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Public Document No. 8 ANNUAL REPORT OF THE BANK COMMISSIONER 1918 P a r t I R E L A T IN G TO SAVINGS BANKS, INSTITUTIONS FOR SAVINGS, TRUST COMPANIES AND FOREIGN BANKING CORPORATIONS BOSTON W R IG H T & PO TTER P R IN T IN G CO., STA TE PRIN TER S https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 32 D E R N E STR EET 1919 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P ublication op this D ocument A PPRO VED B Y THE Supervisor of A dministration . 'b 'b 'Z - 1 1 ç - V '' ©Ije Commomocaltt) of Hlassactjusetts. O ffice of the B ank C ommissioner , S tate H ouse , January 15, 1919. To the General Court o f Massachusetts. The annual report of this department is herewith submitted under the requirements of section 15, chapter 590, Acts of 1908, and exhibits the condition of savings banks, co-operative banks, credit unions and savings and loan associations as disclosed by their annual returns of October 31, 1918, and also of trust companies at the date of each of the five calls during the past year. The complete report will, as heretofore, consist of two parts: Part I. relating to savings banks and trust companies, and Part II. relat ing to co-operative banks, credit unions, and savings and loan associa tions. The customary consolidated statements covering transactions of savings banks and trust companies appear in this report. G enekal Statement . The aggregate assets of the various companies or individuals under the supervision of the department, compiled from their last reports, are as follows: — Increase. Assets. 196 savings banks, . . $1,132,563,108 35 102 trust companies: — In their commercial departments, 673,064,247 51 In 72 savings departments, 77,975,995 72 In 48 trust departments, . . . . 148,680,760 71 186 co-operative banks, . . . . . 140,201,033 98 3 savings and loan associations, 2,250,052 87 Massachusetts Hospital Life Insurance Company, 31,573,630 10 1 foreign banking corporation, 937,300 95 59 credit unions, . 1,977,778 94 73 steamship agents, receiving deposits of . 2,838,636 80 1 state bank, . . . . . . 359,339 17 622 institutions and agents under the supervision of this department, . . . . $2,212,421,885 10 Total increase, . . . . . 1 Increase for tl https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis >ined departments. $18,675,723 48 J 123,934,870 4 8 1 ' 13,505,997 105,332 130,355 295,415 730,193 876,985 206,132 29 34 18 782 47 21 65 $157,870,174 32 2 Decrease. IV REPO RT OF THE [Pub. Doc. The year that has just elapsed has been one of the most trying and eventful years in the history of modern banking. During that period the bankers of this Commonwealth have not only been com pelled to solve their own problems, but, with their working forces depleted by the draft, they have been called upon to conduct the sale of Liberty Bonds and other government securities on behalf of the national government. At the beginning of the year there were many who were filled with dark forebodings, believing that the difficulties to be encountered were almost insuperable; but the obstacles that loomed so large have been overcome, the problems which seemed so intricate have been solved, and the fact that this country has emerged from a suc cessful war without the slightest apparent financial stress or strain is due in a large measure to the courage, co-operation and resource ful intelligence, without class distinction, of the bankers of this Commonwealth, and they are to be congratulated upon having maintained the high record of the past. According to statistics prepared by the Comptroller of the Cur rency as of June 30, 1918, the total resources of the national banks of the United States amounted to $17,839,000,000, and the aggregate resources of the national and State banks, savings banks, private bankers and trust companies amounted to $40,210,000,000. From these statements it would appear that the resources of the institu tions under the supervision of the Bank Commissioner of this Com monwealth were equal to approximately 12| per cent, of the resources of all the national banks in the country, and to more than 5 per cent, of the total banking resources of the United States. These figures demonstrate the extent to which the banking system of this Commonwealth has been adapted to the needs of its people, its business and commerce, and the confidence that it has inspired. They are all the more noteworthy when we consider the various measures passed, recently pending or proposed at Washington for the avowed purpose of enabling national banks to compete with State banking institutions. The strength of the banking system in this Commonwealth has been due to its adaptation to local needs and changing conditions, and to the fact that it has sought to promote intelligently the busi ness and commerce of the Commonwealth and to aid the nation in assuming its proper place in international commerce. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. v The 196 savings banks doing business report assets amounting to over $1,132,560,000 and deposits amounting to over $1,033,892,000, represented by 2,486,834 accounts, an average of about $415.75 to each account. During the year there has been placed to the credit of depositors more than $42,150,000 in dividends. The guaranty fund, amounting to $50,426,647, is 4.88 per cent. of the amount of deposits. The increase in the deposits has been over $11,550,000. There are 102 trust companies with combined assets of $899,721,003.94, of which $673,064,247.51 are the assets of their commercial banking departments, $77,975,995.72 the assets of their savings de partments and $148,680,760.71 the assets of their trust departments. There are now 186 co-operative banks doing business in this Com monwealth with total assets of about $140,201,000, belonging to about 249,000 shareholders. There are 59 credit unions doing business, with aggregate assets of $1,977,778.94, showing an increase during the past year of $730,193.47 in assets and of 3 in number. The combined assets of the savings banks, the trust companies and the co-operative banks, together with the Massachusetts Hospital Life Insurance Company and the branch of the Bank of Nova Scotia, all of which are under the supervision of this department, amount to $2,204,996,077.32. This is an increase of more than $155,951,530.65 since a year ago. The number of depositors and shareholders who have availed themselves of these banking facilities is about 68,500 greater than a year ago. In addition to these 486 institutions which do a banking business as ordinarily understood, there are 1 State bank, 3 savings and loan associations, 73 steamship agents who receive deposits of money for safekeeping or transmission abroad, and 59 credit unions whose affairs are supervised and whose books and accounts are examined, making a total of 622 institutions and agents under the supervision of this department. There has been paid over to the Treasurer and Receiver-General during the year about $40,000, which was received by this department as fees for audits, license fees from steamship agents and fees for registration of public accountants. During the period covered by this report the Department has been asked at various times to co-operate both with the Comptroller of the Currency and with the officers of the Federal Reserve Bank of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis VI REPO RT OF TH E [Pub. Doc. Boston in obtaining information deemed necessary for the national welfare, to the end that the banking resources of the country might be placed at the disposal of the national government to the fullest extent during the period of the war and that measures necessary to strengthen and maintain the financial structure be taken ad visedly. The co-operation requested has been freely given and the interchange of views resulting therefrom has been mutually helpful. The Department was represented by the Commissioner, Deputy Commissioner and chiefs of the Savings Bank Division and the Co-operative Bank Division at the convention of the National Association of Supervisors of State Banks, which was held at Hot Springs, Ark., on the twenty-third, twenty-fourth and twenty-fifth days of M ay, 1918. This association has wielded a constantly in creasing influence in the banking affairs of the nation, and the enactment of wise banking laws and the adoption of various measures for the protection of depositors have been promoted by it. The Commissioner was appointed upon a special committee named to co-operate with the State banking institutions of the various States in the establishment of a nation-wide association of State institu tions in order to promote sound banking legislation, both State and national. The work of this committee resulted in the organization, at a meeting attended by bankers from over thirty States and held in St. Louis, M o., on July 15, 1918, of the United States Council of State Banking Associations. The wide scope of this organization as conceived by its originators is indicated by the fact that the first president elected was a prominent banker of Los Angeles, Cal., while the secretary of the association is connected with one of the large trust companies of New York city. The first members of the Council were chosen by Federal Reserve districts. I ought, perhaps, to mention at this time that, as a natural out growth of the acquaintances formed at the conventions of the National Association of Supervisors of State Banks and the inter change of opinions at these conventions, there have been throughout the period of the war numerous conferences between the supervising officers of the New England and Middle Atlantic States which have been, in my judgment, of great benefit to the supervising officers, to the institutions under their supervision and to the general public, and have also had considerable influence upon measures taken at Washington in connection with the financing of the war. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. Vll At the time the first Liberty Loan was issued there was grave apprehension of its effect upon savings deposits. The superintendent of banks of New York called a conference of the bank commissioners of New England and the Middle Atlantic States to consider what action, if any, could be taken to protect savings bank interests. At this conference the commissioners memorialized the Secretary of the Treasury, setting forth the investments of savings banks in real estate mortgages and the hardship which would result if pay ment was demanded, and suggesting that relief might be afforded by the government in case the savings banks had to borrow money to meet withdrawals. The Secretary of the Treasury was responsive to this appeal, and considered it in framing the war finance corpora tion bill. When that measure was before the finance committee of the United States Senate, Senator Gallinger secured a hearing for representatives of the bank commissioners of these several States. Mr. Thorndike of Massachusetts and Mr. Lyford of New Hampshire appeared before this committee in behalf of their associate bank commissioners, outlining the situation of the savings banks and sug gesting amendments to the war finance corporation bill, and the bill was so amended that savings banks can borrow through this corpora tion for a length of time and at a rate of interest that is satisfactory to them. Fortunately no occasion has arisen requiring the savings banks to borrow money aside from temporary accommodations ob tained from their regular correspondents or depositories. Very few banks have had to ask for accommodation, the calls of their de positors being readily met from their ordinary receipts. National legislation has been proposed under which national banks may enter into fields which have heretofore been left entirely to State banking institutions. According to some recent recommenda tions emanating from Washington, while the plan for uniform nation-wide department banks has been temporarily abandoned, State institutions are not to be left to exercise their special powers without competition. Encroachments upon their special powers are to be authorized and legalized, even if it is necessary to destroy the uniformity now existing in the national banking system. If these later theories be enacted into law, whenever a State has conferred upon any of its financial institutions the power to act in a fiduciary capacity, the national banks of that State will also have these powers, even if their exercise is not safeguarded in like https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Vlll REPO RT OF THE [Pub. Doc. manner. If in any State the State banks are permitted to have branches, the national banks will in that State also be permitted to maintain branches. If in any State there has been created a great system of mutual savings banks, in that State the national banks, although not mutual but operated for the profit of shareholders, will be authorized to call their interest departments savings depart ments, and so appropriate the word which has for a generation or more been synonymous in this State with mutual institutions created under State laws. These deposits, moreover, will not be segregated, nor will the entire net income from investments be distributed among the depositors. It does not seem to me that the national banking system needs so much paternalism and avowed protection. In fact, it may be questioned if the national banks do not really suffer from so many alleged and widely advertised attempts to promote their interests. In this Commonwealth, at least, the national banks are able to protect themselves and are worthy of the utmost confidence and respect. National and State institutions have constantly and con sistently co-operated to promote the general welfare, and during the war have united in giving patriotic support to the national govern ment by financing the various Liberty Loans. They have, whenever necessary, taken concerted action for the purpose of promoting and sustaining the business and commerce of the State and of the entire country. When left to themselves there is no quarrel between them. The national banking act was designed to give to the United States a uniform system of commercial banks adapted to the needs of every part of the country. In order to distinguish them from State institutions and give them the advantage of such reputation as they might earn, they were given the exclusive right to the use of the word “ national.” They were also given the power to issue currency secured by bonds of the national government upon prof itable terms, and the State banks, by prohibitive taxation, were compelled to forego the privilege of issuing currency. So well have the national banks fulfilled the purposes for which they were designed that the name national bank is in itself an advertisement. It has become a title of honor, descriptive throughout the United States of uniform and well-defined banking institutions, and the national banks might to-day well resent the theory that they need such constant solicitude and assistance from official sources. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. IX In the meantime, however, in various sections of the country State institutions have been developed to meet the special business and commercial needs of different localities. Their special powers, however, are attended by special risks, and safeguards against such risks have, as the result of experience, been embodied in the State laws which cannot be readily inserted in Federal acts applicable to the entire country. As the national banks were intended to be strictly commercial banks, they were prohibited from making long term loans upon real estate security, and they did not solicit the small deposits of industrious laborers and wage-earners of other classes or pay interest thereon. As a consequence, mutual savings banks have been developed in the northeastern and middle States to encourage thrift by investing the small savings of the people for them and returning to them the profits derived from such invest ments after deducting expenses and so much of the earnings as is deemed necessary to guarantee the safety of deposits during periods of depression. In order that their deposits might be safely used for the development of the communities in which the funds were ac cumulated, the trustees of these mutual institutions were originally authorized to invest in high-grade mortgages; they were also au thorized to invest in bonds of the United States, of the wealthiest and most populous States and in very high-grade municipal securi ties. The system was developed to such an extent that further in vestments became necessary, and the savings banks were authorized to assist in the development of the entire country by investing a portion of their deposits in the high-grade railroad bonds. The laws under which these mutual savings banks have operated are so restrictive and the system of supervision evolved has been so efficient that, although the mutual savings banks of Massachusetts alone now have total resources of $1,132,563,108, in a period of nearly thirty years, only seven savings banks have been closed by the bank commissioners with any loss to depositors, and the losses, when com pared with the vast amount of deposits received and returned during that period, are of course almost infinitesimal. It would be impossible to estimate their importance in developing the real estate resources of the Commonwealth. Their present out standing mortgages aggregate $529,887,256. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF THE X [Pub. Doc. L iberty L oan B onds . The patriotism of all the institutions under the supervision of this department is indicated by their subscriptions to the Liberty Loans, which they are either holding as investments or for selling on the partial payment plan to their patrons. The aggregate subscriptions for the First, Second, Third and Fourth Liberty Loans were approximately as follows : — Savings b a n k s , .............................................................................................$53,999,522 00 Trust c o m p a n i e s , ................................................................................... 19 26,478,067 Co-operative banks and savings andloan associations, . . 2,653,232 93 Massachusetts Hospital Life Insurance Company, . . 1,087,409 19 . Credit u n i o n s , ............................................................................................ 41,150 00 Foreign b a n k e r s , ................................................................................... 294,600 00 $83,466,572 12 In addition to the above, $54,371,050 United States Certificates of Indebtedness were held by all the institutions on October 31, 1918. W ales Savings B a n k . The final liquidation of the affairs of this bank awaits the disposi tion of one estate upon which the bank holds a mortgage. The original borrower being deceased, the process of settling this estate is in progress. This bank has already paid its depositors in full. B oard of B ank I ncorporation. Trust Companies. The following trust companies have commenced business during the year 1918: — Brockton Trust Company. Winthrop Trust Company. Permission has been granted by the Board of Bank Incorporation to the following trust companies to establish a branch office: — https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Everett Trust Company. Hanover Trust Company. Highland Trust Company. xi BAN K COMMISSIONER. No. 8.] Certificates were issued by the same Board to the following trust companies that public convenience and advantage would be promoted by the establishment of said trust companies, but said companies have not commenced business: — Fall River Trust Company. Roxbury Trust Company. Textile Trust Company. This department, in connection with and in addition to the usual examination of trust companies, has audited the books and accounts of 61 trust companies, which by their stockholders’ examining com mittees availed themselves of the provisions of chapter 409 of the Acts of 1913. At the end of the last fiscal year 7 trust companies had become members of the Federal Reserve system. As a result of appeals to the trust companies on the ground of patriotism, and their belief that the Federal Reserve Bank of Boston should be strengthened in order to meet all emergencies resulting from the war, 13 more trust companies have become members of that institution, making a total of 20 trust companies that are now members of the Federal Reserve Bank. M atured Shares in C o- operative B anks . By an act of Legislature passed in 1915 co-operative banks were permitted to allow members whose shares have reached the matured value of $200 each the option of leaving some of these shares as an investment in the bank. Shareholders in 77 co-operative banks have availed themselves of this privilege, and these shareholders own 30,120 shares, valued at $6,024,000. These matured shares, upon which no periodical pay ment of dues is required, are represented by matured share certifi cates, and the return to the shareholders owning them is about one-half per cent, less than the regular dividend credited to those shareholders who pay monthly dues on unmatured shares. E xamination of the A ffairs G eneral of the of the T reasurer and R eceiver - C ommonwealth . The examinations made by this department during the year were as follows: — The first examination was made as of the close of business January 21, 1918, in behalf of the joint committee on ways and means as https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Xll REPO RT OF TH E [Pub. Doc. required by chapter 414 of the Acts of 1908, and the second was made as of the close of business October 10, 1918, in accordance with the provisions of section 68 of chapter 6 of the Revised Laws, at the request of the Governor and Council. Savings B ank L ife I nsurance . The tenth full financial year of Savings Bank Life Insurance ended October 31, 1918. This report includes the annual statement for the year of the four banks which have undertaken the business of life insurance under chapter 561 of the Acts of 1907. The four banks are the Whitman Savings Bank of Whitman, the People’s Savings Bank of Brockton, the Berkshire County Savings Bank of Pittsfield and the City Savings Bank of Pittsfield. These banks issued and revived during the year ending October 31, 1918, 9,122 policies, representing $3,610,795 of insurance. The net gain is 3,027 policies for $1,643,970 of insurance. There were in force in all four banks on October 31, 1918, 20,707 policies for $9,783,239 insurance, with 104 annuities representing annual pay ments of $30,268. These banks are prohibited from employing solicitors or house-tohouse collectors of premiums. The largest single portion of the expense to the policy holder is thus removed. The savings bank life insurance plan appeals to the people on the basis of thrift, and especially to the savings bank depositors. It is recognized that some inexpensive substitute must be provided for the soliciting agent, consequently the banks are permitted to establish agencies through out the State in mills, shops and factories, and public places, in cluding other savings banks and trust companies. The mechanism whereby these agencies serve as feeders to the insurance banks is simple: an employer becomes an agency for the insurance banks by signing agency agreements in which he agrees to collect the premiums from his employees on their policies and remit them to the banks once a month. The employer appoints an agency secretary, usually the paymaster, and the agency is entitled to 2 per cent, of the collections so made. M ost of the employers waive this collection fee in order that they may say to their employees that the service is rendered absolutely without compensation to the employer, while other employers take the collection fee and give it as additional compensation to the agency secretary. The employee usually signs I * https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BAN K COMMISSIONER. X lll an authorization which is handed to the paymaster and authorizes him to deduct the amount of the premium from the pay envelope when the premium comes due. Thus the evil of lapsing policies, which was ever-present in the private industrial companies, and formed a large part of the cause of the high cost of insurance, is mitigated in the banks; and the initiative to lapse the policy is placed on the employee, because his authorization acts until he revokes it, whereas in the companies the policy holder must take the initiative to pay his premium; if he does not, his policy lapses. Premiums are also paid direct to the banks or to a public agency. There are to-day throughout the State about 250 agencies in mills, shops and factories; there are 45 savings bank public agencies, 20 in trust companies, 2 in national banks, and 14 other public agencies. The public agencies in banks and trust companies are: — Assabet Institution for Savings, M a y nard. Haydenville Savings Bank. Holyoke Savings Bank. Attleboro Trust Company. Hudson Savings Bank. Belmont Savings Bank. Hyde Park Savings Bank. Beverly Savings Bank. Lawrence Savings Bank. Beverly Trust Company. Ludlow Savings Bank. Bridgewater Savings Bank. Malden Trust Company. Brighton Five Cents Savings Bank. Marlborough Savings Bank. Cambridge Trust Company. Melrose Savings Bank. Cambridgeport Savings Bank. Merrimac Savings Bank. Cape Ann Savings Bank, Gloucester. Middleborough Trust Company. Central National Bank, Lynn. Monson Savings Bank. Charlestown Trust Company. Natick Five Cents Savings Bank. Chicopee Savings Bank. Needham Trust Company. Chicopee Falls Savings Bank. Newburyport Cosmopolitan Trust Company, Boston. Five Cents Savings Bank. County Savings Bank, Chelsea. Newton Trust Company. Dorchester Trust Company, Boston. N orth Adams Savings Bank. East Bridgewater Savings Bank. North Middlesex Savings Bank, Ayer. East W eym outh Savings Bank. Norwood Trust Company. Essex Trust Company, Lynn. Palmer Savings Bank. Everett Trust Company. Plymouth Five Cents Savings Bank. Florence Savings Bank. Provident Foxborough Savings Bank. Institution for Savings, Amesbury. Framingham Trust Company. Quincy Trust Company. Gardner Savings Bank. Randolph Trust Company. Great Barrington Savings Bank. Rockland Savings Bank. Greenfield Savings Bank. Salem Trust Company. Grove H all Savings Bank, Roxbury. Shelburne Falls Savings Bank. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis XIV REPO RT OF TH E [Pub. Doc. South Weym outh Savings Bank. Ware Savings Bank. Stoneham Five Cents Savings Bank. W a s h i n g t o n Savings Institution, Tremont Trust Company, Boston. Lowell. Union Market National Bank, W atertown. W eym outh Savings Bank. Union Trust Company, Springfield. Woronoco Savings Bank, Westfield. Webster Five Cents Savings Bank. W altham Trust Company. Ik Chapter 246 of the Acts of 1914 amended section 15 of chapter 561 of the Acts of 1907 by requiring the mortality experience of all savings and insurance banks to be averaged and unified, so that it makes no difference in what bank a death occurs, it is distributed over all banks. This applies only to the mortality experience and is in the interest of greater security. In all other respects the in surance departments are separate in their operation. The invest ments are in the same kind of securities as those of the savings banks. The system is entirely mutual and dividends are paid to policy holders every year. In addition to the regular dividends paid by the four savings banks with insurance departments for the year Novem ber 1, 1918, to October 31, 1919, two of the banks are paying extra dividends, equal to 33| per cent, of the regular dividends, to their annual premium policy holders. The banks issue two forms of policies, monthly premium and annual premium policies. The monthly premium policies are de signed to take the place of the weekly premium policies issued by the companies and are issued at a net cost approximately 35 per cent, less than by the companies. Insurance on the monthly pre mium basis is principally for amounts less than $500, and is now issued from age two next birthday to age sixty-five next birthday. Annual premium policies are issued for amounts of $500 or $1,000, and with four banks issuing insurance a maximum of $4,000 in surance may be obtained. Annuities, both immediate •and deferred, are issued, each bank being limited to a maximum yearly payment of $200. Insurance is also written on the group plan, and already several firms have availed themselves of this opportunity to obtain insur ance for their employees. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] xv BANK COMMISSIONER. S chool Savings B anks . The law relative to the collection of savings from school children has now been in force for seven years. On October 31, 1918, there were 61 savings banks receiving deposits of this nature. The reports of these banks show that deposits are being received from 393 schools located in 68 cities or towns, the system being operated in 3,027 schoolrooms. The total number of enrolled scholars in the 393 schools on October 31, 1918, was 118,300, and 50,204 of these were depositors in the school savings banks. The amount of deposits received from this source, and other information showing the results being obtained are given below: — Number of deposits received from the inception of the system to October 31, 1 9 1 8 , .................................................................................... Amount of such deposits, * 3,633,661 ........................................................ $1,321,591 51 Number of deposits received during the year ending October 31, 1 9 1 8 , ............................................................................................... 354,862 Amount of deposits received during the year ending October 31, 1 9 1 8 , ................................................................................................................ $146,534 54 Number of withdrawals (not including amounts transferred to savings bank pass books) from the inception of the system to October 31, 1 9 1 8 , .................................................................................... 157,786 Amount of such w i t h d r a w a l s ,........................................................................ $323,203 97 Number of such withdrawals during the year ending October 31, 1 9 1 8 , ................................................................................................................. 29,995 Amount of such w i t h d r a w a l s ,.......................................................................... $64,566 58 Amount to the credit of depositors in the school savings banks on October 31, 1 9 1 8 , ............................................................................................. $59,298 56 Number of scholars to whom savings bank pass books have been issued from the inception of the system to October 31, 1918, . 102,309 Number to whom pass books have been issued during the year ending October 31, 1 9 1 8 , .................................................................. 7,871 Amounts of deposits transferred from school savings banks to savings bank pass books from the inception of the system to October 31, 1 9 1 8 , ...........................................................................................$940,826 09 Amount so transferred during year ending October 31, 1918, . $129,686 07 Dividends credited to school savings accounts during year end ing October 31, 1 9 1 8 , ........................................................................... . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,579 78 REPO RT OF THE XVI [Pub. Doc. C ertified P ublic A ccountants . The ninth examination of applicants for certificates as public accountants was held on November 18 and 19, 1918, when 99 persons presented themselves for examination. These examinations are con ducted by a Board of Examiners, appointed by and acting in con junction with the Bank Commissioner. The last examination took place on November 18 and 19, 1918, and 99 applicants were present. As a result of this examination 24 applicants were granted certifi cates of registration as certified public accountants. There are now 183 accountants holding certificates of registration under the laws of this Commonwealth. B oard of B ank I ncorporation. This Board, consisting of the Bank Commissioner, Treasurer and Receiver-General and the Commissioner of Corporations, is consti tuted by chapter 590, Acts of 1908, to pass upon all applications for the establishment of domestic banking corporations. During the year 1918 the Board has held 31 meetings and heard 36 applications and has visited 2 localities in which it was desired to establish such corporations or branch offices. Thirty-one applications were granted, 2 were refused, and 3 held in abeyance. These hearings have been upon 7 applications for new trust companies, 3 applications for new co-operative banks and 9 applications for new credit unions, beside additional hearings held for the purpose of determining changes of name, operating trust departments and establishing branch offices. C redit U nions . Credit unions making reports to this department as at close of business October 31, 1918, numbered 59, an increase of 3 since October 31, 1917. The reports of these unions show gross assets of $1,977,778.94, an increase of $730,193.47. The total membership shown is 17,636, an increase of 2,815. The total disbursements as dividends to shareholders were $25,164.29, and the total sum paid as interest on savings accounts was $23,458.34. The following is a list of the credit unions that have commenced business since October 31, 1917: — https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. X V II Location. N am e. Dorchester Credit Union, . . . Peoples Credit Union, . . . . Salem Central Labor Credit Union, Santa Maria Credit Union, . . . . . . Began Business. Dorchester, Winthrop, Salem, Malden, . Apr. 1, 1918 Sept. 6, 1918 Sept. 20, 1918 Oct. 1, 1918 Since the previous report the Hampden Credit Union of Boston has dissolved and distributed its assets, which was done without loss to the shareholders. During the year charters have been granted to the M. P. & W. Credit Union of Springfield, Sebeglo Credit Union of Salem, Chester Credit Union of Chester, Russell Credit Union in Town of Russell of Russell, La Caisse Populaire de Lawrence Credit Union of Lawrence and New Bedford Central Labor Credit Union of New Bedford, but none of these have as yet commenced business. Four credit unions are still in the possession of the Bank Commis sioner for the purpose of winding up their affairs and distributing among the members whatever of the assets may be recovered; these credit unions are the Peabody Hebrew Credit Union, in which case about 8450 has been collected during the year; the Salem Invest ment and Credit Union, the Lynn United Hebrew Credit Union and the Peoples Credit Union of Lynn. Aggregate Statement of Condition October SI, 1918, o f 59 Credit Unions, as com pared with a Similar Statement on October 31, 1917, — 56 Credit Unions. Oct. 31, 1917. A ss e t s . Loans, . . . . Cash, . . . . Expense account, Sundries, Investments, Oct. 31, 1918. $993,344 98 $1,555,087 87 L ia b il it ie s . Oct. 31, 1918. $593,020 21 $874,542 19 i 561,962 47 978,494 86 15,223 25 Guaranty fund, . 27,329 64 42,407 09 7,406 62 15,623 65 Earnings, 3?,621 85 58,538 76 73,987 73 115,108 61 161,017 17 276,725 56 11,828 97 Shares, Oct. 31, 1917. Deposits, . 1,969 41 2,531 22 Surplus, 4,568 70 1,102 91 Sundries, 5,240 58 7,172 53 Fines, . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . - Liberty Loan Bond subscriptions. Suspense account, 139 84 Undivided earnings, 632 77 7,333 04 13,100 00 4,641 34 Bills payable, $1,247,585 47 $1,977,778 94 . . 1,015 00 - $1,247,585 47 $1,977,778 94 xviii REPORT OF TH E [Pub. Doc. Receipts and Disbursements during Year ending October 81, 1918 Unions. R e c e ip t s . D is b u r s e m e n t s . Shares......................................................... $446,220 11 S h a r e s , .................................................. D e p o s i t s , ........................................ 837,360 44 Deposits...................................................... Repaid l o a n s ,........................................ 913,561 70 Loans, Entrance fees, . 59 Credit — . . . . . . . . $165,809 17 421,774 21 . 1,477,215 25 3,254 79 E x p e n s e s , ........................................ 21,794 88 95,077 54 Interest paid............................................. 23,458 34 Fines....................................... 1 . 3,126 14 I n v e s t m e n t s ,........................................ 68,480 29 Bills payable............................................ 3,641 34 Dividends, 25,164 29 Investments............................................. 28,364 41 Bills p a y a b l e ,........................................ 7,071 96 Su ndries,.................................................. Interest...................................................... Sundries, . . . . Cash on hand Oct. 31, 1917, . . 161,017 17 . . . Cash on hand Oct. 31, 1918, 12,100 00 6,173 66 . 276,725 56 $2,498,695 65 $2,498,695 65 Number of shares in .force Oct. 31, 1 9 1 8 , .................................................................................................... 153,033 Number of members...................................... ................................................. ............................................................17,636 Number of b o r r o w e r s ,............................................................................................................................................ 5,897 Persons, Partnerships, A ssociations to the in Provisions A mendment of or C orporations, C hapter 428, A cts thereof and in A ddition of 1905, subject and A cts thereto . The fiscal year 1917-18, ending at the close of business October 31, 1918, has proved rather hard and unprofitable f o r . this class of bankers. The sale of steamship tickets has stopped entirely, and a large loss in revenue has followed from this cause, while the volume of remittances to foreign countries and the profit therefrom has decreased. Nine licenses were not renewed upon their expiration, although the bonds remained in force. Reports were received from 73 bankers, these reports showing that 46 of this number received deposits of money for safe-keeping to a total amount of 82,838,636.80, an increase of $876,985.21 since the preceding report. The total amount sent to foreign countries was $9,449,732, a decrease of $657,168. During the fiscal year there was collected in license fees and paid into the treasury of the Commonwealth the sum of $2,975. The unfortunate condition of affairs prevailing in Russia has wrnrked hardship to persons sending money to that country. Very little attempt has been made by the bankers to send remittances there during the year. Previous to that time many persons, in- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. xix fluenced by the very low rate of exchange, had sent, through these bankers, orders for the deposit of roubles to their credit in the Russian Government Savings Bank, and it has been impossible to secure pass books, or other evidences of the deposit of the remittances which were sent during the four or five months previous to the revolution. The total amount of money involved is quite large, and the inability of the banker in this country to obtain evidence that he has fulfilled his obligation in the matter has brought about a very embarrassing situation, for which the banker is in no way to blame, but for which he receives the most of the adverse criticism. The following table is compiled from the last five annual reports made to this department, and shows the amount of money forwarded to various foreign countries: — A m o u n t f o r w a r d e d d u r in g Y e a r e n d in g — C ountry. Italy, Russia, Great Britain, Turkey, Greece, Austria, Finland, Azores and Portugal, France, Sweden, Germany, . Other countries, . Totals, . Oct. 31, 1918. Oct. 31, 1917. Oct. 31, 1916. Oct. 30, 1915. Oct. 31, 1914. $7,024,690 189,679 472,991 3,539 154,908 $6,965,832 1,024,000 578,290 514 214,108 2,544 204,963 1,061,482 16,755 6,038 21,555 10,819 $4,575,157 886,226 620,312 881 324,484 88,039 78,176 764,623 982 4,121 26,629 11,489 $3,286,673 678,771 664,157 19,069 157,308 54,026 76,144 503,558 3,388 31,820 5,075 6,904 $3,458,810 1,534,651 913,319 322,503 184,872 264,112 109,037 350,466 21,882 56,020 13,592 5,724 $9,449,732 $10,106,900 $7,381,119 $5,486,893 ' $7,234,988 12,859 1,551,652 28,210 1,344 9,860 These bankers have very generally lived up to the intent of the statutes and have endeavored to carry out the recommendations of this department, and in justice to them it would seem to me that in the near future all persons who make a business of receiving com paratively small sums of money for safe-keeping should pay the same license fee and be under the same supervision. R e c o m m e n d a t io n s . I hereby make the following recommendations for consideration and action by the General Court for the ensuing year: — 1. Under the existing statutes savings banks are limited in their investments in railroad bonds to those issued by railroads that https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis XX REPO RT OF THE [Pub. Doc. operate their roads and with specified earnings for a definite period of years. In the opinion of the Attorney-General, the taking and operation of the railroads by the United States government has dis qualified these bonds as savings bank investments. As the govern ment has declared its intention to pay a just compensation, the bonds of the railroads so taken over by the government should not in my opinion be invalidated. I am presenting a bill amending our existing statutes in order that savings banks may continue to invest in the same kind of bonds as before. 2. The statute provides that trust companies shall not make a loan to any one person in excess of a certain proportion of its capital stock and surplus. The spirit of the law is to prevent too large a part of its capital being invested in one place or enterprise. By making loans to various persons wfith the same collateral, or by making a division of the collateral and making various loans on the various parts of the collateral, one person or a group of persons might be able to use the entire resources of one trust company in aiding their own schemes. T o avoid such contingency I recommend an amendment to the statute to prevent such a situation. 3. The savings banks are required to make a classified statement each fifth year of certain persons and organizations who make a deposit during that year. It would seem more satisfactory if the classified statement gives the number of such persons and organiza tions and the extent to which they avail themselves of the savings banks at the date of the annual reports of those years, inasmuch as the transactions of a single year do not fully indicate the accumula tions of the amounts of these classified deposits. 4. The savings banks have performed a service to the government of the United States by enabling their depositors who have pur chased Liberty Loan Bonds to leave their bonds where they may be safely cared for, and this accommodation has undoubtedly stimulated the purchases of the Liberty Loan Bonds by persons who had no place to store them against loss. As there is a doubt as to whether a savings bank can legally receive deposits of bonds for safe-keeping, I am recommending a statute authorizing them to perform that task. 5. As to credit unions, although they are organized for the purpose of accumulating and investing the savings of their members and making loans to members for provident purposes, yet the statute au thorizes the use of the word “ bank” if approved by the Board of https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis xxi } Bank Incorporation. They are not limited in their investments, as are other Massachusetts banks. They make loans on second mort gages and loans beyond the confines of the Commonwealth, and, generally speaking, obtain a larger interest rate than do other bank ing institutions. As they are carried on for the profit of their mem bers, I see no reason why they should be exempt from taxation as eleemosynary institutions. I therefore again recommend that they be not exempted from taxation. I also recommend that their loans on real estate be limited to at least 80 per cent, of the value of im proved property or 50 per cent, of the value of farm lands loaned on, and that their loans beyond the confines of Massachusetts be limited the same as are those of savings banks and trust companies, and that the committee recommending such loans shall make reports of the value of the property in the same manner as is required of savings No. 8.] BANK COMMISSIONER. banks. 6. I again call to your attention that chapters 470 and 610 of the Acts of 1914 prohibit other than incorporated banks and licensed bankers from soliciting or receiving deposits or transacting business in the way or manner of a savings bank. They do not prevent others than incorporated banks and licensed bankers from receiving deposits of money. It would seem that all persons, partnerships, associations and corporations receiving small amounts of money as above, and who are not under State supervision, should be required to so inform those who entrust money to their care, and in order to determine who may be carrying on such banking this department should have the necessary authority to investigate. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Respectfully submitted, AUGUSTUS L. TH O R N D IK E , Bank Commissioner. I I https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis STATEMENTS BELATING TO Sayings Banks and Trust Companies. INDEX. St™ bïb T PAGE Savings B anks 1. Aggregate statement . xxiv «. xxvii 2. Comparative condition of all banks . xxviii 3. Comparative condition of Boston banks xxix 4. Condensed statistics of transactions xxx 5. Income account 6. Dividends . 7. Expenses . 8. Surplus . . . . . . xxxi . . . xxxii . xxxiii . xxxiv 9. Real estate by foreclosure xxxiv 10. Investments producing no income X X XV 11. Changes in real estate and personal loans . xxxvi 12. Statistics covering from 1834 to 1918 inclusive lv-lxiii 24. List of legal investments T etjst C ompanies . 13. Statistics covering from 1879 to 1918 inclusive, all companies . . . xxxviii 14. Statistics covering from 1879 to 1918 inclusive, Boston companies . . xl 15. Statistics covering from 1879 to 1918 inclusive, companies outside of Boston xlii 16. Aggregate statement, banking departments, all companies . . xliv-xlv 17. Aggregate statement, banking departments, Boston companies xlvi-xlvii 18. Aggregate statement, banking departments, companies outside of Boston 19. Aggregate statement, savings departments, all companies . . xlviii-xlix 1 20. Aggregate statement, savings departments, Boston companies li 21. Aggregate statement, savings departments, companies outside of Boston lii 22. Aggregate statement, trust departments, all companies liii 23. Earnings and dividends.................................................................................... liv https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis XXIV R E PO R T OF THE STATEM ENT A ggregate [Pub. Doc. N o . 1. Statement , O ctober 31, 1918, 196 Savings B anks . Assets. Public funds, bonds and notes Railroad bonds and notes . Street railway bonds . Boston Terminal Co. bonds American Tel. & Tel. Co. bonds . Stocks of banks and trust companies Securities acquired in settlement of indebtedness . 126,054 loans on real estate (average of each, $4,203.65) Less amount due on uncompleted loans . $156,951,005 198,285,691 33,456,348 8,463,121 14,436,125 12,036,239 719,344 $530,060,097 56 172,841 38 529,887,256 138,085,655 55,601 ssed value, $11,114,099 8,972,278 52,402 3,702,868 125,039 49,987 12,817 54,133 862,276 19,358 24,178,919 2,156,636 12,036 loans on personal security Bankers acceptances . . Bank building and fixtures (estimated value, $11,761,422.1 Furniture and fixtures . . . . . Real estate by foreclosure, etc. (assessed value, $4,761,140) Taxes, insurance, etc., paid on mortgaged properties Premium account . . . . Suspense account . . . . W ar savings stamps and thrift stamps . Liberty Loan Bond account Other assets . . . . . . Deposits in national banks or trust companies Cash and cash items . Total Assets . 40 68 37 12 00 33 98 18 97 00 32 42 52 10 88 81 43 66 95 92 31 $1,132,563,108 35 Liabilities. Due depositors on 2,486,834 accounts, averaging $415.75 each $1,033,892,914 (Accounts opened, during year, 265,268; closed, 270,080; decrease, 4,812) Su rplus:— ' a. Guaranty fund (4 .88 % of deposits; increase during year, $869,861.40) . 50,426,647 b. Profit and loss (increase during year, $3,221,575.77) . 30,096,324 Current income: — a. I n te r e s t......................................................................$9,302,524 16 b. Rent, etc..................................................................... 59,381 35 $9,361,905 51 Less current expenses not charged off $624,427 91 Less State or local taxes not charged off 89,650 44 714,078 35 8,647,827 Unearned discount . . 1,192,339 Deposits or installments received on sales of Liberty Loan Bonds 6,206,094 Bills payable . . . . . . . 1,069,115 Other liabilities . . . . . 1,031,846 T otal Liabilities . . . . 10 96 46 16 33 31 00 03 $1,132,563,108 35 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Amount paid for $1,841,541.86 $2,135,667.35 $361,422 82 $ 8 5,265 .78 $681,790.52 $5,105,688.33 Cost per $1,000 of assets 1 .6 3 1 .8 9 .32 •07 .60 4 .5 1 Cost per $1,000 of assets not including State tax and rent ............................................... 2 .5 6 Gross income received during the year, $53,278,617.23. Number of loans not over $3,000 each, 92,272, amounting to $134,808,502 60 4,578 real estate loans made during year, amounting to $15,280,445.33. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year, average rate, 4.27% Extra dividends declared during year . . . . . Number of deposits during year, 2,732,395, amounting to Number of withdrawals during year, 2,047,606, amounting to N et increase in amount due depositors https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis | . . $41,683,571 13 467,261 99 158,115,734 76 . $200,266,567 88 188,716,236 87 . $11,550,331 01 No. 8.] T otal L oans BANK COMMISSIONER and XXV I nvestments of Savings B anks on O ctober 31, 1918, E ach S pecified R ate of I nterest . R ate (P e e C e n t ). 0 ........................................................ 1........................................................ 1 . 7 9 ........................................ 2 . 0 0 ........................................ 3 . 0 0 ........................................ 3 . 1 0 ........................................ 3 . 2 0 ........................................ 3 . 2 5 ........................................ 3 . 4 0 ........................................ 3 . 4 4 ........................................ 3 . 4 5 ........................................ 3 . 5 0 ........................................ ........................................ 3.5625 3 . 6 0 ........................................ 3.625 ........................................ 3.65 . ........................................ 3 . 7 5 ........................................ 3 . 8 0 ........................................ 3 . 8 5 ........................................ 3.875 ........................................ 3.90 3 . 9 4 ........................................ 4 . 0 0 ........................................ 4 . 0 8 ........................................ 4 . 1 2 5 ........................................ 4 . 2 5 ........................................ 4 . 3 0 ........................................ 4 . 3 5 ........................................ 4.375 ........................................ 4 . 4 0 ........................................ 4 . 4 6 ........................................ 4 . 5 0 ........................................ 4 . 5 5 ........................................ 4.5625 ........................................ 4 . 6 0 ........................................ 4.625 ........................................ 4 . 6 5 ........................................ 4 . 7 0 ........................................ 4 . 7 5 ........................................ 4 . 8 0 ........................................ 4 . 8 5 ........................................ 4.875 ........................................ 4 . 9 0 ........................................ 4 . 9 5 ........................................ 5.00 . . . . '. 5 . 0 5 ........................................ 5 . 1 0 ........................................ 5.125 5.15 5 . 2 0 ........................................ 5.25 5.285 ........................................ 5 . 3 0 ........................................ 5.333 ........................................ 5 . 3 5 ........................................ 5 . 3 7 ........................................ 5.375 ........................................ 5 . 4 0 ........................................ 5 . 4 5 ........................................ 5 . 5 0 ................................................ 5 . 5 5 ........................................ 5 . 6 0 ........................................ 5 . 6 6 ........................................ 5.725 ........................................ 5 . 7 3 ........................................ 5 . 7 5 ........................................ 5 . 8 0 ........................................ 5.875 ........................................ 6 . 0 0 ........................................ 6 . 1 0 ........................................ 6 . 1 2 5 ........................................ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Loans on Real Estate. 517,150 00 5,700 00 2,458,000 00 400,000 00 - - 260,000 00 23,091,651 77 1,621,500 00 16,978,800 00 526,500 00 23,020,806 88 580,000 00 4,139,500 00 121,000 00 120,370,295 58 3,249,805 00 14,000 00 193,927,118 60 183,400 00 138,834,980 82 ~ Loans on Per sonal Security. Bonds, Stocks, etc. 5362,338 32 31,821 00 253,403 05 242,649 25 111,354 62 3,689,215 96 12,000 00 179,450 13 35,000 00 1,500 00 3,273,406 80 1,109,953 17 112,652,989 34 245,000 00 $1,404,488 43 •322,300 00 5,700 00 2,409,000 00 8,600 00 7,700 00 10,000 00 4,700 00 82,600 00 3'7,620 00 54,396,727 64 6,000 00 45,500 00 26,960 00 63,100 00 188,415 00 50,200 00 5,000 00 32,033 32 22,150 00 900 00 183,363,368 04 10,000 00 14,340 00 51,566,243 92 37,750 00 36,000 00 71,000 00 50,000 00 67,248,426 58 60,000 00 10,000 00 52,000 00 30,000 00 15,000 00 5,000 00 581,655 00 35,000 00 15,000 00 30,000 00 120,000 00 15,000 00 39,992,861 23 110,000 00 312,000 00 85,000 00 268,000 00 185,000 00 763,400 00 323,000 00 557,000 00 10,000 00 90,000 00 148,000 00 19,000 00 1,669,650 00 215,000 00 21,500 00 5,000 00 250,000 00 175,000 00 191,880 00 10,000 00 25,000 00 13,879,615 00 15,000 00 “ at Total Loans and Investments. $1,783,976 5,700 322,300 5,700 2,409,000 8,600 7,700 2,468,000 4,700 82,600 37,620 54,796,727 6,000 45,500 26,960 63,100 448,415 50,200 5,000 32,033 22,150 900 206,486,840 10,000 1,635,840 68,798,446 37,750 36,000 526,500 71,000 50,000 90,511,882 60,000 10,000 52,000 610,000 15,000 5,000 4,832,509 35,000 15,000 151,000 120,000 15,000 164,052,372 110,000 312,000 97,000 268,000 185,000 4,192,655 35,000 323,000 1,500 557,000 10,000 104,000 148,000 19,000 198,870,175 215,000 21,500 5,000 250,000 175,000 1,485,233 10,000 25,000 265,367,585 15,000 245,000 75 00 00 00 00 00 00 00 00 00 00 64 00 00 00 00 00 00 00 32 00 00 81 00 00 97 00 00 00 00 00 71 00 00 00 00 00 00 62 00 00 00 00 00 77 00 00 00 00 00 13 00 00 00 00 00 00 00 00 40 00 00 00 00 00 17 00 00 16 00 00 REPO RT OF THE XXVI T otal L oans and I nvestments op Savings B anks on O ctober 31, 1918, E ach S pecified R ate of I nterest — Concluded. Loans on Real Estate. R a te (P e r C e n t ). 6 , 2 5 6.375 6 . 3 9 6 . 5 0 6 . 7 5 7 . 0 0 7 . 5 0 7 . 7 5 8 . 0 0 8.50 9 . 0 0 9 . 5 0 1 0 .0 0 1 0 .5 0 10.666 1 1 .0 0 12.00 1 2 .5 0 1 4 .0 0 1 6 .0 0 1 7 .5 0 20.00 24.00 26.00 28.00 ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ . . . / . ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ ........................................ Totals . Average rate [Pub. Doc, . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . _ Loans on Per sonal Security. Bonds, Stocks, etc. _ at Total Loans and Investments. 845,865 00 40,132 53 750 00 300 00 — - $4,282,832 98 99,000 00 9,309,829 96 394,137 50 1,791,273 89 8,500 00 - $31,800 00 47,900 00 1,670,150 00 53,100 00 17,500 00 1,631,275 00 25,700 00 345,520 00 45,000 00 2,919,800 00 25,000 00 2,250 00 31,000 00 1,467,100 00 35,200 00 25,800 00 111,500 00 47,000 00 1,392,500 00 15,800 00 42,300 00 500 00 $529,887,256 18 $138,085,655 97 $431,800,079 16 $1,099,772,991.31 5.34 5.99 4.36 5.04 i $4,282,832 99,000 31,800 9,403,594 394,137 3,501,556 62,350 17,500 1,631,575 25,700 345,520 45,000 2,919,800 25,000 2,250 31,000 1,467,100 35,200 25,800 111,500 47,000 1,392,500 15,800 42,300 500 98 00 00 96 50 42 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 BANK COMMISSIONER No. 8.] STATEM ENT X X V ll N o . 2. C O M P A R A T IV E C O N D IT IO N O F A L L S A V IN G S B A N K S . A S SE T S. S e c u r it ie s . Public funds, bonds and notes Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds . Telephone company bonds Liberty Loan Bond account . Bank stocks . . . . Bankers acceptances Securities acquired in settlement of indebtedness . L oa n s. On real estate . . On personal security . October 31, October 31, 1918. 1917. 1907. 1902. 10.81 17.94 2.99 .75 1.30 — 1.09 “ 10.04 17.14 2.80 .91 1.28 — 1.36 10.03 17.78 1.79 1.30 “ — 1.58 13.52 15.03 ~ 1.80 — 2.88 719,344 98 646,311 36 .06 .06 .18 .06 .04 529,887,256 18 138,085,655 97 543,457,819 75 145,594,818 62 46.79 12.19 48.79 13.07 46.72 16.74 40.95 22.82 40.82 21.47 8,972,278 32 3,702,868 52 8,572,435 14 2,554,719 38 .79 .33 .77 .23 .81 .20 1.00 .55 .93 .61 49,987 88 52,402 42 211,349 29 57,171 72 61,111 82 84,479 31 .03 ,02 .03 .06 .13 24 95 81 90 ) >2.32 2.18 1.79 2.08 2.77 $1,132,563,108 35 $1,113,887,384 87 100 100 100 100 100 C ash . In banks, on interest In banks, not on interest Currency and specie Checks and cash items . 24,062,995 115,923 1,899,245 257,391 O cto ber 31, Amount. $ 1 ,0 3 3 ,8 9 2 ,9 1 4 10 5 0 ,4 2 6 ,6 4 7 9 6 3 0 ,0 9 6 ,3 2 4 4 6 8 ,6 4 7 ,8 2 7 22,318,133 107,117 1,676,170 234,429 95 97 27 04 O 1918. Per Cent, of De posits. L IA B IL IT IE S . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1912. 13.86 17.51 2.95 .75 1.27 .08 1.06 .01 M isc e l l a n e o u s . Premium account . Furniture and fixtures . Sundry assets . . . . Bills payable . Sundry liabilities 1917. $120,379,874 28 199,826,718 24 33,353,649 06 8,315,498 91 14,498,258 58 — 12,148,666 80 R eal E sta te. For banking purposes B y foreclosure, etc. . Current income, less expenses and taxes paid . Deposits or installments received on sales of Lib- 1918. 40 68 37 12 00 66 33 00 $156,951,005 198,285,691 33,456,348 8,463,121 14,436,125 862,276 12,036,239 55,601 . Guaranty fund . P e r c e n t a g e of I n v e st m e n t s to T ota l A ssets on O cto be r 31 — 16 6 , 2 0 6 ,0 9 4 3 1 1 ,0 6 9 ,1 1 5 0 0 2 ,2 2 4 ,1 8 5 3 6 $ 1 , 1 3 2 ,5 6 3 ,1 0 8 3 5 _ 4 .8 8 c to be r 31, $ 1 ,0 2 2 ,3 4 2 ,5 8 3 0 9 4 9 ,5 5 6 ,7 8 6 4 7 2 6 ,8 7 4 ,7 4 8 .6 0 .1 0 .2 1 5 ,9 4 8 ,1 4 7 In 1917. Per Cent, of D e posits. Am ount. 2 .9 1 .8 4 - ] 69 8 ,0 5 8 ,2 2 6 6 8 16 1 ,1 0 6 ,8 9 2 7 8 $ 1 ,1 1 3 ,8 8 7 ,3 8 4 8 7 4 .8 5 2 .6 3 .7 9 .5 8 ~ .1 1 “ c r e a se fo r Y e a r Per Cent. Amount. $ 1 1 ,5 5 0 ,3 3 1 0 1 8 6 9 ,8 6 1 4 9 3 ,2 2 1 ,5 7 5 7 7 1 .1 3 1 .7 5 5 8 9 ,6 0 0 4 8 1 1 .9 9 7 .3 2 2 5 7 ,9 4 7 1 5 1 ,0 6 9 ,1 1 5 0 0 1 ,1 1 7 ,2 9 2 5 8 100. 1 0 0 .9 4 $ 1 8 ,6 7 5 ,7 2 3 . 48 4 .3 4 ' 1 .6 8 REPO RT OF THE xxviii STATEM ENT C omparative C ondition of [Pub. Doc. N o . 3. B oston Savings B anks . of A SSE TS. October 31, October 31, 1918. 1917. Increase for Year. Decrease for Year. P e rc e n t a g e I n v e st m e n t s to T otal A sset s . BOSTON OTHER BANKS. 1918 1917 1918 1917 S e c u r it ie s . Public funds, bonds and notes . . . . Railroad bonds and notes Street railway bonds B o s t o n Terminal Co. bonds . . . . T e l e p h o n e company bonds . . . Liberty Loan Bond account . . . . Bank stocks Bankers acceptances _. Securities acquired in settlement of indebtedness . . . . L oa n s. O n real estate . On personal security 5,139,797 95 5,116,445 95 23,352 00 4,033,213 75 4,028,643 75 4,570 00 77,663 58 1,977,015 69 20,000 00 1,993,300 06 “ 77,663 58 20,000 00 251,965 15 233,015 15 18,950 00 2,950,704 02 1,180,082 24 2,899,389 93 829,344 71 3,916 30 400 00 43,634 56 4,588 90 600 00 19,790 48 . C ash. In banks, on interest In banks not on interest . Currency and specie Checks and cash items . 8,801,046 20 7,686,701 15,000 434,635 41,165 - 561,252 71 67,880 95 1.48 1.49 - 16,284 37 - - 51,314 09 350,737 53 - - 23,844 08 L IA B IL IT IE S . Amount. Deposits . . . . . Guaranty fund Profit and loss Current income, less expenses and taxes paid Deposits or installments received on sales of Liberty Loan Bonds . . . . Sundry liabilities _ .06 .05 .74 .22 672 60 > 200 00 .01 - .01 .03 .02 - - c to be r .07 .77 .32 1,114,344 38 O .07 .10 _ 1.28 1.32 .01 - .84 .24 15,000 00 - Per Cent, of D e posits. .58 - .85 .34 - $347,123,931 82 $344,540,876 20 $2,583,055 62 3 1, 1918. .02 .57 .01 .42 1.33 1.36 4,180,263 09 44.26 45.81 47.90 50.12 4,787,947 00 14.95 16.45 10.97 11.56 - - cto be r .42 1.16 1.17 “ 126,616 82 26,715 00 O https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 82 00 89 95 15.29 12.45 13.23 10.07 $372,347 25 16.26 16.49 18.06 18.59 38,161 25 2.01 2.03 3.37 3.43 - 153,652,866 92 157,833,130 01 51,891,090 17 56,679,037 17 R eal E sta te . For banking purposes B y foreclosure, etc. M isc e l l a n e o u s . Premium account . Furniture and fixtures Sundry assets . $53,059,965 69 $42,904,141 9£ $10,155,823 70 56,440,548 53 56,812,895 78 6,970,887 41 7,009,048 66 “ 31 Amount. ! 1917. >2.72 2.37 2.15 2.10 ) 100 I 100 n c r e a se 100 per Per Cent, of D e posits. Amount. $ 1 ,1 3 0 ,6 0 7 3 2 2 3 1 ,0 7 7 2 0 3 5 3 ,6 2 5 6 9 Y 100 e a r Per Cent. $ 3 2 1 ,0 3 5 ,4 6 7 6 4 1 5 ,7 2 8 ,5 2 3 4 1 5 ,7 8 7 ,6 7 1 5 8 4 .9 0 $ 3 1 9 ,9 0 4 ,8 6 0 3 2 1 5 ,4 9 7 ,4 4 6 21 4 .8 4 1 .8 0 5 ,4 3 4 ,0 4 5 8 9 1 .7 0 1 ,9 9 2 ,1 7 7 7 0 .6 2 1 ,7 3 3 ,1 1 4 0 0 .5 4 2 5 9 ,0 6 3 70 1 4 .9 5 1 ,8 3 8 ,1 2 9 54 .5 7 7 4 1 ,9 6 1 95 .2 3 1 ,7 9 7 ,3 3 1 4 4 1 7 4 ,0 7 8 3 4 .5 6 .0 5 4 0 ,7 9 8 5 6 7 ,8 8 3 10 61 2 .2 7 3 2 6 .2 2 $ 2 ,5 8 3 ,0 5 5 62 .7 5 $ 3 4 7 ,1 2 3 ,9 3 1 8 2 - $ 3 4 4 ,5 4 0 ,8 7 6 2 0 - . \ .3 5 1 .4 9 6 .5 1 BANK COMMISSIONER, No. 8.] STATEM ENT Y early T ransactions X X IX N o . 4. of Sayings B anks . The following table presents in condensed form the statistics of the transactions of all the savings banks during the past five years:— Y e a r e n d in g O c to be r 31 —? S T A T IS T IC S OF B U S IN E S S . A ccounts . Number opened during year Number closed during year Number open October 31 . Average in each account . . . , 1918. 1917. 265,268 270,080 2,486,834 $415 75 324,476 290,099 2,491,646 $410 31 1916. 354,537 246,475 2,457,269 $406 02 1915. 1914. 288,833 248,502 2,349,207 $395 38 308,879 266,132 2,309,008 $389 46 D epo sits a n d W it h d r a w a l s . $1,033,892,914 $1,022,342,583 $997,694,818 $928,830,655 $899,279,596 Total deposits October 31 $24,647,765 $68,864,163 $29,551,059 $29,360,577 $11,550,331 Increase over previous year 2,664,661 2,592,204 3,037,409 3,210,891 2,732,395 Number of deposits during year 2,079,502 2,135,242 2,011,053 2,047,606 2,226,388 Number of withdrawals during year $59 70 $58 74 $59 72 $59 21 $57 87 Average deposit . . . . $78 77 $74 05 $78 58 $92 16 $87 95 Average withdrawal . . . . $159,070,038 $181,389,782 $190,104,303 $152,256,408 $158,115,735 Amount deposited during year $195,820,957 $158,026,380 $158,113,864 $163,800,886 $188,716,237 Am ount withdrawn during year L oan s. Of $3,000 or less October 31 On real estate October 31 . Average real estate loan October 31 . Number of new real estate loans made during year . . . . . Amount of same . . . . 92,272 126,054 $4,203 65 94,321 129,588 $4,193 73 92,491 127,414 $4,111 32 89,272 121,391 $4,049 20 86,153 116,089 $4,031 27 4,578 $15,280,445 12,119 $55,366,910 15,836 $71,296,946 13,357 $52,012,611 12,654 $51,045,196 I n c o m e , D iv id e n d s , Total income . . . Dividends . . . . Expenses . . . . State taxes . . . Credited to guaranty fund $53,278,617 42,150,833 3,264,146 1,841,542 880,861 $49,922,626 39,078,940 2,940,017 1,909,473 2,448,584 $47,425,494 36,786,240 2,777,629 1,797,662 2,710,288 $45,658,006 35,408,516 2,579,423 1,773,862 1,465,806 $43,943,795 34,091,425 2,509,321 1,753,678 1,688,724 Per Cent. 78.28 5.89 3.83 4.90 7.10 3.51 .26 .17 Per Cent. 77.57 5.86 3.79 5.71 7.07 3.41 .26 .17 Per Cent. 77.55 5.65 3.89 3.21 9.70 3.52 .26 .18 Per Cent. 77.58 5.71 3.99 3.84 8.88 3.51 .26 .18 e tc . . . . . . . . . R a t io s . Dividends to income Expenses to income . . . . State taxes to income Guaranty fund additions to income Other deductions to income Dividends to total assets October 31. Expenses to total assets October 31 . State taxes to total assets October 31 Guaranty fund additions to total assets October 31 . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Per Cent. 79.11 6.13 3.46 1.65 9.65 3.72 .29 .16 . 08 . 22 . 25 . 15 .17 I REPO RT OF THE XXX STATEM ENT I ncome of [Pub. Doc. N o . 5. Savings B anks . Statement o f Income Account for Year ending October 31, 1918. Net undivided profits October 31, 1917 (profit and loss and net interest) . $34,932,975 37 Total current income during year . $53,278,617 23 Less amounts paid for: — Accrued interest . $385,013 37 Operating deficit of real estate 100,061 86 Running expenses 3,264,146 47 State tax . . . . 1,841,541 86 5,590,763 56 N et divisible income Less amount credited to guaranty fund . Less ordinary dividends declared . $47,687,853 67 $880,861 49 41,683,571 13 42,564,432 62 Current surplus Additional receipts on account of bank stock . Less Less Less Less Less Less extra dividends declared . . . . premiums written off banking houses written down losses through loans on real estate . losses on account of loans on personal security, etc. miscellaneous losses . . . . . $5,123,421 05 47,231 65 $5,170,652 70 $467,261 156,756 99,865 95,009 205,300 335,282 99 49 70 76 02 49 1,359,476 45 N et undivided profits for year $3,811,176 25 3,811,176 25 N et undivided profits October 31, 1918 (profit and loss and net interest) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $38,744,151 62 BANK COMMISSIONER. No. 8.] STATEM ENT XXXI N o . 6. D ividends . The following table shows the rates of dividends paid by the banks during the last eighteen years, as well as the average rate earned upon the deposits: — 0 . 1 . _ 1 — 1 1 2 2 5 _ _ 1 Ws _ 5 1 2 5 10 1 2 1 1 “ 1 1 *“ 13 12 18 11 25 15 14 11 14 15 74 164 164 161 168 166 157 156 140 161 155 1 1 1 3 2 2 1 1 55 10 9 6 5 3 7 5 2 51 13 16 19 13 8 1 5 2 1 3 7 3 1 4 3 2 4 . 4M 4M 4M 4M 5 . 5M Total 1 1901. 1902. 1903. 1904. 1905. 1906. 1907. _ 3 1M Wx 2 . 3 . 3M 3M 3M 1908. 1909. 1910. 1911. 1912. 1913. 1914. 1916. 1917. 00 cr> 1915. N u m b e r of B a n k s p a y in g a t E ach R a t e . R A T E OF D IV I DEND (P E R C E N T ). 1 2 1 _ _ _ 1 2 1 49 37 3 98 13 1 1 92 10 2 2 81 10 1 3 89 8 5 1 90 9 2 6 70 20 98 74 82 92 85 81 88 - - - - - “ 1 - 196 196 196 195 195 193 194 192 192 189 189 189 189 189 188 187 186 186 Average dividend 4.27 4.05 4.04 4.08 4.01 4.01 3.91 3.92 3.87 3.95 3.95 3.80 3.69 3.73 3.75 3.71 3.71 3.75 Average earnings . 5.15 4.88 4.75 4.92 4.89 4.83 4.67 4.71 4.66 4.65 4.77 4.73 4.60 4.59 4.70 4,66 4.60 4.61 The extra dividends declared during the year were as follows: — Attleborough Savings Bank, 1 per cent............................................. $11,191 53 36,448 52 Broadway Savings Bank, 1 per cent................................................... 50,378 38 Athol Savings Bank, J of 1 per cent................................................... . 2,383 20 Canton Institution for Savings, J of 1 per cent. Cape Ann Savings Bank, f of 1 per cent.......................................... . 23,436 11 Charlestown Savings Bank, 1 per cent............................................... . 168,393 91 2,905 92 Cohasset Savings Bank, I of 1 per cent............................................. 1,116 85 Holliston Savings Bank, J of 1 per cent............................................ Lynn Institution for Savings, J of 1 per cent................................. 5,108 38 41,345 87 Millbury Savings Bank, § of 1 per cent............................................. 9,889 22 Hyde Park Savings Bank, \ of 1 per cent. . . . . 2,560 98 21,666 37 Nantucket Institution for Savings, \ of 1 per cent. . N atick Five Cents Savings Bank, \ of 1 per cent. . Newton Savings Bank, J of 1 per cent............................................... . 34,250 27 Westfield Savings Bank, J of 1 per cent............................................ 17,571 79 Winchendon Savings Bank, 1| per cent............................................ 38,614 69 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $467,261 99 REPO RT OF THE XXX11 STATEM ENT [Pub. Doc. N o . 7. E xpenses . The running expenses of the banks for the two years ending October 31, 1917, and October 31, 1918, were as follows: — Y e a r e n d in g O c to b e r 31, 1918. Amount. Percent age of Income. Cost for Each $1,000 of Assets. C L A S S IF IC A T IO N . Y e a r e n d in g O c to be r 31, 1917. Amount. Percent age of Income. Cost for Each $1,000 of Assets. Salaries . . . . $2,135,667 35 4.01 1.89 $1,961,820 60 3.93 1.76 Rent . . . 361,422 82 .68 .32 352,169 05 .70 .32 Advertising . 85,265 78 .16 .07 71,340 98 .14 .06 Other expenses 681,790 52 1.28 .60 554,685‘ 97 1.11 .50 $3,264,146 47 6.13 2.88 $2,940,016 60 5.88 2.64 . Total https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER No. 8.] STATEM ENT X X X lll N o . 8. Surplus . The aggregate guaranty fund and profit and loss account of the savings banks on October 31 of the last twelve years has been as follows: — B ased on S e c u r it ie s G uaranty F und. YEAR. Amount. 1907 . . . $32,825,176 05 . at B ook V alues. P r o f it a n d L oss A ccoun t . T otal. Per Cent, of D e posits. Amount. $11,096,415 30 1.57 $43,921,591 35 6 .2 1 12,929,970 80 1.82 46,477,551 94 6.55 6.58 Per Cent, of De posits. Amount. 4.64 Per Cent, of De posits. 1908 . . . . 33,547,581 14 4.73 1909 . . . . 34,740,030 12 4.68 14,131,426 80 1.90 48,871,456 92 36,155,736 30 4.69 14,609,348 21 1.89 50,765,084 51 6.58 15,353,443 23 1.91 53,001,918 35 6.60 1910 . . . . 1911 . . . . 37,648,475 12 4.69 1912 . . . . 39,493,627 68 4.71 16,564,496 36 1-97 56,058,124 04 6 .6 8 1913 . . . . 41,243,486 11 4.74 18,105,304 63 2.08 59,348,790 74 6.82 1914 . . . . 42,932,209 82 4.77 21,021,547 30 2.34 63,953,757 12 7.11 1915 . . . . 44,398,015 35 4.78 23,969,412 47 2.58 68,367,427 82 7.36 1916 . . . . 47,108,302 92 4.72 24,988,036 58 2.50 72,096,339 50 7.22 1917 . . . . 49,556,786 47 4.85 26,874,748 69 2.63 76,431,535 16 7.48 1918 . . . . 50,426,647 96 4.88 30,096,324 46 2.91 80,522,972 42 7.79 B ased on S e c u r it ie s at E s t im a t e d M arket Valu es. 1907 . . . . $32,825,176 05 4.64 $8,252,932 66 1.17 $41,078,108 71 5.81 1908 . . . . 33,547,581 14 4.73 17,436,211 55 2.46 50,983,792 69 7.19 1909 . . . . 34,740,030 12 4.68 22,302,689 86 3.00 57,042,719 98 7.68 36,155,736 30 4.69 19,941,773 55 2.59 56,097,509 85 7.28 1910 ? 1911 . . . . 37,648,475 12 4.69 21,115,669 58 2.63 58,764,144 70 7.32 1912 . . . . 39,493,627 68 4.71 21,123,202 37 2.52 60,616,830 05 7.23 1913 . . . . 41,243,486 11 4.74 11,261,415 36 1.29 52,504,901 47 6.03 1914 . . . . 42,932,209 82 4.77 15,247,028 05 1.70 58,179,237 87 6.47 1915 . 1916 . . . 44,398,015 35 4.78 16,306,431 15 1.75 60,704,446 50 6.53 . 47,108,302 92 4.72 25,935,719 12 2.60 73,044,022 04 7.32 . . . 1917 . . . . 49,556,786 47 4.85 3,830,522 43 1 .37 45,726,264 04 4.47 1918 . . . . 50,426,647 96 4.88 4,880,023 OU .47 45,546,624 95 4.41 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis REPO RT OF THE X X X IV STATEM ENT R eal E state [Pub. Doc. N o . 9. F oreclosure. b y Principal. Balance as shown in statement of October 31, 1917, 327 estates . . Acquired during the year ending October 31, 1918, 430 estates . . Excess of proceeds over book values of estates sold during year, credited to profit and loss . . . . . . . . . . Excess of proceeds over book values of estates sold during year, returned to mortgagors . . . . . . . . . . . $2,554,719 38 3,159,775 30 58,688 40 6,434 78 $5,779,617 86 Received for 317 estates sold during year . . . Losses on estates sold during year and amounts charged off to cover depreciation or prospective loss . . $2,091,064 19 145,530 66 ------------------------ 2,236,594 85 $3,543,023 01 Income. Rents, etc., received during year Expenses and taxes on estates, paid during year $245,941 29 429,627 14 Net deficit for year . . . . . . This net deficit was disposed of as follows: — Income credited to profit and loss . $2,516 94 Deficit charged to profit and loss . 26,357 28 $183,685 85 $23,840 34 Income reducing book value Deficit increasing book value . . . . $8,698 75 168,544 26 159,845 51 159,845 51 Net deficit as above . . . . . . $183,685 85 Balance as shown in statement of October 31, 1918 (440 estates, assessed at $4,761,149 held by 125 banks) . . . . . . . $3,702,868 52 Increase during year . . . . . . . . . . $1,148,149 14 STATEM ENT I nvestm ents p r o d u c in g no N o . 10. Income d u r in g the O c to be r 31, 1918. On real estate . . On personal security . L oa n s. . . . . . . . . Investm ents. Real estate by foreclosure, in possession, etc. . Stocks, bonds, etc., acquired to secure indebtedness. Bank and trust company stocks . . . . Deposits in banks not on interest . . . . Total loans and investments producing no income https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Number of Loans. Amount loaned. 409 140 81,655,285 32 1,977,164 03 Y ear. O c to be r 31, 1917. Number of Loans. 317 88 Amount loaned. $1,101,962 59 1,243,140 27 - Amount invested. $2,146,671 92 178,360 95 4,005 00 115,923 97 - Amount invested. $1,626,876 70 181,141 53 18,726 34 107,117 95 - $6,077,411 19 - $4,278,965 38 - - \ BANK COMMISSIONER. No. 8.] STATEM ENT I ncrease or D ecrease for a P e r io d of XXXV N o. 11. T h ir t y - f iv e R e a l E s t a t e a n d L o a n s o n P e r s o n a l S e c u r it y R eal E state. Y e a r s , in L oans on S a v in g s B a n k s . of P e r s o n a l S e c u r it y . Y ear. 1884 a* 1885 Increase. Increase. $6,619,000 $1,116,000 Decrease. - 6,227,000 - 1886 7,003,000 9,018,000 - 1887 7,584,000 7,122,000 - $415,000 1888 7,533,000 1,647,000 - 1889 7,610,000 3,225,000 - 1890 8,417,000 10,471,000 1891 10,374,000 - 1892 12,127,000 1,426,000 - 1893 8,096,000 - 5,346,000 - 9,881,000 - 1,144,000 1894 9,393,000 1895 9,985,000 10,829,000 - 1896 8,656,000 2,047,000 - 1897 10,299,000 1,263,000 - 1898 7,066,000 - 3,432,000 1899 9,329,000 14,908,000 1900 9,657,000 9,788,000 - 1901 7,319,000 4,123,000 - 1902 9,462,000 10,901,000 - 1903 11,917,000 1,904,000 - - 1904 9,084,000 1905 10,267,000 8,923,000 - 1906 10,984,000 10,467,000 - - 23,000 1907 13,159,000 - 5,999,000 1908 12,714,000 - 15,651,000 1909 21,985,000 424,000 1910 24,861,000 5,288,000 - 1911 24,770,000 3,708,000 - 1912 27,102,000 9,614,000 - 1913 25,716,000 1,362,000 - 20,840,000 4,630,000 1914 1915 1916 23,551,000 . - - 11,059,000 32,304,000 3,342,000 1917 19,618,000 - 3,726,000 1918 13,571,000* - 7,509,000 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . * Decrease. - ' A T able exhibiting the N umber, C ondition N o. 12. and Progress of the Savings from 1834 to 1918 inclusive . B anks of M assachusetts in E ach Y ear xxxvi STATEM ENT [Returns first required by Acts 1834, Chapter 190.] YEAR. 27 28 30 30 30 31 30 _ 31 31 33 38 39 41 43 45 45 53 60 73 80 81 86 86 86 89 93 93 95 97 10 2 10 2 108 115 24,256 27,232 29,786 32,564 33,063 36,686 37,470 41,423 42,587 43,217 49,699 58,178 62,893 68,312 69,894 71,629 78,823 86,537 97,353 117,404 136,654 148,263 165,484 177,375 182,655 205,409 230,068 225,058 248,900 272,219 291,616 291,488 316,853 348,593 383,094 2,976 2,554 2,778 499 3,623 784 3,953 1,164 630 6,482 8,479 4,715 5,419 1,582 1,735 7,194 7,715 10,816 20,051 19,250 11,609 17,221 11,891 5,280 22,754 24,659 5,0102 23,842 23,319 19,397 1282 25,365 31,740 34,501 Percent age of In crease. 12.27 9.38 9.33 1.53 10.96 2.14 10.55 2.81 1.48 15.00 17.06 8 .1 0 8.62 2.32 2.48 10.04 9.79 12.50 20.60 16.40 8.50 11.62 7.19 2.98 12.46 1 2 .0 0 2 .18 2 10.59 9.37 7.13 .042 8.70 10 .0 2 9.90 Amount of Deposits. $3,407,773 3,921,370 4,374,578 4,781,426 4,869,393 5,608,159 5,819,554 6,714,182 6,900,451 6,935,547 8,261,345 9,813,288 10,680,933 11,780,813 11,970,448 12,111,554 13,660,024 15,554,089 18,401,308 23,370,102 25,936,858 27,296,217 30,373,447 33,015,757 33,914,972 39,424,419 45,054,236 44,785,439 50,403,674 56,883,828 62,557,604 59,936,482 67,732,264 80,431,583 94,838,336 Increase in Amount of Deposits over Previous Year. _ $513,597 453,208 400,848 87,967 738,766 211,395 894,628 186,270 35,095 1,325,798 1,551,943 867,645 1,099,880 189,635 141,106 1,548,471 1,894,065 2,847,219 4,968,794 2,566,756 1,257,359 3,077,231 2,642,310 899,215 5,509,647 5,629,817 268,7972 5,618,235 6,480,154 5,673,775 2,621,1212 7,795,281 12,699,319 14,406,752 Per centage of In crease. _ 15.07 11.56 9.16 1.84 15.17 3.77 15.37 2.77 .51 19.12 18.79 8.84 10.30 1.61 1.18 12.79 13.87 18.31 27.00 10.98 4.85 11.27 8.69 2.72 16.25 14.28 .602 12.54 1 2 .8 6 9.97 4.192 13.01 18.75 17.91 Aver age to Each Ac count. $140 143 146 146 147 152 157 162 162 160 166 168 169 172 171 169 174 179 189 199 189 184 184 186 185 191 195 198 20 2 208 214 205 213 230 247 Popula tion of Mas sachu setts. 614,408' - 737,609 994,514 - Deposits to Each Person of Popula tion. $5.58 - 7.88 “ - 13.73 - State Taxes paid. _ “ - - - - 1,132,369 1,232,065 24.12 35.59 - Percent age of Expense to Total D e posits. Expense of Manage ment. __ $10,968 12,066 14,413 17,504 18,329 17,204 17,952 19,248 20,777 - 33 22,688 - - 47.29 - 120 ,886 1,267,329 - - $228,683 400,080 452,399 364,591 311,848 361,889 570,065 135,783 140,713 184,739 203,348 219,257 254,225 297,527 - 29 27,017 29,307 34,490 36,405 37,361 41,681 43,707 49,380 59,071 63,471 77,757 89,309 102,027 105,339 107,951 112,264 - Percent age of Expense to Total Assets. .26 28 .27 27 . J .29 .33 .32 -d l - [Pub. Doc. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 22 Increase in Number of Ac counts over Previous Year. R E PO R T OF TH E 1834 ........................................ 1835 ........................................ 1836 ........................................ 1837 ........................................ 1838 ........................................ 1839 ........................................ 1840 ........................................ 1 8 4 1 ........................................ 1842 ........................................ 1843 ........................................ 1844 ........................................ 1845 ........................................ 1846 ........................................ 1847 ........................................ 1848 ........................................ 1849 ........................................ 1850 ........................................ 1 8 5 1 ........................................ 1852 ........................................ 1853 ........................................ 1854 . . . . 1855 ........................................ 1856 ........................................ 1857 ........................................ 1858 ........................................ 1859 ........................................ 1860 ........................................ 1 8 6 1 ........................................ 1862 ........................................ 1863 ........................................ 1864 ........................................ 1865 ........................................ 1866 ........................................ 1867 ........................................ 1868 ........................................ N um ber of Banks. Number of Deposit Ac counts. » In 1830. 48,675 57,028 72,404 69,045 35,983 35,870 18,540 18,650 468 65,5062 1,304 30,840 32,556 33,567 33,492 19,998 22,779 57,252 38,739 38,424 46,492 54,123 47,386 58,733 24,557 32,597 55,389 38,189 43,661 22,393 70,725 57,562 58,631 67,174 62,201 43,599 62,873 78,891 63,266 2,282 66,968 60,076 36,573 63,374 65,344 42,747 40,199 108,062 34,377 4,8122 12.71 13.21 14.81 12.30 5.71 5.38 2.64 2.59 .06 8.862 .19 4.56 4.61 4.54 4.34 2.48 2.76 6.75 4.28 4.07 4.73 5.27 4.37 5.19 2.06 112,119,016 135,745,097 163,704,077 184,797,313 202,195,343 217,452,120 237,848,963 243,340,642 244,596,614 209,860,631 206,378,709 218,047,922 230,444,479 241,311,362 252,607,593 262,720,146 274,998,412 291,197,900 302,948,624 315,185,070 332,723,688 353,592,937 369,526,385 393,019,862 399,995,569 2 .6 8 416,778,017 4.44 439,269,861 2.93 453,220,257 3.26 473,919,094 1.62 488,642,923 5.03 518,202,048 3.90 540,403,686 3.82 560,705,752 4.22 586,937,084 608,415,409 3.75 2.53 631,313,800 662,808,312 3.56 4.31 694,081,141 3.32 706,940,596 .1 2 709,519,730 743,101,481 3.39 770,814,453 2.94 1.74 802,220,707 2.96 838,635,098 869,919,019 2.97 899,279,593 1.89 928,830,655 1.74 997,694.818 4.60 1,022,342,583 1.40 .192 1,033,892,914 17,280,680 23,626,080 27,958,980 21,093,236 17,398,029 15,256,777 20,396,842 5,491,679 1,255,971 34,735,9832 3,481,9212 11,669,212 12,396,556 10,866,883 11,296,230 10,112,553 12,278,265 16,199,488 11,750,723 12,236,446 17,538,618 20,869,248 15,933,448 23,493,476 6,975,707 16,782,447 22,491,843 13,950,396 20,698,837 14,723,829 29,559,124 22,201,637 20,302,066 26,231,331 21,478,325 22,898,390 31,494,512 31,272,828 12,859,455 2,579,134 33,581,751 27,712,972 31,406,254 36,414,391 31,283,921 29,360,576 29,551,059 68,864,163 24,647,765 11,550,331 18.22 21.07 20.60 12.89 9.41 7.55 9.38 2.31 .52 14.202 1.662 5.65 5.69 4.72 4.68 4.00 4.67 5.89 4.04 4.04 5.57 6.27 4.51 6.36 1.77 4.19 5.40 3.18 4.57 3.11 6.05 4.28 3.76 4.68 3.66 3.76 4.99 4.72 1.85 .36 4.73 3.73 4.07 4.54 3.73 3.37 3.29 7.41 2.47 1.13 259 277 291 293 303 309 330 329 330 311 305 308 311 312 313 318 323 321 320 320 323 326 326 330 329 334 337 338 342 347 350 352 351 353 353 357 362 363 359 359 364 367 375 381 384 389 395 406 410 416 _ - 1,457,352 93.14 - - - - 1,651,652 144.00 _ - - _ - 1,783,086 122.29 _ - _ - 1,941,465 141.64 - _ - _ _ - 2,238,943 _ _ - 157.92 - - - 2,500,183 175.69 - - _ - - 2,805,346 _ _ _ _ 192.63 _ • 3,003,680 _ _ 3,366,416 — - 220.67 - 228.97 _ - _ _ _ - 3,693,310 251.49 _ - “ 771,998 927,254 1,097,332 1,329,709 1,454,719 1,550,500 1,707,088 1,802,127 1,814,623 1,646,155 1,500,851 1,513,138 1,602,238 935,274 1,090,286 789,686 815,930 861,373 898,634 924,555 957,335 1,013,060 1,053,606 1,094,905 1,143,200 1,138,128 1,191,589 1,240,469 1,249,531 1,275,640 1,330,163 1,410,115 1,472,349 1,535,960 1,604,300 1,658,765 1,751,481 1,854,131 1,897,693 1,878,149 1,805,363 1,758,825 1,740,423 1,749,475 1,755,051 1,753,678 1,773,862 1,797,662 1,909,473 1,841,542 * Decrease. 339,271 375,734 429,080 469,681 547,518 644,682 661,503 657,858 671,728 606,550 590,820 581,274 617,672 619,829 650,247 658,690 674,561 698,087 747,295 783,158 827,619 850,978 882,787 936,829 1,010,639 1,028,838 1,080,611 1,134,581 1,162,136 1,202,708 1,233,166 1,283,289 1,333,523 1,374,564 1,447,237 1,546,904 1,583,889 1,648,061 1,789,485 1,897,169 1,929,012 2,057,350 2,240,267 2,283,688 2,427,363 2,509,321 2,579,422 2,777,629 2,940,017 3,264,146 .30 .27 .26 .25 .26 .29 .277 .27 .275 .289 .286 .271 .268 .257 .257 .257 .245 .239 .247 .248 .249 .241 .239 .238 .252 .246 .246 .250 .245 .246 .238 .237 238 .234 .238 .245 .239 .237 .253 .267 .260 .266 .279 .272 .279 .279 .277 .278 .287 .316 - - - .264 .269 .280 .277 .257 .259 .247 .247 .240 .235 .229 .235 .236 .236 .228 .226 .225 .238 .233 .232 .235 .231 .231 .224 .223 .224 .2 2 0 .2 2 2 .229 .224 .2 2 2 .236 .249 .242 .248 .259 .253 .258 .258 .256 .257 .263 .288 xxxvii 431,769 488,797 561,201 630,246 666,229 702,099 720,639 739,289 739,757 674,251 675,555 706,395 738,951 772,518 806,010 826,008 848,787 906,039 944,778 983,202 1,029,694 1,083,817 1,131,203 1,189,936 1,214,493 1,247,090 1,302,479 1,340,668 1,384,329 1,406,722 1,477,447 1,535,009 1,593,640 1,660,814 1,723,015 1,766,614 1,829,487 1,908,378 1,971,644 1,973,926 2,040,894 2,100,970 2,137,543 2,200,917 2,266,261 2,309,008 2,349,207 2,457,269 2,491,646 2,486,834 BAN K COMMISSIONER. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 130 139 160 172 175 179 180 180 179 168 166 164 165 166 168 168 171 172 173 176 177 179 180 184 185 185 187 187 187 185 186 186 186 186 187 188 189 189 189 189 189 192 192 194 193 195 195 196 196 196 No. 8.] 1869 . 1870 . 1871 . 1872 . 1873 . 1874 . 1875 . 1876 . 1877 . 1878 . 1879 . 1880 . 1881 . 1882 . 1883 . 1884 . 1885 . 1886 . 1887 . 1888 . 1889 . 1890 . 1891 . 1892 . 1893 . 1894 . 1895 . 1896 . 1897 . 1898 . 1899 . 1900 . 1901 . 1902 . 1903 . 1904 . 1905 . 1906 . 1907 . 1908 . 1909 .' 1910 . 1911 . 1912 . 1913 . 1914 . 1915 . 1916 . 1917 . 1918 . R E PO R T OF THE XXXV111 [Pub. Doc STATEM ENT P rincipal A ssets Year. United No States and Mas of Cos. sachusetts Bonds. Other Stocks and Bonds. $501,862 Loans on Real Estate. Demand Loans with Col lateral. Other Demand Loans. and L iabilities Time Loans with Col lateral. Other Time Loans. of A ll T rust Banking Houses. Due from Reserve Banks. 1879 3 SI,867,707 1880 4 1,609,581 643,450 195,900 1,401,150 1881 5 1,240,207 1,389,149 183,500 1882 5 1,230,212 1,968,599 153,800 1883 5 1,384,544 1,792,268 132,300 1,288,433 1,434,220 3,915,637 1884 5 1,340,200 1,793,654 113,578 1,314,541 2,477,091 2,900,508 1885 5 2,512,452 1,726,354 223,178 2,603,282 2,700,705 3,763,793 8,100,195 1886 6 1,990,500 2,385,070 228,878 2,649,100 3,002,291 4,913,078 8,580,580 33,000 3,882,854 1887 9 1,930,000 3,296,763 442,078 2,509,850 2,551,066 4,268,285 11,933,801 33,000 3,929,109 $252,400 $1,121,748 $113,000 $2,848,031 $916,771 $33,000 $854,871 80,000 3,894,905 1,518,247 33,000 2,568,476 1,658,089 1,435,529 4,506,777 3,623,064 33,000 2,100,147 921,851 1,230,216 3,087,998 5,950,107 33,000 2,476,314 9,030,569 33,000 3,336,895 9,745,024 33,000 3,465,035 33,000 5,018,599 1888 12 1,850,500 4,771,258 302,123 1,949,597 3,642,234 2,981,927 16,479,571 73,000 6,828,451 1889 12 1,205,500 4,806,117 427,042 4,382,512 2,199,100 6,828,861 13,603,870 289,327 8,782,653 5,515,350 1890 14 1,050,500 4,390,680 509,424 7,620,102 16,756,143 10,551,919 301,327 1891 17 1,142,096 5,221,897 689,608 9,634,482 8,824,712 311,486 7,418,938 1892 19 2,482,410 7,314,499 1,191,640 9,810,396 - 1 19,902,256 - 1 22,849,001 11,278,171 408,453 8,815,659 1893 22 1,367,127 7,559,600 1,258,765 8,313,778 - 1 16,409,984 11,945,062 610,940 12,317,451 1894 24 3,783,933 7,003,020 1,963,041 7,616,894 - 1 20,318,177 17,448,722 677,653 17,633,583 1895 31 3,958,873 7,117,138 2,487,419 11,092,451 - 1 22,203,891 21,702,154 677,653 14,242,742 1896 31 4,138,245 8,441,558 2,216,171 8,422,439 - 1 20,534,342 18,419,411 677,653 10,290,374 1897 33 4,073,208 12,845,577 2,726,017 9,793,712 - 1 25,523,218 21,343,240 864,742 17,532,727 1898 34 2,368,089 18,898,455 3,306,881 11,239,247 - 1 29,924,166 22,424,668 879,076 22,728,203 1899 36 2,055,694 20,816,377 3,004,398 19,885,100 - 1 35,799,876 22,362,351 1,154,478 21,083,138 1900 35 1,060,200 20,523,020 3,559,879 16,762,126 - 1 31,638,493 26,976,691 1,146,639 19,731,537 1901 35 505,500 22,241,276 4,304,483 20,320,743 19,418,175 42,049,638 11,040,992 1,814,323 20,553,555 1902 37 50,500 26,669,446 5,084,068 25,095,387 12,364,712 43,596,283 17,546,640 2,230,870 25,768,803 1903 41 50,550 30,982,634 5,504,246 26,864,326 12,686,898 38,449,751 22,092,149 2,392,107 24,904,962 - 1 40,753,957 1904 41 52,667 32,964,825 4,832,324 1905 44 54,832 36,608,408 6,149,126 34,824,407 -1 74,189,357 3,556,859 27,232,262 4,520,595 45,764,178 51,672,412 3,856,004 25,244,716 1906 46 6,659,026 32,565,893 6,624,890 34,879,270 4,999,834 42,757,552 59,495,276 4,657,368 25,158,012 1907 50 5,437,875 31,353,584 6,560,614 26,306,671 4,381,416 40,002,160 61,128,698 4,876,046 25,916,821 1908 52 5,680,721 33,795,341 5,968,266 30,617,598 5,858,675 43,647,418 73,023,727 6,436,471 36,808,861 1909 53 4,725,043 30,212,659 5,941,147 36,591,076 4,979,737 51,251,995 83,292,260 7,787,924 31,034,603 1910 57 4,838,547 29,785,184 7,637,898 37,364,094 6,743,098 46,164,189 97,177,624 8,290,718 27,695,972 1911 62 4,138,133 34,113,583 8,819,764 40,151,455 8,372,708 51,613,068 119,941,583 8,152,519 33,286',384 1912 65 3,533,077 36,482,476 11,129,773 41,412,395 10,542,839 54,878,172 109,461,818 8,117,556 30,599,812 1913 70 3,808,112 38,771,923 11,831,708 45,862,470 10,899,731 48,964,031 112,702,804 8,855,368 35,238,193 3,705,487 36,079,362 12,692,364 38,368,667 13,301,249 57,831,513 127,810,271 8,078,748 37,709,534 1914 74 1915 77 1916 91 4,177,763 11,468,489 16,518,206 14,289,935 13,387,273 66,681,645 148,992,848 8,134,753 57,410,448 4,789,319 13,683,802 23,221,210 55,652,318 20,596,817 84,083,172 178,109,473 8,317,428 51,773,177 1917 00 14,114,002 19,933,893 28,273,550 55,136,850 28,002,613 30,050,300 194,846,000 9,611,552 59,474,647 1918 02 2,618,221 )0,405,966 ’6,862,147 54,839,054 29,434,335 38,056,366 209,923,015 9,871,635 56,484,463 1The forms upon which the annual reports for these years were rendered did not show these items separately. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BAN K COMMISSIONER No. 8.] X X X IX N o . 13. C o m p a n ie s Due from Other Banks. _ from 1879 to 1918 in c l u s iv e . Surplus and Undivided Earnings less Exp., Int. and Taxes. Other Liabili ties. Other Assets. Total Assets and Liabilities. Capital Stock. $154,519 $104,939 $8,768,848 $1 , 100,000 $280,264 $7,363,333 _ $25,251 1879 134,924 98,799 12,178,432 1,237,200 375,054 10,261,770 - 304,408 1880 1881 Currency and Specie. Deposits Demand. Deposits Time. Year. - 138,279 67,824 16,375,565 2,400,000 470,935 12,772,255 - 732,375 _ 200,514 52,858 17,305,469 2,600,000 602,054 13,776,389 - 327,026 1882 $989 190,534 61,108 22,600,497 2,600,000 831,376 19,090,843 $49,393 28,885 1883 1884 - 281,080 77,736 23,541,447 2,800,000 1,064,835 19,539,346 - 137,266 - 289,748 43,714 27,015,020 2,800,000 1,117,847 22,993,613 - 103,560 1885 8,554 389,274 55,831 28,119,010 3,101,500 1,404,171 23,446,737 - 166,602 1886 30,345 539,659 67,336 31,531,292 4,400,000 1,944,811 23,841,976 - 1,344,505 1887 32,473 546,022 142,653 39,599,809 4,700,000 2,314,452 31,551,776 - 1,033,581 1888 29,770 1889 664,211 140,577 43,359,540 4,800,000 2,708,654 34,653,000 - 1,197,886 850 1,004,264 155,993 47,856,552 6,550,000 3,979,853 36,713,850 - 612,849 1890 14,495 1,602,475 215,056 54,977,501 7,775,000 4,655,027 41,699,163 - 848,311 1891 8,664 1,656,054 252,902 66,067,849 8,475,000 5,106,863 51,498,128 - 987,858 1892 6,215 2,457,902 314,737 62,561,561 9,075,000 5,689,730 46,884,726 - 912,105 1893 1894 10,310 2,085,086 403,558 78,943,977 9,275,000 5,875,700 62,826,190 - 967,087 2,420 2,689,362 382,175 86,556,278 10,375,000 6,374,737 69,096,779 - 709,762 1895 11,246 3,175,288 410,932 76,737,659 10,475,000 7,059,645 58,014,417 - 1,188,597 1896 36,625 2,694,146 66,007 3,659,692 449,524 97,882,736 10,875,000 7,356,778 78,092,229 - 1,558,729 1897 426,568 115,921,052 10,875,000 8,350,855 95,044,949 - 1,650,248 1898 55,593 3,846,567 6,320 3,740,174 415,013 130,478,585 11,475,000 9,830,755 107,308,805 - 1,864,025 1899 414,794 125,559,873 11,375,000 11,325,457 101,052,678 - 1,806,738 1900 14,331 4,751,585 443,614 147,458,215 11,875,000 13,509,728 119,473,973 - 2,599,514 1901 20,270 4,921,885 520,905 163,869,769 14,225,000 17,179,118 129,678,629 - 2,787,022 1902 15,695 5,573,906 535,290 170,052,514 16,025,000 20,922,285 131,476,585 - 1,628,644 1903 5,438,123 8,012,491 1,909,533 198,942,398 16,476,000 22,509,210 152,075,517 6,073,123 1,808,548 1904 3,046,058 9,867,165 4,738,854 9,807,582 2,251,426 223,859,327 17,076,000 23,782,386 174,443,960 6,079,095 2,477,886 1905 5,268,776 237,612,333 16,427,000 26,889,262 183,301,054 8,780,285 2,214,732 1906 2,638,663 11,634,191 6,293,815 226,530,554 17,227,000 28,231,995 170,158,552 7,782,565 3,130,442 1907 7,313,884 10,859,653 2,897,460 262,908,075 17,729,200 29,213,445 203,305,006 10,032,101 2,628,323 1908 6,418,366 17,315,014 2,891,708 282,441,532 18,319,700 30,804,173 219,935,962 9,610,567 3,771,130 1909 4,277,321 19,100,509 2,877,729 291,952,883 18,939,100 33,539,480 230,529,802 5,882,244 3,062,257 1910 8,108,438 21,961,451 3,550,704 342,209,790 23,038,000 32,524,435 268,152,950 15,012,855 3,481,550 1911 5,726,352 21,755,799 3,168,492 336,808,561 24,792,400 35,172,079 262,714,556 8,824,186 5,305,340 1912 6,756,409 24,146,996 3,975,763 351,813,508 26,092,700 37,226,663 274,609,979 9,131,384 4,752,782 1913 7,702,549 22,612,953 3,731,610 369,624,307 27,042,300 34,796,881 287,250,496 16,014,953 4,519,677 1914 9,799,366 25,645,672 5,700,721 442,207,119 28,392,900 33,294,938 356,494,497 21,919,677 2,105,107 1915 8,032,337 28,439,835 7,558,194 514,257,082 30,575,000 36,642,052 409,995,664 26,035,917 11,008,449 1916 20,566 195 25,038,099 6,074,419 591,122,120 29,222,016 26,512,722 18,834,307 673,064,248 34,896,000 40,238,025 461,024,559 23,529,595 31,433,9412 1917 35,275,000 41,920,056 505,412,346 20,582,242 69,874,604 2 Including acceptances and notes rediscounted, letters of credit, bills payable, etc. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1918 xl REPORT OF THE [Pub. Doc STATEM ENT P r in c ip a l Year United No States and of Mas Cos sachusetts Bonds. Other Stocks and Bonds. 1879 2 $1,591,707 $309,462 1880 3 1,402,381 453,050 Loans on Real Estate. Demand Loans with Col lateral. $175,500 $1,106,223 162,500 1,375,050 A ssets an d Other Demand Loans. Time Loans with Col lateral. $113,000 $2,848,031 80,000 3,894,905 L ia b il it ie s Other Time Loans. $287,00C of B oston Banking Houses. Due from Reserve Banks. - 684,114 1881 4 1,238,157 1,203,749 159,800 1,487,750 1,435,529 4,506,777 2,478,710 1882 4 1,221,462 1,783,199 132,400 901,351 1,230,216 3,087,998 4,611,502 $742,590 2,375,901 - 1,968,614 2,298,420 1883 4 1,373,194 1,556,868 1 1 1 ,1 0 0 1,268,433 1,434,220 3,915,637 7,753,752 1884 4 1,322,850 1,558,254 93,178 1,295,252 2,477,091 2,900,508 8,433,165 - 3,365,117 1885 4 2,472,302 1,490,954 206,178 2,596,682 2,700,705 3,763,793 6,732,551 - 4,784,298 3,094,105 1886 4 1,990,500 2,149,670 183,678 2,629,817 3,002,291 4,894,428 6,566,617 - 3,626,533 1887 7 1,900,000 3,079,363 395,528 2,509,850 2,518,358 4,238,035 9,622,365 - 3,633,980 1888 7 1,785,000 4,475,848 267,498 1,946,597 3,582,244 2,981,927 13,319,889 - 1889 7 1,135,000 4,433,734 356,287 4,194,989 2,199,100 6,412,756 9,899,013 $216,327 6,480,387 8,383,776 1890 9 960,000 4,047,208 414,734 7,385,910 - 1 16,296,990 6,600,300 216,327 4,949,284 1891 9 1,003,596 4,848,483 522,000 9,047,513 3,840,500 216,327 6,470,414 1892 10 2,299,985 6,472,711 838,175 9,197,368 - 1 19,218,852 - 1 21,990,117 4,895,610 295,927 7,723,407 1893 11 1,128,977 6,798,028 853,513 7,521,211 - 1 15,333,372 7,015,752 458,350 11,258,657 1894 11 3,431,733 6,093,235 1,417,551 6,491,921 - 1 18,909,448 10,887,543 500,000 16,228,975 1895 15 3,446,798 6,074,975 1,808,725 9,895,693 13,699,181 500,000 12,617,621 11,462,551 500,000 13,081,346 650,000 15,974,023 1896 14 3,569,778 7,167,819 1,559,350 7,461,738 - 1 20,772,033 - 1 19,004,475 1897 14 3,481,202 11,264,994 1,979,966 8,719,036 - 1 23,366,712 9,049,453 1898 14 2,092,089 16,523,687 2,432,685 10,008,694 - 1 27,509,344 14,275,813 650,000 20,915,766 1899 16 1,928,044 17,584,573 2,014,851 17,336,749 - 1 33,403,284 14,433,141 926,442 19,594,697 1900 16 1,059,000 17,375,051 2,457,391 14,015,601 - i 29,264,749 18,993,352 916,396 17,943,157 1901 16 505,000 18,643,195 3,224,297 17,346,362 15,266,312 39,455,209 6,575,655 1,575,969 18,373,094 1902 18 50,000 22,905,331 3,677,631 22,017,398 7,924,578 40,543,057 12,661,173 2,005,084 23,380,113 1903 19 50,000 25,903,398 4,034,633 23,508,361 7,651,269 33,045,418 16,065,936 2,182,300 21,808,261 - 1 35,555,336 1904 20 52,117 27,499,732 3,244,527 1905 20 54,282 30,371,305 4,289,607 30,605,282 1906 20 5,258,364 27,211,836 4,153,051 30,754,264 3,446,332 36,049,632 38,842,351 4,280,158 20,011,595 1907 22 3,942,131 25,615,500 3,845,199 22,364,441 2,831,038 33,546,742 38,518,613 4,423,706 21,811,831 -1 57,349,971 3,344,872 23,957,133 3,388,076 39,765,501 34,965,688 3,623,440 21,580,601 1908 23 4,217,762 27,199,245 3,008,790 26,507,050 4,283,257 35,548,782 49,531,224 5,876,438 31,445,972 1909 23 3,805^909 24,785,494 3,354,605 31,771,481 3,856,867 42,409,926 55,411,835 7,205,360 25,485,500 1910 23 3,808,906 23,529,188 4,185,978 31,841,266 5,306,286 36,957,502 65,877,464 7,500,078 21,181,009 1911 22 3,121,149 25,768,864 4,697,304 34,406,478 6,267,200 42,003,711 86,341,885 7,387,944 26,231,429 1912 22 2,515,054 27,501,680 5,168,416 34,451,120 7,944,412 44,969,495 73,936,307 7,149,683 23,976,311 1913 24 2,846,706 28,002,070 5,489,149 37,473,172 8,242,709 38,674,769 76,186,639 7,554,839 27,758,320 1914 24 2,606,373 21,953,540 5,584,909 30,147,804 9,995,728 46,055,409 1915 26 2,824,634 24,087,673 7,207,447 34,999,667 1916 29 3,037,237 21,458,628 10,844,530 44,928,667 15,857,354 69,055,351 131,758,865 6,622,188 10,774,654 29 22,384,897 25,895,040 13,747,882 42,969,144 22,163,041 58,368,825 138,974,632 7,477,776 14,637,916 29 36,097,282 25,576,821 13,515,112 49,427,088 23,971,126 50,117,486 149,121,414 7,532,287 58,407,418 1917 1918 90,309.910 6.508,681 28,657,145 9,902,744 54,202,675 110,661,385 6,587,650 16,043,590 1 1 The forms upon which the annual reports for these years were rendered did not show these items separately. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No, BANK COMMISSIONER xli N o . 14. T rust C o m p a n ie s Due from Other Banks. Currency and Specie. from Other Assets. 1879 to Total Assets and Liabilities. 1918 Capital Stock. in c l u s iv e Surplus and Undivided Earnings less Exp., Int. and Taxes. . Deposits Demand. Deposits Time. Other Liabili ties. Year. _ $74,131 $47,247 $7,294,891 $900,000 $245,717 $6,126,857 _ $22,317 1879 - 35,198 57,260 10,520,359 1,037,200 342,213 8,839,595 - 301,351 1880 - 33,729 49,007 14,561,822 2 , 200,000 432,319 11,197,359 - 732,144 1881 - 77,999 35,254 15,379,801 2,400,000 563,694 12,089,552 - 326,555 1882 $989 95,779 43,370 20,647,447 2,400,000 762,978 17,406,224 $49,393 28,852 1883 - 159,429 58,474 21,663,318 2,600,000 968,468 17,957,617 - 137,233 1884 - 172,634 20,600 24,940,697 2,600,000 1,018,770 21,218,367 - 103,560 1885 - 227,049 50 25,270,633 2,701,500 1,294,118 21,108,443 - 166,572 1886 - 382,157 2,982 28,282,618 3,900,000 1,783,668 21,254,460 - 1,344,490 1887 - 346,442 41,725 35,227,557 3,900,000 2,122,446 28,174,880 - 1,030,231 1888 1889 - 422,746 48,242 37,701,970 3,900,000 2,483,238 30,124,146 - 1,194,586 - 724,488 68,720 41,663,961 5,550,000 3,714,415 31,790,357 - 609,189 1890 - 1,314,518 94,901 46,577,104 6,250,000 4,334,342 35,148,231 - 844,531 1891 1892 - 1,273,096 95,824 55,082,220 6,850,000 4,693,946 42,557,168 - 981,106 - 1,982,708 87,143 52,437,711 7,050,000 5,151,159 39,349,658 - 886,894 1893 - 1,613,903 136,600 65,710,909 7,050,000 5,308,265 52,391,564 - 961,080 1894 - 2,028,279 117,377 70,960,682 7,650,000 5,711,725 56,897,697 - 701,260 1895 - 2,371,934 108,805 62,255,903 7,650,000 6,245,893 47,304,135 - 1,055,875 1896 - 2,162,726 80,946 80,760,951 7,850,000 6,456,844 64,978,179 - 1,475,928 1897 10,299 2,947,165 75,985 97,441,527 7,850,000 7,421,295 80,540,785 - 1,629,447 1898 1899 - 3,108,544 76,757 110,407,082 8,450,000 8,847,220 91,262,818 - 1,847,044 - 2,965,973 75,554 105,066,224 8,450,000 10,181,302 84,647,563 - 1,787,359 1900 - 3,862,512 76,846 124,904,451 8,750,000 12,198,959 101,394,048 - 2,561,444 1901 - 4,161,410 166,709 139,492,484 1 1 , 100 ,0 0 0 15,651,855 109,974,337 - 2,766,292 1902 - 4,380,790 179,247 138,809,613 1 2 , 100,000 18,673,134 106,526,390 - 1,510,089 1903 4,676,774 6,491,685 1,391,476 163,563,623 12,501,000 19,821,033 126,730,504 2,803,298 1,707,788 1904 2,754,490 8,133,129 1,582,324 181,113,725 12,501,000 20,756,530 143,238,007 2,311,815 2,306,373 1905 4,313,847 7,569,665 4,267,513 186,158,608 1 1 , 10 2,00 0 22,907,635 145,690,660 4,383,635 2,074,678 1906 2,381,653 9,012,924 5,219,294 173,513,072 11,552,000 23,700,281 132,839,193 2,704,150 2,717,448 1907 6,857,742 8,636,302 2,103,923 205,216,487 11,752,000 24,463,568 162,357,267 4,108,580 2,535,072 1908 6,047,627 13,944,113 2,037,384 220,116,101 12,152,000 25,425,250 170,162,557 8,995,830 3,380,464 1909 3,842,206 15,125,470 1,951,709 221,107,062 12,252,000 27,604,171 173,146,758 5,298,654 2,805,479 1910 7,641,463 17,314,048 2,463,148 263,644,623 15,050,000 26,423,810 204,952,703 14,235,391 2,982,719 1911 5,327,732 16,840,061 1,854,195 251,634,466 16,250,000 28,107,107 194,915,304 8,012,612 4,349,443 1912 6,236,917 18,676,214 2,684,567 259,826,071 17,250,000 29,394,421 201,752,811 7,217,219 4,211,620 1913 7,052,945 17,649,125 2,283,965 268,805,534 17,450,000 26,508,667 208,375,628 12,915,509 3,555,730 1914 9,082,495 18,981,902 3,833,634 328,415,496 18,480,200 24,546,626 265,669,190 18,242,255 1,487,225 1915 7,163,993 21,169,882 6,153,117 378,824,466 19,150,000 26,353,335 301,204,183 21,992,278 10,124,670 1916 18,919,405 15,456,115 3,895,592 414,890,265 21,471,000 28,519,815 318,697,303 18,753,492 27,448,6552 1917 23,653,848 16,993,131 17,005,496 461,418,509 21,550,000 29,686,621 346,875,245 14,321,305 48,985,338 Including acceptances and notes rediscounted, letters of credit, bills payable, etc. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 1918 xlii REPO RT OF TH E [Pub. Doc STATEM ENT P r in c ip a l Year. United No. States and of Mas Cos. sachusetts Bonds. Other Stocks and Bonds. Loans on Real Estate. Demand Loans with Col lateral. A ssets a n d L ia b il it ie s Other Demand Loans. Time Loans with Col lateral. Other Time Loans. of O u t s id e Banking Houses. Due from Reserve Banks. $112,281 1879 1 $276,000 $192,400 $76,900 $15,525 $629,771 $33,000 1880 1 207,200 190,400 33,400 26,100 - - 834,133 33,000 192,575 1881 1 2,050 185,400 23,700 170,339 - - 1,144,354 33,000 131,533 1882 1 8,750 185,400 21,400 20,500 - - 1,338,605 33,000 177,894 1883 1 11,350 235,400 2 1,2 0 0 20,000 - - 1,276,817 33,000 242,790 1884 1 17,350 235,400 20,400 19,289 - - 1,311,859 33,000 99,918 1885 1 40,150 235,400 17,000 6,600 - - 1,367,644 33,000 234,301 1886 2 - 235,400 45,200 19,283 - $18,650 2,013,963 33,000 256,321 1887 2 30,000 217,400 46,550 - $32,708 30,250 2,311,436 33,000 295,129 1888 5 65,500 295,410 34,625 3,000 59,990 - 3,159,682 73,000 348,064 1889 5 70,500 372,383 70,755 187,523 - 416,105 3,704,857 73,000 398,877 566,066 1890 5 90,500 343,472 94,690 234,192 _1 459,153 3,951,619 85,000 1891 8 138,500 373,414 167,608 586,969' -1 683,404 4,984,212 95,159 948,524 1892 9 182,425 841,788 353,465 613,028 -1 858,884 6,382,561 112,526 1,092,252 1893 11 238,150 761,572 405,252 792,567 -1 1,076,612 4,929,310 152,590 1,058,794 1894 13 352,200 909,785 545,490 1,124,973 -1 1,408,729 6,561,179 177,653 1,404,608 1895 16 512,075 1,042,163 678,694 1,196,758 -1 1,431,858 8,002,973 177,653 1,625,121 1896 17 568,467 1,273,739 656,821 960,701 -1 1,529,867 6,956,860 177,653 1,240,921 1897 19 592,006 1,580,583 746,051 1,074,676 -1 2,156,506 8,261,894 214,742 1,558,704 1898 20 276,000 2,374,768 874,196 1,230,553 -1 2,414,822 8,148,855 229,076 1,812,437 1899 20 127,650 3,231,804 989,547 2,548,351 -1 2,396,592 7,929,210 228,036 1,488,441 1900 19 1,2 0 0 3,147,969 1,102,488 2,746,525 -1 2,373,744 7,983,339 230,243 1,788,380 1901 19 500 3,598,081 1,080,186 2,974,381 4,151,863 2,594,429 4,465,337 238,354 2,180,461 1902 19 500 3,764,115 1,406,437 3,077,989 4,440,134 3,053,226 4,885,467 225,786 2,388,690 3,096,701 1903 22 550 5,079,236 1,469,613 3,355,965 5,035,629 5,404,333 6,026,213 209,807 1904 21 550 5,465,093 1,587,797 -1 5,198,621 -1 16,839,386 211,987 3,275,129 1905 24 550 6,237,103 1,859,519 4,219,125 1,132,519 5,998,677 16,706,724 232,564 3,664,115 1906 26 1,400,662 5,354,057 2,471,839 4,125,006 1,553,502 6,707,920 20,652,925 377,210 5,146,417 1907 28 1,495,744 5,738,084 2,715,415 3,942,230 1,550,378 6,455,418 22,610,085 452,340 4,104,990 1908 29 1,462,959 6,596,096 2,959,476 4,110,548 1,575,418 8,098,636 23,492,503 560,033 5,362,889 1909 30 919,134 5,427,165 2,586,542 4,819,595 1,122,870 8,842,069 27,880,425 582,564 5,549,103 6,514,963 1910 34 1,029,641 6,255,996 3,451,920 5,522,828 1,436,812 9,206,687 31,300,160 790,640 1911 40 1,016,984 8,344,719 4,122,460 5,744,977 2,105,508 9,609,357 33,599,698 764,575 7,054,955 1912 43 1,018,024 8,980,796 5,961,357 6,961,275 2,598,427 9,908,677 35,525,511 967,874 6,623,501 1913 46 961,406 10,769,853 6,342,559 8,389,298 2,657,022 10,289,262 36,516,165 1,300,529 7,479,873 1914 50 1,099,114 14,125,822 7,107,455 8,220,863 3,305,521 11,776,104 37,500,361 1,570,067 9,052,389 1915 51 1,353,129 17,380,816 9,310,759 9,290,268 3,484,529 12,478,970 38,331,463 1,547,103 11,366,858 1916 62 1,752,082 22,225,174 12,376,680 10,723,651 4,739,463 15,027,821 45,964,035 1,695,240 10,998,344 1917 71 10,078,365 25,689,593 14,525,668 12,167,706 5,839,572 21,681,474 55,871,368 2,133,775 14,836,731 1918 73 26,520,939 24,829,145 13,347,034 15,411,966 5,463,209 27,938,880 60,801,601 2,339,349 18,077,045 1 The forms upon which the annual reports for these years were rendered did not show these items separately. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER xliii N o . 15. T rust Due from Other Banks. C o m p a n ie s Currency and Specie. çrom Other Assets. 1879 to 1918 Total Assets and Liabilities. Capital Stock. in c l u s iv e Surplus and Undivided Earnings less Exp., Int. and Taxes. . Deposits Demand. Deposits Time. - Other Liabili ties. Year. $80,388 $57,692 $1,473,957 $200,000 $34,547 $1,236,476 _ $2,934 1879 - 99,726 41,539 1,658,073 200,000 32,841 1,422,175 - 3,057 1880 - 104,550 18,817 1,813,743 200,000 38,616 1,574,896 - 231 1881 - 122,515 17,604 1,925,668 200,000 38,360 1,686,837 - 471 1882 - 94,755 17,738 1,953,050 200,000 68,398 1,684,619 ■ - 33 1883 - 121,651 19,262 1,878,129 200,000 96,367 1,581,729 - 33 1884 - 117,114 23,114 2,074,323 200,000 99,077 1,775,246 - - 1885 $8,554 162,225 55,781 2,848,377 400,000 110,053 2,338,294 - 30 1886 30,345 157,502 64,354 3,248,674 500,000 161,143 2,587,516 - 15 1887 32,473 199,580 100,928 4,372,252 800,000 192,006 3,376,896 - 3,350 1888 29,770 241,465 92,335 5,657,570 900,000 225,416 4,528,854 - 3,300 1889 850 279,776 87,273 6,192,591 1 , 000,000 265,438 4,923,493 - 3,660 1890 14,495 287,957 120,155 8,400,397 1,525,000 320,685 6,550,932 - 3,780 1891 8,664 382,958 157,078 10,985,629 1,625,000 412,917 8,940,960 - 6,752 1892 6,215 475,194 227,594 10,123,850 2,025,000 538,571 7,535,068 - 25,211 1893 10,310 471,183 266,958 13,233,068 2,225,000 567,435 10,434,626 - 6,007 1894 2,420 661,083 264,798 15,595,596 2,725,000 663,012 12,199,082 - 8,502 1895 1896 11,246 803,354 302,127 14,481,756 2,825,000 813,752 10,710,282 - 132,722 36,625 531,420 368,578 17,121,785 3,025,000 899,934 13,114,050 - 82,801 1897 55,708 712,527 350,583 18,479,525 3,025,000 929,560 14,504,164 - 20,801 1898 1899 55,593 738,023 338,256 20,071,503 3,025,000 983,535 16,045,987 - 16,981 6,320 774,201 339,240 20,493,649 2,925,000 1,144,155 16,405,115 - 19,379 1900 14,331 889,073 366,768 22,553,764 3,125,000 1,310,769 18,079,925 - 38,070 1901 20,270 760,475 354,196 24,377,285 3,125,000 1,527,263 19,704,292 - 15,695 1,193,116 356,043 31,242,901 3,925,000 2,249,151 24,950,195 20,730 1902 118,555 1903 761,349 1,520,806 518,057 35,378,775 3,975,000 2,688,177 25,345,013 $3,269,825 100,760 1904 291,568 1,734,036 669,102 42,745,602 4,575,000 3.025,856 31,205,953 3,767,280 171,513 1905 425,007 2,237,917 1,001,263 51,453,725 5,325,000 3,981,627 37,610,394 4,396,650 140,054 1906 257,010 2,621,267 1,074,521 53,017,482 5,675,000 4,531,714 37,319,359 5,078,415 412,994 1907 456,142 2,223,351 793,537 57,691,588 5,977,200 4,749,877 40,947,739 5,923,521 93,251 1908 370,739 3,370,901 854,324 62,325,431 6,167,700 5,378,923 49,773,405 614,737 390,666 1909 435,115 3,975,039 926,020 70,845,821 6,687,100 5,935,309 57,383,044 583,590 256,778 1910 466,975 4,647,403 1,087,556 78,565,167 7,988,000 6,100,625 63,200,247 777,464 498,831 1911 398,620 4,915,738 1,314,295 85,174,095 8,542,400 7,064,973 67,799,251 811,574 955,897 1912 519,492 5,470,782 1,291,196 91,987,437 8,842,700 7,832,242 72,857,168 1,914,165 541,162 1913 649,604 4,963,828 1,447,645 100,818,773 9,592,300 8,288,214 78,874,868 3,099,444 963,947 1914 716,871 6,663,770 1,867,087 113,791,623 9,912,700 8,748,312 90,825,307 3,677,422 627,882 1915 883,779 1916 868,344 7,269,953 1,791,650 135,432,616 11,425,000 10,288,717 108,791,481 4,043,639 1,646,791 9,581,985 2,178,827 176,231,855 13,425,000 11,718,210 142,327,257 4,776,103 5,568,168 9,519,591 1,828,811 211,645,738 13,725,000 12,233,435 158,537,101 6,260,936 20,889,266 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2 Including bills payable and notes rediscounted. 3,985,285s 1917 1918 REPO RT OF THE x liv STATEM ENT [Pub. Doc N o . 16. B anking D epartments, A ll T rust C ompanies. Mar. 4, 1918 May 10,1918 June 29,1918 Aug. 31, 1918 N ov. 1,1918 100 10 0 10 0 10 0 Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. 10 2 Trust Com panies. Assets. S e c u r it ie s . United States bonds Liberty Loan bonds and subscrip .................................................. tions Massachusetts bonds Federal Reserve Bank stock . Bonds deposited with U. S. Treasurer to secure postal savings dep o s i t s .................................................. Other stocks and bonds Securities acquired in settlement of indebtedness . . . . $21,433,327 $24,077,156 $24,703,397 $36,151,091 $55,912,758 1,370,246 2,932,138 424,500 1,864,405 1,793,795 492,000 1,728,260 1,791,371 408,000 1,772,821 1,716,328 412,500 4,921,901 1,783,562 430,500 1,510,619 49,229,387 3,414,083 47,228,041 3,968,793 46,413,025 2,858,800 46,755,977 2,913,192 46,636^651 378,919 388,450 462,996 470,402 425,623 27,882,966 62,170,856 24,188,728 67,152,568 181,874,784 182,882 430,639 18,370,032 2,263,202 3,832,079 28,102,850 59,964,000 26,500,550 74,271,274 191,311,144 360,625 288,801 19,150,413 4,223,638 302,550 27,369,429 60,234,064 28,678,458 72,210,540 192,860,672 269,423 288,601 20,109,476 4,642,823 327,550 26,477,897 57,912,466 28,658,190 69,277,452 189,964,605 397,583 310,026 19,171,183 1,783,038 4,105,769 26,862,147 64,839,054 29,434,335 84,840,718 193|69l|l73 486,977 307,051 15,595,259 15,657,451 574,390 R e a l E s t a t e , e tc . Banking houses Real estate by foreclosure Safe deposit vaults Furniture and fixtures 9,685,576 332,085 679,126 618,465 9,764,651 332,729 729,293 544,201 9,847,555 317,049 680,494 591,548 9,822,088 403,324 739,509 598,093 9,871,636 477,949 693,644 651,520 M is c e l l a n e o u s . Other assets Letters of credit outstanding and exchanges for clearing house 599,777 830,388 864,982 569,825 621,907 3,093,626 2,115,797 1,949,035 2,009,502 3,215,648 55,453,907 22,454,982 21,902,661 3,644,568 736,566 56,940,626 24,555,586 21,401,790 3,637,531 627,213 46,055,691 40,759,448 17,879,909 4,528,260 1,482,619 46,023,526 30,774,513 17,347,921 2,266,877 877,082 56,484,463 29,222,016 20,574,926 4,500^036 1,437,760 $584,829,211 $605,213,580 $611,423,468 $599,628,388 $673,064,247 L o a n s , etc . Loans on real estate Demand loans with collateral Other demand loans Time loans with collateral Other time loans . . . . Overdrafts . . . Syndicate participations A c c e p t a n c e s ........................................ Notes and bills rediscounted . Loans for customers . _ , C ash . Due from reserve banks Due from other banks Currency and specie Checks on other banks . Other cash items . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . BANK COMMISSIONER, No. 8.] STATEM ENT B a n k in g xlv N o . 16 — Concluded. D epartm ents, A ll T rust C o m p a n ie s — Concluded. Mar. 4, 1918 May 10,1918 June 29, 1918 Aug. 31, 1818 N ov. 1, 1918 100 100 Trust Com panies. 10 0 Trust Com Trust Com panies. panies. 10 0 10 2 Trust Com Trust Com panies. panies. Liabilities. Capital s to c k * ........................................ Surplus f u n d ........................................ Guaranty fund . . . . Undivided earnings, less expenses, interest and taxes paid Deposits, demand: — Subject to check . . . . For payment of coupons, etc. Certificates of deposit . Certified checks . . . . Treasurer’s checks Deposits, time: — Certificates of deposit not payable within thirty days Open accounts not payable within "thirty days . . . . Payments on Liberty Loan bonds . Due to reserve banks Due to other banks Sinking funds, railroads . Sinking funds, corporations . Dividends unpaid . . . . Bills payable, including certificates of deposit representing money b o r r o w e d ........................................ Reserved for taxes . . . . Reserved for interest Acceptances and letters of credit . Acceptances rediscounted Notes rediscounted at Federal Reserve Bank . . . . . Loans to customers . . . . Bills endorsed and sold . < Reserved for depreciation Other liabilities . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $34,975,000 28,857,251 225,000 $35,075,000 28,947,251 225,000 $35,075,000 29,178,751 265,000 $35,075,000 29,232,251 268,750 $35,275,000 , 29,572,251 265,000 10,522,381 11,525,450 10,734,118 11,679,913 11,897,145 400,002,421 2,769,316 9,007,245 1,620,953 3,657,418 416,782,847 2,794,256 8,654,426 2,512,897 3,789,873 402,860,440 6,857,772 7,445,612 3,052,672 2,293,960 400,437,138 3,596,698 7,530,388 1,453,351 2,251,491 438,382,171 4,550,681 8,673,227 2,105,065 5,364,804 9,689,239 8,415,674 5,694,790 8,429,633 6,968,340 12,327,492 1,955,679 4,518,378 25,122,442 468,018 587,711 26,781 13,370,461 3,543,716 5,231,904 24,692,926 179,521 500,329 13,080 13,492,863 2,360,618 27,226,883 20,475,195 172,765 491,917 474,270 13,400,398 2,959,494 12,606,521 19,519,481 359,574 454,092 22,416 13,613,902 9,619,422 22,915,322 22,341,600 358,415 644,340 76,721 4,822,061 835,033 601,513 19,215,232 - 5,803,004 1,111,185 391,395 19,400,324 24,755 7,169,119 1,071,502 508,846 19,997,315 476,275 11,872,500 1,216,011 707,944 19,655,662 13,804,634 1,070,979 371,530 14,972,240 133,051 7,574,386 10,742,725 302,550 252,847 930,184 12,582,609 327,550 142,166 995,460 15,890,248 257,550 185,982 565,902 28,725,845 574,390 3,832,079 151,670 1,461,512 $584,829,211 $605,213,580 $611,423,468 $599,628,388 $673,064,247 - 185,660 602,512 xlvi REPO RT OF TH E STATEM ENT B a n k in g [Pub. D oc N o . 17. D epartm ents, T rust C o m p a n ie s in B oston. Mar. 4,1918 May 10,1918 June 29, 1918 Aug. 31, 1918 N ov. 1,1918 29 29 29 29 29 Trust Com Trust Com Trust Com Trust Com - Trust Com panies. panies. panies. panies. panies. Assets. S e c u r it ie s . United States bonds Liberty Loan bonds and subscrip tions . . . . . . Massachusetts bonds Federal Reserve Bank stock . Bonds deposited with U . S. Treas urer to secure postal savings de posits .................................................. Other stocks and bonds . Securities acquired in settlement of indebtedness . . . . L o a n s , e tc . Loans on real estate Demand loans with collateral Other demand loans Time loans with collateral Other time loans . . . . O v e r d r a f t s ........................................ Syndicate participations . Acceptances . . . . . Notes and bills rediscounted . Loans for customers R e a l E s t a t e , e tc . Banking houses . . . Real estate by foreclosure Safe deposit vaults Furniture and fixtures . M isc e l l a n e o u s . Other assets . . . . . Letters of credit outstanding and exchanges for clearing house C ash . Due from reserve banks . Due from other banks Currency and specie Checks on other banks . Other cash items . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $11,804,335 $13,384,777 $14,092,624 $19,493,398 $33,606,038 198,891 1,902,530 390,000 401,284 884,170 483,000 444,045 866,047 408,000 570,615 856,543 390,000 1,642,700 848,544 408,000 726,193 25,186,885 2,540,266 23,886,191 3,080,389 23,424,207 1,885,540 23,481,674 1,841,809 23,110,850 156,559 164,009 229,368 266,980 216,162 13,733,804 50,682,210 19,361,234 47,242,815 129,445,817 124,450 285,639 17,720,032 1,256,859 3,832,079 14.139.294 48,107,881 21,197,453 53.232.294 135,354,443 174,175 288,801 18,497,095 3,583,233 302,550 13,621,686 48,578,660 23,105,571 50,486,639 133,255,582 185,461 288,601 19,685,607 3,842,994 327,550 13,228,129 45,846,964 23,286,820 48,790,094 129,605,695 282,175 285,026 18,767,875 1,191,355 4,105,769 13,515,113 49,427,088 23,971,126 56,902,638 133,409,047 350,252 282,051 15,099,926 15,137,976 574,390 7,484,124 109,676 436,331 260,817 7,518,993 117,665 446,692 231,669 7,540,765 126,287 446,186 232,917 7,546,758 163,691 445,926 240,987 7,532,287 214,093 434,227 242,730 333,429 473,687 489,323 302,797 382,217 3,089,626 2,111,797 1,944,835 2,008,702 3,214,848 42,231,988 19,264,652 13,569,431 2,834,163 509,581 41,999,904 20,092,757 13,456,607 2,874,134 419,645 32,675,669 37,893,947 11,089,357 3,594,993 1,076,795 33,273,163 27,105,203 10,860,484 1,714,394 691,567 38,407,418 23,653,848 12,410,507 3,463,342 1,119,282 $414,174,150 $426,364,466 $433,034,105 $416,688,324 $461,418,509 - ...... l BAN K COMMISSIONER. N o. 8.] STATEM ENT B a n k in g D epartm ents, x lvii N o . 17 — Concluded. T rust C o m p a n ie s in B oston — Concluded. Mar. 4, 1918 May 10,1918 June 29, 1918 Aug. 31, 1918 N ov. 1,1918 29 29 29 29 29 Trust Com Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. panies. Liabilities. Capital s t o c k ........................................ Surplus f u n d ........................................ Guaranty fund . . . . Undivided earnings, less expenses, interest and taxes paid Deposits, demand: — Subject to check . . . . For payment of coupons, etc. Certificates of deposit . Treasurer’s checks Deposits, time: — Certificates of deposit not payable within thirty days . Open accounts not payable within thirty days . . . . Payments on Liberty Loan bonds . Due to reserve banks Due to other banks Sinking funds, railroads . Sinking funds, corporations . Dividends unpaid . . . . Bills payable, including certificates of deposit representing money Reserved for taxes . . . . Reserved for interest . . Acceptances and letters of credit . Acceptances rediscounted N otes rediscounted at Federal ReLoans to customers . . Bills endorsed and sold . Reserved for depreciation Other liabilities . