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Public Document No. 8 ANNUAL REPORT OF THE ~ÎY\ BANK COMMISSIONER. 1916 . RELATING TO CO-OPERATIYE BANKS, SAVINGS AND LOAN ASSOCIATIONS, AND CREDIT UNIONS. BOSTON: W R IG H T & P O 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 P u b l ic a t io n o p t h is D ôcum ent APPROVED B Y THE S u p e r v is o r op A d m in is t r a t io n . 335 A 1^ I 0 ' t>~ ®l)c Æommontucaltl) of iîtnssacbusetto. O f f ic e of the State H B a n k C o m m is s io n e r , ou se, B o sto n , January 17, 1917. To the General Court of Massachusetts. Complying with the requirements of the Revised Laws, the Bank Commissioner respectfully submits Part II. of his annual report, relating to co-operative banks, credit unions and three savings and loan associations, for the year ending Oct. 31, 1916. C o- operative B anks . On Oct. 31, 1916, there were 183 of these banks doing business, with aggregate assets of $113,305,907.40. These figures show an increase for the year of 4 new banks and $11,762,589.85 in total assets, this being the largest increase in any one year since the first co-operative bank started, in 1877. The 4 new banks which com menced business during the year covered by this report are the Edward Everett Co-operative Bank and the Elm Hill Co-operative Bank, both of Boston, the Lexington Co-operative Bank of Lexing ton and the Pilgrim Co-operative Bank of Cohasset. Berkshire County Co-operative Bank. Since the report of a year ago the liquidating committee of this bank has paid two dividends of 5 per cent, each, making seven dividends since the bank ceased to do business, a total of 80 per cent, paid to date, as follows: — June 8, 1911, 25 per cent. . $41,030 53 March 5, 1912, 12| per cent, 20.515 27 M a y 5, 1913, 12| per cent. 20.515 27 M a y 25, 1914, 10 per cent. 16.412 22 M a y 27, 1915, 10 per cent. 16.412 22 July 3, 1916, 5 per cent. 8,206 11 Oct. 31, 1916, 5 per cent. 8,206 11 Total paid, 80 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $131,297 73 R E PO R T OF TH E IV [Pub. Doc. The balance now due to depositors amounts to $32,824.38, against which the committee has assets comprising loans on real estate amounting to $14,992.95 and foreclosed properties which stand on the books for $29,045. The cash which can be realized from the foreclosed properties is problematical, and the time necessary to liquidate the assets depends entirely upon the real estate conditions in North Adams. Every effort is being made, however, to convert the assets into cash, and further dividends will be paid as fast as possible. Condition of Co-operative Banks. The following table shows the assets and liabilities for the years 1915 and 1916, and also a comparison by percentages of the distribu tion of the investments for the past six years: — Aggregate Statement o f Condition o f A ll Co-operative Banks. Oct. 31, 1916, 183 Banks. Oct. 30, 1915, 179 Banks. $200,397 35 $75,923 65 103,657,829 37 3,324,625 00 170,006 56 93,987,790 50 3,220,952 80 193,513 33 R e al E state . Real estate by foreclosure, etc. . 318,656 51 270,693 14 A br e a r a g es . dues . . . interest premiums fines . . . 147,996 46 979 61 13,721 83 ASSETS. S ecurities . Bonds and notes L o ans . Loans on real estate . Loans on shares . . . Common form mortgages Unpaid Unpaid Unpaid Unpaid . . . . M iscellaneous . Permanent expense Temporary expense Personal accounts Insurance and taxes paid . Sundry assets . . . . C a sh . Cash on hand and in banks Cash it e m s ........................................ ► https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - 146,995 16 2,023 99 12,695 31 P ercentage op I nvestments to T otal A ssets O ctober 31. 1916 1915 1914 1913 1912 1911 .18 .08 .37 .19 .12 .18 91.49 92.56 92.98 93.77 93.22 92.90 2.93 3.17 3.23 3.42 3.45 3.67 .24 .36 .15 .19 .19 .29 .21 .20 .19 .24 - - .14 .15 .02 . 01 .16 .02 . 05 .18 .02 . 05 .18 .02 .02 .04 .01 .01 .02 .04 .03 .01 .01 - .01 .01 .02 .04 .01 .01 .01 .28 .27 - .13 - .01 .01 95 72 28 64 69 .02 .04 .01 .01 .01 - 3,537,604 39 - 4.74 - 3.48 - 2.76 - 1.91 - 2.37 - 2.31 - $113,305,907 40 $101,543,317 55 100 100 100 100 100 100 26,037 47,413 5,193 7,574 12,691 76 25 99 77 56 5,371,564 95 1,218 43 26,387 47,487 3,202 7,017 11,029 .03 .05 .03 .04 .01 .01 No. 8.] BANK COMMISSIONER. v Aggregate Statement of Condition o f A ll Co-operative Banks — Concluded. LIA B ILITIE S. 1916 1916 Increase. Decrease. Oct. 31,1916. Oct. 30, 1915. $90,509,866 00 15,906,349 37 $82,034,231 00 14,268,194 50 $8,475,635 00 1,638,154 87 _ 2,810,400 00 1,615,600 00 1,194,800 00 - 1,646,485 95 1,489,654 36 1,381,561 45 1,383,919 14 264,924 50 105,735 22 - C a p it a l . Dues c a p i t a l .................................... Profits c a p i t a l .................................... 14,052 matured shares represented by c e r t i f i c a t e s .................................... Subplu s. Guaranty f u n d .................................... S u r p l u s ............................................. U n d iv id e d E a b n in g s . I n t e r e s t ............................................. P r e m i u m ............................................. Fines . . . . . . . Transfer f e e s .................................... Withdrawal profits . . . . Forfeiture profits . . . . 679,245 4,372 19,893 99 17,350 1,118 76 73 14 25 82 01 625,821 3,903 18,699 97 17,120 714 68 26 09 50 35 08 MlSCELLANE OUS. Forfeited share account Retired share account Matured share account Advanced payments . Personal accounts . Security committee . D ue on foreclosure sales Sundry liabilities . 37,027 27 639 91 147,946 93 . . . . . . . . . . . . . - 10,544 2,572 73 22,267 37,415 49 20,930 30 106,796 68 - 6,002 99 1,465 18 05 63 30 92 20,844 86 $113,305,907 40 $101,543,317 55 - 53,424 469 1,194 1 230 403 08 47 05 75 47 93 41,150 25 _ _ _ _ _ $388 22 20,290 39 - - 4,541 1,107 73 1,423 - 06 45 30 06 $11,783,268 46 _ _ _ $20,678 61 Receipts and Disbursements. From the following table it is seen that the real estate loans made during the year amounted to over $4,000,000 more than the year previous, while the repayments to the bank increased in about the same proportion. The amount of new share loans increased only about $11,000, while the partial payments showed almost $200,000 more than the previous year. This was evidently due to the pros perity of the country in certain lines, and to the fact that the people in many sections were in better condition financially and had made many payments on their loans, so that those classes of loans did not increase in the same proportion as in past years. This has forced many of the banks to retire shares in greater number than previously, and during the year 9,274 shares have been retired with a value of $1,571,254.47 as against 2,801 shares in 1915 showing a value of $490,050.13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF THE VI [Pub. Doc, Receipts and Disbursements for the Year ending Oct. 31, 1916. R e c e ip t s . D C a p it a l . Dues capital L oans . and C . . . I n vestm en ts. Real estate loans eliminated b y foreclosure . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans M o r t g a g e s .................................... Notes and bonds . . . . Real estate b y foreclosure . I ncome $24,320,785 00 and and 5,941,508 24,674 175,092 902 117,911 1,196 746 11,665 72 69 51. 92 17 42 50 50 I n t e r e s t .................................... Tem porary expense Permanent expense 68,213 336,449 1,764,920 1,385,789 113,525 258,000 5,270 118,215 75 43 76 58 42 00 56 57 Forfeited share account Retired share account . Matured share account Matured share certificate account Personal accounts . Certificates of deposit . S u r p l u s ..................................... S u n d r i e s ..................................... I ncom e 00 00 00 00 78 54 47 15 29,258,796 2,755,336 678,357 36,178 166,924 549,031 94 50 96 59 11 37 and E xpenses. 70,163 74 460,794 80 16,768 02 M isc e l l a n e o u s. C ash . Cash on hand Oct. 30,1915 . $10,097,568 104,800 1,164,093 4,478,759 1,451,280 16,369 407,161 1,686,009 I nvestm ents. Real estate loans . . . . Share l o a n s .................................... Uncompleted mortgage loans M o r t g a g e s .................................... Notes and bonds . . . . Real estate b y foreclosure . 73 89 30 09 00 92 10 M is c e l l a n e o u s . Forfeited share account Retired share account . Matured share account Matured share certificate account Personal accounts . Certificates of deposit . S u r p l u s .................................... S u n d r i e s .................................... a p it a l . 1,008,257 18,017,243 2,651,669 729,632 58,914 42,473 500,717 E xpen ses. Interest .................................... P r e m i u m s .................................... Fines ............................................. Transfer fees . . . . Withdrawal profits Forfeited profits . . . . R e n t s ............................................. E x p e n s e s .................................... . Dues capital (withdrawn) . Dues capital (forfeited) Dues capital (retired) . Dues capital (matured) Profits capital (withdrawn) Profits capital (forfeited) Profits capital (retired) Profits capital (matured) L oans 510,282 32 isb u b se m e n ts C 3,399,604 39 31 64 89 83 53 00 31 38 ash . Cash on hand Oct. 31, 1916 . $61,563,663 24 68,090 356,570 1,731,696 194,280 113,646 458,000 47,451 160,750 5,034,783 38 $61,563,663 24 Statistics of Business. The following table, covering six years, shows the rapid progress made during this period. The total number of shares held were 2,094,295, which were distributed among 236,760 members. The number of members increased during the year 19,333, while the number of shares increased 198,518. It is interesting to note that while the number of new members showed an increase of 6,037 over the increase of the previous year, the members who withdrew de creased 118, making 8.84 as the average number of shares held by each member and the average profits were $67.18. The rate of dividend has generally increased, and now averages 5.26 per cent., while the percentage of total expenses to assets remains the same. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER, No. 8.] Y Num ber withdrawn Num ber matured L o ans. Num ber of real estate loans Oct. 31 . . . . Average rate of interest, real estate loans, Oct. 31 . Num ber of share loans Oct. 31 . . . . Average rate of interest, share loans, Oct. 31 . Num ber of members Oct. 31 Average number of shares O c t o b e r 31. 1916 1915 1914 1913 1912 1911 2,094,295 647,698 548,546 304,176 5,502 9,274 31,075 1,895,777 593,715 468,965 297,924 5,613 2,801 30,046 1,763,146 532,864 461,784 270,280 5,100 5,919 27,551 1,610,212 484,757 435,419 246,536 4,155 6,463 25,428 1,457,375 440,361 397,902 222,118 3,082 8,498 19,388 1,315,452 397,357 373,284 204,063 2,500 7,743 17,156 53,923 49,843 45,786 42,321 39,994 37,066 5.50 5.47 5.45 11,661 Sh a r e s . Number borrowed upon e a r e n d in g V ll 5.59 5.58 5.54 17,558 16,755 14,648 13,364 12,527 5.72 5.73 5.71 5.65 5.58 5.57 52,031 32,698 236,760 45,994 32,816 217,427 46,415 30,907 204,249 44,097 28,047 188,741 40,542 25,801 172,691 39,222 23,212 158,365 8.84 8.72 8.63 8.53 8.44 8.31 $62 55 $61 44 $61 48 $61 21 31 .' . . . . . Average profits to credit of each member Oct. 31 $67 18 Number of borrowers Oct. 31 Number of non-borrowers Oct. 31 . . . 64,533 60,333 54,312 49,853 46,504 42,886 172,227 157,094 149,937 138,888 126,187 115,479 5.20 5. 24 $417,408 11 $377,086 67 5.10 $343,171 53 5.13 $306,291 84 5717 $282,885 01 .41 .42 .41 M iscellaneous . Total expenses during year . Percentage of total expenses to total assets . 5.26 $464,584 17 .41 $65 62 .41 $5,179,244 20 $4,637,176 50 $4,143,368 23 $3,765,861 64 $3,398,668 14 $3,077,297 44 during year Percentage of surplus and guaranty fund to dues and 2.63 2.67 2.74 2.78 2.87 2.95 profits capital Oct. 31 Percentage of increase in 9.88 10.23 9.70 11.10 11.85 11.58 assets . . . . Profit and Loss. From the figures given in the following table it will be noted that the sum of $241,815.41 was carried to the guaranty fund and $159,236.19 to the surplus account, increasing said accounts to $1,646,485.95 and $1,489,654.36, respectively. It is interesting to note that although many of the banks have either eliminated or reduced the per cent, which they retain for withdrawal profits, still the amount retained has steadily increased from $75,798.69 in 1910 to $117,911.17 in 1916. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i REPO RT OF THE V ili [Pub. Doc. Comparative Profit and Loss Statements for the Last Three Years. 1916 1915 1914 G r o ss I n c o m e . I n t e r e s t ......................................................................... P r e m i u m s ......................................................................... Fines .................................................................................. Withdrawal p r o f i t s ....................................................... Forfeiture p ro fits ................................................................ Transfer f e e s ................................................................ M i s c e l l a n e o u s ................................................................ $5,822,310 24,164 174,100 117,418 1,454 901 50,396 54 94 92 50 36 17 22 $6,190,746 65 $5,151,049 22,333 160,399 110,575 1,293 801 62,414 67 41 42 75 86 10 12 $4,555,249 19,717 139,356 96,934 1,255 754 100,440 68 72 80 95 78 50 39 $5,508,867 33 . $4,913,709 82 D e d u c t io n s . Current expenses................................................................ Permanent expense . . . . . . . Interest on retired and matured shares Dividends on matured share certificates M i s c e l l a n e o u s ................................................................ $443,276 20,057 12,328 95,484 39,303 76 62 19 34 94 $393,229 13,684 10,127 29,755 52,146 76 14 05 53 93 $365,806 00 10,421 39 12,698 97 53,742 04 Net i n c o m e ................................................................ Profits credited to s h a r e s ..................................... $5,580,295 80 5,179,244 20 $5,009,923 92 4,637,176 50 $4,471,041 42 4,143,368 23 B a la n c e ......................................................................... Of w hich: — Transferred to guaranty fund . . . . Transferred to s u r p lu s .............................................. $401,051 60 $372,747 42 $327,673 19 241,815 41 159,236 19 216,382 22 156,365 20 177,439 58 150,233 61 Rates o f Interest on Real Estate and Share Loans Oct. 31,1916. R a te P e r C e n t . 5.00 5.125 5.20 5.25 5.30 5.375 5.40 5.50 5.625 5.70 5.75 5.875 6 .0 0 Real Estate Loans. $22,622,388 199,500 7,400 3,974,725 2,943,139 141,025 1,900 33,726,483 113,100 4,100 841,190 56,500 29,644,390 6.025 6 .1 0 6 .1 2 6.125 6.25 6.30 6.375 6.48 6.50 6.60 97 00 00 00 68 00 00 37 00 00 00 00 82 10,200 00 54,150 472,350 42,500 204,850 7,426,953 15 650 00 00 00 00 76 00 904,932 77 13,750 00 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Share Loans. R a te P e r C e n t . $412,329 00 2,075 00 - 103,215 00 49,280 00 1,750 00 - 1,027,106 00 750 00 - 31,490 00 1,290 00 1,376,772 00 - 1,297 00 - 1,700 13,050 222,538 750 16,270 00 00 00 00 00 6.625 6.75 6.875 6.90 7.00 7.125 7.20 7.25 7.375 7.50 7.625 7.75 . . . Share Loans. $16,100 46,050 13,250 700 67,000 3,300 $600 6,535 150 3,300 17,703 150 00 00 00 00 00 00 200 00 . . 8 .0 0 8.25 8.50 9.00 9.25 9.75 16.00 23 085 00 2,700 00 Real Estate Loans. Average rate . 13,800 00 1,000 00 24,400 500 14,700 24,450 5,700 2,150 2,300 750 300 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 2,200 00 1,540 300 2,035 300 870 900 335 00 00 00 00 00 00 00 50 00 200 00 10 00 $103,657,829 37 $3,324,625 00 5.59 5.72 No. 8.] BAN K COMMISSIONER. IX Comparative Exhibit o f Interest Rates from 1906 to 1916 on Outstanding Loans on October 81 o f Each Year. Am ount of P ercentage of T otal L oans. Logins Oct. 31,1916. A t 5 per cent. Between 5 and 6 per cent. . A t 6 per cent. Between 6 and 6%o per c e n t.. A t 6 %o per cent. (5 cents premium) . . . . Between 6!Ki o and 7 per c e n t.. A t 7 per cent. Between 7 and 8 per cent. . A t 8 per cent. . A t more than 8 per cent. 1916 1915 1914 1913 1912 1911 1910 1909 1908 1907 1906 $23,034,717 97 21.53 24.36 29.54 34.79 39.28 42.05 45.15 48.04 49.47 55.10 43,226,019 05 40.40 37.96 35.62 32.35 30.14 27.60 25.20 23.56 21.70 20.21 31,021,162 82 29.00 27.85 25.31 23.13 20.64 20.06 19.12 17.93 17.92 13.93 800,097 00 .75 1.01 .85 .95 1.56 1.62 1.58 1.53 1.48 1.35 56.67 19.32 12.43 1.27 7,649,491 76 7.15 7.24 7.31 7.47 7.36 7.50 7.51 7.58 7.85 7.98 8.92 1,063,822 77 1.00 1.24 .97 .94 .81 .92 1.17 1.13 1.31 1.27 1.28 84,703 00 .08 .11 .13 .06 .06 .07 .07 .07 .04 .03 .10 65,295 00 .06 45 .17 .14 .11 .14 .15 .11 .15 .09 .07 ,b5 .04 .03 .02 .02 25,350 00 .02 .03 .03 .02 .01 .02 11,795 00 .01 .08 .07 .02 .03 .02 .02 .03 .02 .01 $106,982,454 37 In the foregoing table it will be noted that whereas 56 per cent, of the loans in 1906 were at 5 per cent., there has been a steady in crease ever since in the rate until at the present time only about 21 § per cent, are at 5 per cent., almost 70 per cent, being between 5 and up to and including 6 per cent. The following table shows the rates of dividends distributed by the banks for the past twelve years, and shows the average rate for the past year to be a little better than 5 \ per cent., being the largest since 1904. The banks reported as paying less than 4 per cent, are new banks. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF TH E X [Pub. Doc, Comparative Exhibit o f Dividend Rates from 1905 to 1916. 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 DIVIUrEK (JEJNT.;. 0 • a 1 . i y2 . . m 2 y8 2Y a 2V s . . 2% . 3 3y2 . 3% . 4 4% . 41/4 . 4% . 4y2 . 4%o . 4% • 41%6 4% . 48>/8o 4% . 413Ae 4>7/20 4% . 4%o . 4!5/l8 i 3Ys2 5 5Yl6 . 5y8 . 5X . 5 Yé . 55/Ì6 . 5% . s% 8 • 5y2 . 5% . 565/Ì00 5% . 5Yr> . 5% . 5.95 . 6 6Y20 . 6Yw . 6.113 6% . 6%o . 6Ys . 6%o . 6Yé . 6.31 6% . 6Y2 . 7 7%e . 7% . Totals Average rate 1915 1914 1913 3 3 1 5 _ ~ _ “ _ 1916 I 1 1 “ 1 1 — 3 - 1912 1909 1911 1910 2 6 3 1 2 1 2 1 1 2 1 - - _ _ _ _ : 1 _ _ : : 1 1 3 : - 1 _ * “ 1 1 - „ 1 2 _ — 1 15 8 1 - 1 1 1 4 - 1 1 2 _ 3 - 1 1 1 1 2 _ 3 1 3 2 1 63 3 3 3 1 1 1 67 2 4 4 1 1 64 1 3 9 1 1 62 2 4 4 1 73 1 12 2 1 36 1 3 — 1 34 2 10 1 36 — 1 3 — 2 31 1 12 1 _ 35 - 7 2 30 3 7 1 27 - _ 2 _ 19 _ 1 — 17 _ 14 - 4 — 1 28 - 3 1 1 26 - 3 — 1 23 - 2 — 1 1 23 _ 1 — 1 _ 20 1 1 — 21 _ _ 4 1 - 1 1 1 1 1 1 1 - 1 1 1 1 1 1 3 - 2 - 1 1 2 _ - — - 183 179 174 169 162 5.26 5.24 5.20 5.10 5.13 1 1 1 1 7 3 2 1 1 2 1 1 1 1 - 1 - 1 2 _ 2 1 8 1 - 10 _ 9 1 2 1 66 1 66 - 5 7 9 - 1 - 1 1908 12 1 1 1 62 2 11 — 64 - 5 _ 4 6 1 _ 11 _ 1907 1906 1 21 7 2 58 _ 1 6 - 1905 - 1 _ 6 _ 1 1 23 _ 1 1 6 — 3 1 _ 51 _ 1 7 _ 2 - 22 _ 1 8 _ 1 1 48 - 7 4 _ _ _ 12 9 _ 8 _ _ _ 22 - 3 — _ _ 17 1 1 2 — _ _ 1 1 _ _ 1 1 _ _ 1 1 _ - _ 1 _1 - _ - - _ _ - - - 160 147 140 137 135 133 130 5.17 5.09 5.08 5.07 5.02 5.01 5.05 _ _ _ _ — _ _ 17 _ 1 1 _ _ 1 _ 16 _ 2 _ _ _ _ The extra dividends declared during the year were as follows: — Homestead Co-operative Bank, B o s t o n ...................................... 1 per cent. People’s Co-operative Bank, Fall R i v e r ......................................I of 1 per cent. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xi BAN K COMMISSIONER. No. 8.] Real Estate by Foreclosure. Principal. Balance as shown in statement of Oct. 30, 1915, 128 estates . . $270,693 14 Acquired during the year ending Oct. 31, 1916, 226 estates . 523,734 52 . 3,792 59 . Excess of proceeds over book values of estates sold during year $798,220 25 Received for 210 estates sold during year . Losses on estates sold during year . . . . . . $479,733 12 7,356 56 Amounts charged off to cover depreciation or pro spective l o s s .................................................................. 2,053 05 ----------------- — 489,142 73 $309,077 52 Income. Rents, etc., received during y e a r ...................................... $18,114 53 Expenses and taxes paid during year . N et . . . 27,548 04 deficit for they e a r ...................................................... $9,433 51 This net deficit was disposed of as follows: — Income credited to profit and loss . $72 18 Deficit charged to profit and loss . ■ ------------------- Income applied to reducing book value $3,791 88 Deficit applied to increasing book value 13,297 57 ------------------- $72 18 9,505 69 9,505 69 N et deficit as a b o v e ............................................... $9,433 51 Balance as shown in statement of Oct. 3 1 ,1 9 1 6 (144 estates assessed at $ 3 5 2 , 8 0 1 ) ...............................................................................................$318,583 21 The aggregate amount of foreclosed real estate held by the banks at the date of this report was $318,583.21, and although showing an increase of $47,890.07 over a year ago, is not deemed excessive in view of the large increase in the assets of the banks during the past few years. These properties number 144 estates, and are held by 59 banks with an assessed value of $352,801. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. REPO RT OF TH E X ll The following statement shows the amount of foreclosed real estate and common-form mortgages held by the banks each year since 1890: — C o m m o n - form M ort gages. R e a l E state b y F oreclosure. Y E A R E N D IN G O C T O B E R 31. 1890 .............................................. 1 8 9 1 .............................................. 1892 .............................................. 1893 .............................................. 1894 .............................................. 1895 .............................................. 1896 .............................................. 1897 .............................................. 1898 .............................................. 1899 .............................................. 1900 .............................................. 1 9 0 1 .............................................. 1902 .............................................. 1903 .............................................. 1904 .............................................. 1905 .............................................. 1906 .............................................. 1907 .............................................. 1908 .............................................. 1909 .............................................. 1 9 1 0 .............................................. 1 9 1 1 .............................................. 1 9 1 2 .............................................. 1 9 1 3 .............................................. 1 9 1 4 .............................................. 1 9 1 5 .............................................. 1 9 1 6 .............................................. Number of Banks. 14 16 18 28 33 41 46 58 72 83 84 89 85 86 90 82 78 88 64 57 52 35 45 40 47 62 59 Amount. 849,833 67,556 98,480 105,197 139,136 184,550 282,609 531,041 782,370 890,604 993,150 1,041,708 946,147 839,223 730,486 580,426 529,701 365,051 334,862 244,553 215,309 161,274 139,819 162,525 187,546 270,693 318,583 19 86 99 75 92 28 61 25 42 57 06 29 90 14 12 74 26 38 85 82 70 71 19 58 07 14 21 Number of Banks. 3 5 3 4 6 9 10 19 20 23 30 31 32 41 41 45 49 52 52 51 45 47 48 50 43 43 41 Amount. 87,800 10,147 9,960 22,990 43,649 31,724 25,827 77,750 106,972 124,970 181,383 313,125 324,392 367,239 398,298 407,569 383,335 370,950 330,958 305,997 274,015 245,284 215,319 196,747 176,433 193,513 170,006 00 88 00 00 59 55 78 36 99 27 54 26 66 15 50 18 61 40 07 23 26 21 69 75 09 33 56 T otal. Amount. 857,633 77,704 108,440 128,187 182,786 216,274 308,437 608,791 889,343 1,015,574 1,174,533 1,354,833 1,270,540 1,206,462 1,128,784 987,995 913,036 736,001 665,820 550,551 489,324 406,558 355,138 359,273 363,979 464,206 488,589 19 74 99 75 51 83 39 61 41 84 60 55 56 29 62 92 87 78 92 05 96 92 88 33 16 47 77 M aturity o f Shares. The statements following show the records of the banks in regard to the maturity of shares since 1897, and the statement of shares matured during the year covered by this report by each individual bank. During the past year 127 banks have matured 266 series, which had reached the value of $6,240,459.01, making a grand total of $53,035,382.25 matured up to the present time. The number ma tured was 31,075, held by 5,806 members, of whom 1,276 were borrowers. Out of the total of 31,075 shares matured during the year, 5,155 were pledged for real estate loans, and cancelled $1,008,257.73 of said loans. This makes 265,468 shares which have matured to date, held by 55,766 members, of whom 13,090 have been borrowers, and in the maturing of shares, real estate loans to the amount of $9,234,561.45 have been cancelled, the average dura tion of a series being a trifle more than twelve years. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. xm Matured Shares. The yearly transactions in matured shares from 1898 to 1916 are summarized as follows: — Y eab. 1898 1899 1900 1901 1902 1903 1904 1905 1906 1907 1908 1909 1910 1911 , 1912 1913 1914 1915 1916 Number of Banks. 38 49 64 73 86 87 94 95 98 95 110 114 115 112 114 119 127 127 127 Number of Series. 62 86 104 128 135 149 167 178 180 170 204 220 218 228 218 253 251 265 266 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Value of Shares matured. N umber of Shares. Number of Holders. Number of Borrow ers. Am ount of Loans can celled. 8602,349 12 923,071 12 1,022,403 58 1,153,123 44 1,197,405 10 1,353,951 34 1,586,587 40 1,556,979 47 1,594,008 36 1,716,425 03 2,284,508 06 2,970,928 80 2,564,155 15 3,458,541 43 3,903,000 95 5,105,479 94 5,535,693 01 6,026,107 13 6,240,459 01 2,979 4,569 5,079 5,730 5,938 6,708 7,873 7,737 7,916 8,554 11,346 14,766 14,641 17,156 19,388 25,363 27,551 30,046 31,075 701 1,135 1,252 1,483 1,389 1,615 1,785 1,683 1,802 1,980 2,465 3,103 3,122 3,488 4,036 5,122 5,474 5,589 5,806 198 309 322 377 375 430 489 456 489 525 595 773 741 804 858 1,060 1,059 1,155 1,276 $164,620 00 275,285 00 300,738 00 331,078 00 362,655 00 395,509 00 465,901 00 478,484 00 450,350 00 477,953 00 542,556 00 726,757 00 716,692 15 776,991 90 789,219 13 987,580 80 1,089,235 00 1,196,903 97 1,294,412 73 Average Duration of Series. 139%o months. 1398A o 140% o 141K 142^ 143K 143%o 144%0 1451/10 145%0 146%3 146%0 146^ 146%o 1463/10 145Vio 145%o 144%o 1447/ i 0 xiv T otal Value of Shares matured. A m ou n t of R eal Estate Loans can celled by Maturity of Shares. Number of Borrow ers. Num ber of Holders. May 1903 Dec. 1915 $151 $200 66 10 11 48 69 3 3 $2,000 00 29 Nov. 1903 May 1916 151 200 96 10 - 76 86 1 1 1,825 00 Adams 16 N ov. 1903 Jan. 1916 146 200 65 - 15 8 23 5 2 - 2 1,400 00 4,614 95 •• 17 May 1904 July 1916 146 200 53 - 2 39 41 4 1 - 1 400 00 8,221 73 36 N ov. 1903 N ov. 1915 144 202 67 2 - - 2 1 1 400 00 - - 405 34 37 May 1904 May 1916 144 203 36 9 - - 9 3 3 1,775 00 - - 1,830 24 Acushnet Co-operative Bank “ Amesbury “ “ Arlington “ Athol •• Atlantic “ it <( it <D +-> d a o fc S d 3 2 - $300 00 - $13,845 54 17,282 56 (i ti 38 Nov. 1904 Sept. 1916 142 200 05 3 20 108 131 5 5 600 00 4 1,450 00 26,206 55 it it 29 N ov. 1903 Dec. 1915 146 202 11 13 30 70 113 19 4 2,600 00 3 1,800 00 22,838 43 ti it 30 May 1904 June 1916 145 201 44 25 5 97 127 27 6 4,900 00 1 200 00 25,582 88 it it 30 N ov. 1903 Dec. 1915 145 200 46 1 6 5 12 4 2 200 00 1 150 00 2,405 52 it ti 31 May 1904 May 1916 144 200 60 10 - 20 30 4 1 2,000 00 it it 52 Jan. 1904 Jan. 1916 144 200 14 - - 13 13 3 - - - - 6,018 00 - - 2,601 82 ti it 53 April 1904 April 1916 144 200 28 - - 2 2 1 - - - - 400 56 ti it 54 July 1904 July 1916 144 200 42 - - 13 13 2 - - - - 2,605 46 it ii - 55 Oct. 1904 Oct. 1916 144 200 56 8 Attleborough 24 Jan. 1904 N ov. 1915 143 200 50 15 “ 25 July 1904 May 1916 143 200 60 - “ *c3 O H OP S h a r e s . Sh https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1,604 48 - 8 1 1 1,600 00 - - 7 47 69 10 3 3,000 00 2 920 00 13,834 50 24 23 47 10 5 4,095 00 9,428 20 - 4 [Pub. Doc » (t Date of Maturity. Unpledged. 28 NAME OF B A N K . REPO RT OF THE Date of Issue. Pledged for Share Loans. Sh a r e L o a n s CANCELLED Pledged for R . E . Loans. Maturing Value per Share. N u m b e r of S h a r e s MATURED. N um ber of Series. Am ount paid in per Share. Statement o f Shares matured since Last Report. •• 31 July 1904 Jan. 1916 138 201 83 16 17 19 52 9 5 3,100 00 3 32 Jan. 1905 July 1916 138 201 70 16 - 20 36 5 2 3,100 00 - - 7,261 20 2 350 00 24,758 68 1 500 00 - - 2,050 00 10,495 16 Beverly *• 31 Sept. 1903 Jan. 1916 148 202 94 3 8 111 122 39 3 500 00 •• “ 32 Mar. 1904 June 1916 147 201 39 9 5 89 103 18 2 1,800 00 B. F. Butler “ 5 Nov. 1904 Feb. 1916 147 202 89 - 12 12 2 - Boston “ 32 N ov. 1903 N ov. 1915 144 200 22 51 33 138 222 37 9 10,200 00 6 2,800 00 8 41 160 209 21 6 1,500 00 5 3,890 00 42,107 23 6 117 123 26 2 2 160 00 24,673 80 “ 33 May 1904 May 1916 144 201 47 “ 34 N ov. 1904 Oct. 1916 143 200 60 - 20,743 17 . 2,434 68 44,448 84 Braintree “ 31 June 1904 Jan. 1916 140 200 96 15 - 47 62 7 2 2,900 00 - *• “ 32 Dec. 1904 July 1916 140 200 97 15 10 63 88 11 2 3,000 00 1 3 - 2 5 3 1 600 00 - - 1,001 05 - 6 6 2 - - - - 1,201 44 Bridgewater 4 Dec. 1903 Feb. 1916 146 200 21 .. 5 June 1904 Aug. 1916 146 200 24 1,000 00 12,459 52 17,685 36 Brookline 18 N ov. 1903 N ov. 1915 145 200 86 7 2 63 72 18 4 1,400 00 2 200 00 14,461 92 “ 19 May 1904 May 1916 145 200 09 43 23 80 146 26 9 8,525 00 7 3,900 00 29,213 14 10 27 4 3 1,400 00 2 800 00 5,606 55 3 3 2,000 00 1 250 00 3,008 25 3 3 1,800 00 1 300 00 2,801 96 6,436 16 Cambridge 44 67 May 1903 Nov. 1915 150 207 65 7 10 “ 44 68 N ov. 1903 Feb. 1916 148 200 55 10 5 - 15 •• “ 69 May 1904 July 1916 147 200 14 9 5 - 14 Campello 46 April 1904 N ov. 1915 140 201 13 32 - - 32 6 6 6,400 00 - - “ 47 Oct. 1904 May 1916 140 201 21 45 - - 45 7 7 8,700 00 - - 28 Aug. 1904 Jan. 1916 138 200 59 35 29 132 196 39 13 7,600 00 6 - 3,400 00 39,315 64 54 13 152 219 44 12 8,600 00 5 1,260 00 43,889 79 2 51 53 9 1 1 225 00 10,697 52 “ Canton 9,054 45 “ “ 29 Feb. 1905 July 1916 138 200 41 Citizens “ 33 Oct. 1903 N ov. 1915 145 201 84 “ “ 34 April 1904 April 1916 144 200 84 32 5 8 45 6 4 6,250 00 1 500 00 9,037 80 44 35 Oct. 1904 Oct. 1916 144 201 69 3 11 63 77 16 5 600 00 9 880 00 15,530 13 41 44 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - BANK COMMISSIONER. “ •• - No. 8.] 4< Baldwinville 28 - 65 93 14 2 $5,600 00 - 146 200 09 7 - 47 54 11 1 1,400 00 - 33 Oct. 1903 Jan. 147 200 14 16 2 71 89 17 3 3,050 00 1 . • 34 Clinton 1916 Amount. ’"Ö3 "o H Number. Feb. 1916 $146 $200 07 Aug. 1916 Date of Maturity. T otal Value of Shares matured. A m ou n t of R eal Estate Loans can celled b y Maturity of Shares. Number of Borrow ers. Number of Holders. Pledged for Share Loans. Jan. 1904 Date of Issue. Unpledged. Pledged for R . E. Loans. Maturing Value per Share. CANCELLED b y M a t u r it y of S h a r e s . July 1904 “ - $18,606 51 - 10,804 86 W 17,812 46 O HH $200 00 April 1904 July 1916 147 200 37 11 - 35 46 10 2 2,150 00 - - 9,217 02 24 N ov. 1903 Feb. 1916 148 203 56 79 5 82 166 25 6 15,700 00 1 100 00 33,790 96 25 May 1904 Aug. 1916 148 203 59 - - 50 50 15 - - - - 10,179 50 “ 24 Feb. 1904 April 1916 147 200 95 - 2 24 26 5 1 - 1 400 00 5,224 70 V-3 25 Aug. 1904 Sept. 1916 146* 200 07 16 - 6 22 7 3 3,160 00 - - 4,401 54 ^ “ “ 32 July 1904 Mar. 1916 141 200 12 8 32 2 42 4 3 1,500 00 2 “ “ 33 Jan. 1905 Sept. 1916 141 201 00 13 - 3 16 3 1 2,500 00 - 140 201 94 22 17 101 140 30 10 4,100 00 4 3,100 00 “ “ Columbian “ “ “ “ “ Danvers “ Dean “ . . . Dedham May 1904 Dec. 1915 “ “ 39 N ov. 1904 June 1916 140 201 95 16 - 56 72 10 3 Dorchester “ “ 27 Sept. 1903 N ov. 1916 147 200 57 - - 34 34 8 - “ “ “ 28 Mar. 1904 May 1916 147 200 70 17 - 68 85 • 20 2 Easthampton “ “ 8 N ov. 1903 N ov. 1915 144 203 19 - - 10 10 4 - 9 May 1904 May 1916 144 203 16 - 5 4 9 3 10 N ov. 1904 Sept. 1916 143 200 30 - 3 1 4 2 “ Sh a r e L o a n s 31 C ity Co-operative Bank “ N umber of S hares MATURED. 32 NAM E OF B A N K . “ Am ount paid in per Share. Number of Series. Statement of Shares matured since Last Report — Continued. 38 “ “ “ “ “ “ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . 5,600 00 2,787 00 - £3 q ^ 8,405 04 3,216 00 28,271 60 14,540 40 - - 6,819 38 - - 17,059 50 rrz - - - 2,031 90 i - 1 100 00 1,828 44 i - 2 400 00 801 20 SL cr * o O o 3,400 00 Enterprise Equitable E quity Feb. 1904 Feb. 1916 144 205 97 31 Aug. 1904 Aug. 1916 144 206 43 33 April 1904 Mar. 1916 143 200 49 34 Oct. 1904 Sept. 1916 143 201 22 52 Oct. 1903 Dec. 1915 147 201 39 53 April 1904 June 1916 147 201 40 35 Mar. 1904 Dec. 1915 142 200 23 36 Sept. 1904 July 1916 142 200 83 27 Oct. 1903 N ov. 1915 146 200 93 28 April 1904 May 1916 145 200 46 29 Oct. 1904 Oct. 1916 145 200 03 Fall R iver 32 Mar. 1904 Apr. 1916 145 200 65 Federal 29 N ov. 1903 Jan. 1916 147 200 73 30 May 1904 July 1916 147 200 95 Fidelity Fitchburg Foxborough Framingham Gardner Sept. 1903 N ov. 1915 146 200 43 33 Mar. 1904 May 1916 146 200 48 53 N ov. 1903 Dec. 1915 146 200 54 May 1904 June 1916 146 200 84 32 Sept. 1904 April 1916 139 200 00 33 Mar. 1905 Oct. 1916 139 200 00 81 30 N ov. 1903 Jan. 1916 146 200 36 31 May 1904 July 1916 146 200 37 31 Mar. 1904 Oct. 1915 140 200 44 32 Sept. 1904 April 1916 140 200 59 xvii https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 32 BANK COMMISSIONER. ‘ Everett 30 No. 8.] Econom y I Gloucester “ “ Total Value of Shares matured. A m ou n t of R eal Estate Loans can celled by Maturity of Shares. Number of Borrow ers. Number of Holders. Maturing Value per Share. Sh are L oans CANCELLED 37 Oct. 1903 April 1916 $150 $200 99 2 2 87 91 16 4 $3,700 00 2 $1,250 00 $18,290 09 £3 38 April 1904 Oct. 1916 150 201 11 2 2 63 67 11 4 2,600 00 2 200 00 13,474 37 35 April 1904 N ov. 1915 140 200 84 58 30 172 260 76 22 11,500 00 13 3,200 00 52,218 40 W hçj Q 6,200 00 ^ Date of Issue. Date of Maturity. Unpledged. Pledged for Share Loans. “ N u m ber of Sh ares M ATU R E D . Pledged for R . E . Loans. Germania Co-operative Bank Am ount paid in per Share. NAM E OF B A N K . Number of Series. Statement of Shares matured since Last Report — Continued, *"3 O H OF S h a r e s . -4-> fl3 o rO O a < z 36 Oct. May 1916 140 200 85 33 17 68 118 42 13 8 1,450 00 23,700 30 Grafton 34 May 1904 Jan. 1916 141 203 88 - 2 105 107 20 2 - 2 158 00 21,815 16 __ “ 35 Nov. 1904 June 1916 140 201 90 - 5 73 78 13 1 - 1 500 00 15,748 20 hcj - - 7,005 60 |_g - - 7,021 35 W “ 1904 Groveland 17 N ov. 1903 N ov. 1915 144 200 16 5 - 30 35 8 1 “ 18 May 1904 May 1916 144 200 61 - - 35 35 10 - 1,000 00 - 36 Dec. 1903 Feb. 1916 147 200 48 18 18 84 120 25 4 3,500 00 3 2,500 00 “ 37 June 1904 Aug. 1916 147 200 69 53 20 66 139 18 6 10,500 00 6 2,600 00 Haverhill 50 N ov. 1903 Dec. 1915 145 200 65 23 - 101 124 33 4 4,300 00 - 7,100 00 Guardian .. “ “ ,, Henry Wilson “ “ “ 51 May 1904 May 1916 145 200 39 36 17 54 107 28 12 35 N ov. 1903 Feb. 1916 148 201 36 - - 20 20 5 - 36 May 1904 July 1916 147 200 55 11 20 21 52 8 4 4 - 2,200 00 3 1,410 00 - 1,850 00 24,057 60 27,895 91 24,880 60 21,441 73 4,027 20 10,428 60- Highland 11 Feb. 1904 Mar. 1916 146 200 31 - 5 46 51 7 1 1 50 00 10,215 81 “ 12 Aug. 1904 Sept. 1916 146 200 50 23 12 26 61 7 4 4,500 00 1 200 00 12,230 50 ’ 30 N ov. 1903 Dec. 1915 145 200 54 32 20 47 99 26 12 6,300 00 4 1,900 00 19,853 46 o o Hingham “ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis “ - C 31 May 1904 May 1916 145 200 02 Holbrook 33 June 1904 Feb. 1916 140 200 97 Holyoke 47 N ov. 1903 Feb. 1916 148 200 71 48 May 1904 Aug. 1916 148 201 02 45 June 1904 Mar. 1916 142 200 02 Home Homestead Hudson H yde Park Lafayette Lawrence Leominster Lowell Lynn Oct. 1916 142 200 66 Mar. 1904 Jan. 1916 142 200 05 55 143 200 76 Sept. 1904 July 1916 29 N ov. 1903 N ov. 1915 145 200 43 30 May 1904 May 1916 145 200 31 37 N ov. 1903 N ov. 1915 145 200 60 38 May 1904 May 1916 145 200 94 35 Sept. 1903 N ov. 1915 147 202 40 36 Mar. 1904 Aprii 1916 146 200 77 37 Sept. 1904 Oct. 1916 146 201 05 20 N ov. 1903 Dee. 1915 146 201 20 21 May 1904 June 1916 145 200 39 32 N ov. 1903 Dee. 1915 146 200 22 33 May 1904 June 1916 146 200 30 32 N ov. 1903 N ov. 1915 144 200 14 33 May 1904 May 1916 144 200 04 38 N ov. 1903 Mar. 1916 149 201 54 39 May 1904 Aug. 1916 148 200 27 25 Nov. 1903 Jan. 1916 146 200 34 xix https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Dec. 1904 54 BANK COMMISSIONER. Housatonic 46 No. 8.] Hingham Sh ar e L oans CANCELLED Total Value of Shares matured. A m ou n t of R eal Estate Loans can celled b y Maturity of Shares. Number of Borrow ers. Shares MATURED. u m b e r of Number of Holders. Maturing Value per Share. N - 10 131 141 22 3 1 $200 00 Feb. 1916 147 200 47 65 14 231 310 60 11 $12,600 00 4 2,525 00 62,145 70 •• 35 May 1904 Aug. 1916 147 200 76 50 46 185 281 47 16 10,000 00 10 4,575 00 56,413 56 Mansfield 43 May 1904 Jan. 1916 141 200 15 14 25 116 155 26 4 2,700 00 1 400 00 31,023 25 “ 44 N ov. 1904 July 1916 141 200 43 18 35 47 100 17 7 3,600 00 3 2,250 00 20,043 00 Marblehead 36 N ov. 1903 Jan. 1916 147 201 61 4 - - 4 1 1 800 00 - Marlborough 28 N ov. 1903 Mar. 1916 148 200 72 11 7 53 71 16 5 1,800 00 2 1,170 00 “ Mechanics “ Medford Bank Total. July 1916 $146 $200 35 N ov. 1903 Co-operative Unpledged. May 1904 34 Lynn Pledged for Share Loans. 26 Malden Date of Maturity. Pledged for R . E. Loans. Date of Issue. NAM E OF B A N K . - OI S h a r e s . <D Ö 3 0 1 £ - $28,249 35 806 44 14,251 12 29 May 1904 Sept. 1916 148 201 48 13 2 60 75 19 6 1,600 00 2 300 00 15,111 00 45 Jan. 1904 Mar. 1916 147 201 66 5 - 60 65 21 2 1,000 00 - - 13,107 90 46 July 1904 Sept. 1916 147 201 66 36 35 66 137 29 5 7,200 00 2 250 00 27,627 42 36 N ov. 1903 Dec. 1915 146 200 80 66 49 99 214 34 15 13,100 00 11 4,200 00 42,971 20 33,750 00 24 12,760 00 89,708 43 37 May 1904 June 1916 146 200 69 169 97 181 447 53 20 38 Oct. 1903 N ov. 1915 146 200 68 - - 9 9 3 - - - - 1,806 12 •• 39 April 1904 May 1916 146 200 77 - 6 5 11 2 1 - 1 650 00 2,208 47 Merchants 45 Dec. 1903 Jan. 1916 146 201 04 61 28 510 599 102 16 12,100 00 7 3,420 00 •120,422 96 “ 46 June 1904 July 1916 146 201 53 117 22 600 739 122 19 23,300 00 8 4,300 00 148,930 67 Merrimack 25 May 1904 Feb. 1916 142. 201 23 - 1 14 15 3 1 100 00 3,018 45 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - - [Pub. Doc. “ Melrose REPO RT OF TH E Number of Series. Am ount paid in per Share. ! | Statement of Shares matured since Last Report — Continued. ** 26 N ov. 1904 Aug. 1916 142 201 32 - - 45 45 4 - Middleborough “ 30 N ov. 1903 Jan. 1916 146 200 46 15 2 61 78 23 3 “ “ 31 May 1904 July 1916 146 200 48 26 - 100 126 26 5 5,100 00 - “ 23 N ov. 1903 Feb. 1916 148 200 10 11 34 68 113 21 6 2,200 00 5 24 May 1904 Aug. 1916 148 200 55 43 5 29 77 15 8 8,300 00 2 450 00 15,442 35 34 Oct. 1903 Dec. 1915 146 200 30 10 42 122 174 39 12 2,000 00 9 3,860 00 34,852 20 Middlesex “ ** Milford “ - - - 2 200 00 3,000 00 1,820 00 ' 9,059 40 15,635 88 25,260 48 22,611 30 April 1904 June 1916 146 200 31 31 88 271 390 72 24 6,050 00 18 7,385 00 78,120 90 22 N ov. 1903 Jan. 1916 147 200 76 32 5 82 119 17 5 5,900 00 1 50 00 23,890 44 “ 23 May 1904 July 1916 147 200 94 37 27 194 258 21 1,400 00 51,842 52 6 7,300 00 2 Needham “ 25 May 1904 Dec. 1915 140 201 00 15 - 40 55 17 3 2,900 00 - - 11,055 00 ** “ 26 N ov. 1904 June 1916 140 201 00 8 - 51 59 8 1 1,600 00 - - 11,859 00 *■ •* 28 17 7 118 142 25 5 2,675 00 2 100 00 28,723 76 10 8 93 111 24 1 2,000 00 2 150 00 22,476 39 Sept. 1903 Jan. 1916 148 200 39 - - 80 80 15 - - - - 16,031 20 July 1916 148 200 73 - - 96 96 18 - - - - 19,270 08 33 April 1904 N ov. 1915 140 200 98 20 5 78 103 17 6 4,000 00 1 65 00 “ 34 Oct. 1904 May 1916 140 200 98 17 - 118 135 22 2 3,400 00 - 31 May 1904 April 1916 143 201 11 - 20 158 178 27 2 - 2 640 00 35,797 58 “ 32 N ov. 1904 Oct. 143 201 10 - 27 150 177 32 5 - 5 2,550 00 35,594 70 15 April 1904 May 1916 146 200 23 10 - 13 23 7 2 “ 31 April 1904 N ov. 1915 139 200 95 - - 48 48 10 - “ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1916 32 Oct. 1904 June 1916 139 200 94 10 - 29 39 9 1 “ 30 April 1904 N ov. 1915 140 201 00 - 9 103 112 24 2 “ 32 July 1904 Feb. 1916 140 200 25 9 - 13 22 7 2 •* Norwood Orange 202 202 49 Mar. 1904 North Dighton North Easton 144 144 31 Northampton “ N ov. 1915 May 1916 32 North Abington “ N ov. 1903 May 1904 “ Newton “ 46 47 2,000 00 2,000 00 - 1,800 00 20,700 94 27,132 30 - - 4,605 29 - - 9,645 60 - - 7,836 66 2 970 00 22,512 00 - 4,405 50 BANK COMMISSIONER. 35 Mt. Washington New Bedford No. 8.] Merrimack Orange Peabody Co-operative Bank “ “ 144 Sh ar es. 'S o Total Value of Shares matured. t OK Sh a r e L o a n s CANCELLED Number. A m ou n t of R eal Estate Loans can celled by Maturity of Shares. Dec. 1915 Number of Borrow ers. Sept. 1916 $140 $200 79 Dec. 1903 'S Eh Num ber of Holders. Jan. 1905 Unpledged. 33 32 Date of Maturity. Sh a r e s MATURED. u m b e r of Pledged for Share Loans. Date of Issue. N Pledged for R . E. Loans. Maturing Value per Share. Number of Series. NAM E OF B A N K . Am ount paid in per Share. Statement of Shares matured since Last Report — Continued. 17 - - 17 3 3 $3,250 00 - 201 85 24 28 336 388 54 8 4,800 00 4 $3,600 00 78,317 80 5,000 00 3 400 00 32,212 88 1 50 00 8,259 04 - $3,413 33 .. 33 June 1904 May 1916 143 200 08 25 13 123 161 28 6 People’s 45 N ov. 1903 Dec. 1915 146 201 44 - 5 36 41 7 1 Pioneer 51 Oct. 1903 Dec. 1915 147 200 02 13 17 73 103 15 4 2,600 00 2 2,000 00 20,602 06 “ 52 April 1904 June 1916 147 200 29 65 15 67 147 20 9 13,000 00 4 1,850 00 29,442 63 Pittsfield 30 May 1903 Oct. 1915 150 200 84 29 51 280 360 49 11 5,650 00 6 3,600 00 72,302 40 “ 31 N ov. 1903 April 1916 150 200 84 9 38 156 203 40 9 1,700 00 7 2,095 00 40,770 52 45 June 1904 Dec. 1915 139 200 83 38 13 100 151 46 17 7,300 00 7 1,820 00 30,325 33 Plymouth - “ “ 46 Dec. 1904 June 1916 139 200 67 46 22 227 295 80 17 8,700 00 14 2,660 00 59,197 65 Provident “ “ 37 Nov. 1903 Jan. 1916 146 200 63 46 10 162 218 39 7 9,188 43 1 150 00 43,737 34 “ “ “ “ 38 May 1904 July 1916 146 200 88 57 7 245 309* 57 8 10,950 00 2 900 00 62,071 92 Quincy “ “ 31 May 1904 April 1916 143 200 51 19 5 100 124 25 5 3,700 00 1 350 00 24,863 24 “ “ “ 1,100 00 23,280 04 Randolph “ Reading “ “ “ “ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . 32 Nov. 1904 Oct. 1916 143 200 69 26 18 72 116 26 7 5,200 00 3 31 Feb. 1904 Jan. 1916 144 204 64 3 - 15 18 5 1 600 00 - - 32 Aug. 1904 May 1916 142 201 06 8 - 38 46 12 1 1,500 00 - - 9,248 76 35 Nov. 1903 Oct. 1915 144 202 47 16 - 50 66 7 2 3,100 00 - - 13,363 02 W O fd H O W W 3,683 52 U o o 36 May 1904 April 1916 143 201 02 3 - 32 35 10 1 500 00 - - 7,035 70 » 37 N ov. 1904 Aug. 1916 142 200 22 18 - 43 61 12 3 3,500 00 - - 12,213 42 Reliance 30 Jan. 1904 Mar. 1916 147 200 49 36 14 149 199 39 9 7,200 00 3 375 00 39,897 51 31 .July 1904 Sept. 1916 147 200 63 17 22 103 142 26 3 3,400 00 2 2,125 00 28,489 46 Revere 5 N ov. 1903 Jan. 1916 146 200 61 3 3 5 11 3 2 600 00 1 100 00 2,206 71 “ 6 May 1904 June 1916 146 200 30 11 - - 11 1 1 2,200 00 - - 2,203 30 Roger Conant 19 N ov. 1903 Dec. 1915 145 200 82 3 1 69 73 11 2 534 30 1 25 00 “ 20 May 1904 June 1916 145 200 98 7 - 42 49 11 i 1,400 00 - - Roslindale 12 Oct. 1903 Jan. 1916 148 200 80 - 13 1 14 3 2 - 2 1,650 00 “ 13 April 1904 July 1916 148 200 37 10 16 16 42 7 4 - 3 800 00 8,415 54 29 N ov. 1903 Dec. 1915 146 200 50 - - 55 55 8 1 - 1 1,000 00 11,027 50 Salem 33 April 1904 Mar. 1916 144 200 45 3 13 169 185 51 4 600 00 4 1,225 00 37,083 25 “ 34 Oct. 1904 Sept. 1916 144 200 69 7 3 219 229 63 2 1,400 00 1 500 00 45,958 01 Sandwich 38 May 1904 N ov. 1915 139 200 81 11 - 6 17 6 2 2,200 00 - - 3,413 77 “ 39 N ov. 1904 May 1916 139 200 80 21 - 25 46 14 5 3,850 00 - - 9,236 80 Security 500 00 83,780 20 5,750 00 66,413 28 38 Dec. 1903 N ov. 1915 144 201 88 63 5 347 415 71 11 12,300 00 1 “ 39 June 1904 April 1916 143 200 02 44 - - 44 9 9 8,650 00 - “ 40 Dec. 1904 Oct. 1916 143 200 04 44 35 253 332 56 12 8,700 00 15 Somerville “ 14,659 86 9,848 02 2,811 20 8,800 88 48 Oct. 1903 Dec. 1915 147 201 08 45 32 226 303 45 9 8,750 00 4 2,550 00 60,927 24 49 April 1904 July 1916 147 201 16 54 31 164 249 43 10 10,700 00 6 2,470 00 50,088 84 South Shore 28 N ov. 1903 Jan. 1916 146 201 46 11 8 15 34 12 7 2,150 00 4 350 00 6,849 64 “ 29 May 1904 June 1916 145 200 00 29 10 45 84 13 6 5,750 00 7 600 00 16,800 00 32 Sept. 1904 April 1916 140 200 93 26 2 26 54 16 7 4,850 00 1 50 00 10,850 22 33 Mar. 1905 Oct. 1916 140 200 96 17 10 26 53 17 6 3,400 00 2 1,750 00 10,650 88 So. Weymouth *l https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER. Roxbury No. 8.] Reading < Sh a r e L oans CANCELLED OI fn a 'S 0 O & e < a 67 N ov. 1903 Feb. 1916 $147 $200 68 6 - 42 48 16 1 $ 1,200 00 - “ 68 May 1904 Aug. 1916 147 200 98 20 3 172 195 35 2 4,000 00 1 Stoneham 35 N ov. 1903 Mar. 1916 148 200 98 - - 88 88 20 - “ Springfield Co-operative Bank - Shares. - - $100 00 - Total Value of Shares matured. H A m ou n t of R eal Estate Loans can celled b y Maturity of Shares. ■+J O Number of Borrow ers. *03 Number of Holders. Unpledged. Pledged for Share Loans. N u m ber of Sh ares M A TU R E D . Pledged for R . E. Loans. Date of Maturity. Maturing Value per Share. Date of Issue. Am ount paid in per Share. NAM E OF B A N K . Number of Series. Statement of Shares matured since Last Report — Continued. $9,632 64 39,191 10 H 17,686 24 O 36 May 1904 Sept. 1916 148 201 34 - 1 54 55 12 1 1 150 00 11,073 70 Stoughton 34 Mar. 1904 Jan. 1916 143 201 17 6 5 41 52 12 2 1,200 00 1 350 00 10,460 84 “ 35 Sept. 1904 July 1916 143 201 48 27 - - 27 5 5 5,400 00 - - 5,439 96 Suffolk 38 Aug. 1903 N ov. 1915 147 200 75 - - 34 34 3 - - - 6,825 50 “ 39 N ov. 1903 Feb. 1916 147 200 94 15 - 5 20 2 1 - - 4,018 80 - O 2,795 00 40 Feb. 1904 May 1916 147 201 09 - - 5 5 1 - - - - 1,005 45 “ 41 May 1904 Aug. 1916 147 201 30 - - 15 15 2 - - - - 3,019 50 28 N ov. 1903 Jan. 1916 146 200 25 20 - 24 44 9 4 3,800 00 - “ 29 May 1904 July 1916 146 200 27 11 33 199 243 54 7 2,100 00 5 Troy 48 Oct. 1903 Oct. 1915 145 200 79 - 11 179 190 32 3 - “ 49 April 1904 April 1916 145 200 89 - 10 111 121 21 1 - “ 50 Oct. 1904 Oct. 1916 145 200 95 - 16 213 229 37 3 •- Volunteer 54 Oct. 1903 N ov. 1915 146 200 34 31 15 47 93 17 6 “ 55 Jan. 1904 Feb. 1916 146 200 72 - 41 126 167 33 5 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 6,200 00 - - 8,811 00 4,850 00 48,665 61 3 600 00 38,150 10 1 1,000 00 24,307 69 3 1,800 00 46,017 55 7 2,400 00 W H “ . T aunton H *0 e cr 18,631 62 33,520 24 Ö o p Wakefield Waltham Waverley Webster Weir Westfield West Newton West Roxbury West Somerville May 1916 146 200 67 July 1904 Aug. 1916 146 200 75 35 N ov. 1903 Jan. 1916 147 200 14 36 May 1904 July 1916 147 200 44 74 July 1903 Dec. 1915 149 200 75 Oct. 1903 Mar. 1916 149 201 10 76 Jan. 1904 May 1916 149 201 48 77 April 1904 Aug. 1916 149 201 74 33 June 1904 Mar. 1916 142 200 34 Dec. 1904 Sept. 1916 142 200 66 17 April 1904 Feb. 1916 143 200 42 18 Oct. 1904 Aug. 1916 143 200 43 31 Aug. 1904 Aug. 1916 144 208 02 32 Feb. 1905 Oct. 1916 141 202 56 40 Jan. 1904 Feb. 1916 146 200 41 41 July 1904 Aug. 1916 146 200 44 Dec. 1903 Dec. 1915 144 200 04 45 June 1904 June 1916 144 200 04 24 Dec. 1903 Jan. 1916 146 200 25 June 1904 July 1916 146 200 17 46 Nov. 1903 Jan. 1916 147 201 47 May 1904 June 1916 146 200 31 81 80 62 16 16 27 Oct. 1903 Dec. 1915 146 200 12 28 April 1904 June 1916 146 200 24 xxv https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis April 1904 57 BANK COMMISSIONER. Watertown 56 No. 8.] Volunteer xxvi ' W. Springfield Co-operative Bank “ “ “ . 14 N ov. 1903 Dec. 1915 $146 $200 18 15 May 1904 June 1916 146 - 54 65 14 2 $2,200 00 - 13 18 85 116 25 6 2,500 00 4 - $13,011 70 $2,400 00 23,224 36 [H Amount. 11 200 21 Total Value of Shares matured. Sh a k e L oans CANCELLED b y M a t u r it y op S h a r e s . Number. A m ou n t of R eal Estate Loans can celled b y Maturity of Shares. N um ber of Borrow ers. Unpledged. *13 o H N um ber of Holders. Sh a r e s MATURED. u m b e r of Pledged for Share Loans. Date of Maturity. N Pledged for R . E. Loans. Date of Issue. Maturing Value per Share. NAME OF B A N K . Amount paid in per Share. Number of Series. Statement of Shares matured since Last Report — Concluded 5 Whitman “ “ . 31 Mar. 1904 N ov. 1915 140 201 91 16 26 119 161 36 7 3,000 00 3 750 00 32,507 51 ^ .. .. “ _ 32 Sept. 1904 May 1916 140 201 91 15 12 69 96 19 3 2,900 00 1 300 00 19,383 36 O Winchendon “ “ . 25 Sept, 1903 N ov. 1915 146 200 13 45 45 13 _ _ 26 Mar. 1904 May 1916 146 200 14 59 69 15 1 “ 1 650 00 13,809 66 pH Winchester “ “ . 21 N ov. 1903 Jan. 1916 146 200 65 49 50 7 1 - 1 400 00 10,032 50 W “ _ 10 - 1 _ _ 9,005 85 “ “ . 22 May 1904 July 1916 146 200 66 8 4 34 46 14 2 1,600 00 '1 500 00 9,230 36 Woburn “ “ . 35 April 1904 N ov. 1915 140 200 11 85 11 254 350 64 20 16,400 00 3 1,870 00 70,038 50 “ “ “ 36 Oct. 1904 May 1916 140 200 38 41 21 164 226 33 15 8,000 00 6 3,720 00 31 April 1904 Feb. 1916 143 200 18 63 - 98 161 26 6 12,500 00 - - Wollaston 45,285 88 32,228 98 “ “ “ . 32 Oct. 1904 Aug. 1916 143 200 29 16 10 121 147 26 3 3,200 00 1 500 00 29,442 63 Worcester “ “ . 48 April 1904 Jan. 1916 142 200 03 56 22 215 293 50 9 11,200 00 3 800 00 58,608 79 ^ “ “ “ . 49 Oct. 1904 Aug. 1916 142 200 65 25 - 78 103 29 1 5,000 00 - - 20,666 95 F" “ “ . 70 Sept. 1903 Dec. 1915 147 200 34 40 8 200 248 38 4 7,800 00 1 700 00 49,684 32 Ö O O Workingmen’s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - 291 322 53 5 6,200 00 - - 64,564 22 147 200 65 10 231 281 52 5 7,900 00 2 650 00 56,382 65 147 200 77 29 17 143 189 42 5 5,800 00 2 150 00 37,945 53 Mar. 1916 144 203 85 - - 20 20 4 - - - 4,077 00 July 1916 142 200 74 - 17 17 4 - 3,412 58 5,155 3,153 22,767 31,075 5,806 Previously reported 42,291 27,562 164,540 234,393 Totals from date of first maturity 47,446 30,715 187,307 265,468 55,766 13,090 $9,234,561 45 “ .. . _ 71 72 Mar. 1904 June 1916 “ “ “ . 73 June 1904 Sept. 1916 Wrentham “ “ . “ “ “ . Totals for year ending Oct 31,1916 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 7 Mar. 1904 8 Sept. 1904 147 - - - 1,276 $1,008,257 73 49,960 11,814 8,226,303 72 635 $286,155 00 $6,240,459 01 6,269 2,919,298 00 46,794,923 24 6,904 $3,205,453 00 $53,035,382 25 BANK COMMISSIONER. 31 40 Mar. 1916 “ .. No. 8.] 200 51 Dec. 1903 Workingmen’s .. xxviii REPO RT OF TH E [Pub. Doc. Principal Assets and Liabilities o f Co-operative Year. No. of Banks Bonds and Notes. Loans on Real Estate. Loans on Shares. CommonReal form Estate by Mort Fore gages. closure. Arrear ages. Cash on Expense Hand and Account. in Banks. Other Assets. 1879 10 - $176,305 $7,623 - - $4,954 $2,559 $13,279 1880 16 $2,050 328,687 15,558 - - 5,241 3,694 16,698 534 1881 18 - 572,213 26,013 - - 9,134 4,822 40,101 860 1882 25 - 923,963 36,511 - - 15,153 6,498 49,121 4,889 1883 25 - 1,308,479 63,872 - - 21,773 6,099 66,340 4,699 1884 26 - 1,771,778 87,984 - - 27,541 6,222 76,474 1,924 1885 30 - 2,253,668 112,743 - $6,309 32,957 7,380 96,345 2,934 1886 40 - 2,887,369 151,944 - 8,997 38,829 9,286 128,842 3,805 1887 51 - 3,797,628 195,406 - 4,929 51,640 11,538 145,331 5,477 13,456 $515 1888 66 - 4,884,665 241,316 - 16,297 66,880 14,072 268,426 1889 93 - 6,405,208 267,545 - 34,567 65,940 20,324 313,045 - 1890 103 51,779 8,325,923 363,793 - 49,833 - 24,129 394,386 54,990 1891 108 17,793 10,791,169 520,801 - 67,557 56,550 23,919 380,080 16,661 1892 115 30,527 13,093,402 599,121 $9,960 98,481 66,178 24,345 687,115 11,147 1893 116 84,254 15,577,718 815,771 22,990 105,198 87,214 25,562 351,837 15,378 1894 117 62,391 16,590,389 784,732 43,650 139,137 107,438 23,358 829,267 4,309 1895 119 114,131 18,427,199 851,331 31,725 184,550 117,085 23,842 795,397 7,407 1896 122 157,884 20,777,353 989,834 25,828 282,610 149,267 25,265 484,511 14,140 1897 123 125,365 21,835,114 962,510 77,750 531,041 150,893 24,982 872,216 17,972 27,909 1898 124 82,927 22,825,741 1,009,018 106,973 782,370 163,172 23,837 771,407 1899 125 115,439 23,270,571 1,109,349 124,970 890,605 172,561 24,650 1,024,462 12,040 1900 126 82,668 24,046,155 1,155,074 181,384 993,150 163,729 25,087 1,057,177 17,324 1901 128 86,526 24,954,786 1,208,597 313,125 1,041,708 166,565 25,920 858,162 18,819 1902 130 132,350 26,469,757 1,275,680 324,393 946,148 154,291 27,380 1,033,439 28,228 21,955 1903 130 237,754 28,940,169 1,547,442 367,239 839,223 149,970 32,510 783,477 1904 129 214,922 31,580,140 1,554,301 398,298 730,486 154,031 31,068 922,583 28,219 1905 130 346,140 34,465,236 1,599,559 407,569 580,427 156,673 26,481 1,092,096 50,901 1906 133 445,876 38,155,669 1,742,547 383,336 542,868 130,379 31,346 1,085,708 39,846 1907 135 294,890 43,072,942 2,128,793 370,950 365,051 156,582 32,800 753,702 44,365 1908 137 203,450 46,989,242 2,258,420 330,958 334,863 197,190 35,217 967,631 22,931 1909 140 111,879 51,543,428 2,238,821 305,997 244,554 188,780 36,820 1,257,809 17,546 1910 147 149,849 56,896,951 2,401,321 274,015 215,310 171,072 40,405 1,330,282 19,633 1911 160 122,789 62,777,184’ 2,476,655 245,284 161,275 167,335 48,495 1,558,529 15,834 1912 162 89,110 69,436,620 2,567,721 215,320 139,819 187,216 47,683 1,769,385 31,174 1913 169 154,449 76,616,904 2,794,939 196,748 162,526 150,616 52,854 1,564,444 14,863 1914 174 335,400 84,413,019 2,935,764 176,433 187,546 152,827 58,483 2,504,427 17,571 1915 179 75,924 93,987,791 3,220,953 193,513 270,693 161,714 73,876 3,537,604 21,250 1916 183 200,397 103,657,829 |3,324,625 170,007 318,657 162,698 73,451 5,372,783 25,460 * Including 1,614 matured share certificates amounting to $322,800. t Including 8,078 matured share certificates amounting to $1,615,600. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] xxix BANK COMMISSIONER, Banks from 1879 to 1916 inclusive. Total As sets and Liabilities. Dues Capital. Profits Capital. Guaranty Surplus. Fund. Un Forfeited Retired Matured Share divided Share Share Earnings. Account. Account. Account. Other Liabili Year. ties. $205,235 $193,519 - - $690 $4,296 $147 - - $6,583 1879 372,462 355,088 - - 4,060 2,871 159 - - 10,284 1880 653,143 633,264 - - 2,782 2,999 175 - - 13,923 1881 1,036,135 998,400 - - 5,104 4,808 261 - - 27,562 1882 1,471,262 1,432,422 - - 8,165 6,788 988 - - 22,899 1883 1,171 - - 13,580 1884 923 $2,798 - 11,604 1885 - 14,323 1886 1887 1,971,923 1,932,475 - $44 12,409 12,244 2,512,336 2,464,337 - 1,890 14,749 16,035 3,229,072 3,170,096 - 5,084 18,442 17,496 1,808 1,823 4,211,949 4,127,679 - 7,825 24,017 21,761 998 1,092 - 28,577 2,815 - $16,370 35,945 1888 8,538 10,748 1889 - 27,585 1890 - 30,089 1891 1892 5,505,112 5,374,777 - 11,906 33,225 30,074 7,106,629 6,267,286 $702,296 18,233 16,243 77,980 3,157 2,148 9,264,833 8,009,038 1,070,812 27,207 25,967 99,625 4,599 - 11,874,530 10,216,145 1,414,690 39,195 41,314 125,538 7,559 - 14,620,276 12,512,367 1,814,094 54,105 61,974 137,995 7,255 680 16,427 15,379 8,916 235 15,727 17,878 1893 3,573 35,818 10,223 1894 1895 17,085,922 14,516,478 2,243,839 68,491 82,675 131,683 18,584,671 15,644,530 2,535,983 88,129 111,508 141,051 13,856 20,552,667 17,217,776 2,910,815 107,444 128,347 146,875 13,832 573 5,497 21,508 22,906,692 19,053,082 126,216 161,740 161,541 12,833 2,131 8,573 20,313 1896 24,597,843 20,319,076 3,709,416 145,693 190,683 174,801 11,332 2,932 12,907 31,003 1897 25,793,354 21,246,168 3,943,901 165,376 216,456 177,591 13,412 6,049 5,147 19,254 1898 26,744,647 22,034,825 4,057,313 183,131 241,170 172,425 13,608 6,328 17,571 18,276 1899 3,360,263 27,721,748 22,859,955 4,133,131 201,942 270,233 157,931 13,129 23,198 48,362 13,867 1900 28,674,208 23,741,905 4,160,596 219,298 293,491 158,896 10,916 28,910 40,002 20,194 1901 30,391,666 25,299,943 4,284,428 237,161 314,212 161,598 11,196 20,654 40,608 21,866 1902 32,919,739 27,478,895 4,582,909 258,699 332,530 177,797 14,249 451 38,331 35,878 1903 35,614,048 29,750,625 4,915,582 276,411 373,996 208,976 14,743 809 41,760 31,146 1904 38,725,082 32,325,730 5,353,179 304,313 413,576 196,431 17,685 1,479 50,203 62,486 1905 42,557,575 35,507,667 5,896,481 341,406 476,478 220,511 16,320 4,528 54,546 39,638 1906 47,220,075 39,250,508 6,577,060 379,819 556,526 259,288 18,216 1,129 151,923 25,606 1907 51,339,904 42,576,682 7,275,908 436,369 672,963 279,099 15,876 371 62,244 20,392 1908 55,945,634 46,220,344 7,977,730 499,048 777,028 309,986 25,708 4,674 96,057 35,059 1909 61,498,838 50,695,747 8,851,254 567,984 906,936 331,802 22,986 1,606 90,425 30,098 1910 67,573,381 55,589,298 9,693,365 644,989 1,072,142 365,285 29,462 371 163,582 14,886 1911 1912 74,484,048 61,264,523 10,616,439 736,663 1,180,522 401,954 26,578 1,783 234,201 21,385 81,708,343 67,312,569 971,803 1,189,190 448,982 33,441 5,114 116,712 34,451 1913 90,781,470 74,457,577 12,775,303 1,171,022 1,256,529 573,984 39,421 3,079 484,109* 20,446 1914 11,596,081 101,543,318 82,034,231 14,268,195 1,381,561 1,383,919 666,356 37,416 20,930 1,722,3971 28,313 1915 113,305,907 90,509,866 15,906,349 1,646,486 1,489,654 722,080 37,027 640 2,958,3471 35,458 1916 1 Including 14,052 matured share certificates amounting to $2,810,400. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF THE XXX Savings [Pub. Doc. L oan A ssociations. and In accordance with the provisions of chapter 121, Acts of 1912, this department has examined and audited during the year the books and accounts of the following savings and loan associations: — Attleborough Savings and Loan Association, Attleboro. Norton Savings and Loan Association, Chartley. Plainville Savings and Loan Association, Plainville. C redit U nions . Credit unions making report to this department as at close of business Oct. 31, 1916, numbered 53, an increase of 6 since Oct. 30, 1915. The reports of the 53 unions show gross assets of $816,443.08, an increase of $384,843.60. The total membership shown is 11,418, an increase of 3,572. The total receipts during the year were $1,267,092.84, an increase of $540,525.31, and the total loans made were $831,543.65, an increase of $330,194.90. The total disbursements as dividends to shareholders were $13,241.51, and the total sum paid as interest on savings accounts was $5,986.70. The following is a list of the credit unions which have commenced business since Oct. 30, 1915: — N Began Business. Location. ame. C ity of Boston Employees Credit Union B o s t o n .................................... N ov. 15, 1915 Hampden Credit U n i o n ............................................. B o s t o n .................................... Aug. 28, 1916 Mansfield Credit Union . . . . . . Mansfield . . . . M yco Credit U n i o n ...................................................... B o s t o n .................................... Sept. 2, 1916 Oct. 2, 1916 Neponset Credit U n i o n ............................................. East Walpole . . . . N ov. 1, 1915 Skandia Credit U n i o n ...................................................... Worcester . . . Jan. 1, 1916 State Street Credit U n i o n ............................................. B o s t o n .................................... Oct. 7, 1916 . A certificate was granted to the Lowell Credit Union of Lowell, but the union had not commenced business on Oct. 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 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. XXXI 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 820.33 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 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 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc, REPO RT OF THE XXX11 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 o f Condition Oct. 31, 1916, o f 53 Credit Unions, as com pared with a Similar Statement on Oct. SO, 1915, — Ifl Credit Unions. Oct. 30, 1915. Oct. 31, 1916. $362,430 36 $652,385 78 Shares . 49,103 42 124,310 82 Deposits 13,572 82 8,092 99 Guaranty fund Sundries 1,460 02 1,303 96 Earnings Investments 5,032 86 30,349 53 A ssets. Loans Cash . . . . Expense account Oct. 30, 1915. Oct. 31, 1916. $252,218 00 $436,164 36 143,592 41 328,102 61 L ia b il it ie s . . . . . Entrance fees Fines . . . 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 . Profit and loss 6,346 21 4,222 73 $431,599 48 $816,443 08 Sundries $816,443 08 $431,599 48 7,768 33 Receipts and Disbursements during Year ending Oct. 31, 1916, Unions. R D e c e ip t s . $283,270 45 53 Credit — is b u r s e m e n t s . S h a r e s ............................................. $97,200 52 D e p o s i t s .............................................. 338,740 52 Deposits ............................................. 153,115 65 Repaid l o a n s .................................... 540,544 83 Loans . 831,543 65. Entrance f e e s .................................... 2,925 97 I n t e r e s t ............................................. 44,301 08 Shares Fines . . . . . . ............................................. Borrowed m oney . . . . M a i n t e n a n c e .................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13,441 43 Interest paid and returned 1,300 00 Borrowed m oney repaid 4,951 52 Investments $1,267,092 84 . E x p e n s e s ............................................. Dividends paid 49,103 42 Number of shares in force Oct. 31, 1916 Number of members Number of borrowers . 1,218 97 736 08 S u n d r i e s ............................................. Cash on hand Oct. 30, 1915 . . . 5,986 70 . . 13,241 51 . . , ; S u n d r i e s ............................................. Cash on hand Oct. 31, 1916 1,705 00 25,531 19 1,016 37 124,310 82 $1,267,092 84 93,042 11,418 3,623 No. 8.] BANK COMMISSIONER. XXX111 F armland B anks . There are no banks operating under the provisions of chapter 231 of the General Acts of 1915, entitled “ An Act to authorize the in corporation of farmland banks,” which provided for the formation and incorporation of such banks for the purpose of promoting rural mortgage credit. R ecommendations. 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 my 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 $6,000 to $8,000 would make desirable security for loans, and advise that the statutes be amended to permit an in crease in the limit of the amount of a single loan, and a correspond ing 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 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis XXXIV REPORT— B A N K CO M M ISSIO N ER [Pub. Doc. No. 8. 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. ABSTRACT OF ANNUAL REPORTS OF THE C O - O P E R A T I V E BA NKS SHOWING THEIR CONDITION A T CLO SE OF BUSINESS https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis OCTOBEK, 1916. [Pub. Doc, REPO RT OF TH E 9 ACUSHNET CO-OPERATIVE BANK, NEW BEDFORD. 73 WILLIAM STREET. Incorporated November 15, 1889. Began business November 16, 1889. C harles L. F isher , T re a su re r. F r ederic T a b e r , P r e sid e n t . L. B. B a t e s , C. L. F ish e b , W . B. G ard ner , E. P. H a sk in s , E. F. N icholson , O. S. P a in e , E. E. F. P otte b , C. R . P rice , F rederic T a b e r , F rederic H. T a b e r , J. O. T homp s o n , Jr., B. A. T ripp , H . W . T ripp , E . H . W e f e r , S. F. W insper . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : L. B . B a t e s , C. R . P r ice , H . W . T ripp . Regular meetings lor receipt of moneys the fourth Saturday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Insurance and taxes paid Cash $498,825 17,375 1,134 126 33 17,733 00 00 51 08 29 09 Dues capital . . . . Profits capital . . . . 127 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Forfeited share account Advance interest Dividends on matured share certifi cates . . . . . $535,226 97 25,400 4,845 4,660 87 88 00 70 22 00 89 571 50 $535,226 97 Shares. Issued during year W ithdrawn during year M atured during year Shares now pledged Shares in force $429,446 00 70,127 66 Membership. . . 4,758 2,386 155 . 3,241 . 11,730 ificates 127 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . 510 266 1,370 328 Profits Distributed. U nm atured Sh a i ^ s . First term, 2 % % ; second term, 2M % . M atu red Sh ar e C ertificates . First term, 2 * 4 % ; second term, 2)4% . Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. 2 6 4 r e a l estate lo a n s (average, $1,889.48 each; average rate, 5.98%): 5J^%, 6 4 s h a re lo a n s (average, $271.48 each; average rate, 6% ): 6%, $17,375. $19,200; 6%, $479,625. Total Expenses for Year. A m ount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. ...........................................$1,370.00 .......................................... 2 .5 6 Other Expenses. $1,330.95 2 .49 Total. $2,700.95 5 .0 5 3 BANK COMMISSIONER. No. 8.] Reconciliation of Share Account with Dues and Profits Gapital. Receipts and Disbursements. R eceipts . Dues capital . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees Withdrawal profits Matured share certificate account . Cash on hand October, 1915 $137,588 00 3,825 89,200 18,500 29,423 775 9 930 13,600 19,948 00 00 00 28 07 50 89 00 50 $313,800 24 D isbu rsem ents . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Temporary expense Forfeited share account Matured share certificate account . Dividend on matured shares Taxes and insurance Cash on hand October, 1916 $63,693 23,479 7,030 7,659 170,475 17,850 78 2,700 184 2,200 682 33 17,733 00 00 88 62 00 00 29 95 62 00 50 29 09 Date of Issue. Series, J M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay 1904 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 i t , $201 191 181 171 161 152 143 134 125 116 108 100 92 84 76 68 61 53 46 39 32 25 18 12 6 18 03 08 33 75 39 25 27 50 86 41 13 01 05 26 64 20 74 35 18 21 41 80 36 10 Total Value. 81 128 81 131 94 107 122 121 94 195 70 232 187 296 217 509 390 213 507 715 875 932 1,229 1,798 2,406 Dues paid in advance , $16,295 24,451 14,667 22,444 15,204 16,305 17,476 16,246 11,797 22,787 7,588 23,230 17,205 24,878 16,548 34,937 23,868 11,446 23,499 28,013 28,183 23,682 23,105 22,223 14,676 58 84 48 23 50 73 50 67 00 70 70 16 87 80 42 76 00 62 45 70 75 12 20 28 60 1,169 00 $501,934 66 $313,800 24 $429,446 00 70,127 66 2,361 00 Dues capital Profits capital Unpaid dues $501,934 66 D ate of E x am in a tio n and A u d it , October 2 -1 0 inclusive. ADAMS CO-OPERATIVE BANK, ADAMS. 20 CENTRE STREET. Incorporated December 17, 1895. Began business M arch 10, 1896. G eorge B. A dams , P r e sid e n t. F r an k H a n l o n , T r e a su r e r . G. B. A dams , N . A . B atchelder , R . C. B u n tin , J. J. C a r n e t , J. J. D a l y , A. B. D a n ie ls , A . E . G r e e n , S. L. A . H a l l , F r an k H a n l o n , F. R . H arrington , A . W . Jones , H en r y K a iser , W . S. M orton , W . B. P l u n k e tt , F. R . Sh a w , F. W . Sm ith , P. P. Sm ith , O. A . U p to n . B o a r d o f D ir e c to r s: S e c u r it y C om m itte e : S. L. A . H a ll , J. J. C a r n e y , P. P. S m ith . Regular meetings for receipt of moneys the second Tuesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 4 REPO RT OF THE [Pub. Doc, STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Comm on form mortgages Cash . . . . Liabilities. . $371,805 12,388 534 9,843 00 00 00 37 Dues capital . Profits capital . Guaranty fund . Surplus . . . . . . . . . . . . . . $320,556 62,711 4,952 6,350 $394,570 37 $394,570 37 Shares. Issued during year W ithdrawn during year Retired during year Matured during year Shares now pledged Shares in force 00 40 97 00 Membership. . .. . . . 1,134 685 90 64 2,461 6,075 A dded during year . W ithdrawn during year Members . . . Borrowers . . . . . . . . . . . . 96 79 729 284 . . . Profits Distributed. U nm atured Sh ar e s . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 10%. Rates and Averages on Loans. % 4 8 re a l estate lo a n s $81,405. 4 5 sh a re lo a n s (average, $1,499.21 each; average rate, 5.32%): 5%, $215,780; 5M % . $74,620; 6%, (average, $275.28 each; average rate, 5.75%): 5%, $1,000; 5 H % , $4,100; 6%, $7,288. Total Expenses for Year. Salaries. $847.53 2 15 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Other Expenses. $586.41 1.48 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans repaid Share loans repaid Mortgages . . . . Interest . . . . . Fines Withdrawal profits Cash on hand October, 1915 $73,903 69,255 9,310 48 20,034 355 261 8,941 00 00 00 00 20 56 54 00 $182,108 30 D isbu rsem ents . Dues capital withdrawn Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Tem porary expense Permanent expense Cash on hand October, 1916 $28,616 12,865 9,344 4,314 4,332 3,3S7 96,720 10,777 474 1,275 158 9,843 Total. $1,433.94 3 .63 00 00 00 50 60 08 00 00 81 54 40 37 $182,108 30 Date of Issue. Series. _ ^ alVe _ Nov. Ma y Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. Ma y Nov. M ay Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 $196 186 175 165 155 145 136 126 117 109 100 92 83 75 68 60 53 45 38 31 25 18 12 6 Dues paid in advance . 84 10 64 43 44 70 23 99 93 11 54 16 96 97 19 61 20 95 88 99 27 73 33 09 Shares 144 223 78 68 59 44 153 57 132 204 209 203 275 240 301 248 396 270 396 343 490 476 568 498 Total Value. $28,344 41,500 13,699 11,249 9,170 6,410 20,843 7,238 15,566 22,258 21,012 18,708 23,089 18,232 20,525 15,031 21,067 12,406 15,396 10,972 12,382 8,915 7,003 3,032 96 30 92 24 96 80 19 43 76 44 86 48 00 80 19 28 20 50 48 57 30 48 44 82 120 00 $384,179 40 Dues capital Profits capital Unpaid dues $320,556 00 62,711 40 912 00 $384,179 40 D ates of E xam in a tio n and A u d it , October 17-20 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. 5 AMESBURY CO-OPERATIVE BANK, AMESBURY. MARKET SQUARE. Incorporated April 10, 1886. Began business M ay 1, 1886. W illiam W . H a w k e s , P r e sid e n t. B o a r d o f D ir e c to r s: J ohn G ib bo n s , T r e a su r e r . R. E. B riggs , John C u r r ie r , W . W . H a w k e s , M . B. M ebb ill , C harles Schofield . S e c u r it y C om m itte e : W . W . H a w k e s , R . E. B riggs , John C u r bieb . v Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. $203,095 6,980 756 8 10,540 Loans on real estate Loans on shares . Unpaid interest . Mortgage balance Cash 00 00 08 40 54 $166,837 39,918 4,737 4,885 5,001 Dues capital Profits capital Guaranty fund . Surplus Matured share account $221,380 02 $221,380 02 Shares. Issued during year . W ithdrawn during year Matured during year . Shares now pledged . Shares in force . . Membership. . . . . . . . . 00 47 60 70 25 . . . . . . . 1,830 266 142 1,228 3,771 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . 265 41 723 223 Profits Distributed. U nm atured Sh ares . First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 10%. Rates and Averages on Loans. 1 9 6 re a l estate lo a n s (average, $1,036.19 $ 7 sh a re lo a n s (average, $258.51 each; each; average rate, 6.30%): 6.30%, $203,095. average rate, 6.30%); 6.30%, $6,980. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. Other Expenses. $615.00 $473.19 2 .77 2.13 Total. $1,088.19 4 .9 0 [Pub. Doc. REPO RT OF THE 6 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . Premiums . . . . Fines . . . . Transfer fees Withdrawal profits Matured share account Profits capital Guaranty fund . Cash on hand October, 1915 Value Shares Date of Issue. Series. per Share. in Force $192 76 7 39 M ay 1905 74 181 74 40 Nov. 1905 79 41 171 04 M ay 1906 160 60 157 42 Nov. 1906 106 150 39 43 M ay 1907 140 42 113 44 Nov. 1907 85 130 69 45 M ay 1908 64 121 23 46 Nov. 1908 121 111 99 47 M ay 1909 102 98 103 48 Nov. 1909 94 19 216 49 M ay 1910 250 85 66 50 Nov. 1910 12 77 36 51 M ay 1911 65 52 69 34 Nov. 1911 97 53 61 53 M ay 1912 39 54 53 92 Nov. 1912 46 52 61 55 M ay 1913 65 56 39 33 Nov. 1913 82 32 33 57 M ay 1914 25 53 63 58 Nov. 1914 103 59 18 87 M ay 1915 12 39 225 60 Nov. 1915 6 10 1,584 61 M ay 1916 $37,984 00 2,775 31,200 9,036 13,030 625 336 4 312 24,161 509 588 27,205 00 00 00 82 36 68 25 45 55 59 72 98 $147,770 40 D isbu rse m e nts . $14,550 21,040 3,168 8,256 63,950 4,910 509 1,088 19,160 8 588 10,040 Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Temporary expense Matured share account Personal accounts Surplus . . . . . Cash on hand October, 1916 00 00 53 13 00 00 59 19 30 40 72 54 Dues paid in advance . Total Value. $1,349 13,448 13,512 25,214 15,941 15,867 11,108 7,758 13,550 10,606 20,345 21,415 928 4,507 5,968 2,102 2,837 2,556 2,651 1,608 1,943 2,787 9,662 32 76 16 20 34 46 65 72 79 94 04 00 32 10 41 88 72 45 06 39 61 75 40 180 00 $207,852 47 $166,837 00 39,918 47 1,097 00 Dues capital Profits capital Unpaid dues $147,770 40 $207,852 47 D a tes of E x am in a tio n and A u d it , M ay 8, 9. ARLINGTON CO-OPERATIVE BANK, ARLINGTON. 624 MASSACHUSETTS AVENUE. Incorporated October 30, 1889. Began business November 14, 1889. W arren A . P eirce , P r e sid e n t . E lbert L. C h urchill , T r e a su r e r . C. W . A l le n , G. G. A l le n , S. M. B artlett , F r an k B ott , J. G. B rack ett , E. L. C h urchill , J. O. H olt , C. A. M oore , W . A. P eirce , G. O. R ussell , C. H . St evens , O .W . W h ittem ore , C. R . W h y t a l , F. P. W y n n , D a n ie l W y m a n . B o a r d o f D ir e c t o r s: S e c u r i t y C om m itte e : W . A. P eir ce , G. G. A lle n , O. W . W hittemore . Regular meetings for receipt of moneys the second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . Unpaid fines Personal accounts Insurance and taxes paid Suspense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $645,613 20,821 385 820 107 35 203 210 17,062 21 00 88 38 00 71 13 53 18 $685,259 02 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account $562,932 109,305 5,045 7,970 5 00 78 23 21 80 $685,259 02 No. 8.] BANK COMMISSIONER. Shares. Membership. 2,726 1,083 5 240 3,805 11,742 Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force A dded during year W ithdrawn during year Members . . " . Borrowers . . . . 288 121 1,320 396 Profits Distributed. U n m atueed Sh ar e s . First term, 2 % % ; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 25% on series not over 6 years old; after 6 years, none. Rates and Averages on Loans. 3 3 0 re a l estate lo a n s (average, $1,956.40 each; average rate, 5.49%): 5%, $230,400; 5J^%, $194,850' 6%, $220,363.21. (average, $206.46 each; average rate, 5.75%); 5%, $2,450; 5J^%, $5,365; 6% , $13,006. 9 6 sh a re lo a n s Total Expenses for Year. Salaries. Other Expenses. $1,953.20 $499.54 2 .8 5 .73 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . . Dues capital Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Suspense account Taxes . . . . Profits capital Personal accounts Surplus . . . . Cash on hand, October, 1915 $136,173 00 7,500 50,500 14,534 34,646 1,185 8 308 1 50 148 25 11 44 132 6,958 00 00 00 82 29 50 69 11 00 24 00 53 56 16 00 $252,226 SO D isbu rse m e nts . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Prpfits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Fines . . . . Real estate b y foreclosure Interest . . . . Tem porary expense . Taxes . . . . Forfeited share account Surplus . . . . Guaranty fund . Personal accounts Suspense account Cash on hand October, 1916 $39,665 50 34,993 6,498 3 13,091 120,140 16,874 19 467 2,452 228 110 30 107 73 358 17,062 00 00 00 28 80 71 08 00 94 92 27 74 13 01 06 25 76 77 18 Date of Issue. Series. Value per Share. Npv. 1904 31 $198 94 M ay 1905 32 188 10 Nov. 1905 33 177 48 34 M ay 1906 167 15 Nov. 1906 35 157 01 M ay 1907 36 147 07 Nov. 1907 37 137 53 M ay 1908 38 128 16 Nov. 1908 39 118 99 40 M ay 1909 110 05 41 Nov. 1909 101 32 M ay 1910 42 92 83 Nov. 1910 43 84 55 44 Ma y 1911 76 49 Nov. 1911 45 68 63 M ay 1912 46 60 96 47 53 46 Nov. 1912 M ay 1913 48 46 14 49 Nov. 1913 39 03 M ay 1914 50 32 10 51 Nov. 1914 25 34 52 M ay 1915 18 76 53 Nov. 1915 12 34 54 M ay 1916 6 09 Dues paid in advance . Shares Total Value. in Force. 81 $16,114 14 217 40,817 7fi 178 31,591 44 225 37,608 75 110 17,271 10 225 33,090 75 258 35,482 74 195 24,991 20 271 32,246 29 261 28,723 05 328 33,232 96 341 31,655 03 476 40,245 80 405 30,978 45 551 37,815 13 526 32,064 96 541 28,921 86 562 25,930 68 689 26,891 67 814 26,129 40 888 22,501 92 1,053 19,754 28 1,045 12,895 30 1,502 9,147 18 538 00 $676,639 78 Dues capital Profits capital Unpaid dues $252,226 90 D a te s of E x am in a tio n a n d A ud it , February 1-7 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $2,452.74 3 .5 8 $562,932 OO 109,305 78 4,402 00 $676,639 78 8 ; REPO RT OF THE [Pub. Doc. 4 ATHOL CO-OPERATIVE BANK, ATHOL. 386 MAIN STREET. Incorporated July 1, 1889. Began business July 15, 1889. O scar T. B rooks , P r e sid e n t. A . F oster H am ilto n , T r e a su r e r . C. F. A msden , R . E. B eech er , O. T. B rooks , A . E. C a sw e ll , H. C. F a t , L. B . F a y , A. F. H am ilto n , G . C. L ongley , F. W . L ord , G. F. L ord , W . G. L ord , S im on M ac K a y , F. S. P a rm enter , W . W . W oodward , E . L. W orrick . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : C. F. A msden , W . G. L ord , F. S. P arm enter . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Less amount due $279,925 00 893 12 Loans on shares . . . C om m on form mortgages Unpaid interest . . . Unpaid fines . . . Cash . . . . . . . . $279,031 17,750 1,524 498 61 25,306 88 00 00 40 82 76 Dues capital . . . . Profits capital . . . . 106 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Dividends on matured share certificates . . . . . $244,277 00 45,456 51 21,200 00 3,636 97 9,097 38 505 00 $324,172 86 $324,172 86 Shares. Membership. . Issued during year W ithdrawn during year M atured during year Shares now pledged . . Shares in force . . . . M atured shares represented b y certificates 1,765 721 42 1,948 5,584 106 A dded during year Withdrawn during year Members . . . . Borrowers . . . 207 109 696 284 . . . Profits Distributed. U nm atur ed S h ar e s . First term, 2 % % ; second term, ‘2 % % . M a tu re d Sh ar e C ertifica te s . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. 2 8 8 re a l estate lo a n s (average, $989.13 each; average rate, 5.98% ): 5%, $3,950; 9 6 s h a r e l o a n s (average, $184.89 each; average rate, 6% ): 6%, $17,750. 6%, $275,975. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. Other Expenses. $1,252.00 $515.69 3 .86 1.59 Total. $1,767.69 5.45 9 BANK COMMISSIONER, No. 8.] Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Shares Value Date of Issue. Series. per Share. in Force. Total Value. 32 $199 58 27 $5,388 66 N ov. 1904 95 33 188 76 17,932 20 M ay 1905 60 178 20 10,692 00 34 N ov. 1905 167 88 33 35 5,540 04 M ay 1906 157 77 60 36 9,466 20 N ov. 1906 62 147 90 9,169 80 37 M ay 1907 34 138 26 4,700 84 38 Nov. 1907 72 128 83 39 9,275 76 M ay 1908 102 40 119 65 12,204 30 Nov. 1908 41 110 69 213 23,576 97 M ay 1909 172 42 101 94 17,533 68 Nov. 1909 205 43 93 41 19,149 05 M ay 1910 278 44 85 08 23,652 24 N ov. 1910 76 96 175 45 13,468 00 M ay 1911 141 46 69 02 9,731 82 Nov. 1911 301 61 28 47 18,445 28 M ay 1912 221 53 75 48 11,878 75 N ov. 1912 248 49 46 39 11,504 72 M ay 1913 39 22 360 50 14,119 20 Nov. 1913 32 23 418 51 13,472 14 M ay 1914 25 43 52 305 7,756 15 Nov. 1914 18 81 367 53 6,903 27 M ay 1915 12 37 822 54 10,168 14 N ov. 1915 813 55 6 10 4,959 30 M ay 1916 Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Mortgages . . . . . Real estate b y foreclosure . Interest . . . . . Fines . . . . . Withdrawal profits Matured share certificate account . Cash on hand October, 1915 $65,218 00 2,200 43,700 10,275 12,469 7,480 1,600 17,251 229 227 8,400 12,816 00 00 00 86 14 00 58 72 78 00 96 $181,869 04 D isbu rsem ents . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . U ncom pleted mortgage loans Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Tem porary expense . . . Dividend on matured share certifi cates . . . . . Cash on hand October, 1916 $19,655 6,060 2,045 2,306 96,350 12,205 13,469 1,550 534 40 1,717 00 00 00 40 00 00 00 00 93 92 69 Dues paid in advance . 196 00 $290,884 51 628 34 25,306' 76 $181,869 04 Dues capital Profits capital Unpaid dues . $244,277 00 45,456 51 1,151 00 $290,884 51 D ates of E xam in a tio n an d A ud it , April 10-12 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10 REPO RT OF THE [Pub. Doc. ATLANTIC CO-OPERATIVE BANK, LAWRENCE. 228-231 BAY STATE BUILDING. Incorporated March 26, 1891. Began business April 30, 1891. R ichard H. B a r l o w , P r e sid e n t . B enjamin R . B r ad ley , T r e a su r e r . F. E. B atcheller , R. H. B a r l o w , H. E. B evington , R. W . B evington , O. W . B oothby , B. R . B r ad le y , B. E. C r o w e l l , W . D. C urrier , A lfred G a u n t , C. H. K itch in , W . M . L am on t , F. W . M c L a n a t h a n , J. D. M orrison , II. B. M usk , S. E. R ollins , F. A. Sh er m a n , O. E . St ein er t , G e o . W h itt a k e r . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : R . H. B a r l o w , S. E . R ollins , H. E. B evin g to n . Regular meetings for receipt of moneys the last Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Tem porary expense account Cash . . . . Liabilities. . $245,900 8,275 4,647 44 16,378 00 00 15 30 74 Dues capital . . . . Profits capital . . . . 31 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited share account $275,245 19 $219,627 00 37,786 02 6,200 6,388 3,688 1,395 57 00 11 60 72 80 25 96 69 5 00 $275,245 19 Shares. Membership. Issued during year . W ithdrawn during year Forfeited during year M atured during year Shares now pledged . Shares in force . Matured shares represented b y certificates 1,296 858 13 36 1,565 5,525 31 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . 141 95 619 162 . . Profits Distributed. U nm atured S h ar e s . First term, V / % % \ second term, 1 % % ', third term, 1% % ', fourth term, 1 % % . Matured Share Certificates. First term, 1M % ; second term, 1M % ; third term, 1M % ; fourth term, 1M%. Proportion of profits retained on voluntary withdrawals, 25% for 5 years; 10% from 5 to 8 years ¡after 8 years, none. Rates and Averages on Loans. 1 4 4 re a l estate lo a n s (average, $1,707.64 4 4 s h a re lo a n s (average, $188.07 each; each; average rate, 5.92%); 5%, $19,000; 6%, $226,900. average rate, 5.98%); 5%, $150; 6%, $8,125. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $400.00 1.45 Other Expenses. $777.08 2.82 Total. $1,177.08 4 .27 11 BANK COMMISSIONER, No. 8.] Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Shares Value Date of Issue. Series. per Share. in Force. Total Value. $195 99 25 $4,899 75 1905 56 Jan. 190 48 36 6,857 28 April 1905 57 35 6,477 80 1905 58 185 08 July 1 179 70 59 179 70 Oct. 1905 62 60 174 45 10,815 90 Jan. 1906 6,092 64 36 169 24 April 1906 61 28 4,594 52 62 164 09 July 1906 40 6,361 20 Oct. 1906 63 159 03 1 154 02 64 154 02 Jan. 1907 26 3,876 60 65 149 10 April 1907 35 66 144 23 5,048 05 July 1907 11 1,533 51 67 139 41 Oct. 1907 24 3,231 84 134 66 68 Jan. 1908 22 129 99 2,859 78 69 April 1908 34 4,261 90 70 125 35 July 1908 43 5,193 54 71 120 78 Oct. 1908 14 1,627 36 72 116 24 Jan. 1909 84 9,390 36 April 1909 73 111 79 17 1,825 29 74 107 37 July 1909 114 11,742 00 75 103 00 Oct. 1909 48 4,737 60 76 98 70 Jan. 1910 12,374 26 94 46 131 77 April 1910 32 2,888 32 78 90 26 July 1910 88 7,576 80 79 86 10 Oct. 1910 46 3,772 92 80 82 02 Jan. 1911 8,656 89 111 81 77 99 April 1911 35 2,590 35 74 01 82 July 1911 6,516 51 93 70 07 83 Oct. 1911 62 4,101 92 84 66 16 Jan. 1912 230 14,333 60 62 32 85 April 1912 36 2,107 08 58 53 86 July 1912 133 7,285 74 54 78 87 Oct. 1912 173 8,833 38 51 06 88 Jan. 1913 138 6,539 82 47 39 89 April 1913 163 7,136 14 43 78 90 July 1913 239 9,610 19 40 21 91 Oct. 1913 7,007 79 191 92 36 69 Jan. 1914 155 5,149 10 33 22 93 April 1914 4,946 80 166 94 29 80 1914 July 310 8,190 20 26 42 95 Oct. 1914 200 4,618 00 23 09 96 Jan. 1915 290 5,742 00 19 80 97 Anri! 1915 234 8,875 04 16 56 98 July 1915 413 5,517 68 13 36 99 Oct. 1915 « 4,002 32 392 10 21 Jan. 1916 100 2,201 00 310 7 10 April 1916 101 251 1,011 53 4 03 July 1916 102 167 167 00 1 00 Oct. 1916 103 Dues capital • . Real estate loans eliminated b y foreclosure . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . . Fines . . . . . Transfer fees Withdrawal profits Forfeited profits . . . . Matured share account M atured share certificate account . Cash on hand October, 1915 $64,738 00 2,400 00 1,600 41,800 •5,645 3,200 14,983 554 4 501 8 5,622 4,200 3,272 00 00 00 72 74 27 00 67 29 32 00 82 $148,530 83 D isbu rse m e nts . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Real estate b y foreclosure . Interest . Tem porary expense Permanent expense M atured share account M atured share certificate account . Dividend on matured share certifi cates . . . . . Cash on hand October, 1916 $24,575 266 5,194 3,107 33 1,804 75,950 6,700 2,550 40 877 300 8,831 1,600 00 00 00 07 17 28 00 00 49 93 08 00 57 00 322 50 16,378 74 $148,530 83 229 00 Dues paid in advance . $258,742 02 Dues capital Profits capital Unpaid dues . $219,627 00 37,786 02 1,329 00 $258,742 02 D ates of E x am in a tio n and A ud it , August 2 1 -2 4 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 12 REPO RT OF THE [Pub. Doc. ATTLEBOROUGH CO-OPERATIVE BANK, ATTLEBORO. 15 PARK STREET. Incorporated July 18, 1892. Began business August 17, 1892. T homas S. C arpenter , P r e sid e n t . H a rr y E . C arpenter , T r e a s u r e r . II. E. C a rp e n te r , T . S. C a r p e n t e r , W. A. C un n in g h a m , Joseph F inberg C C. O r an t , b. B. Jacobs , Joseph K erkhoff , G . A . M onroe , E dmund R e e v e s , J. J. T hacher Jb. L. I orrey , H . E . W h it e . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : G. A . M onroe , C. C. G r an t , S. B. Jacobs . Regular meetings for receipt of moneys the third Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . Unpaid fines Tem porary expense account Cash . . . . Liabilities. $192,795 16,670 5,043 1,231 58 312 30,231 00 00 40 54 14 16 51 Dues capital . . . . Profits capital . . . . 165 matured shares represented by , certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . ! Fines . . . . . Transfer fees . . . . Withdrawal profits Matured share account $246,341 75 $166,889 00 34,298 30 33,000 2,462 5,624 3,929 59 00 23 87 82 42 50 74 61 3 00 $246,341 75 Shares. Membership. Issued during year . . . . Withdrawn during year . . . Forfeited during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 769 445 26 116 1,302 3,244 165 Added during year W ithdrawn during year Members . . . Borrowers . . . 54 30 391 152 . . Profits Distributed. U nm atured Sh ar e s . First term, 2 % % \ second term, 2 % % . M atu red Sh are C ertificates . First term, 2 y 2% \ second term, 2 l/ 2% . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 1 2 7 re a l estate lo a n s (average, $1,518.07 5 4 sh a re lo a n s (average, $308.70 each; each; average rate, 6% ): 6%, $192,795. average rate, 6% ); 6%, $16,670. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $500.00 2 .0 3 Other Expenses. $273.06 1.11 Total. $773.06 3 .14 13 BAN K COMMISSIONER. No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . $37,721 00 Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Profits capital Forfeited share account Matured share account Matured share certificate account Personal accounts Surplus . . . . Cash on hand October, 1915 4,990 00 3,000 56,815 8,942 214 12,931 175 4 228 1 23 17,646 16,200 10 10 10,751 00 00 00 46 29 68 00 95 70 92 00 00 00 20 27 $169,665 47 D is b u r se m e n t s . $10,271 182 16,588 879 21 6,260 71,245 8,535 5,257 1,733 773 23 17,643 10 10 30,231 Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Tem porary expense Forfeited share account Matured share account Personal accounts Surplus . . . . Cash on hand October, 1916 00 00 00 95 89 11 00 00 86 11 06 92 00 00 06 51 Date of Issue. Series. Value Shares Total Value, per Share, in Force. Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 $195 185 174 163 153 143 133 124 115 106 97 89 81 73 65 57 50 43 36 29 22 16 10 4 94 00 21 72 53 56 91 52 40 45 78 31 13 10 35 76 39 22 21 42 80 36 09 00 $13,127 8,140 36,584 2,783 12,128 7,608 2,142 3,860 9,116 7,770 10,755 7,948 13,548 5,848 14,442 3,292 10,229 5,661 9,414 4,560 5,107 2,715 4,358 1,120 67 44 210 17 79 53 16 31 79 73 110 89 167 80 221 57 203 131 260 155 224 166 432 280 98 00 10 24 87 68 56 12 60 85 80 59 71 00 35 32 17 82 60 10 20 76 88 00 404 00 Dues paid in advance . $202,670 30 $166,889 00 34,298 30 1,483 00 Dues capital Profits capital Unpaid dues $202,670 30 $169,665 47 D ates op E xam in a tio n and A ud it , April 3 -6 inclusive. AUBURNDALE CO-OPERATIVE BANK, AUBURNDALE. 339 AUBURN STREET. Incorporated February 8, 1910. W illiam K . C orey , P r e sid e n t . Began business February 15, 1910. C harles E . V a le n t in e , T r e a s u r e r . A. B acon , W . K . C or ey , C . S. C ow d r ey , N . W . D e n n e t t , B ernard E a r l y , J. H. G ordon , W . F. H adlock , H. A. H a n s e n , H n G . H ildreth , L. H. H ilton , G . F. H o w la n d , C. P. H utchinson , J. A. L eonard , J. P. M elody , D . W . M orton , W . H. N a sh , W . J. Spaulding , E . B. S quire , H. L. T a n g e , C . E . V a le n t in e , G. M . W in s l o w . B o a r d o f D ir e c t o r s : G . S e c u r it y C om m itte e : W . H. N a sh , J. H. G ordon , W. F. H adlock , G. F. H ow la n d , H. L. T a n g e . Regular meetings for receipt of moneys first Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Tem porary expense account Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $127,875 7,390 60 8,321 00 00 34 14 $143,646 48 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Withdrawal profits Forfeited share account Security committee $126,134 14,387 885 947 1,170 17 24 4 76 00 66 26 05 03 58 90 00 00 $143,646 48 14 REPORT OF THE [Pub. Doc. Shares. Membership. Issued during year Withdrawn during year Shares now pledged Shares in force . . . 1,025 557 1,247 3,650 A dded during year Withdrawn during year Members . . . Borrowers . . . 97 53 416 77 . . Profits Distributed. U n m a t c h e d Sh a r e s . First term, 1} 4 % ; second term, l % % ; third term, 1M%; fourth term, 134 %. Proportion of profits retained on voluntary withdrawals, 25% for 3 years; 15% from 3 to 5 years; after 5 years, none. Rates and Averages on Loans. 52 r e a l estate lo a n s (average, $2,459 2 5 s h a re lo a n s (average, $295 each; each; average rate, 5.62%): 5)4% , $1,600; 5 / 4 % , $94,075; 6%, $32,200. average rate, 5.73%); 5 1 4 % , $3,975; 6%, $3,415. Total Expenses for Year. Salaries. $325.00 2 .27 Amount paid for . Cost per $1,000 of assets R eceipts . $41,023 24,650 4,606 7,292 174 131 90 18 1,665 $79,649 D is b u r se m e n t s. Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans . . . . Tem porary expense Forfeited share account Surplus . . . . . Cash on hand October, 1916 $16,746 1,646 44,925 7,265 655 90 8,321 $79,649 Value 00 Date of Issue. Series. 00 • Mar. 1910 00 1 $93 91 June 1910 2 89 85 08 85 83 24 Sept. 1910 3 37 81 83 Dec. 1910 4 Mar. 1911 5 77 96 08 00 June 1911 6 74 02 7 00 Sept. 1911 70 15 02 Dec. 1911 8 66 37 62 65 Mar. 1912 9 79 June 1912 10 58 88 11 55 22 Sept. 1912 12 Dec. 1912 51 55 Mar. 1913 13 47 96 00 44 37 June 1913 14 99 15 Sept. 1913 40 88 16 00 37 44 Dec. 1913 Mar. 1914 17 34 00 00 58 June 1914 18 30 62 Sept. 1914 19 27 28 00 Dec. 1914 23 98 08 20 Mar. 1915 21 14 20 72 22 17 50 June 1915 79 Sept. 1915 14 32 23 Dec. 1915 24 11 18 25 Mar. 1916 8 08 26 5 02 June 1916 27 2 00 Sept. 1916 Dues paid in advance . V Total. $655.58 4 .58 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Withdrawal profits Profits capital . . . . Forfeited share account Security committee Cash on hand October, 1915 Other Expenses. $330.58 2 .31 Shares 465 53 34 38 64 79 47 50 35 58 48 150 185 94 131 152 231 29 40 83 227 156 210 194 370 203 224 Total Value. $43,668 4,762 2,918 3,109 4,989 5,847 3,297 3,318 2,192 3,415 2,650 7,732 8,872 4,170 5,355 5,690 7,854 887 1,091 1,990 4,703 2,730 3,007 2,168 2,989 1,019 448 15 05 22 54 44 58 05 50 75 04 56 50 60 78 28 88 00 98 20 34 44 00 20 92 60 06 00 442 00 $141,322 66 Dues capital Profits capital Unpaid dues $126,134 00 14,387 66 801 00 $141,322 66 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , February 11-14 inclusive. BANK COMMISSIONER. No. 8.] 15 AVON CO-OPERATIVE BANK, AVON. MAIN STREET. Incorporated February 24, 1914. Began business M arch 5, 1914. O ri . a n d o L e a c h , P r e sid e n t , A rthur A. M a c D o n a l d , T r e a s u r e r . B o a r d o f D ir e c t o r s : W . M . B e a l s , J. J. C o l l i n s , E. C . C r a n e , J. T . D o l a n , C . D . D u n b a r , J. J. F e e l y , L. E. F o s t e r , W i l l i a m G e a r y , J. A. G i l l i g a n , O r l a n d o L e a c h , A. A . M a c D o n a l d , P . E . M c G o n n ig l e , F. P. M c N i f p , D . A . N e l s o n , R . H. S h e e h a n . J. T. D o l a n , D . A . N e l s o n , J. J. F e e l y . S e c u r it y C om m itte e : Regular meetings for receipt of moneys the first Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Less amount due Liabilities. $18,850 00 1,300 00 Loans on shares . Temporary expense account Cash . $17,550 575 58 5,593 00 00 93 62 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Withdrawal profits $22,095 1,345 66 10 244 9 6 $23,777 55 $23,777 55 Shares. Issued during year W ithdrawn during year Shares now pledged Shares in force . . . 00 71 12 47 22 57 46 Membership. . 299 125 121 962 A dded during year W ithdrawn during year Members Borrowers . . . . . 45 22 138 18 Profits Distributed. U n m a t u r e d Sh a r e s. First term, 224%; second term, 23^%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 16 re a l estate lo a n s (average, $1,096.87 each; average rate, 6% ): 6%, 8 sh a re lo a n s (average, $287.50 each; average rate, 6% ): 6%, $575. $17,550. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $50.00 1.99 Other Expenses. $95.70 3.82 Total. $145.70 5.81 16 REPO RT OF THE Receipts and Disbursements. [Pub. Doc. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Interest . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Cash on hand October, 1915 $10,481 2,800 298 1,300 1,104 47 00 00 00 00 93 69 25 17 82 454 33 Date of Issue. Mar. Sept. Mar. Sept. Mar. Sept. Series. 1914 1914 1915 1915 1916 1916 1 2 3 4 5 6 Value Shares per Share. in Force. Total Value. $34 20 516 $17,647 20 27 37 103 2,819 11 20 76 55 1,141 80 14 33 37 530 21 171 8 09 1,383 39 2 00 80 160 00 $23,681 71 $16,504 02 D is b u r s e m e n t s . Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans . . . Tem porary expense Cash on hand October, 1916 $1,593 78 8,300 793 145 5,593 . 00 70 00 00 70 62 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $22,095 00 1,345 71 241 00 $23,681 71 $16,504 02 D ate op E x a m in a t io n ano A u d it , October 13. BALDWINVILLE CO-OPERATIVE BANK, BALDWINVILLE. CENTRAL STREET. Incorporated July 16, 1889. E l w in L . T hom pson, Began business July 24, 1889. C h ar le s C . Sp e a r e , T re a su re r. P r e s id e n t . B o a r d o f D ir e c t o r s : G. H. A l e x a n d e r , E . L. B o w s e r , R. D . C o o k , F . R . E l l is , C. F l e t c h e r , F . L. H a g e r , W . P. H a w l e y , E . N . M u l l i n s , C . W . N i c h o l s , R . S p e a r e , C. A . S t e v e n s , E . L. T h o m p s o n . S e c u r i t y C o m m itte e : E. N. M u l l in s , H. E v a n s , C. A. H. R e e d , C. C . E . L. T h o m p s o n , C. H. E v a n s . Regular meetings for receipt of moneys the fourth Wednesday of each-month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Tem porary expense account Cash . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $87,760 5,365 92 2,935 00 00 85 76 $36,153 61 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits $73,423 16,310 2,687 2,056 1,637 23 00 62 92 93 69 43 50 13 52 $96,153 61 BANK COMMISSIONER. No. 8.] Shares. 17 Membership. Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force . 373 85 5 88 507 1,553 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . 61 24 221 86 Profits Distributed. U nm atured Sh ar es . First term, 3 J4%; second term , 3%. Proportion of profits retained on voluntary withdrawals, 2 5 % . Rates and Averages on Loans. 7 9 r e a l estate lo a n s (average, $1,110.89 each; average rate, 6% ): 6%, $87,760. S s h a r e lo a n s (average, $670.62 each; average rate, 6% ); 6%, $5,365. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . . . . . . . . Receipts and Disbursements. Salaries. $250.00 2 .6 0 . . . Other Expenses. $155.72 1.62 Total. $405.72 4 .2 2 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Matured share account Cash on hand October, 1915 $17,924 00 00 00 00 50 49 50 104 05 1,000 00 3,214 10 6,200 11,900 2,250 5,791 256 $48,640 64 D isbu bsem e nts . Dues capital withdrawn . Dues capital forfeited . . . Dues capital matured . . Profits capital withdrawn . Profits capital forfeited . Profits capital matured . Real estate loans . . Share loans . . . . Interest . . . . Tem porary expense . . Matured share account . Cash on hand October, 1916 . . . . . . . . . . $2,945 45 12,144 413 2 5,612 18,400 4,720 16 405 1,000 2,935 00 00 00 98 15 36 00 00 67 72 00 76 Date of Issue. Series. pe^ eare July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July 77 16 90 00 37 10 08 38 95 81 93 31 94 80 90 26 81 59 63 90 39 10 00 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 $193 182 170 160 149 139 129 119 109 100 91 83 74 66 58 51 43 36 29 22 16 10 4 Dues paid in advance . Total Value. 14 25 25 44 36 30 89 38 43 16 21 69 56 37 103 94 59 53 48 141 155 177 180 $2,712 4,554 4,272 7,040 5,377 4,173 11,488 4,536 4,727 1,612 1,930 5,748 4,196 2,471 6,066 4,818 2,584 1,939 1,422 3,228 2,540 1,787 720 78 00 50 00 32 00 12 44 85 96 53 39 64 60 70 44 79 27 24 90 45 70 00 132 00 $90,082 62 $48,640 64 Dues capital Profits capital Unpaid dues $73,423 00 16,310 62 349 00 $90,082 62 D ate op E x a m in a tio n and A ud it , October 16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 18 REPORT OF THE [Pub. Doc. BEVERLY CO-OPERATIVE BANK, BEVERLY. 155 CABOT STREET. Incorporated August 25, 1888. Began business September 18, 1888. C h ar les F. L e e , T r e a su r e r . B o a r d o f D ir e c t o r s : F. E . A l g e r , G. P. B r o w n , S a m u e l C o l e , F. I. C r e s s e t , J. H i l l , C . F. L e e , C . E. O b e r , H. L. O b e r , J o h n P r i n c e , G . F. S t a n d l e t , L. S t i c k n e y , E. S. W e b b e r , H . W . W o o d b e r r y . H. G i r d l e r , J. F. P. S t a n t o n , G. C . G e o r g e P . B r o w n , P r e sid e n t. S e c u r it y C om m itte e : G. P. B r o w n , J. H. G i r d l e r , E . S. W ebber. Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid fines Permanent expense account Tem porary expense account Insurance and taxes paid Cash . . . . . $776,300 17,440 8 300 313 46 30,853 00 00 72 00 17 00 23 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Transfer fees . . . W ithdrawal profits Forfeited share account $678,126 114,112 10,404 17,003 5,526 1 58 29 . . . . . . 00 07 06 29 26 25 51 68 $825,261 12 $825,261 12 Shares. Membership. Issued during year Withdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force . . 3,609 1,660 45 225 . 4,730 . 14,646 A dded during year W ithdrawn during year Members . . ' Borrowers . . . . . . 427 217 1,947 520 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2Jf>%; second term, 2}^% Proportion of profits retained on voluntary withdrawals, 25% on all series not over 5 years old; after 5 years, none. Rates and Averages on Loans. 4 4 0 re a l estate lo a n s (average, $1,764.34 1 0 0 sh a re lo a n s (average, $174.40 each; each; average rate, 5.48%): 5%, $32,050; 5J^%, $744,250. average rate, 5.90%); 5J^%, $2,000; 6%, $15,440. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $1,700.20 .......................................... 2.06 Other Expenses. $1,218.14 1.48 Total. $2,918.34 3 .54 BANK COMMISSIONER. No. 8.] Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans eliminated b y foreclosure . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Tem porary expense Forfeited share account Insurance and taxes Cash on hand October, 1915 $165,881 00 8,050 00 2,300 148,500 15,970 8,550 42,781 1,440 8 395 71 8 10 27,624 00 00 00 00 10 82 50 31 05 00 00 10 $421,589 88 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Tem porary expense Forfeited share account Insurance and taxes Cash on hand October, 1916 19 $69,462 312 33,193 10,871 14 11,647 233,750 19,070 8,693 685 2,889 91 56 30,853 00 00 00 07 85 84 00 00 27 68 39 55 00 23 $421,539 88 Date of Issue. Series. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 Value Shares Total Value. per Share. in Force. $991 00 $198 20 5 10,323 50 187 70 55 17,035 20 177 45 96 167 32 49,526 72 296 157 45 326 51,328 70 36,945 00 147 78 250 28,213 20 138 30 204 129 04 248 32,001 92 120 00 254 30,480 00 53,477 58 111 18 481 25,645 00 102 58 250 94 19 42,385 50 450 47,042 00 86 00 547 78 01 859 67,010 59 729 51,190 38 70 22 62 62 46,464 04 742 39,799 20 55 20 721 47 96 42,972 16 896 24,335 50 40 90 595 20,371 99 34 01 599 20,631 24 27 29 756 21,289 71 1,027 20 73 14 33 15,791 66 1,102 18,542 28 8 09 2,292 1,732 00 2 00 866 716 00 Dues paid in advance . $796,242 07 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $678,126 00 114,112 07 4,004 00 $796,242 07 D ates op E x a m in a t io n and A u d it , April 7-12 inclusive. 3. F. BUTLER CO-OPERATIVE BANK, LOWELL. 416 HILDRETH BUILDING. Incorporated October 30, 1901. H . S t a n l e y C r y s l e r , P r e sid e n t . Began business N ovember 1, 1901. G a r d n e r W . P e a r s o n , T r e a su r e r . D . A b b o t t , E. B . B a r l o w , H. S. C r y s l e r , F. H. P e a r s o n , G. W . P e a r s o n , W. T. P i c k e n , M . G. R o g e r s , W. F. S a n b o r n , J. J. W a r d . B o a r d o f D ir e c t o r s : L . S e c u r i t y C om m itte e : L. D . A b b o t t , G. W. P e a r s o n , W . F. S a n b o r n . Regular meetings for receipt of moneys the first Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $42,850 00 750 00 2,485 42 Dues capital . . . . Profits capital . . . . 5 matured shares represented by certificates Guaranty fund . . . . Surplus . . . . . $39,228 00 5,211 75 1,000 00 390 49 255 18 20 [Pub. Doc, REPORT OF THE Membership. Shares. Issued during year . . . . W ithdrawn during year . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 190 149 12 311 1,069 5 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 30 32 141 49 . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 1M%; second term, V y i % \ third term, 1 % % ; fourth term, 1 } 4 % M S h a r e C e r t if ic a t e s . atured First term, 1%; second term, 1%; third term, 1% ; fourth term, 1%. Proportion of profits retained on voluntary withdrawals, 25% first 3 years; 10% thereafter. Rates and Averages on Loans. 4 4 r e a l estate lo a n s (average, $973.86 each; average rate, 5.41%); 5%, 9 sh a re lo a n s (average, $83.33 each; average rate, 6% ); 6%, $750. $23,200; 5J^%, $4,850; 6%, $14,800. Total Expenses for Year. Salaries. $145.71 3.16 Amount paid for . Cost per $1,000 of assets Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Matured share certificate account . Cash on hand October, 1915 $12,385 3,200 150 2,138 52 1 73 1,000 1,402 00 00 00 18 44 50 80 00 93 $20,403 85 D is b u r se m e n t s. Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Temporary expense Forfeited share account Matured share certificate account . Dividends, matured share certificates . . . . . Cash on hand October, 1916 Total. $223.05 4 .8 4 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Other Expenses. $77.34 1.68 $6,781 1,764 936 670 6,000 490 223 17 1,000 00 00 03 68 00 00 05 00 00 36 67 2,485 42 $20,403 85 Date of Issue. Series. N ov. M ay N ov. M ay N ov. M ay N ov. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Nov. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. 1904 1905 1905 1906 1906 1907 1907 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 7 8 9 10 11 12 13 17 18 19 20 21 22 23 24 25 26 27 29 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 ^ r c e . Total Value. $197 186 176 165 155 146 136 118 113 109 105 100 96 92 88 84 80 76 68 60 56 53 49 45 42 38 35 32 28 25 21 18 15 12 9 6 3 43 68 20 90 94 17 69 28 80 42 06 75 53 36 21 12 10 13 27 69 95 25 59 98 42 91 44 01 63 29 99 73 51 33 19 09 03 3 5 4 5 15 2 7 9 3 8 2 4 18 7 2 10 10 19 1 6 3 10 173 164 48 31 74 15 24 61 34 54 48 32 55 81 22 $592 933 704 829 2,339 292 956 1,064 341 875 210 403 1,737 646 176 841 801 1,446 68 364 170 532 8,579 7,540 2,036 1,206 2,622 480 687 1,542 747 1,011 744 394 505 493 66 29 40 80 50 10 34 83 52 40 35 12 00 54 52 42 19 00 47 27 34 85 50 07 72 16 21 56 15 12 69 66 42 48 56 45 29 66 2 00 Dues paid in advance . $44,987 75 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $39,228 00 5,211 75 548 00 $44,987 75 D ate of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , Ma y 2. 21 BANK COMMISSIONER No. 8. BOSTON CO-OPERATIVE BANK, BOSTON. 53 STATE STREET. Incorporated April 30, 1888. G eorge Began business M ay 2, 1888. G. S . P e r k i n s , P r e s id e n t . T. B o s s o n , T r e a s u r e r . G eorge B o a r d o f D ir e c t o r s: G. T . B o s s o n , C. A. B u s s e l l , E. W. C o x , J. W.- F o s t e r , R o b e r t G r a y , W. L. K e l t , S. H. L ’ h e u r e u x , J. F . M o n a h a n , F . J. M u r p h y , G . G . S. P e r k i n s , E. E. S o d e r g r e n , J o h n T e i n , C . W. W h i t i n g . S e c u r i t y C o m m itte e : G . T. B o s s o n , S. H . L ’ h e u r e u x , F . J. M urphy. Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Unpaid interest . Unpaid fines Permanent expense account Fire insurance Cash . . . . . $1,025,130 39,690 7,850 2,989 3,874 413 533 3 66,494 00 00 00 42 03 58 71 80 79 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account Suspense account $930,980 178,210 19,738 15,069 2,046 933 $1,146,979 33 $1,146,979 33 Membership. Shares. Issued during year Withdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force 00 71 40 78 65 79 . . 5,469 3,438 66 554 . 6,365 . 21,281 Added during year W ithdrawn during year Members . . . Borrowers . . . . . . 496 129 2,282 501 Profits Distributed. U nm atured Sh ar es. First term, 3% ; second term, 2% % . Proportion of profits retained on voluntary withdrawals, 6 years and under 25%; from 6 to 7 years, 20%; from 7 to 8 years, 15%; after 8 years, none. Rates and Averages on Loans. (average, $2,683.59 each; average rate, 5.60%): 5%, $288,380; 534%', $119,900; 5J4%i $100,500; 5% % , $31,900; 6%, $426,200; 6M % . $28,750; 6 H % , $10,700; 6M % , $17,800; 7% , $600; 8 J4%. $400. 2 7 9 s h a re lo a n s (average, $142.26 each; average rate, 5.80%): 5%, $9,060; 5 } 4 % , $650; 5)4% . $3,320; 5 % % , $3,400; 6%, $15,850; 6M % , $3,480; 6)4% , $280; 6 % % , $2,300; 7%, $1,060; 7M % , $280; 16%, $10. 3 8 2 r e a l estate lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $3,840.00 3 .35 Other Expenses. $2,803.90 2.44 Total. $6,643.90 5.79 22 REPO RT OF THE [Pub. Doc, Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure . Real estate loans eliminated b y maturity of shares Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Profits capital Forfeited share account Insurance . . . . Surplus . . . . Suspense account Cash on hand October, 1915 $252,984 00 2,600 00 11,700 236,400 31,660 2,500 6,028 63,076 2,553 4 2,766 11 3,330 7 85 1,204 46,003 00 00 00 00 81 35 12 75 42 20 29 50 73 95 96 $662,917 08 D is b u r s e m e n t s . . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Mortgages . . . . Real estate by foreclosure Interest . . . : Tem porary expense Permanent expense Forfeited share account Fines . . . . Surplus . . . . Suspense account Cash on hand October, 1916 $118,418 4,346 79,673 19,415 1,427 30,982 299,350 25,540 2,300 5,454 613 6,243 933 1,440 00 00 00 85 28 78 00 00 00 87 62 90 71 45 20 155 56 127 07 66,494 79 Bate of Issue. Series. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 Value per Share. $191 20 180 50 170 05 159 79 149 78 140 00 130 41. 120 96 111 84 102 89 94 22 85 74 77 49 69 43 61 60 54 00 46 56 39 34 32 31 25 47 18 83 12 37 6 10 Shares in Force. Total Value. 225 $43,020 00 324 58,482 00 253 43,022 65 192 30,679 68 319 47,779 82 258 36,120 00 249 32,472 09 621 75,116 16 379 42,387 36 674 69,347 86 597 56,249 34 547 46,899 78 794 61,527 06 806 55,960 58 1,295 79,772 00 1,043 56,322 00 1,162 54,102 72 1,268 49,883 12 1,629 52,632 99 1,600 40,752 00 2,094 39,430 02 2,164 26,768 68 2,788 17,006 80 Dues paid in advance . 