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s fa ^ u it
P U B L IC

/

'fl-n H ,

DOCUM ENT.

7 i.

If/i i j i l

N o. 8

tJ fc'
ANNUAL REPORT

B o a r d of C om m issioners
OF

S A V IN G S

BANKS.

1886.

5
BO STON:
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,


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Federal Reserve Bank of St. Louis

18 Post Office Square.
1887.


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Federal Reserve Bank of St. Louis

331,1
It ilo

Comiuontecaltb af IPassaffjttgftts

O f f ic e

C o m m iss io n e r s of S a y in g s B a n k s ,
C o m m o n w e a l t h B u i l d i n g , B o sto n , Jan. 14, 1887.

of t h e

To the Honorable Senate and House o f Representatives.
The Commissioners of Savings Banks

have the honor io

present, for the consideration o f the Legislature, their eleventh
annual report.
The number o f savings banks and institutions for savings
now doing business in the Commonwealth is 172, — an increase
o f one for the year.

N

ew

S a v in g s B a n k .

The Shawme Savings Bank of Sandwich, which was chartered
by the last Legislature, was organized and opened for business
in July, but so far with slight prospects o f success.
The failure o f the Sandwich Savings Bank, which occurred
in 1877, has evidently so unfavorably affected the confidence o f
the community in which it was located that the growth o f the
new bank will be very slow.

B anks

in

the

H

ands

of

R

e c e iv e r s .

The receivers o f the Lancaster Savings Bank presented their
final account to the Supreme Judicial Court Dec. 29, 1885.
The complications growing out o f the fraudulent acts o f the
president o f the Lancaster National Bank, who was also one o f
the receivers o f the Lancaster Savings Bank, have delayed the


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Federal Reserve Bank of St. Louis

B A N K C O M M IS S IO N E R S ’ R E P O R T .

IV

allowance o f the final dividend.

[Jan.

Until the courts have adjudi­

cated the questions at issue relative to the deposit by the
receivers of the Savings Bank in the National Bank, it will not
be possible to pay the final dividend.
The receivers o f the Reading Savings Bank are still unable
to present their final account to the Supreme Judicial Court, by
reason o f delay in the decision o f the suits to recover securities
in the possession of other parties.

F

r a m in g h a m

S a v in g s B a n k .

The injunction placed upon this institution by the Supreme
Judicial Court, Sept. 2 8 , 18 8 5 , still continues, under modifica­
tions made O ct. 27, 1885, Sept. 14, 1886, and N ov. 5 , 1886.
The annexed statement
the bank,

differing

shows

materially

the present condition

in its

aggregates

of

from the

statement o f one year ago, but in its general result verifying
the estimates then made.

It should be borne in mind that the

statement in our last annual report, owing to the confused
state of the accounts o f the bank, was, in a great measure,
made from data not fully verified.
This statement substantially agrees with that of the expert
under date of July 1, 1886, the variations arising from pay­
ment o f loans, interest, etc., and the usual changes and trans­
fers in business transactions.
assets results from

The discrepancy in the total of

“ interest accrued,” the larger part of

which is omitted from this statement.


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

v

D O C U M E N T — N o. 8.

Condition o f the Framingham Savings B ank, South Framingham , at
the Close o f Business Nov. 3 0 , 1 886.
Sta te m e n t.

A ssets.

INABILITIES.

$1,830,772 74
Deposits (verified),
Deposits (contingent), .
82,346 88

Public funds,
Bank stock, . . . .
Loans on bank stock, .
Railroad bonds, .
Action pending against es­
tate of C. S. Adams,
Real estate, .
.
Real estate by foreclosure, .
Loans on real estate (actual),
Loans on real estate (con­
tingent), .
.
.
.
Loans on personal security
(actual), . . . .
Lgians on personal security
(contingent),
Deposits in banks on inter­
est........................................
Deposit in trust company
on interest,
.
.
Loans to depositors on bank
books,
. . . .
Premium on stocks and
bonds,
. . . .
Interest accrued to Dec. 1,
1886, .................................
Check overdue, .
Interest overdue, .
Overdrafts, . . . .
Safes and furniture,
Due from C. C. Es.ty, .

$1,913,119 62

50.000
*24,000
87,838
646,079

00
00
63
20

16,900 00
157,808 30
4,862 66
37,765 91
25.000 00
118,237 38
80.000 00
16,412
894
33,236
1,500
1,200
100,004

50
00
45
00
00
77

$1,913,119 62
1,872,439 80

Showing an apparent deficit of
n a l y s is

00
00
00
00

$1,872,439 80

The total liabilities as shown by the books is,
“
assets as shown by the books is, .

A

$216,500
171,600
12,600
70.000

of

$40,679 82
Statem ent.

The liabilities are subject to a reduction.

The

item of

“ contingent, $ 8 2 ,3 4 6 .8 8 ,” is not yet verified, and is repre­
sented by accounts on the depositors’ ledgers, for which no
books have been presented ; and in view of the careless man­
ner in which the accounts o f the bank were kept, the entries
are not deemed sufficient to establish them as an unquestionable
liability.

It is thought best, however, in order to show the


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Federal Reserve Bank of St. Louis

* Since sold for this amount.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

VL

[Jan.

true condition of the accounts and the hank’s greatest possible
liability, to enter th e m ; hence they appear as contingent
liabilities and are included in the total.
The principal contingencies in the assets o f the bank lie in
the real estate foreclosed, loans to C. C. E sty and overdue
interest.
The loans on real estate mortgages and personal security
have been carefully examined, and are considered good for
their face v alu e; time may develop

further loss, but it is

thought it cannot possibly exceed six per cent, thereof.
The foreclosed real estate is entered at the cost price to the
bank, and its value can only be determined by its sale, and if
treated judiciously in the disposition the loss will not be very
large.
The loans to C . C. E sty consist o f so-called “ regular” and
“ irregular” loans.
are called good.

The regular loans, amounting to $ 1 6 ,0 0 0 ,

The irregular loans, which are the primary

cause o f the bank’s troubles, are subject to considerable reduc­
tion ; the securities for these loans have, however, a prospective
value, which

it

would

,seem best

to

foster and wait for.

They are in the hands o f trustees, being developed for the
best interest o f all parties concerned.
The amount o f overdue interest, $ 3 3 ,2 3 6 .4 5 , is considered
fairly good.

This is less than one-third of the amount returned

by the expert’s statement of July 1, 1886, and is looked upon
as collectable, though it may require some little time and
urging.

The loss on this item may be twenty-five per cent.

The remaining assets are of an excellent character.

Nearly

one-half of the entire assets o f the bank can be turned into cash
without delay.
This bank declared and paid five per cent, dividends up to
M ay, 1 8 8 5 ,— one per cent, in addition to that paid by the
majority o f the savings banks since 1876.
A n examination o f the yearly business o f the bank shows
clearly that there was an over-declaration of dividends, and it
is proper in considering its condition and its duty to its depos­
itors to

note that no great injustice is done

to

them by

requiring them to wait for further credit o f dividends until it
has earned the amount already credited.
modify the injunction so as


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Federal Reserve Bank of St. Louis

It is proposed to

to allow the bank to transact

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o . 8.

Vll

business, except receiving and paying deposits and declaring
dividends, and allow the earnings to accumulate

sufficiently

to meet the deficit and any possible losses that may occur, and
to resume business as soon as possible.
The delay in arranging the accounts and settling the affairs
o f this bank was principally unavoidable and necessitated by
the confused condition of its affairs.
The slow process o f finding the basis upon which to build
is now at an end, and rapid improvement should henceforth
be made.
The bank was reorganized in July last,

and

its present

management is composed of men of excellent repute and finan­
cial ability,

who are fully identified with the interests

of

Framingham and its vicinity.
A

n a l y s is

of

the

F

in a n c ia l

Statem ent.

The amount o f deposits in the savings banks doing busi­
ness Oct.

30,

1886,

was $ 2 9 1 ,1 9 7 ,9 0 0 .9 6 ,

an

increase

of

$ 1 6 ,1 9 9 ,4 8 8 .0 3 from the same date last year.
The surplus was $ 5 ,3 9 1 ,0 9 3 .2 4 , being

$ 1 8 0 ,5 7 0 .0 7 more

than at same date last year.
The guaranty fund was $ 7 ,5 3 7 ,2 5 5 ,

an

increase for the

year o f $ 9 3 2 ,7 9 0 .5 8 .
The number of open accounts was 9 0 6 ,0 3 9 , or 5 7 ,2 5 2 more
than last y e a r ; making the average o f the accounts $ 3 2 1 .4 0 .
The amount of deposits (including dividends) during the
year was $ 6 6 ,8 0 4 ,7 2 8 .8 2 , an increase o f $ 6 ,5 5 6 ,5 4 8 .7 7 ; and
the number of deposits (1 ,0 1 1 ,5 5 1 ) increased 115 ,4 7 3 from
the previous year.
The average o f deposits was $ 6 6 .0 4 , a decrease o f $1.20
from the previous year, when it was $6 7 .2 4 .
The amount o f withdrawals was $ 5 0 ,8 9 7 ,7 1 5 .5 4 , an increase
of $ 2 ,7 2 5 ,5 4 3 .4 5 from the previous year.
The number o f withdrawals was 5 4 2 ,1 8 5 ; being 7,303 more
than that o f the previous year.

The average o f the with­

drawals was $ 9 3 .8 8 , an increase o f $3.82 from the previous
year, when it was $ 9 0 .0 6 .
Investments in United States bonds have decreased $ 3 ,2 7 3 ,0 1 8 .0 8 .

State and municipal bonds have increased $ 3 ,6 3 1 ,-

7 7 6 .7 8 .


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Federal Reserve Bank of St. Louis

viii

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Loans on public funds have decreased $336.
Investments

in bank stock have

increased

$ 5 4 8 ,3 9 0 .5 2 .

Loans on bank stock have increased $ 1 5 ,5 9 8 .9 0 .
Investments in railroad bonds have increased $ 1 ,0 9 7 ,1 7 3 .4 3 .
Loans on mortgages o f real estate are $ 1 1 2 ,2 0 8 ,8 7 8 .5 9 ,
being an increase from previous year o f $ 7 ,0 0 2 ,7 0 3 .0 7 ; and
the amount of real estate held by foreclosure is $ 2 ,8 9 5 ,1 0 8 .9 1 ,
being $ 6 2 8 ,1 4 0 .4 0 less than at same date last year.
Loans on personal security have increased $ 9 ,0 1 8 ,1 4 6 .2 5 .
The deposits in banks bearing interest are $ 1 1 ,5 1 3 ,8 4 0 .8 7 , a
decrease of $ 1 ,1 8 5 ,7 1 6 .7 1 from previous year.
The percentage o f assets in the various classes o f invest­
ments is fourteen and thirty-seven one hundredths per cent, in
public funds, and loans on public funds ; nine and twenty-four
one hundredths per cent, in bank stock, and loans on same ;
five and sixty-seven one hundredths per cent, in railroad bonds
and loans on sam e; thirty-six and eighty-six one hundredths
percent, in loans on mortgages o f real estate ; one and seventyfour one hundredths per cent, invested in real estate, includ­
ing foreclosures; twenty-three and forty-six one hundredths
per cent, in loans on personal security; two and ninety-seven
one hundredths per cent, in loans to counties, cities or towns ;
ninety-six one hundredths per cent, in railroad n o te s; three
and

deposits

in

banks on interest; ninety-five one hundredths per cent,

seventy-eight one hundredths per cent, in

in

cash on hand, and sundry items.
The earnings o f the banks were $ 1 4 ,0 2 8 ,8 2 2 .2 7 , an increase
from the previous year o f $ 1 5 9 ,3 5 5 .9 7 .
D

iv id e n d s .

The amount of dividends was $ 1 0 ,5 0 4 ,8 6 1 .6 9 , an increase of
$ 2 2 0 ,2 0 0 .5 9 .
Four banks paid the highest rate o f dividends allowed,— five
per cent. ; twenty-six banks paid dividends between four and
five per cent. ; one hundred and twenty-eight banks paid four
per cent, dividends ; one bank paid three and three-quarters
per cent, dividends;

six banks paid three and one-half per

cent, dividends; three banks paid three per cent, dividends.
The Framingham Savings Bank, which is temporarily enjoined
by the Supreme Judicial C o u rt; the Granite Savings Bank of


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Federal Reserve Bank of St. Louis

P U B L IC

1 8 8 7 .]

IX

D O C U M E N T — N o . 8.

Rockport, which commenced business in 1885 ; the Belmont
Savings Bank o f B elm on t; and the Shawme Savings Bank of
Sandwich, which commenced business during the year, — have
paid no dividends.
The average rate of ordinary dividends was four and six
one-hundredths per cent., or eight one-hundredths per cent,
less than the previous year.
C o n d it io n

of

t iie

S a y in g s B a n k s .

There has been a larger increase in the deposits than for any
year since 1875.

The increase in the number o f depositors is

also greater than for any year since 1872.
The investment o f the increase of deposits appears to have
been mainly in mortgages o f real estate and loans on personal
security.
The total assets o f the savings banks is now $ 3 0 4 ,4 0 3 ,0 7 7 .9 1 .
This large sum of money is an important factor in the finan­
cial interests o f this State, and enters largely into the con­
sideration of monetary circles.

One result arising from such

accumulations, centrally placed and constantly increasing, is
the facility it affords to obtain capital for enterprises which,
from their magnitude, bear a vital relation to the general wel­
fare o f the community, such as the bonds of railroads, loans to
cities and towns for important improvements and national bank
stock.

Investments of this character, and in fact nearly all

others within the authority o f the law, are of twofold advantage.
First.

The money is more generally invested at home, and

supplies to a great extent employment to our own citizens, thus
affording opportunities for further savings by those for whom
these institutions were established.
Second.

It is of very great advantage to the borrower, be­

cause it is capital not easily disturbed by financial fluctuations
or individual demands, partaking o f a permanent character, and
therefore of great value and much sought for.

A d d to this the

great benefit o f having so large a portion o f this money in­
vested in mortgages o f real estate in our own communities, and
the important relation of these banks, not only to the financial
interests but to the community generally, is observed and be­
comes of such importance as to require the most careful con­
sideration and fostering care.


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Federal Reserve Bank of St. Louis

X

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

The time has passed when it was necessary to offer induce­
ments to our citizens to take advantage o f these institutions,
and it now is incumbent upon the managers to see that their
policy is so shaped and their deposits so controlled as to assure
the best results to the class of people for whom they were
designed.

The rate o f interest generally paid, free from muni­

cipal taxation and subject to call, makes these deposits a most
desirable investment, and o f course a strong attraction to those
for whom savings banks were not especially designed.

It is

therefore a serious question whether it is best to provide for
this increase by enlarging the line o f investments and admit
securities which, though offering a good rate o f interest, might
in a measure diminish the strength o f their assets, or to restrain
the deposits, and retain the limit of investments now estab­
lished, which will afford greater safety to depositors, though at
a lower rate o f interest.
W e are strongly inclined to the latter course, and believe
that savings banks should avail themselves o f their privilege to
decline large deposits, especially o f those persons who are not
properly beneficiaries o f these banks.
L

oans

on

P e r s o n a l S e c u r it y .

In periods of business activity the loans on personal security
exhibit a tendency to a rapid increase.

For three years pre­

vious to 1886 the increase was very sm a ll; in fact, in the year
1885 there was a small decrease in the amount o f these loans.
The purpose o f the law in relation to investments in personal
loans is evidently to exhaust all other methods of investments
authorized by the statutes, and resort to such loans only as a
means of utilizing long standing, idle funds.

The framers of

the law no doubt considered that the various classes o f invest­
ments would all bear a nearly uniform rate o f interest, but
experience

has

shown

that forms

of indebtedness o f the

nature of city, town and railroad bonds and mortgage notes,
having a long time to run and well secured, command a lower
rate o f interest than that class o f investments whose strength
lies only in individual security;
to

hence

depart in a measure from the

a strong temptation

spirit and intent of the

law and take advantage of higher rates o f interest on personal
loans.


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

xi

W ith higher rates of interest of course come greater risks
and a tendency to business ventures, and it is a question o f no
little moment whether savings banks, which have been so care­
fully guarded by the Legislature, and the greatest effort made
to limit investments to those classes which, upon the face, carry
the greatest safety, should be allowed to invest in personal
loans to the extent of taking commercial risks.
That class o f

personal obligations circulating in business

circles, and relying on successful business for their strength,
should be limited to discount banks, and it would seem from
the careful wording of the statute that such was the intention
o f the makers o f the law, as also to eliminate from the savings
banks everything o f a business or commercial character.
Certain it is that investments of these institutions should
never be o f such a character as to cause the least anxiety in
the community in event of failures in business circles.

We

are decidedly of the opinion that business paper, or trade notes
as commonly known in monetary circles, even though secured
with three names, cannot be considered a proper investment for
savings banks.
L

oan

and

T

ru st

There are now nine of these

C o m p a n ie s .

corporations, including the

Massachusetts Hospital Life Insurance Company, doing busi­
ness

in

the

Commonwealth,

$ 5 2 ,3 4 9 ,9 8 6 .9 7 .

having

assets

amounting

to

These companies appear to have been doing

a satisfactory business during the past year.
The Springfield Safe Deposit and Trust Company, which was
incorporated by the Legislature o f 1885, has commenced busi­
ness during the year.
The liberal privileges ivhich some o f them enjoy for con­
ducting a general banking business enables them in periods
o f prosperity to accumulate large reserves, while paying good
dividends to their stockholders.
C o - o p e r a t iv e

B anks.

There are forty co-operative banks doing business in the
Commonwealth, an increase o f ten during the year.
The Reading Co-operative Bank o f Reading and the Stone-


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Federal Reserve Bank of St. Louis

xii

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

ham Co-operative Bank o f Stoneham have been incorporated,
hut have not yet commenced business.
The total assets o f these banks October 30 was $ 3 ,2 2 9 ,0 7 2 .2 0 , an increase for the year o f $ 7 1 6 ,7 3 6 .3 4 .
The number o f shares in force October 30 was 9 8 ,7 8 3 ,—
2 0 ,2 1 8 more than at same date the previous year.
The number of members was 1 4 ,8 0 5 , an increase of 2,9 6 9
for the year.
The number o f borrowers was 2 ,9 6 0 ; the increase for the
year being 478.
A tabular statement o f some statistics relative to co-opera­
tive banks will be found on page 496 of the report.
Several o f the co-operative banks have issued during the
past year more shares than in the opinion o f the Commissioners
they were legally authorized to do, and they have been notified
to restrict the issue o f shares within the legal limitation.
The managers of some o f the banks feel that this limitation
will injure the growth o f these institutions, and propose to
apply to the Legislature for relief.
There does not appear to be a unanimity o f opinion regard­
ing the matter among the officers o f the banks, and we recommend that a full hearing o f the subject be had to enable the
Legislature to determine whether further legislation is neces­
sary.
In the succeeding pages will be found a copy o f the statutes
relative to

savings banks and co-operative banks, with such

additions and amendments as have been made by the various
Legislatures from 1882 to the present time.


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Federal Reserve Bank of St. Louis

C. C U R R Y ,
E . P . C H A P IN ,
Commissioners o f Savings Banks.

P U B L IC D O C U M E N T — N o. 8

1 8 8 7 .]

[P . S., C h a p t e r 116.]

OF SAYINGS BANKS AND INSTITUTIONS FOR SA VIN G S.

C O M M ISS IO N E R S O F S A Y IN G S B A N K S .

D I V ID E N D S A N D P A Y M E N T S .
S e c t io n

S e c t io n

1. Appointment and tenure of office.
2. Compensation and allowances.
3. Commissioners to visit and examine
every bank annually.
4.
may summon and examine officers,

24. Guaranty fund.
25. Net profit to be divided among deposi­
tors, and in what manner.
26. Dividend not to be paid unless net
profits are one and one-half per cent.,

etc. ; penalty for refusing to obey sum­
mons, or for obstructing commissioner.
shall examine bank on request of five
officers or creditors, etc.
proceedings by, when bank is insol­
vent, or in a hazardous condition.
Schedule of effects to be delivered to
receivers. Officers may be examined
under oath.
Commissioners to examine the ac­
counts, etc., of receivers.
to report violations of law, and attor­
ney-general to prosecute.
to report violations of law by receiv­
ers.

except, etc.
27. Extra dividends.
28. No dividend to be declared or paid,

6.
6.
7.

8.
9.
10.

S A V IN G S

BANKS

AND

IN S T IT U T IO N S

FOR

S A V IN G S .

11. Savings banks and institutions for sav­
ings, powers and duties of.
12. Power of general court over same.
Penalty for obstructing investigation.

until, etc.
29. Deposits, how withdrawn. Payments
to minors.
30. Depositor may set off the amount of
his deposit in proceedings by the cor­
poration.
31. In actions for deposits, claimants may
be made defendants, etc.
Deposits
may remain, or be paid into court, etc.
32. W hen a deposit is made in trust,
name, etc., of persons for whom made,
to be disclosed; to whom payable in
case of death.
33. Depositor to be notified when amount
entitled to dividend is exceeded.
34. List of amounts due depositors not
entitled to dividend, to be published
once in five years.
S P E C IA L T R U S T F U N D S .

O F F IC E R S A N D M E E T IN G S .

13. Officers of such corporations.
14. Treasurer’ s bond.
15. Choice and appointment of officers.
Vacancies.
Clerk to notify persons
elected, and publish list. Penalty.
16. Special meetings, how called and noti­
fied.
17. Members of the corporation.
18. Regular meetings of trustees. Quorum.
Statement of condition.
Record of
meeting, and names o f trustees pres­
ent. Office of trustee, how vacated,
and proceedings thereon.
D E P O S IT S , D O A N S , A N D I N V E S T M E N T S .

19. Limit to amount of deposits, and of
interest.
20. Investments.
21. No officer, etc., to borrow of the cor­
poration, or become surety.
22. Savings banks, etc., not to receive
brokerage, etc., on account of a loan.
Penalties.
23. Applications for loans.


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Federal Reserve Bank of St. Louis

35. Corporations may receive funds in
trust for parks, shade trees, ceme­
teries, and drinking fountains.
36. Probate courts may authorize execu
tors, etc., holding funds in trust for
such purposes, to deposit same.
37. Statement of the amount thereof to be
made every third year, etc.
38. I f the corporation ceases to do business,
these funds, where to be deposited.
BO O K S A N D R E T U R N S .

39. Commissioners may prescribe manner
of keeping and auditing books, etc.
40. Treasurer to make annual report.
Particulars to be stated in same.
41. Additional statements may be re­
quired.
42. Commissioners to furnish forms of re­
ports; to report to the general court.
43. Treasurer to inform overseers of poor
of deposits to the credit of a pauper.
44. Receivers to deposit unclaimed moneys,
etc., with treasurer.

Xlll

B A N K C O M M IS S IO N E R S ’ R E P O R T .

X IV

COMMISSIONERS
Appointment
and tenure of
office of board.
1866, 192, §§ 1, 2.
1876, 231, §§ 1-3.

S ection 1.

OF SA V IN G S

[Jan

BANKS.

The board of commissioners o f savings banks

shall consist o f two commissioners appointed by the governor,
with the advice and consent of the council, and subject to re­
moval in like manner, each of whom shall be sworn, and shall
hold office for the term of three years unless sooner removed.
Upon the occurrence o f a vacancy before the expiration o f a
term, an appointment shall be made for the remainder o f the
term.

Compensation
and allowances.
1886, chap. 252.

S ect . 2.

The annual salary of each of said commissioners

shall be three thousand dollars ; and the board shall be allowed
two thousand four hundred dollars a year for clerical assistance,
and also the actual expenses incurred in travelling in the dis­
charge o f its official duties.

The board to
visit and exam­
ine every bank
annually.
1866, 192, § 2.
1876, 231, §3.

S ect . 3.

The commissioners shall visit once in every year,

and as much oftener as they deem expedient, every savings
bank and institution for savings incorporated bjTauthority of
this Commonwealth.

A t such visits they shall have free access

to the vaults, books and papers, and shall thoroughly inspect
and examine all the affairs of each of said corporations, and
make such inquiries as may be necessary to ascertain its condi­
tion and ability to fulfil all its engagements, and whether it has
complied with the provisions of law.

They shall preserve in a

permanent form a full record of their proceedings, including a
statement of the condition of each of said corporations.
may summon
and examine
officers, etc.;
penalty for re­
fusing to obey
summons, or
obstructing
commissioner.
1866, 192, § 3.
1876, 231, § 3.

S ect. 4.

Either of the commissioners may summon all trus­

tees, officers or agents of any such corporation, and such other
witnesses as he thinks proper, in relation to the affairs, transac­
tions and condition of the corporation, and for that purpose may
administer oaths ; and whoever refuses, without justifiable cause,
to appear and testify when thereto required, or obstructs a com­
missioner in the discharge of his duty, shall be punished by fine
not exceeding one thousand dollars, or imprisonment not ex­
ceeding one year.

shall examine
bank on request
of five officers
or creditors, etc.
1866, 192, 4.
1876, 231, § 3.

S ect. 5.

Upon the certificate under oath o f any five or more

officers, trustees, creditors or depositors of any such corpora­
tion, setting forth their interest and the reasons for making such
examination, directed to the commissioners and requesting them
to examine such corporation, they shall forthwith make a full
investigation of its affairs in the manner before provided.

proceedings
by, when batik
insolvent, or in
a hazardous
condition.

S ect . 6.

The commissioners, if upon such examination any

such corporation appears to be insolvent, or its condition such
as to render its further proceeding hazardous to the public or to


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC D O C U M E N T — N o. 8.

those having funds in its custody, shall appty, or, if such cor­

xv
1866, 192, § 5.
1876, 231, § 3.

poration appears to have exceeded its powers or failed to com­
ply with any rule, restriction or condition provided by law, they
may apply to a justice of the supreme judicial court to issue an
injunction restraining such corporation, in whole or in part, from
further proceeding with its business until a hearing can be had.
Such justice may, with or without previous notice, issue such
injunction, and, after a full hearing, may dissolve or modify it
or make it perpetual, and may make such orders and decrees
according to the course of proceedings in equity to restrain or
prohibit the further prosecution of the business of the corpora­
tion as may be needful in the premises ; and may appoint one or
more receivers to take possession of its property and effects,
subject to such directions as may from time to time be pre­
scribed b}^ the court or a justice thereof.
S ect. 7.

When receivers are so appointed, the^treasurer of

the corporation shall make a schedule of all its property ; and
its treasurer, board of investment, and other officers transferring
its property to the receivers shall make oath that said schedule
sets forth all the property which the corporation owns or is
entitled to.

Schedule of
effects to be
made, sworn to,
and delivered to
receivers.
Officers may be
examined under
oath.
1878, 253, § 5.

The treasurer shall deliver said schedule to the

receivers and a copy thereof to the commissioners, who may at
any time examine under oath such treasurer, board of invest­
ment, or other officers, in order to determine whether or not all
the property which the corporation owns or is entitled to has
been transferred to the receivers.
S ect . 8.

The commissioners, or one of them, shall at least

once in every year, and as much oftener as they deem ex­
pedient, examine the accounts and doings of all such receivers ;
and shall carefull}' examine and report upon all accounts and

Commissioners
to examine the
accounts, etc.,
o f receivers.
1878, 253, §§ 1,
2, 3.

reports o f receivers made to the supreme judicial court and
referred to the commissioners!))’ the court ; and, for the purposes
o f this section, shall have free access to the books and papers
relating to the transactions of such receivers, and may examine
them under oath relative to such transactions.
S ect. 9.

The commissioners, if in their opinion any such

corporation or its officers or trustees have violated any law in
relation to savings banks, or institutions for savings, shall forth­

to report vio­
lations of law.
1866, 192, § 7.
1876, 231, § 3.
1878, 253, § 6.

with report the same,with such remarks as they deem expedient,
to the attorney-general, who shall forthwith institute a prosecu­
tion for such violation in behalf of the Commonwealth.
S ect. 10.

The commissioners, whenever in their opinion any

such receiver has violated his duty, shall present the facts to the
supreme judicial court.


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Federal Reserve Bank of St. Louis

to report vio­
lations of law
by receivers.
1878, 253, § 4.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

XVI

SA V IN G S
Savings banks
and institutions
ior savings,
powers and
duties of.
1876, 203, § 1.

S ect . 11.

BANKS

AND

INSTITUTIONS FO R

[Jan.

S A V IN G S .

A ll savings banks or institutions for savings,

incorporated under the authority of this Commonwealth, may
exercise the powers, and shall be governed by the rules, and
subject to the duties, liabilities, and provisions contained in the
following sections, so far as the same are consistent with the
provisions of their respective charters ; and any such corpora­
tion may, by vote at its annual meeting or at a meeting called
for the purpose, accept any provision of said sections which is
inconsistent with its charter.

Power of gen­
eral court over
same. Penalty
for obstructing
investieation.
G . S 57, §§ 102,
103, 155.
1876, 203, § 27.

S ect. 12.

The general court may

make other or further

regulations for the government of such corporations, or may
take away their corporate powers ; and every such corporation
and its officers shall be subject to examination by any committee
of the general court appointed for the purpose, -who may ex­
amine into the doings of the corporation, and shall have free
access to its books and vaults.

A n officer of such corporation,

or other person having charge of its books and property, who
refuses or neglects to exhibit them to such committee, or who in
an}’ way obstructs its examination thereof, shall be punished by
fine not exceeding ten thousand dollars, or imprisonment not
exceeding three years.
OFFICERS
Officers of such
corporations.
1876, 203, §§ 2, 3.

Treasurer’s
bond, and duty
of trustees and
board concern­
ine same.
1876, 203, § 3.
1880, 162.

AND

M E E TIN G S.

S ect. 13-

The officers of every such corporation shall con­
sist of a president, one or more vice-presidents, a board of not
less than nine trustees, a treasurer, clerk, and such other officers
as it may find necessary for the management of its affairs.
The president, vice-president and trustees shall be chosen from
the members, and no person shall hold any office in two such
corporations at the same time. Such officers shall be sworn,
and shall hold their several offices until others are chosen and
qualified in their stead, except in the cases hereinafter provided
otherwise.
S ect . 14.

The treasurer shall give bond for the faithful dis­

charge of his duties to the satisfaction of the trustees, and they
shall file a copy of the bond with the commissioners, and shall
notify them of any change thereafter made therein.

The com­

missioners shall keep a record showing when said bonds expire
and the changes so notified, and, whenever in their judgment it
is necessary for the security o f the depositors, shall require a
new bond, in such amount and with such sureties as they may
1886, 93.

approve.


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Federal Reserve Bank of St. Louis

The treasurer o f each savings bank or institution

1 8 8 7 .]

P U B L IC D O C U M E N T — N o. 8.

XVII

for savings shall give a new bond as often as once in five
years.
S ect . 15.

The officers of ever}" such corporation, except the

treasurer, shall be chosen at its annual meetings, to be holden
at such time as the by-laws direct, anything in its charter to
the contrary notwithstanding.

The treasurer shall be appointed

by the trustees, and shall hold his office during their pleasure.
I f an office becomes vacant during the year, the trustees may

Choice and ap­
pointment of
officers.
Vacancies. Not
taking oath, to
vacate office.
Clerk to notify
persons elected,
and publish list.
Penalty.
1876, 203, § 4.

appoint a person to fill the same until it is filled at the next
annual meeting ; and if a person chosen or appointed does not
within thirty days thereafter take the oath, his office shall there­
upon become vacant.

The person acting as clerk at such meet­

ing shall, within ten days thereafter, notify all persons elected
to an office, and within thirty da}Ts thereafter shall publish in
some newspaper published within the county a list of all persons
who have taken the oath of office to which they were elected.
A clerk neglecting to make such notification or publication, or
making a false publication, and any person who knowingly
publishes or circulates, or knowingly causes to be published or
circulated, a printed notice containing the name o f a person as
an officer of any such corporation who has not taken the oath of
office, shall be liable to a penalty of fifty dollars.
S ect . 16.

Every such corporation may at any time hold

special meetings by order o f its trustees ; and its treasurer shall
also notify special meetings upon the requisition in writing of
any ten members o f the corporation.

Notice of all meetings

shall be given by public advertisement in some newspaper of
the county where the corporation is established, and b\" season­
ably mailing to each member a written or printed notice of such
meeting.
S ect . 17.

Special meet­
ings, how called
and notifted.
1876, 203, § 5.

Every such corporation may, at a legal meeting,

elect oy ballot any citizen o f this Commonwealth to be a member

This act of 1876
was amended by
substituting the
word and for or
in sixth line.
See chap. 150,
Acts of 1884.
Members of the
corporation.
1876, 203, § 6.

thereof; and any person may, at an annual meeting, cease to
be a member, if he has filed with the treasurer a written notice
o f his intention so to do three months at least before such
meeting.

No person shall continue to be a member after remov­

ing from the Commonwealth.
S ect . 18.

A regular meeting of the board of trustees of

every such corporation shall be held as often as once in three
months, for the purpose of receiving the report o f its treasurer,
and for the transaction of other business.

A quorum shall con­

sist of not less than seven trustees, but less than a quorum may
adjourn from time to time or until the next regular meeting.
A t each regular meeting the trustees shall cause to be prepared


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Federal Reserve Bank of St. Louis

Regular meet­
ings of trustees
to be held once
in three months.
Quorum. State­
ment of condi­
tion of bank.
Record of each
meeting, and
names of trus­
tees present.
Office of trustee,
how vacated,

B A N K C O M M IS S IO N E R S ’ R E P O R T .

xviii
and proceedings
thereon.
1876, 203, § 7.

[Jan.

a statement showing the condition of the corporation as it
appears upon its books, in the form of a trial balance of its
accounts, and such statement shall be posted in a conspicuous
place in its banking room, and there remain until the next regu­
lar meeting of said board.

A record shall be made at each

meeting o f the transactions of the trustees and the names of
those present.

I f a trustee fails to attend the regular meetings

of the board, or to perform any of the duties devolved upon
him as such trustee, for six consecutive months, his office shall
thereupon become vacant.

A record o f such vacancy shall be

entered upon the books o f the corporation, and a transcript of
such record shall be sent by mail to the person whose office is
Names of in­
vesting officers
to be published
in newspaper.
1882, 50, § 1.

thus made vacant.
The trustees of every savings bank and institution for savings,
incorporated under the authority of this Commonwealth, shall
cause to be published semi-annually in some newspaper pub­
lished in the county in which said corporation is located the
names of the members of the board of investment or other offi­
cers of such corporation charged with the duty of investing its
funds.

The first publication thereof shall be within thirty days

o f the election of said officers and the second publication at the
expiration of six months therefrom.
A savings bank or institution for savings incorporated under

1881, ehap. 253

the provision of chapter one hundred and sixteen of the Public
Statutes shall carry on its usual business at its banking house
only, and no deposit shall be received, nor payment on account
of deposits be made by such corporation or by any person on
its account in any other place than at its banking house ; and
such banking house shall be kept in the city or town in which
such corporation is established.
DEPOSIT'S, LO A N S
Limit to amount
of deposits from
any person, and
interest.
1876, 203, § 8.

S ect . 19.

AND

IN V ESTM E N T S.

Every such corporation may receive deposits from

any person until the}’ amount to one thousand dollars ; and may
allow interest upon such deposits, and upon the interest accu­
mulated thereon, until the principal, with the accrued interest,
amounts to sixteen hundred dollars ; and thereafter upon no
greater sum than sixteen hundred dollars ; but the limitations
contained in this section shall not apply to deposits by religious

Deposits, etc.,
how invested.
1876, 203, § 9.
First mortgages
o f real estate.
1876, 203, § 9,

cl. 1.

or charitable corporations.
S ect . 20. Deposits and the income derived therefrom shall
be invested only as follows :—
First, On first mortgages of real estate, situated in this Com­
monwealth, to an amount not to exceed sixty per cent, of the


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

xix

P U B L IC D O C U M E N T — N o. 8.

valuation of such real estate : but not exceeding seventy per
cent, of the whole amount of deposits shall be so invested ; and
no loan on mortgage shall be made except upon the report of
not less than two members of the board of investment, who shall
certify to the value of the .premises to be mortgaged, accord­
ing to their best judgment, and such report shall be filed and
preserved with the records of the corporation.
Second. In the public funds of the United States, or any of
the New England states, or of the state of New York, in the jg8Q-177 §1
bonds or notes of any city, county, or town of this Common- issi, 214, § 2.
wealth, or of any city of the states of Maine, New Hampshire,
Vermont, Rhode Island, or Connecticut, whose net indebtedness
does not exceed five per cent, of the last preceding valuation of
the property therein, for the assessment of taxes; or of any
county or town thereof whose net indebtedness does not exceed
three per cent, of such valuation ; or in the notes of any citizen
of this Commonwealth, wfith a pledge o f any of the aforesaid
securities at no more than the par value thereof.
Savings banks and institutions for savings may, in addition

1885, chap. 111.

to the securities mentioned in section twenty of chapter one
hundred and sixteen of the Public Statutes, invest their depos­
its, and the income derived therefrom, in the bonds and notes
of incorporated districts in

this Commonwealth whose

net

indebtedness does not exceed five per cent, of the last pre­
ceding valuation of the property therein for the assessment
of taxes.
In addition to the investments. authorized by section twent}T M ay

make cer-

of chapter one hundred and sixteen of the Public Statutes, sav- investments!'111
ings banks and institutions for savings may invest their depos- 1882’ chap‘ 231’
its and the income derived therefrom in the legally authorized
bonds of the states of Pennsylvania, Ohio, Michigan, Indiana,
Illinois, Wisconsin and Iowa, and of the District of Columbia,
and in the legally authorized bonds, for municipal purposes, of
any city in the aforesaid states, and in the state of New York,
which has at the date of such investment more than thirtv thou- ,
*'

, .

Amended 1885,

sand inhabitants and whose net indebtednes's does not exceed chaP-124five per cent, o f the valuation of the taxable property therein,
to be ascertained by the last preceding valuation of property
therein, for the assessment of ta x e s; and in the note or notes of
any citizen of this Commonwealth, with a pledge as collateral of
any of the aforesaid securities, the amount invested in such note
or notes not to exceed in any case eighty per cent, of the mar­
ket value o f the securities pledged.


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Federal Reserve Bank of St. Louis

B A N K C O M M IS S IO N E R S ’ R E P O R T .

XX

1883, chap. 127.

[Jan.

The term “ net indebtedness,” used of city, town or district
in any statute limiting or regulating the investment of sinking,
trust and other funds of the Commonwealth, the deposits in sav­
ings banks and trust companies or other like funds shall be con­
strued to denote the indebtedness o f such city, town or district
omitting debt created for supplying the inhabitants with water
and deducting the amount of sinking funds available for the
payment of such indebtedness.

Railroad bonds.
1881, 214, §§ 1, 4.

Third, In the first mortgage bonds o f any railroad company
incorporated under the authority o f any of the New England
states and whose road is located wholly or in part in the sameand which is in possession of and operating its own road, and
has earned and paid regular dividends for the two years next
preceding such investment; or in the first mortgage bonds,
guaranteed by anj^ such railroad company, of any railroad com­
pany so incorporated whose road is thus located ; or in the
bonds or notes o f any railroad company incorporated under the
laws of this Commonwealth, and whose road is located wholly or
in part therein, and is unencumbered by mortgage, and which
has paid a dividend of not less than five per cent, per annum
for two years next preceding such investment; or in the notes
o f any citizen o f this Commonwealth, with a pledge as collateral
o f any of the aforesaid securities at no more than eighty per
cent, of the par value thereof; but street railway companies
shall not be considered railroad companies within the meaning
o f this section.

1883, chap. 134.

Savings banks and institutions for savings may invest in
bonds or notes o f the Old Colony Railroad Company issued
according to law, notwithstanding the mortgages on that part o f
its railroad formerly belonging to the Boston, Clinton, Fitchburg
and New Bedford Railroad Company.

1885, chap. 348.

Savings banks and institutions for savings may invest in the
bonds and notes o f the Fitchburg Railroad Company issued
according to law, notwithstanding the mortgages now existing
upon the Boston, Barre and Gardner Railroad.

1886, chap. 176.

Savings banks and institutions for savings may invest in the
bonds and notes o f the Worcester, Nashua and Rochester Rail­
road Company, issued according to law, notwithstanding the
said railroad is leased to the Boston and Maine Railroad Com­

Bank stocks,
and deposits in
banks, etc.
1876, 203, § 9,
cl. 4.
1881, 214, § 3.

pany.
Fourth, In the stock o f any bank incorporated under the au­
thority of this Commonwealth, or the stock of any banking asso­
ciation located in the New England states, and incorporated
under the authority of the United States, or on the notes of any


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

xxi

P U B L IC D O C U M E N T — N o. 8.

citizen of this Commonwealth, with a pledge as collateral of any
of the aforesaid securities at no more than eighty per cent, of
the market value and not exceeding the par value thereof: pro­

vided ., that such corporation shall not hold, both by way of in­
vestment and as security for loans, more than one-quarter of the
capital stock of any one bank or banking association, nor invest
more than ten per cent, of its deposits, nor more than one hun­
dred thousand dollars, in the capital stock of any such bank
or association.

Savings banks may deposit sums not to exceed

twenty per cent, of the amount of their deposits, on call, in such
banks or banking associations, or in any trust company, incor­
porated under the laws of this Commonwealth, which provides
the same security as banking associations incorporated under
the authority of the United States, and may receive interest for
the same.
Savings banks and institutions for savings shall not hereafter

1886, chap. 95.

deposit more than five per cent, of their total deposits in any
one national bank, or trust company, nor an amount exceeding
twenty-live per cent, of the capital stock and surplus of such
national bank, or trust company.
N o savings bank or institution for savings shall hereafter in-

investments in

vest or hold as collateral security more than three per cent, o f

banks limited,

its deposits in the stock of any one bank or banking association 188“’ ch‘ip' 224‘
such as are described in the fourth clause of section twenty of
chapter one hundred and sixteen of the Public Statutes.

Any

such savings bank or institution for savings which now has
more than three per cent, of its deposits invested as aforesaid,
shall reduce its investments therein to said limit, on or before
the first day of July in the year eighteen hundred and eightythree.
No savings bank or institution for savings shall hereafter in-

1883, chap. 202.

vest, or hold as collateral security, more than thirty-five per
cent, of its deposits in the stock of banks and banking associa­
tions, such as are described in clause four, section twenty, of chap­
ter one hundred and sixteen of the Public Statutes.

Any such

savings bank or institution for savings which now has more
than thirty-five per cent, of its deposits invested as aforesaid,
shall reduce its investments therein to said limit on or before
the first day of July in the year eighteen hundred and eighty-five.
Fifth, In loans upon the personal notes o f the depositors of
the corporation, but not exceeding one-half o f the amount of his
deposit to a depositor; and in each such case the deposit and
the book of the depositor shall be held by the corporation as
collateral security for the payment of such loan.


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Federal Reserve Bank of St. Louis

Loans

to deposi-

1879’ 57, § 1.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

X X I1

Personal
securities.
1876, 203, § 9,
cl. 5.
1886, chap. 69.

[Jan.

Sixth, I f such deposits and income cannot be conveniently in­
vested in the inodes hereinbefore prescribed, not exceeding onethird part thereof may be invested in bonds or other personal
securities, payable and to be paid at a time not exceeding one
year, with at least two sureties, if the principal and sureties
are all citizens of this Commonwealth and resident therein.

Chap. 168, Acts
o f 1884.

Clause six of section twenty of chapter one hundred and six­
teen of the Public Statutes, relating to investments by savings
banks and institutions for savings in bonds and other personal
securities, is hereby amended b}r adding thereto the following
words: “ provided, that the total liabilities to any such corpo­
ration, of any person, or of any partnership, company or corpo­
ration for money borrowed upon personal security, including in
the liabilities of a partnership or company not incorporated the
liabilities of the several members thereof, shall at no time ex­
ceed five per cent, of such deposits and income.”

Corporation
building and
site.
1876, 203, 5 9,
cl. 6.

Seventh, Ten per cent, of the deposits of any such corpora­
tion, but not exceeding two hundred thousand dollars, ma}- be
invested in the purchase of a suitable site and the erection or
preparation of a suitable building for the convenient transaction
of its business.

Real estate
acquired by
foreclosure, etc.
1876, 203, § 26.
See chap. 13,
$ 20 .

Eighth, A ny such corporation may hold real estate acquired
by the foreclosure of any mortgage owned by it, or by purchase
at sales made under the provisions of any such mortgage or
upon judgments for debts due it, or in settlements effected to
secure such d eb ts; but all such real estate shall be sold by it
within five 3rears after the title thereto is vested in the corpora­
tion.

1883, chap. 52.

A n y savings bank or institution for savings incorporated
under the authority of this Commonwealth may sell any real
estate now held by it, which has been acquired by the fore­
closure of any mortgage owned by it, or by purchase at sales
made under the provisions of any such mortgage, or upon judg­
ments for debts due it or in settlements effected to secure such
debts, at any time before the first day of July in the yeareighteen hundred and eighty-four : provided , however , that the
commissioners of savings banks, may upon the petition of the
trustees of any savings bank, and for good cause shown, grant
an additional time not exceeding two years within which such
real estate shall be sold ; notwithstanding any limit provided
by the eighth clause of section twenty of chapter one hundred
and sixteen o f the Public Statutes, and section one of chaptertwo hundred of the acts of eighteen hundred and eighty-twro.


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC D O C U M E N T — N o. 8.

A n y saying bank or institution for savings incorporated under

xxiii
1886, chap. 77.

the authority of this Commonwealth, may sell any real estate
now held by it, which has been acquired by the foreclosure of
any mortgage owned by it, or by purchase at sales made under
the provisions o f any such mortgage, or upon judgment for debts
due it or in settlements effected to secure such debts, at an}'
time before the first day of July in the year eighteen hundred
and eighty-eight : provided , however, that the commissioners of
savings banks may, upon the petition of the board o f invest­
ment of any savings bank or institution for savings, and for good
cause shown, grant an additional time, notwithstanding any
limit provided by the eighth clause of section twenty of chapter
one hundred and sixteen of the Public Statutes, section one of
chapter two hundred of the acts of the year eighteen hundred
and eighty-two, and chapter fifty-twro of the acts of the year
eighteen hundred and eighty-three.
The exemption from taxation granted to savings banks and

1883, chap. 246.

institutions for savings by section twenty of chapter thirteen of
the Public Statutes on account of real estate acquired by the
completion of foreclosure, or by purchase under the provisions
o f the eighth clause of section twenty of chapter one hundred
and sixteen of the Public Statutes, is hereby extended and shall
be allowed for the term during which such real estate shall be
held under the provisions of chapter fifty-two of the acts of the
present year, or of any general law ; and the tax for the present
year shall be assessed and collected in accordance with the
provisions of this act.
Ninth, The provisions of this chapter shall not be construed
to invalidate or in any manner impair the title of any corpora­
tion to any securities which have been or may be held by it in

Pledges of
securities as
collateral to re­
main valid.
1876, 203, § 30.
1878, 94, § 1.

pledge or as security for a loan or indebtedness ; and the same
shall be held for the purposes for which they were pledged ; and
nothing herein contained shall require any such corporation to
change any of its investments made before the first day of
October in the year eighteen hundred and seventy-six.
S ect . 21.

No member o f a committee or board of invest­

ment, or officer of such corporation charged with the duty of
investing its funds, shall borrow or use any portion thereof, be
surety for loans to others, or in any manner, directly or indi­
rectly, be an obligor for money borrowed of the corporation ;
and if such member or officer becomes the owner of real estate
upon which a mortgage is held by the corporation, his office
shall become vacant at the expiration of sixty days thereafter?
unless he has ceased to be the owner thereof, or has caused said


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Federal Reserve Bank of St. Louis

No officer, etc.,
to borrow the
funds of the
corporation, or
become surety.
1876, 203, § 10.

xxiv

B A N K C O M M IS S IO N E R S ’ R E P O R T .
mortgage to be discharged.

[Jan,

Only one of the persons holding:

the offices of president, clerk, and treasurer shall at the same
time be a member of the investing committee.
Savings banks,
etc., not to
receive broker­
age, etc., on
account of a
loan.
Penalties.
1876, 203, § 11.

S ect . 22.

N o such corporation, nor any person acting in its

behalf, shall negotiate, take, or receive a fee, brokerage, com­
mission, gift, or other consideration for or on account of a loan
made by or on behalf of such corporation, other than appearson the face of the note or contract by which such loan purports
to be made ; but nothing herein contained shall apply to any
reasonable charge for services in the examination of titles and
preparation of conveyances to such corporation as security for
its loans.

Whoever violates a provision of this section shall

be punished by fine of not less than one hundred, nor more than
one thousand dollars.

A ll sums paid for services, fees, or

otherwise to a member of the board of trustees shall be reported
in detail at each regular meeting of the trustees.
Applications
for loans to be
in writing, and
record kept.
1876, 203, § 12.

S ect. 23.

All applications for loans shall be made in writing,

through the treasurer of the corporation, who shall keep a
record thereof, showing the date, name of applicant, amount
asked for, and the security offered, and he shall cause the same
to be presented to the board of investment.
D IV ID E N D S

Guaranty fund
to be created
and maintained.
1876, 203, § 13.

S ect . 24.

AND

PA Y M E N T S.

Every such corporation shall,

at the time of

making each semi-annual dividend, reserve as a guaranty fund,
from the net profits which have accumulated during the six
months then next preceding, not less than one-eighth nor more
than one-fourth of one per cent, of the whole amount of depos­
its, until such fund amounts to five per cent, of the whole
amount of deposits, which fund shall be thereafter maintained
and held to meet losses in its business from depreciation of its
securities, or otherwise.

Net profit tojbe
divided among
depositors, and
in what manner.
1876, 203, § 14.

S ect . 25. The income or profit of every such corporation,
'f
after a deduction of all reasonable expenses incurred in the
management thereof and the guaranty fund, shall be divided
among its depositors or their legal representatives at times
fixed by its by-laws in the following manner :

Ordinary divi­

dends shall be made every six months, and shall not exceed
two and one-half per cent, on all sums which have been on
deposit for six months preceding, or one and one-fourth per
cent, on all sums which have been on deposit for three months
preceding ; and no ordinary dividend shall be declared or paid
except as above provided, nor upon a deposit of less than threemonths’ standing ; and any such corporation may, by its by-


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P U B L IC D O C U M E N T — N o. 8.

XXV

laws, provide that no dividends shall be declared or paid on a
less sum than three dollars, or on the fractional part of a dollar.
S ect. 26.

If, at the time provided by the by-laws for mak­

ing ordinary dividends, the net profits for the six months pre­
ceding. over and above the sum to be added to the guaranty
fund, do not amount to one and one-half per cent, of the depos­

Dividend not to
be paid unless
net profits are
one and onehalf per cent.,
except, etc.
1876, 203, § 15.
1880, chap. 150.

its, no dividend of the profits shall be declared or paid, except
such as shall be approved in writing by the commissioners.
S ect . 27.

Once in every term of three }Tears, if the net

profits accumulated over and above said guaranty fund and
dividends amount to one per cent, of the deposits which have
remained in such corporation for one year then next preceding,

Extra dividend*
may be paid
once in every
three years,
when. etc.
1876, 203, § 16.

such net profits shall be divided among the depositors whose
deposits have remained therein for one year at least then next
preceding, in proportion to the amount of dividends which have
been declared on their deposits during the three jrnars then next
preceding.
S ect. 28.

No dividend shall be declared until the trustees

cause an examination to be made, and find that the amount
thereof has actually accrued; and no dividend or interest shall

No dividend t®
be declared or
paid, until, etc.
1876, 203, § 17.

be paid unless authorized by a vote of the trustees after such
examination.
S ect. 29.

The principal deposits in such corporations may

be withdrawn at such time and in such manner as the by-laws
direct, but the deposits so withdrawn shall be deducted in each
case from the amounts last deposited.

Money deposited in the

Deposits, hovr
withdrawn.
Payments to
minors.
1876, 203, § 18.
127 Mass. 183.

name of a minor ma}’, at the discretion of the trustees or com­
mittee of investment, be paid to such minor or to the person
making such deposit; and the same shall be a valid payment.
Savings banks and institutions for savings are hereby author­

1885, 210, § 2.

ized and empowered to pay any savings bank order, drawn by
any person who has funds on deposit to meet the same, notwith­
standing the death

of such drawer in the interval of time

between signing such savings bank order and its presentation
for payment when said presentation shall be made within thirty
days after the date of such savings bank order; and at anj7
subsequent period, provided the depositary has not received
actual notice of the death of the drawer.
S ect. 30.

A

person indebted to any such corporation,

whether his indebtedness is secured or not, may, in any pro­
ceeding for the collection thereof or for the enforcement of any
security therefor, set off the amount of a deposit held and owned
b}7 him at the time of the commencement of such proceeding,
and of the interest due thereon, except a deposit purchased or


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Depositor may
set off the
amount of his
deposits in pro­
ceedings by the
corporation.
1878, 261, § 1.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

XXVI

[Jan.

acquired from another after the commencement of proceedings
in equity to restrain the corporation from doing

its actual

business.
W hen deposits
are claimed by
a person other
than plaintiff,
claimants may
be made defend­
ants, etc.
Deposits may
remain or be
paid into court,
1876, 203, § 19.
1877, 179.

S ect . 31.

In actions against any such corporation for money

on deposit therewith, if it appears that the same fund is claimed
by another party than the plaintiff, whether by the husband or
wife of such plaintiff, or otherwise, the court in which such
action is pending, on the petition of the corporation and on such
notice as the court considers proper to the plaintiff and to such
claimants, may order the proceedings to be amended by making
such claimants parties defendant thereto ; and thereupon the
rights and interests of the several parties in and to said funds
shall be heard and determined.

Such deposits may remain with

the corporation until final judgment, and shall be paid in accord­
ance with the order of the court, or may be paid into court to
await final judgm ent; and, when so paid into court, the cor­
poration shall be stricken out as a party to the action, and its
liability^ for such deposit shall cease.

The taxable costs of the

corporation in such actions shall be in the discretion of the
W hen a deposit
is made in trust,
name, etc , of
person for
whom made, to
be disclosed;
to whom pay­
able in case of
death.
1876, 203, § 20.

court, and may be charged upon the fund.
S ect. 32. When a deposit is made in such corporation by
any one in trust for another, the name and residence of the per­
son for whom it is made shall be disclosed, and it shall be cred­
ited to the depositor as trustee for such person ; and if no other
notice of the existence and terms of a trust has been given in
writing to the corporation, in the event of the death of the
trustee, the deposit, with the interest thereon, may be paid to
the person for whom such deposit was made, or to his legal

Depositor to be
notified when
amount entitled
to dividend is
exceeded.
1876, 203, § 21.

representative.
S ect . 33. The treasurer of every such corporation, upon
making up each semi-annual dividend, shall send wiitten notice
by mail to each depositor, who for six months then next pre­
ceding has not been entitled to a dividend on the whole amount
standing to bis credit, because the same exceeds the amount on
which interest is allowed, specifying the amount not entitled to

List of amounts
due depositors
not entitled to
dividend to be
published once
in five years.
1876, 203, § 22.

dividend.
S ect . 34.

Every such corporation shall once in five years

publish, in some newspaper of the county where it is established,
a list of the amounts standing to the credit of depositors who
have not been entitled to dividends on the whole amounts stand­
ing to their credit for two years then next preceding, because
the same exceed the amount on which interest is allowed, with
the names and last known residences of the persons to whose


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/

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P U B L IC D O C U M E N T — N o. 8.

XXVll

credit such amounts stand, which publication shall be continued
in three successive papers.
SP EC IAL

S ect . 35.

TRUST F U N D S .

Any such corporation may receive on deposit to

any amount funds in trust for the purpose of setting out shadetrees in streets and parks, and improving the same ; for pur­
chasing lands for parks, and improving the same ; for maintaining
cemeteries or cemetery lots, and for erecting and maintaining
drinking fountains in public places, or for any or all of said
purposes.

Funds in trust
for parks,
shade-trees,
cemeteries and
drinking foun­
tains. Principal
not'to be with­
drawn, and to
be exempt from
attachment.
1875,174, § 1.

Such funds shall be placed on interest in such cor­

poration, and the interest and dividends arising therefrom shall
be paid semi-annually to such city, town or cemetery authorities
as may be designated by the donors of said funds or the will of
the person bequeathing the same, and shall be expended by such
authorities within their respective cities, towns or cemeteries
for any or all of said purposes, as may be specified by such
donors or such will.

No part o f the principal of such funds

shall be withdrawn or expended, and the same shall be exempt
from attachment or levy on execution.
S ect . 36.

A judge of the probate court, after due notice and

a hearing, if in his judgment it is expedient so to do, may
authorize an executor, administrator or trustee holding money
or other personal property for any of the purposes mentioned in

Probate courts
may authorize
executors, etc.,
to deposit funds
in trust for such
purposes.
1877, chap. 192.

the preceding section, to deposit such moneys or the avails
arising from such personal property in an}7 such corporation
designated by the judge, to be held by it in the manner and for
the uses and purposes mentioned in said section, and upon the
trusts upon which said executor, administrator, or trustee, held
the same ; and upon the deposit of such money and its receipt
and acceptance by such corporation the said executor, admin­
istrator or trustee shall be discharged from further care and
responsibility therefor.
S ect. 37.

The funds held in accordance with the two pre­

ceding sections shall be known as the “ Shade-Tree and Ceme­
tery Fund,” and the treasurer of the corporation in which they
are deposited shall give a certificate of gift to each donor of such
funds, and shall send by mail or deliver in the month of January
in every third year after the first deposit to the mayor o f any
city, or the chairman of the selectmen of an}' town within the
limits of which the interest and dividends of any such fund are
to be expended, a written statement, signed by such treasurer,
o f the amount of funds on deposit for the purposes aforesaid,


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Statement o f the
amount thereof
to be made
every third
year, etc.
1875,174, § 2.

xxviii

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

which statement shall be recorded in the office of the clerk o f
such city or town.
I f the corpora­
tion ceases to do
business, these
funds to be de­
posited in
another.
1875, 174, § 3.

S ect. 38.

I f a corporation holding such funds surrenders its

charter or ceases to do business the supreme judicial court may
order said funds to be transferred and deposited in some other
such corporation upon the same trusts as aforesaid ; and if thelaws authorizing such corporations are repealed, the court may
order said funds to be transferred and deposited in such banking
institutions as it may deem proper, to be held upon the trusts
aforesaid.
BOOKS

Board may pre­
scribe manner of
keeping and au­
diting books,etc.
1880, 228, § 1.
Treasurer to
make annual re­
port to board.
Particulars to be
stated in same.
1876, 203, § 23.
1877, chap. 159.

S ect. 39.

AND

RETUR NS.

The commissioners may prescribe the manner and

form of keeping and auditing the books and accounts of any
such corporation.
S ect. 40.

The treasurer of every such corporation shall an­

nually within fifteen days after the last business day of October
make a report to the commissioners, showing accurately the
condition thereof at the close of business on said day.

The report

shall be in such form as the commissioners shall prescribe, and
shall specify the following particulars ; namely, name of corpo­
ration, and number of corporators ; place where located ; amount
o f deposits ; amount of each item o f other liability ; publie
funds, including all United States, state, count}7, city, and town
bonds, stating each particular kind, the par value, estimated
market value and amount invested in each ; loans on public
funds, stating amount on each ; bank stock, stating par value,
estimated market value, and amount invested in each ; loans on
bank stock, stating amount on each ; railroad bonds, stating par
value, estimated market value, and amount invested in each ;
loans on railroad bonds, stating amount on each ; estimated
value of real estate, and amount invested therein ;

loans on

mortgage of real estate ; loans to counties, cities, or towns ;
loans on personal security ; cash on deposit in banks, with the
names of such banks, and the amount deposited in each ; cash on
hand ; the whole amount of interest or profits received or earned,
and the rate and amount of each semi-annual dividend for the
previous year ; the times for dividends fixed by the by-laws ;
the average annual per cent, of dividends for the term ending at
the time of and including the last extra dividend ; the rates of
interest received on loans ; the total amount of loans bearing
each specified rate of interest ;

the

number

of outstanding

loans which are of an amount not exceeding three thousand
dollars each, and the aggregate amount of the same ; the number
of open accounts ; also the number and amount of deposits re-


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P U B L IC D O C U M E N T — N o. 8.

XXIX

ceived ; the number o f deposits received o f three hundred dollars
or more at one time ; the number and amount of withdrawals;
the number of accounts opened, and the number of accounts
closed, severally, for the previous year ; and the annual expenses
of the corporation ; all of which shall be certified and sworn to
by the treasurer.

And five or more of the trustees shall certify

and make oath that the report is correct according to their best
knowledge and belief.
S ect. 41.

Such annual reports shall also, when so required

by the commissioners, state the number and amount of open
accounts of fifty dollars and less, of those exceeding fifty dollars

Additional
statements may
be required by
the board.
1880, 228, { 2.

and not more than one hundred dollars, of those exceeding
one hundred dollars and not more than two hundred dollars, of
those exceeding two hundred dollars and not more than five
hundred dollars, of those of one thousand dollars or more ; and
o f those to the credit of women, both adult and minor, guar­
dians, religious and charitable associations, and in trust, respec­
tively.
S ect. 42.

The commissioners shall furnish blank forms of

reports to every such corporation, and shall prepare annually
from such reports, and communicate to the general court on or
before the first Wednesday in January, a statement of the con­
dition of each corporation from which a report has been received

Blank forma of
reporta to be
furnished.
Commissioners
to report to the
general court.
1866, 192, § 3.
1876, 203, § 24.
1878, 253, § 2.

for the preceding year, and shall include therein a statement o f
the affairs of such corporations in the hands of receivers, and
shall make such suggestions as they may deem expedient relative
to the general conduct and condition of each of the corporations
visited by them.
S ect. 43.

The treasurer of every such corporation shall,

upon a written request signed by an overseer of the poor of a
city or town, inform him of the amount, if any, deposited in the
corporation to the credit of any person named in such request,

Treasurer to
inform over­
seers of poor
o f deposits to
the credit of a
pauper.
1876, 203, § 25.

who is a charge upon the Commonwealth or upon a city or town
therein as a pauper; and a treasurer who unreasonably refuses
to give such information, or wilfully renders false information,
shall forfeit fifty dollars for every such offence, to the use of
the city or town upon which such pauper is a charge, or to the
Commonwealth if the pauper is a charge upon the Common­
wealth.
Receivers of insolvent savings banks and institutions for sav­
ings shall, at the end of one year after final settlement ordered
by the court, deposit with the commissioners of savings banks
all books and papers o f such insolvent savings banks and insti­
tutions for savings, including those relating to their receiver-


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Federal Reserve Bank of St. Louis

Receivers to
deposit books
and papers with
commissioners
at end of year
after settlement,
ordered by
court.
1882, 77, § 1.
Chap. 72, 1884.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

XXX

ship.

[Jan.

And said commissioners shall receive and hold the same

in some proper repository in the state house or Commonwealth
building.
Sect. 44 repealed
liy Acts of 1883,
chap. 258, and
the following
substituted.

A t the expiration of one year after final settlement ordered,
by the court, receivers of insolvent insurance companies and
receivers of insolvent savings banks and institutions for sav­
ings shall report to the court the names and residences, whenknown, of the persons or parties entitled to any moneys or
dividends from the estate of such corporations remaining in their
hands uncalled for, with the amount due to each.

The court

shall thereupon order such notice to be given by the receivers
as justice may require, and upon the expiration of one year from
the time of giving such notice the receivers shall in like manner
report the amounts still uncalled for.

Unless cause shall appear

for decreeing otherwise, such amounts shall then be ordered to
be paid into the treasury of the Commonwealth and schedule»
signed by the receivers shall at the same time be deposited
with the treasurer and auditor of the Commonwealth setting
forth the decree of the court and the names and residences, so
far as known, of the persons or parties entitled thereto arranged
in alphabetical order and the amount due to each.

The auditor

shall forthwith cause notice of such deposit to be mailed to such
parties.
The deposit of books and papers required from receivers o f
insolvent corporations under the provisions o f section one of
chapter seventy-seven of the acts of the year eighteen hundred
and eighty-two, shall be made at the time when the payment into
the treasury of the Commonwealth of such unclaimed moneys or
dividends is required by law to be made and not before.
Section one hundred seventy-three of chapter one hundred
nineteen, and section forty-four of chapter one hundred sixteen
of the Public Statutes are hereby repealed, but receivers of any
insolvent saving bank or institution for savings in whose case
final decree of distribution has been made at the passage of this
act shall make payments into the treasury of the Commonwealth
as required by the provisions of section forty-four of chapterone hundred sixteen of the Public Statutes notwithstanding,
and persons or parties entitled to receive any portion of such
sums or of the sums already paid into the treasury under the
provisions of said section, or the acts of which they are a con­
tinuation may within two years from the passage of this act and
persons or parties entitled to receive any portion of the sums
paid into the treasury under the provisions of the first section of
this act ma}Twithin two years from the time of such deposit and


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Federal Reserve Bank of St. Louis

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P U B L IC D O C U M E N T — N o. 8.

XXXI

notice given make claim to the auditor of the Commonwealth
therefor.

Upon establishing the validity o f their claim, certifi­

cation, warrant and payment shall follow as in case of other
valid claims against the Commonwealth.
Copies from the records, books and accounts of a savings bank i888»chap. 92.
and institution for savings, incorporated under the laws of this
Commonwealth, shall be competent evidence in all cases equally
with the originals thereof, if there is annexed to such copies an
affidavit taken before a clerk of a court of record, or notary
public, under the seal o f such court or notary public, setting
forth that the affiant is the officer having charge o f the original
records, books and accounts and that such copy is true and cor­
rect and is full so far as it relates to the subject matter therein
referred to.


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B A N K C O M M IS S IO N E R S ’ R E P O R T .

xxxii

[P. S.,

Chapter

[Jan.

117.]

OF CO -O PERATIVE SAVING FUND AND LOAN ASSO CIATIO N S.

Corporations
for accumula­
tion of savings
o f members and
lending funds to
members.
1877, 224, § 1.

S E C TIO N

SECTION

1. Corporations for accumulation of sav­
ings of members and lending funds
to members.
2. Agreement, what to set forth.
3. Name.
4. Corporation, how organized.
3. Limit of capital.
Plans of issuing
stock, etc.
6. By-laws. Officers to hold office until
successors are elected.
7. Monthly meetings. Dues.
8. Withdrawal of shares.
9. Shares, when matured.
10. Moneys to be lent by monthly sales;
how invested, if unsold.

11.
12.
13.
14.
15.
16.
17.

S ection 1.

Premiums.
Interest.
Security.
Payment.
Pines. Forfeiture of shares.
Recovery of loan.
Books o f account. Duties of treas­
urer, etc.
18. Distribution of profits and losses.
19. Corporation may buy and sell real
estate.
20. Powers of savings bank commission­
ers.

Twenty-five or more persons who associate them­

selves together by an agreement in writing, with the intention of
forming a corporation for the purpose of accumulating the sav­
ings of its members paid into such corporation in fixed periodical
instalments, and lending to its members the funds so accumu­
lated, shall be and remain a corporation upon complying with
the provisions of the three following sections.

Agreement,
what to set
forth.
1877, 224, § 2.

S ect. 2.

The agreement shall set forth the fact that the

subscribers thereto associated themselves with the intention of
forming a corporation ; the name by which the corporation shall
be known ; the purpose for which it is formed ; the town or city,
which shall be within this Commonwealth, in which it is located ;
and the limit of capital to be accumulated.

Name.
1877, 224, § 3.

S ect . 3.

The name shall be one not previously in use by any

existing corporation established under the laws of this Common­
wealth, and shall be changed only by act of the General Court.
The words “ co-operative saving fund and loan association ” shall
form a part of the name.
“ Co-operative
saving fund and
loan associa­
tions” to be
known as “ Co­
operative
Banks.”
1883, 98.

Section three of chapter one hundred and seventeen of the
Public Statutes, relative to the name of co-operative saving
fund and loan associations, is hereby amended by striking out
the words “ co-operative saving fund and loan association,” in
the fourth line, and inserting in place thereof the words “ Co­
operative Bank.”

Public Statutes
117. Title
amended.
1883, 98.

The title of said chapter one hundred and seventeen of the
Public Statutes is hereby amended by striking out the words


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P U B L IC D O C U M E N T — N o. 8.

xxxiii

“ Saving Fund and Loan Associations,” and inserting in place
thereof the word “ Banks.”
The names of all co-operative saving fund and loan associa­
tions heretofore organized are hereby changed by striking out
in each the words “ saving fund and loan association,” and
inserting in place thereof the word “ bank,” and they shall here­

Co-operative
banks

after be known as “ co-operative banks.”

1883, 98.

The first and second sections of this act shall take effect upon
its passage, and the third section upon the first day of July in

Third section to
take effect July
1, 1883.

the year eighteen hundred and eighty-three.
S ect . 4.

The provisions of sections eighteen, twenty;7, and

twenty-one of chapter one hundred and six shall apply to such

Corporation,
how organized.
1877, 224, § 4.

corporations, except that, in the certificate signed by the secre­
tary o f the Commonwealth, the limit of capital to be accumu­
lated, as fixed in the agreement of association, shall be inserted,
instead of the amount of capital, that the certificate required by
said section twenty-one to be filed and recorded may be signed
and sworn to by the presiding and financial officers, and a ma­
jority at least of the officers possessing the powers of directors,
by whatever name they may be called, and that the fees to be
paid for filing and recording the certificates required by said
section twenty-one, including the issuing of the certificate of
organization, shall be five dollars.
S ect. 5.

The capital to be accumulated shall not exceed one

Limit o f capital.

million dollars, and shall be divided into shares of the ultimate
value of two hundred dollars each.

The shares may7 be issued

in quarterly, half-yearly, or yearly series, in such amounts and
at such times as the members may determine.

Plans of issuing
stock, etc.
1877, 224, § 5.

No person shall

hold more than twenty-five shares in the capital of any one such
corporation.

No shares of a prior series shall be issued after the

issue of a new series.
S ect . 6.

The number, title, duties and compensation o f the

Bv-laws.
Officers to hold

officersrtof the corporation, their terms of office, the time of their office until suc­
are
election, as well as the qualifications of electors, and time of cessors
elected.
each periodical meeting of the officers and members, shall be

1877, 224, §§ 6,
16.

determined by the by-laws ; but no member shall be entitled to
more than one vote at any election.

A ll officers shall continue

in office until their successors are duly7 elected, and no corpora­
tion shall expire from neglect on its part to elect officers at the
time prescribed by the by-laws.
In any7 co-operative bank now or hereafter formed under the
provisions of chapter one hundred and seventeen of the Public
Statutes, the offices of secretarv and treasurer may7 be held by7
one and the same person


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One person may
be both secre­
tary and
treasurer.
1885, 121, § 1.

H A N K C O M M IS S IO N E R S ’ R E P O R T .

X X X IV

Monthly meet­
ings. Dues.
1877, 224, §§ 5,
7, 9.
1881, 271, § 1, cl.
3.

S ect. 7.

[Jan.

The officers shall hold stated monthl}7 meetings»

A t or before each of these meetings every member shall pay to
the corporation, as a contribution to its capital, one dollar asdues upon each share held by him until the share reaches the
ultimate value of two hundred dollars, or is withdrawn, can­
celled, or forfeited. Payment of dues on each series shall com­
mence from its issue.

Withdrawal of
shares.
1877, 224, § 10.
1881, 271, § 1,
cl. 3.

S ect. 8.

A member may withdraw his unpledged shares at

any time by giving thirty days’ notice of his desire to do so in a
book to be provided by the corporation for the purpose, and
shall thereupon receive the withdrawing value of his shares at
the date of the notice : provided , that at no time shall more than
one-half of the funds in the treasury be applicable, without the
consent of the directors, to the demands of withdrawing members.
The directors may in their discretion, and pursuant to the by­
laws, retire the unpledged shares of any series, and enforce their
withdrawal at any time after four years from the date of their
issue.

The shareholders whose shares are to be so retired shall

be determined by lot, under such regulations as the directors
may prescribe.

The withdrawing value of a share shall be the

amount o f dues paid thereon, together with such proportion o f
the profits, according to the next preceding adjustment and
valuation of shares, as the by-laws may determine, less all fines
and proportionate part of any unadjusted loss : provided , that
shareholders whose shares are retired, as herein provided, shall
be paid the full value of their shares, less all fines and a propor­
tionate part of any unadjusted loss.
Amendment.
1882, 251.

Chapter one hundred and seventeen of the public statutes is
amended as follows : — By striking out section eight and insert­
ing in place thereof the following w'ords:

“ Shares may be

withdrawn after one month’s notice of such intention written in
a book held and provided by the corporation for the purpose.
Upon such withdrawal, the shareholder’s account shall be settled
as follows : from the amount then standing to the credit o f the
shares to be withdrawn there shall be deducted all fines, a pro­
portionate part of any unadjusted loss, together with such pro­
portion of the profits previously credited to the shares as the
by-laws may provide, and such shareholders shall be paid the
Provisos.

balance : provided , that at no time shall more than one-half o f
the funds in the treasury be applicable to the demands o f with­
drawing members without the consent of the directors.

The

directors may at their discretion, under rules made by them,
retire the unpledged shares of any series, at any time after four
years from the date of their issue, by enforcing the withdrawal


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC D O C U M E N T — N o. 8.

XXXV

o f the sam e: provided , that the shareholders whose shares are
to be retired shall be determined by lot, and that they' shall be
paid the full value of their shares, less all fines and a propor­
tionate part of any unadjusted loss.”
S ect. 9.

When each unpledged share of a given series reaches Shares, when

the value of two hundred dollars, all payments of dues thereon issi, 27ij § i ,
shall cease, and the holder thereof shall be paid out of the funds
o f the corporation two hundred dollars therefor, with interest at
the rate o f six per cent, a year from the time of such maturity
to the time of payment: provided , that at no time shall more
than one-half of the funds in the treasury be applicable to the pay­
ment of such matured shares without the consent of the directors.
Chapter one hundred and seventeen of the Public Statutes is
amended as follows, by adding to section nine the following
words : “ And that before paying matured shares all arrears and

Amendment.
i8§9 251

fines shall be deducted.”
S e c t . 10.

The moneys accumulated, after due allowance Moneys to be

made for all necessary and proper expenses and for the with- Iaies';yh^wnthly
drawal of shares, shall, at each stated monthly meeting, be

lf

offered to the members according to the premiums bid b}r them Jjjgij 271’ 1 1,
for priority of right to a loan.

Each member whose bid is c1' 4’

accepted shall be entitled, upon giving proper security, to re­
ceive a loan of two hundred dollars for each share held by him,
or such fractional part of two hundred dollars as the by-laws
may allow.

I f a balance of money remains unsold after a

monthly sale, the directors may invest the same in any of the
securities named in the second clause of section twenty of chap­
ter one hundred and sixteen.
S e c t . 11.

Premiums for loans shall consist of a percentage Premiums,

•charged on the amount lent in addition to interest, and shall be 1S|'’ 224’ § 12,
deemed to be a consideration paid by the borrower for the
present use and possession of the future or ultimate value of his
shares, and shall, together with interest and fines, be received
by the corporation as a profit on the capital invested in the loan,
and shall be distributed to the various shares and series of said
•capital as hereinafter provided.
S ect. 12.

A borrowing member, for each share borrowed interest.
o

’

1881 271 ^ I

upon, shall, in addition to his dues and monthly premium, pay cl. 3!
monthly interest on his loan at the rate o f six per cent, per
annum until his shares reach the ultimate value of two hundred
dollars each, or the loan has been repaid ; and when said ulti­
mate value is reached, said shares and loan shall be declared
*
cancelled and satisfied, and the balance, if any, due upon the
shares shall be paid to the member.


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Federal Reserve Bank of St. Louis

xxxvi
Acts of 1882.
Chap. 251, § 2.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

A n}’ corporation organized under said chapter one hundred
and seventeen may provide in its by-laws that the bid for loans
at its stated monthl}’ meetings shall, instead of a premium, be a
rate of annual interest upon the sum desired, payable in monthly
instalments.

Such bids shall include the whole interest to be

paid, and may be at any rate not less than five per centum per
annum.
Security.
1877, 224, § 8.
1881, 271, § 1,
c l. 1.

S ect. 13.

For every loan made, a note secured by first mort­

gage of real estate shall be given, accompanied by a transfer
and pledge of the shares of the borrower.

The share so pledged

shall be held by the corporation as collateral security for the
performance of the conditions of said note and mortgage.

Said

note and mortgage shall recite the number of shares pledged and
the amount of money advanced thereon, and shall be condi­
tioned for the payment, at the stated meetings of the corpora­
tion, of the monthly dues on said shares, and the interest and
premium upon the loan, together with all fines on payments in
arrears until said shares reach the ultimate value of two hun­
dred dollars each, or said loan is otherwise cancelled or dis­
charged : provided, that the shares, without other security, may,
in the discretion of the directors, be pledged as security for
loans, to an amount not exceeding their value as adjusted at
the last adjustment and valuation of shares before the time of
the loan.
I f the borrower neglects to offer security satisfactory to the
directors within the time prescribed by the by-laws, his right to
the loan shall be forfeited, and he shall be charged with one
month’s interest and one month’s premium at the rate bid by
him, together with all expenses, if any, incurred ; and the money
appropriated for such loan may be re-loaned at the next or any
subsequent meeting.
Payment.
1877, 224, § 11.

S ect.

14.

A borrower may repay a loan at an}' time, upon

application to the corporation, whereupon, on settlement of his
account, he shall be charged with the full amount of the original
loan, together with all monthly instalments o f interest, pre­
mium, and fines in arrears, and shall be given credit for the
withdrawing value o f his shares pledged and transferred as
security ; and the balance shall be received by the corporation in
full satisfaction and discharge of said loan : provided , that all
settlements made at periods intervening between stated meetings
of the directors shall be made as of the date of the stated
meeting next succeeding such settlement; and provided.L that a
borrower desiring to retain his shares and membership may at


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

xxxvii

P U B L IC D O C U M E N T — N o. 8.

his option repay his loan without claiming credit for said shares,
whereupon said shares shall be re-transferred to him, and shall
be free from any claim by reason of said cancelled loan.
S ect . 15.

Members who make default in the payment of

their monthly dues, interest and premiums shall be charged a

Fines, forfeiture
o f shares.
1877, 224, § 13.

fine not exceeding two per cent, a month on each dollar in
arrears.

No fines shall be charged after the expiration of six

months from the first lapse in any such payment, nor upon a
fine in arrears.

The shares of a member who continues in

arrears more than six months shall, at the option of the direc­
tors, if the member fails to pay the arrears within thirty days
after notice, be declared forfeited, and the withdrawing value of
the shares at the time of the first default shall be ascertained,
and, after deducting all fines and other legal charges, the bal­
ance remaining shall be transferred to an account to be desig­
nated the “ Forfeited Share Account,” to the credit of the
defaulting member.

Said member, if not a borrower, shall be

entitled, upon thirty days’ notice, to receive the balance so
transferred without interest from the time of the transfer, in the
order of his turn, out of the funds appropriated to the payment
of withdrawals.

A ll shares so forfeited or transferred shall

cease to participate in an}' profits of the corporation accruing
after the last adjustment and valuation of shares before said
first default.
S ect . 16.

I f a borrowing member has been in default for six

months, the amount to be credited to his shares under the pre­
ceding section shall be applied as a payment upon the loan, and

Recovery of
loan.
1877, 224, §§ 8,
13.

the balance, with interest and premiums thereon from the time
of first default, together with an attorney’s fee of five per cent,
on said balance, shall be enforced against the security, and
recovered as secured debts are recovered at law.

The shares,

the value whereof has been so applied in payment, shall revert to
the corporation, and be held by it free from all interest, claim,
or demand on the part of the borrower or any person claiming
from or under him.
I f a borrowing member is in arrears for dues, interest, premium
or fines for more than six months, the directors may, at their

Amendment.
1882, 251.

discretion, declare the shares forfeited, after one month’s notice,
if the arrears continue unpaid.

The account of such borrowing-

member shall then be debited with the arrears of interest “ pre­
mium ” and fines to date of forfeiture, and the shares shall be
credited upon the loan at their withdrawing value.

The balance

of the account may, and after six months shall, be enforced


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Federal Reserve Bank of St. Louis

Amendment.
1885, 121, § 4.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

xxxviii

[Jan.

against the securit}', and be recovered as secured debts are
Books o f ac-count. Duties
of treasurer, etc.
18:7, 224, § 14.

recovered at law.
S e c t . 17.
The general accounts of every such corporation
shall be kept by double entry.

A ll moneys received by the

corporation from each member shall be receipted for by persons
designated by the directors, in a pass-book provided by the cor­
poration for the use of, and to be held by, the member; and
said pass-book shall be plainly marked with the name and resi­
dence of the holder thereof, the number of shares held by him,
and the number or designation of the series or issue to which
said shares respectively belong, and the date of the issue of such
series.

A ll moneys so received shall be originally entered b}T

the proper officer in a book to be called the “ cash-book,” to be
provided by the corporation for the purpose, and the entries
therein shall be so made as to show the name of the payer, the
number of shares, the number or designation of the series or
issues of the particular share or shares so entered, together with
the amount of dues, interest, premiums and fines paid thereon,
as the case may be.

Each payment shall be classified and en­

tered in a column devoted to its kind.

Said cash-book shall be

closed after the termination of each stated meeting, and shall
be an exhibit of the receipts o f all moneys paid at said meeting.
A ll payments made by the corporation for any purpose whatso­
ever shall be by order, check or draft upon the treasurer, signed
by the president and secretary, and indorsed by the persons in
whose favor the same are drawn.

The name of the payee, the

amount paid, and the purpose, object or thing for which the
payment is made, together with its date, shall be entered on the
margin of said order, check or draft.

The treasurer shall dis­

pose of and secure the safe keeping of all moneys, securities,
and property of the corporation, in the manner designated by
the by-laws, and the treasurer and secretary shall give such
security for the faithful performance of their respective duties as
Distribution of
profits and
losses.
1881, 271, § 1,

cl. 2.

the bylaw s may direct.
S e c t . 18.
The profits and losses may be distributed annually,
semi-annuall}’ or quarterly, to the shares then existing, but
shall be distributed at least once in each year, and whenever a
new series of shares is to be issued.

Profits and losses shall be

distributed to the various shares existing at the times of such
distribution, in proportion to their value at that time, and shall
be computed upon the basis of a single share fully paid to the
date of distribution.
after their occurrence.


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Federal Reserve Bank of St. Louis

Losses shall be apportioned immediately

1 8 8 7 .]

P U B L IC D O C U M E N T — N o. 8.

A t each periodical distribution of profits the directors shall
reserve as a guaranty fund a sum not less than one nor more
than five per cent, of the net profits accruing since the next

XXXIX

Guarantee
Fund to be
reserved from
profits.
1885, 121.

preceding adjustment, until such fund amounts to five per cent,
of the dues capital, which fund shall thereafter be maintained
and field ; and said fund shall be at all times available to meet
losses in the business o f the corporation from depreciation of its
securities or otherwise.
S ect . 19.

A ny such corporation may purchase at any sale,

public or private, any real estate upon which it may have a

Corporation
may buy and
sell real estate.
1877, 224, § 17.

mortgage, judgment, lien or other incumbrance, or in which it
may have an interest; and may sell, convey, lease or mortgage,
at pleasure, the real estate so purchased to any person or per­
sons whatsoever.

A ll real estate so acquired shall be sold

within five years from the acquisition of title thereto.
S ect. 20.

The commissioners of savings banks shall perform,

in reference to every such corporation, the same duties, and
shall have the same powers, as are required of or given to them
in reference to savings banks, and shall annually make report to
the general court o f such facts and statements respecting such
associations, and in such forms as they deem that the public
interest requires.

Every officer o f such corporation shall answer

truly all inquiries made, and shall make all returns required by
the commissioners.


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Federal Reserve Bank of St. Louis

Powers o f sav­
ings bank
commissioners.
1879, 129, §§ 1, 2.


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Federal Reserve Bank of St. Louis

ABSTRACT

OF ANNUAL

REPORTS

O F TH E

SAYINGS BANKS, TRUST COMPANIES, AND
OO - OPERATIVE BANKS,
S H O W IN G T H E I R

CONDITION AT THE CLOSE OF BUSINESS ON THE


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Federal Reserve Bank of St. Louis

30th OF OCTOBER, 1886.

2

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

ABINGTON SAYINGS BANK)— ABINGTON.
Incorporated 1853.
Z. N. W

h it m a k s h

Number of corporators, 58.

P resid en t.

G e o . A . B e a l , T reasurer.
State m e n t.

*
L ia b il it ie s .

Deposits,
$1,301,829 07
Earnings undivided, .
22,733 07
Guaranty fund, .
35,700 00

A ssets .

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in bank, on interest, .
Insurance account, .
Expense account, .
Suspense account, .
Real estate income account, .
Furniture and fixtures, .
Store fixtures, . . . .
Cash on hand, . . . .

$1,360,262 14

$99,209
143,450
1,400
45,661
56,000
12,069
831,224
123,077

90
00
00
08
00
00
07
00

12,100
20,037
190
48
303
275
2,000
2,300
10,915

00
52
34
55
47
28
00
00
93

$1,360,262 14

Loan on Bank Stock : —
On 20 shares Abington National Bank, .
Invested in real estate (for banking purposes),
Estimated value of the same,
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$1,400 00
$56,000
56,000
12,069
12,100
987
640

00
00
00
00
53
53

Cash on Deposit in Bank: —
National Bank of Redemption, Boston,...........................................................$20,037 52
Whole amount of interest or profits received or earned,
. . . .
$71,31499
Rate and amount of each semi-annual dividend for previous j 2j per cent., f 27,685 93
year,
.
............................................................................J 2| per cent., 1
28,491 95
Times for the dividends, fixed by the by-laws: first Tuesday in April and
October.
Average annual per cent, of dividends for the term ending at time of, and
including last extra dividend : 7-iDate of the last extra dividend: July, 1873.
The total amount of loans, with each specified rate of interest: $78,000,4
per cent.; $247,600, 5 per cent.; $24,000, 5| per cent.; $48,531.51, 5£
per cent.; $569,669.56, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each..............................................................................................................606
Aggregate amount of the same..........................................................................
562,501 00
Amount of investments from which no income is received, . . . .
30,000 00
Number of open a c c o u n ts ,................................................................... 3,221
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,....................................................................................
1,831
276,232 23


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

3

D O C U M E N T — N o. 8.

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y ea r,........................................... 196 $127,255 38
Number and amount of withdrawals,..........................................
1,852
232,947 33
Number of accounts opened the previous year, . . . .
. 430
Number of accounts closed the previous year,
. . . .
. 378
Amount of expenses of the corporation during previous year, .
4,718 20
Amount of treasurer’s bond,...........................................................
20,000 00
Date of examination by commissioner : May 19.
P ublic F un ds .

Par Value.

City and town bonds: —
City of Boston 4s, .
. ' .
of Fall River 6s,
of Holyoke 7s,
of Meriden, Conn., 6s, .
of Portland, Me., 6s,
ot Bangor, Me., 6s, .
of Grand Rapids, Mich., 8s,
Town of Abington, 4Js, .

.

$15,000
25,000
5,000
20,000
7,000
10,000
10,000
4,000
$96,000

Estimated
Market Value.

$15,300
82,515
5,400
21,500
8,750
11,100
12,500
4,050

00
00
00
00
00'
00
00
00

$111,115 00

Amount Invested

$15,000
25,984
5,000
20,000
7,000
10,000
12,225
4,000

00
90
00
00
00
00
00
00

$99,209 90

B an k St o c k .

Abington Nat’l Bank, Abington,
Boston Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
National Eagle Bank, Boston,
Eliot Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Fii’st Nat’l Bank, Adams,
First Nat’l Bank, Danvers,
Globe Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Mount Vernon Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Metropolitan Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Old Colony Nat’l Bank, Plymouth,
Nat’l Bank of the Republic, Boston,
Nat’l Bank of Redemption, Boston,
Second Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .


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Federal Reserve Bank of St. Louis

$15,500
7,400
7,500
1,200
2,500
1,900
5,900
1,500
4.000
2,850
5,000
15,000
5,000
6,800
3,800
10,000
6,000
2,200
3,200
4,500
11,000
5,000
1,000
3,200
4,800
2,000
4,700
$143,450

$9,300
8,972
8,400
1,296
2,953
2,052
7,507
1,503
6,000
3,230
4,750
17,362
6,250
8,109
5,263
14,050
6,780
2,959
4,800
6,232
13,750
7,700
1,017
3,744
4,752
2,000
4,817

00
50
00
00
12
00
75
75
00
00
00
50
00
00
00
00
00
00
00
50
00
00
50
00
00
00
50

$165,552 12

$15,500
7,400
7,500
1,200
2,500
1,900
5,900
1,500
4,000
2,850
5,000
15,000
5,000
6,800
3,800
10,000
6,000
2,200
3,200
4,500
11,000
5,000
1,000
3,200
4,800
2,000
4,700

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$143,450 00

4

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

Railroad Bonds.

Eastern Railroad 6s,
.
Old Colony Railroad 7s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

Par Value.

Estimated
Market Value.

Amount Invested.

$50,000
5,000

$65,400 00
6,062 50

$40,661 08
5,000 00

$55,000

$71,462 50

$45,661 08

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

5

AMHERST SAYINGS BANK — AMHERST.

I

Incorporated 1864. Number of corporators, 13.
E nos F . C o ok , P resident.

S a m u e l C. C a r t e r , Treasurer.
State m e n t.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$985,381 07
28,282 32
28,775 69

Public funds, . . . .
Loan on public funds,
Bank stock,
.
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest,
Deposit in banks, not on inter­
est............................................
Cash on band, . . . .

$1,042,439 08

$91,600
500
191,768
2,700
85.000
15.000
526,910
52,358

00
00
51
00
00
00
00
55

30,700 00
35.000 00
5,000 00
5,902 02
$1,042,439 08

Loan on Public Funds : —
On $500 United States, 4s.......................................................................... ........

$500 00

Loans on bank stock, amount on each : —
On 35 shares First National Bank, Amherst,.
. .
.
.
On 3 shares First National Bank, Northampton, .
.
.
.
.
.
On 4 shares Third National Bank, Springfield,....................
300
Invested in real estate (for banking p u rp o ses),.......................$15,000
Estimated value of the same,.....................................................
15,000
Amount of municipal tax on real estate,
.
.
.
.
.
.
.

.

.$2,10000
30000
00
00
00
113 03

Cash on Deposit in Banks, amount in each: —
Franklin County National Bank, Greenfield,
.
.
..
.
.
.
Holyoke National Bank, Holyoke,.............................................
5,000
5,000
Amherst National Bank, A m h e r s t , .....................................
Springfield Safe Deposit and Trust Company,.
.
.
.
.
.
5,000
First National Bank, A m h e r s t ,.............................................

$10,000 00
00
00
15,00000
00

Whole amount of interest or profits received or earned,
. . . .
$50,38800
Rate and amount of each semi-annual dividend for pre-1 2 per cent, f 17,216 40
vious year, .
. „ ................................................. J 2^ per cent.) 1
20,708 00
Times for the dividends, fixed by the by-laws: January and July.
The total amount of loans, with each specified rate of interest: $10,000, 4
per cent.; $30,700, 4| per cent.; $449,959, 5 per cent.; $16,400, 5^ per
cent; $101,825, 6 per cent.; $4,284, 7 per cent.
Number of outstanding loans which are of an amount not exceeeding
$3,000 each, ...................................................................
. 362
Aggregate amount of the s a m e , ..................................
288,203 00
2,844
Number of open a c c o u n ts ,..........................................
Number and amount of deposits (including dividends) received for previous year, .
.
.
.
.
.
.
.
.
197,385 60


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Federal Reserve Bank of St. Louis

6 '

B A N K C O M M IS S IO N E R S ’ R E P O R T

Number and amount of deposits of and exceeding $300 at any one time,
for the previous year............................................................................... 162
Number and amount of withdrawals,.......................................... 1,666
Number of accounts opened the previous y e a r , ..................................412
Number of accounts closed the previous y e a r , ................................. 345
Amount of expenses of the corporation during previous year,
Amount of treasurer’s bond, .
.
.
.
.
.
.
Date of examination by commissioner: June 22.

[Jan

$106,435 95
148,543 70

2,636 22
5,000 00

P ublic F un d s .
Estimated
Market Value.

City of Bangor, Me., 6s,. .
of Fall River 6s,
of Pawtucket, R. I., 5s,
of Nashua, N. H., 6s,
Town of Rutland, Vt., 4s,
of Clinton 4s,
of Beverly 4s,
District of Columbia 7s, .

.

00
CO
00
00
00
00
00
00

$20,000
8,680
3,000
4,480
20,000
20,000
10,000
5,440

00
00
00
00
00
00
00
GO

«0,000
8,000
3,000
4,000
20,000
20,000
10,000
4,000

$22,000
10,000
3,700
4,480
20,250
20,250
10,575
5,440

$89,000

$96,695 00

$91,600 00

$11,750
17,157
12,700
16,900
23,275
8,296
10,500
13,200
13,500
2,737
1,170
6,250
8,625
,10,720
4,800
1,200
3,125
9,750
Loop
10,500
2,950
8,700

$10,724
17,176
10,800
15,383
13,504
7,943
8,664
12,530
12,703
2.771
1,107
6,160
8,996
10,095
5,120
1,250
3,062
9,575
988
10,450
2,950
8,185

B a n k Sto c k .

First Nat’l Bank, Easthampton,
First Nat’l Bank, Northampton,
Holyoke Nat’l Bank, Holyoke,
Hampshire Co. N’l B’k, Northampton,
Northampton N’l B’k, Northampton,
Conway Nat’l Bank, Conway,.
Crocker Nat’l Bank, Turner’s Falls,
Agawam Nat’l Bank, Springfield, .
Chapin Nat’l Bank, Springfield,
Suffolk Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
First Nat’l Bank, Barre, .
First Nat’l Bank, Palmer,
Nat’l Bank Republic, Boston, .
City Nat’l Bank, Worcester, .
Mechanics’ Nat’l Bank, Worcester,
Citizens’ Nat’l Bank, Worcester,
First Nat’l Bank, Amherst,
First Nat’l Bank, Ware, .
First Nat’l Bank, Norwich, Conn., .
Second Nat’l Bank, Norwich, Conn.,
Thames Nat’l B’k, Norwich, Conn.,
Nat’l Bank of Commerce, New London, C o n n .,.....................................
Berkshire Nat’l Bank, No. Adams,
Franklin Co. Nat’l B’k, Greenfield,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

'

$9,400
12,900
10,000
13,000
13,300
6,800
8,400
10,000
10,000
2,300
1,000
5,000
7,500
8,000
4,000
1,000
2,500
6,500
800
10,000
2,500
6,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
39
00
00
62
00
00
50
50
00
00
50
00
00
00
00
00

3,000
500
8,300

3,660 00
500 00
8,300 00

3,660 00
500 00
7,470 00

$162,700

$211,265 00

$191,768 51

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

7

R a ilr o a d B onds .

Par Value.

New London & Northern R.R. 7s,
Fitchburg Railroad 5s, .
Boston & Revere Beach R.R. 6s,
Boston & Lowell R.R. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$25,000
25.000
25.000
10.000

$31,000
28,000
30,000
10,500

$85,000

$99,500 00

00
00
00
00

Amount Invested.

$25,000
25.000
25.000
10.000

00
00
00
00

$85,000 00

8

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

ANDOVER SAVINGS BANK— ANDOVER.
Incorporated 1834. Number of corporators, 45.
J o h n F. K i m b a l l , T reasurer.

M oses F o s t e r , President.
State m e n t.

A ssets -

L ia b ilit ie s .

$1,691,440 81
Deposits,
66,589 84
Earnings undivided, .
55,000 00
Guaranty fund, .

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loan on bank book,
Deposit in banks, on interest, .
Deposit in banks, not on in­
terest, .................................
Cash on hand............................

$1,813,030 65

$374,100
229,350
500
186,000
8,000
631,689
358,114
200
17,587

00
00
00
00
00
60
46
00
15

5,732 69
1,756 75
$1,813,030 65

Loan on Bank Stock : —
On 6 shares Andover National B a n k , ..................................................................... $500 00
Amount of real estate held by foreclosure,..........................................................$8,000
Assessed value of the s a m e ,...........................................................................
9,000
Amount of income received from the sam e,..................................................
457
Amount of municipal tax on real estate...........................................................
Ill

00
00
73
65

Cash on Deposit in Banks, amount in each : —
Andover National Bank,....................................................................................$8,732 69
Blackstone National Bank, B o s t o n , ...........................................................
14,587 15
Whole amount of interest or profits received or earned,
. . . .
$114,224
Rate and amount of each semi-annual dividend for pre-12£ per cent., f 38,797
vious y e a r , ...................................................................J 2 per cent., 1
32,178
Times for the dividends, fixed by the by-laws: third Wednesday in June
and December.
The total amount of loans, with each specified rate of interest: $195,000,
4 per cent.; $100,000, 4^ per cent.; $149,442.46, 5 per cent.; $34,750, 5^
per cent.; $505,211, 6 per cent.; $6,100, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each,
........................................................................................................ 323
394,357
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,................................................................... 4,417
/
Number and amount of deposits (including dividends) received for pre­
272,491
vious y e a r ,........................................................................... \ •
2,790
Number and amount of deposits of and exceeding $300 at any one time,
89,135
for the previous y e a r ,...............................................................................189
182,229
Number and amount of withdrawals........................................................1,641
Number of accounts opened the previous y e a r , ..................................586
Number of accounts closed the previous y e a r , .....................................309
2,200
Amount of expenses of the corporation during the previous year,
30,000
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : March 27.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

51
76
74

06

50
00
55

00

00

1 8 8 7 .]

P U B L IC

9

D O C U M E N T — No. 8
P ublic F un ds .

United States 4s,
Citv and town bonds : —
City of Bangor, Me.,
of Belfast, Me.,
of Boston,
.
.
.
.
of Chelsea,
.
.
.
.
of Charlestown,
of Cambridge,.
of Dover, N. H.,
of Fall River, .
.
.
.
of Holyoke,
.
of L y n n ,.....................................
of Lowell,
.
.
.
.
of Lewiston, Me., .
Town of Melrose, .
.
.
.
City of Milwaukee, Wis.,
of Norwich, Conn., .
Nashua, N. IT.,
Newburyport, .
.
.
.
Town of Northampton, .
./
City of Portland, Me.,
of Portsmouth, N. H.,
of Salem,
.
.
.
.

Par Value.

Estimated
Market Value.

Amount Invested.

$23,600

$28,000 00

$23,600 00

25,000
17,000
1,000
27,000
2,000
14,000
25,500
11,000
18,000
30,000
6,000
6,000
15,000
5,000
30,000
5,000
20,000
33,000
23,500
33,500
3,000
$374,100

28,000
17,000
1,000
30,000
2,000
15,000
28,000
12,000
20,000
32,500
6,500
6,500
16,000
5,000
33,000
5,500
22,000
37,000
26,000
37,( 00
3,600

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$411,600 00

25,000
17,000
1,000
27,000
2,000
14,000
25,500
11,000
18,000
30,000
6,000
6,000
15,000
5,000
30/00
5,000
20,000
33,000
23,500
33,500
3,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$374,100 00

B an k St o c k .

Andover Nat’l Bank, Andover,
Atlas Nat’l Bank, Boston,
Bay State Nat’l Bank, Lawrence, .
Boylston Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Commonwealth Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Eagle Nat’l Bank, Boston,
Hide and Leather Nat’l B’k,Boston,
Merchants’ Nat’l Bank, Boston,
New England Nat’l Bank, Boston,.
North Nat’l Bank, Boston,
Old Boston Nat’l Bank, .
Republic Nat’l Bank, Boston, .
Revere Nat’ l Bank, Boston,
Security Nat’l Bank, Boston, .
Second Nat’l Bank, Boston,
State Nat’ l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Tremont .Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$30,900
4,000
7,500
2,700
14,700
10,000
15,000
4,500
5,000
10,000
5,000
5,800
4,100
7,850
22,500
26,300
600
11,000
5,200
3,500
1,800
6,000

$40,000
4,500
io,«oo
3,500
16,000
11,000
17,000
4,500
5,500
11,500
7.000
8,000
5,200
8,500
32,000
30,000
1,000
16,500
6,000
4,200
2,000
8,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$30,900
4,000
7,500
2,700
14,700
10,000
15,000
4,500
5,000
10,000
5,000
5,800
4,100
7,850
22,500
26,300
600
11,000
5,200
3,500
1,800
6,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

10

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

B a n k S to ck — Concluded.

Par Value.

Union Nat’l Bank, Weymouth,
Webster Nat’l Bank, Boston, .
Wachusett Nat’l Bank, Fitchburg, .

Estimated
Market Value.

Amount Invested.

$5,000
15,400
5,000

$5,500 00
15,400 00
8,000 00

$5,000 00
15,400 00
5,000 00

$229,350

$280,800 00

$229,350 00

R a il r o a d B onds .

Boston & Maine R.R.,
Boston & Lowell R.R., .
.
Boston & Revere Beach R.R., .
Conn. & Passumpsic Rivers R.R.,
New Bedford R.R., .
.
.
.
Newport & Richford R.R ,
Old Colony R.R.,
.
.
.
.
Worcester & Nashua R.R.,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$50,000
27,000
14,000
50,000
10,000
5,000
25,000
5,000
$186,000

$59,000
30,000
15,000
58,000
11,000
5,500
27,000
5,000

00
00
00
00
00
00
00
00

$210,500 00

$50,000
27,000
14,000
50,000
10,000
5,000
25,000
5,000

00
00
00
00
00
00
00
00

$186,000 00

1 8 8 7 .]

P U B L IC

11

D O C U M E N T — N o. 8.

ARLINGTON FIVE CENTS SAVINGS BANK— ARLINGTON.
Incorporated April 2, 1860.
W

m

Number of corporators, 40.

. G. P e c k , P resid en t.

A b e l R. P r o c t o r , Treasurer.
Statem en t.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Bills payable,* .

A ssets .

$868,256
12,758
21,509
2,500

73
42
61
00

/

$905,024 76

Public funds,............................
Bank stock,
. . . .
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
to w n s,.................................
Deposit in bank, on interest, .
Expense account, .
Tax account, . . . .
Insurance account, .
Cash on hand, . . . .

$97,000
20,200
83,500
20,009
22.831
523,969
40,278

00
00
00
00
70
28
63

69,000
26,617
767
652
29
177

00
49
76
82
80
28

$905,024 76

Invested in real estate (for banking p u rp o ses),............................... $20,000
00
25,000 00
Estimated value of the same, ...........................................................................
Amount of real estate held by foreclosure,.....................................
22,831
70
28,240
00
Assessed value of the s a m e ,.............................................................
Amount of income received from the sam e,..........................................1,991
50
Amount of municipal tax on real e s t a t e , .....................................
1,069
34
Cash on Deposit in Bank : —
Faneuil Hall National Bank, B o s t o n ,.......................................................... $26,617 49
Whole amount of interest or profits received or earned,
. . . .
$15,60164
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f
15,503 27
year...........................................................................................J 2 per cent., 1 16,149 10
Times for the dividends, fixed by the by-laws: first Saturday in January
and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4 1-16.
Date of the last extra dividend: October, 1873.
The total amount of loans, with each specified rate of interest: $26,617.49,
3 per cent.; $23',000, 4 per cent.; $5,000, 4£ per cent.; $ 10,000, 4| per
cent.; $63,087, 5 per cent.; $16,700,5| per cent.; $133,530 71,6 per cent.;
$6,000, 6^ per cent.; $1,000,6J per cent.; $14,860, 7 per cent.; $100, 8 per
cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ................................. ..................................................................290
Aggregate amount of the same..........................................................................
318,307 72
Number of open accounts,
.
.
.
.
.
.
.
2,944

---------------------------------------------------------------- /----------------- ----* B ills P a y a b l e . — This item is money received for a partial release on a mortgage held by
the bank. The bank received it as a special deposit, without interest, and will pay it back to
the mortgagor when he completes a new house on the remainder o f the land.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

12

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

.[Jan.

Number and amount of deposits (including dividends) received for pre­
vious year, .
.
.
.
..................................................
2,743 $211,556 44
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .
..
.
•
.
.
.
. 126
70,417 07
Number and amount of withdrawals, .
.
.
.
.
.
1,442
140,322 73
Number of accounts opened the previous y e a r , .....................................351
Number of accounts closed the previous y e a r , ..................................... 193
Amount of expenses of the corporation during previous year, .
.
.
3,074 16
10,000 00
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner: April 21.

