View original document

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

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