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . $21,550,000 21,440,000 225,000 $21,550,000 21,490,000 225,000 $21,550,000 21,490.000 250,000 $21,550,000 21,490,000 253,750 $21,550,000 21,525,000 250,000 6,436,351 7,164,493 6,717,481 7,401,457 7,732,920 278,005,139 2,644,433 5,091,545 1,198,238 3,398,777 288,063,843 2,635,196 5,037,500 1,943,394 3,485,456 276,915,140 6,708,520 3,761,455 2,198,136 1,939,001 270,432,148 3,398,294 3,831,139 1,021,233 2,000,499 290,356,242 4,295,216 5,160,619 1,691,684 5,047,491 7,999,631 6,697,249 4,196,505 6,757,766 5,616,011 9,055,088 201,945 4,065,037 20,448,161 255,481 568,661 22,317 9,750,242 700,491 4,747,096 19,668,190 179,325 497,599 8,767 9,200,544 824,744 26,677,774 15,839,894 172,765 489,968 281,329 8,517,756 1,091,202 11,792,006 15,631,484 359,574 451,194 15,805 8,705,295 3,565,167 21,821,887 17,449,173 358,415 642,248 52,270 1,906,865 778,193 475,342 18,715,138 - 3,436,504 965,424 263,028 18,900,324 24,755 3,737,500 972,488 335,994 19,724,115 476,275 7,672,500 1,107,255 568,036 19,402,862 8,539,634 1,004,400 253,478 14,704,440 133,051 4,616,111 3,832,079 137,500 1,107,118 7,726,495 302,550 230,989 670,556 7,325,531 327,550 137,500 783,896 11,079,048 257,550 178,701 427,065 19,830,287 574,390 “ 178,701 380,490 $414,174,150 $426,364,466 $433,034,105 $416,688,324 $461,418,509 - xlviii REPO RT OF TH E STATEM ENT B a n k in g D epartm ents, T rust [Pub. Doc, N o . 18. C o m p a n ie s o u t s id e of B oston. Mar. 4, 1918 May 10,1918 June 29,1918 Aug. 31, 1918 N ov. 1,1918 71 71 71 71 73 Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. Trust Com panies. Assets. S e c u r it ie s . United States bonds Liberty loan bonds and subscrip tions . . . . . . Massachusetts bonds Federal Reserve Bank stock . Bonds deposited with U . S. Treas urer to secure postal savings de posits .................................................. Other stocks and bonds . Securities acquired in settlement of indebtedness . . . . L o a n s , e tc . Loans on real estate Demands loan with collateral Other demand loans Time loans with collateral Other time loans . . . . O v e r d r a f t s ........................................ Syndicate participations . A c c e p t a n c e s ........................................ Notes and bills rediscounted . R e a l E s t a t e , e tc . Banking houses . . . Real estate by foreclosure Safe deposit vaults Furniture and fixtures M isc e l l a n e o u s . . Other a s s e t s ........................................ Letters of credit outstanding and exchanges for clearing house C ash . D ue from reserve banks . D ue from other banks Currency and specie Checks on other banks . Other cash items . ^ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $9,628,992 $10,692,378 $10,610,773 $16,657,693 $22,306,720 1,171,355 1,029,608 34,500 1,463,121 909,625 9,000 1,284,215 925,324 1,202,206 859,785 22,500 3,279,201 935,018 22,500 784,426 24,042,502 873,817 23,341,850 888,404 22,988,818 973,260 23,274,303 1,071,383 23,525,801 222,360 224,441 233,628 203,422 209,461 14,149,162 11,488,646 4,827,494 19,909,753 52,428,967 58,432 145.000 650.000 1,006,343 13,963,556 11,856,119 5,303,097 21,038,979 55,956,701 186,450 13,747,743 11,655,404 5,572,887 21,723,901 59,605,090 83,962 653,319 640,405 423,869 799,829 13,249,768 12,065,502 5,371,370 20,487,358 60,358,910 115,408 25,000 403,308 591,683 13,347,034 15,411,966 5,463,209 27,938,080 60,282,126 136,725 25,000 495,333 519,475 2,201,452 222,409 242,795 357,648 2,245,658 215,064 282,601 312,532 2,306,790 190,762 234,308 358,631 2,275,330 239,633 293,583 357,106 2,339,349 263,856 259,417 408,790 266,348 356,701 375,659 267,028 239,690 4,000 4,000 4,200 800 800 13,221,919 3,190,330 8,333,230 810,405 226,985 14,940,723 4,462,829 7,945,183 763,397 207,568 13,380,022 2,865,501 6,790,552 933,267 405,824 12,750,363 3,669,310 6,487,437 552,483 185,515 18,077,045 5,568,168 8,164,419 1,036,694 318,478 $170,655,061 $178,849,114 $178,389,363 $182,940,064 $211,645,738 No. 8.] BANK COMMISSIONER. STATEM ENT xlix N o . 18 — Concluded. B a n k in g D e p a r t m e n t s , T r u s t C o m p a n ie s o u t s id e o f B o s t o n — Concluded. Mar. 4, 1918 May 10,1918 June 29, 1918 Aug. 31, 1918 N ov. 1 , 1918 71 71 71 73 71 Trust Com Trust Com- Trust Com Trust Com Trust Com panies. ■ panies. panies. panies. panies. Liabilities. Capital s t o c k ........................................ Surplus f u n d ........................................ Guaranty fund . . . . Undivided earnings, less expenses, interest and taxes paid Deposits, demand: — Subject to check . . . . For payment of coupons, etc. Certificates of deposit . Certified checks . . . . Treasurer’s checks Deposits, time: — Certificates of deposit not payable . within thirty days Open accounts not payable within thirty days . . . . Payments on Liberty Loan bonds . D ue to reserve banks Due to other banks Sinking funds, railroads . Sinking funds, corporations Dividends unpaid . . . . Bills payable, including certificates of deposit representing money borrowed . . . . . Reserved for taxes . . . . Reserved for interest Acceptances and letters of credit Acceptances rediscounted Notes rediscounted at Federal Reserve Bank . . . . . Loans to customers . . . . Reserved for depreciation Other liabilities . . . . \ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $13,425,000 7,417,251 /- $13,525,000 7,457,251 - $13,525,000 7,688,751 15,000 $13,525,000 7,742,251 15,000 $13,725,000 8,047,251 15,000 4,086,030 4,360,957 4,016,637 4,278,456 4,164,225 121,997,282 124,883 3,915,700 422,715 258,641 128,719,004 159,060 3,616,926 569,503 304,417 125,945,300 149,252 3,684,157 854,536 354,959 130,004,990 198,404 3,699,249 432,118 250,992 148,025,929 255,465 3,512,608 413,381 317,313 1,689,608 1,718,425 1,498,285 1,671,867 1,352,329 3,272,404 1,753,734 453,341 4,674,281 212,537 19,050 4,464 3,620,219 2,843,225 484,808 5,024,736 196 2,730 4,313 4,292,319 1,535,874 549,109 4,635,301 4,882,642 1,868,292 814,515 3,887,997 4,908,607 6,054,255 1,093,435 4,892,427 1,949 192,941 2,898 6,611 2,092 24,451 2,915,196 56,840 129,171 500,094 2,366,500 145,761 128,367 500,000 - 3,431,619 99,014 172,852 273,200 4,200,000 108,756 139,908 252,800 5,265,000 66,579 118,052 267,800 2,958,275 14,170 354,394 3,016,230 21,858 259,628 5,257,078 _ 4,666 211,564 4,811,200 _ 7,281 138,837 8,895,558 $170,655,061 $178,849,114 $178,389,363 $182,940,064 $211,645,738 - - - _ - 6,959 2 2 2 ,0 2 2 [Pub. Doc REPO RT OF THE 1 STATEM ENT S a y in g s N o . 19. D epartm ents, A ll T rust C o m p a n ie s . Mar. 4, 1918 May 10,1918 l'une 29, 1918 Aug. 31, 1918 Nov. 1 , 1918 68 69 69 70 72 Trust Com Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. panies. Assets. I n v e st m e n t s a u t h o r iz e d f o r S a v in g s B a n k s . Liberty Loan bonds and certificates Public funds . . . . . Railroad bonds and notes Street railway bonds Boston Terminal Company bonds . Telephone Company bonds . National Bank and Trust Company stock . . . . . . Loans on real estate Loans on personal security Bankers acceptances Real estate by foreclosure Securities acquired in settlement of indebtedness . . . . Other a s s e t s ........................................ Due from national banks and trust c o m p a n i e s ........................................ Cash (currency and specie) Checks and other cash items . $1,081,631 2,718,391 6,912,129 2,408,659 8,040 786,129 $1,467,965 3,288,470 6,766,467 2,419,359 13,040 784,287 $1,925,636 2,833,457 6,821,029 2,418,197 8,040 796,463 $1,885,571 4,821,492 6,862,288 2,516,460 8,040 822,131 $3,691,375 3,410,873 7,054,642 2,570,434 25,314 817,607 911,860 31,858,587 16,815,662 7,663 918,805 32,167,770 17,183,214 1,346,828 32,313,621 18,914,007 110,391 113,432 1,004,153 33,624,163 20,601,827 50,255 130,280 1,249,253 33,561,326 21,827,946 23,740 149,026 8,400 19,429 8,400 12,056 8,400 125,755 8,400 48,547 8,400 58,840 2,712,615 248,486 56,974 2,404,332 228,163 129,939 2,614,897 322,737 38,419 2,620,319 290,962 36,937 3,017,811 351,315 158,094 $66,554,655 $67,902,658 $70,600,918 $75,331,825 $77,975,996 $65,313,742 46,648 - $66,510,027 38,430 - $69,251,685 40,956 - $73,891,927 41,753 - $76,540,211 49,316 - 606,377 226,944 565,955 237,101 518,833 55,937 693,303 126,098 610,831 126,888 231,559 34,329 375,882 67,930 546,324 76,657 415,186 36,375 403,936 98,328 - Liabilities. D e p o s it s .................................................. Guaranty fund . . . . Profit and loss . . . . Interest, rent, etc., less current ex penses .................................................. Other liabilities . . . . Undivided earnings and profit and loss . . . . . . Reserved for interest Deposits or installments received on sales of Liberty Loan Bonds . \ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 95,056 107,333 110,526 127,183 146,486 $66,554,655 $67,902,658 $70,600,918 $75,331,825 $77,975,996 ( No. 8.] BANK COMMISSIONER. li / STATEM ENT N o . 20. Sayings D epartments, T rust C ompanies in B oston. i Mar. 4, 1918 May 10,1918 June 29, 1918|Aug. 31, 1918 N ov. 1 , 1918 23 23 23 23 24 Trust Com Trust Com Trust Com - Trust Com Trust Com panies. panies. panies. panies. panies. Assets. I n v e st m e n t s a u t h o r iz e d f o r S a v in g s B a n k s . Liberty Loan bonds and certificates Public f u n d s ........................................ Railroad bonds and notes Street railway bonds Boston Terminal Company bonds,. Telephone Company bonds . National Bank and Trust Company s t o c k .................................................. Loans on real estate Loans on personal security Bankers acceptances Real estate by foreclosure Other assets . . . . . Due from national banks and trust c o m p a n i e s ........................................ Cash (currency and specie), . Checks and other cash items . $548,756 1,252,745 3,287,982 997,070 1,990 415,505 $469,650 1,401,170 3,198,140 1,013,020 6,990 423,567 $795,000 1,187,666 3,246,371 1,013,020 1,990 412,587 $955,984 2,309,075 3,246,851 1,038,166 1,990 420,587 $2,065,301 1,362,651 3,395,932 1,085,013 11,140 416,062 521,202 16,653,644 10,593,398 605,125 17,170,578 11,253,959 2,579 6,381 533,202 17,080,433 10,591,939 2,594 6,214 5,217 96,338 605,125 17,583,668 12,509,304 50,255 20,391 34,032 616,125 17,642,724 12,918,706 23,740 20,374 38,832 1,355,490 100,512 49,952 898,124 61,056 122,679 1,185,364 137,931 32,991 1,216,758 130,419 29,022 1,495,469 128,273 82,489 $35,787,206 $35,808,778 $37,144,137 $40,151,627 $41,302,831 $35,002,557 26,500 $35,118,146 17,000 $36,341,335 20,288 $39,164,930 18,500 $40,509,575 21,299 428,951 45,319 232,849 17,135 291,854 35,739 461,078 17,823 284,346 22,659 182,973 5,850 300,315 16,000 339,145 5,250 350,775 11,338 283,878 34,588 - - Liabilities. D e p o s i t s .................................................. Guaranty fund . . . . Interest, rent, etc., less current ex penses .................................................. Other liabilities . . . . Undivided earnings and profit and l o s s .................................................. Reserved for interest Deposits or installments received on sales of Liberty Loan Bonds . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 95,056 107,333 110,526 127,183 146,486 $35,787,206 $35,808,778 $37,144,137 $40,151,627 $41,302,831 / lii REPO RT OF TH E STATEM ENT S a v in g s D epar tm en ts, T rust [Pub. Doc, N o . 21. C o m p a n ie s o u t s id e of B oston. Mar. 4, 1918 May 10,1918 June 29, 1918 Aug. 31, 1918 N ov. 1,1918 45 46 46 47 48 Trust Com Trust Com Trust Com Trust Com Trust Com panies. panies. panies. panies. panies. Assets. I n v e st m e n t s a u t h o r iz e d f o r S a v in g s B a n k s . Liberty Loan bonds and certificates Public f u n d s ........................................ Railroad bonds and notes Street railway bonds Boston Terminal Company bonds . Telephone Company bonds . National Bank and Trust Company s t o c k .................................................. Loans on real estate Loans on personal security Real estate by foreclosure Securities acquired in settlement of indebtedness . . . . Other a s s e t s ........................................ D ue from national banks and trust c o m p a n i e s ........................................ Cash (currency and specie) Checks and other cash items . $532,875 1,465,646 3,624,147 1,411,589 6,050 370,624 $998,315 1,887,300 3,568,327 1,406,339 6,050 360,720 $1,130,636 1,645,791 3,574,658 1,405,177 6,050 383,876 $929,587 2,512,417 3,615,437 1,478,294 6,050 401,544 $1,626,074 2,048,222 3,658,710 1,485,421 14,174 401,545 390,658 15,204,943 6,222,264 5,084 385,603 15,087,337 6,591,275 107,797 741,703 15,143,043 7,660,048 108,215 399,028 16,040,495 8,092,523 109,889 633,128 15,918,602 8,909,240 128,652 8,400 13,048 8,400 5,842 8,400 29,417 8,400 14,515 8,400 20,008 1,357,125 147,974 7,022 1,506,208 167,107 7,260 1,429,533 184,806 5,428 1,403,561 160,543 7,915 1,522,342 223,042 75,605 $30,767,449 $32,093,880 $33,456,781 $35,180,198 $36,673,165 $30,311,185 20,148 $31,391,881 21,430 $32,910,350 20,668 $34,726,997 23,253 $36,030,636 28,017 177,426 181,625 333,106 219,966 226,979 20,198 232,225 108,275 326,485 104,229 48,586 28,479 75,567 51,930 207,179 71,407 64,411 25,037 120,058 63,740 $30,767,449 $32,093,880 $33,456,781 $35,180,198 $36,673,165 Liabilities. D e p o s it s .................................................. Guaranty fund Interest, rent, etc., less current ex penses .................................................. Other liabilities . . . . Undivided earnings and profit and l o s s .................................................. Reserved for interest https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER, STATEM ENT A ggregate of T rust liii N o . 22. D epartm ents. N ov. 1,1918 48 N ov. 1, 1918 Trust Companies in All. Companies in Boston. 15 N ov. 1, 1918 33 Companies out side of Boston. Assets. S e c u r it ie s . United States b o n d s ............................................................ State b o n d s ................................................................................ C ity, county and town b o n d s ........................................ Railroad b o n d s .................................................. Street railway b o n d s ............................................................ Miscellaneous bonds . . . . . Bank stocks ................................................................................ Railroad s t o c k s ...................................................................... Manufacturing s t o c k s ............................................................ Miscellaneous s t o c k s ............................................................ $3,523,326 1,822,025 5,521,193 8,015,862 1,126,925 17,235,067 4,356,735 18,726,264 6,958,590 32,412,001 L oa n s. .................................................. on real estate . with collateral or su reties........................................ of i n d i v i d u a l s ........................................ ......... . of corporations............................................................ 30,556,813 1,205,083 215,621 192,433 Loans Loans Notes Notes 60 78 64 35 41 06 79 53 $3,236,433 1,725,330 4,862,801 7,362,933 851,732 15,566,408 3,677,578 16,307,072 4,740,724 29,029,911 56 13 78 18 78 81 47 76 69 07 $286,893 96,695 658.391 652.391 275,193 1,668,658 679,156 2,419,191 2,217,866 3,382,090 08 87 94 30 10 46 35 10 92 17 22,142,110 1,112,664 143,682 157,353 09 80 70 17 8,414,703 92,418 71,939 35,080 26 30 22 00 86 68 04 65 86 86 R eal E sta te . Real estate o w n e d ............................................................ Real estate by fo re c lo su re .................................................. 10,471,279 21 97,718 95 8,397,444 81 86,214 96 2,073,834 40 11,503 99 M isc e l l a n e o u s . Trust fund a g r e e m e n t s .................................................. A n n u i t i e s ...................................................................... Other a s s e ts ................................................................................ 214,501 60 48,432 93 2,263,954 46 214,501 60 48,432 93 2,158,012 76 105,941 70 C ash . Deposits in savings b a n k s .................................................. Deposits in national banks or trust companies . Cash on h a n d ...................................................................... 1,288,428 41 2,408,908 17 19,591 74 555,583 99 1,781,835 80 6,972 85 732,844 42 627,072 37 12,618 89 $148,680,760 71 $124,165,737 69 $24,515,023 02 $125,672,917 20,524,030 1,227,938 2,897 252,977 $104,322,372 17,877,030 1,963,408 2,897 29 58 31 50 05 25 $21,350,544 66 2,647,000 15 264,530 00 $124,165,737 69 $24,515,023 02 Liabilities. On trust a c c o u n t s ............................................................ A s executors, administrators, etc. . . . . Income . ................................................................................ D i v i d e n d s ................................................................................ Other liabilities ...................................................................... https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 24 46 50 05 46 $148,680,760 71 252,948 21 liv REPO RT OF THE STATEM ENT E a r n in g s a n d Gross earnings . . . . D iv id e n d s . . . . N o. A ll of . [Pub. Doc. 23. T rust C o m p a n ie s . From Nov. 20, 1917, to N ov. 1, 1918. From Nov. 17, 1916, to N ov. 20, 1917. From N ov. 10, 1915, to N ov. 17, 1916. $30,986,639 78 $27,342,280 19 $23,433,582 70 Less interest paid to depositors in banking departments $9,450,414 03 $9,197,376 67 $8,016,852 75 Less interest paid to depositors in savings departments . 2,247,159 58 1,808,280 31 1,209,674 77 .12,670,675 13 11,239,241 15 8,317,739 ¿4 $24,368,248 74 $22,244,898 13 $17,544,266 76 $6,618,391 04 $5,097,382 06 $5,889,315 94 3,737,242 19 3,217,869 33 2,850,347 39 $2,881,148 85 $1,879,512 73 $3,038,968 55 Less expenses, taxes, premiums and losses Total deductions . . . . N et e a r n i n g s ................................................................................ Dividends paid . . . . . . . . Undivided earnings for y e a r ........................................ Undivided earnings of previous years Total . . . . . . . . . . ' . . . Transferred to s u r p l u s ............................................................ 11,023,587 08 11,571,957 53 9,464,917 79 $13,904,735 93 $13,451,470 26 $12,503,886 34 $919,500 00 $979,331 61 $2,412,840 00 . 13,492 02 15,043 18 12,428 81 ............................................................ $992,823 63 $2,427,883 18 $931,928 81 Net undivided e a r n in g s ............................................................ $12,911,912 30 $11,023,587 08 $11,571,957 53 Transferred to guaranty fund of savings departments Total deductions N umber of D epositors. The total number of depositors in trust companies on the date of the last call of each year for the last ten years is given below: — Date. Number of Depositors. ■ November 16, 1909 152,381 November 10, 1910 December 5, 1911 171,830 . 203,308 November 26, 1912 233,446 October 21, 1913 259,072 October 31, 1914 299,261 November 10, 1915 347,471 November 17, 1916 437,003 November 20, 1917 November 1, 1918 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 545,928 . 620,926 No. 8.] BANK COMMISSIONER. STATEMENT L ist of lv No. 24. L egal I nvestments . The following is a list of bonds and notes which, in the opinion of this department, are now legal investments under the provisions of clauses second, third, fourth, fifth and sixth of section 68 of chapter 590, Acts of 1908. Clause second, relating to investments in public funds, has been applied only to those counties, cities, towns and districts which appear to have bonds or notes outstanding, and from which debt statements could be obtained. Clause third is the general law relating to railroad bonds which has been amended by the present General Court by the addition of subdivision “ o.” , continuing as legal investments bonds of certain railroads during the period of government operation. Clause fourth provides that issues which complied with the old law shall continue, under certain conditions, to be legal investments. The banks may not only con tinue to hold such bonds, but may invest further in them. In this list the bonds which do not comply with clauses second and third, but continue legal through clause fourth, are printed in italics and the reason in each case is explained in the footnotes. Clause fifth relates to investments in street railway bonds, and clause sixth to investments in telephone company bonds. Investment in bonds or notes of cities, towns and districts men tioned in the list should not be made without further inquiry, as both their indebtedness and their valuations for the assessment of taxes are constantly changing. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Ivi REPO RT OF THE [Pub. Doc Public Funds . (Covering counties, cities, towns and districts which appear to have bonds or notes outstanding, and from which debt statements could be obtained.) Public funds of the United States and of the following States: — California Maine New Hampshire Connecticut Massachusetts New Jersey Delaware Michigan New York Illinois Minnesota Ohio Indiana Missouri Oregon Iowa Nebraska Pennsylvania Rhode Island Vermont Washington Wisconsin District of Columbia Bonds or notes of the following counties, cities, towns and districts in New E n gland :__ M a in e . N e w H a m p s h ir e . Counties. Counties. Cumberland Kennebec Washington Coos Hillsborough Merrimack Rockingham Cities. Auburn Augusta Bangor Bath Biddeford Brewer Calais Ellsworth Gardiner Lewiston Old Town Portland Saco South Portland Waterville Westbrook Cities. Berlin Concord Dover Franklin Keene Laconia Manchester Nashua Portsmouth Rochester Somersworth Towns. Bar Harbor Boothbay Harbor Brunswick Camden Dexter Fairfield Greenville Kennebunk Lisbon Lubec M ount Desert Oakland Presque Isle Waldoboro Yarmouth Kittery* Van Burén* Cities. Towns. Bennington Brattleborough Hartford Rockingham Water District. North Conway* C o n n e c t ic u t . Cities. Ansonia Bridgeport Bristol Hartford Meriden Middletown New Britain New Haven New London Putnam Rockville Waterbury Willimantic M a s sa c h u se t t s . Bonds or notes of any county, city, town or incorporated districtf of the Commonwealth of Massachusetts Towns. Charlestown Derry Exeter Gorham Haverhill Jaffrey Milford Newmarket Northumberland Pembroke Peterborough Plaistow Raymond Salem Walpole Wolfeboro Water Districts. Augusta Bath Gardiner Kennebec V erm ont. Barre Burlington Montpelier Rutland St. Albans Vergennes R h o de I sl a n d . Cities. Cranston Newport Providence W oonsocketX Towns. Cumberland East ProvidenceX Johnston § LincolnX North Kingstown North Smithfield South Kingstown Tiverton Warren Westerly Towns, Branford Canton Clinton Darien East Had dam East Haven Enfield Essex Hamden Hampton Litchfield Manchester Meriden New Hartford Norfolk Norwich Orange Plymouth Pomfret Reading Saybrook Southington South Windsor Stafford T ru m b u ll, * Less than 5,000 inhabitants within the district, therefore only bonds issued prior to June 8 , 1908, are legal. t This department has been unable to learn of any incorporated district in Massachusetts the net indebtedness of which is in excess of the limit prescribed by law. t Net indebtedness, as defined by new law, in excess of legal limit, therefore only bonds issued prior to June 8 , 1908, are legal. § Only those which have been assumed by the city of Providence. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER. No. 8.] lvii Legally authorized bonds for municipal purposes, etc., of the following cities outside of New England: — Akron, O. Albany, N . Y . Allentown, Penn. Altoona, Penn. Auburn, N . Y . Baltimore, M d. Bay C ity, Mich. Buffalo, N . Y . Camden, N . J. Canton, O. Cedar Rapids, la. Chester, Penn. Chicago, 111. Cincinnati, O. Cleveland, O. Columbus, O. Council Bluffs, la. Danville, 111. Davenport, la. D ayton, O. Decatur, 111. Des Moines, la. Detroit, Mich. Dubuque, la. Duluth, Minn. Elmira, N . Y . Erie, Penn. Evansville, Ind. Flint, Mich. Ft. W ayne, Ind. Grand Rapids, Mich. Hamilton, O. Harrisburg, Penn. Indianapolis, Ind. Jackson, Mich. Jamestown, N . Y . Jersey City, N . J. Johnstown, Penn. Joplin, M o. Kalamazoo, Mich. Kansas City, M o. La Crosse, W is. Lakewood, O. Lancaster, Penn. Lansing, Mich. Lima, O. Lorain, O. Los Angeles, Cal. Louisville, K y. McKeesport, Penn. Milwaukee, Wis. Minneapolis, Minn. Newark, N . J. New Castle, Penn. Niagara Falls, N . Y . Oakland, Cal. Omaha, Neb. Oshkosh, W is. Peoria, 111. Philadelphia, Penn. Pittsburgh, Penn. Quincy, 111. Racine, W is. Reading, Penn. Rochester, N . Y . Rockford, 111. R a il r o a d BANGOR Saginaw, M ich. St. Joseph, M o. St. Louis, M o. St. Paul, Minn. San Francisco, Cal. Scranton, Penn. Seattle, W ash. Sioux City, la. South Bend, Ind. Spokane, Wash. Springfield, 111. Springfield, M o. Springfield, O. Superior, W is. Syracuse, N . Y . Toledo, O. Trenton, N . J. Troy, N . Y . Utica, N . Y . Waterloo, la. Wilkes-Barre, Penn. York, Penn. B onds. & AROOSTOOK Bangor & Aroostook R .R . t, If . . . “ “ Piscataquis Division^, If “ “ “ Van Buren Extension t, If “ " “ Medford “ t . II Aroostook Northern R .R . t. If . . . . Northern Maine Seaport R .R . f , If S Y S T E M .t, II First 44 41 44 44 R .R . and terminal first 5s 5s 5s 5s 5s 5s 1943 1943 1943 1937 1947 1935 3 is 3 is 3 is 3 is 4s 4s 4s 4s 4 }s 5s 4s 4s 3 is 3 is 4s 3 is 4s 3 is 4s 4s 4s 4 is 4 is 4Js 5s 4s 7s 3 is 4s 1919 1921 1923 1925 1926 1927 1929 1932 1933 1936 1943 1920 1921 1923 1943 1920 1920 1921 1925 1927 1928 1928 1932 1933 1934 1937 1924 1923 1924 TEM . ‘ Plain Boston & Lowell R .R . 44 44 44 44 44 44 44 First Consolidated mortgage Plain Connecticut & Passumpsic Rivers R .R Concord & Montreal R .R . Connecticut River R .R . 44 44 44 44 44 Fitchburg R .R . 44 44 44 First Plain First Troy & Boston R .R . Vermont & Massachusetts R .R . Sullivan County R .R . M A IN E Maine Central R .R . . Penobscot Shore Line R .R . Maine Shore Line R .R . Belfast & Moosehead Lake R .R . Dexter & Piscataquis R .R . CENTRAL SYSTEM . Collateral trust First and refunding First t Dividends paid for insufficient number of years. 1 Amount paid in dividends less than one-third of amount paid in interest. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 5s 1923 4 ^ s 1935 5s 4s 6s 4s 4s 1935 1920 1923 1920 1929 lviii REPO RT OF TH E C E N T R A L S Y S T E M — Concluded. M A IN E European & North American R y Upper Cooa R .R . First Mortgage Extension mortgage First Consolidated . First First and refunding Consolidated . Washington County R y. . Portland & Rumford Falls R y. Portland & Ogdensburg R .R . Somerset R y. . NEW YORK, NEW Boston & Providence R .R . Holyoke & Westfield R .R . Norwich & Worcester R .R . Old Colony R .R . . . . . . . Providence & Worcester R .R . . . . HAVEN . . . . . . Plain . First Debenture Plain . . . “ . A T C H IS O N , T O P E K A C O A ST . . . . . . . . . . . . . . . . . . . . Carolina . . . . . . . . . FE . . . . . . . . . . L IN E . . & O H IO ** “ “ Pitts. Jc. & M id. D iv. “ “ Pitts., Lake Erie & W est Va. “ “ Southwestern Division Central Ohio R .R . . . . . . . Cleveland, Lorain & Wheeling R y. . . . . it “ “ 44 44 44 44 4‘ Cleveland, Terminal & Valley R .R . . . . . Huntington & Big Sandy R .R . . . . . . Monongahela River R .R . . . . . . . Ohio River R .R . . . . . . . . 44 CENTRAL Central R .R . of New Jersey https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . . . OF N E W . . 6s 4Js 4s 4s 4s 4s 3 is 4s 1923 1951 1927 1924 1925 1938 1932 1947 . Refund, and gen. mtg. Convertible Prior lien First — — — Refunding — _ First Consolidated General Refunding First . . . 1995 1958 1928 1937 1928 194a . . . . . . . 4s 4 is 5s 6s 5s 5s 5s ' 4s 4s 4s 6s 5s 4s 7s 6s 5s 4s 4s 1952 1940 1926 1926 1939 1946 1935 1935 1947 1948 1933 1928 1938 1936 1934 1934 1924 1945 1995 1933 1925 1948 1925 1941 1925 1930 1933 1936 1930 1995 1922 1919 1936 1937 1922 1920 1990 1925 1987 . » . . . . . 5s General First 44 44 ** JERSEY . 4s 4s 4s 5s 5s 5s 5s 44s 3^s 4s 3*s 4s 3¿s 4 js 5s 5s 4Js 4s 6s 5s 5s 5s 6s 6s 4s 4s 44 “ 44 44 . . . . . . . . . SYSTEM . 44 44 1933 1930 1930 1954 1926 1928 1955 1950 SYSTEM . General mortgage First “ . . . “ " . “ First consolidated . Consolidated . — — — — First Second . General General — — — — — Consolidated . . — — . — — — . — — —1 . — — — .* — — — . First . First B A L T IM O R E 4s 4s 4£s 3*s 4s 4 is 4s 4s SYSTEM . . . . . . . ............................................... Pittsburgh, Cleveland & Toledo R .R . . Ravenswood, Spencer & Glenville R y. W est Virginia & Pittsburgh R .R . . Schuylkill River East Side R .R . . . . . . . . . . . . . . . . R A IL W A Y . . . . . . . . First & SANTA A T L A N T IC Atlantic Coast Line R .R . . . Richmond & Petersburg R .R . Petersburg R .R . . . . Petersburg R .R . . . . Norfolk & Carolina R .R . . . Norfolk & Carolina R .R . . . Wilmington & Weldon R .R . . Wilmington & Weldon R .R . Wilmington & New Berne R .R . . Atlantic Coast Line R .R . of South Northeastern R .R . . . . Alabama Midland R y. . . Brunswick & Western R .R . . Charleston & Savannah R y. . Savannah, Florida & Western R y. Savannah, Florida & Western R y. Sanford & St. Petersburg R .R . . Florida Southern R .R . . . . . . . . . . . & H ARTFORD SYSTEM . . . . Atchison, Topeka & Santa Fé R y. . . . . “ “ “ “ Trans. Short Line “ “ “ “ East Oklahoma Chicago, Santa Fé & California R y. . . . Hutchinson & Southern R y. . . . . San Francisco & San Joaquin Valley R y. . . Baltimore & Ohio R .R . “ “ “ [Pub. Doc . . . . . . . . . . . . . SYSTEM . General . lix BANK COMMISSIONER No. 8.] C H IC A G O & NORTHW ESTERN SYSTEM . General Chicago & Northwestern R y. • 3èsl 4s 1 1987 J 1926 4s 5s 1 1929 6s / 6s 1921 5s 1922 6s 1924 6s 1925 5s 1929 4s 1931 3 is 1923 3is 1924 3 is 1926 3 is 1926 3 is 1929 6s 1933 3 is 1935 3is 1935 3 is 1936 3 is 1941 4s 1947 1948 5s -1 Us Extension Sinking fund mortgage Milwaukee, Lake Shore & Western Ry Wisconsin Northern R y. Consolidated firs t Marshfield Extension Michigan Division Ashland “ Ext. and imp. . 41 Mortgage First . 44 44 44 44 44 Boyer Valley Ry.* Minnesota & Iowa R y. Princeton & Northwestern R y. Peoria & Northwestern Ry.* Mankato & New Ulm Ry.* Fremont, Elkhorn & Missouri Valley R .R . Consolidated First . Minnesota & South Dakota R y * 44 44 44 First 44 Iowa, Minnesota & Northwestern R y. Sioux City & Pacific R .R . . . . . Manitowoc, Green Bay & North Western R y. Milwaukee, Sparta & Northwestern R y. St. Louis, Peoria and Northwestern R y. C H IC A G O , B U R L IN G T O N & Q U IN C Y Chicago, Burlington & Quincy R .R . . . . . “ “ “ ** Illinois Division “ “ “ " Iowa “ “ “ “ “ “ “ “ Denver Extension Nebraska “ General . Mortgage . North Wisconsin R y. . . . . . DELAW ARE . . & OM AH A SYSTEM . . . & H UDSON DELAW ARE, LACKAW ANNA GREAT Great Northern R y. . . . . . . Consolidated . First refunding 4( Convertible & W ESTERN . First NORTH ERN SYSTEM . . . . First St. Paul, Minneapolis & Manitoba R y. Consolidated . 44 Montana Extension Pacific Extension Northern Division Wilmar & Sioux Falls R y. Spokane Falls & Northern R y. Illinois Central R .R . “ “ “ “ “ “ “ “ “ • • _ _ - - - _ - - . IL L IN O IS C E N T R A L « Sterling Extended Gold Extended . Sterling Gold https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . First “ Montana Central R y. 6s 1930 4s 4Js 6s 3 is 1943 1942 1924 1946 6s 1921 SYSTEM . First and refunding . 41 1922 1927 SYSTEM . Minneapolis Union R y. .. “ 44 Eastern R y. of Minnesota • 1919 1 •{ä8}1930 . First Delaware & Hudson Co. . . . . . . . Adirondack R y. . . . . . . . . Schenectady & Duanesburg R .R .......................................................... Albany & Susquehanna R .R . . . . . . . New York, Lackawanna & Western R y.§ • {ft 4s . 4s Mortgage C H IC A G O , ST . P A U L, M IN N E A P O L IS . 1958 4s J 3 is 1 i 1949 •Us 1 . . . “ Chicago, St. Paul, Minneapolis & Omaha R y. SYSTEM . . . 4Js ' 5s U i 6s 4s - 1 ! 4 is i 6s 4s 4s 4s f 5s l 6s 5s 6s 1961 1 > 1922 j I ►1933 J 1937 1940 1948 1 1 1937 . 1938 1939 4s 3 is 3s 4s 3is 1951 1950 1951 1951 1951 SYSTEM . — — — — ~ — - - — - * Secured on less than 100 miles of railroad. § N ot guaranteed by endorsement. ' lx REPO RT OF THE [Pub. Doc, IL L IN O IS C E N T R A L S Y S T E M — Concluded Illinois Central R .R . Gold Extended . Springfield Division Refunding Collateral Trust - First — - - - — — . — CO CO — 3 is 3 Js 4s 3 §s St. Louis Division Cairo Bridge Purchased Lines . 1950 1952 1951 1953 1951 1951 1952 1921 . 4s 1948 4s 6s 5s 5s 6s 4 is 6s 4 is 6s 5s 6s 5s 1940 1930 1937 1931 1919 1931 1921 1945 1930 1937 1921 1936 3 is 4s 5s 5s 3is 4s 1952 1940 1931 1939 1951 1957 . . . . - — — Kankakee & South Western R .R . [ 1951 4s 3 is 4s 3 is 3s 3s 4s 5s . Western Lines % . Louisville Divisioni Omaha Divisioni Litchfield Division* Collateral Trust || 1951 1951 1955 1950 rEM. Lehigh Valley R .R . First L O U ISV IL L E & SYSTEM . Louisville & Nashville R .R . Unified . General First Trust Sinking fund General — Evansville, Henderson & Nashville Division Louisville, Cincinnati & Lexington R y. Southeast & St. Louis Division . Mobile & Montgomery New Orleans & Mobile Division, $5,000,000 Nashville, Florence & Sheffield R y. . Pensacola & Atlantic R .R . South & North Alabama R .R . . M IC H IG A N Michigan Central R .R . . . . . Michigan Central-Michigan Air Line R .R . . Michigan Central-Detroit & Bay City R .R . — . . . . . — . . — — First “ . . . . First consolidated . CEN TR AL SYSTEM . { . First . . . . . . . Michigan Central-Kalamazoo <k South Haven R.R.* Michigan Central-Jackson, Lansing & Saginaw R .R . Michigan Central-Joliet & Northern Indiana R .R * ST E. M A R IE SY ST E M . Minneapolis, St. Paul & Sault Ste. Marie R y. . First consolidated Minneapolis, Sault Ste. Marie & Atlantic Ry. . J4s • \ 5s . 4s J 1938 1926 7S T E M . Mobile & Ohio R .R . . N A S H V IL L E , C H A T T A N O O G A & ST . LO U IS Nash., Chat. & St. Louis R y. YORK CENTRAL . 6s 1927 5s 6s 6s 1928 1923 1923 SYSTEM . First consolidated Jasper Branch Extension Centreville Branch . NEW First mortgage SYSTEM New York Central & Hudson River R.R . S. D . & Pt. M . R .R . Lake Shore . Michigan Central . Debenture . . .4 s “ . . . .4 s Consolidation . . 4s Refunding and improvement 4Js Mortgage . . . 3§s First . . . . 3Js Collateral . . . 3Js “ . . . 3jS 1934 1942 1998 2013 1997 1959 1998 1998 + Bonds do not cover 75 per cent, of the railroad owned in fee a* the date of the mortgage by the railroad corporation on the railroad of which the mortgage is a lien. * Secured on less than 1 0 0 miles of railroad. II Railroad covered by one of the issues pledged as collateral is not operated by Illinois Central R .R . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] BANK COMMISSIONER. lxi Y O R K C E N T R A L S Y S T E M — Concluded. NEW . . . . . . . First general . Debenture Lake Shore & Michigan Southern R y. 44 Beech Creek R .R . . Mohawk & Malone R y. . . First . 44 Consolidated . Mortgage New York & Harlem R .Il.I Rome, Watertown & Ogdensburg R .R . Consolidated . Carthage, Watertown & Sacket’s Harbor R .R . Utica & Black River R .R . Carthage & Adirondack R y. Gouverneur & Oswegatchie R .R . • New York & Northern R y. New York & Putnam R .R . Little Falls & Dolgeville R .R . Kalamazoo & W hite Pigeon R .R . Pine Creek R y. . . . . Chicago, Indiana & Southern R .R . Indiana, Illinois & Iowa R .R . Jamestown, Franklin & Clearfield R .R . Cleveland Short Line R y. . Sturgis, Goshen & St. Louis R y. Consolidated . First “ •( r J 44 “ First consolidated First 44 44 44 _ “ «* Kalamazoo, Allegan & Grand Rapids R.R.* Mahoning Coal R.R.* Pittsburgh, McKeesport & Youghiogheny R.R.! . [ 44 _ _ ! ! . ! [ ! . Plain Boston & Albany R .R . 44 ** 44 “ 44 44 ** N ORFOLK & W ESTERN Scioto Valley & New England R R. Columbus Connecting & Terminal R .R . NORTHERN Northern Pacific R y. “ “ “ . . . P A C IF IC . St. Paul-D uluth Division St. Paul & Northern Pacific R y. St. Paul & Duluth R .R . . . . . Washington & Columbia River R y. P E N N S Y L V A N IA 1922 . . . . . . . . . . . . . . . . 5s 4s 4s 5s 5s 4s 3s 5s 6s 4s 4s 4s 4 3S 3s 5s 5s 6s 3ès 3ès 4s 4s 4s 4£s 5s 5s 5s 1931 1922 1981 1942 1927 1993 1932 1940 1932 1956 1950 1959 1961 1989 1938 1934 1932 1952 1951 1933 1934 1935 1937 1938 1942 1963 • . . . . . 4s 6s 6s 6s 4s 5s 1996 1931 1932 1934 1989 1922 . . . . . . . . . Refunding and improvement 4 $s . 3s General lien . _ _ — 4s . 4s Prior lien _ _ _ 6s . 5s First . 4s Consolidated . . 4s First 2047 2047 1996 1997 1923 1931 1968 1935 SYSTEM . Consolidated Sunbury & Lewistown R y. Sunbury, Hazelton & Wilkesbarre R y General “ Consolidated •* «• First “ Second . First Consolidated First General Philadelphia & Erie R .R . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 2002 2000 SYSTEM . Pennsylvania R .R . W est Chester R .R . Western Pennsylvania R .R . Pittsburgh, Virginia & Charleston R y Junction R .R . . . . . 1997 1928 1931 1936 1991 FS T E M . SY Consolidated . General New River Improve, and extension First Norfolk & Western R y. “ “ R .R . 3|s 4s 4s 4s 4s 3ès 3ès r 5s 5 N ot guaranteed by endorsement. * Secured on less than 100 miles of railroad. 5s 4s 4 is 5s 3ès 4s 4Js 4s 5s 6s 5s 4s 4s 3*s f 6s Ì { 5s 14s 1919 1943 1965 1968 1945 1948 1960 1936 1928 1938 1919 1928 1943 1930 1920 lxii REPO RT OF THE P E N N S Y L V A N IA [Pub. Doc. S Y S T E M — Concluded. Allegheny Valley Ry. Cambria & Clearfield R .R . “ R y. Clearfield & Jefferson R y. . Pennsylvania & Northwestern R .R . Hollidaysburg, Bedford & Cumberland R .R United New Jersey R .R . «fe Canal Co. General First General First General First General . . . . . . . . . . . . . 4s 1942 5s 1941 4s 1955 6s 1927 5s 1930 4s 1951 4s 1923 4s 1929 4s 1944 4s 1948 3£s 1951 4s 1936 3ès 1940 /4 è s • \ 3ès ■1942 . 3Js 1948 . 3ès 1950 . 4s 1943 11 Cleveland «& Pittsburgh R .R . “ “ “ First General “ Harrisburg, Portsmouth, M t. Joy and Lancaster R R . “ ** First Delaware River R.R. & Bridge C o* Erie & Pittsburgh R .R * P H IL A D E L P H IA , B A L T IM O R E «& W A S H I N G T O N Philadelphia, Baltimore «& Washington R .R . Philadelphia, Wilmington & Baltimore R . R SYSTEM . . . . . . . . . ...................................................................... R E A D IN G 4s 4s 4s 4s 1943 1922 1926 1932 SYSTEM . Philadelphia & Reading R .R .................................................................. First . . . .5 s 1933 . . . . . 4s 5s 5s 5s 6s 1955 1937 1938 1929 1937 Union Pacific R .R ....................................................................................... First mortgage . . First lien and refunding . 4s 4s 1947 2008 3 is 4 is 4s 4s 4s 4s 1947 1927 1928 1940 1939 1961 S O U T H E R N P A C IF IC S Y S T E M . Southern Pacific R .R . First refunding First consolidated First “ . . “ . . Northern R y. . Northern California R y. . Southern Pacific Branch R y. . . . U N IO N P A C IF IC S Y S T E M . M IS C E L L A N E O U S . Boston Terminal Co. || || . Boston, Revere Beach <& Lynn R .R .f . Bridgton & Saco River R .R . . . . New London Northern R .R . . . . First . . Consolidated First New York & New England R.R.-Boston Terminal || || Portland Terminal Co. . . . . Street . R a il w a y B O S T O N <& R E V E R E E L E C T R I C B onds. STREET R A IL W A Y COM PANY. Boston <fe Revere Electric Street R y. C o...........................................Refunding first mortgage EAST M ID D L E S E X East Middlesex Street R y. Co. . . STREET . . . R A IL W A Y . . 5s 1928 COM PANY. Plain . . . .4 s 1922 . . 1920 EA ST T A U N T O N ST R E E T R A IL W A Y C O M P A N Y . East Taunton Street R y. Co. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ...........................................................First Gold . * Secured on less than 100 miles of railroad. || || Legalized by special act of General Court, f Dividends paid for insufficient number of years. / 5s lxiii' BANK COMMISSIONER. No. 8.] F IT C H B U R G & L E O M IN S T E R Fitchburg & Leominster Street R y. Co. . Leominster, Shirley & Ayer Street R y. Co. . STRE ET . . U N IO N S T R E E T . . R A IL W A Y . . . . 4*s os 1921 1921 • 4*s 1934 4*s 4|s 4s 5s 5s 5s 5s 5s 7s 7s 7s 7s 1923 1930 1932 1919 1922 1932 1936 1944 1919 1920 1924 1947 5s 5s 5s 1921 1923 1927 1920 1927 1930 1926 1919 1923 1922 1925 R A IL W A Y C O M P A N Y . Union Street Railway Co......................................................................... Mortgage W EST END COM PANY. Consolidated mortgage First mortgage . STRE ET R A IL W A Y . . COM PANY. Debenture W est End Street R y. Co. W O R C E S T E R C O N S O L ID A T E D STRE ET R A IL W A Y COM PANY. Gold mortgage First “ Debenture Marlborough & Westborough Street R y. Co. Uxbridge & Blackstone Street R y. Co. Worcester Consolidated Street R y. Co. Worcester Worcester Worcester Worcester & & & & Refunding first mortgage First mortgage Blackstone Valley Street R y. Co. Clinton Street R y. Co. . Holden Street R y. Co. Southbridge Street R y. Co. 4*s 5s 4*s 4*s 5s 5s 4*s 4*s T elephone C ompany B onds. American Telephone & Telegraph Co. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . Collateral trust 1929 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis ABSTRACT OF A N N U AL REPORTS OF TH E Sayings B anks and I nstitutions for Savings, S H O W IN G T H E IR CONDITION AT THE CLOSE OF BUSINESS https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis O ctobee 31, 1918. 2 REPO RT OF THE [Pub. Doc. ABINGTON SAVINGS BANK, ABINGTON. 6 Incorporated March 17, 1853. CENTRE AVENUE. Number of corporators, 61; number of trustees, 16. W il l ia m J. C o u g h l a n , President. L e o n S. F a ir b a n k s , Treasurer. J a m e s E . M a r s h a l l , Clerk of the Corporation. Board of Trustees: W . B. A r n o l d , C . L. B a k e r , W . J. C o u g h l a n , E . G . C r o s s l e y , G . E . F a ir b a n k s , L. S. F a ir b a n k s , G . R. F a r r a r , I. C. H o w l a n d , G. W . K e l l e y , W . E . L y o n , A . H . N a s h , W . S. O ’ B r ie n , C . M . P a c k a r d , F. E . P e r k in s , W . H . T h a y e r , F. G. W h e a t l e y . Board of Investment: C . L. B a k e r , W . J. C o u g h l a n , W . S. O ’ B r ie n , C . M . P a c k a r d , ,W . H . T h a y e r , F . G. W heatley. Auditing Committee: A . H . N ash, C. M . P a ck ard, W . E . L y on . Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay able the first Tuesday of April and October. Business hours: 9 a . m . to 12 m .; 1 to 4 p . m .; Satur days, 9 a . m . to 12 m .; also Fridays, for deposits only, 7 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds American Tel. & Tel. C o. bonds Stocks of banks and trust companies 644 loans on real estate (average of each, $2,657.01) 39 loans on personal security Bank building and fixtures ( estimated value, $35,000; assessed value, $4-5,700) Real estate by foreclosure, etc. ( assessed value, $42,300) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps Deposits in national banks or trust companies . Cash . . . . . . . . . . Total Assets . $385,700 832,180 101,257 4,950 60,423 59,201 1,711,116 167,384 30,000 33,562 1,142 417 56,787 2,331 00 25 50 00 75 00 00 00 00 45 55 00 28 34 . $3,446,453 12 Liabilities. Due depositors on 5,558 accounts, averaging $560.53 each . . . . . $3,115,446 87 . 157,575 00 151,695 65 {Accounts opened during year, 367; closed, 336; increase, 31) Surplus: — а. Guaranty fund {5.06% of deposits; increase during year, none) . б . Profit and loss {increase during year, $17,411.76) . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . $746 81 Less bank building expense account . . . 1,084 32 ----------------------- . . . $20,552 10 1,831 13 18,720 97 3,014 63 Unearned discount https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . T otal Liabilities . $3,446,453 12 3 BANK COMMISSIONER. No 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Total. Advertising. Other Expenses. Rent. $ 1 35 .74 .04 Amount paid for $ 4 ,102.43 $4,544.00 $532 .00 C ost per $1,000 of assets 1 .1 9 1 .3 2 .15 Cost per $ 1 ,0 0 0 of assets not including State tax and rent . $ 2 ,045.48 .59 $11,359 .65 3 .2 9 1 .9 5 Gross income received during the year, $168,499.65. Bates on Investments and Loans (Average on All, 5.23%). Real estate loans (average rate, 5.89 per cent.): 5% , $185,425; 5 )^ % , $6,600; 6 % , $1,519,091. Personal loans (average rate, 5.72 per cent.); 5 )^ % , $8,000 ; 6 % , $112,384; 6 )4 % , $10,000; 6)4% ', $10,000; 7 % , $16,000. Bonds, stocks, etc. (average rate on amounts invested, 4.39 per cent.); 3% , $30,000; 3 Hj% , $213,600; 4% , $682,900; 4 K % , $120,000; 4 )4 % , $126,000; 5% , $117,600; 5.15% , $15,000; 5 )4 % , $1,200; 5.40% , $20,000; 5 )4 % , $20,000; 6 % , $12,800; 8 % , $6,300; 12% , $10,000; 20% , $27,500. Number of loans not over $3,000 each, 546, amounting to $684,680. 24 real estate loans made during year, amounting to $27,850. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 )4 % . . . . . Oct., 1918, 2 M % ............................................... Number of deposits during year, 2,504, amounting to . . . . . $68,291 51 68,362 82 248,210 80 Number of withdrawals during year, 3,773, amounting t o .......................................................... $384,865 13 383,725 15 N et increase in amount due depositors . . . . . . . . $1,139 98 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $ 120,000 United States 4)4s 20.000 Massachusetts 4s 49.000 Boston 4s 10.000 Los Angeles, Cal., 4)4s 2.000 Lynn 4s 20.000 New Bedford 4s 1.000 Quincy 4s 10.000 San Francisco, Cal., 5s 10.000 Seattle, Wash., 5s 3.000 Taunton 4)4s 17.000 Worcester 4s 3,600 Abington 3A s 17.000 Abington 4s 1.000 Bedford 4s 2.000 Braintree 4s 1.000 Milford 4s 1.000 Rockport 4s 1.000 Sharon 4)4s 10.000 Shelburne Falls 4s Public Funds, Notes. $10,000 Abington 5.15% 20.000 Abington 5.40% 5.000 Hanover 5.15% 1,200 Hanover 5)4s 20.000 Hanover 5)4s 30,900 Seituate 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $15,000 Atch., Top. & Santa F 6 4s 50.000 Baltimore & Ohio 4s 15.000 Boston & Albany 4s 10.000 Boston & Lowell 3)4s 10.000 Boston & Lowell 4s 15.000 Boston & Maine 3H>s 75.000 Boston & Maine 4s 10.000 Boyer Valley 3His 20.000 C., B. & Q. 3V2s 40.000 Chicago, Mil. & St. Paul 4s 10.000 Chicago, Mil. & St. Paul 4Hs 30.000 Chicago & Northwestern 4s 10.000 Cleveland Short Line 4Hs 7,000 Concord & Montreal 4s 35.000 Fitchburg 3His 17.000 Fitchburg 4s 30.000 Illinois Central 3s 30.000 Illinois Central 3His 15.000 Lake Shore & Mich. So. 4s 35.000 Louisville & Nashville 5s 25.000 Maine Central 4Hs 30.000 M „ St. P. & Sit. Ste. Me. 4s 60.000 N. Y. C. & H. R. 4s 80.000 N. Y „ N. H. & H. 3Ms 44.000 N. Y., N. H. & H. 4s 20.000 Northern Maine Seaport 5s 20.000 Old Colony 3As 28.000 Old Colony 4s Par Value. $25,000 Penobscot Shore Line 4s 20.000 Pennsylvania 4 His 12.000 Portland & Rumford Falls 4s 20.000 Southern Pacific 4s 10.000 Vermont Valley 4His Street Railway Bonds. $25,000 Boston Elevated 4s 25.000 Boston'Elevated 4%s 40.000 West End 5s 12.000 Worcester & Blackstone 4%s Bank Stocks. Shs. 96 Abington Nl. Bk. 26 First Nl. Bk., Adams 225 First Nl. Bk., Boston 100 Merchants Nl. Bk., Boston 38 Mt. Vernon Nl. Bk., Boston 50 Second Nl. Bk., Boston 23 Webster & Atlas Nl. Bk., Boston 40 Brockton Nl. Bk. 32 Old Colony Nl. Bk., Plymouth 4 REPO RT OF THE [Pub. Doc. AMHERST SAVINGS BANK, AMHERST. 9 and 11 SOUTH PLEASANT STREET. Incorporated April 5, 1864. Number of corporators, 27; number of trustees, 15. G e o r g e S. K e n d r ic k , President. W il l ia m T . C h a p in , Treasurer. F . M . T h o m p so n , Clerk of the Corporation. Board of Trustees: E. P . B a r t l e t t , F. A . C a d w e l l , W . T . C h a p in , H . T . C o w l e s , G e o r g e C u t l e r , G e o r g e C u t l e r , Jr., C . F. D e u e l , M . A . D ic k in s o n , C. R . E l d e r , J. C. H a m m o n d , G . S. K e n J. F. P a g e , H . S. S h ip m a n , F. M . T h o m p so n , E . M . W h it c o m b . d r ic k , Board of Investment: G. S. K e n d r ic k , E . P. B a r t l e t t , F. A . C a d w e l l . Auditing Committee: G. S. K e n d r ic k , C . F. D e u e l , M . A . D ic k in s o n . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3 p . m .; Saturdays, 9 a .m . to 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes . . . . Street railway bonds . . . . . Boston Terminal Co. bonds . . . . American Tel. & Tel. Co. bonds Stocks of banks and trust companies 974 loans on real estate (average of each, $3,151.05) 41 loans on personal security Bank building and fixtures ( estimated value, $30,000; assessed value, $19,000) Deposits in national banks or trust companies . Cash and cash items . . . . . T otal Assets . . . . $550,875 1,024,812 247,796 147,795 87,220 97,525 3,069,131 85,337 30,000 26,633 1,575 00 50 88 75 00 00 21 89 00 15 28 . $5,368,702 66 Liabilities. Due depositors on 9,391 accounts, averaging $508.53 each $4,775,656 22 ( Accounts opened during year, 674; closed, 717; decrease, 43) Surplus: — a. Guaranty fund (5.IS% of deposits; increase during year, $1,532.93) b. Profit and loss (increase during year, $22,002.60) Current income: — a. Interest . . . . . . . $94,781 26 b. Rent . . . . . . . 249 96 244,565 50 230,703 67 $95,031 22 Less current expenses not charged off Less State taxes not charged off $1,029 46 3,417 23 4,446 69 Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities 90,584 53 27,192 74 . $5,368,702 66 BANK COMMISSIONER. No. 8.] 5 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. $ 5,982.34 $ 9 ,871.66 Amount paid for $ 1,500.00 1 .11 1 .8 3 Cost per $1,000 of assets .28 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $ 1 ,233.28 .23 $18,780 .65 3 .4 8 2 .0 9 $ 1 93 .37 .03 Gross income received during the year, $254,107.19. Rates on Investments and Loans (Average on All, 5.07%). Real estate loans (average rate, 5.50 per cent.): 5% , $15,000; 5 % % , $2,991,703.21; 6 % , $62,428. Personal loans (average rate, 5.98 per cent.): 4 M % , $500; 5 ^2 % , $150; 6 % , $84,687.89. Bonds, stocks, etc. (average rate on amounts invested, 4.42 per cent.): 3% , $25,000; 3J^%, $230,000; 4% , $877,700; 4 M % , $258,050; 4 M % , $478,400; 5% , $233,400; $21,700 ; 9 % , $3,000; 10% , $600; 12%, $16,700; 20% , $400. 6 % , $29,000; 7% , $21,000; 8 % , Number of loans not over $3,000 each, 770, amounting to $1,012,997.10. 12 real estate loans made during year, amounting to $26,550. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2)4,% July, 1918, 2 \i% Number of deposits during year, 5,235, amounting to Number of withdrawals during year, 7,629, amounting to Net decrease in amount due depositors . . $106,383 8 6 106,205 76 470,673 97 . . . . . . . . . . . . $683,263 59 765,739 55 $82,474 96 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 U. S. Cer. of Indebted. 4J^s 233,050 United States 4l4s 50.000 Massachusetts 4s 50.000 Boston 4s 2 5 .0 0 0 Boston 4 '4 S 25.000 Duluth, Minn., 4J^s 11.000 Holyoke 4s 25.000 Los Angeles, Cal., 43^s 25.000 Seattle, Wash., 5s Public Funds, Notes. $46,400 Amherst 4s 8,400 Amherst 4)^s 3,000 Pelham 4s Par Value. $95,000 Boston & Maine 4b£s 35.000 C., B. & Q. 3^s 50.000 C., B. & Q. 4s 50.000 Chic., Mil. & St. Paul 4MJs 25.000 Chic., Mil. & St. Paul 5s 85.000 Fitchburg 4s 75.000 Fitchburg 4J^s 25.000 Fitchburg 5s 10.000 Fitchburg 6s notes 25.000 Illinois Central 3s 25.000 Illinois Central 4s 25.000 Louisville & Nashville 5s 25.000 Maine Central 4J4s 50.000 N .Y .C .& H .R . 4s 25.000 N. Y „ N. H. & H. 3Ms 125,000 N. Y., N. H. & H. 4s 20.000 Northern Maine Seaport 5s 25.000 Portland Terminal Co. 4s Railroad Bonds. $25,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4 Mis 25.000 Baltimore & Ohio 5s 25.000 Boston & Albany 4s 20.000 Boston & Maine 3Mjs 135,000 Boston & Maine 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. $25,000 Boston Elevated 4s 50.000 Boston Elevated 4Hs 25.000 Boston Elevated 5s 25.000 Boston & Northern 4s 25.000 Springfield 4s Par Value. $25,000 West End 4Hs 50.000 West End 5s 25.000 Worc. & Blackstone V. 4L£s Bank Stocks. Shs. 100 First NI. Bk., Amherst 4 Second Nl. Bk., Boston 23 Conway Nl. Bk. 28 City Nl. Bk., Danbury, Ct. 47 First Nl. Bk., Easthampton 56 Franklin Co. Trust Co., Greenfield 100 City Nl. Bk., Holyoke 100 Holyoke Nl. Bk. 30 Nat. Bk. of Commerce, New Lon don, Ct. 67 Northampton Nl. Bk. 78 Hamp. Co. Nl. Bk., Northampton 78 First Nl. Bk., Northampton 117 Thames Nl. Bk., Norwich, Ct. 115 Chapin Nl. Bk., Springfield 28 Crocker Nl. Bk., Turners Falls 4 Ware Trust Co. 6 Mechanics Nl. Bk., Worcester 6 REPO RT OF THE [Pub. Doc \ ANDOVER SAVINGS BANK, ANDOVER. M AIN STREET. Incorporated April 2, 1834. Number of corporators, 32; number of trustees, 12. B u r t o n S. F l a g g , President. F r e d e r ic S. B o u t w e l l , Treasurer. A l f r e d E . St e a r n s , Clerk of the Corporation. Board o f Trustees: A r t h u r B l is s , F. S. B o u t w e l l , J. H . C a m p io n , J. N . C o l e , H . M . E a m e s , B. S. F l a g g , F. H . J o n e s , B a r n e t t R o g e r s , D a v id S h a w , G . F. S m it h , A . E . S t e a r n s , S. D . S t e v e n s . Board of Investment: S. D . S t e v e n s , J. H . C a m p io n , B. S. F l a g g . Auditing Committee: J. N . C o l e , J. H . C a m p io n , D a v id S h a w . Deposits draw interest from third Wednesday of March, June, September and December; dividends are payable the third Wednesday of June and December. Business hours: 9 a .m . to 12 m .; 2 to 4 p . m .; Wednesdays, 9 a .m . to 12 m .; the third Wednesday of March, June, September and Decem ber, 9 a .m . to 12 m .; 2 to 4 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,083 loans on real estate (average o f each, $2,677-48) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,899,984 75 275 00 . . 20,000 00 89,618 75 149,329 00 2,899,709 495,233 12,139 973 91,962 16,228 58 loans on personal security . . . . . Real estate by foreclosure, etc. (assessed value, $14,400) W ar savings stamps and thrift stamps Deposits in national banks or trust companies . Cash and cash items . . . . . . T otal Assets . $815,128 00 1,031,080 62 130,150 00 . . . . . 75 50 80 52 46 30 $5,751,553 70 Liabilities. Due depositors on 9,484 accounts, averaging $534.03 each . $5,064,734 63 {Accounts opened during year, 666; closed, 743; decrease, 77) Surplus: — a. Guaranty fund (5.18% of deposits; increase during year, none) b. Profit and loss (increase during year, $36,298.44) Current income: — Interest . . . . . . . . . Less current expenses not charged off . . . 262,430 00 283,013 44 $94,107 27 5,064 64 ------------------- Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . 89,042 63 52,333 00 $5,751,553 70 7 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. $347 .13 .06 Amount paid for $ 7 ,510.10 $ 9 ,932.50 $1,740.00 Cost per $1,000 of assets 1 .31 1 .7 2 .30 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $3,741.54 .65 $23,271.27 4 .0 4 2 .4 3 Gross income received during the year, $275,906.42. R ates on Investments and Loans (Average on All, 5.22%). Real estate loans (average rate, 5.46 per cent.): 4 34%» $78,441; 5% , $158,615; 534%» $2,578,878.75; 6 % , $83,775. Personal loans (average rate, 5.97 per cent.): 4 )4 % , $2,000; 43£%> $16,917.50; 5% , $7o0; 534%» $135; 6 % , $434,131; 634% , $37,300; 634% , $4,0Q0. Bonds, stocks, etc. (average rate on amounts invested, 4.74 per cent.): 334%, $159,000; 4% , $1,101,150; 4 M % , $327,120; 434% , $210,000; 5%, $228,000; 534%, $2,000; 534%, $33,200; 6 % , $69,000; 8 % , $27,200; 9 % , $8,900; 10%, $40,000; 12% , $10,000; 16% , $12,100; 20% , $26,800. Number of loans not over $3,000 each, 8 6 8 , amounting to $1,427,488.75. 33 real estate loans made during year, amounting to $78,700. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: D ec., 1917, 2% . . . . . . June, 1918, 2 3 4 % , ............................................... Number of deposits during year, 7,279, amounting t o .......................................................... $101,235 60 112,292 14 447,430 60 Number of withdrawals during year, 6,135, amounting t o .......................................................... $660,958 34 758,653 70 N et decrease in amount due depositors . . . . . . . . . $97,695 36 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Railroad Bonds. Par Value. Par Value. $25,000 Baltimore & Ohio 4s $12,650 United States 4s 30.000 Bangor & Aroostook 5s 247,120 United States 434s 25.000 Boston & Albany 4s 25.000 Massachusetts 334s 13.000 Boston & Albany 5s 55.000 Massachusetts 4s 15.000 Boston & Lowell 4s 25.000 Boston 4s 110.000 Boston & Maine 4s 15.000 Boston 43is 30.000 Boston & Maine 4J4s 35.500 Brockton 4s 15.000 B. & N. Y. Air Line 4s 15.000 Canton, 0., 5J4s 75.000 Concord & Montreal 4s 25.000 Chelsea 334s 20.000 Conn. & Pass. Rivers 4s 500 Chicago, 111., 4s 25.000 Danbury & Norwalk 5s 15.000 Cleveland, 0 ., 434s 25.000 Fitchburg 4s 15.000 Dayton, 0., 534s 25.000 Fre., Elk. & Mo. Val. 6s 10.000 Fall River 4s 15.000 Gouv. & Oswegatchie 5s 10.000 Lawrence 4s 40.000 Holyoke & Westfield 434s 15.000 Los Angeles, Cal., 4}4s 35.000 Illinois Central 4s 15.000 Minneapolis, Minn., 4s 15.000 Louisville & Nashville 5s 15.000 New Bedford 4s 35.000 Maine Central 434s 10.000 Pittsburgh, Pa., 434s 5.000 Me. Cent. & E. & N. A. 4s 20.000 Portland, Ore., 434s 25.000 Manchester & Law. 4s 10.000 Providence, R. I., 4s 5.000 Mich. Cen.-Det. & B. C. 5s 15.000 Seattle, Wash., 434s 10.000 Mobile & Ohio 6s 10.000 Seattle, Wash., 5s 15.000 Montana Central 6s 25.000 South Norwalk, Conn., 434s 25.000 N. Y., N. H. & H. 334s 15.000 Toledo, 0., 434s 90.000 N. Y., N. H. & H. 4s 10.000 Amesbury, 4s 45.000 No. Maine Seaport 5s 44.000 Andover 334s 148.000 Old Colony 4s 33.000 Andover 4s 10.000 Pennsylvania 434s 10.000 Methuen 4s 25.000 St. J. & L. C. 5s 21.500 North Andover 4s 11.000 Wilmar & Sioux Falls 5s 10.000 Palmer 4s 50.000 Wore., Nash. & R. 4s 20.000 Kennebec, Me. (W.D.), 3J4s 12.000 Kittery, Me. (W. D.), 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. Par Value. $40,000 Boston Elevated 4s 10.000 Boston Elevated 434s 25.000 Boston & Northern 4s 2,000 Lowell, Law. & Haverhill 5s 25.000 West End 434s 10.000 West End 5s 10 .000 Wore. Consd. 4J4s 10.000 Wore. Consd. 5s Bank Stocks. Shs. 190 Andover Nl. Bk. 32 Boylston Nl. Bk., Boston 25 Commonwealth Tr. Co., Boston 158 First Nl. Bk., Boston 115 Merchants Nl. Bk., Boston 6 Nl. Security Bk., Boston 400 Nl. Shawmut Bk., Boston 89 Nl. Union Bk., Boston 129 Old Boston Nl. Bk., Boston 100 Old Colony Trust Co., Boston 110 Second Nl. Bk., Boston 172 Webster & Atlas Nl. Bk., Boston 75 Bay State N. Bk., Lawrence 20 Warren Nl. Bk., Peabody 8 REPO RT OF THE [Pub. Doc. ARLINGTON FIVE CENTS SAVINGS BANK, ARLINGTON. G22 MASSACHUSETTS AVENUE. Incorporated April 2 , 1860. Number of corporators, 39; number of trustees, 17. G e o e g e H i l l , President. A r t h u r J. W e l l in g t o n , Clerk of the Corporation. W il so n D . C l a r k , Jr., Treasurer. E d w a r d S. F e s s e n d e n , Assistant Treasurer. Board of Trustees: C. W . A l l e n , W . D . C l a r k , Jr„ W . K . C o o k , E . S. F e sse n d e n , J. R . F oster R . D . G r e e n e , G e o r g e H i l l , H e n r y H o e n b l o w e r , C . A . M o o r e , M . E . M o o r e , B. A . N o r t o n ' J. P . P a r m e n t e e , C . G . P e c k , H . G . P o r t e r , W . G . R o l f e , A . J. W e l l in g t o n , O W W h it t e m ore. Board of Investment: C. W . A l l e n , G e o r g e H i l l , O. W . W h it t e m o r e . Auditing Committee: B. A . N o r t o n , J. P. P a r m e n t e e , H . G. P o r t e r . Deposits draw interest from first Saturday of January, April, July and October; dividends are pay able the first Saturday of January and July. Business hours: 9 a .m . to 12 m ; 1 to 3 p m • Sat urdays, 9 a .m . to 12 m . ; 7 to 9 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & Tel. Co. bonds Stocks of banks and trust companies 458 loans on real estate (average of each, $4,292.70) 4 loans on personal security Bank building and fixtures (estimated value, $25,000; assessed value, $24,830) Real estate by foreclosure, etc. (assessed value, $151,050) W ar savings stamps and thrift stamps Liberty Loan Bonds, balance due from subscribers Deposits in national banks or trust companies . Cash and cash ifems . . . . $917,477 465,262 70,775 22,900 6,074 1,966,057 25,040 00 50 00 00 08 11 00 100 00 105,175 356 669 172,645 3,825 05 40 95 95 95 T otal A s s e t s .....................................................$3,756,358 99 Liabilities. Due depositors on 10,057 accounts, averaging $337.05 each (Accounts opened during year, 2 , 2 3 4 closed, 1,318; increase, 916) Surplus: — a. Guaranty fund (4.98% of deposits; increase during year, $4,127.24) h. Profit and loss (decrease during year, $549.41) Current income: — Interest . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . $3,389,704 69 168,771 74 171,150 70 17,859 8 6 8,872 00 . $3,756,358 99 BANK COMMISSIONER No. 9 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $2,995.00 .80 . . $16,266 .46 4 .3 4 3 .2 2 Amount paid for $ 3 ,185.04 $ 8 ,878.65 $1,000.00 $ 2 07 .77 Cost per $1,000 of assets .85 2 .3 6 .27 .06 Cost per $1,000 of assets not including State tax and rent . . . . Gross income received during the ybar, $172,939.06. Rates on Investments and Loans (Average on All, 4.95%). Real estate loans (average rate, 5.31 per cent.): 4J^%, $5,200; 5% , $795,290.33; 5Mt%, $55,925; a 14%, $1,024,906.78; 5 % % , $7,300; 6 % , $76,835; 7% , $600. Personal loans (average rate, 5.66 per cent.); 5 14%, $17,000; 6 % , $8,040. Bonds, stocks, etc. (average rate on amounts invested, 4.47 per cent.): 3 }4Vc, $130,150; 4% , $663,750; 4h£%. $183,930; 4J£% , $197,000; 4M%> $10,000; 5% , $111,000; 5.55% , $10,000; 6 % , $187,000; 8 % , $2,500; 10% , $4,600. Number of loans not over $3,000 each, 243, amounting to $336,547.11. 11 real estate loans made during year, amounting to $45,200. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: January, 1918, 2 % % . . . . . July, 1918, 2 M % ............................................... Number of deposits during year, 18,720, amounting to . . . . . Number of withdrawals during year, 7,742, amounting to . N et increase in amount due depositors . . . . . . . . . . . $71,536 47 72,299 42 573,397 69 . $717,233 58 621,985 8 6 . $95,247 72 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $120,000 U. S. Cer. of Indebted. i}4s 26,300 United States S]4s 183,780 United States 4)4s 35.000 Massachusetts 4s 10.000 Beverly 4s 25.000 Boston 3J^s 40.000 Boston 4s 18.000 Brockton 4s 6.000 Brockton 4J^s 1.000 Chelsea 4s 50.000 Fall River 4s 4.000 Fitchburg 4s 5.000 Hamilton, 0., 5s 5.000 Lawrence 4s 7.000 Lowell 4s 32.000 Lynn 4s 15.000 Lynn 4Mis 5.000 Malden 4s 4,800 Medford 4s 15.000 New Bedford 4s 9.000 North Adams 4s 6.000 Rochester, N. H., 4s 2.000 Salem 4s 10.000 South Norwalk, Conn., 4s 2.000 Taunton 4s 12.000 Wallingford, Conn., 4s 15.000 Waltham 4s 5.000 Waterbury, Conn., 4s 5.000 Worcester 4s 4.000 Agawam 4s 14,500 Amesbury 4s 52.000 Arlington 3Mis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $19,000 Arlington 4s 11.000 Arlington 4}^s 25.000 Concord 4s 2.000 Cranston, R. I., 4s 10.000 Gardner 4s 4.000 Georgetown 4s 9.000 Lexington 4s 9.500 Methuen 4s 1,250 Russell 4s Public Funds, Notes. $10,000 Adams 4s 16.000 Arlington 4s 10.000 Bourne 4%s 5.000 Dartmouth 4s 3.000 Duxbury 4s 16.000 Hull 4s 10.000 Norwood 5.55% 1.000 Randolph 4s 11.000 Revere 4s 2.500 Swansea 4s 5,200 South Hadley (F. D.) 4s Railroad Bonds. $10,000 Baltimore & Ohio 4J^s 27.000 Boston & Maine 4s 15.000 C., B. & Q. 4s 1.000 C .,B .& Q . 5s 16.000 Chic., Mil. & St. Paul 6s 5.000 Chicago & Northwestern 4s 37.000 Chi., St. Paul, Minn. & O. 6s 35.000 Concord & Montreal 4s Par Value. $8,000 Fitchburg 4s 41.000 Fre., Elk. & Mo. Valley 6s 14.000 Louisville & Nashville 5s 19.000 Louisville & Nashville 6s 5.000 Maine Central 4b£s 10.000 Mil., Lake Shore & West. 6s 5.000 Min., St. P. & Sit. Ste. M. 4s 5.000 Mobile & Ohio 6s 30.000 Montana Central 6s 25.000 N. Y., N. H. & H. 4s 15.000 Northern Maine Seaport 5s 4.000 Ohio River 5s 35.000 Old Colony 4s 10.000 Penobscot Shore Lins 4s 24.000 Pitts., Mck. & Yough. 6s 15.000 Portland Terminal Co. 4s 15.000 Ports., Gt. Falls & Con. 4Mis 20.000 St. J. & L. C. 5s 5.000 St. Paul, Minn. & Man. 6s 15.000 Upper Coos 4s 6.000 Wilmar & Sioux Falls 5s Street Railway Bonds. $25,000 Lynn & Boston 5s 10.000 West End 4s 15.000 West End 4Mis 21.000 West End 5s Bank Stocks. Shs. 25 Menotomy Trust Co., Arlington 34 Fourth-Atlantic Nl. Bk., Boston 12 National Union Bk., Boston 10 REPO RT OF THE [Pub. Doc, ASSABET INSTITUTION FOR SAVINGS, MAYNARD. M AIN STREET. Number of corporators, 31; number of trustees, 19. Incorporated March 31, 1904. C h a b l e s H . P e b s o n s , President. A e t h u e E . W a l k e e , Treasurer. H o w a b d A . W il s o n , Clerk of the Corporation. Board of Trustees: J. R . B e n t , W . B . C a s e , J. W . F l o o d , O. S. F o w l e b , G . H . G u t t e b id g e , W . H . G u t t e e id g e , A. G . H a y n e s , A . T . H a y n e s , A . W . H a y n e s , E d w a b d H e n d e b so n , F b a n k H o i t , J a co b L a u b i l i a , L . H . M a y n a b d , J a m e s M u l l in , T . F . P a b k e e , C . H . P e b s o n s , F . H . S t e v e n s , A . E . W a l k e e , H . A . W il s o n . Board of Investment: C . H . P e b s o n s , J. R . B e n t , A . G . H a y n e s , O . S. F o w l e b , W . B . C a s e . Auditing Committee: W . H . G u t t e b id g e , T . F. P a e k e b , L. H . M a y n a b d , J a m e s M u l l in . Deposits draw interest from first day of January, April, July and October; dividends are payable the Thursday after the first Wednesday of January and July. Business hours, 9 a .m . to 3 p . m .; also Fridays, 7 to 8 p . m ., and Saturdays, 3 to 4 and 7 to 8 p . m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . . American Tel. & Tel. Co. bonds . . . . . 137 loans on real estate {average of each, $1,815.32) . . 52 loans on personal security . . . . . Furniture and fixtures . . . . . . . Taxes, insurance, etc., paid on mortgaged properties . Deposits in national banks or trust companies . . Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $15,000 36,720 27,142 5,486 248,698 104,965 1,448 51 8,596 2,638 . . . . T otal Assets . 00 25 05 25 00 00 00 00 52 85 . $450,745 92 . $437,556 54 Liabilities. Due depositors on 1,975 accounts, averaging $221.54 each (Accounts opened during year, 481; closed, 246; increase, 235) Surplus: — a. Guaranty fund {.940% of deposits; increase during year, $989) b. Profit and loss (increase during year, $1,161.82) Current income: — Interest . . . . . . Less current expenses not charged off . . . . Unearned discount . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . 4,116 00 6,376 10 $1,486 30 1,110 55 ----------------- . T otal Liabilities . . . . . 375 75 2,321 53 $450,745 92 11 BANK COMMISSIONER, No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Amount paid for $619.51 $ 1,880.98 $ 3 79 .92 $8 9 .5 2 $ 4 66 .83 C o s t per $1,000 of assets 1 .3 7 4 .1 6 .8 4 .20 1 .0 3 Cost per $1,000 of assets not including State tax and r e n t ...............................................• Total. $ 3 ,436.76 7 .6 0 5 .3 9 Gross income received during the year, $19,878.66. Rates on Investments and Loans (Average on All, 5.82%). Real estate loans (average rate, 5.84 per cent.): 5% , $36,000; 5Mi%> $7,000; 6 % , $205,698. Personal loans (average rate, 6.44 per cent.): 6 % , $22,380; 6 J^%, $17,500; 6 Mi% , $46,705; 7% , $18,380. Bonds, stocks, etc. (average rate on amounts invested, 5.01 per cent.): 3J^%, $6,500; 4 % , $19,500; 4J^% . $3,000; 4 M % , $14,000; 5% , $22,000; 6 % , $15,000; &}4%, $5,000; 7% , $2,000. Number of loans not over $3,000 each, 155, amounting to $166,363. 23 real estate loans made during year, amounting to $40,300. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% . July, 1918, 2 H % Number of deposits during year, 3,308, amounting to $6,354 16 7,930 36 191,237 45 Number of withdrawals during year, 1,710, amounting to . $205,521 97 126,778 03 $78,743 94 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $2,000 United States 4s 3,000 United States 4¿48 10,000 Maynard 6s Railroad Bonds. $4,000 Baltimore & Ohio 3)^8 2.000 Baltimore & Ohio 4Mis 4.000 Bangor & Aroostook 5s 2.000 Boston & Albany 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $1,000 Boston & Maine 4s 2.000 Boston & Maine 4Ms 500 Bridgton & Saco River 4s 5.000 Connecticut River 6s, notes 5.000 Fitchburg 6 )^ 8, notes 2.000 Louisville & Nashville 5s 4.000 Maine Central i}4s 2.000 N. Y. C. & H. R. 4s 1,500 N. Y., N. H. & H. 3Hs 1.000 N .Y .i N .H . & H.4S 1.000 Peoria & Northwestern 3Mis 1.000 Upper Coos 4s Street Railway Bonds. Par Value. $1,000 Boston Elevated 4s 2.000 Boston Elevated 4Mis 2.000 Boston Elevated 5s 2.000 Boston & Northern 4s 3.000 Lynn & Boston 5s 3.000 West End 4s 8.000 West End 5s 2.000 West End 7s 4.000 Worcester & Blackstone 4b£s 1.000 Worcester Consolidated 5s 12 REPO RT OF THE [Pub. Doc. ATHOL SAVINGS BANK, ATHOL. 384 M AIN STREET. Incorporated February 12, 1867. L e v i B . F a y , President. Number of corporators, 6 6 ; number of trustees, 12. R a l p h D . S u t h e r l a n d , Treasurer. F r a n k S. P a r m e n t e r , Clerk of the Corporation. Board of Trustees: C . F . A m sd e n , O. T . B r o o k s , L . B . F a y , G . C . L o n g l e y , F . S. P a r m e n t e r , A . J. R a y m o n d , P. B . S w i f t , L . B. T a y l o r , A . F . T y l e r , E . W . T y l e r , F . E . W i n g , E . L. W o r r ic k . Board o f Investment: L. B. F a y , C. F. A m sd e n , P. B . S w i f t , L . B . T a y l o r , E . W . T y l e r . Auditing Committee: O. T . B r o o k s , F. S. P a r m e n t e r , A . F. T y l e r . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3.30 p . m .; Saturdays, 9 a .m . to 12.30 p .m .; also Thursdays, 7 to 8.30 p .m ., for deposits only. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . Street railway bonds . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . Stocks of banks and trust companies . . . . . . . 323 loans on real estate (average of each, $9,505.79 ) . . . . . 62 loans on personal security . . . . . . . . Real estate by foreclosure, etc. (assessed value, $235) . . . . W ar savings stamps and thrift stamps . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . $301 500 00 § 0 7 g 5 Q qq 185 5 7 5 00 50 000 00 ’ 89 384 38 60 200 00 3,070,371 93 541 884 42 25 00 42 06 85 538 32 1 0 34 . 4 4 T otal A s s e t s .....................................................$5,194,105 55 Liabilities. Due depositors on 10,218 accounts, averaging $452.94 each . . . . . $4,628,151 47 (Accounts opened during year, 986; closed, 1,070; decrease, 84) Surplus: — a. Guaranty fund (.4.86% of deposits; increase during year, $11,743.78) . . . b. Profit and loss (increase during year, $22,626.85) . . . . . . Current income: — I n t e r e s t .........................................................................................................$106,185 04 Less current expenses not charged off . . . . 5,039 84 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 225,000 0 0 239,808 8 8 ----------------------- 101,145 20 Total L i a b i l i t i e s .......................................... $5,194,105 55 1 No. 8.] BANK COMMISSIONER 13 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Amount paid for $ 6 ,282.96 $11,797 .48 $660.00 Cost per $1,000 of assets 1 .2 0 2 .2 7 .13 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $2,394.41 .46 $21,276 .68 4 .0 9 2 .7 6 $ 1 41 .83 .03 Gross income received during the year, $260,705.44. Rates on Investments and Loans (Average on All, 5.31%). Real estate loans (average rate, 5.40 per cent.): 5% , $762,000; 5 )^ % , $2,135,431.93; 6 % , $172,940. Personal loans (average rate, 6.08 per cent.): 53^% , $35,000; 6 % , $382,134.42; 6 3€% , $35,000; 6 Ma%, $64,750; 7% , $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.84 per cent.): 33^% , $135,000; 4 % , $548,000; 43€%i $155,000; 4J^%, $185,000; 5% , $158,000; 6 % , $257,000; 7% , $35,000; 10%, $45,200; 12% , $5,000. Number of loans not over $3,000 each, 233, amounting to $287,376.93. 23 real estate loans made during year, amounting to $111,800. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % . . . . . . July, 1918, 2 % .......................................................... Extra dividends declared during year, July, 1918, 14.% . . . . . Number of deposits during year, 7,309, amounting to . . . . . . Number of withdrawals during year, 6,948, amounting to . N et increase in amount due depositors . . . . . . . . . . . . . $89,229 89,844 11,191 614,132 06 52 53 44 $804,397 55 758,319 89 $46,077 6 6 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $25,000 U. S. Cer. of Indebted. 4}4s 130,000 United States 434s 10.000 Massachusetts 3Ms 10.000 Boston 4s 14.000 Brockton 4s 10.000 Dubuque, la., 4s 5,000 Grand Rapids, Mich., 4Ms 10.000 Indianapolis, Ind., 4s 25.000 Lynn 434s 25.000 Minneapolis, Minn., 4s 25.000 Worcester 33^s Public Funds, Notes. $14,000 Athol 4s Railroad Bonds. $10,000 Baltimore & Ohio 3Mis 25.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4Mis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Baltimore & Ohio 5s 5,000 Boston & Albany 4s 35.000 Boston & Albany 5s 20.000 Boston & Maine 4}4s 15.000 Chicago, Mil. & Puget S. 4s 25.000 Chic., Mil. & St. Paul 4s 13.000 Chicago & Northwestern 5s 12.000 Chicago & Northwestern 6 s 50.000 Chicago, R. I. & Pacific 4s 10.000 Connecticut River 6s, notes 75.000 Fitchburg 4s 25.000 Fitchburg 4J^s 10.000 Fitchburg 6s, notes 40.000 Illinois Central 3)4s 25.000 Illinois Central 4s 50.000 Louisville & Nashville 6 s 20.000 Maine Central 43^s 25.000 Minn., St. P. & S. S. Marie 4s 10.000 Mobile & Ohio 6 s 25.000 Montana Central 6s 25.000 N. Y. C. & H. R. 4s 25.000 N. Y., Lack. & West. 6s 50.000 N. Y „ N. H. & H. 4s 50.000 N. Y., N. H. & H. 6s Par Value. $25,000 No. Maine Seaport 5s 40.000 St. Paul, Minn. & Man. 6s 25.000 St. Paul & North. Pacific 6s 15.000 Troy & Boston 7s Street Railway Bonds. $35,000 Boston Elevated 4Ms 10.000 Boston Elevated 5s 35.000 Boston & Northern 4s 25.000 Lynn & Boston 5s 10.000 Old Colony 4s 25.000 West End 5s 20.000 West End 7s 30.000 Worcester Consolidated 4J^s Bank Stocks. Shs. 41 Millers Riv. Nl. Bk., Athol 300 Nl. Shawmut Bk., Boston 11 First Nl. Bk., Greenfield 50 Springfield S. D. & T. Co. 100 Worcester Bank and Trust Co. \ 14 REPO RT OF THE [Pub. Doc ATTLEBOROUGH SAVINGS BANK, NORTH ATTLEBOROUGH. 48 NORTH W ASHINGTON STREET. Branch Office: 1 North M ain Street, Attleboro. Incorporated February 2, 1860. A l b e r t T o t t e n , President. Number of corporators, 89; number of trustees, 16. J a m e s E . T o t t b n , Treasurer. A r t h u r E . C o d d in g , Clerk of the Corporation. Board of Trustees: W . B . B a l l o u , T . S. C a r p e n t e r , G . W . C h e e v e r , A . E . C o d d in g , C . W . F i s h e r , C . C . G r a n t , G . H . H e r r ic k , R . M . H o r t o n , J. F . M a s o n , C . T . P a t e , E . A . R e m in g t o n , M . E . R o w e , F . E . S t u r d y , A l b e r t T o t t e n , J. E . T w e e d t , G . K . W e b s t e r . Board of Investmemt: G . W . C h e e v e r , C . C . G r a n t , R . M . H o r t o n , M . E . R o w e , F . E . S t u r d y , A lbert T otten. Auditing Committee: A . E . C o d d in g , J. F. M a s o n , J. E . T w e e d y . Deposits draw interest from first day of January, April, July and October; dividends are payable April 15 and October 15. Business hours; 9 a . m . to 3 p .m .; Saturdays, 9 a . m . to 12 m . . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds American T el. & Tel. Co. bonds Stocks of banks and trust companies Securities acquired in settlement of indebtedness 665 loans on real estate (average of each, $2,965.80) 107 loans on personal security Bank building and fixtures ( estimated value, $80,000; assessed value, $27,580) Real estate by foreclosure, etc. (assessed value, $162,855) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps Deposits in national banks or trust companies . Cash and cash items . . . . Total Assets . . . . $122,443 99 453,537 00 100,970 00 10,000 00 54,720 6,250 36,910 1,972,257 1,493,530 00 00 25 33 93 20,000 00 62,388 4,035 197 77,707 10,235 . . 63 00 00 94 04 $4,425,183 11 Liabilities. Due depositors on 8,291 accounts, averaging $469.50 each . $3,892,664 63 (Accounts opened during year, 928; closed, 817; increase, 111) Surplus: — a. Guaranty fund (4.96 % of deposits; increase during year, $5,000) b. Profit and loss (decrease during year, $790.19) Current income: — Interest . . . . . . . . . Less current expenses not charged off . . . . Unearned discount . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities 193,000 00 198,336 01 $19,584 60 1,737 58 - - ........... ..... 17,847 02 40,000 00 83,335 45 . $4,425,183 11 15 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Other Expenses. Total. $ 1 07 .40 .02 $ 4,970.80 1 .1 2 $20,366.22 4 .5 9 2 .6 3 Am ount paid for $ 7,725.54 $6,607.29 $ 9 55 .19 Cost per $1,000 of assets 1 .7 4 1 .4 9 .22 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $219,341.65. Rates on Investments and Loans (Average on A ll, 5.60%). Real estate loans (average rate, 5.48 per cent.): 4 }^ % , $17,650; 5% , $889,412.77; 5J^%, $203,620; 6 % , $861,574.56. Personal loans (average rate, 6.26 per cent.): 5% , $32,900; 6 % , $562,962.90; 6 K % , $218,500; 6 J^%, $603,367.23; 6 M % . $50,000 ; 7% , $25,800.80. Bonds, stocks, etc. (average rate on amounts invested, 4.63 per cent.): 3% , $60,000; 33^%, $149,750; 4% , $219,000; 4 M % , $83,750; 4 ^ % ? $100,000; 5% , $165,000; 6 % , $20,000; 6.10% , $15,000 ; 7% , $30,100. Number of loans not over $3,000 each, 714, amounting to $833,053.56. 36 real estate loans made during year, amounting to $66,050. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% . Oct., 1918, 2% . Extra dividends declared during year: April, 1918, K % Oct., 1918, Number of deposits during year, 10,303, amounting to . . . . . . . . . . . . . . . . ............................................... . . . . Number of withdrawals during year, 7,586, amounting to . N et increase in amount due depositors . . . . . . . . . . . . . $72,293 73,500 18,073 18,375 626,097 35 78 33 19 04 $808,339 69 661,677 6 8 $146,662 01 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $9,750 United States 3Hs 4,000 United States 4s 83,750 United States 4j4s 25.000 San Francisco, Cal., 5s Railroad Bonds. $50,000 Baltimore & Ohio 4}^s 50.000 Baltimore & Ohio 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Boston & Albany 3 ' 30.000 Boston & Maine 3J4s 20.000 Boston & Providence 6s 50.000 Chicago, Mil. & St. Paul 4J4s 5,000 Chicago, Mil. & St. Paul 5s 25.000 Fitchburg 4s 30.000 Fitchburg 5s 60.000 Illinois Central 3s 25.000 Illinois Central 3J^s 50.000 Illinois Central 4s 50.000 N. Y., N. H. & H. 3}4s Street Railway Bonds. Par Value. $50,000 Boston Elevated 5s 30.000 Boston & Northern 4s 30.000 Old Colony 4s Bank Stocks. Shs. 50 Manuf. Nl. Bk., No. Attleborough 16 REPO RT OF THE [Pub. Doc, BARRE SAVINGS BANK, BARRE. Incorporated M ay 1 , 1869. Number of corporators, 43; number of trustees, 16. C . H . F o l l a n s b y , President. M . B. H a n c o c k , Treasurer. H a b d in g J e n k i n s , Clerk of the Corporation. Board of Trustees: A . F. A d a m s , H a r d in g A l l e n , C . F. A t w o o d , J. C . B a r t h o l o m e w , C . H . F ol l a n s b y , C . A . G l e a s o n , L. M . H a n p f , G . N . H a r w o o d , H a r d in g J e n k in s , H . L. P ie r c e , G. F . R ic e , L. H . R ttggles, G . R . S im o n d s , J. L. S m it h , A . G . W il l ia m s , A . S. W o o d w a r d . Board o f Investment: H a r d in g A l l e n , C. F . A t w o o d , J. C . B a r t h o l o m e w , C. H . F o l l a n s b y , G. N . H arw ood. Auditing Committee: J. C . B a r t h o l o m e w , H a r d in g J e n k in s , J. L . S m it h . Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable January 15 and July 15. Business hours: 9 a .m . to 12 m .; 1 to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 209 loans on real estate ( average of each, 83,527.45) . . . . . . . 6 loans on personal security . . . . . . . . . . Bank building and fixtures {estimated value, $10,000; assessed value, $6,800) . . Deposits in national banks or trust companies . . . . . . . C a s h ................................................................................................................................................................... Total Assets $171,040 227,890 73,229 9,337 21,693 10,425 737,239 15,679 4,000 14,436 199 80 00 00 50 75 00 00 00 00 10 15 . $1,285,169 30 . $1,160,616 69 Liabilities. Due depositors on 2,377 accounts, averaging $488.26 each (Accounts opened during year, 216; closed, 203; increase, 13) Surplus: — a. Guaranty fund (4-98% of deposits; increase during year, 81,700) b. Profit and loss {decrease during year, $254-17) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . $763 56 Less State or local taxes not charged off . . 129 20 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 57,800 00 60,508 26 $7,137 11 892 76 ----------------- Total Liabilities . 6,244 35 . $1,285,169 30 17 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Amount paid for $ 1,510.30 $1,800.00 $250.00 Cost per $1,000 of assets 1 .1 7 1 .4 0 .19 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $ 9 46 .36 $4,506.66 .74 3 .5 0 .......................................................................... 2 .1 4 Gross income received during the year, $62,309.59. Rates on Investments and Loans (Average on All, 5.32%). Real estate loans (average rate, 5.92 per cent.): 5J^%, $111,000; 6 % , $626,239. Personal loans (average rate, 6 per cent.): 6 % , $15,679. Bonds, stocks, etc. (average rate on amounts invested, 4.44 per cent.): 3% , $66,000; 3J^%, $45,000; 3 M % , $5,000; 4% , $141,650; 4 M % , $95,000; 4 ^ % , $65,000; 5% , $105,000; 5 ^ % , $2,000; 8 % , $5,000; 20% , $3,400. Number of loans not over $3,000 each, 165, amounting to $171,444. 4 real estate loans made during year, amounting to $ 6 ,0 0 0 . Dividends, Deposits and Withdrawals. $24,730 46 25,074 04 120,940 38 Ordinary dividends declared during year: Jan., 1918, 2J4% July, 1918, 2 \i% Number of deposits during year, 1,317, amounting to $170,744 8 8 135,502 68 Number of withdrawals during year, 1,256, amounting to $35,242 20 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 U. S. Cer. of Indebted. 4bijs 80.000 United States 4l4s 5.000 Washington County, Me., 4s 15.000 Chicopee 4Ms 10.000 Wilkes-Barre, Pa., 3J^s 10.000 Athol 4s 2,650 No. Attleborough 4s 10.000 North Easton 4J^s 5.000 W. Springfield 4s 10.000 Br. & Top., Me. (W. D.), 4s 10.000 Kittery, Me. (W. D.), 5s Public Funds, Notes. $5,000 Barre 3%s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $15,000 Boston & Maine 4s 10.000 Boston & Maine 43djs 5.000 C., B. & Q. 33^s 5.000 C., B. & Q. 4s 10.000 Fitchburg 4s 30.000 Illinois Central 3s 10.000 Illinois Central 4s 5.000 Lime Rock 4s 10.000 Michigan Central 3}^s 10.000 N. Y„ N. H. & H. 3 ^ s 30.000 N. Y., N. H. & H. 4s 50.000 No. Maine Seaport 5s 36.000 Northern Pacific 3s 15.000 St. J. & L. C. 5s Street Railway Bonds. Par Value. $20,000 Boston Elevated 4J^s 20.000 Boston Elevated 5s 5,000 Fitch. & Leominster 4 J/2 S 10.000 West End 4s 10.000 West End 4 p2 S 10.000 Worcester Consolidated 5s Bank Stocks. Shs. 20 Boylston Nl. Bk., Boston 25 Eliot Nl. Bk., Boston 50 Market Trust Co., Boston 34 Second Nl. Bk., Boston 18 REPO RT OF THE [Pub. Doc. BASS RIVER SAVINGS BANK, SOUTH YARMOUTH. BRIDGE STREET. Incorporated April 15, 1874. Number of corporators, 35; number of trustees, 18. C h a r l e s G. B a k e r , President. M a n t o n H . C r o w e l l , Clerk of the Corporation. H ir a m D . C o r in g , Treasurer. L a u r a B . O ’ N e il , Assistant Treasurer. Board of Trustees: C. G. B a k e r , C. E . C r o w e l l , J. W . C r o w e l l , M . H . C r o w e l l , O. F. C r o w e l l , O. L. C r o w e l l , J. P . E b w a r d s , H . E . G a r f ie l d , E . L . J e n k in s , J. H . J e n k s , Jr., M . F . J o n e s , E . D . K e l l e y , G. H . L o r in g , H . D . L o r in g , E . C . M a t t h e w s , D . F. S e a r s , H . H . S e a r s , J. H . T hatcher. Board of Investment: C. G. B a k e r , H . H . S e a r s , G . H . L o r in g , J. P. E d w a r d s , E . L. J e n k in s . Auditing Committee: E . L . J e n k in s , J. H . J e n k s , J r ., C . E . C r o w e l l . Deposits draw interest from first day of January, April, July and October; dividends are payable April 1 and October 1 . Business hours: 9 a .m . to 12 m .; 2 to 4 p .m .; Saturdays, 9 a . m . to 12.30 p . m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . 311 loans on real estate {average of each, $1,449.78) . . . . . . 26 loans on personal security . . . . . . . . . Bank building and fixtures ( estimated value, $4,000; assessed value, $2,300) Real estate by foreclosure, etc. (assessed value, $12,600) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . .130,050 168,440 25,122 12,333 3,000 Ill 450,880 85 900 00 00 30 50 00 25 78 00 3 ,0 0 0 00 8,771 94 53123 32,341 18 2 253 81 . . . T otal A s s e t s .......................................... $822,735 99 Liabilities. Due depositors on 1,766 accounts, averaging $420.61 each . . . . . $742,799 09 {Accounts opened during year, 126; closed, 132; decrease, 7) Surplus: — a. Guaranty fund {5.01% o f deposits; increase during year, none) b. Profit and loss {decrease during year, $1,099.88) . . . . . . Current income: — I n t e r e s t ........................................................................................................ $3,225 07 Less current expenses not charged off . . . . 3 5 4 18 2,870 89 430 44 Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 37,244 39 39,391 18 . . . . $822,735 99 19 BANK COMMISSIONER. No. 8.' Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Other Expenses. Rent. $ 1 5 .7 5 .02 Amount paid for $ 1 ,170.69 $ 3 ,154.95 Cost per $1,000 of assets 1 .4 2 3 .8 3 Cost per $1,000 of assets not including State tax and rent . $ 1 ,101.34 1 .3 3 Total. $5,442.73 6 .6 0 5 .1 8 Gross income received during the year, $39,974.64. Rates on Investments and Loans (Average on All, 5.27%). Real estate loans (average rate, 5.64 per cent.): 5% , $65,650; 5 A % , $189,587.50; 6 % , $195,593.28; 7% , $50. Personal loans (average rate, 6.17 per cent.): 6 % , $45,900; 6 M%> $20,000; 6 J^%, $20,000. Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cent.): 3 Jd2% , $61,000; 4% , $98,000; 4 H % . 110,050; 4 y2% , $53,000; 5% , $21,000; 7% , $600; 8 % , $2,400. Number of loans not over $3,000 each, 271, amounting to $225,509.78. 13 real estate loans made during year, amounting to $9,480. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 }4 % . . . . . O ct., 1918, 2 M % .............................................. Number of deposits during year, 1,263, amounting to . . . . . Number of withdrawals during year, 1,444, amounting to N et increase in amount due depositors . . . . . . . . . . . $16,022 87 16,008 14 99,367 91 . $131,398 92 120,127 70 . $11,271 22 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $5,000 U. S. Cert, of Indebt. 4}^s 1.000 United States 3p^s 3.000 United States 4s 10,050 United States 4)djs 10,000 Seattle, Washington, 4}^s Public Funds, Notes. $1,000 Yarmouth 5s Railroad Bonds. $5,000 Baltimore & Ohio 4s 4.000 Baltimore & Ohio 4J/£s 6.000 Baltimore & Ohio 5s 5.000 Boston & Albany 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $11,000 Boston & Maine 4s 9.000 Boston & Maine 4)^s 20.000 C., B. & Q. VAs 3.000 Chic., Mil. & St. Paul 5s 10.000 Fitchburg 3Jdis 6.000 Fitchburg 5s 25.000 Illinois Central 3)^s 4.000 Maine Central 4p^s 4.000 Me. Cent. & E. & N. A. 4s 5.000 Min., St. P. & S. St. Marie 4s 5.000 N. Y. C. & H. R. 4s 5.000 N. Y „ N. H. & H. 3 ^ s 15.000 N. Y., N. H. & H. 4s 5.000 No. Maine Seaport 5s 20.000 Old Colony 4s 5.000 Pennsylvania 4)^s Street Railway Bonds, Par Value. $5,000 Boston Elevated 4s 5.000 Boston Elevated 43dis 3.000 Boston & Northern 4s 3.000 Old Colony 4s 11,000 West End 4)4is Bank Stocks. Shs. 24 First Nl. Bk., New Bedford 6 First Nl. Bk., Yarmouthport 20 REPO RT OF THE [Pub. Doc. B A Y STATE SAVINGS BANK, WORCESTER. 476 M AIN STREET. Incorporated March 9, 1895. Number of corporators, 91; number of trustees, 20. J a m e s E a r l y , President. T h o m as H . S u l l iv a n , Clerk of the Corporation. G e o r g e M cA l e e r , Treasurer. T h o m as H . C a l l e r y , Assistant Treasurer. Board of Trustees: T J. B a r r e t t , A l e x a n d e r B e l is l e , S. G . B o w e n , C . M . C a l l a h a n , M . F . C o s g r o v e , D a n ie l D o w n e y , W . N . D r o h a n , J a m e s E a r l y , M . F . F a l l o n , J. F . H e a l y , R ic h a r d H e a l y , T . F . K e n n e y , M . B . L a m b , J. T . L o o b y , J a m e s M c D e r m o t t , J. A . M c D e r m o t t , M . J. O ’ M e a r a , J. W . S h e e h a n , J. B . S im a r d , P . E . S o m e r s . Board o f Investment: J a m e s E a r l y , J. A . M c D e r m o t t , J. T . L o o b y , P . E . S o m e r s , M . F. C o sg r o v e . Auditing Committee: J. F . H e a l y , W . N . D r o h a n , D a n ie l D o w n e y . Deposits draw interest from the first day of March, June, September and December; dividends are payable March 15 and September 15. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 1 p .m . , and for deposits only, 6 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes . . . . Street railway bonds . . . . . American Tel. & Tel. Co. bonds . 426 loans on real estate (average of each, $3,487.06) Less amount due on uncompleted loans . 15 loans on personal security W ar savings stamps and thrift stamps . Deposits in national banks or trust companies Cash and cash items . . . . . $1,485,490 0Ó 500 00 $450,283 520,740 99,588 46,375 10 75 50 00 1,484,990 7,925 46 8,572 3,585 00 00 31 12 10 T otal A s s e t s .......................................... $2,622,105 88 Liabilities. Due depositors on 4,484 accounts, averaging $547.05 each . $2,452,974 67 (.Accounts opened during year, 378; closed, 334; increase, 54) Surplus: — a. Guaranty fund (3.78% o f deposits; increase during year, 86,173) h. Profit and loss (increase during year, $10,096.87) . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 68,257 00 40,046 30 $25,281 29 1,082 43 24,198 8 6 36,629 05 . $2,622,105 88 21 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Amount paid for $3,201.62 $ 3 ,211.64 $ 1,500.00 Cost per $1,000 of assets 1 .2 2 1 .2 2 .5 7 Cost per $1,000 of assets not including State tax and rent . Other Expenses. $ 7 50 .20 .29 $548 .69 .21 Total. $ 9 ,212.15 3 .5 1 1 .7 2 Gross income received during the year, $124,939.65. Rates on Investments and Loans (Average on All, 5.13%). Real estate loans (average rate, 6 per cent.): 6 % , $1,484,990. Personal loans (average rate, 6 per cent.): 6 % , $7,925. Bonds, stocks, etc. (average rate on amounts invested, 3.99 per cent.): 3J^%, $348,250; 4% , $575,200; 4 H % , $72,950; 4 ^ % , $139,000. Number of loans not over $3,000 each, 216, amounting to $359,715. 2 real estate loans made during year, amounting to, $ 2 , 2 0 0 . Dividends, Deposits and Withdrawals. $47,353 35 47,322 03 310,741 65 Ordinary dividends declared during year: March, 1918, 2% Sept., 1 9 1 8 ,2 % Number of deposits during year, 2,855, amounting to Number of withdrawals during year, 2,565, amounting to . . . . . $405,417 03 382,072 30 $23,344 73 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $80,000 U. S. Cer. of Indebt. 4b£s 250 United States 3J^s 31,200 United States 4s 72,950 United States iH s 115,000 Massachusetts 3L£s 30.000 Massachusetts 4s 29.000 Boston 3bSjs 43.000 Boston 4s 5,000 Everett 4s 15.000 Newport, R. I., 3Hs 15.000 Quincy 4s 13.000 Worcester 3Ks https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $15,000 Atch., Top. & Santa Pd 4s 20.000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4Jdis 80.000 Boston & Albany 4s 10.000 Boston & Lowell 4s 10.000 Boston & Maine 3p^s 10.000 Boston & Maine 4s 80.000 C., B. & Q. 3V2s 15.000 Chi., Mil. & St. Paul 4s 10.000 Chicago & Northwestern 4s 5,000 Fitchburg 3 p2 S 37.000 Fitchburg 4s 36.000 Illinois Central 3}4s 45.000 Illinois Central 4s Par Value. $10,000 Jam., Fran. & Clearfield 4s 10.000 Lake Shore & Mich. South. 4s 25.000 Maine Central 4}^s 25.000 Min., St. P. & S. S. Marie 4s 15.000 N. Y. C. & H. R. 3Hs 10.000 N. Y. C. & H. R. 4s 25.000 N. Y „ N. H. & H. 3 ^ s 5,000 Old Colony 4s 24.000 Pennsylvania 4J^s Street Railway Bonds. $33,000 Boston Elevated 4s 40.000 Boston & Northern 4s 31.000 West End 4s % 22 REPO RT OF TH E [Pub. Doc. BELMONT SAVINGS BANK, BELMONT. 10 LEONARD STREET. Incorporated March 5, 1885. Number of corporators, 48; number of trustees, 17. J. H e n r y F l e t c h e r , President. R o y a l T . B r o d r ic k , Treasurer. C . O l iv e r W e l l in g t o n , Clerk of the Corporation. Board of Trustees: E . F . A t k i n s , H . H . B a l d w i n , E . C . B e n t o n , R . T . B r o d r ic k , F r e d e r ic D o d g e , J. L . E l l is , J. H . F l e t c h e r , J. E . F r e n n in g , H e n r y F r o s t , C . O. H i l l , F . H . K e n d a l l , I. H . L o c k e , C . J. M c G i n n i s , S. D . R o b b in s , C . W . S h e r m a n , H . O. U n d e r w o o d , C . O. W e l l in g t o n . Board of Investment: J. H . F l e t c h e r , F r e d e r ic D o d g e , I. H . L o c k e , F. H . K e n d a l l , C . J. M c G in n is . Auditing Committee: H . H . B a l d w in , C . O. H i l l , C . W . S h e r m a n . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of January and July. Business hours: 3 to 5.30 p .m .; also Wednes days, 7 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 188 loans on real estate (average of each, $2,633.61) . 2 loans on personal security . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . $122,450 00 179,855 00 . . . 45 343 75 . . . 14,337 50 600 00 495,100 00 . . . . . . . 3,594 24 2,833 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 ,1 0 0 00 T otal A s s e t s .......................................... $869,213 65 Liabilities. Due depositors on 2,912 accounts, averaging $281.92 each $820,947 52 (Accounts opened during year, 228; closed, 206; increase, 23) Surplus: — a. Guaranty fund (3.58% o f deposits; increase during year, $2,100) b. Profit and loss {increase during year, $1,876.26) Current income: — Interest Less current expenses not charged off . . . . School savings stamps account . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 29,400 00 9,018 38 $10,159 16 679 31 9,479 85 367 90 $869,213 65 23 BANK COMMISSIONER. No. 8.' Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Amount paid for $ 1 ,257.12 $1,400.00 $350 .00 Cost per $1,000 of assets 1 .4 5 1 .61 .40 Cost per $1,000 of assets not including State tax and rent . $63 .6 0 .07 . . . Other Expenses. $698 .24 .80 . . Total. $3,768.96 4 .3 3 2 .4 8 Gross income received during the year, $39,719.87. I Rates on Investments and Loans (Average on All, 4.88%). Real estate loans (average rate, 5.37 per cent.): 5% , $146,500; 5H % > $328,050; 6 % , $20,550. Personal loans (average rate, 6 per cent.): 6 % , $5,100. Bonds, stocks, etc. (average rate on amounts invested, 4.14 per cent.): 3 Yi%, $20,000; 4% , $220,000; 4 1 4 % , $52,050; 4 V2% , $59,500; 5% , $15,000; 8 % , $600. Number of loans not over $3,000 each, 120, amounting to $185,400. 3 real estate loans made during year, amounting to $5,300. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Number of deposits during year, 2,308, amounting to $15,828 31 15,767 35 100,797 71 Number of withdrawals during year, 1,598, amounting to $132,393 37 133,384 32 $990 95 N et decrease in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 U. S. Cer. of Indebted. 4)^s 52,050 United States 4h£s 5.000 Massachusetts 4s 3.000 Beverly 4s 10,000 Boston 4s 6.000 Brockton 4)^s 5.000 Chicago, 111., 4s 5.000 Cleveland, 0., 4J^s 3.000 Melrose 4s 5.000 Portland, Ore., 4Hs 3.000 Worcester 4s 8.000 Belmont 4s 5,500 Belmont 4}^s 2.000 Peabody 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Street Railway Bonds. Par Value. Par Value. $13,000 Boston Elevated 4s $10,000 Baltimore & Ohio 4)^s 7.000 Boston Elevated 4}^s 5.000 Boston & Albany 3J^s 5.000 Boston & Northern 4s 15.000 Boston & Albany 4s 5.000 Springfield 4s 28.000 Boston & Maine 4s 5.000 West End 4s 3.000 Boston & Maine 4)^s 8.000 West End 5s 5.000 C., B. & Q. 4s 3.000 Wore. Consd. 4)^s 20.000 Chicago & Northwestern 4s 8.000 Fitchburg 4s 7.000 Fitchburg 5s 5.000 Illinois Central 3bás 8.000 Illinois Central 4s 5.000 Lake Shore & Mich. South. 4s 5.000 Maine Central 4Hs 3.000 Me. Cent. & E. & N. Am. 4s Bank Stocks. 10.000 N. Y., N. H. & H. 3J^s Shs. 35.000 N. Y., N. H. & H. 4s 6 Nl. Shawmut Bk., Boston 10.000 Old Colony 4s 24 REPO RT OF THE [Pub. Doc. BENJAMIN FRANKLIN SAVINGS BANK, FRANKLIN. 9 Incorporated February 20, 1871. DEAN AVENUE. Number of corporators, 34; number of trustees, 20. E l ish a P. C h a p m a n , President. C h a r l e s L. S t e w a r t , Treasurer. A l b e r t C . M a s o n , Clerk of the Corporation. Board of Trustees: J. E . C a r p e n t e r , E . P . C h a p m a n , F . P. C h a p m a n , A . B . C h il s o n , J. O. C h il s o n , O. T . D o e , W . M . F i s h e r , J. F. G e b , G . H . G r a n t , H . W . H o s ie , W . S. J o h n s o n , A . H . M a r t i n , A . C . M a s o n , C . J. M u r p h y , A . W . P e ir c e , C . L. S t e w a r t , L. W . S t o t t , A . D . T h a y e r , J o seph V e n a , J. G . B o u r b e a u . Board of Investment: E . P . C h a p m a n , O. T . D o e , A . D . T h a y e r , W . M . F i s h e r , H . W . H o s ie , C . J. M u r p h y . Auditing Committee: J .,E . C a r p e n t e r , L . W . St o t t , H . W . H o s ie . Deposits draw interest from first day of January, April, July and October; dividends are payable January 15 and July 15. Business hours: 9 a .m . to 12 m .; 1 to 4 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & T el. Co. bonds Stocks of banks and trust companies 235 loans on real estate (average of each, $2,282.09) 31 loans on personal security Bankers’ acceptances . Furniture and fixtures . Real estate by foreclosure, etc. (assessed value, $14,840) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . Liberty Loan Bonds, balance due from subscribers . Deposits in national banks or trust companies Cash and cash items . . . . . . $92,696 249,609 34,568 17,556 4,910 524,542 131,417 10,601 2,137 16,897 226 287 25 43 00 25 00 00 00 00 33 70 23 75 12,201 00 28,283 11 1,870 42 T otal Assets . $1,127,803 47 Liabilities. D ue depositors on 3,620 accounts, averaging $293.11 each . . . . . $1,061,047 17 (Accounts opened during year, 343; closed, 369; decrease, 26) Surplus: — a. Guaranty fund (3.26% o f deposits; increase during year, $2,604.27) . . b. Profit and loss (increase during year, $3,374 -81) . . . . . . Current income: — a. Interest . . . . . . . $10,857 80 b. R e n t ...................................................................... 55 50 ------------------------$10,913 30 Less State or local taxes not charged off . . . . . 1,701 15 ------------------------Unearned discount . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 34,579 78 13,634 58 9,212 15 9,329 79 . $1,127,803 47 BANK COMMISSIONER. No. 8.' 25 T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. $240.00 Amount paid for $ 2 ,082.67 $2,452.17 .2 1 Cost per $1,000 of assets 1 .8 5 2 .1 7 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $283 .67 .25 $1,389.65 1 .2 5 $ 6 ,448.16 5 .7 3 3 .6 7 Gross income received during the year, $51,608.18. Rates on Investments and Loans (Average on All, 5.05%). Real estate loans (average rate, 5.41 per cent.): 4J^%, $18,000; 5% , $264,987; 514% < $36,200; 6% $205,355. Personal loans (average rate, 5.87 per cent.): 4M%> $10,000 ; 5% , $5,000; 6 % , $116,417. Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3% , $5,000; ¡3)^% , $48,000; 4% , $160,200; 4 M % . $12,505; 4 H % . $115,000; 4»Ao%. $ 1 0 ,0 0 0 ; 5% , $51,840; 6 % , $3,700. Number of loans not over $3,000 each, 206, amounting to $235,559. 12 real estate loans made during year, amounting to $12,150. Dividends, Deposits and Withdrawals. $19,372 65 19,797 29 200,923 65 Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Number of deposits during year, 3,734, amounting to Number of withdrawals during year, 2,360, amounting to N et increase in amount due depositors . . . . . . . . . . . . . $240,093 59 199,102 6 6 $40,990 93 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $30,000 U. S. Cer. of Indebted. 4 14s 15,200 United States 4s 12,505 United States 4)4s 10.000 Boston 4s 10.000 Brockton 4s 5.000 Franklin 4s Public Funds, Notes. $10,000 Canton 4%os Railroad Bonds. $5,000 Baltimore & Ohio 3}4s 25.000 Baltimore & Ohio 4s 6.000 Bangor & Aroostook 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $10,000 Bennington & Rut. 4JAs 10.000 Boston & Albany 3bas 10.000 Boston & Maine 4s 10.000 Boston & Maine 4JAs 10.000 Boston, R. B. & L, 4)As 10.000 Chi., Mil. & St. Paul 4s 10.000 Chi., Mil. & St. Paul 4)As 25.000 Fitchburg 4s 5.000 Fitchburg 5s 5.000 Illinois Central 3s 8.000 Illinois Central 3b£s 10.000 Illinois Central 4s 10.000 Maine Central 4J^s 5.000 Michigan Central 3}4s 10.000 N. Y. Central & H. R. 4s 10.000 N. Y„ N. H. & H. 3JAs 10.000 N. Y„ N. H. & H. 4s Par Value. $10,000 No. Maine Seaport 5s 10.000 Pennsylvania 4)As 5.000 Sioux City & Pacific 3}^s 20.000 Upper Coos 4J£s 5.000 Washington County 3JAs Street Railway Bonds. $5,000 Boston Elevated 4J^s 10.000 Boston Elevated 53 20.000 West End 5s Bank Stocks. Shs. 37 Franklin Nl. Bk. 12 Nl. Bk. of Wrentham 26 REPO RT OF THE [Pub. Doc, BERKSHIRE COUNTY SAVINGS BANK, PITTSFIELD.* 24 Incorporated February 2, 1846. NORTH STREET. Number of corporators, 48; number of trustees, 19. A r t h u r H . R i c e , President. J oh n B a r k e r , Clerk of the Corporation. W il l ia m L . A d a m , Treasurer. F r e d T . F r a n c is , Assistant Treasurer. Board o f Trustees: W . L. A d a m , J. L. B a c o n , A . H . B a g g , G . W . B a il e y , R . B . B a r d w e l l , J oh n B a r k e r , F . G . C r a n e , F . W . D u t t o n , I . D . F e r r e y , C . K . F e r r y , H . A . F r a n c is , C . C . G am w e l l , R. H . G a m w e l l , W . F . H a w k in s , C . L. H ib b a r d , E . A . J o n e s , A l e x a n d e r K e n n e d y , A . H . R ic e , L . A . St e v e n s . Board of Investment: W . L. A d a m , A . H . B a g g , F . W . D u t t o n , C . K . F e r r y , A l e x a n d e r K e n n e d y , L. A . St e v e n s . Auditing Committee: A . H . B a g g , G . W . B a il e y , C . L. H i b b a r d . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m .; 7 to 9 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,516 loans on real estate (average of each, $3,872.91) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,889,325 00 . 18,000 00 . . . . . . 70 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $139,000; assessed value, $138,925) Taxes, insurance, etc., paid on mortgaged properties . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . Total Assets $637,629 854,125 572,450 174,011 823,246 96 00 00 25 00 5,871,325 499,425 131,000 136 85,815 13,882 00 00 00 57 04 12 . . . . . $9,663,045 94 . . . . . $8,671,270 93 . . 432,400 00 145,713 53 Liabilities. Due depositors on 20,974 accounts, averaging $413.43 each {Accounts opened during year, 2,362; closed, 2,709; decrease, 347) Surplus: — a. Guaranty fund {4.99% of deposits; increase during year, $5,600) b. Profit and loss {increase during year, $52,876.26) . . . . Current income: — a. Interest . . . . . . . $71,133 75 b. Rent . . . . . . . 369 09 ------------------------Less current expenses not charged off . . . . $71,502 84 8,838 16 62,664 68,309 187 282,500 Deposits or installments received on sales of Liberty Loan Bonds Suspense account . . . . . . . . Bills payable . . . . . . . . . Total Liabilities . . . . . $9,663,045 94 * Statements of Life Insurance Departments appear on pages immediately following page 395. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 68 50 30 00 BANK COMMISSIONER. No. 8.] 27 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Amount paid for $7,391.35 $18,297.29 $3,600.00 Cost per $1,000 of assets .76 1 .89 .37 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses Total. $170 .19 .18 . . . $4,749.91 .49 . . $34,208 .74 3 .6 9 2 .5 6 Gross income received during the year, $464,331.74. Rates on Investments and Loans (Average on All, 5.21%). Real estate loans (average rate, 5.35 per cent.): 4 )4 % . $35,000; 5% , $1,674,300; 5 )4 % . $4,159,025; 6 % , $3,000. Personal loans (average rate, 5.80 per cent.): 4 )4 % . $500; 5% , $91,350; 6 % , $407,575. Bonds, stocks, etc. (average rate on amounts invested, 5.08 per cent.): 3 )4 % , $303,200; 4 % , $1,092,550; 4 )4 % . $305,000; 434% . $19,560; 5% , $504,200; 6 % , $71,000; 7% , $30,000; 734% , $10,000; 8 % , $35,000; 9% , $15,000; 10%, $148,200; 10)4% , $25,000; 12% , $99,000; 14% , $8,000; 20% , $87,500; 24 % , $10,000; 2 6 % , $2,500. Number of loans not over $3,000 each, 1,141; amounting to $1,816,600. 95 real estate loans made during year, amounting to $262,825. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2 )4 % Number of deposits during year, 25,871, amounting to $164,069 79 187,211 97 1,474,712 85 Number of withdrawals during year, 18,552, amounting to $1,825,994 61 1,687,506 22 N et increase in amount due depositors $138,488 39 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $36,200 United States 3}4s 249,450 United States 4s 305,000 United States 4)4s Par Value. $11,000 Louis. & Nashville 6s 242.000 N. Y., N. H. & H. 334s 300.000 No. Maine Seaport 5s Street Railway Bonds. Public Funds, Notes. $35,100 5.000 2.000 2,860 1.000 1,200 Dalton (F. D.) 4s Gt. Barrington (F. D.) 4s Hancock 5s Lanesborough 4}4s Monterey 5s Peru 5s Railroad Bonds. $75,000 25.000 50.000 160,000 Bangor & Aroostook 5s Chic. & Northw. 3)4s Fre., Elk. & Mo. Val. 6s 111. Central 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $100,000 Boston Elevated 5s 150.000 Hoosac Valley 4s 300.000 Pittsfield Elec. 4s 25,000 West End 5s Bank Stocks. Shs. 80 Greylock Nl. Bk., Adams 25 American Trust Co., Boston 143 Eliot Nl. Bk., Boston 375 First Nl. Bk., Boston 100 Fourth-Atlantic Nl. Bk., Boston 240 International Trust Co., Boston Shs. 500 Merchants Nl. Bk., Boston 500 Nl. Shawmut Bk., Boston 50 Nl. Union Bk., Boston 204 Old Boston Nl. Bk., Boston 250 Old Colony Tr. Co., Boston 500 Second Nl. Bk., Boston 122 Webster & Atlas Nl. Bk., Boston 24 Hadley Falls Nl. Bk., Holyoke 24 Hadley Falls Trust Co., Holyoke 100 Lee Nl. Bk. 167 North Adams Nl. Bk. 100 Agricultural Nl. Bk., Pittsfield 204 Berkshire L. & T. Co., Pittsfield 300 Pittsfield Nl. Bk. 309 Third Nl. Bk., Pittsfield 100 Chapin Nl. Bk., Springfield 250 Chicopee Nl. Bk., Springfield 313 Springfield Nl. Bk. 10 Housatonic Nl. Bk., Stockbridge 350 Merchants Nl. Bk., Worcester 28 REPO RT OF THE [Pub. Doc. BEVERLY SAVINGS BANK, BEVERLY. 171 CABOT STREET. Incorporated February 23, 1867. Number of corporators, 106; number of trustees, 23. R o l a n d W . B oyd b n , President. R o d n e y C . L a r c o m , Clerk of the Corporation. A r t h u r K . St o r y , Treasurer. C h a r l e s H . K il h a m , Assistant Treasurer. Board of Trustees: R . C . A l l e n , L . P. B a k e r , A l b e r t B o y d e n , R . W . B o y d e n , H . P . B r e t t , S a m u e l C o l e , H . E . D u r g in , A . A . F o r n e s s , J. H . G ir d l e r , F . P . H a s k e l l , J. F . H i l l , P . J. L y n c h , J. M . M u r n e y , J. H . N e w e l l , F r a n c is N o r w o o d , C . E . O b e r , C . L . O d e l l , R o b e r t R o b e r t s o n , G . L . S o u t h w ic k , L . P . S t a n t o n , F r a n k W o o d b e r r y , H . W . W o o d b e r r y , R . P . W o o d b u r y . Board o f Investment: R . W . B o y d e n , P . J. L y n c h , A . A . F o r n e s s , H . P. B r e t t . Auditing Committee: C . E . O b e r , J. H . G ir d l e r , C . L . O d e l l , R o b e r t R o b e r t so n . Deposits draw interest from fourth Wednesday of January, April, July and October; dividends are payable fourth Wednesday of April and October. Business hours: 8.30 a .m . to 1.30 p .m .; Satur days, 8.30 a .m . to 12 m . and 7 to 8.30 p .m ., for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . 7 American T e l. & Tel. C o. bonds . . . . . . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 761 loans on real estate (.average of each, $2,600.08) . . . . . . 26 loans on personal security . . . . . . . . . Bank building and fixtures ( estimated value, $75,000; assessed value, $52,750 ) Real estate by foreclosure, etc. {assessed value, $28,800) . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . 8283,816 23 1,032,222 58 247,225 00 84,203 75 325,705 25 11,001 00 1,978,667 50 446,745 95 60,000 00 21,524 30 47,530 36 10,558 52 Total A s s e t s .......................................... $4,549,200 44 Liabilities. Due depositors on 12,330 accounts, averaging $342.57 each . $4,224,006 38 {Accounts opened during year, 1,176; closed, 1,336; decrease, 160) Surplus: — a. Guaranty fund {5.08% o f deposits; increase during year, none) b. Profit and loss {decrease during year, $10,553.72) . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . $390 14 Less rent not charged off . . . 30 85 214,927 21 102,664 73 $5,424 61 420 99 -----------Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 5,003 62 2,598 50 . $4,549,200 44 BANK COMMISSIONER. No. 8.' 29 T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Other Expenses. Total. $158 .60 .03 $ 3 ,077.90 $20,0 3 9 .4 4 4 .4 0 2 .2 7 Amount paid for $8,201.96 $7,100.98 $1,500.00 Cost per $1,000 of assets 1 .8 0 1 .5 6 .33 Cost per $1,000 of assets not including State tax and rent . .6 8 Gross income received during the year, $232,348.10. Rates on Investments and Loans (Average on All, 5.32%). Real estate loans (average rate, 5.47 per cent.): 434% >"$7,800; 5 % , $128,125; 5J^% , $1,782,199.50; 6 % , $60,543. Personal loans (average rate, 6 per cent.): 6 % , $446,745.95. Bonds , stocks, etc. (average rate on amounts invested, 5.02 per cent.): 3 % , $5,000; 334%, $111,250; 4 % , $646,500; 434% , $141,350; 434% , $300,000; 5% , $360,000; 534% , $22,500; 6 % , $150,000; 7% , $47,050; 10% , $71,000; 12% , $23,200; 2 0 % , $40,700; 26 % , $2,500. Number of loans not over $3,000 each, 574, amounting to $889,630. 29 real estate loans made during year, amounting to $74,300. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 234% Oct., 1 9 1 8 ,2J4% Number of deposits during year, 14,254, amounting to • Number of withdrawals during year, 10,374, amounting to . N et decrease in amount due depositors . . . . $90,848 76 90,508 50 577,994 60 . . . . . $759,351 86 770,296 76 . . ■ $10,944 90 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $35,000 C., B. & Q. 4s 25.000 Chi., Mil. & St. Paul 434s 70.000 Chicago, Mil. & St. Paul 5s 25.000 Chicago & Northwestern 4s 40.000 Chicago & Northwestern 6s 25,C00 Connecticut River 6 s .notes 25.000 Fitchburg 4J4s 50.000 Fitchburg 6s, notes 131,000 Illinois Central 4s 30.000 Indiana, Illinois & Iowa 4s 20.000 Lake Shore & Mich. So. 4s Railroad Bonds. 45.000 Louisville & Nashville 5s 35.000 Louisville & Nashville 6 s $25,000 Atchison, T. & S. F6 4s 25.000 Maine Central 4}4s 20.000 Baltimore & Ohio 4s 25.000 Michigan Central 334s 70.000 Baltimore & Ohio 4J4s 25.000 N. Y. Central & H. R. 4s 10.000 Baltimore & Ohio 5s 75.000 N. Y „ N. H. & H. 4s 25.000 Boston & Albany 5s 25.000 Northern Pacific 4J4s 25.000 Boston & Lowell 5s 5,000 Old Colony 4s 25.000 Boston & Maine 4s 25.000 Portland Terminal Co. 4s 25.000 Boston & Maine 434s 10.000 Boston, Rev. Beach & L. 4J4s 21.000 St. P., Minn. & Manitoba 4s 30.000 St. P., M. & Manitoba 434s 41.000 C., B. & Q. 334s Par Value. $45,250 United States 334s 141,350 United States 434s 4,000 Cambridge 4s 15.000 Canton, 0., 534s 22.000 Chelsea 4s 25.000 San Francisco, Cal., 5s 25.000 Seattle, Wash., 434s 7,500 South Omaha, Neb., 5J4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. Par Value. $50,000 Boston Elevated 5s 30.000 Boston & Northern 4s 30.000 Holyoke 5s 30.000 Lynn & Boston 5s 25.000 Old Colony 4s 10.000 So. Shore & Boston 5s 25.000 West End 5s 15.000 Western Massachusetts 5s 25.000 Worcester Consolidated 434s 15.000 Wore. & Southbridge 434s Bank Stocks. Shs. 332 Beverly Nl. Bk. 25 American Trust Co., Boston 375 First Nl. Bk., Boston 710 Nl. Shawmut Bk., Boston 32 Second Nl. Bk., Boston 232 Old Colony Tr. Co., Boston 18 Nl. Grand Bk., Marblehead 30 REPO RT OF THE [Pub. Doc. BLACKSTONE SAVINGS BANK, BOSTON. 26 W ASHINGTON STREET. Incorporated April 23, 1901. Number of corporators, 50; number of trustees, 19. Louis A . F b o t h in g h a m , President. A k t h u r E . R o b e r t s , Treasurer. J oh n F . T u r n e r , Clerk o f the Corporation. Board o f Trustees: F . W . A l l e n , A . F . B e m is , R . D . B o a r d m a n , W . E . C l a r k , E . N . E a m e s , A . W . F l i n t , L . A . F b o t h in g h a m , E . E . G r a y , H . B . H o w a r d , C h a r l e s L o g u e , D . A . L o u r ie , A . J. L y m a n , J ohn O ’H a r e , A . E . R o b e r t s , H . H . S a v a g e , J. F . T u r n e r , J. E . W e l c h , C . A . W i l c o x , B . S. W i l e y . Board of Investment: L . A . F b o t h in g h a m , J ohn O ’H a r e , H . H . Sa v a g e , A . F. B e m is , J. E . W elch , H . B . H ow ard, E . E . G r ay. Auditing Committee: J. F. T u r n e r , E . N . E a m e s , E . E . G r a y . Deposits draw interest from third Saturday of January, April, July and October; dividends are pay able Monday following third Saturday of April and October. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 to 1 p .m .; also Mondays from 3 to 5 p .m ., for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. C o . bonds . . . . 391 loans on real estate {average of each, $2,689.95) . 13 loans on personal security . . . Furniture and fixtures . . . . . . Premium account W ar savings stamps and thrift stamps . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $161,324 25 215,356 74 28,000 0 0 31,500 0 0 1,051,770 00 130 685 50 400 00 2 716 30 4 50 75,952 95 1 994 7 4 T otal Assets . $1,699,704 98 Liabilities. Due depositors on 3,078 accounts, averaging $532.86 each . . . . . $1,640,148 92 (Accounts opened during year, 397; closed, 398; decrease, 1) Surplus: — a. Guaranty fund (1.86% of deposits; increase during year, $4,050) . . . b. Profit and loss (increase during year, $1,606.4.9 ) . . . . . . Current incom e: — I n t e r e s t ......................................................................................................... $1,052 90 Less current expenses not charged off . . . . 58 85 ------------------------Deposits or installments received on sales of Liberty Loan Bonds . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . 30,499 78 24,847 23 994 05 3,215 00 $1,699,704 98 BANK COMMISSIONER. No. 31 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Amount paid for $ 1 ,994.34 $4,720.00 $2,011.68 Cost per $1,000 of assets 1 .1 7 2 .7 8 1 .1 8 Cost per $ 1 ,0 0 0 of assets not including State tax and rent . Advertising. Other Expenses. Total. $632.36 .37 $1,365.20 .80 $10,723.58 6 .3 0 3 .9 5 Gross income received during the year, $86,587.67. Rates on Investments and Loans (Average on All, 5.49%). Real estate loans (average rate, 5.88 per cent.): 5% , $11,000; 5 )4 % , $234,000; 6 % , $806,770. Personal loans (average rate, 6.08 per cent.): 5 )4 % , $3,100; 6 % , $107,585.50; 6 )4 % , $15,000; 7% , $5,000. Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cent.): 3 )4 % , $50,300; 3 M % . $2,000; 4 % , $213,000; 4 M % , $91,700; 4 )4 % , $59,000; 5% , $37,000; 6 % , $5,000. Number of loans not over $3,000 each, 251, amounting to $521,035.50. 20 real estate loans made during year, amounting to $52,150. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 )4 % . . . . . O ct., 1918, 2 ) 4 % ............................................... Number of deposits during year, 2,605, amounting to . . . . . Number of withdrawals during year, 2,292, amounting to N et increase in amount due depositors SC H E D U L E Public Funds, Bonds. Par Value. $300 United States 3)4s 71,700 United States 4)4s 3.000 Massachusetts 4s 5.000 Boston 3)4s 15.000 Boston 4s 20.000 Boston 4)4s 5.000 Los Angeles, Cal., 4)4s 10.000 Omaha, Neb., 4)4s 4.000 San Francisco, Cal., 5s 5.000 Seattle, Wash., 4)4s 5.000 Seattle, Wash., 5s 3.000 Danvers 4s 2.000 Longmeadow 3)4s 4.000 Hull 4s 5.000 Mansfield 4s 5.000 Kennebec, Me. (W. D.), 3)4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . . . . $34,360 48 35,093 05 262,667 06 $332,120 59 292,060 84 . . $40,059 75 O F S E C U R IT IE S O W N E D . Railroad Bonds. $23,000 n ’. Y. C. & H. R. 4s Par Value. 28.000 N. Y., N. H. & H. 3)4s $29,000 Baltimore & Ohio 4s 10.000 No. Maine Seaport 5s 5.000 Baltimore & Ohio 4)4s 15.000 Southern Pacific 4s 5.000 Bangor & Aroostook 5s 10.000 Boston & Albany 4s 12.000 Boston & Maine 4s 5.000 Boston & Maine 4)4s 2.000 C„ B. & Q. 3)4s 10.000 C„ B. & Q. 4s 15.000 Chicago, Mil. & St. Paul 4s Street Railway Bonds. 7.000 Chicago, Mil. & St. Paul 4J4S 10.000 Fitchburg 4s $22,000 Boston Elevated 4)4s 7.000 Fitchburg 5s 6,000 Springfield & Eastern 5s 10.000 Illinois Central 3)4s 20.000 Illinois Central 4s 5.000 Louisville & Nashville 6s 5.000 Minn., St. P. & S. S. Marie 4s 32 REPO RT OF THE [Pub. Doc. BOSTON FIVE CENTS SAVINGS BANK, BOSTON. 32-38 SCHOOL STREET. Incorporated April 7, 1854. Number of corporators, 46; number of trustees, 21. W il m o t R . E v a n s , President. J oseph H . C a n n e l l , Clerk of the Corporation. J oseph C . H o l m e s , Treasurer. A l fr e d W . S m a l l , Assistant Treasurer. Board of Trustees: E . W . B u r d e t t , J. H . C a n n e l l , S a m u e l C a r r , A . B . C h a p in , F. A . D a v e n p o r t , W . R . E v a n s , W . R . E v a n s , Jr., R . F. H e r r ic k , J. C . H o l m e s , A . M . L y o n , F. C . M c D u f f ie , E . A . M c L a u g h l in , F. A . M e r r il l , C . H . R a m s a y , F. W . R e m ic k , S u m n e r R o b in s o n , A . W . S m a l l , G. E . S m it h , P h il ip S t o c k t o n , W . F. W h i t t e m o r e , D . G . W in g . Board of Investment: A . B . C h a p in , W . R . E v a n s , Jr., R . F. H e r r ic k , F. C . M c D u f f ie , S u m n e r R o b in so n , P h il ip S t o c k t o n . Auditing Committee: J. H . C a n n e l l , R. F. H e r r ic k , A . M . L y o n . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable second Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; also Saturdays, for deposits only, 3 to 5 and 6 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . $16,291,950 00 Railroad bonds and notes . . . . . . . . . . . 