Public Funds.

Par Value.

United States 44-s, .
.
.
.
City of Springfield, Ohio, 5s, .
of Portland, Me., 6s,
of Grand Rapids, Mich., 5s, .
of Lawrence 6s,
of Holvoke 6s,
. . .
of Cleveland, Ohio, 6s, .
of Cleveland, Ohio, 7s, .
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 4s, .
of Milwaukee, Wis., 5s, .
of Des Moines, Iowa, 5s,
Town of Woburn 6s,
Clinton 4s,
. . .
Countv of Hillsborough, N. H., 6 s ,.
District of Columbia 6s, .

$1,000
12,000
20,000
20,000
6.000
5,000
2,000
2,000
3,000
1,000
1,000
1,000
7,000
10,000
3,000
3,000
$97,000

Estimated
Market Value.

$1,115
13,180
24,800
22,870
7,200
6,250
2,405
2,340
3,540
1,010
1,010
1,005
8,120
10,250
3,480
3,840

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$112,415 00

Amount Invested.

$1,000
12,000
20,000
20,000
6,000
5,000
2,000
2,000
3,000
1,000
1,000
1,000
7,000
10,000
3,000
3,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$97,000 00

Bank Stock .
Faneuil Hall Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
North America Nat’l Bank, Boston,
First Ward Nat’l Bank, Boston,
Union Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston, .

$5,000
5.000
3,300
2,500
2,200
1,200
1.000
$20,200

$6,700
5,900
4,570
2,625
2,794
1,656
1,250

00
00
50
00
00
00
00

$5,000
5.000
3,300
2,500
2,200
1,200
1.000

00
00
00
00
00
00
00

$25,495 50

$20,200 00

$23,467 00
22,600 00
11,300 00

$21,000 00
20,000 00
10,000 00

Railroad B onds.
Conn. & Passumpsic Rivers R.R. 7s,
Newport & Richford R.R. 5s, .
Vermont & Massachusetts R.R. 5 s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$21,000
20,000
10,000

1 8 8 6 .]

P U B L IC

D O C U M E N T — N o. 8

13

R a ilr o ad B onds — Concluded.

Par Value.

Boston, Revere B’ch & Lynn R.R. 6s,
Mansfield & Framingham R.R. 7s, .
Eastern R.R. 6s,
. . .
Nashua & Lowell R.R. 6s,
Fitchburg R.R. 6s, .
Worcester & Nashua R.R. 5s, .
Old Colony R.R. 6 s ,.
Boston, Clinton, Fitchburg & New
Bedford R.R. 6s...............................
Salem & Lowell R.R. 6 s,.
Boston, Barre & Gardner R.R. 7s, .
Maine Central R.R. 7s, ,
Lowell & Lawrence R.R. 6s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$ i ,000
6,000
5,500
4,000
2,000
2,000
1,000

$8,190
6,480
7,067
4,480
2,239
2,100
1,120

00
00
50
00
00
00
50

$7,000
6,000
5,500
4,000
2,000
2,000
1,000

00
00
00
00
00
00
00

1,000
1,000
1,000
1,000
1,000

1,140
1,180
1,180
1,270
1,175

00
50
00
00
00

1,000
1,000
1,000
1.000
1,000

00
00
00
00
00

$83,500

$94,989 50

$83,500 00

B A N K C O M M IS S IO N E R S ’ R E P O R T .

14

[Jan

ATHOL SAYINGS BANK— ATHOL.
Incorporated 1867. Number of corporators, 39.
J ohn G. M u d g e , President.

A

lph eu s

H a r d i n g , Treasurer.

St a t e m e n t .

A ssets .

L ia b ilit ie s .

$1,168,780 56
Deposits,
15,638 16
Earnings undivided, .
29,000 00
Guaranty fund, .

**

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest,.
Expense account, .
.
.
Cash on hand, . . . .

$49,000
500
9,800
33,400
40,000
665,050
351,131

00
00
00
00
00
12
00

24,600
38.000
713
1,223

00
00
84
76

$1,213,418 72

$1,213,418 72

Loan on Public Funds : —
On $500 United States 4 s , ........................................................................... $300 00
Loans on Bank Stock, amount on each : —
On 38 shares Athol National Bank, Athol, .
On 18 shares Miller’s River National Bank, Athol,
On 125 shares Home National Bank, Holyoke,
On 53 shares Westminster National Bank, Westminster,
On 100 shares South Reading National Bank, Wakefield,
On 50 shares Commonwealth National Bank, Boston, .

$2,450 00
1,750 00
10,000 00

4,200 00
10,000 00

5,000 00

Cash on Deposit in Banks, amount in each : —
Athol National Bank, Athol, . . .
Lancaster National Bank, Clinton,.
Miller’s River National Bank, Athol,

.

$25,000 00
5.000 00
8.000 00

$55,950 55
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f 21,086 86
21,878 80
y ea r,..................................................................................... 12 percent.,!
Times for the dividends, fixed by the by-laws : January 1 and July 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4£.
Date of the last extra dividend : January 1, 1886.
The total amount of loans, with each specified rate of interest: $8,000, 3
percent.; $168,800, 4 per cent.; $75,000, 4^ per cent.; $61,200, 4^ per
cent.; $65,000, 4| per cent.; $723,698.62, 5 per cent.; $4,500,
per cent.;
$102,582.50, 6 per cent.; $2,700, 9 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 346
308,627 12
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,................................................................... 3,838
Number and amount ofdeposits (including dividends) received for pre­
241,537 58
vious y e a r ,
12,354


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o . 8.

15

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................... 176 $100,838 55
Number and amount of withdrawals,..........................................
1,776
162,014 33
Number of accounts opened the previous y e a r , .....................................557
Number of accounts closed the previous y e a r , .....................................438
Amount of expenses of the corporation during previous year, .
.
.
3,143 55
Amount of treasurer’s bond,...........................................................................
10,000 00
Date of examination by commissioner: April 22.
Public F unds .

Par Value.

United States currency 6s,
City of Portland, Me.. 6s,
of Newton ös..............................
of Meriden, Conn., 6s,
of Lynn 6s,
of Cambridge 6s, .

Estimated
Market Value.

$10,000
5.000
10,000
9.000
10,000
5.000

$13,400
5,025
12,100
9,677
11,525
5,175

$49,000

$56,902 00

00
00
00
00
00
00

Amount Invested.

$10,000
5.000
10,000
9.000
10,000
5.000

00
00
00
00
00
00

$19,000 00

B a n k St o c k .

Blackstone Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Nat’l Eagle Bank, Boston,
Miller’s River Nat’l, Bank, Athol,

.

$1,100
1,000
5,000
2,700
$9,800

$1,232
1,270
5,400
4,725

00
00
00
00

$1,100
1,000
5,000
2,700

00
00
00
00

$12,627 00

$9,800 00

$20,000
20,000

$22,600 00
20,600 00

$20,000 00
20,000 00

$40,000

$43,200 00

$40,000 00

R ailr o ad B onds .

Vermont & Massachusetts R.R. 5s,
Fitchburg R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

16

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

ATTLEBOROUGH SAVINGS BANK — NORTH ATTLEBOROUGH.
Incorporated 1860.

Number of corporators, 59.
E d w a r d R. P r i c e , Treasurer.

A b ie l C o d d in g , P resident.
Statem ent.

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Overdrafts, .

A ssets .

$771,648
7,365
20,700
1,387

00
74
00
28

Bank stock,
. . . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in bank, on interest, .
Expense account,

$801,101 02

$10,100 00
390,514 00
260,435 00
139,300 00
571 19
180 83
$801,101 02

Cash on Deposit in Bank : —
Boston Safe Deposit and Trust Co.,

...........................................................$571 19

Whole amount of interest or profits received or earned,
. . . .
$37,336 67
Rate and amount of each semi-annual dividend for previous 1 2£ per cent., f 16,927 90
y e a r , ................................................................................... i 2 per cent., i
14,288 54
Times for the dividends, fixed by the by-laws : April and October.
The total amount'of loans, with each specified rate of interest: $70,000, 4
per cent.; $25,000, 4^ per cent.; $25,000, 4£ per cent.; $50,000, 4f per
cent.; $91,365, 5 per cent.; $70,000, 5£ per cent.; $448,874, 6 per cent.;
$10,000, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................... 303
Aggregate amount of the same..........................................................................
278,199 00
Number of open a c c o u n ts ,.......................................................... 2,324
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,....................................................................................
2,292 228,770 86
Number and amount of deposits of and exceeding $300 atany one time,
for the previous year, ........................................................................... 165
94,937 70
Number and amount of withdrawals,..........................................
1,532
148,044 89
Number of accounts opened the previous y e a r , .....................................517
Number of accounts closed the previous y e a r , .....................................330
Amount of expenses of the corporation during previousyear, .
.
.
2,332 78
Amount of treasurer’s b o n d ,...........................................................................
20,000 00
Date of examination by commissioner : May 7.
B a n k St o c k .

First Nat’l Bank, Attleborough,
Boston Nat’l Bank, Boston,


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Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$5,100
5,000

$6,275 00
5,750 00

$5,100 00
5,000 00

$10,100

$12,025 00

$10,100 00

1 8 8 7 .]

P U B L IC

17

D O C U M E N T — N o. 8

BARRE SAYINGS BANK — BARRE.
Incorporated May, 1869. Number of corporators, 44.
F r a n k A. R i c h , T reasurer.

C h a r l e s B r im b l e c o m , P resid en t.
State m e n t.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$270,988 33
5,777 63
6,420 00

$5,300
108,274
6,060
61.143
87,424

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s ,.................................
Deposit in bank, on interest, .
Deposit in bank, not on inter­
est,
.................................
Expense account,

00
00
00
67
00

2,000 00
9,000 00
3,684 29
300 00
$283,185 96

$283,185 96

Cash on Deposit in Bank: —
First National Bank, B a r r e ,...........................................................................

$12,684 29

$13,147 28
Whole amount of interest or profits received or earned,
. . . .
5,104 09
Rate and amount of each semi-annual dividend for previous j 2 per cent., f
5,177 47
y e a r , .................................................................................... i 2 per cent., l
Times for the dividends, fixed by the by-laws : January 15 and July 15.
The total amount of loans, with each specified rate of interest: $28,175,
4£ per cent.; $43,700, 5 per cent.; $78,643.67, 6 per cent.; $49, 7 per
cent.
Number of outstanding loans which are of an amount not exceeding
58
$3,000 each..............................................................................
52,092 67
Aggregate amount of the s a m e , .........................................
923
Number of open accounts.........................................................
•
Number and amount of deposits (including dividends) received foi pre451
43,665 74
vious y e a r , ...................................................................................
Number and amount of deposits of and exceeding $300 at any one time,
12,190 37
26
for the previous y e a r ,...................................................................
35,984 58
428
Number and amount of withdrawals,................................. •
114
Number of accounts opened the previous year, . . . .
93
Number of accounts closed the previous year,
. . . .
952 87
Amount of expenses of the corporation during previous year, .
15,000 00
Amount of treasurer’s bon d ,...........................................................
Date of examination by commissioner: June 21.
P ublic F un ds .

Par Value.

City of Terre Haute, Ind., 5 s ,.

$5,000

Estimated
Market Value.

Amount Invested.

$5,300 00

*$5,300 00

* This bank has been notified that this investment is illegal.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

18

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

Ba n k St o c k .

Par Value.

Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Mechanics’ Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, ,
Nat’l Bank of No. America, Boston,
Nat’l Bank of Redemption, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Old Boston Bank, Boston,
Second Nat’l Bank, Boston,
Shoe & Leather Nat’l B’k, Boston, .
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Market Bank, Brighton,
Ware Nat’l Bank, Ware, .
Central Nat’l Bank, Worcester,
Citizens’ Nat’l Bank, Worcester,
City Nat’l Bank, Worcester, .
First Nat’l Bank, Worcester, .
First Nat’l Bank, Barre, .

$1,200
4,200
6,200
2,000
1,700
2,500
4,500
2,800
3,200
2,500
4,600
1,800
2,500
900
3,300
3,500
3,400
2,000
3,000
6,000
5,000
700
5,200
2,100
5,000
2,000
5,500
$87,300

Estimated
Market Value.

$1,434
4,704
7,316
2,660
2,006
3,175
9,450
3,780
4,064
2,625
5,750
2,304
2,975
1,116
3,399
4,200
5,100
2,030
3,315
6,150
6,750
875
7,540
2,730
6,600
3,600
6,050

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$1,452
4,305
7,130
2,260
1,802
2,950
*9,000
3,528
3,616
2,625
5,520
2,088
2,900
1,035
3.333
4,200
5,100
1,900
3,450
6,360
7,050
840
7,280
2,625
6,300
3,300
6,325

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$111,698 00

f$ 108,274 00

$5,000
1,000

$6,425 00
955 00

$5,200 00
860 00

$6,000

$7,380 00

$6,060 00

R a ilr o ad B on ds .

Eastern Railroad 6s,
Rutland Railroad 5s,

.

.

.

* This bank has been notified that this investment exceeds the legal limit.
f Since this return was made, the treasurer reports that bank stock amounting to $10,158 has
been sold, and the bank has been notified that a further reduction is necessary to conform to the
provisions o f the statute.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

P U B L IC

1 8 8 7 .]

19

D O C U M E N T — N o. 8.

BASS RIVER SAVINGS BANK — SOUTH YARMOUTH.
Incorporated April 20, 1874. Number of corporators, 34.
D a v id K e l l e y , P resid en t.

D a v id D . K e l l e y , T reasurer.
St a t e m e n t .

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$425,763 99
591 15
6,441 74
*

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Loans on savings bank books,
Deposit in banks, on interest,.
Loans on mill stock,*
Sagamore Manuf’g Co.,*
Border City Manuf’g Co.,*
Cash on hand, .

$432,796 88

$59,792
300
86,592
1,752
36,150
490
90,438
115,924

85
00
68
30
00
11
64
57

11,000
200
13,221
2,500
5,507
5,454
3,471

00
00
87
00
81
54
51

$432,796 88

Loan on Public Funds : —
On $300 United States 4 s , ........................................................................... $300 00
Loans on Bank Stock, amount on each: —
On 21 shares First National Bank, Y a r m o u t h ,..........................................$1,325 00
On 2 shares First National Bank, Y a r m o u t h , ..........................................f
^
^
On 2 shares Cape Cod National Bank, Harwich,.......................................... 1
On 1 share Cape Cod National Bank, H a r w ic h ,........................................
100 00
Amount of real estate held by foreclosure,........................................................... $490
Assessed value of the sa m e ,...........................................................................
500
Amount of income received from the same,.................................................
2
Amount of municipal tax on real estate..........................................................
6

11
0
96
40

Cash on Deposit in Banks, amount in each: —
Maverick National Bank, Boston,................................................................... $7,369 31
International Trust Company, Boston, ...........................................................
4,589 35
National Bank of the Republic, Boston,
.
.
.
.
.
.
.
1,263 21
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous f 2 per cent
l 2 per cent.,
year,
Times for the dividends, fixed by the by-laws : April 1 and October 1.
The total amount of loans, with each specified rate of interest: $5,600, 4
percent.; $72,800, 4J per cent.; $60,070.61, 5 per cent.; $6,500,5| per
cent.; $18,800, 5J per cent.; $51,241.37, 6 per cent.; $7,103.53, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each ,............................................................................................ 178


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Federal Reserve Bank of St. Louis

* Taken to secure indebtedness.

$16,853 46
7,378 85
7,648 46

20

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

Aggregate amount of the same,
.
..................................$107,155 51
Amount of investments from which no income is received, . ,
.
.
3,760 00
Number of open accounts..................................................................1,537
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................ 812
116,000 36
Number and amount of deposits of and exceeding $300 atany one time,
for the previous y e a r ,..........................................................................
78
50,940 09
60,194 46
Number and amount of withdrawals,................................................ 642
Number of accounts opened the previous y e a r , ..................................215
Number of accounts closed the previous y e a r , ..................................125
Amount of expenses of the corporation during previous year, .
.
.
1,518 90
Amount of treasurer’s b o n d ,...........................................................................
10,000 00
Date of examination by commissioner : August 25.

P ublic F unds.
Estimated
Market Value.
City and town bonds : —
City of Providence, R. I.,
of Columbus, Ohio,
of Boston,
.
.
of Lowell,
.
.
Town of Spencer, .
.
of Beverly, .
.
of Clinton, .
.

.
.
.
.
.

.
.
.
.
.

$10,000
10,000
10,000
8,000
10,000
5,000
5,000

$12,200
10,400
10,650
8,560
10,400
5,250
5,200

00
00
00
00
00
00
00

$58,000

$62,660 00

$11,442
10,000
10,000
8,000
10,350
5,000
5,000

85
00
00
'00
00
00
00

$59,792 85

Bank Stock .
Everett Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Exchange Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Redemption Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Citizens’ Nat’l Bank, New Bedford,
First Nat’l Bank, New Bedford,
First Nat’l Bank, Yarmouth, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$6,800
2,500
1,500
1,300
8,200
7,800
800
700
2,100
5,000
1,000
4,900
5,000
3,000
5,500
5,000
3,000
5,600
2,000
2,400
1,900
$75,000

$6,300
2,975
1,758
1,183
11,357
7,582
896
720
2,268
4,800
1,105
7,850
6,400
3,540
7,370
6,500
3,585
7,812
2,600
3,576
2,432

00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$92,109 50

$6,615
2,750
1,770
1,300
9,429
7,780
800
756
2,205
5,241
1,000
6,738
5,927
3,270
6,765
6,500
3,660
7,280
2,000
2,400
2,405

00
00
00
00
88
00
00
00
00
80
00
00
00
00
00
00
00
00
00
00
00

$86,592 68

1 8 8 7 .]

P U B L IC

21

D O C U M E N T — N o. 8.
R a ilr o ad B on ds ,

Par Value.

Old Colony R.R. 6s,
. . .
Old Colony R.R. 7s,
New Bedford R.R. 7s,
Fitchburg Railroad,
Vermont & Massachusetts R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,000
4,000
3,000
20,000
5,000
$35,000

Estimated
Market Value.

$3,352
4,840
3,361
20,600
5,565

50
00
50
00
00

$37,719 00

Amount Invested.

$3,000
4,000
3,000
20,600
5,550

00
00
00
00
00

$36,150 00

22

[Jan.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

BELMONT SAYINGS BANK — BELMONT.
Incorporated 1885. Number of corporators, 42.
J. V a r n u m F l e t c h e r , P resid en t.

W

in t h r o p

L. C h e n e r y , Treasurer.

State m e n t.

A ssets .

L ia b il it ie s .

Deposits, .
Earnings undivided, .

$15,875 66
263 00

$1,780
1,687
*11,500
960
124
85

Bank stock,
Railroad bonds,
Loans on real estate,
Deposit in bank, on interest,
Expense account, .
Cask on hand, .

87
92
00
17
25
45

$16,138 66

$16,138 66
Cash on Deposit in Bank: —
Faneuil Hall National Bank, B o s t o n ,..................................................

.

Whole amount of interest or profits received or earned,
. . . .
Times for the dividends, fixed by the by-laws: third Wednesday in Jan­
uary and July.
The total amount of loans, with each specified rate of interest: $3,300, 5 per
cent.; $8,200,6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each.................................................................................................................. 7
Aggregate amount of the same,
.
.
.
.
.
.
. .
.
Number of open a c c o u n ts ,................................................................... 155
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,.............................................................................................. 254
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...................................................................
18
Number and amount of withdrawals,................................................. . 1 6
Number of accounts openedthe previous y e a r , ...................................... 161
Number of accounts closed the previous year,
.
.
.
. .
6
Amount of expenses of the corporation during previous year,
. .
.
Amount of treasurer’s bond, .
.
.
................................................
Date of examination by commissioner: June 9.

f$960 17
$263 00

11,500 00

16,570 81
10,870 00
695 15

124 25
5,000 00

B a n k St o c k .

Par Value.

Nat’l Hide and Leather B’k, Boston,
Nat’l Webster Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,

$300
200
300
400
500
$1,700

Estimated
Market Value.

$357
204
300
396
500

Amount Invested.

75
00
75
00
00

$1,758 50

This bank has been notified that these loans exceed the legal limit,
f This bank has been notified that this amount exceeds the legal limit.

*


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$361
214
319
390
495

50
25
50
00
62

$1,780 87

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

23

R ailro ad B onds .

Fitchburg Railroad 5s,
Mansfield & Framingham R.R. 7s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$1,000
500

$1,130 00
540 00

$1,141 67
546 25

$1,500

$1,670 00

$1,687 92

24

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan,

BENJAMIN FRANKLIN SAYINGS BANK — FRANKLIN.
Incorporated Feb. 21, 1871. Number of corporators, 40.
D a v is T h a y e r , J r ., P resid en t.

C h a r l e s W . S t e w a r t , T reasurer.
Statem ent.

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$307,141 34
5,314 33
7,819 47

Public funds, . . . .
Bank stock,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest,.
Profit and loss,
Expense account, .
Suspense account, .
Bank furniture,
Cash on hand, . . . .

$320,275 14

-

Amount of real estate held by foreclosure,.......................................... ' .
Assessed value of the s a m e ,...........................................................................
Amount of income received from the sam e,..................................................
Amount of municipal tax on real e s t a t e , ..................................................

$18,127
45,566
12,031
186,478
33,509

50
77
82
50
00

20,000
1,163
600
546
610
961
679

00
43
00
71
45
18
78

$320,275 14

$ 12,031
14,435
374
223

82
00
00
37

Cash on Deposit in Banks, amount in each : —
Maverick National Bank, Boston,................................................................... $676 46
International Trust Company, Boston,...........................................................
486 97
Whole amount of interest or profits received or earned,
. . . .
$15,106 43
Rate and amount of each semi-annual dividend for previous 12 per cent., f
5,547 78
y e a r , ....................................................................................I 2 per cent., 1
5,651 19
Times for the dividends, fixed by the by-laws: first Monday in January
and July.
The total amount of loans, with each specified rate of interest: $34,000, 4
per cent.; $5,000, 4J per cent; $39,683, 5 per cent.; $2,500, 5J per cent.;
$157,504.50, 6 per cent.; $1,300, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................223
Aggregate amount of the s a m e , ...................................................................
157,487 50
Amount of investments from which no income is received, . . . .
1,372 50
Number of open a c c o u n t s ,..................................................................1,368
Number and amount of deposits (including dividends) received for previous
y e a r , ........................................................................................................996
77,015 06
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 4 2
22,704 02
Number and amount of withdrawals,..........................................
. 624
61,473 91
Number of accounts opened the previous y e a r , ................................... 210
Number of accounts closed the previousy e a r , ..................................... 105
Amount of expenses of the corporation during previous year, .
1 ,2 1 1 68
Amount of treasurer’s bond,...........................................................
10,000 06
Date of examination by commissioner : May 6.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

25

D O C U M E N T — No. 8.
P ublic F un ds .

United States 4s,
City of Bath, Me., bonds,

Par Value.

Estimated
Market Value.

$15,000

$17,250 00

2 ,0 0 0

2 ,0 0 0 00

$16,312 50
1,815 00

$17,000

$19,250 00

$18,127 50

Amount Invested.

B a n k St o c k .

Tremont Nat’l Bank, Boston, .
Hide and Leather Nat’l B’k,Boston,
Howard Nat’l Bank, Boston, .
Washington Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
Columbian Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Franklin Nat’l Bank, Franklin,
Wrentham Nat’l Bank, Wrentham,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,100
900
2,500
2,300
7,000
1,000
1,600
2,700
800
1,400
1,500
3,000
500
7,500
840
$36,640

$3,175
1,071
2,937
2,875
8,890
910
1,984
3,429
812
1,775
1,575
3,750
590
8,625
870

50
00
50
00
00
00
00
00
00
00
00
00
00
00
00

$43,269 00

$3,902
1,032
2,902
3,266
8,887
1,100
1,776
3,456
1,137
1,845
1,680
3,790
620
8,932
1,239

37
75
50
00
50
00
00
00
00
00
00
00
00
65
00

$45,566 77

26

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

BERKSHIRE COUNTY SAYINGS BANK — PITTSFIELD.
Incorporated 1847. Number of corporators, 46.
J u liu s R

ockw ell,

P resid en t.

R ob h r t W . A d a m , Treasurer.
Statem ent.

L ia b ilit ie s .

Public- funds, .
Bank stock,
.
Loans on bank stock,
Railroad bonds,
Loans on railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .
Deposit in Banks, not on inter­
est,
.................................
Expense account,
Premiums,
.
Cash on hand, . . . .

$2,192,073 61

o
o

$2,102,975 25
40,598 ,36
48,500 00

GO
CO
CO

Deposits,
Earnings undivided,
Guaranty fund, .

A ssets .

112,800
9,400
92,500
3,000
3,000
765,127
199,995

00
00
00
00
00
00
00
00

41,000 00
31,858 34
17,047
4,682
39,272
3,891

30
36
50
11

$2,192,073 61

Loans on Bank Stock, amount on each : —
On 85 shares Third National Bank, Pittsfield,
On 10 shares Pittsfield National Bank, Pittsfield, .

$8,500 00
900 00

Loan on Railroad Bonds: —
On $4000 Boston & Albany 7 s , ..........................................

$3,000 00

Amount of real estate held by foreclosure, . .
Assessed value of the sa m e ,..................................
Amount of income received from the same, . .

$3,000 00
3,500 00
73 00

.

.

.

.

Cash on Deposit in Banks, amount in each : —
National Revere Bank, B o s t o n ,..........................................
National Bank of the Republic, Boston,
. . . .
Agricultural National Bank, Pittsfield,..................................
Pittsfield National Bank, Pittsfield..........................................

$25,002
6,855
10,753
6,293

92
42
63
67

Whole amount of interest or profits received or earned,
$110,824 25
Rate and amount of each semi-annual dividend for previous 12 p er cent. |' 37,963 97
y e a r , ................................................................................... .... f 2 per cent, 1' 38,595 91
Times for the dividends, fixed by the by-laws : first Thursday in January
and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 6^.
Date of the last extra dividend : January, 1872.
The total amount of loans, with each specified rate of interest: $21,000, 4
per cent.; $110,050, 5 per cent.; $877,522, 6 per cent ; $10,000, 7 per
cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................
. 241


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Federal Reserve Bank of St. Louis

1 8 8 7 .J

P U B L IC

27

D O C U M E N T — N o. 8.

$252,085 00
Aggregate amount of the s a m e , ..................................................
7,185
Number of open a c c o u n ts ,...........................................................
Number and amount of deposits (including dividends) received for pre6,538
546,107 84
vious yeâr, . . . .
..................................
Number and amount of deposits of and exceeding $300 at any one time,
. 297 157,876 50
for the previous y e a r ,...................................................................
423,374 42
4,735
Number and amount of withdrawals,..........................................
1,283
Number of accounts opened the previous year, . . . .
. 952
Number of accounts closed the previous year,
. . . .
5,839 61
Amount of expenses of the corporation during previous year, .
50,000 00
Amount of treasurer’s b on d ,...........................................................
Date of examination by commissioner : August 20.
P ublic F unds .

Far Value.

United States 4s,
. . .
United States 6s,
. . .
Pittsfield 6 s , .....................................
Pittsfield 7 s , .....................................
Pittsfield 4s,
.
.
.
.
Adams 6s,
.
.
.
.
Charlestown 6s,
. . .
Providence, R. I., 5s,
.
,
Pawtucket, R. I., 5s,
East Providence, R. I., 5s,
Boston 4 s , .....................................
Marlborough 4s,
. . .
Lowell 4s,
.
.
.
.
.
Bath. Me., 6s, .
New Hampshire 6 s,.
West Hartford, Conn., 4s,
Keene, N. H., 4s,
Milwaukee, Wis., 7s,
Columbus, O., 6s,
Spencer, 4 s , .....................................
Dayton, O., 4 s ,.
East Saginaw, Mich., 7 s ,.
Springfield, O., 6s, .
Taunton 4s............................................

Estimated
Market Value.

$215,000 $275,200 00
55,000
69,300 00
15,000
15,400 00
38,000 00
35,000
12,300 00
12,000
10,300 00
10,000
5,300 00
5,000
32,000 00
27,000
23,400 00
20,000
29,000 00
26,500
32,400 00
30,000
81,000 00
75,000
41,000 00
39,000
12,300 00
12,000
12,500 00
10,000
18,000
19,000 00
21,400 00
20,000
11,500 00
10,000
53,000 00
50,000
37,600 00
35,000
95,400 00
90,000
7,350 00
7,000
30,250 00
25,000
29,362 50
27,000
$868,500

Amount Invested.

$232,232
55,000
15,000
35,000
12,000
10,000
5,000
28,000
20,000
27,000
30,000
76,125
39,715
12,000
11,000
18,000
20,000
10,000
50,000
36,750
92,700
7,000
25,000
29,362

02
00
00
00
00
00
00
00
00
00
00
00
20
00
00
00
00
00
00
00
00
00
00
50

$994,262 50
1

$896,884 72

$1,592
3,680
2,380
4,690
5,985
9,520
12,100

$4,100
3,200
2,000
3,500
4,500
6,800
10,000

B a n k St o c k .

Blackstone Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
North Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Boston Nat7l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$4,100
3,200
2,000
3,500
4,500
6,800
10,000

00
00
00
00
00
00
00

00
00
00
00
00
00
00

28

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k Stock — Concluded.

Par Value.

Atlas Nat’l Bank, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Nat’l Eagle Bank, Boston,
Nat’l Hide & Leather B’k, Boston, .
Nat’l Bank of Commerce, Boston, .
Nat’l Bank of the Republic, Boston,
Hadley Falls Nat’l Bank, Holyoke,
Adams Nat’l Bank, North Adams, .
Agricultural Nat’l Bank, Pittsfield,
Pittsfield Nat’l Bank, Pittsfield,
Lee Nat’l Bank, Lee,
First Nat’l Bank, Chicopee,

$ 10,900
12,000
8,000
8,000
2,500
6,000
8,000
2,000
200
3,200
5,500
6,400
6,000
$112,800

Estimated
Market Value.

$13,080
14,880
8,160
8,640
2,975
7,620
11,040
3,000
300
8,000
8,800
8,832
9,000

00
00
00
00
00
00
00
00
00
00
00
00
00

$147,274 00

Amount Invested.

$12,342
12,000
8,000
8,000
2,500
6,000
9,798
2,000
200
3,200
5,500
6,400
6,000

15
00
00
00
00
00
13
00
00
00
00
00
00

$116,040 28

R a ilr o a d B onds .

Worcester & Nashua R.R. 5s,.
Boston, Rev. Beach & Lynn R.R. 6s,
Conn. & Passumpsic Rivers R.R. 7s,
N. Y., N. H. & Hartford R R. 4s,
Vermont & Massachusetts R.R. 5s,

1


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Federal Reserve Bank of St. Louis

$10,000
11,000
21,500
25,000
25,000
$92,500

$10,600
13,000
25,800
28,000
28,000

00
00
00
00
00

$105,400 00

$10,000
12,000
25,460
25,000
27,687

00
00
00
00
50

$100,147 50

1 8 8 7 .]

P U B L IC

29

D O C U M E N T — N o. 8.

BEVERLY SAVINGS BANK — BEVERLY.
Incorporated 1867. Number of corporators, 36.
W

m.

E n d ic o t t , P resident.

R

out.

G. B e n n e t t , Treasurer.

State m e n t.

A ssets .

L iab ilit ies .

Deposits,
Guaranty fund, .
Earnings undivided, .

$911,321 34
18,196 81
5,076 39

$934,594 54

Public funds,- . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in bank, not on inter­
est,
..................................
Expense account,
Premium account, .
Insurance and taxes,
Cash on hand, . . . .

$35,000
215,610
6,200
13.000
20.000
7,656
284,415
244,225

00
00
00
00
00
05
00
00

75,000 00
6,500
166
26,264
383
174

00
67
34
02
46

$934,594 54

Loans on Bank Stock; —
On 63 shares Beverly National B a n k ,...........................................................$6,200

00

Invested in real estate (for banking p u rp o ses),................................................$20,000
Estimated value of the same, .
.
20,000
7,656
Amount of real estate held by foreclosure,..................................................
Assessed value of the s a m e ,...........................................................................
8,100
Amount of income received from the same, ..........................................................
239
Amount of municipal tax on real e s t a t e , ..................................................
357

00
00
05
00
00
21

Cash on Deposit in Bank : —
Beverly National B a n k ,................................................................................... $6,500 00
Whole amount of interest or profits received or earned,
. . . .
$41,645 31
Rate and amount of each semi-annual dividend for previous J 2 per cent,, f 15,629 08
y e a r , ................................................................................... J 2 per cent., 1
16,711 32
Times for the dividends, fixed by the by-laws : fourth Wednesday in April
and October.
The total amount of loans, with each specified rate of interest: $265,000, 4
per cent.; $45,000, 4| per cent.; $2,000, 5 per cent.; $23,100, 5£ per­
cent. ; $274,740, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
. 307
each,
............................................................................................
275,340 00
Aggregate amount of the s a m e , ..................................................
3,171
Number of open a c c o u n t s ,................................. • .
.
.
Number and amount of deposits (including dividends) received for pre268,195 62
8,817
vious y e a r , ....................................................................................
Number and amount of deposits of and exceeding $300 at any one time,
. 176
107,447 69
for the previous y e a r ,...................................................................


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Federal Reserve Bank of St. Louis

30

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan.

Number and amount of withdrawals,.......................................... 2,153 $184,647 24
Number of accounts opened the previous y e a r , ..................................591
Number of accounts closed the previous y e a r , ..................................344
Amount of expenses of the corporation during previous year, .
.
.
2,467 57
Amount of treasurer’s b o n d ,...........................................................................
15,000 00
Date of examination by commissioner: May 21.

P ublic F unds .

Tar Value.

Town of Beverly bonds, .

$35,000

Estimated
Market Value.

Amount Invested.

$37,250 00

$35,000 00

$8,962 50
11,200 00
10,100 00
5,900 00
8,100 00
3,840 00
7,500 00
1,900 00
3,125 00
8,687 00
5,875 00
9,500 00
9,152 00
2,790 00
2,870 00
6,725 00
6,250 00
8,448 50
6,200 00
5,950 00
5,075 00
8,950 50
8,415 00
5,125 00
5,100 00
7,434 00
10,657 50
9,283 25
7,800 00
1,820 00
7,274 25
8,643 00
6,100 00
2,160 00
26,300 00

$7,500 00
10,000 00
10,000 00
5,000 00
7,500 00
3,000 00
7,500 00
2,000 00
2,500 00
7,300 00
5,000 00
10,000 00
8,800 00
2,000 00
2,000 00
5,000 00
5,000 00
6,100 00
5,000 00
5,000 00
5,000 00
8,100 00
8,500 00
5,000 00
5,000 00
5,310 00
8,700 00
7,100 00
6,500 00
1,400 00
5,300 00
6,700 00
5,000 00
1,800 00
20,000 00

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
City Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Exchange Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Hide & Leather Nat'l Bank, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts Nat’l Bank, Boston, .
Merchandise Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather Nat’l Bank, Boston,
Suffolk Nat’ l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
Asiatic Nat’l Bank, Salem,
Exchange Nat’l Bank, Salem,
First Nat’l Bank, Salem, .
Mercantile Nat’l Bank, Salem,
Merchants’ Nat’l Bank. Salem,
Naumkeag Nat’l Bank, Salem,
Salem Nat’l Bank, Salem,
First Nat’l Bank, Lynn, .
Nat’l Grand Bank, Marblehead, ‘ .
Beverly Nat’l Bank, Beverly, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$7,500
10,000
10,000
5,000
7,500
3,000
7,500
2,000
2,500
7,300
5,000
10,000
8,800
2,000
2,000
5,000
5,000
fi,100
5,000
5,000
5,000
8,100
8,500
5,000
5,000
5,310
8,700
7,100
6,500
1,400
5,300
6,700
5,000
1,800
20,000
$215,610

$253,212 50

$215,610 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

31

R a ilr o ad B onds .
Estimated
Market Value.

Amount Invested.

$2,000
11,000

$2,581 00
12,040 00

$2,000 00
11,000 00

$13,000

$15,121 00

$13,000 00

Par Value.

Eastern R . R . , .....................................
Boston & Lowell R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

32

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T .

BOSTON FIVE CENTS SAVINGS BANK — BOSTON.
Incorporated 1854.

Number of corporators, 54.

A l o n zo H . E v a n s , P resident.

C u r t is C. N ic h o l s , T rea surer.
St a t e m e n t .

L ia b ilit ie s .

$13,541,146 20
Deposits,
392,691 21
Earnings undivided, .
349,059 68
Guaranty fund, .

A ssets .

Public funds..............................
Loans on public funds, .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate.................................
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest, .
Expense account, .
Cash on hand, . . . .

$14,282,897 09

$2,844,500
21,400
450,900
113,350
185,000
137,301
15,500
5,969,253
4,350,839

00
00
00
00
00
84
00
11
23

50,000
123,636
261
20,954

00
53
55
83

$14,282,897 09

Loans on Public Funds, amount on each : —
On $7,000 United States 4s................................................
On $3,000 United States 4Js..............................................
On $2,000 City of Cambridge Bonds, . . . .
On $5,000 State of Massachusetts Bonds,
On $5,000 City of Worcester Bonds,
. . . .

$7,000
3,000
1,400
5,000
5,000

00
00
00
00
00

Loans on Bank Stock, amount on each : —
On 146 shares Maverick National Bank, Boston, .
On 30 shares Faneuil Hall National Bank, Boston,
On 35^shares Hide and Leather National Bank, Boston,
On 5 shares Webster National Bank, Boston,
On 26 shares Rockland National Bank, Boston, .
On 200 shares National City Bank, Boston, .
On 70 shares National Union Bank, Fall River, .
On 50 shares Blackstone National Bank, Boston, .
On 150 shares Wamesit National Bank, Lowell, .
On 70 shares City National Bank, Springfield,
On 52 shares First National Bank, Woburn,.
On 25 shares First National Bank, South Weymouth, .
On 60 shares National Security Bank, Boston,
On 200 shares Broadway National Bank, Boston,
On 50 shares Fourth National Bank, Boston,
On 30 shares Exchange National Bank, Boston, .
On 65 shares Wamesit National Bank, Lowell,
Invested in real estate (for banking purposes),
Estimated value of the same, ,
.
.
. . .
Amount of real estate held by foreclosure, .
Assessed value of the s a m e ,..........................................
Amount of income received from the same, .
Amount of municipal tax on real estate,
* This bank has been notified that this loan exceeds the legal limit


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$14,600 00
4,500 00
2,500
*20,000
5,050
4,500
15,000
7,000
5,000
2,200
6,000
16,000
4,000
3,000
4,000

00
00
00
00
00
00
00
00
00
00
00
00
00

$137,301
210,000
15,500
32,500
300
3,335

84
00
00
00
00
64

1 8 8 7 .]

P U B L IC

33

D O C U M E N T — N o. 8

Cash on Deposit in Banks, amount in each : —
.

National Bank of the Commonwealth, Bostqn,
National Security Bank, Boston, .
Maverick National Bank, Boston, .
Merchandise National Bank, Boston,
Blackstone National Bank, Boston,

$13,182
56,356
50,993
2,630
473

53
44
91
10
55

Whole amount of interest or profits received or earned,
. . . .
$663,956 07
Rate and amount of each semi-annual dividend for previous j li| per cent., j ‘207,869 98
y e a r , ....................................................................................J If per cent., 1 213,326 la
Times for the dividends, fixed hv the by-laws: second Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7.
Date of the last extra dividend : April 8, 1874.
The total amount of loans, with each specified rate of interest: $15,000,
215 per cent.; $143,636.53, 3 per cent.; $30,000, 3£ per cent.; $350,000,
3£ per cent.; $350,000,3f per cent.; $150,000,3J per cent.; $2,274,839 23,
4 per cent.; $16,500, 4£ per cent.; $483,000, 41 per cent.; $20,000, 4§ per
cent.; $2,214,076.88,
per cent.; $25,000, 4| per cent.; $440,500, 4^ per
cent.; $2,659,294.69, 5 per cent.; $4,500, 5^ per cent.; $698,625, 5| per
cent.; $760,027, 6 per cent.; $108,950.54,6i per cent.; $48,279, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .................................................. ‘
......................................... 377
Aggregate amount of the s a m e , ...................................................................
664,089 56
Number of open a c c o u n ts ,................................. ........
•
• 93,651
Number and amount of deposits (including dividends) received for previous
y e a r , ............................................................................................
83,034 4,326,130 48
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...................................................................
2,576 1,435,470 48
Number and amount of withdrawals,..........................................
53,424 3,447,300 68
Number of accounts opened the previous year, . . . .
10,411
Number of accounts closed the previous year, . . . .
2,323
Amount of expenses of the corporation during previous year, .
.
.
34,969 13
Amount of treasurer’s bond,..........................................
25,000 00
Date of examination by commissioner: November 26.
P ublic F un d s .

Par Value.

United States 6s,
.
District of Columbia,
State of Maine,
.
.
.
City of Chelsea,
.
.
.
of Boston,
.
.
.
of Sal em, .
.
.
.
of Somerville, .
.
.
of Lowell,
.
.
.
of Keene, N. H.,
of Columbus, Ohio,.
of Biddeford, Me., .
of Cleveland, Ohio,.
of East Saginaw, Mich., .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.
.
.
.
.

$200,000
116,000
50,000
65,000
872,000
100,000
78,000
5,000
100,000
80,000
50,000
355,000
45,500

Estimated
Market Value.

$266,000
124,670
52,500
68,500
911,440
108,000
82,680
5,250
102,000
80,700
50,500
363,650
45,900

00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$200,000
116,000
50,000
65,000
872,000
100,000
78,000
5,000
100,000
80,000
50,000
355,000
45,500

00
00
00
00
00
00
00
00
00
00
00
00
00

34

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan

Public F unds — Concluded.

Par Value.

City of
of
of
of

Newton,
.
.
.
.
Brockton, .
.
.
.
Holyoke,
.
.
.
.
Lynn, .....................................

County and town bonds :
Town of Fitchburg,
of Everett..................................
of Danvers, .
.
.
.
of Woburn, .
.
.
.
of Malden, .
.
.
.
of Montague,
of Norwich, Conn.,
of Natick,
.
.
.
.
of Brookline,
of Claremont, N. H.,
of North Attleborough,
of Beverly, .
.
.
.
of Spencer, .
.
.
.
Carroll County, N. H.,

Estimated
Market Value.

Amount Invested-

$75,000
41,000
50,000
35,000

$75,000
41,000
50,000
35,000

00
00
00
00

$75,000
41,000
50,000
35,000

00
00
00
00

100,000
50,000
63,000
22,000
20,000
5,000
60,000
10,000
50,000
9,000
72,000
21,000
5,000
40,000-

106,000
53,500
66,150
22,000
20,200
5,000
61,200
10,000
53,000
9,270
73,440
21,420
5,100
40,800

00
00
00
00
00
00
00
00
00
00
00
00
00
00

100,000
50,000
63,000
22,000
20,000
5,000
60,000
10,000
50,000
9,000
72,000
21,000
5,000
40,000

0000
00
00
00
00
00
00
00
00
00
00
00
00

$2,844,500 $3,009,870 00 $2,844,500 00

B a n k St o c k .

Third Nat’l Bank, Springfield,
Boston Nat’l Bank, Boston,
Nat’l Hide & Leather B’k, Boston, .
Nat’l B’k of the Republic, Boston, .
Second Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Rockland Nat’l Bank, Boston,.
Washington Nat’l Bank, Boston,
Howard Nat l Bank, Boston, .
Revere Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Webster Nat’ l Bank, Boston, .
Nat’l B’k of Commonwealth, Boston,
Nat’l Bank of Commerce, Boston, .
Nat’l Eagle Bank, Boston,
Merchandise Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
15,000
32,500
15,000
12,000
25,000
41,100
22,500
10,000
39,500
10,000
20,000
15,000
22,300
22,500
4,700
14,500
28,000
12,400
10,000
10,000
1,700
10,000
5,000
10,000

$17,500
17,850
38,025
20,250
18,000
51,250
45,210
25,200
11,700
42,265
11,400
27,000
18,750
26,091
27,675
6,580
14,790
35,000
15,748
10,800
10,500
2,261
12,700
5,850
12,300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$10,000 OO
15,000 00
32,500 00
15,000 00
12,000 00
25,000 00
41,100 00
22,500 00
10,00 > 00
39,500 00
10,000 00
20,000 00
15,000 00
22,300 00
22,500 00
4,700 00
14,500 00
28,000 00
12,400 00
10,000 00
10,000 00
1,700 00
10,000 00
5,000 00
10,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

35

B a n k Stock — Concluded.

Par Value.

Exchange Natl Bank, Boston,
Natl City Bank, Boston, .
Natl Bank of Redemption, Boston,
First Natl Bank, Marlborough,

$10,100
6,700
5,400
10,000
$450,900

Estimated
Market Value.

$13,130
7,085
6,750
10,000

00
00
00
00

Amount Invested.

$10,100
6,700
5,400
10,000

00
00
00
00

$561,610 00

$450,900 00

$140,000
25,000
5.000
6.000
9,000

$179,200
28,125
5,750
6,780
10,260

$140,000
25,000
5.000
6.000
9,000

$135,000

$230,115 00

R a ilr o a d B onds .

Eastern R . R . , .....................................
Boston & Albany R.R., .
Fitchburg R.R.,
.
.
.
.
Boston, Clinton & Fitchburg R.R., .
Boston & Maine R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00

00
00
00
00
00

$185,000 OO

36

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

BOSTON PENNY SAYINGS BANK — BOSTON.
Incorporated 1864. Number of corporators, 100.
G e o r g e W. P o p e , P resid en t.

H e n r y R. R e y n o l d s , Treasurer.
State m e n t.

L ia b il it ie s .

Deposits, .
.
.
Earnings undivided, .
Guaranty fund, .

A ssets .

$956,463 21
16,014 29
22,638 34

Bank stock,
. . . .
Loans on bank stock,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in bank, on interest, .
Expense account, .
Accrued interest,
Cash on hand, . . . .

$103,690
5,500
115,000
3,849
580,100
157,500
15,438
403
11,419
2,215

$995,115 84

50
00
00
20
00
00
55
10
35
14

$995,115 84

Loans on Bank Stock amount on each : —
On 5 shares Mechanics’ National Bank, Boston,..................................
On 58 shares Fourth National Bank, Boston,

.

Invested in real estate (for banking purposes),
Estimated value of the same, . . . .
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of municipal tax on real estate,

$500 00
5,000 00
$115,000 00
100,000 00

3,849 20
3,200 00
1,049 02

Cash on Deposit in Bank : —
Mount Vernon National Bank, Boston,...........................................................

$15,438 55

Whole amount of interest or profits received or earned,
.
.
.
.
Rate and amount of each semi-annual dividend for previous f 2 per cent.,
y e a r , ....................................................................................(2 per cent.,
Times for the dividends, fixed by the by-laws : April and October.
The total amount of loans, with each specified rate of interest: $60,000, 4
per cent.; $25,000, 4^ per cent.; $124,600, 4£ per cent.; $429,950, 5 per
. cent.; $13,000, 5£ per cent.; $74,600, 6 per cent.; $15,950, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,...........................................................................................48
Aggregate amount of the s a m e , ...................................................................
Amount of investments from which no income is received, . . . .
Number of open a c c o u n ts ,...........................................................6,203
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,...........................................................................
7,544
Number and amount of deposits of and exceeding $300 at i
one time,
for the previous year, ...........................................................
. 192
Number and amount of withdrawals,.................................
4,339
Number of accounts opened the previous year,
. 934
Number of accounts closed the previous year,
. 752
Amount of expenses of the corporation during previous year,
Amount of treasurer’s bond, .
.
.
.
.
.
.
Date of examination by commissioner: February 3.

$42,281 71
16,701 29
17,551 18


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

81,100 00
3,849 20

334,578 82
100,812 21
253,995 41

5,561 61
10,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

37

B a n k St o c k .
Estimated
Market Value.

Par Value.

Everett Nat’l Bank, Boston, .
Nat’l Hide & Leather B’k, Boston, .
Nat’l B’k of No. America, Boston, .
Atlas Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
Atlantic Nat’l Bank, Boston, .
State Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Commerce Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

115,000
10,000
5,000
5,000
5,000
2,500
5,000
5,000
4,100
4,800
4,200
1,100
7,000
5,000
3,700

$15,000
11,925
5,250
6,012
4,800
3,512
5,500
6,062
4,202
4,920
5,607
1,287
14,840
5,787
4,699

$82,400

00
00
00
50
00
50
00
50
50
00
00
00
00
50
00

$99,405 50
'

Amount Invested.

$16,725
11,550
5,525
6,300
5,325
3,600
5,175
6,050
5,084
5,448
6,384
1,402
14,210
6,250
4,662

00
00
00
00
00
00
00
00
00
00
00
50
00
00
00

$103,690 50

38

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

BRAINTREE SAYINGS BANK — SOUTH BRAINTREE.
Incorporated March 21, 1870. Number of corporators, 35.
B e n j a m in F. D y e r , P resid en t.

C. H. H o b a r t , T reasurer.
Sta te m e n t.

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$133,038 74
3,541 80
2,345 60

Public funds..............................
Bank stock,
. . . .
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Deposit in bank, on interest, .
Expense account, .
Premium account, .

$13,000
31,617
17,000
69,862
450
6,479
17
500

00
24
00
00
00
22
68
00

$138,926 14

$138,926 14
Cash on Deposit in Bank : —

Shawmut National Bank, Boston,...................................................................$6,479 22
Whole amount of interest or profits received or earned,
.
.
.
.
$6,248 06
Rate and amount of each semi-annual dividend for previous f 2 percent.,1
2,400 05
y e a r , ....................................................................................(2 per cent., i
2,449 57
Times for the dividends, fixed by the by-laws : January 1 and July 1.
The total amount of loans, with each specified rate of interest: $10,400, 5
per cent.; $53,552, 6 per cent.; $800, 6^ per cent.; $5,560, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each..............................................................................................71
Aggregate amount of the s a m e , ...................................................................
66,812 00
Number of open a c c o u n ts ,................................................................... 501
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................ 387
32,834 38
Number and amount of deposits of and exceeding $300 atany one time,
for the previous y e a r ,......................................................................... 21
11,115 04
Number and amount of withdrawals.................................................. 217
22,743 07
Number of accounts opened the previous y e a r , ................................73
Number of accounts closed the previous y e a r , ................................50
Amount of expenses of the corporation during previous year, .
.
.
344 50
Amount of treasurer’s b o n d ,...........................................................................
5,000 00
Date of examination by commissioner: June 28.
P ublic F un ds .

! Par Value.

City of New Bedford 5s, .
of Fall River 6s,
of Boston 6s, .
of Worcester 4|s,
of Manchester, N. H., 4s,
Town of Brookline 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3 000

Tooo

2’,000
2,000
2,000
3,000
$13,000

Estimated
Market Value.

$3 480
3*180
2,360
2,300
2,140
3,450

00
00
00
00
00
00

$14,910 00

Amount Invested.

$3,000
1,000
2,000
2,000
2,000
3,000

00
00
00
00
00
00

$13,000 00

1 8 8 7 .]

P U B L IC

39

D O C U M E N T — N o. 8
Bank

St o c k .

Par Value.

Merchants’ Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
State Nat’l Bank, Boston,
No. America Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Commonwealth Nat’l B’k, Boston, .
Hide & Leather Nat’l B’k, Boston, .
Merchandise Nat’l Bank, Boston, .
Freeman Nat’l Bank, Boston, .
Shoe & Leather Nat’l B’k, Boston, .
Mt. Vernon Nat’l Bank, Boston,
Brockton Nat’l Bank, Brockton,
Union Nat’l Bank, Weymouth,
Union MarketNat’l B’k, Watertown,

$700
3,100
2,000
1,500
1,000
2,000
1,800
1,000
1,300
800
2,500
3,300
2,500
2,200
1,600
$27,300

R a il r o a d

Newport & Richford R.R. 5s, .
Fitchburg R.R. 5s, .
Conn. & Passumpsic Rivers R.R. 7s,
Vermont & Massachusetts R.R. 5 s ,.

Estimated
Market Value.

Amount Invested.

$976
3,472
1,920
1,755
1 050
2,380
2,124
1,190
1,352
800
2,537
4,570
2,800
2,464
2,224

$920
3 295
2,096
1,616
1,138
2,498
1,982
1,150
1,472
1,002
2,825
*4,499
2,609
2,591
1,920

50
00
00
00
00
00
00
00
00
00
50
50
00
00
00

$31,615 50

$31,617 24

B onds.

$5,000
2,000
5.000
5.000
$17,000

$5,650
2,250
5,875
5,650

00
00
00
00

$19,425 00

$5,000
2,000
5.000
5.000

00
00
00
00

$17,000 00

* This bank has been notified that this investment exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

50
37
25
25
75
75
25
00
25
00
00
00
37
50
00

40

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

BRIDGEWATER SAYINGS BANK — BRIDGEWATER.
Incorporated March 19, 1872. Number of corporators, 18.
S a m u e l P. G a t e s , T reasurer.

S p e n c e r L e o n a r d , P resid en t.
State m e n t.

A ssets .

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Profit and loss, .
Suspense account,

$316,986
2,302
9,410
450
31

14
43
00
00
00

$13,000
46,519
1,200
24,000
5,450
156,577
58,934

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
towns......................................
Deposit in banks, on interest, .
Cash on hand, . . . .

0»
50'
00
00
00
00
30

6,800 00
11,713 12
4,985 65
$329,179 57

$329,179 57

Loans on Bank Stock, amount on each : —
On 2 shares Plymouth National Bank, Plymouth,
On 3 shares Blackstone National Bank, Boston, .
On 3 shares Eliot National Bank, Boston,
On 3 shares Webster National Bank, Boston,
On 1 share Bristol County National Bank, Taunton,
On 10 shares Andover National Bank, Andover, .
Invested ip real estate (for banking purposes),
Estimated value of the same,..................................
Amount of municipal tax on real estate,

$100 00

1
I

950 00

J
150 00
$5,450 00
5,500 00
53 50

Cash on Deposit in Bank : —
First National Bank, Boston,..................................

$11,713 12

Whole amount of interest or profits received or earned,
. . . .
$16,640 85
Rate and amount of each semi-annual dividend for previous} 2 per cent., 1
5,497 17
y e a r , ................................................................... ........
. 1 2 per cent., I
5,885 86
Times for the dividends, fixed by the by-laws : April 1 and October 1.
The total amount of loans, with each specified rate of interest: $5,200,4 per
cent.; $10,000, 4J per cent.; $5,000, 4£ per cent.; $19,600, 5 per cent.;
$179,136 30, 6 per cent.; $3,325, 7 per cent.; $200, 8 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each,
........................................................................................................ 139
Aggregate amount of the s a m e , ...................................................................
142,161 30'
Number of open a c c o u n ts ,................................................................... 1,127
Number and amount of deposits (including dividends) received for previous
y e a r , .......................................................................................................... 935
105,25517
Number and amount of deposits of and exceeding $300 at any one time,
46,501 57
for the previous y e a r ,...................................................
78
Number and amount of withdrawals,......................................................793
74,349 07
Number of accounts opened the previous y e a r , ..................................179
Number of accounts closed the previous y e a r , ......................................125


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

• P U B L IC

D O C U M E N T — N o. 8.

41

Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b on d ,...........................................................................
Date of examination by commissioner : August 5.

$867 48
10,000 00

P ublic Funds
Estimated
Market Value.

Amount Invested.

$2,000
6,000
5,000

$2,560 00
7,500 00
6,100 00

$2,000 00
6,000 00
5,000 00

$13,000

$16,160 00

13,000 00

Par Value.

United States 4s,
.
City of Fall River 6s,
of Boston 5s, .

.

.,

B a n k St o c k .

Blackstone Nat’l Bank, Boston,
Blue Hill Nat’l Bank, Milton, .
Boylston Nat’l Bank, Boston, .
Eagle Nat’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Globe Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Rockland Nat’l Bank, Boston,
Security Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Washington Nat’l Bank, Boston,
Brockton Nat’l Bank, Brockton,
Home Nat’l Bank, Brockton, .
Bristol County Nat’l Bank, Taunton,
Abington Nat’l Bank, Abington,

$7,000
2,500
1,500
2,000
2,500
2,000
1,000
1,000
2,000
1,000
3,000
2,000
600
2,400
1,000
3,000
2,200
3,600
2,500
$42,800

$7,840
2,875
1,995
2,160
2,750
2,005
1,362
950
2,315
1,405
3,750
2,700
1,071
2,862
1,250
3,450
2,640
5,580
1,500

00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00

$50,460 50

$7,000
2,500
1,500
2,000
2,500
2,000
1,000
1,000
2,000
1,000
3,000
2,770
1,042
2,400
1,000
3,000
2,200
6,107
2,500

00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00

$46,519 50

R ailr o ad B onds .

Boston & Maine R.R.,
Boston,Revere Beach & Lynn R.R.,
Old Colonv R.R....................................
Fitchburg R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
3,000
10,000
10,000
$24,000

$1,185
3,540
11,650
11,100

00
00
00
00

$27,475 00

$1,000
3,000
10,000
10,000

00
00
00
00

$24,000 00

42

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

BRIGHTON FIVE CENTS SAYINGS BANK — BOSTON.
Incorporated 1861.

Number of corporators, 98.

N. W a r r e n S a n b o r n , P resid en t.

B e l a S. F i s k e , Treasurer.
State m e n t.

L iab ilities .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$223,496 63
12,298 32
5,600 00

Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, ,
Deposit in banks, on interest, .
Expense account,
Cash on hand, .
.

$43,203
1,293
24,126
137,101
19.000
15,569
540
559

$241,394 95

13
75
87
37
00
97
65
21

$241,394 95

Amount of real estate held by foreclosure, .
Assessed value of the s a m e ,...........................................................................
Amount of income received from the sa m e ,..................................................
Amount of municipal tax on real e s t a t e , ..................................................

$24,126
19,400
1,587
243

87
00
17
14

Cash on Deposit in Bank : —
National Market Bank, Brighton,

. * $15,569 97

Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous f 2 per cent.,
y e a r , ....................................................................................1 2 per cent.,.
Times for the dividends, fixed by the by-laws : first Saturday in January
and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 4.
Date of the last extra dividend: 1876.
The total amount of loans, with each specified rate of interest: $12,000, 5£
per cent.; $110,826.37, 6 per cent.; $8,275, 6£ per cent.; $3,900, 7 per
cent.; $2,000, 7 ^ per cent.; $100, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each, .
.
.
•
..........................................
. 56
Aggregate amount of the s a m e , ..........................................
Amount of investments from which no income is received, .
Number of open accounts..................................................................
1,058
Number and amount of deposits (including dividends) received for previous y e a r , ....................................................................................
. 508
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .
.
...................................................
. 27
Number and amount of withdrawals,..................................
. 641
Number of accounts opened the previous year, .
.
.
.
. 267
Number of accounts closed the previous year,
.
.
.
.
. 161
Amount of expenses of the corporation during previous year,
Amount of treasurer’s bond, .
.
.
.
Date of examination by commissioner : March 19.

11,414 48
3,650 54
3,708 04

71,001 37
3,000 00

66,087 82
16,309 37
31,656 36

1,874 92
10,000 00

* The excess of this amount over o per cent, of deposits is only temporary, loans amounting
to $7,000 having been negotiated but not completed.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

43

D O C U M E N T — N o. 8
B a n k St o c k .

Par Value.

Nat’l Market Bank, Brighton,
Nat’l Webster Bank, Boston, .
Old Boston Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Metropolitan Nat’l B’k, Boston,
Eliot Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Lincoln Nat’l Bank, Boston, .
Shoe and Leather Nat’l B’k, Boston,
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Revere Nat’ l Bank, Boston,
Central Nat’l Bank, Boston, .
First Nat’l Bank, Lynn, .
Union Market Nat’l B’k, Watertown,

$3,000
4,500
1,550
2,500
2,500
2,300
2,100
1,900
1,800
1,500
1,500
1,500
1,300
1,200
1,200
1,000
1,000
1,000
1,000
1,000
500
500
500
400
$37,250

Estimated
Market Value.

$1,200
4.725
1,922
2,725
2,500
2,300
2,478
1,957
2,124
1,890
2,085
1,650
1,365
1,308
1,597
1,252
1,400
1,200
1,180
1,200
590
545
600
500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
50
00
00
00
00
00
00
00
00

Amount Invested.

$4,500
4,500
1,922
2,755
2,500
2,830
2,359
2,151
1,800
1,732
1,635
1,650
1,300
1,200
1,597
1,252
1,400
1,208
1,132
1,200
585
1,000
591
400

00
00
00
00
00
00
25
75
00
50
00
00
00
00
50
50
00
25
50
00
00
00
88
00

$43.294 00

$43,203 13

$1,250 00

$1,293 75

R ailr o ad B onds .

Boston & Maine R.R. 7s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000

44

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

BRISTOL COUNTY SAYINGS B AN K -T A U N T O N .
Incorporated 1846.
J o se p h E. W

il b a r ,

Number of corporators, 113.
A. C. P e a c e , Treasurer.

P resid en t.
St a t e m e n t .

L ia b ilit ie s .

A ssets .

Deposits,
.
$3,161,749 28
18,365 67
Earnings undivided, .
Guaranty fund, .
94,000 00
Suspense account,
27 35

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on bank books,
Real estate.................................
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, oil interest, .
Expense account,
Granite Mill, F. R., stock,
Cash on hand, . . . .

$3,274,142 30

$506,000
1,000
341,400
625
165,000
2,105
25.000
1,303,778
838,878
60.000

00
00
00
00
00
00
00
51
95
00

18,947
459
* 9,500
1,447

03
88
00
93

$3,274,142 30

Loan on Public Funds : —
O

r—
S

O

On $1,000 United States 4 ^ s ..................................................

00

Loans on Bank Stock, amount on each : —
On 4 shares Bristol County National Bank, Taunton, .
On 4 shares Taunton National Bank, Taunton,
On 2 shares Machinists’ National Bank, Taunton,

O
o
‘o'

CM

Invested in real estate (for banking purposes),
Estimated value of the same,..................................................
Amount of municipal tax bn real estate,
. . . .

$375 00
150 00
100 00
00
30,000 00
627 22

Cash on Deposit in Banks, amount in each : —
Bristol County National Bank, Taunton,
. . . .
Maverick National Bank, Boston,..........................................

$2,396 63
16,550 40

Whole amount of interest or profits received or earned,
$161,682 92
Rate and amount of each semi-annual dividend for previous f 2 per cent., ] 58,305 42
y e a r , ................................................................................... t 2 per cent., i 60,194 99
Times for the dividends, fixed by the by-laws : April 1 and October 1.
The total amount of loans, with each specified rate of interest: $60,000 3|
per cent.; $194,000, 4 per cent.; $55,000, 4£ per cent.: $85,000, 4| per
cent.; $40,000, \\ per cent.; $53,000 4f per cent.; $302,775, 5 per cent.;
$37,500, 5^ per cent.; $103,300, 5^ per cent.; $1,255,812.46, 6 per cent.;
$20,000, 6^ per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 ea ch ,.......................................... .........................................
1,045 00
Aggregate amount of the s a m e , ...................................................................
995,809 46


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Taken to secure indebtedness.

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

45

Number of open a c c o u n t s ,...........................................................8,766
Number and amount of deposits (including dividends) received for pre­
vious year,
.
...................................................................
6,753 $668,004 17
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r,..................................................
419
276,825 34
Number and amount of withdrawals,..........................................
5,116
506,513 69
Number of accounts opened the previous year, . . . .
1,225
Number of accounts closed during the previous year, . . . .
897
Amount of expenses of the corporation during previous year, .
.
.
6,462 69
Amount of treasurer’s bond...............................................................................
20,000 00
Date of examination by commissioner; June 8.
P ublic F un ds .

Par Value.

United States 4s,
. . .
Unite'd States 4^s, .
.
.
.
State of New Hampshire,
City of Taunton,
.
.
.
.
of Providence, R. I.,
of Brockton, .
.
.
.
of New Bedford,
of Somerville, .
.
.
.
of L y n n ,.....................................
of Cleveland, Ohio,.
of Columbus, Ohio, .
of Dayton, Ohio,
of Portsmouth, N. H.,
of Dover, N. H ,
of Newport, R. I., .
of Boston,
.
.
.
.
of Cambri dge, .
.
.
.
of Fall River, .
.
.
.
of Lowell,
.
.
.
.
of Worcester, .
.
.
.
of Springfield, .
.
.
.
Town of Rockland, .
.
.
.
of Pawtucket, R. I ,

$50,000
50,000
10,000
50,000
50,000
50,000
20,000
20,000
20,000
20,000
20,000
20,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
6,000
20,000
20,000
$506,000

Estimated
Market Value.

$61,500
55,000
11,600
51,000
56,000
51,500
22,200
21,200
21,200
20,800
20,600
20,600
10,900
11,400
10,400
11,400
10,700
11,000
10,600
10,000
7,000
21,400
20,800

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$548,800 00

Amount Invested.

$50,000
50,000
10,000
50,000
50,000
50,000
20,000
20,000
20,000
20,000
20,000
20,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
6,000
20,000
20,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$506,000 00

B a n k St o c k .

Machinists’ Nat’l Bank, Taunton, .
Bristol County Nat’l B’k, Taunton,.
Taunton Nat’l Bank, Taunton,
Nat’l Bank of Fairhaven,
Third Nat’l Bank, Springfield,
Atlantic Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
First Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$16,200
7,800
6,400
2,000
10,000
10,000
10,000
10,000
10,000

$26,730
11,700
10,110
2,000
18,000
13,300
12,000
10,000
21,000

00
00
00
00
00
00
00
00
00

$26,700
11,300
9,900
2,000
17,000
13,000
11,500
10,000
20,000

00
00
00
00
00
00
00
00
00

46

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k Stock — Concluded.

Par Value.

Hamilton Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Nat’l Bank of Redemption, Boston,
Nal’l Exchange Bank, Boston,
Nat’l Union Bank. Boston,
North Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Nat’l B’k of the Republic, Boston, .
Nat’l Eagle Bank, Boston,
Metropolitan Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Mt. Vei-non Nat’l Bank, Boston,
Nat’l Hide & Leather B’k, Boston, .
Rockland Nat’l Bank, Boston,
People’s Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Washington Nat’l Bank, Boston, .

$10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
15,000
6,600
6,600
6,000
5,900
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
2,500
2,500
2,000
1,900
$261,400

Estimated
Market Value.

$12,400
12,500
12,400
13,100
13,800
13,300
11,600
15,200
21,150
9,000
7,060
6,720
7,080
6,600
6,200
5,000
5,750
6,800
5.900
6,700
7,650
5,850
5,100
3,150
2,600
2,700
2,330

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$352,480 00

Amount Invested.

$12,000
12,000
12,000
13,000
13,500
13,000
11,500
14,500
21,000
8,600
6,600
6,500
6,900
6,000
6,000
5,000
5,500
6,500
5,500
6,500
7,500
5,500
5,000
3,000
2,500
2,500
1,900

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$341,400 00

R a ilr o ad B onds .

Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Fitchburg R.R. 5s, .
Vermont & Massachusetts R.R. 5 s ,.
Boston & Albany R.R. 6s and 7s, .
Worcester, Nashua & Rochester,
R.R. 4s,..............................................
Boston. Rev. Beach & Lynn R.R. 6s,
Old Colony R.R. 6s and 7s,
Boston & Lowell R.R. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$50,000
20,000
20,000
20,000

$53,000
21,000
21,000
22,200

00
00
00
00

$50,000
20,000
20,000
20,000

00
00
00
00

20,000
15,000
10,000
10,000

21,200
15,750
11,600
10,200

00
00
00
00

20,000
15,000
10,000
10,000

00
00
00
00

$165,000

$175,950 00

$165,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

47

BROADWAY SAYINGS BANK — LAWRENCE.
Incorporated 1872. Number of corporators, 23.
G il b e r t E. H o od , T reasurer.

J o h n F a l l o n , P resid en t.
S tatem ent.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Balance of Smith fund,

A ssets .

$732.078
5,556
20,500
23,355

-54
23
00
80

$781,490 57

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in bank, on interest, .
Deposit in bank, not on inter­
est,
..................................
Cash on hand, . . . .

$150,000
1,000
127,900
47,080
224,556
195,041
30,500

00
00
00
00
OO
29
00

5,000 00
413 28
$781,490 57

Loan on Public Funds: —
On $1,000 City of Lawrence Water B o n d s,.................................................. $1,000 00
Amount of real estate held by foreclosure,.................................................. $47,080 00
Assessed value of the same................................................................................ -57,200 00
Amount of income received from the same, .
.
.
.
.
.
.
3,940 18
Amount of municipal tax on real e s t a t e , ..................................................
789 85
Cash on Deposit in Bank : —
Lawrence National Bank,

$35,-500 00

Whole amount of interest or profits received or earned,
. . . .
$38,822 68
Rate and amount of each semi-annual dividend for previous f 2 per cent., 1 13,163 20
17,250 00
y e a r , ................................................................................... ( 2J per cent., i
Times for the dividends, fixed by the by-laws : third Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including last extra dividend : 5J.
Date of the last extra dividend : October, 1882.
The total amount of loans, with each specified rate of interest: $50,000, 4
per cent.; $20,000, 4| per cent.; $2,500, 4^ per cent.; $20,000, 4f per
cent.; $75,400, 5 per cent.; $44,486.29, 5J per cent.; $189,385,6 per cent.;
$2,875, 6£ per cent.; $15,951, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................ 187
Aggregate amount of the same..........................................................................
190,916 00
Amount of investments from whichno income is received, . . . .
1,080 00
Number of open a c c o u n t s ,................................................................... 2,080
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,....................................................................................
1,779
183,677 41
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, ........................................................................... 141
80,992 98
Number and amount of withdrawals....................................................... 983
130,340 60
Number of accounts opened the previous year, .
.
.
.
.
400


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

48

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number of accounts closed the previous y e a r , ..................................238
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bond, . - ...................................................................
Date of examination by commissioner: March 16.
P u b l ic

United States 4s,

Bank

Bay State Nat1] Bank, Lawrence, .
City Natl Bank, Boston,
Commerce Natl Bank, Boston,
Eagle Natl Bank, Boston,
Eliot Natl Bank, Boston,
Everett Natl Bank, Boston,
Globe Natl Bank, Boston,
Hamilton Natl Bank, Boston,
Hide and Leather Natl B’k, Boston,
Howard Natl Bank, Boston, .
Lawrence Natl Bank, Lawrence, .
Manufacturers’ Natl Bank, Boston,
Market Natl Bank, Boston,
North America Natl Bank, Boston,
State Natl Bank, Boston,
Shawmut Natl Bank, Boston,.
Shoe and Leather Natl B’k, Boston,
Suffolk Natl Bank, Boston,
Tremont Natl Bank, Boston, .
Webster Nat’l Bank, Boston, .

F unds.

Par Value.

Estimated
Market Value.

Amount Invested.

$150,000

$192,000 00

$150,000 00

$8,000
4,450
12,600
5,400
6,350
5,000
3,135
6,250
1,785
5,750
9,200
4,800
4,550
5,300
5,850
9,044
10,100
11,000
17,238
5,100

$6,400
4,400
10,000
5,000
5,000
5,000
3,300
5,000
1,500
5,000
7,800
5,000
5,000
5,000
5,000
7,600
10,000
10,000
16,900
5,000

Sto c k .

$4,850
4,400
10,000
5,000
5,000
5,000
3,300
5,000
1,500
5,000
7,800
5,000
5,000
5,000
5,000
7,600
10,000
10,000
16,900
5,000
$126,350

i


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,207 17
20,000 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$140,902 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$127,900 00

1 8 8 7 .]

P U B L IC

49

D O C U M E N T — N o. 8.

BROCKTON SAYINGS BANK — BROCKTON.
Incorporated 1881.
J o h n J. W

h ip p l e ,

Number of corporators, 48.
C l a r e n c e R. F i l l e b r o w n , Treasurer.

P resid en t.

St a t e m e n t .
1

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$614,319 26
818 21
8,100 00

A ssets .

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,.................................
Deposit in bank, not on intere s t , ..................................
Expense account, .
Cash on hand............................

$623,237 47

$45,115
11,800
63,370
325,200
150,008

001
0000
00
40;

4,000 09
fa*

21,054 18
99 52
2,590 37
$623,237:47

Cash on Deposit in Bank: —
Brockton National Bank, B r o c k t o n ,...........................................................$21,054 18
Whole amount of interest or profits received or earned,
. . .
.
Rate and amount of each semi-annual dividend for previous f 2 per cent., |
year,
.
............................................................................1 2 per cent., 1
Times for the dividends, fixed by the by-laws: April 15 and October 15.
The total amount of loans, with each specified rate of interest: $4,000, 4
per cent.; $5,109.21, 4^ per cent.; $20,000, 4| per cent.; $126,549.19, 5
percent.; $3,500, 5^ per cent.; $313,150, 6 per cent ; $2,800,6J per cent.;
$3,900, 7 per cent.; $200, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,.................................................. ......................................... 269
Aggregate amount of the s a m e , ........................................................... ........
Number of open a c c o u n ts ,................................................................... 3,210
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...................................................................................
5,007
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y ea r,............................................................................. 190
Number and amount of withdrawals,..........................................
3,080
Number of accounts opened the previous year, . . . .
1,166
Number of accounts closed the previous y e a r , ..................................682
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : April 6.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$28,214 54
8,988 73
10,184 01

303,000 OO

355,304 60
97,727 06
241,754 06

1,398 67
15,000 00

:>0

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

P ublic F u n d s .

Par Value.

City of
of
of
District

Brockton 4s,
Brockton 5s,
Biddeford, Me., .
of Columbia,

Estimated
Market Value.

$29,000
5,700
1,000
7,000

$35,010
6,555
1,020
8,960

$42,700

$51,545 00

00
00
00
00

Amount Invested.

$29,870
5,985
1,000
8,260

00
00
00
00

$45,115 00

B a n k St o c k .

Shawmut Nat’l Bank, Boston,.
Manufacturers’ Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Brockton Nat’l Bank, Brockton,
Home Nat’l Bank, Brockton, .

$1,000
1,000
2,800
5.000
2.000
* $11,800

$1,192
960
2,870
5,600
2,310

50
00
00
00
00

$12,932 50

$1,000
1,000
2,800
5.000
2.000

00
00
00
00
00

$11,800 00

R a il r o a d B on ds .

Newport & Richford R.R.,
Boston, Revere Beach & Lynn R.R.,
Old Colony R.R.,
.
.
.
.
Vermont & Massachusetts R.R.,
Boston & Maine R.R.,
Worcester & Nashua R.R.,
Nashua & Rochester R.R.,
Conn. & Passumpsic Rivers R.R., .
Fitchburg R.R.,
.
.
.
.
Boston, Clinton, Fitchburg & New
Bedford R.R.,
.
.
.
.
Boston & Lowell R.R., .
Nashua & Lowell R.R., .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
1,000
3,000
9,000
5,000
5,500
4,000
9,000
6,000

$5,650
1,170
3,615
10,170
6,050
5,885
4,320
10,575
6,715

1,000
11,000
1,000

1,180 00
13,040 00
1,120 00

1,000 00
12,300 00
1,000 00

$60,500

$69,490 00

$63,370 00

00
00
00
00
00
00
00
00
00

$5,000
1,000
3,000
9,270
5,400
5,500
4,000
9,720
6,180

00
00
00
00
00
00
00
00
00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

51

BROOKFIELD SAYINGS BANK — BROOKFIELD.
Incorporated April 12, 1872. Number of corporators, 35.
H e n r y D. F a r e s , P resident.

H i r a m P. G e r a l d , Treasurer
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$60,978 61
1,144 48
979 45

Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest,.
Expense account,
Cash on hand, . . . .

$63,102 54

$35,726 62
10,276 23
7,500
9,259
50
289

00
84
00
85

$63,102 54

Cash on Deposit in Banks, amount in each : —
First National Bank, W orcester,..........................................
Worcester Safe Deposit and Trust Company,
Boston Safe Deposit and Trust Company,
. . . .
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous '\ 2 per cent., (
year,
.................................................................................... 1 12 per cent., i
Times for the dividends, fixed by the by-laws : January 1 and July 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4 2-5.
Date of the last extra dividend: July 1, 1886.
The total amount of loans, with each specified rate of interest: $7,500, 4
percent.; $3,000, 5 per cent.; $10,000,54 per cent.; $33,002.85, 6 per
cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,................................................................................................. 74
Aggregate amount of the s a m e , ...................................................................
. 393
Number of open a c c o u n ts ,.................................................. ........
Number and amount of deposits (including dividends) received for pre­
vious year, * ............................................................................................ 488
Number and àmount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...........................................................................
13
Number and amount of withdrawals,.................................................. 273
Number of accounts opened the previous year, .
.
.
.
. 118
Number of accounts closed the previous year,
.
•
.
.
. 94
Amount of expenses of the corporation during previous year,
.
.
.
Amount of treasurer’s b on d ,...........................................................................
Date of examination by commissioner : September 1.
* This hank has been notified that this amount exceeds the legal limit,
t This hank has been notified that this deposit is illegal.
N o t e . — These illegalities have since been corrected.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* $3,968 31
f 3,000 36
2,291 17
$2,483 09
973 42
1,012 95

53,502 85

24,683 22
5,313 00
15,166 19

15200
10,000 00

52

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

BROOKLINE SAYINGS BANK — BROOKLINE.
Incorporated Feb. 24,1871. Number of corporators, 52.
W

m.

H . L in c o l n , P resid en t.

¥

m.

E. L in c o l n , T rea surer .

Statem ent.

A ssets -

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$277,611 35
903 14
3,648 17

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Expense account,
Interest account,
.
Cash on hand, . . . .

$¡282,162 66

$14,750
32,746
500
6,683
1,526
187,187
20,000
14,445
559
2,589
1,173

00
63
00
57
22
50
00
37
85
68
84

$282,162 66

Loan on Bank Stock: =
On 6 shares National Eagle Bank, B o s to n ,.................................................. $500 00
Invested in real estate (for banking purposes),
Estimated value of the same, . . . .
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$6,683
7,000
1,526
400
5
4

57
00
22'
00^
00*
16

Cash on Deposit in Bank : —
Shawmut National Bank, Boston,................................................................... $5,372 97
Central National Bank, B o s t o n ,...................................................................
1,589 4:4
Brookline National Bank, B rooklin e,...........................................................
7,482 96
Whole amount of interest or profits received or earned,
.
.
.
.
$11,983 87
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
4,272 07
year,
............................................................................12 per cent., 1
4,600 00
Times for the dividends, fixed by the by-laws: second Monday in January
and July.
The total amount of loans, with each specified rate of interest: $113,300, 5
per cent.; $17,200, 5£ per cent.; $47,937.50, 6 per cent.; $3,100, 6£ per
cent.; $4,150, 7 per cent.; $1,500, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................ 48
Aggregate amount of the s a m e , ...................................................................
54,687 50
Amount of investments from which no income is received,
.
.
.
1,526 22
Number of open a c c o u n ts ,....................................................................1,653
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
2,891
113,961 11
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 45
24,005 67
Number and amount of withdrawals,..........................................
1,165
74,727 64


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

53

Number of accounts opened the previous y e a r , ..................................432
Number of accounts closed the previous y e a r , ..................................260
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b on d ,...........................................................................
Date of examination by commissioner: October 23.

$1,400 00
5,000 00

P ublic F un ds .

Brookline water scrip 7s,
Brookline water scrip 4^s,

Par Value.

Estimated
Market Value.

Amount Invested.

' $4,000
10,000

$5,450 00
10,700 00

$4,200 00
10,550 00

$14,000

$16,150 00

$14,750 00

B an k S t o c k .

Nat’l City Bank, Boston, .
■Central Nat’l Bank, Boston, .
Merchandise Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Revere Bank, Boston,
Nat’l Eagle Bank, Boston,
Brookline Nat’l Bank, Brookline,

.

.

$5,000
7,500
5,000
3,000
3,700
1,200
2,000
$27,400

$5,050
9,000
5,200
3,075
4,588
1,296
2,090

00
00
00
00
00
00
00

$30,299 00

$5,531
*11,500
5,000
3,344
4,057
1,314
2,000

$32,746 63

* This bank has been notified that this investment exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

25
00
00
13
00
25
00

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T .

54

CAMBRIDGEPORT SAYINGS BANK — CAMBRIDGE.
Incorporated March 16,1853.

Number of corporators, 11.

J o se p h A. H o l m e s , P resid en t.

W

il l ia m

P a g e , Treasurer.

Statem ent.

A ssets .

L ia b il it ie s .

Public funds, .
.
.
.
Loan on public funds,
Bank stock,
.
.
.
.
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$2,866,155 79
Deposits,
33,505 80
Earnings undivided, .
Guaranty fund, .
78,600 00

$947,262
500
98,100
20,000
271,000
1,500
1,066,491
351,500

10
00
00
00
00
00
56
00

165,032
53,191
1,750
1,932

78
88
46
81

$2,978,261 59

$2,978,261 59

Loan on Public Funds : —
$500 00

On $500 State of New Hampshire Bonds,
Loan on Bank Stock: —
On 200 shares Metacomet National Bank, Fall River,
Amount of real estate held by foreclosure, .
Assessed value of the same......................................
Amount of municipal tax on real estate,

.

$20,000 00'
$1,500 00
2,400 00
434 88

Cash on Deposit in Banks, amount in each : —
Cambridgeport National Bank,
.
First National Bank, Cambridge, .
National City Bank, Cambridge
.

.
.
.

.
.
.

.
.
.

$6,471 59
31,569 06
15,151 23

. $139,952- 59
Whole amount of interest or profits received,
. . . .
., [ 53,349 36
Rate and amount of each semi-annual dividend for previous ] 2 per
y e a r , .................................................................................... 12 per
1 54,871 44
Times for the dividends, fixed by the by-laws : third Wednesday in Jan­
uary and July.
The total amount of loans, with each specified rate of interest : $200,000 3A
per cent. ; $50,000, 3| per cent. ; $50,000, 3J per cent. ; $69,500, 4 per
cent. ; $99,000,4| per cent. ; $698,135.08,5 per cent. ; $63,600,5^ per cent. ;
$158,656.48, 6 per cent. ; $33,450,6J per cent. ; $7,450, 7 per cent. ; $5,600,
7 3-10 per cent.; $3,100, 7J per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .......................................................................................................326
Aggregate amount of the s a m e , ...................................................................
468,201 6?
Number of open a c c o u n ts ,....................................................................8,326
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
7,989
569,39654


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .j

55

D O C U M E N T — N o. 8.

P U B L IC

Number and amount of deposits of and exceeding $300 at any one time,
. 293 $150,867 00
.
.
.
for the previous y e a r ,................................. *
483,314 05
5,261
Number and amount of withdrawals, .
.
.
.
.
.
1,100
Number of accounts opened the previous year, .
. 775
Number of accounts closed the previous year,
.
6,000 00
Amount of expenses of the corporation during previous year, .
20,000 00
Amount of treasurer’s b o n d ,..........................................................
Date of examination by commissioner: March 16.
P u b l ic

United States 4s,
United States 4-|s,

.

.

.

.

City and town bonds : —
City'of Boston,
.
.
.
.
of Cambri dge, .
.
.
.
of Cleveland, Ohio,.
of Columbus, Ohio,.
of Dayton, Ohio,
of Grand Rapids, Mich., .
of Lawrence, .
.
.
of Manchester, N. H.,
of New Bedford,
of New Britain, Conn,, .
of Newton,
.
.
.
.
of Somerville, .
.
.
.
of Taunton,
.
.
.
.
of Worcester, .
.
.
.
of Waltham.................................
District of Columbia,
Town of Beverly, .
.
.
.
of Kingston, .
.
.
.
of South Abington,
of Rockland, .
.
.
.
of Weymouth,

Funds.

Par Value.

Estimated
Market Value.

Amount Invested.

$225,000
1,100

$289,125 00
1,227 87

$255,000 00
1,100 00

9,000
8,000
94,000
40,000
65,000
42,000
40,000
3,000
5,000
• 5,000
16,000
9,000
35,500
70,000
46,000
30,000
52,000
33,500
19,000
58,000
31,000

10,940
8,735
103,798
42,700
68,625
45,925
43,200
3,060
6,250
5,275
17,553
9,135
36,920
79,700
46,920
34,150
56,160
35,510
19,950
61,190
34,100

00
00
75
00
00
00
00
00
00
00
75
00
00
00
00
00
00
00
00
00
00

$937,100 $1,060,150 37

9,000
8,000
94,000
40,000
65,000
42,000
40,000
3,000
5,000
5,000
16,000
9,000
35,500
70,000
47,993
30,000
52,000
36,561
19,000
63,107
31,000

00
00
00
00
00
00
00
00
00
00
0000
00
00
34
00
00
53
00
23
04

$947,262 10

B an k S t o c k .

Blackstone Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Eliot Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Union Bank, Boston,
Washington Nat’l Bank, Boston,
Nat’l Webster Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
5,600
4,000
5,000
10,000
15,000
10,000
20,600
5,000
7,500

$5,600
7,112
5,090
4,750
12,500
16,612
10,250
28,582
6,250
7,687

00
00
00
00
00
50
00
50
00
50

$5,000 00
5,600 00
4,000500
5,000 00
10,000 00
15,000 00
10,000 00
20,600 00
5,000|00
7,500 00

56

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k Sto ck — Concluded.

Cambridgep’t N ’l B’k, Cambridgep’t,
First Nat’l Bank, Cambridge, .
Nat’l City Bank, Cambridge, .

Par Value.

Estimated
Market Value.

Amount Invested.

$4,000
5,000
1,400

$5,400 00
8,000 00
2,240 00

$4,000 00
5,000 00
1,400 00

$98,100

$120,074 50

$98,100 00

R a il r o a d B on ds .

Boston & Albany R.R. 7s,
Fitchburg R R. 5s and 7s,
Fitchburg R.R. 4s, .
Old Colony R.R. 6s and 7s,
Old Colonv R.R- 4s,.
Vermont & Massachusetts R.R. 5 s ,.

$63,000
28,000
50,000
20,000
50,000
60,000
$271,000

/

/


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$74,340
33,010
53,250
24,600
54,000
68,100

00
00
00
00
00
00

$307,300 00

$63,000
28,000
50,000
20,000
50,000
60,000

00
00
00
00
00
00

$271,000 00

1 8 8 7 .]

P U B L IC

57

D O C U M E N T — N o. 8.

CAMBRIDGE SAYINGS BANK — CAMBRIDGE.
Incorporated 1834. Number of corporators, 57.
•Ch a s . W. S e v e r , P resid en t.

'

O sc a r F. A l l e n , T rea su rer.
St a t e m e n t .

A ssets .

L ia b ilit ie s .

Deposits,
$2,291,305 39
47,904 59
Earnings undivided, .
51,750 00
■Guaranty fund, .

Public funds, . . . .
Loan on public funds,
Bank stock,
.
Loans on bank stock,
Railroad bonds,
Loan on railroad bonds, .
Railroad notes,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest,
Expense account,
Cash on hand, . . . .

$2,390,959 98

$171,192
4,100
274,218
81,300
5,997
1,500
55,000
33,768
848,321
731,300

50
00
85
00
50
00
00
10
00
00

36,500
144,979
1,174
1,608

00
49
20
34

$2,390,959 98

Loan on Public Funds : —
On $4,100 United States, 4s................................................................................$4,100 00
Loans on Bank Stock, amount on each : —
On 140 shares Hide and Leather National Bank, Boston,
On 85 shares Railroad National Bank, Lowell,. .
On 25 shares National Bank of Commerce, Boston,
On 500 shares Maverick National Bank, Boston, .
On 70 shares Revere National Bank, Boston,

}

$ 22,000 00
2,300 00
50,000 00
7,000 00

Loan on Railroad Bonds: —
On $2,000 Old Colony R. R .,.....................................................................................$1,500 00
Amount of real estate held by foreclosure.............................................................$33,768
Assessed value of the same, ...........................................................................
37,700
Amount of income received from the same,..................................................
439
Amount of municipal tax on real e s t a t e , ..................................................
516

10
00
50
53

Cash on Deposit in Banks, amount in each: —
Charles River National Bank, Cambridge,.................................................. $10,434 70
Maverick National Bank, Boston,...................................................................* 133,360 98
Revere National Bank, B o s t o n ,...................................................................
32 75
National Bank of Redemption, B o s t o n , .................................................. 1,151 06
Whole amount of interest or profits received or earned,
. . . .
$105,566 98
Rate and amount of each semi-annual dividend for previous 12 per cent.,! 41,567 26
year,
.
,
.
.
.
..
.
.
.
.
12 per cent., 1 42,839 47
* This bank has been notified that this amount exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

58

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[J a n .

Times for the dividends, fixed by the by-laws : fourth Thursday in Janu­
ary and July.
The total amount of loans, with each specified rate of interest: $30,000, 3^
per cent.; $6,500, 3| per cent.; $55,000, 3| per cent.; $508,000, 4 per
cent.; $139,500,44 per cent.; $347,727,4^ per cent.; $379,875, 5 percent.;
$26,433, 5.J per cent.; $187,686, 6 per cent.; $25,300, 6J per cent.;
$25,350, 7 per cent.; $26,650,1\ per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................265
Aggregate amount of the s a m e , ...................................................................$350,213 00
Amount of investments from which no income isreceived. . . .
28,911 66
Number of open a c c o u n ts ,.......................................................... 6,651
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...........................................................................
7,239
515,446 09
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .
297
154,367 59
Number and amount of withdrawals,.................................
4,974
415,597 91
Number of accounts opened the previous y e a r , ................................. 952
Number of accounts closed the previous y e a r , .....................................658
Amount of expenses of the corporation duringpreviousyear,
.
.
.
5,042 13
Amount of treasurer’s b o n d ,...........................................................................
20,000 00
Date of examination by commissioner : March 17.
P ublic F unds .

Par Value.

Estimated
Market Value.

Amount Invested.

\
City of Fall River Bonds,
of Newburyport bonds, .
of Cambridge bonds,
of Lowell bonds,
of Fitchburg bonds,
of Providence, R. I., bonds,
of Boston bonds,
of Springfield bonds,
Town of Medford bonds,
of Westboro’ bonds,
State of Massachusetts bonds,

.

$21,000
18,000
22,000
20,000
• 25,000
22,000
17,000
1,000
2,000
14,000
4,000
$166,000

$27,160
19,890
25,530
21,800
27,625
25,840
19,920
1,420
2,150
16,380
4,620

00
00
00
00
00
00
00
00
00
00
00

$192,335 00

$20,150
18,090
21,932
19,400
25,125
24,035
20,015
1,350
2,220
14,875
4,000

00
00
50
00
00
00
00
00
00
00
00

$171,192 50

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Continental Nat’l Bank Boston,
Eliot Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$15,900
26,500
1,800
10,700
4,200
900
6,900
9,300
11,400

$19,080
32,065
2,124
13,589
5,712
900
6,555
11,625
13,338

00
00
00
00
00
00
00
00
00

$19,054
29,134
2.203
12,489
5,484
997
8,919
11,590
12,831

25
37
25
12
75
25
26
00
49

1 8 8 7 .]

P U B L IC
Bank

S t o c k — C o n c lu d e d .

'
Par Value.

Market Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Nat’l Bank of Commerce, Boston, .
Nat’ l Exchange Bank, Boston,
Nat’l Eagle Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Union Bank, Boston,
Charles River Nat’l B’k, Cambridge,
Newton Nat’l Bank, Newton, .
Nat’l Rockland Bank, Roxbury,
Naumkeag Nat’l Bank, Salem,
Nat’l B’k of Commerce, New Bedford,
First Nat’l Bank, New Bedford,
So. Framingham N’l B’k, Fram’gh’m,
First Nat’l Bank, Leominster,

$5,800
13,400
1,000
- 5,000
14,500
20,000
8,300
11,700
12,500
1,100
1,100
2,800
14,600
500
2,500
4,600
3,000
5,000
5,000
6,000
5,000
1,000

R


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

a il r o a d

B

Estimated
Market Vaine.

$5,394
18,760
1,190
5,850
15,950
20,000
8,217
11,934
15,875
1,430
1,188
3,332
18,104
690
3,750
4,554
4,050
6,850
5,750
8,940
5,250
500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested

$6,280
18,207
1,206
5,481
17,836
20,598
8,300
14,003
15,309
1,575
1,241
3,144
17,499
719
2,526
5,880
4,625
7,800
6,160
7,420
5,000
700

63
25
25
25
50
12
00
25
99
75
88
00
99
00
00
00
25
00
00
00
00
00

$272,546 00

$274,218 85

$4,000
1,000

$4,780 00
1,120 00

$4,855 00
1,142 50

$5,000

$5,900 00

$5,997 50*

$232,000

Boston & Albany R.R. 7s,
Lowell & Andover R.R. 6s,

59

D O C U M E N T — N o . 8.

onds.

60

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

CANTON INSTITUTION FOR SAYINGS — CANTON.
Incorporated 1835. Number of corporators, 25.
C h a r l e s H . F r e n c h , P resid en t.

N a t h a n ie l W . D u n b a r , T reasurer.
Statem en t.

A ssets .

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$521,292 35
16,766 07
15,834 03

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, on interest, .
Expense account, .
T a x e s , ..................................

$553,892 45

Amount of real estate held by foreclosure,..................................................
Assessed value of the s a m e ,...........................................................................
Amount of income received from the sam e,..................................................
Amount of municipal tax on real e s t a t e , ..................................................

$102,418
49,170
26,000
10,120
208,066
92.061

75
00
00
00
00
74

42,949
22,943
7
155

60
80
00
56

$553,892 45

$ 10,120 00

10,450 00
577 90
155 56

Cash on Deposit in Bank: —
Neponset National Bank, Canton,...................................................................

$22,943 80

$26,458 87
Whole amount of interest or profits received or earned,
. . . .
9,521 25
Rate and amofint of each semi-annual dividend for pre-1 2 per cent., f
9,613 73 '
vious y e a r , .......................................... .........
.
1 2 per cent., t
Times for the dividends, fixed by the by-laws : first Tuesday in April and
October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5.
Date of the last extra dividend: October 7, 1879.
The total amount of loans, with each specified rate of interest: $37,949.60,
4 per cent.; $25,000, 4£ per cent.; $42,000,5 per cent.; $26,048.74, 5£
per cent.; $212,069, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................... 183
198,928 60
Aggregate amount of the s a m e , ...................................................................
3,200 00
Amount of investments from which no income is received, . . . .
Number of open a c c o u n ts ,................................................................... 1,866
Number and amount of deposits (including dividends) received for pre­
116,269 74
vious y e a r , .............................................................................................1,402
Number and amount of deposits of and exceeding $300 at any one time,
32,378 00
for the previous y e a r,...........................................
.
. 55
84,191 94
Number and amount of withdrawals, .
.
.
.
.
.
.
783
Number of accounts opened the previousy e a r ,....................................... 328
Number of accounts closed theprevious y e a r , .......................................182
740 50
Amount of expenses of the corporation during previous year, .
10,000 00
Amount of treasurer’s bond,............................................................................
Date of examination by commissioner: September 7.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

61

D O C U M E N T — N o . 8.
Public F u n d s .

Par Value.

United States 4s,
County of Hampden 3s, .
City of Providence, R. I., 5s, .
of Taunton 4s,
. . .
of Lawrence 4s,
of Lynn 3Js, .
.
.
.
of Waltham 4s,
Town of Norwood 4s,

$20,000
10,000
10,000
10,000
15.000
13,500
8,000
10.000
$96,500

Estimated
Market Value.

$25,700
9,600
12,000
10,300
15,450
13,668
8,400
10,500

00
00
00
00
00
75
00
00

$105,618 75

Amount Invested.

$23,000
9,600
11.500
10,300
15,450
13,668
8,400
10.500

00
00
00
00
00
75
00
00

$102,418 75

B a n k St o c k .

Neponset Nat’l Bank, Canton,
North Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
Atlas Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Nat’l B’k of North America, Boston,
Nat’l Webster Bank, Boston, .
Nat’l Eagle Bank, Boston,

$13,100
1,870
3,300
2,625
2,750
' 4,400
2,625
5,250
2,500
5,500
2,625
2,625

00
00
00
00
00
00
00
00
00
00
00
00

$11,300
1,700
3,300
2,500
2,500
4,000
2,500
5,000
2,500
5,000
2,500
2,500

$14,690
2,282
3,135
2,500
3,000
4,000
2,800
4,550
2,700
5,250
2,550
2,700

$45,300

$50,157 50

$49,170 00

$12,000
5,000
5,500

$14,160 00
6,000 00
7,122 50

$14,500 00
6,000 00
5,500 00

$22,500

$27,282 50

$26,000 00

00
50
00
00
00
00
00
00
00
00
00
00

R a il r o a d B onds .

Boston & Albany R R. 7s,
Boston & Maine R.R. 7 s,.
Eastern R.R. 6s,
. . .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

62

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

CAPE ANN SAYINGS BAN K— GLOUCESTER.
Incorporated 1846. Number of corporators, 48.
G e o r g e J. M a r s h , T rea surer .

A d d is o n G i l b e r t , P resid en t.
Statem ent.

A ssets .

L ia b ilit ie s .

$1,587,699 83
Deposits,
16,650 16
Earnings undivided, .
Guaranty fund, .
72,000 00
12,599 95
Surplus,
7,500 00
Premiums, .
Taxes,
2,046 08
Sundry accounts,
2,913 97

Public funds, . . . .
Loan on Public funds,
Bank stock,
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Iteal estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities, or
to w n s,..................................
Deposit in banks, on interest, .
Deposit in banks, not on intere s t , ..................................
Expense account,
Sundry accounts,
Cash on hand, . . . .

$1,701,409 99

$86,400
200
208,200
27,000
31,875
1,000
409
829,785
439,100

00
00
00
00
00
00
89
00
00

62,800 00
10,217 53
4,021
61
179
159

75
59
51
72

$1,701,409 99
\

Loan on Public Funds : -rOn $200 United States 4^s...................................................................................$200 00
Loans on Bank Stock, amount on each: —
On 10 shares First National Bank, G lou ce ste r,................................................. $1,000 00
On 260 shares City National Bank, G loucester,..........................................
26,000 00
Invested in real estate (for banking p u rp o ses),.......................................... $1,000 00
Estimated value of the same,...........................................................................
8,700 00
Amount of real estate held by foreclosure,..................................................
409 89
Assessed value of the same, .
.......................................... ........
.
.
600 00
Amount of income received from the sam e,..................................................
97 07
Amount of municipal tax on real e s t a t e , ..................................................
175 08
Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston, .
.................................................. $5,217 53
Gloucester National Bank, Gloucester,...........................................................4,021 75
City National Bank, G loucester,...................................................................
5,000 00
Whole amount of interest or profits received or earned..................................$92,107 62
Rate and amount of each semi-annual dividend for previous 12$ per cent., J 32,798 06
year................................................................................... 2| per cent., i
33,307 32
Times for the dividends, fixed by the by-laws : April 1 and October 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4.33
Date of the last extra dividend: April, 1871.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

63

D O C U M E N T — N o. 8

The total amount of loans, with each specified rate of interest: $20,300, 4
percent.; $30,000, 4| per cent.; $40,000, 4J per cent ; $30,000, 4| per
cent.; $423,625, 5 per cent.; $52,500, 5% per cent.; $762,000, 6 per cent.;
$11,000, 6A per cent.; $24,735, 7 per cent.; $6,725, 7 3-10 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................688
Aggregate amount of the same.......................................................................... $440,935 00
Number of open a c c o u n ts ,................................................................... 5,780
Number and amount of deposits (including dividends) received for pre­
vious year, ..........................................................
4,620
363,602 83
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 185
106,489 00
Number and amount of withdrawals,..........................................
4,024
308,250 61
Number of accounts opened the previous year, . . . .
1,043
Number of accounts closed the previous y e a r , .....................................762
Amount of expenses of the corporation during the previous year,
.
.
3,983 20
Amount of treasurer’s b o n d ,...........................................................................
20,000 00
Date of examination by commissioner : June 15.
P ublic F unds .

Par Value.

Town of Brookline,
City of Charlestown,
of Cambridge,.
.
of Cleveland, Ohio,.
of Fall River, .
.
of Gloucester, .
.
of Lawrence, .
.
of Lowell,
.
.
of Northampton,
of Salem,
.
.

.
.
.
.

.
.
.
.

.

.

$5,000
12,000
10,000
25,000
8,000
400
5,000
15,000
5,000
1,000
$86,400

Estimated
Market Value.

$5,600
13,200
11,100
30,000
8,800
400
5,500
16,500
5,500
1,100

00
00
00
00
00
00
00
00
00
00

$97,700 00

Amount Invested.

$5,000
12,000
10,000
25,000
8,000
400
5,000
15,000
5,000
1,000

00
00
00
00
00
00
00
00
00
00

$86,400 00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
City Nat’l Bank, Gloucester, .
City Nat’l Bank, Boston, .
Commerce Nat’l Bank, Boston,
Cape Ann Nat’l Bank, Gloucester, .
Eagle Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Exchange Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Gloucester Nat’l Bank, Gloucester,.
Hamilton Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$13,600 00
$10,000
12,000 00
10,000
12,880 00
11,200
9,990 00
9,000
13,500 00
10,000
5,000
5,500 00
13,400 00
10,000
13,000 00
10,000
11,000 00
10,000
3,060 00
3,000 5,000
6,600 00
5,050 00
5,000
4,950 00
5,000
6,250 00
5,000
5,000
6,400 00

$10,000
10,000
11,200
7,200
10,000
5,000
10,000
10,000
10,000
8,000
5,000
5,000
5,000
5,000
5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

64

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k Sto ck — Concluded.

Par Value.

Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
No. America Nat’l Bank, Boston, .
Old Boston Nat’l Bank, .
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Rockport Nat’l Bank, Rockport,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,,
State Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .

$7,000
10,000
5,000
10,000
10,000
2,500
16,600
5,000
5,700
5,000
10,000
5,000
5,000
$210,000

Estimated
Market Value.

$8,260
14,500
7,200
13,800
10,800
3,000
20,916
7,000
7,695
7,700
12,200
6,000
5,450

Amount Invested..

00
00
00
00
00
00
00
00
00
00
00
00
00

$7,000 ,00
10,000' 00
5,000 00
10,000 00
10,000 00
2,500 00
16,600 00
5,000 00
5,700 00
5,000 oo
10,000 oo
5,000 00
5,000 00

$261,701 00

$208,200 00

$53,550 00

$31,875 00-

R a ilr o a d B on ds .

Eastern Railroad 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$42,500

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

65

CAPE COD FIVE CENTS SAYINGS BANK — HARWICH.
Incorporated 1855. Number of corporators, 85.
J o se p h K. B a k e r , P resid en t.

A ugustus C. S n o w , 2 d , T rea surer.
Sta te m e n t.

L ia b il it ie s .

Deposits, .
Earnings undivided, .
«Guaranty fund, .

A ssets .

$337,813 89
1,861 85
4,846 44

Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest, .
Real estate to secure indebted­
ness,
.
.
.
. . .
Cash on hand, . . . .

$344,522 18

$62,121
2.480
59,903
1,103
325
106,081
83,055

75
00
00
33
00
61
51

4.480 00
11,500 00
13,171 28
300 70
$344,522 18

Loan on Bank Stock: —
On 25 shares Cape Cod National Bank, Harwich,................................. ........

$2,480 00

Invested in real estate (for banking p u rp o se s),..........................................$1,103 33
Estimated value of the same, . . .
- ..................................................
1,000
325
Amount of real estate held by foreclosure,..................................................
Assessed value of the sa m e ,............................................................................
400
Amount of municipal tax on real e s t a t e , ..................................................
151

00
00
00
94

Cash on Deposit in Bank: —
Cape Cod National Bank, H a r w i c h ,...........................................................$11,500 00
Whole amount of interest or profits received or earned,
. . . .
$16,243 55
Rate and amount of each semi-annual dividend for pre-1 2 per cent., f
5,995 71
vious y e a r , ................................................................... J 2 per cent., 1
6,270 54
Times for the dividends, fixed by the by-laws : second Wednesday in April
and October,
The total amount of loans, with each specified rate of interest: $15,000, 4 b,
per cent.; $32,653.13, 5 per cent.; $9,500,
per cent.; $80,635.06, 6 per
cent; $400, 6| per cent.; $3,667.87, 6£ per cent.; $54,241.06, 7 per cent.
Number of outstanding loans which are of an amount not exceeeding
$3,000 each,....................................................................................
. 302
Aggregate amount of the s a m e , ..................................................
95,762 12
Amount of investments from which no income is received, .
13,496 28
Number of open a c c o u n ts ,...........................................................
1,991
Number and amount of deposits (including dividends) received foi1 previous y e a r , ....................................................................................
. 858
88,125 64
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .
..................................................................., 66
34,680 95
Number and amount of withdrawals,..........................................
. 677
50,511 02
Number of accounts opened the previous y e a r , ................................. 296
Number of accounts closed the previous y e a r , ................................. 190


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

66

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan.
$1,770 63
5,000 00

Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bond, .
..................................
Date of examination by commissioner : August 28.
B a n k St o c k .

