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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,


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Federal Reserve Bank of St. Louis

32 D E R N E STR EET.
1917.


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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.


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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 ........................................
►


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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.


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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.


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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.


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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


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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.


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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.


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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.


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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


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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


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


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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


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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,


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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


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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


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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.


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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.


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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.


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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


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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.


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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.


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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.


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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.


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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.


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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.


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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.


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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.


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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.


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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.


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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.


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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


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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.


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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.


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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.


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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

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Federal Reserve Bank of St. Louis

!

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^

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$ "M-*

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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