5,133,000 00 Street railway bonds . . . . . . . . . . . . 660,000 00 American Tel. & Tel. Co. b o n d s ........................................................................................................ 359,000 00 Stocks of banks and trust companies . . . . . . . . . 502,800 00 1,156 loans on real estate (.average of each, $21,307.57) . . . . . . 24,631,547 71 158 loans on personal security . . . . . . . . . . 7,428,563 13 Bank building and fixtures (estimated value, $350,000; assessed value, $46,000) . . 350,000 00 Real estate by foreclosure, etc. (assessed value, $4>S00) . . . . . . 2,900 00 Liberty Loan Bonds, balance due from subscribers . . . . . . . 97 50 Deposits in national banks or trust companies . . . . . . . 1,437,877 51 Cash and cash items . . . . . . . . . . . . 110,240 20 T otal Assets . . . . . $36,907,976 05 L ia b ilitie s. Due depositors on 193,920 accounts, averaging $271.75 each . $52,697,410 73 {Accounts opened during year, 13,068; closed, 17,487; decrease, 4,419) Surplus: — a. Guaranty fund (5.09% of deposits; increase during year, none) b. Profit and loss {increase during year, $9,387.48) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . $2,316 97 Less State or local taxes not charged off . . 161 35 . . 2,682,092 20 1,166,705 96 $94,590 57 2,478 32 --------------- Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds 92,112 25 24,389 91 245,265 00 T otal L ia b ilit ie s .......................................... $56,907,976 05 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Am ount paid for $80,368 .34 $ 9 4,379 .93 $15,0 0 0 .0 0 $1,762.09 $41,496.32 $233,006.68 Cost per $1,000 of assets 1.41 1 .6 6 .2 6 .0 3 .7 3 4 .0 9 Cost per $1,000 of assets not including State tax and rent . . . . . . 2 .4 2 Gross income received during the year, $2,501,578.19. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER No. B.] 33 Rates on Investments and Loans (Average on All, 4.75%). Realestate loans (average rate, 4.62 per cent.): 4% , $5,355,650; 4pg%, $41,500; 4 )4 % , $6,626,750; 4 % % , $125,000; 4J^%, $4,098,250; 4 M % , $545,450; 5% , $2,707,770; 5 M % ,$33,000; 5 ^ % ,$ 3 ,8 4 9 ,4 0 2 .7 1 ; 6% , $1,248,775. Personal loans (average rate, 5.97 per cent.): 4 )4 % , $1,826.16; 4 )4 % , $100,615; 5 )4 % , $95,000; 5 )4 % , $30,000; 6% , $7,201,121.97. Bonds, stocks, etc. (average rate on amounts invested, 4.50 per cent.): 3 )4 % , $4,050; 3.80% , $13,000; 4% , $13,227,700; 4 )4 % , $2,549,200; 4 )4 % , $4,927,000; 5% , $1,028,000; 5 )4 % , $50,000; 5 )4 % , $13,000; 6% , $691,000; 8% , $13,300; 9% , $8,100; 10% , $90,000; 11%, $10,000; 12%, $99,300; 16% , $17,800; 17)4% , $20,000; 20% , $200,000; 26% , $26,300. Number of loans not over $3,000 each, 572, amounting to $935,583. 27 real estate loans made during year, amounting to $245,500. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 )4 % Oct., 1918, 2 )4 % Number of deposits during year, 169,845, amounting to . $1,103,510 85 1,109,601 59 9,722,452 43 . Number of withdrawals during year, 144,872, amounting to Net increase in amount due depositors . . . . . . $11,935,564 87 11,074,752 73 » $860,812 14 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $2,650,000 U. S. Cer. of Indebted. 4)4s 4,050 United States 3)4s 784,200 United States 4s 2,349,200 United States 4)4s 2.304.000 Massachusetts 4s 500.000 New York 4)4s 30.000 Barnstable Co. 4s 140.000 Essex Co. 4s 39.000 Hampden Co. 4s 1.349.000 Boston 4s 100.000 Boston 4 )4s 239.000 Brockton 4s 200.000 Buffalo, N. Y., 4)4s 381.000 Cambridge 4s 75.000 Chelsea 4s . 261,000 Chicago, 111., 4s 20.000 Chicopee 4s 5.000 Everett 4s 8.000 Everett 4J4s 393.000 Fall River 4s 35.000 Fall River 4)4s 54.000 Fitchburg 4s 39.000 Gloucester 4s 120.000 Haverhill 4s 135.000 Holyoke 4s 95.000 Holyoke 4)4s 248.000 Indianapolis, Ind., 4s 250.000 Kansas City, Mo., 4s 25.000 Lawrence 4s 125.000 Lowell 4s 45.000 Lowell 4p£s 135.000 Lynn 4s 50.000 Lynn \\is 3.000 Malden 4s 18.000 Marlborough 4s 50.000 Medford 4s 45.000 Melrose 4s 106.000 Milwaukee, Wis., 4s 217.000 New Bedford 4s 50.000 Newburyport 4s 11.000 Newport, R. I., 4s 33.000 Newport, R. I., 4J^s 196.000 Pittsfield 4s 25.000 Pittsfield 4)4s 50.000 Portland, 0 ., 5s 125.000 Providence, R. I., 4s 1.000 Quincy 4s 50,000 Rochester, N. Y ., 4J4s 130.000 Salem 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. » $46,000 Somerville 4s 210.000 Springfield 4s 50.000 Springfield 4)4s 200.000 St. Paul, Minn., 4J4s 50.000 Syracuse, N. Y., 4)^S 48.000 Taunton 4s 31.000 Taunton 4)4s 36.000 Waltham 4s , 100.000 Waterbury, Conn., 4s 10.000 Woburn 4s 407.000 Worcester 4s 40.000 Adams 4s 80.000 Andover 4s 29.000 Athol 4s 5.000 Attleborough 4s 20,500 Belmont 4s 5.000 Bourne 4s 170.000 Brookline 4s 20.000 Framingham 4s 6.000 Franklin 4s 42.000 Marblehead 4s 38.000 Marion 4)djs 32.000 Milford 4s 17.000 North Andover 4s 27.000 Pepperell 4s 20.000 Reading 4s 11.000 Revere 4s 33.000 Rockland 4s 5,500 Watertown 4s 54.000 Winthrop 4s 40.000 Winthrop 4)^s Par Value. . $56,000 Chic., Mil. & St. Paul 6s 99.000 Chic., St. P., Minn. & 0 . 6s 125.000 Fitchburg 4s 200.000 Fitchburg 4)dis 106.000 Fre., Elk. & Mo. Valley 6s 115.000 Illinois Central 5s 22.000 Michigan Cent. 5s 50.000 Montana Cent. 5s 150.000 Montana Cent. 6s 100.000 New England 4s. 25.000 N. Y., Lack. & West. 6s 100.000 N. Y„ N. H. & H. 4s 46.000 New York & Northern 5s 850.000 Old Colony 4s 75.000 Philadelphia & Erie 6s 150.000 St. P., Minn. & Man. 4)4s 80.000 St. Paul, Minn. & Man. 6s 37.000 St. Paul & No. Pacific 6s 38.000 St. Paul & Sioux City 6s 20.000 Spokane Falls & North. 6s 100.000 Wilmar & Sioux Falls 5s Public Funds, Notes. Shs. 263 American Tr. Co., Boston 130 Boylston Nl. Bk., Boston 1.000 First Nl. Bk., Boston 31 Fourth-Atlantic Nl. Bk., Boston 493 Merchants Nl. Bk., Boston 200 Nl. Rockland Bk., Boston 78 Nl. Security Bk., Boston 800 Nl. Shawmut Bk., Boston 50 Nl. Union Bk., Boston 500 Old Colony Trust Co., Boston 1.000 Second Nl. Bk., Boston 133 Webster & Atlas Nl. Bk., Boston 400 Winthrop Nl. Bk., Boston 50 First Nl. Bk., Marlborough 100 Blue Hill Nl. Bk., Milton 100 Third Nl. Bk., Springfield 100 Merchants Nl. Bk., Worcester Street Railway Bonds. $235,000 Boston Elevated 4s 200.000 Boston Elevated 4)%3 25,000 West End 4)4s 200.000 West End 5s Bank Stocks. $40,000 Bristol County 4s 2.000 Chicopee 4s 4.000 Agawam 4s 50.000 Belmont 5Ms 13.000 Hudson 3.80% 2.000 Weymouth 4)^s Railroad Bonds. $250,000 Boston & Albany 4s 70.000 Boston & Albany 5s 500.000 Boston & Lowell 4s 100.000 Boston & Lowell 4)4s 350.000 Boston & Maine 4s 250.000 Boston & Maine 4)4s 694.000 C., B. & Q. 4s 375.000 Chic., Mil. & St. Paul 5s 34 REPO RT OF THE [Pub. Doc. % BOSTON PENNY SAVINGS BANK, BOSTON. 1375 W ASHINGTON STREET. Incorporated March 9, 1861. Number of corporators, 63; number of trustees, 26. J o h n R e y n o l d s , President. H e e b e r t M . L e l a n d , Clerk of the Corporation. W il l ia m H . D u r k e e , Treasurer. O l iv e r H . K e n t , Assistant Treasurer. Board o f Trustees: J. R . A in s l e y , F . W . B a il e y , C . L . B > i r d , F . H . B r ig g s , J. F . B u e r k e l , W . G . C ottsens, A . H . D e c a t u r , W .H . D u r k e e , F . W . E a s t a b r o o k , C . C. F e r r is , J. H . G o o d s pe e d , J. B . H u n t e r , E . B . K e l l o g g , H . M . L e l a n d , J. D . M c L e l l a n , G . C. M o r t o n , W . H . P ie r c e , J oh n R e y n o l d s , W . S. R o l l in s , G . F . R o u s e , F . A . S c h ir m e r , L . H . S h e p a r d , F . A . S in g l e t o n , C . I. T h a y e r , R . E . T o w n s e n d , H . H . W ig g in . Board of Investment: J o h n R e y n o l d s , J. F. B u e r k e l , L . H . S h e p a r d , G. F. T ow nsend. R o u se , R . E. Auditing Committee: J. H . G oo d spe e d , W . H . P ie r c e , L. H . S h e p a r d . Deposits draw interest from tenth day of January, April, July and October; dividends are payable the twelfth day of April and October. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . t o 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . 670 loans on real estate (average o f each, $13,328.93) . . . . . 107 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $100,000; assessed value, $63,000) Real estate by foreclosure, etc. (.assessed value, $249,300) . . . . . Taxes paid on mortgaged properties . . . . . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . $150,943 50 517,893 75 170,824 00 139,468 75 8,927,030 00 3,384,800 00 50,000 00 213,613 48 166 60 194,934 65 60,022 88 $13,809,697 61 Liabilities. Due depositors on 27,567 accounts, averaging $468.82 each . *12,924,023 28 (Accounts opened during year, 3,917; closed, 4,237; decrease, 3 SO) Surplus: — a. Guaranty fund (3.49% of deposits; increase during year, $32,500) h. Profit and loss (increase during year, $71,860.12) . Current income: — Interest . . . . . . . . . . Less current expenses not charged off Unearned discount . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 452,000 00 300,359 07 $38,346 24 5,145 90 -------------------- 33,200 34 48,000 00 52,114 92 . $13,809,697 61 BANK COMMISSIONER. No. 8.] 35 T otal Expenses for the Year, including State Taxes. State Tax (Net). Advertising. Rent. Salaries. Amount paid for $18,452 .32 $31,907.45 $ 2,500.00 $4,213.20 Cost per $1,000 of assets 1 .3 4 2 .3 1 .18 .31 Cost per $1,000 of assets not including State tax and rent Other Expenses. Total. $ 6,915.02 .50 $63,987 .99 4 .6 4 3 .1 2 Gross income received during the year, $688,490.56. Rates on Investments and Loans (Average on All, 5.38%). Real estate loans (average rate, 5.26 per cent.): 4J^% , $70,000; 5 % , $4,367,315; 5J^% , $4,302,195; 6% , $187,520. Personal loans (average rate, 6.06 per cent.): 6% , $2,750,800; 6}£% , $435,000; 6J^%, $189,000; 7% , $ 10 , 000 . Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3 H i%, $175,000; 4% , $555,000; 4 M % , $58,100; 4 ^ % , $200,000; 5 % , $25,000. Number of loans not over $3,000 each, 109, amounting to $227,125. 20 real estate loans made during year, amounting to $684,650. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 % % . . . . . Oct., 1918, 2 ^ % ............................................... Number of deposits during year, 34,106, amounting to . . . . . Number of withdrawals during year, 26,851, amounting to N et increase in amount due depositors . . . . . . . . $2,637,425 94 2,524,487 53 . . . $262,475 71 263,376 12 2,111,574 11 . $112,938 41 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $58,100 United States 4J¿s 50.000 Boston 10.000 Boston 4s 25.000 New Bedford 4s 10.000 Newton 4s Railroad Bonds. $25,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 5s 25.000 Boston <fc Albany 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $100,000 Boston & Maine 4s 50.000 C., B. & Q. 3 ^ s 75.000 Chic., Mil. & St. Paul i'As 25.000 Chic. & Northwestern 4s 25.000 Fitchburg 4s 75.000 Illinois Central 3Hs 25.000 N. Y. C. & H. R. 4s 10.000 N. Y., N. H. & H. 4s 50.000 Northern Pacific 4}^s 25.000 Pennsylvania 4)^s Street Railway Bonds. Par Value. $75,000 Boston Elevated 4s 25.000 Boston & Northern 4s 25.000 West End 4s 50.000 West End 4)£s 36 REPO RT OF TH E [Pub. Doc. BRAINTREE SAVINGS BANK, SOUTH BRAINTREE. W ASHINGTON STREET. Incorporated March 21, 1870. Number of corporators, 33; number of trustees, 11. L . B r a d f o r d H o l l is , President. G e o r g e W . S t e v e n s , Clerk o f the Corporation. F . E u g e n e D y e r , Treasurer. C a r r ie B . L o r in g , Assistant Treasurer. Board of Trustees: H . F. A r n o l d , F. E . D y e r , G. H . H o l b r o o k , L. B . H o l l is , J. H . K il b r it h , P. C. S p h in g , G. W . S t e v e n s , J. T . S t e v e n s , H . C . T h a y e r , N . G . T o r r e y , W . A. T orrbt. Board o f Investment: L . B . H o l l is , N . G. T o r r e y , G. H . H o l b r o o k . Auditing Committee: G . W . S t e v e n s , N . G . T o r r e y , H . C. T h a y e r . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 8.30 a .m . to 12 m .; 2 to 4.30 p .m .; Saturdays, 8.30 a . m . to 12 m .; also on Fridays, 6.30 to 7.30 p .m . for deposits and drafts. Wednesdays during M ay, June, July, August and September, 8.30 a .m . to 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds . , American Tel. & Tel. Co. bonds Stocks of banks and trust companies 213 loans on real estate ( average o f each, SI ,900.4-3) 8 loans on personal security Suspense account Rent account . . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . $59,423 220,942 70,275 11,131 9,808 404,793 61,580 1,725 147 31,408 4,806 T otal Assets 55 50 00 25 00 00 00 00 50 05 95 $876,040 80 Liabilities Due depositors on 1,918 accounts, averaging $405.17 each . CAccounts opened during year, $35; closed, $90; decrease, 55) Surplus: — a. Guaranty fund (4-50% o f deposits; increase during year, $1,911.83 ) . b. Profit and loss (increase during year, $3,153.55) . Current income: — I n t e r e s t .......................................................... ■ ......................................... $16,385 53 Less current expenses not charged off . . . . 677 97 Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . $777,133 48 34,994 52 46,465 24 15,707 56 1,740 00 $876,040 80 BANK COMMISSIONER. No. 8.] 37 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. $ 8 .0 0 .01 . . $ 6 62 .20 .76 . . Amount paid for $1,735.53 $1,670.00 $ 2 40 .00 Cost per $1,000 of assets 1 .9 8 1 .9 1 .2 7 Cost per $1,000 of assets not including State tax and rent . . Total. $4,315.73 4 .9 3 2.68 Gross income received during the year, $41,909.11. Rates on Investments and Loans (Average on All, 5.12%). Real estate loans (average rate, 5.55 per cent.): 5 K % . $364,603; 6% , $40,190. Personal loans (average rate, 5.90 per cent.): 4 M % . $5,000; 6% , $56,580. Bonds, stocks, etc. (average rate on amounts invested, 4.53 per cent.): 314%, $13,000; 4% , $132,000; 4 H % , *27,550; 4 ^ % , $102,000; 5% , $89,000; 6% , $2,000; 9% , $3,700; 10% , $3,600; 12%, $700. Number of loans not over $3,000 each, 155, amounting to $310,916. 12 real estate loans made during year, amounting to $24,550. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % . . . . . July, 1918, 2 M % ............................................... Number of deposits during year, 2,604, amounting to . . . . . Number of withdrawals during year, 1,815, amounting to N et increase in amount due depositors . . . . . . . . . . $14,700 17 16,637 27 126,089 88 . $157,427 32 143,539 36 . $13,887 96 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $22,550 United States 4Ks 5.000 State of California 4s 10,000 Boston 4s 5.000 Boston 4J4s 5.000 Los Angeles, Cal., 4)^s 5.000 Omaha, Neb., 4J^s 5.000 San Francisco, Cal., 5s 2.000 Braintree 4s Railroad Bonds. $3,000 5.000 10.000 5.000 10.000 15.000 Aroostook Northern 5s Baltimore & Ohio 4J^s Baltimore & Ohio 5s Bangor & Aroostook 5s Boston & Albany 4J^s Boston & Maine 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $10,000 C., B. & Q. 4s 15.000 Chic., Mil. & St. Paul 4J^s 15.000 Chic., Mil. & St. Paul 5s 13.000 Fitchburg 4s 2.000 Fitchburg 4p2S 5.000 Illinois Central 3}4s 10.000 Louisville & Nashville 5s 2.000 Louisville & Nashville 6s 10.000 Maine Central 4U2S 5.000 Me. Cent. & E. & N. A. 4s 5.000 N. Y. C. & H. R. 4s 5.000 N. Y., N. H. & H. 3 ^ s 25.000 N. Y., N. H. & H. 4s 10.000 No. Maine Seaport 5s 10.000 Old Colony 4s 20.000 Pennsylvania 4)^s 5.000 Vermont Valley 4)^s 3.000 Washington Co. 3}4s 5.000 Wore., Nash. & R. 4s Street Railway Bonds. Par Value. $20,000 Boston Elevated 4)^s 10.000 Boston & Northern 4s 5.000 Brockton 5s 6.000 Lowell, Law. & Hav. 5s 10.000 Lynn & Boston 5s 5.000 West End 4s 5.000 West End 5s 5.000 Worcester Consol. 4J^s 5.000 Worcester Consol. 5s Bank Stocks. Shs. 7 Merchants Nl. Bk., Boston 36 Nl. Shawmut Bk., Boston 8 Winthrop Nl. Bk., Boston 37 Brockton Nl. Bk. R E PO R T OF THE [Pub. Doc. BRIDGEWATER SAVINGS BANK, BRIDGEWATER. 11 CENTRAL SQUARE. Incorporated March 19, 1872. Number of corporators, 25; number of trustees, 13. W il l ia m D . J a c k s o n , President. H a r r y W . B r a g d o n , Treasurer. F r a n k B . S w e e t , Clerk o f the Corporation. Board of Trustees: H . W . B r ag don ., P . O. C l a r k , O. B . C o l e , J. H . F a ir b a n k s , A . F . F i e l d , Jr., C . R . F it c h , E . A . H e w e t t , W . F). J a c k s o n , W . S. L i t t l e , G . J. L o w e , E . A . M a c M a s t e r , G u s t a y u s P r a t t , H . J. S t r a n n , F . E . S w e e t . Board of Investment: J. H . F a ir b a n k s , E . A . H e w e t t , E . A . M a c M a s t e r , W . S. L i t t l e , C. R . F it c h . Auditing Committee: G u st a v u s P r a t t , W . D . J a c k s o n , H . J. S t r a n n . S Deposits draw interest from first day of January, April, July and October; dividends are payable April 1 and October 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 1 p . m .; also Fridays from 7 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & Tel. .Co. bonds Stocks of banks and trust companies 284 loans on real estate (.average o f each, $2,161.35) 30 loans on personal security Bank building and fixtures (estimated value, $8,000; assessed value, $7,700) Real estate by foreclosure, etc. (assessed value, $18,200) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . Deposits in national banks or trust companies Cash . T otal Assets $162,971 289,144 108,000 19,502 69,225 613,826 82,510 50 60 00 50 60 00 00 8,000 00 12,768 83 6 10,499 1,584 99 17 38 90 01 . $1,378,122 65 Liabilities. Due depositors on 3,367 accounts, averaging $376.15 each (Accounts opened during year, 355; closed, 295; increase, 60) . Surplus: — a. Guaranty fund (5% o f deposits; increase during year, $1,200) b. Profit and loss (increase during year, $9,420.19) Current income: — a. I n t e r e s t ......................................................................$6,660 15 b. Rent . . . . . . . 55 81 Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . T otal Liabilities . $1,266,498 62 63,350 00 41,822 33 $6,715 96 264 26 ----------------- 6,451 70 . $1,378,122 65 39 BANK COMMISSIONER. No. 8.; T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Amount paid for $ 2,172.53 $2,727.00 $250 .00 Cost per $1,000 of assets 1 .5 8 1 .9 8 .02 Cost per $1,000 of assets not including State tax and rent . Advertising. $34 13 .0 2 . . Other Expenses. • $ 7 83 .91 .5 7 • • Total. $5,967.57 . Gross income received during the year, $69,655.67. Rates on Investments and Loans (Average on All, 5.20%). Real estate loans (average rate, 5.72 per cent.): 5% , $165,850; 5p £% , $7,000; 6% , $440,976. Personal loans (average rate, 6.45 per cent.): 6% , *67,510; 6 J i% , S282 500Ronds stocks, etc. (average rate on amounts invested, 4.60 per cent.). 3J^%, $48,000, 4 % , $282,500, 4 M % . $12,500; 4 }i% , $130,000; 5% , $120,700; 6 % , $6,300; 6 % % , $9,000; 7% , $5,000; 8% , $25,200; 10%, $3,500; 16% , $4,800. Number of loans not over $3,000 each, 232, amounting to $284,411. 12 real estate loans made during year, amounting to $21,800. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 M % Number of deposits during year, 2,705, amounting to $24,071 06 27,308 54 169,401 09 Number of withdrawals during year, 2,797, amounting to . $220,780 69 195,615 10 $25,165 59 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $12,500 United States 4)4s 5.000 Massachusetts 4s 10.000 Fall River 4s 25.000 Los Angeles, Cal., 4)^s 5.000 New Bedford 3J/2S 10.000 New Bedford 4s 5.000 San Francisco, Cal., 4^js 10.000 Stamford, Conn., 4p^s 20.000 Concord 4s 5.000 Draiut 4s 5.000 Mansfield 4s 10.000 Montague 5s 10.000 North Attleborough 4s 10.000 Russell 4s 3.000 Brewster (F. D.) 4s 2,500 Huntington (F. D.) 4s Public Funds, Notes. $15,000 Bridgewater 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $10,000 Baltimore & Ohio 3p2S 5.000 Baltimore & Ohio 4bás 15.000 Baltimore & Ohio 5s 10.000 Bangor & Aroostook 5s 17.000 C., B. & Q. 3Ks 10.000 C., B. & Q. 4s 10.000 Chic. & Northwestern 4s 5.000 Chic. & Northwestern 5s 10.000 Chic., Mil. & St. Paul 4)^s 10.000 Illinois Central 3J^s 10.000 Illinois Central 4s 20.000 Louisville & Nashville 5s 5.000 Mahoning Coal 5s 10.000 Maine Central 4)^s 10.000 Minn., St. P. & Sit. St. M. 4s 85.000 N. Y., N. H. & H. 4s 25.000 No. Maine Seaport 5s 10.000 Old Colony 4s 10.000 Port. & Ogdensburg 4}^s 6.000 Sioux City & Pac. 3J/£s 5.000 Troy & Boston 7s Street Railway Bonds. Par Value. $40,000 Boston Elevated 4}^s 20.000 Boston & Northern 4s 15.000 Lowell, Law. & Hav. 5s 10.000 Lynn & Boston 5s 10.000 West End 4s 15.000 Worcester Consol. 4}4s Bank Stocks. Shs. 13 Abington Nl. Bk. 44 Boylston Nl. Bk., Boston 42 First Nl. Bk., Boston 55 Fourth-Atlantic Nl. Bk., Boston 15 Merchants Nl. Bk., Boston 20 Nl. Rockland Bk., Boston 6 Nl. Security Bk., Boston 197 Nl. Shawmut Bk., Boston 90 Brockton Nl. Bk. 55 Home Nl. Bk., Brockton 8 Plymouth Nl. Bk. 40 REPO RT OF THE [Pub. Doc. BRIGHTON FIVE CENTS SAVINGS BANK, BOSTON. 326 W ASHINGTON STREET (Ward 25). Incorporated March 28, 1861. H a r r y C . F a b y a n , President. W Board of Trustees: G . F. Sa N m u e l K e w h a l l e e n e , F. , A. B J. T . N Board of Investment: G . Auditing Committee: Number of corporators, 59; number of trustees, 15. F . u n k e r K F. B N , F , , e w h a l l B W . A. , N . S. u n k e r a r r e n r a n c is n o w l e s o r c r o ss G. W C . W a l t e r W a it e H . C. , W. F , u r k e , A . L a m b e r t , Treasurer. H . C. F a b y a n , W . S. F u l l e r , C. E . H o l m a n , , G. H . M c D e r m o t t , T . B . M u n r o e , F . G . W a r r e n , H. A. W il s o n . L a m b e r t , B. W . a b y a n S. F a l t e r Clerk o f the Corporation . , T . B . M u l l e r u n r o e , C . E . H , F . o l m a n G. N e w h a l l , H. A. W il s o n . . Deposits draw interest from first Saturday of January, April, July and October; dividends are payable the M onday after the first Saturday of January and July. Business hours: 9 a .m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m . ; and for deposits only, 7 to 9 p . m . , and after first Saturday in July’ during July and August, Fridays, for deposits only, 7 to 9 p . m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds . American Tel. & Tel. Co. bonds . Stocks of banks and trust companies 535 loans on real estate (average o f each, S3,417.i 22 loans on personal security . . . . Bank building and fixtures (estimated value, $10,500; ^ assessed value, $10,500) Real estate by foreclosure, etc. ( assessed value, S3,400) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . Deposits in national banks or trust companies Cash and cash items $345,485 441,420 24,600 24,650 36,418 7,518 1,828,592 385,900 10,000 3,641 167 215 78,405 6,226 Total Assets 00 25 00 00 75 00 00 00 00 13 40 10 43 91 $3,193,239 97 Liabilities. Due depositors on 8,571 accounts, averaging $341.87 each (Accounts opened during year, 917; closed, 894; increase, S3) . Surplus: — a. Guaranty fund (4-07 % of deposits; increase during year, $8,000) h. Profit and loss (increase during year, $6,258.68 ) Current income: — a. I n t e r e s t ...................................................................... $57,735 69 b- R e n t ...................................................................... 17 29 Less current expenses not charged off . . . . Unearned discount . . . . . . Deposits or installments received on sales of Liberty Loan Bonds Suspense account . , https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . $2,930,214 08 119,500 00 61,928 55 $57,752 98 5,286 01 ------------------- 52,466 2,871 26,228 30 97 67 61 09 . $3,193,239 97 No. 8.] BANK COMMISSIONER. 41 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Amount paid for $4 ,0 4 6 .7 7 $ 8,060.00 $ 6 00 .00 Cost per $1,000 of assets 1 .2 6 2 .5 2 .18 Cost per $1,000 of assets not including State tax and rent . Other Expenses. • Total. $ 8 90 .05 .27 $3,132.21 .98 $16,729.03 5 .2 1 3 .7 7 Gross income received during the year, $155,886.12. Rates on Investments and Loans (Average on All, 5.14%). Real estate loans (average rate, 5.40 per cent.): 5% , $423,500; 5J^%, $1,340,592; 6% , $64,400. Personal loans (average rate, 5.88 per cent.): 4J^% , $15,000; 5% , $1,600; 5 K % , $50,000; 6% , $307,8006 J i% , $11,500. Bonds, stocks, etc. (average rate on amounts invested, 4.29 per cent.): 3J^%, $164,350; 4% , $412,1504*4 % , $76,100; $105,000; 4 M % , $10,000; 4.8% , $15,000; 4.875% , $10,000; 5% , $10,000; 5.05% , $15,000; 5.25% , $20,000; 5.3% , $25,000; 5.375% , $26,000 : 8% , $4,000; 12%, $1,000; 20% , $2,500. Number of loans not over $3,000 each, 294, amounting to $538,742. 8 real estate loans made during year, amounting to $22,100. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 }/?% July, 1918, 2 Y& % Number of deposits during year, 9,694, amounting to . . . Number of withdrawals during year, 6,698, amounting to N et increase in amount due depositors . . . . . . . ............................................... . . . . . . . . . . . $57,431 94 58,640 17 504,801 61 . $620,873 72 524,677 61 . $96,196 11 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $3,350 United States 3)^s 12,150 United States 4s 66,100 United States 4J4s 15.000 United States 43^s 20.000 Massachusetts 3)^s 10.000 Massachusetts 4s 5.000 Akron, O., 4}4s 30.000 Boston 4s 5.000 Bridgeport, Ct., 4s 5.000 Chicopee 4s 5.000 Everett 4s 25.000 Gloucester 5.375% 15.000 Leominster 5.05% 10.000 Lowell 4s 20.000 Milton 4.50% 10.000 Minneapolis, Minn., 4% s 10.000 New Bedford 4.875% • 10.000 Newton 4s 10.000 Portland, 0., 4s 15 000 Stoneham 4.80% 25.000 Winchester 5.30% 20.000 Winthrop 5.25% Railroad Bonds. $10,000 Atch., Top. &, Santa Fé 4s 10,000 Baltimore & Ohio 4}4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $16,000 Boston & Albany 3L£s 5.000 Boston & Albany 4s 10.000 Boston & Lowell 4s 7.000 Boston & Maine 4s 25.000 C„ B. & Q. 3 ^ s 10.000 C., B. & Q. 4s 5.000 Chic., Mil. & St. Paul 4s 20.000 Chic. & Northwest. 4s 15.000 Cleveland & Pitts. 3Hs 10.000 Concord & Montreal 4s 10.000 Dexter & Piscataquis 4s 10.000 Erie & Pitts. 3Hs 28.000 Fitchburg 4s 10.000 Great Northern 4Ms 10.000 Illinois Central 3)^s 20.000 Illinois Central 4s 15.000 Lake Shore & Mich. So. 4s 20.000 Maine Central 4J^s 10.000 M. Cent, & E. & N. A. 4s 15.000 Minn., St. P. & S. St. M. 4s 10.000 N. Y. C. & H . R. 3J/23 15.000 N. Y. C. & H . R. 4s 20.000 N. Y., N. H . & H . 3J^s 10.000 N. Y., N. H . & H . 4s 10.000 Northern Pacific 4s 25.000 Old Colony 4s 25.000 Pennsylvania 4L£s 20.000 Penobscot Shore Line 4s Par Value. $10,0C0 P„ Gt. Falls & Con. 4>2's 10,000 Washington Co. 314s 5,000 Wore., Nash. & R. 4s Street Railway Bonds. $10,000 Boston Elevated 4s 5,000 Boston & Northern 4s 10,000 Lynn & Boston 5s Bank Stocks. Shs. 15 Eliot Nl. Bk., Boston 23 First Nl. Bk., Boston 30 Market Trust Co., Boston 10 Merchants Nl. Bk., Boston 3 Old Boston Nl. Bk., Boston 2 Second Nl. Bk., Boston 10 Webster & Atlas Nl. Bk., Boston 42 [Pub. Doc. R E PO R T OF THE BRISTOL COUNTY SAVINGS BANK, TAUNTON. 35 Incorporated March 2, 1846. E. G e o r g e R a n d a l l D W C. F. F T. , , President. Clerk of the Corporation. o st e r S Number of corporators, 67; number of trustees, 14. il b u r e a n Board of Trustees: J. L. W . BR OADW AY. o p e r A n t h o n y , F . A . H , E. A . T u b b a r d h o m a s Board of Investment: C. W . Auditing Committee: C . H . D , a v o l B A lfr e d C h e st e r M . T . B a r k e r , C. H . L. M o r s e , T . J. M G. E. W i l b u r . , B , F. , l a in e T . J. , M F. L. o r t o n M , W . T. o r se , S o p e r S , l a in e o r t o n W . T. B . S p r o a t , Treasurer. E . W a l k e r , Assistant Treasurer. , C. , W . E. A. o p e r W . R . P T D a v o l h o m a s , R G. E. , e a n , n d e r s D , a n d a l l Jr., C. V . , a r k W Sa il b u r . . Deposits draw interest from first day of January, April, July and October; dividends are payable April 1 and October 1. Business hours: 9 a .m . to 1 p .m .; Saturdays, 9 a .m . to 4 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 384 loans on real estate (average of each, $5,065.46) . . . . . 56 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $30,000; assessed value, $82,800) W ar savings stamps and thrift stamps . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . . . . . $1,381,500 00 1,878,875 00 206,000 00 200,000 00 69,500 00 98,200 00 1,945,140 00 1,293,700 00 10,000 00 58 10 221,219 52 6,124 92 $7,310,317 54 Liabilities. Due depositors on 12,821 accounts, averaging $515.49 each . $6,609,167 38 {Accounts opened during year, 916; closed, 1,271; decrease, 855) Surplus: — o. Guaranty fund (5.22% o f deposits; increase during year, none) b. Profit and loss {increase during year, $37,712.98) . Current income: — a. Interest . . . . . . . $31,545 02 b. Rent . . . . . . . . 50 00 $31,595 02 953 32 Less current expenses not charged off Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 345,400 00 298,794 46 T otal Liabilities . 30,641 70 26,314 00 . $7,310,317 54 BANK COMMISSIONER. No. 8.' 43 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Am ount paid for $ 1 9,714 .47 $13,526 .18 $8 0 0 .0 0 Cost per $1,000 of assets 2 .6 9 1 .8 5 .11 Cost per $1,000 of assets not including State tax and rent . $ 2 97 .80 .04 $1 ,9 9 9 .9 6 .2 7 Total. $36,338 .41 4 .9 6 2 .1 6 Gross income received during the year, $353,970.56. Rates on Investments and Loans (Average on All, 4.97%). Real estate loans (average rate, 5.50 per cent.): 4 M % , $25,000; 5% , $416,700; 5 M % , $28,500; 5J^%, $985,375; 5 K % , $22,200; 6% , $467,365. Personal loans (average rate, 5.99 per cent.): 5J^%, $5,000; 5 M % . $50,000; 6% , $1,213,700; 6J^%, $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cent.): 3% , $50,000; 3}4% , $700,100; 4% , $1,639,100; 4 U % , $216,300; 4M % , $652,500; 5% , $261,000; 6% , $235,000; 6 ^ % , $15,000; 8% , $10,000; 9% , $16,700; 10%, $11,500; 12% , $20,000; 1 7 ^ % , $5,000; 20% , $10,000. Number of loans not over $3,000 each, 289, amounting to $317,790. 37 real estate loans made during year, amounting to $243,850. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% O ct., 1918, 2 J i% Number of deposits during year, 8,089, amounting to $130,624 18 144,389 06 742,252 16 . $1,017,265 40 1,203,319 91 Number of withdrawals during year, 10,417, amounting to N et decrease in amount due depositors $186,054 51 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 U. S. Cert, of Indebt. 4J^s 60,100 United States 3Ks 114,100 United States 4s 216,300 United States 41^8 50.000 California 4s 50.000 Massachusetts 3p£s 50.000 Massachusetts 4s 150.000 Boston 4s 30.000 Brockton 4s 25.000 Chelsea 4s 50.000 Chicago, 111., 4s 25.000 Cranston, R. I., 4s 50.000 Detroit, Mich., 4s 50.000 Fall River 4s 50.000 Haverhill 4s 25.000 Minneapolis, Minn., 4s 15.000 New Bedford 3}^s 115.000 New Bedford 4s 30.000 New London, Ct., 4s 50.000 Providence, R. I., 3s 25.000 Somerville 4s 25.000 Springfield 4s 20.000 Taunton 4s 20.000 Woonsocket, R. I., 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Public Funds, Notes. Par Value. $30,000 Bristol Co. 4s 7,500 Bristol'Co. 4J^s Railroad Bonds. $25,000 Baltimore & Ohio 4p£s 20.000 Bangor & Aroostook 5s 75.000 Boston & Albany 3J^s 100.000 Boston & Albany 5s 50.000 Boston & Lowell 4)^s 50.000 Boston & Maine 3J^s 50.000 Boston & Maine 4s 75.000 Boston & Maine 4}4s 50.000 C., B. & Q. 3 ^ s 100.000 C., B. & Q. 4s 30.000 Chic., M. & St. Paul 5s 100.000 Concord & Montreal 4s 100.000 Fitchburg 3pSis 50.000 Fitchburg 4s 50.000 Fitchburg 4)^s 50.000 Illinois Central 3p£s 75.000 Louisville & Nashville 6s 75.000 Maine Central 4J^s 50.000 Michigan Central 5s 50.000 N. Y „ N. H . & H . 3p£s 100.000 N. Y „ N. H . & H . 4s 100.000 Norfolk & Western 6s 150.000 Old Colony 4s Par Value. $50,000 Pennsylvania 4p£s 50.000 Port. & Ogdens. 4}4s 25.000 Rome, W. & Ogdensburg 5s 50.000 St. P., Minn. & Man. 4J^s 50.000 St. Paul & No. Pac. 6s 50.000 Vermont Valley 4)^s 30.000 Wore., Nash. & R. 4s Street Railway Bonds. $35,000 Boston Elevated 4p£s 15.000 Boston Elevated 5s 21.000 East Taunton 5s 50.000 West End 4s 85.000 West End 4J^s Bank Stocks. Shs. 67 Fourth-Atlantic Nl. Bk., Boston 200 Merchants Nl. Bk., Boston 50 Nl. Rockland Bk., Boston 100 Nl. Union Bk., Boston 100 Peoples Nl. Bk., Boston 100 Second Nl. Bk., Boston 15 First Nl. Bk., Easton 100 Third Nl. Bk., Springfield 100 Bristol Co. Nl. Bk., Taunton 100 Bristol Co. Trust Co., Taunton 150 Machinists Nl. Bk., Taunton 44 R E PO R T OF TH E [Pub. Doc. BROADWAY SAVINGS BANK, LAWRENCE. 522 ESSEX STREET. Incorporated March 9, 1872. W il l ia m F. R u t t e r , President. E ' Board of Trustees: C . O. G il e , G . W. H R o w e l l w o r t h , J. H . A a m b l e t W . E. , G . St Number of corporators, 35; number of trustees, 22. F. o n e C n d r e w s , W . D. R B . d m u n d , A . B . J. H . , H u sse l l S C , B , C u t t e r , G . L . Se r id e a r t sh o r n e , W . F. R u t h e r l a n d Board of Investment: W . F. R u t t e r Auditing Committee: W . D. C u r r ie r , , K. G . J. E . H , W . D. W . E. R o w e l l F. L. P o r t e r , 0 . l in t o n A n d r e w s , Treasurer. Clerk of the Corporation. h o a t e , , T , J. W . C r o s s , W . D . C u r r i e r , W . H . A . S. L a n g , L . E . L o c k e , F. L . P o r t e r , , H . L . Sh er m an , M. L . Sh u ttle - o l b y o r n e w is s L. E . W . D. , l d e n , H L T a r r y o c k e , w is s . W y l d e A . S. L . a n g , G. W . H a m b l e t . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of April and October. Business hours: 9 a .m . to 1 p .m .; Saturdays, 9 a .m . to 1 p .m .; 2 to 4 and 7 to 8 p .m . STATEM EN T OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 732 loans on real estate (average o f each, $4,350,61) . . . . . . 121 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $50,000; assessed value, S47,000) Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . $768,646 636,488 130,112 89,300 67,500 3,184,650 977,155 30,000 164,820 5,181 22 75 50 00 00 03 00 00 51 70 T otal A s s e t s .......................................... $6,053,854 71 Liabilities. Due depositors on 10,270 accounts, averaging $523.67 each . . . . . .$5,378,056 79 (Accounts opened during year, 1,584; closed, 1,578; increase, 6) Surplus: — a. Guaranty fund (4-95% of deposits; increase during year, $2,000) b. Profit and loss (increase during year, $8,040.30) . . . Current income: — 1 Interest . . . . . . . . . . Less current expenses not charged off . . . . Unearned discount . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . . 266,500 00 270,097 47 $5,373T03 1,479131 ---------------------— . . . . . . . 3,893 22 11,653 33 123,653 90 . $6,053,854 71 45 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 7 ,825.53 $14,448 .38 $ 1 ,800.00 Cost per $1,000 of assets 1 .2 9 2 .3 9 .3 0 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $ 9 96 .08 .16 . . $ 5 ,4 1 1 .5 2 .89 $30,481.51 5 .0 3 3 .4 4 Gross income received during the year, $299,304.41. Rates on Investments and Loans (Average on All. 5.28%). Real estate loans (average rate, 5.44 per cent.): 4j4i%, $8,000; 4 M % , $35,000; 5% , $411,750; 5 Y % , $2,613,350; 6% , $111,650; 7% , $4,900.03. Personal loans (average rate, 5.97 per cent.): 4 )4 % , $4,500; 5% , $2,000; 5 )4 % , $91,450; 6% , $804,205; 6 M % . $50,000; 6 )4 % , $25,000. ' i Bonds, stocks, etc. (average rate on amounts invested, 4.56 per cent.): 3% , $50,000; 3 )4 % , $122,050; 4% , $547,400; 4 M % , $613,450; 4 )4 % , $146,000; 5% , $130,000; 6% , $47,000; 7% , $20,000; 8% , $27,500; 10% , $40,000. Number of loans not over $3,000 each, 496, amounting to $784,590. 36 real estate loans made during year, amounting to $133,950. Dividends, Deposits and Withdrawals $100,263 101,249 25,065 25,312 1,013,502 Ordinary dividends declared during year: April, 1918, 2% O ct., 1918, 2 % Extra dividends declared during year, April, 1918, 34% Oct., 1918, )4 % Number of deposits during year, 16,178, amounting to 73 82 93 45 87 $1,265,394 80 1,095,534 60 Number of withdrawals during year, 8,234, amounting to $169,860 20 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $2,050 United States 3pis 613,450 United States 4)4s 25.000 Massachusetts 3)4s 32.000 Boston 4s 50.000 Chicago, 111., 4s 11,400 Lawrence 4s 10.000 Lynn 4s 25.000 Portland, Ore., 6s Railroad Bonds. $20,000 Atch., Top. & Santa F6 4s 35.000 Baltimore & Ohio 4s 30.000 Baltimore & Ohio 5s 25.000 Boston k Maine 3s 20.000 Boston k Maine 4s 26.000 Boston & Maine 4)4s 20.000 C., B. k Q. 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Cleveland Short Line 4)4s 50.000 Concord & Montreal 4s 25.000 Fitchburg 4s 25.000 Illinois Central 3s 50.000 Illinois Central 3)4s 15.000 Joliet k No. Ind. 4s 50.000 Louisville & Nashville 5s 3.000 Louisville & Nashville 6s 10.000 Maine Central 4)4s 50.000 M., S. P. & Sault S. Marie 5s 10.000 Mobile & Ohio 6s 25.000 N. Y „ N. H. & H. 3)4s 50.000 N. Y., N. H. & H. 4s 25.000 Old Colony 4s 25.000 Pennsylvania 4J4s 9.000 Pensacola & Atlantic 6s 6.000 St. Paul, Minn, k Man. 4s 20.000 Washington Co. 3)4s 25.000 West Virginia & Pitts. 4s Street Railway Bonds. Par Value. $18,000 Boston Elevated 4s 50.000 Boston Elevated 4)4s 35.000 Boston & Northern 4s 20.000 West End 7s 10.000 Wore. & Southhridge 4)4s Bank Stocks. Shs. 400 Nl. Shawmut Bk., Boston 25 Webster & Atlas Nl. Bk., Boston 100 Bay State Nl. Bk., Lawrence 100 Merchants Tr. Co., Lawrence 50 Naumkeag Trust Co., Salem 46 R E PO R T OF THE [Pub. Doc. BROCKTON SAVINGS BANK, BROCKTON. 5-9 NORTH M AIN STREET. Incorporated March 3, 1881. Number of corporators, 62; number of trustees, 15. B r a d f o r d E . J o n e s , President. M e r t o n S. G u r n e y , Clerk of the Corporation. C h a r l e s C . C r o o k e r , Treasurer. W il l ia m G . A l l e n , Assistant Treasurer. Board of Trustees: S. P. A l d e n , A . F. B a r k e r , C . C . C r o o k e r , W . H . E m e r s o n , M . S. G u r n e y , J o sep h H e w e t t , F. B . H o w a r d , B . E . J o n e s , P. B . K e it h , C . W . K in g m a n , D . G . S w a i n , A n d r e w Sw a n s o n , E . M . T h o m p so n , J. G . W i l d e , H . E . W il l ia m s . Board o f Investment: Auditing Committee: B . E . J o n e s , E . M . T h o m p so n , W . H . E m e r s o n , H . E . W il l ia m s . F. B . H o w a r d , E . M . T h o m p so n , M . S. G u r n e y . Deposits draw interest from fifteenth day of January, April, July and October; dividends are pay able April 15 and October 15. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 a .m . to 12 m .; and for deposits only, 7 to 8.30 p .m . from September 15 to June 15. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds . American Tel. & Tel. Co. bonds . . . . . Stocks of banks and trust companies . . . . 945 loans on real estate {average of each, $4,I?57.5S) . Less amount due on uncompleted loans . . . . . . . . $720,050 1,283,881 353,691 100,000 135,585 50,000 00 25 75 00 00 00 4,023,175 1,040,702 79,000 6,676 386 334 112,596 17,187 00 50 00 53 54 08 11 77 $4,025,675 00 2,500 00 53 loans on personal security Bank building and fixtures {estimated value, $101,000; assessed value, $88,200 ) Real estate by foreclosure, etc . {assessed value, $10,500) . Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . Deposits in national banks or trust companies Cash and cash items . . . . . . . . T otal Assets $7,923,266 53 Liabilities. Due depositors on 18,958 accounts, averaging $391.36 each . $7,419,375 74 {Accounts opened during year, 2,06%; closed, 2,131; decrease, 69) Surplus: — a. Guaranty fund {4 .94 % of deposits; increase during year, $3,800) b. Profit and loss {increase during year, $15,035.33) . Current income: — a. Interest . . . . . . . $3,754 04 b. Rent . . . . . . . . 189 25 Less current expenses not charged off . . $3,943 29 2,025 77 ----------------- . Unearned discount . . . . . Deposits or installments received on sales of Liberty Loan Bonds Balance due on foreclosure sales . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities 366,800 00 104,164 21 . 1,917 8,591 22,182 235 52 39 00 67 . $7,923,266 53 47 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $752.29 .09 $2,383.54 .30 $31,315.70 3.95 2 .27 Am ount paid for $12,092.03 $14,887.84 $1,200.00 C ost per $1,000 of assets 1.53 1.88 .15 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $363,651.25. Rates on Investments and Loans (Average on All, 5.33%). Real estate loans (average rate, 5.82 per cent.): 4M%> $100,000; 5M % , $1,159,075; 6%, $2,764,100. Personal loans (average rate, 6.04 per cen t.): 6%, $900,702.50; 6J^%, $100,000; 6M % i $40,000. Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cen t.): 3M % . $632,450; 4%, $1,095,800; 4 H % , $144,800; 4M%> $449,000; 5%, $266,000; 7%, $50,000; 8%, $12,500; 9%, $30,000; 10%, $7,500. Number of loans not over $3,000 each, 671, amounting to $1,185,065. 15 real estate loans made during year, amounting to $35,200. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 M % Oct., 1918, 2 H % Number of deposits during year, 20,536, amounting to ■ Number of withdrawals during year, 18,165, amounting to . $154,487 88 156,850 96 1,257,350 56 . . . $1,568,689 40 1,336,417 89 $232,271 51 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $100,000 U. S. Cer. of Indebted. 4Ms 6,450 United States 3Ms 144,800 United States 4Ms 105,000 Boston 4s 79.000 Brockton 3Ms 44.000 Brockton 4s 50.000 Fall River 4s 30.000 Holyoke 4s 35.000 Indianapolis, Ind., 4s 50.000 New Bedford 4s 17.000 Stamford, Conn., 3Ms 20.000 Ashland 4s 30.000 Braintree 4s 8,800 West Bridgewater 4s Railroad Bonds. $25,000 Baltimore & Ohio 3Ms 25.000 Baltimore & Ohio 4 Ms 25.000 Boston & Albany 3Mis 75.000 Boston & Albany 4s 5,000 Boston & Lowell 3Mis 25.000 Boston & Lowell 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Boston & Maine 3Ms 20.000 Boston & Maine 4s 80.000 Boston & Maine 4Ms 100,000 C., B. & Q. 3Ms 30.000 Chic., Mil. & St. Paul 4s 35.000 Chicago & Northwestern 4s 10.000 Cleveland & Pitts. 4Ms 25.000 Concord & Montreal 4s 20.000 Conn. & Pass. Rivers 4s 75.000 Fitchburg 4s 50.000 Fitchburg 4Ms 75.000 Illinois Central 3Ms 5,000 Illinois Central 4s 50.000 Lake Shore & Mich. So. 4s 40.000 Maine Central 4M® 25.000 Michigan Central 3Ms 25.000 Michigan Central 5s 25.000 N. Y. C. & H. R. 4s 75.000 N. Y „ N. H. & H. 3Ms 40.000 N. Y., N. H. & H. 4s 45.000 Old Colony 4s 25.000 Penobscot Shore Line 4s 25.000 Peoria & No. West. 3Ms 30.000 Port. & Ogdens. 4Ms Par Value. $100,000 Portland Terminal Co. 4s 25.000 Princeton & N. W. 3Ms 25.000 Vermont Valley 4Ms 25.000 Washington Co. 3Ms 3,000 Wore., Nash. & R. 4s Street Railway Bonds. $25,000 Boston Elevated 4Ms 25.000 Boston Elevated 5s 11.000 Brockton 5s 10.000 Marlboro & Westboro 5s 150,000 West End 5s 50.000 West End 7s 30.000 Worcester Consol. 4Ms 20.000 Worcester Consol. 5s 34.000 Wor. & Southbridge 4Ms Bank Stocks. Shs. 75 Nl. Shawmut Bk., Boston 300 Brockton Nl. Bank 125 Home Nl. Bk., Brockton 48 REPO RT OF THE [Pub. Doc. BROOKLINE SAVINGS BANK, BROOKLINE. 36G W ASHINGTON STREET. Incorporated February 24, 1871. Number of corporators, 49; number of trustees, IS. E d w a r d M . F a r n s w o r t h , President. C . W il l ia m M e r z , Treasurer. E d w a r d W . B a k e r , Clerk o f the Corporation. Board of Trustees: E . W . B a k e r , W in t h r o p C o f f in , J. A . C o u s e n s , E . B . D a n e , J o sep h D r is c o l l , E . M . F a r n s w o r t h , G . H . F r a n c is , C . W . H o l t z e r , F . E . J a m e s , M a r t in K in g m a n , H . W . L a m b , W . E . M c G r e g o r , P a t r ic k O ’L o u g h l in , C . H . S t e a r n s , C . B . W ig g in , F . H . W il l ia m s . Board of Investment: J. A . C o u s e n s , E . M . F a r n s w o r t h , J o sep h D r is c o l l , C . B . W . E . Auditing Committee: M c G r e g o r W ig g in , . E . W . B a k e r , F. E . J a m e s , H . W . L a m b . Deposits draw interest from second M onday of January, April, July and October; dividends are pay able the third Wednesday of January and July. Business hours: 9 a .m . to 1 p .m .; also Mondays and Wednesdays, 3 to 5 p .m .; Saturdays, except in August, 6 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . 428 loans on real estate (average of each, $7,664-48) . . . . . 58 loans on personal security . . . . . . Bank building and fixtures (estimated value, $30,000; assessed value, $24,800) Real estate by foreclosure, etc. (assessed value, $94,400) . . . . W ar savings stamps and thrift stamps . . . . Deposits in national banks or trust companies Cash and cash items . . . . . . . . . . . . . . . ' . . $552,476 68 1,614,536 35 407,397 05 147,596 26 3,280,370 00 1,469,777 94 25,700 00 76,382 31 207 40 143,114 85 11,101 12 . $7,728,659 96 T otal Assets Liabilities. Due depositors on 18,158 accounts, averaging $398.40 each . . . . . . . $7,234,145 03 (Accounts opened during year, 1,350; closed, 1,777; decrease, 487) Surplus: — a. Guaranty fund (3.88% of deposits; increase during year, $18,250) h. Profit and loss {increase during year, $41 <^71.06) . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds Suspense account . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 280,871 00 93,623 25 $64,227 29 6,396 31 57,830 98 61,629 70 560 00 . $7,728,659 96 49 BANK COMMISSIONER No. 8.' T otal Expenses for the Year, including State Taxes. Salaries. Rent. State Tax (Net). $13,936 .79 Am ount paid for $18,445 .07 1 .8 0 Cost per $1,000 of assets 2 .3 9 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $ 1 54 .52 .02 $4,6 7 7 .7 7 .60 $ 3 7,214 .15 4 .8 1 2 .4 2 Gross income received during the year, $394,970.30. Rates on Investments and Loans (Average on All, 5.17%). Real estate loans (average rate, 5.49 per cent.): 4 }4% , $202,525; 4M%> $6,000; 5% , $1,036,985; 5J^%, $641,550; 6% , $1,393,310. Personal loans (average rate, 5.97 per cent.): 5% , $50,000; 6% , $1,419,777.94. Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 3% , $25,000; 3pio%, $5,000; 3}4% , $314,450; 4 % , $998,900; 4 M % . -$371,100; 4 ^ % , $350,000; 5% , $528,000; 6% , $148,000; 7 % , $1,000. . Number of loans not over $3,000 each, 122, amounting to $243,777.94. 26 real estate loans made during year, amounting to $169,500. Dividends, Deposits and Withdrawals. $141,769 41 140,900 00 861,487 45 Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Number of deposits during year, 15,640, amounting to Number of withdrawals during year, 13,879, amounting to N et decrease in amount due depositors . . . . . . . . $1,144,156 86 1,233,649 61 . . . . $89,492 75 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $450 United States 3)^s 2,900 United States 4s 311,100 United States 4}4s 15.000 Boston 4s 60.000 Boston 4}4a 21.000 Brockton 3J^s 5.000 Brockton 4s 20.000 Fall River 4s 25.000 Portland, Ore., 4p£s 30.000 Quincy 4s 5.000 Brookline 3.10% 2.000 Brookline VAs 10.000 Concord 4s 32.000 Milton 4s 15.000 Wareham 4s Railroad Bonds. $25,000 Baltimore & Ohio 4s 50.000 Baltimore & Ohio 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $30,000 Boston & Albany 4s 25.000 Boston & Albany 4}^s 25.000 Boston & Albany 5s 50.000 Boston & Lowell 5s 45.000 Boston & Maine 4s 55.000 Boston & Maine 4}4a 50.000 C„ B. & Q. ay2a 50.000 C., B. & Q. 4s 25.000 Chic., Mil. & Puget S. 4s 50.000 Chic., Mil. & St. Paul 4s 50.000 Chic., Mil. & St. Paul 5s 25.000 Chic. & North. 5s 148.000 Chic. & North. 6s 55.000 Fitchburg 3J^s 80.000 Fitchburg 4s 25.000 Fitchburg 4j4>s 25.000 Illinois Central 3s 101.000 Illinois Central 3Aa 50.000 Illinois Central 4s 25.000 Lake Shore & Mich. So. 4s 25.000 Louisville & Nashville 5s Par Value. $50,000 Maine Central il4a 25.000 Minn., St. P. & S. St. M. 4s 25.000 N. Y. C. & H. R. 3 ^ s 50.000 N. Y. C. & H. R. 4s 60.000 N. Y „ N. H. & H. 3'Aa 210.000 N. Y „ N. H. & H. 4s 100.000 No. Maine Seaport 5s 10.000 Pennsylvania 4'/>a 1,000 Troy & Boston 7s Street Railway Bonds. $140,000 Boston Elevated 4}A.a 71.000 Boston Elevated 5s 25.000 Holyoke 5s 32.000 Lowell, Law. & Hav. 5s 60.000 Lynn & Boston 5s 15.000 South Shore & Boston 5s 40.000 West End 4s 20.000 Worcester Consol. 4)As 50 R E PO R T OF THE [Pub. Doc, CAMBRIDGE SAVINGS BANK, CAMBRIDGE. 15 Incorporated April 2, 1834. DUNSTER STREET. Number of corporators, 47; number of trustees, 18. E n o c h B e a n e , President. J oh n H . H u b b a r d , Clerk of the Corporation. A r t h u r H . B o a r d m a n , Treasurer. H e n r y A . N ic h o i .s , Assistant Treasurer. Board o f Trustees: O . F. A l l e n , J o h n A m e e , J. H . B e a l e , E n och B e a n e , A . H . B o a r d m a n , L. N . B r o c k , F. W . D a l l in g e r , J. C . D o w , T h o m as H a d l e y , J. H . H u b b a r d , H . E . M a s o n , W . B . M ’C o y , C . H . M o n t a g u e , H . A . N ic h o l s , W . B . R e id , P. F . S o u l e , H . N . S t e a r n s , R o b e r t W a lcott. • Board of Investment: E n o c h B e a n e , H . E . M a s o n , L. N . B r o c k , J. C . D ow , T h o m as H a d l e y . Auditing Committee: E n o c h B e a n e , J. H . H u b b a r d , W . B . R e id , J oh n A m e e . Deposits draw interest from fourth Thursday of January, April, July and October; dividends are payable the Friday after the fourth Thursday of January and July. Business hours: 8 a .m. to 1 p .m .; Thursdays from 8 a .m . to 4 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . . Street railway bonds . . . Boston Terminal Co. bonds . . . . . American Tel. & Tel. Co. bonds . . . . . . . Stocks of banks and trust companies . . . . . . 1,590 loans on real estate {average o f each, $4,317.88) . . . 84 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $160,000; assessed value, Real estate by foreclosure, etc. (assessed value, $171,800) . . . Taxes, insurance, etc., paid on mortgaged properties . . . W ar savings stamps and thrift stamps . . . . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . . . . . . . $167,600) . . . . . . - T otal Assets $663,680 993,855 521,055 48,700 90,443 45,200 6,705,553 1,666,705 110,000 9,155 1,008 199 107,109 4,912 90 00 50 00 75 00 50 05 00 02 89 80 38 13 . $10,967,578 92 Liabilities. D ue depositors on 21,007 accounts, averaging $468.26 each . $9,836,823 38 (Accounts opened during year, 2,224; closed, 1,896; increase, 829) Surplus: — a. Guaranty fund (5.01% of deposits; increase during year, $ 400) h. Profit and loss (increase during year, $4-1,846.90) . . . . Current income: — Interest . . . . . , . Earned and unearned discount . . . . . . . . Suspense accounts . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 492,400 00 445,656 15 . . 116,254 82 74,352 71 2,091 86 . $10,967,578 92 BANK COMMISSIONER. No. 8.] 51 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. $19,131.64 Am ount paid for $12,219 .13 1 .7 4 Cost per $1,000 of assets 1 .11 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $ 1,005.23 .09 $4,122.12 .3 8 $36,478 .12 3 .3 2 2 .2 1 . Gross income received during the year, $533,307.15. Rates on Investments and Loans (Average on All, 5.39%). Real estate loans (average rate, 5.44 per cent.): 434% , $150,000; 5% , $2,413,795; 5 )4 % . $2,212,025; 6% , $1,927,983.50; 6 )4 % , $1,750. Personal loans (average rate, 6.17 per cent.): 5% , $25,003; 5 )4 % , $2,100; 6% , $665,512.05; 6)4% , $100,000; 6 )4 % , $505,100; 6)4% , $99,000; 6 )4 % , $269,990. Bonds, stocks, etc. (average rate on amounts invested, 4.73 per cent.): 3 )4 % , $282,600; 4 % , $900,900; 4 )4 % , $266,650; 4 )4 % , $199,000; 5% , $641,000; 5.35% , $60,000; 5.55% , $15,000; 6% , $16,000; 7% , $56,000; 9% , $500; 10% , $15,000; 12% , $20,500; 17)4% , $3,200. Number of loans not over $3,000 each, 789, amounting to $1,343,724.50. 97 real estate loans made during year, amounting to $404,915.21. Dividends, Deposits and Withdrawals. $209,841 81 211,800 87 1,742,104 61 Ordinary dividends declared during year: Jan., 1918, 2 )4 % July, 1918, 2 )4 % Number of deposits during year, 24,517, amounting to . Number of withdrawals during year, 17,421, amounting to N et increase in amount due depositors . . . . . . . . . $2,163,747 29 2,012,099 33 . . . $151,647 96 SCHEDULE OF SECURITIES OWNED. Railroad Bonds. Par Value. Public Funds, Bonds. $50,000 N. Y., N. H. & H. 4s Par Value. Par Value. 25.000 No. Maine Seaport 5s $25,000 Baltimore & Ohio 4s $20,000 U. S. Cer. of Indebted. 4)4s 10.000 Old Colony 4s 20.000 Baltimore & Ohio 4)4s 600 United States 3)4s 37.000 Pennsylvania 4)4s 9.000 Baltimore & Ohio 5s 256,650 United States 4)4s 4,000 Ports., Gt. Falls & C'y 4)4s 10.000 Boston & Albany 4)4s 40.000 Massachusetts 4s 15.000 St. J. à L. C. 5s 10.000 Federal Land Bank of Louis 72.000 Boston & Albany 5s 50.000 Washington Co. 3J4s 5.000 Boston & Maine 3J4s ville, Ky., 5s 137,000 Boston & Maine 4s 50.000 Boston 4s 15.000 Boston & Maine 4J4s 10.000 Bristol, Conn., 4)4s Street Railway Bonds. 6.000 Boston & Providence 6s 15.000 Dayton, 0 ., 5s $40,000 Boston Elevated 4s 21.000 Boston, R. B. & L. 4)4s 11.000 Fitchburg 4s 100.000 Boston Elevated 5s 47.000 C., B. & Q. 3)4s 37.000 Holyoke 4s 25.000 Boston & Northern 4s 19.000 C„ B. & Q. 4s 2,000 New Bedford 334s 15.000 Holyoke 5s 70,Q0O Chicago, Mil. & St. Paul 4s 25.000 New Bedford 4s 50.000 Lynn & Boston 5s 15.000 Chic., Mil. & St. Paul 4)4s 20.000 San Francisco, Cal., 5s 57.000 Springfield 4s 35.000 Chic., Mil. & St. Paul 5s 30.000 Seattle, Wash., 5s 170.000 West End 5s 30.000 Chicago & Northwestern 4s 10.000 Revere 4)4s 50.000 West End 7s 25.000 Conn. & Pass. Rivers 4s 24.000 Attleborough 4s 27.000 Worcester Cons. 4)4s 3.000 Conn. River 334s 7.000 Fitchburg 5s 62.000 Illinois Central 4s Bank Stocks. 10.000 Louisville & Nashville 5s Shs. 32 Nl. Rockland Bk., Boston 10.000 Louisville & Nashville 6s Public Funds, Notes. 20.000 Maine Central 4)4s 150 Nl. Shawmut Bank, Boston $20,000 Plymouth County 5s 38.000 Mil., L. S. & West. 5s 5 Nl. Union Bk., Boston 15.000 Gloucester 5.55% 15.000 Minn., St. P. & S. St. M. 4s 55 Old Colony Trust Co., Boston 9,900 Wakefield 4s 39.000 N. Y. C. & H. R. 4s 150 Charles Riv. Tr. Co., Cambridge 60.000 Wakefield 5.35% 125.000 N. Y „ N. H. & H. 3J4s 60 First Nl. Bk., New Bedford https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 52 RE PO R T OF TH E [Pub. Doc. CAMBRIDGEPORT SAVINGS BANK, CAMBRIDGE. 689 MASSACHUSETTS AVENUE. Incorporated February 22, 1853. Number of corporators, 50; number of trustees, 16. F r e d e r ic W . T il t o n , President. J o s ia h F . L a n e , Clerk o f the Corporation. J o h n R . G il e s , Treasurer. Board of Trustees: A . M . B a b n e s , H e b m a n B i b d , E . J. B b a n d o n , W . E . B u b b a g e , J. H . C o r c o r a n , F . A . C o u n t w a y , W . W . D a l l in g e b , J. A . D ow , W . H . D u n n in g , H . H . D y e r , W e l l in g t o n F il l m o r e , C h a r l e s J a m e s , W . F . R o a f , G . A . S a w y e r , F . W . T il t o n , H . H . W i n s l o w . Board o f Investment: Auditing Committee: F. W . T il t o n , W . W . D a l l in g e b , J. H . C o r c o r a n , C h a r l e s J a m e s , W e l l in g t o n F il l m o r e . C h a r l e s J a m e s , J. A . D ow , W . F. R o a p . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of January and July. Business hours: 8.30 a .m . to 1.30 p .m .; Sat urdays, 8.30 a .m . to 12 m .; 5 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. 1 Assets. Public funds, bonds and notes . . . . . . . Railroad bonds and notes Street railway bonds . . . . . . . . Boston Terminal Co. bonds . American Tel. & Tel. C o. bonds Stocks of banks and trust companies . . . . . . 803 loans on real estate (average of each, $5,744-31) . . . . 11 loans'on personal security . . . . . . . Bank building and fixtures (estimated value, $200,000; assessed value, $233,200) Real estate by foreclosure, etc. (assessed value, $ 40 ,200 ) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . . . . . . Deposits in national banks or trust companies . . , Cash and cash items . . . . . . . . . . T otal Assets . . $1,034,125 1,060,388 460,270 232,747 128,117 15,000 4,612,679 200,000 251,500 22,612 3,008 151 22,428 8,246 . $8,051,277 37 . $7,354,751 41 . 00 58 75 50 50 00 72 00 00 93 70 30 64 75 Liabilities. D ue depositors on 22,360 accounts, averaging $328.92 each (.Accounts opened during year, 2,436; closed, 2 ,402 ; increase, 84) Surplus: — a. Guaranty fund (4-94 % o f deposits; increase during year, $2,700) b. Profit and loss (increase during year, $12,863.28 ) . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 363,550 00 136,796 93 $104,062 63 8,147 10 95,915 53 100,263 50 . $8,051,277 37 BANK COMMISSIONER. No. 8.] 53 / Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $7 ,3 5 7 .4 8 $15,232 .48 $4 ,0 0 0 .0 0 Cost per $1,000 of assets .91 1 .8 9 .50 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $ 5 ,1 4 4 .3 7 .6 4 $32,455 .53 4 .0 3 2 .6 2 $7 2 1 .2 0 .0 9 ' Gross income received during the year, $358,111.60. Rates on Investments and Loans (Average on All, 4.94%). Real estate loans (average rate, 5.33 per cent.): 4 % , $45,800; 4 j^ % , $81,600; 4pg%, $98,000; 5% , $1,191,487.50; 5 ^ % , $3,134,442.22; 6% , $61,350. Personal loans (average rate, 6.63 per cent.): 6% , $25,000; 6 }£% , $25,000; 6> 2 % , $60,000; 7% , $90,000. Bonds, stocks, etc. (average rate on amounts invested, 4.21 per cent.): 3J^%, $623,000; 4% , $1,246,500; 4 M % . $651,300; 4 )^ % , $204,000; 5% , $163,000; 6% , $20,000; 7% , $65,000; 10% , $10,000. Number of loans not over $3,000 each, 464, amounting to $792,538.46. 12 real estate loans made during year, amounting to $24,900. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2 M % Number of deposits during year, 31,317, amounting to Number of withdrawals during year, 21,732, amounting to N et increase in amount due depositors . . . $137,637 57 155,420 83 1,248,402 83 . . . . . ( $1,541,461 23 1,381,351 49 . . . $160,109 74 / SCHEDULE OP SECURITIES OWNED. Public Funds, Bonds. Par Value. $651,300 United States 4Ms 30.000 Massachusetts 3J^s 105,000 Boston 4s 15.000 Cambridge 3p£s 10,500 Fitchburg 4s 25.000 Hartford, Ct., 3 p28 30.000 Malden 4s 40.000 Melrose 3)^s 2.000 Newton 4s 70.000 Springfield 3J^s 25.000 Woonsocket, R. I., 4s 8.000 Hull 4s 20.000 Maynard 4s Railroad Bonds. $25,000 Atch., Top. & S. Fd 4s 75.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4Hs 21.000 Baltimore & Ohio 5s 17.000 Bangor & Aroostook 5s 3.000 Boston & Albany 3}^s 60.000 Boston & Albany 4s 3.000 Boston & Lowell 3J^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. Street Railway Bonds. $30,000 Boston & Lowell 4s Par Value. 20.000 Boston & Lowell 4p£s $30,000 Boston Ele'.ated 4s 25.000 Boston & Maine 3p£s 45.000 Boston Elevated 4p£s 25.000 Boston & Maine 4s 15.000 Boston Elevated 5s 51.000 C., B. & Q. 3P£s 50.000 Boston & Northern 4s 10.000 C., B. & Q. 4s 11.000 Mari. & Westborough 5s 25.000 Chic., Mil. & Puget 8. 4s 50.000 Old Colony 4s 25.000 Chic., Mil. & St. Paul 4s 25.000 Springfield 4s 65.000 Chic., Mil. & St. Paul 4p£s 80.000 West End 4s 15.000 Cb., Rock Is. & Pac. 4s 10.000 West End 4p£s 20.000 Connecticut River 6s, notes 87.000 West End 5s 7.000 Fitchburg 3p£s 40.000 West End 7s 9.000 Fitchburg 4s 9.000 Worcester Consol. 5s 5.000 Fitchburg 4p£s 3.000 Worcester & Holden 5s 125.000 Illinois Central 3p£s 14.000 Worc. & Southbridge 4J£s 150.000 Illinois Central 4s 25.000 Lake Shore & Mich. So. 4s 15.000 Minn., St. P. & S. St. M. 4s 101.000 N. Y. C. & H. R. 4s 10.000 N. Y. C. & H. R. 4Ks 30.000 N. Y., N. H. & H. 4s 25.000 N. Y. & Putnam 4s 10.000 Portland & Ogdensburg 4J^s Bank Stocks. 20.000 Southern Pacific 4s Shs. 6.000 St. Paul, Minn. & Man. 4s 100 Harvard Tr. Co., Cambridge 25.000 Troy & Boston 7s 54 REPO RT OF THE [Pub. Doc. CANTON INSTITUTION FOR SAVINGS, CANTON. 576-580 W ASHINGTON STREET. Incorporated March 4, 1835. Number of corporators, 34; number of trustees, 14. F r a n c is D . D u n b a r , President. W a l t e r A m e s , Treasurer. H e r b e r t L . F e n n o , Clerk o f the Corporation. Board o f Trustees: W a l t e r A m e s , H . F . B u s w e l l , G . H . C a p e n , J. H . D r a p e r , F . D . D u n b a r , H . L . F e n n o , A . E . F r e n c h , C . H . F r e n c h , I. C . H o r t o n , J. P . L y n c h , E . H . R . R e v e r e , W . B . R e v e r e , F . W . S u m n e r , G il b e r t T o l m a n . Board of Investment: Auditing Committee: F. D . D u n b a r , E . H . R . R e v e r e , H . F . B u s w e l l , G il b e r t T o l m a n , W . B. R evere. F. D . D u n b a r , F . W . S u m n e r , J. P. L y n c h . Deposits draw interest from first day of January, April, July and October; dividends are payable first Tuesday of April and October. Business hours: 8 a .m . to 12 m .; 1.30 to 4 p .m .; Saturdays, 8 a .m . to 12 m .; also M onday evenings, 7 to 8.30, for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . Railroad bonds and notes . . . . . . . Street railway bonds . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . Stocks of banks and trust companies . . . . . 193 loans on real estate {average o f each, $2,881.68) . . . 8 loans on personal security . . . . . . Real estate by foreclosure, etc. (assessed value, <g33,4.00) . . Taxes, insurance, etc., paid on mortgaged properties . . Deposits in national banks or trust companies . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . . . . . . . . . . $94,957 50 256,562 50 43,825 00 18,817 50 5,300 00 556,165 00 77,500 00 27,481 11 687 34 12,108 83 1,235 77 . $1,094,640 55 Liabilities. Due depositors on 2,948 accounts, averaging $337.20 each $994,093 25 (.Accounts opened during year, 216; closed, 325; decrease, 109) Surplus: — o. Guaranty fund (5.05% of deposits; increase during year, none) b. Profit and loss (decrease during year, $1,937.60) Current income: — Interest . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 50,208 00 40,318 75 $3,297 84 656 29 2,641 55 7,379 00 . $1,094,640 55 55 BAN K COMMISSIONER, No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $1,870.51 $ 2 ,234.30 $ 5 95 .83 Cost per $1,000 of assets 1 .7 0 2 .0 4 .5 4 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. $ 1 67 .80 .15 $ 1 ,091.13 .99 Total. $5,959.57 5 .4 2 3 .1 8 Gross income received during the year, $49,998.54. Rates on Investments and Loans (Average on All, 4.99%). ■ Real estate loans (average rate, 5.29 per cent.): 5% , $275,850; 5 )^ % , $228,890; 6% , $51,425. Personal loans (average rate, 6 per cent.): 6% , $77,500. Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 3A%> $31,000; 4% , $265,000; 4 M % . $24,970; 4 ^ % , $62,000; 5% , $40,000; 8% , $800; 20% , $4,500. Number of loans not over $3,000 each, 129, amounting to $208,140. 4 real estate loans made during year, amounting to $18,700. Dividends, Deposits and Withdrawals. $19,086 19,065 2,383 127,332 Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 % Extra dividends declared during year, Oct., 1918, M % Number of deposits during year, 2,122, amounting to Number of-withdrawals during year, 1,867, amounting to . . . . . 87 61 20 05 $167,867 73 168,123 37 $255 64 N et decrease in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $17,000 U. S. Cert. of Indebt. 4Ms 5.000 United States 3b£s 24,970 United States 4J^s 10.000 Massachusetts 4s 10.000 Los Angeles, Cal., 4As 5.000 Milwaukee, Wis., i}4s 5.000 Omaha, Neb., 4J^s 18.000 Canton 4s Railroad Bonds. $5,000 Baltimore & Ohio 4s 20.000 Baltimore & Ohio 5s 5.000 Boston & Albany 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $20,000 Boston & Lowell 4s 30.000 Boston & Maine 4s 10.000 C., B. & Q. 5.000 C., B. & Q. 4s 10.000 Concord & Montreal 4s 10.000 Delaware & Hudson 4s 21.000 Fitchburg 4s 5.000 Fitchburg 4As 16.000 Illinois Central 3J^s 20.000 Me. Cent. A E. & N. A. 4s 15.000 Minn., St. P. & Sit. St. M. 4s 15.000 N. Y. C. & H. R. 4s 25.000 N. Y., N. H. & H. 4s 10.000 No. Maine Seaport 5s 20.000 Old Colony 4s Street Railway Bonds. Par Value. $15,000 Boston Elevated 4A$ 15.000 Boston & Northern 4s 5,000 West End 4As 10.000 Worcester Consolidated 5s Bank Stocks. Shs. 45 First NI. Bk., Boston 8 Webster & Atlas NI. Bk., Boston RE PO R T OF THE 56 [Pub. Doc. * CAPE ANN SAVINGS BANK, GLOUCESTER. 109 M AIN STREET. Incorporated April 15, 1846. Number of corporators, 49; number of trustees, 11. L in c o l n S. S im o n d s , President. G e o r g e W . T h u r s t o n , Clerk o f the Corporation. D a n ie l T . B a b s o n , Treasurer. C o n r a d R . H a n s o n , Assistant Treasurer. Board of Trustees: D . T . B a b s o n , E . W . B a b s o n , F. A . B a r k e r , S. P . F. C o o k , E . S. G r if f i n , F. C . P e a r c e , G . H . P e r k in s , J. J. P e w , E . L. P h il l ip s , L. S. S im o n d s , F. S. T h o m p so n . Board o f Investment: F. A . B a r k e r , J. J. P e w , S. P. F. C o o k , E . L. P h il l ip s , D . T . B a b s o n . Auditing Committee: L . S. S im o n d s , F . S. T h o m p so n , E . L. P h il l ip s . Deposits draw interest from third business day immediately following first day of January, April, July and October; dividends are payable M a y 1 and November 1. Business hours: 9 a .m . to 3 p .m .; also Saturdays, 6.30 to 8.30 p .m . for deposits only. During August, close 1 p.M. STATEMENT OF CONDITION, OCTOBER 31, 1318. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Stocks of banks and trust companies . . . 667 loans on real estate (average of each, $2,665.52) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,705,460 59 932 00 ------------------------. . . 128 loans on personal security . . . . . . . Bank building and fixtures ( estimated value, $60,000; assessed value, $60,000) Real estate b y foreclosure, etc. (assessed value, $62,ISO) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . W a r savings stamps and thrift stamps . . . . . . . . Liberty Loan Bonds, balance due from subscribers . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T otal Assets . . . . . . . . . $375,250 443,943 103,000 45,344 00 75 00 66 1,704,528 940,316 25,000 32,535 479 177 163,253 77,200 11,142 59 02 00 79 52 41 35 13 34 . $3,922,171 56 Liabilities. Due depositors on 9,510 accounts, averaging $355.82 each . $3,383,864 14 (Accounts opened during year, 878; closed, 909; decrease, 81) Surplus: — a. Guaranty fund (5.01% of deposits; increase during year, 85,000) h. Profit and loss (increase during year, $3,971.89) Current income: — Interest . ^ . Less current expenses not charged off . . . . Unearned discount . . . . . . . Deposits or installments received on sales of Liberty Loan Suspense account . . . . . . . D ue on foreclosure sales . . . . . . Bills payable . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . Bonds . . . . T otal Liabilities . 169,485 07 175,215 30 $23,536 25 1,129 15 22,407 16,935 67,424 5,840 249 80,750 10 36 65 11 83 00 . $3,922,171 56 BAN K COMMISSIONER. No. 8.] 57 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 5 ,511.66 $11,247 .30 Cost per $1,000 of assets 1 .4 0 2 .8 7 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $970.81 .25 $4,128.82 1 .0 5 $21,858 .59 5 .5 7 4 .1 7 . Gross income received during the year, $192,892.15. Rates on Investments and Loans (Average on All, 5.50%). Real estate loans (average rate, 5.60 per cent.): 4 % , $55,300; 5% , $513,626.50; 5J^%, $99,600; 6% , $1,036,002.09. Personal loans (average rate, 5.81 per cent.): 4 M % , $80,750; 5% , $27,120; 5J^%, $47,227.05; 5 % % , $10,000; 6% , $720,218.97; 6 M % . $55,000. Bonds, stocks, etc. (average rate on amounts invested, 5.01 per cent.): 3H % > $36,000; 4 % , $190,000; 4 M % , $62,000; 4J^% , $223,250; 4.80% , $10,000; 4 .90% , $10,000; 5% , $184,000; 5.05% , $10,000; 5.30% , $10,000; 5 V2% , $35,000; 5.55% , $20,000; 6% , $142,700; 7% , $6,100; 8% , $1,600; 10% , $14,200; 12% , $10,000; 20% , $5,000. Number of loans not over $3,000 each, 615, amounting to $642,894.06. 44 real estate loans made during year, amounting to $97,650. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 % Extra dividends declared during year, April, 1918, ]/i% Oct., 1918, y2% Number of deposits during year, 10,127, amounting to $61,519 62,984 7,689 15,746 622,362 16 89 89 22 56 $770,302 72 625,340 65 Number of withdrawals during year, 9,102, amounting to N et increase in amount due depositors $144,962 07 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $20,000 United States 4J4s 125,000 U. S. Cert, of Indebted. 4J^s 5.000 Essex County 4s 10.000 Akron, 0., 5}4s 6.000 Albina, Ore., 6s 10.000 Canton, 0., 5J^s 10.000 Cleveland 5s 10.000 Dayton, O., 5s 15.000 Decatur, 111., 5s 4.000 E. Providence, R. I., 4s 15.000 Lakewood, 0., 5}4s 2.000 Medford 4s 5.000 Minneapolis, Minn., 4s 10.000 New Bedford 5s 10.000 Omaha, Neb., 4J^s 2.000 Portland, Ore., 5s 3.000 Racine, Wis., 4J^s 4.000 Springfield, 0., 5s 5.000 Youngstown, 0., 4J^s 3.000 Belmont -4s 2,500 E. Longmeadow 4}4s 4.000 Franklin 4s 5.000 Palmer 4Ms Public Funds, Notes. $20,000 Andover 414b 10.000 Canton 4.90% 1,750 Carver 5s 7.000 Everett 4 14s 1.000 Gardner 4J^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $20,000 Norwood 5.55% 10.000 Rockport 5.30% 10.000 Salem 4.80% 10.000 Wrentham 5.05% Railroad Bonds. $10,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4J^s 20.000 Baltimore & Ohio 5s 50.000 Boston & Albany 4s 5.000 Central R.R. of N. J. 5s 10.000 C., B. & Q. zy2s 12.000 Chic., Mil. & St. Paul 5s 17.000 Chi., Mil. & St. Paul 6s 20.000 Chi., St. P., Minn. & Oma. 6s 10.000 Fre., Elk. & Mo. Val. 6s 10.000 Holyoke & Westfield 4L£s 2.000 Huntington & Big Sandy 6s 22.000 Illinois Central 4s 10.000 Lake Shore & Mich. So. 4s 10.000 Louisville & Nashville 5s 5.000 Louisville & Nash' ille 6s 20.000 Maine Central 4}^s 3.000 Mich. C., Det. & Bay C. 5s 10.000 Mil., L. Shore & West. 6s 10.000 Mil., Sparta & Northwest. 4s 10.000 Mobile & Ohio 6s 10.000 Montana Central 6s 20.000 N. Y. C. & H. R. 4s 25.000 N. Y., N. H. & H. 3}/2s 10.000 Norfolk & Western 6s Par Value. $1Q,000 Northern Maine Seaport 5s 5.000 Pennsylvania 4J£s 10.000 Pensacola & Atlantic 6s 5.000 Philadelphia & Erie 6s 1.000 Ports., Gt. Falls & Con. 4}4s 8.000 Rome, Wat. & Ogdens. 5s 10.000 San Fran. & San Joaq. V.'5s 5.000 Spokane Falls & North. 6s 10.000 Southern Pacific 4s 10.000 St. Johns. & Lake Cham. 5s 11.000 St. Paul & North. Pacific 6s 10.000 St. Paul & Sioux City 6s Street Railway Bonds. $10,000 Boston Elevated 4s 25.000 Boston Elevated 5s 25.000 Boston & Northern 4s 10.000 Lynn & Boston 5s 10.000 Western Mass. 5s 25.000 Worcester Cons. 4}^s Bank Stocks. Shs. 100 Merchants Nl. Bk., Boston 50 Second Nl. Bk., Boston 142 Nl. Shawmut Bk., Boston 25 Old Boston Nl. Bk., Boston 16 Webster & Atlas Nl. Bk., Boston 61 Cape Ann Nl. Bk., Gloucester 17 Gloucester Nl. Bk. [Pub. Doc. REPO RT OF THE 58 CAPE COD FIVE CENTS SAVINGS BANK, HARWICH. Incorporated March 16, 1855. O l iv e r E . E President. , l d r e d g e Jo Board of Trustees: W. M Z. H . . K Sm Jo sh u a n o w l e s a l l , A. Number of corporators, 36; number of trustees, 14. , G . C . Sn C R se ph K . r o w e l l H. o w Board of Investment: A . C . N , Sn R , O . E . E ic k e r s o n R. H. o w , Sn O. K Auditing Committee: A. C. S o b b in s n o w , J. A. , o w E . l d r e d g e 2d, , E N J. D . L. , , C A. Y y r e n u s N o u n g , Jo Sm ic k e r s o n , J. E l l is ic k e r s o n Z. H . l d r e d g e n o w l e s H . a lp h Sn o w Treasurer. , Clerk o f the Corporation. , , Jo h n H. P F . K e n r ic k e r r y , J. , C . S. K K . e n t , R o b b in s , , W. . K h n a l l K. , R e n r ic k , J C o sh u a r o w e l l M. . o b b in s . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable second Wednesday of April and October. Business hours: 9 a .m . to 1 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . • . Stocks of banks and trust companies . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 416 loans on real estate {average of each, $1,532.89) . . . . . . 62 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $4.000; assessed value, $12,100) Real estate by foreclosure, etc. (assessed value, $25,800) . . . . . Deposits in national banks or trust companies . . . . . . Cash . . . . . . . . . . . . • Total Assets . . . . . . . . . . . . . . . . . .. . . . $39,500 490,095 44,906 22,700 11,200 100 637,682 358,776 14,500 22,881 18,000 3,537 00 00 25 00 00 00 03 45 00 74 00 25 $1,663,878 72 Liabilities. Due depositors on 4,230 accounts, averaging $355.40 each $1,503,374 02 (Accounts opened during year, 309; closed, 356; decrease, 41) Surplus: — a. Guaranty fund (5.03% of deposits; increase during year, none) b. Profit and loss (decrease during year, $3,992.08) Current income: — Interest . . . Less current expenses not charged off . . . . Unearned discount . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . T otal Liabilities . . 75,700 00 75,654 49 $4,336 60 267 98 4,068 62 5,081 59 . $1,663,878 72 No. 8.] BANK COMMISSIONER, 59 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $ 4 ,129.50 $4 ,8 1 8 .0 5 Cost per $1,000 of assets 3 .3 6 2 .8 9 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $ 3 8 .0 0 $1,371.43 $10,356 .98 .0 2 .8 2 , 7 .0 9 ............................................... 3 .7 3 Gross income received during the year, $77,426.97. Rates on Investments and Loans (Average on All, 5.27%). Real estate loans (average rate, 5.89 per cent.): 5% , $65,975; 514%, 83,750; 5 4 % , $20,000; 6% , $540 457.53; 7% , $7,499.50. Personal loans (average rate, 6.01 per cent.): 6% , $333,776.45; 614, $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.18 per cent.): 3 4 % , $60,000; 4 % , $446 0 0 0 ’ 414%). $20,000; 4 4 % , $50,000; $5,000; 12% , $1,200. 5% , $14,500; 5 4 % , $15,000; 6% , $3,800; 7 % , $1,200; 9%,’ Number of loans not over $3,000 each, 409, amounting to $263,691.18. 57 real estate loans made during year, amounting to $55,539. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 4 % . . . . . Oct., 1918, 2 4 % ............................................... Number of deposits during year, 2,162, amounting to . . . . . Number of withdrawals during year, 2,796, amounting to N et decrease in amount due depositors . . . . . . . . . . . $32,443 13 32,137 99 195,837 22 . $260,418 34 264,850 54 . $4,432 20 SCHEDULE OF SECURITIES OWNED. Public Funds, Notes. Par Value. $20,090 United States 4 4 s 300 Chatham 5s 10.000 Chatham 54 s 4,200 Harwich 5s 5,000 Harwich 5 4 s Railroad Bonds. $10,000 Baltimore & Ohio 5s 65.000 Boston & Albany 4s 100,000 Boston & Maine 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $70,000 Chic. & Northw. 4s 10.000 C., B. & Q. 4s 20.000 Conn. & Pass. Rivers 4s 10.000 Illinois Central 3 4 s 15.000 Maine Central 4 4 s 25.000 Minn., St. P. & Sit. St. M. 4s 50.000 N. Y., N. H. & H. 3 4 s 55.000 N. Y., N. H. & H. 4s 21.000 Old Colony 4s 20.000 Pitts., Va. & Charleston 4s 10.000 Portland Terminal Co. 4s 15.000 Vermont Valley 4 4 s Street Railway Bonds. Par Value. $25,000 Boston Elevated 4s 20,000 Worcester Consolidated 4 4 s Bank Stocks. Shs. 50 Fourth-Atlantic Nl. Bk., Boston 12 Merchants Nl. Bk., Boston 38 Cape Cod Nl. Bk., Harwich 12 First Nl. Bk., Yarmouthport 60 REPO RT OF THE [Pub. Doc, CENTRAL SAVINGS BANK, LOWELL. 58 CENTRAL STREET. Incorporated March 3, 1871. H a r o ld D . Number of corporators, 49; number of trustees, 25. M a c d o n a l d , Clerk o f the Corporation. Board of Trustees: H . W . B a e n e s , D . M . C a m e r o n , E . G. D u m a s , H . E . F l e t c h e r , L e o n c e L . F o r t i n , H . H . H a r r i s , G. L. H u n t o o n , H . A . K i n g , J. E . L a m o u r e u x , C. S. L i l l e y , P. S. M a r d e n , G . F. M a r t i n , A . J. M u r k l a n d , A . G. P o l l a r d , H . G. P o l l a r d , A m a s a P r a t t , M . H . P r a t t , A . D . P r i n c e , W . T . S h e p p a r d , F. K . S t e a r n s , P. F. S u l l i v a n , L . T . T r u l l , E . H . W a l k e r , F. N . W i e r . W . E. H a l l , Board o f Investment: G. P o l la r d Auditing Committee: H . W . B a r n e s A . , , A m a sa F. K . r a t t , W . E. H a l l e a r n s , H . G. P o l l a r d P St , H. W . B a r n e s . . Deposits draw interest from first Saturday of February, M ay, August and November; dividends are payable first Saturday of M ay and November. Business hours: 9 a . m . to 1 p . m . ; also Saturdays, 7 to 9 p .m . i STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 1,316 loans on real estate {average o f each, $2,622.13) . . . . . . 67 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $4-0,000; assessed value, S37,600 ) . Real estate by foreclosure, etc. (assessed value, $47,400) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ..................................................................... Total Assets . . . . $1,632,676 763,216 91,580 116,875 7,300 3,450,721 701,313 35,000 30,488 1,076 383 207,858 7,461 00 00 00 00 00 00 00 00 74 40 99 70 40 . . . . . $7,045,950 23 . . . . . $6,433,827 83 Liabilities. Due depositors on 17,636 accounts, averaging $364.81 each {Accounts opened during year, 1,947; closed, 2,332; decrease, 385) Surplus: — a. Guaranty fund {5.13% of deposits; increase during year, $3,000) . b. Profit and loss {increase during year, $19,757.63) . . . . . Current income: — Interest . . . . . . . . . . . . Unearned discount . . . . . . 1 . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . ^Reserved for dividend . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . . . . . . . 330,000 00 124,493 98 1,611 7,711 10,303 138,002 06 72 50 14 . $7,045,950 23 61 BAN K COMMISSIONER No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Other Expenses. Total. $3,972.25 .56 $30,333 .99 4 .3 0 2 .7 2 $2 0 8 .4 0 .03 Am ount paid for $9,170.01 $14,983 .33 $2,000.00 Cost per $1,000 of assets 1 .3 0 2 .1 3 .2 8 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $336,817.60. Rates on Investments and Loans (Average on All, 5.25%). Real estate loans (average rate, 5.87 per cent.): 4 % , $6,900; 4bb%, $68,800; 5 % , $280,030; 5bb%, $86,375; 6% , $3,008,616. Personal loans (average rate, 6 per cent.) : 5Jb%. $5,500; 6% , $670,813; GM%< $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cent.): 3Hi%, $306,000; 4% , $1,250,264; 4 M % . $448,072; 4 y2% , $402,578; 4 M % , $10,840; 5% , $69,000; 5.15% , $15,000; 5.20% , $30,000; 5 M % . $45,000; 5.35% , $25,000; 5 A % , $8,000; 5 % % , $25,000; 8% , $7,300. Number of loans not over $3,000 each, 1,047, amounting to $1,565,694.. 19 real estate loans made during year, amounting to $72,550. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: N o v ., 1917, 2 % . . . . . M a y , 1918, 2 b £ % .............................................. Number of deposits during year, 21,153, amounting to . . . . . Number of withdrawals during year, 13,270, amounting to N et decrease in amount due depositors . . . . . . . . . $1,166,696 74 1,312,080 41 . . $126,459 79 138,517 32 901,719 63 . $145,383 67 SCHEDULE OF SECURITIES OWNED. Par Value. Par Value. Public Funds, Bonds. $8,000 Boston & Lowell 4s $3,000 Watertown 4s Par Value. 65.000 Boston & Maine 4s 12.000 Winchester 3His $200,000 U. S. Certs, of Indebted. 4Jbs 35.000 Boston & Maine 4lbs 51.000 North Chelmsford (F. D.) 4s 434,900 United States 4his 10.000 B. & N. Y. Air Line 4s 65.000 Massachusetts 3 His 25.000 C., B. & Q. ZV2a 25.000 Augusta, Me., 4s Public Funds, Notes. 10.000 Chi., Mil. & St. Paul 4s 27.000 Boston 3His $25,000 Barnstable 5Hp3 30.000 Chi., Mil. & St. Paul 4bbs 40.000 Boston 4s 30.000 Brockton 5.20% 25.000 Cleveland & Pitts. 3His 10.000 Boston 4bis 1,914 Everett 4s 10.000 Concord & Montreal 4s 1.000 Brockton 4s 15.000 Leominster 5.15% 82.000 Fitchburg 4s 10.000 Cambridge 4s 25.000 Pittsfield 5.35% 15.000 Lake Shore & Mich. So. 4s 19.500 Fall River 4s 1.000 Billerica 4s 25.000 Maine Central 4His 10.000 Holyoke 4s 58,500 Chelmsford 4s 10.000 Min., St. P. & Sit. St. M . 4s 168,050 Lowell 4s 5,250 Chelmsford 4b£s 55.000 New England R.R. 4s 1,750 Lowell 4b£s 2.000 Chelmsford 4Aa 100,000 N. Y., N. H. & H. 4s 3.000 Lynn 3His 9,840 Chelmsford 4%8 20.000 Northern Pacific 4s 3.000 Lynn 4s 20.000 Chelmsford 5s 25.000 Old Colony 3His 15.000 New Bedford 3bbs 8.000 Chelmsford 5b£s 75.000 Old Colony 4s 7.000 New Bedford 4s , 8,000 Chelmsford 5Jbs 35.000 Pennsylvania 4bbs 20,()00 Pittsfield 3Hs 9.000 Dracut 4s 30.000 Portland & R. Falls 4s 3.000 Providence, R. I., 4s 4.000 Dracut 5s 1.000 P., Gt. Falls & Con. 4His 3.000 Taunton 3His 15.000 Dracut 5bis 5.000 Rome, W. & Ogdensburg 5s 22.000 Billerica 3H>s 750 Dunstable 4HSs 10.000 St. Paul, Minn. & Man. 4Jbs 96.500 Billerica 4s 10.000 Framingham 5}4a 25.000 Washington Co. 3bbs 32.000 Billerica 4His 3.000 Mansfield 4s 2.000 Boothbay Harbor, Me., 4s 4,500 Revere 4s 7.000 Clinton ZlA s 1.000 Tewksbury 4s Street Railway Bonds. 1.000 Dedham 3His 1.000 Tewksbury 4%s $50,000 Boston Elevated 4s 6.000 Framingham 3Jbs 20.000 Tewksbury 5s 20.000 West End 5s 3.000 Ipswich 4s 12.000 Tewksbury 5}4,a 24.000 Worcester & Southb. 4His 17.000 Methuen 4s 10.000 Milton ZAa Railroad Bonds. 2.000 Needham 4s Bank Stocks. $15,000 Atch., Top. & Santa FA 4s 5,300 North Attleborough 4s Shs. 20.000 Baltimore & Ohio 4s 5.000 Revere 3His 73 Union Nl. Bk., Lowell 10.000 Boston & Albany 3His 4.000 Stoughton 4}bs https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 62 R E PO R T OF THE [Pub. Doc. CHARLESTOWN FIVE CENTS SAVINGS BANK, BOSTON. THOM PSON SQUARE (CHARLESTOWN DISTRICT). Incorporated April 7, 1854. W il l ia m P . H a s t , President. Number of corporators, 41; number of trustees, 21. G e o r g e P . N a s o n , Treasurer. F r e d E . C o a t e s , Clerk o f the Corporation. Board o f Trustees: C. V. B l a n c h a r d , J. F . B r ir y , M . E . S. C l e m o n s , F r a n k D o w , A . A . F a l e s , C . A . G r im m o n s , S. T . H a r r is , W . P . H a r t , C . B . J o p p , L e s l ie L a n g il l , F . B . L a w l e r , F r a n c is L e w i s , A . V . L in c o l n , G. P. N a s o n , F. V . N o y e s , A . W . P a t c h , J a m e s S o l o m o n t , W . W . S t o v e r , E . L . S w e e t s e r , J. F . W e l l in g t o n , W . E . W h i t e . Board o f Investment: W . P. H a r t , C. B . J o p p , A . A . F a l e s , S. T . H a r r is , J a m e s S o l o m o n t . Auditing Committee: J. F. W e l l in g t o n . A . W . P a t c h , C . A . G r im m o n s . M. E. S. F. C lem o n s, V. N oyes, Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of April and October. Business hours: 9 a . m . to 2 p .m .; Saturdays, 9 a .m . to 12 m .; also Wednesdays, 3 to 5 p .m .; and Mondays, for deposits only, 6.30 to 8.30 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . Railroad bonds and notes . . . . . ............................................... Street railway bonds . . . . . . . . . . Boston Terminal Co. bonds . . . . . ........................................................... American Tel. & Tel. Co. bonds . ............................................... Stocks of banks and trust companies .......................................................... Securities acquired in settlement of indebtedness .......................................................... 1,375 loans on real estate (average o f each, $6,767.15) . 284 loans on personal security . . . . .......................................................... Bank building and fixtures (estimated value, $80,000; assessed value, $85,000) . . Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . . . Deposits in national banks or trust companies .......................................................... Cash and cash items . . . . . . .......................................................... Total Assets $3,441,337 1,619,273 398,197 46,669 243,926 193,001 16,950 9,304,837 4,468,860 70,000 227 500 604,804 21,946 46 10 15 95 25 00 00 07 69 00 00 00 31 39 . $20,430,530 37 Liabilities. Due depositors on 37,696 accounts, averaging $494.31 each . $18,633,687 42 (Accounts opened during year, 10,919; closed, 7,460; increase, 3,459) Surplus: — a. Guaranty fund (4-66% of deposits; increase during year, $77,000) b. Profit and loss (increase during year, $SO,584.51) . Current income: — o. I n t e r e s t ...................................................................... $67,185 84 b. R ent . . . . . . 928 49 915,000 00 725,604 33 $68,114 33 Less current expenses not charged off . Less State or local taxes not charged off . . . $3,466 47 1,802 00 Unearned discount . . . Deposits or installments received on sales of Liberty Loan Bonds Suspense account . . . . . . . . 5,268 47 --------------- Total Liabilities . 62,845 82,617 9,839 936 86 05 48 23 . $20,430,530 37 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Amount'paid for $18,216 .43 $30,8 4 0 .5 7 $2,5 0 0 .0 0 $2,129.61 Cost per $1,000 of assets .90 1 .5 1 .12 .10 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $1,040,276.96. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other Expenses. Total. $ 5 ,9 7 2 .8 6 .29 $ 5 9,659 .47 2 .9 2 1 .9 0 ( No. 8.] BANK COMMISSIONER. 63 Bates on Investments and Loans (Average on All, 5.40%). Real estate loans (average rate, 5.37 per cent.): 4% , $50,000; 4.50% , $687,225; 4.75% , $365,000; 5% , $3,530,205.82; 5.25% , $24,950; 5.50% , $1,379,582.50; 5.75% , $12,500; 6% , $3,255,373.75. Personal loans (average rate, 6.34 per cent.): 4.25% , $275; 5% , $83,720; 5.125% , $12,000; 5.25% , $53,000; 5.50% , $56,400; 6% , $1,531,623.19; $50,000; 7% , $709,900; 7.50% , $8,500. 6.25% , $228,000; 6.50% , $1,735,442.50; 6.75% , Bonds stocks, etc. (average rate on amounts invested, 4.74 per cent.): 3.50% , $78,600; 4% , $2,016,860; 4 25 %, $1,307,000; 4.50% , $1,319,000; 4.55% , $10,000; 4.60% , $9,000; 4.625% , $10,000; 4.75% , $2 000; 5% , $466,500; 5.25% , $70,000; 5.55% , $55,000; 5.725% , $250,000; 5.73% , $175,000; 5.75% , $100,000; 6% , $28,340; 7% , $25,000; 8% , $72,800; 10% , $18,000; 12% , $43,400; 16%, $2,400; 20% , $30,700. Number of loans not over $3,000 each, 860, amounting to $1,346,412.69. 44 real estate loans made during year, amounting to $469,050. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 % Extra dividends declared during year, April, 1918, Mi% O ct., 1918, V2% Number of deposits during year, 93,187, amounting to . . . . . ............................................... . . . . . ............................................... . . . . . Number of withdrawals during year, 29,962, amounting to . N et increase in amount due depositors . . . . . . . . . $326,498 346,759 81,666 86,727 3,668,086 14 21 08 83 16 . $4,509,737 42 2,671,494 40 . $1,838,243 02 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $200,000 U. S. Certs, of Indebt. 4J^s 21,600 United States 3^8 1,184,500 United States 4J^s 372.000 Massachusetts 4s 204.000 Boston 4s 50.000 Boston 4}4s 9,500 Cambridge 4s 20.000 Chelsea 4s 2.000 Chicopee 4s 10.000 Fall River 4s 25.000 Lynn 4s 2.000 Malden 4s 19.000 Melrose 4s 45.000 New Bedford 4s 47.000 New Bedford 4)4s 10.000 New Bedford 4 Mis 9.000 Omaha, Neb., 4Mis 25.000 Pittsfield 4s 1.000 Providence, R. I., 4s 24.000 Salem 4s 15.000 Somerville 4s 1.000 Worcester 4s 18.000 Amherst 4s 5.000 Billerica 4s 14.000 Dartmouth 4s 18.000 East Longmeadow 4Mis 1.000 Longmeadow 4}^s 18.000 Maynard 4J^s 7.000 Nantucket 5s • 3,200 Russell 4s 1.000 Saugus 4Mis 4.000 South Hadley 4s Public Funds, Notes. $8,000 Plymouth County 4s 40.000 Plymouth County 5.25% 250,000 Chelsea 5.725% 50.000 Gloucester 4Mis 30.000 Gloucester 5Mis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $175,000 Northampton 5.73% 66,500 Revere 4s 15.000 Revere 4Mis 95.000 Revere 4L£s 10.000 Revere 4%s 30.000 Revere 5.55% 4.500 Acushnet 4Ms 1.000 Acushnet 5s 7.500 Adams 4s 4.000 Agawam 4.60% 30.000 Arlington 5.75% 2.000 Colrain 4s 2.000 Deerfield 4s 8.000 Duxbury 4Mis 2.000 Hardwick 4s 22.000 Hatfield 4)^s 25.000 Holbrook 5.55% 14,300 Hull 4s 8.000 Hull 4Hs 10.000 Hull 4.55% 19.000 Ipswich 4s 20.000 Longmeadow 4b£s 5.000 Longmeadow 4.60% 1.000 Medfield 4s 70.000 Needham 5.75% 6.000 Reading 5s 2,640 Reading 6s 1,200 Walpole 4s 6.000 Walpole 4Ms 660 Ware 4s 9.000 Wareham 4s 6.000 Whately 4s 2.000 Winthrop 4%s Railroad Bonds. $75,000 Baltimore & Ohio 4s 125.000 Baltimore & Ohio 4b^s 67.000 Baltimore & Ohio 5s 20.000 Boston & Maine 4s 280.000 Boston & Maine 4Mis Par Value. $15,000 Boston, Rev.B. & Lynn 4h£s 100.000 Chic., Mil. & St. Paul 4s 100.000 Chic., Mil. & St. Paul 4Mis 25.000 Concord & Montreal 4s 78.000 Fitchburg 4s 150.000 Fitchburg 4Mis 200.000 Illinois Central 4s 64.000 Louisville & Nashville 5s 163.000 Maine Central 4Mis 96.000 N. Y. C. & H. R. 4s 135.000 N. Y., N. H. & H. 4s Street Railway Bonds. $5,000 Boston Elevated 4s 175.000 Boston Elevated 5s 55.000 West End 4s 26.000 West End 4b£s 144.000 West End 5s Bank Stocks. Shs. 12 Andover Nl. Bank 300 Beacon Tr. Co., Boston 145 Boylston Nl. Bk., Boston 150 Commonwealth Tr. Co., Boston 275 Eliot Nl. Bk., Boston 307 First Nl. Bk., Boston 27 Market Trust Co., Boston 100 Massachusetts Tr. Co., Boston 100 Merchants Nl. Bk., Boston 40 Metropolitan Tr. Co., Boston 130 Nl. Shawmut Bank, Boston 24 Second Nl. Bk., Boston 111 Webster & Atlas Nl. Bk., Boston 375 Home Nl. Bk., Brockton 25 Union Nl. Bk., Lowell 50 Essex Tr. Co., Lynn 34 Blue Hill Nl. Bk., Milton 64 REPO RT OF THE [Pub. Doc. CHELSEA SAVINGS BANK, CHELSEA. 267 BR OADW AY. Incorporated April 29, 1854. Number of corporators, 103; number of trustees, 28. E d w in R . H o a g , President. R a l p h W . E . H o p p e r , Clerk o f the Corporation. W il l ia m B . D e n is o n , Treasurer. E d w in H . C u r r y , Assistant Treasurer. Board o f Trustees: I . F . A t w o o d , W . A . B a s t o n , A . T . C o l l ie r , E . H . C u r r y , C . N . C u t l e r , W . B. D e n is o n , G. H . D u n h a m , S. P. G a t e s , C. W . G o u l d , W il l ia m G r a n t m a n , A . S. H a r r is , J. S. H a r r o w e r , E . R . H o a g , R . W . E . H o p p e r , F . W . K im b a l l , S. J. L it t l e f ie l d , W . L. M a r t i n , W . E . M c C l in t o c k , O t is M e r r ia m , W . C. M it c h e l l , W . J. M u r d o c k , P. J. M u r r a y , J. M . P u t n a m , H . M . R u s s e l l , J. C. S m it h , W . A . S o l e y , H . H . S t ic k n e y , L. K . W a s h b u r n . Board of Investment: E . R . H o a g , A . T . C o l l ie r , W Auditing Committee: il l ia m G r a n t m a n , I. F. A t w o o d , F. W . K im b a l l . G . H . D u n h a m , J. S. H a r r o w e r , W . C . M it c h e l l . Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable the fifteenth day of April and October. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 a .m . to 1 p .m . ; also for deposits only, 4 to 8 p . m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & Tel. Co. bonds Stocks of banks and trust companies 1,670 loans on real estate (average of each, $2,570.i 118 loans on personal security . Bank building and fixtures {estimated value, $86,500; assessed value, $82,200) Real estate by foreclosure, etc. {assessed value, $6,400) W ar savings stamps and thrift stamps . Liberty Loan Bonds, balance due from subscribers . Deposits in national banks or trust companies Cash and cash items . . . . . . Total Assets . . . 11,754,480 1,064,613 177,175 68,177 9,000 4,292,431 1,461,900 26,035 5,098 6,225 128,449 169,410 15,894 . . 00 25 00 50 00 66 00 47 01 07 09 66 91 $9,178,890 62 Liabilities. Due depositors on 23,341 accounts, averaging $355.15 each {Accounts opened during year, 2,913; closed, 2,720; increase, 193) Surplus: — a. Guaranty fund {4.93% o f deposits; increase during year, $19,300) h. Profit and loss {decrease during year, $10,166.32) . . . Current income: — Interest . . . . . . . . . . . Unearned discount . . . . . . . . . ' Due on foreclosure sale . . . . . . . . . Insurance account . . . . . Interest on notes held as collateral . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . $8,289,481 69 . 409,300 00 388,435 28 59,751 31,324 176 325 96 57 51 57 00 00 . $9,178,890 62 BANK COMMISSIONER No. 8.] 65 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Amount paid for $ 9 ,297.76 $21,466 .50 $3,500.00 Cost per $1,000 of assets 1 .0 1 2 .3 3 .38 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $2,618.42 .28 $37,168.38 4 .0 3 2 .6 4 $ 2 85 .70 .03 Gross income received during the year, $451,403.45. Rates on Investments and Loans (Average on All, 5.28%). Real estate loans (average rate, 5.54 per cent.): 5% , $913,906.86; 5J^%, $2,056,214; 6 % , $1,322,310.80. Personal loans (average rate, 5.96 per cent.): 4 M % . $4,880; 5% , $3,530; 5 H % . $118,900; 6 % , $1,279,590; 6 M % , $20,000; &V2% , $35,000. Bonds, stocks, etc. (average rate on amounts invested, 4.59 per cent.): 3J^%, $27,650; 4 % , $741,500; 4h£%. $1,122,250; 4J/£%, $470,000; 5% , $429,000; 5.10% , $107,000; 5 M % . $30,000; 6 % , $207,000; 7 M % . $5,000; 8 % , $1,500; 12% , $2,500. Number of loans not over $3,000 each, 1,153, amounting to $2,001,759.80. 11 real estate loans made during year, amounting to $22,450. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 }4% Oct., 1918, 2 y2% Number of deposits during year, 40,279, amounting to Number of withdrawals during year, 22,822, amounting to $184,102 45 189,663 91 1,833,136 15 . . . . N et increase in amount due depositors $2,206,902 51 1,613,191 85 $593,710 6 6 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $200,000 U. S. Certs, of Indebt. 4p£s 2,650 United States 3}^s 1,120,250 United States 4)^s 7.000 Attleborough 4s 30.000 Boston 4s 2.000 Boston i]4,s 36.000 Brockton 4s 35.000 Chelsea 4s 25.000 Fall River 4s 5.000 Melrose 4s 21.000 Portland, 0., 6s 9.000 Quincy 4s 20.000 Springfield, Mo., 5s 3.000 Abington 4s Public Funds, Notes. $25,000 Essex County 5s 25.000 Everett 5.10% 30.000 Medford 5s 20.000 Revere 5.10% 20.000 Billerica 5s 5.000 Holbrook 5s 15.000 Longmeadow 5s 25.000 Needham 5s 1,500 Sandwich 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $30,000 Shrewsbury 5J4s 12.000 Stoneham 5.10% 50.000 Watertown 5.10% Railroad Bonds. $3,000 Aroostook Northern 5s . 50.000 Atch., Top. & Santa F6 4s 50.000 Baltimore & Ohio 4J^s 5.000 Boston & Albany 4s 30.000 Boston & Albany 5s 8.000 Boston & Maine 4s 55.000 Boston & Maine 4L£s 50.000 Central R.R. of N. J. 5s 50.000 C., B. & Q. 4s 25.000 Chic., Mil. & St. Paul 4}4s 50.000 Chic., Mil. & St. Paul 5s 35.000 Chicago, R. I. & Pacific 4s 28.000 Chi., St. P., Minn. & 0 . 6 s 75.000 Chicago & Northwest. 6 s 24.000 Fitchburg 4s 6.000 Fitchburg 5s 50.000 Illinois Central 4s 40.000 Lake Shore & Mich. So. 4s 50.000 Louisville & Nashville 6 s 50.000 Maine Central 4%s 15.000 Michigan Central 4s Par Value. $25,000 Mil., Sparta & Northw. 4s 35.000 Min., St. P. & Sit. St. M. 4s 25.000 Montana Central 6 s 25.000 N. Y. Cent. & H. Riv. 4s 25.000 N. Y., N. H. & H. 3 ^ s 10.000 No. Maine Seaport 5s 50.000 Northern Pacific 4s 50.000 Old Colony 4s 75.000 Pennsylvania 4)^s 8.000 Pensacola & Atlantic 6s 8.000 Portland Terminal Co. 4s 20.000 Wash. & Columbia Riv. 4s Street Railway Bonds. $15,000 40.000 25.000 25.000 75.000 Boston Elevated 4J^s Boston Elevated 5s Boston & Northern 4s Holyoke 5s West End 5s Bank Stocks. Shs. 25 Merchants Nl. Bk., Boston 50 Chelsea Trust Co. 15 Union Nl. Bk., Lowell 66 REPO RT OF THE [Pub. Doc, CHICOPEE SAVINGS BANK, CHICOPEE. 14 SPRINGFIELD STREET. Incorporated February 27, 1845. Number of corporators, 57; number of trustees, 17. N e ls o n B . C a b t e b , President. ' C h a b l e s J. S e a v e b , Treasurer. W il l ia m F. B o s t w ic k , Clerk o f the Corporation. Board of Trustees: G . A. B l a is d e l l , W . F . B o s t w ic k , N . B. C a b t e b , D . S. C o u b t n e y , C . W . C b e h o b e , F . X . D e b o in , C . J. D b is c o l l , W . J. F u l l e b , E . G . G a y l o b d , J. M . G b is e , J. P . K i e b y , H . A . M o b s e , F . H . N o e t o n , J. L. P e a s e , P . C . P o n d , J. J. S i t n i k , A . H . S m it h . Board of Investment: N . B . C a b t e b , W . J. F u l l e e , E . G . G a y l o b d , P . C . P o n d . Auditing Committee: H . A . M o b s e , J. L. P e a s e , F. H . N o e t o n . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a . m . to 3 p .m .; Saturdays, 9 a .m . to 12.30 p .m .; also Fridays, 6 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. • Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & Tel. Co. bonds Stocks of banks and trust companies 811 loans on real estate {average of each, $2,117.50) 47 loans on personal security Furniture and fixtures . Suspense account W ar savings stamps and thrift stamps Deposits in national banks or trust companies Cash and cash items . . . . 8310,800 512,811 109,225 52,418 14,200 1,717,292 358,051 1,739 6 241 68,553 15,166 00 25 00 75 00 00 43 58 93 40 39 65 Total A s s e t s .......................................... $3,160,506 38 Liabilities. Due depositors on 5,544 accounts, averaging 8520.10 each . . . . . 82,883,441 27 . . 143,100 00 73,603 89 {Accounts opened during year, 678; closed, 748; decrease, 70) Surplus: — a. Guaranty fund {4-96% of deposits; increase during year, $7,300) b. Profit and loss {increase during year, $14,611.07) . . . . Current income; — Interest . . . . . . . . . . Less current expenses not charged off . . . . Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . $18,461 79 2,217 04 16,244 75 7,149 62 36,966 85 . $3,160,506 38 67 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Advertising. Rent. Salaries. $5,252.33 $ 4 20 .00 Amount paid for $ 4 ,897.55 1 .6 6 .13 Cost per $1,000 of assets 1 .5 5 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $1,361.14 .43 $11,980 .89 3 .7 8 $ 4 9 .8 7 .0 1 2 .10 Gross income received during the year, $148,303.17. Rates on Investments and Loans (Average on All, 5.11%). Real estate loans (average rate, 5J^ per cent.): 5J^%, $1,717,292. Personal loans (average rate, 5.92 per cent.): 5% , $8,235; 53dj%, $48,775; 6 % , $276,041.43; 6 M % , $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3Jfj%, $203,550; 4 % , $437,450; 4 ^ % , $182 ,55 0; 4 H % . $146,000; 5% , $25,000; 5 M % , $10,000; 6 % , $6,600; 12% , $5,000. Number of loans not over $3,000 each, 709, amounting to $1,068,152. 15 real estate loans made during year, amounting to $13,200. Dividends, Deposits and Withdrawals. $54,721 64 54,898 22 491,849 43 Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2% Number of deposits during year, 6,223, amounting to Number of withdrawals during year, 4,791, amounting to N et increase in amount due depositors . . . . . . . . . . . . $601,469 29 560,128 90 . $41,340 39 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $13,550 United States 3Hs 1,950 United States 4s 182,550 United States 4)^s 25.000 Boston 4s 6.000 Chicopee 4)^s 15.000 Duluth, Minn., 4)^s 25.000 Los Angeles, Cal., 4}^s 25.000 Omaha, Neb., 4Hs 5.000 San Francisco, Cal., 5s 2,500 Amesbury 4s Public Funds, Notes. $10,000 Brockton 5Ms Railroad Bonds. $10,000 Baltimore & Ohio 3)^s 25.000 Baltimore & Ohio 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Boston & Maine 3Ks 20.000 Boston & Maine 4s 5.000 Boston & Maine 4)^s 38.000 C., B. & Q. 3y2a 10.000 Chic., Mil. & St. Paul 4b£s 10.000 Chic., Mil. & St. Paul 5s 5.000 Chicago & Northwestern 4s 30.000 Chic., R. I. & Pac. 4s 25.000 Conn. River 3J^s 22.000 Conn. River 4s 20.000 Fitchburg 3)^s 25.000 Fitchburg 4s 30.000 Illinois Central 3J^s 39.000 Illinois Central 4s 25.000 Lake Shore & Mich. So. 4s 25.000 Maine Central 4)^s 2.000 Michigan Central 3^£s 5.000 Mich. Cent.-Mich. Air L. 4s 10.000 N. Y. C. & H. R. 4s I40J100 FL Y., N. H. & H. 3 ^ s 45.000 N. Y., N. H. & H. 4s 35.000 Pennsylvania 4J^s Street Railway Bonds $55,000 10.000 30.000 5,000 10.000 Boston Elevated 4s Boston & Northern 4s Springfield 4s West End 4s West End 5s Bank Stocks. Shs. 66 Chapin Nl. Bk., Springfield 50 Union Tr. Co., Springfield 68 REPO RT OF THE [Pub. Doc CHICOPEE FALLS SAVINGS BANK, CHICOPEE FALLS. 91 M AIN STREET. Incorporated M a y 11, 1875. Number of corporators, 43; number of trustees, 20. G e o r g e M . M o r t o n , President. E u g e n e J. O ’ N e il , Clerk o f the Corporation. J o h n B . K n ig h t , Treasurer. M a b e l H o b a r t P a g e , Assistant Treasurer. Board of Trustees: C . W . B r a t , G . W . B r a t , N . P . A . C a r t e r , F . C . F l i n t , L . J. G i b b s , F . L . H in k l e y , W . O. K e n t f ie l d , C . W . K in g , J. B. K n ig h t , L . N . L y o n , A . R . M a r t i n , G . M . M o r t o n , E . J. O ’ N e il , I. H . P a g e , W . S. P a g e , F . E . P a t t e r s o n , A. E . T a y l o r , E . R . T a y l o r , F . S. T a y l o r , F . N . W it h r e l . Board o f Investment: G . M . M o r t o n , F. N . W it h r e l , A . R . M a r t i n , W . S. P a g e . Auditing Committee: F. L. H in k l e y , W . S. P a g e , F . C . F l in t . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a . m . to 3 p . m .; Saturdays, 9 a .m . to 12.30 p .m .; also Thursdays and Saturdays, 6 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel., Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 469 loans on real estate {average of each, $£,741.89) . . . . . . . 68 loans on personal security . . . . . . . . . . Bank building and fixtures {estimated value, $38,000; assessed value, $30,ZOO) . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . $300,650 45 306,695 10 132,331 25 40,273 75 17,100 00 1,285,950 00 134,328 50 35,500 00 547 30 60,821 93 9,878 56 T otal Assets . . . . . $2,324,076 84 Due depositors on 5,280 accounts, averaging $402.29 each . . . . . $2,124,100 54 Liabilities. {Accounts opened during year, 1,075; closed, 1,116; decrease, 41) Surplus: — a. Guaranty fund {4.90% of deposits; increase during year, $9,000) . . . b. Profit and loss {increase during year, $6,696.74) . . . . . . Current income: — a. Interest . . . . . . . $12,489 64 b. Rent . . . . . . . 394 25 ------------------------$12,883 89 Less current expenses not charged off . . . . . 2,759 53 ------------------------Deposits or installments received on sales of Liberty Loan Bonds . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . . . . 104,000 00 47,927 64 10,124 36 37,924 30 $2,324,076 84 69 BAN K COMMISSIONER. No. Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $2 ,9 1 5 .4 3 $ 5 ,541.33 $1,200.00 Cost per $ 1 ,000 of assets 1 .2 5 2 .3 8 .52 Cost per $1,000 of assets not including State tax and rent . Advertising. $ 2 24 .34 .10 Other Expenses. Total. $ 1 ,752.13 .75 $ 1 1,633 .23 5 .0 0 3 .2 3 Gross income received during the year, $109,365.80. Rates on Investments and Loans (Average on All, 5.15%). Real estate loans (average rate, 5.49 per cent.): 5% , $25,000; 534%> $1,260,950. Personal loans (average rate, 5.81 per cent.): 5% , $30,377.50; 6 % , $93,961; 634%, $10,000. Bonds, stocks, etc. (average rate on amounts invested, 4.48 per cent.): 334%, $62,000; 4% , $258,000; 434% , $219,150; 434% , $107,000; 5% , $150,400; 6 % , $9,000; 8 % , $7,000; 10% , $2,500; 1234%. $ 2 ,000 . Number of loans not over $3,000 each, 415, amounting to $568,128.50. 13 real estate loans made during year, amounting to $32,395. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2 % Number of deposits during year, 10,328, amounting to $38,755 47 39,342 15 552,440 15 Number of withdrawals during year, 7,254, amounting to $630,537 77 583,863 06 $46,674 71 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $214,150 United States 434s 5.000 Boston 4s 5.000 Chicopee 4J4s 15.000 Chicopee 434s 9.000 Cleveland, Ohio, 434s 5.000 Jamestown, N. Y., 4}4s 8.000 Portland, Ore., 5s 15.000 Quincy 4s 2.000 San Francisco, Cal., 5s 1.000 Seattle, Wash., 434s 15.000 Seattle, Wash., 5s 9.000 Woburn 4J4s 1.000 E. Bridgewater 4s Railroad Bonds. $27,000 Atch., Top. & Santa Fé 4s 10.000 Baltimore & Ohio 4s 15.000 Baltimore & Ohio 434s 10.000 Baltimore & Ohio 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $5,000 Bangor & Aroostook 5s 17.000 Boston & Albany 4s 5.000 Boston & Maine 334s 3.000 Boston & Maine 4s 5.000 Boston & Maine 434s 12.000 Boyer Valley 3J4s 10.000 Chic., Mil. & St. Paul 4}4s 17.000 Chic., Mil. & St. Paul 5s 5.000 Chic., Mil. & St. Paul 6s 10.000 Cleveland Short Line 434s 15.000 Concord & Montreal 4s 15.000 Fitchburg 334s 5.000 Fitchburg 5s 10.000 Illinois Central 334s 10.000 Illinois Central 4s 5.000 Maine Central 4J4s 15.000 N. Y . C, & H. R. 4s 20.000 N. Y., N. H. & H. 334s 47.000 N. Y ..N .H .& H . 4s 8.000 Northern Me. Seaport 5s • 4,000 Old Colony 4s 9.000 Pennsylvania 4}4s 3.000 Vermont Valley 434s Street Railway Bonds. Par Value. $10,000 Boston Elevated 4s 10.000 Boston Elevated 434s 22.000 Boston Elevated 5s 23.000 Boston & Northern 4s 1.000 East Middlesex 4s 3.000 Georgetown, Row. & Ips. 5s 17,800 Holyoke 5s 5.000 Lowell, Law. & Hav. 5s 11.000 Springfield 4s 10.000 Spring. & Eastern 5s 7.000 West End 5s 14.000 Worcester Consol. 5s 1.000 Worces. & Southbridge 4J4s Bank Stocks. Shs. 16 Franklin Co. Tr. Co., Greenfield 70 Hadley Falls Tr. Co., Holyoke 40 Chapin Nl. Bk., Springfield 25 Chicopee Nl. Bk., Springfield 20 Springfield S. D. & T. Co. 70 REPO RT OF THE [Pub. Doc. CITIZENS SAVINGS BANK, FALL RIVER. 6 SOUTH M AIN STREET. Incorporated October, 1851. Number of corporators, 57; number of trustees, 17. (Office vacant) President. J o s e p h D . M i l n e , Clerk o f the Corporation. W il l ia m F . W i n t e r , Treasurer. R o b e r t C . C r a p o , Assistant Treasurer. Board of Trustees: J. E . A m io t , H e n r y A s h w o r t h , J. C. B r a d y , W . B. M . C h a c e , H . H . E a r l , W . E . F a w c e t t , H . F . G r in n e l l , S. W . H a t h a w a y , P. J. H u r l e y , J. C. M a c k e n z ie , C . E . M il l s ,’ J. D . M il n e , J. E . O s b o r n e , J. M . S w i f t , J. T . S w i f t , W . F . T h o m a s , W . F . W i n t e r . Board of Investment: H . H . E a r l , S. W . H a t h a w a y , J. M . S w i f t , P. J. H u r l e y . Auditing Committee: H . F. G r in n e l l , J. C. B r a d y , ’ W . F. T h o m a s . Deposits draw interest from first M onday of March, June, September and December; dividends are payable the second Monday of June and December. Business hours: 8.30 a .m . to 3 p .m .; Satur day evenings, 6 to 8 , for deposits only. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & Tel. Co. bonds Stocks of banks and trust companies Securities acquired in settlement of indebtedness 721 loans on real estate (average o f each, $4,230.54) Less amount due on uncompleted loans . $850,382 2,140,775 80,000 106,538 286,505 4,260 63 00 00 50 50 00 80 00 3,050,225 968,762 45,000 18,321 366 149 133,566 22,761 1 1 2 loans on personal security Bank building and fixtures ( estimated value, $45,000; assessed value, $97,600 ) Real estate by foreclosure, etc. ( assessed value, $32,712) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . Deposits in national banks or trust companies Cash and cash items . . . . . T otal Assets 80 00 00 46 82 09 73 07 $7,707,614 60 Liabilities. Due depositors on 11,377 accounts, averaging $594.17 each $6,759,935 1 0 (Accounts opened during year, 1,421; closed, 1,118; increase, SOS) Surplus: — a. Guaranty fund (4-98% of deposits; increase during year, none) b. Profit and loss (increase during year, $69,588.13) . Current income: — Interest . Less current expenses not charged off . . . . Unearned discount and interest Suspense account . . Due on foreclosure sales . . . . . . . . . . . . . . . . 333,386 70 386,053 91 19 44 163,845 56,358 507 7,527 . . . Total Liabilities 75 19 43 52 $7,707,614 60 Total Expenses for the Year, including* State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $13,010.31 $ 1 5,544 .34 $ 3 ,000.00 Cost per $1,000 of assets 1 .6 9 2 .0 2 .3 9 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $404,386.47. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. $ 1 57 .31 .0 2 . . . $ 3 ,676.23 .48 Total. $35,388.19 4 .60 2 .5 2 71 BANK COMMISSIONER. No. 8.; Rates on Investments and Loans (Average on All, 5.39%). Real estate loans (average rate, 5.10 per cent.): 4 J^%, $196,000; 4 % % , $13,500; 5% , $1,808,370; 5M % » $36,000; 5V2% , $986,637; 6 % , $9,718.80. Personal loans (average rate, 6.01 per cent.): 4J^%, $2,500; 5 )^ % , $94,582; 5 % % , $303,630; 6 % , $273,050; 6 M % , $140,000; 6 ^ % , $70,000; 6 M % , $55,000; 7% , $30,000. Bonds, stocks, etc. (average rate on amounts invested, 5.48 per cent.): 3J^%, $14,050; 4% , $314,000; 4 K % , $348,280; 4b£% , $253,000; 4 M % , $13,000; 4.80% , $10,000; 5% , $1,016,000; 5.10% , $25,000; 5Vs%, $20,000; 5.15% , $10,000; 5.20% , $5,000; 5 % % , $35,000; 5.30% , $10,000; 5.35% , $20,000; 5 ^ % , $30,000; 5 ^ % , $23,000; 6 % , $1,143,500; 7% , $120,000; 8 % , $5,800; 10%, $61,600; 12% , $5,000; 16% , $33,500. Num ber of loans not over $3,000 each, 415, amounting to $659,797.80. 12 real estate loans made during year, amounting to $36,200. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: D ec., 1917, 2% June, 1918, 2 % % Number of deposits during year, 10,545, amounting to $128,367 76 144,480 15 928,813 09 . . Number of withdrawals during year, 8,790, amounting to $1,201,661 0 0 1,044,713 89 $156,947 11 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $14,050 United States 3L£s 348,280 United States 4L£s 20.000 Massachusetts 4s 70.000 Boston 4s 10.000 Chicago, 111., 4s 20.000 Des Moines, Iowa, 5s 25.000 Fall River 4s 5.000 Holyoke 4}4s 10.000 Lorain, 0., 5s 10.000 Minneapolis, Minn., 4%s 10.000 Newark, N. J., 4Hs 15.000 New Bedford 5s 10.000 Oakland, Cal., 4%s 5.000 Oakland, Cal., 5s 3.000 Oakland, Cal., 5L£s 10.000 Portland, Ore., 4}4s 15.000 Salem 4s 10.000 St. Paul, Minn., 4% b Public Funds, Notes. $15,000 Brockton 5s 30.000 Gloucester 5%a 20.000 Medford 5s 10.000 Methuen 5.15% 10.000 Quincy 5L£s 10.000 Revere 4.80% 20.000 Revere 5s 10.000 Adams 5Ms 20.000 Amesbury 5.35% 5.000 Arlington 5.20% 15.000 Hanover 5}4s 20.000 Marblehead 5J^s 10.000 Nor well 5J^s 10.000 Norwood 5.30% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $10,000 Royalston 5}4s 3.000 Sandwich 4%A 25.000 Watertown 5.10% Railroad Bonds. $15,000 Baltimore & Ohio 4}^s 25.000 Baltimore & Ohio 5s 10.000 Boston & Albany 5s 10.000 Central R.R. of N. J. 5s 15.000 Chi., Mil. & St. Paul 4Hs 10.000 Chic., Mil. & St. Paul 5s 5.000 Chic., Mil. & St. Paul 6s 23.000 Chic. & North. 5s 178.000 Chic. & North. 6s 120.000 Cleveland & Pitts. 4}4s 160.000 Fre., Elkhorn & Mo. V. 6 s 75.000 Housatonic 5s 40.000 Illinois Central 4s 40.000 Kal., Allegan. & G. R. 5s 80.000 Louisville & Nashville 5s 109.000 Louisville & Nashville 6s 68.000 Mahoning Coal 5s 25.000 Maine Central 4)^s 100.000 Mich. Cen.-Det. & B. C. 5s 136.000 Mil., L. S. & West. 5s 15.000 Mil., L. S. & West. 6 s 15.000 M., St. P. & Sit. Ste. M. 4s 86.000 Mobile & Ohio 6s 100.000 Mont. Cent. 6 s 39.000 Nash., Florence & Shef’d 5s 85.000 N. Y., N. H. & H. 6 s 75.000 No. Maine Seaport 5s 80.000 Norfolk & Western 6 s 5,000 Ohio River 5s 18.000 P., Great Falls & Con. 4)^s Par Value. $5,000 South & North Alabama 5s 22.000 Spokane Falls & North. 6 s 106.000 St. J. & L. C. 5s 17.000 St. Paul & Duluth 5s 143.000 St. Paul, Minn., & Man. 6s 44.000 St. P. & Northern Pac. 6 s 10 .000 St. P. & Sioux City 6s 1,000 Sun, Hazleton & Wilkes. 6s, 13.000 Troy & Boston 7s 22.000 Wilmar & Sioux Falls 5s, Street Railway Bonds. $15,000 Boston Elevated 4)^s 30.000 Boston Elevated 5s 20.000 Lynn & Boston 5s 15.000 West End 5s Bank Stocks. Shs. 6 Commonwealth Tr. Co., Boston 93 Eliot Nl. Bk., Boston 335 First Nl. Bk., Boston 79 Merchants Nl. Bk., Boston 537 Nl. Shawmut Bk., Boston 50 Second Nl. Bk., Boston 255 Fall River Nl. Bk. 1,070 Massasoit-Pocasset Nl. Bk., Fall River 506 Metacomet Nl. Bk., Fall River 40 Union Nl. Bk., Lowell 72 [Pub. Doc. REPO RT OF THE CITY SAVINGS BANK OF PITTSFIELD, PITTSFIELD.* 116 NORTH STREET. f 101 Woodlawn Ave., Pittsfield. Union Block, Dalton. Branch Offices: Incorporated April 13, 1893. C l e m e n t F. C o o g a n , G im l ic h H. R . P t o n , C . , Jo H. C . F. se ph e ir s o n W , In il s o n C P H . F C a h l , C a l v in F o r d , Treasurer. Clerk of the Corporation. , J. , Z. M . C r a n e , A . W . E a t o n , B. M . E n g l a n d , H . C. F o r d , D . J. F. K a h l , C . R . K i n n e y , K . B. M i l l e r , A . A . M i l l s , G. W . P e a s e , L. G. R o b b i n s , G. H . S o u t h a r d , J r . , G. H . T u c k e r , H . B . W e l l i n g lttm b, , E . P. W Board of Investment: C . F. K r ed o o g a n s u l l A. W . Auditing Committee: Number of corporators, 48; number of trustees, 20. President. J. Board of Trustees: \ o o g a n G. W . P o o d , e a s e . L. G. , R J. F. o b b in s K a h l , , D . J. G G. H . im l ic h S , G. H . o u t h a r d , Jr., G . H . T u c k e r . Jr. , o u t h a r d S Deposits draw interest from tenth day of January, April, July and October; dividends are payable January 10 and July 10. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a . m . to 12 m .; 7 to 9 p .m . Pittsfield branch, 11 a .m . to 2 p .m .; D alton branch, 2 to 4 p .m ; Thursdays, 4 to 8 p .m .; Satur days, 12 m . to 2 P.M. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 570 loans on real estate ( average o f each, $3,872.60) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . 107 loans on personal security . . . . . Bank building and fixtures ( estimated value, $87,100; assessed Real estate by foreclosure, etc. (assessed value, $26,800 ) . Taxes, insurance, etc., paid on mortgaged properties . W ar savings stamps and thrift stamps . . . . Accrued interest . . . . . . . . . United States Bonds held for account of depositors . Deposits in national banks or trust companies . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,209,183 00 . 1,800 00 ------------------------. . . . . value, $79,000 ) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $574,835 724,049 324,284 54,132 125,607 54 03 62 46 00 2,207,383 453,231 87,100 25,932 367 1,737 314 139,750 53,468 17,612 00 00 00 77 64 00 07 00 70 73 Total A s s e t s .......................................... $4,789,805 56 Liabilities. Due depositors on 13,033 accounts, averaging $333.66 each . . . . . $4,348,608 09 (Accounts opened during year, 2,604,' closed, 3,605; decrease, 1,001) .'Surplus: — a. Guaranty fund (2.42% o f deposits; increase during year, $13,800) . . . b. Profit and loss (iincrease during year, $6,669.48) . . . . . . Current income: — a. Interest . . . . . . . $26,550 25 b. Rent account, etc. . . . . . 1,719 33 ------------------------$28,269 58 Less current expenses not charged off, etc. . . . 9,831 12 ------------------------Unearned discount . . . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . . Liberty Loan Bonds held for safe-keeping . . . . . . . . Total Liabilities . . . . 105,500 00 58,688 64 18,438 7,225 111,594 139,750 . $4,789,805 56 * Statements of Life Insurance Departments appear on pages immediately following page 395. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 46 87 50 00 73 BANK COMMISSIONER. No. Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Other Expenses. Rent. $S ,694.92 1 .8 1 $ 7 84 .07 .16 Amount paid for $7,166.83 $11,077.39 $3,600.00 Cost per $1,000 of assets 1 .6 0 2 .3 1 .75 Cost per $ 1 ,0 0 0 of assets not including State tax and rent . Total. $31,323.21 6 .5 3 4 .2 8 Gross income received during the year, $222,837.75. Rates on Investments and Loans (Average on All, 5.24%). Real estate loans (average rate, 6 per cent.) : 6 % , $2,207,383. Personal loans (average rate, 6.29 per cent.) : 4 % % , $10,565; 5% , $9,610; 6 % , $198,056; 6 % % , $145,000; 7 % , $90,000. Bonds, stocks, etc. (average rate on amounts invested, 4.06 per cent.): 3J^%, $81,400; 4% , $380,000; 4 M % , $419,600; 4 ^ % , $397,000; 5% , $262,600; 6 % , $5,100; 8 % , $21,500; 10% , $7,500; 10%%, $2,250; 12% , $24,500; 24% , $500; 5% % , $6,000. Number of loans not over $3,000 each, 456, amounting to $629,557.50. 27 real estate loans made during year, amounting to $219,450. Dividends, Deposits and Withdrawals. $76,294 11 88,512 08 1,243,991 6 8 Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2 M % Number of deposits during year, 43,412, amounting to Number of withdrawals during year, 16,154, amounting to N et increase in amount due depositors . . . . . . . . . $1,408,797 87 1,130,840 28 . . . $277,957 59 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $140,000 U. S. Certs, of Indebt. 4% b 11,400 United States 3%s 762.000 United States 4% b Public Funds, Notes. $4,000 Hinsdale 5s 6.000 Lanesborough 5% b Railroad Bonds. $10,000 Atch., Top. & Santa Fé 4s 113.000 Baltimore & Ohio 4s 80.000 Baltimore & Ohio 4%s 40.000 Baltimore & Ohio 5s 27.000 Bangor & Aroostook 5s 5.000 Boston & Maine 3% b 26.000 Boston & Maine 4s 24.000 Boston & Maine 4% b 96.000 Chic., Mil. & St. Paul 4% b https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $55,000 Chic., Mil. & St. Paul 5s 20.000 Chic. & Northwestern 4s 4.000 Concord & Montreal 4s 15.000 Fitchburg 4s 10.000 Fitchburg 4% b 5.000 Holyoke & Westfield 4)^s 15.000 Illinois Central 3Hs 30.000 L. S. & Mich. South. 4s 5.000 Michigan Central 3%a 30.000 N. Y. C. & H. R. 3V2b 55.000 N. Y . C. & H. R. 4s 20.000 N. Y., N. H. & H. 3V2a 55.000 N. Y., N. H. & H. 4s 15.000 No. Maine Seaport 5s 20.000 Pennsylvania 4%a Street Railway Bonds. $40,000 Boston Elevated 4s 51.000 Boston Elevated 4%a 10.000 Boston Elevated 5s Par Value. $100,000 Boston & Northern 4s 6,600 Holyoke 5s 10.000 Hoosac Valley 4s 10.000 Old Colony 4s 105,000 West End 5s Bank Stocks. Shs. 30 Commercial Nl. Bk., Boston 50 Commonwealth Tr. Co., Boston 60 Nl. Shawmut Bk., Boston 245 Old Colony Tr. Co., Boston 35 Manufacturers Nl. Bk., Lynn 100 Leominster Nl. Bk. 40 No. Adams Nl. Bk. 5 Agricultural Nl. Bk., Pittsfield 10 Third Nl. Bk., Pittsfield 11 Chapin Nl. Bk., Springfield 5 Housatonic Nl. Bk., Stockbridge 30 Waltham Nl. Bk. 74 REPO RT OF THE [Pub. Doc, CITY FIVE CENTS SAVINGS BANK, HAVERHILL. 46-48 W ASHINGTON STREET. Incorporated March 31, 1870. G e o e g e N ic h o l s President. , 2d, L Board o f Trustees: H u s s e y , P H. G . e b l e y Board of Investment: Auditing Committee: Number of corporators, 98; number of trustees, 11. B ix b y L e s l ie G e o e g e G G e o n a b d , G e o e g e H . N , C . L. B e o e g e N o y e s N ic h o l s , 2d, N ic h o l s , 2d, , P. C . e o e g e W . N o y e s Treasurer. , Clerk of the Corporation. , O. b ig g s ic h o l s , 2d, C . S A . J. G . C a b l t o n W. w e t t P N , S. in g e e e , C . EL C A. o y e s , C . P. a e d n e e G , G . H. B b o y P , S. in g e e e , C . ix b y L. B P. G a e d n e e , H . , P. C. S w e t t . e ig g s , C . H. C F . e o y . . Deposits draw interest from first day of March, June, September and December; dividends are pay able first Wednesday of June and December. Business hours: 9 a .m . to 2 p . m .; Saturdays, 9 a .m . to 12.30 p . m .; also Saturdays, from September 15 to June 15, 6.30 to 8 p .m . for deposits only. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 671 loans on real estate {average o f each, $3,291.52) . . . . . . 37 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $60,000; assessed value, $48,225) W ar savings stamps and thrift stamps . . . . . . . Liberty Loan Bond account fully paid . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . $490,765 526,008 130,000 150,000 58,521 37,200 2,208,610 315,770 62,000 191 43,700 85,483 7,398 00 75 00 00 25 00 00 00 00 80 00 23 51 . . . . . $4,115,648 54 . . . . . $3,689,680 17 . . 185,412 75 138,080 76 Liabilities. Due depositors on 13,269 accounts, averaging $278.06 each {Accounts opened during year, 1,853; closed, 1,409; decrease, 56) Surplus: — a. Guaranty fund {5.03% o f deposits; increase during year, $693.05) b. Profit and loss {increase during year, $22,779.31) . . . . Current income: — I n t e r e s t ...................................................................... ........... Less current expenses not charged off . . $4,293 11 Less State or local taxes not charged off . . . 