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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
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Federal Reserve Bank of St. Louis
32 D E R N E STR EET
1919
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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
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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.
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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
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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.
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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
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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.
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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.
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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: —
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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
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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
*
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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.
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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.
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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
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193
195
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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
@FedFRASER