Par Value.

First Nat’l Bank, Yarmouth, .
Cape Cod Nat’l Bank, Harwich,
State Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Nat’l Bank of Commerce, Boston, .
Nat’l Revere Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Blackstone Nat’l Bank, Boston,
Nat’l Exchange Bank, Boston,
Fourth Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l B’k of North America, Boston,
Nat’l Bank of the Republic, Boston,
N ’l B’k of the Commonwealth,Boston,
Nat’l Webster Bank, Boston, .
Faneuil Hall Nat’l Bank, Boston, .

$6,300
5,700
4,800
4,300
4,000
3,100
3,000
3,000
2,700
2,600
2,500
2,400
2,000
1,600
1,500
1,300
1,000
700
$52,500

Estimated
Market Value.

$8,064
7,866
5,616
5,127
4,000
3,937
3,720
3.577
3,024
3,432
2,750
2,658
2,050
1,680
2,077
1,534
1,025
953

00
00
00
75
00
00
00
50
00
00
00
00
00
00
50
00
00
75

Amount Invested..

$8,190
7,866
5,676
5,031
3,800
3,674
3,630
3,450
2,916
3,029
2,756
2,730
2,275
1,616
1,980
1,521
1,050
931

00
00
00
00
00
50
00
00
00
00
25
00
00
00
00
00
00
00

$63,092 50

$62,121 75

$21,000
10,000
10,000
6,000
5,000

$25,494
11,850
11,475
6,550
5,499

$24,787
12,075
10,992
6,550
5,499

$52,000

$60,868 00

R a il r o a d B on ds .

Old Colony R.R.,
.
.
.
.
Boston & Maine R.R.,
Vermont & Massachusetts R.R.,
Boston & Lowell R.R., .
Fitchburg R.R.,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00

00
00
00
00
00

$59,903 00

1 8 8 7 .]

P U B L IC

67

D O C U M E N T — N o. 8.

CENTRAL SAVINGS BANK — LOWELL.
Incorporated March 3,1871.

Number of corporators, 87.

O l i v e r H. M o u lto n , P resid en t.

S a m u e l A . C h a s e , Treasurer.
St a te m e n t.

A ssets .

L iab ilities .

Deposits,
f$l,534,927 72
Earnings undivided, .
57,577 60
32,000 00
Guaranty fund, .

$10,000
2,000
219,100
4,300
36,750
982,152
289,514
77,477
3,211

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Cash on hand, . . . .

00
00
00
00
00
00
00
35
97

$1,624,505 32

$1,624,505 32

Loan on Public Funds : —
On $1,000 City of Chelsea and $1,000 City of Lawrence Bonds, .

.

.

$2,000 00

Loans on Bank Stock, amount on each: —
On 3 shares Railroad National Bank, L o w e l l , ..........................................
On 10 shares Prescott National Bank, Lowell,
. . . .
.\
On 10 shares Railroad National Bank, L o w e l l ,.......................................... I
On 30 shares Merchants’ National Bank, Lowell,.......................................... J

300 00
4,000 00

Amount of real estate held by foreclosure,.................................................. $36,750 00
Assessed value of the s a m e ,...........................................................................
38,350 00
3,162 62
Amount of income received from the same,..................................................
Amount of municipal tax on real e s t a t e , ..................................................
636 50
Cash on Deposit in Banks, amount in each: —
Merchants’ National Bank, Lowell,
.
.
.......................................... $27,477 35
Appleton National Bank, Lowell,...................................................................
25,000 00
Old Lowell National Bank, L o w e l l , ...........................................................
10,000 00
Prescott National Bank, L o w e l l ,...................................................................
15,000 00
Whole amount of interest or profits received or earned,
. . . .
$77,927 91
Rate and amount of each semi-annual dividend for previous f 2 per cent., f 26,105 16
y e a r , .......................................................... ........
.
. 12 per cent., 1 27,351 48
Times for the dividends, fixed by the by-laws : first Saturday in May and
November.
The total amount of loans, with each specified rate of interest: $50,000, 3|
percent.; $93,000, 4 per cent.; $39,764, 4£ per cent.; $3,800, 4| per
cent.; $643,002, 5 per cent.; $91,050, 5£ per cent.; $349,100, 6 per cent.;
$100, 6£ per cent.; $8,150, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................ 250
Aggregate amount of the s a m e , ...................................................................
379,552 00
Amount of investments from which no income is received, .
.
.
.
5,000 00
Number of open a c c o u n ts ,..........................................
.
4,182


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Federal Reserve Bank of St. Louis

'68

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number and amount of deposits (including dividends) received for pre­
$427,670 51
vious y e a r , ....................................................................................4,336
Number and amount of deposits of and exceeding $300 at any one time,
180,406 00
. 296
for the previous year, ...........................................................
275,415 74
2,682
Number and amount of withdrawals, .
.
.
1,012
Number of accounts opened the previous year,
. 611
Number of accounts closed the previous year,
4,786 97
Amount of expenses of the corporation during previous year,
20,000 00
Amount of treasurer’s b on d ,...................................................
Date of examination by commissioner: July 15.
P ublic F unds .

\
City of Haverhill 6s,
Town of Methuen 6s,

Par Value.

Estimated
Market Value.

Amount Invested.

$4,000
6,000

$4,200 00
6,300 00

$4,000 00
6,000 00

$10,000

$10,500 00

$10,000 00

$10,000
10,000
5,000
20,000
9,600
1,300
5,000
1,000
5,000
3,000
10,000
10,000
3,000
6,000
2,700
2,400
7,000
6,300
4,200
5,000
5,000
10,000
3,000
15,000
5,200
1,000
1,200

$13,500 00
11,200 00
6,300 00
21,600 00
12,192 00
1,625 00
4,700 00
2,210 00
7,050 00
3,390 00
10,500 00
12,700 00
3,570 00
7,500 00
3,726 00
2,400 00
10,780 00
7,497 00
4,284 00
5,550 00
6,000 00
20,500 00
4,950 00
21,000 00
6,500 00
1,550 00
1,560 00

$14,000 00
12,500 00
6,000 00
35,000 00
11,100 00
1,400 00
5,500 00
1,200 00
6,700 00
3,100 00
12,000 00
10,000 00
3,400 00
8,000 00
3,400 00
2,400 00
10,000 00
8,000 00
5,000 00
6,100 00
6,000 00
16,900 00
4,200 00
18,300 00
6.700 00
1,000 00
1,200 00

$166,900

$214,334 00

$219,100 00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Market Nat’l Bank, Boston, .
Maverick Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Metropolitan Nat’l Bank, Boston, .
Nat’l City Bank, Boston,.
Nat’l Bank of Commerce, Boston, .
Nat’l Hide and Leather B’k, Boston,
Nat’l Bank of Redemption, Boston,
Nat’l Bank of Republic, Boston,
Nat’l Webster Bank, Boston, .
Second Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Shoe and Leather Nat’l B’k, Boston,
Suffolk Nat’l Bank, Boston, .
Georgetown Nat’l B’k, Georgetown,
Appleton Nat’l Bank, Lowell,.
First Nat’l Bank, Lowell,
Merchants’ Nat’l Bank, Lowell,
Old Lowell Nat’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

69

CHARLESTOWN FIVE CENTS SAYINGS BANK — BOSTON.
Incorporated 1854.

Number of corporators, 56.

P . J. S t o n e , P resid en t.

A mos S t o n e , T reasurer.
Statem ent.

L ia b ilit ie s .

Deposits,
$3,273,781 18
Earnings undivided, .
137,960 14
Guaranty fund, .
116,000 00

A ssets .

Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
.
.
.
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest,.
Cash on hand, . . . .

$731,000
1,500
27.000
70.000
170,800
1,336,050
1,150,200
37,266
3,925

$3,527,741 32

00
00
00
00
00
00
00
17
15

$3,527,741 32

Loans on Bank Stock : —
On 15 shares Monumeut National Bank, Boston, .
Invested in real estate (for banking purposes)
Assessed value of the same, .
Amount of real estate held by foreclosure,
Assessed value of the same, .
Amount of income received from the same,
Amount of municipal tax on real estate,

$1,500 00
.
.
.

$70,000
80,700
170,800
164,450
14,360
3,707

00
00
00
00
51
13

Cash on Deposit in Banks, amount in each : Monument National Bank, Boston,
Maverick National Bank, Boston, .

.

$36,171 44
1,094 73

Whole amount of interest or profits received or earned,
. $176,668 01
Rate and amount of each semi-annual dividend for previous
, f 73,698 11
.................................................................................... 2 per cent. , i 62,623 00
year,
Times for the dividends, fixed by the by-laws: third Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7£.
Date of the last extra dividend : April, 1874.
The total amount of loans, with each specified rate of interest: $60,000, 3J
per cent.; $160,000, 4 per cent.; $190,000, 4| per cent. ; $172,000, 4J per
cent.; $50,000, 4§ per cent.; $921,850, 5 per cent.; $40,000, 5J per cent.;
$396,300, 5J per cent.; $392,900, 6 per cent.; $42,000, 6^ per cent.;
$62,700, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................377
. 377
Aggregate amount of the same................................................ ........
600,400 00
Amount of investments from which no income is received,
6,500 00
Number of open accounts,...................................................
8,852
Number and amount of deposits (including dividends) received for prepre­
vious y e a r , ...................................................................
9,054
772,625 25


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Federal Reserve Bank of St. Louis

70

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number and amount of deposits of and exceeding $300 at any one time,
. 531 $338,601 71
for the previous y e a r ,...................................................................
4,886
448,947 19
Number and amount of withdrawals, .
.
.
.
.
.
1,623
Number of accounts opened the previous year, . . . .
. 987
Number of accounts closed the previous year,
. . . .
6,442 11
Amount of expenses of the corporation during previous year, .
30,000 00
Amount of treasurer’s bond,...........................................................
Date of examination by commissioner : October 4.

Bank

St o c k .

Par Value.

Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Blue Hill Nat’l Bank, Milton, .
Boylston Nat’l Bank, Boston, .
Bunker Hill Nat’l Bank, Boston,
City Nat’l Bank, Boston,.
Columbian Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
First Nat’l Bank, Boston,
First Ward Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hide & Leather Nat’l B’k, Boston, .
Howard Nat’l Bank, Boston, .
Manufacturers’ Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Market of Brighton Nat’l B’k, Boston,
Maverick Nat’l Bank, Boston,.
Merchandise Nat’l Bank, Boston, .
Metropolitan Nat’l Bank, Boston, .
Monument Nat’l Bank, Boston,
North Nat’l Bank, Boston,
No. America Nat’l Bank, Boston, .
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Third Nat’l Bank, Boston.
Tremont Nat’l Bank, Boston, .
Washington Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Andover Nat’l Bank, Andover,
Conway Nat’l Bank, Conway,.
First Nat’l Bank, Lynn, .
Franklin Co. Nat’l B’k, Greenfield,
Home Nat’l Bank, Brockton, .
Newton Nat’l Bank, Newton, .


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Federal Reserve Bank of St. Louis

$35,800
9,400
6,700
14,500
25,000
17,500
5,000
26,300
50,000
30,000
2,000
15,000
10,000
15,900
37,000
30,400
25,000
8,600
2,700
13,200
18,900
13,400
7,000
14,000
6,900
20,000
34,200
26,700
2,200
32,600
16,100
18,500
10,000
12,600
11.900
32,000
2,400
4,000
21,700
10,000
15,000
9,600

Estimated
Market Value.

$42,960 00
10,528 00
7,705 00
19,285 00
45,500 00
17,675 00
6,250 00
33,401 00
59,000 00
38,100 00
4,240 00
19,050 00
10,000 00
15,105 00
44,030 00
35,568 00
24,000 00
7,826 00
3,699 00
29,172 00
19,656 00
15,142 00
14,980 00
18,760 00
7,314 00
25,000 00
47,196 00
33,108 00
2,618 00
32,926 00
18,837 00
20,350 00
10,000 00
12,852 00
14,875 00
32,960 00
2,880 00
4,400 00
26,474 00
9,000 00
17,250 00
9,600 00

Amount Invested.

$35,800 00
9,400 00
6,700 00
14,500 00
25,000 00
17,500 00
5,000 00
26,300 00
50,000 00
30,000 00
2,000 00
14,800 00
9,300 00
15,300 00
37,000 00
30,400 00
24,200 00
8,600 00
2,700 00
12,900 00
18,500 00
13,400 00
7,000 00
14,000 CO
6,900 00
20,t)00 00
34,200 00
26,700 00
2,200 00
32,200 00
16,100 00
18,500 00
10,000 00
12,600 00
11,900 00
32,000 00
2,400 00
4,000 00
21,700 00
10,000 00
15,000 00
9,300 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

Bank

St o c k — C o n c lu d e d .

Estimated
Market Value.

Amount Invested.

$7,500
7,500

$9,750 00
14,250 00

$7,500 00
7,500 00

$734,700

$893,272 00

$731,000 00

$30,240 00

$27,000 00

Par Value.

Railroad Nat’l Bank, Lowell, .
Wachusett Nat’l Bank, Fitchburg, .

R

Boston & Lowell R.R. 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

71

a il r o a d

B o n ds.

$27,000

72

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

CHELSEA SAYINGS BANK — CHELSEA.
Incorporated 1854. Number of corporators, 166.
J o h n H. O sg o o d , P resid en t.

A l b e r t A. F ic k e t t , T rea surer ..
St a t e m e n t .

L ia b ilit ie s .

$1,871,091 12
Deposits,
18,728 34
Earnings undivided, .
Guaranty fund, .
42,766 73

A ssets .

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
.................................
Expense account,
Cash on hand, . . . .

$1,932,586 19

$425,800
104,434
8,500
10,000
6,587
1,123,102
165,000

09
42
00
00
75
33
00

48,000 00
28,951 13
5,000 OO
3,452 43
3,758 13
$1,932,586 19

Loans on Bank Stock, amount on each : —
On 100 shares First National Bank, C h e l s e a , ..........................$7,500
On 10 shares Boylston National Bank, B o s t o n ,......................
1,000

00
00

Amount of real estate held by foreclosure,.................................. $6,587
Assessed value of the sa m e ,........................................................
14,100
Amount of income received from the same,..............................
620
Amount of municipal tax on real e s t a t e , ...............................
250

75
00
44
98

Cash on Deposit in Banks, amount in each : —
Hamilton National Bank, Boston,..................................................$19,174
First National Bank, C h e l s e a , ...............................................
14,776

62
51

Whole amount of interest or profits received or earned,
. . . .
$91,120 39
Rate and amount of each semi-annual dividend for previous $ 2 per cent., 5
33,305 54
y e a r , ...................................................................................... ( 2 per cent., <
34,319 97
Times for the dividends, fixed by the by-laws : second Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6|.
Date of the last extra dividend : August 1, 1877.
The total amount of loans, with each specified rate of interest: $168,000, 4
per cent.; $50,000, 4^ per cent.; $41,500, 4^ percent.; $25,000,f4| per
cent.; $539,005.52, 5 per cent.; $64,100, 5J per cent.; 456,996.81, 6 per
cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................... ........
. 383
Aggregate amount of the s a m e , ...................................................................
500,396 81
Number of open a c c o u n ts ,...........................................................8,557
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
12,691 557,602 66-


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

7a

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y ea r,........................................................................... 292 $138,301 70
Number and amount of withdrawals,..........................
6,811
450,445 89
Number of accounts opened the previous year,
. . . .
1,436
Number of accounts closed the previous year,
. . . .
1,022
Amount of expenses of the corporation during previous year, .
.
.
6,970 36
Amount of treasurer’s b on d ,...........................................................................
25,000 Od
Date of examination by commissioner : March 22.
P ublic F unds .

Par Value.

United States bonds,
State of Maine bonds,
State of New Hampshire bonds,
City of Chelsea bonds, .
of Boston bonds,
of Charlestown bonds, .
of Fitchburg bonds,
of Worcester bonds,
of Lynn bonds,
of Cambridge bonds,
of Lowell bonds,
of Fall River bonds,
of Lawrence bonds,
of Taunton bonds, .
of Manchester, N. H., bonds, .
of Keene, N. H., bonds, .
of Lewiston, Me., bonds,
of Providence, R. I., bonds,
of Hartford, Conn., bonds,
of Norwalk, Conn., bonds,
Town of Woburn bonds,
of Winthrop bonds,
of Everett bonds, .
of Provincetown bonds,
of Brookline bonds,
of Danvers bonds,
of Wallingford, Conn., bonds,

$30,000
43,100
9,200
12,000
44,000
10,000
2,000
21,000
6,000
18,000
45,500
5,000
36,000
2,000
4,000
20,000
■ 16,000
15,000
1,000
31,000
5,000
11,000
1,000
1,000
5,000
2,000
17,000
$412,800

Estimated
Market Value.

$33,450
45,901
11,960
13,260
55,880
11,100
2,280
23,940
7,200
19,440
50,050
6,600
45,360
2,400
4,020
21,400
18,240
16,500
1,140
32,395
5,700
12,760
1,120
1,030
5,750
2,400
17,510

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$468,786 00

Add premium account,

Amount Invested.

$30,000
43,100
9,200
12,000
44,000
10,000
2,000
21,000
6,000
18,000
45,500
5,000
36,000
2,000
4,000
20,000
16,000
15,000
1,000
31,000
5,000
11,000
1,000
1,000
5,000
2,000
17,000

00
00
00
00
00
00
00
oo
00
00
00
00
00
00
00
00
00
00
oo.
00
00
00
00
00
00
00
00

$412,800 00
13,000 00
$425,800 00'

B a n k St o c k .

First Nat’l Bank, Chelsea,
North Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
1,500
3,600
7,250
4,000
700

$12,500
2,017
4,230
6,888
4,720
889

00
00
00
00
00
00

$10,972
1,664
3,811
9,122
4,845
700
\

30
55
50
40
70
00

74

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k Stock — Concluded.

Amount Invested.

$500
2,000
1,400
500
2,500
2,500
8,400
2,500
700
4,300
1,800
10,000
600
900
3,800
3,800
5,000
6,300
2,000
500

$595
2,420
1,792
525
2,550
3,325
10,038
2,925
774
5,375
1,944
13,850
546
1,115
5,073
3,800
5,000
7,875
2,600
650

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$602
2,329
1,763
518
2,750
2,776
9,819
2,934
845
4,956
2,002
13,137
646
1,170
5,804
4,422
5,381
8,410
2,420
626

$87,050

00

$104,434 42

$11,800 00

$10,000 00

o
©

Shawmut Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Bank of No. America, Boston,
Webster Nat’l Bank, Boston, .
Boylston Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Nat’l City Bank, Boston,
Eagle Nat’l Bank, Boston,
Nat’l Bank of Republic, Boston,
Market Nat’l Bank, Boston,
Mechanics’ Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Everett Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
Nat’l Bank of Redemption, Boston,
First Nat’l Bank, South Weymouth,
Nat’l Exchange Bank, Salem,

Estimated
Market Value.

C5

Par Value.

50
37
05
75
00
50
35
00
85
15
95
50
50
00
50
25
25
50
50
50

R a ilr o a d B onds .

Salem & Lowell R.R. mortgage
^ bonds (guaranteed by Boston &
Lowell R.R.),
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Ì

V $10,000

i

P U B L IC

1 8 8 7 .]

75

D O C U M E N T — N o. 8.

CHICOPEE FALLS SAYINGS BANK — CHICOPEE FALLS.
Incorporated 1875. Number of corporators, 41.
T

homas

B. W

attle s,

H e n r y J. B o y d , T rea su rer.

P resid en t.
Statem ent.

A ssets .

L ia b il it ie s .

$173,842
1,803
2,109
244

Deposits,
Earnings undivided, .
Guaranty fund, .
Interest,

51
04
74
77

$3,050
26,686
115,001
27,108
- 2,000

Public funds, . . . .
Bank stock,
. . . .
Loans on real estate,
Loans on personal security, .
Deposit in bank, on interest, .
Deposit in bank, not on inter­
est,
..................................
Expense account, .
Cash on hand............................

00
00
50
83
00

2,968 92
7 25
1,177 56
$178,000 06

$178,000 06

Cash on Deposit in Bank : —
Chicopee National Bank, Springfield,..................................................

.

$4,968 92

Whole amount of interest or profits received or earned,
. . . .
$7,027 80
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
2,772 90
y e a r , ................................................................................... 12 per cent., 1
3,003 10
Times for the dividends, fixed by the by-laws : January 1 and July 1.
The total amount of loans, with each specified rate of interest: $142,110.33,
5 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ..................................................................................................... 1 0 5
Aggregate amount of the s a m e , ...................................................................
115,845 33
Amount of investments from which no income is received,. . . .
2,500 00
Number of open a c c o u n t s ,.................................................................. 690
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...................................................................................
1,020
57,992 39
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 23
16,059 05
Number and amount of withdrawals,................................................... 425
31,646 14
Number of accounts opened the previous y e a r ,................................. 178
Number of accounts closed the previous year.............................................. 58
Amount of expenses of the corporation during previous year, .
.
.
493 04
Amount of treasurer’s b on d ,...........................................................................
10,000 00
Date of examination by commissioner : March 16.

P ublic F unds .

Tar Value.

United States 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

$3,000

Estimated
Market Value.

Amount Invested.

$3,900 00

$3,050 00

76

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[J a n .

B a n k St o c k .

Par Value.

First Nat’l Bank, Chicopee,
City Nat’l Bank, Springfield, .
Palmer Nat’l Bank, Palmer, .
Hadley Falls Nat’l Bank, Holyoke,
Chapin Nat’l Bank, Springfield,
First Nat’l Bank, Springfield, .
Franklin Co. Nat’l B’k, Greenfield,
Chicopee Nat’l Bank, Springfield, .
Easthampton Nat’l B’k,Easthampt’n,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
3,700
2,700
2,000
3,000
2,000
2,500
2,500
1,000
$20,400

Estimated
Market Value.

$1,500
4,810
2,970
3,410
3,900
3,300
2,500
4,000
1,485

00
00
00
00
00
00
00
00
00

$27,875 00

Amount Invested.

$1,500
3,700
3,161
3,410
3,630
3,300
2,500
4,000
1,485

00
00
00
00
00
00
00
00
00

$26,686 OO

P U B L IC

1 8 8 7 .]

D O C U M E N T — N o. 8.

77

CHICOPEE SAYINGS BANK — CHICOPEE.
Incorporated 1845. Number of corporators, 57.
J o h n B. W

o od ,

H. H. H a r r i s , Treasurer.

P resident.
St a t e m e n t .

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$585,648 49
14,647 76
12,380 00

Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in banks, on interest, .
Deposit in bank, not on inter­
est,
.................................
Cash on hand............................

00
00
00
06
00

23,450 00
23,000 00
15,601 31
5,031 88
$612,676 25

$612,676 25

Loans on Bank Stock, amount on each : —
On 20 shares Third National Bank, Springfield,
On 2 shares First National Bank, Chicopee, .

$34,350
1,860
26,000
380,919
102,464

.

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

$1,800 00
60 00

Cash on Deposit in Banks, amount in each : —
H am pshire County National Bank, N o r th a m p to n ,..................................$13,000 00

City National Bank, Springfield,...................................................................
10,000 00
First National Bank, Chicopee.......................................................................... 15,601 31
Whole amount of interest or profits received or earned,
. . . .
$29,699 41
Rate and amount ofeach semi-annual dividend for previous ) 2 per cent., f
10,809 47
y e a r , ................................................................................... i 2 per cent., 1 11,158 26
Times for the dividends, fixed by the by-laws: January 1 and July 1.
The total amount of loans, with each specified rate of interest: $10,000, 3
per cent.; $13,000, 3£ per cent.; $5,000,4 per cent.; $36,000,4J per cent.;
$20,000, 4| per cent.; $447,693.06, 5 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each........................................................................................................... 231
Aggregate amount of the s a m e , ...................................................................
217,005 45
Number of open a c c o u n t s ,........................................................1,591
Number and amount of deposits (including dividends) received for previous
y e a r ) .......................................................................
1,583138,32618
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,......................................................................... 86
43,277 00
Number and amount of withdrawals...............................................
1,107
114,730 30
Number of accounts opened the previous year,.
.
.
.
.
242
Number of accounts closed the previous year.................................... 177
Amount of expenses of the corporation during previous year, .
.
.
2,523 07
Amount of treasurer’s bond..............................................................
•
•
10,000 00
Date of examination by commissioner : October 27.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

78

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

B a n k St o c k .

Par Value.

First Nat’l Bank, Chicopee,
City Nat’l Bank, Springfield, .
Chapin Nat’l Bank, Springfield,
Agawam Nat’l Bank, Springfield, .
Maverick Nat’l Bank, Boston,
Palmer Nat’l Bank, Palmer, .
Nat’l Bank of Redemption, Boston,

Estimated
Market Value.

00
00
00
00
00
00
00

Amount Invested.

$10,000
6,500
6,600
3,000
1,200
3,000
1,000

$14,000
7,800
7,900
3,900
2,400
3,300
1,200

$31,300

$40,500 00

$34,350 00

$12,000
4,000
10,000

$13,200 00
4,000 00
11,000 00

$12,000 00
4,000 00
10,000 00

$26,000

$28,200 00

$26,000 00

$10,000
7,450
6,600
3,900
2,400
3,000
1,000

00
00
00
00
00
on
00

R a ilr o a d B on d s .

Boston & Albany R.R., .
Boston & Lowell R.R.,
Boston, Revere Beach & Lynn R.R.,


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Federal Reserve Bank of St. Louis

1887. J

P U B L IC

79

D O C U M E N T — N o. 8

CITIZENS’ SAYINGS BANK — FALL RIVER.
Incorporated 1851. Number of corporators, 60.
E. E. H a t h a w a y , T rea surer.

J o se p h H e a l y , P resid en t.
State m e n t.

A ssets .

L ia b ilit ie s .

Bank stock,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in bank, not on inter­
est,
.
. . .
Expense account,
Cash on hand, . . . .

$2,767,593 15
Deposits,
81,684 61
Earnings undivided, .
70,302 70
Guaranty fund, .
3,248 44
Suspense, .

00
91
20
77

51,000 <?0
49,400 39
1,979 72.
3,055 91
$2,922,828 90

$2,922,828 90

Amount of real estate held by foreclosure, .
Assessed value of the same, .
.
.
.
Amount of income received from the same, .
Amount of municipal tax on real estate,
Cash on Deposit in Bank: —
Pocasset National Bank, Fall River,

$311,619
35,095
1,615,772
854,905

.

$35,095
38,125
829
801

91
00
18
35

...................................................$49,400 39

Whole amount of interest or profits received or earned,
. . . .
$143,662 15
Rate and amount of each semi-annual dividend for previous f 2£ per cent., f 62,489 79
y e a r , ....................................................................................i 2^ per cent., 1
58,242 54
Times for the dividends, fixed by the by-laws: June and December.
The total amount of loans, with each specified rate of interest: $50,000,
4 percent.; $266,100, 4J per cent.; $519,115,5 per cent.; $1,635,562.97,
5£ per cent.; $50,900, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each...................................................................................................500
Aggregate amount of the s a m e , ...................................................................
671,512 04
4,961
Number of open a c c o u n ts ,.......................................... ........
Number and amount of deposits (including dividends) received for pre­
vious year, ....................................................................................
11,664
566,459 97
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 366
251,947 66
Number and amount of withdrawals,..........................................
3,395
369,999 99
Number of accounts opened the previous year, . . . .
1,168
Number of accounts closed the previous year,
.
.
.
.
. 706
Amount of expenses of the corporation during previous year, .
.
.
8,534 09
Amount of treasurer’s bond ,............................................................................
15,000 00
Date of examination by commissioner: July 20.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

SO

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k St o c k .
Estimated
Market Value.

First Nat’l Bank, Boston,
Second Nat’l Bank, Fall River,
Nat’l Hide and Leather B’k, Boston,
Nat’l Bank of Commerce, Boston, .
Fall River Nat’l Bank, Fall River, .
Pocasset Nat’l Bank, Fall River,
Maverick Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Metacomet Nat’l Bank, Fall River,
Nat’l Revere Bank, Boston,
Nat’l Union Bank, Fall River,
Merchants’ Nat’l Bank, Boston,
Nat’l Bank of Redemption, Boston,
Railroad Nat’l Bank, Lowell, .
Massasoit Nat’l Bank, Fall River, .
Washington Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’ l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Continental Nat’l Bank, Boston,
Nat’l Bank of the Republic, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$25,000
18,000
22,500
7,500
15,400
80,000
5,400
14,000
9,300
28,700
28,100
15,000
5,000
12,800
1,300
9,200
7,400
2,600
2,500
1,000
600
2,5,00
$313,800

$53,000
20,700
26,931
9,525
17,710
92,000
11,947
16,467
11,833
34,440
34,844
13,500
6,987
16,000
1,664
15,180
9.250
3,042
2,768
1,192
709
3,462

00
00
25
00
00
00
50
50
25
00
00
00
50
00
00
00
00
00
75
50
50
50

$403,155 25

Amount Invested.

$25,000
18,000
22,500
7,500
14,012
80,000
4,779
14,000
9,300
28,700
28,100
15,000
5,000
12,800
1,127
9,200
7,400
2,600
2,500
1,000
600
2,500

00
00
00
00
50
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00

$311,619 00

P U B L IC

1 8 8 7 .]

D O C U M E N T — N o. 8.

81

CITY FIVE CENTS SAVINGS BANK — HAVERHILL.
Incorporated 1870. Number of corporators, 44.
J o h n B . N ic h o l s , P resid en t.

G e o . W . N o y e s , Treasurer.
St a t e m e n t .

A ssets .

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$773,758 59
48,313 88
19,225 00

Public funds, .
.
Loans on public funds, .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest,.
Deposit in banks, not on inter­
est,
..................................
Expense account, .
T a x e s , ..................................
Profit and loss,

$841,297 47

$10,000
2,350
41,255
300
73.000
55,546
375,705
254,486

00
00
25
00
00
72
00
01

11,500 00
14.000 00
570
793
813
977

24
42
39
44

$841,297 47

Loans on Public Funds, amount on each : —
On $2,500 United States B o n d s ,..........................................

$2,350 00

Loan on Bank Stock: —

Amount of real estate held by foreclosure, . . . .
Assessed value of the s a m e ,..................................................
Amount of income received from the same, . . . .
Amount of municipal tax on real estate,
. . . .

O
o
CO
۩=

fin 3 shares First National Bank, Haverhill,

00

$55,546
34,000
1,608
431

72
00
00
80

Cash on Deposit in Bank: —
First National Bank, H a v e r h ill,..........................................

$14,570 24

$40,196 90
Whole amount of interest or profits received,
Rate and amount of each semi-annual dividend for previous \f 'l\ per cent., ]\ 15,691 29
y e a r , ................................................................................... ( 12 percent,!f 13,654 20
Times for the dividends, fixed by the by-laws : June 1 and December 1.
The total amount of loans, with each specified rate of interest: $ 14,500, 4
percent.; $50,000, 4^ per cent.; $55,500, 4J per cent.; $5,000, 4| per
cent.; $249,426.18, 5 per cent.; $78,100, 5£ per cent.; $173,964.83, 6 per
cent.; $16,050, 7 per cent.; $1,800, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each............................................................................. .
.
. 150
Aggregate amount of the s a m e , ...................................................................
187,814 83
Amount of investments from which no income is received, . . . .
29,499 29
Number of open accounts,
.
.
.
.
. .
.
3,757
Number and amount of deposits (including dividends) received for pre­
vious year, .
...........................................................
3,002
215,327 70


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Federal Reserve Bank of St. Louis

82

[Jan*

B A N K C O M M IS S IO N E R S ’ R E P O R T .

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,................................................................................ 161
Number and amount of withdrawals,...................................
1,709
Number of accounts opened the previous y e a r , ..................................... 781
Number of accounts closed the previous y e a r , .....................................436
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bond, .
.
r
..................................................
Date of examination by commissioner: April 23.

$89,292 74
114,688 90

1,84790
15,000 00

P ublic F un d s .

Par Value.

Amount Invested.

$10,800 00

$10,000 00

$19,400
500
400
900
7,400
3,000
2,500
3,000

$27,160
800
600
1,143
8,732
2,850
3,487
3,060

$19,400
690
400
900
9,247
3,660
3,173
3,783

$37,100

$47,832 00

$41,255 25

$50,000
13,000
10,000

$60,500 00
15,730 00
11,900 00

$50,000 00
13,000 00
10,000 00

$73,000

$88,130 00

$73,000 00

$10,000

City of Lawrence 6s,

Estimated
Market Value.

B a n k St o c k .

First Nat’l Bank, Haverhill,
Merrimac Nat’l Bank, Haverhill, .
Haverhill Nat’l Bank, Haverhill, .
Nat’l Bank of Commerce, Boston, .
Continental Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .

R

Boston & Maine R.R. 7 s ,,
Old Colony R.R. 7s,
.
Old Colony R.R. 6s,
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

a il r o a d

.
.

00
00
00
00
00
00
00
00

00
00
00
00
75
00
75
75

B onds.

1 8 8 7 .J

P U B L IC

83

D O C U M E N T — N o . 8.

CITY INSTITUTION FOR SAYINGS— LOWELL.
Incorporated 1837. Number of corporators, 55.
N a t h a n A l l e n , P resid en t.

F r e d A . B u t t r ic k , T reasurer.
Statem en t.

A ssets .

L ia b ilit ie s .

$4,346,370 39
Deposits,
288,140 11
Earnings undivided, .
Guaranty fund, .
150,000 00

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s ,.................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Expense account,
Cash on hand, . . . .

$4,784,510 50

$164,100
727,944
18,721
349,500
2,196,071
1,140,596

00
01
00
00
48
01

134,000 00
38,893 44
9,912 50
3,246 48
1,525 58
$4,784,510 50

Loans on Bank Stock, amount on each: —
On 110 shares Appleton National Bank, Lowell, .
On 28 shares First National Bank, Lowell,
On 25 shares Wamesit National Bank, Lowell,
On 20 shares Brockton National Bank, Brockton,
On 9 shares Hide and Leather National Bank, Boston,

$

11,000 00
2,721 00
5,000 00

Cash on Deposit in Banks, amount in each : —
Appleton National Bank, Lowell,................................................................... $37,893 44
Third National Bank, Springfield,...................................................................
1,000 00
Lancaster National Bank, C l i n t o n , ...........................................................9,912 50
Whole amount of interest or profits r e c e i v e d ,.......................................... $254,185 45
Rate and amount of each semi-annual dividend for previous f 2 per cent., f 78,164 29
y e a r , ....................................................................................1 2 per cent., 1
80,198 71
Times for the dividends, fixed by the by-laws : second Saturday in Jan­
uary and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5R
Date of last extra dividend: January, 1884.
The total amount of loans, with each specified rate of interest: $17,250, 4
percent.; $201,250, 4^ per cent.; $2,508,727.29, 5 per cent.; $88,000, 5J
per cent.; $624,161.20, 6 per cent.; $50,000, 6^ per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each.............................................................................................................. 242
Aggregate amount of the same,
.
..................................
342,551 44
Number of open a c c o u n ts ,..................................................................11,552
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,.......................................................................................... 31,014
845,795 19
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...............................................................................505
273,856 36
Number and amount of withdrawals,.................................................. 9,774
593,200 36
Number of accounts opened the previous year, . . . .
2,053


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Federal Reserve Bank of St. Louis

84

B A N K C O M M IS S IO N E R S ’ R E P O R T .

Number of accounts closed the previous year,
. . . .
1,331
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,............................................................................
Date of examination by commissioner : July 15.

[Jan

$10,233 28
30,000 00

P ublic F unds .
Estimated
Market Value.

$10,000
46,000
3,000
10,000
52,000
24,000
20,000

City of Hartford, Conn.,
of Haverhill, .
.
.
.
of Lowell,
.
.
.
.
of L y n n ,.....................................
of Cleveland, Ohio,
of East Saginaw, Mich.,
Town of Plymouth, .
.
.
.

$165,000

$11,200
54,900
3,360
10,100
55,120
25,320
23,500

00
00
00
00
00
00
00

$183,500 00

$10,000
45,100
3,000
10,000
52,000
24,000
20,000

00
00
00
00
00
00
00

$164,100 00

B an k St o c k .

$47,000
Appleton Nat’l Bank, Lowell,
8,000
Atlantic Nat’l Bank, Boston, .
20,000
Atlas Nat’l Bank, Boston,
1,875
Bay State Nat’l Bank, Lawrence, .
30,700
Blackstone Nat’l Bank, Boston,
21,000
Boston Nat’l Bank, Boston,
12,400
Boylston Nat’l Bank, Boston, .
3,900
Bunker Hill Nat’l Bank, Boston, .
7,300
City Nat’l Bank, Boston,
13,800
Columbian Nat’l Bank, Boston,
14,600
Continental Nat’l Bank, Boston,
10,000
Eliot Nat’l Bank, Boston,
3,800
Everett Nat’l Bank, Boston, .
20,000
First Nat’l Bank, Boston,
4,900
First Nat’l Bank, Lowell,
5,000
First Nat’l Bank, Marlboro,
Framingham N’l B’k, Framingham,
2,500
• 19,900
Globe Nat’l Bank, Boston,
1 0 ,0 0 0
Hamilton Nat’l Bank, Boston,
13,500
Howard Nat’l Bank, Boston, .
10,000
Market Nat’l Bank, Boston, .
4,400
Merchants’ Nat’l Bank. Boston,
6 ,0 0 0
Metropolitan Nat’l Bank, Boston, .
15,000
Nat’l Bank of Commerce, Boston, .
25,000
Nat’l Bank of No. America, Boston,
40,000
NatT Bank of Redemption, Boston,
40,000
Nat’l Bank of the Republic, Boston,
3,000
Nat’l Eagle Bank, Boston,
5,000
Nat’l Exchange Bank, Boston,
10,000
Nat’l Hide and Leather B’k, Boston,
11,000
Nat’l Pemberton Bank, Lawrence, .
37,500
Nat’l Revere Bank, Boston,
3,600
Union Nat’l Bank, Boston,


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Federal Reserve Bank of St. Louis

1

$94,000
10,680
24,050
3,300
34,384
25,462
16,492
7,117
7,409
17,284
17,264
12,725
3,800
42,400
8,085
5,000
3,550
18,905
12,500
15,626
9,500
6,182
6,780
19,050
26,250
50,000
55,400
3,240
6,600
11,925
14,850
46,500
4,995

00
00
00
00
00
50
00
50
50
50
50
00
00
00
00
00
00
00
00
25
00
00
00
00
00
00
00
00
00
00
00
00
00

$68,970
10,000
20,462
1,875
30,700
21,213
12,400
4,338
7,565
16,560
15,221
10,000
3,810
20,000
5,650
5,000
3,550
19,915
10,000
13,500
10,000
4,400
7,200
15,000
25,000
50,700
42,825
3,000
5,000
10,000
11,000
37,500
3,600

00
00
50
00
00
75
00
75
00
00
26
00
25
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o . 8.

85

B a n k S to ck — Concluded.

1
| Par Value.

Nat’l Webster Bank, Boston, .
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Old Boston Bank, Boston,
Prescott Nat’l Bank, Lowell, .
Railroad Nat’l Bank, Lowell, .
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington Nat’l Bank, Boston, .

$10,500
6,500
16,700
3,950
22,000
6,900
26,500
10,000
6,300
20,500
40,000
23,600
3,900
$678,025

Estimated
Market Value.

$10,762
9,408
22,461
4,740
33,000
8,970
40,810
11,925
7,371
22,703
40,000
24,190
4,875

50
75
50
00
00
00
00
00
00
75
00
00
00

Amount Invested.

$10,500
8,450
16,700
3,950
22,450
8,062
26,500
10,000
7,375
20,500
40,000
23,600
3,900

00
00
00
00
00
00
00
00
00
00
00
00
00

$882,525 25

$727,944 01

$127,500
72,000
50,000
50,000
50,000

$149,900
92,520
60,937
53,250
55,000

$127,500
72,000
50,000
50,000
50,000

$349,500

$411,607 50

R a ilr o a d B onds .

Boston & Lowell R.R.,
Eastern R.R., .
.
.
Old Colony & Newport R.R., .
Fitchburg R.R.,
.
Worcester, Nashua & Rochester R.R.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
50
00
00

00
00
00
00
00

$349,500 00

B A N K C O M M IS S IO N E R S ’ R E P O R T .

86

[Jan.

CLINTON SAYINGS BANK — CLINTON.
Incorporated 1851. Number of corporators, 63.
C h a r l e s L . S w a n , P resid en t.

C. L . S. H a m m o n d , Treasurer.
Sta te m e n t.

A ssets .

L ia b il it ie s .

$1,051,621 51
Deposits,
2,247 13
Earnings undivided, .
23,000 00
Guaranty fund, .

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
| Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns.......................................
Deposit in bank, on interest, .
Deposit in bank, not on inter­
est,
..................................
Premium account, .
Cash on hand, . . . .

$1,076,868 64

$59,400
5,805
79,400
4,415
33,000
573,693
276,779

00
00
00
00
00
61
00

3.000 00
24,174 32
5.000 00
7,218 59
4,983 12
$1,076,868 64

Loans on Public Funds, amount on each : —
On $1,000 United States 4 s , ......................................................................................$805 00
On $5,000 Town of Clinton B o n d s , .....................................................................5,000 00
Loans on Bank Stock, amount on each : —
On 33 shares Wachusett National Bank, Fitch bu rg,......................................... $3,300 00
On 12 shares First National Bank, Clinton,............................................................ 1,115 00
Cash on Deposit in Bank: —
First National Bank, Clinton,...........................................................................$29,174 32
Whole amount of interest or profits received or earned,
.
.
.
.
48,987 55
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 19,955 47
y e a r , .................................................................................... J 2 per cent., 1
19,592 60
Times for the dividends, fixed by the by-laws: Second Monday in April
and October.
The total amount of loans, with each specified rate of interest: $25,000, 3J
percent.; $133,000, 4 per cent.; $25,000, 41 per cent.; $10,000, 4£ per
cent.; $543,706.32, 5 per cent.; $6,900, 5J per cent.; $95,041,19, 6 per
cent.; $25,045.10, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
. 281
each,
............................................................................................
307,682 84
Aggregate amount of the s a m e , ..................................................
8,400 00
Amount of investments from which no income is received, . . . .
Number of open accounts..................................................................3,649
Number and amount of deposits (including dividends) received for pre258,406 96
3,350
vious y e a r ,....................................................................................
Number and amount of deposits of and exceeding $300 at any one time,
80,729 10
. 145
for the previous y e a r ,...................................................................
226,577 80
2,057
Number and amount of withdrawals,..........................................
. 614
Number of accounts opened the previous year, . . . .
. 483
Number of accounts closed the previous year,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

88

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

COHASSET SAYINGS BANK — COIIASSET.
Incorporated 1845. Number of corporators, 31.
C a l e b L o t h r o p , T reasurer _

M a r t in L in c o l n , P resid en t.
Statem ent.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Suspense account,

A ssets .

$400,280
9,423
10,700
170

74
38
00
83

$420,574 95

Bank stock,
. . . .
Bailroad bonds,
Beal estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in bank, on interest, .
Expense account,
Cash on hand, . . . .

$54,000 00
22,000 00
5,500 00
252,999 00
71,150 00

7,000 00
6,974 57
356 54
594 84
$420,574 95

Amount of real estate held by foreclosure,.................................................. $5,500
00
Assessed value of the s a m e ,............................................................................
6,000 00
Amount of income received from the same, .
450 00
Amount of municipal tax on real estate,
.
.
.
.
.
.
.
69 85
Cash on Deposit in Bank : —
Boston National B a n k , ....................................................................................$6,974 57
Whole amount of interest or profits received or earned,
. . . .
$21,459 57
Bate and amount of each semi-annual dividend for previous f 2| per cent., j
8,245 40
y e a r , ....................................................................................1 2| per cent. , )
8,513 ISTimes for the dividends, fixed by the by-laws : first Tuesday in January
and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4 2-5.
Date of the last extra dividend: 1883.
The total amount of loans, with each specified rate of interest: $15,000,
4i per cent.; $35,000, 4^ per cent.; $10,000, 4| per cent.; $130,900, 5 per
cent.; $2,500, 5J per cent.; $134,949, 6 per cent.; $2,800, 6£ per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each...............................................................................................................129
Aggregate amount of the s a m e , ...................................................................
111,349 00
Number of open a c c o u n ts ,................................................................... 973
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................ 463
66,540 56
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .
.
4524,51000
Number and amount of withdrawals,.................................................. 455
42,801 97
Number of accounts opened the previous y e a r , ..................................108
Number of accounts closed the previous y e a r , .......................................71
Amount of expenses of the corporation during previous year, .
.
1,415 90
Amount of treasurer’s b o n d ,................................................................... ........
15,000 00»
Date of examination by commissioner : June 4.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8
B a n k St o c k .

Par Value.

$3,000
2,000
4,500
4,300
2,000
4,000
1,800
2,000
2,500
2,300
3,000
1,200
2,200
4,500
3,200
3,800
3,600
1,500
1,000
1,600

Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Hide and Leather Nat’l B’k, Boston,
Merchants’ Nat’l Bank, Boston,
Markçt Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Republic Nat’ l Bank, Boston, .
Revere Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Washington Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.
.

.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$3,000
2,000
4,500
4,300
2,000
4,000
1,800
2,000
2,500
2,300
3,000
1,200
2,200
4,500
3,200
3,800
3,600
1,500
1,000
1,600

00
00
00
00
00
00
00
00
00'
00
00
00
00
00
oo.
00
00
0000
00

$54,000 00'

$9,000
13,000

$10,890 00
16,640 00

$9,000 00
13,000 00

$22,000

$27,530 00

$22,000 00>

R a il r o a d B

.

$3,600
2,240
5,445
4,343
2.500
4,720
1,944
2,000
2,975
3,197
2,730
1,608
3,036
5,580
3,808
4,446
3,672
2,070
1,250
1,632

Amount Invested.

$62,796 00

$54,000

Old Colony R.R. 7s,
Eastern R.R. 6s,
.

Estimated
Market Value.

o nds.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

90

[Jan.

CROCKER INSTITUTION FOR SAYINGS— TURNER’S FALLS.
Incorporated April 3, 1869. Number of corporators, 16.
J. H. R oot , P resid en t.

D. P. A b e r c r o m b ie , Treasurer.
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Suspense, .

$516,922
6,298
• 7,350
157

69
84
00
47

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
towns......................................
Deposit in banks, on interest,
Deposit in banks, not on inter­
est,
..................................
Expense account,
Interest,..................................
Premium....................................
Cash on hand, . . . .

$530,729 00

$43,500
28,472
8,000
27,000
31,000
6,159
211,737
122,445

00
50
00
00
00
15
46
00

17,646 25
24,400 00
5,067
802
810
3,070
618

62
31
03
00
68

$530,729 00

Loans on Bank Stock, amount on each : —
On 25
On 40
On 20
On 10

shares Crocker National Bank, Turner’s F a lls ,........................................$1,900 00
shares Packard National Bank, G r e e n f i e ld ,................................
4,000 00
shares Franklin County National Bank, Greenfield, . . . .
1,500 00
shares Amherst National Bank, Amherst,.........................................
600 00

\
Invested in real estate (for banking p u r p o se s),................................... $31,000
31,000
Estimated value of the same,.................................................................
Amount of real estate held by foreclosure,..............................................6,159
Assessed value of the s a m e ,.................................................................
6,000
Amount of income received from the sam e,............................................ ......
Amount of municipal tax on real e s t a t e , ........................................
352

00
00
15
00
300 00
07

Cash on Deposit in Banks, amount in each : —
Packard National Bank, Greenfield............................................................ $5,000
Crocker National Bank, Turner’s F a l l s , ........................................
24,467
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous j 2 percent, 1
year.............................................................................................. 1 2 percent, >
Times for the dividends, fixed by the by-laws : January and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 5 7-15.
Date of the last extra dividend : January 1, 1880.
The total amount of loans, with each specified rate of interest: $12,000, 4
per cent.; $25,000, 4J per cent.; $322,828.71, 5 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .....................................................................................................265


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
62

$25,217 49
8,996 91
9,571 98

1 8 8 7 .]

P U B L IC

91

D O C U M E N T — N o. 8

Aggregate amount of the s a m e , ................................................................... $201,936 96
Number of open a c c o u n ts ,.......................................................... 1,564
Number and amount of deposits (including dividends) received for pre133,723 18
1,846
vious year.........................................................................................
Number and amount of deposits of and exceeding $300 at any one time,
88,928 41
for the previous year, .
.
. • ................................................... 151
. 822
82,704 41
Number and amount of withdrawals,..........................................
. 351
Number of accounts opened the previous year, . . . .
. 165
Nnmber of accounts closed the previous year,
. . . .
1,436 38
Amount of expenses of the corporation during previous year, .
25,000 00
Amount of treasurer’s bon d ,...........................................................
Date of examination by commissioner : October 15.
Public F un d s .

Par Value.

$8,000
2,500
6,000
4,000
3,000
5,000
5,000
10,000

State of Maine 6s, .
of New Hampshire 6s, .
City of Boston 6s, .
of Boston 5s, .
of Lowell 6s, .
of Providence, R. I., 5s, .
of Somerville 5s,
Town of Montague 4s,

$13,500

Estimated
Market Value.

$8,720
2,950
7,000
4,800
3,300
5,800
5,050
10,650

00
00
00
00
00
00
00
00

$48,270 00

Amount Invested.

$8,000
2,500
6,000
4,000
3,000
5,000
5,000
10,000

00
00
00
00
00
00
00
00

$43,500 00

B a n k St o c k .

Crocker Nat’l Bank, Turner’s Falls,
Conway Nat’l Bank, Conway,
Central Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Commerce Nat’l B’k, Boston, .

$8,700
6,000
1,000
700
1,000
1,000
1,000
4,000
1,000

$11,310
7,500
1,080
875
1,000
1,275
1,025
4,720
1,275

00
00
00
00
00
00
00
00
00

$9,835
6,930
1,056
1,014
1,155
1,242
1,242
4,704
1,292

00
00
25
50
00
50
50
25
50

$30,060 00

$28,472 50

$10,000
5,000
7,000
5,000

$11,200
5,600
8,200
6,000

$10,000
5,C00
7,000
5,000

$27,000

$31,000 00

$24,400

R a ilr o ad B onds .

Fitchburg R.R. 5s, .
Vermont & Massachusetts R.R. 5s,
Boston & Revere Beach R.R. 6s,
Old Colony R.R. 6s,
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00

00
00
00
00

$27,000 00

92

[Jan.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

DANVERS

SAVINGS

BANK — DANVERS.

Incorporated 1850. Number of corporators, 50.
.

A u g ustus M u d g e , P resid en t.

I s r a e l H. P u t n a m , T reasurer.

Statem ent.

A ssets .

L ia b ilit ie s .

Deposits, .
$1,061,946 28
Earnings undivided, .
28,253 02
Guaranty fund, .
31,950 00

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest,.
Deposit in banks, not on inter­
est, ..........................................
Cash on hand, . . . .

$1,122,149 30

$21,605
138,338
13,800
31,625
45,530
402,712
366,552

00
00
00
00
00
00
44

10,000 00
84,676 49
5,000 00
2,310 37
$1,122,149 30

Loans on Bank Stock, amount on each : —
$1,800 00

On 25 shares First National Bank, Danvers, .
On 16 shares First National Bank, Danvers,.
On 6 shares Salem National Bank, Salem,
On 125 shares Lancaster National Bank, Clinton,

*10,000 00

Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$45,530
50,500
3,750
761

2,000 00

0000
00
73

Cash on Deposit in Banks, amount in each: —
cn>

CO

c<f

CO

Maverick National Bank, Boston, .
Merchants’ National Bank, Salem,
First National Bank, Danvers,

81
25,186 68
32,000 00

Whole amount of interest or profits received or earned,
. . . .
$50,469 18
Rate and amount of each semi-annual dividend for previous f 2 per cent., f 20,014 00
year,
. . .
.................................................. 12 per cent., 1
20,387 28
Times for the dividends, fixed by the by-laws: April 1 and October 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7 8-10.
Date of the last extra dividend : October 19, 1870.
The total amount of loans, with each specified rate of interest: $175,000,
4 per cent.; $25,000, 4J per cent.; $25,000, 4| per cent.; $114,500, 4J per
per cent.; $20,000,
per cent.; $127,635, 5 per cent.; $30,000, 5^ per
cent.; $196,517,79, 6 per cent.; $2,137, 6£ per cent.; $32,828, 7 per cent.;
$44,446.65, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................ 238


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* This bank is in the hands o f a receiver.

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

93

$205,067 79
Aggregate amount of the s a m e , ..........................................
11,030 00
Amount of investments from which no income is received, .
3,171
-Number of open a c c o u n ts ,..................................................
Number and amount of deposits (including dividends) received for• pre187,335 08
2,012
vious y e a r , ...................................................................................
Number and amount of deposits of and exceeding $300 at any one time,
56,105 00
. 104
for the previous year...............................................................
1,429
151,497 40
Number and amount of withdrawals,..................................
. 386
Number of accounts opened the previous year,
. 273
Number of accounts closed the previous year,
2,533 10
Amount of expenses of the corporation during previous year,
20,000 00
Amount of treasurer’s bond,..................................................
Date of examination by commissioner: June 9.
P ublic F un ds .

City of Boston 4s, reg. bonds,
of Boston (is, coupon bonds, .
of Hartford, Conn.; 6s, coupon
b o n d s,.....................................

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
10,000

$10,700 00
11,800 00

$10,000 00
9,775 00

2,000

2,300 00

1,830 00

$22,000

$24,800 00

$21,605 00

B a n k St o c k .

Blackstone Nat’l Bank, Boston,
North America Nat’i B’k, Boston, .
Continental Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
Washington Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Exchange Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
. • .
Asiatic Nat’l Bank, Salem,
Naumkeag Nat’l Bank, Salem,
First Nat’l Bank, Salem, .
Salem Nat’l Bank, Salem,
Warren Nat’l Bank, Peabody,.
First Nat’l Bank, Danvers,
Roekport Nat’l Bank, Rockport,
Commerce Nat’l B’k, New Bedford,
First Nat’l Bank, New Bedford,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,300
7,100
1,000
5,000
6,500
5,000
8,500
5,000
2,500
7,500
6,800
6,500
6,000
2,300
2,000
6,000
8,100
500
700
2,500
2,000
9,675
1,000
7,500
12,500

$6,333 50
7,455 00
1,180 00
5,850 00
8,125 00
6,975 00
8,075 00
5,975 00
3,125 00
9,300 00
7,990 00
8,320 00
7,620 00
2,277 00
2,050 00
6,000 00
11,340 00
685 00
910 00
3,225 00
2,600 00
11,610 00
1,350 00
8,625 00
18,625 CO

$127,475

$155,620 50

$5,300
7,268
1,080
5,356
7,901
6,475
10,612
5,675
2,500
7 500
6,800
6,500
6,000
2,300
2,000
6,000
8,100
500
700
2,862
2,000
9,997
1,000
8,962
14,947

00
75
00
25
25
00
50
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
50
25

$138,338 00

94

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

R a il r o a d B on ds .
Estimated
Market Value.

Amount Invested.

$ 10,000
16,000

$12,200 00
18,800 00

$12,425 00
19,200 00

126,000

$31,000 00

$31,625 00

Par Value.

Boston & Lowell R.R. 7s,
Conn. & Passumpsic Rivers R.R, 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o . 8.

95

DEDHAM INSTITUTION FOR. SAVINGS— DEDHAM.
Incorporated May, 1831.

Number of corporators, 86.

A u g ustus B . E n d ic o t t , P resid en t.

C. G u i l d , T rea surer.
Statem ent.

L ia b ilit ie s .

Deposits,
$1,820,527 34
75,690 05
Earnings undivided, .
Guaranty fund, .
69,727 27

A ssets .

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in bank, on interest, .

$1,965,944 66

$327,000
400
80,638
2,650
536.700
2,700
567,789
418.700
29,366

00
00
50
00
00
00
31
00
85

$1,965,944 66

O
O

Loan on Public Funds: On $500 United States B on d ,..................................................

00

Loan on Bank Stock :—
On 35 shares Market National Bank, Boston,

$2,650 00

Amount of real estate held by foreclosure, . . . .
Assessed value of the s a m e ,..................................................
Amount of municipal tax on real estate,
. . . .

$2,700 00
3,210 00
36 83

Cash on Deposit in Bank : —
Dedham National Bank.............................................................

.

$29,366 85

Whole amount of interest or profits received or earned,
$102,618 59
Rate and amount of each semi-annual dividend for previous f 2 per cent., f 33,042 70
y e a r , .................................................................................... 12 per cent., i 34,031 96
Time for the dividends, fixed by the by-laws : May 1 and November 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 6^^..
Date of the last extra dividend: 1871.
The total amount of loans, with each specified rate of interest: $343,000,
4 per cent.; $45,000, 4| per cent.; $25,500, 5 per cent.; $7,650, 5£ per
cent.; $568,389.31, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 428
426,264 31
Aggregate amount of the s a m e , ...................................................................
Amount of investments from which no income is received, .
.
.
.
2,700 00
Number of open accounts.......................................................................... 5,052
Number and amount of deposits (including dividends) received for pre­
vious year.........................................................................................
2,864 $318,072 68


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

96

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,....................................................................... 220
Number and amount of withdrawals,..........................................
2,075
Number of accounts opened the previous y e a r ,............................... 646
Number of accounts closed the previous y e a r , ................................413
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : June 12.

$99,733 07
230,555 10

3,211 48
15,000 00

Public F unds .

Par Value.

'City of Fall River, .
.
.
.
of Manchester, N. H.,
of Augusta, Me.,
of Portland, Me.,
of Charlestown,
of Worcester, .
.
.
.
of Boston 4s, .
of Boston 6s, .
of Providence, R. I.,
of Cleveland, Ohio, 5s, .
of Cleveland, Ohio, 6s, .
of Columbus, Ohio,.
of Grand Rapids, Mich., 5s,
of Grand Rapids, Mich., 8s,
Town of South Norwalk, Conn.,
GT{-‘ of Lincoln, .
.
.
.
of Malden, .
.
.
.
of Melrose, .
.
.
.
• of Woburn, .
.
.
.
District of Columbia 6s, .
District of Columbia 5s, .

.

Estimated
Market Value.

$10,000
$10,625
19,800
18,000
5,000
5,143
9,000
11,250
6,000
6,607
10,000
11,200
118,720
112,000
13,200
10,000
22,100
20,000
26,715
26,000
1,000
1,200
10,100
10,000
10,000
11,450
3,000
3,735
5,000
5,750
2,000
2,250
10,000
11,200
5,000
5,682
5,000
5,768
20,000
1 55,825
30,000
$327,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
50
00

$358,321 00

Amount Invested.

$10,000
18,000
5,000
9,000
6,000
10,000
112,000
10,000
20,000
26,000
1,000
10,000
10,000
3,000
5,000
2,000
10,000
5,000
5,000
/ 20,000
\ 30,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$327,000 00

B a n k St o c k .

Dedham Nat’l Bank, Dedham,
Howard Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Union Nat’l Bank, Boston,
People’s Nat’l Bank, Boston, .
Commerce Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston..
Webster Nat’l Bank, Boston, .
Globe Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$15,000
4,000
7,500
2,500
2,500
6,000
7,500
14,500
5,000
8,500
2,500
5,200

$17,400
4,680
8,550
2,925
3,525
9,000
9,825
17,400
5,950
8,840
2,475
4,992

00
00
00
00
00
00
00
00
00
00
00
00

$80,700

$95,562 00

$15,000
4,000
7,500
2,500
2,500
6,000
7,500
14,500
5,000
8,500
2,500
5,138

00
00
00
00
00
00
00
00
00
00
00
50

$80,638 50

1 8 8 7 .]

97

P U B L IC D O C U M E N T — N o. 8
R ailk o ad B onds .
Estimated
Market Value.

Worcester & Nashua R.R. 6s, .
Worcester & Nashua R.R. 5s, .
Boston & Maine R.R.,
Boston & Lowell R R. 7s,
Boston & Lowell R.R. 6s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 4Js,
Old Colony R.R.,
.
Fitchburg R.R.,
.
Boston, Clinton, Fitchburg & New
Bedford R.R.,
.
.
.
.
Vermont & Massachusetts R.R.,
Eastern R . R . , .....................................
Lowell & Andover R.R., .
Conn. & Passumpsic Rivers R.R., .
Nashua & Rochester R.R.,
Newport & Richford R.R.,
Salem & Lowell R.R ,
N. York, Providence & Boston R R.,
New Bedford R.R., .
.
.
.
Nashua & Lowell R.R., .
Boston, Revere Beach & Lynn R.R.,
Boston, Barre & Gardner R.R.,
Concord & Claremont R.R., .
Androscoggin & Kennebec R.R.,
Leeds & Farmington R.R ,
Maine Central R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount Invested.

$10,000
500
24,000
49,500
20,000
5,000
5,000
5,000
60,000

$10,767
552
28,880
59,895
23,000
5,450
5,250
6,120
63,768

00
50
00
00
00
00
00
50
75

$9,700
500
24,000
49,500
20,000
5,000
5,000
5,000
60,000

00
00
00
00
00
00
00
00
00

36,000
119,000
29,000
9,000
50,500
5,500
30,000
10,500
20,000
2,000
2,000
11,000
25,000
1,000
3,000
3,500
1,000

39,900
132,090
37,120
10,700
59,590
5,967
32,550
11,655
25,000
2,300
2,300
12,984
29,500
1,180
3,242
4,060
1,278

00
00
00
00
00
50
00
00
00
00
00
00
00
00
50
00
75

36,000
119,000
29,000
9,000
50,500
5,500
30,000
10,500
20,000
2,000
2,000
11,000
25,000
1,000
3,000
3,500
1,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$537,000

$615,101 50

$536,700 00

B A N K C O M M IS S IO N E R S ’ R E P O R T .

98

[Jan

EAST BOSTON SAYINGS BANK — BOSTON.
Incorporated 1848. Number of corporators, 28.
W m . B. P ig e o n , T rea su rer.

G eo . T. S a m p so n , P resident.
St a t e m e n t .

A ssets .

L iab ilit ies .

$1,514,014 69
Deposits,
Earnings undivided, .
43,457 22
Guaranty fund, .
47,990 33

$1,605,462 24

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Deposit in bank, on interest, .
Expense account,
State ta x ,..................................
Cash on hand, . . . .

$6,000
248,200
500
57,000
15,053
24,249
808,467
397,287
43,431
1,908
1,032
2,331

00
00
00
00
78
41
68
57
66
19
74
21

$1,605,462 24
*

Loan on Bank Stock : —
On 10 shares First Ward National Bank, B o s t o n , ..................................$500 00
Invested in real estate (for banking p u rp o se s),.......................................... $15,053 78
Estimated value of the same,...........................................................................
22,200
Amount of real estate held by foreclosure,..................................................
24,249
Assessed value of the s a m e ,............................................................................
27,300
Amount of income received from the s a m e ,.................................................. 1,514 35
Amount of municipal tax on real estate,
.
...........................................
575

00
41
00
55

Cash on Deposit in Bank : —
First Ward National Bank, B o s t o n , ...........................................................$43,431 66
Whole amount of interest or profits r e c e i v e d ,.......................................... $78,978 96
Rate and amount of each semi-annual dividend for previous f 2 per cent., j 25,616 91
y e a r , ....................................................................................t 2 per cent., J
26,812 42
Times for the dividends, fixed by the by-laws: third Wednesday in
January and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4.
Date of last extra dividend : July 21, 1869.
The total amount of loans, with each specified rate of interest: $100,000, 4
percent.; $160,000, 4J per cent.; $8,000, 4f per cent.; $13,000, 4£ per
cent.; $32,500, 4| per cent.; $429,901.25, 5 per cent.; $132,950, 5£ per
cent.; $3,000, 5| per cent.; $301,182, 6 per cent.; $2,700, 6£ per cent.;
$23,022, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,............................................................................................345


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — No. 8

99

Aggregate amount of the s a m e , ...................................................................$498,017 68
Number of open a c c o u n ts ,.......................................................... 5,680
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
8,560 494,728 33
Number and amount of deposits of and exceeding $300 at anÿ one time,
for the previous y e a r ,............................................................................ 297 166,557 00
Number and amount of withdrawals,..........................................
4,855
351,824 59
Number of accounts opened the previous year, . . . .
1,342
Number of accounts closed the previous y e a r , .....................................787
Amount of expenses of the corporation during previous year, .
.
.
5,840 79
Amount of treasurer’s bond, .
.
.
20,000 00
Date of examination by commissioner : February 24.

P ublic F unds .

Par Value.

Estimated
Market Value.

$6,000

$6,900 00

I

■

;Amount Invested.
1

City of Grand Rapids, Mich., 5s,

.

$6,000 00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, ,
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
First Nat’l Bank, Chelsea,
First Ward Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hide & Leather Nat’l B’k, Boston,
Howard Nat’l Bank, Boston, .
Merchandise Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
Mt. Vernon Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Redemption Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Shoe & Leather Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,600
3,200
4,500
20,000
4,100
10,000
16,300
10,000
11,500
10,000
7,700
25,000
20,000
6,700
7,800
2,400
5,000
2,400
3,000
15,000
10,000
10,000
3,400
10,500
10,000
6,400
4,200
5,000
500
$248,200

$4,896
3,848
5,040
24,250
5,453
11,825
19,641
10,800
14,490
12,700
9,779
25,062
19,000
7,989
9,009
2,502
4,600
3,330
2,850
15,750
12,425
13,850
4,250
11,576
11.700
6,512
4,032
5,262
500

00
00
00
00
00
00
50
00
00
00
00
50
00
75
00
00
00
00
00
00
00
00
00
25
00
00
00
50
00

$282,923 50

$3,600
3,200
4,500
20,000
4,100
10,000
16,300
10,000
11,500
. 10,000
7,700
25,000
20,000
6,700
7,800
2,400
5,000
2,400
3,000
15,000
10,000
10,000
3,400
10,500
10,000
6,400
4,200
5,000
500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$248,200 00

100

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

R a ilr o ad B onds .

Par Value.

Maine Central R.R. 7s, .
Boston & Albany R.R. 7s,
Boston & Maine R.R. 7s,
Boston, Clinton & Fitchburg R.R. 5s,
Old Colony R.R. 6s,
. . .
Old Colony R.R. 7s,
. . .
Fitchburg R.R. 7s, .
.
.
.
Maine Central R.R. 6s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$14,500
1,000
14,500
1,000
15,000
2,000
3,000
6,000

$18,560
1,165
17,182
1,180
17,985
2,400
3,600
7,260

00
00
50
00
00
00
00
00

$57,000

$69,332 50

Amount Invested.

$14,500
1,000
14,500
1,000
15,000
2,000
3,000
6,000

00
00
00
00
00
00
00
00

$57,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

101

EAST BRIDGEWATER SAVINGS B A N K -E A S T BRIDGEWATER.
Incorporated 1870.

Number of corporators, 50.

K. E. S h e l d o n , P resid en t.

I. N. N u t t e k , T rea su rert
State m e n t.

L ia b ilit ie s .

A ssets .

V

Deposits, .
Earnings undivided, .
Guaranty fund, .

$441,669 13
9,246 23
8,268 61

1

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate,
. . . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in bank, on interest, .
Expense account, .
Interest account,
Bank building account, .
Cash on hand, . . . .

$459,183 97

$3,970
65,718
1,100
33,000
12,000
196,659
126,655

00
00
00
00
00
00
00

3,844
7,592
346
10
453
7,834

52
39
36
80
27
63

$459,183 97

Loan on Bank Stock : —
On 11 shares Freeman’s National Bank, Boston, .

*$1,100 00

Invested in real estate (for banking purposes),
Estimated value of the same,..................................................
Amount of municipal tax on real estate,
. . . .

$12,000 00
12,000 00
91 56

Cash on Deposit in Bank: —
Tremont National Bank, B o sto n ,..........................................

$7,592 39

Whole amount of interest or profits received or earned,
$22,786 56
Rate and amount of each semi-annual dividend for previous J1 2| per cent, 1
8,335 14
y e a r , ................................................................................... I I 2 per cent. , .I
8,033 87
Times for the dividends, fixed by the by-laws : January and July.
The total amount of loans, with each specified rate of interest: $3,844.52,
4 percent.; $100,025, 5 per cent.; $18,600, 5£ per cent.; $242,759, 6 per
cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 230
...........................................................
184,739 00
Aggregate amount of the same,
.
Number of open a c c o u n ts ,................................................................... 1,472
Number and amount of deposits (including dividends) received for previous
y e a r , ............................................................................................
1,174
123,901 84
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,..................................................
• 92
48,740 69
Number and amount ofwithdrawals,.................................................. 868
73,298 68
Number of accounts opened the previous y e a r , ..................................272
Number of accounts closed the previous y e a r , ..................................... 103
Amount of expenses of thecorporation during previous year, .
.
.
1,204 82
Amount of treasurer’s b o n d ,...........................................................................
10,000 00
Date of examination by commissioner : July 22.
* This bank has been notified that this loan exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

102

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

Public F unds

Par Value.

City of Bath, Me. 6s,
Town of Woburn 6s,
-

Bank

$2,000
2,000

$2,050 00
2,300 00

$2,070 00
1,900 00

$4,000

$4,350 00

$3,970 00

$2,020
1,180
1,836
5,500
1,800
3,325
1,250
2,737
1,820
3,840
2,080
2,100
6,250
2,380
2,574
3,500
2,500
5,125
4,080
5,500
4,600

$2,276
1,225
1,700
5,000
1,800
3,500
1,250
2,300
2,317
4,000
2,000
2,000
6,500
2,167
2,471
3,500
2,500
5,480
4,000
5,150
4,580

$2,000
1,000
1,700
5,000
1,800
3,500
1,000
2,300
2,000
4,000
2,000
2,000
5,000
2,000
2,200
3,500
2,500
5,000
4,000
5,000
4,000
$61,500

R a il r o a d


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount Invested.

Sto c k .

City Nat’l Bank, Boston,
Commonwealth Nat’l B’k, Boston, .
Eagle Nat’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Hide & Leather Nat’l B’k, Boston, .
Market Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
No. America Nat’l Bank, Boston, .
Redemption Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Webster Nat’ l Bank, Boston, .
Brockton Nat’l Bank, Brockton,
Home Nat’l Bank, Brockton, .

Old Colony R R. 6s,
Eastern R.R. 6s,
. . .
Boston, Rev. Beach & Lynn R.R. 6s,
Newport & Richford R.R 5s, .
Vermont & Massachusetts R.R. 5s,
Nashua & Rochester R.R. 5s, .
Fitchburg R.R. 5s, .

Estimated
Market Value.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$65,997 00

75
00
00
00
00
00
00
00
50
00
00
00
00
50
25
00
00
00
00
00
00

$65,718 00

B onds.

$6,000
5,000
4,000
5,000
5,000
3,000
5,000
$33,000

$7,185
6,425
4,760
5,400
5,750
3,240
5,550

00
00
00
00
00
00
00

$38,310 00

$6,000
5,000
4,000
5,000
5,000
3,000
5,000

00
00
00
00
00
00
00

$33,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

103

EAST CAMBRIDGE FIVE CENTS SAVINGS BANK — CAMBRIDGE.
Incorporated 1854. Number of corporators, 44.
G e o r g e S t e v e n s , P resident,

S a m u e l S l o c o m b , Treasurer,
Sta te m e n t.

L ia b ilit ie s .

Deposits, .
$1,253,296 65
Earnings undivided, .
1,317 24
Guaranty fund, .
46,538 94
Premiums, .
3,784 84
Profit and loss, .
24,040 23

A ssets .

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Cash on hand, . . . .

$1,328,977 90

$15,000
128,166
19,000
3.000
22,661
702,439
385,500

00
67
00
00
94
46
00

8.000 00
42,390 94
1,000 00
1,818 89
$1,328,977 90

Invested in real estate (for banking purposes),
Estimated value of the same, . . . .
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$3,000
5,000
22,661
33,600
988
611

00
00
94
00
92
42

Cash on Deposit in Banks, amount in each : —
Lechinere National Bank, Cambridge,...........................................................$39 §90 94
Cambridge National Bank, Cambridge............................................................. 3 goo 00
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous f 24 per cent., 1
y e a r , ................................................................................... i 14 per cent., I
Times for the dividends, fixed by the by-laws: April 15 and October 15.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 74Date of the last extra dividend : October 15, 1875.
The total amount of loans, with each specified rate of interest: $25,000, 3^
per cent.; $68,000, 34 per cent.; $30,000, 3g per cent.: $25,000, 3| per
cent.; $125,240, 4 per cent.; $80,000 4| per cent.; $30,000, 44 per cent.;
$190,525,5 per cent.; $135,600, 54 per cent.; $379,149.46, 6 per cent.;
$1,900, 64 per cent.; $5,125, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 ea ch ,............................................................................................ ....
Aggregate amount of the s a m e , /..................................................
Number of open a c c o u n t s ,..........................................................
5 351
Number and amount of deposits (including dividends) received for pre­
vious year,
.
................................................................... 17,303
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r,................................................................................
Number and amount of withdrawals, .
.
.
.
.
.
4 424
Number of accounts opened the previous year, . . . .
1,333


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$61,867 44
27,029 09
16,938 61

429,714 46

365,386 80
86,602 21
251,423 16

104

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T

Number of accounts closed the previous y e a r , ..................................834
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bond, ............................................................................
Date of examination by commissioner : February 9.

$2,000 00
20,000 00

Public F un ds .

Par Value.

City of Cambridge bonds,
of Cleveland, Ohio, bonds,
of Columbus, Ohio, bonds,

Bank

Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Bunker Hill Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Commonwealth Nat’l B’k, Boston, .
Continental Nat’l Bank, Boston,
Eliot Nat’ l Bank, Boston,
Exchange Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
First Ward Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts Nat’l Bank, Boston,.
Merchants’ Nat’l Bank, Boston,
Metropolitan Nat’l B’k, Boston,
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’ l Bank, Boston,
Third Nat'l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank. Boston,
Webster Nat’l Bank, Boston, .
City Nat’l Bank, Cambridge, .
Charles River Nat’l B’k, Camb’dge,
Lech mere Nat’l Bank, Cambridge,
Newton Nat’l Bank, Newton, .
Fall River Nat’l Bank, Fall River, .
First Nat’l Bank, Malden,
First Nat’l Bank. Marlborough,
Merchants’ Nat’ l B’k, Newburyp’t, .
Concord Nat’l Bank, Concord,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$10,000
3,000
2,000

$10,000 00
3,000 00
2,000 00

$10,000 00
3,000 00
2,000 00

$15,000

$15,000 00

$15,000 00

Sto c k .

$700
5,400
6,300
4,100
6,700
4,000
3,000
1,200
1,600
2,000
5,000
2,100
11,500
6,000
500
5,000
2,400
2,000
1,900
500
1,000
5,800
3,800
11,000
7,600
500
6,700
2,600
2,400
5,100
1,300
1,100
2,500
3,000
600
3,300
$130,200

$840
6,048
7,623
7,462
8,509
4,720
3,540
1,524
2,112
2,720
6,350
1,995
13,685
6,900
475
7,000
2,712
2,880
2,546
525
1,250
8,004
4,712
11,000
7,752
940
6,834
2,600
2,400
7,650
1,300
1,100
2,500
2,500
600
3,300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$154,608 00

$700
5,400
6,300
4,100
6,700
4,000
3,000
1,200
1,600
2,000
4,000
2,100
11,500
6,000
500
5,000
2,400
2,000
1,900
500
1,000
5,800
3,800
11,000
7,600
500
6,700
2,600
2,400
5,066
1,300
1,100
2,500
2,000
600
3,300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
67
00
00
00
00
00
00

$128,166 67

1 8 8 7 .]

P U B L IC

R

a il r o a d

B o nds.

Par Value.

Eastern R.R., .
.
.
.
Boston & Albany R.R., .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

105

D O C U M E N T — N o. 8

.

Estimated
Market Value.

Amount Invested.

$8,500
15,000

$10,880 00
17,850 00

$4,000 00
15,000 00

$28,500

$28,230 00

$19,000 00

i

106

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan

EASTHAMPTON SAVINGS BANK — EASTHAMPTON.
Incorporated Fet>. 10, 1869. Number of corporators, 30.
S a m u e l T. S e e l y e , T reasurer.

J o h n M a t h e r , P resident.
S tatem ent.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Surplus,

A ssets .

$399,161
2,725
15,000
5,500

96
08
00
00

Public funds, . . . .
Bank stock................................
Loan on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Deposit in bank, not on inter­
est,
..................................
Expense account,

$422,387 04

$7,565
93,410
1,300
45,627
209,815
63,518

00
75
00
50
00
00

793 79
357 00
$422,387 04

Loan on Bank Stock : —
On 13 shares First National Bank, E a s t h a m p t o n ,..................................$ 1,300 00
f

Cash on Deposit in Bank : —
First National Bank, E a s th a m p to n ,.......................................................... $793 79
Whole amount of interest or profits received or earned,
. . . .
$23,934 39
Rate and amount of each semi-annual dividend for previous j 2 per cent., 1
6,862 05
y e a r , ....................................................................................1 2 per cent., J
7,227 73
Times for the dividends, fixed by the by-laws: January 23 and July 23.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6£.
Date of the last extra dividend : July, 1876.
The total amount of loans, with each specified rate of interest: $93,580, 5
per cent ; $5,200, 5| per cent.; $64,075, 5J per cent.; $109,588, 6 per
cent.; $2,190, 6£ per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,.......................................................................................... 195
Aggregate amount of the s a m e , ...................................................................
145,378 00
Number of open a c c o u n ts ,...........................................................1,456
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
1,741 134,058 29
Number and amount of deposits of and exceeding $300 atany one time,
for the previous y e a r ,.......................................................................
82
49,343 73
Number and amount of withdrawals,.............................................. 905
91,445 09
Number of accounts opened the previous y e a r , ............................... 314
Number of accounts closed the previous y e a r , ............................... 216
Amount of expenses of the corporation during previous year, .
.
.
1,696 50
Amount of treasurer’s b o n d ,...........................................................................
10,000 00
Date of examination by commissioner: March 15.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

107

D O C U M E N T — N o. 8
Public F unds .

i

Par Value.

$6,000

City of Grand Rapids, Mich., 8s,

Estimated
Market Value.

$7,565 00

Amount Invested.

$7,565 00

B an k S t o c k .

First Nat’l Bank, Easthampton,
First Nat’l Bank, Westfield, .
First Nat’l Bank, Northampton,
Northampton N’l B’k, Northampton,
Hampshire Co. N’l B’k, Northampton,
Holyoke Nat’l Bank, Holyoke,
Chicopee Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield, .
Housatonic Nat’l Bank, Stockbridge,
First Nat’l Bank, Lynn, .
Blackstone Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Nat’l B’k of Commonwealth, Boston,
State Nat’l Bank, Boston,
Pittsfield Nat’l Bank, Pittsfield,

$11,000
5,000
10,200
10,000
1,000
10,000
1,000
2,000
3,000
4,400
2,200
5,000
2,000
700
10,000
2,500
2,200
$82,200

R

Boston & Albany R.R 7s,
Old Colony R.R. 7s,
.
Old Colony R.R. 4is,
Fitchburg R.R. 4s, .
Boston & Maine R R. 7s,
Boston & Lowell R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

a il r o a d

.

$16,500
7,265
13,060
17,500
1,250
13,500
1,700
3,270
5,880
5,500
2,500
7,500
2,600
840
12,500
3,181
3,608

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
25
00

$118,154 25

$11,000
7,000
10,200
11,314
1,000
10,000
1,000
3,270
5,880
4,400
2,200
6,657
2,000
700
10,000
3,181
3,608

00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
25
00

$93,410 75

B onds.

$7,000
15,000
5,000
5,000
7,000
1,000
$40,000

$8,240
18,627
5,600
5,300
8,140
1,123

00
50
00
00
00
00

$47,030 50

$8,000
18,627
5,000
5,000
8,000
1,000

00
50
00
00
00
00

$45,627 50

108

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

EAST WEYMOUTH SAVINGS BANK — EAST WEYMOUTH.
Incorporated, 1872.

Number of corporators, 30.

D a v id T u c k e r , P resident.

J o se p h A. C u s h in g , T reasurer.
Statem ent.

L ia b il it ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

A ssets .

$336,354 76
1,480 00
10,000 00

$347,834 76

Public funds, . . . .
Bank stock,
.
.
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Deposit in bank, on interest, .
Expense account,
Interest accrued, not paid,
Cash on hand, . . . .

$61,000 00
5,400 00
35,000 00
222,235 24
16,816 00
2,422 72
1,047|85
3,162 96
749 99
$347,834 76

Cash on Deposit in Bank : —
Manufacturers’ National Bank, Boston,

52,422 72

Whole amount of interest or profits received or earned,
. . . .
$17,489 18
Rate and amount of each semi-annual dividend for previous f 2 per cent., )
6,213 72
year........................................................................................... ( 2 per cent^ i
6,356 81
Times for the dividends, fixed by the by-laws : April and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5-^,
Date of the last extra dividend: April, 1877.
The total amount of loans, with each specified rate of interest: $38,000, 4
per cent.; $11,555, 4£ per cent.; $1,500,
per cent.; $196,578.70, 6 per
cent.; $18,956.45, 6^ per cent.; $46,083.75, 7 per cent.; $3,000,8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each, .
..........................................
. 218
Aggregate amount of the same, ...........................................
193,151 24
Amount of investments from which no income is received, .
1,000 00
Number of open a c c o u n ts ,..................................................
1,209
rfprevious y e a r , ...........................................................
2,226
71,324 21
Number and amount of deposits of and exceeding
time,
for the previous y e a r ,...........................................................
17,122 00
Number and amount of withdrawals,..................................
. 583
53,172 07
Number of accounts opened the previous year,
. 225
Number of accounts closed the previous year,
. 153
Amount of expenses of the corporation during previous year, •
1,047 85
Amount of treasurer’s b o n d ,..................................................
20,000 00
Date of examination by commissioner: June 5.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

109

D O C U M E N T — N o. 8
Public F un ds .

Par Value.

State, city and town bonds : —
State of Maine,
.
.
.
.
District of Columbia,
City of Charlestown,
of Brockton, .
.
.
.
of Newton,
.
.
.
.
of Boston,
.
.
.
.
of Portland, Me.,
of Dayton, Ohio,
of Grand Rapids, M ich.,.
Town of Abington, .
.
.
.
of Weymouth,

$4,000
4,000
7,000
10,000
2,000
10,000
3,000
3,000
3,000
5,000
10,000

Estimated
Market Value.

$4,250
5,250
7,700
10,380
2,650
10,850
3,250
3,120
4,050
5,140
10,800

00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$4,000
4,000
7,000
10,000
2,000
10,000
3,000
3,000
3,000
5,000
10,000

00
00
00
00
00
00
00
00
00
00
00

$67,440 00

$61,000 00

$4,900
1,000

$5,700 00
1,500 00

$4,900 00
500 00

$5,900

$7,200 00

$5,400 00

$13,700 00

$12,000 00

$61,000

B a n k St o c k .

Union Nat’l Bank, Weymouth,
Central Nat’l Bank, Boston,

R a ilr o ad B onds .

Old Colony R.R.,
.
.
*.
Boston, Clinton, Fitchburg & New
Bedford R.R.,
.
.
.
.
Boston & Maine R R.,
Boston & Lowell R.R., .
Maine Central R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$12,000
12,000
3,000
3,000
5,000
$35,000

13,080
3,600
3,450
6,500

00
00
00
00

$40,330 00

12,000
3,000
3,000
5,000

00
00
00
00

$35,000 00

110

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

ELIOT FIVE CENTS SAVINGS BANK — BOSTON.
Incorporated Feb. 4, 1864.

Number of corporators, 65.
G e o . C. L e a c h , T rea su rer _

J o h n C a r r , P resid en t.
Statem ent.

L ia b il it ie s .

Deposits,
$1,989,924 90
Earnings undivided, .
12,915 46
Guaranty fund, .
38,125 77
Tax account,
3,300 00
Suspense, .
623 78
\

$2,044,889 91

A ssets .

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loan on railroad bonds, .
Railroad notes,
Loans on real estate,
Loans on personal security, .
Deposit in banks, not on inter­
est,
..................................
; Expense account, .
Suspense account, .
Cash on hand, . . . .
■

$417,500
56,900
3,400
112,000
800
55,000
780,539
575,575

00
00
00
00
00
00
50
00

11,963
464
25,002
5,745

81
14
18
28

$2,044,889 91

Loans on Bank Stock, amount on each : —
On 10 shares National Exchange Bank, Boston.............................................. $1,000 00
On 30 shares People's National Bank, B o s t o n , ..........................................
2,400 00
Loan on railroad bonds : —
On 1,000 Maine Central b o n d , ...................................................................$800 00
Cash on Deposit in Bank : —
People’s National Bank, Boston,
Whole amount of interest or profits received or earned,
Hate and amount of each semi-annual dividend for previous 1 2 per cent., f
y e a r , ....................................................................................1 l j per cent., (
Times for the dividends, fixed by the by-laws ^second Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including last extra dividend : 8.
Date of the last extra dividend: May 1, 1874.
The total amount of loans, with each specified rate of interest: $25,000, 3f
per cent.; $150,000, 3£ per cent.; $75,000, 3| per cent.; $120,000, 3| per
cent.; $289,140, 4 per cent.; $59,000, 4| per cent.; $275,600, 4£ per cent.;
$304,200,5 per cent.; $17,362,5£ per cent.; $3^,212.50,6 per cent.; $1,500,
6£ per cent.; $1,500, 7 per cent.; $3,000, 7f*o per cent.; $2,800, 8 per
cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,................................................................................................. 92
Aggregate amount of the same..........................................................................
Number of open a c c o u n t s ,................................................................... 6,992
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,.............................................................................................8,469
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, ...............................................................................388


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$11,963 81
$87,740 98
35,054 67
27,584 83-

152,274 50

577,906 50
236,048 30

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

IH

Number and amount of withdrawals,.................................. 5,010
$421,001 03
Number of accounts opened the previous year, . . . .
1,222
Number of accounts closed the previous y e a r , .....................................805
Amount of expenses of the corporation during previous year, .
.
.
$7,656 41
Amount of treasurer’s b o n d ,...........................................................................
5,000 00
Date of examination by commissioner : March 11.

P ublic F un ds .

United States bonds,
District of Columbia bonds,
State, city and town bonds: —
State of Maine,
.
.
.
.
of New Hampshire,
City of Boston,
.
.
.
.
of Manchester, N. H.,
of Bangor, Me.,
of Providence, R. I.,
of Lynn, .....................................
of Portsmouth, N. H.,
of Dover, N. H ,
of Springfield, .
.
.
.
of Taunton,
.
.
.
.
of Lowell,
.
.
.
.
of Lawrence, .
.
.
.
of Fall River...............................
of Portland, Me.,
of Chelsea,
.
.
.
.
Town of Marlborough, .
of Woburn, .
.
.
.

Par Value.

Estimated
Market Value.

Amount Invested.

$125,000
7,000

$138,750 00
7,840 00

$125,000 00
7,000 00

1,000
2,600
102,000
10,000
4,000
25,000
10,000
10,000
5,900
20,000
20,000
13,000
15,000
10,000
5,000
15,000
9,000
8,000
$417,500

1,065
3,416
115,402
12,150
4,840
29,000
12,000
11,500
6,500
27,600
24,200
14,690
18,000
10,200
5,900
17,550
9,450
8,800

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$478,853 00

1,000
2,600
102,000
10,000
4,000
25,000
10,000
10,000
5,900
20,000
20,000
13,000
15,000
10,000
5,000
15,000
9,000
8,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$417,500 00

B a n k St o c k .

People’s Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Mt. Vernon Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Nat’l Bank of Redemption, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$16,800
1,000
1,000
4,300
3,000
3,000
1,400
1,300
7,000
6,100
2,000
1,000
5,000
2,000

$25,200
1,260
1,080
5,117
2,843
4,200
1,638
1,527
8,417
8,448
2,505
1,335
5,887
2,500

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$16,800
1,000
1,000
4,300
3,000
3,OUI)
1,400
1,300
7,000
6,100
2,000
1,000
5,000
2,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00

112

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

B a n k Stock — Concluded.

Nat’l B’k of No. America, Boston, .
Naumkeag Nat’l Bank, Salem,

Par Value.

Estimated
Market Value.

Amount Invested.

$1,000
1,000

$1,250 00
1,372 00

$1,000 00
1,000 00

$56,900

$74,579 00

$56,900 00

$23,500 00
33,600 00
22,880 00

$20,000 00
29,000 00
22,000 00

R a ilr o ad B onds .

Conn. & Passumpsic Rivers R.R., .
Boston & Lowell R.R., .
Newport & Richford R.R.,
Boston, Clinton, Fitchburg & New
Bedford R.R.,
.
Fitchburg R.R.,
.
Old Colony R.R.,
.
Boston & Albany R.R., .
Vermont & Massachusetts R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$20,000
29,000
22,000
11,000
4,000
6,000
10,000
10,000
$112,000

12,530
4,520
7,200
11,737
11,150

00
00
00
00
00

$127,117 00

11,000
4,000
6,000
10,000
10,000

00
00
00
00
00

$112,000 00

\

1 8 8 7 .]

P U B L IC

D O C U M E N T — No. 8 .

113

ESSEX SAYINGS BANK — LAWRENCE.
Incorporated March 12, 1847.

Number of corporators, 38.

J o se p h S h a t t u c k , P resid en t.

J a m e s H . E a t o x , T reasurer.

S t a te m e n t .
L iabilities .

Deposits, .
$4,808,924 05
Earnings undivided, .
138,241 30
Guaranty fund, .
117,000 00

A ssets .

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal securiiy, .
Deposit in banks, on intere-t, .
Deposit in banks, not on inter­
est,
..................................
Cash on hand, . . . .

$5,064,165 35

$634,000
304,025
22,770
358,500
5,000
15.000
2,377,371
1,20s,265
123,895

00
00
00
00
00
00
00
00
78

6,469 85
8,868 72
$5,064,165 35

Loans on Bank Stock, amount on each : —
On 136 shares Bay State National Bank, Lawrence,
On 14 shares National Pemberton Bank, Lawrence,
On 76 shares Pacific National Bank, Lawrence, .
On 20 shares Andover National Bank, Andover, .
On 8 shares National Hide and Leather Bank, Boston,
On 24 shares Old Lowell National Bank, Lowell, .
Invested in real estate (for banking purposes),
Estimated value of the same,..........................................
Amount of real estate held by foreclosure, .
Assessed value of the s a m e ,..........................................
Amount of income received from the same, .
Amount of municipal tax on real estate,

$ 10,100 00
1,400 00
6.800 00
2,000 00

470 00
2,000 00

$5,000
30.000
15.000
30,450
2,810
831

00
00
00
00
00
92

Cash on Deposit in Banks, amount in each: —
National Hide and Leather Bank, Boston,
Bay State National Bank, Lawrence,
. .

.

.

$123,895 78
6,469 85

Whole amount of interest or profits received or earned,
. . . .
$251,454 53
Rate and amount of each semi-annual dividend for previous f 2 per cent., ) 87,702 29
y e a r , ................................................................................... 1 2 per cent., i
90,245 29
Times for the dividends, fixed by the by-laws: third Wednesday in April
and October.
The total amount of loans, with each specified rate of interest: $232,000,
4 per cent.; $540,975, 4£ percent.; $1,549,185,5 per cent.; $212,715, 5£
per cent.; $1,073,531, 6 percent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .................................................................................................. 479
Aggregate amount of the s a m e , ...................................................................
832,486 00
Number of open accounts,
...........................................................14,502


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

/

114

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number and amount of deposits (including dividends) received for previous
y e a r , ............................................................................................
18,805 $1,212,908 08
Number and amount of deposits of and exceeding $300 at any one time,
331,660 13
for the previous y e a r ,......................................................................... 602
948,730 68
8,3-57
Number and amount of withdrawals,................................. ........
Number of accounts opened the previous year, .
.
.
•
3,326
Number of accounts closed the previous year, . . . .
2,298
8,835 97
Amount of expenses of the corporation during previous year,
25,000 00
Amount of treasurer’s bond,..................................................
Date of examination by commissioner : October 25.

P ublic F un d s .

Par Value.

District of Columbia 6s, .
United States currency 6s,
United States 4s,
. . .
United States 4^s, .
.
.
.
City of Fall River 6s,
of Lawrence 4s,
of Lawrence 6s,
of Lynn 6s,
of Newton 5s...............................
Rockland, Me., 6s, .

$50,000
80,000
100,000
200,000
25,000
80,000
19,000
50,000
16,000
14,000
$634,000

Estimated
Market Value.

$55,000
100,000
128,000
222,000
31,000
85,000
21,800
60,000
17,600
14,000

00
00
00
00
00
00
00
00
00
00

$734,400 00

Amount Invested.

$50,000
80,000
100,000
200,000
25,000
80,000
19,000
50,000
16,000
14,000

00
00
00
00
00
00
00
00
00
00

$634,000 00

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Bay State Nat’l Bank, Lawrence, .
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Commonwealth Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Globe Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Hide and Leather Nat’l B’k, Boston,
Lawrence Nat’l Bank, Lawrence, .
Lincoln Nat’l Bank, Boston, .
Massachusetts Nat’l Bank, Boston, .
Maverick Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Mt. Vernon Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
North Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$13,000
4,000
24,975
1,000
3,000
4,000
7,500
2,000
13,000
8,000
10,000
4,700
23,200
10,000
2,500
2,500
3,750
5,100
20,000
4,600
15,000
10,000

$15,600
5,300
39,000
1,100
3,600
4,700
9,500
2,300
13,600
10,000
10,000
4,400
26,600
11,900
2,900
2,700
3,500
11,000
28,000
6,300
15,700
13,400

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$13,000
4,000
24,975
1,000
3.000
4,000
7,500
2,000
13,000
8,000
10,000
4.700
23,200
10,000
2,500
2,500
3,750
5,100
20,'00
4,600
15,000
10.( 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

1 8 8 7 .]

P U B L IC

115

D O C U M E N T — N o. 8

B a n k Stock — Concluded.

Par Value.

Revere Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .

$ 2 2,500
2 5 .0 0 0
2 ,7 0 0
1 0.000
1 0,0 0 0
1 0 ,0 0 0
6 ,00 0
1,000
2 5,0 0 0

Estimated
Market Value.

$ 2 8 ,9 0 0
3 4 ,5 ' '0
3 ,2 0 0
11,(100
1 1 ,7 0 0
1 0 ,2 0 0
5 ,9 0 0
1 ,40 0
2 5 ,0 0 0

00
00
00
00
00
00
00
00
00

Amount Invested.

$ 2 2 ,5 0 0
2 5 .0 0 0
2 ,7 0 0
1 0 .0 0 0
1 0 ,0 0 0
1 0 .0 0 0
6 .0 0 0
i,o o o
2 5 ,0 0 0

00
00
00
00
00
oo
00
oo
00

$ 3 7 2 ,9 0 0 0 0

$ 3 04 ,0 25 0 0

$200,000
50,000
50.000
53,500
5,000

$236,000
57,500
55,000
68,000
5,500

$200,000
50,000
50,000
53,500
5,000

$358,500

$122,000 00

$ 3 0 1 ,0 25

R ailr o ad B onds .

Boston & Maine R.R. 7s,
Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 4^s,
Eastern R.R. 6s,
. . .
Fitchburg R.R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00

00
00
00
00
00

$358,500 00

116

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

FAIRHAVEN INSTITUTION FOR SAYINGS — FAIRHAYEN.
Incorporated 1832. Number of corporators, 39.
G e o r g e H. T a b e r , P resid en t.

C h a r l e s H. M o r t o n , T reasurer.
Statem ent,

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Suspense account,

$415,467
2,681
13,295
448

72
68
65
50

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Real estate.................................
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, not on inter­
est,
..................................
Expense account, .
Cash on hand, . . . .

$431,893 55

$28,500
121,620
120
4,847
34,000
118,320
110,775

00
00
00
45
00
86
00

13,630 79
5 83
73 62
$431,893 55

Loan on Bank Stock: —
On 5 shares National Bank of F a irh a ven ,..................................... $120

00

Invested in real estate (for banking p u r p o se s),............................$4,847
Estimated value of the same,.........................................................
4,847
34,000
Amount of real estate held by foreclosure,................................
Assessed value of the s a m e ,.........................................................
15,000
Amount of income received from the sam e,................................
248
Amount of municipal tax on real e s t a t e , ................................
176

45
45
00
00
00
67

Cash on Deposit in Bank: —
National Bank of Fairhaven,........................................................................... $13,630 79
Whole amount of interest or profits received or earned,
. . . .
$20,797 49
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
8,112 76
year........................................................................................... J 2 per cent., 1
7,979 19
Times for the dividends, fixed by the by-laws : last Monday in April and
October.
The total amount of loans, with each specified rate of interest: $20,000, 4<|
per cent.; $10,000, 4| per cent.; $51,050, 5 per cent.; $24,000, 5£ per
cent.; $10,350, 5| per cent.; $89,131.90, 6 per cent.; $3,350, 6£ per cent.;
$11,430, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................ 91
Aggregate amount of the same.................................................
64,391 90
Amount of investments from whichno income is received,. . . .
1,600 00
Number of open accounts............................................................................. 819
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................. 221
41,134 69
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,........................................................................... 26
15,672 41
Number and amount of withdrawals,.................................................. 416
39,637 54


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

117

D O C U M E N T — N o. 8

Number of accounts opened the previous y e a r , .......................................78
Number of accounts closed the previous y e a r , .......................................80
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner: June 9.

$1,97770
10,000 00

P ublic F un ds .

City and town bonds : —
City of Bath, Me., .
.
.
of Belfast, Me.,
Town of Fairhaven,

.

Par Value.

Estimated
Market Value.

Amount Invested.

$5,000
6,500
17,000

$5,000 00
6,500 00
20,400 00

$5,000 00
6,500 00
17,000 00

$28,500

$31,900 00

$28,500 00

B an k St o c k .

Nat’l B ink of Fairhaven.
Mechanics’ Nat’l B’k, New Bedford,
First Nat’l Bank, New Bedford,
Citizens’ Nat’l Bank, New Bedford,
Nat’ l B’k of Commerce, N. Bedford,
Nat’l Bank of Commerce, Boston, .
Eliot Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Nat’l B’k of the Republic, Boston, .
State Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Nat’l Bank of No. America, Boston,
Continental Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Nat’l Webster Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$12,640
6,800
9,000
8,000
4,000
9,000
5,000
4,000
10,000
6,000
8,000
5,000
8,000
5,000
3,500
2,500
$106,440

$12,640
11,560
13,680
9,920
4,800
11,700
6,500
5,360
12,100
8,600
9,600
6,000
8,400
6,000
3,500
2,625

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$132,985 00

$12,640
10,880
12,150
9,600
4,800
9,900
5,500
4,600
11,000
7,500
8,800
5,250
8,000
5,000
3,500
2,500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$121,620 00

118

[J a n .

B A N K C O M M IS S IO N E R S ’ R E P O R T

FALL RIVER FIVE CENTS SAVINGS BANK — FALL RIVER.
Incorporated April 10, 1853.
W

alter

Number of corporators, 60.
C h a r l e s J. H o l m e s , Treasurer.

C. D u r e e e , P resid en t.
St a te m e n t.

A ssets .

L ia b il it ie s .

$1,468,706 00
Deposits,
46,830 63
Earnings undivided, .
28,478 79
Guaranty fund, .

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest,.
Deposit in banks, not on inter­
est,
.................................
Expense account, .
Border City Manufacturing Co.
to secure indebtedness,
Cash on hand............................

$1,544,015 42

$100,000
259,800
70,000
41,126
3,100
751,701
256,600
25.000

00
00
00
29
00
00
00
79

8,000 00
1,431 05
27.000 00
256 29
$1,544,015 42

Invested in real estate (for banking p u rp o ses),................................................$41,126
Estimated value of the same,..........................................................
45,000
Amount of real estate held by foreclosure,..................................................
3,100
Assessed value of the s a m e ,...........................................................................
3,000
Amount of income received from the sam e,..................................................
103
Amount of municipal tax on real e s t a t e , .................................................
846

29
00
00
00
95
00

Cash on Deposit in Banks, amount in each : —
Traders’ National Bank, Boston........................................................................
Second National Bank* Fall R i v e r , ...........................................................

$25,000 79
8,000 00

$88,499 60
Whole amount of interest or profits received or earned.................................
Rate and amount of each semi-annual dividend for previous ) 2^ per cent., | 32,029 92
32,996 46
y e a r , ........................................................................... >2^ per cent., 1
Times for the dividends, fixed by the by-laws: second Monday in June and
December.
The total amount of loans, with each specified rate of interest: $10,000,4^
per cent.; $71,000, 4J per cent.; $10,000, 4f per cent.; $100,000, 4| per
cent.; $63,800, 5 per cent.; $741,901,5£ per cent.; $10,600, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................258
$354,081 00
Aggregate amount of the s a m e , .......................................... ........
Number of open a c c o u n t s ,................................................................... 5,912
Number and amount of deposits (including dividends) received for pre­
362,014 88
vious y e a r , .......................................................................................... 14,955
Number and amount of deposits of and exceeding $300 at any one time,
144,240 78
for the previous y e a r ,.............................................................................. 232
218,643 60
Number and amount of withdrawals,.................................................. 2,577
Number of accounts opened the previous year, .
. . .
1,195
Number of accounts closed the previous y e a r , .....................................665


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

119

Amount of expenses of the corporation during the previous year,
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner: July 21.

$3,639 40
20,000 00

P ublic F un d s .

United States currency 6s,

Par Value.

Estimated
Market Value.

Amount Invested.

$100,000

$134,000 00

$100,000 00

B an k Sto c k .

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Commerce Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Exchange Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Howard Nat’l Bank, Boston, .
Maverick Nat’l Bank, Boston,.
Merchandise Nat’ l Bank, Boston, .
Monument Nat’l Bank, Boston,
No. America Nat’l Bank, Boston, .
Revere Nat’ l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather Nat’l B’k, Boston, .
Third Nat’l Bank, Boston,
J
Traders’ Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
First Nat’l Bank, Malden,
Oxford Nat’l Bank, Oxford, .
Palmer Nat’l Bank. Palmer, .
First Nat’l Bank, Chelsea,
Metacomet Nat’l Bank, Fall River,
Nat’ l Union Bank, Fall River,
Second Nat’l Bank, Fall River,

$3,000
10,000
12,000
3,200
10,000
700
1,500
10,000
4,000
5,000
7,500
14,300
2,200
5,000
8,500
8,400
7,500
11,700
10,000
7,000
15,000
3,000
10,000
2,000
2,700
30,0 00
9,400
5,000
41,200
$259,800

$4,035
12,025
13,440
3,879
10,300
889
1,908
10,000
5,200
10,600
8,943
16,659
4,840
5,200
18,190
9,060
9,300
13,952
10,175
7,000
15,000
3,060
13,000
2,240
2,970
37,500
11,280
4,500
47,380

00
00
00
90
00
00
75
00
00
00
75
50
00
00
00
00
00
25
00
00
00
00
00
00
00
00
00
00
00

$3,000
10,000
12.000
3,200
10,000
700
1,500
10,000
4,000
5,000
7,500
14,300
2,200
5,000
8,500
8,400
7,500
11,700
10,000
7.000
15,000
3,000
10,000
2.000
2,700
30,000
9,400
5,000
41,200

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$312,528 15

$259,800 00

$96,000 00

$70,000 00

\
R a ilr o a d B onds .

Rutland R.R. equipment,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$100,000

120

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

FALL RIVER SAVINGS BANK — FALL RIVER.
Incorporated 1828. Number of corporators, 129.
W

il l ia m

C. A B a s se t t , Treasurer.

L in d s e y , P resid en t.
S t a t e m e n t ..