2,213 07 ------------------------Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds Liberty Loan Bonds, full paid subscription account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . $53,821 17 6,506 18 47,314 2,116 9,343 43,700 99 87 00 00 . $4,115,648 54 No. 8.] BANK COMMISSIONER. 75 Total Expenses ior the Year, including State Taxes. State Tax (Net). Am ount paid for Cost per $1,000 of Cost per $ 1 ,0 0 0 of Salaries. Rent. Advertising. $5 ,1 3 2 .4 6 $8,611.10 $3,000.00 assets 1 .2 5 2 .0 9 .73 assets not including State tax and rent Other Expenses. $2 0 3 .4 4 .0 5 . $ 2 ,569.80 .62 Total. $19,516 .80 4 .7 4 2 .7 6 Gross income received during the year, $192,111.47. Rates on Investments and Loans (Average on All, 5.09%). Real estate loans (average rate, 5.51 per cent.): 5% , $101,300; 5 }^ % , $1,941,090; 6 % , $166,220. Personal loans (average rate, 5.95 per cent.): 5% , $20,000; 6 % , $265,770; 6 J^%, $25,000; 6 ^2 % , $5,000. Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cent.): 3K % > $312,600; 4% , $551,600; 4 H % , $243,950; 4J^%, $205,000; 5% , $10,000; 5.10% , $25,000; 5^£% , $15,000; 5 M % , $10,000; 6 % , $5,000; 8 % , $24,700; 10% , $5,000; 12% , $2,500. Number of loans not over $3,000 each, 499, amounting to $809,330. 11 real estate loans made during year, amounting to $28,700. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: D ec., 1917, 2% June, 1918, 2 % Number of deposits during year, 15,741, amounting to $70,751 63 70,405 84 645,543 06 , $786,700 53 768,237 81 Number of withdrawals during year, 9,873, amounting to N et increase in amount due depositors . . . . . . . . $18,462 72 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Railroad Bonds. Street Railway Bonds. Par Value. $125,000 U. S. Certs, of Indebt. 4J^s 243,950 United States 4J4s 25.000 Massachusetts 3Hs 15.000 Haverhill 4s 14.000 Newton 4s 10.000 North Adams 4}^s 2,000 Danvers 4s Par Value. $25,000 Baltimore & Ohio 4s 10.000 Bennington & Rutland 4J^s 25.000 Boston & Albany 4s 75.000 Boston & Maine 4s 10.000 Boston & Maine 4)^s 20.000 C., B. & Q. 4s 25.000 Chic. & Northwestern 4s 22.000 Fitchburg 4s 60.000 Illinois Central 3)^s 35.000 Lake Shore & Mich. So. 4s 5.000 Minn. & Iowa 3J^s 50.000 N. Y. C. & H. R. 3J^s 85.000 N. Y „ N. H. & H. 4s 40.000 Old Colony 4s 5.000 Pitts., Va. & Charleston 4s 10.000 St. J. & L. C. 5s 20.000 Sioux City & Pac. 3J^s 15.000 Upper Coos 4s Par Value. $10,000 Boston Elevated 4s 15.000 Boston Elevated 4}^s 25.000 Springfield 4s 45.000 West End 4s 10.000 West End 4)^s 25.000 Worcester Consolidated 4J^s Public Funds, Notes. $10,000 Lynn 5.10% 15.000 Somerville 5.10% 2.600 Groveland 3%s 3.600 Groveland 4s 15.000 Groveland 5}4s 10.000 Groveland 5)^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Bank Stocks. Shs. 25 Merchants Nl. Bk., Boston 50 Nl. Shawmut Bk., Boston 132 First Nl. Bk., Haverhill 68 Haverhill Nl. Bk. 50 Haverhill Trust Co. 47 Merrimack Nl. Bk., Haverhill 76 REPO RT OF TH E [Pub. Doc, CITY INSTITUTION FOR SAVINGS, LOWELL. 174 CENTRAL STREET. Incorporated April 12, 1837. C h a r l e s G e o r g e P. C E. P Board of Trustees: H o x ie A . D. , o n a n t e r l e y , e o n a r d Sa r g e n t Board o f Investment: Auditing Committee: President. Clerk of the Corporation. W . P . B , L Number of corporators, 38; number of trustees, 12. H u t t r ic k u n t r e ss , F . , F W. C r a n k H u r d , o b u r n W . E. , L C. P. C F r a n k A sa o n a n t iv in g s t o n , W . W. F H , T . P. H E. G. M , Treasurer. Assistant Treasurer. u r d , l in t a l l , J. o r r is o n G. H il l , C. E. , Jo seph P e a b o d y , , Jo se ph P e a b o d y . . F r a n k F C r a n k o b u r n C , C . P. C o b u r n o n a n t , T . P . H a l l , L e o n a r d , W . E. L H u n t r e ss iv in g s t o n , J. G . H il l . Deposits draw interest from second Saturday in January, April, July and October; dividends are payable second Saturday of January and July. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 7 to 9 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes . . . . Street railway bonds . . . . . American Tel. & Tel. Co. bonds Stocks of banks and trust companies Securities acquired in settlement of indebtedness 706 loans on real estate (average of each, $8,095.12) Less amount due on uncompleted loans . $1,597,955 2,395,017 733,843 181,923 261,200 5,616 00 50 75 75 00 59 $6,124,656 98 9,500 00 6,115,156 1,079,542 42,051 21,412 250 107,519 1,929 50 loans on personal security . . . . Real estate by foreclosure, etc. (assessed value, $19,200) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps Deposits in national banks or trust companies Cash . . . . . . . . . 98 02 96 52 00 20 77 Total A s s e t s .......................................... $12,543,419 04 Liabilities. Due depositors on 22,387 accounts, averaging $507.41 each ' . . . . . $11,360,613 91 (Accounts opened during year, 2,84-1; closed, 2,088; increase, 753) Surplus: — a. Guaranty fund (4.91% of deposits; increase during year, $5,000) . b. Profit and loss (increase during year, $38,015.83) . . . . . Current income: — Interest . . . . . . . . . . . . Unearned discount . . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . Suspense account . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . . . . . . . 558,200 00 458,852 61 149,071 1,920 5,300 9,461 14 00 00 38 . $12,543,419 04 77 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $17,985 .85 $ 2 0,655 .10 $ 1 ,500.00 Cost per $1,000 of assets 1 .4 3 1 .6 5 .12 Cost per $1,000 of assets not including State tax and rent . Total. Advertising. Other Expenses. $6 3 7 .8 9 .0 5 $ 6 ,972.12 .55 $47,750 .96 3 .8 0 2 .2 5 Gross income received during the year, $571,704.98. Rates on Investments and Loans (Average on All, 5.06%). Real estate loans (average rate, 5.35 per cent.): 4 )^ % , $224,750; 5% , $2,714,715.81; 5 % % , $174,500; 5}4% , $1,609,183.09; 6 % , $1,392,008.08. Personal loans (average rate, 5.71 per cent.): 4 % % , $1,510; 5% , $90,150; 5J^%, $435,062.32; 6 % , $552,829.70. Bonds, stocks, etc. (average rate on amounts invested, 4.59 per cent.): 3J^%, $226,100; 4% , $2,533,550; 4 )4 % , $609,305; 4J^% , $870,000; 10% , $108,900; 20 % , $26,500. 5% , $713,400; 6 % , $132,800; 6.39% , $31,800; 8 % , $20,400; Number of loans not over $3,000 each, 515, amounting to $718,986.63. 51 real estate loans made during year, amounting to $106,150. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2L£% July, 1918, 2 M % Number of deposits during year, 26,871, amounting to $238,366 72 239,892 51 1,562,147 71 Number of withdrawals during year, 17,492, amounting to $2,040,406 94 1,592,781 8 8 N et increase in amount due depositors $447,625 06 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $535,000 U. S. Certs, of Indebt. 4J^s 1,100 United States 3J^s 550 United States 4s 559,305 United States 4Ms 25.000 Massachusetts 4s 319,000 Boston 4s 50.000 Boston ì }4 b 40.000 Fall River 4s 70.000 Lynn 4s Railroad Bonds. $25,000 Atch., Top. & Santa F6 4s 175.000 Baltimore & Ohio 5s 59.000 Boston & Lowell 4s 100.000 Boston & Maine 3J^s 30.000 Boston & Maine 4s 60.000 Boston & Maine 4Hs 100.000 C., B. & Q. 4s 40.000 Chic., Mil. & St. Paul 4s 100.000 Chic., Mil. & St. Paul 5s 75.000 Chicago & North. 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $100,000 Chic., R. I. & Pac. 4s 25.000 Cleveland Short Line 41^s 100.000 Concord & Montreal 4s 50.000 Conn. & Pass. Rivers 4s 166.000 Fitchburg 5s 100.000 Illinois Central 4s 100.000 Kal., Alleg. & G. Rap. 5s 100.000 Louisville & Nashville 5s 100.000 Maine Central 4J^s 75.000 Min., St. P. & Sit. St. M. 4s 50.000 Mobile & Ohio 6s 25.000 N. Y. C. & H. R. 4s 125.000 N. Y „ N. H. & H. 3 ^ s 200.000 N. Y., N. H. & H. 4s 100.000 Norwich & Worcester 4s 5,000 Old Colony 4s 50.000 Pennsylvania 4p2S 100.000 Portland Terminal Co. 4s 100.000 Sullivan County 4s Street Railway Bonds. $225,000 Boston Elevated 4s 50.000 Boston Elevated 4J^s 100.000 Boston & Northern 4s Par Value. $50,000 Lynn & Boston 5s 75.000 Old Colony 4s 50.000 Springfield 4s 150,000 West End 4s 50.000 Worcester Con. 4J^s Bank Stocks. Shs. 124 Boylston Nl. Bk., Boston 53 Fourth-Atlantic Nl. Bk., Boston 1,000 Nl. Shawmut Bk., Boston 36 Nl. Union Bk., Boston 40 Old Boston Nl. Bk., Boston 265 Second Nl. Bk., Boston 85 Webster & Atlas Nl. Bk., Boston 19 Bay State Nl. Bk., Lawrence 710 Appleton Nl. Bk., Lowell 51 Old Lowell Nl. Bk., Lowell 100 Union Nl. Bk., Lowell 100 Wamesit Nl. Bk., Lowell 25 First Nl. Bk., Marlborough 42 Fram. Nl. Bk., So. Framingham 78 R E PO R T OF THE [Pub. Doc. CLINTON SAVINGS BANK, CLINTON. 79 Incorporated M a y 15, 1851. E l i F o b b e s , President. H IG H STREET. Number of corporators, 30; number of trustees, 16. C . L. S. H a m m o n d , Treasurer. W il l ia m H a m il t o n , Clerk o f the Corporation. Board o f Trustees: W . L. B a n c r o f t , W . P. B o w e r s , G . A . B r o w n , C . W . F ie l d , E li F o r b e s , J. W , F o r r e s t e r , W . H . G i b b s , J. J. G o o d w in , W il l ia m H a m il t o n , C . L. S. H a m m o n d , F. M . H a m m o n d , J. A . M c Q u a id , J. D . M iss r o o n , G . F. M o r s e , G . P. T a y l o r , J. E . T h a y e r . i \ Board of Investment: E l i F o r b e s , G . P . T a y l o r , J. E . T h a y e r , W . P . B o w e r s , J. D . M iss r o o n , G . F. M o r s e . Auditing Committee: G . A . B r o w n , J. A . M c Q u a id , J. J. G o o d w in . Deposits draw interest from second M onday of January, April, July and October; dividends are pay able the second M onday of April and October. Business hours: 9 a .m . to 12 m .; 1 to 3 p .m .; Saturdays, 9 a .m . to 1 p .m . STATEMENT OP CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . . 420 loans on real estate {average o f each, $2,4.36.95) . . . . . . . 57 loans on personal security . . . . . . . . . . Furniture and fixtures . . . . . . . . . . . . Real estate by foreclosure, etc. (assessed value, $7,200) ... . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Premium account . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ................................................................................................................................................................... $1,124,425 620 446 82,000 67,200 64*906 76,000 3,855 1,023,518 831,247 05 25 00 00 25 00 93 65 00 1 0 0 0 00 6,828 1,000 iq 000 50,376 13,443 90 31 00 52 85 Total A s s e t s .......................................... $3,976,248 71 Liabilities. Due depositors on 8,469 accounts, averaging $441.06 each . $3,735,373 47 (Accounts opened during year, 815; closed, 860; decrease, 45) Surplus: — a. Guaranty fund (4-99% o f deposits; increase during year, $1,050) b. Profit and loss (increase during year, $16,483.40) . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 186,532 94 46,365 43 $7,946 08 679 21 7,266 87 710 00 . $3,976,248 71 No. 8.] BANK COMMISSIONER. 79 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Total. Advertising. Other Expenses. Am ount paid for $10,445 .37 $ 7 ,787.50 $ 1 ,000.00 Cost per $1,000 of assets 2 .6 3 1 .9 6 .2 5 Cost per $ 1 ,0 0 0 of assets not including State tax and rent . $ 5 .4 4 ' $ 2,640.73 .66 $21,879 .04 5 .5 1 2 .6 2 Gross income received during the year, $187,765.35. Rates on Investments and Loans (Average on All, 4.79%). Real estate loans (average rate, 4.99 per cent.): 4% , $9,325; 4}4% , $83,515; 5% , $889,835.65; 6 % , $40,843. Personal loans (average rate, 5.97 per cent.): 4 M % . $400; 5% , $24,713; 6 % , $806,134. Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3J^%, $260,000; 4% , $876,050; 4 ^ % . $230,000; 4 ^ % , $404,400; 5% , $215,150; 5.20% , $25,000; 6 % , $4,000; 7% , $10,500; 20% , $5,000. Number of loans not over $3,000 each, 345, amounting to $385,290.15. 18 real estate loans made during year, amounting to $77,000. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2% Number of deposits during year, 5,594, amounting to $71,368 15 71,023 48 506,041 06 Number of withdrawals during year, 5,904, amounting to $648,432 69 606,097 78 N et increase in amount due depositors $42,334 91 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $2,150 United States 4s 230.000 United States 4l/ia 200.000 U. S. Certs, of Indebt. 4J^s 10.000 California 4s 25.000 Massachusetts 4s 10.000 New York State 4p£s 5.000 Boston 3J^s 74.000 Boston 4s 10.000 Buffalo, N. Y., 4J^s 10.000 Canton, Ohio, 5s 14.000 Chicago, 111., 4s 25.000 Cleveland, 0 ., 4p£s 10.000 Detroit, Mich., 4s 20.000 Fall River 3Mis 26.000 Fall River 4s 3.000 Gloucester 4s 20.000 Hartford, Conn., 4}^s 18.000 Haverhill 4s 5.000 Los Angeles, Cal., 4J^s 15.000 Lowell 4s 14.000 Medford 4s 20.000 Minneapolis, Minn., 4s 11.000 New Bedford 4s 5.000 Newburyport 3 10.000 Philadelphia, Pa., 4s 10.000 Pittsfield 4s 2.000 Portland, Ore., 4s 10.000 Portland, Ore., 4p£s 5.000 Rockville, Conn., 4s 5.000 Saginaw, Mich., 4s 10.000 San Francisco, Cal., 5s 20.000 Seattle, Wash., 5s 3,400 Troy, N. Y., 4Hs 15.000 Wilkes-Barre, Pa., 4p£s 15.000 Woonsocket, R. I., 4}^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $10,000 Worcester 4s 4.000 Amesbury 4s 12.000 Belmont 4s 10.000 Brookline 4s 8.000 Clinton 3}^s 22.000 Clinton 4s 10.000 Framingham 4s 5.000 Greenfield 4s 15.000 Milton 4s 5.000 Warwick, R. I., 4}4s 13.000 Watertown 4s 20.000 Kennebec, Me. (W. D.), 3J^s Public Funds, Notes. $25,000 Brockton 5.20% 2,400 Clinton 4s 1.000 Dartmouth 4s 26,500 Lancaster 4s 40.000 Lancaster 5s 1.000 Sterling 4^8 1,650 Sterling 5s 8.000 Walpole 4s Railroad Bonds. $4,000 Bangor & Aroostook 5s 29.000 Boston & Albany 3p£s 45.000 Boston & Albany 4s 24.000 Boston & Albany 5s 10.000 Boston & Lowell 4}4s 65.000 Boston & Maine 4s 20.000 C„ B. & Q. 3Ms 10.000 Chi., Mil. & Puget Sound 4s 10.000 Chic., Mil. & St. Paul 4p£s 10.000 Chic., Mil. & St. Paul 5s 10.000 Chic. & North. 3}4a Par Value. $53,000 Fitchburg 4s 5.000 Fitchburg 4)4s 13.000 Illinois Central 3J^s 20.000 Illinois Central 4s 25.000 L. S. & Mich. South. 3J^s 5.000 Lake Shore & Mich. So. 4s 20.000 Louisville & Nashville 5s 10.000 Maine Central 4^is 15.000 Michigan Central 3J^s 15.000 Mil., L. S. & W. 5s 20.000 N. Y. C. & H. R. 3^8 7.000 N. Y. C. & H. R. 4s 5.000 N .,Y „ N. H. & H. 3 ^ s 60.000 N. Y., N. H. & H. 4s 61.000 Old Colony 4s 15.000 Pennsylvania 4s 10.000 Pennsylvania 4L£s 20.000 Portland Terminal Co. 4s 10.000 Upper Coos 4}$s Street Railway Bonds. $32,000 Boston Elevated 4s 20.000 Boston Elevated 4 p£s 10.000 Boston Elevated 5s 10.000 Brockton 5s ’ 10.000 West End 4J4s Bank Stocks. Shs. 50 First Nl. Bk., Boston 55 Webster & Atlas Nl. Bk., Boston 405 First Nl. Bk., Clinton 40 Fitchburg Bank and Trust Co. 50 First Nl. Bk., New Bedford 80 REPO RT OF THE [Pub. Doc. COHASSET SAVINGS BANK, COHASSET. ELM STREET. Incorporated February 28, 1845. Number of corporators, 29; number of trustees, 13. C h a k i .e s W . G a m m o n s , President. C a l e b L o t h r o p , Treasurer. R u ss e l l B . T o w e r , Clerk of the Corporation. Board o f Trustees: H . L . B r o w n , G . W . C o l l i e r , C . W . G a m m o n s , D . W . G i l b e r t , O. H . H o w e , C a l e b L o t h r o p , E d w a r d N ic h o l s , S. R . N ic h o l s , F. R . P e g r a m , D . N . T o w e r , N . B . T o w e r , R. B . T ow er, E . P . W entw orth. Board o f Investment: C . W . G a m m o n s , D . N . T o w e r , H . L . B r o w n , O. H . H o w e . Auditing Committee: G . W . C o l l ie r , F. R . P e g r a m , R . B . T o w e r . Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay able the Wednesday after the first Tuesday of January and July. Business hours: 8.30 a .m . to 12 m .; 1 to 4 p .m .; Saturdays, 8.30 a .m . to 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and n o t e s .......................................................... Railroad bonds and notes . . . . . . . . Street railway bonds . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . 384 loans on real estate (average o f each, $3,097.92) . . . . Less amount due on uncompleted loans . . . . . . . . . . . . . . . $806,451 50 850 00 ------------------------. . . 14 loans on personal security . . . . . . . Bank building and fixtures {estimated value, $15,000; assessed value, $11,000) Real estate by foreclosure, etc. (assessed value, $26,625) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . Suspense account . . . . . . . . . . . W ar savings, thrift and revenue stamps . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . Total Assets . . . . 52 75 50 70 805,601 50 48,807 00 . 8 ,0 0 0 0 0 . 18,531 81 54 05 185 7 3 . . $188,810 182,823 107,162 18,502 . . . . 19,852 4 5 7,779 25 . $1,406,450 81 . 339 55 Liabilities. Due depositors on 2,853 accounts, averaging $426.93 each . . . . . $1,218,024 04 . . . 60,596 80 64,475 23 (Accounts opened during year, 173; closed, 180; decrease, 7) Surplus: — a. Guaranty fund (4-96% o f deposits; increase during year, none) b. Profit and loss (decrease during year, $3,410.18) . . . Current income: — Interest ............................................................................................. ........... Less current expenses not charged off . . . . Unearned discount . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds Suspense account . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities $19,012 8 6 2,283 17 . . . . . . . 16,449 280 46,325 299 25 44 96 09 . $1,406,450 81 81 BAN K COMMISSIONER. No. Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $1,338.13 $ 3 ,502.17 $ 2 5 0 .0 0 Cost per $1,000 of assets .9 5 2 .4 9 .1 7 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. $ 1 65 .62 .12 $1,780.26 1 .2 6 Total. $ 7 ,036.18 4 .9 9 3 .8 7 Gross income received during the year, $61,434.73. Rates on Investments and Loans (Average on All, 5.05%). Real estate loans (average rate, 5.51 per cent.): 5% , $242,160; 5}4% , $317,048; 6 % , $246,393.50. Personal loans (average rate, 5.80 per cent.): 5J^%, $19,000; 6 % , $29,807. Bonds, stocks, etc. (average rate on amounts invested, 4.10 per cent.): 3% , $15,000; 3J^%, $62,000; 4% , $264,534; 4b£%, $63,276.52; 4 )^ % , $52,000; 5% , $56,000. Number of loans not over $3,000 each, 309, amounting to $362,614.50. 30 real estate loans made during year, amounting to $34,791. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 ]4,% July, 1918, 2 M % Extra dividends declared during year, Jan., 1918, h i% Number of deposits during year, 2,583, amounting to Number of withdrawals during year, 2,444, amounting to $26,336 26,230 2,905 138,466 . . . . . 81 77 92 37 $193,939 87 183,365 27 $10,574 60 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $ 1,000 United States 3Hs 11,450 United States 4s 63,276 United States 4)4s 30.000 U. S. Certs, of Indebt. 4b£s 84 U. S. War Savings Stamps 25.000 Massachusetts 4s 7.000 Attleboro 4s 15.000 Boston 4s 10.000 Lawrence 4s 6.000 New Bedford 4s 5.000 Omaha, Neb., 4J^s 10.000 Agawam 4s. 5.000 Shrewsbury 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Street Railway Bonds. Par Value. $10,000 Atch., Top. & Santa Fé 4s 10.000 Baltimore & Ohio 4s 10.000 Bangor & Aroostook 5s 15.000 Boston & Albany 5s 4.000 Boston & Lowell 3J^s 25.000 C., B. & Q. 3V2s 2.000 Chic., Mil. & St. Paul 4)^s 5.000 Conn. & Pass. Rivers 4s 20.000 Fitchburg 4s 17.000 Illinois Central 3 Ks 5.000 Minn., St. P. & Sit. St. M. 4s 5.000 Minn., St. P. & Sit. St. M. 5s 10.000 N. Y., N. H. & H. 33^s 10.000 N. Y., N. H. & H. 4s 15.000 North Me. Seaport 5s 15.000 Northern Pacific 3s 10.000 Portland Terminal Co. 4s 5.000 Washington Co. 3b£s Par Value. $25,000 Boston Elevated 4s 20.000 Boston & Northern*4s 4.000 Boston & Revere 5s 5.000 Holyoke 5s 1.000 N. Bed., Middle. & Brock/5s 10.000 Old Colony 4s 10.000 Springfield 4s 1.000 Uxbridge & Blackstone 5s 20.000 West End 4s 5.000 Worcester & Blackstone 4}^s 5.000 Worcester Consolidated 4}4s 5.000 Worcester & Southbridge 4%$ 82 REPO RT OF THE [Pub. Doc. COLUMBUS SAVINGS BANK, BOSTON. 417 HANOVER STREET. Incorporated March 25, 1908. Number of corporators, 18; number of trustees, 11. J o h n F . S u l l iv a n , President. P . R o b e r t G r e e n e , Treasurer. F l o r a V . F o p ia n o , Clerk of the Corporation. Board of Trustees: A . A . B a d a r a c c o , L o u is B ig g i , L. J. C o s t a , Jr., H . S. F it z g e r a l d , J. J. F l y n n , P. R . G r e e n e , R . S. H o f f m a n , J. R . M u r p h y , A . C . Q u in c y , H . E . S t o c k b r id g e , J. F. S u l l iv a n . Board of Investment: J. F. S u l l iv a n , J. R . M u r p h y , J. J. F l y n n , A . A . B a d a r a c c o , L ou is B ig g i . \ Auditing Committee: L . J. C o s t a , Jr., H . E . S t o c k b r id g e , A . C . Q u in c y . Deposits draw interest from first day of February, M ay, August and November; dividends are pay able M a y 1 and November 1. Business hours: 9 a .m . to 3 p .m .; also M ondays and Saturdays, for deposits only, 6 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes ......................................................................................................... $35,350 40 35 loans on real estate (average of each, $2,704-29) . . . . . . . 94,650 4 loans on personal security . . . . . . . . . . 4,087 W ar savings and thrift stamps . . . . . . . . . . 22 Deposits in national banks or trust companies . . . . . . . 39,832 C a s h ...................................................................... ............................................................................................ 5,225 00 00 50 19 45 Total A s s e t s .......................................... $179,167 54 Liabilities. Due depositors on 526 accounts, averaging $322.73 e a c h .......................................................... $169,754 39 {Accounts opened during year, 148; closed, 96; increase, 52) Surplus: — а. Guaranty fund {.95% of deposits; increase during year, $S96.44) • б. Profit and loss (decrease during year, $188.58) . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . • . . . 1,620 56 702 09 7,090 50 $179,167 54 83 BANK COMMISSIONER. No. 8.] Total Expenses for the Yeax, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $ 2 0 3 .3 5 1 .1 4 . . $3 5 9 .6 2 2 .0 1 • • $7 0 8 .0 3 3 .9 6 3 .1 5 Am ount paid for $1 4 5 .0 6 — Cost per $1,000 of assets .81 — Cost per $ 1 ,0 0 0 of assets not including State tax and rent . . Gross income received during the year, $6,954.93. Rates on Investments and Loans (Average on All, 5.01%). Real estate loans (average rate, 5.31 per cent.): 5% , $56,950; 5M%> $16,900; 6 % , $20,800. Personal loans (average rate, 5 per cent.): 5% , $4,087. Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3 M % . $3,050; 4% , $2,150; 4 )4 % , $30,300. Number of loans not over $3,000 each, 26, amounting to $39,837. 1 real estate loan made during year, amounting to $ 2 ,0 0 0 . Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 M % . . • • • Oct., 1918, 2 K % ............................................... Number of deposits during year, 1,048, amounting to . . . . . Number of withdrawals during year, 614, amounting to N et increase in amount due depositors https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . $2,844 13 3 -18 8 36 75,236 6 8 . . . . . • $81,269 17 48,128 41 . . . . . . $33,140 76 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $1,050 United States 3 Ms 1,150 United States 4s 30,300 United States 4 Ms 1.000 Boston 3Ms 1.000 Newton 3Ms 1.000 Portland, Ore., 4s 84 REPO RT OF THE [Pub. Doc, COMMONWEALTH SAVINGS BANK, LYNN. 325 UNION STREET. Incorporated March 28, 1900. Number of corporators, 32; number of trustees, 18. J o s e p h G. P in k h a m , President. J e sse M . H o l d e r , Clerk of the Corporation. W il l ia m M . B a h n e y , Treasurer. E d w a r d M . B a r n e y , Assistant Treasurer. Board of Trustees: G . H . A l l e n , C . N . B a r n e y , E . M . B a r n e y , W . M . B a r n e y , M . V . B r e s n a h a n , E . E . B o y e r , F . J. F a u l k n e r , C . L . G r e e n , F r a n k H il l ia r d , J e sse M . H o l d e r , F . N . H o y t , W . M . L i b b e y , W . S. L i b b e y , W . B . L i t t l e f ie l d , P . B . M a g r a n e , W . M . N y e , J. G . P i n k h a m , G . T . T il l . Board of Investment: W . M . L ib b e y , G . T . T i l l , W . M . B a r n e y . Auditing Committee: W . M . L i b b e y , F. N . H o y t , C . L . G r e e n . Deposits draw interest from first Wednesday of March, June, September and December; dividends are payable the day following the first Wednesday of June and December. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 3 to 6 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 238 loans on real estate ( average of each, $3,988.65 ) . 72 loans on personal security . . . . Real estate by foreclosure, etc. (assessed value, $3,760 ) Taxes, insurance, etc., paid on mortgaged properties Premium account . . . . . . . Deposits in national banks or trust companies . Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . . . $103,478 152,340 38,740 13,552 5,100 948,111 98,571 5,857 133 6,039 23,620 9,409 00 00 00 50 00 00* 00 65 90 19 56 77 . $1,404,953 57 Liabilities. Due depositors on 3,075 accounts, averaging $437.90 each . $1,346,543 46 {Accounts opened during year, S16; closed, 365; decrease, 49) Surplus: — a. Guaranty fund {3.15% of deposits; increase during year, $4,000) b. Profit and loss {increase during year, $579.34) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . ’ Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . 42,500 00 7,213 45 $10,893 13 3,501 47 -----------------. . . 7,391 6 6 1,305 00 Total L ia b ilitie s ...........................................$1,404,953 57 * Since reduced to within the legal limit. 85 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 1 ,696.59 $ 3 ,741.72 $1,8 0 0 .3 8 Cost per $1,000 of assets 1 .2 0 2 .6 6 1 .2 8 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $5 8 2 .9 3 .41 $2,2 7 5 .1 9 1 .6 2 $10,096 .81 7 .1 7 4 .6 9 Gross income received during the year, $68,321.24. Rates on Investments and Loans (Average on All, 5.40%). Real estate loans (average rate, 5.67 per cent.): 5% , $99,700; 5 )4 % , $410,076; 6 % , $438,335. Personal loans (average rate, 5.93 per cent.): 4 )4 % , $500; 4 )4 % , 345; 5% , $4,808.75; 5 )4 % , $900; 6 % , $92,317.25. Bonds, stocks, etc. (average rate on amounts invested, 4.41 per cent.): 3 )4 % , $15,150; 4% , $110,000; 4 )4 % , $51,900; 4 )4 % , $60,000; 5% , $65,000; 6 % , $10,500; 8 % , $4,600. Number of loans not over $3,000 each, 213, amounting to $262,633.75. 8 real estate loans made during year, amounting to $23,150. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: D ec., 1917, 2% June, 1918, 2% Number of deposits during year, 2,807, amounting to $26,252 71 25,974 05 207,358 2 5 Number of withdrawals during year, 3,072, amounting to $259,585 01 275,798 46 N et decrease in amount due depositors . . . . . . . . $16,213 45 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $20,000 U. S. Certs, of Indebt. 4)4s 150 United States 3)4s 51,900 United States 4)4s 3.000 Augusta, Me., 4s 10,000 Boston 4s Public Funds, Notes. $14,000 Lynn 4s 5.000 Swampscott 4J4s Railroad Bonds. $6,000 Aroostook Northern 5s 10.000 Baltimore & Ohio 5s 5,000 Bangor & Aroostook-5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $5,000 B. & N. Y . Air Line 4s 10.000 Boston & Providence 6s 18.000 C., B. & Q. 4s 3.000 Chic., Mil. & St. Paul 4s 1.000 Fitchburg 4s 5.000 Fitchburg 5s 5.000 Illinois Central 3)4s 10.000 Louisville & Nash. 4s 15.000 Maine Central 4)4s 5.000 Mich. Cen.-Jol. & No. Ind. 4s 6.000 N. Y . C. & H. R. 4s 5.000 N. Y., N. H. & H. 3)4s 20.000 N. Y., N. H. & H. 4s 5.000 No. Maine Seaport 5s 15.000 Pennsylvania 4)4s 5.000 Washington Co. 3)4s Street Railway Bonds. Par Value. $5,000 Boston Elevated 4)4s 12.000 Boston Elevated 5s 12.000 Lynn & Boston 5s 10.000 West End 5s Bank Stocks. Shs. 20 Commercial Nl. Bk., Boston 5 Peoples Nl. Bk., Boston 26 Manufacturers Nl. Bk., Lynn R E PO R T OF THE [Pub. Doc. \ CONWAY SAVINGS BANK, CONWAY. M AIN STREET. Incorporated March 10, 1887. Number of corporators, 20; number of trustees, 12. A . C . B o ic e , President. A . C . G u il f o r d , Treasurer. C h a r l e s P a r s o n s , Clerk of the Corporation. Board o f Trustees: M a x A n t e s , V . D . B a r d w e l l , A . C . B o ic e , C . L. B o y d e n , A . P. D e l a b a r r e , A . C . G u il f o r d , C . L. H a s s e l l , A . G . H o w e s , J. B . P a c k a r d , C h a r l e s P a r s o n s , A . J. P a t t e r so n, H . D . P e a s e . Board o f Investment: J. B . P a c k a r d , H . D . P e a s e , A . J. P a t t e r s o n , C . L. B o y d e n , A . C . B o ic e . Auditing Committee: C h a r l e s P a r s o n s , C . L . H a s s e l l , A . C . B o ic e . Deposits draw interest from first day of February, M ay, August and November; dividends are pay able M a y 1 and November 1. Business hours: 10 a .m . to 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . $ 3 3 3 0 0 00 Railroad bonds and notes . . . . . . . . . . . 63 266 25 Street railway bonds . . . . . . . . . . . . 3 4 109 00 Boston Terminal Co. bonds .....................................................................................................................5B 00 00 American Tel. & Tel. C o. bonds . . . . . . . . . . 8,385 00 Stocks of banks and trust companies . . . . . . . . . 3 500 00 167 loans on real estate (average of each, $1,784-92) . . . . . . . 298^081 90 7 loans on personal security . . . . . . . . . . 14 215 00 Real estate by foreclosure, etc. (assessed value, $4,000) . . . . . . 4,275 00 Suspense account . . . . . . . . . . . . 215 0 0 Deposits in national banks or trust companies . . . . . . . 19 685 93 Cash and cash items . . . . . . . . . . . . 1 4 1 7 74 Total Assets . . . . . $485,450 82 Liabilities. D ue depositors on 1,154 accounts, averaging $392.64 each (.Accounts opened during year, 74; closed, 125; decrease, 51) Surplus: — a. Guaranty fund (5.12% of deposits; increase during year, $1,170) b. Profit and loss (increase during year, $1,085.88) https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . $453,113 03 23,200 00 9,137 79 $485,450 82 87 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Am ount paid for $6 2 3 .0 7 $ 8 0 0 .0 0 $ 2 0 0 .0 0 $ 2 5 .0 0 $2 1 5 .5 5 C o s t per $1,000 of assets 1 .2 8 1 .6 5 .41 .0 5 .44 Cost per $1,000 of assets not including State tax and r e n t .......................................................... $1,863.62 3 .8 3 2 .1 4 Gross income received during the year, $22,802.78. Rates on Investments and Loans (Average on All, 4.92%). Real estate loans (average rate, 5.30 per cent.): 5J^%, $278,205; 6% , $19,876.90. Personal loans (average rate, 5.88 per cent.): 5M%> $2,250; 6 % , $11,965. Bonds, stocks, etc. (average rate on amounts invested, 4.08 per cen t.): 2% , $2,000; S }i% , $17,000; 4% , $78,800; 4 U % , $5,500; 4 H % . $10,000; 5% , $29,000; 6% , $1,600. Number of loans not over $3,000 each, 156, amounting to $213,296.90. 2 real estate loans made during year, amounting to $450. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 M % Number of deposits during year, 640, amounting to . Number of withdrawals during year, 693, amounting to $8,872 81 9,810 52 30,828 76 • . . $49,512 09 69,307 55 . $19,795 46 N et decrease in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $5,000 U. S. Certs, of Indebt. 4}^s 5.000 United States 3)^s 5.000 United States 4s 5,500 United States 4)^s 5.000 Lima, Ohio, 4s 4.000 Minneapolis, Minn., 4s 1.000 Newton 4s 800 Conway 4s 2.000 Conway 5s Railroad Bonds. $5,000 Baltimore & Ohio 5s 6.000 Bangor & Aroostook 5s 2.000 Boston & Maine 3L£s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $5,000 Boston & Maine 4s 2.000 C., B. & Q. 3 ^ s 10.000 C., B. & Q. 4s 5.000 Chic., R. I. & Pac. 4s 1.000 Conn. River 4s 1.000 Danbury & Norwalk 4s 5.000 Illinois Central 3Hs 5.000 Illinois Central 4s 5.000 Michigan Central 4s 10.000 N. Y „ N. H. & H. 4s 1.000 Old Colony 4s 1.000 St. J. & L. C. 5s 1.000 Wore., Nash. & R. 4s Street Railway Bonds. Par Value. $5,000 Boston Elevated 4)^s 10.000 Boston Elevated 5s 10.000 Boston & Northern 4s 6.000 Mystic Valley 5s 5.000 Old Colony 4s Bank Stocks. Shs. 20 Conway Nl. Bk. 10 City Nl. Bk., Holyoke 6 North Adams Nl. Bk. [Pub. Doc. REPO RT OF THE COUNTY SAVINGS BANK, CHELSEA. 435 BROADW AY. Incorporated February 27, 1890. Number of corporators, 116; number of trustees, 33. A l b e r t D . B o sso n , President. W a l t e r S. F r a c k e r , Treasurer. E b e n H u t c h in so n , Clerk of the Corporation. Board o f Trustees: H . P . A b b o t t , T . A . A d d iso n , G . H . A k i n s , A . B . A t w o o d , A . D . B osso n , C a m p b e l l B o sso n , P r esco tt C h a m b e r l a in , F. A . C h e n e y , D . J. C o b u r n , F. F. C o o k , F. E . C o x , J. M . C u r l e y , T . F. D r is c o l l , V . A . F i e l d , W . S. F r a c k e r , C. W . F r e e m a n , T . B . F r o s t , A . E . G a t e s , G . B . G u il d , W . S. H i x o n , W illard H o w l a n d , E b e n H u t c h in s o n , C. E . L egg , E . H . L o w e l l , D . A . O ’B r ie n , R oscoe P ie r c e , F. A . P it c h e r , E . W . R o b e r t s , S. H . R o b ie , D . H . S u l l iv a n , G . A . T a p l e y , C . A . W a r r e n , R . S. W e n t w o r t h . Board of Investment: A . D . B o sso n , V . A . F i e l d , W . S. H i x o n , D . A . O ’ B r ie n , R . S. W e n t w o r t h . Auditing Committee: T . B . F r o s t , P r e s c o tt C h a m b e r l a in , G . A . T a p l e y . Deposits draw interest from third Saturday of January, April, July and October; dividends are pay able the M onday following the third Saturday of April and October. Business hours: 8 a .m . to 1 p .m .; also Saturdays, 5 to 9 p .m ., for deposits only. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . Boston Terminal C o. bonds . . . . . . . . American Tel. & Tel. C o. bonds 4 . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 746 loans on real estate (average o f each, $1,923.73) . . . . . . 58 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $46,000; assessed value, $38,000) Real estate by foreclosure, etc. (assessed value, $500) . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . $427,271 288,807 128,533 23,631 24,946 85,373 . 46 82 92 25 25 00 1 00 1,435,105 72 487,926 51 38,000 00 1 00 83,684 15 6,775 92 . $3,030,058 00 Total Assets Liabilities. D ue depositors on 8,818 accounts, averaging $313.37 each . $2,763,271 42 (Accounts opened during year, 1,258; closed, 1,195; increase, 63) .'Surplus: — a. Guaranty fund (4.96% of deposits; increase during year, $5,000) b. Profit and loss (increase during year, $9,974-97) Current income: — a. Interest . . . . . . . $2,072 40 b. R ent . . . . . . . 74 ------------------------Less current expenses not charged off . . . . Total Liabilities . . 137,000 00 128,562 30 $2,073 14 848 86 ------------------------- . . . 1,224 28 $3,030,058 00 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 3 ,299.69 $8,587.50 Cost per $1,000 of assets 1 .0 9 2 .8 3 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $148,264.05. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. $ 4 72 .91 $3,1 3 6 .6 8 .1 6 1 .0 3 ............................................... Total. $15,496 .78 5 .11 4 .0 2 * No. 8.] BANK COMMISSIONER. 89 Rates on Investments and Loans (Average on All, 8.32%). Real estate loans (average rate, 5.83 per cent.): 4J^% , $4,025; 5% , $74,450; 5J^%, $321,700; 6% , $1,034,930.72. Personal loans (average rate, 6.07 per cent.): 4J^%, $3,000; 4 M % , $901.51; 5% , $13,920; 5J^%, $30,800; 6% , $275,630; 6 M % , $40,000; 6 y2%, $123,675. Bonds, stocks, etc. (average rate on amounts invested, 4.19 per cent.): 3% , $54,000; 3J^%, $179,250; 3.65% , $4,000; 3 % % , $5,000; 4% , $392,300; 4 M % , $105,250; 4J^%, $101,500; 4 % % , $10,000; 5% , $68,500; 5 M % , $15,900; 5 % % , $8,000; 6% , $11,600; 7% , $6,500; 7 % % , $12,500; 8% , $7,100; 9% , $2,500; 10%, $2,000; 12%, $1,500; 16% , $100; 20% , $1,200. Number of loans not over $3,000 each, 675, amounting to $941,307.23. 44 real estate loans made during year, amounting to $86,400. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 }4% Oct., 1918, 2 } i % Number of deposits during year, 14,522, amounting to Number of withdrawals during year, 8,615, amounting to N et increase in amount due depositors . . $55,811 64 57,098 89 690,945 43 . . . . . . . . $803,855 96 656,511 26 . . $147,344 70 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 U. S. Certs, of Indebt. 4}^s 25,250 United States 3)^s 105,250 United States 4Ms 21.000 Massachusetts 3s 20.000 Massachusetts 3pis 10,400 Massachusetts 4s 1.000 Bristol County 4s 5.000 Essex County 4s 16.000 Boston 4s 4.000 Brockton 4s 4.000 Chelsea 3]4s 5.000 Chelsea 4s 10.000 Chicago, 111., 4s 3.000 Everett 4s 1.000 Fall River 3p2S 5.000 Grand Rapids, Mich., 4J^s 1.000 Haverhill 4s 5.000 Los Angeles, Cal, 3%s 2.000 Malden 4s 11.000 New Bedford 4s 3.000 Portland, Ore., 4s 2.000 Somerville 4J^s 10.000 Springfield 4s 5.000 South Norwalk, Conn., 4s 1.000 Worcester 3Hs 17.000 Gardner 4s 500 Hyde Park 4s 3.000 Marblehead 4s 4.000 North Andover 4s 1.000 Warren, R. I., 4s 2.000 Wellesley 4s 1.000 Westfield 4s Public Funds, Notes. $10,000 Chelsea 4J^s 6.000 Revere 4s 10.000 Revere 5s 10.000 Abington 4%s 10.000 Canton 5s 1.000 Dighton 5s 5,900 E. Bridgewater 5}4s 1,500 Holbrook 4s 4,700 Hull 4s 10.000 Leominster 5}4s 4.000 Norwood 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $6,600 Oak Bluffs 4Hs 2.500 Revere 4s 2.000 Sandisfield 5J^s 4.500 Sandwich 4s 4.000 Sandwich 4J^s 1.500 Saugus 4s 4.000 Shelburne 3.65% 2.000 Walpole 4s 7.500 Blandford (F. D.) 4p2S 7.500 Turners Falls (F.D.) 4s Railroad Bonds. $7,000 Baltimore & Ohio 3}^s 10.000 Baltimore & Ohio 4p£s 12.000 Boston & Albany 3Jdis 13.000 Boston & Albany 4s 5.000 Boston & Albany 5s 7.000 Boston & Lowell 3J^s 2.000 Boston & Lowell 4s 5.000 Boston & Maine 3s 2.000 Boston & Maine 3}^s 5.000 Boston & Maine 4s 5.000 Boston & Maine 4 ^ s 10.000 Chi., Burl. & Quincy 3}^s 10,200 Chi., Burl. & Quincy 4s 10.000 Chi., Mil. & St. Paul 4p£s 10.000 Chi. & Northwestern 4s 6.000 Chi. & Northwestern 5s 20.000 Concord & Montreal 4s 10.000 Conn. River 3}4s 7.000 Fitchburg 4s 28.000 Illinois Cent. 3s 5.000 Illinois Cent. 3J^s 5.000 Illinois Cent. 4s 5.000 Louisville & Nashville 4s 11.000 Michigan Cent. 3}4s 5.000 N. Y. C. & H. R. 3V2a 12.000 N. Y., N. H. & H. 3Hs 32.000 N. Y., N. H. & H. 4s 11.000 Old Colonÿ 3J^s‘ 9.000 Old Colony 4s 4.000 Peoria & Northwestern 3j^s 10.000 Portland Terminal Co. 4s 1.000 Providence Terminal Co. 4s 5.000 Upper Coos 4s 6.000 Washington County 3}^s ' Street Railway Bonds. Par Value. $20,000 Boston Elevated 4s 20.000 Boston Elevated 4)^s 25.000 Boston & Northern 4s 1.000 East Middlesex 4s 17.000 Lynn & Boston 5s 5.000 Springfield 4s 3.000 Uxbridge & Blackstone 5s 24.000 West End 4s 7.000 West End 4p£s 3.000 West End 5s 3.000 Worcester & Clinton 5s 5.000 Worcester Consol. 4>£s Bank Stocks. Shs. 20 Beverly Nl. Bk. 30 Boylston Nl. Bk., Boston 10 Merchants Nl. Bk., Boston 25 Nl. Union Bk., Boston 5 Old Boston Nl. Bk., Boston 12 Second Nl. Bk., Boston 20 Webster & Atlas Nl. Bk., Boston 125 Chelsea Tr.' Co., Chelsea 25 Danvers Nl. Bk. 25 Dedham Nl. Bk. 30 Metacomet Nl. Bk., Fall River 7 Fitchburg Bank and Trust Co. 5 Gloucester S. D. & Tr. Co. 1 Merrimack Nl. Bk., Haverhill 30 City Nl. Bk., Holyoke 46 Appleton Nl. Bk., Lowell 60 Old Lowell Nl. Bk., Lowell 10 Union Nl. Bk., Lowell 50 WameSit Nl. Bk., Lowell 10 National Bk. of Methuen 1 Blue Hill Nl. Bk., Milton 25 First Nl. Bk., Newburyport 25 Warren Nl. Bk., Peabody 15 First Nl. Bk., Portsmouth, N. H. 66 Merchants Nl. Bk., Salem 15 Naumkeag Tr. Co., Salem 20 Chicopee Nl. Bk., Springfield [Pub. Doc. REPO RT OF THE 90 CROCKER INSTITUTION FOR SAVINGS, TURNERS FALLS. 40 SECOND STREET. Incorporated April 3, 1869. Number of corporators, 42; number of trustees, 17. N o r m a n P . F a r w e l l , Treasurer. J a m b s A . G u n n , President. C h a r l e s R . St o u g h t o n , Clerk of the Corporation. Board of Trustees: E . L . B a r t l e t t , H . D . B a r d w e l l , H . B . B a r t o n , A . C . B u r n h a m , C . A . D a v i s , N . P . F a r w e l l , P o r t e r F a r w e l l , W . H . P . G il m o r e , E . L . G o d d a r d , J. A . G u n n , J. A . G u n n , Jr., H . M . H a r l o w , J. J. L e a r y , F . H . M o n t a g u e , A . R . S m it h , G e o r g e St a r b u c k , C . R . S t o u g h t o n . Board of Investment: J. A . G u n n , E . L. G o d d a r d , J. J. L e a r y . Auditing Committee: C . R . S t o u g h t o n , J. J. L e a r y , W . H . P. G il m o r e . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours; 9 a .m . to 3 P.M.; Saturdays, 9 a .m . to 12.30 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . Railroad bonds and notes . . . Street railway bonds . . . . American Tel. & Tel. Co. bonds . Stocks of banks and trust companies 387 loans on real estate (average of each, Less amount due on uncompleted loans . . . . . . . . . . $8,853.94) • . . 75 30 75 00 00 1,491,475 221,002 40,000 10 29,098 3,805 00 50 00 00 81 46 $1,493,475 00 2,000 00 74 loans on personal security . . . . Bank building and fixtures ( estimated value, $43,000; assessed value, $28,000 ) W ar savings stamps and thrift stamps . Deposits in national banks or trust companies Cash and cash items . . . . . . Total Assets $197,061 365,655 107,898 44,300 7,500 . $2,507,807 57 Liabilities. Due depositors on 5,158 accounts, averaging $450.91 each . $2,325,837 39 (Accounts opened during year, 398; closed, 410; decrease, 12) Surplus: — a. Guaranty fund (5.05% of deposits; increase during year, $1,500) b. Profit and loss (increase during year, $6,879.93) Current income: — a. Interest . . . . . . . $11,780 67 b. R ent . . . . . . . 767 91 $12,548 58 2,429 76 ------------------- Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 117,500 00 54,351 36 Total Liabilities . 10,118 82 . $2,507,807 57 91 BANK COMMISSIONER. •No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $3,462.63 $ 4,908.27 $ 4 0 0 .0 0 Cost per $1,000 of assets 1 .3 8 1 .9 5 .16 Cost per $1,000 of assets not including State tax and rent . $2 0 0 .9 0 .08 Other Expenses. $ 7 89 .72 .31 Total. $ 9,761.52 3 .8 8 2 .3 4 Gross income received during the year, $116,206.96. Rates on Investments and Loans (Average on All, 5.34%). Real estate loans (average rate, 5)^ per cent.): 5 )^ % , $1,491,475. Personal loans (average rate, 5.32 per cent.): 5% , $79,260; 5J^%, $141,742.50. Bonds, stocks, etc. (average rate on amounts invested, 4.3^ per cent.): 3% , $10,000; j3J ^ % , $ 59,000 ; 4% , $359,000; 4}4% , $35,700; 4 ^ % . $172,500; 4 M % . $4,000; 5% , $90,000 ;! 7%,>$7,500. Number of loans not over $3,000 each, 371, amounting to $363,382.50. 15 real estate loans made during year, amounting to $34,790. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% . . . . . July, 1918, 2 M % ............................................... Number of deposits during year, 3,483, amounting to . . . . . Number of withdrawals during year, 2,909, amounting to N et increase in amount due depositors . . . . . . . . . . . $45,091 11 51,462 71 271,111 47 . $367,665 29 347,531 66 . $20,133 63 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 U. S. Certs, of Indebt. 4}4a 35,700 United States 4J^s 15.000 State of California 4s 10.000 Massachusetts 4s 25.000 Boston 3}4s 5.000 Buffalo, N. Y., 4s 20.000 Fall River 4s 15.000 Fitchburg 4s 10.000 Los Angeles, Cal., 4J^s 3.000 Lynn 4s 5.000 Minneapolis, Minn., 4s 5.000 Norwalk, Conn., 4s 10.000 San Francisco, Cal., 5s 10.000 Seattle, Wash., 5s 10.000 Peabody 3)4s Public Funds, Notes. $500 Gill 4 ^ s 4.000 Gill 4M b 4.000 Montague 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $15,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4)4a 25.000 Baltimore & Ohio 5s 49.000 Boston & Maine 4s 10.000 Boston & Maine 4}^s 3.000 C., B. & Q. 3J^s 30.000 C., B. & Q. 4s 10.000 Chic., Mil. & St. Paul 4)^s 10.000 Chic., R. I. & Pacific 4s 2.000 Conn. & Pass. Rivers 4s 10.000 Delaware & Hudson Co. 4s 8.000 Fitchburg 4s 12.000 Fitchburg 4J^s 15.000 Fitchburg 5s 10.000 Illinois Central 3s 16.000 Illinois Central 3b£s 15.000 Illinois Central 4s 10.000 Louisville & Nashville 5s 20.000 Maine Central 4}^s 5.000 N. Y „ N. H. & H. 3^a 35.000 N. Y., N. H. & H. 4s Par Value. $10,000 No. Maine Seaport 5s 15.000 Northern Pacific 4J^s 13.000 Old Colony 4s 10.000 Vermont Valley 4%a 5,000 Worcester, Nash. & R. 4s Street Railway Bonds. $10,000 Boston Elevated 4s , 40,000 Boston Elevated 4}is 10.000 Boston & Northern 4s 5.000 Fitchburg & Leominster 4)^s 10.000 Hoosac Valley 4s 5.000 Old Colony 4s 10.000 West End 4J^s 10.000 West End 5s 10.000 Worcester Consol. 4Hs Bank Stocks. Shs. 75 Crocker Nl. Bk., Turners Falls 92 REPO RT OF TH E [Pub. Doc. DANVERS SAVINGS BANK, DANVERS. 13 Incorporated March 20, 1850. MAPLE STREET. Number of corporators, 56; number of trustees, 19. J o s h u a A h m it a g e , President. C h a r l e s H . P r e s t o n , Treasurer. A r t h u r W . B e c k f o r d , Clerk of the Corporation. Board of Trustees: J o sh u a A r m it a g e , A . W . B e c k f o r d , J a m e s A . B e c k f o r d , D . S. B r o w n , G . W . C l a p p , L. S. C o u c h , A . P. H u t c h in s o n , J u l iu s P e a l e , C. N . P e r l e t , I. D . P o p e , C . H . P r e s t o n , A . H . P u t n a m , L. J. R o ss , G . B . S e a r s , W . E . S m a r t , E . F . S t r o n g , H . S. T a p l e y , H . H . W il k in s , I. M . W o o d b u r y . Board of Investment: J o sh u a A h m it a g e , C . N . P e r l e y , I. D . P o p e , L. J. R o s s , H . S. T a p l e y . Auditing Committee: J o sh u a A h m it a g e , J u l iu s P e a l e , A . H . P u t n a m , W . E . S m a r t . Deposits draw interest from first day of January, April, July and October; dividends are payable April 1 and October 1. Business hours: 8 a .m . to 2 p .m .; Saturdays, 8 a .m . to 12 m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes . . . . Street railway bonds . . . . . Boston Terminal Co. bonds . . . . American Tel. & Tel. C o. bonds Stocks of banks and trust companies Securities acquired in settlement of indebtedness 619 loans on real estate (average of each, $3,293.92) Less amount due on uncompleted loans . 10 65 75 00 75 83 00 2,038,934 150,137 40,640 469 29,834 1,068 02 73 40 12 38 70 $2,043,577 28 4,643 26 18 loans on personal security . . . . Real estate by foreclosure, etc. (assessed value, $42,000) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies Cash and cash items . . . . . . T otal Assets $328,528 552,396 171,472 85,000 61,253 15,763 3 . . . . . $3,475,502 43 — Liabilities. Due depositors on 7,675 accounts, averaging $410.17 each . $3,148,079 73 (Accounts opened during year, 762; closed, 620; increase, 1J)2) Surplus: — a. Guaranty fund (5% of deposits; increase during year, $1,943) b. Profit and loss (decrease during year, $3,994-03 ) Current income: — Interest . . . . . . . . . Less current expenses not charged off . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 157,536 00 153,498 72 $16,919 04 531 06 16,387 98 T otal Liabilities . $3,475,502 43 93 BANK COMMISSIONER, No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. $1,531.11 .4 5 . . . $ 1 85 .00 .0 5 Am ount paid for $3,4 4 3 .0 6 $5 ,1 1 6 .6 2 $4 0 0 .0 0 Cost per $1,000 of assets .99 1 -4 7 .12 Cost per $1,000 of assets not including State tax and rent . Total. $10,675 .79 3 .0 8 1 .9 7 Gross income received during the year, $166,192.94. Rates on Investments and Loans (Average on All, 4.97%). Real estate loans (average rate, 5.33 per cent.): 4 % , $18,000; 5% , $789,510.99; 5 J i% , $2,150; 5J^%, $1,083,598.03; 5 % % , $3,500; 6% , $142,175. Personal loans (average rate, 6 per cent.): 6% , $150,137.73. Bonds, stocks, etc. (average rate on amounts invested, 4.05 per cent.): 31^% , $164,000; 4% , $572,000; 4M%. $260,000; 4J^%, $199,000; 5% , $52,500; 7% , $3,100; 8% , $800; 12% , $1,000. Number of loans not over $3,000 each 417, amounting to $561,735.25. 20 real estate loans made during year, amounting to $48,398. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2}^% Oct., 1918, 2H% Number of deposits during year, 5,811, amounting to . • $74,317 55 75,657 28 406,058 93 . $556,033 76 470,699 15 Number of withdrawals during year, 5,215, amounting to $85,334 61 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 U. S. Certs, of Indebt. 4)^8 260,000 United States 4'Ms 3.000 Danvers 3)^s 13,000 Danvers 4s 7.000 Saugus 4}^s Railroad Bonds. $1,000 Baltimore & Ohio 3b£s 25,000 Baltimore & Ohio 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Baltimore & Ohio i}4s 25.000 Baltimore & Ohio 5s 10.000 Bangor & Aroostook 5s 70.000 Boston & Maine 4s 25.000 C., B. & Q. 4s 25.000 Chic., Indiana & South. 4s 40.000 Chic., Mil. ft St. Paul 4)^s 25.000 Chicago & Northwestern 4s 50.000 Fitchburg 3}Hs 85.000 Illinois Central 4s 35.000 N. Y. C. & H. R. 4s 25.000 N. Y., N. H. & H. 3Ks 45.000 N .Y ., N .H . & H . 4s 15.000 Northern Pacific 4J^s 52.000 Pennsylvania 4J^s Street Railway Bonds. Par Value. $115,000 Boston Elevated 4s 25.000 Boston & Northern 4s 15.000 West End 4s 10.000 West End 4)^s 10.000 West End 5s Bank Stocks. Shs. 10 Beverly National Bk. 10 Merchants Nl. Bk., Boston 8 Webster & Atlas Nl. Bk., Boston 75 Danvers Nl. Bk. 21 Warren Nl. Bk., Peabody 51 Asiatic Nl. Bk., Salem [Pub. Doc. REPO RT OF THE 94 DEDHAM INSTITUTION FOR SAVINGS, DEDHAM. 603 HIGH STREET. Incorporated March 19, 1831. Number of corporators, 74; number of trustees, 15. C l if t o n P. B a k e r , President. C o r n e l iu s A . T a f t , Clerk of the Corporation. J o sep h H . S o l id a y , Treasurer. E d w a r d C . P a u l , Assistant Treasurer. Board of Trustees: C . P. B a k e r , S. H . C a p e n , F. D . E l y , A . H . H od g d o n , H . D . H u m p h r e y , R . W . R e d m a n , F. P. R o y c e , J. H . S o l id a y , C . A . T a f t , J. H . T u t t l e , W . H . W a d e , J. L. W a k e f ie l d , W in s l o w W a r r e n , S. M . W e l d , W . C . W il l ia m s . Board of Investment: C. P . B a k e r , W Auditing Committee: in s l o w W a r r e n , S. H . C a p e n , R . W . R e d m a n , H . D . H u m p h r e y . F. D . E l y , C . A . T a f t , A . H . H o d g d o n . Deposits draw interest from first day of February, M ay, August and November; dividends are pay able on M onday following the second Saturday of M a y and November. Business hours: 9 a .m to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . Railroad bonds and notes . . . . . ■ Street railway bonds . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . American Tel. & Tel. Co. bonds- . Stocks of banks and trust companies . . . . . 708 loans on real estate (average of each, $2,645.01) . . 25 loans on personal security . . . . . . Bank building and fixtures (estimated value, $45,000; assessed Real estate by foreclosure, etc. (assessed value, $6,000) . Deposits in national banks or trust companies . . . . . . . . . . . . . . .. . . . $541,839 1,980,358 335,302 46,312 98,136 7,500 1,872,669 690,000 35,000 4,394 123,926 . . . . . value, $62,500) . . . . T otal Assets . . . . 25 60 50 50 25 00 00 00 00 57 40 . $5,735,439 07 Liabilities. Due depositors on 14,120 accounts, averaging $366.05 each . $5,168,761 77 (Accounts opened during year, 1,942; closed, 1,206; increase, 736) Surplus: — a. Guaranty fund (5.06% of deposits; increase during year, none) b. Profit and loss (increase during year, $28,108.54) . Current income: — Interest . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 261,992 77 171,262 37 133,422 16 . $5,735,439 07 No. BANK COMMISSIONER, 95 T otal Expenses for the Year, including State Taxes.* State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $ 1 4,627 .95 $11,112 .50 $1 ,0 0 0 .0 0 Cost per $1,000 of assets 2 .5 5 1 .9 3 .17 Cost per $1,000 of assets not including State tax and rent . . . Other Expenses. Total. $1,783.54 .31 . . $28,523 .99 4 .9 6 2 .2 4 . Gross income received during the year, $266,857.05. Rates on Investments and Loans (Average on All, 5.03%). Real estate loans (average rate, 5.99 per cent.): 5% , $9,550; 5)4% , $9,200; 6% , $1,853,919. Personal loans (average rate, 6 per cent.): 6% , $690,000. Bonds, stocks, etc. (average rate on amounts invested, 4.22 per cent.): 3)4% , $516,000; 4% , $1,739,840.90; 4 M % , $90,150; 4 )4 % , $533,000; 5% , $134,000; 6% , $73,000; 8% , $7,500. Number of loans not over $3,000 each, 530, amounting to $918,955. 9 real estate loans made during year, amounting to $33,100. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: N ov., 1917, 2% M ay, 1918, 2% Number of deposits during year, 18,409, amounting to $100,701 88 99,763 53 582,976 92 Number of withdrawals during year, 9,124, amounting to N et decrease in amount due depositors . . . . . . . . . . . . $783,442 33 810,828 49 . $27,386 16 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $103,000 U S. Certs, of Indebt. 4)4s 7,000 United States 3)4s 10,750 United States 4s 90,150 United States 4^£s 80.000 Boston 3)4s 50.000 Boston 4s 38.000 Bridgeport, Ct., 4s 12.000 Indianapolis, Ind., 4s 24.000 Lynn 4s 10.000 Newton 3)4s 45.000 Newton 4s 38.000 Norwalk, Ct., 4s 10.000 Dedham 4s 25.000 Methuen 4s Railroad Bonds. $75,000 Atch., Top. & Santa F6 4s 100,000 Baltimore & Ohio 3)4 b 50.000 Baltimore & Ohio 4J/os 50.000 Boston & Albany 3)4 b 25.000 Boston & Albany 4s 20.000 Boston & Lowell 4s 14.000 Boston & Maine 3J^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $80,000 Boston & Maine 4s 45.000 Boston & Maine 4)48 25.000 Boston, R. B. & L. 4J^s 30.000 C., B. & Q. 4s 25.000 Chi., Mil. & Pug. Sound 4s 50.000 Chi., Mil. & St. Paul 4s 52.000 Chic., Mil. & St. Paul 4 ^ s 24.000 Chic., Mil. & St. Paul 6s 100.000 Chic. & North. 4s 45.000 Concord & Montreal 4s 40.000 Delaware & Hudson Co. 4s 65.000 Fitchburg 4s 15.000 Fitchburg 4J^s 45.000 Fitchburg 6s, notes 85.000 Illinois'Central 3)4s 75.000 Lake Shore & Mich. So. 4s 61.000 Louisville & Nashville 5s 4,000 Louisville & Nashville 6s 110.000 Maine Central 4)4s 75.000 Minn., Sit. St. M. & A. 4s 50.000 Minn., St. P. & Sit. St, M. 4s 50.000 N. Y. C. & H. R. 3)4 b 50.000 N. Y . C. & H. R. 4s 20.000 N. Y., N. H. & H. 3)4a 160.000 N. Y., N. H. & H. 4s 30.000 Norwich & Worcester 4s Par Value. $25,000 Old Colony 3J^s 99.000 Old Colony 4s 15.000 P., Gt. Falls & C. 4J^s 50.000 Southern Pacific 4s 29,090 St. Paul, Minn. & Man. 4s 26.000 St. Paul, Minn. & Man. 4)4s 25.000 Washington Co. 3)4s 28.000 Wore., Nash. & R. 4s Street Railway Bonds. $100,000 Boston Elevated 4s 67.000 Boston Elevated 4)4b 15.000 Boston Elevated 5s 50.000 Boston & Northern 4s 25.000 Holyoke 5s 13.000 Lynn & Boston 5s 30.000 Old Colony 4s 25.000 West End 4)4s 20.000 West End 5s Bank Stocks. Shs. 75 Dedham Nl. Bk. 96 REPO RT OF THE [Pub. Doc. DORCHESTER SAVINGS BANK, BOSTON. 586 COLUMBIA ROAD (DORCHESTER DISTRICT). Incorporated April 16, 1894. Number of corporators, 31; number of trustees, 16. F r e d e r ic k L. W a l k e r , President. G e o r g e W . B r a d f o r d , Treasurer. W m . W . W h it m a r s h , Clerk of the Corporation. Board of Trustees: W . H . A b b o t t , F. W . A r c h e r , G. W . B r a d f o r d , H . W . B u r k e , S a m u e l C r o w e l l , G . E . F r o s t , J. L. G o ss , N . C . H a r r is o n , L. J. L o g a n , J oh n M o r t o n , W . H . R o b e y , L. C . S o u t h a r d , A . H . St e a r n s , F. L. W a l k e r , W . W . W h it m a r s h , E . S. W o o d b u r y . Board of Investment: F . L . W a l k e r , W . H . R o b e y , H . W . B u r k e , A . H . S t e a r n s , N . C . H a r r is o n . Auditing Committee: W . W . W h it m a r s h , W . H . R o b e y , E . S. W o o d b u r y . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable next day following second Wednesday of April and October. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m . and 6 to 8 p .m ., for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds American Tel. & Tel. Co. bonds . . . . 340 loans on real estate (average of each, S3,118.57) . 39 loans on personal security . . . Real estate by foreclosure, etc. (assessed value, $19,100) W ar savings stamps and thrift stamps . Deposits in national banks or trust companies Cash and cash items . . . . . . T otal Assets . I . $194,360 164,772 80,553 9,012 1,060,315 382,775 13,682 101 79,176 13,196 74 00 35 50 00 00 34 70 67 41 . $1,997,945 71 Liabilities. Due depositors on 8,161 accounts, averaging $229.76 each . $1,875,104 98 {Accounts opened during year, 856; closed, 1,217; decrease, 361) Surplus: — a. Guaranty fund {2.34% of deposits; increase during year, $4,701.38) . b. Profit and loss {increase during year, $3,144-54 ) . . . . . Current income: — Interest . . . . . . . . . . $12,119 82 Less current expenses not charged off . . . . 319 69 ------------------Unearned discount . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . ' 43,941 07 48,766 90 11,800 13 693 83 17,638 80 . $1,997,945 71 BANK COMMISSIONER, No. 8.] 97 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Kent. Other Expenses. Total. $1,434.30 .7 2 $10,700.11 5 .3 5 3 .6 1 $1 8 3 .6 4 .09 Am ount paid for $ 2 ,9 3 0 .9 2 $5,6 1 1 .2 5 $ 5 40 .00 C ost per $1,000 of assets 1 .4 7 2 .8 0 .27 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $101,174.11. Rates on Investments and Loans (Average on All, 5.47%). Real estate loans (average rate, 5.75 per cent.): 5% , $174,100; 5M%> $179,050; 6 % , $707,165. Personal loans (average rate, 6.32 per cent.): 5% , $27,000; 6 % , $110,275; 6 ^ % , $140,500; 6 % % , $100,000; 7% , $5,000. Bonds, stocks, etc. (average rate on amounts invested, 4.09 per cent.): 3% , $15,000; 3M % , $ 1 2 2 ,0 0 0 ; 4 % , $142,350; 4 M % . $79,000; 4M % , $75,000; 5% , $24,000. Number of loans not over $3,000 each, 207, amounting to $391,525. 6 real estate loans made during year, amounting to $21,600. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 M % Number of deposits during year, 10,086, amounting to Number of withdrawals during year, 7,622, amounting to N et increase in amount due depositors . . . $34,956 40 39,419 22 464,369 82 • . . . . . . . . . $538,745 44 523,203 95 . $15,541 49 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $88,000 United States 4J^s 8.000 Massachusetts 3Mb 8.000 Massachusetts 4s 2,500 Barnstable County 4s 2.000 Beverly 4s 11.0 0 0 Boston 3Hs 11.000 Boston 4s 6.000 Brockton 4s 17.000 Chelsea 3M.B 3.000 Haverhill 4s 2,750 Medford 4s 5.000 New London, Ct., 3.000 Seattle, Wash., 4Mb 10.000 Worcester 4s 10.000 Hyde Park 4s 2,100 Wareham 4s 3.000 West Rutland, Vt., 3Mb 1.000 W. & So. Acton (W. S. D.) 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $20,000 Baltimore & Ohio 4Mb 3.000 Boston & Albany 3Ma 6.000 Boston & Albany 4s 5.000 Boston & Maine 3s 4.000 Boston & Maine 3Ms 10.000 Boston & Maine 4s 2.000 Bridgeton & Saco River 4s 15.000 C., B. & Q. 3Mb 5.000 Chic., Mil. & St. Paul 4s 5.000 Chic. & Northwestern 3Mb 3.000 Conn. & Pass. Rivers 4s 3.000 Dexter & Piscataquis 4s 11.000 Fitchburg 3Mb 3.000 Fitchburg 4s 10.000 Illinois Central 3s 15.000 Illinois Central 3Ms 10.000 Maine Central 4Mb 10.000 N. Y., N. H. & H. 3Mb Par Value. $12,000 N. Y., N. H. & H. 4s 10.000 Old Colony 3Mb 1.000 Old Colony 4s 2.000 P., Gt. Falls & Con. 4Mb 2.000 Portland & R. Falls 4s 5.000 Washington Co. 3Mb Street Railway Bonds. $13,000 Boston Elevated 4s 10.000 Boston Elevated 4Mb 5.000 Boston Elevated 5s 5.000 Boston & Northern 4s 10.000 Marlboro & Westboro 5s 1.000 Mystic Valley 5s 1.000 So. Shore & Boston 5s 5.000 Worcester Consolidated 4Mb 5.000 Worcester Conscl. 5s 2.000 Worcester & Holden 5s 25.000 Worcester & Southbridge 4Mb [Pub. Doc. RE PO R T OF THE EAST BOSTON SAVINGS BANK, BOSTON. 10 M ERIDIAN STREET (EAST BOSTON D IST R ICT ). Incorporated April 26, 1848. Number of corporators, 43; number of trustees, 25. A in s l e y R . H o o p e r , President. R a l p h A . H o o p e r , Clerk of the Corporation. A l v in P. J o h n s o n , Treasurer. B e n j a m in A . D e l a n o , Assistant Treasurer. Board of Trustees: F . E . B u r n h a m , O . G . E a t o n , G . H . G i b b y , R . J. G o v e , W . H . G r a in g e r , F . P . G u r n e y , H a r r y H a m il t o n , J. F . H o d g e , A . R . H o o p e r , A . P . J o h n s o n , E . D . L e ig h t o n , G . H . L i b b y , H . H . L y n c h , J. E . L y n c h , J. T . M a n s o n , D . B . M c P h e r s o n , A . A . M a r t i n , W . A . M o r r is o n , F r e e m a n N ic k e r s o n , R ic h a r d P ig e o n , G . M . P o r t e r , E . P . R o b in s o n , W . C . S m it h , G . M . S t a l k e r , A . M . W a l c o t t . Board of Investment: J. E . L y n c h , G. M . P o r t e r , H a r r y H a m il t o n , A . R . H o o p e r , E . D . L e ig h t o n , R . J. G o v e , F. P. G u r n e y . Auditing Committee: R . J. G o v e , F . E . B u r n h a m , G . M . S t a l k e r . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable after the third Wednesday of January and July. Business hours: 9 a .m . to 2 p .m .; also Saturdays, 2 to 5 p .m ., for deposits only; during June, July, August and September, close at 1 p .m . Saturdays. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Stocks of banks and trust companies . . . Securities acquired in settlement of indebtedness . 1,556 loans on real estate (average of each, $2,524.61) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,928,440 00 150 00 ------------------------. . . . 20 loans on personal security . . . . . . Bank building and fixtures (estimated value, $100,000; assessed value, $113,700) Real estate by foreclosure, etc. (assessed value, $12,200 ) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . , W ar savings stamps and thrift stamps . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash . . . . . . . . . . . . . . T otal Assets . . . . . . . $1,780,717 80 1,099,817 50 183,000 00 169,400 00 1 00 3,928,290 455,800 50,000 7,898 305 134 231,497 7,573 00 00 00 52 27 34 65 04 . . . . . $7,914,435 12 . . . . . $7,175,402 06 Liabilities. Due depositors op 19,974 accounts, averaging $359.24 each (Accounts opened during year, 2,547; closed, 2,101; increase, 446) Surplus: — a. Guaranty fund (4-93% o f deposits; increase during year, $7,273-42) ■ . . 353,534 69 b. Profit and loss (increase during year, $14,918.50) . . . . . . 333,984 62 Current income: — Interest . . . . . . . . . . $52,253 77 Less bank building income account . . . . . 740 02 ------------------------- 51,513 75 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . $7,914,435 12 BANK COMMISSIONER. No. 8.] 99 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Am ount paid for $ 8 ,024.85 $20,141 .95 $3,600.00 d o s t per $1,000 of assets 1 .0 1 2 .5 4 .45 d o s t per $1,000 of assets not including State tax and rent . Other Expenses. $ 4 82 .13 $ 3 ,265.72 .0 6 .41 ............................................... Total. $35,514 .65 4 .4 7 3 .0 1 d ro ss income received during the year, $376,406.30. Rates on Investments and Loans (Average on All, 5.23%). Real estate loans (average rate, 5.43 per cent.): 4M>%, $42,500; 5% , $695,930; 5J^%, $2,936,635; 6 % , $253,225. Personal loans (average rate, 6 per cent.): 6 % , $455,800. Bonds, stocks, etc. (average rate on amounts invested, 4.89 per cent.): 3}4% , $143,000; 4% , $1,282,500; 4 J i% , $550,150; 4J^%, $485,000; 5% , $445,000; 5%%, $5,000; 5.15% , $20,000; 5.35% , $25,000; 6 % , $132,000; 8 % , $9,500; 9% , $8,200; 10%, $75,700; 12%, $8,000; 20% , $68,000. Number of loans not over $3,000 each, 1,222, amounting to $2,222,040. 12 real estate loans made during year, amounting to $32,815. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2L£% July, 1918, 2 M % Number of deposits during year, 33,415, amounting to $147,524 36 149,753 10 1,259,086 00 Number of withdrawals during year, 16,592, amounting to $1,556,363 46 1,265,525 42 N et increase in amount due depositors . . . . . . . . $290,838 04 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $150,000 U. S. Certs, of Indebt. 4J^s 18.000 United States 3J^s 550,150 United States 4Ms 157.000 Massachusetts 4s 15.000 Beverly 4s 140.000 Boston 4s 14.000 Brockton 4s 10.000 Chelsea 4s 25.000 Chicago, 111., 4s 15.000 Dayton, 0 ., 5s '62,000 Fall River 4s 4.000 Fall River 4)^s 13.000 Flint, Mich., 4L£s 11.000 Gloucester 4s 18.000 Haverhill 4s 24.000 Holyoke 4s 24.000 Lowell 4s 35.000 Lynn 4s 12,600 Marlborough 4s 50.000 Minneapolis, Minn., 4s 25.000 New Bedford 4s 10.000 Newton 4s 20.000 Oakland, Cal., 5s 42.000 Omaha, Neb., 4Hs 24.000 Oshkosh, Wis., 4J^s 34.000 Quincy 4s 30.000 San Francisco, Cal., 5s 20.000 Springfield 4s 10.000 Taunton 4s 9.000 Agawam 4s 25.000 Attleborough 4s 10,500 Belmont 4s 10.000 Easthampton 4s 35.000 Falmouth 4s 18.000 Mattapoisett 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Norwood 4s 14.000 Reading 4s 10.000 Swampscott 4s 12.000 West Springfield 4s 10.000 Winthrop 4s Public Funds, Notes. $5,000 20.000 8,000 25.000 Somerville 5^88 Reading 5.15% Stoneham 4s Winchester 5.35% Railroad Bonds. $25,000 Baltimore & Ohio 4s 28.000 Baltimore & Ohio 4Hs 20.000 Bangor & Aroostook 5s 50.000 Boston & Albany 3Hs 15.000 Boston & Albany 5s 25.000 Boston & Maine 4s 25.000 Boston & Maine 4b£s 20.000 Central R.R. of N. J. 5s 15.000 C., B. & Q. 4s 27.000 C., B. & Q. 5s 50.000 Chic., Mil. & St. P. 5s 25.000 Chic. & Northwestern 4s 23.000 Chic. & Northwestern 5s 25.000 Cleveland & Pitts. 3}^s 31.000 Cleveland & Pitts. 4b£s 25.000 Conn. River 3Ms 25.000 Fitchburg 4J4s 25.000 Fre., Elkhorn & M. V. 6s 25.000 Kal., Alle. & G. Rap. 5s 25.000 Lake Shore & Mich. So. 4s 25.000 Louisville & Nashville 5s 29.000 Louisville & Nashville 6s Par Value. $25,000 Maine Central 4Hs 50.000 Mich. Cent.-Det. & B. C. 5s 50.000 Mil., L. S. & W. 5s 13.000 Mil., L. S. & W. 6s 25.000 Minn., Sit. St. M.& Atl. 4s 25.000 N. Y., N. H. & H. zy2s 85.000 N. Y „ N. H. & H. 4s 15.000 No. Maine Seaport 5s 50.000 Old Colony 4s 25.000 Pennsylvania 4}4s 25.000 Portland & Ogdens. 4J^s 5,000 Ports., Gt. F. & Con. 4}^s 15.000 Rome, Wat. & Ogdens. 5s 25.000 St. Johns. & L. Champ. 5s 40.000 St. Paul, Minn. & Man. 6s 25.000 St. Paul & Northern Pac. 6s 25.000 Vermont Valley 4}4s Street Railway Bonds. $75,000 Boston Elevated 4s 38.000 Boston Elevated 4}4s 20.000 Lynn & Boston 5s 25.000 Springfield 4s 25.000 West End 4s Bank Stocks. Shs. 20 Commercial Nl. Bk., Boston 475 First Nl. Bk., Boston 67 Fourth-Atlantic Nl. Bk., Boston 80 Merchants Nl. Bk., Boston 75 Metropolitan Trust Co., Boston 757 Nl. Shawmut Bk.. Boston 15 Nl. Union Bk., Boston 205 Second Nl. Bk., Boston 100 REPO RT OF TH E [Pub. Doc, EAST BRIDGEWATER SAVINGS BANK, EAST BRIDGEWATER. 29 BEDFORD STREET. Incorporated March 8 , 1870. Number of corporators, 4 4 ; number of trustees, 18. C l a r e n c e A . C h a n d l e r , President. C h a r l e s F . M a n n , Treasurer. E d w a r d S. W h it m a r s h , Clerk o f the Corporation. Board o f Trustees: G . A . B u r r e l l , C. A . C h a n d l e r , D . C . F r e n c h , F . E . F u l l e r , R . O . H a r r is , F . O . K e it h , S. A . K e it h , A . L . L e l a n d , C. F . M a n n , E . T . M o r s e , C . L . N u t t e r , R . W . N u t t e r , G . A . R o o t , W . S. S h a w , E . N . W a r d , C . W . W a t e r m a n , G . M . W e b b e r , E . S. W h it m a r s h . Board of Investment: E . N . W a r d , E . S. W h it m a r s h , C. W . W a t e r m a n , E . T . M Auditing Committee: o r se, C. F. M an n . C . A . C h a n d l e r , W . S. S h a w , F . E . F u l l e r . Deposits draw interest from first Tuesday of January, April, July and October; dividends are payable the first Tuesday of January and July. Business hours: 9 a .m . to 12 m .; 1 to 3 p .m'.; Saturdays, 9 a .m . to 1 2 m .; also Wednesdays, 6.30 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & Tel. Co. bonds Stocks of banks and trust companies Securities acquired in settlement of indebtedness 396 loans on real estate (average o f each, $3,366.15) 81 loans on personal security Bank building and fixtures (estimated value, $10,000; assessed value, $ ’,500) Real estate by foreclosure, etc. (assessed value, $6,900) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . Deposits in national banks or trust companies Cash and cash items . . . . . . . $190,875 385,437 88,837 44,057 30,800 19,618 1,332,997 801,907 OO 50 50 50 00 75 00 00 10,000 00 4,565 67 372 38,303 2,423 Total Assets 69 50 73 35 Ofi . $2,950,262 58 Liabilities. Due depositors on 4,790 accounts, averaging $546.03 each . . . . . $2,615,501 80 {Accounts opened during year, 322; closed, 335; decrease, 13) Surplus: — a. Guaranty fund (5.04% o f deposits; increase during year, $2,808.26) . b. Profit and loss (increase during year, $6,995.78) , . Current income: — a. Interest . . . . . . . $58,212 35 b. R e n t ...................................................................... 218 34 ------------------------$58,430 69 Less current expenses not charged off . . . . 3,267 97 Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds Suspense account . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 131,759 23 111,830 28 55,162 16,375 19,534 98 72 73 00 82 . $2,950,262 58 101 BANK COMMISSIONER. N o. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising, Other Expenses. Total. $ 5 8 .9 9 $ 1 ,808.86 .61 $ 1 4,194 .40 3 .0 5 Amount paid for $5,7 8 5 .3 4 $ 6,041.21 $ 5 0 0 .0 0 C ost per $1,000 of assets. .2 0 2 .0 5 .17 Cost per $1,000 of assets not including State tax and rent . .0 2 2 .68 •Gross income received during the year, $150,839.52. Bates on Investments and Loans (Average on All, 5.53%). Real estate loans (average rate, 5.83 per cent.): 5% , $122,500; 5J^%, $193,625; 6 % , $1,016,872. Personal loans (average rate, 6 per cent.): 5 j^ % , $900; 6 % , $786,007; 6 J^%, $10,000; 6 L£%, $5,000. Bonds, stocks, etc. (average rate on amounts invested, 4.50 per cent.): 3 }^ % , $92,000; 4% , $244,500; $168,260; 4 ^ % , $91,000; $2,500; 12% , $5,100. 5% , $127,000; 6 % , $5,000; 8 % , $8,200; 9% , $15,000; 11% , Number of loans not over $3,000 each, 246, amounting to $297,968. 19 real estate loans made during year, amounting to $50,575. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % % July, 1918, 2 ^ % Number of deposits during year, 2,992, amounting to $58,183 54 57,894 03 181,248 30 Number of withdrawals during year, 3,161, amounting to $297,325 87 316,991 92 N et decrease in amount due depositors $19,666 05 . SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $2,000 United States 3J^s 6,500 United States 4s 168,260 United States 4Ms 15.000 Chelsea 4s Railroad Bonds. $20,000 Baltimore & Ohio 3J^s 10.000 Baltimore & Ohio 4)^s 25.000 Baltimore & Ohio 5s 20.000 Boston & Albany 5s 25.000 Boston & Maine 4J^s 25.000 C., B. & Q. V/2s 30.000 C., B. & Q. 4s 25.000 C., Mil. & St. Paul 4s 25.000 C., Mil. & St. Paul 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $5,000 Connecticut River 6 s, notes 25.000 Chic. & Northwestern 4s 5.000 Fitchburg 4s 6.000 Fitchburg 4J^s 25.000 Fitchburg 5s 10.000 Illinois Central 3J^s 12.000 Louisville & Nashville 5s 35.000 N. Y., N. H. & H. 3J^s 45.000 N. Y., N. H. & H. 4s 15.000 Old Colony 4s 10.000 Penobscot Shore Line 4s Street Railway Bonds. $5,000 Boston Elevated 4s 50,000 Boston Elevated 4L£s Par Value. $10,000 Boston & Northern 4s 10.000 Mystic Valley 5s 5,000 West End 4s 10.000 West End 5s Bank Stocks. Shs. 45 First Nl. Bk., Boston 75 Fourth-Atlantic Nl. Bk., Boston 6 Merchants Nl. Bk., Boston 25 State Street Tr. Co., Boston 20 Webster & Atlas Nl. Bk., Boston 75 Brockton Nl. Bk. 62 Home Nl. Bk., Brockton 102 REPO RT OF TH E [Pub. Doc, EAST CAMBRIDGE SAVINGS BANK, CAMBRIDGE. ) 292 CAM BRIDGE STREET (EAST CAM BRIDGE). Incorporated April 29, 1854. Number of corporators, 36; number of trustees, 17. G u st a v u s G o e p p e r , President. R ic h a r d S. H a l l , Clerk o f the Corporation. W il l ia m E . L l o y d , Treasurer. C h a r l e s H . S l o a n , Assistant Treasurer. Board o f Trustees: G . W . D e a r b o r n , J. G . F e r g u s o n , G u st a v u s G o e p p e e , W . F. G o e p p e r , A . H . G r a u s t e in , A . F . H a r l o w , M . J. H a r t y , F . W . H a s t in g s , G . H . L a w r e n c e , W . E . L l o y d , F . H . M a r s h a l l , D . C . P r o u d f o o t , W . F . R oss , C . H . S l o a n , W . P . S u t t o n , F. B . W h e e l e r , H . E . W orcester. Board of Investment: Auditing Committee: G u st a v u s G o e p p e r , F . B . W h e e l e r , D . C . P r o u d f o o t , J. G . F e r g u s o n . F . B . W h e e l e r , M . J. H a r t y , W . F . G o e p p e r . Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable April 15 and October 15. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 a .m . to 12 m . ; also Tues days, for deposits only, from 6 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 1,492 loans on real estate (average of each, $2,727.70) . . . . . 87 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $30,000; assessed value, $34,200) Real estate by foreclosure, etc. (assessed value, $8 ,400) . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . W ar savings stamps and thrift stamps . Interest paid . . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . Total Assets $1,109,503 827,217 217,782 96,093 57,050 12 74 00 75 00 1 00 4,069,730 1,256,201 18,227 5,107 1,415 668 21 120,961 10.439 00 13 92. 78 13 70 74 84 65 . . . . . $7,790,421 50 . . . . . $7,016,832 07 Liabilities. Due depositors on 14,182 accounts, averaging $494.77 each (Accounts opened during year, 1,660; closed, 1,660; increase, 10) Surplus: — а. Guaranty fund {4.98% of deposits; increase during year, $3,686.92) . . . б . Profit and loss {increase during year, $39,790.09) . . . . . . Current income: — Interest . . . . . . . . . . $28,828 72 Less current expenses not charged off . . . . . 2,210 63 -------------- ---------Unearned discount . . . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . . Liberty Loan Bond adjustment account . . . . . . . . Interest on customers’ bonds . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 349,785 37 343,473 12 26,618 20 53,338 267 87 09 00 00 67 18 . $7,790,421 50 No. 8.] BANK COM M ISSIONER. 103 I Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $8,9 3 6 .4 8 $2 0 ,7 9 5 .7 4 Cost per $1,000 of assets 1 .1 4 2 .6 5 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $3 3 7 .3 1 .04 $ 7 ,8 8 3 .7 3 1 .0 1 $ 3 7,953 .26 4 .8 4 3 .7 0 Gross income received during the year, $410,893.47. Rates on Investments and Loans (Average on All, 5.30%). Real estate loans (average rate, 5.51 per cen t.): 5% , $176,050; 53/ 2 % , $3,601,880; 6 % , $291,800. Personal loans (average rate, 6.18 per cent.); 5% , $ 1,000; 5 )4 % , $ 9,300.13; 5 )4 % , $700; 6 % , $901,701; 6 % % , $161,000; 6 )4 % , $75,000; 6 M % , $10,000 ; 7% , $97,500. Bonds, stocks, etc. (average rate on amounts invested, 4.46 per cen t.): 3 )4 % , $235,300; 4% , $1,048,550; 4 )4 % , $290,200; 4 )4 % , $244,750; 5% , $350,000; 5.30% , $20,000 ; 5.40% , $25,000; 5.80% , $10,000; 6 % , $60,500; 7 % , $1,100; 8 % , $27,900; 12% , $21,900; 14% , $3,300. Number of loans not over $3,000 each, 1,035, amounting to $1,737,980. 25 real estate loans made during year, amounting to $89,200. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2)4,% . . . . . Oct., 1918, 2 ) 4 % ............................................... Number of deposits during year, 16,552, amounting to . . . . . . Number of withdrawals dining year, 11,327, amounting to N et increase in amount due depositors . . . . . . . . $1,380,893 56 1,184,665 50 . . $148,276 70 152,923 61 1,079,693 25 . . $196,228 06 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $300 United States 3)4s 120,550 United States 4s 239,200 United States 4)4s 75.000 Massachusetts 3)4e 75.000 Massachusetts 4s 20.000 Boston 3)4s 97.000 Boston 4s 35.000 Boston 4)4s 44.000 Brockton 4s 25.000 Cambridge 3)4s 25.000 Lawrence 4s 7,500 Lowell 4s 87.000 New Bedford 4s 34.000 Quincy 4s 5.000 San Francisco, Cal., 5s 35.000 Worcester 4s 43,500 Belmont 4s 27.000 Chelmsford 4)4s 9.000 Hull 4s 15,750 Hull 4)4s 16.000 Swampscott 4)4s Public Funds, Notes. $20,000 Nantucket 5s 20.000 Brockton 5.30% 25.000 Quincy 5.40% '10,000 Sandwich 5.80% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $25,000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4)4s 50.000 Baltimore & Ohio 5s 15.000 Boston & Albany 3)4s 70.000 Boston & Albany 4s 25.000 Boston & Albany 5s 25.000 Boston & Maine 3)4s 40.000 Boston & Maine 4)4s 15.000 Chic., Mil. & St. Paul 4s 20.000 Chic., Mil. & St. Paul 4)4s 5.000 Chic., Mil. & St. Paul 5s 81.000 Chicago & Northwestern 4s 25.000 Chicago & Northwestern 5s 15.000 Conn. & Pass. Rivers 4s 50.000 Conn. River 3)4s 25.000 Illinois Central 3)4s 5.000 Illinois Central 4s 50.000 Louisville & Nashville 5s 31.000 Louisville & Nashville 6s 10.000 Mil., L. S. & Western 5s 25.000 Minn., St. P. & St. Ste. M. 4s 6.000 Montana Central 6s 30.000 N. Y . C. & H. R. 4s 30.000 N. Y., N. H. & H. 4s 75.000 No . Maine Seaport 5s 20.000 Pitts., McKees. & Yough. 6s 2.000 P., Gt. Falls & Con. 4)4s 50.000 Portland Terminal Co. 4s Street Railway Bonds. Par Value. $115,000 Boston Elevated 4)4s 15.000 Boston & Northern 4s 15.000 Marlboro & Westboro 5s 5,000 West End 4s 70.000 West End 5s Bank Stocks, Shs. 100 Fidelity Tr. Co., Boston 75 Metropolitan Tr. Co., Boston 50 Nl. Shawmut Bk., Boston 54 Nl. Union Bk., Boston 50 Webster & Atlas Nl. Bk., Boston 25 Charles River Tr. Co., Cambridge 144 Lechmere Nl. Bk., Cambridge 33 Concord Nl. Bk. 11 Fall River Nl. Bk. 35 First Nl. Bk., Marlborough REPO RT OF TH E 104 [Pub. Doc. i EASTHAMPTON SAVINGS BANK, EASTHAMPTON. 105 M AIN STREET. Incorporated February 10, 1869. Number of corporators, 43; number of trustees, 25. G e o b g e B . N o b l e , President. C h a r l e s H . J o h n s o n , Treasurer. F r e d e r ic k E . J u d d , Clerk of the Corporation. Board of Trustees: G e o r g e A s t il l , C . A . B u f f u m , J. J. B u r k e , G . S. C o l t o n , G . A . C o o k , W . F. C o y l e , J oh n C u l l e n , F. E . J u d d , J. N . L y m a n , H . L . M a n s f ie l d , A . D . M o n t a g u e , F . P . N e w k i r k , G. B. N o b l e , H . L. P a r s o n s , F . W . P i t c h e r , W . L. P it c h e r , G. H . P o m e r o y , J. E . P o r t e r , H . W . R u 3t , E . L. S h a w , R . M . S m it h , H . O. S t r o n g , H . M . T a y l o r , J o h n W a n a t , W . H . W r ig h t . Board of Investment: G . B . N o b l e , F . P. N e w k i r k , J o h n C u l l e n , J. N . L y m a n , H . N . T a y l o r . Auditing Committee: F. E . J u d d , H . L. M a n s f ie l d , H . W . R u s t . Deposits draw interest from fourth Tuesday of January, April, July and October; dividends are pay able the fourth Tuesday of January and July. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m .; 7 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER, 31, 1918. Assets. Public funds, bonds and notes . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . Stocks of banks and trust companies . . 675 loans on real estate ( average of each, $2,302.21) 306 loans on personal security . . . Deposits in national banks or trust companies Cash . . . . . . . . . . . . . . . . . . . . . . . . . . $197,882 345,591 82,606 40,327 105,501 1,553,994 245,291 53,111 1,774 . . .. . . . . . . . . . . Total Assets . . . . . . . . . . 00 25 25 50 00 22 92 08 49 $2,626,079 71 Liabilities. D u e depositors on 5,930 accounts, averaging $406.69 each $2,411,699 8 8 (Accounts opened during year, 723; closed, 684; increase, 39) Surplus: — a. Guaranty fund (5.01% of deposits; increase during year, $10,000) h. Profit and loss (increase during year, $10,167.90) . .' . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 121,000 00 58,138 04 $13,232 43 2,224 64 11,007 79 24,234 00 . $2,626,079 71 ) N o. 8.] 105 BANK COMMISSIONER. T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. .Amount paid for $2,824.11 $ 6 ,163.96 $5 5 0 .0 0 ■Cost per $1,000 of assets 1 .0 7 2 .3 4 .20 d o s t per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $4 4 9 .4 5 .1 7 $ 2 ,7 0 9 .9 6 1 .0 4 $12,697 .48 4 .8 2 3 .5 5 <3ross income received during the year, $131,278.96. Bates on Investments and Loans (Average on All, 5.25%). Real estate loans (average rate, 5.49 per cent.): 5% , $47,384.28; 5 % % , $1,469,164.94; 6 % , $37,445. Personal loans (average rate, 5.63 per cent.): 5% , $98,350.22; 5 % % , $11,100; 6 % , $125,141.70; 7% , $10,700. Bonds stocks, etc. (average rate on amounts invested, 4.66 per cent.): 3% , $14,000; 3J^%, $40,000; 4% , $332,000; 4 J i% , $46,000; 4 ^ % , $96,000; 5% , $146,100; 5 ^ % , $6,000; 6 % , $52,600; 7% , $12,300; 9 ^ % , $10,000; 10% , $20,000. Number of loans not over $3,000 each, 869, amounting to $951,128.86. 4 5 real estate loans made during year, amounting to $54,105. Dividends, Deposits and Withdrawals. $45,655 38 46,162 81 1,015,431 11 Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2% Num ber of deposits during year, 6,201, amounting to $1,107,249 30 1,074,673 58 N um ber of withdrawals during year, 5,115, amounting to $32,575 72 N et increase in amount due depositors SCHEDULE OP SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 United States 4s 36.000 United States 4)4s 10.000 Massachusetts 4s 5.000 Andover 4s 1.000 Boston 4s 10.000 Boston 4Ms 4.000 Brockton 4s 5.000 Brockton 4J/£s 1.000 Dayton, O., 5s 1.000 Holyoke 4s 5.000 Hyde Park 4s 10.000 Lawrence 4s 1.000 Los Angeles, Cal., 4s 10.000 Los Angeles, Cal., 4)^s 15.000 New Bedford 4s 8.000 Quincy 4s 8.000 Salem 4s 1.000 Seattle, Wash., 4h£s ■6,000 Seattle, Wash., 5s 5.000 Stoneham 4s Public Funds, Notes. .'$6,000 Southampton 5}^s Railroad Bonds. $4,000 Aroostook Northern 5s 10.000 Baltimore & Ohio 4s 15.000 Baltimore & Ohio 4J^js https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $15,000 Baltimore & Ohio 5s 5.000 Bangor & Aroostook 5s 6.000 Boston & Albany 5s 1.000 Boston & Lowell 4s 10.000 Boston & Maine 4s 5.000 C„ B. & Q. 4s 2.000 Chi., Ind. & Southern 4s 10.000 Chi., Mil. & Puget Sound 4s 20.000 Chic., Mil. & St. Paul 4J^s 10.000 Chic., Mil. & St. Paul 5s 5.000 Cleve., Lorain & Wheeling 5s 3.000 Conn. River 4s 10.000 Fitchburg 4s 10.000 Fitchburg 5s 14.000 Illinois Central 3s 20.000 Illinois Central 3^28 20.000 Louisville & Nashville 5s 10.000 Louisville & Nashville 6s 10.000 Maine Central 4)^s 10.000 Minn., St. P. & Sit. St. M. 4s 10.000 Mobile & Ohio 6s 27.000 N. Y. C. & H. R. 4s 20.000 N. Y „ N. H. & H. 3 ^ s 15.000 N. Y., N. H. & H. 4s 26.000 No. Maine Seaport 5s 10.000 Northern Pacific 4b£s 4.000 Northern Pacific 6s 3.000 Old Colony 4s 5.000 Pennsylvania 4s 10.000 Pennsylvania 4Ms 5.000 Portland Terminal Co. 4s Street Railway Bonds. Par Value. $5,000 Boston Elevated 4s 10.000 Boston Elevated 5s 23.000 Boston & Northern 4s 1.000 Brockton 5s 10.000 Georgetown, Row. & Ip. 5s 1,500 Holyoke 5s 2.000 Marlboro & Westboro 5s 5.000 Old Colony 4s 10 .000 Springfield 4s 5.000 West End 4s 5.000 West End 4Hs 5.000 West End 5s 5.000 Worcester Consolidated 4bi>s Bank Stocks. Shs. 66 First Nl. Bk., Adams 100 First NI. Bk., Easthampton 50 Metacomet Nl. Bk., Fall River 4 Monson Nl. Bk. 50 North Adams Nl. Bk. 20 Hamp. Co. Nl. Bk., Northampton 60 Pittsfield Nl. Bk. 132 Chapin Nl. Bk., Springfield 100 Chicopee Nl. Bk., Springfield 100 Pynchon Nl. Bk., Springfield 200 Springfield Nl. Bk. 13 Ware Trust Co. 50 First Nl. Bk., Westfield R E PO R T OF THE 106 [Pub. Doc< EAST WEYMOUTH SAVINGS BANK, EAST WEYMOUTH. 714 BROAD STREET. Incorporated February 20, 1872. F L. r e d e r ic k A l d e n , President. W Board of Trustees: Ja m e s W. F J. H o r d , Number of corporators, 42; number of trustees, 17. H . J. il l ia m A . H o d g e s T P b e v o r e in g Treasurer. , Clerk of the Corporation. , F. L. A l d e n , C . B . C u s h i n g , W . A . D r a k e , W . C . E a r l e , W . J . F i t z s i m m o n s * B . P. F r e n c h , M . P . G a r e y , C . C . H a n d y , B r a d f o r d H a w e s , W . A . H o d g e s , , G . W . P e r r y , W . H . P r a t t , J. A . R a y m o n d , W . M . R e a m y , W . M . T ir r e l l . o l b r o o k Board of Investment: F. L. A l d e n , W . A. D r a k e G . Auditing Committee: W . J. F it z s im m o n s , , W. G. W . W . C. P P E e r r y e r r y a r l e , B r ad fo r d H a w e s , W . J. H o lb r o o k , . , B. P . F r e n c h . Deposits draw interest from tenth day of January, April, July and October; dividends are payable April 10 and October 10. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m . ; also on Mondays, for deposits only, 7 to 8.30 p . m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 461 loans on real estate (average of each, $2,184-67) . . . . . . 1 loan on personal security . . . . . . . Bank building and fixtures (estimated value, $28,000; assessed value, $28,000) Real estate by foreclosure, etc. (assessed value, $147,852 ) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . Deposits in national banks or trust companies . . . . . . C a s h .................................................................................................................... ........... T otal Assets . . . . . . . . . . . . . . . $189,051 354,392 69,187 30,140 12,620 984,081 5,000 21,690 136,627 519 39,846 1,809 30 25 50 00 04 35 00 42 83 69 12 29 . . . . $1,844,965 79 . . . . $1,624,881 8 6 Liabilities. Due depositors on 3,766 accounts, averaging $431.46 each . (.Accounts opened during year, 872; closed, 895; decrease, 23) « Surplus: — a. Guaranty fund (5.50% of deposits; increase during year, none) b. Profit and loss (decrease during year, $30,500-44) • • • Current income: — а. Interest . . . . . . $1,630 77 б . R ent account, etc. . . . . . 29 25 ------------------------Less current expenses not charged off . . $543 92 Less State or local taxes not charged off . 47 65 ------------------------Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . 89,422 00 20,193 48 $1,660 0 2 591 57 ------------ -----------. . . 1,068 45 109,400 00 T otal L ia b ilit ie s .......................................... $1,844,965 79 BANK COMMISSIONER, No. 8.] 107 T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Am ount paid for $ 1 ,924.60 $5,189.83 $ 7 5 0 .0 0 Cost per $1,000 of assets 1 .0 4 2 .8 1 .4 0 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $ 1 76 .30 .0 9 $2,1 9 9 .8 9 1 .1 9 $ 1 0 ,2 4 0 .6 2 5 .5 3 4 .0 9 Gross income received during the year, $80,196.36. Rates on Investments and Loans (Average on All, 5.17%). Real estate loans (average rate, 5.72 per cent.): 5% , $223,572.15; 5J^%, $102,329.50; 5% % , $2,900; 6 % , $650,858.70; 6 ^ % , $1,715; 7% , $2,406; 8 % , $300. Personal loans (average rate, 6 per cent.): 6 % , $5,000. Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3}4% , $38,000; 4% , $256,000; 4 M % , $88,870; 4 y2%, $155,000; 5% , $121,000. Number of loans not over $3,000 each, 394, amounting to $622,535.70. 22 real estate loans made during year, amounting to $87,750. Dividends, Deposits and Withdrawals. Ordinary dividends declared dining year: April, 1918, 2% Oct., 1 9 1 8 ,2 % Number of deposits during year, 2,902, amounting to . Number of withdrawals during year, 3,111, amounting to . N et decrease in amount due depositors . . . . $32,859 93 32,144 82 165,770 75 . . . . . . . . $230,775 50 290,508 58 . $59,733 08 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $88,870 United States 4Ks 20.000 Boston 4s 11.000 Chelsea 4s 10.000 Los Angeles, Cal., 4J^s 7.000 Malden 4s 9.000 New Bedford 4s 15.000 San Francisco, Cal., 4Hs 5.000 San Francisco, Cal., 5s 10.000 Seattle, Wash., 5s 12.000 Attleborough 3Hs 1.000 Easthampton 4s 1.000 Milton 3J^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $25,000 Aroostook Northern 5s 15.000 Baltimore & Ohio 3}//s 5.000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio i)4.s 20.000 Bangor & Aroostook 5s 10.000 Boston & Albany 4s 10.000 Boston & Maine. 4s 85.000 Boston & Maine 4J/£s 10.000 Chi., Burl, & Quincy 3H>s 5.000 Chi., Mil & Puget Sound 4s 10.000 Fitchburg 4s 10.000 Fitchburg 5s Par Value. $5,000 Lake Shore & Mich. So. 4s 5,000 Louisville & Nashville 4His 10.000 Louisville & Nashville 5s 10.000 N. Y. C. & H. R. 4s 91.000 N. Y „ N. H. & H. 4s 25.000 No. Maine Seaport 5s 3.000 Old Colony 4s Street Railway Bonds. $30,000 Boston Elevated 4Hs 25.000 Boston & Northern 4s 15.000 Lynn & Boston 5s 1,000 Worcester Consol. 5s 108 REPO RT OF TH E [Pub. Doc, ELIOT SAVINGS BANK, BOSTON. r 165 DUDLEY STREET. Incorporated F ebruary"!, 1864. ^Al b e r t E . C a r r , President. F S .Board of Trustees: J. F . F F . B o w l e A. , C. E . r e w s t e r F . H T . S. L o c k w o o d W. S H . Number of corporators, 51; number of trustees, 24. l o c u m , F. , S. .Board of Investment: , A l d r ic h A. a y d e n E . C T , A a r r C . L. , W . M E. A . e t h A . E . C , I. a r r Y. B C a y w a r d a c o n L. D . S , J h u b b u c k , , F . N . N G . P. G r a n g e r , Treasurer. a y , G H B u d so n , C. L . o r h a m R a l d w in D o d g d o n e , F N , C . T . B o r m a n d ie r a n k o g e r s H a r r y , H . , F . N . R , D . M . B D . F o r b e s W. u s s e l l , L. o u g h t o n , S. l a ir , S. , A. L e l a n d , D . S e a v e r , l d r ic h , . , W . S. L e l a n d L . D . Auditing Committee: E. r a n k Clerk of the Corporation. , o w l e u g u stu s H e n d u m in k h a m F e a v e r , G. P. H , C . L. H S e a v e r o d g d o n , a y w a r d , G R o r h a m o g e r s , C . E . A . F r a n k H o u g h t o n . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable the Thursday following the second Wednesday of April and October. Business hours: 9 a . m . to 3 p . m . ; Saturdays, 9 a . m . to 12 m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds . American Tel. & Tel. C o. bonds Stocks of banks and trust companies '711 loans on real estate (average of each, $4,801.77) 77 loans on personal security Bank building and fixtures (estimated value, $120,000; assessed value, $120,000) Real estate by foreclosure, etc. (assessed value, $173,700 ) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . Deposits in national banks or trust companies Total Assets . . . . . . . . . $1,311,303 1,569,337 167,000 93,617 114,493 3,000 3,058,560 2,076,014 125,807 104,377 521 559 320,556 35 50 00 50 75 00 00 55 65 16 81 86 22 $8,945,149 35 Liabilities. Due depositors on 19,692 accounts, averaging $420.44 each . $8,279,390 59 (Accounts opened during year, 1,737; closed, 2,195; decrease, 458 ) ; Surplus: — a. Guaranty fund ( 5.07% of deposits; decrease during year, 811,000) b. Profit and loss (increase during year, $8,857.66 ) Current income: — Interest . . . . . Less current expenses not charged off . . $1,949 05 Less State or local taxes not charged off . . 2,544 00 419,494 03 136,101 07 $8,065 71 4,493 05 ---------------Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 3,572 6 6 ' 106,591 00 . $8,945,149 35 BANK COMMISSIONER. No. 8.] 109- T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Eent. Advertising. Am ount paid for $ 2 0 ,8 9 0 .7 0 $18,254 .73 $ 5 ,0 0 0 .0 0 Cost per $1,000 of assets 2 .3 4 2 .0 4 .5 6 Cost per $ 1 ,0 0 0 of assets not including State tax and rent . $ 1 5 6 .0 0 .0 2 Other Expenses. Total. $ 3 ,6 0 3 .5 6 .4 0 $47,904.99' 5 .3 0 2.46- Gross income received during the year, $409,010.88. Rates on Investments and Loans (Average on All, 4.98%). Real estate loans (average rate, 5.37 per cent.): 4J^%, $63,660; 4 % % , $18,000; 5% , $926,600; 5J^%, $9,000; 5 ^ % , $1,775,235; 6 % , $266,065. Personal loans (average rate, 6.01 per cent.): 6 % , $2,039,014.55; 6 J^%, $10,000; 6 J^%, $27,000. Bonds, stocks, etc. (average rate on amounts invested, 3.97 per cent.): 3% , $25,000; 3J^%, $1,163,700; 4% , $1,490,750 ; 4 M % . $265,709.60; 4J^%, $278,000; 5% , $85,000; 12% , $3,000. Number of loans not over $3,000 each, 355, amounting to $715,985. 29 real estate loans made during year, amounting to $142,250. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2J4% Oct., 1918, 2 M % Number of deposits during year, 19,048, amounting to ■ Number of withdrawals during year, 17,143, amounting to . • N et decrease in amount due depositors . . . . §179,438 80' 178,177 16 1,090,144 53 . . . . $1,447,760 4 9 1,495,823 44 . . . $48,062 95- SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $200,000 U. S. Certs, of Indebt. 4J^s 2,200 United States 3b£s 49,350 United States 4s 266,935 United States i}4s 150.000 Massachusetts 3Ms 10.000 Bristol County 4s 125.000 Boston 3}is 13.000 Brockton 4s 25.000 Fall River 3}4a 10.000 Fall River 4s 26.000 Gloucester 3J^s 19.000 Holyoke 4s 2.000 Lynn 3J^s 51.000 Lynn 4s 28.000 New Bedford 3}4s 66.000 New Bedford 4s 39.000 Newburyport 3}4a 13.000 Newton 3}4a 65.000 Somerville 4s 3.000 Somerville 4b£s 15.000 Taunton 4s 25.000 Waltham 3}^s 33,500 Worcester 3J^s 10.000 Danvers 4s 24.000 Framingham 4s 12.000 Westfield 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Public Funds, Notes. Par Value. $15,400 Dedham 4s 24,000 Dalton (F. D.) 4s Railroad Bonds. Par Value. $100,000 Illinois Central 34£s 25.000 Michigan Central 3}4s 50.000 Minn., St. P. & Sit. St. M. 4s 50.000 New England 4s 75.000 N. Y. C .& H .'R . 33^s 25.000 N. Y. & N. E. Term. 4s 30.000 N. Y., N. H. & H. 3Ha 169.000 N. Y., N. H. & H. 4s 25.000 No. Maine Seaport 5s 145.000 Old Colony 4s 25.000 Peoria & Northw. 3Jd>s 25.000 Washington Co. 3}4a $25,000 Baltimore & Ohio 4s 13.000 Boston & Albany 3%s 26.000 Boston & Albany 4s 10.000 Boston & Albany 5s 50.000 Boston & Lowell 3}4s 50.000 Boston & Lowell 4%s 100.000 Boston & Maine 3Mis 50.000 Boston & Maine 4s Street Railway Bonds.. 25.000 Boston, Rev. B. & Lynn i}4s 100.000 C„ B. & Q. 34£s $57,000 Boston Elevated 4s 125.000 C., B. & Q. 4s 60.000 West End 4s 50.000 Chic. & Northwestern 4s 50.000 West End 5s 50.000 Concord & Montreal 4s 25.000 Conn. & Pass. Rivers 4s 25.000 Conn. River 4s 25.000 Erie & Pittsburgh 3J^s 25.000 Fitchburg 3}4s Bank Stocks. 50.000 Fitchburg 4s Shs. 25.000 Illinois Central 3s ‘ 30 Merchants Nl. Bk., Boston 110 P?ub. Doc, REPO RT OF TH E ESSEX SAVINGS BANK, LAWRENCE. 296 ESSEX STREET. Incorporated March 15, 1847. W a l t e r E. P a r k e r , Number of corporators, 28; number of trustees, 13. President. F A r a n k l in B u t l e r Board of Trustees: F. H . R E a t o n ic h a r d W C . U. B e l l , F r a n k l i n G . E . K u n h a r d t , R . J. M a r d , H. K. W e b s t e r . , Board of Investment: W. E. Auditing Committee: F. B . D P a r k e r a v is , F , B , u t l e r , T . a c a r t n e y H. K. r a n k l in W B I. C l b e r t o u c h , Treasurer. Clerk of the Corporation. , e b st e r u t l e r , M . W . E. , J. E . R . J. C o g sw e l l P a r k e r V M , A. I. C o u c h , B y r o n T r u e l l , F. H . E a t o n a r n e y a c a r t n e y , , F. B . J. E . V a v is , a r n e y D , . . Deposits draw interest from third Wednesday in January, April, July and October; payable the third Wednesday of April and October. Business hours: 9 a . m . to 1 urdays, 2 to 4 p . m . and 7 to 8 p . m . dividends are . ; also Sat p .m STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 1,641 loans on real estate (average of each, $4,808.88) . . . . . . 99 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $125,000; assessed value, $118,700) . . Real estate by foreclosure, etc. (assessed value, $4,100) . . . . . . W a r savings stamps and thrift stamps . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ................................................................................................................................................................... T otal Assets $1,936,500 00 2,274,000 00 370,000 00 180,000 00 327,500 00 7,890,300 00 2,423,100 00 70,000 00 7,917 76 1,900 0 0 420,776 23 21,627 75 . . . . . $15,923,621 74 . . . . . $14,415,952 25 Liabilities. Due depositors on 29,949 accounts, averaging $481.35 each (Accounts opened during year, 4,401; closed, 4,109; increase, 83%) Surplus: — • a. Guaranty fund (4.95% of deposits; increase during year, $15,000) . b. Profit and loss (increase during year, $31,609.91) . . . . Deposits or installments received on sale3 of Liberty Loan Bonds . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . . 715,000 00 659,255 99 133,413 50 . . $15,923,621 74 . . Ill BANK COMMISSIONER. No. 8.1 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Am ount paid for $ 2 4,126 .86 $27,819 .46 $3 ,6 0 0 .0 0 Cost per $1,000 of assets 1 .5 1 1 .7 4 .2 2 Cost per $1,000 of assets not including State tax and rent . $9 0 1 .0 4 .0 5 . . . $ 1 0,778 .66 .6 7 . . Total. $ 6 7,226 .02 4 .1 9 2 .4 6 •Gross income received during the year, $799,024.76. Rates on Investments and Loans (Average on All, 5.39% ). Real estate loans (average rate, 5.37 per cent.); 4 )^ % , $232,000; 4jki%, $40,000; 5% , $2,118,850; 5J ^ % , $4,875,950; 6 % , $623,500. Personal loans (average rate, 5.99 per cent.): 5 }^ % , $9,600; 5 % % , $3,000; 6 % , $2,410,500. Bonds, stocks, etc. (average rate on amounts invested, 5.14 per cent.): 3J^%, $7,500; 4 % , $1,260,000; 4 M % , SI,054,000; 4 i^ % , $905,000; 5% , $1,020,000; 6 % , $544,000; 8 % , $75,000; 10% , $77,500; 12% , $65,000; 20% , $90,000; 26% , $10,000. Number of loans not over $3,000 each, 987, amounting to $1,633,950 . 118 real estate loans made during year, amounting to $542,650. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2J^% . . . . . Oct., 1918, 2 M % ............................................... Num ber of deposits during year, 37,676, amounting to . . . . . Number of withdrawals during year, 23,723, amounting to Net increase in amount due depositors . . . . . . . . $3,429,887 14 2,879,850 91 . . . $336,405 63 339,594 60 2,753,886 91 . $550,036 23 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $55,000 U. S. Certs, of Indebt. 4Hs 7,500 United States 3}4s 1,054,000 United States 4Ms 200.000 Massachusetts 4s 150.000 Boston 4s 110.000 Chicago, 111., 4s 25.000 Dayton, 0 ., 4J^s 50.000 Fall River 4s 138.000 Lawrence 4s 50.000 Lawrence 4J^s 50.000 New Bedford 4J^s 47.000 Springfield 4s Railroad Bonds. $50,000 Baltimore & Ohio 4J^s 100.000 Baltimore & Ohio 5s 40.000 Bangor & Aroostook 5s 100.000 Boston & Albany 5s 50.000 Boston & Lowell 4s 150.000 Boston & Maine 4Hs 25.000 C., B. & Q. 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $100,000 Chic., Mil. & St. Paul 5s 40.000 Chic. & Northwestern 4s 90.000 Cleveland & Pitts. 4J^s 65.000 Cleveland Short Line 4)^s 100.000 Concord & Montreal 4s 100.000 Fitchburg 5s 200.000 Fre., Elkhorn & M. V. 6s 65.000 Louisville & Nashville 5s 12.000 Louisville & Nashville 6s 100.000 Maine Central 4J^s 65.000 Mil., L. S. & W. 5s 10.000 Mil., Lake Shore & West. 6s 50.000 Minn., St. P. & S. S. M. 5s 50.000 Mobile & Montgomery 4Ms 50.000 Mobile & Ohio 6s 140.000 N. Y., Lack. & Western 6s 150.000 N. Y., N. H. & H. 4s 25.000 Norfolk & Western 6s 22.000 Pensacola & Atlantic 6s 50.000 San Fran. & San Joaq. V. 5s 100.000 St. P., Minn. & Man. 4J^s 40.000 St. Paul, Minn. & Man. 6s 35.000 St. Paul & Sioux City 6s 100.000 Wilmar & Sioux Falls 5s Street Railway Bonds. Par Value. $70,000 Boston Elevated 4J^s 50.000 Holyoke 5s 200,000 West End 5s 50.000 Worcester Consol. 4Hs Bank Stocks. Shs. 600 First Nl. Bk., Boston 75 Fourth-Atlantic Nl. Bk., Boston 400 Merchants Nl. Bk., Boston 500 Nl. Shawmut Bk., Boston 200 Nl. Union Bk., Boston 300 Second Nl. Bk., Boston 200 Webster & Atlas Nl. Bk., Boston 100 American Tr. Co., Boston 250 Old Colony Tr. Co., Boston 100 Haverhill Nl. Bk. 400 Bay State Nl. Bk., Lawrence 50 Merchants Trust Co., Lawrence 100 Appleton Nl. Bk., Lowell 112 REPO RT OF TH E [Pub. Doc. EVERETT SAVINGS BANK, EVERETT. 440 BR OADW AY. Incorporated March 1, 1889. Number of corporators, 41; number of trustees, 19. D u d l e y P. B a il e y , President. H e n b y K . V e a z i e , Clerk of the Corporation. E d g a r A . C a t e , Treasurer. S a k a E . D b e s s e b , Assistant Treasurer, Board o f Trustees: D . P. B a il e y , J. A . B e n n e r , J. B . B r o w n , J. J. C a n n e l l , W . H . C a n n e l l , E . A . C a r t e r , E . A . C a t e , C o l u m b u s C o r e y , F. E . D y e r , F. M . H o l m e s , W . P. L o m b a r d , C h a r l e s M a n s e r , N a t h a n N ic h o l s , J. W . P h il b r ic k , G . W . P l a is t e d , T . A . S m it h , J. T . S w a n , H . K . V e a z i e , F. B . W oo ds . Board of Investment: J. J. C a n n e l l , E . A . C a t e , G . W . P l a is t e d , T . A . S m it h , F. B . W o o d s . Auditing Committee: E . A . C a r t e r , F . E . D y e r , N a t h a n N ic h o l s . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable the second Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; also Saturdays, 7.30 to 8.30 p .m ., for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . 367 loans on real estate (average of each, $2,697.71) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $990,460 00 400 00 . . 00 50 50 00 990,060 00 100,510 00 18,000 0 0 19 loans on personal security . . . . Bank building and fixtures (estimated value, $30,000; assessed value, $12,7E0) Furniture and fixtures . . . . . . . . . . . Real estate by foreclosure, etc. (assessed value, $13,700) . . . . . W ar savings stamps and thrift stamps . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . Total Assets $494,200 196,587 69,333 27,970 . . 100 00 . . . . . 8,718 2,194 88,31,7 10,716 52 94 60 74 $2,006,708 80 Liabilities. D ue depositors on 7,903 accounts, averaging $206.13 each . . . . . $1,629,090 03 ( Accounts opened during year, 1,017; closed, 932; increase, 85) Surplus: — a. Guaranty fund (2.81 % of deposits; increase during year, 84,100) b. Profit and loss (increase during year, $834-92) . . . Deposits or installments received on sales of Liberty Loan Bonds . Bills payable . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . . . . . . . . . . 45,850 20,350 14,118 297,300 00 77 00 00 $2,006,708 80 No. 8.] BANK COMMISSIONER. 113 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $ 1,355.26 .6 7 $ 9,267.56 4 .6 0 3 .5 1 Am ount paid for $ 1 ,892.27 $ 5 ,5 0 7 .7 8 $3 0 0 .0 0 $ 2 12 .25 Cost per $1,000 of assets .94 2 .7 4 .15 .10 Cost per $1,000 of assets not includingState tax andrent . Gross income received during the year, $81,032.03. Rates on Investments and Loans (Average on All, 5.06%). Real estate loans (average rate, 5.59 per cent.): 4 h£%, $20,000; 4 )^ % , $25,000; 4 % % , $9,500; 5% , $243,250; 5 M % . $2,000; 5 V2% , $155,100; 6 % , $535,210. Personal loans (average rate, 6.09 per cent.): 5% , $10,000; 6 % , $35,510; 6 J^%, $35,000; 6 K % , $20,000. Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cent.): 3J^%, $75,000; 4% , $208,000; 4 M % , $347,800; 4 ^ % , $97,000; 4.90% , $10,000 ; 5% , $50,000; 5 ^ % , $11,500. Number of loans not over $3,000 each, 300, amounting to $492,110. 10 real estate loans made during year, amounting to $41,700. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 ys% Oct., 1918, 2Y& % Number of deposits during year, 13,118, amounting to . Number of withdrawals during year, 8,024, amounting to . N et increase in amount due depositors . . . . $31,159 28 31,584 75 494,909 28 . . . . . . . $557,653 31 483,757 24 . $73,896 07 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $2,000 United States 3}/£s 3.500 United States 4s 345,300 United States 4his 10.000 Massachusetts 3Hs 20.000 Boston 3)^s 20.000 Everett 4s 15.000 Fall River 3Ks 1.000 Quincy 4s 12.000 Clinton 4s 8.000 Dudley 3)^s Public Funds, Notes. $12,500 Everett 4s 2.500 Everett 4Ms https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $11,000 Everett 4J^s 10.000 Everett 5s 11,500 Everett 5Ks 10.000 Walpole 4.90% Railroad Bonds. $15,000 Baltimore & Ohio 4jdis 10.000 Baltimore & Ohio 5s 20.000 Boston & Albany 4s 10.000 Boston & Lowell 4s 10.000 Boston & Maine 4s 10.000 Boston & Maine 4Hs 10.000 C„ B. & Q. 4s 20.000 Chic., Mil. & St. Paul 4 ^ s 15.000 Chic. & Northwestern 4s Par Value. $10,000 Illinois Central 3)^s 7.000 Illinois Central 4s 2.000 Indiana, 111. & Iowa 4s 10.000 Maine Central 4J^s 4.000 Michigan Central 4s 20.000 N. Y. C. & H. R. 4s 10.000 N. Y., N. H. & H. 3Ms 10.000 Old Colony 4s 10.000 Southern Pacific 4s Street Railway Bonds. $10,000 Boston Elevated 4s 30.000 Boston Elevated 4)^s 30.000 Boston Elevated 5s 1.000 Worcester & Blackstone 4}^s 114 REPO RT OF THE [Pub. Doc. FAIRHAVEN INSTITUTION FOR SAVINGS, FAIRHAVEN. 19 CENTRE STREET. Incorporated February 10, 1832. Number of corporators, 44; number of trustees, 17. T h o m as A . T r ip p , President. C h a r l e s H . M o r t o n , Treasurer. E l ish a S. W h it in g , Jr., Clerk of the Corporation. Board of Trustees: J. H . A l l e n , L. E . B e n t l e y , S. S. B u m p u s , D . W . D e a n e , L. L e B . D e x t e r , W . B. G a r d n e r , W . H . J u d d , D . N . K e l l e y , G . B . L u t h e r , C . H . M o r t o n , L. W . M o r t o n , P e t e r M u r r a y , H . K . N y e , A n d r e w S n o w , Jr., E . G. T a l l m a n , T . A . T r ip p , E . S. W h i t i n g , Jr. Board of Investment: T . A . T r ip p , W . H . J u d d , G . B . L u t h e r , L . E . B e n t l e y , D . W . D e a n e . Auditing Committee: G . B . L u t h e r , J. H . A l l e n , W . B . G a r d n e r . Deposits draw interest from last M onday of January, April, July and October; dividends are payable the last M onday of April and October. Business hours: 9 a .m . to 1 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & Tel. Co. bonds Stocks of banks and trust companies Securities acquired in settlement of indebtedness 425 loans on real estate (average of each, $1,957.80) 36 loans on personal security Bank building and fixtures (estimated value, $5,000; assessed value, $3,990) Deposits in national banks or trust companies Cash and cash items . . . . . $177,300 196,660 25,570 22,756 30,260 1,898 831,810 259,033 5,000 68,925 1,109 Total Assets 20 00 00 25 00 75 33 00 00 59 11 . $1,620,323 23 Liabilities. Due depositors on 2,461 accounts, averaging $603.65 each . . . . . . $1,485,581 22 ( Accounts opened during year, 845; closed, 181; increctse, 6If) Surplus: — a. Guaranty fund (J.S-5% of deposits; increase during year, $7,800) . . . b. Profit and loss (increase during year, $7,366.37) . . . . . . Current income: — Interest . . . . . . . . . . $899 17 Less current expenses not charged off . . . . . 4 36 ------------------------Examination expense . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 64,700 00 69,142 20 894 81 5 00 . $1,620,323 23 115 BANK COMMISSIONER. No. 8. Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Other Expenses. $ 5 7 .6 6 $9 7 4 .7 8 .0 3 .6 0 ............................................... Am ount paid for $ 2 ,3 7 3 .7 2 $3,655.04 $ 5 0 0 .0 0 C ost per $1,000 of assets 1 .4 6 2 .2 6 .31 C ost per $1,000 of assets not including State tax and rent . Total. $ 7 ,561.20 4 .6 6 2 .8 9 Gross income received during the year, $83,293.97. Rates on Investments and Loans (Average on All, 5.51%). Real estate loans (average rate, 5.89 per cent.): 5J^%, $176,785.81; 6 % , $655,024.52. Personal loans (average rate, 6.14 per cent.): 5% , $9,700; 6 % , $142,333; 6 J^%, $25,000; 6/4%, $82,000. Bonds, stocks, etc. (average rate on amounts invested, 4.44 per cent.): 3% , $10,000; 3Y2% , $67,000; 4 % , $170,100; 4.30% , $4,000; 4 M % . 175,000; 4 ^ % , $65,000; 5% , $36,000; 5% % , $16,880; 8 % , $9,000; 12% , $8,100. Number of loans not over $3,000 each, 410, amounting to $508,796.27. 20 real estate loans made during year, amounting to $50,890. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 M % Number of deposits during year, 1,405, amounting to Number of withdrawals during year, 1,516, amounting to N et increase in amount due depositors . . . $28,554 64 31,996 89 169,470 27 • . . . . . . . $230,021 80 210,142 52 . . . $19,879 28 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $30,000 U. S. Certs, of Indebt. 4J^s 75.000 United States 4J^s 15.000 Boston 4s 10.000 Fall River 4s 5.000 Lynn 4s 5.000 Mansfield 4s 5.000 Norwood 4)^s 10.000 Peabody 4s 5,600 Plainville 4s 2.000 Revere 4s 7.000 Westborough 4s Public Funds, Notes. $4,000 Avon 4.30% 2,500 Huntington 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $10,000 Baltimore & Ohio 4}^s 10.000 Baltimore & Ohio 5s 10.000 Boston & Albany 4s 10.000 Boston & Albany 5s 10.000 Boston & Maine 3s 10.000 Boston & Maine 3J^s 10.000 Boston & Maine 4s 15.000 C„ B. & Q. 4s 5.000 Chicago, Mil. & St. Paul 5s 3.000 Concord & Montreal 4s 10.000 Fitchburg 3}4s 10.000 Fitchburg 4s 10.000 Fitchburg 4}^s 20.000 Illinois Central 3}4s 2.000 Minn. & Iowa 3)^s 5.000 N. Y. C. & H. R. 3V2s 10.000 N. Y „ N. H. & H. 3V2s Par Value. $15,000 N. Y., N. H. & H. 4s 5.000 No. Maine Seaport 5s 5.000 Peoria & Northw. 3Y.S 10.000 Portland Terminal Co. 43 5.000 Washington Co. 3}4a Street Railway Bonds. $10,000 Boston Elevated 4s 10.000 Boston Elevated i}4s 6.000 Boston Elevated 5s Bank Stocks. Shs. 50 Eliot Nl. Bk., Boston 211 Nl. Bk. of Fairhaven 90 First Nl. Bk., New Bedford 68 Mechanics Nl. Bk., New Bedford 13 Merchants Nl. Bk., New Bedford 116 R E PO R T OF THE [Pub. Doc, FALL RIVER SAVINGS BANK, FALL RIVER. 141 NORTH M AIN STREET. Incorporated March 1 1 , 1828. Number of corporators, 94; number of trustees, 19. B r a d f o r d D . D a v o l , President. J a m e s N . B u f f in t o n , Clerk of the Corporation. I. P . G a r d n e r , Treasurer. C . M . F r e e b o r n , Assistant Treasurer. Board of Trustees: C . M . A l l e n , H . P . B r o w n , T . B . B a s s e t t , J. N . B u f f in t o n , D . J. B u r d ic k , B . D . D a v o l , N . R . E a r l , E . J. F r e n c h , I . P . G a r d n e r , B . S. C . G if f o r d , W . S. G r e e n e , W . f ! H o o p e r , H . H . H o r t o n , W . H . J e n n in g s , C . B . L u t h e r , J. E . N e w t o n , E . B . V a r n e y , L. E . W oo d , C . B . W o o d m a n . Board of Investment: Auditing Committee: C . M . A l l e n , D . J. B u r d ic k , L . E . W oo d , C . B . W o o d m a n , T . B . B a s s e t t . E . J. F r e n c h , H . H . H o r t o n , B . S. C . G if f o r d . Deposits draw interest from first M onday of January, April, July and October; dividends are pay able first M onday of April and October. Business hours: 9 a .m. to 2 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets Public funds, bonds and notes . . . Railroad bonds and notes . . . . Stocks of banks and trust companies . . 826 loans on real estate (average o f each, $5,069) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . oft, , 89 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $33,472.60; assessed value, W ar Savings Stamps, thrift and revenue stamps . . . . Deposits in national banks or trust companies . . . . . . $ 1 620 400 00 _ _ . 4 0 1 7 000 00 . . _ 224 610 00 $4,188,596 00 1,600 00 ------------ ’----------. _ . . . . . . . $53,800) . C a s h .......................................................... ......................................................... ........... 4,186,996 00 7 3 7 ¿jqq qq 33’, 472 60 'l3 0 00 330 346 9 4 8,384 25 Total A s s e t s .......................................... $11,158,739 79 Liabilities. Due depositors on 19,026 accounts, averaging $526.60 each CAccounts opened during year, 1,815; closed, 1,958; decrease, U S) Surplus: — a. Guaranty fund (5.05% of deposits; increase during year, none) b. Profit and loss {increase during year, $71,721.41) . Current income: — a. I n t e r e s t ......................................................................$23,109 69 &• R e n t ...................................................................... 1,641 6 6 . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . 505,659 49 526,320 42 $24,751 35 2,608 96 Less current expenses not charged off Unearned discount . $10,019,174 19 22,142 39 85,443 30 . Total Liabilities . . $11,158,739 79 No. 8.] BAN K COMMISSIONER, 117 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Amount paid for $ 2 0 ,0 9 5 .0 4 $ 2 3 ,257 .18 $ 3 ,0 0 0 .0 0 Cost per $1,000 of assets 1 .8 0 2 .0 8 .2 7 Cost per $1,000 of assets not including State tax and rent . - Other Expenses. Total. $ 5 ,6 2 2 .0 6 .5 0 $51,974 .28 4 .6 5 2 .5 8 Gross income received during the year, $561,526.80. Rates on Investments and Loans (Average on All, 5.20%). Real estate loans (average rate, 5.01 per cent.): 4V£%, $761,650; 5% , $2,536,177; 5J^%, $889,169. Personal loans (average rate, 6 per cent.): 6 % , $737,400. Bonds, stocks, etc. (average rate on amounts invested, 5.23 per cent.): 4% , $1,364,000; 4J^%, $565,400; 4.30% , $25,000; 4.35% , $36,000; 4Y2%, $270,000; 5% , $1,162,000; 6 % , $2,160,000; 7% , $134,000; 8 % , $65,000; 9% , $5,000; 10% , $28,600; 12% , $22,000; 20% , $25,000. Number of loans not over $3,000 each, 376, amounting to $625,096. 20 real estate loans made during year, amounting to $31,530. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2}4% Oct,, 1918, 2 M % Number of deposits during year, 15,546, amounting to $213,997 33 214,706 8 6 1,431,803 36 • $1,860,507 55 1,691,892 59 Number of withdrawals during year, 14,050, amounting to N et increase in amount due depositors . . $168,614 96 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $540,400 United States 4%s 90.000 Massachusetts 4s 370.000 Boston 4s 1.000 Brockton 4s 25.000 Cambridge 4s 100.000 Fall River 4s 18.000 Lowell 4s 3.000 Pittsfield 4s 147.000 Springfield 4s 100.000 Worcester 4s Public Funds, Notes. $100,000 Hampden County 4s 20.000 Brockton 5s 25.000 Somerville 4.30% 25.000 Worcester 4.25% 25.000 Amesbury 4.35% 20.000 Amesbury 4.50% 11.000 Leicester 4.35% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $100,000 Boston & Maine 200.000 Central R.R. of N. J. 5s 9,000 C., B. & Q. 5s 100.000 Chic., Mil. & St. Paul 4V2s 75.000 Chic., Mil. & St. Paul 5s 22.000 Chic. & Northw. 5s 200.000 Chic., St. P., M. & 0 . 6s 50.000 Cleveland & Pitts. 4}4s 100.000 Fre., Elkhorn & Mo. V. 6s 25.000 Gouverneur & Osw. 5s 200.000 Illinois Central 4s 100.000 Illinois Central 5s 40.000 Kal., Alleg. & Gr. Rpds. 5s 200.000 Louisville & Nash. 5s 60.000 Mahoning Coal 5s 161.000 Mich. Cent.-Det. & B. C. 5s 100.000 Mil., L. S. & Western 5s 79.000 Mil., L. S. & Western 6s 109.000 Minneapolis Union 6s 200.000 Montana Central 6s 200.000 New Orleans & Mo. Div. 6s 350.000 N. Y., Lack. & West. 6s Par Value. $210,000 N. Y., N. H. & H. 4s 200.000 Norfolk & Western 6s 100.000 Philadelphia & Erie 6s 27.000 Pitts., McKees. & Yough. 6s 50.000 Rome, Water. & Og. 5s 45.000 Schenec. & Duanesb. 6s 150.000 St. J. & L. C. 5s 250.000 St. P., Minn. & Man. 6s 250.000 St. Paul & No. P. 6s 55.000 Troy & Boston 7s Bank Stocks. Shs. 150 Eliot Nl. Bk., Boston 18 First Nl. Bk., Boston 286 Nl. Shawmut Bk., Boston 232 Second Nl. Bk., Boston 86 Fall River Nl. Bk. 50 First Nl. Bk., Fall River 650 Massassoit-Poc. Nl.Bk., Fall River 704 Metacomet Nl. Bk., Fall River 220 Merchants Nl. Bk., New Bedford {■ FALL RIVER FIVE CENTS SAVINGS BANK, FALL RIVER. 79 NORTH M AIN STREET. Incorporated April 10, 1855. Number of corporators, 51; number of trustees, 19. E v e b e t t N . S l a d e , Clerk of the Corporation. W il l ia m B . L o y e l l , Assistant Treasurer. Board of Trustees: C . N . B o e d e n , G . P . B e o w n , J a m e s B u f f in g t o n , S. B . C h a s e , A . P. D a v o l , C . D . D a v o l , G . S. D a v o l , W . E . D o w , H . B . D u e f e e , N a t h a n D u e f e e , R . N . D u e f e e , O . S. H a w e s , C . L. H o l m e s , J. F . J a c k s o n , E . B . J e n n in g s , L e o n t in e L in c o l n , A . A . M il l s , E . N . S l a d e , C . S. W a e i n g . Board o f Investment: A . P . D a v o l , H . B . D u e f e e , O. S. H a w e s , C . L . H o l m e s , E . B . J e n n in g s , C . S. W a e i n g . Auditing Committee: C . N . B o e d e n , G . P . B e o w n , A . P. D a v o l . Deposits draw interest from first M onday of March, June, September and December; dividends are payable the second M onday of June and December. Business hours: 9 a .m . to 2 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . $1,406,880 Railroad bonds and notes . . . . . . . . . . . . 2,550,468 Street railway bonds . . . . . . . . . . . . 194,000 American Tel. & Tel. C o. bonds ....................................................................................................................113,812 Stocks of banks and trust companies . . . . . . . . . 166,300 647 loans on real estate (average of each, $4,115.89) . . . . $2,673,377 00 Less amount due on uncompleted loans . . . . . . 10,397 13 ------------------------2,662,979 54 loans on personal security . . . . . . . . . . 1,151,600 Bank building and fixtures (estimated value, $284,000; assessed value, $200,000) . . 200,000 Real estate by foreclosure, etc. ( assessed value, $2,560) . . . . . . 2,855 W ar savings stamps and thrift stamps . . . . . . . . . 193 Deposits in national banks or trust companies . . . . . . . 221,742 C a s h .................................................................................................................................................................. 15,057 Total Assets 00 75 OO 50 00 87 00 00 23 50 90 32 . . . . . $8,685,890 07 . . . . . $7,780,217 64 Liabilities. Due depositors on 27,791 accounts, averaging $279.95 each {Accounts opened during year, 3,295; closed, 2,917; increase, 378) Surplus: — a. Guaranty fund (4-87% of deposits; increase during year, none) . • 6 . Profit and loss {increase during year, $38,313.73) . . . . . Current income: — Interest . . . . . . . . . . . . Unearned discount . . . ■ ■ • • • • • Deposits or installments received on sales of Liberty Loan Bonds . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . . . . . 378,648 2 0 287,939 21 . • . . • 172,582 44 48,252 58 18,250 00 . . $8,685,890 07 119 BANK COMMISSIONER, No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $18,764.31 $21,530 .67 $ 6 ,0 0 0 .0 0 Cost per $1,000 of assets 2 .1 6 2 .4 8 .69 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. $ 6 2 .0 1 $ 6 ,014.99 .01 .6 9 ............................................... Total. $52,3 7 1 .9 8 6 .0 3 3 .1 8 Gross income received during the year, $421,142.86. Rates on Investments and Loans (Average on All, 5.12%). Real estate loans (average rate, 5.09 per cent.): 4A%> $229,800; 4 % % , $87,800; 5% , $1,583,802.87; 5 A % , $761,577. Personal loans (average rate, 5.96 per cent.): 5 % % , $185,000; 6 % , $966,600. Bonds, stocks, etc. (average rate on amounts invested, 4.93 per cent.): 3 A % i $62,200; 4% , $1,423,550; 4h£%> $560,550; 4 A % , $285,000; 5% , $826,000; 5.35% , $155,000; o]/2% , $65,000; 5.55% , $25,000; 6 % , $919,000; 7% , $52,500; 8 % , $78,300; 9% , $25,500; 12% , $5,000. Number of loans not over $3,000 each, 358, amounting to $557,877. 8 real estate loans made during year, amounting to $14,670. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: D ec., 1917, 2% June, 1918, 2 M % Number of deposits during year, 39,937, amounting to $142,974 98 162,518 41 1,464,100 24 Number of withdrawals during year, 22,216, amounting to $1,769,593 63 1,453,514 58 $316,079- 05 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $200,000 U. S. Certs, of Indebt. 