1,094 00 $1,116,828 71 ' Dues capital Profits capital Unpaid dues $930,980 00 178,210 71 7,638 00 $1,116,828 71 $662,917 08 D ates of E x a m in a t io n and A u d it , January 18-27 inclusive. BRAINTREE CO-OPERATIVE BANK, SOUTH BRAINTREE. 30 POND STREET. Incorporated June 24, 1889. Ja m e s T . S t e v e n s , P r e s id e n t . Began business October 15, 1889. C h ar les B. C u m m in g s , T r e a s u r e r . B o a r d o f D ir e c t o r s : C. B. C u m m in g s , C . R. C u m m in g s , H. W. D o a n e , W. H. F o s s , J o h n G a i i i v a n , M . C . G i l l e t t e , J. H. K i l b r i t h , H. W . M a n s f i e l d , F . G . P e n n o c k , W. A . R oss, E d w a r d S h a y , H. S. S n o w , G. W. S t e v e n s , J. T . S t e v e n s , A. S. T h a y e r . S e c u r it y C om m itte e : J. T . S t e v e n s , A . S . T h a y e r , J. H. K i l b r it h . Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1516. Liabilities. Assets. Loans on real estate Loans on shares . Permanent expense account Tem porary expense account Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $211,580 4,055 5 435 4,510 00 00 00 09 77 $220,585 86 Dues capital Profits capital Guaranty fund . Surplus Interest Premiums . Fines Transfer fees Withdrawal profits Forfeiture profits Suspense acoount . $172,483 35,543 2,866 4,479 4,473 281 224 00 78 96 34 23 40 97 50 194 32 36 42 1 94 $220,585 86 No. 8.] BANK COM M ISSIONER. 23 Membership. Shares. Issued during year Withdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force 764 357 10 150 1,229 3,449 . . Added during year Withdrawn during year Members . . . Borrowers . . . . . 72 44 372 124 . . Profits Distributed. U n m a t u b e d Sh a r e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Bates and Averages on Loans. 1 1 5 r e a l estate lo a n s (average, $1,839.83 1 4 s h a re lo a n s (average, $289.64 each; each; average rate, 6.30%): 6.30%, $211,580. average rate, 6.30%): 6.30%, $4,055. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . . . . . . . . . Receipts and Disbursements. Withdrawal profits Forfeited profits . Temporary expense Matured share account $41,647 00 5,900 33,100 3,445 13,362 673 487 1 290 36 30,144 30 1,643 429 8,574 Personal accounts Suspense account Cash on hand October, 1915 00 00 00 49 60 17 25 52 42 23 88 00 50 96 39 $139,766 41 D is b u r s e m e n t s . $9,137 530 21,000 1,153 145 8,997 56,675 3,815 384 1,195 30,144 1,643 433 4,510 Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdra wn Profits capital forfeited Profits capital matured Real estate loans Share loans Interest . . . . Temporary expense Matured share account Personal accounts Suspense account Cash on hand October, 1916 Salaries. Other Expenses. $1,000.00 $195.11 4 .5 3 ' .88 00 00 00 98 70 00 00 00 45 34 88 50 79 77 Date of Issue. Series. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , Value $191 179 168 158 147 137 127 118 109 100 91 83 74 66 59 51 44 37 30 23 17 11 5 Dues paid in advance . 29 94 92 22 83 75 96 46 23 27 57 13 93 97 24 74 46 39 52 85 38 10 00 Shares 51 141 59 80 103 57 63 107 44 41 92 105 138 118 142 265 187 232 269 191 328 340 296 Total Value. $9,755 25,371 9,966 12,657 15,226 7,851 8,061 12,675 4,806 4,111 8,424 8,728 10,340 7,902 8,412 13,711 8,314 8,674 8,209 4,555 5,700 3,774 1,480 79 54 28 60 49 75 48 22 12 07 44 65 34 46 08 10 02 48 88 35 64 00 00 380 00 $209,090 va Dues capital Profits capital Unpaid dues $139,766 41 D Total. $1,195.11 5.41 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid . . September 6-9 inclusive. $172,483 00 35,543 78 1,064 00 $209,090 7 b 24 REPO RT OF THE [Pub. Doc. BRIDGEWATER CO-OPERATIVE BANK, BRIDGEWATER. 25 CENTRAL SQUARE. Incorporated M ay 27, 1902. Began business June 16, 1902. H o l l is M . B l a c k s t o n e , P r e sid e n t. H a r r y A . C l a r k , T r e a su r e r . B o a r d o f D ir e c t o r s : G. J. A l c o t t , W i l l i a m B a s s e t t , H. M . B l a c k s t o n e , R. J. C a s e y , H. A. C l a r k E. L. C o o k , A. E. C o x , Jr., J. H. F a i r b a n k s , A. F . F i e l d , Jr., W. P. H u t c h i n s o n , W D J a c k s o n , H . L. J e n k i n s , J o h n M a y o , W. H . O ’ D o n n e l l , W . S. P r o p h e t t , F . E . S w e e t , F r e d e r ic k W a i t e , A. H . W i l l i s . S e c u r i t y C om m itte e : W il l ia m B a ssett, W. S. P r o p h e t t , W. P . H u t c h i n s o n . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Permanent expense account Tem porary expense account Cash . . . . Liabilities. . . $100,175 885 340 , 323 13,475 00 00 26 94 37 Dues capital . . . . Profits capital 8 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus Interest . . . Fines Transfer fees Withdrawal profits Forfeited share account $115,199 57 $94,870 00 11,711 12 1,600 2,313 1,812 2,688 126 1 68 7 00 40 17 71 99 00 31 87 $115,199 57 Shares. Membership. Issued during year . Withdrawn during year Matured during year Shares now pledged Shares in force Matured shares represented by certificates 2,767 555 11 542 4,112 8 Added during year Withdrawn during year Members . . . Borrowers . . . . . 425 75 622 75 . . Profits Distributed. U nm atured Sh ar es. First term, 2J^%; second term, 2 M atured S h a r e C e r t if ic a t e s . First term, 2J4%; second term, 2 x/ i % . Proportion of profits retained on voluntary withdrawals, 25% for first 5 years. Rates and Averages on Loans. 7 6 re a l estate lo a n s (average, $1,318.09 each; average rate, 6% ): 6%, 6 sh a re lo a n s (average, $147.50 each; average rate, 6% ): 6%, $885. $100,175. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $425.31 3.69 Other Expenses. $257.27 2 .23 Total. $682.58 5.92 BANK COMMISSIONER. No. 8.] 25 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Shares Date of Issue. Series. ^ A h lr e . in Force. Total Value. Dec. 1904 6 $190 87 3 $572 61 June 1905 180 42 17 7 3,067 14 Dec. 1905 170 22 10 8 1,702 20 160 26 9 June 1906 9 1,442 34 51 Dec. 1906 10 150 54 7,677 54 June 1907 11 141 07 ‘ 89 12,555 23 Dec. 1907 12 131 83 36 4,745 88 122 81 5 June 1908 13 614 05 114 02 39 Dec. 1908 14 4,446 78 105 43 June 1909 15 16 1,686 88 Dec. 1909 16 97 04 36 3,493 44 17 19 June 1910 88 87 1,688 53 2,912 76 Dec. 1910 18 80 91 36 19 73 14 29 2,121 06 June 1911 65 56 5,507 04 Dec. 1911 20 84 21 58 15 66 3,837 90 June 1912 22 Dec. 1912 50 92 87 4,430 04 June 1913 23 43 88 171 7,503 48 24 37 01 8,882 40 Dec. 1913 240 5,391 62 June 1914 25 30 29 178 4,152 75 Dec. 1914 26 23 73 175 27 17 33 196 3,396 68 June 1915 11 09 535 5,933 15 Dec. 1915 28 5 00 9,925 00 29 1,985 June 1916 $36,559 00 Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits M atured share account Matured share certificate account . Profits capital . . . . Surplus . . . . . Cash on hand October, 1915 600 11,600 243 5,821 282 1 96 2,202 600 00 00 00 85 16 25 17 49 00 20 08 2,869 62 $60,875 82 D is b u r se m e n t s. $11,269 1,606 1,318 578 28,675 898 18 652 129 2,202 Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Tem porary expense Permanent expense Matured share account Dividend on matured share certifi cates . . . . . Cash on hand October, 1916 00 00 77 34 00 00 15 58 62 49 Suspense profits . Dues paid in advance . 4 62 101 00 $107,792 12 52 50 13,475 37 $60,875 82 Dues capital Profits capital Unpaid dues $94,870 00 11,711 12 1,211 00 $107,792 12 D ate of E x a m in a t io n and A u d it , M ay 29. BRIGHTON CO-OPERATIVE BANK, BOSTON. 581 WASHINGTON STREET (BRIGHTON DISTRICT1). Incorporated M ay 17, 1911. H orace G. M acD o ugall, P r e sid e n t . Began business M ay 22, 1911. D a v id H. W ells, T rea su rer. B o a r d o f D ir e c t o r s : H. W . A s k e n a s y , F. E. C r i t c h e t t , M a r t in H a y s , C. H . H o d g e , T h o m a s K i n g , J. T. K n o w l e s , H. G. M a c D o u g a l l , L. J. M a r s t e r s , J. W . M i l n e , W . H. P a r k e r , D . L . P r e n d e r g a s t , J. B. R u s s e l l , P . T . S p r a g u e , D . H . S t e w a r t , D . H . W e l l s . S e c u r it y C om m itte e : F. E . C r i t c h e t t , C. H . H o d g e , J. T. K n o w l e s . Regular meetings for receipt of moneys the second Wednesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 26 REPO RT OF THE [Pub. Doc. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Cash . . . Liabilities. $83,450 00 4,131 00 3,400 51 . Dues capital Profits capital Guaranty fund Surplus . . . . . . . . . . . . . . . . . $90,981 51 $80,861 8,936 511 672 00 68 65 18 $90,981 51 Shares. Membership. Issued during year W ithdrawn during year Shares now pledged Shares in force . 953 440 710 2,766 A dded during year Withdrawn during year Members . . . Borrowers . . . 97 38 286 52 . . Profits Distributed. U nm atured Sh ar e s . First term, l % % \ second term, l % % ] third term , i y % % ', fourth term, 1% % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 2 8 re a l estate lo a n s (average, $2,980.36 2 9 sh a re lo a n s (average, $142.45 each; each; average rate, 6% ): 6%, $82,950; 6 % % , $500. average rate, 6% ): 6% , $4,131. Total Expenses for Year. Salaries. $220.00 2.42 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. $31,814 15,900 4,200 5,077 3 147 166 5 9,646 00 00 00 05 60 64 09 00 06 $66,959 44 D isbu r se m e n t s . Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans . . . Tem porary expense Permanent expense Cash on hand October, 1916 . $9,996 875 47,400 4,766 431 90 3,400 Total. $521.39 5 .7 3 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . . Premiums . . . . . Fines . . . . . W ithdrawal profits Application fees . Cash on hand October, 1915 Other Expenses. $301.39 3.31 00 54 00 00 39 00 51 $56,959 44 Date of Issue. Series. M ay Nov. Ma y Nov. Feb. M ay Aug. Nov. Feb. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. 1911 1911 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 Value $77 69 61 53 50 46 42 39 35 32 28 25 22 18 15 12 9 6 3 Dues paid in advance . 16 18 39 81 09 42 80 23 71 24 81 43 10 81 57 37 21 10 03 _ Shares 260 199 63 140 122 81 80 108 57 117 28 128 236 184 100 271 319 87 186 Total Value. $20,061 13,766 3,867 7,533 6,110 3,760 3,424 4,236 2,035 3,772 806 3,255 5,215 3,461 1,557 3,352 2,937 530 563 60 82 57 40 98 02 00 84 47 08 68 04 60 04 00 27 99 70 58 89 00 $90,337 68 Dues capital Profits capital Unpaid dues $80,861 00 8,936 68 540 00 $90,337 68 D ates op E x a m in a tio n an d A u d it , April 6, 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER. No. 8.] 27 BROOKLINE CO-OPERATIVE BANK, BROOKLINE. 1 HARVARD STREET. Incorporated M arch 13, 1895. Jo h n Began business M ay 2, 1895. W . S h i e l d s , P r e sid e n t . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : B. M E mery oore, C. A. B o w d it c h , W . L. C a m e , C. A. D e l a n o , W . S. K e m p , E. B. M O ’H e a r n , W . D . P a i n e , E. A . H o b a r t , J. W . S h ie l d s . T r e a su r e r . oore, M . J. C. A. B o w d it c h , J. W . S h ie l d s , C. A. D e l a n o , M . J. O ’H e a r n , W . D . P a i n e , E . A. R o babt. Regular meetings for receipt of moneys the first Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . Unpaid fines Personal accounts Cash . . . . . $567,800 18,700 762 1,126 144 181 39,285 00 00 75 61 34 83 08 . Dues capital Profits capital Guaranty fund . Surplus . . . . Forfeited share account $507,385 93,205 11,056 16,328 25 00 31 97 33 00 $628,000 61 $628,000 61 Membership. Shares. . . 2,688 1,179 16 218 . 3,257 . 11,171 Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . 283 138 1,184 251 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2 % % ; second term, 2J|%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 2 0 9 re a l estate lo a n s (average, $2,716.75 6 9 sh a re lo a n s (average, $271.01 each; each; average rate, 5 M % ) : 5 H % , $567,800. average rate, 53^%): 5Ri%, $18,700. Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,995.13 3.17 Other Expenses. $1,100.30 1.75 Total. $3,095.43 4 .9 2 28 REPO RT OF THE Receipts and Disbursements. [Pub. Doc, Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate by foreclosure Interest . . . . Fines . . . . Withdrawal profits Forfeited profits . Forfeited share account Profits capital . . . . Surplus Cash on hand October, 1915 $132,820 00 9,925 70,700 14,050 7 31,453 841 1,254 17 132 2 155 17,413 00 00 00 48 56 76 17 86 79 92 03 31 $278,773 88 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Temporary expense Forfeited share account Personal accounts Surplus . . . . Fines . . . . Cash on hand October, 1916 $39,630 394 31,563 5,529 71 11,999 130,850 15,900 15 120 3,095 132 181 2 2 39,285 00 00 00 27 65 54 00 00 30 25 43 79 83 92 82 08 Date of Issue. Series. Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 Value per Share. $199 24 188 34 177 71 167 36 157 26 147 39 137 76 128 36 119 22 110 27 101 53 93 03 84 72 76 62 68 73 61 04 53 51 46 20 39 08 32 14 25 36 18 77 12 34 6 09 inForce. Total Value. 128 85 156 109 169 125 195 199 257 215 292 310 290 2$4 525 636 570 807 712 803 635 1,280 1,289 1,100 Dues paid in advance . of E x a m in a t io n and A u d it , 72 90 76 24 94 75 20 64 54 05 76 30 80 08 25 44 70 40 96 47 60 60 26 00 709 00 $603,812 31 Dues capital Profits capital Unpaid dues $507,385 00 93,205 31 3,222 00 $278,773 88 D ates $25,502 16,008 27,722 18,242 26,576 18,423 26,863 25,543 30,639 23,708 29,646 28,839 24,568 21,760 36,083 38,821 30,500 37,283 27,824 25,808 16,103 24,025 15,906 6,699 $603,812 31 M ay 8-11 inclusive. CAMBRIDGE CO-OPERATIVE BANK, CAMBRIDGE. 309 CAMBRIDGE STREET, EAST CAMBRIDGE. Incorporated September 5, 1877. Began business September 12, 1877. F r e d A . O b e r , P r e sid e n t. B o a r d o f D ir e c t o r s : F. J. C a l l a h a n , J. S. C o n d in h o , T. J. C o n r o y , J. S. K e n n e y , W . E. K n i g h t , E. J. M a r t i n , J. P. M c C a b e , J. F. A. O b e r , H e n r y R e n o , J. L. R y a n , F. W . S l e e p e r . S e c u r it y C om m itte e : F r e d W . Sl e e p e r , T r e a su r e r . J. J. D o n a h u e , A. A. F e r r e i r a , P. M c C o r m i c k , P. F. M c G e a r y , T. J. C o n r o y , E. J. M a r t i n , J. L. R y a n . Regular meetings for receipt of moneys the second Wednesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. 29 STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Suspense account Cash . . . Liabilities. $82,549 2,260 219 1,061 4,647 . 65 00 15 04 15 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . . Security committee . . . . $73,704 12,996 1,433 2,573 30 . . . . $90,736 99 00 14 01 84 00 $90,736 99 Shares. Membership. Issued during year W ithdrawn during year Matured during year Shares now pledged Shares in force . 737 267 56 543 1,969 Added during year Withdrawn during year Members . . . Borrowers . . . . . 96 37 276 65 . . Profits Distributed. U n m a t u r e d Sh a r e s . ' First term, 2 Y j. % ', second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 33 % % . Rates and Averages on Loans. o o real estate lo a n s (average, $1,500.90 each; average rate, 6% ): 6%, 1 0 sh a re lo a n s (average, $226 each; average rate, 6% ); 6%, $2,260. $82,549.65. Total Expenses for Year. Salaries. $380 00 4 19 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Other Expenses. $417.05 4 .60 Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Interest Premiums . . . . . lin e s . . . . . Transfer fees Withdrawal profits Security committee Cash on hand October, 1915 $21,739 00 5,200 11,150 2,315 4,775 3 121 2 169 22 4,690 00 00 00 82 80 47 50 74 00 39 $50,189 72 D isb u r se m e n t s. Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans Interest . . . . . Tem porary expense Security committee Cash on hand October, 1916 Total. $797.05 8.79 $5,339 8,236 509 3,079 26,299 1,180 72 797 30 4,647 00 00 31 52 65 00 04 05 00 15 $50,189 72 Date of Issue. Series. N ov. M ay Nov. M ay Nov. Ma y N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. Ma y Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 V*!ue $196 186 175 165 155 145 136 127 118 109 100 92 84 76 68 61 53 46 39 32 25 18 12 6 Dues paid in advance . 85 13 58 42 47 81 33 12 17 46 94 61 47 51 77 13 66 36 21 22 40 78 35 10 Shares 17 41 14 21 19 13 5 35 44 18 34 32 50 65 63 58 78 71 107 144 157 216 268 399 Total Value. $3,346 7,631 2,458 3,473 2,953 1,895 681 4,449 5,199 1,970 3,431 2,963 4,223 4,973 4,332 3,545 4,185 3,291 4,195 4,639 3,987 4,056 3,309 2,433 45 33 12 82 93 53 65 20 48 28 96 52 50 15 51 54 48 56 47 68 80 48 80 90 83 00 $87,713 14 Dues capital Profits capital Unpaid dues $73,704 00 12,996 14 1,013 00 $87,713 14 D ates op E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , November 21, 22. R E PO R T OF THE 30 [Pub. Doc. CAMPELLO CO-OPERATIVE BANK, BROCKTON. 1106 MAIN STREET. Incorporated October 3, 1877. E dward H. K e it h , Began business October 8, 1877. W P r e sid e n t. il l ia m B. N a s h , T r e a su r e r . B o a r d o f D ir e c t o r s : T. F . C r o w e l l , A. E. C u s h in g , H a r r y D u n b a r , E. B. F a n n i n g , F . R. H a y w a r d , M . E. H o l m e s , G. M . H o w a r d , E . A. K e i t h , E. II. K e i t h , A. B. M a r s t o n , 3d, C. E. M o o r e , W . B. N a s h , W . T. P a c k a r d , F . W . P a r k , H . C. R i p l e y , W . H . R o l l i n s , F . M . W a d e , H . H . W il l ia m s . S e c u r i t y C o m m itte e : H . C. R i p l e y , F. R . H a y w a r d , M . E. H olm es. Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Unpaid fines Tem porary expense account Insurance and taxes paid Real estate sales b y agreement Cash . . . . . $1,087,240 38,750 1,300 3,045 283 570 303 367 67,315 00 00 00 07 48 65 27 50 28 Dues capital . Profits capital . Guaranty fund . Surplus . . Interest . . Premiums . Transfer fees . Withdrawal profits Forfeiture profits R ent account . . . . . . . . . $975,561 185,507 17,300 19,036 1,255 1 00 18 00 04 56 06 50 506 59 1 32 6 00 . . . . . . . . . . . . . $1,199,175 25 $1,199,175 25 Shares. Membership. . . 5,655 3,110 6 . 1,107 77 . 6,486 . 23,612 Issued during year Withdrawn during year Forfeited during year Retired during year Matured during year Shares now pledged Shares in force Added during year Withdrawn during year Members . . . Borrowers . . . . . . 345 245 2,180 687 Profits Distributed. U nm atured Sh ar es. First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on series from 5 to 8 years; after 8 years, none. Rates and Averages on Loans. 6 1 4 re a l estate lo a n s (average, $1,770.75 each; average rate, 6% ): 6%, $1,077,040; 1 2 6 s h a re lo a n s (average, $307.54 each; average rate, 6% ): 6%, $38,750. 6.02%, $10,200. Total Expenses for Year. Am ount paid for . . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . . . . . Salaries. $2,726.15 2 .2 7 Other Expenses. $886.67 .74 Total. $3,612.82 3.01 No. 8. BANK COMMISSIONER. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Real estate loans eliminated b y foreclosure . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Premiums . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Tem porary expense Profits capital . . . . Insurance and taxes Rent account . . . . Surplus . . . . . Real estate agreements Cash on hand October, 1915 $279,273 00 1,200 00 15,100 317,650 44,800 4,210 10,649 70,981 25 2,157 13 2,117 1 165 40 430 106 110 3,685 1,716 31 00 00 00 75 85 15 19 99 00 21 32 36 58 94 00 67 50 85 $754,435 36 Date of Issue. Series. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 Value per Share. $199 24 187 55 176 19 165 15 154 44 144 03 133 94 124 14 114 63 105 38 96 41 87 70 79 24 71 03 63 05 55 32 47 80 40 50 33 42 26 55 19 88 13 40 7 11 1 00 Shares Total Value. in Force. $8,766 56 44 5,251 40 28 6,342 84 36 41 6,771 15 90,656 28 587 563 81,088 89 54,781 46 409 58,718 22 473 72,560 79 633 66,705 54 633 69,704 43 723 74,457 30 849 796 63,075 04 1,154 81,968 62 71,687 85 1,137 1,034 57,200 88 1,210 57,838 00 1,142 46,251 00 61,325 70 1,835 37,807 20 1,424 36,261 12 1,824 36,742 80 2,742 19,204 11 2,701 1,594 00 1,594 D isbu rsem ents . Dues cariital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans . . . Interest . . . . R eal estate b y foreclosure Interest on matured and shares . . . . Tem porary expense Permanent expense Forfeited share account Insurance and taxes Real estate agreements Surplus . . . . Cash on hand October, 1916 . . retired . . $104,470 36 130,726 10,783 15,061 5 44,052 4,665 323,165 41,600 99 2,192 00 00 00 00 11 28 12 61 00 00 75 78 2,296 3,653 124 34 648 3,500 8 67,315 79 88 30 19 69 00 58 28 Dues paid in advance . Dues capital Profits capital Unpaid dues $754,435 36 D ates of E x am in a tio n and A u d it , July 21-28 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 804 00 $1,167,565 18 $975,561 00 185,507 18 6,497 00 $1,167,565 18 32 REPO RT OF THE [Pub. Doc. CANTON CO-OPERATIVE BANK, CANTON. 537 WASHINGTON STREET. Incorporated January 10, 1891. Began business February 10, 1891. John B. R obinson , P r e sid e n t . Ja m es E . G himes , T r e a su r e r . B o a r d o f D ir e c t o r s : R obert B ir d , E . C. B r itton , H . W . C ur tis , W . S. D raper , John E v e r e t t , M . H . G a ll ig a n , J. E . G r im es , P. M . L e a v it t , H ugh M cP h erson , J. A . O’L e a r y , J. B. R ob L. E . S m ith , F. D . S u m n e r , D . G. T r ayer s , J. W . W att le s . inson , S e c u r i t y C om m itte e : J. B. R obinson , R obert B ird , E. C. B ritton , John E v e r e t t , D . G. T r aver s . Regular meetings for receipt of moneys the second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate by foreclosure, etc. Unpaid interest, . Unpaid premiums Unpaid fines Tem porary expense account Cash . . . . Liabilities. . $504,300 20,900 5,350 31,551 2,534 127 247 264 12,168 00 00 00 94 55 95 80 77 39 . Dues capital Profits capital Guaranty fund . Surplus Interest Premiums . Fines Transfer fees Withdrawal profits Forfeiture profits Forfeited share account Matured share account $444,476 97,946 6,008 3,222 8,812 452 339 1 398 2 553 15,231 00 53 85 78 29 10 26 75 64 34 70 16 $577,445 40 $577,445 40 Membership. Shares. . Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force 1,660 936 41 415 3,117 8,950 . Added during year Withdrawn during year Members . . . Borrowers . . . . . . . . 115 109 1,035 368 Profits Distributed. U nm atured Sh ar e s . First term, 3Vio%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 3 3 1 real estate lo a n s (average, $1,523.56 47 sh a re lo a n s (average, $444.66 each; each; average rate, 6.30%); 6.30%, $504,300. average rate, 6.30%); 6.30%, $20,900. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . Salaries. Other Expenses. $1,000.00 $298.53 1.73 .52 Total. $1,298.53 2 .2 5 No. 8.] BANK COMMISSIONER. 33 \ Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Premiums . . . . Fines . . . . Transfer fees W ithdrawal profits Forfeited profits . Matured share account Guaranty fund . Cash on hand October, 1915 $107,058 00 6,050 00 16,200 79,550 23,080 50 6,981 32,798 1,670 1,062 4 1,302 11 38,095 639 8,191 00 00 00 00 18 11 65 70 75 60 94 72 36 93 $322,746 94 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Tem porary expense Matured share account Guaranty fund . Cash on hand October, 1916 $33,556 552 57,270 5,207 47 25,935 116,150 23,820 9,654 418 1,298 35,902 766 12,168 00 00 00 51 27 43 00 00 07 18 53 81 75 39 Date of Issue. Series. p™ ^ re. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 $191 179 168 157 147 136 126 117 107 98 90 81 73 65 57 49 42 35 28 21 15 9 3 48 88 66 72 13 85 92 29 91 86 09 56 27 23 44 89 57 46 57 89 40 10 00 Total Value. 146 252 181 274 213 199 174 194 170 227 278 348 356 396 502 470 507 593 650 650 698 846 626 $27,956 45,329 30,527 43,215 31,338 27,233 22,084 22,754 18,344 22,441 25,045 28,382 26,084 25,831 28,834 23,448 21,582 21,027 18,570 14,228 10,749 7,698 1,878 08 76 46 28 69 15 08 26 70 22 02 88 12 08 88 30 99 78 50 50 20 60 00 464 00 Dues paid in advance . $545,050 53 Dues capital Profits capital Unpaid dues . $444,476 00 97,946 53 2,628 00 $545,050 53 $322,746 94 D ates of E xam in a tio n and A ud it , M ay 5 -1 0 inclusive. CENTRAL CO-OPERATIVE BANK, SOMERVILLE. 78 CENTRAL STREET. Incorporated January 15, 1915. C h ar les E. M on g a n , P r e sid e n t . Began business February 1, 1915. Joh n J. M cC a r t h y , A c t i n g T r e a su r e r . G. M . B a r n u m , W . F. B e n n e t t , J. H . B r in e , J. W . C am pbell , M . H . D e w ir e , P rimo D iozzi , J. F. E l k in s , J. J. H u r l e y , J. H . K e ll e y , M . T . K e n n e d y , J. A . K il e y , J. E. L ocatelli , J. F. M c C a r t h y , J. J. M cC a r t h y , J. J. M cC a r t h y , J. M . M cC a r t h y , M . J. M cG u ir e , J. M . M e a d , C. E . M ongan , D . B. M ulca h ey , J. J. M ur p h y , C. E. P ow er s , T. F. R in g er , F. M . R ogers , M . J. R y a n , B. P. Sa w y e r , W . J. Sh a n a h a n , C. H . Sh e a , F. B. Sm it h , T . F. T r ac y , M . W . W h it e . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : T . F. T r ac y , J. F. E l k in s , J. E . L ocatelli , J. J. M cC a r t h y , J. J. M cC a r t h y . Regular meetings for receipt of moneys the fourth M onday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 34 REPO RT OF THE [Pub. Doc. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Permanent expense account Cash $39,550 825 395 6,937 00 00 10 32 $45,654 1,936 83 34 Dues capital Profits capital Guaranty fund . Forfeited share account 00 32 10 00 $47,707 42 $47,707 42 Membership. Shares. Issued during year W ithdrawn during year Forfeited during year . Shares now pledged Shares in force . 858 423 47 218 2,853 A dded during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 108 122 546 33 Profits Distributed. U nm atured S h ar e s . First term, 1J4 % \ second term, 1M % ! third term, 1M % ! fourth term, 1\ i % . Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. 17 re a l estate lo a n s (average, $2,326.47 each; average rate, 5 * 4 % ) : 5 } 4 % , 1 6 sh a re lo a n s (average, $51.56 each; average rate, 5 } 4 % ) . 5 } 4 % > $825. $39,550. Total Expenses for Year. Salaries. Other Expenses. $377.87 7 .92 Amount paid for . Cost per $1,000 of assets Total. $377.87 7.92 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Value Shares Date of Issue. Series. per Share. in Force. Total Value. $33,849 20 $21 98 1,540 1 Feb. 1915 4,492 80 240 2 18 72 M ay 1915 272 4,216 00 15 50 3 Aug. 1915 142 4 12 32 1,749 44 N ov. 1915 5 300 2,754 00 9 18 Feb. 1916 195 1,185 60 6 6 08 M ay 1916 164 495 28 7 3 02 Aug. 1916 Dues capital . . . Real estate loans repaid Share loans repaid Contingent fund Interest . . . . Security committee Fines . . . . Transfer fees . . . Withdrawal profits Forfeited profits . . . Temporary expense Forfeited share account Profits capital . . . Temporary expense Cash on hand October, 1915 . . . . . . $31,289 2,400 625 51 1,849 50 213 3 27 4 83 210 00 00 00 00 05 00 25 75 46 74 75 24 40 12 50 3,753 09 $40,573 23 Dues paid in advance . Dues capital Profits capital Unpaid dues $3,845 209 128 5 27,350 1,380 367 55 243 00 00 93 69 00 00 19 41 29 40 51 00 6,937 32 $40,573 23 D ates of E x a m in a tio n and A u d it , October 9, 10. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $45,654 00 1,936 32 1,300 00 $48,890 32 D isbu rse m e n ts . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Temporary expense Permanent expense Forfeited share account Fines . . . . . Contingent fund Cash on hand October, 1916 148 00 $48,890 32 BANK COMMISSIONER, No. 8.] 35 CHAIR-TOWN CO-OPERATIVE BANK, GARDNER. 14 MAIN STREET. Incorporated January 22, 1915. Began business January 26, 1915. Otto W . Sie b e r t , P r e sid e n t . F r an k B. E dgell , T r e a su r e r . M . E. S. A nderholm , G. W . B ou rn , E . M . B r o w n , E. F. B r ain a r d , A . B . B r ya n t , E . A. B rooks , F. L. B u tler , W . H. C arroll , J. P. C a r n e y , H. H . C oh en , E . W . C rouch , A. J. C y r , J. W . D a v is , D . D . D ora , F. B. E dgell , E. E k blad , P. G ram mont , G . S. H odqman , W . J an iszew sk i , J. B. K e ll e y , G. A . K e yw o r th , J. K u c yzin sk i , N. M a k k i , R . L. N egus , C . P. P earson , L. E . R obillard , A . R osenberg , O. W . S ie be r t , J. H . L. S m ead , L. E. S m ith , A. H . S t o n e , J. O. T orppa , C. E . T hompson , G l en U nd erw o od , W . J. W h itt a k e r , S olon W ilder . B o a r d o f D ir e c t o r s : S e c u r it y C o m m itte e : O. W . Sie be r t , L. E . R obillard , R . L. N egus , J. W . D a v is , G. W . B ourn . Regular meetings for receipt of moneys the fourth Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Permanent expense account Tem porary expense account Cash . . . . Liabilities. $60,950 1,060 640 100 4,112 00 00 63 86 55 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Premiums . . . . Fines . . . . Transfer fees . . . Withdrawal profits Forfeited share account . . . . . . . . $63,473 2,012 37 75 1,133 13 71 00 52 91 10 14 72 91 50 40 05 6 19 $66,864 04 $66,864 04 Shares. Issued during year W ithdrawn during year Forfeited during year . Shares now pledged Shares in force Membership. . . 1,343 768 8 417 3,955 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . 181 146 642 52 Profits Distributed. U nm atured S h ar e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. S 7 re a l estate lo a n s (average, $1,647.29 each; average rate, 6% ); 6%, 1 5 sh a re lo a n s (average, $70.66 each; average rate, 6% ); 6%, $1,060. $60,950. Total Expenses for Year. Am ount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $50.00 .74 Other Expenses. $279.90 4 .1 9 Total. $329.90 4 .9 3 REPO RT OF THE 36 [Pub. Doc. Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital . . Real estate loans eliminated b y foreclosure _ . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest Premiums . Fines Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Cash on hand October, 1915 $45,332 00 1,500 8,550 462 1,617 2,825 23 236 1 75 1 6 481 00 00 00 96 96 60 39 50 50 16 19 60 $61,113 86 Date of Issue. Series. per Va™e •StForce. ares Total Value. Share, in $40,690 80 $22 86 1,780 1 Jan. 1915 17,422 57 1,063 2 16 39 July 1915 6,635 70 657 10 10 3 Jan. 1916 1,820 00 4 00 455 4 July 1916 Suspense profits . Dues paid in advance 1 45 458 00 $67,028 52 $63,473 00 2,012 52 1,543 00 Dues capital Profits capital Unpaid dues $67,028 52 D isbu rse m e nts . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans Real estate b y foreclosure Tem porary expense Permanent expense Cash on hand October, 1916 $7,086 56 221 3 46,105 1,449 1,617 266 196 4,112 00 00 06 12 00 00 96 92 25 55 $61,113 86 D a te of E xam in a tio n and A u d it , July 21. CHARLESTOWN CO-OPERATIVE BANK, BOSTON. 8 CITY SQUARE (CHARLESTOWN DISTRICT). Incorporated April 30, 1913. John J. M a h o n e y , P r e sid e n t . Began business June 7, 1913. John J. F rancis , T r e a su r e r . T . J. B u c k l e y , J. H . C o n le y , W . J. C um mings , J. J. D o n ah u e , J. J. F r an cis , J. T. G allagh er , H . E. G illm o re , C. S. H a r l o w , G . T . H or an , D . J. H u r l e y , J. H . K in g , J. J. M a h o ne y , L. D . M u l le n , J. P. O ’R iordan , W . H . Q u ig le y , F. P. S il v a , C . S. S u l l iv a n , J. H . W il so n . B o a r d o f D ir e c t o r s : W . H . B r e e n , S e c u r i t y C om m itte e : J. J. D o n ah u e , J. J. M a h o n e y , G . T . H oran , J. H . K in g , J. H . W il so n . Regular meetings for receipt of moneys the first Saturday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Tem porary expense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $37,050 1,790 14 6,765 00 00 80 32 $45,620 12 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Withdrawal profits Forfeited share account Security committee Suspense account $42,421 2,018 151 477 384 23 4 122 15 3 00 60 50 21 22 53 06 00 00 00 $45,620 12 No. 8.] BANK COMMISSIONER. Shaxes. 37 Membership. Issued during year W ithdrawn during year Forfeited during year . Shares now pledged Shares in force . 543 344 20 238 1,766 Added during year W ithdrawn during year Members . . . Borrowers . . . . . 69 57 234 45 . . Profits Distributed. U nm atubed Sh ab e s . First term, 1%; second term, 1M % ; third term, 1M%; fourth term, 1M%- Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old; 15% from 4 to 5 years; 10% from 5 to 6 years; 5% from 6 to 7 years; after 7 years, none. Rates and Averages on Loans. 3 2 re a l estate lo a n s (average, $1,157.81 each; average rate, 6% ): 6%, 1 8 sh a re lo a n s (average, $99.44 each; average rate, 6% ): 6%, $1,790. $37,050. Total Expenses for Year. Salaries. $100.00 2 .19 Am ount paid for . Cost per $1,000 of assets Receipts and Disbursements. $19,736 3,700 1,105 2,119 142 46 5 25 4 1 8 95 11,147 00 00 00 25 81 70 14 00 44 00 10 00 14 $38,135 58 D isbu bsem e n ts . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Interest . . . . . Tem porary expense Forfeited share account Suspense account Surplus . . . . . Fines . . . . . Cash on hand October, 1916 $6,269 25 221 13 22,900 1,600 313 15 5 5 6,765 00 00 81 98 00 00 52 93 00 10 70 22 32 Shares Date of Issue. Series. Value per Share. in Force. Total Value. 1 $43 35 496 Jan. 1913 $21,501 60 Sept. 1913 2 40 04 1,441 44 36 Dec. 1913 3 36 75 146 5,365 50 Mar. 1914 4 33 49 96 3,215 04 June 1914 5 30 25 1,421 75 47 Sept. 1914 6 621 46 27 02 23 Dec. 1914 7 23 82 62 1,476 84 Mar. 1915 20 64 8 179 3,694 56 June 1915 9 17 48 72 1,258 56 Sept. 1915 10 14 33 103 1,475 99 Dec. 1915 11 11 18 129 1,442 22 12 Mar. 1916 8 08 199 1,607 92 June 1916 13 5 02 41 205 82 Sept. 1916 14 2 00 137 274 00 Suspense profits Dues paid in advance 24 90 47 00 $45,074 60 Dues capital Profits capital Unpaid dues Suspense dues $38,135 58 D ates op E xam in a tio n an d A ud it , N ovember 10, 11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $308.79 6 .77 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Withdrawal profits Tem porary expense Forfeited share account Surplus . . . . . Profits capital . . . . Suspense account Security committee Cash on hand October, 1915 Other Expenses. $208.79 4 .5 8 $42,421 2,018 632 3 00 60 00 00 $45,074 60 REPO RT OF THE 38 [Pub. Doc. CHELSEA CO-OPERATIVE BANK, CHELSEA. 407 BROADWAY. Incorporated October 25, 1910. Began business November 2, 1910. G eorge I. M . H a y e s , Treasurer. T homas B. F rost , P resident. B oard o f D irectors: H . P. A bbott , G. H . A k in s , A . W . B r o w n , F. A. C h e n e y , J. M . C ur l ey , T . F. D riscoll , F. B. E merson , W . S. F r ack er , T . B. F rost , J. H . G ilmore , G. I. M . H a y e s , W . S. H ix o n , E ben H utch inson , E . L. L e e , D . A . O ’B r ie n , F. A . P itcher , S. H. R o b ie , D . H . S ulli v a n , W . H . T ayl o r , R . S. W en t w o r t h . Security C om m ittee: W . S. H ix o n , R . S. W en t w o r t h , D . H . S u l liv a n . Regular meetings for receipt of moneys the first Wednesday of each month. I STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. . Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Cash . . . $101,366 9,450 244 46 6,907 . 96 00 77 15 02 Dues capital Profits capital Guaranty fund . Surplus . . . . Forfeited share account Personal accounts . Shares. . . . . . . . . . . . . 947 . 508 . 16 . 7 7 5 3,073 00 34 48 08 00 00 $118,014 90 $118,014 90 Issued during year . W ithdrawn during year Forfeited during year . Shares now pledged . Shares in force . . $103,174 13,560 686 576 17 1 M e m b e rs h ip . Added during year W ithdrawn during year Members . . . . . Borrowers . . . . . 97 56 358 99 Profits Distributed. U nm atured Sh ar e s . First term, 1 % % ; second term, 1 % % ', third term, 1V s % \ fourth term, 1 % % . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 70 real estate loans (average, $1,283.12 each; average rate, 6% ): 6%, $101,366.96. 22 share loans (average, $429.54 each; average rate, 6% ); 6%, $9,450. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $350.04 2.97 Other Expenses. $330.29 2 .8 0 Total. $680.33 5.77 BANK COMMISSIONER. No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Temporary expense Forfeited share account Personal accounts Cash on hand October, 1915 $34,652 5,600 6,315 375 6,202 196 2 218 11 25 209 8 2,460 00 00 00 00 61 99 25 17 83 02 07 30 05 $56,276 29 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . Real estate b y foreclosure Temporary expense Permanent expense Forfeited share account Cash on hand October, 1916 $10,559 280 872 47 29,587 7,085 34 633 72 199 6,907 39 00 00 30 31 23 00 01 35 00 07 02 Value Shares Date of Issue. Series. per Share. in Force. Total Value. 499 1 $85 47 $42,649 53 Nov. 1910 52 2 81 29 4,227 08 Feb. 1911 2,392 58 3 77 18 31 M ay 1911 4 73 14 69 5,046 66 Aug. 1911 74 5 69 17 5,118 58 Nov. 1911 66 1912 6 65 25 4,306 50 Feb. 81 M ay 1912 7 61 38 4,971 78 20 8 57 56 1,151 20 Aug. 1912 92 9 53 79 4,948 68 Nov. 1912 54 10 50 07 Feb. 1913 2,703 78 107 4,964 80 11 46 40 M ay 1913 12 42 78 61 2,609 58 Aug. 1913 13 101 3,960 21 39 21 Nov. 1913 14 121 35 69 4,318 49 Feb. 1914 32 22 44 15 1,417 68 M ay 1914 16 28 80 125 3,600 00 Aug. 1914 88 17 25 42 2,236 96 Nov. 1914 200 18 22 09 4,418 00 Feb. 1915 19 18 80 204 M ay 1915 3,835 20 20 127 15 56 1,976 12 Aug. 1915 21 12 36 191 2,360 76 N ov. 1915 219 22 9 21 2,016 99 Feb. 1916 261 23 6 10 1,592 10 M ay 1916 186 24 3 03 563 58 Aug. 1916 Dues paid in advance 212 00 $117,598 84 $56,276 29 Dues capital Profits capital Unpaid dues Suspense profits . $103,174 13,560 862 2 00 34 00 50 $117,598 84 D a tes of E xam in a tio n and A u d it , April 17, 18. CHICOPEE CO-OPERATIVE BANK, CHICOPEE. EXCHANGE STREET. Incorporated June 12, 1909. C harles C. A b b e y , President. Began business August 3, 1909. J oseph R. H a sting s , Treasurer. B oard o f D irectors: C. C. A b b e y , F. M . B e e sl e y , F. J. B e n n , Ja m es C rompton , S. E. F letcher , J. R. H asting s , L. I. H o w ar d , F. C . K e nda ll , W . A . L orimer , J ohn M cC a r t h y , D uffield M il e s , F. M . N ichols , P. C . P ond . S ecu rity C om m ittee: F. M . N ichols , F. M . B e e sl e y , S. E . F letcher . Regular meetings for receipt of moneys the first Tuesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 40 REPO RT OF TH E [Pub. Doc. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate . . . Loans on shares . . . . Permanent expense account . Temporary expense account . C a s h .......................................... $111,416 66 4,230 00 178 69 89 78 6,783 12 . Dues capital Profits capital Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits Forfeited share account Personal accounts 00 69 99 76 21 00 25 215 59 7 06 60 $122,698 15 $122,698 15 Shares. Issued during year . Withdrawn during year Shares now pledged . Shares in force . . $107,758 12,165 660 327 1,544 18 Membership. . . . . . . . . . . . 699 572 742 2,957 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 75 56 400 86 . . Profits Distributed. U nm atured Sh ar e s . First term, 2J^%; second term, 2}l>%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 20% on series from 5 to 6 years old; 15% on series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none. Rates and Averages on Loans. 6 2 re a l estate loans (average, $1,797.04 each; average rate, 5.11% ); 5%, 2 4 sh a re loans (average, $176.25 each; average rate, 6% ): 6%, $4,230. $98,625; 6%, $12,791.66. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . . . . . . . . Receipts and Disbursements. . . . Salaries. $260.00 2 .1 2 $35,874 16,150 4,169 5,938 90 00 00 00 76 16 50 422 99 1 00 98 33 $62,744 74 D isbu rsem ents . Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans . . . Temporary expense Permanent expense Personal accounts Withdrawal profits Cash on hand October, 1916 . Total. $459.47 3 .74 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Personal accounts Cash on hand October, 1915 Other Expenses. $199.47 1.62 $20,268 2,269 27,225 5,734 358 76 00 94 66 00 09 55 40 28 98 6,783 12 Date of Issue. Series. Aug. Nov. April Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Value Shares per Share. in Force. Total Value. $103 10 263 $27,115 30 98 87 23 2,274 01 92 06 29 2,669 74 86 70 86 7,456 20 78 72 148 11,650 56 71 08 118 8,387 44 63 54 136 8,641 44 56 16 136 7,637 76 48 93 210 10,275 30 41 89 154 6,451 06 35 00 217 7,595 00 28 28 110 3,110 80 21 72 292 6,342 24 15 32 431 6,602 92 9 08 349 3,168 92 3 00 255 765 00 Dues paid in advance . . . . 78 00 $120,221 69 $62,744 74 Dues capital Profits capital Unpaid dues $107,758 00 12,165 69 298 00 $120,221 69 D a tes of E xam in a tio n and A u d it , April 13—15 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER. No. 8.] 41 CITIZENS’ CO-OPERATIVE BANK, HAVERHILL. 81 MERRIMACK STREET. Incorporated August 22, 1887. Began business September 12, 1887. G eorge H . C a rle to n , President. Jam es W . G o o dw in , Treasurer. B oard o f D irectors: A. M . A l le n , G. H . C arleto n , J. W . G o o dw in , W . W . S paulding , J. M . St over , P. C. S w e t t , E . W . B . T a yl o r . Security C om m ittee: J. M . Stover , P. C. Sw e t t , J. W . G o o d w in . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid fines Tem porary expense account Cash . Liabilities. $504,251 19,940 279 256 3,152 92 00 58 66 50 Dues capital . . . . Profits capital . . . . 40 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . Withdrawal profits Forfeited share account Matured share account $463,205 00 82,579 85 8,000 7,205 10,780 1,729 50 10 14,319 $587,880 66 00 96 15 07 64 00 99 $587,880 66 Shares. Membership. Issued during year . . . . 4,352 Withdrawn during year . . . 1,608 Forfeited during year . . . . 25 Matured during year . . . . 175 Shares now pledged . . . . 3,771 Shares in force . . . . . 12,630 Matured shares represented b y certificates 40 A dded during year . W ithdrawn during year Members . . . Borrowers . . . . . . . . . . . . . 4 6 1 . 200 1,411 . 3 9 1 Profits Distributed. U nm atured Sh ar e s . First term, 3% ; second term, 3%. M atu red Sh ar e C e rtificates . One term, 2M %- Proportion of profits retained on voluntary withdrawals, 10%; three earliest series paid in full. Rates and Averages on Loans. 329 real estate loans (average, $1,715.05 each; average rate, 5.96%): 5% , $17,385; 6%, $546,866.92. 103 share loans (average, $193.59 each; average rate, 6 % ): 6%, $19,940. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. Other Expenses. $2,620.18 $609.29 4 .46 1.04 Total. $3,229.47 5 .50 42 REPO RT OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Withdrawal profits Forfeited profits . . . . Forfeited share account Matured share account Matured share certificate account . Profits capital . . . . Cash on hand October, 1915 $136,231 00 6,850 126,632 10,865 32,849 715 635 15 315 26,622 8,000 48 4,457 00 90 00 87 96 59 10 50 23 00 76 18 $354,239 09 D isbu rse m e nts . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Interest Tem porary expense Forfeited share account Matured share account Cash on hand October, 1916 $48,552 290 25,253 6,274 44 10,012 217,236 16,225 263 3,229 305 23,399 3,152 [Pub. Doc. 00 00 00 77 30 45 92 00 24 47 50 94 50 $35",239 09 Date of Issue. Series. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 Total Value. $191 181 170 160 150 140 130 121 112 103 95 86 78 70 62 54 47 40 33 26 19 13 7 1 76 02 59 24 25 47 92 62 53 66 04 59 36 32 53 92 53 32 30 47 84 38 10 00 58 120 121 176 171 168 166 194 200 184 254 212 450 413 591 546 703 584 920 471 997 1,289 2,535 1,107 Dues paid in advance . $11,122 21,722 20,64i 28,202 25,692 23,598 21,732 23,594 22,506 19,073 24,140 18,357 35,262 29,042 36,955 29,986 33,413 23,546 30,636 12,467 19,780 17,246 17,998 1,107 08 40 39 24 75 96 72 28 00 44 16 08 00 16 23 32 59 88 00 37 48 82 50 00 724 00 $548,549 85 Dues capital Profits capital Unpaid dues . $463,205 00 82,579 85 2,765 00 $548,549 85 D a tes of E x a m in a t io n a n d A ud it , M ay 22-26 inclusive. CITY CO-OPERATIVE BANK, HOLYOKE. 380 HIGH STREET. Incorporated July 16, 1889. D a n ie l P r o u l x , P r e sid e n t . Began business July 23, 1889. P ierre B onvouloir , T r e a su r e r . W . G. B eaudro , L. T. B e a u l ie u , L ouis B ib e a u , P ierre B onvou loir , S. J. B o n vo u l o ir , J. E. B r in d a m o u r , T . J. C a r m o d y , I srael D uc h a r m e , O. E. G e nest , A . F. G ing ras , C harles G r andchamp , L. A. L afr anc e , H . J. L apor te , O. 6 . L a m on tagn e , G. J. P r e w , D a n ie l P r o u l x , H omer S t e b b in s . B o a r d o f D ir e c t o r s : S a m ue l B a il , S e c u r it y C om m itte e : D a n ie l P r o u l x , L. T . B e a u l ie u , I srael D ucharm e . Regular meetings for receipt of moneys the last Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . . . . Real estate by foreclosure, etc. Unpaid interest . . . . Unpaid fines . . . . Temporary expense account Interest on matured shares . Interest on matured share certificates . . . . . Cash . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $366,250 7,030 2,778 1,150 84 771 88 00 00 92 98 06 22 56 7 50 15,377 72 $393,538 96 Dues capital . Profits capital . 139 matured shares certificates . Guaranty fund . Surplus . . Interest . . Fines . . Transfer fees . . . . . . represented by . . . . . . . . . . . . . . . $299,275 00 46,676 31 27,800 7,291 4,858 7,510 126 1 00 30 20 01 89 25 $393,538 96 BANK COMMISSIONER. No. 8.] 43 Membership. Shares. Issued during year . . . . W ithdrawn during year . . . Forfeited during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 2,323 1,325 11 147 2,191 7,161 139 Added during year Withdrawn during year Members . . . Borrowers . . . . . 240 142 920 309 . . Profits Distributed. U nm atured Sh ares . First term, 2J^%; second term, 2J^%. M atu red Sh ar e C ertificates . First term, 2 1 4 % ; second term, 2 } 4 % . Proportion of profits retained on voluntary withdrawals, none. Bates and Averages on Loans. 8 0 0 real estate loans $297,400. 4 8 share loans (average, $1,220.83 each; average rate, 5.88% ): 5%, $13,800; 5 1 4 % , $55,050; 6%, (average, $163.48 each; average rate, 6% ): 6%, $7,030. Total Expenses for Year. Salaries. $1,572.11 3.99 Am ount paid for . Cost per $1,000 of assets Other Expenses. $583.64 1.48 Total. $2,155.75 5.47 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital . . . . Real estate loans eliminated b y foreclosure . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . . Fines . . . . . Transfer fees . . . . Matured share certificate account . Cash on hand October, 1915 $82,988 00 2,150 00 7,000 79,675 9,695 1,777 21,449 364 4 14,400 16,406 00 00 00 88 03 41 50 00 60 $235,910 42 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Real estate b y foreclosure Interest on matured shares . Temporary expense Matured share certificate account . Interest on matured share certificates . . . . . Cash on hand October, 1916 $53,098 253 21,462 8,310 22 7,708 118,500 6,930 133 241 2,155 1,000 00 00 00 03 11 29 00 00 19 08 75 00 719 25 15,377 72 $235,910 42 Date of Issue. Series. Jan. July Jan. July Jan. .Tulv Jan. July Jan. July Jan. July Jan. July Jan. .Tulv Jan. July Jan. July Jan. July Jan. July 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 $189 179 169 159 149 139 130 121 112 104 96 87 79 72 64 57 49 42 36 29 22 16 10 4 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 76 32 12 15 46 97 74 73 96 38 02 85 88 13 56 16 94 90 01 29 73 33 09 00 j ^ e . Total Value. 133 41 82 94 72 98 167 86 96 130 178 178 277 238 246 257 419 338 457 446 654 499 1,073 902 $25,238 7,352 13,867 14,960 10,761 13,717 21,833 10,468 10,844 13,569 17,091 15,637 22,126 17,166 15,881 14,690 20,924 14,500 16,456 13,063 14,865 8,148 10,826 3,608 08 12 84 10 12 06 58 78 16 40 56 30 76 94 76 12 86 20 57 34 42 67 57 00 387 18 R eceipts . Dues paid in advance . $347,987 31 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $299,275 00 46,676 31 2,036 00 $347,987 31 D ates of E x a m in a tio n and A u d it , M ay 11-16 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 44 REPORT OF THE [Pub. Doc. CLINTON CO-OPERATIVE BANK, CLINTON. 109 HIGH STREET. Incorporated September 23, 1887. Began business October 20, 18S7. C h ar les L. Ste v e n s , P resident. W alter R . D a m e , Treasurer. Board o f D irectors: J. H . B odman , W . R . D a m e , D avid D ia s , G. S. G ibso n , C. H . H astings , L. M . H ills , N. L. H o w e , W . L. H ub ba r d , G. C. H udson , E . H . Ja q u it h , R . F. P atterson , C. L. S t ev e n s , A . R . Stev e nson , F. F. W a ll a ce . Security C om m ittee: C. L. St e v e n s , G. S. G ibso n , N. L. H o w e . Regular meetings for receipt of moneys the third Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Less amount due $511,475 00 1,575 00 — .............. $509,900 Loans on shares . . . . 9,160 Real estate b y foreclosure, etc. . 1,655 Unpaid interest . . . . 1,735 Temporary expense account . 177 C a s h ......................................... 11,830 00 00 98 57 83 90 . Dues capital Profits capital 127 matured shares represented b y certificates Guaranty fund . Surplus . . . . Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited share account Security committee $411,226 00 75,320 24 25,400 7,080 13,060 2,140 52 00 88 36 25 25 25 107 90 61 65 10 50 $534,460 28 $534,460 28 Shares. Membership. Issued during year . . . . Withdrawn during year . . . Forfeited during year . . . . Retired during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 2,315 1,263 25 12 135 3,009 9,176 127 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . . 220 155 1,120 343 Profits Distributed. U nm atured Sh ar e s . First term, 2J^%; second term, 2>£%. M atu red S h ar e C ertificates . First term, 2J^%; second term, 2j£% . Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. 346 real estate loans (average $1,479.48 each; average rate, 5.16%): 5% , $340,850; 5J£%, $169,050. 46 share loans (average, $199.13 each; average rate, 5.41%); 5%, $1,650; 53-ii%, $7,510. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $1,263.54 ........................................... 2.36 Other Expenses. $598.21 1.12 Total. $1,861.75 3 .48 45 BANK COMMISSIONER No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital . ReCEIPTS‘ . Real estate loans eliminated byforeclosure . .. # . . Real estate loans eliminated b y maturity of shares . . . Real estate loans repaid . . Share loans repaid . . . Uncompleted mortgage loans . Real estate b y foreclosure . . Interest . . . . . Fines . . . . . Transfer fees . . . . W ithdrawal profits . . . Forfeited profits . . . . Tem porary expense . . . Forfeited share account . . Matured share certificate account . Security committee . . . Cash on hand October, 1915 . *100.955 00 1,427 32 5,200 47,825 12,490 1,575 156 25,136 886 4 523 10 60 55 12,400 Ill 7,927 00 00 00 00 60 07 81 25 22 31 00 91 00 00 58 $216,744 07 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . . Tem porary expense . . _ . Dividend on matured share certifi cates . . Matured share certificate account . Security committee Cash on hand October, 1916 $41,768 485 1,609 19,852 4,912 149 520 6,851 110,827 12,320 825 60 340 1,921 00 00 00 00 01 25 08 03 32 00 00 76 97 75 954 1,400 117 11,830 00 00 00 90 Date of Issue. Series. p^Share. incom e. Total ValueOct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct._ April Oct. April Oct. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 $196 185 175 165 155 145 136 127 118 109 101 92 84 76 69 61 54 46 39 33 26 19 13 7 1 17 67 40 34 54 95 61 46 53 80 29 97 84 89 14 58 19 96 90 01 29 73 33 09 00 105 155 92 137 156 194 148 192 183 226 138 345 200 313 282 353 447 428 425 567 565 811 754 1,001 959 Dues paid in advance . $20,597 28,778 16,136 22,651 24,264 28,314 20,218 24,472 21,690 24,814 13,978 32,074 16,968 24,066 19,497 21,737 24,222 20,098 16,957 18,716 14,853 16,001 10,050 7,097 959 85 85 80 58 24 30 28 32 99 80 02 65 00 57 48 74 93 88 50 67 85 03 82 09 00 538 00 $489,758 24 $411,226 00 75,320 24 3,212 00 Dues capital Profits capital Unpaid dues $489,758 24 $216,744 07 D a tes of E xam in a tio n and A u d it , October 9-14 inclusive. COLUMBIAN CO-OPERATIVE BANK, CAMBRIDGE. 763 MASSACHUSETTS AVENUE. Incorporated M a y 6, 1892. W illiam W . D a lling er , President. Began business June 6, 1892. H erbert H . D y e r , Treasurer. B oard o f D irectors: W. E. B urrage , E. L. C h e n e y , W. W. D a lling er , J. A. Dow, H . H. D y e r , W. F. E a r l e , A. N . H ederstedt , S. R . L a ncaster , H . L. L incoln , H . B . M cI n t ir e , C . H . M on tagu e , A. M . P e a r , G eorge W aym o u t h . Security Com m ittee: J. A. Dow, C . H . M on tagu e , H . L. L incoln , S. R . L ancaster , A. N . H ederstedt ^ Regular meetings for receipt of moneys the second M onday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis R E PO R T OF THE 46 [Pub. Doc. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. . Loans on real estate Loans on shares . Comm on form mortgages Unpaid interest . Unpaid fines Insurance and taxes paid Cash . . . . $445,325 11,198 6,575 1,241 113 402 11,038 00 00 00 74 40 66 30 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Forfeited share account $383,307 77,485 6,654 8,379 67 . . . . $475,894 10 00 90 14 29 77 $475,894 10 Membership. Shares. . Issued during year W ithdrawn during year Matured during year Shares now pledged Shares in force . . 1,232 831 216 2,652 6,952 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . 99 124 739 193 Profits Distributed. U nm atured Sh ar e s . First term, 2J^%; second term, 2j^% . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 15Jt re a l estate lo a n s (average, $2,891.72 each; average rate, 5.03% ); 5%, $429,325; 5J^%, $3,000; 6%, $13,000. 6 2 sh a re lo a n s (average, $215.34 each; average rate, 5.08% ); 5%, $10,263; 6%, $935. Total Expenses for Year. Salaries. $2,028.34 4 .2 6 Amount paid for C ost per $1,000 of assets R eceipts . $84,337 00 15,700 44,500 6,800 100 23,148 368 1 1,455 15,300 00 00 00 00 41 71 75 29 91 $191,712 07 D isbu rse m e n ts . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . Interest . . . . Tem porary expense Taxes . . . . Surplus . . . . C ash o n hand O ctober, 1916 . . . . $36,992 31,803 5,817 11,296 84,350 7,119 706 2,352 235 2 11,038 Total. $2,352.69 4 .9 4 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital . . . . Real éstate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . . Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Cash on hand October, 1915 Other Expenses. $324.35 .68 00 00 12 14 00 00 32 69 50 00 30 $191,712 07 Value Shares Total Value. per Share. in Force. 148 $29,059 80 26 $196 35 27 185 64 216 40,098 24 175 19 93 16,292 67 28 160 29 165 00 26,400 00 155 05 129 20,001 45 30 19,915 69 31 145 37 137 32 135 92 181 24,601 52 126 70 33 218 27,620 60 117 72 118 13,890 96 34 35 151 16,448 43 108 93 386 38,731 24 36 100 34 175 16,098 25 37 91 99 197 16,516 48 38 83 84 232 75 89 17,606 48 39 363 24,731 19 40 68 13 41 60 57 235 14,233 95 20,045 09 42 53 17 377 15,294 69 43 45 93 333 44 379 14,735 52 38 88 32 00 479 15,328 00 45 509 12,872 61 46 25 29 18 73 567 10,619 91 47 12 33 633 7,804 89 48 6 09 536 3,264 24 49 Date of Issue. Series. N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 Dues paid in advance . 407 00 $462,618 90 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $383,307 00 77,485 90 1,826 00 $462,618 90 D a te s of E x a m in a tio n a n d A u d it , M ay 7 -9 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 47 BANK COMMISSIONER. No. 8.' DANVERS CO-OPERATIVE BANK, DANVERS. MAPLE STREET. Incorporated August 22, 1892. Began business August 29, 1892. Jasper M arsh , President. H a rr y M . W il k in s , Treasurer. S. C ouch , H . E. Jackson , F. W . M arsh , Jasper M arsh , W . C. N ickerson , J. E . N igh tinga le , A . E . P e r k in s , M . C . P etting ill , H . M . W il k in s . Board o f Directors: L. Security Com m ittee: L. S. C ouch , F. W . M arsh , W . C . N ickerso n . Regular meetings for the receipt of moneys the last M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Permanent expense account Tem porary expense account Cash . . . . Liabilities. $248,700 6,745 839 98 500 228 5,253 00 00 73 67 00 03 07 Dues capital . . . . Profits capital . . . . 20 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest Premiums . . . . . . . . . Fines Withdrawal profits $262,364 50 $215,064 00 33,652 77 4,000 2,563 3,441 3,498 6 97 40 00 59 06 92 15 46 55 $262,364 50 Shares. Membership. Issued during year . . . . W ithdrawn during year . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . M atured shares represented b y certificates 1,094 581 48 1,558 4,858 20 Added during year W ithdrawn during year Members . . . Borrowers . . . 112 60 614 180 . . Profits Distributed. U nm atured S h ares . First term, 2J^%; second term, 2 } 4 % M atu red S h ar e C ertificates . First term, 2 }4 % ', second term, 2 } 4 % . Proportion of profits retained on voluntary withdrawals, 25% if less than five years old. Rates and Averages on Loans. 149 real estate loans (average, $1,669.13 each; average rate, 5 } 4 % ) : 5 K % , $243,750; 5%o%, $4,950. 35 share loans (average, $192.71 each; average rate, 5 ^ % ) : 5 } 4 % , $6,745. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $611.56 2.33 Other Expenses. $618.15 2 .3 5 Total. $1,229.71 4.68 48 REPORT OF THE Receipts and Disbursements. [Pub. Doc. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . $56,180 00 Dues capital . . . . R eal estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Premiums . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Tem porary expense Profits capital . . . . Cash on hand October, 1915 3,160 34,725 2,715 13,445 24 397 265 37 100 7,022 00 00 00 50 05 92 75 05 50 00 72 $118,073 49 D isbu rsem ents . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Temporary expense Permanent expense Interest on matured share certificates . . . . . Surplus . . . . . Cash on hand October, 1916 $25,968 7,034 3,981 2,474 67,700 3,970 120 1,020 271 00 00 36 64 00 00 35 43 64 Date of issue. Series. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 f i e . $188 178 167 158 148 139 129 120 111 103 95 86 78 71 63 56 48 41 35 28 21 15 9 3 22 63 53 26 107 44 114 78 150 106 236 129 142 144 201 177 304 218 446 295 355 517 563 368 23 05 97 06 46 02 77 76 98 37 02 87 90 13 56 15 44 88 00 28 73 33 09 00 Dues paid in advance . . . 180 00 100 00 5,253 07 $118,073 49 Total Value. $4,141 11,217 8,902 4,109 15,885 6,116 14,793 9,419 16,797 10,957 22,424 11,206 11,203 10,242 12,775 4,938 14,877 9,129 15,610 8,342 7,714 7,925 5,117 1,104 06 15 41 56 22 88 78 28 00 22 72 23 80 72 56 55 76 84 00 60 15 61 67 00 366 00 $250,318 77 $215,064 00 33,652 77 1,602 00 Dues capital Profits capital Unpaid dues $250,318 77 D a tes of E x a m in a tio n and A u d it , M ay 3 -5 inclusive. DEAN CO-OPERATIVE BANK, FRANKLIN. MAIN STREET. Incorporated June 15, 1889. Began business July 2, 1889. Jacob F. G e b , P r e s id e n t . O bestes T . D oe , T r e a s u r e r . A . B . C h ilson , J. F. G e b , II. W . H osie , C . B. H utch inson , W . S. Johnson , A . H . M a n n , A . C . M a so n , L. A . P ond , J. M . S upple , P . A . W oodw ard , E . A . Y o u ng . B o a r d o f D ir e c t o r s : S e c u r it y C o m m itte e : A. C . M a so n , J. M . Supple , P. A . W oodward . Regular meetings for receipt of moneys the first Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Tem porary expense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. . $156,111 1,850 266 8,870 40 00 64 55 $167,098 59 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits $133,519 23,192 2,257 4,658 3,315 50 00 95 93 70 05 82 25 103 89 $167,098 59 49 BANK COMMISSIONER No. 8.] Membership. Shares. Issued during year . W ithdrawn during year Matured during year . Shares now pledged . Shares in force . . . . . . . . . . . . . . . . . 603 330 58 892 2,953 Added during year Withdrawn during year Members . . . Borrowers . . . 52 37 314 88 . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2 J i% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. 151 re a l estate lo a n s (average, $1,033.85 each; average rate, 6% ): 6%, $156,111.40. 14 sh a re lo a n s (average, $132.14 each; average rate, 6% ); 6%, $1,850. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . Salaries. $799.92 4.79 . Receipts and Disbursements. $35,542 00 4,000 16,625 6,375 9,697 129 00 23 00 90 51 50 193 77 10 50 9,061 23 $81,635 64 D is b u r s e m e n t s . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Tem porary expense Cash on hand October, 1916 $14,077 8,184 2,271 3,291 41,536 2,400 151 852 8,870 Total. $842.24 5.04 Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s , Dues capital . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . W ithdrawal profits Permanent expense Cash on hand October, 1915 Other Expenses. $42.32 .25 00 00 68 78 63 00 26 74 55 $81,635 64 Date of Issue. Series. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Value _ Shares per Share. in Force $187 78 2 176 87 40 166 21 24 155 80 35 145 65 19 135 83 121 126 24 66 62 116 94 107 89 56 125 99 09 42 90 50 82 11 211 84 73 93 162 65 96 80 58 21 50 65 166 93 43 28 36 27 358 132 29 44 317 22 80 16 37 209 303 10 10 246 4 00 Dues paid in advance . Total Value. $375 7,074 3,989 5,453 2,767 16,435 8,331 7,250 6,041 12,386 3,801 17,325 6,210 10,685 4,656 8,407 4,025 12,984 3,886 7,227 3,421 3,060 984 56 80 04 00 35 43 84 28 84 25 00 21 12 52 80 90 04 66 08 60 33 30 00 323 00 $157,103 95 Dues capital Profits capital Unpaid dues $133,519 00 23,192 95 392 00 $157,103 95 D a t e s of E x a m in a t io n a n d A u d it , March 10, 11 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE 50 [Pub. Doc. DEDHAM CO-OPERATIVE BANK, DEDHAM. HIGH STREET, EAST DEDHAM. Incorporated February 11, 1886. Began business February 16, 1886. F r an k W. P ow er , P r e sid e n t . T homas P. M u r r a y , T r e a su r e r . W . W. B a k e r , M . A . C a r n e y , E. N . C art w r ig h t , A. N . D a n ie ls , J. A . G eis h e c k e e , A. C . H ib ba r d , D . J. H u r l e y , T . P. M u r r a y , W. E. P a te n a u d e , F. W. P o w e r , Je re m iah S w e e n e y , F. H . V a l e n t in e , J ohn W a r d le , Jr., B . H. W h it n e y , O. W . W ithin gto n . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : A . C. H ib bard , O. W . W ithin gto n , J ohn W ard le , Jr. Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Less amount due Liabilities. $602,950 00 8,275 01 $594,674 22,240 2,200 3,993 2,054 101 201 38,689 Loans on shares . . . . Comm on form mortgages Real estate by foreclosure, etc. Unpaid interest . . . . Unpaid premiums . . . . Unpaid fines Cash . . . . . 99 00 00 95 17 35 77 97 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Forfeited share account Suspense account $528,891 111,596 8,591 15,004 57 15 . . . . $664,156 20 $664,156 20 Shares. Issued during year W ithdrawn during year Forfeited during year . M atured during year Shares now pledged Shares in force . . Membership. . . . 00 56 94 12 44 14 2,713 1,275 26 212 . 3,749 . 11,365 . A dded during year W ithdrawn during year Members . . Borrowers . . . . . . 279 176 1,311 388 Profits Distributed. U nm atured Sh ar e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 8 6 1 re a l estate lo a n s (average, $1,647.29 9 1 sh a re lo a n s (average, $244.40 each; each; average rate, 6.30%): 6.30%, $594,674.99. average rate, 6.30% ): 6.30%, $22,240. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. Other Expenses. $2,100.00 $1,260.06 3 .1 6 1.90 Total. $3,360.06 5 .06 No. 8.] 51 BANK COMMISSIONER. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate by foreclosure Interest . . . . Premiums . . . . Fines . . . . W ithdrawal profits Forfeited profits . Tem porary expense Taxes . . . . Suspense account Surplus . . . . Cash on hand October, 1915 $133,257 00 Date of Issue. Series. 5,200 00 7,200 59,350 16,407 36,176 7,059 36,745 1,867 1,253 2,177 5 47 40 4 447 29,227 M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay 00 00 00 05 48 21 19 17 92 72 75 73 00 66 92 $336,466 80 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . Tem porary expense Taxes . . . . Premiums . . . . Surplus . . . . Fines . . . . Cash on hand October, 1916 $58,536 328 20,400 8,957 5 12,712 141,500 15,275 30,399 5,765 445 3,407 40 1 2 00 00 00 07 72 24 00 00 02 23 86 81 73 25 50 40 38,689 97 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Value per Share. Ä s . 102 $197 97 95 186 28 116 174 94 163 93 265 218 153 23 192 142 85 132 76 224 122 97 168 113 46 310 104 24 275 350 95 28 316 86 58 709 78 13 69 94 566 61 99 595 646 54 27 753 46 76 39 47 617 32 40 753 639 25 54 18 87 907 12 39 879 6 10 1,670 Dues paid in advance . • Total Value. $20,192 17,696 20,293 43,441 33,404 27,427 29,738 20,658 35,172 28,666 33,348 27,359 55,394 39,586 36,884 35,058 35,210 24,352 24,397 16,320 17,115 10,890 10,187 94 60 04 45 14 20 24 96 60 00 00 28 17 04 05 42 28 99 20 06 09 81 00 847 00 $643,641 56 $528,891 00 111,596 56 3,154 00 Dues capital Profits capital Unpaid dueg $643,641 56 $336,466 80 D ates of E xam in a tio n and A ud it , July 24-31 inclusive. DORCHESTER CO-OPERATIVE BANK, BOSTON. 50 STATE STREET. Incorporated August 21, 1890. Began business September 10, 1890. L a b a n P r att , P r e s id e n t . P in c k n e y H olbrook , T r e a s u r e r . W . S. F o x , Sa m ue l G a n n e t t , H en r y H a l l , H olbrook , R . D . M ossman , G . S. P a r k e r , J. H . P ie r ce , L a ba n P r at t , B o a r d o f D ir e c t o r s : A saph C h urchill , R . P . D e la n o , I. C. H e r se y , P in c k n e y N . W . R obinson . J. H . P ierce , Sa m ue l G a n n e t t , R . D . M ossman , W . S. F ox , N. W. R obinson . S e c u r it y C om m itte e : A saph C h urch ill , L a b a n P r att , Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Tem porary expense account Insurance and taxes paid M ortgage balance Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $619,661 19,411 662 76 970 40,512 00 00 90 01 78 73 $681,294 42 Dues capital Profits capital Guaranty fund . Surplus . . . Interest Fines Withdrawal profits Forfeited share account Profit and loss . $564,494 91,706 11,032 7,779 6,020 99 78 40 43 00 23 73 02 44 94 45 29 32 $681,294 42 52 REPO RT OF THE [Pub. Doc. Shares. Membership. . . 3,268 2,137 20 119 . 3,536 . 12,974 Issued during year W ithdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force Added during year W ithdrawn during year Members . . . Borrowers . . . . . . . . 243 143 1,462 359 Profits Distributed. U n m a t u r e d Sh a k e s . First term, 2}^%; second term, 1M % ; third term, 1M%. Proportion of profits retained on voluntary withdrawals, 20% during first 4 years. Rates and Averages on Loans. 304 re a l estate lo a n s (average, $2,038.36 each; average rate, 5.48%); 5%, $19,766; 5 K % , $599,495; 6%, $400. 65 sh a re lo a n s (average, $298.63 each; average rate, 5.48%); 5%, $600; 5J^%, $18,761; 6%, $50. Total Expenses for Year. Salaries. Other Expenses. $2,773.81 $1,260.87 4 .0 7 1 .85 Amount paid for . Cost per $1,000 of assets Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . _. Real estate loans eliminated by maturity of shares Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . W ithdrawal profits Profits capital Mortgage balances Personal accounts Profit and loss Taxes and insurance . Cash on hand October, 1915 $148,342 00 3,400 106,055 13,858 2,839 35,812 724 431 3,501 62 43 310 24,134 00 00 00 64 36 40 74 14 38 39 46 53 93 $339,515 97 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Temporary expense Personal accounts Taxes and insurance . Profit and loss Mortgage balances Cash on hand October, 1916 $81,665 880 17,328 13,640 103 6,189 151,190 20,141 202 207 4,034 62 86 00 00 00 59 80 53 00 00 20 81 68 39 09 14 3,272 01 40,512 73 $339,515 97 Date of Issue. Series. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. June Sept. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 1916 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 Value Shares per Share. in Force. Total Value. $198 30 113 $22,407 90 187 68 97 18,204 96 177 34 103 18,266 02 96 167 23 16,054 08 157 31 136 21,394 16 162 147 66 23,920 92 138 20 127 17,551 40 302 38,933 84 128 92 119 91 187 22,423 17 111 10 381 42,329 10 102 54 259 26,557 86 94 16 428 40,300 48 85 96 359 30,859 64 78 01 498 38,848 98 70 22 359 25,208 98 62 62 844 52,851 28 55 20 606 33,451 20 826 47 97 39,623 22 40 91 572 23,400 52 1,001 34 01 34,044 01 799 21,804 71 27 29 20 73 1,041 21,579 93 1,083 14 33 15,519 39 1,264 10,213 12 8 08 568 2,851 36 5 02 763 2 00 1,526 00 956 00 Dues paid in advance . $661,082 23 Dues capital Profits capital Unpaid dues D a tes of E x a m in a tio n and A u d it , October 16-23 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $4,034.68 5 .92 . . . . . . . . . . . $564,494 00 91,706 23 4,882 00 $661,082 23 No. 8.] BANK COMMISSIONER. 53 EAST BRIDGEWATER CO-OPERATIVE BANK, EAST BRIDGEWATER. 31 CENTRAL STREET. Incorporated February 25, 1913. Began business April 1, 1913. F red E . F u ll e r , T re a su re r. C h a r l e s L . N u t t e r , P r e sid e n t . J. R . B a k e r , G. A . B u r r e l l , M ic h a e l F it z g e r a l d , F. E . F u l l e r , G. H . G r e e n e , J. W. H o l l o w a y , A. L . L e l a n d , H . L . M o o r h o u s e , E . T . M o r s e , C. L . N u t t e r , S. K . N u t t e r , J a m e s O ’B r ie n , M . F. R o a c h , G. A . R o o t , A . B . Sh a w , C. L . S t u r g is , H . C . T h o r n d ik e , G. M . W e b b e r . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : H . L. M o o r h o u se , M . F. R o a c h , S. K . N u t t e r , G. M . W e b b e r , F. E . F u l l e r . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OP CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Less amount due Liabilities. $51,160 00 834 00 $50,326 1,965 58 5 3,378 Loans on shares . Permanent expense account Tem porary expense account Cash . 00 00 11 00 18 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Withdrawal profits Retired share account $51,026 4,143 222 19 280 9 24 8 $55,732 29 00 Q2 10 51 23 04 39 00 $55,732 29 Shares. Membership. Issued during year Withdrawn during year Shares now pledged Shares in force . 571 284 386 1,969 A dded during year W ithdrawn during year Mem bers . . . Borrowers . . . . . 62 40 305 51 Profits Distributed. U n m atu red Sh a re s. First term, 2 % % ; second term , 2 % % . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 3 9 re a l estate lo a n s (average, $1,290.41 1 3 s h a re lo a n s (average, $151.15 each; each; average rate, 6% ): 6%, $50,326. average rate, 6% ); 6%, $1,965. Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $150.00 2 .6 5 ¡[Other Expenses. $205.26 3 .63 Total. $355.26 6 .2 8 54 [Pub. Doc. REPO RT OF THE Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital . . . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Interest . . . . Fines . . . . Transfer fees . . . Withdrawal profits Cash on hand October, 1915 . . . . $21,230 2,000 1,655 6,950 2,779 95 2 87 1,872 00 00 00 00 49 59 00 92 82 $36,672 82 Date of Issue. Series. April Oct. April Oct. April Oct. April Oct. 1913 1913 1914 1914 1915 1915 1916 1916 1 2 3 4 5 6 7 8 Value Shares per Share. in Force. Total Value. $47 21 709 $33,471 89 40 10 152 6,095 20 33 16 150 4,974 00 26 39 75 1,979 25 19 79 170 3,364 30 13 36 268 3,580 48 279 7 10 1,980 90 1 00 166 166 00 Dues paid in advance . Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans . . . . Uncompleted mortgage loans Tem porary expense Forfeited share account Cash on hand October, 1916 307 00 $55,919 02 D isbu rsem ents . $5,097 284 18,500 2,950 6,116 273 74 3,378 00 63 00 00 00 01 00 18 Dues capital Profits capital Unpaid dues $51,026 00 4,143 02 750 00 $55,919 02 $36,672 82 D a t e s of E x a m in a t io n an d A u d it , October 2, 3. EASTHAMPTON CO-OPERATIVE BANK, EASTHAMPTON. 41 UNION STREET. Incorporated M arch 24, 1900. Began business April 2, 1900. W illiam F. C o y l e , P r e s id e n t . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : W illiam L. P itch er , T r e a s u r e r . W. F. C o y l e , A . J. K ie n l e , W. L. P itch er , H. J. P orter , A . D . Sander s , G. M . Se id e l . W . F. C o y le , A . J. K ie n l e , W . L. P itch er . Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OP CONDITION AT THE CLOSE OP THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Suspense account Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $82,600 2,905 220 16 4,699 00 00 45 81 60 $90,441 86 Dues capital Profits capital Guaranty fund Surplus $71,881 14,801 1,253 2,506 00 39 45 02 $90,441 86 No. 8.] BANK COMMISSIONER. Shares. Issued during year . W ithdrawn during year Matured during year . Shares now pledged . Shares in force . . . . . . . . . . . . . . . . . 474 205 23 518 1,569 55 M e m b e rs h ip . A dded during year W ithdrawn during year Members . . . . . Borrowers . ' . 73 38 291 55 Profits Distributed. U nm atured S h ar es . First term, 2 % % ', second term, 2 % % . Proportion of profits retained on voluntary withdrawal^, 25% on series less than 4 years old; after 4 years, none. Rates and Averages on Loans. 4 8 re a l estate lo a n s (average, $1,966.66 1 8 s h a re lo a n s (average, $161.38 each; each; average rate, 6% ): 6%, $82,600. average rate, 6% ): 6%, $2,905. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . Salaries. $420.00 4.64 . Dues capital . . Real estate loans repaid Share loans repaid . . Withdrawal profits Cash on hand October, 1915 $17,369 26,700 1,140 5,115 204 50 7,274 00 00 00 55 72 39 54 $57,854 20 D isbu rsem ents . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Tem porary expense Cash on hand October, 1916 $5,915 3,408 989 1,339 38,300 2,650 14 538 4,699 Total. $538.67 5 .95 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Other Expenses. $118.67 1.31 00 00 39 46 00 00 08 67 60 $57,854 20 Date of Issue. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. Ma y N ov. M ay N ov. M ay Nov. M ay Series. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 Value $191 180 169 159 149 139 129 120 111 102 93 85 76 68 61 53 46 39 32 25 18 12 6 Dues paid in advance . 75 68 91 44 23 31 67 28 14 24 58 15 95 97 20 64 28 12 15 37 77 34 09 Shares 44 32 7 27 53 10 24 52 14 54 33 17 43 20 146 87 121 46 127 97 64 126 325 Total Value. $8,437 5,781 1,189 4,304 7,909 1,393 3,112 6,254 1,555 5,520 3,088 1,447 3,308 1,379 8,935 4,666 5,599 1,799 4,083 2,460 1,201 1,554 1,979 00 76 37 88 19 10 08 56 96 96 14 55 85 40 20 68 88 52 05 89 28 84 25 87 00 $87,050 39 Dues capital Profits capital Unpaid dues $71,881 00 14,801 39 368 00 $87,050 39 - D a te s op E x a m in a t io n and A u d it , M a y 2 2 -2 4 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPORT OF THE 56 [Pub. Doc. EAST TAUNTON CO-OPERATIVE BANK, TAUNTON. REAR OF MIDDLEBORO AVENUE (EAST TAUNTON). Incorporated N ovem ber 12, 1909. Began business Novem ber 15, 1909. A r t h u r E . R o b b in s , P r e sid e n t . A lbert H . C h ace, T re a su re r. J. L. A n t h o n y , C . R . B a r s t o w , A . H. C h a c e , E . N. S. C h a n d l e r , P. H. C o r r , H . K . D e a n , L u t h e r D e a n , C . S. H a r t , M . J. M it c h e l l , E . J. O ’B r ie n , C . D . P e ir c e , A . E . R o b b in s , W. E . R o s e , G. L. W a l k e r , G. R . W il l ia m s . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : A . E . R o b b in s , C. S. H ar t , E . M . S. C h a n d l e r . Regular meetings for receipt of moneys the first M onday on or after the fifteenth of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Cash . . . $92,050 1,210 413 5,583 . 00 00 75 16 Dues capital Profits capital Guaranty fund . Surplus . . . $84,455 12,616 718 1,467 . $99,256 91 00 71 01 19 $99,256 91 Membership. Shares. Issued during year Withdrawn during year Forfeited during year . Shares now pledged Shares in force 813 357 6 532 2,064 . Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . 90 34 230 66 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2 % % ; second term, 2 Y s % . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 5 6 r e a l estate lo a n s (average, S I,643.75 each; average rate, 6% ): 6%, S92,050. 1 0 sh a re lo a n s (average, $121.00 each; average rate, 6% ): 6%, $1,210. Total Expenses for Year. Am ount paid for . . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . . . . - Salaries. $250.00 2 .52 Other Expenses. $60.19 .61 Total. $310.19 3 .1 3 57 BANK COMMISSIONER No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Cash on hand October, 1915 $24,765 18,700 1,390 5,106 70 3,874 00 00 00 42 48 47 $53,906 37 D isbu rse m e nts . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . Tem porary expense Forfeited share account Cash on hand October, 1916 . $8,752 162 765 17 37,500 630 310 186 5,583 00 00 48 34 00 00 19 20 16 Shares Value Date of Issue. Series. per Share. in Force. Total Value. $40,111 47 399 1 $100 53 Nov. 1909 14,672 52 92 28 159 2 M ay 1910 6,733 60 80 3 84 17 Nov. 1910 3,503 36 46 4 76 16 M ay 1911 5,673 05 83 5 68 35 Nov. 1911 32 1,943 68 60 74 6 M ay 1912 2,238 60 42 53 30 7 Nov. 1912 4,880 24 8 46 04 106 M ay 1913 1,480 48 38 96 38 9 Nov. 1913 3,044 75 32 05 10 95 M ay 1914 3,367 56 25 32 133 11 Nov. 1914 2,175 00 116 12 18 75 M ay 1915 5,639 38 13 12 34 457 Nov. 1915 1,693 02 14 6 09 278 M ay 1916 Dues paid in advance . 465 00 $97,621 71 $53,906 37 $84,455 00 12,616 71 550 00 Dues capital Profits capital Unpaid dues $97,621 71 D ate of E x a m in a tio n and A u d it , July 3. ECONOMY CO-OPERATIVE BANK, MERRIMAC. 24 MERRIMAC SQUARE. Incorporated July 26, 1889. F red S. H a r d w ic k , P r e s id e n t . Began business August 12, 1889. C lifton B. H e a t h , T r e a s u r e r . G. W. D a v is , F. S. H a r d w ic k , C. B. H e a th , G. G. H o y t , Z e nas L ovell , C. W. M orrell , F. F. P h ilbrick , G. S. P r eb le , A . W . Sa w y e r , F . C. W il lia m s . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : C. W . M orrell , F. F. P h ilb ric k , A . W . Sa w y e r . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid premiums Unpaid fines Tem porary expense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $63,360 1,850 242 13 32 129 581 00 00 18 05 34 82 81 $66,209 20 Dues capital Profits capital Guaranty fund • Surplus Interest Premiums . Fines Withdrawal profits $51,074 11,448 1,459 1,183 933 50 32 27 00 91 00 06 38 95 52 38 $66,209 20 58 REPO RT OF THE [Pub. Doc. Shares. Issued during year . Withdrawn during year Retired during year . Matured during year . Shares now pledged . Shares in force . . Membership. . . . . . . . . . . . . . . . . . . 237 60 11 3 380 979 Added during year . W ithdrawn during year Members . . . Borrowers . . . . . . . 33 13 180 79 Other Expenses. $100.64 1.52 Total. $400. 64 6 .0 5 . . . . . . . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 10%. Rates and Averages on Loans. 7 4 r e a l estate lo a n s (average, $856.21 1 9 s h a re lo a n s (average, $97.36 each; each; average rate, 6.30% ): 6.30%, $63,360. average rate, 6.30% ): 6.30%, $1,850. Total Expenses for Year. Salaries. $300.00 4 .5 3 Am ount paid for . Cost per $1,000 of assets Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Premiums . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Cash on hand October, 1915 $10,569 00 400 7,700 775 3,635 197 146 00 00 00 81 24 96 75 56 21 3,227 76 $26,708 73 D is b u r s e m e n t s . Dues capital withdrawn Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Temporary expense Cash on hand October, 1916 $2,842 1,470 432 561 584 186 18,000 1,650 400 581 00 00 00 80 11 37 00 00 64 81 Date of Issue. Series. Aug. Feb. Aug. Feb. Aug. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. 1905 1906 1906 1907 1907 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 33 34 35 36 37 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 Total Value. $187 176 166 155 145 126 117 107 98 90 81 73 65 57 50 42 35 28 21 15 9 3 Dues paid in advance . $26,708 73 43 71 07 90 85 39 00 81 84 10 65 42 40 63 08 71 58 64 90 39 10 00 10 26 15 23 15 37 46 81 67 92 2 10 49 8 39 46 53 38 48 55 65 154 $1,874 4,594 2,491 3,585 2,187 4,676 5,382 8,732 6,622 8,289 163 734 3,204 461 1,953 1,964 1,885 1,088 1,051 846 591 462 30 46 05 70 75 43 00 61 28 20 30 20 60 04 12 66 74 32 20 45 50 00 53 00 $62,894 91 Dues capital Profits capital Unpaid dues $51,074 00 11,448 91 372 00 $62,894 91 D a t e of E x a m in a t io n a n d A u d it , February 8. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 59 BANK COMMISSIONER. No. 8.] EDWARD EVERETT CO-OPERATIVE BANK, BOSTON. 699 COLUMBIA ROAD (DORCHESTER DISTRICT). Incorporated August 11, 1916. Began business September 14, 1916. G e o r g e V . W a t t e n d o b f , P r e s id e n t . F ran k M . W atten d orf, T rea su rer. D . D ig g e n , P. H . G r a h a m , W. P. H a r r in g t o n , J. J. H e a l y , P. F. G a l l a h u e , M . T . J o y c e , J o h n L a l l y , J. W. L a n e , T . J. M c C a r t h y , J. R . M c V e y , F. X . M a h o n e y , J. H. M u r p h y , M . J. N o r t o n , C . H . O ’C o n n o r , G . V . W a t t e n d o r f , F . M . W a t t e n d o r f , J. A . W il l ia m s o n . B o a r d o f D ir e c t o r s : J. S e c u r i t y C o m m itte e : J. D . D ig g e n , W. P. H a r r in g t o n , J. J. H e a l y , G. V . W a t t e n d o r f , J. A . W il l ia m s o n . Regular meetings for receipt of moneys second Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. $1,764 00 Cash Dues capital . . . . $1,764 00 $1,764 00 $1,764 00 Shares. Issued during year . . Membership. . . 906 A dded duripg year Members . . . . . . . . . . 115 115 Profits Distributed. N o dividends yet declared. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. N o loans made as yet. Total Expenses for Year. N o expenses at date of this report. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Value Shares Date of Issue. Series. per Share, in Force. Total Value. Sept. 1916 1 $2 00 , 906 $1,812 00 $1,764 00 Dues capital $1,764 00 $1,812 00 D is b u r s e m e n t s . Cash on hand October, 1916 $1,764 00 $1,764 00 Dues capital Unpaid dues $1,764 00 48 00 $1,812 00 D a t e of E x a m in a t io n a n d A u d it , December 13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 60 REPORT OF THE [Pub. Doc ELM HILL CO-OPERATIVE BANK, BOSTON. HUMBOLDT AVENUE (ROXBURY DISTRICT). Incorporated April 10, 1916. Began business M ay 9, 1916. S im o n S w i g , P r e s id e n t . W il l ia m B . Q ttimby, T r e a s u r e r . E. P. D a v i s , C h a r l e s D o l a n , D . J. F e r g u s o n , N . A . F in k l e s t e in , S. F in k l e s t e in , E . P. F in n , G . L . F i n n , T . E. G a l v i n , M . G e r s t e in , L ou is G o l d s t e in , N a t h a n H e l l e r , L o u is J e s o l s o h n , V ic t o r K a u f m a n , J. C . K e n n e d y , L . S. L e v i , I. M . L e v i n , B . L e v i n e , S a m L e v i n e , B . H . L u d w ig , A l e x a n d e r M c G r e g o r , P. M e k l e b u r g , F. D . M o n a h a n , W . D . Q u im b y , G e o r g e R o s e n , M o r r is R u d n ic k , P. S h a f f e r , C . H . S h e e h a n , E . L. S n id e r , F . P. S t e a r n s , B . H . S w i g , L o u is S w i g , S im o n S w i g , S. H . T h u r b e r . B o a r d o f D ir e c t o r s : L e o B ie r in g e r , M o ses B r o d y , S e c u r it y C om m itte e : M a u r ic e G e r s t e in , A l e x a n d e r M c G r e g o r , L . S. L e v i , W . D . Q u im b y , S im o n Sw ig . Regular meetings for receipt of moneys second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Tem porary expense account Cash . . . . $1,500 00 246 15 6,455 11 Dues capital Interest . Fines . . . . . . . . . . . . . $8,132 00 69 06 20 $8,201 26 $8,201 26 Shares. Membership. Issued during year W ithdrawn during year Shares now pledged Shares in force . . 2,188 6 10 2,182 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 315 6 309 . . 1 Profits Distributed. N o dividends yet declared. Proportion of profits retained on voluntary withdrawals, 30% on series less than 1 year o ld ; 25% on series from 1 to 7 years old ; 25% of last dividend on series more than 7 years old. Rates and Averages on Loans. (average, $1,500; average rate, 6% ): 6%, $1,500. 1 re a l estate lo a n Total Expenses for Year. Salaries. $115.40 14.07 Am ount paid for . C ost per $1,000 of assets Receipts and Disbursements. . . . . . . . . . . . . $8,207 00 69 06 20 $8,276 26 Date of Issue. Series, p j g ^ M ay 1916 Aug. 1916 1 2 Total Value. $6 00 3 00 Dues paid in advance . 1,183 999 . . D is b u r s e m e n t s . Dues capital withdrawn Real estate loans Tem porary expense Cash on hand October, 1916 $75 1,500 246 6,455 00 00 15 11 $7,098 00 2,997 00 200 00 $10,295 00 Dues capital Unpaid dues . . $8,276 26 D a t e s of E x a m in a t io n a n d A u d it , Novem ber 24-29 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $246.15 30.01 Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Interest . Fines . Other Expenses. $130.75 15.94 . . . . . . $8,132 00 2,163 00 $10,295 00 No. 8.] 61 BANK COMMISSIONER ENTERPRISE CO-OPERATIVE BANK, BOSTON. 271 MERIDIAN STREET (EAST BOSTON DISTRICT). Incorporated M arch 31, 1888. Began business April 3, 1888. C h a r l e s T. W i t t , P r e sid e n t . I R o b e r t F. J o r d a n , T r e a s u r e r . H . P. A b b o t t , W . E . F o s t e r , R . J. G o v e , F . P. G u r n e y , A . R . H o o p e r , E b e n H u t c h in s o n , R . F . J o r d a n , W . T . K e o u g h , J o h n M a r n o , L . B . M c K i e , W il l ia m M c K i e , C . H . P a c k a r d , W . C. Sm it h , C. A . T il d e n , C. T . W it t . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : C . A . T il d e n , C. T . W i t t , R . F. J o r d a n . Regular meetings for receipt of moneys the third Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . C om m on form mortgages Real estate b y foreclosure, etc. Unpaid fines Tem porary expense account Tax titles . . . . Cash . . . . Liabilities. . $762,280 39,475 1,350 1,917 237 348 48 71,486 00 00 00 84 95 35 82 03 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Transfer fees . . . Withdrawal profits Forfeited share account Security committee . . . . . . $697,336 141,037 16,650 20,241 1,378 00 07 00 22 81 50 244 24 123 68 132 47 $877,143 99 Membership. Shares. Issued during year Withdrawn during year Forfeited during year . Retired during year Matured during year Shares now pledged Shares in force $877,143 99 . . 3,300 1,903 27 581 61 . 5,251 . 15,643 . A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . . 305 201 1,655 472 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. S 9 1 r e a l estate lo a n s (average, $1,949.56 2 2 3 s h a r e lo a n s (average, $177.01 each; each; average rate, 5.93% ): 5%, $54,050 ; 6%, $708,230. average rate, 6% ); 6%, $39,475. Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $3,748.00 4.27 Other Expenses. $1,068.35 1.22 Total. $4,816.35 5.49 62 REPORT OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . Real estate loans eliminated b v foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits . . ' Forfeited profits . Temporary expense Forfeited share account Retired share account . Matured share account Tax titles . . . . Security committee Cash on hand October, 1915 $181,568 00 3,000 00 12,000 161,100 27,750 340 4,687 50,204 1,768 8 2,734 16 302 156 111,956 12,248 379 102 41,833 00 00 00 93 80 84 86 00 60 88 00 40 55 14 35 50 93 $612,158 78 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Real estate by foreclosure Interest . . . . Temporary expense Forfeited share account Retired share account . Matured share account Tax titles . . . . Security committee Cash on hand October, 1916 $66,910 474 80,541 8,723 10,461 67 30,542 3,287 175,355 29,850 3,268 1,138 5,118 139 111,956 12,450 293 94 71,486 00 00 00 00 02 53 75 96 00 00 30 32 35 50 55 87 82 78 03 Date of Issue. Series. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 of inSForce. Total Value. 34 261 365 282 321 306 187 281 271 368 434 416 485 489 849 741 922 952 1,230 1,130 1,302 1,659 1,450 908 $6,596 47,786 62,926 45,689 48,750 43,430 24,734 34,520 30,799 38,529 41,633 36,354 38,339 34,679 53,487 40,969 44,053 38,556 41,106 30,001 25,883 22,230 10,309 908 00 49 00 64 27 58 49 85 15 60 62 24 25 88 00 89 16 00 60 50 76 60 50 00 898 00 $843,174 07 Dues capital Profits capital Unpaid dues E x a m in a t io n a n d A u d it , January 3 - 7 in clu sive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Value per Share. $194 00 183 09 172 40 162 02 151 87 141 93 132 27 122 85 113 65 104 70 95 93 87 39 79 05 70 92 63 00 55 29 47 78 40 50 33 42 26 55 19 88 13 40 7 11 1 00 Dues paid in advance . $612,158 78 D a tes [Pub. Doc. $697,336 00 141,037 07 4,801 00 $843,174 07 No. 8.] BANK COMMISSIONER, 63 EQUITABLE CO-OPERATIVE BANK, LYNN. 145 MUNROE STREET. Incorporated October 2, 1877. Began business October 8, 1877. A l b i o n B a b t l e t t , P r e s id e n t . E d w in C . L e w is , T rea su rer. B o a r d o f D ir e c t o r s : A l b i o n B a b t l e t t , J. E . B l a n c h a e d , F. W. H i x o n , H . W . H o w a b d , C h a b l e s L e ig h t o n , E . C . L e w i s , W . P . L e w i s , C . L . L o n g , F. L . P e e k i n s , J. C . F . P h i n n e y , F . J. R i c h a b d s , Z . L . S e y m o u b , G. E . S t e v e n s , A . B . T o l m a n , J. W . W h y t e . S e c u r i t y C om m itte e : C. L. L o n g , W . P. L e w i s , F. L. P e e k i n s . Regular meetings for receipt of moneys the first Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate by foreclosure, etc. Unpaid interest . Permanent expense account Temporary expense account Insurance and taxes paid Cash . . . . Liabilities. . $3,712,922 128,994 2,860 7,655 489 775 34 384,228 00 00 12 89 49 20 50 18 Dues capital Profits capital Guaranty fund . Surplus . . . . Interest . . . . Fines . . . . Transfer fees Forfeited share account Personal accounts . $3,518,461 621,166 45,512 32,276 19,290 512 3 659 77 $4,237,959 38 $4,237,959 38 Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force 00 99 65 44 67 01 00 54 08 Membership. . 17,690 . 12,722 70 735 24,569 77,103 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . . . 1,775 1,529 7,947 2,372 Profits Distributed. U nm atuked Sh ak es. First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. (average, $2,003.74 each; average rate, 5.37% ); 5%, $881,850; 5 } 4 % , $184,865; 5342%, $2,578,847; 5 % % , $39,275; 6%, $23,225; 6 K % , $1,600; 6 ^ % , $1,710; 6M % . $250; 7% , $1 300. 1 , 0 7 8 sh a re lo a n s (average, $119.66 each; average rate, 5.49% ); 5%, $2,710; 5J^%, $1,009; 5J^%, $123,810; 5M % , $875; 6%, $590. 1 , 8 5 8 r e a l estate lo a n s Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $6,982.00 1.64 Other Expenses. Total. $4,117.80 $11,099.80 .97 2.61 64 REPORT OF THE Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Real estate by foreclosure Interest . . . . Fines . . . . Transfer fees Tem porary expense Forfeited share account Insurance and taxes Surplus . . . . Cash on hand October, 1915 $890,756 00 2,800 00 11,300 599,122 138,950 2,174 213,384 5,572 34 1,316 1,344 826 53 178,236 00 00 00 96 48 42 00 96 56 46 25 70 $2,045,871 79 D [Pub. Doc. is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate by foreclosure Interest . . . . Temporary expense Forfeited share account Insurance and taxes Cash on hand October, 1916 $494,028 1,635 108,040 75,728 221 38,769 790,212 134,460 2,274 1,296 11,916 2,484 576 384,228 00 00 00 42 93 04 00 00 94 75 76 55 22 18 $2,045,871 79 Date of Issue. Series. pJ | f c e. invoice. Total Value. Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 $197 187 176 166 156 146 137 127 118 110 101 93 84 76 69 61 54 46 39 33 26 19 13 7 1 Dues paid in advance . 76 02 54 33 37 64 16 92 90 10 50 12 95 97 19 60 19 95 89 00 28 72 33 09 00 837 850 975 854 1,145 1,137 1,388 1,213 1,236 1,943 2,219 1,989 2,520 3,051 2,994 3,791 4,471 4,406 4,507 4,601 4,424 5,551 6,547 8,400 6,054 . . $165,525 158,967 172,126 142,045 179,043 166,729 190,378 155,166 146,960 213,924 225,228 185,215 214,074 234,835 207,154 233,525 242,283 206,861 179,784 151,833 116,262 109,465 87,271 59,556 6,054 12 00 50 82 65 68 08 96 40 30 50 68 00 47 86 60 49 70 23 00 72 72 51 00 00 4,247 00 $4,154,520 99 Dues capital Profits capital Unpaid dues $3,518,461 00 621,166 99 14,893 00 $4,154,520 99 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , February 11—25 inclusive. BANK COMMISSIONER. No. S. 65 EQUITY CO-OPERATIVE BANK, WORCESTER. 390 MAIN STREET. Incorporated February 9, 1887. G eoege Began business M arch 17, 1887. W. B e o o k s , P r e s id e n t . G e o e g e O . B e id g e s , T r e a su r e r . B o a r d o f D ir e c t o r s : D a v i d A e m i t a g e , H a e e y B a l l a b d , F . J. B a b d w e l l , A l e x a n d e b B e l i s l e , G . O. B e id g e s , G. W . B e o o k s , A l b e r t E e i k s o n , H . E . F a y e b w e a t h e e , G. F . H a l l , J. J. H i g g i n s , U e g e l J a c q u e s , H . A . M o w e e , L. M . P e t t e e s o n , W . J. S t o n e , N . G. W i l l i a m s . ' i S e c u r i t y C om m itte e : E . J. B a e d w e l l , U e g e l J a c q u e s , J. J. H i g g in s . Regular meetings for receipt of moneys the second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate $1,050,700 00 Less amount due 4,900 00 ------------------ $1,045,800 00 Loans on shares . . . . 22,100 00 Comm on form mortgages . . 6,232 00 Real estate b y foreclosure, etc. . 12,354 69 Tem porary expense account . 703 14 Security committee . . . 72 38 Suspense account . . . 37 45 Cash . . . . . 52,508 18 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits Forfeiture profits Forfeited share account $938,739 156,352 15,941 16,756 9,450 1,058 2 441 22 1,042 $1,139,807 84 $1,139,807 84 Shares. Issued during year Withdrawn during year Forfeited during year Retired during year Matured during year Shares now pledged Shares in force 00 77 93 49 07 88 25 20 84 41 Membership. . . 5,635 3,030 113 . 1,337 252 . 6,051 . 22,214 Added during year W ithdrawn during year Members . . . Borrowers . . . . . . . 428 340 2,255 497 Profits Distributed. U n m a t u b b d Sh a b e s . First term, 2 % % ; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. 4 3 3 r e a l estate lo a n s (average, $2,415.24 each; average rate, 5.42%); 5%, $257,600; 5J/g%, $57,600; o ] 4 % < $57,600; 5 % % , $32,900; 5 ^ % , $487,900; 5^g%, $20,100; 5M % , $22,900; 5% % , $17,600; 6%, $52,750; 6 V s % , $8,450; 6 H % , $4,150; 6 ^ % , $550; 6 ^ % , $1,400; 6%%, $9,200; 6 % % , $6,900; 6 ^ % , $2,200; 7%, $5,500; 7 V S% , $200 ; 7M % . $300. 1 0 6 sh a re l o a n s (average, $208.49 each; average rate, 5.55%): 5%, $2,450; 5M % , $100; 5 % % , $1,100; 5J^%, $13,900; 5 % % , $400; 5 M % , $1,300; 5 V 8% , $400; 6%, $500; 6 ^ % , $300; 6 M % . $1,200 ; 6 ^ % , $50; 7%, $50; 7ys%, $50; 7 ^ % , $150; 7 ^ % , $150. Total Expenses for Year. Am ount paid for Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. ...........................................$2,016.38 ........................................... 1.77 Other Expenses. $906.49 .79 Total. $2,922.87 2 .5 6 66 REPORT OF THE Receipts and Disbursements. R Reconciliation of Share Account with Dues and Profits Capital. e c e ip t s . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Surplus Profits capital Security committee Certificates of deposit . Taxes and insurance . Suspense account Cash on hand October, 1915 $262,472 00 11,050 00 15,300 349,250 32,850 29,400 418 7,325 65,312 2,988 9 1,323 52 912 182 2 338 60,000 160 146 28,223 00 00 00 00 00 78 05 84 75 46 77 08 41 00 50 00 80 63 90 $867,718 97 D [Pub. Doc, is b u r se m e n t s. . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Uncompleted mortgage loans Real estate b y foreclosure . . . . Interest Temporary expense Forfeited share account Security committee Certificates of deposit . Taxes and insurance . Suspense account Cash on hand October, 1916 $104,191 2,926 158,535 35,696 15,538 412 51,142 13,743 305,800 26,750 31,000 17,869 2,394 2,922 645 306 90,000 152 184 7,508 00 00 00 00 27 51 72 20 00 00 00 58 73 87 80 23 00 80 08 18 Date of Issue. Series. p^Share. Æ c e . Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. .Sept. Mar. Sept. Mar. Sept. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 5,4 55 56 57 58 59 60 $194 182 171 161 150 140 131 121 112 103 95 86 78 70 63 55 49 42 35 28 21 15 9 3 07 82 85 26 95 96 25 84 71 83 21 83 64 73 00 46 33 19 21 41 80 36 10 00 Suspense dues . . Dues paid in advance . . 121 112 155 196 165 134 524 570 629 745 764 748 888 819 990 908 1,432 660 1,570 1,233 2,086 1,588 2,998 2,179 . . . Total Value. $23,482 20,475 26,636 31,606 24,906 18,888 68,775 69,448 70,894 77,353 72,740 64,948 69,832 57,927 62,370 50,357 70,640 27,845 55,279 35,029 45,474 24,391 27,281 6,537 47 84 75 96 75 64 00 80 59 35 44 84 32 87 00 68 56 40 70 53 80 68 80 00 10 00 1,165 00 $1,104,301 77 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $938,739 00 156,352 77 9,210 00 $1,104,301 77 $867,718 97 D ates op E x a m in a t io n and A u d it , September 5-16 inclusive. EUREKA CO-OPERATIVE BANK, BOSTON. 936 TREMONT STREET. Incorporated August 2, 1910. Began business September 1, 1910. J e s s e G o o d e , P r e s id e n t . B o a r d o f D ir e c t o r s : D . S e c u r i t y C o m m itte e : D a v id E. C r a w f o r d , T re a su re r. E. C r a w f o r d , J. W . A. C r a w f o r d , J e s s e G o o d e , F. N . J o h n s o n , S. L. M c h a n t , R . G . S m i t h , J. B. S t o k e s , E . J. W i n s t o n . F. N . J o h n s o n , J . B. S t o k e s , R . G . S m i t h . Regular meetings for receipt of moneys the first M onday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis er BAN K COMMISSIONER. No. 8.] 67 STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. $10,550 1,362 56 5,890 Loans on real estate . Loans on shares . Permanent expense account Cash . . . . 00 00 91 08 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Fines Withdrawal profits Forfeited share account Suspense account . . . . . $15,600 1,523 137 254 88 2 00 45 38 85 35 58 05 246 80 5 53 $17,858 99 $17,858 99 Shares. Membership. 85 95 10 123 451 Issued during year W ithdrawn during year Forfeited during year . Shares now pledged Shares in force Added during year Withdrawn during year Members . . . Borrowers . . . . . 25 22 102 26 . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2%; second term, 2j^% . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 9 r e a l estate lo a n s (average, 1 7 s h a re lo a n s (average, $80.11 $1,172.22 each; average rate, 5.90%): 5J^%, $2,000; 6%, $8,550. each; average rate, 6% ): 6%, $1,362. Total Expenses for Year. Salaries. Am ount paid for . C ost per $1,000 of assets Other Expenses. $125.04 7 .0 0 Total. $125.04 7.00 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Value, Shares m t i y „i1]p Date of Issue. Series. per Share. in Force. lotal Value28 $2,380 84 1 $85 03 Sept. 1910 13 1,055 47 81 19 Dec. 1910 2 13 1,005 94 Mar. 1911 3 77 38 12 882 84 73 57 June 1911 4 13 907 01 5 69 77 Sept. 1911 5 329 90 65 98 6 Dec. 1911 10 622 50 62 25 7 Mar. 1912 46 2,524 02 8 54 87 Sept. 1912 34 1,623 16 9 47 74 Mar. 1913 29 1,182 04 10 40 76 Sept. 1913 88 2,982 32 33 89 11 Mar. 1914 15 408 15 27 21 12 Sept. 1914 38 785 84 20 68 13 Mar. 1915 44 629 64 14 31 14 Sept. 1915 42 339 78 8 09 15 Mar. 1916 21 42 00 2 00 16 Sept. 1916 Dues capital . . . Share loans repaid . . Interest . . . . Premiums . . . . Fines . . . . Withdrawal profits . . Forfeited profits . . . Forfeited share account . Suspense account . . Cash on hand October, 1915 . . . . . . . . . . $5,094 00 483 00 780 85 3 60 48 76 24 69 5 03 138 91 1 20 2,744 95 $9,324 99 D is b u r s e m e n t s . Dues capital withdrawn . Dues capital forfeited . . Profits capital withdrawn . Profits capital forfeited . Real estate loans . . Share loans . . . Tem porary expense . . . Forfeited share account . Cash on hand October, 1916 . . . . . . . . $2,047 00 128 00 171 73 20 14 500 00 485 00 75 04 8 00 5,890 08 Dues paid in advance . $9,324 99 Dues capital Profits capital Unpaid dues 134 00 $17,835 45 $15,600 00 1,523 45 712 00 $17,835 45 D ates of E x a m in a t io n and https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis A u d it , February 1, 2 inclusive. [Pub. Doc. REPO RT OF THE EVERETT CO-OPERATIVE BANK, EVERETT. 449 B, BROADWAY. Incorporated September 24, 1890. C harles Began business October 14, 1890. B . L a d d , P r e s id e n t . B o a r d o f D ir e c t o r s : D . J. H . L a r k i n , C. S e c u r i t y C om m itte e : E R . F a l l , T re a su re r. rn est P. B a i l e y , E . R . F a l l , C. S. H a l l e t t , M . P. H a r v e y , G. E . H u n t , C. B. L a d d , C. N i c h o l s , G. W. P l a i s t e d , W. J. R o c k w o o d , W. C. S i m e s , P. C. W e e k s . E . R . F a l l , C. B . L a d d , G. W. P l a i s t e d . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate . . . Loans on shares . . . . Unpaid fines . . . Permanent expense account . Tem porary expense account . C a s h .......................................... $323,615 00 12,601 00 54 98 300 00 70 33 23,873 22 $299,990 00 41,516 47 Dues capital Profits capital . . . . 13 matured shares represented b y certificates Guaranty fund . Surplus Interest W ithdrawal profits Forfeiture profits Forfeited share account Matured share account Personal accounts 2,600 4,065 3,284 1,074 27 00 29 90 26 53 27 14 83 7,921 20 19 78 $360,514 53 $360,514 53 Membership. Shares. Issued during year . . . . W ithdrawn during year . . . Forfeited during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 2,793 1,384 11 85 2,219 8,886 13 Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 287 147 1,181 235 Profits Distributed. U n m a t t ir e d S h a r e s . First term, 2 % % \ second term, 2 % % . M atured S h a r e C e r t if ic a t e s . First term, 2J4% ; second term, 2 } i % . P roportion of profits retained on voluntary withdrawals, 15% on series not over 5 years old; 10% on series 5 to 8 years old; after 8 years, none. Rates and Averages on Loans. 1 6 9 r e a l estate lo a n s (average, $1,914.89 each; average rate, 5.93% ); 5%, 9 9 s h a re lo a n s (average, $127.29 each; average rate, 6% ): 6%, $12,601. $21,500; 6%, $302,115. Total Expenses for Year. Am ount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $1,050.00 .......................................... 2.91 Other Expenses. $1,275.70 3 .54 BANK COMMISSIONER, No. 8.] Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R E C E IP T S . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Matured share account Matured share certificate account . Personal accounts Guaranty fund . Cash on hand October, 1915 $99,526 00 800 00 2,500 80,170 6,137 730 19,028 543 3 377 4 186 14,055 2,600 19 5 10,569 00 00 00 22 16 81 00 70 02 01 41 00 78 62 56 $237,256 29 D is b u r s e m e n t s . $46,603 205 7,540 7,476 26 2,808 130,250 8,953 730 200 2,125 267 6,134 61 23,873 Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Tem porary expense Forfeited share account Matured share account Surplus . . . . Cash on hand October, 1916 00 00 00 64 76 48 00 00 22 80 70 68 21 58 22 Date of Issue. Series. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 -53 o r E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , Value $188 177 167 157 147 138 128 119 110 102 93 85 77 69 62 54 47 40 33 26 19 13 7 1 Dues paid in advance . 33 79 56 53 74 19 89 79 93 25 80 56 51 65 00 53 23 11 17 40 80 36 10 00 inSForce Total Value. 21 66 38 38 46 22 3 46 145 127 258 240 502 347 346 271 286 752 713 592 905 1,179 1,362 581 $3,954 11,734 6,367 5,986 6,796 3,040 386 5,510 16,084 12,985 24,200 20,534 38,910 24,168 21,452 14,777 13,507 30,162 23,650 15,628 17,919 15,751 9,670 581 93 14 28 14 04 18 67 34 85 75 40 40 02 55 00 63 78 72 21 80 00 44 20 00 402 00 $344,162 47 Dues capital Profits capital Unpaid dues $237,256 29 D ates 69 January 11-15 inclusive. $299,990 00 41,516 47 2,656 00 $344,162 47 70 [Pub. Doc, REPO RT OF TH E FALL RIVER CO-OPERATIVE BANK, FALL RIVER. 29-33 BEDFORD STREET. Incorporated December 1, 1888. Began business December 12, 1888. E bic W . B o r d e n , P r e s id e n t . Frank E . W e st g a t e , T rea su rer. B o a r d o f D ir e c t o r s : R . N . A l l e n , E . W. B o r d e n , J e f f e r s o n B o r d e n , S. H. B o r d e n , C. A . B r o w n , M . R . B r o w n , R . W. B u r r e l l , C. E . B u r y , B. D . D a v o l , C. D . D a v o l , E . J. F r e n c h , J. W. G r a n t , H. M . H a t h a w a y , P. H. H o o d , J o h n I s h e r w o o d , E . B . J e n n i n g s , G . O . L a t h r o p , A . N . L i n c o l n , E . A . L i n c o l n , E . B . L o v e l l , F . J. M c L a n e , J. A . P e a r s o n , R . G . R i l e y , F . E . W estg a te . S e c u r i t y C o m m itte e : B . D . D a v o l , E . A . L i n c o l n , C. A . B r o w n . Regular meetings for receipt of moneys the second Wednesday of each m onth. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Tem porary expense account Cash . . . . Liabilities. $1,339,250 27,200 3,300 3,031 371 57,148 00 00 00 40 82 13 Dues capital . . . . $1,175,958 00 Profits capital . . . . 167,434 07 124 matured shares represented b y 24,800 00 certificates . . . . 15,212 96 Guaranty fund . . . . 32,539 98 Surplus . . . . . 12,985 96 Interest . . . . . Fines . . . . . 309 12 Forfeited share account 1,060 86 40 Personal accounts $1,430,301 35 $1,430,301 35 Shares. Issued during year W ithdrawn during year Forfeited during year Retired during year Matured during year Shares now pledged Shares in force Membership. . 10,100 . 6,753 55 233 89 . 8,532 . 33,982 ficates 124 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . 735 591 3,373 850 Profits Distributed. U nm atured Sh ar es. First term, 2^g%; second term, 2 % % . M atured S h a r e C e r t if ic a t e s . First term, 2 % % ; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 7 5 4 re a l estate lo a n s (average, $1,776.19 H I s h a re lo a n s (average, $192.90 each; each; average rate, 5 } 4 % ) : 5J^%, $1,339,250. average rate, 53^%): 5 H % , $27,200. Total Expenses for Year. Am ount paid for Cost per $1,000 of assets . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $2,723.96 .......................................... 1.90 Other Expenses. Total. $2,698.27 $5,422.23 1.89 3 .79 BANK COMMISSIONER. No. 8.] Receipts and Disbursements. Reconciliation of Share Account with Dues $391,237 00 Dues capital . . . . Real estate loans eliminated b y foreclosure . . . . Real estate loans repaid Share loans repaid Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Fines . . . . . Forfeited share account M atured share certificate account . Personal accounts Cash on hand October, 1915 1,000 344,450 32,050 500 1,333 f4,137 1,479 3,301 8,800 115 4,580 00 00 00 00 00 97 17 06 00 00 02 $862,983 22 D is b u r se m e n t s. $199,065 3,148 32,765 12,898 24,401 675 11,260 4,875 469,800 34,350 1,384 860 5,422 Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Fines . . . . . Forfeited share account Persona! accounts Matured share certificate account . Dividends on matured share certificates . . . . . Cash on hand October, 1916 71 00 00 00 00 49 91 66 42 00 00 Date of Issue. Series. Sept. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1904 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 33 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 Value $200 179 169 159 149 139 130 121 112 103 94 86 78 70 62 55 48 41 34 27 20 14 8 2 Shares 96 46 11 04 17 55 18 06 12 41 90 60 52 65 93 44 12 01 08 33 75 34 09 00 4 134 191 261 413 331 433 357 594 461 747 507 899 802 1,575 1,854 2,180 1,649 1,916 2,222 4,111 3,832 4,352 4,157 $803 84 24,047 64 32,300 01 41,509 44 61,607 21 46,191 05 56,367 94 43,218 42 66,599 28 47,672 01 70,890 30 43,906 20 70,589 48 56,661 30 99,114 75 102,785 76 104,901 60 67,625 49 65,297 28 60,727 26 85,303 25 54,950 88 35,207 68 8,314 00 Dues paid in advance . 806 00 68 31 23 10 2,254 20 114 60 1,600 00 $1 347,398 07 Dues capital Profits capital Unpaid dues . $1 175,958 00 167,434 07 4,006 00 959 49 57,148 13 $1, 347,398 07 $862,983 22 D ates op E x a m in a t io n and A u d it , April 2 6 -M a y 8 inclusive. FARRAGUT CO-OPERATIVE BANK, BOSTON. 