30,000 Reading 2.74% 30.000 Reading 2.79% 30.000 Reading 2.83% 3.000 Reading 4)4s 37,900 Wakefield 4s 2.000 Wakefield 4)4s D ates op R a ilr o a d B o n d s . Par Value. $15,000 Baltimore & Ohio 4s 20.000 Baltimore & Ohio 4)4s 9.000 Baltimore & Ohio 5s 62.000 Boston & Albany 5s 5.000 Boston & Maine 3)4s 137,000 Boston & Maine 4s 15.000 Boston & Maine 4)4s 6.000 Boston & Providence 4s 21.000 Boston, R. B. & L. 4)4s 3.000 Burl. & Missouri Riv. 6s 47.000 C„ B. & Q. 3V2s 19.000 C., B. & Q. 4s 55.000 Chicago, Mil. & St. Paul 4s 15.000 Chic., Mil. & St. Paul 4)4s 35.000 Chic., Mil. & St. Paul 5s 30.000 Chicago & Northwestern 4s 25.000 Conn. & Pass. Rivers 4s 3.000 Conn. River 3J4s 7.000 Fitchburg 5s 62.000 Illinois Central 4s 10.000 Louisville & Nashville 5s 10.000 Louisville & Nashville 6s 20.000 Maine Central 4)4s 38.000 Mil., L. S. & West. 5s 15.000 Minn., St. P. & S. St. M. 4s 39.000 N. Y. C. & H. R. 4s E xam ination , February 18-24 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $125,000 N. Y., N. H. & H. 3^s 50.000 N. Y., N. H. & H. 4s 25.000 No. Maine Seaport 5s 10.000 Old Colony 4s 20.000 Pennsylvania 4b£s 4.000 Ports., Gt. Falls & C’y 4J^s 15.000 St. J. & L. C. 5s 50.000 Washington Co. 3Ms S tr e e t R a ilw a y B o n d s . $40,000 Boston Elevated 4s 100.000 Boston Elevated 5s 25.000 Boston & Northern 4s 5,000 Braintree & Weymouth 5s 15.000 Holyoke 5s 50.000 Lynn & Boston 5s 57.000 Springfield 4s 130.000 West End 5s 27.000 Worcester Cons. 4)^s B a n k S to c k s. Shs. 32 Nl. Rockland Bk., Boston 150 Nl. Shawmut Bank, Boston 5 Nl. Union Bk., Boston 150 Charles Riv. Tr. Co., Cambridge 60 First Nl. Bk., New Bedford REPO RT OF THE 52 [Pub. Doc, CAMBRIDGEPORT SAVINGS BANK, CAMBRIDGE. 689 M A S S A C H U S E T T S Incorporated February 22, 1853. AVENUE. Number of corporators, 51; number of trustees, 17. F rederick W. T ilton , President. J osiah F. L an e , Clerk of the Corporation. J ohn R. G iles , Treasurer. Board of Trustees: A. M. B arnes , H erman B ird , E. J. B randon , W. E. B urrage , J. H. C orcoran , W. W. D allinger , J. A. D ow , W. H. D unning , H. H. D y e r , W ellington F illm ore , C harles J ames , W. F. R oap , G. A. Sa w ye r , W. F. Stearns , J. L. Stone , F. W. T ilton , H. H. W inslow . Board of Investment: F. W. T ilton , W. W. D allin ger , J. H . C orcoran , C harles James , W ellington F illmore . Auditing Committee: C harles James , J. A. Dow, W. F. R oaf . Deposits draw interest from- third Wednesday of January, April, July and October; dividends are payable the third Wednesday 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 785 loans on real estate (average of each, $5,794.90) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . $4,571,087 22 . . . 22,089 00 --------------------11 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $200,000; assessed value, $248,300) . . Real estate by foreclosure, etc. (assessed value, $3,000) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . $635,335 00 1,048,101 08 401,240 75 208,800 00 118,846 25 15,000 00 4,548,998 22 175,350 00 253,500 00 3,093 84 4,469 47 45,343 09 3,712 80 s s e t s .............................................. $ 7,461,790 50 L ia b ilit ie s . Due depositors on 21,608 accounts, averaging $320.32 each . . . . . {Accounts opened during year, 2,765; closed, 1,996; increase, 769) Surplus: — a. Guaranty fund (4.93% of deposits; increase during year, $19,100) . . . b. Profit and loss {increase during year, $9,lt6Jt.Jtlf) . . . . . . Current income: — Interest . . . . . . . . . . $96,518 61 Less current expenses not charged off . . . . 6,418 54 --------------------- $6,921,504 42 . $7,4 61 ,7 9 0 50 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L i a b ilit ie s . 341,600 00 108,586 01 90,100 07 BANK COMMISSIONER. No. 8.] 53 I T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Advertising. Other Expenses. State Tax (Net). Salaries. Rent. Total. Amount paid for $8,060.70 $12,721.12 $4,000.05 $694.47 $2,225.79 $27,702.13 .53 .09 .30 3.70 Cost per $1,000 of assets 1.08 1.70 Cost per $1,000 of assets not including State tax and rent . 2.09 Gross income received during the year, $323,278.53. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 5 % ). Real estate loans (average rate, 4.97 per cent.): 4%, $46,375; 4J^%, $249,000; 4%%, $46,500; 4%%, $98,000; 5%, $4,026,223.22; 5^ % , $79,500; 6%, $3,400. Personal loans (average rate, 4.49 per cent.): 4M%> $25,000; 4J^%, $60,000; 4%%, $65,000; 5%, $25,350. Bonds, stocks, etc. (average rate on amounts invested, 4.07 per cent.): 3%, $4,000; 3A % , $763,000; 4%, $1,312,000; 4M%. $25,000; 4H%. $169,000; 5%, $144,000; 6%, $20,000; 7%, $25,000; 8%, $ 10, 000. Number of loans not over $3,000 each, 456, amounting to $799,680.96. 100 real estate loans made during year, amounting to $535,392.96. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 32,678, amounting to . . . . . . ....................................... . . . . Number of withdrawals during year, 20,755, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $30,000 Massachusetts 3As 40.000 Boston 3As 180.000 Boston 4s 55.000 Cambridge 3J^s 20.000 Fall River 3A b 21.000 Fitchburg 4s 25.000 Flint, Mich., 4J4b 25.000 Hartford, Ct., 3A b 3.000 Haverhill 4s 30.000 Malden 4s 40.000 Melrose 3A b 4.000 Newton 4s 4.000 Providence, R. I., 3s 4.000 Saginaw, Mich., 4s 1.000 Salem 4s 5.000 Sioux City, Iowa, 4A b 20.000 Somerville 4s 70.000 Springfield 3}4b 25.000 Woonsocket, R. I., 4s 8.000 Hull 4s 20.000 Maynard 4s R a ilr o a d B o n d s. $25,000 Atch., Top. & St. Fé 4s 75.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4As D ates op OF . . . S E C U R IT IE S . . . . . . $1,602,929 55 1,164,387 90 . $438,541 65 OW NED. Par Value. $21,000 Baltimore & Ohio 5s 17.000 Bangor & Aroostook 5s 3.000 Boston & Albany 3A b 60.000 Boston & Albany 4s 3.000 Boston & Lowell 3A b 30.000 Boston & Lowell 4s 20.000 Boston & Lowell 4A b 25.000 Boston & Maine 3As 25.000 Boston & Maine 4s 80.000 C., B. & Q. 3As 10.000 C., B. & Q. 4s 25.000 Chic., Mil. & Puget S. 4s 25.000 Chic., Mil. & St. Paul 4s 25.000 Chic., Mil. & St. Paul 4As 15.000 Ch., Rock Is. & Pae. 4s 20.000 Connecticut River 6s, notes 7.000 Fitchburg 3As 9.000 Fitchburg 4s 5.000 Fitchburg 4As 125.000 Illinois Central 3A b 150.000 Illinois Central 4s 25.000 Lake Shore & Mich. So. 4s 40.000 Mani., Gr. Bay & N. 3Aa 15.000 Minn., St. P. & S. St. M. 4s 61.000 N. Y. C. &H. R. 4s 10.000 N. Y. C. & H. R.4Aa 30.000 N. Y., N. H. &H.4s 25.000 N. Y. & Putnam 4s E xamination , April 6, 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $124,183 66 128,425 39 1,350,320 50 Par Value. $10,000 Portland & Ogdensburg 4A b 20.000 Southern Pacific 4s 6.000 St. Paul, Minn. & Man. 4s 25.000 Troy & Boston 7s I S tr e e t R a ilw a y B o n d s . $30,000 Boston Elevated 4s 45.000 Boston Elevated 4A b 15.000 Boston Elevated 5s 50.000 Boston & Northern 4s 1.000 East Middlesex 5s 11.000 Marl. & Westborough 5s 50.000 Old Colony 4s 25.000 Springfield 4s 1.000 Taunton & Brockton 5s 80.000 West End 4s 10.000 West End 4J^s 62.000 West End 5s 9.000 Worcester Consol. 5s 3.000 Worcester & Holden 5s 4.000 Worcester & Marl. 5s 14.000 Wore. & Southbridge 4J^s B a n k S to ck s. Shs. 100 Harvard Tr. Co., Cambridge REPO RT OF THE 54 [Pub. Doc. CANTON INSTITUTION FOR SAVINGS, CANTON. 5 7 6 -5 8 0 W A S H I N G T O N Incorporated March 4, 1835. STREET. Number of corporators, 33; number of trustees, 14. F eancis D . D unbab , President. H ebbeet L. F enno , Clerk of the Corporation. W alteb A mes , Treasurer. Board of Trustees: W alteb A mes , H. F. B usw ell , G. H. C apen , T. B. D eapeb , F. D. D unbab , H. L. F enno , A. E. F bench , C. H. F eench , I. C. H obton , J. P. L ynch , E. H. R. R e v ebe , J. B. R obinson , F. W . Sumneb , G ilbebt T olman . Board of Investment: F. D . D u nbab , E . H. R . R evebe , H. F. B uswell , H. L. F enno , G ilbebt T olman . Auditing Committee: F. D . D u nbab , F. W . S umneb , I. C. H obton . 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 Monday evenings, 7 to 8.30, for deposits only. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 189 loans on real estate (average of each, $2,769.44) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $530,825 00 7,400 00 9 loans on personal security . . . . . Real estate by foreclosure, etc. (assessed value, $30,500) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies Cash and cash items . . . . . $51,987 276,562 43,825 18,817 6,300 50 50 00 50 00 523,425 86,500 29,745 466 38,654 886 00 00 99 31 06 35 . $1,0 77 ,1 7 0 21 Due depositors on 3,139 accounts, averaging $313.58 each . . . . . (Accounts opened during year, 369; closed, 297; increase, 72) Surplus: — a. Guaranty fund {4.97% of deposits; increase during year, $2,494) . . . b. Profit and loss {increase during year, $2,941.10) . . . . . . Current income : — Interest . . . . . . . . . . $4,464 23 Less current expenses not charged off . . . . 268 56 --------------------- $984,324 92 . $1,0 77 ,1 7 0 21 T o t a l A s s e ts L ia b ilit ie s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 48,946 00 39,703 62 4,195 67 55 BANK COMMISSIONER. No. 8.] T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T axes. Total. Rent. Advertising. Other Expenses. State Tax (Net). Salaries. $984.97 $6,078.86 $137.30 $550.00 Amount paid for $2,286.59 $2,120.00 .12 .91 5.62 .51 Cost per $1,000 of assets 2.12 1.96 2.99 Cost per $1,000 of assets not including State tax and rent . •i Gross income received during the year, $47,361.06. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 6 % ). Real estate loans (average rate, 5.14 per cent.): 4J^%, $30,000; 5%, $365,425; 5M%> $3,500; 5J^%, $68,700; 6%, $55,800. Personal loans (average rate, 4.47 per cent.): 4M%> $10,000; 4J^%, $76,500. Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3}4%, $26,000; 4%, $289,000; 4J^%, $45,000; 5%, $40,000; 6%, $2,500; 8%, $800; 16%, $3,000. Number of loans not over $3,000 each, 134, amounting to $195,300. 35 real estate loans made during year, amounting to $128,950. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 3,260, amounting to $18,164 53 18,490 76 167,101 67 Number of withdrawals during year, 1,949, amounting to $203,756 96 156,817 36 $46,939 60 Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $10,000 Massachusetts 4s 10.000 Los Angeles, Cal., 4b£s 5.000 Milwaukee, Wis., 4)^s 5.000 Omaha, Neb.,4J^s 22.000 Canton 4s R a ilr o a d B o n d s . $5,000 Baltimore & Ohio 4s 20.000 Baltimore & Ohio 5s 5.000 Boston & Albany 4s 20.000 Boston & Lowell 4s 30.000 Boston & Maine 4s D ate of E xam ination , May 17. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF S E C U R IT IE S OW NED. Par Value. $20,000 Boston & Providence 4s 10.000 C., B. & Q. 3V2a 5.000 C., B. & Q. 4s 10.000 Concord & Montreal 4s 10.000 Delaware & Hudson 4s 21.000 Fitchburg 4s 5.000 Fitchburg 4b£s 16.000 Illinois Central 3Ks 20.000 Me. Cent. & E. & N. A. 4s 15.000 Minn., St. P. & Sit. St. M. 4s 15.000 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 S tr e e t R a ilw a y B o n d s . Par Value. $15,000 Boston Elevated 4J^s 15.000 Boston & Northern 4s 15.000 West End 4J^s 10.000 Worcester Consolidated 5s B a n k S to c k s. Shs. 30 First Nl. Bk., Boston 8 Webster & Atlas Nl. Bk., Boston 25 Dedham Nl. Bk. 56 REPO RT OF THE [Pub. Doc. CAPE ANN SAVINGS BANK, GLOUCESTER. 109 M A I N Incorporated April 15, 1846. STREET. Number of corporators, 51; number of trustees, 11. L incoln S. Simonds, President. D an iel T. B abson , Treasurer. C onrad R . H anson , Clerk of the Corporation. Board of Trustees: D. T. B abson , E. W . B abson , F. A. B ar ke r , S. P. F. C ook , E. S. G riffin , F. C. P earce , G. H. P erkin s , J. J. P e w , E. L. P hillips , L. S. Simonds, F. S. T hompson . Board of Investment: F. A. B a r ke r , J. J. P e w , S. P. F. C ook , E. L. P hillips , D. T. B abson . Auditing Committee: E. S. G riffin , F. S. T hompson , E. L. P hillips . Deposits draw interest from third business day of January, April, July and October; dividends are payable May 1 and November 1. Business hours: 9 a .m . to 3 p .m . ; also Saturdays, 6.30 to 8.30 p .m . for deposits only. During August, close 1 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 720 loans on real estate (average of each, $2,433.28) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,753,520 30 . 1,598 30 --------------------120 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $60,000; assessed value, $50,000) . . Real estate by foreclosure, etc. (assessed value, $50,700) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T o t a l A s s e ts . $258,579 435,631 118,000 22,431 47,043 75 25 00 65 66 1,751,922 758,753 25,000 32,537 895 25,719 6,771 00 79 00 87 66 48 67 $3,483,286 73 L i a b ilit ie s . Due depositors on 9,580 accounts, averaging $328.25 each (Accounts opened during year, 1,081; closed, 936; increase, 145) Surplus: — a. Guaranty fund (4.94% of deposits; increase during year, $5,000) b. Profit and loss (increase during year, $14,520.89) . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Unearned discount . Suspense account . Due on foreclosure sales . . . . . . . . . . . . . . . . . . . . . . $3,144,606 20 155,000 00 159,762 48 $18,809 58 1,280 05 17,529 2,658 309 3,420 . . . 53 85 26 46 T o t a l L i a b i l i t i e s ...............................................$ 3,483,286 78 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Amount paid for $4,858.39 $9,269.11 Cost per $1,000 of assets 1.39 2.66 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $441.73 $2,537.38 $17,106.61 .13 .73 4.91 3.52 Gross income received during the year, $166,696.62. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis \ No. 8. BAN K COMMISSIONER. 57 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .9 4 % ). Real estate loans (average rate, 5.23 per cent.): 4%, $38,500; 4j^%, $12,000; 4%%, $40,000; 5%, $1,038,214.54; 5}4%, $52,330.40; 6%, $546,847.06. Personal loans (average rate, 4.39 per cent.); 3%%, $10,000; 4%, $42,930.18; 4M%, $175,234.17; 4/^8%, $25,000; 4)^%, $318,468.75; 5%, $141,948.28; 5M%, $4,000; 5)^%, $13,122.16; 6%, $5,884. Bonds, stocks, etc. (average rate on amounts invested, 4.84 per cent.): 3%, $10,000; 3)4%, $15,000; 3)4%. $48,000; 3.80%, $10,000; 3%%, $5,000; 4%, $250,143.25; 4)4%, $15,000; 4)4%, $117,000; 5%, $213,450; 5)4%, $20,000; 6%, $146,800; 7%, $4,000; 8%, $15,800; 10%, $10,000; 12%, $5,000. Number of loans not over $3,000 each, 697, amounting to $707,408. 38 real estate loans made during year, amounting to $185,350. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1918, 2% Extra dividend declared during year, Oct., 1916, }4% Number of deposits during year, 10,907, amounting to $56,922 57,987 14,496 508,232 Number of withdrawals during year, 8,466, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s, B o n d s. Par Value. $1,000 Massachusetts 3)4s 4.000 Essex County 4)4s 10.000 Akron, 0., 5)4s 10.000 Boston 4s 3.000 Brockton 4)4s 10.000 Canton, 0., 5J4s 3.000 Chicopee 4s 10.000 Cleveland, 0., 5s 10.000 Dayton, 0., 5s 15.000 Decatur, 111., 5s 5.000 Dubuque, Iowa, 4s 4.000 E. Providence, R. I., 4s 8.000 Haverhill 4s 4.000 Medford 4s 10.000 Milwaukee, Wis., 5s 5.000 Minneapolis, Minn., 4s 3,243 New Bedford 4s 10.000 New Bedford 5s 10.000 Omaha, Neb., 4)4s 7.000 Portland, Ore., 5s 6.000 Portland, Ore., 6s 13.000 Quincy 4s 3.000 Racine, Wis., 4)4s 6.000 Springfield, 0., 5s 1.000 Taunton 4s 10.000 Youngstown, 0., 4)4s 3.000 Belmont 4s 3,900 Brookline 4s 3.000 E. Longmeadow 4)4s 6.000 Franklin 4s 5.000 Palmer 4Ms 5.000 Peabody 4s D ates op . OF . . S E C U R IT IE S . . . . . . . $637,639 71 455,972 71 . $181,667 00 OW NED. P u b lic F u n d s , N o te s . Par Value. $15,000 Amesbury 3J4s 2,450 Carver 5s 1,000 Charlemont 4s 10.000 Framingham 3s 8.000 Shelburne 4)4s 5.000 Shrewsbury 10.000 Watertown 3.80% R a ilr o a d B o n d s . $10,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4)4s 20.000 Baltimore & Ohio 5s 50.000 Boston & Albany 4s 5.000 Central R.R. of N. J. 5s 10.000 C., B. & Q. 3^s 12.000 Chi., Mil. & St. Paul 5s 17.000 Chi., Mil. & St. Paul 6s 10.000 Chi., St. P., Minn. & Oma. 6s 10.000 Fre., Elk. & Mo. Val. 6s 10.000 Holyoke & Westfield 4)4s 2.000 Huntington & Big Sandy Gs 12.000 Illinois Central 3)4s 10.000 Illinois Central 4s 10.000 Lake Shore & Mich. So. 4s 10.000 Louisville & Nashville 5s 13.000 Louisville & Nashville 6s 20.000 Maine Central 4)4s 3.000 Mich. C., Det. & Bay C. 5s 10.000 Mil., L. Shore & West. 6s 10.000 Mobile & Ohio 6s 10.000 Montana Central 6s 20.000 N. Y. C. & H. R. 4s 25.000 N. Y., N. H. & H. 3Ms E xam ination , July 31-Aug. 4 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . 24 85 96 66 Par Value. $10,000 Norfolk & Western 6s 10.000 Northern Maine Seaport 5s 5.000 Pennsylvania 4)4s 10.000 Pensacola & Atlantic 6s 5.000 Philadelphia & Erie 6s 1.000 Ports., Gt. Falls & Con. 4)^s 8.000 Rome, Wat. & Ogdens. 5s 4.000 Winona & St. Peter 7s 10.000 San Fran. & San Joaq. V. 5s 10.000 Southern Pacific 4s 5.000 Spokane Falls & North. 6s 10.000 St. Johns. & Lake Cham. 5s 11.000 St. Paul & North. Pacific 6s 10.000 St. Paul & Sioux City 6s S tr e e t R a ilw a y B o n d s . $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 Worcester Cons. 4)4s B a n k S to c k s. Shs. 100 Merchants Nl. Bk., Boston 50 Second Nl. Bk., Boston 142 Nl. Shawmut 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. Number of corporators, 39; number of trustees, 15. O liver E . E ldredge , President. J oseph K . R obbins , Clerk of the Corporation. A lphonso L. W eekes , Treasurer. R alph H. Snow , Assistant Treasurer. Board of Trustees: J oshua C rowell , E. K . C row ell , O. E . E ldredge , M. W . H oward , J ohn K en rick , C. S. K ent , W . M. K now les , G. H. N ickerson , 2d, J. A . N ickerson , J. K . R obbins , E mulous Sm all , A. C. Sn ow , R . H. Snow , A. L. W e e ke s , D. L. Y oung . Board of Investment: A. C. Sn ow , O. E . E ldredge , J ohn K en rick , J oshua C row e ll , E . K . C r o w e ll , W. M. K nowles . Auditing Committee: A. C. Snow , J. A. N ickerson , J. K . R obbins . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable second Wednesday of April and October. Business hours: 9 a .m . to 1 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . . 409 loans on real estate (average of each, $1,509.71) . . . . . . . 73 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $4,000; assessed value, $12,100) . , Real estate by foreclosure, etc. (assessed value, $25^,200) . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ....................................................................................................................................... T o t a l A s s e ts . . . . . $10,000 475,095 44,906 22,700 11,200 100 617,470 451,367 16,500 22,271 12“,000 4,355 00 00 25 00 00 00 98 00 00 43 00 64 $1,687,966 30 L ia b ilitie s . Due depositors on 4,280 accounts, averaging $357.61 each . . {Accounts opened during year, 419; closed, 392; increase, 27) Surplus: — a. Guaranty fund {4-94% of deposits; increase during year, $1,100) b. Profit and loss {increase during year, $6,399.94) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . . . . . 75,700 00 76,725 60 . $4,025 26 295 36 3,729 90 1,233 02 Unearned discount https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,530,577 78 T o t a l L ia b ilitie s . . $ 1,687,966 30 BAN K COMMISSIONER. No. 8.] 59 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Amount paid for $4,299.94 $5,010.00 Cost per $1,000 of assets 2.55 2.97 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $45.25 $1,366.41 $10,721.60 .03 .81 6.36 . . . . . 3.81 Gross income received during the year, $76,814.49. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .6 6 % ). Real estate loans (average rate, 5.38 per cent.): 43^%, $38,500; 4M%, $5,000; 5%, $293,849.80; 5}£%, $16,000; 5M%, $50,000; 6%, $203,630.68; 7%, $10,490.50. Personal loans (average rate, 4.38 per cent.): 43#%, $20,000; 43i%, $300,000; 4%%, $40,000; 43#%, $40,000; 4M%. $25,000; 5%, $14,000; 6%, $12,367. Bonds, stocks, etc. (average rate on amounts invested, 4.11 per cent.): 33#%, $60,000; 4%, $456,000; 43#%, $35,000; 5%, $10,000; 6%, $5,000 ; 7%, $5,000; 10%, $1,200. Number of loans not over $3,000 each, 303, amounting to $234,938.68. 65 real estate loans made during year, amounting to $138,140. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared dining year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 2,755, amounting to $28,707 02 28,697 31 229,698 90 Number of withdrawals during year, 2,692, amounting to $287,103 23 263,762 87 $23,340 36 Net increase in amount due depositors SCHEDULE P u b lic F u n d s , N o te s . Par Value. $10,000 Chatham 4s R a ilr o a d B o n d s . $10,000 Baltimore & Ohio;5s 65.000 Boston & Albany 4s 100,000 Boston & Maine 4s 70.000 Chic. & Northw. 4s OF OW NED. Par Value. $10,000 C., B. & Q. 4s 20.000 Conn. & Pass. Rivers 4s 10.000 Illinois Central 33#s 25.000 Minn., St. P. & Sit. St. M. 4s 50.000 N. Y„ N. H. & H. 33#s 55,Q00 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 43#s D ates or E xam in ation ,^October 16, 17. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S E C U R IT IE S S tr e e t R a ilw a y B o n d s . Par Value. $25,000 Boston Elevated 4s 20,000 Worcester Consolidated 43#s B a n k S to c k s. Shs. 50 Fourth-Atlantic Nl. Bk., Boston 12 Merchants Nl. Bk., Boston 38 Cape Cod Nl. Bk., Harwich 12 First Nl. Bk., Yarmouthport 60 [Pub. Doc. REPO RT OF THE CENTRAL SAVINGS BANK, LOWELL. 53 Incorporated March 3, 1871. CENTRAL STREET. Number of corporators, 52; number of trustees, 23. H abold D. M acdonald , Clerk of the Corporation. Board of Trustees: F rederick A y er , H. W . B arnes , H. E. F letcher , W . E. H a ll , H. H. H a r r is , G. L. H untoon , H. A. K ing , J. E. L am oureux , C. S. L ille y , P. S. M arden , G. F. M a r t in , A. J. M urkland , A. G. P ollard , H. G. P ollard , A masa P ratt , M . H. P ratt , J. L. R obert son , W . T. Sheppard , F. K . Stearns , P. F. Su llivan , L. T. T ru ll , E. H. W a lk e r , F. N. W ie r . Board of Investment: A. G. P ollard , A masa P ratt , W . E. H all , J. L. R obertson , H. W . B ar n es . Auditing Committee: H. W. B arnes , F. K. Stearns , H. G. P ollard . Deposits draw interest from first Saturday of February, May, August and November; dividends are payable first Saturday of May and November. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 7 to 9 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,448 loans on real estate (average of each, $2,649.31) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . $3,849,283 00 . . . 13,085 00 • -------------------68 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $40,000; assessed vcdue, $34,000) . . Real estate by foreclosure, etc. (assessed value, $60,200) . . . . . . Deposits in national banks or trust companies . . . * . . . Cash . . . . . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . . . $981,164 00 743,966 00 127,580 00 116,875 00 12,300 00 3,836,198 00 828,205 00 35,000 00 50,675 00 125,721 06 10,025 52 . . $6,867,709 58 Due depositors on 17,478'accounts, averaging $362.26 each . . . . (,Accounts opened during year, 3,219; closed, 1,932; increase, 1,287) Surplus: — а. Guaranty fund (4-00% of deposits; increase during year, $4,327) . б. Profit and loss (increase during year, $9,685.28) . . . . . Current income: — Interest . . . . . . . . . . . . Reserved for dividend . . . . . . . . . . . Unearned discount . . . . . . . . . . . . $6,331,582 85 L ia b ilitie s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . 310,000 00 104,671 87 . . . 370 61 120,846 85 237 40 T o t a l L i a b i l i t i e s ...............................................$6,867,709 58 61 BAN K COMMISSIONER, No. 8.] T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $7,594.09 $14,830.50 $2,000.00 $305.25 $4,063.31 $28,793.15 Cost per $1,000 of assets 1.10 2.16 . 29 . 04 . 59 4.18 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.79 Gross income received during the year, $296,272.96. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .6 4 % ). Real estate loans (average rate, 5.04 per cent.): 434%, $109,215; 5%, $3,468,923; 534%, $82,325; 6%, $177,735. Personal loans (average rate, 4.16 per cent.): 3%, $50,000; 4%, $350,000; 434%, $235,000; 434%, $128,695; 4M%, $6,000; 5%, $57,510; 6%, $1,000. Bonds, stocks, etc. (average rate on amounts invested, 4.05 per cent.): 3%, $20,000; 334%, $358,200; 3%%, $10,000; 4%, $1,342,034; 434%, $52,280; 434%, $153,650; 5%, $66,000; 8%, $7,300. Number of loans not over $3,000 each, 1,143, amounting to $1,820,531. 150 real estate loans made during year, amounting to $505,400. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $114,465 25 117,065 71 1,017,935 87 Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Number of deposits during year, 17,198, amounting to $1,249,466 83 839,143 42 Number of withdrawals during year, 10,653, amounting to $410,323 41 Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s. Par Value. $65,000 Massachusetts 334s 25.000 Augusta, Me., 4s 52.000 Boston 334s 49.000 Boston 4s 10.000 Boston 434s 1.000 Brockton 4s 10.000 Cambridge 4s 21.500 Fall River 4s 10.000 Holyoke 4s 189,770 Lowell 4s 4,530 Lowell 434s 9.000 Lynn 334s 5,600 Lynn 4s 3.000 Malden 4s 15.000 New Bedford 334s 24.0 0 New Bedford 4s 20.000 Pittsfield 334s 3.000 Providence, R. I., 4s 2,500 Salem 4s 3.000 Taunton 334s 22.000 Billerica 334s 91.500 Billerica 4s 35.000 Billerica 434s 2.000 Boothbay Harbor, Me., 4s 5.000 Brookline 334s 7.000 Clinton 334s 2.000 Dalton 4s 1.000 Dedham 334s 3.000 East Bridgewater 4s 1.000 Falmouth 4s 6.000 Framingham 334s 3.000 Ipswich 4s . 17.000 Methuen 4s D ates of E xam ination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF S E C U R IT IE S OW NED. Par Value. $10,000 Milton 334s 2.000 Needham 4s 5,300 North Attleborough 4s 5.000 Revere 334s 4.000 Stoughton 434s 3.000 Watertown 4s 12.000 Winchester 334s 56.000 North Chelmsford (F. D.) 4s P u b lic F u n d s , N o te s . $3,864 Everett 4s 3.000 Billerica 4s 1.000 Billerica 5s 65.000 Chelmsford 4s 8,750 Chelmsford 434s 3,650 Chelmsford 434s 20.000 Dracut 3s 8,200 Dracut 334s 10.000 Dracut 334s 15.500 Dracut 4s 3.000 Mansfield 4s 4.500 Revere 4s 8.000 Tewksbury 334s 10.000 Tewksbury 4s R a ilr o a d B o n d s . $15,000 Atch., Top. & Santa F6 4s 20.000 Baltimore & Ohio 4s 10.000 Boston & Albany 334s 8.000 Boston & Lowell 4s 65.000 Boston & Maine 4s 35.000 Boston & Maine 434s and A udit , March 8-18 inclusive. Par Value. $10,000 B. & N. Y. Air Line 4s 25.000 C., B. & Q. 334s 10.000 Chi., Mil. & St. Paul 4s 10.000 Chi., Mil. & St. Paul 434s 25.000 Cleveland & Pitts. 334s 10.000 Concord & Montreal 4s 82.000 Fitchburg 4s 15.000 Lake Shore & Mich. So. 4s 25.000 Maine Central 434s 10.000 Min., St. P. & Sit. St. M. 4s 55.000 New England R.R. 4s 100,000 N. Y., N. H. & H. 4s 20.000 Northern Pacific 4s 25.000 Old Colony 334s 75.000 Old Colony 4s 35.000 Pennsylvania 434s 30.000 Portland & R. Falls 4s 1.000 P., Gt. Falls & Con. 434s 5.000 Rome, W. & Ogdensburg 5s 10.000 St. Paul, Minn. & Man. 434s 25.000 Washington Co. 334s S tr e e t R a ilw a y B o n d s . $50,000 Boston Elevated 4s 1,000 West End 4s 55.000 West End 5s 24.000 Worcester & Southbridge 434s B a n k S to c k s. 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. TH OM PSO N SQ U ARE (C H A R L E S T O W N D IS T R IC T ). Incorporated April 7, 1854. Number of corporators, 42; number of trustees, 22. W alter S. G lidden , President. W illiam P. H ar t , Treasurer. F red E. C oates , Clerk of the Corporation. G eorge P. N ason , Assistant Treasurer. Board of Trustees: C. V. B lanchard , J. F. B r ir y , M. E. S. C lemons, F rank D ow , A. A. F ales , W . S. G lidden , C. A. G rimmons, S. T. H a r ris , W . P. H ar t , C. B. J opp , L eslie L an gill , F. B. L a w ler , F rancis L e w is , G. P. N ason , F. V. N oyes , A. W . P atch , C. D . Saw in , W. W. Sto ver , E . L. Sweetser , J. F. W ellington , C linton W h ite , W . E. W h ite . Board of Investment: W. S. G lidden , C linton W h ite , A. A. F ale s , C. B. J opp , S. T. H a r ris . Auditing Committee: J. F. W ellington , A. W. P atch , M. E. S. C lemons, F. V. N oyes , C. A. G rimmons. Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 a .m . to 12 M.; also Wednesdays, 3 t o 5 p .m .; and Mondays, for deposits only, 6.30 to 8.30 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,432 loans on real estate (average of each, $6,510.02) Less amount due on uncompleted loans . . . . . . . . . . . . . . . ' . . . . . . . . . . . . . . . . . . . . . $9,347,352 00 25,000 00 175 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 . . . . . . . . . . T o t a l A s s e ts $1,762,786 1,585,070 365,687 221,576 178,927 62 60 50 25 00 9,322,352 3,256,660 70,000 287,475 37,700 00 00 00 44 42 . $17,088,235 83 L i a b ilit ie s . Due depositors on 29,009 accounts, averaging $536.96 each (Accounts opened during year, 5,406; closed, 2,457; increase, 2,949) Surplus: — a. Guaranty fund (4-92% of deposits; increase during year, $107,000) b. Profitand loss {increase during year, $20,722.27) . Current income: — o. Interest . . . . . . . $66,964 61 b. R e n t .......................................................... 673 50 . $15,578,857 90 767,000 00 669,051 41 $67,638 11 Less current expenses not charged off Less State or local taxes not charged off . $3,820 60 1,513 00 5,333 60 62,304 51 13,022 01 Unearned discount T o t a l L i a b i l i t i e s ...............................................$17,088,235 83 T o t a l E xp en ses fo r th e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $17,020.39 $25,197.67 $2,500.00 $1,594.70 $4,416.77 $50,729.53 Cost per $1,000 of assets 1.00 1.47 .15 .09 .26 2.97 Cost per $1,000 of assets not including State tax and rent . . . . . . 1.82 Gross income received during the year, $769,476.62. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 8 % ). Real estate loans (average rate, 4.95 per cent.): 4%, $299,000; 4)4%, $126,000; 4)4%, $849,665; 4)4%. $146,800; 5%, $7,227,382; 5)4%, $6,000; 5)4%, $615,850; 6%, $51,655. Personal loans (average rate, 4.76 per cent.): 4%, $6,000; 4)4%, $547,000; 4)4%. $40,000; 4)4%, $921,025; 4M%. $558,100; 5%, $785,935; 5)4%, $108,500; 5)4%, $116,500 ; 6%, $173,600. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 63 BANK COMMISSIONER. No. Bonds, stocks, etc. (average rate on amounts invested, 4.44 per cent.): 3.05%, $30,000; 3K%, $4,000 3M%, $80,000; 3.30%, $7,000; 3.35%, $40,000; 3.40%, $69,000; 3.42%, $10,000; 3.43%, $200,000 3.45%, $135,000; 3 ^ % , $62,000; 3.55%, $41,000; 3.60%, $10,000; 3.65%, $23,000; 3.95%, $13,000 4%, $1,826,209.50; 4A % , $137,500; 4^2%, $924,000; 4M%. $4,000; 5%, $428,500; 6%, $82,300 8%, $47,700; 10%, $15,000; 12%, $22,400; 16%, $25,500. Number of loans not over $3,000 each, 825, amounting to $1,316,021. 210 real estate loans made during year, amounting to $2,414,331. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% . . . . . Oct., 1916, 2 % ....................................... Extra dividends declared during year, April, 1916, }4,% . . . . . Oct., 1916, M % ....................................... Number of deposits during year, 32,868, amounting to . . . . . Number of withdrawals during year, 22,003, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $30,000 Massachusetts ZlA$ 81.000 Massachusetts 4s 7.000 Hampden County 4s 205,000 Boston 4s 50.000 Boston 4]4s 9.500 Cambridge 4s 20.000 Chelsea 4s 6.000 Chicopee 4s 10.000 Fall River 4s 9.000 Haverhill 4s 26.000 Lynn 4s 2.000 Malden 4s 5.500 Marblehead 4s 3.000 Marlborough 4s 23.000 Melrose 4s 20.000 Minneapolis, Minn., 4s 45.000 New Bedford 4s 56.000 New Bedford 4Ks 10.000 New Bedford 4As 9.000 Omaha, Neb., 4As 25.000 Pittsfield 4s 1.000 Providence, R. I., 4s 24.000 Salem4s 15.000 Somerville 4s 1.000 Worcester 4s 18.000 Amherst 4s 5.000 Billerica 4s 18.000 Dartmouth 4s 18.000 East Longmeadow 4}4b 1.000 Longmeadow 4Ks 18.000 Maynard 4Aa 13.000 Methuen 4s 11.000 Nantucket 5s 3,200 Russell 4s 4.500 Saugus 4s 1.000 Saugus 4b£s 5.000 South Hadley 4s P u b lic F u n d s , N o te s . $9,000 Plymouth County 4s 200,000 Chelsea 3.43% 7,000 Revere 3.30% 20.000 Revere 3.35% 30.000 Revere 3.40% 10.000 Revere 3.42% 10.000 Revere 3.60% D ates oe . OF . S E C U R IT IE S Par Value. $10,000 Revere 3.95% 67,600 Revere 4s 20.000 Revere 4Ms 5.500 Acushnet 4Ms 2.000 Acushnet 5s 11.500 Adams 4s 10.000 Agawam 3.65% 1.500 Bernardston 4s 25.000 Braintree 3.40% 4.000 Chester 3.55% 4.000 Colrain 4s 4.000 Deerfield 4s 1.000 Dighton4s 1.000 Dighton 5s 12.000 Duxbury 4Aa 6.000 Hardwick 4s 22.000 Hatfield 4>is 5.000 Holliston 3.40% 10.000 Holliston 3.65% 20.000 Hull 3.35% 19.500 Hull 4s 10.000 Huntington SAß 2.000 Huntington 4s 23.000 Ipswich 4s 4.000 Lynnfield 3As 2.000 Medfield 4s 100,000 Needham 3.45% 4.000 New Salem 3.20% 3.000 Norfolk 3.40% 3.000 Norfolk 3.95% 10.000 Randolph 3.05% 20.000 Reading 3.25% 2.000 Sandisfield 3.55% 6.000 Sandwich 3.40% 3.000 Sandwich 3.65% 8.000 Shrewsbury SAb 15.000 Stoneham 3.55% 10.000 Stoughton 3As 60.000 Wakefield 3.25% 16,400 Walpole 4s 6,000 Walpole 4A b 880 Ware 4s 10.500 Wareham 4s 629 W. Brookfield 4s 10.000 Whately 4s 35.000 Whitman 3.45% 20.000 Whitman 3.55% 20.000 Winthrop 3.05% i 4,000 Winthrop 4.75% E xam ination , April 3-6 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . $3,885,615 57 1,789,269 45 . . $267,441 87 290,258 78 33,461 48 36,308 38 3,258,145 06 . . . $2,096,346 12 OW NED. R a ilr o a d B o n d s . Par Value. $50,000 Atch., Top. & Santa Fé 4s 50.000 Baltimore & Ohio 4s 100.000 Baltimore & Ohio 4A b 67.000 Baltimore & Ohio 5s 20.000 Boston & Maine 4s 280.000 Boston & Maine 4A b 15.000 Boston, Rev. B. & Lynn 4As 9,600 Burlington & Mo. Riv. 6s 110.000 Chic., Mil. & St. Paul 4s 23.000 Concord & Montreal 4s 78.000 Fitchburg 4s 150.000 Fitchburg 4J^s 25.000 Fitchburg 5s, notes 200.000 Illinois Central 4s 64.000 Louisville & Nashville 5s 163.000 Maine Central 4Aa 66.000 N. Y. C. & H. R. 4s 50.000 N. Y. C. & H. R. 4As 135.000 N. Y., N. H. & H. 4s Street R a ilw a y B o n d s . $200,000 Boston Elevated 5s 55.000 West End 4s 75.000 West End 4As 44.000 West End 5s B a n k S to c k s. 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 255 First 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 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 B R O A D W A Y . Incorporated April 29, 1854. Number of corporators, 106; number of trustees, 28. E dwin R . H oag , President. A lice M . H utchins, Clerk of the Corporation. W illiam B. D enison , Treasurer. E dw in H. C urry , Assistant Treasurer. Board of Trustees: I. F. A twood , W. A. B aston , A. T. C ollier , E. H. C urry , W. B. D enison , G. H. D unham , S. P. G ates , C. W . G ould , W illiam G rantman , A. S. H a r ris , J. S. H arrow er , F. S. H ersom , E. R. H oag , R . W. E. H opper , F. W . K imball , S. J. L ittlefield , W . L. M artin , W. E. M cC lintock , Otis M erriam , W. C. M itchell , W. J. M urdock , P. J. M u r ray , J. M. P utnam , W illiam R obinson , J. C. Smith , W . A. Soley , H. H. Stickney , L. K . W ashburn . Board of Investment: E . R . H oag , A. T. C ollier , W illiam G rantman , I. F. A twood , F. W . K im ball . Auditing Committee: W. L. M ar tin , G. H. D unham , J. S. H arrow er . 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 . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,806 loans on real estate (average of each, $2,637.11) Less amount due oa uncompleted loans . . . 110 loans on personal security . . . . Bank building and fixtures (estimated value, $86,500; Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,789,421 00 . . . 26,798 03 --------------------. . . . . . assessed value, $79,000) . . . . . . . . . . . . . . . . . . . . $632,000 00 990,394 50 152,175 00 68,177 50 9,000 00 4,762,622 97 1,548,105 00 23,471 98 20 28 187,302 61 10,299 29 T o t a l A s s e t s ...............................................$8,383,569 13 L ia b ilitie s . Due depositors on 23,493 accounts, averaging $323.28 each . . . . (Accounts opened during year, 4,377; closed, 3,060; increase, 1,317) Surplus: — a. Guaranty fund (4-96% of deposits; increase during year, $34,000) . b. Profit and loss (increase during year, $7,272.30) . . . . . Current income: — Interest . . . . . . . . . . . . Due on foreclosure sales . . . . . . . . . Suspense account . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . $7,594,879 98 , . . . 377,000 00 362,094 20 . 49,232 38 176 57 186 00 . $8,383,569 13 . 65 BAN K COMMISSIONER. No. 8.] T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Total. State Tax (Net). Salaries. Rent. Advertising. Other Expenses $35,562.05 Amount paid for S9.079.49 $20,218.54 $3,500.00 $561.02 $2,203.00 4.24 Cost per $1,000 of assets 1.08 2.41 .42 .07 .26 2.74 Cost per $1,000 of assets not including State tax and rent . . . . . . Gross income received during the year, $382,183.31. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 4 % ). Real estate loans (average rate, 5.09 per cent.): 5%, $4,079,141; 5M%> $422,901.97; 6%, $260,580. Personal loans (average rate, 4.35 per cent.): 4%, $210,000; 4M%, $100,000; 4M%> $670,000; 4%%, $50,000; 4M%, $345,000; 5%, $155,105; 5 ^ % , $10,800; 6%, $7,200. Bonds, stocks, etc. (average rate on amounts invested, 4.57 per cent.): 31Aa%, $25,000; 3M%> $50,000; 4%, $933,000; 4M%. $2,000; 4M%, $417,000; 5%, $234,000; 6%, $233,000; 8%, $1,500; 10%, $2,500. Number of loans not over $3,000 each, 1,200, amounting to $2,108,931. 250 real estate loans made during year, amounting to $794,650. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $133,256 14 140,220 76 1,908,229 24 Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 50,818, amounting to Number of withdrawals during year, 24,818, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $25,000 Massachusetts 3Ms 20.000 Attleborough 4s 148,000 Boston 4s 2.000 Boston 4 Ms 60.000 Brockton 4s 35.000 Chelsea 4s 25.000 Everett 4s 30.000 Fall River 4s 35.000 Los Angeles, Cal., 4Ms 15.000 McKeesport, Pa., 4s 5.000 Melrose 4s 50.000 Newark, N. J., 4Ms 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., 4Ms 5.000 Waterbury, Ct., 4Ms 3.000 Abington 4s P u b lic F u n d s , N o te s . $25,000 Chelsea 3lies D ates op . OF . . . S E C U R IT IE S . . . $2,181,706 14 1,499,460 74 . . . . $682,245 40 OW NED. R a ilr o a d B o n d s . Par Value. $3,000 Aroostook Northern 5s 50.000 Atch., Top. & Santa F6 4s 50.000 Baltimore & Ohio 4Ms 5.000 Boston & Albany 4s 30.000 Boston & Albany 5s 8.000 Boston & Maine 4s 55.000 Boston & Maine 4Ms 5.000 Burlington & Mo. Riv. 6s 50.000 Central R.R. of N. J. 5s 50.000 C., B. & Q. 4s 61.000 Chic., Mil. & St. Paul 4Ms 14.000 Chic., Mil. & St. Paul 6s 35.000 Chicago, R. I. & Pacific 4s 28.000 Chic., St. P., Minn. & Oma. 6s 75.000 Chicago & Northwest. 6s 24.000 Fitchburg 4s 6.000 Fitchburg 5s 50.000 Illinois Central 4s 40.000 Lake Shore & Mich. So. 4s 50.000 Louisville & Nashville 6s 50.000 Maine Central 4Ms 15.000 Michigan Central 4s 35.000 Min., St. P. & Sit. St. M. 4s E xam ination , March 27-April 1 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Par Value. $25,000 Montana Central 6s 25.000 N. Y. Cent. & H. Riv. 4s 25.000 N. Y„ N. H. &H. 3Ma 10.000 No. Maine Seaport 5s 50.000 Old Colony 4s 65.000 Pennsylvania 4Ms 10.000 Pensacola & Atlantic 6s 8.000 Portland Terminal Co. 4s 20,000 Wash. & Columbia Riv. 4s S tr e e t R a ilw a y B o n d s . $15,000 Boston Elevated 4Ms 40.000 Boston Elevated 5s 25.000 Boston & Northern 4s 25.000 Holyoke 5s 50.000 West End 5s B a n k S to ck s. Shs. 25 Merchants Nl. Bk., Boston. 50 Chelsea Trust Co. 15-Union Nl. Bk., Lowell 66 REPO RT OF THE [Pub. Doc. CHICOPEE SAVINGS BANK, CHICOPEE. 14 S P R I N G F I E L D Incorporated February 27, 1845. STREET. Number of corporators, 58; number of trustees, 17. N elson B. C ar ter , President. C harles J. Se a ver , Treasurer. W illiam F. B ostwick , Clerk of the Corporation. Board of Trustees: G. A. B laisdell , W. F. B ostwick , N. B. C arter , D . S. C ourtney , C. E. C rehore , F. X . D eroin , C. J. D riscoll , W. J. F uller , E. G. G aylord , J. M. G r ise , A. J. Jen ks , J. P. K ir b y , F. P. L udwig , H. A. M orse , F. H. N orton , J. L. P ease , P . C. P ond . Board of Investment: N. B . C ar ter , W . J. F u ller , E. G. G aylord , P. C. P ond . Auditing Committee: H. A. M orse , J. L. P ease , A. J. Jen ks . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3 P.M.; Saturdays, 9 a .m . to 12.30 p .m .; also Fridays, 6 to 8 p .m . STATEM EN T OF C O N D IT IO N , OCTOBER 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . . . . Stocks of banks and trust companies 785 loans on real estate (average of each, $2,096.77) . 35 loans on personal security . . . . Furniture and fixtures . . . . . . Taxes, insurance, etc., paid on mortgaged properties Suspense account . . . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $121,130 488,323 109,225 49,677 14,200 1,645,967 331,794 1,600 25 6 43,045 11,914 . . . . . . . 00 75 00 50 00 00 37 00 20 93 30 62 T o t a l A s s e t s .............................................. $2,816,909 67 L ia b ilit ie s . Due depositors on 5,395 accounts, averaging $486.44 each . . . {Accounts opened during year, 1,267; closed, 668; increase, 599) Surplus: — a. Guaranty fund {4.68% of deposits; increase during year, $6,900) b. Profit and loss {increase during year, $2,987.84) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . . . $2,624,344 90 . . 122,800 00 57,300 41 $14,128 82 2,226 96 11,901 86 562 50 Unearned discount https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o ta l L ia b ilitie s . . $2,816,909 67 No. 8 .1 BAN K COMMISSIONER. 67 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $4,146.70 $4,681.53 $420.00 $38.70 $1,433.29 $10,720.22 Cost per $1,000 of assets 1.47 1.78 .16 .01 .51 3.93 Cost per $1,000 of assets not including State tax and rent . 2.30 Gross income received during the year, $120,512.84. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 0 % ). Real estate loans (average rate, 5 per cent.): 4A % , $2,950 ; 5%, $1,643,017. Personal loans (average rate, 4.60 per cent.): 4Ji%, $125,000; 4%%, $15,000; 4J^%, $100,000; 5%, $67,330; 5H%, $8,914.37; 6%, $15,550. Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cent.): 3J^%, $190,000; 4%, $456,500; 4H%, $115,000; 5%, $25,000; 6%, $6,600; 12%, $5,000. Number of loans not over $3,000 each, 668, amounting to $989,982. 143 real estate loans made during year, amounting to $262,800. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 10,659, amounting to $44,343 52 47,320 41 674,376 00 Number of withdrawals during year, 4,433, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s , B o n d s. Par Value. $20,000 State of California 4s 25.000 Boston 4s 15.000 Duluth, Minn., 4As 25.000 Los Angeles, Cal., 4As 25.000 Omaha, Neb., 4J^s 3.000 Quincy 4s 5.000 San Francisco, Cal., 5s 3,500 Amesbury 4s R a ilr o a d B o n d s . $10,000 Baltimore & Ohio 3As 25.000 Baltimore & Ohio 4s 25.000 Boston & Maine 3Aa 20.000 Boston & Maine 4s 5,000 Boston & Maine 4Hs 38.000 C„ B. & Q. 3J^s D ates of . OF . . . . . . . . . $766,039 93 442,802 01 . $323,237 92 S E C U R IT IE S „ O W N E D . Par Value. $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 3As 22.000 Conn. River 4s 20.000 Fitchburg 3J^s 25.000 Fitchburg 4s 30.000 Illinois Central 3J^s 39.000 Illinois Central 4s 25.000 Lake Shore & Mich. So. 4s 25.000 Maine Central 4As 2.000 Michigan Central 3As 5.000 Mich. Cent.-Mich. Air L. 4s 10.000 N. Y. C. & H. R. 4s 40.000 N. Y., N. H. & H. 3Aa 45.000 N. Y., N. H. & H. 4s 10.000 Pennsylvania 4j4>s E xam ination , March 21, 22. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . S tr e e t R a ilw a y B o n d s. Par Value. $55,000 Boston Elevated 4s 10.000 Boston & Northern 4s 30.000 Springfield 4s 5,000 West End 4s 10.000 West End 5s B a n k S to c k s. Shs. 66 Chapin Nl. Bk., Springfield 50 Union Tr. Co., Springfield 68 REPO RT OF THE [Pub. Doc, CHICOPEE FALLS SAVINGS BANK, CHICOPEE FALLS. 91 M A I N Incorporated May 11, 1875. STREET. Number of corporators, 42; number of trustees, 20. Board of Trustees: C. W . B e a t , G. W . B r a t , W . J. D unn , F. C. F lint , L. J. G ibb s , F. L. H in k ley , W. O. K entfield , C. W. K ing , J. B. K night , L. N. L yon , A. R. M ar tin , G. M . M orton , E. J. O’N e il , I. H. P ag e , W . S. P age , F. E. P atterson , A. E. T aylo r , E. R. T aylor , F. S. T aylor , F . N. WlTHREL. Board of Investment: G. M. M orton , F. N. W ith re l , W. S. P ag e , A. R. M a r t in . Auditing Committee: F. L. H in k ley , W. S. P ag e , F. C. F lin 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 m .; Saturdays, 9 a .m . to 12.30 p .m .; also Thursdays and Saturdays, 6 to 8 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . «. . Stocks of banks and trust companies . . . 450 loans on real estate (average of each, $2,733.05) . Less amount due on uncompleted loans . . . . . . . . . . . 50 loans on personal security . . . . • . Bank building and fixtures (estimated value, $38,402.79; not Deposits in national banks or trust companies . . Cash and cash items . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . $94,026 20 265,423 85 134,423 75 35,717 50 17,100 00 . . . . . . $1,231,472 88 . . 2,050 00 -------------------------------------- 1,229,42288 . . . . . 119,387 25 yet assessed) . . . 38,402 79 . . . . . 39,335 95 . . . . . 9,174 98 . . . . . . . . . . $1,982,415 15 L ia b i l i t i e s . Due depositors on 4,897 accounts, averaging $377.96 each . . . . . (Accounts opened during year, 1,509; closed, 970; increase, 539) Surplus: — a. Guaranty fund {4.61 % of deposits; increase during year, $6,900) . . . h. Profit and loss (increase during year, $5,169.13) . . . . . . Current income: — o. Interest . . . . . . . $10,824 79 b. Rent . . . . . . . 13 84 --------------------$10,838 63 Less current expenses not charged off . . . . 2,300 33 --------------------- $1,850,873 92 . $1,982,415 15 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 85,400 00 37,602 93 8,538 30 BAN K COMMISSIONER. No. 8. 69 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Rent. Advertising. Other Expenses. Salaries. State Tax (Net). $300.00 $90.86 $1,595.92 Amount paid for $2,459.85 $4,119.08 .15 .05 2.08 .81 Cost per $1,000 of assets 1.24 Cost per $1,000 of assets not including State tax and rent . Total. $8,565.71 4.33 2.94 Gross income received during the year, $86,591.15. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 7 % ). Real estate loans (average rate, 5.01 per cent.): 5%, $1,203,422.88; 534%. $26,000. Personal loans (average rate, 4.72 per cent.): 434%, $20,000; 4)4%. $20,000; 4J4%, $5,000; 5%, $55,387.25; 534%. $4,000; 6%, $10,950. Bonds, stocks, etc. (average rate on amounts invested, 4.59 per cent.): 334%. $79,000; 4%, $205,000; 434%, $87,000; 5%, $163,400; 6%, $19,000; 7%, $5,000; 734%. $2,000; 8%, $2,500; 10%, $2,000. Number of loans not over $3,000 each, 383, amounting to $533,268.13. 86 real estate loans made during year, amounting to $224,100. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% . July, 1916, 2% . Number of deposits during year, 13,981, amounting to $29,845 06 32,101 14 658,235 54 Number of withdrawals during year, 5,805, amounting to $720,181 74 464,999 81 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $9,000 Cleveland, Ohio, 434s 10,000 Cranston, R. I., 434s 5.000 Dayton, 0., 434s 5.000 Dayton, 0., 5s 5.000 Jamestown, N. Y., 434s 8.000 Portland, Ore., 5s 15.000 Quincy 4s 10.000 San Francisco, .Cal., 5s 5.000 Seattle, Wash.,4s 15.000 Seattle, Wash., 5s 5.000 Spokane, Wash., 434s 2.000 E. Bridgewater 4s R a ilr o a d B o n d s. $12,000 Atch., Top. & Santa F<§ 4s 10.000 Baltimore & Ohio 4s 15.000 Baltimore & Ohio 434s 10.000 Baltimore & Ohio 5s 5.000 Bangor & Aroostook 5s 17.000 Boston«& Albany 4s 10.000 Boston & Albany 5s 5.000 Boston & Maine 334s D ates of $255,181 93 OF OW NED. S tr e e t R a ilw a y B o n d s . Par Value. $10,000 Boston Elevated 4s 10,000 Boston Elevated 434s E xam ination , March 22, 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S E C U R IT IE S Par Value. $3,000 Boston & Maine 4s 5.000 Boston & Maine 434s 12.000 Boyer Valley 334s 5.000 Chic., Mil. & St. Paul 5s 5.000 Chic., Mil. & St. Paul 6s 10.000 Cleveland Short Line 434s 15.000 Fitchburg 334s 5.000 Fitchburg 5s 10.000 Illinois Central 334s 10.000 Illinois Central 4s 5.000 Maine Central 434s 17.000 N. Y. C. & H. R. 334s 20.000 N. Y„ N. H. & H. 334s 47.000 N. Y„ N. H. & H. 4s 8.000 Northern Me. Seaport 5s 4.000 Pennsylvania 434s 10.000 Pensacola & Atlantic 6s 3,000 Vermont Valley 434s Par Value. $22,000 Boston Elevated 5s 23.000 Boston & Northern 4s 1.000 East Middlesex 4s 3.000 Georgetown, Row. & Ips. 5s 17,800 Holyoke 5s 5.000 Lowell, Law. & Hav. 5s 11.000 Springfield 4s 10.000 Spring. & Eastern 5s 7.000 West End 5s 14.000 Worcester Consol. 5s 1.000 Worces. & Southbridge 434s 2.000 Woronoco 5s B a n k S to c k s. 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 REPO RT OF THE [Pub. Doc. CITIZENS SAVINGS BANK, FALL RIVER. 6 SOUTH Incorporated October, 1851. M A IN STREET. Number of corporators, 61; number of trustees, 20. J ohn C. M iln e , President. J oseph D . M iln e , Clerk of the Corporation. W illiam F. W inter , Treasurer. R obert C. C rapo , Assistant Treasurer. Board of Trustees: J. E. A miot , H enry A shworth , J. C. B ra dy , W . B. M . C hace , J. A. C h adw ick , H. H .E arl , W . E. F aw cett , H. F. G rin nell , S. W . H ath a w ay , J. W . H en ry , P. J. H urley , C. E . M ills , J. C. M iln e , J. D . M il n e , J. E. O sborn , J. M . Sw if t , J. T . Sw ift , W . F. T homas , J oseph W atters , W . F. W in te r . Board of Investment: J. C. M iln e , H . H. E a r l , S. W . H ath a w ay , J. M . Sw ift , P. J. H ur ley . Auditing Committee: H. F. G rin nell , J oseph W atters , J. C. B rady . Deposits draw interest from first Monday of March, June, September and December; dividends are payable the second Monday of June and December. Business hours: 9 a .m . to 2 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 688 loans on real estate {average of each, $4,381.18) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . $3,023,034 80 . . . 8,780 96 --------------------105 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $80,000; assessed value, $97,600) . . Real estate by foreclosure, etc. (assessed value, $14,912) . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . $257,806 00 2,440,275 00 80,000 00 106,538 50 275,212 50 4,140 00 3,014,253 84 808,035 00 65,000 00 8,743 89 145,978 90 7,912 04 $7,213,895 67 L ia b ilitie s . Due depositors on 10,905 accounts, averaging $589.48 each . . . . . $6,428,277 48 (Accounts opened during year, 1,767; closed, 1,230; increase, 637) Surplus: — a. Guaranty fund (4-88% of deposits; increase during year, $14,687.33) 313,822 07 b. Profit and loss (increase during year, $4,419.48) . . . . . 274,382 08 Current income: — Interest . . . . . . . . . . $159,574 40 Less current expenses not charged off . . . . 9,501 79 150,072 61 Unearned discount and interest * 45,659 37 Suspense account 31 50 Due on foreclosure sale 1,650 56 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $ 7,213,895 67 B AN K COMMISSIONER. No. 8. 71 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $3,665.00 $34,004.87 Amount paid for $13,057.81 $14,141.66 $3,000.00 $140.40 .51 4.71 Cost per $1,000 of assets 1.81 1.96 .41 .02 2.49 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $363,098.85. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .2 7 % ). Real estate loans (average rate, 5.10 per cent.): 4J^%, $258,500 ; 4%%, $94,000; 5%, $1,740,631.04; 5y2%, $907,549; 6%, $13,573.80. Personal loans (average rate, 4.44 per cent.): 4%, $195,000; 4J^%, $238,000; 4}^%, $175,800; 4%%, $74,950; 5%, $87,660; 5J^%, $20,625; 6%, $16,000. Bonds, stocks, etc. (average rate on amounts invested, 5.64 per cent.): 4%, $314,000; 4J^%, $253,000; 4H%, $10,000; 5%, $976,000; bV2%, $3,000; 6%, $1,364,700; 6V2%, $9,600; 7%, $182,500; 8%, $59,500; 10%, $7,900; 12%, $5,000; 16%, $22,300. Number of loans not over $3,000 each, 409, amounting to $645,524.80. 145 real estate loans made during year, amounting to $640,944. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2% Number of deposits during year, 12,073, amounting to $117,062 82 119,393 33 1,195,912 84 Number of withdrawals during year, 9,269, amounting to $1,432,368 99 1,053,762 80 $378,606 19 Net increase in amount due depositors SCH EDU LE P u b lic F u n d s, B on d s. 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 25.000 Fall River 4s 5.000 Holyoke 4}4s 10.000 Loraine, 0., 5% 10.000 Minneapolis, Minn., 4%s 10.000 Newark, N. J., 4)^s 15.000 New Bedford 5s 10.000 Oakland, Cal., 4J^s 5.000 Oakland, Cal., 5s 3.000 Oakland, Cal., 5%s 10.000 Portland, Ore., 4J^s 15.000 Salem 4s 10.000 St. Paul, Minn., 4>£s R a ilr o a d B o n d s . $15,000 Baltimore & Ohio 4b£s 25.000 Baltimore & Ohio 5s 10.000 Boston & Albany 5s 10.000 Central R.R. of N. J. 5s 15.000 Chi., Mil. & St. Paul 4^s 10.000 Chic., Mil. & St. Paul 5s D ates of O F S E C U R IT IE S Par Value. Par Value. $5,000 CUc., Mil. & St. Paul 6s $106,000 St. J. & L. C. 5s 26.000 Chic. & North. 5s 17.000 St. Paul & Duluth 5s 180.000 Chic. & North. 6s 143,000 St. Paul, Minn. & Man. 6s 44.000 St. P. & Northern Pac. 6s 120.000 Cleveland & Pitts. 160.000 Fre., Elkhorn & Mo. V. 6s 10.000 St. P. & Sioux City 6s 12.000 Troy & Boston 7s 75.000 Housatonic 5s 22.000 Wilmar & Sioux Falls 5s 40.000 Illinois Central 4s 40.000 Kal., Allegan. & G. R. 5s 41.000 Winona & St. Peter 7s 80.000 Louisville & Nashville 5s 109.000 Louisville & Nashville 6s S tr e e t R a ilw a y B o n d s . 68.000 Mahoning Coal 5s $15,000 Boston Elevated 4}^s 25.000 Maine Central 4J^s 30.000 Boston Elevated 5s 100.000 Michigan Central 5s 20.000 Lynn & Boston 5s 136.000 Mil., L. S. & West. 5s 15.000 West End 5s 128.000 Mil., L. S. & West. 6s 15.000 M., St. P. & Sit. Ste. M. 4s B a n k S to c k s. 86.000 Mobile & Ohio 6s Shs. 100.000 Mont. Cent. 6s 6 Commonwealth Tr. Co., Boston 32.000 Nash., Florence & Shef’d. 5s 223 First Nl. Bk., Boston 85.000 N. Y„ N. H. & H. 6s 79 Merchants Nl. Bk., Boston 131.000 N. Y., Lack. & West. 6s 537 Nl. Shawmut Bk., Boston 75.000 No. Maine Seaport 5s 50 Second Nl. Bk., Boston '80,000 Norfolk & Western 6s 255 Fall River Nl. Bk. 22,500 Northwestern Union 7s 1,070 Massasoit-Pocasset Nl. Bk., Fall 5.000 Ohio River 5s River 18.000 P., Great Falls & Con. 4J/£s 506 Metacomet Nl. Bk., Fall River 5.000 South & North Alabama 5s 40 Union Nl. Bk., Lowell 19.000 Spokane Falls & North. 6s E xam ination , October 2-4 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OW NED. 72 [Pub. Doc. REPO RT OF THE CITY SAVINGS BANK OF PITTSFIELD, PITTSFIELD.* 116 Incorporated April 13, 1893. NORTH STREET. Number of corporators, 49; number of trustees, 19. F b a n c is W. R ockwell , President. J. F eed K ahl , Clerk of the Corporation. H. C alvin F obd , Treasurer. Board of Trustees: C. F. C oogan , Z. M . C b a n e , A. W. E aton , B. M . E ngland , D . J. G imlich , J oseph I nsull , J. F. K ah l , K . B. M illeb , A. A. M ills , G. W. P ease , H. R. P eibson , A. W. P lumb , L. G. R obbins , F. W. R ockwell , G. H. S outhabd , G. H. T uckee , H. B. W ellington , C . H. W ilson , E . P. W ood . Board of Investment: C. F. C oogan , L. G. R obbins , D. J. G imlich , G. H. Southabd , G. H. T uckeb . Auditing Committee: G. W. P ease , J. F. K ah l , G. H. S outhabd . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 600 loans on real estate (average of each, S3,650.14) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . 2,190,085 92 164,818 00 89,100 00 25,732 21 268 59 309 38 43,164 87 9,261 94 . $3,793,806 93 . . $38,000 00 794,089 26 248,195 20 67,609 56 123,172 00 . . . $2,229,403 59 . . 39,317 67 --------------------32 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $89,100; assessed value, $79,000) . . Real estate by foreclosure, etc. (assessed value, $36,800) Taxes, insurance, etc., paid on mortgaged properties . . . . . . Accrued interest . . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . T o t a l A s s e ts > L ia b ilit ie s . Due depositors on 11,029 accounts, averaging $331.29 each (Accounts opened during year, 3,731; closed, 1,856; increase, 865) Surplus: — a. Guaranty fund (3.33% of deposits; increase during year, $8,900) b. Profit and loss (increase during year, $10,316-41) ■ Current income: — а. Interest . . . . . . . $18,129 53 б. Rent . . . . . . . 1,213 85 c. Other income . . . . . . 134 57 . $3,653,846 70 81,500 00 41,931 31 $19,477 95 4,933 65 ---------------- Less current expenses, etc., not charged off Unearned discount . . . . . T o t a l L ia b ilitie s . . . . 14,544 30 1,984 62 $ 3,793,806 93 * Statements of Life Insurance Departments appear on pages immediately following page 395. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BAN K COMMISSIONER. No. 8.] 73 T o t a l E xp en ses fo r th e Y e a r, in c lu d in g S ta te T a xes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $3,869.66 $18,983.49 Amount paid for $4,391.81 $7,465.30 $3,000.00 $257.72 1.02 4.98 Cost per $1,000 of assets 1.15 1.96 .79 .06 Cost per $1,000 of assets not including State tax and rent . 3.04 Gross income received during year, $167,044.89. I R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 9 % ). Real estate loans (average rate, 5.02 per cent.): 4%%, $32,000; 5%, $2,087,460.92; 6%, $70,625. Personal loans (average rate, 4.79 per cent.): 4%%, $85,000; 5%, $67,950; 5%%, $8,600; 6%, $3,268. Bonds, stocks, etc. (average rate on amounts invested, 4.40 per cent.): 3%%, $75,000; 4%, $686,000; 4M%, $5,000; 4% % , $258,000; 5%, $168,600; 6%, $5,100; 8%, $39,300; 10%, $15,500; 10%%, $2,250; 12%, $2,000; 20%, $500. Number of loans not over $3,000 each, 422, amounting to $636,436. 39 real estate loans made during year, amounting to $201,650. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $61,843 03 65,369 54 1,054,271 45 Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 23,288, amounting to Number of withdrawals during year, 12,491, amounting to . . . SCHEDULE Public Funds, Notes. $8,000 Hinsdale 4%s Railroad Bonds. $10,000 Atch., Top. & Santa Fé 4s 113.000 Baltimore & Ohio 4s 80.000 Baltimore & 0hio4%s . 35.000 Baltimore & Ohio 5s 27.000 Bangor & Aroostook 5s 10.000 Boston & Albany 4s 5.000 Boston & Maine 3%s 26.000 Boston & Maine 4s 24.000 Boston & Maine 4%s 10.000 Chic., Mil. & St. Paul 4%s 45.000 Chic., Mil. & St. Paul 5s 20.000 Chic. & Northwestern 4s 4.000 Concord & Montreal 4s D ates op E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF S E C U E IT IE S OW NED. Par Value. $15,000 Fitchburg 4s 10.000 Fitchburg 4%s 5.000 Holyoke & Westfield 4%s 15.000 Illinois Central 3%s 50.000 Illinois Central 4s 5.000 Michigan Central 3%s 50.000 Minn., St. P. & St. Ste. M. 4s 30.000 N. Y. C. & H. R. 3%s 50.000 N. Y. C. & H. R. 4s 50.000 N. Y. C. & H. R. 4%s 20.000 N. Y. C., L. S. & M. So. 4s 20.000 N. Y., N. H. & H. 3%s 55.000 N. Y„ N. H. & H. 4s 15.000 No. Maine Seaport 5s 25.000 Pennsylvania 4%s Par Value. $30,000 Minneapolis, Minn. 4s S tr e e t R a ilw a y B o n d s . $40,000 Boston Elevated 4s 51.000 Boston Elevated 4%s 10.000 Boston Elevated 5s 100,000 Boston & Northern 4s and $1,181,484 02 785,653 56 $395,830 46 Net increase in amount due depositors Public Funds, Bonds. . A udit , May 8-12 inclusive. Par Value. $6,600 Holyoke 5s 10.000 Hoosac Valley 4s 10.000 Old Colony 4s 30.000 West End 5s B a n k S to ck s. Shs. 30 Commercial Nl. Bk., Boston 50 Commonwealth Tr. Co., Boston 60 Nl. Shawmut Bk., Boston 150 Old Colony Tr. Co., Boston 20 Safety Fund Nl. Bk., Fitchburg 35 Manufacturers Nl. Bk., Lynn 208 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. [Pub. Doc. RE PO R T OF THE 74 CITY FIVE CENTS SAVINGS BANK, HAVERHILL. 4 6 -4 8 W A S H I N G T O N Incorporated March 31, 1870. STREET. Number of corporators, 99; number of trustees, 12. Sylvanus P. G ardn er , President. G eorge W. N oyes , Treasurer. L eonard H. N oyes , Clerk of the Corporation. Board of Trustees: G. H. B ix b y , C. L. B riggs , O. J. C arlton , C. H. C roy , S. P. G ardn er , H. H . G ilman , E. H. H owes , H . F. H ussey , P erley L eslie , G eorge N ichols, 2d, C. A. P in g r e e , P. C. Sw e tt . Board of Investment: S. P. G ardn er , G eorge N ichols, 2d, P. C. Sw e tt , C. L. B riggs , C. H. C r o y . Auditing Committee: S. P. G ardn er , H. H. G ilman , C. A. P ingree . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 676 loans on real estate (average of each, $3,177.22) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . $2,158,800 00 . . . 11,000 00 --------------------48 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $60,000; assessed value, $45,000) . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . $158,495 60 551,883 75 130,000 00 150,000 00 58,521 25 37,200 00 2,147,800 00 552,060 00 62,000 00 57,748 61 8,214 21 s s e t s .............................................. $3,913,923 42 L ia b ilitie s . Due depositors on 13,386 accounts, averaging $268.74 each . . . . . (Accounts opened during year, 2,466; closed, 1,532; increase, 934) Surplus: — a. Guaranty fund (4-77% of deposits; increase during year, $7,434-70) . b. Profit and loss (increase during year, $9,419.90) . . . , Current income: — Interest . . . . . . . . . . $52,666 69 Less current expenses not charged off . . $4,424 64 Less State or local taxes not charged off . . 740 93 --------- ----------5,165 57 171,719 70 96,847 11 47,501 12 432 23 105 89 Unearned discount Insurance account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $3,597,317 37 T o t a l L ia b ilitie s . . $3,913,923 42 75 BANK COMMISSIONER. No. 8.] T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $1,386.55 $19,263.86 Amount paid for $5,725.47 $9,041.94 $3,000.00 $109.90 .35 4.92 Cost per $1,000 of assets 1.46 2.31 .77 .03 2.69 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $172,379.61. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 6 % ). Real estate loans (average rate, 5.04 per cent.): 5%, $2,006,905; 5J^%, $95,050; 6%, $45,845. Personal loans (average rate, 4.31 per cent.): 4%, $100,000; 4J£%, $226,500; 4^ % , $50,000; 4J^%, $160,500; 5%, $14,890; 6%, $170. Bonds, stocks, etc. (average rate on amounts invested, 4.09 per cent.): 3J^%, $337,600; 4%, $628,000; 4^2%, $90,000; 5%, $10,000; 6%, $5,000; 8%, $29,700; 10%, $2,500. Number of loans not over $3,000 each, 493, amounting to $788,385. 139 real estate loans made during year, amounting to $565,100. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $62,953 93 65,235 25 855,290 06 Ordinary dividends declared dining year: Dec., 1915, 2% June, 1916, 2% Number of deposits during year, 24,551, amounting to Number of withdrawals during year, 11,083, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $25,000 Massachusetts 3}4b 25.000 Boston 4s 12.000 Chicopee 4s 15.000 Fall River 4s 10.000 Indianapolis, Ind., 4s 14.000 Newton 4s 10.000 North Adams 4J^s 20.000 Seattle, Wash., 4J^s 2,000 Danvers, 4s P u b lic F u n d s, N o te s . $2,600 Groveland 3}^s 23,000 Groveland 4s D ates op . OF . . S E C U R IT IE S . . . . . . . $983,479 24 677,779 19 . $305,700 05 OW NED. Railroad Bonds. Par Value. $10,000 Bennington & Rutland 4J^s 25.000 Boston & Albany 4s 75.000 Boston & Maine 4s 10.000 Boston & Maine 4}^s 20.000 C., B. & Q. 4s 25.000 Chic. & Northwestern 4s 25.000 Cleveland & Pitts. 3)^s 22.000 Fitchburg 4s 60.000 Illinois Central 3}4a 35.000 Lake Shore & Mich. So. 4s 25.000 Minn., St. P. & Sit. St. M. 4s 5.000 Minn. & Iowa 3p£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. 3)^s 15.000 Upper Coos 4s E xam ination , January 17-19 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . S tr e e t R a ilw a y B o n d s . Par Value. $l'l,000 Boston Elevated 4s 15.000 Boston Elevated 4J^s 25.000 Springfield 4s 45.000 West End 4s 10.000 West End 4L£s 25.000 Worcester Consolidated 4]^s B a n k S to c k s. Shs. 25 Merchants Nl. Bk., 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 76 REPO RT OF THE [Pub. Doc, CITY INSTITUTION FOR SAVINGS, LOWELL. 174 Incorporated April 12, 1837. CENTRAL STREET. Number of corporators, 37; number of trustees, 12. C harles P. C onant , President. G eorge E. P er ley , Clerk of the Corporation. F rank W. H urd , Treasurer. A sa W. F lint , Assistant Treasurer. Board of Trustees: W . P. B uttrick , F rank C oburn , C. P. C onant , J. G. H ill , C. E. H o x ie , L eonard H untress , F. W. H urd , C . F. K eyes , W. E. L ivingston , E. G. M orrison , J oseph P ea bo dy , A . D. Sargent . Board of Investment: F rank C oburn , C. P. C onant , J. G. H ill , L eonard H untress , J oseph P e a bo dy . Auditing Committee: C. F. K eyes , C. E. H o xie , C. P. C onant . Deposits draw interest from second Saturday in January, April, July and October; dividends are payable second Saturday of January and July. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 7 to 9 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 671 loans on real estate (average of each, $9,383.89) Less amount due on uncompleted loans . . . . $515,000 2,375,017 733,843 181,923 261,400 5,616 00 50 75 75 00 59 6,296,590 1,197,174 363 2,547 1,509 139,579 3,398 30 17 07 32 59 98 24 $6,571,782 30 275,192 00 . 61 loans on personal security . . . . 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 . . . . . . T o t a l A s s e ts . $ 1 1 ,7 1 3 ,9 6 4 2 6 L ia b ilitie s . Due depositors on 21,779 accounts, averaging $489.96 each . . . . (Accounts opened during year, 2,989; closed, 1,936; increase, 1,053) Surplus: — a. Guaranty fund (4-92% of deposits; increase during year, $25,000) . b. Profit and loss (increase during year, $18,922.16) . . . . . Current income: — Interest . . . . . . . . . . . . Suspense account . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . $10,670,891 79 . . 525,000 00 368,953 99 . . 148,793 57 324 91 . $ 1 1 ,7 1 3 ,9 6 4 26 77 B AN K COMMISSIONER. No. 8.] T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a xes. Total. Rent. Advertising. Other Expenses. State Tax (Net). Salaries. $5,295.63 $44,271.33 Amount paid for $17,950.38 $19,207.72 $1,500.00 $317.60 .45 3.78 Cost per $1,000 of assets 1.53 1.64 .13 . 03 2.12 Cost per $1,000 of assets not including State tax and rent . pross income received during the year, $522,793.49. K a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 4 % ). Real estate loans (average rate, 4.84 per cent.): 4%, $725,000; 4)4% , $414,356.14; 4%%, $216,000; 5%, $4,931,784.16; 5)4% , $8,175; 6%, $1,275. Personal loans (average rate, 5.03 per cent.): 4)4% , $9,315.25; 4M%, $1,500; 5%, $1,131,783.92; 5)4%, $29,375; 6%, $25,200. Bonds, stocks, etc. (average rate on amounts invested, 4.51 per cent.): 33^%, $225,000; 3.83%, $30,525; 4%, $2,509,000; 4M%. $50,000; 4 ^ % , $370,000; 5%, $769,500; 12%, $26,500. 6%, $56,700; 8%, $129,300; Number of loans not over $3,000 each, 504, amounting to $697,181.41. 136 real estate loans made during year, amounting to $1,516,810. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $192,357 72 199,641 07 1,653,362 82 Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 27,073, amounting to Number of withdrawals during year, 17,636, amounting to Net increase in amount due depositors . . . . . . . . . $2,045,361 61 1,287,283 73 . . . $758,077 88 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $220,000 Boston 4s 50.000 Boston 4Ms 40.000 Fall River 4s 100.000 Lawrence 4s 70.000 Lynn 4s 35.000 Omaha, Neb., 4)4& Railroad Bonds. $25,000 Atch., Top. & Sante F6 4s 175.000 Baltimore & Ohio 5s 59.000 Boston & Lowell 4s 100.000 Boston & Maine 3Hs 30.000 Boston & Maine 4s 60.000 Boston & Maine 4)^s 100.000 C., B. & Q. 4s 40.000 Chic., Mil. & St. Paul 4s 100.000 Chic., Mil. & St. Paul 5s 75.000 Chicago & North. 4s 100.000 Chic., R. I. & Pac. 4s 25.000 Cleveland Short Line 4>4s D ates op Par Value. $100,000 Concord & Montreal 4s 50,000 Conn. & Pass. Rivers 4s 166.000 Fitchburg 5s 100.000 Illinois Central 4s 100.000 Kal., Alleg. & G. Rap. 5s 80.000 Louisville & Nashville 5s 100.000 Maine Central 4)4s 75.000 Min., St. P. &Sit. St. M. 4s 50.000 Mobile & Ohio 6s 25.000 N. Y. C. & H. R. 4s 125.000 N. Y„ N. H. & H. 3V& 200.000 N. Y., N. H. & H. 4s 100.000 Norwich & Worcester 4s 5,000 Old Colony 4s 50.000 Pennsylvania 4)4s 100.000 Portland Terminal Co. 4s 100.000 Sullivan County 4s S treet Railway Bonds. $225,000 Boston Elevated 4s 50.000 Boston Elevated 4p^s 100.000 Boston & Northern 4s E xam ination , September 25-28. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $50,000 Lynn & Boston 5s 75.000 Old Colony 4s 50.000 Springfield 4s 150,000 West End 4s 50.000 Worcester Con. 4)4s Bank Stocks. Shs. 124 Boylston Nl. Bk., Boston 53 Fourth-Atlantic Nl. Bk., 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 REPO RT OF TH E [Pub. Doc. CLINTON SAVINGS BANK, CLINTON. 79 Incorporated May 15, 1851. H IG H STREET. Number of corporators, 32; number of trustees, 16. E li F obbes , President. C. L. S. H ammond , Treasurer. W illiam H amilton , Clerk of the Corporation. Board of Trustees: W. L. B ancroft , W. P. B owers , G. A. B row n , C. W. F ield , E li F orbes , J. W . F orrester , E. S. F uller , W. H. G ibb s , J. J. G oodwin , W illiam H amilton , C. L. S. H ammond , J. A. M cQ uaid , G. F. M orse , G. P. T aylor , B ayard T hayer , J. E. T hayer . Board of Investment: E li F orbes , G. P. T aylo r , J. E . T hayer , E. S. F u ller , W. P. B o w e r s , G. F. M orse . Auditing Committee: G. A. B r o w n , J. A. M cQuaid , J. J. G oodwin . Deposits draw interest from second Monday of January, April, July and October; dividends are pay able the second Monday 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 462 loans on real estate (average of each, $2,272.80) . 62 loans on personal security . . . . . Furniture and fixtures . . . . . . . Real estate by foreclosure, etc. (assessed value, $26,500) Taxes, insurance, etc., paid on mortgaged properties Premium account . . . . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $738,845 05 569,756 25 102,000 00 67,200 55,655 49,500 1,926 1,050,031 1,012,799 00 00 00 93 95 50 1,000 00 23,575 90 854 15 10,000 00 157,984 47 31,920 52 . . $ 3,8 73 ,0 4 9 72 L i a b ilit ie s . Due depositors on 8,581 accounts, averaging $425.84 each . . . . . (Accounts opened during year, 1,060; closed, 766; increase, 294) Surplus: — o. Guaranty fund (4-93% of deposits; increase during year, $9,538.68) . . . b. Profit and loss (decrease during year, $3,706.75) . . . . . . Current income: — Interest . . . . . . . . . . $5,570 99 Less current expenses not charged off . . . . 205 53 --------------------- $3,654,124 38 . $3,873,049 72 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 180,274 68 33,285 20 5,365 46 79 BANK COMMISSIONER. No. 8. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $9,176.83 $6,845.50 $1,000.00 $23.62 $1,560.20 $18,606.15 Cost per $1,000 of assets 2.37 1.77 .26 .01 .40 4.81 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.18 Gross income received during the year, $165,700.85. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .4 3 % ). Real estate loans (average rate, 5 per cent.): 4%, $16,525; 4J^%, $26,515; 5%, $979,978.95; 6%, $27,013. Personal loans (average rate, 4.32 per cent.): 3J^%, $10,000; 4%, $199,700; 4y % , $25,000; 4y %, $501,000 ; 4*3%, $210,000; 5%, $41,449.50; 6%, $25,650. Bonds, stocks, etc. (average rate on amounts invested, 4.12 per cent.): 3)^%, $249,000 ; 4%, $918,000; 4\i%, $9,000; m % , $218,900; 5%, $182,050; 6%, $4,000; 7%, $10,500. Number of loans not over $3,000 each, 360, amounting to $429,831.45. 31 real estate loans made during year, amounting to $59,490. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% . . . . . Oct., 1916, 2 % ....................................... Number of deposits during year, 8,949, amounting t o ................................................. Number of withdrawals during year, 5,452, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $10,000 California 4s 50.000 Massachusetts 4s 10.000 New York State 4U>s 10.000 Essex Co. 4s 5.000 Boston zy2a 74.000 Boston 4s 10.000 Buffalo, N. Y., 4^s 20.000 Cambridge 4s 10.000 Canton, Ohio, 5s 14.000 Chicago, 111., 4s 25.000 Cleveland, 0., 4)^s 5.000 Cleveland, 0., 5s 10.000 Detroit, Mich., 4s 20.000 Fall River zy2a 26.000 Fall River 4s 3.000 Gloucester 4s 20.000 Hartford, Conn., 4)^s 18.000 Haverhill 4s 5.000 Los Angeles, Cal., 4Ks 10.000 Lowell 4s 9.000 Lynn 4Ms 20.000 Minneapolis, Minn., 4s 11.000 New Bedford 4s 22.000 New Bedford 4Y2s 5.000 Newburyport 3J^s 10.000 Pittsfield 4s 2.000 Portland, Ore., 4s 10.000 Portland, Ore., 4)^8 5.000 Rockville, Conn., 4s 5.000 Saginaw, Mich., 4s 20.000 Seattle, Wash., 5s 10.000 San Francisco, Cal, 5s 3,400 Troy, N. Y., AlAß . OF . . S E C U R IT IE S . . P u b lic F u n d s , N o te s . $49,000 Clinton 4s 10.500 Lancaster 4s 4.500 Sterling 4s 3.500 Sterling 4his 3,050 Sterling 5s 18,000 Walpole 4s R a ilr o a d B o n d s. $4,000 Bangor & Aroostook 5s 18.000 Boston & Albany 3Ks 45.000 Boston & Albany 4s 10.000 Boston & Albany 5s 10.000 Boston & Lowell 4J^s 65.000 Boston & Maine 4s 20.000 c ., b . & q . zy2& 10.000 Chic., Mil. & St. Paul 5s 10.000 Chic. & North. 3J^s . . . . . $700,330 27 485,782 71 . $214,547 56 OW NED. Par Value. $15,000 Wilkes-Barre, Pa., 4)^s 15.000 Woonsocket, R. I., 4J^s 10.000 Worcester 4s 6.000 Athol 4s 15.000 Belmont 4s 15.000 Brookline 4s 8.000 Clinton 3J-£s 28.000 Clinton 4s 10.000 Framingham 4s 5.000 Warwick, R. I., 13.000 Watertown 4s 20.000 Kennebec, Me. (W. D.), 3Lf>s 5.000 Mansfield (W. D.), 4s D a t e s of E x a m in a t io n , March 22-24 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $66,806 88 68,888 54 564,634 85 Par Value. $53,000 Fitchburg 4s 5.000 Fitchburg 4J^s 13.000 Illinois Central 3)^s 20.000 Illinois Central 4s 25.000 L. S. & Mich. South. Zy2s 5.000 Lake Shore & Mich. So. 4s 20.000 Louisville & Nashville 5s 10.000 Maine Central P/zS 15.000 Michigan Central 3)4s 15.000 Mil., L. S. & W. 5s 20.000 N. Y. C. & H. R. zy2s 5.000 N. Y„ N. H. & H. 3J^s 60.000 N. Y„ N. H. & H. 4s 61.000 Old Colony 4s 15.000 Pennsylvania 4s 10.000 Pennsylvania 4)^s 20.000 Portland Terminal Co. 4s 10.000 Upper Coos 4L£s S tr e e t R a ilw a y B o n d s . $32,000 Boston Elevated 4s 20.000 Boston Elevated 4L£s 10.000 Boston Elevated 5s 10.000 Brockton 5s 10.000 West End 4L£s 20.000 West End 5s B a n k S to c k s. Shs. 55 Webster & Atlas Nl. Bk., Boston 350 First Nl. Bk., Clinton 40 Fitchburg Bank and Trust Co. 50 First Nl. Bk., New Bedford [Pub. Doc. REPO RT OF TH E 80 COHASSET SAVINGS BANK, COHASSET. CORNER ELM Incorporated February 28, 1845. AND BROOK STREETS. Number of corporators, 34; 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 b 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 g r a m , D. N . T o w e r , N . B . T o w e r , R. B. T o w e r , E . P . W e n t w o r t h . Board of Investment: C . W . G a m m o n s , D. N. T o w e r , H. I.. B r o w n , O. H. H o w e . 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 Wednesday after the first Tuesday of January and July. Business hours: 8.30 a .m . to 12 m .; 1 to 4 p .m .; Saturdays, 8.30 a .m . to 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1316. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . 383 loans on real estate (average of each, $2,140.73) . Less amount due on uncompleted loans . . . . . . . . . . . . $820,546 67 . 645 00 --------------------20 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $15,000; assessed value, $11,000) . . Real estate by foreclosure, etc. (assessed value, $16,300) . . . . . . Suspense account . . . . . . . . . . . . Revenue stamps . . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T otal A . . . . . . . . . . . . . . . . . . . . $66,075 00 183,348 75 97,407 50 18,502 70 819,901 67 99,100 00 10,000 00 10,541 43 3 32 16 69 21,305 76 6,417 77 s s e t s ...............................................$1,332,620 59 L ia b i l i t i e s . $1,194,257 66 Due depositors on 2,813 accounts, averaging $424.55 each (Accounts opened during year, 250; closed, 161; increase, 89) Surplus: — a. Guaranty fund (4-89% of deposits; increase during year, $1,070) b. Profit and loss (increase during year, $8,885.05) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . . . $20,576 32 1,707 85 18,868 47 85 00 553 90 Unearned discount Suspense account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 58,385 68 60,469 88 T o t a l L ia b ilitie s . . . . . $1,332,620 59 No. 8.] 81 BAN K COMMISSIONER. T o t a l E x p en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,564.16 $2,646.00 $250.00 $74.40 $1,319.79 $5,854.35 Cost per $1,000 of assets 1.17 1.98 .19 .05 .99 4.38 Cost per $1,000 of assets not including State tax and rent . 3.02 Gross income received during the year, $62,720.24. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 6 % ). Real estate loans (average rate, 5.24 per cent.): 4J^%, $5,000; 5%, $577,068; 5J^%, $77,820.03; 6%, $160,013.64. Personal loans (average rate, 4.16 per cent.): 4J4%, $10,000 ; 4J^%, $50,000; 5%, $12,000; 5J^%, $11,000; 6%, $4,000. Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3%, $15,000; 3%%, $61,000; 4%, $236,000; 4H%, $12,000; 5%, $56,000. Number of loans not over $3,000 each, 310, amounting to $362,102.67. 38 real estate loans made during year, amounting to $49,627. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 2,599, amounting to . . . . Number of withdrawals during year, 2,190, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $15,000 Massachusetts 4s 15.000 Boston 4s 10.000 Lawrence 4s 6.000 New Bedford 4s 5.000 Omaha, Neb., 4J^s 5.000 Shrewsbury 4s P u b lic F u n d s , N o te s . $10,000 Agawam 4s R a ilr o a d B o n d s. $10,000 Atch., Top. & Santa Fé 4s 10.000 Baltimore & Ohio 3)^s 10.000 Bangor & Aroostook 5s . . . . O F S E C U R IT IE S . . . . . . . . . . . . . . . . $22,507 69 22,625 44 141,380 65 . $186,513 78 157,702 88 . $28,810 90 OW NED. S tr e e t R a ilw a y B o n d s . Par Value. $15,000 Boston & Albany 5s Par Value. 4.000 Boston & Lowell 3J^s $25,000 Boston Elevated 4s 25.000 C., B. & Q. 3^s 20,000 Boston & Northern 4s 2.000 Chic., Mil. & St. Paul 4Hs 4.000 Boston & Revere 5s 5.000 Conn. & Pass. Rivers 4s 5.000 Holyoke 5s 20.000 Fitchburg 4s 1.000 N. Bed., Middle. & Brock. 5s 17.000 Illinois Central 3b£s . 10.000 Old Colony 4s 5.000 Minn., St. P. & Sit. St. M. 4s 10.000 Springfield 4s 5.000 Minn., St. P. & Sit. St. M. 5s 1.000 Uxbridge & Blackstone 5s 10.000 N. Y., N. H. & H. 3^s 20.000 West End 4s 10.000 N. Y., N. H. & H. 4s 5.000 Worcester & Southbridge 4^23 15.000 North. Me. Seaport 5s 15.000 Northern Pacific 3s 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 , June 8 -1 4 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . \ 82 REPO RT OF THE [Pub. Doc. COLUMBUS SAVINGS BANK, BOSTON. 