4A$ 62,200 United States 3A.s 2,550 United States 4s 550,550 United States 4As 50.000 Massachusetts 4s 97.000 Boston 4s 13.000 Brockton 4s 70.000 Fall River 4s 10.000 Fall River 4As 5.000 Fall River 4)^s 2.000 Lawrence 4s 8.500 Melrose 4s 2.000 New Bedford 4s 7.500 Taunton 4s 50.000 Worcester 4s 20.000 Danvers 4s Public Funds, Notes. $25,000 Gloucester 5.55% 25.000 Lowell hlA s 30.000 Medford 5.35% 20.000 Adams 5.35% 25.000 Amesbury 5.35% 20.000 East Bridgewater 5.35% 8.000 Framingham 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $30,000 Gardner 5.35% 20.000 Gardner 5^28 20.000 Lexington 5.35% 10.000 Needham 5.35% 8,000 Norwood 4s 20.000 Norwood 5A& Railroad Bonds. $115,000 Baltimore & Ohio 4s 110.000 C., B. & Q. 4s 25.000 Chicago, Mil. & St. Paul 5s 39.000 Chic. & Northwestern 5s 99.000 Chic. & Northwestern 6s '25,000 Cleveland & Pittsburg 4}^s 242.000 Fre., Elk. & Mo. Val. 6s 370.000 Illinois Central 4s 50.000 Louisville & Nashville 5s 130.000 Louisville & Nashville 6s 100.000 Mahoning Coal 5s 50.000 Mich. Cent.-Det. & B. C. 5s 205.000 Mil., L. S. & Western 5s 83.000 Mil., L. S. & Western 6s 15.000 Mont. Central 5s 100.000 N. Y., Lack. & West. 6s 250.000 N. Y., N. H. & H. 4s 25.000 Pennsylvania 4A s Par Value. .$100,000 Philadelphia & Erie 6s 10.000 Pine Creek 6s 115.000 Portland Terminal Co. 4s 159.000 St. J. & L. C. 5s 100.000 St. P., Minn. & Man. 6s 10.000 St. Paul & North. Pac. 6s 10.000 St. Paul & Sioux City 6s 30.000 Schenec. & Duanesb. 6s 19.000 Southern Pacific 5s Street Railway Bonds. $30,000 Boston Elevated 4As 87.000 Boston Elevated 5s, 27.000 Brockton 5s 50.000 West End 5a Bank Stocks. Shs. 255 Fourth-Atlantic Nl. Bk., Boston 50 Merchants Nl. Bk., Boston 300 Webster & Atlas Nl. Bk., Boston 100 Fall River Nl. Bk. 483 Massasoit-Poc. Nl. Bk., Fall River 425 Metacomet Nl. Bk., Fall River 50 Bristol Co. Trust Co., Taunton FARMERS AND MECHANICS SAVINGS BANK, FRAMINGHAM. 26 CONCORD CONCORD STREET. STREET. Incorporated April 23, 1883. Number of corporators, 35; number of trustees, 12. A rthur F. H all, Clerk of the Corporation. Board of Trustees: A . S. B aldwin, C. T . B oynton, A . M . F itts, G . E . F owler, C . E . H aberstroh, A . F. H all, L. H . H ooker, H . M . H owe, J. W . P hillips, W . F . R ichardson, J. T . W hitney, A . T . W ood. Board of Investment: A . M . Fitts, J. T . W hitney , W . F. R ichardson, L. H . H ooker, C . E. H aberstroh. Auditing Committee: H . M . H owe, A . S. B aldwin, L. H . H ooker, G . E . F owler, A . F. Hall . Deposits draw interest from first day of January, April, July and October; dividends are payable the twenty-first day of April and October or on the next succeeding business day thereafter. Busi ness hours: 9 a .m. to 2 p .m.; Saturdays, 9 a .m . to 12 m. and 7 to 9 p .m. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and n o t e s .......................................................... .......................................................... Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 532 loans on real estate (average of each, $2,732.85) . . . . $1,454,978 06 Less amount due on uncompleted loans . . . . . . 1,100 00 ------------------------93 loans on personal security . . . . . . . . . . Furniture and fixtures . . . . . . . . . . . Real estate by foreclosure, etc. (assessed value, $9,950) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . Total Assets . . . . . $164,566 340,478 40,106 44,236 16,386 77 00 25 25 45 1,453,878 531,926 3,500 11,986 98 269 17,463 25,266 06 88 00 51 47 93 32 74 $2,650,163 63 Liabilities. Due depositors on 9,437 accounts, averaging $262.25 each . . . . . $2,474,866 55 (Accounts opened during year, 1,523; closed, 1,196; increase, 327) Surplus: — a. Guaranty fund {3.11% o f deposits; increase during year, $6,100) . . . h. Profit and loss (increase during year, $3,676.11) . . . . . . .Current income: — Interest . . . . . . . . . . $13,928 83 Hess current expenses not charged off . . . . 1,904 53 ------------------------Unearned discount . . . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . . Suspense account . . . . . . . . . . . . Special interest account . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 77,050 00 71,185 46 12,024 6,959 7,705 372 30 55 03 00 74 . $2,650,163 63 121 BAN K COMMISSIONER. No. 8. T otal Expenses for the Year, including State Taxes. State Tax (Net). Advertising. Rent. Salaries. $9,643.42 $1,5 0 0 .0 0 Amount paid for $3,772.15 3 .6 4 .57 Cost per $1,000 of assets 1 .4 2 Cost per $1,000 of assets not including State tax and rent . $601.11 .23 . . Other Expenses. $3,842.02 1 .4 5 . . . Total. $19,358 .70 7 .3 1 5 .3 2 Gross income received during the year, $127,158.63. Rates on Investments and Loans (Average on All, 5.66%), Real estate loans (average rate, 6 per cent.): 5J^%, $14,000; 6 % , $1,439,878.06. Personal loans (average rate, 6.20 per cent.): 4M %> S3,690; 6 % , $283,420; 6 )4 % , $40,000; 6 )4 % , $204,816.88. Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 3 )4 % , $45,000; 4% , $269,150; 4 M % , $115,000; 4 )4 % , $40,000; 5% , $130,000; 6 % , $11,900; 20% , $900. Number of loans not over $3,000 each, 470, amounting to $873,291.05. 49 real estate loans made during year, amounting to $114,475. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2J4% Oct., 1918, 2 M % Number of deposits during year, 15,029, amounting to • Number of withdrawals during year, 9,526, amounting to . N et increase in amount due depositors . . . . $48,595 54 50,705 00 660,704 98 . . . . . . . . $760,005 52 576,345 01 $183,660 51 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,150 United States 4s 115,000 United States 4)4s Railroad Bonds. $15,000 Baltimore & Ohio 4s 45.000 Bangor & Aroostook 5s 5.000 Boston & Albany 3)4s 20.000 Boston & Albany 4s 30.000 Boston & Albany 5s 5.000 Boston & Lowell 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Boston & Maine 4s 30.000 C., B. & Q. 3)4s 15.000 Chic., Mil. & St. Paul 5s 20.000 Fitchburg 4s 15.000 Illinois Central 4s 15.000 Louisville & Nashville 5s 15.000 Maine Central 4)4s 15.000 Minn., St. P. & Sit. St. M. 4s 10.000 N. Y., N. H. & H. 3J4s 20.000 N. Y„ N. H. & H. 4s 25.000 No. Maine Seaport 5s 5,000 Old Colony 4s 15.000 Portland Terminal Co. 4s Street Railway Bonds. Par Value. $15,000 Boston Elevated 4s 25,000 West End 4)4s Bank Stocks. Shs. 16 Eliot NI. Bk., Boston 9 Second NI. Bk., Boston 100 Framingham NI. Bk. 9 Northborough NI. Bk. 10 First NI. Bk. of Newton, W. New. 122 REPO RT OF THE [Pub. Doc, FITCHBURG SAVINGS BANK, FITCHBURG. 745 M AIN STREET. Incorporated February 12, 1846. Number of corporators, 54; number of trustees, 24. Board of Trustees: H arhison Bailey , B. A. C ook, A lvah C rocker , S. E . M . C rocker , G. H. C utler,. J. H . D aniels, D. M . D illon, G. A. D unn, M . F. D unn, Charles F osdick, F. H. F oss, S. H., Francis, G. P. G rant, Jr., J. L. Johnson, A. H. L owe, F. C. N ichols, C. M . Parker , F. W. P arks, W. E . P utney, H. K. Simonds, J. A. Stiles, H. G. T ownend, G. R. W allace, C. E . W are . Board o f Investment: C. M . Parker , C . E . W are , J. L. Johnson, F. H . F oss, S. H . Francis , F. W. P arks. Auditing Committee: H arrison Bailey , M . F. D unn, B . A . C ook. Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 8.45 a .m. to 3 p .m.; Saturdays, 8.45 a .m. to 12 m.; also Tuesdays, 6 to 8 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes , . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 965 loans on real estate (average of each, $5,885.69 ) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,149,350 00 400 00 ------------------------168 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $150,000; assessed value, $133,000 ) . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . T otal Assets $805,534 00 530,200 00 116,750 00 50,000 00 50,000 0 0 185,500 00 . . . 5,148,950 1,805,465 75,000 309 442,234 10,563 00 00 00 75' 64 01 . . . . . $9,220,506 40 . . . . . $8,478,383 50 . 417,300 00 121,778 84 Liabilities. Due depositors on 16,319 accounts, averaging $519.54 each (Accounts opened during year, 1,968; closed, 1,731; increase, 232) Surplus: —* a. Guaranty fund {1.92% of deposits; increase during year, $5,300) b. Profit and loss (increase during year, $24-6.62) . . . . Current income: — Interest . . . . . . . . . . . Unearned discount . . . . - ' . . . Deposits or installments received on sales of Liberty Loan Bonds . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . . . . . . • . 182,218 40 1,256 6 6 , 19,569 00 $9,220,506 40 BANK COMMISSIONER. No. 8.] 123 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $6,691.83 .72 . . $37,524 .28 4 .0 6 . 2 .7 8 . Am ount paid for $10,353 .31 $16,508.23 $ 1,500.00 $ 2,470.91 Cost per $1,000 of assets 1 .1 2 1 .7 9 .16 .2 7 Cost per $ 1 ,0 0 0 of assets not including State tax and rent . . . . Gross income received during the year, $435,278.24. Rates on Investments and Loans (Average on All, 5.09%). Real estate loans (average rate, 5.16 per cent.): 4J^%, $24,500; 5% , $4,261,625; 5J^%, $61,950; 6 % ,. $800,875. Personal loans (average rate, 5.50 per cent.): 5% , $858,970; 5% % , $35,000; 5J^%, $57,325; 6 % ,. $839,170; 6 V2% , $15,000. Bonds, stocks, etc. (average rate on amounts invested, 4.47 per cent.): 3J^%, $215,500; 4% , $788,834; 4 \i% , $230,850; 4 V2% , $253,050; 4 M % . $1,000; 5% , $74,000; 5}4% , $3,000; 6 % , $40,500; 7% , $6,700; 9% , $5,000; 10% , $42,500; 12%, $23,500; 20% , $15,000. Number of loans not over $3,000 each, 689, amounting to $1,061,815. 102 real estate loans made during year, amounting to $414,225. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2J^% July, 1918, 2 J i% Number of deposits during year, 15,355, amounting to $178,405 08 180,275 30 1,410,752 97 Number of withdrawals during year, 10,988, amounting to $1,769,433 35 1,448,376 56 N et increase in amount due depositors . . . . . . . . $321,056 79 I SCHEDULE OP SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 U. S. Certs, of Indebt. 4}4& 834 U. S. War Savings Stamps 225,850 United States 4J4s 75.000 Massachusetts 3}4s 50.000 Massachusetts 4s 7.000 Akron, 0., 4}4s 8.000 Akron, 0., 5s 3.000 Akron, 0., 5}^s 12.000 Beverly 4s 65.000 Boston 4s 5,500 Cambridge 3}£s 25.000 Canton, 0., 5s 27.000 Chicago, 111., 4s 12.000 Dayton, 0., 5s 3.000 Everett 4s 45.000 Fall River 4s 30.000 Fitchburg 4s 4.000 Lawrence 4s 4.000 Lorain, 0., 5s 10.000 Lowell 4s 28.000 Malden 4s 9.000 Marlborough 4s 15.000 Milwaukee, Wis., 4Ms 5.000 Minneapolis, Minn., 4s 1.000 Minneapolis, Minn., 4%s 2.000 New Bedford 4s 5.000 Somerville 3Ms https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $13,000 Somerville 4s 5.000 Springfield 3J^s 5.000 Springfield 4Ms 1.000 St. Paul, Minn., 4s 10.000 Taunton 4s 10.000 Wilkes-Barre, Pa., 4s 2.000 Agawam 4s 6.000 Amesbury 4s 5.000 Belmont 4s 10.000 Stamford, Ct., 4s 4.000 Wellesley 4s 3.000 Westminster 4s 4.000 Shelburne Falls (F. D.) 4s Public Funds, Notes. Par Value. $25,000 Minn., St. P. & Sit. St. M. 4s 25.000 New England 4s 25.000 N. Y. C. & H. R. 4s 50.000 N. Y., N. H. & H. 3 ^ s 35.000 Old Colony 4s 1,000 Rome, Wat. & Ogdens. 5s Street Railway Bonds. $30,000 10.000 29.000 4,000 20.000 25.000 Boston Elevated 4s Boston Elevated 4J^s Fitchburg & Leominster 4 J^s Leom., Shirley & Ayer 5s West End 4s West End 4}4s $1,050 Ashburnham 4)^s Railroad Bonds. $23,000 Baltimore & Ohio 4J^s 31.000 Boston & Albany 4s 20.000 Boston & Albany 5s 30.000 C., B. & Q. 4s 25.000 Concord & Montreal 4s 129,000 Fitchburg 4s 68.000 Fitchburg 4)^s 25.000 Illinois Central 3)^s 25.000 Maine Central 4}^s Bank Stocks. Shs. 150 First Nl. Bk., Boston 50 Fourth-Atlantic Nl. Bk., Boston 235 Merchants Nl. Bk., Boston 300 Nl. Shawmut Bk., Boston 400 Fitchburg Bk. & Tr. Co. 5 Townsend Nl. Bk. 67 Crocker Nl. Bk., Turner’s Falls 100 Merchants Nl. Bk., Worcester 25 Worcester Bank and Trust Co. 124 REPO RT OF THE [Pub. Doc. FLORENCE SAVINGS BANK, FLORENCE. 85 M AIN STREET. Incorporated February 14, 1873. Number of corporators, 30; number of trustees, 19. W il l ia m C o r d e s , President. E r n e s t C . H il l e n b r a n d , Treasurer. F r e d e r ic k C . E l y , Clerk of the Corporation. Board of Trustees: H . C . B l is s , H . N . B r e w s t e r , H . J. C a m p b e l l , R . H . C o o k , W il l ia m C o r d e s , F . C . E l y , E . T . F o l e y , E . E . G r a v e s, E . A . H a v e n , H . B . H a v e n , E . C . H il le n b r a n d , L . W . M o r g a n , E . M . P l im p t o n , E . A . R ic e , W . H . R i c e , H . E . R i l e y , O . M . S m it h , A . M . W a r e , A. C. W arner. Board of Investment: W il l ia m C o r d e s , A . M . W a r e , W . H . R ic e , H . B . H a v e n , H . J. C a m p b e l l . Auditing Committee: H . B . H a v e n , F . C . E l y , A . C . W a r n e r . Deposits draw interest from second Tuesday of January, April, July and October; dividends are payable second Tuesday of April and October. Business hours; 10 a .m . to 3 p .m .; Saturdays, 10 a .m . to 12 m .; also Fridays, 6 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 275 loans on real estate (average of each, $2,098.64) . . . . . . . 45 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $9,000; assessed value, $4,000) . . W a r savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash ....................................................................................................................................................... Total Assets . • . . $65,557 63 190,721 25 66,037 50 15,437 50 17,985 00 577,097 55 10,481 60 9,747 80 374 27 14,283 31 1,479 38 . $969,202 79 . . . . . ( Accounts opened during year, 883; closed, 385; decrease, 2) , Surplus: — o. Guaranty fund (4-59% o f deposits; increase during year, $2,207) . . . 6 . Profit and loss (increase during year, $847.85) . . . . . . Current income; — a. Interest . . . . . . . $1,446 77 h. R e n t ...................................................................... 112 00 ------------------------$1,558 77 Less current expenses not charged off . . $419 06 Less State or local taxes not charged off . . 101 53 ------------------------520 59 ------------------------Deposits or installments received on sales of Liberty Loan Bonds . . . . $893,588 75 Liabilities. Due depositors on 2,784 accounts, averaging $320.97 each https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . 41,008 00 32,016 8 6 1,038 18 1,551 00 $969,202 79 BAN K COMMISSIONER, No. 8.' 125 T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Other Expenses. $ 1 17 .09 .12 $ 1 ,154.06 1 .1 9 Am ount paid for $ 1 ,2 2 7 .9 2 $ 2 ,450.66 $ 2 0 0 .0 0 C ost per $1,000 of assets 1 .2 7 2 .5 3 .21 C ost per $1,000 of assets not including State tax and rent . Total. $5,1 4 9 .7 3 5 .3 2 3 .8 4 Gross income received during the year, $46,607.83. Rates on Investments and Loans (Average on All, 5.13%). Real estate loans (average rate, 5.50 per cent.): 5%%, $576,747.55; 6 % , $350. Personal loans (average rate, 5.57 per cent.): 5% , $934; 5J^%, $3,000; 6 % , $6,547.60. Bonds, stocks, etc. (average rate on amounts invested, 4.52 per cent.): 3% , $5,000; 3J^%, $35,000; 4 % , $155,000; 4 H % , *40,300; 4 ^ % , $68,000; 5% , $55,400; 7 % , $4,000; 8 % , $8,500. Number of loans not over $3,000 each, 266, amounting to '$368,979.15. 3 real estate loans made during year, amounting to $4,750. Dividends, Deposits and Withdrawals. $16,572 2 0 16,980 63 167,645 30 Ordinary dividends declared during year: April, 1918, 2% Oct., 1 9 1 8 ,2 % Number of deposits during year, 4,426, amounting to Number of withdrawals during year, 2,599, amounting to N et increase in amount due depositors . . . . . . . . . . . . $201,198 19 171,234 39 . $29,963 80 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $3,000 U. S. Certs, of Indebted. 4J^s 40,300 United States 4Ms 5.000 Massachusetts 4s 10,000 Boston 4s 2.000 Chelsea 4s 1.000 New Bedford 4s 5.000 San Francisco, Cal., 5s Railroad Bonds. $8,000 Baltimore & Ohio 5.000 Baltimore & Ohio 4s 5.000 Baltimore & Ohio 4il.s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $10,000 Baltimore & Ohio 5s 10.000 Bangor & Aroostook 5s 10.000 Boston & Lowell 4Ms 10.000 Boston & Maine 4s 10.000 Boston & Maine 4J^s 5.000 Chi., Mil. & St. Paul 4s 10.000 Chicago, Mil. & St. Paul 5s 5.000 Fitchburg 4J^s 5.000 Illinois Central 3s 27.000 Illinois Central 3Ha 5.000 Illinois Central 4s 5.000 Maine Central 4J^s 15.000 N. Y. C. & H. R. 4)^s 45.000 N. Y., N. H. & H. 4s 10.000 Pennsylvania 4)4is Street Railway Bonds. Par Value. $15,000 Boston Elevated 4s 5,000 Boston Elevated 4J^s 15.000 Boston & Northern 4s 20.000 Old Colony 4s 15.000 West End 5s Bank Stocks. Shs. 85 Hadley Falls Tr. Co., Holyoke 85 Home Nl. Bk., Holyoke 40 First Nl. Bk., Northampton 54 Hamp. Co. Nl. Bk., Northampton 126 REPO RT OF THE [Pub. Doc, FOXBOROUGH SAVINGS BANK, FOXBOROUGH. SCHOOL, CORNER OF SOUTH STREET. Incorporated April 18, 1855. Number of corporators, 35; number of trustees, 17. L e w is E . G e a y , President. G e o r g e R . E l l is , Clerk of the Corporation. H a r e ie F. G r a y , Treasurer. N e l l ie F . C a p e n , Assistant Treasurer. Board of Trustees: F o r r e s t B a s s e t t , E . H . B r is t o l , E . F . C a p e n , H or a ce C a r p e n t e r , E . C . C o m e y , G . R . E l l is , H . F . G r a y , L . E . G r a y , A . J. H a r t s h o r n , L . B . L a w r e n c e , O r la n d o M c K e n z i e , F . A . P e t t e e , F . H . R ic h a r d s , J. W . R ic h a r d s o n , H . G . S m it h , J a r v is W il l ia m s , W . A . Y o u n g . Board of Investment: Auditing Committee: L. E. G ray, F orrest B a sse tt, A . J. W . R ic h a r d s o n . J. H a rtsh o r n , W. A. Y oung, J a r v is W il l ia m s , F . A . P e t t e e , F . H . R ic h a r d s . Deposits draw interest from first business day of March, June, September and December; dividends are payable the Wednesday after the second M onday of June and December. Business hours, 9 a .m . to 3 p .m .; also Saturdays, 6 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds American Tel. & Tel. Co. bonds Stocks of banks and trust companies 348 loans on real estate (average of each, $1,706.82) . 8 loans on personal security . . . . Bank building and fixtures (estimated value, $30,4-54.40; Real estate by foreclosure, etc. (assessed value, $6,300) Deposits in national banks or trust companies G ash and cash items $40,054 198,292 97,040 11,780 30,144 593,975 9,902 28,000 7,402 15,598 1,523 12 00 00 00 00 11 87 00 83 25 34 T otal Assets $1,033,712 52 D ue depositors on 2,318 accounts, averaging $401.47 each $930,620 43 Liabilities. (Accounts opened during year, 247; closed, 182; increase, 65) Surplus: — a. Guaranty fund (5.01% of deposits; increase during year, $4,54-9.54) . b. Profit and loss (increase during year, $3,422.10) . . . . Gurrent income: — a. Interest . . . . . . . $14,780 92 b. R e n t ...................................................................... 69 93 $14,850 85 1,289 47 Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 46,605 61 42,925 10 13,561 38 Total Liabilities . . $1,033,712 52 No. 8.] BANK COMMISSIONER. 127 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $1,195.39 $ 2 ,071.64 $ 6 00 .00 ■Cost per $1,000 of assets 1 .1 5 2 .0 0 .58 C ost per $1,000 of assets not including State tax and rent . Other Expenses. $161 .80 $ 4 33 .14 .0 4 .01 Total. $ 4,461.97 3 .7 8 2 .0 5 Gross income received during the year, $52,427.76. Rates on Investments and Loans (Average on All, 5.40%). Real estate loans (average rate, 6 per cent.): 6 % , $593,975.11. Personal loans (average rate, 6 per cent.): 6 % , $9,902.87. Bonds, stocks, etc. (average rate on amounts invested, 4.45 per cent.): 3% , $5,000; 3J^%, $26,150; 4% , $163,150; 4)4% , $6,000; 4M % , $86,000; 5% , $68,420; 5M % , $10,000; 6 % , $9,400; 8 % , $5,300; 10%, $15,000. Number of loans not over $3,000 each, 320, amounting to $447,043.61. 25 real estate loans made during year, amounting to $48,650. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: D ec., 1917, 2 ^2 % June, 1918, 2 % Number of deposits during year, 1,664, amounting to . . . . . . ............................................... . . . . . Num ber of withdrawals during year, 1,892, amounting to . N et increase in amount due depositors . . . . . . . . . . $21,359 92 17,597 58 148,748 76 . $187,706 26 146,052 98 . $41,653 28 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $150 United States 3J^s 17,150 United States 4s 6.000 United States 4b£s 7.000 Los Angeles, Cal., 4)^s 10.000 Newton 5bis Railroad Bonds. $11,000 Baltimore & Ohio 4s 22.000 Baltimore & Ohio 4b£s 5.000 Bangor & Aroostook 5s 5.000 Boston & Maine 3s 5.000 Boston & Maine 3A& 10.000 Boston & Maine 4)4s 10.000 Chi., Mil. & St. Paul 4s 20.000 Chicago, Mil. & St. Paul 5s 2.000 Connecticut & Passumpsic 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $12,000 Fitchburg 4s 5.000 Fitchburg 5s 3.000 Illinois Central 3J^s 10.000 Illinois Central 4s 5.000 Lake Shore & Mich. So. 4s 10.000 Minn., St. P. & Sit. St. M. 4s 10.000 N. Y. C. & H. R. 4s 15.000 N. Y., N. H. & H. 3 ^ s 9.000 N. Y., N. H. & H. 4s 20.000 No. Maine Seaport 5s 13.000 Pennsylvania 4)^s 5.000 Somerset 4s 3.000 Washington Co. 3)^s Street Railway Bonds. $11,000 Boston Elevated 4s 19.000 Boston Elevated 4 )/2 S Par Value. $5,000 Boston & Revere 5s 37.000 Boston & Northern 4s 3,000 Springfield & Eastern 5s 10.000 West End 5s 15.000 Worcester Consol. 4Hs Bank Stocks. Shs. 34 Boylston Nl. Bk., Boston 27 Commonwealth Tr. Co., Boston 10. Mt. Vernon Nl. Bk., Boston 150 Nl. Shawmut Bk., Boston 14 Old Boston Nl. Bk., Boston 8 Webster & Atlas Nl. Bk., Boston 18 Dedham Nl. Bk. 60 Framingham Nl. Bk. 6 Nl. Bk. of Wrentham 128 REPO RT OF THE [Pub. Doc, FRANKLIN SAVINGS BANK OF THE CITY OF BOSTON, BOSTON. 6 PARK SQUARE. Incorporated March 15, 1861. Number of corporators, 72; number of trustees, 40. C h a r l e s H . B a l d w in , President. C h a r l e s D . K e y e s , Clerk of the Corporation. J o h n H . S t u r g is , Treasurer. G e o r g e D . A l d e n , Assistant Treasurer. Board o f Trustees: W il l ia m A t h e r t o n , C. H . B a l d w in , G. S. B a l d w in , J. T . B o t t o m l e y , G . G . B r a d - . E . C. B r a d l e e , T . G. B r e m e r , J. D . B r e n n a n , H . G . B r o o k s , I. W . C h ic k , F . S. C l a r k , C. F . C u r t is , T . M . D e v l i n , C. F . D o w s e , J. M . E . D r a k e , A l l a n F o r b e s , C o u r t e n a y G u i l d , H e n r y H a l l , F . W . H a l l o w e l l , E d w a r d H a m l in , H . W . H a r t , J. A . Ja c o b s , W . S. K e n n e y , H e r b e r t L y m a n , A . E . M a s o n , L a w r e n c e M a y o , F . J. M o o r s , O t is N o r c r o ss , W . P . P a r k e r , J. H . P i e r c e , A . E . P il l s b u r y , C . E . R o g e r so n , H . S. Sh a w , J. H . St u r g is , J. S. Sy l v e s t e r , E l io t W a d s w o r t h , W . Q. W a l e s , F . H . W a r n e r , S. H . W h id d e n , J. E . W h i t n e y . ford, Board of Investment: J. A . J a c o b s , J. H . P ie r c e , A . E . M a s o n , C . H . B a l d w i n , S. H . W h id d e n , W . Q. W a les. Auditing Committee: C o u r t e n a y G u il d , E . C . B r a d l e e , J. H . P ie r c e , H e r b e r t L y m a n , H allow ell. F. W . Deposits draw interest from first day of February, M a y , August and November; dividends are pay able February 10 and August 10. Business hours: 9 a .m . to 2 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 721 loans on real estate (average of each, $12,040.86) . . . . . 78 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $200,000; assessed value, $196,000) Real estate by foreclosure, etc. (assessed value, $30,500) . . . . . W ar savings stamps and thrift stamps . . . . . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . Total Assets . . . . . . . . . . . . . $3,155,600 3,737,904 679,125 300,000 137,492 57,000 8,681,461 . , 4,083,000 . 200,000 18,543 265 . 264,524 . 21,564 00 37 00 00 50 00 49 00 00 67 59 22 93 . $21,336,481 77 Liabilities. Due depositors on 32,129 accounts, averaging $606.15 each , $19,475,061 00 (Accounts opened during year, 2,184; closed, 8,026; decrease, 842) Surplus: — a. Guaranty fund (5.24% of deposits; increase during year, none) h. Profit and loss (increase during year, $15,250.88) . Current income: — a. Interest . . . . . . . $201,585 88 b. Rent . . . . . . 1,098 84 1, 020,000 00 270,014 17 $202,684 72 Less current expenses not charged off . Less State or local taxes not charged off . . . $11,558 32 4,155 20 15,713 52 — ------- ------ Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds Liberty Loan Bonds held for safe-keeping . . . . Insurance collected on mortgaged property . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 186,971 37,018 11,173 332,550 3,694 20 34 00 00 06 . $21,336,481 77 129 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. Rent. State Tax (Net). Salaries. Am ount paid for $48,861 .77 $36,179 .67 Cost per $1,000 of assets 2 .2 9 1 .6 9 Cost per $1,000 of assets not including State tax and rent . Advertising. $1,422.20 .07 Total. Other Expenses. $ 4 ,493.05 $ 9 0,956 .69 6 .1 5 2 .1 0 3 .8 6 Gross income received during the year, $983,043.64. Rates on Investments and Loans (Average on All, 4.94%). Real estate loans (average rate, 4.94 per cent.): 4% , $2,136,000; 4 4 % . $1)1,000; 4 4 % , $1,580,900; 4 4 % , $330,000; 5% , $1,606,916.67; 5 4 % , $13,000; 5 4 % , $614,350; 6% , $2,286,294.82. Personal loans (average rate, 6 per cent.): 6% , $4,083,000. Bonds, stocks, etc. (average rate on amounts invested, 4.40 per cent.): 3 4 % , $893,850; 4 % , $2,342,300; 4*4% , $1,164,550; 4 4 % , $2,544,100; 4 % % , $50,000; 4.90% , $35,000; 5% , $743,800; 7% , $30,000; 8% , $5,000; 10% , $22,000; 12% , $20,000; 16% , $10,000. 6% , $266,000; Number of loans not over $3,000 each, 315, amounting to $618,076.04. 6 real estate loans made during year, amounting to $54,000, Dividends, Deposits and Withdrawals. $430,804 04 427,070 01 1,919,512 43 Ordinary dividends declared during year: Feb., 1918, 2 4 % Aug., 1918, 2 4 % Number of deposits during year, 28,734, amounting to Number of withdrawals during year, 23,315, amounting to N et decrease in amount due depositors . . . . . . . . $2,777,386 48 3,082,975 89 . . . . $305,589 41 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. $50,000 Ü. S. Certs, of Indebt. 4 4 s 45,850 United States 3 4 s 12,300 United States 4s 1,164,550 United States 4 4 s 100.000 California, State of, 4 4 s 175.000 Massachusetts 3 4 s 50.000 New York State 4 4 s 25.000 Akron, 0., 5s 300.000 Boston 4s 50.000 Bristol, Conn., 4 4 s 12.000 Brockton 3 4 s 32,100 Canton, 0., 4 4 s 3,800 Canton, O., 5s 50.000 Central Falls, R. I., 4s 100.000 Cleveland, 0., 4 4 s 20.000 Hamilton, 0., 5s 70.000 Jersey City, N. J., 5s 50.000 Kansas City, Mo., 4 4 s 10.000 Medford 34® . 1.000 Milwaukee, Wis., 34® 25.000 Minneapolis, Minn., 4 4 s 50.000 Minneapolis, Minn., 4 4 s 50.000 Newark, N. J., 4 4 s 10.000 New Bedford 4s 100.000 Omaha, Neb., 4 4 s 10.000 Rutland, Vt., 4s 4.000 St. Albans, Vt., 4s 100.000 St. Paul, Minn., 4 4 s 50.000 Stamford, Conn., 4 4 s 36.000 Superior, Wis., 4 4 s 15.000 Syracuse, N. Y., 4 4 s 50.000 Toledo, 0., 4 4 s 84.000 Troy, N. Y., 4 4 s 75.000 Waterbury, Ct., 4s 25.000 Waterbury, Conn., 4 4 s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $100,000 Woonsocket, R. I., 4s 3,000 Youngstown, O., 4 4 s 12,000 Youngstown, O., 5s Public Funds, Notes. $25,000 Everett 4.90% 10.000 Peabody 4.90% Railroad Bonds. $22,000 Baltimore & Ohio 5s 50.000 Boston & Albany 3 4 s 200.000 Boston & Albany 4s 50.000 Boston & Albany 4 4 s 25.000 Boston & Albany 5s 50.000 Boston & Maine 4s 325.000 Boston & Maine 44® 110.000 Boston, R. B. & Lynn 4 4 s 80.000 Central R.R. of N. J. 5s 50.000 C., B. & Q. 3 4 s 332.000 C., B. & Q. 4s 185.000 Chicago, Mil. & St. Paul 5s 15.000 Chicago, Mil. & St. Paul 6s 200.000 Chic. & Northwestern 4s 50.000 Chi., St. Paul, Minn. & O. 6s 40.000 Cleveland & Pittsburg 4 4 s 100.000 Concord & Montreal 4s 50.000 Erie & Pittsburgh 3 4 s 44.000 Fitchburg 4s 200.000 Fitchburg 4 4 s 150.000 Illinois Central 4s 100.000 Louisville & Nashville 4 4 s 50.000 Louisville & Nashville 6s 53.000 Mil., Lake Shore & West. 6s 25.000 Mobile & Ohio 6s 200.000 N. Y. C. & H. R. 3 4 s P $5(L000 N. Y. & N. E. Term. 4s 280.000 N. Y„ N. H. & H. 4s 50.000 Norwich & Worcester 4s 75.000 Old Colony 4s 25.000 Penobscot Shore Line 4s 100.000 Pennsylvania 4 4 s 73.000 Philadelphia & Erie 6s 20.000 Ports., G. F. & Con. 4 4 s 54.000 Portland & Ogdens. 4 4 s 50.000 St. J. & L. C. 5s 150.000 St. Paul, Minn. & Man. 4 4 s 100.000 Vermont Valley 4 4 s Street R a ilw a y B o n d s. $100,000 Boston Elevated 4 4 s 10.000 Boston, Mil. & Brock. 5s 14.000 Brockton 5s 10.000 George., Row. & Ips. 5s 115.000 Lynn & Boston 5s 7,000 N. Bed., Middle. & Brock. 5s 40.000 South Shore & Boston 5s 75.000 West End 4s 175.000 West End 4 4 s 45.000 West End 5s 30.000 West End 7s 10.000 Worcester & Clinton 5s 50.000 Worcester & South. 4 4 s Bank Stocks. Shs. 50 Commonwealth Tr. Co., Boston 100 First Nl. Bk., Boston 200 Nl. Shawmut Bk., Boston 20 Nl. Union Bk., Boston 200 Second Nl. Bk., Boston 130 REPO RT OF THE [Pub. Doc, FRANKLIN SAVINGS INSTITUTION, GREENFIELD. 332 M AIN STREET. Incorporated April 2 , 1834. Number of corporators, 33; number of trustees, 17. C h a r l e s A l l e n , President. C h a r l e s W . N im s , Treasurer. C h a r l e s N . S t o d d a r d , Clerk o f the Corporation. Board o f Trustees: C . P . A l d r ic h , C h a r l e s A l l e n , F r a n k l in A l l e n , J. W . B a l l a r d , C . C . D y e r , F r a n k G e r r e t t , J. P. L o g a n , W . E . N ic h o l s , C . W . N im s , L u c iu s N im s , F. H . P a y n e , R . E . P r a y , A . M . R ic e , J. W . S t e v e n s , C . N . S t o d d a r d , F. N . T h o m p so n , F . E . W e l l s . Board o f Investment: J. W . S t e v e n s , L u c iu s N im s , C h a r l e s A l l e n , C . C. D y e r , F. H . P a y n e . Auditing Committee: A . M . R ic e , C . N . S t o d d a r d , F. N . T h o m p so n . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12.30 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. A ssets. Public funds, bonds and notes . . . . . . . . . . $741,180 00 Railroad bonds and notes . . . . . . . . . . 1,735,983 75 Street railway bonds . . . . . . . . . . . . 221,087 50 American Tel. & Tel. Co. bonds .........................................................................................................113^500 00 Stocks of banks and trust companies . . . . . . . . 36,000 00 ■970 loans on real estate (average o f each, $ 3 ,8 2 2 .6 5 ) ...................................................................... 3,707,977 47 205 loans on personal security . . . . . . . . . . 1,390,448 50 B ank building and fixtures (estimated value, $100,000; assessed value, $75,000) . . 50,000 00 Real estate by foreclosure, etc. (.assessed value, $10,600) . . . . . . 6,383 70 Suspense account . . . . . . . . , _ 29 37 Deposits in national banks or trust companies . . . . . . . 128,784 82 “Cash and cash items . . . . . . . . . . . . 3 911 49 T otal Assets . . . . . $8,135,286 60 L ia b ilitie s . D u e depositors on 15,534 accounts, averaging $480.33 e a c h ...............................................$7,461,393 71 {Accounts opened during year, 1,455; closed, 1,4®6; increase, 29) Surplus: — a. Guaranty fund {5.06% o f deposits; increase during year, none) . . . b. Profit and loss {increase during year, $25,034.37) . . . . . . “Current income: — • Interest .........................................................................................................$55,584 07 Less current expenses not charged off $5,374 12 Less State or local taxes not charged off . . . 1,290 00 ------------------------6,664 12 ------------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . 377,500 00 247,472 94 48,919 95 . $8,135,286 60 BAN K COMMISSIONER. No. 8.] 131 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $17,3 9 4 .2 6 $13,499 .40 C ost per $1,000 of assets 2 .1 4 1 .6 6 C ost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $1 4 4 .7 2 .0 2 . . . $ 4,451.44 .54 . . $ 3 5,489 .82 4 .3 6 2.22 Gross income received during the year, $378,109.11. Rates on Investments and Loans (Average on All, 5.13%). Real estate loans (average rate, 5.47 per cent.): 4 lA % , $60,000; 5% , $119,000; 5J^%, $3,528,977.47. Personal loans (average rate, 5.77 per cent.): 5 % , $38,787.50; 5J^%, $551,961; 6% , $799,700. Bonds, stocks, etc. (average rate on amounts invested, 4.37 per cent.): 4% , $1,597,200; 4}4% , $230,000; 4 y2% , $568,940; 5% , $421,400; 6% , $25,600; 7% , $4,500; 8% , $3,400; 10% , $21,000. Num ber of loans not over $3,000 each, 911, amounting to $1,233,627.17. 56 real estate loans made during year, amounting to $109,685. Dividends, Deposits and W ithdrawals. Ordinary dividends declared during year: January, 1918, 2 % . . . . . July, 1918, 2 } 4 % ............................................... Number of deposits during year, 12,585, amounting to . . . . . Number of withdrawals during year, 11,104, amounting to N et increase in amount due depositors . . . . . . . . $1,178,135 30 1,175,812 79 . . . $145,425 05 163,097 82 869,612 43 . $2,322 51 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $230,000 United States 4]4s 125.000 Boston 4s 150.000 Chicago, 111., 4s 25.000 Chicago, 111., 4}fa 45.000 Dayton, 0., 5s 50.000 Pittsburgh, Pa., 25.000 Seattle, Wash., 5s 30.000 Attleborough 4s 5.000 Marblehead 4s Public Funds, Notes. $1,000 Deerfield 4As 750 Hawley 4}4s 1,190 Leyden 4Ks 900 Leyden 5s 12.000 Northfield 4J^s 600 Rowe 5s 200 Sunderland 4s 4.000 Sunderland 4J4s 8,400 Sunderland 5s 13.000 Greenfield (F. D.) 4s 15.000 South Deerfield (W. D.) 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $50,000 Baltimore & Ohio 4As 33.000 Boston & Albany 4s 25.000 Boston & Albany 5s 25.000 Boston & Lowell 5s 75.000 Boston & Maine 4s 100.000 Boston & Maine 4}^s 200.000 C .,B . & Q. 4s 25.000 Chi., Mil. & St. Paul 4)/¿s 50.000 Chicago, Mil. & St. Paul 5s 25.000 Chic. & Northwestern 4s 25.000 C., R. I. & P. 4s 25.000 Cleveland Short Line 4 ^ s 25.000 Conn. & Pass. Rivers 4s 25.000 Connecticut River 6s, notes 25.000 Danbury & Norwalk 5s 76.000 Fitchburg 4s 25.000 Fitchburg 4}$s 35.000 Fitchburg 5s 150.000 Illinois Central 4s 50.000 Kal., Alleg. & G. R. 5s 100.000 Maine Central 4}4s 100.000 Mil., L. S. & West. 5s 50.000 New England 4s Par Value. $50,000 N. Y. & N. E. Term. 4s 225,000 N .Y ., N. H. & H. 4s 25.000 Northern Pacific 4J^s 25.000 Old Colony 4s 50.000 Pennsylvania 4J^s 25.000 Portland & Ogdens. 4J^s 25.000 Sullivan Co. 4s Street Railway Bonds. $100,000 Boston Elevated 4s 50.000 Boston Elevated 4}4s 50.000 Boston & Northern 4s 25.000 West End 5s Bank Stocks. Shs. 34 Webster & Atlas Nl. Bk., Boston 210 First Nl. Bk., Greenfield 25 Franklin Co. Tr. Co., Greenfield 6 North Adams National Bank 45 First Nl. Bk., Northampton 40 Hamp. Co. Nl. Bk., Northampton 132 REPO RT OF TH E [Pub. Doc, GARDNER SAVINGS BANK, GARDNER. 29 Incorporated M a y 26, 1868. PARKER STREET. Number of corporators, 53; number of trustees, 18. H e n r y F. H o w e , Clerk of the Corporation. Board o f Trustees: A . W . B a n c r o f t , C . L. B e n t , E . L. B k o o k s , B . J. B e o w n , D . It. C o l l ie r , A . P. D e r b y , T . B . D u n n , J. D . E d g e l l , H . W . G a l e , M . P. G r e e n w o o d , S e t h H e y w o o d , O. A . H o b a n , H . F . H o w e , A . E . K n o w l t o n , C. F. R ic h a r d s o n , E . G . W a t k in s , W . H . W h e e l e r , F . S. W h it t e m o r e . Board o f Investment: J. D . E d g e l l , E . L. B r o o k s , A . E . K n o w l t o n , H . W . G a l e , D . R . C o l l ie r . Auditing Committee: C . F. R ic h a r d s o n , H . F . H o w e , A . W . B a n c r o f t . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m .; also M on days, 6 to 8 p .m ., for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . Railroad bonds and notes . . . . Street railway bonds . . . . . Boston Terminal Co. bonds . . . . American Tel. & Tel. Co. bonds . . . Stocks of banks and trust companies . . Securities acquired in settlement of indebtedness 998 loans on real Sstate (average o f each, $2,969) Less amount due on uncompleted loans . . . . . $405,603 . . 553,771 . . 147,861 . . 19,729 . . 47,330 . . 65,700 . . . . . . . 5,020 . . . . $2,964,980 24 . . . . 1,919 67 ------------------------2,963,060 855 loans on personal security . . . . . . . . . . 778,194 Bank building and fixtures (estimated value, $100,000; assessed value, $74,000 ) . . 62,000 Real estate by foreclosure, etc. (assessed value, $¿,476) . . . . . . 1,541 Taxes, insurance, etc., paid on mortgaged properties . . . . . . 160 W ar savings stamps and thrift stamps . . . . . . . . 869 Deposits in national banks or trust companies . . . . . . . 77,931 C a s h ...................................................................................................................................................................2,751 96 . . . . . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . . 00 33 64 68 00 00 00 57 97 00 52 00 42 89 . . . . . $5,131,525 98 . . . . . $4,587,215 25 Liabilities. Due depositors on 12,400 accounts, averaging $369.94 each (Accounts opened during year, 1,104; closed, 1,197; decrease, 98) Surplus: — a. Guaranty fund (5.06 % o f deposits; increase during year, none) b. Profit anddoss (increase during yekr, $81,897.54) . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . $5,721 93 Less State or local taxes not charged off . . 151 33 ------------------------Deposits or installments received on sales of Liberty Loan Bonds Liberty Loan Bond coupon account . . . . . Suspense account . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . . . . 232,300 00 198,372 43 $93,871 08 5,873 26 ------------------------. . . . . . . . . . 87,997 25,310 163 166 82 00 66 82 $5,131,525 98 BAN K COMMISSIONER. No. 133 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 6 ,6 0 0 .8 5 $ 1 2,670 .25 $ 2 ,0 0 0 .0 0 C ost per $1,000 of assets 1 .2 9 2 .4 7 .39 C ost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $ 4 43 .23 .09 $ 3 ,811.86 .7 4 $ 2 5,526 .19 1 .9 8 3 .3 0 Gross income received during the year, $237,269.78. Rates on Investments and Loans (Average on All, 4.92%). Real estate loans (average rate, 5 per cent.): 5% , $2,950,410.57; 6% , $12,650. Personal loans (average rate, 5.24 per cent.): 5% , $593,808.79; 6% , $184,386.18. Bonds, stocks, etc. (average rate on amounts invested, 4.54 per cent.): 3}4%, $144,500; 4% , $503,550; 4 M % - $112,337.50; 4 ^ % , $155,000; 5% , $200,800; 6% , $48,000; 10% , $14,300; 11% , $17,100; 12% , $2,000; 20% , $4,500. 7% , $3,400; 9 % , $20,600; Number of loans not over $3,000 each, 1,653, amounting to $1,284,755.52. 7 3 real estate loans made during year, amounting to $105,097.62. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Number of deposits during year, 10,888, amounting to $88,891 64 88,506 20 630,420 19 Num ber of withdrawals during year, 9,350, amounting to N et increase in amount due depositors . . . . . . . . . . . . $807,818 03 805,209 63 . $2,608 40 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $40,000 U. S. Certs, of Indebt. 4b£s 3.500 United States 3b£s 3,450 United States 4s .'86,400 United States 4Ks 20.000 California, State of, 4s 56.000 Massachusetts 3J^s 25.000 Chelsea 4s 20.000 Chicopee 4bis ‘25,000 Dayton, 0., 5s 6.000 Gloucester 4s 10.000 Los Angeles, Cal., 4L£s 5.000 Portland, Ore., 5s 10.000 Portland, Ore., 6s 5.000 Seattle, Wash., 5s 10.000 Spokane, Wash., 4)^s 10.000 Attleborough 4s 10.000 Gardner 3Hs '31,500 Gardner 4s 2.000 Peabody 4s 1.500 Foxborough (W. D.) 4s 5.500 Van Buren, Me. (W. D.) 4s Public Funds, Notes. $5,937 Gardner 4Ks 4.000 Gardner 5s .3,600 Hubbardston 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Street Railway Bonds. Par Value. $10,000 Atch., Top. & Santa F6 4s 25.000 Baltimore & Ohio 3L£s 25.000 Baltimore & Ohio PAs 40.000 Bangor & Aroostook 5s 35.000 Boston & Maine 4s 25.000 Boston & Maine 4Hs 10.000 B., R. Beach & Lynn 4b£s 1.000 Central R.R. of N. J. 5s 45.000 Chicago, Mil. & St. Paul 5s 5.000 Connecticut River 3Lis 30.000 Fitchburg 4s 25.000 Illinois Central 3Jljs 10.000 Maine Central 4}4s 25.000 Maine Shore Line 6s 10.000 Mich. Cent. Air Line 4s 10.000 Mil., L. S. & W . 6s 10.000 Nash., Florence & Shef. 5s 10.000 N. Y . C. & H. R. 4s 101,000 N. Y., N. H. & H. 4s 25.000 No. Maine Seaport 5s 10.000 Old Colony 4s 10.000 Portland & R. Falls 4s 20.000 Portland Terminal Co. 4s 5.000 San Fran. & San J. Valley 5s 15.000 Upper Coos 4s . Par Value. $15,000 Boston Elevated 4s 25.000 Boston Elevated 4Hs 25.000 Boston & Northern 4s 5.000 Brockton 5s 5.000 N. B., Middleboro & Brock. 5s 20.000 Old Colony 4s 25.000 Springfield 4s 25.000 West End 5s * Bank Stocks. Shs. 18 Millers River Nl. Bk., Athol 45 First Nl. Bk., Boston 20 Merchants Nl. Bk., Boston 8 First Nl. Bk., Clinton 30 Fitchburg Bank & Trust Co. 206 First Nl. Bk., Gardner 100 Orange Nl. Bk. 34 Crocker Nl. Bk., Turner’s Falls 171 First Nl. Bk., Winchendon 25 Merchants Nl. Bk., Worcester 134 R E PO R T OF THE [Pub. Doc, GEORGETOWN SAVINGS BANK, GEORGETOWN. 24 Incorporated M a y 26, 1868. EAST M AIN STREET. Number of corporators, 35; number of trustees, 15. L e w is H . G il e s , Clerk o f the Corporation. * \ Board o f Trustees: W . E . A t k in s o n , L. H . B a t e m a n , D . F . B u c k l e y , G . F . C a r l e t o n , E . A . C h a p S. A . D o n o g h u e , E . S. F ic k e t t , L. H . G il e s , F . H . H a r r im a n , M . L. H o y t , R . F. M e t c a l f , G . W . N o y e s , H . H . N o y e s , H . E . P e r k in s , C . E . T y l e r . l in in , Board o f Investment: Auditing Committee: H . H . N o y e s , S. A . D o n o g h u e , C . E . T y l e r . L . H . G il e s , M . L. H o y t , F . H . H a r r im a n . Deposits draw interest from third Wednesday of January, April, July and October; dividends arepayable the fourth Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 a .m . to 12 M. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 362 loans on real estate (average of each, $1,180.74 ) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $36,500 00' 170,114 85 35,880 00 14,135 0 0 ‘ 7,400 00' . . . $409,703 45 375 00 ---------------------------------------------- 409,328 45 6 loans on personal security . . . . . . . . . . . 27,558 48 Deposits in national banks or trust companies . . . . . . . 33,860 25 C a s h ................................................................................................................................................................... 325 06 . . . . . . . T otal A s s e t s ...........................................$735,102 09 Liabilities. Due depositors on 1,600 accounts, averaging $426.23 e a c h ...............................................$681,974 62' (.Accounts opened during year, 77; closed, 187; decrease, 60) Surplus: — o. Guaranty fund {5.1+8% o f deposits; increase during year, none) b. Profit and loss {increase during year, $3,118.09 ) . . . Current income: — I n t e r e s t ........................................................................................................ Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . . $704 86 183 66 ------------------------- 37,000 00 15,606 27 521 20 $735,102 09 135 BAN K COMMISSIONER, No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. $ 2 0 .6 3 .03 $ 5 84 .34 .6 8 Am ount paid for $ 1 ,313.46 $ 1 ,997.42 $2 7 5 .0 0 Cost per $1,000 of assets 1 .7 9 2 .5 8 .3 7 Cost per $1,000 of assets not including State tax and rent . Total. $ 4 ,1 9 0 .8 5 5 .4 5 3.2 9 . Gross income received during the year, $37,705.80. Rates on Investments and Loans (Average on All, 5.35%), Real estate loans (average rate, 6 per cent.): 6% , $408,628.45; 6J^%, $100; 7% , $600. Personal loans (average rate, 5.62 per cent.): 5% , $358.48; 5)4% , $20,000; 6% , $7,200. Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cen t.): 3 % , $15,000; 3 )4 % , $15,000; 4 % , $144,000; 4)4% , $15,000; 4)4% , $78,000; 5% , $7,000. Number of loans not over $3,000 each, 354, amounting to $337,261.93. 4 real estate loans made during year, amounting to $4,475. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 % Oct., 1918, 2)4% Number of deposits during year, 623, amounting to . . . Number of withdrawals during year, 1,141, amounting to . . N et decrease in amount due depositors . . . . . $13,918 42 15,056 58 44,986 63 . . . . . $73,961 63 110,880 8 6 $36,919 23 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $15,000 United States 4J4s 3.000 Everett 4s 1.000 Marlborough 4s 5.000 New Bedford 4s 5.000 Omaha, Neb., 4)4s 4.000 Georgetown 4s 1.000 Longmeadow 4s 2,500 W. & S. Acton (W. S. D ) 4s Railroad Bonds. $15,000 Baltimore & Ohio 4s 10,000 Bennington & Rutland 4)4s 5.000 Boston & Albany 3)4s 8.000 Boston & Albany 4s 5.000 Boston & Maine 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $5,000 Chicago, Indiana & South. 4s 10.000 Chicago, Mil. & St. Paul 4)4s 4.000 Concord & Montreal 4s 10.000 Delaware & Hudson 4s 5.000 Fitchburg 4s 15.000 Illinois Central 3s 10.000 Illinois Central 3)4s 14.000 Illinois Central 4s 10.000 Maine Central 4)^s 10.000 N. Y . C. & H. R. 4s 5.000 New York & N. Eng. Term. 4s 2.000 N. Y., N. H. & H. 4s 5.000 Old Colony 4s 10.000 Pennsylvania 4J/2S 15.000 Portland Terminal Co. 4s 3.000 Upper Coos 4s 4.000 Upper Coos 4Hs Street Railway Bonds. Par Value. $25,000 Boston Elevated 4Ks 1.000 Lynn & Boston 5s 1.000 Providence & Taunton 5s 5.000 Springfield & Eastern 5s 4.000 Worcester & Southbridge 4)^s Bank Stocks. Shs. 55 Georgetown Nl. Bk. 20 First Nl. Bk., Ipswich REPO RT OF THE 136 [Pub. Doc, GRAFTON SAVINGS BANK, GRAFTON. Incorporated March 13, 1869. Number of corporators, 50; number of trustees, 22. H abrington L. N ichols, President. F rancis P rescott, Clerk of the Corporation. Joseph A . D odge, Treasurer. K athhina A . D odge, Assistant Treasurer. F . A. A nderson, F . H . C lapp, S. L. D avenport, J. F. D onahue, C. H . E lliot, F. L. Farnum, P erley G oddard, M artin H ickey, E. A. H owe, E. E. H owe , F. M. M cGarry, E dmund M ortimer, H . L. N ichols, F rancis P rescott, H iram R eynolds, L. M. R ice, Charles Sartelle, C. L. Seabury, N apoleon T ebo, E. P. Usher, F. H. W arren , O. M. W ing . Board o f Trustees: Board o f Investment: O. M. W ing , S. L. D avenport, P erley G oddard, C. L. Seabury , H. L. N ichols. Auditing Committee: O. M. W ing, M artin H ickey , E . E . H owe. Deposits draw interest from first day of January, April, July and October; dividends are payable January 15 and July 15. Business hours; 9 a .m. to 12 m.; 1.30 to 3 p .m.; Saturdays, 9 a .m . to 12 M. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. C o. bonds . . . . Stocks of banks and trust companies 217 loans on real estate (average of each, $1,825.85 ) . 14 loans on personal security . . . . Real estate by foreclosure, etc. (assessed value, $4-,200) Deposits in national banks or trust companies Cash and cash items . . . . . . 101,481 54,857 7,826 500 396,210 4,690 4,204 25,818 1.882 T otal Assets 25 50 25 00 00 00 03 84 27 $655,805 14 Liabilities. Due depositors on 1,213 accounts, averaging $477.14 each ( Accounts opened during year, 110; closed, 218; decrease, 108) Surplus: — a. Guaranty fund (5.07% o f deposits; increase during year, $2,100) b. Profit and loss (increase during year, $1,846.90) Current incomer — Interest . . . . . . . . . . Less current expenses not charged off Liberty Loan Bonds held for safe-keeping https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . T otal Liabilities . . $578,766 66 29,400 00 21,920 00 $11,234 39 1,212 91 10,021 48 15,697 00 $655,805 14 137 BAN K COMMISSIONER. No. / T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Other Expenses. $1 3 0 .2 0 $ 8 43 .90 .2 0 1 .2 8 ............................................... Amount paid for $ 6 91 .52 $1 ,8 0 0 .5 0 $2 0 0 .0 0 •Cost per $1,000 of assets 1 .0 5 2 .7 4 .30 Cost per $1,000 of assets not including State tax and rent . Total. $ 3 ,666.12 5 .5 7 4 .2 2 Gross income received during the year, $31,020.19. Rates on Investments and Loans (Average on All, 4.98%). Real estate loans (average rate, 5.55 per cent.): 5 H % , $354,962; 6% , $41,248. Personal loans (average rate, 5.86 per cent.): 5J^%, $1,200; 6% , $3,490. Bonds, stocks, etc. (average rate on amounts invested, 3.94 per cent.): 3J^%, $1,850; 4% , $108,380; 4 M % . $29,105; 4 V2% , $27,000; 5% , $38,000; 8% , $600. Number of loans not over $3,000 each, 184, amounting to $244,635. ■8 real estate loans made during year, amounting to $8,350. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % . . . . . July, 1918, 2 % ............................................... Number of deposits during year, 1,390, amounting t o .......................................................... Number of withdrawals during year, 932, amounting to N et increase in amount due depositors . . . . . . . . . . . . $11,016 92 11,206 20 64,631 45 . . $86,854 57 78,118 44 $8,736 13 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $1,850 United States 3Ks 1,150 United States 4s 29,105 United States 4h£s 8.000 Boston 4s 3.000 Lynn 4s 5.000 San Francisco, Cal., 5s 2.000 Ashland 4s 2,700 Grafton 4s Public Funds, Notes. $5,530 Grafton 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $5,000 Baltimore & Ohio 5s 5.000 Bangor & Aroostook 5s 5.000 Boston & Albany 5s 12.000 Boston & Maine 4s 5.000 C ..B .& Q . 4s 5.000 Illinois Central 4s 10.000 N. Y . C. & H. R. 4s 26.000 N. Y., N. H. & H. 4s 15.000 No. Maine Seaport 5s 15.000 Portland & R. Falls 4s Street Railway Bonds. Par Value. $11,000 Boston Elevated 4s 15.000 Boston Elevated 4j^s 10.000 Boston & Northern 4s 3.000 Brockton 5s 5.000 West End 4s 12.000 Worcester Con. 4J^s Bank Stocks. Shs. 6 Spencer Nl. Bk. R E PO R T OP TH E 138 [Pub. Doc, GRANITE SAVINGS BANK, ROCKPORT. 9 Incorporated March 21, 1884. M AIN STREET. Number of corporators, 33; number of trustees, 12. H enry H. T hurston, President. F rank W . T arr , Clerk of the Corporation. Grafton B utman, Treasurer. A . Carl B utman, Assistant Treasurer. Board o f Trustees: James A bbott, A . C . B utman, G rafton B utman, A . H . F rench, F rancis N oble, L. A . R ogers, B . N . T arr , F . W . T arr , H . H . T hurston, L. W . T hurston, F. C . T odd, H . C . T ufts. Board o f Investment: H . H . T hurston, B . N . T arr , L. W . T hurston, H . C . T ufts, James A bbott. Auditing Committee: A. H. French , B. N . T arr, F. W. T arr . Deposits draw interest from first day of January, April, July and October; dividends are payable April 4 and October 4. Business hours; 9 a .m. to 12 m.; also Wednesdays, 2 to 3 p .m., and Satur days, 2 to 3 and 6 to 8 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . j. . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 298 loans on real estate (average o f each, $993.34 ) . . . . . . . 35 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $8,000; assessed value, $8,000) . . Real estate by foreclosure, etc. (assessed value, $16,600) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ................................................................................................................................................................... Total Assets . . . . . $91,787 80 47,226 25 10,880 00 8,882 50 18,703 50 296,017 00 26,355 00 8,000 00 14,054 41 761 70 272 50 8,221 00 1,005 69 $532,167 35 Liabilities. D ue depositors on 1,770 accounts, averaging $278.15 each $492,334 36 (Accounts opened during year, 328; closed, 247; increase, 81) Surplus: — a. Guaranty fund (6.02 % o f deposits; increase during year, none) b. Profit and loss (increase during year, $2,766.13) . . Current income: — • Interest . . . . . . . . . . Less current expenses not charged off . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 24,749 00 14,556 53 $852 72 325 26 -------------- 527 46 T otal L ia b i lit i e s .......................................... $532,167 35 BAN K COMMISSIONER. No. 8.] 139 T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Am ount paid for $ 5 38 .61 $2 ,4 9 9 .5 0 $1 8 0 .0 0 Cost per $1,000 of assets 1 .01 4 .7 0 .3 4 Cost per $1,000 of assets not including State tax and rent . Other Expenses. $ 7 6 9 .5 9 1 .4 5 $3 7 2 .3 0 .7 0 Total. $ 4 ,3 6 0 .0 0 8 .2 0 6 .8 5 Gross income received during the year, $25,724.74. Rates on Investments and Loans (Average on All, 5.34%). Real estate loans (average rate, 5.98 per cent.): 5 M % . $4,200; 6% , $291,817. Personal loans (average rate, 6.13 per cent.): 5% , $2,045; 5M%> $300; 6% , $11,185; 6 M % , $ 6,000; 7 % , $6,000. Bonds, stocks, etc. (average rate on amounts invested, 4.14 per cent.): 3% , $2,000; 3M%> $19,750; 3 % % , $1,000; 4 % , $98,650; 4 M % . $21,500; 4 M % , $8,000; 5% , $20,000; 6% , $800; 6 M % , $1,200; 12% , $1,500; 20 % , $500. Number of loans not over $3,000 each, 323, amounting to $281,772. 17 real estate loans made during year, amounting to $24,335. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 % . . . . . Oct., 1918, 2 M % ............................................... N u m b er of deposits during year, 3,420, amounting to . . . . . . Number of withdrawals during year, 1,408, amounting to N et decrease in amount due depositors . . . . . . . . . . . $9,292 39 10,405 75 87,213 44 . $106,911 58 107,388 14 . $476 56 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $7,750 United States 3 Mis 3,850 United States 4s 21,500 United States 4J4s 3.000 Massachusetts 3Ms 1.000 Massachusetts 4s 4.000 Essex Co. 4s 3.000 Boston 3 Ms 1.000 Boston 4s 6.000 Cheisea 4s 2.000 Chicago, 111., 4s 1.000 Everett 4s 3.000 Fall River 4s 1.000 Lynn 4s 3.000 New Britain, Conn., 4s 1.000 Pittsburgh, Pa., 4s 2.000 San Francisco, Cal., 5s 2.000 Schenectady, N. Y., 4s 1.000 South Norwalk, Conn., 4s 2.000 Springfield 4s 2.000 Troy, N. Y., 4s 1.000 Waltham 4s 1.000 Waterbury, Conn., 4s 1.000 Concord 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $2,000 Danvers 4s 2.000 Douglas 4s 1.000 Marblehead 4s 5.000 North Andover 4s 2.000 Orange 4s 3.000 Stoneham 4s 2.000 Swampscott 3Ms Public Funds, Notes. $1,000 Plymouth 3 Ms Railroad Bonds. $4,000 Baltimore & Ohio 5s 2.000 Bangor & Aroostook 5s 5.000 Boston & Maine 4s 3.000 Boston & Maine 4Ms 4.000 Chic., Mil. & St. Paul 4s 7.000 Fitchburg 4s 2.000 Illinois Central 3s 6.000 N. Y. C. & H . R .4s 4.000 N. Y., N. H. & H. 3Ms 4.000 N. Y „ N. H. & H. 4s 2.000 Northern Maine Seaport 5s Par Value. $2,000 Old Colony 4s 1.000 Pennsylvania 4 Ms 2.000 Pitts., Vir. & Charleston 4s 1.000 United N. J. R.R. & C. Co. 4s Street Railway Bonds. $2,000 Boston Elevated 4s 2.000 Boston Elevated 4Ms 1.000 West End 4s 2.000 West End 4Ms 4.000 West End 5s Bank Stocks. Shs. 15 Beverly Trust Co. 5 First Nl. Bk., Boston 12 Cape Ann Nl. Bk., Gloucester 8 Gloucester Nl. Bk. 15 Gloucester S. D. & T. Co. 60 Manchester Trust Co. 13 Rockport Nl. Bk. 10 Park Trust Co., Worcester 140 REPO RT OF TH E [Pub. Doc, GREAT BARRINGTON SAVINGS BANK, GREAT BARRINGTON. 264 M AIN STREET. Incorporated February 3, 1869. Number of corporators, 34; number of trustees, 15. W illiam W. N orton, President. C larence R. Sabin , Treasurer. W alter B. Sanford, Clerk of the Corporation. J. C. B enton, O. C. B idwell, J. H. C. C hurch, A . C. C ollins, A . S. F assett, C. M . G ibbs, C harles G iddings, F. E . G iddings, R. O. H arper, W. W. N orton, T. E . R amsdell, C. R. Sabin , W. B. Sanford, F. H. T urner, F. H. W right.* Board of Trustees: W . W . N orton, O. C . B idwell, A . S. Fassett, F. E . G iddings, F. H . T urner. Board of Investment: W . B . Sanford, J. C . B enton, C . M . Gibbs . Auditing Committee: Deposits draw interest from first day of January, April, July and October; dividends are payable the first day of January and July. Business hours: 9 a .m. to 12 m.; 1 to 3 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . Railroad bonds and notes . . . . . . . Street railway bonds . . . . . . . . Boston Terminal Co. bonds . . . . . . . American Tel. & Tel. C o. bonds . . . . . . Stocks of banks and trust companies . . . . . 490 loans on real estate (average o f each, $2,642.86) . . . 32 loans on personal security . . . . . . Bank building and fixtures ( estimated value, $30,105.94; assessed Real estate by foreclosure, etc. (assessed value, $9,640) . . Deposits in national banks or trust companies . . . Cash and cash items . . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . . . . . . $92,121 14 529,418 75 88,782 50 20,000 00 40,580 00 160,120 14 1,294,706 00 61,091 87 30,105 94 10,411 68 32,480 38 1,809 67 . . . . . . . . . . . . . . value, $15,000) . . . . . . . . . . . . . . $2,361,628 07 . . . . . $2,189,601 25 Liabilities. Due depositors on 5,592 accounts, averaging $391.56 each (Acdounts opened during year, 502; closed, 571; decrease, 69) Surplus: — a. Guaranty fund 14-61% of deposits; increase during year, $6,000) . . . b. Profit and loss (increase during year, $5,439.29) . . . . . . Current income: — Interest f . . . . . . . . . $39,728 85 Less current expenses not charged off . . . . 2,005 50 ------------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 101,000 00 33,303 47 37,723 35 Total L ia b ilitie s ...........................................$2,361,628 07 * Since deceased. 141 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $3,3 8 6 .3 0 $4 ,3 6 9 .2 5 $ 2 ,0 0 0 .0 0 Cost per $1,000 of assets 1 .4 3 1 .8 5 .84 Cost per $1,000 of assets not including State tax and rent . $ 2 7 .7 5 .01 . . Other Expenses. Total. $750.21 .32 . . $10,533.51 4.452 .1 8 . Gross income received during the year, $107,270.22. Rates on Investments and Loans (Average on All, 4.81%). Real estate loans (average rate, 5.04 per cent.): 5% , $1,237,221; 6% , $57,485. Personal loans (average rate, 6 per cent.): 6% , $61,091.87. Bonds, stocks, etc. (average rate on amounts invested, 4.42 per cent.): 3 M % , $115,000; 4% , $474,621.14; 4 J i% , $12,000; 4 H % , $65,000; $16,200; 12% , $6,500. 5% , $109,400; 6% , $33,100; 7% , $14,400; 8% , $48,800; 10% , Number of loans not over $3,000 each, 4jl3, amounting to $583,672.87. 39 real estate loans made during year, amounting to $76,815. Dividends, Deposits and Withdrawals. $42,429 32 42,160 22 305,779 43 Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2% Number of deposits during year, 3,902, amounting to Number of withdrawals during year, 3,901, amounting to N et decrease in amount due depositors . . . . . . . . . . . . $390,368 97 418,445 64 . *$ 2 8 ,0 7 6 67 SCHEDULE OP SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 United States 3}^s 22,621 United States 4s 12.000 United States 4J4s 11.000 Boston 4s 20.000 Chicago, 111., 4s 9.000 Great Barrington (F. D.) 4s Public Funds, Notes. $7,500 Berkshire County 4J^s Railroad Bonds. $30,000 Baltimore & Ohio 4J^s 40.000 Bangor & Aroostook 5s 30.000 Boston & Albany 4s 20.000 Boston & Lowell 4s 39.000 Boston & Maine 4s ■ 20.000 Boston & Maine 4Hs 30.000 C., B. & Q. 3 ^ s 60.000 C., B. & Q. 4s 15.000 Chi., Mil. & St. Paul 4Ks 9.000 Connecticut River 4s 40.000 Fitchburg 4s 30.000 N. Y., N. H. & H. 3%s 45.000 N. Y., N. H. & H. 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $47,000 No. Maine Seaport 5s 55.000 Old Colony 4s 25.000 Washington Co. 3}^s Street Railway Bonds. $44,000 Boston Elevated 4s 15.000 Hoosac Valley 4s 10.000 Leominster, Shirley & Ayer 5s 10.000 Lynn & Boston 5s 10.000 West End 4s Bank Stocks. Shs. 6 First Nl. Bk., Adams 60 Beverly Nl. Bk. 10 Commercial Nl. Bk., Boston 23 Fourth-Atlantic Nl. Bk., Boston 45 Market Trust Co., Boston 14 Nl. Union Bk., Boston 72 Peoples Nl. Bk., Boston 16 Dedham Nl. Bk. 12 Franklin Nl. Bk. 39 Nl. Mahaiwe Bk., Gt. Barrington 8 Franklin Co. Tr. Co., Greenfield 38 First Nl. Bk., Haverhill Shs. 30 City Nl. Bk., Holyoke 26 Holyoke Nl. Bk. 25 Park Nl. Bk., Holyoke 24 Lee Nl. Bk. 75 Leominster Nl. Bk. 80 Manufacturers Nl. Bk., Lynn 10 Nl. Bk. of Methuen 108 Millbury Nl. Bk. 30 Monson Nl. Bk. 10 First Nl. Bk., New Bedford 10 Mechanics Nl. Bk., New Bedford 67 No. Adams Nl. Bk. 19 Warren Nl. Bk., Peabody 1 Pittsfield Nl. Bk. 23 Old Colony Nl. Bk., Plymouth 10 Nl. Mt. Wollaston Bk., Quincy 11 Framingham Nl. Bk., So. Fram. 35 Chapin Nl. Bk., Springfield ICO Chicopee Nl. Bk., Springfield 50 Bristol Co. Nl. Bk., Taunton 10 Bristol County Tr. Co., Taunton 39 Crocker Nl. Bk., Turners Falls 15 Blackstone Nl. Bk., Uxbridge 3 Ware Trust Co. 10 First Nl. Bk., Winchendon 25 Merchants Nl. Bk., Worcester REPO RT OF TH E 142 [Pub. Doc, GREENFIELD SAVINGS BANK, GREENFIELD. 358 M AIN STREET. Incorporated March 19, 1869. Number of corporators, 29; number of trustees, 12. E ugene B. B lake, President. W illiam F. A iken , Treasurer. Samuel D. C onant, Clerk o f the Corporation. W . F. A iken , W . S. A llen, E . B . B lake , S. D . C onant, J. E . D onovan, C. L . F ield, L. F. G raves, R., W. H unter, C . H. K eith, G. C . L unt, J. H. Sanderson, F. L . W hitmore. Board o f Trustees: Board o f Investment: E . B . B lake , C. H. K eith , J. E . D onovan, G . C . L unt, W. S. A llen. E. B. B lake, C. L. Field , L. F. Graves. Auditing Committee: Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m. to 3 p .m.; Saturdays, 9 a .m. to 12.30 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. C o. bonds . . . . Securities acquired in settlement of indebtedness . 348 loans on real estate {average o f each, $1,813.75) . 79 loans on personal security . . . . Suspense account . . . . . . Deposits in> national banks or trust companies . Cash and cash items . . . . . . . . . . . . . T otal Assets . . . . . . . . . $2,008,786 15 . . . . . . . . . . . . . . . . . . . . $190,147 00 607,115 00 97,500 00 54,000 00 7,755 00 631,185 75 400,529 08 25 00 18,370 80 1,858 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . Liabilities. D ue depositors on 4,152 accounts, averaging $440.68 each ( Accounts opened during year, ¡252; closed, 415; decrease, 163) Surplus: — a. Guaranty fund (5.73% o f deposits; increase during year, none) b. Profit and loss (increase during year, $3,098.93) Current income: — Interest . . . . . . Less current expenses not charged off . . . . $1,829,717 95 104,888 96 38,895 51 $24,717 32 2,885 59 21,831 73 13,452 00 Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . $2,008,786 15 BANK COMMISSIONER. No. 143 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Kent. Advertising. Other Expenses. Total. $2 8 1 .9 0 .14 $ 1,383.16 .69 $14,078 .72 7 .0 1 3 .7 6 Am ount paid for $5,7 2 3 .5 6 $ 5 ,885.10 $ 8 05 .00 Cost per $1,000 of assets 2 .8 5 2 .9 3 .40 C ost per $1,000 of assets not including State tax ¿nd rent . Gross income received during the year, $95,029.41. Rates on Investments and Loans (Average on All, 5.22%). Real estate loans (average rate, 5.71 per cent.): 5 }^ % , $370,966.92; 6% , $260,218.83. Personal loans (average rate, 6 per cent.): 6% , $400,529.08. Bonds, stocks, etc. (average rate on amounts invested, 4.57 per cent.): 3% , $50,000; 3J^%, $76,000; 4 % , $443,000; 4 M % , $117,450; 4 > i% , $50,000; 5% , $197,000; 5 H % , $22,000; 6% , $60,000. Num ber of loans not over $3,000 each, 370, amounting to $448,670.38. 13 real estate loans made during year, amounting to $23,150. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % . July, 1918, 2 M % Number of deposits during year, 1,524, amounting to • Num ber of withdrawals during year, 1,992, amounting to . $36,957 92 40,804 58 150,066 35 . . . . $227,828 85 280,327 59 $52,498 74 N et decrease in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $25,000 U. S. Certs, of Indebt. 4}^s 117,450 United States 4j4b Public Funds, Notes. $8,000 14.000 8.000 5.000 13.000 Franklin County 5Ms Northfield 5p£s Northfield 6s Colrain (F. D.) 4s Greenfield (F. D.) 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $50,000 Boston & Maine 3s 25.000 Boston & Maine 4s 25.000 Boston & Maine 4J^s 50.000 C., B. & Q. 4s 47.000 Chicago & Northwest. 5s 52.000 Chicago & Northwest. 6s 7,000 Fitchburg 4s 76.000 Illinois Central ?>y¿s 100,000 Milwaukee, L. S. & W. 5s 50.000 N. Y. C. & H. R. 4s Par Value. $133,000 N. Y., N. H. & H. 4s 50,000 W. Virginia & Pittsburgh 4s Street Railway Bonds. $50,000 Lynn & Boston 5s 50,000 Springfield 4s 144 REPO RT OF THE [Pub. D oc. GROVE HALL SAVINGS BANK, BOSTON. 648 WARREN STREET (ROXBUR Y DISTRICT). Incorporated January 30, 1914. Number of corporators, 35; number of trustees, 21. A lbert A. Ginzbeeg, President. Joseph L. D owney, Treasurer. G uy A. H am, Clerk o f the Corporation. Board of Trustees: P. S. A ronson, T obias B erman, E . J. B rody, R euben B roomfield, W . L. C ol lins, J. L. D owney , A. A . G inzberg , J. H. G oodman, A . M . Greenblatt , Oscar G rosberg,. G. A. H am, D. M . K asanof, C olman L evin , M . L. L ourie , H yman P hillips, N athan P inanski, L ouis R osenberg, A. R . R osenthal, Joseph R udnick, I. W . Shapira, H arris Ulin . Board o f Investment: Joseph R udnick, P . S. A ronson, I. W . Shapira, A . A . G inzberg, A . R . R osen thal , J. H . G oodman. Auditing Committee: E . J. B rody, A . M . G reenblatt, M . L. L ourie. Deposits draw interest from second Wednesday of February, M ay, August and November; dividends are payable the second Wednesday of M ay and November. Business hours: 9 a .m. to 3 p .m.; also M ondays and Saturdays, for deposits only, 7 to 9 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . ' . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Stocks of banks and trust companies . . . 70 loans on real estate (average o f each, $4,938.21 ) . 43 loans on personal security . . . . Suspense account . . . . . . W ar savings, thrift and revenue stamps . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . $63,026 14 2,895 00 4,925 00 15,642 50 345,675 00 133,685 50 148 27 98 95 4,503 42 3,718 71 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $574,318 49 . . . . . $516,264 19 Liabilities. Due depositors on 4,098 accounts, averaging $125.98 each (Accounts opened during year, 1,491; closed, 989; increase, 60S) Surplus: — • a. Guaranty fund (.50% o f deposits; increase during year, $1,025) b. Profit and loss {increase during year, $161.06) . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sale of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . . . . . . . . $11,027 62 3,032 24 ------------------------. . . . . . 2,580 0 0 161 06 7,995 38 47,317 86 $574,318 49 No. 8.] BANK COMMISSIONER. 145 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $ 3 35 .69 $2 ,8 4 8 .0 3 $ 1 ,0 0 0 .0 0 $4 7 7 .5 5 Cost per $1,000 of assets .5 8 4 .9 6 1 .7 4 .83 Cost per $1,000 of assets not including State tax and rent . . . . Other Expenses. Total'. $ 1 ,3 2 0 .5 8 2 .3 0 . . $ 5 ,9 8 1 .8 5 ’ 10.4 1 8 .0 9 ' Gross income received during the year, $25,313.87. Rates on Investments and Loans (Average on All, 5.66%). Real estate loans (average rate, 5.76 per cent.): 5 M % . $9,500; 5M % , $109,275; 6% , 5% , $21,125; $205,775. Personal loans (average rate, 6.21 per cent.): 5% , $300; 5 H % , $5,000; 6% , $56,235.50; 6 M % . $18,650; 6 ^ % , $53,500. Bonds, stocks, etc. (average rate on amounts invested, 4.42 per cent.): 3J^%, $3,450; 4-14%, $30,600 ; 4 X % , $35,000; 5% , $2,000; 6% , $1,000; 7% , $5,000; 8% , $1,000; 12%, $2,000. Number of loans not over $3,000 each, 34, amounting to $49,460.50. 20 real estate loans made during year, amounting to $101,200. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: N o v ., 1917, 2% M ay, 1918, 2 % Number of deposits during year, 14,763, amounting to $6,278 92 7,170 65 344,439 33 . $357,888 90 215,842 31 Number of withdrawals during year, 5,449, amounting to N et increase in amount due depositors $142,046 59 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $25,000 U. S. Certs. of Indebt. 4Ks 3,450 United States 3L£s 30,600 United States 4his 2.000 Los Angeles, Cal., 4J£s 2.000 San Francisco, Cal., 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $3,000 Chi., Mil. & St. Paul 4Ms Street Railway Bonds. $5,000 West End 4J^s Bank Stocks. Shs. 10 Beacon Trust Co., Boston 50 Federal Trust Co., Boston 10 International Tr. Co., Boston 10 United States Tr. Co., Boston 10 Stoughton Tr. Co. [Pub. Doc, R E PO R T OF THE 146 HAMPDEN SAVINGS BANK, SPRINGFIELD. 294 M AIN STREET. Incorporated April 13, 1852, Number of corporators, 40; number of trustees, 13. Louis C. H yde , Clerk o f the Corporation. H . J. B eebe, H . R . B emis, G . R . E stabbook, W. E . G ilbeet, S. L. H aynes , L. C . H yde, T . W. Leete, C . H . M ulligan, T. H . N ye , F. B. P owebs, M. S. Southwobth, F . H . Stebbins, E . T. T ifft . Board o f Trustees: Board of Investment: F . H . Stebbins, W . E . G ilbebt, H . R . B emis, C. H . M ulligan. Auditing Committee: E . T . T ifft , M . S. Southwobth, C . H . M ulligan. Deposits draw interest from the fifteenth day of February, M a y , August and November; dividends are payable February 18 and August 18. Business hours; 9 a .m . to 4 p .m .; Saturdays, 9 a .m . to 12 M. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 390 loans on real estate (average of each, $10,260.19) . . . . . 41 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $148,856.11; assessed value, $125,000) Liberty Loan Bonds, balance due from subscribers . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . Total Assets . . . $175,000 1,763,623 174,000 10,398 26,300 4,001,475 175,850 143,855 14,575 157,093 10,620 00 25 00 75 00 00 00 11 00 49 78 . . . . . $6,752,791 38 . . . . . $6,283,862 82 Liabilities. D ue depositors on 10,766 accounts, averaging $583.68 each (Accounts opened during year, 1,559; closed, 1,882; increase, 227) Surplus: — a. Guaranty fund (5.02% o f deposits; increase during year, $6,200) . . . b. Profit and loss (increase during year, $21,905.64) . . . . . . Current income: — Interest . . . . . . . . . . $29,983 49 Less current expenses not charged off . . $4,055 88 Less State or local taxes not charged off . . 1,480 00 ------------------------>. 5,535 88 — ------------------ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities 315,500 00 128,980 95 24,447 61 . $6,752,791 38 147 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $9 ,4 4 3 .8 8 $ 1 0 ,976 .98 $ 5 ,6 0 0 .0 4 Cost per $1,000 of assets 1 .3 9 1 .6 2 .82 Cost per $1,000 of assets not including State tax and rent . Advertising. $311.91 .05 Other Expenses. Total. $10,482.62 1.55 $36,815.43 5.43 3.22 Gross income received during the year, $311,789.31. Rates on Investments and Loans (Average on All, 4.97%). Real estate loans (average rate, 5.41 per cent.): 5%, $675,000; 5M%>. $3,326,475. Personal loans (average rate, 5.81 per cent.): 5%, $42,450; 6%, $113,400; 6M%> $20,000. Bonds, stocks, etc. (average rate on amounts invested, 4.11 per cent.): 3M%> $450,000; 4%, $1,470,000; 4M % . $125,000; 4M % . $75,000; 5%, $150,000; 6%, $21,300; 10%, $5,000. Number of loans not over $3,000 each, 206, amounting to $355,125. 5 real estate loans made during year, amounting to $64,700. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Feb., 1918, 2% Aug., 1918, 2% Number of deposits during year, 10,312, amounting to Number of withdrawals during year, 8,654, amounting to N et increase in amount due depositors $118,668 24 120,658 35 1,084,709 73 $1,324,036 32 1,168,201 62 $155,834 70 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $125,000 United States 4Ms 50,000 Boston 4s Railroad Bonds. $150,000 Baltimore & Ohio 4s 50.000 Baltimore & Ohio 5s 50.000 Boston & Albany 4s 50.000 Boston & Albany 5s 50.000 Boston & Lowell 4Ms 50.000 Boston & Maine 3Ms 50.000 B. & N. Y. Air Line 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $100,000 N. Y., N. H. & H. 3Ms $100,000 C., B .& Q. 3Ms 200,000 N. Y „ N. H. & H. 4s 100.000 C., B. & Q. 4s 50.000 Old Colony 4s 50.000 Chicago, Mil. & St. Paul 4s 100.000 Conn. River 4s 50;000 Fitchburg 3Ms Street Railway Bonds. 50.000 Fitchburg 4s $75,000 Boston Elevated 4s 100.000 Illinois Central 3Ms 50.000 Boston Elevated 5s 125.000 Illinois Central 4s 50.000 Springfield 4s 50.000 Lake Shore & Mich. So. 4s 25.000 Maine Central 4Ms Bank Stocks. 50.000 Minn., St. P. & Sit. St. M. 4s Shs. 50.000 N. Y . C. & H. R. 3Ms 213 Chapin Nl. Bk., Springfield 100.000 N. Y. C. & H. R. 4s 50 Chicopee Nl. Bk., Springfield 50.000 N. Y. & N. E. Term. 4s [Pub. Doc, R E PO R T OF TH E 148 HAVERHILL SAVINGS BANK, HAVERHILL. 153 M ER RIM AC K STREET. Incorporated February 8, 1828. Number of corporators, 53; number of trustees, 17. A l f r e d E . C o l l in s , Clerk o f the Corporation. Board o f Trustees: I. A . A b b o t t , W . E . B i x b y , C . E . D o l e , W . H . F l o y d , E . G . F r o t h in g h a m , H . B. G o o d r ic h , H . M . G o o d w in , J. L . H o b s o n , F . E . H u t c h in so n , G . W . L e n o x , H . E . L e w i s , J. A . L y n c h , F . D . M c G r e g o r , I saac P o o r , C . D . P o r t e r , W . W . S p a u l d in g , A . H . W e n t w o r t h . Board o f Investment: W . W . S p a u l d in g , F . D . M c G r e g o r , H . E . L e w i s . Auditing Committee: C . E . D o l e , W . H . F l o y d , F . D . M cG r e g o r . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the fourth Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; Sat urdays, 9 a .m . to 12.30 P.M. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American T el. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 965 loans on real estate (average of each, $0,244-%%) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . $5,061,575 00 900 00 ------------------------39 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $76,000; assessed value, $83,600 ) . . Real estate by foreclosure, etc. (.assessed value, $70,400) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . $1,266,500 908,635 234,070 145,018 153,100 00 00 00 75 00 5,060,675 692,400 25,000 60,497 119 360 251,808 7,272 00 00 00 78 50 42 22 30 . . . . . $8,805,456 97 . . . . . $7,957,312 59 Liabilities. D ue depositors on 17,115 accounts, averaging $464.93 each (Accounts opened during year, 1,414: closed, 1,376; increase, 38) Surplus: — o. Guaranty fund (6.07% o f deposits; increase during year, none) b. Profit and loss (increase during year, $44,690.06 ) . . . Current income: — o. Interest . . . . . . . $9,466 25 b. R e n t ...................................................................... 41 67 , ------------------------Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds Suspense account . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . . . . . . 403,100 00 428,359 74 $9,507 92 110 92 ------------------------. . . . . . . 9,397 00 7,077 00 210 64 . $8,805,456 97 149 B AN K COMMISSIONER, No. 8.] Total Expenses for the Tear, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Other Expenses. Total. $3 ,5 8 6 .7 0 .41 $29,615.84 3 .3 7 1.95 $ 8 8 .0 0 .01 Am ount paid for $1 0 ,0 0 7 .7 8 $ 1 3,433 .36 $ 2 ,5 0 0 .0 0 C ost per $1,000 of assets 1 .1 4 1 .5 3 .2 8 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $422,228.39. Rates on Investments and Loans (Average on All, 5.16%). Real estate loans (average rate, 5.31 per cen t.): 5%, $1,920,675; 5M % i $3,126,900; 6%, $13,100. Personal loans (average rate, 6 per cen t.): 6%, $692,400. Bonds, stocks, etc. (average rate on amounts invested, 4.66 per cent.); 3M % . $225,000; 4% , $1,001,000; 4 J i% , $317,750; 4M % . $783,000; 5%, $320,000; 8%, $84,400; 10%, $68,700. Number of loans not over $3,000 each, 615, amounting to $1,039,625. 11 real estate loans made during year, amounting to $112,025. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 M % ...........................................$170,776 16 O ct., 1 91 8 ,2 M % ........................................... Number of deposits during year, 14,870, amounting to . . Number of withdrawals during year, 13,338, amounting to . N et increase in amount due depositors . . . . . . . . . . . $1,316,484 38 1,244,159 00 . . . 171,483 35 974,224 87 . $72,325 38 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $250,000 U. S. Certs, of Indebt. 4Ms 80.000 United States 3Ms 317,750 United States 4Ms 190.000 Boston 4s 15.000 Brockton 4s 25.000 Fall River 4s 48.000 Haverhill 4s 100.000 Los Angeles, Cal., 4Ms 25.000 Omaha, Neb., 4Ms 50.000 Portland, Ore., 4Ms 50.000 San Francisco, Cal., 5s 45.000 Seattle, Wash., 4M» 20.000 Amherst 4s 51.000 Saugus 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $67,000 Atch., Top. & Santa F6 4s 135.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4Ms 25.000 Boston & Maine 3Ms 133.000 Boston & Maine 4Ms 70.000 Chic., Mil. & St. Paul 4Ms 50.000 Fitchburg 5s 32.000 Illinois Central 4s 50.000 Louisville & Nashville 5s 60.000 Maine Central 4Ms 158.000 N. Y. C. & H. R. 4s 120.000 N. Y., N. H. & H. 3Ms 50.000 N. Y., N. H. & H. 4s Street Railway Bonds. Par Value. $25,000 Boston Elevated 4Ms 170,000 Boston Elevated 5s 50,000 Old Colony 4s Bank Stocks. Shs. 187 Fourth-Atlantic Nl. Bk., Boston 500 Nl. Shawmut Bk., Boston 16 Webster & Atlas Nl. Bk., Boston 115 First Nl. Bk., Haverhill 375 Haverhill Nl. Bk. 300 Merrimack Nl. Bk., Haverhill 38 Bay State Nl. Bk., Lawrence 150 R E PO R T OF THE [Pub. Doc. HAYDENVILLE SAVINGS BANK, HAYDENVILLE. SOUTH M AIN STREET. Incorporated'March 17, 1869. (Office vacant), President. Number of corporators, 38; number of trustees, 21. W il b u r M . P u r r in g t o n , Treasurer. A l f r e d G . C o n e , Clerk o f the Corporation. Board o f Trustees: T . I. B r e c k e n r id g e , F . H . B r y a n t , R . F. B u r k e , C . F . B u r r , L . W . C l a p p , C . E . C l a r k , F. D . C l a r k , A . G. C o n e , C . S. D a m o n , S. A . E w i n g , H . W . G r a v e s , J. W . H il l , H . P. H o w e s , T . P. L a r k in , J. W . M a s o n , E . F. M il l e r , L a w r e n c e M o l l o y , H . A . S m it h , S. W . T il t o n , C . B . T o w e r , C . H . W a i t . Board o f Investment: T . P . L a r k in , T . I. B r e c k e n r id g e , C . E . C l a r k , C. S. D a m o n . Auditing Committee: J. W . H i l l , L. W . C l a p p , H . A . S m it h . Deposits draw interest from second Tuesday of January, April, July and October; dividends are pay able the second Tuesday of January and July. Business hours: 9 a .m . to 4 p .m .; Saturdays, 9 a .m . to 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . ' . American Tel, & Tel. C o. bonds . . . . . . Stocks of banks and trust companies . . . . . . . . 396 loans on real estate {average of each, $1,316.11) . . . . . . 200 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $6,000; assessed value, $4,000) Taxes, insurance, etc., paid on mortgaged properties . . . . . W ar savings stamps and thrift stamps . . . . . . . . Liberty Loan Bond account . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . Total Assets . . . . $81,010 122,030 15,000 13,356 11,500 521,180 50,339 4,000 342 49 3,253 9,799 4,150 40 00 00 25 00 07 72 00 84 84 96 34 07 $836,012 49 Liabilities. Due depositors on 1,956 accounts, averaging $398.60 each $779,663 11 (Accounts opened during year, 176; closed, 2 1 4 ; decrease, S3) Surplus: — a. Guaranty fund (5.04% of deposits; increase during year, $1,300) b. Profit and loss (increase during year, $3,690-48) Current income: — a. Interest . . . . . . . $2,694 65 b. R e n t ...................................................................... 166 20 Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 39,300 00 15,621 15 $2,860 85 1,432 62 ----------------- 1,428 23 Total L ia b ilitie s .......................................... $836,012 49 151 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. A m o u n t paid for C o s t p e r $1,000 of assets $8 3 2 .9 9 $ 2 ,0 0 0 .0 0 $ 2 4 0 .0 0 $ 3 4 0 .9 5 $1,340.51 1 .0 0 2 .3 9 .28 .4 0 1 .6 0 Cost per $1,000 of assets not including State tax and r e n t .......................................................... Total. $ 4 ,754.45 5 .6 7 4.39 Gross income received during the year, $38,742.19. Rates on Investments and Loans (Average on All, 5.17%). Real estate loans (average rate, 5.51 per cent ) : 5J^%, $501,887.82; 6% , $19,292.25. Personal loans (average rate, 5.65 per cent.): 5% , $17,608.02; 6% , $32 J 3 1 .70. Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 2% , $1,800; 3 /6 % , $42,000; 4%, $112,085.40; 4 M % . $10,000; ±V2%, $30,000; 5% , $44,000; 5 H % , $1,500; 6% , $4,600; 7% , $1,000; 12% , $900. Number of loans not over $3,000 each, 551, amounting to $357,269.79. 16 real estate loans made during year, amounting to $8,995. Dividends, Deposits and Withdrawals. $15,354 93 15,288 38 85,438 30 Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Number of deposits during year, 1,382, amounting to $116,081 61 121,392 04 Number of withdrawals during year, 1,428, amounting to $5,310 43 N et decrease in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,585 United States 4s 10.000 United States 4J^s 10.000 Boston 3J^s 10.000 Boston 4s 1.000 Chicago 4s 8.000 Williamsburg 4s Public Funds, Notes. $600 Chesterfield 5s 900 Goshen 5s 3.500 Williamsburg 4s 25.000 Williamsburg 5s 1.500 Williamsburg 5J/2S https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $10,000 Atch., Top. & Santa F6 4s 10.000 Boston & Albany 4s 20.000 Boston & Maine 4s 10.000 Boston & Maine 4)^s 10.000 Chicago, Burl. & Quincy 4s 10.000 Chi., Mil. & St. Paul 4Ks 10.000 Chi., Rock Island & Pac. 4s 10.000 Connecticut River 3}^s 10.000 Illinois Central 3)^s 12.000 N. Y „ N. H. & H. 3h£s 4,000 N. Y., N. H. & H. 4s 10.000 Northern Maine Seaport 5s Street Railway Bonds. Par Value. $5,000 Boston Elevated 4V£s 5.000 Boston Elevated 5s 5.000 Worcester Consolidated 4J^s Bank Stocks. Shs. 18 Conway Nl. Bk. 21 First Nl. Bk., Easthampton 25 City Nl. Bk., Holyoke 10 First Nl. Bk., Northampton 25 Hamp. Co. Nl. Bk., Northampton 9 Northampton Nl. Bk. 152 [Pub. Doc, REPO RT OF THE HIBERNIA SAVINGS BANK, BOSTON. 201 W ASHINGTON STREET. Incorporated M a y 21, 1912. Number of corporators, 57; number of trustees, 28. P a t r ic k O ’H e a r n , President. J a m e s N . C l a r k , Clerk o f the Corporation. J o sep h J. F o r r e s t e r , Treasurer. A l b e r t P. H i l l , Assistant Treasurer. Board o f Trustees: R . H . B a k e r , J. E . B o w e n , J. F. C a r e n s , J. N . C l a r k , J. F . C r o n in , F. J. C r o s b t , J. E . C r o w l e y , J. M . C u r l e y , T . J. D e sm o n d , J. M . G r a h a m , B . J. H e a n e y , B . J. J o y c e , J. F. Low , D . H . M a g u ir e , F. X . M a h o n e y , E r n e s t M a n a h a n , J. A . M a y n a r d , J. F. M c D o n a l d , J. R . M c V e y , W . P. M e e h a n , S. J. M o r a n , C . H . N o r t o n , D . T . O ’ C o n n e l l , J. F . O ’ C o n n e l l , P a t r ic k O ’H e a r n , P. P. P o r t e r , J. W . R e a r d o n , C . F. R iordan 1’ Board o f Investment: P a t r ic k O ’H e a r n , J. F. C r o n in , J. R . M c V e y , E r n e s t M a n a h a n , J. W . G r a h a m , J. F. Low , P . P . P o r t e r , F . X . M a h o n e y , J. E . C r o w l e y , F . J. C r o s b y , J. F . O ’ C on T . J. D e sm o n d , W . P . M e e h a n , C . F. R i o r d a n . nell, Auditing Committee: J. N . C l a r k , R . H . B a k e r , D . T . O ’ C o n n e l l . Deposits draw interest from the fifteenth day of January, April, July and October; dividends are payable January 15 and July 15. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 1 p .m ., and for deposits only, 3 to 5 and 6 to 8 p .m ., from October first to June thirtieth. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 186 loans on real estate (average o f each, $3,606.51) . 17 loans on personal security . . . . Premium account . . . . . . W ar savings stamps and thrift stamps . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $115,113 50 99,705 00 47,747 35 18,695 00 2,331 12 670,625 00 58,728 50 1,200 00 100 02 32,241 55 2,352 08 Total A s s e t s ...........................................$1,048,839 12 Liabilities. $1,024,709 20 D ue depositors on 2,421 accounts, averaging $423.26 each ( Accounts opened during year, 302; closed, 282; increase, 20) Surplus: — a. Guaranty fund (1.07 % o f deposits; increase during year, $2,688.23 ) . b. Profit and loss (.increase during year, $303.10) . . . . . . Current income: — Interest . . . . . . . . . . $2,622 54 Less current expenses not charged off . . . . 2,302 21 Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 10,934 73 7,745 43 320 33 2,003 43 3,126 00 . $1,048,839 12 N o. 8.] BANK COMMISSIONER, 153 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 1 ,427.45 $ 2,457.46 $ 4 ,395.20 C ost per $1,000 of assets 1 .3 6 2 .3 4 4 .1 9 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $261.61 .2 5 $2,710.26 2 .5 8 $11,251 .98 1 0 .7 2 5 .1 7 . . Gross income received during the year, $52,461.44. Rates on Investments and Loans (Average on All, 5.33%). Real estate loans (average rate, 5.58 per cent.): 5% , $230,350; 5 H % , $93,750; 6% , $346,525. Personal loans (average rate, 6 per cent.): 6% , $58,728.50. Bonds, stocks, etc. (average rate on amounts invested, 4.61 per cent.): 3J^%, $2,450; 4% , $108 5004 M % . $11,700; 4 y2% , $91,000; 5% , $54,000; 5.10% , $25,000; 8% , $1,700. Number of loans not over $3,000 each, 79, amounting to $144,050. 1 real estate loan made during year, amounting to $2,200. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Number of deposits during year, 2,642, amounting to __ _ r . , , , , . Number of withdrawals during year, 2,362, amounting to $19,229 23 19,558 96 215,550 11 . . . . N et increase in amount due depositors . $254,338 30 253,253 74 $1,084 56 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $2,450 United States 3Hs 11,700 United States 4Ms 20.000 U. S. Certs, of Ind. 4Jris 15.000 Boston 4s 5.000 San Francisco, Cal., 4J^s 7.000 San Francisco, Cal., 5s 12.000 Seattle, Wash., 5s 5.000 Milton 4s Public Funds, Notes. $25,000 Holyoke 5.10% 2.000 Needham 4s 10.000 Swampscott 4J^s 500 Walpole 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $11,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4J^s 5.000 Baltimore & Ohio 5s 10.000 Chi., Mil. & St. Paul 4s 20.000 Chi., Mil. & St. P a u lie s 10.000 Chi., Mil. & St. Paul 5s 15.000 Illinois Central 4s 5.000 Lake Shore & Mich. So. 4s 10.000 N. Y. C. & H . R. 4s 10.000 Northern Pacific 4)ris Street Railway Bonds. Par Value. $6,000 Boston Elevated 4J^s 20.000 Boston Elevated 5s 2,000 Boston & Northern 4s 12.000 West End 4s 10.000 West End 4J^s Bank Stocks. Shs. 17 Federal Trust Co., Boston 1 [Pub. Doc. REPO RT OF TH E 154 HINGHAM INSTITUTION FOR SAVINGS, HINGHAM. M AIN STREET. Incorporated April 2, 1834. Number of corporators, 56; number of trustees, 14. M orris F. Whiton, President. H oward P . H erset, Treasurer. E lmer L. C urtiss, Clerk of the Corporation. C . B . B arnes , E . L. C urtis, H . W . C ushing, W . B . F earing, J. S. F owler, F . M . H ersey, H . P. H ersey, E . B. Loring, G . S. M arsh , B . A . R obinson, E . F. Skinner , E . E . W hitney, M . F. W hiton, B . C . W ilder. Board of Trustees: M . F . W hiton, H. W. C ushing, F. M . H ersey , W. B. F earing . Board of Investment: Auditing Committee: M . F. W hiton, B. A . R obinson, E . F. Skinner . Deposits draw interest from first Tuesday of January, April, July and October; dividends are pay able the Wednesday following the first Tuesday of January and July. Business hours: 8.30 a .m. to 12 m .; 1 to 3.30 p .m .; Saturdays, 8.30 a .m. to 12 M. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 374 loans on real estate {average o f each, $3,755.17) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,404,933 74 . . . 500 00 ------------------------31 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $5,000; assessed value, $5,000) . . Real estate by foreclosure, etc. (assessed value, $36,000) . . . . . . Suspense account . . . . . . . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . T otal Assets . . . $222,937 00 696,727 50 137,454 00 50,000 00 57,360 00 10,000 00 . . . . . . 1,404,433 74 483,151 13 5,000 00 34,361 95 81 00 366 60 44,673 34 1,319 19 $3,147,865 45 Liabilities. . $2,835,404 61 Due depositors on 5,361 accounts, averaging $528.89 each . {Accounts opened during year, 372; closed, 4-32; decrease, 60) Surplus: — a. Guaranty fund (5.12% of deposits; increase during year, none) b. Profit and loss (increase during year, $24,538.98) . Current income: — Interest . . Less current expenses not charged off . . . . Unearned discount . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 145,334 00 115,550 83 $46,321 45 3,100 45 ------------------- 43,221 00 4,723 33 3,631 68 . $3,147,865 45 155 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. $ 5 7 .2 5 .02 $1 ,8 0 0 .5 2 .5 7 Am ount paid for $ 5 ,858.86 $ 8,610.02 $ 5 00 .00 Cost per $1,000 of assets 1 .8 6 2 .7 3 .16 Cost per $1,000 of assetsnot includingState tax and rent . Total. $ 1 6,826 .65 5 .3 4 3 .3 2 Gross income received during the year, $156,713.08. Rates on Investments and Loans (Average on All, 5.21%). ' Real estate loans (average rate, 5.83 per cent.): 5% , $203,100; 5 )4 % , $9,000; 5 )4 % . $47,100; 6% , $1,142,258.74; 6 )4 % , $2,600; 7% , $375. Personal loans (average rate, 6.01 per cent.): 6%, $473,151.13; 6)4%, $10,000. Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cent.): 3 )4 % , $262,000; 4% , $493,000; 4 )4 % , $165,400; 4 )4 % , $195,000; 5% , $65,000; 6% , $10,000. Number of loans not over $3,000 each, 242, amounting to $385,373.74. 6 real estate loans made during year, amounting to $11,850. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 % Number of deposits during year, 3,160, amounting to . Number of withdrawals during year, 3,502, amounting to N et decrease in amount due depositors . . . . . . . ............................................... . . . . . . . . . . . . $330,652 56 376,292 86 . . $56,252 94 55,660 11 218,739 51 . $45,640 30 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $3,000 United States 3)4s 165,400 United States 4)4s 10.000 Boston 3)4s 6.000 Boston 4s 10.000 Brockton 4s 19.000 Chelsea 3)4s 5.000 Medford 4s 5.000 New Bedford 4s Railroad Bonds. $25,000 Atch., Top. & Santa F6 4s 25.000 Baltimore & Ohio 4)4s 10.000 Baltimore & Ohio 5s 20.000 Bangor & Aroostook 5s 20.000 Boston & Albany 3)4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $15,000 Boston & Maine 3)4s 10.000 Boston & Maine 4s 10.000 Boston & Maine 4)4s 75.000 Chic., Mil. & St. Paul 4)4s 20.000 Chic., Mil. & St. Paul 5s 20.000 Chic., R. I. & Pacific 4s 25.000 Fitcoburg 4s 15.000 Fitchburg 5s 25.000 Illinois Central 3)4s 50.000 Illinois Central 4s 5,000 Mich. Central 3)4s 70.000 N. Y. C. & H. R. 4s 80.000 N .Y .,N .H .& H . 3)4s 15.000 N. Y ..N .H .& H . 4s 10.000 Northern Pacific 4)4s 35.000 Old Colony 3J4s Par Value. $25,000 Pennsylvania 4)4s 25.000 Pitts., Lake Erie & W. V. 4s 50.000 Portland Terminal Co. 4s 25.000 Southern Pacific 4s Street Railway Bonds. $50,000 Boston Elevated 4s 35.000 Boston Elevated 4)4s 14.000 Boston & Northern 4s 25.000 Springfield 4s 15.000 Worcester Consolidated 4)4s Bank Stocks. Shs. 100 Hingham Trust Co. 156 R E PO R T OF TH E [Pub. Doc, HOLLISTON SAVINGS BANK, HOLLISTON. W ASHINGTON STREET. Incorporated February 27, 1872. Number of corporators, 25; number of trustees, 15. C haejl.es D . F isheh, President. A lbert E . Phipps, Treasurer. A lbion M . C utler, Clerk of the Corporation. Board of Trustees: H . L. A dams, C. H . M. B artlett, C. A. C rowley, A. M. C utler, J. H . D ewing, J. P. D exter , C. P. D ozois, C. D. F isher, W. P. K ingsbury , J. F. L eland, P. F. L eland, A loise M aeder, L. J. M adder, J. H . M ahoney, A. E . P hipps. Board o f Investment: C . D . Fisher, H . L . A dams, C . A . C rowley, J. F . Leland, A loise M aeder. Auditing Committee: C . H . M . Bartlett, C . P. D ozois, L . J. M aeder. Deposits draw interest from first day of March, June, September and December; dividends are pay able the first M onday of June and December. Business hours: 9 a .m . to 12 m .; 1.30 to 3.30 p .m .; Saturdays, 9 a .m . to 12 m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . ' . . . . American Tel. & Tel. C o. bonds . . . . Stocks of banks and trust companies . . . Securities acquired in settlement of indebtedness . 184 loans on real estate (average o f each, $1,861.88) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bank building and fixtures (estimated value, S5,700; assessed value, Taxes, insurance, etc., paid on mortgaged properties . . Deposits in national banks or trust companies . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . $250,748 07 161 67 ------------------------$7,100 ) . . . . . . . . . . . . . . . . SI 15,504 103,959 16,000 3,000 8,885 4,575 1 80 85 00 00 00 00 00 250,586 5,700 30 9,093 2,009 40 00 20 19 02 Total A s s e t s ...........................................$519 344 46 Liabilities. Due depositors on 1,446 accounts, averaging $324.77 each $469,626 30 {Accounts opened during year, 148; closed, 148; decrease, 6) Surplus: — a. Guaranty fund (6.03% o f deposits; increase during year, none) b. Profit and loss (increase during year, $1,613.65) Current income: — Interest . . Less current expenses not charged oS Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 23,605 00 17,314 53 $9,477 59 1,048 96 8,428 63 370 00 T otal L ia b i lit i e s ...........................................$519,344 46 157 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $5 8 2 .9 4 $ 1,765.67 $3 0 0 .0 0 Cost per $1,000 of assets 1 .1 2 3 .3 9 .5 8 Cost per $1,000 of assets not including State tax and rent . Advertising. $ 4 99 .03 .9 6 - Total. Other Expenses. $3,147.64 6 .0 5 4 .3 5 Gross income received during the year, $24,143.68. Rates on Investments and Loans (Average on All, 4.95%). Real estate loans (average rate, 5.52 per cent.): 5% , $70,780; 5 M % . $97,594.04; 6% , $82,212.36. Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): 3 M % , $22,000; 4% , $124,501; 4 M % , $35,000; 4 M % . $26,000; 5% , $38,000; 6% , $6,400; 7% , $5,000. Number of loans not over $3,000 each, 159, amounting to $162,228.07. 1 real estate loan made during year, amounting to $500. Dividends, Deposits and Withdrawals. $8,924 8,989 1,116 60,679 Ordinary dividends declared during year: D ec., 1917, 2% June, 1918, 2 % Extra dividend declared during year, D ec., 1917, M % Number of deposits dining year, 1,216, amounting to $79,709 99 75,719 07 Number of withdrawals during year, 1,308, amounting to $3,990 92 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $35,000 United States 4Ms 1.000 Massachusetts 4s 6.000 Boston 4s 2.000 Brockton 4s 1.000 Cambridge 4Ms 2.000 Chelsea 4s 5.000 Fall River 3Ms 2.000 Fall River 4s 5.000 Holyoke 4s 1.000 Holyoke 4Ms 3.000 New Bedford 4s 1.000 Omaha, Neh., 4Ms 3.000 Quincy 4s 5.000 Rockville, Ct., 4s 5.000 San Francisco, Cal., 5s 1.000 Seattle, Wash., 4Ms 6.000 Waltham 4s 3.000 Ashland 4s 2,500 Concord 4s 500 Mansfield 4s 1.000 Millbury 4Ms https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $2,000 Needham 4s 4.000 Reading 4Ms 2,500 Revere 4s 1.000 Westfield 4s Public Funds, Notes. $3,000 Holbrook 4s 1.000 Holliston 4s 5.000 Holliston 5s 4.000 Ipswich 4s 3.000 Revere 4s Railroad Bonds. $5,000 9.000 2.000 6.000 5.000 8.000 Baltimore & Ohio 5s Boston & Albany 4s Boston & Albany 5s Boston & Maine 4s Boston & Maine 4M8 C., B. & Q. 4s 19 37 85 58 Par Value. $10,000 Chi., Mil. & St. Paul 5s 7.000 Illinois Central 3Ms 2.000 Louisville & Nashville 6s 10.000 N. Y. C. & H. R. 4s 5.000 N. Y „ N. H. & H. 3Ms 10.000 N. Y „ N. H. & H. 4s 11.000 No. Maine Seaport 5s 2.000 Old Colony 4s 10.000 Pennsylvania 4Ms 3.000 Pitts., Va. & Charleston 4s 2.000 Washington Co. 3Ms Street Railway Bonds. $4,000 2.000 5.000 5.000 Boston Elevated 4s Bokton Elevated 4Ms West End 4s West End 7s Bank Stocks. Shs. 15 Franklin Nl. Bk. 29 Framingham Nl. Bk. 158 R E PO R T OF THE [Pub. Doc. HOLYOKE SAVINGS BANK, HOLYOKE. 195-201 H IGH STREET. Incorporated February 21, 1855. Number of corporators, 62; number of trustees, 17. R obert R ussell, President. C harles "W. Johnson, Treasurer. A lbert G . M agna, Clerk o f the Corporation. F. H. D ibble , G . C . G ill , H. O. H astings, C. D . H eywood, D . H. I ves , C . C. Jenks, W. D. Judd, A. G. M agna, N . C. M ansir, F. H. M etcalf, P hilander M oore, M. W. P rentiss, W. A. P rentiss, H. L. R ussell, R obert R ussell, C . B. Sampson, J. L. W yckoff. Board o f Trustees: R obert R ussell, C. C . Jenes, F. H . D ibble, D . H . I ves. Board o f Investment: * Auditing Committee: W . A . Prentiss, H . L. R ussell. Deposits draw interest from first day of January, April, July and October; dividends are payable the third M onday of January and July. Business hours: 9 a .m . to 4 p .m .; Saturdays, 9 a .m . to 12 m .; also Thursdays, 7 to 8 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . Street railway bonds ...................................................................... ■! .' Boston terminal Co. bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 716 loans on real estate (average o f each, $5,955.10 ) . . . . . 94 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $50,000; assessed value, $49,84:2) Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . [ . ! . . . . ’ . '. " '. . ' $821,567 65 2 166 400 65 411,516 25 32 518 75 104,355 00 171 072 00 ’ 1 00 4,263,857 00 '687|311 00 25,000 00 164,107 41 9 422 81 Total A s s e t s .......................................... $8,857,129 52 Liabilities. Due depositors on 13,867 accounts, averaging $574.62 e a c h ...............................................$7,968,271 16 (Accounts opened during year, 1,073; closed, 1,570; decrease, ¿97) Surplus: — а. Guaranty fund (5.03% of deposits; increase during year, $1,000) . . . б. Profit and loss (increase during year, $55,741.97) . . . Current income: — a. I n t e r e s t ......................................................................$174,910 96 &• R e n t ...................................................................... 193 65 T ------------------------$175,104 61 Less current expenses not charged off . . . . 7,172 98 tt , ,. , -------------!----------Unearned discount . . . . . . . . . . . . 401,500 00 309 757 15 167,931 63 9 669 58 T otal L ia b ilit ie s .......................................... $8,857,129 52 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $14,638.39 $14,612 .56 $ 3 ,000.00 $ 3 58 .66 Cost per $1,000 of assets 1 .6 5 1 .6 4 .33 .04 Cost per $1,000 of assets not including State tax and rent . . . Gross income received during the year, $426,185.02. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis * One vacancy. Other Expenses. Total. $3 ,5 2 3 .6 2 $36,133.23 .39 4 .0 5 . . . 2 .0 7 No. 8.] BANK COMMISSIONER. 159 Rates on Investments and Loans (Average on All, 6.05%). Real estate loans (average rate, 5.44 per cent.): 5% , $447,900; 5Vli%, $3,800,832; 6% , $15,125. Personal loans (average rate, 5.73 per cent.): 4J^%, $1,640; 4 M % , $30,000; 5% , $30,535; 5J£%, $19,000; SH % , $2,360; 5 % % , $226,511; 6% , $354,165; 6 V2% , $15,000. Bonds, stocks, etc. (average rate on amounts invested, 4.47 per cent.): 2% , $1,900; 3% , $12,000; 3Jd>%, $726,000; 3% % , $13,000; 4% , $1,731,500; 4 M % . $329,900; 4J^%, $438,000; 4 % % , $20,000; 5% , $318,525; 5.20% , $65,000; 5 V2%, $500; 6% , $28,300; 7% , $22,900; 8% , $40,000; 10%, $44,400; 12% , $44,000; 14%, $2,000. Number of loans not over $3,000 each, 447, amounting to $711,207. 3 real estate loans made during year, amounting to $5,900. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 % Number of deposits during year, 15,111, amounting to . . . . . ............................................... . . . . . Number of withdrawals during year, 13,200, amounting to . N et decrease in amount due depositors . . . . . . $1,348,959 27 1,349,844 03 . . . $154,425 59 155,486 90 1,039,046 78 . . $884 76 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $329,900 United States 4M b 150,000 U. S. Certs, of Indebt. 4J^s 10.000 Bristol County 4s 35.000 Boston 3y2a 33.000 Boston 4s 10.000 Fall River 4s 15.000 Haverhill 4s 10.000 San Francisco, Cal., 4J^s 10.000 San Francisco, Cal., 5s 22.000 South Norwalk, Ct., 4s 5.000 Longmeadow 4s 1.000 Nantucket 4s 1.000 Russell 4s 3.000 Stow 3%s 4.500 Walpole 4s 5.000 Westerly, R. I., 3Ms 2.500 Whately 4s 10.000 Blandford (F. D.) 4s 14.000 Great Barrington (F. D.) 4s 20.000 Kennebec, Me. (W .D .), 3J3s Public Funds, Notes. $15,000 Brockton 5.20% 10.000 Easthampton 3%s 30.000 Holyoke 4)^s 50.000 Holyoke 5.20% 5,500 Hull 4s 3,000 Saugus 3J^s 10.000 Somerville 4%s 10.000 Taunton 4%s Railroad Bonds. $30,000 Atch., Top. & Santa F6 4s 20.000 Baltimore & Ohio 3J^s 70.000 Baltimore & Ohio 4s 35.000 Baltimore & Ohio 4J^s 13.000 Baltimore & Ohio 5s 25.000 Bangor & Aroostook 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $50,000 Boston & Albany 3J^s 45.000 Boston & Albany 4s 19.000 Boston & Albany 5s ■ 20,000 Boston & Lowell 4s 50.000 Boston & Maine 3}4 b 102.000 Boston & Maine 4s 25.000 Boston & Maine 4}4s 10.000 B. & N. Y. Air Line 4s 30.000 Boyer Valiev 3}-?>s 45.000 C., B. & Q. Sy2s 50.000 C., B. & Q. 4s 50.000 Chic., Mil. & St. Paul 4s 60.000 Chic., Mil. & St. Paul i ^ s 15.000 Chic., Mil. & St. Paul 5s 23.000 Chicago & Northwest. 3}4s 26.000 Chicago & Northwest. 4s 100.000 Chic., R. I. & Pacific 4s 50.000 Concord & Montreal 4s 10.000 Connecticut River 3J^s 50.000 Connecticut River 4s 10.000 Conn. River 6s, notes 30.000 Fitchburg 3}4s 153.000 Fitchburg 4s 20.000 Fitchburg 4}^s 25.000 Fitchburg 5s 12.000 Illinois Central 3s 187.000 Illinois Central 3y2s 100.000 Illinois Central 4s 81.000 Lake Shore & Mich. So. 4s 10.000 Lime Rock 4s 20.000 Louisville & Nashville 4s 10.000 Me. Cent. & E. & N. A. 4s 25.000 Michigan Central 3J4s 15.000 Minnesota & Iowa 3 ÿ s 25.000 Minn., St. P. & Sit. St. M. 4s 25.000 N. Y. C. & H. R. 3y2s 75.000 N. Y. C. & H. R. 4s 80.000 N. Y., N. H. & H. 3^8 140.000 N. Y., N. H. & H. 4s 50.000 No. Maine Seaport 5s 16.000 Old Colony 4s 28.000 Pennsylvania 4)/2S 22.000 Pitts., Va. & Charlest’n 4s 15.000 Portland & R. Falls 4s 20.000 Sullivan Co. 4s 38.000 Washington Co. 3}4s 15.000 West Virginia & Pitts. 4s Street Railway Bonds. $53,000 Boston Elevated 4s 45.000 Boston Elevated 4)^s 51.000 Boston Elevated 5s 5.000 Boston, Milton & Brock. 5s 85.000 Boston & Northern 4s 34.000 Citizens’ Electric 5s 4.000 East Middlesex 4s 10.000 Georg., Row. & Ips. 5s 11.000 Holyoke 5s 7.000 Milford & Uxbridge 7s 5.000 Mil., Holliston & Fram. 7s 15.000 Uxbridge & Blackstone 5s 36.000 West End 4s 25.000 West End 5s 10.000 Wor. & Black. Valley 4J^s 25.000 Wore. Consolidated 4J^s Bank Stocks. Shs. 20 Greylock Nl. Bk., Adams 14 First Nl. Bk., Adams 50 First Nl. Bk., Amherst 20 Millers River Nl. Bk., Athol 25 Nat. Shawmut Bk., Boston 19 Conway Nl. Bk. 21 First Nl. Bk., Easthampton 15 Fitchburg Bank & Tr. Co. ' 5 First Nl. Bk., Greenfield 48 Franklin Co. Tr. Co., Greenfield 38 City Nl. Bk., Holyoke 307 Hadley Falls Tr. Co., Holyoke 390 Holyoke Nl. Bk., Holyoke. 5 Union Nl. Bk., Lowell 8 Monson Nl. Bk. 5 First Nl. Bk., Newburyport 90 First Nl. Bk., Northampton 37 Hamp. Co. Nl. Bk., Northampton 50 Northampton Nl. Bk. 38 Palmer Nl. Bk. 6 Pittsfield Nl. Bank 117 Chicopee Nl. Bk., Springfield 215 Third Nl. Bk., Springfield 62 Springfield Nl. Bank 97 Townsend NL Bank 13 Ware Trust Co. 4 First Nl. Bk., Westfield 160 REPO RT OF TH E [Pub. Doc, HOME SAVINGS BANK, BOSTON. 75 TREMONT STREET. Incorporated March 17, 1869. Number of corporators, 53; number of trustees, 30. C a r l M . S p e n c e r , Assistant Treasurer. Board of Trustees: S. L . B a r t l e t t , G . D . B i g e l o w , E dm un d B il l in g s , C a r l B r a n d t , G . E . B r o c k , A . H . C o l b y , A . H . C u r t is , C . F . C u t l e r , R . H . W . D w ig h t , D . A . E l l is , G . H . E l l is , J. E , F e e , G . A . F e r n a l d , I. G . H e r s e y , C . C . H o y t , G e o r g e H u t c h in s o n , H . C . J a c k s o n , T h e o d o r e J o n e s , W . T . K e o u g h , C . W . L e o n a r d , F r a n k L e v e r o n i , F . A . M o r s e , C . S. N o r r is , J. N . P a r k e r , W . L . P ie r c e , E . G . P r e s t o n , S. W . R e y n o l d s , J. H . R u s s e l l , G . S. S m it h , F . A . T urner. Board o f Investment: G . E . B r o c k , H . C . J a c k s o n , J. H . R u s s e l l , I. G ( . H e r s e y , C . F. C u t l e r ,. C. C. H oyt. Auditing Committee: S. W . R e y n o l d s , R . H . W . D w ig h t , G . H . E l l is . Deposits draw interest from tenth day of January, April, July and October; dividends are payablethe third Wednesday of April and October. Business hours: 9 a .m . to 2 p .m .; also Saturdays, except during July and August, for deposits only, 4 to 7 p . m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . Boston Terminal Co. bonds . . . . . Stocks of banks and trust companies . . . 1,072 loans on real estate (average of each, SI 3,700.7%) Less amount due on uncompleted loans . . . . . . . . . . . 159 loans on personal security . . . . . Real estate by foreclosure, etc. (assessed value, $263,700) Taxes, insurance, etc., paid on mortgaged properties . Liberty Loan Bonds, balance due from subscribers . . W ar savings stamps and thrift stamps . . . . Deposits in national banks or trust companies . . Cash and cash items . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . . . . . . . . . $14,687,675 00 . . 500 00 ------------------------. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,322,862 00 3,939,337 65 488,000 00 30,000 00 135,400 00 14,687,175 00 5,855,269 18 190,784 49 25,187 67 52,663 58 998 48 696,933 62 19,377 38 . . . . . $29,443,989 05 . . . . . $27,076,923 83 Liabilities. D ue depositors on 60,166 accounts, averaging $450.04 each (Accounts opened during year, 7,101; closed, 6,450; increase, 651) Surplus: — o. Guaranty fund (5.02% o f deposits; increase during year, none) b. Profit and loss (increase during year, $114,644-71) . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Unearned discount . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . . $115,721 50 9,877 51 ------------------------. . . . . . . 1,360,000 00 441,850 38 105,843 99 113,755 85 345,615 00 . $29,443,989 05 161 BANK COMMISSIONER. No. 8.] * T otal Expenses for the Year, including State Taxes. Advertising. State Tax (Net). Salaries. Rent. Am ount paid for $49,2 8 7 .4 7 $53,511 .58 $16,0 0 0 .0 0 $ 4 ,086.86 Cost per $1,000 of assets 1 .6 7 1 .8 2 . 54 .14 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $ 2 4,645 .17 $147 ,53 1.08 .84 5 .0 1 2 .8 0 Gross income received during the year, $1,440,494.14. Rates on Investments and Loans (Average on All, 5.20%). Real estate loans (average rate, 5.06 per cent.): 4% , $593,500; 4:14%, $678,700; 434%, $50,000; 434% , $1,777,700; 4 % % , $415,000; 5% , $5,815,450; 534% , $89,700; 534% , $4,426,000; 6% , $841,125. Personal loans (average rate, 6.03 per cent.); 534% , $219.18; 6% , $5,415,050; 6M%> $90,000; 634% , $350,000. Bonds, stocks, etc. (average rate on amounts invested, 4.84 per cent.): 334% , $34,050; 4% , $2,010,180; 434% , $904,050; 434% , $2,577,176.92; 434% , $25,000; 5% , $1,289,000; 6% , $980,000; 8% , $7,500; 10% , $15,900; 12% , $22,000; 20% , $90,000. Number of loans not over $3,000 each, 229, amounting to $452,244.18. 24 real estate loans made during year, amounting to $162,600. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 234% Oct., 1918, 234% Number of deposits during year, 64,212, amounting to $577,679 98 581,294 74 4,289,698 16 • $5,448,672 88 5,216,141 11 Number of withdrawals during year, 54,475, amounting to $232,531 77 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Public Funds, Notes. Par Value; Par Value. $1,450,000 U. S. Certs, of Indebt. 4)4s $6,000 Reading 434s 4,050 United States 334s 11,700 United States 4s R a ilr o a d B o n d s. 863,050 United States 434s $25,000 Baltimore & Ohio 4s 10.000 Essex Co. 4s 25.000 Baltimore & Ohio 4j4s 25.000 Akron, O., 5s 210.000 Boston & Albany 4s 160,000 Boston 4s 125.000 Boston & Albany 5s 30.000 Boston 434s 5.000 Boston & Lowell 4s 25.000 Bristol, Conn., 4}4s 100.000 Boston & Maine 4s 6.000 Brockton 4s 46.000 Boston & Maine 434s 26.000 Chicago, 111., 434s 20.000 Carth., Wat. & Sack. H. 5s 25.000 Cleveland, O., 4)4s 3.000 Central Ohio 434s 80.000 Fall River 4s 170.000 C., B. & Q. 4s 50.000 Grand Rapids, Mich., 4)4s 15.000 C., B. & Q. 5s 8.000 Holyoke 4s 150.000 Chic., Mil. & St. P. 5s 30.000 Holyoke 434s 47.000 Chic., Mil. & St. P. 6s 20.000 Indianapolis, Ind., 4s 181.000 Chicago & Northwestern 4s 30.000 Kansas City, Mo., 4)4s 71.000 Chic. & Northwestern 5s 20.000 La Crosse, Wis., 4s 124.000 Chic. & Northwestern 6s 19.000 Los Angeles, Cal., 4J^s 232.000 Chic., St. P., Minn. & O. 6s 11,250 Lowell 4)4s 137.000 Concord & Montreal 4s 55.000 Lynn 4s 11.000 Danbury & Norwalk 5s 25.000 Minneapolis, Minn., 4s 50.000 Delaware & Hudson 4s 25.000 Omaha, Neb., 434s 10.000 Dexter & Piscataquis 4s 19.000 Pittsburgh, Pa., 4)4s 4.000 Fargo & Southern 6s 5.000 Portland, Ore., 5s 233.000 Fitchburg 4s 22.000 Quincy 4s 46.000 Fre., Elkh. & Mo. Valley 6s 25.000 Racine, Wis., 5s 75.000 Gouv. & Oswegatchie 5s 25.000 St. Paul, Minn., 434s 140.000 Lake Shore & Mich. So. 4s 25.000 Seattle, Wash., 5s 110.000 Louisville & Nashville 6s 5.000 Springfield 434s 200.000 Maine Central 434s 4.000 Toledo, O., 434s 79.000 Michigan Central 5s ■ 25,000 Toledo, 0., 434s 62.000 Milwaukee & Northern 4}4s 58,926 Troy, N. Y., 434s 11.000 Mil., L. S. & W. 5s 16.000 Waterbury, Ct., 4s 19.000 Mil., L. S. & W. 6s 9.000 Brookfield 4s 50.000 Minn., St.P. & Sit. St. M. 4s 9.000 Franklin 4)4s 50.000 Minn., St. P. & Sit. St. M. 5s 5.000 Leominster 4s 25.000 Minneapolis Union 6s 25.000 Stamford, Ct., 434s 127.000 Mobile & Ohio 6s 17,480 W. Bridgewater 4s 6.000 Montana Central 5s 19.000 West Springfield 4s Par Value. $2,000 Montana Central 6s 130.000 Nash., Florence & Shef. 5s 25.000 N. Y. C. & H. R. 4s 50.000 New York & Northern 5s 1,000 N. Y., Lack. & West. 6s 100.000 Ohio River 5s 115.000 Old Colony 4s 25.000 Penobscot Shore Line 4s 20.000 Philadelphia & Erie 6s 100.000 Pine Creek 6s 50.000 Portland & Ogdens. 434s 15.000 Rome, Watertown & Og. 5s 50.000 San Fran. & San. J. Val. 5s 50.000 St. P., Minn. & Man. 4s 46.000 St. P., Minn. & Man. 434s 26.000 St. P., Minn. & Man. 6s 68.000 St. Paul & No. Pacific 6s 19.000 St. Paul & Sioux City 6s 10.000 Spokane Falls & North. 6s 50.000 Vermont Valley 4J4s 26.000 Wilmar & Sioux Falls 5s Street Railway Bonds. $150,000 Boston Elevated 434s 25.000 Holyoke 5s 103.000 West End 434s 200.000 West End 5s 10.000 Worcester Con. 434s Bank Stocks. Shs. 500 First Nl. Bk., Boston 34 Fourth-Atlantic Nl. Bk., Boston 50 Market Trust Co., Boston 220 Merchants Nl. Bk., Boston 125 Nl. Union Bk., Boston 400 Second Nl. Bk., Boston 25 Webster & Atlas Nl. Bk., Boston * Liberty Loan Bond transactions necessitating additional clerks, either permanent or temporary, have materially increased the expense for salaries and other items. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 162 REPO RT OF THE [Pub. Doc, HQOSAC SAVINGS BANK, NORTH ADAMS. 97 Incorporated April 19, 1871. M AIN STREET. 1 Number of corporators, 34; number of trustees, 15. A . W . C hippendale, President. H . B . Payne , Clerk of the Corporation. W . W . R ichmond, Treasurer. H . H . T ower, Assistant Treasurer. Board of Trustees: O. A. A rcher, P. J. A she, A. H . B arber , E dmund B issaillon, A. W . Chippen dale, H. P. D rysdale, G. A. H astings, J. D. H unter, W. B. P armele, H. B. P ayne , E. B. P enniman, C. Q. R ichmond, W . W . R ichmond, D. A. R ussell, H. Et W etherbee. Board of Investment: Auditing Committee: A. W . Chippendale, E dmund B issaillon, H . E. W etherbee. D. A. R ussell, A. H. B arber, W. B. Parmele. Deposits draw interest from first day of March, June, September and December; dividends are pay able June 1 and December 1. Business hours: 9 a .m. to 4 p .m.; Saturdays, 9 a .m. to 2 p .m., and 7 to 8 p .m. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds'and notes . . . . . . . . . . Street railway bonds . . . . . . . . . American Tel. & Tel. Co. bonds 322 loans on real estate {average o f each, $1,888.¿2) . . . . . 100 loans on personal security . . . . . . . Bank building and fixtures {estimated value, 8120,000; assessed value, $91,500) Real estate by foreclosure, etc. {assessed value, $18,000) . ' . Taxes, insurance, etc., paid on mortgaged properties . . . . . W ar savings stamps and thrift stamps . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T otal Assets . . . . . $52,600 652,881 153,058 32,744 608,199 113,602 100,000 20,023 297 83 70,907 5,188 . . 00 25 25 75 27 34 00 31 14 74 34 16 $1,809,585 55 Liabilities. Due depositors on 5,194 accounts, averaging $323.03 each . . . $1,677,825 44 {Accounts opened during year, 1,024; closed, 987; increase, 37) Surplus; — a. Guaranty fund (4.56% o f deposits; increase during year, $4,107.45) . b. Profit and loss {increase during year, $1,863.38) . . . . . Current income: — Interest . . . . . . . . . . . . Bills payable . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . 76,520 27 1,863 38 23,376 46 30,000 00 . $1,809,585 55 No. 8.] BANK COMMISSIONER. 163 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $ 3 0 0 .2 6 .16 $ 1 ,2 8 7 .5 0 .71 $10,865 .31 5 .9 9 3 .0 8 Am ount paid for $ 4 ,2 7 7 .7 5 $3,9 9 9 .8 4 $ 9 9 9 .9 6 C ost per $1,000 of assets 2 .3 6 2 .2 1 .5 5 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $80,569.11. Rates on Investments and Loans (Average on All, 5.01%). Real estate loans (average rate, 5.82 per cent.): 5% , $97,323; 5 }^ % , $17,000; 6% , $493,876.27. Personal loans (average rate, 5.70 per cent.) : 4% , $16,821; 5% , $550; 6% , $96,281.34. Bonds, stocks, etc. (average rate on amounts invested, 4.38 per cent.): 3% , $5,000; ‘S>Ya% , $215,500; 4% , $367,000; 4 M % . $42,100; 4 Y % , $110,000; 5% , $185,000; 7% , $10,000. Number of loans not over $3,000 each, 367, amounting to $396,475.61. 12 real estate loans made during year, amounting to $16,125. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Dec., 1917, 2% June, 1918, 2 % Number of deposits during year, 8,524, amounting to $30,813 83 31,360 74 432,110 72 Number of withdrawals during year, 4,405, amounting to N et increase in amount due depositors . . . . . . . . . . . . . $494,285 29 436,393 78 $57,891 51 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 U. S. Certs, of Indebt. 4)^s 500 United States 3)^s 42,100 United States 4J^s Railroad Bonds. $84,000 Baltimore & Ohio 4s 65.000 Baltimore & Ohio 4)^s 40.000 Baltimore & Ohio 5s 105,000 Bangor & Aroostook 5s 10.000 Boston & Albany 4s 12.000 Boston & Maine 3)^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $10,000 C„ B. & Q. 4s 20.000 Chic., Mil. & St. Paul 4Hs 7.000 Fitchburg 3)^s 5.000 Fitchburg 4s 5.000 Illinois Central 3s 68.000 Illinois Central 3Ks 15.000 Illinois Central 4s 5.000 Maine Central 4)^s 68.000 Michigan Central 3Ys 55.000 N. Y. C. & H. R. 4s 60.000 N. Y „ N. H. & H. 3 ^ s 53.000 N. Y., N. H. & H. 4s Street Railway Bonds. Par Value. $60,000 Boston Elevated 4s 10.000 Boston Elevated 4Ys 20.000 Boston Elevated 5s 30.000 Boston & Northern 4s 10.000 Old Colony 4s 20.000 West End 5s 10.000 West End 7s [Pub. Doc. R E PO R T OF TH E 164 HOPKINTON SAVINGS BANK, HOPKINTON. M AIN STREET. Incorporated March 23, 1867. Number of corporators, 26; number of trustees, 15. J. D avid Stewart, President. W alter M. H illiard , Clerk of the Corporation. E rnest H. A dams, Treasurer. E ffie L. W oods, Assistant Treasurer. E. H . A dams, E. A. B riggs, G . W. B utterfield, J. L. C laflin , P . H . D olan , A. W. G erry , W . M. H illiard , A. N . K yes , W . S. M orse, W . D. M oshier, A lfred P hipps, H . H . P iper , J, D. Stewart, G . S. T hompson, W. A. W ood. Board o f Trustees: Board o f Investment: J. D . Stewart, W . A . W ood, W . D . M oshier, A. N . K yes , W . S. M orse, J. L. C laflin. Auditing Committee: W . D . M oshier, G . S. T hompson, A. W . G erry . Deposits draw interest from first Saturday of February, M a y , August and November; dividends are payable the first Saturday of M a y and November. Business hours: 9 a .m. to 2 p .m.; Wednesdays and Saturdays, 9 a .m. to 12 m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. $53,267 179,718 39,400 6,440 10,997 202,836 Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . ‘ . 91 loans on real estate (average o f each, $8,888.96) . . . . . . Bank building and fixtures (estimated value, $6,000; assessed value, $6,000) Taxes paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . Cash . . . . . . . . . . . . . . . T otal Assets . . . 50 75 00 00 50 00 1,000 00 314 58 12,324 11 1,964 22 $508,262 66 . Liabilities. $443,818 90 Due depositors on 1,169 accounts, averaging $379.66 each {Accounts opened during year, 87; closed, 101; decrease, Ilf) Surplus: — a. Guaranty fund {5.81% of deposits; increase during year, none) b. Profit and loss {increase during year, $1,788.78 ) . . . Current income: — a. Interest . . . . . . . $11,294 13 b. R e n t ...................................................................... 140 98 23,112 10 21,893 51 $11,435 11 Less current expenses not charged off . Less State or local taxes not charged off . . . $991 29 505 67 1,496 96 9,938 15 9,500 00 Bills payable https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . $508,262 66 No. 8.] BAN K COMMISSIONER, 165 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. Am ount paid for $9 9 0 .2 9 $ 1 ,739.88 $ 3 0 0 .0 0 — $3 1 1 .0 2 C ost per $1,000 of assets 1 .9 5 3 .4 2 .5 9 .6 1 Cost per $1,000 of assets not including State tax and r e n t ............................................... $3,341.19 6 .5 7 4 .0 3 Gross income received during the year, $23,080.90. Rates on Investments and Loans (Average on All, 5.11%). Real estate loans (average rate, 6 per cent.): 6% , $202,836. Bonds, stocks, etc. (average rate on amounts invested, 4.49 per cent.): 3}4% , $55,000; 4% , $102 800' 4 M % , $23,000; $3,800. 4 ^ % , $35,000; 5% , $66,000; 8% , $1,000; 10% , $1,600; 14% , $1,000; 20% ! Number of loans not over $3,000 each, 66, amounting to $74,536. Number of real estate loans made during the year, none. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: N ov., 1917, 2 % M ay, 1918, 2% Number of deposits during year, 698, amounting to . . $8,945 20 8,798 82 32,887 84 . Number of withdrawals during year, 713, amounting t o ........................................................... N et decrease in amount due depositors . . . . . . . . $50,631 86 65,282 51 $14 650 65 SCHEDULE OF SECURITIES OW NED. Public Funds, Bonds. Par Value. $23,000 United States 4}4s 15.000 Massachusetts 33^s 10.000 Boston 4s 5.000 Acton 4s Public Funds, Notes. $800 Hopkinton 4s Railroad Bonds. $5,000 Baltimore & Ohio 4}^s 5.000 Baltimore & Ohio 5s 10.000 Boston & Albany 5s 10.000 Boston & Lowell 4s 5.000 Boston & Maine 4s 5.000 Boston & Maine 4j/£s 5.000 C., B. & Q. 3 ^ s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. $5,000 Chic., Mil. & St. Paul 4 ^ s 5.000 Chic., Mil. & St. Paul 5s 10.000 Concord & Montreal 4s 5.000 Fitchburg 4s 5.000 Fitchburg 5s 15.000 Illinois Central 3b£s 5.000 Lake Shore & Mich. So. 3J^s 10.000 Maine Central 4J^s 5.000 Michigan Central 3)^s 5.000 Minn., St. P. & Sit. St. M. 5s 5.000 N. Y. C. & H. R. 3y2a 5.000 N. Y „ N. H. & H. 3V2a 10.000 N. Y „ N. H. & H. 4s 5.000 Northern Maine Seaport 5s 10.000 Pennsylvania 4J^s 10.000 Pitts., Va. & Charles’n 4s 15.000 Portland & R. Falls 4s 6.000 St. J. & L. C. 5s Par Value. $5,000 Boston Elevated 4s 10.000 Boston & Northern 4s 15.000 West End 5s 10.000 Worcester Con. 5s Bank Stocks. Shs. 10 Greylock Nl. Bk., Adams 38 First Nl. Bk., Boston 16 Fourth-Atlantic Nl. Bk., Boston 10 Webster & Atlas Bk., Boston [Pub. Doc, RE PO R T OF THE 166 HUDSON SAVINGS BANK, HUDSON. 