236 K STREET (SOUTH BOSTON DISTRICT). Incorporated December 30, 1909. G u il f o r d D . B b o w n , P r e s id e n t . Began business February 15, 1910. T heodobe L. K elly, T rea su rer. B o a r d o f D ir e c t o r s : W . E . B b a c e , G. D . B b o w n , A l l a n C a m p b e l l , C. J. C o l l i n s , J. H. C o b n e y , F. R . F it z g e e a l d , T . L. K e l l y , H. T. M o b s e , F. B. M o r t o n , M . J. O ’ L e a b y , C. W . P i k e , E . J. P o w e r s , P . H. R a f t e b y , J. W . R e d m o n d , W . G . R o d d , E . R . S p i n n e y , W . L. T i b b e t t s , A . R . W ood. S e c u r it y C om m itte e : G. D . B r o w n , E . R . S p i n n e y , F . R . F i t z g e r a l d , C. W . P i k e , P . H. R a f t e b y . Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Suspense account Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $100,030 4,030 186 18 18 11,842 00 00 33 24 32 59 $116,125 48 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account $99,015 13,954 891 1,503 760 00 41 44 65 98 $116,125 48 72 REPO RT OF THE [Pub. Doc. Shares. Membership. Issued during year Withdrawn during year Forfeited during year . Shares now pledged Shares in force . 551 459 35 649 2,295 Added during year W ithdrawn during year Members . . . Borrowers . . . . . 64 61 308 64 . . Profits Distributed. U n m a t u b e d Sh a r e s . First term, 1 J 4 % ; second term, 1 M % ; third term, 1 M % ; fourth term, 1 M % . Proportion, of profits retained on voluntary withdrawals, 25% on series not over 4 years old; 20% on series from 4 to 5 years old; 15% on series from 5 to 6 years old; 10% on series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none. Rates and Averages on Loans. (average, $1,923.65 each; average rate, 5.16%); 5%, $23,880; 5b£%, $2,600; 5J^%, $69,150; 6%, $440. 2 2 sh a re lo a n s (average, $183.18 each; average rate, 6% ): 6%, $4,030. 52 re a l estate lo a n s Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . Salaries. $200.00 1.72 . Receipts and Disbursements. $26,962 00 by 8,000 8,750 4,874 5,626 211 335 1 685 39 45 110 00 00 00 96 60 35 26 63 63 00 76 10 6,128 59 $61,770 88 D is b u r s e m e n t s . $12,986 814 1,455 96 27,550 5,529 129 315 1,042 6 3 11,842 Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans Suspense account Tem porary expense Forfeited share account Surplus . . . . Withdrawal profits Cash on hand October, 1916 Total. $315.81 2.72 Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . Real estate loans eliminated foreclosure Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . W ithdrawal profits Forfeited profits . Forfeited share account Profits capital Security committee Suspense account Surplus . . . . Cash on hand October, 1915 Other Expenses. $115.81 1.00 00 00 75 17 00 00 08 81 55 50 43 59 Date of Issue. Series. pJra^ eare. inShares Force. Total Value. 1 $96 47 Feb. 1910 439 $42,350 33 2 92 29 74 M ay 1910 6,829 46 3 84 08 36 3,026 88 Nov. 1910 4 80 05 120 Feb. 1911 9,606 00 5 76 07 46 Ma y 1911 3,499 22 6 72 14 Aug. 1911 13 937 82 7 68 27 59 4,027 93 N ov. 1911 8 64 43 Feb. 1912 73 4,703 39 9 60 65 25 1,516 25 M ay 1912 10 56 91 46 Aug. 1912 2,617 86 11 53 23 18 N ov. 1912 958 14 12 49 58 142 Feb. 1913 7,040 36 13 45 98 45 M ay 1913 2,069 10 14 42 41 114 4,834 74 Aug. 1913 15 38 90 N ov. 1913 75 2,917 50 16 35 43 Feb. 1914 81 2,869 83 17 32 00 54 M ay 1914 1,728 00 18 Aug. 1914 28 62 50 1,431 00 19 N ov. 1914 25 28 147 3,716 16 20 21 98 66 1,450 68 Feb. 1915 21 M ay 1915 18 72 43 804 96 22 15 50 Aug. 1915 37 573 50 23 12 32 135 1,663 20 N ov. 1915 24 9 18 133 Feb. 1916 1,220 94 25 6 08 474 24 M ay 1916 78 26 Aug. 1916 3 02 146 440 92 Suspense dues Dues paid in advance . 41 00 174 00 $113,523 41 $61,770 88 Dues capital . Profits capital Unpaid dues $99,015 00 13,954 41 554 00 $113,523 41 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , February 23-25 inclusive. BANK COMMISSIONER. No. 8.] 73 FEDERAL CO-OPERATIVE BANK, BOSTON. 161 DEVONSHIRE STREET. Incorporated January 29, 1890. F e a n c is G . W ash bu rn , Began business February 6, 1890. J. B r o w n e , T r e a s u r e r . T h om as P r e s id e n t . B o a r d o f D ir e c t o r s : L. W . B l a n c h a r d , T . J. B r o w n e , J. F. J. C o u n t i e , J. A. G a l v i n , C. P. H a n l o n , J. D . H o l l a n d , G . C. K e e n a n , D . L. M a h o n e y , F. H . M a i n e , J. J. M c G a n n , J. W . M c G r a t h , F. G . P r a t t , W . J. Q u i n n , E . P . S u l l i v a n , J. F. S u l l i v a n , W . H . T u c k e r , J. L. W a l s h , F. G. W ash bu r n . S e c u r it y C om m itte e : D. L. M ahoney, J. F. J. C o u n t i e , F. G . W ash burn, J. Q u i n n . W. Regular meetings for receipt of moneys the first Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Unpaid interest . Cash . . . . . $370,070 18,200 4,760 1,286 1,263 27,026 00 00 00 24 51 97 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . . Forfeited share account . . . $356,787 59,087 3,853 2,744 134 . . . . . $422,606 72 $422,606 72 Membership. Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force 00 25 44 62 41 . . . . 1,959 1,557 19 111 2,754 8,258 Added during year W ithdrawn during year Members . . . Borrowers . . . . . . . 174 161 976 244 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 1 )4 % ; second term, 1)4 % ; third term, 1 34 % ; fourth term, 1 34 %. Proportion of profits retained on voluntary withdrawals, 25% for first four years; after 4 years, none. Rates and Averages on Loans. 1 6 3 r e a l estate lo a n s (average, $2,270.36 each; average rate, 5.44% ): 5%, $283,460; 5 % % , $4,440; 6%, $5,270; 634%, $7,000; 634%, $2,600. 1 6 7 sh a re lo a n s (average, $108.98 each; average rate, 6% ): 6%, $18,200. $64,500; 534%. $2,800; 5)4% , Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $933.28 2.21 Other Expenses. $905.22 2.14 Total. $1,838.50 4 .3 5 [Pub. Doc. REPO RT OF TH E 74 Reconciliation of Share Account with Due3 and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Withdrawal profits Forfeited profits . Forfeited share account Surplus . . . . Profits capital Guaranty fund . Cash on hand October, 1915 $98,627 00 2,700 00 2,200 88,000 16,840 110 3,991 21,850 494 286 6 629 1 304 60 9,386 00 00 00 00 91 66 24 96 63 36 12 02 99 80 $245,489 69 D is b u r s e m e n t s . $49,689 676 16,295 6,768 78 5,980 113,500 19,420 2,649 1,838 503 904 160 27,026 Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Tem porary expense Forfeited share account Guaranty fund . Surplus . . . . Cash on hand October, 191b 00 00 00 08 65 09 00 00 13 50 10 48 69 97 $245,489 69 Shares Value Date of Issue. Series. per Share. in Force. Total Value. 39 $7,635 81 31 $195 79 N ov. 1904 151 28,768 52 32 190 52 Feb. 1905 7,414 00 40 185 35 33 M ay 1905 11,554 62 175 07 66 34 Nov. 1905 164 98 36 5,939 28 35 M ay 1906 54 8,377 02 155 13 36 Nov. 1906 78 11,346 66 145 47 37 M ay 1907 7,892 64 58 38 136 08 Nov. 1907 7,105 28 56 39 126 88 M ay 1908 207 24,399 09 40 117 87 Nov. 1908 12,323 78 113 41 109 06 M ay 1909 250 25,120 00 42 100 48 Nov. 1909 20,165 52 92 08 219 43 M ay 1910 317 26,596 30 44 83 90 Nov. 1910 18,149 66 239 45 75 94 M ay 1911 6,840 95 72 01 95 46 Aug. 1911 18,335 04 269 68 16 47 N ov. 1911 193 12,417 62 64 34 48 Feb. 1912 13,204 26 60 57 218 49 M ay 1912 9,263 29 163 50 56 83 Aug. 1912 14,350 50 270 53 15 51 N ov. 1912 411 20,352 72 52 49 52 Feb. 1913 413 18,969 09 53 45 93 M ay 1913 8,435 61 42 39 199 54 Aug. 1913 8,402 40 216 55 38 90 Nov. 1913 13,073 67 369 56 35 43 Feb. 1914 6,912 00 00 216 57 32 M ay 1914 146 4,178 52 28 62 58 Aug. 1914 7,482 296 88 25 28 59 Nov. 1914 384 8,440 32 60 21 98 Feb. 1915 6,982 72 373 56 18 61 M ay 1915 5,688 50 367 62 15 50 Aug. 1915 4,632 32 376 12 32 63 Nov. 1915 440 4,039 20 64 9 18 Feb. 1916 3,161 60 520 65 6 08 M ay 1916 1,211 02 401 66 3 02 Aug. 1916 311 00 Dues paid in advance . $419,473 25 $356,787 00 59,087 25 3,599 00 Dues capital Profits capital Unpaid dues $419,473 25 D ates of E x a m in a t io n and A u d it , January 20-25 inclusive. FELLSWAY CO-OPERATIVE BANK, MALDEN. 95 PLEASANT STREET. Incorporated April 7, 1915. P eter F . Began business June 7, 1915. J. C a r n e y , P r e s id e n t . W il l ia m J. D r is c o l l , T r e a su r e r . B o a r d o f D ir e c t o r s : A. H . B e n o i t , H. A. B u c k l e y , P. F. J. C a r n e y , F . A. S. C o s g r o v e , J. R . C o s g r o v e , T . D . C r o n i n , M . F. C u n n i n g h a m , F . C . D o u c e t t e , W . J. D r is c o l l , J. J. F i t z g e r a l d , G i o v a n n i G i a n q u i t t o , J. H. G r a d y , E. M . G u t h r i e , J. J. K e a n e y , J. B . K e n n e d y , A. G . L e d w i t h , G . A. M c C o r m a c k , P. J. M c S h a n e , J. S . P o t t e r , L . L . R a m s d e l l , D . P . R o s s i t e r , C h a r l e s S c h u m a c h e r , F. J. W e l s h , S . F. W e l s h . S e c u r it y C om m itte e : H . A. B u c k l e y , T . D . C r o n i n , S. F. W elsh . Regular meetings for receipt of moneys the first M onday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 75 BANK COMMISSIONER. No. 8.1 STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. $27,124 1,050 93 209 2,011 Loans on real estate Loans on shares . Permanent expense account Tem porary expense account Cash . . . . 10 00 90 45 31 Dues capital ■. . Profits capital . . Guaranty fund . . Surplus . . . Interest . . . Fines . . . Transfer fees . . Withdrawal profits Personal accounts Security committee Contingent fund . . . . . . . . . . . . . . $29,191 460 29 45 525 65 28 18 9 115 00 12 84 81 95 39 25 40 00 00 00 $30,488 76 $30,488 76 Membership. Shares. 607 547 229 2,165 Issued during year W ithdrawn during year Shares now pledged Shares in force Added during year Withdrawn during year Members . . . Borrowers . . . . . 86 93 386 23 . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, second term, 2M % . Proportion of profits retained on voluntary withdrawals, 20% on series not over 5 years old; after 5 years, none. Rates and Averages on Loans. 1 4 r e a l estate lo a n s (average, $1,937.44 9 sh a re lo a n s (average, $116.67 each; each; average rate, 5.53% ): 5J^%, $26,000; 6%, $1,124.10. average rate, 6% ): 6%, $1,050. Total Expenses for Year. Salaries. - Am ount paid for . . C ost per $1,000 of assets Other Expenses. $360.68 11.83 Total. $360.68 11.83 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Personal accounts Security committee Cash on hand October, 1915 $23,144 4,300 50 1,058 133 42 18 18 4,513 00 00 00 21 82 25 65 00 00 26 $33,278 19 D Date of Issue. Series, p^ f a r e June 1915 Dec. 1915 June 1916 . $3,189 61 26,474 1,100 338 103 2,011 ates op E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , i^Force Total Value. 1,666 337 162 $28,755 16 3,733 96 810 00 118 00 $33,417 12 Dues capital Profits capital Unpaid dues 00 35 10 00 53 90 31 $33,278 19 D $17 26 11 08 5 00 Dues paid in advance . is b u r s e m e n t s . Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans . . . Temporary expense Permanent expense Cash on hand October, 1916 1 2 3 N ovember 3-9 inclusive. $29,191 00 460 12 3,766 00 $33,417 12 REPO RT OF THE 76 [Pub. Doc, FIDELITY CO-OPERATIVE BANK, FITCHBURG. 745 MAIN STREET. Incorporated April 25, 1888. Sam u el Began business M a y 8, 1888. L. G r a v e s , P r e s id e n t . W . G. H a y e s , T r e a s u r e r . B o a r d o f D ir e c t o r s : G . B . B a r t l e t t , J . H . D a n i e l s , M . F . D u n n , F . H . F o s s , S. L . G r a v e s , W . G . H a y e s , H . O. I r v i n g , W . C . J o h n s o n , D . H . M e r r i a m , S. W. M i l l e r , W . E . P u t n e y , R . E. T h o m s o n , A . L. W a l k e r , A u g u s t u s W e l l i n g t o n . S e c u rity C o m m itte e : S. L. G r aves, A ugu stu s W e l l in g t o n , D. H. M e r r ia m , F. H. F oss, W . E. P u t n e y . Regular meetings for receipt of moneys the last Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Tem porary expense account Insurance and taxes paid Cash . . . . Liabilities. $1,387,105 33,218 16,468 1,010 99 43,731 00 00 57 33 25 20 Dues capital . . . . $1,047,943 00 Profits capital . . . . 205,332 45 849 matured shares represented b y certificates . . . . 169,800 00 Guaranty fund . . . . 18,459 85 Surplus . . . . . 23,941 28 Interest . . . . . 14,588 72 Fines . . . . . 287 42 Withdrawal profits 204 72 Forfeited share account 66 96 Personal accounts 1,007 95 $1,481,632 35 $1,481,632 35 Shares. Issued during year W ithdrawn during year Forfeited during year M atured during year Shares now pledged Shares in force Membership. . . 5,394 3,212 161 602 . 8,543 . 20,966 lficates 849 Added during year Withdrawn during year Members . . . Borrowers . . . . . . 503 378 2,133 818 Profits Distributed U nm atured Sh ar es. First term, 114,%', second term, 1M % ; third term, 1M % ; fourth term, 1M%M atured S h a r e C e r t if ic a t e s . First term, 1 } 4 % ; second term, V A % ; third term, 13/8% ; fourth term, 1J^%. Proportion of profits retained on voluntary withdrawals, 10%. Rates and Averages on Loans. 7 0 3 r e a l estate lo a n s (average, $1,973.12 each; average rate, 5.87% ): 5%, $173,375; 6%, $1,213,730. 1 6 4 sh a re lo a n s (average, $202.55 each; average rate, 5.96 % ): 5%, $1,210; 6% , $32,008. Total Expenses for Year. Salaries. Amount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2.39 Other Expenses. $2,485.84 1.68 Total. $6,035.84 4 .0 7 No. 8. BANK COMMISSIONER. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Withdrawal profits Forfeited profits . Matured share certificate account . Personal accounts Cash on hand October, 1915 $243,915 00 32,100 00 19,050 342,750 34,724 23,255 82,231 1,867 945 9 66,600 284 21,177 00 00 00 71 19 41 33 56 00 05 13 $868,909 38 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Real estate b y foreclosure Interest . . . . . Tem porary expense Forfeited share account Matured share account Matured share certificate account . Personal accounts Dividend on matured shares Certificates of deposit . Cash on hand October, 1916 77 $90,811 959 88,321 11,666 96 31,792 522,900 28,960 35,191 1,041 6,035 5 996 200 6 6,193 23,000 20,731 00 00 00 67 79 31 00 00 59 78 84 90 80 00 00 50 00 20 $868,909 38 Date of Issue. Series. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. June Sept. Dec. Mar. June Sept. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1915 1915 1916 1916 1916 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 Value per Share. $198 91 188 21 177 74 167 54 157 56 147 87 138 37 129 12 120 08 111 26 102 66 100 26 86 05 78 05 70 24 62 64 55 22 47 98 40 91 34 01 27 29 20 73 17 52 14 33 11 19 8 09 5 03 2 00 274 312 324 499 607 676 361 428 380 474 598 699 522 585 741 819 656 1,020 971 1,477 1,228 1,024 705 876 971 1,342 1,170 1,227 $54,501 58,721 57,587 83,602 95,638 99,960 49,951 55,263 45,630 52,737 61,390 65,887 44,918 45,659 52,047 51,302 36,224 48,939 39,723 50,232 33,512 21,227 12,351 12,553 10,865 10,856 5,885 2,454 34 52 76 46 92 12 57 36 40 24 68 74 10 25 84 16 32 60 61 77 12 52 60 08 49 78 10 00 2,349 00 Dues paid in advance . ' Dues capital Profits capital Unpaid dues inSForce. Total Value. $1,261,975 45 $1,047,943 00 205,332 45 8,700 00 $1,261,975 45 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and, A u d it , July 6-17 inclusive. 78 REPO RT OF THE [Pub. Doc. FITCHBURG CO-OPERATIVE BANK, FITCHBURG. 298 MAIN STREET. Incorporated October 27, 1877. Began business N ovember 8, 1877. Jabez F . F is h e b , P r e s id e n t . W a rn e r M . A l l e n , T r e a su r e r . E . W . B a k e r , M . A . C oolidge , D . M . D il lo n , M ichael D on lon , F. L. D r u r y , VV. W . H e n r y , W . T . H id d en , J. L. J o h nson , J. D . L it tl e h a le , D a vid L o w e , O. M . L o w e , A . S. M orse , J. W . P ic k e r in g , A le x a n d e r T h omson , G . V . U pto n . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : D . M . D il lo n , O. M . L o w e , F . L . D r u r y . Regular meetings for receipt of moneys the last business day of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate $1,873,625 00 Less amount due 250 00 Loans on shares . Real estate b y foreclosure, etc. Insurance and taxes paid Cash . . . 00 00 58 36 19 Dues capital . . . . $1,574,571 00 Profits capital . . . . 308,378 60 764 matured shares represented by 152,800 00 certificates . . . . 37,292 87 Guaranty fund . . . . 57,799 08 Surplus . . 1,984 94 Interest . . . . . Forfeited share account 1,199 43 Personal accounts 725 21 $2,134,751 13 $2,134,751 13 $1,873,375 38,778 25,398 145 197,054 Shares. Membership. Issued during year . ' . . 8,328 Withdrawn during year . . . 4,592 Forfeited during year . . . . 262 Retired during year . . . . 252 M atured during year . . . . 880 Shares now pledged . . . . 11,845 Shares in force . . . . . 32,801 Matured shares represented b y certificates 764 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . 788 587 3,624 1,214 Profits Distributed. U nm atured Sh ar e s . First term, 1 H % > second term, 1M % ! third term, 1Ji % ; fourth term, 1M%M atu red Sh ar e C e rtificates . First term, 1Us%; second term, V A % '< third term, V / s % \ fourth term, 1 % % . Proportion of profits retained on voluntary withdrawals, 10%. Rates and Averages on Loans. 1 , 1 8 2 re a l estate lo a n s (average, $1,654.92 2 0 1 s h a re lo a n s (average, $192.92 each; each; average rate, 5.94% ): 5% , $109,350; 6%, $1,764,025. average rate, 5.97% ): 5%, $1,070; 6%, $37,708. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. Other Expenses. $4,089.00 $7,054.06 1.91 3 .30 Total. $11,143.06 5 .2 1 BANK COMMISSIONER. No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital . . . . Real estate loans eliminated byforeclosure . Real estate loans eliminated by maturity of shares .. Real estate loans repaid Share loans repaid Uncompleted mortgage loans Mortgages . . . Security committee Real estate b y foreclosure Interest . . . . . Overs and shorts . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Tem porary expense Forfeited share account Surplus . . . . . Matured share account Matured share certificate account . Personal accounts Taxes and insurance . Certificates of deposit . Cash on hand October, 1915 $387,709 00 33,650 00 29,450 452,915 58,675 1,050 9,650 275 22,804 116,881 219 2,029 23 1,439 93 366 1,204 198 12,907 53,800 31,856 818 60,000 51,343 00 00 00 00 00 00 59 23 11 16 51 87 98 26 63 71 80 00 54 27 00 61 $1,329,361 27 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans ' Uncompleted mortgage loans Overs and shorts Real estate b y foreclosure . Interest . Tem porary expense Forfeited share account Matured share account Matured share certificate accpunt . Interest on matured share certifi cates . . . . . Personal accounts Taxes and insurance . Surplus . . . . Certificates of deposit . Cash on hand October, 1916 $125,668 6,171 18,454 129,087 14,363 938 5,611 46,994 603,290 54,093 800 294 43,003 2,124 11,009 757 12,907 8,600 00 00 00 00 29 92 66 59 00 00 00 95 17 33 32 50 80 00 6,086 31,105 743 203 130,000 77,054 25 62 37 31 00 19 Value Date of Issue. Series. per Share. 55 $197 24 N ov. 1904 186 54 56 M ay 1905 176 06 57 Nov. 1905 88 165 58 1906 M ay 155 89 59 Nov. 1906 146 12 60 M ay 1907 136 57 61 Nov. 1907 62 127 26 M ay 1908 118 16 63 N ov. 1908 109 33 64 M ay 1909 100 70 65 Nov. 1909 92 27 66 M ay 1910 84 06 67 1910 76 05 68 M ay 1911 68 25 69 1911 60 64 70 M ay 1912 53 22 71 Nov. 1912 72 45 98 M ay 1913 38 91 73 Nov. 1913 32 01 74 M ay 1914 25 29 75 1914 21 99 76 Feb. 1915 18 73 77 M ay 1915 15 51 78 Aug. 1915 12 33 79 1915 80 9 19 Feb. 1916 6 09 81 M ay 1916 3 03 82 Aug. 1916 Dues paid in advance . ates of Dues capital Profits capital Unpaid dues E x a m in a tio n and A u d it , M ay 22-June 2 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Shares Total Value. in Force. 548 $108,087 52 109,685 52 588 127,467 44 724 86,-257 60 520 94,157 56 604 96,000 84 657 76,342 63 559 58,794 12 462 75,031 60 635 82,544 15 755 84,084 50 835 67,633 91 733 89,944 20 1,070 83,350 80 1,096 84,425 25 1,237 95,386 72 1,573 65,300 94 1,227 72,372 52 1,574 92,527 98 2,378 63,891 96 1,996 45,167 94 1,786 21,946 02 998 32,365 44 1,728 19,015 26 1,226 24,733 98 2,006 13,886 09 1,511 12,368 79 2,031 5,284 32 1,744 5,691 00 $1,893,746 60 $1,329,861 27 D 79 $1,574,571 00 308,378 60 10,797 00 $1,893,746 60 80 REPO RT OF TH E [Pub. Doc. FOREST HILLS CO-OPERATIVE BANK, BOSTON. 3710 WASHINGTON STREET. Incorporated M arch 20, 1914. Began business April 23, 1914. F r an k D o n n e ll y , T r e a su r e r . T homas D o w n e y , P r e sid e n t . J. B. A rch ibald , J. F. C r o n in , F r an k D on n e ll y , T homas D o w n e y , R . T . F o w le r , F. T . K e l l e y , J. P. K e l l e y , 6 . F. K reppel , J. H. L . L e a r d , W illiam L ist , J. F . M c D onald , C. W . M c G u ir e , W . T . M c L a u g h l in , G. P. M ac L e l l a n , C. C. M itch ell , W illiam N o la n , J. W . P a tterson , E . J. S u l l iv a n , J. F . S u l l iv a n . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : R . T . F o w le r , G . P. M ac L e l l a n , W. T . M cL a u g h l in . Regular meetings for receipt of moneys the fourth W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate . . . Loans on shares . . . . Permanent expense account . Tem porary expense account . C a s h ........................................... $52,450 00 1,120 00 77 22 20 65 3,573 29 Dues capital . Profits capital Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits Security committee Suspense account . . . Membership. Shares. . . . . . 00 38 52 47 03 79 50 4 00 10 00 44 47 $57,241 16 $57,241 16 Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . $53,741 2,837 153 135 301 13 . . . . . . . . . 9 0 4 . 341 19 332 2,782 121 37 363 31 Added during year Withdrawn during year Members Borrowers Profits Distributed. U nm atured Sh ar e s . First term, 1 H % ', second term, 1M % ; third term, 1M % ; fourth term, 1M %- Proportion of profits retained on voluntary withdrawals, 20%. Rates and Averages on Loans. S3 r e a l estate lo a n s (average, $2,280.43 each; average rate, 5.85% ): 8 sh a re lo a n s (average, $140 each; average rate, 6% ): 6%, $1,120. 5J^%, $15,000; 6%, $37,450. Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .......................................... ........................................... Salaries. $105.96 1.85 Other Expenses. $280.39 4 .9 0 Total. $386.35 6 .74 No. 8.] 81 BANK COMMISSIONER. Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Permanent expense Fines . . , . Transfer fees . . . Withdrawal profits Security committee Tem porary expense Forfeited share account Suspense account Profits capital . . . Surplus . . . . Cash on hand October, 1915 . $29,637 1,600 550 2,591 50 110 1 . . . 40 70 47 48 98 5 91 2,751 00 00 00 14 00 23 00 74 00 39 34 68 21 36 81 Date of Issue. Series. April Oct. April July Oct. Jan. April July Oct. 1914 1914 1915 1915 1915 1916 1916 1916 1916 1 2 3 4 5 6 7 8 9 Value Shares Total Value. per Share. in Force. $33,891 00 $33 00 1,027 7,752 60 295 26 28 5,541 32 281 19 72 2,128 50 16 50 129 228 3,036 96 13 32 2,382 12 234 10 18 1,805 40 255 7 08 174 699 48 4 02 159 00 1 00 159 157 00 Dues paid in advance . $57,553 33 $37,692 90 Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . Interest . . . . Temporary expense Permanent expense Forfeited share account Guaranty fund . . . Suspense account Surplus . . . . Cash on hand October, 1916 . . . . $53,741 00 2,837 38 975 00 Dues capital Profits capital Unpaid dues D isbu rsem ents . $4,726 45 242 3 26,900 1,420 373 10 149 149 95 4 3,573 00 00 75 34 00 00 25 74 50 34 48 00 21 29 $57,553 38 $37,692 90 D ates of E xam in a tio n and A ud it , October 13, 14 inclusive. FOXBOROUGH CO-OPERATIVE BANK, FOXBOROUGH. CENTRAL STREET. Incorporated February 25, 1889. Began business March 19, 1889. F. A. P e tt e e , P r e sid e n t . F rederick S. L a n e , T r e a su r e r . W . B e m is , B . P. C rocker , F. H . C a r m s l e , P. J. H a ig is , A . J. H artshorn , T . F. M a g u ir e , H . E . N e w t o n , H . M . St o w e l l , T homas T ie r n a y . B o a r d o f D ir e c t o r s : F orrest B assett , C . S e c u r it y C om m itte e : F orrest B a ssett , A . J. H artshorn , H . E . N e w t o n , T . F. M a g u ir e , H . M . St o w e l l . Regular meetings for receipt of moneys the third Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate by foreclosure, etc. Temporary expense account . . . . Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $436,075 9,595 2,550 1,352 387 4,174 00 00 00 18 82 77 $454,134 77 Dues capital Profits capital Guaranty fund . Surplus Interest Premiums . Fines Withdrawal profits Matured share account Profit on foreclosure sale $350,235 75,757 5,963 12,822 3,519 30 59 111 5,600 34 00 78 53 15 42 95 84 77 00 33 $454,134 77 82 REPO RT OF THE [Pub. Doc. Shares. Membership. Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force . . . . . 1,797 856 29 288 2,462 7,427 Added during year W ithdrawn during year Members . . . Borrowers . . . . . 134 66 905 322 . . Profits Distributed. U nm atured Sh ar e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 2 8 6 re a l estate lo a n s (average, $1,524.73 4 0 s h a r e lo a n s (average, $239.87 each; each; average rate, 6.04% ): 6%, $369,975; 6.30%, $66,100. average rate, 6% ); 6%, $9,595. Total Expenses for Year. Am ount paid for . . . . . . . . Cost per $1,000 of a s s e t s ..................................................... Receipts and Disbursements. Salaries. $1,542.04 3 .39 $86.225 00 5,700 00 7,000 87,050 7,020 1,600 6,871 26,626 237 669 528 3 64 7,680 189 1,903 00 00 00 00 46 77 25 02 82 23 05 00 49 80 $239,368 89 D isbu rsem ents . Dues capital withdrawn - . Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans M ortgages . . . . Real estate b y foreclosure Interest Tem porary expense Forfeited share account M atured share account Cash on hand October, 1916 $26,671 237 40,039 3,950 12 17,298 117,775 7,700 2,550 8,189 422 2,204 64 8,080 4,174 00 00 00 16 92 54 00 00 00 31 78 36 05 00 77 Date of Issue. Series. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Value $188 177 166 155 144 134 125 115 106 97 88 80 72 64 56 48 41 34 27 20 14 8 2 Dues paid in advance . 38 05 02 32 94 87 07 57 33 37 69 24 04 07 33 82 52 44 56 88 40 11 00 inSw 68 122 183 175 255 167 204 214 165 264 196 256 317 294 231 286 367 509 478 632 595 777 672 8p Total Value. $12,809 21,600 30,381 27,181 36,959 22,523 25,514 24,731 17,544 25,705 17,383 20,541 22,836 18,836 13,012 13,962 15,237 17,529 13,173 13,196 8,568 6,301 1,344 84 10 66 00 70 29 28 98 45 68 24 44 68 58 23 52 84 96 68 16 00 47 00 655 00 $427,530 78 Dues capital Profits capital Unpaid dues $239,368 89 D a tes of E xam in a tio n and A u d it , April 12-18 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $2,204.36 4 .85 Reconciliation of Share Account with Due and Profits Capital. R eceipts . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid M ortgages . . . . Real estate b y foreclosure Interest . . . . Premiums . . . . Fines . . . . Withdrawal profits Forfeited profits . Forfeited share account Matured share account Profits capital Cash on hand October, 1915 Other Expenses. $662.32 1 .46 $350,235 00 75,757 78 1,538 00 $427,530 78 No. 8.] BANK COMMISSIONER. FRAMINGHAM CO-OPERATIVE BANK, FRAMINGHAM. SMITH BLOCK, IRVING SQUARE. Incorporated April 16, 1889. , Began business M ay 6, 1889. I H arrie L. D aven po rt , T r e a su r e r . A lvah T . B ridges , P r e sid e n t . G. L. A v e r t , A. T. B ridges , E . A. C l ar k , C. L. C urtis , H . L. D aven po rt , H . S. D e nnison , C. H . E a m es , F. H . F a l e s , A. H. F is k e , W . H . F o le y , C. H . F uller , M . E . H am ilton , C. N. H arg r aves , F. H . H ilton , R. H . O ’ B r ie n , D avid R obertson , S. O. St ap l es , J. H . T em ple , G. J. T w it e , E ugene W aterhouse , Ì. P. W elsh . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : S. O. Staples , C. L. C urtis , F. H . F a l e s . Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate $1,426,185 00 Less amount due 10,425 00 --------------------- $1,415,760 00 Loans on shares . 36,150 00 Unpaid interest . 1,119 46 Unpaid fines 129 68 Cash 14,478 75 Dues capital . . . . $1,168,997 00 Profits capital . . . . 209,792 56 314 matured shares represented by 62,800 00 certificates . 14,900 00 Guaranty fund . . . . 9,701 41 Surplus . . . . . 122 92 Forfeited share account 1,278 00 Matured share dividends 46 00 Suspense dues . . . $1,467,637 89 $1,467,637 89 Shares. Membership. Issued during year . . . . 5,718 W ithdrawn during year . . . 3,324 Forfeited during year . . . . 64 Matured during year . . . . 2 8 3 Shares now pledged . . . . 8,824Shares in force . . . . . 24,531 Matured shares represented by certificates 314 Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 447 286 2,502 777 Profits Distributed. U nm atured S h ar es . First term, 2 )4% ; second term, 2>2 %. M atured Sh are C e rtificates . First term, 2*4%; second term, 2*4%. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 6 6 1 re a l estate lo a n s (average, $2,141.85 1 9 4 sh a re lo a n s (average, $186.34 each; each; average rate, 5.13%): 5%, $1,225,625; 6%, $190,135. average rate, 5.57%): 5%, $15,510; 6%, $20,640. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,901.00 1 .97 Other Expenses. $1,463.69 1.00 Total. $4,364.69 2 .9 7 84 REPO RT OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Interest . . . . Fines . . . . Application fees . Temporary expense Forfeited share account Matured share account Matured share certificate account . Personal accounts Suspense dues Cash on hand October, 1915 $292,818 00 6,240 00 1,050 202,370 32,870 23,775 70,642 1,187 228 69 1,295 56,723 37,000 8,399 46 23,735 00 00 00 00 05 72 00 16 72 27 00 31 00 71 $758,449 94 Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Suspense dues . . . . Interest . . . . . Temporary expense Permanent expense Forfeited share account Matured share account Surplus . . . . . Personal accounts Dividends, matured share certificates . . . . . Cash on hand October, 1916 $116,125 2,316 41,338 14,468 434 14,918 429,525 38,770 13,350 3 491 4,227 206 1,279 56,723 2 8,399 Value Date of Issue. Series. per Share, 32 $196 73 N ov. 1904 33 M a y 1905 186 00 34 N ov. 1905 175 52 35 M ay 1906 165 32 36 N ov. 1906 155 37 37 M ay 1907 145 65 38. 136 16 N ov. 1907 39 126 91 M ay 1908 40 117 89 N ov. 1908 41 109 08 M ay 1909 42 100 50 N ov. 1909 92 12 43 M ay 1910 44 83 94 N ov. 1910 45 75 96 M ay 1911 46 N ov. 1911 68 18 60 59 M ay 1912 47 48 N ov. 1912 53 18 M a y 1913 49 45 95 50 N ov. 1913 38 90 32 01 M ay 1914 51 53 M ay 1915 18 73 00 54 12 33 Nov. 1915 00 55 6 09 M ay 1916 00 63 Dues paid in advance . 17 32 00 00 00 Dues capital 00 Profits capital 83 Unpaid dues 20 65 31 27 00 31 ' 1,393 50 14,478 75 ♦ $758,449 94 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , [Pub. Doc. June 27-July 5 inclusive. Shares Total Value. in Force. 258 255 278 264 465 316 675 367 432 524 753 948 1,153 1,011 935 967 1,289 1,208 1,490 1,521 2*243 2,459 3,013 $50,756 47,430 48.794 43,644 72,247 46,025 91,908 46,575 50,928 57,157 75,676 87,329 96,782 76.795 63,748 58,590 68,549 55,507 57,961 48,687 34 00 56 48 05 40 00 97 48 92 50 76 82 56 30 53 02 60 00 21 42Ì011 39 30,319 47 18,349 17 1,918 00 $1,380,364 56 $1,168,997 00 209,792 56 2,075 00 $1,380,864 56 No. 8.] BANK COMMISSIONER. 85 GARDNER CO-OPERATIVE BANK, GARDNER. 24 MAIN STREET. Incorporated January 14, 1889. Began business March 12, 1889. L ou is A. G ree n w o o d , P r e sid e n t. H arrison G r een w oo d , T r e a su r e r . E. B a ll , P. A. B engtson , H osea C arter , Jr., D . K . D ic ker m an , H arrison G r een w oo d , L. A. G r een w oo d , ,T. H. H a g e r , G eorge K endall , H . S. K e nda ll , G. R. L o w e , J. W . M cV i n e , G . E. O ’H e a r n , H. H . Sm ith , C . H . St ock w e ll , L. A . W right . B o a r d o f D ir e c t o r s : H . S e c u r it y C om m itte e : H osea C a rte r , Jr., J. H . H ager , G eorge K e nda ll . Regular meetings for receipt of moneys the second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Comm on form mortgages R eal estate by foreclosure, etc. Unpaid interest . Unpaid premiums Unpaid fines Tem porary expense account Personal accounts Cash . . . . Liabilities. . $622,215 10,315 1,697 5,350 3,656 73 292 297 69 41,825 68 00 47 29 99 17 73 34 30 88 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Premiums . . . . Fines . . . . Withdrawal profits Forfeiture profits Forfeited share account . . . . . . . $548,291 117,635 6,506 6,179 6,576 132 173 268 1 29 $685,793 85 $685,793 85 Shares. Issued during year Withdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force 00 71 62 61 12 22 07 18 67 65 Membership. . 2,513 1,511 23 355 . 3,564 . 11,790 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . . 149 40 1,428 537 Profits Distributed. U nm atured Sh ar e s . First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 10%. Rates and Averages on Loans. 4 8 7 r e a l estate lo a n s (average, $1,277.65 each; average rate, 6% ): 6%, $622,215.68. 9 7 sh a re lo a n s (average, $106.34 each; average rate, 6% ); 6%, $10,315. Total Expenses for Year. Amount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,200.00 1.75 Other Expenses. $795.43 1.16 Total. $1,995.43 2.91 86 [Pub. Doc REPO RT OF THE Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid . ' . Mortgages . . . . Real estate b y foreclosure Interest . . . Premiums . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Temporary expense Taxes . . . . Personal accounts Surplus . . . . Profits capital Cash on hand October, 1915 $134,819 00 4,350 00 6,400 135,925 9,950 72 669 37,326 729 940 2 942 7 40 7 45 68 23 37,522 00 00 00 00 68 20 73 39 25 91 62 00 55 00 49 81 20 $369,841 83 D isb u e s e m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Personal accounts Withdrawal profits Surplus . . . . . Cash on hand October, 1916 $55,416 598 49,397 9,475 86 21,065 177,770 7,195 7 4,431 349 2,035 186 00 00 00 39 16 88 68 00 09 37 65 43 71 59 1 00 41,825 88 Date of Issue. Series. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Value per Share. ii f Force. Total Value. 145 $28,959 40 $199 72 152 28,589 68 188 09 202 35,725 72 176 86 276 45,788 40 165 90 270 41,906 70 155 21 175 25,345 25 144 83 273 36,786 75 134 75 250 31,240 00 124 96 221 25,516 66 115 46 319 33,887 37 106 23 235 22,858 45 97 27 258 22,851 06 88 57 456 36,539 28 80 13 71 93 418 30,066 74 485 31,025 45 63 97 504 28,344 96 56 24 41,664 15 855 48 73 41 46 606 25,124 76 34 39 906 31,157 34 20,117 12 731 27 52 23,039 25 20 85 1,105 885 12,726 30 14 38 9,258 30 8 10 1,143 920 1,840 00 2 00 Suspense dues Dues paid in advance . $670,845 09 Dues capital Profits capital Unpaid dues Suspense profits . $369,841 83 D a te s of E x a m in a tio n and A u d it , October 30-N ovem ber 1 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 13 00 473 00 *■ # $548,291 117,635 4,915 3 00 71 00 38 $670,845 09 BANK COMMISSIONER. No. 8.] 87 GERMANIA CO-OPERATIVE BANK, BOSTON. 18 TREMONT STREET. Incorporated October 3, 1885. Began business October 20, 1885. John G. K a r l e , T r e a su r e r . Joseph P. S pang , P r e sid e n t. P. G e isheck er , T homas S. H a ge lstein , J. T . H agelstein , F. J. H oldereid , J. G . K a rle , T obias K l u e K r an efuss , A dam L orenz , John Seiberlich , J. P. S pang , J. J. St ep h an , J. F . B o a r d o f D ir e c t o r s: V ale n tin e B a ie r , C. H . D ir ksm eier , John F e in , J. G erh ar d , B. b e r , Joseph W essling . S e c u r it y C om m itte e : J. P. Spang , J. G. K a r l e , J. J. Step h an , J. P. G eisiieck er , T obias K l u e b e r . Regular meetings for receipt of moneys the Wednesday after third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . : Temporary expense account Suspense account Cash . . . . $804,100 21,850 504 25 14,510 00 00 53 71 30 Dues capital . . . . Profits capital . . . . 145 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . Fines . . . . . Withdrawal profits Forfeited share account 29,000 21,823 7,580 3,405 95 143 90 00 50 25 34 28 40 92 $840,990 54 $840,990 54 Membership. Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force $675,686 00 103,165 85 . . 3,296 2,412 1 158 . 5,134 . 14,827 ificates 145 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . . 333 270 1,749 443 Profits Distributed. U nm atured Sh ar e s . First term, 1Y s % ; second term, l xA % ; third term, 1 % % ) fourth term, 1 % % . M atured Sh are C e rtifica te s . First term, 1%; second term, 1%; third term, 1% ; fourth term, 1%. Proportion of profits retained on voluntary withdrawals, 25% on series not over 8 years old; after 8 years, none. Rates and Averages on Loans. S 5 8 re a l estate lo a n s (average, S2.246.08 8 5 sh a re lo a n s (average, $257.05 each; each; average rate, 5% ): 5%, S804.100. average rate, 5.17%); 5%, $14,500; o }/ 2 % , $7,350. Total Expenses for Year. A m ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . ' . . . Salaries. $2,928.00 3 .4 8 Other Expenses. $1,996.59 2 .3 7 Total. $4,924.59 5 .8 5 REPORT OF THE Receipts and Disbursements. [Pub. Doc. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Forfeited share account Matured share certificate account . Suspense account . Profits capital . . . . Cash on hand October, 1915 $172,226 00 6,300 110,450 17,900 39,563 1,003 5 1,603 2 14,600 27 13,648 00 00 00 74 67 25 90 05 00 00 66 40 48 $377,331 15 D isbursements . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Temporary expense Forfeited share account Matured share certificate account . Suspense account Dividend, matured share certificates . . . . . Cash on hand October, 1916 $94,131 2 23,700 13,361 8,061 201,200 14,600 4,924 9 2,000 80 00 00 00 10 17 46 00 00 59 13 00 40 748 00 14,510 30 $377,331 15 Date of issue. Series. Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1916 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 $191 181 171 162 152 143 134 125 116 108 99 91 83 79 75 72 68 64 60 57 53 50 46 4.3 39 36 32 29 26 22 19 16 13 10 7 4 1 Dues paid in advance . 77 69 80 12 61 30 22 32 64 13 82 69 74 83 99 17 39 67 96 31 69 11 57 07 61 19 81 47 16 89 66 46 30 17 08 02 00 . Æ Total Value. 119 85 153 190 206 252 204 297 253 334 300 443 475 296 399 182 285 491 . 436 228 478 350 572 395 511 420 614 357 540 452 673 493 506 962 735 663 478 $22,820 15,443 26,285 30,802 31,437 36,111 27,380 37,220 29,509 36,115 29,946 40,618 39,778 23,629 30,320 13,134 19,491 31,752 26,578 13,066 25,663 17,538 26,638 17,012 20,240 15,199 20,145 10,520 14,126 10,346 13,231 8,114 6,729 9,783 5,203 2,665 478 . 63 85 40 80 66 60 88 04 92 42 00 67 50 68 01 94 15 97 56 68 82 50 04 65 71 80 34 79 40 28 18 78 80 54 80 26 00 541 00 $785,622 85 Dues capital Profits capital Unpaid dues $675,686 00 103,165 85 6,771 00 $785,622 85 D ates of E xam in a tio n and A ud it , January 3 -6 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. 89 GLOUCESTER CO-OPERATIVE BANK, GLOUCESTER. 191* MAIN STREET. Incorporated March 2, 1887. A sa G. A n d r e w s , P r e sid e n t . Began business April 14, 1887. . E v e r e t t L a n e , T r e a su r e r . A . G. A n d r e w s , M . S. B abso n , H. A. B b o w n , E. C. C arr o ll , J. W . D a rc y , S. L. D odoe , M . F. F o l e y , J. A. H a w s o n , S. F. H a sk e l l , E dw ard .H odgkins , E verett L a n e , F red erick L a n e , F. W . L othrop , L. D. L othrop , D . O. M arsh all , G. E. M erch ant , C. S. N atjss, A. E. P resson , R. R . Sm ith , H. A. Sw e t t . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : F rederick L a n e , L. D . L othrop , M . F. F o l e y , F. W . L othrop , C. S. N atjss. Regular meetings for receipt of moneys the second Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Less amount due Liabilities. $750,350 00 6,725 00 Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . Unpaid premiums Unpaid fines Temporary expense account Insurance and taxes paid Mortgage balance Cash . . . . $743,625 34,250 4,540 3,573 182 387 368 55 53 55,770 00 00 80 75 95 92 72 88 24 80 Dues capital Profits capital Guaranty fund . Surplus . . . . Interest Premiums . Fines Transfer fees Withdrawal profits Forfeited share account Personal accounts Security committee . $842,809 06 00 13 45 38 78 40 38 25 15 65 49 00 $842,809 06 Shares. Issued during year Withdrawn during year Retired during year Matured during year Shares now pledged Shares in force $656,487 168,558 8,775 4,704 3,868 198 134 2 28 7 30 14 Membership. . 1,473 424 300 378 . 4,408 . 10,917 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . . 228 171 1,894 679 Profits Distributed. U nm atured Sh ar e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 5 8 0 r eal estate lo a n s (average, $1,282.11 each; average rate, 6.30%): 6.30%, $742,175; 6.60%, $750; 6.90%, $700 (average; $200.29 each; average rate, 6.40%); 6.30%, $26,200; 6.60%, $2,550 ; 6.90%, $3,300; 7.20%, $2,200. 1 7 1 sh a re lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,028.00 2.41 Other Expenses. $1,344.15 1.59 Total. $3,372.15 4 .0 0 90 REPO RT OF TH E Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts / Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Premiums . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Fire loss account Security committee Insurance . . . . . Taxes . . . . . Cash on hand October, 1915 , $128,160 00 17,700 46,850 23,150 18,803 1,300 7,779 47,648 2,429 1,98S 27 488 2,036 224 74 375 76,919 00 00 00 37 00 50 57 25 74 25 27 00 50 00 69 83 $375,954 97 D isbu rsem ents . Dues capital withdrawn Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital retired . Profits capital matured Real estate loans Share loans . , . Uncompleted mortgage loans Real estate by foreclosure Interest . . . . Temporary expense Forfeited share account Premiums . . . . Taxes . . . . Insurance . . . . Mortgage balance Security committee . • . Fire loss account Cash on hand October, 1916 $20,766 40,525 52,898 3,685 16,253 22,624 122,700 17,850 14,478 950 945 3,372 795 11 118 53 120 2,033 55,770 [Pub. Doc, 00 00 00 30 00 48 00 00 37 69 72 15 44 90 40 48 24 00 00 80 Date of Issue. Series. p^ April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 rf, inSj£ ™ $198 87 187 19 175 86 164 85 154 16 143 78 133 70 123 92 114 42 105 20 96 25 87 55 79 11 70 92 62 97 55 25 47 75 40 47 33 40 26 54 19 87 13 39 7 10 1 00 227 315 347 314 393 418 473 388 428 436 378 340 356 248 545 460 606 486 657 663 546 710 774 409 Dues paid in advance . Total Value. $45,143 58,964 61,023 51,762 60,584 60,100 63,240 48,080 48,971 45,867 36,382 29,767 28,163 17,588 34,318 25,415 28,936 19,668 21,943 17,596 10,849 9,506 5,495 409 49 85 42 90 88 04 10 96 76 20 50 00 16 16 65 00 50 42 80 02 02 90 40 00 686 00 $830,465 13 Dues capital Profits capital Unpaid dues $656,487 00 168,558 13 5,420 00 $830,465 13 $375,954 97 D a tes op E xam in a tio n and A u d it , M ay 29-June 3 inclusive. i GRAFTON CO-OPERATIVE BANK, GRAFTON. Incorporated October 19, 1887. Began business November 10, 1887. E llsworth E . H o w e , P r e sid e n t . Joseph A . D odge , T r e a s u r e r . F. A. A nderson , S. L. D aven po rt , G. A . D earbor n , J. A. D odge , C H E arn s h a w , W O. H a lp in , E . E . H o w e , L. N . L eland , H. L. N ichols , C. L. Se a b u r y , T. F. S m ith , O. M . W in g . * B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : S. L. D avenport , H . L. N ichols , O. M . W in g . Regular meetings for receipt of moneys the second Thursday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER 91 STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Real estate by foreclosure, etc. Unpaid interest . Overs and shorts . . . . Cash $561,470 9,028 5,419 1,522 2 30,783 00 00 14 48 98 08 Dues capital Profits capital Guaranty fund Surplus $483,250 109,853 8,818 6,303 . $608,225 68 00 99 02 67 $603,225 68 Shares. Membership. 2,036 835 185 3,173 9,740 Issued during year Withdrawn during year Matured during year Shares now pledged Shares in force Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . 282 118 1,337 377 Profits Distributed. U nm atured Sh ares . First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. 8 4 1 re a l estate lo a n s (average, $1,646.53 5 7 sh a re lo a n s (average, $158.38 each; each; average rate, 634j% ): 6V£%, $561,470. average rate, 7% ): 7%, $9,028. Total Expenses for Year. Salaries. $1,575.00 2 .5 8 Amount paid for . Cost per $1,000 of assets Other Expenses. $1,009.80 1.66 Total. $2,584.80 4.24 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Shares Date of Issue. Series. Value per Share. in Force. Total Value. 36 $197 89 M ay 1905 161 $31,860 29 Nov. 1905 37 186 25 163 30,358 75 M ay 1906 38 174 89 202 35,327 78 Nov. 1906 39 163 90 160 26,224 00 40 153 21 M ay 1907 216 33,093 36 142 82 Nov. 1907 41 238 33,991 16 M ay 1908 42 132 75 231 30,665 25 122 97 Nov. 1908 43 219 26,930 43 M ay 1909 44 113 46 177 20,082 42 Nov. 1909 45 104 24 266 27,727 84 M ay 1910 46 95 30 344 32,783 20 Nov. 1910 47 86 61 350 30,313 50 48 M ay 1911 78 17 390 30,486 30 Nov. 1911 49 69 97 455 31,836 35 50 62 00 M ay 1912 447 27,714 00 54 28 Nov. 1912 51 447 24,263 18 52 M ay 1913 46 79 566 26,483 14 53 Nov. 1913 39 50 490 19,355 00 54 32 42 M ay 1914 607 19,678 94 Nov. 1914 55 25 55 853 21,794 15 M ay 1915 56 18 88 794 14,990 72 12 40 1,049 Nov. 1915 57 13,007 60 58 915 5,590 65 M ay 1916 6 11 Dues capital Real estate loans eliminated by foreclosure Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Membership fees Guaranty fund . Cash on hand October, 1915 $116,325 00 2,000 96,415 9,200 2,547 35,489 732 7 483 305 188 15,535 00 00 00 68 97 97 75 78 40 10 91 $279,231 56 D isbursem ents . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Temporary expense Surplus . . . . Over and short account Cash on hand October, 1916 $31,137 26,007 5,067 11,084 162,410 7,150 2,328 471 2,584 205 1 30,783 00 00 87 91 00 00 27 35 80 30 98 08 $279,231 56 Dues paid in advance . 236 00 $594,793 99 Dues capital Profits capital Unpaid dues $483,250 00 109,853 99 1,690 00 $594,793 99 D a tes op E x am in a tio n and A ud it , August 22-2 6 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF THE 92 [Pub. Doc. GREENFIELD CO-OPERATIVE BANK, GREENFIELD. 288 MAIN STREET. Incorporated June 21, 1905. Began business July 11, 1905. W illiam B. A l le n , P r e sid e n t. F r ank H . S n o w , T re a su re r. W . B. A lle n , C. A . C a r e y , P .'E . F a y , L. W . G r isw old , F. E. H a w k s , F. A . L oomis , G. C. L tjnt, M . H . N ichols , F. H. R y th e r , F. H. Sn o w , W . H. W eissbrod , G. H. W il k in s . B o a r d o f D ir e c t o r s: S e c u r it y C om m itte e : F. A. L oomis , F. E . H a w k s , G. C. L u n t . Regular meetings for receipt of moneys the second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS. 1916. Assets. Liabilities. Loans on real estate . ,. . Loans on shares . . . . Unpaid interest . . . . Unpaid fines . . . . Tem porary expense account . . C a s h .......................................... $331,175 11,028 868 55 479 12,605 00 00 28 62 62 49 Dues capital Profits capital Guaranty fund Surplus . Interest . Fines . Transfer fees Forfeited share . . . . . . . . . . . account $356,212 01 Membership. . . . . . . 00 23 49 78 17 48 50 36 $356,212 01 Shares. Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . $292,821 43,384 3,838 S,992 6,862 210 1 101 . . . . . . . . . 2,604 1,098 18 2,103 7,548 Added during year W ithdrawn during year Members . . . Borrowers . . . . . 315 120 958 263 Profits Distributed. U nm atured S h ar e s . First term, 2J^%; second term, 2j^% . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 2 1 4 re a l estate lo a n s (average, $1,547.55 8 5 sh a re lo a n s (average, $129.74 each; each; average rate, 6% ); 6%, $331,175. average rate, 6% ); 6%, $11,028. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,015.00 2.85 Other Expenses. Total. $501.18 $1,516.18 1.41 4 .2 6 No. 8.] BANK COMMISSIONER. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans eliminated b y foreclosure . . . . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Forfeited share account . . . Cash on hand October, 1915 $84,365 00 1,725 63,975 6,975 18,560 506 3 149 11,295 00 00 00 58 39 25 32 95 $187,555 49 D isbursem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . Interest . . . . Tem porary expense Forfeited share account Withdrawal profits Cash on hand October, 1916 $30,330 156 3,630 8 132,400 6,858 . 93 1,516 47 1 12,605 00 00 48 82 00 00 76 18 96 80 49 $187,555 49 Shares Total Value. Date of Issue. Series. Value per Share. in Force. $21,374 78 July 1905 1 $179 62 119 6,945 81 41 Jan. 1906 2 169 41 10,045 35 63 July 1906 3 159 45 22,459 50 150 Jan. 1907 4 149 73 18,371 44 131 July 1907 5 140 24 7,597 42 58 Jan. 1908 6 130 99 13,170 60 108 July 1908 7 121 95 11,992 84 Jan. 1909 8 106 113 14 154 16,099 16 July 1909 9 104 54 19,424 32 10 202 Jan. 1910 96 16 17,596 00 11 200 July 1910 87 98 24,080 00 301 Jan. 1911 12 80 00 16,827 26 233 July 1911 13 72 22 15,314 94 Jan. 1912 14 237 64 62 13,670 80 15 239 July 1912 57 20 15,837 32 317 Jan. 1913 16 49 96 13,470 60 314 July 1913 17 42 90 15,448 29 Jan. 1914 18 429 36 01 13,619 85 465 July 1914 19 29 29 17,570 29 773 Jan. 1915 20 22 73 9,259 11 21 567 July 1915 16 33 13,068 OD 22 1,295 Jan. 1916 10 09 4,184 00 1,046 July 1916 23 4 00 Dues paid in advance . 376 00 $337,802 23 $292,821 00 43,384 23 1,597 00 Dues capital Profits capital Unpaid dues $337,802 23 D a tes of E x a m in a tio n and A u d it , July 17-19 inclusive. GROVELAND CO-OPERATIVE BANK, GROVELAND. MAIN STREET. Incorporated N ovember 4, 1895. E dw ard H . P a r k e r , P r e sid e n t . Began business N ovember 19, 1895. G eorge M itchell , T r e a s u r e r . H. A m a ze en , E . H. G eorge , S. B. G eorge , Joh n M a g e e , E dw ard M cC or mick , G eorge M itchell , E. H. P a r k e r , W . T . P ik e , E . L. S ides , W . H. S pofford , A . G . T w o m b l y , H. L. T w o m b l y , H. W . V a u g h a n . B o a r d o f D ir e c t o r s : A . S e c u r it y C om m itte e : A . H. A m a ze en , E . H . G eorge , W. T. P ik e , H. W. V a u g h a n , A . G. T w o m b l y . Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Temporary expense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. . $160,700 5,345 443 9,453 00 00 86 39 $175,942 25 Dues capital Profits capital . . . . 81 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Over and short account $132,022 00 19,691 70 16,200 1,278 2,048 4,457 131 1 108 3 00 63 42 08 23 75 34 10 $175,942 25 94 REPO RT OF TH E [Pub. Doc Shares. Membership. Issued during year . . . . Withdrawn during year . . Forfeited during year . . . . Matured during year . . . . . . . . Shares now pledged Shares in force . . . . . Matured shares represented by certificates 1,014 365 5 70 983 3,256 81 Added during year W ithdrawn during year Members . . . Borrowers . . . 84 38 416 125 . Profits Distributed. U nm atured Sh ar e s . First term, 2 % % ; second term, 2 % % . M atured S h are C e rtificates . First term, 2 lA % \ second term, 2 1 4 % . Proportion of profits retained on voluntary withdrawals, 25% on series not over 2 years old; 10% there after. Rates and Averages on Loans. I l l r e a l estate lo a n s (average, $1,447.74 each; average rate, 5.97%); 5¿¿% , 1 4 sh a re lo a n s (average, $381.78 each; average rate, 6% ): 6%, $5,345. $4,500; 6%, $156,200. Total Expenses for Year. Salaries. Other Expenses. $623.28 $190.47 3 .5 4 1.08 Amount paid for . Cost per 1,000 of assets . Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated by m aturity of shares . Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Matured share certificate account . Over and short account Cash on hand October, 1915 . $37,415 00 900 00 1,000 24,400 3,110 9,359 252 3 162 13,000 12 8,804 00 00 00 08 01 25 85 00 20 59 $98,418 98 D isbursem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Temporary expense Dividend on matured share certificates . . . . Over and short account Cash on hand October, 1916 $10,292 75 10,080 1,464 4 3,946 58,000 3,975 813 00 00 00 89 00 95 00 00 75 305 00 9 00 9,453 39 $98,418 98 Date of Issue. Series. N ov. M ay N ov. M ay N ov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay N ov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Value Shares Total Value. per Share. in Force. 21 $4,110 54 $195 74 3,702 00 20 185 10 10,305 53 174 67 59 164 46 29 4,769 34 154 49 43 6,643 07 144 79 22 3,185 38 2,976 60 135 30 22 5,294 94 126 07 42 4,798 23 41 117 03 4,218 63 108 17 39 9,462 95 99 61 95 7,575 41 91 27 83 5,817 00 83 10 70 75 11 60 4,506 60 12,992 76 67 32 193 8,305 25 59 75 139 9,112 38 52 37 174 8,000 40 45 20 177 8,864 72 232 38 21 8,763 39 31 41 279 6,472 80 24 80 261 4,094 28 18 36 223 5,505 50 455 12 10 2,862 00 6 00 477 $152,339 70 Dues capital Profits capital Unpaid dues D ates of E x a m in a tio n and A ud it , April 10-12 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $813.75 4 .62 . $132,022 00 19,691 70 626 00 $152,339 70 95 BANK COMMISSIONER. No. 8.] GUARDIAN CO-OPERATIVE BANK, BOSTON. 36 BROMFIELD STREET. Incorporated July 2, 1886. Began business August 6, 1886. H enr y P. O a k m a n , P r e sid e n t. W illiam D . E ldredge , T r e a su r e r . J. W. C ousins , E dric E ldridge , W. D . E ldredge , G. R . F arrell , W . F. F r ee m a n , H. C. H a t h a w a y , F. A. H inchcliffe , A rthur H ooper , T . R . H ughes , J. T . K a le r , C. F. L e t t e n e y , H . P. O a k m a n , W. H. R oberts , J. M . S impson , R . S. W e n tw o r th , H. S. W h eelock . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : T . R . H u g hes , R . S. W entw or th , J. M . Simpson , W . F. F r ee m an , C. F. L e t t e n e y . Regular meetings for receipt of moneys the first Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Permanent expense account Temporary expense account Insurance account Cash . . . . . $580,650 18,400 2,027 196 50 1,352 8 46,744 00 00 33 10 00 80 00 41 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Fines . . . . Transfer fees . . . Withdrawal profits Forfeiture profits Forfeited share account Matured share account Security committee $520,219 85,634 11,921 15,236 14,332 555 2 476 00 23 43 91 89 73 00 94 22 123 21 801 08 125 00 . . . . . . . $649,428 64 $649,428 64 Membership. Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force . . 2,226 1,238 40 259 . 3,321 . 10,318 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . . . 266 188 1,153 273 Profits Distributed. U nm atured Sh ar e s . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. (average, $2,675.80 each; average rate, 5.41%): 5%, 8112,750; o } 4 % , 5J^%, $425,150; 5 % % , $4,100; 6%, $14,250 ; 6 ^ % , $600. 7 2 sh a re lo a n s (average, $255.55 each; average rate, 5.92% ): 5]^% , $2,900; 6%, $15,500. 2 1 7 re a l estate lo a n s $23,800; Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,512.14 2.33 Other Expenses. $4,202.12 6.47 Total. $5,714.26 8 .8 0 96 REPORT OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues • and Profits Capital. R eceipts . Dues capital Real estate loans eliminated bv maturity of shares . Real estate loans repaid Share loans repaid Real estate by foreclosure Interest Fines Transfer fees Withdrawal profits Forfeited profits . . . . Temporary expense Forfeited share account Matured share account Profits capital Surplus Security committee Mortgage balance Cash on hand October, 1915 $122,245 00 14,000 62,000 19,300 1,565 33,150 1,194 4 1,208 26 3 1,054 32,971 4 46 740 3 31,029 00 00 00 81 43 03 50 75 89 72 26 33 77 42 00 46 31 $320,548 68 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest Temporary expense Permanent expense Forfeited share account Matured share account Surplus Security committee Mortgage balance Cash on hand October, 1916 [Pub. Doc. $39,299 985 37,991 4,882 107 13,458 120,600 14,950 8 438 3,871 92 1,352 35,184 4 575 3 46,744 00 00 00 44 60 34 00 00 31 21 46 58 80 30 77 00 46 41 Date of Issue. Series. Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June 1904 1905 1905 1908 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 Value Shares Total Value. per Share. in Force. $190 52 133 $25,339 16 203 36,584 66 180 22 170 12 168 28,580 16 160 26 149 23,878 74 252 150 59 37,948 68 141 16 170 23,997 20 131 97 151 19,927 47 212 26,061 16 122 93 215 114 12 24,535 80 226 105 53 23,849 78 97 14 308 29,919 12 380 32,025 60 88 96 395 31,983 15 80 97 565 41,352 35 73 19 411 65 60 26,961 60 438 58 19 25,487 22 680 34,852 80 50 96 43 90 615 26,998 50 751 27,794 51 37 01 497 15,054 13 30 29 752 23 73 17,844 96 660 11,437 80 17 33 1,052 11 09 11,686 68 5 00 955 4,775 00 Dues paid in advance . 801 00 $609,457 23 Dues capital Profits capital Unpaid dues $520,219 00 85,634 23 3,604 00 $609,457 23 $320,548 68 D ates of E x a m in a tio n and A ud it , February 18-28 inclusive. HARVARD CO-OPERATIVE BANK OF DORCHESTER, BOSTON. 116 HARVARD STREET (DORCHESTER DISTRICT). Incorporated March 7, 1911. Began business April 12, 1911. W illiam J. D o w n in g , P r e s id e n t . W a lter D . L oring , T r e a s u r e r . T. S. B ell , F. A . B u r k e , Ja m es C a v an ag h , J. C. C l ar k , J. J. C onnolly , J. F. C oo ney , D . F. D oherty , W. J. D o w n in g , W. J. D r e w , W. E . E lton , E . B. G allagh er , D . R. K nig ht , W. D . L oring ,W. E . M c G e r ig le , C harles R ip le y , C. W. R odgers , M . H. Su l liv a n , L. A . W a te r h o u se . B o a r d o f D ir e c t o r s : W . M . B acon , H . B.. B a k e r , S e c u r it y C om m ittee: H. B. B a k e r , D . F. D oh erty , E . B . G allagher , W. E . M cG e r ig le , L. A . W a ter ho use . Regular meetings for receipt of moneys the second Wednesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER 97 STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1316. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Permanent expense account Temporary expense account Cash . . . . Liabilities. . $177,900 8,570 314 29 125 74 14,332 00 00 82 50 51 02 83 $178,881 19,178 1,366 1,004 813 27 49 20 7 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Withdrawal profits Forfeited share account Security committee $201,346 68 $201,346 68 Shares. Issued during year W ithdrawn during year Forfeited during year . Shares now pledged Shares in force 00 25 44 11 11. 27 00 00 50 Membership. . . . . 1,650 1,199 17 1,219 5,350 176 115 678 87 Added during year Withdrawn during year Members Borrowers . Profits Distributed. U nm atured Sh ar e s . First term, 1M % ! second term, 134%; third term, 1 3 4 % ; fourth term, 1 3 4 % . Proportion of profits retained on voluntary withdrawals, 20% on series not over 5 years old; after 5 years, none. Rates and Averages on Loans. 5 6 re a l estate lo a n s (average, $3,176.78 each; average rate, 5.64%); 534%. 3 1 sh a re lo a n s (average, $276.45 each; average rate, 6% ): 6%, $8,570. $126,350; 6%, $51,550. Total Expenses for Year. Salaries. $527.19 2 .62 Am ount paid for . Cost per $1,000 of assets Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Temporary expense Forfeited share account Security committee Cash on hand October, 1915 $62,926 22,350 9,838 3,242 10,449 280 1 335 142 143 63 8,242 00 00 00 07 05 46 25 71 50 00 75 22 $118,014 01 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Permanent expense Forfeited share account Cash on hand October, 1916 $29,151 143 2,658 7 58,000 12,228 57 1,007 283 144 14,332 Total. $1,140.44 5 .67 Other Expenses. $613.25 3 .0 5 00 00 4350 00 00 76 40 33 41 35 83 Date of Issue. Series. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 Value Shares Total Value. per Share. in Force. 918 $70,722 72 $77 04 73 11 86 6,287 46 192 13,292 16 69 23 65 40 214 13,995 60 148 9,119 76 61 62 57 88 57 3,299 16 4,551 96 54 19 84 4,852 80 50 55 96 6,009 60 128 46 95 3,862 60 89 43 40 39 89 107 4,268 23 208 7,575 36 36 42 14,421 00 437 33 00 7,641 96 29 62 258 170 4,467 60 26 28 7,445 52 22 98 324 144 2,839 68 19 72 2,062 50 125 16 50 325 4,329 00 13 32 2,911 48 10 18 286 4,743 60 670 7 08 703 50 175 4 02 109 109 00 1 00 194 00 Dues paid in advance . $199,706 25 $118,014 01 Dues capital Profits capital Unpaid dues . $178,881 00 19,178 25 1,647 00 $199,706 25 D a tes op E xam in a tio n and A ud it , June 8-10 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis I 98 REPORT OF THE [Pub. Doc. HAVERHILL CO-OPERATIVE BANK, HAVERHILL. 9 EMERSON STREET. Incorporated August 20, 1877. Jam es W. H arris , P r e sid e n t. Began business September 3, 1877. . Jam es G . P ag e , A c t i n g T r e a su r e r . A . B od w e ll , G . A . C hilds , C. H . C l ar k , E. A. F itts , M . J. F o w le r , G. E . F r y e , J. W. H arr is , E . J. K empton , S. A . M c G regor , B. I. P a g e , J. H . Sa y w a r d . B o a r d o f D ir e c t o r s : C . S e c u r it y C om m itte e : J. W . H arr is , G. A. C hilds , E . A. F it ts . Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Common form mortgages Real estate b y foreclosure, etc. Unpaid interest . Unpaid fines Permanent expense account Cash . . . . . $1,079,750 38,323 1,302 4,592 8,275 220 400 62,625 00 00 00 22 93 58 00 77 . Dues capital Profits capital Guaranty fund . Surplus . . . . Forfeited share account 00 73 16 54 07 $1,195,489 50 $1,195,489 50 Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force $997,972 173,513 16,823 7,093 87 Membership. . . 7,442 4,271 64 231 . 7,160 . 24,498 A dded during year Withdrawn during year Members . . . Borrowers . . . . 682 415 2,788 711 Profits Distributed. U nm atured Sh ar e s . First term, 2 % % ! second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 10%. Rates and Averages on Loans. 5 4 3 re a l estate lo a n s (average, $1,988.49 each; average rate, 5.93% ): 5%, 1 6 8 sh a re lo a n s (average, $228.11 each; average rate, 6 % ): 6%, $38,323. $72,050; 6%, $1,007,700. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,345.21 1.96 Other Expenses. $2,721.24 2.28 Total. $5,066.45 4 .2 4 99 BANK COMMISSIONER. No. 8.] Receipts and Disbursements. R eceipts . Dues capital . . Real estate loans eliminated b y foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Matured share account Over and short account Profits capital Mortgage balance Cash on hand October, 1915 Reconciliation of Share Account with Dues and Profits Capital. $292,182 00 10,200 00 11,400 214,250 24,494 156 10,022 63,156 1,065 13 1,358 3 33,293 51 114 37 18,872 00 00 00 00 39 65 36 25 94 55 19 10 08 02 88 $680,670 41 D isbursements . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Temporary expense Permanent expense Forfeited share account Matured share account Over and short account Mortgage balance Cash on hand October, 1916 $116,057 237 33,475 13,618 11 12,827 363,065 28,110 12,373 116 4,546 19 212 33,293 43 37 62,625 00 00 00 85 34 33 00 00 06 58 65 80 91 19 91 02 77 Value Date of Issue. Series. per Share. 52 $200 03 Nov. 1904 53 189 28 M ay 1905 54 178 82 Nov. 1905 168 50 55 M ay 1906 158 41 Nov. 1906 56 148 51 57 Ma y 1907 58 138 89 Nov. 1907 129 59 39 1908 M ay 60 120 10 Nov. 1908 61 111 09 M ay 1909 62 102 24 Nov. 1909 63 93 63 M ay 1910 85 22 64 Nov. 1910 77 04 65 M ay 1911 66 69 04 Nov. 1911 67 61 26 M ay 1912 53 71 68 Nov. 1912 46 34 69 M ay 1913 70 39 17 Nov. 1913 32 19 71 M ay 1914 72 25 40 Nov. 1914 18 79 73 M ay 1915 12 35 74 Nov. 1915 6 09 75 M ay 1916 Shares Total Value. in Force. $29,804 47 149 33,502 56 177 45,062 64 252 27,465 50 163 44,988 44 284 45,444 06 306 32,639 15 235 27,042 51 209 42,035 00 350 50,545 95 455 52,346 88 512 55,335 33 591 62,040 16 728 49,921 92 648 81,674 32 1,183 72,899 40 1,190 76,268 20 1,420 68,675 88 1,482 67,176 55 1,715 67,373 67 2,093 49,936 40 1,966 37,504 84 1,996 34,505 90 2,794 21,924 3,600 00 1,227 00 Dues paid in advance . $1,177,340 73 $997,972 00 173,513 73 5,855 00 Dues capital Profits capital Unpaid dues $1,177,340 73 $680,670 41 D ates op E xam in a tio n and A ud it , April 11-21 inclusive. HENRY WILSON CO-OPERATIVE BANK, NATICK. 2 SOUTH AVENUE. Incorporated October 23, 1886. D a n ie l C. F elton , P r e sid e n t . Began business N ovember 12, 1886. H a r v e y H . W h it n e y , T r e a s u r e r . D . C. F elton , R ichard F o le y , W . A. L a ugh ton , J. F. L incoln , M . E. M cG r at h , W . E. O live r , L. E. P ulsiper , E. W . R ogers , J. E . Sw e e t l a n d , G . F. W h it n e y , H . H . W h it n e y , N. P . Y ou ng . B o a r d o f D ir e c t o r s : P eter C ash ion , S e c u r it y C om m itte e : D . C . F e lto n , J. E . Sw e e tl a n d , G. F. W h it n e y , H . H . W h it n e y . Regular meetings for receipt of moneys the second Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Comm on form mortgages Unpaid interest . Unpaid fines Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $245,030 12,400 7,400 816 126 15,409 00 00 00 91 35 36 $281,182 62 Dues capital Profits capital Guaranty fund . Surplus Personal account $226,922 41,850 41,809 599 00 44 61 77 80 $281,182 62 100 REPO RT OF THE [Pub. Doe, Shares. Issued during year . W ithdrawn during year Matured during year . Shares now pledged . Shares in force . . Membership. . . . . . . . . . . . . . . . 1,058 458 72 1,645 4,845 Added during year Withdrawn during year Members . . . Borrowers . . . . . 110 62 657 174 Profits Distributed. U nm atured Sh ares . First term, 2 % % ; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 1 2 9 re a l estate lo a n s (average, $1,899.45 each; average rate, $110,980; 6 M % , $21,700; 7%, $5,150. S 3 sh a re lo a n s (average, $233.96 each; average rate, 6.29%): 5.66%); 5%, $89,000; 5J^%, $18,200; 6%, 5%, $1,050; 5J^%, $600; 6%, $5,100; 6 } 4 % , $1,500; 7%, $4,150. Total Expenses for Year. Salaries. $1,071.75 3.81 Amount paid for . Cost per $1,000 of assets Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate by foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Cash on hand October, 1915 $57,608 00 2,200 37,450 5,100 200 100 14,895 503 3 911 4,088 00 00 00 00 00 41 49 25 47 91 $123,060 53 D isbursem ents . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Temporary expense Interest on matured shares . Cash on hand October, 1916 $19,521 10,604 3,579 3,639 65,080 3,600 4 1,410 212 15,409 Other Expenses. Total. $338.39 $1,410.14 1.20 5.01 00 00 74 16 00 00 49 14 64 36 $123,060 53 Date of Issue. Series. Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 58 57 58 59 60 Value Shares Total Value. per Share. in Force. $195 80 65 $12,727 00 50 9,276 00 185 52 19,476 06 175 46 111 6,458 01 165 59 39 43 6,702 41 155 87 49 7,172 62 146 38 128 17,543 68 137 06 6,909 84 127 96 54 14,875 00 125 119 00 5,400 29 110 21 49 10,465 83 101 61 103 110 10,246 50 93 15 13,500 69 84 91 159 88 6,761 92 76 84 354 24,401 22 68 93 19,770 83 323 61 21 11,487 52 53 68 214 351 16,261 83 46 33 14,136 76 361 39 16 32 18 328 10,555 04 343 8,712 20 25 40 7,948 17 423 18 79 552 6,822 72 12 36 423 2,580 30 6 10 Dues paid in advance . 327 00 $270,519 44 Dues capital Profits capital Unpaid dues $226,922 00 41,850 44 1,747 00 $270,519 44 D ates op E xam in a tio n and A u d it , February 8-10 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 101 BANK COMMISSIONER. HIGHLAND CO-OPERATIVE BANK, BOSTON. 1109 COLUMBUS AVENUE (ROXBURY DISTRICT). Incorporated February 24, 1899. Began business February 27, 1899. A rthur A . B r o w n , P r e s id e n t . G eorge E . C ole , T r e a s u r e r . A . L. B a co n , W . J. B leiler , B. D . B r a w l e y , A. A. B r o w n , G . E . C ole , J. W . C olgan , H. A . D em psey , Joseph E ngel , Joseph E sselen , C. E . G a n t e r , C harles L iffler , C. E . M a c k a y , H. J. M uller , H. S. O rm sby , F ran k Sa lter , C ornelius V ander P y l , John V ander P y l , R . A . W a tson , A . M . Z iegler . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : W . J. B leiler , C . E . M a c k a y , H. J. M u ller , C ornelius V ander P y l . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OF CONDITION AT TEE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Temporary expense account Cash . . . . Liabilities. . $478,791 13,505 1,422 104 522 23,965 00 00 83 74 44 72 , Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Fines . . . . Transfer fees . . . Withdrawal profits Forfeiture profits Forfeited share account Security committee . . . . . . . $435,219 66,168 5,529 4,048 6,661 142 199 14 308 18 $518,311 73 $518,311 73 Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force 00 89 82 02 95 88 75 64 22 56 00 Membership. . . . . 2,188 1,481 51 112 2,993 9,822 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . 177 139 907 223 Profits Distributed. U nm atured Sh ar e s . First term, 2%6% ; second term, 2%o%. Proportion of profits retained on voluntary withdrawals, 20% first 4 after 83^ years, none. years; 10% from 4 to 8J^ years; Rates and Averages on Loans. 5J^%, $121,950; 6%, $26,631. (average, $337.62 each; average rate, 5.86% ): 5%, $1,800; 6%, $11,705. 1 8 4 r e a l estate lo a n s (average, $2,602.12 each; average rate, 5.17%): 5%, $330,210; 4 0 sh a re l o a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,178.00 2 .27 Other Expenses. Total. $449.76 $1,627.76 .87 3.14 102 REPO RT OF TH E [Pub. Doc. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Shares Value Date of Issue. Series. per Share. in Force. Total Value. 82 13 $189 18 $15,512 76 Feb. 1905 14 178 73 68 12,153 64 Aug. 1905 78 15 168 50 13,143 00 Feb. 1906 16 158 53 40 6,341 20 Aug. 1906 66 17 148 82 9,822 12 Feb. 1907 18 117 16,301 61 139 33 Aug: 1907 242 31,472 10 19 130 05 Feb. 1908 213 20 121 01 25,775 13 Aug. 1908 21 112 21 205 23,003 05 Feb. 1909 22 103 61 286 29,632 46 Aug. 1909 95 20 385 36,652 00 23 Feb. 1910 263 22,886 26 24 87 02 Aug. 1910 544 25 79 04 42,997 76 Feb. 1911 305 21,728 20 26 71 24 Aug. 1911 614 27 63 65 39,081 10 Feb. 1912 1912 28 56 23 264 14,844 72 Aug. 48 99 646 31,647 54 29 Feb. 1913 30 41 573 24,031 62 1913 94 Aug. 31 996 35 05 34,909 80 Feb. 1914 432 12,234 24 32 28 32 Aug. 1914 841 18,291 75 33 21 75 Feb. 1915 660 10,124 40 34 15 34 Aug. 1915 1,027 9,335 43 35 9 09 Feb. 1916 36 3 00 875 2,625 00 Aug. 1916 Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Temporary expense Forfeited share account Matured share account Security committee Cash on hand October, 1915 $113,573 00 2,000 00 4,500 61,200 14,580 25,186 596 1 762 14 43 223 17,724 150 5,200 00 00 00 59 97 75 16 52 94 31 32 00 12 $245,756 68 D isbursem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Temporary expense Forfeited share account Matured share account Security committee Cash on hand October, 1916 $55,172 30 16,363 7,695 1 5,923 98,956 17,835 193 1,671 62 17,724 163 23,965 00 00 00 84 35 16 00 00 19 70 40 32 00 72 958 00 Dues paid in advance . $505,504 89 Dues capital Profits capital Unpaid dues . $435,219 00 66,168 89 4,117 00 $505,504 89 ' $245,756 68 D ates op E x a m in a tio n and A ud it , February 7-12 inclusive. HILLSIDE CO-OPERATIVE BANK, MEDFORD. 352 BOSTON AVENUE. Incorporated January 26, 1906. Began business February 6, 1906. H e n r y V. R o w el l , P r e s id e n t . F red W . S l e e p e r , T r e a s u r e r . W. H. A t k in s , D . A . B r o w n , F. A . B ruce , G. G. B r a y l e y , P. C . C h a n d l e r , C . A . E . C l ar k , A rthur C lifford , J. T . D e n n iso n , Jerry D riscoll , Joseph E n g e l , F. B. G i l B o a r d o f D ir e c t o r s : m a n , A . C. G r e e n , G . M . H a rm on , A . E . Josselyn , J. H . L eigh to n , Jam es M orrison , M . E . M u n ro , G . C. R ockw ood , H . V. R o w el l , F. W . S lee p e r . S e c u r i t y C o m m itte e : F. A . B r uce , Je rr y D riscoll , H . V . R o w e l l . Regular meetings for receipt of moneys the first Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Temporary expense account Cash . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $262,050 10,315 141 5,499 00 00 51 29 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits Security committee $278,005 80 $233,322 37,096 2,257 1.861 2,928 90 1 365 83 00 40 01 83 75 70 00 11 00 $278,005 80 I No. 8.] BANK COMMISSIONER. Shares. Issued during year Withdrawn during year Shares now pledged . Shares in force . . Membership. . . . 103 . . . . 1,190 782 1,692 5,074 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . 104 50 549 146 . . Profits Distributed. U nm atured Sh ares . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 1 1 6 re a l estate lo a n s (average, $2,259.05 each; average rate, 5.64%); 5%, $44,900; 5J^%, $98,150; 6%, $119,000. 3 8 sh a re lo a n s (average, $312.57 each; average rate, 6% ): 6%, $10,315. Total Expenses for Year. Salaries. $990.00 3.56 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . $59,056 44,590 5,825 14,202 308 3 788 24 100 10,434 Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Surplus . . Security committee Cash on hand October, 1915 00 00 00 13 44 75 77 07 00 60 $135,332 76 D isbursem ents . Dues capital withdrawn . Profits capital withdrawn . Real estate loans . . Share loans . . . . Interest . . . . . Temporary expense . Security committee . . Cash on hand October, 1916 . . . . . . Other Expenses. Total. $510.90 $1,500.90 1.84 5.40 $25,481 00 3,155 07 90,520 00 9,100 00 1 50 1,500 90 75 00 5,499 29 $135,332 76 Shares Date of Issue. Series. Value per Share. in Force. Total Value. Feb. 1906 1 $167 96 98 $16,460 08 2 158 19 Aug. 1906 47 7,434 93 3 148 55 Feb. 1907 104 15,449 20 4 139 17 Aug. 1907 34 4,731 78 5 Feb. 1908 129 89 251 32,602 39 120 84 Aug. 1908 6 167 20,180 28 112 07 7 80 8,965 60 Feb. 1909 8 103 48 95 9,830 60 Aug. 1909 9 95 15 234 Feb. 1910 22,265 10 10 86 91 170 Aug. 1910 14,774 70 11 219 Feb. 1911 78 95 17,290 05 12 Aug. 1911 71 17 138 9,821 46 13 63 61 Feb. 1912 185 11,767 85 14 56 19 Aug. 1912 194 10,900 86 15 48 95 Feb. 1913 286 13,999 70 16 41 89 273 Aug. 1913 11,435 97 Feb. 1914 17 35 01 364 12,743 64 18 322 28 29 9,109 38 Aug. 1914 21 73 Feb. 1915 19 346 7,518 58 20 15 33 441 6,760 53 Aug. 1915 21 Feb. 1916 9 09 708 6,435 72 22 3 00 318 Aug. 1916 954 00 Dues paid in advance . 472 00 $271,904 40 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $233,322 00 37,096 40 1,486 00 $271,904 40 D a tes of E x a m in a t io n and A ud it , February 9-11 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 104 REPO RT OF THE [Pub. Doc. HINGHAM CO-OPERATIVE BANK, HINGHAM. SOUTH STREET. Incorporated June 1, 1889. Began business June 5, 1889. E bed L. R ip l e y , P r e s id e n t . W illiam L. F ostee , T r e a s u r e r . E . W. B a e tlett , C. S. C ush in g , E dmund D a l y , W. B. F e a e in g , W. B. F ostee , W . L. F ostee , I. G . H e e se y , F. M . H e e se y , J. C. H ollis , F eedeeick H um ph bey , C. H . M a b b l e , J. J. M ooee , E . L. R ip le y , W. C. Sh u te , W. W. Simm ons , E . F. S k in n e e , Joseph St . Joh n , B o a r d o f D ir e c t o r s: G eoege W h itin g . S e c u r it y C om m itte e : C. S. C ush ing , E . W . B aetlett , I. G . H e e se y , E . F. Sk in n e e , W. B. F e a e in g . i Regular meetings for receipt of moneys the first Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Mortgage balances Cash . . . Liabilities. . . $633,950 23,300 1,498 176 3,842 22,574 00 00 66 92 60 64 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . . Forfeited share account . . . . . . . . $549,671 117,256 6,873 10,900 641 $685,342 82 00 30 62 00 90 $685,342 82 Shares. Membership. . Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force . . 1,745 820 52 292 3,862 9,728 Added during year W ithdrawn during year Members . . . . Borrowers . . . . . . . 177 119 1,161 400 Profits Distributed. , U nm atubed Sh a e e s . First term, 2 )4 % ; second term, 2)4% . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. S 8 8 re a l estate lo a n s (average, $1,875.59 1 8 5 s h a re lo a n s (average, $186.40 each; each; average rate, 5.61% ): 5)4% , $330,450; 6%, $303,500. average rate, 5.81% ): 5)4% , $5,850; 6%, $17,450. Total Expenses for Year. Salaries. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ........................................................' .......................................... $ 2, 112.00 3 .08 Other Expenses. $692.67 1.01 Total. $2,804.67 4 .0 9 No. 8.] BANK COMMISSIONER, Receipts and Disbursements. 105 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Security committee Cash on hand October, 1915 $116,745 00 16,600 57,950 18,200 36,101 1,272 6 1,260 18 528 162 13,218 00 00 00 73 24 25 27 63 38 00 60 $262,063 10 D isbu rsem ents . $35,983 788 42,347 5,866 18 16,027 120,450 10,400 118 2,804 528 3,842 314 22,574 Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Interest . . . . Tem porary expense Forfeited share account Mortgage balances Security committee Cash on hand October, 1916 00 00 00 41 63 23 00 00 11 67 38 60 43 64 $262,063 10 Date of Issue. Series. Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay N ov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 Value Shares per Share. in Force. Total Value. $199 43 143 $28,518 49 188 52 174 32,802 48 177 90 172 30,598 80 167 55 217 36,358 35 157 41 226 35,574 66 147 54 300 44,262 00 137 93 279 38,482 47 128 52 264 33,929 28 119 36 134 15,994 24 110 42 292 32,242 64 101 69 340 34,574 60 93 19 468 43,612 92 84 90 337 28,611 30 76 80 617 47,385 60 68 89 415 28,589 35 61 18 478 29,244 04 53 66 439 23,556 74 46 32 571 26,448 72 39 16 491 19,227 56 32 21 595 19,164 95 25 41 527 13,391 07 18 80 548 10,302 40 12 36 929 11,482 44 772 6 10 4,709 20 Dues paid in advance 425 00 $669,489 30 Dues capital Profits capital Unpaid dues $549,671 00 117,256 30 2,562 00 $669,489 30 D ates of E x a m in a tio n and A u d it , M a y 25-June 3 inclusive. HOLBROOK CO-OPERATIVE BANK, HOLBROOK. FRANKLIN STREET. Incorporated June 9, 1888. Began business June 11, 1888. W illard F. G leason , P r e sid e n t . G eorge T . W ilde , T r e a s u r e r . A. C . B elcher , L eonard B elcher , F. W . B lanchard , F. B. D im a n , L. E . F l ye , Z. A. F r ench , F. A. G ardner , W. F. G leason , F. L. H a y d e n , John K ing , C. H. M cC a r t e r , A . W. P a in e , H oward P latts , G. W . P orter , A . T. S outhworth , G . T . W il d e , W. B. W il d e , B o a r d o f D ir e c t o r s: G . E . W h it e . S e c u r it y C om m itte e : Z. A. F r ench , C . H . M cC a rte r , F. B. D im a n . Regular meetings for receipt of moneys the second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate by foreclosure, etc. Unpaid interest Unpaid fines Temporary expense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. . $288,650 7,975 1,735 1,169 135 524 7,394 00 00 00 25 82 47 58 $307,584 12 Dues capital Profits capital Guaranty fund . Surplus . . . Interest Fines . . . Transfer fees Withdrawal profits Security committee . . . $241,875 49,621 3,582 4,560 7,317 244 00 09 41 08 47 48 50 318 09 65 00 $307,584 12 106 [Pub. Doc REPO RT OF TH E Membership. Shares. . Issued during year W ithdrawn during year Forfeited during year . Retired during year Matured during year Shares now pledged Shares in force . . . 1,081 438 9 119 31 1,670 4,750 Added during year W ithdrawn during year Members . . . Borrowers . . . . . 109 70 615 247 . . Profits Distributed. U nm atured Sh ar e s . First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. Z 1 6 r e a l estate lo a n s (average, $1,336.34 each; average rate, 6% ): 6%, $228,650. 3 6 sh a re lo a n s (average, $221.52 each; average rate, 6% ); 6%, $7,975. Total Expenses for Year. Salaries. Amount paid for . . Cost per $1,000 of assets . . . 2 .2 8 Receipts and Disbursements. $56,094 00 1,700 00 800 38,050 5,450 350 17,627 676 1 703 5 20,587 4,830 1 89 125 22,700 00 00 00 00 39 38 75 57 38 03 07 70 29 00 28 $169,791 84 D isbursem ents . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Temporary expense Retired share account . Matured share account Matured share certificate account . Surplus . . . . Security committee Cash on hand October, 1916 $16,819 135 16,058 4,340 2,836 5 6,773 1,859 76,450 4,375 2,085 112 1,042 20,587 4,830 4,000 5 83 7,394 00 00 00 00 00 38 65 07 00 00 00 84 38 03 07 00 84 00 58 Date of Issue. Series. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 Value $191 179 168 158 147 137 127 118 109 100 91 83 74 66 59 51 44 37 30 23 17 13 92 91 22 84 75 95 46 23 27 58 13 93 97 25 75 47 39 52 86 39 11 10 5 00 Dues paid in advance . Shares 21 138 108 155 149 124 75 89 64 148 209 208 116 299 188 313 206 ' 218 329 318 323 457 495 Total Value. $4,013 24,828 18,242 24,524 22,028 17,081 9,596 10,542 6,990 14,839 19,140 17,291 8,691 20,024 11,139 16,197 9,160 8,151 10,041 7,587 5,616 5,072 2,475 73 96 28 10 16 00 25 94 72 96 22 04 88 03 00 75 82 02 08 48 97 70 00 123 00 $293,400 09 Dues capital Profits capital Unpaid dues $169,791 84 D ates op E x a m in a tio n and A udit , April 2 5 -2 8 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $1,042.38 3 .39 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Real estate.by foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Retired share account . Matured share account Profits capital Insurance account Security committee Cash on hand October, 1915 Other Expenses. $342.38 1.11 $241,875 00 49,621 09 1,904 00 $293,400 09 107 BANK COMMISSIONER, No. 8.] HOLYOKE CO-OPERATIVE BANK, HOLYOKE. 243 HIGH STREET. Incorporated July 24, 1880. Began business August 25, 1880. F r a n k J. P h e l p s , T r e a su r e r . C h a r l e s L . N e w c o m b , P r e sid e n t. B o a r d o f D ir e c t o r s : W . F . B a c h e l d e r , W . H . B u l l a r d , E. J. C r o w t h e r , J o h n H i l d r e t h , E. D . L a m b , J. H . M o n t g o m e r y , C . L . N e w c o m b , T . D. O ’ B r i e n , J a m e s P a r f i t t , F . J. P h e l p s , T . J. T i e r n e y , L . M . T horpe. S e c u r i t y C om m itte e : J. H . M ontgom ery, F . J. P h e l p s , J a m e s P a r f i t t . Regular meetings for receipt of moneys the fourth Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Unpaid interest . Unpaid fines Cash . . . . $780,350 32,400 14,900 12,240 2,396 153 41,410 00 00 00 51 08 02 60 $698,085 135,375 16,979 32,484 925 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account 00 38 44 52 87 $883,850 21 $883,850 21 Membership. Shares. . . 2,406 1,813 65 430 . 4,779 . 12,628 Issued during year W ithdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . . 245 271 1,605 477 Profits Distributed. U n m atured Sh ar es. First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 25% on series not over 5 years old; 10% thereafter. Rate3 and Averages on Loans. S 9 0 re a l estate lo a n s (average, $2,000.89 8 7 sh a re lo a n s (average, $372.41 each; each; average rate, 5.44%): 5%, $82,400; 5 K % , $697,950. average rate, 5.49%): 5%, $350; 5 K % , $32,050. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,399.92 Other Expenses. $767.57 .87 Total. $3,167.49 3 .58 108 REPO RT OF THE Receipts and Disbursements. Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y m aturity of shares . Real estate loans repaid Share loans repaid M ortgages . . . . Real estate b y foreclosure Interest . . . . Fines Transfer fees Withdrawal profits Forfeited profits . Tem porary expense . . M atured share account Cash on hand October, 1915 Reconciliation of Share Account with Dues $155,002 00 17,900 00 4,000 187,600 25,500 5,287 19,884 47,449 1,321 13 1,698 23 142 86,373 11,720 00 00 00 50 54 09 01 75 35 90 00 81 06 $563,916 01 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Mortgages . . . . Real estate b y foreclosure Interest . . . . Tem porary expense Forfeited share account Matured share account Cash on hand October, 1916 [Pub. Doc. $83,755 1,258 63,640 12,201 100 21,378 207,600 17,250 4,500 18,981 1,355 3,309 801 86,373 41,410 00 00 00 55 90 35 00 00 00 05 46 49 80 81 60 Date of Issue. Series. N ov. M ay N ov. M ay N ov. M ay N ov. M ay Nov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay Nov. M ay N ov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 Dues paid in idvance . of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , $41,703 47,526 38,277 45,707 39,142 69,691 52,798 38,317 35,159 44,449 39,389 32,830 28,856 46,293 30,663 28,717 28,090 28,604 35,801 29,083 19,862 15,219 13,439 7,241 55 50 20 20 50 16 48 15 81 65 40 55 40 76 68 08 00 16 26 60 22 36 70 01 542 00 $837,407 38 Dues capital Profits capital Unpaid dues $563,916 01 D ates Value Shares per Share. in Force $193 97 215 183 50 259 173 20 221 163 24 280 153 50 255 143 99 484 134 69 392 125 63 305 116 81 301 108 15 411 99 72 395 91 45 359 83 40 346 75 52 613 67 84 452 60 33 476 53 00 530 45 84 624 38 83 922 31 96 910 25 27 786 18 72 813 12 33 1,090 6 09 1,189 November 13-17 inclusive. $698,085 00 135,375 38 3,947 00 $837,407 38 No. 8.] BANK COMMISSIONER. 109 HOME CO-OPERATIVE BANK, WORCESTER. 390 MAIN STREET. Incorporated June 10, 1882. Began business June 16, 1882. E d w a r d P . I n g r a h a m , P r e s id e n t . G e o r g e O . B r i d g e s , T r e a su r e r . B o a r d o f D ir e c t o r s : D a v i d A r m it a g e , E. J. B a r d w e l l , A . J. B e a n , A l e x a n d e r B e l i s l e , H e n r y B r a n n o n , G. O . B r i d g e s , A . B . C h a p i n , W . S . D a d m u n , J. J. H i g g in s , J. W . H u n t , E . P . I n g r a h a m , N ig e l J a c q u e s , W . J. S t o n e , W . H . T o w n e , C . C . W h it c o m b . S e c u r it y C o m m itte e : E . J. B a r d w e l l , G . O. B r i d g e s , W . J. S t o n e . Regular meetings for receipt of moneys tbe third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate $1,055,550 00 Less amount due 1,050 00 Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Tem porary expense account Cash . . . . $1,054,500 21,850 2,968 9,383 1,240 65,335 00 00 00 55 63 01 $947,728 147,908 16,953 21,234 18,633 1,569 3 * 896 20 286 43 Dues capital Profits capital Guaranty fund Surplus Interest Fines Transfer fees Withdrawal profits Forfeiture profits Forfeited share account Security committee $1,155,277 19 $1,155,277 19 Membership. Shares. Issued during year W ithdrawn during year Forfeited during year Retired during year Matured during year Shares now pledged Shares in force 00 33 45 69 01 12 00 84 31 97 47 . . 5,237 3,103 71 . 1,505 215 . 6,166 . 21,284 Added during year W ithdrawn during year Members . . . Borrowers . . . . . . . . 400 342 2,153 519 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. (average, $2,402.05 each; average rate, 5.43% ); 5%, $213,150; 5J^%, $58,750; o ]4 ,% , $50,300; 53^%, $482,400; 5 ^ % , $37,800; 5M % , $27,150; 5 ^ % , $27,100; 6%, $48,950; 6J^%, $12,300; 6 M % , $9,450; 6 % % , $4,900; 6 ^ % , $5,900; 6%%, $200; 6M % , $1,800; 6 H % , $3,400; 7%, $100; 7 H % , $1,600; 7 % % , $500. 1 1 9 sh a re lo a n s (average, $183.61 each; average rate, 5.64%); 5%, $1,400; 5J^%, $1,300; 5M%> $400; 5 H % , $600; 5 y 2% , $13,000: 5 ^ % , $150; 5 % % , $700; 5 ^ % , $250; 6%, $700; 6 % % , $250; 6M % , $950; 6% % , $400; 6 ^ % , $150; 6M % . $500; 6 % % , $150; 7%, $550; 7 ^ % , $150; 7 K % , $250. 4 8 9 re a l estate lo a n s $68,750; 5 % % , Total Expenses for Year. Amount paid for .' C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $1,982.38 .......................................... 1.72 Other Expenses. $926.42 .80 Total. $2,908.80 2.52 110 REPO RT OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Mortgages . . . . Real estate b y foreclosure . Interest . . . . Fines . . . . Transfer fees . . Withdrawal profits Forfeited profits . Forfeited share account Insurance and taxes . . Security committee Certificate of deposit . Cash on hand October, 1915 $261,164 00 7,300 00 10,800 336,250 42,550 26,900 60 6,572 65,547 3,081 8 1,704 31 887 73 303 60,000 36,391 00 00 00 00 00 77 21 47 25 00 44 97 60 50 00 57 $859,625 78 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Uncompleted mortgage loans Mortgages . . . . Real estate b y foreclosure Interest . . Tem porary expense Forfeited share account Surplus . . . . Insurance and taxes Security committee Certificate of deposit . Cash on hand October, 1916 . $117,020 1,694 175,150 30,530 17,390 270 55,749 11,866 274,400 25,650 31,000 60 7,566 2,037 2,908 729 20 28 219 85,000 20,335 00 00 00 00 46 15 30 95 00 00 00 00 35 75 80 25 00 60 16 00 01 Date of Issue. Series. Value per Share. June 1905 47 $186 76 Dec. 1905 48 175 78 June 1906 49 165 09 Dec. 1906 50 154 76 June 1907 51 144 68 Dec. 1907 52 134 91 June 1908 125 43 53 Dec. 1908 54 116 24 June 1909 55 107 29 Dec. 1909 56 98 62 June 1910 57 90 19 Dec. 1910 58 82 00 June 1911 59 74 02 Dec. 1911 66 25 60 June 1912 61 58 69 Dec. 1912 62 51 33 June 1913 63 44 19 Dec. 1913 64 37 21 June 1914 65 30 41 Dec. 1914 66 23 80 June 1915 67 17 36 Dec. 1915 68 11 10 June 1916 69 5 00 of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , Shares Total Value. in Force. 153 $28,574 28 135 23,730 30 31,367 10 190 107 16,559 32 186 26,910 48 219 29,545 29 72,122 25 575 612 71,138 88 783 84,008 07 703 69,329 86 753 67,913 07 1,034 84,788 00 743 54,996 86 1,315 87,118 75 1,093 64,148 17 1,063 54,563 79 919 40,610 61 1,504 55,963 84 1,319 40,110 79 34,462 40 1,448 1,577 27,376 72 2,485 27,583 50 2,368 11,840 00 Suspense dues Dues paid in advance . 5 00 1,299 00 $1,106,066 33 Dues capital Profits capital Unpaid dues $859,625 78 D ates [Pub. Doc, September 5-16 inclusive. . $947,728 00 147,908 33 10,430 00 $1,106,066 33 I ll BANK COMMISSIONER. No. 8.] HOMESTEAD CO-OPERATIVE BANK, BOSTON. 36 BROMFIELD STREET. Incorporated September 11, 1877. W alter Began business September 12, 1877. W H . R o b e r t s , P r e sid e n t . il l ia m D . E l d r e d g e , T r e a su r e r . B o a r d o f D ir e c t o r s : E . P. B o s t w i c k , J. W . C o u s in s , E d r ic E l d r id g e , W . D . E l d r e d g e , G. R . F a r r e l l , W . F . F r e e m a n , J o s e p h H e n d r y , F . A . H in c h c l if f e , T . R . H u g h e s , J. T . K a l e r , C . F . L e t t e n e y , H. P. O a k m a n , J. A. P a r k e r , W . H . R o b e r t s , J. M . S im p s o n , J o s e p h U t t l e y , R . S. W entw orth. S e c u r i t y C om m itte e : J. M . S im p s o n , W . H . R o b e r t s , W . F . F r e e m a n , C. F . L e t t e n e y , R . S. W ent worth. Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Com m on form mortgages Unpaid interest . Unpaid fines Permanent expense account Tem porary expe’nse account Insurance and taxes paid M ortgage balance Cash . . . . $646,850 17,150 4,575 2,748 229 106 603 20 31 39,614 00 00 00 88 90 18 61 19 02 44 . Dues capital Profits capital Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits Forfeited share account Retired share account . Security committee $549,625 125,199 16,081 12,355 6,257 274 1 430 1,235 387 80 $711,929 22 $711,929 22 Shares. Issued during year Withdrawn during year Forfeited during year . Retired during year Matured during year Shares now pledged Shares in force 00 88 11 63 84 65 25 96 74 16 00 Membership. . . 2,379 1,239 49 90 291 . 3,601 . 10,605 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . . . 238 191 1,155 290 Profits Distributed. U nm atured Sh ar es. First term, 2Jfi%; second term, 2J^%; term, extra dividend, 1%. second Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 24-0 r e a l estate lo a n s ( average, $2,695.20 each; average rate, S H % , $462,050; 5 % % , $9,900; 6%, $21,500. 6 9 sh a re lo a n s (average, $290.67 each; average rate, 5.84%); 5.41% ); 5%, $126,600; 5 } 4 , % , $26,800; 5 jH>%, $5,350; 5M%'. $100; 6%, $11,700. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,812.66 2 .5 5 Other Expenses. Total. $2,906.48 $4,719.14 4 .0 8 6. 63 112 [Pub. Doc, REPO RT OF THE Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Profits capital Forfeited share account Retired share account . Matured share account Taxes . . . . Surplus . . . . Security committee Mortgage balances Cash on hand October, 1915 $121,931 00 7,700 00 19,850 90,650 18,350 1,969 7,593 36,901 1,479 5 2,069 27 6,614 203 16,533 37,967 131 238 1,080 37 52,604 00 00 00 00 76 16 12 75 89 14 07 28 34 33 48 14 00 20 69 $423,936 35 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans . . . Mortgages . . . . Real estate b y foreclosure Interest . . . . Tem porary expense Permanent expense Forfeited share account Retired share account . Matured share account Taxes . . . . Surplus . . . . Security committee M ortgage balances Cash on hand October, 1916 $49,556 961 12,131 41,419 8,518 108 4,470 15,927 137,700 16,700 2,750 7,517 1,070 4,626 198 248 34,834 37,967 134 6,614 800 00 00 00 00 47 57 30 99 00 00 00 04 01 56 76 28 44 33 87 07 00 68 22 39,614 44 . . . . . Date of Issue. Series. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 Shares Total Value. Value per Share. in Force. $29,040 56 $196 22 148 34,263 85 185 21 185 47,807 52 174 48 274 31,652 00 193 164 00 57,832 56 376 153 81 164 23,591 40 143 85 33,122 70 247 134 10 39,504 54 317 124 62 35,297 10 306 115 35 33,809 76 318 106 32 429 41,836 08 97 52 23,914 10 269 88 90 35,178 50 437 80 50 36,097 66 499 72 34 35,065 30 545 64 34 21,440 03 379 56 57 31,811 00 650 48 94 17,896 60 430 41 62 18,986 00 550 34 52 10,510 80 380 27 66 16,867 92 804 20 98 12,773 80 884 14 45 8,916 10 8 15 1,094 1,454 00 727 2 00 518 00 Dues paid in advance . $679,187 88 . Dues capital Profits capital Unpaid dues $549,625 00 125,199 88 4,363 00 $679,187 88 $423,936 35 D ates of E x a m in a t io n and A u d it , February 18-28 inclusive. HOUSATONIC CO-OPERATIVE BANK, HOUSATONIC. DEPOT STREET. Incorporated June 12, 1889. N a t h a n ie l W abner, B o a r d o f D ir e c t o r s : Began business July 1, 1889. D . C . K i l l e e n , T r e a su r e r . P r e sid e n t . T. E. B r o w n , E. C. H e r r i c k , A r t h u r K i n n e , J. F. M a c k , M i c h a e l M R . H . M c D o n a l d , F. M . M o o r e , J. A . P r a t t , E . S. T h a t c h e r . S e c u r i t y C o m m itte e : F. M . M oore, R . H . M c D o n a l d , T. E . B r o w n . Regular meetings for receipt of moneys the first M onday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis alu m ph y, 113 BANK COMMISSIONER No. 8.] STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. $109,960 2,560 3,000 136 59 9,640 Loans on real estate Loans on shares . . . . Comm on form mortgages Tem porary expense account Interest on matured shares . Cash . . . . . 00 00 00 39 86 50 ................................ Dues capital Profits capital . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Membership. Shares. . 00 26 15 01 84 44 25 67 80 $125,356 75 $125,356 75 Issued during year W ithdrawn during year Matured during year Shares now pledged . . Shares in force $104,256 16,450 813 826 2,892 50 . . 723 391 52 707 2,447 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . 65 37 331 96 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2)^%; second term, 2 }/%% Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 8 0 re a l estate lo a n s $750. 2 4 sh a re lo a n s (average, $1,374.50 each; average rate, 5.01%): 5%, $108,210; 5J4%, $1,000; 5 % % (average, $106.67 each; average rate, 5% ): 5%, $2,560. Total Expenses for Year. Salaries. $300.00 2 .3 9 Amount paid for . Cost per $1,000 of assets e c e ip t s . . Dues capital Real estate loans repaid Share loans repaid Real estate b y foreclosure . Interest . . . . Fines Transfer fees Withdrawal profits Tem porary expense Cash on hand October, 1915 $28,507 30,715 3,880 3,451 6,169 182 00 00 00 07 80 86 50 111 58 27 00 3,839 47 $76,884 28 D is b u r se m e n t s. $15,738 7,540 2,551 2,835 32,000 1,835 3,000 463 1,103 177 9,640 Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Mortgages . . . . . Tem porary expense Matured share account Interest on matured shares . Cash on hand October, 1916 Total. $436.57 3 .4 7 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R Other Expenses. $136.57 1.08 00 00 25 48 00 00 00 57 36 12 50 $76,884 28 Value Shares Date of Issue. Series. per Share. in Force. Total Value. $10,646 90 55 N ov. 1904 31 $193 58 3,476 24 19 32 182 96 M ay 1905 6,212 88 36 172 58 33 N ov. 1905 6,497 20 162 43 40 34 M ay 1906 3,051 00 152 55 20 35 N ov. 1906 8,431 10 142 90 59 36 M ay 1907 42 5,608 26 37 133 53 N ov. 1907 870 80 7 38 124 40 M ay 1908 35 4,043 20 39 115 52 N ov. 1908 3,525 72 33 106 84 M ay 1909 40 42 4,131 12 41 98 36 N ov. 1909 4,328 64 48 42 90 18 M ay 1910 4,519 35 55 82 17 N ov. 1910 43 4,163 04 56 44 74 34 M ay 1911 7,137 97 107 66 71 45 N ov. 1911 5,748 22 97 59 26 46 M ay 1912 6,396 00 123 52 00 47 N ov. 1912 6,872 76 153 48 44 92 M ay 1913 5,664 98 149 49 38 02 N ov. 1913 4,192 86 134 ' 31 29 M ay 1914 50 6,108 31 247 24 73 N ov. 1914 51 3,849 30 210 52 18 33 M ay 1915 249 3,0,10 41 12 09 1915 53 Nov. 2,586 00 431 6 00 54 M ay 1916 12 00 Dues paid in advance . $121,084 26 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $104,256 00 16,450 26 378 00 $121,084 26 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , Novem ber 13, 14. 114 REPO RT OF THE [Pub. Doc. HUDSON CO-OPERATIVE BANK, HUDSON. 60 MAIN STREET. Incorporated October 22, 1885. Began business November 19, 1885. E . S. L o c k e , P r e s id e n t . F r a n k E . B r o w n , T r e a su r e r . B o a r d o f D ir e c t o r s : J. H. B a r r e t t , F. E. B r o w n , A. M . - D u r a n , R . E . D u r k e , G. A. F u l l e r , C. E. H a l l , R. S. L a m s o n , E. S. L o c k e , C. A. P a c k a r d , C. H. P e r s o n s , E. J. P r e s c o t t , S. M . R o b in s o n , C. J. S a w y e r , T h o m a s T a y l o r , J. N. T o w e r , N. G. T r i p p , B . F . W h e e l e r , A. E. W o o d bury. S e c u r it y C om m itte e : F . E . B r o w n , R . S. L a m s o n , S. M . R o b in s o n . Regular meetings for receipt of moneys the third Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Cash Liabilities. $567,144 21,600 2,023 46,436 45 00 13 61 Dues capital . . . . Profits capital . . . . 145 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Forfeited share account Personal accounts Dividend on matured share certifi cates . . . . . $637,204 19 $487,367 00 95,900 56 29,000 12,890 11,378 18 69 00 40 25 10 88 580 00 $637,204 19 Shares. Membership. Issued during year . . . . 2,797 Withdrawn during year . . . 1,038 Forfeited during year . . . . 12 Matured during year . . . . 325 Shares now pledged . . . . 3,784 Shares in force . . . . . 10,819 Matured shares represented b y certificates 145 Added during year W ithdrawn during year Members . . . Borrowers . . . 315 167 1,432 472 . . Profits Distributed. U nm atured Sh ar es. First term, 2 % % ; second term, 2 % . % . M atured S h a r e C e r t if ic a t e s . First term, 2% ; second term, 2%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. S 9 6 re a l estate lo a n s (average, $1,432.18 H O sh a re lo a n s (average, $196.36 each; each; average rate, 5 ) 4 % ) '- 5M>%, $567,144.45. average rate, 5 % % ) : 5}-^%, $21,600. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,464.25 2 .3 0 Other Expenses. $1,101.63 1.73 Total. $2,565.88 4 .03 No. 8.] BANK COMMISSIONER. 115 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Value _ Shares Date of Issue. Series. per Share, in Force. Total Value. Dues capital . Real estate loans eliminated by / foreclosure . Real estate loans eliminated by m aturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest Fines Transfer fees Withdrawal profits Forfeited profits . Temporary expense Forfeited share account Surplus Matured share certificate account Personal accounts Insurance and taxes Dividend on matured share certifi cates . . . . Cash on hand October, 1915 $128,222 00 3,750 00 12,350 59,850 15,600 3,750 32,177 1,166 6 956 9 7 207 3 16,200 308 83 00 00 00 00 48 02 00 10 08 76 02 20 00 92 08 580 00 43,998 20 $319,224 86 D N ov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 .1915 1915 1916 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 $200 189 178 168 158 148 138 128 119 110 102 93 85 76 69 61 53 46 39 32 25 18 12 6 31 35 63 19 02 08 38 95 76 77 03 49 13 99 04 27 73 36 19 21 41 80 36 10 $30,188 282 47,125 3,654 36 18,113 145,994 15,150 3,750 1 2,573 262 3,800 239 00 00 00 57 32 52 45 00 00 15 64 24 00 04 Dues paid in advance . 44 80 65 61 84 28 86 20 72 07 48 92 82 69 84 91 10 08 12 13 40 80 20 60 704 00 $586,444 56 Dues capital Profits capital Unpaid dues $487,367 00 95,900 56 3,177 00 $586,444 56 1,567 33 50 99 46,436 61 $319,224 86 of $24,838 20,449 45.550 36,833 22,438 35,687 13,422 12,379 26,586 21,157 22,038 19,445 18,217 25,483 25,613 32,656 25.253 39,545 29,314 24.254 21,344 18,442 17.551 7,234 is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate by foreclosure Interest . . . . Tem porary expense Forfeited share account Matured share certificate account Personal accounts Dividend on matured share certifi cates . . . . Insurance and taxes Cash on hand October, 1916 D ates 124 108 255 219 142 241 97 96 222 191 216 208 214 331 371 533 470 853 748 753 840 981 1,420 1,186 E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , August 28-September 1 inclusive. > 116 REPO RT OF THE [Pub. Doc. HYDE PARK CO-OPERATIVE BANK, BOSTON. 1 FAIRMOUNT AVENUE (HYDE PARK DISTRICT). Incorporated March 26, 1886. E verett Began business M ay 5, 1886. W . L e w i s , P r e sid e n t . F r e d e r ic k B o a r d o f D ir e c t o r s : H. E. A s t l e y , L. M . B i c k f o r d , C . W . C a m e r o n , D . p o r t , J. E. F a r r e l l , J. A. G a l v i n , H. P. H e r r , C . F . J e n n e y , E. R . P. M o s e l e y , J. E . S h e r i d a n , C . F . S t a c k , G . E. S t a n f o r d . S e c u r it y C om m itte e : P. M c G r a t h , T r e a s u r e r . J. C o v e n y , A l b e r t D a v e n H . K e a r n e y , E. W . L e w i s , L. M . B i c k f o r d , D . J. C o v e n y , E . H . K e a r n e y . Regular meetings for receipt of moneys the first Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Unpaid fines Permanent expense account Tem porary expense account Personal accounts Taxes paid Cash . . . . Liabilities. $558,980 17,740 10,800 4,795 34 1,563 588 1,965 124 2,959 00 00 00 50 19 38 71 41 05 50 $459,320 00 83,636 88 Dues capital . . . . Profits capital . . . . 147 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . . . . . Transfer fees Withdrawal profits . . y Matured share account Personal accounts 29,400 9,299 10,399 3,623 1 71 3,705 91 $599,550 74 00 89 92 23 50 86 55 91 $599,550 74 Shares. Membership. Issued during year . . . . 3,282 W ithdrawn during year . . . 1,521 Forfeited during year . . . . 21 Retired during year . . . . 15 Matured during year . . . . 428 Shares now pledged . . . . 3,308 Shares in force . . . . . 10,767 Matured shares represented b y certificates 147 A dded during year . W ithdrawn during year Members . . Borrowers . . . . . . . . . . . . . . . 370 215 1,423 342 Profits Distributed. U n m a t tjr e d S h a r e s . First term, 25^%; second term, l 5A e % ', third term, lB /l6%. M atured S h a r e C e r t if ic a t e s . First term, 2 M%; second term, lj/g%; third term, iy s%. Proportion of profits retained on voluntary withdrawals, 15% first 4 years; 10% from 4 to 8 years; after 8 years, none. Rates and Averages on Loans. (average, $2,032.65 each; average rate, 5.52%): 5%, $232,650; 5 } i % , $27,650; 5J^%, $20,250; 5M % , $22,900; 6%, $255,530. 6 7 sh a re lo a n s (average, $264.77 each; average rate, 5.96% ): 5%, $650; 5M % , $180; 6%, $16,910. 2 7 5 re a l estate lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,213.01 3.69 Other Expenses. $1,099.97 1.83 Total. $3,312.98 5 .52 No. 8.] 117 BANK COMMISSIONER, Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. RECEIPTS. Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Taxes . . . . . Forfeited share account Security committee Matured share account Matured share certificate account . Personal accounts Surplus . . . . Cash on hand October, 1915 $117,933 00 3,500 00 27,550 76,800 17,070 137 3,975 31,686 1,223 6 866 11 81 677 232 16,105 23,800 11 10 4,721 00 00 00 07 00 07 74 25 76 85 20 26 00 50 00 25 21 55 $326,398 71 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Rea) estate loans Share loans Uncompleted mortgage loans Mortgages . . . . Real estate b y foreclosure Interest . . . . Tem porary expense Permanent expense Forfeited share account Matured share account Matured share certificate account . Guaranty fund . Taxes . . . . . Dividend on matured share certificates . . . . Cash on hand October, 1916 $49,999 609 2,145 62,471 6,873 72 774 23,075 138,630 10,210 137 3,300 3,789 529 3,212 1,394 677 12,399 2,200 10 205 00 00 00 00 83 93 45 40 00 00 07 00 81 78 98 25 26 95 00 00 25 Date of Issue. Series. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. June Sept. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 1916 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Value $189 178 168 158 148 139 129 120 111 103 94 86 78 70 62 55 48 41 34 27 20 14 8 5 2 37 87 58 52 72 13 83 73 83 16 72 47 42 55 89 43 13 02 09 33 76 35 09 03 00 _ Shares 123 144 192 164 180 149 225 183 266 278 334 308 432 284 431 397 478 455 520 587 757 1,067 905 591 1,317 Dues paid in advance . Total Value. $23,292 25,757 32,367 25,997 26,769 20,730 29,211 22,093 29,746 28,678 31,636 26,632 33.877 20,036 27,105 22,005 23,006 18,664 17,726 16,042 15,715 15,311 7,321 2,972 2,634 51 28 36 28 60 37 75 59 78 48 48 76 44 20 59 71 14 10 80 71 32 45 45 73 00 2,025 00 $547,358 88 Dues capital Profits capital Unpaid dues $459,320 00 83,636 88 4,402 00 $547,358 88 722 25 2,959 50 $326,338 71 D ates of E xam in a tio n and A u d it , March 9 -15 inclusive. INDEPENDENT CO-OPERATIVE BANK, WORCESTER. 314 MAIN STREET. Incorporated M ay 8, 1911. L ou is H . B u c k l e y , P r e sid e n t . Began business M ay 31, 1911. H a r r y C . R obinson , T r e a s u r e r . H . B alcom , L. H. B u c k l e y , M . E . C ostello , M . W . D on ohu e , J. L. H arrop , F. H. L u c k e , C h ristian N e lson , G. A. O l in , J. J. P o w e r , A. F. R ichardson , H . A. R o u sseau , D . A . S cott , N . J. S k er r e tt , H . C. S m ith , F. B . W ash bu r n . B o a r d o f D ir e c t o r s : W . S e c u r it y C om m itte e : J. L. H arrop , J. J. P o w e r , C hristian N e lson . Regular meetings for receipt of moneys the last Tuesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 118 REPO RT OF TH E [Pub. Doc, STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. $66,300 3,184 20 167 7,006 Loans on real estate Loans on shares . Permanent expense account Tem porary expense account Cash . 00 00 00 55 60 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Withdrawal profits Forfeited share account $70,250 4,398 171 499 1,090 82 37 148 $76,678 15 $76,678 15 Shares. Issued during year . W ithdrawn during year Forfeited during year . Shares now pledged . Shares in force . . 00 13 35 89 59 82 37 00 Membership. . . . . . . . . . . . . . . . 943 565 20 587 2,819 Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 96 70 360 66 Profits Distributed. U nm atured S h ares . First term, 1J4%; second term, 1 XA % \ third term, 1 H % '< fourth term, 1M%. Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. 3 8 re a l estate lo a n s (average, $1,744.74 each; average rate, 6% ): 6%, 3 2 sh a re lo a n s (average, $99.50 each; average rate, 6% ); 6%, $3,184. $66,000; 6M % . $300. Total Expenses for Year. Salaries. $396.00 5 .1 6 Amount paid for . Cost per $1,000 of assets R eceipts . $33,042 20,000 2,697 3,779 201 73 115 61 21 19 4,278 00 00 00 65 19 25 39 00 00 42 33 95 $64,289 18 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . Tem porary expense Permanent expense Withdrawal profits Cash on hand October, 1916 . $10,573 61 648 21 40,900 4,309 735 34 Total. $692.75 9.03 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Tem porary expense Forfeited share account Surplus . . . . Profits capital Cash on hand October, 1915 Other Expenses. $296.75 3 .87 00 00 05 16 00 00 12 33 92 7,006 60 Shares Date of Issue. Series. Value per Share. in Force. Total Value. M ay 1911 1 $72 96 153 $11,162 88 Aug. 1911 2 69 47 25 1,736 75 N ov. 1911 3 65 99 117 7,720 83 Feb. 1912 4 62 50 73 4,562 50 M ay 1912 5 59 02 10 590 20 Aug. 1912 6 55 56 24 1,333 41 Feb. 1913 8 48 68 29 1,411 72 M ay 1913 9 45 25 51 2,307 75 Aug. 1913 10 41 82 8 334 56 Nov. 1913 11 52 38 39 1,996 28 Feb. 1914 12 34 99 114 3,988 86 M ay 1914 13 31 62 216 6,829 92 Aug. 1914 14 28 28 219 6,193 32 N ov. 1914 15 24 98 238 5,945 24 Feb. 1915 16 21 72 201 4,365 72 M ay 1915 17 18 50 212 3,922 00 Aug. 1915 18 15 32 220 3,370 40 N ov. 1915 19 12 18 327 3,982 86 Feb. 1916 20 9 08 227 2,061 16 M ay 1916 21 6 02 87 523 74 Aug. 1916 22 216 3 00 648 00 Dues paid in advance . . 542 00 $75,530 13 $64,289 18 Dues capital Profits capital Unpaid dues $70,250 00 4,398 13 882 00 $75,530 13 D ates of E xam in a tio n and A u d it , June 13, 14. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. 