417 H A N O V E R Incorporated March 25, 1908. STREET. Number of corporators, 18; number of trustees, 11. J o h 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. S t 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, May, August and November; dividends are pay able May 1 and November 1. Business hours: 9 a .m . to 3 p .m .; also Mondays and Saturdays, for deposits only, 6 to 8 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . 32 loans on real estate (average of each, $2,357.03) . 2 loans on personal security . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . T o t a l A s s e ts $3,356 75,425 7,500 14,822 4,986 95 00 00 35 59 $106,090 89 L ia b ilitie s . Due depositors on 382 accounts, averaging $272.62 each . {Accounts opened during year, H 7; closed, 64; increase, 83) Surplus: — a. Guaranty fund {.88% of deposits; increase during year, $235.88) b. Profit and loss {increase during year, $127.94) $104,140 24 914 03 1,036 62 T o t a l L i a b i l i t i e s ...............................................$106,090 89 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Amount paid for $87.34 Cost per $1,000 of assets .82 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $4,099.28. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. $111.15 $324.36 1.05 3.06 ' Total. $522.85 4.93 4.11 No. 8.] BANK COMMISSIONER, 83 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 5 .0 6 % ). Real estate loans (average rate, 5.12 per cent.): 5%, $64,825; 5J^%, $2,600; 6%, $8,000. Personal loans (average rate, 5 per cent.): 5%, $7,500. Bonds, stocks, etc. (average rate on amounts invested, 3.87 per cent.): 3J^%, $2,000; 4%, $1,500. Number of loans not over $3,000 each, 22, amounting to $32,950. 6 real estate loans made during year, amounting to $20,850. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 948, amounting to . $52,690 99 32,594 82 ................................................. $20,096 17 Number of withdrawals during year, 507, amounting to . Net increase in amount due depositors SCHEDULE . OF . $1,508 29 1,704 26 49,478 44 . S E C U R IT IE S P u b lic F u n d s , B o n d s . Par Value. $1,000 Boston 3J^s 1.000 Newton 3p£s 500 Medford 4s 1.000 Portland, Ore., 4s D a t e op E x a m in a t io n , June 2. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . OW NED. . . 84 REPO RT OF THE [Pub. Doc. COMMONWEALTH SAVINGS BANK, LYNN. 325 U N IO N Incorporated March 28, 1900. STREET. Number of corporators, 36; number of trustees, 18. W illiam M . N y e , Clerk of the Corporation. Board of Trustees: G G.. H. A l l e n , C. N . B a r n e y , E. M. 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 as C a m p b e l l , 2d, F . J. F a u l k n e r , C . L . G r e e n , F r a n k H il l ia r d , F . N . H oyt, W W.. M M.. L ib b e y , W. S. L ib b e y , W. B B.. L it t l e f ie l d , P P.. B B.. M a g r a n e , W. M. N y e , J. G G.. P in k h a m , G . T . T il l . Board of Investment: W. M. L i b b 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 ibb ey , F. N. H oyt . * Deposits draw interest from first Wednesday of March, June, September and December; dividends are payable the day following the first Wednesday of June and December. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 3 to 6 p .m . STATEM ENT OF C O N D I T I O N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 240 loans on real estate (average of each, S3,854-60) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $927,586 36 2,482 50 $44,860 133,382 38,740 13,552 5,100 00 60 00 50 00 ------------------------- 925,103 86 91 loans on personal security . . . . . . . . . . Real estate by foreclosure, etc. (assessed value, $3,750) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . ■ 9. . Premium account . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ........................................................................................................................................ 146,801 63 6,314 33 143 15 5,600 49 8,522 32 3,063 09 T otal A s s e t s ...............................................$1,331,183 87 L ia b ilitie s . Due depositors on 3,002 accounts, averaging $428.06 each . . . . . (Accounts opened during year, 437; closed, 309; increase, 118) Surplus: — a. Guaranty fund (3.61% of deposits; increase during year, $4,000) . . . b. Profit and loss (increase during year, $1,165.53) . . . . . . Current income: — Interest . . . . . . . . . . $10,577 66 Less current expenses not charged off . . . . 2,548 62 --------------------- $1,285,051 71 33,600 00 4,503 12 8,029 04 T o t a l L i a b i l i t i e s ...............................................$1,331,183 87 * Third member has recently died. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis New one to be elected in January. BAN K COMMISSIONER. No. 8. 85 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for SI,601.88 $3,608.96 $1,416.75 $634.90 $1,056.46 $8,318.95 Cost per $1,000 of assets 1.20 2.71 1.06 .48 .79 5.24 Cost per $1,000 of assets not including State tax and rent . 3.98 Gross income received during the year, $63,255.27. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .0 3 % ). Real estate loans (average rate, 5.24 per cent.): 5%, $527,951.36; 5J^%, $8,850; 5j^%, $333,357.50; 6%, $54,945. Personal loans (average rate, 4.85 per cent.): 4J^%, $59,231; 5%, $74,380.63; 5J^%, $10,190; 6%, $3,000. Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3J^%, $16,000; 4%, $127,000; 4y2% , $25,000; 5%, $65,000; 6%, $500; 8%, $4,600. Number of loans not over $3,000 each, 230, amounting to $283,168.11. 33 real estate loans made during year, amounting to $196,600. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2 % Number of deposits during year, 3,929, amounting to . . . . . . ....................................... . . . . Number of withdrawals during year, 2,816, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s , B o n d s. Par Value. $3,000 Augusta, Me., 4s 5.000 Beverly 4s 1.000 Boston 3Hs 10.000 Boston 4s P u b lic F u n d s , N o te s . $26,000 Lynn 4s R a ilr o a d B o n d s . 36.000 Aroostook Northern 5s 10.000 Baltimore & Ohio 5s 5.000 Bangor & Aroostook 5s D ates op . OF . . S E C U R IT IE S . . . . . . . $317,870 13 221,539 25 . $96,330 88 OW NED. Par Value. $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 3}4s 6.000 Louisville & Nash. 4s 15.000 Maine Central 4)^s 5.000 Mich. Cen.-Jol. & No. Ind. 4s 5.000 N. Y., N. H. & H. 3^s 20.000 N. Y., N. H. & H. 4s 5.000 No. Maine Seaport 5s 5.000 Pennsylvania 4)/£s 5.000 Washington Co. 3)^s E xam ination , April 17, 18. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $22,875 67 23,679 51 271,314 95 S tr e e t R a ilw a y B o n d s, Par Value. $5,000 Boston Elevated 4J--2S 12.000 Boston Elevated 5s 12.000 Lynn & Boston 5s 10.000 West End 5s B a n k S to c k s. Shs. 20 Commercial Nl. Bk., Boston 5 Peoples Nl. Bk., Boston 26 Manufacturers Nl. Bk., Lynn 86 REPO RT OF THE [Pub. Doc. CONWAY SAVINGS BANK, CONWAY. M A IN STREET. Incorporated March 10, 1887. Number of corporators, 21; number of trustees, 12. A . P . D elabarre , President. A . C. G uilford , Treasurer. C hables P arsons , Clerk of the Corporation. Board o f Trustees: M a x A ntes , V. D . B ard w e ll , C. L. B otden , A. P. D elabarre , C . F. E lmer , A . C. G uilford , C . L. H assell , A . G . H owes , J. B. P ackard , C harles P arsons , A . J. P atter son , H . D . P ea se . Board of Investment: J. B. P ackard , H. D. P ease , A . P. D elabarre , C. F. E lmer , C. L. B oyden . Auditing Committee: C harles P arsons , C. F. E lmer , C. L. H assell . Deposits draw interest from first day of February, May, August and November; dividends are pay able May 1 and November 1. Business hours; 10 a .m . to 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . 179 loans on real estate (average of each, $1,717.16) . . 17 loans on personal security . . . . . Furniture and fixtures . . . . . . . Real estate by foreclosure, etc. (assessed value, $1,000) . Deposits in national banks or trust companies . . Cash . . . . . . . . . . T otal A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,900 58,660 34,109 5.000 8,385 3,300 307,371 31,630 300 00 00 00 00 00 00 90 00 00 1.000 00 22,526 70 2,742 27 s s e t s ...............................................$481,924 87 L ia b ilitie s . Due depositors on 1,197 accounts, averaging $379.51 each (Accounts opened during year, 102; closed, 99; increase, 3) Surplus: — o. Guaranty fund (4.59% of deposits; increase during year, $1,120) b. Profit and loss (increase during year, $397.35) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o ta l L ia b ilitie s . $454,277 59 20,840 00 6,807 28 $481,924 87 BAN K COMMISSIONER, No. 8. 87 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses Amount paid for $612.96 $800.00 $200.00 $17.50 $272.49 Cost per $1,000 of assets 1.27 1.66 .41 .04 .56 Cost per $1,000 of assets not including State tax and rent . . . . . . Total. $1,902.95 3.94 2.26 Gross income received during the year, $21,432.32. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 7 % ). Real estate loans (average rate, 5.06 per cent.): 5%, $288,025; 6%, $19,346.90. Personal loans (average rate, 4.95 per cent.): 5%, $28,875; 6%, $2,055. Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3}4%, $14,000; 4%, $66,400; 4 ^ % , $5,000; 5%, $31,500 ; 6%, $1,600. Number of loans not over $3,000 each, 173, amounting to $239,501.90. 18 real estate loans made during year, amounting to $26,450. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: May, 1916, 2% Nov., 1916, 2 % Number of deposits during year, 847, amounting to . . Number of withdrawals during year, 541, amounting to . Net increase in amount due depositors SCH EDU LE P u b lic F u n d s , B o n d s. Par Value. $1,000 Newton 4s P u b lic F u n d s , N o te s . $2,400 Conway 4s 3,500 Conway 5s R a ilr o a d B o n d s . $5,000 Baltimore & Ohio 5s 6.000 Bangor & Aroostook 58 2.000 Boston & Maine 3Ms D ates oe E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and . . . . . . . . $8,566 97 ....................................... 8,615 10 . . . . 48,640 05 . . O F S E C U R IT IE S . . . . . . . . $65,822 12 52,930 68 $12,891 44 OW NED. Par Value. $5,000 Boston & Maine 4s 2.000 C., B. & Q. 3V2s 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 3l^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 A udit , September 20-22 inclusive. S tr e e t R a ilw a y B o n d s . Par Value. $5,000 Boston Elevated 4J^s 10.000 Boston Elevated 5s 10.000 Boston & Northern 4s 6.000 Mystic Valley 5s 5.000 Old Colony 4s B a n k S to c k s. Shs. 17 Conway Nl. Bk. 10 City Nl. Bk., Holyoke 6 North Adams Nl. Bk. 88 REPO RT OF TH E [Pub. Doc, COUNTY SAVINGS BANK, CHELSEA. 435 B R O A D W A Y . Incorporated February 27, 1890. Number of corporators, 122; number of trustees, 34. A lbert D . B osson, President. W alter S. F racker , Treasurer. E ben H utchinson , Clerk of the Corporation. Board of Trustees: H . P. A bbott , T. A . A ddison, G. H. A kins , A. B. A twood , A. D. B osson, C amp bell B osson , P rescott C hamberlain , F. A. C heney , D . J. C oburn , F. F. C ook , F. E. C o x , J. M . C urley , T. F. D riscoll , V. A. F ield , W. S. F racker , C. W. F reeman , T. B. F rost , A. E . G ates , G. B. G uild , W. S. H ixon , W illard H owland , E ben H utchinson , C. E. L egg , E. H . L ow ell , G. W. M oses, D . A. O’ B rie n , R oscoe P ie r c e , F. A . P itcher , E. W. R oberts , S. H . R obie , D. H . Sulliv an , G. A . T apley , C. A. W ar ren , R . S. W entworth . Board of Investment: A . D. B osson, V. A . F ield , W . S. H ixon , D. A . O’B rie n , R . S. "Wentworth . Auditing Committee: P rescott C hamberlain , T. B. F rost , G. A. T apley . Deposits draw interest from third Saturday of January, April, July and October; dividends are pay able the Monday 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. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . 733 loans on real estate (average of each, $1,969.58) . . . . . . 44 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 . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . . . . $340,099 20 282,965 02 133,548 92 22,931 25 24,946 25 81,568 63 1 00 1,443,665 61 345,050 00 39,000 00 74,742 12 1,689 04 $2,790,207 04 L ia b ilit ie s . Due depositors on 8,553 accounts, averaging $298.40 each (Accounts opened during year, 1,785; closed, 880; increase, 955) Surplus: —• a. Guaranty fund (4.98% of deposits; increase during year, $9,000) b. Profit and loss (increase during year, $12,129.26) . Current income: — a. Interest . . . . . . . $1,653 92 b. R e n t .......................................................... 43 29 Less current expenses not charged off . $2,552,235 52 127,000 00 110,014 31 $1,697 21 740 00 -------------- 957 21 T o t a l L i a b i l i t i e s ...............................................$2,790,207 04 T o t a l E xp en ses fo r th e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Amount paid for $3,190.34 $7,975.00 Cost per $1,000 of assets 1.14 2.86 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $131,421.68. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. Total. $192.89 $2,561.79 $13,920.02 .07 .92 4.99 3.85 No. 8.] BANK COMMISSIONER. 89 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .0 2 % ). Real estate loans (average rate, 5.62 per cent.): 4%, $4,225; 4J^%, $55,000; 5%, $347,585; $17,625; 5H%. $184,247.11; 6%, $834,983.50. Personal loans (average rate, 4.66 per cent.): 4)4%, $82,600 ; 4J^%, $141,270 ; 4%%, $25,000; 5%, $60,555; 5V2%, $24,200; 6%, $11,425. Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3%, $54,000; 3.40%, $15,000; 3]4%, $162,650; 3.65%, $5,000; 3.73%, $2,000; 3M%, $8,000; 3.85%, $10,000; 4%, $395,220; 4M%, $2,500 ; 4M%, $135,400; 5%, $64,100; 6%, $22,762.50; 7%, $4,500; 8%, $12,150; 10%, $1,500; 12% , $ 1,200 . Number of loans not over $3,000 each, 663, amounting to $943,867.33. 82 real estate loans made during year, amounting to $51,975. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 17,299, amounting to . . Number of withdrawals during year, 8,719, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s, B o n d s. Par Value. $21,000 Massachusetts 3s 20.000 Massachusetts 3)4b 14,900 Massachusetts 4s 1.000 Bristol County 4s 1.000 Allegheny, Pa., 3%b 15.000 Boston 4s 1,050 Brockton 3J^s 4.000 Brockton 4s 1.000 Cambridge 4J^s 1.000 Cedar Rapids, Iowa, 6s 4.000 Chelsea 3J^s 5.000 Chelsea 4s 20.000 Chelsea 4}4a 10.000 Chicago, 111., 4s 3.000 Everett 4s 1.000 Fall River 4s 12.000 Flint, Mich., 4}4s 5.000 Grand Rapids, Mich., 4}^s 500 Hyde Park 4s 5.000 Los Angeles, Cal., 3%s 5.000 Malden 4s 3.000 New Bedford 4s 5.000 Omaha, Neb., 4)^s 3.000 Portland, Ore., 4s 1.000 Quincy 3.65% 2.000 Salem 4s 10.000 Sioux City, Iowa, 4^8 5.000 South Norwalk, Conn., 4s 5.000 Taunton 4s 1.000 Worcester 3^8 5.000 Yonkers, N. Y., 4}4a 19.000 Gardner 4s 1,200 Longmeadow 4}^s 3.000 Marblehead 4s 4.000 North Andover 4s 3.000 Warren, R. I., 4s 2.000 Wellesley 4s 1.000 Westfield 4s P u b lic F u n d s , N o te s . $3,000 Revere 3%a 10.000 Revere 3.85% 13,500 Revere 4s 1.000 Acushnet 5s 1.000 Barnstable 3}^s 15.000 Barre 3.40% 1.000 Dighton 4s D ates of . . . . O F ■S E C U R I T I E S P$2r,500 Dighton 4^a 1.000 Dighton 5s 2.000 Foxborough 3.73% 2.500 Holbrook 4s 10.000 Hull 3V2s 7,200 Hull 4s 1.700 Methuen 4s 4.000 Norwood 4s 9.700 Oak Bluffs 4}^s 4.500 Sandwich 4s 6.000 Sandwich 4J^s 1.500 Saugus 4s 4.000 Shelburne 3.65% 7.000 Walpole 4s 220 Ware 4s 562 West Brookfield 6s 8.500 Blandford (F.D.) 4J^s R a ilr o a d B o n d s . $7,000 Baltimore & Ohio 3y¡s 10.000 Baltimore & Ohio 4y2s 12.000 Boston & Albany 3y2a 13.000 Boston & Albany 4s 5.000 Boston & Albany 5s 4.000 Boston & Lowell 3}4a 3.000 Boston & Lowell 4s 5.000 Boston & Maine 3s 2.000 Boston & Maine 3ys 5.000 Boston & Maine 4s 5.000 Boston & Maine 4y,s 1.000 Boston & Providence 4s 10.000 Chi., Burl. & Quincy 3bás 10,200 Chi., Burl. & Quincy 4s 5.000 Chi., Mil. & St. Paul 4J/£s 10.000 Chi. & Northwestern 4s 6.000 Chi. & Northwestern 5s 20.000 Concord & Montreal 4s 10.000 Conn. River 3J^s 7.000 Fitchburg 4s’ 28.000 Illinois Cent. 3s 5.000 Illinois Cent. 3J^s 5.000 Illinois Cent. 4s 5.000 Louisville & Nashville 4s 11.000 Michigan Cent. 3}4a 5.000 N. Y. C. & H. R. 3^s 12.000 N. Y., N. H. & H. 3 y S 32.000 N. Y., N. H. & H. 4s 11.000 Old Colony 3y¡a 9.000 Old Colony 4s E xam ination , January 31-February 1. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . ....................................... . . . . . . . . . $44,551 74 47,070 90 649,260 79 . $740,883 43 502,641 76 . $238,241 67 OW NED. Par Value. $4,000 Peoria & Northwestern 3j4a 10.000 Portland Terminal Co. 4s 1.000 Providence Terminal Co. 4s 5.000 Upper Coos 4s 6.000 Washington County 3J^s S tr e e t R a ilw a y B o n d s . $20,000 Boston Elevated 4s 20.000 Boston Elevated 4}^s 25.000 Boston & Northern 4s 1.000 East Middlesex 4s 4.000 Glouc., Essex & Bev. 5s 3.000 Lowell, Law. & Hav. 5s 17.000 Lynn & Boston 5s 5.000 Springfield 4s 3.000 Uxbridge & Blackstone 5s 25.000 West End 4s 7.000 West End 4y>s 3.000 Worcester & Clinton 5s 5.000 Worcester Consol. 4J^s B a n k S to c k s. Shs. 20 Beverly Nl. Bk. 30 Boylston Nl. Bk., Boston 10 Merchants Nl. Bk., Boston 10 Metropolitan Tr. Co., Boston 25 Nl. Union Bk., Boston 5 Old Boston Nl. Bk., Boston 12 Second Nl. Bk., Boston 20 Webster & Atlas Nl. Bk., Boston 125 Chelsea Tr. Co., Chelsea 25 Danvers Nl. Bk. 25 Dedham Nl. Bk. 7 Fitchburg Bk. & Tr. Co. 5 Gloucester S. D. & Tr. Co. 30 City Nl. Bk., Holyoke 41 Appleton Nl. Bk., Lowell 60 Old Lowell NL Bk., Lowell 10 Union Nl. Bk., Lowell 50 Wamesit Nl. Bk., Lowell 1 Blue Hill Nl. Bk., Milton 25 First Nl. Bk., Newburyport 25 Warren Nl. Bk., Peabody 15 First Nl. Bk., Portsmouth, N. H. 41 Merchants Nl. Bk., Salem 15 Naumkeag Tr. Co., Salem 20 Chicopee Nl. Bk., Springfield 10 First Nl. Bk., W. Newton 90 REPO RT OF THE [Pub. Doc. CROCKER INSTITUTION FOR SAVINGS, TURNERS FALLS. 40 Incorporated April 3, 1869. SECOND STREET. Number of corporators, 43; number of trustees, 17. J oseph F. B ahtlett , President. N orman P . F a r w ell , Treasurer. C harles R. Stoughton , Clerk of the Corporation. Board of Trustees: J. F. B artlett , E. L. B ar tlett , H. D. B ard we ll , H. B. B arton , A. C. B urn ham , N. P. F a r w ell , P orter F ar w ell , W. H. P. G ilmore , E. L. G oddard , G. H. G oddard , J. A. G unn , H. M. H arlow , J. J. L e a ry , F. H. M ontague , A. R. Smith , G eorge S tarbuck , C. R. Stoughton . Board of Investment: J. A. G u n n , E. L. G oddard , J. J. L e a ry . Auditing Committee: C. R. Stoughton , W. H. P. G ilmore , 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. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 415 loans on real estate (average of each, $8,438.98) . . . . . . 84 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $43,000; assessed value, $25,000) Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . $184,961 75 345,955 30 104,968 75 35,102 50 7,500 00 1,427,177 00 176,650 00 40,000 00 44,204 27 5,988 32 . $2,372,507 89 . . . . . . . . L ia b ilitie s . Due depositors on 5,013 accounts, averaging $441.33 each (Accounts opened during year, 563; closed, 393; increase, 170) Surplus: — a. Guaranty fund (4-90% of deposits; increase during year, $4,000) h. Profit and loss (.increase during year, $10,740.85) . Current income: — a. Interest . . . . . . . $12,069 58 b. R e n t .......................................................... 499 53 Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $2,212,375 77 108,500 00 41,445 61 $12,569 11 2,382 60 ---------------- 10,186 51 . $2,372,507 89 BANK COMMISSIONER, No. 8. 91 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,276.75 $4,691.06 $400.00 $135.15 $991.04 $9,494.00 Cost per $1,000 of assets 1.38 1.98 .17 .06 .42 4.01 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.46 Gross income received during the year, $107,411.70. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 1 % ). Real estate loans (average rate, 5 per cent.): 5%, $1,427,177. Personal loans (average rate, 5.15 per cent.): 5%, $121,725; 534%. $54,925. Bonds, stocks, etc. (average rate on amounts invested, 4.31 per cent.): 3%, $10,000; 314%, $59,000; 4%, $355,200; 4)4%, $20,000; 4)4%, $150,500; 5%, $91,000; 7%, $7,500. Number of loans not over $3,000 each, 420, amounting to $396,807. 30 real estate loans made during year, amounting to $139,750. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 4,773, amounting to $40,541 25 41,932 77 321,524 82 Number of withdrawals during year, 2,799, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s , B o n d s. . . S E C U R IT IE S P u b lic F u n d s , N o te s . and . . . . . . $403,998 84 267,769 92 . $136,228 92 OW NED. Par Value. $15,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4)4s 25.000 Baltimore & Ohio 5s 49.000 Boston & Maine 4s 10.000 Boston & Maine 4)4s 3.000 C., B. & Q. 3)4s 30.000 C., B. & Q. 4s 10.000 Chic., Mil. & St. Paul 4)4s 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 434s 15.000 Fitchburg 5s 10.000 Illinois Central 3s 16.000 Illinois Central 334s 15.000 Illinois Central 4s 10.000 Louisville & Nashville 5s 5.000 N. Y„ N. H. & H. 3)4a 35.000 N. Y., N. H. & H. 4« $6,000 Gill 4s 2,500 Gill 4)4s 10,200 Montague 4s 10.000 Turners Falls (F. D.) 4)4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF . . R a ilr o a d B o n d s . Par Value. $15,000 State of California 4s 25.000 Boston 3)4s 5.000 Buffalo, N. Y., 4s 20.000 Cleveland, 0., 434s 20.000 Fall River 4s 15.000 Fitchburg 4s 10.000 Los Angeles, Cal., 4)4s 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 4.000 Montague 4s 10.000 Peabody 334a D ates or E xamination . . Par Value. $10,000 No. Maine Seaport 5s 15.000 Northern Pacific 4J4s 13.000 Old Colony 4s 10.000 Vermont Valley 434s 5.000 Worcester, Nash. & R. 4s S tr e e t Railway Bonds. $10,000 Boston Elevated 4s 40.000 Boston Elevated 4)4s 10.000 Boston & Northern 4s 1.000 Fitchburg & Leominster 434s 1.000 Fitchburg & Leominster 5s 10.000 Hoosac Valley 4s 5.000 Old Colony 4s 10.000 West End 434s 10.000 West End 5s 10.000 Worcester Consol. 4J4s B a n k S to ck s. Shs. 75 Crocker Nl. Bk., Turners Falls A udit , September 20-22 inclusive. REPO RT OF TH E 92 [Pub. Doc, DANVERS SAVINGS BANK, DANVERS. 13 Incorporated March 20, 1850. J oshua A emitage , President. M APLE STREET. Number of corporators, 56; number of trustees, 19. C harles H . P beston , Treasurer. A nsel P. T ylek , Clerk of the Corporation. Board of Trustees: G. C. A bbott , J oshua A emitage , A. W. B eckford , D. S. B row n , G. W. C lapp , L. S. C ouch , A . P. H utchinson , J ulius P ea le , C. N. P er let , I. D. P ope , C. H. P reston , A . H. P utnam , L. J. R oss, G . B. Sears , W. E. Sm art , E. F. Strong , H. S. T aple y , A . P. T yler , I. M. W oodbury . Board of Investment: J oshua A emitage , C. N. P e r ley , I. D. P ope , L. J. R oss, H. S. T aple y . Auditing Committee: L. S. C ouch , I. D. P ope , I. M. W oodbury . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 622 loans on real estate (average of each, $3,200.83) . Less amount due on uncompleted loans . $70,893 540,808 171,472 85,000 50,800 15,764 445 10 10 75 00 00 83 80 1,990,917 171,357 56,402 1,561 66,107 1,120 77 00 33 18 3S 78 $1,997,661 31 6,743 54 28 loans on personal security . . . . Real estate by foreclosure, etc. (assessed value, $60,800) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies Cash and cash items . $3,222,651 02 Due depositors on 7,303 accounts, averaging $399.93 each . . . . . (Accounts opened during year, 918; closed, 595; increase, 323) Surplus: — a. Guaranty fund (4.95% of deposits; increase during year, $10,430) . . . b. Profit and loss (decrease during year, $4<221.21) . . . . . . Current income: — Interest . . . . . . . • • • $13,062 69 Less current expenses not charged off . . . . 269 32 --------------------- $2,920,668 27 . $3,222,651 02 T o t a l A s s e ts L ia b i l i t i e s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 144,579 00 144,610 38 12,793 37 93 BAN K COMMISSIONER. No. 8.] T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Total. State Tax (Net). Salaries. Rent. Advertising. Other Expenses $10,239.91 Amount paid for $3,380.54 $4,523.43 $400.00 $163.25 $1,772.69 3.17 Cost per $1,000 of assets 1.05 1.40 .12 .05 .55 2.00 Cost per $1,000 of assets not including State tax and rent . . . . . . Gross income received during the year, $150,528.31. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 1 % ). Real estate loans (average rate, 5.15 per cent.): 4)^%, $82,475; 5%, $1,361,840.99; 5)4%, $2,500 ; 5)4%, $423,051.78; 5%%, $3,500; 6%, $117,550. Personal loans (average rate, 4.58 per cent.): 4)4%, $159,500; 5)4%, $6,800; 6%, $5,057. Bonds, stocks, etc. (average rate on amounts invested, 4.15 per cent.): 3)4%, $210,000; 4%, $603,000; 4)4%, $95,000; 5%, $52,500 ; 6%, $1,000; 7%, $3,100; 8%, $800; 10%, $1,000. Number of loans not over $3,000 each, 439, amounting to $594,878.28. 108 real estate loans made during year, amounting to $354,900. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2)4% . . . . . Oct., 1916, 2 ) 4 % ....................................... Number of deposits during year, 6,602, amounting to . . . . . . Number of withdrawals during year, 4,548, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $6,000 Lynn 3J4s 19.000 New Bedford 4a 2.000 Quincy 4s 10.000 Seattle, Wash., 4)4s 10.000 Arlington 4)4s 3.000 Danvers 3)4s 11.000 Danvers 4s 10.000 Saugus 4)4s R a ilr o a d B o n d s . $1,000 Baltimore & Ohio 3)4a 25,000 Baltimore & Ohio 4s D ates op . . . O F S E C U R IT IE S . . . . . . . . $609,980 94 390,535 22 $219,445 72 OW NED. Par Value. $25,000 Baltimore & Ohio 4)4s 25.000 Baltimore & Ohio 5s 10.000 Bangor & Aroostook 5s 10.000 Boston & Albany 4s 70.000 Boston & Maine 4s 25.000 C., B. & Q. 4s 25.000 Chic., Indiana & South. 4s 15.000 Chic., Mil. & St. Paul 4)4s 25.000 Chicago & Northwestern 4s 50.000 Fitchburg 3)4s 85.000 Illinois Central 4s 50.000 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 4)4s 40.000 Washington Co. 3)4s E xam in ation , April 7-10 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $66,111 44 62,239 71 481,629 79 S tr e e t R a ilw a y B o n d s . Par Value. $115,000 Boston Elevated 4s 25.000 Boston & Northern 4s 15.000 West End 4s 10.000 West End 4J4a 10.000 West End 5s B a n k S to c k s. Shs. 10 Beverly National Bk. 10 Merchants Nl. Bk., 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 R E PO R T OF THE [Pub. Doc. DEDHAM INSTITUTION FOR SAVINGS, DEDHAM. 603 H I G H Incorporated March 19, 1831. STREET. Number of corporators, 77; number of trustees, 14. C lifton P. B ak e r , President. C ornelius A. T a ft , Clerk of the Corporation. J oseph H. Solidat , Treasurer. E dward C. P au l , Assistant Treasurer. Board of Trustees: C. P. B a k e r , S. H. C ape n , F. D . E ly , A. H. H odgdon , H. D . H umphrey , R . W. R edman , F. P. R oyce , C. A. T a ft , J. H. T uttle , W . H. W ade , J. L. W akefield , W inslow W ar ren , S. M. W eld , W. C. W illiams . Board of Investment: C. P. B a k er , W inslow W arren , S. H . C apen , R . W . R edman . Auditing Committee: F. D . E ly , C . A. T a ft , A. H . H odgdon. Deposits draw interest from first day of February, May, August and November; dividends are pay able on Monday following the second Saturday of May and November. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. Co. b o n d s ....................................................................................... Stocks of banks and trust companies . . . . . . . . . 671 loans on real estate (.average of each, $3,685.23) . . . . . . . 28 loans on personal security ....................................................................................... Bank building and fixtures (estimated value, $45,000; assessed value, $63,200) . . Real estate by foreclosure, etc. (assessed value, $7,200) . . . . . . Deposits in national banks or trust companies . . . . . . . T o t a l A s s e ts . . . . . $388,147 50 1,985,358 60 360,302 50 46,312 50 98,136 25 7,500 00 1,801,794 00 783,000 00 35,000 00 3,549 32 133,259 80 $5,642,360 47 L ia b ilit ie s . Due depositors on 12,643 accounts, averaging $405.96 each . . . . . (Accounts opened during year, 1,269; closed, 786; increase, 483) Surplus: — a. Guaranty fund (4-89% of deposits; increase during year, $9,154-73) . . . h. Profit and loss (increase during year, $12,427.18) . . . . . . Current income: — I n t e r e s t .................................................................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilit ie s . . $5,132,656 43 251,319 96 136,894 63 121,489 45 $5,642,360 47 No. 8.] BAN K COMMISSIONER. 95 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $15,181.52 $10,300.00 $1,000.00 $2,784.15 $29,265.67 Cost per $1,000 of assets 2.69 1.82 .17 .49 5.17 Cost per $1,000 of assets not including State tax and rent . ....................................... 2.31 Gross income received during the year, $251,522.79. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .5 5 % ). Real estate loans (average rate, 5.18 per cent.): 5%, $1,193,744; 5M%, $542,375; 6%, $65,675. Personal loans (average rate, 4.33 per cent.): 4%, $105,000; 4M%, $388,000; 4 W , $25,000; 4M%, $220,000; 5%, $45,000. Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cent.): 3M%> $509,000; 4%, $760,090 90; 4M%, $455,000; 4M%. $1,100; 5%, $159,000; 6%, $85,500. Number of loans not over $3,000 each, 497, amounting to $898,530. 121 real estate loans made during year, amounting to $388,625. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Number of deposits during year, 10,941, amounting to $93,891 91 95,755 63 710,801 67 Number of withdrawals during year, $7,564, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $80,000 Boston 3Ms 50.000 Boston 4s 38.000 Bridgeport, Ct., 4s 12.000 Indianapolis, Ind., 4s 24.000 Lynn 4s 20.000 Melrose 4s 10.000 Newton 3Ms 45.000 Newton 4s 38.000 Norwalk, Ct., 4s 25.000 Scranton, Pa., 4Ms 16.000 Dedham 4s 25.000 Methuen 4s 5,000 Peabody 4s P u b lic F u n d s , N o te s . $1,100 Millis 4Ms R a ilr o a d B o n d s. $75,000 Atch., Top. & Santa F6 4s 100,000 Baltimore & Ohio 3Ms 50.000 Baltimore & Ohio 4Ms 50.000 Boston & Albany 3Ms 25.000 Boston & Albany 4s D ates of . OF . . S E C U R IT IE S . . . $900,459 21 649,788 81 . . . . $250,660 40 OW NED. Par Value. $20,000 Boston & Lowell 4s 14.000 Boston & Maine 3Ms 80.000 Boston & Maine 4s 45.000 Boston & Maine 4Ms 25.000 Boston, R. B. & L. 4Ms 30.000 C., B. & Q. 4s 25.000 Chi., Mil. & Pug. Sound 4s 50.000 Chi., Mil. & St. Paul 4s 52.000 Chic., Mil. & St. Paul4Ms 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 4Ms 85.000 Illinois Central 3Ms 75.000 Lake Shore & Mich. So. 4s 61.000 Louisville & Nashville 5s 54.000 Louisville & Nashville 6s 110,000 Maine Central 4Ms 75.000 Minn.; Sit. St. M. & A. 4s 50.000 Minn. St. P. & Sit. St. M. 4s 50.000 N. Y. C. & H. R. 3Ms 50.000 N. Y. C. & H. R. 4s 20.000 N. Y., N. H. & H. 3Ms E xam ination , January 12 and 13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $160J)00 N. Y„ N. H. & H. 4s 30.000 Norwich & Worcester 4s 25.000 Old Colony 3Ms 99.000 Old Colony 4s 15.000 P.,Gt. Falls &C.4Ms 50.000 Southern Pacific 4s 29,090 St. Paul, Minn. & Man. 4s 26.000 St. Paul, Minn. & Man. 4Ms 25.000 Washington Co. 3Ms 28.000 Wore., Nash. & R. 4s S tr e e t R a ilw a y B o n d s . $100,000 Boston Elevated 4s 67.000 Boston Elevated 4Ms 15.000 Boston Elevated 5s 50.000 Boston & Northern 4s 25.000 Holyoke 5s 13.000 Lynn & Boston 5s 30.000 Old Colony 4s 25.000 West End 4Ms 45.000 West End 5s B a n k S to c k s. Shs. 75 Dedham Nl. Bk. 96 [Pub. Doc. REPO RT OF THE DORCHESTER SAVINGS BANK, BOSTON. 586 C O L U M B I A Incorporated April 16, 1894. ROAD (D O R C H E S T E R D IS T R IC T ). Number of corporators, 32; number of trustees, 16. F rederick L. W alk er , President. G eorge W . B radford , Treasurer. F rank M . W hitman , Clerk of the Corporation. Board of Trustees: W. H. A bbott , F. W. A rcher , G. W. B radford , H . W. B u r ke , G. E. F rost , J. L. Goss, N. C. H arrison , L. J. L ogan , J ohn M orton , W. H. R obey , L. C. Southard , A. H. Stearns , F. L. W a lk er , F. M. W hitm an , W. W. W hitmarsh , E. S. W oodbury . Board of Investment: F. L. W alk er , W . H. R obey’ , H. W. B urke , A. H. Stearns , N. C. H arrison . Auditing Committee: W . W . W hitmarsh , W. H . R obey , E. S. W oodbury . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable next day following second Wednesday of April and October. Business hours: 2 to 7 p .m .; also Saturdays, 7 to 9 p .m ., for deposits only. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . . 371 loans on real estate {average of each, S3,100.92) 42 loans on personal security . . . . . Real estate by foreclosure, etc. (assessed value, $7,500) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $122,605 74 166,737 00 75,635 85 9,012 50 1,150,440 00 276,090 00 4,796 50 167 75 57,131 75 7,680 22 . $1,870,297 31 Due depositors on 8,525 accounts, averaging $209.83 each . . . . . (Accounts opened during year, 1,Z79; closed, 935; increase, 344) Surplus: — o. Guaranty fund (1.93% of deposits; increase during year, $4,363.93) . . . b. Profit and loss {increase during year, $5,791.^2) . . . . . . Current income: — Interest . . . . . . . . . . $6,008 14 Less current expenses not charged off . . . . 219 42 --------------------- $1,788,782 84 . $1,870,297 31 T o t a l A s s e ts L ia b ilitie s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 34,501 99 41,223 76 5,788 72 BANK COMMISSIONER, No. 8.] 97 T o ta l E xpenses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $2,496.82 $4,303.50 $540.00 $274.90 $1,417.55 $9,032.77 Cost per $1,000 of assets 1.33 2.30 .29 .15 .76 4.83 Cost per $1,000 of assets not including State tax and rent . 3.21 Gross income received during the year, $85,093.69. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .9 5 % ). Real estate loans (average rate, 5.29 per cent.): 5%, $780,950; 5M%< $75,925; 6%, $293,565. Personal loans (average rate, 4.79 per cent.): 4M%, $120,000; 4%%, $70,500; 5%, $67,000; 6%, $18,590. Bonds, stocks, etc. (average rate on amounts invested, 4.02 per cent.): 3%, $15,000; 3.10%, $5,000; 3M%i $125,000; 4%, $142,450; 4 ^ % , $70,000; 5%, $24,000. Number of loans not over $3,000 each, 225, amounting to $429,140. 40 real estate loans made during year, amounting to $174,050. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 14,219, amounting to . . . . . Number of withdrawals during year, 7,998, amounting to . . Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $8,000 Massachusetts 3J^>s 2.000 Beverly 4s 11.000 Boston 3Hs 11.000 Boston 4s 6.000 Brockton 4s 15.000 Chelsea 3Mb 1.000 Everett 4s 5.000 Lowell 4s 4,250 Medford 4s 5.000 New London, Ct., 3Ms 3.000 Seattle, Wash., 4Ma 1.000 Wilkes-Barre, Pa., 3Mb 10.000 Worcester 4s 10.000 Hyde Park 4s 4.000 Norwood 4s 4,200 Wareham 4s 6.000 Watertown 4s 7.000 West Rutland, Vt., 3Ms 3.000 W. & So. Acton (W. S. D.), 4s . OF . . S E C U R IT IE S . . . . . . . . , . . . $30,947 52 32,693 22 508,706 93 . $572,347 67 404,753 51 . $167,594 16 OW NED. P u b lic F u n d s , N o te s . Par Value. $5,000 Norton 3.10% R a ilr o a d B o n d s . $20,000 Baltimore & Ohio 4Mb 3.000 Boston & Albany 3Ms 6.000 Boston & Albany 4s 1.000 Boston & Lowell 4s 5.000 Boston & Maine 3s 4.000 Boston & Maine 3Mb 10.000 Boston & Maine 4s 2.000 Bridgeton & Saco River 4s 15.000 C., B. & Q. 3Mb 5.000 Chic., Mil..& St. Paul 4s 5.000 Chic. & Northwestern 3Mb 3.000 Conn. & Pass. Rivers 4s 3.000 Dexter & Piscataquis 4s 11.000 Fitchburg 3Mb 3.000 Fitchburg 4s 10.000 Illinois Central 3s D a t e s of E x a m in a t io n , June 1-3 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . Par Value. $15,000 Illinois Central 3Ms 10.000 Maine Central 4Mb 10.000 N. Y., N. H. & H. 3^s 12.000 N. Y., N. H. & H. 4s 10.000 Old Colony 3Ms 1.000 Old Colony 4s 2.000 P., Gt. Falls & Con. 4Ms 2.000 Portland & R. Falls 4s 5.000 Washington Co. 3Ms S tr e e t R a ilw a y B o n d s . $13,000 Boston Elevated 4s 10.000 Boston Elevated 4Ms 5.000 Boston Elevated 5s 5.000 Boston & Northern 4s 10.000 Marlboro & Westboro 5s 1.000 Mystic Valley 5s 1.000 So. Shore & Boston 5s 5.000 Worcester Consol. 5s 2.000 Worcester & Holden 5s 25.000 Worcester & Southbridge 4J^s 98 REPO RT OF THE [Pub. Doc. EAST BOSTON SAVINGS BANK, BOSTON. 10 M e r id i a n S t r e e t (E a s t B o s t o n D i s t r ic t ) . Incorporated April 26, 1848. Number of corporators, 41; number of trustees, 25. A in s l e y R. H o o p e e , President. R a lp h A. H o o p e e , Clerk of the Corporation. A l v in P. J o h n s o n , Treasurer. B e n ja m in A. D e l a n o , Assistant Treasurer. Board of Trustees: F . E. B c e n h a m , O . G . E a t o n , G . H . G i b b y , R . J. G o v e , W . H . G e a in g e e , F . P . G u b n e y , H a e e y H a m il t o n , J. F . H o d g e , A. R . H o o p e e , A. P . J o h n s o n , E. D. T.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 o K i e , D. B. M c P h e e s o n , W. A. M o b b is o n , F e e e m a n N ic k e b s o n , R ioh aed P ig e o n , G. M . P o b t e b , E. P . R o b in s o n , W. C. S m it h , G . M . S t a l k e b , A . M . W a l c o t t , F . A . W oo dbitby . Board of Investment: J. E. L y n c h , G. M . P o b t e b , W il l ia m M c K i e , H a e e y H a m il t o n , A. R. H o o rE B , 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 b n e y , G. M. St a l k e b . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable after the third Wednesday of January and July. Business hours: 9 a .m . to 2 p .m .; also Saturdays, 7 to 9 p .m ., for deposits only; during June, July, August and September, close at 1 p .m . Saturdays. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . . 1,564 loans on real estate (average of each, $2,513.78) . . . . . . 18 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, 8100,000; assessed value, $113,700) . . Real estate by foreclosure, etc. (assessed value, $62,300) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ....................................................................................................................................... T o t a l A s s e ts . . . . . $1,432,399 15 989,937 50 183,000 00 181,475 00 1 00 3,931,550 00 405,700 00 50,000 00 41,600 00 381 71 247,336 78 6,280 43 $7,469,661 57 L ia b ilit ie s . Due depositors on 18,648 accounts, averaging $363.52 each . . . . . $6,779,008 14 {Accounts opened during year, 2,081; closed, 1,644; increase, 437) Surplus: — а. Guaranty fund (4-92% of deposits; increase during year, $13,487.22) . . 333,654 45 б. Profit and loss {increase during year, $20,391.16) . . . . . . 313,751 91 Current income: — Interest . . . . . . . . . . $43,556 07 Less bank building expenses not charged off . . . 309 00 --------------------43,247 07 T o t a l L ia b ilitie s . . . . . $7,469,661 57 T o t a l E xp en ses fo r Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $7,789.78 $18,148.68 $3,600.00 $379.30 $3,450.59 $33,368.35 .46 4.46 Cost per $1,000 of assets 1.04 2.43 .48 .05 2.94 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $343,081.57. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BAN K COMMISSIONER, No. 8. 99 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 2 % ). Real estate loans (average rate, 5.02 per cent.): 4>£%, $79,100; 5%, $3,671,750; 5}4%, $98,850; 6%, $81,850. Personal loans (average rate, 3.99 per cent.): 3%, $25,000; 4%, $325,000; 4)4%, 350,000; 5%, $4,000; 6%, $1,700. Bonds, stocks, etc. (average rate on amounts invested, 4.65 per cent.): 3)4%, $125,000; 4%, $1,367,194.60, 4)4%, $541,000; 5%, $531,000; 5)4%, $10,000; 6%, $38,000; 8%, $93,400; 10%, $8,000; 12%, $20,500; 16%, $37,500. Number of loans not over $3,000 each, 1,223, amounting to $2,211,605. 83 real estate loans made during year, amounting to $215,500. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 25,228, amounting to $122,467 56 125,971 20 1,265,130 00 $1,513,&68 76 1,155,426 39 Number of withdrawals during year, 17,230, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s , B o n d s . Par Value. $157,000 Massachusetts 4s 16.000 Akron, 0., 4)4s 25.000 Beverly 4s 150,000 Boston 4s 15.000 Bristol, Conn., 4)4s 14.000 Brockton 4s 18.000 Canton, 0., 5s 10.000 Canton, 0., 5)4s 10.000 Chelsea 4s 25.000 Chicago, 111., 4s 3.000 Chicopee 4)4s 50.000 Cleveland, 0., 5s 15.000 Dayton, 0., 5s 12.000 Dubuque, la., 4s 25.000 Duluth, Minn., 4)4s 62.000 Fall River 4s 8.000 Fall River 4)4s 13.000 Flint, Mich., 4)4s 15.000 Gloucester 4s 25.000 Grand Rapids, Mich., 4)4s 18.000 Haverhill 4s 24.000 Holyoke 4s 20.000 Indianapolis, Ind., 4s 24.000 Lowell 4s 38.000 Lynn 4s 15.000 Marlborough 4s 20.000 Milwaukee, Wis., 4)4s 50.000 Minneapolis, Minn., 4s 28.000 New Bedford 4s 10.000 Newton 4s 20.000 Oakland, Cal., 5s 42.000 Omaha, Neb., 4)^s 24.000 Oshkosh, Wis., 4Hs 20.000 Providence, R. I., 4s 34.000 Quincy 4s 30.000 San Francisco, Cal., 5s 25.000 Seattle, Wash., 4)^s $358,142 37 OF S E C U R IT IE S OW NED. Par Value. $20,000 Springfield 4s 21.000 Springfield, 0.,4)^s 7,000 Springfield, O., 5s 30.000 St. Paul, Minn., 4)^s 10.000 Taunton 4s 25.000 Toledo, 0., 4Ms 10.000 Agawam 4s 25.000 Attleborough 4s 21.000 Belmont 4s 10.000 Basthampton 4s 36.000 Falmouth 4s 18.000 Mattapoisett 4s 25.000 Norwood 4s 25.000 Stamford, Conn., 4)/£s 10.000 Swampscott 4s 12.000 West Springfield 4s 11,194 Winthrop 4s P u b lic F u n d s , N o te s . Par Value. $25,000 Fre., Elkhorn & M. V. 6s 25.000 Housatonic 5s 25.000 Kal., Alle. & G. Rap. 5s 25.000 Lake Shore & Mich. So. 4s 25.000 Louisville & Nashville 5s 25.000 Maine Central 4J^s 50.000 Mich. Cent.-Det. & B. C. 5s 50.000 Mil., L. S. & W. 5s 13.000 Mil., L. S. & W. 6s 25.000 Minn., Sit. S. M. & Atl. 4s 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 Pennsylvania 4J^s 25.000 Portland & Ogdens. 4J^s 5,000 Ports., Gt. F. & Con. 4t}4s 25.000 St. Johns. & L. Champ. 5s 25.000 Vermont Valley 4Jdis $8,000 Stoneham 4s R a ilr o a d B o n d 3 . $25,000 Baltimore & Ohio 4s 20.000 Bangor & Aroostook 5s 50.000 Boston & Albany 3b£s 15.000 Boston & Albany 5s 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)^s 31.000 Cleveland & Pitts. 4)^s 25.000 Conn. River 3b£s 25.000 Fitchburg 4)^s S tr e e t R a ilw a y B o n d s . $75,000 Boston Elevated 4s 38.000 Boston Elevated 4)^s 20.000 Lynn & Boston 5s 25.000 Springfield 4s 25.000 West End 4s B a n k S to c k s. Shs. 20 Commercial Nl. Bk., Boston 375 First Nl. Bk., Boston 67 Fourth-Atlantic Nl. Bk., Boston 80 Merchants Nl. Bk., Boston 75 Metropolitan Trust Co., Boston 757 Nl. Shawmut Bk., Boston 15 Nl. Union Bk., Boston 205 Second NLBk., Boston D a t e s of E x a m in a t io n a n d A u d it , February 21-March 1 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 100 R E PO R T OF THE [Pub. Doc EAST BRIDGEWATER SAVINGS BANK, EAST BRIDGEWATER. 29 Incorporated March 8, 1870. BEDFORD STREET. Number of corporators, 38; number of trustees, 18. C larence A. C handler , President. C harles F. M an n , Treasurer. E dward S. W hitmarsh , Clerk of the Corporation. Board of Trustees: G. A. B urrell , C. A. C handler , D. C. F rench , F. E. F u ller , R . O. H arris , S. A. K e ith , A. L. L eland , C. F. M an n , E. T. M orse , C. L. N utter , R . W. N utter , T. H. P erkin s , G. A. R oot , W. S. S h a w , E. N. W ard , C. W . W aterman , G. M . W e b ber , E. S. W hit marsh . Board of Investment: E. N . W ard , E. S. W hitmarsh , C. W. W aterman , E. T. M orse , C. F. M a n n . Auditing Committee: C. A. C handler , F. E. F uller , W. S. Sh a w . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . . 422 loans on real estate {average of each, $3,168.18) . . . . . . . 55 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $10,000; assessed value, $8,500) . . Deposits in national banks or trust companies . . . . . . . C a s h ........................................................................................................................................ T otal A $90,151 25 371,525 00 110,837 50 44,057 50 29,300 00 19,618 75 1,336,973 25 666,525 00 10,000 00 99,260 28 3,335 01 s s e t s ...............................................$2,781,583 54 L i a b ilit ie s . Due depositors on 4,665 accounts, averaging $540.54 each (Accounts opened during year, 758; closed, 278; increase, 4-80) Surplus: — a. Guaranty fund (4.00% of deposits; increase during year, $9,818.61) . h. Profit and loss (increase during year, $3,670.28) . . . . . . Current income: — Interest . . . . . . . . . . $48,881 76 Less current expenses not charged off . . . 2,356 61 116,000 00 96,796 74 46,525 15 623 06 Unearned discount https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,521,638 59 T o t a l L ia b ilitie s . . $2,781,583 54 No. 8.] 101 BANK COMMISSIONER, T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,951.73 $4,924.50 $500.00 $84.25 $1,351.82 $10,812.30 Cost per $1,000 of assets 1.42 1.77 .18 .03 .48 3.88 Cost per $1,000 of assets not including State tax and rent . ....................................... 2.28 Gross income received during the year, $125,106.14. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 8 % ). Real estate loans (average rate, 5.37 per cent.): 5%, $576,736; o lA % , $539,755; 6%, $220,482.25. Personal loans (average rate, 4.37 per cent.): 4%, $75,000; 4)4%, $440,000; 4)4%, $25,000; 4)4%, $78,000; 4M%, $3,500; 5%, $6,000; 5A % , $2,000; 6%, $37,025. Bonds, stocks, etc. (average rate on amounts invested, 4.42 per cent.): 3)4%, $105,000; 4%, $252,000; 4J4%, $116,000; 5%, $155,720; 6%, $11,200; 6)4%, $7,500; 8%, $12,000; 10%, $600; 16%, $3,000. Number of loans not over $3,000 each, 259, amounting to $321,207.25. 42 real estate loans made during year, amounting to $126,450. D i v id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2A % July, 1916, 2% Number of deposits during year, 3,914, amounting to $47,252 90 45,430 43 494,385 55 Number of withdrawals during year, 2,544, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $15,000 Boston 3)4s 15.000 Chelsea 4s 25.000 Duluth, Minn., 4J4s 10.000 Lowell 3b£s 10.000 Minneapolis, Minn., 4s 15.000 San Francisco, Cal., 5s 720 East Bridgewater 5s R a ilr o a d B o n d s . $10,000 Baltimore & Ohio 3J4s 10.000 Baltimore & Ohio 4J4s 25.000 Baltimore & Ohio 5s D ates of E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . OF . . . . . S E C U R IT IE S . . . . . $587,068 88 221,410 62 . $365,658 26 OW NED. Par Value. $20,000 Boston & Albany 5s 25.000 Boston & Maine 4J4s 25.000 C., B. & Q. SAs 30.000 C., B. & Q. 4s 10.000 C., Mil. & St. Paul 4s 25.000 C., Mil. & St. Paul 5s 5.000 Connecticut River 6s, notes 25.000 Chic. & Northwestern 4s 5.000 Fitchburg 4s 6.000 Fitchburg 4)4s 25.000 Fitchburg 5s 10.000 Illinois Central 3J4s 10.000 Illinois Central 4s 12.000 Louisville & Nashville 5s 35.000 N. Y., N. H. & H. 3)4s 45.000 N. Y., N. H. & H. 4s 15.000 Old Colony 4s 10.000 Penobscot Shore Line 4s and . A u dit , August 28-30 inclusive. S tr e e t R a ilw a y B o n d s . Par Value. $5,000 Boston Elevated 4s 50.000 Boston Elevated 4)4s 10.000 Boston & Northern 4s 10.000 Mystic Valley 5s 14.000 West End 4s 20.000 West End 5s 3,000 Worcester & Marlboro 5s B a n k S to ck s. Shs. 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. Bk. 62 Home Nl. Bk., Brockton 102 REPO RT OF TH E [Pub. Doc EAST CAMBRIDGE SAVINGS BANK, CAMBRIDGE. 292 C A M B R I D G E Incorporated April 29, 1854. STREET (E A S T C A M B R I D G E ). Number of corporators, 36; number of trustees, 18. G ustavus G oepper , President. R ichard S. H all , Clerk of the Corporation. W illiam E. L lotd , Treasurer. C harles H . S loan , Assistant Treasurer. Board of Trustees: C. W. D a ile y , G. W. D earborn , J. G. F erguson , G ustavus G oepper , W. F. G oepper , A. H. G raustein , A. F. H arlow , M . J. H arty , F. W . H astings , G. H. L aw rence , W. E. L loyd , F. H. M arshall , D. C. P roudfoot , W. F. R oss, C. H . Sloan , W . P. S utton , F. B. W h eeler , H. E. W orcester . Board of Investment: G ustavus G oepper , F. B. W heeler , C. W. D a il e y , J. G. F erguson , D. C. P roudfoot . Auditing Committee: F. B. W h eeler , M. J. H ar ty , W. F. G oepper . Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable April 15 and October 15. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 a .m . to 12 m .; also Tues days, for deposits only, from 6 to 8 p .m . STATEMENT O F C O N D I T I O N , O C T O B E R 31, 1916. A s s e ts . 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 . 1,501 loans on real estate (average of each, $2,743.40) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . $4,123,845 00 . . . 6,000 00 --------------------73 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $30,000; assessed value, $37,400) . . Real estate by foreclosure, etc. (assessed value, $10,600) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . $850,750 00 878,955 24 192,782 00 96,093 75 55,454 00 1 00 4,117,845 00 1,044,638 10 15,000 00 6,565 34 1,836 00 93,113 87 15,732 19 s s e t s ...............................................$7,368,766 49 L ia b ilit ie s . Due depositors on 14,227 accounts, averaging $474.69 each . . . . . $6,753,442 79 (Accounts opened during year, 2,486; closed, 1,662; increase, 824) Surplus: — a. Guaranty fund (4-96% of deposits; increase during year, $33,228.20) . . 335,156 35 b. Profit and loss (decrease during year, $10,761.40) . . . . . . 275,947 03 Current income: — Interest . . . . . . . . . . $5,194 31 Less current expenses not charged off . . . . 973 99 --------------------4,220 32 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $7,368,766 49 BANK COMMISSIONER. No. 8.] 103 T o t a l E xp en ses fo r th e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $7,328.70 $9,886.39 $1,000.00 $341.70 $9,510.50 $28,067.29 1.29 3.80 Cost per $1,000 of assets .99 1.34 .13 .05 Cost per $1,000 of assets not including State tax and rent . 2.68 Gross income received during the year, $324,672.95. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 5 % ). Real estate loans (average rate, 5.01 per cent.): 5%, $4,033,920; 5J^%, $65,000; 6%, $18,925. Personal loans (average rate, 4.29 per cent.): 4)4%, $603,500; 4J^%, $100,000; 4J^%, $280,500; 5%, $44,438.10. Bonds, stocks, etc. (average rate on amounts invested, 4.48 per cent.): 3-yi0%, $14,000; 3)4%, $235,000; 4%, $975,500; 4M%. $51,000; 4 ^ % , $348,250; 5%, $315,000; 6%, $123,600; 8%, $20,400; 12%, $17,800; 14%, $3,300. Number of loans not over $3,000 each, 1,033, amounting to $1,704,753.10. 148 real estate loans made during year, amounting to $399,275. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 21,647, amounting to $119,547 38 125,000 00 1,438,930 73 Number of withdrawals during year, 11,603, amounting to $1,683,478 11 1,030,000 39 $653,477 72 Net increase in amount due depositors SCHEDULE OS' SECURITIES OWNED. P u b lic F u n d s , B o n d s . Par Value. $75,000 Massachusetts 3b£s 86.500 Massachusetts 4s 20.000 Boston 33dis 97.000 Boston 4s 35.000 Boston 4t£s 45.000 Brockton 4s 25.000 Cambridge 3Jlis 11.000 Duluth, Minn.,4)^s 26.000 Holyoke 4s 25.000 Lawrence 4s 45.000 Los Angeles, Cal., 4)^s 7,500 Lowell 4s 22.500 Milwaukee, Wis., 4H>s 96.000 New Bedford 4s 25.000 Newark, N. J., 4)^s 34.000 Quincy 4s 10.000 Somerville 4s 5.000 San Francisco, Cal., 5s 10.000 Somerville 4s 35.000 Worcester 4s 43.500 Belmont 4s 27.000 Chelmsford 4J^s 9.000 Hull 4s P u b lic F u n d s , N o te s . $15,750 Hull 4s 16.000 Swam pscott 4 )4 s 14.000 West Brookfield 3YioS D ates of R a ilr o a d B o n d s . E xam ination , January 28-February 1 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S tr e e t R a ilw a y B o n d s . Par Value. Par Value. $115,000 Boston Elevated 4)^s $25,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4)^s 15.000 Boston & Northern 4s 50.000 Baltimore & Ohio 5s 15.000 Marlboro & Westboro 5s 15.000 Boston & Albany 3)^s 5,000 West End 4s 70.000 Boston & Albany 4s 45.000 West End 5s 25.000 Boston & Albany 5s 25.000 Boston & Maine 3Ks 40.000 Boston & Maine 4Hs 15.000 Chic., Mil. & St. Paul 4s 5.000 Chic., Mil. & St. Paul 5s 25.000 Chic., St. P., Minn. & 0. 6s 81.000 Chicago & Northwestern 4s 25.000 Chicago & Northwestern 5s 15.000 Conn. & Pass. Rivers 4s 50.000 Conn. River 3)^s B a n k S to c k s. 27.000 Fre., Elk. & Mo. Val. 6s Shs. 25.000 Illinois Central 3)^s 12 Eliot Nl. Bk., Boston 5.000 Illinois Central 4s 100 Fidelity Tr. Co., Boston 50.000 Louisville & Nashville 5s 60 First Ward Nl. Bk., Boston 31.000 Louisville & Nashville 6s 50 Metropolitan Tr. Co., Boston 10.000 Mil., L. S. & Western 5s 25.000 Mmn., St. P. & St Ste. M. 4s 13 Mutual Nl. Bk., Boston 67 Nl. Bk. of Commerce, Boston 6.000 Montana Central 6s 50 Nl. Shawmut Bk., Boston 20.000 N. Y. C. & H. R. 4s 54 Nl. Union Bk., Boston 20.000 N. Y. C. & H. R. 4Ks 50 Webster & Atlas Nl. Bk., Boston 30.000 N. Y., N. H. & H. 4s 25 Charles River Tr. Co., Cambridge 75.000 No. Maine Seaport 5s 20.000 Pitts., McKees. & Yough. 6s 153 Lechmere Nl. Bk., Cambridge 33 Concord Nl. Bk. 2.000 P., Gt. Falls & Con. 4}^s 11 Fall River Nl. Bk. 50.000 Portland Terminal Co. 4s 10.000 Rome, Water. & Ogdens. 5s 35 First Nl. Bk., Marlborough REPO RT OF TH E 104 [Pub. Doc EASTHAMPTON SAVINGS BANK, EASTHAMPTON. 105 M A IN STR E E T. Incorporated February 10, 1869. Number of corporators, 44; number of trustees, 27. G eorge B. N oble , President. C harles H. J ohnson , Treasurer. F rederick E. J udd , Clerk of the Corporation. Board of Trustees: G eorge A still , G. A. A y e r , H. E. B arnett , C . A. B uffum , J. J. B ur ke , G. S. C olton , G. A . C ook , W . F. C oyle , J ohn C ullen , F. E. J udd , J. N. L yman , H. L. M ansfield , A. D. M ontague , F. P. N ew k ir k , G . B. N oble , H. L. P arsons , F. W. P itcher , W . L. P itch e r , G. H. P omeroy , J. E. P orter , H. W. R ust , E. L. Sh aw , R. M. Smith , H. O. Strong , H. M. T aylor , John W a n a t , W . H. W right . Board of Investment: G. B. N oble , F. P. N ew kir k , J ohn C ullen , J. N. L yman , H. N. T aylo r . Auditing Committee: F. E. J udd , H. L. M ansfield , H. W. R ust . 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 . STA TE M E N T OF C O N D ITIO N , O C TO B E R 31, 1916. A ssets. Public funds, bonds and notes Railroad bonds and notes . . . . Street railway bonds . . . . American Tel. & Tel. Co. bonds Stocks of banks and trust companies 679 loans on real estate (average of each, $2,101.21) Less amount due on uncompleted loans . $145,749 282,285 91,706 35,771 109,653 $1,437,776 98 11,055 00 1,426,721 98 244,478 81 140 loans on personal security Furniture and fixtures . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . T o t a l A ssets 50 83 25 25 34 200 00 63,275 79 4,195 80 . . . . . $2,404,038 55 L ia b ilities. Due depositors on 5,832 accounts, averaging $386.47 each (Accounts opened during year, 1,802; closed, 771; increase, 681) Surplus: — a. Guaranty fund (4-52% of deposits; increase during year, $7,000) b. Profit and loss (increase during year, $6,844-99) Current income: — Interest . . . . . . . . . . Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilities . . $2,253,906 45 102,000 00 40,113 06 $10,275 52 2,256 48 ---------------- 8,019 04 . $2,404,038 55 105 BANK COMMISSIONER. No. 8. < T o ta l Expenses for the Year, including State Taxes. Total State Tax (Net). Salaries. Rent. Advertising. Other Expenses. $2,775.94 $11,479.19 Amount paid for $2,678.73 $4,890.24 $560.00 $574.28 1.16 4.77 Cost per $1,000 of assets 1.11 2.03 .23 .24 3 .4 3 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $108,307.02. Rates on Investments and Loans (Average on All, 5%). Real estate loans (average rate, 5.0S per cent.): 5%, $1,070,677.45; 5)4%, $273,520 ; 5)4%. $67,369.53; 6%, $15,155. Personal loans (average rate, 5.59 per cent.): 4J4%> $10,000; 5%, $73,910,18; 5)4%, $19,450; 5J4%, $3,275; 6%, $137,143.63; 7%, $700. Bonds, stocks, etc. (average rate on amounts invested, 4.60 per cent.): 3%, $14,000; 3)4%, $40,000; 4%, $256,000; 4M%, $15,000; 4)4%, $86,000; 5%, $165,600; 6%, $43,600; 7%, $11,000; 8%, $30,000. Number of loans not over $3,000 each, 699, amounting to $861,320.76. 142 real estate loans made during year, amounting to $372,315. Dividends, Deposits and Withdrawals. $37,141 77 39,703 01 594,758 18 Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 9,133, amounting to Number of withdrawals dining year, 4,190, amounting to . . . Net increase in amount due depositors . . $671,602 96 355,076 04 $316,526 92 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 Massachusetts 4s 11.000 Boston 4s 10.000 Boston 4bis 5.000 Brockton 4)4s 5.000 Cleveland, Ö., 4bis 1.000 Dayton, 0., 5s 1.000 Holyoke 4s 10.000 Lawrence 4s 1.000 Los Angeles, Cal., 4s 10.000 Los Angeles, Cal., 4J4s 15.000 New Bedford 4s 10.000 Omaha, Neb., 4)4s 8.000 Quincy 4s 8.000 Salem 4s 15.000 San Francisco, Cal., 5s 1.000 Seattle, Wash.,4)4s 6.000 Seattle, Wash., 5s 5.000 Andover 4s 5.000 Stoneham 4s 7.000 Swampscott 4s Public Funds, Notes. $2,000 Southampton 5s Railroad Bonds. $4,000 Aroostook Northern 5s 10.000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4)4s Par Value. Par Value. $23,000 Boston & Northern 4s $15,000 Baltimore & Ohio 5s 1.000 Brockton 5s 1.000 Bangor & Aroostook 5s 10.000 Brock., Bridgew. & Taun. 5s 6.000 Boston & Albany 5s 10.000 Georgetown, Row. & Ip. 5s 1.000 Boston & Lowell 4s 1,500 Holyoke 5s 10.000 Boston & Maine 4s 4.000 Hoosac Valley 5s 5.000 C., B. & Q. 4s 2.000 Marlboro & Westboro 5s 10.000 Chic., Mil. & St. Paul 4)4s 5.000 Old Colony 4s 5.000 Chic., Mil. & St. Paul 5s 10.000 Springfield 4s 3.000 Conn. River 4s 5.000 West End 4s 10.000 Fitchburg 4s 5.000 West 4)^s 10.000 Fitchburg 5s 5.000 West End 5s 14.000 Illinois Central 3s 20.000 Illinois Central 3)dis 20.000 Louisville & Nashville 5s 10.000 Maine Central 4}4s 5.000 Minn., St. P. & Sit. St. M. 4s 10.000 Mobile & Ohio 6s 15.000 N. Y. C. & H. R. 4s Bank Stocks. 5.000 N. Y. C.&H. R.4bis Shs. 20.000 N. Y., N. H. & H. 3Ks 66 First Nl. Bk., Adams 15.000 N. Y., N. H. & H. 4s 100 First Nl. Bk., Easthampton 26.000 No. Maine Seaport 5s 50 Metacomet NL Bk., Fall River 10.000 Northern Pacific 4b£s 4 Monson Nl. Bk. 3.000 Old Colony 4s 50 North Adams Nl. Bk. 5.000 Pennsylvania 4s 20 Hamp. Co. Nl. Bk., Northampton 10.000 Pennsylvania 4bis 60 Pittsfield Nl. Bk. 5.000 Portland Terminal Co. 4s 132 Chapin Nl. Bk., Springfield 100 Chicopee Nl. Bk., Springfield S treet Railway Bonds. 200 Springfield Nl. Bk. 25 Ware Nl. Bk. $5,000 Boston Elevated 4s 50 First Nl. Bk., Westfield 10.000 Boston Elevated 5s D a t e s of E x a m in a t io n , August 7 -9 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 106 REPO RT OF THE [Pub. Doc EAST WEYMOUTH SAVINGS BANK, EAST WEYMOUTH. 714 B R O A D Incorporated February 20, 1872. STEEET. Number of corporators, 45; number of trustees, 17. W illiam H. P ratt , President. J ohn A. R aymond , Treasurer. J ohn A. M ac F au n , Clerk of the Corporation. Board of Trustees: F. A. B icknell , E . M . C a r ter , C . B. C ushing , J. A. C ushing , W. A. D r a k e , W. J. D unbar , T . H. E merson , James F ord , B. P. F rench , B radford H aw es , R obert M cI n tosh , W. H . P ratt , C. A. R andall , J. A. R aymond , W. T. Sea b u r y , W. M . T irr ell , W aldo T urner . Board of Investment: W. H. P ratt , T . H. E merson , E. M . C ar ter , C. B. C ushing , B radford H a w e s , W . A. D ra ke . Auditing Committee: W. H. P ratt , J. A. C ushing , B. P. F rench . 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 Mondays, for deposits only, 7 to 8.30 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . . 536 loans on real estate (average of each, $2,261) . . . . . . . 7 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $34,550; assessed value, $23,000) . Real estate by foreclosure, etc. (assessed value, $53,681) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . $115,181 335,854 69,187 30,140 7,005 1,211,893 34,840 21,690 53,631 2,176 32,474 6,974 30 75 50 00 00 49 00 42 65 71 83 14 s s e t s ...............................................$1,921,049 79 L ia b ilitie s . Due depositors on 3,919 accounts, averaging $448.35 each (Accounts opened during year, 460; closed, 362; increase, 98) Surplus: — a. Guaranty fund (5% of deposits; increase during year, $2,842) . b. Profit and loss (decrease during year, $8,248.85) . Current income: — а. Interest . . . . . . . $16,338 37 б. R e n t .......................................................... 108 50 . $1,757,114 04 87,903 00 60,741 14 $16,446 87 Less current expenses not charged off . Less State or local taxes not charged off . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $667 00 488 26 T o t a l L ia b ilit ie s . 1,155 26 ---------------- 15,291 61 . $1,921,049 79 107 BANK COMMISSIONER No. 8. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $2,273.72 $9,282.21 Amount paid for $2,064.29 $4,000.00 $800.00 $144.20 1.13 4.77 Cost per $1,000 of assets 1.07 2.08 .42 .07 3.28 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $85,381.76. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .0 3 % ). Real estate loans (average rate, 5.34 per cent.): 4)^%, $4,425; 5%, $738,534.76; 5)4%, $113,914.64; 6%, $351,088.09; 6)4%, $1,225; 7%, $2,406; 8%, $300. Personal loans (average rate, 4.6 6per cent.): 4 ji% , $25,000; 5%, $1,700; 5)4%, $2,200; 6%, $5,940, Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): 3)4%, $28,000; 4%, $261,000; 4)4%, $155,000; 5%, $121,000. Number of loans not over $3,000 each, 451, amounting to $664,430.49. 38 real estate loans made during year, amounting to $222,190. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $33,059 26 33,702 77 250,927 45 Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 3,708, amounting to Number of withdrawals during year, 3,173, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s, B o n d s. Par Value. $12,000 Attleborough 3)4s 20.000 Boston 4s 11.000 Chelsea 4s 10.000 Los Angeles, Cal., 4)4a 7.000 Malden 4s 14.000 New Bedford 4s 15.000 San Francisco, Cal., 4)48 5.000 San Francisco, Cal., 5s 10.000 Seattle, Wash., 5s 10.000 Worcester 4s 1.000 Easthampton 4s 1.000 Milton 3)4b D ates of . . . OS’ " S E C U R I T I E S . . . . . . . $317,689 48 252,311 38 . $65,378 10 OW NED. R a ilr o a d B o n d s . Par Value. $25,000 Aroostook Northern 5s 15.000 Baltimore & Ohio 3J^s 5.000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4Vés 20.000 Bangor & Aroostook 5s 10.000 Boston & Maine 4s 85.000 Boston & Maine 4)4b 5.000 Chi., Mil. & Puget Sound 4s 10.000 Fitchburg 4s 10.000 Fitchburg 5s 5.000 Lake Shore & Mich. So. 4s 5.000 Louisville & Nashville 4J^s E xam ination , March 16-18 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Par Value. $10,000 Louisville & Nashville 5s 10.000 N. Y. C. & H. R. 4s 91.000 N. Y„ N. H. & H. 4s 25.000 No. Maine Seaport 5s 3,000 Old Colony 4s S tr e e t R a ilw a y B o n d s . $30,000 Boston Elevated 4J^s 25.000 Boston & Northern 4s 15.000 Lynn & Boston 5s 1,000 Worcester Consol. 5s 108 [Pub. Doc, REPO RT OF THE ELIOT SAVINGS BANK, BOSTON. 114 Incorporated February 4, 1864. A lbert E . C ar r , President. DUDLEY STREET. Number of corporators, 52; number of trustees, 24. F rank E . G ranger , Treasurer. Seth A . F ow le , Clerk of the Corporation. Board of Trustees: C . E . A ldrich , J udson B aldw in , C. T. B ar r y , D . M . B l air , J. F. F. B rew ster , A. E. C a r r , I. Y. C hubbuck , W. O. C urtis , C. L. D e N ormandie , L. D . D ru ry , H. D . F orbes , S. A. F ow le , A. F. H ayden , C. L. H ayw ar d , G. P. H odgdon, F rank H oughton , W. S. L eland , T. S. L ockwood , F. W. M endum , F. N. N a y , G orham R ogers, L. D. Seaver , W. H. Slocum , S. E . T inkham . Board of Investment: A . E. C a r r , W . S. L eland , C . L. H ayw ar d , G orham R ogers , C. E. A ldrich , L. D. Se a ver . Auditing Committee: H. D. F orbes , G . P. H odgdon, L. D. Se a ver . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable the Thursday following the second Wednesday of April and October. Business hours; 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . 679 loans on real estate (average of each, $J+,333.57) . . . 91 loans on personal security . . . . . . Bank building and fixtures (estimated value, $75,363.62; assessed Real estate by foreclosure, etc. (assessed value, $19,300) . . Deposits in national banks or trust companies . . . T o t a l A s s e ts . $872,218 1,571,962 167,000 93,617 114,493 13,000 2,942,492 2,602,900 75,353 12,939 520,874 . . . . . . . . . . . . . . . . . . . . . . . . value land, $20,000) . . . . . . . . . . 75 50 00 50 75 00 00 00 62 53 67 $8,986,852 32 L ia b ilit ie s . Due depositors on 20,744 accounts, averaging $407.50 each . . . . . $8,453,147 08 (Accounts opened during year, 2,462; closed, 2,171; increase, 291) Surplus: — a. Guaranty fund (4.96% of deposits; increase during year, $21,748.12) . . 419,637 03 b. Profit and loss (decrease during year, $16,013.44) . . . . . . 113,335 10 Current income: — Interest . . . . . . . . . . $2,114 09 Less current expenses not charged off . . . . 1,380 98 --------------------733 11 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $3,986,852 32 No. 8.] BANK COMMISSIONER, 109 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $22,172.96 $16,274.96 $3,500.00 $70.57 $3,971.24 $45,989.73 Cost per $1,000 of assets 2.47 1.81 .39 .01 .44 5.12 Cost per $1,000 of assets not including State tax and rent . ....................................... 2.26 Gross income received during the year, $372,200.IS. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .3 5 % ). Real estate loans (average rate, 4.93 per cent.): 4%, $42,700; 4)4%, $40,000; 4J^%, $345,110; 4M%, $15,000; 5%, $2,430,532; 5M%, $56,950; 6%, $12,200. Personal loans (average rate, 4.19 per cent.): 4%, $1,165,000; 4H%, $995,300; 4Mi%, $363,600; 4%%, $65,000; 5%, $14,000. Bonds, stocks, etc. (average rate on amounts invested, 3.89 per cent.): 3%, $75,000; 3Mj%, $1,161,500; 4%, $1,467,200; 4)^%, $78,000; 5%, $85,000; 6%, $10,000; 10%, $3,000. Number of loans not over $3,000 each, 359, amounting to $721,840. 73 real estate loans made during year, amounting to $309,727. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 24,453, amounting to $154,165 91 158,769 48 1,487,903 13 Number of withdrawals during year, 19,145, amounting to Net increase in amount due depositors SCH EDU LE Public Funds, Bonds. of E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF . . . S E C U R IT IE S . . . . $1,800,838 52 1,352,140 16 . . . $448,698 36 OW NED. Public Funds, Notes. Par Value. $50,000 Massachusetts 3s 150.000 Massachusetts 3Mis 10.000 Bristol County 4s 125.000 Boston 3Mis 13.000 Brockton 4s 25.000 Fall River 3Mis 10.000 Fall River 4s 26.000 Gloucester 3Hs 19.000 Holyoke 4s 2.000 Lynn 3Hs 73.000 Lynn 4s 28.000 New Bedford 3b£s 66.000 New Bedford 4s 39.000 Newburyport 3}4a 13.000 Newton 3Ms 65.000 Somerville 4s 3.000 Somerville 4M>8 15.000 Taunton 4s 25.000 Waltham 3Mis 33;500 Worcester 3J^s 10.000 Danvers 4s 24.000 Framingham 4s 12.000 Westfield 4s D ates . . Par Value. $18,200 Dedham 4s 25.000 Dalton (F. D.), 4s Railroad Bonds. Par Value. $100,000 Illinois Central 3Lés 25.000 Michigan Central 3Mis 50.000 Minn., St. P. & Sit. St. M. 4s 50.000 New England 4s 75.000 N. Y. C. & H. R. 3Ms 25.000 N. Y. & N. E. Term. 4s 30.000 N. Y., N. H. & H. 3J^s 169.000 N. Y., N. H. & H. 4s 25.000 No. Maine Seaport 5s 145.000 Old Colony 4s 25.000 Peoria & Northw. 3Mis 25.000 Washington Co. 3Mis $13,000 Boston & Albany 3Mis 26.000 Boston & Albany 4s 10.000 Boston & Albany 5s 50.000 Boston & Lowell 3Mis 50.000 Boston & Lowell 4J^s 100.000 Boston & Maine 3Mis 50.000 Boston & Maine 4s 25.000 Boston & Providence 4s 25.000 Boston, Rev. B. & Lynn 4Mis S tr e e t R a ilw a y B o n d s . 100.000 C., B. & Q. 3Ms 125.000 C„ B. & Q. 4s $57,000 Boston Elevated 4s 50.000 Chic. & Northwestern 4s 60.000 West End 4s 50.000 Concord & Montreal 4s 50.000 West End 5s 25.000 Conn. & Pass. Rivers 4s 25.000 Conn. River 4s 25.000 Erie & Pittsburgh 3L£s B a n k S to ck s. 25.000 Fitchburg 3Mis Shs. 50.000 Fitchburg 4s 30 Merchants Nl. Bk., Boston 25.000 Illinois Central 3s 100 Peoples Nl. Bk., Boston and A udit , February 10-17 inclusive. 110 REPO RT OF THE [Pub. Doc. ESSEX SAVINGS BANK, LAWRENCE. t 296 E S S E X Incorporated March 15, 1847. STREET. Number of corporators, 29; number of trustees, 13. W alter E . P ar ke r , President. A lbert I. C ouch , Treasurer. F ranklin B utler , Clerk of the Corporation. Board of Trustees: C. U. B ell , F ranklin B utler , T. M. C ogswell , A. I. C ouch , F. B. D a v is , F. H . E aton , G. E. K unhardt , R . J. M acartney , W. E . P a r ke r , B yron T ru ell , J. E . V a r n e y , R ichard W ard , H. K. W ebster . Board of Investment: W. E. P a r k e r , H. K. W ebster , J. E. V ar n ey , F. H. E aton . Auditing Committee: F. B. D avis , F ranklin B utler , R. J. M acartney . Deposits draw interest from third Wednesday in January, April, July and October; dividends are payable the third Wednesday of April and October. Business hours: 9 a .m . to 1 p .m .; also Sat urdays, 2 to 4 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 1,621 loans on real estate (average of each, $4,799.32) . . . . . . 83 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $125,000; assessed value, $118,700) . . Real estate by foreclosure, etc. (assessed value, $3,700) . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ........................................................................................................................................ T o t a l A s s e ts . . . $1,180,000 00 2,280,000 00 370,000 00 135,000 00 307,500 00 7,779,700 00 2,286,050 00 70,000 00 4,070 66 426,254 20 21,990 22 . . $14,360,565 08 . . $13,539,772 78 Liabilities. Due depositors on 29,783 accounts, averaging $454.61 each . . . (Accounts opened during year, 5,958; closed, 4,004; increase, 1,954) Surplus: — a. Guaranty fund (4.95% of deposits; increase during year, $57,500) . b. Profit and loss (decrease during year, $9,336.22) . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . . . 670,000 00 650,792 30 . $14,880,565 08 No. 8, 111 BAN K COMMISSIONER, T o t a l E x p e n s e s f o r t h e Y e a r , including State Taxes. State Tax (Net). Advertising. Other Expenses. Salaries. Rent. Total. Amount paid for $20,952.43 $21,814.13 $3,000.00 $1,146.40 $7,308.25 $54,221.21 Cost per $1,000 of assets 1.41 1.47 .49 3.65 .20 .08 Cost per $1,000 of assets not including State tax and rent . 2.04 Gross income received during the year, $680,274.63. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 5 % ). Real estate loans (average rate, 4.88 per cent.) : 4%, $40,000; 4M%. $52,000; 4J^%, $1,700,600; 4%%, $138,000; 5%, $5,798,200; 5J^%, $21,000; 6%, $29,900. Personal loans (average rate, 4.30 per cent.): 4%, $376,000; 4J^%, $150,000; 4J£%, $1,197,500; 4 )/*>%, $403,250; 5%, $159,300. Bonds, stocks, etc. (average rate on amounts invested, 5.08 per cent.): 4%, $1,520,000; 4Jf|%, $835,000; 5%, $1,025,000; 6%, $530,000; 7%, $85,000; 8%, $147,500; 10%, $65,000; 12%, $40,000; 16%, $40,000. Number of loans not over $3,000 each, 1,010, amounting to $1,653,850. 162 real estate loans made during year, amounting to $941,150. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $242,652 28 254,328 68 3,030,019 87 Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 50,848, amounting to . Number of withdrawals during year, 23,730, amounting to . $1,132,451 21 Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $200,000 Massachusetts 4s 50.000 Albany, N. Y., 4)^s 150.000 Boston 4s 135.000 Chicago, 111., 4s 25.000 Dayton, Ohio, 4)d>s 50.000 Fall River 4s 100.000 Hartford, Conn., 4J^s 200.000 Indianapolis, Ind.,4s 168.000 Lawrence 4s 72.000 Springfield 4s 30.000 Troy, N. Y., 4s R a ilr o a d B o n d s. $50,000 Baltimore & Ohio 4)^s 100.000 Baltimore & Ohio 5s 40.000 Bangor & Aroostook 5s 100.000 Boston & Albany 5s 50.000 Boston & Lowell 4s 150.000 Boston & Maine 4J^s 25.000 C., B. & Q. 4s 50.000 Chic., Mil. & St. Paul 5s OF S E C U R IT IE S OW NED. Par Value. $40,000 Chic. & Northwestern 4s 90.000 Cleveland & Pitts. 4)^s 50.000 Cleveland Short Line 4p¿s 100.000 Concord & Montreal 4s 100.000 Fitchburg 5s 200.000 Fre., Elkhorn & M. V. 6s 50.000 Louisville & Nashville 5s 100.000 Maine Central 4V£s 65.000 Mil., L. S. & W. 5s » 10.000 Mil., Lake Shore & Western 6s 50.000 Minn., St. P. & Sit. St. M. 5s 50.000 Mobile & Ohio 6s 140.000 N. Y., Lack. & Western 6s 150.000 N. Y., N. H. & H. 4s 25.000 Norfolk & Western 6s 70.000 Northwestern Union 7s 25.000 Pensacola & Atlantic 6s 60.000 Rome, Water. & Og. 5s 50.000 San Fran. & San Joaq. V. 5s 100.000 St. P., Minn. & Man. 4}is 40.000 St. Paul, Minn. & Man. 6s 35.000 St. Paul & Sioux City 6s 15.000 Winona & St. Peter 7s 100,000 Wilmar & Sioux Falls 5s D ate op E xam ination , December 18-23, inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $3,527,000 83 2,394,549 62 S tr e e t R a ilw a y B o n d s . Par Value. $70,000 Boston Elevated 4J^s 50.000 Holyoke 5s 200,000 West End 5s 50.000 Worcester Consol. 4}^s B a n k S to c k s. Shs. 400 First Nl. Bk., Boston 75 Fourth-Atlantic Nl. Bk., Boston 400 Merchants Nl. Bk., Boston 500 Nl. Shawmut Bk., Boston 200 Nl. Union Bk., Boston 300 Second Nl. Bk., Boston 200 Webster & Atlas Nl. Bk., Boston 100 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 [Pub. Doc. REPORT OF TH E 112 EVERETT SAVINGS BANK, EVERETT. 440 B R O A D W A Y . Incorporated March 1, 1889. Number of corporators, 38; Number of trustees, 18. C olumbus C orey , President. H enry K . V e a zie , Clerk of the Corporation. E dgar A. C a t e , Treasurer. Sara E. D resser , Assistant Treasurer. Board of Trustees: D . P. B aile y , J. A. B en ner , J. J. C annell , W. H . C an nell , E. A. C arter > E. A. C ate , C olumbus C orey , F. E. D y e r , W. A. H am , F. M . H olmes, C harles M an ser , N athan N ichols, J. W. P h ilbrick , G. W. P laisted , T. A. Sm ith , J. T. Sw a n , H . K. V e a zie , F. B. W oods. Board of Investment: W. A. H am , G. W. P laisted , E. A. C a te , F. B. W oods, T. A. Smith . Auditing Committee: F. E. D y e r , N athan N ichols, E. A. C ar ter . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable the second Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; also Saturdays, 7.30 to 8.30 p .m ., for deposits only. STATEM EN T OF C O N D IT IO N ., O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . 366 loans on real estate {average of each, $2,694.80) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $987,750 00 1,450 00 . . . 8 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $20,000; assessed value, $12,800) Deposits in national banks or trust companies . . . Cash and cash items . . . . . . . . . . T o t a l A s s e ts . . 00 50 00 00 986,300 21,800 19,800 33,546 4,562 00 00 00 57 56 . . $1,493,872 63 Due depositors on 7,499 accounts, averaging $192.82 each . . . . (Accounts opened during year, 1,287; closed, 772; increase, 515) Surplus: — a. Guaranty fund (2.61% of deposits; increase during year, $3,600) . b. Profit and loss (increase during year, $2,315.44) . . . . . . $1,445,980 54 * . $142,900 196,587 69,051 24,325 L ia b ilitie s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . 37,750 00 15,142 09 . $1,498,872 63 . No. 8.] BAN K COM M ISSIO N ER. 113 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,474.44 $4,403.58 $300.00 $303.80 $1,773.69 $8,255.51 Cost per $1,000 of assets .98 2.94 .20 .20 1.18 5.50 Cost per $1,000 of assets not including State tax and rent . . . . . . 4.32 Gross income received during the year, $65,052.45. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 9 % ). Real estate loans (average rate, 5.19 per cent.): 4J^%, $20,000; 4J^%, $35,000; i% % , $9,900; 5%, $538,700; 5A % , $313,050; 6%, $69,650. Personal loans (average rate, 4.64 per cent.): 4h£%, $15,000; 5%, $2,000; 5A % , $2,900; 6%, $1,900. Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3J^%, $75,000; 4%, $242,500; 4M%, $5,500; 4)^%, $78,000; 5%, $42,000. Number of loans not over $3,000 each, 290, amounting to $484,400. 55 real estate loans made during year, amounting to $168,750. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 14,660, amounting to Number of withdrawals during year, 7,359, amounting to $24,257 21 26,249 34 481,660 19 . . . Net increase in amount due depositors SCH EDULE P u b lic F u n d s , B o n d s . op E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S E C U R IT IE S and $532,166 74 358,670 73 OW NED. R a ilr o a d B o n d s . $19,500 Everett 4s 5,500 Everett 4J^s D ates OF $15,000 Baltimore & Ohio 4J^s 10.000 Baltimore & Ohio 5s 20.000 Boston & Albany 4s 10.000 Boston & Lowell 4s 10.000 Boston <fc Maine 4s 10.000 Boston & Maine 4}/£s 10.000 C., B. &Q. 4s 20.000 Chic., Mil. & St. Paul 4^s 15.000 Chic. & Northwestern 4s 10.000 Illinois Central 3J^s P u b lic F u n d s , N o te s . . $173,496 01 Par Value. $3,000 Everett iA s 2,000 Everett 5s Par Value. $10,000 Massachusetts 3)^s 20.000 Boston 3As 26.000 Everett 4s 15.000 Fall River SAs 10.000 Fall River 4s 3.000 Quincy 4s 7.000 Adams 4s 12.000 Clinton 4s 10.000 Dudley 3)^s . Par Value. $7,000 Illinois Central 4s 2,000 Indiana, 111. & Iowa 4s 10.000 Maine Central 4J^s 4.000 Michigan Central 4s 20.000 N. Y. C. & H. R. 4s 10.000 N. Y., N. H. & H. 3'As 10.000 Old Colony 4s 10.000 Southern Pacific 4s S tr e e t R a ilw a y B o n d s . $10,000 Boston Elevated 4s 20.000 Boston Elevated 4J^s 30.000 Boston Elevated 5s 10.000 West End 4s A udit , March 27-April 1 inclusive. REPO RT OF TH E 114 [Pub. Doc. FAIRHAVEN INSTITUTION FOR SAVINGS, FAIRHAVEN. 19 Incorporated February 10, 1832. CENTRE STREET. Number of corporators, 48; number of trustees, 18. T homas A. T hipp , President. C harles H. M orton , Treasurer. E lisha S. W hiting , Jr., Clerk of the Corporation. Board of Trustees: J. H. A llen , L. E. B entley , S. S. B umptjs, D . W. D e a n e , L. L e B. D e x te r , W. B. G ardn er , W. H. J udd , D . N. K elley , G. B. L uther , C. H. M orton , L. W. M orton , H K . N ye , A ndrew Sn ow , Jr., E. G. Spooner , E. G . T allman , J. C. T ripp , T . A . T r ipp , E. S. W hiting , Jr. Board of Investment: T . A . T r ipp , W. H. J udd , G. B. L u ther , L. E. B en tley , D . W. D e a n e . Auditing Committee: J. C. T r ipp , G. B. L uther , J. H. A llen . Deposits draw interest from last Monday of January, April, July and October; dividends are payable the last Monday of April and October. Business hours: 9 a .m . to 1 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 444 loans on real estate (average of each, $1,952.61) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . $83,300 186,660 25,570 22,756 29,760 1,898 20 00 00 25 00 75 866,960 259,200 5,000 150 53,787 207 66 00 00 00 96 54 $868,960 66 2,000 00 43 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $5,000; assessed value, $3,990) Real estate by foreclosure, etc. (assessed value, $190) Deposits in national banks or trust companies . . . . Cash . . . . . . . . . . . . $1,535,251 36 T o t a l A s s e ts L ia b ilitie s . Due depositors on 2,324 accounts, averaging $614.53 each . . . . (Accounts opened during year, 268; closed, 158; increase, 110) Surplus: — a. Guaranty fund (3.54% of deposits; increase during year, $6,500) . b. Profit and loss (increase during year, $6,432.71) . . . . . Current income: — Interest . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . $1,428,165 23 . . 50,500 00 56,433 48 . 152 65 . $1,535,251 36 No. 8.] BAN K COM M ISSIO N ER. 115 T o t a l E xpen ses fo r th e Y e a r, in c lu d in g S ta te T axes. Advertising. Other Expenses. State Tax (Net). Salaries. Rent. Amount paid for $1,272.71 $2,242.07 $3,112.04 $500.00 $191.73 Cost per $1,000 of assets .32 .12 .83 1.46 2.03 Cost per $1,000 of assets not including State tax and rent . Total. $7,318.55 4.76 2.98 Gross income received during the year, $73,298.41. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 5 .0 2 % ). Real estate loans (average rate, 5.44 per cent.): 5%, $350,692.22; 5^2%, $268,605.60; 6%, $247,662.84. Personal loans (average rate, 4.57 per cent.): 4J^%, $212,000; 4)4%, $30,000; 5%, $15,200; 5J^%, $1,400; 6%, $600. Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3%, $10,000; 3.20%, $3,500; 3*3%, $67,000; 4%, $176,600; 4.30%, $5,000; 4V2%, $35,000; 5%, $42,880; 7%, $9,000; 9%, $ 8 , 100. Number of loans not over $3,000 each, 437, amounting to $548,063.41. 48 real estate loans made during year, amounting to $149,190. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $26,459 62 26,978 33 209,059 00 Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 1,598, amounting to Number of withdrawals during year, 1,386, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , N o te s . $5,000 Avon 4.30% 3,500 Blandford 3.20% 3,000 Huntington 4s E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . S E C U R IT IE S . and . . . . . $262,496 95 188,077 26 . $74,419 69 OW NED. Par Value. $10,000 Baltimore & Ohio 4J)>s 10.000 Baltimore & Ohio 5s 10.000 Boston & Albany 4s 10.000 Boston & Maine 3s 10.000 Boston & Maine 3L£s 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 3Hs 10.000 Fitchburg 4s 10.000 Fitchburg 4)^s 20.000 Illinois Central 3H>s 2.000 Minn. & Iowa 3)^s 5.000 N. Y. C. & H. R. 3^s 10.000 N. Y., N. H. & H. 3J4s Par Value. $20,000 Boston 4s 10.000 Fall River 4s 5.000 Lynn 4s 5.000 Mansfield 4s 5.000 Norwood 4J4s 10.000 Peabody 4s 5,600 Plainville 4s 2.000 Revere 4s 8.000 Westborough 4s of OF . . R a ilr o a d B o n d s . P u b lic F u n d s , B o n d s. D ates . . A u dit , May 22-26 inclusive. Par Value. $15,000 N. Y., N. H. & H. 4s 5.000 No. Maine Seaport 5s 5.000 Peoria & Northw. 3)^s 10.000 Portland Terminal Co. 4s 5.000 Washington Co. 3L£s S tr e e t R a ilw a y B o n d s . $10,000 Boston Elevated 4s 10.000 Boston Elevated 4)^s 6.000 Boston Elevated 5s B a n k S to c k s. Shs. 211 Nl. Bk. of Fairhaven 90 First Nl. Bk., New Bedford 68 Mechanics Nl. Bk., New Bedford 13 Merchants Nl. Bk., New Bedford REPORT OF TH E 116 [Pub. Doc. FALL RIVER SAVINGS BANK, FALL RIVER. 141 N O R T H Incorporated March 11, 1828. M A IN STREET. Number of corporators, 96; number of trustees, 19. H enry C. H aw kin s , President. J ames N. B uffinton , Clerk of the Corporation. I. P. G ardn er , Treasurer. C. M. F reeborn , Assistant Treasurer. Board of Trustees: C. M. A llen , H. P. B row n , J. N. B uffinton , D. J. B urdick , B. D. D avol , N . R . E ar l , E. J. F rench , I. P. G ardn er , B. S. C. G ifford , W. S. G re en e , H. C. H a w k in s , W. F. H ooper , H. H. H orton , W. H. J ennings , C. B. L uther , J. E. N ew ton , E. B . V ar n ey , L. E . W ood, C. B. W oodman . Board of Investment: H. C. H aw kin s , C. M. A llen , D . J. B urdick , L. E. W ood, C. B. W oodman . Auditing Committee: E . J. F rench , H. H. H orton , B. S. C. G ifford . Deposits draw interest from first Monday of January, April, July and October; dividends are pay able first Monday of April and October. Business hours: 9 a .m . to 2 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Stocks of banks and trust companies . . . 878 loans on real estate (average of each, $4,848.66) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . $4,306,722 00 . . . 49,598 00 --------------------53 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $30,000; assessed value, $58,300) . . Deposits in national banks or trust companies . . . . . . . C a s h ....................................... ................................................................................................ . . . . . . . $854,500 00 4,334,000 00 224,010 00 4,257,124 975,680 30,000 156,619 10,927 00 00 00 13 84 . $10 ,84 2 ,8 6 0 97 T o t a l A s s e ts L ia b ilitie s . Due depositors on 19,771 accounts, averaging $499.24 each . . . (Accounts opened during year, 2,602; closed, 2,012; increase, 690) Surplus: — a. Guaranty fund {4.09% of deposits; increase during year, $20,076) b. Profit and loss {decrease during year, $48,211.36) . . . . Current income: — a. Interest . . . . . . . $18,037 02 b. Rent . . . . . . . 368 53 --------------------Less current expenses not charged off . . . . . $9,870,502 41 . . 492,775 00 373,732 95 $18,405 55 2,061 05 16,344 88,503 994 8 Unearned discount Suspense account Due on internal revenue tax https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . T o t a l L ia b ilitie s . 50 28 22 61 . $ 10,842,860 97 BAN K COM M ISSIONER, No. 8.] 117 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $2,553.87 $44,847.70 Amount paid for $21,187.71 $19,106.12 $2,000.00 .23 4.11 Cost per $1,000 of assets 1.95 1.75 .18 1.98 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $545,437.59. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 5 .1 1 % ). Real estate loans (average rate, 5.02 per cent.): 4)4%, $780,900; 5%, $2,552,329; 5J^%, $923,895. Personal loans (average rate, 4.22 per cent.): 4%, $330,000; 4}^%, $90,000; 4)4%, $296,000; 4)4%, $250,780; 5%, $8,900. Bonds, stocks, etc. (average rate on amounts invested, 5.35 per cent.): 4%, $1,164,500; 4J4%. $350,000; 5%, $1,292,000; 6%, $2,306,000; 7%, $220,000; 8%, $28,600; 9%, $22,000; 12%, $23,200; 16%, $i,200; 29%, $5,000. Number of loans not over $3,000 each, 418, amounting to $710,426.. 113 real estate loans made during year, amounting to $536,815. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 21,892, amounting to . . . . . . ....................................... . . . . Number of withdrawals during year, 15,972, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $100,000 Massachusetts 4s 370.000 Boston 4s 50.000 Fall River 4s 100.000 Newark, N. J., 4J4s 5.000 Lynn 4s 9,500 Lowell 4s 10.000 Pittsfield 4s 5.000 Taunton 4s 105.000 Worcester 4s P u b lic F u n d s , N o te s . $100,000 Hampden Co. 4s R a ilr o a d B on d 3 . $100,000 Boston & Maine 4)4s 200.000 Central R.R. of N. J. 5s 9,000 C., B. & Q. 5s 100.000 Chic., Mil. & St. Paul 4J4s . OF . . S E C U R IT IE S . . . . $2,071,403 87 1,631,819 69 . . . $439,584 18 OW NED. Par Value. $75,000 Chic., Mil. & St. Paul 5s 22.000 Chic. & Northw. 5s 250.000 Chic., R. I. & Pac. 6s 200.000 Chic., St. P., M. & 0. 6s 50.000 Cleveland & Pitts. 4J4s 100.000 Delaware & Hudson 7s 100.000 Fre., Elkhorn & Mo. V. 6s 25.000 Gouverneur & Osw. 5s 200.000 Illinois Central 4s 100.000 Illinois Central 5s 40.000 Kal., Alleg. & Gr. Rpds. 5s 200.000 Louisville & Nash. 5s 60.000 Mahoning Coal 5s 161.000 Mich. Cen.-Det. & B. C. 5s 100.000 Mil., L. S. & Western 5s 79.000 Mil., L. S. & Western 6s 55.000 Minneapolis Union 6s 200.000 Montana Central 6s 200.000 New Orleans & Mo. Div. 6s 350.000 N. Y., Lack. & West. 6s 210.000 N. Y., N. H. & H. 4s 200.000 Norfolk & Western 6s D a t e s o f E x a m in a t io n , October 18-21 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $183,007 08 187,474 88 1,700,921 91 Par Value. $100,000 Philadelphia & Erie 6s 27.000 Pitts., McKees. & Yough. 6s 50.000 Rome, Water. & Og. 5s 100.000 San Fran. & San Joaq.Val. 5s 45.000 Schenec. & Duanesb. 6s 150.000 St. J. & L. C. 5s 250.000 St. P., Minn. & Man. 6s 171.000 St. Paul & No. P. 6s 55,000 Troy & Boston 7s B a n k S to c k s. Shs. 150 Eliot Nl. Bk., Boston 12 First Nl. Bk., Boston 286 Nl. Shawmut Bk., Boston 232 Second Nl. Bk., Boston 86 Fall River Nl. Bk. 50 First Nl. Bk., Fall River 650 Massassoit-Poc. Nl. Bk.,Fall River 704 Metacomet Nl. Bk., Fall River 220 Merchants Nl. Bk., New Bedford REPORT OF TH E 118 [Pub. Doc. FALL RIVER FIVE CENTS SAVINGS BANK, FALL RIVER. 79 N O R T H Incorporated April 10, 1855. M A IN STREET. Number of corporators, 39; number of trustees, 18. G eorge S. D avol , President. E verett N . Slade , Clerk of the Corporation. C harles L. H olmes, Treasurer. W illiam B. L ovell , Assistant Treasurer. Board of Trustees: C . N. B orden , J. H . B ow en , G. P. B row n , James B uffington , S. B. C hase , A. P. D avol , G. S. D avol , W. E. D ow , H. B. D urfee , N athan D urfee , R. N. D urfee , O. S. H aw es , C. L. H olmes, J. F. Jackson , E. B. J ennings , L eontine L incoln , A . A . M ills , C. S. W aring . Board of Investment: A. P. D avol , H. B. D u rfee , O. S. H aw e s , E. B. J ennings , C. S. W aring . Auditing Committee: C. N. B orden , G. P. B row n , A. P. D avol . Deposits draw interest from first Monday of March, June, September and December; dividends are payable the second Monday of June and December. Business hours: 9 a .m . to 2 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 663 loans on real estate (average of each, ¡83,725.38) Less amount due on uncompleted loans . $470,000 2,950,418 144,000 113,812 173,200 13,152 $2,503,602 00 33,673 38 74 loans on personal security . . . . . . Bank building and fixtures (estimated value, $284,000; assessed value, 200, 000) Real estate by foreclosure, etc. (assessed value, $2,550) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies Cash and cash items . . . . . . . T ota l A 00 75 00 50 00 00 2,469,928 62 1,165,150 00 200,000 00 1,936 71 280,637 10,866 76 68 66 23 s s e t s ...............................................$ 7,993,174 20 L ia b ilitie s . Due depositors on 27,195 accounts, averaging $265.49 each . . . . . (Accounts opened during year, 4,808; closed, 2,971; increase, 1,837) Surplus: — a. Guaranty fund (4-86% of deposits; increase during year, $18,363.93) . . b. Profit and loss (increase during year, $3,809.75) . , . . . . Current income: — I n t e r e s t .................................................................................................................... Unearned discount . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $7,220 035 09 351,322 90 218 793 73 159,095 27 43927 21 T o t a l L i a b i l i t i e s ............................................... $ 7,993,174 20 BANK COMMISSIONER No. 8.] 119 T o t a l E xpenses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Total. State Tax (Net). Salaries. Rent. Advertising. Other Expenses $50,206.05 Amount paid for $19,060.01 $18,512.59 $6,500.00 $794.29 $5,339.16 6.26 Cost per $1,000 of assets 2.38 2.31 .81 .09 .67 Cost per $1,000 of assets not including State tax and rent . . . . . . 3.07 Gross income received during the year, $372,762.25. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 5 .0 1 % ). Real estate loans (average rate, 5.27 per cent.): 4j^%, $138,700; 4M%, $43,000; 5%, $812,533.87; 5J^%, $1,466,244.75; 6%, $9,450. Personal loans (average rate, 4.32 per cent.): 3%%, $25,000; 4%, $345,000; 4)4%, $295,300; 4Y^%, $355,000; 4%%, $30,500; 5%, $114,350. Bonds, stocks, etc. (average rate on amounts invested, 5.07 per cent.): 3J4%, $100,000; 4%, $1,280,000; 4K % . $230,000; 5%, $924,000; 6%, $1,178,700; 7%, $124,200; 8%, $55,500; 10%, $5,000. Number of loans not over $3,000 each, 389, amounting to $624,677. 114 real estate loans made during year, amounting to $690,150. D iv id e n d s , D e p o s it s a n d l^ r t h d r a w a ls . $128,726 70 132,184 75 1,600,986 24 Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2% Number of deposits during year, 45,013, amounting to Number of withdrawals during year, 23,370, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $25,000 California 4s 100,000 Massachusetts 3J4s 50.000 Boston 4s 50.000 Cleveland, 0., 4)4.3 70.000 Fall River 4s 25.000 Grand Rapids, Mich., 4J^s 25.000 Hartford, Conn., 4)4a 25.000 Portland, Ore., 4b£s 50.000 Seattle, Wash.,4p2S 50.000 Worcester 4s R a ilr o a d B o n d s. $115,000 Baltimore & Ohio 4s 20,200 Burlington & Mo. Riv. 6s 110.000 G, B. & Q. 4s 162.000 C., B. & Q. 5s 40.000 Chicago, Mil. & St. Paul 5s 30.000 Chic. & Northwestern 5s D ates op . OF . . S E C U R IT IE S . . . . . . $1,861,897 69 1,362,485 80 . $499,411 89 OW NED. Par Value. $99,000 Chic. & Northwestern 6s 25.000 Cleveland & Pittsburg 4)4b 31.000 Delaware & Hudson 7s 242.000 Fre., Elk. & Mo. Val. 6s 370.000 Illinois Central 4s 20.000 Louisville & Nashville 5s 130.000 Louisville & Nashville 6s 100.000 Mahoning Coal 5s 50.000 Mich. Cent.-Det. & B. C. 5s 205.000 Mil., L. S. & Western 5s 83.000 Mil., L. S. & Western 6s 15.000 Mont. Central 5s 300.000 N. Y., Lack. & West. 6s 250.000 N. Y., N. H. & H. 4s 25.000 Northwestern Union 7s 100.000 Philadelphia & Erie 6s 115 Portland Terminal Co. 4s 159.000 St. J. & L. C. 5s 100.000 St. P., Minn. & Man. 6s 10.000 St. Paul & North. Pae. 6s 10.000 St. Paul & Sioux City 6s E xam ination , June 30-July 5 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Par Value. $30,000 Schenec. & Duansbg. 6s 19.000 Southern Pacific 5s 20.000 Winona & St. Peter 7s S tr e e t R a ilw a y B o n d s . $87,000 Boston Elevated 5s 30.000 Boston Elevated 4)4s 27.000 Brockton 5s B a n k S to ck s. Shs. 255 Fourth-Atlantic Nl. Bk., Boston 50 Merchants Nl. Bk., Boston 300 Webster & Atlas Nl. Bk., Boston 20 Dedham Nl Bk. 100 Fall River Nl. Bk. 482 Massasoit-Poc. Nl. Bk., Fall River 425 Metacomet Nl. Bk., Fall River 100 Taunton Nl. Bk. 120 REPO RT OF TH E [Pub. Doc, FARMERS AND MECHANICS SAVINGS BANK, FRAMINGHAM. 26 C O N C O R D Incorporated April 23, 1883. W illard H ow e , President.* STREET. Number of corporators, 36; number of trustees, 10. J ulian W . P hillips , Treasurer. A rthur F. H a ll , Clerk of the Corporation. Board of Trustees: A. S. B aldw in , A. M. F itts , G. E. F ow ler , C. E. H aberstroh , L. H. H ooker , H . M. H o w e , W illard H ow e , J. W. P h illips , W. F. R ichardson , J. T. W hitney . Board of Investment: A . M. F itts , J. W . P h illips , J. T. W hitney , W . F. R ichardson , L. H . H ooker , C. E. H aberstroh . Auditing Committee: H. M. H ow e , A. S. B aldw in , L. H. H ooker , G. E. F ow ler . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 524 loans on real estate (average of each, $2,650.19) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,391,477 06 2,775 00 86 loans on personal security . . . . Furniture and fixtures . . . . . . Real estate by foreclosure, etc. (assessed value, S9,950) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies Cash and cash items . . . . . . T ota l A $340,478 40,106 41,461 16,386 00 25 25 45 1,388,702 422,899 5,500 12,894 346 13,981 11,329 06 00 00 13 35 54 80 s s e t s ...............................................$2,2 94 ,0 8 4 83 L ia b ilitie s . Due depositors on 8,457 accounts, averaging $254.89 each (Accounts opened during year, 1,829; closed, 1,016; increase, 818) Surplus: — a. Guaranty fund (8.02% of deposits; increase during year, $5,300) 6. Profit and loss (increase during year, $2,886.52) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . . . 65,050 00 69,091 91 $4,671 28 739 65 3,931 63 403 00 Suspense account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,155,608 29 T o t a l L i a b i l i t i e s ...............................................$2,2 94 ,0 8 4 83 * Since deceased. No. 8.] 121 BANK COMMISSIONER. T o t a l E xp en ses fo r t h e Y e a r , in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,126.70 $6,356.82 $1,500.00 $359.45 $2,630.28 $13,973.25 Cost per $1,000 of assets 1.36 2.77 .65 .16 1.15 6.09 Cost per $1,000 of assets not including State tax and rent . 4.08 Gross income received during the year, $99,364.52. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 3 % ). Real estate loans (average rate, 5.05 per cent.): 4M%, $28,000; 5%, $1,267,737.06; 5J^%, $7,800; 6%, $85,165. Personal loans (average rate, 4.53 per cent.): 4M%, $188,000; 4%%, $45,000; 4M%, $90,000; 4%%, $46,000; 5%, $24,430; 5M%, $8,300; 6%, $21,169. Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 3M%, $45,000; 4%, $216,000; 4M%, $40,000; 5%, $130,000; 6%, $11,900; 12%, $900. Number of loans not over $3,000 each, 475, amounting to $693,960.01. 87 real estate loans made during year, amounting to $253,750. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 15,293, amounting to . . . . . ....................................... . . . . . Number of withdrawals during year, 8,814, amounting to . Net increase in amount due depositors SCHEDULE R a ilr o a d B o n d s . Par Value. $15,000 Baltimore & Ohio 4s 45.000 Bangor & Aroostook 5s 5.000 Boston & Albany 3Ms 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. 3Ms 15.000 Chic., Mil. & St. Paul 5s 20.000 Fitchburg 4s 15.000 Illinois Central 4s D ates of . OF . . S E C U R IT IE S . S tr e e t R a ilw a y B o n d s . $15,000 Boston Elevated 4s 25.000 West End 4,Ms . . . . . $729,592 90 455,971 88 . $273,621 02 OW NED. Par Value. $15,000 Louisville & Nashville 5s 15.000 Maine Central 4Ms 15.000 Minn., St. P. & Sit. St. M. 4s 10.000 N. Y., N. H. & H. 3Ms 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 E xam ination , May 3 -6 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $36,015 50 38,927 09 654,650 31 B a n k S to c k s. Shs. 16 Eliot Nl. Bk., Boston 9 Second Nl. Bk., Boston 100 Framingham Nl. Bk. ,9 Northborough Nl. Bk. 10 First Nl. Bk. of Newton, W. New. 122 REPO RT OF THE [Pub. Doc. FITCHBURG SAVINGS BANK, FITCHBURG. 745 M A I N Incorporated February 12, 1846. STREET. Number of corporators, 58; number of trustees, 27. C haeles E. W a e e , President. E benezeb B a ile y , Clerk of the Corporation. F eedeeic C. N ichols , Treasurer. A bthub H. B eow n , Assistant Treasurer. Board of Trustees: H en by A llison , H aebison B a il e y , B. A. C ook , A lvah C eockee , S. E. M . C eockee , G. H. C utleb , J. H. D an iels , D. M. D illon , G. A. D unn , M. F. D unn , B. D. D w in ne ll , C haeles F osdick , F. EL Foss, S. EL F bancis , G. P. G eant , Jr., J. L. J ohnson , A . H. L ow e , T. F. M ue nane , F. C. N ichols, C. M. P a e k e e , F. W. P a b ks , W. E. P utney , EI. K. Simonds, J. A . Stiles , H. G. T ownsend , G. R. W allace , C. E. W a e e . Board of Investment: C. M. P ae ke e , C. E. W ae e , J. L. J ohnson, F. H. F oss, S. H. F eancis , F. W. P a b ks . Auditing Committee: H aeeison B a ile y , B. D. D w in n ell , M. F. D unn . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 8.45 a .m . to 3 p .m .; Saturdays, 8.45 a .m . to 12 m .; also Tuesdays, 6 to 8 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 990 loans on real estate (average of each, $4,798.5%) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,796,337 00 . . 45,800 00 --------------------154 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $125,000; assessed value, $123,000) . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . . . 8608,190 00 530,200 00 127,100 00 50,000 00 50,000 00 206,000 00 4,750,537 00 1,797,898 00 75,000 00 319,235 50 8,633 68 s s e t s ...............................................$8,5 22 ,7 9 4 18 L ia b i l i t i e s . Due depositors on 15,752 accounts, averaging $499.88 each . ) (Accounts opened during year, 3,081; closed, 1,768; increase, 1,313) Surplus: — a. Guaranty fund (J.85% of deposits; increase during year, $34,975) b. Profit and loss (decrease during year, $14,333.53) . . . . . . Current income: — a. Interest . . . . . . . . . . $164,856 97 b. Rent . . . . . . . . . . 1,646 12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $7,873,861 61 385,500 00 96,929 48 166,503 09 T o t a l L ia b ilitie s . . $ 8,522,794 18 No. 8. BANK COMMISSIONER. 123 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $11,988.21 $15,629.88 $1,500.00 $1,656.41 $7,182.91 $37,957.41 Cost per $1,000 of assets 1.41 1.83 .17 .19 .84 4.44 Cost per $1,000 of assets not including State tax and rent . 2.86 Gross income received during the year, $381,603.71. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 5 % ). Real estate loans (average rate, 4.96 per cent.): 4}4%, $352,700; 4%%, $10,000; 5%, $4,376,487: 514% $10,900; 6%, $450. Personal loans (average rate, 4.97 per cent.): 4%%, $50,000; 4%%., $25,000; 4J^%, $165,000; 4%% $30,000; 5%, $1,417,073; 5V2%, $55,600; 6%, $55,225. Bonds, stocks, etc. (average rate on amounts invested, 4.39 per cent.): 3J^%, $210,000; 3%%, $2 0004%, $832,900; 4K%, $5,000; 4 ^ % , $246,297.45 ; 4%%, $1,000; 5%, $79,000; 5 ^ % , $3,000^ 6%, $40,500; 7%, $6,700; 8%, $72,500; 10%, $25,500; 16%, $10,000. Number of loans not over $3,000 each, 707, amounting to $1,095,845. 175 real estate loans made during year, amounting to $1,388,670. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2J4% July, 1916, 2% Number of deposits during year, 20,329, amounting to $155,227 16 145,736 38 1,670,660 71 Number of withdrawals during year, 10,431, amounting to $1,971,624 25 1,181,009 29 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $75,000 Massachusetts 3J^s 25.000 Massachusetts 4s 7.000 Akron, 0., 4}4s 8.000 Akron, 0., 5s 3.000 Akron, 0., 5)4is 65.000 Boston 4s 25.000 Canton, 0., 5s 27.000 Chicago, 111., 4s 2.000 Dayton, 0., 4s 12.000 Dayton, 0., 5s 3.000 Everett 4s 45.000 Fall River 4s 30.000 Fitchburg 4s 25.000 Grand Rapids, Mich., 4J^s 8.000 Haverhill 4s 22.000 Lawrence 4s 4.000 Lorain, O., 5s 12.000 Lowell 4s 14.000 Lynn 4s 28.000 Malden 4s 9.000 Marlborough 4s 900 Melrose 4s 15.000 Milwaukee, Wis., 4Ji>s 5.000 Minneapolis, Minn., 4s 1.000 Minneapolis, Minn., 4%s 11.000 New Bedford 4s 6.000 Quincy 4}4s 5.000 Somerville 3J^s 13.000 Somerville 4s $790,614 96 OF S E C U R IT IE S Par Value. $5,000 Springfield 3}4s 5.000 Springfield 4}.{s 1.000 St. Paul, Minn., 4s 10.000 Taunton 4s 6,546 Troy, N. Y., 4^s 10.000 Wilkes-Barre, Pa., 4s 5.000 Wilkes-Barre, Pa., 4}4s 20.000 Yonkers, N. Y„ 4'As 6.000 Franklin 4s 10.000 Stamford, Ct., 4s 10.000 Watertown 4s 4.000 Wellesley 4s 3.000 Westminster 4s 4.000 Shelburne Falls (F. D.) 4s P u b lic F u n d s , N o te s . $2,000 Ashburnham 3%s 1,750 Ashburnham 4Jdis R a ilr o a d B o n d s . $23,000.Baltimore & Ohio 4}4>s 31.000 Boston & Albany 4s 20.000 Boston & Albany 5s 30.000 C., B. & Q. 4s 25.000 Concord & Montreal 4s 129.000 Fitchburg 4s 68.000 Fitchburg 4J4s 25.000 Illinois Central 3Jdis OW NED. Par Value. $25,000 Maine Central 4)^s 25.000 Minn., St. P. & Sit. St. M. 4s 25.000 New England 4s 25.000 N. Y. C. & H. R. 4s 50.000 N. Y„ N. H. & H. 3^s 35.000 Old Colony 4s 1.000 Rome, Wat. & Ogdens. 5s S t r e e t Railway Bonds. $30,000 Boston Elevated 4s 10.000 Boston Elevated 4J£s 9.000 Fitchburg & Leominster 4J^s 5.000 Fitchburg & Leominster 5s 4.000 Leom., Snirley & Ayer 5s 45.000 West End 4s 25.000 West End 4^8 B a n k S to c k s. Shs. 100 First Nl. Bk., Boston 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. D a t e s of E x a m in a t io n a n d A u d it , December 11 -1 6 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 124 REPO RT OF THE [Pub. Doc. FLORENCE SAVINGS BANK, FLORENCE. 85 M A I N Incorporated February 14, 1873. STREET. Number of corporators, 34; number of trustees, 19. F rederick C. E ly , Clerk of the Corporation. Board of Trustees: H . N . B rew ster , R . H . C ook , W illiam C ordes , F . C. E ly , O. F. E ly , E . T. F oley , E. E . G ra ves , E . A. H aven , H. B. H a v en , C. A. H u x l e y , L. W. M organ , E. M . P limp ton , L. F. P limpton , E . A. R ic e , W . H . R ice , H . E . R iley , O. M . S mith , A. M . W ar e , A. C. W a r n er . Board of Investment: L. F. P limpton , A. M . W a r e , W. H . R ice , H. B. H a v e n , W illiam C ordes. Auditing Committee: H . B. H a v en , A. C. W ar n e r , F. C. E l y . 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. STATEM EN T OF C O N D IT IO N , O C T O E E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 260 loans on real estate (average of each, 82,069) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . $540,941 00 . . . 3,000 00 --------------------23 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $5,100; assessed value, $3,000) . . Premium account . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . $15,000 168,173 56,037 13,665 17,900 00 75 50 00 00 537,941 00 16,426 00 4,000 00 471 25 18,929 67 1,593 08 $850,137 25 L ia b i l i t i e s . Due depositors on 2,688 accounts, averaging $292.23 each . . . . . (Accounts opened during year, 495; closed, 336; increase, 159) Surplus : — a. Guaranty fund (4.66% of deposits; increase during year, $1,873) . . . h. Profit and loss (increase during year, $3,395.33) . . . . . . Current income: — Interest . . . . . . . . . . $951 69 Less current expenses not charged off . . . . 167 23 --------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . . . $785,516 48 36,640 00 27,196 31 784 46 $850,137 25 No. 8.] BAN K COMMISSIONER. 125 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Kent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $573.54 $3,244.90 Amount paid for $992.26 $1,350.00 $200.00 $129.10 .67 3.82 Cost per $1,000 of assets 1.17 1.59 .24 .15 2.41 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $36,840.78. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 1 % ). Real estate loans (average rate, 5 per cent.): 5%, $537,591; 6%, $350. Personal loans (average rate, 5.07 per cent.): 5%, $15,271; 6%, $1,155. Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 3%, $5,000; 3J^%, $32,000; 4%, $145,000; 4y2%, $50,000; 5%, $35,400; 7%, $12,500. Number of loans not over $3,000 each, 234, amounting to $352,117. 42 real estate loans made during year, amounting to $94,350. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 4,903, amounting to $13,631 38 14,281 54 199,985 70 Number of withdrawals during year, 2,376, amounting to $227,898 62 146,841 60 $81,057 02 Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s . Par Value. $10,000 Boston 4s 5,000 San Francisco, Cal., 5s R a ilr o a d B o n d s . $5,000 Baltimore & Ohio 3h£s 10.000 Baltimore & Ohio 5s 5,000 Boston & Albany 4s 10.000 Boston & Lowell 4)^s D ate op E xam ination , May 25. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF S E C U R IT IE S OW NED. Par Value. $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 4p£s 5.000 Illinois Central 3s 27.000 Illinois Central 3J^s 5.000 Illinois Central 4s 5.000 Maine Central 4J^s 45.000 N. Y„ N. H. & H. 4s 15.000 Northern Pacific 4J^s S tr e e t R a ilw a y B o n d s . Par Value. $15,000 Boston Elevated 4s 5.000 Boston Elevated 4b£s 15.000 Boston & Northern 4s 20.000 Old Colony 4s 5.000 West End 5s B a n k S to c k s. Shs. 85 Home Nl. Bk., Holyoke 40 First Nl. Bk., Northampton 54 Hamp. Co. Nl. Bk., Northampton 126 [Pub. Doc. REPO RT OF THE FOXBOROUGH SAVINGS BANK, FOXBOROUGH. SCHOOL, CORNER Incorporated April 18, 1855. OF SOUTH STREET. Number of corporators, 30; number of trustees, 17. L ew is E. G r a y , President. G eorge R . E llis , Clerk of the Corporation. H arrie F. G r a y , Treasurer. N ellie F. C apen , Assistant Treasurer. Board of Trustees: F orrest B assett , E. H. B ristol , E . F. C apen , H orace C arpenter , E. C. C omey , G. R. E llis , H. F. G r a y , L. E. G r a y , A. J. H artshorn , L. B. L aw rence , O rlando M cK en zie , F. A. P ettee , F. H. R ichards , J. W . R ichardson , H. G. Smith , Jarvis W illiams , W . A. Y oung . Board of Investment: L. E. G r a y , A. J. H artshorn , F orrest B assett , J. W. R ichardson , W. A. Y oung . Auditing Committee: Jarvis W illiams , F. H . R ichards , F. A. P ette e . Deposits draw interest from first business day of March, June, September and December; dividends are payable the Wednesday after the second Monday of June and December. Business hours, 9 a .m . to 3 p .m .; also Saturdays, 6 to 8 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street rahway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 341 loans on real estate (average of each, $1,621.05) . . . . . . . 8 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $30,454.40; assessed value, $28,000) . Real estate by foreclosure, etc. (assessed value, $8,550) . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ........................................................................................................................................ T o t a l A s s e ts . . . . . $7,000 00 143,588 75 97,040 00 16,291 25 30,130 00 522,780 00 8,411 87 30,454 40 8,681 32 7,537 11 2,336 17 $904,250 87 L ia b ilitie s . Due depositors on 2,129 accounts, averaging $383.10 each . . . . . (Accounts opened during year, 329; closed, 162; increase, 167) Surplus: — a. Guaranty fund (4.62% of deposits; increase during year, $3,755.21) . . . b. Profit and loss (increase during year, $1,393.06) . . . . . . Current income: — a. Interest . . . . . . . $13,829 42 b. Rent . . . . . . . 274 34 --------------------$14,103 76 Less current expenses not charged off . . . . 1,133 84 --------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $815,640 83 37,737 84 37,902 28 12,969 92 T o t a l L i a b i l i t i e s ...............................................$904,250 87 No. 8.] 127 BANK COMMISSIONER. T o ta l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T axes. Total. Advertising. Other Expenses. State Tax (Net). Salaries. Rent. $3,990.91 Amount paid for $879.24 $1,885.00 $600.00 $18.80 $607.87 4.40 Cost per $1,000 of assets .97 2.08 .66 .02 .67 2.77 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $44,110.86. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .5 5 % ). Real estate loans (average rate, 5.97 per cent.): 5%, $12,600; 6%, $540,180. Personal toans (average rate, 6 per cent.): 6%, $8,411.87. Bonds, stocks, etc. (average rate on amounts invested, 4.75 per cent.): 3%, $5,000; ?PA%, $28,000; 4%, $113,000; 4M%, $73,000; 5%, $61,820; 6%, $7,800; 8%, $18,500. Number of loans not over $3,000 each, 323, amounting to $440,957.50. 71 real estate loans made during year, amounting to $135,130. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2}/%% June, 1916, 2 % Number of deposits during year, 2,055, amounting to . . . Number of withdrawals during year, 1,617, amounting to Net increase in amount due depositors • SCH EDULE P u b lic F u n d s, B o n d s. Par Value. $7,000 Los Angeles, Cal., 4Jf>s R a ilr o a d B o n d s . $22,000 Baltimore & Ohio 4has 5.000 Bangor & Aroostook 5s 5.000 Boston & Maine 3s 5.000 Boston & Maine 3J^s 10.000 Boston & Maine 4J^s 10.000 Chicago, Mil. & St. Paul 5s 1.000 Concord & Montreal 4s 12.000 Fitchburg 4s 5.000 Fitchburg 5s D ate op . OE . . . S E C U R IT IE S . . . . . . $16,574 49 14,334 23 195,673 83 . $226,582 55 106,377 51 . $120,205 04 OW NED. Par Value. Par Value. $3,000 Springfield & Eastern 5s $10,000 Illinois Central 4s 10.000 Minn., St. P. & Sit. Ste. M. 4s 10.000 West End 5s 15.000 Worcester Consol. 4J^s 15.000 N. Y„ N. H. & H. 3^s 9.000 N. Y., N. H. & H. 4s B a n k S to c k s. 20.000 No. Maine Seaport 5s Shs. 5.000 Upper Coos 4s 34 Boylston Nl. Bk., Boston 8.000 Washington Co. 3p£s 27 Commonwealth Tr. Co., Boston 10 Mt. Vernon Nl. Bk., Boston 150 Nl. Shawmut Bk., Boston S tr e e t R a ilw a y B o n d s . 14 Old Boston Nl. Bk., Boston $11,000 Boston Elevated 4s 8 Webster & Atlas Nl. Bk., Boston 19.000 Boston Elevated 4p2S 18 Dedham Nl Bk. 5,000 Boston & Revere 5s 60 Framingham Nl. Bk. 37.000 Boston & Northern 4s 6 Nl. Bk. of Wrentham E xam ination , January 17; D ates https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . ....................................... . . . op A udit , March 27-29 inclusive. 128 REPO RT OF THE [Pub. Doc. FRANKLIN SAVINGS BANK OF THE CITY OF BOSTON, BOSTON. 6 Incorporated March 15, 1861. PARK SQUARE. Number of corporators, 71; number of trustees, 32. C harles H . B aldw in , President. C hables D. K eyes , Clerk of the Corporation. J ohn H. Stubgis , Treasurer. G eobge D. A lden , Assistant Treasurer. Board of Trustees: E. B. B adgeb , C. H . B aldw in , G. S. B aldw in , G. G. B eadford , E . C. B radlee , T. G. B remer , F. H. B row n , I. W. C hick , F. S. C lark , C. F. C urtio , T. M. D ev lin , C. F. D owse , J. M. E. D r a ke , A llan F orbes , C ourtenay G uild , H enry H all , E dward H amlin , H. W. H ar t , J. A. Jacobs, G. V. L everett , H erbert L yman , A. E. M ason , L awrence M ayo , O tis N orcross , J. H. P ierce , A. E. P illsbury , C. E. R ogerson , H. S. Sh aw , E liot W adsworth , W. Q. W ales , F. H . W arn er , S. H. W hidden . Board of Investment: J. A. J acobs, J. H . P ierce , H . W . H ar t , I. W . C hick , A. E. M ason , C. H . B aldw in . Auditing Committee: C ourtenay G uild , J. H. P ierce , C. F. D owse , T. M. D ev lin , E. C. B radlee . Deposits draw interest from first day of February, May, August and November; dividends are pay able February 10 and August 10. Business hours: 9 a .m . to 2 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 765 loans on real estate (average of each, $11,586.96) Less amount due on uncompleted loans . 3,700,904 755,075 300,000 137,492 57,000 00 37 00 00 50 00 55 50 8,864,026 3,927,000 200,000 472,105 15,423 92 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $ WO, 000: assessed value, $ 196,000) Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . 05 00 00 21 31 $21,096,926 44 T o t a l A s s e ts L i a b ilit ie s . Due depositors on 31,759 accounts, averaging $621.33 each (Accounts opened during year, 3,540; closed, 2,308; increase, 1,232) Surplus: — a. Guaranty fund (4.92% of deposits; increase during year, $55,900) b. Profit and loss (decrease during year, $17,661.09) . Current income: — o. Interest . . . . . . . $190,276 03 6. R e n t .......................................................... 1,656 00 $19,732,972 00 970,400 00 207,132 41 $191,932 03 Less current expenses not charged off Less State or local taxes not charged off $10,576 17 3,488 80 14,064 97 177,867 06 8,134 53 420 44 Unearned discount Insurance account T o t a l L ia b i l i t i e s . $21,096,926 44 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Rent. State Tax (Net). Salaries. Amount paid for $45,401.66 $33,553.69 Cost per $1,000 of assets 2.15 1.59 Cost per $1,000 of assets not including State tax and r ;nt . Gross income received during the year, $891,052.98. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. Total. $761.50 $3,200.14 $82,916.99 .04 .15 3.93 . . . . . 1.78 129 BAN K COMMISSIONER. No. 8.] B a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .4 4 % ). Real estate loans (average rate, 4.63 per cent.): 4%, $1,753,000; 4)£%, $606,000; 4)6%, $2,188,050; 4M%, $189,800; 5%, $3,996,178.50; 5)6%, $13,000; 5)6%, $64,485; 6%, $53,512.55. Personal loans (average rate, 4.20 per cent.): 4%, $1,405,000; 4)6%, $100,000; 4)4%, $1,806,000; 4)6%, $552,000; 4M%, $64,000. Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cent.): 2.90%, $95,000; 3%, $19,000; 3H%, $120,000; 3.40%, $50,000 ; 3)4%, $929,500; 4%, $2,590,500 ; 4)4%, $2,683,100; 4)4%. $50,000; 5%, $817,800; 6%, $266,000; 8%, $27,000; 12%, $20,000; 16%, $10,000. Number of loans not over $3,000 each, 329, amounting to $661,186. 69 real estate loans made during year, amounting to $1,226,600. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $358,219 31 371,750 15 2,975,036 96 Ordinary dividends declared during year: Feb., 1916, 2% Aug., 1916, 2% Number of deposits during year, 24,472, amounting to Number of withdrawals during year, 20,547, amounting to Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s. Par Value. $100,000 California, State of, 4J4s 175.000 Massachusetts 3)4s 50.000 New York State 4)4s 25.000 Akron, 0., 5s 305.000 Boston 4s 25.000 Belfast, Me., 4s 50.000 Bristol, Conn., 4)4s 20.000 Brockton 3)4s 32,100 Canton, 0., 4)4s 3,800 Canton, 0., 5s 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)6s 10.000 Medford 3)4s 1.000 Milwaukee, Wis., 3)4s 10.000 Milwaukee, Wis., 4)4s 50.000 Minneapolis, Minn., 4s 25.000 Minneapolis, Minn., 4)4s 50.000 Minneapolis, Minn., 4%s 50.000 Newark, N. J., 4)4s 10.000 New Bedford 4s 24.000 Newton 4s 100.000 Omaha, Neb., 4)6s 12.000 Revere 4s 125.000 Rochester, N. Y., 4)4s 27.000 Rutland, Vt., 4s 6.000 St. Albans, Vt., 4s 100.000 St. Paul, Minn., 4)6s 50.000 Stamford, Conn., 4)4s 36.000 Superior, Wis., 4)4s 25.000 Syracuse, N. Y., 4)4s 50.000 Toledo, 0., 4)4s 93.000 Troy, N. Y„ 4)4s 75.000 Waterbury, Ct., 4s 25.000 Waterbury, Conn., 4)4s 100.000 Woonsocket, R. I., 4s 43,500 Worcester 3J4s . OF . . . . . S E C U R IT IE S . $3,705,006 42 2,427,014 70 . . . . . $1,277,991 72 OW NED. Par Value. $3,000 Youngstown, 0., 4)4s 12,000 Youngstown, 0., 5s P u b lic F u n d s , N o te s . $20,000 Everett 3)4s 50.000 Gloucester 3]%s 30.000 Salem 2.90% 50.000 Somerville 3.40% 25.000 Quincy 2.90% 5,000 Quincy 4s 10.000 Amesbury 3)4s 10,500 Belmont 4s 4.000 Buckland 3s 15.000 Essex 3s 20.000 Medway 2.90% 10.000 Rockland 3.50% 60.000 Wakefield 3)6s 20.000 Ware 2.90% R a ilr o a d B o n d s . $50,000 Boston & Albany 3)6s 200.000 Boston & Albany 4s 50.000 Boston & Albany 4)6s 25.000 Boston & Albany 5s 50.000 Boston & Maine 4s 325.000 Boston & Maine 4)6s 110.000 Boston, R. B. & Lynn 4)6s 80.000 Central R.R. of N. J. 5s 50.000 C., B. & Q. 3)£s 332.000 C„ B. & Q. 4s 185.000 Chicago, MiL & St. Paul 5s 15.000 Chicago, Mil. & St. Paul 6s 200.000 Chic. & Northwestern 4s 50.000 Chi., St. Paul, Minn. & O. 6s 40.000 Cleveland & Pittsburg 4)6s 100.000 Concord & Montreal 4s 50.000 Erie & Pittsburgh 3)6s 44.000 Fitchburg 4s 200.000 Fitchburg 4J6s 150.000 Illinois Central 4s 100.000 Louisville & Nashville 4)6s Par Value. $50,000 Louisville & Nashville 6s 53.000 Mil., Lake Shore & West. 6s 25.000 Mobile & Ohio 6s 200.000 N. Y. C. & H. R. 3)6s 50.000 N. Y. & N. E. Term. 4s 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 4)6s 25.000 Peterboro’ & Hillsboro’ 4)6s 73.000 Philadelphia & Erie 6s 20.000 Ports., G. F. & Con. 4)6s 14.000 Portland & Ogdens. 4)6s 50.000 St. J. & L. C. 5s 150.000 St. Paul, Minn. & Man. 4)6s 100.000 Vermont Valley 4)6s S tr e e t R a ilw a y B o n d s . $100,000 Boston Elevated 4)6s 10.000 Boston, Mil. & Brock. 5s 7.000 Bridge., Whit. & Rock. 5s 14.000 Brockton 5s 43.000 Brock., Bridge. & Taun. 5s 10.000 George., Row. & Ips. 5s 115.000 Lynn & Boston 5s 7.000 N. Bed., Middle. & Brock. 5s 40.000 South Shore & Boston 5s 6.000 Taunton & Brockton 5s 85.000 West End 4s 175.000 West End 4)6s 75.000 West End 5s 10.000 Worcester & Clinton 5s 10.000 Worcester & Marlboro’ 5s 50.000 Worcester & South. 4)6s B a n k S to c k s. 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 D a t e s o f E x a m in a t io n a n d A u d it , January 21-27 inclusive; July 24-28 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 130 REPO RT OF TH E [Pub. Doc, FRANKLIN SAVINGS INSTITUTION, GREENFIELD. 332 M A I N Incorporated April 2, 1834. STREET. Number of corporators, 34; number of trustees, 16. C h a r l e s A l l e n , President. C h a r l e s W . N im s , Treasurer. C h a r l e s N . S t o d d a r d , Clerk of the Corporation. Board of Trustees: C. P . A l d r ic h , C h a r l e s A l l e n , C . C . D y e r , J. P. L o g a n , D a n a M a l o n e , W . E. N ic h o l s , C . W. N im s , L u c iu s N im s , F. H . P a y n e , R . E. P r a y , A . M . R ic e , J. W. S t e v e n s , C . N . S t o d d a r d , F. N . T h o m p so n , W . N . W a s h b u r n , F. E. W e l l s . Board of Investment: J. W. St e v e n s , L u c iu s N im s , D a n a M a l o n e , C h a r l e s A l l e n , C. C. D y e r . Auditing Committee: F. H. P a y n e , W. E. N ic h o l s , A . M . R ic e . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12.30 p .m ., also Mondays, 7 to 8.30 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . Street railway bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . 945 loans on real estate (average of each, $3,752.42) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . T o t a l A s s e ts . . . $554,055 00 1,711,621 25 221,087 50 113,500 00 36,000 00 . . . . . . . . $3,558,439 47 . . 12,400 00 --------------------176 loans on personal security . . . . . . . . . . Bank building and fixtures {estimated value, $100,000; assessed value, $75,000) . . Suspense account . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . . t . . . . . . . . . . . 3,546,039 47 1,422,679 43 50,000 00 29 37 205,033 25 3,805 38 . $ 7,863,850 65 L ia b ilitie s . Due depositors on 15,148 accounts, averaging $479.28 each . . . . . $7,260,165 72 {Accounts opened during year, 1,715; closed, 1,166; increase, 549) Surplus: — a. Guaranty fund {4.93% of deposits; increase during year, $12,000) . . . 358,000 00 b. Profit and loss {increase during year, $35,238.71) . . . . . . 205,058 83 Current income: — Interest . . . . . . . . . . $45,466 29 Less current expenses not charged off . . $3,332 69 Less State or local taxes not charged off . . 1,507 50 4,840 19 ------ -----40,626 10 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $ 7,863,850 65 No. 8.] B AN K COMMISSIONER 131 T o t a l E xp en ses f o r th e Y e a r, in c lu d in g S ta te T axe3. State Tax (Net). Salaries. Rent. Amount paid for $16,525.51 $11,083.33 Cost per $1,000 of assets 2.10 1.41 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $151.99 $3,076.17 $30,837.00 .02 .39 3.92 ....................................... 1.82 Gross income received during the year, $352,334.38. K a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 0 % ). Real estate loans (average rate, 4.96 per cent.): 4h£%, $100,000; 4}4%, $160,000; 5%, $3,286,039.47. Personal loans (average rate, 4.69 per cent.): 4%, $70,000; 4}/s%, $50,000; 4\i%, $245,000; 4%%, $75,000; 43^%, $282,000; 4%%, $35,000; 5%, $588,954.43; 5K% , $16,100; 5H%, $24,625; 6%, $36,000. Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cent.): 4%, $1,637,200; 4H%> $548,380; 5%, $418,700; 5 ^ % , $400; 6%, $25,600; 7%, $4,500; 8%, $3,400; 10%, $21,000. Number of loans not over $3,000 each, 869, amounting to $1,191,616.70. 106 real estate loans made during year, amounting to $357,545. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 13,363, amounting to $135,512 30 138,529 48 956,376 68 Number of withdrawals during year, 9,284, amounting to $1,230,418 46 902,361 43 Net increase in amount due d e p o s i t o r s .......................................................... ......... SCHEDULE P u b lic F u n d s , B o n d s. P u b lic F u n d s , N o te s . $400 Colrain 5}4s 3.000 Deerfield 4}^s 1,250 Hawley 4Vis 1,530 Leyden 4Vis 1,500 Leyden 5s 14.000 Nortnfield 4Vis 600 Rowe 4Vis 900 Rowe 5s 700 Sunderland 4s 2.000 Sunderland 4his 4,800 Sunderland 5s 1.000 Deerfield (F. D.) 4Y& 17,500 Greenfield (F. D.) 4s 17.000 South Deerfield (W. D.) 4s of E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S E C U R IT IE S OW NED. R a ilr o a d B o n d s . Par Value. $150,000 Boston 4s 150,000 Chicago, 111., 4s 25.000 Chicago, 111., 4Vis 45.000 Dayton, 0., 5s 50.000 Pittsburgh, Pa., 4J^s 25.000 Seattle, Wash., 5s 30.000 Attleborough 4s 12.000 Marblehead 4s D ates OF and $328,057 03 Par Value. $50,000 Baltimore & Ohio 4Vis 33.000 Boston & Albany 4s 25.000 Boston & Albany 5s 25.000 Boston & Lowell 5s 75.000 Boston & Maine 4s 100.000 Boston & Maine 4h£s 200.000 C., B. & Q. 4s 25.000 Chi., Mil. & St. Paul 4V& 50.000 Chicago, Mil. & St. Paul 5s 25.000 Chic. & Northwestern 4s 25.000 C., R. I. & P. 4s 25.000 Cleveland Short Line 4Vis 25.000 Conn. & Pass. Rivers 4s 25.000 Connecticut River 6s, notes 25.000 Danbury & Norwalk 5s 76.000 Fitchburg 4s 25.000 Fitchburg 4his 35.000 Fitchburg 5s 159.000 Illinois Central 4s 50.000 Kal., Alleg. & G. R. 5s 100.000 Maine Central 4}4s 100.000 Mil., L. S. & West. 5s 50.000 New England 4s 50.000 N. Y. & N. E. Term. 4s Par Value. $225,000 N. Y., N. H. & H. 4s 25.000 Northern Pacific 4Vis 25.000 Old Colony 4s 25.000 Pennsylvania 4Vis 25.000 Portland & Ogdens. 4}4s 25.000 Sullivan Co. 4s S tr e e t R a ilw a y B o n d s . $100,000 Boston Elevated 4s 50.000 Boston Elevated 4his 50.000 Boston & Northern 4s 25.000 West End 5s B a n k S to c k s .' Shs. 34 Webster & Atlas Nl. Bk., Boston 210 First Nl. Bk., Greenfield 25 Franklin Co. Tr. Co., Greenfield 6 North Adams National Bank 45 First Nl. Bk., Northampton 40 Hamp. Co. Nl. Bk., Northampton A udit , September 18-22 inclusive. 132 REPORT OF TH E [Pub. Doc, GARDNER SAVINGS BANK, GARDNER. 29 P A R K E R Incorporated May 26, 1868. STREET. Number of corporators, 52; number of trustees, 18. H e n r y F. H o w e , Clerk of the Corporation. Board of 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 th 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 ic h a r d s o n , E . G . W a t k in s , W. H . W h e e l e r , F. S. W h it t e m o r e . Board of Investment: J. D. E d g e l l , E . L . B r o o k s , M. A. C r e e d , A. E . K n o w l t o n , H . W. G a l e . Auditing Committee: C. F. R ic h a r d s o n , H . F. H o w e , A. W. B a n c r o f 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 m.; also Mon days, 6 to 8 p .m., for deposits only. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 969 loans on real estate (.average of each, $2,961.73) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 186 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $100,000; assessed value, Real estate by foreclosure, etc. {assessed value, $1,475) . . . Taxes, insurance, etc., paid on mortgaged properties . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . $2,931,902 19 61,982 32 -------------------- . . . $74,000) . . . . . . . . . . . . . . 5312,177 71 576,094 12 148,254 88 19,720 71 47,095 00 64,200 00 11,895 00 2,869,919 87 716,698 33 62,000 00 1,763 10 174 94 82,039 18 3,272 26 s s e t s ...............................................$4,915,305 10 L i a b ilit ie s . Due depositors on 12,355 accounts, averaging $361.19 each . . . . . (Accounts opened during year, 2,102; closed, 1,204; increase, 898) Surplus: — a. Guaranty fund (4-91% of deposits; increase during year, $12,500) . . . b. Profit and loss (increase during year, $26,745.78) . . . . . . Current income: — a. Interest . . . . . . . $88,899 93 b. Rent, etc. . . . . . 837 22 --------------------$89,737 15 Less current expenses not charged off . . . . 5,229 55 219,000 00 149,203 62 84,507 60 3 40 58 93 Insurance premiums Suspense account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $4,462,531 55 T o t a l L ia b ilitie s . . $4,915,305 10 No. 8.] BAN K COMMISSIONER, 133 T o t a l E xp en ses fo r t h e T e a r, in c lu d in g S ta te T a xes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. Amount paid for $8,540.07 $10,636.00 $2,000.00 $435.00 $3,313.84 $24,924.91 Cost per $1,000 of assets 1.74 2.16 .41 .09 .67 5.07 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.92 Gross income received during the year, $225,065.05. R a t e 3 o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 7 % ). Real estate loans (average rate, 5.02 per cent.): 5%, $2,805,619.87; 6%, $64,300. Personal loans (average rate, 4.95 per cent.): 4J4j%, $47,500; 5%, $629,446.50; 6%, $31,651.83. Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.): 3J^%, $176,000; 4%, $535,500; 4M%. $8,312.50; 4J^%, $151,000; 5%, $183,800; 6%, $50,000; 7%, $3,400; 8%, $37,700; 10%, $16,300; 16%, $3,000. Number of loans not over $3,000 each, 962, amounting to $1,177,366.88. 133 real estate loans made during year, amounting to $872,117.59. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 17,573, amounting to $80,145 88 82,958 62 867,093 04 Number of withdrawals during year, 9,071, amounting to $1,030,197 54 698,364 27 $331,833 27 Net increase in amount due depositors SCHEDULE OF S E C U R IT IE S OW NED. R a ilr o a d B o n d s . P u b lic F u n d s, B o n d s . Par Value. Par Value. $20,000 Atch., Top. & Santa F6 4s $20,000 California, State of, 4s 25.000 Baltimore & Ohio 3J^s 56.000 Massachusetts 3y&s 25.000 Baltimore & Ohio 4)^s 25.000 Chelsea 4s 40.000 Bangor & Aroostook 5s 10.000 Cincinnati, 0., 4J^s 35.000 Boston & Maine 4s 25.000 Dayton, 0., 5s 25.000 Boston & Maine 4p^s 6.000 Gloucester 4s 10.000 B., R. Beach & Lynn 4)^s 10.000 Los Angeles, Cal., 4Hs 5.000 C., B. & Q. 5s 5.000 Portland, Ore., 5s 20.000 Chicago, Mil. & St. Paul 5s 10.000 Portland, Ore., 6s * 5,000 Connecticut River 3p£s 5.000 Seattle, Wash., 5s 11.000 Delaware & Hudson Co. 4s 26.000 Sioux City, la., 4J^s 30.000 Fitchburg 4s 10.000 Spokane, Wash., 4)^s 50.000 Illinois Central 3biis 3.000 Worcester 4s 2.000 Louisville & Nashville 6s 10.000 Attleborough 4s 10.000 Maine Central 4)^s 20.000 Gardner 3j4is 25.000 Maine Shore Line 6s 34,500 Gardner 4s 10.000 Mich. Cent. Air Line 4s 6.000 Peabody 4s 10.000 Mil., L. S. & W. 6s 2.500 Foxborough (W. D.), 4s 10.000 Nash., Florence & Shef. 5s 5.500 Van Buren, Me. (W. D.), 4s 10.000 N. Y. C. & H. R. 4s 101,000 N. Y., N. H. & H. 4s P u b lic F u n d s , N o te s . 25.000 No. Maine Seaport 5s 10.000 Old Colony 4s $1,000 Gardner 4s 10.000 Portland & R. Falls 4s 8,312 Gardner 4 20.000 Portland Terminal Co. 4s 6,000 Hubbardston 4s D ates of E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and Par Value. $5,000 San Fran. & San J. Valley 5s 15.000 Upper Coos 4s S tr e e t R a ilw a y B o n d s . $15,000 Boston Elevated 4s 25.000 Boston Elevated 4p£s 25.000 Boston & Northern 4s 5.000 Brockton 53 5.000 N. B.,Middleboro & Brock. 5s 20.000 Old Colony 4s 25.000 Springfield 4s 25.000 West End 5s B a n k S to c k s. Shs. 18 Millers River Nl. Bk., Athol 30 First Nl. Bk., Boston 20 Merchants Nl. Bk., Boston 8 First Nl. Bk., Clinton 30 Fitchburg Bank & Trust Co. 206 First Nl. Bk., Gardner 100 Orange Nl. Bk. 34 Crocker Nl. Bk., Turner’s Falls 171 First Nl. Bk. Winchendon 25 Merchants Nl. Bk., Worcester A udit , May 15-19 inclusive; November 20-24 inclusive. 134 REPO RT OF THE [Pub. Doc. GEORGETOWN SAVINGS BANK, GEORGETOWN. 24 Incorporated May 26, 1868. EAST M A IN STREET. Number of corporators, 36; number of trustees, 16. W alter M . B rew ster , President. E dward S. F ickett , Treasurer. L ew is H. G iles , Clerk of the Corporation. Board of Trustees: W. E. A tkinson , L. H. B ateman , W. M. B rew ster , G. F. C akleton , E. A. C haplin , S. A. D onoghdb , E. S. F ickett , L. H. G iles , F. H. H arrim an , M. L. H oyt , T. P. K il lam , R. F. M etcalf , G. W. N oyes , H. H. N oyes , C. E. T yler . Board of Investment: H. H. N oyes , S. A. D onoghue, C. E. T yler . Auditing Committee: L. H. G iles , M. L. H oyt , F. H. H arrim an . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the fourth Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 a .m . to 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 385 loans on real estate (average of each, $1,182.73) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $436,101 24 428 25 10 loans on personal security . Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies Cash . . . . . . . . . T o t a l A s s e ts . . . . . $53,150 176,914 36,880 14,135 7,400 00 85 00 00 00 435,672 33,283 159 18,949 1,278 99 48 43 29 82 $777,823 86 L ia b ilitie s . Due depositors on 1,690 accounts, averaging $432.65 each (Accounts opened during year, 152; closed, 141; increase, 11) Surplus: — a. Guaranty fund (5.06% of deposits; increase during year, none) b. Profit and loss (increase during year, $3,398.34) Current income: — Interest . . . . . . . Less current expenses not charged off . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $731,177 93 37,000 00 9,600 87 $226 94 181 88 ----------. . . 45 06 $777,823 86 No. 8. BANK COMMISSIONER. 135 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Total. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. $4,333.03 Amount paid for $1,449.83 $1,925.10 $275.00 $39.00 $644.10 .05 .83 5.56 Cost per $1,000 of assets 1.86 2.47 .35 3.35 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $36,377.71. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 2 % ). Real estate loans (average rate, 5.13 per cent.): 5%, $377,324.37; 5/4%, $6,350; 6%, $50,848.62; 6}^%, $100; 7%, $1,050. Personal loans (average rate, 5 per cent.): 4 $ 2 0 , 0 0 0 ; 5%, $3,383.48; 6%, $9,900. Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3%, $15,000; 3 ^ % , $15,000; 4%, $156,000; 4,14%, $94,650; 5%, $18,000; 6%, $2,000. Number of loans not over $3,000 each, 377, amounting to $362,956.47. 57 real estate loans made during year, amounting to $74,000. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 940, amounting to . . $14,009 04 14,146 20 82,152 13 . $110,307 37 101,041 05 Number of withdrawals during year, 997, amounting to $9,266 32 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $1,000 Chicopee 4s 3.000 Everett 4s 10.000 Los Angeles, Cal., 4)^s 1.000 Marlborough 4s 5.000 New Bedford 4s 5.000 Omaha, Neb., 4h£s 10.000 San Francisco, Cal., 5s 4.000 Georgetown 4s 5.000 Longmeadow 4s 2,500 W. & S. Acton (W. S. D.) 4s P u b lic F u n d s , N o te s . $6,650 Hull 4Ks D ates of OF OW NED. Par Value. $15,000 Baltimore & Ohio 4s 10,000 Bennington & Rutland 4p£s 5.000 Boston & Albany 3Ks 8.000 Boston & Albany 4s 2.000 Boston & Lowell 4s 5.000 Boston & Maine 4s 5.000 Chicago, Indiana & South. 4s 10.000 Chicago, Mil. & St. Paul 4L£s 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 3J^s 14.000 Illinois Central 4s 10.000 Maine Central 4L6s 10.000 N. Y. C. & H. R. 4s 5.000 New York & N. Eng. Term. 4s E xam ination , February 17, 18. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S E C U R IT IE S R a ilr o a d B o n d s . Par Value. $2,000 N. Y., N. H. & H. 4s 5.000 Old Colony 4s 10.000 Pennsylvania 4)^s 15.000 Portland Terminal Co. 4s 3.000 Upper Coos 4s 4.000 Upper Coos 4J^s S tr e e t R a ilw a y B o n d s . $25,000 Boston Elevated 4L£s 1.000 Hoosac Valley 5s 1.000 Lynn & Boston 5s 1.000 Providence & Taunton 5s 5.000 Springfield & Eastern 5s 4.000 Worcester & Southbridge 4Mb B a n k S to ck s. Shs. 55 Georgetown Nl. Bk. 20 First Nl. Bk., Ipswich REPO RT OF THE 136 [Pub. Doc. GRAFTON SAVINGS BANK, GRAFTON. Incorporated March 13, 1869. Number of corporators, 48; number of trustees, 21. H a k r in g t o n L. N ic h o l s , President. J o sep h 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 a r n u m , 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 un 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 i c e , C . I.. Se 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 i n g . Board of Investment: H . L. N ic h o l s , O . M . W in g , C . L. S e a b u r y , P e r l e t G o d d a r d , S. L. D a v e n p o r t . Auditing Committee: O. M. W in 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. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 207 loans on real estate (average of each, $1,766.22) . . . . . . . 12 loans on personal security . . . . . . . . . . Real estate by foreclosure, etc. (assessed value, $ 4 , 2 0 0 ) ....................................... ......... Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T otal A $25,790 00 101,481 25 54,857 50 7,826 25 500 00 365,608 50 5,431 41 4,495 42 20,652 26 1,420 82 s s e t s ...............................................$588,063 41 L ia b ilitie s . Due depositors on 1,129 accounts, averaging $473.71 each (.Accounts opened during year, 136; closed, 71; increase, 65) Surplus: a. Guaranty fund (4.75% of deposits; increase during year, $900) h. Profit and loss (increase during year, $2,503.05) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $534,825 37 25,600 00 18,970 29 $9,501 25 833 50 -------------- 8,667 75 T o t a l L i a b i l i t i e s ...............................................$588,063 41 No. 8.] BAN K COMMISSIONER. 137 T o t a l E xp en ses fo r th e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Amount paid for $642.54 $1,215.00 $150.00 Cost per $1,000 of assets sets 1.09 2.06 .25 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $126.05 $861.58 $2,995.17 .21 1.46 5.07 3.73 Gross income received during the year, $26,218.48. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 6 % ). Real estate loans (average rate, 5.10%): 4H%. $13,475; 5%,.$296,035; 5lA %, $19,250; 6%, $36,848.50. Personal loans (average rate, 5.76 per cent.): 5}4%, $2,500; 6%, $2,931.41. Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 4%, $128,790; 4J^%, $27,000; 5%, $38,000; 8%, $600. Number of loans not over $3,000 each, 187, amounting to $225,584.91. 29 real estate loans made during year, amounting to $61,900. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 733, amounting to Number of withdrawals during year, 750, amounting to Net increase in amount due depositors SCH EDULE P u b lic F u n d s , B o n d s. Par Value. $8,000 Boston 4s 5,000 San Francisco, Cal., 5s 3,240 Grafton 4s P u b lic F u n d s , N o te s . $9,550 Grafton 4s D ate of OF . $93,446 03 45,498 23 . . S E C U R IT IE S R a ilr o a d B o n d s. Par Value. $5,000 Baltimore & Ohio 5s 5.000 Bangor & Aroostook 5s 5.000 Boston & Albany 5s 12,000 Boston & Maine 4s 5.000 C., B. & Q. 4s 5.000 Illinois Central 4s 10.000 N. Y. C. & H. R. 4s 26.000 N. Y., N. H. &H.4s 15.000 No. Maine Seaport 5s 15.000 Portland & It. Falls 4s E xam in ation , May 19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . 9,870 04 74,102 19 . . . . . $47,947 80 OW NED. S tr e e t R a ilw a y B o n d s . Par Value. $11,000 Boston Elevated 4s 15.000 Boston Elevated 4Mis 10.000 Boston & Northern 4s 3.000 Brockton 5s 5.000 West End 4s 12.000 Worcester Con. 4J^s B a n k S to ck s. Shs. 6 Spencer Nl. Bk. 138 REPO RT OF THE [Pub. Doc. GRANITE SAVINGS BANK, ROCKPORT. 9 Incorporated March 21^ 1884. M A IN STREET. Number of corporators, 36; number of trustees, 12. H enry H. T hurston , President. G rafton B utman , Treasurer. R obert H er n e , Clerk of the Corporation. Board of Trustees: James A bbott , W. O. B latchford , A. C. B utman , G rafton B utman , A. H. F rench , R obert H erne , F rancis N oble , B . N. T a r r , F. W . T a r r , H. H. T hurston , L. W . T hurston , H. C. T ufts . Board of Investment: James A bb ott , B. N. T a r r , H. H. T hurston , H. C. T ufts . Auditing Committee: A. H. F rench , 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 4 and October 4. Business hours: 9 a .m . to 12 m .; also Wednesdays, 2 to 3 p .m ., and Satur days, 2 to 3 and 6 to 8 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . . 307 loans on real estate {average of each, $981.93) . . . . . . . 34 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $8,000; assessed value, $8,000) . . Real estate by foreclosure, etc. (assessed value, $11,900) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . $64,245 00 37,705 00 10,880 00 8,882 50 15,373 50 3,000 00 301,453 00 19,165 00 8,000 00 11,922 36 541 85 20,751 78 1,236 26 T o t a l A s s e t s ...................................................... $503,156 25 L ia b ilitie s . Due depositors on 1,585 accounts, averaging $296.26 each . . (Accounts opened during year, 166; closed, 153; increase, 13) Surplus: a. Guaranty fund (4.95% of deposits; increase during year, $469) b. Profit and loss (increase during year, $517.10) . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . . . . . . . 23,248 00 9,577 53 $997 45 239 37 --------------------- 758 08 . . . $469,572 64 . . $503,156 25 BAN K COMMISSIONER, No. 8. 139 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Advertising. Other Expenses. Total. State Tax (Net). Salaries. Rent. $3,743.62 Amount paid for $470.66 $2,229.00 $150.00 $213.67 $680.29 7.43 Cost per $1,000 of assets .93 4.43 .42 1.35 .30 Cost per $1,000 of assets not including State tax and rent . 6.20 Gross income received during the year, $24,647.68. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .3 9 % ). Real estate loans (average rate, 5.98 per cent.): 5%, $3,750; 5J/jj%, $4,200; 6%, $293,503. Personal, loans (average rate, 5.40 per cent.): 5%, $11,250; 5J^%, $300; 6%, $7,615. Bonds, slocks, etc. (average rate on amounts invested, 4.12 per cent.): 2%, $6,000; 3%, $3,300; 3J^%, $14,500; 3M%, $1,000; 4%, $84,000; 4>^%, $9,000; 5%, $20,000; 6%, $1,300; 11%, $1,500. Number of loans not over $3,000 each, 332, amounting to $282,468. 23 real estate loans made during year, amounting to $14,115. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2M% Number of deposits during year, 1,561, amounting to $8,826 55 9,993 49 93,359 29 Number of withdrawals during year, 1,163, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $2,000 Massachusetts 314s 4.000 Essex Co. 4s 3.000 Boston 3)4>s 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 3Jfis 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., 4^s 1.000 South Norwalk, Conn., 4s 2.000 Springfield 4s 2.000 Troy, N. Y., 4s 1.000 Waltham 4s 1.000 Waterbury, Conn., 4s D ates op E xam ination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . OE . . . . . S E C U R IT IE S Par Value. $2,000 Danvers 4s 2.000 Douglas 4s 1.000 Marblehead 4s 5.000 North Andover 4s 2.000 Orange 4s 1,500 Rockport 3}4s 2.000 Rockport 4s 3.000 Stoneham 4s 2.000 Swampscott 3J^s P u b lic F u n d s , N o te s . . . . . . . $112,179 33 97,604 76 . . . $14,574 57 OW NED. $4,000 N Y., N. H. & H. 3V2a 4.000 N. Y., N. H. & H. 4s 2.000 Northern Maine Seaport 5s 2.000 Old Colony 4s S tr e e t R a ilw a y B o n d s . $2,000 Boston Elevated 4s 2.000 Boston Elevated 4}^s 1.000 West End 4s 2.000 West End 4b£s 4.000 West End 5s $1,000 Plymouth 3%8 R a ilr o a d B o n d s . $4,000 Baltimore & Ohio 5s 2.000 Bangor & Aroostook 5s .5,000 Boston & Maine 4s 3.000 Boston & Maine 4)^s 4.000 Chic., Mil. & St. Paul 4s 7.000 Fitchburg 4s 2.000 Illinois Central 3s and A udit , July 24-28 inclusive. B a n k S to ck s. 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. 13 Rockport Nl. Bk. 10 Park Trust Co., Worcester REPO RT OF THE 140 [Pub. Doc. GREAT BARRINGTON SAVINGS BANK, GREAT BARRINGTON. 320 M A I N Incorporated February 3, 1869. STREET. Number of corporators, 35; number of trustees, 16. W illiam W. N orton , President. C larence R . Sa b in , Treasurer. W alter B . Sanford , Clerk of the Corporation. Board of Trustees: J. C. B enton , O. C. B idw ell , J. H . C. C hurch , A. C. C ollins , A. S. F assett , C. M. G ibb s , C harles G iddings , F. É . G iddings , R . O. H a r per , W. C. H inman , W. W. N orton , T . E. R amsdell , C. R . Sa b in , W. B . Sanford , F. H . T u rner , F. H . W right . Board of Investment: W. W. N orton , O. C. B idw ell , A. S. F assett , F. H. T urner , F. E. G iddings . Auditing Committee: W. B. Sanford , J. C. B enton , C. M. G ibb 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. . . . . . . . . . . . . . . . . . . . . . . . . value, $10,000) . . . . . . . . . . . . T o t a l A s s e ts 00 476,818 88,782 20,000 31,442 147,317 1,294,273 81,486 24,771 27,326 89,571 5,037 75 50 00 50 14 50 o o o 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 . . . . . 481 loans on real estate (average of each, $2,690.79) . . . 43 loans on personal security . . . . . . Bank building and fixtures (estimated value, $24,771.72; assessed Real estate by foreclosure, etc. (assessed value, $19,850) . . Deposits in national banks or trust companies . . . Cash and cash items . . . . . . . . CO A s s e ts . 87 72 67 31 59 $2,329,828 55 L i a b ilit ie s . Due depositors on 5,639 accounts, averaging $383.55 each (Accounts opened during year, 725; closed, 519; increase, 206) Surplus; — a. Guaranty fund (4.11% of deposits; increase during year, $6,000) b. Profit and loss (increase during year, $8,651.S3) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $2,162,870 35 89,000 00 44,311 24 $36,201 62 2,554 66 ---------------- 33,646 96 . $2,329,828 55 No. 8. BANK COMMISSIONER. 141 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $791.23 $9,968.25 Amount paid for $3,037.98 $4,262.50 $1,833.34 $43.20 .34 4.27 Cost per $1,000 of assets 1.30 1.83 .78 .02 2.19 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $99,504.61. B a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 6 % ). Real estate loans (average rate, 5.01 per cent.): 4)^%, $52,500 ; 5%, $1,207,303.50; 6%, $34,470. Personal loans (average rate, 5.24 per cent.): 5%, $51,381.87; 5J^%, $20,680; 6%, $9,425. Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3}4%, $105,000; 4%, $445,000; 4)42%, $30,000; 5%, $96,800; 6%, $34,600; 7%, $19,100; 8%, $36,700; 10%, $5,100; 12%, $3,900. Number of loans not over $3,000 each, 423, amounting to $563,792.87. 90 real estate loans made during year, amounting to $196,595. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 5,488, amounting to $38,480 88 39,628 44 399,028 65 Number of withdrawals during year, 3,538, amounting to $477,137 97 327,402 84 $149,735 13 Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $14,000 Boston 4s 20,000 Chicago, 111., 4s 9,000 Gt. Barrington (F. D.), 4s OF D ates of B a n k S to c k s. 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. E xam ination , April 27, 28. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OW NED. Par Value $44,000 Boston Elevated 4s 15.000 Hoosac Valley 4s 10.000 Leominster, Shirley & Ayer 5s 10.000 Lynn & Boston 5s 10.000 West End 4s R a ilr o a d B o n d s. $10,000 Baltimore & Ohio 4U>s 30.000 Bangor & Aroostook 5s 30.000 Boston & Albany 4s 20.000 Boston & Lowell 4s 39.000 Boston & Maine 4s 20.000 Boston & Maine 4Hs 30.000 C„ B. & Q. V/& 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 37.000 No. Maine Seaport 5s 55.000 Old Colony 4s 25.000 Washington Co. 3b£s S E C U R IT IE S S tr e e t R a ilw a y B o n d s . Shs. 25 Park Nl. Bk., Holyoke 24 Lee Nl. Bk. 75 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 Nl. Mt. Wollaston Bk., Quincy 11 Framingham Nl. Bk., So. Fram. 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 * 142 REPO RT OF THE [Pub. Doc. GREENFIELD SAVINGS BANK, GREENFIELD. 358 M A I N Incorporated March 19, 1869. STREET. Number of corporators, 32; number of trustees, 12. E ugene B. B lak e , President. W illiam F . A ik e n , Treasurer. Samuel D . C onant , Clerk of the Corporation. Board of Trustees: W. F. A ik e n , W. S. A llen , E. B. B lak e , S. D. C onant , J. E. D onovan , C. L. F ield , L. F. G ra ves , R . W . H unter , C . H . K eith , G. C . L u n t , J. H. Sanderson , F. L. W hitmore . Board of Investment: E. B. B lak e , C . H . K eith , J. E. D onovan , G . C . L unt , W . S. A llen . Auditing Committee: E . B. B lak e , C. L. F ield , R . W . H u n ter . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3 P.M.; Saturdays, 9 a .m . to 12.30 P.M.; also Mondays, 7 to 8.30 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes ........................................................................................$71,500 00 Railroad bonds and notes . . . . . . . . . . . 681,427 Street railway bonds . . . . . . . . . . . . 97,500 American Tel. & Tel. Co. b o n d s ....................................................................................... 54^000 00 Securities acquired in settlement of indebtedness . . . . . . . 10,254 397 loans on real estate (average of each, $1,628.29).......................................................... 646,432 79 loans on personal security ........................................................................................ 386,906 Deposits in national banks or trust companies . . . . . . . 84,677 Cash and cash items . . . . . . . . . . . . 1,625 T ota l A 50 00 00 25 53 00 45 s s e t s ...............................................$2,034,322 73 L ia b ilitie s . Due depositors on 4,395 accounts, averaging $426.36 each (Accounts opened during year, 800; closed, 361; decrease, 61) Surplus: — a. Guaranty fund (5.60% of deposits; increase during year, none) b. Profit and loss (increase during year, $5,869.24) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $1,873,867 36 104,888 96 33,033 OS $25,606 07 3,072 74 ---------------- 22,533 33 . $2,034,322 73 BANK COMMISSIONER, No. 8.' 143 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $5,878.79 $5,948.79 $805.00 $517.37 $1,354.01 $14,503.55 Cost per $1,000 of assets 2.89 2.92 .39 .25 .66 7.11 Cost per $1,000 of assets not including State tax and rent . . . . . 3.83 Gross income received during the year, $93,578.28. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 2 % ). Real estate loans (average rate, 5.08 per cent.): 5%, $591,832.25; 6%, $54,600. Personal loans (average rate, 5.01 per cent.) : 4)4%, $85,000; 5%, $239,662.78; 5J^%, $8,093.75; 5.60%, $25,000; 6%, $29,150. Bonds, stocks, etc. (average rate on amounts invested, 4.56 per cent.): 3%, $50,000; 3Jfj%, $161,000; 4%, $480,500; 4 ^ % , $41,000; 5%, $207,000; 6%, $53,000. Number of loans not over $3,000 each, 422, amounting to $459,275.50. 33 real estate loans made during year, amounting to $70,640. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $35,823 24 36,239 18 209,199 50 Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 1,397, amounting to Number of withdrawals during year, 1,785, amounting to . . . . SCHEDULE D ates of E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis O F S E C U R IT IE S OW NED. R a ilr o a d B o n d s . Par Value. $50,000 Boston & Maine 3s 25.000 Boston & Maine 4s 25.000 Boston & Maine 4}^s 75.000 C., B. & Q. 3V2a 50.000 C., B. & Q. 4s 47.000 Chicago & Northwest. 5s 53.000 Chicago & Northwest. 6s 7,000 Fitchburg 4s 76.000 Illinois Central 3Ms Par Value. $33,000 Franklin Co. 4s 16,000 Northfield 4J-£s 5,000 Colrain (F. D.) 4s 17,500 Greenfield (F. D.) 4s and $281,261 92 226,437 74 $54,824 18 Net increase in amount due depositors P u b lic F u n d s , N o te s . . A u dit , August 14-18 inclusive. Par Value. $100,000 Milwaukee, L. S. & W. 5s 50.000 N. Y. C. & H. R. 4s 133,000 N. Y., N. H. & H. 4s 50.000 W. Virginia & Pittsburgh 4s 10.000 Washington Co. 3J^s S tr e e t R a ilw a y B o n d s . $50,000 Lynn & Boston 5s 50,000 Springfield 4s 144 [Pub. Doc. REPO RT OF TH E GROVE HALL SAVINGS BANK, BOSTON. 648 W A R R E N STREET Incorporated January 30, 1914. (R O X B U R Y D IS T R IC T ). Number of corporators, 35; number of trustees, 21. A lbert A . G inzberg , President. J oseph L. D ow ney , Treasurer. G uy A . H am , Clerk of the Corporation. Board of Trustees: P. S. A ronson , T obias B erman , E. J. B rody , R euben B roomfield , W. L. C ol lins , J. L. D ow ney , A. A. G inzberg , J. H. G oodman , A. M. G reenblatt , O scar G rosberg , G. A. H am , D. M. K asanof , C olman L ev in , M. L. L ourie , H yman P hillips , N athan P in a n sk i , Louis R osenberg , A . R . R osenthal , J oseph R udnick , I. W. Shapir a , H arris U lin . Board of Investment: J oseph R udnick , P. S. A ronson , I. W. Sh apir a , A . A. G inzberg , A. R . R osen th al , J. H . G oodman , N athan P in a n ski . Auditing Committee: E. J. B rody , A . M. G reenblatt , M. L. L ourie . Deposits draw interest from second Wednesday of February, May, August and November; dividends are payable the second Wednesday of May and November. Business hours: 9 a .m . to 3 p .m .; also Mondays and Saturdays, for deposits only, 7 to 9 p . m . STATEM EN T OF C O N D IT IO N , OCTOBER 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Stocks of banks and trust companies . . . 37 loans on real estate (average of each, $¿¡,039.86) . 17 loans on personal security . . . . Premium account . . . . . . Suspense account . . . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,000 2,895 4,925 6,912 186,475 58,787 73 200 5,939 3,185 00 00 00 50 00 50 08 00 72 87 s s e t s .............................................. $273,393 67 L ia b ilit ie s . $269,353 80 Due depositors on 2,931 accounts, averaging $91.89 each (Accounts opened during year, 1,628; closed, 633; increase, 995) Surplus: — Guaranty fund (.28% of deposits; increase during year, $525) Current income: — Interest . . . . . . . . . Less current expenses not charged off . . . Unearned discount https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . 775 00 $4,619 98 1,445 11 -------------- . T o t a l L ia b ilitie s . . . . . 3,174 87 90 00 $273,393 67 No. 8.] BAN K COMMISSIONER. 145 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Amount paid for $237.61 $2,021.71 Cost per $1,000 of assets .86 7.39 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $285.87 $2,545.19 1.04 9.29 .............................................................. 8.43 Gross income received during the year, $10,533.21. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .3 5 % ). Real estate loans (average rate, 5.24 per cent.): 5%, $97,275; 5}4%, $86,700; 6%, $2,500. Personal loans (average rate, 5.96 per cent.): 5%, $900; 5)^%, $2,500; 6%, $55,387.50. Bonds, stocks, etc. (average rate on amounts invested, 4.52 per cent.): 4M%. $10,000: 5%, $2,000; 6%, $5,000. * Number of loans not over $3,000 each, 9, amounting to $19,700. 17 real estate loans made during year, amounting to $80,150. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Number of deposits during year, 12,611, amounting to $2,226 73 3,258 79 228,648 28 Number of withdrawals during year, 3,908, amounting to $234,133 80 119,806 34 Net increase in amount due depositors $114,327 46 S C H E D U L E O F S E C U R IT IE S O W N E D . P u b lic F u n d s, B o n d s. R a ilr o a d B o n d s . Par Value. $2,000 Los Angeles, Cal., 4Jf>s 2,000 San Francisco, Cal., 5s $3,000 Chic., Mil. & St. Paul 4Hs S tr e e t R a ilw a y B o n d s . $5,000 West End -iy2s D ates of E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A udit , April 20-22 inclusive. B a n k S to c k s. Shs. 50 Federal Trust Co., Boston 146 REPO RT OF TH E [Pub. Doc. HAMPDEN SAVINGS BANK, SPRINGFIELD. 294 M A I N Incorporated April 13, 1852. STREET. * Number of corporators, 45; number of trustees, 15. D wight O. G ilmore , President. J ohn B . P helps , Treasurer. Louis C. H yde , Clerk of the Corporation. Board of Trustees: H . J. B ee b e , H . R. B emis , F. E . C arpenter , G. R. E stabrook , W. E . G ilbe rt , D. O. G ilmore , H . S. H yde , L. C. H yde , T. W . L eete , C. H . M ulligan , T . H . N y e , F. B. P ow ers , M . S. S outhworth , F. H . Stebbins , E . T . T ipft . Board of Investment: D . O. G ilmore , F. H . Steb bin s , F. E . C arpenter , W . E . G ilbe rt . Auditing Committee: H . S. H yde , M . S. S outhworth , E . T . T ifft . Deposits draw interest from the fifteenth day of February, May, August and November; dividends are payable February 18 and August 18. Business hours: 9 a .m . to 4 f .m .; Saturdays, 9 a .m to 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 393 loans on real estate (average of each, $9,191.15) . 53 loans on personal security . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $50,000 1,709,343 174,000 110,398 26,300 3,612,125 274,932 182,464 8,199 00 25 00 75 00 00 69 11 61 s s e t s ...............................................$ 6,147,763 41 L ia b ilit ie s . Due depositors on 10,178 accounts, averaging $564.95 each (Accounts opened during year, 1,707; closed, 1,818; increase, 889) Surplus: — a. Guaranty fund (4.96% of deposits; increase during year, 818,250) h. Profit and loss (decrease during year, 89,925.68) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $5,750,102 10 . 285,650 00 92,080 56 . $23,474 05 3,543 30 19,930 75 1 T o t a l L ia b ilitie s . . $6,147,763 41 No. 8.] BANK COMMISSIONER 147 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $8,695.08 $9,711.41 $5,600.04 $236.24 $1,630.52 $25,873.29 Cost per $1,000 of assets 1.41 1.57 .91 .04 .26 4.19 Cost per $1,000 of assets not including State tax and rent . 1.87 Gross income received during the year, $272,591.24. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .6 5 % ). Real estate loans (average rate, 4.96 per cent.): 4J^%, $225,000; 5%, $3,387,125. Personal loans (average rate, 5.15 per cent.): 5%, $217,400; 5)4%. $27,282.69; 6%, $30,250. Bonds, stocks, etc. (average rate on amounts invested, 4.04 per cent.): 1M%> $50,000; 3)4%, $400,000; 4%, $1,470,000; 4H %, $75,000; 5%, $100,000; 6%, $21,300; 8%, $5,000. Number of loans not over $3,000 each, 226, amounting to $384,407.69. 57 real estate loans made during year, amounting to $522,300. • V D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Feb., 1916, 2% Aug., 1916, 2% Number of deposits during year, 11,635, amounting to $103,616 05 108,292 19 1,185,894 03 Number of withdrawals dining year, 7,650, amounting to $1,397,802 27 960,507 57 Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $50,000 Boston 4s R a ilr o a d B o n d s . $150,000 Baltimore & Ohio 4s 50.000 Baltimore & Ohio 5s 50.000 Boston & Albany 4s 50.000 Boston & Lowell 4)4s 50.000 Boston & Maine 3J4s 50.000 B. & N. Y. Air Line 4s 100.000 C., B. & Q. Z'As 100.000 C., B. & Q. 4s 50.000 Cliicago, Mil. & St. Paul 4s D ates of $437,294 70 OF OW NED. S tr e e t R a ilw a y B o n d s . Par Value. $100,000 Conn. River 4s Par Value. 50.000 Fitchburg 3J4s $75,000 Boston Elevated 4s 50.000 Fitchburg 4s 50.000 Boston Elevated 5s 100.000 Illinois Central 3)4s 50.000 Springfield 4s 125.000 Illinois Central 4s 50.000 Lake Shore & Mich. So. 4s 25.000 Maine Central 4)4s 50.000 Minn., St. P. & Sit. St. M. 4s 50.000 N. Y. C. & H. R. 3Ms 100.000 N. Y. C. & H. R. 4s 50.000 N. Y. & N. E. Term. 4s Bank Stocks. 100.000 N. Y., N. H. & H. 3)4s Shs. 200.000 N. Y„ N. H. & H. 4s 213 Chapin Nl. Bk., Springfield 50.000 Old Colony 4s 50 Chicopee Nl. Bk., Springfield E xam ination , March 23, 24. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S E C U R IT IE S 148 REPO RT OF THE [Pub. Doc. HAVERHILL SAVINGS BANK, HAVERHILL. 153 M E R R I M A C K Incorporated February 8, 1828. STREET. Number of corporators, 58; number of trustees, 16. « W illiam W . S paulding , President. R aymond N oyes , Treasurer. A lfred E. C ollins , Clerk of the Corporation. Board of Trustees: I. A . A bbott , W. E. B ix b y , J. A . C olby , C. E. D ole , W. H. F loyd , E. G . F roth ingham , H. M . G oodwin , J. L. H obson , F. E. H utchinson , G. W. L en n ox , H. E. L e w is , J. A. L ynch , F. D. M cG regor , I saac P oor , C. D. P orter , W. W. Spaulding . Board of Investment: W. W. Spaulding , F. D . M cG regor , H . E. L ew is . Auditing Committee: C. E. D ole , W. H. F loyd , J. A . C olby . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the fourth Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; Sat urdays, 9 a .m . to 12.30 P.M. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 997 loans on real estate (average of each, $5,062.21) . Less amount due on uncompleted loans . . . . . . . . . . . . . $5,004,375 00 17,350 00 --------------------67 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $75,000; assessed value, $88,500) . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T otal A . . . . . . . . . . . . . . . . . . . . . . . . . . $719,250 00 879,635 00 234,070 00 121,831 25 153,100 00 5,047,025 00 1,276,100 00 25,000 00 125,799 22 7,198 91 s s e t s ...............................................$8,539,009 38 L ia b i l i t i e s . Due depositors on 16,955 accounts, averaging $462.42 each . . . . . (Accounts opened during year, 1,934; closed, 1,378; increase, 556) Surplus: — a. Guaranty fund (4-95% of deposits; increase during year, $24,000) . . . b. Profit and loss (decrease during year, $22,916.19) . . . . . . Current income: — Interest . . . . . . . . . . $5,590 63 Less current expenses not charged off . . . . 