42 Incorporated February 26, 1869. M AIN STREET. Number of corporators, 41; number of trustees, 20. F bed O. W elsh, Clerk o f the Corporation. H . P. A ndrews, F. E . B rown, F. H . C hamberlain, G . B. C ochran, D avid G oodale, N . M . H unter, G . P . K eith , E . P. L arkin , W . H . M oulton, L. F. P riest. J. H . R obinson, F. S. R owell, W. T . Safford , C . J. Sawyer , C . H . Stone, F rank T aylor , G. A . T ripp, F. O. W elsh, C. B. W heeler , W. L. W heeler. Board of Trustees: , Board o f Investment: e G . B . C ochran, J. H . R obinson, G . A . T ripp , C . J. Sawyer , E . P . L arkin . Auditing Committee: J. H . R obinson, C. H . Stone, F. S. R owell. Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the Thursday after the third Wednesday of January and July. Business hours: 9 a .m. to 3 P.M.; also Saturdays, for deposits only, 6 to 8 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . Securities acquired in settlement of indebtedness . 471 loans on real estate {average o f each, $1,761.53) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 loans on personal security ... . . . . Bank building and fixtures (estimated value, $18,000; assessed value, W ar savings stamps and thrift stamps ^ . . . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . $831,135 00 1,452 95 ----------------------. . . . $37,600 ) . . . . . . . . . . . $468,511 00 673,200 00 179,375 00 42,925 00 3,500 00 100 0 0 829,682 05 290,395 00 47,786 69 345 84 129,714 15 4,656 82 . . . . . $2,670,191 55 . . . . . $2,451,888 78 Liabilities. Due depositors on 6,586 accounts, averaging $372.29 each (Accounts opened during year, 960; closed, 961; decrease, 1) Surplus: — a. Guaranty fund (^.72% o f deposits; increase during year, $6,300) . . . b. Profit and loss (increase during year, $b,%13.12) . . . . . . Current income: — Interest . . . . . . . . . . $22,802 71 Less current expenses not charged off . . . . 2,340 81 -------------- ---------Deposits or installments received on sales of Liberty Loan Bonds . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 117,300 00 47,087 43 20,461 90 33,453 44 . $2,670,191 55 No. 8.] BAN K COMMISSIONER. 167 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $5,539.04 $5,404.84 $8 0 0 .0 0 Cost per $1,000 of assets 2 .0 7 2 .0 2 .3 0 Cost per $1,000 of assets not including State tax and rent . Other Expenses. $110 .61 .04 . . $1,704.31 .6 4 . . . Total. $ 1 3,558 .80 5 .0 7 2 .7 0 Gross income received during the year, $127,091.31. Rates on Investments and Loans (Average on All, 5.05%). Real estate loans (average rate, 5.78 per cent.): 4 A % , $25,500; 4.75% , $12,000; 5J^%, $331,950; 6% , $459,482.05; 7 V2% , $750. Personal loans (average rate, 5.85 per cent.): 4 % ,$ 1 5 ,0 0 0 ; 5 % ,$ 1 0 ,0 0 0 ; 5 A % , $14,350; 5 M % . $25,000; 6% , $201,045; 6 M % , $10,000; &V2% , $15,000. Bonds, stocks, etc. (average rate on amounts invested, 4.45 per cent.): 3% , $5,000; 3J^%, $135,350; 3H % , $3,200; 3.65% , $10,000; 3.75% , $1,200; 3.80% , $7,200; 3.90% , $11,500; 4 % , $513,300; 4.25% , $97,850; 4 ^ % , $264,100; 4.60% , $25,000; 5% , $194,000; 5.05% , $10,000; 5.15% , $20,000; 5.30% , $10,000; 5 ^ % , $15,000; 6% , $45,000; 7% , $20,000; 8% , $3,500. Number of loans not over $3,000 each, 443, amounting to $546,705. 28 real estate loans made during year, amounting to $46,610. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 % Number of deposits during year, 7,458, amounting to . . Number of withdrawals during year, 5,785, amounting to N et increase in amount due depositors . . . . . . . . ............................................... . . . . . . . . . . . . $45,492 65 46,389 37 477,925 89 $569,807 91 499,718 25 $70,089 66 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $44,000 U. S. Certs, of Indebt. 4J^s 17,550 United States 3L£s 52,700 United States 4s 81,350 United States 4)^s 10.000 Massachusetts 3As 5.000 Massachusetts 4s 5.000 Boston 4s 15.000 Boston 4}£s 20.000 Chelsea 4s 5.000 Everett 4s 5.000 Hamilton, 0., 5s 3.000 Lynn 4s 17.000 New Bedford 4s 5.000 Rockville, Ct., 4s 3,500 Troy, N. Y., 4Azs 5.000 Hudson 4s i 24,500 Hudson 4b£s 5.000 No. Kingstown, R. I., 4s 10.000 Wallingford, Ct., 3.65% 5.000 Br. & Top., Me. (W. D.), 4s Public Funds, Notes. $15,000 Gloucester 5As 10.000 Leominster, 5.05% 10.000 Revere 5.15% 2.800 Bolton 4s 10.000 Framingham 5.30% 10.000 Hanson 5.15% 9.800 Hudson 3A& 3.200 Hudson 3^gS 1.200 Hudson 3%s 7.200 Hudson 3.80% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $11,500 Hudson 3.90% 8,800 Hudson 4s 1,500 Hudson 4J4s 4,100 Hudson 4As 25,000 Hudson 4.60% Railroad Bonds. Par Value. $2,000 Michigan Central 4s 15.000 Michigan Central 5s 5.000 Mil. & Northern 4J^s 15.000 Minn., St. P. & Sit. St. M. 4s 20.000 N. Y. C. & H. R. 4s 10.000 N. Y„ N. H. & H. 3 ^ s 30.000 N. Y „ N. H. & H. 4s 15.000 No. Maine Seaport 5s 10.000 Ohio River 5s 45.000 Pennsylvania 4As 10.000 Portland & Ogdensburg 4Ks 3.000 Portland & R. Falls 4s 5.000 Portland Terminal Co. 4s 10.000 Southern Pacific 4s 10.000 St. P., Minn. & Man. 4s 5.000 St. Paul & Sioux City 6s 20.000 Troy & Boston 7s 10.000 Washington Co. 3As $20,000 Atch., Top. & Santa Fé 4s 10.000 Baltimore & Ohio 4s 20.000 Baltimore & Ohio 4J4js 15.000 Bangor & Aroostook 5s 20.000 Boston & Albany 3A& 26.000 Boston & Maine 4s 5.000 B. & N. Y. Air Line 4s 15.000 C., B. & Q. 3 V 2s 10.000 C„ B. & Q. 4s 4.000 C., B. & Q. 5s 30.000 Chic., Mil. & St. Paul 4As Street R a ilw a y Bonds. 10.000 Chic. & Northwestern 4s 5.000 Chic. & Northwestern 5s $20,000 Boston Elevated 4s 40.000 Chic. & Northwestern 6s 20.000 Boston Elevated 5s 5.000 Chic., R. I. & Pac. 4s 15.000 Boston & Northern 4s 10.000 Cleveland Short Line 4)^s 10.000 Holyoke 5s 10.000 Delaware & Hudson 4s 15.000 Leominster, Shirley & A. 5s 25.000 Fitchburg 4s 25.000 Lynn & Boston 5s 5.000 Illinois Central 3s 10.000 Old Colony 4s 23.000 Illinois Central 3A& 23.000 West End 4J^s 40.000 Illinois Central 4s 20.000 West End 5s 20.000 Lake Shore & Michigan So. 4s 25.000 Wore. Consolidated iA s 30.000 Louisville & Nashville 5s 20.000 Maine Central AAs Bank Stocks. Shs. 10.000 Me. Cent. & E. & N. A. 4s 20.000 Michigan Central 3A& 35 Hudson Nl. Bk. t REPO RT OF TH E 168 [Pub. Doc. HYDE PARK SAVINGS BANK, BOSTON. 1196 RIVER STREET (HYDE PARK DISTRICT). Incorporated March 8, 1871. Number of corporators, 29; number of trustees, 15. Frederick N . T irrell, President. A rthur H. B urt, Treasurer. F rederick L. Johnson, Clerk of the Corporation. H . F. A rnold, H . S. B unton, A . H . B urt, F. C. Graham, F. L. Johnson, F. G . K atzmann, E . W. Lewis , R. P. M oseley, H . R. Stone, H . B. T erry, J. A. T ilden, E . Van D . T irrell, F. N . T irrell, H . E . B. W aldron, R inaldo W illiams. Board o f Trustees: Board o f Investment: F. N . T irrell, H . S. B unton, F. C . G raham, H . E . B. W aldron, H . F. A rnold. Auditing Committee: F. L. J ohnson, H . S. B unton, R. P. M oseley. Deposits draw interest from first day of January, April, July and October; dividends are payable January 15 and July 15. Business hours: 9 a .m. to 3 p .m.; Saturdays, 9 a .m. to 12 m.; also Fridays, for deposits only, 5 to 7 p.m. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. $379,319 658,574 166,198 39,852 6,400 958,273 75,200 Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . 412 loans on real estate (average of each, $2,325.90 ) . . . . . . 4 loans on personal security . . . . . . . . . Bankers’ acceptances . . . . . . . . . . . Bank building and fixtures ( estimated value, $39,300; assessed value, $39,300) Real estate by foreclosure, etc. (assessed value, $31,300) . . Taxes, insurance, etc., paid on mortgaged properties . . . . . Liberty Loan Bonds, subscription account . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T otal Assets 45 25 50 50 00 00 00 20,000 00 25,696 22,653 153 25,000 92,888 14,335 69 26 22 00 89 05 . $2,484,544 81 Liabilities. Due depositors on 6,987 accounts, averaging $314.65 each . $2,198,466 67 (Accounts opened during year, 753; closed, 868; decrease, 115) Surplus: — o. Guaranty fund (4..97% o f deposits; increase during year, none) h. Profit and loss (increase during year, $11,6S5.90) • . Current income. — Interest . . . . . . . . . . Less current expenses not charged off Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 109,481 42 106,196 33 $37,566 31 2,383 92 ------------------- 35,182 39 35,218 00 . $2,484,544 81 BAN K COMMISSIONER, No. 8.] 169 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $ 3 ,759.10 $ 5 ,610.67 $1,0 0 0 .0 0 Cost per $1,000 of assets 1 .5 1 2 .2 5 .4 0 C ost per $1,000 of assets not including State tax and rent . Other Expenses. $ 1 83 .43 .07 . . $1,411.44 .5 7 . . . Total. $11,964 .64 4 .8 0 2 .8 9 Cross income received during the year, $114,761.59. Rates on Investments and Loans (Average on All, 5.14%). Beal estate loans (average rate, 5.99 per cent.): 5bb%, $3,400; 6% , $954,873. Personal loans (average rate, 6 per cent.): 6% , $75,200. Bonds, stocks, etc. (average rate on amounts invested, 4.31 per cent.): 3bb%, $96,750; 4% , $648,700; 4 M % , $84,150; 4bb%, $225,550; 5% , $193,000; 5.15% , $10,000; 5 ^ % , $20,000; 51b%, $1,400; 6% , $3,000; 12% , $600; 20% , $4,400. Number of loans not over $3,000 each, 333, amounting to $583,723. 4 real estate loans made during year, amounting to $7,200. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2% Extra dividend declared during year, July, 1918, b£% Number of deposits during year, 8,692, amounting to $40,807 40,792 5,108 388,648 $475,356 33 439,671 84 Number of withdrawals during year, 6,186, amounting to N et increase in amount due depositors . . . 19 73 38 03 . . . . . $35,684 49 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Railroad Bonds. Par Value. $25,000 U. S. Certs, of Indebt. 4j4s 5,750 United States 31bs 4,600 United States 4s 84,150 United States 4bis 30.000 Massachusetts 4s 6.000 Boston 3bis 6.000 Boston 4s 15.000 Fall River 4s 10.000 Malden 4s 10.000 Minneapolis, Minn., 4s 14.000 New Bedford 4s 2,100 Hull 4s 103,000 Hyde Park 4s 15.000 Kennebec, Me. (W. D.), 3bis 20.000 Kittery, Me. (W. D.), 5s Par Value. $20,000 Baltimore & Ohio 3b£s 15.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4b£s 5.000 Boston & Albany 4s 29.000 Boston & Albany 5s 3.000 Boston & Lowell 4s 30.000 Boston & Lowell 5s 50.000 Boston & Maine 4bi>s 10.000 C„ B. & Q. 3J/2s 20.000 C., B. & Q. 4s 28.000 Chic., Mil. & St. Paul 4s 31.000 Chic., Mil. & St. Paul 4bis 30.000 Chic. & Northwestern 4s 25.000 Concord & Montreal 4s 10.000 Connecticut River 3p2S 3.000 Danbury & Norwalk 6s 20.000 Fitchburg 3lbs 2.000 Fitchburg 4s 14.000 Fitchburg 4b2s 15.000 Fitchburg 5s 10.000 Illinois Central 3bis 20.000 Illinois Central 4s 10.000 Lake Shore & Mich. South. 4s 15.000 Maine Central 4bbs Public Funds, Notes. $10,000 Revere 5.15% 550 Hyde Park 4)bs 20,000 Winthrop 5bis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $50,000 Minn., St. P. & Sit. St. M. 4s 50.000 N. Y. C. & H. R. 4s 70.000 N. Y., N. H. & H. 4s 25.000 No. Maine Seaport 5s 25.000 Portland & Ogdensburg 4bis 10.000 Upper Coos 4s 10.000 Vermont Valley 4lbs 5,000 Wore., Nash. & R. 4s Street Railway Bonds. $30,000 Boston Elevated 4Jbs 20.000 Boston Elevated 5s 30.000 Boston & Northern 4s 9,000 Lynn & Boston 5s 15.000 Old Colony 4s 22.000 West End 4s 45.000 West End 5s Bank Stocks. Shs. 38 First Nl. Bk., Boston 6 Merchants Nl. Bk., Boston 6 Second Nl. Bk., Boston 14 First Nl. Bk., Newburyport [Pub. Doc, REPO RT OF TH E 170 INSTITUTION FOR SAVINGS IN NEWBURYPORT AND ITS VICINITY, NEWBURYPORT. 93 STATE STREET. Incorporated January 31, 1820. Number of corporators, 77; number of trustees, 23. H enry B. Little, President. W illiam B alch, Treasurer. George F. A very , Clerk of the Corporation. Board of Trustees: W illiam B alch, R. S. B rown, R. E . B urke, L. D. C ole, L. B. C ushing, C. H . C utting, L. P. D odge, J. H . I reland, N. N. Jones, L. N. K ent, E . F. Little, H . B. L ittle, W . B. L ittle , J. E . M cC usker , F. F. M orrill, C. W . M oseley, D . F. N oyes, R . T. N oyes, G. A. P hilbrick, G . W. P iper, T. C. Simpson, J. F. Spaulding, J. H . W heeler. Board of Investment: H . B. L ittle , L. B. C ushing, F. F. M orrill, G . W. P iper, T. C. Simpson. Auditing Committee: D . F. N oyes, R . E . B urke , C. H . Cutting, J. E . M cC usker . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the fourth Wednesday of April and October. Business hours: 8.30 a .m . to 2 p . m .; Sat urdays, 8.30 a .m . to 12 M. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 538 loans on real estate (.average of each, $2,061.72) . . . . . . 80 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $35,000; assessed value, $35,000 ) Real estate by foreclosure, etc. (assessed value, $174,760) . . . . . W ar savings stamps and thrift stamps . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T otal Assets . . . . . . . . $2,247,952 50 2,510,675 75 148,500 00 229,820 00 9,059 09 1,109,207 94 1,525,342 25 20,000 00 135,060 32 70 00 112,265 00 6,616 15 . . . . . . . . . . $8,054,569 00 . . . . . $7,378,793 31 Liabilities. Due depositors on 12,792 accounts, averaging $576.82 each ( Accounts opened during year, 830; dosed, 1,092; decrease, 262) Surplus: — a. Guaranty fund (5.23% of deposits; increase during year, none) . b. Profit and loss (decrease during year, $73,603.06 ) . . . . . Current income: — Interest . . . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . . . . . . 386,000 00 264,063 51 9,420 77 16,291 41 T otal L ia b ilit ie s .......................................... $8,054,569 00 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries, Rent. Am ount paid for $21,420.61 $ 1 2,484 .78 Cost per $1,000 of assets 2 .6 5 1 .5 4 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $382,651.44. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. — . . Other Expenses. $1,386.01 .17 . . . Total. $35,241 .40 4 .3 6 1 .7 1 No. 8.] BANK COMMISSIONER. 171 Rates on Investments and Loans (Average on All, 5.02%). Real estate loans (average rate, 4.77 per cent.): 4 % , $105,500; 4 }4 % , $125,000; 4 l/2%, $144,700; 4 % % , $37,000; 5% , $655,257.94; 5 y2%, $28,000; 6% , $13,750. Personal loans (average rate, 5.99 per cent.): 4 M % . $7,200; 6 % , $1,518,141.25. Bonds, stocks, etc. (average rate on amounts invested, 4.79 per cent.): 3J^%, $14,750; 3 M % , $11,750; 4% , $2,874,985; 4 ^ % , $2,340; 4J£%, $264,250; 4 H % , $891,800; 4 % % , $30,000; 5% , $499,600; 5 M % , $16,800; 5 V2% , $5,600; 6% , $372,100; 8% , $32,500; 83^% , $20,800; 9% , $24,520; 10% , $27,500; 12%, $20,000; 20% , $89,500. Number of loans not over $3,000 each, 506, amounting to $473,638.44. 31 real estate loans made during year, amounting to $29,887.50. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 J ^ % ...............................................$181,946 92 Oct., 1918, 2 H % ............................................... 162,184 34 Number of deposits during year, 5,964, amounting t o .......................................................... 604,271 62 ............................................... $948,402 88 1,118,182 54 N et decrease in amount due d e p o s i t o r s ................................................................................. $169,779 66 Number of withdrawals during year, 9,652, amounting t o SCHEDULElOF SECURITIES OWNED. Public Funds, Bonds. $226,000 U. S. Certs, of Indebt. 4J^s 11,900 United States 3}4s 293,850 United States 4}4s 210.000 Massachusetts 4s 15.000 Akron, 0., 5h(s 397.000 Boston 4s 38.000 Brockton 4s 250 Cambridge 3}4s 3,300 Cambridge 4s 8,600 Canton, 0., 5s 100.000 Chelsea 4s 8.000 Dayton, O., 5s 15.000 Duluth, Minn., 5s 12.000 E. Portland, Ore., 6s 2.000 Everett 4s 71.000 Fall River 4s 12.000 Fall River 4}4s 6.000 Gloucester 4s 15.000 Hamilton, 0., 5s 18.000 Haverhill 4%s 50.000 Holyoke 4s 45.000 Lawrence 4s 5,250 Lowell 4s 4.000 Malden 5s 48.000 New Bedford 4s 11,750 Newburyport 3%s 35.000 Newburyport 4s 2.000 Pittsfield 4s 10.000 Portland, Ore., 5s 37,500 Portland, Ore., 6s 5.000 Revere 4s 42.000 Seattle, Wash., 5s 46.000 Somerville 4s 6.000 Taunton 4J^s 7,800 Troy, N. Y„ 43^s 9.000 Worcester 4s 8.000 Youngstown, 0., 5s 6.000 Amherst 4s 5.000 Arlington 4s 9.000 Blackstone 5s 35.000 Eden, Me., 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $8,000 Lexington 4s 22.000 North Attleborough 4s 21.000 Norwood 4s 20.000 Warwick, R. I., 4J^s 6.000 Westfield 4s 28.000 Wilmington 4)4s 5.000 Winchester 4s 14.000 Unionville (F. and W . D.) 4s Public Funds, Notes. $85,000 Revere 4s 2,500 Amesbury 4s 1.000 Carver 4s 1,140 Essex 4s 5.000 Hull 4s 2,340 Lunenburg 4L£s 3.000 Maynard 4J4s 1,600 Merrimac 3Hs 31,900 Norwood 4}4s 12.000 Seekonk 4%s 2.000 Sunderland 4s 18.000 Uxbridge 4s 46.000 Watertown 4s 16,300 Westport 4s 4,995 Winthrop 4s Railroad Bonds. $30,000 Baltimore & Ohio 4s 95.000 Baltimore & Ohio 4)^s 60.000 Baltimore & Ohio 5s • 55,000 Boston & Albany 4s 34.000 Boston & Albany 5s 345.000 Boston & Maine 4}4s 30.000 Chic., Mil. & St. Paul 4s 80.000 Chic., Mil. & St. Paul 4J^s 15.000 Chic., Mil. & St. Paul 5s 125.000 Chic. & Northwestern 4s 63.000 Chic. & Northwestern 5s 191.000 Chic. & Northwestern 6s 51.000 Concord & Montreal 4s 15.000 Dexter & Piscataquis 4s Par Value. $130,000 Fitchburg 4s 25.000 Fitchburg 43^s 50.000 Fitchburg 5s 20.000 Fre., Elk. & Mo. Val. 6s 60.000 Illinois Central 4s 100.000 Louisville & Nashville 5s 53.000 Louisville & Nashville 6s 125.000 Maine Central 4J-£s 40.000 Me. Cent. & E. & N. A. 4s 50.000 Mich. Central 4s 17.000 Minn., St. P. & Sit. St. M. 5s 25.000 Mobile & Ohio 6s 115.000 N. Y. C. & H. R. 4s 6,000 N. Y., Lack. & Western 6s 225.000 N. Y., N. H. & H. 4s 15.000 Norwich & Worcester 4s 10.000 Old Colony 4s 110.000 Pennsylvania 4}4s 50.000 Penobscot Shore Line 4s 25.000 Portland & Ogdensburg 4L£s 10.000 Ports., Gt. Falls & Con. 4j4>s 41.000 Rome, Water. & Ogdens. 5s 20.000 St. Paul & Sioux City 6s 25.000 Upper Coos 4s 20.000 Wore., Nashua & Roch. 4s Bank Stocks. Shs. 100 Commonwealth Tr. Co., Boston 375 First Nl. Bk., Boston 200 Merchants Nl. Bk., Boston 275 Nl. Shawmut Bk., Boston 208 Nl. Union Bk., Boston 100 Old Boston Nl. Bk., Boston 520 Second Nl. Bk., Boston 225 Webster & Atlas Nl. Bk., Boston 20 Gloucester Nl. Bk. 56 First Nl. Bk., Newburyport 1,226 Merchants Nl. Bk., Newb’p’t 112 Ocean Nl. Bk., Newburyport 18 Warren Nl. Bk., Peabody 172 R E P O R T OF TH E [Pub. Doc, INSTITUTION FOR SAVINGS IN ROXBURY AND ITS VICINITY, BOSTON. 2343 W ASHINGTON STREET. Incorporated February 22, 1825. Number of corporators, 39; number of trustees, 18. C h a r l e s G . S m it h , President. A r t h u r B . J o s l in , Clerk of the Corporation. H e n r y W e s t , Treasurer. L e o n a r d C . N ic k e r s o n , Assistant Treasurer. Board o f Trustees: H o r a c e B a c o n , S. M . B o l s t e r , W il f r e d B o l s t e r , A . M . B u l l a r d , W . D . C ot t o n , E . U. C u r t is , N e lso n C u r t is , W . A . G a s t o n , J o sep h M o r r il l , H u gh N a w n , H . A . R u e t e r , F r e d S e a v e r , C . G . S m it h , S. L . T r e a d w e l l , F . S. W a t e r m a n , H e n r y W e s t , E . B . W il d e r , J. D . W il l ia m s . Board of Investment: C . G. S m it h , J. D . W il l ia m s , E . U. C u r t is , J o seph M o r r il l . Auditing Committee: N e l s o n C u r t i s , A . M . B u l l a r d , E . B . W i l d e r , W . D . C o t t o n . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the Thursday following the third Wednesday of April and October. Business hours: 9 a .m . to 3 p .m . ; Saturdays, 9 a .m . to 12 m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . . Boston Terminal Co. bonds . . . . . . American Tel. & Tel. Co. bonds . . . . . Stocks of banks and trust companies . . . . 859 loans on real estate (average o f each, ¿4,133.85) . 37 loans on personal security . . . . Bank building and fixtures {estimated value, $153,671.75; Real estate by foreclosure, etc. (assessed value, $38,800) Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .* . . . . . assessed value, ¿183,000) . . . . . . . . . . . . . . . . . . $1,216,043 70 7,030,335 75 628,867 50 150,000 00 270,568 75 27,100 00 3,550,980 00 1,078,850 00 153,671 75 22,231 15 275,995 76 46,236 04 T otal A s s e t s .......................................... $14,450,880 40 Liabilities. D ue depositors on 28,816 accounts, averaging $469.61 each . . . . . $13,532,504 00 {Accounts opened during year, 3,342; closed, 3,156; decrease, 814) Surplus: — a. Guaranty fund {5.22% of deposits; increase during year, none) . h. Profit and loss {decrease during year, $4>104-61) . . . . . Current income: — • Interest . . . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . 706,000 00 100,711 72 15,105 68 96,559 00 . $14,450,880 40 I V No. 8.] . BAN K COMMISSIONER. 173 T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Am ount paid for $44,766 .04 $23,333 .20 $4,6 0 0 .0 0 C ost per $1,000 of assets 3 .1 0 1 .61 .31 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $7 ,3 2 6 .2 9 .51 $79,925 .63 5 .5 3 2.12 Gross income received during the year, $607,931.36. Rates on Investments and Loans (Average on All, 4.60%). Real estate loans (average rate, 5.22 per cent.): 4 M % , $57,000; 4M>%, $365,000; 4 % % , $57,900; 5 % , $1,109,250; 5 M % . $35,500; 5 )4 % , $1,801,030 ; 6% , $125,300. Personal loans (average rate, 6 per cent.): 6% , $1,078,850. Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.); 3% , $100,000; 3 )4 % , $2,047,000; 4% , $3,581,800; 4 M % , $669,250; 4 )4 % , $2,650,000; 5% , $437,000; 8% , $1,000; 9% , $3,300; 1 7 )4 % , $17,300; 20% , $5,500. Number of loans not over $3,000 each, 505, amounting to $968,055. 3 real estate loans made during year, amounting to $5,000. Dividends, Deposits and Withdrawals. $262,319 31 259,679 64 1,755,616 27 Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 % Number of deposits during year, 27,039, amounting to Number of withdrawals during year, 29,526, amounting to N et decrease in amount due depositors . . . . . . . . . . . $2,277,615 22 2,466,649 32 . $189,034 10 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $70,000 U. S. Certs, of Indebt. 4)4s 3,800 United States 4s 619,250 United States 4Ms 10.000 Massachusetts 4s 506,000 Boston 4s 12.000 Reading 4s Railroad Bonds. $75,000 Baltimore & Ohio 4Mb 175.000 Boston & Albany 3)4s 309.000 Boston & Albany 4s 75,000 Boston & Albany 5s 100.000 Boston & Lowell 4)4s 100.000 Boston & Lowell 5s 372.000 Boston & Maine 3Mis 340.000 Boston & Maine 4s 210.000 Boston & Maine 4^23 420,000 C., B. & Q. 334s 349,000 C„ B. & Q. 4s 50,000 Chic., Mil. & St. Paul 4s 780,000 Chic., Mil. & St. Paul 4Hs 225,000 Chic., Mil. & St. Paul 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. Par Value. $135,000 Old Colony 4s $50,000 Chic. & Northwest. 3)4s 350,000 Pennsylvania 4)4s 150.000 Chic. & Northwest. 4s 50.000 Portland Terminal Co. 4s 85.000 Concord & Montreal 4s 70.000 Portland & Ogdens. 4)4s 25.000 Conn. & Pass. Rivers 4s 25.000 Providence Terminal Co. 4s 25.000 Danbury & Norwalk 5s 25.000 Sullivan Co. 4s 100.000 Delaware & Hudson 4s 50.000 Fitchburg 3Mis 10.000 Washington Co. 3)4s 50.000 Worcester, Nash. & R. 4s 200.000 Fitchburg 4s 100.000 Fitchburg 4)ts 50.000 Gt. Northern 4Ms Street Railway Bonds. 100.000 Illinois Central 3s 370.000 Illinois Central 3)49 $80,000 Boston Elevated 4s 25.000 Louisville & Nashville 4s 250.000 Boston Elevated 4J4s 12.000 Louisville & Nashville 5s 67.000 Boston & Northern 4s 350.000 Maine Central 4Ms 150.000 Springfield 4s 50.000 Manchester & Law. 4s 70.000 West End 4s 20.000 Michigan Central 3)48 20.000 West End 4Mis 25.000 Mich. Cent.-Jol. & No.Ind. 4s 100.000 N. Y. C. & H. R. 3M?s Bank Stocks. 50.000 N. Y. C. & H. R. 4s Shs. 200.000 N. Y. C. & H. R. 4)4s 33 Fourth-Atlantic Nl. Bk., Boston 330.000 N. Y., N. H. & H. 3)4s 173 Nl. Rockland Bk., Boston 320.000 N. Y., N. H. & H. 4s 55 Second Nl. Bk., Boston 75.000 Northern Pacific 4M23 10 Webster & Atlas Nl. Bk., Boston 25.000 Norwich & Worcester 4a REPO RT OF THE 174 [Pub. Doc. IPSWICH SAVINGS BANK, IPSWICH. SOUTH M AIN STREET. Incorporated M arch 20, 1869. Number of corporators, 28; number of trustees, 14. G e o r g e H . G r e e n ^President. G e o r g e E . F a r l e y , Treasurer. A r t h u r C . D a m o n , Clerk of the Corporation. Board of Trustees: N . J. B o l l e s , A . S. B r o w n , G. B . B r o w n , C . F . C h a p m a n , A . C . D a m o n , H . K . D a m o n , G e o r g e F a l l , G . E . F a r l e y , C . E . G o o d h u e , F. T . G o o d h u e , G. H . G r e e n , W . G. H o r t o n , D . S. P e r l e y , G e o r g e P r e s c o t t . Board of Investment: C . E . G o o d h u e , A . C . D a m o n , G e o r g e F a l l , G . B . B r o w n , A . S. B r o w n . Auditing Committee: F . T . G o o d h u e , H . K . D a m o n , A . S. B r o w n . Deposits draw interest from fourth Wednesday of January, April, July and October; dividends are payable the fourth Wednesday of January and July. Business hours: 8.30 a .m . to 12.30 P.M.; also Saturdays', 3 to 5 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . Stocks of banks and trust companies . . . . Securities acquired in settlement of indebtedness . 242 loans on real estate (average of each, $2,085.51) . ' 4 loans on personal security Furniture and fixtures . . . . . . . Real estate by foreclosure, etc. (assessed value, $19,590) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $192,100 379,194 30,134 19,208 14,500 1,600 504,695 28,567 . . . . . . . 2,000 00 . . . . . 00 75 00 13 00 00 37 00 24,860 1,552 10,794 3,693 46 76 94 83 T otal A s s e t s .......................................... $1,212,901 24 Liabilities. D ue depositors on 3,432 accounts, averaging $324.55 each . . . . . $1,113,860 23 . . . 54,476 00 32,185 09 (Accounts opened during year, 406; closed, 341; increase, 65) Surplus: — а. Guaranty fund (4-89% o f deposits; increase during year, $469) б. Profit and loss (increase during year, $3,075.48) . . . Current income: — I n t e r e s t .......................................................... Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . $6,617 28 1,347 36 ------------------------. . . 5,269 92 7,110 00 . $1,212,901 24 175 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, Including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Am ount paid for $2,2 4 5 .7 5 $ 2 ,704.34 $6 5 0 .0 0 $ 5 6 .4 0 $1,386.94 C ost per $1,000 of assets 1 .8 5 2 .2 3 .5 4 .01 1 .1 8 Cost per $1,000 of assets not including State tax and r e n t .......................................................... Total. $7,043.43 o 'i o d » Gross income received during the year, $52,104.09. Rates on Investments and Loans (Average on All, 4.73%). Real estate loans (average rate, 5.49 per cent.): 5% , $252,107; 5h£%, $7,350; 6% , $24o,238.37. Personal loans (average rate, 5.98 per cent.): 5% , $467; 6% , $28,100. Bonds, stocks, etc. (average rate on amounts invested, 3.92 per cent.): 3%, $21,000; 3 % % , $210,000; 4 % , $269,250; 4 }£% , $46,650; 4J^%, $81,000; 5% , $15,000; 8% , $9,500. Number of loans not over $3,000 each, 204, amounting to $221,481.37. 7 real estate loans made dining year, amounting to $17,864. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2% Number of deposits during year, 2,923, amounting to $20,530 54 20,677 52 202,728 42 Number of withdrawals during year, 2,262, amounting to $243,936 48 199,784 13 $44,152 35 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 United States 3J^s 20.000 United States 4s 46,650 United States 4Ms 10.000 Barre, Vt., 3Ms 20.000 Chelsea 3Ms 10.000 Chelsea 4s 5.000 Dubuque, la., 3Ms 10.000 Los Angeles, Cal., 4Ms 10.000 New Bedford 4s 8.000 Salem 4s 15.000 Dedham 3Ms 6,000.North Attleborough 4s 4.000 Peabody 3Ms 14.000 Br. & T., Me. (W. D.), 4s Public Funds, Notes. $4,250 Ipswich 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $10,000 Atch., Top. & Santa F6 4s 15.000 Baltimore & Ohio 3Ms 5.000 Baltimore & Ohio 5s 10.000 Benning. & Rutland 4Ms 15.000 Boston & Albany 3M s 10.000 Boston & Albany 4s 2.000 Boston & Lowell 4s 20.000 Boston & Maine 4Ms 5.000 Boyer Valley 3Ms 47.000 C., B. & Q. 3Ms 5.000 C., B. & Q. 4s 20.000 Chi., Mil. & St. Paul 4s 10.000 Chi., Mil. & St. Paul 4Ms 15.000 Concord & Montreal 4s 5.000 Dexter & Piscataquis 4s 6.000 Fitchburg 4s 21.000 Illinois Central 3s 30.000 Illinois Central 3Ms 15.000 Maine Central 4Ms 5.000 Minn., St. P. & Sit. St. M. 4s 5.000 Minnesota & Iowa 3Ms 10.000 N. Y„ N. H. & H. 3Ms $33,Mw ' n ". Y., N. H. & H. 4s 10.000 Northern Pacific 4s 10.000 Northern Pacific 4Ms 30.000 Old Colony 4s 19.000 Peoría & Northwest. 3Ms 10.000 Portland Terminal Co. 4s Street Railway Bonds. $10,000 Boston Elevated 4s 6.000 Boston Elevated 4Ms 10,000 Boston Elevated 5s 5.000 West End 4s Bank Stocks. Shs. 26 First Nl. Bk., Ipswich 8 Nl. Grand Bk., Marblehead 122 Merchants Nl. Bk., Salem 50 Salem S. D. & T. Co. 176 R E PO R T OF THE [Pub. Doc, LAWRENCE SAVINGS BANK, LAWRENCE. 255 ESSEX STREET. Incorporated March 10, 1868. Number of corporators, 26; number of trustees, 14. A l v in E . M a c k , President. L e w is A . F o y e , Treasurer. N e w t o n P . F e y e , Clerk of the Corporation. Board o f Trustees: M . D . C u e h ie r , L. A . F o y e , N . P . F e y e , J. S. H o w e , C . H . K it c h in , J. A . M ac d o n a l d , A . E . M a c k , A . D . M a r b l e , W . T . M cA l p in e , J. I. M il l ik e n , K . S. N o r w o o d , J. A . P e r k in s , W . E . P h il b e ic k , R . A . P r e s c o t t . Board of Investment: A . E . M a c k , W . T . M cA l p in e , J. I. M i l l ik e n , K . S. N o r w o o d , W . E . P h il b r ic k . Auditing Committee: M . D . C u r r ie r , J. S. H o w e , J. A . P e r k in s . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 9 a .m . to 4 p .m . and 7 to 8 P.M. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,063 loans on real estate (average o f each, $3,626.78) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . 123 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $205,000; assessed value, Real estate by foreclosure, etc. (assessed value, $28,960) . . . W ar savings stamps and thrift stamps . . . . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . . . . . . . . . $3,857,313 00 2,050 00 . $113,576) . . . . $1,133,400 840,347 16,300 10,800 00 50 00 00 3,855,263 1,455,229 180,000 19,827 622 167,387 17,919 00 50 00 86 96 16 94 T otal A s s e t s .......................................... $7,697,097 92 Liabilities. Due depositors on 15,122 accounts, averaging $453.75 each . . . . . $6,861,597 00 {Accounts opened during year, 2,776; closed, 2,617; increase, 169) Surplus: — a. Guaranty fund {4-93% o f deposits; increase during year, $18,087) b. Profit and loss {increase during year, $21,924-06) . . . . . . Current income: — I n t e r e s t ......................................................................................................... $146,852 68 Less current expenses not charged off . . $8,542 95 Less State or local taxes not charged off . . 144 89 ------------------------8,687 84 Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 338,207 00 175,086 19 138,164 84 24,120 89 159,922 00 . $7,697,097 92 No. 8.] BAN K COMMISSIONER. 177 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for 811,592 .73 $14,970 .58 $ 3 ,600.00 Cost per $1,000 of assets 1 .5 1 1 .9 4 .47 C ost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $4 2 8 .4 0 $ 5,890.79 $ 3 6 ,4 8 2 .501 .0 6 .76 4 .7 4 .............................................. 2 .7 6 Gross income received during the year, $350,294.46. Rates on Investments and Loans (Average on All, 5.31%). Real estate loans (average rate, 5.50 per cent.): 4% , $26,500; 5% , $205,100; 5 M % , $3,375,313; 6% , $248,350. Personal loans (average rate, 6.01 per cent.): 4J4%, $3,000; 4 M % , $9,950; 5 % , $100; 6 % , $1,317,178.50; 6 M % , $100,000; 6 M % , $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.43 per cent.): 3% , $70,000; 314%, $279,700; 4% , $159,750; 4 M % . $704,950; 4 M % , $342,000; 4 % % , $20,000; 4.95% , $15,000; 5% , $272,000; 5.05% , $10,000; 5.30% , $10,000; 5 M % , $25,000; 6% , $105,000; 8% , $5,400; 10%, $5,400. Number of loans not over $3,000 each, 699, amounting to $1,098,125. 93 real estate loans made during year, amounting to $336,800. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2}4% Number of deposits during year, 25,259, amounting to .. $123,292 19 141,275 62 1,724,134 84 Number of withdrawals during year, 13,624, amounting to $1,988,702 65 1,616,676 83 N et increase in amount due depositors $372,025 82 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. $125,000 U. S. Certs, of Indebt. 4M b 38,700 United States 3Ms 250 United States 4s 704,950 United States 4 Ms 5.000 Massachusetts 3Ms 10.000 Attleboro 3Ms 5.000 Bridgeport, Ct., 4s 5.000 Chicago, 111., 4s 20.000 Fort Wayne, Ind., 3Ms 15.000 Lawrence 4s 2.000 Los Angeles, Cal., 4M® 10.000 New Britain, Ct., 4s 5.000 New London, Ct., 4s 10.000 Oakland, Cal., 4Ms 60.000 Portland, Ore., 6s 2,500 Quincy 4s 14.000 San Francisco, Cal., 5s 16.000 Seattle, Wash., 5s Public Funds, Notes. $10,000 Attleboro 4J4ÍS 10.000 Cambridge 5.05% 15.000 Gloucester 4.95% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $5,000 New Bedford 4J^s 10.000 Framingham 5.30% 5.000 Gardner 4 Ms 5.000 Methuen 4s 25.000 No. Andover 5Ms Railroad Bonds. $25,000 Baltimore & Ohio 4s 50.000 Baltimore & Ohio 4Ms 50.000 Baltimore & Ohio 5s 60.000 Bangor & Aroostook 5s 15.000 Boston & Albany 3Mis 20.000 Boston & Maine 3Ms 10.000 Boston & Maine 4s 35.000 Boston & Maine 4Ms 40.000 C., B. & Q. 3Ms 35.000 C„ B. & Q. 4s 25.000 Chic., Mil. & St. Paul 4M s 25.000 Chic., Mil. & St. Paul 5s 26.000 Cleveland & Pitts. 3Ms 10.000 Concord & Montreal 4s 15.000 Connecticut River 3Ms 10.000 Erie & Pitts. 3Ms 10.000 Fitchburg 3Ms Par Value. $5,000 Fitchburg 4s 70.000 Illinois Central 3s 25.000 Louisville & Nashville 5s 19(000 Louisville & Nashville 6s 35.000 Maine Central 4Ms 7.000 Maine Central 5s 5.000 M. Cent. & E. & N. A. 4s 30.000 Mil., Lake Shore & West. 6s 75.000 Minn., St. P. & Sit. St. M. 5s 2.000 N. Y. C. & H. R. 4s 25.000 N. Y., N. H. & H. 3Ms 55.000 Pennsylvania 4Ms 5.000 Pensacola & Atlantic 6s 25.000 Peoria & Northw. 3Ms 5.000 Ports., G. F. & C. 4Ms 20.000 Princeton & Northwest. 3Ms Bank Stocks. Shs. 20 Fourth-Atlantic Nl. Bk., Boston 25 Merchants Nl. Bk., Boston 29 Nl. Shawmut Bk., Boston 22 Webster & Atlas Nl. Bk., Boston 12 Bay State Nl. Bk., Lawrence / [Pub. Doc. REPO RT OF TH E 178 LEE SAVINGS BANK, LEE. M A IN STREET. Incorporated March 5, 1852. B e n n e t t T . G a l e , President. Number of corporators, 36; number of trustees, 11. E d w a r d S. R o g e r s , Treasurer. J a m e s A . R ic e , Clerk o f the Corporation. Board o f Trustees: W . C. B e n t o n , J. F. D e e l t , B. T . G a l e , C . E . H ib b a r d , T h o m a s N o r t o n , J. A . R ic e , M . T . R o b b in s , E . S. R o g e r s , C . H . S h a t l o h , A . C . S p a r k s , A . T . T r e a d w a y . Board o f Investment: Auditing Committee: B . T . G a l e , C . H . Sh a y l o r , T h o m a s N o r t o n . B. T . G a l e , W . C. B enton , A . C. Sp ar k s. Deposits draw interest from first day of March, June, September and December; dividends are pay able June 1 and December 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12.30 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . .* . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. b o n d s ......................................................................................................... Stocks of banks and trust companies . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . . 389 loans on real estate (average o f each, $2,872.88) . . . . . . . 54 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $19,000; assessed value, $9,600) . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . $205,650 497,941 92,300 28,130 128,300 1,350 922,834 174,928 16,500 113 45,388 4,365 00 25 00 00 00 00 96 97 00 00 46 99 T otal A s s e t s .......................................... $2,117,802 G3 Liabilities. Due depositors on 4,115 accounts, averaging $465.10 each . . . . . $1,913,909 98 (Accounts opened during year, 426; closed, Jfi4; increase, 21) Surplus; — a. Guaranty fund (4-91% of deposits; increase during year, $2,000) . b. Profit and loss (increase during year, $2,861.80) . . . . . Current income: — .. I n t e r e s t .................................................................................................................... . . . 94,000 00 83,006 30 26,886 35 T otal L ia b ilit ie s .......................................... $2,117,802 63 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 3 ,196.40 $4 ,5 0 3 .5 0 $ 8 0 0 .0 0 Cost per $1,000 of assets 1 .5 1 2 .1 3 .3 7 C ost per $1,000 of assets not including State tax and rent . Gross income received during the year, $94,618. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. $1 2 6 .3 2 .06 $ 1 ,296.25 .61 Total. $ 9 ,922.47 4 .6 8 2 .8 0 179 BANK COMMISSIONER. No. 8.] Bates on Investments and Loans (Average on All, 5.18%). Real estate loans (average rate, 5.53 per cent.): 5%, $199,075; 5M%> $470,722.50; 6%, $253,037.46. Personal loans (average rate, 5.85 per cent.): 5%, $14,423.97; 5M%. S I, 500 ; 5M % . $22,150; 6%, $136,855. Bonds, stocks, etc. (average rate on amounts invested, 4.72 per cent.): 3M % . $120,000; 4%, $424,500; 4M % , $56,250; 4M % , $77,900; 4M %. $10,000; 5%, $122,000; 5M % . $1,000; 5M % . $12,000; 6%, $25,700; 7%, $9,000; 7M % , $11,600; 8%, $12,500; 9%, $2,700; 10%, $28,200; 12%, $7,100; 20%, $9,000; 24%, $3,300; 26%, $500. Number of loans not over $3,000 each, 365, amounting to $383,046.93. 33 real estate loans made during year, amounting to $89,775. ✓ Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: N ov., 1917, 2% M ay, 1918, 2 M % Number of deposits during year, 3,309, amounting to $35,948 05 40,796 69 272,223 78 • $348,968 52 297,433 06 Number of withdrawals during year, 2,898, amounting to $51,535 46 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $15,000 U. S. Certs. of Indebt. 4M b 52.000 United States 4}£s 5.000 Norfolk County 5s 5.000 Boston 4s 10.000 Chicago, 111., 4s 5.000 Cleveland, O., 5s 5.000 Lawrence 4s 5.000 Los Angeles, Cal., 4 Ms 10.000 San Francisco, Cal., 5s 3,500 Great Barrington 4s 5.000 Manchester, Conn., 4s 5.000 Kittery, Me. (W. D.), 5s Public Funds, Notes. $43,000 Lee 4s 2.000 Lee 4Ms 10,000 Lee 4%s 5.000 Lee 5s 5.000 Lee 5Ms 2.000 Otis 5s 1.000 Otis 5Ms 3.000 Otis 5Ms 900 Tyringham 4Ms 2.000 Tyringham 5Ms 4,250 Lee (F. D.) 4Ms 2.000 Lee (F. D.) 5Ms Par Value. $10,000 Boston & Maine 4s 15.000 Boston & Maine 4M& 20.000 C., B. & Q. 3Ms 35.000 C., B. & Q. 4s 5.000 Chic., Mil. & St. Paul 4Ms 10.000 Chic., Mil. & St. Paul 5s 5.000 Chic. & Northw. 4s 15.000 Chicago, R. I. & Pacific 4s 20.000 Concord & Montreal 4s 10.000 Delaware & Hudson 4s 10.000 Fitchburg 3Ms 10.000 Fitchburg 4s 5.000 Fitchburg 4Ms 40.000 Illinois Central 3Ms 25.000 Illinois Central 4s 10.000 Louisville & Nashville 4s 5.000 Louisville & Nashville 6s 15.000 Mil., L. S. & W. 5s 10.000 N. Y. C. & H. R. 3Ms 5.000 N. Y. C. & H. R. 4s 10.000 N. Y., Lack. & West. 6s 10.000 N. Y„ N. H. & H. 3Ms 40.000 N. Y., N. H. & H. 4s 20.000 No. Maine Seaport 5s 5.000 No. Pacific 4Ms 25.000 Old Colony 4s 5.000 Pennsylvania 4Ms 10.000 Providence Terminal Co. 4s 10.000 Sioux City & Pacific 3Ms 5.000 Southern Pacific 4s 15.000 Western Pennsylvania 4s Railroad Bonds. $10,000 Bangor & Aroostook 5s 10.000 Baltimore & Ohio 3Ms 5.000 Baltimore & Ohio 5s 10.000 Beech Creek 4s 10.000 Boston & Albany 3M s 10.000 Boston & Albany 4s 5.000 Boston & Albany 5s 10.000 Boston & Lowell 4Ms https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. $20,000 Boston Elevated 4s 5.000 Boston Elevated 4M s 5.000 Boston Elevated 5s 10,000 Boston & Northern 4s 5.000 Holyoke 5s Par Value. $15,000 Hoosac Valley 4s 10.000 Lynn & Boston 5s 5.000 Old Colony 4s 10.000 West End 4s 5.000 West End 5s 5.000 Worcester Consol. 4Ms Bank Stocks. Shs. 40 First Nl. Bk., Amherst 5 American Trust Co., Boston 15 Fourth-Atlantic Nl. Bk., Boston 40 First Nl. Bk., Boston 35 Merchants Nl. Bk., Boston 39 Nl. Shawmut Bk., Boston 12 Nl. Union Bk., Boston 26 Old Colony Trust Co., Boston 50 Second Nl. Bk., Boston 40 Webster & Atlas Nl. Bk., Boston 10 Nl. Mahaiwe Bk., Gt. Barrington 18 City Nl. Bk., Holyoke 116 Lee Nl. Bk. 45 Leominster Nat. Bk. 34 No. Adams Nl. Bk. 33 Agricultural Nl. Bk., Pittsfield 90 Pittsfield Nl. Bk. 15 Third Nl. Bk., Pittsfield 50 Chapin Nl. Bk., Springfield 72 Chicopee Nl. Bk., Springfield 60 Springfield Nl. Bk. 51 Third Nl. Bk., Springfield 15 Housatonic Nl. Bk., Stockbridge 30 Merchants Nl. Bk., Worcester [Pub. Doc, REPO RT OF THE 180 LEICESTER SAVINGS BANK, LEICESTER. M AIN STREET. Incorporated April 17, 1869. Number of corporators, 40; number of trustees, 13. A l e x a n d e r M c N e is h , Clerk of the Corporation. Board of Trustees: A . B. D a v id s o n , A . F. E st a b r o o k , B. A . G ib s o n , C o r n e l iu s L e a f l a n g , A l e x a n d e r M c N e is h , C . T . M u n r o e , C. E . P e r r y , F. L . P o w e r s , W . E . Sp r a g u e , E d w a r d W a r r e n , S. G . W a r r e n , W a lter W a r r e n , W . C . W atson . Board of Investment: A . B . D a v id s o n , W . C . W a t s o n , A . F. E st a b r o o k , S. G . W a r r e n , B. A . G ib s o n , W . E . Spr a g u e , C . T . M u n r o e . Auditing Committee: W . C. W a t s o n , W a l t e r W a r r e n , F. L . P o w e r s . Deposits draw interest from first day of March, June, September and December; dividends are pay able June 1 and December 1. Business hours: 9 a .m . to 1 p .m .; 2 to 4 p .m .; Saturdays, 9 a .m . to 1 P.M. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . . 277 loans on real estate {average of each, $Z,108.58) . . . . . . . 9 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $9,000; assessed value, $5,500) . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h .................................................................................................................................................................. $178,710 00 201,121 25 35,120 00 17,870 00 7,625 00 340 00 584,077 08 22,521 00 6,000 00 137 49 8,660 40 5,146 70 T otal A s s e t s ..........................................$1,067,328 92 ■ Liabilities. Due depositors on 1,930 accounts, averaging $490.32 each . . . . . $946,332 02 (Accounts opened during year, 148; closed, 109; increase, S9) Surplus: — a. Guaranty fund (5% of deposits; increase during year, $995.15) b. Profit and loss {increase during year, $2,781.91) . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . $21,988 31 1,559 62 ------------------------. . . . 47,366 31 10,003 90 20,428 69 43,198 00 T otal L ia b ilit ie s .......................................... $1,067,328 92 181 BAN K COMMISSIONER, No. 8.] •i T otal Expenses for the Tear, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $1 3 0 .8 0 .12 $ 1,029.85 .96 $4,822.89 4 .4 9 2 .7 7 Amount paid for $ 1,460.49 $1 ,8 1 1 .7 5 $4 0 0 .0 0 C ost per $1,000 of assets 1 .3 5 1 .6 9 .37 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $48,810.62. Rates on Investments and Loans (Average on All, 5.15%). Real estate loans (average rate, 5.94 per cent.): 5% , $32,580; 5 )4 % , $4,000; 6% , $547,497.08. Personal loans (average rate, 6 per cent.): 6% , $22,521. Bonds, stocks, etc. (average rate on amounts invested, 4.06 per cent.): 3% , $5,000; 3 )4 % , $131,000; 4 % , $161,000; 4 )4 % , $90,710; 4 )4 % , $20,000; 5% , $30,000; 6% , $400; 8% , $2,800; 10%, $2,500. Number of loans not over $3,000 each, 230, amounting to $278,864. 3 real estate loans made during year, amounting to $4,100. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Dec., 1917, 2 % . . . . . June, 1 9 1 8 , 2 % ............................................... Number of deposits during year, 768, amounting to . . . . . . Number of withdrawals during year, 862, amounting to N et increase in amount due depositors . . . . . . . . . . . . . . $18,460 16 18,585 34 79,210 84 $116,256 34 114,900 81 $1,355 53 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $5,000 U. S. Certs, of Indebt. 4)4» 5.000 United States 3)4s 90,710 United States 4)4s 5.000 Brockton 4s 5.000 Fall River 4s 15.000 Middletown, Ct., 3)4s 15.000 New Bedford 4s 10.000 Saginaw, Mich., 4s 5.000 No. Attleborough 4s 10.000 Westborough 3)4s 10.000 Kennebec, Me. (W. D.), 3)4s 3.000 Leicester (W. D.) 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $15,000 Baltimore & Ohio 4)4s 10.000 Bangor & Aroostook 5s 8.000 Boston & Albany 3)4s 33.000 Boston & Maine 4s 15.000 Boyer Valley 3)4s 20.000 0., B. & Q. 3)4s 5.000 C., B. & Q. 4s 3.000 Erie & Pittsburgh 3)4s 5.000 Illinois Central 3s 30.000 Illinois Central 3)4s 15.000 N. Y., N. H. & H. 3)4s 14.000 N. Y „ N. H. & H. 4s 20.000 No. Maine Seaport 5s 5.000 Old Colony 4s 5.000 Upper Coos 4s Street Railway Bonds. Par Value. $10,000 Boston Elevated 4s 11.000 Boston & Northern 4s 5.000 Springfield 4s 10.000 West End 4s Bank Stocks. Shs. 10 Commonwealth Tr. Co., Boston 15 Webster & Atlas Nl. Bk., Boston 3 Milbury Nl. Bk. 25 Merchants Nl. Bk., Worcester 182 REPO RT OF THE [Pub. Doc, LENOX SAVINGS BANK, LENOX. W ALKER STREET. Incorporated April 4, 1890. Number of corporators, 29; number of trustees, 14. L e o n a r d C . P e t e r s , President. M u r r a y A . B r o w n , Clerk o f the Corporation. C h a r l e s M . S e a r s , Treasurer. E m m a B u l l , Assistant Treasurer. Board of Trustees: H . A . B e l d e n , G . F. B o u r n e , M . A . B r o w n , W . L. B u l l , W . G . C l if f o r d , B. N . D u c l o s , E . P. H a l e , W il l ia m M a h a n n a , E d w a r d L. H . P e t e r s , E . E . P a r s o n s , M . R . S e d g w ic k . M c D o n a l d , G. A . M o l e , L. C. P e t e r s , Board of Investment: G . F. B o u r n e , H . A . B e l d e n , W . L. B u l l , L. H . P e t e r s , W . G . C l if f o r d . Auditing Committee: L. C . P e t e r s , G. F. B o u r n e , G. A . M ole. Deposits draw interest from first day of January, April, July and October; dividends are payable first Tuesday of January and July. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 201 loans on real estate (average of each, $3,088.21) 19 loans on personal security . . . Furniture and fixtures . . . . . . Liberty Loan Bonds, balance due from subscribers Deposits in national banks or trust companies Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . « . . . . . . . . . . . . 849,574 194,479 63,908 19,108 62,120 619,727 67,772 5,677 1,055 10,266 1,712 00 00 00 00 00 11 00 55 00 96 77 Total A s s e t s .......................................... $1,095,400 39 Liabilities. Due depositors on 2,286 accounts, averaging $455.89 each CAccounts opened during year, 219; closed, 221; decrease, 2) Surplus: — a. Guaranty fund (3.07% of deposits; increase during year, $2,595.17) . b. Profit and loss (increase during year, $3,487.61 ) . . . . . . Current income: — I n t e r e s t .......................................................... ........... . . $6,901 14 Less current expenses not charged off . . . . 1,881 59 Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $1,042,182 34 32,028 42 14,744 46 5,019 55 693 62 732 00 Total L ia b ilit ie s ...........................................$1,095,400 39 183 BAN K COMMISSIONER, No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Am ount paid for $1,490.47 $ 2 ,165.00 $6 0 0 .0 0 $ 6 7 .2 4 $ 1,180.35 Cost per $1,000 of assets 1 .3 6 1 .9 7 .54 .0 6 1 .0 7 Cost per $1,000 of assets not including State tax and r e n t .......................................................... Total. $ 5,503.06 5 .0 0 ^ ' lu Gross income received during the year, $52,056.96. Rates on Investments and Loans (Average on All, 6.43%). Real estate loans (average rate, 5.96 per cent.): 5% , $21,253.11; 5H %> $5,750; 6% , $592,724. Personal loans (average rate, 6.19 per cent.): 5% , $1,922; 6 % , $45,850; 6J^%, $10,000; 7% , $10,000. Bonds, stocks, etc. (average rate on amounts invested, 4.45 per cent.): 3 H % . $82,000; 4% , $112,000; 4 M % , $22,150; 4 H % , $35,000; 5% , $78,000; 6% , $ 7,000; 7% , $3,400; 8% , $15,700; 10% , $9,800; 12% , $2,500; 24% , $2,000. Number of loans not over $3,000 each, 104, amounting to $142,621. 5 real estate loans made during year, amounting to $11,550. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% . July, 1918, 2 % . Number of deposits during year, 1,975, amounting to $20,032 62 20,182 61 141,797 87 Number of withdrawals during year, 1,432, amounting to $182,013 10 177,912 57 $4,100 53 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $22,150 United States 4Ms 16,000 Boston 4s 5.000 Kittery, Me. (W. D.), 5s 5.000 Van Buren, Me. (W. D .), 4s Par Value. $62,000 Illinois Central 3Hs 15.000 N. Y., N. H. & H. 3Hs 20.000 N. Y., N. H. & H. 4s 20.000 No. Maine Seaport 5s 5,000 Washington Co. 3Ms Street Railway Bonds. Railroad Bonds. $5,000 Baltimore & Ohio 4Ms 36.000 Bangor & Aroostook 5s 10.000 Boston & Albany 4s 20.000 Boston & Maine 4M8 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $5,000 Boston Elevated 4s 10.000 Boston Elevated 4Hs 30.000 Boston & Northern 4s 17.000 Citizens Electric 5s 5,000 Old Colony 4s Bank Stocks. Shs. 57 Lee Nl. Bk. 80 Lenox Nl. Bk. 60 North Adams Nl. Bk. 15 First Nl. Bk., Northampton 20 Agricultural Nl. Bk., Pittsfield 19 Pittsfield Nl. Bk. 10 Chapin Nl. Bk., Springfield 14 Chicopee Nl. Bk., Springfield 24 Third Nl. Bk., Springfield 50 Springfield Nl. Bk. 25 Springfield S. D. & T. Co. 20 First Nl. Bk., Winchendon 10 Mechanics Nl. Bk., Worcester 184 REPO RT OF THE [Pub. Doc. LEOMINSTER SAVINGS BANK, LEOMINSTER. 12 M AIN STREET. Incorporated March 16, 1865. Number of corporators, 34; number of trustees, 15. E v e r e t t B . R ic h a r d s o n , Clerk o f the Corporation. rd of Trustees: E . F Board F.. B l o d g e t t , M . C . D a m o n , W . G . D e r b y , F F.. S. F arn a r nst sw orth , A. H . H a ll , W . H . H a r r is o n , C . H . H o w e , C . A . J o s l in , C l esso n K e n n e y , E . B . E K in g m a n , H a m il t o n M a y o , D . C . N ic k e r s o n , E . B . R ic h a r d s o n , H . R . S m it h , F . A . W h i t n e y . Board o f Investment: C l esso n K e n n e y , A . H . H a l l , H a m il t o n M a y o , D . C . N ic k e r s o n , W . G . D e r b y . Auditing Committee: A . H . H a l l , E . B . K in g m a n , F. S. F a r n s w o r t h . Deposits draw interest from first day of January, April, July and October; dividends are payable January 10 and July 10. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel & Tel. C o. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 935 loans on real estate (average o f each, S3,096.68) . . . . . . 78 loans on personal security . . . . . . . . . Bank building and fixtures (.estimated value, $80,000; assessed value, $60,790) Real estate by foreclosure, etc. (assessed value, $$,165) . . . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . T otal Assets . . . . . . . . . . . . . , . . . $1,056,975 231,075 30,000 23,381 21,000 1,960,352 502,764 75,950 5,842 131,808 4,947 30 00 00 25 00 67 00 45 78 42 03 . $4,044,096 90 Liabilities. Due depositors on 8,535 accounts, averaging $441.92 each . . . . . $3,771,834 38 (Accounts opened during year, 834; closed, 867; decrease, 88) Surplus; — o. Guaranty fund (4-98% o f deposits; increase during year, $7,000) . . . b. Profit and loss (increase during year, $7,359.80) . . . . . . Current income; — a. Interest . . . . . . . $59,511 27 b. R ent . . . . . . . 546 91 ------------------------$60,058 18 Less current expenses not charged off . . $7,075 27 Less State or local taxes not charged off . . 2,388 74 ------------------------9,464 01 ------------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities 188,000 00 33,668 35 50,594 17 . $4,044,096 90 No. 8.] BANK COMMISSIONER, 185 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $4,5 8 9 .0 5 $6,7 5 2 .0 0 $ 2 ,0 0 0 .0 0 G ost per $1,000 of assets 1 .1 3 1 .6 7 .4 9 C ost per $1,000 of assets not including State tax and rent . $ 8 .0 0 . . Other Expenses. Total. $ 1,544.85 .38 . . $14,893 .90 3 .6 7 2 .0 5 . Gross income received during the year, $180,226.66. Rates on Investments and Loans (Average on All, 4.71%). Real estate loans (average rate, 5.01 per cent.): 4 % , $17,000; 4 M % . $77,000; 5% , $1,743,827.67; 5 M % , $98,600; 6% , $23,925. Personal loans (average rate, 5.20 per cent.): 5% , $402,054; 6% , $100,710. Bonds, stocks, etc. (average rate on amounts invested, 4.10 per cent.): 3M %, $343,000; 3M % . $30,000; 3o/io%, $4,650; 4%, $713,000; 4M%, $115,800; 4M%, $111,000; 4% % . $7,900; 5%, $14,000; 5M % , $6,000; 5M%, $5,000; 8%, $15,000; 16%, $8,000. Number of loans not over $3,000 each, 862, amounting to $1,137,761.67. 59 real estate loans made during year, amounting to $131,810. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Number of deposits during year, 8,566, amounting to $71,925 80 72,005 14 636,178 03 $780,108 97 728,798 75 Number of withdrawals during year, 7,602, amounting to N et increase in amount due depositors . . . . . . . . $51,310 22 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 U. S. Certs, of Indebt. 4Ms 90.000 United States 4Ms 60.000 Massachusetts 4s 25.000 Bristol Co. 4s 10.000 Beverly 4s 40.000 Boston 3Ms 10.000 Boston 4s 26.000 Cambridge 3Ms 20.000 Cambridge 4s 18.000 Chelsea 4s 15.000 Chicago, 111., 4s 10.000 Chicopee 4s 25.000 Chicopee 4Ms 20.000 Cleveland, 0., 4Ms 12.000 Everett 4s 10.000 Fall River 4s 10.000 Fitchburg 4s 12.000 Holyoke 4s 18.000 Lawrence 4s 30.000 Lowell 4Ms 58.000 Lynn 4s 30.000 Malden 4s 37.000 New Bedford 4s 15.000 Newton 4s 13.000 North Adams 4s 10.000 Pittsfield 4s 15.000 Providence, R. I., 3/ 2s 25.000 Salem 4s 3,000 Somerville 3Ms https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $11,000 Somerville 4s 20.000 Springfield 3Ms 10.000 Springfield 4Ms 25.000 Springfield 4s 5.000 Syracuse, N. Y., 4s 8.000 Troy, N. Y., 3Ms 10.000 Waltham 4s 25.000 Worcester 3Ms 35.000 Worcester 4s 1 8 .0 0 0 A t h o l 4 s 8.000 Belmont 4s 12.000 Brookline 4s 30.000 Leominster Z%s 1.000 Leominster 4s 6.000 Peabody 4s 7.000 Revere 4s 4,650 Sterling 3.90 800 Sterling 4Ms 3,900 Sterling 4Ms 20.000 Stoneham 3Ms 3.000 Watertown 4s Railroad Bonds. Par Value. $15,000 Boston & Albany 3Ms 30.000 Boston & Albany 4s 15.000 Boston & Maine 3Ms 25.000 Boston & Maine 4s 1.000 Boston & Maine 4Ms 10.000 C., B. & Q. 3Ms 20.000 Concord & Montreal 4s 11.000 Connecticut River 3Ms 25.000 Fitchburg 3Ms 3.000 Fitchburg 4s 30.000 Illinois Central 3Ms 15.000 N. Y. Cent. & H. R. 4s 20.000 N. Y „ N. H. & H. 3Ms 10.000 N. Y„ N. H. & H. 4s 6.000 Old Colony 4s Street Railway Bonds. $20,000 Boston Elevated 4s 10,000 West End 5s Public Funds, Notes. $55,000 Leominster 3Ms 5.000 Methuen 3Ms 4.000 Sterling 4%s 4.000 Sterling 5s 6.000 Sterling 5Ms 5.000 Sterling 5Ms Bank Stocks. Shs. 150 Leominster Nl, Bk. 80 Safety Fund Nl. Bk., Fitchburg 186 REPO RT OF THE [Pub. Doc. LEXINGTON SAVINGS BANK, LEXINGTON. 440 MASSACHUSETTS AVENUE. Incorporated March 11, 1871. Number of corporators, 48; number of trustees, 25. C h a h l e s B . D a v i s , President. E d w in B . W o r t h e n , Treasurer. W a l t e r C . B a l l a r d , Clerk of the Corporation. Board of Trustees: W . C. B a l l a r d , G . E . B r ig g s , J. E . C r o n e , L. L. C r o n e , C . B. D a v i s , E . F . F o b e s , W . B. F o s t e r , E . S. K e l l e y , C . H . M il e s , J. E . A . M u l l ik e n , H . S. O . N ic h o l s , J. L. N o r r is , F . D . P e ir c e , J. F . R u s s e l l , G . A . S k e l t o n , J. S. S m it h , J. W . S m it h , G . W . S p a u l d in g , G . E . S t o n e , E . W . T a y l o r , A . B . T e n n e y , H . C . V a l e n t in e , J. J. W a l s h , A . C . W h i t n e y , E . B . W orthen. Board of Investment: C . B . D a v i s , J. E . C r o n e , F . D . P e ir c e , G . W . S p a u l d in g , J. S. S m it h , G . E . B r ig g s . Auditing Committee: H . S. O. N ic h o l s , A . C. W h i t n e y , G . E . S t o n e . Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of April and October. Business hours: every business day, except Saturdays, 2 to 5 p .m .; Saturdays, 10 a .m . to 12 m ., 7 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . 130 loans on real estate (average o f each, $2,614-10) . . . . . . . 12 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $38,000; assessed value, $29,950 ) . . Real estate by foreclosure, etc. (assessed value, $400 ) . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h .................................................................................................................................................................... T otal Assets . . . . . $152,050 175,533 75,157 13,268 339,834 34,500 28,800 207 23,026 2,864 00 65 50 75 00 00 00 44 77 73 $845,242 84 Liabilities. D ue depositors on 2,406 accounts, averaging $314.15 each . $755,846 41 (Accounts opened during year, ¡¡76; closed, 178; increase, 98) Surplus: — a. Guaranty fund (5.16% of deposits; increase during year, none) b. Profit and loss (increase during year, $1,214.24) . . . Current income: — o. Interest . . . . . . $3,481 99 b. Rent . . . . . . . 22 50 ------------------------Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds School savings system . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . 39,000 00 9,100 12 $3,504 49 394 32 3,110 17 38,117 97 68 17 T otal L ia b ilitie s ........................................... $845,242 84 187 BAN K COMMISSIONER No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Kent. Amount paid for $ 1 ,509.81 $2,0 1 8 .6 8 $ 5 00 .00 Cost per $1,000 of assets 1 .7 9 2 .3 9 .59 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $ 1 2 7 .8 0 .15 $ 1 ,225.90 1 .4 5 $ 5,382.19 6 .3 7 3 .9 9 Gross income received during the year, $37,S99.85. Rates on Investments and Loans (Average on All, 5%). Real estate loans (average rate, 5.68 per cent.): 5 % , $99,284; 5)#% , $19,450; 6% , $218,100; 6)£% , $3,000. Personal loans (average rate, 6.28 per cent.): 6% , $3,700; 6)4% , $25,000; 6)4% , $5,000; 7% , $800. Bonds , stocks, etc. (average rate on amounts invested, 4.34 per cent.): 3% , $5,000; 3)4% , $18,500; 4% , $169,000; 4)4% , $86,550; 4)4% , $95,000; 5% , $37,000; 7% , $10,000. Number of loans not over $3,000 each, 102, amounting to $150,160. 4 real estate loans made during year, amounting to $8,300. Dividends, Deposits and W ithdraw als. Ordinary dividends declared daring year: April, 1918, 2% Oct., 1918, 2% Number of deposits during year, 4,977, amounting to $14,839 49 14,756 71 130,770 24 Number of withdrawals during year, 1,887, amounting to $160,366 44 174,205 98 $13,839 54 N et decrease in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 U. S. Certs, of Indebt. 4J4s 3,500 United States 3)4s 86,550 United States 4)£s 5.000 Massachusetts 3s 10.000 Massachusetts 4s 10.000 Fall River 4)4s 10.000 Lawrence 4s 5.000 Melrose 4s 4.000 Wellesley 4s 8.000 Kittery, Me. (W. D.), 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $10,000 Aroostook Northern 5s 5.000 Baltimore & Ohio 4)4s 10.000 Bangor & Aroostook 5s 2.000 Boston & Albany 4s 9.000 Boston & Albany 5s 5.000 Boston & Maine 4s 25.000 Boston & Maine 4)4s 24.000 C., B. & Q. 4s 5.000 Concord & Montreal 4s 5.000 Connecticut River 3)4s 5.000 Conn. & Pass. Rivers 4s 10.000 N. Y „ N. H. & H. 3)4s Par Value. $30,000 N. Y., N. H. & H. 4s 15.000 Maine Central 4)4s 10.000 No. Maine Seaport 5s 7,000 Old Colony 4s Street Railway Bonds. $10,000 Boston Elevated 4s 10.000 Boston Elevated 4)4s 22.000 Boston & Northern 4s 15.000 Springfield 4s 10.000 West End 7s 10.000 Worcester Cons. 4)^s [Pub. Doc. REPO RT OF THE 188 LINCOLN SAVINGS BANK, BOSTON. 1111 COLUMBUS AVENUE. Incorporated November 5, 1915. Number of corporators, 76; number of trustees, 29. J a m e s W . C o l g a n , President. H e n b y S. O b m s b y , Clerk o f the Corporation. J o s e p h E n g e l , Treasurer. F r e d e r ic k W . K l e m m , Vice-Treasurer. Board o f Trustees: W . H . A t k i n s , S im o n B a r n a e d , F r e d e r ic k B l e il e r , A . A . B r o w n , W . A . C a m p G . E . C o l e , W . S. C o l e , J. W . C o l g a n , A . W . E n g e l , J o s e p h E n g e l , A . E . G l a d w in , J. T . H o s f o r d , T . F. H u n t , B . A . K a is e r , F. W . K l e m m , O sc a r L e f e v r e , A . E . L e w i s , C h a r l e s L if f l e r , C h a r l e s L i f f l e r , Jr., G . P . M a c L e l l a n , J. C . M cC o r m ic k , W . J. M c G a f f e e , G . W . M a c w h a , H . S. O r m s b y , E . L. R u e t e r , F. W . R u g g , W . F . Sa w y e r , T h o m as S p r o u l e s , C o r n e l iu s V a n d e r P y l . bell, Board of Investment: F. W . R u g g , S im o n B a r n a r d , W . S. C o l e , O sc a r L e f e v r e , C h a r l e s L if f l e b , G . P. M a c L e l l a n , C o r n e l iu s V a n d e r P y l . * Auditing Committee: A . A . B row n , G . E . C ole. Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 12 m .; also Saturdays, 5 to 8 p .m ., for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. C o. bonds . . . . 22 loans on real estate (average o f each, $2,681.81) . 1 loan on personal security . . . . . Deposits in national banks or trust companies . Cash . .' . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • - $5,374 43 33,963 75 7,738 75 1,840 00 56,800 00 550 00 7,195 68 1,277 09 T otal A s s e t s ...........................................$114,739 70 Liabilities. D ue depositors on 467 accounts, averaging $241.59 each . . . . . . $112,826 00 ( Accounts opened during year, 212; closed, 122; increase, 90) Surplus: — a. Guaranty fund (.62% o f deposits; increase during year, $4-71.86) b. Profit and loss (increase during year, $864-48) . . . Current income: — Interest . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . 699 86 374 06 839 78 T otal L ia b i lit i e s ...........................................$114,739 70 * One vacancy. No. 8.] BANK COMMISSIONER. 189 Total Expenses for the Year, including State Taxes. State Tax (Net). Am ount paid for $ 2 0 5 .3 5 Cost per $1,000 of assets 1 .7 8 Salaries. - Rent. - Advertising. - Other Expenses. - Total. $205.35 1.7 8 Gross income received during the year, $4,575.94. Rates on Investments and Loans (Average on All, 4.94%). Real estate loans (average rate, 5.21 per cent.): 5% , $40,200; 5 A % , $8,500; 6% , $8,100. personal loans (average rate, 5 per cent.): 5% , $550. Bonds, stocks, etc. (average rate on amounts invested, 4.63 per cent.): 3A%< $200; 4% , $24,250; 4 K % , $12,000; 5% , $15,000. Number of loans not over $3,000 each, 16, amounting to $31,650. 4 real estate loans made during year, amounting to $10,600. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 % Number of deposits during year, 1,363, amounting to . . . . . . . ............................................... . . . . $1,509 02 1,737 82 57,661 93 . . . . . . $60,908 77 33,253 04 i . . . . . . $27,655 73 Number of withdrawals during year, 592, amounting to N et increase in amount due depositors . SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $200 United States 3V£s 250 United States 4s 5.000 Fall River 4s Railroad Bonds. $2,000 Baltimore & Ohio 4s 2.000 Baltimore & Ohio 4A s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $4,000 Baltimore & Ohio 5s 1.000 Chic., Burl. & Quincy 4s 2.000 Chic., Mil. & St. Paul 4s 3.000 Chic., Mil. & St. Paul 5s 3.000 Illinois Central 4s 3.000 James., Frank. & Clearfield 4s 4.000 Minn., St. P. & Sit. St. M. 4s 4.000 N. Y. C. & H. R. 4 ^ s Par Value. $2,000 Portland Terminal Co. 4s 6,000 Pennsylvania 4A.S Street Railway Bonds. $5,000 Boston Elevated 5s 3,000 West End 5s 190 REPO RT OF THE [Pub. Doc. LOWELL FIVE CENT SAVINGS BANK, LOWELL. 107 M ER RIM AC K STREET. f Greenhalge Gram m ar School. Branch Offices ■: Riverside Gram m ar School. [ Colburn Training School. Incorporated April 12, 1854. Number of corporators, 4 6 ; number of trustees, 18. C h a r l e s L. K n a p p , Clerk of the Corporation. Board of Trustees: C . A . A b b o t t , C . E . B a r t l e t t , A . K . C h a d w ic k , T . T . C l a r k , F. E . D u n b a r , C . L. K n a p p , J. A . L e g a r e , G . S. M o t l e y , F r a n k l in N o u r s e , F. P . P u t n a m , C . W . R u s s e l l , A . T . S a f f o r d , W . S. S o u t h w o r t h , S. H . T h o m p so n , J. C . W a d l e ig h , R . A. W e n t w o r t h , H . H . W i l d e r , W . F. W i l d e r . Board of Investment: C . A . A b b o t t , A . K . C h a d w ic k , F. E . D u n b a r , A . T . S a f f o r d , S. H . T h o m p so n , W . F . W il d e r . Auditing Committee: F. P. P u t n a m , A . T . S a f f o r d , C . W . R u s s e l l . Deposits draw interest from first Saturday in January, April, July and October; dividends are payable M onday following first Saturday of January and July. Business hours: 9 a .m . to 1 p .m .; also Saturdays, from 7 to 9 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 829 loans on real estate {average o f each, $4,781,16) . Less amount due on uncompleted loans . . . . . . . . . . . . . . $3,922,631 98 . . . 500 00 ------------------------64 loans on personal security . . . . . . . . . . Bank building and fixtures {estimated value, $75,000; assessed value, $105,800) . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . . . . . $692,567 00 1,261,846 25 252,587 50 122,675 00 44,600 00 3,922,131 98 1,173,278 62 40,000 00 123,258 26 7,348 66 . $7,640,293 27 Liabilities. D ue depositors on 24,423 accounts, averaging $286.91 each . . . . . $7,007,121 11 {Accounts opened during year, 4,874; closed, 8,848; increase, 481) Surplus: — a. Guaranty fund {4-87% o f deposits: increase during year, $18,600) . . . h. Profit and loss {increase during year, $4,892.51) . . . . . . Current income: — o. Interest . . . . . . . . . . $145,590 39 b. R e n t ......................................................................................................... 1,210 94 ------------------------Deposits or installments received on sales of Liberty Loan Bonds . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 341,500 00 140,482 83 146,801 33 4,388 00 . $7,640,293 27 191 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $5 ,0 1 8 .5 6 .66 . . $ 3 5,631 .44 4 .6 7 2 .9 0 Am ount paid for $10,511 .31 $16,6 9 7 .9 7 $ 3 ,0 0 0 .0 0 $ 4 0 3 .6 0 C ost per $1,000 of assets 1 .3 8 2 .1 9 .3 9 .0 5 C ost per $1,000 of assets not including State tax and rent . . . . Gross income received during the year, $368,192.56. Kates on Investments and Loans (Average on All, 5.35%). Beal estate loans (average rate, 5.69 per cent.): 4 H % , $45,000; 4 % % , $30,000; 5% , $711,205; 5 H % . $805,600; 6% , $2,330,326.98. Personalloans (averagerate, 6 .0 3 per cent.): 5% , $1,887.87; 5J^%, $4,801.65; 6% , $1,096,589.10; 6J^%, $70,000. Bonds, stocks, etc. (average rate on amounts invested, 4.46 per cent.): 3 )^ % , $255,000; 4% , $1,103,950; 4 yx % , $315,650; 4 K % , $347,000; 5% , $275,000; 5.40% , $20,000; 5 ^ % , $15,200; 6% , $53,000; 7 % , $20,000; 8% , $6,600; 9% , $4,000; 10% , $20,000; 12% , $1,000; 20% , $2,500. Number of loans not over $3,000 each, 634, amounting to $797,257.12. 49 real estate loans made during year, amounting to $135,000. Dividends, Deposits and Withdrawals. $124,114 90 141,779 14 1,677,577 51 Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 M % Number of deposits during year, 47,714, amounting to Number of withdrawals during year, 19,761, amounting to N et increase in amount due depositors . . . . . . . . . $1,943,471 55 1,503,073 24 . . . $440,398 31 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $100,000 U. S. Certs, of Indebt. 4J^s 1,650 United States 4s 315,650 United States 4)^s 10.000 California, State of, 4s 10.000 Akron, 0 ., 5M>s 18.000 Brockton 4s 10.000 Canton, 0 ., 5s 10.000 Duluth, Minn., 4Hs 8,300 Easthampton 4s 10.000 Lawrence 4s 3.000 Lowell 4s 5.000 Lynn 4s 15.000 Mineapolis, Minn., 4s 6.000 New Bedford 4s 10.000 Portland, Ore., 4s 10.000 Portland, Ore., 6s 8.000 Salem 4s 8.000 San Francisco, Cal., 5s 10.000 Spokane, Wash., 4s 6.000 Taunton 4s 10.000 Toledo, O., 4 ^ s Public Funds, Notes. $20,000 40.000 10.000 20.000 25.000 Plymouth Co. 5s Brockton 5s Melrose 5s Reading 5.40% Somerville 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. Railroad Bonds. $90,000 N. Y „ N. H. & H. 4s Par Value. 25.000 N. Y. C. & H. R. 3^ 8 $10,000 Allegheny Valley 4s 25.000 Norwich & Wore. 4s 20.000 Baltimore & Ohio 4Ms 47.000 Pennsylvania 4K s 30.000 Baltimore & Ohio 5s 25.000 Port. & Ogdens. 4J^s 50.000 Boston & Albany 3Ks 75.000 Portland Terminal Co. 4s 25.000 Boston & Albany 4s 20.000 San Fran. & San J. Val. 5s 50.000 Boston & Maine 3J^s 10.000 Sioux City and Pac. 3Hs 50.000 Boston & Maine 4s 20.000 Boston & Maine 4Ks 50.000 C., B. & Q. 3y2a Street Railway Bonds. 95.000 C., B. & Q. 4s $75,000 Boston Elevated 4s 20.000 Chicago, Mil. & St. Paul 4s 45.000 Boston Elevated 4J^s 30.000 Chicago, Mil. & St. Paul 5s 50.000 Boston & Northern 4s 25.000 Chic., R. I. & Pacific 4s 10.000 Holyoke 5s 85.000 Chic. & Northwestern 4s 10.000 Old Colony 4s 10.000 Chic. & Northwestern 5s 10.000 Springfield St. Ry. 4s 25.000 Concord & Montreal 4s 40.000 Fitchburg 4s 20.000 West End 7s 40.000 Worcester Con. 4Ks 13.000 Fre., Elk. & Mo. Valley 6s 25.000 Illinois Central 3J^s 100,000 Illinois Central 4s Bank Stocks. 40.000 Louisville & Nashville 5s Shs. 25.000 Louisville & Nashville 6s 52 Boylston Nl. Bk., Boston 30.000 Maine Central 4J^s 10 Merchants Nl. Bk., Boston 20.000 Michigan Central 3Hs 200 Nl. Shawmut Bk., Boston 25.000 Minn. & Iowa 3}4s 30.000 Minn., St. P. & Sit. St. M. 4s 40 Nl. Union Bk., Boston 20.000 Minn., St. P. & Sit. St. M. 5s 25 Second Nl. Bk., Boston 66 Union Nl. Bk., Lowell 10.000 Minn., Sit. St. M. & At. 4s 20 Wamesit Nl. Bk., Lowell 5,000 N. Y., L. & W . 6s 192 [Pub. Doc. REPO RT OF THE LOWELL INSTITUTION FOR SAVINGS, LOWELL. 18 SHATTUCK STREET. Branch Office: Incorporated February 20, 1829,: W estford. Number of corporators, 38; number of trustees, 13. F r e d e r ic A . F is h e r , President. E d w a r d B . C a r n e y , Treasurer. J o sep h L . C u s h in g , Clerk o f the Corporation. Board o f Trustees: J. C . A b b o t t , G e o r g e B o w e r s , J. A . C a m e r o n , E . B . C a r n e y , M ic h a e l C o l l in s ,. J. L. C u s h in g , H a r r y D u n l a p , F . A . F is h e r , C . H . H o b s o n , J. A . H u n n e w e l l , R . F. M a r d e n , E . H . S c r ib n e r , R . P . W h i t e . Board o f Investment: G e o r g e B o w e r s , E . H . S c r ib n e r , H a r r y D u n l a p , C . H . H o b s o n , E . B . C a r n e y . Auditing Committee: J. L . C u s h in g , M ic h a e l C o l l in s , R . F. M a r d e n . Deposits draw interest from first Saturday of February, M a y , August and November; dividends are payable the M onday after the first Saturday of M a y and November. Business hours: 9 a .m . to 1 p .m .; also Saturdays, 7 to 9 p .m . STATEMENT OE CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . . Stocks of banks and trust companies . . . . . . . . 584 loans on real estate (average o f each, $9,008.71) . . . . . . 24 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $59,970; assessed value, $59,970) Real estate by foreclosure, etc. {assessed value, $189,750) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . W ar savings stamps and thrift stamps . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T otal Assets . . . . . $876,745 65 1,679,522 35 488,017 40 96,753 30 134,838 75 59,700 00 5,261,088 00 221,460 00 36,944 67 153,735 89 4,112 52 340 20 241,754 54 9,755 03 . . . . • . . • . . . . . . . . $9,264,768 30 . . . . . $8,424,480 94 . 421,224 00 416,002 17 Liabilities. Due depositors on 16,043 accounts, averaging $525.12 each (Accounts opened during year, 8,147; closed, 1,986; increase, 161) Surplus: — a. Guaranty fund (5% of deposits; increase during year, $8,985) . b. Profit and loss (increase during year, $36,684.68) . . . Current income: — Interest . . . . . 3,061 19 T otal L ia b i lit i e s ...........................................$9,264,768 30 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 1 1,381 .95 $15,6 8 2 .9 9 $ 8 0 0 .0 0 Cost per $1,000 of assets 1 .2 3 1 .6 9 .0 9 C ost per $1,000 of assets not including State tax and rent . Gross income received during the year, $424,368.20. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. $ 5 7 5 .2 4 .0 6 . . Other Expenses. $ 7 ,8 3 7 .4 7 .8 5 . . . Total. $3 6 ,2 7 7 .6 5 3 .9 2 2.60? 193 BANK COMMISSIONER. No. R a te s o n I n v e stm e n ts a n d L oa n s (A verage o n A ll, 5.08%). Real estate loans (average rate, 5.43 per cent.): 4J^%, $573,000; 5% , $2,022,705; 5 )^ % , $208,150; 6 % , $2,457,233. Personal loans (average rate, 5.77 per cent.): 5% , $47,710; 6 % , $173,750. Bonds, stocks, etc. (average rate on amounts invested, 4.47 per cent.): 3 }^ % , $125,700; 4% , $1,750,400; 4 M % . $520,000; 4 3^%, $570,000; 4 M % , $13,000; 5% , $392,116; 5 ^ % , $3,000; 6 % , $3,000; 8 % , $8,900; 10% , $500; 12% , $47,300. Number of loans not over $3,000 each, 327, amounting to $465,979. 25 real estate loans made during year, amounting to $636,387. D iv id en ds, D ep osits a n d W ith d raw als. Ordinary dividends declared during year: N ov., 1917, 2 % M ay, 1918, 2 M Number of deposits during year, 26,456, amounting to . . . . . . % ............................................... . . . . Number of withdrawals during year, 12,354, amounting to N et increase in amount due depositors . . . . . . . . . $1,473,509 75 1,295,008 08 . . $158,335 05 178,529 71 1,136,644 99 . $178,501 67 SCHEDULE OF S E C U R ITIE S OW N ED. Public Funds, Bonds. Par Value. $125,000 U. S. Certs, of Indebt. 4J^s 700 United States 3J^s 520,000 United States 4Ks 20.000 Massachusetts 3J^s 15.300 Massachusetts 4s 6,250 Brockton 4s 2.500 Brockton 4J^s 8,600 Canton, 0., 5s 2.000 Flint, Mich., 4J^s 2.500 Hamilton, 0., 4j4>s 4.000 Hamilton, 0 ., 5s 500 Lawrence 4s 14.300 Lowell 4s 8.000 Lynn 4s 11,250 Medford 4s 4.000 New Bedford 4s 3.000 Quincy 4s 14.000 Salem 4s 2.000 Taunton 4s 1,516 Youngstown, 0., 5s 5.000 Bourne 4%s 3.000 Franklin 4s 1.000 Gorham, N. H., 4s 14.000 Mansfield 4s 5,400 Mattapoisett 4s 6.500 Pepperell 4s 2.500 Plymouth 4s 10,400 Ware 4s 3.000 Bethlehem, N. H. (W. D.), 4s 6,800 No. Chelmsford (F. D.) 4s 4.500 N. Conway, N .H . (W .D .), 4s 9.000 W. & S. Acton (W. D.) 4s 17.000 Worthington (F. D.) 4s Public Funds, Notes. $1,000 Dracut 4s 500 Hardwick 4s 1.000 Stoughton 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $11,200 Tyngsborough 4s 8.000 Tyngsborough 4 ^ s 3.000 Tyngsborough 5Hs R a ilro a d B o n d s. Par Value. $17,000 Old Colony 4s 13.000 Pennsylvania 4}^s 16.000 Port. & Ogdens. 4)^s 3,000 Somerset 4s 10.000 St. Paul, Minn. & Man. 4s 22.0 0 0 Vermont Valley 4Hs 25.000 West Virginia & Pitts. 4s 15.000 Wore., Nash. & Roch. 4s $50,000 Atch., Top. & Santa F 6 4s 22.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4)^s 53.000 Baltimore & Ohio 5s 55.000 Bangor & Aroostook 5s 25.000 Beech Creek 4s Street R a ilw a y B o n d s. 24.000 Boston & Albany 5s 50.000 Boston & Lowell 4s $53,000 Boston Elevated 4s 29.000 Boston & Maine 4s 25.000 Boston Elevated 4}^s 58.000 Boston & Maine 4J-£s 62.000 Boston Elevated 5s 100.000 Boston, It. B. & Lynn 4)^s 102.000 Boston & Northern 4s 100.000 Carthage & Adirondack 4s 34.000 Lynn & Boston 5s 100.000 C., B. & Q. 4s 1.000 Marlboro & Westboro 5s 50.000 Chicago, Mil. & St. P. 4s 6.000 N. Bedford, Mid. & Brdck. 5s 50.000 Chicago, Mil. & St. P. 4Hs 45.000 Old Colony 4s 100.000 Chic. & North. 4s 1.000 Uxbridge & Blackstone 5s 35.000 Chic., R. I. & Pac. 4s 50.000 West End 4s 10.000 Concord & Montreal 4s 8.000 West End 4Ks 17.000 Conn. & Pass. Rivers 4s 10 0.000 West End 5s 25.000 Connecticut River 4s 1.000 Worcester Cons. 4)^s 20.000 Delaware & Hudson 4s 20.000 Wore. & Southbridge 4}^s 51.000 Fitchburg 4s 25.000 Fitchburg 4J^s 153.000 Illinois Central 4s 50.000 Lake Shore & Mich. So. 4s 25.000 Louisville & Nashville 4Jd>s 1,000 Maine Cen. & E. & N. A. 4s B a n k S to ck s. 50.000 Maine Central 4J^s Shs. 50.000 Minn., St. P. & Sit. St. M. 4s 473 Second Nl. Bk., Boston 22.000 N. Y. C. & H. R. 4s 5 Nl. Shawmut Bk., Boston 150.000 N. Y., N. H. & H. 4s 30 Old Lowell Nl. Bk., Lowell 42.000 No. Maine Seaport 5s 1 89 Union Nl. Bk., Lowell 194 R E PO R T OF TH E [Pub. Doc, LUDLOW SAVINGS BANK, LUDLOW. EAST STREET. Incorporated February 23, 1888. Number of corporators, 50; number of trustees, 23. F r e d e r ic k L. B u r r , President. F r a n k N . M o o r e , Treasurer. G e o r g e G . B e n n e t t , Clerk of the Corporation. Board of Trustees: G . G . B e n n e t t , C . S. B r o w n in g , F . L. B u r r , H . I. C a r v e r , A . P. C h a p m a n , W . G. D a v i s , E . E . F u l l e r , C . W . G o w e n , G . D . G r e e n , G . F. G u r n h a m , P . A . H o y t , F . L. H u n n , C . P . J o n e s , R o b e r t K y l e , M . H . L y o n s , F . N . M o o r e , H . W . M o r r il l , J. E . N il s s o n , A . S. P a c k a r d , C . E . Q u in b y , A l e x a n d e r R u x t o n , J. F . S h e a , F . A . T o w n e . Board of Investment: F . L. B u r r , G . D . G r e e n , M . H . L y o n s , A l e x a n d e r R u x t o n , C . W . G o w e n . Auditing Committee: C . E . Q u in b y , W . G . D a v i s , J. E . N il s s o n , G . F. G u r n h a m . Deposits draw interest from first day of January, April, July and October; dividends are payable April 10 and October 10. Business hours: 9 a .m . to 12 m .; 1 to 3 p .m .; Saturdays, 9 a .m . to 12 m .; also Wednesdays and Fridays, 7 to 9 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 261 loans on real estate (average of each, $2,817.57) . 1 0 loans on personal security . . . . Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . . . $227,050 76,731 18,100 15,540 . . . 00 25 00 00 1,100 00 . . . . . . . . . . . . . . . . T otal Assets . . . . . 578,786 9,014 9 55 32,723 2,112 . . . . . . . . . . . . . . 55 68 10 00 37 95 $961,222 90 L ia b ilitie s . Due depositors on 2,315 accounts, averaging $389.35 each (Accounts opened during year, 444/ closed, 558; decrease, 114) Surplus: • — a. Guaranty fund (2.80% o f deposits; increase during year, $3,814-46) . b. Profit and loss (increase during year, $2,881.05) . . . . . Current income: — Interest account, etc. . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . . $901,348 19 25,232 09 23,374 51 $797 59 368 47 — . . 429 12 10,838 99 $961,222 90 195 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Total. Other Expenses. $ 5 ,632.46 5 .6 1 4 .7 6 Am ount paid for $ 7 9 9 .9 3 $ 2 ,612.80 $2 4 6 .0 0 $ 8 .0 0 $ 1 ,965.73 C ost per $1,000 of assets .8 3 2 .7 1 .0 2 .01 2 .0 4 C ost per $1,000 of assets not including State tax and rent ........................................................... Gross income received during the year, $43,717.66. Rates on Investments and Loans (Average on All, 5.08%). Real estate loans (average rate, 5.53 per cent.): 5H % > $541,830.05; 6 % , $36,956.50. Personal loans (average rate, 5.60 per cent.): 5 )^ % , $7,164.68; 6 % , $1,850. Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cent.): 3 )^ % , $85,300; 4% , $56,600; 4 K % . $87,150; 4 ^ % , $60,000; 5% , $29,100; 5 M % . $25,000. Number of loans not over $3,000 each, 217, amounting to $258,251.23. 2 real estate loans made during year, amounting to $1,600. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 Oct., 1918, 2 Number of deposits during year, 3,660, amounting to % % . Number of withdrawals during year, 2,274, amounting t N et increase in amount due depositors . . . o . ...............................................$16,059 93 ............................................... 16,118 19 . . . 245,990 25 ............................................... . . . . $278,168 37 209,219 87 . $68,948 50 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $60,000 U. S. Certs, of Indebt. 4Ms 13,300 United States 3J^s 8,600 United States 4s 87,150 United States 4)4b 12.000 Massachusetts 3Ks 10.000 Massachusetts 4s 11.000 Athol 4s Public Funds, Notes. $25,000 Ludlow 5)^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. Railroad Bonds. Par Value. $5,000 Boston & Albany 4s 5.000 Boston & N. Y. Air Line 4s 5.000 G , B. & Q. 3Hs 5.000 Chic., Mil. & St. P. 3)4a 10 .0 0 0 Fitchburg 3Hs 15.000 Illinois Central 3}4a 15.000 N. Y. C. & H. R. 3 ^ s 5.000 N. Y „ N. H. & H. 3Ks 10.000 No. Maine Seaport 5s 5.000 Washington Co. 3}4 b / Par Value. $6,100 Holyoke 5s 2,000 Lynn & Boston 5s 10,000 West End 5s Bank Stocks. Shs. 10 City Nl. Bk., Holyoke 196 REPO RT OF THE [Pub. Doc. LYNN FIVE CENTS SAVINGS BANK, LYNN. 112 M A R K E T ST R E E T . Incorporated M a y 15, 1855. Number of corporators, 67; number of trustees, 28. R o l l in E . H a k m o n , President. H e n r y E . N e w h a l l , Treasurer. S a m u e l H . H o l l is , Clerk o f the Corporation. Board o f Trustees: H . H . A t h e r t o n , G . R . B e a r d s e l l , H . N . B e r r y , C . B . B r e e d , E . F. B r e e d , M . P. C l o u g h , A . M . C r e ig h t o n , C. A . C r o s s , J. F. E d so n , T . W . G a r d in e r , C . S. G r o v e r , R . E . H a r m o n , C . E . H a r w o o d , W . S. H i x o n , S. J. H o l l is , S. H . H o l l is , W . G . K e e n e , T . A . K e l l y , J. W . K im b a l l , P. F. M u n s e y , H . E . N e w h a l l , H . W . N e w h a l l , R . E . R a m sd e l l , C . E . R o l f e , C . S. S a n b o r n , C . F. S m it h , H . F. T a p l e y , J oh n W o o d b u r y . Board o f Investment: Auditing Committee: R . E . H a r m o n , S. J. H o l l is , H . F . T a p l e y , J oh n W o o d b u r y . C . A . C r o s s , J. F. E d so n , C . B . B r e e d , C . F. S m it h , R . E . R a m s d e l l . Deposits draw interest from first day of January, April, July and October, if received not later than the last day of the month preceding these dates; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 1 p .m .; also Saturdays, from 3 to 6 p .m . STA T E M E N T OF C O N D ITIO N , O C T O B E R 31, 1918. A ssets. Public funds, bonds and notes . . . . Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . Securities acquired in settlement of indebtedness . 993 loans on real estate (average of each, $2,694.05) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . $1,518,957 1,687,054 575,486 \ 700 26,222 1,400 20,118 84 91 25 00 50 00 58 2,675,196 1,121,267 57,147 34,388 1,672 24 89,885 28,140 17 82 23 52 84 45 09 44 . . . . . . . . . $2,682,556 80 7,360 63 . . . . . 73 loans on personal security Bank building and fixtures (estimated value, $50,000; assessed value, $79,000) Real estate by foreclosure, etc. (assessed value, $40,050) Taxes, insurance, etc., paid on mortgaged properties Advertising lost pass books . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . . Total Assets . . . . . $7,837,662 64 L ia b ilitie s . Due depositors on 26,049 accounts, averaging $269.71 each . . . . . CAccounts opened during year, 2,848; closed, 3,676; decrease, 828 ) Surplus: — а. Guaranty fund (5.02% of deposits; increase during year, $4,508.22 ) . б . Profit and loss (increase during year, $10,203.73 ) . . . . . . Current income: — I n t e r e s t .........................................................................................................$76,755 12 Less current expenses not charged off . . $8,562 73 Less rent account, debit balance . . . 1,033 93 ------------------------9,596 6 6 $7,025,907 82 353,153 53 390,765 04 67,158 46 267 06 410 73 Interest, partial payments Interest on mortgages held as collateral . T otal Liabilities . . . . . $7,837,662 64 T o t a l E xpenses f o r t h e Y ea r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Am ount paid for $ 1 4,970 .75 $18,565 .58 $ 2 ,576.00 Cost per $1,000 of assets 1 .9 1 2 .3 6 .32 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $367,754.50. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. $5 4 .4 6 .01 Other Expenses. Total. $ 7 ,2 4 9 .7 7 .9 2 $ 4 3,416 .56 5 .5 2 3 .2 9 BANK COMMISSIONER. No. 8.] 197 Rates on Investments and Loans (Average on All, 4.98%). Real estate loans (average rate, 5.44 per cent.): 5% , $602,002.46; 5 )^ % , $1,774,062.61; 6 % , $299,131.10. Personal loans (average rate, 6.09 per cent.): 5}4% , $146,100; 5 M % , $21,712.17; 6 % , $629,530.58; 6 M % , $114,532.98; 63^%, $101,500; 6 M % , $24,137.50; 7% , $83,754.59. Bonds, stocks, etc. (average rate on amounts invested, 4.24 per cent.): 3% , $20,000; 3%>%, $623,000; 3M % - $20,600; 4% , $1,151,700; 4 M % , $633,000; 4 ^ % , $845,525; 5% , $507,900; 5.10% , $25,000; 5.15% , $18,000; 5VS%, $10,000; 5 M % , $5,000; 5.35% , $5,000; 5.45% , $15,000; 5 Y % , $15,000; 6 % , $9,000; 7% , $25,000. Number of loans not over $3,000 each, 778, amounting to $1,121,689.28. 98 real estate loans made during year, amounting to $209,550. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 % Number of deposits during year, 30,007, amounting to $134,196 38 134,855 67 1,303,860 93 $1,572,912 98 1,550,033 99 Number of withdrawals during year, 23,382, amounting to N et increase in amount due depositors $22,878 99 SCHEDULE OF S E C U R ITIE S OW N ED. Public Funds, Bonds. Par Value. $100,000 United States 3 ^ s 550,000 United States 4}4s 75.000 L. L. Bond Coupons 21.000 Massachusetts 3V¿s 4.000 Allegheny, Pa., 4s 16.000 Attleborough 4s 6.000 Beverly 4s 15.000 Boston 3}/£s 20.000 Boston 4s 4.000 Brockton 4s 24.000 Brockton 4)4s 12.0 0 0 Chelsea 3 ^ s 7.000 Chelsea 4s 6.000 Chicopee 4s 20.000 Fall River 3J^s 5.000 Fall River 4s 2.000 Gloucester 4s 5.000 Haverhill 4s 5.000 Holyoke 3)/£s 30.000 Holyoke 4s 1.000 Joliet, 111., 5s 7.000 Lawrence 4s 3.000 Lynn 3V¿s 8.000 Lynn 4s 2.000 Marblehead 4s 2.000 Melrose 4s 45.000 New Bedford 4s 15.000 North Adams 4s 10.000 Norwich, Conn., 3j4¡s 8.000 Springfield 3Hs 5.000 Youngstown, 0-, 5s 3.000 Adams 4s 10.000 Amesbury 4s 7,500 Belmont 4s 10.000 Franklin 4s 31,700 Holbrook 4s 5,850 Longmeadow 4s 12.000 Mansfield 4s 6.000 Peabody 4s 17,600 Plymouth 4s 20.000 Revere 4s 1,200 Russell 4s 4.000 Reading 4s 5.000 So. Hadley 4s 7,800 Tisbury 4s 5.000 Wellesley 4s 19.000 Westfield 4s 4.000 Whitman 4s 18.000 Winchester 4s 7.000 Blandford (F. D.) 4s 22.000 Deerfield (F. D.) 4s 750 Greenfield (F. D.) 4s 2.000 Greenfield (F. D.) 4Ys 12.000 Hadley (W. S. D.) 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $5,000 Mansfield (W. S. D.) 5.45% 6.000 So. Hadley (F. D.) 4s 22.000 W. Groton (W. S. D.) 4s Public Funds, Notes. $1,000 Bristol Co. 4J^s 5.000 Plymouth Co. 4s 500 Barnstable 4s 3.000 Billerica 4Ys 10.000 Billerica 5.45% 10.000 Brookfield 4s 9.000 Chicopee 4Ys 4.000 Easthampton 5.000 Gloucester 5s 5.000 Gloucester 5Ys 3.000 Holbrook 5.15% 18.000 Hull 4s 5.000 Hull 5.10% 6.000 Ipswich 4s 5.000 Mansfield 5.35% 10.000 Marblehead 5y$s 5.000 Methuen 5.15% 600 Merrimac 4s 10.000 Nantucket 5s 10.000 Peabody 5!dos 5.000 Quincy 5h£s 38.000 Revere 4s 10.000 Revere 5.15% 10.000 Revere 5}^s 6.000 Salisbury 4s 6.000 Scituate 4s 16,600 Swampscott 10.000 Swampscott 5.10% 3.000 Walpole 4s 2.000 Ware 4s Railroad Bonds. $17,000 Aroostook Northern 5s 47.000 Atch., Top. & Santa Fe 4s 124.000 Bangor & Aroostook 5s 149.000 Baltimore & Ohio 3J^s 11.000 Baltimore & Ohio 4s 47.000 Baltimore & Ohio 4)^s 110.000 Baltimore & Ohio 5s 5.000 Boston & Albany 4s 14.000 Boston & Albany 5s 25.000 Boston & Lowell 4s 5.000 Boston & Maine 3J^s 13.000 Boston & Maine 4s 4.000 Boston & Maine 4%s 2.000 Boston & N. Y. Air Line 4s 14.000 Boston, R. B. & Lynn 4}is 90.000 C., B. & Q. zy2s 21.000 C., B. & Q. 4s 9.000 Chic., Mil. & St. Paul 4s $200J)0OChic., Mil. & St. Paul 4 ^ s 12.000 Chic., Mil. & St. Paul 5 s 10.000 Chic. & Northwest. 4s 20.000 Chic. & Northwest. 5s 9.000 Chic. & Northwest. 6s 5.000 Chic., R. I. & Pac. 4s 3.000 Connecticut River 3Ys 41.000 Concord & Montreal 4s 52.000 Fitchburg 4s 1.000 Fitchburg 5s 5.000 Great Northern 4%s 20.000 Illinois Central 3s 50.000 Illinois Central 3J^s 29.000 Illinois Central 4s 5.000 Lake Shore & Mich. So. 4s 25.000 Louisville & Nashville 4s 165.000 Maine Central 4J^s 7.000 Maine Central 5s 25.000 Michigan Central 4s 5.000 Minn., St. P. & S. St. M. 5s 20.000 N. Y. C. & H. R. 3>£s 43.000 N. Y. C. & H. R. 4s 86.000 N. Y„ N. H. & H. 3Ys 144.000 N. Y„ N. H. & H. 4s 1.000 Northern Pacific 4Ks 25.000 Old Colony 3>^s 5.000 Pennsylvania 4Ys 1.000 Ports., Gt. Falls & Con. 4 ^ s 5.000 Portland & Ogdensburg 4J^s 19.000 Upper Coos 4s 20.000 Vermont Valley 4 Y S treet R a ilw a y B o n d s. $11,000 Boston Elevated 4s 277.000 Boston Elevated 4Ys 18.000 Boston Elevated 5s 28.000 Boston & Northern 4s 41,500 Holyoke St. Ry. 5s 7.000 Lowell, Law. & Hav. 5s 84.000 Lynn & Boston 5s 6.000 Marlboro & Westboro 5s 2.000 N. B., Mid. & Brockton 5s 6.000 Milford, Hoi. & Fram. 7s 2.000 Old Colony 4s 10.000 West End 4s 42.000 West End 4}4s 18.000 West End 5s 19.000 West End 7s 3.000 Western Mass. 5s 1.000 Worcester & Clinton 5s 3.000 Worcester & Southbr. 4Ys B a n k S to ck s. Shs. 14 Boylston Nl. Bk., Boston 198 REPO RT OF THE [Pub. Doc. LYNN INSTITUTION FOR SAVINGS, LYNN. 25 EXCHANGE STREET. Incorporated June 20, 1826. Number of corporators, 54; number of trustees, 30. C harles A . C ollins, President. Joseph D . A . H ealey, Clerk of the Corporation. F rederick L. B ubier, Treasurer. H. M orris K elley, Assistant Treasurer. J. M . Barry , J. S. Bartlett, C . N . B reed , G . H . B reed, G . W . B reed, W . M . B reed , F. L. B ubier, C . A . C ollins, W . C. F ish, J. F. Hannan , C . H . H astings, J. D . A. H ealey, B. N . Johnson, W . W . Johnson, H . M . K elley, F. W . K imball, C . I. L indsey, J. R . M artin , H . R. M ayo , J. B. N ewhall, B. F. P each , A . W . P inkham, C . S. P urinton, B. F. Spinney, F. C . Spinney, G . E . Sprague, H . B. Sprague, C . E . W ilson, F. A . W ilson, C. G. Board o f Trustees: WOO D BRID G E. Board of Investment: C. A . C ollins, C . H . H astings, C . S. P urinton, B . F . Spinney, H . B . Sprague, C . G . W OODBR IDGE. Auditing Committee: F . W . K imball, F. C. Spinney , J. B . N ewhall. Deposits draw interest from first day of February, M ay, August and November; dividends are pay able M a y 15 and November 15. Business hours: 8.30 a .m. to 1 p .m.; also Saturdays, 2.30 to 5.30 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . Securities acquired in settlement of indebtedness . 1,041 loans on real estate (average of each, $3,290.18) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,425,681 62 600 00 8 8 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $60,000; assessed value, $44,560) Real estate by foreclosure, etc. (assessed value, $56,450) . . . . W ar savings stamps and thrift stamps . . . . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . Total Assets $1,588,706 2,095,217 238,550 134,535 169,061 115,300 25,000 10 00 00 50 25 00 00 3,425,081 1,615,467 40,000 29,861 1,448 403,893 49,903 62 50 00 76 17 56 01 . . . . . $9,932,025 47 . . . . . $8,826,043 47 . 441,302 443,035 9 819 22,232 91 189,500 Liabilities. D ue depositors on 20,480 accounts, averaging $430.96 each (Accounts opened during year, 2,424; closed, 1,994; increase, 430) Surplus: — a. Guaranty fund (5% o f deposits; increase during year, $4,216) . . . h. Profit and loss (increase during year, $32,253.33) . . . . . Unearned discount . . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . R ent account . . . . . . . . . . . . Reserved for dividends/ . . . . . . • i . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . 00 89 78 39 94 00 T otal L ia b ilitie s .......................................... $9,932,025 47 BAN K COMMISSIONER No. 8.] 199 T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. $ 8 44 .27 .09 Am ount paid for $19,494 .66 $17,245 .82 $ 2,650.00 C ost per $1,000 of assets 1 .9 6 1 .7 4 .2 7 Cost per $1,000 of assets not including State tax and rent . Other Expenses. $8 ,0 1 4 .5 8 .81 Total. $ 4 8,249 .33 4 .8 7 2 .6 4 Gross income received during the year, $467,216.06. Rates on Investments and Loans (Average on All, 5.36%). Real estate loans (average rate, 5.46 per cent.): 4 }4% , $25,000; 5% , $220,350; 5 $ 2 , 9 7 6 , 8 3 1 . 6 2 ; 6 % , $186,600. Personal loans (average rate, 6 per cent.): 4 M%> $900; 5/4%, $1,000; 6 % , $1,613,567.50. Bonds, stocks, etc. (average rate on amounts invested, 5.04 per cent.): 3% , $17,000; 3.44% , $37,000; 3J^%, $745,550; 3.60% , $6,500; 4% , $1,246,000; 4 H % , $1,017,900; 4 )^ % , $809,500; 5% , $418,000; 5 % % , $50,000; 5 ]4% , $27,000; 6 % , $412,000; 7% , $15,000; 8 % , $21,300; 10% , $71,500; 12% , $15,000; 16%, $7,500. Number of loans not over $3,000 each, 782, amounting to $1,318,882.67. 43 real estate loans made during year, amounting to $144,250. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: N ov. 1917, 2 % . . . . . M ay, 1918, 2 % ............................................... Extra dividends declared during year: N ov., 1917, M % . . . . . M a y , 1918, M % ............................................... Number of deposits during year, 24,332, amounting to . . . . . Number of withdrawals during year, 20,650, amounting to N et increase in amount due depositors . . . . . . . . . . . $165,852 165,350 20,707 20,638 1,532,343 42 47 86 01 18 $1,904,891 94 1,695,547 19 . $209,344 75 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $280,000 U. S. Certs, of Indebt. 4]4 b 550 United States 3J4a 992,900 United States 4]4 b 10.000 Massachusetts 3s 225.000 Massachusetts 3 ) 4 b 110.000 Boston 4s 9.000 Brockton 4s 25.000 Brockton 4]4s 8.000 Cambridge 4s 60.000 Cleveland, 0 ., 4 Lis 27.000 Dayton, 0., 5)4 b 61.000 Fall River 4s 14.000 Gloucester 4s 36.000 Lynn 4s 57.000 New Bedford 4s 18.000 New Bedford 5s 4.000 Newton 4s 15.000 Oshkosh, Wis., 4}4s 15.000 Clinton 4s 25.000 Cumberland, R. I., 4s Public Funds, Notes. $25,000 New Bedford 5Ms 25.000 Framingham 5Lis 6,500 Swampscott 3.60% Railroad Bonds. $75,000 25.000 30.000 70.000 Baltimore & Ohio 3 ] 4 b Baltimore & Ohio 4s Bangor & Aroostook 5s Boston & Albany 3 } 4 b https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $32,000 Boston & Albany 4s 65.000 Boston & Albany 5s 30.000 Boston & Maine 4s 48.000 Boston & Maine 4J^s 20.000 Boston & Providence 6s 9.000 Boston, R. B. & Lynn 4}4 b 10.000 Central R.R. of N. J. 5s 128.000 C., B. & Q. 4s 50.000 Chic., Mil. & St. Paul 4}4s 78.000 Chic., Mil. & St. Paul 5s 55.000 Chic. & Northwestern 3J^s 20.000 Chic. & Northwestern 4s 50.000 Chic., St. P., M. & 0 . 6s 15.000 Cleveland & Pitts. 4}4s 50.000 Concord & Montreal 4s 25.000 Erie & Pittsburgh 3}4s 10.000 Fargo & Southern 6s 5.000 Fitchburg 4s 15.000 Fitchburg 4)4s 124.000 Fre., Elk. & Mo. V. 6s 25.000 Holyoke & Westfield 4)4s 7.000 Illinois Central 3s 77.000 Illinois Central 4s 57.000 Louisville & Nashville 5s 50.000 Louisville & Nashville 6s 30.000 Maine Central 4]4s 30.000 Michigan Central 3)4s 90.000 Michigan Central 5s 89.000 Mil., L. S. & West. 6s 25.000 Minn., St. P. & Sit. St. M. 4s 21.000 Montana Central 6s 25.000 New England 5s 75.000 N. Y. C. & H. R. 3 ^ s 50.000 N. Y. & N. E. Term. 4s Par Value. $25,000 N. Y., N. H. & H. 3V& 125,000 N. Y., N. H. & H. 4s 6,000 Norfolk & Western 6s 50.000 Northern Pacific 4}4s 55.000 Pennsylvania 4J4b 25.000 Peoria & Northw. 3}4s 50.000 Port. & Ogdens. 4}4s 22,500 Ports., Gt. Falls & C. 4L£s 10.000 St. J. & L. C. 5s 36.000 St. P., Minn. & Man. 4s 42.000 St. P., Minn. & Man. 6s 15.000 Troy & Boston 7s Street Railway Bonds. $50,000 Boston Elevated 4s 85.000 Boston Elevated 4}4b 20.000 Boston & Northern 4s. 50.000 West End 4s 35.000 West End 5s Bank Stocks.. Shs. 50 Beacon Trust Co., Boston 75 First Nl. Bk., Boston 25 Merchants Nl. Bk., Boston 100 Nl. Rockland Bk., Boston 223 Nl. Shawmut Bk., Boston 92 Nl. Union Bk., Boston 75 Second Nl. Bk., Boston 200 Central Nl. Bk., Lynn 213 Nl. City Bk., Lynn 100 Essex Trust Co., Lynn 200 REPO RT OF THE [Pub. Doc. MALDEN SAVINGS BANK, MALDEN. 48 PLEASANT STREET. Incorporated April 2, 1860. Number of corporators, 61; number of trustees, 17. E rskine F. B ickford, President. A lfred T. W inston, Clerk of the Corporation. F rancis A. Shove, Treasurer. M arcus B utler, Assistant Treasurer. E . F. B ickford, J. G . C handler, A . J. C hase , H erbert D amon, G. H . Graves, W . H. H astings, E . P. K imball, E . E . N eal , W . E . Piper , R. R. R obinson, W . D. Serrat, F. A. Shove, E . J. Stevens, E dwin T roland, A . W . W alker, Joseph W iggin, H . P. B allard. Board of Trustees: Board o f Investment: E . F. B ickford, J. G . C handler, A. J. C hase, E . J. Stevens, Joseph W iggin, W . D. Serrat. Auditing Committee: G . H . G raves, E . P. K imball, W . E . P iper . Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable the second Wednesday of April and October. Business hours: 8.30 a .m. to 1 p .m.; also Saturdays, for deposits only, 7 to 8.30 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . 4 . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,633 loans on real estate (average o f each, $2,697.84) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . ■ ■ ■ $4,405,872 50 . . . 300 0 0 ------------------------42 loans on personal security . . . . . . . . . . Bank building and fixtures ( estimated value, $40,000; assessed value, $33,600 ) . . Real estate by foreclosure, etc. (assessed value, $21,000) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . W a r savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . $2,096,430 00 967,601 00 255,591 00 25,000 00 68,975 00 31,800 00 4,405,572 50 996,070 00 37,834 64 13,096 26 357 20 50 00 146,844 33 5,863 22 . . . . . $9,051,085 15 . . . . . $8,125,009 30 Liabilities. Due depositors on 21,916 accounts, averaging $370.73 each (Accounts opened during year, 2,353; closed, 2,860; decrease, 507) Surplus: — a. Guaranty fund (5.01% of deposits; increase during year, $18,300) . . . b. Profit and loss (increase during year, $32,601.10) . . . . . . Current income: — Interest . . . . . . . . . . $14,894 58 Less current expenses paid and not charged off . . . 2,021 95 ------------------------Deposits or installments received on sales of Liberty Loan Bonds . . . . T otal Liabilities . . . . . 407,300 00 450,956 22 12,872 63 54,947 00 $9,051,085 15 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Amount paid for $ 9,107.09 $ 1 6,228 .10 $2,1 7 6 .0 2 $ 1 ,195.23 Cost per $1,000 of assets 1 .0 0 1 .7 9 .24 .13 Cost per $1,000 of assets not including State tax and rent . . . Other Expenses. Total. $ 3 ,565.67 $32,272.11 .39 3 .5 5 . . . 2 .3 1 d ro ss income received during the year, $467,256.81. Rates on Investments and Loans (Average on All, 5.15%). Real estate loans (average rate, 5.48 per cent.): 4 K % , $53,000; 4 M % . $174,000 ; 5% , $681,877.50; 5}4% , $1,800; 5)4% , $2,568,085; 6 % , $926,810. Personal loans (average rate, 6.03 per cent.): 5% , $170; 5J^%, $8,000; 6 % , $867,900; 6 J^%, $70,000; 6 >^%, $50,000. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis No. 8.] 201 BANK COMMISSIONER, Bonds, stocks, etc. (average rate on amounts invested, 4.46 per cent.): 3% , $14,000; 3b£%, $263,000; 3 % % , $25,000; 4% , $1,399,000; 4 M % , $328,900; 4.40% , $51,000; 4.46% , $50,000; 43^% , $646,600; 4.60% , $10,000; 4^g%, $20,000; 4.65% , $10,000; 4 % % , $17,500; 5% , $368,600; 5 M % , $20,000; 5.30% , $45,000; 5.40% , $45,000; 5)4% , $27,050; 5VS%, $25,000; 6 % , $96,000; 8 % , $13,600; 9 % , $1,500; 10%, $2,500; 1 2 ^ % , $3,200; 17)^% , $500; 20% , $10,500. Number of loans not over $3,000 each, 1,298, amounting to $2,210,225. 50 real estate loans made during year, amounting to $104,350. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year; April, 1918, 2 }4% Oct., 1918, 2J^% Number of deposits during year, 30,079, amounting to $174,012 57 193,702 69 1,238,964 57 . $1,606,679 83 1,556,233 59 Number of withdrawals during year, 22,359, amounting to N et increase in amount due depositors . . . . SC H E D U L E OP S E C U R IT IE S Public Funds, Bonds. P&r Villus. $330,000 U. S. Certs, of Indebt. 4b£s 293,900 United States 4J4s 18.000 Massachusetts 4s 14.000 Massachusetts 5s 25.500 Essex County 4s 10.000 Hampden County 4s 4.000 Middlesex County 4s 5.000 Norfolk County 4s 5.000 Akron, 0., 5s 2.000 Beverly 4s 64.000 Boston 4s 10.000 Bridgeport, Conn., 4J^s 18.000 Brockton 4s 2,250 Brockton 4)^s 1.000 Cambridge 3J£s 12.700 Cambridge 4s 14,600 Canton, 0., 5s 7,050 Canton, 0., 5b£s 15.000 Cleveland, 0., 4)^s 23.000 Dayton, 0., 5s 10.000 Everett 4s 4,100 Everett 4L£s 59.000 Fall River 4s 34.000 Fitchburg 4s 3.000 Gloucester 4s . 28,000 Holyoke 4s 15.000 Jersey City, N. J., 4)^s 10.000 Lorain, 0., 5s 16.700 Lowell 4s 8,750 Lowell 4)4s 13.000 Lynn 4s 9.000 Lynn 4)4s 1,0.00 Malden 3)^s 42.000 Malden 4s 4.000 Marlborough 4s 25.000 Milwaukee 5s 19.000 New Bedford 4s 17.500 North Adams 4s 9.000 Pittsfield 4J4>s 15.000 Portland, Ore., 6s 27.000 Quincy 4s 12 ,2 0 0 Revere 4s 7.000 Saginaw, Mich., 4s 27.000 Salem 4s 3.000 Sharon 4s 5.000 Somerville 3Jis 5.000 Somerville 4s 20.000 Somerville 4L£s 19.000 Springfield 4s 27.000 Springfield 4J^s 9.000 Taunton 4s 20.000 Toledo, 0., 4}4s 7.000 Waltham 4s 22.000 Waterbury, Conn., 4s 35.000 Worcester 4s 3.000 Agawam 4s 20.000 Arlington 4b£s 7.000 Belmont 4s 11.500 Bourne 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . $50,446 24 OWNED. Par Value. $17,500 Bourne 4%s 26.000 Brookline 4s 2,800 Clinton 4s 10.000 Dedham 4s 1.000 E. Bridgewater 4Ms 4.000 Franklin 4s 2.500 Great Barrington 4s 13.000 Greenfield 4J-|s 3.000 Methuen 4s 9.000 Orange 4s 16,200 Plymouth 4s 6.000 Rockport 4s 4.500 Saugus 4)^s 6.000 Stoneham 4s 2.000 Watertown 4b¿s 3.000 Winchester 4s 25.000 Winthrop 3%s 10.000 Wrentham 4s Public Funds, Notes. $35,000 Middlesex County 4s 8.000 Everett 4s 15.000 Lawrence 5s 35.000 Lawrence 5.40% 25.000 Lowell 5%s 50.000 Malden 4.46% 20.000 Medford 5.25% 20.000 Revere 4)^s 10.000 Revere 4.65% 4,500 Braintree 4s 10.000 Canton 5Ks 4.000 Carlisle 5s 6.000 Concord 4s 20.000 E. Bridgewater 5.30% 16.000 Easthampton 4s 11.000 Holbrook 4.40% 17,700 Hull 4s 2.000 Ipswich 4s 10.000 Manchester 5}^s 20.000 Mansfield 4.40% 16.000 Norwood 4s 6.000 Provincetown 4s 10.000 Randolph 4.60% 20.000 Rockland 4.40% 2.000 Salisbury 4s 2.000 Stoneham 4s 10.000 Stoneham 5%s 4,200 Ware 4s 25.000 Winchester 5.30% Railroad Bonds. $17,000 Atch., Top. & Santa F5 4s 25.000 Baltimore & Ohio 3)^s 30.000 Baltimore & Ohio 4s 15.000 Bangor & Aroostook 5s 70.000 Boston & Albany 4s 25.000 Boston & Albany 5s 14.000 Boston & Maine 3s Par Value. $23,000 Boston & Maine 4s 20.000 Boston & Maine 4)^s 15.000 Boston & Providence 6s 10.000 Boston, R. B. & Lynn 4)^8 50.000 C„ B. & Q. 3 ^ s 10.000 C., B. & Q. 4s 85.000 Chic., Mil. & St. Paul 5s 10.000 Chic., Mil. & St. Paul 6s 15.000 Chic. & Northw. 6 s 48.000 Chic. & Northw. 4s 30.000 Concord & Montreal 4s 15.000 Danbury & Norwalk 4s 25.000 Fre., Elk. & Mo. Val. 6s 25.000 Great Northern 4 A£s 31.000 Illinois Central 3}4s 20.000 Illinois Central 4s 5.000 Lake Shore & Mich. So. 4? 25.000 Maine Central 4J^s 15.000 Michigan Central 3}4s 11.000 Mil., Lake Shore & West. 6s 15.000 Minn., Sit. St. Marie & At. 4s 15.000 Monongahela River 5s 60.000 N. Y. Cent. & H. R. 3J^s 25.000 N. Y. Cent. & H. R. 4s 5.000 N. Y., Lack. & Western 6s 50.000 N. Y„ N. II. & H. 3J^s 30.000 N. Y„ N. H. & H. 4s 50.000 Old Colony 4s 25.000 Portland & Ogdensburg 4)^s 15.000 St. Paul, Minn. & Man. 43^s 25.000 Wore., Nash. & Roch. 4s Street Railway Bonds. $25,000 Boston & Northern 4s 13.000 East Middlesex 4s 20.000 Leom., Shirley & Ayer 5s 9.000 Low., Law. & Haverhill 5s 50.000 Lynn & Boston 5s 4.000 N. Bed., Mid. & Brock. 5s 25.000 Old Colony 4s 10.000 Springfield 4s 20.000 West End 4s 21.000 West End 4J^s 35.000 West End 5s 30.000 Worcester Con. 4J^s Bank Stocks. Shs. 105 First Nl. Bk., Boston 15 Fourth-Atlantic Nl. Bk., Boston 32 Merchants Nl. Bk., Boston 5 Nl. Rockland Bk., Boston 25 Nl. Shawmut Bk., Boston 10 Old Boston Nl. Bk., Boston 136 First Nl. Bk., Malden 202 REPO RT OF THE [Pub. Doc, MARBLEHEAD SAVINGS BANK, MARBLEHEAD. 153 W ASHINGTON STREET. Incorporated March 18, 1871. Number of corporators, 61; number of trustees, 18. John L. G ilbert, President. W illiam F. N utting, Treasurer. John G. B roughton, Clerk of the Corporation. W . E. B owden , R . C . B ridge, J. G. B roughton, W . A . B rown, F rank C ole, F. E. C onlt, J. L. G ilbert, W . J. G oldthwait, W . B. M erritt, W . F. N utting, E verett Paine , J. D . P aine , T . W . P aine , G irdler Stacey, H . S. Swetland, E. D . T utt, R ichard T utt, J. S. W ormstead. Board of Trustees: Board of Investment: J. L. G ilbert, E verett P aine , W . A . B rown, G irdler Stacey, E. D . T utt . Auditing Committee: J. L . G ilbert , J. G. B roughton, F rank C ole . Deposits draw interest from first day of February, M a y , August and November; dividends are pay able M a y 1 and November 1. Business hours: 8.30 a .m. to 1 p .m. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . Securities acquired in settlement of indebtedness . , . . . . . . 168 loans on real estate (average of each, $2,634-87 ) . . . . . . . 5 loans on personal security . . . . . . . . . . Bank building and fixtures ( estimated value, $10,000; assessed value, $2,800) . . Real estate by foreclosure, etc. (assessed value, $2,450) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h .................................................................................................................................................................. T otal Assets $148,500 74,471 56,599 3,800 6,000 425,775 71,550 7,200 3,520 28 17,442 2,270 00 25 00 00 00 00 00 00 28 42 68 27 . . . . . $817,156 90 . . . . . $737,918 04 Liabilities. Due depositors on 2,303 accounts, averaging $320.42 each (Accounts opened during year, 280; closed, 215; increase, 65) Surplus: — a. Guaranty fund {3.81% o f deposits; increase during year, $1,794-65) . b. Profit and loss {increase during year, $1,228.71) . . . . . Bills payable . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . 28,092 78 26,146 08 25,000 00 . $817,156 90 . . BANK COMMISSIONER, No. 8.] 203; T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Other Expenses. $5 1 1 .5 0 .62 $ 6 0 .0 0 .07 Am ount paid for $ 7 39 .89 $1,420.00 Cost per $1,000 of assets .90 1 .7 4 Cost per $1,000 of assets not including State tax and rent . Total. $2 ,7 3 1 .3 9 ' 3 .3 3 2 .4 3 Gross income received during the year, $34,967.35. Rates on Investments and Loans (Average on All, 5.06%). Real estate loans (average rate, 5.40 per cent.) : 5% , $120,800 ; 5]4% , $265,565; 6 % , $39,410. Personal loans (average rate, 4.95 per cent.): 5J^% , $4,000; 6 % , $55,400. Bonds, stocks, etc. (average rate on amounts invested, 4.57 per cent.); 4% , $146,500; 4J^% , $45,000;: 4J^%, $42,000; 5% , $52,000; 7% , $13,800. Number of loans not over $3,000 each, 143, amounting to $195,729. 8 real estate loans made during year, amounting to $17,690. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 % Oct., 1918, 2 M % Number of deposits during year, 2,095, amounting to . . • Number of withdrawals during year, 1,633, amounting to N et increase in amount due depositors . . . . . . . . . • . • . . . . • • . . . . . $13,656 37' 15,395 30 113,227 82 . $142,279 49 135,854 0 4 . $6,425 45. SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $45,000 United States 4J^s 13.000 Attleboro 4s 10.000 Boston 4s 13,500 Fall River 4s 7.000 Lawrence 4s 5.000 Lynn 4s 8.000 Marlboro 4s 15.000 Salem 4s 9.000 Lincoln 4s 5.000 Mansfield 4s 12.000 Shelburne Falls 4s 6.000 Stoughton 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Street Railway Bonds. Par Value. Par Value. $7,000 Boston Elevated 4Ks $10,000 Baltimore & Ohio 4s 13.000 Boston Elevated 5s 10.000 Baltimore & Ohio 4J^s 5.000 Boston & Northern 4s 3.000 Boston & Maine 4s 12.000 Lowell, Law. & Haverhill 5s 10.000 Chi., Mil. & St. Paul 4 Hs 5.000 Lynn & Boston 5s 5.000 Fitchburg 5s 5.000 West End 5s 10.000 Maine Central 43^s 10.000 Minn., St. P. & S. S. Marie 4s 10.000 West End 7s 10.000 N. Y. C. & H. R. 4s Bank Stocks. 5.000 Upper Coos 4s Shs. 5.000 Upper Coos 4}^s 20 Mt. Vernon Nl. Bk., Boston 54 Marblehead Nl. Bk. 38 Nl. Grand Bank, Marblehead I 204 REPO RT OP TH E [Pub. Doc. MARLBOROUGH SAVINGS BANK, MARLBOROUGH. 32 Incorporated April 3, 1860. MECHANIC STREET. Number of corporators, 47; number of trustees, 20. C harles 1 - R obinson, President. H erbert M. H azelton, Clerk of the Corporation. Charles I'. H olyoke, Treasurer. Leroy M . C raig, Assistant Treasurer. Board of Trustees: W . A . A llen , A medee B eauregard, G. F. B ond, M ichael B urke , J. F. C osgrove, C. W . C urtis, J. A . C urtis , C. B. E ager, W . B. Fay , J. A . F rye , W . P. F rye , B. F. G reeley ,’ H. M. H azelton, C. F. H olyoke, E. F. H oughton, L. P. H owe, E. I. M orse, W . B. M orse’ C. F. R obinson, C. T. W arner . Board of Investment: C. F. R obinson, W . P. Frye , W . B. M orse, G. F. B ond, W . A. A llen . Auditing Committee: E . I. M orse, H . M . H azelton, C . B . E ager. Deposits draw interest from third Wednesday of January, April, July and October; dividends are payable the third Wednesday of January and July. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12.30 P.M. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds . American Tel. & Tel. Co. bonds Stocks of banks and trust companies 605 loans on real estate (average of each, $2,847.39) Less amount due on uncompleted loans . $593,734 940,925 156,862 75,000 67,470 169,598 56 00 50 00 00 92 00 00 1,437,930 181,375 30,500 5,542 370 93,391 8,857 42 loans on personal security i Bank building and fixtures ( estimated value, $37,500; assessed value, $36,395) Real estate by foreclosure, etc. (assessed value, $7,235) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies Cash . . . . . . . . . Total Assets 00 00 00 91 19 65 16 $3,761,557 89 Liabilities. Due depositors on 9,303 accounts, averaging $372.12 each 0Accounts opened during year, 829; closed, 829) Surplus: — a. Guaranty fund (4.97% of deposits; increase during year, $1,345.74) . b. Profit and loss (increase during year, $16,462.64) . . . . Current income: — a. Interest . . . . . . . $36,498 05 b. R e n t ...................................................................... 1,000 00 $3,461,811 70 172,191 94 84,659 93 $36,498 05 Less current expenses not charged off Less State or local taxes not charged off $4,088 87 880 76 4,969 63 Deposits or installments received on sales of Liberty Loan Bonds Suspense account . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 31,528 42 10,169 00 1,196 90 . $3,761,557 89 No. BANK COMMISSIONER. 205 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Am ount paid for $ 6 ,4 6 8 .9 0 $ 6 ,653.15 $ 1 ,8 0 0 .0 0 $ 1 5 4 .5 0 Cost per $1,000 of assets 1 .7 2 1 .7 7 .4 8 .0 4 Cost per $1,000 of assets not including State tax and rent . . . . $1 ,0 6 8 .5 6 .28 . . Total. $16,145 .11 4 .2 9 2 .0 9 Gross income received during the year, $169,366.17. Rates on Investments and Loans (Average on All, 4.80%). Real estate loans (average rate, 5.12 per cent.): 4% , $101,500; 4J^% , $193,250; 4 % % , $8,000; 5 % , $680,118 ; 5 ^ % , $157,423; 6 % , $297,639. Personal loans (average rate, 6.15 per cent.): 4 h£%, $2,550; 5% , $12,100; 5J^%, $1,350; 6 % , $70,375; 6 H % , $10,000; 6/4%, $85,000. Bonds, stocks, etc. (average rate on amounts invested, 4.44 per cent.): 3% , $10,000; 3J^%, $237,400; 3% % , $19,000; 4 % , $975,750; 4 M % , $123,620; 4 ^ % . $311,000; 5% , $171,500; 5J^%, $1,200; 6 % , $27,700; 8 % , $5,000; 9% , $3,700; 10% , $54,300; 12%, $6,500; 20% , $20,800. Number of loans not over $3,000 each, 508, amounting to $498,710. 11 real estate loans made during year, amounting to $22,150. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 % Number of deposits during year, 6,526, amounting to . . . Number of withdrawals during year, 6,268, amounting to N et increase in amount due depositors . . . . . . . . . . . . . . . . . . . . $574,731 70 490,326 00 . $84,405 70 . . . . $65,403 61 66,303 57 443,024 52 SCHEDULE OF SECURITIES OWNED. P u b lic F u n d s , B o n d s . Railroad Bonds. Par Value. $80,000 U. S. Certs, of Indebt. 4J^s 2,400 United States 3}4s 1,750 United States 4s 123,620 United States 4Ks 20.000 Massachusetts 4s 10.000 Bristol Co. 4s 10.000 Beverly 3J^s 25.000 Boston 4s 15.000 Brockton 4s 10.000 Chelsea 4s 45.000 Fall River 4s 25.000 Los Angeles, Cal., 4}^s 25.000 New Bedford 4s 7.000 Portland, Ore., 6s 2.000 Quincy 4s 25.000 San Francisco, Cal., 5s 15.000 Worcester 3p£s 5.000 Worcester 4s 12.000 Arlington 4s 10.000 Attleborough 4s 15.000 Leominster 4s 47.000 Natick 4s 7.000 Warwick, R. I., 4)^s 10.000 Wellesley 4s 10.000 Br. & Tops., Me. (W. D.), 4s Par Value. $45,000 Baltimore & Ohio 4s 30.000 Baltimore & Ohio 4h£s 10.000 Baltimore & Ohio 5s 14.000 Bangor & Aroostook 5s 20.000 Boston & Albany 3J/£s 35.000 Boston & Albany 4s 15.000 Boston & Albany 5s 20.000 Boston & Lowell 4p£s 15.000 Boston & Maine 3Hs 47.000 Boston & Maine 4s 40.000 Boston & N. Y. Air L. 4s 25.000 C., B. & Q. 3)4s 10.000 C., B. & Q. 4s 10.000 Chic., Mil. & St. Paul 4s 20.000 Chic., Mil. & St. Paul 4 p2S 25.000 C., R. I. & P. 4s 25.000 Delaware & Hudson Co. 4s 10.000 Fitchburg 3J^s 20.000 Fitchburg 4s 10.000 Illinois Central 3s 35.000 Illinois Central 3}4s 30.000 Illinois Central 4s 30.000 Lake Shore & Mich. So. 4s 10.000 Louisville & Nashville 4s 5,000 Louisville & Nashville 4)4s 20.000 Louisville & Nashville 5s 35.000 Maine Central 4Jdis 20.000 Minn., St. P. & Sit. St. M. 4s 50.000 N. Y. C. & H. R. 4s 20.000 N. Y. & N. Eng. Term. 4s 20.000 N. Y „ N. H. & H. 314s 60.000 N. Y „ N. H. & H. 4s 25.000 No. Maine Seaport 5s Public Funds, Notes. $6,000 Marlborough 4J^s 11.000 Marlborough 5s 19.000 Hudson 314,5 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $45,000 Old Colony 4s 25.000 Pennsylvania 414s 30.000 Pitts., Vir. & C. 4s 15.000 Port. & Ogdens. 4Jf>s 10.000 Vermont Valley 4}4s 10.000 Washington Co. 314s 10.000 Wore., Nashua & R. 4s Street Railway Bonds. $42,000 Boston Elevated 4s 33.000 Boston Elevated 414s 25.000 Boston & Northern 4s 25.000 Georgetown, Row. & Ips. 5s 10.000 Old Colony 4s 25.000 West End 5s Bank Stocks. Shs. 12 Boylston Nl. Bk., Boston 200 First Nl. Bk., Boston 12 Fourth-Atlantic Nl. Bk., Boston 65 Merchants Nl. Bk., Boston 357 Nl. Shawmut Bk., Boston 25 Nl. Union Bk., Boston 8 Second Nl. Bk., Boston 50 Webster & Atlas Nl. Bk., Boston 15 First Nl. Bk., Clinton 107 First Nl. Bk., Marlborough 100 Peoples Nl. Bk., Marlborough 136 Merchants Nl. Bk., Worcester 50 Worcester Bank and Trust Co. 50 Worcester Nl. Bk. 206 REPO RT OF THE [Pub. Doc, MARSHFIELD SAVINGS BANK, MARSHFIELD. CORNER M AIN AND PLAIN STREETS. Incorporated July 5, 1910. Number of corporators, 41; number of trustees, 21. L ewis W . H all , President. E rancis T. H arlow , Clerk of the Corporation. R alph C . E well, Treasurer. M. H erman K ent, Assistant Treasurer. E lijah A mes, E. E. A mes, R . T. A mes, C. W . B artlett, W . H. B rown, H enry Carver , R . C. E well, J. E. F ord, L. W . H all, W alton H all , F. T. H arlow , F. W . H atch, E . L. H itchcock, M. H. K ent , Luther L ittle , J. W. M errill, O. B. Oakman , A. T. Sprague, S. T. Sprague, Oscar Stevens, G . H. T homas. Board of Trustees: Board o f Investment: F. W . H atch, Oscar Stevens, C . W . B artlett, E lijah A mes, H enry Carver , A. T. Sprague. Auditing Committee: E. E. A mes, W alton H all , F. T. H arlow. Deposits draw interest from second Tuesday of January, April, July and October; dividends are pay able second Tuesday of January and July. Business hours: Tuesdays, 9 to 11 a .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . 63 loans on real estate (average of each, $862.1 S) . . . . . . . 2 loans on personal security . . . . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ................................................................................................................................................................... T otal Assets . . . $18,502 12,427 3,867 1,852 1,826 54,315 950 4,446 325 30 50 50 50 25 50 00 95 84 . . $98,514 34 . . $93,354 84 Liabilities. Due depositors on 355 accounts, averaging $263 each . . . . (Accounts opened during year, 30; closed, 26; increase, 4) Surplus: — a. Guaranty fund (1.22% o f deposits; increase during year, $219.85) . . . b. Profit and loss (increase during year, $525.37) . . . . . . Current income: — Interest . . . . . . . . . . $1,802 50 Less current expenses not charged off . . . . 182 57 ------------------------Suspense account . . . . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . 1,145 83 2,348 13 1,619 93 45 61 $98,514 34 207 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Other Expenses. Advertising. Am ount paid for $112 .43 $2 2 4 .0 3 $ 1 5 .0 0 C ost per $1,000 of assets 1 .1 5 2 .2 9 .15 C ost per $1,000 of assets not including State tax and rent . Total. $4 5 9 .7 0 4 .7 7 3 .4 7 $99 .5 0 $ 8 .7 5 .08 1.10 Gross income received during the year, $4,935.55. Rates on Investments and Loans (Average on All, 5.23%). Real estate loans (average rate, 5.91 per cent.): 5% , $4,700; 6 % , $49,615.50. Personal loans (average rate, 5.10 per cent.): 5% , $850; 6 % , $100. Bojids, stocks, etc. (average rate on amounts invested, 4.29 per cent.): 3 H % , $6,000; 4% , $19,000; 4 M%> $500; 4 ^ % , $9,000; 5% , $5,000. Number of loans not over $3,000 each, 64, amounting to $50,265.50. 8 real estate loans made during year, amounting to $4,300. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 % Number of deposits during year, 165, amounting to . Number of withdrawals during year, 152, amounting to N et increase in amount due depositors . . . . . . . . . . . ............................................... . . . . $1,679 63 1,740 16 13,614 43 . $17,034 22 10,327 41 . . . . . ■ . $6,706 81 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Vàlue. $2,000 U. S. Certs, of Indebt. 4)^s 7.000 United States 4s 500 United States 4Ks 2.000 Cambridge 3J4s 2.000 New Bedford 4s 5.000 Seattle, Wash., 4Ks https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $1,000 Baltimore & Ohio 4J^s 2.000 Baltimore & Ohio 5s 2.000 Boston & Albany 3}^s 1.000 Boston & Albany 4s 1.000 Chic., Mil. & St. Paul 5s 2.000 N. Y. C. & H. R. 4s Par Value. $1,000 N. Y., N. H. & H. 4s 1.000 Northern Pacific 4J^s 2.000 Southern Pacific 4s Street Railway Bonds. $2,000 West End 4s 2.000 West End 5s 208 REPORT OF THE [Pub. Doc. MECHANICS SAVINGS BANK, HOLYOKE. 345-347 DW IGH T STREET. Incorporated March 16, 1872. Number of corporators, 47; number of trustees, 17. H enry E . Gaylord, President. I saac E . Sawyer , Treasurer. N athan P. A veey , Clerk of the Corporation. N. P. A very , E . P. Bagg, E . W . C hapin, A . W . E sleeck, T . H . F owler, H . E . Gaylord, M. J. Judge, C. E . M ackintosh, J. S. M cE lwain , A . J. N ewell, C. P. R andall, J. F. R anger , C. W. R ider, H . G. Sears , J. A . Skinner, F. M. Smith, F. S. W ebber . Board of Trustees: Board of Investment: H . E . Gaylord , H. G. Sears, C. E . M ackintosh, J. F. R anger , A. J. N ewell. Auditing Committee: C. P. R andall, F. S. W ebber , C. W . R ider. Deposits draw interest from first day of February, M ay, August and November; dividends are pay able after third M onday in M a y and November. Business hours: 9 a .m. to 4 p .m.; Saturdays, 9 a .m . to 12 m.; also Thursdays, 7 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . . Boston Terminal Co. bonds . . . . . . American Tel. & Tel. Co. bonds . . . . . Stocks of banks and trust companies . . . . Securities acquired in settlement of indebtedness . 