A ssets .

L ia b ilit ie s .

Deposits,
$5,265,567 42
38,656 61
Earnings undivided, .
Guaranty fund, .
128,100 00

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns, .
. . .
Loans on bank books,
Deposit in banks, on interest, .
Expense account,
Stocks, to secure indebtedness,
Cash on hand, . . . .

$5,432,324 03

$346,990
736,800
7,500
285,140
45.000
15.000
1,752,142
1,716,725

00
00
00
00
00
00
00
00

191,000 00
100 00
315,491 87
810 48
19.000 00
624 68
$5,432,324 03

Loan on Bank Stock: —
On 47 shares Fall River National Bank,
On 20 shares Metacoinet National Bank,
On 5 shares Pocasset National Bank,
On 9 shares Massasoit National Bank, .
Invested in real estate (for banking purposes)
Estimated value of the same............................
Amount of real estate held by foreclosure, .
Assessed value of the same, .
.
.
Amount of income received from the same, .
Amount of municipal tax on real estate,

I

.

j- $7,500 00

$45,000
45,400
15.000
13.000
513
1,130

00
00
00
00
86
82

Cash on Deposit in Banks, amount in each : —
Metacomet National Bank, Fall R i v e r , ...................................................$105,500 00
Massasoit National Bank, Fall River, .
.
.
.
.
.
.
.
75,000 00
Fall River National Bank, Fall R iver,...........................................................
100,000 00
Third National Bank, Springfield,...................................................................
25,000 00
National Bank of Redemption, Boston, .
.................................................. 9,991 87
Whole amount of interest or profits received or earned..................................$267,824 23
Rate and amount of each semi-annual dividend for previous 1 2^ per cent., ( 110,268 83
y e a r , ........................................................................... J 2^ per cent., I 113,228 56
Times for the dividends, fixed by the by-laws: first Monday in April and
October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4.83J.
Date of the last extra dividend: October 2, 1882.
The total amount of loans, with each specified rate of interest: $137,500,
3 per cent.; $30,000, 3J per cent ; $10,000,3.^ per cent.; $91,500 4 per
cent.; $760,000, 4£ per cent.; $1,069,225, 5 per cent.; $1,491,292, 5£ per
cent.; $77,775, 6 per cent.; $175, 7 per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

121

D O C U M E N T — N o. 8.

Number of outstanding loans which are of an amount not exceeding
$3,000 each,...............................................................................................502
Aggregate amount ofthe same,
.
.
.
.
.
.
.
.
.
Number of open a c c o u n ts ,................................................................. 10,642
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...................................................................................
28,277
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y ea r,..........................................594
Number and amount of withdrawals,..........................
7,132
Number of accounts opened the previous year, . . . .
1,752
Number of accounts closed the previous year,
. . . .
1,192
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bond, ...........................................................................
Date of examination by commissioner: July 1.

$658,715 00

957,896 51
379 347 45
682,723 23

10,465 16
25,000 00

Public F unds .

Par Value.

United States 4|s, .
.
City of Boston 5s, .
of Cambridge 4s, .
of Lynn 4s,
.
of Fall River 6s,
.
of Fall River 5s,
of Fall River 4s,
.

.

.

Estimated
Market Value.

$100,000
100,000
80,000
10,000
20,000
1,000
30,000

$111,500
121,500
86,400
10,900
27,000
1,100
30,900

00
00
00
00
00
00
00

$341,000

$389,300 00

Amount Invested.

$100,000
103,500
80,000
10,900
21,500
1,090
30,000

00
00
00
00
00
00
00

$346,990 00

B a n k St o c k .

Fall River Nat’l Bank, Fall River, .
Metacomet Nat1] Bank, Fall River,
Massasoit Nat’l Bank, Fall River, .
Second Nat’l Bank, Fall River,
Merchants’ Nat’l B’k, New Bedford,
Nat’l B’k of Commerce, New Bedford,
First Nat’l Bank, New Bedford,
Fir-4 Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Howard Nat 1 Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Hide & Leather Nat’l B’k, Boston, .
Nat’ l Bank of No. America, Boston,
Nat’l Revere Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Washington Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$71,500
93,500
43,200
15,000
22,000
42,000
50,000
33,000
23,200
15,000
40,000
30,000
16,000
25,000
40,000
30,000
20,000
20,000
$629,400

$82,225
112,200
71,280
17,250
40,700
48,300
74,000
69,960
35,728
19,050
54,400
34,800
22,400
29,750
42,000
37,200
25,400
25,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$841,643 00

$79,110
106,590
64,950
15,000
28,600
46,200
55,000
61,050
31,900
15,000
46,000
30 000
20,400
25 000
40,000
30,000
20,000
22,000

00
00
00
00
00
00
00
00
0)
00
00
00
00
00
00
00
00
00

$736,800 00

122

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

R a ilr o ad B onds .

N. Y., Boston & Providence R R. 7s,
Boston & Albany R.R. 6s,
Fitchburg R.R. 5s, .
Boston, Clinton, Fitchburg & New
Bedford R R. 5s................................
New Bedford R.R. 7s,
Old Colony R.R. 4|s,
Old Colony R.R. 7s,
Old Colony R.R. 6s,
. ' .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$7,000
85,000
15,000

$9,250 00
100,300 00
17,250 00

$9,240 00
85,000 00
15,000 00

16,000
5,000
50,000
13,000
77,000
$268,000

19,040
6/'50
56,500
15,730
91,110

00
00
00
00
00

$315,230 00

18,16u
5,850
54,250
13,780
83,860

00
00
00
00
00

$285,140 00

1 8 8 7 .J

P U B L IC

123

D O C U M E N T — N o. 8

FARMERS’ AND MECHANICS’ SAYINGS BANK — SOUTH FRAMINGHAM.
Incorporated April 23, 1883. Number of corporators, 18.
W

il l a r d

G e o r g e E. C u t l e r , Treasurer.

H o w e , President.
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits, .
Guaranty fund, .
Interest account,

$182,110 18
790 00
12 30

$15,881
117,185
35,378
4,500

Bank stock................................
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest,.
Deposit in banks, not on in­
terest, ..................................
Fixtures,..................................
Cash on hand, . . . .

00
00
00
00

9,690 71
144 00
133 77
$182,912 48

$182,912 48
Cash on Deposit in Banks, amount in each : —
Framingham National Bank,....................................................................$4,500
South Framingham National B a n k , ...................................................*9,690

00
71

Whole amount of interest or profits r e c e i v e d ,.................................. $7,150
77
Rate and amount of each semi-annual dividend for previous 1 2 percent.,!
2,318 26
y e a r , ......................................................................................J2$ per cent., 1
3,244 84
Times for the dividends, fixed by the by-laws: first Tuesday in April and
October.
The total amount of loans, with each specified rate of interest: $26,200, 5
per cent.; $10,200, 5J per cent.; $116,163, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................ 93
Aggregate amount of the s a m e , ...................................................................
87,363 00
Number of open a c c o u n ts ,...........................................................
777
Number and amount of deposits (including dividends) received for pre­
vious year.........................................................................................
1,330
118,567 79
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,................................. •
. . . .
91
51,090 0^
Number and amount of withdrawals, .
513
57,680 39
Number of accounts opened the previous y e a r , ..................................428
Number of accounts closed the previous y e a r , .....................................122
Amount of expenses of the corporation during previous year, .
.
.
802 76
Amount of treasurer’s bond, ...........................................................................
10,000 00
Date of examination by commissioner: June 1.
B a n k St o c k .
Estimated
Market Value.

Amount Invested.

$2,400

$3,480 00

$3,345 75

500
1,100

525 00
1,375 00

540 00
1,362 25

Par Value.

Framingham Nat’l B’k, Fram’gh’m,
South Framingham Nat’l Bank, So.
Framingham,
.
.
.
.
Holliston Nat’l Bank, Holliston,

* This bank has been notified that their deposit exceeds the legal limit.


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Federal Reserve Bank of St. Louis

124

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k Stock — Concluded.

Par Value.

Northboro1 Nat’l Bank, Northboro’,
Market Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Continental Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$900
2,000
600
2,100
1,600
1,000
600
$12,800

Estimated
Market Value.

$1,125
1,900
724
2,525
2.084
1,252
904

00
00
50
25
00
50
50

$15,895 75

Amount Invested.

$1,134
2,008
724
2,525
2,084
1,252
904

00
25
50
25
00
50
50

$15,881 00

P U B L IC

1 8 8 7 .]

125

D O C U M E N T — N o. 8

FITCHBURG SAVINGS BANK — FITCHBURG.
Incorporated Feb. 12, 1846. Number of corporators, 58.
T h o r n to n K . W

are,

P resid en t.

C h a r l e s J. B il l in g s , T rea surer.
Statem ent.

A ssets .

L ia b ilit ies .

$2,264,996 41
Deposits, .
33,574 09
Earnings undivided, .
67,000 00
Guaranty fund, .

$136,222
200
218,196
9,700
54,300
50.000
150,000
53,150
825,575
786,522

Public funds, . . . .
Loan on Public funds,
Bank stock,
.
.
.
.
Loans on bank stock,
Railroad bonds,
Railroad notes,
Real estate.................................
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities, or
tow n s,.................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Expense account, .
Cash on hand, . . . .

50
00
00
00
00
00
00
00
00
50

25.000 00
50,203 65
5,000 00
378 50
1,122 35
$2,365,570 50

$2,365,570 50

Loan on Public Funds: —
On $200 United States 4 s , ........................................................................... $200 00
Loans on Bank Stock, amount on each: —
On 10 shares Fitchburg National Bank, F itc h b u r g ,................................. $1,000 01
On 110 shares Safety Fund National Bank, Fitchburg,
. . . .
8,700 00
Invested in real estate (for banking p u r p o s e s ) ..........................................$150,000 00
Estimated value of the same,
•
..................................................
150,000 00
Amount of real estate held by foreclosure,..................................................
53,150 00
Assessed value of the s a m e ,...........................................................................
45,325 00
A m ou n t o f incom e received from the sam e, .
.
.
.
.
.
.
4,094 22
Amount of municipal tax on real e s t a t e , ..................................................
2,928 86
Cash on Deposit in Banks, amount in each
Maverick National Bank, Boston, .
Fitchburg National Bank, Fitchburg,
Westminster National Bank, Westminster,
Safety Fund National Bank, Fitchburg,
Leominster National Bank, Leominster,

.
.

.

$5,203
25.000
5,000
15.000
5,000

65
CO
CO
CO
CO

Whole amount of interest or profits received or earned................................. $113,869 11
Rate and amount of each semi-annual dividend for pre- j 2 per cent., J 42,817 27
vious year, .
.
.
.
.
.
.
.
.
I 2 per cent., t 43,412 5o
Times for the dividends, fixed by the by-laws : January 1 and July 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6 3-5.
Date of the last extra dividend: June 1, 1871.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

126

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

[Jan

The total amount of loans, with each specified rate of interest: $25,200, 2£
per cent.; $30,000, 3J per cent.; $50,000, 3f per cent.; $25,000, 3| per
cent.; $388,600, 4 per cent.; $25,000,4| per cent.; $25,000, 4^ per cent.;
$58,000, 4J per cent.; $25,000, 4J per cent.; $846,700, 5 per cent.;
$286,025,
per cent.; $120,160, 6 per cent.; $1,500,
per cent.;
$20,535, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 265
Aggregate amount of the s a m e , ................................................................... $348,325 00
Amount of investments from which no income isreceived .
.
.
1,350 00
Number of open a c c o u n ts ,................................................................... 5,729
Number and amount of deposits (including dividends) received for pre­
vious year..........................................................................................
3,219
409,777 22
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.......................................................................... 299
178,910 00
Number and amount of withdrawals,........................................
2,473
334,765 52
Number of accounts opened the previous y e a r , ..................................761
Number of accounts closed the previous y e a r , ..................................... 650
Amount of expenses of the corporation duringpreviousyear,
.
.
.
4,744 85
Amount of treasurer’s b o n d ,...........................................................................
25,000 00
Date of examination by commissioner: November 5.
P ublic F un ds .

•1
Par Value.

United States bonds,
City of Fitchburg bonds,
of Norwich, Conn., bonds,
of Portland, Me., bonds,.

$50,000
67.000
17.000
5,000
$139,000

Estimated
Market Value.

$64,250
73,240
23,460
6,200

00
00
00
00

$167,150 00

Amount Invested.

$50,000
63,625
17,935
4,662

00
00
00
50

$136,222 50

B a n k St o c k .

Fitchburg Nat’l Bank, Fitchburg, .
Rollstone Nat’l Bank, Fitchburg, .
Safety Fund Nat’l Bank, Fitchburg,
First Nat’l Bank, Leominster,.
First Nat’l Bank, Ashburnham,
Crocker Nat’l Bank, Turner’s Falls,
Townsend Nat’l Bank, Townsend, .
City Nat’l Bank, Worcester, .
Quinsigamond Nat’l B’k, Worcester,
Merchants’ Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Nat’l Revere Bank, Boston,
Nat’l Hide & Leather B’k, Boston, .
Nat’l Bank of No. America, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$15,300
11,300
17,000
2,000
10,000
20,000
500
10.000
3,000
20,000
15,000
13,300
11,600
10,000
15,000
10,000
6,600

$22,950
16,950
18,700
1,000
10,500
26,000
625
13,000
3,300
27,800
17,550
16,093
15,544
11,000
18,600
11,900
6,930

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$16,736
12,210
18,050
2,200
10,000
20,000
500
10,000
3,000
20,000
15,000
13,300
11,600
10,000
15,000
11,600
6,600

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

1 8 8 7 .]

P U B L IC
B

ank

S t o c k — C o n c lu d e d .

Nat’l B’k of Commerce, N. Bedford,
Citizens’ Nat’l Bank, New Bedford,

R

a il r o a d

Fitchburg R R.,
Vermont & Massachusetts R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

127

D O C U M E N T — N o. 8

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000
10,000

$11,575 00
13,000 00

$12,400 00
10,000 00

$210,600

$263,017 00

$218,196 00

$34,000
16,000

$38,080 00
18,080 00

$37,000 00
17,300 00

$50,000

$56,160 00

$54,300 00

B onds.

I

128

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

FLORENCE SAYINGS BANK — FLORENCE.
Incorporated 1873. Number of corporators, 39.
A. T. L i l l y , P resid en t.

M. W . B o n d , Treasurer.
St a t e m e n t .

A ssets .

L ia b ilit ies .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$195,514 46
881 30
5,341 67

Public funds, . . . .
Bank stock,
. . . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in banks, on interest, .
Expense account, .
Cash on hand, . . . .

$201,737 43

$8,000
11,500
110,611
29,142

00
00
00
20

10,000
31,782
119
582

00
33
20
70

$201,737 43

Cash on Deposit in Banks, amount in each : —
Hampshire County National Bank, Northampton,
.
Northampton National Bank, Northampton....................................................
Easthampton National Bank, Easthampton, .
.
.
.
.
.
.
Home National Bank, H o ly o k e ,...................................................................

$9,282 33
6,500 00
8,000 00
8,000 00

Whole amount of interest or profits received or earned,
. . . .
$10,071 19
Rate and amount of each semi-annual dividend for previous f 2 per cent., ( 3,351 71
y e a r , .................................................................................... (2 per cent., I
3,595 45
Times for the dividends, fixed by the by-laws : second Tuesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5.
Date of the last extra dividend: April, 1884.
The total amount of loans, with each specified rate of interest: $10,000, 4
per cent.; $18,000, 5 per cent.; $121,753.20, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,......................................................................................... 147
Aggregate amount of the same..........................................................................
107,253 20
Numner of open a c c o u n t s ,.......................................................... 1,022
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
1,402
61,953 97
Number and amount of deposits of and exceeding $300 atany one time,
for the previous y e a r ,....................................................................... 37
21,995 96
Number and amount of withdrawals, .
. ' ............................. 719
43,286 60
Number of accounts opened the previous y e a r , ...............................176
Number of accounts closed the previous year,
.
126
Amount of expenses of the corporation during previous year, .
.
.
1,051 87
Amount of treasurer’s bond...............................................................................
10,000 00
Date of examination by commissioner : March 8.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

129

D O C U M E N T — N o. 8.
P ublic F un ds .

Abington water bonds,

.

Bank

Estimated
Market Value.

Amount Invested.

$8,000

$8,575 00

$8,000 (0

$6,000
5,500

$7,500 00
5,830 (0

$6,0r0 00
5,500 00

$11,5(0

$13,330 00

$11,500 00

Sto c k .

Hampshire Co. N’l B’k, Northampton,
Home Nat’l Bank, Holyoke, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

/

'
i

B A N K C O M M IS S IO N E R S ’ R E P O R T .

130

[Jan.

FOXBOROUGH SAVINGS BANK — FOXBOROUGH.
Incorporated 1855. Number of corporators, 38.
C h a r l e s W . H o d g e s , President.

E l i P h e l p s , Treasurer.
St a t e m e n t .

A ssets .

L iab ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$110,276 93
3,923 07
3,500 00

■

$117,700 00

$19,000
' 200
13,250
7,000
3,500
63,130
2,450
100
7.534
1.535

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loan on deposit book,
Deposit in banks, on interest, .
Cash on hand, . . . .

00
00
00
00
00
00
00
00
89
11

$117,700 00

Loan on Public Funds : —
On $200 United States, 4s,
Amount of real estate held by foreclosure,
Assessed value of the same, .
Amount of income received from the same,
Amount of municipal tax on real estate,

$200 00
$3,500
3,250
229
49

00
00
50
75

Cash on Deposit in Banks, amount in each
Merchandise National Bank, Boston,
Boston Safe Deposit and Trust Co.,

$5,464 31
2,070 58

Whole amount of interest or profits received or earned,
.
. . .
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
y e a r , ....................................................................................12 per cent., 1
Times for the dividends, fixed by the by-laws : June and December.
Average annual per cent, of dividends for the term ending at time of, and
including last extra dividend: 5 461-1000.
Date of the last extra dividend: June, 1885.
The total amount of loans, with each specified rate of interest: $60,680,
6 per cent.; $5,200, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each...............................................................................................86
Aggregate amount of the same,
.
f
...................................................
Number of open a c c o u n ts ,.......................................... ........
•
• 595
Number and amount of deposits (including dividends) received for pre. 383
vious y e a r , ...........................................................
at any one time,
Number and amount of deposits of and exceeding
. 21
for the previous y e a r ,...........................................................
. 339
Number and amount of withdrawals,..................................
. 94
N um ber o f accounts opened the previou s year,
. 65
Number of accounts closed the previous year,
Amount of expenses of the corporation during previous year,
Amount of treasurer’s bond......................................................
Date of examination by commissioner: May 7.

$5,668 60
1,970 62
1,977 48


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

61,880 00

29,187 28
10,644 00
22,332 48

428 37
10,000 00

\

1887 ]

P U B L IC

D O C U M E N T — N o. 8.

131

P ublic F un ds .

Par Value.

City of Fall River 6s,
of Lynn 5s,
.
.
.
.
of Keene, N. H., 4s,
of Dover, N. H., 6s,
South Norwalk, Conn., 6s,

$2,' 00
9,' »00
2,000
1,000
5,000
$19,000

Estimated
Market Value.

$2,480
11,<)25
2,160
1,160
6,000

Amount Invested.

$2,000
9.000
2.000
1,0 .0
5,000

00
00
00
00
00

00
00
00
00
00

$19,000 00

22,825 00

B a n k St o c k .

Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Faneuil Hall Nat’l Bank, Boston, .
Nat’l Hide and Leather B’k, Boston,
Merchandise Nat’l Bank, Boston, .
Old Boston Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Dedham Nat’l Bank, Dedham,
Wrentham Nat’l Bank, Wrentham,

$1,000
2,200
800
1,500
3.000
600
1.000
2,800
350

$1,135
2,926
1,080
1,792
3,120
720
1,020
3,276
425

00
00
00
50
00
00
00
00
00

,

$1,000
2,200
800
1,500
3.000
600
1.000
2,800
350

00
00
0)
0>
00
00
00
00
00

$15,494 50

$13,250 00

$5,000

$5,950 00

$5,000 00

2,000

2,460 00

2,000 00

$7,000

$8,410 00

$7,000 00

$13,250

R ailroad B onds .

Vermont & Massachusetts R.R. 5s, .
Boston, Clinton, Fitchburg & New
Bedford R R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

132

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

FRAMINGHAM SAVINGS BANK — FRAMINGHAM.
Incorporated March, 1846. Number of corporators, 37.
A dolphtjs M e r r i a m , President.

L . F . F u l l e r , Treasurer.

The Framingham Savings Bank is still under the temporary injunction
issued by the Supreme Judicial Court, Sept. 28, 1885.
The treasurer has not yet made the annual return required.
An extended statement relative to this bank may be found in the “ Gen­
eral Remarks ” at the commencement of this report.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

133

FRANKLIN SAYINGS BANK — BOSTON.
Incorporated 1861. Number of corporators, 75.
O sm y n B r e w s t e r , P resid en t.

H enry W

h it t e m o r e ,

T rea surer.

S tatem ent.

L ia b il it ie s .

A ssets .

Deposits,
$4,787,984 57
Earnings undivided, .
23,838 42
Guaranty fund, .
107,000 00
Profit and loss, .
93,141 58

Public funds, . . . .
Bank stock................................
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest,.
Expense account, .
Cash on hand............................

$314,000
213,250
34,000
147,000
94,231
3,123,405
962,050
118,416
3,704
1,906

$5,011,964 57

00
00
00
00
34
00
00
92
97
34

$5,011,964 57

Loans on Bank Stock, amount on each : —
On 350 shares Broadway National Bank, Boston,
On 35 shares Continental National Bank, Boston, .
On 10 shares Boylston National Bank, Boston,
On 40 shares First National Bank, South Weymouth,.
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,
.

.

.

.

.

.
.

.
.

.
.

.
.

.
.

.

.

.

$28,000
3,300
500
2,200

00
00
00
00

$94,231
81,800
4,922
1,040

34
00
22
03

Cash on Deposit in Banks, amount in each: —
Boylston National Bank, Boston, .
Revere National Bank, Boston,
.

.
.

.
.

.
.

$96,931 14
21,485 78

Whole amount of interest or profits received or earned,
$228,987 26
Rate and amount of each semi-annual dividend for previous 12 per cent., f 81,778 26
y e a r , ..................................................
. Jf 2 per cent., 1 86,910 87
[’imes for the dividends, fixed by the by-laws : February 1 and August 1.
Average annual per cent, of dividends for the term ending at time of, and
including last extra dividends: 5 5-6.
Date of the last extra dividend: August 1, 1873.
The total amount of loans, with each specified rate of interest: $535,300,
4 per cent.; $50,000,4^ per cent.; $1,035,300,4£ per cent.; $60,300, 41 per
cent.; $2,053,505, 5 per cent.; $162,300, 5^ per cent.; $195,350, 6 per
cent.; $12,400, 6^ per cent.; $15,000, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ..........................................................
201
Aggregate amount of the s a m e , ...................................................................
385,575 00
Amount of investmentsfrom which no income is received, . . . .
55,654 52
Number of open a c c o u n t s ,................................................................ 10,568
Number and amount of deposits (including dividends) received for previous
year...................................................................................................
9,147 1,238,585 77


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Federal Reserve Bank of St. Louis

134

[Jan.

B A N K C O M M IS S IO N E R S ’ R E P O R T

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,................................................................... 1,018
Number and amount of withdrawals...............................................6,589
Number of accounts opened the previous year, .
.
.
i
1,961
Number of accounts closed the previous year................................1,176
Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bond,...........................................................
Date of examination by commissioner: March 1.

$609,297 21
731,026 51

16,484 63

10,000 00

P ublic F unds .

Tar Value.

$3,000
1,000
4,000
6,000
50,000
10,000
40,000
20,000
80,000
70,000
30,000

City of Boston 5s, .
of Cambridge 6s,
of Fall River 6s,
of Providence, R. I., 5s, .
of Somerville 5s,
of Springfield 7s,
of Columbus, Ohio, 4s, .
of Cleveland, Ohio, 4s, .
Town of Spencer 4s,
of Natick, 5|s,
of Barre 5s, .

$314,000

Kstimated
Market Value.

$3,363
1,132
5,320
7,020
55,500
13,750
41,400
20,700
83,600
79,800
30,900

00
00
00
00
00
00
00
00
00
00
00

$342,485 00

Amount Invested.

$3,000
1,000
4,000
6,000
50,()0o
10,000
40,000
20,000
80,000
70,000
30,000

00
00
00
00
00
00
00
00
00
00
00

$314,000 00

B a n k St o c k .

State Nat’l Bank, Boston,
Nat’l Bank of No. America. Boston,
Nat’ l Bank of Commerce, Boston, .
Globe Nat’l Bank, Boston,
Blackstone Nat’ l Bank, Boston,
Shoe and Leather Nat’ l B’k, Boston,
Freeman’s Nat’ l Bank, Boston,
Old Boston Nat’l Bank. Boston,
Atlantic Nat’l Bank, Boston, .
Nat’l City Bank, Boston, .
Eliot Na't’l Bank, Boston, ' .
Fourth Nat’l Bank, Boston,
First Ward Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Nat’l Webster Bank, Boston, .
Nat’ l Revere Bank, Boston,
Atlas Nal’ l Bank. Boston,
Second Nat’l Bank. Boston,
North Nat’! Bank, Boston,
Nat’ l Exchange Bank, Boston,
Third Nat’l Bank, Springfield,
Naumkeag Nat’l Bank, Salem,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$6,000
10,000
6,000
5,600
20,000
14,200
10,000
19,750
2,500
4,900
2,200
5,610
500
23,500
10,900
20,000
5,5< 0
5,500
14,600
17,500
5,000
3,500
$213,250

$7,020
10,500
7,620
5,320
22,400
14,448
10,025
23,700
3,333
4,949
2.799
6,160
635
27,788
11,118
24,800
6,613
8,470
19,637
22,460
10,000
4,795

00
00
00
00
00
50
00
00
75
00
50
00
00
75
00
00
75
00
00
00
00
00

$254,533 25

$6,000
10,000
6,000
5,600
20,000
14,200
10,000
19,750
2,500
4,900
2,200
5,600
500
23,500
10,900
20,000
5,500
5,500
14,600
17,500
5,000
3,500

00
60
00
00
00
00
00
U0
00
00
<0
00
00
00
00
00
00
00
00
00
00
00

$213,250 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

135

R a il r o a d B onds .

Fitchburg R.R. 5s, .
Boston & Maine R.R. 7 s ,.
Old Colony R.R. 6s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$114,000
30,000
3,000

$127,680 00
36,300 00
3,615 00

$114,000 00
30,000 00
3,000 00

$147,000

$167,595 00

$147,000 00

13 G

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

FRANKLIN SAYINGS INSTITUTION — GREENFIELD.
Incorporated April 2, 1834. Number of corporators, 21.
S a m u e l 0 . L a m b , President.

W

/
L ia b ilit ie s .

Deposits,
$3,033,114
f u O j i i T 68
do
Earnings undivided, .
41,345 12
Guaranty fund, .
86,900 00

H. A l l e n , Treasurer.

il l i a m

Statem ent.

A ssets .

Public
r i i u i i i funds,
•
•
•
Loan on public funds,
J L m i n v stock,
a iu iK ,
.
.
Bank
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security,
Loans to counties, cities oi
towns, . . . .
Deposit in banks, on interest
Expense account,
Interest due,
Cash on hand, .

$915,500
700
65,900
51,189
307,500
689,525
820,267

00
00
00
63
00
25
00

115,900
136,943
1,885
1,067
4,981

00
00
97
01
94

$3,161,359 80

$3,161,359 80

Loan on Public Funds : —
On $700 United States 4 s , ............................................................................

$700 00

Loans on Bank Stock, amount on each: —
On 54 shares First National Bank, G re en fie ld ,..........................................
On 39 shares Franklin County National Bank, Greenfield, .
¡ On 125 shares Home National Bank, H o ly o k e ,..........................................
¿On 5,shares Shelburne Falls National Bank,..................................................
On 10 shares City National Bank, W o r c e s t e r ,..........................................
On 98 shares Hampshire County National Bank, Northampton, .
.
1
On 26 shares First National Bank, Northampton,
.
.
.
.
>
On 62 shares First National Bank, Northampton,..........................................
On 18 shares Conway National B a n k ,...........................................................
On 20 shares Crocker National Bank, Turner’s F a lls,..................................
On 21 shares City National Bank, W o r c e s t e r ,..................................1
On 28 shares Ware National Bank, W a r e , .......................................... J
On 12 shares City National Bank, G lou cester,..........................................
On 50 shares North National Bank, Boston,..................................................

$5,400 00
* 3,900 00
10,000 00

400 00
800 00
12,400 00
5,389 63

1,200 00
2,000 00

4,900 00

1,000 00
3,800 00

Cash on Deposit in Banks, amount in each: —
First National Bank, Greenfield,...................................................................
Hide and Leather National Bank, B o s t o n ,..................................................
Packard National Bank, Greenfield,
.
.
.
.
.
.
.
.
City National Bank, Springfield,...................................................................
Vermont National Bank, Brattleboro, V t ........................................................
Athol National Bank, A thol,............................................................................
Home National Bank, Holyoke.........................................................................
Whole amount of interest or profits received or earned,
.
Rate and amount of each semi-annual dividend for previous
year,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

* A deposit book is hold as additional security.

.

.

$39,853
3,089
15.000
50.000
9,000

80
20
00
00
00

10.000 00
10,000 00

18b 7 .J

P U B L IC

137

D O C U M E N T — N o. 8

Times for the dividends, fixed by the by-laws : January 1 and July 1.
Average annual per cent, of dividends for the term ending at time of, and
including last extra dividend : 7.
Date of the last extra dividend: January, 1872.
The total amount of loans, with each specified rate of interest: $50,000,
3| per cent.; $50,000, 3£ per cent.; $260,800, 4 per cent.; $109,375,
per cent.; $216,725,4£ per cent.; $25,000, 4| per cent.; $963,581.88,5 per
cent.; $2,100, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................... 522
Aggregate amount of the same,
.
...........................................................$447,066 68
Number of open a c c o u n ts ,...........................................................7,127
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...................................................................................
3.241 408,130 21
Number and amount of deposits of and exceeding $300 atany one time,
for the previous year................................................................................ 264
153,905 19
Number and amount of withdrawals,.................................
3,290
346,280 27
Number of accounts opened the previous y e a r , ..................................... 690
Number of accounts closed the previous y e a r , .....................................581
Amount of expenses of the corporation during previous year, .
.
.
4,967 37
Amount of treasurer’s bon d ,...........................................................................
50,000 00
Date of examination by commissioner: November4.

P ublic F un d s .

Par Value.

United Stales 4Js, .
.
.
.
Citv of Malden,
.
.
.
.
of Nashua, N. H., .
of Worcester, .
.
.
.
of Springfield,
of Lawrence, .
.
.
.
of Fitchburg, .
.
.
.
of Boston,
.
.
.
.
of L y n n ,.....................................
of Cambridge,
of Holyoke,
.
.
.
.
of Lowell,
.
.
.
.
of Portland, Me.,
.
.
.
of Fall River, .
of Brockton, .
.
.
of Providence, R. I.,
of Taunton
.
.
.
.
Town of Adams,
.
.
.
.
of Brookline,
of Everett, .
.
.
.
of Amherst, .
.
.
.
ot Greenfield,
of G i l l ,.....................................
of Chicopee Falls,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$60,000
60,000
75,000
18,000
34,000
30,000
13,000
72,000
10,000
64,000
46,000
46,000
5,000
70,000
28,000
125,000
1,000
25,000
42,000
25,000
35,000
12,500
8,000
11,0 0 0

Estimated
Market Value.

$67,050
71,537
100,500
22,365
47,545
39,675
14,820
91,555
12,300
70,860
59,340
52,095
5,212
8» >,614
34,930
163,291
1,247
29,625
57,680
29,062
39,754
12,905
8,433
11,476

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$915,500 $1,123,901 00

Amount Invested.

$60,000
60,000
75,000
18,000
34,000
30,000
13,000
72,000
10,000
64,000
46,000
46,000
5,000
70,( 00
28,000
125,000
1,000
25,000
42,000
25,000
35,000
12,500
8,000

00
00
00
00
00
00
00
00
00
00
00
0O
00
(0
00
0O
00
00
00
00
00
60
00

1 1 ,0 0 0 oo

$915,500 00

138

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k St o c k .

Par Value.

First Nat’l Bank, Greenfield, .
First Nat’l Bank, Northampton,
Nat’l Bank of Commerce, Boston, .
Faneuil Hall Nat’l Bank, Boston, .
Nat’l B’k of North America, Boston,
Revere Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Pittsfield Nat’l Bank, Pittsfield,
Adams Nat’l Bank, North Adams, .

$9,800
4,900
15,300
500
8,700
12,500
10,200
3.000
1.000
$65,900

Estimated
Market Value.

$18,620
6,370
19,431
681
9,135
15,500
10,404
4,680
1,450

00
00
00
00
00
00
00
00
00

Amount Invested.

$9,800
4,900
15,300
500
8.700
12,500
10,200
3.000
1.000

00
00
00
00
00
00
00
00
00

$86,271 00

$65,900 00

$60,250
108,166
74,460
29,781
59,750
50,000
30,000

$50,000
100,000
57,500
25,000
50,000
50,000
25,000

R ailr o a d B onds .

1
Vermont & Massachusetts R.R.,
Fitchburg R.R.,
Eastern R.R., .
.
.
.
Boston & Albany R.R., .
Vermont Valley R.R.,
Connecticut River R.R., .
Boston & Lowell R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$50,000
100,000
57,500
25,000
50,000
50,000
25,000
$357,500

00
00
00
OU
00
00
00

$412,407 00

00
00
00
00
00
00
00

$357,500 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

139

GARDNER SAVINGS BANK — GARDNER.
Incorporated 1868. Number of corporators, 83.
J o h n D. E d g e l l , T rea surer.

F r a n k l in E a t o n , P resid en t.
St a t e m e n t .

1
A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Interest,

$919,876
3,687
28,426
7,595

81
50
89
07

Public funds, . . . .
Bank stock,
.
.
.
.
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
.................................
Expense account,
Cash on hand, . . . .

$959,586 27

$7,250
105,900
6,300
61,000
900
432,614
160,486

00
00
00
00
00
21
34

157,300 00
6,334 62
20,500 00
403 75
597 35
$959,586 27

Loans on Bank Stock, amount on each : —
On 65 shares First National Bank, G a r d n e r , .......................................... $5,800 00
On 6 shares Westminster National Bank, Westminster,
. . . .
500 00
Amount of real estate held by foreclosure,..........................................
Assessed value of the sa m e ,...........................................................................
Amount of income received from the s a m e ,..................................................
Amount of municipal tax on real e s t a t e , ..................................................

$900
1,200
54
24

00
00
00
00

Cash on Deposit in Banks, amount in each : —
Pacific National Bank, B o s t o n , ................................................................... $1,334 62
Westminster National Bank, Westminster,..................................................
5,000 00
First National Bank, G a r d n e r ,...................................................................
20,500 00
Whole amount of interest or profits received or earned,. . . .
$43,563 49
Rate and amount of each semi-annual dividend for pre-) 2 per cent., f 16,407 48
vious y e a r , ...............................................................12
per cent > l
16,961 50
Times for the dividends, fixed by the by-laws : January 1 and July 1.
The total amount of loans, with each specified rate of interest: $157,300, 4
per cent.; $138,482 34, 5 per cent.; $460,918.21, 6 per cent.
Number of outstanding loans which are of an amount not exceeeding
$3 000 each,............................................................................................ 613
Aggregate amount of the s a m e , ...................................................................
409,600 55
Number of open a c c o u n ts ,...........................................................2,986
Number and amount of deposits (including dividends) received for pre­
vious year, ....................................................................................
7,621
206,220 23
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,..........................................
127
72,527 40


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Federal Reserve Bank of St. Louis

140

B A N K C O M M IS S IO N E R S ’ R E P O R T

Number and amount of withdrawals,..........................................
Number of accounts opened the previous year, .
Number of accounts closed the previous year,
.
Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bond, .
..................................
Date of examination by commissioner: October 20.

[Jan

1,366 $146,547 36
. 421
. 306
2,335 56
15,000 00

P ublic F unds .

Par Value.

United States 4^s,
United States 4s,
City of Cleveland,
of Cleveland,

.
.
.
.
. . .
Ohio, 7s, .
Ohio, 6s, .

Estimated
Market Value.

Amount Invested.

$1,100
1,150
3.000
2.000

$1,221
1,472
3,540
2,4(J0

$7,250

$8,633 00

$7,250 00

$6,000
2,300
10,080
2,100
1,400
2,750
12,000
12,000
4,640
678
1,080
2,900
14,125
1,770
5,200
5,850
740
2,020
2,800
5,600
500
6,350
2,525
5,950
1,188
2,012
6,900
5,900

$5,000
2,000
8,400
2,000
1,000
1,800
10,000
10,000
2,900
600
1,000
2,500
12,500
1,500
5,000
5,000
500
1,500
2,000
5,0i 0
500
5,000
2,500
5,000
1,100
1,600
5,OnO
5,000

00
00
00
00

$1,100
1,150
3.000
2.000

00
00
00
00

B a n k St o c k .

Mechanics’ Nat’l Bank, Worcester,.
Citizens’ Nat’l Bank, Worcester,
First Nat’l Bank, Gardner,
First Nat’l Bank, Ashburnham,
First Nat’ l Bank, Winchendon,
Miller’s River Nat’l Bank, Athol, .
Crocker Nat’l Bank, Turner’s Falls,
Orange Nat'l Bank, Orange, .
Rollstone Nat’l Bank, Fitchburg, .
Metropolitan Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
State Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
Mechanics’ Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Everett Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Shoe & Leather Nat’l Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Nat'l Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
Nat’ l Bank of the Republic, Boston,
N ’l B’k of the Commonwealth,Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
2,000
8,400
2,000
1,000
1,800
10,000
10,000
2,900
600
1,000
2,500
12,500
1,500
5,000
5,000
500
1,500
2,000
5,000
500
5,000
2,500
5,000
1,100
1,600
5,000
5,000
$105,900

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
(:0
00
00

$127,358 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$105,900 00

1 8 8 7 .J

P U B L IC

141

D O C U M E N T — N o. 8
R a ilr o ad B onds .

Par Value.

Boston & Albany R R. 7s,
Boston & Maine R.R. 7s, .
Boston, Rev. Beach & Lynn R R. 6s,
Conn. & Passumpsic Rivers R.R., 7s,
Old Colony R.R. 4s,.
Fitchburg R R. 6s, .
.
.
.
Fitchburg R.R. 4s................................
Boston & Lowell R.R. 4s,
Old Colony R.R. 6s,
. . .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$13,000
ô,000
5,000
10,000
5,000
5,000
8,000
5,000
5,000

$15,210
5,900
5,750
11,700
5,750
5,900
8,480
5,150
6,050

00
00
00
00
00
00
00
00
00

$61,000

$69,890 00

Amount Invested.

$13,000
5,000
5,000
10,000
5,000
5,000
8,000
5,< 00
5,000

00
00
00
00
00
00
00
00
00

$61,000 00

142

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

GEORGETOWN SAYINGS BANK — GEORGETOWN.
Incorporated 1868.

Number of corporators, 61.
O r l a n d o B. T e n n e y , Treasurer.

J e r e m ia h P . J o n e s , P resid en t.
St a t e m e n t .

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$325,589 30
2,076 40
8,700 00

Public funds, . . . .
Bank stock,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
towns, .
.
.
.
.
Deposit in banks, on interest, .
Deposit in bank, not on inter­
est,
..................................
Cash on hand, . . . .

$336,365 70

$22,000
13,100
3.000
213,914
55,698

00
00
00
17
10

5,800 00
20,467 02
2.000 00
386 41
$336,365 70

Amount of real estate held by foreclosure,...................................................f 3,000
Assessed value of the same, . .........................................................................
2,800
Amount of income received from the same......................................................
253
Amount of municipal tax on real e s t a t e , ...................................................
39

00
00
00
94

Cash on Deposit in Banks, amount in each : —
Georgetown National B a n k ,........................................................................... $14,09-5 32
Maverick National Bank, Boston, .
.......................................... 8,371 70
Whole amount of interest or profits received or earned,
. . . .
$18,379 27
Rate and amount of each semi-annual dividend for previous f 2£ per cent., f
7,157 23
y e a r , ....................................................................................1 2^ per cent., (
7,437 61
Times for the dividends, fixed by the by-laws: third Wednesday in April
and October.
The total amount of loans, with each specified rate of interest: $11,900, 5
per cent.; $14,410, 5£ per cent.; $195,782, 6 percent.; $3,725, 6£ per
cent.; $49,595.27, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each,
....................................................................................
• 248
185,763 27
Aggregate amount of the s a m e , ...........................................................
Number of open a c c o u n ts ,................................................................... 951
Number and amount of deposits (including dividends) received for pre71,577 79
vious y e a r , ............................................................................................ 611
Number and amount of deposits of and exceeding $300 at any one time,
28,035 27
for the previous year..............................................................................., 52
35,849 02
Number and amount of withdrawals,.................................................. 429
Number of accounts opened the previous y e a r , .................................., 128
Number of accounts closed the previous y e a r , .................................., 69
1,342 20
Amount of expenses of the corporation during previous year, .
•
10,000 00
.
Amount of treasurer’s b on d ,...................................................................
Date of examination by commissioner: April 21.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

DOCUM ENT-N o .

143

8

P ublic F unds .

Par Value.

County of Merrimack, N. H., 6s,
City of Bath, Me., 6s,
ot Bangor, Me., 6s, .
of Bangor, Me , 7s, .
of Belfast, Me., 6s, .
of Portland, Me.. 6s,
of Rockland, Me., 6s,
of Concord, N. H., 6s,
Town of Melrose, Mass., 7s, .

$1,000
2.500
2,000
2,000
4,000
1,500
3,000
1,000
2,000
$22,000

Estimated
Market Value.

$1,310
2,600
2,200
2 40 )
4,000
1,650
3,000
1,187
2,500

00
00
00
00
00
00
00
00
00

$23,847 00

Amount Invested.

$1.000
2.500
2.000
2,000
4,000
1,500
3,000
1,000
2,000

oo
00
00
00
00
00
00
00
00

$22,000 00

B a n k St o c k .

Georgetown Nat’l Bank, Georget’n,
Columbian Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$4,000
1,300
3,000
1,000
3,000
$12,300

$4,400
1,600
3,700
910
3,000

00
00
00
00
00

$13,610 00

$4,800
1,300
3,000
1,000
3,000

00
00
00
00
00

$13,100 00

\

144

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T .

GRAFTON SAVINGS BANK — GRAFTON.
Incorporated March 13, 1869. Number of corporators, 48.
G eorge

K.

N i c h o l s , President.

H enry

F.

W i n g , T rea surer.

Statem ent.

L ia b il it ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

A ssets .

$220,787 82
11,954 69
4,600 00

Public funds, . . . .
Bank stock,
. . . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in bank, not on inter­
est,
.
.
.
.
.

$15,634
37,474
55,585
53,310

37
99
00
00

73,065 00
2,273 15

$237,342 51

$237,342 51

Cash on Deposit in Bank : —
Grafton National B a n k ,....................................................................................$2,273 15
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous t 2 per cent., <
y e a r , ....................................................................................i 2 per cent., <
Times for the dividends, fixed by the by-laws: January and July.
The total amount of loans, with each specified rate of interest: $76,565, 4
percent.; $30,000, 4£ per cent.; $14,950,5 per cent.; $60,445,6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each,
............................................................................................
. 68
Aggregate amount of the s a m e , ..................................................
Number of open a c c o u n t s ,..........................................................
. 705
Number and amount of deposits (including dividends) received for previous y e a r , ....................................................................................
. 367
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...................................................................
. 17
Number and amount of withdrawals,..................................
. 262
Number of accounts opened the previous year, .
.
.
.
. 76
Number of accounts closed the previous y e a r , ................................. . 46
Amount of expenses of the corporation during previous year,
Amount of treasurer’s b on d ,...........................................................
.
Date of examination by commissioner : May 12.

10,100 69
4,244 82
4,240 72

72,595 00

36,589 74
11,952 31
28,438 25

100 00
10,000 00

Public F un ds .

Par Value.

.

United States 4^s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

$15,000

Estimated
Market Value.

$16,800 00

Amount Invested.

$15,634 37

1 8 8 7 .]

P U B L IC

145

D O C U M E N T — N o. 8
B a n k St o c k .

Par Value.

Redemption Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
State Nat’ l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Webster Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Massachusetts Nat’l Bank, Boston, .
City Nat’l Bank, Boston, .
No. America Nat’l Bank, Boston, .
Eliot Nat’l Bank. Boston,
Manufacturers’ Nat’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Spencer Nat’l Bank, Spencer, .
First Nat’l Bank, Grafton,
Grafton Nat’l Bank, Grafton, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,000
3,000
2,0u0
1,000
1,300
1,500
1,000
3,800
1,400
500
300
2,800
1,000
500
500
1,000
1,300
6,300
$32,200

Estimated
Market Value.

$3,750
3,690
2,440
1,205
1,342
1,759
1,343
3,610
1,400
510
303
2,975
1,275
500
555
1,100
1,560
7,245

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$36,562 00

Amount Invested.

$4,187
3,814
2,040
1,222
1,476
1,744
1,206
4,276
1,949
677
363
3,200
1,230
550
500
1,000
1,462
6,575

75
00
00
75
12
50
25
00
50
12
25
25
00
00
00
00
50
00

$37,474 99


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .J

P U B L IC

D O C U M E N T — N o. 8

147

R a ilk o a d B on ds .

Par Value.

Boston & Maine R.R. 7s,.
Fitchburg R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$2,000
1,000

$2,425 00
1,062 50

$2,471 25
1,062 50

$3,000

$3,487 50

$3,533 75

I

B A N K C O M M IS S IO N E R S ’ R E P O R T .

148

[Jan.

GREAT BARRINGTON SAYINGS BANK — GREAT BARRINGTON.
Incorporated Feb. 3, 1869. Number of corporators, 53.
E

gbert

C h a r l e s J. T a y l o r , T rea surer.

H o l l is t e r , P resid en t.
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$342,056 83
12,810 55
6,484 24

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in banks, on interest,.
Deposit in banks, not on intere s t , ..................................
Expense account, .
Cash on hand, . . . .

$11,000
52,275
330
11,000
13,000
619
165,450
57,936

00
16
74
00
00
45
97
69

547 35
33,054 56
14,178 06
1,188 93
769 71
$361,351 62

$361,351 62

Loan on Bank Stock: —
On 5 shares National Mahaiwe Bank, Great Barrington,

.

.

.

.

$330 74

\

Invested in real estate (for banking p u rp o ses),..........................................$13,000 00
Estimated value of the s a m e , ...................................................
13,000
Amount of real estate held by foreclosure, ...................................................
619
Assessed value of the s a m e ,............................................................
500
Amount of income received from the sam e,..................................
15
Amount of municipal tax on real e s t a t e , ...................................
73

00
45
00
00
13

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, B o s t o n , ..................................... $16,991
Springfield Safe Deposit and Trust Company, Springfield,. . . .
National Mahaiwe Bank, Great Barrington,..................................
14,178

04
16,063 52
06

Whole amount of interest or profits received or earned,. . . .
Rate and amount of each semi-annual dividend forprevious f 2per cent., f
y e a r , .................................................................................. 12
per cent., 1
Times for the dividends, fixed by the by-laws : January and July.
The total amount of loans, with each specified rate of interest: $67,503.05,
5 per cent ; $156,762.70, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,................................................................................................185
Aggregate amount of the same,
.
...........................................................
Amount of investments from which no income is received,. . .
.
Number of open a c c o u n ts ,..........................................
.
1,549
Number and amount of deposits (including dividends) received for pre­
vious year.........................................................................................
4,044
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................. 63

$17,062 24
5,501 35
5,965 24


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

130,312 70
628 68

103,385 81
31,981 27

P U B L IC

1 8 8 7 .]

149

D O C U M E N T — N o. 8
829
323
197

Number and amount of withdrawals,..........................................
Number of accounts opened the previous year...............................
Number of accounts closed the previous year,
.
Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bon d ,...........................................................
Date of examination by commissioner : August 16.

$51,421 75

1,640 22
10,000 00

P ublic F unds .

Par Value.

United States 4|s, .
.
.
.
City of Bridgeport, Conn., 3^s,

Estimated
Market Value.

Amount Invested.

$1,000
10,000

$1,110 00
10,000 00

$1,000 00
10,000 00

$11,000

$11,110 00

$11,000 00

B a n k St o c k .

N’l Mahaiwe B’k, Great Barrington,
Lee Nat’l Bank, Lee,
Pittsfield Nat’l Bank, Pittsfield,
First Nat’l Bank of Adams, Adams,
Housatonic Nat’l Bank, Stockbridge,
Faneuil Hall Nat’ l Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Nat’l Bank of Redemption, Boston,
Hamilton Nat’ l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
New England Nat’ l Bank, Boston, .
Shoe & Leather Nat’l B’k, Boston, .
Union Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,
Merchants’ Nat’l Bank, Boston,

$3,800
4,800
300
1,000
300
1,000
1,300
5,900
1,900
1,000
5,400
6,600
1,400
4,200
2,500
$41,400

$4,940
6,720
480
1,500
540
1,300
1,495
7,375
2,470
1,430
7,830
6,600
1,960
4,284
3,425

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$52,349 00

$5,445
5,816
405
1,280
450
1,500
1,703
7,502
2,227
1,345
7,290
7,062
2,020
4,835
3,392

20
67
00
00
00
00
00
59
75
00
00
00
20
25
50

$52,275 16

R ailr o ad B on ds .

Boston
Boston
Boston
Boston

& Albany R.R. 7s,
& Albany R.R. 6s,
& Lowell R.R. 6s,
& Providence R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
1,000
3,000
2,000
$11,000

$5,900
1,200
3,510
2,420

00
00
00
00

$13,030 00

$5,000
1,000
3,000
2,000

00
00
00
00

$11,000 00

150

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

GREENFIELD SAYINGS BANK — GREENFIELD.
Incorporated 1869. Number of corporators, 30.
N e w e l l S n o w , P resid en t.

A l b e r t M . G l e a s o n , T reasurer.
Statem ent.

L ia b ilit ie s .

Deposits,
$1,236,394 32
Earnings undivided, .
7.262 .55
Guaranty fund, .
25,000 00

A ssets .

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
. . .
Loans on personal security, .
Loans to counties, cities or
to w n s ,..................................
Deposit in banks, on interest,.
Expense account,
Furniture and fixtures, .
Interest due, . . . .
Premiums,
. . . .
Cash on hand,.
.
.

$1,268,656 87

$171,000
750
115,200
16,040
20,500
593,136
169,155

00
00
00
00
00
00
06

10.600
113,869
1,016
2,246
482
54,468
191

00
81
35
97
55
98
15

$1,268,656 87

Loans on Public Funds, amount on each : —
On $500 State of New Hampshire 6 s , ..................................
On $1,000 United States, 4 ^ s,..................................................

$500 00
250 00

Loans on Bank Stock, amount on each : —
On 88 shares Conway National Bank, Conway,
On 60 shares Palmer National Bank, Palmer,
On 10 shares Adams National Bank, N, Adams, .
On 9 shares Packard National Bank, Greenfield, .
On 2 shares Franklin County National Bank, Greenfield,
On 5 shares First National Bank, Northampton, .

$7,500 00
*

.

6,000 00
1,000 00

900 00
140 00
500 00

Cash on Deposit in Banks, amount in each : —
Athol National Bank, Athol..............................................
Conway National Bank, Conway, .
.
.
.
.
Springfield Safe Deposit and Trust Company, Springfield,
Orange National Bank, O r a n g e ,..................................
Lancaster National Bank, Clinton,..................................
People’s National Bank, Brattleboro, Vt.,
Home National Bank, Holyoke,
.
.
.
.
.
Holyoke National Bank, Holyoke,
Packard National Bank, Greenfield,
. . . .
National Bank of Commerce, Boston, .
.
jnternational Trust Company, Boston, . . . .

$ 20,000 00

17,074
16,002
15.000
15.000
11,309
10.000
5,000
3,842
216
424

89
04
00
00
24
00
00
48
73
43

Whole amount of interest or profits received or earned,
. . . .
$58,012 32
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 22,188 31
J'ear> ....................................................................................12 per cent., 1
23,141 40
Times for the dividends fixed by the by-laws : January 1 and July 1.
* This bank has been notified that this loan exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

151

D O C U M E N T — N o. 8

The total amount of loans, with each specified rate of interest: $6,250, 4
per cent.; $5,000, 4| per cent.; $4,100, 4J per cent.; $500, 4| per cent.;
$773,831.06, 5 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................ 448
Aggregate amount of the s a m e , ...................................................................$356,403 52
Number of open a c c o u n ts ,................................................................... 2,880
Number and amount of deposits (including dividends) received for pre­
1,926
284,226 92
vious y e a r , ...................................................................................
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 240
155,641 07
Number and amount of withdrawals,..........................................
1,737
186,820 80
Number of accounts opened the previous y e a r , ..................................544
Number of accounts closed the previous y e a r , ..................................218
Amount of expenses of thecorporation during previous year, .
.
.
2,885 94
Amount of treasurer’s b o n d ,...........................................................................
25,000 00
Date of examination by commissioner : October 12.
P ublic F un d s .

Par Value.

City and town bonds :
City of Burlington, V t , .
of Milwaukee, Wis.,
of Springfield,
Town of Pittsfield, .
.
of Rutland, Vt.,

.

.

$35,000
28,000
3,000
65,000
40,000
$171,000

Estimated
Market Value.

$11,300
32,200
3,840
68.900
42,800

00
00
00
00
00

$189,040 00

Amount Invested.

$35,000
28,000
3,000
65,000
40,000

00
00
00
00
00

$171,000 00

B an k St o c k .

Market Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Second Nat’l Bank, Boston,
Washington Nat’l Bank, Boston,
Metropolitan Nat’l Bank, Boston, .
Nat’l Bank of Redemption, Boston,
Nat’l Revere Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Nat’l City Bank, Boston, .
Agawam Nat’l Bank, Springfield, .
Chicopee Nat’l Bank, Springfield, .
Third Nat’l Bank, Springfield.
City Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield, .
Holyoke Nat’l Bank, Holyoke,
Hadley Falls Nat’l Bank, Holyoke,.
First Nat’l Bank, Westfield, .
Orange Nat’l Bank, Orange, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,800
4,200
3,800
3,500
1,000
300
3,000
5,200
4,800
1,300
600
5,000
300
11,000
4.500
7.000
13,800
1,400
5,000
5,000

$1,638
5,344
5,320
4,375
1,540
375
3,390
6,500
5,952
1,560
606
6,750
540
20,350
5,850
11,550
20,700
2,394
7,000
6,500

00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1,800
4,200
3,800
3,500
1,000
300
3,000
5,200
4,800
1,300
600
5,000
300
11,000
4,500
7,000
13,800
1,400
5,000
5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

152

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k Sto c k — Concluded.

Par Value.

First Nat’l Bank, Greenfield, .
Conway Nat’l Bank, Conway,.
Athol Nat’l Bank, Athol, .
Palmer Nat’l Bank, Palmer, .
First Nat’l Bank, Chicopee,
Crocker Nat’l Bank, Turner’s Falls,
Winchester N’l B’k, Winch’ter, N. H.,

$3,400
5,000
3,700
13,300
1,200
1,500
4,600
$115,200

Estimated
Market Value.

$6,528
6,000
4,255
15,295
1,920
1,950
5,106

00
00
00
00
00
00
00

Amount Invested.

$3,400
5,000
3,700
13,300
1,200
1,500
4,600

00
00
00
00
00
00
00

$159,288 50

$115,200 00

$10,500
10,000

$13,860 00
11,300 00

$9,600 00
10,000 00

$20,500

$25,160 00

$19,600 00

R a il r o a d B onds .

Eastern R . R . , .....................................
Newport & Richford R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

153

D O CU M E N T — No. 8

HAMPDEN SAYINGS B A N K — SPRINGFIELD.
Incorporated 1852. Number of corporators, 44.
P. S. B a i l e y , T reasurer.

E . T r a s k , P resid en t.
Sta te m e n t.

A ssets .

L ia b ilit ie s .

$1,935,084 86
Deposits,
25,372 35
Earnings undivided, .
43,700 00
Guaranty fund, .

$100,000
20,000
276,204
26.950
137,617
1,020,645
314,230

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Real estate by foreclosure,
Loans on reai estate,
Loans on personal security, .
Loans to counties, cities or
to w n s ,.................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Expense account, .
Taxes due,
. . . .
Cash on hand, . . . .

00
00
00
00
21
00
87

19,500 00
70,000 00
7,538
830
1,095
9,545

13
63
90
47

$2,004,157 21

$2,004,157 21

Loan on Public Funds : —
$

On $20,000 United States 4 J s , ..................................

20,000 00

Loans on Bank Stock, amount on each : —
On 20 shares Agawam National Bank, Springfield,
On 15 shares John Hancock National Bank, Springfield,
On 10 shares Chapin National Bank, Springfield, .
On 2 shares Chicopee National Bank, Springfield,
On 9 shares Chapin National Bank, Springfield, .
On 5 shares Pynchon National Bank, Springfield,
On 25 shares Chapin National Bank, Springfield,.
On 30 shares City National Bank, Springfield,
On 6 shares Saybrook National Bank, Saybrook, Conn.,
On 50 shares Holyoke National Bank, Holyoke, .
On 03 shares Agawam National Bank, Springfield,
On 8 shares First National Bank, Springfield,
On 5 shares Ware National Bank, Ware,
On 25 shares Third National Bank, Springfield, .
On 15 shares Housatonie National Bank, Stockbridge .
Amount of real estate held by foreclosure,

.

Assessed value of the s a m e , .................................................
Amount of income received from the same, .
Amount of municipal tax on real estate,

$

2,000 00

500 00
1,000 00

I

1,600 00

I

5,300 00
500 00
5,000 00

I

7,000 00
50 00
2.500 00
1.500 00
$137,617 21
87,600 00
6,316 00
1,118 66

Cash on Deposit in Banks, amount in each : —
Agawam National Bank, Springfield, . . . .
Chapin National Bank, Springfield..................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$52,538 13
25,000 00

154

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
y e a r , .................................................. ........
.
.
. 1 2 per cent., 1
Times for the dividends, fixed by the by-laws : February 15 and August 15.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7.
Date of the last extra dividend : 1871.
The total amount of loans, with each specified rate of interest: $90,000,
4 per cent.; $20,000, 4^ per cent.; $1,301,825, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each............................................................................................ 236
Aggregate amount of the s a m e , ...................................................................
Amount of investments from which no income is received, .
.
.
Number of open a c c o u n ts ,...........................................................3,921
Number and amount of deposits (including dividends) received for pre­
vious year, .
.
.
...........................................................3,193
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.........................................................................371
Number and amount of withdrawals,................................................... 2,471
Number of accounts opened the previous y e a r , ............................... 829
Number of accounts closed the previous year,
.
.
.
.
. 604
Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bond, .
....................................................................
Date of examination by commissioner: June 1.

$95,089 58
35,224 93
36,351 31

315,345 00
10,250 00

473,251 20
252,264 00
340,329 42

6,245 00
10,000 00

P ublic F un d s .

United States 4s,

.

.

.

Par Value.

Estimated
Market Value.

Amount Invested.

$100,000

$128,000 00

$100,000 00

B a n k St o c k .

First Nat’l Bank, Chicopee,
First Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Hadley Falls Nat’l Bank, Holyoke,
Merchants’ Nat'l Bank, Boston,
Monson Nat’l Bank, Monson, .
Commerce Nat’l B’ k, Boston, .
Third Nat’l Bank, Springfield,
Revere Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Ware Nat’l Bank, Ware, .
Holyoke Nat’ l Bank, Holyoke,
Hampshire Co. N’l B‘k, Northampt’n,
Pynchon Nat’l Bank, Springfield, .
First Nat’ l Bank, Northampton,
First Nat’l Bank, Springfield, .
Chapin Nat’ l Bank, Springfield,
Republic Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1,000
2,800
7,500
4,000
23,000
2,000
7,500
7,400
7,500
4,000
7,500
15,000
6,600
6,500
3,000
5,000
23,000
5,000

$6,800
5,936
8,925
6,800
32,315
3,000
9,525
14,430
9,450
4,100
9,475
21,000
8,382
11,375
4,200
8,000
28,750
6,925

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$5,030
2,800
7,500
4.732
27,210
2,200
10,865
11,560
7,500
4,292
10,050
15,000
7,225
10,985
3,000
6,525
24,700
6,300

00
00
00
00
00
00
00
oo

00
00
00
00
00
00
00
00
00
00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

155

B a n k Stock — Concluded.

Par Value.

Suffolk Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Slate Nat’l Bank, Boston,
North America Nat’l B’k, Boston, .
Eliot Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Franklin Co. Nat’l B’ k, Greenfield,
Agawam Nat’l Bank, Springfield, .
First Nat'l Bank, Norwich, Conn., .
Uncas Nat’l Bank, Norwich, Conn.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,700
5.000
5.000
5.000
5.000
5.000
5.000
6,300
5.000
43,300
5.000
2,500
$237,100

Estimated
Market Value.

$4,070
5.900
6.250
5,000
5,850
5.250
6,350
7,500
5.250
56,290
5,180
2.900

00
00
00
00
00
00
00
00
00
00
00
00

$315,178 00

Amount Invested.

$4,500
5,300
6.700
5.900
5.900
5.700
6,100
7,600
5,250
47,700
5,180
2.900

00
00
00
0)
00
00
00
00
00
00
00
00

$276,204 00

B A N K C O M M IS S IO N E R S ’ R E P O R T

156

[Jan

HAMPSHIRE SAVINGS BANK— NORTHAMPTON.
Incorporated May 19, 1869. Number of corporators, 29.
L u t h e r B o d m a n , P resid en t.

L e w is W

arner,

T rea su rer.

State m e n t.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$729,818 86
10,814 48
14,750 00

Bank stock,
. . . .
Loans on bank stock,
Real estate bv foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, on interest, .
Expense account,
Cash on hand, . . . .

$755,383 34

$168,708
21,900
6,350
455,022
43,175

42
00
00
08
00

17,700
34,695
2,375
5,456

00
70
86
28

$755,383 34

Loans on Bank Stock, amount on each: —
On 120 shares Home National Bank, H o l y o k e ,...................................*$11,200
00
On 11 shares Hampshire County National Bank, Northampton, .
.
.
1,100 00
On 50 shares First National Bank, Easthampton...................................
5,000
00
On 24 shares First National Bank, Northampton,................................
2,400
00
On 5 shares First National Bank, Greenfield,.........................................
500
00
On 7 shares Franklin County National Bank, Greenfield, .
.
.
.
*700 00
On 10 shares Conway National Bank, C o n w a y ,.................................
1,000
00
Amount of real estate held by foreclosure,.................................................. $6,350 00
Assessed value of the s a m e ,...........................................................................
4,000 00
Amount of income received from the same,..................................................
334 00
Amount of municipal tax on real e s t a t e , ..................................................
46 75
Cash on Deposit in Bank: —
Hampshire County National Bank, Northampton........................................... $34,695 70
Whole amount of interest or profits received or earned..................................$33,544 46
Rate and amount of each semi-annual dividend for previous ) 2 per cent., j 13,321 82
year,
. . .
.................................................. 12 per cent., 1 13,973 38
Time for the dividends, fixed by the by-laws: May 15 and November 15.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4.
Date of the last extra dividend: May 15, 1875.
The total amount of loans, with each specified rate of interest: $2,000, 4J
percent.; $13,800, 4^ percent.; $403,955.87,5 per cent.; $118,042, 6 per
cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 267
A ggregate amount of the s a m e , ...................................................................
227,220 66
Number of open accounts,
....................................................................2,106
Number and amount of deposits (including dividends) received for pre­
vious year, ...................................................................................
1,388
$175,51382
* This bank has been notified that these loans exceed the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 ö 7 .J

P U B L IC

157

D O C U M E N T — N o. 8

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.......................................................................... 148 $85,692 03
Number and amount of withdrawals,..........................................
1,143 121,577 53
Number of accounts opened the previous year, .
.
.
. 382
Number of accounts closed the previous year,
.
.
.
. 317
Amount of expenses of the corporation during previous year, .
.
.
2,37586
Amount of treasurer’s b o n d ,...........................................................................
10,000 00
Date of examination by commissioner : May 28.
B a n k St o c k .

Par Value.

Hampshire Co. N’l B’k, Northampton,
Northampton N’l B’k, Northampton,
First Nat’l Bank, Northampton,
First Nat’l Bank, Easthampton,
John Hancock N’l B’k, Springfield,
Chicopee Nat’l Bank, Springfield, .
Agawam Nat’l Bank, Springfield, .
Mechanics’ Nat’l Bank, Worcester,
Ware Nat’l Bank, Ware, .
Union Nat’l Bank, Weymouth,
First Nat’l Bank, Chicopee,
Home Nat’l Bank, Holyoke, .
Blackstone Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Hide & Leather Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Tremont Nat’ l Bank, Boston, .
Continental Nat’l Bank, Boston,
Nat’l Bank of the Repulsile, Boston,
Nat’l Bank of No. America, Boston,
Market Nat’l Bank, Boston,
Mt. Vernon Nat’l Bank, Boston,
N’l B’k of the Commonwealth,Boston,
Merchants’ Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Nat’l Revere Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
Globe Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$20,000
8,300
4,500
10,000
3,400
500
2,000
2,800
1,200
1,300
2,400
1,000
2,200
10,000
3,300
3,500
3,200
1,500
4,200
3,500
800
1,000
3,500
700
4,000
3,000
900
3,300
3,600
700
1,500
3,000
2,200
1,000
4,400
3,000
5,000
1,200
1,000
$132,600

Estimated
Market Value.

$26,000
15,106
6,300
15,000
4,420
825
2,680
3,864
1,624
1,690
4,416
1,070
2,508
13,700
3,894
4,235
3,808
1,935
4,578
4,200
1,120
1,070
3,220
973
5,000
4,350
1,224
4,158
4,680
889
1,470
3,330
2.684
1,040
4,488
3,000
7,500
1,320
1,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$174,369 00

Amount Invested.

$20,575
14.162
6,028
12,450
3,898
800
2,648
3,749
1,624
1,592
3,755
1,070
3,247
12,661
3,695
4,477
3,797
2,505
5,386
4,030
1,032
1,147
4,219
896
4,635
4,260
1,221
3,902
4,640
906
1,920
3,870
2,802
1,436
5,651
3,600
7,900
1,476
1,040

00
50
00
00
00
00
00
00
00
50
00
00
50
00
00
50
00
00
00
00
00
50
37
00
00
00
75
75
00
00
00
00
00
25
87
93
00
00
00

$168,708 42

158

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

HAVERHILL SAVINGS BANK — HAVERHILL.
Incorporated 1829. Number of corporators, 47.
G e o r g e A . K i m b a l l , P resid en t.

A d d is o n B . J a q u e s , T reasurer.
State m e n t.

L ia b il it ie s .

Deposits, .
$4,121,356 18
Earnings undivided, .
24,365 38
Guaranty fund, .
121,000 00

A ssets .

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Railroad notes,
Real estate by foreclosure,
Loans on reai estate,
| Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest, .
Expense account,
Cash on hand, . . . .

$4,266,721 56

$702,800
8,000
492,050
59.300
187,000
50.000
5,431
890,175
1,412,189

00
00
00
00
00
00
65
00
85

49.000
380,398
8
30,368

00
16
70
20

$4,266,721 56

Loan on Public Funds : —
On $8,000 United States B o n d s ,..................................

$ 8,000 00

Loans on Bank Stock, amount on each : —
On 316 shares Essex National Bank, Haverhill, .
On 82 shares Haverhill National Bank, Haverhill,
On 162 shares Cocheco National Bank, Dover, N. H., .
On 20 shares Shoe and Leather National Bank, Boston,
On 12 shares First National Bank, Merrimac,
On 10 shares Souhegan National Bank, Milford, N. H.,
On 10 shares National Bank, Methuen, . . . .
On 20 shares Haverhill National Bank, Haverhill,
On 10 shares Blackstone National Bank, Boston, .
On 10 shares Globe National Bank, Boston, .
On 7 shares Commerce National Bank, Boston, .
On 4 shares Massachusetts National Bank, Boston,
Amount of real estate held by foreclosure, .
Assessed value of the s a m e ,..........................................
Amount of income received from the same, .
Amount of municipal tax on real estate,

$29,800 00
7,800 00
14,000 00
*

2,000 00
1,200 00
1,000 00

500 00

3,000 00

$5,431
3,050
164
45

65
00
20
75

Cash on Deposit in Banks, amount in each : —
First National Bank, Haverhill.........................................
Merrimack National Bank, Haverhill, . . . .
Haverhill National Bank, Haverhill,
. . . .
Second National Bank, Haverhill,..................................
* This bank has been notified that this loan exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 100,000 00

90.000 00
58,185 99
25.000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

159

National Bank of Redemption, Boston,........................................................... $82,212 77
Massachusetts Loan and Trust Company, B o s t o n , ..................................*25,000 00
Whole amount of interest or profits received or earned,
. . . .
$199,771 35
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 77,219 23
.
. 12 per cent., 1 78,394 32
y e a r , ...................................................................
Times for the dividends, fixed by the by-laws : third Wednesday in April
and October.
The total amount ofloans, with eacli specified rate of interest: $213,000,3£
per cent.; $100,000, 3| per cent.; $75,000, 3£ per cent.; $686,300, 4 per
cent.; $25,000, 4| per cent.; $50,000, 4^ per cent.; $190,365, 4£ per
cent.; $467,114.85, 5 per cent ; $58,700, 5£ per cent.; $553,185, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 431
Aggregate amount of the s a m e , ...................................................................
556,600 00
Number of open a c c o u n ts ,..................................................................11,989
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,...................................................................................
8,744
675,51555
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 388
177,758 00
Number and amount of withdrawals, . . . . . . .
6,273
524,351 80
Number of accounts opened the previous year, . . . .
1,796
Number of accounts closed the previous year,
. . . .
1,115
Amount of expenses of the corporation during previous year, .
.
.
$6,419 37
Amount of treasurer’s bond,...........................................................................
20,000 00
Date of examination by commissioner ; October 6.
P u b l ic F

u n d s.

Par Value.

United States 4s,
United States 4^s, .
City of Haverhill 6s,
of Haverhill os,
of Haverhill 3^s,
of Boston 5s, .
of Boston 4s, .
of Lynn 6s,
of Lynn 5s,
of Portsmouth, N. H., 6s.
of Fall River 6s,
of Fall River 5s,
of Dover, N. H„ 6s,
of Cambridge 6s,
of Nashua, N. H., 6s,
of Portland, Me., 6s,
of Charlestown 6s, .
of Lawrence 6s,
of Cleveland. Ohio, 5s, .
of Dayton, Ohio, 4s,
of Pawtucket, R. L, 4s, .
Town of Winthrop 7s,

$115,000
50,000
15,000
33,000
30,000
5,000
25,0 0
10,000
5,000
51,500
10,000
40,000
46.300
35,000
35,000
15,000
10.000
28,000
38,000
25,000
25,000
20,000

Estimated
Market Value.

$147,775
55,813
15,325
34,966
30,300
5,020
27,000
11,190
6,000
57,165
11,790
46,600
51,856
35,700
37,800
15,375
10,200
30,420
42,380
26,000
26,750
22,400

00
00
(0
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$115,000 00
50,000 00
15,000 00
33,000 00
30,000 00
5,000 00
25,000 00
10,000 00
5,000 00
51,500 00
10,000 00
40,000 00
46,300 00
35,000 00
35,000 00
15,000 00
10,000 00
28,000 00
38.000 00
25,000 00
25,o00 00
20,000 00

v *- This bank has been notified that this deposit is illegal, and the deposit has since been with*
drawn.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

160

B A N K C O M M IS S IO N E R S ’ R E P O R T
P u b l ic

F

unds

— C o n c lu d e d .

Par Value.

Town of Winchester 5s, .
of Brookline 6s,
of Bradford 7s,

¡Jan.

Estimated
Market Value.

Amount Invested.

$13,000
22,000
1,000

$13,298 00
25,740 00
1,023 00

$13,000 00
22,000 00
1,000 00

$702,800

$787,886 00

$702,800 00

B a n k St o c k .

Andover Nat’l Bank, Andover,
Bay State Nat’l Bank, Lawrence, .
First Nat’l Bank, Malden,
Methuen Nat’l Bank, Methuen,
First Nat’l Bank, Haverhill, .
Haverhill Nat’l Bank, Haverhill, .
Merrimack Nat’l Bank, Haverhill, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Nat’l City Bank, Boston, .
Columbian Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Nat’l Eagle Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’ l Bank, Boston, .
Nat’ l Exchange Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
First Nat’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Nat’l Hide & Leather B’k, Boston, .
Howard Nat’l Bank, Boston, .
Manufacturers’ Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,
Nat’l Bank of Redemption, Boston,
Nat’l Bank of Republic, Boston,
Shawmut Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’ l Bank, Boston, .
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,200
3,750
10,000
10,000
13,000
37,500
27,500
20,000
20,000
26,700
5,000
15,000
5,000
10,000
10,000
5,000
5,010
15,000
10,000
5,000
12,500
10,000
7,500
20,000
15,000
10,000
5,000
15,000
26,700
25,400
22,500
15,000
7,500
5,000
15,000
10,000
8,300
5,000

$4,300 00
6,600 00
12,575 00
12,000 00
19,500 00
60,000 00
49,500 00
24,000 00
22,600 00
32,307 00
5,400 00
15-, 151 00
6,150 00
11,800 00
10,800 00
6,350 00
5,000 00
19,200 00
13.600 00
10,550 00
13,750 00
9,500 00
9,375 00
23,800 00
17,550 00
9,600 00
6.950 00
20,100 00
28,035 00
31,750 00
31,500 00
17,850 00
7,575 00
5,850 00
16,500 00
10,000 00
8,217 00
5,100 00

$3,200 00
3,750 00
10,000 00
10,000 00
13,000 00
37,500 00
27,500 00
20,000 00
20,000 00
26,700 00
5,000 00
15,000 00
5,000 00
10,000 00
10,000 00
5,000 00
5,000 00
15,000 00
10,000 00
5,000 00
12,500 00
10,000 00
7,500 00
20,000 00
15,000 00
10,000 00
5,000 00
15,000 00
26,700 00
25,400 00
22,500 00
15,000 00
7,500 00
' 5,000 00
15,000 00
10,000 00
8,300 00
5,000 00

$492,050

$620,385 00

$492,050 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

161

R a ilr o a d B onds .

Par Value.

Boston & Maine R.R. 7s,
Old Colony & Newport R.R. 6s,
Old Colony & Newport R.R. 7s,
Fitchburg R.R. 4s, .
Maine Central R.R. 7s, .
Portland & Kennebec R.R. 6s,
Leeds & Farmington R.R. 6s, .
Androscoggin & Kennebec R.R. 6s,
West Amesbury Branch R.R. 7s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$75,000
10,000
5.000
25.000
10.000
10,000
38,000
8.000
6,000
$187,000

Estimated
Market Value.

$90,000
11,900
6,000
26,250
12,500
11,300
43,320
8,400
6,900

00
00
00
00
00
00
00
00
00

$216,570 00

Amount Invested.

$75,000
10,000
5.000
25.000
10.000
10,000
38,000
8.000
6,000

00
00
00
00
00
00
00
00
00

$187,000 00

162

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

HAYDENVILLE SAYINGS BANK — HAYDENVILLE.
Incorporated March 17, 1869. Number of corporators, 86.
B. S. J o h n so n , Treasurer.

E l n a t h a n G r a v e s , P resid en t.
State m e n t.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$246 801 50
5,794 18
5,342 25

$27,942
36,333
400
5,737
3,468
113,446
46,670

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest,
Deposit in banks, not on inter­
est,
..................................
Expense account,
Cash on hand, . . . .

05
30
00
50
87
52
87

9,300 00
13,827 33
356 45
321 70
133 34
$257,937 93

$257,937 93

Loan on Bank Stock—
On 5 shares First National Bank, Easthampton, .
Amount of real estate held by foreclosure, . . . .
Assessed value of the same.......................................................
Amount of income received from the same, . . . .
Amount of municipal tax on real estate,
. . . .

$400 00

.

:

:

:

$3,468
1,660
100
15

87
00
00
54

$4,956
356
3,870
5,000

62
45
71
00

Cash on Deposit in Banks, amount in each : —
Hampshire County National Bank, Northampton
First National Bank, N orth a m p ton ,..................................
Conway National Bank, Conway,..........................................
Home National Bank, Holyoke................................................

$12,892 78
Whole amount of interest or profits received or earned,
4,528 95
Rate and amount of each semi-annual dividend for previous '12 per cent., |
5,203 57
y e a r , ....................................................................................1 •2| per cent, I
Times for the dividends, fixed by the by-laws: second Tuesday in Jan­
uary and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 6^%.
Date of the last extra dividend : January 9, 1877.
The total amount of loans, with each specified rate of interest: $2,500, 4f
per cent.; $13,400, 5 per cent.; $153,917.39, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each ,............................................................................................322
Aggregate amount of the s a m e , ...................................................................
158,117 39
Amount of investments from which no income is received, .
.
.
.
3,395 45
Number of open a c c o u n ts ,...................................................................... 909
Number and amount of deposits (including dividends) received for pre­
vious year.................................................................................................. 701
70,624 82


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC D O C U M E N T — N o. 8 .

163

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...........................................................................55 $32,210 37
Number and amount of withdrawals,.................................................. 547
52,831 73
Number of accounts opened the previous y e a r , ................................. 183
Number of accounts closed the previous y e a r , ................................. 120
Amount of expenses of the corporation during previous year, .
.
.
1,540 40
Amount of treasurer’s bond...............................................................................
20,000 00
Date of examination by commissioner: March 19.
P ublic F unds .

Par Value.

City of Holyoke 7s,
.
of Charlestown 6s, .
of Cambridge 6s, .

.

.

Estimated
Market Value.

Amount Invested.

$15,000
5,000
5,000

$18,000 00
5,500 00
5,500 00

$17,942 05
5,000 00
5,000 00

$25,000

$29,000 00

$27,942 05

$5,900

$7,375 00

$6,607 80

2,300
4,300

2,875 00
6,235 00

2,845 00
5,290 00

5,800
1,000
5,000
1,100
5,000

6,090
1,750
5,250
1,485
7,600

5,935
1,700
5,000
1,435
7,520

B a n k St o c k .

Conway Nat’l Bank, Conway,
Hampshire County Nat’l B’k, North­
ampton,
.....................................
First Nat’l Bank, Easthampton,
Southington Nat’l Bank, Southing­
ton, C o n n .,.....................................
Chicopee Nat’l Bank, Springfield, .
Home Nat’l Bank, Holyoke, .
First Nat’l Bank, Northampton,
First Nat’l Bank, Amherst,

$30,400

00
00
00
00
00

00
00
00
50
00

$38,660 00

$36,333 30

$5,900 00

$5,737 50

R a ilr o ad B onds .

Boston & Albany R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T

164

HINGHAM INSTITUTION FOR SAYINGS — HINGHAM.
Incorporated April 2, 1834. Number of corporators, 64.
H e n r y C. H a r d i n g , T reasurer.

D a n i e l B a s s e t t , P resid en t.
St a t e m e n t .

A ssets .

L ia b ilit ie s .

$1,882,329 16
Deposits, .
28,612 82
Earnings undivided, .
43,850 00
Guaranty fund, .
40 50
Suspense account,

Public funds, .
Loans on public funds, .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest,.
Deposit in banks, not on inter­
est,
..................................
Expense account, .
Manufacturing Co. stock to
secure indebtedness, .
Cash on hand............................

$75,000
18.500
149,260
500
45.000
3,000
13,935
904,068
616,650

00
00
00
00
00
00
13
00
00

72.000 00
17,518 10
9.632 25
2,378 05
25,000 00
2,390 95
$1,954,832 48

$1,954,832 48
'
Loans on Public Funds, amount on each : —

On $1,000 United States 4s................................................................................. $1,000 00
On $1,000 United States 4s and $2,000 United States 4^s . . . .
2,500 00
On $15,006 City of Springfield 7s,. .
.
.
.
.
.
.
.
.
15,000 00
Loan on Bank Stock, : —
On 4 shares Massachusetts National Bank, Boston,

.

.

.

.

.

Invested in real estate (for banking purposes),
.
.
.
.
.
.
Estimated value of the same,...........................................................................
Amount of real estate held by foreclosure,...................................................
Assessed value of the s a m e ,...........................................................................
Amount of income received from the same, , .
.
.
.
.
.
.
Amount of municipal tax on real e s t a t e , ..................................................

$500 00
$3,000 00
3,000 00
13,935 13
17,270 00
580 51
220 49

Cash on Deposit in Banks, amount in each :—.
Shoe and Leather National Bank, B o s t o n ,.................................................. $17,518 10
Webster National Bank, B o sto n ,...................................................................
3,780 46
Hingham National Bank, H in g h a m ,...........................................................5,851 79
Whole amount of interest or profits received or earned,
. . . .
$93,072 75
Rate and amount of each semi-annual dividend for previous 12 per cent., f 36,053 68
y e a r , ....................................................................................J 2 per cent., 1 36,433 84
Times for the dividends, fixed by the by-laws : first Tuesday in January
and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 4 6-10.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

165

D O C U M E N T — N o. 8

Date of the last extra dividend: January, 1883.
The total amount of loans, with each specified rate of interest: $325,000,
4 per cent.; $50,000, 4| per cent.; $26,700, 4^ per cent.; $301,300, 4£ per
cent.; $25,000, 4| per cent.; $567,675, 5 per cent.; $17,000, 5^ per cent.;
$30,100, 5^ per cent.; $200,663, 6 per cent.; $30,000, 6£ per cent.;
$34,780, 7 per cent.; $3,150, 7 3-10 per cent.; $200, 7£ per cent.; $150, 8
per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 308
Aggregate amount of the s a m e , ................................................................... $263,108 00
Amount of investmentsfrom which no income is received, . . . .
26,017 40
Number of opena c c o u n ts ,.................................................................... 4,038
Number and amount of deposits (including dividends) received for pre­
1,665
232,687 35
vious y e a r ,...................................................................................
Number and amount of deposits of and exceeding $300 atany one time,
for the previous y e a r ,............................................................................ 157
87,007 87
Number and amount of withdrawals,.................................
1,511
178,185 29
Number of accounts opened the previous y e a r , .....................................379
Number of accounts closed the previous y e a r , ..................................... 252
Amount of expenses of the corporation during previous year, .
.
.
3,461 68
Amount of treasurer’s b o n d ,...........................................................................
20,000 00
Date of examination by commissioner: June 4.
P ublic F unds .

Par Value.

City of Boston 4s, .
of Des Moines, Iowa, 4^s,

Estimated
Market Value.

Amount Invested.

$50,000
25,000

$53,250 00
25,000 00

$50,000 00
25,000 00

$75,000

$78,250 00

$75,000 00

$12,994
750
2,240
3,810
2,400
3,227
5,263
8,962
5,454
10,496
10,800
10,525
4,370
5,250
3,276
1,9C0
10,481
2,875

$12,460
1,500
2,000
3,000
1,600
2,800
3,800
7,500
5,400
8,200
10,000
5,000
4,600
4,200
3,600
2,000
7,500
2,000

B a n k St o c k .

Hingham Nat’l Bank, Hingham,
Abington Nat’l Bank, Abington,
Brockton Nat’l Bank, Brockton,
First Nat’l Bank, Chelsea,
Old Colony Nat’l Bank, Plymouth,
Union Nat’l Bank, Weymouth,
Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Commerce Nat'l Bank, Boston,
E igle Nat'l Bank, Boston,
First Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
New England Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$12,460
1,500
2,000
3,000
1,600
2,800
3,800
7,500
5,400
8,200
10,000
5,000
4,600
4,200
3,600
2,000
7,500
2 000

00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
25
00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

166

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k Stock — Concluded.

Par Value.

No. America Nat’l Bank, Boston, .
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .

$8,000
7,500
11,200
8.200
2,600
3,600
10,000
5.000
6.000
$149,260

Estimated
Market Value.

$8,400
10,500
13,720
8,343
3,042
8,987
10,250
6,925
6,120

00
00
00
50
00
00
00
00
00

$176,361 25

Amount Invested.

$8,000
7,500
11,200
8,200
2,600
3,600
10,000
5.000
6.000

00
00
00
00
00
00
00
00
00

$149,260 00

R ailr o a d B onds .

Boston & Albanv R.R. 7s,
Boston & Lowell R.R 7s,
Boston & Maine R R. 7 s ,.
Old Colony R.R, 7s,
. .
Eastern R.R. 6s,
. . .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

i

.

$10,000
10,000
10,000
10,000
5,000

$11,700
11,625
12,100
12,112
6,562

$45,000

$54,100 00

00
00
00
50
50

$10,000
10,000
10,000
10,000
5,000

00
00
00
00
00

$45,000 00

P U B L IC

1 8 8 7 .]

D O C U M E N T — N o. 8

167

HOLLISTON SAYINGS BANK— HOLLISTON.
Incorporated 1872. Number of corporators, 50.
S eth T h a y e r , P resid en t.

O r r in T h o m s o n , T reasurer.
Statem ent.

A ssets .

L iab ilities .

Deposits,
Earnings undivided, .
Guaranty fund, .

$454,304 00
9,555 45
11,000 00

-,

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate bv foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns, .
.
.
Loans on bank books,
Deposit in banks, on interest,.
Deposit in banks, not on intere s t , .................................
Premium account, .
Holliston Mills stock to secure
indebtedness,
Cash on hand, . . . .

$474,859 45

$ 1 1 ,0 0 0 00

38,500
3,950
10,700
12,275
277,173
36,650

00
00
00
00
00
00

46,300 00
1,100 00

22,035 20
5,000 00
5,658 00
3,000 00
1,518 25
$474,859 45

Loans on Bank Stock, amount on each: —
On 55 shares Holliston National B ank,............................................$3,450
On 35 shares Central National Bank, B o s t o n , .......................
500

00
00

*
Amount of real estate held by foreclosure,..................................................$12,275 00
Assessed value of the s a m e ,.................................................. ..
13,500 CO
Amount of income received from the sam e,................................
468
00
Amount of municipal tax on real e s t a t e , ................................
209
25
Cash on Deposit in Banks, amount in each : —
Holliston National Bank, H o l li s t o n ,...........................................$22,034
National Bank of Commonweaith, Boston....................................
5,000

25
95

Whole amount of interest or profits received or earned,. . . .
$24,49876
Bate and amount of each semi-annual dividend for previous 1 2 per cent., f
8,712 87
y e a r , ....................................................................... 1 2 per cent, 1
8,71327
Times for the dividends, fixed by the by-laws: first Tuesday in June and
December.
The total amount of loans, with each specified rate of interest: $32,000, 3£
per cent.; $2,000, 4 per cent.; $12,300, 4£ per cent.; $10,250, 5 per cent.;
$31,150, 5£ per cent.; $277,423, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each..................................................................................
Aggregate amount of the s a m e , .................................
240,573 00
Number of, open a c c o u n ts ,..........................................
1,391
Number and amount of deposits (including dividends) received for previous y e a r ,...................................................................
86,565 06


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

168

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number and amount of deposits of and exceeding
at any one time,
for the previous y e a r ,..........................................
64
Number and amount of withdrawals.......................................
946
Number of accounts opened the previous year,
181
Number of accounts closed the previous year,
142
Amount of expenses of the corporation during previous year,
Amount of treasurer’s b o n d ,..................................................
.
Date of examination by commissioner : April 28.
P

u b l ic

1,800 00
20,000 00

F u n d «.

Par Value.

United States reg. 4s,
City of Lewiston, Me., 5s,
of Providence, R. I., 4Js,
of Worcester, 6s,

$32,928 63
77,746 53

14,000
2,000
1,000
4,000
$11,000

Estimated
Market Value.

$5,120
2,400
1,140
4,560

00
00
00
00

Amount Invested.

$4,000
2,«'00
1,000
4,000

(0
00
00
00

$13,220 00

$11,000 00

$15,480
2,500
2,400
2,000
790
2,950
1,275
3,914
1,750
3,600
3,600
870

$12,900
2,500
2,000
1,700
700
2,400
1,400
3,800
1,500
3,000
3,000
600

B a n k Sto c k .

Holliston Nat’l Bank, Holliston,
Traders’ Nat’l Bank, Boston, .
Old Boston Bank, Boston,
Commonwealth Nat’l B’k, Boston, .
Blackstone Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Blue Hill Nat’l Bank, Milton, .
Home Nat’l Rank, Brockton, .
Franklin Nat’l Bank, Franklin,
Framingham Nat’l B’k, Framg’h’m,
South Framingham Nat'l Bank,
Framingham,
.
.
.
.

R

a il r o a d

Boston & Albany R.R. 7s,
Salem & Lowell R.R. guaranteed 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$12,900
2,500
2,000
1,700
700
2,400
1,400
3,800
1,500
3,000
3,000
600
3,000

00
00
00
00
00
00
00
00
00
00
00
00

00
00
00
00
00
00
00
00
00
00
00
00

3,300 00

3,000 00

$38,500 « $14,429 00

$38,500 00

B o n ds.

$5 000
5,700

$5,850 00
6,425 00

$5,000 00
5,700 00

$10,700

$12,275 00

$10,700 00

1 8 8 7 .]

P U B L IC

169

D O C U M E N T — N o. 8

HOLYOKE SAYINGS B AN K -H O LYO K E.
Incorporated 1855.

Number of corporators, 92.

G e o . W . P r e n t is s , P resid en t.

II. B. J o h n so n , Treasurer.
St a t e m e n t .

L ia b il it ie s .

Deposits, .
$1,794,005 15
Earnings undivided, .
36,387 83
Guaranty fund, .
40,000 00

A ssets .

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest, .
Expense account,
Cash on hand, . . . .

$1,870,392 98

$63,400
600
218,300
14,900
109,000
971,166
324,496

00
00
00
00
00
00
00

5,000
136,299
1,482
25,748

00
90
41
67

$1,870,392 98

Loan on Public Funds: —
On $600 United States 4 s , ........................................................................... $600 00
Loans on Bank Stock, amount on each : —
On 10 shares City National Bank, Holyoke,.................................................. ' $400 00
8,700 00
On 102 shares Holyoke National Bank, Holyoke............................................
On 52 shares Palmer National Bank, P a l m e r ,.......................................... *5,200 00
On 6 shares Franklin County National Bank, Greenfield, . . . .
*600 00
Cash on Deposit in Banks, amount in each : —
Maverick National Bank, Boston,................................................................... $12,617 49
Holyoke National Bank, H o l y o k e , ...........................................................
53,682
Home National Bank, H o ly o k e ,...................................................................
5,000
Springfield Safe Deposit and Trust Company, Springfield, . . . .
20.000
Agawam National Bank, Springfield,...........................................................
25,000
Hampshire County National Bank, N o rth a m p to n ,..................................
20,000
Whole amount of interest or profits received or earned..................................
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f
y e a r , ..................................................
.
.
.
. 3 2 per cent., I
Times for the dividends, fixed by the by-laws : January and July.
The total amount of loans, with each specified rate of interest: $41,600, 4£
per cent.; $1,247,716, 5 per cent.; $13,696, 5J per cent.; $8,150, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each.............................................................................................................. 251
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,................................................................... 5,595
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,............................................................................................ 9,808
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.............................................................................. 259
* This bank has been notified that these b ans exceed the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

41
00
00
00
00

$88.240 06
31,580 59
32,267 55

281,429 00

557,556 14
142,736 00

170

B A N K C O M M IS S IO N E R S ’ R E P O R T,

£Jan.

4,126 $424,714 96
1,159
. 675
4,765 04
30,000 00

Number and amount of withdrawals,..........................................
Number of accounts opened the previous year...............................
Nnmber of accounts closed the previous year,
.
Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bond,...........................................................
Date of examination by commissioner : October 7.

Public F un ds .

Par Value.

United States 4Js, .
.
.
United States 4s,
United States 6s,
. . .
State of Massachusetts 5s,
City of Holyoke 6s,
. .
of Fall River Cs,
of Chelsea 6s, .
of Boston 6s, .
of Boston 4s, .
Town of Holyoke 7s,

.

.

|400
1,500
10,000
13,000
5,000
3,000
1,000
3.000
25,000
1,500

Estimated
Market Value.

$448
1,875
12,600
14.300
6,100
3,720
1,170
3,930
25,750
1,665

00
00
00
00
00
00
00
00
00
00

Amount Invested.

$100
1,500
10,000
13,000
5,000
3,000
1,000
3,000
25,000
1,500

00
00
00
00
00
00
00
00
00
00

$71,558 00

$63,400 00

$35,600
16,600
5,000
16,8( 0
5,000
14,500
6,200
8,700
15,100
9,100
2,000
4.200
1,700
9,700

$48,000
26,560
6,500
25,000
9,000
23,900
9,900
10,000
19,630
14,560
2,400
5,460
2,000
12,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$35,600
23,000
5,000
20,500
9,000
21,000
8,000
9,900
18,400
13,000
2,000
4,200
1,700
12,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00

300
5,700
400
2,200
1,100
2,500
5,000
1,000
1,800
100
200

300
6,500
500
2,800
1,500
3,750
5,000
1,180
3,420
150
275

00
00
00
00
00
00
00
00
00
00
00

300
5,700
400
2,200
1,100
2,500
5,000
1,000
1,800
100
200

00
00
00
00
00
00
00
00
00
00
00

$63,400

B a n k St o c k .

Holyoke Nat’l Bank, Holyoke,
Hadley Falls Nat’l Bank, Holyoke,
Agawam Nat’l Bank, Springfield, .
First Nat’l Bank, Springfield, .
Second Nat’l Bank, Springfield,
Third Niit’l Bank, Springfield,
Chicopee Nat’l Bank, Springfield, .
J. Hancock Nat’l Bank, Springfield,
First Nat’l Bank, Northampton,
Northampton N’l B’k, Northampton,
Hampshire Co. N’l B’k, Northampton,
First Nat’l Bank, Easthampton,
Railroad Nat’l Bank Lowell, .
Townsend Nat’l B’k, Townsend,
Shelburne Falls Nat’l Bank, Shelburne F a lls,.....................................
Conway Nat’l Bank, Conway,
First Nat’l Bank, Westfield, .
First Nat’l Bank, South Adams,
Pittsfield Nat’l Bank, Pittsfield,
Monson Nat’l Bank, Monson, .
Franklin Co. Nat’l B’k, Greenfield,
First Nat’l Bank, Newburyport,
Miller’s River Nat’l Bank, Athol, .
Merrimack Nat’l Bank, Haverhill, .
First Nat’i Bank, Haverhill, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC
B

S t o c k — C o n c lu d e d .

ank

Par Value.

First Nat’l Bank, Chicopee,
Ware Nat’l Bank, Ware,
Palmer Nat’l Bank, Palmer,
First Nat’l Bank, Amherst,

.

$2,009
1,100
6,600
5,000
$185,200

R

a il k o a d

Mansfield & Framingham R.R. 7s, .
Conn. & Passumpsic Rivers R.R. 7s,
Fitchburg R.R. 4s................................
Boston & Albany R.R 7s,
Boston, Rev. Beach & Lynn R.R. 6s,
Nashua & Lowell R.R. 6s,
Old Colony R.R. 6s,
. . .
Boston & Maine R R. 7s,
Boston & Lowell R R. 4s,
Boston & Albany R.R. 6s,
Fitchburg R.R. 7s, .
Old Colony R.R, 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

171

D O C U M E N T — N o. 8

Estimated
Market Value.

$3,000
1,300
6,600
7,000

00
00
00
00

Amount Invested.

$2,000
1,100
6,600
5,000

00
00
00
00

$258,185 00

$218,300 00

$9,810
11.900
15,450
8,190
6,000
9,040
20,400
10,980
18,540
8,190
2,440
2,100

$9,000
10,000
15,000
7,000
5,000
8,' 00
17,n00
9,000
18,000

B onds.

$9,000
10,000
15,000
7,000
5,000
8,000
17,000
9,000
18,000
7,000
2,000
2,000
$109,000

00
00
00
00
00
00
00
00
00
00
Ob
00

$123,040 00

00
00
00
00
00
00
00
00
00

7 ,0 0 0 no

2,000 00
2,000 00
$109,000 00

172

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T

HOME SAYINGS BANK — BOSTON.
Incorporated 1869. Number of corporators, 57.
W. E. H ooper , Treasurer.

C h ar l e s H . A l l e n , President.
Statem ent.

L ia b il it ie s .

A ssets .

Deposits,
$2,315,988 86
Earnings undivided, .
20,661 45
Guaranty fund, .
95,000 00
Suspense account,
10 50

$42,000
500
335,300
12,900
30,000
49,428
1,267,576
662,195
4,266
20,930
2,252
14
4,296

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans on bank books,
Deposit in banks, on interest, .
Expense account,
Insurance account, .
Cash on hand, . . . .

00
00
00
00
00
71
46
55
73
15
91
00
30

$2,431,660 81

$2,431,660 81

Loan on Public Funds : —
On $1,000 City of Lawrence 6 s , ...................................................................$500 00
Loans on Bank Stock, amount on each : —
On 32 shares Boylston National Bank, Boston,
On 40 shares Central National Bank, Boston,
On 19 shares Bristol County National Bank, Taunton,
On 4 shares Taunton National Bank, Taunton,
On 6 shares First National Bank, Yarmouth,
On 2 shares Merchants’ National Bank, Boston, .
On 3 shares Second National Bank, Boston, .
On 3 shares Webster National Bank, Boston,
On 5 shares Old Boston National Bank, Boston, .
On 2 shares Eagle National Bank, Boston, .
On 5 shares Exchange National Bank, Boston,
On 7 shares Shavvinut National Bank, Boston,
On 6 shares Commerce National Bank, Boston, .
On 8 shares Old Colony Railroad Company,

$3,200 00
*4,000 00
I

3,700 00

Amount of real estate held by foreclosure, .
Assessed value of the s a m e ,..................................
Amount of income received from the same,

2,000 00

$49,428
94,200
4,445
1,377

.

Amount of municipal tax on real estate,

71
00
48
36

Cash on Deposit in Banks, amount in each : —
Central National Bank, Boston,
.
Boylston National Bank, Boston, .

.
.

.
.

.
.

.

$16,503 69
4,426 46

* This bank was notified that this loan exceeded the legal limit, and correction has since been
made.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

173

D O C U M E N T — N o. 8.

Whole amount of interest or profits r e c e i v e d ,..........................................
liate and amount of each semi-annual dividend for previous 1 2 per cent., j
year,
.
.
.
.
.................................................. i 2 per cent., 1
Times for the dividends, fixed by the by-laws: second Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 4 3 3 ^ ,
Date of last extra dividend : April 1, 1884.
The total amount of loans, with each specified rate of interest: $274,795.55,
4 per cent.; $110,300, 4^ per cent.; $395,700, 4£ per cent.; $12,000, 4*|
per cent.; $571,891.73,5 per cent.; $3,000, 5| per cent.; $128,030, 5^
per cent.; $340,051,46, 6 per cent.; $58,300, 6£ per cent.; $26,450, 7 per
cent.; $25,820, 7^ per cent.; $1,100, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each...................................................................................................178
Aggregate amount of the s a m e , ...................................................................
Amount of investments from which no income is received,. . . .
Number of open a c c o u n ts ,................................................................. 13,684
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................ 9,576
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.............................................................................. 583
Number and amount of withdrawals,.................................................. 6,587
Number of accounts opened the previous year, . . . .
2,025
Number of accounts closed the previous year, . . . .
1,279
Amount of expenses of the corporation during previous year,
Amount of treasurer’s bond, .
.
..........................................
Date of examination by commissioner : February 1.

$115,407 60
39,556 56
41,661 09

266,492 46
9,400 30

798,907 51
343,696 78
538,282 05

16,658 88
20,000 00

P ublic F unds .

Par Value.

United States 4s,
City of Milwaukee, Wis., 5s, .

Estimated
Market Value.

Amount Invested.

$40,000
2,000

$51,400 00
2,000 00

$10,000 00
2,000 00

$12,000

$53,400 OO

$12,000 00

B ank St o c k .

Atlantic Nat’l Bank, Boston, .
Atlas NatT Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Columbian NatT Bank, Boston,
Continental NatT Bank, Boston,
Eliot Nat’ l Bank, Boston,
Everett NatT Bank, Boston, .
First Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Hamilton NatT Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$1,300
18,000
8,100
1,400
4.000
2.000
5,200
7.000
12,500
9,800
8.000

$1,735
21,645
9,072
1,697
5,010
2,360
6,617
7,000
26,500
9,824
10,000

50
00
00
50
00
00
00
00
00
50
00

$1,300
18,000
8,100
1,400
4.000
2.000
5,200
7.000
20,000
9,800
8.000

00
00
00
00
00
00
00
00
00
00
00

174

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k S tock — Concluded.

Par Value.

Hide & Leather Nat’ l B’k, Boston, .
Howard Nat’l Bank, Boston, .
Market Nat’ l Bank, Brighton,.
Market Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Dedham Nat’l Bank, Dedham,

$5,000
12,800
5,000
15,000
5,000
10,000
20,000
20,000
5,0u0
11,300
18,000
15,000
40,000
18,000
8,200
4,000
18,200
10,000
5,000
5,000
$327,800

Estimated
Market Value.

$5,962
14,816
6,850
14,212
4,750
14,050
28,950
26,900
5,250
14,125
24,930
18,600
61,600
21,465
8,343
4,430
18,655
13,875
5,125
5,850

50
00
00
50
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00

Amount Invested.

$5,000
12,800
5,000
15,000
5,000
10,u00
20,000
20,000
5,000
11,300
18,000
15,000
40,000
18,000
8,200
4,000
18,200
10,000
5,000
5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$420,201 00

$335,300 00

$31,950 00

$30,000 00

R a ilr o ad B onds .

Fitchburg R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

¡130,000

1 8 8 7 .]

P U B L IC

175

D O C U M E N T — N o. 8

HOOSAC SAVINGS BANK — NORTH ADAMS.
Incorporated 1871. Number of corporators, 42.
W . W . B u t l er , T reasurer.

O. A . A r c h e r , P resident.
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$229,868 29
1,110 88
3,420 69

Public funds, . . . .
Bank stock,
. . . .
Loans on real estate,
Loans on personal security, .
Deposit in banks, not on inter­
.................................
est,
Expense account, .
Property account, .
Cash on hand, . . . .

$234,399 86

$15,265
9,920
*170,088
34,551

00
00
65
00

3,299
959
243
72

03
57
90
71

$234,399 86

Cash on Deposit in Banks, amount in each : —
Berkshire National Bank, North A d a m s , ............................................ $2,579
Adams National Bank, North A d am s,.................................................
700
National Revere Bank, Boston,
.

Whole amount of interest or profits received orearned,
.
.
.
.
Rate and amount of each semi-annual dividend forprevious 12 percent., f
y e a r , ................................................................................... i 2 per cent., 1
Times for the dividends, fixed by the by-laws: June 1 and December 1.
The total amount of loans, with each specified rate of interest: $37,400, 5
per cent.; $167,239.65, 6 per cent.
Number of outstanding loans which are , of an amount not exceeding
$'3,000 each,............................................................................................... 167
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,.......................................................... 1,109
Number and amount of deposits (including dividends) received for pre­
vious year, ...................................................................................
1,218
Number and amount of deposits of and exceeding $300 atany one time,
for the previous y e a r ,............................................................................ 85
Number and amount of withdrawals,................................................... 705
Number of accounts opened the previous y e a r , .....................................310
Number of accounts closed the previous y e a r , .....................................207
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : April 19.

83
00
19 20

$11,182 38
3,565 81
3,904 37

132,139 65

103,571 50
50,825 83
71,637 61

1,625 64
20,000 00

* This bank was notified that these loans exceeded the legal limit, and they have since been
reduced within the limit provided by statute.


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Federal Reserve Bank of St. Louis

176

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

P ublic F unds .

Par Value.

City of Lynn 4s,
. . .
of Cleveland, Ohio, 4s, .
Town of Pawtucket, R. 1 , 5s,

Estimated
Market Value.

Amount Invested.

$2,000
5.000
7.000

$2,060 00
5,400 00
7,805 00

$2,060 00
5,400 00
7,805 00

$14,000

$15,265 00

$15,265 00

$700
7,800

$1,000 00
9,860 00

$840 00
9,080 00

$8,500

$10,360 00

$9,920 00

B a n k St o c k .