119 INMAN CO-OPERATIVE BANK, CAMBRIDGE. 211 HAMPSHIRE STREET. Incorporated June 16, 1913. Began business July 7, 1913. W alter E . B o w e , T r e a su r e r . C harles S. C a h il l , P r e sid e n t. J. J. A h e r n , W . E. B o w e , E. J. B ran don , C. S. C a h il l , J. J. C a n n e t , J. S. C asse d y , E. J. C o n l e y , E . A . C o u n ih a n , Jr., W . R. D a v is , M . J. H a r t y , W . F. H a v e r t y , J. H. H u r l e y , J. F. K e ll e y , T homas L eigh to n , Jr., J. C. L in e h a n , A. E. L y n c h , G. F. M cK elleget , W . H. M c M e n n im e n , Jerem iah M o y n a h a n , J. H . O ’B r ie n , T . J. O ’K e e f e , J. F. S u l l iv a n . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : C. S. C a h il l , J. S. C asse d y , M . J. H a r t y , T homas L eigh to n , Jr., A . E. L y n c h . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Less amount due $165,720 00 6,600 00 -----------------Loans on shares . . . . Unpaid interest . . . . Permanent expense account . Tem porary expense account . Cash . . . . . $159,120 7,565 223 11 93 5,655 00 00 50 64 12 51 Dues capital Profits capital Guaranty fund . '. Surplus Interest Fines Withdrawal profits Forfeited share account Security committee . $172,668 77 Membership. . . . . . . . . 00 37 40 59 47 34 70 90 00 $172,668 77 Shares. Issued during year . W ithdrawn during year Forfeited during year . Shares now pledged . Shares in force . . $159,686 11,377 471 132 853 43 44 39 20 . . . . .3,141 . 1,479 . 71 1,369 7,966 A dded during year W ithdrawn during year Members' Borrowers 329 195 868 117 Profits Distributed. U nm atured S h ar e s . First term, 1% % • , second term, 1 % % \ third term, 1*4% ; fourth term, 1*4%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 6 5 re a l estate lo a n s (average, $2,893.09 6 2 sh a re lo a n s (average, $122.02 each; each; average rate, 6% ): 6%, $159,120. average rate, 6% ): 6%, $7,565. Total Expenses for Year. Am ount paid for . . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . Salaries. $499.94 2 .89 Other Expenses. $564.83 3 .26 Total. $1,064.77 6 .1 5 120 REPO RT OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans repaid Share loans repaid Uncompleted mortgage loans Interest . . . . Fines . . . . Transfer fees Withdrawal profits Tem porary expense Forfeited share account Profits capital Surplus . . . . Security committee Cash on hand October, 1915 $82,118 23,300 5,893 15,000 8,680 408 [Pub. Doc, 00 00 00 00 54 66 75 341 61 02 155 80 12 88 22 26 117 50 11,934 37 $147,985 39 Value Shares Date of Issue. Series. per Share. in Force. Total Value. $56,372 95 July 1913 1 $43 87 1,285 Oct. 1913 2 532 21,444 92 40 31 Jan. 1914 36 78 12,358 08 3 336 April 1914 33 33 275 9,165 75 4 July 1914 29 88 7,709 04 5 258 9,294 48 Oct. 1914 6 26 48 351 Jan. 1915 21,742 20 23 13 7 940 April 1915 19 84 407 8,074 88 8 6,042 40 July 1915 9 16 60 364 Oct. 1915 . 10 7,190 43 13 39 537 Jan. 1916 6,189 15 11 10 23 605 612 4,351 32 April 1916 12 7 11 July 1916 13 4 03 859 3,461 77 14 605 00 Oct. 1916 1 00 605 Dues paid in advance . D isbu bsem e n ts . Dues capital withdrawn Dues capital forfeited Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . * Uncompleted mortgage loans Withdrawal profits Fines . . . . Interest . . . . Tem porary expense Permanent expense Forfeited share account Guaranty fund . Surplus . . . . Cash on hand October, 1916 $23,373 270 1,320 51 97,500 8,920 9,800 2 34 831 99 115 9 1 5,655 00 00 31 18 00 00 00 80 15 88 46 36 90 26 58 51 520 00 $174,522 37 Dues capital Profits capital Unpaid dues $159,686 00 11,377 37 3,459 00 $174,522 37 $147,985 39 D ates op E xam in a tio n and A u d it , July 12-15 inclusive. IPSWICH CO-OPERATIVE BANK, IPSWICH. FIRST NATIONAL BANK BUILDING. Incorporated July 8, 1913. W alter E . H a y w a r d , P r e s id e n t . Began business July 14, 1913. H ow ard N . D ou ghty , T r e a su r e r . A. J. B arton , F. M . B u r k e , C. F. C h ap m a n , H . N. D ou ghty , C. E. G oo dhu e , W . E. H a y w a r d , C. M . K e ll y , F. W . K y e s , J. A. M arsh all , H . W . M a so n , D . E. M easu res , C. A. N orwood , W . J. R il e y , G . A . S chofield , F. A . Sm ith . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : F. M . B u r k e , W . J. R il e y , G. A. S chofield , J. A. M arsh all , C. E. G oo dhu e . Regular meetings for receipt of moneys the second M onday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 121 BANK COMMISSIONER No. 8.] STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate . . . Loans on shares . . . . Permanent expense account . Tem porary expense account . C a s h .......................................... $54,150 00 1,297 00 30 00 42 88 346 38 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . . Interest . . . Fines . . . Transfer fees . . Withdrawal profits Personal accounts . . . . . . . $51,724 2,844 163 29 1,064 32 00 66 68 96 81 19 25 5 21 1 50 . . . . . . . $55,866 26 $55,866 26 Membership. Shares. Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . . . . . . . . . . . . . . . . 826 211 10 372 2,206 A dded during year W ithdrawn during year Members . Borrowers . . . . . 122 30 335 58 Profits Distributed. U nm atur ed Sh ar e s . First term, 2 % % ; second term, 2 % % . Proportion of profits retained voluntary withdrawals, 10%. Rates and Averages on Loans. 4 6 r e a l estate lo a n s (average, $1,177.17 each; average rate, 6.10%); 6yio%. $54,150. 1 2 sh a re lo a n s (average, $108.08 each; average rate, 6.10%); 6yio%i $1,297. Total Expenses for Year. Salaries. $85.00 1.53 Am ount paid for . Cost per $1,000 of assets R e ceipts . $24,330 3,150 248 2,684 83 - Total. $198.71 3.56 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital Real estate loans repaid . Share loans repaid Interest . . . . Fines . . . . Transfer fees . . ' . Withdrawal profits Forfeited profits . Forfeited share account Personal accounts Insurance account Cash on hand October, 1915 Other Expenses. $113.71 2 .0 3 17 10 3 865 1,328 00 00 00 45 93 75 26 10 00 00 00 47 Value Shares Date of Issue. Series. per Share. in Force. Total Value. $42 84 July 1913 1 707 $30,287 88 Jan. 1914 2 36 09 178 • 6,424 02 132 29 38 3,878 16 July 1914 3 Jan. 1915 4 22 79 194 4,421 26 July 1915 5 16 36 209 3,419 24 559 Jan. 1916 6 10 10 5,645 90 4 00 227 908 00 July 1916 7 Dues paid in advance . 136 00 $55,120 46 $32,720 96 D isbu rse m e nts . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Real estate loans Share loans . . . . Tem porary expense Permanent expense Forfeited share account Personal accounts . . Insurance account Cash on hand October, 1916 . $3,606 10 173 26,600 880 198 30 10 1 865 346 00 00 37 00 00 71 Dues capital Profits capital Unpaid dues Suspense profits . 00 00 50 00 38 $32,720 96 D a te s op E xam in a tio n and A ud it , October 13, 14. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $51,724 2,844 550 1 00 66 00 80 $55,120 46 122 [Pub. Doc, REPO RT OF TH E JOSEPH WARREN CO-OPERATIVE BANK OF ROXBURY, BOSTON. 2370 WASHINGTON STREET (ROXBURY DISTRICT). Incorporated April 26, 1910. Began business M ay 16, 1910. F r an k D . L ittlefield , P r e sid e n t . F r an k E . C ruff , T r e a s u r e r . F. E. C r u ff , G . W . C u r tis , J. G . F erguson , E. S. F ie ld s , M . J. F i n n , A . J. F oster , W . J. K e l l y , F. D. L ittlefie ld , W . S. L it tl ef ie ld , H ugh N a w n , F. W . R ugg , E. J. R y a n , Joshua S e a v e r , M . F. S h a y , D u a n e W h it e . B o a r d o f D ir e c t o r s : A . G . A nd erson , A ugustus B aco n , G. H . C or e y , F. G. C r esse y , S e c u r it y C om m itte e : J. G. F erguson , M . F. Sh a y , D u a n e W h it e . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. $609,075 27.549 2,012 275 21.549 Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Cash 00 00 40 79 38 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account $577,286 71,319 4,800 6,622 432 $660,461 57 $660,461 57 Shares. Issued during year W ithdrawn during year Forfeited during year . Shares now pledged Shares in force 00 89 55 40 73 Membership. 4,311 2,928 34 4,335 15,983 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . . 435 326 1,923 377 Profits Distributed. U nm atured Sh ar e s . First term, 1 % % ; second term, 1} i % ; third term, 1 X % ‘, fourth term, 1M%. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. (average, $2,298.40 each; average rate, 5.53% ): 5%, $28,000; 5J4%, $11,200; 5h->%, $496,825; 6%, $73,050. 1 9 1 s h a r e lo a n s (average, $144.23 each; average rate, 6% ): 6%, $27,549. 2 6 6 re a l estate lo a n s Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $1,935.00 .......................................... 2.93 Other Expenses. $704.50 1.07 Total. $2,639.50 4 .0 0 No. 8.] BANK COMMISSIONER. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Tem porary expense Forfeited share account Surplus . . . . Over and short account Security committee Cash on hand October, 1915 . . $186,783 93,400 16,994 33,420 1,361 41 75 900 307 37 579 - 25,719 00 00 00 72 34 00 18 50 05 97 17 50 68 $359,620 11 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Fines . Tem porary expense Forfeited share account Over and short account Security committee Cash on hand October, 1916 123 $80,710 890 7,906 120 223,750 20,868 00 00 17 58 00 2,640 567 39 579 21,549 18 00 30 00 50 38 00 Shares Date of Issue. Series. Value per Share. in Force. Total Value. M ay 1910 $92 16 1 1,963 $180,910 08 Aug. 1910 2 88 04 276 24,299 04 N ov. 1910 3 83 97 167 14,022 99 Feb. 1911 4 79 96 530 42,378 80 M ay 1911 5 76 00 285 21,660 00 Aug. 1911 72 08 6 280 20,182 40 N ov. 1911 7 68 21 284 19,371 64 Feb. 1912 64 38 8 413 26,588 94 M ay 1912 9 ( 60 61 556 33,699 16 Aug. 1912 56 90 10 278 15,818 20 N ov. 1912 11 53 21 495 26,338 95 Feb. 1913 12 49 57 444 22,009 08 M ay 1913 402 13 45 97 18,479 94 Aug. 1913 42 41 14 426 18,066 66 N ov. 1913 15 38 90 639 24,857 10 Feb. 1914 16 35 43 735 26,041 05 M ay 1914 32 00 17 557 17,824 00 Aug. 1914 18 28 62 334 9,559 08 N ov. 1914 19 25 28 446 11,274 88 Feb. 1915 21 98 20 897 19,716 06 M ay 1915 21 18 72 910 17,035 20 Aug. 1915 22 15 50 733 11,361 50 N ov. 1915 23 12 32 887 10,927 84 Feb. 1916 1,332 24 9 18 12,227 76 M ay 1916 821 25 6 08 4,991 68 Aug. 1916 26 893 3 02 2,696 86 Dues paid in advance . 999 00 $359,620 11 $653,337 89 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $577,286 00 71,319 89 4,732 00 $653,337 89 D ates of E xam in a tio n and A u d it , February 3 -8 inclusive. LAFAYETTE CO-OPERATIVE BANK, FALL RIVER. 86 BEDFORD STREET. Incorporated April 11, 1894. E dmond C ote , P r e s id e n t . B o a r d o f D ir e c t o r s : Began business M ay 3, 1894. Sa m ue l E . R obinson , T r e a s u r e r . J. C. B r a d y , A . B. B r ay t o n , A mable C h o u in ar d , E dmond C ote , A . S. F u r t a d o , A . H . L e e m in g , H ubert L eg a r e , L ouis L e te n d r e , W illiam M arsh all , J oseph M e n a r d , N ath an M il le r , C. E . P e lo q u in , A . S. P hillips , S. E . R obinson , O liva St . D e n is , R . C . S m a ll , W . F. W in t e r . S e c u r i t y C om m itte e : N a th a n M il le r , C. E . P elo quin , A mable C h o u in ar d . Regular meetings for receipt of moneys the first W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Tem porary expense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $511,425 28,850 889 894 13,833 00 00 07 49 86 $555,892 42 Dues capital Profits capital 20 matured shares represented b y certificates Guaranty fund . . '. Surplus . . . . Interest . . . . Fines . . ' Forfeited share account $463,477 00 57,198 22 4,000 6,401 8,290 14,637 287 1,600 00 61 38 70 26 25 $555,892 42 124 REPO RT OF THE [Pub. Doc. Shares. Membership. 5,303 Issued during year Withdrawn during year 3,193 25 Forfeited during year 41 Matured during year 3,469 Shares now pledged . . . . 13,522 Shares in force . . . . . Matured shares represented b y certificates 20 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . . 444 290 1,223 280 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 25^%; second term, 2% % . M atured S h a r e C e r t if ic a t e s . First term, 2 % % ; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 2 1 6 re a l estate lo a n s (average, $2,367.70 9 9 s h a re lo a n s (average, $291.41 each; each; average rate, 5 A % ) '- 5 A % , 1511,425. average rate, 5 A % ) ■ 5J^%, $28,850. Total Expenses for Year. Salaries. $1,295.50 2 .3 3 Am ount paid for . Cost per $1,000 of assets Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Shares Total Value. Date of Issue. Series. Value per Share. in Force. Dues capital . _. _ . Real estate loans eliminated b y foreclosure . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate by foreclosure Interest . . . . Fines . . . . . Forfeited share account Matured share certificate account . Profits capital . . . . Cash on hand October, 1915 $159,075 00 1,600 00 2,200 122,000 13,300 14,300 1,650 27,421 562 1,579 4,000 5 9,247 00 00 00 00 47 97 79 25 00 40 44 $356,942 32 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . . Tem porary expense . . Dividend on matured share certificates . . . . . Surplus . . . . . Cash on hand October, 1916 $71,712 1,375 5,981 7,109 214 2,228 213,900 22,650 14,300 1,625 60 1,867 00 00 00 16 75 89 00 00 00 62 24 23 79 17 5 40 13,833 86 Nov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 $193 183 172 162 152 143 133 124 115 107 98 90 82 74 66 59 52 45 38 31 24 18 12 6 67 09 77 71 89 32 97 82 92 27 80 53 46 59 30 79 54 87 140 20 116 143 101 355 249 215 276 322 548 413 678 578 810 1,007 1,025 1,819 1,610 2,847 90 42 12 01 08 33 75 34 09 00 $5,810 14,464 9,329 14,155 21,404 2,866 15,540 17,849 11,707 38,080 24,601 19,463 22,758 24,017 36,661 24,540 35,337 26,015 30,844 31,549 25,368 33,360 19,464 17,082 10 11 58 77 60 40 52 26 92 85 20 95 96 98 20 46 36 78 80 31 75 46 90 00 152 00 Dues paid in advance . $522,423 22 Dues capital Profits capital Unpaid dues $356,942 32 D Other Expenses. Total. $571.73 $1,867.23 1.03 3 .3 6 M ay 17-19 inclusive. . . . . . . . . . . . . $463,477 00 57,198 22 1,753 00 $522,428 22 125 BANK COMMISSIONER. No. 8.] LAWRENCE CO-OPERATIVE BANK, LAWRENCE. 301 ESSEX STREET. Incorporated M arch 12, 1888. Began business April 6, 1888. J o h n P a i s l e y , P r e sid e n t. W il l ia m A. W h it n e y , T r e a su r e r . B o a r d o f D ir e c t o r s : W . E . B b a d b u r y , F. G. B r a i n e r d , F. N . C h a n d l e r , A n d r e w C r a i g , W . S. D o n a l d , F. H . E a t o n , J. H . G i l m a n , W . H. G l o v e r , C o l in K e r r , J. R . M a r j e r is o n , J o n a t h a n M o o r e h o u s e , J o h n P a i s l e y , R . F. P i c k e l s , E . C . S t i e g l e r , J a m e s W h i t e , J r., W . A . W h i t n e y . S e c u r it y C om m itte e : C o l i n K err, A n d r e w C r a ig , J. H . G i l m a n . Regular meetings for receipt of moneys the first Saturday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Common form mortgages Permanent expense account Cash . Liabilities. $776,850 27,125 2,400 234 46,314 00 00 00 00 02 $682,054 00 123,577 59 Dues capital . . . . Profits capital . . 142 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Personal accounts Dividend on matured share certifi cates . . . . . 28,400 9,646 8,853 72 319 50 $852,923 02 $852,923 02 Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force 00 .11 32 50 Membership. . . 3,866 2,459 40 271 . 5,112 . 14,825 ificates 142 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . . 398 255 1,761 468 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 134%; second term, 134%; third term, 1M%; fourth term, 134%M atured S h a r e C e r t if ic a t e s . First term, 134%; second term, 134%; third term, 134%; fourth term, 134%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on series from 5 to 8 years old ; after 8 years, none. Rates and Averages on Loans. 8 7 8 re a l estate lo a n s (average, $2,055.16 W 4 s h a re lo a n s (average, $132.97 each; each; average rate, 5.49% ); 5%, $396,450; 6%, $380,400. average rate, 5.87% ): 5%, $3,485; 6%, $23,640. Total Expenses for Year. Salaries. Amount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ........................................... 3 .32 Other Expenses. $1,019.38 1.20 Total. $3,853.61 4 .5 2 126 REPO RT OF TH E Receipts and Disbursements. [Pub. Doc. Reconciliation of Share Account with Dues and Profits Capital. iX E C E IP T S . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Profits capital Matured share account Matured share certificate account . Surplus . . . . Dividend on matured share certificates . . . . Mortgage balance Cash on hand October, 1915 $174,820 00 7,050 00 6,300 154,400 21,270 8,637 44,446 725 11 1,369 3 4 47,422 16,000 65 00 00 00 38 15 47 00 57 06 02 20 00 92 26 25 12 95 16,036 07 $ 4 9 8 ,6 0 0 04 D isb u r se m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Fines . . . . Withdrawal profits Real estate b y foreclosure Interest Tem porary expense Forfeited share account Matured share account Surplus . . . . Personal accounts Dividend on matured share certificates . . . . Mortgage balance Cash on hand October, 1916 $93,827 256 39,553 14,931 12 14,260 206,400 22,380 1 10 7,730 523 3,798 71 47,422 33 16 op E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and Nov. M ay Nov. M ay Nov. M ay N ov. Ma y N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay Nov. M ay N ov. M ay Aug. N ov. Feb. M ay Aug. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1915 1916 1916 1916 A u d it , 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 Value $196 186 175 165 155 145 136 127 117 109 100 92 84 76 76 07 64 44 48 76 27 01 99 18 57 21 03 03 68 22 60 53 45 38 32 25 18 15 12 9 6 3 63 21 98 91 01 29 73 51 33 19 09 03 Dues paid in advance . Shares 116 232 186 162 264 252 184 240 344 455 407 481 458 425 450 647 916 855 907 949 1,136 871 360 929 934 867 798 Total Value. $22,824 43,168 32,669 26,801 41,046 36,731 25,073 30,482 40,588 49,676 40,931 44,353 38,485 32,312 30,699 39,227 48,740 39,312 35,291 30,377 28,729 16,313 5,583 11,454 8,583 5,280 2,417 Dues capital Profits capital Unpaid dues 04 June 21-28 inclusive. 16 24 04 28 72 52 68 40 56 90 99 01 74 75 00 61 36 90 37 49 44 83 60 57 46 03 94 523 00 $ 8 0 7 ,6 8 0 1,047 00 12 95 46,314 02 $ 1 9 8 ,6 0 0 D ates 00 00 00 07 24 06 00 00 14 47 50 13 41 58 20 27 00 Date of Issue. Series. 59 $682.054 00 123,577 59 2,049 00 $ 8 0 7 .6 8 0 59 127 BANK COMMISSIONER. No. 8. LEOMINSTER CO-OPERATIVE BANK, LEOMINSTER. 42 MAIN STREET. Incorporated M ay 8, 1888. Joseph P. H olm an , P r e s id e n t s Began business M ay 18, 1888. > J. W ard H e a l e y , T r e a su r e r . R . B. A n d r e w s , C. E. B ig e l o w , L. W . B r o w n in g , H. R . D a v is , W . G. D e r b y , F. S. F arn sw o r th , J. W . H e a l e y , J. P. H olm an , A. N. L itch , E. F. P ie r ce , F. J. Sh a w , F. W . B o a r d o f D ir e c t o r s : T enney. S e c u r it y C om m itte e : C . E . B ig e l o w , F. S. F arn sw o r th , E . F. P ie r c e . Regular meetings for receipt of moneys the third Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. . Loans on real estate Loans on shares . Unpaid interest . Overs and shorts Cash . . . . $589,735 18,215 2,812 12 186,149 00 00 67 76 35 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . . Forfeited share account . . . . $640,429 129,987 11,611 14,887 9 . . . . $796,924 78 $796,924 78 Membership. Shares. Issued during year W ithdrawn during year Forfeited during year M atured during year Shares now pledged Shares in force 00 72 98 08 00 . . 2,710 1,639 56 328 . 3,716 . 12,401 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . . 304 233 1,496 414 Profits Distributed. U nm atured S h ares . First term, 2J^%; second term, 2 } 4 % . Proportion of profits retained on voluntary withdrawals, 10%. Rates and Averages on Loans. 3 3 6 re a l estate lo a n s (average, $1,755.16 each; average rate, 5.91%): 5%, 7 9 sh a re lo a n s (average, $230.56 each; average rate, 5.99% ); 5%, $200; $55,015; 6%, $534,720. 6%, $18,015. Total Expenses for Year. Salaries. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,815.00 2 .2 8 Other Expenses. Total. $830.56 $2,645.56 1.04 3 .3 2 128 REPO RT OF TH E Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Tem porary expense Forfeited share account Application fees . Profits capital Surplus . . . . Cash on hand October, 1915 $149,607 00 9,900 00 1,400 134,455 16,665 3,800 12,475 41,664 903 4 1,029 2 192 98 14 00 00 00 00 29 83 09 25 43 34 31 28 00 10 28 09 100,493 51 $472,732 52 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Fines . . . . Real estate b y foreclosure Interest . . . . Tem porary expense Forfeited share account Application fees . Over and short account Cash on hand October, 1916 $66,519 423 47,222 10,705 24 18,127 146,510 13,080 3 10,677 329 2,837 98 6 19 156,149 [Pub. Doc. 00 00 00 31 18 24 00 00 88 29 88 87 28 00 24 35 Date of Issue. Series. p^ N ov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay N ov. M ay N ov. M ay Nov. M ay Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 Dues paid in advance . re. Æ c e . Total Value. 09 19 54 14 05 17 52 11 93 96 26 73 40 31 41 73 26 99 89 99 27 72 33 09 151 266 438 190 193 225 173 233 282 317 282 375 506 373 551 708 593 614 939 783 817 912 1,205 1,275 $30,062 50,058 77,762 31,756 30,310 33,113 23,790 29,849 33,538 34,857 28,555 34,773 42,706 28,463 37,693 42,996 31,583 28,237 36,517 25,048 20,645 17,072 14,857 7,764 59 54 52 60 65 25 96 63 26 32 32 75 40 63 91 84 18 86 71 17 59 64 65 75 723 00 $772,740 72 Dues capital Profits capital Unpaid dues $472,732 52 D a tes of E xam in a tio n and A u d it , June 29-July 5 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $199 188 177 167 157 147 137 128 118 109 101 92 84 76 68 60 53 45 38 31 25 18 12 6 $640,429 00 129,987 72 2,324 00 $772,740 72 No. 8.] BANK COMMISSIONER. 129 LEXINGTON CO-OPERATIVE BANK, LEXINGTON. MASSACHUSETTS AVENUE. Incorporated M ay 10, 1916. Began business July 12, 1916. W illiam H . B allard , P r e sid e n t . B yron C. E arle , T r e a su r e r . W . H . B allard , A. I. B ic k n el l , C. W . B l a k e , W . H . B urgess , A. H . B ur nh am , G. L. C h ap in , F. P. C u t te r , It. D . D onaldson , B. C. E a r l e , E . W . H arrod , J. N. L e o n a r d , D . B. L e w is , G eorge M cK a y , W . E. M u l l ik e n , L ouis P leipfer , C. S. R y a n , G. H . S pauld in g , M a tt h e w S tev e n so n , E . C. Sto n e . B o a r d o f D ir e c to r s: S e c u r it y C om m itte e : W . H . B allard , F. P. C utter , R . D . D onaldson , G eorge M cK a y . Regular meetings for receipt of moneys second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. $450 00 25 00 5,818 88 Loans on real estate Permanent expense account Cash Dues capital Interest Fines $6,282 00 3 68 8 20 $6,293 88 $6,293 83 Shares. Membership. 1.738 9 1.738 Issued during year Shares now pledged Shares in force A dded during year Members . . Borrowers . . . . . . . . . . . 271 271 1 . . . Profits Distributed. N o dividend yet declared. Proportion of profits retained on voluntary withdrawals, 25% first 5 years; 10% thereafter. Rates and Averages on Loans. (average, $450; average rate, 53^%): 5 } 4 % , $450. 1 re a l estate lo a n Total Expenses for Year. N o expenses at date of this report. Receipts and Disbursements. Dues capital Interest . Fines . . . . RbCTIPTS. . . . . . . $6,282 00 3 68 8 20 $6,293 88 Reconciliation of Share Account with Dues and Profits Capital. Date of Issue. Series. pJrag fare July Oct. 1916 1916 $4 00 1 00 Dues paid in advance . $6,580 00 93 00 23 00 $6,696 00 D isbu rsem ents . Real estate loans . . Permanent expense . . . Cash on hand October, 1916 Total Value. 1,645 93 . . $450 00 25 00 5,818 88 $6,293 88 Dues capital Unpaid dues $6,282 00 414 00 $6,696 00 D ate of E xam in a tio n and A ud it , N ovember 21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 130 [Pub. Doc. REPORT OF THE LINCOLN CO-OPERATIVE BANK, LYNN. 191 NORTH COMMON STREET. Incorporated April 7, 1909. Began business April 26, 1909. W illiam M . B a r n e y , P r e s id e n t . E dw ard M . B a r n e y , T r e a su r e r . E . H . B allard , E . M . B a r n e y , L. L. B a r n e y , W . M . B a r n e y , E . E. B oy e r , E . P. B utterfield , T homas C am pbell , 2d, W . A. C am pbell , T . S. D um as , S. M . H older , E. H . K e l l e y , W . M . N y e , A . E. Q u ic k , H . A. Sw e t t , G. T . T il l , C. E . W il k in s , C. G. W oodbridge . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : W . M . B a r n e y , W . A . C am pbell , C . E . W il k in s . Regular meetings for receipt of moneys the last M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Permanent expense account Tem porary expense account Cash . . . . . $143,600 550 119 851 00 00 78 82 Dues capital . . Profits capital . .' Guaranty fund . . Surplus . . . Interest . . . Fines . . . Withdrawal profits Security committee . . . . . . . . . . $126,958 16,656 271 587 630 13 2 2 $145,121 60 $145,121 60 Membership. Shares. Issued during year W ithdrawn during year Shares now pledged Shares in force 00 69 00 45 30 76 40 00 . . 1,380 532 776 3,758 A dded during year W ithdrawn during year Members . Borrowers . . . . . . 147 50 438 65 Profits Distributed. U nm atured S h ar e s . First term, 1\ i % \ second term, 134%! third term, 134 % ; fourth term, 1J4%. Proportion of profits retained on voluntary withdrawals, the January and July dividends if shares are withdrawn after these dividends are declared and before the April and October bank days, other wise, none. Rates and Averages on Loans. 6 5 re a l estate lo a n s (average, 12,209.22 each; average rate, 5.62%); 534%, $107,500; 6%, $36,100. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $500.00 3 .4 5 Other Expenses. $486.24 3 .35 Total. $986.24 6.80 BANK COMMISSIONER, No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital . . . . Real estate loans repaid . . Interest . . . . . F i n e s .......................................... Withdrawal profits . . . Security committee . . . Cash on hand October, 1915 . Value Shares Date of Issue. Series. per Share. in Force. Total Value. $28,185 60 April 1909 256 1 $110 10 3,067 33 29 2 105 77 July 1909 8,120 00 80 Oct. 1909 3 101 50 7,587 84 Jan. 1910 78 4 97 28 3,445 07 April 1910 37 5 93 11 4,627 48 52 July 1910 88 99 6 49 4,161 57 Oct. 1910 7 84 93 52 2,103 92 Jan. 1911 8 80 92 26 107 8,233 65 April 1911 9 76 95 3,140 72 43 July 1911 10 73 04 1,245 06 18 11 69 17 Oct. 1911 00 119 7,777 84 Jan. 1912 12 65 36 46 2,771 10 45 13 61 58 00 April 1912 8,561 80 148 July 1912 14 57 85 24 145 7,854 65 15 Oct. 1912 54 17 82 3,537 80 Jan. 1913 70 16 50 54 62 2,910 90 17 46 95 52 April 1913 1,171 80 27 July 1913 18 43 40 122 4,866 58 19 39 89 Oct. 1913 5,463 00 Jan. 1914 150 20 36 42 4,653 00 April 1914 21 33 00 141 2,547 32 22 86 July 1914 29 62 2,759 40 105 23 Oct. 1914 26 28 1,470 72 64 Jan. 1915 24 22 98 2,918 56 April 1915 25 19 72 148 1,221 00 74 July 1915 26 16 50 2,677 32 27 13 32 201 Oct. 1915 3,491 74 Jan. 1916 28 343 10 18 259 1,833 72 29 April 1916 7 08 1,447 20 360 30 4 02 July 1916 314 00 314 31 1 00 Oct. 1916 $40,084 00 12,100 00 7,260 44 221 72 39 29 45 00 3,263 07 $63,013 D isbu rsem ents . Dues capital withdrawn Profits capital withdrawn Real estate loans Tem porary expense Cash on hand October, 1916 131 $13,829 1,346 46,000 986 851 $63,013 Dues paid in advance . 219 00 $144,386 69 Dues capital Profits capital Unpaid dues . $126,958 00 16,656 69 772 00 $144,386 69 D ates of E xam in a tio n and A u d it , November 23, 24. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 132 REPO RT OF THE [Pub. DoC' LOWELL CO-OPERATIVE BANK, LOWELL. 53 CENTRAL STREET. Incorporated April 29, 1885. A rtemas B. W oodw orth, Began business M ay 14, 1885. President. W il l ia m D . B r o w n , Treasurer. Board o f Directors: S. W . A b b o t t , F . E. A p p l e t o n , E. S. B i c k f o r d , H. L. B is h o p , F. E. B r a m h a l l , W . D. B r o w n , B . W . C l e m e n t s , A d a m C o c h r a n e , S o u t h w e l l F a r r i n g t o n , O . H. P . G r e e n , J o h n K e r r , W . H . P e n n , W . F . S a n b o r n , C . L. S m i t h , A . A . S t e w a r t , G . H. T a y l o r , A . B . W oodw orth. Security Com m ittee: G. H . T a y l o r , W . F. S a n b o r n , W . H . P e n n . Regular meetings for receipt of moneys the first Friday after the tenth of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Cash Liabilities. $1,323,130 41,010 2,905 416 52,553 00 00 77 73 31 Dues capital. . . . $1,176,087 Profits capital . . . . 199,479 78 matured shares represented b y certificates . . . . 15,600 Guaranty fund . . . . 12,559 S u r p l u s .......................................... 15,994 Dividend on matured share certifi cates . . . . . 00 30 31 295 98 $1,420,015 81 $1,420,015 81 Shares. Issued during year Withdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force 00 22 Membership. . . 5,986 3,165 24 305 . 8,107 . 24,940 ificates 78 Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . 724 461 3,528 890 Profits Distributed. U nm atured S h ar e s . First term, 2 }^ % ; second term, 2 %%. M atu red Sh are C e rtificates . First term, 2 % ; second term, 2% . Proportion of profits retained on voluntary withdrawals, 25% for four years, 10% thereafter. Rates and Averages on Loans. 73 8 real estate loans (average, $1,792.86 each; average rate, 5 % ): 5% , $1,315,780; 5M %> $1,800; 5 } 4 % , 1 5 2 share loans (average, $269.80 each; average rate, 5 .0 2 % ): 5% , $39,265; 5 M % . $745; 5 1 4 % , $875; 5 M % , $75; 6 M % . $50. Total Expenses for Year. Amount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $3,792.47 .......................................... 2 .67 Other Expenses. $1,064.32 .75 Total. $4,856.79 3.42 No. 8.] 133 BANK COMMISSIONER. Reconciliation of Share Account with Dues and Profits Capita] Receipts and Disbursements. Receipts. Dues capital . . . . Real estate loans eliminated by foreclosure . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Real estate by foreclosure Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Temporary expense Matured share certificate account Surplus . . . . . Cash on hand October, 1915 $300,347 00 3,000 00 12,930 165,545 19,085 2,220 66,722 1,790 14 1,874 9 334 8,400 120 27,424 00 00 00 01 35 59 50 18 07 56 00 80 67 $609,817 73 D isbursements. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Real estate by foreclosure Interest . . . . . Temporary expense Matured share certificate account . Guaranty fund . . . . Dividend on matured share certificates . . . . . Cash on hand October, 1916 $115,912 550 45,340 16,424 82 15,162 329,300 24,590 2,487 860 5,191 1,000 120 00 00 00 97 00 25 00 00 62 78 35 00 80 Date of Issue. Series. Nov. May Nov. May Nov. May Nov. May Nov. May Nov. May Nov. May Nov. May Nov. May Nov. May Nov. May Nov. May 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 40 $193 91 41 183 50 42 173 31 43 163 37 44 153 60 45 144 09 46 134 79 47 125 72 48 116 85 49 108 20 50 99 73 51 91 48 52 83 40 53 75 52 54 67 82 55 60 30 56 52 96 57 45 78 58 38 77 59 31 92 60 25 23 61 18 69 62 12 31 63 6 08 inSForce TotaI VaIue‘ 234 $45,374 94 60,738 50 331 293 50,779 83 277 45,253 49 439 67,430 40 344 49,566 96 502 67,664 58 396 49,785 12 400 46,740 00 744 80,500 80 791 78,886 43 771 70,531 08 764 63,717 60 61,171 20 810 914 61,987 48 1,189 71,696 70 1,572 83,253 12 1,405 64,320 90 2,025 78,509 25 1,852 59,115 84 41,528 58 1,646 1,857 34,707 33 2,419 29,777 89 2,965 18,027 20 Dues paid in advance . 791 00 $1,381,856 22 Dues capital Profits capital Unpaid dues $1,176,087 00 199,479 22 6,290 00 $1,381,856 22 242 65 52,553 31 $609,817 73 D ates of E xamination and A udit, September 20-30 inclusive. ♦ LYNN CO-OPERATIVE BANK, LYNN. 23 CENTRAL AVENUE. Incorporated November 18, 1891. F rank Began business November 23, 1891. Charles B. Bethune, Treasurer. E. W ells, President. Board o f D irectors: C. B. Bethune, D. J o h n s o n , H. L. N i l e s , I. W. P e r k i n s , G. E. P o w e r s , R. W. Putnam, F. C. Reed, W. T. R eed, J. H. Sutherland, F. A. T rafton, F. E. W ells. Security Comm ittee: H. L. N i l e s , F. C. Reed, F. E. W ells. Regular meetings for receipt of moneys the first Monday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . . . . Real estate by foreclosure, etc. Unpaid interest . . . . Unpaid fines . . . . Permanent expense account Cash . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $785,080 30,330 4,821 2,398 1 300 72,979 00 00 68 49 86 00 87 $895,911 90 Liabilities. Dues capital Profits capital 159 matured shares represented by certificates Guaranty fund . Surplus Forfeited share account Personal accounts Dividend on matured share certificates $720,096 00 127,619 72 31,800 8,508 6,981 368 00 36 10 01 21 538 50 $895,911 90 134 [Pub. Doc, REPO RT OF THE Membership. Shares. Issued during year . . . . 5,101 W ithdrawn during year . . . 3,808 Forfeited during year . . . . 39 M atured during year . . . . 227 Shares now pledged . . . . 5,524 Shares in force . . . . . 16,268 M atured shares represented b y certificates 159 A dded during year W ithdrawn during year Members . . . Borrowers . . . 407 288 . . . . . 1,661 514 Profits Distributed. U n m atured Sh ar es. First term, 2J^%; second term, 2J^%. M atured S h a r e C e r t if ic a t e s . First term, 1 ) 4 % ; second term, 234%. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 4 3 9 real estate loans (average, $1,788.35 2 1 1 share loans (average, $143.75 each; each; average rate, 5.49% ): 5%, $1,300; 5}4Vc> $783,780. average rate, 5 ) 4 % ) - 5^2%, $30,330. Total Expenses for Year. Salaries. .......................................... $2,269.26 .......................................... 2 .5 3 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Other Expenses. $2,193.65 2 .45 Total. $4,462.91 4 .9 8 Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . $195,741 00 Dues capital . . Real estate loans eliminated b y foreclosure . . . . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . Fines . . . . . Transfer fees . . . . Forfeited profits . . . . Forfeited share account Matured share certificate account . Personal accounts Surplus . . . . . Cash on hand October, 1915 6,800 198,051 25,250 4,738 46,547 935 11 119 314 34,000 34 4 34,192 00 75 00 43 58 84 50 76 76 00 38 00 72 $546,741 72 D is b u r s e m e n t s . $109,529 443 33,142 14,386 83 11,962 265,606 23,370 7,411 389 4,462 10 2,200 34 593 Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Real estate by foreclosure Interest . Tem porary expense Forfeited share account Matured share certificate account . Personal accounts Surplus . . . . Dividend on matured share certifi cates . . . . . Cash on hand October, 1916 00 00 00 57 03 04 75 00 33 76 91 05 00 25 16 Date of Issue. Series. pJr^ uheare_ Nov. M ay N ov. M ay Nov. M ay N ov. M ay N ov. M ay N ov. M ay Nov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and u d it , Total Value. 160 129 215 156 299 318 342 256 212 292 392 434 499 562 775 632 875 824 979 936 1,310 1,387 2,019 2,265 $31,472 23,992 37,736 25,788 46,449 46,316 46,563 32,481 24,988 31,848 39,388 39,980 41,876 42,683 52,831 38,286 46,523 37,854 38,073 29,961 33,129 25,978 24,894 13,793 00 71 80 36 65 70 30 28 44 44 16 08 08 90 75 56 75 56 31 36 90 51 27 85 467 00 $853,360 72 Dues capital Profits capital Unpaid dues 138 00 72,979 87 A 70 99 52 31 35 65 15 88 87 07 48 12 92 95 17 58 17 94 89 01 29 73 33 09 Dues paid in advance . $546,741 72 D $196 185 175 165 155 145 136 126 117 109 100 92 83 75 68 60 53 45 38 32 25 18 12 6 September 13-20 inclusive. . $720,096 00 127,619 72 5,645 00 $853,360 72 No. 8.] BANK COMMISSIONER. 135 MALDEN CO-OPERATIVE BANK, MALDEN. 48 PLEASANT STREET. Incorporated April 27, 18S7. Lïm an Began business M ay 9, 1887. II. R ic h a r d s , P r e sid e n t. J o h n M . C o r b e t t , T r e a su r e r . B o a r d o f D ir e c t o r s : H . H . B a r r e t t , W . M . C a r r , M . S. C o g g a n , W . H . C o n v e r s e , J. M . C o r b e t t , A l e x a n d e r G r a n t , G. H . H a r t l e y , W . D . H a w l e y , G. A . H e n n e b e r r y , L l o y d M a k e p e a c e , C . D . M c C a r t h y , W i l l i a m N i e d n e r , L . W . P i l l s b u r y , L. II. R ic h a r d s , J. B. R o b b i n s , C o n r a d Sa w y e r , E . S . St a c k p o l e , E . B . St il e s . S e c u r it y C om m itte e : A l e x a n d e r G r a n t , E . B . S t i l e s , C o n r a d S a w y e r . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916 Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Tem porary expense account Insurance and taxes paid Cash . . . . . $1,225,515 52,860 15,100 512 2,657 87 36,913 00 00 00 41 69 27 56 $1,333,645 93 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . . Interest . . . Fines . . . Transfer fees . . Withdrawal profits Retired share account . . . . . . . $1,104,610 176,635 11,550 9,550 29,464 898 8 682 244 00 55 87 99 29 44 75 29 75 $1,333,645 93 t Shares. Issued during year W ithdrawn during year Forfeited during year Retired during year Matured during year Shares now pledged Shares in force . . . . . . . Membership. . . 4,169 2,438 33 80 591 . 7,500 . 21,575 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . 413 299 2,581 833 Profits Distributed. U nm atured Sh ar es. First term, 2)4%; second term, 2)4%. Proportion of profits retained on voluntary withdrawals, 20% on series less than 7 years old; 10% thereafter. Rates and Averages on Loans. 8 4 0 re a l estate lo a n s (average, $1,458.94 each; average rate, 5.16%): 5%, $643,090; 534%, $435,775; 534%. $105,425; 5 % % , $21,100; 6%, $14,825; 6M % . $4,400; 634%, $300; 6M % , $600. 8 4 5 sh a re lo a n s (average, $153.22 each; average rate, 5.32%): 5%, $13,065; 5)4%, $22,300; 5)4%, $12,580; 5M % , $845; 6%, $2,890; 6M % , $350; 6 % % , $300; 7%, $530. Total Expenses for Year. Salaries. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $3,675.97 2 .76 Other Expenses. $1,521.46 1.14 Total. $5,197.43 3.90 136 REPO RT OF TH E Receipts and Disbursements. [Pub. Doc. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . Beal estate loans eliminated by maturity of shares _. Real estate loans repaid Share loans repaid Real estate b y foreclosure . Interest . . . . Fines . . . . Transfer fees Withdrawal profits Profits capital Tem porary expense Forfeited share account Insurance and taxes Surplus . . . . Guaranty fund . Cash on hand October, 1915 $260,955 00 Date of Issue. Series. 00 00 00 00 22 76 25 52 72 35 05 07 20 2 39 36,993 41 22,600 102,300 29,848 802 66,631 2,214 16 1,389 2,803 9 721 184 N ov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay N ov. M ay N ov. M ay $527,470 94 D is b u r se m e n t s. $87,487 744 11,046 86,907 11,598 93 3,743 31,682 221,775 26,485 2 1,516 5,206 675 00 00 00 00 16 14 20 26 00 00 14 53 78 59 64 231 68 1,362 36 90 36,913 56 Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Fines . . . . Interest . . . . Tem porary expense . ' Forfeited share account Withdrawal profits Insurance and taxes Surplus . . . . Guaranty fund . Cash on hand October, 1916 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 36 37 3S 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 Value per Share. $190 79 180 58 170 55 160 78 151 20 141 83 132 67 123 69 114 98 106 42 98 05 89 90 81 94 74 17 66 58 59 15 51 93 44 88 38 00 31 28 24 73 18 33 12 09 6 00 _ Shares in Force. Total Value. 293 $55,901 47 252 45,496 16 393 67,026 15 427 68,653 06 423 63,957 60 491 69,638 53 500 66,335 00 432 53,444 08 472 54,270 56 532 56,615 44 500 49,025 00 615 55,288 50 822 67,354 68 738 54,737 46 1,000 66,580 00 1,099 65,005 85 1,041 54,059 13 1,462 65,614 56 1,471 55,898 00 1,624 50,798 72 1,566 38,727 18 1,564 28,668 12 1,870 22,608 30 1,988 11,928 00 Dues paid in advance . 805 00 $1,238,436 55 Dues capital Profits capital Unpaid dues . $1,104,610 00 176,635 55 7,191 00 $1,288,436 55 $527,470 94 D ates E x a m in a t io n of and A u d it , January 20-31 inclusive. MANSFIELD CO-OPERATIVE BANK, MANSFIELD. 106 NORTH MAIN STREET. Incorporated M arch 10, 1883. W il l ia m C. W in t e r , B o a r d o f D ir e c t o r s : W . A u s t in M a s o n , W W il l ia m W h it e , S e c u r it y C om m itte e : Began business M arch 21, 1883. H P r e sid e n t. erbert E . K i n g , T r e a su r e r . H . A m e s , G. H. B r a g g , C. N. C r a n e , T . J. F o x , H . E. K i n g , S. C. L o v e l l , i l l i a m O l l if f , D . C. R i c h a r d s o n , A. E. S h ie l d s , J o h n S o m e r s , J. A. W h e e l e r , J. J. W i l s o n , W . L. W i n t e r . S. C. L o v e l l , J. A . W heeler, C. N . C r a n e . Regular meetings for receipt of moneys the third W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . U npaid premiums Unpaid fines Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $472,350 16,270 3,276 2,194 44 111 14,329 00 00 30 00 29 04 05 $508,574 68 Dues capital . . . . Profits capital . . . . 103 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . Forfeited share account Personal accounts $388,228 00 89,464 17 20,600 5,789 3,940 374 177 00 65 69 96 21 $508,574 68 No. 8. BANK COMMISSIONER. 137 Membership. Shares. Issued during year . . . . Withdrawn during year . . . Forfeited during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 1,661 979 47 255 2,887 7,583 103 Added during year Withdrawn during year Members . . . Borrowers . . . . . 174 139 921 376 . . Profits Distributed. U nm atubed Sh ares. First term, 3% ; second term, 3%. M atured Sh are C e r t if ic a t e s . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 25% on series not over 4 years old; 10% on series from 4 to 7 years old: after 7 years, none. Rates and Averages on Loans. 3 1 9 re a l estate lo a n s (average, $1,480.72 each; average rate, 6.12%): 6.12%, $472,350. 5 7 sh a re lo a n s (average, $285.44 each; average rate, 6.48% ): 6.48%, $16,270. Total Expenses for Year. Salaries. $1,525.00 3 .00 Amount paid for . Cost per $1,000 of assets R e c e ip t s . by $90,226 00 11,500 00 Real estate b y foreclosure 6,300 92,150 17,090 8,550 28,978 632 420 Matured share certificate account . 286 11 374 226 13,400 69 8 50 12,085 4 00 00 00 00 03 76 69 50 16 90 96 65 00 51 88 74 90 $282,366 68 — D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Share loans Real estate b y foreclosure . Interest . . . . Temporary expense Insurance and taxes Matured share certificate account . Personal accounts Surplus . . . . Cash on hand October, 1916 $35,935 1,127 35,955 6,600 182 14,614 137,400 17,640 11,826 1,070 1,985 793 2,800 77 29 14,329 00 00 00 78 64 00 00 00 30 64 24 65 00 57 81 05 Date of Issue. Series. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d i t , March 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 Value $195 184 173 162 151 141 131 122 112 103 94 86 77 69 61 54 46 39 32 25 18 12 6 Shares 133 131 185 132 258 185 207 137 240 153 272 272 362 394 255 294 457 327 443 474 705 648 919 78 21 43 90 68 77 16 81 71 83 22 S5 74 81 12 66 42 37 54 87 39 10 Total Value. $26,038 24,141 32,043 21,440 39,190 26,210 27,276 16,735 27,074 15,867 25,793 23,451 28,181 27,477 15,761 15,911 21,323 12,890 14,339 12,105 13,303 8,028 5,605 74 99 85 76 20 80 39 92 40 63 76 84 70 56 55 28 62 34 91 96 35 72 90 217 00 Dues paid in advance . $480,413 17 $388,228 00 89,464 17 2,721 00 Dues capital Profits capital Unpaid dues $480,413 17 . $282,366 68 D a t e s o f E x a m in a t io n Total. $1,985.24 3 .9 0 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital Real estate loans eliminated b y Other Expenses. $460.24 .90 6 -9 inclusive. [Pub. Doc. REPORT OF THE 138 MARBLEHEAD CO-OPERATIVE BANK, MARBLEHEAD. TOWN HALL AND 70 PLEASANT STREET. Incorporated M ay 5, 1886. Began business M ay 6, 1886. J ohn L a n c t , P r e s id e n t . B enjamin C ole , T r e a su r e r . G. N. D e n n is , W . T. H a r r is , J. B. H ooper , John L a n c t , J. L. L itchman , J. A. M a r t in , F r an k M il le tt , H. C. M il le tt , J. D . P a in e , L. S. R am sdell , J. B. St e v e n s , T homas Sw a s e y , R ichard T u t t , E lias W h it e , Jr. B o a r d o f D ir e c t o r s : B enjamin C o le , S e c u r it y C om m itte e : J ohn L a n c t , F r an k M il le tt , L. S. R am sdell . Regular meetings for receipt of moneys the first Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. $37,494 196,050 1,690 473 65 147 7,781 Bonds and notes .* Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Insurance and taxes paid Cash 06 00 00 75 62 25 04 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account M atured share account $192,970 38,467 3,356 8,785 91 31 $243,701 72 Shares. Issued during year . W ithdrawn during year Forfeited during year . Retired during year . Matured during year . Shares now pledged . Shares in force . . . . . . . . . . . . . . . . . . . . . . . 868 355 4 145 4 1,051 3,691 00 68 08 20 43 33 $243,701 72 M e m b e rs h ip . A dded during year W ithdrawn during year Members . . . . . Borrowers . . . . . 93 48 664 152 Profits Distributed. U nm atured S h ares . First term, 2 % % \ second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 8 years old; 10% on series from 8 to 10 years old; after ,10 years, none. Rates and Averages on Loans. 1 4 8 re a l estate lo a n s (average, $1,370.10 each; average rate, 6% ); 6%, 1 3 sh a re lo a n s (average, $130 each; average rate, 6% ): 6%, $1,690. $196,050. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $978.50 4.01 Other Expenses. Total. $187.09 $1,165.59 .77 4.78 No. 8.] 139 BANK COMMISSIONER, Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e ceipts . Value Shares Date of Issue. Series. per Share. Total Value. in Force. N ov. 1904 38 $196 97 49 $9,651 53 M ay 1905 39 62 11,546 26 186 23 11,951 00 N ov. 1905 175 75 68 40 165 52 96 15,889 92 M ay 1906 41 Nov. 1906 42 155 54 100 15,554 00 M ay 1907 43 145 81 101 14,726 81 Nov. 1907 12,813 14 44 136 31 94 M ay 1908 45 127 04 74 9,400 96 S,968 00 Nov. 1908 46 118 00 76 109 18 89 9,717 02 M ay 1909 47 Nov. 1909 48 100 57 113 11,364 41 49 92 17 60 5,530 20 M ay 1910 Nov. 1910 83 98 87 7,306 26 50 M ay 1911 51 75 99 128 9,726 72 N ov. 1911 52 134 9,138 80 68 20 M ay 1912 53 60 60 228 13,816 80 N ov. 1912 54 53 18 238 12,656 .84 M ay 1913 55 45 94 258 11,852 52 9,059 04 Nov. 1913 56 38 88 233 M ay 1914 57 31 99 156 4,990 44 N ov. 1914 58 25 27 180 4,548 60 59 4,380 48 M ay 1915 18 72 234 12 33 5,289 57 N ov. 1915 60 429 404 M ay 1916 61 6 09 2,460 36 Dues capital Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Bonds and notes Interest . . . . Fines . . . . Transfer fees W ithdrawal profits Forfeited profits . Forfeited share account Bills payable Tax account Cash on hand October, 1915 $44,474 00 800 9,800 330 25,984 13,268 302 1 355 3 96 1,500 106 3,341 00 00 00 69 53 09 00 00 00 32 00 85 23 $100,362 71 D isbu rsem ents . $17,364 88 20,616 588 3,152 12 7,498 211 33,850 300 6,081 36 1,165 24 1,500 92 7,781 Dues capital withdrawn. Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Bonds and notes Interest . . . . Tem porary expense Forfeited share account Bills payable Tax account Cash on hand October, 1916 00 00 00 00 05 97 65 88 00 00 59 94 59 00 00 00 04 $232,339 68 Dues capital Profits capital Unpaid dues $192,970 00 38,467 68 902 00 $232,339 68 $100,362 71 D ates of E xam in a tio n and A u d it , November 15-20 inclusive. MARLBOROUGH CO-OPERATIVE BANK, MARLBOROUGH. 207 MAIN STREET. Incorporated April 16, 1890. A rthur C. L amson , P r e sid e n t . Began business M ay 1, 1890. C laude E. W illiam s , T r e a su r e r . E . E. A lle n , E. O. B righam , M . J. B u c kle y , C. A . C ook , J. A . C urtis , W . S. F ie ld , W . H . H il l , O. E . H o w e , A . C. L a m son , H erm an L e m a y , J. F. J. O tterson , F. W . P r a t t , G. A. St ac y , J. E. W a rr e n , S. P. W illa r d , C. E . W illiam s , T . F. W illiam s , S. P . W ood . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : W . H . H il l , J. F. J. O tterson , J. E . W a r r e n , M . J. B u c k l e y . Regular meetings for receipt of moneys the second Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Permanent expense account Tem porary expense account Personal accounts Insurance and taxes paid Cash . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. . $530,550 17,200 1,747 241 1,855 1,144 21 940 11,376 00 00 26 26 45 90 95 60 34 $565,077 76 Dues capital . . . . Profits capital . . . . 274 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . Fines . . . . . Transfer fees . . . . W ithdrawal profits Forfeiture profits Forfeited share account Security committee $414,378 00 62,938 69 54,800 7,415 10,401 14,043 551 6 490 31 7 13 00 57 06 73 37 75 85 74 00 00 $565,077 76 REPO RT OF TH E 140 [Pub. Doc. Shares. Membership. Issued during year . . . . W ithdrawn during year . . . Forfeited during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 1,793 865 40 146 3,413 8,633 274 A dded during year Withdrawn during year Members . . . Borrowers . . . 187 146 1,224 502 . . Profits Distributed. U nm atured S h ar e s . First term, 2J^%; second term, 2Y s % . M atured S hare C e rtificates . First term, 2J^%; second term, 2 } 4 % . Proportion of profits retained on voluntary withdrawals, 20% on series less than 5 years old; after 5 years last dividend is retained. Rates and Averages on Loans. 4 8 3 re a l estate lo a n s (average, $1,098.45 each; average rate, 5.27% ): 5%, $242,900; 5J^%, $287,650. 1 7 8 sh a re lo a n s (average, $96.63 each; average rate, 5.45% ); 5%, $1,640; 5J^%, $15,560. Total Expenses for Year. Salaries. $900.00 1.59 Amount paid for . Cost per $1,000 of assets Other Expenses. Total. $1,595.49 $2,495.49 2 .8 2 4 .41 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R ece ip ts . Shares Date of Issue. Series. Value per Share. in Force. Total Value. N ov. 1904 30 $189 69 147 $27,884 43 M ay 1905 31 179 57 179 32,143 03 N ov. 1905 32 169 69 64 10,860 16 M ay 1906 33 160 00 133 21,280 00 N ov. 1906 34 150 52 60 9,031 20 M ay 1907 35 141 27 107 15,115 89 N ov. 1907 132 22 36 112 14,808 64 M ay 1908 37 123 36 96 11,842 56 N ov. 1908 38 114 69 378 43,352 82 39 M ay 1909 106 24 275 29,216 00 N ov. 1909 40 97 97 165 16,165 05 M ay 1910 41 89 86 253 22,734 58 N ov. 1910 42 81 93 206 16,877 58 M ay 1911 43 74 17 185 13,721 45 N ov. 1911 44 66 60 400 26,640 00 M ay 1912 45 59 21 659 39,019 39 N ov. 1912 46 51 99 545 28,334 55 M ay 1913 47 44 93 253 11,367 29 N ov. 1913 48 38 04 656 24,954 24 M ay 1914 49 31 31 550 17,220 50 N ov. 1914 50 24 74 774 19,148 76 M ay 1915 51 18 34 734 13,461 56 N ov. 1915 52 12 09 789 9,539 01 M ay 1916 53 6 00 913 5,478 00 Dues capital . . . . Real estate loans eliminated b y m aturity of shares Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Tem porary expense Forfeited share account Matured share certificate account . Surplus . . . . . Agreements . . . . Security committee Cash on hand October, 1915 $102,446 00 3,400 50,500 8,240 27,587 1,142 10 938 31 20 554 25,000 37 1 13 236 00 00 00 32 78 00 23 74 00 29 00 58 00 00 06 $220,158 00 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Tem porary expense Permanent expense Forfeited share account M atured share certificate account . Taxes and insurance Cash on hand October, 1916 $39,959 1,088 20,593 6,319 177 7,263 111,150 11,720 1,459 2,165 1,855 554 3,800 676 11,376 00 00 00 49 15 95 00 00 12 49 45 29 00 72 34 Dues paid in advance . Dues capital Profits capital Unpaid dues $220,158 00 D ates of E xam in a tio n and A u d it , June 13-20 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 378 00 $480,574 69 . $414,378 00 62,938 69 3,258 00 $480,574 69 BANK COMMISSIONER. No. 8.] 141 MARTHA’S VINEYARD CO-OPERATIVE BANK, TISBURY. MAIN STREET. Incorporated April 22, 1909. Began business M ay 14, 1909. H e n r y L. P e a k e s , P r e s id e n t . L. E rnest B riggs , T r e a su r e r . E. D . B odfish , L. E . B riggs , B. C. C rom w ell , A . O. F ischer , S. C. L uce , Jr., W. G . M a n t e r , O. S. M a t h e w , U . E . M a t h e w , H . L . P e a k e s , W . H. R e n e a r , W . A . R obinson , G . L. S m ith . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : W . G . M a n t e r , U . E . M a t h e w , W . H . R e n e a r . Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Cash . . . . Liabilities. $82,875 650 1,042 2,335 00 00 81 86 Dues capital Profits capital Guaranty fund Surplus . . . . . . . . . . . .' $74,229 11,739 580 354 . . . . $86,903 67 $86,903 67 Shares. Issued during year Withdrawn during year Shares now pledged Shares in force 00 54 75 38 Membership. . 430 148 471 1,712 A dded during year W ithdrawn during year Members . . Borrowers . . . . . 57 30 242 73 Profits Distributed. U nm atured S h ar es . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 6 5 r e a l estate lo a n s (average, $1,275 each; average rate 6.03% ); 6%, $79,575; Q }4 ,% , $500 ; 6H % , $200> 7%, $2,600. (average, $81.25 each; average rate, 6% ); 6%, $650. 8 sh a re lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . Salaries. $250.00 2 .8 8 Other Expenses. $130.58 1.50 Total. $380.58 4 .3 8 REPO RT OF THE 142 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans repaid . . Share loans repaid . . . Uncompleted mortgage loans . I n t e r e s t .......................................... F i n e s .......................................... Transfer fees . . . . Profits capital . . . . Cash on hand October, 1915 . $19,673 00 7,560 00 1,160 00 2,000 00 4,430 09 102 09 25 50 66 3,493 13 $38,469 22 D isbu rsem ents . Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans Uncompleted mortgage loans Fines . . . . Real estate b y foreclosure Interest . . . . Tem porary expense Surplus . . . . Cash on hand October, 1916 $6,502 917 23,800 830 2,500 1,042 10 380 149 2,335 [Pub. Doc, 00 75 00 00 00 48 81 00 58 74 86 $38,469 22 _ Shares Date of Issue. Series. Value per Share. in Force. Total Value. M ay 1909 1 $110 07 271 $29,828 97 N ov. 1909 2 101 36 40 4,054 40 M ay 1910 3 92 93 107 9,943 51 N ov. 1910 4 84 67 46 3,894 82 M ay 1911 5 76 60 63 4,825 80 N ov. 1911 6 68 72 57 3,917 04 M ay 1912 7 61 04 70 4,272 80 N ov. 1912 8 53 53 85 4,550 05 M ay 1913 9 46 21 114 5,267 94 N ov. 1913 10 39 07 99 3,867 93 M ay 1914 11 32 10 110 3,531 00 N ov. 1914 12 25 32 74 1,873 68 M ay 1915 13 18 73 146 2,734 58 N ov. 1915 14 12 33 168 2,071 44 M ay 1916 15 6 09 262 1,595 58 Suspense dues Dues paid in advance . 107 00 115 00 $36,451 54 Dues capital Profits capital Unpaid dues $74,229 00 11,739 54 483 00 $86,451 54 D ates oe E xam in a tio n and A ud it , September 20-26 inclusive. MASSACHUSETTS CO-OPERATIVE BANK, BOSTON. 1468 DORCHESTER AVENUE (DORCHESTER DISTRICT). Incorporated M ay 19, 1908. J oseph R . C hurchill , P r e sid e n t . B o a r d o f D ir e c t o r s : Began business M ay 28, 1908. A n sl ey M . Johnson , T r e a s u r e r . W . M . B rum m ett , J. H. C a s e y , J. R . C hurchill , G. O. G ou dey , L. J. H a yfor d , A . M Joh nson , B ernard K e l l e y , T homas L e a v it t , R oger M a n sfield , A l e x a n d e r M a so n , J. J. M oore , P atrick O ’H e a r n , R obert O linder , E. J. O w e n , J. R . P atterson , L. K . R o u r k e , J. J. S carry , A . W. T hompson , F. I. W il k in s . S e c u r it y C om m itte e : P atrick O ’H e a r n , W. M . B rumm ett , L. J. H a yfor d . Regular meetings for receipt of moneys the second Thursday of each month. STATEMENT OP CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Temporary expense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $299,434 10,578 219 3,081 65 00 90 27 $313,313 82 Dues capital Profits capital Guaranty fund . Surplus . . . . Interest Fines . . . . Transfer fees Withdrawal profits Forfeited share account Over and short account Security committee Suspense . . . . $269,828 35,846 2,360 2,140 2,848 60 69 104 25 25 5 00 69 09 77 17 31 75 41 00 07 00 56 $313,313 82 No. 8.] BANK COMMISSIONER. Shares. Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . 143 Membership. . . . . . . . . . 1,946 971 48 2,033 .7,111 . . . . . A dded during year Withdrawn during year Members . . . Borrowers . . . . . 187 113 795 158 . . Profits Distributed. U nm atuked Sh ak es . First term, 1M%; second term, 114%; ¡third term, 1M %; fourth term, V A % . Proportion of profits retained on voluntary withdrawals, 15% on series less than 6 years old; after 6 years, none. Rates and Averages on Loans. Ill re a l estate lo a n s 6%, $9,750. 4 7 sh a re lo a n s (average, $2,697.61 each; average rate, 5.51%); 5%, $4,000; 5 H % , $285,684.65; (average, $225.06 each; average rate, 6% ); 6%, $10,578. Total Expenses for Year. Salaries. $900.45 2 .8 7 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Other Expenses. Total. $386.81 $1,287.26 1.23 4 .1 0 Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Surplus . . . . Suspense account Over and short account Security committee Cash on hand October, 1915 $80,908 27,203 4,884 15,541 293 2 199 2 406 30 25 55 62 7,781 00 85 00 17 07 50 06 68 08 16 17 21 50 85 $137,395 30 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . Tem porary expense Forfeited share account Suspense account Over and short account Security committee Cash on hand October, 1916 . $22,949 583 2,059 77 99,193 7,735 1,157 471 5 30 52 3,081 00 00 03 78 50 00 76 13 19 14 50 27 $137,395 30 Date of Issue. Series. J a r e . June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Deo. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 $124 119 115 111 106 102 98 94 90 85 81 78 74 70 66 62 58 55 51 47 44 40 37 34 30 27 23 20 17 14 11 8 5 2 ^ 36 88 48 11 80 54 39 18 09 98 99 02 10 21 37 60 86 17 54 97 41 90 43 00 62 28 98 72 50 32 80 08 02 00 Total Value. 465 104 63 57 33 80 51 59 60 59 114 163 102 74 174 264 225 151 217 271 181 156 177 288 200 295 220 413 254 404 377 790 260 310 Suspense dues Suspense profits . Dues paid in advance . $57,827 12,467 7,275 6,333 3,524 8,203 5,017 5,556 5,405 5,072 9,346 12,717 7,558 5,195 11,548 16,526 13,243 8,330 11,184 12,999 8,038 6,380 6,625 9,792 6,124 8,047 5,275 8,557 4,445 5,785 4,214 6,383 1,305 620 40 52 24 27 40 20 89 62 40 82 86 26 20 54 38 40 50 67 18 87 21 40 11 00 00 60 60 36 00 28 86 20 20 00 3 00 15 25 422 00 $307,368 69 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $269,828 00 35,846 69 1,694 00 $307,368 69 D ates of E x a m in a tio n an d A u d it , January 10-12 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 144 REPO RT OE THE [Pub. Doc. MATTAPAN CO-OPERATIVE BANK, BOSTON. 1180 BLUB HILL AVENUE (DORCHESTER DISTRICT). Incorporated N ovember 14, 1910. Began business December 20, 1910. N . D. F r e e m a n , P r e s i d e n t . ' W il lia m R . L a n d e r s , T r e a s u r e r . O. B r o w n , W . H. C rosby , W . G . C r uck sh a n k , W alter C u r l e y , F. C. D a y , J. M . F l y n n , N. D . F r ee m an , D . T . E. G ould , M . E . K nopp , W . R . L anders , J. J. M cC a r t h y , H. H. R ic e , T . S. R ichardson , T . W . R oulston , F. N . R ussell , M . P. Sh a w , P. D . Sm ith , C. K. B o a r d o f D ir e c t o r s : F. T h urston . S e c u r it y C om m itte e : W . H . C rosby , H . H . R ic e , F. N. R ussell , W. R . L ander s , W . G. C r u ck sh a n k . Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Permanent expense account Temporary expense account Cash . . . . $115,450 10,664 443 118 15,491 00 00 48 37 86 Dues capital Profits capital Guaranty fund . Surplus Interest Fines ' . Transfer fees Forfeited share account $126,448 13,295 662 357 1,346 43 00 55 53 66 67 80 50 13 00 $142,167 71 $142,167 71 Shares. Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . Membership. . . . . . . . . . . . . . . . 1,496 832 5 1,180 4,350 A dded during year W ithdrawn during year Members . . . Borrowers . . . 123 86 510 84 . . Profits Distributed. U n m a tu r ed S h a r e s. First term, 1 % % ; second term, 1 ^ % ; third term, 1W 7 o \ fourth term, V A % . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 45 re a l estate lo a n s (average, $2,565.55 each; average rate, 5.80%); e>A>%, $45,050; 6%, $70,400. 3 9 sh a re lo a n s (average, $273.44 each; average rate, 6% ); 6%, $10,664. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $600.00 4.22 Other Expenses. $268.39 1.89 Total. $868.39 6.11 BAN K COMMISSIONER, No. 8.] 145 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e ceipts . Shares Value Date of Issue. Series. per Share. in Force. Total Value. $31,403 20 Dec. 1910 $82 64 380 1 7,234 88 92 Mar. 1911 2 78 64 79 5,900 51 June 1911 3 74 69 3,962 56 56 Sept. 1911 4 70 76 8,759 97 131 Dec. 1911 5 66 87 10,154 27 161 Mar. 1912 63 07 6 3,558 00 60 June 1912 7 59 30 5,388 35 97 55 55 Sept. 1912 8 7,266 00 140 Dec. 1912 9 51 90 4,633 92 96 Mar. 1913 48 27 10 5,540 32 11 124 June 1913 44 68 3,865 28 94 Sept. 1913 12 41 12 6,395 40 170 Dec. 1913 13 37 62 2,733 60 34 17 80 Mar. 1914 14 4,149 90 135 15 30 74 June 1914 1,396 89 51 16 27 39 Sept. 1914 3,103 74 129 Dec. 1914 17 24 06 9,471 12 Mar. 1915 456 18 20 77 259 4,540 27 19 17 53 June 1915 2,841 30 198 20 14 35 Sept. 1915 2,452 80 219 Dec. 1915 21 11 20 3,049 93 377 22 Mar. 1916 8 09 2,344 34 467 June 1916 23 5 02 598 00 299 2 00 Sept. 1916 24 Dues capital . . . . Real estate loans repaid . . Share loans repaid . . . Interest . . . . . . F i n e s .......................................... Transfer fees . . . . Withdrawal profits . . . Forfeited share account . . Cash on hand October, 1915 . $47,558 00 26,400 00 9,212 00 7,309 03 264 52 1 00 331 09 5 00 3,566 48 $94,647 12 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans . Share loans . . . Tem porary expense . Permanent expense . Cash on hand October, 1916 . . . . . . . . . . . . . . $22,444 5 2,350 2 44,000 9,392 810 150 15,491 00 00 76 65 00 00 85 00 86 $94,647 12 Dues paid in advance . 218 00 $140,962 55 $126,448 13,295 1,214 5 Dues capital Profits capital Unpaid dues Suspense profits . 00 55 00 00 $140,962 55 D a tes of E xam in a tio n and A ud it , January 13-15. inclusive. MECHANICS’ CO-OPERATIVE BANK, TAUNTON. 308 BAY STREET. ' Incorporated September 14, 1877. Began business September 17, 1877. H erbert O. W oo lley , P r e sid e n t . A rthur R . K n o x , T r e a s u r e r . F. W . B 6 y n t o n , H . H . C ul v er , N . A. C ush m an , P. F. F rancis ! A . H . K n o w l e s , A . R . K n o x , F. R . K n o x , W . A . M a nchester , G. H. M a r t in , W . M . M a so n , B . B . P ie r c e , W . A . R a y m e n t , L. J. S chmidt , J. S. W illia m s , H . O. W oolley . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : N . A . C u sh m an , F. R . K n o x , G. H . M a r t in . Regular meetings for receipt of moneys the first M onday after the fifteenth of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate $1,116,435 00 Less amount due 3,425 00 — $1,113,010 00 18,695 00 Loans on shares . 671 17 Real estate b y foreclosure, etc. 1,589 45 Unpaid interest . 256 43 Unpaid fines 292 72 Tem porary expense account 26 60 Over and short account 35,137 99 Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,169,679 36 Dues capital . . . . Profits capital . . . . 472 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . . Fines . . . . . Transfer fees . . . . Forfeited share account Personal accounts Overpayments $876,009 00 155,308 09 94,400 15,930 21,020 5,410 159 1 1,015 360 64 00 31 42 25 36 50 46 35 62 $1,169,679 36 146 REPO RT OF THE [Pub. Doc. Shares. Membership. Issued during year . . . . 6,895 W ithdrawn during year . . . 3,745 Forfeited during year . . . . 35 Matured during year . . . . 202 Shares now pledged . . . . 6,507 Shares in force . . . . . 20,682 Matured shares represented b y certificates 472 A dded during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 477 230 2,249 708 Profits Distributed. U nm atured Sh ar e s . First term, 2j4j%; second term, V / i % \ third term, 1 % % ; fourth term, 1M%. M atu red Sh are C e rtifica te s . First term, 2 } 4 %,; second term, 134%; third term, 1M%; fourth term, 134 %. Proportion of profits retained on voluntary withdrawals, none. Bates and Averages on Loans. 6 Z Z r e a l estate lo a n s (average, $1,789.40 8 8 sh a re lo a n s (average, $212.44 each; each; average rate, 5.30% ): 5%o%, $1,113,010. average rate, 5.30% ): 58Ao%, $18,695. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets . . . Keceipts and Disbursements. $233,907 00 6,600 00 8,200 205,740 17,887 34,575 7,750 58,979 1,739 14 1 1,400 8,932 31,600 181 627 237 60 15 27,455 00 00 00 00 49 67 64 00 50 49 02 00 35 20 39 00 98 32 $645,904 05 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Uncompleted mortgage loans Real estate b y foreclosure Interest Tem porary expense Forfeited share account Matured share account Matured share certificate account Overpayments Taxes and insurance Oyer and short account Dividend on matured share certif cates . . . . Cash on hand October, 1916 $115,182 1,525 29,492 14,465 311 10,706 358,'425 16,685 35,350 7,750 333 4,124 1,416 8,932 1,000 613 157 119 Salaries. $3,116.76 2 .6 6 00 00 00 19 40 72 00 00 00 49 85 30 47 02 00 69 21 17 Date of Issue. Series. Value per Share. Jan. 1905 47 $192 62 July 1905 48 181 99 Jan. 1906 49 171 63 July 1906 50 161 54 Jan. 1907 51 151 68 July 1907 52 142 06 Jan. 1908 53 132 68 July 1908 54 123 52 Jan. 1909 55 114 60 July 1909 56 105 88 Jan. 1910 57 97 39 July 1910 58 89 09 Jan. 1911 59 81 01 July 1911 60 73 11 Jan. 1912 61 65 41 July 1912 62 57 89 Jan. 1913 63 50 57 July 1913 64 43 42 Jan. 1914 65 36 44 July 1914 66 29 63 Jan. 1915 67 22 99 July 1915 68 16 51 Jan. 1916 69 10 19 April 1916 70 7 09 July 1916 71 4 03 Oct. 1916 72 1 00 of 1,313 00 $1,036,572 09 Dues capital Profits capital Unpaid dues 4,176 55 35,137 99 E x a m in a t io n an d A u d it , October 23-2 7 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $4,122.80 3 .52 _ Shares Total Value. in Force. 339 $65,298 18 90 16,379 10 95 16,304 85 326 52,662 04 442 67,042 56 368 52,278 08 378 50,153 04 435 53,731 20 358 41,026 80 683 72,316 04 512 49,863 68 546 48,643 14 664 53,790 64 526 38,455 86 742 48,534 22 666 38,554 74 984 49,760 88 887 38,513 54 1,174 42,780 56 1,091 32,326 33 2,004 46,071 96 1,382 22,816 82 1,999 20,369 81 1,260 8,933 40 1,954 7,874 62 777 777 00 Dues paid in advance . $645,904 05 D ates Other Expenses. $1,006.04 .86 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans eliminated b y foreclosure . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . . Fines . . . . . Transfer fees . . . . Tem porary expense Forfeited share account Matured share account Matured share certificate account . Personal accounts Overpayments . . . . Taxes and insurance Over and short account . . . . . Surplus Cash on hand October, 1915 . . . . . . . . . . . . . $876,009 00 155,308 09 5,255 00 $1,036,572 09 147 BANK COMMISSIONER. No. 8.] MEDFIELD CO-OPERATIVE BANK, MEDFIELD. CORNER MAIN AND NORTH STREETS. Incorporated December 29, 1905. Began business January 8, 1906. L. W . W h ee l er , T r e a s u r e r . E llery C . C rocker , P r e sid e n t . W . F. A b e l l , M . C . A dam s , J. L. A therton , E . M . B e n t , M . H. B lood , A . L. K . C o n an t , E . C. C rocker , J. A . F itts , E dw ard F r en ch , S. C . F r en ch , G. P. H ol L. H ow ar d , E . J. K e y o u , G. C. M itchell , E . F. R ichardson , H . H . T h or ne , L. W . B o a r d o f D ir e c t o r s : C l ar k , L. br o o k , H . W heeler. S e c u r it y C om m itte e : M . C . A dams , J. A . F itts , W . F. A be l l . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Permanent expense account Temporary expense account Cash . . . . Liabilities. . $240,950 12,245 1,679 150 327 742 00 00 60 00 62 93 $213,167 35,188 1,652 501 5,317 125 1 141 Dues capital . . . . Profits capital . . . . Guaranty fund . . . . Surplus . . . ■ . Interest . . . . . Fines . . . . . Transfer fees . . . . Forfeited share account $256,095 15 00 61 19 59 56 37 25 58 $256,095 15 Shares. Membership. Issued during year Withdrawn during year Shares now pledged Shares in force . . . 1,102 862 1,556 4,941 A dded during year W ithdrawn during year Members . . . Borrowers . . . 102 77 557 186 Profits Distributed. U nm atured Sh ar e s . First term, 2 f% ; second term, 2f% . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 1 S 8 re a l estate lo a n s (average, $1,746.01 4 8 s h a re lo a n s (average, $255.10 each; each; average rate, 6% ): 5J^%, $300; 6%, $240,650. average rate, 6% ): 6%, $12,245. Total Expenses for Year. Am ount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .......................................... .......................................... Salaries. $600.00 2 .34 Other Expenses. $682.64 2.67 Total. $1,282.64 5.01 148 REPO RT OF THE Receipts and Disbursements. [Pub. Doc Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans repaid Share loans repaid Real estate by foreclosure . . . . Interest Fines . . . . Transfer fees Profits capital Temporary expense Permanent expense Suspense account Surplus . . . . Cash on hand October, 1915 $57,914 40,900 6,675 2,205 14,280 316 5 10 50 40 136 20 820 00 00 00 03 92 14 50 20 00 00 78 40 86 $123,374 83 D isbu rsem ents . Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans Real estate by foreclosure Temporary expense . . Forfeited share account Suspense account Surplus . . . . Cash on hand October, 1916 $35,008 5,430 65,670 11,020 3,884 1,008 158 136 315 742 00 93 00 00 63 04 40 78 12 93 Date of Issue. Series. Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 Value Shares per Share. in Force. Total Value. $171 82 164 $28,178 48 9,215 19 161 67 57 151 92 124 18,838 08 142 26 7,966 56 56 13,548 66 132 83 102 9,152 32 74 123 68 114 71 41 4,703 11 105 94 86 9,110 84 10,813 62 97 42 111 13,094 76 89 08 147 13,356 75 80 95 165 12,413 40 73 02 170 12,988 73 65 27 199 8,715 72 57 72 151 14.708 04 292 50 37 43 21 224 9,679 04 36 23 406 14.709 38 29 43 11,477 70 390 22 81 12,750 79 559 6,908 14 16 37 422 493 4,979 30 10 10 4 00 2,032 00 508 Dues paid in advance . 403 00 $249,743 61 $123,374 83 Dues capital Profits capital Unpaid dues $213,167 00 35,188 61 1,388 00 $249,743 61 D ates of E x a m in a tio n and A u d it , September 18-21 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8. BANK COMMISSIONER, 149 MEDFORD CO-OPERATIVE BANK, MEDFORD. 25 HIGH STREET. Incorporated June 21, 1886. Began business July 7, 1886. E L e w i s H . L o v e r i n g , P r e sid e n t . l is h a G. P i e r c e , T r e a su r e r . B o a r d o f D ir e c t o r s : G. H . A r c h i b a l d , H . L . B u s s , W . F. C u s h in g , W . P . H a r t , W i l l i a m L e a v e n s , C . H . L o o m is , F. W . L o v e r i n g , L . H . L o v e r i n g , D . G. M e l v i l l e , J. J. M u l k e r i n , E . G. P i e r c e , J. F. R e a g a n , J. W . R o c k w e l l , C . S . T a y l o r , A . W . T e e l , J. R . T e e l , W . H. W a r r e n , N . E . W il b e r . S e c u r i t y C om m itte e : L. H . L o v e r i n g , W . F. C u s h in g , J. F. R e a g a n , W . P . H a r t , H . L. B u s s . Regular meetings for receipt of moneys tbe first W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate $1,301,600 00 4,924 02 Less amount due ------------- $1,296,675 98 68,030 00 Loans on shares . 3,342 26 Unpaid interest . 497 32 Unpaid fines 2 90 Personal accounts 214 43 Insurance and taxes paid . ' . 39 94 Revenue stamps 70,829 7 l Cash $1,119,280 00 Dues capital . . . . 220,576 03 Profits capital . . . . 354 matured shares represented b y 70,800 00 certificates . . . . 13,993 56 Guaranty fund . . . . 12,007 44 Sufplus . . . . . 535 51 Forfeited share account 808 00 Matured share account 126 00 Security committee Dividend on matured share certifi 1,506 00 cates . . . . . $1,439,632 54 $1,439,632 54 Membership. Shares. Issued during year . . . . 3,647 Withdrawn during year . . . 2,137 Forfeited during year . . . . 15 Matured during year . . . . 661 Shares now pledged . . . .7,517 Shares in force . . . . . 20,676 Matured shares represented by certificates 354 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 336 238 2,167 685 Profits Distributed. U n m a t u r e d Sh a r e s. First term, 2 ^ % ; second term, 2J^%. M atured S h a r e C e r t if ic a t e s . First term, 2 \ % \ second term, 2 \ % . Proportion of profits retained on voluntary withdrawals, 20%. Rates and Averages on Loans. (average, $2,327.96 each; average rate, 5.32%); 5%, $430,100; 5J£%, $75,700; 5J^%, $750,275.98; 5 % % , $28,800; 6%, $11,800. % 4 0 s h a re lo a n s (average, $283.46 each; average rate, 5.55%): 5%, $1,000; $4,550; 5J^%, $52,320; b % % , $100; 6%, $10,060. 5 6 7 r e a l estate lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $3,164.97 2 .2 0 Other Expenses. Total. $2,331.95 $5,496.92 1.62 3.82 REPO RT OF THE 150 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . Real estate loans eliminated b y foreclosure . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Revenue stamps Real estate by foreclosure Interest . . . . . Insurance and taxes Fines . . • Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Profits capital . . . . Forfeited share account Matured share account Matured share certificate account . Personal accounts Surplus . . . . . Security committee Cash on hand October, 1915 [Pub. Doc. $249,477 00 3,000 00 46,850 154,550 36,680 86,000 00 00 00 00 06 3,000 00 72,099 20 367 23 1,834 11 19 50 2,185 05 8 70 99 405 54 132,660 63 38,600 00 5,412 00 2 69 276 00 20,590 94 $854,019 64 Date of Issue. Series. Value , per Share. N ov. 1904 38 $197 77 M ay 1905 186 88 39 Nov. 1905 40 176 31 M ay 1906 41 166 03 Nov. 1906 42 155 95 M ay 1907 43 146 13 N ov. 1907 44 136 56 M ay 1908 45 127 20 N ov. 1908 46 118 09 M ay 1909 47 109 23 48 N ov. 1909 100 60 Ma y 1910 49 92 16 Nov. 1910 50 83 96 Ma y 1911 51 75 97 N ov. 1911 52 68 19 M ay 1912 53 60 61 54 N ov. 1912 53 20 55 45 96 M ay 1913 N ov. 1913 56 38 90 32 01 Ma y 1914 57 25 29 N ov. 1914 58 M ay 1915 59 18 73 60 12 33 N ov. 1915 61 6 09 M ay 1916 Dues paid in advance . D Shares in Force. Total Value 303 $59,924 31 327 61,109 76 373 65,763 63 435 72,223 05 375 58,481 25 500 73,065 00 400 54,624 00 647 82,298 40 588 69,436 92 524 57,236 52 676 68,005 60 757 69,765 12 628 52,726 88 1,000 75,970 00 913 62,257 47 1,022 61,943 42 1,046 55,647 20 1,215 55,841 40 1,223 47,574 70 1,474 47,182 74 1,447 36,594 63 1,441 26,989 93 1,598 19,703 34 1,764 10,742 76 1,318 00 is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Real estate expense Insurance and taxes Real estate b y foreclosure Interest . . . . . Temporary expense Permanent expense Forfeited share account M atured share account Matured share certificate account . Personal accounts Revenue stamps Security committee Surplus . . . . . Dividend on matured share certificates . . . . . Cash on hand October, 1916 $84,526 465 96,487 11,379 43 35,625 281,350 37,660 85,609 12 268 3,003 678 5,290 206 405 131,852 1,000 5,414 40 150 00 00 00 35 50 00 00 00 67 00 91 50 52 52 40 54 63 00 90 00 00 99 $1,346,426 03 Dues capital Profits capital Unpaid dues $1,346,426 03 * 1,720 50 70,829 71 $354,019 64 D a t e s of E x a m in a t io n a n d A u d it , January 25-February 2 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $1,119,280 00 220,576 03 6,570 00 No. 8.] BANK COMMISSIONER. 151 MEDWAY CO-OPERATIVE BANK, MEDWAY. BROAD STREET. Incorporated September 7, 1915. Began business October 5, 1915. W il l ia m W . O l l e n d o r f f , P re sid e n t.- J a m e s A . S n o w , T r e a su r e r . A. C o l e , J. F. C o l l in s , J o h n G o w e n , R . B. H a l l , P. B. H a r t , P. R . H o d ges , G . P. H o l b r o o k , W . H . 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 , E . F. R ic h a r d s o n , A . L. S a u n d e r s , J. A . S n o w . B o a r d o f D ir e c t o r s : J. S e c u r i t y C om m itte e : J. A . C o l e , P. B . H a r t , T . F. M a l l o y , W. W . O l l e n d o r f f , A . L. Sa u n d e r s . Regular meetings for receipt of moneys the first Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916Assets. Liabilities. $11,600 50 8 166 Loans on real estate Loans on shares . Tem porary expense account Cash . . . . 00 00 25 41 Dues capital . Profits capital . Guaranty fund . Surplus . . Interest . . Fines . . . . . . . . . . . . . . . $11,450 202 17 81 71 1 $11,324 66 00 74 01 85 52 54 $11,824 66 Shares. Membership. Issued during year W ithdrawn during year Shares now pledged Shares in force 300 53 65 1,071 . A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . 57 8 193 10 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 1%; second term, 2%. Proportion of profits retained on voluntary withdrawals, 20% . Rates and Averages on Loans. 10 r e a l estate lo a n s (average, $1,160 each; average rate, 1 s h a re lo a n (average, $50 each; average rate, 6% ); 6%, 6% ): 6%, $11,600. $50. Total Expenses for Year. Am ount paid for . . Cost per $1,000 of assets . . . . . . . . . . Receipts and Disbursements. . Salaries. - Other Expenses. $57.81 4 .8 9 Total. $57.81 4.89 Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Interest . . . . . Fines . . . . . Contingent fund . . . Cash on hand October, 1915 $10,951 354 9 2 987 . 00 64 10 10 70 $12,304 54 Date of Issue. Series. Oct. 1915 April 1916 Oct. 1916 837 111 123 $11,073 51 784 77 123 00 2 46 100 00 $12,033 74 . . . . . . . . . . $425 00 5 32 11,600 00 50 00 57 81 166 41 Dues capital Profits capital Unpaid dues $12,304 54 D a t e of E x a m in a t io n a n d A u d it , September 15. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Value. $13 23 7 07 1 00 Suspense profits . Dues paid in advance . D is b u r s e m e n t s . Dues capital withdrawn Profits capital withdrawn Real estate loans . Share loans . . . Tem porary expense . Cash on hand October, 1916 1 2 3 $11,450 00 202 74 431 00 $12,083 74 152 REPO RT OF TH E [Pub. Doc. MEETING HOUSE HILL CO-OPERATIVE BANK, BOSTON. 235 BOWDOIN STREET (DORCHESTER DISTRICT). Incorporated April 22, 1914. Began business M ay 14, 1914. W il l ia m J. F it z g e b a l d , P r e s id e n t . J o h n H . D o b se y , T r e a s u r e r . J. A. B o y d , W . L. C a h a l a n , J. T . C a v a n a g h , 2d, F . S. D e v l in , H . J. D i x o n , J. H . D o b s e y , J. F . F e n n e s s e y , W . J. F it z g e b a l d , J. A . F l y n n , J. P . L a n d e b s , D a n ie l L e a b y , A . C . M a h o n , J. A . M c E l a n e y , J. H . M c G b a d y , R . M . M e b b ic k , C . J. M u e p h y , P a t b ic k O ’H e a b n , A m b b o g io P io t t i , W . J. P o w e b , C . T . R e a b d o n , E b h a b d t S c h a t z , R . F . S h e e h a n , W . E . W ig h t , F . A . Y o b k . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : W . L. C a h a l a n , W . E . W ig h t , A m b b o g io P io t t i , C . J. M ttbphy, J. H . D obsey. Regular meetings for receipt of moneys the second Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS. 1916. A ssets. Loans on real estate Loans on shares . Permanent expense account Tem porary expense account Cash Liabilities. $70,500 1,819 375 66 2,368 00 00 00 36 00 Dues capital Profits capital Guaranty fund . Surplus Interest Fines W ithdrawal profits Forfeiture profits Forfeited share account Security committee Suspense account $69,473 3,218 142 130 930 81 19 15 1,105 10 2 $75,128 36 Shares. Issued during year . W ithdrawn during year Forfeited during year . Shares now pledged . Shares in force . . . . . . . . . . . . . . . . . 1,493 408 227 516 3,581 00 83 89 62 19 10 01 65 07 00 00 $75,128 36 M e m b e rs h ip . A dded during year Withdrawn during year Members . . . . . Borrowers . . . . . 199 112 505 44 Profits Distributed. U n m a t u b e d Sh a b e s . First term, 1)4% ; second term, 1|%; third term, l f % ; fourth term, 1)4% . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. Z 5 r e a l estate lo a n s (average, $2,820 1 9 sh a re lo a n s (average, $95.74 each; each; average rate, 5 )4 % ): 5)4% , $70,500. average rate, 6% ); 6%, $1,819. Total Expenses for Year. Salaries. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other Expenses. $422.65 5.62 Total. $422.65 5.62 No. 8.] BAN K COMMISSIONER. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Suspense account Guaranty fund . Security committee Cash on hand October, 1915 $36,809 4,000 788 3,170 298 49 49 1,357 2 4 55 2,593 153 00 00 00 65 62 50 97 89 92 00 91 00 02 $49,179 48 Date of Issue. Series. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1 2 3 4 5 6 7 8 9 10 Value _ Shares per Share. in Force. Total Value. $31 63 1,658 $52,442 54 28 28 114 3,223 92 24 98 123 3,072 54 21 72 125 2,715 00 18 50 177 3,274 50 15 33 551 88 36 141 12 19 1,718 79 196 9 08 1,779 68 5,110 98 6 02 849 162 3 00 486 00 Dues paid in advance . 167 00 % $74,542 83 D is b u e s e m e n t s . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans Temporary expense Forfeited share account Surplus Cash on hand October, 1916 $5,259 ,1,457 210 213 37,200 1,922 291 252 6 2,368 00 00 19 09 00 00 32 85 03 00 Dues capital Profits capital Unpaid dues $69,473 00 3,218 83 1,851 00 $74,542 83 $49,179 48 D a t e s of E x a m in a t io n a n d A u d it , N ovember 24-28 inclusive. MELROSE CO-OPERATIVE BANK, MELROSE. 543 MAIN STREET. Incorporated April 4, 1890. L e v i S. G o u l d , P r e s id e n t . Began business April 20, 1890. C h arles G . Schaedel, T re a su re r. C. L. A l l e n , J. H. A l l e n , C . J. B a b t o n , E . F . C a s s e l l , H . E . C h il d , J. C . C b o l l t , W . A . D o l e , J. H . D u f f il l , A . W . D u n t o n , D . W . F it z p a t b ic k , L. S. G o u l d , L. F . H in c k l e y , J. S. H it c h in s , C . G . S c h a e d e l , F . R . U p h a m , W . E . W a t e r h o u s e . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : F. R . U p h a m , J. H . D u f f il l , L. F. H in c k l e y . Regular meetings for receipt of moneys the first Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. $331,940 00 3,125 00 -----------------Loans on shares . . . . Tem porary expense account . C a s h .......................................... Liabilities. Loans on real estate Less amount due https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $328,815 8,375 62 12,323 00 00 66 49 $349,576 15 Dues capital . Profits capital 69 matured shares represented b y certificates Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits Security committee $284,590 00 42,136 39 13,800 3,892 4,158 851 69 00 26 50 73 11 50 41 66 36 00 $349,576 15 154 REPO RT OF THE [Pub. Doc, Shares. Membership. Issued during year . . . . 1,719 A dded during year Withdrawn during year . . .865Withdrawn during year Forfeited during year . . . .18 Members . . . . M atured during year . . . . 20 Borrowers . . . . Shares now pledged . . . .1,914 Shares in force . . . . . 7,333 Profits Distributed. M atured shares represented b y certificates 69 U n m a t u r e d Sh a r e s . First term, 2J^%; second term, 2J^%. 201 75 963 213 M a t u r e d S h a r e C e r t if ic a t e s . First term, 2M % ! second term, 2 }4 ,% K Proportion of profits retained on voluntary withdrawals, 25% on series less than 2 years old; 10% on series from 2 to 5 years old; after 5 years, none. Rates and Averages on Loans. (average, $1,868.27 each; average rate, 5.45%): 5%, $41,250; 5M%> $800; 5J^%, $278,315; 6%, $8,450. 8 7 s h a re lo a n s (average, $226.35 each; average rate, 5.52%): 5J^%, $7,725; 5 % % , $550; 6%, $100. 1 7 6 r e a l estate lo a n s Total Expenses for Year. Salaries. $660.00 1.89 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Real estate loans eliminated b y foreclosure . . . . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Tem porary expense Forfeited share account Matured share certificate account . Security committee Cash on hand October, 1915 $83,149 00 1,500 59,375 6,350 18,875 1,500 18,228 609 2 181 5 1 827 1,800 66 7,089 00 00 00 00 00 50 50 25 47 28 07 10 00 00 49 $199,559 66 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . . Tem porary expense Forfeited share account Security committee Cash on hand October, 1916 $33,092 1,412 2,920 4,525 210 1,045 113,705 8,370 17,700 1,500 657 1,241 827 30 12,323 00 00 00 46 32 59 00 00 00 00 22 48 10 00 49 Date of Issue. Series. Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 Value Shares per Share. in Force. Total Value. $197’ 45 30 $5,923 50 41 186 82 7,659 62 18 176 44 3,175 92 166 28 37 6,152 36 156 35 29 4,534 15 113 146 64 16,570 32 105 137 15 14,400 75 73 127 89 9,335 97 75 118 87 8,915 25 129 110 08 14,200 32 132 101 49 13,396 68 198 93 11 18,435 78 15,204 26 84 94 179 324 76 96 24,935 04 311 21,514 98 69 18 311 19,154 49 61 59 422 54 18 22,863 96 46 95 528 24,789 60 14,204 40 356 39 90 522 17,231 22 33 01 641 16,851 89 26 29 669 13,199 37 19 73 642 8,557 86 13 33 6,593 70 930 7 09 518 518 00 1 00 Dues paid in advance . 211 00 $323,530 39 Dues capital Profits capital Unpaid dues $199,559 66 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 2 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other Expenses. Total. $580.41 $1,240.41 1.66 3 .5 5 $284,590 00 42,136 39 1,804 00 $328,530 39 No. 8.] 155 BAN K COMMISSIONER, MERCHANTS CO-OPERATIVE BANK, BOSTON. 19 MILK STREET. Incorporated December 20, 1881. Began business February, 1882. A lbert E . D uffill , T r e a s u r e r . E dw ard W . H o w e , P r e sid e n t. H. E . A b b e y , J. H . A u b in , B. D . B laisdell , G. T . B osson , F r an k F a n n in g , W . F . F r ee m an , J. A . G ould , E . W . H o w e , C . N. M a r l a n d , A. J. M ercer , A. S. P arson s , H . A . P e r k in s , C. D . R ic e , C . W . Sh er m a n , J. A . Sparr ow , E dw ard S toddard , T homas Sw a d k in s , F . O. r W h it n e y . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : G . T . B osson , A . S. P arson s , E dw ard Stoddard , H . A . P e r k in s , J. H . A u b i n , E . W . H o w e , W . F. F r ee m an . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Temporary expense account Taxes paid Cash . . . . $4,747,160 183,785 27 2,405 150 218,700 00 00 38 51 71 57 $4,169,263 717,484 205,364 24,766 32,041 252 11 1,893 1,092 58 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Transfer fees n . Withdrawal profits Forfeited share account Over and short account $5,152,229 17 00 02 27 66 52 84 50 70 92 74 $5,152,229 17 Membership. Shares. 24,170 12,049 249 1,338 31,737 97,060 Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force A dded during year Withdrawn during year Members . . . Borrowers . . . . . 1,955 1,079 9,374 2,357 Profits Distributed. U nm atured Sh a r e s . First term, 1 b/ lo% ; second term, 1% % \ third term, l Y s % \ fourth term, 1 % % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; 20% on series from 6 to 6J^ years old; 15% on series from to 7 years old; 10% on series from 7 to Ty% years old; 5% on series from 7J^ to 8 years old; after 8 years, none. Rates and Averages on Loans. 1 , 8 0 6 re a l estate lo a n s (average, $2,628.54 5 y 2% , $1,528,530; 5 % % , $409,800; each; average rate, 5.41%): 5%, $1,034,840; 5J^%, $1,250,740; 6%, $412,100; 6M % , $81,450; 6J^%, $26,800; 6M % , $2,000; 7%, $400; 7M % . $500. 9 A 2 s h a re lo a n s (average, $195.10 each; average rate, 5.59%): 5%, $8,775; 5J^%, $32,220; 5J^%, $88,360; 5M % , $17,460; 6%, $24,930; 6M %. $3,280; 6 ^ % , $5,870; & % % , $1,860; 7%, $150; 7 M % , ' 1 $880. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $8,711.57 .......................................... 1.69 Other Expenses. $8,480.73 1.65 Total. $17,192.30 3.34 156 R E PO R T OF THE Receipts and Disbursements. [Pub. Doc, Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital $1,102,834 00 Real estate loans eliminated by foreclosure 27,350 00 Real estate loans eliminated b y maturity of shares . 35,400 00 Real estate loans repaid 842,320 00 Share loans repaid 134,760 00 Mortgages . . . . 3,321 28 Real estate b y foreclosure 30,150 12 272,454 26 Interest . . . . Fines . . . . 10,208 00 Transfer fees 57 00 W ithdrawal profits 8,464 11 Profits capital 13 96 Temporary expense 3,046 18 Forfeited share account 6,227 75 Over and short account 334 85 Guaranty fund . 20,000 00 Surplus . . . . 5 68 Suspense account 2,046 23 Profit and loss 53 38 Insurance and taxes 3,854 50 Cash on hand October, 1915 181,008 18 $2,683,909 43 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Fines . . . . Real estate b y foreclosure Interest . . . . Temporary expense Withdrawal profits Forfeited share account Over and short account Guaranty fund . Surplus . . . . Personal accounts Suspense account Insurance and taxes Cash on hand October, 1916 . . $453,520 5,312 194,326 77,765 784 72,428 1,417,390 156,655 9 30,177 1,698 20,238 7,443 303 613 20,000 1,917 2,046 2,578 218,700 00 00 00 75 20 34 00 00 23 50 96 48 60 65 17 80 00 75 23 25 57 $2,683,909 48 Date of Issue. Series. p^ g [fare, Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. 1904 1905 1905 1905 1905 1906 1906 1906 1906 1907 1907 1907 1907 1908 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 $195 189 184 179 174 169 163 158 154 149 144 139 134 130 125 121 116 112 107 103 99 94 90 86 82 78 74 70 66 63 59 55 51 48 44 41 37 34 30 27 24 20 17 14 11 8 5 2 irf ^ c e. Total Value684 328 384 335 583 559 587 519 507 752 739 620 895 1,144 793 819 789 1,385 1,096 1,175 1,062 1,671 1,278 1,334 1,267 2,323 1,351 1,604 1,972 2,408 2,357 2,097 2,112 2,806 2,612 2,325 2,633 3,283 3,679 3,131 3,826 4,314 4,193 4,519 5,283 5,723 6,150 5,054 30 93 58 36 13 00 97 95 04 17 32 53 81 14 54 00 53 11 72 41 15 92 77 66 60 60 64 73 86 05 28 56 88 25 66 11 62 16 74 38 05 78 54 35 21 10 03 00 Dues paid in advance . . . $133,585 62,297 70,878 60,085 101,517 94,471 96,250 82,495 78,098 112,175 106,652 86,508 120,654 148,880 99,553 99,099 91,942 155,272 118,061 121,506 105,297 158,611 116,004 115,604 104,654 182,587 100,838 113,450 131,847 151,824 139,722 116,509 109,570 135,389 116,651 95,580 99,053 112,147 113,092 85,726 92,015 89,644 73,545 64,847 59,222 46,356 30,934 10,108 20 04 72 60 79 00 39 05 28 84 48 60 95 16 22 00 17 35 12 75 30 32 06 44 20 80 64 92 92 40 96 32 56 50 92 75 46 28 46 78 30 92 22 65 43 30 50 00 6,381 00 $4,917,207 02 Dues capital Profits capital Unpaid dues Suspense dues $4,169,263 717,484 30,442 18 00 02 00 00 $4,917,207 02 D ates of E x a m in a tio n an d A u d it , February 25 to March. 13 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. 157 MERRIMACK CO-OPERATIVE BANK, LAWRENCE. 264 ESSEX STREET. Incorporated April 2, 1892. Began business April 28, 1892. John J. H u r l e y , P r e s id e n t . C ornelius A. M cC a r t h y , T r e a s u r e r . F. W . B oody , J. A . B rogan , T . J. B u c kle y , M . A . D ig n am , M . B . D organ , J. M . D u b é , G eorge G e l in e a u , F. C. H a rm on , E . A. H a r t , J. J. H u r l e y , C. A. M cC a r t h y , James M c D o w el l , J. P. M ulho lland , J. J. P etroske , F. J. Q u in n , A. H . R ogers , G . A. St a n l e y , C . H . S ug att , J. J. S u l liv a n , M . A . Su l liv a n , M . J. S u l liv a n , E . P . W h it e . B o a r d o f D ir e c t o r s : S e c u r i t y C o m m itte e : J. J. H u r l e y , J. J. S u l liv a n , E . P. W h it e . Regular meetings for receipt of moneys the first Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Permanent expense account Personal accounts Cash . . . . Liabilities. $356,274 11,718 639 223 754 50 22,630 00 00 44 95 04 00 66 Dues capital . . . . Profits capital . . . . 100 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Forfeited share account Dividend on matured share certifi cates . . . . . $327,047 00 36,905 13 20,000 00 2,859 26 3,659 01 1,607 19 212 50 $392,290 09 $392,290 09 Shares. Membership. Issued during year . . . . 5,948 W ithdrawn during year . . . 2,051 Forfeited during year . . . . 188 Matured during year . . . . 60 Shares now pledged . . . . 2,524 Shares in force . . . . . 13,511 M atured shares represented b y certificates 100 A dded during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 712 312 1,660 236 Profits Distributed. U nm atured Sh a r e s . First term, l% o % ; second term, 144o% ; third term, 1Vio% ; fourth term, l 4/io% . M atu red S h ar e C e rtificates . First term, 1% % ; second term, 1M % ; third term, 1M % ; fourth term, 1} 4 % . Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old; 10% on series from 4 to 8 years old; after 8 years, none. Rates and Averages on Loans. 1 5 2 ve al estate lo a n s $317,574. 1 7 6 s h a re lo a n s (average, $2,343.91 each; average rate, 5.90%); 5%, $33,900; 5J^%, $4,800; 6%, (average, $66.96 each; average rate, 6% ): 6%, $11,718. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $1,020.00 2 .6 0 Other Expenses. $1,055.54 2.69 Total. $2,075.54 5 .2 9 158 REPO RT OF THE Receipts and Disbursements. [Pub. Doc, Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Real estate loans eliminated b y foreclosure . . . . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Profits capital . . . . Forfeited share account M atured share account Matured share certificate account . Surplus . . . . . Security committee Cash on hand October, 1915 $147,318 00 150 71,625 13,610 19,708 582 2 560 55 18 1,846 12,077 10,600 96 189 10,566 00 00 00 83 15 25 55 30 20 11 85 00 95 50 35 $289,007 04 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits oapital matured Real estate loans Share loans Tem porary expense Permanent expense Forfeited share account Matured share account M atured share certificate account . Personal accounts Dividend on matured share certificates Security committee Cash on hand October, 1916 $42,069 2,799 8,520 4,533 333 3,558 176,595 11,340 1,988 491 621 12,096 600 30 00 00 00 03 40 85 00 00 35 50 01 05 00 00 516 69 284 50 22,630 66 $289,007 04 Date of Issue. Series. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. Feb. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 Value per Share. $193 78 182 60 171 71 161 05 150 69 140 62 130 79 121 28 112 02 103 03 94 27 85 77 77 46 69 41 61 58 53 95 50 22 46 53 42 91 39 30 35 77 32 27' 28 84 25 46 22 12 18 83 15 57 12 37 9 21 6 10 3 03 Shares Total Value. in Force. $3,681 82 19 10 1,826 00 37 6,353 27 5,958 85 37 1,356 21 9 27 3,796 74 36 4,708 44 2,789 44 23 82 9,185 64 95 9,787 85 10,652 51 113 10,721 25 125 7,513 62 97 8,815 07 127 6,958 54 113 714 38,520 30 16,924 14 337 14,424 30 310 284 12,186 44 13,362 00 340 37,844 66 1,058 28,558 95 885 422 12,170 48 511 13,010 06 592 13,095 04 1,036 19,507 88 11,412 81 733 1,038 12,840 06 1,765 16,255 65 7,496 90 1,229 1,307 3,960 21 Dues paid in advance . 647 00 $366,322 13 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $327,047 00 36,905 13 2,370 00 $366,322 13 D a t e s of E x a m in a t io n a n d A u d it , M ay 10-16 inclusive. METROPOLITAN CO-OPERATIVE BANK, BOSTON. 78 DEVONSHIRE STREET. Incorporated M a y 14, 1915. F r ed E. B o l t o n , P r e s id e n t . Began business M ay 24, 1915. B e n ja m in P. E l l is , T r e a s u r e r . F. E . B o l t o n , H. M . C h a m b e r l a in , F. I. C o o p e r , A . L. C u t t in g , H. D . D o c k r a y , B. P. E l l is , F. W. G a n s e , H. H. H a l e , M a b e l F. H a l e , T h e o d o r a M . H a s t in g s , A . E . K e m p , H. W . L e w is , A . B. M e s s e r , T . H. R a t ig a n , G u y R ic h a r d s o n , A n n ie M . S t o n e . B o a r d o f D ir e c t o r s : S e c u r i t y C o m m itte e : F. E . B o l t o n , H . M . C h a m b e r l a in , A . L. C u t t in g , H. D . D o c k r a y , B . P. E l l is . Regular meetings for receipt of moneys the third M onday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. 159 STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916 Liabilities. Assets. $33,500 1,100 68 208 47 5,666 Loans on real estate Loans on shares . Unpaid interest . Permanent expense account Tem porary expense account Cash . . . . 00 00 00 38 61 29 Dues capital . . Profits capital Guaranty fund . Surplus . . . Interest . . . Fines . . . Transfer fees Withdrawal profits Forfeited share account $39,136 916 11 8 415 12 00 38 17 94 85 99 25 4 70 84 00 . . . . . $40,590 28 $40,590 28 Shares. Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . Membership. . . . . 1,389 . 366 35 . 2 8 1 2,873 . . . . . . . . . A dded during year Withdrawn during year Members . . . Borrowers . . . . . 180 69 374 22 . . Profits Distributed. U nmatured Sh ar es . First term, 2J^%; second term, 1M%> third term, 1 K % ; fourth term, Proportion of profits retained on voluntary withdrawals, 25% on series less than 3 years old; 20% on series from 3 to 6 years old; after 6 years, none. Rates and Averages on Loans. 1 4 re a l estate lo a n s (average, $2,392.86 each; average rate, 5.98%); 8 s h a re lo a n s (average, $137.50 each; average rate, 6% ): 6%, $1,100. $1,000; 6%, $32,500. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . . . . . . . . . Salaries. — - . . R e c e ip t s . $31,400 425 1,580 71 4 13 3 142 95 5,670 Total. $252.34 6 .22 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital Share loans repaid Interest . . . . Fines . . . . Transfer fees W ithdrawal profits Forfeited profits . Tem porary expense Forfeited share account Cash on hand October, 1915 Other Expenses. $252.34 6 .22 00 00 63 92 16 46 60 75 00 04 $39,406 56 Date of Issue. Series. M ay Aug. N ov. Feb. M ay Aug. 1915 1915 1915 1916 1916 1916 1 2 3 4 5 6 Value Shares Total Value. per Share. in Force. $28,693 50 $18 50 1,551 1,455 40 95 15 32 5,273 94 12 18 433 3,214 32 354 9 08 1,270 22 211 6 02 229 687 00 3 00 Dues paid in advance . 346 00 $40,940 38 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans Tem porary expense Permanent expense Forfeited share account Cash on hand October, 1916 $2,716 95 48 4 28,900 1,450 357 157 11 5,666 00 00 58 80 00 00 19 70 00 29 Dues capital Profits capital Unpaid dues $39,406 56 D a tes of E x a m in a tio n and A ud it , October 10, 11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $39,136 00 916 38 888 00 $40,940 38 160 REPO RT OF THE [Pub. Doc. MIDDLEBOROUGH CO-OPERATIVE BANK, MIDDLEBOROUGH. 38 SOUTH MAIN STREET. Incorporated M ay 1, 1889. Began business M ay 21, 1889. W arr en H. S outhworth , P r e s i d e n t .* B o a r d o f D ir e c t o r s : W a lter L. B e a ls , T r e a s u r e r . C . N. A tw o o d , L. O. A t w ood , W . L. B e als , A . C . H o w es , J. H. K e n n e d y , A . F P h in n e y , H. W . S ears , D . D. S u l liv a n , J. V. S u l liv a n , A. A. T homas , A ller E . F. W ith am , L orenzo W ood . M itchell , Z. E. ton T hompson , S e c u r i t y C om m itte e : L orenzo W ood , C . N . A tw o o d , A llehton T hompson . Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Less amount due $501,450 00 Dues capital . . . . 14,900 00 Profits capital . ----------------------------------- $486,550 00 matured shares represented by 366 Loans on shares . . . . 5,940 00 certificates . Comm on form mortgages . . 2,261 33 Guaranty fund . . . . Real estate b y foreclosure, etc. . 6,997 43 Surplus . . . . . Permanent expense account . 638 24 Forfeited share account Personal accounts . . . 144 09 Lost pass book . . . . Insurance and taxes paid . . 152 53 Personal accounts Leased property . . . . 625 87 Security committee C a s h ........................................... 32,278 79 Dividend on matured share certifi cates . . . . $381,104 00 70,461 91 $535,588 28 $535,588 28 Shares. 73,200 6,507 2,935 315 2 135 12 00 87 20 30 00 00 00 915 00 Membership. Issued during year . . . . W ithdrawn during year . . . Forfeited during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 2,028 842 39 204 2,985 7,957 366 Added during year . W ithdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 221 101 1,094 400 Profits Distributed. U nm atured Sh ar e s . First term, 2 } 4 % \ second term, 1}^% ; third term 1M%M a tu re d S h ar e C e r t if ic a te s . First term, 2 ^ % ; second term, 1 third term, 1M%Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. (average, $1,359.08 each; average rate, 5.45%); 5%, $120,950; 5 $ 1 3 5 , 9 0 0 ; 5 1 4 % , $86,600; 6%, $143,100. S 9 s h a re lo a n s (average, $152.31 each; average rate, 5.34%); 5 % % , $4,645; 5 \ 4 % , $920; 6%, $375. S 5 8 r e a l estate lo a n s Total Expenses for Year. Salaries. Am ount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ..................................................... . . . ' . . . $1,487.67 2 .7 8 Other Expenses. Total. $1,471.76 2 .7 5 $2,959.43 5 .53 * Since deceased and Alvin C. Howes elected President. No. 8.] BANK COMMISSIONER, Receipts and Disbursements. RECEIPTS. Dues capital . . . . Real estate loans eliminated by foreclosure . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Profits capital . . . . Temporary expense Forfeited share account Matured share account Matured share certificate account . Personal accounts Insurance and taxes Lost pass book . . . . Cash on hand October, 1915 Reconciliation of Share Account with Dues and Profits Capital. $94,687 00 6,750 00 8,100 47,650 7,340 35,900 66 1,645 29,591 1,055 9 267 12 632 872 40,922 32,600 2,925 34 3 26,052 161 00 00 00 00 32 00 83 09 75 03 00 15 08 36 00 21 94 00 41 $337,116 17 _ Shares Value Date of Issue. Series. per Share. Nov. 1904 32 $196 87 131 M ay 1905 33 186 15 72 34 Nov. 1905 175 69 91 M ay 1906 35 165 48 90 Nov. 1906 36 155 51 78 M ay 1907 220 37 145 78 Nov. 1907 38 136 28 137 M ay 1908 163 39 127 03 Nov. 1908 203 40 117 99 41 M ay 1909 190 109 18 42 234 Nov. 1909 100 58 M ay 1910 43 92 18 308 Nov. 1910 44 188 83 98 422 M ay 1911 45 76 01 191 Nov. 1911 46 68 21 M ay 1912 47 60 61 385 Nov. 1912 449 48 53 18 49 M ay 1913 410 45 94 514 Nov. 1913 50 38 88 Ma y 1914 51 31 99 557 52 430 Nov. 1914 25 28 629 M ay 1915 53 18 73 824 54 12 33 Nov. 1915 618 M ay 1916 55 6 09 423 56 3 03 Aug. 1916 Total Value. $25,789 13,402 15,987 14,893 12,129 32,071 18,670 20,705 23,951 20,744 23,535 28,391 15,788 32,076 13,028 23,334 23,877 18,835 19,984 17,818 10,870 11,781 10,159 3,763 1,281 97 80 79 20 78 60 36 89 97 20 72 44 24 22 11 85 82 40 32 43 40 17 92 62 69 D isbu rsem ents . Dues capita! withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Withdrawal profits Fines . . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Permanent expense Forfeited share account Lost pass book . . . . Matured share account Surplus . . . . . Personal accounts Insurance and taxes Dividend on matured share certificates . . . . . Cash on hand October, 1916 $42,971 803 29,810 8,062 69 10,775 114,750 3,520 33,950 13 8 6,997 341 3,001 435 566 1 40,922 1,955 2,805 187 00 00 00 69 08 76 00 00 00 52 75 43 62 83 61 78 00 36 94 95 47 Dues paid in advance . 907 00 $453,781 91 $381,104 00 70,461 91 2,216 00 Dues capital Profits capital Unpaid dues $453,781 91 - 2,887 59 32,278 79 $337,116 17 D a tes oe E xam in a tio n and A ud it , October 2 -6 inclusive. MIDDLESEX CO-OPERATIVE BANK, LOWELL. 53 CENTRAL STREET. Incorporated N ovember 2, 1892. W illiam M . S h er w e ll , P r e sid e n t . Began business Novem ber 3, 1892. W illiam D . B r o w n , T r e a su r e r . W . D . B r o w n , M . J. B ur n s , H. W. C obur n , C . W . D a n a , A rthur G enest , E . J. G ilm ore , S. C . G u l l in e , N . D . K e a b l es , W . R . K ilpartrick , F. S. K in g sb u r y , S. G. P ills b u r y , W . M . Sh e r w e l l . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : W . M . Sh e r w e l l , W . R . K ilpartrick , N . D . K ea bl es . Regular meetings for receipt of moneys the last Friday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 162 REPORT OF THE [Pub. Doc. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Cash . . . Liabilities. . . $712,415 28,950 1,414 194 9,125 00 00 15 95 19 Dues capital . Profits capital . Guaranty fund . Surplus . . . . . . . . . $631,522 107,535 5,824 7,217 . . . . $752,099 29 00 53 20 56 $752,099 29 Shares. Membership. Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force . . . 3,104 1,828 6 190 . 4,577 . 13,104 A dded during year W ithdrawn during year Members . . . Borrowers . . . . 373 238 1,668 449 . . . Profits Distributed. U nmatured Sh ar e s . First term, 234%; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 10% thereafter. Rates and Averages on Loans. 3 6 6 re a l estate lo a n s (average, $1,946.49 each; average rate, 5% ): 5%, $712,415. 8 3 s h a re lo a n s (average, $348.80 each; average rate, 5% ): 5%, $28,950. Total Expenses for Year. Amount paid for . C ost per $1,000 of assets Receipts and Disbursements. R eceipts . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Cash on hand October, 1915 $159,723 00 1,100 00 10,500 69,075 13,925 841 36,105 854 7 1,069 4 7,088 00 00 00 84 41 12 00 09 65 10 $300,293 21 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest Temporary expense Cash on hand October, 1916 $68,471 264 28,120 9,322 46 9,500 155,840 15,390 865 434 2,913 9,125 00 00 00 15 50 20 00 00 72 49 96 19 $300,293 21 Salaries. Other Expenses. $2,358.23 3.13 $555.73 .74 Total. $2,913.96 3.87 Reconciliation of Share Account with Dues and Profits Capital. Shares Date of Issue. Series..perValue Share, in Force. Total Value. Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 $194 183 173 163 153 144 134 125 116 108 99 91 83 75 67 60 52 45 38 31 25 18 12 6 Dues paid in advance . 05 59 37 39 61 09 79 72 85 20 73 48 40 52 82 30 96 78 77 92 23 69 31 08 192 99 175 162 250 152 180 119 238 496 469 430 547 447 542 800 706 628 993 952 677 1,065 1,379 1,406 $37,257 18,175 30,339 26,469 38,402 21,901 24,262 14,960 27,810 53,667 46,773 39,336 45,619 33.757 36.758 48,240 37,389 28,749 38,498 30,387 17,080 19,904 16,975 8,548 60 41 75 18 50 68 20 68 30 20 37 40 80 44 44 00 76 84 61 84 71 85 49 48 746 00 $742,013 53 Dues capital Profits capital Unpaid dues $631,522 00 107,535 53 2,956 00 $742,013 53 D ates of E xam in a tio n and A u d it , September 20-30 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 163 BANK COMMISSIONER No. 8. MILFORD CO-OPERATIVE BANK, MILFORD. 189 MAIN STREET. Incorporated M arch 31, 1887. Began business April 1, 1887. R ufus C. E ldridge , P r e s id e n t . W alter F. M a n n , T r e a s u r e r . H. W . A ust in , H . A. B r o w n , C . L. C l ar k , D . J. C r o n a n , S. A . E a st m a n , H. H . L e n t , A. T . M a c u e n , W . S. M a r d e n , J ohn N olan , P. E . Sw e e n e y , H. E . W h it n e y , E . P. W illar d . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : C . L. C l ar k , D . J. C r o n a n , L. E . H e a t h . Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Real estate by foreclosure, etc. Unpaid fines Tem porary expense account Cash . . . . . $620,475 23,560 1,278 114 204 27,914 00 00 58 51 73 55 . Dues capital Profits capital Guaranty fund . Surplus Interest Transfer fees Withdrawal profits 00 54 45 40 87 50 105 61 $673,547 37 $673,547 37 Membership. Shares. Issued during year Withdrawn during year Matured during year Shares now pledged Shares in force $536,705 110,070 14,946 10,716 1,002 1,559 793 564 3,862 9,690 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 134 110 1,479 508 Profits Distributed. U nm atured S h ar e s . First term, 2Y % % \ second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. (average, $1,416.60 each; average rate, 5.26%); 5%, $95,745; 5J^%, $29,450; 5 } 4 % , $433,245; 5 ^ % , $11,825; 5 ^ % , $6,050; 5^g%, $15,400; 5 % % , $5,800; 5]/s % , $7,300; 6%, $6,050; 6 V 8% , $350; 6M % . $4,600; 6K % , $1,860; 6 ^ % , $800; 6 J 4 % , $600; 7%, $1,400. 8 7 s h a r e lo a n s (average, $270.80 each; average rate, 5.27%); 5%, $539; 5j4s%, $125; 5J:£%, $22,121; 5 H % , $25; 5 ^ % . $60; 5%%, $440; 6%, $200; 6 ^ % , $50. 4 3 8 re a l estate lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . ........................................... Salaries. $1,481.86 2.20 Other Expenses. $751.67 1.11 Total. $2,233.53 3.31 R E PO R T OF THE 164 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid . !. Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Temporary expense Surplus . . . . Cash on hand October, 1915 $114,474 00 1,200 00 8,050 111,300 21,445 1,595 35,278 1,266 9 691 20 2 19,837 00 00 00 34 34 07 00 63 00 00 03 $315,168 41 D isbu rsem ents . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Tem porary expense Cash on hand October, 1916 $48,843 82,266 10,168 29,698 102,470 9,345 1,278 930 2,253 27,914 [Pub. Doc. 00 00 65 50 00 00 58 60 53 55 Shares Date of Issue. Series. Value per Share. in Force. Total Value. Oct. 1904 36 $197 68 62 $12,256 16 April 1905 37 186 97 370 69,178 90 Oct. 1905 38 62,304 50 176 50 353 April 1906 39 166 29 137 22,781 73 Oct. 1906 40 23,451 00 156 34 150 April 1907 41 146 63 403 59,091 89 Oct. 1907 42 20,443 86 137 14 149 April 1908 43 127 88 136 17,391 68 Oct. 1908 44 118 89 103 12,245 67 April 1909 45 562 110 11 61,881 82 Oct. 1909 46 232 101 52 23,552 64 April 1910 47 93 14 233 21,701 62 Oct. 1910 48 84 98 343 29,148 14 April 1911 49 608 46,816 00 77 00 Oct. 1911 69 22 221 50 15,297 62 April 1912 51 61 62 389 23,970 18 Oct. 1912 52 54 20 229 12,411 80 April 1913 53 46 96 701 32,918 96 Oct. 1913 54 493 39 90 19,670 70 April 1914 55 33 01 605 19,971 05 Oct._ 1914 56 26 29 302 7,939 58 April 1915 57 19 73 866 17,086 18 Oct. 1915 58 13 33 843 11,237 19 April 1916 863 59 7 09 6,118 67 Oct. 1916 60 1 00 337 337 00 425 00 Dues paid in advance . $649,619 54 $315,168 41 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $536,705 00 110,070 54 2,844 00 $649,619 54 D ates of E x a m in a tio n and A u d it , July 17-20 inclusive. MONTELLO CO-OPERATIVE BANK, BROCKTON. 747 NORTH MAIN STREET. Incorporated August 1, 1911. Began business September 14, 1911. Joseph H e w e t t , P r e s id e n t . H erbert C . J ohnson , T r e a s u r e r . S. P . A ld e n , D . W . B attle s , D . E. B r o w n , W . R . C oo k , J. J. C ooper , J. L . E m e r t , J. H. G ordon , E . L. G o w d y , W . F. H a l l , Joseph H e w e t t , C . P. H olland , H . C . Johnson , W . E . Johnson , W . L. M e rrill , A . E . N e lson , C . D . N e v in s , C . A . N oyes , J. B . N y e , F. H . P a ck a r d , A . R . P e r k in s , F. L. P r ice , F. F. P rior , A . M . R ollins , J. G . W il d e . B o a r d o f D ir e c t o r s : S e c u r i t y C o m m itte e : J. L. E m e r y , W . F. H a l l , J. B. N y e . Regular meetings for receipt of moneys the second Thursday of each month. STATEMENT OP CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Less amount due $263,925 00 1,365 00 ------------------ $262,560 00 Loans on shares . . . . 6,630 00 Unpaid fines . . . . 185 80 Permanent expense account . 100 00 Temporary expense account . 43 07 Over and short account . . 40 69 C a s h .......................................... 8,108 19 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $277,667 75 Dues capital Profits capital Guaranty fund . Surplus . . . . Interest . . . . Withdrawal profits Forfeited share account $244,617 27,097 1,665 2,843 1,139 133 172 00 42 00 07 73 53 00 $277,667 75 BANK COMMISSIONER No. 8.] Shares. Issued during year . W ithdrawn during year Forfeited during year . Shares now pledged . Shares in force . . 165 Membership. . . . . . . . . . . . . . . . 1,292 721 27 1,490 6,680 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . 169 102 709 160 . Profits Distributed. U nmattjbed Sh ar e s . First term, 2 % % ; second term, 2%%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 1 S 6 re a l estate lo a n s (average, $1,930.59 2 4 s h a re lo a n s (average, $276.25 each; each; average rate, 6% ): 6%, $262,560. average rate, 6% ); 6%, $6,630. Total Expenses for Year. Salaries. $349.92 1.26 Amount paid for . Cost per $1,000 of assets Total. $789.13 2.84 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . $76,872 33,300 1,280 10,791 14,749 593 Dues capital Real estate loans repaid Share loans repaid Uncompleted mortgage loans Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Tem porary expense Forfeited share account Profits capital Revenue stamps Insurance and taxes Over and short account Surplus . . . . Cash on hand October, 1915 Other Expenses. $439.21 1.58 358 37 4 270 7 54 325 4 1,682 00 00 00 26 78 03 50 25 06 00 96 58 17 92 45 41 15 Value _ Shares Date of Issue. Series. per Share. in Force. Total Value. 1 $71 01 1,285 $91,247 85 Sept. 1911 Mar. 1912 2 63 25 976 61,732 00 3 55 70 343 19,105 10 Sept. 1912 Mar. 1913 4 48 34 664 32,097 76 41 17 14,491 84 Sept. 1913 5 352 34 19 21,744 84 Mar. 1914 6 636 7 27 41 301 8,250 41 Sept. 1914 8 512 Mar. 1915 20 80 10,649 60 7,998 52 14 36 Sept. 1915 9 557 Mar. 1916 10 8 10 635 5,143 50 11 2 00 419 838 00 Sept. 1916 Dues paid in advance . 1,167 00 $274,466 42 $140,331 52 Dues capital Profits capital Unpaid dues D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . Uncompleted mortgage loans Fines . . . . Interest . . . . Tem porary expense Forfeited share account W ithdrawal profits Insurance and taxes Over and shoit account Profits capital . . . Cash on hand October, 1916 . $18,184 349 1,460 37 95,200 3,755 11,676 00 00 77 06 00 00 26 8S . . . 57 743 315 3 54 380 4 8,108 50 13 96 70 92 74 41 19 $140,331 52 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , July 18, 19. . . . . . . . . . . . . $244,617 00 27,097 42 2,752 00 $274,466 42 166 REPO RT OF THE [Pub. Doc. MT. WASHINGTON CO-OPERATIVE BANK, BOSTON. 445 BROADWAY (SOUTH BOSTON DISTRICT). Incorporated June 20, 1893. Began business June 21, 1893. T homas J. G ib l in , P r e sid e n t . John M. Sh e a , T r e a su r e r . W . C b e e d , F. L. D o n ne lly , T . J. G ib l in , T . R . G bim es , F. J. H a n n o n , W . J H e n n e ssey , F. W . L y o n s , F rancis M ag u r n , C . P. M o o ne y , J. P. M organ , M . J. M u l l e n , M . J. M u r r a y , G . H . Sa l l a w a y , J. M . Sh e a , A lfred S m art . B o a r d o f D ir e c t o r s : D . S e c u r i t y C om m itte e : C . P . M o o n e y , F. J. H a n n o n , W . J. H e n n e s s e y . Regular meetings for receipt of moneys the third W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Insurance and taxes paid Cash $893,050 24,560 2,291 284 25 24,094 00 00 25 89 00 70 Dues capital . . . . Profits capital . . . . 337 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Forfeited share account . Dividend on matured share certificates . . . . . $944,305 84 $724,232 00 128,517 18 67,400 00 12,539 12 10,799 29 60 00 758 25 $944,305 84 Shares. Membership. Issued during year . 3,424 . 2,199 W ithdrawn during year 10 Forfeited during year . Matured during year 377 Shares now pledged . 5,500 . 15,724 Shares in force Matured shares represented by certificates 337 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . . 311 250 1,591 460 U nmatured Sh ar e s . First term, 1)4%; second term, 1)4%; third term, 1M%; fourth term, 1)4%. M atured Sh are C e rtificates . First term, 1)4%; second term, 1)4%; third term, 1)4%; fourth term, 1)4%. Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old; 10% on series from 4 to 6 years old; after 6 years, none. Rates and Averages on Loans. (average, $2,350.13 each; average rate, 5.39%): 5%, $197,400; 5)4% , $3,200; 5 )4 % , $681,450; 6%, $11,000. 1 1 2 s h a re lo a n s (average, $219.29 each; average rate, 5.46%): 5%, $7,710; 5)4% , $11,220; 6%, $5,630. 3 8 0 r e a l estate lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. ...........................................$2,220.00 ........................................... 2.35 Other Expenses. $2,356.50 2 .50 Total. $4,576.50 4.85 167 BANK COMMISSIONER No. 8.] Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Shares Value Date of Issue. Series. per Share. in Force. Total Value. $33,206 81 24 $196 49 169 N ov. 1904 153 28,445 76 M ay 1905 25 185 92 173 30,373 61 26 Nov. 1905 175 57 277 45,835 19 M ay 1906 27 165 47 240 37,329 60 155 54 28 Nov. 1906 25,669 60 176 29 145 85 M ay 1907 295 40,229 15 Nov. 1907 30 136 37 132 16,786 44 31 M ay 1908 127 17 42,054 28 356 32 N ov. 1908 118 13 28,961 85 265 33 M ay 1909 109 29 335 33,727 80 34 100 6S Nov. 1909 541 49,918 07 35 92 27 M ay 1910 52,711 89 627 36 84 07 Nov. 1910 35,676 83 469 M ay 1911 37 76 07 938 64,027 88 38 68 26 Nov. 1911 47,246 35 779 39 60 65 M ay 1912 49,441 38 929 Nov. 1912 40 53 22 40,692 30 885 41 45 98 M ay 1913 34,980 09 899 42 38 91 N ov. 1913 19,350 24 546 35 44 43 Feb. 1914 15,908 97 44 497 32 01 M ay 1914 440 12,597 20 45 28 63 Aug. 1914 12,316 23 487 46 N ov. 1914 25 29 10,291 32 468 21 99 47 Feb. 1915 11,781 17 629 48 18 73 M ay 1915 813 12,609 63 49 15 51 Aug. 1915 788 9,716 04 12 33 50 N ov. 1915 660 6,065 40 51 9 19 Feb. 1916 1,006 6,126 54 52 6 09 M ay 1916 752 2,278 56 53 3 03 Aug. 1916 Dues capital . . . . Real estate loans ^eliminated by maturity of shares Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . Forfeited share account Matured share account Matured share certificate account . Profits capital . . . . Insurance and taxes Cash on hand October, 1915 $186,091 00 13,200 139,550 15,760 48,365 1,386 3 771 1 30 6,028 36,800 1 124 34,261 00 00 00 43 82 25 01 00 00 20 00 08 82 98 $482,374 53 D isbursem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Interest on matured shares . Temporary expense Forfeited share account Matured share account Matured share certificate account . Surplus . . . . Dividend on matured share certifi cates . . . . . Cash on hand October, 1916 $101,095 30 55,419 18,050 5 19,691 227,450 18,680 697 4,576 48 6,028 4,600 5 00 00 00 19 10 91 00 00 41 50 00 20 00 08 1,903 50 24,094 70 $482,374 59 Dues paid in advance . • 1,126 00 ) ' $857,482 18 Dues capital Profits capital Unpaid dues . . . . . . . . . . . $724,232 00 128,517 18 4,733 00 $857,482 18 D ates of E xam in a tio n and A u d it , February 29-M arch 8 inclusive. NEEDHAM CO-OPERATIVE BANK, NEEDHAM. 990 GREAT PLAIN AVENUE. Incorporated April 21, 1892. A lbert M . M il l e r , P r e s id e n t . Began business M a y 9, 1892. W illiam G. M ose le y , T r e a su r e r . B o a r d o f D ir e c t o r s : F. G. C l e w s , H . A . C rossm an , H . A . T . D ow , W. C . M a so n , A. M . M il le r , T . F. P ea bo d y , E . W . S m it h , W . F. Sn o w . S e c u r i t y C o m m itte e : H. A . C rossm an , H . A. T. D ow , W . C. M a so n , T . F. P ea bo d y , E. W. Sm ith . Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Permanent expense account Personal accounts Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $887,880 22,411 2,200 450 71 48,904 95 00 00 00 91 02 $961,917 88 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account $792,329 145,072 11,556 12,929 30 00 11 23 99 55 $961,917 88 168 REPO RT OF THE [Pub. Doc, Shares. Issued duiing year . Withdrawn during year M atured during year . Shares now pledged . Shares in force . . Membership. . . . . . . . . . . . . . . . 5,905 2,782 114 5,362 20,524 A dded during year . W ithdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 443 208 2,029 476 Profits Distributed. U nm atured Sh ar e s . First term, 3% ; second term, 3%. M atu red Sh ar e C ertificates . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, on series less than 7 years old, the last dividend; after 7 years, none. Rates and Averages on Loans. 3 8 8 re a l estate lo a n s (average, $2,288.35 8 9 sh a re lo a n s (average, $251.81 each; each; average rate, 6.30%); 6 sA o % , $887,880.95. average rate, 6.30%); 6%o%, $22,411. Total Expenses for Year. Salaries. $2,298.30 2.39 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . . Premiums . . . . . Fines . . . . . Transfer fees Withdrawal profits Matured share certificate account . Personal accounts R ent . . . . . Cash on hand October, 1915 $237,549 00 4,500 132,895 19,547 2,480 52,997 2,672 912 3 1,784 11,000 34 28 4,687 00 00 00 97 80 90 84 75 37 00 05 00 09 $471,092 77 D isbu rsem ents . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans . . Share loans . . . . Mortgages . . . . . Real estate b y foreclosure Tem porary expense Forfeited share account M atured share certificate account . Personal accounts Dividend on matured share certificates . . . . . Cash on hand October, 1916 $81,761 15,960 12,556 6,840 249,264 19,865 2,200 47 3,449 551 28,600 58 00 00 90 00 04 00 00 11 20 91 00 11 1,035 48 48,904 02 Date of Issue. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay N ov. M av N ov. M ay 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 Series. Value per Share. 27 $198 00 28 186 29 29 174 94 30 163 92 31 153 22 32 142 83 33 132 75 34 122 96 35 113 46 36 104 23 37 95 27 38 86 57 39 78 13 40 69 93 41 61 97 42 54 24 43 46 74 44 39 46 45 32 39 46 25 52 47 18 85 48 12 38 49 6 10 Dues paid in advance . inForce. Total VaIue114 $22,572 00 124 23,099 96 125 21,867 50 214 35,078 88 266 40,756 52 182 25,995 06 225 29,868 75 456 56,069 76 368 41,753 28 305 31,790 15 380 36,202 60 512 44,323 84 671 52,425 23 684 47,832 12 988 61,226 36 1,107 60,043 68 1,466 68,520 84 1,316 51,929 36 1,854 60,051 06 1,737 44,328 24 2,004 37,775 40 2,289 28,337 82 3,137 19,135 70 1,420 00 $942,404 11 Dues capital Profits capital Unpaid dues $471,092 77 D ates of E x a m in a t io n and A ud it , April 2 4-M ay 4 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other Expenses. Total. $1,200.90 $3,499.20 1.25 3.64 $792,329 00 145,072 11 5,003 00 $942,404 11 169 BAN K COMMISSIONER. No. 8.] NEW BEDFORD CO-OPERATIVE BANK, NEW BEDFORD. 73 WILLIAM STREET. Incorporated July 11, 1881. Began business August 19, 1881. L ot B. B a te s , P r e sid e n t . C hakles L. F ish e r , T r e a su r e r . B. B a te s , C . L. F isher , W . B. G a rd ne r , E . P. H a sk in s , E . F. N icholson , O. S. P a in e , E. E. F. P otter , C . R . P rice , F rederic T a b e r , F. H . T a b e r , J. O. T hompson , Jr., B. A. T ripp , H . W . T ripp , S. F. W in sp e r . B o a r d o f D ir e c t o r s : L. S e c u r it y C om m itte e : C. R. P r ice , L. B. Bates, H . W. T ripp . Regular meetings for receipt of moneys the third Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Insurance and taxes paid Cash $873,334 35,200 1,799 182 24 21,122 74 00 63 82 63 82 Dues capital . . . . Profits capital . . . . 200 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Forfeited share account Dividend on matured share certifi cates . . . . . Advance interest $722,455 00 141,211 28 40,000 12,394 14,553 51 900 00 98 89 $931,664 64 $931,664 64 Membership. Shares. Issued during year Withdrawn during year M atured during year Shares now pledged Shares in force 00 40 85 22 . . 5,066 2,721 253 . 5,771 . 16,757 ificates 200 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . . 483 301 1,835 514 Profits Distributed. U nm atured Sh ar e s . First term, 2 % % ; second term, 2 % % . M atu red Sh ar e C ertificates . First term, 234%; second term, 2)4% . Proportion of profits retained on voluntary withdrawals, 5Q% of last dividend. Rates and Averages on Loans. 4 0 8 re a l estate lo a n s (average, $2,140.53 1 0 6 sh a re lo a n s (average, $332.07 each; each; average rate, 5.98%): 5)4% , $36,800; 6%, $836,534.74. average rate, 6% ); 5)4% , $125; 6%, $35,075. Total Expenses for Year. Salaries. Amount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $2,534.00 2 .7 2 Other Expenses. Total. $2,113.26 2.27 $4,647.26 4 .99 170 REPO RT OF THE R eceip ts a n d D isb u rsem en ts. R e c e ip t s . Dues capital . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Matured share certificate account . Taxes and insurance Profits capital . . . . Cash on hand October, 1915 $200,004 00 4,675 162,175 25,925 51,641 1,104 9 1,238 25,200 5 2 31,728 00 00 00 24 37 25 22 00 75 00 43 $503,708 26 D is b u r se m e n t s. Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans Interest . . . . . Tem porary expense . . . . Withdrawal profits Forfeited share account Matured share certificate account . Dividend on matured share certifi cates . . . . . Cash on hand October, 1916 $81,740 36,432 11,111 14,768 295,611 34,675 23 4,647 2 157 2,400 00 00 69 15 35 00 50 26 00 49 00 [Pub. Doc. R e c o n c ilia tio n o f Share A c c o u n t w it h Dues a n d P rofits C ap ital. Shares Date of Issue. Series. Value per Share. in Force. Total Value. Nov. 1904 48 $202 71 183 $37,095 93 M ay 1905 49 191 52 176 33,707 52 N ov. 1905 50 180 60 195 35,217 00 M ay 1906 51 169 92 251 42,649 92 Nov. 1906 52 204 159 53 32,544 12 M ay 1907 53 309 149 43 46,173 87 Nov. 1907 54 139 55 237 33,073 35 M ay 1908 55 195 129 93 25,336 35 N ov. 1908 233 56 28,085 82 120 54 M ay 1909 57 111 39 335 37,315 65 N ov. 1909 58 102 45 432 44,258 40 M ay 1910 59 93 77 487 45,665 99 N ov. 1910 60 85 32 454 38,735 28 61 M ay 1911 77 09 515 39,701 35 Nov. 1911 62 69 08 688 47,527 04 M ay 1912 61 31 63 610 37,399 10 Nov. 1912 64 53 71 399 21,430 29 M ay 1913 65 46 35 1,173 54,368 55 N ov. 1913 66 39 18 1,107 43,372 26 M ay 1914 67 32 20 1,268 40,829 60 Nov. 1914 68 25 41 1,153 29,297 73 M ay 1915 69 18 80 1,580 29,704 00 Nov. 1915 70 12 36 2,211 27,327 96 M ay 1916 71 6 10 2,362 14,408 20 Dues paid in advance . 1,434 00 $866,659 23 1,017 00 21,122 82 $503,708 26 Dues capital Profits capital Unpaid dues . $722,455 00 141,211 28 2,993 00 $866,559 28 D ates op E x a m in a t io n and A u d it , October 2-10 inclusive. NEWBURYPORT CO-OPERATIVE BANK, NEWBURYPORT. CORNER OF STATE AND ESSEX STREETS. Incorporated M arch 15, 1888. Began business April 9, 1888. W . H e r b e r t N o y e s , P r e s id e n t . G eorge E . St ic k n e y , T r e a su r e r . B o a r d o f D ir e c t o r s : W . D . A d a m s , S a m u e l B r o o k in g s , G. E . C o o p e r , C . E . H a l e , W. F. H o u s t o n , N. N. J o n e s , L . F. K e n t , H . W. L i t t l e , VV. H . N o y e s , H. A . P is t o r i u s , G. E .' S t i c k n e y . S e c u r i t y C om m itte e : W . H . N o y e s , N . N . J o n e s , W . F. H o u s t o n . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . Unpaid premiums Unpaid fines Permanent expense account Temporary expense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. . $557,700 2,575 448 1,339 70 122 200 189 13,079 00 00 36 50 70 09 00 08 06 $575,723 73 Dues capital . Profits capital Guaranty fund . Surplus . . Interest . . Premiums . . Fines . . Withdrawal profits . . . . . . . . . . . . . . . . . . $460,911 100,978 6,683 4,141 2,788 143 56 20 00 63 19 94 38 15 64 86 $575,723 79 No. 8.] BANK COMMISSIONER. Shares. 171 Membership. 1,218 488 347 3,037 8,787 Issued during year W ithdrawn during year Retired during year Shares now pledged Shares in force Added during year W ithdrawn during year Members Borrowers . 124 130 1,098 395 Profits Distributed. U nm atured Sh ar es. First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 7 years old; after 7 years, none. Rates and Averages on Loans. J fi5 r e a l estate lo a n s (average, $1,377.04 1% sh a re lo a n s (average, $214.58 each; each; average rate, 6.30% ): 6%o%. $557,700. average rate, 6.30%): 6%o%, $2,575. Total Expenses for Year. Salaries. $1,963.96 3.41 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. R Other Expenses. Total. $747.44 $2,711.40 1.30 4.71 Reconciliation of Share Account with Dues and Profits Capital. e c e ip t s . Dues capital Real estate loans eliminated b y foreclosure Real estate loans repaid Share loans repaid Real estate by foreclosure Interest . . . . Premiums . . . . Fines . . . . Transfer fees Withdrawal profits Profits capital Surplus . . . . Cash on hand October, 1915 $102,498 00 6,900 65,350 2,075 7,522 33,794 1,712 867 7 354 00 00 00 22 2S 65 12 25 44 39 105 15 1,517 86 $222,704 36 Disbursements. Dues capital withdrawn Dues capital retired Profits capital withdrawn Profits capital retired . Real estate loans Share loans . . . . Real estate by foreclosure Temporary expense Withdrawal profits Surplus . . . . . Cash on hand October, 1916 $30,556 45,876 7,316 18,794 94,450 1,575 7,899 2,711 100 346 13,079 00 00 21 72 00 00 73 40 00 24 06 $222,704 36 Date of Issue. Series. Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Total Value. $186 175 164 153 143 133 123 114 105 96 87 79 70 63 55 47 40 33 26 19 13 7 1 Dues paid in advance . 78 51 55 90 57 57 82 38 17 24 55 13 94 00 27 76 48 41 54 87 39 10 00 60 162 236 336 168 330 197 260 264 384 353 452 285 348 416 587 889 476 479 517 551 603 429 $11,206 28,432 38,833 51,710 24,119 44,078 24,392 29,738 27,764 36,956 30,905 35,766 20,217 21,924 22,992 28,035 35,986 15,903 12,712 10,272 7,377 4,281 429 80 62 80 40 76 10 54 80 88 16 15 76 90 00 32 12 72 16 66 79 89 30 00 203 00 $564,241 63 Dues capital Profits capital Unpaid dues $460,911 00 100,978 63 2,352 00 $564,241 63 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , November 28-Decem ber 4. 172 REPO RT OF THE [Pub. Doc. NEWTON CO-OPERATIVE BANK, NEWTON. 297 WALNUT STREET, NEWTONVILLE. Incorporated June 14, 1888. Ja m e s Began business September 4, 1888. W. F r e n c h , P r e s id e n t . J. C h e e v e r F u l l e r , T r e a s u r e r . B o a r d o f D ir e c t o r s : H . E . B o t h f e l d , C . It. B r o w n , T . B . F i t z p a t r i c k , W . M . F l a n d e r s , J. W . F r e n c h , S. W . F r e n c h , J. C. F u l l e r , F. J. H a l e , P. A. M c V i c a r , G. F. S im p s o n , A. R . W e e d , G. M . W e e d . S e c u r it y C om m itte e : C. R . B r o w n , W . M . F l a n d e r s , J. W . F r e n c h , P. A . M c V i c a r , J. C. F u l l e r , A. R. W e ed . Regular meetings for receipt of moneys the first Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . . . . Comm on form mortgages Real estate by foreclosure, etc. Temporary expense account C a s h .......................................... $933,700 14,505 4,750 684 761 32,754 00 00 00 65 63 56 Dues capital . Profits capital . Guaranty fund . Surplus . . Interest . . Fines . . Withdrawal profits . . . . . . . . . . . . . . . . . . $818,253 136,444 17,691 5,169 9,042 149 405 $987,155 84 $987,155 84 Shares. Issued during year Withdrawn during year Retired during year Matured during year Shares now pledged Shares in force . . Membership. . . • . 00 60 90 40 49 44 01 . 4,091 3,300 219 . 176 . 5,143 . 18,055 Added during year Withdrawn during year Members . . . . Borrowers . . . . . . . 318 291 1,840 497 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2>£%; second term, 2j^ % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on series from 5 to 8 years old; after 8 years, none. Rates and Averages on Loans. (average, $2,084.15 each; average rate, 5.33% ); 5%, $317,900; 5J^%, $612,000; 5yio%, $1,600; 6%, $2,200. 54 s h a r e lo a n s (average, $268.61 each; average rate, 5.45% ); 5%, $1,350; 5J£%, $13,155. 4 4 8 re a l estate lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $3,320.00 3.36 Other Expenses. Total. $2,277.27 $5,597.27 2 .31 5.67 No. 8.] BAN K COMMISSIONER Receipts and Disbursements. R Reconciliation of Share Account with Dues and Profits Capital. e c e ip t s . Dues capital . . . . Real estate loans eliminated by foreclosure . . . . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . . Fines . . . . . Withdrawal profits Taxes . . . . . Cash on hand October, 1915 $213,022 00 10,700 232,200 14,730 9,997 51,323 838 1,581 572 10,794 00 00 00 86 84 87 02 90 11 $545,760 60 D 173 is b u r se m e n t s. Dues capital withdrawn Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Tem porary expense T axes . . . . . Cash on hand October, 1916 $125,025 31,456 26,042 18,430 10,150 8,679 258,600 16,105 550 10,832 1,143 5,597 393 32,754 00 00 00 50 74 52 00 00 00 51 92 27 58 56 Date of Issue. Series. p i f a r e . hForœ. Total Value' Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 $195 185 175 165 155 146 137 128 119 110 102 93 85 77 70 62 55 47 40 34 27 20 14 8 2 82 46 35 46 79 33 07 03 21 58 11 84 74 83 12 56 18 96 90 01 29 73 33 09 00 25 $4,895 50 183 33,939 18 254 44,538 90 52,781 74 319 262 40,816 98 357 52,239 81 215 29,470 05 460 58,893 80 438 52,213 98 258 28,529 64 397 40,537 67 44,949 36 479 582 49,900 68 921 71,681 43 644 45,157 28 36,472 48 583 695 38,350 10 43,020 12 897 914 37,382 60 40,812 00 1,200 1,204 1 32,857 16 37,811 52 1,824 1,664 23,845 12 15,775 50 1,950 2,660 00 1,330 1,219 00 Dues paid in advance . $960,751 60 $545,760 60 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $818,253 00 136,444 60 6,054 00 $960,751 60 D ates of E x a m in a t io n and A u d it , April 13-22 inclusive. NEWTON SOUTH CO-OPERATIVE BANK, NEWTON. 1153 WALNUT STREET (NEWTON HIGHLANDS). Incorporated July 8, 1913. C larence S. L u i t w i e l e r , P r e sid e n t . Began business September 18, 1913. F r e d e r ic k W . C o b b , T r e a su r e r . B o a r d o f D ir e c t o r s : R . F. A l v o r d , D . A . A m b r o s e , G. W . B a r k e r , J. M . B e c k , F. P . B u r n h a m , C. A. C h a d w i c k , F. W . C o b b , W. J. C o z e n s , E. S. D r o w n e , J. A . G o u l d , A. L. H a r w o o d , Jr., C . S. L u i t w e i l e r , J. E . P a r k e r , G. W . P r a t t , F. L. R ic h a r d s o n , T . J . S u l l i v a n , G. W . T h o m p s o n , J. T . W e b s t e r , J a m e s W i l l i n g . S e c u r i t y C o m m itte e : R . F. A l v o r d , J. M . B e c k , J. A . G o u l d , G. W . T h o m p s o n , W. J. C o z e n s . Regular meetings for receipt of moneys the third Thursday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 174 REPO RT OF TH E [Pub. Doc. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. $89,100 2,030 8 77 3,030 Loans on real estate Loans on shares . Unpaid fines Temporary expense account Cash . . . . 00 00 31 15 27 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Transfer fees . . . Withdrawal profits Forfeited share account Personal accounts $86,975 5,082 301 491 860 00 88 65 62 25 25 28 08 406 00 100 00 . . . . . . $94,245 73 $94,245 73 Shares. Membership. Issued during year Withdrawn during year Shares now pledged Shares in force . . 1,163 233 559 3,712 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . 108 35 448 48 . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2J^%; second term, Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; 10% on series from 6 to 8 years old; after 8 years, none. Rates and Averages on Loans. 3 7 re a l estate lo a n s (average, $2,408.10 1 1 sh a re lo a n s (average, $184.54 each; each; average rate, 6% ); 6%, $89,100. average rate, 6% ): 6%, $2,030. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . . . Receipts and Disbursements. R . . . . . . $39,244 4,050 510 4,580 127 . 7,268 00 00 00 43 25 50 51 00 02 63 21 D is b u r se m e n t s. Dues capital withdrawn Profits capital withdrawn Real estate loans . . . Share loans . . . . Tem porary expense Forfeited share account Personal accounts Surplus . . . . . Cash on hand October, 1916 $4,248 195 45,700 1,960 410 304 14 00 74 00 00 89 00 02 63 3,030 27 Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1913 1914 1914 1915 1915 1916 1916 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , 1 2 3 4 5 6 7 $40 33 27 20 14 8 2 Dues paid in advance . Total. $590.89 6.27 77 96 28 73 33 09 00 1,142 548 324 354 337 679 328 Total Value. $46,559 18,610 8,838 7,338 4,829 5,493 656 34 08 72 42 21 11 00 746 00 $93,070 88 Dues capital Profits capital Unpaid dues $55,863 55 E x a m in a t io n Shares Date of Issue. Series. $55,863 55 op Other Expenses. $440.89 4.68 Reconciliation of Share Account with Dues and Profits Capital. 48 20 14 \ ates Salaries. $150.00 1.59 e c e ip t s . Dues capital . . . Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees . . . Withdrawal profits Tem porary expense Personal accounts Profits capital . . . Cash on hand October, 1915 D . November 1 ,2 . $86,975 00 5,082 88 1,013 00 $93,070 88 No. 8. BANK COMMISSIONER. 175 NODDLE ISLAND CO-OPERATIVE BANK, BOSTON. 272 MERIDIAN STREET (EAST BOSTON DISTRICT). Incorporated February 23, 1911. Began business M arch 4, 1911. A. D u d l e y B a g l e y , P r e s id e n t . J a m e s H . C l i n e , T r e a su r e r . B o a r d o f D ir e c t o r s : A . D . B a g l e y , E . C . R . B a g l e y , J. H . B e n n e t t , M . J. C a s h m a n , A. S. C a s s i d y , J. H . C l i n e , J. H. C o a k l e y , C . VV. C r o c k e r , C . J. D o n o h u e , \V. H . H. E m m o n s , F. S. F e r r e ir a , F. W . F i n n , J. W . F it c h , J. J. F l a h e r t y , D . J. L e a h y , J. S. M u r r a y , A. J. P o r t e r , A J. L. R a u s c h , C . A . R o l l i n s , C . A s S a w y e r , G . W . S h e r i d a n , A . L. T a l l m a n , E . R . T a y l o r , J. W. V eader. S e c u r it y C om m itte e : A. D . B a g l e y , A . S. C a s s i d y , J. S. M urray. Regular meetings for receipt of moneys the second W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Tem porary expense account Cash . $63,300 6,746 6 3,405 00 Dues capital 00 Profits capital 98 • Guaranty fund . 69 Surplus Interest Fines Withdrawal profits Forfeited share account Personal accounts Security committee $63,905 7,929 445 337 646 14 12 131 16 19 $73,458 67 $73,458 67 Shares. Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . Membership. . . . . . . . . 00 40 62 72 55 17 00 98 73 50 . . . . . . . 509 315 23 554 1,877 A dded during year Withdrawn during year Members . . . Borrowers . . . . • . . . 57 47 265 75 Profits Distributed. U n m a t u r e d Sh a r e s . First term, lJ-2 % ; second term, I Y ± % \ third term, 1 H % : fourth term, 1 Y % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; 15% on series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none. Rates and Averages on Loans. 43 r e a l estate lo a n s (average, $1,472.09 each; average rate, 6% ): 6%, $63,300. S S s h a r e lo a n s (average, $210.81 each; average rate, 6% ): 6%, $6,746. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $125.00 1.70 Other Expenses. $108.37 1.47 Total. $233.37 3.17 176 [Pub. Doc. REPO RT OF TH E Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Profits capital . . Forfeited share account Personal accounts Surplus . . . . Security committee Cash on hand October, 1915 $21,857 4,100 2,554 3,898 119 1 243 502 13 48 37 3,454 00 00 00 80 50 00 92 02 65 48 91 00 55 $36,830 83 D IS B U R S E M E NTS. $8,488 463 977 51 16,396 6,320 6 20 233 452 00 00 20 15 77 00 50 93 37 31 91 15 00 3,405 69 Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans W ithdrawal profits Interest . . . . Temporary expense Forfeited share account Surplus . . . . Security committee Cash on hand October, 1916 $36,830 83 Date of Issue. Series. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. 1911 1 1911 2 1911 3 1911 4 1912 5 6 1912 1912 • 7 1912 8 1913 9 1913 10 1913 11 12 1913 13 1914 1914 14 1914 15 1914 16 1915 17 18 1915 1915 19 1915 20 21 1916 1916 22 1916 23 * $80 76 72 68 64 60 56 52 48 45 41 37 34 30 27 24 20 17 14 11 8 5 2 23 13 03 01 04 15 32 53 80 13 52 94 42 94 55 19 88 61 40 23 11 03 00 Total Value. 315 46 17 38 54 32 50 22 62 74 132 35 84 95 75 66 68 82 92 142 151 80 65 $25,272 3,501 1,224 2,584 3,458 1,924 2,816 1,155 3,025 3,339 5,480 1,327 2,891 2,939 2,066 1,596 1,419 1,444 1,324 1,594 1,224 402 130 45 98 51 38 16 80 00 66 60 62 64 90 28 30 25 54 84 02 80 66 61 40 00 160 00 Dues paid in advance . $72,305 40 $63,905 00 7,929 40 471 00 Dues capital Profits capital Unpaid dues $72,305 40 D ates of E x a m in a t io n and A u d it , September 11-14 inclusive. NORTH ABINGTON CO-OPERATIVE BANK, NORTH ABINGTON. 183 NORTH AVENUE. Incorporated M arch 23, 1888. W il l ia m C . B b e t t , P r e s id e n t . B o a r d o f D ir e c t o r s : E . P. B o y n t o n , E . H. N a y l o r , G. W. O r c u t t , T urner. S e c u r it y C om m itte e : Began business April 4, 1888. F r e d e r ic k E. R e e d , T r e a s u r e r . E . W . C a l k i n s , D . R . C o u g h l a n , J. M . H a y e s , A . L. M e r r i l l , J. A . R a d c l i f f e , A . I. R a n d a l l , A . B. R e e d , F. E . S h a w , S. N. E . W . C a l k i n s , J. A . R a d c l i f f e , S. N. T u r n e r . Regular meetings for receipt of moneys the first Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Bonds and notes Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid fines Temporary expense account Personal accounts Insurance and taxes paid Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $7,000 629,475 14,540 13,749 229 72 1,600 163 58,235 00 00 00 47 91 46 24 86 31 $725,066 25 Dues capital Profits capital Guaranty fund . Surplus Interest Premiums . Transfer fees Withdrawal profits Suspense account . $570,626 132,088 8,418 13,429 410 20 00 05 44 12 60 50 50 71 50 1 54 $725,066 25 177 BANK COMMISSIONER. No. 8.] Membership. Shares. 2,266 1,327 76 238 3,579 11,290 Issued during year Withdrawn during year Forfeited during year . M atured during year Shares now pledged Shares in force A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . . 271 209 1,455 495 Profits Distributed. U nm atured Sh ar es. First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; after 4 years, none. Rates and Averages on Loans. 4 9 1 r e a l estate lo a n s (average, $1,282.02 each; average rate, 6.30%): (rY io % , $629,475. 5 4 s h a re lo a n s (average, $269.25 each; average rate, 6.30%): 6%o%, $14,540. Total Expenses for Year. Am ount paid for . . Cost per $1,000 of assets . . . . . . . . . . Receipts and Disbursements. . . Salaries. $1,548.00 2.13 Total. $2,859.38 3.94 | Reconciliation of Share Account with Dues and Profits Capital. R eceipts . . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated by m aturity of shares . Real estate loans repaid Share loans repaid Bonds and notes Real estate b y foreclosure Interest . . . . Premiums . . . . Fines . . . . Transfer fees Withdrawal profits Profits capital Tem porary expense Forfeited share account Guaranty fund . Suspense account Surplus . . . . Personal accounts Insurance and taxes Security committee Cash on hand October, 1915 Other Expenses. $1,311.38 1.81 $130,663 00 8,400 00 7,400 112,000 IS,060 1,000 399 39,578 1,973 1,538 6 448 3 17 1,939 56 51 1 11,776 36 8 33,438 00 00 00 00 60 48 40 41 25 95 70 84 82 19 61 36 03 71 00 11 $ 3 8 8 ,7 9 7 46 $53,861 1,635 33,312 11,322 524 14,275 149,900 17,500 9,628 238 2,877 1,939 19 59 13,376 84 8 58,235 00 00 00 96 23 24 00 00 12 70 22 82 06 89 27 64 00 31 $ 3 6 8 ,7 9 7 46 Date of Issue. Series. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Value $198 187 175 164 154 143 133 123 114 105 96 87 79 70 62 55 47 40 33 26 19 13 7 1 Dues paid in advance . 98 29 94 92 22 83 75 96 46 23 27 57 13 93 97 24 74 46 39 52 85 38 10 00 _ Shares 110 272 256 293 225 234 253 215 487 373 390 361 367 333 468 441 695 663 741 616 909 1,056 997 535 Total Value. $21,887 50,942 45,040 48,321 34,699 33,656 33,838 26,651 55,742 39,250 37,545 31,612 29,040 23,619 29,469 24,360 33,179 26,824 24,741 16,336 18,043 14,129 7,078 535 SO 88 64 56 50 22 75 40 02 79 30 77 71 69 96 84 30 98 99 32 65 28 70 00 594 00 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Temporary expense Forfeited share account Suspense account Surplus . . . . Personal accounts Insurance and taxes Security committee Cash on hand October, 1916 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , $ 7 0 7 ,1 4 4 0 5 Dues capital Profits capital Unpaid dues April 18-25 inclusive. $570,626 00 132,088 05 4,430 00 $ 7 0 7 ,1 4 4 0 5 . 178 REPO RT OF THE [Pub. Doc. NORTHAMPTON CO-OPERATIVE BANK, NORTHAMPTON. 25 MAIN STREET. Incorporated M ay 21, 1889. Began business M ay 24, 1889. L. L. C a m p b e l l , P r e sid e n t . H . R . G r a v e s , T r e a su r e r . B o a r d o f D ir e c t o r s : C. K . G r a v e s , W o o d , Jr. „ L. L. C a m p b e l l , F. L. C l a p p , W. M . C o c h r a n , W . N . D o a n e , L. Z. D r a g o n , H. R . G r a v e s , H .B . H a v e n , R . W . I r w i n , A . M . L o c k e , J. W. O ’B r i e n , E. E. • S e c u r it y C om m ittee: J. W . O ’B r i e n , A . M . L o c k e , L. L. C a m p b e l l , W . N . D o a n e , H. R . G r a v e s . Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Comm on form mortgages Real estate by foreclosure, etc. Temporary expense account Cash . . . . Liabilities. . $1,203,050 33,750 2,200 1,713 2,026 55,577 00 00 00 08 68 44 Dues capital . Profits capital 305 matured shares represented by certificates Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits Forfeiture profits Forfeited share account Matured share account $972,775 00 156,664 32 61,000 14,888 30,502 31,785 195 3 314 1 20 30,165 $1,298,317 20 00 97 83 37 86 50 99 36 00 00 $1,298,317 20 Shares. Membership. Issued during year . . . . 4,984 W ithdrawn during year . . . 2,817 Forfeited during year . . . . 1 1 Matured during year . . . . 355 Shares now pledged . . . . 7,621 Shares in force . . . . . 21,051 Matured shares represented by certificates 305 A dded during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 476 230 2,476 739 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2 % % ; second term, 2 % % . M atured First term, S h a r e C e r t if ic a t e s . second term, 2Jri%- Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; after 4 years, none. Rates and Averages on Loans. 6 0 4 real estate lo a n s (average, $1,991.80 1 3 6 sh a re lo a n s (average, $248.16 each; each; average rate, 6% ): 6%, $1,203,050. average rate, 6% ): 6%, $33,750. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $2,774.00 .......................................... 2.14 Other Expenses. $1,416.69 1.09 Total. $4,190.69 3 .23 BAN K COMMISSIONER, No. 8.] 179 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans eliminated b y foreclosure Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . Fines . . . . Transfer fees W ithdrawal profits Forfeited profits . Tem porary expense Forfeited share account Matured share account M atured share certificate account . Personal accounts Surplus . . . . Cash on hand October, 1915 $253,087 00 1,300 261,150 24,610 500 1,321 72,121 1,801 6 588 1 6 20 71,432 7,400 35 75 21,973 00 00 00 00 35 40 04 50 93 36 10 00 35 00 80 60 56 $717,430 99 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits càpital matured Real estate loans Share loans . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Forfeited share account Matured share account Matured share certificate account . Interest on matured share account Dividend on matured share certifi cates . . . . . Cash on hand October, 1916 $107,014 20 50,765 16,525 1 19,053 376,700 25,665 1,651 1,574 3,845 75 53,195 3,000 40 00 00 00 71 36 03 00 00 04 45 17 60 54 00 07 Date of Issue. Series. pS are. ¡ Ä r c e . Total Value. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay N ov. M ay N ov. M ay Nov. M ay 68 94 48 28 35 70 32 18 28 62 19 99 01 25 68 33 16 19 40 79 36 10 00 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 $186 175 165 155 145 135 126 117 108 99 91 82 75 67 59 52 45 38 31 24 18 12 6 $49,096 33,780 44,679 23,136 55,233 . 58,758 65,560 53,902 68,866 66,944 64,380 48,798 59,107 56,019 74,062 61,801 48,592 44,605 45,624 36,887 33,378 26,099 15,480 263 192 270 149 380 433 519 460 636 672 706 588 788 833 1,241 1,181 1,076 1,168 1,453 1,488 1,818 2,157 2,580 84 48 60 72 00 10 08 80 08 64 14 12 88 25 88 73 16 92 20 52 48 70 00 1,201 00 Dues paid in advance . $1,135,997 32 $972,775 00 156,664 32 6,558 00 Dues capital Profits capital Unpaid dues $1,135,997 32 2,727 58 55,577 44 $717,430 99 D ates of E x a m in a t io n and A u d it , M ay 17-23 inclusive. NORTH CAMBRIDGE CO-OPERATIVE BANK, CAMBRIDGE. 2360 MASSACHUSETTS AVENUE. Incorporated June 27, 1912. L ou is J. R e y n o l d s , P r e sid e n t . Began business July 9, 1912. E d w a r d G r i f f i n , T r e a su r e r . B o a r d o f D ir e c t o r s : S. P. B o w e n , J. W. C o n n o r , L. D o n a l d s o n , A. S. D o w l i n g , O. C . F r a n c is , C h a r l e s G o o d r o w , I s id o r e G o t t e s m a n , E d w a r d G r i f f i n , J. H. H a r r i n g t o n , J. D . L y n c h , J. D . L y n c h , J r., J o h n M c K e n z i e , C. O . M a s o n , F. X . M a s s e , E . W . Q u i n n , R . H. R a m s d e l l , L . J. R e y n o l d s , W. I. S c a m m o n , S. W . T i b b e t t s , C h a r l e s T h i b o d e a u , F . E . V i a n o , J o h n V ia n o , G . L . W e h r le . S e c u r it y C om m itte e : O . C. F r a n c is , J. W . C o n n o r , t\ E . V ia n o , J. D . L y n c h , Jr., J o h n M c K e n z ie . Regular meetings for receipt of moneys the second Tuesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 180 REPO RT OF THE [Pub. Doc. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Unpaid fines Permanent expense account Temporary expense account Cash . . $141,250 7,780 49 350 63 1,049 00 00 94 00 21 19 Dues capital Profits capital Guaranty fund . Surplus Interest Withdrawal profits Forfeited share account . $137,144 11,909 576 250 556 43 62 $150,542 34 $150,542 34 Shares. Issued during year . W ithdrawn during year Forfeited during year . Shares now pledged . Shares in force . . 00 34 62 44 11 83 00 Membership. . . . . . . . . . . . . . . . 2,209 829 15 1,135 5,602 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . / . . 227 126 633 97 Profits Distributed. U nm atured Sh ar es. First term, 1% % ; second term, 1 % % ; third te r m , fourth term, ! % % • Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 55 re a l estate lo a n s (average, $2,568.18 each; average rate, 6% ); 6%, 4® s h a re lo a n s (average, $185.23 each; average rate, 6% ): 6%, $7,780. $111,250. Total Expenses for Year. Salaries. $539.71 3.59 Amount paid for . Cost per $1,000 of assets > Receipts and Disbursements. $59,799 7,800 4,765 7,641 235 237 77 6,756 00 00 00 82 35 84 00 24 $87,312 25 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . Temporary expense Permanent expense Forfeited share account Cash on hand October, 1916 . Total. $921.27 6.12 Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Withdrawal profits Forfeited share account Cash on hand October, 1915 Other Expenses. $381.56 2 .5 3 $13,615 67 , 938 11 62,600 8,040 774 201 15 1,049 00 00 43 36 00 00 91 36 00 19 Date of Issue. Series. July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Value per Share. inForce. Total Value. $58 57 690 $40,413 30 54 81 116 6,357 96 51 09 286 14,611 74 47 41 137 6,495 17 43 79 309 13,531 11 235 9,451 70 40 22 36 70 250 9,175 00 33 22 120 3,986 40 289 8,612 20 29 80 144 3,804 48 26 42 23 09 245 5,657 05 381 7,543 80 19 80 16 56 337 5,580 72 323 4,315 28 13 36 510 5,207 10 10 21 529 3,755 90 7 10 381 1,535 43 4 03 1 00 320 320 00 Dues paid in advance . 253 00 $150,607 34 $87,312 25 Dues capital Profits capital Unpaid dues $137,144 00 11,909 34 1,554 00 $150,607 34 D ates ofr E x a m i n a t i o n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , June 12-14 inclusive. 181 BANK COMMISSIONER. No. 8. NORTH DIGHTON CO-OPERATIVE BANK, NORTH DIGHTON. LINCOLN AVENUE. Incorporated April 14, 1890. Began business April 21, 1890. J o h n P . D a r y , P r e sid e n t . D w i g h t F . L a n e , T r e a su r e r . B o a r d o f D ir e c t o r s : A . G . B o s w o r t h , A l e x a n d e r C h is h o l m , S . N . C o d d in g , E . T . C o c k e r , D a n i e l C r o t t y , J. F . D r is c o l l , J. H. G o f f , C . F. I n g a l l s , E. E. L i n c o l n , J. H . N o r r is , W . J. R e e d , H. B . S e c k e l l , F r a n k S m i t h , C . H . W a l k e r , W . L . W h i t e . S e c u r it y C om m itte e : C. F. I n g a l l s , E . E . L i n c o l n , C . F. B r o w n e l l . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . Temporary expense account Passbook account Cash . . . . $152,100 2,170 1,400 370 344 11 12,878 00 00 01 06 75 60 37 Dues capital . . . . Profits capital . . . . 34 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . Fines . . . . . 6,800 2,172 2,677 4,817 113 00 33 15 01 75 $169,274 79 $169,274 79 Shares. Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force $133,988 00 18,706 55 Membership. . Lficates 856 424 8 23 911 3,198 34 A dded during year W ithdrawn during year Members . . . . Borrowers . . . 60 27 369 116 . . . . Profits Distributed. U n m a t u r e d Sh a r e s . One term, 5%. M atured S h a r e C e r t if ic a t e s . One dividend at the rate of 5% per annum. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 1 0 5 r e a l estate lo a n s (average, $1,448.57 1 5 sh a re lo a n s (average, $144.66 each; each; average rate, 5.30% ): 5%o%, $152,100. average rate, 5.30% ); 5%o%. 82,170. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $500.00 2 .9 5 Other Expenses. $138.06 .82 Total. $638.06 3 .77 182 REPO RT OF THE Receipts and Disbursements. [Pub. Doc, Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Tem porary expense M atured share certificate account . Passbook account Cash on hand October, 1915 $36,178 00 1,500 00 2,000 25,575 2,700 12 8,063 203 15 2,200 6 4,611 00 00 00 00 63 76 19 00 00 11 $83,064 69 Date of Issue. Series. April April April April April April April April April April April April 1905 1906 1907 1908 1909 1910 1911 1912 1913 1914 1915 1916 16 17 18 19 20 21 22 23 24 25 26 27 Value Shares Total Value. per Share. in Force. $183 12 59 $10,804 08 162 83 58 9,444 14 143 53 97 13,922 41 125 14 83 10,386 62 107 62 166 17,864 92 90 95 168 15,279 60 75 13 222 16,678 86 60 14 209 12,569 26 45 87 365 16,742 55 32 28 426 13,751 28 19 33 551 10,650 83 7 00 794 5,558 00 Dues paid in advance . 148 00 $153,800 55 D is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Fines Real estate b y foreclosure Interest Tem porary expense Matured share certificate account Cash on hand October, 1916 $16,844 224 3,358 2,322 22 1,228 41,075 2,800 1,412 18 653 227 12,878 00 00 00 20 96 20 00 00 34 01 86 25 50 37 Dues capital Profits capital Unpaid dues $83,064 69 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , June 19-22 inclusive. . $133,988 00 18,706 55 1,106 00 $153,800 55 No. 8.] BANK COMMISSIONER. 183 NORTH DORCHESTER CO-OPERATIVE BANK, BOSTON. 39 SAVIN HILL AVENUE (DORCHESTER DISTRICT). Incorporated July 20, 1907. P eter Began business August 20, 1907. F. H a n l e y , P r e sid e n t. D a n ie l J. D a l y , T r e a su r e r . J. J. B r o d e r ic k , W . R . C o n n o l l y , M . H . C r o w l e y , D . J. D a l y , J. M . D o n o v a n , F r a n k D r is c o l l , M . J. D r is c o l l , E d w a r d F o r d , P. F . H a n l e y , J. L . H a r t y , C . J. L a v is , J. F. M o r r i s s e y , F . X . M o r it z , W i l l i a m M u r p h y , J. E . S u l l i v a n . B o a r d o f D i r e c to r s : i S e c u r i t y C o m m itte e : P. F. H a n l e y , J. J. B r o d e r ic k , M . J. D r is c o l l . Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . Unpaid fines Permanent expense account . . . . Cash Liabilities. . $202,500 11,335 1,477 418 53 152 23,856 00 00 44 21 76 49 36 Dues capital Profits capital Guaranty fund . Surplus . . . . Forfeited share account Suspense account . $239,793 26 00 64 16 22 00 24 $239,793 26 Membership. Shares. Issued during year Withdrawn during year Forfeited during year Shares now pledged Shares in force $206,827 30,156 1,489 1,255 50 15 . 957 801 60 1,438 4,954 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 88 96 497 117 Profits Distributed. U n m a t u r e d Sh a r e s. First term, 1M%! second term, l % % \ third term, 1M%; fourth term, 1M%- Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 20% on series from 4 to 6 years old; 10% on series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none. Rates and Averages on Loans. 7 3 re a l estate lo a n s (average, $2,773.97 each; average rate, 5.49%): 5%, $15,000; 5J^%, $173,000; 6%, $14,500. 44 s h a re lo a n s (average, $257.61 each; average rate, 5.98%): 5J^%, $400; 6%, $10,935. Total Expenses for Year. Amount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $500.00 2 .08 Other Expenses. $235.77 .98 Total. $735.77 3.06 [Pub. Doc, REPO RT OF THE 184 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. KECEIPTS. Dues capital . . . Real estate loans repaid Share loans repaid Interest . . . . Pines . . . . Transfer fees . . . Withdrawal profits Ferfeited profits . . . Forfeited share account Cash on hand October, 1915 $60,176 13,700 5,370 11,515 461 1 349 25 1,254 8,221 . . . . . 00 00 00 04 17 75 11 80 50 79 $101,075 16 D isbuksements . $20,374 1,200 2,053 103 43,000 8,520 1 7 8 735 1,204 9 00 00 36 80 00 00 30 50 71 77 50 04 82 23,856 36 Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Fines . . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Forfeited share account Surplus . . . . . Suspense account Cash on hand October, 1916 $101,075 16 Value Date of Issue. Series. Shares Total Value. * Aug. Nov. Feb. Ma y Aug. Feb. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. 1907 1907 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 $140 135 131 126 122 113 109 104 100 96 92 35 82 28 82 25 48 08 73 57 38 23 88 14 84 08 121 95 114 32 30 45 56 49 29 76 99 62 53 80 06 58 76 08 72 15 68 27 64 44 60 66 56 91 53 22 49 59 45 98 42 42 38 91 35 44 32 01 28 63 25 29 21 99 18 73 15 51 12 33 9 19 6 09 3 03 110 50 127 174 168 165 136 102 222 67 198 326 317 121 173 265 279 207 298 281 89 160 Dues paid in advance . $16,982 12,902 14,965 4.058 3,667 5,106 6,108 5,131 2,916 7,324 9,130 5.464 4,456 4,643 8,368 3,607 8,670 11,212 10,190 9,390 7,237 5.058 10,207 2,842 7,704 11,553 10,147 3.464 4,375 5,827 5,225 3,210 3,674 2,582 542 484 35 90 92 24 50 60 48 77 53 88 77 68 24 48 80 50 29 56 88 15 92 18 56 14 18 44 17 23 17 35 67 57 34 39 01 80 146 00 $238,583 64 Dues capital Profits capital Unpaid dues $206,827 00 30,156 64 1,600 00 $238,583 64 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , ( January 7-10 inclusive. No. 8.] BANK COMMISSIONER. 185 NORTH EASTON CO-OPERATIVE BANK, NORTH EASTON. 22 CENTRE STREET. Incorporated April 23, 1889. Began business April 23, 1889. L. B. C b o c k e t t , P r e sid e n t . "Wil l ia m H. C l e m e n t s , T r e a s u r e r . W. H . C l e m e n t s , F. L. C b o c k e t t , L. B . C b o c k e t t , C o n . D a il e y , G . H . D e W it t , W . N. H o w a b d , T . F . L a d d , S a n d e b L a b s o n , F b e d e b ic k P o e t e b , A. B . S l a d e n , J. M . S m it h , W . A . S m it h , E. P . S p o o n e b , H . F. T h a y e b . B o a r d o f D ir e c t o r s : J o h n B a l d w in , S e c u r it y C om m ittee: G. H . D e W it t , A. B. S l a d e n , L. B. C b o c k e t t . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Permanent expense account Cash . . . . . $286,450 5,360 1,575 105 50 19,407 00 00 00 96 00 42 Dues capital . . . . Profits capital . . . . 57 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . $312,948 38 Shares. 11,400 00 4,956 71 3,736 93 $312,948 38 Membership. - Issued during year Withdrawn during year Forfeited during year . Retired during year Matured during year Shares now pledged Shares in force Matured shares represented by certificates $240,327 00 52,527 74 1,269 631 11 50 87 1,571 5,229 57 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 61 35 587 224 . . Profits Distributed. U n m a t u k e d Sh a e e s . First term, 3%; second term, 3%. M a t u r e d S h a b e C e b t if ic a t e s . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 3 1 8 r e a l estate lo a n s (average, $1,344.83 8 3 s h a re lo a n s (average, $233.04 each; each; average rate, 6% ): 6%, $286,450. average rate, 6% ): 6%, $5,360. Total Expenses for Year. Amount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $786.97 2.51 Other Expenses. $512.92 1.63 Total. $1,299.89 4 .1 4 186 REPO RT OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . Real estate loans eliminated by foreclosure . . Real estate loans eliminated by maturity of shares Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Forfeited share account Retired share account . Matured share account Matured share certificate account . Personal accounts Surplus . . . . Cash on hand October, 1915 . $61,251 00 1,200 00 2,000 37,950 4,553 1,150 17,195 669 3 360 4 56 9,666 17,491 6,800 10 139 11,185 00 00 00 00 78 87 00 68 89 10 10 26 00 00 91 65 $171,687 24 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest Temporary expense Permanent expense Forfeited share account Retired share account . Matured share account Matured share certificate account Personal accounts Guaranty fund . Cash on hand October, 1916 [Pub. Doc. $26,986 211 6,785 12,102 4,636 19 2,651 5,302 58,300 4,520 1,161 701 1,241 108 56 9,666 17,491 200 10 129 19,407 00 00 00 00 35 55 70 26 00 00 30 40 12 77 10 10 26 00 00 91 42 Shares Date of Issue. Series. Value per Share. in Force. Total Value. April 1905 33 $199 95 24 $4,798 80 Oct. 1905 34 188 21 73 13,739 33 April 1906 35 176 80 89 15,735 20 Oct. 1906 36 165 72 85 14,086 20 April 1907 37 154 97 118 18,286 46 Oct. 1907 38 144 55 93 13,443 15 April 1908 39 134 41 124 16,666 84 Oct. 1908 40 124 58 126 15,697 08 April 1909 41 115 04 124 14,264 96 Oct. 1909 42 105 77 159 16,817 43 April 1910 43 96 77 104 10,064 08 Oct. 1910 44 88 03 157 13,820 71 April 1911 45 79 53 185 14,713 05 Oct. 1911 46 71 29 233 16,610 57 April 1912 47 63 29 288 18,227 52 Oct. 1912 48 55 52 191 10,604 32 M ay 1913 49 46 75 266 12,435 50 Nov. 1913 50 39 47 248 9,788 56 M ay 1914 51 32 39 532 17,231 48 Nov. 1914 52 25 52 329 8,396 08 M ay 1915 53 18 86 468 8,826 48 N ov. 1915 12 39 54 516 6,393 24 M ay 1916 55 6 10 697 4,251 70 Dues paid in advance . 80 00 $294,978 74 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $240,327 00 52,527 74 2,124 00 $294,978 74 $171,687 24 D a t e s of E x a m in a t io n a n d A u d it , October 9-13 inclusive. NORTH WEYMOUTH CO-OPERATIVE BANK, NORTH WEYMOUTH. 48 SEA STREET. Incorporated September 26, 1910. Began business October 1, 1910. G e o r g e A . W a l k e r , P r e sid e n t . E d w in R . Sa m ps o n , T r e a su r e r . A . H. A l d e n , A . W . B a r t l e t t , T . R . B l a n c h a r d , J. W. C o l g a n , W. P. D b n b r o e d e r , P. J. D e r r ig , S. G. D u n b a r , S olo m on F o r d , J. P. H o l b r o o k , W . J. H o l b r o o k , E . H. K a v a n a g h , P. K . N is b e t , E . R . Sa m ps o n , W . T . S e a b u r y , J. H . T o w e r , G. A . W a l k e r , R . H . W h it in g , W . H. W il d e . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : S. G . D u n b a r , A. H. A l d e n , R . H. W h it in g . Regular meetings for receipt of moneys the first Saturday of each m onth. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER, 187 STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. . Loans on real estate Loans on shares . Permanent expense account Cash . . . . $152,500 2,530 130 9,479 00 00 76 16 Dues capital . Profits capital . Guaranty fund . Surplus . . . . . . . . . . . . . . $143,772 18,810 1,182 875 $164,639 92 00 44 11 37 $164,639 92 Shares. Membership. . Issued during year Withdrawn during year Forfeited during year . Shares now pledged Shares in force . 1,269 396 57 906 3,981 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . 140 62 451 97 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2 % % ; second term, 2% % Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; after 4 years, none. Rates and Averages on Loans. 8 9 re a l estate lo a n s (average, $1,713.48 each; average rate, 6% ): 6%, 1 0 s h a re lo a n s (average, $253 each; average rate, 6% ); 6%, $2,530. $152,500. Total Expenses for Year. Salaries. $283.32 1.72 Amount paid for . Cost per $1,000 of assets R e c e ip t s . . . . . . • . . . . . $47,051 00 10,400 00 520 00 8,480 81 230 28 1 50 91 09 72 55 60 00 3,896 52 $70,803 75 • D $8,455 1,214 640 127 47,600 2,325 482 105 374 9,479 00 00 30 35 00 00 25 76 93 16 $70,803 75 D ate of Date of Issue. Series. Oct. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1 2 3 4 5 6 7 8 9 10 11 12 Value Shares Total Value. per Share. in Force. 541 $46,828 96 $86 56 23,586 48 77 08 306 179 12,376 06 69 14 12,272 00 61 36 200 14,466 82 53 78 269 10,486 40 226 46 40 225 8,824 50 39 22 346 11,151 58 32 23 6,789 81 267 25 43 305 5,737 05 18 81 12 37 704 8,708 48 413 2,519,¿30 6 10 is b u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans Temporary expense Permanent expense Forfeited share account Cash on hand October, 1916 E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , Total. $522.25 3.17 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital . . . Real estate loans repaid . . . Share loans repaid Interest . . . . Fines . . . . Transfer fees . . . Withdrawal profits . . Forfeited profits . . . Tem porary expense . . Cash on hand October, 1915 Other Expenses. $238.93 1.45 July 20. Dues paid in advance .. 297 00 $164,044 44 Dues capital Profits capital Unpaid dues $143,772 00 18,810 44 1,462 00 $164,044 44 188 REPO RT OF THE [Pub. Doc. NORWOOD CO-OPERATIVE BANK, NORWOOD. 767 WASHINGTON STREET. Incorporated September 20, 1889. F r a n c is O . W in s l o w , Began business October 1, 1889. I r v in g S . F o g g , T r e a s u r e r . P r e sid e n t . B o a r d o f D ir e c t o r s : F. G. A l l e n , E. H. B a r t l e t t , H. L. B o y d e n , D . E. C a l l a h a n , H e n r y C r o s b y , F. A. F a l e s , F. L. F i s h e r , I . S. F o g g , H . W. G a y , J. A. H a r t s h o r n , J. E. P e n d e r g a s t , G. A. S t u n t z n e r , W . F . T i l t o n , R . R . W il l i a m s o n , F . O . W i n s l o w . ■ S e c u r it y C om m itte e : F . G . A l l e n , F . L. F i s h e r , F . A . F a l e s . Regular meetings for receipt of moneys the first Tuesday o f each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid fines Temporary expense account Mortgage balance Cash . . . . $850,700 11,610 3,130 67 335 880 60,216 00 00 30 88 34 40 13 Dues capital Profits capital Guaranty fund . Surplus Interest Transfer fees Withdrawal profits Security committee $745,131 150,952 10,286 17,447 3,013 1 102 4 $926,940 05 00 12 87 85 97 00 74 50 $926,940 05 Shares. Membership. Issued during year Withdrawn during year Forfeited during year Retired during year Matured during year Shares now pledged Shares in force . . 3,634 1,799 4 510 112 . 4,922 . 17,128 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . . 351 224 1,922 491 Profits Distributed. U nm atured Shar es. First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 44-1 re a l estate lo a n s (average, $1,906.34 6 9 sh a re lo a n s (average, $168.26 each; each; average rate, 6% ): 6%, $850,700. average rate, 6% ): 6%, $11,610. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,000.00 2.16 Other Expenses. $1,047.62 1.13 Total. $3,047.62 3.29 189 BANK COMMISSIONER No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. i R e c e ip t s . . Dues capital Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Profits capital Forfeited share account Retired share account . Matured share account Surplus . . . . Security committee Cash on hand October, 1915 $195,760 132,000 12,975 640 575 53,692 1,016 5 1,707 2 98 76 94,406 21,542 14 97 4,660 00 00 00 14 83 14 42 75 24 40 81 00 38 00 78 50 25 Date of Issue. Series. pJrag fare_ ^ April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. $519,270 64 D isb u r se m e n t s . $56,454 76 67,018 15,680 7,739 2 26,593 6,720 142,700 14,315 1,411 Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Mortgages . . . . Fines . . . . Real estate b y foreclosure Interest . . . . Temporary expense Forfeited share account Retired share account . Matured share account Surplus . . . . Security committee Cash on hand October, 1916 126 1,005 3,047 76 94,406 21,542 37 102 60,216 00 00 00 00 59 40 50 00 00 00 50 60 85 26 62 00 38 00 81 00 13 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 $199 187 175 164 154 143 133 123 114 105 96 87 79 70 62 55 47 40 33 26 19 13 7 1 ” 1 Total Value' 145 134 205 224 333 260 305 428 366 326 485 415 740 657 714 888 950 1,198 1,342 1,056 1,556 1,398 1,826 1,177 00 30 96 93 24 84 77 98 47 23 29 60 15 94 98 27 78 49 40 53 86 39 10 00 $28,855 25,098 36,071 36,944 51,361 37,398 40,799 53,063 41,896 34,304 46,700 36,354 58,571 46,607 44,967 49,079 45,391 48,507 44,822 28,015 30,902 18,719 12,964 1,177 00 20 80 32 92 40 85 44 02 98 65 00 00 58 72 76 00 02 80 68 16 22 60 00 425 00 Dues paid in advance $898,999 12 $745,131 00 150,952 12 2,916 00 Dues capital Profits capital Unpaid dues $898,999 12 $519,270 64 D a t e s o p E x a m in a t io n a n d September 22-30 inclusive. A u d it , ORANGE CO-OPERATIVE BANK, ORANGE. MANN’S BLOCK. Incorporated January 8, 1889. H e r v ey S . D a w ley , B o a r d o f D ir e c t o r s : H a l l , F. W . G. P. P r e sid e n t. A. W . S e c u r it y C om m itte e : G. P. E . S. J a m es H. S . F. A. H o w B a llo u , H a r r in g t o n , P la t t s, Began business January 23, 1889. D a w ley , e , J. D . F. A. D e x t e r , O sc a r K im b a l l , Z. W . L a m b, J . D . K im b a l l , F u l l e r , A. H . C. G a t e s , E. 8. F. E. P a r k e r , M cK en n a , S h e r w in . H a l l, J. D . K im b a l l , F . W . P la tt s. Regular meetings for receipt of moneys the fourth Wednesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T r e a su r e r . 190 REPO RT OF THE [Pub. Doc. STATEMENT OP CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Common form mortgages Temporary expense account Cash . $224,995 3,215 385 51 16,177 00 00 00 64 72 Dues capital . Profits capital . Guaranty fund . Surplus . . Interest . . Fines . . Withdrawal profits . . . . . . . . . . . . . . . . . . $193,108 36,335 2,692 7,961 4,565 121 40 $244,824 36 00 11 43 05 79 17 81 $244,824 36 Shares. Membership. Issued during year Withdrawn during year Retired during year Matured during year Shares now pledged Shares in force . . . 1,391 323 70 39 1,284 4,676 Added during year Withdrawn during year Members . . . Borrowers . . . . 116 43 547 212 . . . Profits Distributed. U n m a t u r e d Sh a r e s. First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% of last dividend. Rates and Averages on Loans. 2 0 1 re a l estate lo a n s (average, $1,119.35 2 8 s h a re lo a n s (average, $139.78 each; each; average rate, 5.97%); 5%, $6,000; 6%, $218,995. average rate, 6% ); 6%, $3,215. Total Expenses for Year. Salaries. $550.00 2 .24 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Reconciliation of Share Account with Dues a n d Profits C a p ita l. R e c e ip t s . Dues capital . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest Fines Transfer fees Withdrawal profits Profits capital Cash on hand October, 1915 $52,843 00 5,050 27,475 3,045 13,446 377 2 94 00 00 00 27 07 25 68 25 4,225 17 $106,558 69 D isbu rsem ents . Dues capital withdrawn Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital retired . Profits capital matured Real estate loans Share loans . . . Interest Temporary expense Surplus Cash on hand October, 1916 $12,060 9,660 5,460 1,710 4,117 2,287 51,330 2,875 00 00 00 56 40 16 00 00 86 27 794 33 25 . Other Expenses. Total. $244.33 $794.33 1.00 3.24 Date of Issue. Series. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Value Shares per Share. in Force. Total Value. $189 43 66 $12,502 38 178 36 67 11,950 12 167 52 37 6,198 24 156 98 154 24,174 92 146 67 20 2,933 40 136 66 122 16,672 52 126 94 43 5,458 42 71 117 45 8,338 95 108 23 87 9,416 01 99 28 84 8,339 52 90 58 92 8,333 36 82 13 217 17,822 21 73 93 131 9,684 83 65 98 198 13,064 04 58 26 150 8,739 00 50 76 270 13,705 20 43 47 196 8,520 12 36 39 384 13,973 76 29 53 157 4,636 21 22 87 356 8,141 72 16 39 452 7,408 28 10 10 839 8,473 90 4 00 483 1,932 00 Dues paid in advance . 16,177 72 21 00 $230,440 11 $106,558 69 Dues capital Profits capital Unpaid dues Suspense dues $193,108 36,335 991 6 00 11 00 00 $230,440 11 D ates o r E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , July 19, 20. No. 8.] BANK COMMISSIONER. 191 PEABODY CO-OPERATIVE BANK, PEABODY. 10 PEABODY SQUARE. Incorporated M ay 28, 1888. Began business June 16, 1888. P. H. O’C onoe, P r e sid e n t . J ohn A. T e a gue , T r e a s u r e r . G. H all , H . V. H u n t , J ustus Jones , S. S. L ittlefield , P. H . O ’C onor , L. P. O sborn , L e v i P reston , A lonzo R a d d in , F. H . Sa n g e r , W . F. Sa w y e r , J. A . T e a g u e , P. J. W oods . B o a r d o f D ir e c t o r s: C . S. B atchelder , P. H . C olem an , B. S e c u r i t y C om m itte e : L e v i P reston , Justus Jones , A lonzo R a d d in . Regular meetings for receipt of moneys the third Saturday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Permanent expense account Temporary expense account Insurance and taxes paid Cash Liabilities. 55 00 -29 07 16 38 Dues capital . . . . $1,130,508 00 Profits capital . . . . 197,284 30 343 matured shares represented by certificates . 68,600 00 Guaranty fund . . . . 11,734 80 Surplus . 11,699 23 Interest . . . . . 32,608 59 Fines . . . . . 698 77 Transfer fees . . . . 3 00 Withdrawal profits 324 70 523 06 Forfeited share account $1,453,984 45 $1,453,984 45 $1,368,050 36,300 503 1,598 501 47,031 Shares. Issued during year . . . . 5,657 Withdrawn during year . . . 3,109 Forfeited during yedr . . . . 20 Matured during year . . . . 549 Shares now pledged . . . . 7,800 Shares in force . . . . . 24,290 Matured shares represented b y certificates 343 Membership. A dded during year Withdrawn during year Members . . . Borrowers . . . . . 518 323 2,778 817 . . Profits Distributed. U nm atured Sh ar e s . First term, 2 % % ; second term, 2 % % . M atu red Share C ertificates . First term, 2 ) 4 % ', second term, 234%. Proportion of profits retained on voluntary withdrawals, 10% on series not over 54 months old; after 54 months, none. Rates and Averages on Loans. 7 6 2 re a l estate lo a n s (average, $1,795.34 9 7 sh a re lo a n s (average, $374.23 each; each; average rate, 534%): 534%, $1,368,050.55. average rate, 534%): 534%, $36,300. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,495.99 1.72 Other Expenses. $1,663.17 1.14 Total. $4,159.16 2.86 REPO RT OF THE 192 [Pub. Doc, Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans eliminated b y foreclosure . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Permanent expense Forfeited share account Matured share certificate account Mortgage balance Insurance and taxes Cash on hand October, 1915 $287,277 00 00 00 00 00 01 67 46 00 36 00 01 00 15 00 77 $697,599 43 D isbu esem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Fines Real estate b y foreclosure Interest Temporary expense Permanent expense Forfeited share account Matured share account Matured share certificate account Insurance and taxes Suspense account Mortgage balance Dividend on matured share certifi cates . . . . Cash on hand October, 1916 00 00 00 18,654 41 10 20 30,920 84 359,851 48 30,800 00 Date of Issue. Series. Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June June Dec. June Dec. June 1904 1905 1905 1906 1906 1907 1907 190S 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 34 $195 77 35 184 86 36 174 18 37 163 85 38 153 75 39 143 91 40 134 31 124 97 41 42 115 89 107 04 43 98 46 44 45 90 05 81 91 46 47 73 96 66 21 48 49 58 66 51 31 50 44 16 51 52 37 19 30 41 53 23 80 54 17 36 55 11 10 56 5 00 57 Dues paid in advance . 01 57 16 29 61 80 Dues capital Profits capital Unpaid dues 2,200 00 512 16 99 93 24 99 2,587 50 47,031 38 $697,599 43 D ates op E xam in a tio n and A u d it , N ovember 6-14 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 318 317 527 258 378 317 359 446 384 566 813 799 886 961 737 1,167 1,307 1,109 1,590 1,705 2,117 2,018 2,558 2,653 $62,254 58,600 91,792 42,273 58,117 45,619 48,217 55,736 44,501 60,584 80,047 71,949 72,572 71,075 48,796 68,456 67,062 48,973 59,132 51,849 50,384 35,032 28,393 13,265 86 62 86 30 50 47 29 62 76 64 98 95 26 56 77 22 17 44 10 05 60 48 80 00 987 00 $1,335,677 30 1 10 1,545 763 4,033 929 153 604 Value _ Shares Total Value. per Share. in Force. . $1,130,508 00 197,284 30 7,885 00 $1,335,677 30 BANK COMMISSIONER No. 8.] 193 PEOPLES CO-OPERATIVE BANK, FALL RIVER. 60 BEDFORD STREET. Incorporated February 18, 1882. Began business March 15, 1882. John H. E stes , P r e sid e n t. C hahl.es H. D u r fee , T r e a s u r e r . H. B lan ch ette , F. C. B r ow n ell , J. B . C lifton , A. P. D a v ol , J. E . E stes , P atrick K ie r an , C . E . M ills , M ichael Sw e e n e y , M a tth e w T hompson , Joseph T ur ner . B o a r d o f D ir e c t o r s : W . S e c u r it y C om m itte e : A. P. D avol , C. H. D urfee , J. H. E stes , P atrick K ie r a n , M ichael Sw e e n e y . Regular meetings for receipt of moneys the third Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916 Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Cash . . . . . $400,893 10,750 729 26,122 22 00 99 67 Dues capital . . . . Profits capital . . . . 103 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Dividend on matured share certificates . ,\ . . . $335,516 00 63,542 18 20,600 00 5,587 62 12,760 83 489 25 $438,495 88 $438,495 88 Membership. Shares. Issued during year . . . . Withdrawn during year . . Retired during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented by certificates 2,601 1,467 35 41 2,606 8,023 103 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 193 108 728 1S1 . . Profits Distributed. U nmatured S h ares . First term, 2 % % ; second term, 2 % % . Extra dividend first term, Y % % . M atured S hare C e rtificates . First term, 2 % % ', second term, 2 % % . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 1 4 5 r e a l estate lo a n s (average, $2,764.78 each; average rate, 3 6 s h a re lo a n s (average, $298.61 each; average rate, 5J^%): 5J^%): 5 Y % , $400,893.22. 5]^%, $10,700 ; 6%, $50. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,600.00 3.65 Other Expenses. $473.15 1.08 Total. $2,073.15 4 .7 3 194 REPO RT OF THE Receipts and Disbursements. [Pub. Doc, Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Matured share certificate account . Guaranty fund . . . . Profits capital . . . . Surplus . . . . . Cash on hand October, 1915 $94,912 95,100 7,750 22,158 504 8,200 90 00 00 00 03 43 00 57 20 12 79 14,923 70 $243,651 72 D isbursem ents . Dues capital withdrawn Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Interest . . . Temporary expense Dividend on matured share certifi cates . . . . . Surplus . . . . . Cash on hand October, 1916 $38,224 5,040 5,951 4,336 1,740 2,237 145,625 11,300 188 2,073 00 00 00 78 55 37 02 00 62 15 721 99 90 57 26,122 67 Date of Issue. Series. Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay N ov. M ay N ov. M ay Nov. M ay N ov. M ay N ov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 Value Shares per Share. in Force. Total Value. $199 14 $12,744 96 64 188 27 92 17,320 84 177 68 25,585 92 144 167 33 17,736 98 106 157 23 18,395 91 117 16,799 04 147 36 114 14,874 84 137 73 108 92 11,708 20 128 35 192 22,886 40 119 20 28,231 68 256 110 28 13,813 52 136 101 57 139 12,938 12 93 08 84 76 26,360 36 311 6,747 84 76 68 88 236 16,225 00 68 75 13,064 70 214 61 05 14,295 18 267 53 54 14,701 14 318 46 23 21,862 49 559 39 11 20,389 44 634 32 16 18,585 48 732 25 39 14,524 67 773 18 79 11,954 80 968 12 35 8,300 67 1,363 6 09 85 00 Dues paid in advance . $400,233 18 $243,651 72 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $335,516 00 63,542 18 1,175 00 $400,233 18 D ates of E xam in a tio n and ”A udit , October 2 -4 inclusive. PILGRIM CO-OPERATIVE BANK, CQHASSET. MAIN STREET. Incorporated April 26, 1916. E dward F. W illcutt , P r e sid e n t . ( Began business M a y 16, 1916. E . C larence H o v e y , Jr., T r e a s u r e r . S. A . A g n e w , F. T. B a il e y , H . K . B arton , C. L. B rem er , H . E . F ern ald , H . T . F ogg , M . A. G r assie , T . L. G r assie , F rederick H inchliffe , E. C. H o v e y , Jr., G eorge Ja so n , C ornelius K e e f e , M . L. L eonard , G. W . L e w is , F. F. M a r t in , Jr., C. S. M c D o w e l l , A . F . S e r v a n , W alter Sh u e b r u k , E. H. S parrell , T . A. S te v e n s , R . H. T isd a le , E. N. T o w e r , C . H . T rott , E . F. W illcutt , J. N . W illcutt . B o a r d o f D ir e c t o r s : i S e c u r it y C om m itte e : F. T. B a il e y , C . S. M cD o w ell , W alter Sh u e b r u k , J. N. W illc utt . Regular meetings for receipt of moneys the third Tuesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 195 BANK COMMISSIONER. No. 8.] STATEMENT OP CONDITION AT THE CLOSE OP THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Less amount due 810,050 00 800 00 89,250 50 196 68 1,138 Loans on shares . Permanent expense account Tem porary expense account Cash . 00 00 59 00 53 Dues capital Profits capital Guaranty fund Surplus 810,551 129 10 12 . 00 12 50 50 $10,703 12 $10,703 12 Membership. Shares. Issued during year Withdrawn during year Shares now pledged Shares in force . . 1,796 14 61 1,782 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 309 5 304 10 . . Profits Distributed. U n m a t u b e d Sh a k e s. First term, 1 % % ', second term, 1 % % . Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old; 12 } 4 % on series from 4 to 8 years old; after 8 years, none. Rates and Averages on Loans. 9 r e a l estate lo a n s (average 1 sh a re lo a n (average, $50; $1027.78 each; average rate, 6% ): 6%, $9,250. average rate, 6% ): 6%, $50. Total Expenses for Year. Salaries. Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Other Expenses. $91.08 8.51 Total. $91.08 8.51 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Uncompleted mortgage loans . Interest . . . . . F i n e s .......................................... Transfer fees . . . . Withdrawal profits . . . Temporary expense . . . Security committee . . . $10,586 800 193 11 00 00 64 31 75 18 36 00 37 50 $11,665 38 D isbuhsements . Dues capital withdrawn . Profits capital withdrawn . Real estate loans . . Share loans . . . . Temporary expense . . Permanent expense . . Cash on hand October, 1916 . . . . . . $35 00 18 10,050 00 50 00 135 46 256 21 1,138 53 Date of Issue. Series. pJragU heare M ay 1916 Aug. 1916 o f u f p ^ e . Total Va,ue' $9,472 64 676 48 835 00 $10,984 12 Dues capital Profits capital Unpaid dues E xam in a tio n and A ud it , N ovember 20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $6 08 3 02 Dues paid in advance . $11,665 38 D ate 1 2 $10,551 00 129 12 304 00 $10,984 12 196 REPO RT OF THE [Pub. Doc. PIONEER CO-OPERATIVE BANK, BOSTON. 36 BROMFIELD STREET. Incorporated July 26, 1877. Began business August 6, 1877. W illiam D . E ldrbdge , T r e a su r e r . E dric E ldridge , P r e sid e n t . W. H . B a in , E . E . B r idge , J. W. C ousins , E dric E ldridge , W . D . E ldredge , G. R. F arr ell , W . F. F r ee m an , D . H . L. G lea son , A rthur H ooper , T . R. H ughes , J. T . K a le r , C. F. L e tt e n e y , H . P. O a k m a n , W . H . R oberts , J. M . S impson , R . S. W e n tw o r th . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : J. M . Simpson , H. P. O a k m a n , W . F. F r ee m an , C. F. L e tt e n e y , R . S. W e n tw o r th . Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Common form mortgages Unpaid interest . Unpaid fines Temporary expense account Cash . . . . . $603,750 20,250 1,140 1,2.54 159 227 36,988 00 00 00 51 50 41 52 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Fines . . . . Transfer fees . . . Withdrawal profits Forfeited share account Security committee . . . . . . . $528,650 102,715 12,128 17,187 2,694 84 00 71 35 01 68 42 25 96 23 188 29 25 00 $663,769 94 $663,769 94 Shares. Issued during year Withdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force Membership. . 2,064 998 5 250 . 3,441 . 10,196 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 238 162 1.121 282 . . Profits Distributed. U nm atured Sh ar e s . First term, 234>%; second term, 2J^% Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 2 2 f re a l estate lo a n s (average, $2,695.31 each; average $415,600; 5 % % , $7,200; 6%, $12,400. 7 0 s h a r e lo a n s (average, $289.28 each; average rate, rate, 5.38%): 5%, $144,750; $23,800; o !A % , 5.90%): 5%, $100; 5J^>%, $3,800; ~ > % % , $50; 6%, $16,300. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. ...........................................$1,513.20 ........................................... 2.28 Other Expenses. $3,647.64 5.49 Total. $5,160.84 7.77 BANK COMMISSIONER. No. 8.] Receipts and Disbursements. KECEIPTS. Dues capital . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Mortgages . Real estate b y foreclosure Transfer fees . . Withdrawal profits Forfeited profits . . Forfeited share account Matured share account Mortgage balance Security committee . . • Cash on hand October, 1915 . • Reconciliation of Share Account with Dues and Profits Capital. 8115,306 00 15,600 68,900 16,350 120 330 33,612 1,002 5 1,509 2 68 30,566 3 880 33 32,178 00 00 00 00 27 70 13 75 45 51 29 86 00 00 87 58 $316,469 41 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Permanent expense Forfeited share account Matured share account Profits capital . . . . Mortgage balance Security committee Cash on hand October, 1916 •841,144 115 36,721 6,023 10 12,887 128,100 18,600 12 461 3,976 92 77 30,566 33 3 655 36,988 00 00 00 80 05 19 00 00 50 45 93 58 66 86 87 00 00 52 Date of Issue. Series. Value Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 8196 186 176 166 156 146 137 127 118 110 101 93 84 76 69 61 54 46 39 33 26 19 13 7 1 Dues paid in advance . 88 37 07 01 15 53 11 92 94 13 53 15 96 98 20 61 20 96 90 01 29 73 33 09 00 Total Value. 119 157 251 213 256 176 170 245 267 276 272 439 295 394 371 527 433 523 462 678 589 877 630 982 594 $23,428 29,260 44,193 35,360 39,974 25,789 23,308 31,340 31,756 30,395 27,616 40,892 25,063 30,330 25,673 32,468 23,468 24,560 18,433 22,380 15,484 17,303 8,397 6,962 594 72 09 57 13 40 28 70 40 98 88 16 85 20 12 20 47 60 08 80 78 81 21 90 38 00 578 00 $635,015 71 — Dues capital Profits capital Unpaid dues $316,469 41 D ates op E xam in a tio n and A ud it , February 18-28 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 197 $528,650 00 102,715 71 3,650 00 $635,015 71 — [Pub. Doc. REPO RT OF THE 198 PITTSFIELD CO-OPERATIVE BANK, PITTSFIELD. 139 NORTH STREET. Incorporated February 15, 1889. Began business March 5, 1889. H en r y R . P eibson , P r e sid e n t . L obenzo H . G a m w e l l , T r e a s u r e r G. S. A dams , J. L. B acon , R . D . B ar d w e ll , John B ar k e r , L. H . G amwf. i x , R . H. G a m w e ix , M ath ias M cC ormick , A . A . M ills , G. W . P e a se , H. R . P eibson , A. W . P lum b , W . W. Schofield . B o a r d o f D ir e c t o r s: S e c u r it y C om m itte e : A . W . P lum b , R . H . G a m w e l l , G . W . P e a se . Regular meetings for receipt of moneys the second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. $1,192,150 44,105 2,898 96,239 Loans on real estate Loans on shares . Unpaid interest . Cash 00 00 30 25 Dues capital . . . . $1,025,387 00 Profits capital . . . . 174,036 40 474 matured shares represented by certificates . . . . 94,800 00 Guaranty fund . . . . 21,168 17 Surplus . . . . . 18,063 98 Forfeited share account 41 00 Dividend on matured share certifi cates . . . . . 1,896 00 $1,335,392 65 $1,335,392 55 Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force Membership. . . 4,012 3,524 27 563 . 7,981 . 19,756 ificates 474 A dded during year . ' . Withdrawn during year Members . . . . Borrowers . . . . . 377 379 2,109 791 Profits Distributed. U nm atubed Sh ar es . First term, 2 } i % ] second term, 2 } 4 % . M atured Sh are C ertificates . First term, 2M %; second term, 2%. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 6 3 5 re a l estate lo a n s (average, $2,228.31 2 6 6 sh a re lo a n s (average, $172.28 each; each; average rate, 5% ): 5%, $1,192,150. average rate, 5.07%): 5%, $40,830; 6%, $3,275. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $4,164.00 3.12 Other Expenses. $1,328.71 .99 Total. $5,492.71 4.11 BAN K COMMISSIONER. No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . $240,052 00 Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Bonds and notes Real estate b y foreclosure 3,900 00 00 00 00 00 00 29 28 25 00 59 00 65 7,350 180,300 51,095 5,550 2,426 62,489 1,774 6 536 1,449 53,400 65,467 Transfer fees Temporary expense Forfeited share account Matured share certificate account . Cash on hand October, 1915 — $675,796 06 D is b u r s e m e n t s . $138,297 1,384 84,445 17,497 232 28,622 247,200 42,335 2,426 6,028 1,439 6,800 Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Temporary expense Forfeited share account Matured share certificate account . Dividends on matured share certificates . . . . Cash on hand October, 1916 199 00 00 00 35 74 92 00 00 00 71 59 00 2,848 50 96,239 25 Date of Issue. Series M ay Nov. M ay N ov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay N ov. M ay 1904 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Value $200 190 180 170 160 151 142 132 124 115 106 98 90 82 74 67 59 52 45 38 31 25 18 12 6 86 48 34 43 76 29 02 97 11 45 97 69 60 71 97 37 94 67 56 61 81 16 66 30 08 Total Value. 160 169 328 159 343 354 415 420 428 554 562 559 759 943 669 768 992 1,077 1,175 1,242 1,067 1,482 1,480 1,607 2,044 Dues paid in advance . $32,137 32,191 59,151 27,098 55,140 53,556 58,938 55,847 53,119 63,959 60,117 55,167 68,765 77,995 50,154 51,740 59,460 56,725 53,533 47,953 33,941 37,287 27,616 19,766 12,427 60 12 52 37 68 66 30 40 08 30 14 71 40 53 93 16 48 59 00 62 27 12 80 10 52 1,004 00 $1,204,796 40 Dues capital Profits capital Unpaid dues $1,025,387 00 174,036 40 5,373 00 $675,796 06 $1,204,796 40 D ates of E x am in a tio n and A ud it , October 16-20 inclusive. PLYMOUTH CO-OPERATIVE BANK, PLYMOUTH. 44 MAIN STREET. Incorporated June 7, 1882. Began business June 20, 1882. E lmer E . A v e r y , T r e a s u r e r . John B . W a sh bu r n , P r e sid e n t . A. L. B arn e s , Joseph B arn e s , E. L. B urgess , P. S. B urgess , W. C. C h andler , B. H. C or ey , E leazer D a v ie s , F. J. H e a v e n s , M . S. O’B r ie n , E . L. Sampson , C. J. Steg m aier , H . R . T alb ot , J. B. W a sh bu r n , H . O. W h itin g , C- C. W ood . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : Joseph B arn e s , E . L . B urgess , P. S. B urgess , H . O. W h itin g , J. B . W a sh bu r n . Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Bonds and notes Loans on real estate Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Unpaid interest . Unpaid premiums Unpaid fines Permanent expense account Tem porary expense account Insurance and taxes paid Cash . . . . / https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $6,103 953,400 46,750 970 11,538 6,194 325 1,073 345 1,599 178 100,696 05 00 00 00 51 80 55 13 80 69 40 06 $1,129,174 99 Dues capital Profits capital Guaranty fund . Surplus Interest Premiums . Fines Withdrawal profits Forfeited share account Personal accounts . $897,951 185,880 9,745 5,173 26,998 1,343 1,454 486 132 9 00 55 21 10 50 40 74 69 80 00 $1,129,174 99 200 REPORT OF TH E [Pub. Doc. Shares. Membership. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged . ■ Shares in force . . 4,070 1,576 60 446 . 5,726 . 18,071 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 421 239 2,411 776 . . Profits Distributed. U nm atuked Sh ares . First term, 3 Y io % ', second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on series more than 5 years old. Rates and Averages on Loans. S 3 6 r e a l estate lo a n s (average, $1,140.43 7 % o % , $200. 2 6 1 sh a re lo a n s (average, $179.12 each; each; average rate, 6.30% ); 6%o%, $940,700; 6%o%. $12,500; average rate, 6.30%); 6%o%, $46,600; 6%o%> $150. Total Expenses for Year. , Amount paid for . . Cost per $1,000 of assets . . . . . . . . . . Receipts and Disbursements. . . Salaries. $2,188.91 1.94 D isbursements . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Bonds and notes Real estate b y foreclosure Interest . . . . Temporary expense Permanent expense Forfeited share account Surplus . . . . Insurance and taxes Cash on hand October, 1916 $211,822 00 Date of Issue. Series. Value 47 $192 June 1905 48 181 Dec. 1905 49 170 16,000 00 June 1906 159 50 Dec. 1906 183,450 00 148 51 June 1907 27,850 00 52 138 Dec. 1907 32 00 128 53 14,060 29 June 1908 119 54 Dec. 1908 61,220 99 109 55 3,057 04 June 1909 56 100 3,054 57 - Dec. 1909 91 57 966 77 June 1910 58 83 Dec. 1910 23 24 75 59 1 85 June 1911 60 67 Dec. 1911 10 00 61 59 52 June 1912 62 51 Dec. 1912 108 46 44 63 14 08 June 1913 37 64 45,642 65 Dec. 1913 65 30 June 1914 23 66 $578,314 46 Dec. 1914 67 17 June 1915 11 68 Dec. 1915 5 69 June 1916 $42,974 00 Dues paid in advance . 678 00 61,865 00 5,453 43 93 25 27,528 98 Dues capital 285,500 00 Profits capital 27,160 00 Unpaid dues 6,103 05 15,373 93 367 52 4,066 05 60 00 94 25 14 08 286 86 100,696 06 11,000 00 $578,314 46 D ates of E x am ina tio n and A udit , October 23-N ovem ber 3 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $4,095.96 3 .63 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Premiums . . . . Fines . . . . Withdrawal profits Forfeited profits . Temporary expense Forfeited share account Personal accounts Insurance and taxes Profits capital Cash on hand October, 1915 Other Expenses. $1,907.05 1.69 85 31 14 27 77 56 67 06 75 73 97 45 19 19 40 88 55 44 55 88 40 11 00 Ä 2 L Total Value. 218 471 386 448 378 384 296 484 392 691 488 670 603 1,047 745 864 821 1,091 1,047 1,550 1,342 2,113 1,542 $42,04 1 85,397 65,674 71,352 56,235 53,207 38,086 57,625 43,022 69,604 44,881 55,911 45,339 70,347 44,253 44,824 36,575 40,847 31,985 37,014 23,350 23,475 7,710 30 01 04 96 06 04 32 04 00 43 36 50 57 93 00 32 55 04 85 00 80 43 00 1,974 00 $1,090,735 55 $897,951 00 185,880 55 6,904 00 $1,090,735 56 No. 8. 201 BANK COMMISSIONER. PROVIDENT CO-OPERATIVE BANK, CHELSEA. 273 BROADWAY. Incorporated September 25, 1885. Began business September 28, 1885. W alter L. M a r t in , P r e sid e n t . James G ould , T r e a su r e r . B. A tw ood , A . A . F olsom , C harles W . G ould , C . W illis G ould , W . D . G rover , E. K . H am ill , Sam uel M arsh all , B. T . M a r t in , W illiam M a r t in , E. H . W a l k e r . B o a r d o f D ir e c t o r s : A . S e c u r it y C om m itte e : C . W illis G ould , W . D. G rover , Samuel M arsh all . Regular meetings for receipt of moneys the fourth M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. $949,988 42,050 3,303 52,022 Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Cash . . . . 30 00 29 29 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account Matured share account $818,501 176,043 14,800 37,006 13 999 $1,047,363 88 $1,047,363 88 Shares. Issued during year . W ithdrawn during year Forfeited during year . Matured during year . Shares now pledged . Shares in force . . 00 35 00 65 58 30 Membership. . . . . . . . . . . . . . . . 2,378 . 1,679 9 527 . 5,636 . 13,768 A dded during year . W ithdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . 3 1 0 . 193 1,668 476 Profits Distributed. U nm atured Sh ares . First term, 2 ^ % ; second term, 2 f g % . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. U 7 r, « , eS ^ awi J av^ g0e2-$2-125-25 eac1'- average rate, 5.44%): 5%, $20,300; 5J*%, $308,650; 5 ^ % , $ o d 2 , I o o . o U| b % j <|iOO|ö7i). 1 7 7 sh a re lo a n s (average, $237.57 each; average rate, 5.48%); 5Ji% , $3,950; 5>^%, $37,400; 6%, $700. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $3,425.00 3.27 Other Expenses. Total. $2,361.35 $5,786.35 2 .25 5.52 202 REPO RT OF THE [Pub. Doc Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees . Withdrawal profits Forfeited profits . Forfeited share account Matured share account Personal accounts Cash on hand October, 1915 $168,472 00 14,050 00 20,138 129,761 19,050 14,199 56,323 2,035 3 2,573 60 84,535 126 55,054 43 57 00 53 41 96 25 57 45 00 65 74 33 $566,384 89 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Temporary expense Forfeited share account Matured share account Guaranty fund . Cash on hand October, 1916 . $67,248 60 76,895 9,988 1 27,994 200,663 24,850 13,970 968 5,786 1,453 83,536 946 * 52,022 00 00 00 60 81 62 30 00 10 70 35 29 35 48 29 Date of Issue. Series. Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay N ov. M ay Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Dues paid in advance . 520 00 $999,475 35 Dues capital Profits capital Unpaid dues $566,384 89 D ates of E x am in a tio n and A udit , January 10-17 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Value Shares per Share. in Force. Total Value. $197 93 384 $76,005 12 187 13 330 61,752 90 176 59 277 48,915 43 166 31 342 56,878 02 156 28 205 32,037 40 146 50 404 59,186 00 136 96 301 41,224 96 127 65 516 65,867 40 118 55 335 39,714 25 109 69 450 49,360 50 101 05 476 48,099 80 92 62 655 60,666 10 84 39 573 48,355 47 76 36 635 48,488 60 68 53 524 35,909 72 60 89 687 41,831 43 53 42 672 35,898 24 46 15 814 37,566 10 39 07 852 33,287 64 32 14 823 26,451 22 25 39 767 19,474 13 18 79 648 12,175 92 12 36 1,120 13,843 20 6 10 978 5,965 80 $818,501 00 176,043 35 4,931 00 $999,475 35 203 BAN K COMMISSIONER. No. 8.] QUINCY CO-OPERATIVE BANK, QUINCY. 1356 HANCOCK STREET. Incorporated April 17, 1889. , Began business M ay 7, 1889. F r an k A . R ee d , T r e a su r e r . F r an k W . C r a n e , P r e sid e n t . F. S. B oyd e n , D . L. P. C h ase , F. W . C r an e , H . G . C rocker , J. W . D e n n e n , G . H . F ie ld , R . E. F o y , J. F. H u n t , P erry L a w t o n , C. J. M c G il v r a y , S. T . M ac Q u ar r ie , F. A . R ee d , J. G . R oberts , Sim eon S cammell , N . M . S pencer , H . O. St u d l ey , F . E . T upper , B o a r d o f D ir e c t o r s : J. F. Y ou ng . S e c u r it y C om m itte e : G . H . F ie ld , Simeon Scammell , F. E . T upper . Regular meetings for receipt of moneys the first Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Cash . $987,600 38,525 1,762 255 38,905 00 00 26 34 70 Dues capital . . . . Profits capital . . . . 167 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Forfeited share account Personal accounts Dividend on matured share certifi cates . . . . . $857,196 00 159,561 04 33,400 8,930 6,907 61 374 618 33 $1,067,048 30 $1,067,048 30 Shares. Issued during year . . . . 4,005 Withdrawn during year . . . 1,927 Forfeited during year . . . . 32 Matured during year . . . . 240 Shares now pledged . . . . 6,341 Shares in force . . . . . 18,971 Matured shares represented b y certificates 167 00 60 15 16 02 Membership. Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 432 280 2,299 696 Profits Distributed. U nm atured Sh ar e s . First term, 2 % % ; second term, 2 % % . M atured Share C e rtificates . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 8 years old; 10% on series from 8 to 10 years old; after 10 years, none. Rates and Averages on Loans. 6 8 1 r e a l estate lo a n s (average, $1,699.83 each; average rate, 5.48%); $922,050; 5 % % , $950; 6%, $7,600; 6M % , $2,000; 6 ^ % , $2,200. 21,0 sh a re lo a n s (average, $160.52 each; average rate, 5.50%): 5Ji% , 5%, $49,800; 5JL%, $2,400; 5 1 4 % , $38,475; 6%, $50. T o t a l E xpenses f o r Y ea r. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,970.39 1.85 Other Expenses. $1,363.88 1.28 Total. $3,334.27 3.13 204 REPO RT OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Real estate by foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Profits capital Forfeited share account Matured share account Matured share certificate account . Mortgage balance Taxes and insurance A ttorney’s fees . Security committee Surplus . . . . Cash on hand October, 1915 [Pub. Doc, $227,843 00 S00 00 8,900 90,400 14,675 700 54,509 1,327 14 1,730 6 19 165 40,000 24,800 18 74 2,000 1,124 1 45,409 00 00 00 38 26 07 25 23 99 11 45 00 00 86 87 53 00 00 80 $514,519 80 Date of Issue. Series. M ay Nov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 Value Shares per Share. in Force. Total Value. $191 41 166 $31,774 06 180 47 256 46,200 32 169 82 264 44,832 48 159 41 220 35,070 20 149 26 255 38,061 30 139 40 297 41,401 80 129 75 277 35,940 75 120 36 484 58,254 24 111 26 532 59,190 32 102 40 471 48,230 40 93 76 446 41,816 96 85 32 666 56,823 12 77 10 749 57,747 90 716 69 11 49,482 76 61 32 874 53,593 68 53 75 1,003 53,911 25 46 37 1,032 47,853 S4 39 19 1,381 54,121 39 32 20 1,882 60,600 40 25 41 1,233 31,330 53 18 80 2,151 40,438 80 12 36 1,919 23,718 84 6 10 1,697 10,351 70 Dues paid in advance . • 700 00 D isbursements . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Fines . . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Forfeited share account Matured share account Matured share certificate account . Insurance and tares Dividend on matured share certifi cates . . . . . A ttorney’s fees . . . . Security committee Surplus . . . . . Cash on hand October, 1916 $73,4Ï6 365 34,364 13,164 27 12,766 254,850 24,750 2 700 1,063 3,334 ' 137 51,200 2,000 20 00 00 00 34 94 12 00 00 08 38 38 27 29 00 00 50 309 2,000 1,124 19 38,905 16 53 00 11 70 $1,021,447 04 Dues capital Profits capital Unpaid dues $514,519 80 D ates of E xam in a tio n and A udit , M ay 15-19 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . . . . . $857,196 00 159,561 04 4,690 00 $1,021,447 04 No. 8. BANK COMMISSIONER. 205 RANDOLPH CO-OPERATIVE BANK, RANDOLPH. MAIN STREET. Incorporated January 29, 1889. Began business February 7, 1889. F r an k lin W . H a y d e n , P r e sid e n t . P atrick H . M cL a u g h l in , T r e a su r e r . H. F ie ld , F. W . H a y d e n , C . D. H il l , A . H. H olbrook , H. F. H ow ar d , E dw ard L ong , F. D . M cC a r t y , P. H . M c L a u g h l in , R . E. O ’B r ie n , J. K . W illard , J. B. W r e n . B o a r d o f D ir e c t o r s : James F ar d y , J. S e c u r it y C om m itte e : F. W . H a y d e n , P. H . M cL a u g h l in , R . E . O ’B r ie n . Regular meetings for receipt of moneys the first Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Tem porary expense account Cash . . . . 8147,550 1,205 124 6,691 00 00 97 27 Dues capital Profits capital Guaranty fund . Surplus Interest . Fines Withdrawal profits Forfeited share account $123,839 22,413 3,119 3,602 2,293 88 76 138 $155,571 24 $155,571 24 Shares. Issued during year . W ithdrawn during year . Forfeited during year Retired during year . Matured during year . Shares now pledged . Shares in force . . Membership. . . . . . . . . . . 00 79 14 53 19 60 69 30 . . . . . . . . 479 308 15 35 64 . 8 3 1 2,702 . . Added during year Withdrawn during year Members . . . Borrowers . . . . . . . 33 29 387 123 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 1 1 5 re a l estate lo a n s (average, $1,283.04 9 sh a re lo a n s (average, $133.89 each; each; average rate, 6% ): 6%, $147,550. average rate, 6% ); 6% $1,205. Total Expenses for Year. Am ount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .......................................... .......................................... Salaries. $500.00 3.21 Other Expenses. $88.77 .57 Total. $588.77 3 .78 206 [Pub. Doc, REPORT OF THE Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. liECEIPTS. Dues capital . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited share account Retired share account . Matured share account Profits capital . . Cash on hand October, 1915 $31,634 00 2,100 16,900 3,285 9,078 335 129 138 6,330 12,929 2,963 00 00 00 68 85 25 29 30 59 28 02 13 $85,824 39 D isbursements . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Interest Temporary expense Retired share account . Matured share account Personal accounts Surplus Cash on hand October, 1916 $12,645 135 4,592 9,121 2,211 13 1,617 3,630 23,200 1,730 298 588 6,330 12,929 65 25 6,691 00, 00 00 00 29 20 35 72 00 00 80 77 59 28 10 02 27 Date of Issue. Series. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 Value $196 185 174 164 153 143 133 124 115 106 97 88 80 72 64 57 49 42 35 28 Shares 66 49 63 04 74 71 96 46 23 24 46 99 70 61 76 12 69 45 41 55 21 88 15 40 9 11 3 00 18 15 9 33 62 38 59 76 57 58 78 95 112 72 181 144 164 133 307 112 203 248 197 231 Dues paid in advance . Total Value. $3,539 2,782 1,571 5,413 9,531 5,460 7,903 9,458 6,568 6,161 7,601 8,454 9,038 5,227 11,721 8,225 8,149 5,645 10,870 3,197 4,441 3,819 1,794 693 88 35 67 32 88 98 64 96 11 92 88 05 40 92 56 28 16 85 87 60 64 20 67 00 42 00 $147,315 79 $123,839 00 22,413 79 1,063 00 Dues capital Profits capital Unpaid dues $147,315 79 $85,824 39 D ates of E x a m in a tio n and A ud it , January 26, 27. READING CO-OPERATIVE BANK, READING. MAIN STREET. Incorporated N ovember 27, 1886. F ran k E . C rafts , P r e sid e n t . Began business December 6, 1886. H a rry P. B osson , T r e a s u r e r . A k e r l e y , F. W . A l le n , L. M . B ancroft , H. P. B osson , John C on n e ll y , F. E. C rafts , J. L. D e v a n e y , A. P. F r ench , C. S. H a rr im an , E . N. H u n t , H. R . Johnson , M . E. N ichols , G . A . P a r k e r , C . M . S pencer , H. G. T u r n e r . B o a r d o f D ir e c t o r s : O S e c u r it y C om m itte e : l iv e r L. M . B ancroft , H. R . Johnson , M . E . N ichols . Regular meetings for receipt of moneys the Tuesday following the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Dues capital $490,985 00 Profits capital 5,550 00 Guaranty fund . ----------------------------------- $485,435 00 Surplus Loans on shares . . . . 5,925 00 Forfeited share account Real estate b y foreclosure, etc. . 2,289 51 Personal accounts 13,236 41 C a s h .......................................... Overs and shorts Loans on real estate Less amount due https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $506,885 92 $410,098 77,565 18,541 330 130 165 55 00 45 00 42 70 00 35 $506,885 92 No. 8.] BANK COMMISSIONER. Shares. Issued during year . Withdrawn during year Forfeited during year . Matured during year . Shares now pledged . Shares in force . . 207 Membership. . . - . . . . . . . . . . . . . . 2,969 1,408 29 162 2,738 10,186 Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . 267 152 1,232 323 Profits Distributed. U nm atured S h ar e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 8 8 6 re a l estate lo a n s (average, $1,697.32 3 9 sh a re lo a n s (average, $151.92 each; each; average rate, 5.97%): 5%, $16,400; 6%, $469,035. average rate, 6% ): 6%, $5,925. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets Salaries. $1,526.06 3.01 '. Receipts and Disbursements. Dues capital . . . . Real estate loans eliminated b y foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate b y foreclosure Interest Fines Transfer fees Withdrawals profits Temporary expense Forfeited share account Personal accounts Over and short account Profits capital . . . . Cash on hand October, 1915 2,400 00 00 00 00 00 00 96 53 50 34 00 14 00 35 35 66 $285,912 83 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . . Tem porary expense Forfeited share account Guaranty fund . . . . Cash on hand October, 1916 . $50,511 1,203 23,136 8.176 259 9,441 146,050 6,670 20,800 2,393 409 2,381 1.145 100 13,236 00 00 00 41 60 34 00 00 00 11 21 41 34 00 41 Date of Issue. Series. Value M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay Nov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 $193 182 171 161 151 141 131 121 112 103 94 86 77 69 61 54 46 39 32 25 18 12 6 Dues paid in advance . 11 23 62 23 04 10 40 92 68 65 87 27 90 75 82 11 65 39 34 50 85 39 10 Shares 77 114 137 105 121 100 114 218 162 273 272 237 326 315 445 357 790 653 868 891 795 1,343 1,473 $14,869 20,774 23,511 16,929 18,275 14,110 14,979 26,578 18,254 28,296 25,804 20,445 25,395 21,971 27,509 19,317 36,853 25,721 '28,071 22,720 14,985 16,639 8,985 47 22 94 15 84 00 60 56 16 45 64 99 40 25 90 27 50 67 12 50 75 77 30 431 00 $491,432 45 Dues capital Profits capital Unpaid dues $285,912 83 D ates op E x a m in a tio n and A udit , April 2 6 -M a y 1 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $2,365.41 4.69 Reconciliation of Share Account with Dues $119,866 00 7,100 83,300 4,940 19,800 273 28,815 966 5 452 16 519 165 55 394 16,843 Other Expenses. $839.35 1.68 $410,098 00 77,565 45 3,769 00 $491,432 45 208 REPO RT OF THE [Pub. Doc. RELIANCE CO-OPERATIVE BANK, CAMBRIDGE. 13 DUNSTER STREET. Incorporated July 16, 1889. Began business July 16, 1889. H erm an B ird , P r e sid e n t . E dw ard W . W h it e , T r e a su r e r . M . C. B e e d le , F. L. B e u n k e , H erm an B ir d , R obert B utter w o rth , E. W . C l ar k , A. S. K . C l ar k , W . 8. C ooledge , J. F. D o w n e y , A. W . H a in e s , W . H . L e r n e d , H . F. P e a k , S. I. B. Stodder , J. F. S u l l iv a n , C. H . T hom as , E. W . W h it e . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : R obert B utter w o rth , H erm an B ir d , F. L. B e u n k e , M . C. B e e d le , W . H. L e rn ed . Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Unpaid interest . Unpaid fines Permanent expense account Temporary expense account Personal accounts Insurance and taxes paid Cash ■$1,093,944 40,868 7,952 3,396 209 200 465 27 182 23,502 22 00 76 07 20 00 08 42 45 90 $950,097 00 165,106 00 Dues capital . . . . Profits capital . . . . 147 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest < Fines . . . . . Withdrawal profits Forfeited share account Security committee 29,400 16,860 2,010 6,399 233 430 197 13 00 02 12 20 97 46 S3 50 $1,170,748 10 $1,170,748 10 Membership. Shares. Issued during year . 4,895 Withdrawn during year . 3,154 Forfeited during year 35 Retired during year 2 Matured during year 341 Shares now pledged . 7,325 Shares in force . 20,947 Matured shares represented b y certificates 147 A dded during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . 4 5 0 . 335 2,359 625 Profits Distributed. * U nm atured Sh ares . First term, 134%; second term, 134%; third term, 134%; fourth term, 1J4%. M atured Sh are C e rtificates . First term, 134%; second term, 1J4%; third term, 134%; fourth term, 134%Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on series over 5 years old. Rates and Averages on Loans. 4 2 8 re a l estate lo a n s (average, $2,555.94 each; average rate, 5.24%): 5%, $575,600; 534%. $7,400; 5)4% , $900; o % % , $1,900; 534%, $502,744.22; 5%o%, $2,500; 6%, $2,900. 4 4 5 sh a re lo a n s (average, $91.83 each; average rate, 5.60%); 5%, $5,960; 534%, $20,450; 6%, $14,458. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,386.00 2.04 Other Expenses. $1,823.35 1.56 Total. $4,209 35 3.60 No. 8.] BANK COMMISSIONER, Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . ' Fines . . . . Transfer fees Withdrawal profits Profits capital Forfeited share account Matured share account Matured share certificate account . Personal accounts Security committee Guaranty fund . Insurance and taxes Certificate of deposit . Cash on hand October, 1915 $242,246 00 3,600 00 10,600 147,750 36,275 38 6,638 59,168 1,276 3 1,961 126 397 9,600 114 184 135 135 25,000 9,479 00 00 00 94 03 33 14 00 92 10 92 02 00 95 50 96 62 00 04 $554,731 47 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Real estate b y foreclosure Interest . . . . . Tem porary expense Permanent expense Forfeited share account Matured share account Matured share certificate account . Personal accounts Security committee Surplus . . . . . Insurance and taxes Dividend, matured share certificates Certificate of deposit . Cash on hand October, 1916 209 $116,125 182 292 50,127 18,048 11 103 17,699 282,569 24,385 3,690 613 3,853 104 44 397 1,600 67 190 136 67 920 20,000 13,502 00 00 00 00 84 16 70 31 22 00 86 54 65 75 00 02 00 74 00 06 47 25 00 90 Date of Issue. Series. Jan. July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. 1905 1905 1905 1906 1906 1906 1906 1907 1907 1907 1907 1908 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1916 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 Value _ Shares per Share. in Force. Total Value. $191 68 380 $72,838 40 181 12 159 28,798 08 175 96 104 18,299 84 170 83 183 31,261 89 165 85 133 22,058 05 160 90 112 18,020 80 155 96 83 12,944 68 151 07 299 45,169 93 146 29 129 18,871 41 141 54 136 19,249 44 136 85 167 22,853 95 132 23 232 30,677 36 127 65 218 27,827 70 123 11 154 18,958 94 118 65 164 19,458 60 114 23 189 21,589 47 109 87 206 22,633 22 105 55 162 17,099 10 101 30 207 20,969 10 97 09 364 35,340 76 92 93 350 32,525 50 88 82 220 19,540 40 84 75 358 30,340 50 80 76 545 44,014 20 76 80 402 30,873 60 72 91 335 24,424 85 69 04 369 25,475 76 65 23 478 31,179 94 61 45 271 16,652 95 57 75 345 19,923 75 54 07 581 31,414 67 50 46 693 34,968 78 46 87 653 30,606 11 43 33 522 22,618 26 39 83 593 23,619 19 36 36 945 34,360 20 32 94 463 15,251 22 29 55 626 18,498 30 26 23 581 15,239 63 22 95 1,218 27,953 10 19 70 897 17,670 90 16 49 641 10,570 09 13 32 846 11,268 72 10 18 1,186 12,073 48 7 08 1,085 7,681 80 4 02 1,069 4,297 38 1 00 894 894 00 Dues paid in advance . 2,563 00 $1,121,421 00 $554,731 47 Dues capital Profits capital Unpaid dues . $950,097 00 165,106 00 6,218 00 $1,121,421 00 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , March 13-20 inclusive. 210 REPO RT OF THE [Pub. Doc. REVERE CO-OPERATIVE BANK, REVERE. 365 BROADWAY. Incorporated October 1, 1901. Began business October 14, 1901. A l b e r t S. B u r n h a m , P r e sid e n t . A rthur C. P e n d e r g a s t , T r e a su r e r . B o a r d o f D ir e c t o r s : W. G . B o n d , N . S. B u r b a n k , A. S. B u r n h a m , A. H . C h il d , A. F. C o r n e l l , H . J. C o r n e l l , A. B . C u r t is , A. H . C u r t is , T . F. D r is c o l l , C . F. G a l l a g h e r , C h a r l e s G i l f i x , J. W . G l o v e r , J. S. H o d g e , D . C. L a n d r y , H . R . L a w l o r , F. P. M o r s e , I. P. P a r k , A. C. P e n d e r g a s t , A l l a n R o b in s o n , J. B . S h u r t l e f f , W . E . T a p p a n , G . H . T i l t o n , R . W . W o o d . S e c u r it y C om m itte e : A . S . B u r n h a m , H . J . C o r n e l l , H . R . L a w l o r . Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . . . Unpaid interest . . . Unpaid fines . . . Permanent expense account Cash . . . . Liabilities. . . . . $125,530 4,320 245 34 307 12,910 00 00 00 18 61 84 Dues capital . . . . Profits capital . . . . 19 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . $143,347 63 $112,750 00 21,143 35 3,800 00 1,592 07 4,062 21 $143,347 63 Membership. Shares. Issued during year . . . . Withdrawn during year . . . Forfeited during year . . . . Retired during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 690 451 8 10 22 827 2,442 19 A dded during year W ithdrawn during year Members Borrowers . . . . 104 67 377 96 Profits Distributed. U nm atured Sh ar es. First term, 2 % % ; second term, 2 % % . M atured S h a r e C e r t if ic a t e s . First term, 2 } 4 % , second term, 2M%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; 15% on series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none. Rates and Averages on Loans. (average, $1,588.99 each; average rate, 5.85%); 5%, $11,980; 5J^%, $15,750; 5 % % , $8,450; 6%, $81,800; 6M %, $6,100; 6M % . $600; 7M % , $850. 3 6 sh a re lo a n s (average, $120 each; average rate, 6% ): o % % , $225; 6%, $3,720; 6M%> $375. 7 9 re a l estate lo a n s Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $570.00 3 .9 8 Other Expenses. $340.48 2 .37 Total. $910.48 6.35 211 BANK COMMISSIONER, No. 8. Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Temporary expense Matured share certificate account . Cash on hand October, 1915 $29,315 00 2,800 25,725 2,165 7,903 223 2 275 12 1,000 3,134 00 00 00 67 44 50 28 21 00 77 $72,556 87 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Tem porary expense . » Permanent expense Matured share certificate account . Cash on hand October, 1916 $15,441 344 340 3,212 2,092 42 28 1,150 31,906 3,175 240 844 229 600 12,910 00 00 00 00 21 16 70 82 51 00 21 24 18 00 84 $72,556 87 Date of Issue. Series. pJra^ eare ¡jfporce. Total Value. N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 $197 186 176 165 155 146 136 127 118 109 100 92 84 76 68 60 53 46 39 32 25 18 12 6 23 53 12 87 93 19 73 43 38 51 87 48 27 25 43 82 37 13 03 09 35 76 34 09 $8,678 7,647 2,994 9,454 5,613 3,216 2,871 4,332 7,457 5,585 3,631 5,363 6,741 6,328 9,032 11,738 4,162 5,351 7,025 4,332 4,436 2,945 3,344 2,204 44 41 17 57 36 22 21 34 63 51 36 58 80 83 132 193 78 116 180 135 175 157 271 362 12 73 04 59 48 18 33 62 94 01 32 84 60 75 76 26 86 08 40 15 25 32 14 58 163 00 Dues paid in advance . $134,652 35 $112,750 00 21,143 35 759 00 Dues capital Profits capital Unpaid dues $134,652 35 D ates of E x a m in a t io n and A u d i t , A p ril 24, 25. ROCKLAND CO-OPERATIVE BANK, ROCKLAND. UNION STREET. Incorporated February 21, 1911. G eorge W. K elley, P r e sid e n t . Began business March 9, 1911. C h a r l e s J. H ig g in s , T r e a su r e r . B o a r d o f D ir e c t o r s : F . S. A l g e r , S. W. B a k e r , J. H . B u r k e , J. D . C a r n e y , C . L . C u r t is , E . S. D a m o n , A . W . D o n o v a n , J. F. G a r d n e r , F. J. G f. o g a n , C . J. H ig g in s , G . W . K e l l e y , E d w i n M u l r e a d y , D . M . O ’ B r i e n , J a m e s O ’ D o n o v a n , J. J. S p e n c e , J. W . S p e n c e , C . A . T o w n s e n d , C . E . V in a l . S e c u r it y C om m itte e : C. A. T o w nsend, S. W. B a k e r , D . M. O ’ B r i e n . Regular meetings for receipt of moneys the second Thursday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 212 [Pub. Doc, REPO RT OF TH E STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Unpaid fines Permanent expense account Tem porary expense account Cash . . . . . $168,472 6,505 75 131 83 15,921 93 00 48 82 00 04 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . . Interest . . . Transfer fees . . Withdrawal profits . . . . . . . . . . . . $166,161 22,548 536 284 1,622 00 24 00 85 90 50 35 78 $191,189 27 $191,189 27 Membership. Shares. Issued during year Withdrawn during year Shares now pledged Shares in force . . . 