689 loans on real estate (average of each, $3,84-0.12) . 78 loans on personal security . . . . . Furniture and fixtures . . . . . . . Real estate by foreclosure, etc. (assessed value, $13,430) W ar savings stamps and thrift stamps . . . . Deposits in national banks or trust companies . . . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . T otal Assets 50 80 00 50 75 50 6,200 00 . . . . $730,592 533,590 156,895 9,137 71,870 100,772 . . . . . . . . . . 2,645,845 202,189 . 5,000 15,391 643 182,716 22,828 00 25 00 86 94 47 12 . $4,683,673 69 Liabilities. Due depositors on 7,680 accounts, averaging $544.71 each . $4,183,367 57 (Accounts opened during year, 907; closed, 1,136; decrease, 329) Surplus: — a. Guaranty fund (5.07 % of deposits; increase during year, $4,465) b. Profit and loss (increase during year, $20,476.86) . Current income: — Interest . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 212,325 00 146,297 59 $115,273 40 8,180 0 2 107,093 38 34,590 15 . $4,683,673 69 BAN K COMMISSIONER. No. 8.] 209 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 4 ,603.00 $10,972.01 $ 1,675.00 C ost per $1,000 of assets . 98 2 .3 4 .36 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $325 .54 .07 $3,668.37 .78 $21,243 .92 4 .5 3 3 .1 9 Gross income received during the year, $222,201.66. Rates on Investments and Loans (Average on All, 5.12%). Real estate loans (average rate, 5.49 per cent.): 43^% , $36,500; 5}/£%, $2,595,295; 6 % , $14,050. Personal loans (average rate, 5.97 per cent.): 5% , $10,694.25; 6 % , $181,495; 6 M % , $10,000. Bonds, stocks, etc. (average rate on amounts invested, 4.40 per cent.): 3J^%, $59,000; 4% , $769,500; 4 )4 % , $173,700; 4 )4 % , $339,000; 5% , $200,200; 6 % , $39,000; 8 % , $25,000; 10%, $9,400; 12%, $300. Number of loans not over $3,000 each, 544, amounting to $819,214.25. 9 real estate loans made during year, amounting to $21,800. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: N ov., 1917, 2 % M ay, 1918, 2 % Number of deposits during year, 9,430, amounting to . . . . Number of withdrawals during year, 7,153, amounting to N et decrease in amount due depositors . . . . . . . . . . . . . . . . . . . . . . $822,325 65 885,473 67 . . $81,432 39 81,214 69 659,678 57 . $63,148 02 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $150,000 U. S. Certs, of Indebt. 4)4s 163,700 United States 4)4s 25.000 Massachusetts 3)4s 60.000 Massachusetts 4s 35.000 Boston 4s 5.000 Chicago, 111., 4)4s 5.000 Cleveland, 0., 5s 5.000 Decatur, 111., 4s 5.000 Dubuque, la., 4s 10.000 Duluth, Minn., 4s 10.000 Duluth, Minn., 4)4s 71.000 Holyoke 4s 25.000 Los Angeles, Cal., 4)4s 38.000 Lowell 4s 1.000 Milwaukee, Wis., 3J^s 1.000 Milwaukee, Wis., 4)4s 10.000 New Bedford 4)4s 20.000 Omaha, Neb., 4J4s 10.000 Seattle, Wash., 5s 21.000 St. Paul, Minn., 4)^s 3.000 Brookline 3)4s 1,500 Easthampton 4s 3.000 South Hadley 4s 3.000 South Hadley (F. D.) 4s 4.000 South Hadley (F. D.) 5s 6.000 W. Springfield 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Public Funds, Notes. Par Value. $25,000 Holyoke 5s 10,000 South Hadley 5s 5,000 South Hadley (F. D.) 5s Par Value. $20,000 New York C. & H. R. 4s 45.000 N. Y., N. H. & H. 4s 5,000 No. Maine Seaport 5s 20.000 Northern Pacific 4s 35.000 Pennsylvania 4)4s 10.000 Union Pacific 4s Railroad Bonds. $20,000 Atch., Top. & Santa F6 4s 20.000 Baltimore & Ohio 3)4s 10.000 Bangor & Aroostook 5s 75.000 Boston & Albany 4s 10.000 Boston & Lowell 4J^s 35.000 Boston & Maine 4s 22.000 Boston & Maine 4)4s 60.000 C., B. & Q. 4s 10.000 Chic., Mil. & St. Paul 4s 10.000 Chic., Mil. & St. Paul 4)4s 30.000 Chicago & Northw. 4s 10.000 Chicago & Northw. 5s 16.000 Chicago, R. I. & Pac. 4s 18.000 Fitchburg 4s 10.000 Holyoke & Westfield 4J4s 40.000 Illinois Central 4s 10.000 Louisville & Nashville 4s 10.000 Maine Central 4)4s Street Railway Bonds. $15,000 Boston Elevated 4s 40.000 Boston Elevated 5s 25.000 Boston & Northern 4s 41,200 Holyoke 5s 3,000 Springfield 4s 10.000 West End 4J4s 25.000 West End 5s Bank Stocks. Shs. 44 First Nl. Bk., Boston 390 City Nl. Bk., Holyoke 250 Hadley Falls Trust Co., Holyoke 3 Holyoke Nl. Bk. 50 Third Nl. Bk., Springfield 210 REPORT OF THE [Pub. Doc. MECHANICS SAVINGS BANK, LOWELL. 204-206 M ER RIM ACK STREET. Incorporated March 1, 1861. Number of corporators, 36; number of trustees, 20. A lexander G . C umnock, President. C harles H . C logston, Treasurer. H aven G . H ill , Clerk of the Corporation. J. C . B ennett, E . N. B urke , C. H . C logston, A . G . C umnock, F. A . F lather, F rank H anchett, A . E . H atch, H . G . H ill, A . D . M illiken , W . A . M itchell, C. H . N elson, N. G . N orcross, H . H . P arker, W . L. P arker, M. A . R awlinson, J. J. R ogers, J. F. Sawyer , T . A . Stevens , J. F. T albot, J. K . W hittier. Board of Trustees: Board of Investment: C . H . N elson, W . L. Parker , E . N. B urke , J. F. Sawyer , C . H . C logston. Auditing Committee: N. G . N orcross, T . A . Stevens, H . H . P arker. Deposits draw interest from first Saturday of March, June, September and December; dividends are payable the M onday following the first Saturday of June and December. Business hours: 9 a .m . to 1 p .m.; also Saturdays, 7 to 9 p .m. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 412 loans on real estate (average of each, $6,068.57 ) . . . . . . 13 loans on personal security . . . . . . . . . Bank building and fixtures ( estimated value, $95,000; assessed value, 890,000) Real estate by foreclosure, etc. (assessed value, $108,000) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . W a r savings stamps and thrift stamps . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . T otal Assets . . . . $543,790 584,325 194,580 68,218 3,900 2,500,253 277,730 94,479 65,272 2,266 00 00 00 75 00 28 00 40 14 08 200 00 29,086 22 11,359 47 . . $4,375,460 34 Liabilities. D ue depositors on 6,841 accounts, averaging $598 each . $4,090,982 95 (Accounts opened during year, 1,094; closed, 708; increase, 386) Surplus: — a. Guaranty fund (5.05% of deposits; increase during year, none) b. Profit and loss (increase during year, $4,937.92) Current income: — a. Interest . . . . . . . $46,178 16 b. R e n t ...................................................................... 270 72 206,048 48 39,353 05 $46,448 8 8 Less current expenses not charged off Less State or local taxes not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $5,226 33 2,146 69 7,373 02 ------------------- T otal Liabilities . 39,075 8 6 . $4,375,460 34 211 BANK COMMISSIONER. No. 8. T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Other Expenses. $ 6 2 9 .5 8 .14 Am ount paid for $ 6 ,289.23 $8,551.82 C ost per $1,000 of assets 1 .4 4 1 .9 5 C ost per $1,000 of assets not including State tax and rent $5,925.34 1 .3 5 Total. $21,395 .97 4 .8 8 3 .4 4 Gross income received during the year, $194,631.51. Bates on Investments and Loans (Average on All, 5.16%). Real estate loans (average rate, 5.69 per cent.): 5% , $724,032.09; 5 M % . $126,000; 6 % , $1,650,221.19. Personal loans (average rate, 6 per cent.): 6 % , $277,730. Bonds, stocks, etc. (average rate on amounts invested, 4.06 per cent.): 3% , $25,000; 3 M % . $217,000; 4 % , $915,000; 4 M % . $156,350; 4 M % , $100,000; 6 % , $4,500; 8% , $3,900. Number of loans not over $3,000 each, 228, amounting to $323,781. 22 real estate loans made during year, amounting to $238,000. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Dec., 1917, 2 % . . . . . June, 1918, 2 J ^ % ............................................... Number of deposits during year, 8,207, amounting to . . . . Number of withdrawals during year, 5,363, amounting to N et increase in amount due depositors . . . . . . . . . . . . . $79,145 43 86,796 87 612,468 34 $778,410 64 750,994 20 $27,416 44 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $156,350 United States 4Ms 12.0 0 0 Massachusetts 3Ms 60.000 Boston 4s 75.000 Cambridge 3 Ms 25,000,Chicago, 111., 4s 16.000 Lawrence 4s 10.000 Marlborough 4s 3.000 Medford 4s 50.000 New Bedford 4s 4,500 Portland, Ore., 6s 20.000 Providence, R. I., 4s 25.000 Waterbury, Ct., 4s 25.000 Woonsocket, R. I., 4s 15.000 Andover 4s 5.000 Peabody 3Mis 12.000 Peabody 4s 31.000 Wakefield 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. Railroad Bonds. $30,000 Old Colony 4s Par Value. 50.000 Pennsylvania 4Ms $25,000 Baltimore & Ohio 4s 30.000 Portland Terminal Co. 4s 40.000 Boston & Maine 4s 25.000 Boston & Maine 4Ms 50.000 C., B. & Q. 3Ms 10.000 Chic., Mil. & St. P. 4Ms 21.000 Chic. & Northwestern 4s Street Railway Bonds. 50.000 Concord & Montreal 4s $150,000 Boston Elevated 4s 20.000 Delaware & Hudson Co. 4s 22.000 Boston & Northern 4s 10.000 Fitchburg 4s 25.000 Illinois Central 3s 25.000 West End 4s 25.000 Illinois Central 4s 15.000 Maine Central 4Ms 25.000 Minn., St. P. & Sit. St. M. 4s 10.000 New England 4s Bank Stocks. 25.000 N. Y. C. & H. R. 3Ms Shs. 50.000 N. Y., N. H. & H. 3Ms 39 Union Nl. Bk., Lowell 65.000 N. Y., N. H. & H. 4s 212 REPO RT OF TH E [Pub. Doc, MECHANICS SAVINGS BANK, READING. 194 M AIN STREET. Incorporated March 20, 1891. Number of corporators, 23; number of trustees, 11. C hakles H . N owell, President. L ewis M . Bancroft, Treasurer. E dgar N. H unt, Clerk of the Corporation. O. L. A kerley, L. M . B ancroft, A . J. F rancis, E . N . H unt, H . R . Johnson, J. E. K elley, M . E . N ichols, C. H . N owell, W. S. Parker , M. A . Stone, H . A . Upton. Board of Trustees: C. H. N owell, M . E. N ichols, H. R . J ohnson. Board of Investment: A . J. F rancis, O. L. A kerley. * Auditing Committee: Deposits draw interest from first Saturday of March, June, September and December; dividends are payable the second Saturday of June and December. Business hours: 8.30 a .m . to 2.30 p .m .; Saturdays, 8.30 a .m . to 12 m ., and for deposits only, 7.30 to 9 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 198 loans on real estate (average of each, $1,71/1.87) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . 4 loans on personal security . . . . . . Furniture and fixtures . . . . . . . Real estate by foreclosure, etc. (assessed value, $2,750) Deposits in national banks or trust companies . . Cash and cash items . . . . . $80,854 90,771 18,472 9,267 88 2 ,10 0 0 0 $345,291 80 400 00 344,891 12,510 682 1,926 -32,109 2,015 . . 50 50 50 . T otal Assets 80 00 00 06 97 81 $595,602 02 Liabilities. D ue depositors on 2,730 accounts, averaging $202.90 each . $553,920 90 (Accounts opened during year, 270; closed, 348; decrease, 78) Surplus: — a. Guaranty fund (2.96% o f deposits; increase during year, $1,361.46) b. Profit and loss (increase during year, $2,649.38 ) Current income: — a. Interest . . . . . . . $12,156 48 b. R e n t ...................................................................... 100 00 Less current expenses not charged off https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . 16,530 82 13,740 65 $12,256 48 846 83 . 11,409 65 T otal Liabilities * One vacancy. . $595,602 02 213 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. Salaries. Rent. Advertising. State Tax (Net). $ 1 0 2 .0 0 $9 8 5 .0 0 $48( 1.00 Am ount paid for $6 0 6 .7 0 .17 .80 1 .6 5 C ost per $1,000 of assets 1 .0 2 C ost per $1,000 of assets not including State tax and rent Other Expenses. Total. $ 4 35 .42 .73 $2,6 0 9 .1 2 4 .3 7 2 .5 5 Gross income received during the year, $28,723.33. Rates on Investments and Loans (Average on All, 5.24%). Real estate loans (average rate, 5.78 per cent.): 5% , $72,875; 6 % , $272,016.80. Personal loans (average rate, 5.99 per cent.): 5% , $10; 6 % , $12,500. Bonds, stocks, etc. (average rate on amounts invested, 4.27 per cent.): 3% , $10,000; 3j4% , $10,000; 4% , $122,350; 4 M % , $13,000; 4J^%, $5,850; 5% , $38,000; 7% , $5,000. Number of loans not over $3,000 each, 186, amounting to $333,951.80. 7 real estate loans made during year, amounting to $11,700. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Dec., 1917, 2 % June, 1918, 2 M Number of deposits during year, 3,212, amounting to . . . . . . % ............................................... i ............................................... $10,251 74 11,464 55 135,796 80 $157,513 09 149,060 95 Number of withdrawals during year, 3,814, amounting to $8,452 14 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $13,000 United States 4Ks 2.000 Massachusetts 4s 15.000 Boston 4s 6.000 Cambridge 4s 7.000 Fall River 4s 10.000 New Bedford 4s 16.000 Reading 4s 6.000 Dracut (W. D.) 4s Public Funds, Notes. $4,250 North Reading 4s 850 No. Reading 4J^s 1.000 Reading 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $13,000 Bangor & Aroostook 5s 5.000 Boston & Maine 4s 1.000 Fitchburg 4s 10.000 Illinois Central 3s 4.000 Illinois Central 5s 12.000 N. Y. C. & H. R. 4s 15.000 N. Y., N. H. & H. 4s 20.000 No. Maine Seaport 5s 1.000 Penobscot Shore Line 4s 5.000 Peoria & Northw. 3}^s 5.000 Sioux City & Pacific 3}4s 1.000 Upper Coos 4s Street Railway Bonds. Par Value. $5,000 Boston Elevated 4s 5.000 Boston Elevated 4)/^s 3.000 Boston & Northern 4s 1.000 West End 5s 5.000 West End 7s Bank Stocks. Shs. 21 First Nl. Bk., Reading REPO RT OF THE 214 [Pub. Doc, MEDFORD SAVINGS BANK, MEDFORD. 29 HIGH STREET. Incorporated February 26, 1869. Number of corporators, 77; number of trustees, 19. G eorge O. F oster, President. Charles B. B uss, Treasurer. E arl B. M unro, Clerk of the Corporation. H . B. B allou, C. M . B rewer , C . B. B uss, J. A . C hapin, E . E . E lder, G . O. F oster, J. E . Gates, Sidney Gleason, A . D . H all, H . A . H anscom, W . N . H omer, R . B. Lawrence, W . B. Lawrence, W . P. M artin , E . S. R andall, J. W . R ockwell, W . C. W ait , H . A . W ilkinson, I. O. W right. Board of Trustees: Board of Investment: G. O. F oster, E . S. R andall, A . D . H all, H . A . H anscom, Sidney G leason. Auditing Committee: J. A . Chapin , W . B . Lawrence, J. E . Gates . Deposits draw interest from first Saturday of February, M ay, August and November; dividends are payable the second Saturday of M a y and November. Business hours: 8 a .m . to 3 P.M.; Saturdays, 8 A.M. to 12 m .; 7 to 9 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 898 loans on real estate (average of each, $2,294.23) . . . 1 2 loans on personal security . . . . . . . . . Bank building and fixtures {estimated value, $24,550; assessed value, $24,550 ) Real estate by foreclosure, etc. {assessed value, $10,500) . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T otal Assets . . . $275,450 862,595 125,000 24,000 2,060,225 205,800 5,000 18,115 163 57,955 8,491 . . . 00 00 00 00 00 00 00 78 68 89 05 $3,642,796 40 Liabilities. . $3,213,755 46 Due depositors on 10,409 accounts, averaging $308.74 each {Accounts opened during year, 1,253; closed, 1,217; increase, 36) Surplus: — a. Guaranty fund {4-93% of deposits; increase during year, $700) b. Profit and loss {increase during year, $20,778.61) . Bills payable . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds T otal Liabilities . . 158,500 204,699 50,000 15,841 . . . $3,642,796 40 * The November, 1918, dividend of $68,969.10 not yet charged out of this amount. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 00 94* 00 00 BANK COMMISSIONER. No 8.] 215 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for S4.267.93 S7.703.60 $ 1,500.00 Cost per $1,000 of assets 1 .1 7 2 .1 1 .41 Cost per $1,000 of assets not including State tax and rent . Other Expenses. $9 4 2 .5 0 .25 $ 2 ,9 5 8 .3 6 .81 Total. $ 1 7 ,3 7 2 .3 9 4 .7 5 3 .1 7 Gross income received during the year, $169,876.92. Rates on Investments and Loans (Average on All, 5.17%). Real estate loans (average rate, 5.37 per cent.): 5% , $544,100; 5J^%, $1,496,275; 6 % , $19,850. Personal loans (average rate, 5.99 per cent.): 5J^%, $2,700; 6 % , $203,100. Bonds, stocks, etc. (average rate on amounts invested, 4.72 per cent.): 3% , $30,000; 3J^%, $143 0004 % , $271,200; 4M%>, $140,150; 4 ^ % , $299,000; 5% , $287,000; 6 % , $90,000; 7% , $25,000 ;’ 8 % ’ $1,000; 9% , $5,000; 10% , $10,000; 20% , $8,000. Number of loans not over $3,000 each, 713, amounting to $1,217,525. 23 real estate loans made during year, amounting to $62,800. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: N ov., 1917, 2 % . . . . . $60,672 4 4 M ay, 1918, 2 % % ............................................... 68,’ l0 9 91 Number of deposits during year, 11,692, amounting to . . . . . 504,944 00 Number of withdrawals during year, 8,731, amounting to N et increase in amount due depositors . . . . . . . . . . . . $633,726 35 575,510 05 . $58,216 30 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 U. S. Certs, of Indebt. 4L£s 6,200 United States 4s 140,150 United States 4J^s 50.000 Massachusetts 3Ms 10.000 Massachusetts 4s 20.000 Brockton 4}4s Railroad Bonds. $25,000 Baltimore & Ohio 5s 25.000 Boston & Albany 4s 5,000 Boston & Albany 5s 25.000 Boston & Maine 4s 40.000 Central R.R. of N. J. 5s 50.000 C., B. & Q. 3^s 50.000 Chicago, Mil. & St. P. 5s 25.000 Chic. & Northw. 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $22,000 Chic. & Northw. 5s 15.000 Cleve., Lorain & Wheeling 5s 49.000 Cleveland & Pitts. 4J^s 25.000 Concord & Montreal 4s 50.000 Detroit & Bay City 5s 10.000 Dexter & Piscataquis 4s 25.000 Fre., Elk. & Mo. Valley 6s 35.000 Fitchburg 4s 25.000 Fitchburg 4J^s 15.000 Gouverneur & Oswegatchie 5s 30.000 Illinois Central 3s 15.000 Kal., Alle. & Gr. R. 5s 40.000 Louisville & Nashville 6s 25.000 Maine Central 4h^s 50.000 N. Y „ N. H. & H. 4s 50.000 Port. & Ogdens. 4J^s 10.000 Portland Terminal Co. 4s 30.000 Ports., Gr. F. & Con. 4)dis Par Value. $18,000 Sioux City & Pac. 3%s 25.000 St. Paul & Northern Pacific 6 s 25.000 Troy & Boston 7s 25.000 Vermont Valley 4b£s 25.000 Washington Co. 3J^s Street Railway Bonds. $50,000 Boston Elevated 4s 50.000 Lynn & Boston 5s 25.000 Worcester Cons. 4b£s Bank Stocks. Shs. 10 Commercial Nl. Bk., Boston 50 Fourth-Atlantic Nl. Bk., Boston. 80 Second Nl. Bk., Boston 100 Nl. Shawmut Bk., Boston 216 [Pub. Doc. REPORT OF THE MEDWAY SAVINGS BANK, MEDWAY. VILLAGE STREET. Incorporated February 20, 1871. Number of corporators, 35; number of trustees, 20. A ddison E . B ullard, President. W illiam N. H itchcock, Clerk of the Corporation. G . S. B ent, A . E . B ullard, G . C lough, W . N. H itchcock, R . G. H odgson, G. T. E . O’D onnell, W . W . Ollendorff, W . L. A . L. R uggles, H. W . Shaw , H. H. T horne, Board of Trustees: Board of Investment: W illiam H . Upton, Treasurer. M innie B. Upton, Assistant Treasurer. W . B ullard, F. C. C lark , S. G . C lark, A . R. P. H olbrook, T . F. M alloy, R. M. O’D onnell, P almer, E . F. R ichardson, Sumner R obbins, W . H. Upton. A . E . B ullard, G. W . B ullard , F. C . C lark , S. G. C lark, W . L. P almer, E . F. R ichardson, H . H . T horne. Auditing Committee: S. G. C lark , W . N. H itchcock, W . W . O llendorff, G. S. B ent, G. P. H olbrook. Deposits draw interest from first day of March, June, September and December; dividends are pay able on and after June 15 and December 15. Business hours: 9 a .m. to 12 m.; 2 to 5 p .m .; Sat urdays, 9 a .m. to 12 M. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . . . Street railway bonds . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . 227 loans on real estate (average of each, SI ,798.04) . . . . 6 loans on personal security . . .Furniture and fixtures . . . . . . . Deposits in national banks or trust companies . . . . Cash . . . . . . . . . . . . T otal Assets . . . . . $92,800 00 148,960 00 . . . . . 10,000 00 . . . . . . . 11,572 408,156 1,880 1,745 3,218 7,287 . . . . . 50 59 00 94 37 34 $685,620 74 Liabilities. D ue depositors on 1,935 accounts, averaging $317.81 each $614,964 52 {Accounts opened during year, 161; closed, 151; increase, 10) Surplus: — a. Guaranty fund {4-92% of deposits; increase during year, SS80.96) b. Profit and loss (increase during year, $2,244-81) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . 30,663 05 27,750 00 . $13,645 65 1,402 48 — . . . 12,243 17 $685,620 74 / No. 8.] BANK COMMISSIONER. 217 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising., Other Expenses. Am ount paid for $867 .51 $ 2 ,111.00 $ 2 30 .00 C ost per $1,000 of assets 1 .2 6 3 .4 3 .37 C ost per $ 1 ,0 0 0 of assets not including State tax and rent . $1 0 6 .1 5 .17 $ 8 89 .50 1 .4 5 Total. $ 4 ,204.16 6.68 5 .0 5 Gross income received during the year, $31,667.61. Rates on Investments and Loans (Average on All, 5.24%). Real estate loans (average rate, 5.85 per cent.): 5% , $60,500; 5 )4 % , $3,000; 6 % , $344,656.59. Personal loans (average rate, 6 per cent.): 6 % , $1,880. Bonds, stocks, etc. (average rate on amounts invested, 4.36 per cent.): 3% , $1,000; 3 )4 % , $46,000; 4% , $108,100; 4 )4 % , $24,700; 4 )4 % , $28,000; 5% , $41,000; 5 M % , $5,000; 5 )4 % , $5,000; 6 % , $8,000. Number of loans not over $3,000 each, 191, amounting to $232,106.59. 6 real estate loans made during year, amounting to $5,650. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Dec., 1917, 2% June, 1918, 2 M % Number of deposits during year, 1,404, amounting to . Number of withdrawals during year, 1,256, amounting to . N et increase in amount due depositors . . . . $11,526 38 13,208 77 97,086 83 . . . . . . . $121,821 98 107,366 74 $14,455 24 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $24,700 United States 4)4s 5.000 Massachusetts 3J4s 5.000 Belfast, Me., 5s 10.000 Boston 4s 2.000 Minneapolis, Minn., 4)4s 3.000 Springfield, 0., 5s 4.000 Worcester 4s 5.000 Youngstown, 0., 5s 5.000 Douglas 4s 5.000 Medway 4s 3,500 Attleborough 4s 10.000 Kittery, Me. (W. D.), 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Public Funds, Notes. Par Value. $600 Millis 4s 5.000 Millis 5)4s 5.000 Millis 5)4s Railroad Bonds. $5,000 Bangor & Aroostook 5s 2.000 Boston & Lowell 4s 5.000 Boston & Maine 4)4s 3.000 Boston & Providence 6s 10,000 C„ B. & Q. 3)4s 6.000 Chi., Mil. & St. Paul 4J4s 5.000 Chi., Mil. & St. Paul 5s 5.000 Chic. & Northw. 5s 5.000 Chi., St. Paul, Minn. & 0 . 6s Par Value. $11,000 Concord & Montreal 4s 5.000 Fitchburg 4s 1.000 Illinois Central 3s 16.000 Illinois Central 3)4s 10.000 Illinois Central 4s 5.000 New England 4s 10.000 N. Y. C. & H. R. 3)4s 26.000 N. Y., N. H. & H. 4s 3.000 Old Colony 4s 5.000 Ports., Gt. F. & C. 4)4s 8.000 St. J. & Lake C. 5s 5.000 Washington Co. 3)4s Street Railway Bonds. $10,000 Boston Elevated 4)4s REPO RT OF THE 218 [Pub. Doc. MELROSE SAVINGS BANK, MELROSE. 497 M AIN STREET. Incorporated April 5, 1872. Number of corporators, 63; .number of trustees, 13. Board o f Trustees: C . H. A dams, F. P. B owden, A. L. C arb , W. C. G oss, J. A. H ewes, W. A. Jepson, G. R. Jones, C . H. Lang , John Larrabee, E. S. Page , H. T. Sands, F. P. Sh cm w ai , J. C . F. S l a y t o n . Board of Investment: John L arrabee, C. H. A dams, A. L. Carr , F. P. Shumway. Auditing Committee: F. P. B owden, W . C. G oss, G. R . Jones. Deposits draw interest from first day of January, April, July and October; dividends are payable the third Wednesday of January and July. Business hours; 8 a .m . to 2 p .m .; Saturdays, 8 a .m . to 12 m . and 7 to 9 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . . 701 loans on real estate (averape of each, SI ,773.32) . 57 loans on personal security1 . . . . . Real estate b y foreclosure, etc. (assessed value, S10,500) Taxes, insurance, etc., paid on mortgaged properties W ar savings stamps and thrift stamps . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $677,696 9 0 327,904 00 101,342 10 30,600 00 1,243,100 07 580,888 63 5,438 72 545 83 1,873 64 67,266 12 4,249 35 . . . . . $3,040,905 36 . . . . . $2,641,774 43 Liabilities. Due depositors on 9,899 accounts, averaging $266.87 each (Accounts opened during year, 848; closed, 861; decrease, 18) Surplus: — а. Guaranty fund (4-99% of deposits; increase during year, $389.62 ) . б . Profit and loss (increase during year, $4,686.39) . . . . Current income: — Interest . . . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . 131,839 10 130,399 37 52,100 46 84,792 00 . . $3,040,905 36 BANK COMMISSIONER, No, 219 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 5 ,7 2 8 .4 4 $7,7 1 1 .2 5 $ 9 00 .00 Cost per $1,000 of assets 1 .8 8 2 .5 3 .29 Cost per $1,000 of assets not including State tax and rent . Advertising. $ 9 7 9 .7 0 .3 2 Other Expenses. Total. $ 2 ,686.18 $ 1 8,005 .57 5 .9 0 3 .7 3 . .8 8 Gross income received during the year, $142,621.83. Rates on Investments and Loans (Average on All, 5.04%). Real estate loans (average rate, 5.26 per cent.): 434%, $5,000; 5% , $796,612.91; 534%i $216,397.08; 6 % , $225,090.08. Personal loans (average rate, 6.01 per cent.): 5% , $2,345; 534% . $900; 6 % , $552,643.63; 634% , $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.29 per cent.): 334% , $15,600; 4 % , $537,100; 4 h£%, $353,100; 434% , $186,600; 5% , $60,000; 6 % , $1,000; 7% , $6,000. Number of loans not over $3,000 each, 663, amounting to $1,019,930.70. 26 real estate loans made during year, amounting to $37,880. Dividends, Deposits and Withdrawals. $56,213 57’ 56,807 17 444,128 30 Ordinary dividends declared during year: Jan., 1918, 234% July, 1918, 2 M % Number of deposits during year, 10,872, amounting to $557,149 0 4 520,476 72 Number of withdrawals during year, 8,652, amounting to $36,672 32- N et increase in amount due depositors SCHEDULE OP SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 U. S. Certs, of Indebt. 4J4s 5,600 United States 3}4s 6.000 United States 4s 343,100 United States 4)4s 500 Augusta, Me., 4s 10.000 Baltimore, Md., 4s 10.000 Belfast, Me., 4s 31.000 Boston 4s 1.000 Duluth, Minn., 4s 2.000 Everett 4s 5.000 Haverhill 334s 2.000 Hyde Park 4s 3.000 Lawrence 4s 5.000 Los Angeles, Cal., 4}4s 4.000 Lowell 4s 64,500 Melrose 4s 29.000 New Bedford 4s 4.000 Norwalk, Conn., 4VXs 10.000 Quincy 434s 1.000 Revere 4s 5.000 San Francisco, Cal., 434s 25.000 San Francisco, Cal., 5s 3.000 Seattle, Wash., 434s 2.000 St. Paul, Minn., 4s 15.000 Spokane, Wash., 434s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $1,000 Taunton 4s 2.000 Amesbury 4s 4.000 Ashland 4s 3.000 Danvers 4s 10.000 Peabody 4s 3.000 Southborough 4s Public Funds, Notes. $15,100 Melrose 4s 4,600 Melrose 4J4s Railroad Bonds. $5,000 Baltimore & Ohio 4J4s 2.000 Baltimore & Ohio 5s 41.000 Boston & Albany 4s 54.000 Boston & Maine 4s 20.000 Boston & Maine 4)4s 24.000 C., B. & Q. 4s 5.000 Chic., Mil. & St. Paul 4s 10.000 Chic., Mil. & St. Paul 434s 14.000 Chic. & Northw. 4s 5.000 Cleveland Short Line 434s 5.000 Cleve., Terminal & Valley 4s 23.000 Concord & Montreal 4s 23.000 Fitchburg 4s Par Value. $5,000 Fitchburg 434s 1.000 F., Elk. & Mo. V. 6s 10 .0 0 0 Lake Shore & Mich. So. 4s 10.000 Louisville & Nashville 5s 20.000 Maine Central 434s 10.000 Minn., St. P. & Sit. St. M. 4s 1.000 New England 4s 15.000 N. Y. C. & H. R. 4s 11.000 N. Y „ N. H. & H. 4s . 5,000 New York & Putnam 4s 10.000 Pennsylvania 434s 5.000 Peoria & Northw. 3}4s 5.000 Portland Terminal Co. 4s 2.0 0 0 Somerset 4s Street Railway Bonds. $21,000 Boston Elevated 4s 17.000 Boston Elevated 4)4s 23.000 Boston Elevated 5s 18.000 Boston & Northern 4s 1.0 0 0 Old Colony 4s 7.000 West End 4s 12.000 West End 4)4s 6.000 West End 7s 220 REPO RT OF THE [Pub. Doc, * MERRIMAC SAVINGS BANK, MERRIMAC. M AIN STREET. Incorporated April 19, 1871. Number of corporators, 39; number of trustees, 16. D aniel W . G ould, President. F rederick C . G rant, Treasurer. H oward C . L ovell, Clerk of the Corporation. D. W . G ould, F. C. G rant, H . W . H ale , F. P. Judkins, Z enas L ovell, C . A . N oyes , J. F. P ease, E . H . P reble, C. E . R owell, B . F. Sargent, B . H . Sargent, E . P. Sargent, W. B . Sargent, H . H . Story, G. A . T itcomb, G. T. W alker . Board of Trustees: Board of Investment: Auditing Committee: D. W . G ould, E . P . Sargent, B . H . Sargent. W . B . Sargent, H . H . Story, B . H . Sargent. Deposits draw interest from third Wednesday of January, April, July and October; dividends are pay able the fourth Wednesday of April and October. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12.30 P.M. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . . Boston Terminal Co. bonds . . . . . . American Tel. & Tel. Co. bonds . . Stocks of banks and trust companies . . . . 148 loans on real estate (average of each, 82,14-2.11) . . 2 loans on personal security . . . . . Furniture and fixtures . . . . . . . Deposits in national banks or trust companies . . Cash and cash items . . . . . . . . . . . . . . . . . . $51,547 40 102,847 53 35,881 30 2 0 ,0 0 0 0 0 10,575 2,550 317,032 13,500 1,479 10,779 1,179 . . . . . . . . . 00 00 96 00 17 62 03 $567,372 01 T otal Assets Liabilities. Due depositors on 1,560 accounts, averaging $332.80 each $519,173 46 (Accounts opened during year, 106; closed, 123; decrease, 17) Surplus: — o. Guaranty fund (5.34 % of deposits; increase during year, none) b. Profit and loss (increase during year, $1,178.80) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 27,715 90 4,614 31 $234 19 36 6 8 197 51 15,670 83 $567,372 01 221 BAN K COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $ 2 9 .6 3 .0 5 $509 .31 .90 $ 3 ,706.94 6 .5 2 4 .8 8 Am ount paid for $7 6 9 .4 2 $ 2 ,230.88 $1 6 7 .7 0 Cost per $1,000 of assets 1 .3 5 3 .9 3 .29 C ost per $1,000 of assets not including State tax and rent . Gross income received during the year, $26,583.09. Rates on Investments and Loans (Average on All, 4.94%). Real estate loans (average rate, 5.51 per cent.): 5% , $36,900; 514%, $238,002.96; 6 % , $42,130. Personal loans (average rate, 5.89 per cent.): 514%, $3,500; 6 % , $10,000. Bonds, stocks, etc. (average rate on amounts invested, 4.07 per cent.): 3% , $10,000; 3J^%, $65,000; 4% , $89,250; 4 M % . $26,320; 4 H % , $20,000; 5% , $11,550; 7% , $5,000. Number of loans not over $3,000 each, 105, amounting to $136,032.96. 4 real estate loans made during year, amounting to $3,425. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 % . . . . . Oct., 1918, 2 } i % ............................................... Number of deposits during year, 1,025, amounting to . . . . . Number of withdrawals during year, 1,049, amounting to N et decrease in amount due depositors . . . . . . . . . . . . $77,577 01 90,292 53 . . $10,352 42 11,227 72 55,996 87 . $12,715 52 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $5,000 I). S. Certs, of Indebt. 4J^s 10,000 United States 3}4s 26,320 United States PAs Public Funds, Notes. $7,250 Merrimac 4s 3,000 Merrimac 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $6,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4J^s 20.000 Boston & Maine 4s 5.000 Chic., Mil. & St. Paul 4Ks 5.000 Fitchburg 7s, note 10.000 Illinois Central 3s 15.000 Illinois Central V/i& 10.000 Michigan Central 3h£s 8.000 N. Y. C. & H. R. 4s 10.000 N. Y „ N. H. k H. 3Ks 6.000 Old Colony 4s Street Railway Bonds Par Value. $15,000 Boston Elevated 4s 6,000 Boston Elevated 5s 15,000 West End 4s Bank Stocks. Shs. 25)4 First Nl. Bk., Merrimac REPO RT OF THE 222 [Pub. Doc. MERRIMACK RIVER SAVINGS BANK, LOWELL. 417 M IDDLESEX STREET. Incorporated February 24, 1871. Number of corporators, 36; number of trustees, 19. N athan G . L amson, President. F ranklin E . Johnson, Treasurer. James G . H ill , Clerk o f the Corporation. B . F . C ady, M. C orbett, C . M. F orrest, W . H . F uller, F. S. H arvey, J. J. H arvey , F. H . H aynes , J. G . H ill, W . H . H owe, F . E . Johnson, J. H . Johnson, N . G. Lamson, E . I. M acP hie , O. B . R anlett, C harles R unels, H . C . T aft , C . F. V arnum, P. E . V arnum, C . F . Y oung. Board o f Trustees: Board o f Investment: C . F . V arnum, H . C . T aft , W . H . F uller, C . M . F orrest, N . G. L amson. Auditing Committee: H . C . T aft, W . H . H owe, J. G . H ill . Deposits draw interest from first Saturday of February, M ay, August and November; dividends are payable M onday following the first Saturday of M a y and November. Business hours: 9 a .m. to 1 p .m.; also Saturdays, 7 to 9 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds . Boston Terminal Co. bonds . American Tel. & Tel. Co. bonds Stocks of banks and trust companies 530 loans on real estate (average of each, $4,169.08) 47 loans on personal security Bank building and fixtures ( estimated value, $55,000 Deposits in national banks or trust companies Cash . . . . . . . . $162,077 456,686 74,200 29,535 50,350 27,600 2,209,615 825,994 45,000 138,202 6,321 value, $41,950) 50 25 00 00 00 00 56 17 00 00 25 $4,025,581 73 T otal Assets Liabilities. Due depositors on 5,692 accounts, averaging $626.23 each . $3,564,516 09 ( Accounts opened during year, 620; closed, 641; decrease, 21) Surplus: — a. Guaranty fund (.5.08% o f deposits; increase during year, none) h. Profit and loss (increase during year, $12,746.67) . Current income: — Interest . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 179,360 00 172,421 18 102,053 96 7,230 50 . $4,025,581 73 BANK COMMISSIONER. N o. 8.] 223 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Bent. Advertising. Am ount paid for S 5 .589.38 $ 1 0,786 .10 $ 5 0 0 .0 0 Cost per $1,000 of assets 1 .3 8 2 .6 8 .1 2 C o st per $1,000 of assets not including State tax and rent . Other Expenses. $ 8 6 1 .8 5 $1 ,9 2 3 .7 2 .4 7 . . . .2 1 . . Total. $ 1 9,661 .05 4 .8 6 3 .3 6 Gross income received during the year, $198,151.71. Rates on Investments and Loans (Average on All, 5.37%). Real estate loans (average rate, 5.48 per cent.): 5% , $251,260; 5 )4 % , $1,789,225; 6 % , $169,130.56. Personal loans (average rate, 5.95 per cent.): 5 )4 % , $105,000; 6 % , $620,994; 6 )4 % , $50,000; 6 )4 % , $50,000. Bonds, stockst, etc. (average rate on amounts invested, 4.44 per cent.): 3 )4 % , $120,300; 4% , $385,200; 4 )4 % , $150,580; 4 )4 % , $75,000; 5% , $70,200; 8 % , $2,700; 10% , $4,700; 20% , $10,000. Number of loans not over $3,000 each, 393, amounting to $596,790.56. 11 real estate loans made during year, amounting to $86,150. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: N ov., 1917, 2 % . . . . . M a y , 1918, 2 M % ............................................... Number of deposits during year, 6,946, amounting to . . . . . Number of withdrawals during year, 3,957, amounting to N et decrease in amount due depositors . . . . . . . . . . . . . $69,489 79 76,115 61 438,591 36 $584,196 76 598,689 58 $14,492 82 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Bar Value. $300 United States 3J4s 1,200 United States 4s 150,580 United States 4)4s Public Funds, Notes. $10,000 Boston 4s Railroad Bonds. $35,000 Baltimore & Ohio 4)4s 45.000 Baltimore & Ohio 5s 59.000 Boston & Maine 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $15,000 B., R. B. & Lynn 4)4s 20.000 C., B. & Q. 4s 20.000 Chic., Mil. & St. Paul 4s 25.000 Chic. & Northw. 4s 30.000 Fitchburg 4s 25.000 Illinois Central 3)4s 30.000 Illinois Central 4s 10.000 Lime Rock 4s 25.000 Michigan Central 4s 10.000 Minn., St. P. & Sit. St. M. 4s 65.000 N. Y., N. H. & H. 3)4s 30.000 N. Y., N. H. & H. 4s 15.000 No. Maine Seaport 5s 10.000 Providence Terminal Co. 4s Street Railway Bonds. Par Value. $50,000 Boston Elevated 4s 25,000 Worcester Con. 4)4s Bank Stocks. Shs. 100 First NI. Bk., Boston 47 Fourth-Atlantic NI. Bk., Boston 54 Old Boston NI. Bk., Boston 27 Webster & Atlas NI. Bk., Boston 102 Wamesit NI. Bk., Lowell 224 REPO RT OF THE [Pub. Doc, MIDDLEBOROUGH SAVINGS BANK, MIDDLEBOROUGH. SOUTH M AIN STREET. Incorporated M arch 15, 1873. Number of corporators, 34; number of trustees, 20. G eobge R. Sampson, President. T heodore N . Wood, Treasurer. G eorge W. Stetson, Clerk of the Corporation. Board of Trustees: C. N . A twood, L. O. A twood, F. L. B arrows, W. G . B oynton, L. H. Carr , J. M C lark, G . E . D oane, E . S. H athaway, C. M. L eonard, E . T. Lincoln, J. A. M iller, A. G. P ratt, M. S. R yder, G . R. Sampson, S. Shaw , J. A. Sparrow, G . W. Stetson, G . E . T illson, E . F . W itham, T . N . W ood. Board of Investment: G . R . Sampson, G . E . D oane, C . N . A twood. Auditing Committee: G . W . Stetson, G . E . T illson, M . S. R yder . Deposits draw interest from first M onday of January, April, July and October; dividends are pay* able the first M onday of April and October. Business hours: 9 a .m . to 12.30 p .m.; 2 to 4 p .m.; Saturdays, 9 a .m . to 12.30 p .m.; also M ondays, 7 to 8 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds Boston Terminal Co. bonds . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 414 loans on real estate (average of each, ¡$£,183.39) . . . . . . 77 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $47,000; assessed value, $36,000) Real estate by foreclosure, etc. (assessed value, $38,300) . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . 8423,875 611,557 195,335 35.000 45,218 2,700 . 30 25 00 00 75 00 2,000 00 903,924 217,228 40.000 30,050 29,985 2,055 00 00 00 00 33 10 . $2,538,928 73 Total Assets Liabilities. Due depositors on 6,800 accounts, averaging $345.80 each . . . . . $2,351,441 14 . . . 117,700 00 62,689 82 (Accounts opened during year, 476; closed, 515; decrease, 39) Surplus: — a. Guaranty fund (5% of deposits; increase during year, none) . b. Profit and loss (increase during year, $1,077.60) . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . $7,220 52 122 75 ------------------------- 7,097 77 . $2,538,928 73 225 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. $ 5 .2 8 .03 Am ount paid for $5,6 6 1 .1 5 $5,172.51 $ 5 00 .00 Cost per $1,000 of assets 2 .2 2 2 .0 5 .19 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $1,211.08 .47 $12,550.02 4 .9 6 2 .5 5 Gross income received during the year, $117,106.41. Rates on Investments and Loans (Average on All, 5.03%). Real estate loans (average rate, 5.89 per cent.): 5% , $75,500; 5 M % , $41,200; 6% , $787,224. Personal loans (average rate, 5.67 per cent.): 5% , $17,450; 5M%> $105,200; 6% , $94,578. Bonds, stocks, etc. (average rate on amounts invested, 4.34 per cent.): 3% , $33,000; 3M%> $143,000; 3 M % , $5,000; 4% , $572,500; 4 M % , $175,000; 4M%> $256,000; 5% , $97,500; 5 M % , $58,000; 6% , $17,700. Number of loans not over $3,000 each, 387, amounting to $435,520. 25 real estate loans made during year, amounting to $40,550. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 )4 % . . . . . Oct., 1918, 2 M % ............................................... Number of deposits during year, 5,065, amounting to . . . . . Number of withdrawals during year, 4,362, amounting t N et increase in amount due depositors . . o . ............................................... . . . . . $50,237 29 50,469 47 320,881 28 $421,588 04 375,939 77 $45,648 27 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. R a ilr o a d B o n d s. Par Value. $65,000 Baltimore & Ohio 4s 35.000 Baltimore & Ohio 4)%s 15.000 Bangor & Aroostook 5s 1.000 Boston & Lowell 3Ms 30.000 Boston & Maine 4s 20.000 C., B. & Q. 3Ms 10.000 Chic., Mil. & St. Paul 4s 40.000 Chic., Mil. & St. Paul 4Ms 25.000 Chicago & Northw. 4s 20.000 Chic., R. I. & Pac. 4s 10.000 Fitchburg 3Ms 11.000 Fitchburg 4s 30.000 Fitchburg 4Ms 16.000 Fitchburg 5s 15.000 Fitchburg 6s, notes Public Funds, Notes. 33.000 Illinois Central 3s $1,500 Halifax 4s 20.000 Illinois Central 3Ms 10.000 Lake Shore & Mien. So. 4s 3.500 Lakeville 4s 25.000 Maine Central 4Ms 16.000 Lakeville 5 Ms 30.000 Middleborough 5Ms 1.000 Maine Central 5s 10.000 Michigan Central 4s 28,500 Middleborough (F. D.) 4s 2.500 Middleborough (F. D.) 5s 49.000 N. Y. C. & H. R. 4s 55.000 N. Y., N. H. & H. 4s 12.000 Middleborough (F. D.) 5Ms Par Value. $175,000 United States 4M b 25.000 Boston 3Ms 10.000 Boston 4s 15.000 Los Angeles, Cal., 4Ms 5.000 New Bedford 4s 35.000 Revere 4s 15.000 Worcester 3Ms 5.000 Winthrop 3%a 15.000 Wrentham 4s 10.000 Kittery, Me. (W. D.), 5s 23.000 Middleborough (F. D.) 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $16,000 No. Maine Seaport 5s 43.000 Old Colony 4s 15.000 Pennsylvania 4Ms 17.000 Sioux City & Pac. 3Ms Street Railway Bonds. $15,000 Boston Elevated 4s 30.000 Boston Elevated 4Ms 10.000 Boston Elevated 5s 25.000 Boston & Northern 4s 1.000 East Middlesex 4s 3.000 Lowell, Law. & Hav. 5s 4.000 Providence & Taunton 5s 29.000 West End 4s 26.000 West End 4Ms 2.000 West End 5s 30.000 Worcester Cons. 4Ms 15.000 Worcester Cons. 5s 10.000 Wore. & Southbridge 4Ms Bank Stocks. Shs. 27 Plymouth Nl. Bk. 226 [Pub. Doc, REPO RT OF THE MIDDLESEX INSTITUTION FOR SAVINGS, CONCORD. M AIN STREET. Incorporated March 4, 1835. Number of corporators, 23; number of trustees, 11. W il l ia m W h e e l e r , President. C h a r l e s E . B r o w n , Treasurer. H e r b e r t W . H o s m e r , Clerk of the Corporation. Board of Trustees: M u r r a y B a l l o u , C . E . B r o w n , S t e d m a n B u t t r ic k , L. N . F o w l e r , P r esco tt K e y e s , E . L. P a r k e r , R u ss e l l R o b b , T h o m as T o d d , Jr., F. A . T o w e r , C . H . T o w l e , W il l ia m W heeler. Board of Investment: W il l ia m W h e e l e r , L . N . F o w l e r , S t e d m a n B u t t r ic k , C. H . T o w l e . Auditing Committee: W il l ia m W h e e l e r , M u r r a y B a l l o u , F . A . T o w e r . Deposits draw interest from first day of March, June, September and December; dividends are pay able January 1 and July 1. Business hours: 9 a .m . to 2 p .m .; Saturdays, 9 a .m . to 12.15 p .m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 407 loans on real estate {average of each, $2,253.02) . . . . I . . 16 loans on personal security . . . . . . . . . . . Bank building and fixtures (estimated value, $12,000; assessed value, $10,800) . . Real estate b y foreclosure, etc. (assessed value, $12,600) . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h .................................................................................................................................................................. T otal Assets $156,800 550,700 115,000 50,000 42,520 10,000 916,980 373,961 10,500 4,964 48,721 1,202 00 00 00 00 00 00 46 16 00 41 15 96 . . . . . $2,281,350 14 . . . . . $2,078,314 59 Liabilities. D ue depositors on 6,123 accounts, averaging $339.43 each (Accounts opened during year, 4 1 2 ; closed, 454; decrease, 42 ) Surplus: — o. Guaranty fund (5.18 % of deposits; increase during year, none) b. Profit and loss (increase during year, $6,642.01) . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . $3,024 75 Less State or local taxes not charged off . . 239 90 ------------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . . 107,600 00 52,777 33 $45,922 87 3,264 65 ------------------------- 42,658 22 . $2,281,350 14 No. 8.] 227 BANK COMMISSIONER. T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $5 ,0 7 3 .3 5 $ 6 ,000.00 $5 0 0 .0 0 Cost per $1,000 of assets 2 .2 2 2 .6 3 .2 2 C ost per $1,000 of assets not including State tax and rent . Other Expenses. $ 9 4 0 .4 7 .41 - Total. $ 1 2,513 .82 5 .4 8 3 .0 4 Gross income received during the year, $109,806. Rates on Investments and Loans (Average on All, 5.25%). Real estate loans (average rate, 5.91 per cent.): 5% , $65,800; 5 M % . $38,200; 6% , $812,980.46. Personal loans (average rate, 6.05 per cent.); 6% , $323,961.16; 034% . $25,000; 6 M % . $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.27 per cent.): 3M%> $253,000; 3'M %, $7,500; 4% , $365,000; 4 M % , $53,300; 4 M % - $110,000; 5% , $115,000; 7% , $20,000; 14% , $10,000. Number of loans not over $3,000 each, 349, amounting to $573,355.46. 30 real estate loans made during year, amounting to $97,400. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: D ec., 1917, 2% June, 1918, 2 Number of deposits during year, 4,017, amounting to . . . . . . ............................................... . . . . Number of withdrawals during year, 3,910, amounting to N et decrease in amount due depositors . . . . . . . . . . . . $40,196 02 44,691 46 259,374 60 $344,262 08 351,773 24 . $7,511 16 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $10,000 U. S. Certs, of Indebt. 4Ms 12.000 United States 3Ms 20.000 United States 4s 42.000 United States 4Ms 21.000 Concord 3Ms 7,500 Concord 3%s 33.000 Concord 4s 11,300 Concord 4Ms Railroad Bonds. $25,000 Baltimore & Ohio 5s 10.000 Boston & Albany 3Ms 10.000 Boston & Maine 4s 25.000 Boston & Maine 4Ms 25.000 C., B. & Q. 3Ms https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Chic. & Northw. 4s 10.000 Cleveland & Pitts. 3Ms 50.000 Concord & Montreal 4s 10.000 Conn. & Passumpsic Riv. 4s 10.000 Conn. Riv. 3Ms 25.000 Delaware & Hudson 4s 25.000 Fitchburg 4s 25.000 Fitchburg 5s 20.000 Illinois Central 3Ms 10.000 Illinois Central 4s 20.000 Kal., Alle. & Gr. R. 5s 25.000 Louisville & Nashville 5s 25.000 Maine Central 4Ms 50.000 Michigan Central 3 Ms 25.000 N. Y. C. & H. R. 3Ms 20.000 N. Y „ N. H. & H. 3Ms 25.000 N. Y „ N. H. & H. 4s Par Value. $20,000 Old Colony 4s 10.000 Portland & R. Falls 4s 10.000 Sullivan Co. 4s 20.000 Troy & Boston 7s Street Railway Bonds. $25,000 50.000 20.000 20.000 Boston Elevated 4s Boston Elevated 4Ms West End 4s West End 5s Bank Stocks. Shs. 100 Concord Nl. Bk. 228 REPO RT OF TH E [Pub. Doc, MILFORD SAVINGS BANK, MILFORD. 236 M AIN STREET. Incorporated April 24, 1851. Number of corporators, 44; number of trustees, 13. C h a r l e s A . C l a f l in , Clerk of the Corporation. Board of Trustees: H . D . B o w k e r , C . A . C l a f l in , C . A . C o o k , H . M . C u r t is s , C . H . D r a p e r , G . A . D r a p e r , S. A . E a s t m a n , G . W . E l l is , F. D . F i e l d , F . P . L e e , W . I. S t im p s o n , A u g u st u s W h e e l e r , W e n d e l l W il l ia m s . Board of Investment: C . A . C o o k , A u g u st u s W h e e l e r , S. A . E a s t m a n . Auditing Committee: H . D . B o w k e r , S. A . E a s t m a n , G . W . E l l i s . Deposits draw interest from second Saturday of January, April, July and October; dividends are pay able the second Saturday of April and October. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 1 P.M. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 490 loans on real estate {average o f each, $1,978.80) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . 402 loans on personal security . . . . . . Bank building and fixtures ( estimated value, $25,000; assessed value, Real estate by foreclosure, etc. (assessed value, $3,300) . . . W ar savings stamps and thrift stamps . . . . . . Deposits in national banks or trust companies . . . . C a s h ............................................................................................ T otal Assets . . . $1,184,446 18 . . 702,966 25 . . . 135,000 00 . . . . 66,243 75 . . . 150,876 50 $967,920 11 1,000 00 ---------------------------------------------- 966,920 11 . . . . 617,328 39 $33,500) . . 25,000 00 . . . 1,852 Ob' . . . 962 91 . . . 10,122 80 1,355 85 . . . . . . . $3,863,074 80 . . . . . $3,579,600 50 Liabilities. Due depositors on 10,072 accounts, averaging $355.40 each {Accounts opened during year, 910; closed, 94-6; decrease, 36) Surplus: — а. Guaranty fund {5.03% of deposits; increase during year, $401.73) . . . б . Profit and loss {increase during year, $ 15,333.71 ) . . . . . . Current income: — Interest . . . . . . . . . . $2,545 25 Less current expenses not charged off . . . . 139 20 ------------------------Deposits or installments received on sales of Liberty Loan Bonds . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities 180,222 86 100,344 80 2,406 05 500 59 . $3,863,074 80 BANK COMMISSIONER No. 8.] 229 Total Expenses for the Year , including State Taxes. State Tax (Net). Salaries. Rent. Advertising. $ 6 ,670.65 Am ount paid for $ 9 ,782.92 $8 0 0 .0 0 1 .7 3 .21 Cost per $1,000 of assets 2 .5 3 Cost per $1,000 of assets not including State tax and rent . $1 4 2 .1 5 .04 Other Expenses. $ 1 ,263.73 .33 Total. $ 1 8,659 .45 4 .8 4 2 .1 0 Gross income received during the year, $178,356.42. Rates on Investments and Loans (Average on All, 5.09%). Real estate loans (average rate, 5.90 per cent.): 4:14%, 856,500; 5% , $11,050; 6% , $899,370.11. Personal loans (average rate, 5.93 per cent.): 4 M%. $23,670.89; 4M % i $5,500; 5% , $5,232.50; 6% , $547,925; 6M%. $10,000; 6 M % , $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.51 per cent.): '¡14%, $220,000; 3 M % , $2,500; 4% , $816,900; 4 M%. $255,986.18; 4 M % , $429,000; 10% , $28,500; 12% , $800; 20% , $21,000. 5% , $387,000; 8%, $42,600; 9% , $4,700; Number of loans not over $3,000 each, 821, amounting to $582,828.10. 58 real estate loans made during year, amounting to $82,390. / Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1 9 1 8 ,2 % Number of deposits during year, 8,522, amounting to $67,811 40 68,501 41 583,825 20 Number of withdrawals during year, 8,033, amounting to $720,138 01 690,746 82 N et increase in amount due depositors $29,391 19 SCHEDULE OF SECURITIES OWNED. P u b lic F u n d s, B o n d s. Par Value. $255,500 United States 4Ms 10.000 Massachusetts 3Ms 12.000 Massachusetts 4s 25.000 Akron, O., 5s 45.000 Boston 4s 6.000 Bridgeport, Ct., 4s 15.000 Bridgeport, Ct., 4Ms 20.000 Brockton 4s 20.000 Cambridge 4s 20.000 Cleveland, O., 4Ms 6.000 Fall River 4s 13.000 Haverhill 4s 6.000 Lawrence 4s 20.000 Lorain, 0 ., 5s 25.000 Los Angeles, Cal., 4Ms 20.000 Lynn 4s 50.000 New Bedford 4s 10.000 Salem 4s 20.000 San Francisco, Cal., 5s 20.000 Seattle, Wash., 4Ms 20.000 Somerville 4s 15.000 Spokane, Wash., 4Ms 20.000 St. Paul, Minn., 4Ms 27.000 Taunton 4s 23.000 Toledo, 0 ., 4Ms 25.000 Waterbury, Ct., 4Ms 50.000 Worcester 4s 10.000 Douglas 4s 9.000 Franklin 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $2,000 Medway 4s 50.000 Stamford, Ct., 4Ms 15.000 Tiverton, R. I., 4s 10.000 W. & So. Acton (W. D.) 4s 25.000 So. Hadley (F. D.) 4s Public Funds, Notes. $2,000 Bellingham 4s 20,500 Bellingham 5s 40.000 Hopedale 5s 2.500 Mendon 3Ms 900 Mendon 4s 3.500 Mendon 5s 10.000 Milford 3Ms 16.000 Milford 4s 486 Milford 4Ms 5,000 Milford 4Ms 156,000 Milford 5s 14.000 Upton 5s Railroad Bonds. $50,000 Baltimore & Ohio 4Ms 50.000 Boston & Albany 3Ms 50.000 Boston & Albany 4s 12.000 Boston & Albany 5s 30.000 Boston & Maine 4s 60.000 Boston & Maine 4Ms 25.000 C., B. & Q. 3Ms 75.000 C., B. & Q. 4s Par Value. $36,000 Chic., Mil. & St. Paul 5s 10.000 Cleveland & Pitts. 4Ms 10.000 Fitchburg 4s 20.000 Minn., St. P. & Sit. St. M. 4s 15.000 New England 5s 50.000 N. Y. C. & H. R. 3Ms 75.000 N. Y „ N. H. & H. 3Ms 50.000 N. Y „ N. H. & H. 4s 25.000 No. Maine Seaport 5s 25.000 Northern Pacific 4Ms 12.000 Old Colony 4s 31.000 Pennsylvania 4Ms Street Railway Bonds. $40,000 Boston Elevated 4s 25.000 Boston Elevated 4Ms 60.000 West End 4s 10.000 Worcester Cons. 4Ms B a n k S tock s. Shs. 210 First Nl. Bk., Boston 8 Merchants Nl. Bk., Boston 285 Nl. Shawmut Bk., Boston 47 Nl. Union Bk., Boston 12 Webster & Atlas Nl. Bk., Boston 125 Home Nl. Bk., Milford 289 Milford Nl. Bk. [Pub. Doc. REPORT OF THE 230 MILLBURY SAVINGS BANK, MILLBURY. ELM STREET. Incorporated April 10, 1854. Number of corporators, 47; number of trustees, 19. G e o r g e J. D u d l e y , President. E r n e s t L. S m it h , Treasurer. E d w a r d F. R ic e , Clerk of the Corporation. Board of Trustees: H . W . A ik e n , H . W . C a r t e r , T . A . D o w d , D a m ie n D u c h a r m e , G . J. D u d l e y , H . W . G l o v e r , H . M . G o d d a r d , J. R . L in c o l n , H . T . M a x w e l l , F. W . M o o r e , J. W . P ie r c e , E . F. R i c e , H . F. R i c e , E . L. S m it h , G . I. S t o w e , T . H . S u l l iv a n , L . S. W a t e r s , W . W . W in d l e , T . A . W in t e r . Board o f Investment: G . J. D u d l e y , H . W . C a r t e r , D a m ie n D u c h a r m e , J. R . L in c o l n , G . I. St o w e . Auditing Committee: T . A . D ow d, H . T . M a x w e l l , F. W . M oore. Deposits draw interest from first day of January, April, July and October; dividends are payable January 15 and July 15. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m . STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . Securities acquired in settlement of indebtedness . 492 loans on real estate {average o f each, $2,931.86) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,442,674 81 . . . 200 00 ------------------------30 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $20,000; assessed value, $11,800) . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ................................................................................................................................................................... . . . . . . . . . . $294,096 419,865 94,000 32,448 16,400 14,331 21 54 00 75 00 91 1,442,474 81 57,807 00 10,000 00 181 07 38,493 38 3,939 98 Total A s s e t s ...........................................$2,424,038 65 Liabilities. Due depositors on 4,883 accounts, averaging $432.77 each $2,113,205 31 {Accounts opened during year, 458; closed, 287; increase, 171) Surplus: — a. Guaranty fund {4.87% of deposits; increase during year, $2,370.22) . h. Profit and loss {increase during year, $6,262.73 ) . . . . Current income: — а. Interest . . . . . . . $36,745 24 б. Rent . . . . . . 169 54 102,860 55 107,635 85 $36,914 78 Less current expenses not charged off Less State or local taxes not charged off $1,775 36 247 80 2,023 16 34,891 62 65,351 32 94 00 Deposits or installments received on sales of Liberty Loan Bonds Suspense account https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . $2,424,038 65 BANK COMMISSIONER. No. 8.] 231 T otal Expenses for the Year , including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Total. Other Expenses. $1,449.34 .59 $ 4 00 .06 .16 Am ount paid for $1,976.51 $3,311.42 $5 0 0 .1 0 .20 Cost per $1,000 of assets .81 1 .4 0 rent . Cost per $1,000 of assets not including State tax and $7,637.43 3 .1 6 2 .1 5 Gross income received during the year, $107,357.45. Rates on Investments and Loans (Average on All, 4.89%). Real estate loans (average rate, 5.11 per cent.): 5% , $1,262,556.81; 5J^%, $58,000; 5J^%, $12,000; 6% , $59,918; 6)4% , $35,000; 7% , $15,000. Personal loans (average rate, 5.94 per cent.): 5% , $2,860; 5% % , $3,400; 6% , $41,547; 6 M % , 810,000. Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3.^2%, $35,600; 4% , $263,050; 4 J i% , $113,450; 4 ^ % , $210,000; 5% , $217,000; 5}/2% , $10,000; 6% , $2,000; 7% , $1,200; 8% , $3,700; 10% , $6,000; 12% , $3,500. Number of loans not over $3,000 each, 422, amounting to $487,447. 35 real estate loans made during year, amounting to $69,925. Dividends, Deposits and Withdrawals. $39,232 41,000 4,889 5,000 267,537 Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Extra dividends declared during year, Jan. 1918, )4% July, 1918, M % Number of deposits during year, 3,507, amounting to $357,659 08 259,886 84 Number of withdrawals during year, 3,098, amounting to N et increase in amount due depositors . . . 12 00 22 00 74 . . . . . $97,772 24 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $600 United States 3bis 32,450 United States 4s 113,450 United States 4bis 25.000 Massachusetts 3}4s 15.000 Holyoke 4s 5,500 Longmeadow 4s 8.000 Marshfield 4s 5.000 Saugus 4s 9.000 Shelburne Falls 4s 6.000 South Hadley 4s Public Funds, N otes. $35,000 Millbury 5s 9,100 Sutton 4s 20.000 Sutton 5s 10.000 Uxbridge 5bis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $10,000 Baltimore & Ohio 4)4s 20.000 Baltimore & Ohio 5s 10.000 Boston & Albany 4s 20.000 Boston & Albany 5s 74.000 Boston & Maine 4)4a 16.000 B., R. B. & Lynn 4bis 5.000 Ohio., Mil. & St. Paul 4J^s 30.000 Chic., Mil. & St. Paul 5s 10.000 Chi. & Northw. 4s 25.000 Fitchburg 4bis 26.000 Fitchburg 5s 30.000 Illinois Central 4s 15.000 Louisville & Nashville 5s 20.000 Maine Central 4)4s 10.000 Michigan Central 4s 10.000 New London North. 4s 10.000 N. Y. C. & H. R. 4bis 10.000 N. Y „ N. H. & H. 3 ^ s 39.000 N. Y., N. H. & H. 4s 20.000 No. Maine Seaport 5s 10.000 Pennsylvania 4bis 5.000 Portland Terminal Co. 4s Street Railway Bonds. Par Value. $30,000 Boston Elevated 4)4s 5.000 Boston & Northern 4s 21.000 Lynn & Boston 5s 13.000 Springfield 4s 5.000 West End 4s 10.000 West End 4)4s 10.000 West End 5s Bank Stocks. Shs. 25 Metropolitan Tr. Co., Boston 35 Second Nl. Bk., Boston 10 Webster & Atlas Nl. Bk., Boston 2 Millbury Nl. Bk. 20 North Adams Nl. Bk. 12 Ware Trust Co. 60 Worcester Bank & Trust Co. REPO RT OF THE 23 2 [Pub. Doc, MILTON SAVINGS BANK, MILTON. 62 ADAM S STREET. Incorporated M a y 18, 1905. Number of corporators, 32; number of trustees, 18. H . C l iff o r d G a l l a g h e r , President. F r e d e r ic k C h a s e , Clerk of the Corporation. F r e d e r ic k A . G a s k in s , Treasurer. W il l ia m G . S w a n , Assistant Treasurer. Board o f Trustees: J. B . B a x t e r , T . K . C u m m in s , H . C . G a l l a g h e r , S a m u e l G a n n e t t , F. A . G a s k in s , J. P. H o l m e s , W a l t e r J a c k s o n , R . M . J o h n s o n , C . S. P ie r c e , M . V . P i e r c e , J. F. P o p e , N . H . S t o n e , J oh n T a l b o t , W . B . T h u r b e r , A . H . T u c k e r , E . P. W h it n e y , C . W. W h it t i e r , G e o r g e W ig g l e s w o r t h . Board o f Investment: Auditing Committee: H . C . G a l l a g h e r , J oh n T a l b o t , T . K . C u m m in s , N . H . S t o n e , G e o r g e W ig g l e s w o r t h . A . H . T u c k e r , E . P. W h it n e y , C . W . W h it t ie r . Deposits draw interest from second Thursday of March, June, September and December; dividends are payable the fourth Thursday of March and September. Business hours: M ondays, Wednes days and Fridays, 4 to 6.30 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . . . 82 loans on real estate (average of each, $£,864-94) . . . . . . 8 loans on personal security . . . . . . . . . Deposits in national banks or trust companies . . . . . . C a s h ........................................................................................................................................................ Total Assets . . . . $42,605 441,108 9,300 15,220 234,925 96,750 2,866 1,918 . 70 45 00 00 00 00 13 81 $844,694 09 Liabilities. Due depositors on 2,807 accounts, averaging $289.32 eaoh $812,136 90 ( Accounts opened during year, 267; closed, 240; increase, 27) Surplus: — a. Guaranty fund (2% of deposits; increase during year, $2,007.47) b. Profit and loss (decrease during year, $162.49 ) Current income: — Interest . . . . . ‘ Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 16,250 54 13,769 01 $3,005 52 467 88 ----------------- 2,537 64 . $844,694 09 233 BAN K COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 2 ,834.24 $ 1 ,000.00 $ 5 0 0 .0 0 C ost per $1,000 of assets 3 .3 6 1 .1 8 .5 9 C ost per $1,000 of assets not including State tax and rent Advertising. $ 1 10 .25 .1 3 Other Expenses. $ 4 73 .94 .5 6 Total. $ 4,918.43 5 .8 2 1 .8 7 Gross income received during the year, $38,056.79, Rates on Investments and Loans (Average on All, 4.84%). Real estate loans (average rate, 5.50 per cent.): 5% , $4,000; 5J^%, $225,425; 6% , $5,500. Personal loans (average rate, 6.01 per cent.): 6% , $91,750; 6M%> $5,000. Bonds, stocks, etc. (average rate on amounts invested, 4.05 per cent.): 3% , $30,000; 3M % , $15,000; 4% , $376,946.60; 4 % % , $20,500; 4 M % , $84,000; 5% , $15,000. Number of loans not over $3,000 each, 65, amounting to $119,475. 9 real estate loans made during year, amounting to $27,650. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: March, 1918, 2 % Sept., 1918, 2% Number of deposits during year, 2,459,. amounting to Number of withdrawals during year, 2,171, amounting to N et increase in amount due depositors $14,953 45 15,179 11 145,842 35 $175,974 91 158,121 50 $17,853 41 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $15,500 United States 4Mb 10,000 United States 4}4b 5.000 Boston 3Ms 3.000 Boston 4s 5.000 Boston 4Mb 3.000 Los Angeles, Cal., 4J^s 1.000 Milton 4s Railroad Bonds. $10,000 Allegheny Valley 4s 25.000 Atch., Top. & Santa F6 4s 5,000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4J^s 15.000 Baltimore & Ohio 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. Par Value. $35,000 N. Y. C. & H. R. 4s $25,000 Boston & Albany 4s 40.000 N. Y., N. H. & H. 4s 10.000 Boston & Maine 4Mb 10.000 New York & Putnam 4s 10.000 C„ B. & Q. 3Hs 15.000 Northern Pacific 3s 20.000 C., B. & Q. 4s 10.000 Northern Pacific 4s 10.000 Chic., Mil. & St. Paul 4s 10.000 Pennsylvania 4Mb 11.000 Chic., Mil. & St. Paul 4Mb 10.000 Ports., Gt. Falls & Con. 4Mb 25.000 Chic. & Northwestern 4s 1.000 Portland & Rumford Falls 4s 5.000 Chic., R. I. & Pac. 4s 1,946 St. Paul, Minn. & Man. 4s 20.000 Delaware & Hudson 4s 10.000 Southern Pacific 4s 5.000 Fitchburg 4s 25.000 Union Pacific 4s 10.000 Fitchburg 4Mb 5.000 Wash. & Columbia River 4s 10.000 Illinois Central 3s 23.000 Illinois Central 4s 10.000 I;. S. & Michigan South. 4s 5.000 Little Falls & Dolgeville 3s 10.000 Maine Central 4J^s Street Railway Bonds. 5.000 Minn., Sit. St. M. & A. 4s 20.000 Minn., St. P. & Sit. St. M. 4s $10,000 Boston & Northern 4s REPO RT OF TH E 234 [Pub. Doc MONSON SAVINGS BANK, MONSON. 64 M AIN STREET. Incorporated March 29, 1872. Number of corporators, 31; number of trustees, 13. C arlos M . G age, President. Charles A . B radway, Treasurer. W illiam L. R icketts, Clerk of the Corporation. Board of Trustees: F. L. B liss, C . A . B radway, R . P. C ushman, R ufus F ay , G . C . F lynt, L. C . F lynt, C . M . Gage, C . W . Jackson, O. C . M cC ray , C . L . R icketts, W . L . R icketts, A . E . Shaw , P. W . Soule. Board of Investment: C . M . Gage , L. C . F lynt, R . P. C ushman, C . L. R icketts. Auditing Committee: R. P. C ushman, R ufus Fay , F. L. B liss. Deposits draw interest from first day of January, April, July and October; dividends are payable April 1 and October 1. Business hours: 9 a .m . to 12 m.; 1 to 4 p .m.; Saturdays, 9 a .m . to 12 m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . . . Street railway bonds . . . . . * . . Boston Terminal Co. bonds . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . Stocks of banks and trust companies . . . . . . 443 loans on real estate (average of each, $2,871.98) . . . 52 loans on personal security . . . . . . . Bank building and fixtures (estimated value, ■$18,000; assessed value, W ar sayings stamps and thrift stamps . . . . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $18,000) . . . . . . . . . $471,293 445,767 64,950 35,000 27,200 17,000 1,272,289 82,970 16,000 604 23,440 8,487 75 50 00 00 00 00 78 00 00 33 42 60 $2,465,003 38 Liabilities. Due depositors on 3,775 accounts, averaging $566.90 each . $2,140,075 11 (Accounts opened during year, 319; closed, 260; increase, 59) Surplus: — a. Guaranty fund (4.99% of deposits; increase during year, $3,000) b. Profit and loss (increase during year, $4,000) Current income: — o. Interest . . . . . . . $18,959 33 b. Suspense account . . . . . 285 00 Less current expenses not charged off . . . Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 107.000 00 113.000 00 $19,244 33 429 38 ------------------ 18,814 95 177 91 85,935 41 . $2,465,003 38 BAN K COMMISSIONER. No. 8.] 235 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $ 6 9 .7 5 .03 $ 1 ,009.47 .05 $ 7 ,050.36 2 .5 1 1 .5 4 Am ount paid for $ 2 ,391.14 $ 3 ,580.00 C ost per $1,000 of assets .9 7 1 .4 6 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $112,181.15. Rates on Investments and Loans (Average on All, 4.99%). Real estate loans (average rate, 5.66 per cent.): 5 )4 % , $1,254,514.78; 6% , $17,775. Personal loans (average rate, 5.87 per cent.): 53/2%, $20,000; 6% , $62,970. Bonds, stocks, etc. (average rate on amounts invested, 4.30 per cent.): 3 )4 % , $125,000; 4% , $449,000; 4 M % , $292,150; 4 )4 % , $105,600; $4,500. 5% , $50,000; 6% , $35,500; 8% , $1,500; 12% , $5,500; 16%, Number of loans not over $3,000 each, 307, amounting to $380,454.78. 9 real estate loans made during year, amounting to $11,400. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2)4% Oct., 1918, 2 M % Number of deposits during year, 2,159, amounting to $46,129 78 46,936 05 229,258 87 • $322,324 70 275,565 56 Number of withdrawals during year, 2,279, amounting to N et increase in amount due depositors . . . . $46,759 14 . SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $282,150 United States 4)4s 10.000 Massachusetts 334s 10.000 Massachusetts 4s 10.000 Boston 4s 10.000 Boston 4)4s 20.000 Brockton 4s 10.000 Everett 4s 10.000 Lynn 4s 10.000 Malden 4s 10.000 Minneapolis, Minn., 4s 10.000 Newton 4s 10.000 Philadelphia, Pa., 4s 10.000 Pittsfield 4s 10.000 Concord 3J4s 10.000 Cumberland, R. I., 4s 5.000 East Providence, R. I., 4s 5.000 Methuen 4s 5.000 Monson 4s 10.000 Natick 4s Public Funds, Notes. $600 Holland 4)4s 14,000 Monson 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $10,000 Bangor & Aroostook 5s 18.000 Boston & Albany 4s 15.000 Boston & Lowell 4)4s 20.000 Boston & Maine 4s 10.000 Boston & Maine 4)4s 10.000 Boston & Providence 6s 20.000 C., B. & Q. 334s 17.000 C., B. & Q. 4s 10.000 Chi., Mil. & St. Paul 434s 20.000 Chic., Mil. & St. P. 5s 10.000 Cleveland & Pitts. 434s 10.000 Concord & Montreal 4s 10.000 Conn. & Pass. Rivers 4s 10.000 Conn. River 4s 10.000 Delaware & Hudson 4s 20.000 Fitchburg 4s 10.000 Fitchburg 5s notes 10.000 Illinois Central 3J4s 10.000 Illinois Central 4s 10.000 Lake Sh. & Mich. So. 334s 10.000 Louis., Cin. & Lex. 434s 20.000 Maine Central 4J4s 10.000 Michigan Central 334s 10.000 New London Northern 4s 10.000 N. Y. C. & H. R. 334s Par Value. $10,000 N. Y . C. & H. R. 4s 10.000 N. Y., L. & W. 6s 30.000 N. Y., N. H. & H. 4s 10.000 Norwich & Worcester 4s 10.000 Old Colony 4s 30.000 Pennsylvania 434s 10.000 Sioux City & Pacific 334s 10.000 St. P. & Nor. Pac. 6s 10.000 U. N. J. R.R. & Canal Co. Street Railway Bonds. $10,000 Boston Elevated 4s 10.000 Boston & Northern 4s 25.000 Springfield 4s 10.000 West End 4s 10.000 West End 5s Bank Stocks. Shs. 45 First Nl. Bk., Boston 30 Merchants Nl. Bk., Boston 25 City Nl. Bk., Holyoke 30 Monson Nl. Bk. 15 Palmer Nl. Bk. 25 Union Trust Co., Springfield 236 REPO RT OF THE [Pub. Doc, NANTUCKET INSTITUTION FOR SAVINGS, NANTUCKET. 55 Incorporated April 2, 1834. M AIN STREET. Number of corporators, 38; number of trustees, 19. Josiah F. M urphey, Clerk of the Corporation. W alter M. B urdick, Assistant Treasurer. Board of Trustees: A . G . B rock, W . C. B rock, H enry B rown, W. M. B urdick, W . F. C odd, E . B. C oleman, A . H . C ook, W illiam H olland, J. A . H olmes, Jr., L ester H ull, E . H . Jernegan , J. F . M urphey, H enry Paddack, B. E . P ease, G . C. R ule , R. C. Small, E . G . T homas, A . T . W inslow, J. M. W inslow. Board of Investment: H enry B rown, A . H. C ook, E . H. Jernegan, J. A . H olmes, Jr., G. C. R ule , R . C . Small, E . G . T homas. Auditing Committee: E . B . C oleman, W illiam H olland, J. M . W inslow . Deposits draw interest from first M onday of January, April, July and October; dividends are payable the second M onday of January and July. Business hours: 9 a .m . to 1 p .m . from M a y 1 to N ovem ber 1; 10 a .m . to 1 p .m . from November 1 to M a y 1. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . . Street railway bonds . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . Stocks of banks and trust companies . . . . . . . 416 loans on real estate {average of each, $1,716.26) . . . . . 25 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $6,000; assessed value, $6,230) Real estate by foreclosure, etc. (assessed value, $800) . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $201,000 131,576 30,000 20,000 16,243 2,000 713,964 70,038 4,500 365 7,580 2,358 00 65 00 00 75 00 00 50 00 05 71 10 T otal A s s e t s ...........................................$1,199,626 76 Liabilities. D ue depositors on 2,200 accounts, averaging $487.96 each . . . . . $1,073,520 27 (Accounts opened during year, 173; closed, 210; decrease, 37) Surplus: — a. Guaranty fund (4-07% of deposits; increase during year, $210.67) . . . b. Profit and loss (increase during year, $13.42) . . . . . . Current income: — o. Interest . . . . . . . $18,331 53 b. Rent . . . . . . . 163 67 ------------------------$18,495 20 Less current expenses not charged off . . . . 1,180 73 ------------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 53,321 48 55,470 54 17,314 47 . $1,199,626 76 237 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Total. Other Expenses. $ 6 93 .24 .5 8 Am ount paid for $ 1 ,163.69 $ 2 ,276.48 $1 0 0 .0 0 Cost per $1,000 of assets .9 6 1 .9 0 .08 Cost per $1,000 of assets not including State tax and rent $4,233.41 3 .5 2 2 .4 8 Gross income received during the year, $59,481.60. Rates on Investments and Loans (Average on All, 5.26%). Real estate loans (average rate, 5.78 per cent.): 5% , $13,800; 5M%> $282,269; 6% , $417,895. Personal loans (average rate, 5.83 per cent.): 4 )4 % , $5,888.50; 5J^%, $3,500; 6% , $60,650. Bonds, stocks, etc. (average rate on amounts invested, 4.24 per cent.): 3J^%, $62,000; 4% , $179,000; 4 M % , $45,000; 4 y2%, $95,000; 5% , $8,000; 6% , $5,000; 7% , $11,000. Number of loans not over $3,000 each, 360, amounting to $364,308.50. 27 real estate loans made dining year, amounting to $25,925. Dividends, Deposits and Withdrawals. $25,808 25,589 2,560 123,410 Ordinary dividends declared during year: Jan., 1918, 2J^>% July, 1918, 2 ^ % Extra dividend declared during year, July, 1918, M % Number of deposits during year, 1,549, amounting to $177,369 63 167,527 76 Number of withdrawals during'year, 2,059, amounting to $9,841 87 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $40,000 United States 4s 40.000 United States 4 bis 10.000 Massachusetts 4s 10.000 Albany, N. Y., 4Mis 3.000 Bay City, Mich., 4s 10.000 Boston 4s 5.000 Cleveland, 0 ., 4Hs 10.000 Fall River 4s 5.000 Jersey City, N. J., 4J^s 5.000 Lawrence 4s 5.000 Malden 4s 3.000 Middletown, Ct., 3J^s 5.000 Newark, N. J., 4J4s 15.000 San Francisco, Cal., 4J^s 5.000 Seattle, Wash., 4}4s 10.000 St. Paul, Minn., 4Ms 10.000 Waltham 4s 5.000 Billerica 4s 5.000 Dedham 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $10,000 Baltimore & Ohio 4s 5.000 Boston & Maine 4s 10.000 Boston & Maine 4Mb 22.000 C., B. & Q. 3Hs 5.000 C., B. & Q. 4s 7.000 Chicago & Northwestern 5s 17.000 Illinois Central 3Mb 18.000 Illinois Central 4s 10.000 N. Y. C. & H. R. 4s 5.000 N. Y. C. & H. R. 6s 5.000 N. Y., N. H. & H. 4s 10.000 Pennsylvania 4Mb 1.000 Upper Coos 4s 10.000 Upper Coos 4Ms 26 47 98 92 Street Railway Bonds. Par Value. $10,000 Boston Elevated 4Mb 10.000 Springfield 4s 10.000 West End 7s Bank Stocks. Shs. 10 Boylston Nl. Bk., Boston 15 Eliot Nl. Bk., Boston 10 Old Boston Nl. Bk., Boston 10 Pacific Nl. Bk., Nantucket [Pub. Doc. REPORT OF THE 238 NATICK FIVE CENTS SAVINGS BANK, NATICK. 6 M AIN STREET. Incorporated April 5, 1859. Number of corporators, 33; number of trustees, 14. H enry C . M ulligan , President. C . A kthub D owse, Treasurer. H enry G. F iske, Clerk o f the Corporation. W . R . B igelow, W . H . C olby, F . E . C ummings, C. A . D owse, W . L. F elch, H . G. F iske , F. H . H ayes , J. B . Leamy, H . C. M ulligan , W . H . P feiffer, C. A . P ooke, J. H . Pratt, W . B . R obinson, J. W . W alcott. Board o f Trustees: Board o f Investment: H . C. M ulligan , F. H . H ayes , W . B . R obinson, C . A . P ooke, J. B . L eamy, W . H . C olby. Auditing Committee: H . G. F iske , J. H . P ratt, J. B . L eamy. Deposits draw interest from first day of February, M ay, August and November; dividends are payable the second Tuesday of M a y and November. Business hours: 9 a .m . to 3 p .m.; Saturdays, 9 a .m. to 12 m .; 7 to 9 p .m ., for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . . . . . . . . . American Tel. & Tel. Co. bonds Stocks of banks and trust companies . . . Securities acquired in settlement of indebtedness . 1,322 loans on real estate {average of each, $2,110.09) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . $1,202,646 00 598,587 50 131,000 00 23,256 25 90,218 75 22,500 00 1,950 00 . . . . . . . . . . . . . . . . . . . . $2,790,117 00 . . . 575 00 ------------------------49 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $85,000; assessed value, $82,750 ) . . Real estate by foreclosure, etc. (assessed value, $18,160) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . . . . . . Total Assets 2,789,542 00 42,024 00 15,000 00 13,547 82 301 52 336 59 104,424 34 18,236 67 . . . . . $5,053,571 44 . . . . . $4,469,457 01 Liabilities. D ue depositors on 13,114 accounts, averaging $340.81 each {Accounts opened during year, 667; closed, 896; decrease, 289) Surplus: — o. Guaranty fund {5.7.1% of deposits; increase during year, none) . b. Profit and loss {increase during year, $21,466.28) . . . . . Unearned discount . . . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds . . . Insurance account, due mortgagor . . . . . . . . T otal Liabilities . . . . . . 228,488 347,896 2,150 2,752 2,826 . $5,053,571 44 . . . . . 00 95 28 75 45 " T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 2 ,666.23 $8,542.01 $1,0 0 0 .0 0 C ost per $1,000 of assets .53 1 .6 9 .20 C ost per $1,000 of assets not including State tax and rent . Gross income received during the year, $232,426.91. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. $ 6 4 .5 0 .01 . . Other Expenses. $ 2 ,2 8 6 .1 5 .4 5 . . . Total. $14,558 .89 2 .8 8 2 .1 5 No. 8. BANK COMMISSIONER 239 Rates on Investments and Loans (Average on All, 4.84%). Real estate loans (average rate, 5.01 per cent.): 5% , $2,756,022; 5J^%, $6,440; 6% , $27,080. Personal loans (average rate, 5.56 per cent.): 5% , $9,688; 5 )^ % , $17,800; 6% , $14,536. Bonds, stocks, etc. (average rate on amounts invested, 4.12 per cent.): 3J^%, $40,000; 4% , $1,367,550; 4 J i% , $233,600; 4 ^ % , $182,200; 5% , $89,000; 5 )^ % , $145,000; 6% , $106,400; 8 % ,'$2,100; 10% , $12,000; 12% , $1,000; 20% , $4,000. Number of loans not over $3,000 each, 1,114, amounting to $1,499,941. 4 3 real estate loans made during year, amounting to $51,850. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year; N ov., 1917, 2% M ay, 1918, 2% Extra dividends declared during year: N ov., 1917, }4 % M ay, 1918, H % Number of deposits during year, 10,799, amounting to $87,411 86,657 10,887 10,779 547,846 37 61 17 20 26 $743,581 61 789,401 36 Number of withdrawals during year, 8,575, amounting to Net decrease in amount due depositors $45,819 75 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $15,000 United States 3Hs 319,650 United States 4)4s 10.000 Massachusetts 4s 3.000 Beverly 4s 103,000 Boston 4s 24.000 Brockton 4s' 2.000 Cambridge 4s 8.000 Chelsea 4s 40.000 Fall River 4s 28.000 Gloucester 4s 27.000 Haverhill 4s 14.000 Lawrence 4s 40,500 Lowell 4s 8.000 Lynn 4s 7.000 Marlborough 4s 5.000 Medford 4s 7.000 New Bedford 4s 5.000 Portland, Ore., 6s 10.000 Salem 4s 6.000 Taunton 4s 10.000 Worcester 4s 18.000 Adams 4 }ia 4.000 Agawam 4s 10.000 Amesbury 4s 4.000 Amherst 4s 5.500 Chicopee 4s 20.000 East Bridgewater 4s 25.000 Franklin 4s 1.000 Great Barrington 4s 15.000 Hadley 4s 14.000 Hingham 4s 500 Holbrook 4s 2.000 Lexington 4)4s 5.000 Lincoln 4s 11.000 Littleton 4s 2.500 Medway 4s 2.000 Methuen 4s 12.000 Milford 4s 37.000 Natick 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $1,000 N. Andover 4s 5.000 Peabody 4s 28,000 Pittsfield 4)^s 1.500 Reading 4s 2.000 Swampscott 4s 4,200 Wayland 4s 2.000 Ware 4s 101.000 Wellesley 4s 9.000 Winthrop 4s 4.000 Wrentham 4s Public Funds, Notes. $3,000 Agawam 4s 7.000 Athol 4s 3.000 Methuen 4s 51,300 Natick 4s 25,200 Natick 4Ks 5.000 Natick 5s 140.000 Natick 5J^s 1.000 Reading 4s 1.500 So. Hadley 4s 7.000 Sudbury 4s 1.000 Wayland 4s 5.000 Wayland 5s 5.000 Wayland 5Hs Railroad Bonds. $20,000 Baltimore & Ohio 4J^s 5.000 Bangor A Aroostook 5s 13.000 Boston & Albany 4s 10.000 Boston & Albany 5s 92.000 Boston & Maine 4s 34.000 C., B. & Q. 4s 4.000 C., B. & Q. 5s 10.000 Chic., Mil. & St. Paul 4s 10.000 Chic., Mil. & St. Paul 4J^s 3.000 Chic. & Northw. 5s 35.000 Chic. & Northw. 6s 23.000 Concord & Montreal 4s Par Value. $15,000 Dexter & Piscataquis 4s 47.000 Fitchburg 4s 10.000 Illinois Central 4s 10.000 Lake Shore & Mich. So. 4s 22.000 Louisville & Nashville 6s 10.000 Maine Central 4L£s 4.000 Mil., L. S. & Western 6s 15.000 Minn., St. P. & Sit. St. M. 5s 35.000 N. Y. C. & H. R. 4s 50.000 N. Y., N. H. & H. 4s 10.000 No. Maine Seaport 5s 38.000 Old Colony 4s 12.000 Philadelphia & Erie 6s 8.000 Pitts., Va. & Char. 4s 2.000 Rome, Watertown & Og. 5s 30.000 St. Paul, Minn. & Man. 4J^s 25.000 St. Paul & Sioux City 6s 10.000 Wor., Nash. & Roch. 4s Street Railway Bonds. $40,000 16.000 5,000 20.000 25.000 25.000 Boston Elevated 4s Boston Elevated 4)^3 Lynn & Boston 5s Springfield 4s West End 4J^s West End 5s Bank Stocks. Shs. 7 Boylston Nl. Bk., Boston 40 First Nl. Bk., Boston 10 Second Nl. Bk., Boston 5 Webster & Atlas Nl. Bk., Boston 16 Dedham Nl. Bk. 17 Framingham Nl. Bk. 120 Natick Trust Company 10 First Nl. Bk., West Newton 240 REPO RT OF THE [Pub. Doc, NEW BEDFORD FIVE CENTS SAVINGS BANK, NEW BEDFORD. 791 PURCHASE STREET. Incorporated April 14, 1855. Number of corporators, 110; number of trustees, 38. Jireh Swift , Jr., President. G eorge H . H . A llen, Clerk of the Corporation. W illiam H . P itman, Treasurer. William F . T urner, Assistant Treasurer. Board of Trustees: G. H. H. A llen, J. W. A llen, B enjamin Baker , J. H. B arrows, W. H. B assett, R . L. B aylies , O. F. B rown, J. H. C lifford, R . C . P. C oggeshall, H. C . D enison, W. O. D evoll, H . H. D ixon , John D uff, F. H . G ifford, A . M cL . G oodspeed, J. H . H erring, E . W. H ervey, H. W. H eryey, C. M . H ussey, H. M . K nowles, H. S. K nowles, L. C . L apham, P. M . L und, A . G . P ierce, Jr., A . R . P ierce, O. N . P ierce, Joseph P oisson, W. A . R obinson, Jr., W . H. Snow, J. V . Spare, J. E . Stanton, Jr., Jireh Swift , Jr., A . L. Sylvia , F rederic T aber , H . W. T aber , A . L. T ucker , J. W. Webster, W. R . W est. Board of Investment: B enjamin B aker , W. O. D evoll, J. H. H erring, P. M . L und, A . G. P ierce , Jr.,. O. N . P ierce, Jireh Swift , Jr., A . L. T ucker , W. R . W est. Auditing Committee: Jireh Swift , Jr., J. W . W ebster, R . C. P. C oggeshall. Deposits draw interest from second Wednesday of January, April, July and October; dividends are payable the third Wednesday of April and October. Business hours: 9 a .m . to 1 p .m.; also Sat urdays, 2.30 to 4.30 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . 1,699 loans on real estate (average o f each, $2,848.14) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $4,839,193 00 200 00 124 loans on personal security . . . . Bank building and fixtures (estimated value, 8115,000; assessed value, $146,200) Real estate by foreclosure, etc. (assessed value, $16,350) . . W a r savings stamps and thrift stamps . . . . . . Deposits in national banks or trust companies . . . . . Cash i . . . . . . . . . . . $3,323,113 2,073,057 374,468 242,085 153,700 40' 50 75 25 00 4,838,993 2,302,405 70,000 15,250 203 532,854 28,488 00 00 00 00 16 54 24 T otal A s s e t s ...........................................$13,954,618 84 Liabilities. Due depositors on 37,276 accounts, averaging $330.59 e a c h ...............................................$12,323,013 59 ( Accounts opened during year, 8,491; closed, 3,328; increase, 163) Surplus: — a. Guaranty fund (5% of deposits; increase during year, none) . . . . h. Profit and loss (increase during year, $76,681.66) . . . . . . Current income: — I n t e r e s t ......................................................................................................... $40,839 98 Less current expenses not charged oil . . . . 2,993 17 Deposits or installments received on sales of Liberty Loan Bonds Suspense account . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . 615,800 00 662,703 44 37,846 81 314,179 50 1,075 50 . $13,954,618 84 241 BANK COMMISSIONER No. 8.' T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $27,5 2 8 .2 4 $ 2 6,082 .86 $2 ,5 0 0 .0 0 Cost per $1,000 of assets 1 .9 7 1 .8 6 .1 8 . Cost per $1,000 of assets not including State tax and rent . . . Other Expenses. Total. $ 4 ,007.69 .29 . . $60,118 .79 4 .3 0 2 .1 5 Gross income received during the year, $656,332.72. Rates on Investments and Loans (Average on All, 5.14%). Real estate loans (average rate, 5.50 per cent.): 5% , $192,500; 5J^%, $4,428,748 ; 6% , $217,745. Personal loans (average rate, 5.99 per cent.); 5% , $25,000; 6% , $2,277,405. Bonds, stocks, etc. (average rate on amounts invested, 4.53 per cent.): 3V2%, $161,000; 4% , $2,003,000; 4 J i% , $1,967,450; 4.30% , $8,750; 4 )4 % , $1,100,000; 4 M % , $5,000; 5% , $612,000; 5 )4 % , $185,000; 6% , $40,000; 7% , $82,500; 10% , $25,000; 12% , $71,200. Number of loans not over $3,000 each, 1,383, amounting to $2,158,433. 106 real estate loans made during year, amounting to $358,050. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 M % Number of deposits during year, 39,372, amounting to • . • $231,793 03 259,937 34 2,351,233 03 . $2,842,963 40 2,692,880 67 Number of withdrawals during year, 27,206, amounting to N et increase in amount due depositors . . . . $150,082 73 . SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 U. S. Certs, of Indebt. 4J4s 1,867,450 United States 4Ms 100.000 Massachusetts 4s 5.000 Bay City, Mich., 5s 210.000 Boston 4s 50.000 Boston 4)£s 50.000 Brockton 4)4s 55.000 Cambridge 4s 30.000 Canton, 0., 5J4s 50.000 Cleveland, 0 ., 5s 101.000 Fall River 4s 24.000 Holyoke 4s 25.000 Lawrence 4s 25.000 Los Angeles, Cal., 4)4s 30.000 Lowell 4)4s 25.000 Lynn 4s 70.000 New Bedford 4s 180.000 New Bedford 4)4s 5.000 New Bedford 4%s 75.000 Oakland, Cal., 5)4s 50.000 Oshkosh, Wis., 4)4s 30.000 San Francisco, Cal., 4)4s 20.000 San Francisco, Cal., 5s 50.000 Springfield 4Ks 32.000 Taunton 4)4s Public Funds, Notes. $21,000 Dartmouth 4s ' 8,750 Dartmouth 4.30% 13.000 Dartmouth 4)4s 80.000 Dartmouth 5)4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $50,000 Atch., Top. & Santa F6 4s 25.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4)4s 25.000 Boston & Albany 3)4s 50.000 Boston & Albany 4)4s 50.000 Boston & Albany 5s 35.000 Boston & Maine 3)4s 50.000 Boston & Maine 4s 75.000 Boston & Maine 4}4s 90.000 C., B. & Q. 4s 75.000 Chic., Mil. & St. P. 4)4s 65.000 Chicago, Mil. & St. P. 5s 50.000 Chicago & Northwest. 5s 25.000 Cleveland Short Line 4J4s 50.000 Connecticut River 3)4s 25.000 Fitchburg 3)4s 50.000 Fitchburg 4s 25.000 Fitchburg 4)4s 39.000 Gouverneur & Oswe. 5s 1,000 Illinois Central 3J4s 140.000 Illinois Central 4s 50.000 Louisville & Nashville 4s 53.000 Louisville & Nashville 5s 25.000 Louisville & Nashville 6s 75.000 Maine Central 4)4s 50.000 Michigan Central 4s 100.000 M., St. P. & Sit. St. M. 4s 50.000 New England 4s 75.000 N. Y. C. & H. R. 4s 25.000 N. Y „ N. H. & H. 3)^3 75.000 N. Y., N. H. & H. 4s Par Value. $15,000 Norfolk & Western 6s 25.000 Northern Maine Seaport 5s 130.000 Old Colony 4s 165.000 Pennsylvania 4J^s 50.000 Portland Terminal Co. 4s 50.000 Providence Term. Co. 4s 25.000 Portland & Ogdens. 4)^s 80.000 Wilmar & Sioux Falls 5s Street Railway Bonds. $75,000 Boston Elevated 4)^s 100,000 Boston Elevated 5s 25.000 Holyoke 5s 25.000 Springfield 4s 50.000 West End 4s 50.000 West End 5s 25.000 West End 7s 25.000 Wore. & Black. Valley 4Jis Bank Stocks. Shs. 115 Merchants Nl. Bk., Boston 150 Nl. Shawmut Bk., Boston 200 Metacomet Nl. Bk., Fall River 50 Franklin Nl. Bk. 325 First Nl. Bk., New Bedford 29 Mechanics Nl. Bk., New Bedford 568 Merchants Nl. Bk., New Bedford 100 Third Nl. Bk., Springfield 242 REPO RT OF THE [Pub. Doc. NEW BEDFORD INSTITUTION FOR SAVINGS, NEW BEDFORD. 174 UNION STREET. Incorporated June 16, 1825. Number of corporators, 121; number of trustees, 32. W illiam W. Crapo, President. EnMUND W ood, Clerk o f the Corporation. G eokge H. Batchelor, Treasurer. P hilip E. M acy, Assistant Treasurer. Board o f Trustees: G. N . A lden , G ideon A llen, Jr., B. H. A nthony, D . W. B aker , E. W. B ourne, E. S. B rown, C. W. C lifford, C. A. C ook, H. H. C rapo, W. W. C rapo, B enjamin C ummings, H. E. C ushman, E. P. H askins, T . S. H athaway, C. M. H olmes, H. S. H utchinson, C. S. K elley, J. T . K enney, N . B. K err, J. W. K nowles, W. A. M ackie , H. C. W. M osher, E . T . P ierce, Oliver P rescott, W. A. R obinson, J. E. N . Shaw , E. D . Stetson, F. H. T aber , H. L. T iffany, E. S. W ilde, C. F. W ing, E dmund W ood. Board o f Investment: W . W . Crapo, G ideon A llen , Jr., C. A. C ook, T . S. H athaway , Oliver P res cott, C . F. W ing, E . T . P ierce. Auditing Committee: E . P. H askins, E . S. W ilde, C. F. W ing . Deposits draw interest from first M onday of January, April, July and October; dividends are payable on the second Monday of April and October. Business hours: 9 a .m. to 1 p .m.; also Saturdays, 2.30 to 4.30 p.m. STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 1,547 loans on real estate (average of each, $3,470.42) . . . . . . . 182 loans on personal security . . . . . . . . . . Bank building and fixtures ( estimated value, $167,500; assessed value, $198,500) . . Real estate by foreclosure, etc. ( assessed value, $18,200) . . ■. . . W ar savings stamps and thrift stamps . . . . . . . . . Liberty Loan Bonds, balance due from subscribers . . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ................................................................................................................................................................... T otal Assets $5,460,571 5,177,595 423,800 80,000 187,861 648,361 5,368,747 4,017,780 167,500 13,033 791 108,870 633,164 94,017 25 72 00 00 25 00 00 39 00 04 56 00 50 53 . . . . . $22,382,093 24 . . . . . $20,313,963 13 Liabilities. Due depositors on 40,083 accounts, averaging $506.79 each (Accounts opened during year, 4,362; closed, 4,277; increase, 75) Surplus: — a. Guaranty fund (4-09% of deposits; increase during year, $4,700) b. Profit and loss {increase during year, $132,023.11) . . Current income: — a. Interest . . . . . . . . . . b. Earned discount . . . . . . . . Unearned discount . . . . . . . . T otal Liabilities . . . . . . . . . $62,049 64 2,919 39 ------------------------. . . . . . 1,013,900 00 980,629 23 64,969 03 8,631 85 $22,382,093 24 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $52,469.89 $28,879 .04 Cost per $1,000 of assets 2 .3 4 1 .2 3 Cost per $1,000 of assets not including State tax and rent Gross income received during the year, $1,056,988.10. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. Total. $5,591.11 $86,940 .04 .2 5 3 .8 2 1 .4 8 No. 8.] BANK COMMISSIONER, 243 Rates on Investments and Loans (Average on All, 5.01%). Real estate loans (average rate, 5.43 per cent.): 4.75% , $400,000; 5% , $800,250; 5.50% , $3,533,343; 6% , $635,154. Personal loans (average rate, 6.01 per cent.): 6% , $3,861,780.39; 6.25% , $100,000; 6.50% , $36,000; 7 % , $ 20 ,000 . Bonds, stocks, etc. (average rate on amounts invested, 4.48 per cent.): 3% , $200,000; 3.50% , $1,750,000; 3.75% , $7,000; 4 % , $6,109,792; 4.25% , $1,592,310; 4.50% , $906,045; 4.75% , $47,790; 5% , $560,900; 5.25% , $14,000; 5.35% , $10,000; 5.50% , $40,000; 6% , $301,000; 7% , $193,100; 8% , $6,000; 9% , $13,000; 10% , $220,000; 12% , $132,600; 20% , $81,900. Number of loans not over $3,000 each, 1,298, amounting to $1,942,380.39. 98 real estate loans made during year, amounting to $239,475. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% . . . . . Oct., 1918, 2 M % ............................................... Number of deposits during year, 40,762, amounting to . . . . . Number of withdrawals during year, 31,858, amounting to N et increase in amount due depositors . . . . . . . . . $4,260,081 87 3,965,078 20 . . $383,912 70 429,064 20 3,447,104 97 . $295,003 67 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. $1,525,000 United States 4J4s 100.000 Massachusetts 3s 350.000 Massachusetts 314b 237.000 Massachusetts 4s 50.000 Essex County 4s 31.000 Akron, 0., 5s 415.000 Boston 4s 20.000 Boston 4Ms 55.000 Brockton 4s 25.000 Cambridge 3}4s 8.500 Cambridge 4J^s 78.000 Chicago, 111., 4s 31.000 Chelsea 4s 50.000 Danbury, Conn., 4s 50.000 Dayton, 0., 5s 50.000 Detroit, Mich., 4s 19.000 Everett 4J^s 6.000 Fall River 4s 60.000 Fitchburg 4s 50.000 Flint, Mich., 4J^s 26.000 Gloucester 4s 50.000 Grand Rapids, Mich., 4J^s 30.000 Holyoke 4s 130.000 Kansas City, Mo., 4s 50.000 Lawrence 4s 50.000 Los Angeles, Cal., 4Jfjs 25.000 Lynn 4s 100.000 Minneapolis, Minn., 4s 81.000 New Bedford 3}4s 521.000 New Bedford 4s 2.500 New Bedford 4p£s 32.000 New Bedford 4Jis 50.000 Omaha, Neb., 4 ^ s 35.000 Pittsburgh, Pa., 4s 50.000 Pittsfield 4s 7,800 Plymouth 4s 100.000 Portland, Ore., 4s 25.000 Portland, Ore., 6s 50.000 Providence, R. I., 4s 100.000 Seattle, Wash., 4)^s 11.000 Somerville 4s 5.000 Springfield, 0., 4J^s 25.000 Spokane, Wash., 4s 50.000 Spokane, Wash., 4)^s 58,750 Syracuse, N. Y., 4s 11.000 Taunton 3}4b 30.000 Woonsocket, R. I., 4s 50.000 Woonsocket, R. I., 4J^s 50.000 Worcester 4s 15.000 Youngstown, 0., 5s 1.500 Acushnet 4s 2.500 Brookfield 4s 25.000 E. Providence, R. I., 4s 31.000 Fairhaven 4s 38.000 Marion 4J^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $10,000 Nantucket 4Jdis 25.000 Pepperell 4s 8,400 Plainville 4s 1.500 Reading 4s 3.000 Saugus 4s 7.000 Winthrop 3%s Public Funds, Notes. $7,000 Acushnet i}4s 5.500 Acushnet 5s 27.400 Fairhaven 4s 20,550 Fairhaven 4J^s 58,350 Fairhaven 4h|s 15,790 Fairhaven 4%s 12.400 Fairhaven 5s 10.000 Fairhaven 5}4s 10.000 Fairhaven 5.35% 7.000 Falmouth 4b£s 1,495 Gosnold 4)^s 4.000 Gosnold 5}£s 15,500 Mattapoisett 4s 3,600 Norwood 4s 16,600 Westport 4s 13,200 Westport 4J^s 20.000 Westport 5s 40.000 Westport 5}4s Railroad Bonds. $100,000 Illinois Central 3s 150.000 Illinois Central 3Jis 125.000 Illinois Central 4s 118.000 Lake S. & Mich. South. 4s 50.000 Louisville & Nashville 4s 50.000 Louisville & Nashville 6s 91.000 Maine Central 4J^s 158.000 Michigan Central 4s 50.000 M„ St. P. & S. Ste. M. 4s 50.000 M„ St. P. & S. Ste. M. 5s 50.000 Mobile & Ohio 6s 26.000 Montana Central 5s 225.000 New England 4s 50.000 N. Y. C. & H. R. 3 ^ s 16.000 N. Y. C. & H. R. 4s 370.000 N. Y., N. H. & H. 4s 50.000 Norfolk & Western 6s 25.000 Old Colony 3Hs 419.000 Old Colony 4s 95.000 Pennsylvania 4)^s 14.000 Peoria & Northwest. 3)^s 71.000 Princeton & Northw. 3}4s 25.000 Rome, Wat. & Ogdens. 5s 20.000 Sioux City & Pacific 3J^s 30.000 St. J. & L. C. 5s 24,242 St. P., Minn. & Man. 4s 45.000 St. P., Minn. & Man. 6s 50.000 St. Paul & Northern Pac. 6s 90.000 Washington County 3JH>s 55.000 Wilmar & Sioux Falls 5s $25,000 Baltimore & Ohio 3J4s 25.000 Baltimore & Ohio 4s 50.000 Boston & Albany 3Lás Street Railway Bonds. 170.000 Boston & Albany 4s $84,000 Boston Elevated 4s 100.000 Boston & Albany 5s 50.000 Boston Elevated i}4a 37.000 Boston & Lowell 4s 50.000 Boston & Northern 4s 59.000 Boston & Lowell 5s 25.000 Holyoke 5s 100.000 Boston & Maine 3}4s 25.000 Old Colony 4s 200.000 Boston & Maine 4s 175.000 West End 4s 10.000 Boyer Valley 3b£s 25.000 West End 5s 1.000 Burl. & Mo. River 6s 200.000 C„ B. & Q. 3Hs Bank Stocks. 358.000 C., B. & Q. 4s 7.000 C., B. & Q. 5s Shs. 90 Eliot Nl. Bk., Boston 75.000 Chic., Mil. & St. P. 4s 50.000 Chic., Mil. & St. P. 4J^s 255 First Nl. Bk., Boston 25.000 Chic., Mil. & St. P. 5s 230 Merchants Nl. Bk., Boston 1.000 Nl. Shawmut Bk., Boston 153.000 Chic. & Northwestern 4s 130 Nl. Union Bk., Boston 31.000 Chic., St. P., Minn. & 0. 6s 564 Second Nl. Bk., Boston 25.000 Cleveland Short Line 4}^s 80.000 Concord & Montreal 4s 60 Webster & Atlas Nl. Bk., Boston 22 Nl. Bk. of Fairhaven 248.000 Connecticut River 3}4a 200 Fall River Nl. Bk. 150.000 Delaware & Hudson 4s 375 Metacomet Nl. Bk., Fall River 50.000 Erie & Pittsburgh 3J^s 100.000 Fitchburg 3)^s 1,356 First Nl. Bk., New Bedford 275.000 Fitchburg 4s 1.000 Mechanics NI. Bk., N. Bedford 25.000 Fitchburg 4)^s * 1,096 Merchants NI. Bk., N. Bedford 25.000 Great Northern i}4s 200 Third Nl. Bk., Springfield 244 [Pub. Doc, REPO RT OF THE NEWBURYPORT FIVE CENTS SAVINGS BANK, NEWBURYPORT. 74 Incorporated April 24, 1854. STATE STREET. Number of corporators, 73; number of trustees, 24. C harles T hurlow, President. John T. L ent , Treasurer. J. W illis C urrier, Clerk of the Corporation. Board of Trustees: J. H . B alch, Jr., C . A . B liss, A . M. B rewster, M ichael Cashman, E rskine C lement, C. L. D avis, N athaniel D ole, E rnest F oss, C. W . G oodwin, E . A . H ale , L aurence H ayward, J. H. H iggins, W . B. H opkinson, W . F. H ouston, W illiam I lsley, W . R. Johnson, J. B. L unt, J. T . L unt, A . C. N ason, G . E. N oyes, G . H. P lumer, G . W . R ichardson, C harles T hurlow, H. B. T rask . Board of Investment: C harles T hurlow, G . W . R ichardson, W . R . Johnson, J. H . Balch, Jr., W illiam I lsley. Auditing Committee: E. A . H ale , E rnest F oss, C . A . B liss, H. B . T rask, W. B. H opkinson. Deposits draw interest from last M onday of January, April, July and October; dividends are payable the first M onday of M a y and November. Business hours; 8.30 a .m . to 2 p .m .; Saturdays, 8.30 a .m . to 12 m . and 7.30 to 9 p .m . for deposits only, except during July, August and September. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 427 loans on real estate (average of each, $3,022.72) . . . . . . 55 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $35,000; assessed value, $35,000) Real estate by foreclosure, etc. (assessed value, $14,900) . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . Total Assets . . . . $651,296 550,895 98,800 61,715 62,750 1,290,700 604,300 30,000 9,732 164,185 13,159 . . . . . . . . . 88 00 00 25 00 00 00 00 06 55 72 . . . . . $3,537,534 46 . . . . . $3,110,639 52 Liabilities. D ue depositors on 6,976 accounts, averaging $445.90 each (Accounts opened during year, 752; closed, 744; increase, 8) Surplus: — a. Guaranty fund (5.06% of deposits; increase during year, none) b. Profit and loss (increase during year, $18,237.23) . . . Current income; — Interest . . . . . . . . . Less current expenses not charged off . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . . . . . $1,813 44 244 82 ------------------------. . . . . 157,700 00 237,427 23 1,568 62 30,199 09 . $3,537,534 46 BANK COMMISSIONER. No. 245 T otal Expenses for the Year, including State Taxes. State Tax (Net). Am ount paid for Cost per $1,000 Cost per $1,000 Salaries. Advertising. Rent. $6 ,7 5 3 .2 2 $ 7 ,046.57 $ 8 00 .00 of assets 1 .9 0 1 .1 4 .23 of assets not including State tax and rent Other Expenses. Total. $2,2 0 0 .1 6 .6 2 $ 1 6,824 .20 3 .9 0 1 .7 7 $ 2 4 .2 5 .01 . Gross income received during the year, $167,803.65. Rates on Investments and Loans (Average on All, 5.23%). Real estate loans (average rate, 5.80 per cent.): 4 H % , $39,000; 4 % % , $10,450; 5% , $178,450; 5J^%, $13,150; 6% , $1,049,650. Personal loans (average rate, 5.93 per cent.): 4}4% , $14,000; 5% , $10,000; 5J^%, $25,000; 5 % % , $15,000; 6% , $527,800; 6 H % , $12,500. Bonds, stocks, etc. (average rate on amounts invested, 4.48 per cen t.): 3% , $35,000; $836,200; 4\i% , $87,500; 4 ^ % , $240,000; 5% , $101,400; 5}4% , $15,000; $3,800; 8V2% , $4,900; 10% , $30,000; 20% , $13,200. $70,000; 4% , 6% , $5,450; 8% , Number of loans not over $3,000 each, 311, amounting to $345,615. 28 real estate loans made during year, amounting to $48,075. Dividends, Deposits and Withdrawals. $60,628 55 67,384 52 332,408 73 Ordinary dividends declared during year: N o v ., 1917, 2 % M ay, 1918, 2h£% Number of deposits during year, 6,704, amounting to Number of withdrawals during year, 5,362, amounting to N et decrease in amount due depositors . . . . . . . . . . . . $460,421 80 495,078 99 . $34,657 19 SCHEDULE OF SECURITIES OWNED. Par Value. Railroad Bonds. $10,000 Upper Coos 4 ^ s Par Value. Par Value. 12,000 Worcester, Nash. & R. 4s $40,000 TJ. S. Certs, of Indebted. 4}4 b $20,000 Baltimore & Ohio 4s 115,400 United States 4s 10.000 Baltimore & Ohio 5s 72,500 United States 4M b 15.000 Boston & Albany V/2s 15.000 Massachusetts 4s 55.000 Boston & Albany 4s 96.000 Boston 4s 15.000 Boston & Albany 5s Street Railway Bonds. 15.000 Boston 4}4s 25.000 Boston & Maine 4s 15.000 Canton, 0 ., 5Ks $25,000 Boston Elevated 4s 35.000 Boston & Maine 4}4a 25.000 Chelsea 3b£s 45.000 Boston Elevated 4Vas 10.000 C., B. & Q. 3 ^ s 15.000 Chelsea 4s 10.000 Boston & Northern 4s 40.000 C., B. & Q. 4s 10.000 Fall River 4s 10.000 West End 4s 10.000 Chi., Mil. & St. Paul 4V£s 30.000 Lorain, O., 5s 10.000 West End 5s 75.000 Chicago & Northw. 4s 25.000 Los Angeles, Cal., 4}^s 10.000 Connecticut River 4s 27.000 New Bedford 4s 15.000 Fitchburg 4s 25.000 Omaha, Neb., 4J^s 10.000 Fitchburg 5s 10.000 Seattle, Wash., 4Ai>s 35.000 Illinois Central 3s 10.000 Seattle, Wash., 5s Bank Stocks. 10.000 Illinois Central 4s 10.000 Springfield, Mo., 5s Shs. 1,000 Louisville & Nashville 6s 10.000 Waterbury, Ct., 4s 8 Boylston NI. Bk., Boston 30.000 Maine Central 4)^s 30.000 Cumberland, R. I., 4s 20.000 N. Y. Cent. & Hud. River 4s 132 First NI. Bk., Boston 20.000 East Providence, R. I., 4s 25 Fourth-Atlantic NI. Bk., Boston 10.000 N. Y., N. H. & H. 3V2a 10.000 Enfield, Ct., 3}^s 300 NI. Shawmut Bk., Boston 35.000 N. Y., N. H. & H. 4s 3,000 Augusta, Me. (W. D.), 4s 24 NI. Union Bk., Boston 35.000 Old Colony 4s 38 Webster & Atlas NI. Bk., Boston 10.000 Pennsylvania 4}4s Public Funds, Notes. 56 First NI. Bk., Newburyport 10.000 Portland Terminal Co. 4s I 89 Océan NI. Bk., Newburyport 10.000 Upper Coos 4s $8,800 Rowley 4s Public Funds, Bonds. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 246 REPO RT OF THE [Pub. Doc. NEWTON SAVINGS BANK, NEWTON. 286 W ASHINGTON STREET. Incorporated June 17, 1831. Number of corporators, 24; number of trustees, 13. Board of Trustees: W . F. B acon, W . H . B arker , H . E . B othfeld, B ernard E arly , E ugene F anning, W . S. H iggins , G . W . Jackson, G . J. M artin , T . W . P roctor, G . F . Simpson, J. B . Simpson] L. D . T owle, A . R . Weed . Board o f Investment: W . F. B acon, H . E . B othfeld, B ernard E arly , W . H . B arker , W . S. H iggins . Deposits draw interest from tenth day of January, April, July and October; dividends are payable after the Tuesday next following January 10 and July 10. Business hours: 9 a .m. to 3 p .m.; Sat urdays, 9 a .m. to 1 p .m. and 6.30 to 8 p .m. for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and n o t e s ......................................................................................................... $311,295 00 Railroad bonds and notes . . . . . . . . . . . 1 631 237 51 Street railway bonds . . . . . . . . . . . . 300 000 00 Boston Terminal Co. bonds . . . . . . . . . . . 150 000 00 American Tel. & Tel. Co. bonds . . . . . . . . . . 115 356 25 Securities acquired in settlement of indebtedness . . . . . . . 15 156 55 797 loans on real estate (average of each, $5,732.56 ) . . . . $4,569,257 82 Less amount due on uncompleted loans . . . . . . 400 00 ------------------------o , 35 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $50,000; assessed value, $53,600) . . Real estate b y foreclosure, etc. (assessed value, $104,400) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . 4,568,857 82 570 944 80 50,000 00 7 5 8 6 8 40 243 19 25 00 100 686 24 14 528 28 Total A s s e t s .......................................... $7,904,199 04 Liabilities. D ue depositors on 16,797 accounts, averaging $426.69 each . . . . . $7,167,123 96 ( Accounts opened during year, 1,239; closed, 1,282; decrease, 4.3) Surplus: — a. Guaranty fund (5% of deposits; increase during year, none) . . . . b. Profit and loss (increase during year, $6,567.21) . . . . . . Current income: — Interest ............................................................................................................................................ Deposits or installments received on sales of Liberty Loan Bonds . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total L ia b ilit ie s ................................ .......... * One vacancy. 358,695 00 281 107 83 28,913 51 68,358 74 $7,904,199 04 BANK COMMISSIONER, No. 8.] 247 T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Advertising. Am ount paid for $ 9 ,9 9 4 .0 5 $ 1 2,194 .96 $2 ,5 0 0 .0 0 Cost per $1,000 of assets 1 .2 6 1 .5 4 .3 2 Cost per $1,000 of assets not including State tax and rent $ 1 9 7 .37_ .02 Other Expenses. $3 ,1 8 2 .7 3 .4 0 Total. $28,069 .11 3 .5 4 1 .9 6 Gross income received during the year, $371,941.96. Rates on Investments and Loans (Average on All, 5%). Real estate loans (average rate, 5.39 per cent.): 5%, $1,024,400; 5M%> $1,800; 5M %, $3,487,757.82; 6%, $54, 900. Personal loans (average rate, 6.07 per cent.): 6% , $445,444.80; 6J^%, $97,500; 6 M % . $28,000. Bonds, stocks, etc. (averagerate on amounts invested, 4.05 per cent.): 3%, $1,000; 3M %. $697,350; 4%, $1,258,900; 4M %. $215,585; 4M %, $375,000; 5%, $25,000. Number of loans not over $3,000 each, 430, amounting to $763,703.07. 18 real estate loans made during year, amounting to $55,500. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Extra dividends declared during year: Jan., 1918, M % July, 1918, M % Number of deposits during year, 14,119, amounting to $137,489 137,059 17,153 17,096 841,139 Number of withdrawals during year, 12,665, amounting to . 22 32 33 94 49 $1,149,938 30 1,076,997 52 $72,940 78 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 U. S. Certs, of Indebt. 4Ms 1,350 United States 3Ms 12,900 United States 4s 215,585 United States 4}4s 1.000 Massachusetts 3s 25,000 Massachusetts 3Ms 1.000 Fall River 3Ms 6.000 Needham 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $50,000 Baltimore & Ohio 4s 75.000 Baltimore & Ohio 4Ms 25.000 Baltimore & Ohio 5s 100.000 Boston & Albany 4s 80.000 Boston & Maine 3Ms 70.000 Boston & Maine 4s 100.000 Boston & Maine 4Ms 200.000 0 ., B. & Q. 3Ms 175.000 C., B. & Q. 4s 50.000 Chi., Mil. & St. Paul 4Ms 20.000 Concord & Montreal 4s 70.000 Delaware & Hudson 4s 140.000 Illinois Central 3Ms Par Value. $25,000 Illinois Central 4s 30.000 Lake Shore & Mich. So. 4s 25.000 Minn., St. P. & Sit. St. M. 4s 25.000 N. Y. C. & H. R. 4s 100.000 N. Y „ N. H. & H. 3Ms 230.000 N. Y., N. H. & H. 4s 25.000 Old Colony 4s 50.000 Pennsylvania 4Ms Street Railway Bonds. $110,000 Boston Elevated 4s 50,000 Boston Elevated 4Ms 140,000 West End 4s REPO RT OF THE 248 [Pub. Doc. NEWTON CENTRE SAVINGS BANK, NEWTON. I 81 UNION STREET (NEWTON CENTRE). Incorporated February 25, 1896. Number of corporators, 38; number of trustees, 23. H enry H. K endall, President. W illiam H. R ice, Treasurer. H arry J. Carlson, Clerk of the Corporation. Board of Trustees: E . P. B osson, H . P. B radford, W. C . Brewer , H . J. Carlson, R . M. C lark, F. Gasbarri, F. J. H ale , A . L. H arwood, A . L. H arwood, Jr., M. B. Jones, S. W. Jones, H. H. K endall, H . E . L ocke, C . S. L uitwieler, G. H . M ellen, W. M. N oble, O. E . N utter, I. C. P aul, F. L. R ichardson, G . F. R ichardson, A . L. Scott, M. C . T uttle, S. W. Wilder. Board of Investment: S. W . Jones, H . H . K endall, I. C . Paul , F. L. R ichardson, A . L. Scott. Auditing Committee: M . B . Jones, G . H . M ellen, W . C. B rewer . Deposits draw interest from fifteenth day of January, April, July and October; dividends are pay able January 15 and July 15. Business hours: 8 a .m . to 12 m .; 1.30 to 3 p .m .; Saturdays, 8 a .m . to 12 M. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . . American Tel. & Tel. Co. bonds . . . . . Stocks of banks and trust companies . . . . 165 loans on real estate {average of each, S3,691.61) . . 5 loans on personal security . . . . . Real estate by foreclosure, etc. (assessed value, S14,800) . Deposits in national banks or trust companies . . Cash and cash items . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,330,249 82 . . . 8109,178 392,236 125,286 24,653 11,861 592,621 54,685 7,521 10,175 2,030 . . . . . . . . . . . . . . . . . . . . . . . . . 30 20 00 75 25 44 00 87 26 75 Liabilities. Due depositors on 3,964 accounts, averaging $317.02 each {Accounts opened during year, 392; closed, 4 97; decrease, 105) Surplus: — a. Guaranty fund {3.07% o f deposits; increase during year, S3,154.47) ■ b. Profit and loss {increase during year, $1,721.93) . . . . . . Current income: — Interest . . . . . . . . . . $10,366 78 Less current expenses not charged off . . . . 634 21 Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . $1,256,669 34 38,590 99 16,558 92 9,732 57 8,698 00 . $1,330,249 82 BANK COMMISSIONER. No. 8.] 249 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Amount paid for $ 3 ,048.73 $1,422.70 $ 6 29 .09 Cost per $1,000 of assets 2 .3 1 1 .0 7 .47 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $ 1 73 .03 .13 $ 7 20 .01 .5 4 $ 5,993.56 4 .5 2 1 .7 4 Gross income received during the year, $63,034.52. Rates on Investments and Loans (Average on All, 4.98%). Real estate loans (average rate, 5.04 per cent.): 5% , $202,550; 5 M % , $337,849.50; 6% , $52,221.94. Personal loans (average rate, 5.98 per cent.): 5% , $1,000; 6% , $53,685. Bonds , stocks, etc. (average rate on amounts invested, 4.54 per cent.): 3%, $8,000; 3M % , $121,000; 4%, $208,150; 4M % . $29,400; 4M %, $176,000; 5%, $134,000; 6%, $1,000; 8%, $4,200; 20%, $2,100. Number of loans not over $3,000 each, 81, amounting to $152,919.50. 1 real estate loan made during year, amounting to $500. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2% Number of deposits during year, 4,370, amounting to . $23,959 33 23,772 10 243,002 18 $290,733 61 293,505 54 Number of withdrawals during year, 3,033, amounting to N et decrease in amount due depositors $2,771 93 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $40,000 U. S. Certs, of Indebt. 4Ms 27,150 United States 4s 29,400 United States 4Mb 5.000 Massachusetts 3Ms 8.000 Br. & Tops., Me. (W. D.), 4s Railroad Bonds. $10,000 Atch., Top. & Santa F6 4s 3.000 Baltimore & Ohio 3 Ms 24.000 Baltimore & Ohio 4Ms 3.000 Baltimore & Ohio 5s 20.000 Boston & Albany 3Ms 5.000 Boston & Albany 4s 15.000 Boston & Albany 5s 3.000 Boston & Maine 4s 1.000 Boston & Maine 4Ms 7.000 C., B. & Q. 3Ms https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $40,000 C., B. & Q. 4s 10.000 Chi., Mil. & St. Paul 4s 20.000 Chicago, Mil. & St. P. 4Ms 25.000 Chicago, Mil. & St. P. 5s 10.000 Fitchburg 3Ms 3.000 Fitchburg 4s 10.000 Fitchburg 5s 8.000 Illinois Central 3s 20.000 Illinois Central 3 Ms 18.000 Illinois Central 4s 1.000 Illinois Central 5s 1.000 Kal., Al. & Gr. Rapids 5s 1.000 Me. Cen. Eu. & No. Amer. 4s 5.000 Michigan Central 3Ms 1.000 Michigan Central 4s 5.000 Mil., L. S. & W. 5s 35.000 N. Y. C. & H. R. 4Ms 51.000 N. Y „ N. H. & H. 3Ms 15.000 N. Y., N. H. & H. 4s 5.000 No. Maine Seaport 5s Par Value. $25,000 Northern Pacific 4Ms 10.000 Pennsylvania 4Ms 1.000 Portland & R. Falls 4s Street Railway Bonds. $3,000 Boston Elevated 4s 16.000 Boston Elevated 4Ms 30.000 Boston Elevated 5s 7.000 Boston & Revere 5s 2.000 Lynn & Boston 5s 35.000 West End 4s 30.000 West End 5s 5.000 Worcester & Blackstone 4Ms Bank Stocks. Shs. 21 First Nl. Bk., Boston 42 Newton Trust Co. 10 Needham Trust Co. 250 REPO RT OF THE [Pub. Doc. NONOTUCK SAVINGS BANK, NORTHAMPTON. 57 M AIN STREET. Incorporated February 9, 1899. Number of corporators, 4 1 ; number of trustees, 19. *C alvin C oolidge, President. F rederic M . Starkweather, Clerk of the Corporation. Oriville W. P routy, Treasurer. Sterling R . Whitbeck , Assistant Treasurer. Board o f Trustees: H . M. A bbott, E . H . B anister, C alvin C oolidge, W. E . C ooney, C. N. F itts, H . N. Gardiner, M. S. H owes, F. L. H uxley , R . W. I rwin , C. W. K inney , C . H . L yman , C. k ! M orton, L. B. N iquette, E . K. P arsons, H . A. Parsons, O. W. P routy, F. M. Starkweather , S. R . W hitbeck, R . L. Williston. Board o f Investment: C . W . K inney, C . H . L yman , O. W . P routy. Auditing Committee: C . H . L yman , H . A . P arsons, F . M . Starkweather. Deposits draw interest from first Wednesday of March, June, September and December; dividends are payable the first Wednesday of June and December. Business hours: 9 a .m. to 3 p .m.; Saturdays, 9 a .m. to 12 m ., and for deposits only, 7 to 8 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. / Assets. Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . Stocks of banks and trust companies . Securities acquired in settlement of indebtedness . . . . 332 loans on real estate (average o f each, $1,991.04) . . . . 103 loans on personal security . . . . . . . Real estate by foreclosure, etc. (assessed value, $300) . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . . W ar savings stamps and thrift stamps . Deposits in national banks or trust companies . . . Cash and cash items . . . . . . . . . . $115,402 197,415 53,676 20,745 24,726 2,600 661,025 94,547 90 57 280 41,842 1,752 . . . . . . . . , . . . . 20 05 25 00 00 00 63 64 73 48 00 11 56 Total A s s e t s ...........................................$1,214,160 65 Liabilities. Due depositors on 2,764 accounts, averaging $408.55 each . . . . . $1,129,236 68 {Accounts opened during year, 399; closed, 333; increase, 66) Surplus: — a. Guaranty fund {4-43% ° f deposits; increase during year, $5,300) b. Profit and loss {increase during year, $1,676.36) . . . . . . Current income: — Interest .........................................................................................................$13,177 13 Less current expenses not charged off . . . 1,622 19 Unearned discount . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . 50,000 00 22,874 20 11,554 94 299 83 195 00 T otal L ia b i lit i e s ...........................................$1,214,160 65 * Elected president November 27, 1918. 251 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Am ount paid for $ 1 ,932.98 $ 3 ,355.00 $8 0 0 .0 0 Cost per $1,000 of assets 1 .5 9 2 .7 6 .6 5 Cost per $1,000 of assets not including State tax and rent . Other Expenses. $4 8 2 .4 6 .39 $ 7 0 .0 0 .0 6 Total. $ 6 ,640.44 5 .4 5 3 .2 1 Gross income received during the year, $56,607.38. Rates on Investments and Loans (Average on All, 5.14%). Real estate loans (average rate, 5.50 per cent.): 5 A % , $661,025.63. Personal loans (average rate, 5.69 per cent.): 5% , $4,279; 5J^%, $49,457; 6% , $40,811.64. Bonds, stocks, etc. (average rate on amounts invested, 4.45 per cent.): 3% , $5,000; 3 M % , $10,000; 3 A % , $39,400; 4% , $164,950; 4)4'% . $41,700; 4 A % , $101,000; 5% , $34,200; 5.60% , $10,000; 6% , $5,500; 7% , $3,300; 8% , $700; 10% , $6,800; 14% , $1,000. Number of loans not over $3,000 each, 388, amounting to $495,973.27. 8 real estate loans made during year, amounting to $12,000. Dividends, Deposits and Withdrawals. $20,623 27 21,222 60 220,101 17 Ordinary dividends declared during year: D ec., 1917, 2% June, 1918, 2% Number of deposits during year, 2,733, amounting to Number of withdrawals during year, 2,297, amounting to N et increase in amount due depositors . . . . . . . . . . . $261,947 04 220,125 15 . . < $41,821 89 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $15,000 U. S. Certs, of Indebt. 4As 400 United States 3As 20,950 United States 4s 41,700 United States 4Ms 4.000 Massachusetts 3As . 3.000 Boston 3Jdis 3.000 Minneapolis, Minn., 4s 3.000 Portland, Ore., 4s 10,000 St. Louis, Mo., 3Ms 5.000 So. Hadley 4s Public Funds, Notes. $10,000 Deerfield 5.60% Railroad Bonds. $5,000 Baltimore & Ohio 3Ms 15.000 Baltimore & Ohio 4s 10.000 Baltimore & Ohio 4 A s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $10,000 Baltimore & Ohio 5s 1.000 Boston & Albany 3As 5.000 Boston & Albany 4As 11.000 Boston & Albany 5s 10.000 Boston & Lowell 4As 11.000 Boston & Maine 4s 3.000 Boston & Maine 4A s 20.000 C., B. & Q. 3As 5.000 C., B. & Q. 4s 10.000 Chi., Mil. & St. Paul 4 A b 5.000 Chic., Mil. & St. Paul 5s 1.000 Connecticut River 3A s 5.000 Erie & Pittsburgh 3A s 5,0u0 Illinois Central 3s 10.000 Lime Rock 4s 12.000 Maine Central 4As 20.000 N. Y. C. & H. R. 4s 10.000 N. Y., N. H. & H. 4s 2.000 Old Colony 4s 20.000 Pennsylvania 4As Street Railway Bonds. Par Value. $7,000 Boston Elevated 4s 16.000 Boston Elevated 4 A s 5,000 Boston Elevated 5s 10.000 Boston & Northern 4s 10.000 Old Colony 4s 10.000 West End 4s Bank Stocks. Shs. 10 Greylock Nl. Bk., Adams 5 Millers River Nl. Bk., Athol 33 First Nl. Bk., Northampton 50 Chapin Nl. Bk., Springfield 40 Chicopee Nl. Bk., Springfield 23 Third Nl. Bk., Springfield 7 Hampden Nl. Bk., Westfield [Pub. Doc, REPO RT OF TH E 252 NORTH ADAMS SAVINGS BANK, NORTH ADAMS. 86 M AIN STREET. Incorporated April 26, 1848. Number of corporators, 48; number of trustees, 15. H erbebt W. C lark, President. E zra D . W hitaker, Treasurer. Sherman M cV eigh, Clerk of the Corporation. Board of Trustees: H . R . B ateman, H . W . C lark , C. H . C utting, W . P. M cCraw , Sherman M cV eigh, C. T . P helps, W . H . P ritchard, W . H . Sperry, F . D . Stafford, E dmond V adnais, J. P. W all , A . C. W eber, V. A . Whitaker, C. E. Whitney, C. E. Winchell. Board of Investment: C. E. W inchell, W . H. Sperry, W . P. M cC raw . Auditing Committee: C . H. C utting, W . H. Sperry , Sherman M cV eigh. Deposits draw interest from first day of January, April, July and October; dividends are payable April 1 and October 1. Business hours: 9 a .m . to 4 p .m .; Saturdays, 9 a .m . to 2 p .m . and from 7 to 8 p .m . for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 486 loans on real estate (average of each, $3,382.62) . . . . . . 128 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, 872,000; assessed value, $68,000) Real estate by foreclosure, etc. (assessed value, 839,500) . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . W ar savings stamps and thrift stamps . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . $331,646 846,143 106,390 69,185 45,000 42 75 00 00 00 1 00 1,619,654 650,565 47,837 46,664 1,326 1,946 49,354 5,844 . 18 01 6S 07 00 44 15 11 Total A s s e t s .......................................... $3,821,557 81 Liabilities. $3,534,695 17 Due depositors on 8,343 accounts, averaging $423.67 each (Accounts opened during year, 1,462; closed, 1,160; increase, 302) Surplus: — a. Guaranty fund (5.06% of deposits; increase during year, none) b. Profit and loss (increase during year, 816,438.13) . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Suspense account Savings bank life insurance https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 179,000 00 81,128 73 $24,348 92 860 53 23,488 39 166 85 78 67 . T otal Liabilities . . $3,821,557 81 BANK COMMISSIONER. No. 253 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Amount paid for $8,424.11 $7,744.57 $1,000.00 Cost per $1,000 of assets 2 .2 0 2 .0 3 .2 6 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $1,535.33 .4 0 $19,020 .97 4 .9 8 2 .5 2 $316 .96 .09 Gross income received during the year, $178,065.54. Rates on Investments and Loans (Average on All, 4.95%). Real estate loans (average rate, 5.23 per cent.): 4% , $150,000; 4 J-^%, $231,260; 5% , $572 ,2 0 0 .4 5 ; 5 M % , $8,500; by2% , $17,500: 6% , $640,193.73. Personal loans (average rate, 5.86 per cent.): 4J^%, $30,909.25; 4 % % , $22,655.61; 5% , $23,517.43; 6% , $538,482.72; 6} 4% , $35,000. Bonds, stocks, etc. (average rate on amounts invested, 4.20 per cent.): 3% , $60,000; 3.40% , $4,700; 3.50% , $99,000; 3|% , $11,533.32; 4% , $775,650; 4 ^ % . $117,800; 4J^%, $209,900; 5% , $132,000; 6% , $13,500. Number of loans not over $3,000 each, 433, amounting to $477,784.01. 45 real estate loans made during year, amounting to $75,675. * Dividends, Deposits and Withdrawals. $68,168 58 68,027 40 600,113 34 Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2 % Number of deposits during year, 10,949, amounting to Number of withdrawals during year, 6,473, amounting to . . . . . $736,309 32 723,306 19 $13,003 13 Net increase in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $109,200 United States 4s 89,800 United States &}4,s 2.000 Boston 4s 5.000 Bridgeport, Conn., 4Hs 4.000 Chicago, 111., 4s 5.000 Pall River 4s 10.000 Los Angeles, Cal., 4j4s 5.000 Lynn 3)4>s 9.000 New Bedford 4s 15.000 Omaha, Neb., 4J^s 3.000 Portland, Ore., 4s 10,500 Portland, Ore., 6s 3.000 East Bridgewater 4Ms 7.000 Littleton 4s Public Funds, Notes. $4,700 North Adams 3.40% 12.000 North Adams 3J^s 11,533 North Adams 3J4s 5,450 North Adams 4s 12.000 North Adams 4J^s 4,000 Florida 5s 3,900 Stamford, Vt., 4J^s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $20,000 Baltimore & Ohio 3p£s 35.000 Baltimore & Ohio 4s 25.000 Baltimore & Ohio 4His 64.000 Bangor & Aroostook 5s 2.000 Boston & Albany 3}4s 11.000 Boston & Albany 4s 10.000 Boston & Lowell 5s 7.000 Boston & Maine 4s 50.000 Boston & Maine 4j4>s 85.000 C., B. & Q. 4s 5.000 Chi., Indiana & Southern 4s 30.000 Chic., Mil. & St. Paul 4s 6.000 Chic., Mil. & St. Paul 4j4s 5.000 Chi., Rock Island & Pacific 4s 5.000 Delaware & Hudson 4s 25.000 Fitchburg 4s 5.000 Fitchburg 4)^s 25.000 Great Northern 4]4s 60.000 Illinois Central 3s 25.000 Illinois Central 3L£s 30.000 Lake Shore & Mich. So. 4s 15.000 Louisville & Nashville 5s 15.000 Maine Central 4V£s 7.000 Mil., Lake Shore & West. 5s Par Value. $8,000 Minn., St P. & Sit. St. M. 4s 2.000 Minn., St. P. & Sit. St. M. 5s 3.000 New Orleans & Mobile 6s 30.000 N. Y. C. & H. R. 4s 35.000 N. Y „ N. H. & H. 3 ^ s 102,000 N. Y „ N. H. & H. 4s 30.000 Northern Me. Seaport 5s 10.000 Old Colony 4s 39.000 Pennsylvania 4Ms 15.000 Portland Terminal Co. 4s 4.000 Port., Gt. Falls & Con. 4}4s 25.000 Sullivan County 4s Street Railway Bonds. $15,000 Boston Elevated 4s 20.000 Boston Elevated 4Jdis 12.000 Boston & Northern 4s 25.000 Hoosac Valley is 5.000 Old Colony 4s 25.000 Springfield 4s 6.000 West End 4s Bank Stocks. Shs. 400 North Adams Trust Co. 254 REPO RT OF THE [Pub. Doc. NORTHAMPTON INSTITUTION FOR SAVINGS, NORTHAMPTON. 109 M AIN STREET. Incorporated March 1, J.842. Number of corporators, 35; number of trustees, 16. Oliver W alker, President. O. W. E dwards, Clerk of the Corporation. S. D. D rury, Treasurer. E dwin F. Stratton, Assistant Treasurer. Board of Trustees: A. C. Babdwell, H . JEL C hilson, C. N . C lark, F. E . C lark, M erritt C lark, E. F. Crooks, S. D. D rury, O. W. E dwards, A. L. K ingsbury, J. L. Lyman , F. S. R eynolds, W. H . Spencer, F. W. T hayer , H . M. T yler, Oliver W alker, A rthur Watson. Board of Investment: S. D . D rury, F. E . C lark, A rthur Watson. Auditing Committee: F. E . C lark, E . F. C rooks, H . H . Chilson. Deposits draw interest from first Wednesday of January, April, July and October; dividends are pay able the first Wednesday of April and October. Business hours: 9 a .m. to 3 p.M.; Saturdays, 9 a .m. to 12 m.; also M ondays, 6.30 to 8 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds . American Tel. & Tel. Co. bonds Stocks of banks and trust companies 809 loans on real estate (average of each, $4,675.68) Less amount due on uncompleted loans . 