Adams Nat’1 Bank, North Adams, .
Berkshire Nat’l B’k, North Adams, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

177

D O C U M E N T — N o. 8

HOPKINTON SAYINGS BANK — HOPKINTON.
Incorporated March 23, 1867.

Number of corporators, 31.
E d w a r d D. B liss , T reasurer.

A l v a n A. S w e e t , P resident.
S ta t em en t .

A ssets .

L ia b il it ie s .

Deposits, .
.
Earnings undivided, .
Guaranty fund, .

$301,141 12
7,265 06
8,810 93

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in bank, on interest, .
Insurance account, .
Tax account, . . . .
Cash on hand, . . . .

$23,238
59,893
4.000
77,158
124,259
15,000

50
74
00
00
00
00

3.000
9,575
60
278
753

00
65
25
95
02

$317,217 11

$317,217 11

Loan on Bank Stock : —
On 50 shares Broadway National Bank, Boston, ............................................$4,000 00
s
Cash on Deposit in Bank : —
Hopkinton National Bank,

.

...........................................................$9,575 65

Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 1 2 per cent.,
y e a r , ...........................................................................
12 per cent.,
Times for the dividends, fixed by the by-laws : May 1 and November 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6J.
Date of the last extra dividend : 1872.
The total amount of loans, with each specified rate of interest: $3,000, 4
percent.; $19,000, 4£ per cent.; $10,100, 5 per cent.; $114,159, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each, .
.......................................................... 213
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,.......................................................... 1,122
Number and amount of deposits (including dividends) received for pre. 856
vious y e a r , ..........................................................
at any one time,
Number and amount of deposits of and exceeding
41
for the previous y e a r ,..........................................................
487
Number and amount of withdrawals,..................................
158
Number of accounts opened the previous year,
54
Number of accounts closed the previous year,
Amount of expenses of the corporation during previous year,
Amount of treasurer’s b o n d ,..................................................
Date of examination by commissioner : April 30.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$16,214 14
5,312 28
5,489 41

98,759 09

67,630 92
22,092 00
50,979 S3

1,255 48
10,000 09

B A N K C O M M IS S IO N E R S ’ R E P O R T .

178

[Jan

P ublic Funds

Par Value.

.
City of
of
of
of
of

Portland, Me., bonds, .
Belfast, Me.,
Bangor, Me.,
East Saginaw, Michigan,
Dayton, Ohio,

.

$6,000
3,500
5,000
3,0« >0
5,000
$•22,500

Estimated
Market Value.

$7,440
3,780
6,200
3,007
5,150

00
00
00
50
00

$25,577 50

Amount Invested.

$6,002
3,670
5,296
3,035
5,235

50
00
00
00
00

$23,238 50

B a n k St o c k .

Shawmut Nat’l Bank, Boston,.
Hide and Leather Nat’l B’k, Boston,
Redemption Nat’l Bard?, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Republic Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Revere Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Exchange Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Natick Nat’l Bank, Natick,
Howard Nat'l Bank, Boston, .
Franklin Nat’l Bank, Franklin,

$6,000
1,300
5,000
1,500
1,500
5,000
3,800
6,100
4,000
2,500
1,000
5,000
500
1,600
2,500
$17,300

$7,140
1,547
6,250
2,010
2,075
5,900
4,712
7,289
5,380
2,500
1,280
6.675
700
1,880
3,000

00
00
00
00
50
00
00
50
00
00
00
00
00
00
00

$58,339 00

$7,543
1,404
6,990
1,965
1,980
5 930
4,6(>7
7,505
5,355
2,975
1,500
6,832
500
1,856
2,950

74
00
00
00
00
00
50
00
00
00
00
50
00
00
00

$59,893 74

R ailr o ad B onds .

Boston & Maine R R.,
Old Colony R .R ,
.
Fitchburg R.R.,
.
Boston, Clinton & Fitchburg, R.R.,
Boston, Revere Beach & Lynn R.R.,
Salem & Lowell R.R.,
Newport & Richford R.R.,
Nashua & Lowell R.R., .
Boston & Lowell R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
8,000
8,000
7,000
10,000
10,000
10,000
10,345
5,000
$73,345

$5,925
9,640
9,200
7,630
11,700
11,800
11,300
11,000
5,250

00
00
00
00
00
00
00
00
00

$83,445 00

$5,155
8,295
8,357
7,375
11,120
10,795
10,476
10,345
5,240

00
00
00
00
00
00
00
00
00

$77,158 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

179

HUDSON SAYINGS BANK — HUDSON.
Incorporated 1869. Number of corporators, 42.
E dm u n d M. S t o w e , P resid en t.

D a n ie l W . S teatton , T reasurer.
S t a t em en t .

L ia b il it ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

A ssets .

$398,430 46
6,233 99
6,867 42

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest,.
Deposit in banks, not on intere s t , ..................................
Expense account, .
Cash on hand............................

$411,531 87

Loan on Public Funds ; —
On $1,000 City of Fall River Bonds,

$47,620
500
13,600
1,100
26,000
255,100
15,600

00
00
00
00
00
00
00

33,000 00
16,550 00
2,084 09
28 50
349 28
$411,531 87

$500 00

Loan on Bank Stock : —
On 11 shares First National Bank, Clinton,.................................................. $1,100 00
Cash on Deposit in Banks, amount in each: —
International Trust Company, B osto n ,.......................................................... $10,000 00
Wachusett National Bank, Fitchburg,..........................................................
4,650 00
Hudson National Bank, H udson,...................................................................
3,984 09
Whole amount of interest or profits received or earned,
. . . .
$20,023 59
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
7,187 56
y e a r , ................................................................................... 3 2 per cent., 1
7,552 75
Times for the dividends, fixed by the by-laws : third Wednesday in Jan­
uary and July.
The total amount of loans, with each specified rate of interest: $25,000, 4
percent.; $8,000, 4£ per cent.; $126,975, 5 per cent.; $35,550, 5£ per
cent.; $103,375, 6 per cent.; $100, 6^ per cent.; $5,100, 7 per cent.;
$1,200, 7^ per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ..........................................................................
224
Aggregate amount of the s a m e , ...................................................................
204,200 00
Number of open accounts...........................................................................1,554
Number and amount of deposits (including dividends) received for previous
y e a r , .....................................................................................................1,336
113,338 31
Number and amount of deposits of and exceeding $300 at any one time,
35,660 00
for the previous y e a r ,.................................................. •
.
• 62
93,131 09
Number and amount of withdrawals,......................................................794
Number of accounts opened the previous y e a r , .....................................395
Number of accounts closed the previous y e a r , ..................................... 219


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

180

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner: April 15.

$1,147 45
20,000 00

P ublic F unds .

Par Value.

City of Worcester 5s,
of Fall River 5s,
of Fall River 6s,
of Columbus, Ohio, 4s, .
of Taunton 4s,.
Town of Clinton 4s,
. . .
of Northampton 6s,
of Hopkinton 4s, .

$8,000
5,000
2,000
7,000
5,000
12,000
3,000
5,000

Estimated
Market Value.

$8,320
5,900
2,420
7,140
5,150
12,360
3,330
5,050

00
00
00
00
00
00
00
00

Amount Invested.

$8,200
5,200
2,400
7,U00
5,000
12,000
2,820
5,000

00
00
00
00
00
00
00
00

$49,670 00

$47,620 00

$5,700
7,500

$6,726 00
7,725 00

$6,100 00
7,500 00

$13,200

$14,451 00

$13,600 00

$47,000

B a n k St o c k .

State Nat’l Bank, Boston,
Hudson Nat’l Bank, Hudson, .

R ailr o a d B onds .

Fitchburg R.R. 5s, .
Eastern R.R. 6s,
. . .
Old Colony R R. 6s,
Boston, Rev. Beach & Lynn R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$9,000
5,000
6,000
5,000
$25,000

$9,990
6,650
7,290
5,900

00
00
00
00

$29,830 00

$9,500
5,000
6,500
5,000

00
00
00
00

$26,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

181

HYDE PARK SAVINGS BANK — HYDE PARK.
Incorporated March 8, 1871. Number of corporators, 37.
H e n r y S. B unton , T reasurer.

R obert B l e a k ie , P resid en t.
S ta t em en t .

L ia b ilit ies .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$200,984 03
8,949 50
4,030 75

Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in bank, on interest, .
Expense account, .
Cash on hand, . . . .

$213,964 28

$5,000
250
25,000
113,202
56,550

00
00
00
00
00

5,000
5,539
362
3,060

00
66
11
51

$213,964 28

Loan on Bank Stock :—
On 5 shares Framingham National Bank, Framingham,

.

.

.

.

$250 00

Cash on Deposit in Bank : —
Maverick National Bank, Boston, .

.................................................. $5,539 66

Whole amount of interest or profits received or earned,
. . . .
$10,507 66
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
2,909 44
y e a r , ................................................................................... J2 per cent., i
3,120 45
Times for the dividends, fixed by the by-laws: January 1 and July 1.
The total amount of loans, with each specified rate of interest: $5,000, 4
per cent.; $9,000, 5 per cent.; $16,000,5£ per cent.; $123,052,6 per cent.;
$19,450,7 per cent.; $2,500,8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................... 100
Aggregate amount of the s a m e , ....................................................................... 112,202 00
Number of open accounts..................................................................1,213
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,...................................................................................
2,247
126,506 98
Number and amount of deposits of and exceeding $300at any one time,
for the previous y e a r ,............................................................................ 79
48,119 16
Number and amount of withdrawals,.................................
1,034
93,077 84
Number of accounts opened the previous y e a r , .....................................445
Number of accounts closed the previous y e a r , .....................................191
Amount of expenses of the corporation during previous year, .
.
.
1,050 00
Amount of treasurer’s b o n d ,...........................................................................
10,000 00
Date of examination by commissioner : March 21.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

182

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k St o c k .
Estimated

Par Value.

Commerce Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
First Nat’l Bank, Newburyport,

Market Value.

Amount Invested.

$1,000
1,300
2,700

$1,270 00
1.300 00
3,078 00

$1,000 00
1,300 00
2,700 00

$5,000

$5,648 00

$5,000 00

$7,840
4,720
5,900
6,000
1,160
1,200
1,200
1,200

$7,000
4,000
5,000
5,000
1,000
1,000
1,000
1,00)

R a ilr o ad B onds .

Fitchburg R.R 5s, .
.
.
.
Boston & Albany R.R. 6s,
Boston, Rev. Beach & Lynn R.R. 6s,
Old Colony R.R. 6s,
. . .
Boston & Albany R.R. 7s,
Boston & Maine R.R. 7s,
Boston & Providence R.R. 7 s ,.
Old Colony R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$7,000
4,000
5,000
5,000
1,000
1,000
1,000
1,000
$25,000

00
00
00
00
00
00
00
00

$29,220 00

/

00
00
00
00
00
00
00
00

$25,000 00

1887.]

P U B L IC

D O C U M E N T — No. 8

183

INSTITUTION FOR SAVINGS IN ROXBURY AND ITS VICINITY — BOSTON.
Incorporated 1825.

Number of corporators, 49.

A r t h u r W. T u fts , P resid en t.

E d w a r d R ic h a r d s , Treasurer.
S t a t em en t .

A ssets .

L ia b il it ie s .

$3,799,843 63
Deposits, .
12,109 80
Earnings undivided, .
118,500 00
Guaranty fund, .
43,245 20
Profit and loss, .

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Railroad notes,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
to w n s,.................................
State of Massachusetts, .
Deposit in banks, on interest,.
Cash on hand, . . . .

$3,973,698 63

$166,071
10,260
205,067
3,200
57,321
205.000
81,899
1,186,723
1,082,000

67
00
09
00
73
00
84
00
00

250,500
200.000
461,841
63,813

00
00
59
71

$3,973,698 63

Loans on Public Funds, amount on each : —
On $7,000 United States 4^s............................................................................... $7,000 00
On $1,500 United States 4£s...............................................................................
1,460 00
On $1,000 City of Lowell B o n d s,...................................................................j
^ oqq qo
On $1,000 City of Cambridge Bonds, .
Loans on Bank Stock, amount on each : —
On 2 shares Gloucester National Bank, Gloucester,......................................
On 5 shares Blue Hill National Bank, M i l t o n , ..........................................
On 25 shares National Rockland Bank, Boston...............................................

$200 00
500 00
2,500 00

Amount of real estate held by foreclosure,.......................................................$81,899
Assessed value of the s a m e ,...........................................................................
50,700
Amount of income received from the sam e,.................................................
1,124
Amount of municipal tax on real e s t a t e , .................................................
643

84
00
00
89

Cash on Deposit in Banks, amount in each: —
National Rockland Bank, Boston......................................................................$100,119 71
Hamilton National Bank, Boston...................................................................... 138,181 80
North National Bank, Boston............................................................................
173,540 08
Traders’ National Bank, B o sto n ,...................................................................
50,000 00
Whole amount of interest or profits received or earned,
. . . .
$161,606 16
Rate and amount of each semi-annual dividend for previous i 2 per cent., f 68,339 55
y e a r , ................................................................................... } lj per cent., t
53,277 32
Times for the dividends, fixed by the by-laws: third Wednesday in
April and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6£.
Date of the last extra dividend: October 20, 1875.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

184

B A N K C O M M IS S IO N E R S ’ R E P O R T,

[Jan.

The total amount of loans, with each specified rate of interest: $35,000, 2|
per cent.; $180,000, 3 per cent ; $15,500, 3^ per cent.: $265,000, 3J per
cent.; $105,000,3f per cent.; $571,575,4 per cent.; $100,000,4| per cent.;
$125,200, 4J per cent.; $13,500, 4| per cent.; $822,873,5 per cent.;
$34,000, 5J per cent.; $134,660, 6 per cent.; $52,500, 6£ per cent.;
$196,096 57, 7 per cent.; $5,000, 7^ per cent ; $1,000, 7 3-10 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each, .
135
Aggregate amount of the same.......................................................................... $236,608 00
Number of open a c c o u n t s ,................................................................. 10,299
Number and amount of deposits (including dividends) received for pre­
vious year,
.
...................................................................
12,562
980,403 87
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r,............................................................................... 629 369,527 00
Number and amount of withdrawals, .
..................................
8,444
745,982 96
Number of accounts opened the previous year, . . . .
2,078
Number of accounts closed the previous year,
. . . .
1,380
Amount of expenses of the corporation during previous year, .
.
.
9,101 31
Amount of treasurer’s bond...............................................................................
20,000 00
Date of examination by commissioner: March 10.

P ublic F unds .

Par Value.

United States 4^s,
City of Poston bs,
of Boston 4s,

.
.
.

.

.

.

Estimated
Market Value.

Amount Invested.

$90,000
51,000
30,000

$99,000 00
62,730 00
30,900 00

$85,071 67
51,000 00
30,000 00

$171,000

$192,630 00

$166,071 67

$1,500
7,200
34,438
6,084
2,275
8,470
1,905
6,650
18,600
40,000
23,355
32,550
63,750
2,898
808
990
3,996
3,264

$1,500
6,000
25,680
5,993
2,500
5,500
2,000
5,000
15,000
20,000
19,430
21,000
58,729
2,698
872
1,070
4,144
3,762

B a n k St o c k .

First Nat’l Bank, Danvers,
Atlas Nat’l Bank, Boston,
North Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
First Nat’l Bank. Boston,
Rockland Nat’l Bank, Boston,
People’s Nat’l Bank, Boston, .
Washington Nat’l Bank, Boston, ,
Republic Nat’l Bank, Boston, .
Shoe & Leather Nat’l B’k, Boston, .
Suffolk Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,500
6,000
25.700
5,200
2,500
5,500
1,500
5,000
15,000
20,000
17,300
21,000
51,000
2,100
800
900
,3700
3,200

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

00
00
47
00
00
00
00
00
00
00
00
00
50
87
00
25
00
75

1 8 8 7 .]

P U B L IC
B

185

D O CU M EN T — No. a

ank

St o c k

— Concluded.

Par Value.

Hamilton Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, ,

Estimated
Market Value.

Amount Invested.

$3,000
500

$3,750 00
585 00

$3,580 00
606 25

$191,400

$263,077 00

$205,067 09

R ailroad B onds .

Old Colonv R.R.,
.
.
.
Boston & Providence R.R.,
Boston & Albany R.R., .
Boston & Maine R.R,,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$16,000
12,000
17,000
6,000

$19,360
14,400
19.890
7,080

00
00
00
00

$51,000

$60,730 00

$17,760
13,614
19,240
6,706

39
67
42
25

$57,321 73

)

186

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

INSTITUTION FOR SAYINGS IN NEWBURYPORT AND ITS VICINITY —
NEWBURYPORT.
Incorporated 1820. Number of corporators, 77.
E d w a r d S. M o s e l e y , P resid en t.

P h i l i p K . H il l s , Treasurer.
S tatem ent.

L ia b ilit ies .

Deposits, .
$4,860,200 16
Earnings undivided, .
80,529 78
Guaranty fund, .
173,000 00

A ssets .

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Railroad notes,
Real estate,
.
.
Loans on real estate,
Loans on personal security, .
Loans to counties, cities, or
tow n s,..................................
Deposit in bank, on interest, .
Insurance,
. . . .
Cash on hand, . . . .

$5,113,729 94

$893,000
933,320
8,600
115.000
195.000
10,000
894,237
1,624,230

00
00
00
00
00
00
00
00

391.000
47,953
101
1,288

00
16
73
05

$5,113,729 94

Loans on Bank Stock, amount on each : —
On 16 shares First National Bank, Newburyport,
On 53 shares Mechanicks’ National Bank, Newburyport,
On 88 shares Merchants’ National Bank, Newburyport,
On 4 shares Mechanicks’ National Bank, Newburyport,
Invested in real estate (for banking purposes),
Estimated value of the same,.................................
Amount of municipal tax on real estate,

$1,550 00

'J

6,800 00
250 00

.

$

10,000 00

17,000 00
294 10

Cash on Deposit in Bank : —
First National Bank, Newburyport,

.

Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
y e a r , ....................................................................................J 2 per cent., 1
Times for the dividends, fixed by the by-laws: fourth Wednesday in April
and October.
The total amount of loans, with each specified rate of interest: $291,500,
H per cent.; $262,000, 31 per cent.; $100,000, 3J per cent.; $897,500, 4
per cent.; $20,000, 4J per cent.; $307,800,41 per cent.; $393,500, 4£ per
cent.; $307,000, 41 per cent.; $448,470,5 per cent.; $62,455, 5J per cent.;
$7,800, 51 per cent.; $950,042, 6 per cent.; $73,000, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ...........................................................................
. 389
Aggregate amount of the same,
.
.
...................................................
Number of open a c c o u n ts ,...........................................................10,613
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...................................................................................
5,443


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$47,953 16
$239,889 21
91,820 88
93,421 04

384,847 00

695,516 20

1 8 8 7 .J

P U B L IC

187

D O C U M E N T — N o. 8

Number and amount of deposits of and exceeding $300 at any one time,
. 331 $193,573 02
for the previous y e a r ,................................. *
547,431 71
6,028
Number and amount of withdrawals, .
1,031
Number of accounts opened the previous year, .
. 833
Number of accounts closed the previous year,
, .
6,670 38
Amount of expenses of the corporation during previous year,
20,000 00
Amount of treasurer’s b o n d ,..................................................
Date of examination by commissioner: October 12.
P ublic F u n d s .

Par Value.

United States 4^s, .
.
.
.
United States 4s,
. . .
City of Charlestown 6s, .
of Holyoke 6s,
. . .
of Lynn 6s,
. . .
of Lynn 3^s, .
.
.
.
of Springfield 7s,
of Nashua, N. IL, 6s,
of Concord, N. H., 6s,
of Hai’tford, Conn., 6s, .
of Des Moines, Iowa, 4Js,
of Somerville 4s,
of Newbury port 6s,
of Lewiston, Me., 6s,
of Bangor, Me., 7s,
of Lawrence 4s,
of Worcester 3Js, .
of Portland, Me., 6s,
of Lowell 4s, .
Town of Groveland 5s, .
of Beverly 4s,
.
.
of Melrose 7s,
of Marlborough 4s,

.

$95,000
50,000
35,000
25,000
75,000
25,000
40,000
50,0« 0
35,000
5,000
25,000
11,000
18$,000
10,000
25,000
30,000
25,000
60,000
20,000
16,000
14,000
8,000
31,000

Estimated
Market Value.

$106,044
64,250
37,100
31,500
85,500
25.250
56,800
55,500
40,250
5,400
25,000
11,660
197.640
10,800
31,250
32,100
25,375
66,200
21,400
16,000
14,700
9,320
33,170

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$893,000 $1,002,209 00

Amount Invested.

$95,000
50,000
35,000
25.000
75,000
25,000
40,000
50,000
35,000
5,000
25.000
11.000
183,000
10,000
25,000
30,000
25,000
60,000
20.000
16,000
14,000
8,000
31,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$893,000 00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Old Boston Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Commerce Nat’l Bank. Boston,
Commonwealth Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Eliot Nat’l Bank. Boston,
Exchange Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$12,200
75,000
4,700
3,700
10,000
10,800
30,000
22,100
25,000
28,600
7,400
10,000

$16,287
90,188
5,264
4,486
12,000
10,962
37,575
28,067
29,500
30,888
9,417
13,200

00
00
00
00
00
00
00
00
00
00
00
00

$12,200
75,000
4,700
3,700
10,000
10,800
30,000
22,100
25,000
28,600
7,400
10,000

00
00
00
00
00
00
00
00
00
00
00
00

188

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B an k Stock — Concluded.

Par Value.

Fmeuil Hall Nat’l Bank, Boston, .
First Nat’i Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank. Boston,
Hide and Leather Nat’l B’k, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston, .
Maverick Nat’l Bank, Boston,.
Merchants’ Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
No. America Nat’l Bank, Boston, .
Redemption Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe and Leather Nat’l B’k, Boston,
State Nat’ l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Washington Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Mechanicks’ Nat’l B’k, Newburyport,
Merchants’ Nat’l B’k, Newburvp’t, .
Ocean Nat’l Bank, Newburyport, .
First Nat’l Bank, Newburyport,
Gloucester Nat’l Bank, Gloucester,

$24,000
10,000
27,000
14,200
25,000
15,000
26,700
50,800
8,250
20,000
17.300
10,000
30,200
6,000
25,800
37,500
48,000
20,000
40,000
6,900
22,500
22,500
50,000
20,800
35,300
20,000
21,500
24,520
5,250
2,800
6,000

Estimated
Market Value.

Amount Invested.

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$24,000 00
10,000 00
27,000 00
14,200 00
25,000 00
15,000 0)
26,700 00
50,800 00
8,250 00
20,000 00
17,300 00
10,000 00
30,200 00
6,000 00
25,800 00
37,500 00
48,<)O0 00
* 20,000 00
40,000 00
6 900 00
22 500 00
22,500 00
50,000 00
20,800 00
35,300 00
20,000 00
21,500 00
24,520 00
5,250 00
2,800 00
6,000 00

$933,320 $1,151,281 00

$933,320 00

$32,700
21,200
27,068
13,490
31,250
17,888
30,905
48,133
7,838
44,250
24,307
14,475
40,619
6,300
32,250
46,500
73,920
23.850
40,700
8,073
24,919
22,275
51,250
39,260
44,125
20,500
26,875
30,650
6,825
3,192
7,860

R a il r o a d B onds .

Eastern R.R. 6s,
.
.
Vermont & Massachusetts R.R. 5s,
Old Colonv R.R. 4s,
Fitchburg R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$50,000
25,000
15,000
25,000
$115,000

$64,250
28,125
15,900
25,750

00
00
00
00

$134,025 00

$50,000
25,000
15,000
25,000

00
00
00
00

$115,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

189

IPSWICH SAYINGS BANK — IPSWICH.
Incorporated 1869. Number of corporators, 29.
T h e o d o r e F. C o g s w e l l , T reasurer.

J o se p h R oss , P resid en t.

St a t e m e n t .

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$295,665 42
8,026 35
4,875 00

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loan on railroad bonds, .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
.................................
Cash on hand, . . . .

$308,566 77

$5,030
1,300
58,392
1,000
4,015
185,804
18,193

00
00
00
00
00
00
25

10,600 00
21,773 38
1,432 25
1,026 89
$308,566 77

Loans on Public Funds, amount on each: —
On $1,000 City of Newton 6s,...........................................................................
On $1,000 City of Chelsea 6 s , ...................................................................

$800 00
500 00

Loan on Railroad Bonds: —
On $2,000 Old Colony R. R. .............................................................................$1,000 00
Amount of real estate held by foreclosure,.................................................. $4,015 00
Assessed value of the same, .
Amount of income received from the same, .
Amount of municipal tax on real estate,
Cash on Deposit in Banks, amount in each : —
Merchants’ National Bank, Salem, .
.......................................... $11,773 38
First National Bank, Sa lem ,...........................................................................
11,432 25
$15,561 10
Whole amount of interest or profits received or earned,
. . . .
5,100 00
Rate and amount of each semi-annual dividend for previous 1 2 per cent., j
5,400 00
y e a r , ................................................................................... J 2 per cent., I
Times for the dividends, fixed by the by-laws : fourth Wednesday in Jan­
uary and July.
The total amount of loans, with each specified rate of interest: $2,000, 4
per cent.; $4,800 4| per cent.; $3,800, 5 per cent.; $2,500, 5£ per cent.;
$203,797, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 285
201,897 25
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,..........................................................
1,474
Number and amount of deposits (including dividends) received for previous
89,163 74
y e a r , ..................................................................................................... 1,310
Number and amount of deposits of and exceeding $300 at any one time,
27,622 68
for the previous y e a r ,................................................................................ 52


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

190

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

[Jan

Number and amount of withdrawals....................................................... 752
Number of accounts opened the previous year,
279
Number of accounts closed the previous y e a r , ..................................139
Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bond...............................................................................
Date of examination by commissioner : May 21.

$58,802 01

831 36
25,000 00

P ublic F unds .

Par Value.

City of Manchester, N. H., 6s,
of Providence, R. I., 5s, .
of Bangor, Me., 6s, .
of Dover, N. H., 6s, .
Town of Provincetown 5s,

$600
2,000
1,000
500
1,000
$5,100

Estimated
Market Value.

$690
2,300
1,150
575
1,100

00
00
00
00
00

Amount Invested.

$600
2,000
930
500
1,000

00
00
00
00
00

$5,815 00

$5,030 00

$1,000
2,730
3,780
2,280
5,826
2,520
2,665
1,625
4,896
3,462
616
1,200
544
3,312
2,375
980
700
1,250
2,340
5,740
1,180
3,750
1,632
1,025
2,290
2,000

$952
2,310
3,645
2,090
4,915
2,205
2,665
1,456
5,004
3,150
580
1,175
400
3,360
2,500
800
665
1,180
2,280
5,800
1,080
3,750
1,000
1,080
2,160
2,160

B a n k St o c k .

Nat’l Grand Bank, Marblehead,
Salem Nat’l Bank, Salem,
Naumkeag Nat’l Bank, Salem,
Mercantile Nat’l Bank, Salem,
First Nat’l Bank, Salem, .
Asiatic Nat’l Bank, Salem,
Merchants’ Nat’l Bank, Salem,
Exchange Nat’ l Bank, Salem,
Merchants’ Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
¡second Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Union Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Gloucester Nat’l Bank, Gloucester,
Hamilton Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
New England Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Redemption Nat'l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$800
2,100
2,700
1,900
4,300
1,890
2,050
1,300
3.600
2,500
400
1,000
400
2,400
2,500
800
500
1,000
2,000
4,000
1,000
3.000
1,000
1,000
1,800
2,000
7,940

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$61,218 00

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$58,392 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

191

LAWRENCE SAYINGS BANK — LAWRENCE.
Incorporated March 10, 1868.
H e z e k ia h P l u m m e r , P resid en t.

Number of corporators, 81.
W

il l ia m

R. S p a l d in g , T reasurer.

Statem ent.

A ssets .

L iab ilities .

Deposits,
Earnings undivided, .
Guaranty fund, .

$467,225 13
21,134 84
9,742 85

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Deposit in banks, not on intere s t , .................................
Expense account,
Cash on hand, . . . .

$498,102 82

$14,000
79,300
16,000
50,000
5,748
219,440
60,692
46,097

00
00
00
00
76
50
00
93

3,000 00
984 87
2,838 76
$498,102 82

Loans on Bank Stock, amount on each : —
On 60 shares Pemberton National Bank, L a w ren ce,......................................... $6,000 00
On 100 shares Bay State National Bank, L a w ren ce,........................................*10,000 00
Amount of real estate held by foreclosure,.................................................. $5,748 76
Assessed value of the same,
..................................................
4,500 00
Amount of income received from the sam e,..................................................
261 05
73 80
Amount of municipal tax on real e s t a t e , ..................................................
Cash on Deposit in Banks, amount in each
Pemberton National Bank, Lawrence,...........................................................
Lawrence National Bank, L a w ren ce,...........................................................
Commonwealth National Bank, B o s t o n , ..................................................

$13,173 90

Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
y e a r , .................................................................... ........
. ) 2 per cent, 1
Times for the dividends, fixed by the by-laws: January 1 and July 1.
The total amount of loans, with each specified rate of interest: $29,700, 4J
per cent.; $50,800, 5 per cent.; $15,800, 5£ per cent.; $161,442.50, 6 per
cent : $7,300, 6^ per cent.; $31,090, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................... 200
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,................................................................... 1,522
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................ 1,830
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, ...............................................................................115
Number and amount of withdrawals,
838
Number of accounts opened the previous year, .
.
.
.
.
380
Number of accounts closed the previous y e a r , .....................................279

$26,637 16
8,110 57
8,573 23

* This bank has been notified that this loan exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

20,000 00

15,924 03

161,362 50

141,047 62
66,860 39
101,867 62

192

[Jan.

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

Amount of expenses of the corporation during previous year, .
.
.
Amount of treasui-er’s b o n d ,...........................................................................
Date of examination by commissioner : March 17.

$2,000 00
10,000 00

P ublic F unds .

Par Value.

$2,000
1,000
1,000
6,000
4,000

United States 4s,
United States 6s,
City of Lawrence 6s,
of Keene, N. H., 4s,
of Worcester 6s,
.

$14,000

Estimated
Market Value.

$2,567
1,260
1,200
6,120
4,560

20
50
00
00
00

$15,707 70

Amount Invested.

$2,000
1,000
1,000
6,000
4,000

00
00
00
00
00

$14,000 00

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Nat’l Bank of Commerce, Boston, .
N ’lB ’k of the Common w’lth, Boston,
Central Nat’l Bank, Boston, .
Lliot Nat’l Bank, Boston,
First Ward Nat’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Hide & Leather Nat’l B’k, Boston, .
Market Nat 1 Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,
State Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Lawrence Nat’l Bank, Lawrence, .
Pemberton Nat’l Bank, Lawrence, .

$2,000
2,900
1,000
2,700
2,700
5,600
2,400
1,600
6,300
1,500
10,300
5,600
2,000
2,300
5,400
3,400
1,800
8,900
4,000
700
6,300

$2,405
3,148
1,015
3,429
3,186
5,940
3,054
2,032
6,930
1,736
12,282
5,306
2,810
2,415
6,318
3,400
1,782
9,122
4,100
770
8,505

00
00
00
00
00
00
00
00
00
25
75
00
00
00
00
00
00
50
00
00
00

$2,000
2,900
1,000
2,700
2,700
5,500
2,400
1,600
6,300
1,500
10,300
5,600
2,000
2.300
5,400
3,400
1,800
8,900
4,000
700
6,300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$89,686 50

$79,300 00

$20,000
5,000
5,000
20,000

$22,700
6,025
5,175
22,800

$20,000
5,000
5,000
20,000

$50,000

$56,700 00

$79,300

R a ilr o a d B onds .

Fitchburg R.R. 5s, .
Fitchburg R R. 6s, .
Boston & Lowell R.R. 4s,
Old Colony R.R. 4Js,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00

00
00
00
00

$50,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

193

LEE SAYINGS BANK — LEE.
Incorporated March 5, 1852. Number of corporators, 72.
P. C. B a i r d , P resident.

J o h n L. K il b o n , T reasurer.
Statem ent.

A ssets .

L iab ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$626,253 49
18,952 22
20,000 00

Public funds, . . . .
Loan on public funds,
Bank stock,
Loans on bank stock,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Loan on bank book,
Deposit in banks, on interest, .
Deposit in banks, not on in­
terest, ..................................
Expense account,
Premium account, .

$665,205 71

$155,650
300
136,918
500
290,435
37,795

00
00
00
00
11
00

4,500 00
275 00
20,095 52
9,419 55
1,017 53
8,300 00
$665,205 71

Loan on Public Funds : —
On $300 United States Bonds...........................................................................

$300 00

Loan on Bank Stock : —
On 14 shares Lee National Bank, L e e ,...........................................................$500 00
Amount of income received from foreclosed real estate sold the previous
y e a r , .......................................................................................................................$164 22
Cash on Deposit in Banks, amount in each : —
Springfield Safe Deposit and Trust Company, Springfield, . . . .
$20,095 52
Lee National Bank, L e e ,............................................................................................. 9,419 55
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous l 2 per cent., f
year.................................................................................. J 2 per cent., 1
Times for the dividends, fixed by the by-laws : May 31 and November 30.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5 2-10.
Date of the last extra dividend: November 30, 1885.
The total amount of loans, with each specified rate of interest: $22,000,
5 per cent.; $311,805.11, 6 per cent
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................... 257
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,................................................................... 1,911
N umber and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................ 1,399
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.................................................................................96
Number and amount of withdrawals,.........................................
. 931
Number of accounts opened the previous y e a r ,..................................302
Number of accounts closed the previous y e a r , ..................................205


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$37,511 94
11,407 97
11,641 02

211,119 23

147,398 11
58,845 72
113,689 98

194

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

[Jan

Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bond...............................................................................
Date of examination by commissioner : August 18.

$2,313 01
10,000 00

P ublic F un d s .

Par Value.

United States 4s,
District of Columbia 5s, .
State of Massachusetts 5s,
County of Hampden 8s, .
City of Boston 4s, .
of Boston 5s, .
.
.
.
of Boston 6s, .
of Springfield 7s, .
of Hartford, Conn., 4Js, .
of Providence, R. L, 5s, .
of Indianapolis, Ind., 6s, .

$30,000
10,000
20,000
45.000
9.000
1.000
10.000
10,000
2,000
10,000
10,000
$157,000

Estimated
Market Value.

$38,100
11,700
22,825
43,650
9,135
1,230
13,100
11,450
2,250
12,050
11,300

00
00
00
00
00
00
00
00
00
00
00

$176,790 00

Amount Invested.

$30,000
10,000
20,000
43,650
9.000
1.000
10,000
10,000
2,000
10,000
*10,000

00
00
00
00
00
00
00
00
00
00
00

$155,650 00

B a n k St o c k .

Lee Nat’l Bank, Lee,
Adams Nat’l Bank, No. Adams,
First Nat’l Bank, Adams,
Pittsfield Nat’l Bank, Pittsfield,
Housatonic Nat’l B’k, Stockbridge,
First Nat’l Bank, Amherst,
First Nat’l Bank, Springfield, .
First Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Everett Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,.
Hamilton Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Nat’l Hide and Leather B’k, Boston,
Nat’l Eagle Bank, Boston,
Nat’l Revere Bank, Boston,
Nat’l Webster Bank, Boston, .
Nat’l State Bank, Boston,
Nat’l Bank of Commerce, Boston, ,
Nat’l Bank of Redemption, Boston,
Nat’l B’k of Commonwealth, Boston,
Nat’l Bank of Republic, Boston,
Nat’l Bank of No. America, Boston,

$18,000
7,000
3,300
15,000
7,500
2,500
2,000
10,000
2,300
1,500
2,500
1,000
5,000
2,800
1,000
6,500
6,800
4,000
3,500
1,500
5,500
5,000
1,000
3,000
9,100
$127,300

$25,200
9,800
4,950
24,600
13,125
3,850
3,320
21,000
2,714
1,500
2,375
1,250
5,200
3,346
1,335
7,735
7,344
4,960
3,570
1,755
6,985
6,250
1,180
4,155
9,555

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$177,054 00

$18,850
7,000
3,300
18,848
9,750
3,850
3,320
10,000
2,300
1,500
2,500
1,000
5,000
2,800
1,000
6,500
6,800
4,000
3,500
1,500
5,500
5,000
1,000
3,000
9,100

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$136,918 00

* This hank has been notified that this investment is illegal, the indebtedness not being for
municipal purposes.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

195

LEICESTER SAYINGS BANK — LEICESTER.
Incorporated 1869. Number of corporators, 32.
G e o e g e H. S peagtje , T rea surer.

L o e y S. W a t s o n , P resid en t.
St a t e m e n t .

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$353,926 33
12,232 31
9,331 35

$375,489 99

Public funds, . . . .
Loan on public funds,
Bank stock,
.
Loan on bank stock,
Railroad bonds,
. . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, on interest, .
Expense account, .
Premium account, .

$135,806
1,700
48,345
1,500
19,000
122,325
24,750

25
00
87
00
00
00
00

3,000
16,825
214
2,022

00
37
70
80

$375,489 99

Loan on Public Funds : —
On $2,000 United States 4s.................................................................................$1,700 00
Loan on Bank Stock : —
On 16 shares Leicester National Bank, Leicester,..........................................$1,500 00
Cash on Deposit in Bank: —
Leicester National Bank, L e i c e s t e r ,.......................................................... $16,825 37
Whole amount of interest or profits received or earned,
. . .
.
$18,167 81
Rate and amount of each semi-annual dividend for pre-1 2 per cent., f
6,653 22
vious y e a r , .................................................................. 12 per cent., 1
6,798 19
Times for the dividends, fixed by the by-laws : June and December.
The total amount of loans, with each specified rate of interest: $16,000, 4
per cent.; $750, 4^ per cent.; $82,850, 5 per cent.; $1,800, 5£ per cent.;
$51,375, 6 per cent.; $500, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each, .
.
.
.
.
.
.
................................. 103
Aggregate amount of the s a m e , ...................................................................
87,575 00
Amount of investments from which no income is received, . . . .
2,000 00
Number of open a c c o u n ts ,...................................................................774
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,.................................................. ......................................... 481
49,047 99
Number and amount of deposits of and exceeding $300 at any one time,
18,356 75
for the previous y e a r ,...................................................................
. 327
38,187 28
Number and amount of withdrawals,..........................................
. 94
Number of accounts opened the previous year, . . . .
. 60
Number of accounts closed the previous year,
.
803 82
Amount of expenses of the corporation during previous year, .
10,000 00
.
Amount of treasurer’s bon d ,..........................................................
Date of examination by commissioner : June 25.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

196

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

P ublic F un d s .

Par Value.

United States 4s,
United States 4^s,

.
.

.
.

.
.

.

County, city and town bonds : —
Strafford Countv, N. H., 4s,
City of Worcester 6s,
of Fall River 6s,
of Somerville 5s,
of Chelsea 6s, .
of Lynn 6s,
.
.
.
.
of Springfield 7s,
of Manchester, N. H., 6s,
of Lawrence 4s,
of Columbus, Ohio, 4s, .
of Dayton, Ohio, 4s,
of Waterbury, Conn., 4s,
of Lowell 4s, .
Town of Clinton 4s,
. . .
of Beverly 4s,

$20,000
10,000
5,000
12,000
1,000
10,000
8,000
6,000
2,000
1,000
10,000
10,000
5,000
5,000
10,000
10,000
10,000
$135,000

Estimated
Market Value.

$25,700 00
11,162 50
5,100
13,620
1,240
10,450
9,520
7,050
2,100
1,260
10,700
10,600
5,300
5,175
10,950
10,500
10,700

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$20,000 00
10,000 00
5,000
12,000
1,000
10,806
8,000
6,000
2,000
1,000
10,000
10,000
5,000
5,000
10,000
10,000
10,000

00
00
00
25
00
00
00
00
00
00
00
00
00
00
00

$151,127 50

$135,806 25

$2,940
5,850
2,079
3,780
1,182
2,210
2,700
1,365
3,060
1,275
5,962
1,180
1,860
3,625
1,430
8,436

$2,635
5,397
2,628
3,610
1,150
1,178
2,425
1,815
3,162
1,346
5,954
1,100
1,925
3,525
1,314
9,178

B a n k St o c k .

Howard Nat’l Bank, Boston, .
State Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Maverick Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Mai'ket Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
Nat’l Bank of No. America, Boston,
Nat’l Hide & Leather B’k, Boston, .
N ’l B’k of the Commonwealth,Boston,
Nat’l Revere Bank, Boston,
Central Nat’l Bank, Worcester,
Millbury Nat’l Bank, Millbury,
Leicester Nat’l Bank, Leicester,

$2,500
5,000
2,100
3,000
1,000
1,000
2,000
1,500
3,000
1,200
5,000
1,000
1,500
2,500
1,100
7,400
$10,800

63
00
00
00
50
00
00
00
00
00
50
00
00
00
00
00

00
50
50
00
00
75
00
40
50
00
40
00
00
00
50
32

$48,935 63

$48,345 87

$10,000
3,000
2,000
4,000

$11,200
3,855
2,090
4,260

$10,000
3,000
2,000
4,000

$19,000

$21,405 00

R a ilr o a d B onds .

Vermont & Massachusetts R.R. 5 s,.
Eastern R.R. 6s,
. . .
Boston & Lowell R.R. 4s,
Fitchburg R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00

00
00
00
00

$19,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

197

LEOMINSTER SAVINGS BANK — LEOMINSTER.
Incorporated 1865. Number of corporators, 35.
D. B. L ook , P resid en t.

A . L . B u k d itt , Treasurer.
State m e n t.

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

A ssets .

$625,796 20
3,134 34
20,500 00

$3,500
69,850
135
800
20,000
19,174
330,756
127,286
450
70,000

Loans on public funds, .
Bank stock,
. . . .
Loan on bank stock,
Loan on railroad bonds, .
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loan on deposit book,
Deposit in banks, on interest, .
Deposit in banks, not on inter­
.................................
est,
Tax account, . . . .
Cash on hand............................

00
00
00
00
00
46
00
09
00
00

3,188 82
233 12
4,057 05
$649,430 54

$649,430 54

Loans on Public Funds, amount on each :—
On $500 United States 4 s , ...........................................................................$500 00
On $3,000 Town of Clinton B o n d s , ..........................................................
3,000 00
Loan on Bank Stock: —
On 10 shares First National Bank, Leominster,

$135 00

Loan on Railroad Bonds : —
On $1,000 Boston & Albany R. R

. , ...........................................................$800 00

Invested in real estate (for banking purposes)
.
.
.
.
Estimated value of the same, .
Amount of real estate held by foreclosure,..............................
Assessed value of the s a m e ,.......................................................
Amount of income received from the same,...............................
Amount of municipal tax on real e s t a t e , ..............................

.

.

19,174
22,650
1,643
648

$20,000 00
20,000 00
46
00
69
03

Leominster National Bank, L e o m i n s t e r ,................................. $28,188
Traders' National Bank, B o s to n ,...............................................
15,000
Westminster National Bank, Westminster...................................
10,000
Safety Fund National Bank, F i t c h b u r g ,...............................
20,000

82
00
00
00

Cash on Deposit in Banks, amount in each: —

Whole amount of interest or profits received or earned,
. . . .
$34,183 12
Rate and amount of each semi-annual dividend for previous f 2 per cent., f
11,722 93
y e a r , ....................................................................................i 2 per cent., 1
12,063 99
Times for the dividends, fixed by the by-laws: January 1 and July 1.
The total amount of loans, with each specified rate of interest: $500, 4 per
cent.; $107,900, 5 per cent.; $34,916, 5J per cent.; $319,611,09, 6 per
cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

198

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number of outstanding loans which are of an amount not exceeding $3,000
each,
.
.
................................................................................... 361
Aggregate amount of the s a m e , ...................................................................$291,227 00
Amouut*of investments from which no income isreceived. . . .
650 00
Number of open a c c o u n ts ,...................................................... 1,938
Number and amount of deposits (including dividends) received for pre­
vious year, ....................................................................................
1,119
141,180 32
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................
88
56,860 59
Number and amount of withdrawals,.................................
1,077
117,379 91
Number of accounts opened the previous year, .
.
.
.
.
263
Number of accounts closed the previous y e a r , ..................................247
Amount of expenses of the corporation during previousyear,
.
.
.
1,729 10
Amount of treasurer’s b o n d ,...........................................................................
15,000 00
Date of examination by commissioner: June 3.
B a n k St o c k .

Par Value.

Leominster Nat’l Bank, Leominster,
First Nat’l Bank, Leominster,.
Safety Fund Nat’l Bank, Fitchburg,
Webster Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Commonwealth Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Globe Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Market Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Nat’l B’k of North America, Boston,
Boylston Nat’l Bank, Boston, .
Eagle Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
Merchandise Nat’l Bank, Boston, .
Nat’l Bank of Commerce, Boston, .
'


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$16,000
3,350
8,000
7,500
6,200
1,000
2,100
6,100
2,700
1,000
500
2,500
3,400
2,000
3,000
1,500
1,700
200
200
900

$16,480
1,675
8,960
7,650
7,502
1,180
2,079
5,795
2,902
910
560
3,175
3,400
2,360
3,150
2,000
1,836
202
208
1,143

00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00

$69,850

$73,167 50

Amount Invested.

$16,000
3,350
8,000
7,500
6,200
1,000
2,100
6,100
2,700
1,000
500
2,500
3,400
2,000
3,000
1,500
1,700
200
200
900

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$69,850 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

199
I

LEXINGTON SAYINGS BANK — LEXINGTON.
Incorporated March 11, 1871. Number of corporators, 13;
G e o . W . R o b in s o n , P resid en t.

B r a d l y C. W

h it c h e r ,

T rea surer.

Statem ent.

A ssets .

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Profit and loss, .

$122,230
669
1,677
3,247

54
93
37
47

Bank stock,
. . . .
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest,.
Furniture,
. . . .
Cash on hand, . . . .

$127,825 31

$4,317
75,654
26,925
20,774
85
68

75
75
00
64
00
17

$127,825 31

Cash on Deposit in Banks, amount in each : —
Fourth National Bank, Boston..............................................................................*$13,803 02
Market National Bank, B o s t o n ,............................................................................ *7,071 62
Whole amount of interest or profits received or earned,. . . .
Rate and amount of each semi-annual dividend for previous >2^ per cent., f
y e a r , ...........................................................................>2A per cent.,
1
Times for the dividends, fixed by the by-laws : third Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5.
Date of the last extra dividend: April, 1883.
The total amount of loans, with each specified rate of interest: $100,079.75,
6 per cent.; $2,500, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ...........................................................................
50
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,................................................................... 574
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ........................................................................................ 748
Number and amount of deposits of and exceeding $'300 at any one time,
84
for the previous year...........................................................................
Number and amount of withdrawals,..........................................
1,101
Number of accounts opened the previous y e a r , ..................................126
Number of accounts closed the previous y e a r , ................................ 48
Amount of expenses of the corporation during the previous year,
.
.
Amount of treasurer’s bond, .
..................................................
Date of examination by commissioner: April 16.

$5.976 63
2,230 72
2,590 84

60,978 65

103,668 81
53,063 20
77,491 46

362 27
5,000 00

* This bank was notified that these deposits exceeded the legal limit, and they have since been
reduced.
>


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

200

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k St o c k .

Merchandise Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
Globe Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

Par Value.

Estimated
Market Value.

Amount Invested.

$1,800
1,200
1,500

$1,872 00
1,092 00
1,425 00

$1,764 00
1,080 00
1,473 00

$4,500

$4,389 00

$4,317 75

1 8 8 7 .]

P U B L IC

201

D O C U M E N T — N o. 8

LOWELL FIVE CENTS SAYINGS BANK — LOWELL.
Incorporated 1854. Number of corporators, 112.
S e w a l l G. M a c k , P resid en t.

A r t e m a s S. T y l e r , Treasurer.
S tatem ent.

A ssets .

L ia b ilit ie s .

Deposits,
$1,251,167 12
Earnings undivided, .
91,468 51
Guaranty fund, .
37,170 78

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Loans on bank books,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in banks, on interest, .
Expense account,
Cash on hand, . . . .

$1,379,806 41

$47,975
500
175,420
20,400
675
65.000
124,680
681,425
175,000

09
00
00
00
00
00
00
00
00

25.000
59,657
2,654
1,419

00
55
76
10

$1,379,806 41

Loan on Public Funds : —
On $500 United States 4 £ s , ............................................................................

$500 00

Invested in real estate (for banking purposes), .
.
.
Estimated value of the same, ............................................................................
Amount of real estate held by foreclosure,...................................................
Assessed value of the sa m e ,...........................................................................
Amount of income received from the same,..................................
Amount of municipal tax on real e s t a t e , ..................................................

oo

'C
oD
o

Loans on Bank Stock, amount on each: —
On 39 shares Prescott National Bank, Lowell, .
.
.
On 63 shares Prescott National Bank, Lowell.................................................
On 14 shares Appleton National Bank, L o w e l l ,..........................................
On 1 share First National Bank, L o w e l l , ..................................................
On 1 share Old Lowell National Bank, L o w e l l,..........................................
On 4 shares Crocker National Bank, Turner’s F a l l s , ..................................
On 67 shares Crocker National Bank, Turner’s Falls, .
.
.
On 34 shares Rollstone National Bank, F it c h b u r g ,..................................

00

7,000 00
500 00
9,000 00
$65,000
65,000
124,680
82,850
4,425
1,197

00
00
00
00
46
74

Cash on Deposit in Banks, amount in each: —
Prescott National Bank, L o w e ll,...................................................................
Appleton National Bank, L o w ell,...................................................................
National Bank of the Commonwealth, B o s t o n ,..........................................

$33,225 23
24,974 09
1,458 23

Whole amount of interest or profits r e c e i v e d ,..........................................
Rate and amount of each semi-annual dividend for previous 12 per cent.,
y e a r , ....................................................................................12 per cent.,
Times for the dividends, fixed by the by-laws: first Saturday in January
and July.

$66,029 62
23,521 15
23,864 99


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

202

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

[Jan

The total amount of loans, with each specified rate of interest : $60,400,
4£ per cent. ; $187,800, 4| per cent. ; $403,025, 5 per cent. ; $8,400, 5£ per
cent. ; $236,300, 6 per cent. ; $30,000, 6£ per cent. ; $21,550, 7 per cent. ;
$500, 7 3-10 per cent. ; $3,000, 7^ per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each, ...........................................................
Aggregate amount of the s a m e , ..................................................
$120,100 00
Amount of investments from which no income is received, .
14,780 00
Number of open a c c o u n ts ,..........................................................
6,223
Number and amount of deposits (including dividends) received for previous year.........................................................................................
206,312 66
14,996
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...................................................................
67,676 54
Number and amount of withdrawals, .
.
.
.
.
.
2,144
166,854 46
Number of accounts opened the previous year, . . . .
. 850
Number of accounts closed the previous year,
.
.
.
. 692
Amount of expenses of the corporation during previous year, .
.
7,097 54
Amount of treasurer’s b o n d ,...........................................................
30,000 00
.
Date of examination by commissioner: August 7.
P u b l ic F u n d s .

City of Lowell bonds,
of Cambridge bonds,

Bank

Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
City Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Commonwealth Nat’l B’k, Boston, .
Continental Nat’l Bank, Boston,
Eagle Natl Bank, Boston,
Eliot Nat’l Bank, Boston,
Exchange Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Faneuil Hall Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Hide & Leather Nat’l B’k, Boston, .
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
North Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Par Value.

Estimated
Market Value.

Amount Invested.

$35,000
15,000

$37,975 00
15,000 00

$32,975 00
15,000 00

$50,000

$52,975 00

$47,975 00

St o c k .

$4,400
5,000
4,000
5,200
5,000
4,000
1,000
7,000
3,000
5,000
1,700
2,000
500
5,000
6,000
5,000
1,500
2,000
2,000
1,000
500

$5,291
5,600
4,850
6,9*2
5,075
5,080
1,180
8,268
3,240
6,362
2,244
2,000
681
5,012
5,700
6,250
1,788
2,315
2,200
1,405
672

00
00
00
50
00
00
00
75
00
50
00
00
25
50
00
00
75
00
00
00
50

$4,400
5,000
4,000
5,200
5,000
4,000
1,000
7,000
3,000
5,000
1,700
2,000
500
5,000
6,000
5,000
1,500
2,000
2,000
1,000
500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00,
00

1 8 8 7 .]

P U B L IC

203

D O C U M E N T — N o. 8

B a n k S t o c k — C o n c lu d e d .

Par Value.

North America Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe & Leather Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Washington Nat’l Bank, Boston, .
First Nat’l Bank, Lowell,
Merchants’ Nat’l Bank, Lowell,
Old Lowell Nat’l Bank, Lowell,
Prescott Nat’l Bank, Lowell, . .
Railroad Nat’l Bank, Lowell, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$9,000
10,000
1,000
2,700
2,500
500
4,000
2,000
9,200
7,100
4,000
2,000
8,500
3,500
8,300
13,500
7,500
$166,100

Estimated
Market Value.

$9,450
12,500
1,385
3.348
3,850
596
4,070
2,340
10,189
7,277
5,520
2,500
14,025
4,375
10,458
20,925
9,750

00
00
00
00
00
25
00
00
00
50
00
00
00
00
00
00
00

$204,697 50

Amount Invested.

$9,000
10,000
1,000
2,700
2,500
500
4,000
2,000
9,200
7,100
4,000
2,000
11,305
3,500
10,375
16,740
8,700

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$175,420 00

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T

204

LOWELL INSTITUTION FOR SAYINGS — LOWELL.
Incorporated 1829. Number of corporators, 60.
C h a r l e s A. Sa v o r y , P resid en t.

G e o r g e J. C a r n e y , T reasurer.
State m e n t.

A ssets .

L ia b ilit ie s .

$3,624,692 28
Deposits,
42,505 99
Earnings undivided, .
Guaranty fund, .
149,664 45

$65,000
2,900
170,500
68,000
20,334
919,767
715,000

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loans on bank stock,
Real estate,
. . . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .

00
00
00
00
06
00
00

1,555,400 00
299,961 66
$3,816,862 72

$3,816,862 72

Loans on Public Funds, amount on each : —
On $500 City of Bath, Maine, 6 s , ..................................
On $2,700 United States 4 s , ..........................................

.

.

2,700 00

.

Loans on Bank Stock, amount on each : —

J

On 50 shares Railroad National Bank, Lowell,
On 70 shares National Hide and Leather Bank, Boston,
On 483 shares Merchants’ National Bank, Lowell,
On 63 shares Appleton National Bank, Lowell,
On 70 shares Appleton National Bank, Lowell,
On 10 shares Prescott National Bank, Lowell,
On 5 shares Third National Bank, Springfield,
On 15 shares Pemberton National Bank, Lawrence,
Invested in real estate (for banking purposes),
Estimated value of the same,..................................................
Amount of municipal tax on real estate,
. . . .

$10,000 00
42,000 00
6,000 00

Ì
1 10,000 00
J

.

$20,334 06
20,334 06
548 00

Cash on Deposit in Banks, amount in each : —
Merchants’ National Bank, L o w e l l , ..................................
Prescott National Bank, L o w e ll,..........................................
Wamesit National Bank, L o w e ll,..........................................

$124,961 66
100,000 00
75,000 00

$168,791 00
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous $ 2 per cent., t 67,668 01
y e a r , ................................................................................... c li per cent., (
52,001 93
Times for the dividends, fixed by the by-laws : first Saturday in May and
November.
Average annual per cent, of dividends for the term ending at time of, and
including last extra dividend : 5.017.
Date of the last extra dividend: November, 1882.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887. j

P U B L IC

205

D O C U M E N T — N o. 8

The total amount of loans, with each specified rate of interest : $100,000,
2J percent.; $515,000, 3 per cent.; $83,000,3£ per cent.; $75,000, 3| per
cent. ; $100,000,3£ per cent. ; $587,800, 4 per cent. ; $50,000, 4 29-100 per
cent. ; $50,500, 4^ per cent. ; $210,300, 4| per cent. ; $684,675,5 per cent. ;
$379,792, 6 per cent. ; $200,000, 6£ per cent. ; $225,000, 6 6-10 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .................................................................................................... 58
Aggregate amount of the s a m e , ................................................................... $103,017 00
Number of open a c c o u n t s ,.......................................................... 10,542
Number and amount of deposits (including dividends) received for pre27,022
700,726 28
Number and amount of deposits of and exceeding
ì time,
223,695 00
5,480
Number and amount of withdrawals,..................................
615,257 65
1,824
Number of accounts opened the previous year, .
Number of accounts closed the previous year,
1,396
.
Amount of expenses of the corporation during previous year,
8,100 00
25,000 00
Amount of treasurer’s b on d ,..................................................
Date of examination by commissioner : July 23.
P ublic F unds .

Par Value.

District of Columbia 5 per cent. reg.
bonds, .
.
.
.

$65,000

Estimated
Market Value.

Amount Invested.

$73,612 50

$65,000 00

$18,46)
19,140
49,880
23,184
72,842
26,400
22,230
10,800

$14,200
17,400
34,400
16,100
47,300
16,000
17,100
8,000

•

B an k S t o c k .

Columbian Nat’l Bank, Boston,
Nat’l Eagle Bank, Boston,
Merchants’ Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
Second Nat’l Bank, Boston,
First Nat’l Bank, Lowell,
llaih'oad Nat’l Bank, Lowell, .
Merchants’ Nat’l Bank, Lowell,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$14,200
17,400
34,400
16,100
47,300
16,000
17,100
8,000
$170,500

00
00
00
00
00
00
00
00

$242,936 00

00
00
00
00
00
00
00
00

$170,500 00

206

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

LYNN FIVE CENTS SAYINGS BANK — LYNN.
-Incorporated 1854.

Number of corporators, 77.

H. A. P e v e a r , President.

H. E. N e w h a l e , Treasurer.
State m e n t.

A ssets .

L ia b ilit ie s .

$2,122,185 57
Deposits,
121,868 26
Earnings undivided, .
55,500 00
Guaranty fund, .

$33,951
150.000
315,689
19,675
88,783
20,000
30.000
13,771
1,020,390
421.000

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Railroad notes,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns, .
.
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Expense account, .
Tax titles,
. . . .
Cash on hand, . . . .

89
00
47
00
15
00
00
54
45
00

63.000 00
102,704 25
10,075
2,366
362
7,783

00
45
64
99

$2,299,553 83

$2,299,553 83

Loans on Public Funds, amount on each: —
On $100,000 United States Currency 6s,.
On $53,000 District of Columbia 3-65s, .

.

$

100,000 00

50,000 00

Loans on Bank Stock, amount on each: —
$7,500
2,775
400
1,000

On 75 shares National Security Bank, Lynn,
On 30 shares First National Bank, Lynn,
On 8 sbares Second National Bank, Boston, .
On 10 shares National City Bank, Lynn,
On 100 shares Broadway National Bank, Boston, .
Invested in real estate (for banking purposes),
Estimated value of the same....................................
Amount of real estate held by foreclosure, .
Assessed value of the same, .
.
.
.
Amount of income received from the same, .
Amount of municipal tax on real estate,

00
00
00
00

8,000 00

.

$30,000
30,000
13,771
25,150
987
978

00
00
54
00
46
50

.

$ 10,000 00

Cash on Deposit in Banks, amount in each : —
Citizens’ National Bank, Worcester,
Traders’ National Bank, Boston,
Shawmut National Bank, Boston.............................
Market National Bank, Boston, .
.
.
.
Merchants National Bank, Boston...........................
National Republic Bank, Boston..............................
National City Bank, L y n n , ..................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

15,069
2,082
25,000
504
12,578
12,469

/

72
44
00
45
41
23

1 8 8 7 .]

P U B L IC

207

D O C U M E N T — N o. 8

National Security Bank, L y n n , ...................................................................$25,000 00
Lancaster National Bank, Clinton,............................................................
10,075 00
Whole amount of interest or profits received or earned,
. . . .
$106,457 08
Rate and amount of each semi-annual dividend for pre-)2 per cent ! 36,589 12
vious y e a r , ...................................................................12 per cent, 1 38,041 61
Times for the dividends, fixed by the by-laws: January 1 and July 1.
The total amount of loans, with each specified rate of interest: $60,000, 3
per cent.; $133,000, 3£ per cent.; $45,000, 3| per cent.; $183,000, 4 per
cent.; $79,500, 4£ per cent.; $62,500, 4f per cent.; $358,682, 5 per cent.;
$708,038, 5^ per cent.; $47,345, 6 per cent.; $1,400,6£ per cent.; $6,400, 7
per cent.
Number of outstanding loans which are of an amount not exceeeding
$3,000 each,...............................................................................................611
Aggregate amount of the s a m e , .......................................................... ........
633,765 00
N umber of open a c c o u n ts ,...........................................................12,289
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,...................................................................................
16,530
691,460 18
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year................................................................................. 341 147,238 00
Number and amount of withdrawals, .
.
.
.
.
.
9,956
544,917 16
Number of accounts opened the previous year,
. . . .
2,781
Number of accounts closed the previous year,
. . . .
2,048
Amount of expenses of the corporation during previous year, .
.
.
6,875 17
Amount of treasurer’s bond, .
.
30,000 00
Date of examination by commissioner : April 29.
P ublic F unds .

Par Value.

State of Maine 6s, .
United States 4^s, .
.
.
.
Citv of Newton 5s, .
of Columbus, Ohio, 8s, .
of Chelsea 6s, .
of Manchester, N. H., 4s,
Town of Brookline 7s,

$7,000
5,000
5,000
2,000
2,000
1,000
10,000
$32,000

Estimated
Market Value.

$7,455
5,575
6,100
2,080
2,360
1,050
13,400

00
00
00
00
00
00
00

Amount Invested.

. $7,000
5,618
6,133
2,199
2,000
1,000
10,000

00
75
48
66
00
00
00

$38,020 00

$33,951 89

$57,400
13,578
5,280
59,800
28,080
8,448
31,119
819
8,487

$49,939
11,863
5,150
54,147
21,601
11,500
34,000
682
7,031

B a n k St o c k .

City Nat’l Bank, Lynn, .
Central Nat’l Bank, Lynn,
First Nat’l Bank, Lynn, .
Exchange Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Hide & Leather Nat’l B’k, Boston, .
Revere ISat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$32,800
9,300
4,400
46,000
13,500
8,800
25,300
700
6,900

00
00
00
00
00
00
00
00
00

50
97
00
87
75
00
00
50
63

208

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

B a n k Sto ck — Concluded.

Par Value.

Freeman’s Nat’l Bank, Boston,
Shoe & Leather Nat’l B’k, Boston,.
Continental Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Union Nat’l Bank, Fall River,
Blackstone Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Nat’ l Bank of Republic, Boston,
Tremont Nat’l Bank, Boston, .
Commonwealth Nat’l Bank, Boston,
North Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
Georgetown Nat’l B’k, Georgetown,

$2,500
1,500
15,400
1,400
1,700
12,700
5,600
13,000
4,200
12,700
5,000
3,000
2,600
5,000
5,000
$239,000

Estimated
Market Value.

$2,500
1,530
18,018
, 1,820
2,125
17,780
6,216
18,460
5,880
13,589
6,250
4,050
2,730
5,250
5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$324,209 00

Amount Invested.

$2,500
1,500
21,816
1,900
2,450
18,000
7,512
19,325
5,200
17,000
5,000
4,150
2.418
5,000
6,000

00
00
50
00
00
00
50
00
00
00
00
25
00
00
00

$315,689 47

R a il r o a d B onds .

Boston & Albany R.R. 7s,
Boston & Maine R.R. 7 s ,.
Fitchburg R R. 7s, .
Old Colony R.R. 6s,
.
Old Colony R.R. 7s,
Androscoggin & Kennebec R.R. 6s,
Eastern R.R. 6s,
. . .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$24,000
11,000
2,000
7,000
23,000
10,600
10,500
$88,100

$27,840
13,310
2,400
8 370
27,830
11,416
13,497

00
00
00
00
00
50
50

$104,664 00

$24,000
11,000
2,000
7,000
23,000
11,799
9,983

00
00
00
00
00
50
65

$88,783 15

/

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8 .

209

LYNN INSTITUTION FOR SAYINGS— LYNN.
Incorporated 1826.

Number of corporators, 61.
D. H.

P h i l i p A . C h a s e , P resid en t.

S w e b t s e r , T reasurer.

St a t e m e n t .

A ssets .

L ia b ilit ie s .

$2,589,648 02
Deposits, .
Earnings undivided, .
79,667 67
99,000 00
Guaranty fund, .

$2,768,315 69

Public funds, . . . .
Loan on public funds,
Bank stock,
.
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .
Tax titles,
. . . .
Cash on hand, . . . .

$521,000
2,000
192,430
17,000
29,700
30,000
1,229,926
427,950

00
00
00
00
00
00
00
00

218,700
87,854
587
11,167

00
29
69
71

$2,768,315 69

Loan on Public Funds: —
On $2,000 Town of Brookline 7 s , ...................................................................

$2,000 00

Loans on Bank Stock, amount on each : —
On 80 shares City National Bank, L y n n , ........................................................ $8,000 00
On 14 shares Central National Bank, Lynn,.................................................
1,400 00
On 77 shares First National Bank, Lynn,
.
7,600 00
Invested in real estate (for banking p u r p o se s),................................................$30,000 00
Estimated value of the same,...........................................................................
40,000 00
Amount of municipal tax on real e s t a t e , ..................................................
609 90
Cash on Deposit in Banks, amount in each : —
National Security Bank, L y n n , ................................................................... $20,000 00
First National Bank, L y n n ,...........................................................................
67,854 29
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
y e a r , ................................................................................... J 2 per cent., 1
Times for the dividends, fixed by the by-laws: May 1 and November 1.
The total amount of loans, with each specified rate of interest: $50,000,
3| per cent.; $398,700,4 per cent.; $39,400,4^ per cent.; $10,000,4$ per
cent.; $732,424, 5 per cent.; $400,650, 5£ per cent.; $254,502, 6 per cent.;
$6,700, 6£ per cent.; $3,000, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ...........................................................................
375
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n t s ,.......................................................... 7,934
Number and amount of deposits (including dividends) received for previous
y e a r , ............................................................................................
8,639


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$132,073 25
46,059 35
47,031 27

594,886 00

658,050 62

210

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,................................................................................ 3S1 $193,835 00
Number and amount of withdrawals, .
.
.
.
.
.
6,539 562,039 30
Number of accounts opened the previous year,
. . . .
1,414
Number of accounts closed the previous year.........................1,038
Amount of expenses of the corporation during previous year, .
.
.
5,606 75
Amount of treasurer’s bond, .
.
. * ...................................................
30,000 00
Date of examination by commissioner : April 22.
P ublic F un ds .

Par Value.

United States 4s,
United States 4^s, .
District of Columbia 6s, .
Franklin County, Me., 4s,
Hampden County 3s,
City and town bonds : —
City of Lynn 6s,
of Lynn 4s,
. . .
of Lowell 6s, .
of Boston 6s, .
of Fall River 5s,
of Fall River 6s,
Town of Saugus 5s,
City of Malden 6s, .
Town of Peabody 4s,
City of Manchester, N. H., 6s,
of Newburyport 4 s,.
Town of Melrose 6s,
City of Providence, R. I., 5s, .
Town of Abington 4s,
City of Cleveland, Ohio, 7s, .
of Detroit, Mich., 7s,
of Salem 6s, . t
of Salem 5s, .
of New Bedford 6s,
of Auburn, Me., 5s, .
of Dayton, Ohio, 4s,
of Boston 4s, .
of Columbus, Ohio, 6s, .
of Fitchburg 4s,
Town of Beverly 4s,

Estimated
Market Value.

Amount Invested.

$90,000
65,000
29,500
15,000
10,000

$115,650
72,150
35,000
15,300
9,500

00
00
00
00
00

$90,000
65,000
29,500
15,000
9,500

00
00
00
00
00

10,000
22,000
10,000
16,000
25,000
7,000
5,500
15,000
20,000
3,000
10,000
20,000
14,000
5,000
32,000
28,000
5,000
2,000
5,000
1,500
25,000
1,000
10,000
10,000
10,000

11,000
22,500
10,800
18,200
27,000
8,000
5,600
16,000
20,500
3,300
10,200
22,000
14,500
5,100
37,000
33,600
5,200
2,200
6,500
1,550
25,500
1,050
12,500
10,200
10,250

00
00
00
00
00
00
00
00
00
CO
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

10,000
22,000
10,000
16,000
25,000
7,000
5,500
15,000
20,000
3,000
10,000
20,000
14,000
5,000
32,000
28,000
5,000
2,000
5,000
1,500
25,000
1,000
10,000
10.000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$521,500

$587,850 00

$521,000 00

$7,049
6,215
11,214
4,130

$5,300
5,500
8,900
3,500

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Columbian Nat’i Bank, Boston,
Continental Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,300
5,500
8,900
3,500

00
00
00
00

00
00
00
00

1 8 8 7 .]

P U B L IC

211

D O C U M E N T — N o. 8

B a n k Sto ck — Concluded.

Par Value.

Everett Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Nat’l Exchange Bank, Boston,
Merchandise Nat’l Bank, Boston, .
Nat’l Bank of No. America, Boston,
First Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
Rockland Nat’l Bank, Boston,
Nat’l Bank of Republic, Boston,
Shawmut Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Union Nat’l Bank, Boston,
First Nat’l Bank of Lynn,
Central Nat’l Bank of Lynn, .
Nat’l City Bank of Lynn,

$5,400
1,300
5,500
2,500
3,400
2,500
5,900
10,000
10,000
2,000
5,500
7,300
41,100
30,100
21,300

Estimated
Market Value.

$5,400
1,313
7,040
2,725
3,570
5,000
8,437
13,800
14,000
2,380
8,470
10,220
49,320
43,645
37,275

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$5,400
1,300
5,500
2,500
3,400
3,750
5,900
10,000
10,000
2,000
6,875
8,760
41,100
36,120
26,625

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$241,203 00

$192,430 00

$21,000
10,000

$27,000 00
11,500 00

$19,700 00
10,000 00

$31,000

$38,500 00

$29,700 00

$177,000

R ailroad B onds .

Eastern R.R. 6s,
. . .
Boston, Revere B’ch & Lynn R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

212

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

MALDEN SAYINGS BANK — MALDEN.
Incorporated 1860. Number of corporators, 25.
C a l e b W a i t e , P resid en t.

F r a n c is

A.

S h o v e , T rea surer.

St atem en t.

A ssets .

L ia b il it ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$832,066 95
5,758 78
14,000 00

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loan on bank stock,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest, .
Expense account, .
Premium account, .
Cash on hand, . . . .

$851,825 73

$90,500
9,600
67,450
500
343,405
231,488

00
00
00
00
50
27

82,000
17,816
345
8,000
720

00
15
18
00
63

$851,825 73

Loans on Public Funds, amount on each: —
On $5,000 United States, 4s................................................................................ .......
00
On $4,000 City of Norwich, C o n n . , ...........................................................
4,000 00
Loan on Bank Stock: —
On 5 shares First National Bank, Malden........................................................

$500 00

Cash on Deposit in Banks, amount in each: —
First National Bank, M a l d e n , ................................................................... $12,543 78
National Exchange Bank, Boston,...................................................................
5,272 37
Whole amount of interest or profits received or earned,
. . . .
$42,733 36
Rate and amount ofeach semi-annual dividend for previous f 2 per cent., f
14,249 89
y e a r , ....................................................................................1 2 per cent., 1 14,854 2y
Times for the dividends, fixed by the by-laws : second Wednesday in April
and October.
The total amount of loans,with each specified rate of interest: $45,000,
3^ per cent.; $57,100, 4 per cent ; $45,000, 4^ per cent.; $43,500, 4£
per cent.; $74,900,5 per cent.; $69,050, 5£ per cent.; $332,443.77, 6 per
cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,................................................................................................189
Aggregate amount of the s a m e , ...................................................................181,101 42
Number of open a c c o u n ts ,...........................................................3,566
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
12.560
586,455 81
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................. 210 106,327 00
Number and amount of withdrawals,..........................................
2,808
505,719 86
Number of accounts opened the previous y e a r ,..................................... 936
Number of accounts closed the previous y e a r , .....................................638


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* This is a loan with a principal and two sureties.

1 8 8 7 .J

P U B L IC

D O C U M E N T — N o . 8.

213

Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bond...............................................................................
Date of examination by commissioner : March 25.

$4,206 06
25,000 00

Public F un ds .

Par Value.

.

City and town bonds: —
City of Fall River, .
.
of Fitchburg, .
.
of Newton,
.
.
of Bangor, Me.,
Town of Brookline,
of Woburn, .
.
of Clinton, .
.

.

.

$31,500
10,000

.
.
.

.
.
.

.
.

.
.

5.000
1.000
8,000
5,000
10,000
10,000
10,000
$90,500

$35,122 50
13,137 00
6,666
1,145
9,450
6,200
13,400
11,250
10,300

00
00
00
00
00
00
00

$106,670 50

o o
o o
o o
o o
o
v-To

.

Amount Invested.

CO «-H

United States 4|s,
United States 6s,

Estimated
Market Value.

5,000
1,000
8,000
5,000
10,000
10,000
10,000

00
00
00
00
00
00
00

$90,500 00

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Commerce Nat’l B’k, Boston, .
Continental Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Eagle Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Exchange Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Massachusetts Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
No. America Nat’l Bank, Boston, .
North Nat’ l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Rockland Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
First Nat’l Bank, Malden,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,000
2,300
1,300
2,500
3,600
2,800
800
6,400
1,500
2,500
2,000
2,000
1,000
1,100
1,000
1,000
3,000
1,200
1,400
1,('50
5,500
700
500
1,600
4,700
1,200
1,000
1,200
3,000
7,600
$67,450

$2,405
3,070
1,651
2,950
3,636
3,024
1,018
7,268
3,180
2,512
1,900
2,360
1,250
1,294
950
913
4,110
1,275
1,883
1,257
6,875
868
675
1,908
5,499
1,410
1,025
1,188
3,090
9,500

00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$79,944 50

$2,000
2,300
1,300
2,500
3,600
2,800
800
6,400
1,500
2,500
2,000
2,000
1,000
1,100
1,000
1,000
3,000
1,200
1,400
1,050
5,500
700
500
1,6(0
4,700
1,200
1,000
1,200
3,000
7,600

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$67,450 00

214

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

MARBLEHEAD SAYINGS BANK — MARBLEHEAD.
Incorporated 1871.

Number of corporators, 69.

N. P . S a n b o r n , P resid en t.

W i l l i a m G i l l e t , T rea surer.

State m e n t.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$259,340 12
6,484 40
5,011 76

$270,836 28

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on reai estate,
Loans on personal security, .
Deposit in bank, on interest, .
Expense account,
Cash on hand, . . . .

$30,630
55,818
12,060
31,122
73,325
59,117
6,273
694
1,794

14
96
00
14
00
00
43
88
73

$270,836 28

Amount of real estate held by foreclosure, .
.
.
.
.
.
.
$31,122 14
Assessed value of the sa m e ,............................................................................
29,000 00
Amount of income received from the same, ...................................................3,716 91
390 49
Amount of municipal tax on real e s t a t e , ..................................................
Cash on Deposit in Bank: —
Marblehead National B a n k ,........................................................................... $6,273 43
Whole amount of interest or profits received or earned,
. . . .
$11,146 83
Rate and amount of each semi-annual dividend for previous f 1£ per cent., f 3,474 96
y e a r , ....................................................................................( 1^ per cent., I
3,594 75
Times for the dividends, fixed by the by-laws: May 1 and November 1.
The total amount of loans, with each specified rate of interest: $20,775, 5
per cent.; $6,000,
per cent.; $83,750, 6 per cent.; $3,500, 6£ per
cent.; $2,050, 7 per cent.; $1,367, 8 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ......................................................................................................... 54
Aggregate amount of the s a m e , ...................................................................
54,942 00
Number of open a c c o u n ts ,.......................................... ........
.
1,410
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
1,338
69,176 71
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y ea r,............................................................................
40
22,044 00
Number and amount of withdrawals,................................................... 768
64,664 90
Number of accounts opened the previous y e a r , ..................................246
Number of accounts closed the previous y e a r , ..................................... 168
Amount of expenses of the corporation during previous year, .
.
.
1,399 10
Amount of treasurer’s bond,...........................................................................
20,000 00
Date of examination by commissioner: June 22.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

215

D O C U M E N T — N o. 8
P ublic F unds .

Par Value.

City of Charlestown bonds,
of Bangor, Me., bonds,
Town of Arlington bonds,
of Melrose bonds,.
United States bonds,

$3,000
8,000
5,000
10,000
1,500

.
.

$27,500

Estimated
Market Value.

$3,400
9,000
5,500
12,000
1,900

00
00
00
00
00

$31,800 00

Amount Invested.

$3,000
8,848
5,165
12,116
1,500

00
87
00
27
00

$30,630 14

B a n k St o c k .

$3,800
1,200
3,000
3,100
2,500
500
900
2,500
2,000
1,300
2,500
2,500
2,100
5,600
400
3,200
1,900
2,900
2,500
2,400

Nat’l Grand Bank, Marblehead,
Marblehead Nat’l B'k, Marblehead,
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Mt. Vernon Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Nat’l Revere Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Nat’l Bank of Commerce, Boston, .
Nat’l Bank of Redemption, Boston,
Nat’l Bank of No. America, Boston,
Nat’l Bank of the Republic, Boston,

$46,800

$4,560
1,440
3,360
4,126
2,976
625
819
3,493
2,770
1,352
3,362
2,981
2,136
6,552
496
3,816
2,413
3,625
2,625
3,324

00
00
00
67
25
00
00
75
00
00
50
50
50
00
00
00
00
00
00
00

$4,639
1,344
3,485
3,839
2,687
591
999
3,331
2,505
1,297
3,056
3,084
2,366
6,048
442
3,744
2,440
4,067
2,778
3,072

15
00
00
50
50
25
00
25
20
67
25
37
25
45
75
00
00
25
12
CO

$56,854 17

$55,818 96

$11,600 00

$12,060 00

/

R a ilr o a d B onds .

Boston & Lowell R.R.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$

10,000

216

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

MARLBOROUGH SAYINGS BANK — MARLBOROUGH.
Incorporated April 3, 1860. Number of corporators, 84.
S.

H e r b e r t H o w e , P resid en t.

E dw ard

R.

A l l e y , Treasurer.

Statem ent.

A ssets .

L ia b il it ie s .

$1,110,120 75
Deposits, .
36,031 53
Earnings undivided, .
22,375 00
Guaranty fund, .

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest,.
Expense account, .

$1,168,527 28

$218,900
139,944
5,928
16,500
579,882
94,387

00
00
00
00
00
84

72,000 00
40,101 61
883 83
$1,168,527 28

Loans on Bank Stock, amount on each : —
On 12 shares National Bank of the Commonwealth, Boston,
On 37 shares National Eagle Bank, Boston, . . . .
On 4 shares Merchandise National Bank, Boston,
On 9 shares First National Bank, Marlborough, .

$1,150 00
*4,078 00
700 00

Cash on Deposit in Banks, amount in each: —■
People’s National Bank, Marlborough,..................................
First National Bank, M a r lb o r o u g h ,..................................

$12,810 01
27,291 60

$57,282 85
Whole amount of interest or profits received or earned,
19,789 36
Rate and amount of each semi-annual dividend for previous J2 per cent.,
year,
. ................................................................................J i
::i 20,834 42
Times for the dividends, fixed by the by-laws : third Wednesday in Janu­
ary and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 5 74-100.
Date of the last extra dividend: July 19, 1865.
The total amount of loans with each specified rate of interest: $25,000, 3£
per cent.; $52,000, 4 per cent.; $15,000, 4| per cent.; $45,605.97, 4J per
cent.; $30,084.20,4f percent.; $121,600,5 per cent.; $41,858,5£ per cent.;
$421,049.67, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each, .
...........................................................................
. 423
Aggregate amount of the s a m e , ..........................................
386,643 97
Number of open a c c o u n t s ..................................................
3,561
Number and amount of deposits (including dividends) received for• prepre­
vious y e a r , ...........................................................................
3,635
295,273 78
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, ...........................................................
. 178
94,771 00
228,824 14
Number and amount of withdrawals,..................................
1,857
* This bank has been notified that this loan exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

217

Number of accounts opened the previous y e a r , ..................................833
N umber of accounts closed the previous y e a r , ..................................540
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : April 16.

$2,877 72
10,000 00

P ublic F un d s .

Par Value.

City and town bonds : —
City of Lowell,
.
of Charlestown,
of Boston,
.
.
.
.
of Fall River, .
.
.
.
of Cambridge,
of Keene, N. H.,
of Worcester, .
.
.
.
of Providence, R. I.,
of L y n n ,.....................................
of Lewiston, Me., .
of Dover, N. H.,
of Taunton
.
.
.
.
of Fitchburg, .
.
.
.
of Newton,
.
.
.
.
Town of Marlborough, .
of Winchester,
of Pawtucket, R. I.,
of Clinton, .
.
.
.
of Arlington,

$32,000
27,000
21,000
15,000
10,000
10,000
10,500
9,000
9,000
7,000
4,400
4,000
3,000
2,000
20,000
15,000
13,000
4,000
3,000
$218,900

Estimated
Market Value.

$33,677
29,595
24,165
17,425
11,510
10,500
10,715
10,980
10,340
8,120
4,884
4,820
3,090
2,440
21,500
15,912
14,430
4,240
3,330

50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00

$241,674 00

Amount Invested.

$32,000
27,000
21,000
15,000
10,000
10,000
10,500
9,000
9,000
7,000
4,400
4,000
3,000
2,000
20,000
15,000
13,000
4,000
3,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$218,900 00

B an k St o c k .

First Nat’l Bank, Marlborough,
Continental Nat’l Bank, Boston,
Nat’l Bank of Republic, Boston,
Nat’l Webster Bank, Boston, .
Manufacturers’ Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
People’s Nat’l Bank, Marlborough,
Eagle Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,
City Nat’l Bank, Boston,.
Boston Nat’l Bank, Boston,
Merchandise Nat’l Bank, Eoston, .
Globe Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Nat’l Bank of Redemption, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$16,400
8,800
7,500
7,500
7,000
7,000
6,500
5,500
5,100
5,000
5,000
5,000
5,000
5,000
4,600
4,400
4,200

$15,580
10,384
10,387
7,650
6,720
7,000
6,662
6,435
5,508
5,250
5,050
5,900
5,200
4,750
5,382
5,896
5,250

00
00
50
00
00
00
50
00
00
00
00
00
00
00
00
00
00

$16,400
8,800
9,000
7,500
7,000
7,000
' 6,500
5,500
5,100
5,000
5,000
5.000
4,970
5,000
4,600
5,280
4,830

00
00
00
00
00
00
00
00
00

oo

00
00
00
00
00
00
00

218

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan,

B a n k Stock — Concluded.

Par Value.

Market Nat’l Bank, Boston, .
First Nat’l Bank, Lynn, .
Everett Nat’ l Bank, Boston, .
Shoe and Leather Nat’l B’k, Boston,
Traders’ Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
City Nat’l Bank, Worcester, .
Nat’l Bank of Commerce, Boston, .
First Nat’l Bank, Clinton,
Nat’l Hide & Leather B’k, Boston, .
Blackstone Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,

$4,000
3,000
2,500
2,500
2,400
2,000
2,000
1,600
1,600
1,500
1,500
1,400
800
700

Estimated
Market Value.

$3,640
3,660
2,500
2,537
2,376
2,350
2,390
2,032
2,080
1,905
1,875
1,666
896
868

00
00
00
50
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$4,000
3,000
2,500
2,500
2,364
2,000
2,000
1,600
1,600
1,500
1,500
1,400
800
700

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$149,780 50

$139,944 00

$9,000
5,500
2,000

$10,530 00
6,655 00
2,380 00

$9,000 00
5,500 00
2,000 00

$16,500

$19,565 00

$16,500 00

$137,000

R ailr o a d B on ds .

Boston & Albany R.R., .
Boston & Maine R.R.,
Old Colony R.R.,
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

219

MECHANICS’ SAYINGS BANK — HOLYOKE.
Incorporated 1872. Number of corporators, 41.
C. B. P r e sc o t t , T reasurer.

T im o t h y M e r r i c k , P resid en t.
St a te m e n t.

A ssets .

L iab ilities .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$670,383 10
8,298 17
11,340 00

Bank stock,
. . . .
Loans on bank stock,
Loans on real estate,
Loans on personal security, .
Deposit in bank( on interest, .
Expense account,
Furniture and fixtures, .
Cash on hand, . . . .

$41,078
12,550
456,913
139.325
29,889
1,794
2,118
6,352

50
00
00
00
43
44
75
15

$690,021 27

$690,021 27

Loans on Bank Stock, amount on each : —
On 130 shares Home National Bank, Holyoke,
On 8 shares Agawam National Bank, Springfield,
On 20 shares City National Bank, Holyoke, . .

.

.

.

$9,750 00
800 00
2,000 00

Cash on Deposit in Bank : —
City National Bank, H o l y o k e , ..........................................

$29,899 43

Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous 1 2 per cent., '(
year,
. . .
.......................................................I 2 per cent., i
Times for the dividends, fixed by the by-laws : May and November.
The total amount of loans, with each specified rate of interest: $608,788,
5 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 191
Aggregate amount of the s a m e , ...................................................................
Amount of investments from which no income is received, . . . .
Number of open accounts,
.
.
.
.
.
.
.
.
2,485
Number and amount of deposits (including dividends) received for pre­
vious y e a r , .................................................. ........
.
.
.
3,311
Number and amount of deposits of and exceeding $300 atany one time,
for the previous y e a r ,............................................................................ 143
Number and amount of withdrawals,..................................
1,622
Number of accounts opened the previous y e a r , ..................................... 589
Number of accounts closed the previous y e a r , ..................................... 372
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bond, ............................................................................
Date of examination by commissioner : April 23.

$34,904 68
14,262 25
14,468 73


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

203,645 00
1,300 00

246,081 89
88,828 00
213,357 56

2,426 80
20,000 00

220

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

B a n k St o c k .

Par Value.

Shoe & Leather Nat’l B’k, Boston,.
First Nat’l Bank, Springfield, .
Third Nat’l Bank, Springfield,
Hadley Falls Nat’l Bank, Holyoke,.
City Nat’l Bank, Holyoke,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,200
2,000
5,000
5,500
17,500
$32,200

Estimated
Market Value.

$2,200
3,200
9,000
9,350
21,875

00
00
00
00
00

$45,625 00

Amount Invested.

$3,008
3,080
8,500
8,790
17,700

50
00
00
00
00

$41,078 50

I

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P U B L IC

221

D O C U M E N T — N o. 8

MECHANICS’ SAYINGS BANK — LOWELL.
Incorporated March 1, 1861. Number of corporators, 65.
J e r e m ia h C l a r k , P resid en t.

C h a s . C. H u t c h in s o n , T rea surer.
Statem ent.

L ia b ilit ie s .

$1,656,644 22
Deposits, .
56,358 83
Earnings undivided, .
Guaranty fund, .
46,100 00
1

A ssets .

9

$182,650
26,700
50.000
92,175
122,912
619,457
502,000
151,316
11,892

Bank stock,
. . . .
Loans on bank stock,
Railroad notes,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest,.
Cash on hand, . . . .

00
00
00
06
04
24
00
48
23

$1,759,103 05

$1,759,103 05

Loans on Bank Stock, amount on each: —
On 70 shares National Bank, of the Commonwealth, Boston,
.
.
.
On 20 shares Metropolitan National Bank, Boston,
.
.
.
.
•l
On 10 shares Railroad National Bank, L o w e l l,.......................................... i
On 7 shares Howard National Bank, Boston,
.
.
.
.
.
.
On 150 shares Wamesit National Bank, Lowell...............................................
On 12 shares Old Lowell National Bank, Lowell, .
.
.
.
.
.
.

.

.

Estimated value of the same,................................. ........
Amount of real estate held by foreclosure, .
.
.
.
Assessed value of the same, .
.
.
.
.
.
.
.
Amount of income received from the same, .
.
.
.
.
Amount of municipal tax on real estate,
.
.
.
.

Invested in real estate (for banking purposes),

.

.

.

.
.
.
.

.
.
.
.

.

$7,000 00
3 000 00
’

500 00
15,000 00
1,200 00
$92,175 06
80,000 00
122,912 04
79,900 00
4,634 27
1,021 33

Cash on Deposit in Banks, amount in each ; —
Hide and Leather National Bank, B o s t o n ,.................................................. $10,125 49
Prescott National Bank, L o w e l l,...................................................................
31,274
Old Lowell National Bank, L o w e l l , ...........................................................
35,000
Appleton National Bank, Lowell, .
.
.
.
.
.
.
.
.
.
50,000
Railroad National Bank, L o w e ll,...................................................................
24,916

96
00
00
00

Whole amount of interest or profits received or earned..................................$72,180 59
Rate and amount of each semi-annual dividend for previous j 2 per cent., ( 29,927 42
year............................................................................................J 2 per cent., i
30,708 36
Times for the dividends, fixed by the by-laws : first Saturday in June and
December.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 597-100.
Date of the last extra dividend: June, 1876.
The total amount of loans, with each specified rate of interest: $335,000,
3£ per cent.; $55,000, 3| per cent.; $95,000, 3| per cent.; $39,000, 4 per
cent.; $50,000, 4£ per cent.; $372,847.74,5per cent.; $8,600,5£per cent.;
$217,709.50, 6 per cent.; $9,500, 6£ per cent.; $15,500, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................ 263


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

222

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

$307,308 74
Aggregate amount of the same,
.
.
.
.
.
4,570
Number of open accounts,
.................................................. ........
Number and amount of deposits (including dividends) received for pre378,232 16
4,236
vious year.........................................................................................
Number and amount of deposits of and exceeding $300 at any one time,
143,791 36
. 262
for the previous year.......................................................................
2,499
274,110 90
Number and amount of withdrawals,..........................................
. 843
Number of accounts opened the previous year, . . . .
. 586
Number of accounts closed the previous year,
.
.
.
5,068 06
Amount of expenses of the corporation during previous year, .
25,000 00
Amount of treasurer’s bond,................................. ........
.
Date of examination by commissioner : July 21.
B a n k St o c k .

Estimated
Market Value.

Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
City Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
First Nat’l Bank, Boston,
Hide & Leather Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Mechanics’ Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Metropolitan Nat’l Bank, Boston, ,
Mt. Vernon Nat’l Bank, Boston,
New England Nat’ l Bank, Boston, .
North Nat’l Bank, Boston,
North America Nat’ l B’k, Boston, .
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
Collateral Loan Co , Boston, .
Railroad Nat’l Bank, Lowell, .
Bay State Nat’l Bank, Lawrence, .
First Nat’l Bank, Malden,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,600
9,900
6,300
900
4,500
4,000
2,500
9,000
800
2,000
1,300
5,000
16,500
6,000
1,000
500
4,300
3,700
28,100
8,300
16,000
2,000
3,900
700
5,000
2,800
11,700
2,250
6,800
$176,350

$12,720
11,385
7,686
990
6,030
4,400
3,250
9,180
1,696
2,380
1,534
6,650
23,100
6,840
1,410
720
5,934
3,996
35,406
11,620
20,160
3,080
4,758
686
5,250
2,940
14,976
3,900
7,480

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$220,157 00

Amount Invested.

$10,600
9,900
6,300
900
4,500
4,000
2,500
9,000
800
2,000
1,300
5,000
22.800
6,000
1,000
500
4,300
3,700
28,100
8,300
16,000
2,000
3,900
700
5,000
2,800
• 11,700
2,250
6,800

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$182,650 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

223

MEDFORD SAYINGS BANK — MEDFORD.
Incorporated 1869. Number of corporators, 71.
H e n r y H a s t in g s , P resid en t.

C h a r l e s B . B uss , Treasurer.
State m e n t.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Suspense, .

$556,519
17,458
11,150
1,000

07
08
00
00

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, on interest, .
Cash on hand, . . . .

$586,127 15

Amount of real estate held by foreclosure, .
Assessed value of the same, .
.
.
.
Amount of income received from the same, .
Amount of municipal tax on real estate,

$102,559
30,150
11,821
4,607
247,280
130,700

00
00
50
26
59
00

41,000 00
13,566 92
4,441 88
$586,127 15

$1,607
5,300
385
82

26
00
00
68

Cash on Deposit in Bank: —
National Exchange Bank, Boston, .

$13,566 92

$27,123 92
Whole amount of interest or profits received or earned,
. . . .
9,711 69
Rate and amount of each semi-annual dividend for previous j 2 per cent., j
9,986 77
..................................................................................................12 per cent., I
Times for the dividends fixed by the by-laws : first Saturday in May and
November.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5 1-6.
Date of the last extra dividend: May, 1882.
The total amount of loans, with each specified rate of interest: $70,000,
3| per cent.; $20,000, 4 per cent.; $28,500, 4£ per cent.; $96,000, 5 per
cent.; $6,000, 5| per cent.; $4,100, 5£ per cent.; $156,065,6 per cent.;
$16,850, 6£ per cent.; $14,650, 7 per cent.; $2,200, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 ea ch ,..........................................* , ......................................... 173
187,605 00
Aggregate amount of the same,
...................................................................
Number of open a c c o u n ts ,...........................................................2,014
Number and amount of deposits (including dividends) received for pre137,448 46
vious y e a r , ................................................................................... ...........
Number and amount of deposits of and exceeding $300 at any one time,
49,336 00
for the previous y e a r ,.......................................................................... 88
96,532 21
N u m b er and am ount o f w i t h d r a w a l s , ..........................................1,123
Number of accounts opened the previous y e a r , ..................................285
Number of accounts closed the previous year........................................ 185
1,437 13
Amount of expenses of the corporation during previous year, .
20,000 00
Amount of treasurer’s bond, . . . .
Date of examination by commissioner: April 27.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

224

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

Public F unds .

Par Value.

City of Biddeford, Me., 4s,
Town of Melrose 7s,
District of Columbia 6s, .
City of Lynn 5s,
.
.
.
.
Town of Natick 4s,
of Medford 6s,
City of Fall River 6s,
Town of Wellesley 4s, .
of Hartland, Me., 4|s, .

$14,500
5.000
26,000
5.000
5.000
12,000
3.000
15.000
12.000
$97,500

Estimated
Market Value.

$14,500
5,800
28,840
5,650
5,000
12,720
3,960
16,012
12,000

00
00
00
00
00
00
00
50
00

$104,482 50

Amount Invested.

$14,500
5.000
28,414
5.000
5.000
12,672
3,960
16,012
12,000

00
00
50
00
00
00
00
50
00

$102,559 00

B a n k St o c k .

Commerce Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Blackstone Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Commonwealth Nat’l Bank, Boston,
Monument Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Webster Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
Suffolk Nat’l Bank, Boston, .
Central Nat’l Bank, Lynn,

$1,200
1,500
3,300
400
1,000
1,500
2,000
2,500
1,000
2,000
1,000
2,500
2,000
2,000
2,500
2,500
$28,900

$1,524
1,875
3,699
500
1,080
2,100
2,400
5,350
910
2,360
1,025
3,025
2,690
2,080
2,762
3,637

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1,200
1,500
3,300
400
1,000
1,500
2,000
3,750
1,000
2,000
1,000
2,500
2,000
2,000
2,500
2,500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$37,017 00

$30,150 00

$5,000
5,000

$5,875 00
5,950 00

$5,875 00
5,946 50

$10,000

$11,825 00

$11,821 50

R a il r o a d B onds .

Boston & Albany R.R., .
Conn. & Passumpsic Rivers R.R., .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

225

MEDWAY SAYINGS B A N K -M E D W A Y .
Incorporated 1871.

Number of corporators, 48.

M. M. F is h e r , P resid en t.

0. A. M a s o n , Treasurer.
State m e n t.

L ia b il it ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

A ssets .

$186,391 57
2,944 66
7,659 99

Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .
Expense account, .
Assessment on bank stock,
Cash on hand, . . . .

$196,996 22

$34,265
1,800
6,915
11,017
92,029
30,163

31
00
00
40
00
64

11,500
1,455
475
5,900
1,474

00
32
70
00
85

$196,996 22

Loans on Bank Stock, amount on each : —
On 5 shares Dedham National Bank, Dedham,
On 10 shares Appleton National Bank, Lowell,
On 5 shares Eliot National Bank, Boston,
.

•
.

.

•

•

.

Amount of real estate held by foreclosure, . . . .
Assessed value of the s a m e ,..................................................
Amount of income received from the same, .
Amount of municipal tax on real estate,
. . . .

$300 00
1,000 00
500 00
$11,017
12,715
663
167

*

40
00
59
33

Cash on Deposit in Banks, amount in each: —
Howard National Bank, B o s t o n ,..........................................
Central National Bank, B o s t o n ,..........................................

.

.

.

Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous f 2 per cent., (
y e a r , ................................................................................... 1 2 per cent., I
Times for the dividends, fixed by the by-laws: June and December.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4 9-10.
Date of the last extra dividend : 1880.
The total amount of loans, with each specified rate of interest: $11,500, 4
per cent.; $11,450, 5 per cent.; $3,000, 5J per cent.; $107,542.64, 6 per
cent.; $2,000, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each...................................................................................................162
Aggregate amount of the s a m e , ...................................................................
Amount of investments from which no income is received,.
.
.
.
Number of open a c c o u n ts ,...................................................................... 846
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................ 752
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,..........................................
. . .
64


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$518 08
937 24
$9,050 02
3,468 20
3,321 66

99,642 64
5,900 00

77,597 74
34,502 88

226

[Jan.

B A N K C O M M IS S IO N E R S ’ R E P O R T
749
114
86

Number and amount of withdrawals,..................................
Number o f accounts opened the previous year,
Number o f accounts closed the previous year,

Amount of expenses of the corporation during previous year,
Amount of treasureu’s b on d ,..................................................
Date of examination by commissioner: May 7.

.

$75,378 55

1,086 03
10,000 00

B a n k St o c k .

Par Value.

Wrentham Nat’l Bank, Wrentham,
Merchandise Nat’l Bank, Boston, .
Mt. Vernon Nat’l Bank, Boston,
Market Nat’l Bank, Boston, .
South Framingham Nat’l Bank,
Framingham,
.
.
.
.
Franklin Nat’l Bank, Franklin,
Dedham Nat’l Bank, Dedham,
Holliston Nat’l Bank, Holliston,
Central Nat’l Bank, Boston, .
First Ward Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Revere Nat’l Bank, Boston, .

Estimated
Market Value.

Amount Invested.

$210
2,000
1.500
1,000

$240
2,080
2,070
910

00
00
00
00

$310
2,062
1,623
1,030

00
50
75
00

2,000
1,700
3,200
4,200
6,500
3,000
5,000
2,000

2,140
1,900
3,841
5,040
7,150
3,810
4,875
2,500

00
00
00
00
00
00
00
00

2,000
1,972
3,841
5,040
5,667
3,075
5,100
2,543

00
00
00
00
50
00
00
56

$36,556 00

$34,265 31

$2,000
2,000
2,000

$2,425 00
2,390 00
2,350 00

$2,300 00
2,300 00
2,315 00

$6,000

$7,165 00

$6,915 00

$32,310

R ailr o a d B onds .

Old Colony R.R. 6 s,
.
Fitchburg R.R. 6s, .
.
Boston & Albany R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

1 8 8 7 .]

P U B L IC

227

D O C U M E N T — N o. 8

MELROSE SAYINGS BANK — MELROSE.
Incorporated 1872.

Number of corporators, 22.
E. H. Goss, T reasurer.

D a n ie l R u s s e l l , P resid en t.
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$248,723 77
6,727 69
2,921 19

$258,372 65

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, on interest, .
Expense account, .
Cash on hand, . . . .

$56,260
7,200
750
159,154
9,100

00
00
00
00
00

20,000
4,447
513
947

00
76
73
16

$258,372 65

Loan on Bank Stock: —
On 10 shares First National Bank, C am b rid ge,.......................................... $750 00
Cash on Deposit in Bank: —
Everett National Bank, B o s t o n ,................................................................... $4,447 76
$11,137 45
Whole amount of interest or profits received or earned..................................
3,672 65
Rate and amount of each semi-annual dividend for previous 12 per cent., f
4,099 30
y e a r , ....................................................................................12 per cent., 1
Times for the dividends, fixed by the by-laws : January 1 and July 1.
The total amount of loans, with each specified rate of interest: $13,000,
3 per cent.; $7,000,3£ per cent.; $9,500,5 per cent.; $1,000,5£ per cent.;
^„8,504, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................... 114
131,104 00
Aggregate amount of the s a m e , ................................. ........
Number of open accounts,.....................................................................1,468
Number and amount of deposits (including dividends) received for pre­
117,089 71
vious year, ............................................................................................ 2,281
Number and amount of deposits of and exceeding $300 at any one time,
44,509 61
for the previous y ea r,................................................................................ 73
76,886 40
981
Number and amount of withdrawals,..........................................
356
Number of accounts opened the previous year,
.
.
.
.
155
Number of accounts closed the previous year,
. . . .
1,219 02
Amount of expenses of the corporation during previous year, .
10,000 00
Amount of treasurer’s bond..............................................................
Date of examination by commissioner: December 1.


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Federal Reserve Bank of St. Louis

228

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

P ublic F unds .

Par Value.

City of Dover, N. H , 6s, .
of Portsmouth, N. H., 6s.
of Portland, Me., 6s,
of Brockton 5s,
of Boston 4s, .
of Columbus, Ohio, 4s, .
Town of Clinton 4s,
. . .
of Melrose 4s,

$3,000
1,000
5.000
8.000
7.000
5.000
6.000
20,000

Estimated
Market Value.

$3,330
1,120
6,200
9,920
7,560
5,200
6,180
21,000

00
00
00
00
00
00
00
00

Amount Invested.

$3,000
1,000
5,100
8,160
7.000
5.000
6.000
21,000

00
00
00
00
00
00
00
00

$60,510 00

$56,260 00

$2,700
4,500

$2,700 00
4,500 00

$2,700 00
4,500 00

$7,200

$7,200 00

$7,200 00

$55,000

B a n k St o c k .

Everett Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

229

MERRIMAC SAYINGS BANK — MERRIMAC.
Incorporated 1871. Number of corporators, 36.
W m. H. H a s k e l l , P resid en t.

D a n i e l J. P o o r e , T rea surer.
State m e n t.

A ssets .

L ia b il it ie s .

Deposits,
Guaranty fund, .

$374,290 25
11,973 09

Public funds, . . . .
Bank stock................................
Loan on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Loans on bank books,
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Profit and loss,

$386,263 34

$20,000
7,000
1,000
25,400
190,315
87,935

00
00
00
00
00
12

3,650 00
1,000 00
48,000 00
1,841 94
121 28
$386,263 34

Loan on Bank Stock : —
On 10 shares First National Bank, M e r r i m a c ,.......................................... $1,000 00
Cash on Deposit in Banks, amount in each: —
Powow River National Bank, A m e s b u r y ,.................................................. *$30,000 00:
First National Bank, M e r r im a c ,...................................................................*19,841 94
Whole amount of interest or profits received or earned,
.
.
.
. $18,848 68
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f
6,653 38
y e a r , ....................................................................................12 per cent.., 1
7,082 86
Times for the dividends, fixed by the by-laws: third Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5^.
Date of the last extra dividend : May 15, 1879.
The total amount of loans, with each specified rate of interest: $3,650, 4
per cent.; $99,403.94, 5 per cent.; $29,900, 5J per cent.; $131,946.18, 6
per cent.; $10,200, 6J per cent.; $8,800, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each ,........................................................................................... . 177
Aggregate amount of the s a m e , .......................................................... ,
160,577 12
Number of open a c c o u n ts,.......................................... 1,120
Number and amount of deposits (including dividends) received for pre. 761
vious y e a r , ...................................................................................
76,988 78
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,........................................................................... 46
22,484 95
Number and amount of withdrawals,..................................................
44,909 35
Number of accounts opened the previous y e a r , .................................. 171
Number of accounts closed the previous y e a r , .................................. 85
* This bank was notified that these deposits exceeded the legal limit.
reduced within the limit.


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Federal Reserve Bank of St. Louis

They have since been

230

[Jan.

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

Amount of expenses o f the corporation during previous year,

.

.

$1,398 77
10,000 00

.

Amount of treasurer’s bond,
.
...........................................................
Date of examination by commissioner : October 6.
P ublic F unds .

Par Value.

Town of Marlborough 4s,
City of Dayton, Ohio, 4s,

Estimated
Market Value.