17 60 --------------------Suspense account . . . . . . . . . . . . $7,840,278 11 . $8,589,009 38 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 388,400 00 354,197 65 5,573 03 560 59 BAN K COM M ISSIO N ER. No. 8.] 149 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Bent. Advertising. Other Expenses. Total. Amount paid for $11,989.55 $13,326.00 $2,500.00 — $2,569.95 $30,385.50 Cost per $1,000 of assets 1.39 1.55 .29 — .30 3.53 Cost per $1,000 of assets not including State tax and rent . . . . . . 1.85 Gross income received during the year, $402,231.26. Rates on Investments and Loans (Average on All, 4.79%). Real estate loans (average rate, 4.94 per cent.): 4%%, $1,187,750; 5%, $3,839,450; 5}^%, $2,300; 6%, $17 525. Personal loans (average rate, 4.25 per cent.): 4%, $375,000; 4M%. $620,000; 4^ % , $25,000; 4,V<a%, $186,500; 4&%, $39,500; 5%, $30,100. Bonds, stocks, etc. (average rate on amounts invested, 4.75 per cent.): 3J^%, $145,000; 4%, $969,000, $533,000; 5%, $365,000; 5H%, $32,000; 8%, $153,100. Number of loans not over $3,000 each, 624, amounting to $1,042,800. 183 real estate loans made during year, amounting to $1,696,250. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1916, 2}4% Oct., 1916, 2M% $161,658 54 166,617 92 1,257,913 17 • N u m b e r of deposits during year, 1 9 ,9 3 7 , am ou nting to Number of withdrawals during year, 13,641, amounting to Net increase in amount due depositors . . . . . . . . . . . $1,586,189 63 1,108,975 14 . $477,214 49 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $190,000 Boston 4s 15.000 Brockton 4s 25.000 Fall River 4s 48.000 Haverhill 4s 100.000 Los Angeles, Cal., 4)-^s 32.000 Oakland, Cal., 5)^s 25.000 Omaha, Neb., 4^3 25.000 Portland, Ore., 4s 50.000 Portland, Ore., 4Hs 95.000 San Francisco, Cal., 5s 45.000 Seattle, Wash., 4J^s 20.000 Amherst 4s 51.000 Saugus 4s Railroad Bonds. Par Value. $67,000 Atch., Top. & Santa F6 4s 135.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4J^s 25.000 Boston & Maine 3}<>s 133.000 Boston & Maine 4Jd>s 70.000 Chic., Mil. & St. Paul 4)^s 50.000 Fitchburg 5s 50.000 Louisville & Nashville 5s 60.000 Maine Central 4Hs 158.000 N. Y. C. & H. R. 4s 120.000 N. Y., N. H. & H. 3)^s 50.000 N. Y., N. H. & H. 4s D a t e s of E x a m in a t io n , March 13-15 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. Par Value. $25,000 Boston Elevated 4V£s 170,000 Boston Elevated 5s 50,000 Old Colony 4s Bank Stocks. Shs. 187 Fourth-Atlantic Nl. Bk., Boston 500 Nl. Shawmut Bk., Boston 16 Webster & Atlas Nl. Bk., Boston 115 First Nl. Bk., Haverhill 375 Haverhill Nl. Bk. 300 Merrimack Nl. Bk., Haverhill 38 Bay State Nl. Bk., Lawrence REPORT OF TH E 150 [Pub. Doc. HAYDENVILLE SAVINGS BANK, HAYDENVILLE. SOUTH MAIN STREET. Incorporated March 17, 1869. Number of corporators, 42; number of trustees, 25. A l f r e d G. C o n e , Clerk of the Corporation. Board of Trustees: H o r a t io B is b e e , T. I. B k 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 in 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 in , 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 il l e r , L a w r e n c e M o l l o y , H . A. S m it h , S. W . T il t o n , C . B . T o w e r , C . H . W a it e . Board of Investment: B y r o n L o o m is , T. P. L a r k in , 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 il l , L. W. C l a p p , H. A. S m it 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 . t o 4 p .m .; Saturdays, 9 a .m . t o 12 M. STATEMENT OF CONDITION, OCTOBER 31, 1916. Assets. Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . Stocks of banks and trust companies . . . . . . . 405 loans on real estate (average of each, $1,259.68) . . . . 185 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $6,000; assessed value, $6,000) Taxes, insurance, etc., paid on mortgaged properties . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . $64,525 00 103,130 00 15,000 00 13,356 25 13,000 00 510,151 56 45,712 86 4,000 00 395 27 23,743 38 2,114 23 $795,128 55 Liabilities. Due depositors on 1,970 accounts, averaging $379.26 each . . . . . (Accounts opened during year, 821; closed, 281; increase, Ifi) Surplus: — o. Guaranty fund (4-81% of deposits; increase during year, $1,250) . . . b. Profit and loss (increase during year, $2,670.02) . . . . . Current income: — a. Interest . . . . . . . $2,752 69 b. Rent . . . . . . . . 261 50 --------------------$3,014 19 Less current expenses not charged off . . . . 793 41 --------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . $747,148 93 36,000 00 9,758 84 2,220 78 No. 8.] BAN K COM M ISSIONER, 151 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for ¡$671.20 SI,800.00 $240.00 $163.00 $937.19 $3,811.39 Cost per $1,000 of assets .87 2.27 .30 .20 1.18 4.82 Cost per $1,000 of assets not including State tax and rent . . . . . . 3.65 Gross income received during the year, $34,566.19. Rates on Investments and Loans (Average on All, 4.84%). Real estate loans (average rate, 5.02 per cent.): 5%, $469,446.20; 5A % , $20,425.11; 6%, $20,280.25. Personal loans (average rate, 5.74 per cent.); 5%, $11,904.62; 6%, $33,808.24. Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3A % , $42,000; 4%, $110,900; 4J^%, $30,000; 5%, $20,200; 6%, $4,600; 7%, $2,500; 10%, $900. Number of loans not over $3,000 each, 549, amounting to $367,164.42. 29 real estate loans made during year, amounting to $46,140. Dividends, Deposits and Withdrawals. Ordinary dividends declared dinring year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 1,841, amounting to $13,434 64 13,774 05 133,910 75 Number of withdrawals during year, 1,501, amounting to $161,119 44 104,085 00 Net increase in amount due depositors $57,034 44 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 Boston 3J^s 10.000 Boston 4s 1,000 Chicago, 111., 4s 11.000 Williamsburg 4s Public Funds, Notes. Railroad Bonds. Par Value. $20,000 Boston & Maine 4s 10.000 Boston & Maine ±]A s 10.000 C., B. & Q. 4s 10.000 Chic., Mil. & St. Paul 4J^s 10.000 Chic., R. I., & Pac. 4s 10.000 Connecticut River 3A& 10.000 Illinois Central 3As 12.000 N. Y„ N. H. & H. 3Aa 4.000 N. Y., N. H. & H. 4s 10.000 No. Maine Seaport 5s $1,200 Chesterfield 5s 1,500 Goshen 5s 29,900 Williamsburg 4s D a t e s o f E x a m in a t io n , November 15-17 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. Par Value. $5,000 Boston Elevated 4J^s 5.000 Boston Elevated 5s 5.000 Worcester Con. iA s Bank Stocks. Shs. 18 Conway Nl. Bk. 21 First Nl. Bk., Easthampton 25 City Nl. Bk., Holyoke 15 Home Nl. Bk., Holyoke 10 First Nl. Bk., Northampton 25 Hamp. Co. Nl. Bk., Northampton 9 Northampton Nl. Bk. REPORT OF TH E 152 [Pub. Doc. HIBERNIA SAVINGS BANK, BOSTON. 201 WASHINGTON STREET. Incorporated May 21, 1912. Number of corporators, 58; number of trustees, 35. P a t r ic k O ’H e a b n , President. J a m es N . C l a r k , Clerk of the Corporation. J o sep h J. F o r r e s t e r , Treasurer. A l b e r t P . H il l , Assistant Treasurer. Board of Trustees: It. H. B a k e r , J. J. B a e r y , J. E. B o w e n , J. F. C a e e n s , J. N. C l a r k , J. F. C r o n in , 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 oo d , J. M . G r a h a m , B. J. H e a n e y , J oh n L a l l y , E. L. L o g a n , J. F. Low, D. H. M a g u ir 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 , 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 , J. W. R e a r d o n , T. J. R e a r d o n , C. F. R io 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. F. C r o n in , 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 , E r n e s t M a n a h a n , F. W. C r o s b y , L. K. R o u r k e , T. W. G oo d , J. P . Low. 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 ., and for deposits only, 3 to 5 and 6 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1916. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 179 loans on real estate (average of each, $3,557.37) 11 loans on personal security . . . . Premium account . . . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $51,108 50 80,605 00 47,747 35 17,780 00 2,331 12 636,770 00 65,300 00 1,392 40 29,328 41 2,180 46 Total A s s e t s ................................$934,543 24 Liabilities. Due depositors on 2,274 accounts, averaging $405.16 each (.Accounts opened during year, 641; closed, 371; increase, 270) Surplus: — a. Guaranty fund (.64% of deposits; increase during year, $2,165.68) . h. Profit and loss (.increase during year, $1,291.09) . . . . . . Current income: — Interest . . . . . . . . . . $1,991~69 Less current expenses not charged off . . . . 1,875 16 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $921,324 75 5,862 42 7,239 54 116 53 Total Liabilities . . . . . $934,543 24 BAN K COM M ISSIO N ER. No. 8.] 153 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,131.14 $2,191.67 $3,166.68 $357.65 $2,036.52 $8,883.66 Cost per $1,000 of assets 1.21 2.35 3.39 .38 2.18 9.51 Cost per $1,000 of assets not including State tax and rent . . . . . . 4.91 Gross income received during the year, $40,799.44. Rates on Investments and Loans (Average on All, 4.96%). Real estate loans (average rate, 5.12 per cent.): 5%, $482,120; 5A% , $151,650; 6%, $3,000. Personal loans (average rate, 4.57 per cent.): 4J^%, $60,000; 5%, $3,000; 5J£%, $900; 6%, $1,400. Bonds, stocks, etc. (average rate on amounts invested, 4.58 per cent.): 4%, $102,500; 43^%, $51,000; 5%, $54,000 ; 6%, $1,700. Number of loans not over $3,000 each, 69, amounting to $139,270. 2S real estate loans made dining year, amounting to $96,030. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 3,885, amounting to $14,168 89 16,216 42 382,334 63 Number of withdrawals during year, 2,566, amounting to $412,719 94 271,959 99 Net increase in amount due depositors $140,759 95 SCHEDULE OE SECURITIES OWNED. Public Funds, Bonds. Par Value. $15,000 Boston 4s 5.000 San Francisco, Cal., PA& 7.000 San Francisco, Cal., 5s 12.000 Seattle, Wash., 5s Public Funds, Notes. $2,000 Needham 4s 10.000 Swampscott 4J^S 500 Walpole 4s Railroad Bonds. Par Value. $11,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio PAß 5.000 Baltimore & Ohio 5s 10.000 Chi., Mil. & St. Paul 4s 10.000 Chi., Mil. & St. Paul 5s 15.000 Illinois Central 4s 5.000 Lake Shore & Mich. So. 4s 10.000 N. Y. C. & H. R. 4s 10.000 Northern Pacific PAß Street Railway Bonds. Par Value. $6,000 Boston Elevated 4J^s 20.000 Boston Elevated 5s 2,000 Boston & Northern 4s 12.000 West End 4s 10.000 West End 4Hs Bank Stocks. Shs. 17 Federal Trust Co., Boston D a te s of E x a m in a t io n a n d A u d it , January 27-February 3 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF TH E 154 [Pub. Doc. HINGHAM INSTITUTION FOR SAVINGS, HINGHAM. MAIN STREET. Incorporated April 2, 1834. Number of corporators, 56; number of trustees, 14. H o w a r d P . H e r s e y , Treasurer. M o r b is F . W h it o n , President. E l m e r L . C u r t is s , Clerk of the Corporation. Board of Trustees: C . B. B a r n e s , E. L. C u r t is s , H. W. C u s h in g , W. B. F e a r in g , J. S. F o w l e r , F . M. H e r s e y , H. P. H e r s e y , E. B. L o r in g , G. S. M a r s h , B. A. R o b in s o n , E. F . S k in n e r , E . E. W h it n e y , M . F . W h it o n , B . C . W i l d e r . Board of Investment: M. F. W h it o n , H. W. C u s h in g , F. M. H e r s e y , W. B. F e a r in g . Auditing Committee: M. F. W h it o n , B. A. R o b in s o n , E. F. Sk i n n e r . 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: 8.30 a . m . to 12 m .; 1 to 3.30 p . m .; Saturdays, 8.30 a . m . to 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1916. 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 . . . 416 loans on real estate {average of each, $3,657.51) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,536,523 96 . . . 15,000 00 --------------------29 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $5,000; assessed value, $3,500) . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . $124,314 00 716,515 00 122,754 00 50,000 00 54,585 00 10,000 00 1,521,523 96 476,750 00 5,000 00 34,567 37 3,293 85 Total A s s e t s ................................$3,119,303 18 Liabilities. Due depositors on 5,406 accounts, averaging $529.01 each (Accounts opened during year, 513; closed, 456; increase, 57) Surplus: — a. Guaranty fund (4-57% of deposits; increase during year, $3,052) b. Profit and loss (increase during year, $18,049.95) Current income: — a. Interest . . . . . . . $42,611 40 b. R e n t .......................................................... 438 20 . $2,859,842 45 142,139 00 77,527 87 $43,049 60 Less current expenses not charged off . Less State or local taxes not charged off . . . $3,659 12 69 15 3,728 27 ------------ Unearned discount https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 39,321 33 472 53 . $3,119,303 18 BAN K COM M ISSIONER No. 8.] 155 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $5,749.74 $7,680.32 $1,000.00 $157.25 $2,963.12 $17,550.43 .05 .95 5.62 Cost per $1,000 of assets 1.84 2.46 .32 Cost per $1,000 of assets not including State tax and rent . 3.46 Gross income received during the year, $149,517.64. Rates on Investments and Loans (Average on All, 4.76%). Real estate loans (average rate, 5.33 per cent.): 4%, $3,000; 4%%, $19,000; 5%, $876,533.96; 5J4%, $9,000; 5*4%, $237,250; 6%, $357,765; 6 ^ % , $4,600; 7%, $14,375. Personal loans (average rate, 4.32 per cent.): 4%, $85,000; 4)4%, $25,000; 4J4%> $192,000; 4%%, 25,000; 4)4%, $120,000; 5%, $27,100; 6%, $2,650. Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cent.): 3)4%, $260,000; 4%, $554,000; 4)4%, $170,000; 5%, $80,000; 5)4%, $15,000; 6%, $14,000. Number of loans not over $3,000 each, 274, amounting to $425,843.26. 37 real estate loans made during year, amounting to $198,150. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 3,389, amounting to $54,439 52 55,061 59 326,082 51 Number of withdrawals during year, 3,396, amounting to Net increase in amount due depositors . . . . . . . . . . . . $435,583 62 374,748 84 . $60,834 78 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $15,000 California, State of, 4s 60.000 Boston 4s 10.000 Chelsea 3)4& 15.000 Oakland, Cal., 5)4s 10.000 Springfield 3)4$ 10.000 Waterbury, Ct., 3)4a 5,000 Woonsocket, R. I., 4s Railroad Bonds. $25,000 Atch., Top. & Santa F6 4s 25.000 Baltimore & Ohio 4)4s 10.000 Baltimore & Ohio 5s 20.000 Bangor & Aroostook 5s 20.000 Boston & Albany 3}4s 15.000 Boston & Maine 3)4b Par Value. $10,000 Boston & Maine 4s 10.000 Boston & Maine 4)4b 4.000 Burlington & Mo. River 6s 50.000 Chic., Mil. & St. Paul 4}4ß 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 3)4a 50.000 Illinois Central 4s 5.000 Mich. Central 3)4s 10.000 Minn., St. P. & Sit. St. M. 4s" 70.000 N. Y. C. & H. R. 4s 25.000 N. Y. C. & H. R. 4)4a 80.000 N. Y., N. H. & H. 3^s 15.000 N. Y., N. H. & H. 4s 15.000 No. Maine Seaport 5s D a t e s o f E x a m in a t io n , February 1 4 , 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $35,000 Old Colony 3)4a 25.000 Pennsylvania 4)4a 25.000 Pitts., Lake Erie & W. V. 4s 50.000 Portland Terminal Co. 4s 25.000 Southern Pacific 4s Street Railway Bonds. $50,000 Boston Elevated 4s 35.000 Roston Elevated 4)4$ 14.000 Boston & Northern 4s 25.000 Springfield 4s Bank Stocks. Shs. 100 Hingham Trust Co. \ [Pub. Doc. REPO RT OF THE 156 HOLLISTON SAVINGS BANK, HOLLISTON. W A S H IN G T O N ST R E E T . Incorporated February 27, 1S72. Number of corporators, 25; number of trustees, 15. C harles D . F isher , President. A lbert E. P hipps , Treasurer. J ohn M . B atchelder , Clerk of the Corporation. Board of Trustees: H. L. A dams, C. H. M . B artlett , J. M . B atchelder , C. A. C row ley , A . M . C u tler , E. A . D an iels , J. H. D ew ing , C. P. D ozois , C. D. F ish er , W. P. K ingsbury , J. F. L eland , P. F. L eland , A loise M aeder , J. H. M ahoney , A . E . P hipps . Board of Investment: C. D. F isher , H. L. A dams, C. A. C row ley , J. F. L eland , A loise M ae de r . Auditing Committee: C. H. M. B artlett , C. D. F isher , A. M. C utler , C. P. D ozois . Deposits draw interest from first day of March, June, September and December; dividends are pay able the first Monday 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 . S TA TE M E N T OF C O N D ITIO N , O C T O B E R 31, 1916. A ssets. 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 . 198 loans on real estate (average of each, $1,420.55) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $281,430 18 161 67 . . . 1 loan on personal security . . . . . . . . Bank building and fixtures (estimated value, $6,300; assessed value, $7,100) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies . . . . Cash . . . . . . . . . . . . * T o t a l A ssets $97,331 78,600 11,000 3,000 7,065 4,575 1 66 00 00 00 00 00 00 281,268 125 5,700 36 12,093 2,803 51 00 00 40 44 12 $503,599 13 L ia b ilities. Due depositors on 1,427 accounts, averaging $321.23 each (Accounts opened during year, 216; closed, 174; increase, 43) Surplus: — a. Guaranty fund (4-93% of deposits; increase during year, $500) h. Profit and loss (increase during year, $1,921.19) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $458,400 04 22,605 00 14,623 43 $9,038 09 1,067 43 7,970 66 T o t a l L ia b ilitie s . . . . . $503,599 13 157 BANK COMMISSIONER. No. 8.] T o t a l E xpenses fo r t h e Y ea r, in c lu d in g S ta te Taxes. Total. Advertising. Other Expenses. State Tax (Net). Salaries. Rent. $2,978.36 $401.35 Amount paid for $432.90 $1,784.11 $300.00 5.89 .91 Cost per $1,000 of assets .85 3.54 .59 4.45 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $23,845.18. K ates o n I n v e stm e n ts a n d L oa n s (A verage o n A ll, 4.97% ). Real estate loans (average rate, 5.51 per cent.): 5%, $S4,555; 5J^%, $104,094.04; 6%, $92,619.47. Personal loans (average rate, 6 per cent.) : 6%, $125. Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3J^%, $22,000; 4%, $135,466.56; 4H%, $17,000; 5%, $22,000; 6%, $7,400. Number of loans not over $3,000 each, 204, amounting to $241,757.74. 14 real estate loans made during year, amounting to $21,116.85. D iv id en ds, D ep osits a n d W ith d ra w a ls. Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2% Number of deposits during year, 1,561, amounting to $8,497 20 8,567 00 85,290 89 Number of withdrawals during year, 1,333, amounting to $102,355 09 82,884 99 $19,470 10 Net increase in amount due depositors SCHEDULE OF SE C U R ITIE S OW NED. Par Value. $2,000 Needham 4s 4.000 Reading 4s 2,500 Revere 4s P u b lic F u n d s, B o n d s. Par Value. $6,000 Boston 4s 2.000 Brockton 4s 2.000 Chelsea 4s 5.000 Fall River 3J^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., 4J^s 3.000 Quincy 4s 5.000 Rockville, Ct., 4s 5.000 San Francisco, Cal., 5s 1.000 Seattle, Wash., 4]4.b 3.000 Troy, N. Y., 4J/£s 6.000 Waltham 4s 3.000 Ashland 4s 2,500 Concord 4s 1.000 Framingham 4s 500 Mansfield 4s D a ^ks op E xam ination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P u b lic F u n d s, N otes. $500 Brockton 4s 3.000 Holbrook 4s 3,465 Holliston 4s 4.000 Ipswich 4s 2.000 Marlborough 4s 5.000 Revere 4s 1.000 Wrentham 4s R a ilro a d B on d s. $4,000 Baltimore & Ohio 5s 4.000 Boston & Albany 4s 2.000 Boston & Albany 5s 6.000 Boston & Maine 4s 5.000 Boston & Maine 4J^s 8.000 C., B. & Q. 4s and A udit , February 8-11 inclusive. Par Value. $7,000 Illinois Central 3^s 3.000 Louisville & Nashville 6s 5.000 N. Y. C. &H. R. 4s 5.000 N. Y., N. H. & H. 3^8 10.000 N. Y., N. H.&H.4S 11.000 No. Maine Seaport 5s 5.000 Pennsylvania 4J^s 3.000 Pitts., Va. & Charleston 4s 2.000 Washington Co. 3Ms S tre e t R a ilw a y B o n d s. $4,000 Boston Elevated 4s 2.000 Boston Elevated 4J^s 5.000 West End 4s B a n k S to c k s. Shs. 15 Franklin Nl. Bk. 29 Framingham Nl. Bk. 158 [Pub. Doc. REPO RT OF TH E HOLYOKE SAVINGS BANK, HOLYOKE. 195-201 H IG H STR E E T. Incorporated February 21, 1855. Number of corporators, 66; number of trustees, 18. R obebt R ussell , President, C hakles W . J ohnson , Treasurer. A lbebt G. M agna , Clerk of the Corporation. Board of Trustees: J. A. C lough , F. H . D ibb le , G. C . G ill , H . O. H astings , D . H. I ves , C . C. Jen ks , W. D. J udd , A. G. M agna , F. H . M etcalf , N. C. M an sib , P hilandeb M oobe , T. J. M orrow , M. W. P bentiss , W. A. P bentiss , H . L. R ussell , R obert R ussell , F. A. W hiting , J. L. W yckoff . Board of Investment: R obert R ussell , J. A . C lough , F. H . D ibb le , D . H. I ves . Auditing Committee: F. A . W hiting , W . A . P rentiss , H . L. R ussell . Deposits draw interest from first day of January, April, July and October; dividends are payable the third Monday 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 . STA T E M E N T OF C O N D ITIO N , O C T O B E R 31, 1916. 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 . . . . . . . 708 loans on real estate {average of each, $6,061.19) . . . . . . . 83 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $60,000; assessed value, $4?$60) . . Deposits in national banks or trust companies . . . . . . . C a s h ....................................................................................................................................... $345,615 90 2,126,358 90 406,141 40 23,218 75 104,355 00 173,872 00 1 00 4,291,327 00 669,450 00 41,500 00 259,961 89 8,749 03 . $8,450,550 87 T o ta l A ssets L ia bilities. Due depositors on 14,404 accounts, averaging $533.70 each . (Accounts opened during year, 1,872; closed, 1,677; increase, 196) Surplus: — a. Guaranty fund (4.91% of deposits; increase during year, $13,000) b. Profit and loss (increase during year, $21,495.66) . . . . . . Current income: — a. Interest . . . . . . . $151,034 86 b. Rent . . . . . . . 474 93 --------------------$151,509 79 Less current expenses not charged off . . . . 6,127 47 Unearned discount T o ta l L ia b ilities . . . . . $7,687,456 92 378,000 00 238,936 88 145,382 32 774 75 $8,450,550 87 T o t a l E xpenses fo r t h e Y ea r, in c lu d in g S ta te Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $15,168.03 $12,259.92 $2,800.00 $170.65 $3,337.49 $33,736.09 Cost per $1,000 of assets 1.79 1.43 . 33 . 02 .39 3.96 Cost per $1,000 of assets not including State tax and rent . . 1.84 Gross income received during the year, $379,711.88. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 159 BANK COMMISSIONER, No. 8. R ates o n In v estm en ts a n d L oa n s (A verage o n A ll, 4.71% ). Real estate loans (average rate, 4.95 per cent.): 4)4%, 314,000; 4)4%, $444,400; 5%, $3,764,452; 5)4%, $34,350; 6%, $34,125. Personal loans (average rate, 4.52 per cent.): 4%, $25,000; 4)4%, $271,000; 4)4%, $136,500; 4)4%, $1,500; 5%, $184,775; 5)4%, $13,000; 5)4%, $29,375; 6%, $200. Bonds, stocks, etc. (average rate on amounts invested, 4.49 per cent.): 3%, $12,000; 3)4%, $671,000; 3)4%. $17,600; 4%, $1,848,400 ; 4)4%, $239,000; 5%, $322,525; 6%, $44,900; 7%, $40,300; 8%, $21,000; 10%, $74,200; 14%, $2,000. Number of loans not over $3,000 each, 438, amounting to $689,612. 141 real estate loans made during year, amounting to $743,450. D iv id en ds, D ep osits a n d W ith draw als. Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 22,290, amounting to . $139,477 54 143,681 95 1,355,984 22 Number of withdrawals during year, 12,438, amounting to . $1,639,143 71 1,141,148 36 Net increase in amount due depositors . . . . $497,995 35 . SCHEDULE OF SEC U RITIE S OW NED. P u b lic F u n d s, B on d s. Par Value. $9,000 Bay City, Mich., 5s 23.000 Boston 4s 20.000 Dubuque, la., 4s 6.000 Fall River 4s 23.000 Haverhill 4s 2.000 Lewiston, Me., 5s 35.000 Los Angeles, Cal., 4)4s 20.000 Lynn 4s 12.000 Oshkosh, Wis., 4s 10.000 San Francisco, Cal., 4)4s 10.000 San Francisco, Cal., 5s 24.000 Seattle, Wash., 4)4s 22.000 South Norwalk, Ct., 4s 10.000 Superior, Wis., 4Hs 5.000 Longmeadow 4s 3.000 Nantucket 4s 35.000 North Kingstown, R. I., 4s 4.000 Pepperell 4s 3.000 Russell 4s 5.000 Stow 3)|s 6,900 Walpole 4s 5.000 Westerly, R. I., 3As 3.500 Whately 4s 12.000 Blandford (F. D.) 4s 20.000 Kennebec, Me. (W. D.), 3As P u b lic F u n d s, N otes. $10,000 Easthampton 3Ms 5.500 Hull 4s 3.000 Saugus 3A b R a ilro a d B on d s. $30,000 Atch., Top. & Santa F6 4s 20.000 Baltimore & Ohio 3)^s 70.000 Baltimore & Ohio 4s 35.000 Baltimore & Ohio 4)£s 13.000 Baltimore & Ohio 5s 25.000 Bangor & Aroostook 5s 50.000 Boston & Albany 3Aa 70.000 Boston & Albany 4s 28.000 Boston & Lowell 4s 50.000 Boston & Maine 3As 102,000 Boston & Maine 4s D ates of E xam ination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and Par Value. $25,000 Boston & Maine 4)^s 10.000 B. & N. Y. Air Line 4s 30.000 Boyer Valley 3A b 16,600 Burl. & Missouri R. 6s 45.000 C., B. & Q. 3Aa 60.000 C„ B. & Q. 4s 50.000 Chic., Mil. & St. Paul 4s 15.000 Chic., Mil. & St. Paul 5s 23.000 Chicago & Northwest. 3Aa 26.000 Chicago & Northwest. 4s 100.000 Chic., R. I. & Pacific 4s 50.000 Concord & Montreal 4s 50.000 Connecticut River 4s 10.000 Conn. River 6s„ notes 30.000 Fitchburg 3A& 153.000 Fitchburg 4s 20.000 Fitchburg 4)£s 25.000 Fitchburg 5s 12.000 Illinois Central 3s 187.000 Illinois Central '¿14a 75.000 Illinois Central 4s 81.000 Lake Shore & Mich. So. 4s 10.000 Lime Rock 4s 35.000 Louisville & Nashville 4s 10.000 Me. Cent. & E. & N. A. 4s 25.000 Michigan Central 3As 15.000 Minnesota & Iowa 3Aa 25.000 Minn., St. P. & Sit. St. M. 4s 25.000 N. Y. C. & H. R. 3Aa 75.000 N. Y. C. & H. R. 4s 80.000 N. Y., N. H. & H. 3Aa 140.000 N. Y., N. H. & H. 4s 50.000 No. Maine Seaport 5s 16.000 Old Colony 4s 20.000 Pennsylvania 4)^s 22.000 Pitts., Va. & Charlest’n 4s 15.000 Portland & R. Falls 4s 20.000 Sullivan Co. 4s 38.000 Washington Co. 3As 15.000 West Virginia & Pitts. 4s S treet R a ilw a y B on d s. $40,000 Boston Elevated 4s 45,000 Boston Elevated 4)£s $51,000 Boston Elevated 5s 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 62.000 West End 4s 15.000 Wore. Consolidated 4)£s B a n k S to ck s. 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 A udit , November 13-17 inclusive. 160 [Pub. Doc. REPO RT OF THE HOME SAVINGS BANK, BOSTON. 75 T R E M O N T S TR E E T. Incorporated March 17, 1869. Number of corporators, 51; number of trustees, 30. G eobge E. B bock , President. C hables S. N obeis , Treasurer. L aweence H. M ebchant , Clerk of the Corporation. E dw in H. C eam , Assistant Treasurer. C ab l M. Spen ceb , Assistant Treasurer. Board of Trustees: S. L. B ae tlett , G. D . B igelow , E dmund B illings , C abl B bandt , G. E . B bock , A. H. C olby , H. W. C umneb , A. H. C ubtis , C. F. C utleb , R. H. W. D w ight , G. H. E llis , G. A. F eenald , I. G. H ebsey , C. C. H oyt , G eobge H utchinson , H. C. Jackson , J ehome J ones, T heodobe J ones , W. T. K eough , C. W. L eonaed , F hank L eveboni , F. A. M obse , C. S. N obbis , J. N. P ae ke b , W. L. P iebce , E . G. P beston , S. W. R eynolds , J. H. R ussell , G. S. Smith , F. A. T u bnee . ' Board of Investment: G. E. B bock , H. C. J ackson , J. H. R ussell , I. G. H ebsey , C. F. C utleb , C. C. H oyt . Auditing Committee: S. W. R eynolds , R. H. W. D w ight , G. H. E llis . Deposits draw interest from tenth day of January, April, July and October; dividends are payable the third Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; also Saturdays, except during July and August, for deposits only, 4 to 7 p .m . STA T E M E N T OF C O N D ITIO N , O C T O B E R 31, 1916. A ssets. $2,075,631 17 . . 3,998,837 65 . . 507,585 40 . . 30,000 00 . . 117,900 00 . . . $14,743,690 00 47,000 00 14,696,690 00 5,825,885 00 229,905 67 Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . . . Street railway bonds . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . Stocks of banks and trust companies . . . . . . 1,044 loans on real estate (average of each, $14,077.29) . . Less amount due on uncompleted loans . . . . . . . . . . . 170 loans on personal security . . . . Real estate by foreclosure, etc. (assessed value, $266,000) Taxes, insurance, etc., paid on mortgaged properties Premium account . . . . Deposits in national banks or trust companies Cash and cash items . . . . . . 10,100 12 343 75 554,481 03 17,582 84 . $28,064,942 63 T o ta l A ssets L ia bilities. . $26,314,153 83 Due depositors on 58,486 accounts, averaging $449.92 each (.Accounts opened during year, 9,419; closed, 6,025; increase, 8,394) Surplus: — a. Guaranty fund (4-88% of deposits; increase during year, $85,000) h. Profit and loss (decrease during year, $96,807.84) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Unearned discount . . . . . . . . T o ta l L ia b ilities . . $94,912 30 4,684 44 ---------------- . . . . . 1,285,000 00 298,252 62 90,227 86 77,308 32 $28,064,942 63 T o t a l E xpenses fo r th e Y ea r, in c lu d in g S tate Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $44,620.96 $36,616.66 $12,000.00 $2,181.38 $16,111.70 $111,530.70 Cost per $1,000 of assets 1.59 1.30 .43 .08 .57 3.97 Cost per $1,000 of assets not including State tax and rent . . . . . . 1.95 Gross income reoeived during the year, $1,203,381.02. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8. 161 BANK COMMISSIONER. R ates o n In v e stm e n ts a n d L oa n s (Average o n A ll, 4.61% ). Real estate loans (average rate, 4.79 per cent.): 4%, $984,000; 4)4%, $754,500; 4)4%, $3,193,275; 434%, $845,000; 5%, $8,445,115; 5)4%, $1,700 ; 5)4%, $448,700; 6%, $24,400. Personal loans (average rate, 4.06 per cent.): 3)4%, $505,000; 3j)£%, $324,050; 4%, $2,677,500; 4)4%, $100,000; 4M%, $1,815,635; 4)4%, $401,450; 5%, $2,250. Bonds, stocks, etc. (average rate on amounts invested, 4.69 per cent.): 3%, $643,000; 3)4%, $30,000; 4%, $2,234,500; 4)4%, $49,000; 4)4%, $1,205,724.37; 4)4%, $40,000; 5%, $1,375,000; 5)4%, $10,000; 6%, $1,000,000; 7%, $62,500; 8%, $23,400; 10%, $22,000; 12%, $40,000; 16%, $32,500. Number of loans not over $3,000 each, 206, amounting to $399,540. 117 real estate loans made during year, amounting to $1,920,250. D ivid en ds, D ep osits a n d W ith draw als. Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 82,664, amounting to $466,506 06 491,130 50 5,889,736 74 Number of withdrawals during year, 55,049, amounting to $6,847,373 30 4,596,238 42 Net increase in amount due depositors . . . . . . $2,251,134 88 SCHEDULE OF SEC U RITIE S OW NED. P u b lic F u n d s, B on d s. Par Value. $10,000 Essex Co. 4s 32.000 Akron, 0., 5s 175.000 Boston 4s 25.000 Bristol, Conn., 4)4s 16,500 Brockton 4s 10.000 Canton, 0., 5)4s 26.000 Chicago, 111., 4)4s 25.000 Cleveland, 0., 4)4s 50.000 Cleveland, 0., 5s 105.000 Fall River 4s 10.000 Flint, Mich., 4)^s 50.000 Grand Rapids, Mich., 4)4s 19.000 Haverhill 4s 22.000 Holyoke 4s 30.000 Holyoke 4)4s 20.000 Indianapolis, Ind., 4s 30.000 Kansas City, Mo., 4)4s 20.000 La Crosse, Wis., 4s 19.000 Los Angeles, Cal., 4)4s 12,750 Lowell 4)4s 15.000 Lowell 4%s 10.000 Lynn 4s 40.000 Lynn 4)4s 10.000 Medford 4s 25.000 Milwaukee, Wis., 4)4s 50.000 Minneapolis, Minn., 4s 50.000 Newton 4s 25.000 Omaha, Neb., 4)4s 19.000 Pittsburgh, Pa., 4)4s 5.000 Portland, Ore., 5s 36.000 Quincy 4s 25.000 Racine, Wis., 5s 25.000 St. Paul, Minn., 4)£s 40.000 St. Paul, Minn., 5s 50.000 Seattle, Wash., 5s 3C,500 Syracuse, N. Y., 4)£s 4.000 Toledo, 0., 4His 25.000 Toledo, O., 4%s 65,474 Troy, N. Y., 4H>s 16.000 Waterbury, Ct., 4s 25.000 Worcester 4s 9.000 Youngstown, 0., 5s 8.000 Arlington 4His 11.000 Brookfield 4s 9.000 Franklin 4Ks 5.000 Leominster 4s 25.000 Stamford, Ct., 4)^s 19.000 W. Bridgewater 4s 21.000 West Springfield 4s 3.000 Westfield 4s 10.000 Whitman 4s P u b lic F u n d s, N otes. $20,000 Plymouth Co. 3s 3.000 Attleboro 3s 30.000 Brockton 3s 110.000 Lynn 3s 30.000 Melrose 3s 50.000 Northampton 3s 165.000 Somerville 3s 40.000 Adams 3s 15.000 Amesbury 3s 25.000 Deerfield 3s 15.000 Duxbury 3s 20.000 Hull 3s 10.000 Manchester 4s 15.000 Marshfield 3s 10.000 Norton 3s ' 9.000 Reading 4)£s 20.000 Rockport 3s 35.000 Saugus 3s 40.000 Walpole 3s Railroad Bonds. $25,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4)^s 210.000 Boston & Albany 4s 125.000 Boston & Albany 5s 5.000 Boston & Lowell 4s 100.000 Boston & Maine 4s 46.000 Boston & Maine 4)^s 20.000 Carth., Wat. & Sack. H. 5s 3.000 Central Ohio 4)^s 170.000 C., B. & Q. 4s 15.000 C., B. & Q. 5s 150.000 Chic., Mil. & St. P. 5s 47.000 Chic., Mil. & St. P. 6s 181.000 Chicago & Northwestern 4s 64.000 Chic. & Northwestern 5s 125.000 Chic. & Northwestern 6s 232.000 Chic., St. P., Minn. & 0. 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 233.000 Fitchburg 4s 45.000 Fre., Elkh. & Mo. Valley 6s 75.000 Gouv. & Oswegatehie 5s 140.000 Lake Shore & Mich. So. 4s 130.000 Louisville & Nashville 6s 200.000 Maine Central 4)^s D a t e s o p E xam ination , November 6-11 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $79,000 Michigan Central 5s 62.000 Milwaukee & Northern 4)<is 11.000 Mil., L. S. & W. 5s 19.000 Mil., L. S. & W. 6s 50.000 Minn., St. P. & Sit. St. M. 4s 50.000 Minn., St. P. & Sit. St. M. 5s 25.000 Minneapolis Union 6s 127.000 Mobile & Ohio 6s 6.000 Montana Central 5s 2.000 Montana Central 6s 120.000 Nash., Florence & Shef. 5s 25.000 N. Y. C. & H. R. 4s. 50.000 New York & Northern 5s 1.000 N. Y., Lack. & West. 6s 19,500 Northwestern Union 7s 79.000 Ohio River 5s 115.000 Old Colony 4s 25.000 Penobscot Shore Line 4s 20.000 Philadelphia & Erie 6s 100.000 Pine Creek 6s 50.000 Portland & Ogdens. 4)^s 30.000 Rome, Watertown & Og. 5s 50.000 San Fran. & San J. Val. 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 10.000 Spokane Falls & North. 6s 50.000 Vermont Valley 4)^s 26.000 Wilmar & Sioux Falls 5s 33.000 Winona & St. Peter 7s S tre e t R a i l w a y B o n d s. $150,000 Boston Elevated 4)^s 25.000 Holyoke 5s 45.000 West End 4s 103.000 West End 4)¿s 175.000 West End 5s 10.000 Worcester Con. 4Hs B a n k S to ck s. 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 M A IN STREET. H . E . W e t h e r b e e , Clerk of the Corporation. Board of Trustees: O. A. A r c h e r , P . J. A s h e , A . H . B a r b e r , E dm un d B is s a il l o n , W . W . B u t l e r , G. A . H a s t in g s , J. D. H u n t e r , J. E. H u n t e r , G. P . L a w r e n c e , W . B. P a r m e l e , E. B. P e n n i m a n , C. Q . R ic h m o n d , W . W . R ic h m o n d , D. A . R u s s e l l , H . E . W e t h e r b e e . Board of Investment: W . W . B u t l e r , E dm un d B is s a il l o n , H . E . W e t h e r b e e . Auditing Committee: D. A. R u s s e l l , A. II. B a r b e r , W. B. P a r 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 . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . 342 loans on real estate {average of each, SI,968.80) . . . . . . 112 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $120,000; assessed value, $91,500) Real estate by foreclosure, etc. (assessed value, $14,900) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . . . . . $516,348 75 134,433 25 28,338 50 671,620 78 104,950 58 100,000 00 8,342 52 59 63 27,795 60 3,608 34 . . $1,5 95 ,4 9 7 95 Due depositors on 4,913 accounts, averaging $307.78 each . . . . {Accounts opened during year, 1,399; closed, 1,076; increase, 323) Surplus: — Guaranty fund {4.53% of deposits; increase during year, $7,049.13) . Current income: — Interest . . . . . . . . . . . . . $1,512,125 06 T o t a l A s s e ts . . . . . . . . . . L ia b ilit ie s . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilit ie s . . . . 68,482 06 14,890 83 $ 1,595,497 95 No. 8. BANK COMMISSIONER. 163 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Amount paid for $3,012.38 $3,646.67 $1,000.00 $422.11 $1,759.36 Cost per $1,000 of assets 1.89 2.28 .63 .26 1.10 Cost per $1,000 of assets not including State tax and rent . Total. $9,840.52 6.46 3.64 Gross income received during the year, $74,673.88. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .9 0 % ). Real estate loans (average rate, 5.55 per cent.): 5%, $289,955; 5J^%, $23,550; 6%, $358,115.78. Personal loans (average rate, 5.42 per cent.): 4%, $21,861; 5%, $16,560; 6%, $66,529.58. Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3%, $5,000; 3J^%, $215,000; 4%, $352,000 ; 4W7o, $35,000; 5%, $100,000. Number of loans not over $3,000 each, 387, amounting to $408,351.39. 26 real estate loans made during year, amounting to $43,880. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2% Number of deposits during year, 9,091, amounting to $26,152 57 27,204 77 530,536 61 Number of withdrawals during year, 4,634, amounting to Net increase in amount due depositors SCH EDU LE R a ilr o a d B o n d s . Par Value. $84,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4)^s 40.000 Baltimore & Ohio 5s 10.000 Boston & Albany 4s 12.000 Boston & Maine 3)^8 10.000 C., B. & Q. 4s 10.000 Chic., Mil. & St. Paul 4p£s 7.000 Fitchburg 3)4s 5.000 Fitchburg 4s . OF . . . S E C U R IT IE S . . . . . . $583,893 95 432,198 96 . $151,694 99 OW NED. Par Value. $5,000 Illinois Central 5s 68.000 Illinois Central 3J^s 15.000 Illinois Central 4s 5,000 Maine Central 4J^s 68.000 Michigan Central 3)4s 45.000 N. Y. C. & H. R. 4s 60.000 N. Y., N. H. & H. 3^s 53.000 N. Y., N. H. &H.4s 30.000 Northern Maine Seaport 5s D a t e s op E x a m in a t io n , June 27-29 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . S tr e e t R a ilw a y B o n d s . Par Value. $60,000 Boston Elevated 4s 10.000 Boston Elevated 4J4s 20.000 Boston Elevated 5s 30.000 Boston & Northern 4s 10.000 Old Colony 4s 10.000 West End 5s REPO RT OF THE 164 [Pub. Doc, HOPKINTON SAVINGS BANK, HOPKINTON. M A IN Incorporated March 23, 1867. STREET. Number of corporators, 28; number of trustees, 16. J. D a v id St e w a r t , President. W a l t e r M . H il l ia r d , Clerk, of the Corporation. E r n e s t H . A d a m s , Treasurer. E f f ie L . W oods , Assistant Treasurer. Board of Trustees: E. H . A d a m s , E. A . B r ig g s , G. W . B u t t e r f ie l d , J. L . C l a f l in , P . H . D o l a n , ' L . F. F a ir b a n k s , A . W. G e r r y , W. M. H il l ia r d , A . N. K y e s , W. S. M o r se , W. D . M o s h ie r , A l f r e d P h ip p s , H . H . P ip e r , J. D . S t e w a r t , G. S. T h o m p so n , W . A . W oo d . Board of Investment: J. D . S t e w a r t , W . A. W o o d , W . D . M o s h ie r , A. N . E y e s , W . S. M o r se , J. L . C l a f l in . Auditing Committee: W. D . M o s h ie r , G. S. T h o m p so n , A. W. G e r r y . Deposits draw interest from first Saturday of February, May, August and November; dividends are payable the first Saturday of May and November. Business hours: 9 a . m . to 2 p .m .; Wednesdays and Saturdays, 9 a .m . to 12 m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . Stocks of banks and trust companies . . . . . . . 97 loans on real estate (.average of each, $1,958.45) . . . . . Bank building and fixtures (estimated value, $6,000if assessed value, $6,000) Deposits in national banks or trust companies . . . . . Cash . . . . . . . . . . . . . T otal A . . . . . . . . . . . . . . . . . . $45,267 50 174,968 75 39,400 00 6,440 00 14,537 50 189,485 32 2,500 00 26,478 82 289 25 s s e t s ...............................................$499,367 14 L ia b ilit ie s . $448,361 09 Due depositors on 1,184 accounts, averaging $378.68 each (Accounts opened during year, 104; closed, 88; increase, 16) Surplus: — a. Guaranty fund (,4-95% of deposits; increase during year, $29.44) b. Profit and loss {increase during year, $1,066.61) Current income: — a. Interest . . . . . . . $11,413 16 b. Rent . . . . . . . 156 61 22,192 12 18,780 90 $11,569 77 Less current expenses not charged off . Less State or local taxes not charged off . . . $1,043 72 493 02 1,536 74 10,033 03 T o t a l L i a b i l i t i e s ...............................................$499,367 14 I https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 165 BAN K COMMISSIONER, No. 8. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. $1,692.21 $264.00 Amount paid for $919.62 .53 3.39 Cost per $1,000 of assets 1.84 . Cost per $1,000 of assets not including State tax and rent . . . $369.13 .74 . . Total. $3,244.96 6.50 4.13 Gross income received dining the year, $22,594.44. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 7 % ). Real estate loans (average rate, 5.22 per cent.): 5%, $134,714.32; 5J^%, $26,750; 6%, $28,021. Bonds, stocks, etc. (average rate on amounts invested, 4.47 per cent.): 3J^%, $55,000; 4%, $112,800; 4M%, $30,000; 5%, $66,000; 6%, $5,000; 8%, $7,600; 14%, $1,000; 16%, $2,500. Number of loans not over $3,000 each, 76, amounting to $85,135.32. 5 real estate loans made during year, amounting to $8,000. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $8,615 21 8,465 96 52,141 25 Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Number of deposits during year, 763, amounting to $69,222 42 64,021 93 Number of withdrawals during year, 776, amounting to $5,200 49 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $15,000 Massachusetts 3}^s 10.000 Boston 4s 10.000 Chicago, 111., 4s 5.000 Woonsocket, R. I., 4Ks 5.000 Acton 4s P u b lic F u n d s , N o te s . $800 Hopkinton 4s R a ilr o a d B o n d s . $5,000 Baltimore & Ohio 4p£s 5.000 Baltimore & Ohio 5s 10.000 Boston & Albany 5s 10.000 Boston & Lowell 4s 5.000 Boston & Maine 4s 5.000 Boston & Maine 4^£s OF S E C U R IT IE S D a te s of E x a m in a t io n a nd A u d it , January 13, 14. I https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OW NED. Par Value. $5,000 C., B. & Q. 3J^s 5.000 Chic., Mil. & St. Paul 4)^s 5.000 Chic., Mil. & St. Paul 5s 10.000 C oD cord & Montreal 4s 5.000 Fitchburg 4s 5.000 Fitchburg 5s 15.000 Illinois Central 314s 5.000 Lake Shore & Mich. So. 3J^s 5.000 Louisville & Nashville 6s 10.000 Maine Central 4J/>s 5.000 Michigan Central 3Ms 5.000 Minn., St. P. & Sit. St. M. 5s 5.000 N. Y. C. & H. R. 3V2b 5.000 N. Y., N. H. & H. 3Ha 10.000 N. Y., N. H. & H. 4s 5.000 Northern Maine Seaport 5s 10.000 Pitts., Va. & Charles’n 4s 15.000 Portland & R. Falls 4s 6.000 St. J. & L. C. 5s S tr e e t R a ilw a y B o n d s . Par Value. $5,000 Boston Elevated 4s 10.000 Boston & Northern 4s 15.000 West End 5s 10.000 Worcester Con. 5s B a n k S to c k s. Shs. 10 Greylock Nl. Bk., Adams 25 First Nl. Bk., Boston 16 Fourth-Atlantic Nl. Bk., Boston 50 Commonwealth Tr. Co., Boston 10 Webster & Atlas Nl. Bk., Boston 166 [Pub. Doc. REPO RT OF TH E HUDSON SAVINGS BANK, HUDSON. 42 M A I N Incorporated February 26, 1869. STREET. Number of corporators, 42; number of trustees, 20. G e o r g e B. C o c h r a n , President. W a r r e n T. S a f f o r d , Treasurer. F r e d O. W e l s h , Clerk of the Corporation. Board of Trustees: H . P . A n d r e w s , F . E. B r o w n , F . H . C h a m b e r l a in , G . B . C o c h r a n , D a v id G ood a l e , N . M. H u n t e r , G . P . K e it h , E. P . L a r k in , W . H . M o u l t o n , L . F . P r ie s t , J. H. R o b in so n , F . S. R o w e l l , W . T . S a f f o r d , 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 ip p , T . F . T r o w , F . O. W e l s h , W . L . W h e e l e r . Board of Investment: G. B. C o c h r a n , J. H. R o b in so n , G. A. T r ip p , C. J. S a w y e r , E. P. L a r k in . Auditing Committee: J. H. R o b in s o n , T. F. T r o w , C. H. St o n e . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the Thursday after the third Wednesday of January and July. Business hours: 9 a . m . to 3 p . m .; also Saturdays, for deposits only, 6 to 8 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 509 loans on real estate {average of each, $1,719.98) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $875,470 00 . . . 350 00 --------------------23 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $48,000; assessed value, $37,600) . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . $394,300 00 658,375 00 176,325 00 42,925 00 3,500 00 100 00 875,120 00 181,800 00 47,648 34 5 72 44,767 16 6,398 13 $ 2,431,264 35 L ia b i l i t i e s . Due depositors on 6,412 accounts, averaging $355.46 each . . . . . {Accounts opened during the year, 1,172; closed, 738; increase, 484) Surplus: — a. Guaranty fund {4.55% of deposits; increase during year, $6,800) . . . b. Profit and loss {decrease during year, $2,412.15) . . . . . . Current income: — Interest . . . . . . . . . . $13,191 07 Less current expenses not charged off . . . . 1,180 71 --------------------T o t a l L ia b ilitie s . . . . . $2,279,219 28 103,800 00 36,234 71 12,010 36 $ 2,431,264 35 T o ta l E xpenses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $4,575.91 $3,847.50 $650.00 $130.02 $1,596.39 $10,799.82 Cost per $1,000 of assets 1.88 1.58 .27 .05 .66 4.44 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.29 Gross income received during the year, $107,225.21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 167 BANK COMMISSIONER. No. 8. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 6 % ). Real estate loans (average rate, 5.28 per cent.): 5%, $403,890; 5J^%, $460,205; 6%, $10,275; 7}4%, $750. Personal loans (average rate, 4.48 per cent.): 4%, $35,000; 4)4%, $60,000; 4)4%, $45,000; 4M%, $10,000; 5%, $13,500; 5)4%, $17,400; 6%, $900. Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.): 3%, $5,000; 3)4%, $119,400; 3.65% $10,000; 3%%, $3,600; 33 A % , $1,400; 3.80%, $8,000; 3.90%, $12,500 ; 4%, $576,000; 4M%, $19,500; 4)4%, $237,800; 5%, $228,000; 6%, $49,000; 7%, $25,000; 8%, $3,500. Number of loans not over $3,000 each, 469, amounting to $561,010. 58 real estate loans made during year, amounting to $88,500. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 8,997, amounting to . . . . . ....................................... . . . . . Number of withdrawals during year, 4,520, amounting to . Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $10,000 California, State of, 4s 10.000 Massachusetts 3J4s 5.000 Massachusetts 4s 20.000 Akron, 0., 5s 5.000 Bay City, Mich., 5s 5.000 Beverly 4s 5.000 Boston 4s 15.000 Boston 4)4s 10.000 Brockton 4s 20.000 Chelsea 4s 5.000 Fall River 4)4s 5 000 Hamilton, 0., 5s 10.000 Los Angeles, Cal., 4)4s 36.000 Lynn 4s 10.000 Milwaukee, Wis., 4)4s 17.000 New Bedford 4s 15.000 Portland, 0., 4J4s 5.000 Rockville, Ct., 4s 15.000 San Francisco, Cal., 5s 5.000 Spokane, Wash., 4)4s 7.000 St. Paul, Minn., 4)4s 10.000 Syracuse, N. Y., 4J4s 5.000 Troy, N. Y., 4s 3.500 Troy, N. Y., 4)4s 6.000 Worcester 4s 4.000 Attleboro 4s 6,100 Hudson 4s 7.500 Hudson 4J4s 5.000 No. Kingstown, R. I., 4s 14.000 Saugus 4s 2.000 Tiverton, R. I., 4s 10.000 Wallingford, Ct., 3.65% 10.000 Wellesley 4s 5.000 Br. & Top., Me. (W. D.), 4s P u b lic F u n d s , N o te s . $11,200 Bolton 4s 11,400 Hudson 3)^s 3,600 Hudson 3J^s OF . . S E C U R IT IE S Par Value. $1,400 Hudson 3^s 8,000 Hudson 3.80% 12.500 Hudson 3.90% 17,700 Hudson 4s 4.500 Hudson 4)4s 1,800 Hudson 4J^s R a ilr o a d B o n d s . . . . . . $621,158 69 413,570 15 . . . $207,588 54 OW NED. Par Value. $20,000 N. Y. C. & H. R. 4s 10.000 N. Y., N. H. & H. 3V2a 30.000 N. Y., N. H. & H. 4s 15.000 No. Maine Seaport 5s 10.000 Ohio River 5s 20.000 Pennsylvania 4)/>s 10.000 Portland & Ogdensburg 4Ks 3.000 Portland & R. Falls 4s 5.000 Portland Terminal Co. 4s 2.000 Rome, Watertown & Ogds. 5s 10.000 Southern Pacific 4s 10.000 St. P., Minn. & Man. 4s 5.000 St. Paul & Sioux City 6s 20.000 Troy & Boston 7s 10.000 Washington Co. 3)^s 5.000 Winona & St. Peter 7s $20,000 Atch., Top. & Santa Fé 4s 10.000 Baltimore & Ohio 4s 20.000 Baltimore & Ohio 4J^s 15.000 Bangor & Aroostook 5s 20.000 Boston & Albany 3p£s 26.000 Boston & Maine 4s 5.000 B. & N. Y. Air Line 4s 5.000 Burl. & Mo. River 6s 15.000 0., B. & Q. 3^s 10.000 C., B. & Q. 4s 4.000 C., B. & Q. 5s S tr e e t R a ilw a y B o n d s . 30.000 Chic., Mil. & St. Paul 4)^s 5.000 Chic., Mil. & St. Paul 5s $20,000 Boston Elevated 4s 10.000 Chic. & Northwestern 4s 20.000 Boston Elevated 5s 5.000 Chic. & Northwestern 5s 15.000 Boston & Northern 4s 39.000 Chic. & Northwestern 6s 7.000 Gloue., Essex & Beverly 5s 5.000 Chic., R. I. & Pac. 4s 10.000 Holyoke 5s 10.000 Cleveland Short Line 4)^s 15.000 Leominster, Shirley & A. 5s 10.000 Delaware & Hudson 4s 25.000 Lynn & Boston 5s 25.000 Fitchburg 4s 10.000 Old Colony 4s 5.000 Illinois Central 3s 5.000 West End 4s 23.000 Illinois Central 3)^s 23.000 West End 4His 40.000 Illinois Central 4s 5.000 West End 5s 20.000 Lake Shore & Michigan So. 4s 25.000 Wore. Consolidated 4)%s 30.000 Louisville & Nashville 5s 20.000 Maine Central 4Hs 5.000 Me. Cent. & E. & N. A. 4s 20.000 Michigan Central 3%s B a n k S to ck s. 15.000 Michigan Central 5s Shs. 5.000 Mil. & Northern 4)^s 15.000 Minn., St. P. & Sit. St. M. 4s 35 Hudson Nl. Bk. D a t e s o f E x a m in a t io n , A p ril 3, 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $39,657 17 41,642 55 539,858 97 168 REPO RT OF THE [Pub. Doc. HYDE PARK SAVINGS BANK, BOSTON. 1196 R I V E R STREET Incorporated March 8, 1871. (H Y D E P A R K D IS T R IC T ). Number of corporators, 27; number of trustees, 15. F r e d e r ic k L . J o h n s o n , Clerk of the Corporation. A.. H. B u r t , F. C. G r a h a m , F. L. Board of Trustees: H. F. A r n o l d , R o b e r t B l e a k ie , H. S. B u n t o n , A W . L e w is , R . P. M o s e l e y , H. B. T e r r y , J. A . T il d e n , E. V a n J o h n so n , F. G . K a t z m a n n , E. W. D. T ir r e l l , F. N. T i r r e l l , H. E. B . W a l d r o n , R in a l d o W il l ia m s . / Board of Investment: R o b e r t B l e a k ie , H. S. B u n t o n , F. N. T i r r e l l , F. C. G r a h a m , H. E. B. W a ld ro n . Auditing Committee: F. L. J o h n s o n , H. S. B u n t o n , R. P. M o s e l 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 3 p . m .; Saturdays, 9 a .m . to 12 m .; also Fridays, for deposits only, 5 to 7 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . $245,911 80 Railroad bonds and notes . . . . . . . . . . . 655,724 25 Street railway bonds . . . . . . . . . . . . 178,033 50 American Tel. & Tel. Co. bonds. . . . . . . . . . 39,852 50 Stocks of banks and trust companies . . . . . . . . . 5,100 00 447 loans on real estate (average of each, $£,361.79) . . . . $1,056,023 00 Less amount due on uncompleted loans . . . . . . 300 00 ---------------------------------------1,055,72300 4 loans on personal security..................................... 6,790 00 Bank building and fixtures (estimated value, $20,000; assessed value, $28,800) . . 12,292 69 Real estate by foreclosure, etc. (assessed value, $31,700) . . . . . . 22,990 .94 Taxes, insurance, etc., paid on mortgaged properties . . . . . . 18 77 Deposits in national banks or trust companies . . . . . . . 103,662 78 Cash and cash items . . . . . . . . . . . . 4,690 03 T o t a l A s s e ts . . . . . $ 2,3 30 ,7 9 0 26 L ia b ilitie s . Due depositors on 7,098 accounts, averaging $295.93 each . . . . . (Accounts opened during the year, 1,083; closed, 735; increase, 34-8) Surplus: — a. Guaranty fund (4.87% of deposits; increase during year, $7,249.38) . . b. Profit and loss (increase during year, $1,274-44) . . . . . . Current income: — Interest . . . . . . . . . . $34,148 39 Less current expenses not charged off . . . . 2,109 52 ------------ -------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $2,100,537 59 102,287 23 95,926 57 32,038 87 $2,330,790 26 No. 8. BANK COMMISSIONER. 169 T o t a l E xp en ses fo r th e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,083.81 $4,733.33 $1,000.00 $37.65 $1,084.36 $9,939.15 Cost per $1,000 of assets 1.32 2.03 .43 .02 .46 4.26 Cost per $1,000 of assets not including State tax and rent . 2.51 Gross income received during the year, $102,840.32. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 5 % ). Real estate loans (average rate, 5.09 per cent.): 5%, $951,348; 514%,, $27,545; 6%, $76,830. Personal loans (average rate, 5.06 per cent.): 5%, $6,390; 6%, $400. Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.): 3M%t $81,000; 4%, $656,700; 4M%. $202,150 ; 5%, $193,000; 6%, $13,000; 7%, $10,000; 10%, $600; 12%, $600; 16%, $2,500. Number of loans not over $3,000 each, 364, amounting to $630,263. 33 real estate loans made during year, amounting to $81,500. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 11,196, amounting to $36,073 19 37.6S0 64 522,333 94 $596,087 77 410,345 56 Number of withdrawals during year, 5,779, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, R o n d s. Par Value. $30,000 Massachusetts 4s 6.000 Boston 3Ms 6.000 Boston 4s 15.000 Fall River 4s 10.000 Malden 4s 10.000 Minneapolis, Minn., 4s 15.000 New Bedford 4s 10.000 Worcester 4s 5,300 Hull 4s 103,000 Hyde Park 4s 15.000 Kennebec, Me. (W. D.), 3Ms 20.000 Kittery, Me. (W. D.), 5s Public Funds, N o te s . $2,150 Hyde Park 4Ms Railroad Bonds. $10,000 Baltimore & Ohio 3pas 15.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4Ms 5,000 Boston & Albany 4s OF S E C U R IT IE S OW NED. Par Value. $20,000 Boston & Albany 5s $35,000 n ’. Y. C. & H. R. 4s 3.000 Boston & Lowell 4s 70.000 N. Y., N. H. & H. 4s 30.000 Boston & Lowell 5s 25.000 No. Maine Seaport 5s 50.000 Boston & Maine 4Ms1 25.000 Portland & Ogdensburg 4Ms 10.000 C., B. & Q. 3Ms 10.000 Upper Coos 4s 20.000 C., B. & Q. 4s 10.000 Vermont Valley 4Ms 28.000 Chic., Mil. & St. Paul 4s 5.000 Wore., Nash. & R. 4s 31.000 Chic., Mil. & St. Paul 4Ms S t r e e t Railway B o n d s . 30.000 Chic. & Northwestern 4s 10.000 Chicago, R. I. & Pacific 6s $30,000 Boston Elevated 4Ms 25.000 Concord & Montreal 4s 20.000 Boston Elevated 5s 10.000 Connecticut River 3Ms 30.000 Boston & Northern 4s 3.000 Danbury & Norwalk 6s 9.000 Lynn & Boston 5s 10.000 Delaware & Hudson Co. 7s 15.000 Old Colony 4s 20.000 Fitchburg 3Ms 34.000 West End 4s 2.000 Fitchburg 4s 45.000 West End 5s 14.000 Fitchburg 4Mb 15.000 Fitchburg 5s B a n k S to c k s. Shs. 10.000 Illinois Central 3Ms 25 First Nl. Bk., Boston 20.000 Illinois Central 4s 10.000 Lake Shore & Mich. South. 4s 6 Merchants Nl. Bk., Boston 6 Second Nl. Bk., Boston 15.000 Maine Central 4Ms 50.000 Minn., St. P. & Sit. St. M.4s 14 First Nl. Bk., Newburyport D a t e s o p E x a m in a t io n , May IS, 19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $185,742 21 170 REPO RT OF THE [Pub. Doc. INSTITUTION FOR SAVINGS IN NEWBURYPORT AND ITS VICINITY, NEWBURYPORT. 93 S T A T E Incorporated January 31, 1820. STREET. Number of corporators, 76; number of trustees, 21. H e n r y B . L i t t l e , President. W il l ia m B a l c h , Treasurer. G eoh g e F. A v e e y , Clerk of the Corporation: Board of Trustees: W il l ia m B a l c h , R. E. B u r k e , L . D. C o l e , L. B. C u s h in g , J. H. I r e l a n d , N . N . J o n e s , L . N . K e n t , E. F. L i t t l e , E. H. L i t t l e , H. B . L it 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 il l , B . P. P. 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 il b r ic k , G. W . P i p e r , T. C . S im p so n , J. F. S p a u l d in g , J. H. W h e e l e r . Board of Investment: H . B. L i t t l e , L . B. C u s h in g , F. F. M o r r il l , G . W. P i p e r , T. C . S im p s o n . Auditing Committee: J. H. W h e e l e r , R. E. B u r k e , E. F. L i t t l e . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the fourth Wednesday of April and October. Business hours: 8.30 a .m . to 2 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . 555 loans on real estate (average of each, $2,190.82) . . . . . . 72 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, 835,000; assessed value, $35,000) Real estate by foreclosure, etc. (assessed value, $99,4-00) . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T otal A . . . . . . . . . . . . . $2,633,118 2,544,160 11,995 148,500 217,320 8,203 1,215,905 1,576,886 20,000 65,575 25,761 3,227 00 75 00 00 00 12 44 00 00 31 44 86 s s e t s .............................................. $8,470,652 92 L ia b ilitie s . Due depositors on 13,278 accounts, averaging $583.18 each . . . . (Accounts opened during year, 1,095; closed, 965; increase, 130) Surplus: — a. Guaranty fund (4 .94% of deposits; increase during year, $8,000) . b. Profit and loss (increase during year, $34,845.78) . . . . . Current income: — Interest . . . . . . . . . . . . T o t a l L ia b ilitie s . . . . . . . . $7,743,507 39 . 383,000 00 340,017 47 4,128 06 . $ 8,470,652 92 T o t a l E xpenses f o r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Amount paid for $22,676.83 $11,539.96 Cost per $1,000 of assets _ 2.67 1.36 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $388,513.62. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. Total. $1,350.21 $35,567.00 .15 4.18 1.51 171 BANK COMMISSIONER. No. 8. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .5 7 % ). Real estate loans (average rate, 4.75 per cent.): 4%, $105,500; 4J^%, $125,000; 4}4%, $201,800; 4% % , $37,000; 5%, $725,605.44; 53^%, $21,000. Personal loans (average rate, 4.14 per cent.): 4%, $250,000; 4~%%, $18,000; 4M%> $813,040; 4%%, $25,000; 4V2%, $346,600; 5%, $46,496; 6%, $15,000; 7%, $2,000. Bonds, stocks, etc. (average rate on amounts invested, 4.66 per cent.): 3%o%, $10,000; 3J^%, $30,050; 3 ^ % , $27,750; 4%, $2,917,065; 4M%, $38,800; 4V2%, $1,220,000; 4% %, $20,000; 5%, $606,600; 5M%, $40,000; 5V2%, $85,000; 6%, $408,700 ; 7%, $26,320; 8%, $80,800; 10%, $20,000; 12%, $52,000; 16%, $25,000. Number of loans not over $3,000 each, 514, amounting to $523,865.44. 26 real estate loans made during year, amounting to $39,400. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 8,160, amounting to . . $147,370 56 149,432 25 773,016 19 . $1,069,819 00 871,332 90 Number of withdrawals during year, 9,053, amounting to Net increase in amount due depositors SCH EDULE Public Funds, Bonds. Par Value. $351,500 Massachusetts 4s 5.000 Essex County 4s 40.000 Akron, 0., 5)^8 3.000 Attleboro 4s 415.000 Boston 4s 37.000 Brockton 4s 21.500 Brockton 4)^s 250 Cambridge 3Y28 3,300 Cambridge 4s 37,600 Canton, 0., 5s 100.000 Chelsea 4s 13.000 Chicago, 111., 4s 8.000 Dayton, 0., 5s 10.000 Dubuque, 0., 4s 15.000 Duluth, Minn., 5s 12.000 E. Portland, Ore., 6s 2.000 Everett 4s ' 71,000 Fall River 4s 4.000 Fall River 4Ms 12.000 Fall River 43|s 10.000 Gloucester 4s 19.000 Hamilton, 0., 5s 50.000 Holyoke 4s 93.000 Lawrence 4s 100.000 Los Angeles, Cal., 4J^s 7,250 Lowell 4s 34.000 Lynn 4s 2.000 Minneapolis, Minn., 4s 20.000 Minneapolis, Minn., 4%s 50.000 Newark, N. J., 4J^s 48.000 New Bedford 4s 2.000 New Bedford 4)^8 27,750 Newburyport 3%s 38.000 Newburyport 4s 85.000 Oakland, Cal., 5J^s 2.000 Pittsfield 4s 10.000 Portland, Ore., 5s 47.500 Portland, Ore., 6s 98.000 Revere 4s 6.000 Salem 4s 20.000 San Francisco, Cal., 5s 50.000 Seattle, Wash., 4p^s 57.000 Seattle, Wash., 5s 15.000 Sioux City, Iowa, 4J^s 71.000 Somerville 4s 51.000 Spokane, Wash., 4M>s 6.000 Stamford, Conn., 4)^s 6.000 Taunton 4)^s 50.000 Toledo, 0., 4J^s 13.000 Troy, N. Y., 4J^s . OF . . . S E C U R IT IE S . OW NED. Par Value. $9,000 Worcester 4s 12.000 Youngstown, 0., 5s 2.000 Abington 4s 18.000 Amherst 4s 2.000 Andover 4s 3.000 Braintree 4s 45.000 Eden, Me., 4s 16.000 Lexington 4s 22.000 North Attleborough 4s 21.000 Norwood 4s 34,800 Norwood 4b£s 9.000 Plymouth 4s 9.000 Sharon 4p£s 3.000 Watertown 4s 20.000 Warwick, R. I., 4b£s 31,500 Wilmington 4)^s 1.000 Winchester 4s 15.000 Gardiner, Me. (W. D.), 4s 15.000 Unionville (F. and W. D.) 4s P u b lic F u n d s , N o te s . $5,000 Arlington 4s 3.500 Amesbury 4s 2.000 Carver 4s 3,420 Essex 4s 5.000 Hull 4s 3.000 Maynard 4J^s 5.000 Medway 3Ys 4,800 Merrimac 3YB 10.000 South Hadley 3?ioS 20.000 Stoneham 3Ys 1.500 Stoughton 4s 4.000 Sunderland 4s 23.000 Westport 4s 4,995 Winthrop 4s R a ilr o a d B o n d s . $30,000 Baltimore & Ohio 4s 95.000 Baltimore & Ohio 43dis 60.000 Baltimore & Ohio 5s 30.000 Boston & Albany 4s 34.000 Boston & Albany 5s 345,000 Boston & Maine 4p^s 24,600 Burl. & Missouri River 6s 60.000 C„ B. & Q. 4s 30.000 Chic., Mil. & St. Paul 4s 50.000 Chic., Mil. & St. Paul 4}4s 15.000 Chic., Mil. & St. Paul 5s D a t e s o f E x a m in a t io n a n d A u d it , May 31-June 2 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $198,486 10 . Par Value. $125,000 Chic. & Northwestern 4s 64.000 Chic. & Northwestern 5s 186.000 Chic. & Northwestern 6s 51.000 Concord & Montreal 4s 15.000 Dexter & Piscataquis 4s 130.000 Fitchburg 4s 25.000 Fitchburg 4)^s 50.000 Fitchburg 5s 20.000 Fre., Elk. & Mo. Val. 6s 12.000 Housatonic 5s 60.000 Illinois Central 4s 100.000 Louisville & Nashville 5s 61.000 Louisville & Nashville 6s 150.000 Maine Central 4)^s 40.000 Me. Cent. & E. & N. A. 4s 50.000 Mich. Central 4s 17.000 Minn., St. P. & Sit. St. M. 5s 25.000 Mobile & Ohio 6s 100.000 N. Y. C. & H. R. 4s 25.000 N. Y., Lack. & Western 6s 225.000 N. Y., N. H. & H. 4s 15.000 Norwich & Worcester 4s 10.000 Old Colony 4s 80.000 Pennsylvania 4J^s 45.000 Penobscot Shore Line 4s 25.000 Portland & Ogdensburg 4Ys 10.000 Ports., Gt. Falls & Con. 4Jdis 41.000 Rome, Water. & Ogdens. 5s 5,000 Somerset 5s 25.000 Upper Coos 4s 20.000 Wore., Nashua & Roch. 4s S tr e e t R a ilw a y B o n d s . $12,000 West End 4s B a n k S to c k s. 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 18 Warren Nl. Bk., Peabody 172 REPO RT OF THE [Pub. Doc. INSTITUTION FOR SAVINGS IN ROXBURY AND ITS VICINITY, BOSTON. 2343 W A S H I N G T O N STREET. t Incorporated February 22, 1825. Number of corporators, 38; number of trustees, 18. C h a u le s G . S m it h , President. A r t h u r B. J o s l in , Clerk of the Corporation. H e n r y W e s t , Treasurer. L. C. N ic k e r s o n , Assistant Treasurer. Board of Trustees: H or a ce 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 is , N e lso n C u r t is , W . A. G a s t o n , J o sep h M o r r il l , H ugh 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 it 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 il l ia m s . Board of Investment: C. G. S m it h , J. D. W il l ia m s , E. U. C u r t is , J o sep h M o r r il l . Auditing Committee: N e ls o n C u r t is , A. M. B u l l a r d , E. B . W il d e r , W . D. C o t t o n . Deposits draw interest from third Wednesday of January, April, July and October; dividends are pay able the Thursday following the third Wednesday of April and October. Business hours: 9 a .m . to 3 p . m .; Saturdays, 9 a . m . to 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 897 loans on real estate (average of each, $4,188.95) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,709,855 00 1,700 00 41 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 . . . . . . . . . . . T ota l A . $991,500 6,945,648 736,110 150,000 270,568 27,100 00 25 00 00 75 00 3,708,155 1,439,300 150,000 344,935 21,955 00 00 00 68 87 s s e t s ...............................................$ 14,785,273 55 L i a b ilit ie s . Due depositors on 30,601 accounts, averaging $456.57 each . . . . (Accounts opened during year, 3,980; closed, 3,379; increase, 601) Surplus: — а. Guaranty fund (.4-97% of deposits; increase during year, $34,000) . б . Profit and loss ( decrease during year, $43,871.24) . . . . . Current income; — I n t e r e s t ............................................................................. ......... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . . . . $13,971,640 53 . . 694,000 00 112,317 26 7,315 76 . $14,785,273 55 No. 8. 173 BANK COMMISSIONER. T o t a l E xpenses fo r th e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $43,327.03 $22,987.50 $4,500.00 $5,247.67 $76,062.20 Cost per $1,000 of assets 2.93 1.55 .30 .35 5.13 Cost per $1,000 of assets not including State tax and rent . . . . . . 1.90 Gross income received during the year, $611,661.07. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .3 5 % ). Real estate loans (average rate, 4.83 per cent.): 3%%, $11,000; 4%, $217,300; 4J^%. $86,500; 4J^%, $684,250; 4H%, $72,900; 5%, $2,614,055; 5 ^ % , $19,050; 6%, $3,100. Personal loans (average rate, 4.36 per cent.): 4%, $2,000; 4}4%, $1,023,900; 4%%, $20,000; 4J£%, $352,900; 6%, $40,500. Bonds, stocks, etc. (averagj rate on amounts invested, 4.15 per cent.): 3%, $100,000; 3J^%, $2,147,000; 4%, $4,106,500; 4M%. $50,000 ; 4J^%, $2,330,000; 5%, $537,000; 8%, $4,300; 10%, $17,300; 12%, $5,500. Number of loans not over $3,000 each, 512, amounting to $982,810. 101 real estate loans made during year, amounting to $400,500. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 38,440, amounting to $256,169 17 263,528 01 2,470,205 52 $2,989,902 70 2,306,502 70 Number of withdrawals during year, 32,232, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, Bonds. Par Value. $60,000 Massachusetts 4s 100.000 Boston 3)^8 506.000 Boston 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 15.000 Worcester 4s 45.000 Arlington 4s 29.000 Billerica 4s 16.000 Reading 4s 45.000 Winchester 4s Railroad Bonds. $50,000 Baltimore & Ohio 4J^s 175.000 Boston & Albany 3Ms 309.000 Boston & Albany 4s 75.000 Boston & Albany 5s 25.000 Boston & Lowell 4s 100.000 Boston & Lowell 4J^s 100.000 Boston & Lowell 5s 372.000 Boston & Maine 3Ks 340.000 Boston & Maine 4s 210.000 Boston & Maine 4)^s 25,000 Boston & Prov. 4s $683,400 00 O P S E C U R IT IE S Par Value. $420,000 C., B. & Q. 3J-& 356.000 C., B. & Q. 4s 50.000 Chic., Mil. & St. Paul 4s 580.000 Chic., Mil. & St. Paul 4J^s 225.000 Chic., Mil. & St. Paul 5s 50.000 Chic. & Northwest. 3)^s 150.000 Chic. & Northwest. 4s 85.000 Concord & Montreal 4s 25.000 Conn. & Pass. Rivers 4s 25.000 Danbury & Norwalk 5s 100.000 Delaware & Hudson 4s 50.000 Fitchburg 3J^s 200.000 Fitchburg 4s 100.000 Fitchburg 100.000 Fitchburg 5s, notes 50.000 Gt. Northern 4Ks 100.000 Illinois Central 3s 370.000 Illinois Central 3Hs 25.000 Louisville & Nashville 4s 12.000 Louisville & Nashville 5s 350.000 Maine Central 4)^s 50.000 Manchester & Law. 4s 20.000 Michigan Central 3Ha 25.000 Mich. Cen.-Jol. & No.'Lnd. 4s 100.000 N. Y. C. & H. R. 3^s 50.000 N. Y. C. & H. R. 4s 175.000 N. Y. C. & H. R. 4)^s D a t e s o f E x a m in a t io n , May 26-31 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OW NED. Par Value. $330,000 N. Y., N. H. & H. 3)^s 320.000 N. Y., N. H. & H. 4s 75.000 Northern Pacific 4}^s 25.000 Norwich & Worcester 4s 135.000 Old Colony 4s 350.000 Pennsylvania 4J^s 50.000 Portland Terminal Co. 4s 70.000 Portland & Ogdens. 4J^s 25.000 Providence Terminal Co. 4s 25.000 Sullivan Co. 4s 10.000 Washington Co. 3Hs 50.000 Worcester, Nash. & R. 4s S t r e e t Railway Bonds. $80,000 Boston Elevated 4s 250.000 Boston Elevated 4J^s 67.000 Boston & Northern 4s 150.000 Springfield 4s 178.000 West End 4s 20.000 West End 4Hs B a n k S to ck s. Shs. 33 Fourth-Atlantic Nl. Bk., Boston 173 Nl. Rockland Bk., Boston 55 Second Nl. Bk., Boston 10 Webster & Atlas Nl. Bk., Boston REPO RT OF THE 174 [Pub. Doc. IPSWICH SAVINGS BANK, IPSWICH. SOUTH Incorporated March 20, 1869. M A IN STREET. Number of corporators, 25; number of trustees, 12. G e o r g e H. G r e e n , President. G e o r g e E. F a r l e y , Treasurer. J o h n 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 o r g e F a l l , G . EF 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 , D . S. P e r l e y , G e o r g e P r e s c o t t , H. M. S a y w a r d . Board of Investment: J. A. B l a k e , G. B. B r o w n , C. E. G o o d h u e , A. C. D a m o n . Auditing Committee: J. A . B l a k e , F . T. G o o d h u e , G e o r g e F a l l . 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 . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . 234 loans on real estate (average of each, $2,154.66) . . 7 loans on personal security . . . . . Furniture and fixtures . . . . . . . Real estate by foreclosure, etc. (assessed value, $18,575) . Taxes, insurance, etc., paid on mortgaged properties . Deposits in national banks or trust companies . . Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $125,950 353,404 30,134 19,208 14,501 1,600 504,190 10,067 2,400 19,696 192 26,632 7,444 . . . . . . . . . . . . . . . . . . . . . . T o t a l A s s e ts 00 75 00 13 00 00 94 00 00 70 68 26 24 $1,115,421 70 L i a b ilit ie s . Due depositors on 3,322 accounts, averaging $311.11 each . . Accounts opened during year, 486; closed, 287; increase, 149) Surplus: — a. Guaranty fund (4-91% of deposits; increase during year, $814-67) b. Profit and loss (increase during year, $916.78) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . $1,033,505 53 50,817 00 27,691 79 . $4,319 58 912 20 3,407 38 T o t a l L ia b ilitie s . . $1,115,421 70 No. 8.] BANK COMMISSIONER. 175 T o t a l E xp en ses fo r th e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,781.58 $2,404.67 $650.00 $55.35 $1,122.98 $6,014,58 Cost per $1,000 of assets 1.60 2.15 .58 .05 1.07 5.45 Cost per $1,000 of assets not including State tax and rent . . . . . . 3.27 Gross income received during the year, $44,279.40. B a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 8 % ). Real estate loans (average rate, 5.54 per cent.): 5%, $226,317; 5A % , $7,350; 6%, $270,523.94. Personal loans (average rate, 5.95 per cent.): 5%, $467; 6%, $9,600. Bonds, stocks, etc. (average rate on amounts invested, 4.05 per cent.): 2A%< $6,500; 3%, $21,000; 3 Yi%, $190,000; 4%, $250,750; 43^%, $71,000; 5%, $15,000; 6%, $3,400; 8%, $6,100. Number of loans not over $3,000 each, 189, amounting to $198,398.94. 20 real estate loans made during year, amounting to $27,115. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 3,295, amounting to $18,399 16 19,102 95 204,944 68 Number of withdrawals during year, 1,923, amounting to $242,446 79 171,199 26 $71,247 53 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $10,000 Barre, Vt., 3As 10.000 Boston 4s 20.000 Chelsea 3A& 10.000 Chelsea 4s 5.000 Dubuque, la., 3Ais 10.000 Los Angeles, Cal., 4J^s 10.000 New Bedford 4s 8.000 Salem 4s 15.000 Dedham 3A b 6.000 North Attleborough 4s 4.000 Peabody 3As 14.000 Br. & T., Me. (W. D.), 4s P u b lic F u n d s , N o te s . $4,750 Ipswich 4s R a ilr o a d B o n d s . $10,000 Atch., Top. & Santa Fé 4s 15.000 Baltimore & Ohio 3J^s D a t e s or E x a m in a t io n , April 12, 13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OP S E C U K IT IE S OW NED. Par Value. $5,000 Baltimore & Ohio 5s 10.000 Benning. & Rutland 4As 5.000 Boston & Albany 3Ab 10.000 Boston & Albany 4s 2.000 Boston & Lowell 4s 20.000 Boston & Maine 4As 5.000 Boyer Valley 3As 47.000 C., B. & Q. 3As 5.000 C., B. & Q. 4s 10.000 Chi., Mil. & St. Paul 4J^s 15.000 Concord & Montreal 4s 5.000 Dexter & Piscataquis 4s 6.000 Fitchburg 4s 21.000 Illinois Central 3s 30.000 Illinois Central 3As 15.000 Maine Central 4 As 6.000 Minn., Sit. St. M. & At. 4s 5.000 Minn., St. P. & Sit. St. M. 4s 5.000 Minnesota & Iowa 3A b 5.000 N. Y. C. &H. R. 4s 10.000 N. Y., N. H. & H. 3^s $33,000 N Y., N. H. & H. 4s 10.000 Northern Pacific 4s 30.000 Old Colony 4s 19.000 Peoría & Northwest. 3As 10.000 Portland Terminal Co. 4s S tr e e t R a ilw a y B o n d s . $10,000 Boston Elevated 4s 6.000 Boston Elevated 4As 10,000 Boston Elevated 5s 5.000 West End 4s B a n k S to c k s. Shs. 26 First NI. Bk., Ipswich 8 NI. Grand Bk., Marblehead 43 First NI. Bk., Salem 122 Merchants NI. Bk., Salem 50 Salem S. D. & T. Co. [Pub. Doc. REPO RT OF TH E 176 LAWRENCE SAVINGS BANK, LAWRENCE. 255 E S S E X Incorporated March 10, 1868. STREET. Number of corporators, 29; number of trustees, 15. N e w t o n P. F r y e , Clerk of the Corporation. Board N . P. F r y e , L. G. H o l t , J. S. H o w e , C. H H . K it c h in , J. A . M a c d o n a l d , rd of Trustees: L. A . F o y e , N. A. E. M a c k , A. A . D. M a r b l e , W. T. M cA l p in e , J. I. M il l i k e n , K. S. N o r w o o d , J. A . P e r k in s , W. E. P h il b r ic k , R. A. P r e s c o t t , D a n ie l S a u n d e r s . Board of Investment: D a n ie l S a u n d e r s , J. I. M i l l ik e n , A . E. M a c k , L. G . H o l t , W . T . M c A l p in e . Auditing Committee: R. A. P r e s c o t t , A. D . M a r b l 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,012 loans on real estate (average of each, $3,696.74) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . • • • $3,765,020 00 . . . 23,915 00 --------------------95 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $105,000; assessed value, $71,700) . . Real estate by foreclosure, etc. (assessed value, $10,850) . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ........................................................................................................................................ T o t a l A s s e ts . . . . . . . . . . . . $302,800 00 793,100 00 44,718 75 10,800 00 3,741,105 1,670,010 103,000 6,138 83,781 7,503 . 00 00 00 60 90 61 $6,7 62 ,9 5 7 86 L ia b ilitie s . Due depositors on 14,635 accounts, averaging $422.73 each . . . . . $6,186,650 77 (.Accounts opened during year, 4,081; closed, 2,348; increase, 1,733) Surplus: — а. Guaranty fund {4.65% of deposits; increase during year, $19,590) . . . 287,770 00 б. Profit and loss (increase during year, $15,264-04) • • ' • • • • 165,136 95 Current income: — a. Interest . . . . . . . $128,006 66 b. R e n t .......................................................... 302 20 --------------------$128,308 86 Less current expenses not charged off . . . . 5,851 83 --------------------122,457 03 Unearned discount . . . . . . . . . . . . 943 11 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . $6,762,957 86 No. 8. BAN K CO M M ISSIO N ER. 177 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Amount paid for $9,624.63 $9,898.67 $3,600.00 Cost per $1,000 of assets 1.42 1.46 . 53 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $500.00 $3,364.61 $26,987.91 . 07 .50 3.98 2.03 Gross income received during the year, $288,363.29. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 1 % ). Real estate loans (average rate, 4.96 per cent.): 4%, $44,000; 434%, $230,000; 5%, $3,416,865; 534%, $6,300; 534%, $29,600; 6%, $14,340. Personal loans (average rate, 4.34 per cent.): 4%, $100,000; 4)4%, $75,000; 434%, $1,005,000; 434%, $110,000; 434%, $290,000; 5%, $45,840; 534%, $1,500; 534%, $12,295; 6%, $30,375. Bonds, stocks, etc. (average rate on amounts invested, 4.44%): 3%, $70,000; 334%, $251,000; 4%, $283,000; 434%, $199,500; 5%, $268,000; 6%, $95,000; 8%, $8,300; 10%, $2,500. Number of loans not over $3,000 each, 631, amounting to $1,040,490. 151 real estate loans made during year, amounting to $558,820. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 33,499, amounting to . Number of withdrawals during year, 12,285, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, R o n d s. Par Value. $5,000 Massachusetts 334s 10.000 Attleboro 334s 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., 334s 15.000 Lawrence 4s 2.000 Los Angeles, Cal., 434s 25.000 Minneapolis, Minn., 4s 10.000 New Britain, Ct., 4s 5.000 New London, Ct., 4s 21.000 Oakland, Cal, 434s 60.000 Portland, Ore., 6s 13.000 Quincy 4s 14.000 San Francisco, Cal., 5s 17.000 Seattle, Wash., 5s 20.000 Terre Haute, Ind., 4s P u b lic F u n d s , N o te s . $10,000 Chelsea 334s 5.000 Methuen 4s 1,500 Methuen 434s . OF . . S E C U R IT IE S . . . . . . ....................................... . . . . . . . . . . $831,183 75 OW NED. R ailroad Bonds. Par Value. $50,000 Baltimore & Ohio 434s 50.000 Baltimore & Ohio 5s 30.000 Bangor & Aroostook 5s 15.000 Boston & Albany 3}4s 20.000 Boston & Maine 334s 10.000 Boston & Maine 4s 35.000 Boston & Maine 434s 40.000 C., B. & Q. 334s 35.000 C., B. & Q. 4s 25.000 Chic., Mil. & St. Paul 434s 25.000 Chic., Mil. & St. Paul 5s 26.000 Cleveland & Pitt3. 334s 10.000 Concord & Montreal 4s 15.000 Connecticut River 334s 10.000 Erie & Pitts. 3J4s 10.000 Fitchburg 334s 5.000 Fitchburg 4s 70.000 Illinois Central 3s 25.000 Lake Shore & Mich. So. 4s 25.000 Louisville & Nashville 5s 35.000 Maine Central 434s 7.000 Maine Central 5s 30.000 Mil., Lake Shore & West. 6s Par Value. $5,000 M. Cent. & E. & N. A. 4s 75.000 Minn., St. P. & Sit. St. M. 5s 25.000 N. Y., N. H. & H. 3)4s 25.000 Pennsylvania 434s 5.000 Pensacola & Atlantic 6s 25.000 Peoria & Northw. 334s 5.000 Ports., G. F. & C. 434s 20.000 Princeton & Northwest. 334s 25.000 Southern Pacific 4s Bank Stocks. Shs. 20 Fourth-Atlantic Nl. Bk., Boston 25 Merchants Nl. Bb., Boston 29 Nl. Shawmut Bk., Boston 22 Webster & Atlas Nl. Bk., Boston 12 Bay State Nl. Bk., Lawrence D a t e s o p E x a m in a t io n a n d A u d it , October 30-November 4 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,043,328 11 1,212,144 36 . . $101,529 77 107,965 16 1,833,833 18 [Pub. Doc. REPORT OF TH E 178 LEE SAVINGS BANK, LEE. M A IN Incorporated March 5, 1852. STREET. Number of corporators, 32; number of trustees, 11. J a m e s A. R ic e , 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. F. D e e l y , T h o m a s N o r t o n , J. A. R ic e , M. T . R o b b in 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 as 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A sse ts. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. b o n d s ............................................................................. Stocks of banks and trust companies . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . . 369 loans on real estate (average of each, $2,243.51) . . . . . . . 67 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 . . . . . . . . . . . . T ota l A . . $172,950 00 493,043 75 92,300 00 28,130 00 128,650 00 1,350 00 827,855 71 153,895 29 16,500 00 49,535 95 4,973 48 s s e t s ...............................................$ 1,969,184 18 L ia b ilitie s . Due depositors on 4,005 accounts, averaging $444.29 e a c h ....................................... $1,779,391 77 (Accounts opened during year, 517; closed, 402; increase, 115) Surplus: — o. Guaranty fund (4-92% of deposits; increase during year, $3,500) . . . 87,500 00 b. Profit and loss (increase during year, $4,772.83) . . . . . . 69,898 49 Current income: —• а. I n t e r e s t ....................................................................................... $32,351 00 б. Rent . . . . . . . . . . 42 92 --------------------32,393 92 T o t a l L ia b ilitie s . . . . . $ 1,969,184 18 T o t a l E xpen ses fo r th e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,344.08 $3,888.41 $800.00 $110.00 $1,224.55 $9,367.04 Cost per $1,000 of assets 1.70 1.97 .41 .06 .62 4.76 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.65 Gross income received during the year, $93,081.14. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8. BA N K COM M ISSIONER 179 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 1 % ). Real estate loans (average rate, 5.07 per cent.): 4M£%, $75,000; 5%, $639,775; 5Mi%i $30,550; 6%, $82,530.71. Personal loans (average rate, 5.19 per cent.): 5%, $113,885.29; 5Mj%, $1,500; 5Mi%. $19,950; 6%, $18,560. Bonds, stocks, etc. (average rate on amounts invested, 4.52 per cent.): 3J^%, $125,000; 4%, $468,500; 4)4%, $6,250; 4)4%, $76,200; 5%, $110,000; 6%, $25,200; 7%, $20,500; 8%, $28,800; 10%, $23,700; 12%, $1,500; 16%, $4,000; 20%, $3,300. Number of loans not over $3,000 each, 353, amounting to $365,419. 60 real estate loans made during year, amounting to $79,755.25. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Number of deposits during year, 3,740, amounting to $32,662 04 33,577 86 289,672 53 Number of withdrawals during year, 2,649, amounting to Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s . Par Value. $5,000 Massachusetts 3Mis 5.000 Boston 4s 10.000 Chicago, 111., 4s 5.000 Cleveland, 0., 5s 5.000 Lawrence 4s 10.000 Los Angeles, Cal., 4Mis 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 P u b lic F u n d s , N o te s . $74,000 Lee 4s 10.000 Lee 4J4s 1,700 Otis 4)4s 4.500 Tyringham 4Mis 6,250 Lee (F. D.), 4J4s 1.000 Lee (F. D.),4s R a ilr o a d B o n d s . $10,000 Bangor & Aroostook 5s 10.000 Baltimore & Ohio 3)4s 5.000 Baltimore & Ohio 5s 10.000 Beech Creek 4s 10.000 Boston & Albany 3Mis 10.000 Boston & Albany 4s 5.000 Boston & Albany 5s 10.000 Boston & Lowell 4Mis 10.000 Boston & Maine 4s 15.000 Boston & Maine 4Mis 20.000 C., B. & Q. 3J4s . OF . . S E C U R IT IE S . . S tr e e t R a ilw a y B o n d s . $20,000 Boston Elevated 4s 5.000 Boston Elevated 4Mis 5.000 Boston Elevated 5s 10,000 Boston & Northern 4s . . . . . ( . & $355,872 43 268,681 00 $87,191 43 OW NED. Par Value. $35,000 C., B. & Q. 4s 5.000 Chic., Mil. & St. Paul 4)4s 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 3J4s 10.000 Fitchburg 4s 5.000 Fitchburg 4J/£s 40.000 Illinois Central 3Mis 25.000 Illinois Central 4s 10.000 Louisville & Nashville 4s 5.000 Louisville & Nashville 6s 15.000 Mil., L. S. & W. 5s 10.000 N. Y. C. & H. R. Sy2s 5.000 N. Y. C. & H. R. 4s 4 10.000 N. Y„ Lack. & West. 6s 10.000 N. Y., N. H. & H. 3)^s 40.000 N. Y., N. II. & H. 4s 20.000 No. Maine Seaport 5s 5.000 No. Pacific 4 J/28 25.000 Old Colony Is 10.000 Providence Terminal Co. 4s 10.000 Sioux City & Pacific 3Mis 5.000 Southern Pacific 4s 15.000 Western Pennsylvania 4s D a t e s o p E x a m in a t io n , October 26, 27. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Par Value. $5,000 Holyoke 5s 15.000 Hoosac Valley 4s 10.000 Lynn & Boston 5s 5.000 Old Colony 4s 10.000 West End 4s 5.000 West End 5s 5.000 Worcester Consol. 4Mis B a n k S to c k s. Shs. 40 First Nl. Bk., Amherst 5 American Trust Co., Boston 15 Fourth-Atlantic Nl. Bk., Boston 40 First Nl. Bk., Boston 35 Merchants Nl. Bk., 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 18 City Nl. Bk., Holyoke 115 Lee Nl. Bk. 25 Leominster Nat. Bk. 34 No. Adams Nl. Bk. 33 Agricultural Nl. Bk., Pittsfield 90 Pittsfield Nl. Bk. 15 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 REPO RT OF TH E 180 [Pub. Doc, LEICESTER SAVINGS BANK, LEICESTER. M A IN Incorporated April 17, 1869. STREET. Number of corporators, 45; number of trustees, 13. A lo n zo B. D a v id s o n , President. H a r o l d C . M u r d o c k , Treasurer. A l e x a n d e r M c N e is h , Clerk of the Corporation. Board of Trustees: A. B. D a v id s o n , A. F. E s t a b r o o k , B. A. G ib s o n , C o r n e l iu s L e a f l a n g , A l e x a n d e r M c N e is h , C . T. M u n r o e , C . E. P e r r y , F. L . P o w e r s , W . E. S p r a g u e , E d w a r d W a r r e n , S. G . W a r r e n , W a lte r W a r r e n , W . C . W a tson . Board of Investment: A . B. D a v id s o n , W. C . W a t s o n , C. T . M u n r o e , W. E . S p r a g u e , A . F. E st a b r o o k , B. A . G ib s o n , S. G . W a r r e n . Auditing Committee: W. C. W a t s o n , C. E. P e r r y , W a l t e r W a r r e n . Deposits draw interest from first day of March, June, September and December; dividends are pay able June 1 and December 1. Business hours: 9 a . m . to 1 p .m .; 2 to 4 p .m .; Saturdays, 9 a .m . to 1 P.M. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . Public funds, bonds and notes . . . . . . . . . . $88,000 00 Railroad bonds and notes . . . . . . . . . . . 196,825 00 Street railway bonds . . . . . . . . . . . . 41,120 00 American Tel. & Tei. Co. b o n d s ....................................................................................... 16,955 00 Stocks of banks and trust companies . . . . . . . . 7,625 00 Securities acquired in settlement of indebtedness . . . . . . . 957 00 276 loans on real estate (average of each, $2,035.87) . . . . $566,962 00 Less amount due on uncompleted loans . . . . . . 5,200 00 --------------------------------------- 561,76200 3 loans on personal security . . . . . . . . . . . 21,405 00 Bank building and fixtures (estimated value, $9,000; assessed value, $5,500) . . 7,000 00 Real estate by foreclosure, etc. (assessed value, $4,800) . . . . . . 5,691 09 Deposits in national banks or trust companies . . . . . . . 15,951 87 C a s h ....................................................................................................................................... 3,454 76 T ota l A s s e t s ...............................................$ 966,746 72 L ia b ilitie s . Due depositors on 1,832 accounts, averaging $490.73 each . . . . . {Accounts opened during year, 167; closed, 118; increase, 64) Surplus: — , a. Guaranty fund {4.82% of deposits; increase during year, $2,576.21) . . . b. Profit and loss {increase during year, $871.70) . . . . . Current income: — a. Interest . . . . . . . $18,556 72 b. R e n t .......................................................... 100 62 --------------------$18,657 34 Less current expenses not charged oil . . . . 1,119 98 --------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $899,020 52 43,371 16 6,817 68 17,537 36 T o t a l L i a b i l i t i e s ...............................................$966,746 72 No. 8.] BAN K COM M ISSIO N ER. 181 T o t a l E xpen ses f o r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,477.30 $1,607.00 $400.00 $116.40 $762.00 $4,362.70 Cost per $1,000 of assets 1.53 1.66 .41 .12 .79 4.51 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.57 Gross income received during the year, $42,177.19. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 0 % ). Real estate loans (average rate, 5.13 per cent.): 5%, $479,459; 5}4%, $18,619; 6%, $63,684. Personal loans (average rate, 5 per cent.): 5%, $21,405. Bonds, stocks, etc. (average rate on amounts invested, 4 per cent.): 3%, $5,000; 3}4%, $126,000; 4%, $175,000; i'A % , $5,000; 5%, $36,000; 8%, $2,800; 10%, $2,500. Number of loans not over $3,000 each, 228, amounting to $282,180. 46 real estate loans made during year, amounting to $100,400. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2 % Number of deposits during year, 950, amounting to . . Number of withdrawals during year, 828, amounting to . Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $5,000 Brockton 4s 5.000 Fall River 4s 15.000 Middletown, Ct., 3)4b 24.000 New Bedford 4s 10.000 Saginaw, Mich., 4s 1.000 Clinton 4s 5.000 No. Attleborough 4s 10.000 Westborough 3}dis 10.000 Kennebec, Me. (W. D.), 3Jd>s 3.000 Leicester (W. D.) 4s R a ilr o a d B o n d s. $5,000 Baltimore & Ohio 4)^s 10.000 Bangor & Aroostook 5s . . . S E C U R IT IE S Par Value. $8,000 Boston & Albany 3A b 33.000 Boston & Maine 4s 5.000 Boston & Providence 4s 15.000 Boyer Valley 3}4s 20.000 C., B. & Q. 3^s 5.000 C., B. & Q. 4s 3.000 Erie & Pittsburgh 3As 5.000 Illinois Central 3s 30.000 Illinois Central ‘¿ As 15.000 N. Y„ N. H. & H. 3A b 14.000 N. Y., N. H. & H. 4s 20.000 No. Maine Seaport 5s 5.000 Old Colony 4s 5.000 Upper Coos 4s D a t e o p E x a m in a t io n , June 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF . . . . . . ....................................... . . . . $16,193 22 16,929 16 118,040 80 . $151,163 18 82,032 29 . . . . . . . . $69,130 89 OW NED. S tr e e t R a ilw a y B o n d s . 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 B a n k S to c k s. Shs. 10 Commonwealth Tr. Co., Boston 15 Webster & Atlas NI. Bk., Boston 3 Millbury NI. Bk. 25 Merchants NI. Bk., Worcester REPO RT OF TH E 182 [Pub. Doc. LENOX SAVINGS BANK, LENOX. W ALKER Incorporated April 4, 1890. STREET. Number of corporators, 29; number of trustees, 14. F r a n k L. G il m o r e , President. M u r r a y A. B r o w n , Clerk of the Corporation. C h a r l e s M. S e a r s , Treasurer. G e o r g e A. M o l e , Assistant Treasurer. Board of Trustees: F. J. B a r r e t t , H. A. B e l d e n , G . F. B o u r n e , M. A. B r o w n , W . L. B u l l , W . G . C l if f o r d , W. D . C u r t is , F. L. G il m o r e , W il l ia m M a h a n n a , E d w a r d M c D o n a l d , G . A. M o l e , L. C . P e t e r s , L. H. P e t e r s , M. R. S e d g w ic k . Board of Investment: F . L. G il m o r e , W . D. C u r t is , H. A. B e l d e n , G . F . B o u r n e . Auditing Committee: F. J. B a r r e t t , L. C. P e t e r s , G. F. B o u r n 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . 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 . 180 loans on real estate (average of each, $3,435.06) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $621,810 39 3,500 00 12 loans on personal security Deposits in national banks or trust companies Cash . . . . . . . . $27,424 190,949 59,711 12,703 63,620 930 00 00 00 00 00 00 618,310 30,880 12,148 1,100 39 00 58 27 T o t a l A s s e t s ............................................... $ 1,0 17 ,7 7 6 24 L ia b ilitie s . Due depositors on 2,168 accounts, averaging $450.18 each (Accounts opened during year, 295; closed, 222; increase, 78) Surplus: — a. Guaranty fund (2.76% of deposits; increase during year, $2,299.88) . b. Profit and loss (increase during year, $648.87) . . . . . . Current income: — Interest . . . . . . . . . . $7,748 01 Less current expenses not charged off . . . . 927 50 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $976,001 45 26,923 64 8,030 64 6,820 51 T o t a l L ia b ilitie s . . $1,0 17 ,7 7 6 24 No. 8.] BAN K COM M ISSIONER. 183 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Amount paid for $1,617.80 $1,610.80 $200.00 Cost per $1,000 of assets 1.69 1.68 .20 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $771.03 $4,293.03 $93.40 .09 .76 4.22 2.43 Gross income received during the year, $44,756.42. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 7 % ). Real estate loans (average rate, 5.11 percent.): 4Jfi%. $35,722.90; 5%, $466,107.49; 5)^%, $60,800; 6%, $55,680. Personal loans (average rate, 5.26 per cent.): 4)/^%, $10,900; 5%, $6,230; 6%, $13,750. Bonds, stocks, etc. (average rate on amounts invested, 4.12 per cent.): 3}^%, $82,000; 4%, $105,000; 4>i%, $25,000; 5%, $79,000; 6%, $6,000; 7%, $9,100; 8%, $12,900; 10%, $10,900; 20%, $2,000. Number of loans not over $3,000 each, 89, amounting to $121,375.39. 35 real estate loans made during year, amounting to $198,950. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 2,644, amounting to . . . . . . ....................................... . . . . Number of withdrawals during year, 1,416, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $16,000 Boston 4s 5.000 Kittery, Me. (W. D.), 5s 5.000 Van Buren, Me. (W. D.), 4s . OF . . . . S E C U R IT IE S Par Value. $15,000 N. Y., N. H. & H. 3^s 20.000 N. Y„ N. H. & H. 4s 20.000 No. Maine Seaport 5s 5,000 Washington Co. 3)^s S tr e e t R a ilw a y B o n d s . R a ilr o a d B o n d s . $36,000 Bangor & Aroostook 5s 10.000 Boston & Albany 4s 20.000 Boston & Maine 4Hs 62.000 Illinois Central 3)^s $5,000 Boston Elevated 4s 5.000 Boston Elevated iVzs 30.000 Boston & Northern 4s 17.000 Citizens’ Electric 5s 5.000 Old Colony 4s D a t e s o f E x a m in a t io n a n d A u d it , March 6-9. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . $17,069 97 17,732 50 179,140 80 . $213,943 27 139,818 87 . $74,124 40 OW NED. B a n k S to c k s. Shs. 57 Lee Nl. Bk. 80 Lenox Nl. Bk. 60 North Adams Nl. Bk. 15 Palmer Nl. Bk. 20 Agricultural Nl. Bk., Pittsfield 19 Pittsfield Nl. 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 [Pub. Doc, REPORT OF TH E 184 LEOMINSTER SAVINGS BANK, LEOMINSTER. 12 M A I N Incorporated March 16, 1865. STREET. Number of corporators, 35; number of trustees, 15. A r t h u r H . H a l l , President. C h a r l e s A . J o s l in , Treasurer. E v e r e t t B . R ic h a r d s o n , Clerk of the Corporation. Board of Trustees: E. F. B l o d g e t t , W. H . C h a s e , A. L. C l a r k , W. G. D e r b y , F. S. F a r n s w o r t h , A. H . H a l l , W. H . H a r r is o n , C . A. J o s l in , C le s so n K e n n e y , E. B . K in g m a n , H a m il t o n M a y o , D . C . N ic k e r s o n , E. B . R ic h a r d s o n , H . R . S m it h , F. A. W h it n e y . Board of Investment: C le s so n K e n n e y , H a m il t o n M a y o , A. H . H a l l , D . C . N ic k e r s o 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 s w o r t h . Deposits draw interest from first day of January, April, July and October; dividends are payable January 10 and July 10. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 935 loans on real estate (average of each, $2,096.67) . . . . . . . 65 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $82,000; assessed value, $60,790) . . Real estate by foreclosure, etc. (assessed value, $19,575) . . . . . . Suspense account . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ........................................................................................................................................ T otal A $895,625 00 216,955 00 20,000 00 14,156 25 21,000 00 1,960,391 67 415,423 00 78,063 80 16,065 41 89 00 101,209 91 5,665 67 s s e t s ...............................................$ 3,7 44 ,6 4 4 71 L ia b ilitie s . Due depositors on 8,340 accounts, averaging $420.13 each (Accounts opened during year, 1,101; closed, 758; increase, 848) Surplus: — a. Guaranty fund (4-88% of deposits; increase during year, $8,000) b. Profit and loss (increase during year, $4<H2.76) Current income: — o. Interest . . . . . . . $53,101 27 b. R e n t .......................................................... 1,686 49 171,000 00 21,867 61 $54,787 76 6,905 10 ---------------- Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $3,503,894 44 T o t a l L ia b ilitie s . 47,882 66 . $3,7 44 ,6 4 4 71 No. 8.] BAN K CO M M ISSIO N ER. 185 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $4,549.25 $6,631.56 $2,000.00 $18.10 $1,318.41 $14,517.32 Cost per $1,000 of assets 1.21 1.77 .53 .35 3.86 Cost per $1,000 of assets not including State tax and rent . ...................................... 2.12 Gross income received during the year, $164,845.64. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .6 2 % ). Real estate loans (average rate, 4.92 per cent.): 4%, $64,000; 4M%, $16,000; 4M%, $136,500; 4 %% $38,000; 5%, $1,702,466.67; 6%, $3,425. Personal loans (average rate, 5 per cent.): 5%, $415,423. Bonds, stocks, etc. (average rate on amounts invested, 3.99 per cent.): 3M%, $349,000; 3%%, $36 0003%o%, $34,150; 4%, $691,500; 4M%, $31,000; 5%, $10,000; 8%, $15,000; 12%, $8,000. Number of loans not over $3,000 each, 856, amounting to $1,127,004.67. 66 real estate loans made during year, amounting to $155,551. D i v id e n d s , D e p o s i t s a n d W i t h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 10,460, amounting to . . . . . . $63,461 95 .......................................65,559 79 . . . . 685,354 87 Number of withdrawals during year, 7,049, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $25,000 Massachusetts 4s 25.000 Bristol Co. 4s 10.000 Beverly 4s 40.000 Boston 3Ms 10.000 Boston 4s 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 10.000 Fitchburg 4s 12.000 Holyoke 4s 18.000 Lawrence 4s 5.000 Lowell 4s 38.000 Lynn 4s 30.000 Malden 4s 37.000 New Bedford 4s 15.000 Newton 4s 13.000 North Adams 4s 20.000 Pittsfield 4s 15.000 Providence, R. I., 3Ms 1.000 Quincy 4s 30.000 Salem 4s 10.000 San Francisco, Cal., 5s . OP . . S E C U R IT IE S Par Value. $3,000 Somerville 3Ms 22.000 Somerville 4s 20.000 Springfield 3Ms 15.000 Syracuse, N. Y., 4s 10.000 Troy, N. Y., 3Ms 10.000 Waltham 4s 25.000 Worcester 3Ms 35.000 Worcester 4s 18.000 Athol 4s 8.000 Belmont 4s 1.000 Dracut 4s 36.000 Leominster 3Ms 1.000 Leominster 4s 6.000 Peabody 4s 2.000 Reading 4s 11.000 Revere 4s 6,150 Sterling 3.90% 20.000 Stoneham 3Ms 16.000 Wakefield 4s 3.000 Watertown 4s . . . . . . . $814,376 61 590,694 92 . $223,681 69 OW NED. Par Value. $5,000 Methuen 3Ms 15.000 Sterling 3.90% Railroad Bonds. $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 3.000 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 P u b lic F u n d s , N o te s . $75,000 Leominster 3Ms 17,500 Leominster 4s 10.000 Leominster 4Ms 13.000 Lunenburg 3.90% D a t e s o r E x a m in a t io n , August 31, September 1. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Bank Stocks. Shs. 150 Leominster Nl. Bk. 80 Safety Fund Nl. Bk., Fitchburg [Pub. Doc. REPO RT OF THE 186 LEXINGTON SAVINGS BANK, LEXINGTON. 440 M A S S A C H U S E T T S Incorporated March 11, 1871. AVENUE. Number of corporators, 43; number of trustees, 25. C h a r l e s B . D a v i s , President. E d w in B. W o r t h e n , Treasurer. J a m e s S. S m it h , Clerk of the Corporation. Board of Trustees: G. E. B r ig g s , F . C . C h il d s , G. H. C h il d s , J. E. C r o n e , L. L. C r o n e , C . B. D a v i s , E. F . F o b e s , W. B . F o s t e r , C . P . J o h n s o n , A. E. L o c k e , J. E. A. M u l l ik e n , H. S. O. N ic h o l s , J. L. N o r r is , F . D. P e ir c e , J. F . R u s s e l l , G. A. S k e l t o n , J. S. S m it h , G. W. S p a u l d in g , I r v in g S t o n e , E. W. T a y l o r , A. B. T e n n e y , H. C. V a l e n t in e , J. J. W a l s h , A. C. W h it n e y , E. B. W orthen. Board of Investment: C. B. D a v i s , J. E . C r o n e , G. W. S p a u l d in g , F. D. P e ir c e , J. L. N o r r is . Auditing Committee: G. E. B r ig g s , A. C. W h it n e y , H. S. O. N ic h o l s . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of April and October. Business hours: every business day, except Saturdays, 2 to 5 p .m .; Saturdays, 10 a .m . t o 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1316. A ss e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . 134 loans on real estate (average■of each, $2,566.45) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . $344,805 00 . . . 900 00 --------------------17 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $33,000; assessed value, $29,950) . . Real estate by foreclosure, etc. (assessed value, $400) . . . . . . Premium account . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash T ota l A . . . . . . . $126,775 00 175,533 65 65,157 50 13,268 75 343,905 00 52,650 00 28,800 00 200 00 564 00 9,609 69 2,319 96 s s e t s ...............................................$818,783 55 L ia b ilitie s . Due depositors on 2,363 accounts, averaging $326.09 each . . . . . {Accounts opened during year, 229; closed, 157; increase, 72) Surplus: — а. Guaranty fund (4-98% of deposits; increase during year, $1,670) . . . б. Profit and loss (increase during year, $402.69) . . . . . . Current income: — a. Interest . . . . . . . $3,241 82 b. Rent . . . . . . . 128 75 --------------------$3,370 57 Less current expenses not charged off . . . . 355 38 --------------------School savings system . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $770,561 01 38,410 00 6,723 85 3,015 19 73 50 T o t a l L i a b i l i t i e s ...............................................$ 818,783 55 187 BAN K COMMISSIONER. No. 8.] T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Rent. State Tax (Net). Salaries. Amount paid for $1,586.00 $1,778.00 $500.00 Cost per $1,000 of assets 1.94 2.17 .61 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $634.77 $4,635.57 $136.80 .77 5.66 .17 3.11 Gross income received during the year, $35,737.55. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 0 % ). Real estate loans (average rate, 5.08 per cent.): 4M%. $8,000; 5%, $301,505; 5M%. $4,200; 6%, $30,200. Personal loans (average rate, 5.32 per cent.): 5%, $35,750; 6%, $16,900. Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cent.): 3%, $5,000; 3M%> $15,000; 4%, $214,000; 4M%, $105,000; 5%, $47,000. Number of loans not over $3,000 each, 102, amounting to $147,505. 18 real estate loans made during year, amounting to $41,750. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 2,133, amounting to . . Number of withdrawals during year, 1,456, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $5,000 Massachusetts 3s 10.000 Massachusetts 4s 10.000 Baltimore, Md., 4s 5.000 Duluth, Minn., 4 Ms 10.000 Fall River 4Mb 15.000 Hartford, Conn., 4 Ms 10.000 Lawrence 4s 5.000 Melrose 4s 10.000 Omaha, Neb., 4Mb 10.000 San Francisco, Cal., 4Mb 25.000 Lexington 4s 4.000 Wellesley 4s 8.000 Kittery, Me. (W. D.), 5s . OF . . . S E C U R IT IE S R a ilr o a d B o n d s . Par Value. $10,000 Aroostook Northern 5s 5.000 Baltimore & Ohio 4 Ms 10.000 Bangor & Aroostook 5s 2.000 Boston & Albany 4s 9.000 Boston & Albany 5s 5.000 Boston & Maine 4s 25.000 Boston & Maine 4Mis 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. 3Ms 30.000 N. Y., N. H. & H. 4s D a t e s o f E x a m in a t io n , March 2-16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . ....................................... . . . . . . . . . $14,257 73 14,583 94 121,053 49 . $149,895 16 123,496 75 . $26,398 41 OW NED. Par Value. $15,000 Maine Central 4Ms 10,000 No. Maine Seaport 5s 7,000 Old Colony 4s S tr e e t R a ilw a y B o n d s. $10,000 Boston Elevated 4s 10.000 Boston Elevated 4Mb 22.000 Boston & Northern 4s 15.000 Springfield 4s 10.000 Worcester Cons. 4Ms 188 REPO RT OF THE [Pub. Doc. LINCOLN SAVINGS BANK, BOSTON. 1111 C O L U M B U S A V E N U E . Incorporated Nov. 5, 1915. Number of corporators, 71; number of trustees, 28. J a m b s W . C o l g a n , President. H e n r y S. O r m s b y , Clerk of the Corporation. J o sep h E n g e l , Treasurer. F r e d e r ic k W . K l e m m , Vice-Treasurer. Board of Trustees: W. H . A t k in s , S im o n B a r n a r d , F r e d e r ic k B l e il e r , A . A. B r o w n , W . A. C a m p b e l l , G . E . C o l e , \V. S. C o l e , J. W. C o l g a n , A . W . E n g e l , J o sep h E n g e l , R . S. H a m il t o n , J. T. H o s f o r d , T. F. H u n t , B . A . K a is e r , F. W . K l e m m , A . E . L e w i s , C h a r l e s L if f l e r , G . P . M a c L e l l a n , J. C . M c C o r m ic k , W . J. M c G a f f e e , J. J. O ’ B r ie n , H . S. O r m s b y , E . L . R u e t e r , F. W . R u g o , W . F. S a w y e r , T h o m as S p r o u l e s , F e r d in a n d v o n S c h o l l e y , C o r n e l iu s V ander P y l . Board of Investment: F . W . R u g g , S im o n B a r n a r d , W . S. C o l e , C h a r l e s L if f l e r , G . P . M a c L e l l a n , C o r n e l iu s V a n d e r P y l . Auditing Committee: R . S. H a m il t o n , A. A. B r o w n , G. E. C o l e . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 12 m .; also Saturdays, 5 t o 8 p .m ., for deposits only. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1 916. A s s e ts . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . 9 loans on real estate (average of each, $2,588.89) . Premium account . . . . . . Suspense account . . . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . . . . $17,762 50 4,900 00 1,840 00 23,300 00 15 00 126 68 9,618 87 755 25 . . . $ 58,318 30 . . . $58,144 38 47 50 7 75 L ia b ilitie s . Due depositors on 276 accounts, averaging $210.66 each . . CAccounts opened during year, 297; closed, 21; increase, 276) Surplus: — a. Guaranty fund (.08% of deposits) . . . . b. Profit and loss . . . . . . . . Current income: — Interest . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . . . . . . . . . . . . 118 67 $ 58,318 30 No. 8.] BANK COMMISSIONER. 189 T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. Amount paid for Cost per $1,000 of assets State Tax (Net). Salaries. $56.01 .96 - Rent. - Advertising. Other Expenses. - Total. $56.01 .96 Gross income received during the year, $767.19. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A l l , 4 .8 2 % ). Real estate loans (average rate, 5.04 per cent.): 5%, $21,300; 5J^%, $2,000. Bonds, stocks, etc. (average rate on amounts invested, 4.61 per cent.): 4%, $15,000; 4J^%, $4,000; 5%, $7,000. Number of loans not over $3,000 each, 7, amounting to $16,300. 9 real estate loans made during year, amounting to $23,300. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: July, 1916, 1% Number of deposits dining year, 791, amounting to . . . Number of withdrawals during year, 101, amounting to . Net increase in amount due depositors SCH EDULE . OF . . . . S E C U R IT IE S R a ilr o a d B o n d s . Par Value. $2,000 Baltimore & Ohio 5s 1.000 Chic., Burl. & Quincy 4s 2.000 Chic., Mil. & St. Paul 4s 3.000 Illinois Central 4s 3.000 James., Frank. & Clearfield 4s . . . . . . . . . . . . . . OW NED. Par Value. $2,000 Minn., St. P. & Sit. St. M. 4s 4.000 N. Y. C. & H. R. 4^8 2.000 Portland Terminal Co. 4s S tr e e t R a ilw a y B o n d s . $5,000 Boston Elevated 5s D a t e s o f E x a m in a t io n a n d A u d it , October 30, 31. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $243 51 61,880 29 $62,123 80 3,979 42 $58,144 38 190 REPO RT OF THE [Pub. Doc. LOWELL FIVE CENT SAVINGS BANK, LOWELL. 107 M E R R IM A C K STREET. f G r e e n h a lg e G r a m m a r S c h o o l. B r a n c h O f f i c e s : -j R iv e r s id e G r a m m a r S c h o o l . [ C o lb u r n T r a in in g S c h o o l. Incorporated April 12, 1854. Number of corporators, 44; number of trustees, 17. A u s t in K. C h a d w ic k , President. C h a r l e s A. R ic h a r d s o n , Treasurer. C h a r l e s L . K n a p p , Clerk of the Corporation. Board of Trustees: C. A . A b b o t t , C . E. B a r t l e t t , A . K . C h a d w ic k , F . E. D u n b a r , G. L . H o o p e r , C . L . K n a p p , J. A . L e g a r e , G. S. M o t l e y , F r a n k l in N o u r s e , F . P . P u t n a m , A . C . R u s s e l l . C . W. R u s s e l l , A . T. Sa f f o r d , W. S. S o u t h w o r t h , S. H. T h o m p so n , J. C . W a d l e ig h , W. F . W il d e r . Board of Investment: C. A. A b b o t t , A. K. C h a d w ic k , F. E. D u n b a r , G. L. H o o p e r , S. H. T h o m p so n , W . F. W i l d e r . Auditing Committee: G. L. H o o p e r , J. A. L e g a r e , F. P. P u t n a m . Deposits draw interest from first Saturday in January, April, July and October; dividends are payable Monday following first Saturday of January and July. Business hours: 9 a .m . to 1 p .m .; also Saturdays, from 7 to 9 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 864 loans on real estate (average of each, $4,671.59) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . 35 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $70,000; assessed value, Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . T ota l A . . . . . . . . . . . . . . . $4,067,651 48 31,400 00 --------------------. . . $93,950) . . . . . . . . $389,634 00 1,221,846 25 282,587 50 115,275 00 44,600 00 4,036,251 48 452,461 67 40,000 00 98,917 45 5,457 08 s s e t s ...............................................$6,6 87 ,0 3 0 43 L ia b ilitie s . Due depositors on 23,734 accounts, averaging $259.24 each (Accounts opened during year, 6,380; closed, 3,874; increase, 3,506) Surplus: — a. Guaranty fund (J.7J% of deposits; increase during year, $25,000) h. Profit and loss (increase during year, $684-31) Current income: — a. Interest . . . . . . . . . . b. Rent . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $6,152,872 57 292,000 00 133,411 36 $107,515 99 1,230 51 108,746 50 T o t a l L ia b ilitie s . . $6,6 87 ,0 3 0 43 BAN K COMMISSIONER. No. 8.] 191 T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $9,546.16 $13,154.84 $2,100.00 $245.81 $3,292.04 $28,338.85 Cost per $1,000 of assets 1.43 1.97 .31 .04 .49 4.24 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.50 Gross income received during the year, $292,252.58. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 0 % ). Real estate loans (average rate, 4.94 per cent.): 4J^%, $747,400 ; 4%%, $50,000; 5%, $3,076,576.48; 5H%, $46,500; 6%, $115,775. Personal loans (average rate, 4.45 per cent.): 4%, $65,000; 4M%> $219,500; 4J^%, $38,350; 4%%, $5,000; 5%, $122,361.67; 5J^%, $1,150; 6%, $1,100. Bonds, stocks, etc. (average rate on amounts invested, 4.29 per cent.): 3%, $100,000; 3H%. $285,000; 3.60%, $20,000; 4%, $1,171,000; 4J£%, $247,000 ; 5%, $185,200; 5M%. $10,000; 6%, $63,000; 8%, $30,600; 10%, $1,000; 12%, $2,500. Number of loans not over $3,000 each, 647, amounting to $848,423.75. 130 real estate loans made during year, amounting to $877,262.50. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 57,707, amounting to . . . . . . . ....................................... . . . P Number of withdrawals during year, 20,424, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $10,000 California, State of, 4s 15.000 Massachusetts 3b£s 10.000 Massachusetts 4s 10.000 Akron, 0., 5M>s 20.000 Boston 4s 18.000 Brockton 4s 10.000 Canton, 0., 5s 45.000 Chicago, 111., 4s 10.000 Duluth, Minn., 4Mjs 10.000 Lawrence 4s 3.000 Lowell 4s 5.000 Lynn 4s 15.000 Minneapolis, Minn., 4s 6.000 New Bedford 4s 10.000 Portland, Ore., 4s 20.000 Portland, Ore., 6s 8.000 Salem 4s 8.000 San Francisco, Cal., 5s 15.000 Somerville 3J^s 10.000 Spokane, Wash., 4s 6,000 Taunton 4s 10.000 Toledo, 0., 4J^s P u b lic F u n d s , N o te s . $25,000 Middlesex Co. 3s 25.000 Quincy 3s 50.000 Salem 3s 20.000 West Springfield 3.60% OF . . . S E C U R IT IE S R a ilr o a d B o n d s . . . . . ------------- $1,805,961 18 1,087,231 48 . . . $718,729 70 OW NED. Par Value. $90,000 N. Y., N. H. & H. 4s Par Value. 25.000 N. Y. C. & H. R. 3Hs $10,000 Allegheny Valley 4s 25.000 Norwich & Wore. 4s 20.000 Baltimore & Ohio 4MÍS 47.000 Pennsylvania 4J^s 30.000 Baltimore & Ohio 5s 25.000 Port. & Ogdens. 4 Mis 50.000 Boston & Albany 3}4s 75.000 Portland Terminal Co. 4s 25.000 Boston & Albany 4s 10.000 Sioux City and Pac. 3Mis 50.000 Boston & Maine 3J^s 50.000 Boston & Maine 4s 20.000 Boston & Maine 4J^s S tr e e t R a ilw a y B o n d 3 . 50.000 C., B. & Q. 3^s $75,000 Boston Elevated 4s 95.000 C., B. & Q. 4s 45.000 Boston Elevated 4b£s 20.000 Chicago, Mil. & St. Paul 4s 50.000 Boston & Northern 4s 10.000 Chicago, Mil. & St. Paul 5s 10.000 Holyoke 5s 25.000 Chic., R. I. & Pac. 4s 10.000 Old Colony 4s 85.000 Chic. & Northwestern 4s 10.000 Springfield St. Ry. 4s 10.000 Chicago & Northwestern 5s 10.000 West End 4s 25.000 Concord & Montreal 4s 40.000 West End 5s 40.000 Fitchburg 4s 40.000 Worcester Con.4Mis 13.000 Fre., Elk. & Mo. Valley 6s 25.000 Illinois Central 3}4s 100.000 Illinois Central 4s B a n k S to c k s. 40.000 Louisville & Nashville 5s 25.000 Louisville & Nashville 6s Shs. 30.000 Maine Central 4J^s 52 Boylston Nl. Bk., Boston 20.000 Michigan Central 3J^s 10 Merchants Nl. Bk., Boston 25.000 Minn. & Iowa 3Mis 200 Nl. Shawmut Bk., Boston 30.000 Minn., St. P. & Sit. St. M. 4s 40 Nl. Union Bk., Boston 20.000 Minn., St. P. & Sit. St. M. 5s 25 Second Nl. Bk., Boston ,10,000 Minn., Sit. St. M. & At. 4s 66 Union Nl. Bk., Lowell 5,000 N. Y., L. & W. 6s 20 Wamesit Nl. Bk., Lowell D a t e s op E x a m in a t io n , April 17-22. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $103,711 89 109,521 75 1,592,727 54 192 REPO RT OF THE [Pub. Doc LOWELL INSTITUTION FOR SAVINGS, LOWELL. 18 SH ATTUCK STREET. B r a n c h O ffic e : W e s tfo r d . Incorporated February 20, 1829. Number of corporators, 40; number of trustees, 13. F r e d e r ic A. F i s h e r , President. E d w a r d B. C a r 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 r g e B o w e r s , J. A . C a m e r o n , E. B . C a r 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 r r y D u n l a p , F. A. F i s h e r , C . H. H o b so n , J. A. H u n n e w e l l , R. F. M a r d e n , E. H. S c r ib n e r , R. P. W h it e . Board of Investment: G e o r g e B o w ers, H arry D unlap, C. H. H o b so n , E. B. Carney, E. H. S c r ib n e r . 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 r d e n . Deposits draw interest from first Saturday of February, May, August and November; dividends are payable the Monday after the first Saturday of May and November. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 7 to 9 p . m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. Co. b o n d s ....................................................................................... Stocks of banks and trust companies . . . . . . . . . . . . $4,728,700 35 582 loans on real estate (average of each, $8,021.82) . Less amount due on uncompleted loans . . . . . . 60,000 00 --------------------32 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $59,970; assessed value, $59,970) . . Real estate by foreclosure, etc. (assessed value, $ 8 9 ,7 5 0 )................................................. Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T o t a l A ss e ts . . . $707,017 35 1,694,698 20 413,017 40 51,517 05 134,838 75 59,200 00 4,668,700 471,653 36,944 91,525 240,054 7,710 35 87 67 16 63 89 . . $3,5 76 ,8 7 8 32 Due depositors on 15,457 accounts, averaging $507.66 each . . . . (Accounts opened during year, 2,875; closed, 1,345; increase, 1,030) Surplus: — a. Guaranty fund (5% of deposits; increase during year, $34,425) . b. Profit and loss (increase during year, $17,268.78) . . . . . Current income: — Interest . . . . . . . . . . . . Reserved for dividend . . . . . . . . . . . . $7,846,893 77 L ia b ilitie s . . . . . . 392,345 00 186,743 55 807 70 150,088 30 T o t a l L i a b i l i t i e s ...............................................$ 8,5 76 ,8 7 8 32 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $10,495.85 $15,603.93 $800.00 $620.36 $4,747.49 $32,267.63 Cost per $1,000 of assets 1.22 1.82 .09 .07 .55 3.75 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.44 Gross income received during the year, $388,219.70. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BAN K COMMISSIONER, No. 8, 193 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 3 % ). Real estate loans (average rate, 4.93 per cent.): 3 $ 1 6 , 6 0 0 ; 4%, $243,000; 4Ji%, $115,000; 4^2%, $383,175; 4%%, $174,500; 5%, $3,268,860.35; 5V2%, $415,850; 6%, $51,715. Personal loans (average rate, 4.45 per cent.); 4}4%, $175,000; 4Y2%, $248,736.87; 5%, $47,417; 6%, $500. Bonds, stocks, etc. (average rate on amounts invested, 4.48 per cent.): 3Y % , $76,000; 4.%, $2,063,050; 4J'g%, $2,700; 4J^%, $580,500; 4M%, $5,000; 5%, $319,324; 5H%, $3,500; 6%, $50,000 ; 8%, $8,900; 12%, $47,300. Number of loans not over $3,000 each, 380, amounting to $546,845.75. 49 real estate loans made during year, amounting to $647,500. D i v id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Nov. 1915, 2% May, 1916, 2% Number of deposits during year, 20,245, amounting to . - . • $1,559,969 36 871,467 51 Number of withdrawals during year, 11,698, amounting to $688,501 85 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $60,000 California, State of, 4s 20.000 Massachusetts 23.000 Massachusetts 4s 106,000 Boston 4s 6.500 Brockton 4s 8,600 Canton, 0., 5s 500 Canton, O., 514& 2.000 Everett 4s 2.000 Flint, Mich., 4}^s 2.500 Hamilton, O., 4^23 4.000 Hamilton, 0., 5s 1.000 Holyoke 4s 25.000 Lawrence 4s 9,450 Lowell 4s 8.000 Lynn 4s 25.000 Los Angeles, Cal., 4)^s 4.000 New Bedford 4s 50.000 Omaha, Neb., 4^23 5.000 Peoria, 111., 4s 2.000 Pittsfield 4s 43.000 Portland, Ore., 4)^s 50.000 Portland, Ore., 6s 3.000 Quincy 4s 14.000 Salem 4s 10.000 San Francisco, Cal., 4J^s 24.000 Seattle, Wash., 4s 50.000 Seattle, Wash., 4Ks 3.000 Spokane, Wash., 5^s 2.000 Taunton 4s 2,724 Youngstown, 0., 5s 5.000 Bourne 4%a 3.000 Franklin 4s 1.000 Gorham, N. H., 4s 10.000 Lexington 4s 14.000 Mansfield 4s 5,400 Mattapoisett 4s 10.000 Nantucket 4s 6.500 Pepperell 4s 2.500 Plymouth 4s OF S E C U R IT IE S OW NED. Par Value. Par Value. $110,000 Illinois Central 4s $11,700 Ware 4s 50.000 Lake Shore & Mich. So. 4s 3.000 Bethlehem, N. H. (W.D), 4s 18.000 Louisville & Nashville 4s 7,600 No. Chelmsford (F. D.) 4Ks 25.000 Louisville & Nashville 4}4s 4,500 N. Conway, N. H. (W.D.), 4s 50.000 Minn., St. P. & Sit. St. M. 4s 9.000 W. & S. Acton (W. D.) 4s 65.000 N. Y. C. & H. R. 4s 19.000 Worthington (F. D.) 5s 150.000 N. Y., N. H. & H. 4s 36.000 No. Maine Seaport 5s P u b lic F u n d s , N o te s . 1.000 Maine Cen. & E. & N. A. 4s $2,700 Lowell 4Ms . 50.000 Maine Central 4Ys 5.000 Dracut 4s 17.000 Old Colony 4s 500 Hardwick 4s 25.000 Pennsylvania 4p£s 3.000 Stoughton 4s 16.000 Port. & Ogdens. 4)^s 22,400 Tyngsborough 4s 3.000 Somerset 4s 10.000 St. Paul, Minn. & Man. 4s 20.000 Vermont Valley 4)^s R a ilr o a d B o n d s . 25.000 West Virginia & Pitts. 4s $50,000 Atch., Top. & Santa F64s 15.000 Wore., Nash. & Roch. 4s 22.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4}^s S tr e e t R a ilw a y B o n d s . 53.000 Baltimore & Ohio 5s 55.000 Bangor & Aroostook 5s $53,000 Boston Elevated 4s 25.000 Beech Creek 4s 25.000 Boston Elevated 4V£s 14.000 Boston & Albany 4s 62.000 Boston Elevated 5s 9.000 Boston & Albany 5s 102.000 Boston & Northern 4s 50.000 Boston & Lowell 4s 34.000 Lynn & Boston 5s 29.000 Boston & Maine 4s 1.000 Marlboro & Westboro 5s 58.000 Boston & Maine 4J^s 6.000 N. Bedford, Mid. & Brock. 5s 25.000 Boston & N. Y. Air Line 4s 45.000 Old Colony 4s 2.000 Boston & Providence 4s 1.000 Uxbridge & Blackstone 5s 100.000 Boston, R. B. & Lynn 4.}4s 50.000 West End 4s 100.000 Carthage & Adirondack 4s 8.000 West End 4}4s 100.000 C., B. &Q. 4s 25.000 Wést End 5s 50.000 Chicago, Mil. & St. P. 4s 1.000 Worcester Cons. 4)^s 100.000 Chic. & North, ,4s 20.000 Wore. & Southbridge 4Fis 35.000 Chic., R. I. & Pac. 4s 50.000 Concord & Montreal 4s B a n k S to c k s. 17.000 Conn. & Pass. Rivers 4s •Shs. 20.000 Delaware & Hudson 4s 473 Second Nl. Bk., Boston 51.000 Fitchburg 4s 30 Old Lowell Nl. Bk., Lowell 25.000 Fitchburg 43is 89 Union Nl. Bk., Lowell D a t e s of E x a m in a t io n , April 17-22. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $137,600 06 143,914 72 1,278,454 58 194 REPO RT OF THE [Pub. Doc. LUDLOW SAVINGS BANK, LUDLOW. EAST Incorporated February 23, 1888. STREET. Number of corporators, 44; number of trustees, 23. F rederick L. B urr , President. G eorge A . B ir n ie , Treasurer. F rank N . M oore , Clerk of the Corporation. Board of Trustees: G. G. B ennett , G. A . B ir n ie , C. S. B rowning , F. L. B urr , H. I. C a r ver , W. S. C olwell , W. G. D a v is , E. E . F u ller , C. W . G ow en , G. D . G r e en , P. A . H oyt , C. P. Jones , R obert K y l e , M . H. L yons , F. N . M oore , H. W . M orrill , A . S. P ackard , C. E. Q u in by , A lexan der R u xto n , J. F. Shea , Sidney Stevens , F. W . Sturgis , F. A . T ow ne . Board of Investment: F. L. B u r r , G . D. G r e en , M . H. L yons , E . E . F uller , A lexan der R u xton . Auditing Committee: F. N. M oore , C. W. G ow en , W. G. D a v is , C. E. Q uin by . Deposits draw interest from first day of January, April, July and October; dividends are payable April 10 and October 10. Business hours: 10 am . to 12 m .; 1 to 3 p .m .; also Wednesdays and Fridays, 7.30 to 9 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . Street railway bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . Stocks of banks and trust companies . . . . . . . 243 loans on real estate (average of each, $2,105.35) . . . . . 6 loans on personal security . . . . . . . . Deposits in national banks or trust companies . . . . . Cash . . . . . . . . . . . . . . . . . . . . . . . . $72,557 92 77,802 10 18,889 06 11,860 00 1,100 00 511,599 55 14,173 68 124,153 59 13,158 38 . . . . . . . . $845,294 28 T o t a l A s s e ts L ia b ilitie s . . Due depositors on 2,485 accounts, averaging $323.98 each {Accounts opened during year, 758; closed, 436; increase, 322) Surplus: — a. Guaranty fund {2.45% of deposits; increase during year, 81,882.56) . b. Profit and loss (increase; during year, $3,743-45) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . $805,083 59 19,763 17 20,023 54 $526 12 102 14 -----------. . 423 98 $845,294 28 No. BAN K COMMISSIONER. 195 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Amount paid for $798.94 $1,243.00 $236.00 Cost per $1,000 of assets .94 1.47 .28 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $32.55 $535.72 $2,846.21 .04 .63 3.36 2.14 Gross income received during the year, $35,455.59. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o h A ll , 4 .9 2 % ). Real estate loans (average rate, 5.14 per cent.): 5%, $409,361.55; 5}4%, $61,867.50; 6%, $40,370.50. Personal loans (average rate, 5.02 per cent.): 5%, $13,873.68; 6%, $300. Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cent.): 3J^%, $60,000; 4%, $50,000: 5%, $74,100. Number of loans not over $3,000 each, 196, amounting to $256,473.23. 21 real estate loans made during year, amounting to $47,800. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 4,424, amounting to $13,144 03 13,756 48 297,393 76 Number of withdrawals during year, 1,894, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $10,000 Massachusetts 4s 11,000 Athol 4s 6,000 Clinton 4s P u b lic F u n d s , N o te s . $45,000 Ludlow 5s D ate of OF . . . S E C U R IT IE S R a ilr o a d B o n d s . 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. 3Ms 10.000 Fitchburg 3J^s 15.000 Illinois Central 3}4s 15.000 N. Y. C. & H. R. 3^s 5.000 N. Y„ N. H. & H. 3^s 10.000 No. Maine Seaport 5s 5.000 Washington Co. 3}is E xam ination , March 20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . $324,294 27 193,292 25 . . $131,002 02 OW NED. S tr e e t R a ilw a y B o n d s. Par Value. $6,100 Holyoke 5s 2,000 Lynn & Boston 5s 10,000 West End 5s B a n k S to c k s. Shs. 10 City Nl. Bk., Holyoke. 196 REPO RT OF TH E [Pub. Doc. LYNN FIVE CENTS SAVINGS BANK, LYNN. 112 M A R K E T Incorporated May 15, 1855. STREET. Number of corporators, 70; number of trustees, 30. R ollin E. H armon , President. H en ry E. N ew ha ll , Treasurer. Samtjee H . H ollis , Clerk of the Corporation. Board of Trustees: F. P. A born , H. H . A therton , G. R . B eardsell , C. B. B reed , H . W . B reed , M. P. C lough , A. M. C reighton , C. A . C ross , J. F. E dson, E. V. F rench , T. W . G ardin er , C. S. G rove r , R . E . H armon , C. E. H arwood , W . S. H ixon , S. J. H ollis , S. H . H ollis, W . G. K eene , T. A. K elley , J. W . K imball , H. E. N ew h a ll , H. W . N ew hall , J. S. N ew hall , T. P. N ichols, F. S. P e v e a r , C. E. R olpe , C. S. Sanborn , C. F. Smith , H . F. T apley , J ohn W oodbury . Board of Investment: R . E. H armon , S. J. H ollis , H. F. T apley , J. S. N ew hall , J ohn W oodbury . Auditing Committee: C. S. San born , C. A. C ross , C. F. Smith , T. W. G ardin er , A. M. C reigh ton . 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 . STATEM EN T OP C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 914 loans on real estate (average of each, $2,652.87) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,446,300 28 21,574 93 --------------------57 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $35,000; assessed value, $48,000) . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Suspense account . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . $1,502,494 28 1,635,119 91 571,987 01 129,098 75 1,400 00 2,424,725 35 1,196,000 00 38,468 96 2,104 77 24 45 44,906 53 17,118 74 T o t a l A s s e t s ............................................... $7,563,448 75 L ia b ilit ie s . Due depositors on 27,609 accounts, averaging $246 each . . . . . . (Accounts opened during year, 4,458; closed, 4,154; increase, SO4) Surplus: — a. Guaranty fund (4-95% of deposits; increase during year, $8,887) b. Profit and loss {increase during year, $31,028.15) . . . . . Current income: — a. Interest . . . . . . . $76,378 87 b. Rent . . . . . . . 105 62 ------------------$76,484 49 Less current expenses not charged off . . . . 8,719 46 Real estate acquired by foreclosure Interest on mortgages held as collateral T o t a l L ia b i l i t i e s . . . . $6,791,860 30 336,637 00 366,975 19 67,765 03 32 48 178 75 $7,563,448 75 T o t a l E xp en ses fo r t h e Y e a r , in c lu d in g S ta te T a xes. , State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $14,905.18 $17,376.96 $2,254.00 $169.78 $7,047.87 $41,753.79 Cost per $1,000 of assets 1.97 2.29 .29 .02 .93 5.50 Cost per $1,000 of assets not including State tax and rent . . . . . . '3.24 Gross income received during the year, $336,705.10. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8. 197 BANK COMMISSIONER, R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 3 % ). Real estate loans (average rate, 5.41 per cent.): 5%, $636,002.46; 5M%> $1,576,337; 6%, $212,385.89. Personal loans (average rate, 4.25 per cent.): 3%, $195,000; 4%, $125,000; 4M%> $465,000; 4%%, $75,000; 4M%> $96,500; 4%%, $72,500; 5%, $48,000; 5M%. $66,000; 6%, $53,000. Bonds, stocks, etc. (average rate on amounts invested, 4.25 per cent.): 3%, $20,000; 3.35%, $5,000; 3.40%, $5,000; 3M%, $697,900; 3M%, $33,000; 4%, $1,744,034.81; 4M%. $10,000; 4M%. $882,500; 5%, $529,400; 6%, $9,600. Number of loans not over $3,000 each, 715, amounting to $983,787.28. 99 real estate loans made during year, amounting to $189,950. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% . . . . . $122,334 75 July, 1 9 1 6 , 2 % ....................................... 126,618 17 Number of deposits during year, 46,487, amounting to . . . . . 1,561,092 48 Number of withdrawals during year, 28,153, amounting to Net increase in amount due depositors . . Par Value. $161,000 Massachusetts 3Ms 7,000 Massachusetts 4s 36.000 Alleghany, Pa., 4s 23,800 Attleborough 4s 20.000 Boston 3Ms 175.000 Boston 4s 4.000 Brockton 4s 24,500 Brockton 4Ms 43.000 Cambridge 4s 12.000 Chelsea 3Ms 32.000 Chelsea 4s 6.000 Chicopee 4s 8.000 Everett 4s 20.000 Fall River 3Ms 5.000 Fall River 4s 10.000 Franklin 4s 6.000 Gloucester 4s 5.000 Haverhill 4s 5.000 Holyoke 3Ms 30.000 Holyoke 4s 5.000 Joliet, 111., 5s 15.000 Los Angeles, Cal., 4Ms 15.000 Lowell 4s 3.000 Lynn 3Ms 22.000 Lynn 4s 6.000 Malden 4s 2.000 Marblehead 4s 4.000 Melrose 4s 55.000 New Bedford 4s 15.000 North Adams 4s 10.000 Norwich, Conn., 3Ms 5.000 Oakland, Cal., 4Ms 23.000 Omaha, Neb.,4Ms 1.000 Quincy 4s 10.000 Saginaw, Mich., 4s 10.000 San Francisco, Cal., 5s 5.000 Sioux City, Iowa, 4Ms 8.000 Springfield 3Ms 42.000 Superior, Wis., 4Ms 10.000 Taunton 4s 5.000 Woonsocket, R. I., 4Ms 5.000 Youngstown, O., 5s 3.000 Adams 4s 10.000 Amesbury 4s 2.000 Ashland 4s 7,500 Belmont 4s 45.000 Danvers 4s 24.000 Deerfield 4s 2,250 Greenfield 4s 33,900 Holbrook 4s 20.000 Hyde Park 4s 6,850 Longmeadow 4s 14.000 Mansfield 4s 2.000 Marshfield 4s 5.000 Middleborough 4s 9.000 Peabody 4s . . . . . . $1,810,045 40 1,419,866 46 . $390,178 94 OW NED. Par Value. $900 Plymouth 3Ms 22.000 Plymouth 4s 20.000 Revere 4s 2,400 Russell 4s 5.000 Reading 4s 11.000 So. Hadley 4s 9.000 Tisbury 4s 9,225 Watertown 4s 5.000 Wellesley 4s 18.000 Westfield 4s 4.000 Whitman 4s 27.000 Winchester 4s 25.000 Augusta, Me. (W. D.),4s 7.000 Blandford (F. D.) 4s 13.200 Hadley (W. S. D.) 4s 30.000 Kennebec, Me. (W. D.), 3Ms 25.000 Kittery, Me. (W. D.), 5s 24.000 W. Groton (W. S. D.) 4s P u b lic F u n d s , N o te s . $5,000 Plymouth Co. 4s 5.000 Plymouth Co. 4Ms 10.000 Chicopee 4Ms 10.000 Barnstable 4s 5.000 Billerica 4Ms 10.000 Brookfield 4s 4.000 Canton 4s 8.000 Easthampton 3Ms 3.500 Hull 4s 1,800 Merrimae 4s 8.000 Ipswich 4s 2.500 Norwood 4s 23.200 Revere 4s 7.000 Salisbury 4s 5.000 Stoneham 4.35% 5.000 Somerville 4.40% 25.000 Swampscott 3Ms 9,409 Winthrop 4s 11,500 Walpole 4s 2.000 Ware 4s R a ilr o a d B o n d s . $17,000 Aroostook Northern 5s 47.000 Atch., Top. & Santa F6 4s 119.000 Bangor & Aroostook 5s 149.000 Baltimore & Ohio 3Ms 10.000 Baltimore & Ohio 4s 38.000 Baltimore & Ohio 4Ms 105.000 Baltimore & Ohio 5s 5.000 Boston & Albany 4s 12.000 Boston & Albany 5s 25.000 Boston & Lowell 4s 5.000 Boston & Maine 3Ms 13.000 Boston & Maine 4s 4.000 Boston & Maine 4Ms 2.000 Boston & N. Y. Air Line 4s D a t e s o f E xam ination , November 6-9. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . S C H E D U L E O F S E C U R IT IE S P u b lic F u n d s , B o n d s . . $14,000 Boston, R. B. & Lynn 4Ms 600 Burl. & Missouri River 6s 90.000 C., B. & Q. 3Ms 21.000 C., B. & Q. 4s 7.000 Chic., Mil. & St. Paul 4s 181.000 Chic., Mil. & St. Paul 4Ms 10.000 Chic., Mil. & St. Paul 5s 10.000 Chic. & Northwest. 4s 20.000 Chic. & Northwest. 5s 9.000 Chic. & Northwest. 6s 5.000 Chic., R. I. & Pac. 4s 3.000 Connecticut River 3MS 41.000 Concord & Montreal 4s 52.000 Fitchburg 4s 1.000 Fitchburg 5s 5.000 Great Northern 4Ms 20.000 Illinois Central 3s 50.000 Illinois Central 3Ms 29.000 Illinois Central 4s 5.000 Lake Shore & Mich. So. 4s 25.000 Louisville & Nashville 4s 165.000 Maine Central 4Ms 7.000 Maine Central 5s 25.000 Michigan Central 4s 20.000 N. Y. C. & H. R. 3Ms 40.000 N. Y. C. & H. R. 4s 86.000 N. Y., N. H. & H. 3Ms 144.000 N. Y., N. H. & H. 4s 1.000 Northern Pacific 4Ms 25.000 Old Colony 3Ms 1.000 Ports., Gt. Falls & Con. 4Ms 5.000 Portland & Ogdensburg 4Ms 19.000 Upper Coos 4s 20.000 Vermont Valley 4Ms S tr e e t R a ilw a y B o n d s . $10,000 Boston Elevated 4s 277.000 Boston Elevated 4Ms 18.000 Boston Elevated 5s 28.000 Boston & Northern 4s 500 Fitchburg & Leominster 5s 41,500 Holyoke St. Ry. 5s 7.000 Lowell, Law. & Hav. 5s 84.000 Lynn & Boston 5s 6.000 Marlboro & Westboro 5s 2.000 N. B., Mid. & Brockton 5s 6.000 Milford, Hoi. & Fram. 5s 2.000 Old Colony 4s 24.000 West End 4s 42.000 West End 4Ms 23.000 West End 5s 3.000 Western Mass. 5s 1.000 Worcester & Clinton 5s B a n k S to c k s. Shs. 14 Boylston Nl. Bk., Boston 198 R E PO R T OF THE [Pub. Doc. LYNN INSTITUTION FOR SAVINGS, LYNN. 25 E X C H A N G E Incorporated June 20, 1826. STREET. Number of corporators, 50; number of trustees, 29. C harles A. C ollins , President. J oseph D . A. H ea ley , Clerk of the Corporation. F rederick L. B uhier , Treasurer. H. M orris K elley , Assisiani Treasurer. Board of Tiustees: J. M. B ar r y , J. S. B artlett , C. N. B reed , G. H. B reed , G. W. B reed , W. M. B reed , F. L. B u b ier , C. A. C ollins , W. C. F ish , J. F. H annan , C. H. H astings, J. D. A. H ea ley , B. N. J ohnson , W. W . Johnson , H. M . K elley , F. W . K imball , C. I. L indsey , J. P. M ar tin , H. R. M ayo , J. B. N ew hall , B. F. P each , A. W. P inkham , C. S. P urinton , B. F. S pinn ey , F. C. S pinney , G. E. Sprague , H. B. S prague , F. A. W ilson , C. G. W oodbridge . Board of Investment: C. S. P urinton , B. F. S pinney , C. A. C ollins , C. G. W oodbridge . Auditing Committee: B. F. P each , F. A. W ilson , F. W . K imball . Deposits draw interest from first day of February, May, August and November; dividends are pay able May 15 and November 15. Business horns: 8.30 a .m . to 1 p .m .; also Saturdays, 2.30 to 5.30 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 1,046 loans on real estate (average of each, $3,218.28) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,368,371 67 . . . 2,052 17 --------------------90 loans on personal security . . . . . . . . . . Bank building and fixtures (.estimated value, $60,000; assessed value, $41,000) . . Real estate by foreclosure, etc. (assessed value, $16,450) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . T ota l A . . . . . . . . . $725,350 00 2,171,919 50 228,550 00 134,688 00 155,742 50 107,800 00 3,366,319 2,077,512 40,000 10,113 44 205,415 45,387 50 50 00 29 36 00 67 s s e t s ...............................................$9,268,842 32 L ia b ilit ie s . Due depositors on 19,623 accounts, averaging $422.40 each . . . . (Accounts opened during year, 2,561; closed, 1,989; increase, 572) Surplus: — a. Guaranty fund (5% of deposits; increase during year, $21,982) . b. Profit and loss (increase during year, $17,221.75) . . . . . Reserved for dividend . . . . . . . . . . . T o t a l L ia b i l i t i e s . . . . . . $8,288,698 79 . . . 414,434 00 408,209 53 157,500 00 . $9,268,842 32 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $18,120.98 $14,243.65 $2,500.00 $1,106.78 $5,050.74 $41,022.15 Cost per $1,000 of assets 1.95 1.54 .27 .12 .54 4.42 Cost per $1,000 of assets not including State tax and rent . 2.20 Gross income received during the year, $415,540.05. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8. BANK COMMISSIONER. 199 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 9 % ). Real estate loans (average rate, 5.14 per cent.): 4%%, $45,100; 4 A % , $87,450; 5%, $2,091,603.675 A % , $1,019,544; 6%, $107,621.83. Personal loans (average rate, 4.12 per cent.): 2%, $50,000; 4%, $850,000; 4A%, $150,000; 4H % $756,160; 4%%, $50,000 ; 4 A % , $178,175; 4M%, $38,050; 5%, $3,027.50; 6%, $2,100. Bonds, stocks, etc. (average rate on amounts invested, 4.60 per cent.): 2%, $30,000; 3%, $7,000; 3J A%, $735,000; 3.60%, $6,500; 4%, $1,267,000; 4M%. $25,000; 4 A % , $524,500; 5%, $436,000; 5 A % , $27,000; 6%, $427,000; 7%, $15,000; 8%, $52,800; 10%, $42,500; 12%, $7,500; 16%, $5,000. Number of loans not over $3,000 each, 708, amounting to $1,344,449.17. 74 real estate loans made during year, amounting to $251,866.67. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Number of deposits during year, 28,054, amounting to $149,666 19 152,844 67 1,579,485 07 Number of withdrawals during year, 21,081, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $200,000 Massachusetts 3has 110,000 Boston 4s 9.000 Brockton 4s 50.000 Chicago, 111., 4s 35.000 Cleveland, 0., 4his 27.000 Dayton, 0., 5his 25.000 Duluth, Minn., 4his 61.000 Fall River 4s 14.000 Gloucester 4s 41.000 Lynn 4s 15.000 Middletown, Ct., 3his 4.000 Newton 4s 50.000 Omaha, Neb., 4his 15.000 Oshkosh, Wis.,4his 4.000 Racine, Wis., 4s 15.000 Clinton 4s 25.000 Cumberland, R. I., 4s 23.000 Medway 4s 4,000 Revere 4s P u b lic F u n d s , N o te s . $6,500 Swampscott 3.60% R a ilr o a d B o n d s. $75,000 Baltimore & Ohio 3his 25.000 Baltimore & Ohio 4s 29.000 Bangor & Aroostook 5s 70.000 Boston & Albany 3his 32.000 Boston & Albany 4s 65.000 Boston & Albany 5s 30.000 Boston & Maine 4s . OF . . . S E C U R IT IE S . . . . . . . $1,881,995 93 1,420,841 23 $461,154 70 OW NED. Par Value. $48,000 Boston & Maine 4his 20,000 Boston & Providence 4s 9.000 Boston, R. B. & Lynn4his 7.000 Burl. & Mo. River 6s 10.000 Central of N. J. 5s 153.000 C., B. & Q. 4s 50.000 Chic., Mil. & St. Paul 4his 50.000 Chic., Mil. & St. Paul 5s 28.000 Chic., Mil. & St. Paul 6s 55.000 Chic. & Northw. 3his 20.000 Chic. & Northw. 4s 50.000 Chic., St. P., M. & 0. 6s 15.000 Cleveland & Pitts. 4his 50.000 Concord & Montreal 4s 25.000 Erie & Pittsburgh 3his 10.000 Fargo & Southern 6s 5.000 Fitchburg 4s 15.000 Fitchburg 4As 124.000 Fre., Elk. & Mo. V. 6s 25.000 Holyoke & Westfield 4his 25.000 Housatonic 5s 7.000 Illinois Central 3s 77.000 Illinois Central 4s 25.000 Kal., Alle. & Gr. R. 5s 57.000 Louisville & Nashville 5s 50.000 Louisville & Nashville 6s 25.000 Maine Central 4his 25.000 Maine Central 5s 30.000 Michigan Central 3his 90.000 Michigan Central 5s 89.000 Mil., L. S. & West. 6s 25.000 Minn., St. P. & Sit. St. M.4s 21.000 Montana Central 6s 25.000 New England 5s D a t e s of E x a m in a t io n a n d A u d it , December 26-30. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Par Value. $75,000 N. Y. C. & H. R. 3his 50.000 N. Y. & N. E. Term. 4s 25.000 N. Y„ N. H. & H. 3his 125,000 N. Y„ N. H. & H. 4s 6,000 Norfolk & Western 6s 50.000 Northern Pacific 4'his 30.000 Pennsylvania 4his 25.000 Peoria & Northw. 3his 50.000 Port. & Ogdens. 4his 22,500 Ports., Gt. Falls & C. 4his 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 S tr e e t R a ilw a y B o n d s . $50,000 Boston Elevated 4s 85.000 Boston Elevated 4his 20.000 Boston & Northern 4s 50.000 West End 4s 25.000 West End 5s B a n k S to c k s. Shs. 50 First Nl. Bk., Boston 25 Merchants Nl. Bk., Boston 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 200 [Pub. Doc. REPO RT OF THE MALDEN SAVINGS BANK, MALDEN. 48 P L E A S A N T Incorporated April 2, 1860. STREET. Number of corporators, 56; number of trustees, 17. E b s x in e F . B ic k f o b d , President. C h e st e h N. C a b v e b , Clerk of the Corporation. F b a n c is A. S h o v e , Treasurer. M a b c u s B u t l e b , Assistant Treasurer. Board of Trustees: E . F . B ic k f o b d , J. G. C h a n d l e b , A. J. C h a s e , H e h b e e t D a m o n , G. H . G b a v e s , W . H . H a s t in g s , E . P . K im b a l l , E . E . N e a l , W . E . P ip e e , R. R. R o b in so 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 in T b o l a n d , A. W . W a l k e h , J oseph W ig g in , 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 b , A. J. C h a s e , E. J. S t e v e n s , J o s e p h W ig g in , E. G. W is e . Auditing Committee: G. H. G b a v e s , E. P. K i m b a l l , W. E. P i p e b . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable the second Wednesday of April and October. Business hours: 8.30 a .m . to 1 P.M.; also Saturdays, for deposits only, 7 to 8.30 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 1,716 loans on real estate (average of each, $2,670.88) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,600,085 00 . . . 16,860 00 --------------------36 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $40,000; assessed value, $88,600) . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . . $1,832,713 00 939,346 00 329,110 00 25,000 00 68,975 00 21,500 00 4,583,225 00 898,550 00 15,472 46 81,022 31 3,424 56 $8,798,338 33 L ia b ilit ie s . Due depositors on 22,463 accounts, averaging $357.15 each . . . . . $8,022,584 85 (Accounts opened during year, 4,084; closed, 2,779; increase, 1,305) Surplus: — a. Guaranty fund (4-69% of deposits; increase during year, $20,000) . . . 368,000 00 b. Profit and loss (increase during year, $88,211.28) . . . . . . 392,198 83 Current income: — Interest . . . . . . . . . . $17,522 70 Less current expenses not charged off . . . . 1,968 05 --------------------15,554 65 T o t a l L ia b ilitie s . . . . . $8,798,338 33 T o t a l E xp en ses fo r t h e Y e a r , in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $10,395.44 $15,002.95 $2,143.47 $686.28 $3,206.84 $31,434.98 Cost per $1,000 of assets 1.18 1.72 .24 .08 .36 3.58 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.16 Gross income received during the year, $418,678.11. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 5 % ). Real estate loans (average rate, 5.20 per cent.): lf i% , $50,000; 434%, $107,940; 4 34%. $177,000; 5%, $2,746,815; 534%, $9,800; 534%, $845,185; 6%, $646,485. Personal loans (average rate, 4.21 per cent.): 4%, $246,000; 434%, $559,000; 434%. $88,250; 5%, $5,300. Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 234%. $10,000; 3%, $39,000; 334%, $6,000; 334%, $57,000; 3.30%, $20,000; 334%, $382,000; 334%, $25,000; 4%, $1,780,980; 434%, $48,000; 434%, $423,860; 434%, $21,000; 5%, $335,600; 534%. $33,950; 6%, $60,000; 8%, $4,000; 10%, $3,200; 15%, $500; 16%, $13,800. Number of loans not over $3,000 each, 1,341, amounting to $2,293,705. 120 real estate loans made during year, amounting to $433,200. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 201 BANK COMMISSIONER. No. 8.] Dividends, Deposits and Withdrawals. $146,054 62 151,282 10 1,491,230 15 Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 38,386, amounting to $1,788,566 87 1,313,009 85 Number of withdrawals during year, 23,269, amounting to $475,557 02 Net increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. $50,000 Massachusetts 334s 10.000 Massachusetts 4s 29.000 Essex Co. 4s 20.000 Hampden Co. 4s 4.000 Middlesex Co. 4s 20.000 Akron, 0., 534s 16.000 Beverly 4s 42.000 Boston 4s 8.000 Boston 434s 20.000 Bridgeport, Conn., 434s 7.000 Brockton 4s 17,250 Brockton 4J4s 16.000 Cambridge 4s 27,600 Canton, 0., 5s 13,950 Canton, O., 5J4s 30.000 Dayton, 0., 5s 8.000 Des Moines, la., 43i>s 25.000 Duluth, Minn., 4}4s 10.000 Duluth, Minn., 5s 15.000 Everett 4s 6,460 Everett 4J4s 51.000 Fall River 4s 26.000 Fitchburg 4s 15.000 Hartford, Conn., 434s 19.000 Holyoke 4s 15.000 Jersey City, N. J., 434s 25.000 Lawrence 4s 10.000 Lorain, 0., 5s 54,080 Lowell 4s 3,650 Lowell 434s 23.000 Lynn 4s 15.000 Lynn 434s 36.000 Malden 334s 39,400 Malden 4s 22.000 Marlborough 4s 17.000 Melrose 4s 5.000 Milwaukee, Wis., 434s 50.000 Minneapolis, Minn., 4s 38.000 New Bedford 4s 15.000 New Haven, Conn., 4s 12.000 New London, Conn., 4s 21.000 Newport, R. I., 4s 10.000 Newton 4s 20.000 No. Adams 4s 25.000 Oshkosh, Wis., 434s 10.000 Pittsburgh, Pa., 4s 4.000 Pittsburgh 434s 9.000 Pittsfield 434s 15.000 Portland, Ore., 6s 67.000 Quincy 4s 10.000 Revere 334s 16,200 Revere 4s 7.000 Saginaw, Mich., 4s 45.000 Salem 4s 5.000 Salem 434s 9.000 Springfield 4s 50.000 Toledo, 0., 4J4s 15.000 Troy, N. Y., 4s Par Value. $9,000 Waltham 4s 2.000 Woburn 434s 20.000 Woonsocket, R. I., 434s 30.000 Worcester 334s 10.000 Worcester 4s 20.000 Arlington 4}4s 20.000 Belmont 4s 23.500 Bourne 4s 21.000 Bourne 4%s 5,600 Clinton 4s 10.000 Dedham 4s 2.000 Eastport, Me., 4s 6.000 Franklin 4s 13.000 Greenfield 434s 2.000 Lexington 4s 15.000 Meriden, Conn., 4s 5.000 Methuen 4s 10.000 Old Orchard, Me., 4s 9.000 Orange 4s 32,200 Plymouth 4s 7.000 Rockport 4s 4.000 Saugus 4s 4,500 Saugus 434s 5.000 Sharon 4s 6.000 Stoneham 4s 4.000 Wakefield 4s 11.000 Winchester 4s 25.000 Winthrop 3%s 10.000 Wrentham 4s P u b lic F u n d s , N o te s . $12,000 Blackstone 334s 8.000 Everett 4s 2.000 Brewster 4s 20.000 Concord 334s 6.000 Concord 4s 32.000 Easthampton 4s 35,700 Hull 4s 4.000 Ipswich 4s 20.000 Lenox 3.30% 20.000 Lowell 4s 25.000 Lynn 3s 2.000 Lynnfield 4s 6.000 Lynnfield 3}4s 25.000 Melrose 334s 16.000 Norwood 4s 7.000 Provincetown 4s 4.000 Salisbury 4s 5.000 Saugus 434s 10.000 Scituate 234s 4.000 Stoneham 4s 6,300 Ware 4s Railroad Bonds. $17,000 Atch., Top. & Santa Fé 4s 25.000 Baltimore & Ohio 3J4s 30.000 Baltimore & Ohio 4s D a t e s o p E x a m in a t io n , May 4-8. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $15,000 Bangor & Aroostook 5s 75.000 Boston & Albany 4s 25.000 Boston & Albany 5s 14.000 Boston & Maine 3s 23.000 Boston & Maine 4s 20.000 Boston & Maine 434s 15.000 Boston & Providence 4s 10.000 Boston, R. B. & Lynn 4J4s 50.000 C.,B.&Q. 334s 10.000 C., B. & Q. 4s 85.000 Chic., Mil. & St. Paul 5s 15.000 Chic., St. P., Minn. & O. 6s 45.000 Chic. & Northw. 4s 30.000 Concord & Montreal 4s 15.000 Danbury & Norwalk 4s 25.000 Fre., Elk. & Mo. Val. 6s 25.000 Great Northern 4J4s 31.000 Illinois Central 3j4s 20.000 Illinois Central 4s 5.000 Lake Shore & Mich. So. 4s 25.000 Maine Central 434s 15.000 Michigan Central 334s 15.000 Minn., Sit. St. Marie & At. 4s 60.000 N. Y. Cent. & H. River 334s 25.000 N. Y. Cent. & H. River 4s 5.000 N. Y., Lack. & Western 6s 50.000 N. Y„ N. H. & H. 334s 30.000 N. Y., N. H. & H. 4s 50.000 Old Colony 4s 5.000 Peterboro & Hillsboro 4}4s 25.000 Portland & Ogdensburg 434s 15.000 St. Paul, Minn. & Man. 434s 25.000 Wore., Nash. & Roch. 4s S tre e t R a ilw a y B o n d s. $25,000 Boston & Northern 4s 8.000 Brock., Bridgw. & Taun. 5s 13.000 East Middlesex 4s 20.000 Leom., Shirley & Ayer 5s 9.000 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 79.000 West End 4s 21.000 West End 4}4s 35.000 West End 5s 30.000 Worcester Con. 434s 7.000 Worcester & Marlboro 5s B a n k S to ck s. 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 68 First Nl. Bk., Malden 202 REPO RT OF THE [Pub. Doc. MARBLEHEAD SAVINGS BANK, MARBLEHEAD. 153 W A S H I N G T O N Incorporated March 18, 1871. STREET. Number of corporators, 63;' number of trustees, 19. J oh n L . G i l b e r t , President. W il l ia m F . N u t t in g , Treasurer. J o h n G . B r o u g h t o n , Clerk of the Corporation. Board of Trustees: W . E . B o w d e n , 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 y , E . S. D o a n e , J. L. G i l b e r t , 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. W o r m st e a d . Board of Investment: J. L. G i l b e r t , E v e r e t t P a in e , G ir d l e r St a c e y , W. A. B r o w n , E. D . T u t t . Auditing Committee: J. L. G il 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, May, August and November; dividends are pay able May 1 and November 1. Business hours: 8.30 a .m . to 1 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916, A s s e ts . 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 . . . . . . . 150 loans on real estate (average of each, $2,058.56) . . . . . . . 8 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $10,000; assessed value, $2,300) . . Real estate by foreclosure, etc. (assessed value, $2,450) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T o t a l A s s e ts $119,000 00 60,440 00 47,329 00 10,995 00 3,800 00 6,000 00 308,783 00 95,950 00 7,200 00 2,768 60 25 03 53,272 21 1,569 32 $717,132 16 L ia b ilitie s . Due depositors on 2,105 accounts, averaging $318.11 each (Accounts opened during year, 317; closed, 137; increase, 180) Surplus: — a. Guaranty fund {8.66% of deposits; increase during year, $1,575.17) . b. Profit and loss {decrease during year, $2,152.86) . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . $669,631 07 24,518 66 22,982 43 $717,132 16 No. 8.1 B AN K COMMISSIONER. 203 T o t a l E xp en ses fo r t h e T e a r , in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Amount paid for $729.21 $1,090.00 $58.31 Cost per $1,000 of assets 1.02 1.52 .08 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $135.50 $436.73 $2,449.75 .19 .61 3.42 . . 2.32 Gross income received during the year, $29,070.22. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 1 % ). Real estate loans (average rate, 5.11 per cent.): 4)4%, $3,500; 5%, $264,165; 5)4%, $11,100; 6%, $30,018. Personal loans (average rate, 4.59 per cent.): 4%, $15,000; 434%., $45,000; 4% %, $21,000; 6%, $14,950. Bonds, stocks, etc. (average rate on amounts invested, 4.51 per cent.): 4%, $149,000; 4)4%., $52,000; 5%, $53,000; 6%, $3,800. Number of loans not over $3,000 each, 134, amounting to $174,033. 30 real estate loans made during year, amounting to $75,290. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 2,350, amounting to $11,329 08 12,064 01 149,178 02 Number of withdrawals during year, 1,279, amounting to $172,571 11 89,675 50 Net increase in amount due depositors SCH EDU LE . OF . . S E C U R IT IE S P u b lic F u n d s, B o n d s. Par Value. $13,000 Attleboro 4s 10.000 Boston 4s 15.000 Fall River 4s 10.000 Holyoke 4%s 7.000 Lawrence 4s 9.000 Lincoln 4s 5.000 Lynn 4s 10.000 Marlborough 4s 15.000 Salem 4s 5.000 Mansfield 4s 12.000 Shelburne Falls 4s 8.000 Stoughton 4s OW NED. S tr e e t R a ilw a y B o n d s . R a ilr o a d B o n d s . Par Value. $7,000 Boston Elevated 4)4s 13.000 Boston Elevated 5s 5.000 Boston & Northern 4s 12.000 Lowell, Law. & Hav. 5s 5.000 Lynn & Boston 5s 6.000 West End 5s Par Value. $10,000 Baltimore & Ohio 4s 10,000 Baltimore & Ohio 4}4s 3.000 Boston & Maine 4s 10.000 Chic., Mil. & St. Paul 4J4s 5.000 Fitchburg 5s 10,000 Maine Central 4 34s 5.000 N. Y. Cent. & Hud. River 4s B a n k S to c k s. 5.000 Upper Coos 4s Shs. 5.000 Upper Coos 434s 20 Mt. Vernon Nl. Bk., Boston 54 Marblehead Nl. Bk. 38 Nl. Grand Bk., Marblehead D a t e s of E x a m in a t io n a n d A u d it , November 15-20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $82,895 61 [Pub. Doc. REPO RT OF THE 204 MARLBOROUGH SAVINGS BANK, MARLBOROUGH. 32 Incorporated April 3, 1860. M E C H A N IC STREET. Number of corporators, 51; number of trustees, 20. C h a r l e s F . R o b in s o n , President. H e r b e r t M . H a z e l t o n , Clerk of the Corporation. C h a r l e s F . H o l y o k e , Treasurer. L e r o y M . C r a i g , Assistant Treasurer. 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 Wednesday of January, April, July and October; dividends are payable the third Wednesday of January and July. Business hours: 9 a .m . to 3 p . m . ; Saturdays, 9 a .m . to 12.30 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 537 loans on real estate (average of each, $2,864.87) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . $1,538,436 00 1,650 00 --------------------24 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $37,500; assessed value, $36,395) . . Real estate by foreclosure, etc. (assessed value, $7,280) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $433,400 00 898,075 00 156,862 50 75,000 00 64,687 50 142,048 92 1,536,786 138,935 33,881 5,206 418 69,600 4,950 00 00 25 59 78 84 33 s s e t s ...............................................$3,559,852 71 L ia b ilit ie s . Due depositors on 9,256 accounts, averaging $357.42 each . . . . . {Accounts opened during year, 1,169; closed, 918; increase, 251) Surplus: — . a. Guaranty fund {4.97% of deposits; increase during year, $7,936.30) . h. Profit and loss {increase during year, $6,329.79) . . . . . . Current income: —• а. Interest . . . . . . . $30,189 83 б. R e n t .......................................................... 1,026 00 --------------------$31,215 83 $3,412 59 Less current expenses not charged off 786 13 Less State or local taxes not charged off -------------4,198 72 164,451 05 59,258 68 27,017 11 868 35 Suspense account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $3,308,257 52 T o t a l L ia b ilitie s . . $ 3,559,852 71 No. 8.] 205 BAN K COMMISSIONER. T o t a l E xp en ses fo r t h e T e a r , in c lu d in g S ta te T a xes. » Advertising. Other Expenses. Total. State Tax (Net). Salaries. Rent. $109.91 $1,201.09 $15,522.10 Amount paid for $6,023.60 $6,387.50 $1,800.00 .03 .34 4.35 Cos* per $1,000 of assets 1.69 1.79 .50 ....................................... 2.16 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $157,537.15. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 6 % ). Real estate loans (average rate, 5.06 per cent.): 4%, $101,500; 4J£%, $250,950; 4%%, $14,500 ; 5%, $769,972; 5H%, $162,361; 6%, $237,503. Personal loans (average rate, 4.57 per cent.): 414%, $70,000 ; 4J^%, $15,000; 5%, $53,150; 5J^%, $600; 6%, $185. Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3%, $10,000; 3^4%, $262,000; 3VS%, $21,000; 4%, $921,000; 4 ^ % , $243,400; 5%, $183,700; 6%, $27,700; 8%, $58,000; 10%, $11,500; 12%, $800; 16%, $11,500. Number of loans not over $3,000 each, 435, amounting to $510,681. 64 real estate loans made during year, amounting to $153,053. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during ydar: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 8,648, amounting to . . Number of withdrawals during year, 6,554, amounting to Net increase in amount due depositors SCH EDU LE Public Funds, Bonds. . OF . . . . S E C U R IT IE S R a ilr o a d B o n d s . . . . . . ....................................... . . . . . . . . . $60,388 39 62,659 12 604,133 21 . $727,180 72 558,185 84 . $168,994 88 OW NED. Par Value. $25,000 No. Maine Seaport 5s Par Value. Par Value. 45.000 Old Colony 4s $10,000 Baltimore & Ohio 4s $20,000 Massachusetts 4s 10.000 Pennsylvania 4}4s 25.000 Boston 4s 30.000 Baltimore & Ohio 4)^s 30.000 Pitts., Vir. & C. 4s 10.000 Bristol Co. 4s 10.000 Baltimore & Ohio 5s 15.000 Port. & Ogdens. 4}^s 10.000 Beverly 3}^s 14.000 Bangor & Aroostook 5s 10.000 Vermont Valley 4bi>s 20.000 Boston & Albany 3}4s 15.000 Brockton 4s 10.000 Washington Co. 3J^s 35.000 Boston & Albany 4s 10.000 Chelsea 4s 10.000 Wore., Nashua & R. 4s 15.000 Boston & Albany 5s 25.000 Fall River 4s 20.000 Boston & Lowell 4 J^s 20.000 Fitchburg 4s 15.000 Boston & Maine 3H>s 7.000 Lewiston, Me., 5s S tr e e t R a ilw a y B o n d s . 47.000 Boston & Maine 4s 25.000 Los Angeles, Cal., 4)^s $42,000 Boston Elevated 4s 40.000 Boston & N. Y. Air L. 4s 25.000 New Bedford 4s 33.000 Boston Elevated 4)^s 50.000 C„ B. & Q. 3^s 2.000 Quincy 4s 25.000 Boston & Northern 4s 20.000 C., B. & Q. 4s 7.000 Portland, Ore., 6s 25.000 Georgetown, Row. & Ips. 5s 10.000 Chic., Mil. & St. Paul 4s 25.000 San Francisco, Cal., 5s 10.000 Old Colony 4s 20.000 Chic., Mil. & St. Paul 4}4s 25.000 Spokane, Wash.,4Ks 25.000 West End 5s 20.000 Springfield, Mo., 5s 25.000 C., R. I. & P. 4s 25.000 Delaware & Hudson Co. 4s 15.000 Worcester 3Ms B a n k S to ck s. 10.000 Fitchburg 3J^s 5.000 Worcester 4s Shs. 20.000 Fitchburg 4s 12.000 Arlington 4s 12 Boylston Nl. Bk., Boston 10.000 Illinois Central 3s 10.000 Attleborough 4s 115 First Nl. Bk., Boston 35.000 Illinois Central 15.000 Leominster 4s 12 Fourth-Atlantic Nl. Bk., Boston 30.000 Illinois Central 4s 47.000 Natick 4s 65 Merchants Nl. Bk., Boston 30.000 Lake Shore & Mich So. 4s 7.000 Warwick, R. I., 4J^s 357 Nl. Shawmut Bk., Boston 10.000 Louisville & Nashville 4s 10.000 Wellesley 4s 25 Nl. Union Bk., Boston 5,000 Louisville & Nashville 4Hs 10.000 Br. & Tops., Me. (W. D.),4s 8 Second Nl. Bk., Boston 15.000 Louisville & Nashville 5s 50 Webster & Atlas Nl. Bk., Boston 35.000 Maine Central 4)^s 15 First Nl. Bk., Clinton 20.000 Minn., St. P. & Sit. St. M.4s P u b lic F u n d s , N o te s . 107 First Nl. Bk., Marlborough 25.000 N. Y. C. & H. R. 4s 100 Peoples Nl. Bk., Marlborough 20.000 N. Y. & N. Eng. Term. 4s $8,400 Marlborough 4J^s * 136 Merchants Nl. Bk., Worcester 20.000 N. Y„ N. H. & H. 3^s 21,000 Hudson 3J^s 50 Worcester Nl. Bk. 60.000 N. Y..N. H. & H. 4s 2,000 Plymouth 3)^s D a t e s o f E x a m in a t io n a n d A u d it , November 2-8. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 206 [Pub. Doc. REPO RT OF TH E MARSHFIELD SAVINGS BANK, MARSHFIELD. C O R N E R M A IN A N D P L A IN S T R E E T S . Incorporated July 5, 1910. Number of corporators, 41; number of trustees, 21. L e w is W . H a l l , President. F r a n c is T . H a r l o w , Clerk of the Corporation. M . H e r m a n K e n t , Treasurer. O sc a r S t e v e n s , Assistant Treasurer. Board of 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 , S. T. S p r a g u e , J. B. S w i f t , O sc a r S t e v e n s , G. H . T h o m a s . Board of 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 a r t l e t t . 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 . STATEM ENT OP C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . . . . American Tel. & Tel. Co. bonds . . . . 66 loans on real estate {average of each, $834-36) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $55,190 50 123 12 4 loans on personal security . . . . . Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies $11,995 5,860 3,867 1,852 1,851 43 00 50 50 25 55,067 2,600 5 657 38 00 60 20 $83,756 86 T o t a l A s s e ts L i a b ilit ie s . Due depositors on 313 accounts, averaging $256.83 each . . . . (Accounts opened during year, 33; closed, 16; increase, 17) Surplus: — a. Guaranty fund {.89% of deposits; increase during year, $192.79) b. Profit and loss (increase during year, $763.33) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . . . $80,390 20 . . 721 51 1,394 95 $1,374 67 153 54 1,221 13 29 07 Suspense account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . . . $83,756 86 No. 8.] BANK COMMISSIONER. 207 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $101.53 $145.90 $10.00 $37.00 $155.65 $450.08 Cost per $1,000 of assets 1.21 1.74 .12 . 44 1.86 5.37 Cost per $1,000 of assets not including State tax and rent . . . . . . 4.04 Gross income received during the year, $4,511.30. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 5 .3 8 % ). Real estate loans (average rate, 5.91 per cent.): 5%, $4,700 ; 6%, $50,367.38. Personal loans (average rate, 4.80 per cent.): 4J^%, $1,500; 5%, $850; 6%, $250. Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cent.): 3}4%, $4,000; 4%, $12,000; 4)4%, $1,000; 4V2%, $5,000; 5%, $4,000. Number of loans not over $3,000 each, 69, amounting to $53,090.50. 11 real estate loans made during year, amounting to $10,700. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 260, amounting to Number of withdrawals during year, 135, amounting to $1,407 05 1,536 97 15,997 60 . . . . . . Net increase in amount due depositors SCH EDULE P u b lic F u n d s , B o n d s . Par Value. $2,000 Massachusetts 3}^s 2.000 New Bedford 4s 2.000 New London, Conn., 4s 5.000 Seattle, Wash., 4J£s 1.000 Meriden, Conn., 43As $8,256 49 OF S E C U R IT IE S R a ilr o a d B o n d s . Par Value. $1,000 Baltimore & Ohio 5s 1.000 Boston & Albany 4s 1.000 Chic., Mil. & St. Paul 5s 1.000 N. Y„ N. H. & H. 4s 2.000 Southern Pacific 4s D a t e s o r E x a m in a t io n a n d A u d it , June 22-26. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $18,941 62 10,685 13 OW NED. S tr e e t R a ilw a y B o n d s . Par Value. $2,000 West End 4s 2,000 West End 5s 208 REPO RT OF THE [Pub. Doc. MECHANICS SAVINGS BANK, HOLYOKE. 3 4 5 -3 4 7 D W I G H T Incorporated March 16, 1872. STREET. Number of corporators, 50; number of trustees, 17. H e n r y E . G a y l o r d , President. I sa a c E . Sa w y e r ,’ Treasurer, N a t h a n P . A v e r y , 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 in , 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 in t o s h , J. S. M cE l w a in , 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 in n e r , F . M . S m it 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 in 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 e b b e r , C . P. R a n d a l l . Deposits draw interest from first day of February, May, August and November; dividends are pay able after third Monday in May 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 673 loans on real estate (average of each, 83,963.30) . 74 loans on personal security . . . . . Furniture and fixtures . . . . Real estate by foreclosure, etc. (assessed value, $16,24-0) Deposits in national banks or trust companies . $425,002 476,515 156,895 71,870 104,917 6,200 2,667,300 201,182 9,000 16,029 180,619 20,023 . T o t a l A s s e ts 15 80 00 75 00 00 00 00 00 5367 68 $4,335,555 58 L ia b ilit ie s . Due depositors on 7,579 accounts, averaging $520.70 each (Accounts opened during year, 1,634.; closed, 991; increase, 543) Surplus: — a. Guaranty fund (4-78% of deposits; increase during year, $13,314) 6. Profit and loss (increase during year, $6,389.39) Current income: —1 Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $3,946,391 53 188,800 00 109,629 06 $96,636 47 5,901 48 90,734 99 T o t a l L ia b ilitie s . . $4,335,555 58 No. 8.] B AN K COMMISSIONER. 209 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Total. Advertising. Other Expenses. State.Tax (Net). Salaries. Rent. $17,418.71 Amount paid for $4,364.16 $8,246.67 $1,750.00 $198.37 $2,859.51 4.01 Cost per $1,000 of assets 1.01 1.90 .40 .04 .66 2.60 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $190,042.53. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 1 % ). Real estate loans (average rate, 4.98 per cent.): 4M%. $98,500; 5%, $2,566,750; 6%, $2,050. Personal loans (average rate, 5.09 per cent.): 4M%i $10,000; 5%, $164,632; 5M%, $3,050; 6%, $23,500. Bonds, stocks, etc. (average rate on amounts invested, 4.40 per cent.): 3M%> $93,000; 3M%t $25,000; 4%, $701,500; 4M%, $10,000; 4M%, $167,000; 5%, $169,200; 6%, $40,000; 7%, $5,000; 8%, $27,200; 10%, $5,300; 16%, $2,900. Number of loans not over $3,000 each, 518, amounting to $779,090. 62 real estate loans made during year, amounting to $393,300. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $67,928 07 71,170 58 852,353 67 Ordinary dividends declared during year: Nov. 1915, 2% May, 1916, 2% Number of deposits during year, 13,207, amounting to Number of withdrawals during year, 6,537, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $25,000 Massachusetts 3Ms 10.000 Massachusetts 4s 35.000 Boston 4s 5.000 Chicago, 111., 4s 5.000 Chicago, 111., 4 Ms 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 Ms 81.000 Holyoke 4s 10.000 Los Angeles, Cal., 4Ms 1.000 Milwaukee, Wis:, 3LiSs 2.000 Milwaukee, Wis., 4s 1.000 Milwaukee, Wis.,4Ms 20.000 Omaha, Neb., 4Ms 25.000 Seattle, Wash., 5s 2.000 St. Louis, Mo., 4s 24.000 St. Paul, Minn., 4Ms 3.000 Brookline 3Ms 11.000 Easthampton 4s OF . . . . S E C U R IT IE S . . . . . . $991,452 32 610,156 64 . $381,295 68 OW NED. Public Funds, Notes. Par Value. $50,000 Holyoke 3Ms 25.000 Holyoke 3Ms 25.000 Holyoke 4s 4.000 Granby 3Ms 6,500 South Hadley (F. D.), 4s 15.000 South Hadley 4s Railroad Bonds. $10,000 Atch., Top. & Santa F6 4s 10.000 Baltimore & Ohio 3Ms 10.000 Bangor & Aroostook 5s 75.000 Boston & Albany 4s 10.000 Boston & Lowell 4Ms 35.000 Boston & Maine 4s 22.000 Boston & Maine 4Ms 60.000 C.,B. &Q. 4s 10.000 Chic., Mil. & St. Paul 4s 10.000 Chic., Mil. & St. Paul 4Ms 30.000 Chicago & Northw. 4s 16.000 Chicago, R. I. & Pac. 4s 18.000 Fitchburg 4s 10.000 Holyoke & Westfield 4Ms 40.000 Illinois Central 4s D a t e s o f E x a m in a t io n , May 25, 26. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Par Value. $10,000 Louisville & Nashville 4s 10.000 Maine Central 4Mb 20.000 New York C. & H. R. 4s 45.000 N. Y„ N. H. & H. 4s 5.000 No. Maine Seaport 5s 35.000 Pennsylvania 4Ms S tr e e t R a ilw a y B o n d s . $15,000 Boston Elevated 4s 40.000 Boston Elevated 5s 25.000 Boston & Northern 4s 41,200 Holyoke 5s 3.000 Springfield 4s 10.000 West End 4Ms 25.000 West End 5s B a n k S to c k s. Shs. 29 First Nl. Bk., Boston 400 City Nl. Bk., Holyoke 272 Hadley Falls Nl. Bk., Holyoke 3 Holyoke Nl. Bk. 50 Home Nl. Bk., Holyoke 50 Third Nl. Bk., Springfield 210 REPO RT OF TH E [Pub. Doc. MECHANICS SAVINGS BANK, LOWELL. 202 M E R R I M A C K Incorporated March 1, 1861. STREET. Number of corporators, 37; number of trustees, 21. A l e x a n d e r G. C u m n o c k , President. C h a r l e s H . C l o g st o n , Treasurer. H a v e n G. H i l l , Clerk of the Corporation. Board of Trustees: J. C. B e n n e t t , E. N. B u r k e , C. H . C l o g st o n , A. G. C u m n o c k , F . A. F l a t h e r , F r a n k H a n c h e t t , A. E. H a t c h , H . G. H i l l , A. D. M i l l ik e n , W . A. M it c h e l l , C. H. N e l s o n , N . G. N o r c r o ss , H . H . P a r k e r , W . L . P a r k e r , M . A. R a w l in s o n , J. J. R o g e r s , J. F . S a w y 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. 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 st o n . Auditing Committee: N. G. N o r c r o ss , 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 Monday following the first Saturday of June and December. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 7 to 9 r .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 427 loans on real estate {average of each, $5,717.78) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,463,542 27 . . 22,050 00 --------------------17 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $70,000; assessed value, $69,750) . . Deposits in national banks or trust companies . . . . . . . Cash . .................................................................................................................... $441,500 00 594,325 00 194,580 00 68,218 75 3,900 0Q 2,441,492 27 347,994 00 66,000 00 18,864 15 4,827 62 T o t a l A s s e t s ............................................... $4,181,701 79 L ia b ilit ie s . Due depositors on 6,341 accounts, averaging $616.29 each (Accounts opened during year, 688; closed, 460; increase, 228) Surplus: — a. Guaranty fund (5.01% of deposits; increase during year, $11,611.70) b. Profit and loss (increase during year, $2,924.14) . . . . Current income: — a. Interest . . . . . . . $52,866 08 b. R e n t .......................................................... 1,261 58 $54,127 66 Less current expenses not charged off $4,266 43 Less State or local taxes not charged off 1,481 95 5,748 38 195,656 74 27,467 90 48,379 28 2,256 86 Reserved for interest and taxes https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $3,907,941 01 T o t a l L ia b ilitie s . . $4,181,701 79 No. 8.] 211 BAN K COMMISSIONER. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Amount paid for $6,901.29 $8,303.02 Cost per $1,000 of assets 1.65 1.98 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $740.60 $1,510.45 $17,455.36 .17 .36 4.16 2.51 Gross income received during the year, $179,445.16. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 1 % ). Real estate loans (average rate, 4.98 per cent.): 4%, $4,000; 43^3%, $199,400; 5%, $2,133,982.27; 53£%, $30,000; 53^%, $50,000; 6%, $24,110. Personal loans (average rate, 4.16 per cent.): 4%, $175,000 ; 43£%, $125,000; 43^%, $45,530; 4M%> $1,464; 5%, $900; 6%, $100. Bonds, stocks, etc. (average rate on amounts invested, 4.05 per cent.): 3%, $25,000; 334%, $250,000; 4%, $926,000; 434%, $90,000; 5%, $20,000; 6%, $14,500; 8%, $3,900. Number of loans not over $3,000 each, 239, amounting to $336,389.08. 89 real estate loans made during year, amounting to $647,250. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2% Number of deposits during year, 4,999, amounting to $71,837 36 74,193 77 532,158 33 Number of withdrawals during year, 4,587, amounting to $678,189 46 451,038 89 $227,150 57 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $40,000 Allegheny, Pa., 334s 50.000 Boston 4s 75.000 Cambridge 334s 25.000 Chicago, 111., 4s 16.000 Lawrence 4s 20.000 Marlborough 4s 50.000 New Bedford 4s 10.000 Peoria, 111., 4s 14,500 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 334s 16.000 Peabody 4s 31.000 Wakefield 4s OF OW NED. Par Value. $25,000 Baltimore & Ohio 4s 40.000 Boston & Maine 4s 25.000 Boston & Maine 434s 50.000 C., B. & Q. 334s 10.000 Chic., Mil. & St. P. 434s 21.000 Chic. & Northwestern 4s 50.000 Concord & Montreal 4s 20.000 Delaware & Hudson Co. 4s 10.000 Fitchburg 4s 20.000 Fitchburg 5s, notes 25.000 Illinois Central 3s 25.000 Illinois Central 4s 15.000 Maine Central 434s 25.000 Minn., St. P. & Sit. St. M. 4s 10.000 New England 4s 25.000 N. Y. C.&H. R. 334s D a t e s o f E x a m in a t io n , January 19-21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S E C U R IT IE S R a ilr o a d B o n d s . $50,(KK)'n '. Y., N. H. & H. 3328 65.000 N. Y., N. H. & H. 4s 30.000 Old Colony 4s 40.000 Pennsylvania 434s 30.000 Portland Terminal Co. 4s S tr e e t R a ilw a y B o n d s . $150,000 Boston Elevated 4s 22.000 Boston & Northern 4s 25.000 West End 4s B an k . S t o c k s . Shs. 39 Union Nl. Bk., Lowell 212 [Pub. Doc REPO RT OF TH E MECHANICS SAVINGS BANK, READING. 194 M A I N Incorporated March 20, 1891. STREET. Number of corporators, 25; number of trustees, 12. C h a r l e s H . N o w e l l , President. L e w is M . B a n c r o f t , Treasurer. E d g a r N . H u n t , 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 it c h e l l , M . E. N ic 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 pto n. 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 , O. L . A k e r l e y , J a co b M it c h e l l . 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 for deposits only, 7.30 to 9 p . m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 211 loans on real estate {average of each, SI,711.88) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40 88 00 50 2,100 00 . . $365,745 80 4,550 00 361,195 80 11,600 00 500 00 5 loans on personal security . . . Furniture and fixtures . Suspense account . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . T ota l A $59,940 90,771 7,775 9,267 10 00 13,601 50 1,549 38 s s e t s ............................................... $558,311 46 L ia b ilit ie s . Due depositors on 2,708 accounts, averaging $193.83 each . . . . . (Accounts opened during year, 582; closed, 254; increase, 828) Surplus: — a. Guaranty fund (2.68% of deposits; increase during year, $1,236.95) . . b. Profit and loss (increase during year, $529.04) . . . . . . Current income: — a. Interest . . . . . . . $10,141 21 b. Rent . . . . . . . 100 00 --------------------$10,241 21 Less current expenses not charged off . . . . 687 84 --------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $524,884 84 13,795 99 10,077 26 9,553 37 T o t a l L i a b i l i t i e s ...............................................$558,311 46 BAN K COMMISSIONER. No. 8. 213 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Rent. State Tax (Net). Salaries. Amount paid for $600.75 $744.00 $480.00 Cost per $1,000 of assets 1.08 1.33 .86 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $417.46 $2,322.54 $80.33 .75 4.16 .14 2.22 Gross income received during the year, $24,059.92. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 6 % ). Real estate loans (average rate, 5.03 per cent.): 4%, $1,200; 5%, $347,565.80; 5M%, $700; 6%, $11,730. Personal loans (average rate, 5.08 per cent.): 5%, $10,650; 6%, $950. Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3%, $10,000; 3J^%, $10,000; 4%, $117,850; 4V2%, $1,750 ; 5%, $33,000. Number of loans not over $3,000 each, 196, amounting to $267,895.80. 34 real estate loans made during year, amounting to $79,275. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2% Number of deposits during year, 4,634, amounting to $8,607 46 9,162 02 176,794 14 ' . $194,563 62 126,724 12 Number of withdrawals during year, 2,230, amounting to $67,839 50 Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s. Par Value. $16,000 Boston 4s 10.000 New Bedford 4s 16.000 Reading 4s 6,000 Dracut (W. D.), 4s P u b lic F u n d s , N o te s . $4,750 North Reading 4s 1,750 No. Reading 4J^s 5,000 Reading 4s OF Par Value. $13,000 Bangor & Aroostook 5s 5.000 Boston & Maine 4s 1.000 Fitchburg 4s 10.000 Illinois Central 3s 5.000 Illinois Central 4s 12.000 N. Y. C.&H. R. 4s 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 D a t e o f E x a m in a t io n , February 16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis S E C U R IT IE S R a ilr o a d B o n d s . OW NED. Par Value. $5,000 Sioux City & Pacific 3h£s 1.000 Upper Coos 4s S tr e e t R a ilw a y B o n d s . $5,000 Boston Elevated 4s 3.000 Boston & Northern 4s B a n k S to ck s. Shs. 21 First Nl. Bk., Reading 214 REPO RT OF THE [Pub. Doc. MEDFORD SAVINGS BANK, MEDFORD. 29 H I G H Incorporated February 26, 1869. STREET. Number of corporators, 78; number of trustees, 19. J. G il m a n W a it e , Clerk of the Corporation. rd of Trustees: H. Board H . B . B a l l o u , C. M. B r e bw er b , J. A. C h a p in , E. E. E l d e b , G. O. F o s t e b , J. E. G a t e s , S id n e y G l e a s o n , A. D. H a l l , H . A. H a n s c o m , W W.. N. H om o m :e r , R . B . L a w r e n c e , W. B . L aw rence, W G . W a it e , W. C. W a it , H . A . W.. P P.. M a r t in , E. S. R a n d a l l , J. W W.. R o c k w e l l , J. G. W il k in s o n , I. O . W r ig h t . Board of Investment: G . O. F o s t e r , E . S. R a n d a l l , A. D. H a l l , S id n e y G l e a s o n , H . A. H a n s c o m . Auditing Committee: J. A. C h a p in , 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, May, August and November; dividends are payable the second Saturday of May and November. Business hours: 8 a .m . to 3 p .m .; Saturdays, 8 a .m . to 12 m .; 7 to 9 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Stocks of banks and trust companies . . . 910 loans on real estate {average of each, $2,258.51) . Less amount due on uncompleted loans . . . . . . . . . . . $2,065,850 00 10,600 00 ---------------------10 loans on personal security . . .• . . . . . . Bank building and fixtures (estimated value, $24,550; assessed value, $24,550) . . Real estate by foreclosure, etc. (assessed value, $11,200) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . .■ . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . $140,000 00 784,595 00 125,000 00 24,000 00 2,055,250 00 108,000 00 5,000 00 6,814 18 15 00 89,358 36 5,269 64 s s e t s ...............................................$3,3 43 ,3 0 2 18 L ia b ilitie s . Due depositors on 9,954 accounts, averaging $303.43 each . . . (Accounts opened during year, 1,368; closed, 969; increase, 399) Surplus: — а. Guaranty fund {4-87% of deposits; increase during year, $6,700) . б. Profit and loss {increase during year, $8,114-48) . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . $3,020,396 06 . 147,200 00 175,706 12 T o t a l L i a b i l i t i e s ...............................................$ 3,343,302 18 BAN K COMMISSIONER. No. 8.] 215 T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a x e s . State Tax (Net). Salaries. Rent. Amount paid for S3,697.75 S6.970.60 $1,500.00 .44 Cost per $1,000 of assets 1.10 2.08 Cost per SI,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $867.45 $2,380.63 $15,416.43 .25 .71 4.58 3.04 Gross income received during the year, $152,540.57. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 6 % ). Real estate loans (average rate, 5.01 per cent.): 4%, $1,100; 4)4%, $15,500; 5%, $2,002,000; 5)4%: $17,600; 6%, $19,050. Personal loans (average rate, 4.19 per cent.): 4%, $50,000 ; 4)4%, $50,000; 5%, $7,400; 6%, $600. Bonds, stocks, etc. (average rate on amounts invested, 4.62 per cent.): 3%, $30,000; 3)4%, $143,000; 4%, $345,000; 4)4%, $249,000; 5%, $204,000; 6%, $65,000; 7%, $35,000; 8%, $16,000; 12%, $ 8 ,000. Number of loans not over $3,000 each, 719, amounting to $1,213,100. 112 real estate loans made during year, amounting to $306,750. D iv id e n d s , D e p o s it s a n d W i t h d r a w a l s . Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2 % Number of deposits during year, 12,339, amounting to . Number of withdrawals during year, 7,591, amounting to . . . . . . ....................................... . . . . . . . Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . 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 R a ilr o a d B o n d s . $15,000 Baltimore & Ohio 5s 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. 3)4s 25.000 Chicago, Mil. & St. P. 5s 25.000 Chic. & Northw. 4s $669,466 81 460,055 51 $209,411 30 OF S E C U R IT IE S OW NED. Par Value. $24,000 Chic. & Northw. 5s 15.000 Cleve., Lorain & Wheeling 49.000 Cleveland & Pitts. 4)4s 25.000 Concord & Montreal 4s 30.000 Detroit & Bay City 5s 10.000 Dexter & Piscataquis 4s 25.000 Fre., Elk. & I^o. Valley 6s 35.000 Fitchburg 4s 25.000 Fitchburg 4)4s 30.000 Illinois Central 3s 15.000 Kal., Alle. & Gr. R. 5s 25.000 Maine Central 4)4s 40.000 New Orleans & Mobile 6s 50.000 N. Y„ N. H. & II. 4s 50.000 Port. & Ogdens. 4J4s 10.000 Portland Terminal Co. 4s 30.000 Ports., Gr. F. & Con. 4)4s D a t e s o f E x a m in a t io n ,[February 16, 17. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $53,803 48 55,655 33 560,008 00 Par Value. $18,000 Sioux City & Pac. 334s 25.000 Troy & Boston 7s 25.000 Vermont Valley 4)4s 25.000 Washington Co. 334s 10.000 Winona & St. Peter 7s S tr e e t R a ilw a y B o n d s . $50,000 Boston Elevated 4s 50.000 Lynn & Boston 5s 25.000 Worcester Cons. 4)4s B a n k S to ck s. Shs. 10 Commercial Nl. Bk , Boston 50 Fourth-Atlantic Nl. Bk., Boston 80 Second Nl. Bk., Boston 100 Nl. Shawmut Bk., Boston 216 REPO RT OF THE [Pub. Doc, MEDWAY SAVINGS BANK, MEDWAY. V IL L A G E Incorporated February 20, 1871. STREET. Number of corporators, 26; number of trustees, 20. A d d iso n E. B u l l a r d , President. W il l ia m H . U p t o n , Treasurer W il l ia m N. H it c h c o c k , Clerk of the Corporation. Board of Trustees: G . S. B e n t , A. E. B u l l a r d , G . W . B u l l a r d , F. C . C l a r k , S. G . C l a r k , A. E. C l o u g h , W . N. H it c h c o c k , R . J. H o d g so 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 ic h a r d s o n , S u m n e r R o b b in s , A. L. R u g g l e s , H. W . S h a w , H. II. T h o r n e , W . H. U p t o n . Board of Investment: A. E. B u l l a r d , G. W. B u l l a r d , S. G. C l a r k , F. C. C l a r k , W. L. P a l m e r , E. F. R ic h a r d s o n , H. H. T h o r n e . Auditing Committee: S. G. C l a r k , W. N. H it c h c o c k , W. W. O l l e n d o r f f , G. S. B e n t , G. P . H o l b r o o k . 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 . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . 227 loans on real estate (average of each, $1,769.3If) . 7 loans on personal security . . . . Furniture and fixtures . . . . . . Deposits in national banks or trust companies . . Cash . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $59,558 69 141,960 00 . . . . 10,000 00 . . . . . 8,827 401,642 3,615 2,090 13,953 860 50 00 00 90 88 76 s s e t s ...............................................$642,508 73 L ia b ilitie s . Due depositors on 1,877 accounts, averaging $307.85 each {Accounts opened during year, 210; closed, 142; increase, 68) Surplus: — a. Guaranty fund (4.85% of deposits; increase during year, $1,762.98) . b. Profit and loss {increase during year, $2,488.89) . . . . . . Current income: — Interest . . . . . . . . . . $13,076 83 Less current expenses not charged off . . . . 1,228 86 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $577,843 32 28,046 47 24,770 97 11,847 97 T o t a l L ia b ilitie s . $642,508 73 217 BANK COMMISSIONER. No. 8.] T o t a l E x p en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. Rent. State Tax (Net). Salaries. Amount paid for $857.78 $1,735.00 $330.00 Cost per $1,000 of assets 1.33 2.70 .51 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $850.91 $3,789.44 $15.75 1.32 5.88 .02 4.04 Gross income received during the year, $29,912.13. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .9 9 % ). Real estate loans (average rate, 5.43 per cent.): 5%, $201,935; 5H%, $53,600; 6%, $146,107. Personal loans (average rate, 5.72 per cent.): 5%, $1,000; 6%, $2,615. Bonds, stocks, etc. (average rate on amounts invested, 4.18 per cent.): 3%, $1,000; 3J^%, $46,000; 4%, $120,558.69; 4 ^ % , $22,000; 5%, $31,000; 7%, $3,000. • Number of loans not over $3,000 each, 193, amounting to $238,957. 37 real estate loans made during year, amounting to $84,240. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2% Number of deposits during year, 1,783, amounting to $10,098 75 10,478 30 123,559 29 Number of withdrawals during year, 1,183, amounting to $144,136 34 90,474 27 $53,662 07 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $5,000 Massachusetts 3Ms 5.000 Belfast, Me., 4s 11.000 Boston 4s 5.000 Haverhill 4s 2.000 Minneapolis, Minn., 4J^s 3.000 Springfield, O., 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 S E C U R IT IE S Par Value. $458 Medway 4s 600 Millis 4s R a ilr o a d B o n d s. $5,000 Bangor & Aroostook 5s 2.000 Boston & Lowell 4s 5.000 Boston & Maine 4Ms 3.000 Boston & Providence 4s 10.000 C., B. & Q. 3Ks 6.000 C„ B. & Q. 4s 5.000 Chic. & Northw. 5s 11.000 Concord & Montreal 4s 5.000 Fitchburg 4s D a t e of E x a m in a t io n , March 31. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF P u b lic F u n d s , N o te s . OW NED. Par Value. $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. 3^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. 4Ma 8.000 St. J. & Lake C. 5s 5.000 Washington Co. 3Ms S tr e e t R a ilw a y B o n d s . $10,000 Boston Elevated 4Ms 218 REPO RT OF THE [Pub. Doc. MELROSE SAVINGS BANK, MELROSE. 497 M A I N Incorporated April 5, 1S72. STREET. Number of corporators, 66; number of trustees, 13. y % M o ses S. P a g e , President. H e n r y A. B u s h , Clerk of the Corporation. F r a n k M . H o y t , Treasurer. G e o r g e S. C u r t is s , Assistant Treasurer. Board of Trustees: C . II. A d a m s , F . P . B o w d e n , A . L . C a r r , W . C . G o ss , J. A . H e w e s , W . A . J e p s o n , G . R . J o n e s , C . H . L a n g , Jr., J o h n L a r r a b e e , E . S. P a g e , M . S. P a g e , F . P . S h u m w a y , J. C . F . Sl a y to n . Board of Investment: M . S. P a g e , C . H . A d a m s , J o h n L a r r a b e e , A . L . C a r r . Auditing Committee: F. P. B o w d e n , W. C. G o s s , G . R. J o n e s . Deposits draw interest from first day of January, April, July and October; dividends are payable the third Wednesday of January and July. Business hours: 8 a .m . to 2 p . m .; Saturdays, 8 a . m . to 12 m . and 7 to 9 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1 916. A s s e ts . Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . . American Tel. & Tel. Co. bonds . . . . . 690 loans on real estate {average of each, SI,80S.81) . 70 loans on personal security . . . . . Real estate by foreclosure, etc. (assessed value, $5,4-00) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies . Cash and cash items . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $290,800 318,809 97,495 30,600 1,246,702 738,128 3,672 175 63,069 2,983 . . . . 20 00 85 00 54 56 31 30 29 43 s s e t s ...............................................$2,7 92 ,4 3 6 48 L ia b ilitie s . Due depositors on 9,654 accounts, averaging $259.45 each . . . . (Accounts opened during year, 1,099; closed, 807; increase, 292) Surplus: — а. Guaranty fund (4-93% of deposits; increase during year, $11,898.02) б. Profit and loss (increase during year, $6,652.90) . . . . . Current income: — Interest . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . $2,504,813 05 . . 123,483 40 120,918 23 . 43,221 80 . $ 2,792,436 48 No. 8.] BAN K COMMISSIONER. 219 T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $4,956.51 $5,432.19 $600.00 $391.00 $2,330.07 $13,709.77 Cost per $1,000 of assets 1.77 1.94 .21 .14 .83 4.89 Cost per $1,000 of assets not including State tax and rent . 2.91 Gross income received during the year, $122,557.27. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 0 % ). Real estate loans (average rate, 5.24 per cent.): 4M%, $5,000; 5%, $820,727.65; 5M%, $245,603.94; 6%, $175,370.95. Personal loans (average rate, 4.36 per cent.): 4%, $15,000; 4M%> $15,000; 4J4%, $403,000; 4M%, $295,500; 5%, $5,050; 5 ^ % , $900; 6%, $3,678.56. Bonds, stocks, etc. (average rate on amounts invested, 4.29 per cent.): 3M%, $15,000; 4%, $526,700; 4M%> $10,000; 4M%, $140,000; 5%, $65,000; 6%, $1,000. Number of loans not over $3,000 each, 649, amounting to $1,038,904.73. 64 real estate loans made during year, amounting to $136,225. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 13,212, amounting to $43,773 93 46,021 33 542,691 28 Number of withdrawals during year, 8,432, amounting to $632,486 54 423,305 84 Net increase in amount due depositors SCH EDULE P u b lic F u n d s , B o n d s . Par Value. $500 Augusta, Me., 4s 10.000 Baltimore, Md., 4s 10.000 Belfast, Me., 4s 31.000 Boston 4s 1.000 Duluth, Minn., 4s 2.000 Everett 4s 10.000 Haverhill 3Ms 2,500 Hyde Park 4s 3.000 Lawrence 4s 5.000 Los Angeles, Cal., 4Mb 4.000 Lowell 4s 1.000 Lynn 4s 1.000 Malden 4s 45.000 Melrose 4s 31.000 New Bedford 4s 4.000 Norwalk, Conn., 4s 10.000 Omaha, Neb., 4Mb 5.000 Providence, R. I., 4s 10.000 Quincy 4Ms 5.000 San Francisco, Cal., 4Mb 25.000 San Francisco, Cal., 5s 3.000 Seattle, Wash., 4Ms 2.000 St. Paul, Minn., 4s 1.000 Somerville 4s 15.000 Spokane, Wash., 4Mb OF . . . S E C U R IT IE S . . . . $209,180 70 OW NED. Par Value. $1,000 Taunton 4s 4.000 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 P u b lic F u n d s , N o te s . $19,700 Melrose 4s Par Value. $23,000 Fitchburg 4s 5.000 Fitchburg 4Ms 1.000 F„ Elk. & Mo. V. 6s 10.000 Lake Shore & Mich. So. 4s 10.000 Louisville & Nashville 5s 20.000 Maine Central 4Ms 10.000 Minn., St. P. & Sit. St. M. 4s, 1.000 New England 4s 15.000 N. Y. C. & H. R. 4s 11.000 N. Y., N. H. & H. 4s 5.000 New York & Putnam 4s 10.000 Pennsylvania 4Ms 5.000 Peoria & Northw. 3Ms 5.000 Portland Terminal Co. 4s R a ilr o a d B o n d s . $5,000 Baltimore & Ohio 4Ms 2.000 Baltimore & Ohio 5s 39.000 Boston & Albany 4s 54.000 Boston & Maine 4s 20.000 Boston & Maine 4Ms 24.000 C., B & Q. 4s 10.000 Chic., Mil. & St. Paul 4Ms 5.000 Chic., Mil. & St. Paul 4s 14.000 Chic. & Northw. 4s 5.000 Cleveland Short Line 4Ms 22.000 Concord & Montreal 4s D a t e s o p E x a m in a t io n , March 1-7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . S tr e e t R a ilw a y B o n d s . $21,000 Boston Elevated 4s 17.000 Boston Elevated 4Mb 23.000 Boston Elevated 5s 18.000 Boston & Northern 4s 1.000 Old Colony 4s 6.000 West End 4s 10.000 West End 4Ms 5.000 West End 5s 220 REPO RT OF THE [Pub. Doc, MERRXMAC SAVINGS BANK, MERRIMAC. M A IN Incorporated April 19, 1871. STREET. Number of corporators, 42; number of trustees, 16. D a n ie l W . G o u l d , President. F r e d e r ic k C . G r a n t , Treasurer. A. R a y m o n d W a t e r h o u s e , 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 in s , Z e n a s L o v e l l , C . A. N o y e s , J. F. P e a s e , E. H. P r e b l e , G. E. R ic 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. B. S a r g e n t , H. H. S t o r y , G. A. T it c o m b , G. T . W a l k e r . Board of Investment: D. W. G o u l d , E. P. S a r g e n t , B. H. S a r g e n t . Auditing Committee: W. B. Sa r g e n t , H. H. S t o r y , B. H. S a r g e n t . Deposits draw interest from third Wednesday of January, April, July and October; dividends are pay able the fourth Wednesday of April and October. Business hours: 9 a .m . to 3 P.M.; Saturdays, 9 a .m . to 12.30 P.M. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 151 loans on real estate (average of each, $2,202.84) . 5 loans on personal security . . . . Furniture and fixtures . . . . . . Real estate by foreclosure, etc. (assessed value, $800) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies . Cash and cash items . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $19,750 00 97,847 53 35,881 30 20,000 00 7,000 00 2,550 00 332,629 36 28,500 Oo 1,479 17 900 00 45 83 15,246 86 1,591 61 s s e t s .............................................. $563,421 66 L ia b ilitie s . Due depositors on 1,565 accounts, averaging $339.82 each . . . . . (Accounts opened during year, 140; closed, 116; increase, 24) Surplus: — a. Guaranty fund (4.95% of deposits; increase during year, $711.77) . . . b. Profit and loss (increase during year, $854-90) . . . . . . Current income: — Interest . . . . . . . . . . $76 25 Less current expenses not charged off . . . . 2 59 --------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $531,821 57 26,341 40 5,185 03 73 66 T o t a l L i a b i l i t i e s ...............................................$563,421 66 221 BAN K COMMISSIONER. No. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x e s. Rent. State Tax (Net). Salaries. $223.60 Amount paid for $831.56 $2,100.00 .40 Cost per $1,000 of assets 1.47 3.73 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $13.25 $457.75 $3,626.16 .02 .81 6.43 4.56 Gross income received during the year, $25,454.65. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .6 6 % ). Real estate loans (average rate, 5.09 per cent.): 5%, $296,274.36; 5J^%, $10,850; 6%, $25,505. Personal loans (average rate, 4.52 per cent.): 4^ % , $10,000; 4J^%, $15,000; 5%, $3,500. Bonds, stocks, etc. (average rate on amounts invested, 3.90 per cent.): 2J^%, $2,550; 3%, $10,000; 3J^%, $61,000; 4%, $91,750; 4J^%, $15,000; 5%, $6,000. Number of loans not over $3,000 each, 106, amounting to $139,329.36. 23 real estate loans made during year, amounting to $51,800. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April 1916, 2% Oct., 1916, 2% Number of deposits during year, 1,359, amounting to $10,018 03 10,236 22 62,590 83 Number of withdrawals during year, 1,001, amounting to $82,845 08 64,654 07 $18,191 01 Net increase in amount due depositors SCHEDULE Par Value. $6,000 Chicopee 3p£s 2,000 Merrimac 4s P u b lic F u n d s , N o te s . $11,750 Merrimac 4s OW NED. Par Value. $6,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4}^s 20.000 Boston & Maine 4s 5.000 Chic., Mil. & St. Paul 4)^s 10.000 Illinois Central 3s 15,o6o Illinois Central 3Ks 10.000 Michigan Central 8.000 N. Y. C. & H. R. 4s 10.000 N. Y„ N. H. & H. 3b£s 6,000 Old Colony 4s D a t e of E x a m in a t io n , May 29. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis O F S E C U R IT IE S R a ilr o a d B o n d s . P u b lic F u n d s, B o n d s . S tr e e t R a ilw a y B o n d s . Par Value. $15,000 Boston Elevated 4s 6,000 Boston Elevated 5s 15,000 West End 4s B a n k S to ck s. Shs. 25H First Nl. Bk., Merrimac 222 [Pub. Doc. RE PO R T OF THE MERRIM ACK RIVER SAVINGS BANK, LOWELL. 417 M I D D L E S E X Incorporated February 24, 1871. STREET. Number of corporators, 37; number of trustees, 19. N a t h a n G . L a m so n , President. F r a n k l in E . J o h n s o n , Treasurer. J a m b s G . H i l l , Clerk of the Corporation. Board of Trustees: B. F . C a d y , M ic h a e l C o r b e t t , C . M . F o r r e s t , W. H . F u l l e r , C . E. G o u l d in 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 so n , J. H . J o h n s o n , N. G. L a m so n , C . P. P e r h a m , O. B. R a n l e t t , C . R u n e l s , H . C . T a f t , C . F . V a r n u m , P. E. V a r n u m , C . F. Y oung. Board of Investment: C. F. V a r n u m , H. C. T a f t , W. H. F u l l e r , C. M . F o r r e s t , N. G. L a m s o n . Auditing Committee: H . C . T a f t , J. G . H i l l , W. H . H o w e . Deposits draw interest from first Saturday of February, May, August and November; dividends are payable Monday following the first Saturday of May and November. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 7 to 9 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . Public funds, bonds and notes . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 539 loans on real estate (.average of each, $8,908.05) 56 loans on personal security . . . . Deposits in national banks or trust companies Cash . . . . . . . . . T ota l A . . . . . . . ., . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $9,997 486,231 74,200 27,162 24,000 2,106,440 1,039,675 76,736 5,319 . . 50 25 00 50 00 56 00 72 09 s s e t s ...............................................$ 3,849,762 62 L ia b ilitie s . Due depositors on 5,423 accounts, averaging $634.42 each . . . . (Accounts opened during year, 890; closed, 411; increase, 479) Surplus: — a. Guaranty fund (4-84% of deposits; increase during year, $11,732) . b. Profit and loss (increase during year, $15,064-19) . . . . . Current income:1 — . Interest . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . . . . $3,440,452 64 . . 166,607 00 156,934 58 . 85,768 40 . $ 3,849,762 62 No. 8.] BAN K COMMISSIONER, 223 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $5,581.87 $9,355.61 $500.00 $854.18 $971.09 $17,262.75 Cost per $1,000 of assets 1.45 2.43 .13 .22 .25 4.48 Cost per $1,000 of assets not including State tax and rent . 2.90 Gross income received during the year, $171,190.95. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 1 % ). Real estate loans (average rate, 4.96 per cent.): 4%, $35,000; 4M%. $164,000; 4%%, $49,000; 5%, $1,793,515; 5M%, $36,100; 6%, $28,825.56. Personal loans (average rate, 4.42 per cent.): 4K%, $367,000; 4M%> $650,000; 5%, $20,175; 6%, $2,500. Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cent.): 3M%> $120,000; 4%, $359,000; 4H%, $75,000; 5%, $70,200; 8%, $7,400; 16%, $6,400. Number of loans not over $3,000 each, 410, amounting to $651,165.56. 75 real estate loans made during year, amounting to $230,150. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Number of deposits during year, 6,126, amounting to $60,727 90 62,791 32 524,431 50 Number of withdrawals during year, 3,180, amounting to $647,950 72 341,410 85 $306,539 87 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $10,000 Augusta, Me. (W. D.), 4s R a ilr o a d B o n d s. $35,000 Baltimore & Ohio 4Ms 45.000 Baltimore & Ohio 5s 59.000 Boston & Maine 4s 15.000 B., R. B. & Lynn4Ms 30.000 C., B. & Q. 3Ms 20.000 C., B. & Q. 4s 20.000 Chic., Mil. & St. Paul 4s D a t e s o f E x a m in a t io n , April 10, 11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF S E C U R IT IE S OW NED. Par Value. $25,000 Chic. & Northw. 4s 30.000 Fitchburg 4s 25.000 Illinois Central 3Ms 30.000 Illinois Central 4s 10.000 Lime Rock 4s 25.000 Michigan Central 4s 10.000 Minn., St. P. & Sit. St. M.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 S tr e e t R a ilw a y B o n d s . Par Value. $50,000 Boston Elevated 4s 25,000 Worcester Con. 4Ms B a n k S to ck s. Shs. 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 224 REPO RT OF THE [Pub. Doc. MIDDLEBOROUGH SAVINGS BANK, MIDDLEBOROUGH. SOUTH Incorporated March 15, 1873. M A IN STREET. Number of corporators, 35; number of trustees, 19. G eoh g e R. S a m p s o n , President. T h e o d o k e N. W o o d , Treasurer. G e o r g e W . S t e t s o n , Clerk of the Corporation. Board of Trustees: C . N. A t w o o d , F. L . B a e e o w s , W . G. B o y n t o n , L . H . C a k e , 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 in c o l n , J. A . M il l e r , A . G. P r a t t , M . S . R y d e r , G. R . S a m p s o n , S. 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 il l s o n , E. F. W it h a m , T . N. W o o d . Board of Investment: G. R. Sa m p s o n , G. E. D o a n e , C. N. A t w o o d . Auditing Committee: G. W. S t e t s o n , M. S. R y d e r , G. E. T il l s o n . Deposits draw interest from first Monday of January, April, July and October; dividends are pay able the first Monday 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 . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . 450 loans on real estate (average of each, $2,205.32) . . . . . . 85 loans on personal security Bank building and fixtures (estimated value, $47,000; assessed value, $36,000) Real estate by foreclosure, etc. (assessed value, $4,800) . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . $362,923 25 615,579 75 189,515 00 40,593 75 2,700 00 2,000 00 992,394 00 159,683 00 40,000 00 5,550 00 50,606 40 2,759 73 . $ 2,4 64 ,3 0 4 88 . . . . L i a b ilit ie s . Due depositors on 6,821 accounts, averaging $335.27 each (Accounts opened during year, 757; closed, 505; increase, 252) Surplus: — a. Guaranty fund (4-96% of deposits; increase during year, $5,800) b. Profit and loss (increase during year, $4,925.72) Current income: — Interest' . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $2,286,901 47 113,500 00 56,858 34 $7,147 92 102 85 7,045 07 T o t a l L ia b ilitie s . . $2,4 64 ,3 0 4 88 No. 8.] BAN K COMMISSIONER. 225 I T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $4,767.35 $4,273.00 $500.00 $40.00 $1,586.50 $11,166.85 Cost per $1,000 of assets 1.93 1.73 . 20 .02 .64 4.52 Cost per $1,000 of assets not including State tax and rent . , . . . •. 2.39 Gross income received during the year, $109,207.79. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .6 7 % ). Real estate loans (average rate, 5.14 per cent.): 5%, $811,398; 5M%> $74,230; 6%, $106,766. Personal loans (average rate, 4.87 per cent.): 4M%, $75,000; 5%, $64,500; 5M%. $6,213; 6%, $13,97b. Bonds, stocks, etc. (average rate on amounts invested, 4.25 per cent.): 3%, $33,000; 3M%, $142,000; 3K % , $5,000; 4%, $685,000; 4M%, $272,400 ; 5%, $92,000; 6%, $13,700; 7%, $6,300. Number of loans not over $3,000 each, 436, amounting to $487,053. 60 real estate loans made during year, amounting to $102,375. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 7,294, amounting to . Number of withdrawals during year, 4,536, amounting to . Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s. Par Value. $25,000 Boston 3Ms 10.000 Boston 4s 10.000 Bridgeport, Conn., 4Ms 16.000 Detroit, Mich., 4s 9.000 Kansas City, Mo., 4s 15.000 Los Angeles, Cal.,4Ms 15.000 Minneapolis, Minn., 4s 10.000 New Bedford 4s 15.000 New London, Ct.,4s 34.000 Omaha, Neb., 4Ms 40.000 Revere 4s 15.000 Worcester 3Ms 5.000 Winthrop 3Ms 15.000 Wrentham 4s 10.000 Kittery, Me. (W. D.), 5s 25,500 Middleborough (F. D.) 4s P u b lic F u n d s , N o te s . $2,000 Barre 4s 2,500 Halifax 4s 800 Halifax 4Ms 23.000 Lakeville 4s 30.000 Middleborough 4s 1,600 Middleborough 4Ms 35.000 Middleborough (F. D.) 4s . OF . . . S E C U R IT IE S R a ilr o a d B o n d s . . . . . . . . $502,983 77 367,008 11 . $135,975 66 OW NED. Par Value. $16,000 No. Maine Seaport 5s Par Value. 5,000 Northwestern Union 7s $40,000 Baltimore & Ohio 4s 41.000 Old Colony 4s 35.000 Baltimore & Ohio 4Ms 17.000 Sioux City & Pac. 3,Ms 15.000 Bangor & Aroostook 5s 1,300 Winona & St. Peter 7s 30.000 Boston & Maine 4s 55.000 C., B. & Q. 3Ms 10.000 C„ B. & Q. 4s S tr e e t R a ilw a y B o n d s . 10.000 Chic., Mil. & St. Paul 4s 35.000 Chic., Mil. & St. Paul 4Ms $15,000 Boston Elevated 4s 25.000 Chicago & Northw. 4s 30.000 Boston Elevated 4Ms 20.000 Chic., R. I. & Pac. 4s 10.000 Boston Elevated 5s 11.000 Chic., R. I. & Pac. 6s 25.000 Boston & Northern 4s 5.000 Dexter & Newport 4s 1.000 East Middlesex 4s 10.000 Fitchburg 3Ms 3.000 Lowell, Law. & Hav. 5s 11.000 Fitchburg 4s 4.000 Providence & Taunton 5s 30.000 Fitchburg 4 Ms 33.000 West End 4s 16.000 Fitchburg 5s 26.000 West End 4Ms 33.000 Illinois Central 3s 2.000 West End 5s 20.000 Illinois Central 3Ms 20.000 Worcester Cons. 4Ms 10.000 Lake Shore & Mich. So. 4s 15.000 Worcester Cons. 5s 25.000 Maine Central 4 Ms 10.000 Wore. & Southbridge 4Ms 1.000 Maine Central 5s 10.000 Michigan Central 4s 25.000 M , St. P. & St. Ste. Marie 4s B a n k S to ck s. 20.000 N. Y. C. & H. R. 4s Shs. 55.000 N. H., N. H. & H. 4s 27 Plymouth Nl. Bk. D a t e s of E x a m in a t io n a n d A u d it , July 24-29 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $41,836 50 42,883 62 418,263 65 226 REPO RT OF THE [Pub. Doc. MIDDLESEX INSTITUTION FOR SAVINGS, CONCORD. M A IN Incorporated March 4, 1835. STREET. 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 , p . E. B r o w n , S t b d m a n B u t t r ic k , L. N. F o w l e r , P r e s c o tt K e y e s , R u ss e l l R o b b , T h o m as T od d , F. A. T o w e r , C. H . T o w l 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 h e e l e r , 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . . . . 432 loans on real estate (average of each, $3,124-49) . . . . . . . 21 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 ....................................................................................................................................... T o t a l A s s e ts . . . . . $72,800 00 551,762 50 116,050 00 50,000 00 36,150 00 10,000 00 917,780 21 484,700 00 10,500 00 47,466 03 829 44 $2,2 98 ,0 3 8 18 L ia b ilitie s . Due depositors on 6,178 accounts, averaging $341.84 each . . . . . $2,111,920 05 (Accounts opened during year, 495; closed, 469; increase, 26) Surplus: — a. Guaranty fund (4-97% of deposits; increase during year, $1,000) . . . 104,900 00 h. Profit and loss {increase during year, $9,941.51) . . . . . . 42,673 84 Current income: — Interest . . . . . . . . . . $41,991 51 Less current expenses not charged off . . $3,275 86 Less State or local taxes not charged off . . 171 36 3,447 22 -----------38,544 29 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $ 2,298,038 18 No. 8.] 227 BAN K COMMISSIONER. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $500.00 $1,042.76 $12,445.98 Amount paid for $5,194.87 $5,708.35 .22 — .45 5.41 Cost per $1,000 of assets 2.26 2.48 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.93 Gross income received during year, $103,248.58. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .6 0 % ). Real estate loans (average rate, 5.03 per cent.): 5%, $878,480.21; 5J^%, $15,950; 6%, $23,350. Personal loans (average rate, 4.33 per cent.): 4M%. $361,000; 4M£%, $90,000; 4^ % , $25,000; 5%, $1,700 ; 6%, $7,000. Bonds, stocks, etc. (average rate on amounts invested, 4.27 per cent.): 3J^%, $242,000; 3%%, $11,500; 4%, $330,000; 4M%. $14,300; 4}^%, $100,000; 5%, $115,000; 7%, $20,000; 14%, $10,000. Number of loans not over $3,000 each, 366, amounting to $549,055.21. 28 real estate loans made during year, amounting to $61,200. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% June, 1916, 2 % Number of deposits during year, 5,025, amounting to . . . . . . ....................................... . . . . Number of withdrawals during year, 3,860, amounting to Net increase in amount due depositors . . . . . . . . . . . . . $39,653 27 40,073 04 303,521 39 $383,247 70 339,684 65 $43,563 05 SCHEDULE OF SECURITIES OWNED. P u b lic F u n d s, B o n d s. Par Value. $22,000 Concord 3M>s 11,500 Concord 3%s 25,000 Concord 4s 14,300 Concord 4Ms R a ilr o a d B o n d s. $25,000 Baltimore & Ohio 5s 10.000 Boston & Albany 3Vis 10.000 Boston & Maine 4s 25.000 Boston & Maine 4J^s 25.000 C., B. & Q. 3Hs 25.000 Chic. & Northw. 4s 10.000 Cleveland & Pitts. 3}4a Par Value. $50,000 Concord & Montreal 4s 10.000 Conn. & Passumpsic Riv. 4s 10.000 Conn. Riv. 3Mis 25.000 Delaware & Hudson 4s 25.000 Fitchburg 4s 25.000 Fitchburg 5s 20.000 Illinois Central 3Ks 10.000 Illinois Central 4s 20.000 Kal., Alle. & Gr. R. 5s 25.000 Louisville & Nashville 5s 25.000 Maine Central 4J^s 50.000 Michigan Central 3y&a 25.000 N. Y. C. & H. R. 3Ks 20.000 N. Y., N. H. & H. 3J^s 25.000 N. H., N. H. & H. 4s D a t e s op E x a m in a t io n a n d A u d it , January 14-20 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $20,000 Old Colony 4s 10.000 Portland & R. Falls 4s 10.000 Sullivan Co. 4s 20.000 Troy & Boston 7s S tr e e t R a ilw a y B o n d s . $25,000 Boston Elevated 4s 50.000 Boston Elevated 4Hs 20.000 West End 4s 20.000 West End 5s B a n k S to c k s. Shs. 100 Concord Nl. Bk. 228 REPO RT OF TH E [Pub. Doc. MILFORD SAVINGS BANK, MILFORD. 236 M A I N Incorporated April 24, 1851. STREET. Number of corporators, 45; number of trustees, 13. C h a r l e s A. C l a f l in , Clerk of the Corporation. Board of Trustees: H. D . B o w k e e , C. A. C l a f l in , C. A. C o o k , H. M. C u r t is s , C. H. D r a p e r , G. A. D r a p e r , S. A. E a s t m a n , G. W . E l l is , F. D . F i e l d , F. P . L e e , W . I. St im p s o n , A u g u st u s 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 , A u g u st u s W h e e l e r , S. A . E a s t m a n . Auditing Committee: H. D. B o w k e r , S. A. E a s t m a n , G. W. 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. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 451 loans on real estate (average of each, $2,035.89) . . . . . . . 50 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $26,000; assessed value, $32,600) . . Deposits in national banks or trust companies . . . . . . . . Cash . . ’ .................................................................................................................... T o t a l A s s e ts . . . . . $990,986 18 649,777 50 135,000 00 66,243 75 129,876 50 918,188 95 808,810 00 25,000 00 32,754 74 1,113 22 $3,7 57 ,7 5 0 84 L ia b i l i t i e s . Due depositors on 10,105 accounts, averaging $346.75 each . . . . . $3,503,912 91 (Accounts opened during year, 1,842; closed, 918; increase, 424) Surplus: — а. Guaranty fund (4.87% of deposits; increase during year, $8,689.44) • ■ • 170,788 62 б. Profit and loss (decrease during year, $6,896.75) . . . . . . 82,213 78 Current income: — Interest . . . . . . . . . $954 89 Less current expenses not charged off . . . . 119 36 --------------------835 53 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $ 3,7 57 ,7 5 0 84 N o 8.] B AN K COMMISSIONER, 229 T o t a l E xpen ses fo r t h e T e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses Total. Amount paid for $9,006.69 $6,627.48 $800.00 $161.68 $1,151.94 $17,747.79 Cost per $1,000 of assets 2.40 1.76 .21 .04 .31 4.72 Cost per $1,000 of assets not including State tax and rent . . . . . 2.11 Gross income received during the year, $159,545.86. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .4 6 % ). Real estate loans (average rate, 4.94 per cent.): 4%, $10,500 ; 4M%. $14,600 ; 4M%, $89,000; 4%%, $8,577.50; 5%, $782,981.45; 5M%, $1,500; 6%, $10,630; 7%, $400. Personal loans (average rate, 4.25 per cent.): 4%, $175,000; 4M%. $75,000; 4¿4%, $357,500; 4M% $187,450; 5%, $13,710; 6%, $150. Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3M%. $230,000; 3%%, $5,900; 4%, $1,035,200; 4M%, $4,486.18; 4M%, $438,000; 5%, $145,000; 8%, $75,800; 10%, $800; 16%, $14,000. Number of loans not over $3,000 each, 460, amounting to $552,639.03. 92 real estate loans made during year, amounting to $117,425. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 11,443, amounting to $63,077 59 65,396 39 711,928 15 Number of withdrawals during year, 7,907, amounting to $840,402 13 589,734 66 Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $10,000 Massachusetts 3Ms 3.000 Massachusetts 4s 25.000 Akron, O., 5s 45.000 Boston 4s 6.000 Bridgeport, Ct., 4s 15.000 Bridgeport, Ct.,4Ms 20.000 Brockton 4s 20.000 Buffalo, N. Y., 4Ms 20.000 Cambridge 4s 20.000 Cleveland, 0., 4Ms 8.000 Dubuque, la., 4s 6.000 Fall River 4s 25.000 Hartford, Ct., 4Ms 13.000 Haverhill 4s 6.000 Lawrence 4s 20.000 Lorain, O., 5s 25.000 Los Angeles, Cal., 4Ms 20.000 Lynn 4s 25.000 Minneapolis, Minn., 4s 50.000 New Bedford 4s 10.000 Newport, R. I., 4s 11.000 Providence, R. I., 4s 12.000 Saginaw, Mich., 4s 10.000 Salem 4s 20.000 San Francisco, Cal., 5s 20.000 Seattle, Wash., 4Ms 20.000 Somerville 4s 15.000 Spokane, Wash., 4Ms 15.000 Springfield, Mo., 5s $250,667 47 OF P u b lic F u n d s , N o te s . $3,000 Bellingham 4s 3,500 Mendon 3Ms 6,200 Mendon 4s 20.000 Milford 3Ms 2,400 Milford 3Ms 140,000 Milford 4s 4,486 Milford 4Ms R a ilr o a d B o n d s . $50,000 Baltimore & Ohio 4Ms 50.000 Boston & Albany 3Ms 50.000 Boston & Albany 4s 30.000 Boston & Maine 4s 60.000 Boston & Maine 4Ms 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 S E C U R IT IE S OW NED. Par Value. $20,000 St. Paul, Minn., 4Ms 27.000 Taunton 4s 23.000 Toledo, 0.,4Ms 25.000 Waterbury, Ct., 4Ms 50.000 Worcester 4s 10.000 Douglas 4s 9.000 Franklin 4s 2.000 Medway 4s 31.000 Milford 4s 50.000 Stamford, Ct., 4Ms 15.000 Tiverton, R. I., 4s 10.000 W. & So. Acton (W. D.),4s 25.000 So. Hadley (F. D.), 4s Par Value. $25,000 C., B. & Q. 3Ms 75.000 C., B. & Q. 4s 25.000 Chic., Mil. & St. Paul 5s 10.000 Cleveland & Pitts. 4Ms 10.000 Fitchburg 4s 20.000 Minn., St. P. & Sit. St. M. 4s 15.000 New England 5s 50.000 N. Y. C. & H. R. 3Ms 75.000 N. Y., N. H. & H. 3Ms 50.000 N. Y„ N. H. & H. 4s 25.000 No. Maine Seaport 5s 12.000 Old Colony 4s 25.000 Pennsylvania 4Ms S tr e e t R a ilw a y B o n d s . $40,000 Boston Elevated 4s 25.000 Boston Elevated 4Ms 60.000 West End 4s 10.000 Worcester Cons. 4Ms B a n k S to c k s. 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. 230 REPO RT OF THE [Pub. Doc, MILLBURY SAVINGS BANK, MILLBURY. ELM Incorporated April 10, 1854. STREET. Number of corporators, 43; number of trustees, 20. E d w a r d F. R ic e , Clerk of the Corporation. Board of Trustees: H . W. A ik e n , H . W. C a r t e r , T. A . D o w d , D a m ie 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 in c o l n , H . T. M a x w e l l , F. W . M o o r e , J. W . P ie r c e , E. F. R ic e , H . F. R ic e , E. L. S m it h , G. I. S t o w e , P. H . S u l l iv a n , L. S. W a t e r s , W . W . W in d l e , T. A . W i n t e r . Board of Investment: G. J. D u d l e y , D a m ie n D u c h a r m e , J. R. L in c o l n , H. W. C a r t e r , G. I. S t o w e . Auditing Committee: H. M . G o d d a r d , T. A. D o w d , H. T. M a x w e l l . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . 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 . 470 loans on real estate (average of each, $2,726.54) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,289,974 54 8,500 00 --------------------25 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 . . . . . . . C a s h ........................................................................................................................................ T ota l A . . . . . . . . $135,700 398,365 104,000 32,448 16,500 17,536 00 54 00 75 00 71 . . . 1,281,474 54 110,235 00 14,000 00 98 75 22,844 66 1,484 38 s s e t s ...............................................$ 2,1 34 ,6 8 8 33 L ia b i l i t i e s . Due depositors on 4,463 accounts, averaging $427.71 each . . . . . $1,908,874 17 (Accounts opened during year, 691; closed, 276; increase, S16) Surplus: — а. Guaranty fund (4-89% of deposits; increase during year, $6,586.66) . . . 93,402 32 б. Profit and loss (increase during year, $4,822.11) . . . . . . 103,416 42 Current income: — a. Interest . . . . . . . $30,473 91 b. R e n t .......................................................... 382 38 ------------ :------$30,856 29 Less current expenses not charged off . . $1,623 22 Less State or local taxes not charged off . . 237 65 ■-------------------1,860 87 --------------------28,995 42 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $ 2,1 34 ,6 8 8 33 BANK COMMISSIONER. No. 8.] 231 T o t a l E xpen ses f o r t h e Y e a r, in c lu d in g S ta te T axes. Rent. State Tax (Net). Salaries. Amount paid for $2,151.45 $2,949.00 — Cost per $1,000 of assets 1.01 1.38 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $353.81 $782.70 $6,236.96 .16 .37 2.92 1.91 Gross income received dining the year, $94,653.19. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 4 % ). Real estate loans (average rate, 5.08 per cent.): 5%, $1,149,632.54; 5J^%, $68,000; 6%, $28,842; 6M %. $35,000. * Personal loans (average rate, 4.60 per cent.): 4J^%, $50,000; 4M%> $30,000; 4%%, $15,000; 5%, $3,150; 6%, $12,085. Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.): 314%, $35,000; 4%, $270,700; 4K%. $5,000 ; 4M%. $223,000 ; 5%, $150,500 ; 6%, $2,000 ; 8%, $3,700; 10%, $5,800; 12%, $3,500. Number of loans not over $3,000 each, 446, amounting to $494,552.31. 53 real estate loans made during year, amounting to $170,475. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 3,881, amounting to $34,669 11 35,802 72 268,613 63 Number of withdrawals during year, 2,961, amounting to $339,085 46 212,457 94 $126,627 52 Net increase in amount due depositors SCHEDULE OF SECURITIES OWNED. P ublic Funds, Bonds. Par Value. $25,000 Massaohusetts 3Ms 10.000 Boston 4s 5.000 Boston 4Ms 15.000 Holyoke 4s 11.000 Sioux City, la., 4Ms 6.000 Longmeadow 4s 10.000 Marshfield 4s 7.000 Saugus 4s 10.000 South Hadley 4s P ublic Funds, Notes. $20,700 Millbury 4s 2,000 Millbury 4Ms 14,000 Sutton 4s R a ilr o a d B o n d s . Par Value. $10,000 Baltimore & Ohio 4Ms 20.000 Baltimore & Ohio 5s 17.000 Boston & Albany 4s 20.000 Boston & Albany 5s 74.000 Boston & Maine 4M8 16.000 B., R. B. & Lynn 4Ms 5.000 Chic., Mil. & St. Paul 4Ms 20.000 Chic., Mil. & St. Paul 5s 10.000 Chi. & Northw. 4s 25.000 Fitchburg 4Ms 26.000 Fitchburg 5s 28.000 Illinois Central 4s 20.000 Maine Central 4Ms 10.000 Michigan Central 4s 10.000 New London North. 4s 20.000 N. Y. C. & H. R.4Ms 10.000 N. Y., N. H. & H. 3Ms 39.000 N.Y., N. H. & H. 4s 20.000 No. Maine Seaport 5s 5.000 Portland Terminal Co. 4s D a t e s of E x a m in a t io n , June 22, 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway B onds. Par Value. $30,000 Boston Elevated 4Ms 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 4Ms 10.000 West End 5s B a n k Stocks. Shs. 25 Metropolitan Tr. Co., Boston 35 Second Nl. Bk., Boston 10 Webster & Atlas Nl. Bk., Boston 2 Millbury Nl. Bk. 20 North Adams Nl. Bk. 25 Ware Nl. Bk. 48 Worcester Nl. Bk. 232 REPO RT OF TH E [Pub. Doc, MILTON SAVINGS BANK, MILTON. 62 A D A M S Incorporated May 18, 1905. STREET. Number of corporators, 32; number of trustees, 18. H . C l iff o k d G a l l a g h e r , President. F r e d e r ic k C h a s e , Clerk of the Corporation. F r e d e r ic k A . G a s k in s , Treasurer. W il l ia m G . S w a n , Assistant Treasurer. , Board of Trustees: J. B. B a x t e r , T . K . C u m m in 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 in 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 ie r c e , M. V. P ie 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 it n e y , C . W. W h it t ie r , G e o r g e W ig g l e s w o r t h . Board of Investment: H . C . G a l l a g h e r , J o h n T a l b o t , N. H . S t o n e , T . K . C u m m in s , G e o r g e W ig g l e s w o r t h . Auditing Committee: R. M. J o h n so n , J. B. B a x t e r , E. P. W h it n e y . Deposits draw interest from second Thursday of March, June, September and December; dividends are payable the fourth Thursday of March and September. Business hours: Mondays, Wednes days and Fridays, 4 to 6.30 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31 , 1916. A sse ts. Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . . American Tel. & Tel. Co. bonds . . . . . 65 loans on real estate (average of each, $3,976.54) . . Less amount due on uncompleted loans . . . . 10 loans on personal security . . . Deposits in national banks or trust companies . . . . . . . . . . . . . . . . . $20,115 415,127 9,300 15,220 00 20 00 00 193,475 131,750 4,042 758 00 00 20 33 $194,475 00 1,000 00 . •. T o t a l A s s e ts $789,787 73 L i a b ilit ie s . Due depositors on 2,718 accounts, averaging $280.50 each (.Accounts opened during year, 863; closed, 877; decrease, 14) Surplus: -— a. Guaranty fund (1.61% of deposits; increase during year, $1,866.85) h. Profit and loss (increase during year, $4,459.16) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $762,395 39 12,249 19 13,731 88 $1,647 16 235 89 1,411 27 T o t a l L ia b i l i t i e s . . $789,787 73 \ No. 8.] BAN K COMMISSIONER. 233 T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Amount paid for $2,581.54 $500.00 $500.00 Cost per $1,000 of assets 3.27 .63 .63 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $121.25 $667.40 $4,370.19 .15 .84 5.52 1.62 Gross income received during the year, $31,820.22. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .4 8 % ). Real estate loans (average rate, 4.98 per cent.): 4M%. $9,000; 5%, $184,475. Personal loans (average rate, 4.33 per cent.): 4J^%, $25,000; 4M%, $55,000; 4J^%, $50,000; 5%, $1,750. Bonds, stocks, etc. (average rate on amounts invested, 4.31 per cent.): 3%, $30,000; 3>^%, $15,000; 4%, $362,946.60; 4 ^ % , $69,000; 5%, $15,000. Number of loans not over $3,000 each, 51, amounting to $101,825. 10 real estate loans made during year, amounting to $26,000. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: March, 1916, 1%% . . . . . Sept., 1916, 1 % % ....................................... Number of deposits during year, 3,768, amounting t o ................................................ Number of withdrawals during year, 2,215, amounting to Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B o n d s. R a ilr o a d B o n d s . $10,000 Allegheny Valley 4s 25.000 Atch., Top. & Santa Fé 4s 5.000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4J^s 15.000 Baltimore & Ohio 5s 25.000 Boston & Albany 4s 10.000 Boston & Maine 4J/£s op E xam ination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF . . . . S E C U R IT IE S . and . . . . $224,310 54 171,635 18 . . $52,675 36 OW NED. Par Value. $10,000 C., B. & Q. 3^s 20.000 C., B. & Q. 4s 10.000 Chic., Mil. & St. Paul 4s 7.000 Chic., Mil. & St. Paul 4)^8 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 4Mis 10.000 Illinois Central 3s 20.000 Illinois Central 4s 10.000 L. S. & Michigan South. 4s 5.000 Little Falls & Dolgeville 3s 10.000 Maine Central 4}^s 5.000 Minn., Sit. St. M. & A. 4s Par Value. $5,000 Boston 3}4b 3.000 Los Angeles, Cal., 4}^s 3.000 Milton 4s 9.000 Milton é}4s D ates . . $11,676 28 12,175 06 200,459 20 Par Value. $10,000 Minn., St. P. & Sit. St. M. 4s 35.000 N. Y. C. & H. R. 4s 40.000 N. Y., N. H. & H. 4s 10.000 New York & Putnam 4s 15.000 Northern Pacific 3s 10.000 Northern Pacific 4s 10.000 Ports., Gt. Falls & Con. 4J^s 1.000 Portland & Rumford Falls 4s 1,946 St. Paul, Minn. & Man. 4s 10.000 Southern Pacific 4s 25.000 Union Pacific 4s 5.000 Wash. & Columbia River 4s Street Railway Bonds. $10,000 Boston & Northern 4s A u dit , February 25-March 1 inclusive. REPO RT OF THE 234 [Pub. Doc. MONSON SAVINGS BANK, MONSON. 64 M A I N Incorporated March 29, 1872. STREET. Number of corporators, 33; number of trustees, 13. W illiam L. R icketts , Clerk of the Corporation. Board of Trustees: F. L. B liss , C. A. B ra dw ay , R. P. C ushman , A. D. E llis , R ufu , F a y , G. C. F ly n t , ufus M.. G ag e , C. W. J ackson , O. C. M cC ra y , C. L. R ic icketts L. C. F lynt , C. M k e t , W. L. R icketts ,, P. W. Soule . Board of Investment: C. M. G a g e , L. C. F lynt , A. D. E llis , R . P. C ushman . Auditing Committee: R . P. C ushman , R ufus F a t , F. L. B liss . Deposits draw interest from first day of January, April, July and October; dividends are payable April 1 and October 1. Business hours: 9 a .m . to 12 m .; 1 to 4 p .m .; Saturdays, 9 a .m . to 12 m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . . . 430 loans on real estate (average of each, $2,855.46) . . . . . . 23 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $18,000; assessed value, $18,000) Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . . $199,543 407,432 64,950 35,000 18,075 15,800 1,227,849 97,485 18,000 107,027 5,522 75 50 00 OO 00 00 21 10 00 29 44 $ 2,196,685 23 L ia b ilitie s . Due depositors on 3,629 accounts, averaging $542.64 each . . . . . $1,969,232 63 (.Accounts opened during year, 377; closed, 256; increase, 121) Surplus: — a. Guaranty fund (5.03% of deposits; incxease during year, $6,000) . . . 99,000 00 b. Profit and loss (increase during year, $4,000) . . . . . . 106,000 00 Current income: — a. Interest . . . . . . . $22,395 55 b. Suspense account . . . . . 375 00 --------------------$22,770 55 Less current expenses not charged off . . . . 317 89 --------------------22,452 66 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $ 2,196,685 29 No. 8.] 235 BAN K COMMISSIONER, T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T axes. Rent. State Tax (Net). Salaries. Amount paid for $2,650.40 $3,476.34 Cost per $1,000 of assets 1.21 1.58 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $19.75 $799.69 $6,946.18 .01 .04 2.84 1.63 Gross income received during the year, $97,440.04. B a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 1 % ). Real estate loans (average rate, 5 per cent.): 5%, $1,210,074.21; 5J^%, $15,000; 6%, $2,775. Personal loans (average rate, 4.56 per cent.): 3%, $10,000; 4%, $15,000; 4.14%, $10,000; 5%, $61,644.10; 5y2%, $600; 6%, $241. Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cent.): 3M%i $135,000; 4%, $439,000; 4M%, $10,000; 4H %, $86,000; 5%, $40,300; 6%, $25,500; 8%, $1,500; 10%, $3,000; 12%, $2,500; 16%, $3,000. Number of loans not over $3,000 each, 274, amounting to $384,179.31. 23 real estate loans made during year, amounting to $108,116. D iv id e n d s , D e p o s it s a n d W i t h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2J£% Oct., 1916,2M% Number of deposits during year, 2,573, amounting to $40,953 09 42,247 40 284,345 68 • $367,546 17 246,219 87 Number of withdrawals during year, 2,258, amounting to $121,326 30 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $10,000 Massachusetts 3Mb 10.000 Massachusetts 4s 10.000 Boston 4s 10.000 Boston 4)4s 20.000 Brockton 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 Concord 3Mb 10.000 Cumberland, R. I., 4s 5.000 East Providence, R. I., 4s 5.000 Methuen 4s 29.000 Monson 4s 10.000 Natick 4s P u b lic F u n d s , N o te s . $1,000 Holland 4Mb D ates of O F S E C U R IT IE S Par Value. $10,000 Bangor & Aroostook 5s 18.000 Boston & Albany 4s 15.000 Boston & Lowell 4Mb 20.000 Boston & Maine 4s 10.000 Boston & Maine 4Ms 10.000 Boston & Providence 4s 20.000 C., B. & Q. 3Ma 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. 3Mb 10.000 Louis., Cin. & Lex. 4J^s 20.000 Maine Central 4Mb 10.000 Michigan Central 3Mb 10.000 New London Northern 4s 10.000 N. Y. C. & H. R. 3^>s 10.000 N. Y., L. & W. 6s E xam in atio n , July 13-15 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OW NED. R a ilr o a d B o n d s . Par Value. $30,000 N. Y., N. H. & H. 4s 10.000 Norwich & Worcester 4s 10.000 Old Colony 4s 20.000 Pennsylvania 4Ms 10.000 Sioux City & Pacific 3Mb 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 10.000 West End 5s Bank Stocks. Shs. 30 First Nl. Bk., Boston 30 Merchants Nl. Bk., Boston 25 City Nl. Bk., Holyoke 30 Monson Nl. Bk. 15 Palmer Nl. Bk. 25 Union Trust Co., Springfield 3 Ware Nl. Bk. REPO RT OF THE 236 [Pub. Doc. / V NANTUCKET INSTITUTION FOR SAVINGS, NANTUCKET. 55 M A I N Incorporated April 2, 1834. STREET. Number of corporators, 40; number of trustees, 19. H en ry B row n , President. J osiah F. M urphey , Clerk of the Corporation. L izzie S. R iddell , Treasurer. W alter M . B urdick , Assistant Treasurer. Board of Trustees: A. G. B rock , W. C. B rock , H en ry B row n , W. M. B urdick , W. F. C odd , E. B. C oleman , A. H. C ook , W illiam H olland , J. A. H olmes, Jr., L ester H u ll , E. H. J ernegan , J. F. M urphey , H enry P addack , B. E. P ease , G. C. R ule , R . C. S mall , E. G. T homas, A. T. W inslow , J. M . W inslow . Board of Investment: H en ry B row n , A. H. C ook , E. H. J ernegan , J. A. H olmes, Jr., G. C. R u le , R. C. Sm all , E. G. T homas . Auditing Committee: E. B. C oleman , W illiam H olland , J. M. W inslow . Deposits draw interest from first Monday of January, April, July and October; dividends are payable the second Monday of January and July. Business hours: 9 a . m . to 1 p . m . from May 1 to Novem ber 1; 10 a . m . to 1 p . m . from November 1 to May 1. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . 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 . . . . . . . 392 loans on real estate (average of each, $1,783.48) . . . . . 33 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $6,000; assessed value, $6,225) Real estate by foreclosure, etc. (assessed value, $3,000) . . . . Suspense account . . . . . . . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . - T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . . . $121,000 131,576 22,000 20,000 16,243 2,000 699,123 116,625 4,500 2,773 215 32,951 3,292 00 65 00 00 75 00 00 00 00 64 43 40 67 s s e t s ............................................... $ 1,1 72 ,3 0 1 54 L ia b ilitie s . Due depositors on 2,223 accounts, averaging $473.90 each . . . . . $1,053,483 34 (Accounts opened during year, 294; closed, 223; increase, 71) Surplus: —• a. Guaranty fund (4-84% of deposits; increase during year, $2,242.53) . . . 50,946 59 b. Profit and loss (.increase during year, $3,124-70) . . . . . . 49,775 40 Current income: — o. Interest . . . . . . . $19,078 57 b. R e n t .......................................................... 148 77 ------ ------ ------$19,227 34 Less current expenses not charged off . . . . . 1,131 13 — ------ -------18,096 21 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $1,1 72 ,3 0 1 54 No. 8. 237 B AN K COMMISSIONER. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. Rent. State Tax (Net). Salaries. Amount paid for $1,240.37 $2,186.46 $100.00 Cost per $1,000 of assets 1.06 1.86 .08 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $680.77 $4,207.60 .69 3.59 2.45 Gross income received during the year, $58,211.91. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .0 9 % . Real estate loans (average rate, 5.62 per cent.): 5%, $189,858; 5M%, $147,269; 6%, $361,646; 8%, $350. Personalloans (average rate, 4.27 per cent.): 4M%, 860,000; 4M%> $30,000; 5%, $3,500; 6%, $15,025. Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3M%, $62,000; 4%, $146,000; 4)42%, $80,000; 5%, $23,000; 6%, $5,000; 7%, $1,000. . Number of loans not over $3,000 each, 352, amounting to $373,002. 62 real estate loans made during year, amounting to $79,100. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% . . . . . July, 1916, 2 M % ....................................... Number of deposits during year, 1,946, amounting to . . . . . Number of withdrawals during year, 1,998, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $10,000 Massachusetts 4s 10.000 Albany, N. Y., 4Ms 3.000 Bay City, Mich., 4s 10.000 Boston 4s 5.000 Cleveland, 0., 4Ms 10.000 Fall River 4s 5.000 Jersey City, N. J., 4Ms 5.000 Lawrence 4s 5.000 Malden 4s 3.000 Middletown, Ct., 3Ms 5.000 Newark, N. J., 4 Ms' 15.000 San Francisco, Cal., 5s 5.000 Seattle, Wash., 4Ms 10.000 St. Paul, Minn., 4Ms 10.000 Waltham 4s 5.000 Billerica 4s 5.000 Dedham 4s D ates of . OF . $191,559 29 139,339 31 . . S E C U R IT IE S . . . . $52,219 98 OW NED. R a ilr o a d B o n d s. Par Value. $10,000 Baltimore & Ohio 4s 5.000 Boston & Maine 4s 10.000 Boston & Maine 4Ms 22.000 C., B. & Q. 3Ms 5.000 C„ B. & Q. 4s 7.000 Chicago & Northwestern 5s 17.000 Illinois Central 3Ms 18.000 Illinois Central 4s 5.000 N. Y., N. H. & H. 4s 10.000 N. Y. C. & H. R. 4s 10.000 Pennsylvania 4Ms 5.000 Pine Creek 6s 1.000 Upper Coos 4s 10.000 Upper Coos 4Ms E xam in ation , June 19-21 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $19,299 04 24,652 29 147,607 96 S tr e e t R a ilw a y B o n d s. Par Value. $10,000 Boston Elevated 4Ms 10,000 Springfield 4s 2,000 West End 4s B a n k S to c k s. Shs. 10 Boylston Nl. Bk., Boston 15 Eliot Nl. Bk., Boston 10 Old Boston Nl. Bk., Boston 10 Pacific Nl. Bk., Nantucket [Pub. Doc, R E PO R T OF THE 238 NATICK FIVE CENTS SAVINGS BANK, NATICK. 6 Incorporated April 5, 1859. M A IN STREET. Number of corporators, 35; number of trustees, 16. H en by C. M ulligan , President. C. A bthu b D ow se , Treasurer. H en by G. F is k e , Clerk of the Corporation. Board of Trustees: W. R. B igelow , C. H . C hild , W . H . C olby , F. E. C ummings , C. A. D owse , W. L. F elch , H. G. F isk e , F. H. H ayes , C. W . J ohnson , J. B. L eamy , H. C. M ulligan , W . H. P feiff eb , C. A. P ooke , J. H. P b a tt , W . B. R obinson , J. W . W alcott . Board of Investment: H. C. M ulligan , F. H. H ayes , W. B. R obinson , C. A. P ooke , J. B. L eamy , W. H. C olby . Auditing Committee: H. G. F iske , F. E. C ummings, W. B. R obinson . Deposits draw interest from first day of February, May, August and November; dividends are payable the second Tuesday of May and November. Business hours: 9 a .m. to 3 p .m.; Saturdays, 9 a .m. to 12 m.; 7 to 9 p .m. for deposits only. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . ’ Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . Securities acquired in settlement of indebtedness . 1,259 loans on real estate (average of each, $2,259.09) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . $2,856,233 00 . . . 12,040 60 ------ ------ ------59 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $35,000; assessed value, $29,750) . . Real estate by foreclosure, etc. (assessed value, $14,100) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . ’. . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . . . . . . . . . . $936,581 90 599,587 50 153,000 00 23,256 25 80,943 75 21,000 00 1,950 00 2,844,192 40 49,500 00 15,000 00 11,606 62 251 89 176,374 60 16,012 58 s s e t s ............................................... $ 4,9 29 ,2 5 7 49 L ia b ilitie s . Due depositors on 13,372 accounts, averaging $329.25 each . . . . (Accounts opened during the year, 1,196; closed, 795; increase, 401) Surplus: — а. Guaranty fund (5% of deposits; increase during year, $17,300) . б. Profit and loss (increase during year, $9,287.45) . . . . . Unearned discount . . . . . . . . . . . Suspense account . . . . . . . . . . . . . $4,402,686 67 . . . . 220,100 00 304,784 95 1,520 57 165 30 | T o t a l L ia b ilitie s . . . . . $4,9 29 ,2 5 7 49 T o t a l E xpen ses fo r th e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid-for $2,940.48 $6,862.01 $1,000.00 $43.50 $2,510.02 $13,356.01 Cost per $1,000 of assets .60 1.39 .20 .01 .51 2.71 Cost per $1,000 of assets not including State tax and rent . . . . . . 1.91 Gross income received during the year, $224,307.27. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis N o. 8.] BAN K COMMISSIONER. 239 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 3 % ). Real estate loans (average rate, 5.01 per cent.): 5%, $2,795,772.40; 5)4%, $11,440; 6%, $36,980. Personal loans (average rate, 4.98 per cent.): 454%, $5,250; 5%, $43,900; 5)4%,$350. Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cent.): 334%, $139,300; 3.75%, $30,000; 3.98%, $60,000; 4%, $1,237,500; 4)4%, $2,000; 434%, $144,500; 5%, $97,900; 6%, $111,300; 8%, $500; 10%, $12,000; 12%, $1,000; 16%, $2,500. Number of loans not over $3,000 each, 1,062, amounting to $1,559,473. 158 real estate loans made during year, amounting to $323,750. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Extra dividend declared during year, Nov., 1915, 34% Number of deposits during year, 13,818, amounting to $77,008 80,091 9,587 831,086 Number of withdrawals during year, 9,322, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $10,000 California, State of, 4s 10.000 Massachusetts 4s 3.000 Beverly 4s 95.000 Boston 4s 8.000 Brockton 4s 3.000 Cambridge 4s 20.000 Fall River 4s 30.000 Gloucester 4s 32.000 Haverhill 4s 12.000 Lawrence 4s 8.000 Lynn 4s 10.000 McKeesport, Pa., 4s 42.000 Pittsfield 4)4s 5.000 Portland, Ore., 6s 10.000 Salem 4s 10.000 Seattle, Wash., 5s 10.000 Worcester 4s 4.000 Agawam 4s 4.000 Amherst 4s 2.000 Arlington 4s 5.000 Chicopee 4s 20.000 East Bridgewater 4s 25.000 Franklin 4s 6.000 Great Barrington 4s 15.000 Hadley 4s 26.000 Hingham 4s 2.000 LexingtoD 4s 11.000 Lincoln 4s 11.000 Littleton 4s 2.000 Methuen 4s 12.000 Milford 4s 73.000 Natick 4s 2.000 North Andover 4s 10.000 Peabody 4s 7.000 Sudbury 4s 7.000 Wayland 4s D ates op E xam ination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . OF . . . . S E C U R IT IE S . . . . . . . $997,774 56 650,680 30 $347,094 26 OW NED. Par Value. $4,000 Ware 4s 9.000 Wellesley 4s 15.000 Winthrop 4s 5.000 Wrentham 4s Public Funds, Notes. $5,000 Agawam 4s 2.500 Dedham 4s 3.000 Methuen 4s 99,300 Natick 3}4s 20.000 Natick 354s 60.000 Natick 3.98% 103,000 Natick 4s 6,200 Natick 5s 15.000 Wayland 3}4s 10.000 Wayland 354s 17.000 Wayland 4s 1.500 Wayland 434s Railroad Bonds. $20,000 Baltimore & Ohio 4)4s 5.000 Bangor & Aroostook 5s 13.000 Boston & Albany 4s 10.000 Boston & Albany 5s 5.000 Boston & Lowell 4s 92.000 Boston & Maine 4s 1.000 Burl. & Mo. River 6s 34.000 C., B. & Q. 4s 4.000 C., B. & Q. 5s 10.000 Chic., Mil. & St. Paul 4s 3,000 Chic. & Northw. 5s 35.000 Chic. & Northw. 6s 23.000 Concord & Montreal 4s 15.000 Dexter & Piscataquis 4s 47.000 Fitchburg 4s 10.000 Illinois Central 4s and . 65 63 59 69 A u dit , July 3-July 10 inclusive. Par Value. $10,000 Lake Shore & Mich. Cen. 4s 25.000 Louisville & Nashville 6s 10.000 Maine Central 434s 4.000 Mil., L. S. & Western 6s 15.000 Minn., St. P. & Sit. St. M. 5s 35.000 N. Y. C. &H. R.4s 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. 434s 25.000 St. Paul & Sioux City 6s 10.000 Wor., Nash. & Roch. 4s S tr e e t R a ilw a y B o n d s . $40,000 Boston Elevated 4s 16.000 Boston Elevated 4J4s 5,000 Lynn & Boston 5s 20.000 Springfield 4s 22.000 West End 4s 25.000 West End 434s 25.000 West End 5s B a n k S to c k s. Shs. 7 Boylston Nl. Bk., Boston 25 First Nl. Bk., 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. [Pub. Doc, REPO RT OF TH E 240 NEW BEDFORD FIVE CENTS SAVINGS BANK, NEW BEDFORD. 791 P U R C H A SE ST R E E T . Incorporated April 14, 1855. Number of corporators, 116; number of trustees, 39. J ir e h S w i f t , Jr., President. G e o r g e H. H. A l l e n , Clerk of the Corporation. W il l ia m H. P it m a n , Treasurer. W il l ia m F. T u r n e r , Assistant Treasurer. Board of Trustees: F. T. A ik e n , G. H. H. A l l e n , J. W. A l l e n , B e n ja m in 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 ie s , O. F. B r o w n , J. H. C l if 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 , H. H. D i x o n , J o h n D u f f , F. H. G if f o r d , A. McL. G o o d s p e e d , J. H. H e r r in g , E. W. H e r v e y , H. W. H e r y e y , C. M. H u s s e y , H. M. K n o w l e s , H. S. K n o w l e s , L. C. L a p h a m , P. M. L u n d , A. G. P ie r c e , Jr., A. R. P ie r c e , O. N. P ie r c e , J o sep h P o is s o n , W. H. S n o w , J. V. S p a r e , J. E. S t a n t o n , Jr., J ir e h S w i f t , Jr., A. L. S y l v i a , F r e d e r ic T a b e r , H. W. T a b e r , G. T. T h o m p so n , A. L . T u c k e r , J. W. W e b s t e r , W. R. W e s t . Board of Investment: B e n ja m in B a k e r , W . O. D e v o l l , J. H. H e r r in g , P. M. L u n d , A. G. P ie r c e , Jr., O. N. P ie r c e , J ir e h S w i f t , Jr., A. L . T u c k e r , W . R . W e s t . Auditing Committee: J ir e h S w i f t , Jr., J. W. W e b s t e r , R. C. P. C o g g e s h a l l . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable the second Wednesday of April and October. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 7 to 9 p .m . S T A T E M E N T OF C O N D IT IO N , O C T O B E R 31, 1916. A ssets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . . Stocks of banks and trust companies . . . 1,741 loans on real estate (average of each, $2,907.83) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85,073,917 00 12,250 00 144 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $115,000; assessed value, $146,200) . Deposits in national banks or trust companies . . . . . . . Cash . . . . . . . . . . . . . . . $2,110,265 1,973,470 299,843 231,072 153,700 00 00 75 75 00 5,061,667 2,675,870 70,000 439,791 18,002 00 00 00 01 01 . $13,033,631 52 T o t a l A ssets L ia b ilitie s . Due depositors on 36,769 accounts, averaging $323.21 each {Accounts opened during year, 6,177; closed, 8,498; increase, 1,679) Surplus: —• a. Guaranty fund (6.01% of deposits; increase during year, $34,600) b. Profit and loss (increase during year, $28,839.10) . Current income: —1 Interest . . . . . . . . . . Less current expenses not charged off . . . . . $11,884,225 34 595,600 00 527,094 01 $29,036 24 2,274 07 ---------------- 26,762 17 T o t a l L i a b i l i t i e s .......................................... $13,033,681 52 T o t a l E xpenses fo r th e Y ea r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $3,047.32 $52,604.28 Amount paid for $26,411.33 $20,645.63 $2,500.00 .23 4.03 Cost per $1,000 of assets 2.03 1.58 .19 1.81 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $597,878.10. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I No. 8.] BA N K COM M ISSIO N ER. 241 R a tes o n In v e stm e n ts a n d L oa n s (A verage o n A ll, 4.76% ). Real estate loans (average rate, 5.24 per cent.): 4J^%, $107,500 ; 4M%. $216,000; 5%, $2,150,273; 5J^%, $2,505,527; 6%, $82,367. Personal loans (average rate, 4.43 per cent.): 4%, $150,000; 4M%> $1,015,000; 4j/£%, $1,128,000; 4M%. $275,500; 5%, $94,565; 5J^%, $5,225; 6%, $7,580. Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.): 3J^%, $426,000; 4%, $2,551,500; 4M%, $40,000; 4.30%, $12,250; 4 ^ % , $1,010,000; 5%, $522,000; 5 ^ % , $105,000; 6%, $65,000; 7%, $32,500; 8%, $15,000; 9%, $59,700; 10%, $21,500. Number of loans not over $3,000 each, 1,387, amounting to $2,381,247. 213 real estate loans made during year, amounting to $616,570. D iv id en d s, D ep osits a n d W ith draw als. Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 57,135, amounting to . . Number of withdrawals during year, 29,158, amounting to Net increase in amount due depositors . . . . . . . . ....................................... . . . . . . . . $3,169,091 58 2,487,653 84 . . . $215,464 44 221,818 50 2,731,808 64 . $681,437 74 SCHEDULE OF SE C U R IT IE S O W N ED. P u b lic F u n d s, B on d s. Par Value. $200,000 Massachusetts 33^8 75.000 Massachusetts 4s 8.000 Bay City, Mich., 4s 5.000 Bay City, Mich., 5s 160.000 Boston 4s 40.000 Boston 4)4s 25.000 Bridgeport, Conn., 4s 55.000 Cambridge 4s 30.000 Canton, 0., 5}4s 20.000 Chicago, 111., 4s 25.000 Cleveland, 0., 4Hs 30.000 Danbury, Conn., 4s 50.000 Detroit, Mich., 4s 126.000 Fall River 4s 50.000 Grand Rapids, Mich., 4Las 25.000 Haverhill 4s 50.000 Holyoke 3J^s 24.000 Holyoke 4s 25.000 Kansas City, Mo., 4s 25.000 Lawrence 4s 25.000 Los Angeles, Cal., 4J4s 46.000 Lowell 4)4s 25.000 Lynn 4s 15.000 Milwaukee, Wis., 3J^s 50.000 Minneapolis, Minn., 4s 302.000 New Bedford 4s 146.000 New Bedford 4}^s 25.000 New London, Ct., 4s 25.000 New London, Ct., 5s 75.000 Oakland, Cal., 5}4s 50.000 Oshkosh, Wis., 4J^s 25.000 Providence, R. L, 4s 25.000 Salem 4s 30.000 San Francisco, Cal., 4J-£s Par Value. $20,000 San Francisco, Cal., 5s 20.000 Springfield 4s 32.000 Taunton 4J^s 10.000 Willimantic, Conn., 4s 2,500 Middleboro (F. D.) 4s P u b lic F u n d s, N otes. $109,000 Dartmouth 4s 6.000 Dartmouth 4}4s 12,250 Dartmouth 4.30% R a ilro a d B o n d s. $25,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4}/>s 25.000 Boston & Albany 3)^s 50.000 Boston & Albany 4}^s 50.000 Boston & Albany 5s 35.000 Boston & Maine 3Las 50.000 Boston & Maine 4s 75.000 Boston & Maine 4J^s 90.000 C.,B. &Q. 4s 75.000 Chic., Mil. & St. P. 4J^s 65.000 Chicago, Mil. & St. P. 5s 50.000 Chicago & Northwest. 5s 25.000 Cleveland Short Line 4J^s 50.000 Connecticut River 3Hs 25.000 Fitchburg 3L£s 50.000 Fitchburg 4s 25.000 Fitchburg 4J^s 39.000 Gouverneur & Oswe. 5s 1.000 Illinois Central 3J^s 140,000 Illinois Central 4s 50.000 Louisville & Nashville 4s 53.000 Louisville & Nashville 5s D a t e s of E x a m in a t io n , June 26-June 29 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Louisville & Nashville 6s 75.000 Maine Central4L£s 50.000 Michigan Central 4s 100.000 M„ St. P. & Sit. St. M. 4s 50.000 New England 4s 75.000 N. Y. C. & H. R. 4s 25.000 N. Y., N. H. & H. ZV2s 75.000 N. Y„ N. H. & H. 4s 15.000 Norfolk & Western 6s 130.000 Old Colony 4s 50.000 Portland Terminal Co. 4s 50.000 Providence Term. Co. 4s 25.000 Portland & Ogdens. 4Hs 150.000 Pennsylvania 4J/2S 65.000 Wilmar & Sioux Falls 5s S tr e e t R a ilw a y B o n d s . $75,000 Boston Elevated 4J£s 100.000 Boston Elevated 5s 25.000 Holyoke 5s 25.000 Springfield 4s 50.000 West End 4s 25.000 West End 5s B a n k S to c k s. 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 [Pub. Doc. REPORT OF TH E 242 NEW BEDFORD INSTITUTION FOR SAVINGS, NEW BEDFORD. 174 U N IO N ST R E E T . Incorporated June 16, 1825. Number of corporators, 118; number of trustees, 33. W il l ia m W. C r a p o , President. G e o r g e H. B a t c h e l o r , Treasurer. E dm un d W o o d , Clerk of the Corporation. P h il ip E. M a c y , Assistant Treasurer. Board of Trustees: G. N. A l d e n , G id e o n A l l e n , Jr., B. H. A n t h o n y , E. W. B o u r n e , E. S. B r o w n , C. W. C l if f o r d , C. A. C o o k , H. H. C r a p o , W . W. C r a p o , B e n ja m in C u m m in g s , H. E. C u sh m a n , E. P. H a s k in s , T. S. H a t h a w a y , C. M. H o l m e s , II. S. H u t c h in so n , C. S. K e l l e y , J. T. K e n n e y , N. B. K e r r , J. W. K n o w l e s , W. A. M a c k ie , H. C. W. M o s h e r , D. L. P a r k e r , E. T. P ie r c e , O l iv e r P r e s c o t t , W. A. R o b in s o n , W. A. R o b in s o n , Jr., J. E. N. S ii a w , E. D. St e t s o n , F. H. T a b e r , H. L. T if f a n y , E. S. W il d e , C. F. W in g , E dm un d W o o d . Board of Investment: W. W. C r a p o , O l iv e r P r e s c o t t , C. A. C o o k , G id e o n A l l e n , Jr., E. T. P ie r c e , T. S. H a t h a w a y , C. F. W in g . Auditing Committee: W. A. M a c k ie , B. H. A n t h o n y , E. T. P ie r c e . Deposits draw interest from first Monday of January, April, July and October; dividends are payable on the second Monday of April and October. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 7 to 9 p .m . S T A T E M E N T O F C O N D IT IO N , O C T O B E R 31, 1916. A ssets. 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 . . . 1,603 loans on real estate (average of each, $3,294-10) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,280,942 03 . . . 500 00 --------------------197 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $167,500; assessed value, $188,500) . . Real estate by foreclosure, etc. (assessed value, $18,200) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Internal revenue stamps . . . _ . . . . . . • . Deposits in national banks or trust companies . . . . . . . C a s h ........................................................................................................................................ $4,888,416 25 5,048,643 22 423,800 00 80,000 00 187,861 25 639,861 00 5,280,442 03 4,117,401 89 167,500 00 13,737 32 224 83 213 98 715,342 92 32,028 16 T o t a l A s s e t s .......................................... $21,695,472 85 L ia b ilitie s . Due depositors on 39,812 accounts, averaging $496.94 each . . . . . $19,784,147 46 {Accounts opened during year, 6,991; closed, 3,882; increase, 2,109) Surplus: — a. Guaranty fund {4-96% of deposits; increase during year, $40,700) . . . 980,700 00 b. Profit and loss (increase during year, $34,699.44) . . . . . . 784,457 13 Current income: — a. Interest . . . . . . . . . . $38,333 29 b. Earned discount . . . . . . . . 2,059 33 --------------------40,392 62 Unearned discount . . . . . . . . . . . . 5,775 64 T o t a l L i a b i l i t i e s .......................................... $21,595,472 85 T o t a l E xpenses fo r t h e Y ea r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Amount paid for $51,784.28 $23,652.49 Cost per $1,000 of assets 2.40 1.09 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $941,446.24. Advertising. Other Expenses. Total. $10,953.26 $86,390.03 .51 4.00 ....................................... 1.60 R ates o n I n v e stm e n ts a n d L oa n s (A verage o n A ll, 4.54% ). R eal estate loa n s (average rate, 5.07 per cent.): 4%, $252,000; 4)4% , $761,575; 4)4% , $73,000; 5%, $1,752,161.03; 5)4%, $2,269,262; 6%, $122,444. Personal loans (average rate, 4.51 per cent.): 4%, $100,000; 434%, $1,335,000; 434%, $1,428,000; 4)4,%, $647,500; 5%, $573,953.89; 534%, $11,300; 6%, $8,148. B on d s, stock s, etc. (average rate on amounts invested, 4.31 per cent.): 254 %, $145,000; 2)4% , $30,000; 3%, $285,000; 334%, $30,000; 3.30%, $55,000; 3.35%, $65,000; 3%%, $50,000; 3.40%, $55,000; 3 3 4 %, $2,021,000; 3.60%, $10,000; 3M%. $19,000; 4%, $6,398,542; 434%. $84,120; 434%, $788,990; 4%%, $19,030; 5%, $518,000; 6%, $316,500; 7%, $135,600; 8%, $119,000; 9%, $209,600; 10%, $43,000; 12%, $56,400; 16%, $17,000. Number of loans not ovjer $3,000 each, 1,331, amounting to $2,029,727.89. 143 real estate loans made during year, amounting to $336,235. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COM M ISSIO N ER. 243 D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 52,194, amounting to . . . . . ....................................... . . .• . Number of withdrawals during year, 31,706, amounting to . Net increase in amount due depositors s c h e d u l i: . o f . . . s e c u r it ie s . . . . . o w n e d . . $358,748 98 368,415 63 3,787,628 43 $4,514,793 04 3,398,755 02 $1,116,038 02 . P u b lic F u n d s, B on d s. Par Value. $100,000 Massachusetts 3s 350.000 Massachusetts 3J4s 177.000 Massachusetts 4s 50.000 Essex Co. 4s 31.000 Akron, 0., 5s 497.000 Boston 4s 35.000 Boston 4Ms 80.000 Brockton 4s 6.000 Cambridge 4s 100.000 Chicago, 111., 4s 50.000 Danbury, Ct., 4s 50.000 Dayton, 0., 5s 50.000 Detroit, Mich., 4s 6.000 Everett 4s 22.000 Everett 4}4s 31.000 Fall River 4s 60.000 Fitchburg 4s 50.000 Flint, Mich., 4J48 26.000 Gloucester 4s 50.000 Grand Rapids, Mich., 4J4s 74.000 Haverhill 4s 36.000 Holyoke 4s 130.000 Kansas City, Mo., 4s 50.000 Lawrence 4s 50.000 Los Angeles, Cal., 4bis 20.000 Lowell 4s 25.000 Lynn 4s 100.000 Minneapolis, Minn., 4s 143.000 New Bedford 3J4s 348.000 New Bedford 4s 50.000 Omaha, Neb., 4J4s 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., 4J4s 20.000 Somerville 4s 25.000 Spokane, Wash., 4s 50.000 Spokane, Wash., 4Mis 25.000 Springfield 3Mis 10.000 Springfield, O., 4J4s 63,750 Syracuse, N. Y., 4s 14,490 Waltham 4s 30.000 Woonsocket, R. I., 4s 50.000 Woonsocket, R. I., 4}4s 50.000 Worcester 4s 15.000 Youngstown, O., 4s 2.500 Acushnet4s 5,000 Brookfield 4s 25.000 East Providence, R. I., 4s 38,500 Fairhaven 4s 42.000 Marion 4 Mis 14.000 Nantucket 4J4s 25.000 Peppered 4s 8,400 Plainville 4s 13.000 Plymouth 4s 2.500 Reading 4s 3.500 Saugus 4s 19.000 Winthrop 3Ms P u b lic F u n d s , N o te s . $80,000 Bristol County 4s 15.000 Hampden Co. 2%a 25.000 Middlesex Co. 3s ^OROO Everett 2^s 50.000 Lawrence 3Mis 50.000 Lowell 3Mis 150,000 Lowell 4s 30.000 Marlborough 3.35% 40.000 Medford 2Mis 50.000 Quincy 3s 5.000 Quincy 314s 20.000 Revere 3.35% 3.000 Revere 4s 3,500 Acushnet 5s 10.000 Blackstone 2Ms 10.000 Blackstone 2%s 10.000 Brewster 2iHis 50.000 Bridgewater 2%b 15.000 Canton 3.35% 35.000 Canton 3.40% 20.000 Canton 3148 15.000 Concord 3Mis 40.000 Fairhaven 3Mis 34.200 Fairhaven 4s 24,120 Fairhaven 4Ms 1.000 Fairhaven 414s 19,030 Fairhaven 4%s 3,200 Fairhaven 5s 12.000 Falmouth 414s 2,990 Gosnold 414s 15.000 Hanover 3Ms 10.000 Holbrook 3.60% 5.000 Holliston 2Ms 10.000 Hull 3s 15.000 Lexington 2Ms 17,500 Mattapoisett 4s 25.000 Milton 314s 20.000 Needham 3.40% 6.000 Norwood 4s 15.000 Randolph 3Mis 5.000 Randolph 4s 20.000 Reading 3.30% 10.000 Rochester 314s 10.000 Sandwich 3.30% 4.000 Sunderland 4s 5.000 Swampscott 314s 10.000 Uxbridge 314s 10.000 West Bridgewater 314s 30.000 Westport 314s 28.200 Westport 4s 3,300 Westport 5s 25.000 Whitman 3.30% R a ilr o a d B o n d s . $25,000 Baltimore & Ohio 314s 25.000 Baltimore & Ohio 4s 50.000 Boston & Albany 314s 170.000 Boston & Albany 4s 100.000 Boston & Albany 5s 87.000 Boston & Lowell 4s 59.000 Boston & Lowell 5s 100.000 Boston & Maine 314s 200.000 Boston & Maine 4s 10.000 Boyer Valley 314s 8.000 Burl. & Mo. River 6s 200.000 C., B. & Q. 314s 358.000 C., B. & Q. 4s 7.000 C., B. & Q. 5s 50.000 Chic., Mil. & St. P. 4s D a t e s op E x a m in a t io n , July 17-22 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P$5o!oOO Chic., Mil. & St. P. 414s 25.000 Chic., Mil. & St. P. 5s 153.000 Chic. & Northwestern 4s 31.000 Chic., St. P., Minn. & O. 6s 25.000 Cleveland Short Line 414s 80.000 Concord & Montreal 4s 248.000 Connecticut River 314s 150.000 Delaware & Hudson 4s 50.000 Erie & Pittsburgh 314s 100.000 Fitchburg 314s 275.000 Fitchburg 4s 25.000 Fitchburg 4J4s 25.000 Great Northern 4J4s 100.000 Illinois Central 3s 150.000 Illinois Central 314s 125.000 Illinois Central 4s 68.000 Lake S. & Mich. South. 4s 50.000 Louisville & Nashville 4s 50.000 Louisville & Nashville 6s 60.000 Maine Central 414s 158.000 Michigan Central 4s 50.000 M„ St. P. & S. Ste. M. 4s 50.000 M., St. P. & S. Ste. M. 5s 50.000 Mobile & Ohio 6s 26.000 Montana Central 5s 225.000 New England 4s 50.000 N. Y. C. & H. R. 3Ms 370.000 N. Y., N. H.&H.4s 50.000 Norfolk & Western 6s 25.000 Old Colony 3J4s 419.000 Old Colony 4s 75.000 Pennsylvania 414s 14.000 Peoria & Northwest. 314s 71.000 Princeton & Northw. 3J4s 25.000 Rome, Wat. & Ogdens. 5s 20.000 Sioux City & Pacific 314s 30.000 St. J. & L. C. 5s 24,242 St. Paul, Minn. & Man. 4s 45.000 St. P., Minn. & Man. 6s 90.000 Washington County 314s 55.000 Wilmar & Sioux Falls 5s S tre e t R a ilw a y B o n d s. $84,000 Boston Elevated 4s 50.000 Boston Elevated 4}4s 50.000 Boston & Northern 4s 25.000 Holyoke 5s 25.000 Old Colony 4s 175,000 West End 4s 25.000 West End 5s B a n k S to ck s. 90 Eliot Nl. Bk., Boston 170 First Nl. Bk., Boston 230 Merchants Nl. Bk., 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 1.000 Mechanics NI. Bk., N. Bedford 1,096 Merchants NI. Bk., N. Bedford 200 Third Nl. Bk., Springfield REPORT OF TH E 244 [Pub. Doc. NEWBURYPORT FIVE CENTS SAVINGS BANK, NEWBURYPORT. 74 S T A T E S T R E E T . Incorporated April 24, 1854. Number of corporators, 65; number of trustees, 23. C h a r l e s T h u r l o w , President. J. W il l is C u r r ie r , Clerk of the Corporation. J o h n T . L u n t , Treasurer. J oh n A. M a y n a r d , Assistant Treasurer. Board of Trustees: L. H. B a il e y , J. H. B a l c h , Jr., C. A. B l is s , A. M. B r e w s t e r , M ic h a e l C a s h m a n , E r s k in e C l e m e n t , C. L. D a v i s , H. D. D o d g e , N a t h a n ie l D o l e , E r n e s t F o ss , E. A. H a l e , L a u r e n c e H a y w a r d , J. H . H ig g in s , W. F . H o u s t o n , W il l ia m I l s l e y , W. R . J o h n s o n , J. A. M a y n a r d , A. C. N a s o n , W. H . N o y e s , G. H . P l u m e r , G. W. R ic h a r d s o n , C h a r l e s T h u r l o w , H . B. T r a s k . Board of Investment: C h a r l e s T h u r l o w , G. W. R ic h a r d s o n , W. R . J o h n s o n , J. H. B a l c h , Jr., W il l ia m I l s l e y . Auditing Committee: L. H. B a il e y , E. A. H a l e , E r n e s t F o s s , C. A. B l is s . Deposits draw interest from last Monday of January, April, July and October; dividends are payable the first Monday of May 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. S T A T E M E N T OF C O N D IT IO N , O C T O B E R 31, 1916. A ssets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 425 loans on real estate (average of each, $3,070.07) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . $493,700 00 . . 536,015 00 . . 98,800 00 . . 57,084 00 . . 58,350 00 . $1,305,905 00 . . 1,125 00 --------------------- 1,304,780 00 57 loans on personal security . . . . . . . . . . 658,400 00 Bank building and fixtures (estimated value, $35,000; assessed value, $35,000) . . 30,000 00 Real estate by foreclosure, etc. (assessed value, $19,900) . . . . . . 14,647 52 Deposits in national banks or trust companies . . . . . . . 186,785 53 C a s h ....................................................................................................................................... 2,762 23 T o t a l A sse ts . . . . . . . . . . . . . . . $3,4 41 ,3 2 4 28 L ia b ilitie s . Due depositors on 6,790 accounts, averaging $452.77 each (Accounts opened during year, 1,085; closed, 632; increase, 453) Surplus: — a. Guaranty fund (4-98% of deposits; increase during year, $8,620) b. Profit and loss (increase during year, $18,133.27) . Current income: — Interest . . . . . . . . . . Less current expenses, etc., not charged off . . . Premium account . . . . . . . . T o t a l L ia b ilitie s . $3,074,328 99 153,220 00 203,429 98* $1,080 12 434 01 646 11 9,699 20 . . . . . $3,4 41 ,3 2 4 28 * The November, 1916, dividend of $58,831.09 not yet charged out of this amount. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. 245 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $5,999.59 $7,091.41 $800.00 $61.75 $1,648.78 $15,601.53 Cost per $1,000 of assets 1.74 2 .0 6 .23 .02 .48 4 .5 3 Cost per $1,000 of assets not including State tax and rent . . . . . . 2 .5 6 Gross income received during the year, $152,075.84. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 3 % ). Real estate loans (average rate, 5.02 per cen t.): 4M%> $53,300; 4M % , $11,250 ; 5%, $1,139,330; 5 }4 % , $37,000; 5M % . $44,100; 6%, $19,800. Personal loans (average rate, 4.21 per cent.): 4%, $231,650; 4 M%> $305,000; 4% % , $5,000; 4M%> $106,000; 4 3 A % , $2,000; 5%, $8,750. Bonds, stocks, etc. (average rate on amounts invested, 4.44 per cent.): 3%, $35,000; 3M%> $20,000; 3M % , $79,000; 4%, $760,200; 4 M % . $15,000; 4M % , $200,000; 5%, $90,800; 5M % . $15,000; 6%, $14,450 ; 8%, $38,700; 16%, $8,800. Number of loans not over $3,000 each, 297, amounting to $315,535. 36 real estate loans made during year, amounting to $110,300. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Number of deposits during year, 8,247, amounting to $56,094 94 57,133 09 408,718 52 Number of withdrawals during year, 5,089, amounting to $521,946 55 356,180 54 Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B on d s. Par Value. $15,000 Massachusetts 4s 87.000 Boston 4s 15.000 Boston 4Ms 7.000 Brockton 4s 15.000 Canton, 0., 5Ms 25.000 Chelsea 3Ms 15.000 Chelsea 4s 10.000 Fall River 4s 30.000 Lorain, 0., 5s 25.000 Los Angeles, Cal., 4Ms 25.000 Minneapolis, Minn., 4s 27.000 New Bedford 4s 10.000 New Britain, Ct., 4s 9.000 Newburyport 3Ms 25.000 Omaha, Neb., 4Ms 10.000 Seattle, Wash., 4Ms 10.000 Seattle, Wash., 5s 20.000 Springfield, Mo., 5s 15.000 Waterbury, Ct., 4s 30.000 Cumberland, R. I., 4s 20.000 East Providence, R. I., 4s 10.000 Enfield, Ct., 3Ms 10.000 Warwick, R. I., 4Ms 3.000 Augusta, Me. (W. D.), 4s $165,766 01 OF S E C U R IT IE S OW NED. P u b lic F u n d s , N o te s . Par Value. $20,000 Gloucester 3Ms 9,600 Rowley 4s R a ilr o a d B o n d s . $20,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 5s 15.000 Boston & Albany 3Ms 55.000 Boston & Albany 4s 25.000 Boston & Maine 4s 35.000 Boston & Maine 4Ms 10.000 C., B. & Q. 3Ms 40.000 C., B. & Q. 4s 10.000 Chi., Mil. & St. Paul 4Ms 75.000 Chicago & Northw. 4s 10.000 Connecticut River 4s 15.000 Fitchburg 4s 10.000 Fitchburg 5s 35.000 Illinois Central 3s 10.000 Illinois Central 4s 10.000 Louisville & Nashville 6s 30.000 Maine Central 4Ms 20.000 N. Y. Cent. & Hud. River 4s 10.000 N. Y., N. H. & H. 3Ms D a t e s o f E x a m in a t io n a n d A u d it , February 7 -1 0 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $35,000 N. Y., N. H. & H. 4s 35.000 Old Colony 4s 10.000 Portland Terminal Co. 4s 10.000 Upper Coos 4s 10.000 Upper Coos 4Ms 12.000 Worcester, Nash. & R. 4s S tr e e t R a ilw a y B o n d s . $25,000 Boston Elevated 4s 45.000 Boston Elevated 4Ms 10.000 Boston & Northern 4s 10.000 West End 4s 10.000 West End 5s B a n k S to ck s. Shs. 8 Boylston Nl. Bk., Boston 88 First Nl. Bk., Boston 25 Fourth-Atlantic Nl. Bk., Boston 300 Nl. Shawmut Bk., Boston 24 Nl. Union Bk., Boston 38 Webster & Atlas Nl. Bk., Boston 56 First Nl. Bk., Newburyport 89 Ocean Nl. Bk., Newburyport 246 REPO RT OF TH E [Pub. Doc. NEWTON SAVINGS BANK, NEWTON. 286 W A S H I N G T O N Incorporated June 17, 1831. STREET. Number of corporators, 29; number of trustees, 17. C h a r l e s T. P u l s if e r , President. W il l ia m F. B a c o n , Clerk of the Corporation. C h a r l e s H . C l a r k , Treasurer. H e r b e r t E. C u r r ie r , Vice Treasurer. Board of Trustees: W . F . B a c o n , 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 n i n g , S a m u e l F a r q u h a r , W . F . H a r b a c h , W . S. H ig g in s , G. W . J a c k s o n , G. J. M a r t in , F r a n c is M u r d o c k , T. W . P r o c t o r , C. T. P u l s if e r , G. F . S im p s o n , J. B. S im p s o n , A. R. W e e d , E. T. W isw a l l . Board of Investment: C. T. 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 arly. Auditing Committee: C. T. P u l s if e r , W. H. B a r k e r , E u g e n e 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 . and 6.30 t o 8 p . m . for deposits only. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. 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 . . . . . . . 831 loans on real estate (average of each, $5,540.91) . . . . . . . 27 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $50,000; assessed value, $53,600) . . Real estate by foreclosure, etc. (assessed value, $8,000) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T o t a l A ss e ts . . . . . $47,360 00 1,470,300 01 300,000 00 150,000 00 115,356 25 64,800 13 4,604,497 32 389,900 00 50,000 00 1,268 71 1,406 52 297,960 46 15,092 10 $7,5 07 ,9 4 1 50 L ia b ilitie s . . $6,901,125 81 Due depositors on 16,539 accounts, averaging $417.26 each (.Accounts opened during year, 1,517; closed, 1,085; increase, 482) Surplus: — a. Guaranty fund {4.94% of deposits; increase during year, $17,016) h. Profit and loss {increase during year, $33,031.01) . Current income: — a. Interest . . . . . . . . . . b. Rent . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . 340,935 00 178,248 01 $86,057 76 1,574 92 --------------. . . 87,632 68 $7,5 07 ,9 4 1 50 247 BAN K COMMISSIONER No. 8.1 T o t a l E xpen ses f o r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Amount paid for $10,074.59 $13,505.46 $2,500.00 Cost per $1,000 of assets 1.34 1.80 .33 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $2,229.26 $28,588.04 $278.73 .30 3.81 .04 2.14 Gross income received during the year, $338,197.76. B a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .6 5 % ). Real estate loans (average rate, 5 per cen t.): 4M % i $19,000; 5%, $4,554,247.32; 5M%> $2,000; 5M %» $28,200; 6%, $1,050. Personal loans (average rate, 4.70 per cent.): 4M%> $100,000; 4 M c/c, $115,000; 4 % % , $37,000; 5%, $92,000; 5M % , $45,000; 6%, $900. Bonds, stocks, etc. (average rate on amounts invested, 3.88 per cent.): 3% , $6,000; 3 M % . $706,000; 4 % , $1,148,100; 4 y2% , $250,000 ; 5%, $26,000. Number of loans not over $3,000 each, 355, amounting to $684,591.07. 76 real estate loans made during year, amounting to $636,150. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . $125,892 98 129,526 15 1,030,682 00 Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 14,283, amounting to $1,286,101 13 904,620 30 Number of withdrawals during year, 11,391, amounting to $381,480 83 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $1,000 Massachusetts 3s 25.000 Massachusetts 3Ms 1.000 Fall River 3Ms 5.000 Providence, R. I., 3s 10.000 Bristol, R. I., 3Ms 7,500 Needham 4s R a ilr o a d B o n d s. $50,000 Baltimore & Ohio 4Ms 25.000 Baltimore & Ohio 5s OF S E C U R IT IE S Par Value. $100,000 Boston & Albany 4s 80.000 Boston & Maine 3Ms 70.000 Boston & Maine 4s 100.000 Boston & Maine 4 Ms 200.000 C., B. & Q. 3Ms 175.000 C., B. & Q. 4s 25.000 Chi., Mil. & St. Paul 4Ms 20.000 Concord & Montreal 4s 70.000 Delaware & Hudson Co. 4s 140.000 Illinois Central 3Ms 25.000 Illinois Central 4s D a t e s o p E x a m in a t io n , February 28-March 1, inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OW NED. Par Value. $30,000 Lake Shore & Mich. So. 4s 25,000 N. Y. C. & H. R. 4Ms 100.000 N. Y., N. H. & H. 3Ms 230.000 N. Y., N. H. & H. 4s 25,000 Old Colony 4s S tr e e t R a ilw a y B o n d s . $110,000 Boston Elevated 4s 50,000 Boston Elevated 4Ms 140,000 West End 4s [Pub. Doc. REPO RT OF TH E 248 NEWTON CENTRE SAVINGS BANK, NEWTON. 81 U N IO N STREET Incorporated February 25, 1896. (N E W T O N C E N T R E ). Number of corporators, 36; number of trustees, 20. H e n b y H . K e n d a l l , President. M o e t o n C. T u t t l e , Clerk of the Corporation. W il l ia m H . R i c e , Treasurer. C h a b l e s G. C l a b k , Assistant Treasurer. Board of Trustees: W. C. B e e w e r , H. J. C a e l s o n , W. M. F l a n d e e s , F. G a s b a e i , N. H. G e o e g e , F. J. H a l e , A. L. H a b w o o d , M. B. J o n e s , S. W. J o n e s , H. H. K e n d a l l , C. S. L u i t w ie l e e , G . H. M e l l e n , W . M . N o b l e , O. E. N u t t e e , I. C. P a u l , F. L. R ic h a e d s o n , G . F. R ic h a e d s o n , A. L. S c o t t , M . C. T u t t l e , S. W . W i l d e e . Board of Investment: H. H. K e n d a l l , S. W. J o n e s , N. H. G e o e g e , I. C. P a u l , F. L. R ic h a e d s o n . Auditing Committee: A. L. S c o t t , M. B. J o n e s , G. H. M e l l e 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. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes Railroad bonds and notes . . . . Street railway bonds . . . . . American Tel. & Tel. Co. bonds Stocks of banks and trust companies 165 loans on real estate (average of each, $3,396.78) Less amount due on uncompleted loans . 20 70 00 00 25 560,468 31,300 8,453 396 28,640 1,881 49 00 44 10 76 43 $567,368 49 6,900 00 3 loans on personal security . . . . . . Real estate by foreclosure, etc. (assessed value, $15,800) Premium account . . . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . . . T ota l A $49,653 400,998 125,561 22,250 6,696 s s e t s ............................................... $ 1,2 36 ,2 9 9 37 L ia b ilitie s . Due depositors on 3,859 accounts, averaging $307.50 each . . . . . (Accounts opened during year, 618; closed, 479; increase, 189) Surplus: — a. Guaranty fund {2.72% of deposits; increase during year, $2,799.70) . b. Profit and loss (increase during year, $635.72) . . . . . . Current income: — Interest . . . . . . . . . . $8,690 56 Less current expenses not charged off . . . . . 690 11 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,186,651 60 32,267 62 9,379 70 8,000 45 T o t a l L ia b ilitie s . . $1,2 36 ,2 9 9 37 249 BANK COMMISSIONER, No. 8.] T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T a x e s . Advertising. Other Expenses. Total. State Tax (Net). Salaries. Rent. $89.25 $683.93 $5,270.81 Amount paid for $2,515.41 $1,295.94 $686.28 .07 .55 4 .2 5 Cost per $1,000 of assets 2 .0 3 1.05 .55 .......................................... 1.67 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $56,549.95. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 2 % ). Real estate loans (average rate, 5.07 per cent.): 5%, $496,173.49; 5M % . $50,045; 6%, $14,250. Personal loans (average rate, 5.40 per cent.): 5%, $18,800; 6%, $12,500. Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 3%, $8,000; 3 M%> $137,000; 3.65%, $22,000; 4%, $188,000; 4M % , $141,000; 5%, $129,000; 12%, $2,600; 14%, $1,400. Number of loans not over $3,000 each, 87, amounting to $157,299.49. 26 real estate loans made during year, amounting to $120,300. D i v id e n d s , D e p o s it s a n d W it h d r a w a ls . $20,188 11 21,112 81 343,946 16 Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 5,549, amounting to Number of withdrawals during year, 2,735, amounting to Net increase in amount due depositors SCHEDULE . OF . . . . S E C U R IT IE S . . . . . . . $385,247 08 266,040 76 . $119,206 32 OW NED. P u b lic F u n d s, B on d s. Par Value. $40,000 C.,B. &Q.4s Par Value. 10.000 Chi., Mil. & St. Paul 4s $5,000 Massachusetts 3Ms 30.000 Chicago, Mil. & St. P. 4Mis 22,000 Newton 3.65% 25.000 Chicago, Mil. & St. P. 5s 8.000 Br. & Tops., Me. (W. D.), 4s 16.000 Kennebec, Me. (W. D.), 3Mis 10.000 Fitchburg 3Ms 3.000 Fitchburg 4s 10.000 Fitchburg 5s R a ilr o a d B o n d s. 8.000 Illinois Central 3s 20.000 Illinois Central 3Mis $10,000 Atch., Top. & Santa F6 4s 18.000 Illinois Central 4s 3.000 Baltimore & Ohio 3Ms 1.000 Illinois Central 5s 10.000 Baltimore & Ohio 4s 1.000 Kal., Al, & Gr. Rapids 5s 24.000 Baltimore & Ohio 4 Mis 1.000 Me. Cen. & Eu. No. Amer. 4s 3.000 Baltimore & Ohio 5s 5.000 Michigan Central 3Ms 20.000 Boston & Albany 3Mis 1.000 Michigan Central 4s 5.000 Boston & Albany 4s 5.000 Mil., L. S. & W. 5s 5.000 Boston & Albany 5s 35.000 N. Y. C. &H. R.4Ms 3.000 Boston & Maine 4s 51.000 N. Y., N. H. & H. 3Ms 1.000 Boston & Maine 4Mis 15.000 N. Y., N. H. & H. 4s 7.000 C., B. & Q. 3Ma Par Value. $5,000 No. Maine Seaport 5s 25.000 Northern Pacific 4Ms 10.000 Pennsylvania 4Ms 1.000 Portland & R. Falls 4s S tr e e t R a ilw a y B o n d s . $3,000 Boston Elevated 4s 16.000 Boston Elevated 4Ms 30.000 Boston Elevated 5s 7.000 Boston & Revere 5s 5.000 Glouc., Essex & Bev. 5s 2.000 Lynn & Boston 5s 35.000 West End 4s 30.000 West End 5s B a n k S to ck s. Shs. 14 First Nl. Bk., Boston 26 Newton Trust Co. D a t e s o f E x a m in a t io n a n d A u d it , January 3-7 inclusive; June 28-July 3 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc, REPO RT OF THE 250 NONOTUCK SAVINGS BANK, NORTHAMPTON. 57 Incorporated February 9, 1899. M A IN STREET. Number of corporators, 43; number of trustees, 20. F r e d e r ic M. St a r k w e a t h e r , Clerk of the Corporation. S t e r l in g R . W h it b e c k , Assistant Treasurer. Board of Trustees: H. M. A b b o t t , E. H. B a n is t e r , C a l v in C o o l id g e , W. E. C o o n e y , C. N. F i t t s , H. N. G a r d in e r , M. S. H o w e s , R. W. I r w i n , C. W. K in n e y , C. H. L y m a n , R. W. L y m a n , C. K. M o r t o n , L. B. N iq u e t t e , E. K. P a r s o n s , H. A. P a r s o n s , O. W. P r o u t y , F. M. S t a r k w e a t h e r , S. R. W h i t b e c k , H. L. W il l ia m s , R. L. W il l is t o n . Board of Investment: C. W. K i n n e y , C. H. L y m a n , O. W. P r o u t y . Auditing Committee: C. H. L y m a n , H. A. P a r s o n s , F. M. S t a r k w e a t h e r . Deposits draw interest from first Wednesday of March, June, September and December; dividends are payable the first Wednesday of June and December. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m .; also Saturdays, for deposits only, 7 to 8 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 333 loans on real estate {average of each, $1,913.66) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $642,440 27 . . . 5,525 00 --------------------58 loans on personal security . . . . . . . . . . Real estate by foreclosure, etc. (assessed value, $300) . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . $30,386 68 150,390 05 53,676 25 18,008 75 24,726 00 5,200 78 636,915 27 117,741 22 300 00 57,209 37 1,405 25 $1,0 95 ,9 5 9 62 L ia b ilitie s . Due depositors on 2,641 accounts, averaging $388.83 each . . . . . $1,026,896 62 (Accounts opened during year, 4%8; closed, 846; increase, 82) Surplus: — a. Guaranty fund (3.85% of deposits; increase during year, $4,700) . . . 39,500 00 b. Profit and loss (increase during year, $3,985.49) . . . . . . 19,529 22 Current income: — Interest . . . . . . . . . . $11,872 20 Less current expenses not charged off . . . . 1,838 42 ------- ------------10,033 78 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $ 1,095,959 62 No. 8.] BAN K COMMISSIONER, 251 T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,607.75 $3,020.00 $600.00 $70.00 $946.80 $6,244.55 Cost per $1,000 of assets 1.47 2.75 .55 .06 .86 5.69 Cost per $1,000 of assets not including State tax and rent . ....................................... 3.67 Gross income received during the year, $51,957.08. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .8 3 % ). Real estate loans (average rate, 5 per cent.): 5%, $636,915.27. Personal loans (average rate, 5.05 per cent.): 5%, $105,241.22; 534%. $12,500. Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 3%, $5,000; 334%. $10,000: 334%. $35,000; 4%, $148,000; 4)4%. $39,000; 5%, $32,500; 6%, $5,000; 7%, $3,300; 8%, $4,700; 10%, $2,800; 14%, $1,000. Number of loans not over $3,000 each, 341, amounting to $496,906.49. 23 real estate loans made during year, amounting to $49,075. D iv id e n d s , D e p o s it s a n d W i t h d r a w a ls . Ordinary dividends declared during year: Dec., 1915, 2% . . . . . June, 1916, 1 M % ........................................ Number of deposits during year, 3,208, amounting to . . . . . Number of withdrawals during year, 2,219, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $3,000 Boston 3}4s 3.000 Minneapolis, Minn., 4s 3.000 Portland, Ore., 4s 10.000 St. Louis, Mo., 3J4s 6.000 So. Hadley 4s P u b lic F u n d s , N o te s . $6,000 Hatfield 4s R a ilr o a d B o n d s. $5,000 Baltimore & Ohio 3)4s 15.000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 5s . OF . . S E C U R IT IE S Par Value. $1,000 Boston & Albany 3}4s 5.000 Boston & Albany 434s 10.000 Boston & Albany 5s 10.000 Boston & Lowell 434s 11.000 Boston & Maine 4s 3.000 Boston & Maine 434s 20.000 C., B. & Q. 3)4s 5.000 0., B. & Q.4s 5.000 Chic., Mil. & St. Paul 5s 1.000 Connecticut River 334s 5.000 Erie & Pittsburgh 334s 5.000 Illinois Central 3s 10.000 Lime Rock 4s 5.000 Maine Central 4}4s 20.000 N. Y. C. & H. R. 4s 10.000 N. Y., N. H.&H.4S 2.000 Old Colony 4s D a t e s o p E x a m in a t io n , August 10,11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . $18,625 00 16,573 74 220,267 17 . $255,465 91 199,235 18 . $56,230 73 OW NED. S tr e e t R a ilw a y B o n d s . Par Value. $7,000 Boston Elevated 4s 16.000 Boston Elevated 434s 5,000 Boston Elevated 5s 10.000 Boston & Northern 4s 10.000 Old Colony 4s 10.000 West End 4s B a n k S to ck s. 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 252 REPO RT OF THE [Pub. Doc. NORTH ADAMS SAVINGS BANK, NORTH ADAMS. 86 M A I N Incorporated April 26, 1848. STREET. Number of corporators, 47; number of trustees, 15. H e r b e r t W. C l a r k , President. E z r a D. W h it a k e h , Treasurer. A . W . C h ip p e n d a l e , Clerk of thè Corporation. Board of Trustees: A. W. C h ip p e n d a l e , H. W. C l a r k , C . H. C u t t in g , W. P . M c C r a w , S h e r m a n M c V e ig h , C . T. P h e l p s , W. H. P r it c h a r d , W. H. S p e r r y , F. D. St a f f o r d , E dm on d V a d n a i s , J. P . W a l l , A. C . W e b e r , V . A. W h it a k e r , C . E. W h it n e y , C . E. W in c h e l l . Board of Investment: C . E . W in c h e l l , W . H . S p e r r y , W . P . M c C r a w . ' Auditing Committee: C. H. C u t t in g , A. W. C h ip p e n d a l e , S h e r m a n M c V 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. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . 481 loans on real estate {average of each, $3,491.62) . . . . . . 107 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $72,000; assessed value, $63,000) Real estate by foreclosure, etc. {assessed value, $18,000) . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . T ota l A . . . . . . . . . . . . . . . . $147,322 92 834,096 25 127,390 00 64,585 00 45,785 00 8,351 00 1,679,423 68 604,451 47 46,921 78 17,768 25 1,190 39 82,346 63 4,885 40 s s e t s ...............................................$ 3,664,517 77 L ia b ilitie s . Due depositors on 7,905 accounts, averaging $430.84 each (.Accounts opened during year, 1,219; closed, 877; increase, 342) Surplus: — a. Guaranty fund (5.13% of deposits; increase during year, none) b. Profit and loss (increase during year, $14,289.89) . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . $3,405,811 48 175,000 00 60,867 34 $22,205 94 739 33 21,466 61 1,330 75 41 59 Suspense account Savings bank life insurance https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $3,6 64 ,5 1 7 77 253 BANK COMMISSIONER No. 8.] T o ta l E xpen ses fo r th e Y e a r, in c lu d in g S ta te T axes. Advertising. Other Expenses. Total. State Tax (Net). Salaries. Rent. $84.59 $1,758.35 $17,195.35 Amount paid for $6,672.41 $7,680.00 $1,000.00 .02 .47 4.67 Cost per $1,000 of assets 1.82 2.09 .27 ..............................................................2.58 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $164,312.21. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 6 % ). Real estate loans (average rate, 5.24 per cent.): 4%, $150,000; 4]/^%, $234,960 ; 5%, $619,085.45; 5J^%, $19,500; 6%, $655,878.23. Personal loans (average rate, 4.58 per cent.): 4M%. $350,000; 4}4%, $120,650; 4M%, $22,655.61; 5%, $32,594.26; 6%, $78,551.60. Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3%, $60,000; 3.40%, $5,340; 3M%, $95,600; 3%%, $11,533.32; 4%, $688,450; 4M%, $28,000; 4 ^ % , $180,800; 5%, $159,000; 6%, $13,000. Number of loans not over $3,000 each, 440, amounting to $532,877.39. 62 real estate loans made during year, amounting to $80,350. D iv id e n d s , D e p o s it s a n d W i t h d r a w a l s . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 10,698, amounting to . . . . . $61,749 95 .......................................63,816 16 . . . ■ • • 679,235 23 Number of withdrawals during year, 6,112, amounting to . Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $5,000 Massachusetts 4s 2.000 Boston 4s 5.000 Bridgeport, Conn., 4D>s 4.000 Chicago, 111., 4s 5.000 Fall River 4s 10.000 Los Angeles, Cal., 4J^s 2.000 Melrose 4s 14.000 New Bedford 4s 15.000 Omaha, Neb., 4)^s 3.000 Portland, Ore., 4s 10.000 Portland, Ore., 6s 5.000 Springfield, Mo., 5s 3.000 East Bridgewater 4J4s 8.000 Littleton 4s 1,300 Plymouth 4s P u b lic F u n d s , N o te s . $5,340 North Adams 3.40% 13,600 North Adams 3)d>s 11,533 North Adams 3J4a 8,150 North Adams 4s 10,800 North Adams 4)^s 5,000 Florida 5s . OF . . S E C U R IT IE S . . . . . . $804,801 34 542,351 30 . $262,450 04 OW NED. R a ilr o a d B o n d s . Par Value. $20,000 Baltimore & Ohio 3J^s 35.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4}4s 64.000 Bangor & Aroostook 5s 2.000 Boston & Albany 3}^s 11.000 Boston & Albany 4s 10.000 Boston & Lowell 5s 7.000 Boston & Maine 4s 50.000 Boston & Maine 4)^s 85.000 C.,B. &Q. 4s 5.000 Chi., Indiana & Southern 4s 3(^000 Chic., Mil. & St. Paul 4s 6.000 Chic., Mil. & St. Paul 4)^s 5.000 Chi., Rock Island & Pacific 4s 5.000 Delaware & Hudson 4s 25.000 Fitchburg 4s 5.000 Fitchburg 4^s 25.000 Great Northern 4J4s 60.000 Illinois Central 3s 25.000 Illinois Central 3}4s 30.000 Lake Shore & Mich. So. 4s 15.000 Louisville & Nashville 5s 15.000 Maine Central 4J^s 7.000 Mil., Lake Shore & West. 5s 8.000 Minn., St. P. & Sit. St. M.4s D a t e s op E x a m in a t io n , October 23-27 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Par Value. $2,000 Minn., St. P. & Sit. St. M. 5s 3,000 New Orleans & Mobile 6s 30.000 N. Y. C. &H. R. 4s 35.000 N. Y., N. H. & H. 3J^s 102,000 N. Y„ N. H. & H. 4s 30.000 Northern Me. Seaport 5s 10.000 Old Colony 4s 25.000 Pennsylvania 4}4s 15.000 Portland Terminal Co. 4s 4.000 Port., Gt. Falls & Con. 4Lis 25.000 Sullivan County 4s S tr e e t R a ilw a y B o n d s . $15,000 Boston Elevated 4s 20.000 Boston Elevated 4}{s 12.000 Boston & Northern 4s 25.000 Hoosac Valley 4s 21.000 Hoosac Valley 5s 5.000 Old Colony 4s 25.000 Springfield 4s 6.000 West End 4s B a n k S to ck s. Shs. 400 North Adams Trust Co. 254 REPO RT OF TH E [Pub. Doc. NORTHAMPTON INSTITUTION FOR SAVINGS, NORTHAMPTON. 109 M A I N Incorporated March 1, 1842. STREET. Number of corporators, 32; number of trustees, 17. Board of Trustees: A . C . B a r d w e l l , H . H . C h il s o n , C . N. C l a r k , F. E . C l a r k , M e r r it t C l a r k , B . E . C o o k , E . F. C r o o k s , S. D . D r u r y , O. W . E d w a r d s , H . R . H in 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 in g , F. W . T h a y e r , H . M . T y l e r , O l iv e r W a l k e r , A r t h u r W a t s o n . Board of Investment: S. D. D r u r y , F. E. C l a r k , A r t h u r W a t s o n . Auditing Committee: F. E . C l a r k , E . F. C r o o k s , H . H . C h il s o n . Deposits draw interest from first Wednesday of January, April, July and October; dividends are pay able the first Wednesday of April and October. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m . ; also Mondays, 6.30 to 8 p . m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and n o t e s ............................................................................. $601,250 00 Railroad bonds and notes . . . . . . . . . . . 1,644,625 00 Street railway b o n d s ........................................................................................................... 380,875 00 Boston Terminal Co. b o n d s ................................................................................................. 100,000 00 American Tel. & Tel. Co. b o n d s ....................................................................................... 124,772 50 Stocks of banks and trust companies . . . . . . . . . 12,900 00 843 loans on real estate (average of each, $4,14®-80) . . . . $3,509,156 93 Less amount due on uncompleted loans . . . . . . 16,771 90 ---------------------------------------3,492,38503 69 loans on personal security . . . . . . . . . . 166,553 00 Bank building and fixtures (estimated value, $100,000; assessed value, $107,180) . . 100,000 00 Real estate by foreclosure, etc. (.assessed value, $ 5 9 ,4 2 0 )................................................ 60,084 30 Suspense a c c o u n t .......................................................................................................... 565 70 Accrued interest . . . . . . . . . . . . . . 8 75 Deposits in national banks or trust companies . . . . . . . 194,887 00 Cash and cash items . . . . . . . . . . . . 10,874 92 T ota l A s s e t s ...............................................$6,8 89 ,7 8 1 20 L ia b ilitie s . Due depositors on 15,732 accounts, averaging $411.34 each . . . . . $6,471,184 36 Accounts opened during year, 2,349; closed, 1,579; increase, 770) Surplus: — a. Guaranty fund (4-87% of deposits; increase during year, $23,000) . . . 315,000 00 b. Profit and loss (decrease during year, $7,586.76) . . . . . . 88,978 94 Current income: — I n t e r e s t ....................................................................................... $17,825 57 Less current expenses not charged off . . $1,202 82 Less State or local taxes not charged off . . 2,135 97 --------------------3,338 79 --------------------14,486 78 Unearned discount . . . . . . . . . . . . 131 12 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $6,8 89 ,7 8 1 20 255 BANK COMMISSIONER No. T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a x es. Advertising. Other Expenses. State Tax (Net). Salaries. Kent. Amount paid for $10,085.62 $11,295.36 Cost per $1,000 of assets 1.46 1 .64 Cost per $1,000 of assets not including State tax and rent . $408.55 .06 Total. $2,015.49 .29 $23,805.02 3.45 ....................................... 1.99 Gross income received during the year, $290,633.50. K a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .6 3 % ). Real estate loans (average rate, 4.98 per cent.): 4M%> $182,000 ; 5%, $3,260,885.03; 5M % , $45,000; 6%, $4,500. Personal loans (average rate, 5.28 per cent.): 5%, $85,295; 5M % . $68,848; 6%, $12,410. Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3M%> $620,000; 3.65%, $8,000; 3.85%, $9,000; 4%, $1,499,000; 4M % , $104,250; 4M % , $345,000; 5%, $315,000; 6%, $4,000; 7%, $900; 10%, $7,000; 12%, $5,000. Number of loans not over $3,000 each, 717, amounting to $896,908.72. 131 real estate loans made during year, amounting to $816,050. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916,2% Number of deposits during year, 19,069, amounting to . Number of withdrawals during year, 12,356, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $150,000 Massachusetts 3Ms 100,000 Massachusetts 4s 75.000 Boston 4s 50.000 Cambridge 4s 45.000 Northampton 3Ms 55.000 Northampton 4 Ms 25.000 Seattle, Wash.,4Ms 25.000 Seattle, Wash., 5s 5.000 Hadley (W. S. D.) 4s P u b lic F u n d s , N o te s . $8,000 Northampton 3.65% 9.000 Northampton 3.85% 6.000 Northampton 4s 3,250 Northampton 4Ms 13.000 Northampton 4Ms 5.000 Easthampton 4s 25.000 Hatfield 4Ms 2.000 Hatfield 4Ms OF . . . . S E C U R IT IE S . . $1,623,536 27 1,084,739 27 . . . . $538,797 00 OW NED. R a ilr o a d B o n d s . Par Value. $50,000 Baltimore & Ohio 5s 50.000 Boston & Albany 4s 50.000 Boston & Maine 4s 25.000 Boston & Maine 4Ms 4,000 Burl. & Mo. River 6s 75.000 C., B. & Q. 3Ms 50.000 C..B.&Q. 4s 50.000 Chi., Mil. & St. Paul4s 50.000 Chic., Mil. & St. Paul 5s 50.000 Chic. & Northw. 3Ms 25.000 Chic. & Northw. 4s 50.000 Chic., R. I. & Pac. 4s 150.000 Fitchburg 4s 25.000 Fitchburg 4 Ms 76.000 Holyoke & Westfield 4Ms 50.000 Illinois Central 3Ms 100.000 L. Shore & Mich. So. 3Ms 50.000 Michigan Central 3Ms 50.000 Milwaukee, L. S. & W. 5s D a t e s of E x a m in a t io n , May 22-24 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $115,504 68 120,233 69 1,387,797 90 Par Value. $100,000 N. Y. C. & H. R. 4s 100.000 N. York & N. E. 4s 215.000 N. Y.,N. H.&H.4S 100.000 No. Maine Seaport 5s , 80,000 Old Colony 4s 50,000 Providence & Wore. 4s S tr e e t R a ilw a y B o n d s . $200,000 Boston Elevated 4Ms 100,000 Boston & Northern 4s 50.000 Old Colony 4s 40.000 West End 5s B a n k S to ck s. Shs. 20 Merchants Nl. Bk., Boston 50 Second Nl. Bk., Boston 9 First Nl. Bk., Northampton 50 Northampton Nl. Bk. 256 REPO RT OF THE [Pub. Doc. NORTH AVENUE SAVINGS BANK, CAMBRIDGE. I9 6 0 M A S S A C H U S E T T S A V E N U E . Incorporated March 7, 1872. Number of corporators, 30; number of trustees, 15. C h a b i .e s F . St r a t t o n , President. E d w a r d B . S t r a t t o n , Treasurer. F r a n k E . S a n d s , Clerk of the Corporation. Board of Trustees: H . O. C u t t e r , E. L. G r u e b y , C. F. H a t h a w a y , W. L. H o o p e r , P h in e a s H u b b a r d , W. E. H u t c h in s , W. J. M a n d e i .i,, C. D. R ic e , F. E. S a n d s , A. P. S t o n e , C. F. S t r a t 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 , G . B . W a s o n . Board of Investment: C. F. S t r a t t o n , W. L. H o o p e r , W. E. H u t c h in s , E. L. G r u e b y , C. D. R i c e . Auditing Committee: C. F. 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 . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . $233,974 35 Railroad bonds and notes . . . . . . . . . . . 493,59760 Street railway b o n d s ........................................................................................................... 253,032 03 Boston Terminal Co. bonds . . . . . . . . . . . 5,000 00 American Tel. & Tel. Co. b o n d s ....................................................................................... 46,063 00 Stocks of banks and trust companies . . . . . . . . . 1,35000 Securities acquired in settlement of indebtedness . . . . . . . 4,28000 625 loans on real estate [average of each, $3,429.26) . . . . $2,145,629 33 Less amount due on uncompleted loans . . . . . . 2,350 00 --------------------2,143,279 33 27 loans on personal security . . . . . . . . . . 264,90000 Bank building and fixtures (estimated value, $40,000; assessed value, $81,400) . . 37,00000 Real estate by foreclosure, etc. (assessed value, $27,000) ....................................... 23,858 92 Taxes, insurance, etc., paid on mortgaged properties . . . . . . 74928 Premium account . . . . . . . . . . . . 49980 Deposits in national banks or trust companies . . . . . . . . 41,74385 C a sh ........................................................................................' .............................................. 7,631 55 T ota l A s s e t s ...............................................$ 3,556,959 71 L ia b i l i t i e s . Due depositors on 9,515 accounts, averaging $353.28 e a c h .......................................$3,361,451 10 {Accounts opened during year, 1,861; closed, 958; increase, 408) Surplus: — a. Guaranty fund {8.65% of deposits; increase during year, $8,300) . . . 122,800 00 b. Profit and loss {increase during year, $8,219.88) . . . . . . 63,341 69 Current income: — I n t e r e s t ....................................................................................... $12,099 44 Less current expenses not charged off . . . . 3,585 67 --------------------8,513 77 Unearned discount . . . . . . . . . . . . 853 15 T o t a l L ia b ilitie s . . . . . $ 3,556,959 71 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $5,102.38 $6,613.00 $2,000.00 $285.17 $4,016.68 $18,017.23 Cost per $1,000 of assets 1.43 1.86 .56 .08 1.13 5.06 Cost per $1,000 of assets not including State tax and rent . . . . . . 3.07 Gross income received during the year, $160,230.87. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 257 BAN K COMMISSIONER. No. 8.] R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 5 % ). Real estate loans (average rate, 5.02 per cent.): 4J^%, $12,500; 5%, $2,050,729.33; 5J^%, $62,800; 6%, $17,250. Personal loans (average rate, 4.28 per cent.): 3}4%, $25,000; 4%, $40,000; 4M%, $142,500; 4%%, $15,000; 4}4%, $22,500; 5%, $4,700; 6%, $15,200. Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cent.): 3%, $16,000; 3J^%, $179,400; 3.85%, $10,000; 4%, $468,000; 4 ^ % , $159,000 ; 5%, $212,500; 6%, $16,300. Number of loans not over $3,000 each, 342, amounting to $642,000.33. 52 real estate loans made during year, amounting to $205,563. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 13,504, amounting to . . Number of withdrawals during year, 8,419, amounting to . Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $21,000 Boston 4s 5.000 Brockton 4s 3.000 Cambridge 4s 5.000 Dubuque, la., 4s 6.000 Flint, Mich., 4Ms 1.000 Gloucester 4s 1.000 Holyoke 3J^s 2.000 Johnstown, Pa., 33^3 3.000 Kansas City, Mo., 4s 6.000 Lynn 3Hs 25.000 Los Angeles, Cal., 4J^s 2.500 Milwaukee, Wis., 4s 10.000 New Bedford 4s 1.000 New London, Ct., 3Hs 5.000 Oakland, Cal., 4)^s 5.000 Omaha, Neb., 4)4s 10.000 San Francisco, Cal., 5s 25.000 Seattle, Wash., 4J^s 1.000 Somerville 4s 2.000 Springfield 4s 4.000 Wilkes-Barre, Pa., 3J^s 7.000 Andover 4s 2.000 Ipswich 4s 10.000 Lincoln 3J^s 11.000 Marblehead 4s 8.000 Milford 4s 6,400 Palmer 3Hs 20.000 Revere 4s 7.500 Br. & Tops. Me. (W. D.), 4s P u b lic F u n d s , N o te s . $9,000 Chicopee 4s 10.000 Randolph 3.85% R a ilr o a d B o n d s . $35,000 Atchison, Top. & San. F64s 10.000 Baltimore & Ohio 3J^s 5,000 Boston & Albany 3)^s 15.000 Boston & Albany 5s 3.000 Boston & Lowell 3}4b . OF . . S E C U R IT IE S . . . . . ....................................... . . . . . . . . $785,040 02 568,414 91 . . . $216,625 11 OW NED. Street R a i l w a y B o n d s . Par Value. Par Value. $4,000 Boston & Lowell 4s $10,000 Boston Elevated 5s 1.000 Boston & Maine 3J^s 4.000 Boston, Milton & Brockton 5s 29.000 Boston & Maine 4s 15.000 Boston & Northern 4s 10.000 Boston & Maine 4J^s 1.000 Brockton 5s 1.000 Bridgeton & Saco R. 4s 11.000 Brock., Bridg. & Taunton 5s 14,200 Burl. & Mo. R. 6s 4.000 Brockton & E. Bridgew. 5s 20.000 C., B. & Q. 3Hs 11.000 Citizens Electric 5s 5.000 C., B. & Q. 4s 2.000 E. Middlesex 4s 3.000 C., B. & Q. 5s 1.000 Fitch. & Leominster 5s 5.000 Chic., Mil. & St. Paul 4s 18.000 George., Row. & Ips. 5s 20.000 Chic., Mil. & St. Paul 4J^s 1.000 Glouc., Essex & Beverly 5s 10.000 Chic., Mil. & St. Paul 5s 4.000 Leomin., Shirley & Ayer 5s 2.000 Chic. & Northw. 5s 12.000 Lowell, Law. & Haver. 5s 20.000 Chic., R. I. & Pac. 4s 15.000 Lynn & Boston 5s 5.000 Cleveland Short Line 4Hs 4.000 Marlboro’ & Westboro’ 5s 6.000 Concord & Montreal 4s 3.000 Mil., Holliston & Fram. 5s 4.000 Connecticut River 3Hs 7.000 Milford & Uxbridge 5s 1.000 Connecticut River 4s 2,500 Mystic Valley 5s 5.000 Dexter & Piscataquis 4s 10.000 Old Colony 4s 20.000 Fitchburg 3J^s 1.000 Peoples 5s 32.000 Fitchburg 4s 5.000 Providence & Taunton 5s 3.000 Fitchburg 4}/£s 5.000 South Shore & Boston 5s 16.000 Illinois Central 3s 8.000 Springfield & Eastern 5s 34.000 Illinois Central 3Hs 4.000 Taunton & Brockton 5s 1.000 Iowa, Minn. & Northw. 3J^s 5.000 Uxbridge & Blackstone 5s 5.000 Louisville & Nashville 4s 32.000 West End 4s 5.000 Louisville & Nashville 5s 20.000 West End 4)^s 10.000 Maine Central 4J^s 27.000 West End 5s 10.000 Me. Cent. & E. A. N. A. 4s 1.000 Western Mass. 5s 20.000 Michigan Central 4s 1.000 Wore. & Clinton 5s 5.000 Minn., St. P. & Sit. St. M. 4s 7.000 Wor. Consolidated 4Jd>s 20.000 N. Y. C. & H. R. 4s 1.000 Wore. Consolidated 5s 40.000 N. Y., N. H. & H. 3?^s 1.000 Wore. & Marlborough 5s 11.000 N. Y„ N. H. & H. 4s 4.000 Wore. & Southbridge 4J^s 3.000 Old Colony 4s 9.000 Portland & Ogdens. 4Hs 600 Republican Valley 6s 10.000 Upper Coos 4s B a n k S to ck s. 5.000 Upper Coos 4J^s Shs. 6.000 Washington Co. 3)^8 15 First Nl. Bk., Marlborough 10.000 West Vir. & Pittsburgh 4s D a t e s of E x a m in a t io n a n d A u d it , November 2-8 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $60,418 26 62,768 05 661,853 71 258 REPO RT OF THE [Pub. Doc NORTH BROOKFIELD SAVINGS BANK, NORTH BROOKFIELD. SUM M ER Incorporated February 28, 1854. STREET. Number of corporators, 37; number of trustees, 14. G e o b g e R . H a m a n t , President. M a u r ic e A . L o n g l e y , Clerk of the Corporation. A r t h u r C . B l is s , Treasurer. M . I. J o h n s o n , Assistant Treasurer. Board of Trustees: F . S. 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 . J. H o w a r d , M . A. L o n g l e y , H . T. M a y n a r d , T. G . R ic h a r d s , A. G . St o n e . Board of Investment: G. R. H a m a n t , 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 , M . J. H o w a r d . 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 . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 288 loans on real estate (average of each, $1,864.15) . . . . . . . 1 loan on personal security . . . . . . . . . . . Bank building and fixtures (estimated value, $10,000; assessed value, $10,000) . . Real estate by foreclosure, etc. (assessed value, $4,200) . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ........................................................................................................................................ T o t a l A s s e ts . . . . . $52,500 00 169,000 00 70,065 00 13,518 75 2,200 00 536,875 00 50 00 3,500 00 4,272 05 26,906 52 3,585 58 $882,472 90 L ia b ilitie s . Due depositors on 2,213 accounts, averaging $357.64 each (.4ccounis opened during year, 253; closed, 140; increase, 113) Surplus: — a. Guaranty fund (4-99% of deposits; increase during year, none) h. Profit and loss (increase during year, $2,864-75) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $791,463 36 39,500 00 37,388 75 $14,999 26 878 47 ---------- —— 14,120 79 T o t a l L i a b i l i t i e s ...............................................$882,472 90 BAN K COMMISSIONER. No. 259 T o t a l E x p en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Amount paid for $972.39 $1,642.42 Cost per $1,000 of assets 1.10 1.86 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $40.25 $596.71 «3,251.77 .04 .67 3.67 2.57 Gross income received during the year, $40,685.96. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .1 3 % ). Real estate loans (average rate, 5.41 per cent.): 5%, $186,350; 5^2%, $260,050; 6%, $90,475. Personal loans (average rate, 6 per cent.): 6%, $50. Bonds, stocks, etc. (average rate on amounts invested, 4.65 per cent.): $13,000; 4%, $109,900; 4y2%, $40,000 ; 5%, $130,000; 6%, $10,000; 7%, $5,000; 8%, $1,800. Number of loans not over $3,000 each, 221, amounting to $238,725. 38 real estate loans made during year, amounting to $105,050. D iv id e n d s , D e p o s it s a n d W i t h d r a w a l s . $15,308 92 16,199 63 144,553 05 Ordinary dividends declared during year: Jan., 1916, 2}4% July, 1916, 2M% Number of deposits during year, 2,014, amounting to $176,061 60 83,962 90 Number of withdrawals during year, 1,431, amounting to $92,098 70 Net increase in amount due depositors SCHEDULE Par Value. $5,000 Dayton, 0 ., 5s 10.000 San Francisco, Cal., 5s 10.000 North Brookfield 4s 10,500 Plainville 4s 4.000 Stamford, Ct., 4s P u b lic F u n d s , N o te s . $13,000 North Brookfield 3%s S E C U R IT IE S OW NED. Par Value. $15,000 Baltimore & Ohio 5s 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. 4J4s 12.000 Rome, Water. & Ogdens. 5s 10.000 Upper Coos 4)4s D a t e op E x a m in a t io n , March 24. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF R a ilr o a d B o n d s . P u b lic F u n d s, B o n d s. S tr e e t R a ilw a y B o n d s . Par Value. $20,000 Boston Elevated 4J^s 10.000 Boston Elevated 5s 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 B a n k S to ck s. Shs. 10 Eliot Nl. Bk., Boston 18 Spencer Nl. Bk. 4 Ware Nl. Bk. 260 REPO RT OF THE [Pub. Doc. NORTH EASTON SAVINGS BANK, NORTH EASTON. M A IN Incorporated February 8, 1864. STREET. Number of corporators, 25; number of trustees, 15. L orenzo B. C rockett , Clerk of the Corporation. rd of Trustees: F. L. A mes , H obart A mes , J. S. A mes , O akes A mes , W. I iel , W. K. G ow ard , J. B. D. F. B uckley , L. B. C rockett , S. S. E ar ly , C. R. F ield , J. R. F ield K in g , G. E. Shepard , J. M. W illia m s . Auditing Committee: F. L. A mes , J. M. W illiams , D. F. B uckley . Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable April 15 and October 15. Business hours: 9 a .m . to 12 m .; 1.30 to 3 p .m .; Saturdays, 9 a .m . to 12 M. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 363 loans on real estate (average of each, $2,567.93) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $932,559 21 . . 400 00 --------------------53 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $35,000; assessed value, $27,000) . . Real estate by foreclosure, etc. (assessed value, $7,200) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . ' . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . T o t a l A ss e ts . $45,000 00 461,086 81 260,535 11 5,000 00 43,173 61 12,480 00 16,597 50 . . . . . . . 932,159 21 755,500 00 25,000 00 12,846 37 213 06 49,707 15 2,004 34 $ 2,621,303 16 L ia b i l i t i e s . Due depositors on 4,507 accounts, averaging $542.84 each . . . . . (Accounts opened during year, 393; closed, 339; increase, 54) Surplus- — a. Guaranty fund 14-97% of deposits; increase during year, $2,584-75) . . . b. Profit and loss (increase during year, $6,432.09) . . . . . . Current income: — a. Interest . . . . . . . $5,732 60 b. Rent . . . . . . . 132 50 --------------------$5,865 10 Less current expenses not charged off . $286 99 Less bank building expense account . . 10 44 --------------------297 43 --------------------- $2,446,593 92 . $ 2,621,303 16 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 121,601 85 47,539 72 5,567 67 No. 8.] 261 B AN K COMMISSIONER. T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Amount paid for $6,808.85 $3,573.99 $575.00 Cost per $1,000 of assets 2.60 1.36 .22 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $881.61 $11,839.45 .34 4.52 1.70 Gross income received during the year, $121,137.50. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 2 % ). Real estate loans (average rate, 5.25 per cent.): 5%, $587,002.96; 5M%, $222,860.25; 6%, $122,296. Personal loans (average rate, 4.53 per cent.): 4M%. $25,000; 4M%, $616,500; 4M%, $114,000. Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3%, $25,000; 3M%i $113,000; 4%, $465,000; 4M%, $140,000; 5%, $124,800; 8%, $7,500. Number of loans not over $3,000 each, 284, amounting to $426,990.25. 16 real estate loans made during year, amounting to $26,800. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2 % Number of deposits during year, 2,413, amounting to . . . . . . ....................................... . . . . Number of withdrawals during year, 2,654, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s . Par Value. $10,000 San Francisco, Cal., 5s 5,000 Randolph 4s 30,000 No. Easton (Vil. Dist.) 4s R a ilr o a d B o n d s . $25,000 Baltimore & Ohio 5s 35.000 Boston & Albany 4s 8.000 Boston & Lowell 3Ms 20.000 Boston & Maine 3Ms 35.000 Boston & Maine 4Ms 35.000 C., B. & Q. 3Ms 25.000 Chicago & Northw. 4s 20.000 Concord & Montreal 4s 5.000 Dexter & Piscataquis 4s D a t e s of . OF . . . . . S E C U R IT IE S . . . . . $359,379 27 306,381 49 . $52,997 78 OW NED. Par Value. $10,000 Fitchburg 3Ms 20.000 Fitchburg 4s 10.000 Fitchburg 4Ms 25.000 Illinois Central 3s 15.000 Illinois Central 3Ms 30.000 Illinois Central 4s 20.000 Maine Central 4Ms 15.000 Minn., St. P. & Sit. St. M. 4s 15.000 N.Y. C. &H. R. 4s 20.000 N. Y., N. H. & H. 3Ms 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 10.000 Southern Pacific 4s E xam ination , January 28-February 1 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $46,674 81 47,438 43 265,266 03 S tr e e t R a ilw a y B o n d s . Par Value. $75,000 Boston Elevated 4Ms 20.000 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 B a n k S to ck s. Shs. 75 Nl. Shawmut Bk., Boston 38 Bristol Co. Nl. Bk., Taunton 262 REPO RT OF THE [Pub. Doc, NORTH END SAVINGS BANK, BOSTON. 57 C O U R T Incorporated February i7, 17, 1870. STREET. Number of corporators, 28; number of trustees, 11. W illiam G. S hillaber , President. F rank E. B u xton , Treasurer. E dw in A. B a y l e y , Clerk of the Corporation. Board of Trustees: E. A. B ayley , C. G. B urgess , J. T. B u rnett , F. E. B uxton , C. E. N oyf.s , I. E. N oyes , W . F. R obinson , C. P. S hillaber , W . G. Sh illaber , S. F. Squires , F. H. V ia u x , M. P. W h ite , A. M. W iggin , C. E. W iggin . Board of Investment: W. G. Sh illaber , C. E. W iggin , C. E. N oyes , J. T. B urnett , S. F. Squires Auditing Committee: C. G. B urgess , J. T. B urnett , A. M. W iggin . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 2 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds. . . . . * . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . 608 loans on real estate (average of each, $5,570.98) . . . . . . . 60 loans on personal security . . . . . . . . . . Real estate by foreclosure, etc. (assessed value, $27,250) . . . . . . Deposits in national banks or trust companies . . . . . . . Cash . .................................................................... .......................................................... T o t a l A s s e ts . . . . . $270,277 50 1,085,639 00 143,260 00 215,270 50 92,050 00 3,387,157 80 1,624,425 00 15,397 06 233,737 59 5,624 96 $ 7,072,839 41 L ia b ilitie s . Due depositors on 13,415 accounts, averaging $488.84 each . . . . . (Accounts opened during year, 1,279; closed, 1,094; increase, 185) Surplus: — a. Guaranty fund (4 .46% of deposits: increase during year, $16,500) . . . h. Profit and loss (increase during year, $12,444-74) . . . . . . Current income: — Interest . . . . . . . . . . $43,133 22 Less current expenses not charged off . . . . 6,647 35 --------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $6,557,765 89 292,500 00 186,087 65 36,485 87 $ 7,072,839 41 BAN K COMMISSIONER. No. 8.' 263 T o ta l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $13,081.12 $14,373.99 $5,750.00 $101.40 $3,882.28 $37,188.79 Cost per $1,000 of assets 1.85 2.03 .81 .01 .55 5.25 Cost per $1,000 of assets not including State tax and rent . 2.59 Gross income received during the year, $303,462.04. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .5 4 % ). Real estate loans (average rate, 4.88 per cent.): 4%, $202,000; 4J^%, $86,500; 4A % , $432,432.24; 5%, $2,553,025.56; 5A % , $67,850; 6%, $45,350. Personal loans (average rate, 4.40 per cent.): 4%, $128,250; 4J4%> $441,000; 4%%, $75,000; 4J^%, $908,275; 4M%, $60,000 ; 5%, $10,050; 6%, $1,850. Bonds, stocks, etc. (average rate on amounts invested, 4.01 per cent.): 3%, $25,000; 3M%. $110,000; 3.30%, $75,000; 3.40%, $15,000; 3A%, $520,000; 3%%, $20,000; 4%, $765,000; tyi%, $150,000; 5%, $150,000; 7%, $20,000. Number of loans not over $3,000 each, 354, amounting to $613,245. 59 real estate loans made during year, amounting to $344,725. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 12,415, amounting to , . Number of withdrawals during year, 10,214, amounting to . . . . . Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B on d s. Par Value. $25,000 Worcester 4s 10,000 Mansfield (W. D.) 4s P u b lic F u n d s , N o te ?. $50,000 Attleboro 3.30% 50.000 Gloucester 3.25% 50.000 Medford 3.25% 25.000 Melrose 3.30% 15.000 Amesbury 3.50% 15.000 Concord 3.40% 20.000 Mansfield 3.75% 10.000 Southboro 3.25% D a t e s o f E x a m in a t io n , https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $119,514 52 123,574 46 1,096,948 33 • $1,340,037 31 965,015 51 $375,021 80 OF S E C U R IT IE S OW NED. R a ilr o a d B o n d s. Par Value. $50,000 Atch., Top. & Santa F6 4s 50.000 Baltimore & Ohio 4s 25.000 Boston & Maine 3As 75.000 C„ B. & Q. 3Hs 50.000 Chic., Mil. & St. Paul 4As 25.000 Concord & Montreal 4s 25.000 Erie & Pittsburgh 3As 145.000 Fitchburg 4s 25.000 Illinois Central 3s 75.000 Illinois Central 3As 50.000 Illinois Central 4s 100.000 Maine Central 4J^s 50.000 Michigan Central 3As January 10, 11. Par Value. $50,000 Minn., St. P. & Sit. St. M. 4s 50.000 Minn., St. P. & Sit. St. M. 5s 50.000 N. Y. C. &H. R. 4s 50.000 N. Y„ N. II. & H. 3A2s 25.000 N. Y„ N. H. & H. 4s 40.000 Penobscot Shore Line 4s 70.000 Portland Terminal Co. 4s 20.000 Troy & Boston 7s 25.000 Upper Coos 4s S tr e e t R a ilw a y B o n d s . $50,000 Boston Elevated 5s 50.000 Boston & Northern 4s 50.000 West End 5s. 264 R E PO R T OF TH E [Pub. Doc. NORTH MIDDLESEX SAVINGS BANK, AYER. M A IN Incorporated March 5, 1885. STREET. Number of corporators, 35; number of trustees, 20. D an iel W. F letcher , President. E dward A . R ichardson , Clerk of the Corporation. Sarah T. T uten , Treasurer.* R alph L. H astings , Assistant Treasurer. Board of Trustees: W . H . A nn is , E ugene B a r r y , G. H. B ix b y , D. W . F letcher , H oward F u ller , T. L. H azen , D . G.. H oughton , H . E. M ead , F. A. P atch , O. K . P ierce , E. A . R ichardson , W . U. S h er w in , W aldo S paulding , E. D. Stone , B enjamin T a ft , P eter T ar b e ll , A . H. T u rner , H. B. W h ite , F rederick W h itn e y , C. F. W orcester . Board of Investment: D . W . F letcher , F. A . P atch , H . B. W h ite , O. K . P ier ce , P eter T ar b e ll . Auditing Committee: W. U. Sh er w in , H oward F u lle r , E. A. R ichardson . Deposits draw interest from first day of January, April, July and October; dividends are payable January 5 and July 5. Business hours: 9 to 11 a . m . ; 12.30 to 3 p . m . ; Saturdays, 8 a . m . to 1 p . m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A ss e ts . 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, $1,637.76) . . . . . . . 54 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $86,500; assessed value, $29,800) . . Real estate by foreclosure, etc. (assessed value, $6,575) . . . . . . Deposits in national banks or trust companies . ................................................. Cash and cash items . . . . . . . . . . . . T o t a l A s s e ts . $215,400 00 248,106 25 88,937 50 50,000 00 23,250 00 18,033 89 668,205 24 205,555 25 35,000 00 4,451 99 45,782 21 296 07 $ 1,6 03 ,0 1 8 40 L ia b i l i t i e s . Due depositors on 4,978 accounts, averaging $301.77 each (Accounts opened during year, 543; closed, 455; increase, 88) Surplus: — a. Guaranty fund (4.13% of deposits; increase during year, $3,725) b. Profit and loss (increase during year, $1,118.06) Current income: — a. Interest . . . . . . . $13,370 06 b. Rent . . . . . . . 501 61 . $1,502,223 23 62,025 00 27,033 81 $13,871 67 Less current expenses not charged off . . Less State or local taxes not charged off . . Less foreclosure income account not charged off $1,427 35 533 42 174 54 T o t a l L ia b ilitie s 2,135 31 ------------ 11,736 36 . $ 1,6 03 ,0 1 8 40 . * Ralph L. Hastings appointed Treasurer January 3, 1917. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. 265 T o t a l E xpen ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,043.23 $3,387.34 $625.00 $37.68 $1,059.00 $8,152.25 Cost per $1,000 of assets 1.90 2.11 .39 .02 .66 5.08 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.79 Gross income received during the year, $70,432.53. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 1 % ). Real estate loans (average rate, 5.09 per cent.): 4%, $1,468; 4M%> $12,700 ; 5%, $580,536.24; 5M%> $9,916; 6%, $63,585. Personal loans (average rate, 4.89 per cent.): 4%, $10,000; 4M%> $20,000; 4M%> $20,000; 5%, $126,204; 5M%, $11,575; 6%, $15,795. Bonds, stocks, etc. (average rate on amounts invested, 4.04 per cent.): 3%, $10,000; 3M%> $205,900; 3M%. $4,500; 4%, $296,000; 4M%, $25,000; 4M%. $45,000; 5%, $45,000; 6%, $500; 8%, $3,300; 10%, $8,200. Number of loans not over $3,000 each, 407, amounting to $478,460.49. 56 real estate loans made during year, amounting to $111,035. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . $27,483 95 28,101 13 232,053 14 Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 4,312, amounting to Number of withdrawals during year, 3,052, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $5,000 Massachusetts 3Ms 32.000 Boston 3Ms 25.000 Boston 4Ms 1.000 Fitchburg 4s 5.000 Marlborough 4s 5.000 Spokane, Wash., 4Ms 15.000 Springfield 3Ms 9.000 Mansfield (W. S. D.) 4s P u b lic F u n d s , N o te s . $8,000 Acton 4s 20.000 Ayer 4s 4.500 Groton 3Ms 10.000 Groton 4s 3.500 Harvard 4s 6.000 Littleton 4s 29.000 Pepperell 4s 3.000 Shirley 3Ms 33,900 Shirley (Vil. W. D.) 3Ms D ates of . OF . . . S E C U R IT IE S . . . . . . . $287,638 22 218,671 93 $6S,966 29 OW NED. R a ilro a d B o n d s. Par Value. $5,000 Baltimore & Ohio 4s 10.000 Bangor & Aroostook 5s 10.000 Boston & Albany 3Ms 5.000 Boston & Lowell 4s 5.000 Boston & Maine 4s 15.000 Boston & Maine 4Ms 5.000 B., Revere B. & Lynn 4Ms 12.000 C., B. & Q. 3Ms 20.000 C., B. & Q. 4s 5.000 Connecticut River 3Ms 15.000 Fitchburg 3Ms 1,8000 Fitchburg 4s 10.000 Fitchburg 5s 10.000 Illinois Central 3s 10.000 Illinois Central 3Ms 20.000 Illinois Central 4s 10.000 Mil., L. S. & W. 5s 10.000 N. Y. C. & H. R. 3Ms 10.000 N. Y. C. & H. R. 4s 5.000 N. Y., N. H. & H. 3Ms E xam ination , May 29 and 31. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Par Value. $30,000 N. Y., N. H. & H. 4s 6.000 Old Colony 4s 5.000 Wore., Nash, and Roch. 4s S tr e e t R a ilw a y B o n d s . $30,000 Boston Elevated 4s 15.000 Boston Elevated 4Ms 15.000 Boston Elevated 5s 10.000 Boston & Northern 4s 15.000 West End 4s 5.000 Worcester Con. 4Ms B a n k S to ck s. Shs. 40 First Nl. Bk., Ayer 5 Commercial Nl. Bk., Boston 10 Merchants Nl. Bk., Boston 28 Nl. Shawmut Bk., Boston 5 Peoples Nl. Bk., Boston 32 Merchants Nl. Bk., Worcester 266 REPO RT OF THE [Pub. Doc. ORANGE SAVINGS BANK, ORANGE. 11 W E S T Incorporated March 31, 1871. M A IN STREET. Number of corporators, 26; number of trustees, 11. A delbert W. B allou , President. G eorge W. A ndrew s , Treasurer. T. W esley B ridge , Clerk of the Corporation. Board of Trustees: G. W. A ndrew s , A . W. B allou , T. W. B ridge , E. M. B uell , H. S. D aw ley , F. A . D e x t e r , A. J. F isher , H. C. G ates , C. E. G ibb s , A. L. J ohnson , F. D . K ellogg . Board of Investment: A. W. B allou , A. J. F isher , E. M. B uell . Auditing Committee: A. J. F ish er , F. D. K ellogg , H. C. G ates . Deposits draw interest from first day of February, May, August and November; dividends are pay able February 1 and August 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12.30 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . 384 loans on real estate (average of each, $4,075.29) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,565,564 00 650 00 10,000 00 41,575 00 18,700 00 1,564,914 99,538 15,000 1,217 54,511 4,017 60 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $20,000; assessed value, $10,200) Real estate by foreclosure, etc. (assessed value, $1,590) . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . T o t a l A s s e ts $245,462 50 530,637 50 68,637 50 00 50 00 24 17 02 . $ 2,6 54 ,2 1 0 43 L i a b ilit ie s . Due depositors on 6,346 accounts, averaging $381.09 each (Accounts opened during year, 651; closed, 462; increase, 189) Surplus: —1 a. Guaranty fund (4.97% of deposits; increase during year, $6,191) b. Profit and loss (increase during year, $10,346.48) . Current income: — a. Interest . . . . . . . $22,831 28 b. Rent . ....................................... 509 74 120,205 00 94,122 68 $23,341 02 1,834 84 ---------------- Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $2,418,376 57 T o t a l L ia b ilitie s . 21,506 18 . $ 2,6 54 ,2 1 0 43 No. 267 BANK COMMISSIONER. T o t a l E x p e n s e s f o r t h e Y e a r , in c l u d i n g ' S t a t e T a x e s . State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $139.23 $1,259.62 Amount paid for $3,301.61 $5,030.59 $600.00 $10,331.05 Cost per $1,000 of assets 1.24 1.89 .22 .05 .47 3.87 Cost per $1,000 of assets not including State tax and rent . 2.41 Gross income received during the year, $118,235.19. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 2 % ). Real estate loans (average rate, 5 per cent.): 4J^%, $38,700; 5%, $1,497,186; o lA % , $6,900; 6%, $22,128 Personal loans (average rate, 5.15 per cent.): 4J4%, $20,000; 5%, $51,845; 5H%, $5,370; 6%, $22,323.50. Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3J^%, $222,000; 4%, $473.,400; 4K % , $11,000; 4J*%, $97,050; 4%%, $1,500; 5%, $112,300; 8%, $1,800; 10%, $11,600. Number of loans not over $3,000 each, 348, amounting to $341,937.50. 58 real estate loans made during year, amounting to $199,475. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Feb., 1916, 2% Aug., 1916, 2% Number of deposits during year, 5,405, amounting to $44,188 48 45,838 51 347,383 69 Number of withdrawals during year, 3,934, amounting to $437,410 68 283,515 18 Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $10,000 Baltimore, Md., 4s 35.000 Boston 4s 10.000 Cambridge 4s 30.000 Chicago, 111., 4s 5.000 Dayton, 0., 5s 5.000 Kansas City, Mo., 4)^s 10.000 La Crosse, Wis., 4s 5.000 Lawrence 4s 10.000 Lynn 3}4s 11.000 Lynn 4s 12.000 New Bedford 4s 5.000 New Britain, Ct.,4s 10.000 San Francisco, Cal., 5s 10.000 Sioux City, la., 4^s 10.000 Superior, Wis., 4Aa 5.000 Woonsocket, R. I., 4s 5.000 Southborough 4s 8.000 Westfield 3J^s 12.000 Shelburne Falls (F. D.) 4s 5.000 W. &'S. Acton (W. D.) 4s P u b lic F u n d s , N o te s . $1,000 Erving 4s 9.000 Erving 4s 350 Erving 4J^s D ates of OF . . S E C U R IT IE S . , . . . $153,895 50 OW NED. Par Value. $2,400 Orange 4s 13,500 Orange 4A& 1,500 Orange 4%s 2.000 Prescott 4As 2.000 Warwick 4}4s 1,200 Warwick 4}4s $15,000 N. Y. C. &H. R.4s 54.000 N. Y., N. H. & H. 3Aa 30.000 N. Y., N. H. & H. 4s 40.000 No. Maine Seaport 5s 17.000 Old Colony 4s 14.000 Washington Co. 3As R a ilr o a d B o n d s . S tr e e t R a ilw a y B o n d s . $5,000 Baltimore & Ohio4^s 27.000 Bangor & Aroostook 5s 10.000 Boston & Albany 4s 5.000 Boston & Lowell 4s 20.000 Boston & Maine 3As 15.000 Boston & Maine 4s 10.000 Boston & Maine 4b£s 10.000 Boston, R. B. & L. 4)^8 36.000 C., B. & Q. 3J^s 44.000 C., B. & Q. 4s 5.000 Chi., Mil. & St. Paul 4s 10.000 Connecticut River 4s 35.000 Delaware & Hudson Co. 4s 43.000 Fitchburg 4s 5.000 Fitchburg 5s 70.000 Illinois Central 3}4>s 5.000 Maine Central 4As 15.000 Minn., St. P. & Sit. St. M. 4s $20,000 Boston Elevated 4A b 10.000 Boston Elevated 5s 15.000 Boston & Northern 4s 1.000 Holyoke 5s 5.000 Mystic Valley 5s 10.000 Old Colony 4s 5.000 West End 5s " 5.000 Worcester & Southhridge 4A b E xam ination , May 18, 19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . B a n k S to c k s. Shs. 6 Millers River Nl. Bk., Athol 10 Metropolitan Trust Co., Boston 8 Webster & Atlas Nl. Bk., Boston 43 Franklin Co. Tr. Co., Greenfield 100 Orange Nl. Bk. 10 Third Nl. Bk., Springfield 268 REPO RT OF THE [Pub. Doc. PALMER SAVINGS BANK, PALMER. 435 M A I N Incorporated March 4, 1870. STREET. Number of corporators, 42; number of trustees, 17. Roscius C. N ew e ll , President. C harles L. W a id , Treasurer. C harles A. T abor , Clerk of the Corporation. Board of Trustees: H. E. W . C lark , M . J. D illon , J. F. F oley , C. E. F uller , F. J. H amilton , J. O. H amilton , E. E. H obson , G. S. H olden , L. R. H olden , C. A. L e G ro , G. D . M ooers, R. C. N ew ell , C. F. S mith , W . E. Stone , C. A. T ab or , E. B. T aylor , C. L. W a id . Board of Investment: R. C. N ew ell , W . E. Stone , C. F. Smith , H . E. W . C lark , E. E. H obson . Auditing Committee: W. E. Stone , E. B. T aylor , C. A. L e G ro . Deposits draw interest from first day of January, April, July and 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 . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 750 loans on real estate (average of each, $2,900.72) . Less amount due on uncompleted loans . . . . . . . . . . . . . . $2,179,817 00 . . 4,274 42 --------------------66 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $4-9,000; assessed value, $39,550) . . Deposits in national banks or trust companies . . . . . . . C a s h .................................................................... ......... . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . $211,200 00 601,712 50 39,175 00 54,512 50 10,900 00 2,175,542 58 212,284 00 43,412 34 130,205 25 7,233 68 $3,4 86 ,1 7 7 85 L ia b ilitie s . Due depositors on 7,586 accounts, averaging $427.94 each . . . . . (Accounts opened during year, 1,200; closed, 848; increase, 852) Surplus: — a. Guaranty fund (4.89% of deposits; increase during year, $9,032.19) . b. Profit and loss (increase during year, $1,594-56) . . . . . . Current income: — o. Interest . . . . . . . $15,734 24 b. R e n t ........................................................... 586 92 --------------------$16,321 16 Less current expenses not charged off . . . . 3,066 72 158,709 92 67,682 76 13,254 44 137 86 Suspense account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $3,246,392 87 T o t a l L ia b ilitie s . . $ 3,4 86 ,1 7 7 85 269 BAN K COMMISSIONER, No. 8.] T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. Total. Rent. Advertising. Other Expenses. State Tax (Net). Salaries. $2,715.05 $15,302.78 Amount paid for $4,389.98 $7,196.68 $600.00 $401.07 .78 4.37 Cost per $1,000 of assets 1.25 2.06 .17 .11 2.95 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $160,615.72. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 7 % ). Real estate loans (average rate, 5.01 per cent.): 5%, $2,145,590.58; 5)4%i $9,004; 6%, $20,748; 6)4%f $ 200 . Personal loans (average rate, 4.62 per cent.): 4)4%, $90,000; 4%%, $10,000; 4)4%, $35,000; 5%, $66,134; 5)4%, $2,000; 6%, $9,150. Bonds, stocks, etc. (average rate on amounts invested, 4.58 per cent.): 3%, $35,000; 4%, $405,000; 4)4%, $141,200; 5%, $291,000; 6%, $51,100; 8%, $9,800. Number of loans not over $3,000 each, 606, amounting to $777,703. 92 real estate loans made during year, amounting to $322,198. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 9,660, amounting to . . Number of withdrawals during year, 4,053, amounting to Net increase in amount due depositors SCH EDULE P u b lic F u n d s , N o te s . $4,200 Three Rivers (F. D.) 4J4s E xam ination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . S E C U R IT IE S . . and . . . . $710,973 25 471,206 72 . . $58,672 40 60,644 00 591,656 85 . $239,766 53 OW NED. Par Value. $20,000 Baltimore & Ohio 5s 25.000 Beech Creek 4s 10.000 Boston & Albany 5s 10.000 Boston & Lowell 4)4s 15.000 Boston & Maine 4)^s 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 20.000 Hutchinson &; Southern 5s 35.000 Illinois Central 3s 50.000 Illinois Central 4s 15.000 Ind., Illinois & Iowa 4s 35.000 Louisville & Nashville 5s 25.000 Mich. Central-Det. &B. City 5s 15.000 Mil., L. S. & Western 5s 20.000 Montana Central 5s 5,000 N. Y., Lackawanna & W. 6s 25.000 N. Y. C. & H. R. 4s 15.000 N. Y. C. &H. R.4J4s Par Value. $25,000 Boston 4s 15.000 Cambridge 4s 30.000 Chelsea 4s 10.000 Chicago, 111., 4s 10.000 Cleveland, 0., 4)4s 10.000 Dayton, 0., 5s 15.000 Everett 4s 18.000 Milwaukee, Wis., 4s 12.000 Milwaukee, Wis., 4)4s 10.000 Omaha, Neb., 4)4s 12.000 Quincy 4s 10.000 San Fran., Cal., 5s 10.000 Seattle, Wash., 4)4s 20.000 Springfield, Mo., 5s op OF . . R a ilro a d B o n d s. P u b lic F u n d s , B o n d s . D ates . . . . . . ....................................... . . . Par Value. $10,000 N. Y., N. H. & H. 4s 10.000 No. Maine Seaport 5s 10.000 Pennsylvania 4)4s 25.000 Portland & Ogdens. 4)4s 30.000 Portland Terminal Co. 4s 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 10.000 Vermont Valley 4)4s S tr e e t R a ilw a y B o n d s . $10,000 Boston Elevated 4)4s 10.000 Boston Elevated 5s 10.000 Boston & Northern 4s 10.000 West End 5s B a n k S to c k s. Shs. 11 Monson Nl. Bk. 98 Palmer Nl. Bk. A udit , December 18-22 inclusive. 270 REPO RT OF THE [Pub. Doc. PENTUCKET SAVINGS BANK, HAVERHILL. 42 W A S H IN G T O N Incorporated March 17, 1891. STREET. Number of corporators, 30; number of trustees, 15. J oseph W . V ittum , President. H enry B. G eorge , Treasurer. H . I van H a l l , Clerk of the Corporation. Board of Trustees: G. F. C arleton , G. H. C arleton , W. G. C ogswell , J. I. C urtis , G. W. D obbins , A. F. D urgin , D . G. F o x , J. W. H a r ris , D . C. H unt , N. C. J ohnson, J. F. N ichols, F. W . P eabody , J. H. Sayw ard , I. F. Sleeper , J. W. V ittum . Board of Investment: J. W. V ittum , J. W. H a r ris , G. H. C arleton , G. F. C arleton , D. C. H unt . Auditing Committee: D . C. H u n t , W . G. C ogswell , D . G. C o x . Deposits draw interest from first day of February, May, August and November; dividends are pay able the first Wednesday of February and August. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 a .m . to 12.30 P.M. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 402 loans on real estate (average of each, 93,699.11) . Less amount due on uncompleted loans . . . $67,703 232,036 42,850 10,000 42,256 9,300 70 91 00 00 25 00 1,487,043 382,725 25,000 44,253 1,473 60 00 00 18 61 $1,488,443 60 1,400 00 34 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $25,000; assessed value, $26,700) Deposits in national banks or trust companies Cash and cash items . . . . . . . . . T o t a l A s s e ts $2,3 44 ,6 4 2 25 L ia b ilitie s . Due depositors on 4,670 accounts, averaging $472.95 each {Accounts opened during year, 714; closed, 481; increase, 233) Surplus: — a. Guaranty fund {2.97% of deposits; increase during year, 95,427) h. Profit and loss {increase during year, $9,751.12) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,208,690 08 65,654 55 63,509 07 $8,118 43 1,329 88 6,788 55 T o t a l L ia b ilitie s . . $2,3 44 ,6 4 2 25 No. 8. BANK COMMISSIONER. 271 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,163.27 $4,871.35 $1,000.00 $60.05 $1,349.17 $10,443.84 Cost per $1,000 of assets 1.35 2.08 .43 .02 .57 4.45 Cost per $1,000 of assets not including State tax and rent 2.67 Cross income received during the year, $110,853.36. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .9 0 % ). Real estate loans (average rate, 5.20 per cent.): 4}4%i $3,000; 4M%, $31,500; 5%, $1,108,668.60; 5}4%, $56,800; 6%, $287,075. Personal loans (average rate, 4.34 per cent.): 4}i% , $283,000; 4}^%, $76,000; 5%, $23,100; 6%, $625. Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cent.): 3%, $10,000; 3J^%, $85,000; 4%, $208,900; 4 ^ % , $62,000; 4M%, $5,000; 5%, $40,000; 8%, $9,300. Number of loans not over $3,000 each, 290, amounting to $476,760.56. 44 real estate loans made during year, amounting to $180,918. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Feb., 1916, 2% Aug., 1916, 2% Number of deposits during year, 6,212, amounting to $39,975 58 41,986 17 442,912 42 Number of withdrawals during year, 3,941, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $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 1.000 Wellesley 4s P u b lic F u n d s , N o te s . $4,500 Norwood 4s R a ilr o a d B o n d s. $4,500 Baltimore & Ohio 3}t>s 20.000 Baltimore & Ohio 5s D ates of OF . . . S E C U R IT IE S . . . . . . $524,874 17 377,311 27 . . $147,562 90 OW NED. Par Value. $5,000 Boston & Albany 3Ms 3.000 Boston & Albany 4s 3.000 Boston & Lowell 4s 5.000 Boston & Maine 3L£s 10.000 Boston & Maine 4s 4.000 Boston & Maine 4Hs 38.000 Cleveland Short Line 4JAs 5.000 Fitchburg 3Jl>s 5.000 Fitchburg 4s 10.000 Illinois Central 3s 10,500 Illinois Central 3J^s 2.000 Illinois Central 4s 10.000 Minn., St. P. & Sit. St. M.4s 33.000 N. Y. C. & H. It. 4s 40.000 N. Y., N. H. & H. 3^s 6.000 N. Y., N. H. &H.4s 10.000 Pennsylvania 43As 3.000 Upper Coos 4s E xam ination , March 3, 4. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Par Value. $5,000 Washington Co. 3J^s 5.000 West Virginia & Pittsburgh 4s 4.000 Wore., Nash. & R. 4s S tr e e t R a ilw a y B o n d s . $20,000 Boston Elevated 4s 5.000 Boston Elevated 43dis 10,000 Boston & Northern 4s 5.000 Lynn & Boston 5s 5.000 West End 4J^s B a n k S to c k s. Shs. 52 Nl. Shawmut Bk., Boston 35 Fourth-Atlantic Nl. Bk., Boston 6 First Nl. Bk., Haverhill 272 REPO RT OF TH E [Pub. Doc, PEOPLE’ S SAVINGS BANK, BROCKTON.* 221 M A I N Incorporated February 8, 1895. STREET. Number of corporators, 48; number of trustees, 23. W illiam L. D ouglas, President. H erman S. H ew ett , Clerk of the Corporation. C harles S. L uddbn , Treasurer. A rthur T. M ooney , Assistant Treasurer. Board of Trustees: G. W. A lden , L. E. C hamberlain , M. A. D a v is , W. L. D ouglas, H ervey D un ham , J. H. F ield , E. H . F letcher , R . C. F ra ser , F. B. G ardner , H. S. H ew ett , E. B. K eith , J. S. K ent , H . L. K ingman , E. M. L o w , C. S. L udden , K enneth M cL eod , A. T . M ooney , F. E. P ackard , D avid P erkin s , W. A. R eed , F. P. R ichmond , B ernard Saxto n , L on W eston . Board of Investment: W. L. D ouglas, E. M. L ow, F. B. G ardn er , F. P. R ichmond , F. E. P ackard . Auditing Committee: F. B. G ardn er , E. B. K eith , H. L. K ingman . Deposits draw interest from tbe 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. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . Securities acquired in settlement of indebtedness . . . . 761 loans on real estate (average of each, $4,244-05) . . . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . $3.348,274 43 118,549 00 --------------------47 loans on personal security ........................................................................................ Bank building and fixtures (estimated value, $80,000; assessed value, $58,450) . . Real estate by foreclosure, etc. {assessed value, $10,400) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . $445,881 00 912,717 78 239,917 95 98,858 75 11,687 62 3,229,725 43 294,064 14 74,000 00 5,445 14 4,461 43 61,929 02 7,294 59 s s e t s ...............................................$5,385,982 85 L ia b ilitie s . Due depositors on 24,677 accounts, averaging $210.87 each . . . . . CAccounts opened during year, 5,148; closed, 8,917; increase, 1,281) Surplus: — a. Guaranty fund (3.07% of deposits; increase during year, $20,000) . . . b. Profit and loss (increase during year, $809.09) . . . . . . Current income: — Interest . . . . . . . . . . $8,321 21 Less current expenses not charged off . . . . 1,910 64 ---------------------- $5,203,661 02 160,000 00 15,911 26 6,410 57 T o t a l L i a b i l i t i e s ...............................................$ 5,385,982 85 Statements of Life Insurance Departments appear on pages immediately following page 395. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8. BAN K COMMISSIONER. 273 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Amount paid for $7,473.98 $10,733.48 Cost per $1,000 of assets 1.39 1.99 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $534.23 $2,136.30 $20,877.99 .10 .40 3.88 ....................................... 2.49 Gross income received during the year, $232,540.33. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 2 % ). Real estate loans (average rate, 5 per cent.): 4M%'. $421,000; 4%%, $63,500; 5%, $2,389,744.44; 5M%. $243,751.99; 6%, $111,729. Personal loans (average rate, 4.79 per cent.): 4M%. $165,000; 4M%, $47,000; 5%, $45,950; 5M%, $4,500 ; 6%, $31,614.14. Bonds, stocks, etc. (average rate on amounts invested, 4.19 percent.): 3%, $25,000; 3M%, $291,000; 4%, $1,119,425; 4M%. $27,000; 4M%, $194,250; 5%, $92,000; 5M%, $10,000; 6%, $14,500. Number of loans not over $3,000 each, 505, amounting to $886,580.88. 172 real estate loans made during year, amounting to $866,925. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: March, 1916, 2% Sept., 1916, 2% Number of deposits during year, 58,901, amounting to Number of withdrawals during year, 27,627, amounting to Net increase in amount due depositors SCHEDULE Public Funds, Bonds. op E xam ination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . O F S E C U R IT IE S . . . . . $1,756,083 23 1,267,171 36 . $488,911 87 R a ilro a d B on d s. Par Value. $5,000 Dexter & Piscataquis 4s 5.000 Fitchburg 3Ms 43.000 Fitchburg 4s 30.000 Illinois Central 3Ms 5.000 Man., Gr. B. & N. W. 3Ms 40.000 N. Y. C. & H. R. 4s 186.000 N. Y., N. H. & H. 3Ms 75.000 N. Y., N. H. & H. 4s 25.000 No. Maine Seaport 5s 10.000 Portland Terminal Co. 4s 10.000 Providence Terminal Co. 4s 10.000 Washington Co. 3Ms $10,000 Atch., Top. & Santa F6 4s 25.000 Baltimore & Ohio 4s 40.000 Baltimore & Ohio 4Ms 15.000 Boston & Lowell 5s 205,000 Boston & Maine 4s 25.000 Boston & Maine 4Ms 50.000 C„ B. & Q. 4s 24.000 Chi., Indiana & Southern 4s 70.000 Chi., Mil. & St. Paul 4s 22.000 Chic. & No. Western 4s 8.000 Concord & Montreal 4s 17.000 Connecticut River 4s $47,000 Boston Elevated 4s 44.000 Boston Elevated 4Ms 15.000 Boston Elevated 5s 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 4Ms P u b lic F u n d s, N otes. $25,000 Stoneham 3s and . OW NED. Par Value. $3,000 Methuen 4s 2,100 Plainville 4s 4.000 Saugus 4s 1.000 Wakefield 3Ms 76,925 West Bridgewater 4s 5.000 Westwood 3Ms Par Value. $10,000 Massachusetts 3Ms 68.000 Boston 4s 20.000 Boston 4Ms 24.000 Brockton 3Ms 20.000 Brockton 4s 7.000 Brockton 4Ms 5,250 Brockton 4Ms 9.000 Fall River 4s 16.000 Fitchburg 4s 2.000 Indianapolis, Ind., 4s 40.000 Los Angeles, Cal., 4Ms 11,400 Lowell 4s 7.000 Lynn 4s 10.000 Oakland, Cal., 5Ms 10.000 Oshkosh, Wis., 4s 14,500 Portland, Ore., 6s 15.000 San Francisco, Cal., 5s 5.000 Seattle, Wash., 4Ms 5.000 Sioux City, la., 4Ms 15.000 Somerville 3Ms 9.000 Andover 4s 3.000 Athol 4s 4.000 Medway 4s D ates . . . $89,991 61 95,571 01 1,570,520 61 S tr e e t R a ilw a y B o n d s . A udit , October 9-October 25 inclusive. 274 REPO RT OF TH E [Pub. Doc, PEOPLES SAVINGS BANK, HOLYOKE. 365 H IG H STREET. Incorporated March 19, 1885. J ohn E. C lark , President. Number of corporators, 45; number of trustees, 17. F. H . C hamberlin , Treasurer. J ohn H ildreth , Clerk of the Corporation. Board of Trustees: G. P. B. A lderman , O. D. A llyn , T. S. C hilds , J. E. C lar k , H . M . C ooledge , A . D . D urocher , H . J. F rin k , L. M . G aylord , L. G. H ein ritz , J ohn H ildreth , J. C. H ub bard , J. N. H ubbard , J. K . J udd , W illiam M cC orkindale , R . T . O ak es , J. A. S ulliv an , C. H . T a b e r . Board of Investment: J. E. C lar k , J. A . Sullivan , J. N. H ubbard , R . T . Oa k es , G. P. B. A lderman . Auditing Committee: J. N. H ubbard , J. C. H ubbard , O. D. A llyn . Deposits draw interest from first day of February, May, August and November; dividends are pay able the third Tuesday of May and November. Business hours: 9 a . m . to 4 p .m .; Saturdays, 9 a . m . to 12 m .; also Thursdays, 7 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1916. 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 . 456 loans on real estate (average of each, S7.1S4.48) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,276,261 30 27,500 00 41 loans on personal security Deposits in national banks or trust companies Cash and cash items . . . . . Total Assets $490,925 489,507 71,725 98,218 67,529 75,787 1 34 50 25 75 00 00 00 3,248,761 340,175 268,109 7,164 30 00 21 69 . $5,157,904 04 Liabilities. Due depositors on 10,654 accounts, averaging $452.71 each (Accounts opened during year, 2,325; closed, 1,425; increase, 900) Surplus: — a. Guaranty fund (2.90% of deposits; increase during year, $15,000) b. Profit and loss (increase during year, SI 7,395.04) . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . $4,823,185 39 140,000 00 194,718 65 . $5,157,904 04 B AN K COMMISSIONER, No. 8.] 275 Total Expenses for the Year, including’ State Taxes. Total. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. $3,607.88 $19,937.94 Amount paid for $4,670.09 $10,149.78 $1,333.32 $176.87 .70 3.86 Cost per $1,000 of assets .90 1.97 .26 .03 2.70 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $221,021.59. Rates on Investments and Loans (Average on All, 4.77%). Real estate loans (average rate, 5 per cent.): 5%, $3,248,761.30. Personal loans (average rate, 5.16 per cent.): 5%, $283,875; 5J^%, $6,300; 6%, $50,000. Bonds, stocks, etc. (average rate on amounts invested, 4.10 per cent.): 3)^%, $205,000; 4%, $987,000; 4V2%, $50,000; 5%, $1,250; 6%, $15,200; 7%, $22,300; 8%, $7,000; 10%, $11,000. Number of loans not over $3,000 each, 273, amounting to $479,106.30. 46 real estate loans made during year, amounting to $626,700. Dividends, Deposits and Withdrawals. $80,069 94 84,455 22 1,249,483 30 Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2% Number of deposits during year, 20,946, amounting to Number of withdrawals during year, 9,650, amounting to . . . Net increase in amount due depositors . . $1,414,008 46 839,412 91 $574,595 55 SCHEDULE OF SECURITIES OW NED. Public Funds, Bonds. Par Value. Par Value. $500 Holyoke 5s $25,000 Connecticut River 4s Par Value. 10,000 West End 4s 50.000 Delaware & Hudson Co. 4s $100,000 Massachusetts 4s 25.000 Fitchburg 3J^s 81.000 Fall River 4s 50.000 Fitchburg 4s 50.000 Hartford, Ct., 4)^s 50.000 Minn., St. P. & Sit. St. M. 4s 78.000 Holyoke 4s 80.000 N. Y., N. H. & H. 3Ks 80.000 New Bedford 4s Bank Stocks. 50.000 N. Y., N. H. & H. 4s 50.000 Salem 4s Shs. 45.000 Old Colony 4s 50.000 Worcester 4s 20 Hadley Falls Nl. Bk., Holyoke 3,000 Van Buren, Me. (W. D.), 4s 110 Holyoke Nl. Bk. 223 Home Nl. Bk., Holyoke Railroad Bonds. Street Railway Bonds. 7 Monson Nl. Bk. $25,000 Boston & Albany 4s $15,000 Boston Elevated 4s 145 Chapin Nl. Bk., Springfield 100,000 Boston & Maine 4s 50,000 Boston & Northern 4s 50 Chicopee Nl. Bk., Springfield D ates of E xam ination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A udit , May 22-26 inclusive. 276 REPO RT OF THE [Pub. Doc. PEOPLE’ S SAVINGS BANK, WORCESTER. 450 M AIN STREET. Incorporated May 13, 1864. Number of corporators, 131 ; number of trustees, 25. C hakles M . B en t , President. G eorge A . G askill , Clerk of the Corporation. F rederick W . W h ite , Treasurer. G eorge E . R yan , Assistant Treasurer. Board of Trustees: G. I. A lden , C. M. B en t , A . H. B ullock , I. E. C omins, G eorge C rompton , A l e x ander D e W itt , R . B. D odge , W. T . F orbes , G. A . G askill , A . W. G ifford , H. W. G oddard , J. N. H eald , A. S. H eyw ood , C. H . H utchins , W. H. I nman , W . W. J ohnson , E. W. K insley , C. F. M arble , P. B. M organ , G. A . Smith , C. M. T hayer , A lfred T homas, M . J. W h ittall , W illiam W oodward , A . O. Y oung . Board of Investment: C . M . B ent , H . W . G oddard , P. B. M organ , G eorge C rompton , A lexander D eW itt . Auditing Committee: E. W. K insley , G. A. Smith , A. H. B ullock . Deposits draw interest from first day of February, May, 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 31, 1916. Assets. Public funds, bonds and n o t e s ....................................................................................... $2,076,608 55 Railroad bonds and notes . . . . . . . . . . . 4,544,608 93 Street railway bonds . . . . . . . . . . . . 684,485 00 American Tel. & Tel. Co. bonds . . . . . . . . . . 192,471 87 Stocks of banks and trust companies . . . . . . . . . 99,669 23 Securities acquired in settlement of in d e b te d n e s s .......................................................... 19,95171 1,914 loans on real estate (average of each, $4,286.04) . . . . . . 8,203,489 96 139 loans on personal security . . . . . . . . . . 2,236,452 63 Bank building and fixtures (estimated value, $225,000; assessed value, $208,000) . . 190,000 00 Real estate by foreclosure, etc. (assessed value, $4,000) . . . . . . 5,241 51 Taxes, insurance, etc., paid on mortgaged properties . . . . . . 21 30 Deposits in national banks or trust companies . . . . . . . 551,667 25 Cash and cash items . . . . . . . . . . . . 26,422 00 T otal A s s e t s .......................................... $18,831,089 94 Liabilities. Due depositors on 35,786 accounts, averaging $493.92 each (Accounts opened during year, 6,472; closed, 4,078; increase, 2,894) Surplus: — a. Guaranty fund (4-81% of deposits; increase during year, $48,000) b. Profit and loss (increase during year, $7,247-44) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . $10,043 67 Less State or local taxes not charged off . . 2,878 40 . $17,675,642 94 850,000 00 163,391 20 $154,796 37 12,922 07 -------------- Suspense account 141,874 30 181 50 T otal L ia b i lit i e s ......................................... $18,831,089 94 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $33,686.01 $25,630.04 $4,500.00 $3,784.32 $11,037.50 $78,637.87 Cost per $1,000 of assets 1.79 1.36 .24 .20 .59 4.18 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.15 Gross income received during the year, $809,951.47. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER, No. 8.] 277 Rates on Investments and Loans (Average on All, 4.59%). Real estate loans (average rate, 4.97 per cent.): 4%, $30,000; 4M%> $310,000; 4M%> $80,000; 5% , $7,779,489.96; 5M % . $4,000. Personal loans (average rate, 4.49 per cent.): 4%, $80,000; 4M%> $1,122,000; 4M % i $816,100; 5%, $20,502.63; 6%, $197,850. Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3%, $35,000; 3M % i $992,000, 3M % , $41,985; 4%, $4,786,850; 4M % . $75,000; 4M % . $1,013,585; 5%, $606,000; 6%, $85,000, 8%, $28,500; 10%, $30,000; 12%, $10,000. Number of loans not over $3,000 each, 1,057, amounting to $1,891,056.71. 150 real estate loans made during year, amounting to $1,137,500. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Feb., 1916, 2% Aug., 1916, 2% Number of deposits during year, 62,322, amounting to , . $311,780 38 324,106 37 3,516,997 02 Number of withdrawals during year, 33,433, amounting to $4,152,883 77 2,633,103 17 Net increase in amount due depositors . . . . . . . . $1,519,780 60 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $25,000 Massachusetts 3s 130.000 Massachusetts 3Ms 113.000 Massachusetts 4s 50.000 Essex Co. 4s 370.000 Boston 4s 5.000 Bridgeport, Ct., 4s 25.000 Brockton 4s 9.000 Brockton 4Ms 5.000 Cambridge 3Ms 43.000 Cambridge 4s 25.000 Chelsea 4s 20.000 Everett 4s 10.000 Fall River 4s 3.000 Gloucester 4s 4.000 Haverhill 4s 5.000 Holyoke 4s 100.000 Kansas City, Mo., 4has 20.000 Lawrence 4s 50.000 Los Angeles, Cal., 4Ms 11,300 Lowell 4s 50.000 Minneapolis, Minn., 4s 50.000 Minneapolis, Minn., 4Ms 105.000 New Bedford 4s 25.000 Pittsburgh, Pa., 4Ms 30.000 Pittsfield 4s 50.000 Portland, Ore., 6s 2.000 Springfield 4s 20.000 Seattle, Wash., 4Ms 50.000 Syracuse, N. Y., 4Ms 27.000 Taunton 4s 60.000 Troy, N. Y., 4s 306.000 Worcester 4s 12.000 Acton 4s 19.000 Dalton 4s 8.000 Danvers 4s 2.000 Melrose 4s 30.000 Meriden, Ct., 4s 10.000 Watertown 4s 4.000 Winchester 4s 1.000 Woburn 4s 25,000 Augusta, Me. (W. D.), 4s Public Fund3, Notes. $26,000 Auburn 4s 11,585 Auburn 4M® D ates of ^WOOBoylston 3%s 23.000 Charlton 4s 3.000 Greenwich 4s 7.000 Northbridge 3Ms 2.000 Oxford 3Ms 28,985 Oxford 3Ms 40.000 Oxford 4s 5,550 Phillipston 4s 10.000 Revere 3s 1.000 Uxbridge 4s Railroad Bonds. $17,000 Atch., Top. & Santa F6 4s 55.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4Ms 50.000 Baltimore & Ohio 5s 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 10.000 Burl. & Misouri River 6s 60.000 C., B. & Q. 3Ms 184.000 C., B. & Q. 4s 50.000 Chi., Mil. & St. Paul 4s 75.000 Chi., Mil. & St. Paul 4Ms 75.000 Chi., Mil. & St. Paul 5s 50.000 Chi. & Northwestern 4s 25.000 Chi., R. I. & Pac. 4s 75.000 Cleveland Short Line 4Ms 71.000 Conn. River 3Ms 23.000 Conn. & Pass. Rivers 4s 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 120.000 Illinois Central 4s 73.000 Lake Shore & Mich. So. 4s 50.000 Louisville & Nashville 4s E xam ination , April 10-17 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $96,000 Louisville & Nashville 5s 54.000 Mobile & Montgomery 4Ms 33.000 Me. Cent. E. & N. A. 4s 170.000 Maine Central 4Ms 50.000 Mich. Central 3Ms 50.000 Mil. L. S. & Western 5s 120.000 Minn., St. P. & S. S. M. 4s 50.000 Minn., St. P. & S. S. M. 5s 109.000 New England 4s 118.000 N. Y. C. & H. R. 3Ms 200.000 N. Y. C. & H. R. 4s 25.000 N. Y., Lack. & West. 6s 111.000 N. Y., N. H. & H. 3Ms 325.000 N. Y., N. H. & H. 4s 75.000 Norwich & Wore. 4s 188.000 Old Colony 4s 85.000 Pennsylvania 4Ms 50.000 Port. & Rumford Falls 4s 58.000 Portland Terminal Co. 4s 94.000 Rome, Wat. & Ogdens. 5s 50.000 Southern Pacific 4s 50.000 St. Paul, Minn. & Man. 43 25.000 Sullivan County 4s 28.000 Western Penn. 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 42.000 Lynn & Boston 5s 7,000 N. B., Middle. & Brock. 5s 81.000 Old Colony 4s 16.000 Springfield St. Ry. 4s 75.000 West End 4s 25.000 West End 5s 27.000 Worcester Consolidated 4Ms 32.000 Worcester Consolidated 5s Bank Stocks. Shs. 285 Nl. Shawmut Bk., Boston 100 Second Nl. Bk., Boston 300 Worcester Nl. Bk. 278 REPO RT OF TH E [Pub. Doc, PLYMOUTH SAVINGS BANK, PLYMOUTH. 36 M AIN STREET. Incorporated June 11, 1828. Number of corporators, 33; number of trustees, 18. C haules S. D a v is , President. James E. B ar tlett , Clerk of the Corporation. J ames D . T h urber , Treasurer. J ohn R ussell , Assistant Treasurer. Board of Trustees: J. E. B a r tlett , A. E. B lackmer , W. G. B row n , M orton C ollingwood , J. W. C ooper , C. S. D a v is , H . B. D a v is , G. L. G ooding , F. J. H eaven s , E. E. H obart , F. C. H olmes, W. S. K y le , A rthur L ord , G eorge M a b bett , L. B. R eed , J ohn R ussell , J. D. T h urber , T . R . W atson . Board of Investment: A. E. B lackmer , C. S. D a v is , H. B. D avis , G. L. G ooding, F. J. H eaven s . Auditing Committee: J. E. B ar tlett , C. S. D a v is , G eorge M abbett . 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 3 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1916. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 503 loans on real estate (average of each, $1,590.10) . . . . . . . 35 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $54,000; assessed value, $54,000) . . Real estate by foreclosure, etc. (assessed value, $11,000) . . . . . Deposits in national banks or trust companies . . . . . . . Cash ........................................................................................................................................ Total Assets . . . . . $305,000 00 991,271 51 117,420 00 54,960 00 238,527 00 799,824 00 656,187 50 25,000 00 7,908 56 41,334 47 4,460 74 $3,241,893 78 Liabilities. Due depositors on 6,835 accounts, averaging $426.32 each (Accounts opened during year, 728; closed, 581; increase, 147) Surplus: — a. Guaranty fund (4-80% of deposits; increase during year, none) b. Profit and loss (increase during year, $12,038.89) . Current income: — a. Interest . . . . . . . $55,376 91 b. R e n t .......................................................... 1,107 52 140,000 00 134,394 72 $56,484 43 2,912 51 ---------------- Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $2,913,927 14 Total Liabilities . 53,571 92 . $3,241,893 78 No. 8.] BANK COMMISSIONER. 279 Total Expenses for the Year, including State Taxes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. Amount paid for $6,974.64 $7,135.00 $1,000.00 $2,089.30 $17,198.94 .64 5.29 Cost per $1,000 of assets 2.15 2.20 .30 Cost per $1,000 of assets not including State tax and rent . 2.84 Gross income received during the year, $166,173.20. Rates on Investments and Loans (Average on All, 5.07%). Real estate loans (average rate, 5.20 per cent.): 4J^%, $4,300; 5%, $591,679; 5)ds%> $78,155; 6%, $125,690. Personal loans (average rate, 4.30 per*cent.): 4%, $97,500; 4J^%, $20,000; 4M%> $445,000; 4}4%, $65,000; 5%, $7,425; 6%, $21,262.50. Bonds, stocks, etc. (average rate on amounts invested, 5.31 per cent.): 3J^%, $65,000; 4%, $491,497.50; 4 \i%, $110,500; 4)4%, $124,000; 5%, $389,800; 6%, $416,200; 8%, $92,900; 10%, $32,800; 12%, $27,000. Number of loans not over $3,000 each, 45s, amounting to $495,314. 57 real estate loans made during year, amounting to $111,705. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1916, 2J^% July, 1916, 2H% Number of deposits during year, 5,743, amounting to Number of withdrawals during year, 5,452, amounting to $66,661 28 68,150 37 414,165 59 . . . Net increase in amount due depositors . . $548,977 24 402,307 08 $146,670 16 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $100,000 Boston 4s 100,000 Boston 4J4s 10.000 Fall River 4J4s 10.000 Lawrence 4s 17.000 Medford 4s 15.000 New Bedford 5s 26.000 Salem 4s 24.000 Maynard 4J^s 1,000 Plymouth 4s Public Funds, Notes. $1,500 Plymouth 4s 500 Plymouth 4}4s Railroad Bonds. $50,000 Baltimore & Ohio 4V£s 50.000 Chi., Mil. & St. Paul4J^s 65.000 Chic., Mil. & St. Paul 5s D ates of Par Value. $42,000 Chic. & Northwestern 6s 50.000 Chic., R. I. & Pac. 4s 21.000 Chic., St. P., Minn. & 0. 6s 5,000 Fre., Elk. & Mo. Val. 6s 100.000 Illinois Central 4s 20.000 Louisville & Nash. 5s 30.000 Mobile & Ohio 6s 30.000 Nash., Flor. & Shef’d 5s 125.000 New Orleans & Mobile 6s 21.000 N. Y. C. & H. R. 4s 65.000 N. Y., N. H. & H. 3^s 30.000 N. Y., N. H. & H. 4s 25.000 Norfolk & Western 6s 100.000 No. Maine Seaport 5s 59.000 Pitts., McK. & Yough. 6s 22.000 San Francisco & San J. V. 5s 72,997 St. Paul, Minn. & Man. 4s 30.000 St. Paul, Minn. & Man. 6s E xam ination , July 12-14 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. Par Value. $105,000 Boston Elevated 5s 15,000 West End 5s Bank Stocks. Shs. 7 Abington Nl. Bk. 228 Merchants Nl. Bk., 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 280 [Pub. Doc, REPO RT OF THE PLYMOUTH FIVE CENTS SAVINGS BANK, PLYMOUTH. 44 M A I N Incorporated April 6, 1855. STREET. Number of corporators, 39; number of trustees, 21. H e n r y W. B a r n e s , Clerk of the Corporation. Board of Trustees: E . B. A t w o o d , T. W. B a il e y , H. W. B a r n e s , J. C. B a r n e s , H. W. B a r t l e t t , E. R . B e l c h e r , W. L. B o y d e n , G . W. B r a d f o r d , W. W. B r e w s t e r , E . L. B u r g e s s , S. A . C h a p m a n , C. C. D o t e n , W. T. E l d r id g e , S. C. C. F in n e y , B. W. G o o d in g , C. P. H a t c h , R ic h a r d H o l m e s , J. S. R o b b in s , H. M. S a u n d e r s , C. A . S t r o n g , J. B. W a s h b u r n . Board of Investment: C. P. H a t c h , C. A. S t r o n g , W. L. B o y d e n , W. T. E l d r id g e , W. W. B r e w s t e r . Auditing Committee: C. P. H a t c h , C. A. St r o n g , G. W. B r a d f o r d . Deposits draw interest from second Tuesday of January, April, July and October; dividends are pay able the second Tuesday of January and July. Business hours: 9 a .m . to 3 p .m .; also Saturdays, 7 to 8 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 789 loans on real estate {average of each, $1,844.38) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,455,219 50 . 75 00 --------------------37 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $15,000; assessed value, $22,900) . . Real estate by foreclosure, etc. (assessed value, $800) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . .\ . . . Suspense accounts . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T o t a l A s s e ts . . . . . . . . $333,083 622,480 66,500 24,700 38,300 1,873 32 00 00 00 00 78 1,455,144 150,495 12,500 263 76 528 50,539 5,463 50 00 00 81 67 28 74 11 $2,761,948 21 L ia b ilit ie s . Due depositors on 9,001 accounts, averaging $284.74 each . . . . . $2,562,938 14 (Accounts opened during year, 1,301; closed, 735; increase, 566) Surplus: — a. Guaranty fund (4.92% of deposits; increase during year, $4,650.34) . . . 126,247 10 h. Profit and loss (decrease during year, $5,673.96) . . . . . . 42,558 94 Current income: — а. Interest . . . . . . . $32,807 36 б. Rent . . . . . . . 785 04 —----------------$33,592 40 Less current expenses not charged off . . . . 3,388 37 ------------------- 30,204 03 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $2,761,948 21 281 BAN K COMMISSIONER, No. 8.] T o ta l E xpenses f o r th e Y e a r, in c lu d in g S ta te T axes. Rent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. $544.79 $2,506.17 $13,608.98 Amount paid for $4,026.17 $5,931.85 $600.00 .20 .91 4.94 Cost per $1,000 of assets 1.46 2.15 .22 .............................................................. 3.26 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $129,689.63. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 4 % ). Real estate loans (average rate, 5.03 per cent.): 4M%i $13,000; 5%, $1,380,044.50; 5M%, $1,475; 5M%> $14,000; 5M%, $4,000; 6%, $42,625. Personal loans (average rate, 4.39 per cent.): 4M%, 394,000; 4M%, $42,000; 5%, $14,495. Bonds, stocks, etc. (average rate on amounts invested, 4.40 per cent.): 3%, $10,000; 3M%i $93,000; ’ 3%%, $2,000; 4%, $748,800 ; 4M%. $35,000; 4M%, $86,333.32; 5%, $109,000; 6%, $18,100; 6M%, $6,000; 8%, $15,200; 10%, $1,000; 16%, $4,000. Number of loans not over $3,000 each, 687, amounting to $786,219.50. 69 real estate loans made during year, amounting to $124,535. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% . . . . . July, 1 9 1 6 , 2 % ....................................... Number of deposits during year, 10,572, amounting to . . . . . Number of withdrawals during year, 6,021, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s , B o n d s . Par Value. $25,000 Beverly 4s 27.000 Boston 4s 25.000 Boston 4J4s 12,500 Brockton 4s 25.000 Chelsea 4s 16.000 Concord 4s 13.000 Haverhill 4s 45.000 Lawrence 4s 19,100 Lowell 4s 15.000 New Bedford 4s 10.000 New Bedford 4 Ms 36.000 North Adams 4s 2.000 Plymouth 3Ms 1.000 Plymouth 4s 36.000 Salem 4s P u b lic F u n d s , N o te s . $5,333 Duxbury 4Ms 1.000 Plymouth 3Ms 18.000 Plymouth 4s 1,200 Plympton 4s . OF . . S E C U R IT IE S . . . . . . $564,625 85 416,782 50 . . $147,843 35 OW NED. R a ilr o a d B o n d s . Par Value. $90,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 5s 25.000 Bangor & Aroostook 5s 20.000 Boston & Albany 3Ms 10.000 Boston & Lowell 4s 30.000 Boston & Maine 4s 30.000 Boston & Maine 4Ms 100,000 Carthage & Adirondack 4s 20.000 Chi., Ind. & Southern 4s 10.000 Chi. Mil. & St. Paul 5s 5.000 Chi. & Northwestern 3Ms 10.000 Cleve., Lorain & Wheel. 5s 15.000 Fitchburg 4Ms 6.000 Fro., Elk. & Mo. Val. 6s 10.000 Illinois Central 3s 50.000 Illinois Central 4s 20.000 Louisville & Nashville 5s 10.000 Me. Cent. E. & N. A. 4s 5.000 Mil., L. S. & Western 5s 20.000 Minn., S. Ste. M. & At. 4s 20.000 N. Y. C. &H.R.4s D a t e s o f E x a m in a t io n , June 19-21 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $46,607 18 47,670 32 470,348 35 $57J)00N. Y., N. H. & H. 3Ms 30.000 N. Y., N. H. & H. 4s 10.000 Northern Me. Seaport 5s 35.000 Old Colony 4s 10.000 Washington County 3Ms S tr e e t R a ilw a y B o n d s . $16,000 Boston Elevated 4s 36.000 Boston Elevated 4Ms 15.000 West End 5s B a n k S to ck s. Shs. 40 First Nl. Bk., Boston 137 Nl. Shawmut Bk., Boston 60 Brockton Nl. Bk. 15 Webster & Atlas Nl. Bk., Boston 76 Old Colony Nl. Bk., Plymouth 45 Plymouth Nl. Bk. 10 Third Nl. Bk., Springfield 282 REPO RT OF THE [Pub. Doc. PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWNS OF SALISBURY AND AMESBURY, AMESBURY. 3 Incorporated February 28, 1828. M ARKET STREET. Number of corporators, 41; number of trustees, 12. C habx .e s L. A l l e n , Clerk of the Corporation. Board of Trustees: C . L . A l l e n , W . E. B id d l e , J. E. B l a k e , J oh n C u b b i e s , W . W . H a w k e s , H . B . L o c k e , A. N. P a b b t , C . W . R o w e l l , R . P . T b u e , A. C . W e b s t e b , D a n ie l W e b s t e b , A. G . W il l e y . Board of Investment: A. C. W e b s t e b , D a n ie l W e b s t e b , W. W. H a w k e s . Auditing Committee: C. L. A l l e n , J. E. B l a k e , A. G. W i l l e y . Deposits draw interest from third Wednesday of January, April, July and October; dividends are pay able the fourth Wednesday of April and October. Business hours: 9 a .m . 2 p .m .; Saturdays, 9 a . m . to 12 M. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . . 345 loans on real estate (average of each, $2,125.22) . . . . $733,800 00 Less amount due on uncompleted loans . . . . . . 600 00 --------------------32 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $12,000; assessed value, $16,650) . . Real estate by foreclosure, etc. (assessed value,$14,925) . . . . . . Deposits in national banks ortrust c o m p a n i e s ........................................................... C a s h ........................................................................................................................................ T ota l A $1,027,500 00 577,000 00 223,000 00 57,000 00 65,100 00 1 00 733,200 00 937,500 00 10,000 00 6,390 86 128,261 27 20,235 17 s s e t s ...............................................$3,785,188 30 L ia b i l i t i e s . Due depositors on 7,930 accounts, averaging $433.60 e a c h ....................................... $3,438,466 42 (Accounts opened during year, 813; closed, 462; increase, 351) Surplus: — a. Guaranty fund (4-94% of deposits; increase during year, $7,691.73) . . . 170,040 60 h. Profit and loss (decrease during year, $26,183.64) . . . . . . 172,804 37 Current income: — a. Interest . . . . . . . $4,424 67 79 20 h. R e n t .......................................................... ------ --------- ----$4,503 87 Less current expenses not charged off . . . . 626 96 --------------------3,876 91 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $3,785,188 30 BAN K COMMISSIONER No. 8.] 283 T o t a l E xp en ses f o r t h e Y e a r , in c lu d in g S ta te T a xes. Rent. State Tax (Net). Salaries. Amount paid for $11,199.29 $6,580.00 Cost per $1,000 of assets 2.96 1.74 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $1,375.14 $19,154.43 .36 5.06 2.10 Gross income received during the year, $164,017.23. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .4 0 % ). Real estate loans (average rate, 5.03 per cent.): 5%, $706,800; 5Jdi%. $12,000; 6%, $14,400. Personal loans (average rate, 4.28 per cent.): 4%, $200,000; 4H%, $50,000; 4M%> $550,000; 4% % , $125,000; 5%, $2,500; 6%, $10,000. Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cent.): 3J^%, $245,000; 4%, $1,359,000; 4J3%, $289,500; 5%, $28,500; 6%, $10,000; 8%, $43,900; 10%, $5,000; 12%, $2,700. Number of loans not over $3,000 each, 324, amounting to $313,200. 42 real estate loans made during year, amounting to $87,300. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% . . . . . Oct., 1 9 1 6 , 2 % ....................................... Number of deposits during year, 6,322, amounting to . . . . . Number of withdrawals during year, 4,828, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $25,000 Beverly 4s 50.000 Boston 3J^s 125,000 Boston 4s 55.000 Cambridge 3}4s 20.000 Cambridge 4s 50.000 Chelsea 4s 25.000 Chicago, 111., 4s 25.000 Cleveland, 0., 4J^s 20.000 Fall River 4s 46.000 Haverhill 4s 50.000 Kansas City, Mo., 4His 25.000 Lewiston, Me., 4s 50.000 Los Angeles, Cal., 4His 25.000 Lynn 4s 25.000 Malden 4s 9.000 Medford 4s 50.000 Minneapolis, Minn., 4s 51.000 New Bedford 4s 30.000 North Adams 4s 2.000 Somerville 4s 50.000 St. Paul, Minn., 4}4s . OF . . . S E C U R IT IE S . . . . . $584,566 67 411,938 14 . . . $172,628 53 OW NED. Par Value. $10,000 Taunton 3His 20.000 Taunton 4s 105.000 Amesbury 4s 34,500 Amesbury 4 His 25.000 Arlington 4s 25.000 Billerica 4s S tr e e t R a ilw a y B o n d s . Par Value. $100,000 Boston Elevated 4s 25.000 Boston Elevated 4}4s 60.000 Springfield 4s 50.000 West End 4s R a ilr o a d B o n d s. $75,000 Boston & Albany 3His 40.000 Boston & Maine 4s 25.000 Boston & Maine 4His 30.000 Boston, R. B. & L. 4Hs 25.000 Boyer Valley 3H>s 100.000 C., B. & Q. 4s 35.000 Chicago & Northwestern 4s 30.000 Cleveland & Pittsburgh 3Ms 50.000 Illinois Central 4s 25.000 Mich. Cent.-Det. & B.City 5s 75.000 N. Y., N. H. & H. 4s 25.000 Providence Terminal Co. 4s 40.000 Sullivan County 4s 14.000 Wore., Nash. & R. 4s D a t e s of E x a m in a t io n a n d A u d it , July 7-11 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $63,722 91 65,495 23 455,348 53 B a n k S to ck s. Shs. 100 Powow River Nl. Bk., Amesbury 35 Boylston Nl. Bk., Boston 50 Merchants Nl. Bk., Boston 342 Nl. Shawmut Bk., Boston 25 Nl. Union Bk., Boston 21 Old Boston Nl. Bk., Boston 27 Second Nl. Bk., Boston 32 Webster & Atlas Nl. Bk., Boston 33 Bay State Nl. Bk., Lawrence 7 Union Nl. Bk., Lowell 284 REPO RT OF THE [Pub. Doc. THE PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWN OF BOSTON, BOSTON. 36 T E M P L E Incorporated December 13, 1816. PLACE. Number of corporators, 122; number of trustees, 35. L o u is C u r t is , President. F r a n c is C. G r a y , Clerk of the Corporation. H e n r y P a r k m a n , Treasurer. J o h n S. A d a m s , Vice-Treasurer. Board of Trustees: G ordo n A b b o t t , C . F . A d a m s , O l iv e r A m e s , E. P. B e e b e , A l fr e d B o w d it c h , H. B. C a b o t , P h il ip C a b o t , E. C. C l a r k e , C. E. C o t t in g , A l l e n C u r t is , C. P. C u r t is , L iv in g st o n D a v is , G . L. D e B l o is , P. Y . D e N o r m a n d ie , P h il ip D e x t e r , G . R. F e a r in g , Jr., E. N. F e n n o , W. C . F o r b e s , G . P. G a r d n e r , E. W. G r e w , R o b e r t H o m a n s , H. S. H o w e , J. C . H o w e , W a l t e r H u n n e w e l l , C . C . J a c k s o n , R. T. L y m a n , G . v . L. M e y e r , R. G . S h a w , Jr., A. B. S il s b e e , R. H. S t e v e n s o n , Jr., E. V. R. T h a y e r , L. S. T u c k e r m a n , W. W. V a u g h a n , S. H. W ol c o t t . Board of Investment: C. F. A d a m s , G o r d o n A b b o t t , C. E. C o t t in g , P h il ip D e x t e r , S. H. W o l c o t t , E. V. R. T h a y e r . Auditing Committee: L iv in g s t o n D a v i s , R o b e r t H o m a n s , W. C. F o r b e s . Deposits draw interest from the fifth day of January, April, July and October; dividends are pay able January 15 and July 15. Business hours: 9 a .m . to 2 p .m ., Thursdays from 2 to 6 p .m . for deposits only. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . . . . . . . . 391 loans on real estate (average of each, $58,235.224) . • • • . 156 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $1,495,000; assessed value, $1,495,000) Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A $7,353,339 14,624,315 968,000 960,000 900,000 334,650 . 22,769,980 . 9,061,925 . 570,000 1,055,102 32,112 98 00 00 00 00 00 00 00 00 05 75 s s e t s ...............................................$ 58,629,424 78 L ia b ilitie s . Due depositors on 104,700 accounts, averaging $523.96 each . . . . . $54,859,472 68 (.Accounts opened during year, 8,956; closed, 8,415; increase, 640) Surplus: — a. Guaranty fund 14-96% of deposits; increase during year, $98,280) . . . 2,723,280 00 b. Profit and loss (decrease during year, $6,693.41) . . . . . . . 521,056 13 Current income: — a. Interest . . . . . . . $561,782 46 b. Rent . • . . . . . . 25,700 76 --------------------$587,483 22 Less current expenses, etc., not charged off . . . 61,867 25 --------------------525,615 97 T o t a l L i a b i l i t i e s ...............................................$58,629,424 78 T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $127,357.18 $75,866.66 $36,000.00 $20,495.20 $259,719.04 Cost per $1,000 of assets 2.17 1.29 .61 .35 4.42 Cost per $1,000 of assets not including State tax and rent . . . . . . 1.64 Gross income received during the year, $2,424,172.45. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER 285 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .1 9 % ). Real estate loans (average rate, 4.12 per cent.): 33€%. $708,000; Zz/ i%, $490,000; 4%, $12,847,475; 4)4%, $1,000,000; 4)4%, $3,824,500; 4%%, $50,000; 4)4%, $2,945,350; 4M%. $77,000; 5%, $826,855; 6%, $800. Personal loans (average rate, 4.17 per cent.): 4%, $3,756,500; 4)4%, $1,045,000; 414%, $3,625,000; 4)4%, $100,000; 4)4%, $327,575; 5%, $100,100; 6%, $107,750. Bonds, stocks, etc. (average rate on amounts invested, 4.26 per cent.): 2J4%, $25,000; 2.90%, $110,000; 3%, $110,000; 3.45%, $44,460; 3)4%, $3,507,939.98; 3%e%, $10,000; 3%0%, $49,000; 3)4%, $24,390; 3.65%, $36,500; 4%, $17,524,500; 4)4%, $430,000; 4)4%, $1,912,000; 5%, $1,789,000; 6%, $135,200; 8%, $149,500; 10%, $100,000; 12%, $84,800. Number of loans not over $3,000 each, 93, amounting to $168,530. 30 real estate loans made during year, amounting to $1,432,300. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2% Number of deposits during year, 101,543, amounting to . $1,013,486 01 1,035,752 73 7,411,961 73 Number of withdrawals during year, 84,981, amounting to $9,461,200 47 7,196,520 85 Net increase in amount due depositors SCH EDULE P u b lic F u n d s , B o n d s . Par Value. $332,000 Massachusetts 3)4s 325.000 Massachusetts 4s 100.000 New York State 4s 50.000 Augusta, Me., 4s 1,021,000 Boston 4s 350.000 Boston 434s 50.000 Burlington, Vt., 4s 50.000 Detroit, Mich., 4s 50.000 Haverhill 4s 109.000 Holyoke 4s 15.000 Lawrence 4s 550.000 Lowell 4s 90.000 Lynn 4s 600.000 New Bedford 4s 40.000 New Britain, Conn., 4s 100.000 New Haven, Ct., 4s 285.000 Pawtucket, R. I., 4s 10.000 Pittsfield 4s 1,000,000 Providence, R. I., 4s 120.000 Quincy 4s 219.000 Rutland, Vt., 4s 250.000 Springfield 4s 220,500 Springfield 4)4s 96.000 Stamford, Ct., 4s 11.000 Waltham 4s 6.000 Woburn 4s 100.000 Worcester 4s 25.000 Attleborough 4s 14.000 Braintree 4s 44,460 Brookline 3.45% 57.000 Brookline 3)4s 20.000 Brookline 3.60% 60.000 Brookline 4s 50.000 Dalton 4s 15.000 Foxborough 4s 34,500 Grafton 4s 25.000 Leominster 4s 10.000 Lexington 4s 159.000 Manchester 4s 6.000 Tiverton, R. I., 4s 100.000 Westerly, R. I., 4s 165.000 West Springfield 4s . $2,264,679 62 OF S E C U R IT IE S $80,000 Bristol County 4)4s 75.000 Chelsea 2.90% 132,539 North Adams 3)4s 29.000 North Adams 3.60% 12.000 North Adams 3)4s 36,500 North Adams 3.65% 25.000 Quincy 2.90% 25.000 Salem 2)4s 10.000 Salem 2.90% 5,400 Brookline 3)4s 10.000 Brookline 3%eS 12,390 Brookline 3)4s R a ilr o a d B o n d s. $50,000 Albany & Susque. 3)4s 100.000 Allegheny Valley 4s 200.000 Atch., Top. & Santa Fé4s 300.000 Baltimore & Ohio 3)4s 100.000 Bangor & Aroostook 5s 510.000 Boston & Albany 4s 100.000 Boston & Albany 4)4s 290.000 Boston & Albany 5s 199.000 Boston & Lowell 4s 50.000 Boston & Lowell 4)4s 500.000 Boston & Lowell 5s 200.000 Boston & Maine 4s 150.000 Boston & Maine 4)4s 180.000 Boston & Providence 4s 15.000 Boston, R. B. & Lynn 4)4s 48,600 Burlington & Mo. R. 6s 1,004,000 C., B. &Q. 4s 93.000 C., B. & Q. 5s 300.000 Chic., Mil. & St. Paul 4s 300.000 Chic., Mil. & St. Paul 4)4s 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 250.000 Connecticut River 4s 500.000 Delaware & Hudson Co. 4s 950.000 Fitchburg 4s D a t e s of E x a m in a t io n , N o v e m b e r 2 1 - 2 7 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OW NED. P u b lic F u n d s , N o te s . Par Value. $250,000 Fitchburg 4)4s 350.000 Illinois Central 3)4s 450.000 Illinois Central 4s 400.000 Lake Shore & Mich. S. 4s 350.000 Louisville & Nash. 4s 190.000 Louisville & Nash. 4)4s 350.000 Maine Central 4)4s 100.000 Mich. Cen.-Jol. & No.Ind. 4s 100.000 Minn. & Iowa 3)4s 150.000 Minn., St. P. & S. S. M. 4s 200.000 New England 4s 119.000 N. Y. C. & H. R. 3)4s 100.000 N. Y. C. & H. R. 4s 300.000 N. Y. & N. E. Term. 4s 390.000 N. Y., N. H. & H. 3)4s 450.000 N. Y., N. H. & H. 4s 86,600 N. Y., N. H. & H. 6s 125.000 Norfolk & Western 4s 110.000 Northern Pacific 3s 1,000,000 Old Colony 4s 400.000 Pennsylvania 4)4s 200.000 Portland Terminal Co. 4s 275.000 St. P., Minn. & Man. 4s 200.000 Southern Pacific 4s 100.000 Union Pacific 4s 107.000 Upper Coos 434s 672.000 Vermont & Mass. 334s S tr e e t R a ilw a y B o n d s . $250,000 Boston Elevated 4s 400.000 Boston & Northern 4s 150.000 Holyoke 5s 100.000 Old Colony 4s 150.000 West End 4s B a n k S to c k s. Shs. 1,000 Merchants Nl. Bk., 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 286 R E PO R T OF THE [Pub. Doc, QUINCY SAVINGS BANK, QUINCY. 1374 H A N C O C K Incorporated March 18, 1845. STREET. Number of corporators, 40; number of trustees, 11. G e o r g e E. A d a m s , Clerk of the Corporation. Board of Trustees: G. E. A d a m s , R. F. C l a f l in , H. E. C r a n e , J. H. E m e r y , H. M. F a x o n , E. W. S h e p p a r d , E. B. M a r s h , G. A. S i d e l in g e r , F. H. S m it h , H. F. S p e a r , H. T. W h it m a n . Board of Investment: H. T. W h it m a n , H. E. C r a n e , F. H. S m it h , R. F. C l a f l in . Auditing Committee: E. B. M a r s h , H . M . F a x o n , F . H . S m it h . Deposits draw interest from the first Tuesday of January, April, July and October; dividends are pay able Wednesday following first Tuesday of April and October. Business hours: 8.30 a .m . to 3 p .m .; Saturdays, 8.30 a .m . to 12 m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 1,319 loans on real estate {average of each, $2,631.99) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . 32 loans on personal security . . . . Bank building and fixtures (estimated value, $83,568.14; Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies . Cash and cash items . . . . . . . T ota l A . . . . . . . . . assessed . . . . . . . . . . . . . . . . . . . . . . . . . $3,485,101 85 . 13,494 66 --------------------. . . value, $85,800) . . . . . . . . . . . . . . $326,000 00 1,276,441 25 145,333 90 100,677 50 40,985 00 9,000 00 3,471,607 19 317,180 00 83,568 14 718 99 23,527 80 2,122 03 s s e t s ...............................................$5,797,161 80 L ia b ilit ie s . Due depositors on 18,273 accounts, averaging $291.21 each . . . . . $5,321,276 83 (Accounts opened during year, 2,227; closed, 1,518; increase, 709) Surplus: — a. Guaranty fund (4.95% of deposits; increase during year, $12,795) . . . 263,700 00 b. Profit and loss (increase during year, $26,561.06) . . . . . . 191,206 87 Current income: — а. Interest . . . . . . . $21,945 24 б. R e n t .......................................................... 1,070 13 --------------------$23,015 37 Less current expenses not charged off . . . . 2,037 27 --------------------20,978 10 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $5,797,161 80 B AN K COMMISSIONER, No. 8. 287 T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a xes. Bent. Advertising. Other Expenses. Total. State Tax (Net). Salaries. Amount paid for $7,296.92 $10,879.96 $1,450.00 $288.00 $3,826.21 $23,741.09 Cost per $1,000 of assets 1.26 1.88 .25 .05 .66 4.10 Cost per $1,000 of assets not including State tax and rent 2.59 Gross income received during the year, $258,007.85. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 4 .7 4 % ). Real estate loans (average rate, 5.13 per cent.): 4)^%, $316,450; 5%, $2,100,218.85; 5}4%, $910,825.34; 6%, $144,113. Personal loans (average rate, 4.60 per cent.): 4%, $25,000; 4J^%, $50,000 ; 4)^%, $144,500 ; 5%, $82,795; 5 $ 1 1 , 8 0 0 ; 6%, $3,085. Bonds, stocks, etc. (average rate on amounts invested, 4.05 per cent.): 3%, $25,000; 3Jdi%, $510,000; 4%, $1,124,000; 4M%. $50,000; 4Mi%, $83,000; 5%, $105,000; 6%, $10,000; 8%, $20,000. Number of loans not over $3,000 each, 956, amounting to $1,567,901.23. 159 real estate loans made during year, amounting to $530,775. D iv id e n d s , D e p o s i t s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 24,405, amounting to . . $96,653 56 98,722 21 1,167,406 28 Number of withdrawals during year, 16,235, amounting to , $1,362,782 05 1,099,059 10 $263,722 95 Net increase in amount due depositors SCH EDULE P u b lic F u n d s, B on d s. Par Value. $75,000 Massachusetts 3J^s 100,000 Boston 4s 23.000 Brockton 4s 50.000 Fall River 4Ms 25.000 Minneapolis, Minn., 3Mis 50.000 New Bedford 4s 3,000 Quincy 4J^s R a ilr o a d B o n d s. $25,000 Atch., Top. & Santa F6 4s 80.000 Baltimore & Ohio 4s 65.000 Bangor & Aroostook 5s 50.000 Boston & Albany 4s 20.000 Boston & Maine 3Mis 50.000 Boston & Maine 4s S E C U R IT IE S OW NED. Par Value. $60,000 Boston & Maine 4Mis 100.000 Chic., Burl. & Quincy 3}4e 25.000 Chic., Burl. & Quincy 4s 50.000 Chicago & Northwestern 4s 15.000 Chicago & Northwestern 5s 50.000 Delaware & Hudson 4s 50.000 Fitchburg 3Hs 50.000 Fitchburg 4s 25.000 Illinois Central 3s 95.000 Illinois Central 3Ks 20.000 Illinois Central 4s 10.000 Michigan Central 3Ks 10.000 N. Y. Cent. & H. R. 3Ms 25.000 N. Y. C. & H. R. 4s 100.000 N. Y., N. H. & H. 3Ks 176.000 N. Y., N. H. & H. 4s D a t e s of E x a m in a t io n ,, January 13-15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OF Par Value. $25,000 No. Maine Seaport 5s 45.000 Providence Term. Co. 4s 25.000 St. Paul, Minn. & Man. 4s 25.000 Washington Co. 3)4s 25.000 Wore., Nash. & Roch. 4s S tr e e t R a ilw a y B o n d s . $80,000 Boston Elevated 4s 20.000 Boston Elevated 4J^s 50.000 Boston & Northern 4s B a n k S to c k s. Shs. 200 Commonwealth Tr. Co., Boston 100 Nl. Mt. Wollaston Bk., Quincy 288 REPO RT OF THE [Pub. Doc, RANDOLPH SAVINGS BANK, RANDOLPH. M A IN Incorporated April 14, 1851. STREET. Number of corporators, 33; number of trustees, 12. P a t r ic k H. M c L a u g h l in , Clerk of the Corporation. F r a n c e s H o w a r d , Assistant Treasurer. Board of Trustees: J. A. B r e n n a n , A. L . C h a s e , S. T . C r a w f o r d , J. H. F ie l d , A. P. F r e n c h , H. F. F r e n c h , F. C. G r a n g e r , E. M. M a n n , P. H. M c L a u g h l in , R. A. T h a y e r , N . I. T o l m a n , J. K. W i l l a r d . Board of Investment: R. A. T h a y e r , N. I. T o l m a n , J. K. W i l l a r d , J. A. B r e n n a n , F. C. G r a n g e r . Auditing Committee: P. H. M cL a u g h l in , J. A. B r e n n a n , J. H. F ie l d . Deposits draw interest from first day of January, April, July and October; dividends are payable the first day of April and October. Business hours: 9 a .m . to 1 p .m .; 2 to 3 p .m .; Saturdays, 9 a .m . to 12 M. STATEM ENT OP C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and n o t e s ................................................................................................ $58,300 00 Railroad bonds and notes . . . . . . . . . . . 571,822 50 Street railway bonds . . . . . . . . . . . . 75,000 00 ................................................. 31,825 00 American Tel. & Tel. Co. bonds . . . Stocks of banks and trust c o m p a n i e s .............................................................................. 15,500 00 323 loans on real estate (average of each, $3,95642) . . . . $1,280,325 00 Less amount due on uncompleted loans . . . . . . 2,400 00 -------------------------------------- 1,277,92500 11 loans on personal security . . . . . . . . . . 157,221 00 Real estate by foreclosure, etc. (assessed value, $5,200) . . . . . . 4,000 00 Deposits in national banks or trust companies . . . . . / . . 42,281 05 C a s h .................................................................................................................................................... 8,210 56 T ota l A s s e t s ...............................................$2,242,085 11 L ia b ilit ie s . Due depositors on 4,027 accounts, averaging $505.31 each . . . . . CAccounts opened during year, 299; closed, 242; increase, 57) Surplus: — a. Guaranty fund (.4-94% ° f deposits; increase during year, $4,002) . . . b. Profit and loss (increase during year, $1,523.20) . . . . . . Current income: — I n t e r e s t ........................................................................................$9,338 76 Less current expenses not charged off . . . . 517 35 ■-------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,034,892 43 100,630 00 97,741 27 8,821 41 T o t a l L i a b i l i t i e s ...............................................$2,242,085 11 * BAN K COMMISSIONER. No. 8.] 289 T o ta l E xpen ses fo r th e Y e a r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,465.69 $3,300.00 $360.00 $86.15 $1,971.10 $9,182.94 Cost per $1,000 of assets 1.54 1.47 .16 .04 .88 4.09 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.39 Gross income received during the year, $104,102. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .8 8 % ). Real estate loans (average rate, 5.31 per cent.): 5%, $550,200; o}4%, $662,100; 6%, $65,625. Personal loans (average rate, 4.44 per cent.): 4M%> $95,000; 4J^%, $35,000; 5%, $22,900; $4,121; 6%, $200. Bonds, stocks, etc. (average rate on amounts invested, 4.25 per cent.): 4%, $598,300; 4j^%, $75,000; 5%, $52,500; 6%, $26,200; 8%, $6,800. Number of loans not over $3,000 each, 158, amounting to $283,625. 39 real estate loans made during year, amounting to $132,100. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2lA % Oct., 1916, 2ys% Number of deposits during year, 2,093, amounting to . . Number of withdrawals during year, 2,545, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s , B o n d s. Par Value. $20,000 Massachusetts 4s 25.000 Belfast, Me., 4s 5.000 Randolph 4s P u b lic F u n d s , N o te s . $8,300 Randolph 4s R a ilr o a d B o n d s. $25,000 Bangor & Aroostook 5s 50.000 Boston & Albany 4s 5.000 Boston & Lowell 4s 68.000 Boston & Maine 4s . OF . . . . S E C U R IT IE S . . . . . $40,276 93 41,357 96 240,711 37 . $322,346 26 229,745 83 . $92,600 43 OW NED. Par Value. $25,000 Boston & Maine 4)^s 25.000 Boston & N. Y. Air Line 4s 25.000 Chicago & Northwest. 4s 15.000 Conn. & Pass. Rivers 4s 25.000 Delaware & Hudson 4s 10.000 Fitchburg 4s 25.000 Fitchburg 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 20.000 St. P., Minn. & Man. 6s 25.000 Sullivan County 4s D a t e s of E x a m in a t io n a n d A u d it , July 6-10. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . ....................................... . . . S tr e e t R a ilw a y B o n d s . Par Value. $50,000 Boston Elevated 4s 25,000 Boston Elevated 4>2S B a n k S to ck s. 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. 290 REPO RT OF THE [Pub. Doc. REVERE SAVINGS BANK, REVERE. 327 B R O A D W A Y . Incorporated April 12, 1912. Number of corporators, 65; number of trustees, 38. A l f r e d S. H a l l , President. A l b e r t J. B r o w n , Clerk of the Corporation. W il l is G . B o n d , Treasurer. F o r r e s t C. T o w a r d , Assistant Treasurer. 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 i g , 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 l s o m , T . W . G il l e t t e , C . E. G r e e l e y , 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 . J. J o h n so n , A. C . K i r b y , C . M. L i t t l e , A. H . 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 , E. L. N o e r a , 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 h t l e f f , 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 , V. E. T r a c e , H . L. Y o u n g . Board of Investment: C . H . B r o w n , C . F . C h is h o l m , A . S. H a l l , T . V. Sa r g e n t , J. B . S h u r t l e f f . 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, May, August and November; dividends are payable May 15 and November 15. Business hours; 8.30 a .m . to 1 p .m .; also Saturdays, for de posits only, 4 to 8 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . . . $3,995 30 Railroad bonds and notes . . . . . . . . . . . 15,465 50 Street railway bonds . . . . . . . . . . . . 10,522 90 Boston Terminal Co. bonds . . . . . . . •. . . . 1,837 50 55 loans on real estate (average of each, $1,583.03) . . . . $88,700 00 Less amount due on uncompleted loans . . . . . . 4,383 08 -------------------------------------- S4.31692 2 loans on personal security . . . . . . . . . . . 3,800 00 Furniture and fixtures . . . . . . . . . . . . 438 68 Deposits in national banks or trust companies . . . . . . 8,871 92 C a s h .................................................................................................................... 1,315 46 T o t a l A s s e ts . . . . . $130,564 18 L ia b ilit ie s . Due depositors on 2,685 accounts, averaging $47.73 each {Accounts opened during year, 1,071; closed, 895; increase, 676) Surplus: — a. Guaranty fund {.48% of deposits; increase during year, $259.83) b. Profit and loss {increase during year, $116.96) . . . . . . Current income: — I n t e r e s t ........................................................................................$2,070 86 Less current expenses not charged off . ' . . . . 632 85 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $128,165 70 613 03 347 44 1,438 01 T o t a l L ia b ilitie s . . . . . $130,564 18 BAN K COMMISSIONER. No. 8.] 291 T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Amount paid for $118.46 $690.00 $300.00 $73.00 $289.61 Cost per $1,000 of assets .91 5.28 2.30 .56 2.22 Cost per $1,000 of assets not including State tax and rent . . . . . . Total. $1,471.07 11.27 8.06 Gross income received during the year, $5,423.72. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll , 5 .5 7 % ). Real estate loans (average rate, 5.96 per cent.): 514%, $6,150; 6%, $78,166.92. Personal loans (average rate, 6 per cent.): 6%, $3,800. Bonds, stocks, etc. (average rate on amounts invested, 4.49 per cent.): 314%, $5,000 ; 4%, $14,000 4J^%, $11,000 ; 5%, $4,000. Number of loans not over $3,000 each, 48, amounting to $68,850. 23 real estate loans made during year, amounting to $44,200. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Nov., 1915, 2% May, 1916, 2 % Number of deposits during year, 7,523, amounting to . . Number of withdrawals during year, 2,594, amounting to Net increase in amount due depositors SCH EDULE P u b lic F u n d s , B o n d s. Par Value. $1,000 Massachusetts 3J^s 1.000 Massachusetts 4s 1.000 Fall River 314s 1.000 Fall River 4s R a ilr o a d B o n d s. $1,000 Atch., Top. & Santa Fé 4s 1.000 Baltimore & Ohio 414a OF . . . . S E C U R IT IE S . . . . . . $1,395 18 1,706 13 118,524 89 . $121,626 20 81,017 91 . $37,506 98 OW NED. S tr e e t R a ilw a y B o n d s . Par Value. Par Value. $4,000 Chic., Mil. & St. Paul 414a 1.000 Fitchburg 4s $4,000 Boston Elevated 4}4a 2.000 Illinois Cent. 4s 2.000 Boston Elevated 5s 1.000 Lake Shore & Mich. South. 4s 1.000 Leominster, Shirley & Ayer 5s 1.000 Minn., St. Paul & S. St. M. 4s 1.000 Old Colony 4s 4.000 N. Y. C. & H. R. 4s 1.000 West End 414$ 1.000 N. Y., N. H. & H. 314a 1.000 West End 5s 1.000 Portland Terminal Co. 4s 1.000 Worcester & Southbridge 414s D a t e of E x a m in a t io n , May 29. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . ....................................... . . . 292 REPO RT OF THE [Pub. Doc. ROCKLAND SAVINGS BANK, ROCKLAND. 5 CHURCH Incorporated March 30, 1868. STREET. Number of corporators, 50; number of trustees, 15. J o s ia h A . T o r 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 of 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 r r e y , H. S. T o r 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 , J. J. S p e n c e . Auditing Committee: E d w in M u l r e a d y , H. E . F u l l e r , J. S. S m it h . Deposits draw interest from first Tuesday of January, April, July and October; dividends are payable the Wednesday after the first Tuesday of January and July. Business hours: 9 a .m . to 12 m .; 1 to 4 p .m .; Saturdays, 9 a .m . to 12 m .; also Fridays, 7 to 8 p .m . STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . 732 loans on real estate (average of each, $1,956.57) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,435,557 00 . . . 3,345 00 --------------------44 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $75,000; assessed value, $68,125) . . Real estate by foreclosure, etc. (assessed value, $16,250) . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . T ota l A . . . . . . . . . . $182,209 00 540,381 00 126,083 00 34,293 75 4,100 00 16,794 89 1,432,212 00 43,280 00 55,000 00 14,296 11 42,858 82 2,929 18 s s e t s ...............................................$2,494,437 75 L ia b ilit ie s . Due depositors on 6,835 accounts, averaging $333.34 each . . . (Accounts opened during year, 1,227; closed, 620; increase, 607) Surplus; — a. Guaranty fund (4.74 of deposits; increase during year, $5,958.28) h. Profit and loss (increase during year, $4,627.60) . . . . Current income: — I n t e r e s t ................................................ Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . $2,278,390 54 . 108,000 00 78,869 90 $31,233 44 2,056 13 29,177 31 T o t a l L ia b ilitie s . . $2,494,437 75 No. 8. BANK COMMISSIONER. 293 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a xes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $3,101.85 $3,961.89 $600.00 $25.50 $2,063.18 $9,752.42 Cost per $1,000 of assets 1.24 1.58 .24 .01 .83 3.90 Cost per $1,000 of assets not including State tax and rent . 2.42 Gross income received during the year, $116,936.91. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .9 9 % ). Real estate loans (average rate, 5.39 per cent.): 5%, $706,856; 5M%> $3,200; 5Ji%, $322,554; 6%, $399,602. Personal loans (average rate, 5.62 per cent.): 5%, $10,685; 5}^%, $11,000; 6%, $21,595. Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3J^%, $106,000 ; 4%, $458,500; 4M%, $1,500; 4J^%, $174,000 ; 5%, $160,200; 6%, $19,500; 10%, $400. Number of loans not over $3,000 each, 629, amounting to $639,718. 69 real estate loans made during year, amounting to $221,589. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2}4% July, 1916, 2% Number of deposits during year, 9,150, amounting to Number of withdrawals during year, 5,479, amounting to $49,842 35 41,875 23 463,956 18 . . . Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s . Par Value. $50,000 Boston 4s 1.000 Brockton 4s 30.000 Los Angeles, Cal., 4J^s 4.000 Medford 4s 4.000 New London, Ct., 4s 6.000 Newton 4s 1.000 Pittsfield 3^s 5.000 Portland, Ore., 4s 10.000 Portland, Ore., 4Hs 15.000 Quincy 4s 25.000 San Francisco, Cal., 5s 15.000 Seattle, Wash., 5s 8.000 Taunton 4s 3.000 Abington 4s 1,500 Hanover 4 J^s 4.000 Rockland 4s R a ilr o a d B on d s. $15,000 Atch., Top. & Santa Fé 4s 30.000 Baltimore & Ohio 4J^s 10.000 Bangor & Aroostook 5s $555,673 76 354,387 59 $201,286 17 OF S E C U R IT IE S OW NED. Par Value. $10,000 Boston & Albany 3}^s 27.000 Boston & Maine 4s 10.000 C..B.&Q. 4s 10.000 Chic., Mil. & St. Paul 4s 26.000 Chic., Mil. & St. Paul 4)^s 15.000 Chic., Mil. & St. Paul 5s 10.000 Chicago & Northwestern 4s 5.000 Dexter & Piscataquis 4s 5.000 Erie & Pittsburgh 3J^s 20.000 Fitchburg 4s 10.000 Fitchburg 5s 60.000 Illinois Central 3J/*>s 10.000 Lake Shore & Mich. South. 4s 5.000 Louisville & Nashville 4s 40.000 Maine Central 4J^s 10.000 Minn., St. P. & Sit. St. M. 5s 60.000 N. Y. C. & H. R. 4s 17.000 N. Y., Lack. & Western 6s 25.000 N. Y., N. H. & H. 3^s 16.000 N. Y., N. H. & H. 4s 20.000 No. Maine Seaport 5s 4.000 Old Colony 4s D a t e s of E x a m in a t io n a n d A u d it , April 17-22 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . Par Value. $50,000 Pitts., Lake Erie & W. Va. 4s 10.000 Portland Terminal Co. 4s 10.000 Somerset Ry. 4s 2.000 Upper Coos 4s 5.000 Washington Co. 3J^s 5.000 Wore., Nash. & R, 4s S tr e e t R a ilw a y B o n d s , $15,000 Boston Elevated 4s 28.000 Boston Elevated 4p£s 20.000 Boston Elevated 5s 10.000 Boston & Northern 4a 4.000 Brockton 5s 10.000 West End 4s 10.000 West End 4p^s 30.000 West End 5s B a n k S to ck s, Shs. 12 Abington Nl. Bk. 4 Merchants Nl. Bk., Boston 25 Rockland Trust Co. 294 REPO RT OF THE [Pub. Doc. SALEM SAVINGS BANK, SALEM. 125 W A S H I N G T O N Incorporated January 29, 1818. C h a r l e s S. R e a , President. STREET. Number of corporators, 100; number of trustees, 22. J a m e s Y o u n g , Jr., Treasurer. F r a n k S. P e r k in s , 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 is h o l m , E. ,T. F a b e n s , G . R . F e l t , H. O. F u l l e r , G . W. G r a n t , G . R . J e w e t t , J. J. M a c k , R . M . M a h o n e y , W. P . M c M u l l a n , G . A. M o r r il l , W . E. N o r t h e y , R o b e r t O sg o o d , J o h n P i c k e r in g , F . G . P ou s l a n d , C . S. R e a , D. A. V a r n e y , G . A. V ic k e r y , G e o r g e W e s t , R ic h a r d W h e a t l a n d . Board of Investment: C. S. R e a , G. R . J e w e t t , D. A . V a r n e y , G. H . A l l e n , R o b e r t O sg o o d , W. A. C h is h o l m . Auditing Committee: W. A. C h is h o l m , G. W. G r a n t , G. R. F e l t . Deposits draw interest from third Wednesday of January, April, July and October; dividends are pay able after the third Wednesday of April and October. Business hours: 8.45 a .m . to 1.15 p .m .; also Saturdays, 7 to 9 p .m . STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . 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 . . 1,093 loans on real estate (average of each, $4,669.68) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . 37 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $100,000; assessed value, Real estate by foreclosure, etc. (assessed value, $36,400) . Taxes, insurance, etc., paid on mortgaged properties . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . T ota l A . . . . . . . . . . . . . . . $5,170,067 10 77,030 00 $1,754,507 00 2,558,863 25 760,280 00 100,000 00 203,450 00 156,000 00 5,093,037 1,034,600 60,000 32,330 2,342 116,868 13,387 . $101,700) . . . 10 00 00 47 60 25 78 s s e t s ...............................................$11,835,666 45 L ia b ilit ie s . Due depositors on 21,563 accounts, averaging $508.16 each (.Accounts opened during year, 2,666; closed, 1,931; increase, 735) Surplus: — a. Guaranty fund (5.01% of deposits; increase during year, $22,000) b. Profit and loss (increase during year, $36,834-11) . Current income: — a. Interest . . . . . . . $9,309 62 b. Rent . . . . . . . 33 34 . $10,957,384 26 549,000 00 371,547 75 $9,342 96 1,608 52 -------------- Less current expenses not charged off 7,734 44 T o t a l L i a b i l i t i e s ...............................................$ 11,885,666 45 T o t a l E xp en ses f o r t h e Y e a r, in c lu d in g S ta te T a x e s. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $24,658.69 $21,003.92 $2,500.00 $664.69 $4,731.71 $53,559.01 Cost per $1,000 2.07 1.77 .21 ,05 .40 4.50 Cost per $1,000 of assets not including State tax and rent . . . . . . 2.22 Gross income received during the year, $524,765.57. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BAN K COMMISSIONER. No. 8.] 295 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .6 0 % ). Real estate loans (average rate, 4.88 per cent.): 4%, $43,000; 4M%. $185,300: 4M%. 8799,400; 4%% $70,500; 5%, $3,968,337.10; 5M%, $21,050 ; 6%, $5,450. Personal loans (average rate, 4.32 per cent.): 4%, $175,000; 4)4%, $523,500; 4M%. $248,500; 4%%, $51,500; 5%, $36,100. Bonds, stocks, etc. (average rate on amounts invested, 4.39 per cent.): 3%, $159,000 ; 31/io%, $20,00032/io%, $9,100; 3M%. $50,000 ; 3M%, $1,155,500; 4%, $1,627,500; 4M%, $75,000; 4M%,’ $1,312,000; 5%, $918,500; 5}^%, $25,000; 6%, $119,500 ; 7%, $3,000; 8%, $25,500; 10%, $58,30012%, $22,300; 16%, $15,500. Number of loans not over $3,000 each, 684, amounting to $1,289,772.82. , 177 real estate loans made during year, amounting to $941,175. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: April, 1916, 2% Oct., 1916, 2% Number of deposits during year, 20,899, amounting to Number of withdrawals during year, 15,766, amounting to Net increase in amount due depositors SCHEDULE P u b lic F u n d s, B o n d s. Par Value. $250,000 Massachusetts 3Ms 33.000 Akron, 0. 5s 25.000 Allegheny, Pa., 4s 175.000 Boston 4s 25.000 Boston 4Ms 85.000 Burlington, Vt., 3Ms 20.000 Fall River 3Ms 4,500 Gloucester 3Ms 120.000 Los Angeles, Cal., 4Ms 50.000 Lynn 4Ms 50.000 Minneapolis, Minn., 4s 50.000 New Bedford 5s 74,500 North Adams 4s 20.000 Oakland, Cal., 4)^8 25.000 Oakland, Cal., 5Ms 133.000 Omaha, Neb., 4Ms 50.000 Portland, Ore., 6s 17.000 Quincy 3Ms 41.000 Salem 4s 38.000 Salem 4Ma 200.000 San Francisco, Cal., 5s 110.000 Seattle, Wash., 4Ms 50.000 Spokane, Wash., 4Ms 25.000 St. Louis, Mo., 3Ms 10.000 Waterbury, Conn., 4s 9,000 Ware 3Ms 15.000 Augusta, Me. (W. D.),4s P u b lic F u n d s , N o te s . $20,000 Brookline 3.10% 25,000 Brookline 3Ms 5,000 Middleborough 4s 9,100 North Adams 3%oS OF . . . S E C U R IT IE S . . . . . . $2,019,394 S3 1,593,343 98 $426,050 85 OW NED. R a ilr o a d B o n d s . Par Value. $103,000 Baltimore & Ohio 4Ms 25.000 Boston & Albany 3Ms 113,000 Boston & Albany 5s 15.000 Boston & Lowell 4s 84.000 Boston & Maine 3s 80.000 Boston & Maine 4s 150.000 Boston & Maine 4Ms 100.000 C., B. & Q. 3Ms 100.000 Chic., Mil. & St. Paul 4Ms 100.000 Chic., Mil. & St. Paul 5s 50.000 Chic. & Northw. 3Ms 100.000 Cleve. & Pittsburgh 3Ms 10.000 Cleve. & Pittsburgh 4Ms 100.000 Concord & Montreal 4s 10.000 Connecticut River 3Ms 50.000 Conn. & Passumpsic R. 4s 5.000 Fitchburg 4s 75.000 Fitchburg 4Ms 50.000 Fitchburg 5s 31.000 Fre., Elk. & Mo. Val. 6s 25.000 Housatonic 5s 75.000 Illinois Central 3s 100.000 Illinois Central 3Ms 16.000 Illinois Central 4s 50.000 Lake Shore & M. S. 3Ms 175.000 Maine Central 4Ms 10.000 Maine Shore Line 6s 8.000 Michigan Central 4s 60.000 Mil., Lake Shore & W. 5s 15.000 Mil., Lake Shore & W. 6s 100.000 Minnesota & Iowa ,3Ms 50.000 Minn., St. P. & S. Ste. M. 4s 25.000 Minn., St. P. & S. Ste. M. 5s 25.000 N. Y. C. & H. R. 3Ms D a t e s of E x a m in a t io n , June 22-29 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . $204,331 68 210,670 60 1,604,392 55 Par Value. $50,000 N. Y. C. & H. R. 4s 9.000 N. Y,, Lack. & West. 6s 25.000 New York & New Eng. 4s 25.000 N. Y., N. H. & H. 3Ms 200.000 N. Y., N. H. & H. 4s 50.000 Old Colony 4s 50.000 Princeton & N. W. 3Ms 25.000 Providence & Wore. 4s 50.000 St. J. & Lake Champ. 5s 10.000 Sullivan County 4s 18.000 Wore., Nash. & Roch. 4s S tr e e t R a ilw a y B o n d s . $100,000 Boston Elevated 4s 200.000 Boston Elevated 4Ms 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 4Ms 160.000 West End 5s 15.000 Worcester & Holden 5s B a n k S to c k s. Shs. 30 Beverly Nl. Bk. 25 Boylston Nl. Bk., Boston 155 First Nl. Bk., Boston 583 Merchants Nl. Bk., Boston 175 Nl. Shawmut Bk., Boston 80 Nl. Union Bk., Boston 223 Second Nl. Bk., Boston 45 Nl. Grand Bk., Marblehead 296 REPO RT OF THE [Pub. Doc. SALEM FIVE CENTS SAVINGS BANK, SALEM. 210 E S S E X Incorporated March 9, 1855. STREET. Number of corporators, 151; number of trustees, 30. H e n r y A. H a l e , President. W il l ia m P . H u b o n , Clerk of the Corporation. H arry ' P . G if f o r d , Treasurer. O r la n d o S. L e ig h t o n , Assistant Treasurer. Board of Ttustees: R . D . A d a m s , W . K . B ig e l o w , H . M . B i x b y , F . A . B r o w n , H . M . B a t c h e l d e r S. 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 , 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 ar r is , U . G . H a s k e l l , W . L. H y d e , W . M . J e l l y , E. W. L o n g l e y , W . S. N e a l , A . H . P h ip p e n , C. E. P h ip p e n , J. C . R o b so n , M a t t h e w R o b so n , W . H . R o p e s , N. G . S im o n d s , J. F . S m it h . ’ Board of Investment: H . M . B a t c h e l d e r , F . A. B r o w n , W . R . C o l b y , H . A. H a l e , M a t t h e w R o b so n . Auditing Committee: W. O. C h a p m a n , J. F. S m it h , W. F. C a s s . Deposits draw interest from first day of February, May, August and November; 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. STATEM EN T OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & Tel. Co. bonds Stocks of banks and trust companies 1,256 loans on real estate (average of each, $4,611.06) 40 loans on personal security . . . . . . Bank building and fixtures (estimated value, $200,000; assessed value, $193,700) Real estate by foreclosure, etc. (assessed value, $19,100) . Deposits in national banks or trust companies Cash and cash items . . . . . . T o t a l A s s e ts . $2,301,871 00 . 2,430,519 00 346,755 00 88,400 00 177,935 00 . 5,791,495 00 414,508 00 150,000 00 19,951 53 90,232 72 26,823 47 . $11,838,490 72 L ia b ilit ie s . Due depositors on 30,051 accounts, averaging $358.23 each (.Accounts opened during year, 5,451; closed, 3,880; increase, 1,571) Surplus: — a. Guaranty fund (4.93% of deposits; increase during year, 823,500) b. Profit and loss (increase during year, $60,791.04) . Current income: — Interest . . . . . . . . . . Le3s current expenses not charged off . . $7,038 39 Less real estate expense paid and not charged off 4,282 84 . $10,765,110 78 531,000 00 438,685 60 $115,015 57 11,321 23 ----------------- 103,694 34 T o t a l L i a b i l i t i e s ...............................................$11,838,490 72 T o t a l E xp en ses fo r t h e Y e a r, in c lu d in g S ta te T a x es. State Tax (Net). Salaries. Rent. Amount paid for $20,823.70 $20,391.01 Cost per $1,000 of assets 1.76 1.72 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $542,218.13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. Total. $1,170.01 $6,020.17 $48,404.89 .10 .51 4.09 ....................................... 2.33 BANK COMMISSIONER. No. 8.] 297 R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 4 .7 5 % ). Real estate loans (average rate, 4.88 per cent.): 4%, $39,000; 4)4%, $83,800; 4)4%, $1,900,775; 4)4%, $7,000; i% % , $71,650; 5%, $3,040,770; 5)4%, $4,500; 5)4%, $447,400; 6%, $193,300; 6)4%, $3 300. Personal loans (average rate, 4.85 per cent.): 4)4%, $182,200; 4J4%, $50,500; 5%, $93,683; 5)4%, $88,000; 6%, $125. Bonds, stocks, etc. (average rate on amounts invested, 4.58 per cent.): 3%, $191,837.39; 3.29%, $98,070.55; 4%, $1,822,400; 4)4%, $57,000; 4)4%, $1,527,550; 5%, $1,215,500; 5.40%, $9,713.06; 5)4%, $63,800; 6%, $262,000; 7%, $6,000; 8%, $74,500; 12%, $12,500; 16%, $22,500. Number of loans not over $3,000 each, 717, amounting to $1,230,625. 222 real estate loans made during year, amounting to $1,054,950. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Feb., 1916, 2% Aug., 1916, 2% Number of deposits during year, 47,686, amounting to $193,895 34 199,435 69 2,338,330 16 Number of withdrawals during year, 27,410, amounting to Net increase in amount due depositors SCH EDU LE P u b lic F u n d s, B on d s. Par Value. $179,000 Massachusetts 4s 180.000 Boston 4s 57.000 Boston 4)4s 25.000 Bristol, Conn., 4)4s 20.000 Brockton 4s 10.000 Buffalo, N. Y., 4)4s 38.000 Cambridge 4s 9,850 Cambridge 4J4s 25.000 Canton, 0., 5s 33,800 Canton, 0., 5)4s 50.000 Cleveland, 0., 4)4s 12.000 Dayton, O., 5s 10.000 Decatur, 111., 5s 14.000 Fall River 4s 50.000 Fitchburg 4s 66.000 Grand Rapids, Mich., 4)4s 25.000 Hamilton, 0., 5s 25.000 Kansas City, Mo., 4)4s 20.000 Lawrence 4s 75.000 Los Angeles, Cal., 4)4s 8,400 Lowell 4s 25.000 Medford 4s 17.000 Minneapolis, Minn., 4)4s 115.000 New Bedford 4s 20.000 Oakland, Cal., 5)4s 10.000 Omaha, Neb., 5)4s 10.000 Oshkosh, Wis., 4)4s 93.000 Portland, Ore., 5s 40.000 Rochester, N. Y., 4)4s 20.000 St. Paul, Minn., 4)4s 151,000 Salem 4s 50.000 Schenectady, N. Y., 4)4s 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 91,700 Troy, N. Y., 4)4s 62.000 Utica, N. Y., 4)4s 25.000 Wilkes-Barre, Penn., 4))s 12.500 Yonkers, N. Y., 5s 25.000 Youngstown, 0., 4)4s 6.000 Abington 4s 8.000 Bedford 4s 8.000 Belmont 4)4s 6,500 Great Barrington 4s 11.000 Hardwick 4s 12.500 Littleton 4s 40.000 Warwick, R. I., 4His 9,000 Shelburne Falls (F. D.) 4s D ates op . OF . . . S E C U R IT IE S P u b lic F u n d s , N o te s . Par Value. $13,000 New-Bedford 3.25% 98,070 Quincy 3.29% 50,000 Salem 4s 48,820 Waltham 3s 48,997 Framingham 2.50% 19,647 Greenfield 2.90% 29,372 Hopkinton 2.50% 9,713 South Hadley 3.65% R a ilr o a d B o n d s . . . . . . . . $2,731,661 19 2,114,125 28 . $617,535 91 OW NED. Par Value. $50,000 Minn., St. P. & S. S. Marie 5s 25.000 Mobile & Montgomery 4)^s 55.000 Montana Central 5s 10.000 New Haven & Derby 5s 90.000 N. Y. C. & H. R. 4s 10.000 N. Y., Lack. & Western 6s 50.000 N. Y., N. H. & H. 4s 25.000 New Orleans & Mobile 6s 10.000 Ohio River 5s 95.000 Old Colony 4s 25.000 Pennsylvania 4)^s 15.000 Pitts., Vir. & Charleston 4s 75.000 Ports., Gt. F. & Con. 4}4s 25.000 Rome, Watertown & Og. 5s 16.000 Schenectady & Duans. 6s 15.000 San Fran. & San Joaq. V. 5s 100,000 St. P., Minn. & Man. 4Hjs 25.000 Western Penn. 4s 50.000 Wilmar & Sioux Falls 5s $23,000 Adirondack 4)4s 50.000 Baltimore & Ohio 4s 100.000 Baltimore & Ohio 4))s 50.000 Baltimore & Ohio 5s 50.000 Boston & Albany 4)^s 30.000 Boston & Albany 5s 60.000 Boston & Maine 4)£s 10.000 Chi., Burl. & Quincy 4s 100.000 Chi., Mil. & St. Paul 4s S tr e e t R a ilw a y B o n d s . 40.000 Chi., Mil. & St. Paul 6s 20.000 Chicago & Northwestern 4s $8,000 Boston Elevated 4s 20.000 Chicago & Northwestern 5s 50.000 Boston Elevated 4)^s 5.000 Chicago, R. I. & Pac. 6s 125,000 Boston Elevated 5s 130.000 Cleveland & Pittsburg 4)¿s 20.000 Lynn & Boston 5s 80.000 Concord & Montreal 4s 15.000 Old Colony 4s 15.000 Danbury & Norwalk 5s 20.000 West End 4s 6.000 Danbury & Norwalk 6s 75.000 West End 4)£s 50.000 Delaware & Hudson 4s 25.000 West End 5s 20.000 Fitchburg 4s 10.000 Western Mass. 5s 25.000 Fitchburg 4)^s 5,000 Worcester & Marl. 5s 35.000 Fitchburg 5s 25.000 Fitchburg 5s, note 100.000 Fre., Elk. & Mo. Val. 6s 45.000 Illinois Central 3s B a n k S to c k s. 75.000 Illinois Central 4s 100 Boylston Nl. Bk., Boston 25.000 Michigan Central 4s 225 First Nl. Bk., Boston 58.000 Kal., Al. & Gr. Rapids 5s 25.000 Kankakee & Southwestern 5s 80 Fourth-Atlantic Nl. Bk., Boston 20.000 Louisville & Nashville 4)^s 300 Nl. Shawmut Bk., Boston 100 Nl. Union Bk., Boston 75.000 Louisville & Nashville 5s 65 Old Boston Nl. Bk., Boston 15.000 Louisville & Nashville 6s 125 Second Nl. Bk., Boston 50.000 Mahoning Coal Co. 5s 25.000 Maine Central 4His 40 Webster & Atlas Nl. Bk., Boston 60 Warren Nl. Bk., Peabody 65.000 Maine Central 5s 15.000 Mich. Cent. 4s 130 Asiatic Nl. Bk., Salem 75.000 Mich. Central 5s 25 First Nl. Bk., Salem 60.000 Mil., L. S. & Western 5s 200 Mercantile Nl. Bk., Salem 45.000 Mil., L. S. & Western 6s 450 Merchants Nl. Bk., Salem E xam ination , September 5-12 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . REPO RT OF THE 298 [Pub. D oc. SEAMEN’ S SAVINGS BANK, PROVINCETOWN. 274 C O M M E R C I A L Incorporated April 14, 1851. STREET. Number of corporators, 45; number of trustees, 13. L ysander N. P a in e , President. W illiam H . Y oung , Treasurer. M yrick C. Y oung , Clerk of the Corporation. Board of Trustees: M. C. A twood , H. S. C ook , A. P. H annum , H. F. H opkins , H. P. H ughes , Joseph M an ta , G. F. M ille r , E. N. P a in e , L. N. P a in e , A. L. P utnam , J. B. R ich , W alter W elsh , W . H. Y oung . Board of Investment: H . S. C ook , A. P. H annum , G. F. M ille r , L. N. P a in e , A. L. P utnam . Auditing Committee: M. C. A twood , A. P. H an n u m , J. B. R ich . Deposits draw interest from first day of January, April, July and October; dividends are payable the Friday preceding the third Monday of January and July. Business hours: 9 a .m . to 12 m . and 1 to 3 P.M. STATEM ENT OF C O N D IT IO N , O C T O B E R 31, 1916. A s s e ts . Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . Stocks of banks and trust companies . . . . . . . 483 loans on real estate {average of each, $681.52) . . . . . 171 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $7,500; assessed value, $7,640) Real estate by foreclosure, etc. (assessed value, $13,920) . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . T o t a l A s s e ts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $64,850 00 47,045 00 29,200 00 10,800 00 4,340 00 329,177 45 211,175 50 5,000 00 14,250 94 191 31 17,786 73 5,701 13 $739,518 06 L ia b ilit ie s . Due depositors on 2,259 accounts, averaging $303.38 each . . . . . (Accounts opened during year, 333; closed, 233; increase, 100) Surplus: — a. Guaranty fund {J).80% of deposits; increase during year, $2,501.64) . h. Profit and loss (increase during year, $1,249.01) . . . . . . Current income: — Interest . . . . ■ . . . . $12,382 84 Less current expenses not charged off . . $1,259 96 Less State or local taxes not charged off . . 168 08 --------------------1,428 04 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $685,355 41 32,935 25 10,272 60 10,954 80 T o t a l L ia b ilit ie s . . . . . $739,518 06 No. 8.] BAN K COMMISSIONER. 299 T o ta l E xpenses fo r t h e Y ea r, in c lu d in g S ta te Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,306.12 $2,610.00 $200.00 $34.50 $840.46 $4,991.08 Cost per $1,000 of assets 1.76 3.52 .27 .05 1.13 6.73 Cost per $1,000 of assets not including State tax and rent . . . . . . 4.70 Gross income received during the year, $34,512.80. R a t e s o n I n v e s t m e n t s a n d L o a n s (A v e r a g e o n A ll, 5 .2 4 % ). Real estate loans (average rate, 5.74 per cent.): 5%, $49,023.50; 5M%. $4,000; 5J^%, $66,775; 6%, $209,378.95. Personal loans (average rate, 5.05 per cent.): 4M%. $85,000; 4J^%, $20,000; 5%, $20,600; 5H %, $1,000; 6%, $84,575.50. Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.): 3J^%, $5,000; 4%, $83,000; 4H%, $55,500; 5%, $12,650; 6%, $1,200; 8%, $400; 12%, $1,700. Number of loans not over $3,000 each, 627, amounting to $332,279.45. 70 real estate loans made during year, amounting to $54,692. D iv id e n d s , D e p o s it s a n d W it h d r a w a ls . Ordinary dividends declared during year: Jan., 1916, 2% July, 1916, 2 % Number of deposits during year, 2,273, amounting to . . . . . . ....................................... . . . . Number of withdrawals during year, 2,044, amounting to Net increase in amount due depositors SCH EDULE E xamination https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . S E C U R IT IE S . . . . . . $210,638 23 153,321 54 . $57,316 69 OW NED. Par Value. $3,000 Provincetown 4}^s 1,350 Provincetown 5s Par Value. $8,000 Washington Co., Me., 4s 6.000 Bay City, Mich., 4s 10.000 Boston 4s 2.000 Gloucester 4s 10.000 Kansas City, Mo., 4}^s 2.000 Lowell 4s 7,500 Milwaukee, Wis.,4Hs 5.000 Providence, R. I., 4s 7.000 Quincy 4}4s 3.000 Provincetown 4>^s of OF . . P u b lic F u n d s , N o te s . P u b lic F u n d s, B o n d s . D ates . . $11,851 07 12,204 02 186,583 14 S tr e e t R a ilw a y B o n d s . Par Value. $10,000 Boston Elevated 4J^s 10.000 Boston & Northern 4s 10.000 West End 4Hs R a ilr o a d B o n d s. $5,000 Boston & Maine 4s 5.000 Boston & Maine 4J^s 1.000 C., B. & Q. 4s 5.000 Fitchburg 5s 5.000 Illinois Central 3Ks 5.000 Illinois Central 4s 5.000 Lime Rock 4s 5.000 Louisville & Nashville 5s 7.000 N. Y., N. H. & H. 4s 5.000 Old Colony 4s and A u dit , October 16-20 inclusive. B a n k S to c k s. 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 300 REPO RT OF THE [Pub. Doc SHELBURNE FALLS SAVINGS BANK, SHELBURNE FALLS. 22 Incorporated March 28, 1855. B R ID G E STREET. Number of corporators, 25; number of trustees, 11. F rank L. R eed , Clerk of the Corporation. Board of Trustees: E dwin B a k e r , W . S. B a ll , F. J. C anedy , L orenzo G riswold , C. W . H aw ks , F. E. M errick , H erbert N ew ell , F. L. R eed , C. D. Spencer , J. A. W ells , M. Z. W oodward . Board of Investment: E dwin B ak e r , W. S. B a ll , C. W. H a w ks . Auditing Committee: H erbert N ew ell , F. L. R eed , M. Z. W oodward . 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 .