1,244 420 1,101 4,380 A dded during year W ithdrawn during year Members . . . Borrowers . . 158 59 578 141 . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 1 2 0 r e a l estate lo a n s (average, $1,403.94 2 9 sh a re lo a n s (average, $224.31 each; each; average rate, 6% ); 6%, $168,472.93. average rate, 6% ); 6%, $6,505. Total Expenses for Year. Salaries. $274.00 1.43 Amount paid for . Cost per $1,000 of assets R e c e ip t s . $48,673 20,500 2,365 3,948 9,880 338 1 450 150 19,152 00 00 00 80 78 41 25 56 60 56 $105,460 96 D is b u r s e m e n t s . Dues capital withdrawn . Profits capital withdrawn . Real estate loans . . Share loans . . . . Real estate b y foreclosure . Temporary expense . . Forfeited share account . Cash on hand October, 1916 . . . . . . . Total. $775.66 4 .0 5 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Suspense account . ; Cash on hand October, 1915 Other Expenses. $501.66 2 .6 2 $15,130 00 1,805 50 67,257 93 4,570 00 233 10 541 39 2 00 15,921 04 $105,460 96 Shares Date of Issue. Series. pS h a r e . in Force. Total Value. 1,068 $85,343 88 Mar. 1911 1 $79 91 63 2 4,776 66 75 82 June 1911 135 9,690 30 71 78 Sept. 1911 3 257 17,424 60 4 67 80 Dec. 1911 113 7,218 44 5 Mar. 1912 63 88 108 6,069 60 6 56 20 Sept. 1912 372 18,127 56 Mar. 1913 . 7 48 73 247 10,240 62 8 41 46 Sept. 1913 298 10,248 22 9 Mar. 1914 34 39 6,522 24 237 10 27 52 Sept. 1914 150 3,127 50 11 20 85 Mar. 1915 4,083 92 284 12 14 38 Sept. 1915 823 6,666 30 13 8 10 Mar. 1916 225 450 00 14 2 00 Sept. 1916 Suspense profits . Dues paid in advance . 40 184 00 $190,174 24 Dues capital Profits capital Unpaid dues $166,161 00 22,548 24 1,465 00 $190,174 24 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , June 12-14 inclusive. 213 BANK COMMISSIONER. N o. 8.] ROGER CONANT CO-OPERATIVE BANK, SALEM. 125 WASHINGTON STREET. Incorporated November 9, 1894. V in c e n t Began business Novem ber 13, 1894. S. P e t e b s o n , P r e s id e n t . C ake F. A . M obse, T re a su re r. B o a r d o f D ir e c t o r s : I. K . A n n a b l e , R . B. B u c k h a m , J. N . C l a r k , G. W . C r e e s y , G . B . F a b b i n g t o n , W . S. F e l t o n , J. H. G if f o r d , E . W . L o n g l e y , C. F. A . M o b s e , M . J. O ’K e e f e , V . S. P e t e b s o n . R . A . S t a n l e y , J. J. T i e b n e y , G . A . W i l k i n s , E . F. W o o d m a n . S e c u r i t y C om m itte e : R . B. B tjckh am , G. W . C h e e s y , J. H . G if f o r d , V. S. P e t e b s o n , G. A. W il k in s . Regular meetings for receipt of moneys the second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Real estate by foreclosure, etc. Unpaid interest . Insurance and taxes paid M ortgage balance Cash . . . . $477,945 8,651 2,941 1,147 84 49 23,428 00 00 91 80 15 00 57 Dues capital . . . . Profits capital . . . . 98 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Forfeited share account . . Dividend on matured share certifi cates . . . . . $404,864 00 68,825 50 19,600 5,741 13,890 895 430 50 $514,247 43 $514,247 43 Membership. Shares. Issued during year W ithdrawn during year Forfeited during year . M atured during year Shares now pledged Shares in force 00 00 90 53 . . 3,030 1,505 118 122 . 2,835 . 10,290 ificates 98 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . . 252 154 1,177 286 Profits Distributed. U n m a t u r e d Sh a r e s . M atured S h a r e C e r t if ic a t e s . First term, 2 ] 4 % \ second term, 2 }/ i% . Proportion of profits retained on voluntary withdrawals, 25% on all series less than 4 years old; after 4 years, none. Rates and Averages on Loans. 2 4 4 real estate loans (average, $1,958.79 4 2 share loans (average, $205.98 each; each; average rate, 6% ): 6%, $477,945. average rate, 6% ): 6%, $8,651. Total Expenses for Year. Am ount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,407.50 2.74 Other Expenses. $2,159.51 4.20 Total. $3,567.01 6 .9 4 214 REPO RT OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . Real estate loans eliminated b y foreclosure . Real estate loans eliminated b y maturity of shares Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Matured share account Matured share certificate account Surplus . . . . Mortgage balance Insurance and taxes Cash on hand October, 1915 $119,786 00 7,800 00 1,934 65,855 4,861 8,655 28,100 558 5 284 2 3,169 4,008 15,200 3 10 171 26,477 30 70 00 50 95 79 25 57 92 12 30 00 75 03 27 22 $286,884 67 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest Tem porary expense Forfeited share account Matured share account Matured share certificate account Mortgage balance Insurance and taxes Dividend on matured share certifi cates Cash on hand October, 1916 $44,150 2,847 17,636 6,602 513 6,711 153,300 7,936 8,562 138 3,567 2,607 4,008 4,000 59 255 00 00 00 87 94 25 00 00 18 63 01 47 30 00 03 42 Date of Issue. Series.. Value per Share, Nov. 1904 21 $199 19 22 M ay 1905 188 29 Nov. 1905 23 177 64 M ay 1906 24 167 28 N ov. 1906 25 157 14 26 M ay 1907 147 27 27 Nov. 1907 137 64 M ay 1908 28 128 24 1908 29 119 09 1909 30 110 15 31 Nov. 1909 101 42 32 M ay 1910 92 90 33 N ov. 1910 84 59 M ay 1911 34 76 49 35 68 60 Nov. 1911 36 M ay 1912 60 91 37 53 42 Nov. 1912 38 46 12 M ay 1913 39 39 01 Nov. 1913 M ay 1914 40 32 08 41 25 33 Nov. 1914 42 18 75 M ay 1915 43 12 34 N ov. 1915 44 M ay 1916 6 09 Dues paid in advance . Shares in Force. Total Value. 131 $26,093 89 99 18,640 71 152 27,001 28 86 14,386 08 101 15,871 14 100 14,727 00 169 23,261 16 47 6,027 28 83 9,884 47 139 15,310 85 122 12,373 24 109 10,126 10 131 11,081 29 259 19,810 91 271 18,590 60 622 37,886 02 714 38,141 88 598 27,579 76 798 31,129 98 1,023 32,817 84 961 24,342 13 929 17,418 75 1,084 13,376 56 1,562 9,512 58 844 00 $476,235 50 Dues capital Profits capital Unpaid dues 561 00 23,428 57 $286,884 67 D a t e s of E x a m in a t io n a n d A u d it , January 27-31 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. $404,864 00 68,825 50 2,546 00 $476,235 50 215 BAN K COMMISSIONER. No. 8.] ROSLINDALE CO-OPERATIVE BANK, BOSTON. 748 SOUTH STREET, ROSLINDALE. Incorporated March 7, 1898. Began business April 20, 1898. C harles H . A y e r s, T rea su rer. G e o r g e W . P. B a b b , P r e s id e n t . F. M . A l d r ic h , C. H. A y e r s , G . W . P. B a b b , H. H . C o l e , J. H. E a t o n , H. F. H u n T. K ir l e y , F. D . R a n d , H . A . S c h m id t , A . K . S p a u l d in g , S e r ia h S t e v e n s , F. R . W ood B o a r d o f D ir e c t o r s: ter, W. man. S e c u r it y C om m itte e : G. W. P. B a b b , H. H. C o l e , F. R . W o o d m a n . Regular meetings for receipt of moneys the fourth W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate . . . Loans on shares . . . . Permanent expense account . Tem porary expense account . C a s h .......................................... $156,950 3,700 338 44 15,430 00 00 93 83 39 Dues capital . , Profits capital . . . . 15 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . Fines . . . . . Withdrawal profits Forfeited share account Security committee $145,479 00 21,635 00 3,000 2,443 3,062 783 21 25 11 3 00 58 29 31 60 37 00 00 $176,464 15 $176,464 15 Membership. Shares. Issued during year . . . . W ithdrawn during year . . . Forfeited during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . M atured shares represented b y certificates 1,086 471 1 56 977 3,705 15 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . Ill 47 505 94 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2J^%; second term, 2 ) 4 % ■ M a t u r e d S h a r e C e r t if ic a t e s . First term, 2 ) 4 % ', second term, 2%. Proportion of profits retained i voluntary withdrawals, 20%. Rates and Averages on Loans. 7 6 r e a l estate lo a n s (average, $2,065.13 each; average rate, 5.20%); 5%, $93,300; 5J^%, 2 9 sh a re lo a n s (average, $127.58 each; average rate, 5.84%); 5%, $600; 6%, $3,100. $62,700; 6%, $950. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $458.00 2.59 Other Expenses. Total. $635.46 $1,093.46 3 .6 0 6.19 216 R E PO R T OF TH E Receipts and Disbursements. [Pub. Doc. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans repaid Share loans repaid Uncompleted mortgage loans Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Profits capital . . . . Forfeited share account M atured share account Matured share certificate account . Guaranty fund . . . . Security committee Cash on hand October, 1915 $41,219 20,050 4,350 100 8,492 155 396 194 6 6,766 1,000 94 36 12,192 00 00 00 00 11 76 75 63 88 00 74 00 97 00 41 $95,055 25 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Fines . . . . . Interest . . . . . Tem porary expense Permanent expense Matured share account Surplus . . . . _ . Dividend on matured share certifi cates . . . . . Security committee Cash on hand October, 1916 $17,774 6 8,278 2,184 2,938 36,750 2,950 100 221 943 488 6,766 94 00 00 00 14 74 00 00 00 60 62 46 93 74 97 91 66 36 00 15,430 39 Date of Issue. Series. Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 inS|*™ $194 183 173 163 154 144 135 126 117 109 100 92 84 76 68 61 54 46 39 32 26 19 13 7 1 00 67 62 78 18 76 61 57 72 10 70 46 39 55 83 34 00 80 80 94 23 69 31 08 00 20 12 40 22 29 38 37 42 73 84 89 96 153 131 76 154 127 211 240 264 241 364 394 489 279 Dues paid in advance . Total Value. $3,880 2,204 6,944 3,603 4,471 5,500 5,017 5,315 8,593 9,164 8,962 8,876 12,911 10,028 5,231 9,446 6,858 9,874 9,552 8,696 6,321 7,167 5,244 3,462 279 00 04 80 16 22 88 57 94 56 40 30 16 67 05 08 36 00 80 OO 16 43 16 14 12 00 191 OO $167,797 00 . Dues capital Profits capital Unpaid dues $145,479 00 21,635 00 683 00 $167,797 00 $95,055 25 D a t e s o f E x a m in a t io n a n d A u d it , January 17-19 inclusive. ROXBURY CO-OPERATIVE BANK, BOSTON. 1109 COLUMBUS AVENUE (ROXBURY DISTRICT). Incorporated October 3, 1889. Began business Novem ber 1, 1889. G eorge E . C o le , T r e a s u r e r _ J o seph E n g e l , P r e sid e n t . F. C. B l e il e r , G. E. C o l e , W . S. C o l e , M . J. C o l l in s , J o s e p h E n g e l , T . F„ H u n t , A . M . L e o n a r d , C h a r l e s L if f l e r , C h a r l e s L if f l e r , Jr., J. S. M a h o n e y , W . J. M c G l in c h y , J. F. M u n g o v a n , T . F. Q u in n , F. W . R u g g , F r a n k T u c k e r . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : F. C. B l e il e r , W . S. C o l e , T . F. H u n t , A . M . L e o n a r d . Regular meetings for receipt of moneys the first business day of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. . $648,555 17,061 2,218 134 24,850 00 00 86 92 59 $692,820 37 Dues capital Profits capital Guaranty fund . Surplus . . . . Forfeited share account . $567,904 103,300 12,015 9,494 106 00 52 10 75 00 $692,820 37 No. 8.] BANK COMMISSIONER. Shares. 217 Membership. Issued during year W ithdrawn during year Forfeited during year . Retired during year Matured during year Shares now pledged Shares in force . . 2,474 1,859 20 96 55 . 4,067 . 11,578 Added during year W ithdrawn during year Members . . . Borrowers . . . . . . . . 187 143 1,048 295 Profits Distributed. U n m a t c h e d Sh a r e s . First term, 2 % e % ; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 } 4 years old; 10% on series from to years old; after 8 H years, none. Rates and Averages on Loans. 2 8 7 r e a l estate lo a n s (average, $2,736.51 each; average rate, 5.16%): 5%, $464,535; 5J^%, $154,920; 6% , $29,100. 61 s h a re lo a n s (average, $279.69 each; average rate, 6% ): 6%, $17,061. Total Expenses for Year. Salaries. $1,642.00 2.37 Amount paid for . Cost per $1,000 of assets Other Expenses. Total. $635.12 $2,277.12 .92 3.29 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . $135,292 00 Dues capital Real estate loans repaid Share loans repaid Interest Fines Transfer fees Withdrawal profits Forfeited profits Temporary expense Forfeited shaVe account Retired share account . Matured share account Security committee Cash on hand October, 1915 20,852 00 33,666 61 668 00 75 1,004 43 1 40 491 02 40 00 18,880 28 10,032 50 90 00 8,878 30 $336,147 29 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Interest Temporary expense Forfeited share account Retired share account . Matured share account Security committee Cash on hand October, 1916 ' $71,462 40 13,799 8,035 11,312 6 5,081 2,904 150,185 00 00 00 00 55 80 28 55 00 114 2,768 5 18,880 10,032 120 24,850 60 14 00 28 50 00 59 Date of Issue. Series, pj/share. imForce. Total Value. Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 Dues paid in advance . o f Dues capital Profits capital Unpaid dues E x a m in a t io n a n d A u d it , February 7 -1 2 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 96 22 72 51 54 82 31 05 01 20 60 21 03 03 25 66 25 00 93 04 31 74 33 09 122 108 157 103 137 216 260 308 265 257 384 469 386 599 467 555 677 621 665 857 811 882 912 1,360 $24,029 20,111 27,588 17,047 21,308 31,497 35,440 39,131 31,272 28,064 38,630 43,246 32,435 45,541 31,872 33,666 36,050 28,566 25,888 27,458 20,526 16,528 11,244 8,282 12 76 04 53 98 12 60 40 65 40 40 49 58 97 75 30 25 00 45 28 41 68 96 40 923 00 $676,353 52 $336,147 29 D a tes $196 186 175 165 155 145 136 127 118 109 100 92 84 76 68 60 53 46 38 32 25 18 12 6 $567,904 00 103,300 52 5,149 00 $676,353 52 218 [Pub. D oc R E PO R T OF THE SALEM CO-OPERATIVE BANK, SALEM. 83 WASHINGTON STREET. Incorporated April 7, 1888. G eorge B o a rd Began business April 13, 1888. W . P i c k e r in g , P r e sid e n t . A lbert C. M a c k in t ir e , T rea su rer. o f D ir e c t o r s : G. A. B o d w e l l , R o b in D a m o n , J. C. E n t w i s l e , R . E . H i l l , E. P . L a n e , M a c k i n t i r e , G. W . P i c k e r in g , G. W . P i t m a n , H . E . R e y n o l d s , S. H. W i l k i n s . S e c u r it y C om m itte e : G. W . P i c k e r in g , G. W . P i t m a n , S. H. W A. C . il k in s . Regular meetings for receipt of moneys the second Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Unpaid interest . Unpaid fines Tem porary expense account Cash $1,172,240 34,893 2,600 5,324 638 539 93,015 00 00 00 52 71 07 95 $1,056,704 194,480 20,634 30,335 6,647 256 1 130 60 Dues capital Profits capital Guaranty fund . Surplus . Interest Fines Transfer fees Withdrawal profits Forfeited share account $1,309,251 25 $1,309,251 25 Membership. Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force 00 09 45 66 99 86 50 70 00 . . 5,793 4,040 43 414 . 6,972 . 24,587 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . 495 390 3,011 776 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2 % % ; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; after 4 years, none. Rates and Averages on Loans. (average, 1,641.79 each; average rate, 5.97%): 5%, $22,550; 5J^%, $7,400; 5 / 4 % , $22,725; 6%, $1,119,565. ¡2 4 3 sh a re lo a n s (average, $143.59 each; average rate, 6% ): 6%, $34,893. 7 1 4 r e a l estate lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $4,096.02 3.13 Other Expenses. $2,567.74 1.96 Total. $6,663.76 5.09 219 BANK COMMISSIONER. No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Date of Issue. Series. $286,202 00 Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 8,400 00 2,000 268,330 21,889 2,000 9,115 74,438 2,587 12 828 843 19 57 79,846 Transfer fees Withdrawal profits Forfeited share account Surplus . . . . Insurance and taxes Cash on hand October, 1915 00 00 00 00 33 81 18 75 83 69 35 70 69 $756,571 33 D is b u r s e m e n t s . $156,735 913 59,619 24,649 131 21,593 353,010 28,386 9,096 1,839 6,663 845 3 10 2 57 93,015 Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Temporary expense Forfeited share account Over and short account Personal accounts Surplus . . . . Insurance and taxes Cash on hand October, 1916 00 00 00 34 41 09 00 00 19 68 76 85 13 23 00 70 95 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 Value i n i l Total Value. 217 223 389 372 412 480 317 414 535 529 676 653 843 793 1,269 1,262 1,405 1,386 1,957 1,501 2,216 2,501 2,797 1,440 $41,568 40,311 66,207 59,490 61,754 67,257 41,381 50,193 60,005 54,640 63,983 56,308 65,804 55,557 79,033 69,044 66,526 55,689 64,972 39,641 43,876 33,413 19,858 1,440 56 77 20 92 89 12 54 24 16 29 65 23 06 06 28 71 35 18 20 41 80 36 10 1 00 $191 180 170 159 149 140 130 121 112 103 94 86 78 70 62 54 47 40 33 26 19 13 7 Dues paid in advance . . 52 71 80 24 68 60 18 36 60 41 40 19 58 58 32 02 75 48 40 41 80 36 70 00 1,578 00 $1,259,539 09 $1,056,704 00 194,480 09 8,355 00 Dues capital Profits capital Unpaid dues $1,259,539 09 $756,571 33 D ates of E x a m in a t io n and A u d it , April 3-10 inclusive. SANDWICH CO-OPERATIVE BANK, SANDWICH. JARVIS STREET. Incorporated October 1, 1885. E dwabd B. H ow land, Began business December 15, 1885. F letch er C l a r k , T rea su rer. P r e s id e n t . B o a r d o f D ir e c t o r s : E . S. C l a r k , F l e t c h e r C l a r k , H . E . C r o w e l l , E . W . H a i n e s , J. R . H o l w a y , E . B . H o w l a n d , E. S. S. K e i t h , T . F . K e l l e h e r , L . A . L a w , C . H . M o o e r s , J. P . N y e , E . S. T albot. S e c u r it y C om m itte e : J. R . H o l w a y , E . B. H o w l a n d , T . F. K e l l e h e r . Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Less amount due $373,750 00 5,250 00 Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Unpaid interest . Unpaid fines . . . . Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $368,500 9,500 3,580 6,712 1,565 170 42,609 00 00 00 11 78 71 14 $432,637 74 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account Matured share account Personal accounts $336,052 76,309 5,114 14,575 165 200 218 00 75 64 85 88 80 82 $432,637 74 220 REPO RT OF THE [Pub. Doc, Shares. Membership. Issued during year W ithdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force . 2,129 718 10 63 2,152 7,381 . . Added during year W ithdrawn during year Members . . . Borrowers . . . 214 67 969 329 . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 10%. Rates and Averages on Loans. (average, SI,216.17 each; average rate, 6.37%); 5%, $59,800; 534%, $1,100; 534%, $14,900; 5J4%, $18,800; 6%, $94,400; 634%, $10,800; 634%, $39,300; 634%, $11,100; 7%, $40,650; 734%, $9,750; 734%, $22,400; 734%, $13,800; 8%, $20,900; 834%, $5,300; 834%, $2,150; 9%, $2,300; 934%, $750; 934%, $300. 2 9 sh a re lo a n s (average, $327.58 each; average rate, 5.99%); 5%, $3,250; 534%, $1,050; 6%, $2,600; 634%, $400; 7%, $950; 734%, $200; 734%, $200; 8%, $350; 834%, $300; 934%, $200. S O S re a l estate lo a n s Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . . . . . . . . . . . Other Expenses. $698.69 1.61 Total. $1,615.69 3 .7 3 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Value Shares Date of Issue. Series. per Share. in Force. Total Value. 35 40 $198 78 $6,957 30 M ay 1905 194 36,287 70 41 187 05 Nov. 1905 42 175 65 168 29,509 20 M ay 1906 164 59 214 35,222 26 43 Nov. 1906 44 153 84 74 11,384 16 M ay 1907 1907 45 143 42 99 14,198 58 Nov. 46 133 30 87 11,597 10 M ay 1908 47 123 46 187 23,087 02 Nov. 1908 48 172 19,590 80 M ay 1909 113 90 114 49 104 63 11,927 82 Nov. 1909 50 222 21,232 08 M ay 1910 95 64 86 91 333 28,941 03 Nov. 1910 51 M ay 1911 52 78 43 218 17,097 74 53 199 Nov. 1911 70 19 13,967 81 54 62 20 243 15,114 60 M ay 1912 54 44 21,721 56 Nov. 1912 55 399 M ay 1913 368 17,255 52 56 46 89 532 21,051 24 Nov. 1913 57 39 57 32 46 522 16,944 12 M ay 1914 58 25 56 506 12,933 36 Nov. 1914 59 446 M ay 1915 60 18 87 8,416 02 12,724 53 Nov. 1915 61 12 39 1,027 M ay 1916 62 6,234 20 6 10 1,022 Dues capital . . . . Real estate loans eliminated b y foreclosure . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits . ' . Temporary expense Forfeited share account Matured share account Cash on hand October, 1915 $86,831 00 6,550 00 6,050 46,600 2,300 13,575 1,600 1,043 26,519 1,139 1 459 84 64 12,638 35,389 00 00 00 00 00 00 09 10 00 18 24 41 57 08 $240,843 67 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Uncompleted mortgage loans Real estate b y foreclosure Interest Temporary expense Forfeited share account Matured share account Matured share certificate account Taxes . . . . Dividend on matured share certifi cates . . . Cash on hand October, 1916 $27,299 64 8,745 5,072 2 3,831 108,200 5,700 10,075 6,610 218 1,699 309 12,437 7,800 13 00 00 00 11 44 20 00 00 00 94 37 93 75 77 00 02 ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and $414,467 75 Dues capital Profits capital Unpaid dues 156 00 42,609 14 A u d it , 1,072 00 Dues paid in advance . $240,843 67 D Salaries. $917.00 2 .1 2 August 9-11 inclusive. . . . . . . . . . . . . $336,052 00 76,309 75 2,106 00 $414,467 75 No. 8.] 221 BANK COMMISSIONER, SAUGUS CO-OPERATIVE BANK, SAUGUS. TOWN HALL, CENTRAL STREET. Incorporated M arch 31, 1911. Began business M ay 10, 1911. F r a n k P . B e n n e t t , Jr., P r e s id e n t . Jo s e p h G . B r y e r , T r e a s u r e r . B o a r d o f D ir e c t o r s : J. B . A l l e n , F. P . B e n n e t t , Jr., J. G. B r y e r , H. W . D y e r , G. L. L i t t l e , M il l s , W . L. C. N i l e s , H. A . P a r k e r , L. E. P a r s o n s , T . P . P a r s o n s , H. A . B . P e c k h a m , R a d d i n , C. H . S t o c k e r , W . P . T i l d e n , J o h n W a l k e y , D . B . W i l l i s . S e c u r it y C om m itte e : H . J. M il l s, H . A. P a r k e r , L. E . P a r s o n s , C. H . S t o c k e r , D . B. W H. J. J. A . il l is . Regular meetings for receipt of moneys the second W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS. 1916. Assets. Liabilities. Loans on real estate . . . Loans on shares . . . . Unpaid interest . . . . Permanent expense account . Tem porary expense account . C a s h .......................................... $56,750 4,665 153 42 43 3,167 00 00 95 74 61 51 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account $57,732 6,712 310 24 43 $64,822 81 $64,822 81 Shares. Issued during year . W ithdrawn during year Forfeited during year . Shares now pledged . Shares in force . . Membership. . . . . . 00 28 41 14 98 . . . . . . . . . . 593 306 10 446 1,904 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . 79 40 278 56 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 3%; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 2 years old; after 2 years, none. Rates and Averages on Loans. 3 9 r e a l estate lo a n s (average, $1,455.12 1 7 sh a re lo a n s (average, $274.41 each; each; average rate, 5.93%): 5J^%, $7,900; 6%, $48,850. average rate, 6% ): 6%, $4,665. Total Expensesffor Year. Salaries. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other Expenses. $300.48 4 .6 3 Total. $300.48 4.63 [Pub. Doc, REPO RT OF TH E 222 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Withdrawal profits Profits capital Forfeited share account Personal accounts Surplus . . . . Cash on hand October, 1915 $22,319 14,200 1,908 3,370 127 20 89 2 6 1,423 00 00 80 64 44 59 90 20 14 07 14 $43,467 92 Value Shares Date of Issue. Series. per Share. in Force. Total Value. $77 71 253 1 $19,660 63 M ay 1911 49 2 69 62 3,411 38 N ov. 1911 28 61 73 1,728 44 M ay 1912 3 91 07 4 54 4,920 37 Nov. 1912 212 46 63 9,885 56 5 M ay 1913 158 39 40 6,225 20 6 Nov. 1913 32 36 166 5,371 76 M ay 1914 7 230 8 25 51 5,867 30 N ov. 1914 9 18 85 138 2,601 30 M ay 1915 12 38 273 3,379 74 10 Nov. 1915 6 10 11 306 1,866 60 M ay 1916 Dues paid in advance . D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans Temporary expense Permanent expense Forfeited share account Personal accounts Profits capital Surplus . . . . Cash on hand October, 1916 $8,763 313 850 48 26,100 3,400 272 61 440 2 6 43 3,167 00 00 36 47 10 00 22 00 30 14 07 75 51 79 00 $64,997 28 $57,732 00 6,712 28 553 00 Dues capital Profits capital Unpaid dues $64,997 28 $43,467 92 D ates o f E xam in a tio n and A ud it , October 4 -6 inclusive. SECURITY CO-OPERATIVE BANK, BROCKTON. 87 MAIN STREET. Incorporated December 17, 1877. Began business December 20, 1877. B radford E . Jones , P r e sid e n t . G ran t D . A n t h o n y , T r e a su r e r . D . A n th o ny , C. R . B arr ett , O. B. B r a y , J. T . C orcoran , Sa m ue l G o o dw in , J. W . H a ll , S. M . H a y w a r d , E mbert H o w ar d , B. E . Jones , K e nne th M cL eod , J. B . N y e , F. H . P ack ard , A . P. P oole , H . A . P oole , E . F. P ope , G . A . T hatch er , E . M . T hompson , E . T . V in a l , H . E . W illiam s , B . B . W in s l o w . B o a r d o f D ir e c t o r s : G . S e c u r it y C om m itte e : H . A . P oole , J. W . H a ll , S. M . H a y w a r d . Regular meetings for receipt of moneys the third Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS. 1916. Assets. Liabilities. Loans on real estate $1,731,020 00 Less amount due 7,520 00 --------------------- $1,723,500 00 Loans on shares . . . . 58,470 00 Comm on form mortgages . . 4,800 00 Real estate b y foreclosure, etc. . 11,897 24 Permanent expense account . 2,108 51 Insurance and taxes paid . . 209 73 C a s h ........................................... 8,595 66 Dues capital . $1,359,071 00 Profits capital 238,355 73 580 matured shares represented b y certificates 116,000 00 Guaranty fund . 36,200 00 Surplus 23,531 24 Interest 34,197 24 Fines 406 72 Transfer fees 8 50 Withdrawal profits 1,044 84 Forfeiture profits 33 Forfeited share account 54 54 Personal accounts 88 00 623 00 Insurance account $1,809,581 14 $1,809,581 14 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. Shares. Issued during year . W ithdrawn during year Forfeited during year . . Retired during year Matured during year . Shares now pledged . Shares in force . . Matured shares represented 223 Membership. . . . . . . . . . . . . . . . . . . . . . b y certificates 7,251 3,902 75 229 791 10,856 28,634 580 661 418 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . . . 3,071 1,033 Profits Distributed. U nm atured Sh ak e s . First term, 2 % % ; second term, 2% % . M atured Sh ak e C ertificates . First term, 2J^%; second term, 234%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on series from 5 to 8 years old; after 8 years none. Rates and Averages on Loans. 8 3 8 re a l estate lo a n s (average, $2,056.68 3 3 1 s h a re lo a n s (average, $176.64 each; each; average rate, 5.63%); 5J4%, $1,258,105; 6%, $465,395. average rate, 5.50%): 5)4% , $58,470. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . . . . Receipts and Disbursements. . Salaries. $3,918.34 2. 16 $340,306 00 12,450 00 29,650 318,125 41,885 24,795 16,023 99,142 3,711 18 1,952 34 2,018 70,200 264 2,012 10,120 00 00 00 00 78 70 07 25 69 04 80 00 00 28 90 $972,709 51 D isbursem ents . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Forfeited share account Retired share account . Matured share account . • . Matured share certificate account . Personal accounts Insurance and taxes Cash on hand October, 1916 $146,731 962 32,577 113,457 25,839 94 12,242 42,276 485,720 44,810 21,050 3,500 13,663 3,906 5,726 1,050 1,820 3,132 3,753 264 1,535 8,595 1 .0 0 00 00 00 00 98 92 34 90 00 00 00 00 72 81 08 98 11 60 33 00 08 66 Date of Issue. Series June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 Value $185 174 164 154 144 134 125 116 107 98 90 81 74 66 58 51 44 37 30 23 17 11 5 49 77 33 16 25 63 25 13 25 59 18 99 01 24 68 32 16 19 40 80 36 10 00 Shares 337 593 440 617 559 677 487 702 574 847 884 1,186 1,134 1,291 1,039 1,446 1,423 2,113 1,471 2,479 1,754 3,667 2,914 Total Value. $62,510 103,638 72,305 95,116 80,635 91,144 60,996 81,523 61,561 83,505 79,719 97,240 83,927 85,515 60,968 74,208 62,839 78,582 44,718 59,000 30,449 40,703 14,570 Dues paid in advance . 13 61 20 72 75 51 75 26 50 73 12 14 34 84 52 72 68 47 40 20 44 70 00 2,430 00 $1,607,811 73 Dues capital Profits capital Unpaid dues $972,709 51 D a tes of E xam in a tio n and A u d it , N ovember 27-D ecem ber 8 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $5,726.08 3 .16 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans eliminated b y foreclosure . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Matured share account Matured share certificate account . Personal accounts Insurance and taxes Cash on hand October, 1915 Other Expenses. $1,807.74 . $1,359,071 00 238,355 73 10,385 00 $1,607,811 73 * 224 REPO RT OF THE [Pub. Doc, SHARON CO-OPERATIVE BANK, SHARON. POST OFFICE SQUARE. Incorporated January 19, 1912. Began business February 12, 1912. J. E v e le th G e iff it h , P r e s id e n t . N a th a n ie l W h e e l e k , T r e a s u r e r . F. V. B r it t a in , W . E. C l ar k , A . P . C olbu rn , J. F. C r im m in s , A . W . C u r tis , J. A . C u sh m an , G . A .'D e n n e t t , J. R . G il le spie , J. E. G r iffith , V. M . H a w k in s , A . S. H ix s o n , F. A . P r inc e , T . F. Q u in n , J. J. R a f t e r , C. F. R io r d a n , A . C. S ampson , F. E. W a lt e r , N a th a n ie l W h e e l e r . B o a r d o f D ir e c t o r s : W illiam A lbrech t , S e c u r it y C om m itte e : W . E . C l a r k , F. V. B r itt a in , G . A. D e n n e t t , J. R . G il le spie , J. J. R a ft e r . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Permanent expense account Tem porary expense account Cash . . . . Liabilities. . $52,505 5,614 230 60 74 3,301 00 00 20 00 23 47 Dues capital Profits capital Guaranty fund . Surplus . . . . Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited share account Security committee $54,992 5,220 286 279 909 16 00 44 62 13 71 62 25 36 83 15 80 27 50 $61,784 90 $61,784 90 Shares. Membership Issued during year W ithdrawn during year Forfeited during year . Shares now pledged Shares in force . 450 323 1 500 1,690 A dded during year Withdrawn during year Mem bers . . . Borrowers . . . . . 52 38 222 58 Profits Distributed. U nm aturbd Sh a r e s . First term, V / % % \ second term, 1 K % ; third term, l/4i% ; fourth term, 1% % • Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. S 3 r e a l estate lo a n s (average, $1,591.06 8 4 sh a re lo a n s (average, $165.12 each; each; average rate, 5.91% ): 5J^%, $8,800; 6%, $43,705. average rate, 6% ): 6%, $5,614. Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $125.00 2 .0 2 Other Expenses. $138.23 2 .2 4 Total. $263.23 4 .2 6 225 BANK COMMISSIONER. . No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R ece ip ts . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines ' . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Profits capital Security committee Guaranty fund . Cash on hand October, 1915 $20,193 6,450 1,955 2,999 72 2 133 24 67 20 37 00 00 00 54 04 25 65 55 24 10 50 77 33 $31,955 97 D isbursements. Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Interest . . . . . Temporary expense Permanent expense Forfeited share account Security committee Surplus . . . . . Cash on hand October, 1916 $7,510 23 534 2 15,805 4,434 14 248 20 33 2 27 3,301 00 00 24 21 00 00 05 23 00 40 50 87 47 Value Shares Date of Issue. Series. per Share. in Force. Total Value. $25,221 28 392 1 $64 34 Feb. 1912 52 2 3,147 56 M ay 1912 60 53 85 4,824 60 56 76 Aug. 1912 3 33 1,750 32 4 53 04 N ov. 1912 49 38 20 987 60 Feb. 1913 5 47 2,151 19 6 45 77 M ay 1913 42 20 23 970 60 Aug. 1913 7 89 3,442 52 38 68 8 N ov. 1913 144 9 35 21 5,070 24 Feb. 1914 1,144 44 10 31 79 36 M ay 1914 133 3,778 53 11 28 41 Aug. 1914 12 25 08 29 ' 727 32 N ov. 1914 13 21 7981 1,764 99 Feb. 1915 1,391 25 14 18 55 75 M ay 1915 15 36 56 860 16 Aug. 1915 15 12 21 142 16 1,733 82 N ov. 1915 17 9 10 121 1,101 10 Feb. 1916 s 385 92 M ay 1916 18 6 03 64 19 68 204 00 Aug. 1916 3 00 . . Dues paid in advance . 149 00 $60,806 44 Dues capital Profits capital Unpaid dues . . . . . . . . . . . . $54,992 00 5,220 44 594 00 $60,806 44 $31,955 97 D a tes of E x a m in a tio n and A u d it , August 23-25 inclusive. SHAWMUT CO-OPERATIVE BANK, BOSTON. 1769 DORCHESTER AVENUE (DORCHESTER DISTRICT). Incorporated December 29, 1913. Began business January 19, 1914. P eter J. M cC a r t h y , P r e s id e n t . T homas R ush , T r e a su r e r . o f D ir e c t o r s : N . A. B ur ck h art , C . A . C l ev e la n d , M . C . C o n e , H . R . C r a n e , J. E . D a l e y , J. H . D e v e n n e y , J. W . D o u se , S id n ey D u n n , A lbert F ell o w s , T . H . H a n l o n , T . D . L a v e l l e , A . J. M a h a n , P. J. M cC a r t h y , M . H . M ur ph y , W . H . P a r k e r , R e u b en R u sh , T homas R ush , J. J. W a l l , G . P. W a r d n e r . B o a rd S e c u r it y C om m itte e : T . H . H a n l o n , J. W . D ouse , J. J. W a l l . Regular meetings for receipt of moneys the third M onday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 226 REPO RT OF TH E [Pub. Doc, STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Less amount due $76,200 00 850 00 -----------------Loans on shares . . . . Unpaid fines . . . . Permanent expense account . Tem porary expense account . C a s h ........................................... $75,350 00 2,843 00 21 28 398 06 31 49 2,379 19 Dues capital . . . . Profits capital . . . . Guaranty fund . . Surplus . . . . . Interest . . . . Fines . . . . . Forfeited share account . $75,621 00 4,336 44 176 56 82 34 321 02 34 66 451 00 . . . $81,023 02 S hares. Issued during year . . W ithdrawn during year . Forfeited during year . . Shares now pledged . . Shares in force . . . $81,023 02 Membership. . . . . . . . . . . 1,109 863 29 628 3,521 Added during year W ithdrawn during year Members Borrowers . 129 138 503 62 • • Profits Distributed. U nm atured Sh ar e s . First term, 1M%; second term, 1J4%; third term , 1M%; fourth term, 1 ! 4 % . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 8 7 r e a l estate lo a n s (average, $2,822.22 each; average rate, 5.50% ): 5J^%, 4 8 s h a re lo a n s (average, $67.69 each; average rate, 6% ); 6%, $2,843. $75,350. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . Salaries. $78.00 1.03 . R eceipts . . . . . . $40,963 5,500 2,777 5,000 3,642 186 2 559 18 2,346 00 00 00 00 61 00 25 94 00 74 30 $60,995 84 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Uncompleted mortgage loans Tem porary expense Forfeited share account Surplus . . . . . Cash on hand October, 1916 $15,152 451 766 31 31,600 4,335 5,850 287 140 2 2,379 Value _ Shares Date of Issue. Series. pei Shaie. Total Value. in Toice. 1,334 Jan. 1914 1 $36 40 $48,557 60 April 1914 2 33 00 136 4,488 00 29 62 54 1,599 48 July 1914 3 78 4 26 28 2,049 84 Oct. 1914 182 Jan. 1915 22 98 '4,182 36 5 202 April 1915 19 72 3,983 44 6 345 5,692 50 July 1915 7 16 50 13 32 290 3,862 80 Oct. 1915 8 389 Jan. 1916 9 10 18 3,960 02 162 7 08 1,146 96 April 1916 10 172 11 4 02 691 44 July 1916 177 12 1 00 177 00 Oct. 1916 Dues paid in advance . 00 00 64 22 Dues capital 00 00 Profits capital Unpaid dues 00 85 ■ 00 94 19 $60,995 84 D a tes op E x a m in a tio n an d A u d it , August 28, 29. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $413.81 5 .1 7 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital . . . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Interest . . . . Fines . . . . Transfer fees . . . Forfeited profits . Forfeited share account Surplus . . . . Cash on hand October, 1915 Other Expenses. $335.81 4 .1 4 420 00 $80,811 44 $75,621 00 4,336 44 854 00 $80,811 44 No. 8.] BANK COMMISSIONER. 227 SHIRLEY CO-OPERATIVE BANK, SHIRLEY. BOSTON & MAINE R.R. STATION. Incorporated December 27, 1907. Began business January 1, 1908. D . C hester P arson s , P r e s id e n t . W illiam H . W il b u r , T r e a s u r e r . A . L. A n n is , G. F. B u x t o n , A . E . F elch , F r a n k G r egory , C. H. H a r t , E . N. L iv e r m o r e , H . H . L y n c h , C . W . M arsh all , T . F. M u l le n , D . C. P arson s , J. T . S m ith , J. M . S t ev e n so n , W . H . W il b u r . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : W . H. W il b u r , E . N . L iverm or e , J. M . Stev e n so n . Regular meetings for receipt of moneys the second W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. $33,900 785 21 32 7 1,547 Loans on real estate Loans on shares . Permanent expense account Tem porary expense account Profit and loss . . ■. Cash . . . . 00 00 48 87 81 90 Dues capital . Profits capital . Guaranty fund . Surplus . . Interest . . Fines . . Withdrawal profits . . . . . . . . . . . . . . . . . . $31,193 4,248 296 399 148 6 2 $36,295 06 00 56 70 57 33 46 44 $36,295 06 Membership. . Shares. 239 182 204 817 Issued during year W ithdrawn during year Shares now pledged Shares in force A dded during year Withdrawn during year Members . . . Borrowers . . . . . 40 31 176 48 . . Profits Distributed. U nm atured Sh ar e s . First term, 2}^%; second term, X ] 4 % \ third term, 1/4% ; fourth term, 1 } 4 % - Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 20% on series from 4 to 6 years old; 10% on series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none. * Rates and Averages on Loans. 8 7 re a l estate lo a n s (average, $916.22 each; average 1 1 sh a re lo a n s (average, $71.36 each; average rate, rate, 5.33% ): 5%, $22,690; 6%, $11,210. 6 % ): 6%, $785. Total Expenses for Year. Am ount paid for . . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . Salaries. $101.00 2 .78 Other Expenses. $58.39 1.61 Total. $159.39 4 .3 9 \ 228 REPO RT OF THE R e ce ip ts a n d D isb u rsem en ts. Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . Fines . Withdrawal profits Cash on hand October, 1915 . $9,460 500 890 1,741 51 88 413 00 00 00 71 90 27 76 $13,145 64 D isbu rsem ents . Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans . . . Interest . . . . Tem porary expense Permanent expense Forfeited share account Profit and loss . . . Cash on hand October, 1916 . . $6,087 701 4,050 545 5 159 21 20 7 1,547 00 55 00 00 51 39 48 00 81 90 $13,145 64 [Pub. D oc R e c o n c ilia tio n o f S hare A c c o u n t w it h D u es a n d P rofits C ap ita l. Value Shares Date of Issue. Series. Total Value. Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. April July Oct. 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 $131 122 114 105 97 89 81 73 65 57 50 43 36 29 23 16 10 7 4 1 60 99 37 82 36 13 04 15 45 92 60 45 47 66 02 54 21 08 02 00 19 10 29 17 2 33 56 35 43 29 55 47 63 37 38 90 83 25 72 34 $2,500 1,229 3,316 1,798 194 2,941 4,538 2,560 2,814 1,679 2,783 2,042 2,297 1,097 874 1,488 847 177 289 34 Suspense profits . Dues paid in advance . 40 90 73 94 72 29 24 25 35 68 00 15 61 42 76 60 43 00 44 00 3 65 197 00 $35,706 56 Dues capital Profits capital Unpaid dues $31,193 00 4,248 56 265 00 $35,706 56 D ates of E x a m in a tio n and A u d it , September 18, 19. SOMERVILLE CO-OPERATIVE BANK, SOMERVILLE. 60 UNION SQUARE. Incorporated M ay 4, 1880. J. F r an k W Began business June 7, 1880. elling ton , P r e s id e n t . D a n ie l S. F a r n u m , T r e a s u r e r . F. C. A y e r , A . C. A sh ton , A . W . B l a k e , E . P. C a r r , C . C. C r o w e l l , D . S. F a r n u m , A . B . H o w e , M . G. K e n n y , T . H . L o c ke , F ulton O ’B r io n , L. A . P e n n e y , J. S. P i k e , S. T . R ichards , C. A . S l ag er , I. B . W a l k e r , B . T . W il listo n , J. F. W ellin g to n . B o a r d o f D ir e c t o r s : S e c u r it y C o m m itte e : I. B. W a l k e r , C . A. S l ag er , L. A . P e n n e y . Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT^THE CLOSE OF THE OCTOBER BUSINESS, 1916. A ssets. Loans on real estate Loans on shares . Comm on form mortgages Permanent expense account Tem porary expense account Suspense account Cash . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,246,950 51,370 3,750 900 306 1 75,957 00 00 00 00 38 60 25 $1,379,235 23 L ia b ilitie s. Dues capital Profits capital Guaranty fund . Surplus Interest Fines Transfer fees W ithdrawal profits Forfeiture profits Forfeited share account $1,121,451 216,495 22,800 11,421 5,967 203 00 91 00 97 98 09 75 157 76 4 04 732 73 $1,379,235 23 229 BANK COMMISSIONER. No. 8.] Membership. Shares. Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force . . . . . . . . . . . 4,048 2,953 93 552 7,597 21,568 . . . . . . . A dded during year Withdrawn during year Members . . . Borrowers . . . . . 385 381 2,413 799 . . Profits Distributed. U nm atured Sh a r e s. First term, 2Y%\ second term, 2J^%. Proportion of profits retained on voluntary withdrawals, on series less than 4 years old, H of last divi dend; on series from 4 to 8 years old, Y i of last dividend; on series over 8 years old, M of last divi dend. Rates and Averages on Loans. 6 0 7 re a l estate lo a n s (average, $2,054.28 1 9 2 sh a re lo a n s (average, $267.55 each; each; average rate, 5.03% ); 5%, $1,170,700; 5 Y % , $76,250. average rate, 5.02% ); 5%, $48,980; 5J^%, $2,390. Total Expenses for Year. Salaries. $3,020.50 2 .19 Amount paid for . Cost per $1,000 of assets R eceipts . $250,730 00 10,800 00 19,450 245,200 23,850 50 11,572 66,323 1,968 12 1,281 19 1,280 40 188 24 68,638 00 00 00 00 17 01 87 50 55 37 69 00 36 52 34 $701,429 38 D isbu rse m e nts . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Tem porary expense Forfeited share account Suspense account Insurance and taxes Certificate of deposit . Cash on hand October, 1916 $130,826 1,461 81,073 20,196 140 28,966 314,000 27,330 3,800 11,409 910 4,462 727 34 133 25,000 50,957 00 00 00 49 42 26 00 00 Dues paid in advance . . 1,379 00 $1,343,376 91 00 75 80 85 50 08 98 00 25 Shares Total Value. in Force. 303 $59,900 07 397 74,246 94 318 56,155 62 304 50,600 80 47,263 00 302 92,458 80 630 533 73,170 24 81,036 66 633 56,039 58 471 677 74,578 32 64,287 48 633 71,088 71 763 52,347 68 616 76,836 02 998 59,096 80 854 55,686 40 904 921 49,899 78 60,505 66 1,289 44,785 24 1,123 46,087 03 1,397 26,059 84 992 32,873 24 1,667 21,274 68 1,596 2,048 14,520 32 1,199 00 1,199 Value Date of Issue. Series. per Share. 50 $197 69 Oct. 1904 187 02 April 1905 51 52 176 59 Oct. 1905 166 45 53 April 1906 156 50 54 Oct. 1906 146 76 55 April 1907 137 28 56 Oct. 1907 128 02 April 1908 57 118 98 58 Oct. 1908 59 110 16 April 1909 101 56 Oct. 1909 60 93 17 April 1910 61 84 98 62 Oct. 1910 76 99 April 1911 63 69 20 64 Oct. 1911 65 61 60 April 1912 66 54 18 Oct. 1912 67 46 94 April 1913 39 88 68 Oct. 1913 32 99 69 April 1914 26 27 70 Oct. 1914 19 72 71 April 1915 72 13 33 Oct. 1915 73 7 09 April 1916 1 00 74 Oct. 1916 Dues capital Profits capital Unpaid dues $701,429 38 D a tes of E x a m in a tio n and A u d it , January 17-24 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $5,262.85 3.81 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Personal accounts Insurance and taxes Suspense account Cash on hand October, 1915 Other Expenses. $2,242.35 1.62 . $1,121,451 00 216,495 91 5,430 00 $1,343,376 91 [Pub. Doc. RE PO R T OF THE 230 SOUTH BOSTON CO-OPERATIVE BANK, BOSTON. 362 BROADWAY, SOUTH BOSTON. Incorporated June 9, 1913. Began business June 21, 1913. James A. K il e y , T r e a su r e r . J oseph C . G a l l iv a n , P r e s id e n t . S. R . B ur dick , J. A . C r o n in , J. P. D em p sey , J. C. G a l l iv a n , W . H . G r if f in , E. L. H opkins , F. W . H organ , J. A. K il e y , J. P. K ir b y , E. F. M a r t in , J. J. M cG o w a n , J. J. M c N a m a r a , W il lia m M orrissey , P. B . M ur ph y , A . F. R . N o r e ll in e , W illiam P . Sh e e h a n , E . T . A . W elch . B o a r d o f D ir e c t o r s : S e c u r i t y C o m m itte e : J. P. D em p sey , F. W . H organ , E . L. H o p k in s . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Permanent expense account Tem porary expense account Cash . . . . $35,335 2,396 170 30 8,758 00 00 00 50 36 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . . Interest . . . Fines . . . Forfeited share account Suspense account . . . . . . . . . . . . $43,290 2,910 77 41 303 6 60 $46,689 86 00 10 60 87 23 25 09 72 $46,689 86 Shares. Membership. Issued during year W ithdrawn during year Shares now pledged Shares in force . 406 403 335 1,598 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . 49 58 221 40 Profits Distributed. U nm atured Sh a r e s . First term, 1 } 4 % ', second term, 1M%! third term, V / s % \ fourth term, V / % % . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 2 2 re a l estate lo a n s (average, SI,606.14 1 8 sh a re lo a n s (average, S 133.ll each; each; average rate, 5.50% ): 5 lA % , S35,335. average rate, 6% ): 6%, $2,396. Total Expenses for Year. Salaries. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other Expenses. $206.78 4 .4 3 Total. $206.78 4 .4 3 BAN K COMMISSIONER. No. 8.] 231 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Shares Value Date of Issue. Series. per Share. in Force. Total Value. 547 $24,188 34 $44 22 1 June 1913 5,216 00 128 2 40 75 Sept. 1913 132 4,926 24 37 32 3 Dec. 1913 92 3,118 80 33 90 Mar. 1914 4 47 1,435 85 5 30 55 June 1914 299 31 11 27 21 6 Sept. 1914 2,607 28 109 23 92 7 Dec. 1914 1,034 00 50 20 68 Mar. 1915 8 41 715 86 17 46 9 June 1915 149 2,130 70 14 30 10 Sept. 1915 152 1,696 32 11 16 11 Dec. 1915 79 638 32 Mar. 1916 12 8 08 271 08 54 5 02 13 June 1916 14 00 7 14 2 00 Sept. 1916 Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Tem porary expense Forfeited share account Suspense account Surplus . . . . Cash on hand October, 1915 $19,489 5,715 2,986 1,873 145 00 00 50 96 22 25 20 00 92 60 72 16 2,172 82 $32,496 23 D isbu rsem ents . Dues capital withdrawn Profits capital withdrawn Real estate loans Share loans . . . . Tem porary expense Forfeited share account Surplus . . . . . Cash on hand October, 1916 $7,940 344 12,550 2,481 131 285 5 8,758 00 46 00 50 25 66 00 36 $32,496 23 Dues paid in advance . 341 00 $48,633 10 $43,290 00 2,910 10 2,433 00 Dues capital Profits capital Unpaid dues $48,633 10 D a tes of E x a m in a t io n an d A u d it , August 29-September 1 inclusive. SOUTHBRIDGE CO-OPERATIVE BANK, SOUTHBRIDGE. I l l MAIN STREET. Incorporated M arch 8, 1910. Began business April 7, 1910. W ilfred J. L a m o u r e u x , P r e s id e n t . J. A natole C a r o n , T r e a s u r e r . H . U. B a il , J. L. B e r t h iau m e , D a v id B l a in , J. B . D em er s , E . D . D esrosiers , A . L. D esa u ln ie r s , A n t o in e D uplessis , F e l ix G a t in e a u , R onaldo G u il m e t te , V ictor L a p er l e , E . N . L a r ich el ie r e , S tan islas M a t t e , E ljebert O u e l le t te , W ilhibald P oir ie r , L. O. R ientord . B o a r d o f D ir e c t o r s : S e c u r i t y C o m m itte e : H . U. B a il , J. B . D em e r s , A.. L. D e sa u ln ie r s . Regular meetings for receipt of moneys the first Thursday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 232 REPO RT OF TH E [Pub. Doc, STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Unpaid fines Tem porary expense account Cash . . . . $86,750 00 5,470 00 12 88 30 1,548 84 Dues capital . Profits capital . Guaranty fund . Surplus . . Interest . . Withdrawal profits . . . . . . . . . . . . . . . $81,493 11,082 637 290 210 67 $93,782 02 00 81 47 43 53 78 $93,782 02 Shares. Membership. Issued during year Withdrawn during year Shares now pledged Shares in force 806 287 551 2,556 . Added during year W ithdrawn during year Members . . . Borrowers . . . . . . . 78 39 326 58 Profits Distributed. U nm atured Sh ar e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 20% on series less than 6 years old; 15% on series from 6 to 8 years old; 10% on series from 8 to 10 years old; 5% on series over 10 years old. Rates and Averages on Loans. 8 4 re a l estate lo a n s (average, $2,551.47 Z 4 sh a re lo a n s (average, $227.91 each; each; average rate, 6% ): 6%, $86,750. average rate, 6% ): 6%, $5,470. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . . . . . . . . . Salaries. - . . R eceipts . . . . . . . . . . . $26,980 7,100 1,385 4,739 80 172 17 00 00 00 32 25 50 88 $40,474 95 D isbu rsem ents . Dues capital withdrawn Profits capital withdrawn Real estate loans . Share loans . . . Tem porary expense . Cash on hand October, 1916 . . . . . . . . . . Total. $61.41 . 65 Reconciliation of Share Account with Dues and Profits Capital. R e ce ip ts a n d D is b u rs em en ts . Dues capital . . . Real estate loans repaid Share loans repaid . Interest . . . . Fines . . . . Withdrawal profits . Cash on hand October, 1915 Other Expenses. $61.41 . 65 $7,413 00 901 70 26,000 00 4,550 00 61 41 1,548 84 Date of Issue. Series. April O ct. April Oct. April Oct. April Oct. April Oct. April Oct. April O ct. 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Value Shares Total Value. per Share. in Force. $95 74 237 $22,690 38 87 41 48 4,195 68 79 14 92 7,280 88 70 98 38 2,697 24 63 01 224 14,114 24 55 27 142 7,848 34 47 77 151 7,213 27 40 49 168 6,802 32 191 33 41 6,381 31 76 26 54 2,017 04 19 87 287 5,702 69 13 39 208 2,785 12 7 10 383 2,719 30 1 00 311 311 00 Dues paid in advance . $40,474 95 156 00 $92,914 81 Dues capital Profits capital Unpaid dues $81493 00 11,082 81 339 00 $92,914 81 D ates of E x a m in a t io n an d A u d it , June 12, 13. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER No. 8.] 233 SOUTH SHORE CO-OPERATIVE BANK, WEYMOUTH. 50 COMMERCIAL STREET. Incorporated April 18, 1890. Began business M ay 5, 1890. C harles G. Sheppard , P r e s id e n t . C harles G. Jordan , T r e a su r e r . G. E. B ic k n el l , P atrick C a s e y , J. H . C u r r a n , Jacob D exheimf .r , T homas F itzgerald , J. II. F l in t , W . E. G utterson , C. A. H a y w a r d , C. G. Jordan ,W. P. K e l l e y , W . W . M a c a u l e y , J. E. M u l lig a n , W . E. P r a y , C. G. S heppard , C. E. T e n n e y , C. F. V a u g h a n , J. R . W a lsh , R . B. W orster . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : T homas F itzgerald , C. A. H a y w a r d , C. G. Shepperd . Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. A ssets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Cash . . . . , . $335,694 8,510 1,037 181 14,919 12 00 4!) 57 19 Dues capital . . . . Profits capital . . . . 85 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Matured share account Dividend on matured share certifi cates . . . . . $360,342 37 $276,426 00 57,455 46 17,000 2,925 6,150 3 00 01 06 35 382 49 $360,342 37 Membership. Shares. Issued during year . Withdrawn during year Matured during year Shares now pledged . Shares in force . Matured shares represented b y certificates 1,321 702 118 1,943 5,469 85 Added during year Withdrawn during year Members . . . Borrowers . . . . . 142 100 720 255 . . Profits Distributed. U nm atured Sh ar es . First term, 2J^%; second term, 2 % % . M atured Share C e rtificates . First term, 2J^%; second term, 2J^%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 12J^% on series from 4 to 8 years old; after 8 years, none. Rates and Averages on Loans. S S I re a l estate lo a n s (average, $1,453.22 each; average 4 2 sh a re lo a n s (average, $202.61 each; average rate, rate, 5.58%): 5%, $140,125; 6%, $195,569.12. 5.77% ): 5%, $1,950; 6%, $6,560. Total Expenses for Year. Am ount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,054.40 2 .93 Other Expenses. $421.47 1.17 Total. $1,475.87 4.10 REPORT OF THE 234 Receipts and Disbursements. [Pub. Doc, Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Interest Fines . . . . . Withdrawal profits Matured share certificate account . Profits capital . . . . Cash on hand October, 1915 $65,797 00 7,900 21,250 9,928 18,640 646 285 13,200 00 00 00 83 48 67 00 10 6,758 27 $144,406 35 D isbu rsem ents . CO oi CO ¥è Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Tem porary expense . . Surplus . . . . . Dividend on matured share certifi cates . . . . . Cash on hand October, 1916 17,144 6,456 6,367 61,669 3,615 138 1,475 00 00 07 32 12 00 32 87 10 208 36 14,919 19 Date of Issue. Series. pX eare. Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay 54 72 13 82 76 95 36 02 89 03 35 87 63 57 70 04 56 25 13 18 40 80 36 10 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 $198 187 177 166 156 146 137 128 118 110 101 92 84 76 68 61 53 46 39 32 25 18 12 6 Dues paid in advance . Total Value. 120 71 84 159 112 105 94 93 163 129 124 193 187 153 254 228 269 210 280 325 402 464 694 556 . $23,824 13,328 14,878 26,524 17,557 15,429 12,911 11,905 19,379 14,193 12,567 17,923 15,825 11,715 17,449 13,917 14,407 9,712 10,956 10,458 10,210 8,723 8,577 3,391 . $144,406 35 80 12 92 38 12 75 84 86 07 87 40 91 81 21 80 12 64 50 40 50 80 20 84 60 249 00 $336,020 46 Dues capital Profits capital Unpaid dues $276,426 00 57,455 46 2,139 00 $336,020 46 D a tes of E x a m in a tio n and A u d it , January 28-February 1 inclusive. SOUTH WEYMOUTH CO-OPERATIVE BANK, SOUTH WEYMOUTH. COLUMBIAN SQUARE. Incorporated February 28, 1889. G eorge L. W en t w o r t h , P r e s id e n t . Began business March 9, 1889. E v e re tt N. H ollis , T r e a su r e r . T . B a r n e s , G . L. B a r n e s , G . R . B o w k e r , C. H . C lapp , D . F. D a l y , J. F. F r a w l e y , A l vin H ollis , E. N. H ollis , L. K. Jo n e s , E. N. M a y b e r r y , J. W . M c D on ald , E. J. P itch er , A . B . R a ym o n d , J. H . St etson , A . D . Stoddard , G . L. W e n tw o r th , G ordon W il l is . B o a r d o f D ir e c t o r s : F. S e c u r i t y C om m itte e : G. R . B o w k e r , C. H . C lapp , J. F. F r a w l e y , E. J. P itch er , G. L. W e n tw o r th . Regular meetings for receipt of moneys the second Saturday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid fines Permanent expense account Tem porary expense account Insurance and taxes paid Suspense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. . $440,725 16,955 7,966 34 350 263 100 84 5,010 00 00 12 62 00 18 31 57 93 $471,489 73 Dues capital Profits capital Guaranty fund Surplus Interest Transfer fees Withdrawal profits Forfeited share account Personal accounts Suspense account Over and short account . $375,430 78,043 7,465 6,466 2,502 1 131 34 1,369 5 40 00 80 00 13 35 00 57 40 93 40 15 $471,489 73 No. 8.] BANK COMMISSIONER. Shares. Issued during year Withdrawn during year Forfeited during year Retired during year Matured during year Shares now pledged Shares in force . . . 1,688 942 65 66 107 2,721 7,973 235 Membership. Added during year Withdrawn during year Members . . . . . Borrowers . . . . . . 166 90 1,057 298 Profits Distributed. Unmatured Shares. First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 8 years old; after 8 years, none. Rates and Averages on Loans. 2 4 8 real estate lo a n s (average, $1,813.68 5 8 sh a re lo a n s (average, $292.32 each; each; average rate, 6% ): 6%, $440,725. average rate, 6% ): 6%, $16,955. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets Salaries. Other Expenses. $1,119.00 2.37 $629.75 1.34 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Tem porary expense Forfeited share account Surplus Over and short account Personal accounts Security committee Suspense account Cash on hand October, 1915 $92,998 00 12,300 00 8,250 62,525 6,760 12,287 27,914 1,228 4 559 24 11 11 25 73 765 64 252 7,113 00 00 00 73 08 89 50 56 36 90 00 75 30 00 00 63 07 $233,168 77 Date of Issue. Series. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Tem porary expense Fines . . . . Over and short account Insurance and taxes Personal accounts Security committee Suspense account Cash on hand October, 1916 $34,505 1,093 9,161 14,980 6,564 88 3,958 6,415 125,500 9,165 14,072 172 1,655 8 46 100 350 68 254 5,010 00 00 00 00 32 22 02 17 00 00 74 93 15 00 00 31 00 00 98 93 Value Shares per Share. in Force. Total Value. $188 28 114 $21,463 92 176 93 130 23,000 90 165 92 69 11,448 48 155 23 304 47,189 92 144 84 135 19,553 40 134 76 181 24,391 56 124 97 170 21,244 90 115 46 283 32,675 18 106 23 157 16,678 11 97 28 200 19,456 00 219 88 58 19,399 02 80 13 188 15,064 44 71 93 387 27,836 91 63 98 498 31,862 04 56 26 366 20,591 16 48 76 505 24,623 80 41 47 426 17,666 22 34 39 577 19,843 03 27 53 458 12,608 74 640 20 87 13,356 SO 14 39 553 7,957 67 8 10 956 7,743 60 2 00 457 914 00 Dues paid in advance . 507 00 $457,076 80 Dues capital Profits capital Unpaid dues . . . $233,168 77 D a tes of E x a m in a tio n an d A u d it , September 18-22 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $1,748.75 3.71 . . . . . . . . . $375,430 00 78,043 80 3,603 00 $457,076 80 236 REPO RT OF THE [Pub. Doc. SPRINGFIELD CO-OPERATIVE BANK, SPRINGFIELD. 10 EAST COURT STREET. Incorporated April 13, 1882. Began business M ay 9, 1882. L otus C. Sch euing , P r e s id e n t . A. C. W en t w o r t h , T r e a su r e r . W . D . B ig e l o w , C. H . C h urch ill , F. H . E l w e l l , E . A. H a l l , W . H . H a y d e n , H . L. H in e s , W . E . P arson s , H . A. S anderson , L. C. S ch euing , S. D . Sher w o od , A. C. W e nt B o a r d o f D ir e c t o r s : worth. S e c u r it y C om m itte e : C. H . C h ur ch ill , W . D . B ig e l o w , S. D . Sh er w o od , W . E . P arsons , E . A. H a ll . Regular meetings for receipt of moneys the second Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Common form mortgages Unpaid interest . Unpaid fines Overs and shorts Cash Liabilities. $1,023,475 36,720 2,500 2,892 390 7 50,937 00 00 00 78 12 13 67 Dues capital . . . . Profits capital . . . . 308 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Personal accounts Dividend on matured share certificates . . . . . $1,116,922 70 Shares. Issued during year W ithdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force $865,721 00 146,086 40 61,600 15,011 25,222 1,895 00 88 05 37 1,386 00 $1,116,922 70 Membership. . . 5,202 3,108 129 243 . 6,791 . 19,705 ificates 308 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . . 653 493 2,217 623 Profits Distributed. U nm atured Sh ares . First term, 2 ) 4 % \ second term, 2J4%. M atured Sh are C ertificates . First term, 2M % ; second term, 2 } 4 % . Proportion of profits retained on voluntary withdrawals, 100% on series less than 1 year old; 25% on series from 1 to 5 years old; 20% on series from 5 to 6 years old; 15% on series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none. Rates and Averages on Loans. (average, $2,159.23 each; average rate, 5.07% ); 5%, $889,750; 5M%i $60,000; 5 1 4 % , $28,700; 5M % , $26,325; 6%, $14,100; 6M % . $600; 6M % , $300 ; 7 H % , $800; 7 ^ % , $2,000; 7M % , $900. 2 4 8 sh a re lo a n s (average, $148.06 each; average rate, 5.55% ); 5%, $20,790; o } 4 % , $2,625; 5 ^ % , $1,275; 5 M % , $2,545; 6%, $2,885; 6hC%. $325; 6 ^ % , $855; 6 M % , $1,425; 7%, $955; 7M % , $150; 7J^%, $1,835; 7M % . $620; 8%, $400; 8M % . $35. 4 7 4 reed estate lo a n s T o t a l E xpenses fo r Y ea r. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $1,999.92 .......................................... 1.79 Other Expenses. $2,978.81 2 .6 7 Total. $4,978.73 4 .4 6 No. 8.] BANK COMMISSIONER. R e ce ip ts a n d D isb u rsem en ts. R e c o n c ilia tio n o f Share A c c o u n t w ith D u es a n d P rofits C ap ita l. R e c e ip t s . Dues capital . Real estate loans eliminated by foreclosure . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Mortgages . Real estate b y foreclosure Interest Rent Fines Transfer fees Withdrawal profits Forfeited profits . Tem porary expense Forfeited share account Application fees . Profits capital Matured share certificate account Personal accounts Over and short account Cash on hand October, 1915 $237,865 00 2,500 00 5,200 225,025 25,170 1,550 2,708 55,200 600 1,571 7 1,807 30 3 ' 2,008 251 9,600 20,931 16 44,279 00 00 00 00 71 72 00 92 25 66 47 00 87 00 90 00 57 48 18 $636,327 73 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Mortgages . Real estate b y foreclosure Interest Tem porary expense Withdrawal profits Forfeited share account Matured share certificate account Personal accounts Over and short account Cash on hand October, 1916 $103,697 2,741 35,710 13,476 546 12.5Q2 353,675 28,575 2,500 2,703 1,917 4,981 2,166 600 19,554 41 50,937 00 00 00 98 46 53 00 00 00 09 73 73 92 82 00 34 46 67 Date of Issue. Series. ,A aqi,e per Share, N ov. 1904 69 $195 63 M ay 1905 70 185 22 N ov. 1905 71 174 88 M ay 1906 72 164 82 N ov. 1906 73 154 96 M ay 1907 74 145 34 Nov. 1907 75 135 93 M ay 1908 76 126 75 Nov. 1908 77 117 78 M ay 1909 78 109 00 Nov. 1909 79 100 43 M ay 1910 80 92 08 N ov. 1910 81 83 91 M ay 1911 82 75 97 N ov. 1911 83 68 20 M ay 1912 84 60 61 N ov. 1912 85 53 19 Feb. 1913 86 49 53 M ay 1913 87 45 96 N ov. 1913 88 38 90 M ay 1914 89 32 01 N ov. 1914 90 25 29 M ay 1915 91 18 73 N ov. 1915 92 12 33 M ay 1916 93 6 09 Dues paid in advance . •®feares in Force. Total Value. 162 $31,692 06 129 23,893 38 239 41,796 32 128 21,096 96 457 70,816 72 341 49,560 94 225 30,584 25 318 40,306 50 282 33,213 96 268 29,212 00 629 63,170 47 351 32,320 08 731 61,338 21 642 48,772 74 658 44,875 60 48,972 88 808 52,179 39 981 661 32,739 33 48,947 40 1,065 1,231 47,885 90 49,327 41 1,541 1,603 40,539 87 1,687 31.597 51 2,335 28,790 55 2,233 13.598 97 801 00 $1,018,030 40 Dues capital Profits capital Unpaid dues $636,327 73 D a t e s of E x a m in a t io n a n d A u d it , December 4-12 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 237 $865,721 00 146,086 40 6,223 00 $1,018,030 40 [Pub. Doc. R E PO R T OF THE 238 STONEHAM CO-OPERATIVE BANK, STONEHAM. 7 BUCK BUILDING, MAIN STREET. Incorporated January 10, 1887. Began business February 1, 1887. S id n e y A. H i l l , P r e s id e n t . G e o r g e N. G r e e n , T r e a su r e r . R . B a r n s t e a d , C. H. C h a s e , L. C. C u t t s , C. J. E m e r s o n , W . P. G r a y , G . N. G r e e n , S. H. G r e e n , S. A. H i l l , B. J. H in d s , C. W . H o u g h t o n , J. A. L o n g O. W . R ic h a r d s o n , W . O. R ic h a r d s o n , W . H . W h it e . B o a r d o f D ir e c t o r s : C h a r l e s B a l d w in , G . m ore, S e c u r it y C om m itte e : C h a r l e s B a l d w in , C. J. E m e r s o n , S. H . G r e e n . Regular meetings for receipt of moneys the first Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Comm on form mortgages Unpaid interest . Unpaid fines Permanent expense account Insurance and taxes paid Cash . . . . . $359,600 12,240 3,400 711 173 598 1,519 1,726 00 00 00 00 93 30 55 95 Dues capital . . . . Profits capital . . . . 100 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Forfeited share account Matured share account Dividend on matured share certificates . . . . . $291,135 00 52,840 47 20,000 4,350 6,002 31 5,075 00 00 39 42 45 535 00 $379,969 73 $379,969 73 Membership. Shares. . Issued during year Withdrawn during year Matured during year . Shares now pledged . Shares in force Matured shares represented b y certificates 1,074 803 143 2,106 5,706 100 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 62 46 783 298 . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2J4%; second term, 2J4%. M a t u r e d S h a r e C e r t if ic a t e s . First term, 2J^%; second term, 234%. Proportion of profits retained on voluntary withdrawals, 25% until profits amount to $1, then $1 per share on series not over 6 years old; after 6 years, none. Rates and Averages on Loans. 2 6 7 re a l estate lo a n s (average, $1,346.81 each; average rate, 5.02% ); 5%, 4 0 sh a re lo a n s (average, $306 each; average rate, 5.07% ); 5%, $10,540; $347,200; 5J4%> $12,400. 534%. $1,700. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $925.60 2 .4 3 Other Expenses. $324.44 .85 Total. $1,250.04 3 .2 8 No. 8.] BANK COMMISSIONER. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e ce ip t s Dues capital Real estate loans repaid Share loans repaid Mortgages . Bonds and notes Interest Fines Transfer fees Withdrawal profits Matured share account Matured share certificate account Insurance and taxes Dividend on matured share certifi cates Cash on hand October, 1915 00 00 00 00 00 07 23 50 25 05 00 66 00 22 98 D is b u r s e m e n t s . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans Bonds and notes Interest Temporary expense Permanent expense Matured share account Matured share certificate account Insurance and taxes Dividend on matured share certifi cates Cash on hand October, 1916 1,206 598 33,920 1,600 1,496 00 00 89 33 00 00 00 04 03 30 60 00 84 Date of Issue. Series. N ov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay N ov. M ay N ov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 a t e s op E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and 173 00 $345,297 47 Dues capital Profits capital Unpaid dues 675 00 1,726 95 A u d it , Value Shares per Share. in Force. Total Value. $194 38 23 $4,470 74 184 03 48 8,833 44 173 88 93 16,170 84 163 96 117 19,183 32 154 23 78 12,029 94 144 75 171 24,752 25 135 47 129 17,475 63 126 38 165 20,852 70 117 49 138 16,213 62 108 82 165 17,955 30 100 31 170 17,052 70 92 00 226 20,792 00 83 88 183 15,350 04 75 95 149 11,316 55 68 18 277 18,885 86 60 60 343 20,785 8 0 53 17 277 14,728 09 45 94 268 12,311 92 38 90 407 15,832 30 32 01 315 10,083 15 25 29 395 9,989 55 18 73 595 11,144 35 12 33 478 5,893 74 6 09 496 3,020 64 Dues paid in advance . $194,326 98 D 239 January 14-19 inclusive. $291,135 00 52,840 47 1,322 00 $345,297 47 [Pub. Doc. REPORT OF THE 240 STOUGHTON CO-OPERATIVE BANK, STOUGHTON. 3 PEARL STREET. Incorporated March 23, 1886. G eorge M onk, Began business April 10, 1886. H P r e sid e n t . enry W . B r i t t o n , T r e a su r e r . B o a r d o f D ir e c t o r s : G. E. B e l c h e r , R . S. B l a k e , H . E. B r i t t o n , H . W . B r i t t o n , K . E. E. C u r t is , A. L. H o l m e s , J. J. K e n n e d y , H e n r y M c C o u r t , C o r n e l iu s M P o w e r s , E . B. S o u t h w o r t h , R ic h a r d V a n s t o n , R . B. W a r d , F. FI. W h i t e . S e c u r it y C om m itte e : A. L. H o l m e s , R. B. W ard, F. H . W R . C l if f o r d , u r p h y , M . F. h it e . Regular meetings for receipt of moneys the second Saturday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Real estate by foreclosure, etc. Unpaid interest . Unpaid fines Insurance and taxes paid Cash . . . . $419,145 8,875 274 1,736 108 58 29,057 00 00 50 86 41 73 55 Dues capital . . . . Profits capital . . . . 110 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Dividend on matured share certifi cates . . . . . $353,486 00 76,985 28 22,000 00 4,309 41 1,980 36 495 00 $459,256 05 $459,256 05 Membership. Shares. Issued during year . . . Withdrawn during year . . . Forfeited during year . . . . Retired during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 1,495 1,009 21 15679 2,456 6,945 110 168 144 855 371 A dded during year W ithdrawn during year Members Borrowers Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2 % % ; second term, 2J^%. M atured S h a r e C e r t if ic a t e s . First term, 2 }4 ,% \ second term, 2 } 4 % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 5 years, none. after Rates and Averages on Loans. $ 3 2 real estate lo a n s (average, $1,262.48 each; average rate, 5 .9 3 % ): 5%, 3 9 sh a re lo a n s (average, $227.56 each; average rate, 6% ): 6%, $8,875. $29,050; 6%, $390,095. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $1,655.78 .......................................... 3.61 Other Expenses. $728.26 1.58 Total. $2,384.04 5.19 No. 8.] BANK COMMISSIONER. Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . . . . $85,480 R eal estate loans eliminated by foreclosure . . . . 4,100 Real estate loans eliminated by maturity of shares . . . 6,600 Real estate loans repaid . . 67,100 Share loans repaid . . . 7,030 Real estate b y foreclosure . . 3,789 Interest . . . . . 26,669 F i n e s .......................................... 1,212 Transfer fees f 3 Withdrawal profits . . . 347 Forfeited profits . . . . 8 Retired share account . . . 29,509 Matured share account . . 8,953 Matured share certificate account . 1,800 Persònal accounts . . . 144 Insurance and taxes . . . 40 Profits capital . . . . 1 Cash on hand October, 1915 . 11,094 00 Date of Issue. Series. pe^ uheare 00 Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. N ov. M ay N ov. M ay N ov. M ay N ov. M ay N ov. M ay Nov. M ay 00 00 00 96 90 41 25 58 87 66 80 00 94 30 75 31 $253,886 73 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Guaranty fund . . . . Retired share account . Matured share account Matured share certificate account . Personal accounts Insurance and taxes Surplus . . . . Dividend on matured share certifi cates . Cash on hand October, 1916 $41,585 357 21,492 11,269 7,628 35 8,016 4,451 74,370 6,550 4,064 528 2,109 60 29,509 11,054 600 144 69 1 00 00 00 00 84 46 38 12 00 00 46 96 04 87 66 17 00 94 03 75 ■ o r E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 A u d it , $197 185 175 164 154 144 134 124 115 106 97 85 77 69 61 54 46 39 32 25 18 12 6 00 85 02 44 15 10 26 68 34 27 42 98 66 61 73 05 62 37 33 48 84 38 10 ^ f e . 23 107 278 71 129 135 185 218 128 253 276 302 229 307 303 284 492 453 474 413 507 703 675 Total Value. $4,531 19,885 48,655 11,675 19,885 19,453 24,838 27,180 14,763 26,886 26,887 25,965 17,784 21,370 18,704 15,350 22,937 17,834 15,324 10,523 9,551 8,703 4,117 00 95 56 24 35 50 10 24 52 31 92 96 14 27 19 20 04 61 42 24 88 14 50 231 00 Dues paid in advance . $433,040 28 Dues capital Profits capital Unpaid dues . $353,486 00 76,985 28 2,569 00 $433,040 28 931 50 29,057 55 $253,886 73 D ates 241 I February 4-10 inclusive. 242 REPO RT OF THE [Pub. Doc. SUFFOLK CO-OPERATIVE BANK, BOSTON. 44 BROMFIELD STREET. Incorporated December 11, 1885. Began business January 1, 1886. G e o r g e M . N a y , P r e sid e n t . E r n est A . H a l e , T re a su re r. B o a r d o f D ir e c t o r s : W . L. A n d e r s o n , R. D . B i r c h , W . C. B u r b a n k , T. E. C h e r r y , T. E D e v o n s h ir e J. J. G a v i n , F. L. G e o r g e , J. A . G r a c e , E . A. H a l e , J. A . H a v e y , G . W . H o l y o k e , A. N . M u r r a y , G . M . N a y , W . S. N a y , A . L . P o t t e r , E d w a r d S e a v e r , W . H . W a t t s , A . M . W y m a n . S e c u r i t y C om m itte e : E d w a r d S e a v e r , F . L . G e o r g e , J. A . H avey. Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Cash Liabilities. $398,250 18,065 1,109 173 1,855 00 00 45 40 64 Dues capital . . . . $344,676 00 Profits capital . . . . 46,189 66 I l l matured shares represented by certificates . . . . 22,200 00 Guaranty fund . . . . 3,517 93 Surplus . . . . . 2,498 78 Forfeited share account 93 62 Dividend on matured share certifi cates . . . . . 277 50 $419,453 49 $419,453 49 Shares. Issued during year . . . . 3,730 W ithdrawn during year . . . 1,927 Forfeited during year . . . . 53 Matured during year . . . . 74 Shares now pledged . . . . 2,901 Shares in force . . . . . 10,744 Matured shares represented by certificates 111 M e m b e rs h ip . Added during year . . Withdrawn during year . Members . . . . . Borrowers . . . . . . . . 4 3 1 . 272 1,383 284 . . P rofits D is tr ib u te d . U n m a t u r e d Sh a r e s . First term, 114%', second term, 1)4%', third term, 1)4%', fourth term, 134%. M atured S h a r e C e r t if ic a t e s . First term, 1)4% ', second term, 134%; third term, 134%; fourth term, 134%. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 1 7 0 r e a l estate lo a n s $15,465. 1 6 4 sh a re lo a n s (average, $2,342.64 each; average rate, 5.49% ); 5%, $15,100; 534%, $367,685; 6%, (average, $110.15 each; average rate, 6% ); 6%, $18,065. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,300.00 3.10 Other Expenses. $1,741.68 4 .1 5 Total. $3,041.68 7 .25 BANK COMMISSIONER No. 8.] Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest Fines Withdrawal profits Forfeited profits . Forfeited share account Matured share certificate account Suspense account Cash on hand October, 1915 $120,840 00 2,795 43,850 11,405 20,854 782 379 5 219 14,800 66 2,116 Date of Issue. Series. pJra‘u heare_ 00 00 00 03 87 98 59 34 00 25 14 Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. $218,114 20 N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. Nov. Feb. M ay Aug. Nov. Feb. M ay Aug. Nov. Feb. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Tem porary expense Forfeited share account Suspense account Dividend on matured share certificates . . . . . Cash on hand October, 1916 $43,702 356 10,878 4,671 28 3,991 132,700 16,100 2,841 186 66 243 00 00 00 26 28 25 00 00 68 34 25 737 50 1,855 64 $218,114 20 1904 1904 1905 1905 1905 1905 1906 1906 1906 1906 1907 1907 1907 1907 1908 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 $201 196 190 185 180 175 170 165 160 155 150 145 141 136 131 127 122 118 113 109 104 100 96 92 88 84 80 76 72 68 64 60 56 53 49 45 42 38 35 32 28 25 21 18 15 12 9 6 3 Dues paid in advance . 44 15 88 63 49 37 34 30 34 42 57 74 00 28 65 03 51 02 59 22 89 63 42 26 13 05 03 04 11 23 40 62 88 20 56 96 41 90 43 00 62 28 98 72 50 32 18 08 02 Total Value. 3 30 16 27 2 19 34 5 25 35 50 17 13 14 91 46 37 19 106 37 54 54 98 94 39 87 118 144 80 279 174 221 123 116 375 339 260 434 683 406 560 355 725 479 492 550 1,106 979 694 $604 5,884 3,054 5,012 360 3,332 5,791 826 4,008 5,439 7,528 2,477 1,833 1,907 11,980 5,843 4,532 2,242 12,040 4,041 5,664 5,434 9,449 8,672 3,437 7,312 9,443 10,949 5,768 19,036 11,205 13,397 6,996 6,171 18,585 15,580 11,026 16,882 24,198 12,992 16,027 8,974 15,935 8,966 7,626 6,776 10,153 5,952 2,095 32 50 08 01 98 03 56 50 50 70 50 58 00 92 15 38 87 38 54 14 06 02 16 44 07 35 54 76 80 17 60 02 24 20 00 44 60 60 69 00 20 40 50 88 00 00 08 32 88 717 00 $394,168 66 Dues capital Profits capital Unpaid dues $344,676 00 46,189 66 3,303 00 $394,168 66 D a tes of E x a m in a tio n and A u d it , January 3 -8 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis » 244 REPORT OF THE [Pub. Doc. TAUNTON CO-OPERATIVE BANK, TAUNTON. 43 CITY SQUARE. Incorporated March 2, 1880. Began business M arch 17, 1880. D a n ie l C a r e y , P r e s id e n t . J oh n J. B a r k e r , T r e a s u r e r . J. F. B a r d e n , J. H. D a l g l is h , G. E. D e a n , T . W . D e a n , T h e ro n F. W . H a y m a n , H . N. H o p k in s , G. A. K i n g , J. H. L in c o l n , H . N. P ie r c e , A . E. R o b R . W h i t e , 2d, L. M . W i t h e r e l l . B o a r d o f D ir e c t o r s : T h o m as B a k e r , G orham , in s o n , A. N . P ie r c e . S e c u r i t y C om m itte e : T h o m a s B a k e r , T . W . D e a n , H . Regular meetings for receipt of moneys the first Tuesday after the 15th of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . Unpaid fines Personal account Insurance and taxes paid Cash . . . . $785,450 14,450 1,582 . 3,135 457 354 12 20,152 00 00 88 38 44 79 66 93 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account $677,481 122,475 11,327 14,177 133 $825,596 08 00 96 60 58 94 $825,596 08 Shares. Membership. Issued during year Withdrawn during year Matured during year Shares now pledged Shares in force 3,373 2,437 287 4,720 14,217 Added during year Withdrawn during year Members . . . Borrowers . . . . . 198 145 1,450 492 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2J^%; second term, 2 y % % . Proportion of profits retained on voluntary withdrawals, none. . Rates and Averages on Loans. 4S4- r e a l estate lo a n s (average, $1,809.79 each; average rate, 5.30% ): 5%o%, $785,450. 5 8 sh a re lo a n s (average, $249.13 each; average rate, 5.30% ); 5% o% , $14,450. Total Expenses for Year. Amount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . Salaries. $2,387.40 2 .89 Other Expenses. $1,275.66 1.54 Total. $3,663.06 4 .4 3 No. 8.] 245 BANK COMMISSIONER, Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans eliminated b y maturity of shares Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Tem porary expense Matured share account Surplus . . . . Insurance and taxes Cash on hand October, 1915 $171,234 00 5,900 135,400 20,600 64 42,138 1,673 3 57,005 205 240 14,701 00 00 00 00 38 39 00 10 49 38 04 81 $449,165 59 D is b u r s e m e n t s . 20 20 80 25 33 55 26 60 44 22 04 72 00 79 46 58 40 32 00 31 06 77 76 90 317 00 Dues paid in advance . 00 $449,165 59 $11,800 68,805 13,341 52,085 17,561 42,978 8,446 43,176 16,396 57,080 15,989 51,067 48,300 59,211 43,865 46,010 37,346 35,251 31,509 33,002 23,115 21,520 15,683 11,022 CO 00 00 56 49 00 00 43 88 16 58 79 07 70 93 Total Value. •«* $97,155 41,902 16,238 15,103 167,150 16,800 157 709 3,663 69,369 354 156 252 20,152 Shares in Force 60 370 76 315 113 295 62 340 139 523 159 554 575 779 643 759 702 767 810 1,031 914 1,149 1,272 1,810 o 00 Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans Real estate b y foreclosure Interest . . . . Tem porary expense Matured share account Personal accounts Surplus . . . . Insurance and taxes Cash on hand October, 1916 Value Date of Issue. Series. per Share. Nov. 1904 30 $196 67 185 96 M ay 1905 31 175 55 Nov. 1905 32 165 35 33 M ay 1906 155 41 34 N ov. 1906 145 69 M ay 1907 35 36 136 23 N ov. 1907 126 99 37 M ay 1908 117 96 N ov. 1908 38 39 109 14 M ay 1909 40 100 56 Nov. 1909 M ay 1910 41 92 18 42 84 00 Nov. 1910 76 01 43 M ay 1911 44 68 22 Nov. 1911 45 60 62 M ay 1912 46 53 20 N ov. 1912 47 45 96 M av 1913 48 38 90 Nov. 1913 32 01 M ay 1914 49 25 29 Nov. 1914 50 M ay 1915 51 18 73 52 12 33 Nov. 1915 53 6 09 M ay 1916 96 $677,481 00 122,475 96 4,928 00 Dues capital Profits capital Unpaid dues $804,884 96 D a t e s o f E x a m in a t io n a n d A u d it , April 2 8-M ay 8 inclusive. TRIMOUNT CO-OPERATIVE BANK, BOSTON. ' 73 TREMONT STREET. Incorporated M ay 18, 1911. F r a n k A . T e e l e , P r e sid e n t . Began business June 12, 1911. G e o r g e H . W y m a n , T r e a su r e r . F. L. B r ie r , W . F. C a s e y , C r e s c e n z o D e S im o n e , K . S. D e W i t t , N e lso n F l o y d , W . B . G r a n t , R . E. H a r d in g , J. D . H e n d e r s o n , B . E. H o l l a n d , G. W . J u d k in s , G. A. C . K n ig h t , J. F. M c D e r m o t t , C . B . P ie r c e , A. B . R e a d e , W . W . S p e n c e r , F . A. T e e l e , J. W . W e b b e r , H . H . W is e , G. F. W o l l in g e r , G. H . W y m a n , W . F. W y m a n . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : F . L . B r ie r , F . A . T e e l e , N e l s o n F l o y d , K . S. D e W it t , J. D . H e n d e r s o n . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Permanent expense account Tem porary expense account Cash . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $137,450 10,272 422 290 11,524 00 00 10 82 48 $159,959 40 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Withdrawal profits Forfeiture profits Forfeited share account $143,892 12,734 807 954 1,352 62 78 00 71 02 65 64 70 93 94 75 81 $159,959 40 246 REPO RT OF THE [Pub. Doc, Shares. Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . . . . . . Membership. . . . . . . . . . . 1,797 1,091 11 1,244 5,339 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 230 168 646 114 . . Profits Distributed. U n m a tu r ed S h a r e s. First term, 114%; second term, l } i % ; third term, fourth term, l% e% - Proportion of profits retained on voluntary withdrawals, 20%. Sates and Averages on Loans. 5 7 re a l estate lo a n s (average, $2,411.40 5 7 sh a re lo a n s (average, $180.21 each; each; average rate, 6% ): 6%, $137,450. average rate, 6% ); 6%, $10,272. Total Expenses for Year. Salaries. $240.00 1.50 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. $58,002 22,850 8,314 8,199 403 1 309 11 1 1 10,954 00 00 00 34 86 75 73 94 00 80 21 56 $109,050 19 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans Tem porary expense Permanent expense Forfeited share account Cash on hand October, 1916 $20,157 11 1,619 4 65,700 8,942 1,038 8 45 11,524 Total. $1,038.30 6.49 Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Over and short account Profits capital Cash on hand October, 1915 Other Expenses. $798.30 4 .9 9 00 00 45 71 00 00 30 25 00 48 Shares Date of Issue. !Series. Value per Share. in Force. Total Value. June 1911 1 $74 13 539 $39,956 07 Sept. 1911 2 52 70 25 3,653 00 Dec. 1911 3 66 42 117 7,771 14 Mar. 1912 62 63 4 134 8,392 42 June 1912 5 58 89 107 6,301 23 Sept. 1912 6 55 21 89 4,913 69 Dec. 1912 7 51 56 139 7,166 84 Mar. 1913 8 47 96 114 5,467 44 June 1913 9 44 41 117 5,195 97 Sept. 1913 10 40 89 114 4,661 46 Dec. 1913 11 37 42 222 8,307 24 Mar. 1914 12 34 00 335 11,390 00 June 1914 13 30 62 180 5,511 60 Sept. 1914 14 27 27 238 6,490 26 Dec. 1914 15 23 97 279 6,687 63 Mar. 1915 16 20 72 271 5,615 12 June 1915 17 17 51 423 7,406 73 Sept. 1915 18 14 33 450 6,448 50 Dec. 1915 19 11 19 277 3,099 63 Mar. 1916 20 8 08 367 2,965 36 June 1916 21 5 03 327 1,644 81 Sept. 1916 22 2 00 448 896 00 Suspense dues Dues paid in advance . $109,050 19 50 00 180 00 $160,172 14 Dues capital Profits capital Unpaid dues Suspense profits . $143,892 12,734 3,543 2 00 71 00 43 $160,172 14 D ates of E xam in a tio n and A u d it , June 5 -8 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER 247 TROY CO-OPERATIVE BANK, FALL RIVER. 59 NORTH MAIN STREET. Incorporated July 18, 1880. Began business July 20, 1880. J e ro m e C . B o r d e n , P r e s id e n t . E d w a r d W . B e r t e n s h a w , T r e a su r e r . F. B. A l b r o , J a m e s A l l a r d ic e , E. W . B e r t e n s h a w , J. C. B o r d e n , T. D . C o v e l , A. F. D ow , G. H . E d d y , Jr., J. H. F r e n c h , G e o r g e G r im e , J. E . O ’ C o n n o r , S. S. R e a d , C. C. R o u n s e v il l e , W . R . W o o d m a n , J. M . Y o u n g . B o a r d o f D ir e c t o r s : S e c u r i t y C om m itte e : J a m e s A l l a r d ic e , J. M . Y o u n g , T . D . C o v e l . Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Tem porary expense account Cash . . . . Liabilities. . $1,531,050 40,100 4,407 119 222 110,519 00 00 32 82 35 57 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Fines . . . . Forfeited share account Matured share account Personal accounts Suspense account . . . . . . . » $1,686,419 06 $1,340,135 233,985 25,221 41,808 7,254 63 1,047 36,769 95 39 00 34 87 35 40 16 08 70 10 06 $1,686,419 06 Shares. Membership. Issued during year Withdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force . . 7,467 5,526 97 540 . 9,288 . 32,032 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . 553 507 3,102 680 Profits Distributed U nm atured Sh a re s. First term, 2% % ; second term, 2 ^ % . M a t u r e d S h a r e C e r t if ic a t e s . First term, 2 % % . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 6 6 4 re a l estate lo a n s (average, $2,714.62 2 0 5 sh a re lo a n s (average, $195.61 each; each; average rate, 5.50% ); 5H % . $1,531,050. average rate, 5.50% ); 5J^%, $40,100. Total Expenses for Year. Amount paid for . C ost per 1,000 of assets . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . ..................................................... Salaries. $2,581.00 1.53 Other Expenses. $1,910.16 1.13 Total. $4,491.16 2 .6 6 248 R E PO R T OF TH E Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Real estate loans eliminated b y foreclosure . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . . Fines . . . . . Tem porary expense Forfeited share account Matured share account Matured share certificate account . Personal accounts Suspense account Cash on hand October, 1915 $371,725 00 3,500 461,000 31,350 3,813 88,138 1,119 379 3,396 61,065 28,800 78 88 55,748 00 00 00 18 72 36 50 45 69 00 55 88 98 $1,110,204 31 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Forfeited share account Matured share account Matured share certificate account . Dividend on matured share certifi cates . . . . . Suspense account Cash on hand October, 1916 $199,175 2,998 78,280 29,912 426 30,175 524,800 36,300 3,744 452 4,870 2,777 25,299 59,000 [Pub. Doc. 00 00 00 72 29 34 00 00 52 95 66 25 59 00 1,401 25 71 17 110,519 57 Date of Issue. Series. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 Value per Share. $189 93 179 20 168 72 158 49 148 54 138 83 129 38 120 16 111 18 102 43 93 90 85 59 77 49 69 60 61 91 54 42 47 12 40 01 33 08 26 33 19 75 13 34 7 09 1 00 Shares in Force. Total Value. 362 $68,754 66 337 60,390 40 530 89,421 60 263 41,682 87 576 85,559 04 358 49,701 14 402 52,010 76 686 82,429 76 543 60,370 74 750 76,822 50 755 70,894 50 891 76,260 69 1,175 91,050 75 1,460 101,616 00 1,179 72,991 89 1,551 84,405 42 1,657 78,077 84 1,829 73,178 29 2,149 71,088 92 2,436 64,139 88 2,801 55,319 75 3,341 44,568 94 3,400 24,106 00 2,601 2,601 00 Dues paid in advance . 1,159 00 $1,578,602 34' Dues capital Profits capital Unpaid dues . $1,340,135 00 233,985 34 4,482 00 $1,578,602 34 $1,110,204 31 D a t e s op E x a m in a t io n a n d A u d it , July 5 -1 7 inclusive. UNION CO-OPERATIVE BANK, BOSTON. 107 SALEM STREET. Incorporated June 30, 1911. Began business September 13, 1911. R ic h a r d P in k s o h n , P r e sid e n t. T h o m as N u t il e , T r e a s u r e r . H. D e l l e D o n n e , J. V . D o n n a r u m a , A . R . F r e d e r ic k , G a b r ie l G ia r l a , E . E . G in s b e r g , A l b e r t G o o d m a n , M o r r is G o r d o n , L o u is J a c o b o v it z , A r t h u r K o e r n e r , V a n C o u r t l a n d t L a w r e n c e , C o l m a n L e v in , J. L . M c N a m a r a , P . D . M o r r is , T h o m a s N u t il e , R ic h a r d P in k s o h n , M . J. S a w y e r , I. W . S h a p ir a , G a b r ie l S t a b il e , C . B. St r o u t . B o a r d o f D ir e c t o r s : J. D . B e y e r , A . F . B ia n c o , S e c u r it y C om m itte e : L ouis J a c o b o v it z , T h o m as N u t il e , I. W . Sh a p ir a . Regular meetings for receipt of moneys the second Wednesday of each month. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 249 BANK COMMISSIONER No. 8.] STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate . . . $70,900 Loans on shares . . . . 8,700 Permanent expense account . 25 Tem porary expense account . 60 C a s h .......................................... 3,061 18 00 00 00 10 $73,121 7,944 365 293 778 1 16 52 143 30 Dues capital Profits,capital Guaranty fund . Surplus Interest Premiums . Fines Withdrawal profits Forfeited share account Security committee $82,746 28 $82,746 28 Membership. Shares. Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . 00 56 64 41 69 20 35 37 06 00 . . . . . . . . . . . . . 1,465 . 564 22 . 7 4 1 2,970 Added during year Withdrawn during year Members . . . Borrowers . . . 130 77 290 54 . . . Profits Distributed. U n m a tu r ed S h a r es. First term, 1}4%; second term, 1J^%; third term, lY t %\ fourth term, 112 /%Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old; 15% on series from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none. Rates and Averages on Loans. 8 4 re a l estate lo a n s (average, $2,085.29 each; average rate, 6% ): 6%, 3 2 sh a re lo a n s (average, $271.87 each; average rate, 6% ); 6%, 8,700. $70,900. Total Expenses for Year. Salaries. Other Expenses. $272.75 3 .29 Amount paid for . Cost per $1,000 of assets Total. ' $272.75 3.29 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . . . Real estate loans repaid Share loans repaid Interest . . . . Premiums . . . . Fines . . . . Withdrawal profits Forfeited profits . . . Forfeited share account Surplus . . . . Over and short account Security committee Cash on hand October, 1915 $29,477 3,400 6,260 4,132 7 124 273 1 42 98 25 40 7,464 . . . . . . 00 00 00 54 20 71 34 40 00 97 85 00 54 $51,347 55 D isb u r se m e n t s . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Tem porary expense Permanent expense Forfeited share account Over and short account Security committee Cash on hand October, 1916 $11,065 62 1,087 5 27,900 6,550 242 55 1,302 00 00 42 16 00 00 75 00 29 75 16 00 3,061 18 Date of Issue. Series. Sept. Mar. Sept. Mar. Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. 1911 1912 1912 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Dues paid in advance . o f E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis a n d A u d it , 93 97 24 74 46 90 39 93 52 16 85 59 38 22 10 03 00 234 392 82 115 144 66 68 38 60 59 86 234 131 197 448 190 426 Total Value. $16,831 25,076 4,611 5,605 5,970 2,501 2,338 1,175 1,651 1,425 1,793 4,116 1,883 2,210 3,628 955 852 62 24 6S 10 24 40 52 34 20 44 10 06 78 34 80 70 00 55 00 $82,681 56 Dues capital Profits capital Unpaid dues $51,347 55 D a t es ^ r c e . $71 63 56 48 41 37 34 30 27 24 20 17 14 11 8 5 2 November 25-27 inclusive. $73,121 00 7,944 56 1,616 00 $82,681 56 250 [Pub. Doc, REPO RT OF THE UNION CO-OPERATIVE BANK, PITTSFIELD. 24 NORTH STREET. Incorporated January 4, 1911. W il l ia m H. E a t o n , P r e s id e n t . Began business January 17, 1911. C l if f o b d H. B u c k i n g h a m , T r e a su r e r . B o a r d o f D ir e c t o r s : A. F. B l a s d e l , C. H. B u c k i n g h a m , C. C. C h e s n e t , C. F. C o o g a n , G. H. C o o p e r , W . M . C r a n e , Jr., Z. M . C r a n e , J. B. C u m m in g s , F. W . D u t t o n , W . H. E a t o n , J. H. E n r i g h t , D . F. F a r r e l l , G. W . F a u l k n e r , C l if f o r d F r a n c is , D . J. G i m l ic h , W . F. H a w k i n s , H a r r y H o l d e n , J o s e p h I n s u l l , J o h n M c Q u a i d , W . S. O ’ B r i e n , J. J. P e n d e r , D. H. P i k e , T. F. P l u n k e t t , C. W . P o w e r , H . J. R y a n , J. R . S a v e r y , R . F. S t a n t o n , W . C. S t e v e n s o n , J. W . S y n a n , J. F. T i t u s , G. H. T u c k e r , J. M cA . V a n c e , D . J. W a l s h , J. A . W h i t e , W . A . W h it t l e s e y , C. H . W i l s o n . ) C. F. C o o g a n , J o s e p h I n s u l l , D . H . P i k e , D . J. G i m l ic h , F. W . D u t t o n . S e c u r i t y C om m itte e : Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Bpnds and notes Loans on real estate Loans on shares . Personal accounts Cash $7,000 205,220 11,387 25 3,191 00 00 00 00 28 . Dues capital Profits capital Guaranty fund . Surplus Interest Fines Forfeited share account $226,823 28 Membership. . . . . . . . . . . . . 00 33 53 75 74 84 09 $226,823 28 Shares. Issued during year . W ithdrawn during year Forfeited during year . Shares now pledged . Shares in force . . $204,866 19,623 336 296 919 29 751 . . 2,367 2,236 69 1,659 6,070 Added during year W ithdrawn during year Members . . . Borrowers . . . . . 290 279 704 137 Profits Distributed. U nm atured Sh ar es. First term, 1) 4 % \ second term, 1 ) 4 % : third term, 1 ) 4 % : fourth term, 1 ) 4 % - Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 8 7 re a l estate lo a n s (average, $2,358.85 5 0 sh a re lo a n s (average, $227.74 each; each; average rate, 5% ): 5%, $205,220. average rate, 5% ); 5%, $11,387. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $775.33 3 .42 Other Expenses. $618.89 2 .7 3 Total. $1,394.22 6 .15 BAN K COMMISSIONER No. 8.] Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . $75,558 41,600 11,251 6,003 10,547 363 1 1,450 275 7,645 Dues capital Real estate loans repaid Share loans repaid Bonds and notes Interest . . . . . Fines . . . . . Transfer fees . . . . Forfeited share account Personal accounts Cash on hand October, 1915 00 00 00 12 06 64 00 09 00 95 $154,694 86 D isb u r se m e n t s. $43,831 1,321 3,206 142 74,520 12,564 13,003 16 1,330 1,268 300 3,191 Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Bonds and notes Interest . . . . . Tem porary expense Forfeited share account Personal accounts Cash on hand October, 1916 251 00 00 58 55 00 00 12 67 54 12 00 28 $154,694 86 Value Date of Issue. Series. per Share. i„SFaorce. Total Value. 1,044 1 $79 71 $83,217 24 Jan. 1911 April 1911 2 73 75 85 5,537 05 72 04 236 3 17,001 44 July 1911 46 4 68 26 3,139 96 Oct. 1911 64 53 35 5 2,258 55 Jan. 1912 24 6 60 84 1,460 16 April 1912 7 57 19 145 8,292 55 July 1912 53 58 120 6,429 60 8 Oct. 1912 221 11,052 21 9 50 01 Jan. 1913 46 48 97 April 1913 10 4,508 56 11 42 99 118 5.072 82 July 1913 12 103 4.072 62 39 54 Oct. 1913 13 36 13 353 12,753 89 Jan. 1914 14 32 76 764 25,028 64 April 1914 162 4,766 04 15 29 42 July 1914 1,462 72 16 26 12 56 Oct. 1914 17 2 2 86 275 6,286 50 Jan. 1915 241 18 April 1915 19 63 4,730 83 19 16 44 253 4,159 32 July 1915 251 20 13 28 3,333 28 Oct. 1915 21 10 16 726 7,376 16 Jan. 1916 22 7 07 1,915 97 April 1916 271 4 02 261 23 1,049 22 July 1916 24 1 00 195 195 00 Oct. 1916 Dues paid in advance . 649 00 $225,749 33 Dues capital Profits capital Unpaid dues $204,866 00 19,623 33 1,260 00 $225,749 33 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , November 15-17 inclusive. 252 [Pub. Doc. REPO RT OF THE VOLUNTEER CO-OPERATIVE BANK, BOSTON. 120 TREMONT STREET. Incorporated November 16, 1887. Began business January 1, 1888. J oh n J. D e l e a , P r e s id e n t . J a m e s B. D o o l e y , T r e a su r e r . H. G . B u r g e s s , J. F. C r o w l e y , J. J. D e l e a , J. J. D e v e r e u x , J. B . D o o l e y , S id n e y D u n n , F. C . E s t a b r o o k , W . A . L e o n a r d , D . F. M c C o r J. A. R e e d , E. J. R i p l e y , J. J. R u d d , A . H . S i b l e y . B o a r d o f D ir e c t o r s : G e o r g e A d a m s , W . B . B u c k l e y , m ack, S e c u r it y C om m itte e : W . A. L e o n a r d , J. A. R e e d , D . F. M c C o r m a c k , J. J. R u d d . Regular meetings for receipt of moneys the third W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Temporary expense account Insurance and taxes paid Cash . . . . Liabilities. . $2,094,850 57,250 575 247 65,636 00 00 07 18 00 $2,218,658 25 $1,773,151 00 Dues capital . . . . Profits capital . . . . 268,215 78 543 matured shares represented by 108,600 00 certificates . . . . 46,400 00 Guaranty fund . . . . 11,185 11 Surplus . . . . . 6,907 95 Interest . . . . . 361 27 Fines . . . . . 742 34 Forfeited share account M atured share account 1,797 30 11 00 Personal accounts Dividends on matured share certificates . . . . 1,186 50 $2,218,558 25 1 • Shares. Membership. Issued during year . . . . 16,136 W ithdrawn during year . . . 8,639 Forfeited during year . . . . 190 M atured during year . . . . 533 Shares now pledged . . . . 13,347 Shares in force . . . . . 48,610 Matured shares represented b y certificates 543 A dded during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 1,292 654 5,060 1,242 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 1 % % ', second term, 1 } £ % ', third term, 1M % ; fourth term, 1M%M a t u r e d S h a r e C e r t if ic a t e s . First term, 1 Y n % \ second term, 1 Y % : third term, t y % % \ fourth term, V / s% . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 8 3 3 re a l estate lo a n s (average, $2,514.82 each; average rate, 5.48% ); 5%, $91,350; o Y % , $2,000,100; 6%, $3,400. 4 8 8 sh a re lo a n s (average, $117.32 each; average rate, 5.99% ); 5%, $50; 5 K % , $300; 6%, $56,900. Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $4,601.32 2 .0 7 Other Expenses. $3,008.20 1.36 Total. $7,609.52 3.43 No. 8.] BANK COMMISSIONER. Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . Real estate loans eliminated b; foreclosure Real estate loans eliminated b;y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines Withdrawal profits Profits capital Permanent expense Forfeited share account Matured share account Matured share certificate account Personal accounts Dividend on matured share certifi cates . . . . Surplus . . . . Guaranty fund . Cash on hand October, 1915 $549,190 00 11,200 00 19,900 381,525 57,175 12,729 115,661 3,899 431 25 300 648 84,159 59,200 14,374 00 00 00 51 84 28 84 06 00 03 82 00 20 7 310 5,300 51,047 00 60 00 34 $1,367,084 52 D is b u r s e m e n t s . . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Fines Profit and loss Real estate b y foreclosure Interest Tem porary expense Withdrawal profits Forfeited share account Matured share account Matured share certificate account Personal accounts Dividends on matured share certifi cates . . . . Surplus . . . . Cash on hand October, 1916 $250,542 2,330 77,688 33,978 236 28,673 710,625 61,950 20 112 12,729 812 7,609 16 409 84,469 3,600 16,232 253 00 00 00 28 01 42 00 00 20 25 51 88 52 83 69 42 00 65 3,185 25 6,227 61 65,636 00 $1,367,084 52 Date of Issue. Series. Value per Share. Oct. 1904 58 $198 98 Jan. 1905 59 193 57 April 1905 60 188 26 61 183 00 July 1905 Oct. 1905 62 177 79 Jan. 1906 172 65 63 April 1906 64 167 56 July 1906 65 162 53 Oct. 1906 66 157 54 Jan. 1907 152 61 67 April 1907 68 147 74 July 1907 142 90 69 Oct. 1907 138 15 70 Jan. 1908 133 43 71 April 1908 72 128 81 July 1908 124 21 73 Oct. 1908 74 119 69 Jan. 1909 75 115 18 April 1909 76 110 76 77 106 39 July 1909 Oct. 1909 102 10 78 Jan. 1910 79 97 81 April 1910 80 93 60 July 1910 81 89 45 Oct. 1910 82 85 37 Jan. 1911 83 81 29 April 1911 84 77 28 July 1911 85 73 34 Oct. 1911 86 69 46 Jan. 1912 87 65 59 April 1912 88 61 78 July 1912 58 03 89 Oct. 1912 90 54 34 Jan. 1913 91 50 66 April 1913 92 47 04 July 1913 93 43 48 Oct. 1913 94 39 97 Jan. 1914 95 36 47 April 1914 96 33 04 July 1914 97 29 65 Oct. 1914 98 26 31 Jan. 1915 22 99 99 April 1915 100 19 73 July 1915 101 16 51 Oct. 1915 102 13 33 Jan. 1916 103 10 18 April 1916 104 7 08 July 1916 105 4 02 Oct. 1916 106 1 00 Dues paid in advance Shares Total Value. in Force. 108 $21,489 84 242 46,843 94 106 19,955 56 58 10,614 00 163 28,979 77 199 34,357 35 173 28,987 88 29,742 99 183 172 27,096 88 140 21,365 40 175 25,854 50 164 23,435 60 187 25,834 05 328 43,765 04 320 41,219 20 149 18,507 29 377 45,123 13 340 39,161 20 399 44,193 24 139 14,788 21 338 34,509 80 558 54,577 98 608 56,908 80 457 40,878 65 468 39,953 16 922 74,949 38 849 65,610 72 585 42,903 90 810 56,262 60 1,233 80,872 47 1,267 78,275 26 945 54,838 35 916 49,775 44 1,682 85,210 12 1,589 74,746 56 1,098 47,741 04 1,202 48,043 94 2,206 80,452 82 1,640 54,185 60 1,668 49,456 20 1,521 40,017 51 2,816 64,739 84 1,966 38,789 18 1,695 27,984 45 2,276 30,339 08 5,000 50,900 00 3,409 24,135 72 2,957 11,887 14 1,807 1,807 00 5,186 00 $2,057,253 78 Dues capital Profits capital Unpaid dues $1,773,151 00 268,215 78 15,887 00 $2,057,253 78 D a t e s of E x a m in a t io n a n d A u d it , June 5-26 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis [Pub. Doc. RE PO R T OF TH E 254 WACHUSETT CO-OPERATIVE BANK, CLINTON. 77 HIGH STREET. Incorporated March 6, 1913. Began business March 13, 1913. L y m a n C . A y e r s , T r e a su r e r . W il l ia m A . F u l l e r , P r e sid e n t . E. R . B. A l l a r d ic e , L. C . A y e r s , G . H . C a r p e n t e r , J. H . C o u g h l in , A . W . C o u p e r , T. S. D a v is , J. W . F o r r e s t e r , W . A. F u l l e r , J. J. G o o d w in , G. H. H a g e r , H. F . H a r t w e l l , F . E . H o w a r d , J. E . L e a h y , W . R . M it c h e l l , N. E. M a t h e r , J. B. O ’ T o o l e , J. H . O ’ T o o l e , A. O. P e r h a m , E . O. P r a t t , L. W . R u g g , A. T. S a u n d e r s , N. A . S e y m o u r , E. E . St a c k p o l e , B o a r d o f D ir e c t o r s : H . D . St o n e . S e c u r i t y C om m itte e : G . H . H a g e r , A . O. P e r h a m , W . R . M it c h e l l . Regular meetings for receipt of moneys the second Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Dues capital . . . $99,195 00 Profits capital . . . 1,024 83 fund . . . ----------------------------------- $98,170Guaranty 17 Surplus . . . . Loans on shares . . . . 3,235 00 Interest . . . . Unpaid interest . . . . 98 45 Fines . . . . Permanent expense account . ' 400 00 Transfer fees . . . Tem porary expense account . 39 39 Withdrawal profits C a s h .................................... 3,001 02 Forfeited share account Security committee Loans on real estate Less amount due $97,709 5,202 371 537 999 19 00 81 36 25 29 25 50 64 57 22 00 18 00 . . . . . . . $104,944 03 $104,944 03 Membership. Shares. Issued during year . W ithdrawn during year Forfeited during year . Shares now pledged . Shares in force . . . . . . . . . . . . . . . . 3,390 962 22 676 5,974 A dded during year Withdrawn during year Members . . . Borrowers . . . . . 423 122 802 86 . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2 V i % \ second term, 2 } 4 % . Proportion of profits retained on voluntary withdrawals, 50% of last 6 months’ dividend. Rates and Averages on Loans. (average, $1,533.91 each; average rate, 5.91% ): 5%, $7,800; 5J^%, $6,200; 6% , $81,670.17; 7%, $2,500. sh a re lo a n s (average, $147.04 each; average rate, 6% ); 6%, $3,235. 6 4 r e a l estate lo a n s 82 Total Expenses for Year. Am ount paid for Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $100.00 .95 Other Expenses. $470.62 4 .4 8 Total. $570.62 5.43 No. 8, BANK COMMISSIONER. Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . $56,703 9,050 4,645 4,819 134 1 198 2 12 87 62 3,904 Dues capital . . . . Real estate loaps repaid Share loaps repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Tem porary expense Forfeited share account Security committee Cash on hand October, 1915 255 00 00 00 55 13 75 91 50 00 50 00 97 Date of Issue. Series. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1913 1913 1914 1914 1915 1915 1916 1916 1 2 3 4 5 6 7 8 Value Shares Total Value. per Share. in Force, 623 $47 82 $29,791 86 178 40 84 7,269 52 509 33 98 17,295 82 381 27 27 10,389 S7 20 73 647 13,412 31 14 33 546 7,824 18 8 09 1,925 15,573 25 2 00 1,165 2,330 00 Dues paid in advance . 445 00 $79,621 31 D is b u r se m e n t s. $18,751 192 1,022 6 50,250 5,625 560 150 62 3,001 Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Tem porary expense Forfeited share account Security committee Cash on hand October, 1916 00 00 40 35 17 00 87 50 00 02 $104,331 81 Dues capital Profits capital Unpaid dues $97,709 00 5,202 81 1,420 00 $104,331 81 $79,621 31 D ate E x a m in a t io n op and A u d it , June 15. WAKEFIELD CO-OPERATIVE BANK, WAKEFIELD. 482 MAIN STREET. Incorporated January 31, 1887. W ahren B. W il e y , Began business M arch 5, 1887. C h ar les E . W P r e sid e n t . alton, T r e a su r e r . B o a r d o f D ir e c t o r s: A. H. B o a r d m a n , E l iz a b e t h E . B o i t , C o r n e l iu s D o n o v a n , H a r r y F o s t e r , J. A. H i c k e y , J o h n H i c k e y , R . A . H o v e y , C . H . H o w e , L. M . H o w e , C . E . M o n t a g u e , C . W . P i t m a n , W . A. P r e s c o t t , G. H . S t o u t , W . H . T a y , A. H. T h a y e r , C . E . W a l t o n , O l iv e r W a l t o n , W . B . W il e y . S e c u r it y C om m itte e : W . B . W il e y , W. A. P r e s c o t t , J. A . H i c k e y , O l i v e r W alton, C. E. M ontague. Regular meetings for receipt of moneys the first Saturday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Less amount due $610,300 00 2,380 03 ------------------ Loans on shares . Unpaid interest . Unpaid fines Cash https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Liabilities. $607,919 26,550 1,233 144 10,015 97 00 68 50 98 $645,864 13 Dues capital Profits capital Guaranty fund . Surplus Forfeited share account $520,122 102,845 7,979 14,907 9 00 90 65 23 35 $645,864 13 REPO RT OF THE 25 6 [Pub. Doc. I Shares. Membership. Issued during year W ithdrawn during year Matured during year Shares now pledged Shares in force 2,320 1,556 337 3,666 9,712 Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 253 199 1,251 445 Profits Distributed. U n m a ttjre d S h a r e s . First term, 2}^%; second term, 2 1 4 % . Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 8 9 4 rea l estate lo a n s (average, $1,548.98 1 0 1 sh a re lo a n s (average, $262.87 each; each; average rate, 5% ): 5%, $607,919.97. average rate, 5% ); 5%, $26,550. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . . . . . . . Receipts and Disbursements. Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Surplus . . . . . Cash on hand October, 1915 00 00 00 00 77 12 68 75 64 74 18 $291,469 88 D isb u r se m e n t s Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . Tem porary expense Forfeited share account Guaranty fund . . . Surplus . . . . Cash on hand October, 1916 . . . . . $56,460 49,539 7,755 17,124 111,600 8,200 26,969 148 835 2,425 80 55 258 10,015 . . Salaries. $1,450.00 2.24 Other Expenses. $975.56 1.51 Total. $2,425,56 3 .75 Reconciliation of Share Account with Dues and Profits Capital. $119,592 00 13,600 69,300 12,950 27,100 1,858 31,761 785 3 1,935 55 12,527 . . 00 00 05 32 00 00 97 93 76 56 80 74 77 98 $291,469 88 Shares Date of Issue. Series. Value Total Value. ptl Slid! 6. UX'/C* N ov. 1904 37 $195 23 145 $28,308 35 M ay 1905 38 184 80 109 20,143 20 N ov. 1905 39 174 59 249 43,472 91 M ay 1906 164 57 40 231 38,015 67 Nov. 1906 41 154 79 175 27,088 25 M ay 1907 42 145 24 383 55,626 92 N ov. 1907 43 135 90 219 29,762 10 M ay 190S 126 74 44 194 24,587 56 N ov. 1908 45 117 83 195 22,976 85 Ma y 1909 46 109 07 289 31,521 23 N ov. 1909 47 100 51 251 25,228 01 92 15 48 M av 1910 320 29,488 00 N ov. 1910 49 83 99 343 28,808 57 M ay 1911 50 76 00 358 27,208 00 N ov. 1911 51 68 22 450 30,699 00 M ay 1912 52 60 62 448 27,157 76 N ov. 1912 53 53 20 511 27,185 20 M ay 1913 54 45 96 457 21,003 72 N ov. 1913 55 38 90 611 23,767 90 M ay 1914 56 32 01 621 19,878 21 N ov. 1914 57 25 29 567 14,339 43 M ay 1915 58 18 73 574 10,751 02 Nov. 1915 59 12 33 929 11,454 57 M ay 1916 60 6 09 1,083 6,595 47 A Dues paid in advance . 240 00 $625,307 90 Dues capital Profits capital Unpaid dues $520,122 00 102,845 90 2,340 00 $625,307 90 D a tes of E x a m in a t io n a n d A u d it , M arch 13-18 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 257 BANK COMMISSIONER. No. 8.] WALPOLE CO-OPERATIVE BANK, WALPOLE. WEST, CORNER OF MAIN STREET. Incorporated June 11, 1912. Began business June 14, 1912. J o se p h S. L e a c h , P r e sid e n t . W i i .l a r d E . E v e r e t t , T r e a su r e r . B o a r d o f D ir e c t o r s : C. 8. B i r d , J r., H. W . C a l d w e l l , W . E. E v e r e t t , F. A. F i s h e r , N. W . F i s h e r , O . J. F i s h e r , C. A. G il m o r e , G. M . G r a v e s , J u l i u s G u il d , R . H . H a r t s h o r n , J. S. L e a c h , H. H. M i l l e r , D . H . R i l e y , G. W . T o w l e , Jr., H. A. W h i t i n g . S e c u r it y C om m itte e : D . H . R i l e y , N. W . F i s h e r , R . H . H a r t s h o r n . Regular meetings for receipt of moneys the second Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. A ssets. Loans on real estate . . Loans on shares . . . . Permanent expense account Temporary expense account Cash . . . . Liabilities. . . . . $65,000 00 2,265 00 40 00 84 00 2,827 22 $63,119 5,083 174 141 1,549 43 12 1 90 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Withdrawal profits Forfeiture profits Forfeited share account $70,216 22 $70,216 22 Membership. Shares. Issued during year W ithdrawn during year Shares now pledged Shares in force 00 52 15 79 91 96 00 52 37 610 270 434 2,199 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . 57 30 263 41 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 3%; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 34 real estate lo a n s (average, $1,911.76 each; average rate, 6% ); 6%, $65,000. 7 sh a re lo a n s (average, $323.57 each; average rate, 6% ); 6%, $2,265. Total Expenses for Year. ê mount paid for . ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $100.00 1.42 Other Expenses. $73.59 1.05 Total. $173.59 2 .4 7 258 R E PO R T OF THE Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . $24,638 00 Real estate loans repaid . . 6,350 00 Share loans repaid . . . 400 00 I n t e r e s t .......................................... 3 ,3 4 1 4 5 Fines . . . . . 95 65 Transfer fees . . . . 75 Withdrawal profits . . . 91 0 2 Cash on hand October, 1915 . 3,066 92 $37,983 79 D is b u r se m e n t s. Dues capital withdrawn . Profits capital withdrawn . Real estate loans . . Share loans . . . . Tem porary expense . . Permanent expense . . . Cash on hand October, 1916 . . . . . $5 ,3 3 9 00 363 98 27,100 00 2,140 00 173 5 9 40 00 2,827 22 Date of Issue. Series, June Dec. June Dec. June Dec. June Dec. June ate of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , 1912 1912 1913 1913 1914 1914 1915 1915 1916 1 2 3 4 5 6 7 Total Value. $59 51 44 37 30 23 17 26 76 48 41 54 87 40 8 11 11 9 5 00 Dues paid in advance . . 441 116 66 367 260 147 253 246 303 . $26,133 6,004 2,935 13,729 7,940 3,508 4,402 2,733 1,515 66 16 68 47 40 89 20 06 00 75 0 0 $68,977 62 Dues capital Profits capital Unpaid dues $37,983 79 D [Pub. Doc, October 11. $63,119 00 5,083 52 775 00 $68,977 62 bank No. 8.] 259 c o m m is s io n e r . WALTHAM CO-OPERATIVE BANK, WALTHAM. 