Amount Invested.

1

$12,000
8,000

$12,480 00
8,400 00

$12,000 00
8,000 00

$20,000

$20,880 00

$20,000 00

$9,100 00

$7,000 00

$10,400
15,000

$11,440 00
15,450 00

$10,400 00
15,000 00

$25,400

$26,890 00

$25,400 00

B a n k St o c k .

First Nat’l Bank, Merrimac,

.

$7,000

R a il r o a d B onds .

West Amesbury Branch R.R. 7s, .
Fitchburg R.R. 4s................................


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Federal Reserve Bank of St. Louis

1 8 8 t .]

P U B L IC

D O C U M E N T — N o. 8

231

MERRIMACK RIVER SAVINGS BANK — LOWELL.
Incorporated Feb. 24, 1871. Number of corporators, 39.
J. G. P e a b o d y , P resid en t.

N. G. L a m s o n , Treasurer.
St a t e m e n t .

A ssets .

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$607,866 63
18,820 01
6,371 37

Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, on interest, .
Cash on hand, . . . .

$633,058 01

$57,891
4,125
11,000
1,800
380,569
152,500

50
00
00
00
22
00

3,000 00
20,631 16
1,541 13
$633,058 01

Loans on Bank Stock, amount on each: —
On 34 shares Wamesit National Bank, L o w e l l ,.......................................... $2,625 00
On 15 shares First National Bank, Francestown, N. H.,
.
.
.
1,500 00
Amount of real estate held by foreclosure,..........................................................$1,800 00
Assessed value of the s a m e ,...........................................................................
2,000 00
180 00
Amount of income received from the sam e,..................................................
Amount of municipal tax on real e s t a t e , ..................................................
30 24
Cash on Deposit in Bank: —
Wamesit National Bank, Lowell....................................................................... $20,631 16
Whole amount of interest or profits received or earned,
. . . .
$28,081 88
Rate and amount of each semi-annual dividend for previous 12 per cent., f 10,535 39
year,
.................................................................................... J 2 per cent., 1
11,301 01
Times for the dividends, fixed by the by-laws: first Saturday in May and
November,
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5 15-100.
Date of the last extra dividend: May, 1885.
The total amount of loans, with each specified rate of interest: $40,000,
4 per cent.; $16,000, 4£ per cent.; $45,000,4f per cent.; $176,845, 5 per
cent.; $55,000, 5£ per cent.; $200,009.22, 6 per cent.; $6,540, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................105
Aggregate amount of the s a m e , ...................................................................
168,450 00
Number of open a c c o u n ts ,................................................................... 1,382
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
1,140
169,146 49
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 151
96,176 69
Number and amount of withdrawals,..........................................
. 672
84,255 28
Number of accounts opened the previous year....................................... 334
Number of accounts closed the previous y e a r , ..................................... 149


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Federal Reserve Bank of St. Louis

232

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bond...............................................................................
Date of examination by commissioner: July 15.

f 1,195 70
15,000 00

B a n k St o c k .

Par Value.

Atlas Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Hide & Leather Nat’l B’k, Boston, .
Howard Nat’l Bank, Boston, .
Metropolitan Nat’l B’k, Boston,
North Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Old Boston Bank, Boston,
Redemption Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
Wamesit Nat’l Bank Lowell, .

$4,000
1,000
2,500
5,000
2,000
2,300
2,000
900
3,400
2,000
2,400
900
300
500
6,400
1,500
4,500
1,000
10,000
$52,600

Estimated
Market Value.

$4,780
1,335
2,831
6,000
2,540
2,530
1,900
1,125
4,046
2,350
2,712
1,210
318
600
8,000
1,657
4,612
1,030
14,000

00
00
25
00
00
00
00
00
00
00
00
00
75
00
00
50
50
00
00

Amount Invested.

$4,000
1,000
2,500
5,000
2,405
2,300
2,000
900
3,400
2,000
2,000
900
300
500
7,461
1,500
4,500
1,000
13,825

00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00

$63,578 00

$57,891 50

$1,000
10,000

$1,130 00
11,400 00

$1,000 00
10,000 00

$11,000

$12,530 00

$11,000 00

R a ilr o a d B onds .

Nashua & Lowell R.R., .
Lowell & Andover R.R., .


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

233

P U B L IC D O C U M E N T — N o. 8

MIDDLEBOROUGH SAVINGS BANK — MIDDLEBOROUGH.
Incorporated March 15, 1873. Number of corporators, 36.
A n d r e w M. W

E v e r e t t R o b in s o n , P resid en t.

ood ,

Treasurer.

State m e n t.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Interest paid in ad­
vance,

$574,620 63
12,451 10
9,782 00
4,319 04

$12,300
7,000
4,400
336,975
122,112

Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest,
Cash on hand, . . . .

28,500 00
85,005 36
4,879 23
$601,172 77

$601,172 77

Amount of real estate held by foreclosure, . . . .
Assessed value of the s a m e ,..................................................
Amount of municipal tax on real estate,
. . . .

00
00
00
66
52

•

•

•

$4,400 00
3,450 00
44 87

Cash on Deposit in Banks, amount in each: —
Home National Bank, B rockton ,..........................................
Plymouth National Bank, P lym outh,..................................
First National Bank, M e rr im a c ,..........................................
Brockton National Bank, B r o c k t o n ,..................................
National Bank of the Commonwealth, Boston,
Maverick National Bank, Boston,..........................................

$25,000
10,000
20,000
10,000
9,948
$10,056

00
00
00
00
66
70

Whole amount of interest or profits received or earned,
$29,544 48
Rate and amount of each semi-annual dividend for previous 2| per cent., f 11,585 82
y e a r , .................................................................................... 2 per cent., 1 10,818 39
Times for the dividends, fixed by the by-laws : first Monday in April and
October.
The total amount of loans, with each specified rate of interest: $6,800, 4
per cent.; $11,500,4J per cent.; $60,072.92, 5 per cent.; $406,515.26, 6 per
cent.; $2,700, 6£ per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ................................................................................................... 468
Aggregate amount of the s a m e , ...................................................................
340,732 69
Amount of investments from which no income is received, . . . .
2,700 00
Number of open a c c o u n ts ,...........................................................1,997
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,....................................................................................
1,339
141,074 45
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.......................................... ........
.
.
. 96
56,559 61
Number and amount of withdrawals,.............................................. 909
90,393 37
Number of accounts opened the previous y e a r , ..................................328
Number of accounts closed the previous y e a r , ............................... 164
Amount of expenses of the corporation during previous year, .
.
.
1,480 94
Amount of treasurer’s b o n d ,...........................................................................
15,000 00
Date of examination by commissioner : July 12.


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Federal Reserve Bank of St. Louis

234

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k St o c k .

Par Value.

Nat’l B’k of Commerce, N. Bedford,
Webster Nat’l Bank, Boston, .
Tremont Nat’ l Bank, Boston, .
Suffolk Nat’l Bank, Boston,

$3,000
5,000
2,200
2,100
$12,300

Estimated
Market Value.

$3,480
5,000
2,244
2,310

00
00
00
00

Amount Invested.

$3,000
5,000
2,200
2,100

00
00
00
00

$13,034 00

$12,300 00

$8,470 00

$7,000 00

R a ilk o a d B onds .

Old Colony R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

.

.

$7,000

1 8 8 7 .]

P U B L IC

235

D O C U M E N T — N o. 8

MIDDLESEX INSTITUTION FOR SAYINGS — CONCORD.
Incorporated 1835. Number of corporators, 22.
G e o . M. B k o o k s , P resid en t.

G e o . H e y w o o d , T reasurer.
State m e n t.

L iab ilit ies .

$1,072,748 47
Deposits,
25,968 65
Earnings undivided, .
25,000 00
Guaranty fund, .
Profit and loss, .
786 04

A ssets .

Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, not on inter­
est,
..................................
Expense account, .

$1,124,503 16

Amount of real estate held by foreclosure,..................................$20,500
Assessed value of the sa m e ,........................................................
14,550
Amount of income received from the s a m e ,..............................
200
Amount of municipal tax on real e s t a t e , ...............................
204

$275,800
142,000
20,500
302,368
308,500

00
00
00
80
00

53,000 00
21,563 46
770 9Ô
$1,124,503 16

00
00
00
88

Cash on Deposit in Bank : —
Concord National Bank,................................................................... $21,563

46

Whole amount of interest or profits received or earned,. . . .
$56,871 24
Rate and amount of each semi-annual dividend for previous 1 24 per cent., f
25,378 20
y e a r , .................................................................................... J 2£ per cent., 1
25,643 35
Times for the dividends, fixed by the by-laws: June and December.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4 92-100.
Date of the last extra dividend: June, 1882.
The total amount of loans, with each specified rate of interest: $160,000, 4
per cent.; $28,000, 4J per cent.; $149,068.80, 5 per cent.; $3,200, 5£ per
cent.; $277,350, 6 per cent.; $31,200, 64 per cent.; $11,550, 7 per cent.;
$3,500, 74 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................140
Aggregate amount of the s a m e , ...................................................................
193,100 00
Amount of investmentsfrom which no income is received, . . . .
17,500 00
Number of open a c c o u n ts ,................................................................... 3,326
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
1,754
137,907 12
Number and amount of deposits of and exceeding $300 at any one time,
38
19,761 80
for the previous y e a r ,.......................................................................
Number and amount of withdrawals,..........................................
1,398
127,943 96
Number of accounts opened the previous y e a r , ............................... 371
Nnmber of accounts closed the previous y e a r , ............................... 290
Amount of expenses of the corporation during previous year, .
.
.
2,937 44
Amount of treasurer’s bon d ,...........................................................................
10,000 00
Date of examination by commissioner : June 3.


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Federal Reserve Bank of St. Louis

236

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k St o c k .

Par Value.

Concord Nat’l Bank, Concord,
Framingham Nat’l B’k, Framg’h’m,
First Nat’l Bank, Marlborough,
Old Lowell Nat’l Bank, Lowell,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
City Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eagle Nat'l Bank, Boston,
Eliot Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
First Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Howard Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston, .
Market Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
North America Nat'l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawnmt Nat’l Bank, Boston,.
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .

¡110,000
500
3,000
900
10,600
13,300
5,000
10,000
6,700
11,300
2,700
15,000
16,700
10,000
2,800
2,100
7,200
20,000
5,000
5,600
15,000
10,000
600
22,500
4,500
10,000
10,000
13,800
1,000
10,000
5,000
15,000

Estimated
Market Value.

$14,000
675
3,000
1,080
11,872
16,093
5,400
10,100
8,375
14,351
3,186
16,200
21,209
13,600
5,936
2,625
8,568
23,100
5,500
5,306
21,000
10,500
720
27,900
6,930
11,900
10,175
16,146
1,000
10,250
4,950
15,375

00
00
00
00
00
00
00
00
00
00
00
00

on

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
500
3,000
900
10,600
13,300
5,000
10,000
6,700
11,300
2,700
15,000
16,700
10,000
2,800
2,100
7,200
20,000
5,000
5,600
15,000
10,000
600
22,500
4,500
10,000
10,000
13,800
1,000
10,000
5,000
15,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$327,022 00

$275,800 00

$100,000
42,000

$116,500 00
54,600 00

$100,000 00
42,000 00

$142,000

$171,100 00

$142,000 00

$275,800

R a ilr o a d B onds .

Boston & Albany R.R. 7s,
Eastern R.R. 6s,
. . .


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

237

D O C U M E N T — N o. 8

MILFORD SAYINGS BANK — MILFORD.
Incorporated April 24, 1851. Number of corporators, 42.
J o h n P. D a n ie l s , P resid en t.

J a m e s E. W

alker,

T reasurer.

State m e n t.

A ssets .

L ia b il it ie s .

$1,079,332 09
Deposits,
10,334 93
Earnings undivided, .
Guaranty fund, .
20,631 92

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate.................................
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
to w n s,.................................
Loan on bank book,
Deposit in banks, on interest,.
Deposit in banks, not on inter­
est,
..................................

$1,110,298 94

$155,500
450
169,878
6,930
25.000
25.000
306,155
353,404

00
00
99
00
00
00
22
79

15,500 00
175 00
42,088 05
10,216 89
$1,110,298 94

Loans on Public Funds, amount on each : —
On $500 United States 4^s..................................................................................
On $300 United States 4 s , ...........................................................................

$400 00
50 00

Loan on Bank Stock : —
On 126 shares Milford National Bank, M ilfo r d ,..........................................

$6,930 00

Invested in real estate (for banking p u r p o se s),..........................................
Estimated value of the same, .
..........................................
Amount of municipal tax on real estate...........................................................

$25,000 00
25,000 00
336 38

Cash on Deposit in Banks, amount in each: —
00
CO
©
۩=

Manufacturers’ National Bank, B o s t o n , ..................................................
Milford National Bank, M ilfo r d ,...................................................................

05
51,216 89

$51,214 60
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 12 per cent., f 19,107 85
20,250 21
y e a r , ....................................................................................->2 per cent., t
Times for the dividends, fixed by the by-laws: second Saturday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6 17-20.
Date of the last extra dividend : May, 1872.
The total amount of loans, with each specified rate of interest: $27,513.47,
4 percent.; $67,000, 4^ per cent.; $322,150, 5 per cent.; $20,166.28, 5^
per cent.; $53,971.57, 5£ per cent.; $149,020.17,6 percent.; $27,293.02, 6^
per cent.; $15,000, 7 per cent.; $500, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,............................................................................................281
257,980 03
Aggregate amount of the s a m e , ...................................................................
Number of open accounts,
.
.
.
.
.
.
.
.
3,742


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

238

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan.

Number and amount of deposits (including dividends) received for previous y e a r , ....................................................................................
3,597
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 161
Number and amount of withdrawals,..........................................
2,194
Number of accounts opened the previous year, .
.
.
. 751
Number of accounts closed the previous y e a r , ..................................381
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : April 29.

$284,509 18
81,936 06
191,825 74

2,147 46
10,000 00

P ublic F un ds .

Par Value.

United States 4s,
United States 4|s, .
.
.
.
Town of Milford 6s,
of Milford 5s,
of Weymouth 4s, .
City of Portland, Me., 6s,
of Dayton, Ohio, 4s,
of Cleveland, Ohio, 4s, .

$16,500
42,000
20,000
36,000
10,000
2,000
15,000
14,000
$155,500

Estimated
Market Value.

$21,202
46,882
22,300
39,240
10,775
2,540
15,750
14,815

50
50
00
00
00
00
00
00

$173,505 00

Amount Invested.

$16,500
42,000
20,000
36,000
10,000
2,000
15,000
14,000

00
00
00
00
00
00
00
00

$155,500 00

B a n k Sto c k .

Milford Nat’l Bank, Milford, .
Home Nat’l Bank, Milford,
Hopkinton Nat’l Bank, Hopkinton,
Home Nat’l Bank, Brockton, .
Revere Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Howard Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
Hide and Leather Nat’l B’k, Boston,
Eliot Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Freeman’s Nat’l Bank, Boston,
Union Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
Boylston Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
Washington Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Exchange Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$24,800
7,500
2,700
10,000
3,000
2,300
15,000
4,200
700
10,000
4,800
10,000
4,000
4,700
2,500
11,000
200
700
7,800
5,000
4,000
500
2,500
1,000
$138,900

$33,728
9,562
2,970
12,000
3,720
2,604
16,350
4,940
721
11,800
6,108
11,925
4,005
6,486
2,950
13,750
203
931
10,491
6,012
5,000
540
3,206
1,335

00
50
00
00
00
75
00
25
00
00
00
00
00
00
00
00
50
87
00
50
00
00
25
00

$171,340 62

$26,500
7,500
2,700
10,000
3,000
2,300
23,000
4,496
700
10,659
5,682
12,057
5,360
7,496
2,955
15,655
274
1,070
10,766
6,500
5,505
588
3,581
1,530

00
00
00
00
00
00
00
00
00
50
99
50
00
50
25
00
50
12
63
00
00
75
25
00

$169,878 99

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

239

R a ilr o ad B onds .
Estimated
Market Value.

Amount Invested.

$7,000
3,000
15,000

$8,330 00
3,510 00
15,937 50

$7,000 00
3,000 00
15,000 00

$25,000

$27,777 50

$25,000 00

Par Value.

Boston & Albany R.R. 6s,
Boston & Albany R.R. 7s,
Fitchburg R.R. 4s, .
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

240

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

MILLBUHY SAYINGS BANK — MILLBURY.
Incorporated 1854. Number of corporators, 47.
W

il l ia m

R. H i l l , P resid en t.

D a v id A t w o o d , T rea surer.
Statem en t.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Suspense, .

A ssets .

$660,880
15,800
13,725
275

13
44
00
00

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Loans on bank books,
Deposit in banks, on interest,.
Expense account, .
Premium account, .
Safe and furniture, .
Insurance,
. . . .
Cash on hand, . . . .

$690,680 57

$61,000
139,200
2,000
56,000
18,000
30,002
196,065
49,250

00
00
00
00
00
05
00
00

81,700
325
41,951
446
12,000
800
557
1,383

00
00
45
11
00
00
73
23

$690,680 57

Loan on Bank Stock: —
On 25 shares Millbury National B a n k ,...........................................................$2,000 00
Invested in real estate (for banking purposes).................................................$18,000 00
Estimated value of the same,...........................................................................
18,000 00
Amount of real estate held by foreclosure,..................................................
30,002 05
48,120 00
Assessed value of the s a m e ,..........................................
Amount of income received from the same,..................................................
168 60
Amount of municipal tax on real e s t a t e , ...................................................
206 15
Cash on Deposit in Banks, amount in each : —
Millbury National Bank,....................................................................................$31,951 45
Citizens’ National Bank, Worcester...................................................................
10,000 00
Whole amount of interest or profits received or earned,
. . . .
$35,745 67
Rate and amount of each semi-annual dividend for previous 1 2 per cent., ( 12,579 16
y e a r , ....................................................................................J 2 per cent., l
12,750 78
Times for the dividends, fixed by the by-laws : January and July.
The total amount of loans, with each specified rate of interest: $3,250, 3|
percent.; $31,500, 4 per cent.; $22,700, 4^ per cent.; $16,000, 4£ per
cent.; $38,000, 5 per cent.; $5,000, 5£ per cent.; $212,890, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,................................................................................................. 52
Aggregate amount of the same..........................................................................
133,265 00
Number of open a c c o u n ts ,................................................................... 1,617
Number and amount of deposits (including dividends) received for pre­
vious year, ....................................................................................
1,132
102,95876


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

241

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,........................................................................... 58 $34,730 39
Number and amount of withdrawals....................................................... 821
83,216 37
Number of accounts opened the previous year....................................... 207
Number of accounts closed the previous y e a r , ..................................159
Amount of expenses of the corporation during previous year, . . .
1,493 83
20,000 00
Amount of treasurer’s b o n d ,.................................................. ........
Date of examination by commissioner-: May 12.
P ublic F unds .

United States 4|s, .
.
.
.
City and town bonds: —
City of Lawrence 6s,
of Columbus, Ohio, 4s, .
of South Norwalk, Conn., 6 s ,.
Town of Westboi’ough 5s,
of Hopkinton 4s, .
of Clinton 4s,
. . .
of Spencer 4s,

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000

$11,175 00

$10,000 00

3,000
10,000
10,000
3,000
6,000
4,000
15,000
$61,000

3,450
10,300
11,500
3,300
6,180
4,120
15,450

00
00
00
00
00
00
00

$65,475 00

3,000
10,000
10,000
3,000
6,000
4,000
15,000

00
00
00
00
00
00
00

$61,000 00

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Blaekstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eliot Nat’ l Bank, Boston,
First Ward Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston, .
Manufacturers’ Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Nat’l Bank of No. America, Boston,
Nat’l B’k of Commonwealth, Boston,
Nat’l Eagle Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
North Nat’l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Central Nat’l Bank, Worcester,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
6,300
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2,500
2,300
5,700
1,500
10,000
1,200
5,000
4,000
300
3,500
2,500
7,400
2,000
5,000
2,000
5.800
3,600

$5,850
7,056
5,880
2,340
12,700
6,350
4.074
3,150
2,475
2,625
3,266
7,467
1,575
12,200
1,296
5,850
5,400
354
5,285
2,875
7,548
2,200
5,850
1,940
5,768
5,112

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
0)
00
00
00
00
00
00
00
00

$5,000
6,300
4,900
2,000
10,000
5,000
4,200
2,500
2,500
2.500
2.300
5,700
1,500
10,000
1,200
5,000
4,000
300
3,500
2,500
7,400
2,000
5,000
2,000
5,800
3,600

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

242

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

B a n k Stock — Concluded.

Par Value.

Citizens’ Nat’l Bank, Worcester,
City Nat’l Bank, Worcester, .
Quinsigamond Nat’l B’k, Worcester,
Worcester Nat’l Bank, Worcester, .
First Nat’l Bank, Grafton,
Oxford Nat’l Bank, Oxford, .
Leicester Nat’l Bank, Leicester,
Millbury Nat’l Bank, Millbury,
Norwich Nat’l B’k, Norwich,Conn.,

$500
2,700
5.000
900
4.000
1,500
6C0
16,800
500
$139,200

Estimated
Market Value.

$625
3,510
5,750
1,215
5,000
1,950
690
21,840
550

00
00
00
00
00
00
00
00
00

$167,616 00

Amount Invested.

$500
2,700
5.000
900
4.000
1,500
600
16,800
500

00
00
00
00
00
00
00
00
00

$139,200 00

R ailr o a d B onds .

Providence & Worcester R.R. 6s, .
Vermont & Massachusetts R.R. 5s, .
Nashua & Rochester R.R. 5s, .
Boston & Lowell R.R. 7s,
Conn. & Passumpsic Rivers R.R. 7s,
Boston & Albany R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$20,000
10,000
4,000
10,000
6,000
6,000

$23,600
11,400
4,160
11,800
7,200
7,200

00
00
00
00
00
00

$56,000

$65,360 00

$20,000
10,000
4,000
10,000
6,000
6,000

00
00
00
00
00
00

$56,000 00

1887.]

P U B L IC

243

D O C U M E N T — N o. 8

MINERS’ SAVINGS BANK — WEST STOCKBRIDGE.
Incorporated 1872.

Number of corporators, 33.

G e o r g e W . K n i f f i n , P resid en t.

W il l ia m

C.

S p a u l d i n g , Treasurer.

Statem ent.

L iab ilities .

Deposits,
Earnings undivided, .
Guaranty fund, .
Premium account,

A ssets .

$80,918
2,154
1,450
180

02
80
00
00

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s ,.................................
Deposit in bank, not on inter­
est,
..................................
Interest advanced, .

$84,702 82

$20,269
7,425
15,980
34,070
4,450

50
50
00
00
00

2,300 00
195 82
12 00
$84,702 82

Cash on Deposit in Bank : —
Housatonic National Bank, Stockbridge,

.

.

.

.

.

.

.

Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 7 2 per cent., f
y e a r , ....................................................................................J 2 per cent., 1
Times for the dividends, fixed by the by-laws: first Wednesday in January
and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6 452-1000.
Date of last extra dividend: January, 1884.
The total amount of loans, with each specified rate of interest: $23,500,
5 per cent.; $17,320, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................ 39
Aggregate amount of the s a m e , ..........................................
Amount of investments from which no income is received,. . . .
Number of open accounts.......................................................................... 277
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...............................................................................................150
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...........................................................................
11
Number and amount of withdrawals, .
165
Number of accounts opened the previous y e a r , ..................................39
Number of accounts closed the previous y e a r , .......................................26
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner: August 24.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$195 82
$3,938 99
1,419 30
1,470 75

22,320 00
1,840 00

16,418 11
5,596 82
9,577 26

514 56
5,000 00

B A N K C O M M IS S IO N E R S ’ R E P O R T .

244

[Jan.

P ublic F unds .

Par Value.

\
United States 4s,
. . .
City of Providence, R. I., bonds,

.

Estimated
Market Value.

Amount Invested.

$12,200
6,000

$13,294 50
6,975 00

$13,294 50
6,975 00

$18,200

$20,269 50

$20,269 50

B a n k St o c k .

Housatonic Nat’l Bank, Stoekbridge,
Pittsfield Nat’l Bank, Pittsfield,
N ’l Mahaiwe B’k, Great Barrington,
Berkshire Nat’l B’k, North Adams,

00
00
50
00

$2,100
2,028
1,457
1,840

00
00
50
00

$1,400
1,300
1,000
1,500

$2,100
2,028
1,457
1,840

$5,200

$7,425 50

$7,425 50

$6,000
2,000
6,000

$6,720 00
2,490 00
6,770 00

$6,720 00
2,490 00
6,770 00

$14,000

$15,980 00

$15,980 00

R a ilr o ad B on ds .

Vermont & Massachusetts R.R.,
Old Colonv R.R.,
.
.
.
.
Boston & Lowell R.R., , .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887.]

P U B L IC

245

D O C U M E N T — N o. 8.

MONSON SAVINGS BANK— MONSON.
Incorporated 1872. Number of corporators, 18.
R. S. M u n n , P resid en t.

E. F. M or r is , T reasurer.
Statem en t.

A ssets .

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Real estate account, .

$547,566
13,800
11,302
1,884

92
23
33
45

Public funds..............................
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .
Expense account,
Cash on hand, . . . .

$574,553 93

■

$33,500
2,150
44,644
7,900
4,144
362,648
47,500

00
00
58
00
65
00
00

17,000
52,965
20
2,079

00
95
83
92

$574,553 93

Loan on Public Funds : —
On $2,000 United States 4 s , ........................................................................... *$2,150 00
Loans on Bank Stock, amount on each : —
On 10 shares Third National Bank, Springfield,.......................................... $1,000 00
On 95 shares Monson National Bank, M o n s o n ,..........................................
6,800 00
On 1 share Southbridge National Bank, Southbridge,..................................
100 00
Cash on Deposit in Banks, amount in each : —
Third National Bank, Springfield,................................................................... $15,000 00
Agawam National Bank, Springfield,...........................................................
10,000
City National Bank, Springfield,...................................................................
10,000
Springfield Safe Deposit and Trust Company, Springfield, . . . .
7,965
Home National Bank, H o ly o k e ,...................................................................
10,000

00
00
95
00

W hole amount of interest or profits received or earned,
. . . .
$27,524 84
Rate and amount of eachsemi-annual dividend for previous j 2 per cent., f
9,800 93
y e a r , ................................................................................... J 2 per cent., 1 10,225 10
Times for the dividends, fixed by the by-laws: first Monday in April
and October.
The total amount of loans, with each specified rate of interest: $17,000, 4£
percent.; $271,715, 5 per cent.; $30,728, 5J per cent.; $117,155, 6 per
cent.; $600, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .................................................................................................... 163
Aggregate amount of the s a m e , ...................................................................
209,010 00
Number ofopen a c c o u n ts ,.....................................................................1,429
Number and amount of deposits (including dividends) received for previous
year....................................................................................................
3,701
108,425 20
* This bank has been notified that this loan exceeds the legal limit. The amount has since
been reduced within the limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

246

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number and amount of deposits of and exceeding $300 at any one time,
for the previous year.................................................................................... 52
Number and amount of withdrawals,.................................................. 635
Number of accounts opened the previous y e a r , ..................................... 246
Number of accounts closed the previous year............................................ 141
Amount of expenses of the corporation during previous year, .
.
«
Amount of treasurer’s bond,............................................................................
Date of examination by commissioner : March 30.

$30,962 46
66,609 67

1,700 15
10,000 00

P ublic F un ds .

Estimated
Market Value.

Amount Invested.

$10,000
10,000
13,000

$12,850 00
11,000 00
15,340 00

$10,000 00
9,550 00
13,950 00

$33,000

$39,190 00

$33,500 00

Par Value.

United States 4s,
Town of Westfield 6s,
City of Worcester 5s,

B a n k St o c k .

North Nat’l Bank, Boston,
Nat’l Eagle Bank, Boston,
Nat’l Bank of No. America, Boston,
Blackstone Nat’l Bank, Boston,
Nat’l Bank of Redemption, Boston,
Eliot Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Nat’l Webster Bank, Boston, .
Nat’l Hide & Leather B’k, Boston, .
Merchants’ Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Nat’l Revere Bank, Boston,
Nat’l Exchange Bank, Boston,
State Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,.
Ware Nat’l Bank, Ware, .
City Nat’l Bank, Springfield, .
Monson Nat’l Bank, Monson, .

$2,000
2,000
2,000
1.500
2.500
2.500
4.000
1.000
1,000
1,000
3.000
2.500
1,100
500
500
500
300
2.000
7,000
$36,900

$2,700
2,160
2,120
1,687
3,000
3,175
4,440
1,070
1,030
1,180
4,260
3,150
1,353
650
590
500
375
2,600
9,800

00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$2,465
2,260
2,290
1,440
3,576
2,800
5,070
1,150
1,065
1,162
3,946
2,859
1,277
881
577
641
382
2,000
8,799

00
00
00
00
50
00
00
00
00
75
25
50
25
25
75
50
50
00
33

$45,840 50

$44,644 58

$6,400 00

$4,144 65

R a il r o a d B onds .

Eastern R . R . , .....................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000

1887.]

P U B L IC

247

D O C U M E N T — N o. 8

NANTUCKET INSTITUTION FOR SAYINGS— NANTUCKET.
Incorporated 1834.
T h a d d eus

C.

Number of corporators, 42.

D e f r i e z , P resid en t.

M a t t h e w B a r n e y , Treasurer.
St a t e m e n t .

A ssets .

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$342,445 40
2,778 30
8,497 71

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Expense account, .
Cash on hand............................

$353,721 41

•

$33,000
8,400
1,500
15,000
3,740
18,650
208,076
50,953

00
00
00
00
00
13
50
17

3,000 00
9,324 32
160 22
561 58
1,355 49
$353,721 41

Loans on Bank Stock, amount on each : —
On 3 shares Pacific National Bank, Nantucket...............................................
On 10 shares Pacific National Bank, Nantucket,..........................................j
On 2 shares Cape Cod National Bank, Harwich,.......................................... J
Invested in real estate (for banking p u rp o ses),..........................................
Estimated value of the same,...........................................................................
Amount of real estate held by foreclosure,..................................................
Assessed value of the s a m e ,...........................................................................
Amount of income received from the same......................................................
Amount of municipal tax on real e s t a t e , ..................................................

$300 00

1,200 00
$3,740
4,000
18,650
23,785
1,770
401

00
0ft
13

00
00
05

Cash on Deposit in Banks, amount in each: —
North National Bank, B o s t o n , ...................................................................
Pacific National Bank, Nantucket,...................................................................

$9,324 32
160 22

Whole amount of interest or profits received or earned,
. . . .
$17,166 19
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f
6,371 28
y e a r , ..................................................................................... ) 2 per cent, 1
6,648 53
Times for the dividends, fixed by the by-laws: January and July.
The total amount of loans, with each specified rate of interest: $3,000, 3
per cent.; $71,150, 5 per cent.; $52,900, 5J per cent.; $117,987.17, 6 per
cent.; $17,162.50, 6£ per cent.; $1,330, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each.................................................................................. •.
.
. 109
Aggregate amount of the s a m e , ...................................................................
105,026 50
Amount of investments from which no income is received, . . . .
16,028 17
Number of open accounts.................................................................. 1,155


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Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

250

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

[Jan

Times for the dividends, fixed by the by-laws : first Saturday in May and
November.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4^.
Date of the last extra dividend: 1870.
The total amount of loans, with each specified rate of interest: $20,000, 2£
per cent.; $80,000, 3£ per cent.; $67,600, 4 per cent.; $4,000, 4£ per cent.;
$136,004.55, 5 per cent.; $47,350, 5J per cent.; $13,500, 5f per cent.;
$235,487.07, 6 per cent.; $43,708.81,6^ per cent.; $450,7 per cent.; $1,000,
7 3-10 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,...............................................................................................260
Aggregate amount of the s a m e , ................................................................... $239,536 62
Amount of investments from which no income is received, . . . .
7,500 00
Number of open a c c o u n ts ,................................................................... 3,924
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................4,269
264,911 95
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...............................................................................146
76,063 60
Number and amount of withdrawals,.................................................. 2,249
226,895 06
Number of accounts opened the previous y e a r , .....................................698
N umber of accounts closed the previous y e a r , ..................................468
Amount of expenses of the corporation during previous year,
1,927 21
Amount of treasurer’s b o n d ,...........................................................................
30,000 00
Date of examination by commissioner: March 25.
P ublic F unds .

United States 4s,
City and town bonds; —
City of Boston,
.
.
of Fall River, .
.
Town of Brookline,
of North Adams, .
City of Worcester, .
.
of Cambridge,.
Town of Arlington,
of Beverly, .
.

.
.

.
.

.

.

.

.

Par Value.

Estimated
Market Value.

Amount Invested.

$10,000

$12,812 50

$10,000 00

10,000
16,000
10,000
2.000
3.000
4.000
3.000
10,000
$68,000

10,900
19,200
13,000
2,000
3,420
5,240
3,015
10,600

00
00
00
00
00
00
00
00

$80,187 50

10,000
16,000
10,000
2,000
3.000
4.000
3.000
10,000

00
00
00
00
00
00
00
00

$68,000 00

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Boylston Natl Bank, Boston, .
Central Natl Bank, Boston, .
Columbian Natl Bank, Boston,
Commerce Natl Bank, Boston,
Commonwealth Natl Bank, Boston,


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Federal Reserve Bank of St. Louis

$2,600
11,500
700
2,700
1,300
4,600
2,100

$3,126
13,943
931
2,916
1,626
5,842
2,478

50
75
00
00
22
00
00

$3,180
13,886
845
2,693
1,855
5,684
2,654

00
25
25
00
75
50
75

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

Bank

S t o c k — C o n c lu d e d .

Par Value.

Continental Nat’l Bank, Boston,
Dedham Nat’l Bank, Dedham,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, „
Exchange Nat’l Bank, Boston,
First Nat’l Bank, Chelsea,
Framingham Nat’l B’k, Fram’gh’m,
Home Nat’l Bank, Brockton, .
Howard Nat’l Bank, Boston, .
Merchandise Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Metropolitan Nat’l Bank, Boston, .
Monument Nat’l Bank, Boston,
Natick Nat’l Bank, Natick,
Newton Nat’l Bank, Newton, .
North Nat’l Bank, Boston,
No. America Nat’l Bank, Boston, .
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Second Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Wachusett Nat’l Bank, Fitchburg, .

R

a il r o a d

Boston & Albany R.R., .
Boston & Lowell R.R., .
Fitchburg R.R.,
.
.
.
.
Old Colony R.R.,
.
.
.
.
Vermont & Massachusetts R.R.,
Boston, Clinton, Fitchburg & New
Bedford R.R.,
.
.
.
.


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Federal Reserve Bank of St. Louis

251

Estimated
Market Value,

Amount Invested.

$500
3,300
1,900
7,000
1,500
3,200
1,700
5,500
6,200
3,200
4,600
600
1,500
12,000
2,000
400
5,100
1,400
3,000
1,000
700
400
3,700

$590
3,795
2,417
7,000
1,980
4,000
2,380
6,325
7,192
3,328
6,451
678
3,217
16,680
2,000
538
5,355
1,750
4,155
1,540
819
396
7,474

$95,900

$120,926 24

$119,151 87

$5,825
5,100
11,200
4,800
11,300

$5,000
5,000
10,000
4,000
10,000

62
00
75
00
00
00
00
00
00
00
50
00
50
00
00
00
00
00
00
00
00
00
00

$581
3,926
2,300
8,210
2,160
3,976
2,430
5,575
7,779
3,501
6,393
620
2,775
16,500
2,230
516
5,826
2,135
3,825
1,560
771
400
4,360

25
50
00
00
00
00
00
00
37
25
75
00
00
00
00
00
50
00
00
00
75
00
00

B o nds.

$5,000
5,000
10,000
4,000
10,000

00
00
00
00
00

00
00
00
00
00

5,000

5,850 00

5,000 00

$39,000

$44,075 00

$39,000 00

252

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

NEW BEDFORD FIVE CENTS SAVINGS BANK — NEW BEDFORD.
Incorporated 1855. Number of corporators, 105.
G eo . H o w l a n d , Jr., P resid en t.

B. R ic k e t s o n , Jr., Treasurer.
Sta te m e n t.

A ssets .

L ia b il it ie s .

$3,849,423 62
Deposits,
64,236 49
Earnings undivided, .
79,734 44
Guaranty fund, .
760 72
Premium account,

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest, .
Expense account,
Cash on hand, . . . .

$1,270,000
500
185,200
16,550
176,000
868.689
1,192,728

00
00
00
00
00
24
56

4,286
258,429
647
21,123

71
53
66
57

$3,994,155 27

$3,994,155 27

Loan on Public Funds; —
$500 00

On $1,000 United States t y s , ..........................................
Loans on Bank Stock, amount on each: —
On 7 shares First National Bank, New Bedford, .
On 16 shares Merchants’ National Bank, New Bedford,
On 9 shares Mechanics’ National Bank, New Bedford,
On 226 shares Citizens’ National Bank, New Bedford, .

$250
1,600
900
13,800

00
00
00
00

$72,565
57,327
15,977
2,646
44,161
62,087
1,910
1,752

00
59
09
52
99
95
44
95

Cash on Deposit in Banks, amount in each
Third National Bank, Springfield, .
International Trust Company, Boston, .
National Bank of Redemption, Boston, .
Mechanics’ National Bank, New Bedford,
Merchants’ National Bank, New Bedford,
Citizens’ National Bank, New Bedford, .
National Bank of Commerce, New Bedford,
First National Bank, New Bedford,

.

. $180,524 63
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous 1 2 per cent , ( 70,481 03
y e a r , ..................................................
.
.
. J2 per cent. , 1 72,506 96
Times for the dividends, fixed by the by-laws: second Wednesday in
April and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 6£.
Date of the last extra dividend: October 14, 1874.
The total amount of loans, with each specified rate of interest: $533,850, 4
per cent.; $486,700, 4£ per cent.; $333,000, 4| per cent.; $339,589 65, 5
per cent. ; $124,850, 5^ per cent.; $261,478.15, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,.............................................................................................260


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8 .

253

Aggregate amount of the s a m e , ...................................................................$208,037 48
Number of open a c c o u n ts ,.......................................................... 14,676
Number and amount of deposits (including dividends) received for pre­
vious year.........................................................................................
12,087 824,980 83
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................... 541 362,780 15
Number and amount of withdrawals,
6,781
574,821 06
Number of accounts opened the previous year,. . . .
1,867
Number of accounts closed the previous year..........................1,071
Amount of expenses of the corporation during previous year, .
.
.
9,442 04
Amount of treasurer’s b o n d ,...........................................................................
15,000 00
Date of examination by commissioner : June 9.
P ublic F un d s .

Par Value.

United States 4Js, .
United States 4s,
United States currency 6s,

,
*

City and town bonds : —
City of New Bedford,
of Norwich, Conn.,.
of Portland, Me.,
of New Bedford,
of Newport, R. I., .
of Chelsea,
of Bangor, Me.,
of New Haven, Conn., .
of Charlestown,
of Lowell,
of Salem,
of Fall River, .
of Boston,
of East Saginaw, Mich.,
of Holyoke,
Town of Northampton, .
of North Bridgewater, .
of New Haven, Conn., .
of Middleborough,

$83,500
104,500
175,000
80,000
13,000
87,000 ’
82,000
1,000
95,000
66,000
50,000
25,000
25,000
25,000
90,000
10,000
25,000
50,000
83,000
20,000
10,000
70,000

Estimated
Market Value.

$91,745 62
133,629 37
219,625 00
97,600
16,900
91,350
100,040
1,020
98,800
79,200
61,000
26,000
28,000
26,250
112,500
10,600
28,000
54,000
92,960
20,650
10,800
71,400

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$83,500 00
104,500 00
175,000 00
80,000
13,000
87,000
82,000
1,000
95,000
66,000
50,000
25,000
25,000
25,000
90,000
10,000
25,000
50,000
83,000
20,000
10,000
70,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1,270,000 $1,472,069 99 $1,270,000 00

B a n k St o c k .

Franklin Nat’l Bank, Franklin,
Third Nat’l Bank, Springfield,
Merchants’ Nat’l B'k, New Bedford,
First Nat’l Bank, New Bedfoi’d,
Citizens’ Nat’l Bank, New Bedford,
Nat’l B’k of Commerce, N. Bedford,
First Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
10,000
50,000
26,200
20,000
30,000
10,000

$17,500
17,500
92,937
39,234
26,225
33,975
17,500

00
00
50
50
00
00
00

$10.000
10,000
50,000
26,200
20,000
• 30,000
10,000

00
00
00
00
00
00
00

254

B A N K C O M M IS S IO N E R S ’ R E P O R T .
B

ank

S t o c k — C o n c lu d e d .

Par Value.

Revere Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Merchandise Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,

.

$12,000
2,000
2.500
2.500
10,000
$185,200

R

a il r o a d

Mansfield & Framingham R.R.,
Boston & Albany R.R. 6s,
Eastern R.R.................................
Old Colony R.R. 6s,
Old Colony R.R. 7s,
Boston & Maine R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Jan

B

Estimated
Market Value.

$14,760
2.500
2,750
2.500
14,600

00
00
00
00
00

$281,982 00

Amount Invested.

$12,000
2,000
2.500
2.500
10,000

00
00
00
00
00

$185,200 00

o n ds.

$33,500
10,000
52,500
45,000
20,000
15,000
$176,000

$33,500
11,900
60,637
54,000
24,900
18,600

00
00
50
00
00
00

$203,537 50

$33,500
10,000
52,500
45,000
20,000
15,000

00
00
00
00
00
00

$176,000 00

1 8 8 7 .]

P U B L IC

255

D O C U M E N T — N o. 8

NEW BEDFORD INSTITUTION FOR SAYINGS — NEW BEDFORD.
Incorporated 1825. Number of corporators, 106.
W i l l i a m W a t k i n s , P resid en t.

Ch as.

H.

P e i r c e , T reasurer.

St atem en t.

A ssets .

L ia b ilit ie s .

$10,377,649 77
Deposits, .
Earnings undivided, .
81,467 05
291,000 00
Guaranty fund, .

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loan on railroad bonds, .
- Railroad notes,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loan on deposits, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest,.
Expense account, .
Cash on hand, . . . .

$10,750,116 82

$2,798,200
10,000
1,388,860
35.000
794.000
4,000
700.000
30.000
9,351
1,027,237
3,578,663
1,238

00
00
00
00
00
00
00
00
65
25
00
75

184,000
170,482
816
18,266

00
98
20
99

$10,750,116 82

Loan on Public Funds: —
On $ 10,000 United States 4 s , ..........................................

$ 10,000 00

Loans on Bank Stock, amount on each: —
On 70 shares Third National Bank, Springfield, .
On 7 shares National Bank of Commerce, New Bedford,
On 10 shares Mechanics’ National Bank, New Bedford,
On 25 shares Falmouth National Bank, . . . .
On 12 shares Merchants’ National Bank, New Bedford,
On 3 shares Southbridge National Bank,
On 91 shares First National Bank, New Bedford,
On 9 shares First National Bank, New Bedford, .
On 18 shares Mechanics’ National Bank, New Bedford,
On 22 shares Commerce National Bank, New Bedford,
On 100 shares First National Bank, Easton, .
On 20 shares Citizens’ National Bank, New Bedford, .

$7,000 00
3,000 00
1,200 00
300 00
7,500 00
4,000 00
10,000 00
2,000 00

Loan on Railroad Bonds : —
On $3,000 Old Colony R. R. 7 s , ..................................
On 10 shares Citizens’ National Bank, New Bedford, .

*$4,000 00

Invested in real estate (for banking purposes), .
Estimated value of the same,..........................................
Amount of real estate held by foreclosure, .
Assessed value of the s a m e ,..........................................
Amount of municipal tax on real estate,

$30,000
30,000
9,351
9,650
304

00
00
65
00
00

* This bank was notified that this loan exceeded the legal limit, and correction has since been
made.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

256

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Cash on Deposit in Banks, amount in each : —
Merchants’ National Bank, New B e d fo r d ,.................................................. S3,513 44
First National Bank, New Bedford,
. . .
j*
. . .
.
54,379
National Bank of Commerce, New B e d f o r d , ..........................................
77,296
Mechanics’ National Bank, New B e d fo rd ,...................................................
2,345
Citizens’ National Bank, New Bedford,...........................................................
4,728
Massachusetts National Bank, Boston,...........................................................
284
National Revere Bank, B o s t o n ,...................................................................
10,766
National Bank of Redemption, Boston,
.
.
.
.
.
.
.
17,169

46
11
19
94
07
42
35

Whole amount of interest or profits received or earned,
. . . .
$560,386 94
Rate and amount of each semi-annual dividend for previous i 2. per cent., f 198,913 51
year,
.
.
.
........................................................... } 2 per cent., t 200,904 96
Times for the dividends, fixed by the by-laws : first Monday in April and
October.
The total amount of loans, with each specified rate of interest: $125,000, 3
per cent.; $100,000, 3^ per cent.; $25,000, 3f per cent.; $250,000, 3£ per
cent.; $545,000, 3§ per cent.; $295,000, 3| per cent.; $1,266,000, 4 per
cent.; $20,000,4| per cent.; $1,907,275, 4£ per cent.; $65,000 ,4| per cent.;
$713,450, 5 per cent.; $118,950, 5J per cent.; $109,464, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each ,............................................................................................... 189
Aggregate amount of the s a m e , ...................................................................
203,566 00
Amount of investments from which no income is received,. . . .
9,351 65
Number of open a c c o u n t s ,..................................................................19,880
Number and amount of deposits (including dividends) received for pre­
vious year,
.
49,495 1,697,612 16
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year,....................................................................
. 844
533,018 08
Number and amount of withdrawals,..........................................
12,849 1,454,331 19
N umber of accounts opened the previous year, . . . .
2,272
Number of accounts closed the previous year,
. . . .
1,817
Amount of expenses of the corporation during previous year, .
18,711 97
Amount of treasurer’s b o n d ,...........................................................
20,000 00
Date of examination by commissioner: June 30.

.
.

P ublic F unds .

Par Value.

United States 4s,
. . .
United States 4|s, .
.
.
.
District of Columbia 6s, .
State of Massachusetts 3}s,
City of New Bedford 7 s ,.
of New Bedford 6 s ,.
of New Bedford 4 s,.
of New Bedford 3|s,
of Charlestown 5s, .
of Springfield 6s,
of Manchester, N. H., 6s,
of Middletown, Conn., 6s,
Town of Middletown, Conn., 6s,
of Greenfield 6s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$805,500 $1,035,060 00
200,000
223,500 00
165,000
186,275 00
100,000
100,000 00
30,000
33,000 00
291,000
356,475 00
100,000
103,500 00
25,000
25,000 00
100,000
112,000 00
4,000
4,080 00
6,000
7,020 00
28,000
33,320 00
10,000
10,800 00
5,000
5,450 00

Amount Invested.

$805,500
200,000
165,000
100,000
30,000
291,000
100,000
25,000
100,000
4,000
6,000
28,000
10,000
5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00

1 8 8 7 .]

P U B L IC

257

D O C U M E N T — N o. 8

P ublic F unds — Concluded.

•
, Par Value.

Town of Buckland 6s,
of Shelburne 6s, .
of Adams 6s,
. . .
City of Norwalk, Conn., 7s, .
of Bangor, Me., 6s, .
of Malden 5s, .
of Malden 6s, .
Town of Medford 6s,
of Melrose 6s,
City of Meriden, Conn., 7s,
of Hartford, Conn., 6s, .
of Salem 6s,
of Burlington, Vt., 6s,
of Chelsea 6s, .
County of Sagadahoc, Me., 6s,
City of Augusta, Me., 6s,
of Dover, N. H., 6s,.
of Bath. Me., 6s,
.
Town of Edgartown 6s, .
of Attleborough 7s,
City of Nashua, N. H., 6s,
Town of Peterborough, N. H., 6s, .
City of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 6s, .
of Cleveland, Ohio, 7s, .
of Columbus, Ohio, 6s, .
of Grand Rapids, Mich., 5s, .
of East Saginaw, Mich., 5s, .
of Providence, R. I., 5s, .
of Boston sterling 5s,

$5,000
6,000
3,000
10,000
100,000
17,000
50,000
50,000
50,000
50,000
20,000
50,000
16,000
85,000
19,' 00
4,500
13,500
39,000
20,000
50,0C0
5,000
15,000
100,000
10,000
7,0 )0
10,000
30,000
28,500
7,000
58,200

Estimated
Market Value.

$5,450
6,540
3,135
12,500
120,000
18,360
54,500
54,500
54,500
54,000
22,200
51,750
17,120
96,475
19,475
4,590
13,770
39,780
20,900
64,000
5,650
15,750
100,750
10,825
8,000
11,200
33,900
31,600
8,300
63,400

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

oo
00
00
00

Amount Invested.

$5,000
6,000
3,000
10,000
100,000
17,000
50,000
50,000
50,000
50,000
20,000
50,000
16,000
85,000
19,000
4,500
13,500
39,000
20,000
50,000
5,000
15,000
100,000
10,000
7,000
10,000
30,000
28,500
7,000
58,200

00
00
00
00
00
00
OO
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$2,798,200 $3,258,400 00 $2,798,200 00

B a n k St o c k .

Merchants’ Nat’ l B’k.New Bedford,
First Nat’l Bank, New Bedford,
Nat’l B’k of Commerce, New Bedford,
Mechanics’ Nat’l B’k, New Bedford,
Citizens’ Nat’l Bank, New Bedford,
First Nat’l Bank, Chelsea,
Metacomet Nat’l Bank, Fall River,
Third Nat’l Bank, Springfield,
Railroad Nat’l Bank, Lowell, .
Nat’l B’k of So. Reading, Wakefield,
Fall River Nat’l Bank, Fall River, .
First Nat’l Bank, Malden,
Nat’l B ink of Fairhaven.
Nat’l Hide and Leather B’k, Boston,
Boston Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$109,600
135,600
136,600
100,000
100,000
20,000
25,000
20,000
4,500
7,000
20,000
15,000
1,760
20,000
15,000

$202,760
200,688
157,090
170,000
125,000
25,400
30,000
37,000
5,760
8,050
23,000
18,750
1,670
23,800
18,150

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$109,600
135,600
136,600
100,000
100,000
20,000
25,000
20,000
4,500
7,000
20,000
15,000
1,760
20,000
15,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

258

B A N K C O M M IS S IO N E R S ’ R E P O R T .
Bank

Sto ck

[Jan.

— Concluded.
•
Par Value.

Howard Nat’l Bank, Boston, .
Nai’l Exchange Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Second Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,
Maverick Nat’l Bank, Boston,.
Nat’l Bank of the Republic, Boston,
First Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
North Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,
Sliawmut Nat’l Bank, Boston,.
Continental Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,.
Atlas Nafl Bank, Boston,
Union Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Nat’l Revere Bank, Boston,
Washington Nat’l Bank, Boston, ,
Shoe and Leather Nat’l B’ k, Boston,
New England Nat’l Bank, Boston, .
Nat’l B’k of Commonwealth, Boston,
Nat’l Bank of Redemption, Boston,
Everett Nat’l Bank, Boston, .
Merchandise Nat’l Bank, Boston, .
Monument Nat’l Bank, Boston,
State Nat’ l Bank, Boston,
Traders’ Nat’l Bank, Boston, .

$14,000
2,000
46,000
53,000
38,000
10,000
49,000
23,000
23,000
9,000
23,000
3,000
35,000
9,000
14,000
25,000
17,000
44,000
36,000
13,000
26,000
50,000
13,000
14,000
4,000
10.1)00
20,000
3,000
3,000
10,000
9,000
10,800

Estimated
Market Value.

$16,100
2,640
58,420
81,620
39,900
22,100
67,620
48,760
32,200
11,430
30,820
3,030
35,700
11,250
16,660
29,500
18,360
41,800
43,200
24,440
32,500
62,000
16,250
14,140
5,760
11,800
25,000
3,000
3,120
21,400
10,530
10,690

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$14,000
2,000
46,000
53,000
38,000
10,000
49,000
23,000
23,000
9,000
23,000
3,000
35,000
9,000
14,000
25,000
17,000
44,000
36,000
13,000
26,000
50,000
13,000
14,000
4,000
10,000
20,000
3,000
3,000
10,000
9,000
10,800

00
00
00
00
00
00
00
00
00
(0
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1,388,860 $1,898,858 00 $1,388,860 00

R

a il r o a d

Boston & Albany R.R. 7s,
Boston & Albany R.R. 6s,
New Bedford R.R. 7s,
Worcester & Nashua R.R. 5 s ,.
Fitchburg R.R 5s, .
.
. . .
Old Colony R.R. 6s,.
.
. ' ,
Boston & Lowell R.R. 6s,
Boston & Lowell R.R 5s,
Boston & Lowell R.R. 4is,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

B o nds.

$450,000
50.000
75.000
125,000
38.000
20.000
11,000
5,000
20,000

$528,200
59.000
.91,500
125,625
43,300
24.000
13,090
5,600
22.000

$794,000

$912,315 00

00
00
00
00
00
00
00
00
00

$450,000
50.000
75.000
125,000
38.000
20.000
11,000
5,000
20,000

00
00
00
00
00
00
00
00
00

$794,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

259

NEWBURYPORT FIVE CENTS SAVINGS BANK — NEWBURYPORT.
Incorporated April 24, 1854.

Number of corporators, 45.
J. A.

E b e n S u m n e r , P resid en t.

M a y n a r d , T reasurer.

S tatem ent.

A ssets .

L iab ilit ie s .

Deposits, •
Earnings undivided, .
Guaranty fund, .

$672,413 89
61,572 51
23,911 04

Public funds, . . . .
Loan on public funds,
Bank stock................................
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Deposit in banks, on interest, .
Expense account,
Cash on hand, . . . .

$40,000
8,000
120,200
5,000
44,795
39,114
375,523
84,550
36,644
125
3,944

00
00
00
00
95
78
00
00
09
00
62

$757,897 44

$757,897 44

Loan on Public Funds : —
On $5,000 City of Lynn 6 per cent, bonds, .
On 50 shares Continental National Bank, Boston,
Invested in real estate (for banking p u r p o se s),.........................................
Estimated value of the same,...........................................................................
Amount of real estate held by foreclosure,...................................................
Assessed value of the same................................................................................
Amount of income received from the same, ...................................................
Amount of municipal tax on real e s t a t e , ..................................................

$44,795
40,000
39,114
50,267
816
1,869

95
00
78
00
09
40

Cash on Deposit in Banks, amount in each: —
First National Bank, Newburyport,
Merchants’ National Bank, Newburyport,
Maverick National Bank, Boston, .
.

$16,319 83
10,000 00

.

.

10,324 26

Whole amount of interest or profits received or earned,
. . . .
$38,509 54
Rate and amount of each semi-annual dividend for previous } 2 per cent., f 12,474 58
y e a r , ........................................................................... ¡ 2 per cent., i
12,535 70
Times for the dividends, fixed by the by-laws: first Monday in May and
November.
The total amount of loans, with each specified rate of interest: $8,000,
3 per cent.; $8,000, 4 per cent.; $133,400,5 per cent.; $49,500, 5^ per
cent.; $249,873, 6 per cent.; $4,900, 6£ per cent.; $14,400, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,......................................................................................... 213
Aggregate amount of the s a m e , ...................................................................
219,973 00
Amount of investments from which no income is received, . . . .
34,016 62
Number of open a c c o u n ts ,................................................................... 2,797
Number and amount of deposits (including dividends) received for..pre­
vious y e a r , ..........................................................................................930
119,868 73


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

260

[Jan.

B A N K C O M M IS S IO N E R S ’ R E P O R T

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................108
Number and amount of withdrawals,.................................................. 928
Number of accounts opened the previous y e a r ,.................................. 200
Number of accounts closed the previous y e a r , ..................................197
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bond,............................................................................
Date of examination by commissioner: June 7.

$60,212 33
93,409 06

2,226 66
15,000 00

P ublic F unds .

Par Value.

United States currency 6s,
City of Bangor, Me., 6s, .

Estimated
Market Value.

Amount Invested.

$ 3 0 ,oro
1 0,0 0 0

$ 1 0 ,8 0 0 00
1 1,6 5 0 00

$ 3 0 ,0 0 0 0 0
1 0,0 0 0 00

$ 1 0 ,0 0 0

$ 5 2 ,4 5 0 00

$ 4 0 ,0 0 0 0 0

B an k St o c k .

Atlantic Nat’l Bank, Boston, .
Atlas Nat’ l Bank, Boston,
Boylsion Nat l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Columbian Nat’ l Bank, Boston,
Commerce Nat’l Bank, Boston,
Continental Nal’ l Bank, Boston,
Commonwealth Nat’l B'k, Boston, .
City Nat’l Bank, Boston, .
Exchange Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Everett Nat'l Bank, Boston, .
Globe Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Hamilton Nat'l Bank, Boston, .
Hide and Leather Nat’l B’k, Boston,
Market Nat 1 Bank, Boston, .
Maverick Nat’l Bank, Boston,.
North America Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
Republic Nat’l Bank, Boston, .
Revere Nat’ l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Suffolk Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Third Nat’ l Bank, Boston,
Union Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
First Nat’l Bank, Newburyport,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1,000
6,000
800
3,300
1,300
1,800
4,200
5,000
8,000
500
3,300
7,400
5,000
5,000
1,500
1,000
2,500
4,400
4,000
1,000
1,000
2,300
3,700
1,( 00
1,200
3,300
10,400
2,400
5,600
1,700
10,500

$1,335 00
7,215 00
1,065 00
3,696 00
1,626 62
2,286 00
4,906 50
5,900 00
8,080 00
640 00
4,199 25
7,992 00
5,000 00
4,750 00
1,764 37
1,250 00
2,981 25
4,004 00
8,850 00
1,050 00
1,435 00
3,185 50
4,588 00
1,192 50
1,329 00
3,382 50
10,400 00
3,312 00
5,712 00
2,061 25
11,970 00

$1,000 00
6,000 00
800 00
3,300 00
1 300 00
1,800 00
4,200 00
5,000 00
8,00 ) 00
500 00
3,300 00
7,400 00
5.000 00
5,000 00
1,500 00
1,000 00
2,500 00
4,400 00
4,000 00
1,000 00
1,000 00
2,300 00
3,700 00
1,000 00
1,200 00
3,300 00
10,400 00
2,400 00
5,600 00
1,700 00
10,500 00

1 8 8 7 .J

P U B L IC
Bank

Stock

— Concluded.

Par Value.

Ocean Nat’l Bank, Newburyport, .
Mechanicks’ Nat’l B’k, Newburyport,

$1,000
9,lu0
$120,200

R

a il r o a d

Old Colony & Newport R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

261

D O C U M E N T — N o . 8.

Estimated
Market Value.

Amount Invested.

$1,030 00 ■
11,375 00

$1,000 00
9,100 00

$139,623 74

$120,200 00

5,062 50

$5,000 00

B o n ds.

$5,000

262

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

NEWTON SAYINGS BANK — NEWTON.
Incorporated June 17, 1831. Number of corporators, 16.
G e o r g e H y d e , P resid en t.

Susanna

M.

D u n c k l e e , Treasurer.

Statem ent.

A ssets .

L ia b ilit ie s .

$1,432,154 28
Deposits,
40,012 38
Earnings undivided, .
24,768 00
Guaranty fund, .
240 60
Suspense account,

$77,861
26,225
2.500
10,000
32,251
935,651
383,630
21,159

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Expense account, .
Cash on hand, . . . .

75
00
00
00
33
38
00
56

2.500 00
727 69
4,668 55
$1,497,175 26

$1,497,175 26

Loan on Bank Stock :—
On 25 shares Globe National Bank, Boston,.................................................. *$2,500 00
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$32,251
24,250
610
306

33
00
50
83

$2,894
315
5,949
14,500

00
68
88
00

Cash on Deposit in Banks, amount in each : —
Wachusett National Bank, Fitchburg,
Revere National Bank, Boston,
Newton National Bank, Newton, .
Pacific National Bank, Boston,

.

$72,649 49
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f 24,479 87
25,832 66
y e a r , .................................................................................... 12 per cent., I
Times for the dividends, fixed by the by-laws: January 1 and July 1.
The total amount of loans, with each specified rate of interest: $48,000, 4
per cent.; $449,900, 5 per cent.; $14,500, 5^ per cent.; $526,237, 5£ per
cent.; $273,336.38, 6 per cent ; $ ,750, 7 per cent.; $58, 8 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each...............................................................................................................212
347.680 00
Aggregate amount of the s a m e , ...................................................................
36,101 38
Amount of investments from which no income is received . . . .
Number of open a c c o u n ts ,................................................................... 5,865
Number and amount of deposits (including dividends) received for pre­
391,577 54
vious y e a r , ............................................................................................ 5,706
Number and amount of deposits of and exceeding $300 at any one time,
126,702 49
for the previous year.................................................................................. 225


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* This bank has been notified that this luan exceeds the legal limit.

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

263

Number and amount of withdrawals,..........................................
2,978 $256,658 84
Number of accounts opened the previous y e a r , ...............................802
Number of accounts closed the previous y e a r , ...............................327
Amount of expenses of the corporation during previous year, .
.
.
5,329 13
Amount of treasurer’s b o n d ,...........................................................................
20,000 00
Date of examination by commissioner : June 10.
P

u b l ic

F

u n d s.

Par Value.

City of Lowell 6s, .
of Newton 5s, .
of Worcester 5s,

B

ank

$6,000
50.000
20.000

$6,540 00
60,000 00
21,250 00

$6,204 56
51,081 08
20,576 11

$76,000

$87,790 00

$77,861 75

$3,000
1,000
7,000
2,400
2,500
1,500
3,000

$3,540
1,600
7,630
2,496
3,550
1,500
3,720

00
00
00
00
00
00
00

$3,000
1,000
7,000
2,400
2,500
1,500
3,000

00
00
00
00
00
00
00

2,500
600
2,500
225

2,675
702
5,000
315

00
00
00
00

2,500
600
2,500
225

00
00
00
00'

$26,225

a il r o a d

Mansfield & Framingham R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Amount Invested.

Sto c k .

Commonwealth Nat’l Bank, Boston,
First Nat’l Bank, Cambridge, .
Lincoln Nat’l Bank, Boston, .
Merchandise Nat’l Bank, Boston, .
Natick Nat’ l Bank, Natick,
Newton Nat’l Bank, Newton, .
Revere Nat’l Bank, Boston,
South Framingham Nat’l Bank, So.
Framingham,
.
State Nat’l Bank, Boston,
Wachusett Nat’l Bank, Fitchburg, .
Waltham Nat’l Bank, Waltham,

R

Estimated
Market Value.

B

$32,728 00

$26,225 00

$10,700 00

$ 10,000 00

onds.

$ 10,000

264

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

NORTHAMPTON INSTITUTION FOR SAYINGS — NORTHAMPTON.
Incorporated 1842.
H o h a t io

G.

Number of corporators, 16.

K n i g h t , P resid en t.

L a f a y e t t e M a l t b y , T reasurer.
Statem ent.

L ia b ilit ie s .

'

$2,118,372 28
Deposits,
22,992 01
Earnings undivided, .
Guaranty fund, .
75,500 00

A ssets .

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Railroad notes,
Real estate.................................
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Loans on bank books,
Deposit in banks, on interest, .
Cash on hand, . . . .

$2,216,864 32

$305,200
900
45,500
27,113
350.000
175.000
27,582
3,050
801,184
298,115

00
00
00
70
00
00
40
00
31
00

25,000
825
154,911
2,482

00
00
53
38

$2,216,864 32

Loan on Public Funds : —
On $1,000 United States 4 s , ............................................................................$900 00
Loans on Bank Stock, amount on each: —
On 66 shares Northampton National B a n k ,............................................ $5,800
On 109 shares First National Bank, N orth am p ton ,.............................9,013
On 3 shares Hampshire County National Bank, Northampton, .
.
.
On 10 shares Ware National Bank, W a r e , .........................................
1,000
On 100 shares First National Bank, E a sth a m p to n ,........................
10,000
On 5 shares Williamston National B a n k , ........................................
400
On 10 shares Bath National Bank, Bath, M e . , ................................
600

00
70
30000
00
00
00
00

Invested in real estate (for banking p u r p o s e s ) ...................................$27,582
Estimated value of the same, .
27,582
Amount of real estate held by foreclosure, .
................................
3,050
Assessed value of the s a m e ,.................................................................
2,450
Amount of income received from the same,........................................
140
Amount of municipal tax on real e s t a t e , ........................................
296

40
40
00
00
00
58

Cash on Deposit in Banks, amount in each : —
Northampton National Bank, N o r t h a m p t o n ,...................................$91,010
First National Bank, N o rth a m p to n ,.................................................
8,146
Hampshire County National Bank, N o r th a m p to n ,........................
754
Chapin National Bank, S p r in g fie ld ,.................................................. ........
20.000
Springfield Safe Deposit and Trust C o m p a n y ,................................
20,000
Vermont National Bank, Brattleboro, Vt...............................................
15,000

36
23
94
00
00
00

Whole amount of interest or profits received or earned,
. . . .
$107,131 72
Rate and amount of each semi-annual dividend for pre-1 2 per cent., f 40,225 32
vious year........................................................................ J 2 per cent., 1
40,66625


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

265

D O C U M E N T — N o. 8.

Times for the dividends, fixed by the by-laws : first Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7.
Date of the last extra dividend: 1870.
The total amount of loans, with each specified rate of interest: $25,000, 3^
per cent.; $5,500, 4 per cent.; $50,000, 4J per cent.; $327,900, 4£ per
cent.; $669,823.01, 5 per cent.; $74,915, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
. 331
each................................ ..................................................................
$379,790 01
Aggregate amount of the s a m e , .......................................... ........
Number of open a c c o u n ts ,...........................................................5,750
Number and amount of deposits (including dividends) received for pre369,607 42
vious y e a r , ................................................................................... 4,207
Number and amount of deposits of and exceeding $300 at any one time,
91,250 65
. 208
for the previous y e a r ,...................................................................
3,460
310,771 11
Number and amount of withdrawals, .
.
.
.
.
.
. 705
Number of accounts opened the previous year...............................
. 623
Number of accounts closed the previous year,
.
.
5,060 93
Amount of expenses of the corporation during the previous year,
25,000 00
Amount of treasurer’s b o n d ,..........................................................
.
Date of examination by commissioner: May 11.
P ublic Fu n d s .

United States 4s*
.
City of Meriden (Conn.) bonds,
of Milwaukee (Wis.) bonds, .

Par Value.

Estimated
Market Value.

Amount Invested.

$210,000
60,000
9,000

$269,8.50 00
65,000 00
10,530 00

$236,200 00
60,000 00
9,000 00

$279,000

$345,380 00

$305,200 00

B a n k St o c k .

Northampton N’l B’k, Northampton,
First Nat’l Bank, Northampton,
City Nat’l Bank, Worcester, .
Atlantic Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Exchange Nat’ l Bank, Boston,
First Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State Nat'l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Washington Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
1,600
4,000
1,000
5,300
1,500
1,000
3,000
2,000
2,700
3,400
2,600
1,700
1,700
2,000
2,000

$16,500
2,080
4,720
1,330
6,413
1,905
1,320
6,360
2,800
2,835
5,236
3,094
1,989
1,683
2,500
2,040

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1 0 ,0 0 0 00
1,600 00
4,000 00
1.000 00
5,300 00
1,500 00
1,000 00
3,000 00
2,000 00
2,700 00
3,400 00
2,600 00
1,700 00
1,700 00
2,000 00
2,000 00

$45,500

$62,805 00

$45,500 00

266

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

R a ilr o a d B on ds .

Par Value.

Boston
Boston
Boston
Boston

&
&
&
&

Albany R R. 6s,
Albany R.R. 7s,
Maine R.R. 7s,
Lowell R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$40,000
200,000
70.000
40.000
$350,000

Estimated
Market Value.

$47,200
234,000
82,950
46,400

00
00
00
00

$410,550 00

\

Amount Invested.

$40,000
200,000
70.000
40.000

00
00
00
00

$350,000 00

P U B L IC

1 8 8 7 .]

267

D O C U M E N T — N o. 8

NORTH ADAMS SAVINGS BANK — NORTH ADAMS.
Incorporated 1848. Number of corporators, 39.
V. A . W

C. T . Sampson , P resid en t.

h it a k e r ,

T reasurer.

S tatem ent.

A ssets .

L ia b il it ie s .

Deposits, .
$1,448,197 03
10,000 00
Earnings undivided, .
26,500 00
Guaranty fund, .
1,580 00
State tax, .

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Loans on bank books,
Deposit in banks, on interest,.
Deposit in banks, not on in­
terest.......................................
Expense account,
Interest account,
Cash on hand, . . . .

$1,486,277 03

$201,089
40,900
17,600
10,000
38,425
711,453
291,329

68
00
00
00
86
24
13

133,063 63
4,086 03
13,117 08
9,492
513
13,262
1,943

82
38
60
58

$1,486,277 03

Loans on Bank Stock, amount on each: —
On 125 shares Adams National Bank, North Adam s,..................................$11,700 00
On 25 shares Pittsfield National Bank, Pittsfield.............................................
2,500 00
On 34 shares First National Bank, Stamford, Conn........................................
3,400 00
Invested in real estate (for banking p u r p o se s),..........................................$38,425 86
Estimated value of the same,...........................................................................
38,425 86
395 37
Amount of municipal tax on real e s t a t e , ..................................................
Cash on Deposit in Banks, amount in each : —
National Bank of the Commonwealth, Boston................................................. $12,611 88
Maverick National Bank, Boston......................................................................
505 20
Adams National Bank, North Adam s,...........................................................
5,104 46
Berkshire National Bank, North A d a m s , ..........................................
.
4,388 36
Whole amount of interest or profits received or earned..................................$68,955 16
Rate and amount of each semi-annual dividend for previous ? 2 per cent., f
25,251 62
y e a r , ................................................................................... >2 per cent., < 26,486 51
Times for the dividends, fixed by the by-laws : April 1 and October 1.
The total amount of loans, with each specified rate of interest: $137,009.66,
4 per cent.; $67,400,4£ per cent.; $589,850,5per cent.; $363,272 37, 6
per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .................................................................................................... 280
Aggregate amount of the s a m e , ...................................................................
270,647 51
Number of open a c c o u n t s ,.......................................................... 4,842
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,...................................................................................
6,716
530,501 84


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

268

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan

Number and amount of deposits of and exceeding $300 at any one time,
for the previous year.............................................................................. 347 $211,916 14
Number and amount of withdrawals,..........................................
3,834 376,084 31
Number of accounts opened the previous year...............................1,298
Number of accounts closed the previous y e a r , ..................................811
Amount of expenses of the corporation during previous year,
Amount of treasurer’s b on d ,..................................................
Date of examination by commissioner : April 21.
P ublic F un ds .

Par V alue.

United States 4s,
. . .
United States 4^s, .
.
.
.
City of Norwich, Conn., .
of Cleveland, Ohio,.
of Dayton, Ohio,
of Providence, R. I.,
of Fall River, .
.
.
.
of Lowell,
.
.
.
.
of Terre Haute, Ind.,
of Cambri dge, .
.
.
.
of Portland, Me.,
of Bangor, Me.,
of L y n n ,.....................................
of New Bedford,
Town of Adams,
.
.
.
.
of North Adams, .

$50,500
5,000
25,000
25,000
20,000
18,000
11,000
10,000
10,(00
5,000
5,000
5,000
1,000
1,000
3,000
1,500
$196,000

Estimated
Market Value.

$64,640
5,550
26,750
31,500
21,200
21,240
14,300
10,800
1 0 ,8 0 0
5,800
6,250
6,000
1,160
1,170
3,150
1,530

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$231,840 00

Amount Invested.

$50,500
5,000
25,000
30,089
20,000
18,000
11,000
10,000
*10,000
5,000
5,000
5,000
1,"00
1,000
3,000
1,500

00
00
00
68
00
00
00
00
00
00
00
00
00
00
00
00

$201,089 68

B a n k St o c k .

Adams Nat’l Bank, North Adams, .
Lee Nat’l Bank, Lee,
Pittsfield Nat’l Bank, Pittsfield,
Berkshire Nat’l B’k, North Adams, .
First Nat’l Bank, Adams,

00
00
00
00
00

$26,500
1,400
5,000
2,000
6,000

00
00
00
00
00

$26,500
1,400
5,000
2,000
6,000

$37,100
2,100
8,000
2,000
9,000

$40,900

$58,200 00

$40,900 00

$10,350 00

$ 10,000 00

R a il r o a d B on ds .

Fitchburg R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 10,000

* This bank has been notified that this investment is illegal.

1 8 8 7 .]

P U B L IC

269

D O C U M E N T — N o. 8.

NORTH AVENUE SAVINGS BANK — CAMBRIDGE.
Incorporated 1872.
S a m u el F. W

ood brid g e ,

Number of corporators, 35.
M ilton L. W alton , T reasurer.

P resid en t.
State m e n t.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Suspense, .

$150,177
1,389
2,354
2,092

07
66
67
49

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loan on bank stock,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in bank, on interest, .
Cash on hand, . . . .

$156,013 89

$4,986
450
2,700
200
2,797
95,280
41,600
7,347
652

04
00
00
00
26
00
00
81
78

$156,013 89

Loans on Public Funds: —
On $450 United States 4s.................................................................................... $450 00
Loan on bank stock : —
On 3 shares Third National Bank, Springfield........................................................... $200 00
Amount of real estate held by foreclosure,.........................................
Assessed value of the s a m e ,...........................................................................
Amount of income received from the sa m e ,..................................................
Amount of municipal tax on real e s t a t e , ..................................................

$2,797
3,700
312
55

26
00
00
50

Cash on Deposit in Bank : —
Howard National Bank, B o s t o n ,................................................................... $7,347 81
Whole amount of interest or profits received or earned,
.
.
.
Rate and amount of each semi-annual dividend for pre-) 2 per cent, f
vious y e a r , ...................................................................J 2 per cent, 1
Times for the dividends, fixed by the by-laws : January 10 and July 10.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend, 5.
Date of the last extra dividend : Jan. 10, 1886.
The total amount of loans, with each specified rate of interest: $27,000, 5
per cent.; $28,400, 5£ per cent.; $77,080, 6 per cent.; $4,850, 6£ per cent.;
$200, 7 per cent.
Number of outstanding loans which are of an amount not exceceding
$3,000 e a c h ,...........................................................................................44
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n t s ,.........................................
887
Number and amount of deposits (including dividends) received for pre­
vious y e a r , .............................................................................................1,138
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year.............................................................................. 49
Number and amount of withdrawrals,, .
.
.
.
.
.
.
455


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$6,338 14
2,352 59
2,532 76

61,730 00

69,455 47
27,953 33
44,055 02

270

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number of accounts opened the previous y e a r , ..................................182
Number of accounts closed the previous y e a r , ..................................69
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner: March 24.

$900 53
5,000 00

P ublic F un ds .

Estimated
Market Value.

Par Value.

United States 4s,

.

.

$5,000

.

Amount Invested.

$6,425 00

$4,986 04

$2,850 00

$2,700 00

B a n k St o c k .

First Nat’l Bank, Marlborough,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,000

I

1 8 8 7 .]

P U B L IC

271

D O C U M E N T — N o. 8

NORTH BROOKFIELD SAVINGS BANK — NORTH BROOKFIELD.
Incorporated 1854. Number of corporators, 28.
S. S. E d m a n d s , P resid en t.

B onum N y e , Treasurer.
State m e n t.

A ssets .

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$527,949 61
1,111 20
16,983 71

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Loans on real estate,
Loans to counties, cities or
tow n s,..................................
Deposit in banks, on interest, .
Expense account, .
Furniture,
. . . .
Cash on hand, .
.
.
.

$546,044 52

$79,500*00
1,400 00
127,000 00
324,347 00
12,000
1,293
23
203
276

00
35
90
67
60

$546,044 52

Cash on Deposit in Banks, amount in each : —
Maverick National Bank, Boston,...................................................................$720 76
First National Bank, W orcester,...................................................................
572 59
Whole amount of interest or profits received or earned,
. . . .
$28,042 40
Rate and amount of each semi-annual dividend for previous 1 2£ per cent., f 11,135 38
y e a r , ....................................................................................J2 per cent., !
9,631 92
Times for the dividends, fixed by the by-laws : January and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5|.
Date of the last extra dividend : Jan. 1,1870.
The total amount of loans, with each specified rate of interest: $2,000, 3J
per cent.; $10,000, 4 per cent.; $324,347, 5£ per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,.......................................................................................... 197
Aggregate amount of the s a m e , ...................................................................
195,947 00
Number of open a c c o u n ts ,...........................................................1,848
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
1,555 130,454 93
Number and amount of deposits of and exceeding$300 at any one time,
for the previous y e a r ,........................................................................ 62
34,752 97
Number and amount of withdrawals,......................................... ........ 710
67,499 94
Number of accounts opened the previous y e a r , ............................... 271
Number of accounts closed the previous y e a r , ............................... 136
Amount of expenses of the corporation during previous year, .
.
.
1,205 84
Amount of treasurer’s b o n d ,.................................................. ........
14,000 00
Date of examination by commissioner : March 2.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

272

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

P ublic F un d s .

Par Value.

State, city and town bonds: —
State of Maine,
.
.
.
of New Hampshire,
City of Boston,
.
.
.
of Providence, R. I.,
of Portsmouth, N. H.,
of Cambridge,.
of Salem,
.
.
.
of Milwaukee, Wis.,
of South Norwalk, Conn.,
of Springfield, Ohio,
Town of Beverly, .
.
.
of Woburn, .
.
.

.
.

.

.
.

Estimated
Market Value.

Amount Invested.

$17,000
1,500
16,000
7,000
5,000
2,000
2,000
1,000
5,000
8,000
3,000
12,000

$18,105
1,895
19,342
8,470
5,875
2,325
2,380
1,120
5,950
9.223
3,120
13,440

$79,500

$91,245 50

$79,500 00

$1,000
400

$1,272 50
480 00

$1,000 00
400 00

$1,400

$1,752 50

$1,400 00

00
00
50
00
00
00
00
00
00
00
00
00

$17,000
1,500
16,000
7,000
5,000
2,000
2.000
1,000
5,000
8,000
3,000
12,000

00
00
00
00
00
00
00
00
00
00
00
00

B a n k St o c k .

Flint Nat’l Bank, Boston,
Ware Nat’l Bank, Ware, .

R a il r o a d B onds .

Boston & Albany R.R., .
Eastern R . R . , .....................................
Boston & Maine RR .,
.
Old Colony R.R.,
.
.
.
.
Boston & Providence R.R.,
Boston, Clinton, Fitchburg & New
Bedford R.R.,
.
.
.
.
Boston & Lowell R.R.,
Conn. & Passumpsic Rivers R.R., .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

•

$31,000
27,000
31,000
8,000
8,000

$36,555
34,627
37,210
9,600
9,520

00
50
00
00
00

$31,000
27,000
31,000
8,000
8,000

00
00
00
00
00

5,000
7,000
10,000

5,800 00
8,102 50
11,800 00

5,000 00
7,000 00
10,000 00

$127,000

$153,215 00

$127,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

273

NORTH EASTON SAYINGS BANK — EASTON.
Incorporated Feb. 8, 1864.

Number of corporators, 29.

F r e d e r ic k L . A m es , P resid en t.

P ar d o n A . G iffo r d , Treasurer.
S ta t em en t .

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$490,765 28
3,761 48
12,700 00

Public funds..............................
Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on reai estate,
Loans on personal security, .
Deposit in banks, on interest, .
Deposit in banks, not on inter­
.................................
est,
Expense account, .
Cash on hand, . . . .

$507,226 76

$64,960
108,789
7,000
8.836
264*159
40,550
12,579

19 13
6 00
327 11
$507,226 76

Amount of real estate held by foreclosure....................................................... .........
Assessed value of the s a m e ,...........................................................................
7,600
Amount of income received from the same......................................................
402
Amount of municipal tax on real e s t a t e , ................................. ........
142
Cash on Deposit in Banks, amount in each: —
First National Bank, Easton, ...........................................................................
National Bank of the Commonwealth, Boston................................................

00
26
00
48
66
00
12

48
00
37
88

13
12,579 12

Whole amount of interest or profits received or earned................................. $26,683 88
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
8,815 08
y e a r , ................................................................................... 12 per cent., 1
9,146 32
Times for the dividends, fixed by the by-laws: April 15 and October 15.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend, 5^Vo •
Date of the last extra dividend: April 15, 1884.
The total amount of loans, with each specified rate of interest: $31,500,
4J per cent.; $72,442.66, 5 percent.; $18,800, 5£ per cent.; $181,617, 6
per cent.; $400,6J per cent.; $1,450, 7 per cent.; $ 1 , 4 5 0 , per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 ea ch ,...............................................................................................151
Aggregate amount of the s a m e , ..................................................................
148,317 00
Number of open a c c o u n t s ,.......................................................... 1,555
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...................................................................................
1,250
122,111 88
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...........................................................................
87
47,465 91
Number and amount of withdrawals,................................. ;
591
77,952 32
Number of accounts opened the previous y e a r , ................................. 277
Number of accounts closed the previousy e a r , ....................................135
Amount of expenses of the corporation during previous year, . . .
918 60
Amount of treasurer’s b o n d ,...........................................................................
10,000 00
Date of examination by commissioner: May 8.
__,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

274

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

P ublic F unds .

Par Value.

Estimated
Market Value.

Amount Invested.

\
City and town bonds : —
City of Bangor, Me.,
of Bath, Me., .
.
.
of Columbus, Ohio,
of Dayton, Ohio,
Town of Beverly, .
.
.
of Greenfield,
of Montague,
of Marlborough, .
of Stoughton,

$8,000
2,000
6,000
6,000
15.000
10.000
10,000
1,000
8,000

.
.

$66,000

$9,440
2,000
6,300
6,120
15,900
10.500
10.500
1,070
8,000

00
00
00
00
00
00
00
00
00

$69,830 00

$6,960
2,000
6,000
6,000
15.000
10.000
10,000
1,000
8,000

00
00
00
00
00
00
00
00
00

$64,960 00

B a n k St o c k .

Nat’l City Bank, Lynn, .
Neponset Nat’l Bank, Canton,
Bristol County Nat’l Bank, Taunton,
Taunton Nat’l Bank, Taunton,
First Nat’l Bank, Easton,
Traders’ Nat’l Bank, Boston, .
Shoe & Leather Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
City Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
New England Nat’l Bank, Boston, .
Eagle Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston, .
Market Nat’l Bank, Boston,
Hide & Leather Nat’l B’k, Boston, .
Tremont Nat’l Bank, Boston, .

$6,600
7,500
3,800
700
10,000
3,000
2,500
2,500
2,500
2,500
2,500
2,500
9,000
2,500
5,000
7,800
2,500
2,000
3,800
5,700
2,500
5,000
2,500

$10,560 00
9,675 00
5,814 00
1,106 00
13,000 00
2,970 00
2,525 00
2,400 00
2,525 00
2,925 00
3,325 00
2,975 00
12,060 00
3,125 00
5,950 00
7,800 00
3,575 00
2,160 00
4,750 00
7,068 00
2,275 00
5,900 00
2,550 00

$9,578 25
8,100 00
4,560 00
920 50
10,500 00
2,880 00
2,375 00
2,375 00
2,765 63
2,693 75
3,750 00
2,878 13
10,485 00
2,950 00
5,800 00
8,658 00
3,325 00
2,180 00
4,789 00
6,726 00
2,300 00
5,500 00
2,700 00

$94,900

$117,013 00

$108,789 26

$6,000
1,000

$6,120 00
1,130 00

$6,000 00
1,000 00

$7,000

$7,250 00

$7,000 00

R a ilr o a d B onds .

Boston & Lowell R.R., .
Old Colony R.R.,
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

275

NORTH END SAVINGS BANK — BOSTON.
Incorporated Feb. 17, 1870. Number of corporators, 25.
T h o m a s L . J e n k s , P resid en t.

H e r b e r t C . W e l l s , Treasurer.
Statem ent.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$541,141 19
10,753 62
12,300 00

Public funds, . . . .
Bank stock,
.
.
.
.
Loan on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest,.
Expense account, .
Vault and furniture,
Cash on hand............................

$564,194 81

Loan on Bank Stock : —

$505
115,429
800
24,492
363,998
12,150

00
14
00
50
00
00

8,500
35,000
1,087
2,000
232

00
00
33
00
84

$564,194 81

,

On 10 shares Wyndham Co. National Bank, Brooklyn, Conn., .

.

.

$800 00

Cash on Deposit in Banks, amount in each: —
Metropolitan National Bank, Boston.................................................................*$28,000 00
National Security Bank, Boston, .
...........................................................
7,000 00
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
y e a r , ................................................................................... J 2 per cent.. (
Times for the dividends, fixed by the by-laws: January 1 and July 1.
The total amount of loans, with each specified rate of interest: $8,500,
3 9-10 per cent.; $147,850, 5 per cent.; $69,900, 5£ per cent.; $120,648, 6
per cent.; $700, 6£ per cent.; $19,200, 7 per cent.; $1,150, 7 3-10 per
cent.; $5,700, 7£ per cent.; $11,800, 8 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................... ........
115
Aggregate amount of the same..........................................................................
Number of open a c c o u n t s ,.......................................................... 1,802
Number and amount of deposits (including dividends) received for previous
y e a r , .......................................... ' .............................................
2,392
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,....................................................................... 192
Number and amount of withdrawals...............................................
1,502
Number of accounts opened the previous y e a r , ............................... 501
Number of accounts closed the previous y e a r , ............................... 180
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s bon d ,...........................................................................
Date of examination by commissioner: February 2.
* This hank has been notified that this deposit exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$26,346 14
8,703 79
9,392 80

167 648 00

227,223 82
115,512 00
150,054 73

5,226 51
10,000 00

276

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

P ublic F u n d s .

Par Value.

Village of St. Albans, Vt., 5s,.

$500

Estimated
Market Value.

$505 00

Amount Invested.

*$505 00

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Chelsea Nat’l Bank, Chelsea, .
Commerce Nat’l Bank, Boston,
Commonwealth Nat’l B’k, Boston, .
Eagle Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Faneuil Hall Nat’l Bank, Boston, .
First Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hide & Leather Nat’l B’k, Boston, .
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Metropolitan Nat’l Bank, Boston, .
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .

$5,400
2,400
6,600
5,000
2,500
500
8,500
3,800
2,000
200
2,000
4,400
2,500
1,000
2,400
8,800
2,000
1,400
4,500
1,100
5,200
250
400
3,400
2,500
3.700
4,600
1,000
1,800
2,500
500
2,600
600
300
196,350

$6,453
2,880
6,699
6,250
3,175
590
9,180
4,826
2,000
268
4,200
4,400
2,375
1,190
2,820
8,008
1,900
1,953
5,085
1,578
6,994
300
500
4,216
3,750
4,403
4,669
1,170
1,989
2,475
500
2,665
828
306

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$6,287
2,892
7,394
5,767
3,111
660
9,577
4,504
2,000
270
3,970
4,411
2,502
1,197
2,775
8,994
2,011
2,040
5,210
1,614
7,030
305
501
4,390
4,005
4,517
5,805
1,237
2,137
3,237
544
3,360
847
317

50
50
62
42
87
00
25
37
00
50
00
00
25
50
00
24
25
50
00
25
50
62
00
12
50
50
00
50
25
76
37
25
50
25

$110,595 50

$115,429 14

$20,000
4,000

$23,950 00
4,280 00

$20,212 50
4,280 00

$24,000

$28,230 00

$24,492 50

R ailro ad B onds .

Boston & Maine R.R. 7 s,.
Maine Central R.R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* This bank has been notified that this investment is illegal.

1 8 8 7 .]

P U B L IC

277

D O C U M E N T — N o. 8

NORTH MIDDLESEX SAYINGS BANK — AYER.
Incorporated March 11, 1885. Number of corporators, 24.
B e n j . H . H a r t w e l l , P resid en t.

H.

E.

S p a u l d i n g , T reasurer.

Statem ent.

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

A ssets .

$55,338 73
112 17
74 57

Loans on bank stock,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in bank, on interest, .
Expense account, .

$55,525 47

$2,000 00
28,200 00
*19,595 00
2,500 00
3,127 58
102 89
$55,525 47

Loans on Bank Stock, amount on each : —
On 10 shares First National Bank, Winchendon,................................$1,000
On 13 shares First National Bank, A y e r , .................................
1,000

00
00

Cash on Deposit in Bank: —
First National Bank, Ayer.....................................................................*$3,127

58

Whole amount of interest or profits received or earned,. . . .
Rate and amount of each semi-annual dividend for previous ? 2 percent., I
y e a r , ...........................................................................>2 per cent., 1
Times for the dividends, fixed by the by-laws: January 5 and July 5.
The total amount of loans, with each specified rate of interest: $25,820, 5
per cent.; $9,000, 5J per cent.; $17,475, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,...........................................................................
32
Aggregate amount of the s a m e , ..................................................................
Number of open a c c o u n ts ,...................................................................356
Number and amount of deposits (including dividends) received for pre­
949
vious year..............................................
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,........................................................................... 35
Number and amount of withdrawals,.................................................. 148
Number of accounts opened the previous y e a r , ................................. 268
Number of accounts closed the previous y e a r , ................................. 57
Amount of expenses of the corporation during previous year, . . .
Amount of treasurer’s bond.....................................................................
.
Date of examination by commissioner : September 2.

$1,048 65
272 37
540 05

40,175 00

50,483 78
20,160 74
12,474 93

87 98
10,000 00

* These amounts have since been reduced within the limit provided by statute.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

B A N K C O M M IS S IO N E R S ’ R E P O R T .

278

[Jan

ORANGE SAYINGS BANK — ORANGE.
I

Incorporated 1871. Number of corporators, 120.
John W . W

h eeler,

P resid en t.

W

ahren

M. K in g , Treasurer.

Statem ent.

A ssets .

L ia b il it ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$445,847 42
5,638 43
8,000 00

Public funds, . . . .
Bank stock,
.
.
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, on interest, .
Expense account, .

$459,485 85

$31,355
37,450
6,750
44,080
233,963
83,515

00
00
00
00
70
00

6,500 00
15,594 79
277 36
$459,485 85

Loans on Bank Stock, amount on each : —
On 22 shares Orange National Bank, O r a n g e , .......................................... $2,000 00
On 50 shares Franklin County National Bank, Greenfield.............................*4,750 00
Cash on Deposit in Bank : —
Orange National Bank, O r a n g e ,................................................................... $15,594 79
Whole amount of interest or profits received or earned,
. . . .
$21,351 36
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f
7,873 03
y e a r , ................................................................................... 12 per cent., l
8,301 97
Times for the dividends, fixed by the by-laws: February 1 and August 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4|f.
Date of the last extra dividend: August 1, 1875.
The total amount of loans, with each specified rate of interest: $6,500, 4£
per cent.; $308,213.70, 5 per cent.; $16,015, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 215
Aggregate amount of the s a m e , ...................................................................
158,628 70
Number of open a c c o u n ts ,...........................................................1,999
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
1,649
122,36786
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y ea r,............................................................................
92
45,10859
N u m b er and amount of withdrawals,..........................................
1,034
90,51821
Number of accounts opened the previous y e a r , ..................................374
Number of accounts closed the previous y e a r , ......................................221
Amount of expenses of the corporationduring previous year, . . .
95065
Amount of treasurer’s bon d ,...........................................................................
20,000 00
Date of examination by commissioner : October 18.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

A deposit book is held as additional security.

1 8 8 7 .]

P U B L IC

279

D O C U M E N T — N o. 8.
Public F un d s .

Par Value.

City and town bonds : —
City of Manchester, N. H., 4s,
of Auburn, Me., 6 s ,.
of Lynn 6s,
of Gardiner, Me., 4s,
Town of Brockton 5s,

Estimated
Market Value.

$15,000
1,100
3,000
6,000
5,000

$16,200
1,166
3,600
6,360
6,200

$30,100

$33,526 00

00
00
00
00
00

Amount Invested.

$15,375
1,100
3.390
6,090
5,400

00
00
00
00
00

$31,355 00

B a n k St o c k .

$1,000
1,000
300
400
1,500
500
300
6,500
400
2,000
500
2,000
1,000
1,100
3,000
2,500
10,000
$34,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

7,781
400
1,882
570
2,000
1,220
1,122
3,300
2,600
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$41,932 00

1 O
I lO
r*
l -T
CO

First Nat’l Bank, Springfield, .
Third Nat’l Bank, Springfield,
Union Market Nat’l B’k, Watertown,
First Nat’l Bank, Chelsea,
Atlas Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston,
First Ward Nat’l Bank, Boston,
Hide & Leather Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
North Nat’l Bank, Boston,
North America Nat’l B’k, Boston, .
Tremont Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
Orange Nat’l Bank, Orange, .

00

$11,600
1,150
11,500
19,830

00
00
00
00

$1,600
1,900
414
480
1,800
665
327
8,255
400
2,540
590
1,920
1,340
1,166
3,060
2,575
12,900

$1,470
1,750
360
460
1,755
580
200

R ailr o ad B onds .

Boston & Albany R.R. 6s,
Old Colony R.R. 6s,
. . .
Conn. & Passumpsic Rivers R.R. 7s,
Fitchburg R.R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
1,000
10,000
18,000

$12,000
1,200
12,000
20,800

00
00
00
00

$39,000

$46,000 00

$44,080 00

280

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

PALMER SAYINGS BANK — PALMER.
Incorporated 1870. Number of corporators, 40.
C. L.

L . E. M

G a r d n e r , P resid en t.

oore,

Treasurer.

St atem en t.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$807,547 86
3,659 69
15,000 00

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Loans on savings bank books,
Deposit in bank, on interest, .
Expense account, .
Cash on hand, . . . .

$826,207 55

$40,000
57,935
5,800
72,970
18,100
135
428,885
160,374

00
00
00
00
00
00
35
74

6,692
1,614
30,000
924
2,775

88
58
00
43
57

$826,207 55

Loans on Bank Stock, amount on each : —
On 10 shares Palmer National Bank, P a l m e r , ..........................................
On 55 shares Stafford National Bank, Stafford Springs, Ct.,
Invested in real estate (for banking pu rp o ses),..........................................
Estimated value of the same,...........................................................................
Amount of real estate held by foreclosure,...................................................
Assessed value of the same, ............................................................................
Amount of income received from the same,...................................................
Amount of municipal tax on real e s t a t e , ..................................................

$800 00
5,000 00

00
00
00
00
8 10

$18,100
18,100
135
400

133 63

Cash on Deposit in Bank: —
Palmer National B a n k ,....................................................................................

$30,000 00

Whole amount of interest or profits received or earned,
. . . .
$40,867 15
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 14,548 18
14,855 94
y e a r , ................................................................................... J 2 per cent., 1
Times for the dividends, fixed by the by-laws : January 1 and July 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6|.
Date of the last extra dividend: July 1, 1876.
The total amount of loans, with each specified rate of interest: $37,180,
4 per cent.; $239,710.21,5 percent.; $40,015, 5^ per cent.; $282,157.34,6
per cent.; $3,555, 6£ per cent.; $750, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each...................................................................................................346
326,742 55
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,................................................................... 2,400
Number and amountof deposits (including dividends) received for pre­
209,825 91
vious y e a r ,
1,990


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887.]

P U B L IC

281

D O C U M E N T — N o. 8.

e,
Number and amount of deposits of and exceeding $300 at any one tim
time,
. 146
for the previous y e a r ,...........................................................
1,332
Number and amount of withdrawals,..................................
. 503
Number of accounts opened the previous year, .
.
*
. 335
Number of accounts closed the previous year,
Amount of expenses of the corporation during previous year,
Amount of treasurer’s bond,..................................................
Date of examination by commissioner : March 12.

$89,529 48
156,017 26

2,353 89
20,000 00

P ublic F unds .
Estimated
Market Value.

Amount Invested.

$20,000
10,000
10,000

$20,200 00
10,100 00
9,700 00

$20,200 00
10,100 00
9,700 00

$40,000

$40,000 00

$40,000 00

Par Value.

City of Bridgeport, Conn., 3^s,
of Lynn 3|s.................................
County of Hampden 3s, .

B a n k St o c k .

Eliot Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,
Nat’l Bank of Commerce, Boston, .
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Brockton Nat’l Bank, Brockton,
Wai'e Nat’l Bank, Ware, .
Monson Nat’l Bank, Monson, .
Agawam Nat’l Bank, Springfield, .
Chapin Nat’l Bank, Springfield,
Palmer Nat’l Bank, Palmer, .

$5,000
1,000
2,300
2,500
2,000
1,000
700
3,300
5,100
5,000
22,000

$6,350
1,050
2,921
2,925
2,210
1,120
875
4,455
6,750
6,630
25,300

00
00
00
00
00
00
00
00
00
00
00

$6,250
1,000
2,835
2.925
2.200
1,000
875
4,125
6,375
6,350
24,000

00
00
00
00
00
00
00
00
00
00
00

$60,586 00

$57,935 00

$20,000
20,000
18,000
10,000

$23,300
21,200
19,170
13,000

$23,300
20,500
19,170
10,000

$68,000

$76,670 00

$49,900

R a ilr o a d B onds .

Boston & Albany R.R. 7s,
Fitchburg R.R. 4s, .
Boston & Maine R.R. 4 s ,.
Eastern R.R. 6s,
. . .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00

00
00
00
00

$72,970 00

282

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

PEOPLE’S SAYINGS BANK — HOLYOKE.
Incorporated 1885. Number of corporators, 38.
W

m.

F. H. C h a m b e r l i n , T rea su rer.

S k in n e r , P resid en t.
Statem ent.

A ssets .

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$91,060 26
831 75
125 90

Loans on bank stock,
Loans on real estate,
Loans on personal security, .
Deposit in bank, on interest, .
Expense account, .
Cash on hand, . . . .

$92,017 91

$2,875
58,340
19,058
9,915
483
1,345

00
00
75
52
13
51

$92,017 91

Loans on Bank Stock, amount on each: —
On 10 shares Home National Bank, H o l y o k e , .......................................... $875 00
On 25 shares Franklin County National Bank, Greenfield, .
.
.
.
2,000 00
Cash on Deposit in Bank: —
Home National Bank, H o l y o k e ,................................................................... *$9,915 52
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 1 2 per cent., J
year,
. . .
.................................................. J 2 per cent., 1
Times for the dividends, fixed by the by-laws: May and November.
The total amount of loans, with each specified rate of interest: $80,273.75,
5 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .................................................................................................... 21
Aggregate amount of the same..........................................................................
Number of open accounts.......................................................................... 314
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................ 803
Number and amount of deposits of and exceeding $300 at any one time,
73
for the previous y e a r ,.................................................
Number and amount of withdrawals,.................................................. 293
Number of accounts opened the previous y e a r ,..................................... 253
Number of accounts closed the previous y e a r , ....................................... 75
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner: June 15.

$3,437 03
247 40
964 10

32,025 00

82,811 29
47,124 00
29,19959

28299
5,000 00

* This bank was notified that this amount exceeded the legal limit, and correction has been
made.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887.]

P U B L IC

283

D O C U M E N T — N o. 8.

PEOPLE'S SAYINGS BANK — WORCESTER.
Incorporated May 3, 1864. Number of corporators, 202.
S a m u e l R . H e y w o o d , P resid en t.

C h a r l e s M . B e n t , Treasurer.
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits, .
$4,506,979 27
68,221 64
Earnings undivided, .
Guaranty fund, .
104,305 48
Dividends unpaid,
73,630 02
Suspense account,
1,628 81

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Loan on railroad bonds, .
Real estate,
. . . .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Expense account, .
Rent account, . . . .
Cash on hand, . . . .

$4,754,765 22

$475,021
10,000
825,058
400
511,350
500
87,609
1,685,596
1,033,085

00
00
00
00
00
00
60
76
00

54,451 00
53,822 55
5,000
2,373
24
10,472

00
92
75
64

$4,754,765 22

Loan on Public Funds: —
On $10,000 United States 4s............................................................................... $10,000 00
Loan on Bank Stock: —
On 5 shares First National Bank, B a r r e , .................................................. $400 00
Loan on Railroad Bonds : —
On $1,000 Boston and Maine 7s................................................................ ........

$500 00

Invested in real estate (for banking p u r p o se s),.......................................... $87,609 60
Estimated value of the same,...........................................................................
95,000 00
977 40
Amount of municipal tax on real e s t a t e , ..................................................
Cash on Deposit in Banks, amount in each: —
Central National Bank, Worcester................................................................... $39,981 09
National Bank of the Republic, B o s t o n , .................................................. 18,841 46
Whole amount of interest or profits received or earned,
. . . .
$209,952 05
Rate and amount of each semi-annual dividend for previous ) 2 per cent., j 82,599 22
y e a r , ................................................................................... 12 per cent., 1
85,695 20
Times for the dividends fixed by the by-laws: February 1 and August 1.
The total amount of loans, with each specified rate of interest: $25,000,
3J per cent.; $558,051, 4 per cent.; $180,900, 4} per cent.; $25,000, 4f
per cent ; $200,500, 4i| per cent.; $25,000, 4§ percent.; $1,567,561.76, 5
per cent.; $1,000, 5£ per cent.; $201,020, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each............................................................................................... 546
Aggregate amount of the s a m e , ..................................................
.
785,426 60


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

284

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T

Number of open a c c o u n ts ,................................................................. 11,637
Number and amount of deposits (including dividends) received for pre­
vious y e a r , .......................................................................................... 10,401
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .............................................................................. 621
Number and amount of withdrawals,..........................................
6,825
Number of accounts opened the previous year, . . . .
1,969
Number of accounts closed the previous year, . . . .
1,222
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : October 13.

$932,759 11
353,725 65
653,131 67

10,325 27
30,000 00

P ublic F un d s .

Par Value.

United States 4^s, .
District of Columbia 6s, .
County of Merrimack, N. H., 6s,
of Strafford, N. H., 6s,
of Strafford, N. H., 4s,

,
,

City and town bonds : —
City of Portsmouth, N. H., 4s,
of Dover, N. H., 6s,
of Manchester, N. H., 6s,
of Scranton, Pa., 7s,
of Scranton, Pa., 6s,
of Scranton, Pa., 5s,
of Indianapolis, Ind., 7-30s,
of Indianapolis, Ind., 6s,
of Columbus, Ohio, 6s, .
of Cleveland, Ohio, 6s, .
of Providence, R. I., 5s, .
of Norwich, Conn., 5s, .
of Worcester 4s,
of Charlestown 6s, .
Town of Beverly 4s,
of Westborough 5s,
of Dalton, Fire District, 4s,

Estimated
Market Value.

Amount Invested.

$115,000
63,000
2,500
600
10,000

$128,368
71,662
2,625
609
10,150

75
50
00
00
00

$126,000
70,660
2,605
600
10,000

00
00
00
00
00

5,000
3,000
500
10,000
6,000
5,000
5,000
7,000
25,000
14,000
9,000
17,000
100,000
5,000
10,000
2,000
20,000

5,125
3,435
510
12,200
7,290
5,687
6,075
8,400
29,000
16,660
10,800
20,740
108,500
5,550
10,850
2,460
21,600

00
00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00

5,000
3,300
500
11,775
7.031
5,400
*5,882
*8,020
28,567
16,051
10,520
20,010
104,500
5,500
10,300
2,200
20,600

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$434,600

$488,297 75

$475,021 00

B a n k St o c k .

Market Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Columbian Nat’l Bank, Boston,
Atlas Nat’ l Bank, Boston,
Nat’l Webster Bank, Boston, .
Nat’l Bank of Redemption, Boston,

$23,700
7,500
3,700
8,600
12,000
39,700

$22,455
8,943
4,629
10,341
12,300
49,625

75
75
63
50
00
00

$23,700
8,575
4,588
10,062
12,277
50,816

00
00
00
00
00
00

* These bonds are not for municipal purposes, and have been placed in the hands of a broker
to be sold.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887.]

P U B L IC
B

ank

S t o c k — C o n c lu d e d .

Par Value.