96 loans on personal security . . . . Bank building and fixtures (estimated value, $100,000; ass Real estate by foreclosure, etc. (assessed value, $59,650) Taxes, insurance, etc., paid on mortgaged properties Suspense account . . . . . W ar savings stamps and thrift stamps . Accrued interest . . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . $725,300 00 1,734,318 75 380,875 00 100,000 00 132,152 50 12,900 00 $3,783,035 00 450 00 3,782,585 00 205,888 13 value, S102,180) Total Assets 100,000 00 57,960 307 180 202 1,016 202,276 10,713 76 39 35 57 67 73 16 $7,446,677 01 Liabilities. Due depositors on 16,413 accounts, averaging $417.07 each $6,845,336 38 (Accounts opened during year, 1,797; closed, 1,619; increase, 178) Surplus: — a. Guaranty fund {5.14% o f deposits; increase during year, $8,000) h. Profit and loss (increase during year, $28,756.80) . . . . . . Current income: — I n t e r e s t .........................................................................................................$15,267 35 Less current expenses not charged off . . . . 1,448 14 Deposits or installments received on sales of Liberty Loan Bonds Insurance due mortgagors . . . . . .■ Bills payable . . . . . . . . . \ https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 352,000 00 117,586 55 13,819 21 15,127 44 2,807 43 100,000 00 Total L ia b ilit ie s .......................................... $7,446,677 01 No. BANK COMMISSIONER 255 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $ 3 58 .82 .05 $ 2 ,931.51 .39 $ 2 6,175 .72 3 .5 2 Amount paid for $11,214 .50 $11,670.89 C ost per $1,000 of assets 1 .5 1 1 .5 7 Cost per $1,000 of assets not including State tax and rent . 2.01 Gross income received during the year, $333,118.39. Rates on Investments and Loans (Average on All, 4.91%). Real estate loans (average rate, 5.42 per cent.): 5% , $627,000; 5J4%, $3,149,185; 6% , $6,400. Personal loans (average rate, 5.69 per cent.): 5% , $52,803; 5J^%, $22,332.22; 6% , $130,377.91; 6J^%, $375. Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cent.): 3J^%, $590,000; 3.65% , $4,000; 3.85% , $5,000; 4% , $1,372,600; 4 M % , $433,700; 4 ^ % , $387,000; 5% , $340,000; 7% , $900; 12% , $7,000; 20% , $5,000. Number of loans not over $3,000 each, 707, amounting to $858,178.13. 22 real estate loans made dining year, amounting to $112,950. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2% Oct., 1918, 2% Number of deposits during year, 16,428, amounting to $133,120 39 133,264 23 1,142,300 56 Num ber of withdrawals during year, 14,627, amounting to N et decrease in amount due depositors . . . . . . . . $1,408,685 18 1,457,963 13 . . . . $49,277 95 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $355,750 United States 4h£s 150.000 Massachusetts 3)^s 100.000 Massachusetts 4s 15.000 Northampton 3J^s 55.000 Northampton 4J^s 25.000 Seattle, Wash., 5s 4,600 Hadley (W. S. D.) 4s Public Funds, Notes. $4,000 5.000 2.000 1,950 7.000 Northampton 3.65% Northampton 3.85% Northampton 4s Northampton 4%s Northampton 4Hs Railroad Bonds. $50,000 Baltimore & Ohio 4s 50.000 Baltimore & Ohio 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Boston & Albany 5s 50.000 Boston & Maine 4s 25.000 Boston & Maine 4Hs 75.000 C., B. & Q. 3 ^ s 50.000 C., B. & Q. 4s 50.000 Chi., Mil. & St. Paul 4s 50.000 Chic., Mil. & St. Paul 5s 50.000 Chic. & Northw. 3Hs 25.000 Chic. & Northw. 4s 50.000 Chic., R. I. & Pac. 4s 150.000 Fitchburg 4s 25.000 Fitchburg 4His 76.000 Hoiyoke & Westfield 4J4s 50.000 Illinois Central 3Ms 100.000 L. Shore & Mich. So. 3V4s 50.000 Michigan Central 3J^s 50.000 Milwaukee, L. S. & W . 5s 100.000 N. Y. C. & H. R. 4s 50.000 N. Y. C. & H. R. 4Ms 100.000 N. York & N. E. Term. 4s Par Value. $215,000 N. Y., N. H. & H. 4s 100,000 No. Maine Seaport 5s 80.000 Old Colony 4s 25.000 Pennsylvania 4Ms 50.000 Providence & Wore. 4s Street Railway Bonds. $200,000 Boston Elevated 4)4s 100,000 Boston & Northern 4s 50.000 Old Colony 4s 40.000 West End 5s Bank Stocks. Shs. 20 Merchants Nl. Bk., Boston 50 Second Nl. Bk., Boston 9 First Nl. Bk., Northampton 50 Northampton Nl. Bk. REPO RT OF TH E 256 [Pub. Doc. NORTH AVENUE SAVINGS BANK, CAMBRIDGE. I960 M ASSACHUSETTS AVENUE. Incorporated March 7, 1872. Number of corporators, 31; number of trustees, 18. C harles F. Stratton, President. E dward B. Stratton, Treasurer. F rank E. Sands, Clerk of the Corporation. Board of Trustees: H. O. C utter, H. S. D rew , H. O. E dgerton, E. L. G rueby, Phineas H ubbard, W. E. H utchins, W. J. M andell, G. M. Olive, C. F. P ierce, C. D. R ice, F. E. Sands, M. W. Sands, A. P. Stone , C. F. Stratton, E. B. Stratton, B . T . T hayer, Samuel Usher, G. B. W ason. Board of Investment: C . F. Stratton, E . L . G rueby, W . E . H utchins, C . D. R ice , A . P. Stone. ' Auditing Committee: C. F. Stratton, H. S. D rew , H. O. C utter. Deposits draw interest from tenth day of January, April, July and October; dividends are payable January 10 and July 10. Business hours: 8.30 a .m. to 1 p .m .; also Saturdays, from 6 to 8 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . . 636 loans on real estate {average of each, $3,525.OS) . . . . . . . 31 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $4-0,000; assessed value, $31,800) . . Real estate by foreclosure, etc. (assessed value, $21,700) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash . .......................................................... ............................................................................................ T otal Assets . . . . . $518,817 10 518,352 60 223,713 78 7,790 00 46,063 00 1,350 00 4,280 00 2,241,951 33 246,585 00 37,000 00 18,272 50 1,684 36 273 47 25,253 35 17,458 37 $3,908,844 86 Liabilities. Due depositors on 9,702 accounts, averaging $370.91 each . $3,598,560 47 {Accounts opened during year, 1,124; closed, 1,116; increase, 8) Surplus: — a. Guaranty fund {3.92% of deposits; increase during year, $9,200) b. Profit and loss {increase during year, $9,180.96) Current income: — a. Interest . . . . . . . $13,416 77 b. Rent . . . . . . . 137 94 Less current expenses not charged off . . 141,000 00 78,124 13 $13,554 71 4,151 60 — ............ - . Unearned discount . . . . . . . ■ Deposits or installments received on sales of Liberty Loan Bonds Liberty Loan Bonds held for safe-keeping . 9,403 1,621 46,135 34,000 11 78 37 00 . $3,908,844 86 T otal Liabilities T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $ 4,891.40 $ 7 ,168.90 $ 2 ,0 0 0 .0 0 Cost per $1,000 of assets 1 .2 5 1 .8 3 .51 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $179,946.11. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Advertising. Other Expenses. Total. $185 .45 *.05 $2,2 4 9 .2 2 .58 $16,494 .97 4 .2 2 2 .4 6 No. BANK COMMISSIONER. ■] 257 Rates on Investments and Loans (Average on All, 5.07%). Real estate loans (average rate, 5.42 per cent.): 5%, $373,900; 5M % , $1,835,701.33; 6%, $32,350. Personal loans (average rate, 6.05 per cen t.): 5%, $180; 514%, $2,000; 6%, $218,605; 6M % . $25,000; 7%, $800. Bonds, stocks, etc. (average rate on amounts invested, 4.28 per cent.): 3%, $18,000; 3M % . $182,350; 4%, $629,650; 4J£%, $80,785; 4M % . $232,500; 4.60%, $3,000; 5%, $180,500; 6%, $11,900: 7%, $ 10, 000. Number of loans not over $3,000 each, 355, amounting to $661,063.33. 12 real estate loans made during year, amounting to $29,150. Dividends, Deposit and W ithdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 M Number of deposits during year, 11,999, amounting to . . . . . . % ............................................... . . . . $67,950 69 76,301 24 613,773 40 $758,025 33 Number of withdrawals during year, 9,303, amounting to N et increase in amount due depositors . . . . . . . . . . . . . 704,775 54 $53,249 79 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $82,500 U. S. Certs, of Indebt. 4Ms 4,150 United States 3Ms 149,150 United States 4s 80,785 United States 4Ms 5.000 Massachusetts 4s 3.000 Boston 3Ms 21.000 Boston 4s 5.000 Brockton 4s 4.000 Cambridge 4s 6.000 Flint, Mich., 4Ms 1.000 Gloucester 4s 1.000 Holyoke 3 Ms 2.000 Johnstown, Pa., 3Ms 3.000 Kansas City, Mo., 4s 10.000 Los Angeles, Cal., 4Ms 6.000 Lynn 3Ms 2.000 Milwaukee, Wis., 4s 10.000 New Bedford 4s 1.000 New London, Ct., 3Ms ' 5.000 Omaha, Neb., 4Ms 10.000 San Francisco, Cal., 5s 25.000 Seattle, Wash., 4Ms 1.000 Somerville 4s 5.000 Andover 4s 2.000 Ipswich 4s 10.000 Lincoln 3Ms 11.000 Marblehead 4s 3,200 Palmer 3Ms 18.000 Revere 4s 5.000 Winchester 4s 7,500 Br. & Top., Me. (W. D .), 4s P u b lic F u n d s , N o te s . $10,000 Essex County 4s 7.000 Chicopee 4s 3.000 Chester 4.60% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $35,000 Atchison, Top. & Santa F6 4s 10.000 Baltimore & Ohio 3Ms 5.000 Boston & Albany 3Ms 15.000 Boston & Albany 5s 3.000 Boston & Lowell 3Ms 2.000 Boston & Lowell 4s 1.000 Boston & Maine 3Ms 29.000 Boston & Maine 4s 10.000 Boston & Maine 4Ms 1.000 Bridgeton & Saco River 4s 20.000 C .,B . & Q .3M s 5.000 C., B. & Q. 4s 3.000 C., B. & Q. 5s 15.000 Chi., Indiana & South. 4s 5.000 Chic., Mil. & St. Paul 4s 20.000 Chic., Mil. & St. Paul 4Ms 10.000 Chic., Mil. & St. Paul 5s 2.000 Chic. & Northw. 5s 20.000 Chic., R. I. & Pac. 4s 5.000 Cleveland Short Line 4Ms 6.000 Concord & Montreal 4s 4.000 Connecticut River 3Ms 1.000 Connecticut River 4s 10.000 Connecticut River notes, 6s 5.000 Dexter & Piscataquis 4s 20.000 Fitchburg 3Ms 32.000 Fitchburg 4s 3.000 Fitchburg 4Ms 18.000 Illinois Central 3s 34.000 Illinois Central 3Ms 1.000 Iowa, Minn. & Northw. 3Ms 5.000 Louisville & Nashville 5s 20.000 Maine Central 4Ms 10.000 Me. Cent. & E. & N. A. 4s 15.000 Michigan Central 4s 5.000 Mich. Cen.-Jol. & N. Ind. 4s 5.000 Minn., St. P. & Sit. St. M . 4s 20.000 N. Y. C. & H. R. 4s 40.000 N. Y., N. H. & H. 3Ms Par Value. $11,000 N. Y., N. H. & H. 4s 16.000 Old Colony 4s 9.000 Portland & Ogdens. 4Ms 10.000 Upper Coos 4s 5.000 Upper Coos 4Ms 6.000 Washington Co. 3Ms 10.000 West Vir. & Pittsburgh 4s S tre e t R a ilw a y B o n d s. $10,000 Boston Elevated 5s 4.000 Boston, Milton & Brockton 5s 15.000 Boston & Northern 4s 1.000 Brockton 5s 11.000 Citizens Electric 5s 2.000 E. Middlesex 4s 18.000 George., Row. & Ips. 5s 4.000 Leomin., Shirley & Ayer 5s 15.000 Lynn & Boston 5s 4.000 Marlboro’ & Westboro’ 5s 3.000 Mil., Holliston & Fram. 7s 7.000 Milford & Uxbridge 7s 2,500 Mystic Valley 5s 10.000 Old Colony 4s 1.000 Peoples 5s 5.000 Providence & Taunton 5s 5.000 South Shore & Boston 5s 8.000 Springfield & Eastern 5s 5.000 Uxbridge & Blackstone 5s 24.000 West End 4s 20.000 West End 4Ms 39.000 West End 5s 1.000 Western Mass. 5s 1.000 Wore. & Clinton 5s 7.000 Wor. Consolidated 4Ms 1.000 Wore. Consolidated 5s 5.000 Wore. & Southbridge 4Ms B a n k S to ck s. Shs. 15 First Nl. Bk., Marlborough REPO RT OF THE 258 [Pub. Doc. NORTH BROOKFIELD SAVINGS BANK, NORTH BROOKFIELD. SUM M ER STREET. Incorporated February 28, 1854. Number of corporators, 44; number of trustees, 14. M ortimer J. H oward, Clerk of the Corporation. atcheller Board of Trustees: E . A . Batchellf .r , C . E . B ell, A . C . B liss, B B.. A . B ush, S. A . C lark, F . A . F ullam, B . M ellen, A . K . P erot, W . F . F ullam, M . J. H oward, E . A . L udden, H H.. T . M aynard, W . B. T . G . R ichards, J. A . White . Board o f Investment: H . T . M aynard, J. A . White , S. A . C lark , F . A . F ullam. Auditing Committee: M . J. H oward, T . G . R ichards, E . A . L udden. Deposits draw interest from third day of January, April, July and October; dividends are payable January 3 and July 3. Business hours: 9 a .m. to 3 p .m.; Saturdays, 9 a .m. to 12 m. and 7 to 8.30 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 297 loans on real estate (average of each, $2,065.26) . . . . . . 2 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $10,000; assessed value, $10,000 ) Real estate b y foreclosure, etc. (assessed value, $250) . . . . . W ar savings stamps and thrift stamps . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . . T otal Assets . . . . . . $98,283 00 206,612 50 75,065 00 18,746 25 2,010 00 613,385 00 11,000 00 3,000 00 302 92 10 00 12,606 54 484 28 . . . . . . . . . . . . . $1,041,505 49 . . . . . $934,813 10 Liabilities. Due depositors on 2,434 accounts, averaging $384.06 each (.Accounts opened during year, 255; closed, 182; increase, 73) Surplus; — a. Guaranty fund (5.02% of deposits; increase during year, $4,000) . . . b. Profit and loss (increase during year, $2,920.43) . . . . . . Current income: — Interest . . . . . . . . . . $18,417 94 Less current expenses not charged off . . . . 1,533 51 ------------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 47,000 00 42,807 96 16,884 43 . $1,041,505 49 BAN K COMMISSIONER. No. 8.] 259 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $ 6 3 .8 7 .0 6 $1 ,0 4 0 .9 6 .9 9 $ 4 ,163.48 3 .9 8 2 .9 2 Am ount paid for $ 1 ,1 0 9 .4 5 $ 1,949.20 Cost per $1,000 of assets 1 .0 6 1 .8 7 C ost per $1,000 of assets not including State tax and rent Gross income received during the year, $51,853.07. Rates on Investments and Loans (Average on All, 5.42%). Real estate loans (average rate, 5.86 per cent.): 5J^%, $159,910; 6% , $453,475. Personal loans (average rate, 6.90 per cent.): 6% , $1,000; 7% , $10,000. Bonds, stocks, etc. (average rate on amounts invested, 4.64 per cent.): 4% , $110,500; 4 x/ i% , $20,800; 4 y2%, $95,000; 5% , $155,000; 5 .40% , $8,000; 6% , $10,000; 7% , $5,200; 8% , $1,800. Number of loans not over $3,000 each, 220, amounting to $247,135. 17 real estate loans made during year, amounting to $34,650. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 l i % . . . . . July, 1918, 2 H % .............................................. Number of deposits during year, 1,665, amounting to . . . . . . Number of withdrawals during year, 1,592, amounting to N et increase in amount due depositors . . . . . . . . . . . $19,353 46 19,766 82 132,445 55 . $171,575 83 129,297 14 . $42,278 69 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $25,000 U. S. Certs, of Indebt. 4L£s 20.000 United States 4Ms 5.000 Dayton, 0 ., 5s 10.000 San Francisco, Cal., 5s 5.000 North Brookfield 4s 10,500 Plainfield 4s 4.000 Stamford, Ct., 4s Public Funds, Notes. $8,000 North Brookfield 5.40% 10,000 Somerville 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $30,000 Baltimore & Ohio 5s 17.000 Bangor & Aroostook 5s 20.000 Boston & Maine 4s 20.000 Chic., Mil. & St. Paul 4Hs 15.000 Concord & Montreal 4s 5.000 Fitchburg 5s 10.000 Louisville & Nashville 6s 20.000 N. Y., N. H. & H. 4s 25.000 No. Maine Seaport 5s 5.000 Old Colony 4s 10.000 Pennsylvania 4J^s 10.000 Ports., Gt. F. & Con. i lA s 12.000 Rome, Water. & Ogdens. 5s 10.000 Upper Coos 4J4s Street Railway Bonds. Par Value. $20,000 Boston Elevated 4}^s 10.000 Boston Elevated 5s 10.000 Boston & Northern 4s 6.000 Lowell, Law. & Hav. 5s 10.000 Lynn & Boston 5s 10.000 Springfield & Eastern 5s 5.000 West End 7s 5.000 Worcester Consolidated 5s Bank Stocks. Shs. 10 Eliot Nl. Bk., Boston 18 Spencer Nl. Bk. 2 Ware Tr. Co. [Pub. Doc REPO RT OF THE 260 NORTH EASTON SAVINGS BANK, NORTH EASTON. M AIN STREET. Incorporated February 8, 1864. Number of corporators, 25; number of trustees, 15. F . L othrop A mes, President. John M . W illiams, Treasurer. L orenzo B. C rockett, Clerk o f the Corporation. Board of Trustees: F . L . A mes, H obart A mes, J. S. A mes, Oakes A mes, G. C . B arrows, D . F. B uckley, L. B . C rockett, S. S. E arly, C . R . F ield , J. R . F ield , W . K . G oward, J. B. K ing , M . P. L ewis , G. E. Shepard, J. M . W illiams. Board of Investment: F. L . A mes, J. S. A mes, W . K . G oward, G . E . Shepard, G . C . B arrows, M . P . L ewis . Auditing Committee: D . F . B uckley, G . C . B arrows, J. R . F ield . Deposits draw interest from fifteenth day of January, April, July and October; dividends are payable April 15 and October 15. Business hours: 9 a .m. to 12 m.; 1.30 to 3 p .m.; Saturdays, 9 a .m. to 12 M. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. $26,000 520,430 270,147 5,000 43,173 10,846 6,807 889,451 735,500 20,000 3,535 212 47,553 1,319 Public funds, bonds and notes . . . . . . . . Railroad bonds and notes . . . . . . . . Street railway bonds . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . American Tel. & Tel. C o. bonds . . . Stocks of banks and trust companies . . . . . . . Securities acquired in settlement of indebtedness . . . . . 341 loans on real estate (average o f each, $2,608.86) . . . . . 46 loans on personal security . . . . . . . . Bank building and fixtures (estimated value, $35,000; assessed value, $27,000) Real estate by foreclosure, etc. (assessed value, $3,800) . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . Deposits in national banks or trust companies . . . . . Cash and cash items . . . . . . . . . . 00 56 61 00 61 00 33 63 00 00 13 10 83 95 $2,579,977 75 T otal Assets Liabilities. $2,388,597 30 D ue depositors on 4,344 accounts, averaging $549.86 each (Accounts opened during year, 236; closed, 347; decrease, 111) Surplus: — a. Guaranty fund (5.17% of deposits; increase during year, none) b. Profit and loss (increase during year, $5,366.60 ) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Unearned discount . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . T otal Liabilities . 123,597 59 53,939 49 $6,661 80 750 43 . 5,911 37 7,932 00 . . . . $2,579,977 75 261 BANK COMMISSIONER. No. T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Am ount paid for $ 7 ,2 8 7 .6 7 $ 3 ,886.98 $ 5 75 .00 Cost per $1,000 of assets 2 .8 2 1 .5 1 .2 2 Cost per $1,000 of assets not including State tax and rent . $ 5 3 2 .6 2 .21 . . Total. $1 2 ,2 8 2 .2 7 4 .7 6 1 .7 2 Gross income received during the year, $131,027.48. Rates on Investments and Loans (Average on All, 5.18%). Real estate loans (average rate, 5.25 per cent.): 5% , $561,301.96; 5 )4 % . $213,253.75; 6% , $114,895.92. Personal loans (average rate, 6.12 per cent.): 6% , $645,500; 7% , $90,000. Bonds, stocks, etc. (average rate on amounts invested, 4.33 per cent.): 3% , $25,000; 3 )4 % , $113,000; 4% , $455,000; 4 )4 % , $26,000; 4 )4 % , $165,000; 5% , $115,000; 8% , $7,500. \ Number of loans not over $3,000 each, 274, amounting to $348,929.75. 5 real estate loans made during year, amounting to $17,080.92. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 )4 % Oct., 1 9 1 8 ,2 ) 4 % Number of deposits during year, 1,776, amounting to . Number of withdrawals during year, 2,^67, amounting to . N et decrease in amount due depositors . . . . $53,394 51 52,871 05 186,220 20 . . . . . . . $292,485 76 343,869 74 . $51,383 98 SCHEDULE OF SECURITIES OW NED. Public Funds, Bonds. Par Value. $26,000 United States 4)4s Railroad Bonds. $10,000 Baltimore & Ohio 4J4s 25.000 Baltimore & Ohio 5s 35.000 Boston & Albany 4s 8,000 Boston & Lowell 3J4s 20.000 Boston & Maine 3 His 35.000 Boston & Maine 4)4s 35.000 C., B. & Q. 3)4s 10.000 C., B. & Q. 4s 15.000 Chic., Mil. & St. Paul 4)4s 25.000 Chicago & Northw. 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $20,000 Concord & Montreal 4s 5.000 Dexter & Piscataquis 4s 10.000 Fitchburg 3His 20.000 Fitchburg 4s 10.000 Fitchburg 4His 25.000 Illinois Central 3s 15.000 Illinois Central 3)4s 40.000 Illinois Central 4s 20.000 Maine Central 4H2S 15.000 Minn., St. P. & Sit. St. M. 4s 35.000 N. Y. C. & H. R. 4s 20.000 N. Y., N. H. & H. 3)4s 35.000 N. Y „ N, H. & H. 4s 10.000 No. Maine Seaport 5s 15.000 Old Colony 4s 5.000 Portland & R. Falls 4s 11.000 Providence Terminal Co. 4s 10.000 Southern Pacific 4s Street Railway Bonds. Par Value. $75,000 Boston Elevated 4His 20.000 Boston Elevated 5s 88.000 Boston & Northern 4s 5,000 East Middlesex 4s 25.000 Old Colony 4s 10.000 West End 4s 60.000 West End 5s Bank Stocks. Shs. 75 Nl. Shawmut Bk., Boston 38 Bristol Co. Nl. Bk., Taunton [Pub. Doc REPO RT OF TH E 262 NORTH END SAVINGS BANK, BOSTON. 57 COURT STREET. Incorporated February 17, 1870. Number of corporators, 27; number of trustees, 14. W illiam G. Shillaber, President» F rank E. B uxton , Treasurer. E dwin A . B ayley , Clerk o f the Corporation. Board of Trustees: E . A . B ayley , C . G . B urgess, J. T . B urnett, F. E . B uxton , C . E . N oyes, I. E . N oyes, W. F. R obinson, C . P. Shillaber, W. G . Shillaber, S. F . Squires, F. H. V iaux , M . P . W hite , A . M . W iggin , C . E . W iggin . Board o f Investment: W. G. Shillaber, C . E. W iggin , C . E. N oyes , J. T . B urnett, S. F. Squires. Auditing Committee: C . G . B urgess, J. T . B urnett, A . M . W iggin . Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m. to 2 p .m. STATEM ENT O F CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . Railroad bonds and notes . . . . . . Street railway bonds . . . . . . . Boston Terminal C o. bonds . . . . . . American Tel. & Tel. C o. bonds . . . . . 586 loans on real estate (average o f each, $5,925.98) . . 45 loans on personal security . . . . . Real estate by foreclosure, etc. (.assessed value, $71,€50) . W ar savings stamps and thrift stamps . . . . Deposits in national banks or trust companies . . Cash . . . . . . . . . . . . . . . . . . . . . . . • . . . . . . . . . . . . . . . . . • . . . . . . . . T otal Assets . . . $239,584 75 1,199,146 00 243,205 00 214,860 50 92,980 00 3,472,596 37 1,147,393 27 49,348 97 343 09 220,856 69 6,962 12 . $6,887,276 76 Liabilities. D ue depositors on 12,659 accounts, averaging $497.66 each . . . . . $6,299,913 60 . . 321,500 00 190,120 66 (Accounts opened during year, 638; closed, 1,210; decrease, 572) Surplus: — a. Guaranty fund {5.10% of deposits; increase during year, $12,000) b. Profit and loss (increase during year, $12,107.03) . . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . $46,707 43 7,770 62 38,936 81 36,805 69 . $6,887,276 76 BANK COMMISSIONER. No. 8.] 263 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $13,2 7 6 .2 0 $ 1 6,730 .34 $6,0 0 0 .0 0 C ost per $1,000 of assets 1 .9 3 2 .4 3 .8 7 Cost per $1,000 of assets not including State tax and rent . Advertising. $1 9 9 .6 8 .03 Other Expenses. Total. $ 3 ,964.14 .5 8 $40,170.3& 5 .8 4 3 .0 4 Gross income received during the year, $335,358.68. Rates on Investments and Loans (Average on All, 5.22%). Real estate loans (average rate, 5.52 per cent.): 4% , $32,000; 4 M % , $92,500; 4M%> $274,487.80; 5 % , $858,150; 5 M % , $21,500 ; 5 M % , $270,500; 6% , $1,923,358.57. Personal loans (average rate, 6 per cent.): 6% , $1,144,593.27; 7% , $2,800. Bonds, stocks, etc. (average rate on amounts invested, 4.23 per cent.): 3% , $25,000; 3 M % , $525,900; 4% , $755,000; 4 M % . $178,700; 4 ^ % , $200,000; 5% , $260,000 ; 6% , $65,000; 7% , $20,000. Number of loans not over $3,000 each, 337, amounting to $592,351.84. 5 real estate loans made during year, amounting to $135,300. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2 M % Number of deposits during year, 8,364, amounting to $127,685 06 140,744 32 615,957 04 Number of withdrawals during year, 10,018, amounting to $884,386 42 1,172,519 12 N et decrease in amount due depositors $288,132 70 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $20,900 United States 3 Ms 178,700 United States 4]4a 25.000 Worcester 4s Public Funds, Notes. $10,000 Southboro 5s 5,000 Southboro 6s Railroad Bonds. $50,000 Atch., Top. & Santa F6 4s 50.000 Baltimore & Ohio 4s 50.000 Boston & Albany 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $25,000 Boston & Maine 3Ms 75.000 C„ B. & Q. Zy2s 50.000 Chic., Mil. & St. Paul 4Ms 25.000 Concord & Montreal 4s 25.000 Erie & Pittsburgh 3Ms 145.000 Fitchburg 4s 25.000 Illinois Central 3s 75.000 Illinois Central 3Ms 50.000 Illinois Central 4s 100.000 Maine Central 4M>s 50.000 Michigan Central 3Ms 50.000 Minn., St. P. & Sit. St. M. 4s 50.000 Minn., St. P. & Sit. St. M. 5s 50.000 N. Y. C. & H. R. 4s Par Value. $50,000 N. Y „ N. H. & H. 3Ms 25.000 N. Y., N. H. & H. 4s 40.000 Penobscot Shore Line 4s 70.000 Portland Terminal Co. 4s 60.000 St. Paul & North. Pacific 6s 20.000 Troy & Boston 7s 25.000 Upper Coos 4s Street Railway Bonds. $50,000 Boston Elevated 5s 50.000 Boston & Northern 4s 100,000 West End 5s 50.000 Worcester Consolidated 4Ms 264 REPO RT OF THE [Pub. Doc. NORTH MIDDLESEX SAVINGS BANK, AYER. M AIN STREET. Incorporated M arch 5, 1885. Number of corporators, 36; number of trustees, 20. D aniel W . F letcher, President. R alph L. H astings, Treasurer. E dward A . R ichardson, Clerk of the Corporation. Board of Trustees: E ugene B arry , G . H . B ixby , D . W . F letcher , T . L. H azen , D . G . H oughton, C . A . P. L aurence , H. E . M ead , F. A . P atch, O. K. P ierce , G . B . R emick, E . A . R ichardson, W . U. Sherwin , W aldo Spaulding, E . D . Stone, B enjamin T aft , A . H . T urner, C . H . W eare, Jr., H . B . W hite, F rederick W hitney, C . F. W orcester. Board of Investment: D. W. F letcher, F. A . P atch, O. K. P ierce , H. B. W hite . Auditing Committee: W . U . Sherwin , E . A . R ichardson, G . B . R emick. Deposits draw interest from first day of January, April, July and October; dividends are payable January 5 and July 5. Business hours: 9 to l l a .m .; 12.30 to 3 p .m.; Saturdays, 8 a .m . to 1 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal C o. bonds . . . . . American Tel. & Tel. C o. bonds . . . . Stocks of banks and trust companies . . . 403 loans on real estate {average o f each, SI,703.84) . Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $687,146 95 500 00 ------------------------45 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $35,000; assessed value, $34,500 ) . . Real estate by foreclosure, etc. (assessed value, $300) . . . . . . Deposits in national banks or trust companies . . . . . . . C a s h ................................................................................................................................................................... T otal Assets . . . . . . . . . . . . . . $345,250 248,106 97,780 50,000 28,800 18,033 00 25 00 00 00 89 686,646 196,376 35,000 200 24,189 1,556 95 25 00 00 75 21 . . . . . $1,731,939 30 . . . . . $1,598,696 47 Liabilities. Due depositors on 5,281 accounts, averaging $302.72 each ( Accounts opened during year, 897; closed, 984; decrease, 87) Surplus: — a. Guaranty fund (4-44% o f deposits; increase during year, $5,000) . . . b. Profit and loss (increase during year, $6,382.84) . . . . . . Current income: — a. Interest . . . . . . . $15,903 70 b. R e n t ...................................................................... 194 26 c. Foreclosure income . . . . . 113 64 ------------------------$16,211 60 Less current expenses not charged off . . . . 2,261 00 ------------------------Deposits or installments received on sales of Liberty Loan Bonds . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . 71,000 00 35,262 23 13,950 60 13,030 00 $1,731,939 30 J . BANK COMMISSIONER. No. 8.] 265 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. Total. $ 1,406.41 .81 $9,1 6 6 .2 0 5 .2 9 2 .9 5 Am ount paid for $ 3 ,199.39 $ 3 ,710.40 $8 5 0 .0 0 C ost per $1,000 of assets 1 .8 5 2 .1 4 .49 C ost per $1,000 of assets not including State tax and rent . Gross income received during the year, $81,450.86. Rates on Investm ents and Loans (Average on All, 5.12%). Real estate loans (average rate, 5.99 per cent.): 5 % , $2,980; 6% , $683,666.95. Personal loans (average rate, 5.89 per cent.): 5% , $20,000; 6% , $176,376.25. Bonds, stocks, etc. (average rate on amounts invested, 4.17 per cent.): 3% , $10,000; 3 M % , $201,7003J4%, $1,500; 4% , $264,500; 4 M % . $139,550; 4 M % , $54,000; 5% , $80,000; 5 M % , $25,000; 8% , $ 1,000; 10% , $10,000; 12%, $1,000. Number of loans not over $3,000 each, 392, amounting to $464,173.20. 43 real estate loans made during year, amounting to $56,500. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2 % Number of deposits during year, 7,385, amounting to $29,388 82 29,764 73 360,913 03 Number of withdrawals during year, 4,472, amounting to N et increase in amount due depositors . . . . . . . . . . . . . $420,066 58 397,298 95 $22,767 63 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Railroad Bonds. Par Value. $5,000 Baltimore & Ohio 4s 10.000 Bangor & Aroostook 5s 10.000 Boston & Albany 3Ms 5.000 Boston & Lowell 4s 5.000 Boston & Maine 4s 15.000 Boston & Maine 4Ms 5.000 B., Revere B. & Lynn 4Ms 12.000 C., B. & Q. 3Ms 20.000 C., B. & Q. 4s 5.000 Connecticut River 3Ms 15.000 Fitchburg 3Ms 18.000 Fitchburg 4s 10.000 Fitchburg 5s Public Funds, Notes. 10.000 Illinois Central Ss $16,500 Ayer 4s 10.000 Illinois Central 3Ms 10.000 Ayer 5s 20.000 Illinois Central 4s 1.500 Groton 3 Ms 10.000 Mil., L. S. & W . 5s 8.000 Groton 4s 10.000 N. Y. C. & H. R. 3Ms 10.000 N. Y . C. & H. R. 4s 25.000 Groton 5Ms 25.000 Pepperell 5s 5.000 N. Y „ N. H. & H. 3Ms 2.500 Shirley 3Ms 30.000 N. Y., N. H. & H. 4s 30,700 Shirley (Vil. W. D.) 3Ms 6.000 Old Colony 4s 4.000 West & So. Acton (W.S.D.) 4s 5.000 Wore., Nash, and Roch. 4s Par Value. $1,000 United States 4s 114,550 United States 4his 5.000 Massachusetts 3Ms 10.000 Massachusetts 4s 32.000 Boston 3Ms 25.000 Boston 4J^s 1.000 Fitchburg 4s 5.000 Marlborough 4s 5.000 Spokane, Wash., 4Ms 15.000 Springfield 3 Ms 9.000 Mansfield (W. S. D.) 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. Par Value. $30,000 Boston Elevated 4s 15.000 Boston Elevated 4Ms 15.000 Boston Elevated 5s 10.000 Boston & Northern 4s 9.000 Fitchburg & Leominster 4Ms 15.000 West End 4s 5.000 Worcester Con. 4Ms Bank Stocks. Shs. 40 First Nl. Bk., Ayer 5 Commercial Nl. Bk., Boston 10 Eliot Nl. Bk., Boston 10 Merchants Nl. Bk., Boston 28 Nl. Shawmut Bk., Boston 5 Peoples Nl. Bk., Boston 32 Merchants Nl. Bk., Worcester [Pub. Doc, REPO RT OF TH E 266 ORANGE SAVINGS BANK, ORANGE. 11 W EST M AIN STREET. Incorporated March 31, 1871. Number of corporators, 28; number of trustees, 11. A ugustus J. F isher, President. G eorge W. A ndrews, Treasurer. T . W esley B ridge, Clerk of the Corporation. Board of Trustees: G. W . A ndrews, T . W . B ridge, E. M . B uell, E. J. C adwell, A. M . C heney, A. L. C ooley, H . S, D awley , F. A. D exter , A. J. F isher , H . C. G ates, A. L. Johnson. Board of Investment: A. J. F isher, E. M . B uell, T . W . B ridge. ) Auditing Committee: A . J. F isher, H . C . G ates, T . W . B ridge.* Deposits draw interest from first day of February, M a y , August and November; dividends are pay able February 1 and August 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12.30 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal C o. bonds . . . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 365 loans on real estate (average of each, $4,579.17) . . . . . . . 80 loans on personal security . . . . . f . . . . Bank building and fixtures ( estimated value, $20,000; assessed value, $10,200 ) . . Deposits in national banks or trust companies . . . . . . . Cash ................................................................................................................................................................... T otal Assets $237,603 00 569,183 75 68,637 50 10,000 00 43,402 50 17,900 00 1,671,399 00 111,000 75 15,000 00 11,670 04 1,308 53 . . . . . $2,757,105 07 . . . . . $2,502,479 33 Liabilities. Due depositors on 6,715 accounts, averaging $372.67 each (Accounts opened during year, 636; closed, 446; increase, 190) Surplus: — a. Guaranty fund {5.01% o f deposits; increase during year, none) b. Profit and loss (increase during year, $7,296.87 ) . . . Current income: — a. Interest . . . . . . . $23,508 08 b. R e n t ...................................................................... 313 61 ------------------------Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . $23,821 69 1,961 82 ------------------------. . . 125,400 00 107,185 57 21,859 87 180 30 T otal L ia b ilit ie s .......................................... $2,757,105 07 * Since resigned. BANK COMMISSIONER. No. 8.] 267 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for S 3 ,386 .85 S5,557.33 $ 6 0 0 .0 0 C ost per $1,000 of assets 1 .2 2 2 .0 1 .21 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $ 1 64 .89 .05 $ 1,509.51 .54 $ 1 1 ,218 .58 4 .0 3 2 .6 0 Gross income received during the year, $127,676.33. Rates on Investm ents and Loans (Average on All, 5%). Real estate loans (average rate, 5.43 per cent.): 5% , $305,231; 5M %> $1,305,975; 6 % , $60,193. Personal loans (average rate, 5.11 per cent.): 5% , $39,265; 5 M % . $21,820; 6% , $41,815.75. Bonds, stocks, etc. (average rate on amounts invested, 4.25 per cent.): 3 M % . $186,000; 4%, $545,000; 4 M % . $15,000; 4 M % , $80,500; 5% , $114,300; 5 M % , $12,600; 8 % , $1,000; 10% , $11,600. Number of loans not over $3,000 each, 340, amounting to $321,174.75. 19 real estate loans made during year, amounting to $63,400. Dividends, Deposits and Withdrawals. Ordinary dividends declared dining year: Feb., 1918, 2 M % ...............................................$54,052 79 Aug., 1918, 2 K % ............................................... 54,109 33 Number of deposits during year, 4,935, amounting to . . . . . 306,605 85 Number of withdrawals during year, 4,361, amounting to N et increase in amount due depositors . . . . . . . . . . . . $414,767 97 379,877 92 . $34,890 05 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $15,000 United States 4]4s 5.000 Massachusetts 4s 10.000 Baltimore, Md., 4s 35.000 Boston 4s 10.000 Cambridge 4s 30.000 Chicago, 111., 4s 5.000 Dayton, 0 ., 5s 5.000 Kansas City, Mo., 4Ms 10.000 La Crosse, Wis., 4s 5.000 Lawrence 4s 10.000 Lynn 3 Ms 10.000 Lynn 4s 12.000 New Bedford 4s 5.000 New Britain, Ct., 4s 10.000 San Francisco, Cal., 5s 10.000 Superior, Wis., 4Ms 5.000 Woonsocket, R. I., 4s 1.000 Orange 4s 3.000 Southborough 4s 8.000 Westfield 3Ms 6.000 Shelburne Falls (F. D.) 4s 5.000 W. & S. Acton (W. D.) 4s Public Funds, Notes. $8,100 Erving 5Mis 10,500 Orange 4Mis https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $1,500 Prescott 5 Ms 3,000 Warwick 5Ms mOOO 42.000 17.000 14.000 ! Y „ N. H. & H. 4s No. Maine Seaport 5s Old Colony 4s Washington Co. 3Ms n Railroad Bonds. $46,000 Baltimore & Ohio 4s 5.000 Baltimore & Ohio 4Mis Street Railway Bonds. 27.000 Bangor & Aroostook 5s $20,000 Boston Elevated 4Ms 10.000 Boston & Albany 4s 10.000 Boston Elevated 5s 5.000 Boston & Lowell 4s 15.000 Boston & Northern 4s 20.000 Boston & Maine 3Ms 1.000 Holyoke 5s 15.000 Boston & Maine 4s 5.000 Mystic Valley 5s 10.000 Boston & Maine 4Ms 10.000 Old Colony 4s 10.000 Boston, R. B. & L. 4Ms 5.000 West End 5s 44.000 C., B. & Q. 4s 5.000 Worcester & Southbridge 4Ms 5.000 Chi., Indiana & Southern 4s 15.000 Chi., Mil. & St. Paul 4s 10.000 Connecticut River 4s 35.000 Delaware & Hudson Co. 4s Bank Stocks. 43.000 Fitchburg 4s Shs. 5.000 Fitchburg 5s 6 Millers River Nl. Bk., Athol 70.000 Illinois Central 3Ms 10 Metropolitan Trust Co., Boston 5.000 Maine Central 4Ms 43 Franklin Co. Tr. Co., Greenfield 20.000 Minn., St. P. & Sit. St. M. 4s 100 Orange Nl. Bk. 25.000 N. Y. C. & H. R. 4s 10 Third Nl. Bk., Springfield 54.000 N. Y., N. H. & H. 3Ms 268 [Pub. Doc. REPO RT OF THE PALMER SAVINGS BANK, PALMER. 435 M AIN STREET. Branch Office: Bridge Street, Three Rivers. Incorporated March 4, 1870. Number of corporators, 51; number of trustees, 17. R oscius C. N ewell, President. C harles A . T abor, Clerk of the Corporation. C harles L . "Waid, Treasurer. Freeman A . Smith, Assistant Treasurer. Board of Trustees: H. E . W. C lark , M. J. D illon, J. F. F oley, C. E . F uller, F. J. H amilton, J. O. H amilton, E . E . H obson, G . S. H olden, L. R . H olden, C. A . Le G ro, G . D. M ooers, R . C. N ewell, C. F. Smith, W. E . Stone, C. A . T abor , E . B . T aylor, C. L . W aid . Board of I n v e s tm e n t R . C . N ewell, W . E . Stone, C . F. Smith, H . E . W . C lark , E . E . H obson. Auditing Committee: W . E . Stone, E . B. T aylor, C . A . L e G ro. Deposits draw interest from first day of January, April, July and October; dividends are payable January 1 and July 1. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 12 m .; also Fridays, 7.30 to 9 p .m . Branch office open Friday evenings only, from 6.30 to 8. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . . . Street railway bonds . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . Stocks of banks and trust companies . . . . ■. 753 loans on real estate (average of each, $2,900.91) . . . Less amount due on uncompleted loans . . . . . . . . . . . t . . . . . . $2,184,689 00 . 300 00 ------------------------. . . . . 55 loans on personal security . . . . . . . Bank building and fixtures (estimated value, $49,000; assessed value, $39,960) W ar savings stamps and thrift stamps . . . . . . . . . . . . . Deposits in national banks or trust companies Cash and cash items . . . . ' . . . . . . . . . . . . . $678,760 00 623,585 00 39,175 00 54,512 50 10,900 00 2,184,389 107,042 41,850 263 145,645 15,108 00 50 00 19 01 36 Total A s s e t s ...........................................$3,901,230 56 Liabilities. D ue depositors on 7,862 accounts, averaging $451.21 each . . . . . $3,547,426 93 {Accounts opened during year, 885; closed, 917; decrease, S3) Surplus: — a. Guaranty fund {4-91% o f deposits; increase during year, 83,343.30/ . . . b. Profit and loss (increase during year, $33,860.37) . . . . . . Current income: — a. Interest . . . . . . . $19,382 60 b. Rent . . . . . . . 1,563 95 ------------------------$20,946 55 Less current expenses not charged off . . . . 4,480 89 --------•---------------Deposits or installments received on sales of Liberty Loan Bonds . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 174,474 43 98,665 54 16,465 66 64,198 00 T otal L ia b i lit i e s ...........................................$3,901,230 56 269 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. $8,830.13 $7 5 0 .0 0 Am ount paid for $4,734.51 C ost per $1,000 of assets 1 .21 2 .2 6 .19 Cost per $1,000 of assets not including State tax and rent . Advertising. Other Expenses. Total. $2 5 1 .3 3 .0 6 $ 3 ,356.85 .8 6 $17,922 .82 4 .5 8 3 .1 8 Gross income received during the year, $182,928.62. Rates on Investm ents and Loans (Average on All, 5.13%). Real estate loans (average rate, 5.50 per cent.): 5Jt>%, $2,160,866; 6% , $23,323; 6J^%, $200. Personal loans (average rate, 5.77 per cent.): 5% , $50; 5J^%, $48,151.50; 6% , $58,841. Bonds, stocks, etc. (average rate on amounts invested, 4.49 per cent.): 3% , $35,000; 3J^%, $29,400; 4% , $376,000; 4J£%, $304,760 ; 4 H % , $348,600; 5% , $271,000; 6% , $51,100; 8 % , $9,800. Number of loans not over $3,000 each, 599, amounting to $754,819. 3 real estate loans made during year, amounting to $7,200. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % July, 1918, 2 % Number of deposits during year, 6,634, amounting to . . . . . ............................................... . . . . . Number of withdrawals during year, 4,955, amounting to . N et increase in amount due depositors . . . . . . . . . . $66,926 26 67,551 39 465,732 11 . $600,209 76 489,660 63 . $110,549 13 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $200,000 U. S. Certs, of Indebt. 4J^s 29,400 United States 3J^s ■304,760 United States 4%s 25.000 Boston 4s 15.000 Cambridge 4s 10.000 Chicago, 111., 4s 10.000 Cleveland, 0 ., 4)^s 10.000 Dayton, 0., 5s 13.000 Everett 4s 20.000 Kansas City, Mo., 4}4s 10.000 Omaha, Neb., 4}4s 8,000 Quincy 4s 10.000 San Prancisco, Cal., 5s 10.000 Seattle, Wash., 4)^s Public Funds, Notes. $3,600 Three Rivers (F. D.) 4}4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $25,000 Atch., Top. & Santa F6 4s 20.000 Baltimore & Ohio 5s 25.000 Beech Creek 4s 21.000 Boston & Albany 5s 10.000 Boston & Lowell 4J^s 15.000 Boston & Maine 4J^s 45.000 C., B. & Q. 4s 15.000 Chi., Mil. & St. Paul 4}4s 35.000 Chic., Mil. & St. Paul 5s 10.000 Chic., Mil. & St. Paul 6s 10.000 Chic., St. P., Minn. & O. 6s 10.000 Concord & Montreal 4s 20.000 Fitchburg 5s 20.000 Hutchinson & Southern 5s 35.000 Illinois Central 3s 50.000 Illinois Central 4s 15.000 Ind., Illinois & Iowa 4s 35.000 Louisville & Nashville 5s 25.000 Mich. Cent.-Det. & B. City 5s 15.000 Mil., L. S. & Western 5s 20.000 Montana Central 5s 5,000 N. Y ., Lackawanna & W. 6s Par Value. $25,000 N. Y. C. & H. R. 4s 10.000 N. Y „ N .H . &.H. 4s 10.000 No. Maine Seaport 5s 10.000 Pennsylvania 4J^s 25.000 Portland & Ogdens. 4Ms 30.000 Portland Terminal Co. 4s 10.000 Rome, Watertown & Og. 5s 10.000 St. Paul, Minn. & Man. 6s ■5,000 St. Paul & Northern Pac. 6s 10.000 St. Paul & Sioux City 6s 10.000 Vermont Valley 4}£s Street Railway Bonds. $10,000 Boston Elevated 4Hs 10.000 Boston Elevated 5s 10.000 Boston & Northern 4s 10.000 West End 5s Bank Stocks. Shs. 11 Monson Nl. Bk. 98 Palmer Nl. Bk. 270 REPO RT OF THE [Pub. Doc, PENTUCKET SAVINGS BANK, HAVERHILL. 42 W ASHINGTON STREET. Incorporated March 17, 1891. Number of corporators, 28; number of trustees, 14. H. I van H all, Clerk of the Corporation. Board o f Trustees: D. S. B ray , G . F. C arleton, W . G . C ogswell, J. I. C urtis , G . W . D obbins, A . F. D urgin, D. G . F ox , J. W . H arris , D. C. H unt, N. C. Johnson, J. F . N ichols, F. W . P eabody, J. H. Sayward , J. W . V ittum. Board of Investment: G . F. C arleton, W . G . C ogswell, J. W . H arris , D . C . H unt, J. W . V ittum. Auditing Committee: J. I. C urtis , D . G . F ox , D . C . H unt. Deposits draw interest from first day of February, M a y , August and November; dividends are pay able the first Wednesday of February and August. Business hours: 9 a .m. to 2 p .m.; Saturdays, 9 a .m. to 12.30 P.M. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . American T el. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . 369 loans on real estate ( average of each, $3,833.43) . . . . . 42 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $25,000; assessed value, $80,275) W ar savings stamps and thrift stamps . . . . . . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . . T otal Assets . . . . . . . . . . . . . . . . . $118,653 70 246,628 16 42,850 00 10,000 00 42,256 25 9,300 00 1,414,538 69 520,925 00 25,000 00 50 00 35,385 71 2,742 74 . . . . . $2,468,330 25 . . . . . $2,286,369 17 Liabilities. D ue depositors on 4,684 accounts, averaging $488.12 each (Accounts opened during year, 512; closed, 625; decrease, IS) Surplus: — a. Guaranty fund (3.38% o f deposits; increase during year, $5,776) . . . h. Profit and loss (increase during year, $16,378.17) . . . . . . Current income: — Interest . . . . . . . . . . $10,786 97 Less current expenses not charged off . . . . 1,816 27 ------------------------Deposits or installments received on sales of Liberty Loan Bonds . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 77,196 55 93,045 24 8,970 70 2,748 59 T otal L ia b i lit i e s ...........................................$2,468,330 25 BANK COMMISSIONER. No. 271 T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $3 ,8 6 7 .3 0 $6 ,1 6 6 .1 0 $ 1 ,000.00 C ost per $1,000 of assets 1 .5 7 2 .5 0 .4 0 C ost per $1,000 of assets not including State tax and rent . $ 8 5 .8 0 .03 Other Expenses. Total. $1 ,2 6 8 .3 2 .51 $ 1 2,387 .52 5 .0 1 3 .0 4 Gross income received during the year, $132,060.45. Rates on Investments and Loans (Average on All, 5.51%). Real estate loans (average rate, 5.66 per cent.): 5% , $51,000; 53^% , $849,758.69; 6% , $513,780. Personal loans (average rate, 6.17 per cent.): 6 % , $364,925; 6J^%, $124,000; 6 M % , $17,000; 7% , $15,000. Bonds, stocks, etc. (average rate on amounts invested, 4.35 per cent.): 3% , $10,000; 3J^%, $85,000; 4% , $200,400; 4 K % , $59,450; 4 ^ % , $77,000; 4 M % . $5,000; 5% , $40,000; 8% , $600; 10% , $8,700. Number of loans not over $3,000 each, 236, amounting to $425,285. 1 real estate loan made during year, amounting to $7,000. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Feb., 1918, 2 % A u g., 1918, 2 M % Number of deposits during year, 4,250, amounting to $44,439 78 49,725 75 341,535 02 • -------------------------T $435,700 55 437,887 13 Number of withdrawals during year, 3,867, amounting to N et decrease in amount-due depositors . . . . . $2,186 58 I SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $59,450 United States 22.000 Boston 4s 5,400 Dubuque, la., 4s 9.000 Lawrence 4s 5.000 Minneapolis, Minn., 4%s 3.000 Saginaw, Mich., 4s 15.000 San Francisco, Cal., 5s Railroad Bonds. $4,500 Baltimore & Ohio 3p£s 5.000 Baltimore & Ohio 4}4s 20,000 Baltimore & Ohio 5s 5.000 Boston & Albany 3U>s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $3,000 Boston & Albany 4s 3.000 Boston & Lowell 4s 5.000 Boston & Maine 3}^s 10.000 Boston & Maine 4s 4.000 Boston & Maine 4J^s 38.000 Cleveland Short Line 4Jtis 5.000 Fitchburg 3J^s 5.000 Fitchburg 4s 10.000 Illinois Central 3s 10,500 Illinois Central 3J^s 2.000 Illinois Central 4s 10.000 Minn., St. P. & Sit. St. M. 4s 33.000 N. Y. C. & H. R. 4s 40.000 N. Y „ N. H. & H. 3Ms 6.000 N. Y., N .H . & H . 4s 20.000 Pennsylvania 4}^s 3.000 Upper Coos 4s Par Value. $5,000 Washington Co. 3}4s 5.000 West Virginia & Pittsburgh 4s 4.000 Wore., Nash. & R. 4s Street Railway Bonds. $20,000 Boston Elevated 4s 5.000 Boston Elevated 4J^s 10,000 Boston & Northern 4s 5.000 Lynn & Boston 5s 5.000 West End 4J^s Bank Stocks. Shs. 52 Nl. Shawmut Bk., Boston 35 Fourth-Atlantic Nl. Bk., Boston 6 First Nl. Bk., Haverhill REPO RT OF THE 272 [Pub. Doc, PEOPLE’S SAVINGS BANK, BROCKTON.* 221 M A IN S T R E E T . Incorporated February 8, 1895. Number of corporators, 4 4 ; number of trustees, 25. W illiam L. D ouglas, President. H erman S. H ewett, Clerk o f the Corporation. C harles S. L udden, Treasurer. A rthur T . M ooney, Assistant Treasurer. Board o f Trustees: G . W . A lden , L. E . C hamberlain, M . A. D avis , W . L. D ouglas, F red D rew , H ervey D unham, J. H . F ield, E . H . F letcher, P. G . F lint, F. B . G ardner, H . S. H ewett, E . B . K eith, J. S. K ent , H . L. K ingman, E . M . L ow , C. S. Ludden, K enneth M cLeod, A. T . M ooney, C. D. N evins, F. E . P ackard , D avid P er Kins, W . A. R eed, F. P. R ichmond, B ernard Saxton , F. T . Y oungquist. Board o f Investment: W . L. D ouglas, E . M . L ow , F. B . G ardner, F. P. R ichmond, F. E . P ackard . Auditing Committee: F . B . G ardner, E . B . K eith, H . L. K ingman . Deposits draw interest from the first day of March, June, September and December; dividends are payable the fourth business day after March first and September first. Business hours: 9 a .m. to 2 p .m.; Saturdays, 9 a .m . to 12 m.; also Saturday evenings from September 15 to June 15 from 7 to 8.30 p .m. for deposits only. S T A T E M E N T OF C O N D IT IO N , O C T O B E R 31, 1918. A ssets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and n o t e s .................................................................................................................... Street railway bonds . . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . ■ ...................................................................... Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . . 737 loans on real estate (average of each, $4)478.06) . . . . . . . 57 loans on personal security . . . . . . . . . . Bank building and fixtures (estimated value, $80,000; assessed value, $ 69,050 . . Real estate by foreclosure, etc. (assessed value, $20,760) . . . . . . Taxes, insurance, etc., paid on mortgaged properties . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . ) $465,183 945,680 217,127 85,733 1,200 9,000 3,296,639 321,171 74,500 12,172 12,691 350 25,594 14,612 50 28 05 75 00 00 92 80 00 13 54 00 31 00 T o t a l A s s e t s ...........................................$5,481,656 28 L ia b ilitie s . D ue depositors on 23,692 accounts, averaging $221.03 each . (Accounts opened during year, 2,598 ; closed, 3,387; decrease, 744) Surplus: — a. Guaranty fund (3.82% o f deposits; increase during year, $20,000) b. Profit and loss (increase during year, $185.68) . . . . Current income: — Interest . ' . . . . . . . . ■ Less current expenses not charged off . . $2,378 10 Less State or local taxes not charged off . . 2,142 79 ------------------------- $5,236,549 96 200,000 00 . . 4,520 89 10,557 84 46 88 17,116 79 Unearned discount . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds T o t a l L ia b ilitie s . 17,384 81 $15,078 73 . . . . $5,481,656 28 * Statements of Life Insurance Departments appear on pages immediately following page 395. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis BANK COMMISSIONER. No. 8.] 273 T o t a l E xpenses fo r th e Y ea r, in c lu d in g S ta te T axes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $6,8 0 5 .5 1 $ 9 ,539.39 — C ost per $1,000 of assets 1 .2 4 1 .7 4 Cost per $1,000 of assets not including State tax and rent . Other Expenses. $ 1 ,351.64 .2 5 . . $ 4 ,0 0 2 .9 2 .73 . . . Total. $21,699 .49 3 .9 6 2 .7 2 Gross income received during the year, $268,496.99. I R a tes o n I n v e stm e n ts a n d L oa n s (A verage o n A ll, 5.35% ). Real estate loans (average rate, 5.91 per cent.): 5% , $12,000; 5J^%, $547,000; 5M % t $65,000; 6% , $2,672,639.92. Personal loans (average rate, 5.96 per cent.): 4 )^ % , $8,000; 5% , $37,500; 6% , $215;671.80; 6 $40,000; 6 M % . $10,000; 7 % , $10,000. Bonds, stocks, etc. (average rate on amounts invested, 4.18 per cent.): 3h£%, $267,000; 3.65% , $10,000; 4 % , $1,105,975; 4 M % . $166,640; 4 M.%, $120,250; 5% , $96,000; 6% , $12,500; 8% , $1,200. Number of loans not over $3,000 each, 502, amounting to $882,805.05. 9 real estate loans made during year, amounting to $19,900. D iv id en d s, D e p osits a n d W ith d raw als. Ordinary dividends declared during year: March, 1918, 2 % . . . • Sept., 1918, 2 K % ............................................... Number of deposits during year, 37,312, amounting to . . . . . Number of withdrawals during year, 22,197, amounting to N et increase in amount due depositors . . . . . . . . . . $98,178 12 110,340 50 1,042,860 09 $1,251,378 71 1,203,770 16 . $47,608 55 X s SCHEDULE OF S E C U R ITIE S OW N ED. P u b lic F u n d s, B o n d s. Par Value. $5,550 United States 4s 141,640 United States 4J4s 10.000 Massachusetts 3M& 58.000 Boston 4s 20.000 Boston 4Ms 20.000 Brockton 4s 5.000 Brockton 4J^s 5,250 Brockton 4J^s 9.000 Fall River 4s 16.000 Fitchburg 4s 2.000 Indianapolis, Ind., 4s 10,600 Lowell 4s 7.000 Lynn 4s 10.000 Newton 3.65% 12,500 Portland, Ore., 6s 15.000 San Francisco, Cal., 5s 15.000 Somerville 3)^s 9.000 Andover 4s 3.000 Athol 4s 4.000 Medway 4s 3.000 Methuen 4s 700 Plainville 4s 1.000 Saugus 4s 1.000 Wakefield 3]/£s 67,125 West Bridgewater 4s 5.000 Westwood 3Mb https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis P u b lic F u n d s, N otes. Par Value. $10,000 Bourne 5s Par Value. $10,000 Portland Terminal Co. 4s 10.000 Providence Terminal Co. 4s 23.000 Union Pacific 4s 10.000 Washington Co. 3Ms R a ilro a d B on d s. $10,000 Atch., Top. & Santa F5 4s 25.000 Baltimore & Ohio 4s 40.000 Baltimore & Ohio i lA s 15.000 Boston & Lowell 5s 205.000 Boston & Maine 4s 25.000 Boston & Maine 4)^8 50.000 C., B. & Q. 4s 24.000 Chi., Indiana & Southern 4s 70.000 Chi., Mil. & St. Paul 4s 22.000 Chic. & No. Western 4s 8.000 Concord & Montreal 4s 17.000 Connecticut River 4s 5.000 Dexter & Piscataquis 4s 5.000 Fitchburg 3Ms 43.000 Fitchburg 4s 30.000 Illinois Central 3]4s 5.000 Man., Gr. B. & N. W . 3J^s 50.000 N. Y. C. & H. R. 4s 186.000 N. Y., N. H. & H. 3 ^ s 75.000 N. Y „ N. H. & H. 4s 26.000 No. Maine Seaport 5s S treet R a ilw a y B o n d s. $47,000 Boston Elevated 4s 5.000 Boston Elevated 4M b 15.000 Boston Elevated 5s 75.000 Boston & Northern 4s 10.000 Boston & Revere 5s 5.000 Georgetown, Row. & Ips. 5s 10.000 Old Colony 4s 16.000 West End 4s 15.000 Worcester Consolidated 4M b 30.000 Worces. & Southbridge 4Mb B a n k S to ck s. Shs. 12 Home Nat. Bk., Brockton REPO RT OF THE 274 [Pub. Doc, PEOPLES SAVINGS BANK, HOLYOKE. 314 H IG H S T R E E T . Incorporated March 19, 1885. John E. C lark, President. Number of corporators, 43; number of trustees, 17. F. H. Chamberlin, Treasurer. John H ildreth , Clerk of the Corporation. Board o f Trustees: G . P. B . A lderman, O. D. A llyn , T . S. C hilds, J. E. C lark, H. M. C ooledge, A. D. D urocher, H. J. F rink , L. M. G aylord . L. G. H einritz, John H ildreth , J. C. H ub bard, J. N . H ubbard, J. K . Judd, W illiam M cC orkindale, R . T. Oakes , J. A. Sullivan , C. H. T aber . Board of Investment: J. E . C lark , J. A . Sullivan , J. N . H ubbard, R . T. Oakes , G . P . B . A lderman. Auditing Committee: J. N . H ubbard, J. C . H ubbard, O. D . A llyn . Deposits draw interest from first day of February, M a y , August and Novem ber; dividends are pay able the third Tuesday of M a y and November. Business hours: 9 a .m . to 4 p .m .; Saturdays, 9 a .m . to 12 m .; also Thursdays, 7 to 8 p .m . S T A T E M E N T O F C O N D IT IO N , O C T O B E R 31, 1918. A ssets. Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds . . . Boston Terminal C o. bonds . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 482 loans on real estate (average o f each, $6,915.45) . . . . . . 37 loans on personal security . . . . . . . . . Bank building and fixtures (estimated value, $200,000; assessed value, $131,000 ) Real estate by foreclosure, etc. (assessed value, $14,000) . . . . W ar savings stamps and thrift stamps . . . . . . . . Liberty Loan Bonds, balance due from subscribers . . . . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . . . T o t a l A ssets . . . . $790,925 489,507 61,856 98,218 67,529 81,010 1 3,333,248 309,950 192,190 22,818 200 92,100 202,059 11,575 . . . 34 50 25 75 00 00 00 30 00 15 42 00 00 34 57 $5,753,189 62 L ia b ilitie s . D ue depositors on 10,984 accounts, averaging $479.84 each . i . (Accounfs opened during year, 1,449; closed, 1,784; decrease, 885) Surplus: — a. Guaranty fund (3.41 % o f deposits; increase during year, $20,000) b. Profit and loss (increase during year, $18,784-^4) • Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T o t a l L ia b ilitie s . . $5,270,555 27 180,000 00 233,418 35 69,216 00 . $5,753,189 62 275 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Other Expenses. A m o u n t paid for C o s t p e r $1,000 of assets $4,655.01 $12,356 .14 $ 2 ,055.55 $ 2 0 6 .8 5 $ 2,973.91 .81 2 .1 5 .3 6 .04 .51 Cost per $1,000 of assets not including State tax and r e n t .......................................................... Total. $22,247 .46 3 .8 7 2 .7 0 Gross income received during the year, $270,361.21. Rates on Investments and Loans (Average on All, 5.43%). Real estate loans (average rate, 6 per cent.): 6% , $3,333,248.30. Personal loans (average rate, 6 per cent.): 6% , $309,950. Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cent.): 3M % i $205,000; 4 % , $1,077,000; 4 M % , $225,000; 4 M % , $25,000; 5% , $1,250; 6% , $15,200; 8% , $24,300; 10% , $5,000; 12% , $ 11,000. Number of loans not over $3,000 each, 265, amounting to $471,723.30. 2 real estate loans made during year, amounting to $30,000. Dividends, Deposits and Withdrawals. $100,882 30 101,856 82 1,001,318 14 Ordinary dividends declared during year: N ov., 1917, 2 % M ay, 1918, 2% Number of deposits during year, 16,456, amounting to . Number of withdrawals during year, 11,657, amounting to $1,204,057 26 1,280,237 47 $76,180 21 N et decrease in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Railroad Bonds. Par Value. $225,000 United States 4Mb 200,000 Massachusetts 4s 81.000 Fall River 4s 78.000 Holyoke 4s 25.000 Holyoke 4}^s 80.000 New Bedford 4s 50.000 Salem 4s 50.000 Worcester 4s 3,000 Van Buren, Me. (W. D.), 4s Par Value. $25,000 Boston & Albany 4s 100,000 Boston & Maine 4s 25.000 Connecticut River 4s 50.000 Delaware & Hudson Co. 4s 25.000 Fitchburg .3Ms 50.000 Fitchburg 4s 50.000 Minn., St. P. & Sit. St. M. 4s 80.000 N. Y., N. H. & H. 3Ms 50.000 N. Y „ N. H. & H. 4s 45.000 Old Colony 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. Par Value. $15,000 Boston Elevated 4s 50,000 Boston & Northern 4s 500 Holyoke 5s Bank Stocks. Shs. 20 Hadley Falls Nl. Bk., Holyoke 110 Holyoke Nl. Bk. 223 Home Nl. Bk., Holyoke 243 Hadley Falls Tr. Co., Holyoke 7 Monson Nl. Bk. 145 Chapin Nl. Bk., Springfield 50 Chicopee Nl. Bk., Springfield I REPO RT OF THE 276 [Pub. Doc, PEOPLE’S SAVINGS BANK, WORCESTER. 450 M AIN STREET. Incorporated M ay 13, 1864. Number of corporators, 138; number of trustees, 23. G eorge A. Gaskill, President. G eorge C rompton, Clerk of the Corporation. F rederick W. W hite , Treasurer. G eorge E . R yan , Assistant Treasurer. Board of Trustees: G. I. A lden , A . H. B ullock, I. E . C omins, G eorge C rompton, A lexander D eW itt, R . B. D odge, W. T. F orbes, G. A. Gaskill, H. W. G oddard, J. N . H eald, A . S. H eywood, C . H. H utchins, W . H. I nman, W . W . Johnson, E . W . K insley, C . F . M arble, P. B. M organ, G. A. Smith, C. M . T hayer , A lfred T homas, M . J. W hittall, W illiam W ood ward, A. O. Y oung. Board of Investment: G. A. Gaskill, P. B . M organ, A lexander D eW itt, W . W . Johnson, H. W. G oddard. Auditing Committee: A. H. B ullock, E . W. K insley, A. S. H eywood. Deposits draw interest from first day of February, M ay, August and November; dividends are pay able the second day of February and August. Business hours: 9 a .m . to 3 p .m .; Saturdays, 9 a .m . to 1 p .m ., and 6 to 8 p .m ., for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . . 1,836 loans on real estate (average of each, $4,84^-91) . . . . . . 128 loans on personal security . . . . . . . . . . Bankers’ acceptances . . . . . . . . . . . . Bank building and fixtures (estimated value, 8235,000; assessed value, $236,000) . . Real estate by foreclosure, etc. (assessed value, 8229,000 ) .......................................................... Taxes, insurance, etc., paid on mortgaged properties . . . . . . Suspense account . . . . . . . . . . . . W ar savings stamps and thrift stamps . . . . . . . . . Deposits in national banks or trust companies . . . . . . . Cash and cash items . . . . . . . . . . . . $2,514,696 75 4,616,422 50 735,485 00 25,000 00 215,493 12 132,079 23 18,751 71 8,891,580 09 2,430,528 33 25,000 00 190,000 00 232,495 33 90 27 2,023 20 1,393 91 403,561 36 31,395 97 T otal A s s e t s .......................................... $20,465,996 77 Liabilities. Due depositors on 36,896 accounts, averaging $513.10 each . $18,931,704 32 {Accounts opened during year, 4<495; closed, 4,008; increase, 487) Surplus: — a. Guaranty fund (.4-99% of deposits; increase during year, $45,000) h. Profit and loss (increase during year, $60,602.08 ) . Current income: -— Interest . . . . . . . . . . Less current expenses not charged off . . $12,857 39 Less rent account not charged off . . 4,189 74 945,000 00 247,856 43 $202,157 10 17,047 13 185,109 97 31,453 65 124,872 40 Unearned discount . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis T otal Liabilities . . . . . $20,465,996 77 ( No. 8.] BANK COMMISSIONER. 277 T otal Expenses for the Year, including State Taxes. # Rent. Advertising. State Tax (Net). Salaries. Amount paid for $ 3 5,568 .30 $29,895 .38 $4 ,5 0 0 .0 0 $4,772.51 C ost per $1,000 of assets 1 .7 4 1 .4 6 .2 2 .2 3 C ost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $16,087 .96 $90,824 .15 .79 4 .4 4 2 .4 8 Gross income received during the year, $965,950.89. Rates on Investments and Loans (Average on All, 5.16%). Real estate loans (average rate, 5.75 per cent.): 4A%< $987,000; 5% , $710,875; 6% , $7,193,705.09. Personal loans (average rate, 6.06 per cent.): 5J^%, $795; 6% , $2,149,733.33; 6 )4 % , $25,000; 6 )4 % , $205,000; 7% , $50,000. Bonds, stocks, etc. (average rate on amounts invested, 4.25 per cent.): 3 )4 % . $959,900; 3 % % , $30,115; 4% , $4,316,180; 4 )4 % , $1,005,900; 4 )4 % , $1,277,375; 5% , $539,000; 5 )4 % , $96,300; 6% , $52,800; 10% , $66,000; 16%, $10,000. Number of loans not over $3,000 each, 1,030, amounting to $1,746,617.84. 17 real estate loans made during year, amounting to $87,750. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Feb., 1918, 2 % Aug., 1918, 2% Number of deposits during year, 47,117, amounting to . $356,626 51 357,435 44 2,986,557 12 . . Number of withdrawals during year, 34,533, amounting to $3,700,619 07 3,263,376 29 $437,242 78 N et increase in amount due depositors SCHEDULE OF SECURITIES OWNED, Railroad Bonds. Public Funds, Bonds. Par Value. $300,000 U. S. Certs, of Indebt. 4)4s 3,900 United States 3)4s 1,005.900 United States 4)4s 130.000 Massachusetts ¿A s 50.000 Essex Co. 4s 276.000 Boston 4s 25.000 Brockton 4s 5.000 Cambridge 3)4s 43.000 Cambridge 4s 25.000 Chelsea 4s 20.000 Everett 4s 3.000 Gloucester 4s 4.000 Haverhill 4s 5.000 Holyoke 4s 25,500 Lawrence 4s 780 Lowell 4s 105.000 New Bedford 4s 27.000 Taunton 4s 233.000 Worcester 4s 25.000 Worcester 4)4s 12.000 Acton 4s 19.000 Dalton 4s 5.000 Danvers 4s 3.000 Danvers 5s Public Funds, Notes. $2,000 Auburn 4s 8.375 Auburn 4As 27,800 Auburn 5As 5.000 Boylston ¿A s 2,400 Boylston 4s 8.000 Boylston ¿A s 2.000 Boylston 6s 24.000 Charlton ¿A s 5,800 Charlton 6s 1,500 Greenwich ¿A s 1.000 Oxford 3J/2S 25,115 Oxford 3%s 30.000 Oxford ¿A s 20.000 Oxford 6s 5.000 Phillipston ¿A s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis $92,000 Atch., Top. & Santa F6 4s 55.000 Baltimore & Ohio 4s 50.000 Baltimore & Ohio 4As 50.000 Baltimore & Ohio 5s 25.000 Bangor & Aroostook 5s 50.000 Boston & Albany ¿A s 266.000 Boston & Albany 4s 9.000 Boston & Albany 4As 27.000 Boston & Lowell ¿A s 31.000 Boston & Lowell 4s 5.000 Boston & Lowell 4As 129.000 Boston & Maine ‘¿ A s 109.000 Boston & Maine 4s 91.000 Boston & Maine 4As 184.000 C., B. & Q. 4s 50.000 Chi., Mil. & St. Paul 4s 125.000 Chi., Mil. & St. Paul 4As 75.000 Chi., Mil. & St. Paul 5s 65.000 Chi. & Northwestern 4s 25.000 Chi., R. I. & Pac 4s 75.000 Cleveland Short Line 4As 71.000 Conn. River ¿A s 23.000 Conn. & Pass. Rivers 4s 55.000 Delaware & Hudson 4s 39.000 Fitchburg ¿A s 129.000 Fitchburg 4s 2.000 Fitchburg 4As 30.000 Fitchburg 5s 200.000 Illinois Central ¿A s 180.000 Illinois Central 4s 73.000 Lake Shore & Mich. So. 4s 50.000 Louisville & Nashville 4s 99.000 Louisville & Nashville 5s 25.000 Mobile & Montgomery 4.A s 33.000 Me. Cent., E. & N. A. 4s 170.000 Maine Central 4As 50.000 Mich. Central ¿A s 50.000 Mil., L. S. & Western 5s 119.000 Minn., St. P. & S. S. M. 4s 50.000 Minn., St. P. & S. S. M. 5s 109.000 New England 4s 118.000 N. Y. C. & H. R. ¿A s \ $2a00V000 N. Y. C. & H. R. 4s 25.000 N. Y., Lack. & West. 6s 111.000 N. Y., N. H. & H. ¿A s 325.000 N. Y., N. H. & H. 4s 75.000 Norwich & Wore. 4s 199.000 Old Colony 4s 160.000 Pennsylvania 4As 50.000 Port. & Rumford Falls 4s 58.000 Portland Terminal Co. 4s 19.000 Rome, Wat. & Ogdens. 5s 75.000 Southern Pacific 4s 50.000 St. Paul, Minn. & Man. 4s 25.000 Sullivan County 4s 5,000 Western Penn. 4s 82.000 Wore., Nash. & Roch. 4s Street Railway Bonds. $92,500 Boston Elevated 4s 142.000 Boston Elevated 4As 102.000 Boston & Northern 4s 24.000 East Middlesex 4s 13.000 Fitchburg & Leominster 4As 30.000 Holyoke 5s 42.000 Lynn & Boston 5s 7,000 N. B., Middle. & Brock. 5s 81.000 Old Colony 4s 16.000 Springfield St. Ry. 4s 75.000 West End 4s 25.000 West End 5s 77.000 Worcester Consolidated 4As 34.000 Worcester Consolidated 5s Bank Stocks. Shs. 285 Nl. Shawmut Bk., Boston 100 Second Nl. Bk., Boston 375 Worcester Bank & Trust Co. REPO RT OF THE 278 [Pub. Doc. PLYMOUTH SAVINGS BANK, PLYMOUTH. 36 M AIN STREET. Incorporated June 11, 1 8 2 8 .. Number of corporators, 34; number of trustees, 18. Board of Trustees: J. E . B artlett, A . E . B lackmer, W. G . B rown, M orton C ollingwood, J. W. C ooper, C . S. D avis, H . B . D avis, G . L. G ooding, F. J. H eavens, E . E . H obart, F. C . H olmes, W. S. K yle , A rthur L ord, G eorge M abbett, L. B. R eed, John R ussell, J. D. T hurbeb, T. R. W atson. Board o f Investment: A . E . B lackmer, C . S. D avis, H . B . D avis, G . L. G ooding, F. J. H eavens. Auditing Committee: J. E . B artlett, C . S. D avis, G eorge M abbett. Deposits draw interest from first Tuesday of January, April, July and October; dividends are payable the first Tuesday of January and July. Business hours; 9 a .m. to 3 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . . . . Railroad bonds and notes . . . . . . . . . . . Street railway bonds . . . . . . . . . . . . Boston Terminal Co. bonds . . . . . . . . . . . American Tel. & Tel. C o. bonds . . . . . . . . . . Stocks of banks and trust companies . . . . . . . . . 487 loans on real estate (average of each, $1,647.91) . . . . . . . 34 loans on personal security . . . . . . . . . . Bank building and fixtures ( estimated value, $54,000; assessed value, $59,525 ) . Real estate by foreclosure, etc. (assessed value, $3,000) . . . . . . Deposits in national banks or trust companies . . . . . . . Cash . . . . . . . . . . . . . . . . $437,000 00 840,217 31 167,420 00 8,455 00 54,960 00 231,913 00 802,535 50 677,525 00 25,000 00 2,402 05 45,609 03 4,890 76 Total A s s e t s .......................................... $3,297,927 65 Liabilities. Due depositors on 6,719 accounts, averaging $440.85 e a c h ...............................................$2,962,106 12 (Accounts opened during year, 420; closed, 571; decrease, 151) Surplus: — a. Guaranty fund {5.13% of deposits; increase during year, $11,194-02) . . b. Profit and loss (increase during year, $6,288.74) . . . . . . Current income; — а. Interest . . . . . . . $61,619 19 б. R ent . . . . . . . 1,198 03 ------------------------$62,817 22 Less current expenses not charged off . . . . 3,245 38 ------------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 152,250 49 123,999 20 59,571 84 . $3,297,927 65 279 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Other Expenses. Total. $ 2 ,090.36 .63 $18,452 .90 5 .5 8 2 .9 7 Am ount paid for $ 7 ,642.54 $7,7 2 0 .0 0 $ 1 ,000.00 Cost per $1,000 of assets 2 .3 1 2 .3 4 .30 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $173,888.26. Rates on Investments and Loans (Average on All, 5.34%). Real estate loans (average rate, 5.22 per cent.): 4M %> $4,300; 5% , $572,457.50; 5M%>. $98,805; 6% , $126 973. Personal loans (average rate, 5.93 per cent.): 4 % % , $19,500; 5% , $8,700; 5M % i $24,637.50; 6% , $624,687.50. Bonds, stocks, etc. (average rate on amounts invested, 5.10 per cent.): 3 M % . $95,000; 4% , $562,780; 4 M % , $130,000; 4 K % , $50,000; 5% , $350,700; 6% , $428,200; 8% , $92,900; 10% , $32,800; 12% , $27,000. Number of loans not over $3,000 each, 424, amounting to $471,791.75. 25 real estate loans made during year, amounting to $50,700. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % . . . . . July, 1918, 2M / c ............................................... Number of deposits during year, 3,750, amounting t o .......................................................... Number of withdrawals during year, 5,504, amounting to N et decrease in amount due depositors . . . . . . . . . . . . . $57,413 61 72,110 73 307,611 53 $437,135 87 466,371 31 $29,235 44 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $50,000 United States 4s 25.000 United States 4Ms 7.000 Massachusetts 3j4s 40.000 Massachusetts 4s 100.000 Boston 4s 100.000 Boston 4Ms 3.000 Brockton 4s 5.000 Fall River 4M8 15.000 Lawrence 4s 12.000 Lowell 4s 16.000 Medford 4s 10.000 New Bedford 4s 15.000 New Bedford 5s 26.000 Salem 4s 13.000 Worcester 3Ms https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $50,000 Baltimore & Ohio 4Ms 65.000 Chic., Mil. & St. Paul 5s 41.000 Chic. & Northwestern 6s 50.000 Chic., R. I. & Pacific 4s 21.000 Chic., St. P., Minn. & 0 . 6s 5.000 Fre., Elk. & Mo. Val. 6s 75.000 Illinois Central 4s 42.000 Louisville & Nash. 5s 131,000 Louisville & Nashville 6s 30.000 Mobile & Ohio 6s 7.000 Montana Central 6s 58.000 Nash., Flor. & Shef’d 5s 65.000 N. Y., N. H. & H. 3Ms 30.000 N. Y., N. H. & H. 4s 25.000 Norfolk & Western 6s 59.000 Pitts., McK. & Yough. 6s 73,780 St. Paul, Minn. & Man. 4s 1 30.000 St. Paul, Minn. & Man. 6s Street Railway Bonds. Par Value. $105,000 Boston Elevated 5s 65,000 West End 5s Bank Stocks. Shs. 7 Abington Nl. Bk. 228 Merchants Nl. Bk., Boston 811 Nl. Shawmut Bk., Boston 100 Nl. Union Bk., Boston 55 Old Boston NL Bk., Boston 270 Second NL Bk., Boston 80 Brockton Nl. Bk. 250 Home Nl. Bk., Brockton 18 Union Nl. Bk., Lowell 278 Old Colony Nl. Bk., Plymouth 184 Plymouth Nl. Bk. 100 Third NL Bk., Springfield 171 Bristol Co. Nl. Bk., Taunton 280 REPO RT OF TH E [Pub. Poc, PLYMOUTH FIVE CENTS SAVINGS BANK, PLYMOUTH. 44 M AIN STREET. Incorporated April 6, 1855. Number of corporators, 36; number of trustees, 20. H orace M . Saunders, President. W illiam W. B rewster, Treasurer. H enry W. B arnes, Clerk o f the Corporation. Board o f Trustees: E . B. A twood, H . W . B arnes , J. C. B arnes , H . W . Bartlett, E . R . B elcher, W . L. Boyden , G. W . B radford, W . W . Brewster, E. L. B urgess, S. A . C hapman, C. C. D oten, W . T . E ldridge, B. W . G ooding, C . P. H atch, R ichard H olmes, G . B. H owland, J. S. R obbins, H. M . Saunders, C. A. Strong, J. B. W ashburn. Board of Investment: C. P. H atch, C. A . Strong, W . L. B oyden, W . T . E ldridge, W . W . B rewster. Auditing Committee: W . T . E ldridge, H . W . B artlett, E. R . B elcher. Deposits draw interest from second Tuesday of January, April, July and October; dividends are pay able the second Tuesday of January and July. Business hours: 9 a .m. to 3 f .m.; also Saturdays, 7 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. $376,867 694,795 66.500 42,700 40,300 1,873 1,474,515 85,480 12.500 246 13,665 2,325 Public funds, bonds and notes . . . . . . . . . Railroad bonds and notes . . . . . . . . . . Street railway bonds American Tel. & Tel. Co. bonds . . . . . . . . . Stocks of banks and trust companies . . . . . . . . Securities acquired in settlement of indebtedness . . . . . . 783 loans on real estate {average of each, SI,883.16) . . . . . . 41 loans on personal security . . . Bank building and fixtures (estimated value, $15,000; assessed value, $28,900) Taxes, insurance, etc., paid on mortgaged properties . . . . . Liberty Loan Bonds, balance due from subscribers . . . . . . W ar savings stamps and thrift stamps . . . . . . . . Suspense account . . . . . . . . . . . Deposits in national banks or trust companies . . . . . . Cash and cash items . . . . . . . . . . T otal Assets 66 00 00 00 00 78 38 50 00 01 40 25 22 00 37,019 85 4,345 37 . $2,853,156 20 Liabilities. Due depositors on 9,249 accounts, averaging $286.42 each . $2,649,160 42 {Accounts opened during year, 904; closed, 860; increase, 44) Surplus: -— o. Guaranty fund {4.97% o f deposits; increase during year, $277) b. Profit and loss {increase during year, $7,790.34) Current income: — a. Interest . . . . . . . $36,267 72 b. R ent . . . . . . . 737 46 ------------------------Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities 131,772 99 38,406 53 $37,005 18 3,188 92 ------------------------- 33,816 26 . $2,853,156 20 281 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Advertising. Rent. Other Expenses. Total. $ 2 ,182.25 .76 $14,059 .64 4 .9 3 3 .2 6 $ 5 6 .0 0 .02 Amount paid for $ 3 ,955.93 $ 7 ,065.46 $ 8 00 .00 Cost per $1,000 of assets 1 .3 9 2 .4 8 .28 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $132,768.76. Rates on Investments and Loans (Average on All, 5.07%). Real estate loans $45,940. Personal loans (average rate, 5.44 per cent.): (average rate, 5.14 5J^%, $1,475; 5)4% > $14,000; 534% . $1,413,100.38; 6% , per cent.); 4 ^ % . $20,182.50; 4J^%, $5,130; 5% , $38,868; 6% , $16,300; 6 M % . $5,000. (average rate on amounts invested, 4.54 per cent.); 3%, $10,000; 334%, $68,000; 4% , $620,850; 4 )4 % , $189,000; 434% , $127,666.66; 4M % , $208,000; 6% , $18,100; 8% , $1,500; 9% , $6,000; 10% , $14,700; 20% , $6,000. Bonds, stocks, etc. Number of loans not over $3,000 each, 656, amounting to $689,000. 39 real estate loans made dinring year, amounting to $54,795. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2 % ' July, 1918, 2 M Number of deposits during year, 8,243, amounting to . Num ber of withdrawals during year, 6,092, amounting t Net increase in amount due depositors . . . . . . . % ............................................... . o . . . . ............................................... . . . . . $50,345 49 57,015 61 375,661 06 $483,022 16 448,096 97 $34,925 19 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $72,000 United States 4s 129,050 United States 434s 25.000 Boston 4J4s 10.000 Brockton 4s 25.000 Chelsea 4s 10.000 Lawrence 4s 8,500 Lowell 4s 12.000 New Bedford 4s 10.000 New Bedford 434s 36.000 North Adams 4s 26.000 Plymouth 4s Public Funds, Notes. $2,666 Duxbury 434s 1,000 Plymouth 3)4s 1,500 Plymouth 4s 10,000 Plymouth 5s 800 Plympton 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $65,000 Baltimore & Ohio 4s 34.000 Baltimore & Ohio 434s 10.000 Baltimore & Ohio 5s 25.000 Bangor & Aroostook 5s 10.000 Boston & Albany 334s 30.000 Boston & Maine 4s 30.000 Boston & Maine 434s 50.000 Carthage & Adirondack 4s 25.000 Chi., Mil. & St. Paul 4s 10.000 Chi., Mil. & St. Paul 434s 85.000 Chi., Mil. & St. Paul 5s 30.000 Cleve., Lorain & Wheel. 5s , 15,000 Fitchburg 4J4s 6.000 Fre., Elk. & Mo. Val. 6s 10.000 Illinois Central 3s 50.000 Illinois Central 4s 10.000 Me. Cent. E. & N. A. 4s 24.000 Michigan Central 5s 5.000 Mil., L. S. & Western 5s 40.000 N. Y. C. & H. R. 4s Par Value. $57,000 N. Y., N.-H. & H. 334s 30.000 N. Y., N. H. & H. 4s 10.000 Northern Me. Seaport 5s 15.000 Old Colony 4s 25.000 Pennsylvania 4J4s 30.000 Southern Pacific 4s Street Railway Bonds. $16,000 Boston Elevated 4s 36.000 Boston Elevated 434s 15.000 West End 5s Bank Stocks. Shs. 60 First Nl. Bk., Boston 137 Nl. Shawmut Bk., Boston 15 Webster & Atlas Nl. Bk., Boston 60 Brockton Nl. Bk. 76 Old Colony Nl. Bk., Plymouth 45 Plymouth Nl. Bk. 10 Third Nl. Bk., Springfield 282 REPO RT OF THE [Pub. Doc, PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWNS OF SALISBURY AND AMESBURY, AMESBURY. 3 M AR KET STREET. Incorporated February 28, 1828. Number of corporators, 36; number of trustees, 12. A lfred C. W ebster, President. R alph P. T rue, Treasurer. A ugustus N . P ahrt, Clerk o f the Corporation. « Board o f Trustees: G eorge A llen , W. E . B iddle, J. E . B lake, J. T . C hoate, N . E . C ollins, John C urrier, W. W. H awses , H. B. Locke, A. N . Parry , R. P. T rue , A. C. W ebster, A. G. W illey. Board o f Investment: A. C . W ebster, W . W . H awkes, Joh n C urrier. Auditing Committee: A. G. W illey , J. E . B lake , H . B. L ocke. Deposits draw interest from third Wednesday of January, April, July and October; dividends are pay able the fourth Wednesday of April and October. Business hours: 9 a .m . to 2 p . m .; Saturdays, 9 a .m . t o 12 M . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds . . . . . American Tel. & Tel. Co. bonds ' Stocks of banks and trust companies Securities acquired in settlement of indebtedness 317 loans on real estate {average of each, $2,238.75) . 26 loans on personal security Bank building and fixtures {estimated value, $18,000; assessed value, $22,650) Real estate by foreclosure, etc. {assessed value, $8,500) Taxes, insurance, etc., paid on mortgaged properties Suspense account . . . . . . Deposits in national banks or trust companies Cash . . . . . . . . . . . $1,269,790 611,437 223,000 57,000 65,121 1 708,100 768,500 19,000 2,804 168 5,000 30,006 . $3,774,253 03 . . $3,437,860 31 . . . . 176,577 48 151,711 48 $7,309 11 705 35 ------------------------. . . 6,603 76 1,500 00 Total Assets 00 50 00 00 00 00 00 00 00 58 00 00 44 Liabilities. D ue depositors on 8,761 accounts, averaging $392.41 each . . . {Accounts opened during year, 965; closed, 580; increase, 885) Surplus: — a. Guaranty fund {5.14% o f deposits; increase during year, none) b. Profit and loss {decrease during year, $11,088.52) . . . Current income: — a. Interest . . . . . . . $7,233 55 b. R e n t ...................................................................... 75 56 ------------------------Less current expenses not charged off . . . . Unearned discount . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . . . T otal Liabilities . . . . . $3,774,253 03 BANK COMMISSIONER. No. 8.; 283 Total Expenses for the Year, includingTState Taxes. State Tax (Net). Salaries. Advertising. Rent. Am ount paid for $11,131 .43 $7,605.00 Cost per $1,000 of assets 2 .9 5 2 .0 1 Cost per $1,000 of assets not including State tax and rent . Other Expenses. Total. $1,5 8 8 .6 5 .4 2 $20,325 .08 5 .3 8 ..................................... 2.43 Gross income received during the year, $171,698.25. Rates on Investments and Loans (Average on All, 4.82%). Real estate loans (average rate, 5.04 per cent.): 5% , $674,800; 514%, $7,000; 6% , $26,300. Personal loans (average rate, 6 per cent.): 6% , $768,500. Bonds stocks, etc. (average rate on amounts invested, 4.35 per cent.): 3 H % , $55,000; 4% , $1,355,000; 4 14 % , $311,800; 4 V2%, $417,500; 5% , $50,000; 5 ^ % , $3,500; 6% , $10,000; 8% , $7,200; 9 % , $2,500; 10% , $34,200; 12% , $5,000; 20% , $2,700. Number of loans not over $3,000 each, 286, amounting to $296,200. 15 real estate loans made during year, amounting to $15,900. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2 M % Oct., 1918, 2 M % Number of deposits during year, 14,870, amounting to . $74,553 05 74,257 69 398,082 24 • $546,892 98 553,906 16 Number of withdrawals during year, 6,503, amounting to N et decrease in amount due depositors . . . . . . . . $7,013 18 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $261,800 United States 4Mb 70.000 Massachusetts 4s 24.000 Beverly 4s 125,000 Boston 4s 50.000 Boston 4Mb 20.000 Cambridge 4s 50.000 Chelsea 4s 65.000 Cleveland, 0 ., 4M b 20.000 Fall River 4s 6.000 Haverhill 4s 50.000 Kansas City, Mo., 4Mb 25.000 Lewiston, Me., 4s 50.000 Los Angeles, Cal., 4Mb 25.000 Lynn 4s 25.000 Malden 4s 9.000 Medford 4s 50.000 Minneapolis, Minn., 4s 51.000 New Bedford 4s 30.000 North Adams 4s 25.000 Springfield 4Mb 50.000 St. Paul, Minn., 4M b https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Street Railway Bonds. Par Value. $20,000 Taunton 4s 99.000 Amesbury 4s 22,500 Amesbury 4Mb 25.000 Arlington 4s 25.000 Billerica 4s Par Value. $100,000 Boston Elevated 4s 25.000 Boston Elevated 4J^s 60.000 Springfield 4s 50.000 West End 4s Railroad Bonds. $25,000 Boston & Albany 5s 40.000 Boston & Maine 4s 25.000 Boston & Maine 4J^s Bank Stocks. 30.000 Boston, R. B. & L. 4Mb Shs. 25.000 Boyer Valley 3Ms 100 Powow River Nl. Bk., Amesbury 100,000 C., B. & Q. 4s 35 Boylston Nl. Bk., Boston 35.000 Chicago & Northwestern 4s 30.000 Cleveland & Pittsburgh 3Ms 50 Merchants Nl. Bk., Boston 342 Nl. Shawmut Bk., Boston 50.000 Illinois Central 4s 25.000 Mich. Cent-Det. & B. City 5s 25 Nl. Union Bk., Boston 21 Old Boston Nl. Bk., Boston 75.000 N. Y., N. H. & H. 4s 27 Second Nl. Bk., Boston 75.000 Pennsylvania 4Mb 32 Webster & Atlas Nl. Bk., Boston 25.000 Providence Terminal Co. 4s 33 Bay State Ni. Bk., Lawrence 40.000 Sullivan County 4s 7 Union Nl. Bk., Lowell 14.000 Wore., Nash. & R. 4s / 284 REPO RT OF THE [Pub. Doc. THE PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWN OF BOSTON, BOSTON. 36 Incorporated December 13, 1816. TEMPLE PLACE. Number of corporators, 126; number of trustees, 31. Louis C urtis, President. (Office vacant) Clerk of the Corporation. H enry Parkman , Treasurer. John S. A dams, Vice-Treasurer. Board of Trustees: G ordon A bbott, C. F. A dams, O liver A mes, H. B . Cabot, P hilip C abot, E . C. C larke , C. E . C otting, C. E . C otting, Jr., A llen C urtis, L ouis C urtis, Livingston D avis , G. L. D e B lois, P. Y. D e N ormandib, P hilip D exter , W. A. D upee, E . N. F enno, W. C. F orbes, G. P. Gardner, E . W. G rew , H. S. H owe, J. C. H owe, W alter H unnewell, C. C. Jackson, R- T - Lyman , A. L. R ipley, R . G. Shaw , Jr., A. B. Silsbee, F. W . Stearns, R . H . Stevenson, Jr., W. W. Vaughan, S. H. W olcott. Board of Investment: C . F. A dams, G ordon A bbott, Philip D exter , C . E . C otting, F. W . Stearns, W . A . D upee, A . L. R ipley . Auditing Committee: G . L. D e B lois, J. C . H owe, R . G . Shaw , Jr. Deposits draw interest from the fifth day of January, April, July and October; dividends are pay able January 15 and July 15. Business hours: 9 a .m . to 2 p .m .; Thursdays from 2 to 6 p .m . for deposits only. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes Railroad bonds and notes Street railway bonds Boston Terminal Co. bonds . American Tel. & Tel. Co. bonds Stocks of banks and trust companies 397 loans on real estate (average of each, $57,282.36) 153 loans on personal security . . . . Bank building and fixtures (estimated value, $1,517,000; a Real estate by foreclosure, etc. (assessed value, $23,700) Taxes, insurance, etc., paid on mortgaged properties Deposits in national banks or trust companies Cash and cash items . . . . . . Total Assets *8,473,176 14,904,965 919.000 960.000 1,084,281 418,650 22,741,098 6,858,695 570.000 21,304 141 1,507,199 97,419 value, $1,517,000) . . . 64 00 00 00 25 00 08 00 00 63 81 92 42 . $58,555,931 75 Liabilities. Due depositors on 102,662 accounts, averaging *526.86 each . . . . . *54,088,594 96 . . 2,800,480 00 603,487 49 (Accounts opened during year, 7,248; closed, 8,542; decrease, 1,299) Surplus; — a. Guaranty fund (5.18% of deposits; increase during year, none) b. Profit and loss (increase during year, $28,704-96) . . . Current income: — a. I n t e r e s t ...................................................................... *708,465 23 b. R e n t ...................................................................... 33,333 33 ------------------------Less current expenses not charged o f f ............................................... . *741,798 56 55,509 26 686,289 30 377,080 00 Deposits or installments received on sales of Liberty Loan Bonds Total L ia b ilitie s .......................................... $58,555,931 75 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for *131,914 .93 *9 5 ,2 5 1 .0 5 * 3 6 ,0 0 0 .0 0 Cost per $1,000 of assets 2 .2 5 1 .6 3 .61 Cost per *1,000 of assets not including State tax and rent . Gross income received during the year, *2,581,552.36. https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Other Expenses. Total. * 2 9 ,4 5 2 .7 1 $292,618.69 .5 0 4 .9 9 . . . 2 .1 3 BANK COMMISSIONER No. 8.] 285 Rates on Investments and Loans (Average on All, 4.55%). Real estate loans (average rate, 4.38 per cent.): 3M %. $708,000; 3 % % , $260,000; 4%, $9,336,625; 4M%, $1,000,000; 4M %. $3,472,000; 4 M % , $2,339,648.08; 4 % % , $72,000; 5%, $1,816,775; 5M % , $1,828,000; 5M %. $1,669,700; 5 % % , $5,000; 6%, $233,350. Personal loans (average rate, 6 per cent.): 6%, $6,858,695. Bonds, stocks, etc. (average rate on amounts invested, 4.32 per cent.): 3%, $110,000; 3.45%, $37,620; 3M %, $3,620,396.64; 3»A&%, $6,000; 3%0%, $39,000; 3M%, $18,260; 3.65%, $35,100; 4%, $15,993,000; 4J^%, $1,586,900; 4M %. $3,662,000; 5%, $1,783,000; 5M %. $85,000; 6%, $286,600; 8%, $61,200; 9%, $31,200; 10%, $141,900; 12%, $100,000; 20%, $20,000. Number of loans not over $3,000 each, 113, amounting to $155,132. 4 real estate loans made during year, amounting to $25,400. Dividends, Deposits and Withdrawals.. Ordinary dividends declared during year: Jan., 1918, 2% July, 1918, 2% Number of deposits during year, 85,758, amounting to $1,062,051 69 1,054,732 28 5,513,725 30 Number of withdrawals during year, 86,355, amounting to $7,630,509 27 8,490,538 68 $860,029 41 N et decrease in amount due depositors SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $1,500,000 U. S. Certs, of Indebt. 4Ms 167,550 United States 3Ms 1,516,500 United States 4Ms 320.000 Massachusetts 3Ms 325.000 Massachusetts 4s 50.000 Augusta, Me., 4s 859.000 Boston 4s 25.000 Haverhill 4s 5.000 Lawrence 4s 524.000 Lowell 4s 110.000 Lynn 4s 600.000 New Bedford 4s 40.000 New Britain, Conn., 4s 75.000 New Haven, Ct., 4s 135.000 Pawtucket, R. I., 4s 1,000,000 Providence, R. I., 4s 95.000 Quincy 4s 4.000 Waltham 4s 100.000 Worcester 4s 25.000 Attleborough 4s 14.000 Braintree 4s 37,620 Brookline 3.45% 36.000 Brookline 3Ms 14.000 Brookline 3.60% 40.000 Brookline 4s 50.500 Dalton 4s 10.000 Foxborough 4s 31.500 Grafton 4s 25.000 Leominster 4s 143.000 Manchester 4s 4.000 Tiverton, R. I., 4s 100.000 Westerly, R. I., 4s 165.000 West Springfield 4s Public Funds, Notes. $70,000 Bristol County 4M b 111,646 North Adams 3Ms 25.000 North Adams 3.60% 10.000 North Adams 3.62M% 35,100 North Adams 3.65% https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $4,200 Brookline 3Ms 6,000 Brookline 3%6S 8,260 Brookline 3Ms 30.000 Dedham 5.50% 30.000 Sharon 5.50% 25.000 Winchester 5.50% Railroad Bonds. $150,000 Louisville & Nash. 4M b 350.000 Maine Central 4M b 100.000 M. Cen.-Jol. & N. Ind. 4s 100.000 Minn. & Iowa 3Ms 150.000 Minn., St. P. & S. S. M. 4s 200.000 New England 4s 119.000 N. Y. C. & H . R. 3Ms 100.000 N. Y. C. & H. R. 4s 300.000 N. Y. & N. E. Term. 4s 390.000 N. Y„ N. H. & H. 3Ms 450.000 N. Y„ N. H. & H. 4s 86,600 N. Y„ N. H. & H. 6s 125.000 Norfolk & Western 4s 110.000 Northern Pacific 3s 1,000,000 Old Colony 4s 400.000 Pennsylvania 4M b 200.000 Portland Terminal Co. 4s 275.000 St. P., Minn. & Man. 4s 200.000 Southern Pacific 4s 100.000 Union Pacific 4s 107.000 Upper Coos 4Mb 672.000 Vermont & Mass. 3Ms $50,000 Albany & Susque. 3Ms 100.000 Allegheny Valley 4s 300.000 Atch., Top. & Santa Fd 4s 300.000 Baltimore & Ohio 3Ms 100.000 Bangor & Aroostook 5s 510.000 Boston & Albany 4s 100.000 Boston & Albany 4Ms 290.000 Boston & Albany 5s 174.000 Boston & Lowell 4s 50.000 Boston & Lowell 4Ms 500.000 Boston & Lowell 5s 200.000 Boston & Maine 4s 150.000 Boston & Maine 4Ms 200.000 Boston & Providence 6s 15.000 Boston, R. B. & Lynn 4Ms Street Railway Bonds. 1,004,000 C„ B. & Q. 4s 93.000 C., B. & Q. 5s $250,000 Boston Elevated 4s 300.000 Chic., Mil. & St. Paul 4s 400.000 Boston & Northern 4s 550.000 Chic., Mil. & St. Paul 4Ms 150.000 Holyoke 5s 200.000 Chic., Mil. & St. Paul 5s 100.000 Old Colony 4s 550.000 Chic. & Northwestern 4s 100.000 West End 4s 450.000 Chic. & Northwestern 5s 50.000 Chic., R. I. & Pac. 4s ' 100.000 Concord & Montreal 4s 250.000 Connecticut River 4s Bank Stocks. 500.000 Delaware & Hudson Co. 4s Shs. 950.000 Fitchburg 4s 200 First Nl. Bk„ Boston 250.000 Fitchburg 4Ms 1,000 Merchants Nl. Bk., Boston 350.000 Illinois Central 3Ms 571 Nl. Shawmut Bk., Boston 450.000 Illinois Central 4s 312 Nl. Union Bk., Boston 400.000 Lake Shore & Mich. S. 4s 350 Old Boston Nl. Bk., Boston 40.000 Louis., Cinn. & Lex. 4Ms 848 Second Nl. Bk., Boston 350.000 Louisville & Nash. 4s 612 Webster & Atlas Nl. Bk., Boston i 286 REPO RT OF THE [Pub. Doc. QUINCY SAVINGS BANK, QUINCY. 1374 HANCOCK STREET. Incorporated March 18, 1845. Number of corporators, 39; number of trustees, 11. H erbert T . W hitman, President. C larence B urgin, Treasurer. George E. A dams, Clerk o f the Corporation. Board of Trustees: G. E. A dams, F. H . B ishop, H . E. C rane, J. H . E mery , H . M . Faxon , C. A . H owland, E. W . Sheppard, G. A . Sidelinger, F. H . Smith, H . T . W hitman, J. F. Y oung. Board of Investment: H . T . W hitman, F. H . Smith, H . E. Crane , G. A . Sidelinger . Auditing Committee: G. A . Sidelinger , H . M . Faxon , J. F. Y oung. Deposits draw interest from the first Tuesday of January, April, July and October; dividends are pay able Wednesday following first Tuesday of April and October. Business hours: 8.30 a .m. to 3 p .m.; Saturdays, 8.30 a .m. to 12 m., and 7 to 9 p .m. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and n o t e s .........................................................................................................$545,000 00 Railroad bonds and notes . . . . . . . . . . . 1,278,941 Street railway bonds . . . . . . . . . . . . 145,333 American Tel. & Tel. Co. b o n d s ......................................................................................................... 100,677 . . . . . . . . . 40,985 Stocks of banks and trust companies Securities acquired in settlement of indebtedness . . . . . . . 9,000 1,271 loans on real estate (average o f each, $2,742.05) . . . $3,485,670 73 Less amount due on uncompleted loans . . . . . . 514 61 -------------------------3,485,156 36 loans on personal security . . . . . . . . . . 613,341 Bank building and fixtures (estimated value, $118,46641; assessed value, $84,775) . 118,466 Taxes, insurance, etc., paid on mortgaged properties . . . . . . 637 Deposits in national banks or trust companies . . . . . . . 50,188 Cash and cash items . . . . . . . . . . . . 3,676 Total Assets 25 90 50 00 00 12 00 41 52 12 67 . . . . . $6,391,403 49 . . . . . $5,849,799 82 Liabilities. Due depositors on 19,773 accounts, averaging $295.84 each (Accounts opened during year, 2,691; closed, 1,889; increase, 852) Surplus: — a. Guaranty fund (4.87% o f deposits; increase during year, $12,000) . . . b. Profit and loss (increase during year, $14,524.14 ) . . . . . . Current income: — a. Interest . . . . . . . $21,738 95 b. Rent . . . . . . . 256 22 ------------------------$21,995 17 Less current expenses not charged off . . . . 1,684 67 ------------------------- https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 285,000 00 236,293 17 20,310 50 . $6,391,403 49 287 BANK COMMISSIONER, No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Amount paid for $ 6 ,826.12 $14,778 .31 $ 1 ,500.00 Cost per $1,000 of assets 1 .0 8 2 .3 1 .2 3 Cost per $1,000 of assets not including State tax and rent . Other Expenses. $5,6 5 1 .8 6 .8 9 $ 6 91 .20 .10 Total. $29,447 .49 4 .6 1 3 .3 0 Gross income received during the year, $284,587.65. Rates on Investments and Loans (Average on All, 5.03%). .ReaZ estate loans (average rate, 5.45 per cent.): 5% , $539,000; 5h i% , $2,726,758.12; 6% , $219,398. Personal loans (average rate, 6.01 per cent.); 5% , $1,250; 5h i% , $6,200; 6% , $580,891; 6h i% , $25,000. Bonds, stocks, etc. (average rate on amounts invested, 4.07 per cent.); 3% , $25,000; 3J^%, $485,000; 4% , $1,134,000; 4h£%, $250,000; 4 h i% , $117,000; 5% , $105,000; 6% , $10,000; 8% , $20,000. Number of loans not over $3,000 each, 1,017, amounting to $1,821,217.50. 56 real estate loans made during year, amounting to $161,900. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year; April, 1918, 2hh% . . . . . Oct., 1 9 1 8 ,2 K % ............................................... Number of deposits during year, 29,272, amounting to . . . . . Number of withdrawals diming year, 16,741, amounting to N et increase in amount due depositors . . . . . . . . $1,815,268 81 1,388,585 29 . . . $114,960 51 117,805 55 1,582,502 75 . $426,683 52 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $200,000 United States 4h£s 75.000 Massachusetts 3his 12.000 Bristol County 4his 100,000 Boston 4s 21.000 Brockton 4s 50.000 Fall River 4 his 25.000 Minneapolis, Minn., 3his 50.000 New Bedford 4s 12.000 Quincy 4s Railroad Bonds. $25,000 Atch., Top. & Santa F6 4s 80.000 Baltimore & Ohio 4s 65.000 Bangor & Aroostook 5s 50.000 Boston & Albany 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $20,000 Boston & Maine 3hás 50.000 Boston & Maine 4s 60.000 Boston & Maine 4his 100,000 Chic., Burl. & Quincy 3his 25.000 Chic., Burl. & Quincy 4s 25.000 Chi., Mil. & St. Paul 4his 50.000 Chicago & Northwestern 4s 15.000 Chicago & Northwestern 5s 50.000 Delaware & Hudson 4s 50.000 Fitchburg 3 his 50.000 Fitchburg 4s 25.000 Illinois Central 3s 95.000 Illinois Central 3his 20.000 Illinois Central 4s 10.000 Michigan Central 3his 10.000 N. Y. Cent. & H. R. 3his 25.000 N. Y. C. & H. R. 4s SlOoIoON. Y „ N. H. & H. 3his 176,000 N. Y., N. H. & H. 4s 25.000 No. Maine Seaport 5s 45.000 Providence Term. Co. 4s 25.000 St. Paul, Minn. & Man. 4s 25.000 Wore., Nash. & Roch. 4s Street Railway Bonds. $80,000 Boston Elevated 4s 20.000 Boston Elevated 4his 50.000 Boston & Northern 4s Bank Stocks. Shs. 200 Commonwealth Tr. Co., Boston 100 Nl. Mt. Wollaston Bk., Quincy I 288 R E PO R T OF THE [Pub. Doc.. RANDOLPH SAVINGS BANK, RANDOLPH. M A IN STREET. Incorporated April 14, 1851. Number of corporators, 31; number of trustees, 11. Board o f Trustees: J. A . B rennan, A . L. C hase, S. T . C rawford, J. H . Field , A . P. F rench , H . F . French, H . W . F rench , F. C . G ranger, E . M . M ann , N . I. T olman, J. K . W illard . Board o f Investment: J. K . W illard , J. A . B rennan , F. C . G ranger, H . F. French. * Auditing Committee: J. A . B rennan , J. H . F ield. Deposits draw interest from first day of January, April, July and October; dividends are payable the first day of April and October. Business hours: 9 a .m. to 1 p .m.; 2 to 3 p .m.; Saturdays, 9 a .m. to 12 M. STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . Railroad bonds and notes . . . . . . . Street railway bonds . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . Stocks of banks and trust companies . . . . . 307 loans on real estate (average o f each, $3,928.26) . . . 9 loans on personal security . . . . . . Real estate by foreclosure, etc. {assessed value, $17,400) . . W ar savings stamps and thrift stamps . . . . . Deposits in national banks or trust companies . . . Cash and cash items . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $157,375 00 571,822 50 75,000 00 41,075 00 13,919 36 1,205,975 00 134,846 50 12,508 89 101 10 80,962 50 6,125 40 . . . . . . . . . T otal A s s e t s ...........................................$2,299,711 25 Liabilities. Due depositors on 3,931 accounts, averaging $512.71 each . . . . . $2,015,451 04 (Accounts opened during year, 143; closed, 225; decrease, 82) Surplus: — o. Guaranty fund (5.14% o f deposits; increase during year, none) b. Profit and loss ( increase during year, $6,707.94) . . . Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . Deposits or installments received on sales of Liberty Loan Bonds Suspense account . . . . . . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis . . . . . . $8,905 45 691 97 ------------------------. . . . . . . 103,630 00 111,124 33 8,213 48 61,060 50 231 90 T otal L ia b ilitie s ...........................................$2,299,711 25 One vacancy. BANK COMMISSIONER. No. 289 Total Expenses for the Year, including State Taxes. State Tax (Net). Rent. Salaries. Advertising. Other Expenses. Total. $ 1 73 .75 .07 $2,159.51 .94 $9,856.79 4 .2 8 2 .5 4 Am ount paid for $3 ,6 3 8 .5 0 $ 3 ,525.03 $3 6 0 .0 0 Cost per $1,000 of assets 1 .5 8 1 .5 3 .16 Cost per $1,000 of assets not including State tax and rent . Gross income received during the year, $106,206.53. Rates on Investments and Loans (Average on All, 5.05%). Real estate loans (average rate, 5.49 per cent.): 5% , $102,850; 5 )^ % , $1,027,650; § % , $75,475. Personal loans (average rate, 6.04 per cent.): 4 L£%, $1,350; 5 H % , $4,121; 6 % , $111,875.50; 6 J^%, $17,500. Bonds, stocks, etc. (average rate on amounts invested, 4.27 per cent.): 3J^%, $24,250; 4% , $574,350; 4 M % , $83,775; 4 ^ % , $100,000; 5% , $50,000; 6 % , $21,300; 8 % , $10,500; 9% , $2,500. Number of loans not over $3,000 each, 150, amounting to $269,625. 7 real estate loans made during year, amounting to $38,700. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: April, 1918, 2J^% Oct., 1918, 2 Number of deposits during year, 1,370, amounting to . . Number of withdrawals during year, 2,409, amounting to N et decrease in amount due depositors . . . . . . . . ............................................... . . . . . . . . . . . . . $45,113 00 44,605 34 121,590 98 $211,309 32 244,970 63 $33,661 31 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $25,000 U. S. Certs, of Indebt. 24,250 United States 3 550 United States 4s 83,775 United States 4)4s 20.000 Massachusetts 4s Public Funds, Notes. $3,800 Randolph 4s Railroad Bonds. $25,000 Bangor & Aroostook 5s 50.000 Boston & Albany 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $5,000 Boston & Lowell 4s 68.000 Boston & Maine 4s 25.000 Boston & Maine 4L£s 25.000 Boston & N. Y. Air Line 4s 25.000 Chicago & Northwest. 4s 15.000 Conn. & Pass. Rivers 4s 25.000 Delaware & Hudson 4s 10.000 Fitchburg 4s 25.000 Fitchburg 4Hs 30.000 Illinois Central 4s 70.000 N. Y „ N. H. & H. 4s 25.000 No. Maine Seaport 5s 80.000 Old Colony 4s 27.000 Portland Terminal Co. 4s 20.000 St. P., Minn. & Man. 6s 25.000 Sullivan County 4s Street Railway Bonds. Par Value. $50,000 Boston Elevated 4s 25,000 Boston Elevated 4J^s Bank Stocks.' Shs. 25 Nl. Union Bk., Boston 8 Webster & Atlas Nl. Bk., Boston 62 Home Nl. Bk., Brockton 35 Nl. City Bk., Lynn 13 Bristol County Tr. Co., Taunton REPO RT OF THE 290 [Pub. Doc. REVERE SAVINGS BANK, REVERE. 327 BR OADW AY. Incorporated April 12, 1912. Number of corporators, 65; number of trustees, 38. A l f r e d S. H a l l , President. A l b e r t J. B r o w n , Clerk o f the Corporation. W il l is G . B o n d , Treasurer. F o r r e s t C. T o w a r d , 1 . , tv/Txxt-ktt-b. a ( Assistant l reasurers. Board o f Trustees: H . J. A t k in s , C . K . B a d g e r , G . M . B e m is , W . G . B o n d , A . J. B r o w n , C . H . B r o w n , N . S. B u r b a n k , A . B . C a r t e r , C . F . C h is h o l m , A . H . C u r t is , S. R . C u t l e r , W . H . D e r b y , G . W . F o l s o m , T . W . G il l e t t e , C . E . G r e e l e y , A . S. H a l l , H . J. H a r d in g , L. L . H a r t w e l l , W . H . J o h n s o n , A . C. K i r b y , C. M . L i t t l e , A . H . M a g u n e , F . P . M o r s e , M a t t h e w M u l l ig a n , P . C . N o b l e , E . L. N o e r a , I. P . P a r k , J. R . P r o c t o r , F . G . R o g e r s , T . V . S a r g e n t , J. B. S h u r t l e f f , A . T . S p r a g u e , Jr., W . P . S t e r n e r , F. L. S u l l iv a n , G . H . T il t o n , W . G . T o r r e y , F . C . T o w a r d , H . L. Y o u n g . Board of Investment: C . F. C h is h o l m , E . L. N o e r a , T . V. S a r g e n t , J. B . S h u r t l e f f . Auditing Committee: P . C. N o b l e , I. P . P a r k , F. G . R o g e r s . Deposits draw interest from fifteenth day of February, M ay, August and November; dividends are payable M ay 15 and November 15. Business hours: 8.30 a .m . to 1 p .m .; also Saturdays, for de posits only, 4 to 8 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . . . . American Tel. & Tel. Co. bonds . . . . 72 loans on real estate (average o f each, $1,651.18 ) . 11 loans on personal security . . . . Furniture and fixtures . . . . . . Deposits in national banks or trust companies . Cash . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $8,833 12,620 10,522 1,837 1,835 118,885 17,900 767 6,992 1,169 57 50 90 50 00 00 00 43 81 69 $181,364 40 Liabilities. $176,656 62 Due depositors on 3,979 accounts, averaging $44.40 each (Accounts opened during year, 1,002; closed, J+63; increase, 539) Surplus: — a. Guaranty fund (1.11% o f deposits; increase during year, $799.88 ) b. Profit and loss (increase during year, $J+18.21f) Current income: — Interest . . . . . . . . . . Less current expenses not charged off . . . . https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 1,969 53 617 33 $3,062 29 941 37 ----------------- 2,120 92 $181,364 40 291 BANK COMMISSIONER. No. 8.] T otal Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $ 1 43 .71 $ 1 ,531.75 $3 4 5 .0 0 Cost per $1,000 of assets .79 8 .4 4 1 .9 0 Cost per $ 1 ,0 0 0 of assets not including State tax and rent . Other Expenses. Total. $6 2 6 .7 0 3 .4 5 $2,707.91 1 4.91 $ 6 0 .7 5 .33 12.22 Gross income received during the year, $10,503.71. Rates on Investments and Loans (Average on All, 5.69%). Real estate loans (average rate, 5.94 per cent.): 5% , $1,500; 5 M % , $10,250; 6 % , $107,135. Personal loans (average rate, 6.61 per cent.): 6 % , $900; 6 J^%, $2,000; 6 Jfi%, $9,000; 7% , $6,000. Bonds, stocks, etc. (average rate on amounts invested, 4.42 per cent.): 3J^%, $5,450; 4 % , $18,350; 4 $2,150; 4 ^ % , $8,000; 5% , $4,000. Number of loans not over $3,000 each, 76, amounting to $97,360. 9 real estate loans made during year, amounting to $11,775. Dividends, Deposits and Withdrawals. $2,547 52 2,640 94 126,488 96 Ordinary dividends declared during year: N ov., 1917, 2% , M ay, 1918, 2 % Number of deposits during year, 9,144, amounting to Number of withdrawals during year, 3,259, amounting to N et increase in amount due depositors . . . . . . . . . . . . $131,677 42 108,058 74 . $23,618 68 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $450 United States 33^s 2,350 United States 4s 2,150 United States 4Ms 1.000 Massachusetts 3 500 Massachusetts 4s 1.000 Fall River 3M>s 1.000 Fall River 4s 500 Saugus 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Street Railway Bonds. Par Value. $1,000 Atch., Top. & Santa F 6 4s 1.000 Baltimore & Ohio 4Hs 1.000 Chic., Mil. & St. Paul 4Ks 1.000 Fitchburg 4s 2.000 Illinois Central 4s 1.000 Lake Shore & Mich. South. 4s 1.000 Minn., St. Paul & S. St. M. 4s 4.000 N. Y. C .& H .R .4 s 1.000 N. Y .,N .H . & H .3 H s 1,0J0 Portland Terminal Co. 4s Par Value. $4,000 Boston Elevated 4)^s 2.000 Boston Elevated 5s 1.000 Leominster, Shirley & Ayer 5s 1.000 Old Colony 4s 1.000 West End 4J^s 1.000 West End 5s 1.000 Worcester & Southbridge 4Ks [Pub. Doc, REPO RT OF THE 292 ROCKLAND SAVINGS BANK, ROCKLAND. 279 UNION STREET. Incorporated March 3 0 ,1 8 6 8 . Number of corporators, 50; number of trustees, 15. J o s ia h A . T o r r e y , President. H a r r y W . B u r r e l l , Treasurer. C l a r e n c e E . R i c e , Clerk o f the Corporation. Board of Trustees: A l b e r t C u l v e r , A . W . D o n o v a n , W . M . H u r l e y , E d w in M u l r e a d y , A . A . P h e l p s , J. A . R a d c l if f e , C . E . R i c e , J. S. S m it h , J. J. S p e n c e , J. W . S p e n c e , J. F . T h o m p s o n , H . S. T o r r e y , J. A . T o r r e y , C . E . V in a l . Board of Investment: J. A . T o r r e y , A . A . P h e l p s , J. J. S p e n c e , A l b e r t C u l v e r . * Auditing Committee: E d w in M u l r e a d y , J. S. S m it h . Deposits draw interest from first Tuesday of January, April, July and October; dividends are payable the Wednesday after the first Tuesday of January and July. Business hours: 9 a .m . to 4 p .m .; Saturdays, 9 a .m . to 12 m .; also Fridays, 7 to 8 p . m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . Railroad bonds and notes . . . . . . . Street railway bonds . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . Stocks of banks and trust companies . . . . . Securities acquired in settlement of indebtedness 733 loans on real estate {average o f each, $1,980.21) . 43 loans on personal security . . . . . . Bank building and fixtures {estimated value, $75,000; assessed value, $63,125) Furniture and fixtures . . . . . . . . Real estate by foreclosure, etc. {assessed value, $44,950) W ar savings stamps and thrift stamps . . . . . Deposits in national banks or trust companies . Cash and cash items . . . . . . . . $301,703 531,476 126,083 34,293 4,100 10,515 1,451,496 151,278 55,000 2,799 40,826 00 00 00 75 00 00 00 00 00 42 08 10 0 00 21,265 37 2,806 0 0 , . $2,733,741 62 Total Assets Liabilities. Due depositors on 7,238 accounts, averaging $344.31 each . . . . . $2,492,172 61 {Accounts opened during year, 886; closed, 705; increase, 181) Surplus: — a. Guaranty fund {4.90% of deposits; increase during year, $3,718.94 ) . b. Profit and loss {increase during year, 84,406.09) . . . . . . Current income: — Interest . . . . . . . . . . $37,206 33 Less current expenses not charged off . . . . 2,686 21 https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis 122,254 12 84,794 77 34,520 12 Total Liabilities . * One vacancy. . . . . $2,733,741 62 No. 8.] BANK COMMISSIONER. 293 Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Am ount paid for $3 ,3 1 6 .3 6 $4 ,4 5 9 .0 0 $1,0 0 0 .0 0 Cost per $1,000 of assets 1 .2 1 1 .6 3 .36 Cost per $1,000 of assets not including State tax and rent . Advertising. $1 3 1 .4 5 .0 5 Other Expenses. Total. $ 1 ,940.44 .71 $10,847 .25 3 .9 6 2 .3 9 Gross income received during the year, $125,466.87. Rates on Investments and Loans (Average on All, 5.15%). Real estate loans (average rate, 5.63 per cent.): 5% , $256,050; 5J^%, $539,591; 6 % , $655,855. Personal loans (average rate, 6.06 per cent.): 5% , $735; 6 % , $130,543; 6 J^%, $20,000. Bonds, stocks, etc. (average rate on amounts invested, 4.13 per cent.): 3J^%, $101,000; 4% , $464,000; 4 % % , $155,998; 4 )^ % , $144,000; 5% , $159,000; 6 % , $1,200; 10% , $2,500; 12%, $400. Number of loans not over $3,000 each, 610, amounting to $680,309. 18 real estate loans made during year, amounting to $27,675. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Jan., 1918, 2J^% July, 1918, 2% Number of deposits during year, 8,676, amounting to $56,729 71 46,526 20 421,150 22 $524,406 13 392,797 18 Number of withdrawals during year, 5,634, amounting to N et increase in amount due depositors . . . . $131,608 95 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. $154,498 United States 4)^s 4,000 Medford 4s 6,000 Newton 4s 1,000 Pittsfield 3J^s 5,000 Portland, Ore., 4s 10,000 Portland, Ore., 4p£s 15,000 Quincy 4s 25,000 San Francisco, Cal., 5s 15,000 Seattle, Wash., 5s 8,000 Taunton 4s 3,000 Abington 4s 1,500 Hanover 4Ms 4,000 Rockland 4s Railroad Bonds. $20,000 Atch., Top. & Santa F6 4s 30,000 Baltimore & Ohio 4p£s 10,000 Bangor & Aroostook 5s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $10,000 Boston & Albany 3J^s 27,000 Boston & Maine 4s 10,000 C., B. & Q. 4s 10,000 Chic., Mil. & St. Paul 4s 26,000.Chic., Mil. & St. Paul 4J^s 15,000 Chic., Mil. & St. Paul 5s 15,000 Chicago & Northwestern 4s 5,000 Dexter & Piscataquis 4s 20,000 Fitchburg 4s 10,000 Fitchburg 5s 60,000 Illinois Central 3Ms 10 ,000 Lake Shore & Mich. So. 4s 5,000 Louisville & Nashville 4s 40,000 Maine Central 4p£s 10,000 Minn., St. P. & S. St. M. 5s 60.000 N. Y. C. & H. R. 4s 25.000 N. Y., N. H. & H. 3J^s 16,000 N. Y., N. H. & H. 4s 20,000 No. Maine Seaport 5s 4,000 Old Colony 4s 51,000 Pitts., Lake Erie & W. Va. 4s 10,000 Portland Terminal Co. 4s 1 • Par Value. $14,000 Somerset Ry. 4s 2,000 Upper Coos 4s 5,000 Washington Co. 3Hs 5,000 Wore., Nash. & R. 4s Street Railway Bonds. $15,000 Boston Elevated 4s 28,000 Boston Elevated 4Hs 20,000 Boston Elevated 5s 10,000 Boston & Northern 4s 4,000 Brockton 5s 10,000 West End 4s 10,000 West End 4p£s 30,000 West End 5s Bank Stocks. Shs. 12 Abington Nl. Bk. 4 Merchants Nl. Bk., Boston 25 Rockland Trust Co. 294 REPO RT OF THE [Pub. Doc. SALEM SAVINGS BANK, SALEM. 125 W ASHINGTON STREET. Incorporated January 29, 1818. Number of corporators, 100; number of trustees, 20. C h a r l e s S. R e a , President. J a m e s Y o u n g , Jr., Treasurer. R o l a n d A . S t a n l e y , Clerk o f the Corporation. Board of Trustees: G . H . A l l e n , H . P. B e n s o n , W . D . C h a p p l e , W . A . C h is h o l m , G . R . F e l t , H . O. F u l l e r , G . W . G r a n t , H e r b e r t H u m p h r e y , G . R . J e w e t t , C h r is t ia n L a n t z , G . R . L o r d , J. J. M a c k , R . M . M a h o n e y , G . A . M o r r il l , W . E . N o r t h e y , R o b e r t O sg o o d , J o h n P ic k e r in g , C . S. R e a , G . A . V i c k e r y , R ic h a r d W h e a t l a n d . Board of Investment: C . S. R e a , G . H . A l l e n , G . R . J e w e t t , R o b e r t O sg o o d , W . A . C h is h o l m , G. W . G rant. Auditing Committee: W . A . C h is h o l m , G . R . F e l t , G . A . M o r r il l . Deposits draw interest from third Wednesday of January, April, July and October; dividends are pay able after the third Wednesday of April and October. Business hours: 8.45 a .m . to 1.15 p .m .; also Saturdays, 7 to 9 p .m . STATEM ENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . Railroad bonds and notes . . . . . Street railway bonds . . . . . . Boston Terminal Co. bonds . . . . . American Tel. & Tel. Co. bonds . . . . Stocks of banks and trust companies . . . Securities acquired in settlement of indebtedness . 1,143 loans on real estate (average o f each, $4,573.77 ) Less amount due on uncompleted loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,232,578 95 4,758 00 23 loans on personal security . . . . . . Bank building and fixtures (estimated value, $100,000; assessed value, Real estate by foreclosure, etc. (assessed value, $61,300) . W ar savings stamps and thrift stamps . . . . . Deposits in national banks or trust companies Cash and cash items . . . . . . . . $1,947,871 2,598,685 755,280 127,412 217,325 179,465 22,244 28 75 00 50 00 00 78 5,227,820 607,400 60,000 55,154 350 100,227 6,579 95 00 00 99 00 21 67 Total A s s e t s .......................................... $11,905,817 13 Liabilities. Due depositors on 21,76.0 accounts, averaging $496.84 e a c h ...............................................$10,811,345 49 (Accounts opened during year, 1,918; closed, 2,172; decrease, 25If) Surplus: — a. Guaranty fund (5.18% o f deposits; increase during year, none) h. Profit and loss (increase during year, $26,951.60) . . . Current income: ■ — a. Interest . . . . . . . $15,920 8 8 b. R e n t ...................................................................... 106 15 ------------------------Less current expenses not charged off . . . . Unearned discount . . . . . . . . . Deposits or installments received on sales of Liberty Loan Bonds / https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . . . 560,300 00 463,170 92 $16,027 03 1,853 08 . . . . . . . 14,173 95 758 33 56,068 44 . $11,905,817 13 . . . . 295 BANK COMMISSIONER. No. Total Expenses for the Year, including State Taxes. State Tax (Net). Salaries. Rent. Advertising. Am ount paid for $20,7 8 0 .2 4 $22,779 .41 $2 ,5 0 0 .0 0 Cost per $1,000 of assets 1 .7 4 1 .9 1 .21 Cost per $1,000 of assets not including State tax and rent $ 6 9 7 .9 5 .0 6 Other Expenses. $ 6 ,2 4 1 .6 5 .5 2 Total. $ 5 2,999 .25 4 .4 4 2 .4 9 Gross income received during the year, $564,152.64. Rates on Investments and Loans (Average on All, 4.93%). Real estate loans (average rate, 5.32 per cent.): 4J^% , $105,000; 4 M % , $311,000; 5% , $1,446,853.95; 5 V2% , $3,093,857; 6 % , $271,110. Personal loans (average rate, 6 per cent.): 6 % , $607,400. Bonds, stocks, etc. (average rate on amounts invested, 4.47 per cent.): 3% , $159,000; 3 2/ j (>%. $7,700; 3 )^ % , $1,053,750; 4% , $1,693,500; 4 K % , $677,500; 4 ^ % , $1,350,500; 5% , $690,200; oV2%, $2,500; 6 % , $139,000; 7% , $7,500; 9% , $8,000; 10%, $17,500; 12% , $58,300; 20% , $15,600. Number of loans not over $3,000 each, 711, amounting to $1,332,332.82. 32 real estate loans made during year, amounting to $221,650. Dividends, Deposits and- Withdrawals. Ordinary dividends declared during year: April, 1918, 2 )4 % Oct., 1918, 2 M % Number of deposits during year, 16,520, amounting to $236,719 89 235,840 73 1,167,683 47 • i . Number of withdrawals during year, 16,416, amounting to N et decrease in amount due depositors . . . . $1,640,244 09 1,819,078 23 $178,834 14 . SCHEDULE OF SECURITIES OWNED. P u b lic F u n d s , B o n d s . Par Value. $111,000 U. S. Certs, of Indebt. 4)4s 1,250 United States 3J4s 577,500 United States 4)4s 250.000 Massachusetts 3)4s 27.000 Massachusetts 4s 14.000 Akron, 0 ., 5s 175.000 Boston 4s 75.000 Boston 4Ms 20.000 Fall River 3V2s 1,500 Gloucester 3)4s 25.000 Lynn 4h£s 50.000 Minneapolis, Minn., 4s 25.000 New Bedford 5s 74.500 North Adams 4s 20.000 Oakland, Cal., 4J4s 133.000 Omaha, Neb., 4)4s 74.000 Portland, Ore., 6s 10.000 Quincy 3)4s 82.000 Salem 4s 43.500 Salem 4)4s 60.000 Seattle, Wash., 4)4s 50.000 Spokane, Wash., 4)4s 10.000 Waterbury, Conn., 4s 10.000 Belmont 4s 6.000 Swampscott 4)4s 6.000 Ware 3)4s Public Funds, Notes. $6,000 Lawrence 4s 5,000 Middleborough 4s 7,700 North Adams 3%os https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Railroad Bonds. Par Value. $103,000 Baltimore & Ohio 4)4s 25.000 Boston & Albany 3)4s 113.000 Boston & Albany 5s 15.000 Boston & Lowell 4s 84.000 Boston & Maine 3s 80.000 Boston & Maine 4s 150.000 Boston & Maine 4)4s 100.000 C., B. & Q. 3V2s 100.000 Chic., Mil. & St. Paul 4)4s 100.000 Chic., Mil. & St. Paul 5s 50.000 Chic. & Northw. 3)4s 100.000 Cleve. & Pittsburgh 3J4s 10.000 Cleve. & Pittsburgh 4)4s 100.000 Concord & Montreal 4s 10.000 Connecticut River 3)^s 50.000 Conn. & Passumpsic R. 4s 5.000 Fitchburg 4s 75.000 Fitchburg 4Hs 50.000 Fitchburg 5s 31.000 Fre., Elk. & Mo. Val. 6s 25.000 Housatonic 5s 75.000 Illinois Central 3s 100.000 Illinois Central 3)^8 16.000 Illinois Central 4s 50.000 Lake Shore & M. S. 3}4s 175.000 Maine Central 4)4s 10.000 Maine Shore Line 6s 8.000 Michigan Central 4s 60.000 Mil., Lake Shore & W . 5s 15.000 Mil., Lake Shore & W . 6s 100.000 Minnesota & Iowa 3Hs 50.000 Minn., St. P. & Ste. S. M. 4s 25.000 Minn., St. P. & S. Ste. M. 5s 25.000 N. Y. C. & H. R. 3 ^ s Par Value. $50,000 N. Y. C. & H. R. 4s 9.000 N. Y., Lack. & West. 6s 25.000 New York & New Eng. 4s 25.000 N. Y., N. H. & H. 3V2a 200.000 N. Y., N. H. & H. 4s 50.000 Old Colony 4s 41.000 Pennsylvania 4)-£s 50.000 Princeton & N. W . 3)^8 25.000 Providence & Wore. 4s 50.000 St. J. & Lake Champ. 5s 10.000 Sullivan County 4s 18.000 Wore., Nash. & Roch. 4s S tre e t R a ilw a y B o n d s . $100,000 Boston Elevated 4s 200.000 Boston Elevated 4)^s 50.000 Boston & Northern 4s 29.000 Lynn & Boston 5s 1.000 Marlboro’ & Westboro’ 5s 50.000 Old Colony 4s 100.000 West End 4s 63.000 West End 4)^s 160.000 West End 5s 15.000 Worcester & Holden 5s B a n k S to c k s. Shs. 30 Beverly Nl. Bk. 25 Boylston Nl. Bk., Boston 233 First Nl. Bk., Boston 583 Merchants Nl. Bk., Boston 175 Nl. Shawmut Bk., Boston So Nl. Union Bk., Boston 223 Second Nl. Bk., Boston 45 Nl. Grand Bk., Marblehead [Pub. Doc. REPORT OF THE 296 SALEM FIVE CENTS SAVINGS BANK, SALEM. 210 ESSEX STREET. Incorporated March 9, 1855. Number of corporators, 142; number of trustees, 30. H e n r y A. H a l e , President. W il l ia m P . H u b o n , Clerk c f the Corporation. H a r r y P. G if f o r d , Treasurer. O r l a n d o S. L e ig h t o n , Assistant Treasurer. Board of Trustees: R . D . A d / m s , W . K . B ig e l o w , H . M . B i x b y , F. A . B r o w n , H . M . B a t c h e l d e r , S. H . B a t c h e l d e r , W . F. C a s s , W . O. C h a p m a n , W . R. C o l b y , L. H . C o l e , J. F . D a l t o n , C . H . D a n f o r t h , C . P . F a u n c e , W . S. F e l t o n , H . P . G if f o r d , H . A . H a l e , G. M . H a r r is , W . C . H a r r is , U. G. H a s k e l l , W . L. H y d e , W . M . J e l l y , E. W . L o n g l e y , W . S. N e a l , A . H . P iiip p e n , C . E . P h ip p e n , J. C. R o b so n , M a t t h e w R o b so n , W . H . R o p e s , N . G. S im o n d s , J. F. S m it h . Board of Investment: H . M . B a t c h e l d e r , F. A. B r o w n , W . R . C o l b y , H . A. H a l e , M a t t h e w R o b so n . Auditing Committee: W . C . H a r r is , A . H . P h ip p e n , W . S. F e l t o n . Deposits draw interest from first day of February, M ay, August and November; dividends are pay able February 1 and August 1. Business hours: 8.45 a .m . to 1.15 p .m .; also Saturdays, from 7 to 9 p .m ., for deposits only. x STATEMENT OF CONDITION, OCTOBER 31, 1918. Assets. Public funds, bonds and notes . . . . . . . Railroad bonds and notes . . . . . . . . Street railway bonds . . . . . . . . . American Tel. & Tel. Co. bonds . . . . . . . Stocks of banks and trust companies . . . . . . 1 ,3 4 9 loans on real estate (average of each, $4<516.80) . . . 42 loans on personal security . . . . . . . Bank building and fixtures ( estimated value, $200,000; assessed value, Real estate by foreclosure, etc. (assessed value, $44,000 ) . . . W ar savings stamps and thrift stamps . . . Deposits in national banks or trust companies . . . . Cash and cash items . . . . . . . . . $2,732,605 2,182,521 341,755 132,875 174,525 6,093,170 655,773 150,000 52,691 352 82,765 26,228 . . . . . . . $193,700) Total Assets . . . 00 50 00 00 00 00 85 00 37 50 95 71 . $12,625,263 88 Liabilities. $11,369,676 42 Due depositors on 30,122 accounts, averaging $377.45 each (Accounts opened during year, 3,931; closed, 4,046; decrease, 116) Surplus: — a. Guaranty fund (4-96% of deposits; increase during year, $550) b. Profit and loss (increase during year, $54,431 -47) . Current income: — • Interest . . . . . . . . . . Less current expenses not charged off . . $9,818 33 Less State or local taxes not charged off . . 5,746 32 Deposits or installments received on sales of Liberty Loan Bonds https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Total Liabilities . 563,800 00 539,321 83 $126,795 89 15,564 65 111,231 24 41,234 39 . $12,625,263 88 y / 297 BANK COMMISSIONER. No. 8.] Total Expenses for the Year, including State Taxes. Rent. State Tax (Net). Salaries. Amount paid for $13,587.61 $26,623 .10 C ost per $1,000 of assets 1 .0 8 2 .1 1 Cost per $1,000 of assets not including State tax and rent Advertising. Other Expenses. Total. $1,385.41 $6,280.79 $47,876.91 .01 .50 3 .7 0 ............................................... 2 .6 2 Gross income received during the year, $587,165.24. Rates on Investments and Loans (Average on All, 4.98%). Real estate loans (average rate, 5.22 per cent.): 4% , $9,000; 4J^%, $128,300; 5% , $3,316,920; 5 M % , $4,200; 5 y2%, $2,413,250; 6 % , $221,500. Personal loans (average rate, 5.94 per cent.): 5% , $113,500; 5J4%> $172,458; 6 % , $74,757.50; 6 )^ % , $270,058.35; 7% , $25,000. . Bonds, stocks, etc. (average rate on amounts invested, 4.60 per cent.): 3% , $45,000; 3 )4 % , $76,400; 4% , $2,180,260; 4 )4 % , $716,300; 4 )4 % , $1,348,750; 5% , $888,500; 5 )4 % , $6,000; 5 )4 % , $73,800; 6 % . $157,000; 8 % , $4,000; 9% , $18,000; 10% , $52,500; 20% , $42,500. Number of loans not over $3,000 each, 758, amounting to $1,279,295. 43 real estate loans made during year, amounting to $146,850. Dividends, Deposits and Withdrawals. Ordinary dividends declared during year: Feb., 1918, 2 )4 % . . . . . $239,629 49 Aug., 1918, 2 ) 4 % .............................................. 241,101 17 Number of deposits during year, 36,810, amounting to . . . . . 2,059,855 92 Number of withdrawals during year, 29,007, amounting to . . . N et increase in amount due depositors . $2,540,586 58 2,331,656 79 $208,929 79 SCHEDULE OF SECURITIES OWNED. Public Funds, Bonds. Par Value. $100,000 U. S. Certs, of Indebt. 4J4s 76,400 United States 3)4s 659,300 United States 4)4s 179.000 Massachusetts 4s 25.000 Massachusetts 4)4s 180.000 Boston 4s 57.000 Boston 4)4s 25.000 Bristol, Conn., 4)4s 71.000 Brockton 4s 38.000 Cambridge 4s 7,750 Cambridge 4)4s 25.000 Canton, 0., 5s 33,800 Canton, 0., 5)4s 80.000 Cleveland, 0., 4)4s 12.000 Dayton, 0., 5s 10.000 Decatur, 111., 5s 14.000 Fall River 4s 50.000 Fitchburg 4s 25.000 Hamilton, O., 5s 20.000 Lawrence 4s 75.000 Los Angeles, Cal., 4)4s 7,560 Lowell 4s 25.000 Medford 4s 115.000 New Bedford 4s 20.000 Oakland, Cal., 5)4s 10.000 Omaha, Neb., 5)4s 10.000 Oshkosh, Wis., 4)4s 93.000 Portland, Ore., 5s 280,500 Salem 4s 25.000 Seattle, Wash., 5s 15.000 Spokane, Wash., 4)4s 151.000 Springfield 4s 25.000 Stamford, Conn., 5s 25.000 Syracuse, N. Y., 4)4s 10.000 Utica, N. Y„ 4)4s 8,500 Yonkers, N. Y., 5s 25.000 Youngstown, 0., 4)4s 6,000 Abington 4s 25.000 Amesbury 4s 7,200 Bedford 4s https://fraser.stlouisfed.org Federal Reserve Bank of St. Louis Par Value. $8,000 Belmont 4)4s 6,500 Great Barrington 4s 11.000 Hardwick 4s 11,500 Littleton 4s 40.000 Warwick, R. I., 4)4s 9,000 Shelburne Falls (F. D.) 4s R a ilro a d B on d s. Par Value. $55,000 Montana Central 5s 150.000 N. Y. C. & H. R. 4s 10.00