637 MAIN STREET. Incorporated October 13, 1880. E dward Began business October 20, 1880. E arl F. C a s w e l l , T r e a su r e r . P . S m i t h , P r e sid e n t. B o a r d o f D ir e c t o r s : H. A. B a c o n , W . P . B a r t e l , A. S. B a t c h e l d e r , G. M . B a t e s , F . H. B e n t , E . H. B u l l , E F ’ C a s w e l l , M . T . C o n n e l l y , T. I. C u r t i n , C. W . D u r g i n , J o h n E d m u n d s G. A F i e l , E . L . F o ls o m , W . N . F u l l e r , F . P . H a v e n s , F . C . H o d g d o n , W . E . P e t e r s o n , E . P . S m it h , J. L. T o t t e n . S e c u r it y C om m itte e : E . P . S m it h , E . H . B u l l , M . T . C o n n e l l y . Regular meetings for receipt of moneys the third Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. $1,798,500 44,660 3,009 50 1,600 244 122 119 66,157 Loans on real estate Loams on shares . Unpaid interest . Unpaid fines Permanent expense account Personal accounts Insurance and taxes paid Revenue stamps Cash . . . . 00 00 43 00 00 74 98 92 61 $1,413,036 Dues capital . . . . 239,390 Profits capital . . • ■ 1,083 matured shares represented 216,600 b y certificates . . . . 17,271 Guaranty fund . . . . 21,761 Surplus . 798 Forfeiture profits 3,128 Personal accounts 16 Over and short account . . . Dividend on matured share certifi 2,460 cates . . . . . 74 Membership. Shares. 11,423 6,085 5 . . . 558 . . . 8,802 . . . 34,458 • b y certificates 1,083 . 00 67 52 52 75 86 $1,914,464 68 $1,914,464 68 Issued drying year . W ithdrawn during year Forfeited during year . Matured during year . Shares now pledged . Shares in force . • Matured shares represented 00 62 . . A dded during year W ithdrawn during year Members . . . Borrowers . . . 963 611 3,459 1,465 . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 1 second term, 1K % '< third term, 1M % ; fourth term, 1M%M atured Sh a r e C e r t if ic a t e s . First term, 1916%» second term, 1910%; third term, l% e % : fourth term, l% e% - Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 9 3 4 r e a l estate lo a n s (average, $1,925 58 each; averagei rate, 5.62%]I: 5%, .$681,825; 6%, 7 1 4 s h a re lo a n s (average, $62.54 each; average rate, 5.88% ). 5%, $5,120, 6%, 839,54U. 1,116,675. Total Expenses for Year. Am ount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $4,222.00 2 .20 Other Expenses. $6,056.48 3 .1 6 Total. $10,278.48 5 .3 6 260 REPORT OF THE Receipts and Disbursements. R Reconciliation of Share Account with Dues and Profits Capital. e c e ip t s . Dues capital . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . . Surplus . . . . . Fines . . . . . Transfer fees . . . . Profits capital . . . . Over and short account Tem porary expense Forfeited share account Guaranty fund . . . . M atured share account Matured share certificate account . Personal accounts Insurance and taxes Security committee Revenue stamps Cash on hand October, 1915 $404,285 00 2,200 318,650 51,640 1,600 99,467 19 2,172 60 6 159 52 206 56 112,390 105,400 3,528 1,796 58 468 19,680 00 00 00 00 56 30 63 25 15 92 00 35 03 80 00 75 20 00 48 47 $1,123,897 89 D [Pub. Doc isb u r se m e n t s. Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Fines . . . . . Surplus . . . . . Interest . . . . . Tem porary expense Permanent expense Forfeited share account Over and short account Matured share account Matured share certificate account . Personal accounts Insurance and taxes Revenue stamps Dividend on matured share certificates . . . . . Cash on hand October, 1916 $153,812 265 83,689 15,382 29 28,830 588,325 49,385 5 133 588 9,222 1,054 129 259 112,390 4,600 644 1,919 370 00 00 00 18 45 86 00 00 39 75 89 17 42 79 08 80 00 74 18 00 6,703 58 66,157 61 $1,123,897 89 Date of Issue. Series. July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. April July Oct. Jan. M ay Aug. Nov. Feb. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. N ov. Feb. M ay Aug. Nov. Feb. M ay Aug. 1904 1904 1905 1905 1905 1905 1906 1906 1906 1906 1907 1907 1907 1907 1908 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 US 119 120 121 122 123 124 125 126 Value per Share. $200 18 195 00 189 84 184 79 179 76 174 77 169 82 164 91 160 10 155 32 150 55 145 85 141 20 136 61 132 01 127 52 123 08 118 68 114 36 108 58 104 34 100 15 95 98 91 87 87 81 83 82 79 83 75 89 72 04 68 18 64 37 60 63 56 92 53 26 49 62 46 02 42 45 38 94 35 46 32 03 28 65 25 30 21 99 18 73 15 50 12 33 9 18 6 09 3 02 Dues paid in advance . Shares in Force. Total Value. 106 $21,219 08 85 16,575 00 236 44,802 24 224 41,392 96 170 30,559 20 256 44,741 12 173 29,378 86 267 44,030 97 200 32,020 00 235 36,500 20 244 36,734 20 345 50,318 25 209 29,510 80 164 22,404 04 194 25,609 94 196 24,993 92 124 15,261 92 241 28,601 88 302 34,536 72 259 28,122 22 311 32,449 74 564 56,484 60 355 34,072 90 282 25,907 34 301 26,430 81 293 24,559 26 525 41,910 75 381 28,914 09 367 26,438 68 435 29,658 30 943 60,700 91 762 46,200 06 967 55,041 64 1,163 61,941 38 1,261 62,570 82 995 45,789 90 872 37,016 40 855 33,293 70 1,310 46,452 60 995 31,869 85 946 27,102 90 1,137 28,766 10 1,654 36,371 46 1,202 22,513 46 1,337 20,723 50 2,107 25,979 31 2,899 26,612 82 2,352 14,323 68 2,657 8,024 14 3,217 00 $1,658,651 62 Dues capital Profits capital Unpaid dues . $1,413,036 00 239,390 62 6,225 00 $1,658,651 62 D ates op E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , July 31-August 10 inclusive. 261 BAN K COMMISSIONER. *STo. 8. WATCH CITY CO-OPERATIVE BANK, WALTHAM. MAIN STREET. Incorporated March 25, 1914. Began business April 6, 1914. C o r n e l iu s F r e d e r i c k E . B u r k e , P r e sid e n t. J. M c C o r m i c k , T r e a s u r e r . B o a r d o f D ir e c t o r s : W . J. B a r r y , F . E . B u r k e , J. W . B u c k l e y , M . P. C o l l i n s , T . E . D e e h a n , F . W . D e r b y s h ir e , F . A. E l d r id g e , E . J. F l a n n e r y , T . J. F l a n n e r y , J. J. F l y n n , L. P. H a g e r , J. It. H u d s o n , F . J. K e l l y , R. L. L y o n s , C. J. M c C o r m ic k , J. W . M c M a m a m a , J. J. M o o n e y , J. P. M o r r i s s e y , C . L . R e a d e , J. A. R o o n e y , M . F . R u a n e , A . D . R h o d e s , P. H . S h e r i d a n , M . S u l l i v a n , D . J. T r a c e y , T . A. T r a c y . S e c u r it y C om m itte e : C. J. M c C o r m i c k , W . J. B a r r y , L. P. H a g e r , M . P. C o l l i n s , T . A . T racy - . Regular meetings for receipt of moneys the third Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . . . Unpaid interest . . . Permanent expense account Tem porary expense account Cash . . . . $29,500 1,076 104 235 30 4,686 . . . 00 00 00 44 31 01 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . ' Interest . . . Fines . . . Forfeited share account . . . . . . . . . . $33,193 1,721 35 26 137 48 469 00 97 53 03 38 30 55 $35,631 76 $35,631 76 Membership. Shares. Issued during year Withdrawn during year Forfeited during year Shares now pledged Shares in force . . . 504 300 75 226 1,572 Added during year Withdrawn during year Mem bers . . . Borrowers . . . . . 61 66 240 25 . . Profits Distributed. First U nm atured Sh ar es. term, \ V s % \ second term, fourth term, 1 H % . third term, Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 1 4 re a l estate lo a n s (average, $2,107.14 each; average rate, 6% ): 6%, 11 sh a re lo a n s (average, $97.82 each; average rate, 6% ); 6%, $1,076. $29,500. Total Expenses for Year. Am ount paid for . . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . Salaries. $60.00 1.68 Other Expenses. $270.79 7 .6 0 Total. $330.79 9 .2 8 262 [Pub. Doc| REPO RT OF ’ THE Reconciliation of Share Account with Dues and Profits Capital. R e ce ip ts a n d D isb u rsem en ts. R e c e ip t s . Dues capital Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Tem porary expense Forfeited share account Profits capital Guaranty fund . Cash on hand October, 1915 $17,440 7,400 700 1,608 171 140 810 5 1 1,976 00 00 00 93 49 50 00 12 69 30 95 $30,254 98 D 12 00 Dues paid in advance . is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans Fines i Interest . . . . Tem porary expense Forfeited share account Surplus . . . . Cash on hand October, 1916 Shares Value Date of Issue. Series. per Share. in Force. Total Value. $32 83 780 $25,607 40 April 1914 1 797 58 July 1914 2 29 54 27 25 656 50 26 26 Oct. 1914 3 22 505 34 4 22 97 Jan. 1915 1,755 97 5 89 April 1915 19 73 1,419 86 86 6 16 51 July 1915 1,346 33 101 13 33 Oct. 1915 7 2,575 54 8 10 18 253 Jan. 1916 1,019 52 144 April 1916 9 7 08 124 93 10 4 03 31 July 1916 14 00 14 11 1 00 Oct. 1916 $4,215 801 167 81 18,100 1,276 115 418 387 6 4,686 00 00 68 21 00 00 05 00 52 57 94 01 $35,834 97 $33,193 00 1,721 97 920 00 Dues capital Profits capital Unpaid dues $35,834 97 $30,254 98 D ates o r E x a m in a t io n and A u d it , August 24, 25. WATERTOWN CO-OPERATIVE BANK, WATERTOWN. 60 MAIN STREET. Incorporated June 23, 1888. H erbert E. M ayo, Began business June 28, 1888. U lysses P r e sid e n t . S. Y oung, T r e a su r e r . B o a r d o f D ir e c t o r s : C. W . B i x b y , C h a r l e s B r i g h a m , F. E. C r i t c h e t t , T . P. E m e r s o n , J. D . E v a n s , A. A . G l i d d e n , A n d r e w H a w e s , W . H. L u c a s , H. E. M a y o , L e w i s M c L a u t h l i n , A . E. O ’ N e i l , H . W . O t i s , F. D . T a r l t o n , J. F. T u f t s , U. S. Y o u n g . S e c u r i t y C om m itte e : F. E . C r i t c h e t t , A n d r e w H a w e s , W . H . L u c a s . Regular meetings for receipt of moneys the fourth Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate $1,217,596 00 Loans on shares . . . . 27,605 00 Permanent expense account 688 90 Tem porary expense account 987 50 Insurance and taxes paid 29 37 Dividend on matured share certificates . . . . . 1,602 50 Cash . . . . . 28,996 21 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,277,505 48 Dues capital . . . . Profits capital . . . . 900 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . Fines . . . . . Withdrawal profits Forfeited share account $893,800 00 161,530 57 180,000 13,902 13,762 12,790 272 200 1,245 00 81 96 04 93 87 30 $1,277,505 48 No. 8.] 263 BAN K COMMISSIONER. Membership. Shares. Issued during year . Withdrawn during year Forfeited during year . Matured during year . Shares now pledged . Shares in force . . ' Matured shares represented . . . 8,138 . . . 2,711 . . . 14 . . . 408 . . . 7,549 . . . 23,981 b y certificates 900 A dded during year Withdrawn during year Members . . . Borrowers . . . 677 256 2,266 574 . . Profits Distributed. U n m atured Sh ar es. First term, 2% % ; second term, 2 % % \ third term l 7/ie%M S h a r e C e r t if ic a t e s . atured First term, 2 ^ % ; second term, 234%; third term, 1M%Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Kates and Averages on Loans. 4 7 2 rea l estate lo a n s (average, $2,579.65 1 5 1 sh a re lo a n s (average, $182.81 each; each; average rate, 6% ): 6%, $1,217,596. average rate, 6% ); 6%, $27,605. Total Expenses for Year. Salaries. ..........................................$3,683.50 2 .88 Amount paid for . C ost per $1,000 of assets R e c e ip t s . $266,199 00 7,200 172,055 23,165 70,204 1,743 730 11 15 1,245 81,600 470 47,914 00 00 00 58 10 46 10 30 30 00 99 40 $672,554 23 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Fines . . . . . Interest . . . . . Temporary expense Permanent expense Taxes . . . . . Interest on matured shares . Dividend on matured share certificates . . . . . Cash on hand October, 1916 $66,520 1,022 57,936 8,013 230 23,475 444,321 27,160 4 100 6,656 808 500 418 00 00 00 11 86 85 00 00 74 25 36 80 36 69 6,390 00 28,996 21 Value Date of Issue. Series. per Share. 35 $190 40 June 1905 36 179 39 Dec. 1905 168 68 37 June 1906 158 19 38 Dec. 1906 39 147 97 June 1907 40 138 06 Dec. 1907 41 128 40 June 1908 42 118 97 Dec. 1908 109 80 43 June 1909 100 88 44 Dec. 1909 92 19 45 June 1910 46 83 75 1910 Dec. 75 55 47 June 1911 67 58 Dec. 1911 48 49 59 82 June 1912 52 27 Dec. 1912 50 44 93 51 June 1913 52 37 80 Dec. 1913 53 30 88 June 1914 24 14 54 Dec. 1914 55 17 59 June 1915 11 22 56 Dec. 1915 5 03 1916 57 2 00 58 Sept. 1916 ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , Shares Total Value. in Force. $41,507 20 218 341 61,171 99 32,892 60 195 57,581 16 364 41,431 60 280 45,697 86 331 43,784 40 341 49,015 64 412 46,555 20 424 59,216 56 587 40,747 98 442 42,712 50 510 47,067 65 623 43,386 36 642 35,233 98 589 56,817 49 1,087 54,500 09 1,213 59,383 80 1,571 45,270 08 1,466 58,684 34 2,431 42,251 18 2,402 39,718 80 3,540 11,252 11 2,237 3,470 00 1,735 1,260 00 Dues paid in advance . $1,060,610 57 Dues capital Profits capital Unpaid dues $672,554 23 D Total. $6,749.86 5 .2 8 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. Dues capital . . Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . W ithdrawal profits Permanent expense Temporary expense Forfeited share account M atured share certificate account . Taxes . . . . . Cash on hand October, 1915 Other Expenses. $3,066.36 2.40 January 11-18 inclusive. . . . . . . . . . . . . $893,800 00 161,530 57 5,280 00 $1,060,610 57 264 REPO RT OF THE [Pub. Doc. WAVERLEY CO-OPERATIVE BANK, BELMONT. 22 CHURCH STREET, WAVERLEY. Incorporated April 4, 1896. Began business April 13, 1896. J ohn P. B r ad bu ry , P r e sid e n t . I rving F. M u n ro e , T r e a su r e r . J. P. B r ad bu r y , L. B. C la r k , T . L. C r e e l e y , C. H . D e a rb or n , G. C. F lett , G. O. G u st in , C. O. H il l , G. F. K e nda ll , F. H. K endall , I. F. M u n ro e , H. II. R ussell , A. L. T a yl o r , A. D . W hitcomb , U. S. Y ou ng . B o a r d o f D ir e c t o r s : W . F. B e e t l e , S e c u r it y C om m itte e : H . H . R u ssel l , T . L. C r e e l e y , G . F. K e n d a l l . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Temporary expense account Taxes paid Cash . . . . Liabilities. $537,500 23,080 2,630 393 530 37,736 00 00 11 08 73 80 Dues capital Profits capital Guaranty fund . Surplus Interest . . . Fines . . . Withdrawal profits Application fees . $480,707 90,536 11,505 15,986 2,951 43 110 30 . . $601,870 72 Shares. Issued during year Withdrawn during year Forfeited during year . Matured during year Shares now pledged Shares in force 00 82 14 21 05 88 62 00 $601,870 72 Membership. 3,020 2,064 13 127 3,629 11,307 Added during year W ithdrawn during year Members . . . Borrowers . . . . . 242 192 1,103 25S Profits Distributed. U nm atured Sh ar e s . First term, 2 % % \ second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 1 2 ^ % on series from 4 to 8 years old; after 8 years, none. Rates and Averages on Loans. 1 9 5 r e a l estate lo a n s (average. $2,756.41 1 0 7 sh a re lo a n s (average, $215.70 each; each; average rate, 6% ); 6%, $537,500. average rate, 6% ); 6%, $23,080. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. ...........................................$2,014.29 .......................................... 3 .35 Other Expenses. $931.69 1.54 Total. $2,945.98 4 .89 265 B AN K COMMISSIONER, No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated b y maturity of shares Real estate loans repaid Share loans repaid Mortgages . . . . Real estate b y foreclosure Interest . . . . Fines . . . . Withdrawal profits Profits capital Temporary expense Matured share account Surplus . . . . Application fees . Suspense account Cash on hand October, 1915 $132,172 00 2,600 00 5,300 112,400 21,350 2,600 9,453 34,517 751 215 921 1 10 2,004 1 205 1,990 20,371 00 00 00 00 87 28 51 15 79 60 98 20 00 00 69 75 $346,866 82 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Taxes . . . . Real estate b y foreclosure Interest . . . . Temporary expense Matured share account Fines . . . . Surplus . Cash on hand October, 1916 00 00 00 31 30 47 00 00 39 44 90 96 60 40 2,895 25 37,736 80 $64,458 39 18,152 10,644 1 6,839 176,500 16,670 444 2,830 676 2,956 6,021 Date of Issue. Series. April Oct. Api il Oct. April Oct. April Oct. April Oct. April Oct. April Oct, April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Value $192 181 171 160 150 140 130 121 112 103 94 86 78 70 62 54 47 40 33 26 19 13 7 1 Dues paid in advance . 123 134 157 163 193 157 246 139 260 202 282 304 540 494 536 440 426 462 768 737 1,198 1,251 1,525 570 Total Value. $23,723 24,361 26,851 26,171 29,021 22,050 32,171 16,871 29,179 20,872 26,694 26,210 42,130 34,594 33,371 24,063 20,162 18,553 25,482 19,456 23,708 16,713 10,827 570 01 20 71 2S 41 65 88 82 80 66 12 88 80 82 36 60 58 92 24 80 42 36 50 00 356 00 $574,171 82 Dues capital Profits capital Unpaid dues $346,866 82 D ates of E x a m in a tio n an d A udit , January 31-Fcbruary 5 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 87 80 03 56 37 45 78 38 23 33 66 22 02 03 26 69 33 16 18 40 79 36 10 00 Shares $480,707 00 90,536 82 2,928 00 $574,171 82 266 REPORT OF THE [Pub. Doc. WEBSTER CO-OPERATIVE BANK, WEBSTER. 100 MAIN STREET. Iucorporated August 2, 1889. Began business August 8, 1889. Jam es C ooks . P r e sid e n t * fL AI. blASH, d'fectsu r e r* \ H. J. C l ar k e , J. W . D o b b ie , J. R. H a sk e l l , W . H. K in g , A ugust K isro , W . C . K l eb ob t , C. W . K osmaler , J. J. L e la n d , J. P. L o v e , James M cG e a r y , H. B. M on tagu e , L. E. P a tt iso n , I k e Sh e a , H. H. St er nb e rg . B o a r d o f D ir e c t o r s : James B r e n n a n , S e c u r it y C o m m itte e : Ja m es C ocks , L. E. Pa tt iso n , G. F. H a r t . Regular meetings for receipt of moneys the second Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Bonds and notes Loans on real estate Less amount due Liabilities. $5,000 00 3293,920 00 1,200 00 292,720 5,648 3,800 568 779 40 48 264 19,859 Loans on shares . Comm on form mortgages Real estate b y foreclosure, etc. Unpaid interest . Unpaid premiums Unpaid fines Temporary expense account Cash . . . . 00 00 00 12 50 60 15 21 60 Dues capital Profits capital Guaranty fund . Surplus . . . Interest . . . Premiums . . Fines . . . W ithdrawal profits $260,671 47,194 7,656 7,970 4,767 236 51 180 . . . $328,728 18 00 65 00 97 43 20 34 59 $328,728 18 Shares. Membership. Issued during year Withdrawn during year Retired during year Matured during year Shares now pledged Shares in force . . . 1,375 846 86 15 1,710 6,173 A dded during year W ithdrawn during year Members . . . Borrowers . . . . . . . 131 91 732 180 Profits Distributed. U nm atured Sh a r e s . First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 1 6 0 r e a l estate lo a n s (average, $1,829.50 21 sh a re lo a n s (average, $268.95 each; each; average rate, 6.30% ): 6% o% , $292,720. average rate, 6.27% ): 6%, $380; 6%o%. $5,268. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $950.00 2 .8 9 Other Expenses. $265.17 .80 Total. $1,215.17 3 .69 No. 8.] 267 B AN K COMMISSIONER. Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R eceipts . Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Premiums . . . . . Withdrawal profits Cash on hand October, 1915 $72,414 00 3,000 71,520 7,540 5,670 150 3,264 18,518 900 209 336 10 2,996 00 00 00 00 00 90 03 36 30 00 00 88 $186,529 47 D isbu rsem ents . Dues capital withdrawn Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital retired . Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Real estate b y foreclosure . Interest . . . . . Temporary expense Cash on hand October, 1916 $36,792 11,685 2,157 6,681 4,687 954 89,010 8,708 4,470 224 85 1,215 19,859 00 00 00 02 59 82 00 00 00 26 01 17 60 $186,529 47 Date of Issue. Series, „ ^ Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. Feb. Aug. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 rw p $199 188 177 166 156 145 135 126 116 107 98 89 81 73 65 57 49 42 35 28 21 15 9 3 Shares 54 24 27 51 05 79 84 13 62 38 40 69 21 00 03 29 77 48 39 52 85 38 10 00 1 56 76 57 91 78 68 134 97 97 242 180 233 260 320 171 402 425 446 374 591 518 631 625 Dues paid in advance . Total Value. $199 10,541 13,472 9,491 14,200 11,371 9,237 16,901 11,312 10,415 23,812 16,144 18,921 18,980 20,809 9,796 20,007 18,054 15,783 10,666 12,913 7,966 5,742 1,875 54 44 52 07 55 62 12 42 14 86 80 20 93 00 60 59 54 00 94 48 35 84 10 00 358 00 $308,975 65 $260,671 47,194 1,105 5 Dues capital Profits capital Unpaid dues Suspense dues 00 65 00 00 $308,975 65 D ates of E xamination and A udit , M ay 8-11 inclusive. WEIR CO-OPERATIVE BANK, TAUNTON. 10 WEST WATER STREET. Incorporated July 11, 1884. Began business July 16, 1884. R e u b en W. C h ase , T r e a s u r e r . A rthur C. Staples , P r e sid e n t . J. L. A nthony , H. L. B lood , T . P. B ur t , J. A. C r a n e , J. II. D alglish , J. M . F itzgerald , G. W. G rigor , J. A . M c D onald C. S. P a r k e r , J. A. Q u ig le y , A. C. S taples , J. H. S toddard , A. H. T e t l o w , E. A T e tl o w , O. G . T homas , J. G . W il lia m s , H. S. W ood . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : J. H . D alglish A. C. St ap les , J. H. Stoddard . Regular meetings for receipt of moneys the sixteenth of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . . . Tem porary expense account Suspense account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $508,100 7,250 602 1 12,633 00 00 36 00 10 $928,586 46 Dues capital Profits capital 198 matured shares represented b y certificates Guaranty fund . Surplus Interest . . Fines and transfer fees . $400,324 00 60,747 87 39,600 7,424 12,467 7,891 130 00 85 63 65 46 $528,586 46 268 REPO RT OF THE [Pub. Doc, Shares. Membership. Issued during year . . . . W ithdrawn during year . . . M atured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 1,904 1,145 110 2,844 8,886 198 Added during year W ithdrawn during year Members . . . Borrowers . . . . . 168 111 968 343 . . Profits Distributed. U nm atured Sh ar e s . First term, 2 % % ; second term, 2 % % . M atu red Sh are C e rtificates . First term, 2^8%; second term, 2%%. Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 8 5 5 r e a l estate lo a n s (average, $1,431.26 I S sh a re lo a n s (average, $402.77 each; each; average rate, 5.30%): 5%o%. $508,100. average rate, 5.30%); 5%o%, $7,250. Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets . . Salaries. $1,173.64 2.22 . Receipts and Disbursements. $105,715 00 5,800 77,650 7,050 26,457 739 199 4,600 00 00 00 65 55 54 00 2 00 30 46 11,237 94 $239,482 14 D isbu rse m e nts . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . Temporary expense M atured share account M atured share certificate account . Suspense account D ividend on m atured share certificates Cash on hand October, 1916 . $43,873 16,060 6,574 5,900 139,650 9,850 112 1,531 1,196 400 7 Total. $1,531.05 2.90 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans eliminated b y m aturity of shares . Real estate loans repaid Share loans repaid Interest Fines and transfer fees . Matured share account Matured share certificate account . Suspense account Surplus . . . . . Cash on hand October, 1915 Other Expenses. $357.41 .68 00 00 07 53 00 00 35 05 14 00 00 Date of Issue. Series. Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July Jan. July 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 $190 180 170 160 150 140 131 122 113 104 96 88 80 72 64 57 50 42 36 29 22 16 10 4 Dues naid in advance . 1,694 90 12,633 10 $239,482 14 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 Value 95 49 09 07 30 75 45 35 50 86 43 20 18 37 75 31 05 97 07 32 76 34 09 00 Shares in force. 100 $19,095 00 44 7,941 56 126 21,431 34 53 8,483 71 72 10,821 60 166 23,364 50 69 9,070 05 192 23,491 20 68 7,718 00 358 37,539 88 103 9,932 29 295 26,019 00 629 50,433 22 408 29,526 96 387 25,058 25 408 23,382 48 547 27,377 35 634 27,242 98 532 19,189 24 532 15,598 24 648 14,748 48 825 13,480 50 756 7,628 04 934 3,736 00 601 00 $462,910 87 Dues capital Profits capital Unpaid dues $400,324 00 60,747 87 1,839 00 $462,910 87 D a tes op E x am in a tio n and A u d it , June 23-30 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER. No. 8. 269 WELLESLEY CO-OPERATIVE BANK, WELLESLEY. 546 WASHINGTON STREET. Incorporated January 24, 1911. Began business January 25, 1911. W illiam W . M c L eod , P r e sid e n t . T . R aym ond P ierce , T r e a s u r e r . C. A. B u n k e r , T. D . C olem an , J. A. E arly , G. C. F uller , B. W. G u e r n se y , J. D . H ar d y , F. O. Johnson , W. W . M c L eod , W. A. P a r k s , T. R. P ie r ce , O. L. Schofield , G. N. Sm ith , I saac Sprag ue , M . C. S pring , G. A. S w e e t s e r . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : T . D. C ole m a n , F. 0 . J ohnson , J. D . H ar d y , W. W. M cL eod , G. N. Sm ith . Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Loans on shares . Permanent expense account Temporary expense account Cash . . . . . $234,792 12,0S0 500 337 11,666 77 00 00 73 32 Dues capital . . Profits capital . . Guaranty fund . . Surplus . . . Interest . . . Fines . . . Transfer fees . . Withdrawal profits Forfeited share account . . . . . . . . . . . . . . $229,349 25,102 834 228 3,728 78 00 49 57 33 54 90 25 41 74 13 00 $259,376 82 $259,376 82 Membership. Shares. Issued during year W ithdrawn during year Forfeited during year . Shares now pledged Shares in force . . . 2,146 616 1 1,648 7,674 A dded during year Withdrawn during year Members . . . . Borrowers . . . . . . 163 48 762 145 Profits Distributed. U nm atured Sh ar e s , First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 1 0 6 re a l estate lo a n s (average, $2,215.02 each; average rate, 6.47% ); 6%, $4,000; 6J4%, $20,100; 6 } 4 % t $210 692.77. (average, $280.93 each; average rate, 6.50%); 6J^%, $12,080. 4 8 sh a re lo a n s Total Expenses for Year. Amount paid for . . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $675.00 2.60 Other Expenses. $709.26 2.73 Total. $1,384.26 5.33 270 REPO RT OF THE Receipts and Disbursements. [Pub. Doc, Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital . . . . Real estate loans repaid Share loans repaid . Interest . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeited share account Cash on hand October, 1915 $83,439 19,461 4,250 14,271 253 2 123 13 4,190 00 26 00 36 03 00 67 00 05 $126,003 37 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans . . . . Temporary expense Permanent expense Surplus . . . . . Cash on hand October, 1916 $14,990 00 13 00 1,623 46 87 85,864 46 10,060 00 1,277 55 506 71 1 00 11,666 32 Date of Issue. Series. peragU heare. in Total Value. Feb. 1911 Aug. 1911 Feb. 1912 Aug. 1912 Feb. 1913 Aug. 1913 Feb. 1914 Aug. 1914 Feb. 1915 Aug. 1915 Feb. 1916 Aug. 1916 $65,252 30,132 20,410 13,916 20,658 12,874 30,098 18,665 14,543 15,728 9,354 2,889 1 2 3 4 5 6 7' 8 9 10 11 12 $81 72 65 57 49 42 35 28 21 15 9 3 16 96 00 27 78 49 41 54 87 39 10 00 804 413 314 243 415 303 850 654 665 1,022 1,028 963 Dues paid in advance . 64 48 00 61 70 47 50 16 55 58 80 00 828 00 $255,352 49 Dues capital Profits capital Unpaid dues $229,349 00 25,102 49 901 00 $255,352 49 $126,003 37 D ates of E x a m in a tio n an d A ud it , June 15-20 inclusive. WESTFIELD CO-OPERATIVE BANK, WESTFIELD. 7 COMMERCIAL BLOCK, ELM STREET. Incorporated December 13, 1881. Began business December 19, 1881. Sum ner B. C am pbell , P r e sid e n t . Jam es H . C l a r e , T r e a s u r e r . N. S. B a r n e s , S. B. C am pbell , J. H. C l ar k , C. H. C ooley , Jr., T . J. C ooley , H .S . E aton , F. M . G ibbons , H. W . K ittredge , T homas L ittle , H. P. M ose le y , A . G. N orton , O. E . P a rk s , G. E. S hepard , Jr., F. E . T ib ba ls . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : S. B. C am pbell , T homas L ittle , J. H. C l ar k . Regular meetings for receipt of moneys the-third M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Less amount due Liabilities. $632,300 00 9,093 00 Loans on shares . Real estate b y foreclosure, etc. Unpaid interest . Permanent expense account Tem porary expense account Insurance and taxes paid Over and short account Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $623,207 30,085 4,254 4,146 895 907 43 11 101,745 00 00 86 00 85 31 50 53 17 $765,296 22 Dues capital . . . . Profits capital . . . . 148 matured shares represented b y certificates . . . . Guaranty fund . . . • . Surplus . . . . . Interest . . . . . Fines . . . . . Withdrawal profits Matured share account $587,981 00 105,320 37 29,600 9,879 16,733 15,137 489 155 00 27 22 04 45 67 20 $765,296 22 271 B A N K COMMISSIONER. No. 8.] Membership. Shares. Issued during year . . > . 3,295 Withdrawn during year . . . 1,968 Forfeited during year . . . . 14 Matured during year . . . . 213 Shares now pledged . . . . 4,129 Shares in force . . . . . 12,236 Matured shares represented b y certificates 148 A dded during year . W ithdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 339 240 1,300 447 Profits Distributed. U nm atured Sh ar e s . First term, 2 % % ] second term, 2 % % . M atured Sh are C ertificates . First term, 2 l/ i % \ second term, 2M%Proportion of profits retained on voluntary withdrawals, 25% of last dividend. Rates and Averages on Loans. S 6 3 r e a l estate lo a n s (average, $1,716.82 each; average rate, 6% ): 6%, $623,207. 1 2 % s h a re lo a n s (average, $246.59 each; average rate, 6% ); 6%, $30,085. Total Expenses for Year. Salaries. $2,683.34 3.51 Amount paid for . Cost per $1,000 of assets Receipts and Disbursements. Other Expenses. $1,008.37 1.32 Total. $3,691.71 4.83 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans eliminated by forecjosure ,. Real estate loans eliminated by maturity of shares _. Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . Fines . . . . Withdrawal profits Forfeited profits Forfeited share account Matured share account Matured share certificate account . Insurance account Cash on hand October, 1915 $144,194 00 2,800 00 3,600 195,225 16,389 12,925 3,372 39,962 905 372 2 351 42,602 15,800 8 24,431 00 00 00 00 71 57 40 36 66 26 52 00 25 72 $502,942 45 D isbu rsem ents . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Real estate b y foreclosure Dividends on matured share certifi cates . . . . . Temporary expense Permanent expense Forfeited share account Matured share account Matured share certificate account . Insurance account Interest ac c o unt . . . . Cash on hand October, 1916 $57,326 322 30,666 7,073 29 11,936 214,050 21,764 3,832 3,033 00 00 00 39 26 52 00 00 00 89 1,066 3,514 582 388 42,602 3,000 8 1 101,745 50 71 79 65 32 00 25 00 17 Date of Issue. Series. Dec.. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June Dec. June 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 of 99 23 74 51 55 84 38 16 18 43 90 59 49 60 91 43 13 02 09 34 76 34 09 00 258 44 350 170 390 140 260 199 327 143 405 225 466 368 558 425 720 432 853 687 1,128 705 1,795 1,188 $50,049 8,062 60,459 27,626 59,494 19,997 34,678 24,707 37,663 15,219 39,649 20,157 37,974 27,084 36,777 24,832 36,813 19,016 31,637 20,843 26,801 12,224 19,906 5,940 42 12 00 70 50 60 80 84 86 49 50 75 34 80 78 75 60 64 77 58 28 70 55 00 714 00 $693,334 37 Dues capital Profits capital Unpaid dues E x a m in a tio n and A u d it , August 14-16 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Value. $193 183 172 162 152 142 133 124 115 106 97 89 81 73 65 58 51 44 37 30 23 17 11 5 Dues paid in advance . $502,942 45 D ates 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 $587,981 00 105,320 37 5,033 00 $698,334 37 272 REPO RT OF THE [Pub. Doc. WEST NEWTON CO-OPERATIVE BANK, NEWTON. 1349 WASHINGTON STREET, WEST NEWTON. Incorporated June 14, 1892. C h a r le s E . H a t f ie l d , B o a r d o f D ir e c t o r s : F . J . Began business June 22, 1892. P r e sid e n t . J o seph B u r r a g e, H . L . B u r r a g e, R . S. M . F - L u c a s , F r a n c is N e w h a l l , E l l e r y P e a b o d y , S . B . T h o m a s, H . L . W h it t l e s e y , E . F . W o o d s. S e c u r it y C om m itte e : F . M . L o w e , F r a n c is N ew h a ll, A . S y m o n d s, H a r r iso n , C . E . H a t f ie l d , G. M . R . P u l s if e r , J . B . F . F . T re a su re r. M . L o w e, R o ss, J. A . S y m o n d s, L u c a s. Regular meetings for receipt of moneys the fourth Wednesday of each month. STATEMENT OF CONDITION AT fcHE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Less amount due Liabilities. $370,535 00 9,455 32 Loans on shares . Tem porary expense account Insurance and taxes paid Cash . $361,079 6,715 303 19 22,463 68 00 23 67 33 Dues capital . . . . Profits capital . . . . 90 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . Interest . . . . . Fines . . . . . Withdrawal profits Forfeiture profits $390,580 91 $306,022 00 49,331 98 18,000 4,981 9,139 2,771 136 53 143 00 77 04 81 67 70 94 $390,580 91 Shares. Membership. Issued during year . . . . Withdrawn during year Forfeited during year . . . . Matured during year . . . . Shares now pledged . . . . Shares in force . . . . . Matured shares represented b y certificates 1,870 1,350 5 112 2,169 7,065 90 Added during year W ithdrawn during year Members . . . Borrowers . . . . . 137 97 753 200 . . Profits Distributed. U n m a tu r ed S h a r e s. F irst term , 1 1 4 % ; second term , 1 1 4 % ; 1 1 4 % ; fou rth term , 1 J 4 % . M a t u r ed S h a r e third term, C e r t if ic a t e s . First term, 114%; second term, 114%; third term, 114%; fourth term, 114%Proportion of profits retained on voluntary withdrawals, 10% on series less than 5 years old; over 5 years, none. R ates a n d A verages o n L oa n s. 7 9 r e a l estate lo a n s (average, $2,017.20 21 sh a re lo a n s (average, $319.76 each; each; average rate, 5.30%): 5% 0%, $359,079.68; 6%, $2,000. average rate, 5.30% ): 5% 0%, $6,715. T o ta l E xpenses fo r Y ea r. Amount paid for Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis - • - - Salaries. Other Expenses. $1,092.83 $636.09 2 .80 1.63 Total. $1,728.92 4 .4 3 B AN K COMMISSIONER, No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . . • • Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage leans Interest . Fines . . Withdrawal profits Forfeited profits . . . . Tem porary expense Forfeited share account Matured share account Matured share certificate account . Personal accounts . Insurance and taxes Cash on hand October, 1915 $84,348 00 6,100 00 42,200 3,745 25,029 19,274 619 1S2 15 25 22,418 12,600 48 129 4,429 00 00 25 03 20 94 25 00 20 41 00 16 62 16 $221,164 22 D isb u r se m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Withdrawal profits Interest . Tem porary expense Forfeited share account Matured share account Personal accounts Insurance and taxes . • Dividend on matured share certifi cates . . . . • Cash on hand October, 1916 $38,376 25 16,352 5,603 2 5,974 82,400 5,260 19,373 1 91 1,743 25 22,418 48 389 273 00 00 00 07 55 57 00 00 93 50 84 92 20 41 16 53 615 21 22,463 33 $221,164 22 Date of Issue. Series. Dec. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. 1904 1905 1905 1905 1906 1906 1906 1906 1907 1907 1907 1907 1908 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 Value Shares Total Value. per Share. in Force. $193 93 66 $12,799 38 29 5,314 83 183 27 178 04 25 4,451 00 172 88 36 6,223 68 838 90 167 78 5 162 75 61 9,927 75 7,731 22 157 78 49 152 87 74 11,312 38 7,104 96 148 02 48 143 23 31 4,440 13 138 50 18 2,493 00 133 83 37 4,951 71 92 11,888 24 129 22 124 66 54 6,731 64 20 120 16 2,403 20 90 10,413 90 115 71 13,915 00 111 32 125 106 98 99 10,591 02 80 8,216 00 102 70 98 47 60 5,908 20 94 29 81 7,637 49 90 16 53 4,778 48 86 08 170 14,633 60 201 16,492 05 82 05 78 07 83 6,479 81 74 14 8,081 26 109 160 11,241 60 70 26 66 43 166 11,027 38 62 65 206 12,905 90 7,481 57 58 91 127 142 7,841 24 55 22 51 58 165 8,510 70 13,386 42 47 98 279 44 42 105 4,664 10 222 9,082 02 40 91 208 7,787 52 37 44 34 01 258 8,774 58 144 4,410 72 30 63 10,070 01 27 29 369 305 7,316 95 23 99 8,312 73 401 20 73 282 4,937 82 17 51 14 33 249 3,568 17 257 2,875 83 11 19 514 8 09 4,158 26 421 5 03 2,117 63 2 00 289 578 00 Dues paid in advance . 617 00 $357,424 98 Dues capital Profits capital Unpaid dues $306,022 00 49,331 98 2,071 00 $357,424 98 D a t e s of E x a m in a t io n a n d A u d it , February 3 -7 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 274 REPO RT OF THE [Pub. Doc. WEST ROXBURY CO-OPERATIVE BANK, BOSTON. 55 KILBY STREET. Incorporated February 1, 1881. Began business March 3, 1881. E u g e n e W . C l a r k , P r e sid e n t . I r v in g B . C o b u r n , T r e a su r e r . L. J. B r a c k e t t , E. M . B r e w e r , E. L. C a l d w e l l , E. W . C l a r k , A . B . C l o u g h , I. B . C o b u r n , E. V . G r a b il l , A. W . J o s l in , W . M . K in g m a n , F. S. M a s o n , F. A. M o r s e , A. M . N e w t o n , C . J. N ic h o l s , B e n ja m in P r o c t o r , Jr., J. T . W h it m a n . B o a r d o f D ir e c t o r s : S e c u r i t y C o m m itte e : E . M . B r e w e r , F . S. M a s o n , J. T . W h it m a n . Regular meetings for receipt of moneys the first Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate $1,178,550 00 Less amount due 15,490 00 $1,163,060 69,600 2,282 30 37,654 Loans on shares . Unpaid interest . Insurance and taxes paid Cash 00 00 80 32 43 Dues capital Profits capital Guaranty fund . Surplus . Security committee $1,037,405 207,228 17,677 9,906 409 $1,272,627 55 $1,272,627 55 Shares. Issued during year . W ithdrawn during year Matured during year . Shares now pledged . Shares in force . . Membership. . . . . . . . . 00 91 22 92 50 . . . . . . . 3,681 2,139 469 7,956 18,784 Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . . . . . 310 228 1,964 610 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2)4% ; second term, 1)4%; third term, lb£%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 4 3 0 re a l estate lo a n s (average, $2,704.79 each; average rate, 5.19%); 5%, $706,850; 5)4% , $456 210 1 8 0 sh a re lo a n s (average, $386.66 each; average rate, 5.44%); 5%, $31,200; 5)4% , $15,050; 6%, $23,350. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $3,297.44 2.59 Other Expenses. Total. $2,036.32 $5,333.76 1.60 4 .19 No. 8.] BANK COMMISSIONER, Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . . Dues capital Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Interest . . . . Fines . . . . Transfer fees Withdrawal profits Tem porary expense Surplus . . . . Taxes and insurance Fire loss . . . . Personal accounts Security committee Profits capital Cash on hand October, 1915 $222,278 00 24,550 108,300 37,900 78,600 63,483 1,836 6 2,197 242 227 223 1,493 317 611 2 49,168 00 00 00 00 54 57 75 23 75 24 22 00 12 80 37 54 $591,438 13 D is b u r s e m e n t s . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans Uncompleted mortgage loans Interest . . . . Temporary expense Guaranty fund . Interest on matured shares . Fire loss . . . . Security committee Personal accounts Taxes and insurance . Cash on hand October, 1916 $79,313 68,696 11,630 24,284 238,450 39,750 82,250 4 5,576 213 1,153 1,493 398 317 253 37,654 00 00 04 35 00 00 00 89 51 21 74 00 30 12 54 43 Date of Issue. Series. Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay N ov. M ay Nov. M ay Nov. M ay Nov. M ay Aug. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 Value per Share. $196 01 185 37 175 01 164 87 154 97 145 35 135 93 126 80 117 79 109 20 100 53 92 15 83 96 76 02 68 23 60 63 53 20 45 97 38 91 32 01 25 29 18 73 12 33 6 09 3 03 _ Shares in Force. Total Value. 262 $51,354 62 267 49,493 79 337 58,978 37 528 87,051 36 415 64,312 55 491 71,366 85 450 61,168 50 685 86,858 00 488 57,481 52 501 54,709 20 669 67,254 57 763 70,310 45 696 58,436 16 668 50,781 36 797 54,379 31 876 53,111 88 789 41,974 80 1,146 52,681 62 1,038 40,388 58 1,135 36,331 35 1,142 28,881 18 1,292 24,199 16 1,417 17,471 61 1,436 8,745 24 496 1,502 88 Dues paid in advance . 1,404 00 $1,250,628 91 Dues capital Profits capital Unpaid dues $591,438 13 D a t e s op E x a m in a t io n a n d A u d it , March 14-21 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 275 . . . . . . . . . . . . $1,037,405 00 207,228 91 5,995 00 $1,250,628 91 276 REPO RT OF THE [Pub. Doc. WEST SOMERVILLE CO-OPERATIVE BANK, SOMERVILLE. 413A HIGHLAND AVENUE, WEST SOMERVILLE. Incorporated November 29, 1890. Began business December 11, 1890. J. W a r r e n B a il e y , P r e sid e n t . W in so r L . S n o w , T r e a s u r e r . G. W . B r y a n t , Z. E. C l if f , W. H. D o l b e n , F . A. P. F isk e W A J a c k s o n , E. D . L a c o u n t , F . H. M a r s h a l l , W. C . M e n t z e r , F . W. M o r r is o n , W. H .’ P e a k ’ B o a r d o f D ir e c t o r s : J . W . B a il e y , ^ FN 'T e r r y INS’ W ’ A ’ SNOW’ W - S e c u r i t y C om m ittee: L ' S n o w ’ E - S - S p a r r o w , C. L. St e v e n s , F . F . S t o c k w e l l , E. S. S p a r r o w , W. N. R o b b in s , W . L. S n o w . Regular meetings for receipt of moneys the third M onday of each month. STATEMENT OP CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Com m on form mortgages Real estate b y foreclosure, etc. Unpaid fines Permanent expense account Temporary expense account Insurance and taxes paid Cash . . . . Liabilities. $644,418 28,235 3,000 2,409 39 642 540 140 32,543 00 00 00 65 23 87 93 35 75 Dues capital . Profits capital 40 matured shares represented by certificates Guaranty fund . Surplus . . . . Interest Transfer fees Withdrawal profits Forfeited share account Personal accounts Profit and loss $711,969 78 $589,191 00 8,000 7,408 6,090 4,303 214 94 4 6 00 71 82 64 75 08 85 00 92 $711,969 78 Shares. Membership. Issued during year . . . . 3,028 W ithdrawn during year . . . 1,870 Forfeited during year . . . . 17 Retired during year . . . . 230 Matured during year . . . . 151 Shares now pledged . . . . 4,165 Shares in force . . . . . 13,294 Matured shares represented b y certificates ’ 40 Added during year : W ithdrawn during year Members . . . . Borrowers . . . . 322 244 1,484 324 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 1 % % ; second term, 1 % % ; third term, 1M % ; fourth term, M a t u r e d S h a r e C e r t if ic a t e s . First term, 1% % ; second term, 1 % % ; third term, 1% % ; fourth term, 1% % . Proportion of profits retained on voluntary withdrawals, 16%%. Rates and Averages on Loans. 2/+6 r|?/)4S200 l°a n S (aVerage’ S2'619-59 each! average rate, 5.39%); 5%, $129,518; 5 % % , $10,700; 5 % % , 1 2 3 s h a re lo a n s (average, $229.55 each; average rate, 5.47%); 5%, $1,560; 5 % % , $100; 5% % , $26,575. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,351.60 3 .30 Other Expenses. Total. $1,315.23 $3,666.83 1.85 5 .1 5 BAN K COMMISSIONER. No. 8.] Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure Real estate loans eliminated by m a t u r i t y of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Matured share account Matured share certificate account . Personal accounts Insurance . . . . Cash on hand October, 1915 $153,234 00 2,800 00 10,600 96,600 26,302 3,900 35,359 976 5 1,317 50 30,328 8,100 4 12 33,201 00 00 00 00 52 76 75 77 57 59 85 00 00 50 62 $402,793 93 D isbursements. Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Dividend, matured share certificates . . . . Fines . . . . Real estate b y foreclosure Interest . . . . Temporary expense Permanent expense Forfeited share account Matured share account Matured share certificate account . Insurance . . . . Cash on hand October, 1916 $59,368 49 30,263 22,130 8,339 3 9,756 8,198 156,350 15,547 00 00 00 00 36 42 79 85 00 00 186 75 40 05 07 S3 87 59 85 00 35 75 3.173 95 3,441 842 65 30,328 2,100 10 52,543 $402,793 93 D ates of E x a m in a t io n https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis and A u d it , 277 Date of Issue. Series. Value per Share. Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. $196 186 175 165 155 146 136 127 118 109 101 92 84 77 74 70 66 62 58 55 51 47 44 40 37 34 30 27 23 20 17 14 11 8 5 2 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 Dues paid in advance . 87 22 86 68 78 10 66 47 48 71 14 80 64 95 05 19 37 59 90 20 55 96 40 88 42 00 61 26 96 70 48 31 18 08 02 00 Shares 100 166 179 96 117 205 212 210 246 220 278 345 479 403 231 205 189 447 274 514 366 430 283 362 291 613 478 402 518 637 578 578 611 806 614 611 Total Value. $19,687 30,912 31,478 15,905 18,226 29,950 28,971 26,768 29,146 24,136 28,116 32,016 40,542 31,413 17,105 14,388 12,543 27,977 16,138 28,372 18,867 20,622 12,565 14,798 10,889 20,842 14,631 10,958 12,411 13,185 10,103 8,271 6,830 6,512 3,082 1,222 00 52 94 28 26 50 92 70 08 20 92 00 56 85 55 95 93 73 60 80 30 80 20 56 22 00 58 52 28 90 44 18 98 48 28 00 285 00 $689,880 01 Dues capital Profits capital Unpaid dues January 7-13 inclusive. $589,191 00 96,655 01 4,034 00 $689,880 01 278 REPO RT OF THE [Pub. Doc. WEST SPRINGFIELD CO-OPERATIVE BANK, WEST SPRINGFIELD. 126 PARK STREET. Incorporated April 8, 1897. F eed Began business M ay 27, 1897. H . S i b l e y , P r e s id e n t . W il s o n C . D . C l a r k , C. A. E d g e r t o n , M cC a r t h y , W . H . P ie r c e , T. A. R o g e r s , A. S i b l e y , J. J. S w e e n e y , Jr. B o a r d o f D ir e c t o r s : J. F. S e c u r it y C om m itte e : M cC arth y, T . A. B. C h a n d l e r , T rea su rer. W. J. E l d r e d , J. H . H e a l y , G. A . H i l l , J. F. F. R o y c e , F. P . S a r g e n t , A. A . S i b l e y , F. H . R ogers, A . F. R oyce. Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Loans on shares . Unpaid interest . Unpaid fines Cash Liabilities. $392,775 8,525 679 95 25,846 00 00 62 78 72 Dues capital . . . . Profits capital . . . 111 matured shares represented by certificates . . . . Guaranty fund . . . . Surplus . . . . . Dividend, matured share certificates . . . . $427,922 12 22,200 00 4,294 77 3,090 32 427 50 $427,922 12 Shares. Issued during year Withdrawn during year Matured during year Shares now pledged Shares in force $339,327 00 58,582 53 Membership. . . . . 1,536 1,031 181 2,366 7,095 A dded during year Withdrawn during year Members . . . Borrowers . . . 173 131 858 273 . . Profits Distributed. U nm atured Sh ares. First term, 2J^%; second term, 2J^%. M atured Sh are C e r t if ic a t e s . First term, 2 } 4 % ; second term, 2 } £ % . Proportion of profits retained on voluntary withdrawals, none. Rates and Averages on Loans. 2 4 2 re a l estate lo a n s (average, $1,623.04 each; average rate, 5.53%): 5%, S o s h a re lo a n s (average, $243.57 each; average rate, 6% ); 6%, $8,525. $183,500; 6%, $209,275. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $614.48 1.43 Other Expenses. $152.33 .35 Total. $766.81 1.78 % BAN K COMMISSIONER, No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . . . . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Transfer fees . . . . Matured share certificate account . Security committee Cash on hand October, 1915 $86,421 00 00 00 00 74 93 00 00 00 10 880 84 4,700 72,750 8,700 22,172 452 2 17,400 100 $213,579 61 D is b u r s e m e n t s . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Temporary expense Dividend, matured share certificates . . . . . Cash on hand October, 1916 279 $47,164 26,426 7,698 9,513 89,050 6,525 283 766 00 00 14 22 00 00 72 81 306 00 25,846 72 Date of Issue. Series. Nov. M ay Nov. M ay Nov. Ma y Nov. M ay N ov. M ay N ov. M ay Nov. M ay Nov. M ay N ov. M ay N ov. M ay N ov. Ma y N ov. M ay 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 Value $196 185 175 165 155 145 136 126 117 109 100 92 83 75 68 60 53 45 38 32 25 18 12 6 Dues paid in advance . $213,579 61 59 89 46 27 32 59 10 86 85 04 48 10 94 97 19 60 19 96 90 01 29 73 33 09 Shares Total Value. 52 87 39 78 126 97 83 122 150 211 215 278 292 315 325 353 445 417 416 569 533 518 695 679 $10,222 16,172 6,842 12,891 19,570 14,122 11,296 15,476 17,677 23,007 21,603 25,603 24,510 23,930 22,161 21,391 23,669 19,165 16,182 18,213 13,479 9,702 8,569 4,135 68 43 94 06 32 23 30 92 50 44 20 80 48 55 75 80 55 32 40 69 57 14 35 11 108 00 $399,706 53 Dues capital Profits capital Unpaid dues $339,327 00 58,582 53 1,797 00 $399,706 53 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 and A u d it , A u g u s t 17, 18 a n d 2 1 . 280 REPO RT OF THE [Pub. Doc. WHITMAN CO-OPERATIVE BANK, WHITMAN. 570 WASHINGTON STREET. Incorporated M arch 6, 1889. G eorge L. Began business March 11, 1889. P a i n e , P r e s id e n t . G eorge S o u l e , T re a su re r. D . F. A l d e n , W i l l i a m B l i s s , B . F. B o w k e r , A r t h u r C o l e m a n , W . H . C o o k , E . I5. C o p e l a n d , F. E . C u m m i n g s , A . L. C u r t i s , D . C . D o n o v a n , G . A . D o r r , I. O . E s t e s , D. F . N u g e n t , F. W . O s b o r n e , G . L. P a i n e , G . D. S o u l e . B o a r d o f D ir e c t o r s: W . S e c u r it y C om m ittee: G . A . D orr , I. O . E ste s, G . D . So u le . Regular meetings for receipt of moneys the second M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans on real estate Less amount due Liabilities. $776,825 00 6,905 18 Loans on shares . . . . Comm on form mortgages Real estate b y foreclosure, etc. Temporary expense account Insurance and taxes paid Cash . . . . . $769,919 22,859 5,880 2,715 1,580 13 10,140 82 00 00 57 32 19 44 Dues capital . . . . Profits capital . . . . 390 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Interest . . . . . Premiums . . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Forfeiture profits Forfeited share account M atured share account $813,108 34 $569,580 00 109,579 62 78,000 12,755 17,123 23,408 1,188 958 2 450 20 10 30 00 92 32 81 95 51 50 11 36 00 24 $813,108 34 Shares. Membership. Issued during year . 3,422 Withdrawn during year . 1,568 Forfeited during year . 13 M atured during year 257 Shares now pledged . 4,667 Shares in force . . . . . 12,421 Matured shares represented b y certificates 390 A dded during year Withdrawn during year Members . . . Borrowers . . . . . . . 390 234 1,678 587 Profits Distributed. U nm atured Sh a r e s. First term, 3% ; second term, 3%. M atured Sh are C e r t if ic a t e s . First term, 214%; second term, 2 /4 % . Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 12J4% on series from 5 to 10 years old; after 10 years, none. Rates and Averages on Loans. 5 5 2 re a l estate lo a n s (average, $1,394.78 1 2 3 s h a re lo a n s (average, $185.84 each; each; average rate, 6.30%): 6.30%, $769,919.82. average rate, 6.30%); 6.30%, $22,859. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $1,953.61 2.40 Other Expenses. Total. $1,182.53 $3,136.14 1.45 3 .8 5 No. 8.] B A N K COMMISSIONER. 281 Receipts and Disbursements. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Shares Total Value. Value Date of Issue. Series. per Share. in Force. Ill $21,769 32 Mar. 1905 33 $196 12 50,412 18 184 66 34 273 Sept. 1905 Mar. 1906 35 173 54 201 34,881 54 162 71 47,999 45 295 Sept. 1906 36 262 39,889 50 152 25 Mar. 1907 37 23,015 34 142 07 162 Sept. 1907 38 184 24,322 96 132 19 Mar. 1908 39 122 58 27,335 34 40 223 Sept. 1908 44,854 92 41 113 27 396 Mar. 1909 30,792 16 42 101 29 304 Nov. 1909 30,372 80 92 60 328 43 M ay 1910 28,274 40 84 15 336 44 Nov. 1910 25,753 83 75 97 339 45 M ay 1911 39,984 00 588 46 68 00 Nov. 1911 23,870 88 60 28 396 47 M ay 1912 31,826 34 48 52 78 603 Nov. 1912 30,341 83 49 45 49 667 M ay 1913 32,571 68 50 38 41 848 Nov. 1913 824 25,988 96 31 54 51 M ay 1914 21,835 86 24 87 878 52 Nov. 1914 20,541 63 18 39 1,117 53 M ay 1915 18,476 70 54 12 10 1,527 Nov. 1915 9,354 00 1,559 55 6 00 M ay 1916 Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Mortgages . . . . Real estate b y foreclosure Interest . . . . Premiums . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Forfeited share account Matured share account Matured share certificate account . Taxes . . . . Profits capital Surplus . . . . Cash on hand October, 1915 $145,484 00 2,500 00 5,900 147,800 17,888 48,110 3,993 7,656 44,564 2,272 1,879 5 1,035 21 644 48,388 45,600 14 00 00 00 23 00 58 67 05 39 75 75 24 11 15 00 50 48 2 74 19,006 22 $542,766 86 326 00 Dues paid in advance . D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Uncompleted mortgage loans Mortgages . . . . . Real estate b y foreclosure Interest . . . . . Temporary expense Forfeited share account Matured share account Matured share certificate account . W ithdrawal profits Taxes . . . . . Surplus . . . . Dividend, matured share certificates . . . . . Cash on hand October, 1916 . $51,046 499 38,930 8,479 166 16,908 290,875 18,182 44,048 2,200 3,050 7 3,136 644 48,388 2,600 00 00 00 65 35 22 00 00 67 00 63 50 14 11 15 00 12 27 69 1,062 19 $684,791 62 . Dues capital Profits capital Unpaid dues $684,791 62 , 2,375 00 10,140 44 $542,766 86 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 and A u d it , $569,580 00 109,579 62 5,632 00 March 30-April 5 inclusive. 282 REPO RT OF THE [Pub. Doc. WINCHENDON CO-OPERATIVE BANK, WINCHENDON. 110 FRONT STREET. Incorporated September 9, 1891. Began business September 16, 1891. S il a s A. G r e e n w o o d , P r e sid e n t. F r ed E. P r it c h a r d ; T r e a su r e r . J. W . D a v e n p o r t , L. W . D a v i s , F. P. F a i r b a n k s , R . B . G r e e n w o o d , S. A. G r e e n w o o d , J. G . H e n r y , A. S. L a m b , L. F. M a r t i n , Fi H . P a r k e r , E. R . P o l l a r d , F. E. P r it c h a r d , W . H . P r it c h a r d , F . B . S p a l t e r , T . C. S p a r h a w k , E. S. T u c k e r , S. E. W h i t e . B o a r d o f D ir e c t o r s: H . O. B a t e m a n , R o b e r t C a l l a h a n , S e c u r i t y C om m itte e : R . B . G r e e n w o o d , T . C . S p a r h a w k , R o b e r t C a l l a h a n . Regular 'meetings for receipt of moneys the third W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Loans onfreal estate Loans on'shares . Unpaid fines Tem porary expense account Cash . . . . Liabilities. . $190,400 4,590 58 161 10,373 00 00 65 99 93 Dues capital Profits capital Guaranty fund . Surplus . . . Interest . . . Fines . . . Transfer fees Withdrawal profits . . . . $205,584 57 00 40 29 65 54 46 25 17 98 $205,584 57 Shares. Issued during year Withdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force $169,635 31,430 2,016 1,175 1,267 41 Membership. 561 451 8 . 114 1,119 . 3,230 A dded during year W ithdrawn during year Members . . . Borrowers . . . 63 71 458 181 . . . Profits Distributed. U nmatured Sh ar e s . First term, 2J^%; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 10% on series less than 5 years old; after 5 years, none. Rates and Averages on Loans. 1 6 2 r e a l estate l o a n s (average, $1,175.31 each; average rate, 5.01% ); 5%, $185,400; 2 7 s h a r e lo a n s (average, $170 each; average rate, 5.15%); 5%, $3,900; 6% , $690. 5h£%, $5,000. Total Expenses for Year. Am ount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis .......................................... .......................................... Salaries. $492.50 2.39 Other Expenses. $495.92 2.41 Total. $988.42 4 .8 0 283 BAN K COMMISSIONER, No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . . . Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees . . . Withdrawal profits Forfeited profits . . . Taxes . . . . Permanent expense Cash on hand October, 1915 . . . . . . $38,688 33,315 3,940 10,322 353 4 49 1 32 218 2,882 00 00 00 65 16 25 15 04 39 66 89 $89,807 19 D is b u r s e m e n t s . Dues capital withdrawn Dups capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Temporary expense Permanent expense Surplus . . . . . Taxes . . Withdrawal profits reimbursed Cash on hand October, 1916 $21,642 136 16,645 3,749 10 5,983 27,050 2,730 216 769 218 218 32 00 00 00 67 24 41 00 00 82 76 66 66 39 65 10,373 93 Date of Issue. Series. „M u® Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. §&pt. Mar. Sept. Mar. Sept. Mar. Sept. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 $198 187 177 166 157 147 137 128 119 110 102 93 85 77 70 62 55 47 40 33 27 20 14 8 2 ;nSf e r®S „ Total Value. 30 61 17 98 04 34 88 64 65 85 27 93 77 81 06 47 11 89 85 97 26 71 32 08 00 37 93 14 42 32 122 82 67 68 110 87 174 79 95 53 143 188 220 267 176 144 198 254 220 265 Dues paid in advance . $7,337 17,447 2,480 7,013 5,025 17,975 11,306 8,618 8,136 12,193 8,897 16,343 6,775 7,391 3,713 8,933 10,360 10,535 10,906 5,978 3,925 4,100 3,637 1,777 530 10 73 38 16 28 48 16 88 20 50 49 82 83 95 18 21 68 80 95 72 44 58 28 60 00 486 00 $201,828 40 $89,807 19 $169,635 00 31,430 40 763 00 Dues capital Profits capital Unpaid dues $201,828 40 D a t e s op E x a m in a t io n a n d A u d it , N ovember 2, 3. WINCHESTER CO-OPERATIVE BANK, WINCHESTER. 11 CHURCH STREET. Incorporated November 13, 1893. H o w a r d D . N a s h , P r e s id e n t . Began business N ovember 13, 1893. W il l ia m G . P a c k a r d , T r e a su r e r . B o a r d o f D ir e c t o r s : J o h n C h a l l is , V in c e n t F a r n s w o r t h , G . A . F e r n a l d , J. J. F it z g e r a l d , A l e x a n F o s t e r , C. A . G l e a s o n , A. H . H il d r e t h , R a y m o n d M e r r il l , C. C. M il l e r , H . D. N a s h , S. E . N e w m a n , F . J. O ’H a r a , W . G . P a c k a r d , S. S. S y m m e s , N . H . T a y l o r . der S e c u r it y C om m itte e : J. J. F it z g e r a l d , C. A . G l e a s o n , H . D . N a s h , N . H. T a y l o r . Regular meetings for receipt of moneys the first M onday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate . . . Loans on shares . . . . C a s h .......................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $652,870 00 21,965 00 21,347 22 $696,182 22 Dues capital . . . . Profits capital . . . . 108 matured shares represented b y certificates . . . . Guaranty fund . . . . Surplus . . . . . Forfeited share account . _. Dividend, matured share certifi cates . . . . . $557,972 00 89,489 14 21,600 10,952 15,679 6 00 36 39 00 483 33 $696,182 22 284 REPO RT OF TH E [Pub. Doc. Shares. Membership. Issued during year 2,773 Withdrawn during year 1,714 Forfeited during year 26 Retired during year 60 Matured during year 96 Shares now pledged 4,041 Shares in force . 12,872 Matured shares represented b y certificates 108 Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . 224 121 . . 1,311 358 Profits Distributed. U nm atured Sh ak e s . First term, 2 Y i % \ second term, 2 Y i % . M atured Sh ar e C e rtificates . First term, 2J^%; second term, 2 V i % . Proportion of profits retained on voluntary withdrawals, 20% on series not over 3 years old; after 3 years, none. Rates and Averages on Loans. 3 0 6 re a l estate lo a n s (average, $2,133.56 each; average rate, 5.51% ); 5?io% , $20,450; 5 3 $ 6 0 7 , 4 3 0 ; 6%, $24,990. (average, $422.40 each; average rate, 5.52%); 5J^%, $20,665; 6%, $1,300. 5 2 sh a re lo a n s Total Expenses for Year. Salaries. Amount paid for . . Cost per $1,000 of assets . . . 3.16 Receipts and Disbursements. $152,183 00 4,200 00 1,600 117,650 21,666 36,206 1,045 3 672 396 11,600 9 19,623 00 10 00 64 23 00 90 91 00 14 58 $366,856 50 D isbursem ents . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Interest . . . . Tem porary expense Forfeited share account Dividend, matured share certificates Matured share certificate account . Over and short account Cash on hand October, 1916 $74,577 534 8,640 14,016 12,099 43 3,180 5,088 195,300 25,106 225 3,562 527 595 2,000 13 21,347 00 00 00 00 57 38 60 46 10 00 30 70 63 00 00 54 22 Date of Issue. Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Nov. M ay Series. 1904 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 Value $196 186 175 165 155 145 136 127 118 109 100 92 84 76 68 60 53 45 38 32 25 18 12 6 Dues paid in advance . 99 25 77 53 55 82 31 04 00 18 58 18 00 01 20 61 19 96 90 01 29 73 33 09 ;„Sp w 59 93 101 143 75 115 166 162 392 160 310 265 539 570 536 706 733 915 938 1,025 946 1,327 1,099 1,497 TotaI Value. $11,622 17,321 17,752 23,670 11,666 16,769 22,627 20,580 46,256 17,468 31,179 24,427 45,276 43,325 36,555 42,790 38,988 42,053 36,488 32,810 23,924 24,854 13,550 9,116 41 25 77 79 25 30 46 48 00 80 80 70 Q0 70 20 66 27 40 20 25 34 71 67 73 226 00 $651,303 14 Dues capital Profits capital Unpaid dues $366,858 50 D ates of E xam in a tio n and A u d it , M ay 11-19 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total. $3,762.70 5.40 Reconciliation of Share Account with Dues and Profits Capital. R eceipts . Dues capital Real estate loans eliminated b y foreclosure Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited share account Matured share certificate account . Over and short account Cash on hand October, 1915 Other Expenses. $1,561.70 2 .24 $557,972 00 89,489 14 3,842 00 $651,303 14 No. 8.] BAN K COMMISSIONER. 285 WINTER HILL CO-OPERATIVE BANK, SOMERVILLE. 84 BROADWAY. Incorporated M ay 8, 1906. Began business June 13, 1906. C h a r l e s A . G r im m o n s , P r e sid e n t. R a t R . R id e o u t , T re a su re r. J. B. A d a m s , J. M. A n d r e w s , J. A . B r e e n , J a c k so n C a l d w e l l , L. B. C h a n d l e r , B. F. F r e e m a n , H. E. F r o s t , C. E. F u l l e r , D . M . F r y e , W . S. G l id d e n , C . A . G r im m o n s , T h o m as G u l l io n , J. A . K i l e y , R . M. L a v e n d e r , G . S. L o v e jo y , C . F . M a g u ir e , S. M . R ic h , R . R . R id e o u t , W . L. W a u g h . B o a r d o f D ir e c t o r s: S e c u r i t y C om m itte e : J. M . A n d r e w s , L. B. C h a n d l e r , R . R . R id e o u t . Regular meetings for receipt of moneys the second W ednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate Loans on shares . Comm on form mortgages Temporary expense account . Personal accounts Security committee Overs and shorts Cash . . . . . . $803,445 33,010 5,870 701 271 11 22 9,638 * 00 00 00 51 82 30 30 81 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Transfer fees Withdrawal profits Forfeited share account . $711,433 114,803 8,810 9,265 8,032 260 00 15 00 90 79 16 50 313 98 51 26 $852,970 74 $852,970 74 Membership. Shares. Issued during year . Withdrawn during year Forfeited during year . Shares now pledged . Shares in force . . . . . . . . . . . . . . . . . 3,804 2,934 9 5,256 15,990 Added during year . Withdrawn during year Members . . . Borrowers . . . . . . . . . . . 327 241 1,745 . 3 9 1 . . . Profits Distributed. U n m a t u r e d Sh a r e s . First term, 134%; second term, l B/ i e % ; third term, 134 % ; fourth term, 134 %. Proportion of profits retained on voluntary withdrawals, 25% on series not over 6 years old; 1234% on series from 6 to 9 years old; after 9 years, none. Rates and Averages on Loans. 3 0 1 re a l estate lo a n s (average, $2,669.25 each; average rate, 5.61% ); 5%, $52,250; 53^%, $521,070; 6% , $230,125. (average, $354.95 each; average rate, 6% ): 6%, $33,010. 9 3 sh a re lo a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,700.00 3 .16 Other Expenses. $1,551.24 1.82 Total. $4,251.24 4 .9 8 286 [Pub. Doc. REPO RT OF THE Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital Real estate loans eliminated by foreclosure Real estate loans repaid Share loans repaid Real estate by foreclosure Interest . . . . Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Temporary expense Forfeited share account Personal accounts Security committee Over and short account Surplus . . . . Cash on hand October, 1915 $185,997 00 3,600 169,125 14,867 2,998 45,676 1,443 8 1,885 8 13 241 80 174 10 160 19,258 00 00 00 13 56 71 00 99 48 72 04 64 00 99 72 63 $445,549 61 D is b u b s e m e n t s . Dues capital withdrawn Dues capital forfeited . Profits capital withdrawn Profits capital forfeited Real estate loans Share loans Real estate b y foreclosure Interest . . . . Tem porary expense Forfeited share account Personal accounts Security committee Over and short account Surplus . . . . Cash on hand October, 1916 $102,354 218 14,868 33 288,800 21,757 2,998 13 4,264 271 95 201 33 2 9,638 00 00 53 91 00 00 13 01 96 94 00 00 29 03 81 $445,549 61 Date of Issue. Series. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar.. June Sept. Dec. Mar. June Sept. 1906 1906 1906 1907 1907 1907 1907 1908 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 Value Shares Total Value. per Share. in Force. $161 83 667 $107,940 61 157 06 110 17,276 60 92 152 34 14,015 28 147 60 288 42,508 80 142 89 94 13,431 66 98 138 22 13,545 56 60 8,014 20 133 57 129 00 107 13,803 00 11,825 60 124 48 95 31 3,721 55 120 05 10,291 07 115 63 89 111 30 12,576 90 113 106 97 20,324 30 190 13,761 80 102 70 134 116 98 47 11,422 52 521 94 32 49,140 72 21,916 17 90 19 243 216 18,597 60 86 10 20,196 60 82 10 246 78 13 580 45,315 40 22,562 88 304 74 22 518 36,430 94 70 53 66 53 341 22,686 73 62 72 493 30,920 96 335 19,758 30 58 98 55 28 238 13,156 64 185 9,553 40 51 64 631 30,300 62 48 02 350 15,561 00 44 46 40 95 290 11,875 50 535 37 47 20,046 45 670 34 03 22,800 10 683 30 65 20,933 95 27 31 518 14,146 58 563 13,512 00 24 00 768 20 74 15,928 32 17 52 653 11,440 56 494 14 34 7,083 96 11 19 837 9,366 03 8 09 922 7,458 98 5 03 577 2,902 31 2 00 995 1,990 00 Dues paid in advance . 1,001 00 $831,043 15 Dues capital Profits capital Unpaid dues $711,433 00 114,803 15 4,807 00 $831,043 15 D a t e s of E x a m in a t io n a n d A u d it , June 19-27 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER, 287 WINTHROP CO-OPERATIVE BANK, WINTHROP. 73 JEFFERSON STREET. Incorporated February 15, 1907. Began business M arch 13, 1907. F r a n k F. C o o k , P r e sid e n t . A l m on E. W h it t e m o b e , T r e a su r e r . H. W . A ik e n , H . M . B e l c h e s , M . A. B e l c h e r , F. F. C o o k , E. E. D a w s o n , H. G. F l in n , J e r e m ia h G r e e n , L. E. G r if f in , L. T. H a r r in g t o n , A. F. H e n r y , H e n r y H u t c h in so n , H . M . M c N e il , W . G. M c N e il , A . E. N e w t o n , J. L. N e w t o n , L. A . P a in e , E. A . T h o m a s , A. E . W h it t e m o b e , H. J. W r ig h t . B o a r d o f D ir e c t o r s : S e c u r it y C om m itte e : W . G. M c N e il , H . J. W r ig h t , E. A. T h o m a s . Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Bonds and notes Loans on real estate Loans on shares . Tem porary expense account Security committee Cash Liabilities. $3,425 858,591 38,210 609 56 38,255 00 40 00 41 00 57 Dues capital . . . Profits capital . . . Guaranty fund . . . Surplus . . . . Interest . . . . Fines . . . . Transfer fees . . . Withdrawal profits Forfeited share account . . . . . . . $771,957 135,743 8,886 12,126 9,471 189 00 26 61 18 53 89 25 458 42 314 24 $939,147 38 $939,147 38 Membership. Issued during year Withdrawn during year Retired during year Shares now pledged Shares in force . . 3,928 2,954 69 . 5,745 . 17,316 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . . 331 272 1,650 411 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 134%; second term, 134%; third term. 1H % : fourth term, 134 %. Proportion of profits retained on voluntary withdrawals, 25% on series not over 8 years old; 10% on series from 8 to 9 years old; after 9 years, none. Rates and Averages on Loans. S 1 2 r e a l estate lo a n s (average, $2,751.89 1 0 1 sh a re lo a n s (average, $378.32 each; each; average rate, 6% ): 6%, $858,091.40; 7% , $500. average rate, 6% ): 6%, $38,210. T o ta l E xpenses fo r Y ea r. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. ...........................................$2,695.04 .......................................... 2 .87 Other Expenses. $1,063.85 1.13 Total. $3,758.89 4.00 288 REPO RT OF THE Receipts and Disbursements. [Pub. Doc. Reconciliation of Share Account with Dues and Profits Capital. R e c e ip t s . Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . Fines . . . . . Transfer fees . . . . Withdrawal profits Tem porary expense Security committee Surplus . . . . Cash on hand October, 1915 . . $203,618 109,617 23,480 52,908 1,154 3 2,360 6 227 00 13 00 31 52 75 00 50 50 04 21,465 23 $414,840 98 —-- ---------------- D is b u r s e m e n t s . Dues capital withdrawn Dues capital retired Profits capital withdrawn Profits capital retired . Real estate loans Share loans . . . . Interest . . . . Temporary expense Forfeited share account Fines . . . . Municipal bonds Security committee Cash on hand October, 1916 . . $93,823 7,452 13,397 2,152 226,950 25,245 17 3,765 8 00 00 93 11 00 00 38 39 00 60 3,425 00 349 00 38,255 57 $414,840 98 Date of Issue. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Series. 1907 1907 1907 1907 1908 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 Value 1 $151 13 2 146 21 141 32 3 136 49 4 5 131 73 127 03 6 122 40 7 117 82 8 9 113 28 10 108 84 11 104 42 12 100 06 13 95 75 14 91 51 15 87 33 16 83 20 79 12 17 18 75 09 19 71 12 67 21 20 21 63 35 22 59 54 55 77 23 52 06 24 25 48 39 26 44 77 27 . 41 20 37 68 28 34 21 29 30 30 80 31 27 42 32 24 09 33 20 80 34 17 56 35 14 36 11 21 36 37 8 10 38 5 03 39 2 00 658 248 220 238 224 201 156 417 278 263 207 291 217 117 212 377 437 123 231 347 526 323 411 299 525 318 462 452 897 502 474 760 1,000 622 824 911 1,035 839 674 Total Value. .$99,443 36,260 31,090 32,484 29,507 25,533 19,094 49,130 31,491 28,624 21,614 29,117 20,777 10,706 18,513 31,366 34,575 9,236 16,428 23,321 33,322 19,231 22,921 15,565 25,404 14,236 19,034 17,031 30,686 15,461 12,997 18,308 20,800 10,922 11,832 10,212 8,383 4,220 1,348 54 08 40 62 52 03 40 94 84 92 94 46 75 67 96 40 44 07 72 87 10 42 47 94 75 86 40 36 37 60 08 40 00 32 64 31 50 17 00 784 00 Dues paid in advance . • Dues capital Profits capital Unpaid dues Shares $911,025 26 $771,957 00 135,743 26 3,325 00 $911,025 26 D a t e s of E x a m in a t io n a n d A u d it , March 16-23 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 289 BANK COMMISSIONER. No. 8. WOBURN CO-OPERATIVE BANK, WOBURN. 17 PLEASANT STREET. Incorporated February 21, 1887. Began business March 10, 1887. A r th u r E . G a g e , T r e a s u r e r . J am es S k in n e r , P r e sid e n t . F. J. B r o w n , G eo r g e B u c h a n a n , L. B. B u c h a n a n , J. C. B u c k , W . F. D a v i s , J. F. D e l a n d , H. B. D o w , A. E. G a g e , B. J. G o l d e n , F. W . G r e y d o n , W . H. K e l l e h e r , A. H. L in sc o t t , J. H. P a r k e r , W . A. P r io r , J a m e s S k in n e r , R . E. W a l s h . B o a r d o f D ire c to rs: S e c u r i t y C o m m itte e : F. J. B r o w n , F. W . G r e y d o n , J. H. P a r k e r . Regular meetings for receipt of moneys the second Thursday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Liabilities. Assets. Loans on real estate Less amount due $974,925 00 11,652 00 Loans on shares . Tem porary expense account Insurance and taxes paid Cash . $963,273 26,060 49 66 58,610 00 00 72 47 81 Dues capital Profits capital Guaranty fund . Surplus Interest Premiums . Fines Withdrawal profits Forfeited share account Security committee $825,704 171,530 23,447 21,107 5,275 272 253 232 198 37 00 56 81 67 83 38 44 31 50 50 $1,048,060 00 $1,048,060 00 Membership. Shares. . 4,965 1,491 16 576 . 5,783 . 19,748 Issued during year Withdrawn during year Forfeited during year Matured during year Shares now pledged Shares in force Added during year Withdrawn during year Members . . . Borrowers . . 562 238 2,581 755 Profits Distributed. U nm atured Sh a re s. First term, 3% ; second term, 3%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 6 8 5 re a l estate lo a n s (average, $1,406.24 1 0 8 s h a re lo a n s (average, $241.30 each; each; average rate, 6.30%); 6%o%, $963,273. average rate, 6.30%); 6%o%, $26,060. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $2,350.00 2.24 Other Expenses. Total. $1,731.76 $4,081.76 1.65 3.89 290 REPO RT OF THE R eceip ts a n d D isb u rsem en ts. R e c o n c ilia tio n o f Share A c c o u n t w ith D u es a n d P rofits C ap ital. R e c e ip t s . Dues capital . . . . . Real estate loans eliminated b y foreclosure . Real estate loans eliminated by maturity of shares . Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . . Premiums . Fines . . . . ’ Transfer fees . . . . Withdrawal profits Forfeited profits . . . . Profits capital Security committee Taxes . . . . . Cash on hand October, 1915 1 $215,411 00 3,100 00 24.400 85.400 15,840 69,750 3,052 57,034 2,932 2,383 7 1,468 2 3 537 59 30,888 00 00 00 00 86 85 22 60 00 65 95 00 00 78 65 $512,271 56 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans . . . Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . Tem porary expense Surplus . . . . Security committee Taxes and insurance Cash on hand October, 1916 [Pub. Doc. $47,141 166 80,640 6,705 11 34,114 196,850 13,140 66,778 3,052 570 4,081 3 298 108 58,610 00 00 00 29 61 14 00 00 00 86 24 76 00 50 35 81 Date of Issue. Series. p™ £ eare April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 $198 187 175 164 154 144 133 124 114 105 96 87 79 70 63 55 47 40 33 26 19 13 7 1 56 07 90 97 37 03 99 20 67 43 45 72 26 99 00 28 78 49 41 54 87 39 10 00 Total Value. 311 28 155 182 419 367 426 517 390 410 619 592 747 640 768 670 1,069 902 1,392 1,350 1,869 1,814 2,434 1,677 Dues paid in advance . $61,752 5,237 27,264 30,024 64,681 52,859 57,079 64,211 44,721 43,226 59,702 51,930 59,207 45,433 48,384 37,037 51,076 36,521 46,506 35,829 37,137 24,289 17,281 1,677 16 96 50 54 03 01 74 40 30 30 55 24 22 60 00 60 82 98 72 00 03 46 40 00 1,417 00 $1,004,489 56 Dues capital Profits capital Unpaid dues $825,704 00 171,530 56 7,255 00 $1,004,489 56 $512,271 56 D a t e s op E x a m in a t io n a n d A u d it , April 20-27 inclusive. WOLLASTON CO-OPERATIVE BANK, QUINCY. 307 NEWPORT AVENUE (WOLLASTON DISTRICT). Incorporated April 8, 1889. H e r b e r t T . W h it m a n , P r e s id e n t . Began business April 16, 1889. H e r b er t W . P in k h a m , T r e a su r e r . THO*“ - o “ » S e c u r i t y C o m m itte e : C. A . M a c f a r l a n d , N . G . N ic k e r s o n , A r t h u r M g u rphy. Regular meetings for receipt of moneys the third Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916, A ssets. Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Unpaid fines Permanent expense account Temporary expense account Personal accounts Cash . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $1,152,750 38,305 4,981 278 672 494 145 37,652 00 00 29 89 00 28 63 37 $1,235,279 46 L ia b ilitie s . Dues capital Profits capital Guaranty fund . Surplus | Interest . . . . Transfer fees Withdrawal profits . ] $1,013,355 193,944 16,800 8,987 1,960 1 229 00 96 00 89 98 25 38 $1,235,279 46 No. 8.] 291 BAN K COMMISSIONER. Membership, Shares. Issued during year Withdrawn during year Forfeited during year Retired during year Matured during year . Shares now pledged Shares in force . . . . . . „ , 5,945 2,790 24 150 308 7,620 22,945 . , . . A dded during year Withdrawn during year Members . . . Borrowers . . . . . 476 265 2,328 603 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2% % \ second term, 1% % \ third term, 1%%. Proportion of profits retained on voluntary withdrawals, 25% on series not over 6 years old; 20% on series from 6 to 7 years old; 10% on series from 7 to 8 years old; after 8 years, none. Rates and Averages on loans. 6 2 0 re a l estate lo a n s (average, $1,859.27 each; average rate, 6%, $65,600; & % % , $6,500; 6 % % , $1,800; 6M%. $2,000; 1 8 1 s h a re lo a n s (average,$211.63 each; average rate, o.92% ): 6 H % . $2,340; 6 ^ % , $1,000; 7%, $130; 7 X % , $30. 5 ^ 6 % ): 5 ^ % , $959,950; 5 % % , $114,500; 7%, $2 400. 5} £ % , $30,300, o % % , $1,475, b%, $3,030, Total Expenses for Year. Salaries. $3,999.01 3.24 Amount paid for . Cost per $1,000 of assets Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . . Real estate loans eliminated b y foreclosure . . • Real estate loans eliminated b y maturity of shares . Real estate loans repaid Share loans repaid Real estate b y foreclosure Interest Fines . . . . Transfer fees Withdrawal profits Forfeited profits . Security committee Retired share account . Matured share account Surplus . . . . Personal accounts Cash on hand October, 1915 $257,612 00 late of Issue. 4,800 00 15,700 227,850 27,910 75 66,549 2,396 10 1,608 8 609 28,579 45,400 1 41 32,893 00 00 00 00 50 87 25 78 40 00 50 23 00 14 50 Oct. 1906 April 1907 Oct. 1907 Oct. 1908 Oct. 1909 Oct. 1910 April 1911 Oct. 1911 Oct. 1912 Oct. 1913 Oct. April Oct. April July Oct. 1914 1915 1915 1916 1916 1916 $712,045 17 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Real estate b y foreclosure . Interest . . . . Tem porary expense . . Security committee Permanent expense Retired share account . Matured share account Profits capital Personal accounts Cash on hand October, 1916 , $99,602 00 264 00 20,752 00 49,881 00 18,440 07 33 36 7,869 75 17,679 24 339,700 00 32,500 00 5,056 29 917 91 5,546 08 1,116 00 821 06 28,579 50 45,603 15 1 00 30 39 37,652 37 Value Shares Total Value. Series. per Share. in Force. $31,241 70 162 33 $192 85 36,004 32 198 181 84 34 76,003 92 444 171 18 35 55,116 67 343 160 69 36 52,531 48 349 150 52 37 58,481 28 416 140 58 38 65,460 00 500 130 92 39 62,218 24 512 121 52 40 58,983 75 525 112 35 41 59,368 82 574 103 43 42 69,838 12 737 94 76 43 57,920 72 671 86 32 44 70,055 70 897 78 10 45 57,543 89 821 70 09 46 58,010 61 931 62 31 47 53,590 46 979 54 74 48 65,404 16 47 36 1,381 49 54,631 20 40 17 1,360 50 55,078 80 1,659 33 20 51 36,828 00 1,395 52 26 40 31,248 41 1,579 19 79 53 23,593 76 1,766 13 36 54 16,450 70 7 10 2,317 55 5,138 25 1,275 4 03 56 1,154 00 1,154 1 00 57 Dues paid in advance . 2,103 00 $1,213,999 96 Dues capital Profits capital Unpaid dues $712,045 17 D a t e s op E x a m in a t io n a n d A u d it , October 23-31 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other Expenses. Total. $2,203.13 $6,202.14 1.78 5.02 $1,013,355 00 193,944 96 6,700 00 $1,213,999 96 292 REPO RT OF THE [Pub. Doc. WORCESTER CO-OPERATIVE BANK, WORCESTER. 390 MAIN STREET. Incorporated October 19, 1877. Began business October 19, 1877. H e n r y B r a n n o n , P r e s id e n t . G e o r g e O. B r id g e s , T r e a s u r e r . A. L. B e m is , H e n r y B r a n n o n , G. O. B r id g e s , G. W . B r o o k s , E a r l e B r o w n , H . E . F a y e r w e a t h e h , E . P. F it z g e r a l d , W il l ia m F o r s b e r g , J. J. H ig g in s , E . P. I n g r a h a m , J oseph J a c k s o n , W . J. St o n e , E . M . W o o d w a r d . B o a r d o f D i r e c t o r s : D a v id A r m it a g e , S e c u r i t y C o m m itte e : H e n r y B r a n n o n , H . E . F a y e r w e a t h e h , G. O. B r id g e s . Regular meetings for receipt of moneys the fourth Tuesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Liabilities. Loans on real estate 81,105,550 00 Less amount due 5,300 00 ------------------ 81,100,250 00 Loans on shares . . . . 26,650 00 Comm on form mortgages . . 1,300 00 Real estate b y foreclosure, etc. 14,424 66 Unpaid interest . . . . 2,283 24 Tem porary expense account . 235 71 Insurance and taxes paid . . 7 20 C a s h .......................................... 64,693 45 Dues capital Profits capital Guaranty fund . Surplus Fines Transfer fees Withdrawal profits Forfeited share account Security committee $1,004,168 182,318 13,467 8,301 316 1 232 882 156 $1,209,844 26 $1,209,844 26 Shares. Issued during year W ithdrawn during year Forfeited during year Retired during year Matured during year Shares now pledged Shares in force 00 29 05 96 34 25 17 51 69 Membership. . . 5,462 3,256 66 977 396 . 6,528 . 23,296 Added during year Withdrawn during year Members . . . Borrowers . . . . . . . . 445 355 2,410 542 Profits Distributed. U n m a t u r e d Sh a r e s . First term, 2 % % ; second term, 2 % % . Proportion of profits retained on voluntary withdrawals, 50% of last dividend. Rates and Averages on Loans. (average, $2,402.29 each; average rate, 5.49%); 5%, $203,650; 5J^%, $53,700; 5JL%, $57,150; 5 ^ % , $46,000; 5 ^ % , $530,200; 5 ^ % , $39,800; $21,150; b % % , $4,500; 6%, $64,300; 6 V s % , $21,400; 6h£%. $7,100; & % % , $10,200; 6J4%, $13,300; 6 ^ % , $5,900; 6M%, $3,300; 6>t%, $7,050; 7%, $3,900; 7J^%, $3,100; 7 ^ % , $1,000; 8%, $3,550. 1 3 4 s h a r e lo a n s (average, $198.88 each; average rate, 5.62%): 5%, $2,850; 5Y s % , $650; 5% % , $50; 5% % , $50; 5 V2% , $17,050; h % % , $200; 5 % % , $1,050; 5J^%, $200; 6%, $500; 6Vg%, $1,150; 6 'A % , *350; 6 Vs% ; $350; 6 ^ % , $950; 6«/g%, $500; 6%%, *150; 7%, $150; 7 % % , $100; 7 ^ % , $150; 8%, $150; 9%, $50. 4 5 8 re a l estate l o a n s Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. .......................................... $1,989.39 .......................................... 1.64 Other Expenses. $925.22 .76 Total. $2,914.61 2 .40 V No. 8.] BAN K COMMISSIONER. 293 Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . . Real estate loans eliminated b y foreclosure . . Real estate loans eliminated by maturity of shares Real estate loans repaid Share loans repaid Uncompleted mortgage loans Real estate b y foreclosure . Interest . Fines . . . . . Transfer fees . . . . Withdrawal profits . . Forfeited profits . . . . Forfeited share account Security committee Surplus . . . . . Suspense account Insurance and taxes paid Certificates of deposit . Cash on hand October, 1915 $271,879 00 8,800 00 16,200 318,500 33,050 22,400 6,505 65,800 2,727 8 1,562 26 804 352 76 265 140 33,000 44,039 00 00 00 00 48 35 76 00 40 95 78 00 60 49 27 00 79 $826,138 87 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital retired Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital retired . Profits capital matured Real estate loans Share loans Uncompleted mortgage loans Real estate b y foreclosure Interest . . . . Tem porary expense Forfeited share account Security committee Suspense account Insurance and taxes paid Certificates of deposit Cash on hand October, 1916 $111,341 1,425 122,577 55,837 15,410 196 41,109 21,776 299,250 29,650 20,300 9,309 3,440 2,914 1,289 238 298 82 65,000 24,693 00 00 00 00 72 54 00 15 00 00 00 10 21 61 54 79 03 73 00 45 Date of Issue. Series. pS April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. April Oct. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 $193 182 171 160 150 140 130 121 112 103 94 86 78 70 62 54 47 40 33 26 19 13 7 1 Suspense dues . Dues paid in advance . are. in Force. Total Value' 85 53 57 95 62 58 83 39 19 29 62 20 00 02 25 69 34 19 21 41 80 36 10 00 80 98 168 111 449 531 698 518 706 699 639 746 875 901 1,141 960 1,284 1,119 1,388 1,729 1,816 2,453 2,891 1,296 $15,508 17,887 28,823 17,865 67,628 74,647 91,319 62,880 79,206 72,199 60,462 64,305 68,250 63,088 71,027 52,502 60,784 44,972 46,095 45,662 35,956 32,772 20,526 1,296 00 94 76 45 38 98 34 02 14 71 18 20 00 02 25 40 56 61 48 89 80 08 10 00 6 00 1,067 00 $1,196,741 29 Dues capital Profits capital Unpaid dues $826,138 87 D a t e s of E x a m in a t io n a n d A u d it , September 5-15 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 $1,004,168 00 182,318 29 10,255 00 $1,196,741 29 294 REPO RT OF THE [Pub. Doc. WORKINGMEN’S CO-OPERATIVE BANK, BOSTON. 101 TREMONT STREET. Incorporated June 9, 1880. Began business June 11, 1880. J a m e s D . M c L e l l a n , P r e s id e n t . F rank E . B u rban k, T re a su re r. A. T . B a k e r , D . M . B l a ir , J. W . B l a is d e l l , F . E. B u r b a n k , J. E. G a s k in , F . E . G o r d o n , H . D. H e a t h f ie l d , J. D . M c L e l l a n , S. N . M il l e r , J. B. N e a g l e , C . M . N ic h o l s , R. J. R o d d a y , H . A. R o o t , W . J. T y l e r , E. W . V i n a l , F r a n k V o g e l , W il l ia m W a l d e n , J. W . B o a r d o f D ir e c t o r s : W ebb, W . C. W rye. S e c u r i t y C o m m itte e : J. E . G a s k in , S. N. M il l e r , C. M . N ic h o l s , R . J. R o d d a y , H. A. R o o t . Regular meetings for receipt of moneys the second Friday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS, 1916. Assets. Bonds and notes Loans on real estate Loans on shares . Real estate b y foreclosure, etc. Tem porary expense account Personal accounts Insurance premiums . Cash . . . . . $134,375 . 4,90.0,230 106,650 25,674 2,6)04 336 15 207,802 24 00 00 42 29 04 00 26 L ia b ilitie s. Dues capital . $4,298,907 00 Profits capital 638.600 28 1,361 matured shares represented b y certificates . 272,200 00 Guaranty fund . 87,111 68 Surplus 18,365 25 Interest 45,424 26 Fines 1,684 14 Transfer fees 7 25 Forfeited share account 3,977 33 Matured share account 9,883 03 Personal accounts 351 76 Security committee 865 00 Insurance due on fire loss 310 27 $5,377,687 25 S hares. Issued during year . . . . 32,240 W ithdrawn during year . . .2 1 ,1 1 1 . . . 457 Forfeited during year . Matured during year . . . . 1,040 Shares now pledged . . . . 29,482 Shares in force . . . . 111,599 Matured shares represented by certificates 1,361 $5,377,687 25 M e m b e rs h ip . A dded during year W ithdrawn during year Members . . . . Borrowers . 2,487 1,700 11,334 2,306 P rofits D is tr ib u te d . U n m a t u r e d Sh a r e s . First term, \ lA % \ second term, \ \ i % \ third term, 1M % ; fourth term , V A % . M a t u r e d Sh a r e C e r t if ic a t e s . First term, 1J^%; second term, V / % % \ third term , 1V s % \ fourth term, lJ/^%. Proportion of profits retained on voluntary withdrawals, none. R ates a n d A verages o n L oa n s. (average, $2,342.36 each; average rate, 5.30% ): 5%, $1,849,030; 5M%, $301,950; 5 ^ % , $2,701,250; 5 ^ % , $15,000; 6%, $21,750; 6ht%, $9,450; 6J^%, $1,800. 701J h^ re b a n s (average- *152.13 each; average rate, 5.40%): 5%, $20,300; 5 A % , $1,900; 5 ^ % , $83,550; 5M%> $500; 6%, $50; 6M%. $350. 2 , 0 9 2 re a l estate lo a n s T o t a l E xpenses fo r Y ea r. Amount paid for . C ost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $8,773.68 1.63 Other Expenses. Total. $6,563.85 $15,337.53 1.22 2 .8 5 295 BAN K COMMISSIONER, No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . $1,296,983 00 Dues capital Real estate loans eliminated b y 35,100 00 foreclosure Real estate loans eliminated b y 27,700 00 maturity of shares . 803,135 40 Real estate loans repaid 96,950 00 Share loans repaid 18 42 Profits capital 936 11 Bonds and notes 24,094 63 Real estate b y foreclosure 264,531 28 Interest . . . . 3,722 50 Security committee 8,785 46 Fines . . . . 40 75 Transfer fees 8,653 62 Insurance adjustments 350 70 Insurance premiums . 2,051 38 Permanent expense Tem porary expense 1,263 42 5,711 84 Forfeited share account 180,343 26 M atured share account 117,000 00 Matured share certificate account . 8,886 57 Personal accounts 702 33 Profit and loss 904 64 Surplus . . . . 166,963 32 Cash on hand October, 1915 $3,054,828 63 D is b u r s e m e n t s . Dues capital withdrawn Dues capital forfeited . Dues capital matured . Profits capital withdrawn Profits capital forfeited Profits capital matured Real estate loans Share loans Security committee Surplus . . . . Bonds and notes Real estate b y foreclosure Interest . . . . Tem porary expense Insurance adjustment . Insurance premiums Forfeited share account Fines . . . . Matured share account Matured share certificate account . Dividends, matured share certificates . Personal accounts Permanent expense Cash on hand October, 1916 $600,449 11,404 136,4J4 78,341 2„163 49,509 1,410,955 112,950 3,446 2,914 135,311 37,382 301 16,600 11,354 240 6,458 34 176,795 4,400 00 00 00 57 67 28 40 00 25 12 35 31 80 95 65 23 73 86 78 00 9,665 9,584 348 207,802 25 40 77 26 Date of Issue. Series. ¿ agU heare. Ä r c l Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. Ju,ne Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept. 1904 1904 1905 1905 1905 1905 1906 1906 1906 1906 1907 1907 1907 1907 1908 1908 1908 1908 1909 1909 1909 1909 1910 1910 1910 1910 1911 1911 1911 1911 1912 1912 1912 1912 1913 1913 1913 1913 1914 1914 1914 1914 1915 1915 1915 1915 1916 1916 1916 74 75 76 77 78 79 80 81 32 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 $197 192 186 181 176 171 166 161 156 152 147 142 137 133 128 124 119 115 110 106 102 98 94 89 85 81 77 74 70 66 62 58 55 51 47 44 40 37 34 30 27 23 20 17 14 11 8 5 2 Dues paid in advance . 259 496 348 345 340 320 559 375 523 529 778 595 413 582 744 687 770 1,003 949 690 991 1,125 1,730 1,099 1,166 1,693 2,076 1,571 1,887 1,989 2,664 2,044 2,215 2,479 3,355 2,585 2,944 4,336 4,799 4,147 4,127 4,957 6,327 4,664 5,390 7,361 7,762 6,172 6,639 43 15 94 77 66 63 64 71 84 03 27 55 89 28 74 21 75 34 98 70 44 24 08 98 94 94 98 06 19 37 60 87 19 55 95 40 89 42 00 62 28 98 72 50 32 18 08 02 00 . . Total Value$51,134 95,306 65,055 6^,710 60,064 54,921 93,151 60,641 82,027 80,423 114,576 84,817 56,948 77,568 95,782 85,332 92,207 115,686 105,320 73,623 101,518 110,520 162,758 98,888 1,00,206 138,724 161,886 116,348 132,448 132,009 166,766 120,330 122,245 127,792 160,872 114,774 120,380 162,253 163,166 126,981 112,584 118,868 131,095 81,620 77,184 82,295 62,716 30,983 13,278 37 40 12 65 40 60 76 25 32 87 06 25 57 96 56 27 50 02 02 00 04 00 40 02 04 42 48 26 53 93 40 28 85 45 25 00 16 12 00 14 56 86 44 00 80 98 96 44 00 9,354 00' $4,968,150 76 $3,054,828 63 Dues capital Profits capital Unpaid dues Suspense profits . $4,298,907 00 638,600 28 30,643 00 48 $4,968,150 76 D a t e s of E x a m in a t io n a n d A u d it , M arch 20-A pril 11 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 296 REPO RT OF THE [Pub. Doc. WRENTHAM CO-OPERATIVE BANK, WRENTHAM. SOUTH STREET. Incorporated February 26, 1901. Began business March 13, 1901. E . J. W h it a k e r , P r e sid e n t . J. E. C a r p e n t e r , T r e a s u r e r . J. E . C a r p e n t e r , H . A. C o w e l l , E. A. D a r t , D . S. F a r r in g t o n , F . E. G il m o r e , G . W . G il m o r e , O. J. G o o d s pe e d , H . V. H a l l , D . S. S t o n e , E. J. W h it a k e r , G . P. W i l l a r d . B o a r d o f D ir e c t o r s : F. L . B l a t c h f o r d , S e c u r i t y C om m itte e : H . A. C o w e l l , G . P. W il l a r d , O. J. G o o d s pe e d . Regular meetings for receipt of moneys the second Wednesday of each month. STATEMENT OF CONDITION AT THE CLOSE OF THE OCTOBER BUSINESS. 1916. Assets. Liabilities. Loans on real estate Loans on shares . Tem porary expense account Cash . . . . $65,082 1,135 2 4,020 00 00 40 53 Dues capital Profits capital Guaranty fund . Surplus Interest Fines Withdrawal profits Matured share account Suspense account $46,221 10,979 942 2,011 468 2 11 9,600 1 $70,239 93 S h a res. Issued during year . . . W ithdrawn during year . Matured during year . . . Shares now pledged . . Shares in force . . . . . . . . 00 93 93 38 63 83 56 00 67 $70,239 93 M e m b e rs h ip . 145 A dded during year .106Withdrawn during year 37 Members . . . . . .358Borrowers . . . . . . 8 4 5 ' . 18 15 138 58 Profits Distributed. U n m atu red Sh a re s. First term, 2J^%; second term, 43^%. Proportion of profits retained on voluntary withdrawals, 25%. Rates and Averages on Loans. 62 4 re a l estate lo a n s (average, $1,049.71 each; average rate, 6 % ): 6% , s h a r e lo a n s (average, $283.75 each; average rate, 6 % ): 6%, $1,135. $65,082. Total Expenses for Year. Amount paid for . Cost per $1,000 of assets https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Salaries. $100.00 1.42 Other Expenses. $53.80 .76 Total. $153.80 2.18 297 B A N K COMMISSIONER. No. 8.] Reconciliation of Share Account with Dues and Profits Capital. Receipts and Disbursements. R e c e ip t s . Dues capital . . . . Real estate loans repaid Share loans repaid Interest . . . . . Fines . . . . . Withdrawal profits Matured share certificate account . Cash on hand October, 191.5 $10,159 10,727 805 3,856 55 161 7,489 1,399 00 00 00 88 97 36 58 20 $34,653 99 D is b u r s e m e n t s . Dues capital withdrawn Dues capital matured . Profits capital withdrawn Profits capital matured Real estate loans Share loans . . . . Interest . . . . . Tem porary expense M atured share account Personal accounts Cash on hand October, 1916 $3,813 5,294 654 2,126 14,200 1,595 358 153 2,289 147 4,020 00 00 80 73 00 00 85 80 58 70 53 $34,653 99 Date of Issue. Series Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. Mar. Sept. 1905 1905 1906 1906 1907 1907 1908 1908 1909 1909 1910 1910 1911 1911 1912 1912 1913 1913 1914 1914 1915 1915 1916 1916 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 J /g f $198 187 176 165 155 145 135 125 116 107 98 89 81 73 65 57 49 42 34 27 21 14 8 2 Dues paid in advance . 16 06 22 69 40 35 53 97 63 54 68 97 54 28 25 40 74 25 96 90 09 52 16 00 ¡„^orce. Total Value. 6 1 25 23 30 18 18 25 37 52 22 41 30 16 65 34 55 27 39 46 67 OD 6S 45 $1,188 187 4,405 3,810 4,662 2,616 2,439 3,149 4,315 5,592 2,170 3,688 2,446 1,172 4,241 1,951 2,735 1,140 1,363 1,283 1,413 798 554 90 96 06 50 87 00 30 54 25 31 08 96 77 20 48 25 60 70 75 44 40 03 60 88 00 106 00 $57,523 »3 Dues capital Profits capital Unpaid dues $46,221 00 10,979 93 323 00 $57,523 93 D a t e s of E x a m in a t io n a n d A u d it , June 15, 16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATEM ENTS OF Certain Savings and Loan A ssociations Su b je c t to the s u p e r v is io n THE PROVISIONS OF C https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis h apter of the CHAPTER 26, G B ank C o m m is s io n e r under 121, A C T S OF 1912, AND eneral A cts of 1916. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ATTLEBOROUGH SAVINGS AND LOAN ASSOCIATION, ATTLEBORO. 29 PARE STREET. Established January, 1876. Began business January, 1876. F ba n k W. W e a v e r , P r e sid e n t . C ale b S l ad e , T r e a s u r e r . C aleb S lad e , Se cre ta ry . B o a r d o f D ir e c t o r s : F. I. B abcock , M . L. C arter , H . E. C lap , G. O. D un h a m , Joseph F in b e r g , C . S. H olden , A. S. I ng rah am , H . P. K e n t , W. L. K in g , W. J. L u t h e r , O. P. R ichardson , E . A . Sw e e n e y , F. W. W e a v e r , O scar W oleenden . L o a n o r B u i l d i n g C om m itte e : F. W . W e a v e r , G. O. D u n h a m , H . P. K e n t , W . L. K in g . A u d i t o r s : E. A . Sw e e n e y , A . S. I ng rah am , O. P. R ichardson , H . E . C lap . Regular monthly meeting fixed b y by-laws, the third M onday of every month. STATEMENT OF CONDITION, OCTOBER 31, 1916. Assets. Liabilities. Loans secured b y mortgages upon real estate $1,575,086 47 Loans secured b y pledge of shares 51,733 00 Loans secured by other collateral 1,250 00 Real estate owned b y the associa tion . . . . 89,661 33 Real estate sold, deeds not passed 13,230 81 1,715 13 Real estate b y foreclosure Unpaid dues 2,272 00 Permanent expense 6,924 31 Tem porary expense 551 73 Real estate expense 4,090 32 Gain and loss 15 78 Deposited in bank 13,472 37 Cash in hands of treasurer 871 37 * 1,580 matured shares at $500 each $790,000 155 shares, series 27, at $503.14 each 77,986 117 shares, series 28, at $455.28 each 53,267 178 shares, series 29, at $411.37 each 73,223 63,541 172 shares, series 30, at $369.43 each 127 shares, series 31, at $329.43 each 41,837 57,380 197 shares, series 32, at $291.27 each 48,434 190 shares, series 33, at $254.92 each 191 shares, series 34, at $220.30 each 42,077 289 shares, series 35, at $187.33 each 54,138 329 shares, series 36, at $155.93 each 51,300 34,910 277 shares, series 37, at $126.03 each 35,800 367 shares, series 38, at $97.55 each 450 shares, series 39, at $70.43 each 31,693 436 shares, series 40, at $44.60 each 19,445 807 shares, series 41, at $20.00 each 16,140 2,230 Dues paid in advance . 34,825 Due on mortgage loans Interest Bills payable 40,000 Rents . . . . 6,530 Guaranty fund . 108,100 Fines . . . . 32 Surplus fund 6,101 12 Cancelled shares 70 Rent from safe deposit boxes $1,760,874 62 00 70 76 86 96 61 19 80 30 37 97 31 85 50 60 00 00 00 00 41 70 15 75 17 00 $1,760,874 62 Receipts and Disbursements, Year ending October 31, 1916. R eceipts . From dues From interest From fines From rents From real estate loans From construction loans From share loans From personal loans . From real estate b y agreement From temporary expense From bills payable From city and town notes . From safe deposit boxes Cash on hand Oct. 30, 1915 D isbu rsem ents . . $103,492 82,530 41 7,809 114,629 127,200 45,029 140 1,020 1,469 60,000 40,000 75 9,749 00 77 50 25 78 00 00 00 78 96 00 00 00 32 For shares withdrawn . For dividends on matured shares For interest For notes payable For real estate loans . For construction loans For share loans . For real estate expense For temporary expense For permanent expense For real estate owned . For dues capital . For city and town notes For gain and loss Cash on hand Oct. 31, 1916 $593,187 36 $40,752 36,225 1,364 30,000 244,875 99,025 44,083 4,090 1,929 8,305 24,076 4,101 40,000 15 14,343 68 00 16 00 00 00 00 32 28 66 40 34 00 78 74 $593,187 36 Miscellaneous. Number of share holders of unmatured shares . . Largest number of unmatured shares held b y any one member Number of holders of matured shares . . . Largest number of matured shares held b y any one person T otal number of members holding either matured or unmatured shares Largest loan to any one person . . . Number of borrowers . Rates of interest charged to borrowers . . . . R ate of dividend declared on matured shares . Rate of dividend declared on unmatured shares . Amount paid for salaries during the year . . Number of shares issued during the year . . Number of shares withdrawn during the year . ' . Number of shares matured during the year . . New shares are issued in January of each year. Required monthly dues upon each share . . . 5% . . . . . . . . . D ates of E xam in a tio n and A u d it , November 1 -16 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 963. 72. 347. 87. 1,149. $83,000. 659. Lowest 5 % , highest 6% per annum. 5%. $5,850.60. 866. 485. 131. .. $2. [Pub. Doc. RE PO R T OF THE 302 NORTON SAVINGS AND LOAN ASSOCIATION, CHARTLEY. Established January 1, 1890. A n d r e w H . Sw e e t , P r e s id e n t . Began business January 1, 1890. C harles C . V a l e n t in e , T r e a s u r e r . C harles C . V a l e n t in e , Se cre ta ry . R . F. B riggs , H. G . D anfor th , .T. A. F r ee m an , J. A. L e ona r d , C. H. M ake p e a ce , G . F. Sa w y e r , A. H . Sw e e t , A . M . Sw e e t , C. C. V a le n t in e , B. O. W a l k e r , O. E . W a l k e r . B o a r d o f D ir e c t o r s : L o a n o r B u i l d i n g C om m itte e : A u d ito rs: C. H. M a ke p e a c e , H. G. D an f o r th , C. C . V a l e n t in e . J. A . L eonard , C . H. M a k e p e a c e , O. E . W a l k e r . Regular meetings fQr receipt of moneys the third M onday of every month. STATEMENT OF CONDITION, OCTOBER 31, 1916. Liabilities. Assets. Loans secured b y mortgages upon real estate . . . . Loans secured b y pledge of shares . Real estate owned b y the associa tion . . . . . Real estate sold b y agreement General expense . . . . Unpaid dues . . . . Real estate expense Furniture and fixtures Repaid expense . . . . Cash deposited in banks or trust companies . . . . Cash in hands of treasurer . $84,884 09 12,150 06 27,329 2,196 652 268 1,217 157 15 99 40 28 00 39 31 15 4,447 23 267 24 184 matured shares at $300 each . 25 shares, series 18, at $292.90 each 14 shares, series 19, at $256.48 each 30 shares, series 20, at $221.80 each 42 shares, series 21, at $188.77 each 96 shares, series 22, at $157.31 each 49 shares, series 23, at $127.35 each 78 shares, series 24, at $98.81 each 105 shares, series 25, at $70.53 each 62 shares, series 26, at $44.65 each 97 shares, series 27, at $20.00 each Forfeited dividends Dues paid in advance . Interest account Bills payable . . . . Guaranty fund . . . . Undivided profits Rents . . . . . Fines . . . . . $55,200 7,322 3,590 6,654 7,928 15,101 6,240 7,707 7,405 2,768 1,940 13 182 3,392 969 2,200 2,977 1,982 9 00 50 72 00 34 76 15 18 65 30 00 16 00 41 60 00 24 50 63 $133,585 14 $133,685 14 Receipts and Disbursements, Year ending October 31, 1916. D isbu rse m e n ts . R eceipts . $14,716 00 From dues . . . . 957 29 From interest . . . . 38 75 From fines . . . . 2,727 50 From rents . . . . 11,891 16 From loans on shares . 36,399 04 From loans on mortgages 8,000 00 From money borrowed From dues paid on real estate sold ■* 85 00 b y agreement . . . . 35 40 From expense repaid . 4,601 39 Cash balance Oct. 30, 1915 . For shares withdrawn . For dividends on matured shares For amount loaned on shares For general expenses . For real estate loans . For real estate expenses For borrowed m oney . For retired matured shares . For salaries For interest For taxes . . . . For permanent expense For improvement on real estate Cash balance Oct. 31, 1916 . Miscellaneous. D ates of E xam in a tio n and A ud it , November 17-24 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 64 00 51 39 07 75 00 00 00 15 24 31 00 47 $79,451 53 $79,451 53 Number of shareholders of unmatured shares . Largest number of unmatured shares held b y any one member Number of holders of matured shares . . . . . . Largest number of matured shares held b y any one person T otal number of members holding either matured or unmatured shares Largest loan to any one person . . . . ■ ; • Number of borrowers . . . . . . . . . Rate of interest charged to borrowers . . . . Rate of dividend declared on matured shares . . . . . Rate of dividend declared on unmatured shares . . . . Amount paid for salaries during the year . . . . . Number of shares issued during the year . . . . . Number of shares withdrawn during the year . . . . Number of shares matured during the year . . . . . New shares issued in January of each year. Required monthly dues upon each share . . . . . $13,974 2,235 13,413 122 28,916 798 13,600 300 540 174 482 49 131 4,714 170. 28. 62. 15. 186. $4,679.93. 83. 6% . 5%. 5%. $540. 104. 118. 45. $2. No. 8.] B AN K COMMISSIONER. 303 PLAINVILLE SAVINGS AND LOAN ASSOCIATION, PLAINVILLE. EAST BACON STREET. Established December, 1S79. Began business February, 1880. H. A lton H a ll , P r e sid e n t . W a lter E . B a r d e n , T r e a s u r e r . W alter E . B a rd e n , Se cre ta ry . W . E. B a r d e n , J. F. B r e e n , A . E. B urton , G. F. C h e e v e r , J. J. E id e n , J. T . G off ,N . C. G r an t , H. A . H a ll , R . F. H a l l , R ufus K in g , J. W . M a r t in , Jr., C. E . R il e y , H. B . T hompson , H. E . T hompson , G ardner W a r r e n . B o a r d o f D ir e c t o r s : L o a n o r B u i l d i n g C om m itte e : A u d it o rs : The whole board of directors. H. A . H a ll , G. F. C h e e v e r , J. J. E id e n , C. E . R il e y , H. B. T hompson . Regular meetings for receipt of moneys, before the tenth of each month. STATEMENT OF CONDITION, OCTOBER 10, 1916. Assets. Liabilities. Loans secured b y mortgages upon real estate . . . . Loans secured b y pledge of shares . Loans secured b y other collateral . Real estate owned b y the association . . . . . Unpaid dues . . . . Unpaid interest . . . . Unpaid rents . . . . Furniture and fixtures Deposited in banks or trust com panies . . . . . Cash in hands of treasurer . $156,588 35 1,668 00 693 00 12,300 72 219 22 200 00 00 83 00 00 3,096 51 380 67 644 matured shares at $151.87 each 134 shares, series 33, at $128.29 each 200 shares, series 34, at $98.86 each 164 shares, series 35, at $70.80 each 89 shares, series 36, at $43.98 each 369 shares, series 37, at $18.38 each Due on loans in process Dues paid in advance Interest paid in advance Bills payable . . . . Interest on notes payable Guaranty fund . . . . Undivided profits $175,240 36 $97,804 17,190 19,772 11,611 3,914 6,782 265 192 962 4,000 7 11,000 1,738 28 86 00 20 22 22 00 00 95 00 00 00 63 $175,240 36 Receipts and Disbursements, Year ending October 10, 1916. R ece ip ts . From dues . . . From interest . . . From fines . . . From rents . . . From withdrawal reserve From loans . . . From money borrowed From advance dues account From loans in process . Miscellaneous receipts Cash on hand Oct. 10, 1915 D isbu rse m e nts . . . . . . $24,401 9,773 15 1,315 68 18,405 8,000 880 2,540 126 3,862 80 30 50 50 33 44 00 00 00 50 31 For shares withdrawn . For dividend on matured shares . For amount loaned For general expenses . For real estate expenses For notes payable For interest on notes payable For rebate on advance dues For advance dues account . For loans in process For miscellaneous disbursements . For shares held for non-payment of dues . . . . . Cash on hand Oct. 10, 1916 $69,388 68 . . shares . . . . . . . . . . D a t e s of E x a m in a t io n a n d A u d it , Novem ber 20-22 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 24 14 96 71 07 00 36 78 00 00 50 94 74 3,477 18 $69,388 68 M is cella n eou s. Number of shareholders of unmatured shares . . . . Largest number of unmatured shares held b y any one member Number o f holders of matured shares . . . . . Largest number of matured shares held b y any one person T otal number of members holding either matured or unmatured Largest loan to any one person . . . . . . Number of borrowers . . . . . . . . Rate of interest charged to borrowers . . . . . Rate of dividend declared on matured shares . . . . Rate of dividend declared on unmatured shares . . . Amount paid for salaries during the year . . . . Number of shares issued during the year . . . . Number of shares withdrawn during the year . . . Number of shares matured during the year . . . . New series issued in February of each year. Required monthly dues upon each share . . . . $19,786 4,499 28,731 1,197 661 7,500 69 5 964 2,275 126 360. 20 . 165. 25. 460. 84,000. 144. 6% . 5%. 5%. 8800. 369. 169. 170. $2. f e ; •' • - a fc ■ ; Í v ,V • - .• - , • f ■ ■ Bjs f k 6 1 .* ' * í U j « |fcv:-■> ñ ' 4 , ‘ - ... , ■ :V ; : - : ' https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ! ■ ^ - ,- ■ . - ■■ $ "M-* - V § É ¡B p * ' . ’ ' >..* ' BR ' ’ , , . •**úmk ' - •. '" ÏM ..^ ívvvi STATEMENTS OF C R E D IT https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis U N IO N S. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ANTICA ECLANO CREDIT UNION, BOSTON. 19 PRINCE STREET. Incorporated June 4, 1915. Began business September 18, 1915. (Office V acant), T r e a s u r e r . E n r ic o D e S im o n e , P r e sid e n t. J o sep h M a z z a r e l l a , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : E n r ic o D e S im o n e , N ic o l a D in d io , J oseph M a z z a r e l l a , S. R . R o m a n o . * C re d it C om m itte e : T om asso D e S im o n e , A n t o n io D e L u c a . * S u p e r v is o r y C om m itte e : A lfo n so Sa n t a m a r ia , C ir ia c o O l im p io . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $160 00 50 05 87 12 Loans Expense account Cash Shares . . Overs and shorts Earnings . Entrance fees Fines . . . . . . $235 2 20 39 00 00 67 00 50 $297 17 $297 17 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . Repaid loans Entrance fees Interest . . . • Fines . . . . Over and short account Cash on hand Oct. 30, 1915 D is b u r s e m e n t s . $195 290 10 20 00 00 00 67 50 2 00 155 25 Shares . . Loans . . Expenses . . Cash on hand Oct. . . . . . . 31, 1916 $123 450 13 87 00 00 30 12 $673 42 $673 42 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . • • What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . • • • W hat rate of interest is allowed on savings deposits as determined by directors . . • • • , .• Rate of dividends paid upon shares during year . . . . ^ p a y a b le upon the instalment plan, what are the requirements of the by-laws as to payments . • • • • 1( Number of shares subscribed for and in force Oct. 31, 191b Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . • • • • • Date of annual meeting fixed b y the b y - l a w s .......................................... D a t e of E x a m in a t io n , October 26. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * One vacancy. 20 . $ 100 . $50. 12% per annum. $ 1. 5 cents per dollar per month. 50 cents. None yet determined. None. $5. Minimum, $1 per month. 47. 27. 4. Second W ednesday in N ovem ber. 308 REPO RT OF THE [Pub. Doc. ASCO CREDIT UNION, BOSTON. 440 WASHINGTON STREET. Incorporated January 7, 1915. J a m es A. P r e s id e n t . M c C o r m ic k , E d it h B o a r d o f D ir e c t o r s : C r e d it C om m itte e : E d it h E. A. S u p e r v is o r y C om m itte e : Began business M ay 1, 1915. C. W a lte r C . C a m ero n , C a m e r o n , L o u is H o f f s t a d t , W . E . S im m o n s. A l g e r , R . H. A. E. G. T . G o l d s m it h , J o s e p h in e G ra h a m , E dw ard E . S im m o n s , T r e a su r e r . C le r k o f C o r p o r a t io n . G o o d ey, H. H. W. H u t c h in s o n , J. A . M c C o r m ic k , T u r n e r . E r ic k s o n . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans Expense account Cash $267 00 48 07 157 24 Shares Deposits Earnings . Entrance fees $397 31 25 18 $472 31 60 00 71 00 $472 31 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . . . . Deposits . . . . . . Repaid loans . . . . Entrance fees . . . . Interest . . . . . Cash on hand Oct. 30, 1915 . $236 95 62 0 0 370 0 0 8 00 24 08 146 21 D isb u r se m e n t s . S h a r e s .......................................... Deposits . . . . . L o a n s .......................................... Expenses . . . . . Cash on hand Oct. 31, 1916 . $847 24 $50 25 79 75 5 5 5 OO 5 00 157 24 $847 24 Miscellaneous. Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . R ate of dividends paid upon shares during year . . . . Par value of shares . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 ~. Date of annual meeting fixed b y the by-laws . . . . . D a t e o f E x a m in a t io n , https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis June 8 . 10 . 1, 000 . $250. N ot determined. 50 cents. 2 cents per month on each dol lar overdue. 25 cents. $ N ot determined. None paid. $5. Minimum, 10 cents per week. 75. 29. 7. _ Third Tuesday in November. 'No. 8.] BAN K COMMISSIONER. 309 AUGUSTOV CREDIT UNION, BOSTON. 332 BLUE HILL AVENUE (ROXBURY DISTRICT). Incorporated February 24, 1915. Began business M ay 25, 1915. J. A l l e n , P r e s id e n t . J. B . S a k l a d , T r e a su r e r . B. R o b in s o n , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : C r e d it C om m itte e : J. A l l e n , J. I. F r ie d m a n , I. K i n g , B. R o b in s o n , J. B. Sa k l a d . L ou is W i s e , S. P e c k a r s k y , I. K a p l a n . S u p e r v is o r y C om m itte e : D . K u b y e l s k y , M . St e i n , I. K i n g . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $832 70 112 82 44 86 Loans Expense account Cash Shares Earnings . Entrance fees Fines $833 146 3 7 50 60 00 28 $990 38 $990 38 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . . . . Repaid loans . . . Entrance fees . . . Interest . . . . Fines . . . . Cash on hand Oct. 30, 1915 . . . . . . $481 25 1,980 30 3 00 122 00 6 46 31 39 Shares . . . . Loans . . . . Expenses . Cash on hand Oct. 31, 1916 $29 2,482 68 44 00 00 54 86 $2,624 40 $2,624 40 Miscellaneous. Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which m ay be loaned to any one member . M aximum rate of interest which may be charged for loans Am ount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . ^ . . .• . W hat rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . R ate of dividends paid upon shares during year . . Par value of shares . . . . . . . . • • If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s o f E x a m in a t io n , September 18, 19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10 . Unlimited. $ 100. 10%. $ 1. 2 cents per dollar per week. None. None. None. $5. Minimum, 50 cents per week. 152. 36. 22. Second Tuesday in November. 310 R E PO R T OF THE [Pub. Doc, BEVERLY INVESTMENT CREDIT UNION, BEVERLY. 39 BOW STREET. Incorporated September 29, 1913. Began business September 29, 1913. S a m u e l K a n t e k , P r e s id e n t . I I . S . S t a e b , T r e a su r e r . G . R o se R a s h k e n , C le r k o f C o r p o ra tio n . H. B a k e e , I s a d o b e C h a n s k y , L . G o l d b e b o , S a m u e l K a n t e e , F . A . P l a t e n , W . R o s e n t h a l , J a c o b R u b e n s t e i n , S a u l S i l v e b , H . S. S t a b b . B o a r d o f D ir e c t o r s : * C re d it C om m itte e : A . Y a e f a , B . K a n t e b . S u p e r v is o r y C om m itte e : F . A . P l a t e n , S a u l S i l v e b , M o b b is R osenblatt. BALANCE SHEET, OCTOBER 31, 1916. Assets. Loans . . . Expense account Cash . Interest paid Furniture apd fixtures Investment Liabilities. . $2,640 208 1,930 126 49 5 72 70 07 37 81 00 Shares . . Deposits . . Guarantee fund . Earnings . . Entrance fees Fines . . . . . . . . . . $3,591 625 169 560 40 00 59 36 90 13 42 $4,960 67 $4,960 67 Receipts and Disbursements during the Year ending October 31, 1916. Shares . . Deposits . . Repaid loans Entrance fees Interest . . Fines . . Cash on hand Oct. R e c e ip t s . . . . . $3,656 99 2,277 48 15,758 36 90 560 44 13 42 2,687 88 . . . . 30, 1915 D is b u b s e m e n t s . Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Interest paid Dividends . . . . Furniture and fixtures Investment Profit and loss Cash on hand Oct. 31, 1916 $24,955 47 , $5,119 1,741 15,454 311 126 191 49 5 26 1,930 29 86 14 36 37 00 81 00 57 07 $24,955 47 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Am ount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y di rect ors. . . . . . . . . . . . R ate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . ’ Date of annual meeting fixed b y the by-laws . . . . . D ate of E x a m in a t io n , https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis July 3 . * One vacancy. 10. Unlimited. Unlimited. 8%. 10 cents. 1 cent per dollar first week, 5 cents thereafter. 25 cents. o/c3 V s% . $25. Minimum, 40 cents per week. 140. 56. 40. Second M onday in November. 311 B AN K COMMISSIONER. No. BOSTON AND MAINE EMPLOYEES CREDIT UNION, BOSTON. 152 CAUSEWAY STREET. Incorporated February 26, 1915. C h a r l e s A . H a l l , P r e s id e n t . Began business March 6, 1915. C h a b l e s C . A l d e n , T r e a su r e r . G e o k g e P. M a n n , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : C . C . A l d e n , R . C . B a b b id g e , C . A . H a l l , C r e d it C om m itte e : F . S. E . H e n d e h s o n , R . L. N ic h o l s . J. T a g u e , M . C r o w l e y , J. W . W h it t a k e r , S. J. T r u d e a u , F . E . W S u p e r v is o r y C om m itte e : N . H . R ic k e r , a it t . J. W . W e b s t e r , E . F og g . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. Loans . . . . Expense account Cash . . . . Investment Fixtures . Organization expense . Interest paid $4,993 250 1,213 5 24 30 2 10 88 29 00 45 51 20 Shares Deposits Guarantee Earnings Undivided Fines . . . . . . . . . . fund . . . . . . . earnings . . . . . . . . . $4,548 1,095 134 678 55 7 50 18 90 01 00 84 $6,519 43 $6,519 43 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares Deposits Repaid loans Entrance fees Interest Fines Cash on hand Oct. 30, 1915 $4,432 1,266 7,480 66 678 7 236 00 15 52 40 01 84 74 Shares Deposits Loans Expenses . Interest Fixtures Dividends . Cash on band Oct. 31, 1916 $1,463 534 10,613 250 2 24 64 1,213 50 75 70 88 20 45 89 29 $14,167 66 $14,167 66 Miscellaneous. Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . What rate of interest is allowed on savings deposits as determined by directors . v . . . . Rate of dividends paid upon shares during year Par value of shares . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s o f E x a m in a t io n , August 21-28 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 20. $500. $100 unsecured, $500 secured. 12%. , $1 per share. 5 cents per month per dollar. 25 cents. 5%. 10%. $5. Minimum, 50 cents per week. 915. 262. 115. Tuesday, previous to N ovem ber 20. 312 REPO RT OF THE [Pub. Doc. CITY OF BOSTON EMPLOYEES’ CREDIT UNION, BOSTON. ROOM 109, CITY HALL ANNEX. Incorporated N ovember 5, 1915. Began business November 15, 1915. B e r n a r d C. K e l l e y , P r e sid e n t . C h a r l e s H. S l a t t e r y , T r e a s u r e r . J o sep h F . S u l l iv a n , C le r k o f C o r p o ra tio n . B. C o o k , M . P . H ig g in s , T h o m as J o r d a n , B. C . K e l l e y , E . T . K e l l y , W . P . L o n g , J. J. M a h a r , S. L . M a l o n e y , J. S. M c K e n n a , H . C . M il d r a m , C . H . S l a t t e r y , J. F . S u l l iv a n , J. H . S u l l iv a n , F r e d e r ic k Z ie g l e r . B o a r d o f D ir e c t o r s : F . C re d it C om m itte e : W . J. D o y l e , G . A . F l y n n , W . J. M c G l in c h y . S u p e r v is o r y C om m itte e : J. M . C u r l e y , J. A. M it c h e l l , E. F. M urphy. BALANCE SHEET, OCTOBER 31, 1916. Assets. Loans Expense account Cash Investment Interest paid Liabilities. $9,356 617 893 5 17 41 89 47 00 09 Shares Deposits Guarantee fund Earnings . Fines $8,083 1,040 444 1,224 97 $10,889 86 75 05 10 37 59 $10,889 86 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares Deposits Repaid loans Entrance fees Interest Fines $8,632 1,513 12,662 444 1,224 97 25 24 57 10 37 59 D is b u r s e m e n t s . Shares Deposits Loans Expenses . Interest paid Investment Cash on hand Oct. 31, 1916 $24,574 12 $548 473 22,018 617 17 5 893 50 19 98 89 09 00 47 $24,574 12 Miscellaneous. Maximum number of shares which m ay be held by any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Am ount of entrance fee, fixed b y the by-law's . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined by directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 Number of borrowers Oct. 31, 1916 . . . . . Date of annual meeting fixed b y the by-laws . . . . D a t e s o r E x a m in a t io n , August 30, 31. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . 50. N ot limited. $300. 8% . 25 cents per share. 2 cents per month on each dol lar or fraction of a dollar. 50 cents. 4%. None yet declared. $5. Minimum, 50 cents weekly on entire subscription. 1,616. 676. 192. Third Tuesday in November. 313 BAN K COMMISSIONER. No. 8.] COSMOPOLITAN CREDIT UNION, BOSTON. 60 DEVONSHIRE STREET. Incorporated June 1, 1914. Began business June 3, 1914. G eorge P. K in sm a n , P r e sid e n t . E . F. Symonds , T r e a s u r e r . S a die A l k in s , C le r k o f C o r p o r a t io n . B o a r d o f D ir e c t o r s : Sadie A l k in s , C re d it C om m itte e : W . A . F. F isch e b , F. G. H ow ar d , G. P. K in sm a n , E . F. Sym onds . J. C a h il l , Jr., C harles M orell , J. M . W a x m a n . S u p e r v is o r y C om m itte e : M a x M itch ell , W . F. F arr ar , E dmund H a n so n . BALANCE SHEET, OCTOBER 31, 1916. Assets. Loans Expense account Cash Profit and loss Investment Liabilities. $545 10 4 13 5 00 42 25 50 00 Shares Deposits Guarantee Earnings . . . . fund . . . . . . . . . $510 15 42 10 00 00 36 81 $578 17 $578 17 Receipts and Disbursements during the Year ending October 31, 1916. . . . . . . Cash on hand Oct. 30, 1915 D isbu rsem ents . to o R eceipts . Shares . Deposits . Repaid loans Entrance fees 70 1,403 6 78 91 00 67 00 62 59 25 Shares . . Deposits . . Loans . . Expenses . . Dividends . . Interest . . Profit and loss Cash on hand Oct. . . . . . . . . . . . . 31, 1916 $472 55 1,313 13 47 00 67 00 94 10 67 13 50 4 25 $1,920 13 $1,920 13 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Am ount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . What fee is charged for transfer of shares . . . .• • What rate of interest is allowed on savings deposits as determined b y directors . . . . R ate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . • If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . Number of borrowers Oct. 31, 1916 . . . . . Date of annual meeting fixed b y the by-laws . D a te op E x a m in a t io n , September 22. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . 20 . N ot determined. $50 unsecured, unlimited with collateral. 12% per annum, or 25 cents per month minimum. 10 cents per share. 5 cents per month per dollar. 25 cents. None yet paid. Minimum, 25 cents per share weekly. 102. 27. 13. Second Tuesday in November, 314 [Pub. Doc. R E PO R T OF THE EAST BOSTON CREDIT UNION, BOSTON. 155 CHELSEA STREET (EAST BOSTON DISTRICT). Incorporated July 31, 1913. Began business August 14, 1913. E dw ard R e m er, T re a su re r. M o r r is G o l d s t e in , P r e s id e n t . Sim o n J. A r o n s o n , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : S. J. A r o n so n , B. F is h b a in , E d w a r d R e m e r , D . R o t t e n b e r g , E . W a x m a n , M a x Weker. C r e d it C om m itte e : A . E l l is , M . G o l d s t e in , H . L a p p . S u p e r v is o r y C om m itte e : M a x W e k e r , A . G in s b e r g , H. J. D a v id s o n . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. $4,060 00 909 49 Loans Cash Shares Deposits Guarantee Profit and . . . . fund . loss . . $3,943 937 85 2 . . $4,969 49 54 41 95 59 $4,969 49 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . Deposits . . Repaid loans Entrance fees Interest . . Fines . . Cash on hand Oct. . . . . . . . . 30, 1915 D is b u r s e m e n t s . $5,847 1,004 5,725 6 383 15 17 45 76 98 50 31 32 55 Shares Deposits Loans Expenses . Dividends . Guarantee fund . Cash on hand Oct. 31, 1916 $13,000 87 $5,314 568 5,810 137 207 51 909 92 60 98 52 68 68 49 $13,000 87 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . R ate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, Number of members Oct. 31, 1916 . . . Number of borrowers Oct. 31, 1916 . . . Date of annual meeting fixed b y the by-laws . . D a t e s of E x a m in a t io n , July 6-13 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1916 . . . . . . . . . 100 . $500. $100, unless secured. 12% . 25 cents. 5 cents per month on each dol lar of payment due. 50 cents. Minimum, 25 cents per share weekly. 788. 94. 56. Third Thursday in November., 315 BAN K COMMISSIONER. No. 8.] ELMCO CREDIT UNION, BOSTON. 131 WASHINGTON STREET. Incorporated October 1, 1914. Began business October 19, 1914. J oh n J. D e l e a , T r e a s u r e r . W il l ia m H . P e t e r s o n , P r e sid e n t. M a x B e b n h a r d t , C le r k o f C o r p o ra t io n . B o a r d o f D ir e c t o r s : M a x B e r n h a r d t , C r e d it C om m itte e : T . J. B r a d y , J. J. D e l e a , W. H . P e t e r s o n , H. F. T a y l o r . L. G . J o e l , J a co b S m it h , E . A . W S u p e r v is o r y C om m itte e : h it c o m b . J. A . G il l is , M a r k M a r k s , A . F. R i p l e y . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. Loans . Expense account Cash . Interest paid on deposits $1,066 69 483 1 50 99 92 65 Shares . . . Deposits . . . Guarantee fund . Earnings . Entrance fees Fines . . . . . . $1,326 119 43 120 11 1 45 16 60 25 30 30 $1,622 06 $1,622 06 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . $856 587 1,707 11 120 1 70 90 75 30 06 30 19 656 87 Shares Deposits Repaid loans Entrance fees Interest Fines Other receipts Cash on hand Oct. 30, 1915 Shares Deposits Loans Expenses . Interest on deposits Dividends paid . Cash on hand Oct. 31, 1916 $572 502 2,308 27 1 44 483 75 19 75 90 65 91 92 $3,942 07 $3,942 07 Miscellaneous. Maximum number of shares which m ay be held b y any one member Maximum amount of deposits which any one member m ay make M aximum amount which m ay be loaned to any one member Maximum rate of interest which may be charged for loans Am ount of entrance fee, fixed b y the by-laws . W hat fine is charged upon payments in arrears W hat fee is charged for transfer of shares . . • .• , , ; What rate of interest is allowed on savings deposits as determined by directors . . . • • .• • R ate of dividends paid upon shares during year . . . . Par value of shares . . . • • • , ' . ,, ' If payable upon the instalment plan, what are the requirements of the by-laws as to payments . • • ■ ■ 1Q • Number of shares subscribed for and m force Oct. 31, la ib Number of members Oct. 31, 1916 . . • • • • Number of borrowers Oct. 31, 1916 ..................................................... D ate of annual meeting fixed b y the b y - l a w s .......................................... D a t e op E x a m in a t io n , M arch 21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1 U. Unlimited. $50 on note with endorser, $100 with security. 1% per month. 10 cents. 2 cents a week on shares, 5 cents a week on loans on each dollar in arrears. 25 cents. 4%. 7%. $5. Minimum, 25 cents per week. 284. 92. 35. Second M onday in November. 316 REPO RT OF THE [Pub. Doc. GILCO CREDIT UNION, BOSTON. 417 WASHINGTON STREET. Incorporated July 11, 1914. W il l ia m H . M a n n , P r e sid e n t. T h o m as J. J. B o a r d o f D ir e c t o r s : H ea bt z , A g n es C r e d it C om m itte e : Began business July 22, 1914. S u p e r v is o r y C om m itte e : F it z g e e a l d , C le r k o f C o r p o r a t io n . T . J. F i t z g e e a l d , J a W. H . M a n n , K e n n e t h B u l g e s, L a w to n , J. T . J o h n J. C h a se , F e e d F. W. H a e d in g , V o e e n b e e g , H. W . C. W . n e M. G e e n d l e t , M o o ee, F . W. F . J. B u l g e e , W. S m a ll, F . T r e a su r e r . H a e d in g R A A . S m i t h .’ D o w n es. S c h a sc h k e, W . F. G b a d y . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans Expense account Cash Investment $1,619 37 1,523 5 38 90 17 00 Shares Deposits Guarantee fund Earnings . Surplus $1,257 1,535 70 303 18 $3,185 45 60 62 00 40 83 $3,185 45 Receipts and Disbursements during the Year ending October 31, 1916. Shares . . Deposits . . Repaid loans Interest . . Cash on hand Oct. R e c e ip t s . . . . . $959 2,262 4,467 303 219 . . 30, 1915 25 82 24 40 84 Shares Deposits Loans Expenses Dividends . . . . . . . . . . D isb u e s e m e n t s . . . . . . . . . . . Cash on hand Oct. 31, 1916 $8,212 55 $615 1,252 4,763 31 7 19 1,523 40 25 75 15 71 12 17 $8,212 55 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws ' W hat fine is charged upon payments in arrears ! \ W hat fee is charged for transfer of shares . . ’ cfirecfors°^ interest is aUowe(i on savings deposits as determined b; Rate of dividends paid upon shares during year Par value of shares . . . . . If payable upon the instalment plan, what are the requirements’of th by-laws as to payments . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 Number of borrowers Oct. 31, 1916 . Date of annual meeting fixed b y the by-iaws \ D a t e o f E x a m in a t io n , Ju n e https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 9. 5. $ 1,000 . $50 without negotiable ity. 12% . None. N o amount fixed. N o amount fixed. secur- 5%. 5%. $5. Minimum, 25 cents per week. 274. 179. 89. Third Thursday in N ovem ber. 317 B AN K COMMISSIONER. No. 8.] GREATER BOSTON CREDIT UNION, BOSTON. 121 CAMBRIDGE STREET. Incorporated March 9, 1914. Began business M arch 14, 1914. G e o r g e F . S u l l iv a n , P r e s id e n t . J oh n I. F it z g e r a l d , T r e a su r e r . J o s e p h H . S h e e r a n , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : J o h n I. F it z g e r a l d , T . L. G a r g a n , M . A . H e m a n , J. M . K a v e n e y , J. H . S h e e r a n , G . F . S u l l iv a n . C re d it C om m itte e : D . T . K e n n e y , A . E . L ib b y , M . C . M cN u l t y , G . E . G il b o y . S u p e r v is o r y C om m itte e : J. J. C o a d y , J. A . S u l l iv a n , D a n ie l D r is c o l l . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $1,953 487 118 1 Loans Expense account Cash Interest paid 50 45 28 50 $1,895 392 235 23 13 Shares Deposits Earnings . Entrance fees Fines 89 76 75 20 13 $2,560 73 $2,560 73 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . Deposits . . Repaid loans Entrance fees Interest . . Fines . . Cash on hand Oct. . . . . . . . . 30, 1915 D is b u r s e m e n t s . $934 528 1,410 2 80 6 133 63 82 50 80 70 20 27 Shares . . Deposits . . Loans . . Expenses . . Interest paid Cash on hand Oct. . . . . . . . . 31, 1916 $918 626 1,420 12 1 118 63 26 25 00 50 28 $3,096 92 $3,096 92 Miscellaneous. M aximum number of shares which m ay be held b y any one member . M aximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . What rate of interest is allowed on savings deposits as determined b y directors . . .\ . R ate of dividends paid upon shares during year . . . Par value of shares . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . _ . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s o f E x a m in a t io n , October 23-25 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Unlimited. $ 1, 000 . $ 200 . 1% per month. 10 cents. 2 cents per month on each dollar in arrears. 10 cents. */ o - None paid. $5. Minimum, 25 cents per week. 379. 188. 72. Second M onday of M ay. 318 REPO RT OF THE [Pub. Doc. HAMPDEN CREDIT UNION, BOSTON. 48 HAMPDEN STREET (ROXBURY DISTRICT). Incorporated July 17, 1916. Began business August 28, 1916. A brah am Sh opnick , P r e sid e n t . A lbert A . L e w is , T r e a s u r e r . H y m a n J. L e w is , C le r k o f C o r p o ra t io n . B o a r d o f D ir e c t o r s : C harles G insb er g , A . A . L e w is , H . J. L e w is , M orris R od netsky , A braham S hopnick . C r e d it C om m itte e : I srael G insberg , M orris B ostnick , Sam uel B a y a r d . S u p e r v is o r y C om m itte e : R u b e n Sn id e r , A . A. Jacobs , C olman F eld m a n . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans Expense account Cash $115 50 3 65 477 91 Shares Deposits Earnings Fines . . . . . . . . . . . . . . . . . . . . $534 52 8 1 $597 06 80 32 45 49 $597 06 Receipts and Disbursements during the Year ending October 31, 1916. R eceipts . Shares . Deposits . Repaid loans Interest . Fines . . . . . . . . . . . . . . . . D isbu rsem ents . . . . . . $553 05 52 32 313 75 8 45 1 49 Shares . . . . Loans . . . . Expenses . . . . Cash on hand Oct. 31, 1916 . . $929 06 $18 429 3 477 25 25 65 91 $929 06 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Am ount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . R ate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a te op E x a m in a tio n , December 27. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10. N ot determined. $ 200 . 12 %. $ 1. 5 cents on each dollar or frac tion thereof per month. 25 cents. N ot determined. None. $5. Minimum, 25 cents weekly. 106. 23. 12. Second Tuesday in November. 319 BAN K COMMISSIONER. No. 8.] INDUSTRIAL CREDIT UNION, BOSTON. 264 BOYLSTON STREET. Incorporated November 23, 1910. Began business December 7, 1910. J o s e p h in e D . W e y m o u t h , P r e sid e n t . C h a r l o t t e A . P e r k in s , T r e a s u r e r . E t h e l S. J o h n so n , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : G . U . C r o c k e r , M a r ie B . G r ig g s , E t h e l S. J o h n so n , -Ma r y M . K e h e w , C h a r l o t t e A . P e r k in s , A . L . R a f t e r , E m m a F . S c h o f ie l d , J o s e p h in e D . W e y m o u t h , R e n t o n W h id d e n . C r e d it C om m itte e : K e n n e t h H o w e s , F l o r e n c e K in g , "Ma b e l C h a m p l in , A n n a W a t e r b u r y , F . E , S m it h , W . H . G a l v in , W . J. S a n d s . S u p e r v is o r y C om m itte e : H e l e n P e ir c e , B e r t h a B . M a h o n y , F l o r e n c e J a c k s o n . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. Loans . # . Securities and interest due Cash . . . . $13,690 79 7,839 53 4,012 65 . $21,004 14 1,175 1,160 803 1,256 11 115 1 Shares . . . . Dividends payable Deposits . . . . Guarantee fund . Interest paid in advance Earnings . . . . Sundries . . . . Entrance fees Publicity fund . 36 20 85 71 73: 12 31 50' 19 $25,542 97 $25,542 97 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . . Deposits . . Repaid loans Entrance fees _ . Interest prepaid . Interest . . Securities . . Fines Earnings . . Publicity fund Sundries . . Cash on hand Oct. . . . . . . . . . . $13,269 3,461 25,243 112 . . . 30, 1915 . 148 292 15 9 24 105 4,784 84 67 72 50 38 38 53 27 37 73 31 25 Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Investments Dividends . . . . Publicity fund, payments Interest paid Sundries . . . . Earnings . . . . Cash on hand Oct. 31, 1916 $47,467 95 . $11,487 3,317 24,173 581 3,116 539 141 21 71 4 4,012 52 91 35 60 19 92 09 72 40 60 65 $47,467 95 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y 80. $400. $300. 12 % . 60 cents. 2 cents for each dollar (or frac tion) for each month (or fraction) overdue. 2 0 cents. 4% . R ate of dividends paid upon shares during year . . . . 5%. Par value of shares . . • • • • . • • • $5. If payable upon the instalment plan, what are the requirements of the Minimum, 10 cents per week by-laws as to payments . . . or 25 cents per month. 4,200. Number of shares subscribed for and in force Oct. 31, 1916 529. Number of members Oct. 31, 1916 167. Number of borrowers Oct. 3 i, 1916 . . . . . . D ate of annual meeting fixed b y the b y - l a w s ........................................... Last Tuesday in November. D a t e s of E x a m in a t io n , September 25-28 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 320 R E PO R T OF THE [Pub. Doc, JEANNE D’ARC CREDIT UNION, LOWELL. 725 MERRIMACK STREET. Incorporated February 5, 1912. Began business February 12, 1912. E p h r e m P e l l e t ie r , P r e s id e n t . J oseph E . L a m b e r t , C le r k o f C o r p o r a t io n . P a u l V ig e a n t , T r e a s u r e r . A . A . G io Ne t , J. E . L a m b e r t , L . N . M il o t , L . N. M il o t , Jr., G e o r g e M o n g e a u , E p h r e m P e l l e t ie r , L . V . R o c h e t te , J. E . R o u t h ie r , P a u l V ig e a n t . B o a r d o f D ir e c t o r s : T h o m as C a r o n , L e o n c e F o r t in , C r e d it C om m itte e : T h o m a s C a r o n , G e o r g e M o n g e a u , S u p e r v is o r y C om m itte e : A . A . G io n e t , P a u l V ig e a n t . J. E . R o u t h ie r , L. V . R o c h e t t e , L. N . M il o t , Jr. BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans . . . . . Expense account . . . Suspense account . . . C a s h .......................................... $29,322 76 114 9,173 73 10 97 47 Shares . . Deposits . . Surplus . . Guaranty fund . . . . . . . . . . . . $5,980 31,365 1,184 157 . $38,687 27 00 29 98 00 $38,687 27 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . . . Deposits . . . . Repaid loans . . . Entrance fees . . . Interest . . . . Suspense account . . Cash on hand Oct. 30, 1915 D is b u r s e m e n t s . . . . . . . . $2,525 28,836 4,462 56 1,285 123 3,200 00 49 52 90 30 37 68 Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Dividends . . . . Interest paid . . . Suspense account . . Cash on hand Oct. 31, 1916 $40,490 26 . . . . . . . . $534 12,710 17,285 247 205 302 30 9,173 98 57 00 44 60 22 98 47 $40,490 26 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make M aximum amount which m ay be loaned to any one member Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . R ate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s of E x a m in a t io n , M ay 11, 12 and 17. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 50. $ 1,000 . $2,500. 8% . 1 0 cents. 2 cents per month on each dol lar or fraction thereof. 25 cents. 4% . 5% . $5. 50 cents per month. 1,196. 335. 41. Second W ednesday of Novem ber. No. 8.] 321 B AN K COMMISSIONER. JEWISH FARMERS’ CO-OPERATIVE CREDIT UNION OF BRISTOL COUNTY, ATTLEBORO. Incorporated March 10, 1914. Began business April 10, 1914. M ic h a e l G l o b u s , P r e sid e n t . S a m u e l F r ie d m a n , T r e a su r e r . C h a r l e s F i n e , C le r k o f C o r p o ra t io n . B oa rd o f D ir e c t o r s : C h a r l e s F i n e , S a m u e l F r ie d m a n , M ic h a e l G l o b u s , A b r a h a m K a u f m a n , I sa a c T e p l e n k o . C r e d it C om m itte e : J a co b H o r o w it z , M . O p p e n h e im e r , A . B. J a f f e . S u p e r v is o r y C om m itte e : R u b e n C o h e n , I . G a r b e r . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $1,700 00 82 78 Loans Cash $691 00 1,000 00 91 78 Shares Deposits Surplus $1,782 78 $1,782 78 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Cash on hand Oct. 30, 1915 $49 1,955 69 67 00 00 55 40 Shares . . . . Loans . . . . Expenses . . . . Cash on hand Oct. 31, 1916 . . . $40 1,980 38 82 00 00 17 78 $2,140 95 $2,140 95 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which may be charged for loans Amount of entrance fee fixed b y the b y - l a w s .......................................... W hat fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined b y directors R ate of dividends paid upon shares during year . . . . Par value of shares . . . . • • • • If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, Number of members Oct. 31, 1916 . . . Number of borrowers Oct. 31, 1916 . . . Date of annual meeting fixed b y the by-laws . . D a t e s of E x a m in a t io n , August 17, 18. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1916 . . . . . . . . . 50. $500. $ 100 . 6 % per annum. None. None. 50 cents per share. N ot determined. None. $5. Minimum, $1 per month on each share. 129. 44. 25. N ovember 23. 322 REPO RT OF THE [Pub. Doc. LABOR CIRCLE CREDIT UNION, LYNN. 83 BLOSSOM STREET. Incorporated July 23, 1912. Began business August 2, 1912. (Office v a ca n t), P r e sid e n t. B e n n ie S n y d e r , T r e a su r e r . I sa a c N o r m a n , C le r k o f C o r p o ra t io n . B o a r d o f D ir e c t o r s : J oseph B r o n s t e in , R o b e r t D ie t z , C r e d it C om m itte e : J. I z e n s t a t t , I saac N o r m a n , B e n n ie Sn y d e r . W. G r o b , H y m a n S h a n f ie l d , L. A s h k in a z y . S u p e r v is o r y C om m itte e : S. W e in e r , D . S h u m s k y , J. B. M a c k . BALANCE SHEET, OCTOBER 31, 1916. Assets Loans Expense account Cash Suspense . Investment Liabilities. $1,394 05 6 6 05 606 06 06 5 00 $608 35 1,258 30 96 00 6 8 96 14 00 25 61 Shares Deposits Guarantee fund . Earnings Entrance fees Profit and loss $2,071 22 $2,071 22 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . . . D is b u r s e m e n t s . . . $353 1,132 3,972 55 185 84 . . 30, 1915 50 59 50 50 76 07 Shares . . . . Deposits . . . . Loans Expenses . . . . Interest . . . . Dividends . . . . Investment Cash on hand Oct. 31, 1916 . $5,783 92 CO IO Shares . . Deposits . . Repaid loans Entrance fees Interest . . Cash on hand Oct. 90 128 46 4,803 50 125 08 21 42 40 50 5 00 606 06 $5,783 92 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 Date of annual meeting fixed b y the by-laws . . . . . D a t e s oe E x a m in a t io n , July 6 , 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis i0. Unlimited. $75. 10% . 25 cents. 2 cents per month on each dol lar or fraction. 25 cents. 6 %. 6% . $5. Minimum, $1 per week. 108. 103. 61. First M onday in November. 323 B AN K COMMISSIONER. No. 8.] LA CAISSE POPULAIRE DE NOTRE DAME DES CANADIENS OR CREDIT UNION, WORCESTER. 5 SALEM SQUARE. Incorporated August 10, 1911. Began business August 21, 1911. J o seph T . R o b e r g e , T r e a su r e r . N a po le o n J. M a r t e l , C le r k o f C o r p o ra tio n . J B . N . S o u l l ie r e , P r e sid e n t . B o a r d o f D ir e c t o r s : W L B o u s q u e t , J. A . M . B r o c h u , J. B . B r o d e u r , E l ie G a l i p e a u , N. J. M a r t e l , J. T . R o b e r g e , J. B . N . S ou llxer e . C r e d it C om m itte e : E l i B e l is l e , E u g e n e S o l y , A . H . G ir a r d in . S u p e r v is o r y C om m itte e : G. E . B e l is l e , G. C. G ir a r d in , F r e d e r ic k B o is s e a u . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $8,406 60 85 81 3,019 52 Loans Expense account Cash $5,536 5,466 189 274 44 Shares . Deposits . Guarantee fund . Surplus . Entrance fees 31 93 35 74 60 $11,511 93 $11,511 93 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . . . . Deposits . Repaid loans Entrance fees Interest . . Fines . . • ____• Cash on hand Oct. 30, 1915 $2,216 5,708 6,687 44 480 40 25 29 60 18 6 83 431 04 Shares . Deposits . Loans . • • Expenses . . . . Interest . . . . Dividend on shares Cash on hand Oct. 31, 1916 $15,574 59 $416 2,341 9,439 85 126 145 3,019 79 41 00 75 52 60 52 $15,574 59 Miscellaneous. Maximum number of shares which m ay be held b y any one member . 25. $ 1, 000 . Maximum amount of deposits which any one member m ay make $5,000. M aximum amount which may be loaned to any one member 10%. Maximum rate of interest which m ay be charged for loans cents per share. Amount of entrance fee, fixed b y the by-laws . . . • • 10 1 % per share each week, on What fine is charged upon payments in arrears . . . . loans only. W hat fee is charged for transfer of shares . _ . • . • , , • 25 cents. W hat rate of interest is allowed on savings deposits as determined Dy 4% . directors . . . • • .• 5%. R ate of dividends paid upon shares during year • Par value of shares . • „ - , ■ ",, • . • , ' If payable upon the instalment plan, what are the requirements of the Minimum, 10 cents per share by-laws as to p a y m e n t s .......................................................................... each week. 1,136. Number of shares subscribed for and in force Oct. 31, 1916 314. Number of members Oct. 31, 1916 . . . . . . 56. Number of borrowers Oct. 31, 1916 . . . • Second Thursday in N ovem Date of annual meeting fixed b y the by-laws ■ ber. D a t e s op E x a m in a t io n , June 13, 14. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 324 REPO RT OF THE [Pub. Doc. LAWRENCE CREDIT UNION, LAWRENCE. ROOM 313 BAY STATE BUILDING, ESSEX STREET. Incorporated January 7, 1913. Began business January 13, 1913. I sa d o r G o r d o n , P r e s id e n t . S a m u e l N . F is h m a n , C le r k o f C o r p o r a t io n . L ouis M a r c u s, T rea su rer. S N. F is h m a n , M a r c u s F r ie d , L o u is G o l d m a n , I sa d o r G o r d o n E d w in H o s k in , L o u is M a r c u s , I sa a c S e g e l , J. A . T u c k e r . B o a r d o f D ir e c t o r s : J oh n F is h m a n , C r e d it C om m itte e : F. N. F o r s y t h , J. W . G o d d a r d , J a m e s G o r d o n , K e w a K l e n o w . S u p e r v is o r y C om m itte e : J. H . B r o sm a n , A b r a h a m C h o r t k o f f , J u l iu s M a r c u s . BALANCE SHEET, OCTOBER 31, 1916. Assets. Loans Furniture and fixtures Investment Cash . . . . . Liabilities. $3,336 75 5 327 10 00 00 85 Shares . . Deposits . . Guarantee fund . Surplus . . Suspense . . Bills payable . . . . . . . . $3,241 60 24 117 68 26 50 15 36 300 00 $3,743 95 $3,743 95 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . . . Deposits . . . . Repaid loans Proposition account Guarantee fund . M inors fees . . . Interest . . . . Fines Other receipts Expense . . . . Bills payable Cash on hand Oct. 30, 1915 D is b u r s e m e n t s . $2,555 74 6,391 50 26 78 01 43 15 52 1 00 86 449 56 12 25 70 32 00 1 ,0 0 0 0 0 Shares . . Deposits . . Loans . . Expenses . Interest . . Deposit suspense Investment Bills payable Guarantee fund . Cash on hand Oct. . . . . . . . . 31, 1916 $1,379 13 7,235 329 76 12 705 700 111 327 38 75 00 71 24 75 00 00 13 85 248 04 $10,890 81 J $10,890 81 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which may be loaned to any one member Maximum rate of interest which m ay be charged for loans ! Am ount of entrance fee, fixed b y the by-laws ' What fine is charged upon payments in arrears . . ' ' ] W hat fee is charged for transfer of s h a r e s .......................................... W hat rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . R ate of dividends paid upon shares during year Par value of shares . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 Number of borrowers Oct. 31, 1916 ■ . . . . Date of annual meeting fixed b y the by-laws . D a t e s of E x a m in a t io n , M ay 8-10 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 250. $1,250. $ 100 . 12 % . $ 1. cents per week on each dol lar or fraction thereof. 15 cents. 2 -ivoNone yet declared. $5. Minimum, 25 cents per week. 582. 130. 57. Last M onday in November. 325 BAN K COMMISSIONER. No. 8.] LORD BEACONSFIELD CREDIT UNION, BOSTON. 155 CHELSEA STR E E T (EAST B O STO N D IS T R IC T ). Incorporated N ovember 13, 1913. Began business N ovember 19, 1913. . A. S. G o l d b e r g , C le r k o f C o r p o ra t io n . D a v id P e c a r d , P r e sid e n t . L ou is B a n d , T r e a su r e r . B o a r d o f D ir e c t o r s : M o r k is A l p e r t , J oseph B a n d , L o u is B a n d , D a v id B r o o k s , J a co b C h a f e t z , A . S. G o l d b e r g , I saac M a r c u s , D a v id P e c a r d , M o r r is S h u l m a n . C re d it C om m itte e : I sr a e l E s k in , A . H u r e w it z , M a x G in s b e r g . S u p e r v is o r y C om m itte e : M a x G r e e n , H a r r y C h a f e t z , J oseph B e r m a n . B ALA N CE SHEET, O C T O B E R 31, 1916. A ssets. $3,192 136 5 1,109 Loans Expense account Investment Cash 90 37 00 87 L ia b ilitie s. Shares . . . . Surplus Guarantee fund . Earnings . . . . Suspense account Fines . . . . $3,822 99 8 51 85 97 444 80 1 94 79 93 $4,444 14 $4,444 14 R e ce ip ts a n d D isb u rsem en ts d u rin g t h e Y ea r e n d in g O c to b e r 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . . Repaid loans Entrance fees Interest . . Fines . . Suspense account Cash on hand Oct. . . . . . . 30, 1915 $2,523 7,218 27 445 79 22 127 08 00 00 16 93 51 99 Shares . . . . Loans . . . . Expenses . Interest refunded Dividends paid . Suspense account Cash on hand Oct. 31, 1916 $946 29 8,104 00 136 37 36 126 21 20 57 1,109 87 $10,443 67 $10,443 67 M iscella n eou s. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which m ay be loaned to any one member Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . What rate of interest is allowed on savings deposits as determined by directors . . . . • R ate of dividends paid upon shares during year . . . . Par value of shares . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . Number of borrowers Oct. 31, 1916 . . . . . Date of annual meeting fixed b y the by-laws . . . . D a t e s of E x a m in a t io n , July 17-20 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . 50. $250. $ 100 . 10% . 50 cents. 1 cent per month on each dol lar or fraction thereof. 25 cents. 5%. 10% . $5. Minimum, 10 cents on each share per week. 700. 154. 71Third Wednesday in Novem ber. [Pub. Doc. REPO RT OF TH E 326 MANSFIELD CREDIT UNION, MANSFIELD. 1 S H E R M A N B L O C K , N O R T H M A IN ST R E E T . Incorporated M ay 23, 1916. Began business September 2, 1916. H e n r y D . S m it h , P r e sid e n t. F r a n k R . Sa w y e r , T r e a s u r e r . W a l t e r I. S h e r m a n , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : F. L. B r o o k s , F. J. E v a n s , G . A. F l a g g , E . K . P o n d , F. R . Sa w y e r , W. I. S h e r m a n , H . D . S m it h . C re d it C om m itte e : E . A . C a r p e n t e r , J o seph L in f o r d , W . H. L y o n s , H . A. M S u p e r v is o r y C om m itte e : W . C . F u l l e r , orse, E. O. R ic h a r d s o n . A. A . G r o v e r , G . C . W h it m o r e . B A LA N C E SHEET, O c to b e r 31, 1916. L ia b ilitie s. A ssets. $50 00 128 23 157 41 Loans Expense account Cash Shares Deposits Entrance fees $211 50 112 64 11 50 $335 64 $335 64 R e ce ip ts a n d D is b u rs em en ts d u rin g th e Y ea r e n d in g O c to b e r 31, 1916. R e c e ip t s . Shares Deposits Entrance fees Expense D is b u r s e m e n t s . $211 50 112 64 11 50 15 Loans . Expenses . Cash on hand Oct. 31, 1916 $335 79 $50 00 128 38 157 41 $335 79 M iscella n eou s. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . What rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . R ate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, Number of members Oct. 31, 1916 . . . Number of borrowers Oct. 31, 1916 . . . Date of annual meeting fixed b y the by-laws . . D a t e of E x a m in a t io n , November 22. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1916 . . . . . . . . . 25. $500. $50, unsecured. 12% . 25 cents. 5 cents per dollar per month. 25 cents. N o rate fixed. N o rate fixed. $5. Minimum, 25 cents weekly or m onthly on each share. 365. 46. 1. Third Saturday in November. 327 B AN K COMMISSIONER. No. 8.] MASSACHUSETTS CREDIT UNION, BOSTON. 78 DEVONSHIRE STREET. Incorporated January 22, 1914. Began business February 2, 1914. F e l ix V obenbebg , P r e sid e n t. W illiam J. St an ton , C le r k o f C o r p o ra tio n . M a x M itch ell , T r e a s u r e r . A. K . C oh e n , M a x w e l l C opelof , E. A . F il e n e , S. L. H e ch t , H abb y L e v i , H. A . M in t z , M a x M itch ell , J. P. M obse , Joseph N a v iso n , N a th a n Sa ll in g eb , W . J. Stan to n , L eon St bauss , F e l ix V ob e nbe b g , Simon V o benbebg . B o a r d o f D ir e c t o r s : Sol B ach abach , C r e d it C om m itte e : C hables W e il , A . W . K affenbu bgh , E . J. D b e y fu s . S u p e r v is o r y C om m itte e : J. R . M obse , S. D . W a x m a n , S. F. F e a n k e n st e in . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. Loans . Furniture and fixtures Cash . $1,943 80 358 61 7,105 27 $9,200 00 186 64 21 04 Shares Earnings . Supply account $9,407 68 $9,407 68 Receipts and Disbursements during the Year ending October 31, 1916. D is b u b s e m e n t s . R e c e ip t s . Shares Repaid loans Interest Maintenance fund Expense account Supply account . Cash on hand Oct. 30, 1915 $100 1,319 254 3,500 1 408 3,132 00 49 02 00 52 33 52 Shares . . . . Expenses . . . . Supply account . Equipment Cash on hand Oct. 31, 1916 $800 773 35 1 7,105 00 46 40 75 27 $8,715 88 $8,715 88 Miscellaneous. M axim um number of shares which may be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . (. W hat fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . • .• • What rate of interest is allowed on savings deposits as determined by directors . . . • • , .■ R ate of dividends paid upon shares during year . . . . Par value of shares . . • • • • . • If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . ■ ■ ■ • Number of shares subscribed for and in force Uct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . Date of annual meeting fixed b y the by-laws . D a tes of E x a m in a t io n , October 5, 6. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 200 . $2,500. $500 without negotiable secur ity, unlimited with negotia ble security. 12% . None. 5 cents per dollar per month. 25 cents. None yet allowed. None yet declared. $5. A t option of directors. 1,850. 125. 4. Third Wednesday of Novem ber. 328 REPORT OF TH E [Pub. Doc, MYCO CREDIT UNION, BOSTON. 90 HANOVER STREET. Incorporated September 23, 1916. S a m u el D a v is , Began business October 2 , 1916. T P r e sid e n t . A bra h a m B o a r d o f D ir e c t o r s : C re d it C om m itte e : J aco b A a ro n S u p e r v is o r y C om m itte e : A r o n so n , T o d tm a n, S a m u ^ H er m a n , J a co b E dw ard D av^ W il l ia m C o h en , F r a n k S p e n c e r , A r th u r A k° NS° N’ T r e a s u r e r . C le r k o f C o r p o ra t io n . E l l e r t , F r a n c is R u b in , A bra h a m F l in t . H ir s h s o n , J a co b M o ss. BALANCE SHEET, OCTOBER 31, 1916. Assets. Loans Expense account Cash $265 00 28 28 6 8 07 Liabilities. Shares . . Guarantee fund . Entrance fees . . . . . $326 50 20 75 14 10 1 j $361 35 $361 35 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . Repaid loans Entrance fees Interest . . . . . . j $331 45 20 14 50 00 75 10 D isb u r se m e n t s . Shares . . . . Loans Expenses . Cash on hand Oct. 31, 1916 ' $411 35 j $5 00 310 00 28 28 6 8 07 $411 35 Miscellaneous. Maximum number of shares which m ay be held b y any one member Maximum amount of deposits which any one member m ay make . Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . What fine is charged upon payments in arrears What fee is charged for transfer of shares . . ' ' ‘ " d ir e c t o r s ^ lnterest is allowed on savings deposits as determined b y Rate of dividends paid upon shares during year Par value of shares ‘ ‘ If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 Number of borrowers Oct. 31, 1916 Date of annual meeting fixed b y the by-iaws D a t es o p E x a m in a t io n , https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis December 2 0 , 2 1 . 1, 000 . $ 100 . $ 100. 12% . 25 cents. 5 cents per dollar each month. 25 cents. 4%. None. Minimum, 50 cents per week on each share. 94. 44. 13. Second M onday of November. No. 8.] BANK COMMISSIONER. 329 MYRICK CREDIT UNION, SPRINGFIELD. 27 WORTHINGTON STREET. Incorporated April, 1910. Began business M ay 1, 1910. A . A. W h i t b e c k , P r e sid e n t . H. R . P e a s e , T r e a s u r e r . H. R . P e a s e , C l e r k o f C o r p o ra t io n . B o a r d o f D ir e c t o r s : N. C . B r o w n , T h o m a s C o n d o n , G . C . C o n n e l l , H. R . P e a s e , H . K . R o t h e n b e r g , W. H. U n s w o r t h , A . A . W h i t b e c k . C r e d it C om m itte e : G e o r g e B r o w n , C h a r l e s C l if f o r d , J a m e s H a n n a h , T . P . Q u i n n . S u p e r v is o r y C om m itte e : J. F. D r a k e , A . H . S a m p s o n , T . D . G r i f f i n . BALANCE SHEET, OCTOBER 31, 1916. Assets. Loans Expense account Cash Liabilities. $1,457 83 130 76 839 50 $ 2 ,4 2 8 Shares Deposits Guarantee fund . Earnings . Entrance fees Salary account . Fines $922 1,143 227 129 21 53 29 88 1 20 2 08 1 90 $2,428 09 09 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . . . Deposits . . , . Repaid loans Entrance fees Interest . . . . Fines Other receipts Salary account . Cash on hand Oct. 30, 1915 D $24 234 3,786 1 189 1 5 00 79 15 20 52 90 25 2 08 515 83 is b u r se m e n t s. Shares . . . Deposits . . . Loans . . . Expenses . . . Interest on deposits Other disbursements Cash on hand Oct. 31, . . . . . 1916 $4,760 72 $70 409 3,141 235 59 4 839 40 05 35 97 64 81 50 $4,760 72 Miscellaneous. Maximum M aximum Maximum Maximum number of shares which may be held b y any one member . amount of deposits which any one member m ay make amount which may be loaned to any one member rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . Number of shares subscribed for and in force Oct. 31, Number of members Oct. 31, 1916 . . . Number of borrowers Oct. 31, 1916 . . . Date of annual meeting fixed b y the by-laws . . D ates of E x a m i n a t i o n , https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis October 3 , 4. 1916 . . . . . . . . . 125. $250. $ 200 . Short term loans under $10, 1 % per week. 10 cents per share. None. None. D-/0 None. $2 . 10 cents down and 10 cents per week. 459. 78. 26. Third Wednesday ixi Novem ber. RE PO R T OF THE 330 [Pub. Doc, NEPONSET CREDIT UNION, EAST WALPOLE. Incorporated October 5, 1915. A. H. R ussell , P r e sid e n t . B o a r d o f D ir e c t o r s : J . C re d it C om m itte e : Began business N ovember 1, 1915. C arlton T . B righ am , T r e a s u r e r . B enjam in R . T a yl o r , C le r k o f C o r p o ra t io n . E . Sm it h , J. H . S m it h , A . C. U r quh art , J. J. W h it e . H. H . M il le r , G. M . G r av e s , D . J. C u l lin a n e . S u p e r v is o r y C om m itte e : P. R . A l l e n , G. R . W y m a n , J. S. C lem ons . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $3,102 06 1,251 01 Loans Cash $2,103 1,976 144 49 78 Shares Deposits Guarantee fund . Surplus Dividends unpaid $4,353 07 15 98 98 62 34 $4,353 07 Receipts and Disbursements during the Year ending October 31, 1916. D isbu rsem ents . R eceipts . Shares Deposits Repaid loans Entrance fees Interest $2,232 3,475 4,314 113 217 65 19 78 00 25 Shares . . . Deposits . . . . Loans Expenses . . . . Cash on hand Oct. 31, 1916 $129 1,498 7,416 57 1,251 50 21 84 31 01 $10,352 87 $10,352 87 Miscellaneous. Maximum number of shares which m ay be held b y any one member Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . What fine is charged upon payments in arrears W hat fee is charged for transfer of shares . . . W hat rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . _ . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D ate of E x a m in a t io n , September 29. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 60. $ 1,000. $150 unsecured. 1 2 % per annum. 25 cents per share. 2 cents per month on each dol lar or fraction thereof in arrears. None. 4% per annum. 50 cents per week. 422. 143. 55. Second Wednesday in Novem ber. 331 BAN K COMMISSIONER. No, NEW ENGLAND CREDIT UNION, WORCESTER. 542 SLATER BUILDING. Incorporated M arch 22, 1912. Began business June 17, 1912. M a u r ic e F i n e , P r e s id e n t . H a r r y G oodm an, T re a su re r. J a c o b A s h e r , C le r k o f C o r p o ra tio n . B o a r d o f D i r e c t o r s : J. S. A i s e n b e r g , J a co b A sh e r , S. H . C o r a s h , A da m C o r b in , L . E . F e in g o l d , M a u r ic e F i n e , H a r r y G o o dm a n , F r a n k K e s s l e r , L o u is R o s e n . C r e d it C o m m itte e : Sa m u e l F i n e , L o u is R o s e f s k y , S a m u e l A is e n b e r g . S u p e r v is o r y C o m m itte e : M . M . I s r a e l , N a t h a n A b e l s o n , S a m u e l A b r a m s o n . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $30,009 252 5 4,155 Loans Expense account Investment Cash 10 58 00 44 $30,682 1,365 45 2,169 Shares Guarantee fund Surplus Earnings . Entrance fees Fines 10 14 33 95 6 70 152 90 $34,422 12 $34,422 12 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . . Repaid loans Entrance fees Interest . . Fines . . Suspense account Cash on hand Oct. . . . . . . 30, 1915 $6,754 54,360 7 3,199 177 30 4,671 35 45 40 04 90 30 30 Shares . . Loans . . Expenses . . Dividends . . Cash on hand Oct. $69,200 74 . . . . . . . . 31, 1916 $3,758 59,798 310 1,178 4,155 95 00 21 14 44 $69,200 74 Miscellaneous. Maximum number of shares which may be held b y any one member Maximum amount of deposits which any one member may make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . What fine is charged upon payments in arrears 30. Unlimited. $500. 8 %. 10 cents. 2 per cent on loans and 2 cents per month on each dollar or fraction thereof. 1 0 cents per share. W hat fee is charged for transfer of shares . . . • What rate of interest is allowed on savings deposits as determined by 6 %. directors . . . . . 9%. R ate of dividends paid upon shares during year . . . . Par value of shares . . . • • • . • • • $ 10 . If payable upon the instalment plan, what are the requirements of the Minimum, 25 cents per week by-laws as to payments on each share. 2,739. Number of shares subscribed for and in force Oct. 31, 1916 375. Number of members Oct. 31, 1916 . . . . . . 198. Number of borrowers Oct. 3 i, 1916 . . . . . . First M onday in November. Date of annual meeting fixed b y the by-laws . . . . . D a t e s of E x a m in a t io n , June 15, 16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 332 REPO RT OF TH E [Pub. Doc. NORTH END UNION CREDIT UNION, BOSTON. 73 TREMONT STREET. Incorporated M ay 15, 1913. Began business M ay 15, 1913. N a t h a n ie l O r l o v , P r e sid e n t . I sr a e l R u b y , T r e a s u r e r . I sr a e l R u b y , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : J a co b B l o o m b e r g , M o e C o h e n , R a lp h C o h e n , J. A . L ip p m a n , N a t h a n ie l O r lo v I sr a e l R u b y . * C r e d it C o m m itte e : J. W . T u s h in s , I sr a e l R u b y . t S u p e r v is o r y C o m m itte e : I . E . S im o n s . BALANCE SHEET, OCTOBER 31, 1916. Assets. Loans . . Expense account Cash . . . . Liabilities. . $1,330 00 2 0 10 . 3,159 87 Shares . . Guarantee fund . Earnings . . . . . . $4,324*00 56 24 129 73 $4,509 97 $4,509 97 Receipts and Disbursements during the Year ending October 31, R e c e ip t s . Shares . . Repaid loans . Interest . . Cash on hand Oct. 30, . . . . . . 1915 . . . 1916. D is b u r s e m e n t s . $1,452 1,700 197 1,405 00 00 95 43 Shares . . Loans . . Expenses . . Dividends . . Cash on hand Oct. . . . . . . . . 31, 1916 $4,755 38 $452 960 50 133 3,159 00 00 01 50 87 $4,755 38 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which may be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . What fine is charged upon payments in arrears . . ' What fee is charged for transfer of shares . . . . ' ! What rate of interest is allowed on savings deposits as determined bv directors . . . . . . . . . Rate of dividends paid upon shares during year Par value of shares . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 Number of borrowers Oct. 31, 1916 Date of annual meeting fixed b y the by-laws . . . . . Unlimited. Unlimited. 50% above investment. b2% None. 2 cents per dollar per week. N ot transferable. N ot determined. 7%. $5. Minimum, $ 2 per week. 860. 14. 9. First Wednesday in N ovem ber. D a te of E x a m in a t io n , June 28. * One vacancy. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis t Two vacancies. No. 8.] BAN K COMMISSIONER, 333 NOTRE DAME DE LOURDES CREDIT UNION, LOWELL. 716 MIDDLESEX STREET. Incorporated September 12, 1911. H . A . R a c ic o t , P r e s id e n t . Began business September 19, 1911. J o sep h D . D u b o is , T r e a s u r e r . J o s e p h D . D u b o is , C le r k o f C o r p o ra t io n . J. D . D u b o is , F e e d in a n d P ic h e , E dm on d P in a b d , J o seph P b o v o s t , A u b e l e N a d e a u , H . A . R a c ic o t . B o a r d o f D ir e c t o r s : S e v e e in B e l a n g e e , C re d it C om m itte e : J. P. M a e c h a n d , E p h b e m V ie b g e , U l d e b ic L e b o e u f . S u p e r v is o r y C om m itte e : A z a b ie S im a b d , J. A . L ’H e e e u x , L o u is R e n a u d . BALANCE SHEET, OCTOBER 31, 1916. Assets. Loans Expense account Cash Liabilities. $34,624 39 387 62 3,627 15 Shares Deposits Guarantee fund . Suspense account Earnings . Fines $2,809 34,547 42 85 1,152 71 53 25 85 94 88 $38,639 16 $38,639 16 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares Deposits Repaid loans Entrance fees Interest Fines Suspense account Cash on hand Oct. 30, 1915 D is b u b s e m e n t s . $2,168 19,189 2,473 11 1,741 04 75 36 75 16 68 187 08 5,912 83 Shares . . Deposits . . . Loans . . . Expenses . _ . Interest and dividends Suspense account Cash on hand Oct. 31, $31,684 65 . . . . . . . . . 1916 . . . . . . . $539 03 12,128 28 14,050 44 162 32 1,063 77 113 6 6 3,627 15 $31,684 65 Miscellaneous. Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . Number of shares subscribed for and in force Oct. 31, Number of members Oct. 31, 1916 . . . Number of borrowers Oct. 31, 1916 . . . D ate of annual meeting fixed b y the by-laws . . D a t e s o f E x a m in a t io n , M a y 15, 16. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1916 . . . . . . . . . 40. Unlimited. Unlimited. 7%. 25 cents. 2 % per month on each dollar. 50 cents. 4%. 6 %. Minimum, 10 cents per week or 50 cents per month. 556. 98. 26. Fourth Tuesday of November. 334 R E PO R T OF TH E [Pub. Doc, NOTRE DAME DU PERPETUEL SECOURS CREDIT UNION, HOLYOKE. CORNER MAPLE AND PROSPECT STREETS. Incorporated September 7, 1911. J oseph L u ssieb , P r e s id e n t . Began business September 8 , 1911. P ie bb e B o n you lo ib , T r e a s u r e r . J oseph C. D ba p e a u , C le r k o f C o r p o ra t io n . B o a r d o f D ir e c t o r s : N apoleon B a il , H . O. B eauch am p , P iebbe B on vo uloib , A bbaham B o n n e a u , J. C. D ba p e a u , O. O. L am on tagu e , Joseph L u ssie b , P. W. N obm and , E douabd Sa m son . C re d it C om m itte e : F. X . R och , V a le b e D u chabm e , Joseph L a lib e b t e . S u p e r v is o r y C o m m itte e : J. T. R o y , A. C. M e n a b d , J. M . R o y . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. $35,091 00 4,786 53 Loans Cash Shares Deposits Guarantee Surplus . . . . . . fund . . . . . . . $39,877 53 $38,327 884 559 105 16 78 68 91 $39,877 53 Receipts and Disbursements during the Year ending October 31, 1916. R eceipts . Shares . . Deposits . . Repaid loans Interest . . Cash on hand Oct. . . . . . . 30, 1915 D isbu bsem e nts . $30,797 84 12,739 1,485 2,261 35 25 00 86 31 Shares Deposits Loans Expenses . Dividends . Interest paid Cash on hand Oct. 31, 1916 $47,367 77 $7,699 2 33,750 25 1,075 29 4,786 71 03 00 00 50 00 53 $47,367 77 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y directors . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . • If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . _ . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D ates of E x a m in a t io n , October 2, 3. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 400. $500. $2,000 on real estate, $500 on endorsed notes. 10% . None. None. None. 3^% . 4J*%. $5. Minimum, 10 cents weekly. 7,874. 408. 51. Second M onday in November. BAN K COMMISSIONER. No. 8.' 335 PROGRESSIVE CREDIT UNION, WORCESTER. 10 WAVERLEY STREET. Incorporated February 2, 1914. Began business February 10, 1914. J . D . R u t m a n , P r e s id e n t . N a t h a n P a t r ic k , T r e a s u r e r . I. G o l d m a n , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : P . L . F i n k e l , C r e d it C o m m itte e : I. G o l d m a n , A . J a c k s o n , Sa m u e l K a n e n , M a x O k i n , N . P a t r ic k , J. D . R u t m a n . I. R o s e n z w e ig , I d e l S a c k , L o u is G o r m a n . \ S u p e r v is o r y C o m m itte e : H e n r y R u b in , P . L . B a k e r , B . R o s e n b e r g . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $22,513 31 40 00 306 81 Loans Fixtures Cash $21,570 00 457 37 832 75 Shares Guarantee fund . Unpaid dividends $22,860 12 $22,860 12 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . . Repaid loans Interest . . Fines . . Cash on hand Oct. . . . . . . 30, 1915 $13,819 32,773 1,990 106 101 00 50 20 80 95 Shares . . . . Loans . . . . Expenses . . . . Fixtures . . . . Dividends paid . . . Cash on hand Oct. 31, 1916 $3,664 42,949 338 40 1,492 306 . . . . . 00 31 61 00 72 81 $48,791 45 $48,791 45 Miscellaneous. M aximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Am ount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . _ . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . Number of borrowers Oct. 31, 1916 . . . . . D ate of annual meeting fixed b y the by-laws . . . . D a t e s o p E x a m in a t io n , June 22, 23. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . 40. Unlimited. $300. 6 %. None. None. 25 cents. None. M ay, 1916, 1916, 5%. $5. 5H % ; October, Maximum, 50 cents per share weekly. 4,314. 390. 237. First Tuesday in October. 336 R E PO R T OF TH E [Pub. Doc, PROGRESSIVE WORKMEN’S CREDIT UNION OF MALDEN, MALDEN. 263 BRYANT STREET. Incorporated September 12, 1911. Began business September 12, 1911. S a m u e l S t e in , P r e s id e n t . H a r r y E l so n , T r e a s u r e r . B e n j a m in M i l l e r , C le r k o f C o r p o r a t io n . B o a r d o f D ir e c t o r s : S. J. B a n d e r , H a r r y E l so n , S a m u e l G a r m e n t , S a m u e l G i t l e r , L o u is G o r d o n , B e n j a m in M il l e r , J. W . M o v e r , S a m u e l S t e i n . C r e d it C o m m itte e : N a t h a n B i l l e t k y , M y e r G e l p e , M . J. H a r r is , M o r r is B l o c k . S u p e r v is o r y C o m m itte e : C h a r l e s M i l l e r , T h o m a s C l y m a n , B e r n a r d L e w e n g r u b . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans Expense account Investment Cash $25,734 220 10 6,077 98 50 00 18 Shares . . . Deposits . . . Guarantee fund . Earnings, undivided Entrance fees . . $32,042 66 $27,441 1,359 1,248 1,884 109 21 57 05 33 50 $32,042 66 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . . . Deposits Repaid loans Entrance fees Interest . . . . Suspense account Cash on hand Oct. 30, 1915 D is b u r s e m e n t s . $17,930 7,244 41,060 109 2,932 64 2,581 00 09 48 50 94 06 78 Shares . . . . Deposits . . . Loans . . . . Expenses . . . . Interest on deposits Dividends . . . . Permanent expense Cash on hand Oct. 31, 1916 $71,922 85 $13,299 7,494 41,820 1,516 53 1,440 93 76 14 83 31 20 2 2 0 50 6,077 18 $71,922 85 Miscellaneous. Maximum number of shares which may be held b y any one member Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . What fine is charged upon payments in arrears What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined by directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s of E x a m in a t io n , M ay 22-26 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 15. Unlimited. Unlimited. 10%. 50 cents. 5 cents per month on every dollar or fraction thereof in arrears. 25 cents. 5%. 10%. $10.Minimum, 25 cents per week. 2,282. 580. 225. Fourth Friday in November. No. BAN K COMMISSIONER. 337 REGNILLAS CREDIT UNION, BOSTON. 501 WASHINGTON STREET. Incorporated June 10, 1914. Began business November 14, 1914. t F r e d e r ic A . M o r e l a n d , P r e sid e n t . A n n ie E . D o n a h u e , T r e a s u r e r . R o b e r t M a c D o n a l d , C le r k o f C o r p o ra t io n . B o a r d o f D ir e c t o r s : M a r ie E . B u r k e , M . G e n e v ie v e C a l l a h a n , A n n ie E . D o n a h u e , R o b e r t M a c D on ald, F . A . M or e la n d . C r e d it C o m m itte e : A r t h u r G il m a n , H y m a n H a r r is , C h a r l e s K o v e n . S u p e r v is o r y C om m itte e : W. H. K e r r , J. Sa l l in g e r , H e l e n J. C a s s id y . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. Loans . . Expense account Cash . . . . . . . . $152 00 28 0 0 62 82 Shares . Deposits . Interest . Entrance fees Fines . . . . . . . . . . . . . . . . . . . . . $211 50 10 0 0 16 37 4 75 20 $242 82 $242 82 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . . . . Deposits . . . . Repaid loans . . . Entrance fees . . . Interest . . . . Fines . . . . Cash on hand Oct. 30, 1915 . . . . . . $64 50 10 0 0 192 00 1 25 16 37 Shares . . . Loans . . . . Expenses . . . . Cash on hand Oct. 31, 1916 . . $41 257 4 62 50 00 25 82 20 81 25 $365 57 $365 57 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which may be loaned to any one member . Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s op E x a m in a t io n , August 11, 12. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 25. $ 1, 000 . $50. 12%. 25 cents. 2 cents a month on each dollar or fraction thereof. 25 cents. N ot yet determined. None yet paid. $5. Minimum, 50 cents per week. 34. 29. 8. First Wednesday in January. [Pub. Doc. REPO RT OF THE 338 REVERE CREDIT UNION, REVERE. 10 BELVIDERE SQUARE. Incorporated February 9, 1912. Began business February 15, 1912. J o sep h A s h , P r e s id e n t . Sa m u e l G o o d m a n , T r e a su r e r , C h a e l e s G i l f i x , C le r k o f C o r p o ra tio n . t B oa rd J o s e p h A s h , T h o m as D o w d , C h a b l e s G i l f i x , S a m u e l G o o d m a n , W il l ia m H a n c o c k , P h in e a s L e v i , C . H . P e n d e b g a s t , W il l ia m S t a n t o n , J a co b W e in b e b g . o f D ir e c t o r s : C r e d it C o m m itte e : J o sep h S u p e r v is o r y C o m m itte e : F. F it t in g o f f , M . M . A i s n e b , H. S. G e u t c h f ie l d . T . M . K il l ic k , A . C . P e n d e b g a s t , M a b g a b e t B a b t o s c h . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $12,157 388 5 44 50 76 00 18 25 2,037 55 Loans Expense account Investment Interest paid Suspense account Cash $12,899 ' 39 150 1,280 93 90 79 Shares Deposits Guarantee fund . Earnings Entrance fees Undivided earnings Fines 83 10 81 56 50 31 13 $14,633 24 $14,633 24 Receipts and Disbursements during the Year ending October 31, 1916. D is b u e s e m e n t s . R e c e ip t s . Shares . . Deposits . . Repaid loans Entrance fees Interest . . Fines . . Maintenance fees Cash on hand Oct. . . . . . . . . 30, 1915 $11,826 403 20,877 94 1,280 80 412 571 08 59 50 70 56 53 33 15 Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Interest paid or refunded Fines refunded . . . Dividend paid . . . Entrance fees refunded Cash on hand Oct. 31, 1916 $35,546 44 . . . . . . $2,427 55 396 45 29,847 45 6 8 6 09 44 18 1 40 104 57 1 20 2,037 55 $35,546 44 Miscellaneous. Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . What fine is charged upon payments in arrears . . . . . What fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . Number of borrowers Oct. 31, 1916 . . . . Date of annual meeting fixed b y the by-laws . . . D a t e s of E x a m in a t io n , August 7-10 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . 100. $ 1,000 . $ 2 0 0 on note; $ 1 ,0 0 0 on secur ity. 8 %. 50 cents. Y z cent per week on each dollar. 25 cents. 5%. 8 %. $ 10. Minimum, 25 cents oh each share, weekly. 1,289. 420. 167. Third Tuesday in Novem ber. No. B A N K COMMISSIONER. 339 ROXBURY CREDIT UNION, BOSTON. 119 TOWNSEND STREET (ROXBURY DISTRICT). Incorporated March 16, 1914. Began business April 28, 1914. A . J a n o f s k y , P r e s id e n t . S im o n M e l t z e r , T r e a su r e r . M a x T u c h m a n , C le r k o f C o r p o ra t io n . A. J a n o f s k y , M. M a p p e n , S im o n M e l t z e r , M ax T u c h m a n . B o a r d o f D ir e c t o r s : M a x F i s h e r , C r e d it C om m itte e : A . Z u d ik e r , I. B o o k , S. T u c h m a n . * S u p e r v i s o r y C om m itte e : B e n ja m in I sid o r , I. G l a z e r . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans . . . . . Expense account . . . C a s h .......................................... $1,198 00 53 33 276 30 Shares . . Guarantee fund . Surplus . . . . . . . . . . . $1,527 63 $1,404 02 58 21 65 40 $1,527 63 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . . Repaid loans . . . Guarantee fund . . . Interest . . . . Fines . . . . Cash on hand Oct. 30, 1915 D is b u r s e m e n t s . . . . . . . $687 45 2,459 80 8 25 164 09 22 81 322 80 Shares . . . . . Loans . . . . Expenses . . . . . Dividends . . . . . Cash on hand Oct. 31, 1916 $3,665 20 . . $519 2,725 104 39 276 68 00 27 95 30 $3,665 20 Miscellaneous. Maximum number of shares which may be held b y any one member Maximum amount of deposits which any one member m ay make Maximum amount which may be loaned to any one member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . What fine is charged upon payments in arrears What fee is charged for transfer of shares . . . What rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . _ . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, Number of members Oct. 31, 1916 . . . Number of borrowers Oct. 31, 1916 . . . Date of annual meeting fixed b y the by-laws . . 1916 . . . . . . D a t e s of E x a m in a t io n , September 19, 20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * One vacancy. . . . 10. Unlimited. $ 100. 8 %. $1. 10 cents per month on each dollar or fraction thereof in arrears. 50 cents. 4%. 7%. 25 cents per week on subscrip tion. 281. 40. 28. Third Tuesday in November. [Pub. Doc, REPO RT OF THE 340 SACRED HEART CREDIT UNION OR LA CAISSE POPULAIRE DU SACRE CŒUR, NEW BEDFORD. 331 SUMMER STREET. Incorporated September 5, 1914. Began business October 27, 1914. E l z e a r H . C h o q u e t t e , P r e s id e n t . S im o n P a q u e t t e , T r e a s u r e r . L ou is J e a n , C le r k o f C o r p o ra tio n . B o a r d o f D ir e c t o r s : J o s e p h C h a u s s e , E . C re d it C o m m itte e : H. C h o q u e t t e , L ou is J e a n , S im o n P a q u e t t e , O m e r 'Va l o is . D . H . G a u t h ie r , W il l ia m N e r b o n n e , J. B. A r c h a m b a u l t . S u p e r v is o r y C om m itte e : H e n r i G e r i n , E m m a n u e l B e l a n d , A r t h u r L a n g l o is . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. Loans . . Expense account Cash . . . . $14,772 87 . 1,292 15 86 22 . Shares . . Deposits . . Guarantee fund . Earnings . . Entrance fees . Suspense account Surplus . . . . . . . . . . . . . . . . . . . . $7,319 8,004 97 633 89 1 5 86 62 83 01 00 92 00 $16,151 24 $16,151 24 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . . Deposits . . Repaid loans Entrance fees Interest . . Suspense account Cash on hand Oct. . . . . . . 30, 1915 $4,387 7,520 6,043 89 633 1 730 27 96 13 00 01 92 29 Shares Deposits Loans Expenses Dividends . . . . . . . . . . . . . . . . . . . . . . . . . Cash on hand Oct. 31, 1916 $365 2,385 15,210 46 77 29 1,292 00 51 00 22 58 12 15 $19,405 58 $19,405 58 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . What rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 Date of annual meeting fixed b y the by-laws . . . . . D a t e op E x a m in a t io n , June 29. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 100. $1,500. $ 1 ,0 0 0 on notes. 10% . 10 cents. None. 10 cents. 4%. 4^% $5. Minimum, 0 cents per week. 1,447. 176. 20. Third Thursday in November. 341 BAN K COMMISSIONER. No. 8.] SALEM WORKINGMEN’S CREDIT UNION, SALEM. 145 ESSEX STREET. Incorporated M ay 15, 1912. I. S. P o r t e r , P r e s id e n t . B o a r d o f D ir e c t o r s : C re d it C om m itte e : Began business June 2, 1912. H y m a n S. P o l a n s k y , C le r k o f C o r p o r a t io n . B. P o l a n s k y , T r e a s u r e r . B. P o l a n s k y , H . S. P o l a n s k y , I. S. P o r t e r , S a m u e l S h a r e , J. W e in s t e in . M . L e v in e , S a m Z ol L, J. A. G o r d o n . S u p e r v is o r y C o m m itte e : M . S t a d l e r , M . P. S t o n e , J. W e in s t e in . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $3,982 143 5 12 Loans Expense account Investment Cash 75 01 00 93 $3,760 4 79 299 1 Shares Deposits Guarantee fund Earnings Fines 00 00 37 10 22 $4,143 69 $4,143 69 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares Deposits Repaid loans Entrance fees Interest Fines * Cash on hand Oct. 30, 1915 $1,782 4 8,605 5 355 2 252 55 00 15 50 35 47 42 Shares Loans Expenses . Dividend . Cash on hand Oct. 31, 1916 $1,203 9,523 189 78 12 97 40 14 00 93 $11,007 44 $11,007 44 Miscellaneous. Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which may be loaned to any one member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the b y -la w s .......................................... What fine is charged upon payments in arrears . . . . 20. $ 100. $ 200. 25 cents. 1 cent on each dollar each week. What fee is charged for transfer of shares . . . .. • 25 cents. What rate of interest is allowed on savings deposits as determined by directors 8 %. Rate of dividends paid upon shares during year . . . . Par value of shares . . . . • • • • • $ 10. If payable upon the instalment plan, what are the requirements of the Minimum, 25 cents each week. by-laws as to payments . _ . . 376. Number of shares subscribed for and in force Oct. 31, 1916 75. Number of members Oct. 31, 1916 . . . . . . 67. Number of borrowers Oct. 3 l , 1916 . . . . . . First M onday in November. Date of annual meeting fixed b y the b y -l a w s .......................................... D a t e s op E x a m in a t io n , October 18, 19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 342 REPO RT OF THE [Pub. Doc, SHAWMUT CREDIT UNION, BOSTON. 374 HARRISON AVENUE. Incorporated April 1 , 1914. Began business April 1, 1914. R o b e r t A . L a C e n t r a , P r e sid e n t . Sa m p e r G o o d m a n , T r e a s u r e r . A a r o n G . P a r k e r , C le r k o f C o r p o r a t io n . B o a r d o f D ir e c t o r s : B . H . C h e r t o k , S a m u e l G o o d m a n , J oh n H a r r is , R . A . L a C e n t r a , P h in e a s L e v i , A . G . P a r k e r , A b r a h a m Y u k e l e w it z . C re d it C o m m itte e : E l ie G o o d m a n , J o sep h L i e b , S a m u e l L e v in e . S u p e r v is o r y C o m m itte e : D a v id A m b u t e r , W . J. S t a n t o n , T . M . K il l ic k . BALANCE SHEET, OCTOBER 31, 1916. Assets. Loans . . . . Expense account Stationery and supplies Furniture and fixtures Investment Cash . . . . Liabilities. $14,198 27 19 9 5 1,105 62 05 00 75 00 62 Shares . . . Deposits . . . . Guarantee fund . . . Earnings . . . . Undivided earnings Entrance fees . . . Fines . . . . . . . . $13,176 '339 249 1,356 83 98 27 01 8 6 52 85 30 71 13 . . $15,365 04 $15,365 04 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . Deposits . . Repaid loans Entrance fees Interest . . Fines . . Maintenance fees Cash on hand Oct. . . . . . . . . 30, 1915 D is b u r s e m e n t s . $10,318 2,044 30,175 85 1,382 71 337 635 22 13 04 30 85 73 10 95 Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Stationery and supplies Furniture and fixtures Fines refunded . . . Interest paid and refunded Dividends paid . . . Cash on hand Oct. 31, 1916 $45,050 32 . . . . $2,068 2 ’328 38,718 390 19 9 $45,050 32 Miscellaneous. Maximum number of shares which m ay be held b y any one member Maximum amount of deposits which any one member may make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined by directors . . _ . Rate of dividends paid upon shares during year . . . . Par value of shares If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s of E x a m in a t io n , March 22-25 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 21 75 16 08 00 75 60 26 84 383 31 1,105 62 50. 1, 000 . 1, 000 . 6 %. $ $ 1 cent per week per dollar. 25 cents. 6 %. 12% . $ 10. 25 cents per week. 1,317. 179. 94. First Tuesday in November. 343 B AN K COMMISSIONER. No. 8.] SHEPARD, NORWELL CO. EMPLOYEES’ CREDIT UNION, BOSTON. 26 WINTER STREET. Incorporated July 27, 1911. Began business January 1, 1912. B . H. N orw ell . P r e s i d e n t . H. F. W right , T r e a su r e r . O. R . Sw e e t , C le r k o f C o r p o r a t io n . B o a rd , o f D ir e c t o r s : J. F. B eard sley , John M il n e , B . H . N ok w e l l , O. R . Sw e e t , H . F. W eigh t . C re d it C om m itte e : W . C . C loth ieb , A dam W e ir , F. R . C a rroll , John M itch ell , N ellie M urphy . S u p e r v is o r y C o m m itte e : E . E . C ole , John Sh epard , 3d, E . C. F arrington . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $501 09 36 30 13 99 99 122 09 Loans Expense account Interest on deposits Suspense account Cash Shares . . Deposits . . Guarantee fund . . . . . $206 91 327 87 138 91 $673 69 $673 69 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . Deposits . Repaid loans . . . . . . Cash on hand Oct. 30, 1915 $116 2 547 45 55 25 00 01 56 41 Shares . . . . . Deposits . . . . . Loans . . . . . Expenses . . . . . Interest on deposits Suspense account Cash on hand Oct. 31, 1916 $766 23 $367 85 157 20 13 00 63 00 30 99 22 122 09 $766 23 Miscellaneous. Unlimited. Unlimited. Unlimited. 1 % per month. N o entrance fee. 1 cent on every dollar. W h at fine is charged u p o n paym en ts in arrears W hat fee is charged for transfer of shares . _ ■ • .• • 5 cents on each share. W hat rate of interest is allowed on savings deposits as determined by 6 %. directors . . . None. Rate of dividends paid upon shares during year . . . . $5. Par value of shares . . . • • ■ . • If payable upon the instalment plan, what are the requirements of the by-laws as to p a y m e n t s .......................................................................... Minimum, 25 cents per month on each share. 41. Number of shares subscribed for and in force Oct. 31, 1916 30. Number of members Oct. 31, 1916 . . . . . . 15. Number of borrowers Oct. 31, 1916 . . . . . . First Friday in October. Date of annual meeting fixed b y the b y - l a w s .......................................... Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which may be loaned to any one member Maximum rate of interest which m ay be charged for loans AmouDt of entrance fee, fixed b y the by-laws . . . . . D a t e s oe E x a m in a t io n , January 18-24 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 344 REPORT OF THE [Pub. Doc, SKANDIA CREDIT UNION, WORCESTER. 18 FRANKLIN STREET. Incorporated October 30, 1915. Began business January 1 , 1916. G e o r g e N . J e p p so n , P r e s id e n t . C a r l B. B e n s o n , C le r k o f C o r p o r a t io n . N il s B j o r k , T r e a s u r e r . C. B . B e n s o n , N il s B j o r k , J o h n B o r g , G . N . J e p p s o n , J ohn J o h n so n , S. G . J o h n s o n ; C . E . M a t t s o n , E m il R o l a n d e r , E . G . S u n d ín , R u d o lp h S u n d ín M a r t in S w a n s o n , P. J. S t y f f e , C . J. T h o r n . B o a r d o f D ir e c t o r s : A n d r e w A r v id s o n , C r e d it C om m itte e : V . E . R u n o , W il h e l m F o r s b e r g , L . M . P e t t e r s o n . S u p e r v is o r y C om m itte e : F . J. Q u is t , A l b e r t E r ic k s o n , O. S. S v e n s o n . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans Expense account Interest paid Bonds Cash $43,580 349 475 22,415 17,373 16 72 91 00 60 Shares . . Deposits . . Guarantee fund . Interest received Fines . . . . . . . . $34,194 39 $64,236 17,143 271 2,542 27 02 75 71 64 $84,194 39 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares Deposits Repaid loans Entrance fees Interest Fines Credits to expense D is b u r s e m e n t s . $68,434 20,177 9,976 271 2,542 26 27 34 75 71 64 9 22 Shares Deposits Loans Expenses . Interest paid Bonds Cash on hand Oct. 31, 1916 $101,412 19 $4,197 3,034 53,556 358 475 22,415 17,373 99 25 50 94 91 00 60 $101,412 19 Miscellaneous. Maximum number o ’ shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s of E x a m in a t io n , October 10, 11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 500. Unlimited. $5,000. 8 %. 25 cents. 2 % per month on each dollar or fraction thereof in arrears. None. 4%. None. $5. Minimum, 50 cents per week. 29,384. 1,247. 74. Third M onday in Novem ber. 345 BAN K COMMISSIONER. No. 8.] STATE STREET CREDIT UNION, BOSTON. 296 STATE STREET. Incorporated September 23, 1916. D a v id M e l h a d o , P r e s id e n t . Began business October 7, 1916. M o r t im e r C . G r y z m is ii , T r e a s u r e r . P h il ip R o s e n t h a l , C le r k o f C o r p o ra tio n . M . C . G r t z m is h , H e n r y H e id e r m a n , A b r a h a m J a c o b s , D a v id M e l h a d o , B e n ja m in M il l e r , P h il ip R o s e n t h a l . B o a r d o f D ir e c t o r s : B e n ja m in G l a s s e r , C r e d it C om m itte e : C h a r l e s W e i l , E m a n u e l V a n P r a a g , J o sep h C a p l a n . S u p e r v is o r y C o m m itte e : R e u b e n G r y z m is h , M . D . B r o m b e r g , H e n r y A b r a h a m s . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $64 00 23 25 208 90 Loans Expense account .Cash Shares . . Guarantee fund . Earnings . . . . . . $269 25 25 00 1 90 $296 15 $296 15 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R e c e ip t s . Shares . Repaid loans Entrance fees Interest . . . . . . . $269 11 25 1 25 00 00 90 Loans . . . . Expenses . . . . Cash on hand Oct. 31, 1916 $75 00 23 25 208 90 $307 15 $307 15 Miscellaneous. Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which may be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . *. • • What rate of interest is allowed on savings deposits as determined by directors Raté of dividends paid upon shares during year . . . . Par value of shares .. . . • • . • • • I f payable upon the instalment plan, what are the requirements of tne by-laws as to payments . . _ . . • • Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s op E x a m in a t io n , December 11, 12. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 100. $ 1,000 . $ 200 . 12% . 50 cents. 5 cents per dollar per month. 25 cents per transfer. None yet paid. None. $5. A t option of directors. 55. 51. 5. Second Tuesday in November. 346 REPO RT OF THE [Pub. Doc, ST. ANNE CREDIT UNION, NEW BEDFORD. 95 RUTH AVENUE. Incorporated August 3, 1911., Began business September 5, 1911. F r a n c o is B e r n a r d , P r e s id e n t . A d é l a r d L a n g l o is , T r e a s u r e r . P . D . J a r r y , C l e r k o f C o r p o r a t io n . B oa rd o f D ir e c t o r s : F r a n c o is B e r n a r d , H u g h e s D e s a u t e l s , P . D . J a r r y , A d é l a r d L a n g l o is , N a p o l e o n M e s s ie r . C r e d it C o m m itte e : M ic h e l P a r e n t , L . P . N o r m a n d , L u d g e r S l ig h t . S u p e r v is o r y C o m m itte e : G. J. C a i n , A l e x a n d r e R o b in , N a p o l e o n O u im e t . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans Expense account Cash $36,468 34 435 59 3,526 59 Shares Deposits Guarantee fund Earnings . Entrance fees Cash over . Surplus $12,138 24,623 720 2,377 129 43 66 24 30 60 1 00 440 29 $40,430 52 $40,430 52 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares . . . . Deposits . . . . Repaid loans . . . Entrance fees . . . Interest . . . . Cash over . . . . Cash on hand Oct. 30, 1915 D is b u r s e m e n t s . . . . . . . . $3,363 81 44,026 55 18,335 50 12960 2,377 30 100 323 45 Shares . . . . Deposits Loans . . . . Expenses . . . . Interest on deposits Dividends . . . . Cash on hand Oct. 31, 1916 $68,557 21 $500 30,745 32,559 435 283 505 3,526 41 83 50 59 76 53 59 $68,557 21 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined b y directors . R ate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . Number of borrowers Oct. 31, 1916 . . . . . Date of annual meeting fixed b y the by-laws . . . D a t e s o f E x a m in a t io n , M ay 31-June 2 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . 100. $1,500. $ 1 ,0 0 0 on note, unlimited on mortgage. 10% . cents per share. None. 1 0 cents per share. 20 3J^%. 6 %. $5. Minimum, 10 cents per share weekly. 2,228. 263. 45. Third Thursday in Novem ber. 347 B AN K COMMISSIONER. No. 8.] ST. JEAN BAPTISTE PARISH CREDIT UNION, LYNN. 7 ENDICOTT STREET. Incorporated September 29, 1910. J. O . D . d e B o n d y , T r e a s u r e r . J. H . D o u c e t t e , P r e sid e n t . B o a r d o f D ir e c t o r s : Began business October 7, 1910. O . G in g b a s , C le r k o f C o r p o ra tio n . E . B . D e sk o c h e b s , G . E . L a n g e v in , H . L e b l a n c , O sc a b S im a b d . C r e d it C o m m itte e : P h il ib e b t B e l i v e a u , P a u l L ’E s p e e a n c e , J o sep h L e m u b e , N a p o l e o n R a ic h e . S u p e r v is o r y C om m itte e : G . A . G o d b e a u , P ie b b e L e b l a n c , O. H . H i l s . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $42,903 67 245 96 3,528 6 8 Loans Expense account Cash $23,735 18,931 1,541 2,333 137 Shares Deposits Guarantee fund Earnings Entrance fees 68 06 30 17 10 $46,678 31 $46,678 31 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . Shares_ . Deposits . . . . Repaid loans Entrance fees Interest . . . • Guarantee fund . Cash on hand Oct. 30, 1915 $4,680 15,985 4,983 137 2,333 15 1,231 26 92 19 10 17 26 26 D isbuesements . Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Dividends . . . . Interest . . . . Cash on hand Oct. 31, 1916 $2,630 10,153 11,493 245 980 334 3,528 45 29 49 96 04 25 68 $29,366 16 $29,366 16 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which may be loaned to any one member Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . ■ • .• • W hat rate of interest is allowed on savings deposits as determined by directors . . . • • .• R ate of dividends paid upon shares during year . . . . Par value of shares . • , • • • • . • If payable upon the instalment plan, what are the requirements of the by-laws as to payments . • • • • , • Number of shares subscribed for and in force Oct. 31, 191b Number of members Oct. 31, 1916 . . . Number of borrowers Oct. 31, 1916 ..................................................... Date of annual meeting fixed b y the b y - l a w s .......................................... D a t e s of E x a m in a t io n , June 5-7 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 500. Unlimited. N ot determined. 8 %. 15 cents. None. 25 cents. 3%. 5%. $5. Minimum, 10 cents per share. 4,747. 625. 42. Third Thursday in November. 348 REPO RT OF TH E [Pub. Doc ST. JOSEPH’S CREDIT UNION OF WALTHAM, WALTHAM. 43 CENTRAL STREET. Incorporated January 14, 1913. J. A . T e u d e a u , P r e sid e n t. B o a r d o f D ir e c t o r s : Began business January 20, 1913. t » _ . J o sep h A . D io n , C le r k o f C o r p o r a t io n . J oseph A . D i o n , T r e a s u r e r . P. M . B e l l iv e a u , D . S. C o b m ie r , E d m o u r D i o n , J. A. D i o n , T h e o p h il e G e o f f r io n , P. O. L a c r o i x , J. A . T r u d e a u . C r e d it C o m m itte e : A m b r o is e G ia s s o n , Ja m e s L e B e a n o , P . L . L a n d r y . S u p e r v is o r y C om m itte e : Z. F. L É g e r , E v a n g é l is t e P a t e n a u d e , P . J. G e o f f r io n . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans Cash $6,679 57 1,054 59 Shares Deposits Guarantee Surplus . . . . . . fund . . . . $7,734 16 $4,405 2,676 209 442 65 92 25 34 $7,734 16 Receipts and Disbursements during the Year ending October 31, 1916. R e c e ip t s . D is b u r s e m e n t s . S h a r e s .......................................... $1,111 50 Deposits . . . . . 2,711 87 Repaid loans . . . . 994 38 Entrance fees . . . . 22 20 I n t e r e s t .......................................... 390 42 Cash on hand Oct. 30, 1915 . 564 4 9 S h a r e s .................................................... $1,415 00 D e p o s i t s .......................................... 2,986 70 L o a n s .......................................... 150 00 Expenses . . . . . 5 00 Interest . . . . . 49 89 Dividends . . . . . 133 6 8 Cash on hand Oct. 31, 1916 . 1,054 59 $5,794 86 $5,794 86 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined by directors . . . . . . . . . . . Rate of dividends paid upon shares during year ’ Par value of shares If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 ! ’ Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D a t e s of E x a m in a t io n , M ay 18, 19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 75. Unlimited. 2 , 000 . $ 8 %. 10 cents. 2 % per month. 25 cents. Minimum, $1 per month. 881. 85. 9. Second M onday in November. 349 B A N K COMMISSIONER. No. 8.] ST. MARY’S PARISH CREDIT UNION, MARLBOROUGH. ST. ANTHONY’S SCHOOL BUILDING, BROAD STREET. Incorporated July 9, 1913. Began business August 13, 1913. _ TT D ., . A lphonse B eauch am p , T r e a s u r e r . R . H . B eau d h e au , P r e s i d e n t .pHJiip M a s c h e t e e r e , C le r k 0f C o r p o ra t io n . R . H . B e a u d h e au , F. X . L a r iv ie r h e , L. P. M arch eterr e , Sim eon V all ie r r e . B o a r d o f D ir e c t o r s : A lphonse B e auch am p , C re d it C om m itte e : Joseph B oisse , Z enon D esjardins , H onorius R ou g e au . S u p e r v is o r y C om m itte e : E li V ig e a n t , W illiam W e l l e n , P. H . G r en ie r . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $1,362 00 75 00 1,282 72 Loans Expense account Cash Shares . Deposits . . Guarantee fund . Entrance fees Surplus . . • . . $1,715 865 30 50 58 15 53 00 40 64 $2,719 72 $2,719 72 Receipts and Disbursements during the Year ending October 31, 1916. , D isbu rsem ents . R eceipts . Shares Deposits tepaid loans Entrance fees interest transfer fees Dash on hand Oct. 30, 1915 $961 877 370 19 93 90 06 00 20 09 35 934 32 Shares . Deposits . Loans . . . • Expenses . Interest . . • • Dividends . . • ____ • Cash on hand Oct. 31, 1916 $183 927 825 5 13 18 1,282 40 47 00 40 09 84 72 $3,255 92 $3,255 92 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay maRe Maximum amount which m ay be loaned to any one member Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . W hat fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . • • .• , , ; What rate of interest is allowed on savings deposits as determined oy directors . . . • • .■ R ate of dividends paid upon shares during year . . . . Par value of shares . . . . ■ • . • , •f ' If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . • • • • ■ Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . • Number of borrowers Oct. 31, 1916 . . . . Date of annual meeting fixed b y the by-laws . D a te of E x a m in a t io n , December 14. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 60. $ 200 . N ot determined. N ot determined. 10 cents per share. None. 5 cents. 3% per annum. Minimum, 2 cents per share weekly. 349. 115. First M onday in December. 350 REPO RT OF THE [Pub. Doc. SUFFOLK CREDIT UNION, BOSTON. 42 MAVERICK SQUARE (EAST BOSTON DISTRICT). Incorporated December 14, 1914. Began business January 6 , 1915. „ _ SlSS° N> T r e m r - G e o r g e S e g a l , P r e s id e n t . J a co b S c h w e ig , C le r k o f C o r p o r a t io n . B o a r d o f D ir e c t o r s : P h il ip G l a s s m a n , J. L . K a l is h , J a co b S c h w e ig , G e o r g e S e g a l , E d w a r d S is s o n . C re d it C om m itte e : L ou is D in s f r ie u n d , S. J. A r o n s o n , J a co b S c h w e ig . S u p e r v is o r y C o m m itte e : D . L . H ir s h b e r g , M a x U l in , M a u r ic e K in s l e t . BALANCE SHEET, OCTOBER 31, 1916. Assets. £ oans • ibxpense account Investment . Cash • . Liabilities. • . . . $492 00 28 01 Shares . . . . . Guarantee fund . . . . Earnings . . . . \ Entrance fees . . . F i n e s .......................................... 5 00 ! 434 67 $1,009 68 $919 0 0 8 20 71 88 10 0 0 60 $1,009 68 Receipts and Disbursements during the Year ending October 31, R e c e ip t s . 1916. D is b u r s e m e n t s . ! hare.® , .......................................... $389 00 Repaid loans . . . . 1,162 00 entrance fees . . . . 10 00 Interest . . . - . ! 71 88 Fines . 60 Cash on hand Oct. 30, 1915 j 3 5 3 23 S h a r e s .......................................... $168 0 0 F o a n s .......................................... !,276 0 0 E x p e n s e s .......................................... 13 2 4 Dividends . . . . 4 4 80 Cash on hand Oct. 31, 1916 . ! 484 67 $1,986 71 $1.986 71 Miscellaneous. Maximum number of shares which m ay be held by any one member Maximum amount of deposits which any one member m ay make Maximum amount which may be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . W hat fine is charged upon payments in arrears What fee is charged for transfer of shares . . . 1 . 40. N ot determined. Unlimited. 12% . $ 1. 5 cents per dollar, each month. 25 cents. directors°f interest is allowed on savings deposits as determined bi Rate of dividends paid upon shares during year Par value of shares ! ‘ ’ If payable upon the instalment plan, what are the requirements of th< by-laws as to payments . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 Number of borrowers Oct. 31, 1916 j | D ate of annual meeting fixed b y the by-laws . ! ! i D a t e op E x a m in a t io n , June 27. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis None.' 5%. $5. Minimum, $1 per week. 171. 17. 10. October 30. 351 B AN K COMMISSIONER. No. 8.; TRADERS’ CREDIT UNION, BOSTON. 78 DEVONSHIRE STREET. Incorporated July 1, 1914. Began business October 7, 1914. E d w in J. D r ey f u s , T r e a s u r e r . W il lia m J. Stan to n , C le r k o f C o r p o ra tio n . J oseph N a v iso n , P r e sid e n t . E . J. D r eyfu s ^ M . E ichleb S B K a ntor , Samuel M a gid , Joseph N a v iso n , P eter R atzkoef , W . J. St an to n , M a y e r w e is m a n . B o a r d o f D ir e c t o r s : M a x w e l l C opelof , C re d it C o m m itte e : H a rry B ergson , S ol B ach arach , J. P. M orse . * S u p e r v is o r y C om m itte e : I. F. C a rp e nte r , J. J. G o l u b . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. Loans Expense account Interest paid Cash . . $6,971 773 137 334 59 85 30 62 Shares . Deposits . Guarantee fund . Earnings . Suspense account Bills payable Fines . . . $4,464 1,534 260 799 26 1,000 131 , . 75 31 25 65 45 00 95 $8,217 36 $8,217 36 Receipts and Disbursements during the Year ending October 31, 1916. D isbu rsem ents . R eceipts . Shares Deposits Repaid loans Entrance fees Interest Suspense account Fines Expense account Cash on hand Oct. 30, 1915 75 89 72 25 88 45 30 50 414 38 $1,752 1,344 7,549 80 625 26 96 Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Interest paid on deposit Cash on hand Oct. 31, 1916 $519 465 10,065 399 106 334 50 12 71 28 8? 62 $11,891 12 $11,891 12 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . • .• • What rate of interest is allowed on savings deposits as determined by directors . . . • • .. • Rate of dividends paid upon shares during year . . . . Par value of shares . . . . ■ • . • • . ,, ■ If payable upon the instalment plan, what are the requirements of tne by-laws as to payments . • • i ...• „ Number of shares subscribed for and in force Oct. 31, I9 ib Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D ates of E x a m in a t io n , Septem ber 27, 28. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * One vacancy. 1, 000 . $5,000. $ 200 . 12% . 25 cents per share. 5 cents per dollar per month. 25 cents per transfer. ., None yet paid. $5. 0 7 o- A t option of directors. 892. 192. 82 Third Tuesday in November. 352 REPO RT OF THE [Pub. Doc. UNITED TAILORS’ ASSOCIATION CREDIT UNION, BOSTON. 374 HARRISON AVENUE. Incorporated April 23, 1915. Began business July 19, 1915. D a vid G lu ck ste in , P r e sid e n t . M orris L e v in e , T r e a s u r e r . M orris M a p pe n , C le r k o f C o r p o ra tio n . L. Jacobs , A . L efco , M orris L e v in e , M orris M appen , I. N ie th e rlic k . B o a r d o f D ir e c t o r s : D a v id G ltjckstein , A . Jacobs , C r e d it C om m itte e : N. G il be r t , S. H a rr is , A brah am G old . S u p e r v is o r y C om m itte e : I. W h it k in , I. H. W olf , I. L. F in e . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans . . Expense account Investment Cash . . . . . . $842 74 5 381 00 31 00 58 Shares . . Guarantee fund . Earnings . . Expense account . . . . . . . . . $1,302 89 $1,177 52 67 6 00 72 05 12 $1,302 89 Receipts and Disbursements during the Year ending October 31, 1916. R eceipts . Shares . . Deposits . . Repaid loans Entrance fees Interest . . Fines . . Expense account Cash on hand Oct. . . . . . . . . 30, 1915 D isbursem ents . $999 30 1,675 32 143 11 2 121 00 00 00 00 15 51 50 74 Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Dividends . . . . Entrance fee refunded Investment . . . Cash on hand Oct. 31, 1916 . . . . . . . $3,014 90 $119 30 2,365 75 38 1 5 381 00 00 00 25 07 00 00 58 $3,014 90 M is ce lla n e o u s. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member may make . Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Am ount of entrance fee, fixed b y the by-laws . . . . What fine is charged upon payments in arrears . . . . What fee is charged for transfer of shares . . . . . What rate of interest is allowed on savings deposits as determined by directors . . . . . . . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . _ . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D ates of E x a m in a t io n , September 6, 7. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 10. Unlimited. 100. $ 2 cents per week on each dollar in arrears. None. None. None yet declared. $5. Minimum, 50 cents per week. 235. 49. 24. Last Wednesday in November. bank No. S.] 353 c o m m is s io n e r . WEST END CREDIT UNION, BOSTON. 25 LEVERETT STREET. Incorporated M ay 22, 1912. Began business June 10, 1912. M orris C o h e n , T r e a s u r e r . Jacob D . W h it e , P r e sid e n t . M orris L iptzer , C le r k o f C o r p o ra t io n . B o a r d o f D ir e c t o r s : H . A d e l m a n , M a x C oh e n , M orris C o h e n , L ouis E ddelm an , C harles F efer uing , 1 ! S G olT ber g , C harles G¿LUB, J. J. G olub , Jacob G oodman , L ouis K a n d a l l , J. D . W h ite . C re d it C o m m itte e : M orris B or nstein , E . D om esheck , S. G a m m er m an . S u p e r v is o r y C om m itte e : I saac B a r n e tt , B enjamin B rooker , M a x C ooper . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $28,070 1,261 5 4,074 Loans Expense account Other assets Cash 14 28 00 87 Shares . . Deposits . . Guarantee fund . Earnings . . Entrance fees Suspense account . . . . • . $27,822 629 921 3,661 369 7 72 22 13 99 00 23 $33,411 29 $33,411 29 Receipts and Disbursements during the Year ending October 31, 1916. D is b u r s e m e n t s . R eceipts . Shares . Deposits . Repaid loans Entrance fees Interest . Fines . . . . M oney borrowed Cash on hand Oct. 30, 1915 $17,194 698 49,455 369 3,381 280 300 2,845 55 57 94 00 20 79 00 54 Shares . Deposits . Loans . . . . Expenses . . . . M oney borrowed Dividends paid . Suspense account Other disbursements . Cash on hand Oct. 31, 1916 $74,525 59 $5,281 668 61.901 1,261 300 1,027 5 5 4,074 98 85 39 28 00 06 16 00 87 $74,525 59 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member may make Maximum amount which m ay be loaned to any one member Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws • What fine is charged upon payments in arrears • W hat fee is charged for transfer of shares . _ • • .• , , • W hat rate of interest is allowed on savings deposits as determined by directors . . • • Rate of dividends paid upon shares during year . . . . Par value of shares . . . . • • . ■ . •. If payable upon the instalment plan, what are the requirements of the by-laws as to payments . • ■ ■ • • Number of shares subscribed for and m force Oct. 31, 1916 Number of members Oct. 31, 1916 • • • • • ' Number of borrowers Oct. 31, 1916 . . . • • • Date of annual meeting fixed b y the b y - l a w s .......................................... D ates o r E x a m in a t io n , March 6 -9 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Unlimited. Unlimited. Unlimited. 8% . $3. 1 cent per week on each dollar. None. Minimum, 50 cents per week. 5,210. 442. 329 First M onday in November. 354 REPO RT OF THE [Pub. Doc. WHITSON CREDIT UNION, BOSTON. 570 RUTHERFORD AVENUE (CHARLESTOWN DISTRICT). Incorporated March 5, 1915. Began business March 10, 1915. John M . R a ym o n d , P r e sid e n t . S. G. B i x b y , T r e a s u r e r . S. G. B i x b y , C le ric o f C o r p o ra t io n . B o a rd , o f D ir e c t o r s : C re d it C om m itte e : S. G. B ix b y , J. H . D u n n , M arth a J. M . R aym o n d . J. H. Su l l iv a n , T. P. W a ll a ce , S. G a ll a g h er , G eorge H ar m o n , Joseph D e itc h . S u p e r v is o r y C om m itte e : N ellie M . M cQ ue sto n , John E llar d , A. E . R ichardson . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans . . . . . Expense account Credit Union shares Credit Union deposits . Interest paid on deposits Deposits in savings banks and trust companies . . . . $3,314 12 10 300 5 18 27 00 00 40 1,032 38 Shares . . . . Deposits . . . . Guarantee fund . Interest and commissions Entrance fees Fines . . . . $4,116 275 24 244 9 2 $4,674 23 61 50 94 48 75 95 $4,674 23 Receipts and Disbursements during the Year ending October 31, 1916. R eceipts . Shares . . . . . Deposits Repaid loans . . " Entrance fees . . . . Interest . . Fines . . . . . Commissions . . . . Cash on hand Oct. 30, 1915 D isbursem ents . ’ ' ’ $3,861 300 4,612 19 213 2 30 1,151 65 00 38 25 84 95 64 01 Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Interest on deposits Dividends on shares Cash on hand Oct. 31, 1916 $10,191 72 . . W hat fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined bv directors . . . . . . . . . . Rate of dividends paid upon shares during year Par value of shares . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 19i6 Number of members Oct. 31, 1916 . . ». Number of borrowers Oct. 31, 1916 . . . ! ] ' Date of annual meeting fixed b y the by-laws . . . . . D ates of E x a m in a t io n , June 20, 21. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 54 50 56 27 40 07 38 $10,191 72 M is ce lla n e o u s. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which may be loaned to any one member Maximum rate of interest which may be charged for loans Amount of entrance fee, fixed b y the by-laws . What fine is charged upon payments in arrears . . $2,650 296 5,838 12 5 56 1,332 50. Unlimited. $50 in excess of paid up shares and deposits. 12%. 50 cents. 5 cents on each dollar due at end of month. 25 cents. 4% ; 6% on Christmas Club. Minimum, 25 cents per week. 814. 103. 39. Second Tuesday in November. 355 BAN K COMMISSIONER, No. 8.] WINTHROP CREDIT UNION, WINTHROP. 192 WINTHROP STREET. Incorporated July 19, 1915. Began business July 28, 1915. E lmer E . D a w s o n , P r e sid e n t . . E u g en e P. W hittier , T r e a su r e r . E ug en e P. W h itti Er , C le r k o f C o r p o ra t io n . C. S. A dams , H. C. B artlett , E. E. D a w s o n , T . J. D on o v an , N elson F loyd , L. E. G r iff in , C. A . H agm an , W . E . H e w it t , R . A . L a n g , T . J. M a h o n e y , H . M . M c N e il , C. P. P ik e , H. A . R oot , J. J. Sa u n t r y , E. P. W h itt ie r . B o a r d o f D ir e c t o r s : C r e d it C om m itte e : P. B. C hurchill , M . A . B elcher , S u p e r v is o r y C om m itte e : J. H . T otman . H. W . A ik e n , D . G. F r ee m an , K . C. B r o w n . BALANCE SHEET, OCTOBER 31, 1916. A ssets. $1,400 75 72 20 939 66 Loans Expense account Cash Shares Deposits Guarantee Earnings Fines . . . . fund . . . . . L ia b ilitie s. . . . . $2,090 57 118 142 5 . . 00 00 25 01 35 $2,412 61 $2,412 61 Receipts and Disbursements during the Tear ending October 31, 1916. D isbu rsem ents . R eceipts . Shares . . . . . Deposits . . . . . Repaid loans . . . . Entrance fees . . . . Interest . . . . . Fines _. . . . Other receipts . . . . Cash on hand Oct. 30, 1915 . . $1,401 64 57 00 1,677 25 75 25 140 01 5 35 20 37 54 Shares . . . . Loans . . . . Expenses . . . . Other disbursements . . Cash on hand Oct. 31, 1916 . . . $24 64 2,405 00 24 84 10 939 66 . . $3,394 24 $3,394 24 Miscellaneous. Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . What fine is charged upon payments in arrears . . . . . What fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined b y directors . . . . . . . . . . . R ate of dividends paid upon shares during year . . . . Par value of shares . . . . . . < . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . .' Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 Date of annual meeting fixed b y the by-laws . . . . . D ate of E x a m in a t io n , September 22. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 50. $500 $100 without collateral; $300 with collateral. 1 % per month. 25 cents. 5 cents per dollar or fraction thereof. 25 cents. N ot determined. None. $5. , 50 cents per week. 370. 47. 14. Second W ednesday vember. in N o 356 REPO RT OF THE [Pub. Doc. WORCESTER CENTRAL LABOR CREDIT UNION, WORCESTER. 62 MADISON STREET. Incorporated July 17, 1915. Began business August 10, 1915. B ernard A. S u n d ín , P r e sid e n t. W alter F. R ea d , C le r k o f C o r p o ra tio n . W alter F. R e a d , T r e a su r e r . J. B ach and , T. J. C onlon , B. F. G ordon , W . J. G uil fo yl e , J. E . H effron , O liver Jon ah , P eter L a v in , P. J. L e a r y , J. H. L o u gh lin , M . J. M c C a rth y , T . F. M c M a n u s , P. A. O ’R e il l y , W . F. R ea d , G. I. R ock , B. A. S u n d in . B o a r d o f D ir e c t o r s : M . C re d it C om m itte e : M . F. G arr ett , W. H. S u l l iv a n , W . H. H a sk in s . S u p e r v is o r y C om m itte e : F . M . S a l t u s, C . J. C arm o d y, J . S . N o o n a n . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans Expense account Interest paid Cash $3,057 80 149 35 05 1,585 47 Shares Deposits Guarantee fund Interest Fines $1,411 3,193 27 157 $4,792 67 R eceip ts a n d D is b u rs em en ts 91 80 25 01 70 $4,792 67 the Year ending October 31, 1916. R eceipts . D isbu rse m e nts . S h a r e s .................................................... $1,246 31 D e p o s i t s .......................................... 6,020 06 Repaid loans . . . . 1,742 20 Entrance fees . . . . 14 00 I n t e r e s t .......................................... 156 62 Fines . . . . . 60 Cash on hand Oct. 30, 1915 . 96 90 Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Interest paid . . . Cash on hand Oct. 31, 1916 $9,276 69 . . . . $166 3,094 4,323 107 . . 75 01 00 41 05 1,585 47 $9,276 69 M is cella n eou s. Maximum number of shares which may be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . W hat fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of shares . . . . . W hat rate of interest is allowed on savings deposits as determined by directors . . . . . Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . D ate of E x a m in a t io n , October 9. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 25. $ 2 , 000 . $500. 12%. 25 cents. 5 cents for every dollar. 50 cents. 4%. 4% . $5. Minimum, 25 cents per week. 510. 120. 46. Second Tuesday in November. No. 8.] 357 BAN K COMMISSIONER. WORCESTER CREDIT UNION, WORCESTER. 66 HARRISON STREET. Incorporated June 5, 1911. A be M aze r , P r e sid e n t . Began business June 5, 1911. A braham B e r k o w itz , T r e a s u r e r . A braham L e v y , C le r k o f C o r p o r a t io n . B o a r d o f D ir e c t o r s: H a rry B a b it t , A be B e rk o w itz , A be F isher , H y m a n Josephs , H y m a n L eder man, A be L e v y , A be M aze r , H a rr y P a r k e r , Sam W olfgang . C r é d it C om m itte e : A be Joseph , J oseph C oh e n , Joseph Z a b a r sk y , A be G oldstein , ï) ath an C a n n o n . S u p e r v is o r y C om m itte e : H arry Sa v a t s k y , H y m a n M atosoff , R alph B ogage . BALANCE SHEET, OCTOBER 31, 1916. Liabilities. Assets. $34,865 00 2,747 24 1,646 78 Shares Deposits Guarantee fund . $36,310 00 140 00 2,809 02 Loans Expense account Cash , $39,269 02 $39,269 02 Receipts and Disbursements during: the Year ending October 31, 1916. D isbu rsem ents . R eceipts . Deposits . Repaid loans Entrance fees . . $17,065 4,105 73,651 17 3,436 29 1,876 . Cash on hand Oct. 30, 1915 00 05 50 00 21 85 96 Shares . . . . Deposits . . . . , Loans . . . . Expenses . . . . Interest rebated . . . Entrance fees refunded Dividends . . . . Cash on hand Oct. 31, 1916 $7,400 3,839 83,019 986 101 8 2,016 2,809 . ' . . . . 00 63 00 99 78 25 90 02 $100,181 57 $100,181 67 Miscellaneous. Maximum Maximum Maximum Maximum number of shares which may be held b y any one member . amount of deposits which any one member may make amount which m ay be loaned to any one member . rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . What fine is charged upon payments in arrears . . . . . . . . W hat fee is charged for transfer of shares . . •. What rate of interest is allowed on savings deposits as determined by directors . . . • • Rate of dividends paid upon shares during year . . . . Par value of shares . . . . . . . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 . . . . . . Date of annual meeting fixed b y the by-laws . . . . . D ate of E x a m in a t io n , June 12. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 40. Unlimited. $300. 6% on instalment and 8% on standing loans. 25 cents. 10 cents on each dollar in arrears for 3 consecutive weeks. None. Same as on shares. N o provision. 6,973. 693. 400. Second week in November. 358 REPO RT OF TH E [Pub. Doc. WORKERS’ CREDIT UNION, FITCHBURG. 48 WALLACE AVENUE. Incorporated April 17, 1914. Began business April 22, 1914. F rans J. Sy bja la , P r e sid e n t . John Su o m in e n , T r e a s u r e r . W illiam M a b k k a n e n , C le r k o f C o r p o r a t io n . B o a r d o f D ir e c t o r s : Y bjo H a lo n e n , W illiam M a b k k a n e n , H e bm an O ik e m u s , F. J. S y b ja la , W ebn er T ik k a l a . C r e d it C om m itte e : V ictor A n n a l a , W illiam O k sa n e n , D a vid H e ik k il a , Siim es S a l m in e n , V ille Sa lm i . S u p e r v is o r y C om m itte e : A. J. P a r t a n , K . G. L indstbom , E bo B ov e ll a n . BALANCE SHEET, OCTOBER 31, 1916. Assets. Liabilities. Loans Cash . $145,732 80 22,386 05 Shares Deposits . . . . Guarantee fund . Profit and loss account $4,150 161,504 2,000 464 $168,118 85 0Û 62 00 23 $168,118 85 Receipts and Disbursements during the Year ending October 31, 1916. R eceipts . Shares . . Deposits . . Repaid loans Entrance fees Interest . . Cash on hand Oct. . . . . . . 30, 1915 D isbu rse m e nts . $2,575 153,111 21,391 256 5,348 1,547 00 92 65 50 80 54 Shares . . . . Deposits . . . . Loans . . . . Expenses . . . . Interest on deposits Cash on hand Oct. 31, 1916 $184,231 41 . . . . $310 45,460 112,287 1,185 2,601 22,386 00 58 95 83 00 05 $184,231 41 Miscellaneous. Maximum number of shares which m ay be held b y any one member . Maximum amount of deposits which any one member m ay make Maximum amount which m ay be loaned to any one member . Maximum rate of interest which m ay be charged for loans Amount of entrance fee, fixed b y the by-laws . . . . . What fine is charged upon payments in arrears . . . . W hat fee is charged for transfer of ^shares . . . . . W hat rate of interest is allowed on’ savings deposits as determined b y directors . . _ . Rate of dividends paid upon shares during year . . . . Par value of shares . . . If payable upon the instalment plan, what are the requirements of the by-laws as to payments . . . . . . . . Number of shares subscribed for and in force Oct. 31, 1916 Number of members Oct. 31, 1916 . . . . . . Number of borrowers Oct. 31, 1916 Date of annual meeting fixed b y the by-laws . . . . . D ates of E x a m in a t io n , August 14-16 inclusive. https://fraser.stlouisfed.org Federal Reserve Bank