Nat’l Bank of No. America, Boston,
Nat’l Union Bank, Boston,
Washington Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Globe Nat’l Bank, Boston,
New England Nat’ l Bank, Boston, .
Nat’l Eagle Bank, Boston,
Hamilton Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Nat’ l Revere Bank, Boston,
Continental Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Nat’l Bank of Republic, Boston,
Eliot Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Shoe & Leather Nat’l B’k, Boston,.
Freeman’s Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Third Nat’ l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Old Boston Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Citizens’ Nat’l Bank, Worcester,
City Nat’l Bank, Worcestei-, .
Central Nat’l Bank, Worcester,
Worcester Nat’l Bank, Worcester, .
Quinsigamond Nat’l B’k, Worcester,
Mechanics’ Nat’l Bank, Worcester, .
Nat’l Exchange Bank, Boston,
Boylston Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Nat’l City Bank, Boston,
Nat’l Bank of Commerce, Boston, .
Mechanics’ Nat’l Bank, Boston,

R


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$21,800
2,000
5,800
5,000
6,000
23,200
31,700
1,200
13,000
6,600
20,000
28,200
9,300
15,700
19,800
18,600
25,000
29,300
9,500
5,000
40,700
23,800
2,100
30,000
8,400
7,200
24,900
9,400
5,200
26,000
15,400
52,400
31,200
16,700
4,500
5,300
800
17,400
3,200
1,000
$717,500

-

Boston & Maine R.R. 7s,.
Old Colony R.R. 7s,
Boston & Albany R.R. 6s,
Eastern R.R. 6s,
. . .

285

D O C U M E N T — N o. 8.

a il r o a d

B

Estimated
Market Value.

$22,890
2,802
7,250
7,012
8,070
23,780
30,115
1,737
14,040
8,250
23,400
31,584
9,207
19,468
23,388
20,599
29,812
40,580
12,088
6,812
41,412
23,800
3,234
30,000
11,214
8,640
23,904
9,400
6,864
35,100
23,408
73,360
39,000
21,376
5,940
7,049
970
17,487
4,064
1,350

00
50
00
50
00
00
00
00
00
00
00
00
00
00
50
50
50
50
75
50
25
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$838,756 13

Amount Invested.

$22,820
2,740
6,808
6,658
7,675
23,758
31,700
1,560
13,953
8,022
23,292
30,764
9,150
18,898
22,780
20,416
28,500
38,804
11,564
6,350
40,700
26,720
3,150
30,000
12,600
8,640
24,900
9,400
6,344
32,500
22,330
68,120
37,424
20,040
5,012
6,542
904
18,732
3,520
1,250

00
00
00
00
00
00
00
00
00
00
00
OO
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$825,058 00

o n ds.

$50,000
35,000
35,000
22,500

$61,187
42,831
42,000
28,912

50
25
00
50

$59,800
41,725
41,310
28,000

00
00
00
00

286

B A N K C O M M IS S IO N E R S ’ R E P O R T .
R

a il r o a d

B onds —

Concluded.

Par Value.

Boston & Lowell R.R. 4£s,
Boston & Lowell R.R. 6s,
Fitchburg R.R. 5s, .
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Worcester & Nashua R.R. 5s, .
Nashua & Rochester R.R. 5s, .
Conn. & Passumpsic Rivers R.R. 7s,
Vermont Valley R.R. 5s,
Old Colony R.R. 4s,
. . .
Lowell & Lawrence R.R. 6s, .
Boston, Barre & Gardner R.R. 5s, .
Androscoggin & Kennebec R.R. 6s,
Portland & Kennebec R.R. 6s,
Leeds & Farmington R.R. 6s, .
Maine Central R.R. 7s, .
Boston, Barre & Gardner R.R. 7s, .
Vermont & Massachusetts R.R. 5s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Jan

$25,000
9,000
30,000
19,000
15,500
27,000
50,000
10,000
15,000
2,000
14,600
6,200
18,000
10,100
6,500
200
50,000
$450,600

Estimated
Market Value.

$27,375 00
10,755 00
35,100 00
22,515
16,430
29,025
59,500
11,975
15,975
2,400
15,749
6,789
20,790
11,918
8,385
236
57,625

00
00
00
00
00
00
00
75
00
00
00
00
00
00

$527,474 00

Amount Invested.

$26,500 00
10,000 00
34,250 00
21,824
16,000
28,000
57,930
11,400
15,000
2,200
15,100
6,200
20,340
11,251
7,756
228
56,536

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$511,350 00

1887.]

P U B L IC

287

D O C U M E N T — N o. 8

PLYMOUTH FIVE CENTS SAYINGS BANK — PLYMOUTH.
Incorporated 1855. Number of corporators, 61.
W

il l ia m

R . D r e w , P resid en t.

W

il l i a m

W . B r e w s t e r , T reasurer.

Statem ent.

L ia b il it ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .
Suspense, .

A ssets .

$694,756
17,176
14,251
7,303

64
08
64
82

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,.................................
Deposit in banks, on interest, .
Expense account, .
Cash on hand, . . . .

$733,488 18

$133,400
33,500
3,475
38,000
2,900
14,249
351,895
55,080

00
00
00
00
00
39
00
00

54,410
44,032
735
1,810

00
42
91
46

$733,488 18

Loans on Bank Stock, amount on each : —
On 8 shares Plymouth National Bank, P ly m o u t h ,..................................$625 00
On 22 shares Old Colony National Bank, Plym outh,..................................
2,150 00
On 7 shares Merchants’ National Bank, B oston,..........................................
700 00
Invested in real estate (for banking purposes), .
.
.
.
.
Estimated value of the same,...........................................................................
Amount of real estate held by foreclosure,..................................................
Assessed value of the s a m e ,...........................................................................
Amount of income received from the same,..................................................
Amount of municipal tax on real e s t a t e , ..................................................

$2,900 00
3,000 00
14,249 39
15,400 00
574 31
264 20

Cash on Deposit in Banks, amount in each: —
National Bank of the Commonwealth, B o s t o n ,............................................... $17,775 40
Old Colony National Bank, Plymouth, ...........................................................
13,260 31
Plymouth National B a n k , ...........................................................................
12,996 71
Whole amount of interest or profits received or earned...................................... $32,235 25
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 12,724 38
y e a r , ....................................................................................J 2 per cent., 1
13,066 95
Times for the dividends, fixed by the by-laws : second Tuesday in Janu­
ary and July.
The total amount of loans with each specified rate of interest: $25,000, 3.J
per cent.; $36,700, 4 per cent.; $13,350, 4J per cent.; $79,375, 5 per
cent.; $10,275, 5£ percent.; $300,160,6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
each, .
...................................................................................
Aggregate amount of the s a m e , ..................................................
243,210 00
Number of open a c c o u n ts ,...........................................................
2,753
Number and amount of deposits (including dividends) received for previous year, ......................................................................................
1,621
121,878 07


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

288

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number and amount of deposits of and exceeding $300 at any one time,
for the previous year.....................................
81
Number and amount of withdrawals,..........................................
1,097
Number of accounts opened the previous y e a r , .....................................295
Number of accounts closed the previous y e a r , .....................................216
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : May 20.

$42,470 89
82,038 77

2,277 61
10,000 00

P ublic F unds .

Par Value.

United States 4s,
. . .
United States 4-|s, .
.
.
.
State of Maine 6s, .
of New Hampshire 6s, .
City of Lynn 6s,
. . .
of Portland, Me., 6s,
of Cambridge 6s,
of New London, Conn., 7s,
of New Bedford 7s,
of Manchester, N. H., 6s,
of Springfield 6s,
of Belfast, Me., 6s, .
of Bangor, Me., 6 s ,.
of Lewiston, Me., 6s,
of Providence. R. I., 5s, .
of Lawrence 6s,
of Brockton 4s,
of Northampton 6s,
of Haverhill 6s,
Town of Methuen 6s,
of Weymouth 4s, .

$2,000
10,000
14,000
3,900
1,000
10,000
5,000
12,000
10,000
1,500
5,000
2,000
9,000
3,000
1,000
5,000
10,000
10,000
1,000
3,000
15,000
$133,400

1

Estimated
Market Value.

$2,560
11,100
14,980
4,562
1,007
10,075
5,125
15,600
14,300
1,620
6,625
2,100
11,070
3,645
1,170
5,800
10,400
11,150
1,017
3,351
17,550

00
00
00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00

$154,808 00

Amount Invested

$2,000
10,000
14,000
3,900
1,000
10,000
5,000
12,000
10,000
1,500
5,000
2,000
9,000
3,000
1,000
5,000
10,000
10,000
1,000
3,000
15,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$133,400 00

B a n k St o c k .

Commonwealth Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
First Ward Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Metropolitan Nat’l Bank, Boston, .
City Nat’l Bank, Boston,.
Commerce Nat’l B’k, Boston, .
North Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
Third Nat’l Bank, Springfield,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,000
2,500
2,500
2,100
1,500
1,500
1,000
1,500
1,000
800
600
500
1,000

$5,900
3,006
2,562
2,667
1,860
2,070
1,400
1,695
1,015
1,016
804
508
1,450

00
25
50
00
00
00
00
00
00
00
00
75
00

$5,000
2,500
2,500
2,100
1,500
1,500
1,000
1,500
1,000
800
600
500
1,000

00
00
00
00
00
00
00
00
00
00
00
00
00

1887.]

P U B L IC
B

ank

St o c k

— Concluded.

Far Value.

Brockton Nat’l Bank, Brockton,
Plymouth Nat’l Bank, Plymouth, .
Old Colony Nat’l Bank, Plymouth, .

Old Colony R.R....................................
Cheshire R .R .,.....................................
Boston & Maine R.R.,
Eastern R.R., .
.
.
.
.

Estimated
Market Value.

Amount Invested.

$2,000
4.000
6.000

$2,000 00
4,600 00
9,300 00

$2,000 00
4.000 00
6.000 00

$33,500

$41,854 50

$33,500 00

$18,000
4,000
6,000
10,000

$20,720
4,440
7,110
12,850

$18,000
4,000
6,000
10,000

$38,000

$45,120 00

R a il r o a d B


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

289

D O C U M E N T — N o. 8

o n ds.

00
00
00
00

00
00
00
00

$38,000 00

B A N K C O M M IS S IO N E R S ’ R E P O R T .

290

[[Jan

PLYMOUTH SAYINGS BANK — PLYMOUTH.
Incorporated 1828. Number of corporators, 47.
W

il l ia m

H . N e l s o n , P resid en t.

J o h n J. R

u ssell,

T reasurer.

Statem ent.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided,
Guaranty fund, .
Suspense account,

$2,207,650 07
50,348 50
100,000 00

164 97

$297,100
3,800
421,216
6,600
115,000
2,200
100,000
4,500
42,355
475,844
674,455

Public funds, . . . .
Loan on public funds,
. . . .
Bank stock,
Loans on bank stock,
Railroad bonds,
Loan on railroad bonds, .
Railroad notes,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,.................................
Deposit in banks, on interest, .
Cash on hand, . . . .

$2,358,163 54

00
00
00
00
00
00
00
00
90
00
00

171,000 00
41,681 05
2,411 59
$2,358,163 54

Loan on Public Funds : —
$3,800 00

On $5,000 United States 6s,
Loans on Bank Stock, amount on each: —

$2,100 00
2,600 00

On 21 shares Plymouth National Bank, Plymouth,
On 26 shares Old Colony National Bank, Plymouth,
On 3 shares Old Colony National Bank, Plymouth,
On 13 shares Plymouth National Bank, Plymouth,
On 5 shares Old Colony National Bank, Plymouth,
On 5 shares Tremont National Bank, Boston,

|

1,600 00

|

300 00

Loan on Railroad Bonds : —
On $3,000 Boston & Albany Railroad, .

$2,200 00

Invested in real estate (for banking purposes),
Estimated value of the same,.
Amount of real estate held by foreclosure,
Assessed value of the same, .
Amount of income received from the same,
Amount of municipal tax on real estate,

$4,500
4,500
42,355
83,526
4,292
1,211

00
00
90
00
18
89

Cash on Deposit in Banks, amount in each: National Bank of the Commonwealth, Boston,
Boston National Bank, Boston,
Old Colony National Bank, Plymouth, .
Plymouth National Bank, Plymouth, .

.

$12,628 35
9,218 94
49
11,944 27

. $121,914 83
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous f 2£ per cent ., f 53,084 62
y e a r , ....................................................................................12 per cent ., t 43,088 50
Times for the dividends, fixed by the by-laws: January and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887.]

P U B L IC

291

D O C U M E N T — N o. 8

The total amount of loans, with each specified rate of interest: $50,000, 3J
percent.; $25,000, 3| per cent.; $303,500, 4 per cent.; $236,000, 4J per
cent.; $69,200, 4£ per cent.; $50,000, 4| per cent.; $405,225, 5 per cent.;
$32,100, 5£ per cent.; $234,553,6 per cent ; $9,471,6£ per cent.; $18,850,
7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................210
Aggregate amount of the s a m e , ...................................................................$213,549 00
.................................................. 6,324
Number of open accounts,
.
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ..........................................* .....................................
2,537
290,994 76
Number and amount of deposits of and exceeding$300 atany one time,
for the previous y e a r ,............................................................................ 159
80,775 00
Number and amount of withdrawals,.................................
3,300
251,169 64
Number of accounts opened the previous y e a r , ................................. 433
Number of accounts closed the previous year........................................ 398
Amount of expenses of the corporation during previous year, .
.
.
5,946 08
Amount of treasurer’s bond,...........................................................................
20,000 00
Date of examination by commissioner : May 20.
Public F unds .

Par Value.

State, city and town bonds : —
State of Maine,
.
.
.
.
of Rhode Island, .
City of Salem,
.
.
.
.
of Cambridge,
of Hartford, Conn., .
of Portland, Me.,
of New London, Conn., .
of Holyoke,
.
.
.
.
of Fall River, .
.
.
.
' of Lawrence, .
.
.
.
of New Bedford,
of L y n n ,.....................................
of Meriden, Conn., .
of Newburyport,
of Bangor, Me.,
of Brockton, .
.
.
.
Town of West Springfield,

$18,000
6,000
10,000
7,000
5,000
12,000
50,000
50,000
10,000
30,000
10,000
13,000
25,000
5,000
6,000
16,000
25,000
$298,000

Estimated
Market Value.

$19,080
6,960
11,400
7,210
5,650
12,000
65,500
63,000
12,100
34,500
14,000
15,340
26,750
5,150
7,440
16,640
27,750

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$350,470 00

Amount Invested.

$18,000
6,000
10,000
7,H00
5,000
11,100
50,000
50,000
10,000
30,000
10,000
13,000
25,000
5,000
6,000
16,000
25,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$297,100 CO

B a n k St o c k .

State Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Plymouth Nat’l Bank, Plymouth, .
Old Colony Nat’l Bank, Plymouth,.
Bristol County Nat’l Bank, Taunton,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$13,000
22,500
18,400
26,200
17,100

$15,210
31,500
21,160
39,300
23,940

00
00
00
00
00

$13,000
22,500
18,400
26,200
17,100

00
00
00
00
00

292

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

B ank Stock — Concluded.
Estimated
Market Value.

Bingham Nat’l Bank, Hingham,
Market Nati Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
City Natl Bank, Boston, .
Suffolk Nati Bank, Boston, .
North Natl Bank, Boston,
Massachusetts Natl Bank, Boston,.
Second Natl Bank, Boston,
Tremont Nati Bank, Boston, .
Atlantic Nati Bank, Boston, .
Eagle Natl Bank, Boston,
Old Bost< n Nat’l Bank, Boston,
New Eng1an 1 Nati Bank, Boston,.
Boylston Natl Bank, Boston, .
Exchange Natl Bank, Boston,
Abington Nati Bank, Abington,
Natl Bank of Commerce, Boston, .
Nati Bank of No. America, Boston,
Railroad Nati Bank, Lowell, .
Globe Nati Bank, Boston,.
Freeman’s Nat’l Bank, Boston,
Shawmut Nati Bank, Boston,
Union Nat’l Bank, Boston,
Atlas Natl Bank, Boston,
Hamilton Nati Bank, Boston,.
Boston Nat’l Bank, Boston,
Webster Nati Bank, Boston, .
Blackstone Natl Bank, Boston,
Columbian Nati Bank, Boston,
Howard Nat’l Bank, Boston, .
Revere Nati Bank, Boston,
Natl Bank of Republic, Boston,
Nat’l B'k of Common wealth, Boston,
Third Nat’l Bank, Spi'ingfield,
Manufacturers’ Nat’l Bank, Boston,
First Ward Nat’l Bank, Boston,
Home Natl Bank, Brockton, .
Brockton Nat’l Bank, Brockton,

$4,200
12,800
8,000
8,400
♦ 6,200
900
8,500
27,000
19,500
4,100
8,000
5,450
8,600
7,000
10,600
1,500
10,800
12,000
5,500
2,900
2,800
9,300
10,000
23,400
5,300
13,900
11,200
4,800
4,200
5,400
12,000
18,800
10,000
10,000
10,000
10,000
10,000
6,000

$4,200
12,032
6,633
8,484
6,820
1,206
8,075
41,580
19,890
5,453
8,640
6,540
12,384
9,310
13,992
1,500
13,716
12,600
7,150
2,755
2,800
11,067
13,800
28,080
6,625
16,819
11,424
5,376
5,250
6,210
14,880
25,944
11,800
14,500
9,600
12,700
10,000
6,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$146,250

$546,945 00

$1,200
10,240
6,000
8,400
6,200
900
8,500
27,000
17,745
4,100
8,000
5,450
8,600
7,000
10,600
1,500
9,180
10,800
4,675
2,494
2,380
8,950
10,000
23,400
5,300
12,788
10,080
3,712
4,200
5,022
10,800
18,800
8,500
10,000
6,500
7,000
9,000
6,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$421,216 00

R ailroad B onds.
Boston & Albany R R., .
Boston & Maine R.R.,
Old Colony R.R.,
.
.
.
.
Eastern R . R . , .....................................
Salem & Lowell R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$50,000
10,000
20,000
10,500
25,000
$115,500

$58,250
11,850
23,800
13,440
29,500

00
00
00
00
00

$136,840 00

$50,000
10,000
20,000
10,000
25,000

00
00
00
00
00

$115,000 00

1887.]

293

P U B L IC D O C U M E N T — N o. 8

PROVIDENT INSTITUTION FOR SAVINGS, IN THE TOWN OF BOSTON —
BOSTON.
Incorporated 1816. Number of corporators, 119.
W

il l i a m

C h a r l e s J. M o r r i l l , Treasurer.

P e r k in s , P resid en t.
St a t e m e n t .

A ssets .

L iab ilities .

$26,626,018 96
Deposits, .
427,314 58
Earnings undivided, .
Guaranty fund, .
550,000 00
Suspense, .
14,357 76

i
/

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Railroad notes,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest, .
Expense account, .
Cash on hand, . . . .

$27,617,691 30

$5,629,000
43,500
1,289,300
16,000
2,797,000
410.000
80,000
65,427
8,384,685
7,603,762

00
00
00
00
00
00
00
10
50
00

277.000
961,738
14,259
46,018

00
16
99
55

$27,617,691 30

Loans on Public Funds, amount on each: —
On $28,000 United States 4s....................................................................... '
.
On $1,500 United States 4 £ s , ...........................................................................
On $4,000 State of Massachusetts 5 s , ..........................................................
On $10,000 State of Maine 6s,
.
.
.
.
.
.
.
.
.

$28,000
1,500
4,000
10,000

00
00
00
00

Loans on Bank Stock, amount on each : —
On 26 shares Massachusetts National Bank, B o s t o n ,.........................................$5,000 00
On 56 shares National Bank of the Commonwealth, Boston,
.
.
.
5,000 00
On 60 shares Wachusett National Bank, Fitchburg........................................
6,000 00
Invested in real estate (for banking purposes).......................................................$80,000
Estimated value of the same..............................................................................253,100 00
Amount of real estate held by foreclosure,..................................................
65,427
Assessed value of the s a m e ,...........................................................................
85,000
3,366
Amount of income received from the sam e,..................................................
Amount of municipal tax on real e s t a t e , ..................................................
4,293

00
10
00
65
87

Cash on Deposit in Banks, amount in each: —
Merchants’ National Bank, B o s t o n , ................................................$313,698
Exchange National Bank, Boston,.......................................................
256,321
Shawmut National Bank, Boston..........................................................
201,250
Merchandise National Bank, B o s t o n ,..............................................
103,504
Webster National Bank, B o sto n ,.......................................................
86,963

07
87
64
17
41

Whole amount of interest or profits r e c e i v e d , .............................. $1,139,014
92
Rate and amount of each semi-annual dividend for previous 11£ per cent., f 369,624 64
y e a r , ................................................................................... J 2 per cent., t 497,645 37
Times for the dividends, fixedfby the by-laws: third Wednesday in Jan­
uary and July.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

294

B A N K C O M M IS S IO N E R S ’ R E P O R T,

[Jan

Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 3J.
Date of the last extra dividend: July, 1877.
The total amo int of loans, with each specified rate of interest: $100,000,
2 ^ per cent.; $82,000, 2g per cent.; $1,336,000, 3£ percent.; $250,000,
3| per cent.; $2,671,000, 3| per cent.; $625,000, 3J per cent.; $9,045,062,
4 per cent.; $275,000,4^6 per cent.; 265,000, 4| percent.; $983,000, 4^
per cent.; $5,162,000, 44 per cent.; $53,000, 4| per cent.; $2,745,460, 5
per cent.; $175,000, 5| per cent.; $67,700, 54 per cent.; $989,525, 6 per
cent.; $366,250, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,.................................................................................................53
Aggregate amount of the same,
.
.
.
.
..................................$112,160 00
Amount of investments from which no income is received, . . . .
21,489 61
Number of open accounts.........................................................................71,051
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
68,723
5,522,58868
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...................................................................
3,117 1,692,680 00
49,266 4,929,898 76
Number and amount of withdrawals,..........................................
Number of accounts opened the previous year, . . . .
10,145
Number of accounts closed the previous year,
. . . .
8,444
Amount of expenses of the corporation during previous year, .
.
.
42,949 87
Amount of treasurer’s b on d ,...........................................................................
20,000 00
Date of examination by commissioner : December 6.
P ublic F un d s .

Par Value.

United States 4s,
United States 4|s, .
City of Boston 4s, .
of Somerville 4s,
of Manchester, N. H., 4s,
of New Haven, Conn., SJs,
Town of North Adams 3 4 s,
of Beverly 4s,
of Woonsocket, R. I., 4s,
of Wellesley 4s, .
of Plymouth 4s,
City of Meriden, Conn., 4s,
Town of Westbrook 3|s,

Estimated
Market Value.

$300,000 $385,500 00
1,300,000 1,451,125 00
2,537,000 2,766,560 00
399,000
405,620 00
155,000
164,300 00
79,000
79,000 00
125,000
125,000 00
208,000 00
200,000
300,000
309,000 00
100,000
108,000 00
70,000
74,200 00
50,000
52,000 00
14,000
14,000 00

Amount Invested.

$300,000
1,300,000
2,537,000
399,000
155,000
79,000
125,000
200,000
300,000
100,000
70,000
50,000
14,000

00
00
00
00
00
00
00
00
00
00
00
00
00

$5,629,000 $6,142,305 00 $5,629,000 00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$24,600
67,500
35,000
42,800
7,500

$32,841
81,168
42,000
53,607
9,525

00
75
00
00
00

$24,600
67,500
35,000
42,800
7,500

00
CO
00
00
00

1887.]

P U B L IC

295

D O C U M E N T — N o. 8

B a n k S tock — Concluded.

Tar Value.

Continental Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Eagle Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Hide and Leather Nat’l B’k, Boston,
Massachusetts" Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
Noi'th Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Washington Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .

$66,800
31,500
45,000
5,000
31,500
59,200
22,500
22,500
54,300
100,000
34,900
52,400
15,000
38,200
84,800
28,400
56,100
45,000
50,000
2,500
100,000
31,200
40,100
100,000

Estimated
Market Value.

$78,907 50
31,972 50
48,600 00
10,600 00
29,925 00
74,000 00
26,831 25
21,375 00
51,449 25
140,500 00
50,517 75
70,478 00
20,775 00
41,168 00
130,592 00
33,867 00
65,637 00
49,837 50
50,875 00
2,475 00
102,500 00
43,290 00
50,125 00
102,500 00

Amount Invested.

$66,800 00
31,500 00
45,000 00
5,000 00
31,500 00
59,200 00
22.500 00
22,500 00
54,300 00
100,000 00
34,900 00
52,400 00
15,000 00
38,200 00
84,800 00
28,400 00
56,100 00
45,000 00
50,000 00
2,500 00
100,000 00
31,200 00
40,100 00
100,000 00

11,289,300 $1,547,939 50 $1,289,300 00

R ailr o ad B onds .

Old Colony R.R. 6s,
Old Colony R.R. 4£s,
Boston & Albany R.R. 6s,
Boston & Albany R.R. 7s,
Fitchburg R.R. 5s, .
Boston, Clinton & Fitchburg R.R. 5s
Boston & Lowell R.R. 4Js,
Boston & Maine R.R. 4 s,.
Eastern R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$250,000
200,000
100,000
343,000
500,000
550,000
20,000
600,000
265,000

$304,687
213,500
119,000
403,882
565,000
632,500
21,400
636,000
340,525

50
00
00
50
00
00
00
00
00

$250,000
200,000
100,000
343,000
500,000
550,000
20,000
600,000
234,000

00
00
00
00
00
00
00
00
00

$2,828,000 $3,236,495 00 $2,797,000 00

296

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

PROVIDENT INSTITUTION FOR SAVINGS IN THE TOWNS OF
SALISBURY AND AMESBURY— AMESBURY.
Incorporated 1828.

Number of corporators, 16.

A z o r 0 . W e b s t e r , P resid en t.

A lfred

C.

W e b s t e r , Treasurer.

Statem en t.

1,667,269 14
60,183 09
67,888 34

Public funds, .
Bank stock,
Loans on bank stock,
Railroad bonds,
Real estate,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
towns, . . . .
Deposit in banks, on interest,
Expense account, .
Cash on hand, .

1,795,340 57

141,425
6,500
51,500
2,500
299,800
565,300

00
00
00
00
00
00
00

157,000
178,077
1,702
16,535

00
20
92
45

00
0

Deposits, .
Earnings undivided,
Guaranty fund, .

=CO
€£

L ia b ilit ie s .

$1,795,340 57

Loans on Bank Stock, amount on each : —
On 5 shares Powow River National Bank, Amesbury,..................................
On 60 shares First National Bank, M e r r i m a c ,..........................................

$500 00
6,000 00

Invested in real estate (for banking p u r p o se s),..........................................
Estimated value of the same,...........................................................................
Amount of municipal tax on real estate...........................................................

$2,500 00
6,000 00
56 11

Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous ) 2^ per cent., 1
year...........................................................................................■* 2 percent, i
Times for the dividends, fixed by the by-laws : third Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6 3-10.
Date of the last extra dividend : October 18, I860.
The total amount of loans, with each specified rate of interest: $97,000, 4
per cent.; $30,000, 4J per cent.; $180,000, 4| per cent.; $143,500, 4^
per cent.; $35,000, 4| per cent.; $132,400, 5 per cent.; $27,300, 5£ per
cent.; $366,300, 6 per cent.; $2,500, 6J per cent.; $113,200, 7 per cent.;
$1,400, 7J per cent.

00
OO

Cash on Deposit in Banks, amount in each : —
Powow River National Bank, A m e s b u r y ,.................................................. *$110,240 66
30,000 00
First National Bank, M e r r im a c ,...................................................................
34,458 21
International Trust Company, B oston,...........................................................
3,378 33
Boston Safe Deposit and Trust C om p an y ,..................................................
69
37,193 48
30,696 76

* The deposit in this bank has been very much reduced within the past six months, and it is
expected that it will be within the limit provided by statute in a short time.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887.]

P U B L IC

297

D O C U M E N T — N o. 8

Number of outstanding loans which are of an amount not exceeding
$3,000 each,..................................................
Aggregate amount of the same..........................................................................$288,800
0000
$288,800
Number of open a c c o u n ts,.................................
4,899
Number and amount of deposits (including dividends) received forr prepre­
vious y e a r , ...........................................................
5,353
321,500 24
Number and amount of deposits of and exceeding
time,
for the previous y e a r ,...........................................................................179
103,947 00
Number and amount of withdrawals.......................................
2,148
201,557 13
Number of accounts opened the previous year,
. 621
Number of accounts closed the previous year,
. 349
Amount of expenses of the corporation during previous year,
3,584 09
Amount of treasurer’s b o n d ,..................................................
20,000 00
Date of examination by commissioner : June 8.

.

,

P ublic F unds .

Par Value.

United States currency 6s,

$20,000

State and city bonds : —
State of Maine 6s, .
of Rhode Island 6s,
City of Newton 6 s ,.
of Augusta, Me., 6s,
of Springfield 6s,
of Portsmouth, N. H., 6s,
of Holyoke 6s,
. . .
of Bangor, Me., 6s,
of Lawrence 6s,
of Fall River 6s,
of Fall River 5s,
of Portland, Me., 6s,
of Manchester, N. H., 6s,
of Chelsea 6s, .
of Cambridge 6s, .
of Dover, N. H., 6 s ,.
of Charlestown 6s, .
of Des Moines, Iowa, 4^s,

21,000
5,000
2,000
10,000
10,000
5,000
5,000
45,000
5,000
20,000
10,000
40,000
17,000
54,000
48,000
3,000
30,000
25,000
$375,000

Estimated
Market Value.

$25,200 00
22,050
5,600
2,500
10,000
12,500
5,500
6,000
54,000
5,275
24,125
11,400
47,500
19,530
58,795
51,280
3,000
31,200
26,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$421,455 00

Amount Invested.

$20,000 00
21,000
5,000
2,000
10,000
10,000
5,000
5,000
45,000
5,000
20,000
10,000
40,000
17,000
54,000
48,000
3,000
30,000
25,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$375,000 00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
City Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Webster Nat’ l Bank, Boston, .
Maverick Nat’l Bank, Boston,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,200
2,500
2,500
1,000
2,500
4,000
2,000

$2,860
3,375
2,500
1,000
2,375
4,000
4,000

00
00
00
00
00
00
00

$2,200
2,500
2,500
1,000
s 2,500
4,000
2,000

00
00
00
00
00
00
00

298

B A N K C O M M IS S IO N E R S ’ R E P O R T .
B

ank

S t o c k — C o n c lu d e d .

Par Value.

Eliot Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Revere Nat’ l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Republic Nat’l Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
First Ward Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Hide and Leather Nat’l B’k, Boston,
Redemption Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Exchange Nat’l Bank, Boston,
Commonwealth Nat’l Bank, Boston,
Tremont Nat’ l Bank, Boston, .
State Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Traders’ Nat’l Bank, Boston, .
Bay State Nat’l Bank, Lawrence, .
Railroad Nat’l Bank, Lowell, .
Georgetown Nat’l B’k, Georgetown,
Po wow River Nat’l B’k, Amesbuiy,

$4,200
1,500
3,500
7,500
6,000
2,150
2,600
8,000
5,700
3,000
3,500
3,500
1,500
5,000
4,000
7,500
5,000
7.500
3,500
5,000
5,000
4,900
3,500
1,800
4,900
1,500
3,375
2,100
2,500
5,000
$141,425

R

a il r o a d

Eastern R.R. 6s,
. . .
Boston & Albany R.R. 7s,
Boston & Maine R.R. 7s,
West Amesbury Branch R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Jan

.

Estimated
Market Value.

$5,250
3,000
4,550
9,000
6,600
2,450
3,510
10,800
6,270
3,750
4,725
3,675
2,100
6,250
4,600
8,625
6,150
8,850
4,305
6,250
5,750
4,900
4,025
2,700
5,782
1,485
5,400
2,688
2,500
8,750

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$174,800 00

Amount Invested.

$1,200
1,500
3.500
7,500
6,000
2,150
2,600
8,000
5,700
3,000
3,500
3,500
1,500
5,000
4,000
7,500
5,000
7,500
3,500
5,000
5,000
4,900
3,500
1,800
4,900
1,500
3,375
2,100
2,500
5,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$141,425 00

B o nds.

$42,000
10,000
5,000
5,000

$52,500
11,500
5,750
5,250

00
00
00
00

$62,000

$75,000 00

$31,500
10,000
5,000
5,000

00
00
00
00

$51,500 00

1887.]

P U B L IC

299

D O C U M E N T — N o. 8.

QUINCY SAYINGS BANK — QUINCY.
Incorporated 1845. Number of corporators, 47.
H okace

B.

G eo.

S p e a b , V ice-P resid en t.*

L.

G i l l , Treasurer.

Statem ent.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$1,218,776 03
9,422 13
32,500 00

Public funds, . . . .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in bank, on interest, .
Expense account, .
Premium account, .
Cash on hand, . . . .

$1,260,698 16

$75,500
123,665
500
154,000
88,579
565,919
218,022

00
99
00
00
62
03
00

3,334
11,082
203
16,903
2,988

00
47
22
75
08

$1,260,698 16

Loan on Bank Stock : —
On 5 shares National Mt. Wollaston Bank, Q u in c y ,...................... $500
Amount of real estate held by foreclosure,.................................... $88,579
Assessed value of the same, ................................................................... .
Amount of income received from the same.....................................
3,860
Amount of municipal tax on real e s t a t e , ..................................
1,122

00
62
80,050 00
00
79

Cash on Deposit in Bank i —
National Granite Bank, Quincy,

.

$11,082 47

Whole amount of interest or profits received or earned,. . . .
$55,79027
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f 22,285 24
y e a r , ................................................................................. J 2
per cent., 1
22,57021
Times for the dividends, fixed by the by-laws : first Tuesday in April and
October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend; 7£.
Date of last extra dividend: April, 1875.
The total amount of loans, with each specified rate of interest: $156,333,
4 percent.; $9,000,4^ per cent.; $185,850, 5 per cent.; $47,600, 5^ per
cent.; $352,274.03, 6 per cent ; $6,000, 6£ per cent.; $24,718, 7 per cent.;
$1,000, 7 3-10 per cent.; $ 5 , 0 0 0 , per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ..................................................................................................... 265
Aggregate amount of the s a m e , ...................................
.
.
.
336,412 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* Acting President.

300

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Amount of investments from which no income is received, .
Number of open a c c o u n ts ,..................................................
.
4,698
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,....................................................................................4,046
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, ............................................................................185
Number and amount of withdrawals,..........................................3,116
Number of accounts opened the previous y e a r , ..................................672
Number of accounts closed the previous y e a r , .................................380
Amount of expenses of the corporation during previous year, .
mount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : April 2.

$

6,000 00

337,412 20
111,203 00
262,895 83

3,080 06
22,000 00

P ublic F un ds .

Tar Value.

City and town bonds : —
City of Lawrence 6s,
of Providence, R. L, 5s, .
of Somerville 5s,
Town of Pawtucket, R. I., 5s,
of Weymouth 4s, .

$5,000
5.000
40,500
5.000
20,000
$75,500

Estimated
Market Value.

$5,250
6,000
46,575
5,750
21,200

00
00
00
00
00

$84,775 00

Amount Invested.

$5,000
5.000
40,500
5.000
20,000

00
00
00
00
00

$75,500 00

B a n k St o c k .

Washington Nat’l Bank, Boston,
Hide and Leather Nat’l B’k,Boston,
Eliot Nat’l Bank, Boston,
Exchange Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
State Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
North America Nat'l Bank, Boston,
Republic Nat’l Bank, Boston, .
Manufacturers’ Nat’ l Bank, Boston,
Revere Nat’l Bank, Boston,
City Nat’l Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Shoe and Leather Nat’l B’k, Boston,
New England Nat’l Bank, Boston, .
Granite Nat’l Bank, Quincy, .
Mt Wollaston Nat’l Bank, Quincy,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$800
1,800
1,700
2,000
2,000
3,300
6,200
2,500
2,600
3,000
3,000
6,700
7,500
25,000
1,800
1,900
7,400
3,400
5,000
14,600
10,000
$112,200

$1,000
2,142
2,159
2,640
2,040
3,993
7,440
3,500
3,042
4,020
2,970
7,035
10,350
24,000
2,232
1,919
7,548
3,434
7,200
18,250
13,500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$130,414 00

$844
1,839
1,706
2,475
2,000
3,338
6,909
2,657
2,800
3,450
3,635
6,925
9,600
25,655
1,991
2,244
8.468
3,587
6,525
16,415
10,600

00
00
20
33
00
08
25
50
00
00
00
00
00
00
75
00
50
00
00
38
00

$123,665 99

1887.]

P U B L IC

R

a il r o a d

B

o n ds.

Par Value.

Old Colony R.R. 4s,
. . .
Old Colony R.R. 7s,.
Vermont & Massachusetts R.R. 5 s ,.
Conn. & Passumpsic Rivers R.R. 7s,
Fitchburg R.R. 5s, .
Fitchburg R.R. 4s, .
Boston & Lowell R.R. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

301

D O C U M E N T — N o. 8

$10,000
20,000
25.000
25.000
5,000
44.000
25.000
$154,000

Estimated
Market Value.

$10,500
25.000
27,500
29,750
5,500
46,200
26.000

00
00
00
00
00
00
00

$170,450 00

Amount Invested.

$10,000
20,000
25.000
25.000
5,000
44.000
25.000

00
00
00
00
00
00
00

$154,000 00

B A N K C O M M IS S IO N E R S ’ R E P O R T .

302

[Jan

RANDOLPH SAYINGS BANK — RANDOLPH.
Incorporated 1851. Number of corporators, 61.
J.

W h i t e B e l c h e r , President.

H ir a m

C.

A l d e n , Treasurer.

St at e m e n t.

ASSETS.

L ia b ilit ie s .

Deposits,
Earnings undivided,
Guaranty fund, .

.

$871,728 44
6,034 76
37,714 48

$915,477 68

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
. . .
Loan on railroad stock, .
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
to w n s,.................................
Deposit in bank, on interest, .
Cash on hand, . . . .

$138,000
250.000
3,300
127.000
500
233,609
109,800

00
00
00
00
00
00
00

14,000 00
36,779 90
2,488 78
$915,477 68

Loans on Bank Stock, amount on each: —
On 30 shares First National Bank, North E a s t o n , ................................. $3,000 00
On 3 shares Rockville National Bank, Rockville, Ct......................................
300 00
Loan on Railroad Stock: —
On 5 shares Old Colony Railroad,................................................................... $500 00
Cash on Deposit in Bank : —
Randolph National B a n k , ........................................................................... $36,779 90
$44,672 39
Whole amount of interest or profits received or earned,
16,133 53
Rate and amount of each semi-annual dividend for previous j 2 per cent.,
16,659 61
i 2 per cent., I.
year,
Times for the dividends, fixed by the by-laws: April and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6£.
Date of the last extra dividend: April, 1876.
The total amount of loans, with each specified rate of interest: $12,000,
3| per cent.; $56,000, 4 per cent.; $30,000, 4J per cent.; $104,250, 5 per
cent.; $101,050, 5£ per cent.; $49,880, 6 per cent.; $3,000, 6J per cent.;
$2,600,7 per cent.; $400, 7£ per cent.; $279, 7 3-10 per cent.; $1,750, 8
per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ................................................................................................... 69
75,909 00
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,...........................................................2,399
Number and amount of deposits (including dividends) received for pre­
156.116 18
vious y e a r , ............................................................................................ 1,426
Number and amount of deposits of and exceeding $300 at any one time,
62,560 83
for the previous year.................................................................................. 103
118.116 52
Number and amount of withdrawals,......................................................971


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887.]

P U B L IC

303

D O C U M E N T — N o. 8

Number of accounts opened the previous year, .
.
.
.
.
349
Number of accounts closed the previous y e a r , ..................................228
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b on d ,...........................................................................
Date of examination by commissioner : May 24.

$1,499 39
15,000 00

P ublic F unds .

Par Value.

City and town bonds : —
City of Portland, Me.,
of Springfield,
of Brockton, .
.
.
.
of Lawrence, .
.
.
.
of L y n n ,.....................................
of Cleveland, Ohio,
of Dayton, Ohio,
Town of South Abington,
of Abington, .
.
.
.
of Rockland, .
.
.
.

$10,000
15,000
25,000
16,000
5,000
18,000
25,000
5,000
7,000
12,000
$138,000

Bank

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Blue Hill Nat’l Bank, Milton, .
Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
City Nat’l Bank, Boston, .
Commerce Nat’l Bank, Boston,
Commonwealth Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Exchange Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
Metropolitan Nat’l B’k, Boston,
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$10,050
21,300
28,100
18,640
5,025
18,810
25,875
5,100
7,280
12,720

00
00
00
00
00
00
00
00
00
00

$152,900 00

Amount Invested.

$10,000
15,000
25,000
16,000
5,000
18,000
25,000
5,000
7,000
12,000

00
00
00
00
00
00
00
00
00
00

$138,000 00

St o c k .

$9,700
5,000
9,700
1,600
5,000
5,200
5,000
6,600
6,300
5,000
5,000
2,000
10,300
2,700
2,500
5,000
10,000
4,600
4,000
7,500
15,000
2,400
800
5,000
7,000
5,000
15,000

$12,950
6,012
10,864
1,840
6,062
5,603
5,050
8,382
7,434
5,912
5,400
2,545
10,300
3,456
2,506
6,250
11,925
5,405
3,840
6,825
20,962
2,496
904
7,175
9,411
5,250
18,750

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$12,562
5,000
9,700
1,600
5,000
5,200
5,365
8,060
6,569
5,000
5,336
2,000
11,604
4,064
3,346
6,762
10,269
4,993
4,000
7,500
19,962
2,400
800
6,300
8,034
5,000
19,888

50
00
00
00
00
00
00
12
75
00
38
00
75
00
00
50
88
75
00
00
62
00
00
00
13
00
00

304

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k St o c k — C o n c lu d e d .

Par Value.

Revere Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Central Nat’l Bank, Lynn,
City Nat’l Bank, Lynn, .
Home Nat’l Bank, Brockton, .
Taunton Nat’l Bank, Taunton,
Union Nat’l Bank, Weymouth,

$3,700
3,000
10,5(0
4,600
5,000
2,100
5,000
2,500
1,000
9,700
3,500
5,000
2,500
1,300
$222,300

R

a il r o a d

Old Colony R.R.,
.
.
.
.
Eastern R . R . , .....................................
Boston & Maine R.R.,
.
.
Fitchburg R.R.,
. • .
Boston & Albany R.R., .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

B

Estimated
Market Value.

$4,658
3,578
10,683
5,382
5,000
2,079
5,125
3,250
1,020
14,550
5,845
5,775
4,000
1,495

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$265,949 00

Amount Invested.

$4,700
3,245
10,500
4,876
5,000
2,100
5,000
3,681
1,000
9,7-00
5,078
5,000
2,500
1,300

00
25
00
00
00
00
00
25
00
00
12
00
00
00

$250,000 00

o n ds.

$60,000
37.500
14.500
10,000
5,000
$127,000

$71,400
48,188
17,545
10,300
5,825

00
00
00
00
00

$153,258 00

$60,000
37.500
14.500
10,000
5,000

00
00
00
00
00

$127,000 00

1887.]

P U B L IC

305

D O C U M E N T — N o. 8

ROCKLAND SAYINGS BANK — ROCKLAND.
Incorporated 1868.

Number of corporators, 44.
E. R.

Z e n a s J e n k i n s , A ctin g P resid en t.

S t u d l e y , Treasurer.

Statem ent.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$485,054 68
9,464 39
11,700 00

$18,500
72,803
28,000
3,600
299,118
59,435
23,276
515
97
328
543

Public funds, . . . .
Bank stock................................
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Expense account, .
Tax account, . . . .
Insurance...................................
Cash on hand, . . . .

00
87
00
00
00
73
32
30
96
73
16

$506,219 07

$506,219 07

$3,600 00
3,700 00
150 00
57 89

Amount of real estate held by foreclosure, . . . .
Assessed value of the sa m e ,..................................................
Amount of income received from the same, . . . .
Amount of municipal tax on real estate..................................
Cash on Deposit in Banks, amount in each; —
National Bank of Redemption, Boston,
.
.
Boston Safe Deposit and Trust Company, Boston,

.

•.

.

.

.

$8,577 54
14,698 78

$25,513 24
Whole amount of interest or profits received or earned,
8,654 44
Rate and amount of each semi-annual dividend for previous 'I 2 per cent., I[
9,110 79
year,
.
............................................................................ J 12 per cent., 1:
Times for the dividends, fixed by the by-laws: January and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7 1-16.
Date of the last extra dividend: July, 1873.
The total amount of loans, with each specified rate of interest: $97,700, 5
per cent.; $257,953, 6 per cent.; $2,900, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
.................................................................................................... 382
each,
Aggregate amount of the same.........................................................................
220,753 00
Amount of investments from which no income is received, . . . .
100 00
Number of open a c c o u n ts ,.......................................................... 1,773
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,...................................................................................
1,603 134,037 98
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................ 84
41,636 00
Number and amount of withdrawals,..........................................
1,056
98,978 62
Number of accounts opened the previous y e a r , .....................................356
Nnmber of accounts closed the previous year........................................... 237
Amount of expenses of the corporation during previous year, .
.
.
1,487 11
Amount of treasurer’s bond,...........................................................................
10,000 00
Date of examination by commissioner : May 26.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

306

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

P ublic F un ds .

Par Value.

City of Bangor, Me., 6s, .
of Middletown, Conn., 6s,
of Fall River 6s,
Town of Hinsdale, N. H., 5s, .

18,000
3.000
4.000
3,500
$18,500

Estimated
Market Value.

$9,700
3,510
5,320
3,955

00
00
00
00

$22,485 00

Amount Invested.

$8,000
3.000
4.000
3,500

00
00
00
00

$18,500 00

B a n k St o c k .

Aldington Nat’l Bank, Abington,
Atlantic Nal’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Evei*ett Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Granite Nat’l Bank, Quincy, .
Hide and Leather Nat’l B’k, Boston,
Howard Nat’l Bank, Boston, .
Manufacturers’ Nat’l Bank, Boston,
Metropolitan Nat’l Bank, Boston, .
Market Nat’l Bank, Boston, .
Merchandise Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .

$1,100
4,000
6,700
1,000
1,500
2,500
2,100
4,500
6,700
3,500
1,500
4,8C0
3,400
7,300
8,500
5,500
2,000

$550
5,325
7,900
1,270
1,500
2,500
2,646
5,355
7,839
3,360
1,695
4,368
3,536
9,052
9,935
5,445
2,040

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$1,100
5,400
6,700
1,112
1,831
3,125
2,520
4,832
7,428
3,500
1,510
4,800
3,400
8,673
9,369
5,500
2,000

00
25
00
75
87
00
00
50
50
00
00
00
00
75
25
00
00

$74,316 00

$72,803 87

$18,000
5.000
5.000

$21,060 00
5,600 00
5,650 00

$18,000 00
5.000 00
5.000 00

$28,000

$32,310 00

$28,000 00

$66,600

R a il r o a d B onds .

Boston, Revere B’ch & Lynn R.R. 6s,
Fitchburg R.R. 5s, .
Newport & Richford R.R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

307.

SALEM FIVE CENTS SAVINGS BANK — SALEM.
Incorporated 1855. Number of corporators, 119.
W i l l i a m H . J e l l y , P resid en t.

C h a u l e s H . H e n d e r s o n , Treasurer.
St a t e m e n t .

■ .A ssets.

L ia b il it ie s .

Deposits, .
$2,896,671 61
Earnings undivided, .
67,045 39
Guaranty fund, .
120,000 00

(

•

i

Public funds, .
.
Bank stock,
.
.
.
.
Railroad bonds, ' . ' .
Railroad notes,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns, .'
.
.
Deposit in banks, on interest, .
Cash on hand............................

$3,083,717 00

Amount of real estate held by foreclosure..............................
.
.
.
Assessed value of the s a m e ,................................. ■ .
.
.
.
.
Amount of income received from the same, .
.
.• »
.
Amount of municipal tax on real e s t a t e , ..................................................

$430,000 00
509,580 00
118,100 00
220,000 00
40,533 71
504,082 00
990.000 00
165,100 00
104.000 00
2,321 29
$3,083,717 00

$40,533 71
37,200 00
3,119 80
628 15

Cash on Deposit in Banks, amount in each : —
Asiatic National Bank, S a l e m , ................................................................... $84,000 00
Exchange National Bank, Salem,...................................................................
20,000 00
Whole amount of interest or profits received or earned,
. . . .
$142,126 14
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 52,157 25
year.................................................................. ........
.
. J 2 per cent., I 54,004 38
Times for the dividends, fixed by the by-laws: February and August.
The total amount of loans, with each specified rate of interest: $16,700, 3^
per cent.; $352,000, 3£ per cent.; $100,000, 3f per cent.; $157,400 3g per
cent.; $125,000, 3J per cent.; $289,000,4 per cent.; $65,000, \\ per cent.;
$195,000, 4£ per cent.; $50,000, 4f per cent.; $150,300, 5 per cent.;
$22,452,5i per cent.; $173,450,6 per cent.; $50,250,6£ per cent.; $70,500,
7 per cent.; $62,130, 7 3-10 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,.....................................................' . ' .
.
.
. 200
Aggregate amount of the same,
.
.
.
.
.
254,980 00
Number of open a c c o u n ts ,................................. ' .
.
. '
9,168
Number and amount of deposits (including dividends) received for pre­
vious year....................................................... ........
.
.
.
7,225 661,299 83
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year..................................... ......................................... 488
295,584 91
Number and amount of withdrawals, .
. . .
.
.
.
4,689
498,369 07
Number of accounts opened the previous y e a r ,..........................
1,459
Number of accounts closed the previous y e a r , .................................980
Amount of expenses of the corporation during-previous year, .
.
.
7,586 73
Amount of treasurer’s b o n d ,...........................................................................
25,000 00
Date of examination by commissioner : May 13.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

308

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

P ublic F unds .

Par Value.

United States bonds,
City of Meriden, Conn., .
of Waterbury, Conn.,
of Hartford, Conn., .
of Portsmouth, N. H.,
of Lewiston, Me., .
of Gardiner, Me., .
of Salem,
.
.
of Fall River, .
.
of Lawrence, .
.
of Springfield,
of Somervil l e, .
.
of Lynn, .
.
.
of Chelsea,
.
.
of Fitchburg, .
.
of Haverhill, .
.
of Detroit, Mich.,
of Des Moines, Iowa,
of Dayton, Ohio,
of Columbus, Ohio,.
of Cleveland, Ohio,.
Town of Adams,
.
.

.
.
.

.
.
.

.

.

.
.
.

.
.
.

.

.

$40,000
65,000
20,000
10,000
3,000
25,000
10,000
10,000
25,000
39,000
41,000
10,000
20,000
5,000
5,000
10,000
5,000
8,000
33,000
9,000
35,000
2,000
$130,000

Estimated
Market Value.

$44,600
70,045
22,000
11,000
3,390
29,850
11,100
11,500
31,195
45,360
56,520
11,050
24,200
5,525
5,750
11,600
5,550
8,240
33,965
9,090
35,450
2,090

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$489,070 00

Amount Invested.

$40,000
65,000
20,000
10,000
3,000
25,000
10,000
10,000
25,000
39,000
41,000
10,000
20,000
5,000
5,000
10,000
5,000
8,000
33,000
9,000
35,000
2,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$430,000 00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
City Nat’l Bank, Boston,.
Columbian Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Commonwealth Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Faneuil Hall Nat’l Bank, Boston, .
First Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Hide & Leather Nat’l B’k, Boston, .
Howard Nat’l Bank, Boston, .
Manufacturers’ Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
10,000
15,000
7,900
20,000
8,300
15,000
16,500
8,500
11,400
10,000
13,300
7,300
3,500
2,500
9,100
20,000
7,000
8,500
9,700
10,000
2,200
15,500

$13,300
12,000
16,800
9,559
26,600
8,383
18,750
20,955
10,030
13,452
10,800
16,891
7,300
4,760
5,300
9,100
19,000
8,750
10,115
11,155
9,600
2,068
14,725

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$10,000
10,000
15,000
7,900
20,000
8,300
15,000
16,500
8,500
11,400
10,000
13,300
7,300
3,500
2,500
9,100
20,000
7,000
8,500
9,700
10,000
2,200
15,500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

1 8 8 7 .]

P U B L IC
B

ank

S t o c k — C o n c lu d e d .

Par Value.

Merchandise Nat’ l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Mt. Vernon Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Shoe & Leather Nat’l B’k, Boston,.
Suffolk Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Asiatic Nat’l Bank, Salem,
Exchange Nat’l Bank, Salem,.
First Nat’l Bank, Salem, .
Mercantile Nat’l Bank, Salem,
Merchants’ Nat’l Bank, Salem,
Naumkeag Nat’l Bank, Salem,
Salem Nat’l Bank, Salem,

86, COO
33,300
5,000
9,100
20,000
11,700
6,350
2,000
20,400
7,200
5,700
9,500
7,500
15,000
8,300
10,000
4,400
5.000
10,530
10,000
900
15,300
8,400
10,900
25,900
8509,580

R

a il r o a d

Fitchburg R.R......................................
Old Colony R.R.,
.
.
.
.
Providence & Worcester R.R.,
Boston, Barre & Gardner R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

309

D O C U M E N T — N o. 8

Estimated
Market Value.

86,240
46,620
6,900
13,013
26,800
12,285
7,620
2,500
25,296
11,088
6,783
9,595
8,250
15,000
8,217
10,200
6,072
5,100
14,040
12,100
1,125
18,360
10,920
14,824
32,375

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$610,716 00

Amount Invested.

86,000
33,300
5,000
9,100
20,000
11,700
6,350
2,000
20,400
7,200
5,700
9,500
7,500
15,000
8,300
10,000
4,400
5,000
10,530
10,000
900
15,300
8,400
10,900
25,900

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

8509,580 00

B onds.

825,000
20,000
50,000
10,000
8105,000

826,562
22,400
60,500
11,800

50
00
00
00

8121,262 50

825,000
20,000
61,000
12,100

00
00
00
00

8118,100 00

B A N K C O M M IS S IO N E R S ’ R E P O R T .

310

[Jan.

SALEM SAYINGS BANK — SALEM.
Incorporated 1818.

Number of corporators, 185.

W i l l i a m N o r t h e y , P resid en t.

W il l ia m

H.

S i m o n d s , J r ., T rea surer.

St a t e m e n t .

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided,
Guaranty fund, .

3,798.803 43
14,999 02
225,000 00

Public funds, .
Loan on public funds,
Bank stock,
Loans on bank stock,
Railroad bonds,
Railroad notes,
Real estate,
Real estate.by foreclosure,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
towns,
Deposit in banks, on interest,
Cash on hand, .

$7,038,802 45

$2,255,000 00

1,000 00
00
00
00
00
00
00
00
00

573,000
18,000
208,350
50,000
60,000
46,250
1,010,065
2,067,000

629,350 00
103,596 66
17,190 79
$7,038,802 45

Loan on Public Funds : —
On $1,000 United States 4s,

$1,000 00

Loans on Bank Stock, amount on each : —
On 50 shares Asiatic National Bank, Salem, .
On 75 shares Metacomet National Bank, Fall River,
On 25 shares Metacomet National Bank, Fall River,
On 25 shares Fall River National Bank, Fall River,
On 20 shares High Street Bank, Providence, R. I.,
On 10 shares Rockport National Bank, Rockport,
On 6 shares National Exchange Bank, Salem,
On 60 shares First National Bank, Boston, .
Invested in real estate (for banking purposes),
Estimated value of the same,.
Amount of real estate held by foreclosure,
Assessed value of the same, .
Amount of income received from the same,
Amount of municipal tax on real estate,

$800 00
5,000 00
5,000 00

1,200 00
6,000 00
$60,000
75,000
46,250
47,175
4,728
1,507

00
00
00
00
61
04

Cash on Deposit in Banks, amount in each
First National Bank, Boston, .
.
Exchange National Bank, Salem, .
Asiatic National Bank, Salem,
Merchants’ National Bank, Salem,.
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous 1 2 per cent.,
y e a r , ................................................................................... J 2 per cent


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$27,311 39
41,285 27

20,000 00
15,000 00
$324,253 20
129,249 92
130,573 32

1887.]

P U B L IC

311

D O C U M E N T — N o. 8

Times for the dividends, fixed by the by-laws: third Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 7.
Date of the last extra dividend : October, 1873.
The total amount of loans, with each specified rate of interest: $197,000,
3£ percent.; $290,000, 3| per cent.; $60,000, 3£ per cent.; $1,141,200,4
per cent.; $395,000, 4£ per cent.; $468,850, 4£ per cent.; $70,000, 4| per
cent.; $559,100, 5 per cent.; $ 1 2 9 , 1 0 0 , per cent.; $426,970, 6 per cent.;
$22,670, 6£ per cent.; $3,000, 7 per cent.; $12,525, 7 3-10 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,...........................................................................
170
Aggregate amount of the s a m e , ................................................................... $228,265 00
Number of open a c c o u n ts ,..................................................................16,595
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,............................................................................................ 9,997 1,048,396 24
Number and amount of deposits of and exceeding $300 at any one time,
340,714 00
for the previous y e a r ,.............................................................................. 594
Number and amount of withdrawals, ...................................................8,523 924,570 45
Number of accounts opened the previous year, . . . .
1,541
Number of accounts closed the previous year, . . . .
1,353
13,421 46
Amount of expenses of the corporation during previous year,
30,000 00
Amount of treasurer’s bond ,...........................................................................
Date of examination by commissioner: July 28.
P ublic Fun ds .

Par Value.

United States 4^s,
United States 4s,
State of Ohio 6s,

.
.

.
.

.

.

.

City and town bonds: —
Town of Aldington,
City of Bangor, Me.,
of Bath, Me., .
.
.
.
of Boston,
.
.
.
.
of Columbus, Ohio,:
of Cleveland, Ohio,.
of Charlestown,
of Chelsea,
.
.
of Dayton, Ohio,
of Detroit, Mich., .
of Des Moines, Iowa,
Town of Everett, .
.
.
.
City of Fall River, .
.
.
.
of Fitchburg, .
.
.
.
of Holyoke,
.
.
.
.
of Indianapolis, Ind.,
of L y n n ,.....................................
of Lowell,
.
.
.
.
of Lawrence, .
.
.
.
Town of Marblehead,
of Milford, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$250,000
40,000
10,000
• 12,000
20,000
7,000
230,000
131,000
110,000
50,000
17,000
131,000
50,000
100,000
2,000
64,000
30,000
- 65,000
107,000
56,000
50,000
54,000
22,000
15,000

Estimated
Market Value.

$279,063 00
51,400 00
10,000 00
13,410
24,500
7,016
275,025
139,260
122,979
55,500
19,445
139,358
52,875
103,odo
2,250
82,285
30,900
81,088
110,038
58,293
55,000
64,961
26,125
16,688

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$252,400 00
40,000 00
10,000 00
12,000
20,000
7,000
230,000
131,600
113,335
50,000
17,000
131,000
51,000
103,200
2,000
64,000
30,000
65,000
107,000
56,000
50,000
54,000
22,000
15,000

00
00
00
00
00
00
00
00
0J
00
00
00
00
00
00
00
00
00
00
00
00

312

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan

P ublic F unds — Concluded.

Par Value.

City oi Malden....................................
of Manchester, N. 11.,
of Middletown, Conn., .
of Pawtucket, R. I.,
of Providence, R. I.,
of Salem,
.
.
.
of Springfield, Ohio,
Town of Winchester,

$50,000
100,000
25,000
10,000
261,277
116,000
20,000
35,000

Estimated
Market Value.

$56,500
125,250
26,500
11,400
307,243
130,260
21,881
41,300

Amount Invested.

00
00
00
00
00
00
00
00

$50,000
100,000
25,000
10,000
261,965
117,9< 0
21,600
35,000

00
00
00
00
00
00
00
00

$2,240,277 $2,540,793 00 $2,255,000 00

.

B an k St o c k .

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
City Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Commonwealth Nat’l B’k, Boston, .
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston, .
Hide and Leather Nat’l B’k, Boston,
Lincoln Nat’l Bank, Boston, .
Merchandise Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Asiatic Nat’l Bank, Salem,
Exchange Nat’l Bank, Salem,
First Nat’l Bank, Salem,
Mercantile Nat’l Bank, Salem,
Merchants’ Nat’l Bank, Salem,
Naumkeag Nat’l Bank, Salem,
Salem Nat’l Bank, Salem,
Home Nat’l Bank, Brockton, .
Beverly Nat’l Bank, Beverly, .
Marblehead Nat’l B’k, Marblehead,
Grand Nat’l Bank, Marblehead,
First Nat’l Bank, Chelsea,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
1,000
7,300
2,500
20,500
28,000
50,200
5.000
11,400
12,000
7,800
4,000
12,400
58,300
27,400
12,500
16,500
49,800
17,300
7,500
4,000
10,000
20,000
18,480
8,500
13,400
2,000
48,150
9,800
10,000
10,000
700
2,000
4,500
10,000
$532,930

$13,350
1,203
8,176
3,328
20,705
35,035
63,754
5,900
11,429
15,000
9,302
4,400
12,896
81,474
36,853
15,625
22,853
61,752
26,642
8,944
4,680
11,075
20,500
25,872
10,413
17,487
2,400
63,558
13,451
12,550
11,550
910
2,100
5,400
12,700

00
00
00
00
00
00
00
00
00
00
00
00
00 '
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$673,267 00

$10,000
1,000
7,300
2,500
21,800
28,000
50,200
5,000
11,400
13,850
8,502
4,000
12,400
75,500
28,400
13,750
20,855
50,300
18,100
8,250
4,500
11,000
20,000
20,328
8,900
14,740
2,000
48,150
12,380
10,500
10,000
700
2,000
4,995
11,700

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$573,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

313

R ailr o a d B onds .

Par Value.

Fitchburg R.R.,
.
.
.
Boston, Clinton, Fitchburg &
Bedford R.R.,
.
.
.
Boston & Lowell R.R.,
Old Colony R.R ,
.
.
.
Providence & Worcester R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
New
.
.

$75,000
25,000
20,000
70,000
12,000
$202,000

Estimated
Market Value.

$82,813 00
29,250
24,400
75,000
14,460

00
00
00
00

$225,923 00

Amount Invested.

$77,800 00
25,000
22,650
70,000
12,900

00
00
00
00

$208,350 00

314

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

SEAMEN’S SAVINGS BANK — PROVINCETOWN.-

r
Incorporated April 14, 1851.

L ysand er

N.

Number of corporators, 78.

P a i n e , P resid en t.

J o s e p h H . D y e r , T reasurer.
St atem en t.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$283,808 43
6,895 93
10,036 32

Public funds..............................
Bank stock................................
Loans on bank stock,
Railroad bonds,
. . .
Real estate.................................
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in banks, on interest,.
Furniture and safes,
Cash on hand, . . . .

$300,740 68

$7,000
97,791
1,580
22,435
1,330
36,261
59,323
29,320

00
03
00
00
29
32
55
17

19,000
22,931
2,623
1,144

00
83
49
00

$300,740 68

Loans on Bank Stock, amount on each : —
On 13 shares First National Bank, Provincetown,
On 3 shares State National Bank, Boston,
On 3 shares National Bank of the Republic, Boston, .
On 2 shares Union Market National Bank, Watertown,
On 1 share First National Bank, Provincetown, .

$1,080 00

Invested in real estate (for banking purposes),
Estimated value of the same, . . . .
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$1,330
1,075
36,261
25,150
1,638
334

500 00

29
00
32
00
57
70

Cash on Deposit in Banks, amount in each: —
Freeman’s National Bank, Boston,
Maverick National Bank, Boston, .

$12,813 29
10,118 54

Whole amount of interest or profits received or earned,
. . . .
$15,157 47
Rate and amount of each semi-annual dividend for previous 1 1¡| per cent., f
4,341 05
y e a r , ................................................................................... i 1J per cent., I
4,155 29
Times for the dividends, fixed by the by-laws: January and July.
The total amount of loans, with each specified rate of interest: $41,600,
5 per cent.; $37,263.55, 6 per cent.; $13,447.36, 6£ per cent.; $1,472.81, 7
per cent.; $240, 8 per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

315

Number of outstanding loans which are of an amount not exceeding $3,000
r each............................................................................................................95
Aggregate amount of the s a m e , ...................................................................$68,623 72
Amount of investments from which no income is received, . . . .
2,584 29
Number of open accounts,
.
.................................................. 1,531
Number and amount of deposits (including dividends) received for previous
y e a r , .......................................................... ........ • .
. • . 461
44,194 52
Number and amount of deposits of and exceeding $300 atany one time,
for the previous year, .
.
.
.
32
14,701 22
Number and amount of withdrawals,.............................................. 672
64,574 33
Number of accounts opened the previous y e a r , ..................................188
Number of accounts closed the previous y e a r , ..................................156
Amount of expenses of the corporation during previousyear,
.
.
.
2,162 26
Amount of treasurer’s b o n d ,...........................................................................
20,000 00
Date of examination by commissioner : September 2.
P ublic F un d s .

Par Value.

City of Fall River 6s,
of Columbus, Ohio, 6s,

.

Estimated
Market Value.

Amount Invested.

$2,000
4,000

$2,350 00
4,520 00

$2.400 00
4,600 00

$6,000

$6,870 00

$7,000 00

$3,006
2,240
1,150
9,215
5,400
1,771
6,362
5,000
8,262
7,017
2,375
600
1,273
2,400
947
6,925
6,925
9,176
2,400
2,618
3,042
3,322
4,612

$3,175
2,500
1,000
7,600
8,382
1,878
6,000
6,575
6,820
7,000
3,562
540
1,500
2,871
1,190
6,250
5,541
8,142
3,300
1,700
2,600
4,187
5,473

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Blue Hill Nat’l Bank, Milton,.
Boston Nat’l Bank, Boston,
Central Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
First Nat’l Bank, Provincetown,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Home Nat’l Bank, Brockton, .
Howard Nat’l Bank, Boston, .
Manufacturer’ Nat’l Bank, Boston,
Market Nat’l Bank, Boston,
Mt. Vernon Nat’l Bank, Boston,
Nat’l Bank of the Republie, Boston,
Nat’l Revere Bank, Boston,
Old Boston Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
State Nat’l Bank. Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,500
2,000
1,000
7,600
5,000
1,500
5,000
5,000
5,400
7,000
2,500
500
1,100
2,500
1,000
5,000
5,000
7,400
2,000
1,700
2,600
3,000
4,500
$80,800

25
00
00
00
00
87
50
00
00
50
00
00
25
00
50
00
00
00
00
00
00
50
50

$96,041 87

00
00
00
00
50
75
00
00
00
00
50
00
00
88
00
00
67
81
00
00
00
50
42

$97,791 03

316

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

R a ilr o a d B onds .

Par Value.

Fitchburg R.R. 5s, .
Boston, Rev. Beach & Lynn R.R. 6s,
Boston, Clinton & Fitchburg, R.R. 7s,
Vermont & Massachusetts R.R. 5 s ,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

110,000
1,000
3.000
6.000

$11,200
1,170
3,270
6,780

00
00
00
00

$20,000

$22,420 00

Amount Invested.

$11,175
1,142
3,457
6,660

00
50
50
00

$22,435 00

1 8 8 7 .]

P U B L IC

317

DO CU M EN T — N o. 8

SHAWME SAVINGS BANK — SANDWICH.
Incorporated March 11, 1886. Number of corporators, 14.

Geo.

T.

H. G. 0.

M c L a u g h l i n , P resid en t.

E l l i s , Treasurer.

Statem en t.

A ssets .

L ia b ilit ie s .

Deposits,
Amount paid by treasurerin excess of de*
posits,
.

$15 00

Expense account,

.

7 05
$22 05

Number of open a c c o u n ts ,...................................................................2
Number and amount of deposits (including dividends) received for previous
y e a r , ....................................................................................................2
Number of accounts opened the previous y e a r , ................................. 2
Amount of expenses of the corporation during previous year, . . .
.
.
Amount of treasurer’s bond, .................................................. • .
Date of visitation by the commissioner ; September 17.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$22 05

$22 05

$15 00
22 05
10,000 00

318

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

SHELBURNE FALLS SAYINGS BANK — SHELBURNE FALLS.
Incorporated 1855.
F. A.

Number of corporators, 51.
A. K.

B a l l , P resid en t.

H a w k s , Treasurer.

Statem ent.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$693,246 49
8,209 96
26,000 00

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Real estate,
. . . .
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
.................................
Bonds of Lamson & Goodnow
Manufacturing Company to
secure indebtedness,
Cash on hand, . . . .

$727,456 45

$181,000
34,900
60,000
4,000
335,941
52,490
32,022

00
00
00
00
00
92
63

5,296 55
19,650 00
2,155 35
$727,456 45

Invested in real estate (for banking purposes)................................................$4,000 00
Estimated value of the same,...........................................................................
4,000 00
Amount of municipal tax on real estate,
.
..........................................
44 37
Cash on Deposit in Banks, amount in each: —
Maverick National Bank, Boston,..........................................
Shelburne Falls National Bank, Shelburne Falls,..........................................
Springfield Safe Deposit and Trust Company, Springfield, . . . .
Athol National Bank, AthoJ,...........................................................................
Conway National Bank, Conway,...................................................................
Orange National Bank, O r a n g e ,...................................................................

$2,022 63
5,296 55
5,000 00
10,000 00
10 000 00
5,000 00

Whole amount of interest or profits received or earned,
.
.
.
.
$46,583 19
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f
14,269 28
y e a r , ................................................................................... J 2 per cent., 1
13,637 94
Times for the dividends, fixed by the by-laws: April 10 and October 10.
The total amount of loans, with each specified rate of interest: $388,431.92,
5 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ....................................................................................................... 324
Aggregate amount of the s a m e , ...................................................................
249,262 92
Number of open accounts..................................................................3,032
Number and amount of deposits (including dividends) received for previous
year...................................................................................................
1,256
104,444 36
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................. 50
29,194 00
Number and amount of withdrawals,..........................................
1,508
163,530 01
Number of accounts opened the previous y e a r , ..................................273
Number of accounts closed the previous y e a r , .....................................386
Amount of expenses of the corporation during previous year, .
.
.
1,773 50
Amount of treasurer’s bond...............................................................................
15,000 00
Date of examination by commissioner : July 12.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

319

D O C U M E N T — N o. 8
P ublic F unds .

Par Value.

United States 4s,
City of Boston 6s, .
of Boston 5s, .
of Fall River 6s,
of Fall River 5s,
of Lynn 5s and 6s, .
of Providence, R. I., 5s, .
of Milwaukee, Wis., 7s, .

$40,000
30,000
20,000
14,000
20,000
12,000
15,000
30,000
$181,000

Estimated
Market Value.

$51,000
34,500
24,200
16,380
21,600
14,120
18,100
32,400

00
00
00
00
00
00
00
00

$212,300 00

Amount Invested.

$40,000
30,000
20,000
14,000
20,000
12,000
15,000
30,000

00
00
00
00
00
00
00
00

$181,000 00

B a n k St o c k .

Shelburne Falls Nat’l Bank, Shel­
burne F a lls,.....................................
Conway Nat’l Bank, Conway, .
First Nat’l Bank, Northampton,
Adams Nat’l Bank, North Adams, .

$24,000
6,900
5,000
5,000

$18,000
7,900
6,250
7,000

00
00
00
00

$18,000
6,900
5,000
5,000

00
00
00
00

$40,900

$39,150 00

$34,900 00

$40,000
20,000

$44,800 00
22,400 00 .

$10,000 00
20,000 00

$60,000

$67,200 00

$60,000 00

R ailr o ad B onds .

Fitchburg R.R. 5s, .
Vermont & Massachusetts R.R. 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

320

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

SOMERVILLE SAVINGS BANK — SOMERVILLE.
Incorporated Feb. 24, 1885. Number of corporators, 18.
O r e n S. K n a p p , P resid en t .

F r e d e r i c W . S t o n e , Treasurer.
Statem ent.

A ssets.

L iab ilities .

Deposits,
Earnings undivided, .
Guaranty fund, .

$50,762 32
687 83
100 00

$3,000
1,500
1,000
35,350
6,950
2,613
188
868
80

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest,
Expense account,
Premium account, .
Cash on hand, . . . .

00
00
00
00
00
17
67
10
21

$51,550 15

$51,550 15

Cash on Deposit in Banks, amount in each : —
Market National Bank, B o s t o n ,...................................................................$(579 79
Boston Safe Deposit and Trust Co............................................................ ........
1,933 38
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous j l j per cent., f
y e a r , ....................................................................................J 1^ per cent., 1
Times for the dividends, fixed by the by-laws : June 1 and December 1.
The total amount of loans, with each specified rate of interest : $2,000,
4 per cent. ; $24,350, 5 per cent. ; $8,500, 5£ per cent. ; $7,450,6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .......................................................... ' ...................................22
Aggregate amount of the same,
.
.
.
.
.
.
.
.
.
Number of open a c c o u n ts ,................................................................... 349
Number and amount of deposits (including dividends) received for pre­
vious year.........................................................................................
1,145
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .
.
.
.
.
.
.
.
.
.
37
Number and amount of withdrawals, .
•
.................................. 295
Number of accounts opened the previous y e a r , ..................................232
Number of accounts closed the previous y e a r , ..................................68
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner: June 21.

$1,493 04
228 68
433 87

29,300 00

47,533 55
20,798 00
19,487 23

302 75
5,000 00

P ublic F un d s .

Par Value.

City of Somerville 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,000

Estimated
Market Value.

$3,225 00

Amount Invested.

$3,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

321

B a n k St o c k .

Par Value.

Merchants’ Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,

Estimated
Market Value.

Amount Invested.

$1,000
500

$1,395 00
525 00

1,000 00
500 00

$1,500

$1,920 00

$1,500 00

$1,130 00

$ 1,000 00

R a ilr o a d B onds .

Vermont & Massachusetts R.R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1,000

B A N K C O M M IS S IO N E R S ’ R E P O R T .

322

[Jan

SOUTH ADAMS SAVINGS BANK — ADAMS.

Incorporated 1869.

H enry

J.

B l i s s , P resid en t.

Number of corporators, 9.

H a r v e y H . W e l l i n g t o n , T reasurer.
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$638,318 62
5,554 92
21,500 00

$665,373 54

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in bank, on interest, .
Deposit in bank, not on inter­
est,
..................................
Expense account, .
Premiums,
. . . .
Cash on band, . . . .

$112,000
46,300
45.000
266,068
139,560

00
00
00
00
00

22.000 00
18,474 35
5,000
495
10,328
147

00
46
00
73

$665,373 54

Cash on Deposit in Bank: —
First National Bank, Adam s,........................................................................... $23,474 35
’Whole amount of interest or profits received or earned,
. . . .
$34,484 43
Rate and amount of each semi-annual dividend for previous i
per cent., f 13,250 00
y e a r , ....................................................................................J 2 per cent., 1
12,173 42
Times for the dividends, fixed by the by laws : January and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4£.
Date of the last extra dividend: January 1, 1883.
The total amount of loans, with each specified rate of interest: $7,000, 4J
percent.; $93,500, 5 per cent.; $324,103, 6 per cent.; $3,025, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,..........................................................................................203
Aggregate amount of the s a m e , ...................................................................
175,328 00
Number of open accounts..................................................................1,918
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...................................................................................
5,715 169,844 42
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.......................................................................
99
54,460 21
Number and amount of withdrawals,..........................................
1,107
144,611 86
Number of accounts opened the previous y e a r , ............................... 414
N umber of accounts closed the previous y e a r , ............................... 268
Amount of expenses of the corporation during previous year, .
.
.
2,090 63
Amount of treasurer’s b o n d ,...........................................................................
50,000 00
Date of examination by commissioner : May 14.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

323

D O C U M E N T — N o. 8
P ublic F unds .

Par Value.

United States 4Js, .
.
.
.
United States 4s...................................
District of Columbia bonds, .

$18,000
22,000
10,000

City and town bonds : —
City of Boston,
.
.
.
.
of Somerville, .
.
.
.
of Cambri dge, .
.
.
.
of L o w e l l , ...............................
of Cleveland, Ohio,
. *
of East Saginaw, Mich., .
of Providence, R. I.,
Town of Natick,
.
.
.
.
of Clarksburg,
of Adams,
.
.
.
.

6,000
10,000
1,000
1,000
2,000
7,500
1,000
8,000
8,000
22,500
$112,000

Estimated
Market Value.

$20,600 00
28,270 00
11,250 00
7,550
10,975
1,080
1,120
2,500
8,150
1,250
3,210
8,000
26,550

00
00
00
00
00
00
00
00
00
00

$130,505 00

Amount Invested.

$18,000 00
22,000 00
10,000 00
6,000
10,000
1,000
1,000
2,000
7,500
1,000
3,000
8,000
22,500

00
00
00
00
00
00
00
00
00
00

$112,000 00

B a n k St o c k .

Third Nat’l Bank, Pittsfield, .
First Nat’l Bank, Woburn,
First Nat’l Bank, Adams,
First Nat’l Bank, New buryport,
First Nat’l Bank, Worcester, .
Franklin Co. Nat’l B’k, Greenfield,
Adams Nat’l Bank, No Adams,
Lancaster Nat’l Bank, Clinton,
Lee Nat’l Bank, Lee,
Berkshire Nat’l Bank, No. Adams, .
Lincoln Nat’l Bank, Boston, .

$500
2,500
17,600
2,500
2,000
2,500
3,500
200
2,500
7,500
5,000
$46,300

$600
3,500
24,500
3,150
4,000
2,500
5,250
100
3,500
7,500
5,500

00
00
00
00
00
00
00
00
00
00
00

$60,100 00

$500
2,500
17,600
2,500
2,000
2,500
3,500
200
2,500
7,500
5,000

00
00
00
00
00
00
00
00
00
00
00

$46,300 00

R a ilr o ad B onds .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,000
3,000
16,000
3,000
5,000
5,000
10,000
$45,000

00
00
00
00
00
00
00

$3,000
3,000
16,000
3,000
5,000
5,000
10,000

00
09
(0
00
00
00
00

$53,080 00

O
o
'
IO
1^

Fitchburg R.R.,
Boston & Lowell R R., .
Boston & Albany R.R., .
Old Colony R.R.,
Conn. & Passumpsic Rivers R.R.,
Nashua & Rochester R.R.,
Vermont & Massachusetts R.R.,

00

$3,360
3,420
19,440
3,360
6,000
5,500
12,000

324

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan.

SOUTHBRIDGE SAYINGS BANK — SOUTHBRIDGE.
Incorporated 1848. Number of corporators, 68.
R obt.

H.

C o l e , P resid en t.

Charles

D.

M o n r o e , Treasurer.

St at e m e n t.

L ia b ilit ie s .

Deposits, .
$1,274,127 63
24,552 99
Earnings undivided, .
Guaranty fund, .
26,800 00

A ssets .

Public funds..............................
Loan on public funds,
Bank stock................................
Railroad bonds,
. . . .
Real estate,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, on interest, .
Expense account, .
Expense on print works,
Steel safe,
. . . .
Premium,..................................
Cash on hand, . . . .

$1,325,480 62

$482,000
45.000
58,319
113,000
4,800
61,750
160.900
325,100

00
00
88
00
00
00
00
00

28.500
21.000
1,151
2,090
800
15.500
5,568

00
00
70
20
00
00
84

$1,325,480 62

Loan on Public Funds: —
On $50,000 District of Columbia 3-65s.....................................................
Invested in real estate (for banking purposes)
Estimated value of the s a m e , ...................................................... .............
61,750
Amount of real estate held by foreclosure,............................
Assessed value of the s a m e ,.....................................................
80,000
Amount of income received from the sam e,............................
3,000
Amount of municipal tax on real estate,
.
.
.
.
.
.
.

$45,000 00
$4,80000
5,000 00
00
00
00
1,400 00

Cash on Deposit in Bank : —
Southbridge National Bank, Southbridge..................................... $21,000

00

Whole amount of interest or profits received or earned,
.
. . .
$60,276 61
Rate and amount of each semi-annual dividend forprevious } 2 per cent., f
23,291 50
year........................................................................................... 12 per cent., I
23,974 22
Times for the dividends, fixed by the by-laws : first Wednesday in Janu­
ary and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 4J.
Date of the last extra dividend: July, 1883.
The total amount of loans, with each specified rate of interest: $45,000, 3
per cent.; $202,900, 4 per cent.; $50,000, 4.^ per cent.; $65,000, 4£ per
cent.; $61,900, 5 per cent.; $4,800, 5£ per cent.; $98,700, 6 percent.;
$10,900, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 ea ch ,............................................................................................ Ill
Aggregate amount of the s a m e , ...................................................................
151,700 00
Amount of investments from which no income is received,. . . .
800 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

325

D O C U M E N T — N o. 8

Number of open a c c o u n t s ,...........................................................3,271
Number and amount of deposits (including dividends) received for pre­
vious year,
.
...................................................................
2,036 $214,837 99
Number and amount of deposits of and exceeding $300 atany one time,
for the previous y ea r,............................................................................. 120
67,335 93
Number and amount of withdrawals,.................................
1,428
151,621 69
Number of accounts opened the previous y e a r , .....................................396
Number of accounts closed the previous y e a r , ..................................... 263
Amount of expenses of the corporation during previousyear,
.
.
.
3,461 09
Amount of treasurer’s b o n d ,...........................................................................
30,000 00
Date of examination by commissioner : June 24.
P ublic Fu n d s .

'

Par Value.

$30,000
135,000
5,000

United States 4s,
United States 4Js, .
District of Columbia 7s, .
City and town bonds : —
City of Cambridge 6s, .
of Charlestown 6s, .
of Lynn 6s,
of Newton 6s, .
of Salem 5s,
of Waterbury, Conn , 7s,
of Chelsea 6s, .
of Chelsea 4-J-s,
of Holyoke 6s,
of Lawrence 6s,
of New Bedford 6s,
of New Bedford 5s,
of Springfield 7s,
of Worcester 6s,
of Fall River 6s,
of Portland, Me., 6s,
of Fitchburg 6s,
Town of Arlington 6s, .
of Brookline 7s,
of Malden 6s,
of Northampton 6s,
of Pawtucket, R. I., 5s,
of Beverly 4s,
of Woburn 6s,
•

21,000
13,000
8,000
5,000
10,000
10,000
12,000
18,000
20,000
10,000
5,000
10,000
10,000
10,000
26,000
9,000
5,000
10,000
20,000
20,000
20,000
20,000
10,000
10,000
$482,000

Estimated
Market Value.

$38,512 00
156,937 00
5,900 00
24,885
14,430
8,840
6,625
12,000
12,7( 0
14,160
18,540
25,000
11,600
6,800
11,900
10,075
11,300
31,980
9,045
5,525
11,100
26,800
22,500
22,400
22,500
10,500
11,600

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$564,154 00

Amount Invested.

$30,000 00
136,600 00
5,400 00
22,300
14,000
8,000
5,000
10,000
10,000
12,000
18,000
20,000
10,000
5,000
10,000
10,000
10,600
27,000
9,000
5,000
10,000
20,000
20,000
20,000
21,000
10,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00*
00

$488,900 00

B a n k St o c k .

Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Citv Nat’l Bank, Boston, .
Columbian Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$4,000
1,800
1,200
500

$4,480
2,394
1,212
625

00
00
00
00

$4,000
1,800
1,200
500

00
00
00
00

326

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

B a n k S tock — Concluded.

Par Value.

Freeman’s Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
Revere Nat'l Bank, Boston,
Washington Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
City Nat’l Bank, Worcester, .
Quinsigamond Nat’l B’k, Worcester,
Leicester Nat’l Bank, Leicester,
Southbridge Nat’l B’k, Southbridge,

Estimated
Market Value.

Amount Invested.

$10,000
2,200
2,-500
2,000
1,000
5.000
1,000
500
1,800
2,000
2,400
13,800

$10,000
3,157
3,100
2,500
1,200
5,525
1,270
597
2,385
2,300
2,832
19,320

$51,700

$62,897 00

$58,319 88

$10,775
29,625
24,400
12,100
3,600
5.975
15,450

$39,500
28,100
20,000
10,000
3,400
5,600
15,000

00
00
00
00
00
00
00
00
00
00
00
00

$13,400
2,200
2,500
2,000
1,150
6,050
1,236
635
2,016
2,380
2,762
14,490

00
00
00
00
00
00
25
63
00
CO

00
00

R ailr o ad B onds .

Boston & Albany R.R. 7s,
Boston & Maine R.R. 7s,
Boston & Lowell R.R. 7s,
Old Colony R.R. 7s,
.
Fitchburg R.R. 7s, .
Fitchburg R.R. 6s, .
Fitchburg R.R. 4s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

$35,000
25,000
20,000
10,000
3,000
5,000
15,000
$113,000

00
00
00
00
00
00
00

$131,925 00

00
00
00
00
00
00
00

$121,600 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

327

SOUTH BOSTON SAYINGS BANK — BOSTON.
Incorporated 1863. Number of corporators, 68.
T h o m a s H i l l s , P resid en t.

E d w a r d H . B a r t o n , Treasurer.
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits,
$1,716,478 43
24,102 63
Earnings undivided, .
Guaranty fund, .
53,683 00
70 82
Charges on mortgages,
Real estate,
1
20,000 00
Suspense account,

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest, .
Cash on hand............................

$1,814,334 88

$105,935
98,320
18,000
50.000
40,576
851,164
530,000

75
00
00
00
42
30
00

15.000 00
99,725 45
5,612 96
$1,814,334 88

Invested in real estate (for banking p u rp o se s),............................................... $50,000 00
Estimated value of the same,...........................................................................
50,000 00
Amount of real estate held by foreclosure,.......................................................... 40,576 42
Assessed value of the same, .
.
51,200 00
Amount of income received from the sam e,............................................................ 2,412 65
...................................................
1,436 53
Amount of municipal tax on real estate,
Cash on Deposit in Banks, amount in each: —
Tremont National Bank, Boston, .
.......................................... $31,018 96
Howard National Bank, Boston................................................................
. 68,706 49
Whole amount of interest or profits received or earned,
. . . .
$78,775 48
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 27,771 88
y e a r , ..................................................................................... >2 per cent., 1
29,691 73
Times for the dividends, fixed by the by-laws: third Wednesday in
April and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4£.
Date of the last extra dividend: April 16, 1884.
The total amount of loans, with each specified rate of interest: $150,000, 4
per cent.; $50,000, 4| per cent.; $160,000, 4| per cent.; $86,500, 4£ per
cent.; $70,000,4| per cent.; $515,744.30, 5 per cent.; $72,620, 5^ per cent.;
$168,350, 6 per cent.; $53,800, 6£ per cent.; $35,500,7 per cent.; $12,900,
7i per cent.; $5,750, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each...................................................................................................294
Aggregate amount of the same,
...................................................................
409,614 30
Amount of investments from which no income is received, . . . .
18,000 00
Number of open accounts........................................
10,564
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
13,944
703,263 10
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,........................................................................... 353
203,729 08


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

B A N K C O M M IS S IO N E R S ’ R E P O R T

328
I

Number and amount of withdrawals,
..................................
Number of accounts opened the previous year, .
Number of accounts closed the previous year,
. . . .
Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bond...............................................................
Date of examination by commissioner : February 8.

[Jan

7,118 $470,544 50
1,893
1,037
6,513 28
20,000 00

P ublic F un ds .
Estimated
Market Value.

Par Value.

District of Columbia,
City of Chelsea,
.
.
.
.
of Bangor, Me.,
of New London, Conn., .
of Norwich, Conn., .
of Portland, Me.,
of Fall River, .
.
.
.
of Grand Rapids, Mich.,.
of Dayton, Ohio,
Town of Pawtucket, R. I.,
of Everett, .
.
.
.

$4,000
7,000
8,000
10,000
24,000
15,000
10,000
5,000
16,000
8,000
1,000
$108,000

$4,706
8,015
9,320
13,533
28,180
18,900
13,300
6,283
16,586
9,400
1,130

67
00
00
33
00
00
00
33
67
00
00

$129,355 00

Amount Invested.

$4,000
6,860
7,320
10,000
24,000
13,775
10,000
5,000
16,000
„ 8,000
980

00
00
00
00
00
00
00
00
00
00
75

$105,935 75

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
Massachusetts Nat’l Bank, Boston, .
No. American Nat’l Bank, Boston, ,
Shoe & Leather Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .

$11,100
7,500
6,000
10,000
6,000
2,800
4,500
4,500
500
5,000
10,500
2,200
15,000
13,300
$98,400

$12,264
9,525
. 7,500
12,700
5,700
2,392
4,275
4,725
507
5,525
10,500
2,178
15,375
13,566

50
00
00
00
00
00
00
00
50
00
00
00
00
00

$106,733 00

$11,100
7,500
6,'100
10,000
6,000
2,300
4,500
4,500
500
5,000
10,420
2,200
15,000
13,300

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$98,320 00

R ailr o ad B onds . •

New Bedford R.R., .
Old Colony R.R.,
.
Boston & Maine R.R.,
Fitchburg R R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

.
.

.
.

$1,000
1,000
6,000
10,000
$18,000

$1,223
1,059
7,325
10,466

33
17
00
67

$20,074 17

$1,000
1,000
6,000
10,000

00
00
00
00

$18,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

329

SOUTH SCITUATE SAYINGS BANK— SOUTH SCITUATE.
Incorporated April 2, 1834. Number of corporators, 28.
E b e n e z e r T. F ogg , T rea surer.

John F . S im m o n s , P resid en t.
S tat em en t .

A ssets .

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .
Suspense account,

$464,354
7,171
11,880
410

35
51
00
27

Bank stock,
.
.
.
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in bank, on interest, .
Cash on hand, . . . .

$483,816 13

$56,505
24,799
304,755
64,937

00
81
13
00

25,950 00
6,019 00
850 19
$483,816 13

Amount of real estate held by foreclosure,.................................................. $24,799 81
Assessed value of the same, .
.
.
.
.
.
.
.
.
.
18,600 00
Amount of income received from the same,...................................................
1,650 40
Amount of municipal tax on real e s t a t e , ..................................................
249 48
Cash on Deposit in Bank: —
Boston National Bank, B o s t o n , .......................................... ........

$6,019 00

Whole amount of interest or profits received or earned,
. . . .
$22,647 58
Rate and amount of each semi-annual dividend for previous 12 percent.,! 9,117 78
y e a r , ....................................................................................) 2J per cent., 1 11,509 80
Times for the dividends, fixed by the by-laws: last Saturday in January
and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7\.
Date of the last extra dividend: January, 1875.
The total amount of loans, with each specified rate of interest: $10,000, 4
percent.; $10,000, 4^ per cent.; $67,025, 5 per cent.; $35,150, 5^ per
cent.; $262,754.13, 6 per cent.; $10,713, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,................................................................................................ 375
Aggregate amount of the s a m e , ...................................................................
278,343 24
Amount of investments from which no income is received,. . . .
1,000 00
Number of open a c c o u n t s ,...........................................................1,236
Number and amount of deposits (including dividends) received for pre­
vious y e a r ,............................................................................................ 310
56,904 89
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .
24
14,943 00
Number and amount of withdrawals,................................................... 471
55,656 17
Number of accounts opened the previous y e a r , .......................................98
Number of accounts closed the previous y e a r , ..................................... 104
Amount of expenses of the corporation during previous year, .
.
.
1,166 00
Amount of treasurer’s b on d ,..........................................
10,000 00
Date of examination by commissioner : May 26.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

330

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k St o c k .

Par Value.

Atlantic Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
City Nat’l Bank, Boston,.
Commerce Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Fourth Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hingham Nat’l Bank, Hingham,
Howard Nat’l Bank, Boston, .
Hamilton Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,.
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Revere Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Traders’ Nat’ l Bank, Boston, .
Union Nat’l Bank, Weymouth,
Union Nat’l Bank, Boston,
Union Market N’l B’k, Watertown,
Washington Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
1,800
3,200
2,300
3,000
800
2.300
2,600
300
2,800
1,400
1,500
1,500
500
1,000
4,500
1,000
1,300
4,800
1,700
2,300
4,300
1,000
1,300
1,600
2,000
$51,800

Estimated
Market Value.

$1,330
2,178
3,936
2,323
3,810
1,016
2,514
2,860
285
2,920
1,638
1,875
2,085
475
1,430
6,030
1,040
1,547
6,952
2,350
2,201
4,945
1,380
1,807
2,000
2,040

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$62,967 00

Amount Invested.

$1,300
2,016
4,000
2,300
4,000
800
2,300
2,600
300
3,556
1,400
1,500
1,500
500
1,000
4,700
1,000
1,300
4,800
1,900
2,300
4,300
1,133
2,400
1,600
2,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$56,505 00

P U B L IC

1 8 8 7 .]

D O C U M E N T — N o. 8

331

SOUTH WEYMOUTH SAVINGS BANK — SOUTH WEYMOUTH.
Incorporated 1868.

Number of corporators, 34.
A. E. V inxng , T reasurer.

Josiah R e e d , P resid en t.
S t a t em en t .

L ia b ilit ie s .

Deposits, •
Earnings undivided, .
Guaranty fund, .

A ssets .

$465,193 86
8,789 80
10,300 00

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Deposit in bank, on interest, .
Expense account,
Suspense account, .
Premium account, .
Taxes paid,
. . . .

$484,283 66

$40,000
125,401
650
65,500
166,646
65,140
12,255
443
21
8,198
25

00
87
00
00
25
16
58
80
75
75
50

$484,283 66

Loans on Bank Stock, amount on each: —
On 2 shares First National Bank, South Weymouth......................................
On 6 shares Union National Bank, W eym outh ,..........................................

$200 00
450 00

Cash on Deposit in Bank: —
First National Bank, South Weymouth,,

.

.

.

.

.

.

.

$12,255 58

Whole amount of interest or profits received or earned,
. . . .
$23,332 22
Rate and amount of each semi-annual dividend for previous } 2 per cent., f
8,584 45
y e a r , ........................................................................... i 2 per cent., 1
8,791 57
Times for the dividends, fixed by the by-laws: second Wednesday in Jan­
uary and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7£.
Date of last extra dividend: January, 1875.
The total amount of loans, with each specified rate of interest: $54,090,
5 per cent.; $18,640.16, 5£ per cent.; $109,682.25, 5£ per cent.; $45,025,
6 per cent.; $5,000, 6J per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,............................................................................................... 178
Aggregate amount of the s a m e , ..................................................
135,006
75
Amount of investments from which no income is received, . . . .
21 75
Number of open a c c o u n ts ,.......................................................... 1,176
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................. 650
74,308 87
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................. 53
28,721 01
Number and amount of withdrawals,................................................... 468
53,974 50
Number of accounts opened the previous y e a r ,..................................... 135
Number of accounts closed the previous y e a r , .......................................69


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

332

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan
$1,239 51

Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bond,...........................................................
Date of examination by commissioner : May 18.

10,000 00

P ublic F unds .

i

Par Value.

City of Worcester 4^s, .
of Fall River 4s,
Town of Dalton 4 s,.
of Weymouth 4s, .

$5,000
5.000
5.000
25,000
$40,000

Estimated
Market Value.

$5,700
5,250
5,200
26,250

00
00
00
00

$42,400 00

Amount Invested.

$5,000
5.000
5.000
25,000

00
00
00
00

$10,000 00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Market Natl Bank, Boston,
New England Nat’l Bank, Boston, .
North America Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Shoe and Leather Nat’l B’k, Boston,
Second Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Webster Nat’l Bank, Boston, .
Union Nat’l Bank, Weymouth,
First Nat’l Bank, South Weymouth,

R

a il r o a d

Vermont & Massachusetts R.R. 5 s ,.
Old Colony R.R. 6s..............................
Old Colony R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

B

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00

$5,540
8,203
4,994
5,000
3,232
6,095
1,639
4,131
5,000
4,575
7,238
1,800
5,330
6,560
9,166
5,325
5,017
8,253
4,775
2,835
2,021
3,978
6,194
1,170
7,351

$4,000
7,500
3,900
5,000
3,000
5,600
1,500
4,000
5,000
3,500
7,500
2,000
4,000
6,000
7,500
4,500
4,000
7,500
5,000
2,000
1,800
3,700
6,000
1,000
6,000

$5,340
9,000
4,875
6,350
3,540
7,112
1,620
3,800
5,875
4,891
7,200
1,820
5,740
6,300
9,375
5,580
5,540
8,925
5,075
3,000
1,989
3,792
6,120
1,150
7,560

25
99
62
00
75
88
00
75
00
87
75
00
50
25
50
00
50
00
00
00
75
62
89
00
00

11,500

$131,569 50

$125,401 87

$5,625 00
4.820 00
3,630 00

$5,000 00
4,000 00
3,000 00

o n ds.

$5,000
4,000
3,000

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

333

R a ilr o a d B o n d s — Concluded.

Par Value.

Fitchburg R.R 6s, .
Fitchburg R.R. 7s, .
Boston & Providence R.R. 7s,
Fitchburg R.R. 4s, .
Boston & Lowell R.R. 7s,
Nashua & Lowell R.R. 6s,
Boston & Albany R.R. 6s,
Old Colony R.R. 4s,
. .
Boston & Maine R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$4,000
3.000
5.000
3.000
16,000
1.000
10,000
10,000
1,500
$65,500

Estimated
Market Value.

$4,780
3.600
5,925
3,090
18,805
1,120
11,800
10,550
1,777

00
00
00
00
00
00
00
00
50

$75,522 50

Amount Invested.

$4,000
3.000
5.000
3.000
16,000
1.000
10,000
10,000
1,500

00
00
00
00
00
00
00
00
00

$65,500 00

B A N K C O M M IS S IO N E R S ’ R E P O R T .

334

[Jan

SPENCER SAVINGS BANK — SPENCER.
Incorporated 1871. Number of corporators, 26.
C. T. Linley, Treasurer.

E rastus Jo nes , President.
S t a t em en t .

A ssets .

L ia b il it ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .

$446,700 17
11,032 32
8,025 00

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, on interest, .
Expense account,
Premium account, .

$120,000
41,400
9,000
37,000
159,222
45,065

00
00
00
00
50
00

42,500
3,829
331
7,408

00
90
14
95

$465,757 49

$465,757 49

Loans on Bank Stock, amount on each: —
On 40 shares Spencer National Bank, Spencer, .
.
On 20 shares Manufacturers’ National Bank, Boston, .
On 30 shares Lincoln National Bank, Boston,
.
.
On 10 shares First National Bank, Webster,.

.

.

*$4,000 00

.

5,000 00

Spencer National Bank, Spencer,..........................................

$3,829 90

Cash on Deposit in Bank: —

$21,491 24
Whole amount of interest or profits received or earned,
. . . .
7,555 16
Rate and amount of each semi-annual dividend for previous ) 2 per cent., i
7,883 81
y e a r , .................................................................................... J2 per cent., I
Times for the dividends, fixed by the by-laws: January and July.
The total amount of loans, with each specified rate of interest: $29,500, 4
per cent.; $29,500, 4£ per cent.; $20,070, 5 per cent.; $168,222.50, 5£ per
cent.; $8,000, 6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................132
113,662 50
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,................................................................... 1,678
Number and amount of deposits (including dividends) received for pre­
119,993 36
vious y e a r , ............................................................................................ 1,761
Number and amount of deposits of and exceeding $300 at any one time,
22,418 82
for the previous y e a r ,................................................................................ 58
74,122 77
Number and amount of withdrawals,..................................................... 920
Number of accounts opened the previous year, .
.
. . .
. 339
Number of accounts closed the previous y e a r , .....................................201


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* This bank has been notified that this loan exceeds the legal limit.

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

335

Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : February 23.

$774 15
20,000 00

P ublic F unds .

Par Value.

City of Cleveland, Ohio, 4s, .
of Cleveland, Ohio, 3-65s,
of Dayton, Ohio, 4s,
of Columbus, Ohio, 4s, .
of Lynn, ,5s..................................
of Bangor, Me., 7s, .
of New Bedford 4s,.
Town of Hopkinton 4s, .
of Leominster 4s, .
of Peabody 4s,
of Spencer 4s,
of Beverly 4s,
of Northampton Cs,

$9,000
7,000
3,000
12,000
10,000
3,000
5,000
5,000
1,000
10,000
42,000
12,000
1,000

$9,307
7,175
3,195
12,945
12,500
3,840
5,125
5,225
1,065
10,600
44,065
12,720
1,140

50
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$9,000
7,000
3,000
12,000
10,000
3,000
5,000
5,000
1,000
10,000
42,000
12,000
1,000

00
00
00
00
00
00
00
00
00
00
00
00
00

$128,902 50

$120,000 00

$750
360
6,608
1,122
960
5,500
2,700
1,755
2,875
9,350
6,345
750
2,100
2,800
1,610
2,875
500

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$600
300
5,600
1,100
1,000
5,000
2,000
1,500
2,500
8,500
4,700
500
1,200
2,500
1,400
2,500
500

00
00
00
00
00
00
00
00
00
oo
00
00
00
00
00
00
00

$48,960 00

O
o

f 120,000

Estimated
Market Value.

00

B a n k St o c k .

Nat’l Bank of Redemption, Boston,
Nat’l Hide & Leather B’k, Boston, .
Nat’l B’k of Commonwealth, Boston,
Nat’l Webster Bank, Boston, .
Manufacturers’ Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Palmer Nat’l Bank, Palmer, .
Spencer Nat’l Bank, Spencer, .
City Nat’l Bank, Worcester, .
Central Nat’l Bank, Worcester,
First Nat’l Bank, Worcester, .
Mechanics’ Nat’l B’k, Worcester, .
Leicester Nat’l Bank, Leicester,
First Nat’l Bank, Webster,
First Nat’l Bank, Westborough,

$600
300
5,600
1,100
1,000
5,000
2,000
1,500
2,500
8,500
4,700
500
1,200
2,500
1,400
2,500
500

—
H

$41,400

R a il r o a d B onds .

Fitchburg R.R. 4s, .
Androscoggin & Kennebec R.R. 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$8,000
3,000

$8,500 00
8,280 00

$8,000 00
3,000 00

330

B A N K C O M M IS S IO N E R S ’ R E P O R T .
R

a il r o a d

B o n d s — C o n c lu d e d .

Par Value.

‘
Boston, Clinton & Fitchb’g R.R. 7s,
Boston & Albany R.R. 7s,
Old Colony R.R. 6s,.
Boston & Maine R R. 7s,
Eastern R.R. 6s....................................
Boston & Lowell R.R. 4s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

[Jan.

$2,000
2,000
3.000
4.000
5.000
10,000
$37,000

Estimated
Market Value.

$2,250
2,360
3,630
4,880
6,500
10,250

00
00
00
00
00
00

$41,650 00

Amount Invested.

$2,000
2,000
3.000
4.000
5.000
10,000

00
00
00
00
00
00

$37,000 00

1 8 8 7 .]

P U B L IC

337

D O C U M E N T — N o. 8

SPRINGFIELD FIVE CENTS SAYINGS BANK— SPRINGFIELD.
Incorporated 1854.

Number of corporators, 35.
\

J oseph C. P y n c h o n , P resid en t.

D a n ie l J. M a r s h , T reasurer.
S ta t em en t .

A ssets .

L iab ilit ies .

Deposits,
$2,219,624 65
13,308 73
Earnings undivided, .
Guaranty fund, .
39,500 00

Public funds, . . . .
Loan on public funds,
Bank stock,
. . . .
Loans on bank stock,
Real estate.................................
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Loan on bank book,
Personal property, .
Cash on hand, . . . .

$2,272,433 38

$59,300
1,000
91,600
10,515
189,700
67,475
1,238,018
378,208
225,507
200
5,985
4,923

00
00
00
00
00
00
33
34
72
00
75
24

$2,272,433 38

Loan on Public Funds : —
On $1,000 United States Bonds........................................

$ 1,000

00

Loans on Bank Stock, amount on each : —
On 20 shares City National Bank, Springfield,
On 10 shares Chapin National Bank, Springfield, .
On 10 shares City National Bank, Springfield,
On 10 shares John Hancock National Bank, Springfield,
On 12 shares Agawam National Bank, Springfield,
On 63 shares Third National Bank, Springfield, .
On 5 shares Hadley Falls National Bank, Holyoke,
On 3 shares First National Bank, Westfield,.
On 2 shares Pynchon National Bank, Springfield,
On 5 shares Palmer National Bank, Palmer,
On 15 shares First National Bank, Springfield,
Invested in real estate (for banking purposes),
Estimated value of the same, . . . .
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$3,000 00
1,500 00
1,200
3,100
375
300
140
500
400

00
00
00
00
00
00
00

$189,700 00
189,700 00
67,475 00
57,900 00
3,624 54
2,462 72

Cash on Deposit in Banks, amount in each : —
Agawam National Bank, Springfield,
City National Bank, Springfield,
Chapin National Bank, Springfield,
Pynchon National Bank, Springfield,
Third National Bank, Springfield, .
Second National Bank, Springfield,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$55,000
5,000
50,000
28,700
60,000
26,807

00
00
00
00
00
72

338

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Whole amount of interest or profits received or earned,
. . . .
$102,284 26
Rate and amount of each semi-annual dividend for pre- ] 2 per cent ( f 38,156 58
vious y e a r , ...................................................................J 2 per cent., 1 40,666 04
Times for the dividends, fixed by the by-laws: January 15 and July 15.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend, 7.
Date of the last extra dividend: 1857.
The total amount of loans, with each specified rate of interest: $1,627,941.67,
5 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,............................................................................................... 298
Aggregate amount of the same..........................................................................
424,385 00
Amount of investments from which no income is received, . . . .
1,900 00
Number of open a c c o u n t s ,................................................................... 7,613
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
21,590
775,933 63
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ...........................................................
517
367,512 86
Number and amount of withdrawals,..........................................
4,605
445,524 19
Number of accounts opened the previous year, . . . .
1,652
Number of accounts closed the previous year,
. . . .
1,062
Amount of expenses of the corporation during previous year, .
.
.
6,075 83
Amount of treasurer’s bond...............................................................................
30,000 00
Date of examination by commissioner : April 26.
P ublic F un ds .

United States 4s,
United States 4^s, .
.
.
City of Springfield bonds,

.

Par Value,

Estimated
Market Value.

Amount Invested.

$51,700
600
7,000

$66,434 50
669 00
8,750 00

$51,700 00
600 00
7,000 00

$50,300

$75,853 50

$59,300 00

$25,000
19,075
9,450
6,000
15,000
14,375
11,550
6,600
6,080
6,720
2,400
1,500

$22,400
10,900
5,400
5,000
12,000
11,500
7,000
5,500
3,800
5,600
1,500
1,000

B a n k St o c k .

Agawam Nat’l Bank, Springfield, .
Pynchon Nat’l Bank, Springfield, .
Second Nat’l Bank, Springfield,
City Nat’l Bank, Springfield, .
Chapin Nat’l Bank, Springfield,
John Hancock N’l B’k, Springfield,
Chicopee Nat’l Bank, Springfield, .
Ware Nat’l Bank, Ware, .
First Nat’l Bank, Chicopee,
City Nat’l Bank, Worcester, .
Hadley Falls Nat’l Bank, Holyoke,.
Monson Nat’l Bank, Monson, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$20,000
10,900
5,400
5,000
12,000
11,500
7,000
5,500
3,800
5,600
1,500
1,000
$89,200

00
00
00
00
00
00
00
00
00
00
00
00

$123,750 00

00
00
00
00
00
00
00
00
00
00
00
00

$91,600 00

1 8 8 7 .j

P U B L IC

D O C U M E N T — N o. 8.

339

SPRINGFIELD INSTITUTION FOR SAYINGS — SPRINGFIELD.
Incorporated 1827.

Number of corporators, 53.

J o h n B . S t e b b i n s , P resid en t.

H e n r y S . L e e , T reasurer.
Statem en t.

L ia b ilit ie s .

Deposits,
$8,996,371 41
Earnings undivided, .
64,636 94
Guaranty fund, .
200,000 00

A ssets .

Public funds, .
Loans on public funds, .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Loans on railroad bonds and
s t o c k ,..................................
Railroad notes,
'.
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest, .
Deposit in banks, not on inter­
est,
..................................
Cash on hand, . . . .

$9,261,008 35

$2,759,450
3,000
921.500
123,700
424.000

00
00
00
00
00

1,150
75,000
114.500
43,200
2,935,350
1,097,150

00
00
00
00
00
00

297.000 00
346,630 31
41,297 96
78,080 08
$9,261,008 35

Loans on Public Funds, amount on each : —
On $1,000 United States 4s........................................................................ *
On $2,000 United States 4 ^ s ,...........................................................................

$1,000 00
2,000 00

Loans on Bank Stock, amount on each : —
On 292 shares First National Bank, Springfield,.................................. $24,650
00
On 74 shares Second National Bank, Springfield,..........................................
7,100 00
On 102 shares Third National Bank, Springfield,................................
5,300
00
On 87 shares Agawam National Bank, S p rin g field ,.......................
8,050
00
On 38 shares Chapin National Bank, Springfield..................................
3,600
00
On 215 shares City National Bank, Springfield,................................
18,450
00
On 248 shares Chicopee National Bank, Springfield,........................
19,250
00
On 38 shares John Hancock National Bank, Springfield,. . . .
2,450 00
On 3 shares Pvnchon National Bank, S p r in g fie ld ,........................
*400
00
On 20 shares Northampton National Bank, Northampton, . . . .
1,700 00
On 16 shares Lee National Bank, L e e ,.................................................
1,600
00
On 10 shares Manchester National Bank, Manchester, N. H.,
.
.
.
1,000 00
1,000
00
On 10 shares First National Bank, Amherst.........................................
On 34 shares Palmer National Bank, Palmer.............................................*3,400
00
On 8 shares Hadley Falls National Bank, H o ly o k e ,........................
800
00
On 150 shares Home National Bank, H o ly o k e ,.................................
13,000
00
On 10 shares Second National Bank, Springfield,.......................................... i
2 150 00
On 12 shares Pynchon National Bank, Springfield,
.
.
.
.
.
J
’
On 27 shares First National Bank, Springfield,..........................................I
2 000 00
On 20 shares Third National Bank, Springfield,.......................................... J
’
* This bank has been notified that these loans exceed the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

340

[Jan.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

On 6 shares Second National Bank, Springfield, .
On 4 shares Pynchon National Bank, Springfield,
On 4 shares First National Bank, Springfield,
On 5 shares Second National Bank, Springfield, .
On 8 shares Chapin National Bank, Springfield, .
On 53 shares Third National Bank, Springfield, .
On 14 shares Hadley Falls National Bank, Holyoke, .
On 9 shares First National Bank, Westfield,.
On 13 shares Hampden National Bank, Westfield,
On 23 shares Second National Bank, Springfield,.

!
!

$1,000 00

}

1,900 00

900 00

\

4,000 00

Loans on Railroad Bonds, amount on each : —
On $1,000 Boston & Albany Railroad 7 percent, bond,
On 4 shares Boston & Albany Railroad stock,
Invested in real estate (for banking purposes),
Estimated value of the same, . . . .
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$ 1,000 00
150 00
$114,500
114,500
43,200
33,000
2,911
1,688

00
00
00
00
42
32

Cash on Deposit in Banks, amount in each : —
Agawam National Bank, Springfield,
Chapin National Bank, Springfield,
Chicopee National Bank, Springfield, .
City National Bank, Springfield, .
John Hancock National Bank, Springfield, .
Third National Bank, Springfield, .
Second National Bank, Springfield,
First National ^ank, Springfield, .
Pynchon National Bank, Springfield, .
Safe Deposit and Trust Company, Springfield,
Athol National Bank, Athol............................
Hampshire County National Bank, Northampton
Home National Bank, Holyoke,
Holyoke National Bank, Holyoke,
Palmer National Bank, Palmer, .
Blackstone National Bank, Boston,

$30,438 08
20,494 94
77,093 85
32,321 89
31.000 00
76,196 59
10,975 79
6,618 56
16,158 26
10.000 00
10,000 00
15.000 00
5.000 00
10.000 00
5.000 00
31,630 31

$444,923 87
Whole amount of interest or profits received or earned,
. . . .
165,913 08
Rate and amount of each semi-annual dividend for previous ? 2 per cent.,
168,626 74
y e a r , ................................. ..................................................>2 per cent.,1
Times for the dividends, fixed by the by-laws: January and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7.
Date of the last extra dividend: July, 1864.
The total amount of loans, with each specified rate of interest: $72,000, 3J
per cent.; $30,000, 3 60-100 per cent.; $1,000, 31 per cent.; $78,000, 4
per cent.; $10,000,
per cent.; $70,500, 4£ per cent.; $4,045,850, 5 per
cent.; $150,000, 7 percent.
Number of outstanding loans which are of an amount not exceeding $3,000
. 989
each,
....................................................................................
1,253,900 00
Aggregate amount of the s a m e , ..........................................
18,200 00
Amount of investments from which no income is received, .
22,650
Number of open a c c o u n t s ,..................................................


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

341

D O C U M E N T — N o. 8

vious y e a r ,..........................................................
Number and amount of deposits of and exceeding
for the previous y e a r ,..........................................................
Number and amount of withdrawals.......................................
Number of accounts opened the previous year, .
Number of accounts closed the previous year,
Amount of expenses of the corporation during previous year,
Amount of treasurer’s b o n d ,..................................................
Date of examination by commissioner : November 23.

22,420 i£2,191,548
i time,
979,162
1,468
15,639 1,757,101
3,826
2,770
,
,
18,123
30,000
•

10
78
59

62
00

P ublic F un d s .

Par Value.

United States bonds,
District of Columbia bonds,
County of Hampden bonds,

.
.

State, city and town bonds: —
State of Maine,
.
.
.
.
of New Hampshire,
of Massachusetts, .
of Rhode Island,
of Connecticut,
City of Burlington, Vt., .
of Bangor, Me.,
of Manchester, N. H.,
of Boston,
.
.
.
.
of Cambri dge, .
.
.
.
of Charlestown,
of Chelsea,
.
.
.
.
of Fitchburg, .
.
.
.
of Holyoke,
.
.
.
.
of Lawrence, .
.
.
.
of Lowell,
.
.
.
.
of Lynn........................................
of New Bedford,
of Newburyport,
of Newton,
.
.
.
.
of Salem,
.
.
.
.
of Springfield,
of Taunton,
.
.
.
.
of Worcester, .
.
.
.
of Providence, R. I.,
of Hartford, Conn.,.
of Meriden, Conn., .
of Middletown, Conn., .
of New Haven, Conn., .
of Norwich, Conn., .
of Waterbury, Conn.,
of Cleveland, Ohio,.
Town of Brookline,
of Danvers, .
.
.
.
of Greenfield,
of Pittsfield, .
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$614,250
65,000
50,000
111,500
151,700
111,500
3,000
6,000
120,000
10,000
5,000
40,000
131,000
5,000
40,000
10,000
87,000
25,000
20,000
20,000
63,000
5,000
75,000
21,000
222,000
40,000
40,000
81,000
78,500
10,000
5,000
61,000
41,000
20,000
44,000
45,000
20,000
50,000
30,000

Estimated
Market Value.

$758,853 00
73,175 00
47,500 00
119,305
184,291
126,552
3,450
6,180
127,800
11,950
5,750
50,350
164,500
5,400
47,200
11,300
101,180
27,250
21,800
22,200
83,630
5,100
88,840
21,840
295,280
45,200
45,000
97,200
89,975
11,300
5,800
70,070
51,550
23,900
51,800
53,000
23,600
50,000
31,500

00
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$674,250 00
71,000 00
46,000 00
117,500
161,200
118,000
3,000
6,000
127,000
10,000
5,000
43,000
136,000
5,000
40,000
10,000
87,000
25,000
21,000
20,000
68,000
5,000
77,000
21,000
233,000
40,000
40,000
90,000
78,500
10,000
5,000
61,000
42,000
20,000
51,000
46,000
22,000
50,000
30,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

342

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

P ublic F unds — Concluded.

Par Value.

Town of Somerville,
of Leominster,
of Meriden, Conn.,

$10,000
3,000
30,000

Estimated
Market Value.

$10,200 00
3,000 00
31,500 00

Amount Invested.

$10,000 00
3,000 00
31,000 00

$2,620,450 $3,105,271 50 $2,759,450 00

B a n k St o c k .

First Nat’l Bank, Springfield, .
Second Nat’l Bank, Springfield,
Third Nat’l Bank, Springfield,
Agawam Nat’l Bank, Springfield, .
Chapin Nat’l Bank, Springfield,
Chicopee Nat’l Bank, Springfield, .
City Nat’l Bank, Springfield, .
J. Hancock Nat’l Bank, Springfield,
Pynchon Nat’l Bank, Springfield, .
First Nat’l Bank, Adams,
First Nat’l Bank, Chicopee,
First Nat’l Bank, Easthampton,
Waehusett Nat’l Bank, Fitchburg, .
Franklin Co. Nat’l B’k, Greenfield,
Hadley Falls Nat’l Bank, Holyoke,
Holyoke Nat’l Bank, Holyoke,
City Nat’l Bank, Holyoke,
Leominster Nat’l Bank, Leominster,
First Nat’l Bank, Leominster, .
Monson Nat’l Bank, Monson, .
First Nat’l Bank, Northampton,
Hampshire Co. N’l B’k, Northampton,
Northampton N’l B’k, Northampton,
Palmer Nat’l Bank, Palmer, .
Ware Nat’l Bank, Ware,
First Nat’l Bank, Westfield,
Hampden Nat’l Bank, Westfield,
Lee Nat’l Bank, Lee,
First Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Mt. Vernon Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$15,000
38,000
36,000
40,000
21,500
51,000
18,500
21,600
40,300
3,200
21,700
1,500
5,000
10,000
6,000
3,000
10,000
5,000
1,000
5,000
5,000
5,000
11,700
25,000
6,200
5,000
2,500
2,300
5,000
20,000
15,000
15,000
15,000
10,000
3,000
5,000
20,000
15,000
13,3 )0
15,000
2,500
5,000

$72,000 00
66,500 00
70,200 00
52,000 00
27,950 00
84,150 00
24,050 00
27,000 00
68,510 00
4,800 00
34,720 00
1,875 00
9,250 00
8,000 00
9,900 00
4,200 00
12,500 00
5,000 00
1,000 00
7,500 00
6,500 00
6,250 00
20,475 00
30,000 00
7,750 00
7,000 00
3,750 00
3,220 00
10,600 00
30,800 00
20,400 00
18,037 50
17,100 00
13,650 00
3,780 00
6,750 00
20,225 00
18,487 50
15,660 75
21,300 00
3,450 00
6,562 50

$62,000 00
57,900 00
5^,000 00
47,000 00
22,500 00
71,000 00
20,000 00
22,500 00
63,000 00
3,200 00
31,000 00
1,500 00
5,000 00
6,000 00
8,500 00
3,000 00
12,000 00
5,000 00
1,0(>0 00
5,000 00
6,000 00
5,000 00
17,500 00
29,800 00
6,200 00
7,000 00
2,500 00
3,000 00
5,000 00
20,000 00
18,000 00
15,000 00
15,000 00
10,0(0 00
3,000 00
6,000 00
20,000 00
15,000 00
13,300 00
19,000 00
2,500 00
5,000 00

1 8 8 7 .]

P U B L IC

343

D O C U M E N T — N o. 8

Bank

St o c k — C o n c lu d e d .

Par Value.

Nat’l B’k of Commonwealth, Boston,
Nat’l Bank of No. America, Boston,
Nat’l Bank of Redemption, Boston,
Nat’l City Bank, Boston, .
Nat’l Eagle Bank, Boston,
Nat’l Exchange Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Nat’l Union Bank. Boston,
North Nat’l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
State Nat’l Bank, Boston,
Suffolk Nat’ l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Washington Nat’l Bank, Boston,
Webster"Nat’l Bank, Boston, .
Nat’l Exchange B’k, Hartford, Conn.,
Phoenix NatTB’k, Hartford, Conn.,

$2,000
17,500
25,000
15,000
5,000
2,000
4,900
15,000
4,300
20,000
7,000
10,000
7,500
5,000
15,000
3,000
7,500
500
1,300

Estimated
Market Value.

$2,360
18,550
31,500
16,125
5,400
2,640
5,843
18,450
6,063
27,000
8,382
11,925
8,840
5,512
16,050
3,742
7,556
700
1,755

00
00
00
00
00
00
25
00
00
00
50
00
62
50
00
50
25
00
00

$772,300 $1,071,248 87

R

Boston & Lowell R.R.,
Boston & Albany R.R., .
Boston & Maine R R.,
Old Colony R.R.,
.
.
Fitchburg R.R.,
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.
.

a il r o a d

.
.

B

Amount Invested.

$2,000
17,500
27,000
15,000
5,000
2,000
5,000
15,000
4,300
23,000
7,000
10,000
7,500
5,000
15,000
3,000
7,500
500
1,300

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$921,500 00

onds.

$5,000
319,000
35.000
13.000
25.000
$397,000

$5,800
371,290
41,300
14,780
27,500

00
00
00
00
00

$160,670 00

$5,000
339,000
42.000
13.000
25.000

00
00
00
00
00

$424,000 00

344

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

STOCKBRIDGE SAYINGS BANK — STOCKBRIDGE.
Incorporated 1871.

Number of corporators, 17.
C.

M a s o n Y a n D e u s e n , P resid en t.

H . W i l l i s , Treasurer.

Statem ent.

A ssets .

L iab ilities .

Deposits, .
Earnings undivided, .
Guaranty fund, .
Premiums, .

1

$220,333
2,980
2,852
25

28
13
00
00

Public funds, . . . .
Bank stock,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in bank, not on inter­
est,
.................................
Suspense account, .
Cash on hand, .

00
50
20
25
36

12,143- 06
348 28
1,586 76
$226,190 41

$226,190 41

Amount of real estate held by foreclosure, . .
Assessed value of the same, .
.
.
.
.
Amount of income received from the same, . .
Amount of municipal tax on real estate,
. .

$1,820
34,999
3,108
133,943
38,242

.
.
.
.

.
.
.
.

.
.
.

$3,108
1,650
225
15

.

20
00
00
84

Cash on Deposit in Bank: —
Housatonic National Bank, Stockbridge..................................

.

.

*$12,142 06

.
.
. $12,205 64
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous 12i per cent., f
4,275 30
4,300 00
y e a r , ...................................................................................... 12| per cent., l
Times for the dividends, fixed by the by-laws: first Thursday in April
and October.
The total amount of loans, with each specified rate of interest: $93,713.23,
6 per cent.; $56,818.38, 7 per cent.; $21,654, 7 3-10 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,...............................................................................................263
128,335 31
Aggregate amount of the s a m e , ...................................................................
Amount of investmentsfrom which no income is received,.
.
.
.
16,600 00
Number of open a c c o u n ts ,...................................................................... 636
TJumber and amount of deposits (including dividends) received for pre­
vious y e a r , ........................................................................................... 504
59,525 76
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .
50
29,098 15
Number and amount of withdrawals,.................................................. 328
37,333 10
Number of accounts opened the previous y e a r , .....................................131
Number of accounts closed the previous year,
.
.
.
.
.
86
Amount of expenses of the corporation during previous year, .
.
.
1,220 17
Amount of treasurer’s b o n d ,...........................................................................
25,000 00
Date of examination by commissioner : August 18.

* This bank has been notified that this deposit exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

345

P ublic F unds

•
Par Value.

$2,000

Town of Adams bonds, .

Estimated
Market Value.

$2,500 00

Amount Invested.

$1,820 00

B a n k St o c k .

First Nat’l Bank, Adams,
First Nat’l Bank, Woburn,
North Nat’l Bank, Boston,
Lincoln Nat’l Bank, Boston, .
Metropolitan Nat’l Bank, Boston, .
Exchange Nat’l Bank, Boston,
Housatonic Nat’l Bank, Stockbridge,
Berkshire Nat’l B’k, North Adams, .
Adams Nat’l Bank, North Adams, .
First Nat’l Bank, Amherst,

$2,500
7,000
2,000
3,000
3,000
2,000
2,200
3,000
300
1,000
$26,000

$3,750
9,800
2,720
3,300
3,450
2,360
4,400
3,300
450
1,540

00
00
00
00
00
00
00
00
00
00

$35,070 00

$2,970
*10,437
2,630
3,000
3,540
2,610
4,222
3,600
450
1,540

$34,999 50

* This bank bas been notified that this investment exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
50
00
00
00
00
00
00
00
00

\

346

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

STONEHAM FIVE CENTS SAVINGS BANK — STONEHAM.
Incorporated 1855. Number of corporators, 48.
W il l ia m

B.

S t e v e n s , P resid en t.

O n s l o w G il m o r e , T reasurer.
Statem ent.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$499,268 86
12,911 23
10,958 15

Public funds, . . . .
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in bank, on interest, „
Expense account, .
Profit and loss,
Cash on hand, . . . .

$214,000
10,000
21,000
3,910
151,394
42,845

00
00
00
50
73
00

60,000
14,451
1,499
944
3,092

00
32
19
67
83

$523,138 24

$523,138 24

Loan on Bank Stock: —
On 100 shares South Reading National Bank, Wakefield,

.

.

.

.

$10,000 00

Amount of real estate held by foreclosure,..................................$3,910
Assessed value of the sa m e ,.......................................................
13,497
Amount of income received from the same,...............................
411
Amount of municipal tax on real e s t a t e , ..............................
230

50
00
00
79

Cash on Deposit in Bank: —
Blackstone National Bank, B o s t o n , ..............................

$14,451

32

Whole amount of interest or profits received or earned,
. . . .
$23,894 38
Rate and amount of each semi-annual dividend for pre- 1 2 per cent., f
8,155 21
vious y e a r , .............................................................................J 2 per cent., I
8,409 48
Times for the dividends, fixed by the by-laws: first Wednesday in May and
November.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: G^.
Date of the last extra dividend: November, 1876.
The total amount of loans, with each specified rate of interest: $7,000, 3|
per cent.; $48,000, 4 per cent.; $20,000, 4J per cent.; $20,000, 5 per cent.;
$130,810, 6 per cent.; $38,429.73, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .................................................................................................... 162
Aggregate amount of the s a m e , ...................................................................
134,539 73
Amount of investments from which no income is received, . . . .
250 00
Number of open a c c o u n ts ,................................................................... 2,247
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
2,767
194,324 51
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year................................................................................. 112
70,008 26
Number and amount of withdrawals,..........................................
1,524
131,131 59


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

347

D O C U M E N T — N o. 8

Number of accounts opened the previous year, .
.
.
.
.
416
Number of accounts closed the previous y e a r , ................................. 196
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner : April 19.

$1,379 00
15,000 00

P ublic F unds .

Par Value.

County, city and town bonds: —
County of Stratford, N. H., 4s,
City of Boston 4s, .
of Haverhill 6s,
of Columbus, Ohio, 4s, .
of New Bed ford 4s,.
Town of Arlington 6s, .
of Beverlv 4s,
of Spencer 4s,
of Attleborough 4s,
of Middletown, Conn., 4s, .
of Leominster 4s, .
of Montague 4s, .

$10,000
45,000
5,000
26,000
20,000
10,000
10,000
15,000
15,000
10,000
20,000
28,000
$214,000

Estimated
Market Value.

$10,000
47,030
5,950
26.650
20,700
11,800
10,400
15,600
15,600
10,300
20,800
29,750

00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$10,000
45,000
5,000
26,000
20,000
10,000
10,000
15,000
15,000
10,000
20,000
28,000

00
00
00
00
00
00
00
00
00
00
00
00

$224,580 00

$214,000 00

$1,000
10,000
10,000

$1,185 00
11,100 00
11,150 00

$1,000 00
10,000 00
10,000 00

$21,000

$23,435 00

$21,000 00

R a ilr o ad B onds .

Boston & Revere Beach R.R. 6s,
Boston, Clinton & Fitchburg R.R. 7s,
Vermont & Massachusetts R.R. 6 s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

348

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

SUFFOLK SAYINGS BANK FOR SEAMEN AND OTHERS— BOSTON.
Incorporated 1833. Number of corporators, 185.
W i l l i a m E n d ic o t t , J r ., P resid en t.

C h a r l e s H e n r y P a r k e r , T reasurer.

St a t e m e n t .

A ssets .

L ia b ilit ie s .

Deposits, .
$19,781,573 00
Earnings undivided, .
121,843 49
Guaranty fund, .
377,108 43
Bank alterations (unused appropriation),
13,574 05
Rents,
1,294 50
Suspense, .
10,253 77
State bank tax (in suspense), .
144 62

Public funds, . . . .
Loans on public funds, .
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Railroad notes,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,.................................
Deposit in banks, on interest, .
Deposit in bank, not on intere s t , .................................
Expense account, .
Premium account, .
Cash on hand, . . . .

$20,305,791 86

$2,652,680
10,500
670,555
10,000
1,495,343
100,000
180,000
44,517
5,900,553
6,580,220

00
00

74
00
25
00
00

64
11
85

351,062 00
2,150,193 27
126,464
2,482
240
30,979

40
11
27
22

$20,305,791

86

Loans on Public Funds: —
On $10,500 United States 4s......................................

$10,500 00

Loan on Bank Stock: —
On 100 shares Spencer National Bank, .
On 20 shares Natick National Bank,
Invested in real estate (for banking purposes),
Estimated value of the same,..................................
Amount of real estate held by foreclosure, .
Assessed value of the s a m e ,..................................
Amount of income received from the same, .
,
Amount of municipal tax on real estate,

$10,000 00
$180,000 00
180,000 00
44,517 64
56,800 00
1,537 88
4,462 78

Cash on Deposit in Banks, amount in each: —
New England National Bank, Boston, .
Blackstone National Bank, Boston,
Continental National Bank, Boston,
Globe National Bank, Boston,
.
Traders’ National Bank, Boston, .
Revere National Bank, Boston,
.
Shawmut National Bank, Boston, .
Redemption National Bank, Boston,
Market National Bank, Boston,
.
.
.
.
Merchandise National Bank, Boston,
Commonwealth National Bank, Boston,
Third National Bank, B o sto n ,..............................
Columbian National Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$358,755
100,000
202,874
154,096
50,000
376,525
287,926
297,208
50,553
101,798
50,454
120,000
126,464

80
00
96
98
00
43
28
14
48
08
12
00
40

1 8 8 7 .]

P U B L IC

349

D O C U M E N T — N o. 8.

Whole amount of interest or profits received or earned,
. . . .
$813,712 50
Rate and amount of each semi-annual dividend for previous 11£ per cent., f 269,850 47
..........................................................................................»2 per cent., t 365,514 59
Times for the dividends, fixed by the by-laws : second Wednesday in April
and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend, 5t ®qDate of the last extra dividend: April, 1878.
The total amount of loans, with each specified rate of interest: $56,000, 2J
per cent.; $18,562, 2\ per cent.; $50,000, 2\ per cent.; $175,000, 3 per
cent.; $375,000, 3£ per cent.; $1,552,500, 3| per cent.; $50,000, 3£ per
cent.; $3,572,550, 4 per cent.; $591,000, 4^ per cent.; $3,304,294.08, 4£
per cent.; $10,000, 4§ per cent.; $28,667.75, 4| per cent.; $2,585,953.38,
5 per cent.; $15,000, 5| per cent.; $113,350, 5J per cent.; $316,508.75, 6
per cent.; $137,950, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ........................................................................................................ 58
Aggregate amount of the same..........................................................................
122,900 00
Amount of investments from which no income is received, .
.
.
.
18,750 00
Number of open a c c o u n ts ,...........................................................
47,843
Number and amount of deposits (including dividends) received for pre­
vious y e a r , .........................................
48,130
4,895,72706
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...................................................
3,499
2,018,839 00
Number and amount of withdrawals................................
35,073
4,047,841 68
Number of accounts opened the previous year, . . . .
8,076
Number of accounts closed the previous year, . . . .
5,923
Amount of expenses of the corporation during previous year, .
.
.
31,125 19
Amount of treasurer’s b o n d ,...........................................................................
20,000 00
Date of examination by commissioner : November 29.

Public F unds ,

Par Value.

United States 4s,
United States 4Js, .
.
.
.
City of Boston 4s, .
of Boston 5s, .
.
.
.
of Boston 6s, .
of Boston 5s, sterling, .
of New Bedford 3^s and 6s,
of W orcester 4s,
Town of Waltham 4s,

.

Estimated
Market Value.

$250,000 $321,250
334,500
300.000
1,100,000 1,243,000
835.000
500.000
20,000
23,400
205,062| 223,518
43,200
40.000
111.000
100.000
78,750
75.000

00
00
00
00
00
12
00
00
00

Amount Invested.

$250,000
300.000
1,112,617
550.000
20,000
205,062
40.000
100.000
75.000

00
00
50
00
00
50
00
00
00

$2,590,062£ $3,213,618 12 $2,652,680 00

Bank Stock .
Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Bay State Nat’l Bank, Lawrence,
Boylston Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$8,500
65,400
13,125
3,000

$11,347
78,643
17,500
3,990

50
50
00
00

$12,601
66,112
13,125
3,375

25
50
00
00

350

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B ank Stock — Concluded.

Par Value.

City Nat’l Bank, Boston,.
Columbian Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Howard Nat’l Bank, Boston, .
Market Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston, .
New England Nat’l Bank, Boston, .
Old Boston Nat’l Bank, Boston,
Railroad Nat’l Bank, Lowell, .
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Sbawmut Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Washington Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Suffolk Nat’l Bank, Boston,

$21,100
49,200
16,900
13,800
46,100
4,800
7,700
15,000
21,100
15,000
15,000
65,800
5,000
1,100
5,000
2,500
15,000
10,000
40,000
24,400
11,100
13,300
18,700
10,000
15,000
61,700
13,600
$627,925

Estimated
Market Value.

$21,311
61,500
21,463
16,284
49,788
4,800
7,315
18,750
25,109
17,325
14,175
92,449
4,750
1,589
6,000
3,325
18,750
13,850
49,600
29,097
11,266
15,561
19,167
14,000
18,750
63,242
15,028

00
00
00
00
00
00
00
00
00
00
00
00
00
50
00
00
00
00
00
00
50
00
50
00
00
50
00

Amount Invested.

$22,199
49,200
17,289
15,750
47,525
5,698
8,585
15,000
24,064
17,650
15.000
71,143
5,000
1,100
6,125
2,500
19,962
12,750
41,893
26,721
11,221
13,648
20,481
10,000
15,000
63,484
16,348

87
00
50
00
00
87
50
00
25
00
00
50
00
00
00
00
50
00
75
25
00
00
00
00
00
25
75

$745,727 00

$670,555 74

$243,500
57,593
530,000
17,775

$200,000
47,500
500,000
15,000

R ailroad B onds.
Old Colony R.R. 6s,
. . .
Old Colony R.R. 7 s ,.
Old Colony R.R. 4s,
. . .
Boston & Maine R.R. 7 s,.
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .
Boston & Albany R.R. 7s,
Fitchburg R.R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$200,000
47,500
500,000
15,000
100,000
100,000
500,000

00
75
00
00

118,000 00
117,750 00
558,625 00

00
00
00
00

100,000 00
100,000 00
532,843 25

$1,462,500 $1,643,243 75 $1,495,343 25

1 8 8 7 .]

P U B L IC

351

D O C U M E N T — N o. 8

TAUNTON SAYINGS BANK — TAUNTON.
Incorporated 1869.

Number of corporators, 110.
H e n r y R . W o o d , T rea surer .

J o h n E . S a n f o r d , P resident.
S tatem ent.

A ssets .

L iab ilit ie s .

$1,261,795 06
Deposits, .
37,851 25
Earnings undivided, .
31,714 25
Guaranty fund, .
15,109 03
Suspense account,

$98,849
121,506
21,850
121,610
7,950
509,460
383,690

Public funds, . . . .
Bank stock,
. . . .
Loans on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Loans on bank books.
Deposit in banks, on interest,.
Deposit in banks, not on in­
terest.......................................
Expense account, .
Manufacturing stocks to secure
indebtedness,
Profit and loss,
Cash on hand, . . . .

20,000 00

500 00
48,905 10
2,109 57
1,329 50
4,000 00
196 91
4,511 67
$1,346,469 59

$1,346,469 59

Loans on Bank Stock, amount on each : —
On 10 shares Merchants’ National Bank, New Bedford,
On 10 shares First National Bank, New Bedford, .
.
On 153 shares Machinists’ National Bank, Taunton, .
On 43 shares Taunton National Bank, Taunton, .
On 38 shares Bristol County National Bank, Taunton,
On 2 shares Union National Bank, Fall River,
On 5 shares Pocasset National Bank, Fall River, .
On 5 shares Massasoit National Bank, Fall River,
On 9 shares Fall River National Bank, Fall River,
On 1 share Taunton National Bank, Taunton,
Amount of real estate held by foreclosure,
Assessed value of the same, .
.
.
Amount of income received from the same,
Amount of municipal tax on real estate,

25
62
00
00
00
97
00

.
.
.
.

.

.

.

j

$2,000 00

I

17,750 OO

1I
J-

2,000 00

j
100 00

$7,950 00

.

7,200 00

.

.

555 55
135 36

.

Cash on Deposit in Banks, amount in each: —
National Bank of Republic, Boston.........................................
Taunton National Bank, Taunton,..........................................

.

.

.

$48,905 10
2,109 57

. $64,368 58
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous 2 per cent., f 23,425 04
2 per cent., 1 23,930 42
y e a r , ....................................................................................
Times for the dividends, fixed by the by-laws : January and July.
The total amount of loans, with each specified rate of interest: $20,000, 3
per cent.; $35,000, 4 per cent.; $10,000, 4^ per cent.; $45,000, 4£ per
cent.; $62,750, 4| per cent.; $138,550, 5 per cent.; $35,000, 5^ per cent.;
$133,400, 5^ per cent.; $59,000, 5| per cent.; $372,695.97, 6 per cent.;
$24,105, 6£ per cent.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

352

♦BANK C O M M IS S IO N E R S ’ R E P O R T .

[Jan

Number of outstanding loans which are of an amount not exceeding $3,000
each, ........................................................................................................302
$310,632 47
Aggregate amount of the same,
3,596
Number of open accounts,
.
r preNumber and amount of deposits (including div
2,064
266,256 09
vious y e a r , ..................................................
time,
Number and amount of deposits of and exceeding :
112,279 39
. 179
for the previous y e a r ,...........................................................
209,301 24
1,938
Number and amount of withdrawals,..................................
. 444
Number of accounts opened the previous year,
. 327
Number of accounts closed the previous year,
.
4,078 46
Amount of expenses of the corporation during previous year,
20,000 00
.
Amount of treasurer’s bond......................................................
Date of examination by commissioner : July 1.
P ublic F un ds .

Par Value.

$15,000

United States currency 6s,
State, county, city and
bonds: —
Citv of Taunton,
.
.
.
Town of Peabody, .
.
.
City of New Bedford,
State of Maine,
.
.
.
of New Hampshire,
of Massachusetts, .
County of Bristol, .
.
.
City of Dayton, Ohio,

Estimated
Market Value.

$19,650 00

Amount Invested.

$18,006 25

town
.
.
.
.

26,400
25,000
10,000
1,000
1,000
3,000
1,000
10,000
$92,400

29,607
26,000
10,300
1,070
1,160
3,390
1,000
10,800

00
00
00
00
00
00
00
00

$102,977 00

27,973
25,562
10,350
1,135
1,165
3,330
1,002
10,325

00
50
00
00
00
00
50
00

$98,849 25

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boylston Nat'l Bank, Boston, .
City Nat’l Bank, Boston,.
Commerce Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Continental Nat’ l Bank, Boston,
Eagle Nat’l Bank, Boston,
Exchange Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Mt. Vernon Nat’l Bank, Boston,
North Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,500
1,000
1,000
1,200
10,000
500
800
1,000
1,100
2,000
1,700
4,400
300
600
3,300
1,100
1,000

$6,600
1,330
1,120
1,596
10,100
635
1,000
1,180
1,188
2,640
1,700
5,500
345
840
4,554
1,474
1,440

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$6,208
1,466
1,110
1,535
11,362
609
1,051
1,102
1,254
2,300
1,791
5,408
341
877
4,507
1,395
1,470

61
25
00
25
50
50
25
50
25
00
00
00
50
00
00
63
00

1 8 8 7 .]

P U B L IC

353

D O C U M E N T — N o. 8

Bank Stock — Concluded.

Par Value.

Republic Nat’l Bank, Boston, .
Revere Nat’ l Bank, Boston,
Redemption Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Tremont Nat’l Bank, Boston, .
Webster Nat’ l Bank, Boston, .
Taunton Nat’l Bank, Taunton,
Bristol Co. Nat’l Bank, Taunton, .
Machinists’ Nat’ l Bank, Taunton, .
First Nat’l Bank, New Bedford,
Commerce Nat’l B’ k, New Bedford,
Merchants’ Nat’ l B’k, New Bedford,

Estimated
Market Value.

$2,500
2,300
2,500
2,000
1,200
1,100
1,00Q
10,900
3,400
900
1,700
10,200
20,000

$3,450
2,852
3,125
3,080
1,428
1,122
1,020
17,440
5,270
1,530
2,533
12,036
36,800

$96,200

$134,928 00

00
00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$3,359
2,878
3,026
3,100
1,424
1,216
1,075
14,250
4,405
1,260
2,211
12,311
27,200

25
62
25
00
00
25
00
00
00
00
01
00
00

$121,506 62

Railroad B onds.
Old Colonv R R.,
.
.
.
.
Boston & Maine R.R.,
Fitchburg R.R.,
.
.
.
.
Boston & Albany R.R., .
Conn. & Passumpsic Rivers R.R., .
Boston, Clinton, Fitchburg & New
Bedford R.R.,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$35,000
20,000
10,000
25,000
25,000

$42,350
24,000
11,500
29,375
29,625

00
00
00
00
00

$37,225
22,385
10,000
25,000
25,000

00
00
00
00
00

2,000

2,330 00

2,000 00

$117,000

$139,180 00

$121,610 00

354

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

TEMPLETON SAYINGS BANK — TEMPLETON.
Incorporated April 19, 1871. Number of corporators, 59.
Chas.

A.

P e e l e y , P resid en t.

A sa H o s m e e , T reasurer.
Statem ent.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$183,164 81
2,052 15
4,567 05

Bank stock................................
Loans on bank stock,
Railroad bonds,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in banks, on interest,.
Deposit in banks, not on inter­
est,
..................................
Cash on hand............................

$189,784 01

$8,500
3.000
1.000
117,680
17,279

00
00
00
00
00

38,300 00
1,204 55
2,524 82
295 64
$189,784 01

Loan on Bank Stock: —
On 30 shares First National Bank, Wincliendon, .

.

.

.

.

.

$3,000 00

Cash on Deposit in Banks, amount in each : —
Maverick National Bank, Boston,...................................................................$1,204 55
Miller’s River National Bank, A t h o l , ................................. ........
2,524 82
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous ) 2 per cent.,
y e a r , ................................................................................... 12 per c
Times for the dividends, fixed by the by-laws: January 1 and July 1.
The total amount of loans, with each specified rate of interest: $38,300,
4 per cent.; $25,000, 5 per cent.; $112,959, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each ,...............................................................................................
. 151
Aggregate amount of the s a m e , ..........................................
Number of open a c c o u n ts ,..................................................
. 688
Number and amount of deposits (including dividends) received for prepre­
vious y e a r , ...............................................................................................
. 407
Number and amount of deposits of and exceeding $300 at any
time,
for the previous yre a r , ................................................................................
. 19
Number and amount of withdrawals,..................................
. 267
Number of accounts opened the previous year,
. 103
Number of accounts closed the previous year,
. 72
Amount of expenses of the corporation during previous year,
Amount of treasurer’s b o n d ,..................................................
Date of examination by commissioner: August 23.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$9,651 57
3,421 63
3,504 44

114,059 00

31,782 14
9,799 78
26,330 88

472 94
10,000 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

355

B ank Stock .

Par Value.

Orange Nat’l Bank, Orange, .
First Nat’l Bank, Gardner,
First Nat’l Bank, Winchendon,
Nat’l City Bank, Boston,
Nat’l Webster Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Nat’l Eagle Bank, Boston,

$3,000
1,200
500
1,000
1,000
1,000
800
$8,500

Estimated
Market Value.

$4,200
1,560
725
1,020
1,020
1,050
864

00
00
00
00
00
00
00

Amount Invested.

$3,000
1,200
500
1,000
1,000
1,000
800

00
00
00
00
00
00
00

$10,439 00

$8,500 00

$1,140 00

$ 1,000 00

Railroad B onds.
Vermont & Massachusetts R.R. 5s,.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$ 1,000

B A N K C O M M IS S IO N E R S ’ R E P O R T .

356

[Jan.
\

UNION INSTITUTION FOR SAVINGS — BOSTON.
Incorporated 1865.

Number of corporators, 37.

H u g h O ’B r i e n , President.

W i l l i a m S. P e l l e t i e r , Treasurer.
Statem en t.

A ssets .

L iab ilit ie s .

$2,955,644 74
Deposits,
26,461 44
Earnings undivided, .
78,450 00
Guaranty fund, .
Profit — sale of old
18,398 94
bank building,
Real estate income ac­
3,018 78
count,
354 31
Suspense. .

Public funds, . . . .
Railroad bonds,
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Cash on hand, . . . .

$3,082,328 21

$84,552
252,562
235,129
121,676
1,493,284
796,575
91,568
6,979

50
50
29
99
00
00
36
57

$3,082,328 21

Invested in real estate (for banking p u rposes),.......................................... $235,129 29
Estimated value of the same,...........................................................................
275,000 00
Amount of real estate held by foreclosure,...................................................
121,676 99
Assessed value of the sa m e ,...........................................................................
126,400 00
Amount of income received from the same, .
.
.
•,
•
•
00
8,064 96
Amount of municipal tax on real e s t a t e , ..................................................
Cash on Deposit in Banks, amount in each: —
National Exchange Bank, Boston,..........................................
International Trust Company, B osto n ,..................................
Boylston National Bank, Boston,..........................................
Market National Bank, B o s t o n ,..........................................

$235 35
5,346 19
48,268 93
37,717 -»9

Whole amount of interest or profits received or earned................................. $122,783 74
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 51,669 51
y e a r , ................................................................................... 12 per cent., I 54,101 80
Times for the dividends fixed by the by-laws: third Wednesday in May
and November.
The total amount of loans, with each specified rate of interest: $100,000,
3| per cent.; $370,000 4 per cent.; $480,000, 4^ per cent.; $150,000,4£
per cent ; $595,869, 5 per cent.; $5,000, 5J per cent.; $42,100, 5£ per
cent.; $469,455, 6 per cent.; $5,500, 6£ per cent.; $75,360, 7 per cent.;
$1,275, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
. 358
$3,000 each,...........................................................................
472,050 00
Aggregate amount of the s a m e , ..................................
. . 21,148 57
Amount of investments from which no income is received,
7,487
Number of open a c c o u n ts ,..........................................
r pre7,158
813,293 81
vious y e a r , ...........................................................
! time,
Number and amount of deposits of and exceeding
375,333 58
. 547
for the previous year..............................................
592,350 68
5,772
N u m b er and am ount o f w ithdraw als, .
1,195
Number of accounts opened the previous year, .
. 884
Number of accounts closed the previous year,


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Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

B A N K C O M M IS S IO N E R S ’ R E P O R T .

35 S

[Jan.

UNION SAYINGS BANK — FALL RIVER.
Incorporated 1869. Number of corporators, 28.
D. A.

B e n j a m i n C o v e l , P resid en t.

C h a p i n , T reasurer.

Statem en t.

A ssets .

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$725,821 47
14,169 28
17,200 00

Public funds, . . . .
Bank stock,
. . . .
Real estate,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Cash on hand, . . . .

$757,190 75

Invested in real estate (for banking purposes),
Estimated value of the same, . . . .
Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$5,595
48,657
38,000
3,200
372,802
238,656
48,848
1,432

00
00
00
00
00
00
52
23

$757,190 75

$38,000 00
40,000 00
3,200 00
2,300 00
195 00
434 28

Cash on Deposit in Banks, amount in each : —
National Bank of Redemption, Boston,
National Union Bank, Fall River, .

$24,848 52
24,000 00


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

88

Whole amount of interest or profits received or earned..................................
$36,326 85
Rate and amount of each semi-annual dividend for previous 1 2 } per cent., f 14,616 08
y e a r , ....................................................................................) 2% per cent., 1
15,753 76
Times for the dividends, fixed by the by-laws : May 15 and November 15.
The total amount of loans, with each specified rate of interest: $19,390,
\\ per cent.; $43,808, 5 per cent.; $512,360, 5£ per cent.; $35,900, 6
per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 ea ch ,............................................................................................... 189
Aggregate amount of the same,
...................................................................
202,403 00
Number of open a c c o u n ts ,................................................................... 1,645
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................ 4,807
164,835 85
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,................................................................................ 86
56,844 00
Number and amount of withdrawals,...................................................1,278
109,876 69
Number of accounts opened the previous y e a r , ..................................... 391
N umber of accounts closed the previous y e a r , ..................................232
Amount of expenses of the corporation during previous year, .
3,000
Amount of treasurer’s b o n d ,...........................................................
25,000
Date of examination by commissioner: August 17.

1 8 8 7 .]

P U B L IC

359

D O C U M E N T — N o. 8
Public F unds.

Par Value.

Fall River water bonds, .

$5,000

Estimated
Market Value.

$6,000 00

Amount Invested.

$5,595 00

B ank Stock .
Metacomet Nat’l Bank, Fall River,
Nat’l Union Bank, Fall River,
Pocasset Nat’l Bank, Fall River,
Fall River Nat’l Bank, Fall River, .
Massasoit Nat’l Bank, Fall River, .

/


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00

$16,200
17,700
3,500
2,100
700

$21,060
17,700
4,445
2,625
1,225

$40,200

$47,055 00

$20,506
19,610
4,450
2,817
1,274

00
00
00
00
00

$48,657 00

360

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

UXBRIDGE SAYINGS BANK — UXBRIDGE.
Incorporated June 3, 1870. Number of corporators, 68.
M ose s T a f t , P resid en t.

C. A . T a f t , T reasurer.
St a t e m e n t .

L ia b ilit ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .
Checks outstanding, .
Overdrafts,.

A ssets .

$325,849
5,520
8,175
45
958

52
55
00
89
90

Bank stock,
. . . .
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Expense account, .
t Profit and loss,
Central National Bank, .
Premiums,
. . . .
Cash on hand, .
.
./

.

$340,549 86

Amount of real estate held by foreclosure, .
Assessed value of the same, . . . .
Amount of income received from the same, .
Amount of municipal tax on real estate,

$91,600
16,337
142,535
66,739
478
25
*4,000
*18,830
2

00
54
35
67
32
97
00
62
39

$340,549 86

$16,337
10,600
1,023
167

54
00
00
53

Whole amount of interest or profits received or earned,
. . . .
$15,931 93
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f
6,074 73
Tear> ..........................................................................................
percent.,
16,179 17
Times for the dividends, fixed by the by-laws: January 1 and July 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4.
Date of the last extra dividend: January 31, 1874.
The total amount of loans, with each specified rate of interest: $5,600,
4 per cent.; $10,000, 4J per cent.; $106,400, 5 per cent.; $18,300, 5£ per
cent.; $67,251.12, 6 per cent.; $1,452, 7 per cent.; $ 2 7 1 .9 0 ,per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .................................................................................................... ......
Aggregate amount of the s a m e , .......................................... ........
78 430 35
Number of open accounts.......................................................................... 985
Number and amount of deposits (including dividends) received for previous
................................................................................................................... 562
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,........................................................................... ......
Number and amount of withdrawals,.................................................. ....
Number of accounts opened the previous y e a r , ..................................89
Number of accounts closedthe previous y e a r , ...................................... 40
Amount of expenses of thecorporationduring previous year, .
.
.
Amount of treasurer’s bond...............................................................................
Date of examination by commissioner : March 10.

* These amounts are a portion of the investment in bank stocks.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

50,760 15
17;913 07
36 042 19

825 00
20 000 00

1 8 8 7 .J

P U B L IC

D O C U M E N T — N o. 8

361

B ank Stock .

Par Value.

Nat’l Bank of Redemption, Boston,
Suffolk Nat’l Bank, Boston,
Nat’l Hide and Leather B’k, Boston,
Nat’l Revere Bank, Boston,
Howard Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Nat’l Webster Bank, Boston, .
State Nat’l Bank, Boston,
Nat’l Eagle Bank, Boston,
Blackstone Nat’l Bank, Uxbridge, .
Grafton Nat’l Bank, Grafton, .
First Nat’l Bank, Clinton,
Franklin Nat’l Bank, Fi'anklin,
Central Nat’l Bank, Boston, .
Millbury Nat’l Bank, Millbury,

$8,000
6,100
8,500
8,000
9,200
6,000
5,800
9,500
6,900
4,800
3,000
1,700
500
2,000
5,900
4,000
1,700
$91,600

/


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

$10,080
6,771
10,030
9,840
10,810
8,070
6,003
12,112
7,124
5,664
3,000
2,210
590
2,480
7,080
4,360
2,295

00
00
00
00
00
00
00
50
25
00
00
00
00
00
00
00
00

$108,519 75

Amount Invested.

$8,000
6,100
8,500
8,000
9,200
6,000
5,800
9,500
6,900
4,800
3,000
1,700
500
2,000
5,900
4,000
1,700

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$91,600 00

362

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

WAKEFIELD SAYINGS BANK — WAKEFIELD.
Incorporated 1869.

Number of corporators, 59.

S. 0 . R ic h a r d s o n , P resid en t.

R ic h a r d B r it t o n , Treasurer.
Statem en t.

L ia b il it ie s .

Deposits, .
.
Earnings undivided, .
Guaranty fund, .

A ssets .

$160,449 90
1,370 77
2,506 69

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns......................................
Deposit in bank, on interest, .
Expense account, .
Premium account, .
Cash on hand, . . . .

$164,327 36

Amount of real estate held by foreclosure, . . . .
Assessed value of the same......................................................
Amount of income received from the same, . . . .
Amount of municipal tax on real -estate,
. . . .

$16,000
8,200
15,000
4,462
83,875
22,685

00
00
00
17
00
00

1,000
7,055
162
5,586
300

00
13
97
43
66

$164,327 36

,

,

,

•
.

•

•

$4,462
6,050
473
87

17
00
00
12

Cash on Deposit in Bank : —
National Bank of South Reading, Wakefield,

.

.

.

Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous '1 2 per cent., f
y e a r , ........................................................................................ 1 2 per cent., 1
Times for the dividends, fixed by the by-laws: February I and August 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 6£.
Date of the last extra dividend: February, 1873.
The total amount of loans, with each specified rate of interest: $8,000, 4
per cent.; $7,000, 4^ per cent.; $28,200, 5 per cent.; $3,700,5£ percent.;
$51,100, 6 per cent.; $7,175, 7 per cent.; $1,500, 7 3-10 per cent.; $500, 8
per cent.; $385, 9 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ................................................................................................... 75
Aggregate amount of the s a m e , ...................................................................
Number of open a c c o u n ts ,...........................................................1,030
Number and amount of deposits (including dividends) received for pre­
vious year.........................................................................................
1,357
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y ea r,............................................................................ 44
Number and amount of withdrawals,................................................... 680
Number of accounts opened the previous y e a r , ..................................232
Number of accounts closed the previous y e a r , ..................................... 144
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b on d ,................................................................... ........
Date of examination by commissioner : March 29.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$7,055 13
$7,111 24
2,597 90
2,744 25

85 560 00

70,235 04
25 484 15
49,458 96

1,070 27
10,000 00

1 8 8 7 .]

P U B L IC

363

D O C U M E N T — N o. 8
Public Funds .

Par Value.

City bonds: —
City of Bath. Me., 6s,
of Rockland, Me., 6s,
of Fall River 5s,
of Lowell 6s, .

$5,000
2,000
8,000
1,000

Estimated
Market Value.

$5,000
2,000
10,740
1,080

00
00
00
00

Amount Invested.

$5,225
2,085
9,200
1,330

00
00
00
00

$18,820 00

$17,840 00

$3,000
2,700
2,500

$3,900 00
3,277 13
3,450 00

$3,900 00
3,005 50
3,500 00

$8,200

$10,627 13

$10,405 £0

$16,000

Bank Stock .
Nat’l Bank of South Reading, Wake­
field.....................................................
Boston Nat’l Bank, Boston,
Nat’ l Union Bank, Boston,

Railroad B onds.
---------- »----Fitchburg R.R. 5s, .
Boston & Albany R.R. 7s,
Old Colony R.R. 6s,
. . .
Conn. & Passumpsic Rivers R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,000
6,000
1,000
6,000
$15,000

$2,240
7,042
1,193
7,050

00
50
75
00

$17,526 25

$2,240
7,388
1,165
7,215

00
75
00
00

$18,008 75

364.

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

WALES SAYINGS BANK — WALES.
Incorporated 1870. Number of corporators, 76.
H. A. M c F a r l a n d , T rea surer .

E l ij a h S h a w , P resid en t.
Statem en t.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$27,821 43
972 99
594 00

Public funds, . . . .
Bank stock,
. . . .
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest,.
Deposit in banks, not on inter­
est,
.
. . .
Interest account,
Cash on hand, . . . .

$29,388 42

$500
8,120
15,234
3,813
779

00
50
00
88
28

202 86
8 58
729 32
$29,388 42

Cash on Deposit in Banks, amount in each : —
................................................................... $202 86
Palmer National Bank, Palmer,
Springfield Safe Deposit and Trust Company..................................................
779 28
Whole amount of interest or profits received or earned,
. . . .
Rate and amount of each semi-annual dividend for previous 1 2% per cent., f
................................................................................................... 12^ per cent., I
Times for the dividends, fixed by the by-laws : January and July.
The total amount of loans, with each specified rate of interest: $19,047.88,
6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each,...................................................................
Aggregate amount of the same.........................................
, #
Number of open a c c o u n ts ,..........................................
. 148
Number and amount of deposits (including dividends) received for previous year................................................................
Number and amount of deposits of and exceeding $300 at any one time, '
for the previous y e a r ,..................................................
.
.
.
4
Number and amount of withdrawals, . . . .
. 53
Number of accounts opened the previous year, .
. 19
Number of accounts closed the previous year,
.
.
. 15
Amount of expenses of the corporation during previous year, .
.
Amount of treasurer’s b on d ,..........................................
Date of examination by commissioner: February 9.

$1,291 54
574 70
561 33

19,047 88

6,225 23
2,079 44
3,903 03

80 00
10,000 00

Public F unds.

Par Value.

Bellows Falls Village water loan, .

$500

Estimated
Market Value.

$500 00

Amount Invested.

*$500 00

* This bank was notified that this investment was illegal and correction has been made.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

365

B ank Stock .

Par Value.

Blackstone Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Nat’l Revere Bank, Boston,
Southbridge Nat’l B’k, Southbridge,
Hamilton Nat’l Bank, Boston,
Nat’l Eagle Bank, Boston,
Tremont~Nat’l Bank, Boston, .
Nat’l City Bank, Boston,
Suffolk Nat’l Bank, Boston,
Nat’l Webster Bank, Boston, .
Monson Nat’l Bank, Monson, .
Market Nat’l Bank, Boston, .
First Nat’l Bank, Leominster,.

$200
1,000
800
700
1,000
500
500
500
500
500
500
500
200
$7,400

Estimated
Market Value.

$228
1,150
920
875
1,150
550
560
560
550
558
800
523
200

Amount Invested.

$228
*1,090
800
*875
*1,000
550
560
560
550
558
625
523
200

00
00
00
00
00
00
00
00
00
75
00
75
00

$8,625 50

$8,120 50

* This bank has been notified that these investments exceed the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00
00
00
00
00
00
75
00
75
00

I

366

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

WALTHAM SAVINGS BANK — WALTHAM.
Incorporated March 18, 1853.
E nos

T.

Number of corporators, 38.
F. M.

L u c e , P resid en t.

S t o n e , Treasurer.

State m e n t.

L ia b ilit ie s .

Deposits,
$1,756,705 90
Earnings undivided, .
6,645 03
Guaranty fund, .
58,781 90

A ssets .

Public funds..............................
Bank stock,
. . . .
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in banks, on interest,.
Expense account, ,
Cash on hand, . . . .

$1,822,132 83

$141,000
138,825
725
183,500
10,500
694,635
581,780

00
00
00
00
00
00
00

36,600
32,000
8
2,559

00
00
50
33

$1,822,132 83

Loan on Bank Stock : —
On 10 shares Waltham National Bank,...........................................................$725 00
Amount of real estate held by foreclosure,.................................................. $10,500 00
Assessed value of the same................................................................................
10,700 00
300 00
Amount of income received from the sam e,..................................................
Amount of municipal tax on real e s t a t e , ..................................................
148 51
Cash on Deposit in Banks, amount in each : —
Waltham National B a n k , ........................................................................... $31,000 00
Boston Safe Deposit and Trust C om p an y ,...................................................
1,000 00
Whole amount of interest or profits received or earned,
. . . .
$79,690 75
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 31,338 32
................................................................................................... .... per cent., 1 32,194 82
Times for the dividends, fixed by the by-laws: second Wednesday in April
and October.
The total amount of loans, with each specified rate of interest: $418,100,
4 per cent.; $30,000, 4| per cent.; $113,500, 4£ per cent.; $70,000, 4|
percent.; $252,125, 5 per cent.; $4,950, 5£ per cent.; $425,065, 6 per­
cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each ,............................................................................................... 215
Aggregate amount of the s a m e , ...................................................................
274,795 00
4,000 00
Amount of investments from which no income is received............................
Number of open a c c o u n ts,................................................................... 6,460
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ....................................................................................
8,025
515,82163


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

367

Number and amount of deposits of and exceeding $300 at any one time,
for the previous year............................................................................... 233 $120,764 93
Number and amount of withdrawals...............................
4,222
343,062 14
Number of accounts opened the previous year,. . . .
1,310
Number of accounts closed the previous year,
. .
.
.
. 707
Amount of expenses of the corporation during previousyear, .
.
.
3,000 00
Amount of treasurer’s b o n d ,..........................................
20,000 00
Date of examination by commissioner : July 13.

P ublic F unds .

Par Value.

City of Boston 5s, .
of Grand Rapids, Mich., 5s,
of Springfield, Ohio, 5s, .
of Waltham 4^s,
of Waltham 6s,
of Waltham 4s,
Town of Arlington 5s, .

.

$10,000
30.000
30.000
46.000
10.000
9.000
6.000
$141,000

Estimated
Market Value.

$10,000
34,650
31,858
47,380
10,300
9,540
6,420

00
00
00
00
00
00
00

$150,148 00

Amount Invested.

$10,000
30.000
30.000
46.000
10.000
9.000
6.000

00
00
00
00
00
00
00

$141,000 00

B a n k St o c k .

Boston Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Central Nat’l Bank, Boston, .
City Nat’l Bank, Boston,.
Commerce Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Commonwealth Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Market Nat’l Bank, Boston,
Metropolitan Nat’l B’k, Boston,
Mt. Vernon Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Waltham Nat’l Bank, Waltham,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
3,700
5,000
2,500
2,900
5,000
4,500
3,100
4,600
5,000
5,000
4,000
3,000
5,000
7,700
4,000
3,800
5,000
3,400
5,300
5,000
5,000
3,100
3,000
30,375
$138,975

$12,125
4,521
5,400
2,625
3,683
5,925
5,310
3,944
4,600
5,000
5,962
3,790
3,390
6,900
10,356
5,000
4,612
5,962
3,978
5,879
5,000
4,950
3,177
4,203
42,525

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$168,817 00

$10,000
3,700
5,000
2,500
2,900
4,850
4,500
3,100
4,600
5,000
5,000
4,000
3,000
5,000
7,700
4,000
3,800
5,000
3,400
5,300
5,000
5,000
3,100
3,000
30,375

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$138,825 00

368

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

R a ilr o ad B onds .

Par Value.

$30,500
15.000
14.000
30.000
50.000
8,000
2,000
5.000
10.000
10,000
9.000

Boston & Lowell R.R., .
Old Colony R.R.,
.
.
.
.
Boston & Maine R R.,
Vermont & Massachusetts R.R.,
Vermont Valley R.R.,
Conn. & Passumpsic Rivers R.R., .
Newport & Richford R.R.,
Nashua & Lowell R.R., .
Boston, Revere Beach & Lynn R.R.,
Fitchburg R.R.,
.
.
.
.
Boston & Albany R.R., .
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$183,500

Estimated
Market Value.

$35,380
16,875
16,590
33,375
56,000
9,400
2,226
5,560
11,170
10,300
10,620

00
00
00
00
00
00
00
00
00
00
00

$207,496 00

i

J

\

Amount Invested.

$30,500
15.000
14.000
30.000
50.000
8,000
2,000
5.000
10.000
10,000
9.000

00
00
00
00
00
00
00
00
00
00
00

$183,500 00

1 8 8 7 .]

P U B L IC

369

D O C U M E N T — N o. 8.

WARE SAYINGS BANK — WARE.
Incorporated 1850. Number of corporators, 49.
W

il l i a m

F r e d e r i c k D. G il m o r e , T reasurer.

H y d e , P resident.

Statem en t.

L ia b ilit ie s .

Deposits,
Earnings undivided,
Guaranty fund, .
Premium account,

:,418,288
39,521
40,857
28,061

80
95
86
75

$575,500
382,015
334,000
14,975
6,400
730,625
344,115

Public funds, .
Bank stock,
Railroad bonds,
Loans on bank books,
Real estate,
Loans on real estate,
Loans on personal security,
Loans to counties, cities o
towns..............................
Deposit in banks, on interest,
Deposit in banks, not on inter­
est,
Expense account,
Cash on band, .

00
00
00
00
00
33
14

93,000 00
28,267 82
15,600 00
1,344 99
887 08
$2,526,730 36

$6,400 00
6,400 00
73 83

Invested in real estate (for banking purposes)........................................
Estimated value of the same,...................................................................
Amount of municipal tax on real e s t a t e , ..........................................
Cash on Deposit in Banks, amount in each : —
Ware National Bank, W a r e ,...................................................................
Boston Safe Deposit and Trust C om p an y ,..........................................

.

$15,600 00
28,267 82

. $124,919
Whole amount of interest or profits received or earned,
Rate and amount of each semi-annual dividend for previous 1 2\ per cent,., ( 50,268
year,
....................................................................................J 2\ per cent , 1 51,525
Times for the dividends, fixed by the by-laws : January 3 and July 3.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4|.
Date of last extra dividend: January 1, 1880.
The total amount of loans, with each specified rate of interest: $36,000,
3J per cent.; $111,000,4 percent.; $85,000, 4J per cent.; $150,000, 4£ per
cent.; $309,510, 5 per cent.; $479,600.33, 5£ per cent.; $11,605.14, 6 per
cent.
Number of outstanding loans which are of an amount not exceeding $3,000
. 279
each,
...................................................................................
287,260
Aggregate amount of the s a m e , ..........................................
5,286
Number of open a c c o u n ts ,..................................................
preN u m b er and amount of deposits (including dividends) received forr pre­
3,441
572,625
vious y e a r ,...................................................................
time,
N u m b er and amount of deposits of and exceeding $300 at anj
177,132
. 266
for the previous y e a r ,...........................................................
2,562
454,859
Number and amount of withdrawals,..................................
Number of accounts opened the previous y e a r , ..................................835
Number of accounts closed the previous y e a r , ..................................520


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

90
52
32

47

61
83
32

370

[Jan

B A N K C O M M IS S IO N E R S ’ R E P O R T

Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,...........................................................................
Date of examination by commissioner: June 5.

$4,206 22
25,000 00

P ublic F un ds .

Par Vaine.

United States funded loan 4|s,
United States currency 6s,

$201,000
160,000

District, city and town bonds : —
District of Columbia 6s, .
.
.
of Columbia 7s, .
City of Boston 6s, .
of Boston 4s, .
of Fall River 6s,
of Brockton 5s,
of Pawtucket, R 1 , 5s, .
of Pawtucket, R. I., 6s, .
of Somerville 5s,
of Holyoke 7s,

57,500
9,000
30,000
40,000
20,000
30,000
5,000
23,000
20,000
40,000
$575,500

Estimated
Market Value.

Amount Invested.

$224,620 00
126,000 00

$201,0b0 00
100,000 00

64,975
10,440
36,000
43,600
26,600
36,000
5,600
27,600
21,600
43,600

57,500
9,000
30,000
40,000
20,000
30,000
5,000
23,000
20,( 00
40,000

00
00
00
00
00
00
00
00
00
CO

$666,635 00

00
00
00
00
00
00
00
00
00
00

$575,500 00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Nat’l Bank of Commerce, Boston, .
City Nat’l Bank, Worcester, .
Continental Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
First Nat’l Bank, Easthampton,
Exchange Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Leicester Nat’ l Bank, Leicester,
Monson Nat’l Bank, Monson, .
Merchants’ Nat’l Bank, Boston,
Mechanics’ Nat’l Bank, Boston,
Nat’l B’k of North America, Boston,
North Nat’ l Bank, Boston,
People’s Nat’l Bank, Boston, .
Nat’ l Bank of Republic, Boston,
Nat’l Revere Bank, Boston,
Nat’l Bank of Redemption, Boston,
Second Nat’l Bank, Boston,
Southbridge Nat’l B’k, Southbridge,
State Nat’ l Bank, Boston,
Suffolk Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,000
10,600
20,500
1,200
7,500
5,000
13,600
6,000
15,60D
4,000
10,000
5,000
2,100
5,000
10,500
900
13,600
10,000
1,500
15,000
15,060
10,000
15,000
1,500
16,200
3,000

$1,335 00
12,000 00
22,755 00
1,344 00
9,525 00
5,500 00
16,048 CO
7,620 00
19,500 00
5,280 00
21,200 00
4,750 00
2,310 00
7,500 00
14,700 00
1,215 00
14,280 00
13,400 00
2,325 00
20,700 00
18,600 00
12,500 00
23,100 00
2,250 00
18,774 00
3,300 00

$1,513 00
11,500 00
22,857 00
1,350 00
8,475 00
5,500 00
14,352 00
6,960 00
19,500 00
4,490 00
19,675 00
4,812 00
2,310 00
7,500 00
13,860 00
1,125 00
14,280 00
11,900 00
2,400 00
19,651 00
17,925 00
11,200 00
22 650 00
2,250 00
18,954 00
3,390 00

1 8 8 7 .]

P U B L IC

371

D O C U M E N T — N o. 8

B ank Stock — Concluded.

Par Value.

Tremont Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Union Nat’l Bank, Boston,
Ware Nat’l Bank, W are,.
Webster Nat’l Bank, Boston, .
Washington Nat’l Bank, Boston,
Miller’s River Nat’l Bank, Athol,

.

Estimated
Market Value.

v $7,100
12,800
2,600
47,600
20,000
3.000
3.000

$7,242
12,672
3,640
59,476
20,000
3,750
5,400

00
00
00
00
00
00
00

$314,200

$393,991 00

Amount Invested.

$7,171
11,904
3,510
59,476
20,275
3,900
5,400

00
00
00
00
00
00
00

$382,015 00

Railroad Bonds.
Boston & Maine R.R. 7 s ,.
Boston & Albany R.R. 7s,
Boston & Albany R.R. 6s,
Eastern R.R. 6s,
. . .
Old Colony R.R. 4Js,
Old Colony R.R. 7s,
. .
Fitchburg R.R. 4s, .
Boston & Lowell R.R. 7s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

$75,000
60,000
50,000
53,000
6,000
5,000
70,000
15,000
$334,000

$88,500
70,200
60,000
67,840
6,780
6,100
74,200
17,250

00
00
00
00
00
00
00
00

$390,870 00

$75,000
60,000
50,000
53,000
6,000
5,000
70,000
15,000

00
00
00
00
00
00
00
00

$334,000 00

372

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

WAREHAM SAYINGS B A N K -W A R E H A M .
Incorporated 1847. Number of corporators, 31.
G erard

C.

T o b e y , P resid en t.

E dw ard

A.

G a m m o n s , Treasurer.

Statem en t.

A ssets .

L iab ilit ies .

Deposits,
Earnings undivided, .
Guaranty fund, .

$593,098 47
20,563 16
12,800 00

Bank stock................................
Loan on bank stock,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
tow n s,..................................
Deposit in banks, not on inter­
est,
..................................
Expense account,
Taxes paid (State and munici­
pal),
.
.

$626,461 63

$176,096
300
186,996
81,156
159,113

85
00
21
81
31

4,500 00
13,919 54
323 02
4,055 89
$626,461 63

Loan on Bank Stock: —
On 6 shares First National Bank, Y a r m o u t h ,................................... $300

00

Amount of real estate held by foreclosure.......................................... $186,996
Assessed value of the s a m e ,..........................................................
153,700
Amount of income received from the sam e,.................................
14,579
1,886
Amount of municipal tax on real e s t a t e , .................................

21
00
40
75

Cash on Deposit in Bank : —
National Bank, W a r e h a m ,............................................................... $13,919

54

Whole amount of interest or profits received or earned,. . . .
$35,123 64
Rate and amount of each semi-annual dividend forprevious ) 2 per cent., f
11,261 94
y e a r , .........................................................................J If per cent.,
1 10,047 05
Times for the dividends, fixed by the by-laws : January and July.
The total amount of loans, with each specified rate of interest: $16,971 32,
3^ per cent.; $10,971 32, 3f per cent.; $99,402.40, 4 per cent.; $4,676.87,
4| per cent.; $5,554 58, 4£ per cent.; $21,500, 5 per cent.; $5,000, 5£ per
cent.; $58,145, 6 per cent.; $20,460, 7 per cent.; $280, 7 3-10 per cent.;
$2,108.63, 8 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , .................................................................................................... 65
Aggregate amount of the s a m e , ...................................................................
63,988 89
Amount of investments from which no income is received, . . . .
11,513 60
Number of open a c c o u n ts ,..................................................
.
1,698
Number and amount of deposits (including dividends) received for pre­
vious y e a r , .....................................................................................
70994,29034
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,...........................................................................
63
37,136 44
Number and amount of withdrawals......................................................... 721
83,023 17
Number of accounts opened the previous y e a r , ..................................186
Number of accounts closed the previous } e a r , ..................................170


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

374

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

WARREN FIVE CENTS SAYINGS BANK — PEABODY.
Incorporated 1854. Number of corporators, 56.
Rurus H.

B r o w n , P resid en t.

A lbert

H.

M e r r i l l , T reasurer.

Statem en t.

L ia b il it ie s .

$1,659,079 22
Deposits, .
Earnings undivided, .
65,627 74
63,500 00
Guaranty fund, .

$1,788,206 96

A ssets .

Public funds, . . . .
Bank stock,
. . . .
Railroad bonds,
Real estate by foreclosure,
Loans on reai estate,
Loans on personal security, .
Loans to counties, cities or
to w n s,..................................
Deposit in bank, not on inte r e s t,..................................
Expense account,

$265,565
217,672
146,750
50,747
542,314
522,081

00
62
00
10
00
04

18,000 00
24,544 25
532 95
$1,788,206 96

Amount of real estate held by foreclosure,........................................................ $'50,747
Assessed value of the sa m e ,............................................................................
49,300
Amount of income received from the same,..................................................
3,757
Amount of municipal tax on real e s t a t e , ..................................................
893

10
00
50
20

Cash on Deposit in Bank: —
Warren National Bank, Peabody...................................................................... $24,544 25
Whole amount of interest or profits received or earned,
. . . .
$89,183 37
Rate and amount of each semi-annual dividend for previous 1 2 per cent, f 30,388 95
year............................................................................................ i 2 per cent, 1
31,139 67
Times for the dividends, fixed by the by-laws : third Wednesday in May
and November.
The total amount of loans, with each specified rate of interest: $25,000,
34 per cent.; $33,000, 3| per cent.; $234,881.04, 4 per cent.; $67,500, 4^
percent.; $68,000, 44 per cent.; $15,000, 4f per cent ; $35,000, 4£ per
cent.; $169,440,5 per cent.; $101,477, 54 per cent.; $230,632, 6 per cent.;
$32,100,64 per cent.; $16,465,7 per cent.; $2,400, 7 3-10 per cent.; $500,
74 per cent.; $3,000, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,............................................................................................... 177
Aggregate amount of the s a m e , ...................................................................
209,719 00
Amount of investments from which no income is received............................
1,120 00
Number of open accounts, .
....................................................4,235
Number and amount of deposits (including dividends) received for pre­
vious year.........................................................................................
2,795
294,228 94
Number and amount of deposits of and exceeding $300 atany one time,
for the previous y e a r ,............................................................................ 210
121,455 23
Number and amount of withdrawals,..................................
2,072
208,913 87
Number of accounts opened the previous y e a r , ..................................... 520
Number of accounts closed the previous year............................................ 370
Amount of expenses of the corporation during previousyear,
.
.
.
3,542 27
Amount of treasurer’s b o n d ,...........................................................................
20,000 00
Date of examination by commissioner: May 5.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887.]

375

P U B L IC D O C U M E N T — N o. 8
Public F unds.

Par Value.

District of Columbia 6s, .
City of Northampton,
of Lawrence, .
of Haverhill, .
Town of Brookline,
City of Holyoke,
of Somerville, .
of Fall River, .
Town of Melrose, .
City of Portland, Me.,
of Dover, N. H.,
of Lewiston, Me., .
of Augusta, Me ,
of Auburn, Me.,
Town of Danvers, .
of Provincetown, .
of Dalton,
City of Des Moines, Iowa,
of East Saginaw, Mich., .
of Providence, R. I.,
of Cleveland, Ohio,.
of Grand Rapids, Mich., .
of Detroit, Mich.,
of Newton,

$1,000
17,0(0
35,000
5,000
5,000
15,000
10,000
19,000
7,000
10,000
4,200
10,000
10,000
10,000
10,000
2,000
15,000
20,000
20,000
5,000
22,000
8,000
1,(<00
3,000
$268,200

Estimated
Market Value.

$5,600
19,125
42,475
5,325
6,700
18,900
11,100
22,250
7,875
12,500
4,662
12,200
10,000
10,600
11,200
2,050
15,600
20,000
22,600
6,050
25,415
10,560
1,320
4,020

00
00
00
00
00
00
00
00
00
00
00
00
00
CO
00
00
CO
00
00
00
00
00
00
00

$308,127 00

Amount Invested.

$5,000
16,317
31,175
4,681
5,('00
15,000
10,000
18,853
6,825
9,512
4,200
10,000
10,000
10,000
10,000
2,000
15,000
20,000
20,0(0
5,000
22,000
8,000
1,000
3,000

00
50
00
25
00
00
00
75
00
50
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$265,565 00

B ank Stock .
Howard Nat’l Bank, Boston, .
Exchange Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Atlantic Nat’l Bank, Boston, .
Suffolk Nat’l Bank, Boston,
Shoe and Leather Nat’l B’k, Boston,
Hide and Leather Nat’l B’k, Boston,
Atlas Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Washington Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Faneuil Hall Nat’l Bank, Boston, .
Hamilton Nat’l Bank, Boston,
Shaw mut Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Merchandise Nat’l Bank, Boston, .
North America Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
. . .
Market Nat’l Bank, Boston,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$1,700
8,000
14,100
4,500
2,500
8,000
10,000
16,500
9,800
9,500
10,000
500
10,100
10,000
2,300
6,400
10,000
4,500
7,200
6,000
8,100

$5,522
10.240
14,382
6,007
2,762
8,120
11,900
19,717
12,152
12,065
11,200
625
10,352
13,400
2,875
7,616
9,600
4,680
7,560
6,060
7,371

50
00
00
50
50
00
00
50
00
00
00
00
50
00
00
00
00
00
00
00
00

$4,689
8,000
14,100
4,500
2,500.
7,983
9,950
16,500
9,800
9,500
10,000
500
10,100
10,000
2,300
6,400
9,909
4,500
7,200
6,000
8,100

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
37
00
00
00
00

376

B A N K C O M M IS S IO N E R S ’ R E P O R T .

,

[Jan

B ank Stock — Concluded.
Estimated

Par Value.
%
Mt. Vernon Nat’l Bank. Boston,
New England Nat’l Bank, Boston, .
Continental Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Commonwealth Nat’l B ank, Boston,
Olobe Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
North Nat’l Bank, Boston,
Exchange Nat'l Bank, Salem,.
Asiatic Nat’l Bank, Salem,
Grand Nat’l Bank, Marblehead,
Warren Nat’l Bank, Peabody,.
So. Danvers Nat’l Bank, Peabody, .

$2,200
2,500
2,500
2,100
2,500
2,500
5,000
2,500
1,000
12,000
1,700
600
900
2,250
4,800
8,700
1,600
$218,050

Market Value.

$8,047
3.587
2,950
2,079
2,950
2,375
6,925
3,000
1,250
11,400
2,125
807
1,102
3,150
6,000
11,310
2,280

00
50
00
00
00
00
00
00
00
0;)
00
00
50
00
00
00
00

$250,546 50

Amount Invested.

$2,200
2,500
2,500
2,100
2,496
2,500
5,000
2,500
1,000
12,000
1,700
600
900
2,250
4,595
8,700
1,600

00
00
00
00
25
00
00
00
00
00
00
00
00
00
00
00
00

$217,672 62

R a ilr o ad B onds .

Boston & Maine R.R.,
Old Colony R.R ,
Eastern R . R . , .....................................
Conn. & Passumpsic Rivers R.R., .
Boston, Revere Beach & Lynn R.R.,
Boston & Lowell R.R.,
Leeds & Farmington R.R.,
Portland & Kennebec R.R.,
Androscoggin & Kennebec R.R., .
Fitchburg R R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$23,000
26,000
5,000
20,000
5,000
25,000
16,500
19,500
5,000
2,000
$147,000

$27,430
31,045
6,425
23,500
5,850
27,125
19,140
21,840
5,400
2,240

00
00
00
00
00
00
00
oo
00
00

$169,995 00

$23,000
26,000
4.750
20,000
5,000
25,000
16,500
19,500
5,000
2,000

00
00
00
00
00
00
(0
00
(0
00

$146,750 00

P U B L IC

1 8 8 7 .]

377

D O C U M E N T — N o. 8

W A R R E N INSTITUTION FOR S A Y IN G S — BOSTON.
Incorporated 1829.

Number of corporators, 130.

T im o t h y T. S a w y e r , President.

G e o r g e F. T u f t s , Treasurer.
State m e n t.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$5,801,798 36
215,538 93
186,500 00

$993,000 00

Public funds, .
.
.
.
Loans on public funds, .
Bank stock,
.
.
.
.
Loans on bank stock,
Railroad bonds,
Loans on railroad bonds,
Railroad notes,
Real estate,
.
.
.
.
Real estate by foreclosure,
Loans on reai estate,
Loans on personal security, .
Loans to counties, cities or
towns........................................
Deposit in bank, on interest, .
Expense account,
State of Massachusetts, .
Cash on hand, .
.
.
.

21,000 00
191,900
11,600
250.000
6,400
235.000
50.000

00

00
00
00
00
00

12.000 00
2,482,620 70
1,727,200 00
60,500
93,310
7,808
50,000
11,497

00
85
14
00
60

$6,203,837 29

$6,203,837 29

Loans on Public Funds, amount on each: —
On
On
On
On

$1,000 United States 4£s..............................................................................................
$2,000 United States 4s......................................................................................
2,000
$8,000 City of Newton b o n d s ,......................................................................
8,000
$10,000 State of Massachusetts b o n d s , .....................................................
10,000

00
00
00
00

Loans on Bank Stock, amount on each : —
On 5 shares Bunker Hill National Bank, Boston,.............................................j
$800 00
On 5 shares Naumkeag National Bank, S a l e m , ............................................ >
On 8 shares Lechmere National Bank, C a m b r i d g e ,...................................
100 00
On 21 shares Bunker Hill National Bank, B o s t o n , ....................................1,500 00
On 19 shares Bunker Hill National Bank, B o s t o n , ....................................j
3;200 00
On 20 shares Monument National Bank, Boston,............................................ 1
On 60 shares First National Bank, E a s t o n ,.....................................................
6,000 00
Loans on Railroad Bonds, amount on each : —
On $7,000 Boston & Maine 7s................................................................................ )
On $1,000 Fitchburg 6s............................................................................................■*

$6,400 00

Invested in real estate (for banking p u r p o s e s ) ,............................................ $50,000 00
Estimated value of the sam e,................................................................................
52,800
Amount of real estate held by foreclosure..........................................................
12,000
Assessed value of the s a m e ,................................................................................
14,500
Amount of municipal tax on real e s t a t e , .....................................................
854
Cash on Deposit in Bank : —
Bunker Hill National Bank, B o s t o n , .............................................................. $93,310 85


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Federal Reserve Bank of St. Louis

/

00
00
00
71

378

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

Whole amount of interest or profits received or earned,
.
.
.
.
$270,693 65
Rate and amount of each semi-annual dividend for previous f 2 per cent., f 109,699 30

7 ear............................................................................................... .... per cent., 1 111,997 28
Times for the dividends, fixed by the by-laws : third Wednesday in April
and October.
The total amount of loans, with each specified rate of interest: $50,000, 2J
percent.; $175,000, 3£ per cent.; $30,000, 3| percent ; $592,500, 31 per
cent ; $796,700, 4 per cent ; $83,500, 4| per cent.; $891,100, \\ per cent.;
$55,000, 4f per cent.; $38,800, 41 per cent ; $1,074,450,5 percent.;
$356,650, 5£ per cent.; $385,104, 6 per cent.; $30,900, 6£ per cent.;
$21,200, 7 per cent.; $4,500, 7 3-10 per cent.; $8,916 70, 7£ per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,................................................................................................. 475
Aggregate amount of the s a m e , .......................................................................
Number of open a c c o u n t s ,.............................................................. 14 935
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ............................................................................................... H,523
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.................................................................................... 702
Number and amount of w ithdraw als,............................................
7,784
Number of accounts opened the previous year, .
.
.
.
1572
Number of accounts closed the previous year,
.
.
.
.
1,037
Amount of expenses of the corporation during previous year, .
.
.
Amount of treasurer’s b o n d ,................................................................................
Date of examination by commissioner : October 22.

762 620 70

1,051,788 58
332,023 00
828,613 25

10,229 94
20 000 00

P u b lic F u n d s .

Par Value.

United States 4is,
United States 4s,

.

.

.

.

City and town bonds : —
City of Charlestown,
Town of Everett, .
.
.
.
City ot L y n n ,.....................................
oi Haverhill, .
.
.
.
of Brockton, .
.
.
.
Town of Weymouth,
City ot Northampton, .
ot Biddeford, Me., .
ot Dayton, Ohio,

$300,000
250,000
40,000
5,000
63,000
80,000
50,000
100,000
50,000
5,000
50,000

Estimated
Market Value.

$336,000 00
321,250 00
44,000
5,700
69,300
84,000
55,000
110,000
55,000
5,400
54,000

00
00
00
00
00
00
00
00
00

$993,000 $1,139,650 00

Amount Invested.

$300,000 00
250,000 00
40,000
5,000
63,000
80,000
60,000
100,0 )0
50,000
5,000
50,000

00
00
00
00
00
00
00
00
00

$993,000 00

B an k Sto c k .

Atlas Nat’l Bank, Boston,
Bunker Hill Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Eagle Nat’l Bank, Boston,


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Federal Reserve Bank of St. Louis

$9,000
20,000
2,000
7,500

$10,822
36,500
2,020
8,100

50
00
00
00

$9,000
20,000
2,000
7,500

00
00
00
00
■

1 8 8 7 .]

P U B L IC

379

D O C U M E N T — N o . 8.

B ank Stock — Concluded.

Par Value.

Eliot Nat’l Bank, Boston,
Everett Nat’l Bank, Boston, .
Hide & Leather Nat’l B’k, Boston, .
Howard Nat’l Bank, Boston, .
Massachusetts Nat’l Bank, Boston,
Merchandise Nat’ l Bank, Boston, .
Naumkeag Nat’l Bank, Salem,
New England Nat’ l Bank, Boston, .
Second Nat’l Bank, Boston, .
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
Traders’ Nat’l Bank, Boston, .
Tremont Nat’l Bank, Boston, .
Union Nat'l Bank, Boston,
Webster Nat’l Bank, Boston, .

$15,800
6,000
15,000
10,000
5,500
5,000
4,200
11,600
4,300
5.000
11,800
10,000
8,400
10,800
20,000
10,000
$191,900

Estimated
Market Value.

$20,105
6,000
17,887
11,762
5,225
5,200
5,754
16,646
6,622
5,087
13,806
10,000
8,316
11,070
27,600
10,200

50
00
50
50
00
00
00
00
00
50
00
00
00
00
00
00

$238,724 50

Amount Invested.

$15,800
6,000
15,000
10,000
5,500
5,0( 0
4,200
11,600
4,300
5,000
11,800
10,000
8,400
10,800
20,000
10,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$191,900 00

R ailroad Bonds.
Worcester & Nashua R.R.,
Old Colony R.R. 6s,
.
Old Colony R.R. 7s,.
Boston & Albany R.R., .
Boston & Lowell R R., .

)

https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

$50,000
50,000
50,000
50,000
50,000
$250,000

$57,500
60,937
60,625
60,000
51,750

00
50
00
00
00

$290,812 50

$50,000
50,000
50,000
50,000
50,000

00
00
00
00
00

$250,000 00

380

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

W AR R E N SAYINGS BANK — W AR R E N .

Incorporated 1882.

Number of corporators, 27.

J o h n W. C h a d s e y , President.

S a m u e l E. B l a i r , Treasurer.
Statem ent.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$123,891 04
785 25
781 91

$125,458 20

Bank stock,
.
.
.
.
Railroad bonds,
Loan on railroad bonds, .
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns........................................
Deposit in bank, on interest, .
Expense account,
Cash on hand, .
.

$1,615
21,746
2,600
45,506
6,033

50
26
62
00

45,000
1,995
854
107

00
31
33
18

00

$125,458 20

Loan on Railroad Bond : —
On $4,000 Salem & Lowell R a i l r o a d ,.............................................................. $2,600 00
Cash on Deposit in Bank: —
First National Bank, W o r c e s te r ,.......................................................................$1,995 31
Whole amount of interest or profits received or earned,
.
.
.
.
$4,740 26
Rate and amount of each semi-annual dividend for previous j 2 per cent., f
1,689 64
year,
..........................................................................................1 2 per cent., I
1,906 44
Times for the dividends, fixed by the by-laws : April and October.
The total amount of loans, with each specified rate of interest: $45,000, 4
per cent.; $10,375,5 per cent.; $26,014, 5J percent.; $17,750.62, 6 per
cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ............................................................................................................... 58
Aggregate amount of the s a m e , .......................................................................
43,664 62
Number of open a c c o u n t s ,.......................................................................702
Number and amount of deposits (including dividends) received for previous
y e a r , ..................................................................................................
1,185
66,205 36
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.................................................................................
36
19,273 92
Number and amount of withdrawals............................................................ 466
36,121 56
Number of accounts opened the previous year......................................... 245
Number of accounts closed the previous year.............................................103
Amount of expenses of the corporation during previous year, .
.
.
854 33
Amount of treasurer’s bond...................................................................................
5,000 00
Date of examination by commissioner : November 8.


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Federal Reserve Bank of St. Louis

1887.]

P U B L IC

381

D O C U M E N T — N o. 8
B ank Stock .

Par Value.

Tremont Nat’l Bank. Boston, .
Nat’l Bank of Commerce, Boston, .

Estimated
Market Value.

Amount Invested.

11,200
300

$1,230 00
381 00

$1,272 00
343 50

$1,500

$1,611 00

$1,615

$3,547
14,400
2,426
1,136

$3,717
14,397
2,486
1,144

Railroad Bonds.
Boston
Boston
Boston
Boston

& Albany R.R. 7s,
& Albany R.R. 6s,
& Providence R.R. 7s..
& Lowell R.R. 5s,


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Federal Reserve Bank of St. Louis

$3,000.
12,01 0
2,000
1,000
$18,000

50
00
67
67

$21,510 84

36
33
72
85

$21,746 26

B A N K C O M M IS S IO N E R S ’ R E P O R T .

382

[Jan.

W AT E R T O W N SAYINGS BANK — W AT E R T O W N .
Incorporated 1870.

Number of corporators, 29.
G e o . E. P r ie s t , Treasurer.

A l f r e d H o s m e r , President.
Statem ent.

A ssets .

L iab ilit ies .

Deposits,
Earnings undivided, .
Guaranty fund, .

$297,797 23
4,916 24

6,200 00

Public funds, .
.
.
.
Bank stock,
.
.
.
.
Railroad bonds,
Loans on real estate,
Deposit in banks, on interest, .
Expense account,
Cash on hand, .
.
.
.

$23,605
47,612
55,475
174,040
7,663

00
87
00
43
78

2 00
514 39
$308,913 47

$308,913 47

Cash on Deposit in Banks, amount in each : —
Boston Safe Deposit and Trust Company, B o s t o n , ................................... $4,775 58
Union Market National Bank, W atertow n,.....................................................
2,888 20
Whole amount of interest or profits received or earned,
.
.
.
.
$16,067 04
Rate and amount of each semi-annual dividend for previous j 2 per cent., f
5,621 02
year................................................................................................ J 2 per cent., 1
5,542 22
Times for the dividends, fixed by the by-laws : first Wednesday in April
and October.
The total amount of loans, with each specified rate of interest: $59,800, 5
percent.; $22,550, 5£ per cent.; $81,440.43, 6 per cent.; $1,100, 6^ per
cent.; $5,700, 7 per cent.; $3,450, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,................................................................................................65
Aggregate amount of the s a m e , .......................................................................
89,875 00
Number of open a c c o u n t s ,.............................................................. 1,058
Number and amount of deposits (including dividends) received for pre­
vious y e a r , .........................................................................................
1,197
74,974 27
Number and amount of deposits of and exceeding $300at any one time,
for the previous y e a r ,...........................................................................
32
17,916 94
Number and amount of withdrawals, .......................................................... 572
65,766 68
Number of accounts opened the previous y e a r , .................................188
Number of accounts closed the previous y e a r , .................................103
Amount o f expenses of the corporation during previous year,
.
.
.
1,818 90
Amount of treasurer’s b o n d , ................................................................................
5,000 00
Date of examination by commissioner : March 24.
P u b l ic F u n d s .

Par Value.

City of Bangor, Me., 6s, .
of Charlestown 6s, .
of Fitchburg 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$2,000
3,000
1,000

Estimated
Market Value.

Amount Invested.

f2,480 00
3,240 00
1,145 00

$2,100 00
3,000 00
1,100 00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8

383

P u b l ic F u n d s — Concluded.

-

City of Newton 5s, .
.
of Newton 6s, .
.
of Cambridge 6s, .
of Newbury port 6s,
of Boston 6s, .
Town of Arlington 6s,
of Brookline 7s,

.
.

.
.

Tar Value.

$2,000
1,000
6,000
1,000
1,000
4,000
500
$21,500

Estimated
Market Value.

$2,420
1,330
7,920
1,030
1,310
4,480
670

00
00
00
00
00
00
00

$26,025 00

Amount Invested.

$2,340
1,195
7,080
1,000
1,190
4,000
600

00
00
00
00
00
00
00

$23,605 00

B a n k St o c k .

Union Market Nnt’l B’k, Watertown,
Commonwealth Nat’l Bank, Boston,
Blaekstone Nat’l Bank, Boston,
Metropolitan Nat’l Bank, Boston, .
Market Nat’l Bank, Boston,
Exchange Nat’l Bank, Boston,
Continental Nat’ l Bank, Boston,
Webster Nat’l Bank, Boston, .
North America Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Shoe and Leather Nat’ l B’k, Boston,
Central Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston, .

$1,200
2,000
2,500
1,200
3,200
1,000
5,000
1,900
2,000
2,500
2,000
5,250
4,000
2,600
2,000
2,500
2,000
1,200
$43,900

$1,668
2,360
2,800
1,344
2,912
1,280
5,912
1,938
2,1* <0
3,000
1,920
4,987
4,000
2,375
2,160
2,537
2,150
1,188

00
00
00
00
00
00
50
00
00
00
00
50
00
00
00
50
00
00

$1,700
2,000
2,700
1,240
3,200
1,275
5,600
2,014
2,155
2,800
2,000
6,037
4,000
2,684
2,255
2,725
2,0( 0
1,227

00
00
00
00
00
00
00
00
00
00
00
50
00
37
00
00
00
00

$46,632 50

$47,612 87

$1,000
5,000
1,500

$5,850 00
5,975 00
1,680 00

$5,543 75
5,920 00
1,657 50

2,000
3,000
10,000
10,000
10,000
4,000

2,350
3,480
11,650
10,725
10,300
4,700

2,357
3,573
11,000
10,850
10,187
4,385

Railroad Bonds.
Vermont & Massachusetts R.R.,
Boston & Maine R.R.,
Cheshire R R.........................................
Boston, Clinton, Fitchburg & New
Bedford R.R.,
.
.
.
.
Leeds & Farmington R.R.,
Boston & Albanv R.R., .
Boston & Lowell R.R.,
Fitchburg R R.,
Conn. & Passumpsic Rivers R.R., .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$50,500

00
00
00
00
00
00

$56,710 00

50
75
00
00
50
00

$55,475 00

384

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

\

W EBSTER F IVE CENTS SAVINGS BANK — W EBSTER.
Incorporated 1868.

Number of corporators, 54.

F. D. B r o w n , President.

F. A. S t o c k w e l l , Treasurer.
St a te m e n t.

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

A ssets .

$605,613 78
1,858 42
9,725 25

Public funds, .
.
.
.
Bank stock,
.
.
.
.
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns........................................
Deposit in bank, on interest, .
Expense account,
Premium account, .
Cash on hand, .
.
.
.

$617,197 45

$ 10,000
81,800
3,200
67.000
350
344,331
54,110

00
00
00
00
00

00
00

24.000
16,262
482
15,080
581

00
63
79
00
03

$617,197 45

Loan on Bank Stock : —
On 40 shares Home National Bank, H o l y o k e , ............................................ $3,200 00
Amount of real estate held by foreclosure,................................... ’
.
.
Assessed value of the s a m e ,................................................................................
Amount of municipal tax on real e s t a t e , ......................................................

$350 00
300 00
3 54

Cash on Deposit in Bank: —
First National Bank, W e b s t e r , .......................................................................$16,262 63
Whole amount of interest or profits received or earned,
.
.
.
.
$30,862 46
Rate and amount of each semi-annual dividend for previous ) 2 per cent., ( 10,040 87
year,
. , ................................................................................ 12 per cent., I
10,626 66
Times for the dividends, fixed by the by-laws : January and July.
The total amount of loans, with each specified rate of interest: $24,000, 4
per cent.; $146,296, 5 per cent.; $62,730, 5^ per cent.; $192,615,6 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ............................................ .
.
.
.
.
.
.
.
289
Aggregate amount of the same..............................................................................
227,451 00
Number of open a c c o u n t s ,......................................................... 2,693
Number and amount of deposits (including dividends) received for pre­
vious year....................................................................................
2,697
173,069 37
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,................................................................................
98
45,053 57
Number and amount of withdrawals,.
.
.
.
.
.
1,109
101,995 91
Number of accounts opened the previous year,
.
.
.
. 483
Number of accounts closed the previous year...........................................216
Amount of expenses of the corporation during previous year,. . .
1,448 90
Amount of treasurer’s b o n d ,................................................................................
25,000 00
Date of examination by commissioner : June 23.


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Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

385

D O C U M E N T — N o . 8.
P

u b l ic

Town of Pawtucket, R. I.,
District of Columbia,

F

u nds.

Par Value.

Estimated
Market Value.

Amount Invested.

$5,000
5,000

$5,625 00
6,750 00

$5,000 00
5,000 00

$10,000

$12,375 00

$10,000 00

$7,015 00
11,200 00
2,950 00
2,160 00
2,700 00
650 00
4,370 00
1,000 00
12,900 00
2,575 00
2,400 00
2,525 00
7,475 00
1,170 00
4,500 00
1,400 00
6,550 00
5,280 00
4,080 00
475 00
2,975 00
1,275 00
550 00
200 00
2,200 00
2,750 00
2,625 00

$6,100 00
8,000 00
2,300 00
1,200 00
2,300 00
500 00
3,800 00
1,000 00
11,200 00
2,300 00
2,000 00
1,900 00
7,400 00
1,000 00
3,600 00
1,000 00
6,400 00
4,800 00
3,400 00
400 00
2,500 00
1,000 00
500 00
200 00
2,000 00
2,500 00
2,500 00

B a n k St o c k .

Quinsigamond Nat’l B’k, Worcester,
Worcester Nat’l Bank, Worcester, .
Mechanics’ Nat’l B’k, Worcester,
First Nat’ l Bank, Worcester, .
City Nat’l Bank, Worcester, .
Southbridge Nat’l B’k, Southbridge,
Oxford Nat’ l Bank, Oxford,
Grafton Nat'l Bank, Grafton, .
First Nat’l Bank, Webster,
Barre Nat’l Bank, Barre,.
Newburyport Nat’l B’k, Newburyp’t,
Bovlston Nat’l Bank, Buston, .
Shoe & Leather Nat’l B’k, Boston, .
State Nat’l Bank, Boston,
Revere Nat’ l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Atlas Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Old Boston Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
City Nat’l Bank, Boston, .
Lincoln Nat’l Bank, Boston,
Uncas Nat’l Bank, Norwich, Conn.,
First Nat’l Bank, Norwich, Conn., .

$6,100
8,000
2,300
1 ,200
2,300
500
3,800
1 ,000
11,200
2,300
2,000
1,900
7,400
1,000
3,600
1 ,000
6,400
4,800
3,400
400
2,500
1,000
500
200
2,000
2,500
2,500
$81,800

$95,950 00

$81,800 00

R a il r o a d B o n d s .

Boston & Albany R.R. 7s,
Old Colony R.R. 7s,
Old Colony R.R. 6 s ,.
Boston, Rev. Beach & Lynn R.R. 6s,
Vermont & Massachusetts R.R. 5s, .
Lowell & Lawrence R.R. 6s, .
Newport & Richford R.R. 5s, .
Boston, Clinton, Fitchburg & New
Bedford R.R. 5s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$,5000
12,000
10,000
10,000
10,000
5,000
5,000

$5,825
14,520
11,900
11,700
11,250
5,850
5,650

00
00
00
00
00
00
00

10,000

11,400 00

10,000 00

$67,000

$78,095 00

$67,000 00

$5,000
12,000
10,000
10,000
10,000
5,000
5,000

00
00
00'
00
00
00
CO*

386

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

W ELLFLEE T SAYINGS BANK — W ELLFLEET.
Incorporated 1863.
R

ic h a r d

Number of corporators, 58.

R . F r e e m a n , President.

T h o m a s K e m p , Treasurer.
Statem ent.

L ia b il it ie s .

Deposits, .
Earnings undivided, .
Guaranty fund, .
Bills payable,

A ssets .

$320,755
6,437
16,551
15,519

41
62
31
53

Public funds, .
.
.
.
Bank stock,
.
.
.
.
Railroad bonds,
Real estate,
.
.
.
.
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
t o w n s ,...................................
Deposit in bank, on interest, .
Cash on hand, .
.
.
.

$359,263 87

$29,843 75
116,213 00
45,324 08

2,000 00
17,500 00
113,255 79
14,445 10
3,625 00
16,845 66
211 49
$359,263 87

Invested in real estate (for banking p u r p o s e s ) ,............................................ $ 2,000 00
Estimated value of the same,.............................................................. ........
.
3,000 00
Amount of real estate held by foreclosure,.....................................................
17,500 00
Assessed value of the s a m e ,................................................................................
29,500 00
Amount of income received from the s a m e ,............................................
.
216 50
Amount of municipal tax on real e s t a t e , ..................................................... 1,001 56
Cash on Deposit in Bank: —
Blackstone National Bank, B o s t o n , .............................................................. *$16,845 66
Whole amount of interest or profits received or earned,
.
.
.
.
$18,621 88
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f
6,381 09
y e a r , .........................................................................................J-2 per cent., 1
6,398 60
Times for the dividends, fixed by the by-laws: January and July.
The total amount of loans, with each specified rate of interest: $17,559.30,
4 percent.; $75,894.75, 5 per cent.; $55,991.04, 6 per cent.; $28,148.11,
7 per cent.; $19,460.42, 8 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ............................................................................................................... 68
Aggregate amount of the same...............................................................................
50,791 04
Amount of investments from which no income is received, .
.
.
.
10,000 00
Number of open accounts...................................................................... 1,004
Number and amount of deposits (including dividends) received for previous
y e a r , .......................................................................................................... 324
43,779 89
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year....................................................................................
17
9,396 06
Number and amount of w ith d raw als,..................................................... 500
54,752 57
Number of accounts opened the previous y e a r , ....................................91
Number of accounts closed the previous y e a r , ....................................... 103
Amount of expenses of the corporation during previous year, .
.
.
1,507 48
Amount of treasurer’s b o n d ,................................................................................
20,000 00
Date of examination by commissioner: September 1.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

* The excess over 5 per cent, of deposits is only temporary.

P U B L IC

1 8 8 7 .]

387

D O C U M E N T — N o. 8
P u b l ic F u n d s .

Par Value.

City of Dayton, Ohio, bonds, .
of Grand Rapids, Mich., bonds,

Estimated
Market Value.

Amount Invested.

$10,000
I5,u00

$10,300 00
19,050 00

$10,383 33
19,460 42

$25,000

$29,350 00

$29,843 75

B a n k St o c k .

Traders’ Nat’ l Bank, Boston, .
Republic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Third Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Eagle Nat’l Bank, Boston,
Hamilton Nat’ l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Old Boston Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Central Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Manufacturers’ Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Shoe & Leather Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston,.
Eliot Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Faneuil Hall Nat’ l Bank, Boston, .
Webster Nat’ l Bank, Boston, .
Continental Nat’l Bank, Boston,

$900
5,000
5,000
15,000
5,000
4,000
4,000
7,000
2,500
2,700
7,500
8,700
6,100
3,000
3,000
8,000
800
5,00 )
5,000
4,200
2,000
3,500
8,000
$115,900

$893
6,950
6,125
14,868
6,012
4,410
5,065
7,612
3,000
3,219
8,287
9,918
6,145
3,343
3,817
8,090
832
6,037
6,500
4,158
2,700
3,605
9,600

25
00
00
75
50
00
00
50
00
75
50
00
75
75
50
00
00
50
00
00
00
00
00

$900
5,000
5,000
*10,000
5,000
4,000
4,500
8,713
2,500
3,300
*10,000
8,700
6,100
3,000
3,000
8,000
800
5,000
5,000
4,200
2,000
3,500
8,000

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$131,191 75

$116,213 00

$7,140
7,700
20,000
5,575
5,500

$7,175
8,029
20,119
5,000
5,000

R a il r o a d B o n d s .

Fitchburg R.R.,
.
.
.
.
Mansfield & Framingham R.R.,
Boston & Lowell R R , .
Vermont & Massachusetts R.R.,
Newport & Richford R.R.,

$7,000
7,000
16,000
5,000
5,000
$40,000

00
00
00
00
00

$45,915 00

$45,324 08

* This bank has been notified that these investments exceed the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

97
00
11
00
00

388

B A N K C O M M IS S IO N E R S ’ R E P O R T .

WESTBOROUGH

[Jan

SAYINGS BANK — WESTBOROUGH.

Incorporated Feb. 9, 1869.

Number of corporators, 57.

E d w i n B u l l a r d , President.

G e o . O. B r i g h a m , Treasurer.
St a t e m e n t .

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Suspense account,

A ssets .

$609,964 74
12,282 71
15,300 00
86 52

Public funds, .
.
.
.
Bank stock,
.
.
.
.
Loan on bank stock,
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
t o w n s ,...................................
Deposit in banks, on interest,.
Deposit in banks, not on in­
terest, ....................................
Expense account,

$637,633 97

$36,500
53,400
3,285
4,000
20,489
415,632
66,082

00
00
00
00
61
52

00

10,000 00
23,644 35
4,320 99
279 50
$637,633 97

Loan on Bank Stock : —
On 33 shares First National Bank, Westborough,............................................ $3,285 00
Amount of real estate held by foreclosure,..................................................... $20,489 61
Assessed value of the s a m e ,................................... *
....................................
20,075 00
Amount of income received from the same...............................................
1,134
32
Amount of municipal tax on real e s t a t e , ...........................................
288
98
Cash on Deposit in Banks, amount in each : —
Commonwealth National Bank, Boston,
......................................................$154 53
First National Bank, W o r c e s t e r ,.......................................................................
1,594 86
City National Bank, W o r c e s t e r ,.......................................................................
21,594 96
First National Bank, W e s t b o r o u g h ,..............................................................
4,320 99
I

Whole amount of interest or profits received or earned,
.
.
.
.
$32,844 41
Rate and amount of each semi-annual dividend for previous 1 2 per cent, f
11,136 86
y e a r , ........................................................................................ J 24 per cent., 1 14,127 21
Times for the dividends, fixed by the by-laws : February and August.
The total amount of loans, with each specified rate of interest: $4,000, 3f
per cent.; $3,000,4 per cent.; $10,000,44 percent.; $32,150, 54 per cent.;
$401,254.52, 6 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each..................................................................................................... 266
Aggregate amount of the same,
.
.
.
.
.>
.
.
284,549 52
Amount of investments from which no incomeis received,.
.
.
.
700 00
Number of open a c c o u n t s ,..........................................................2,009
Number and amount of deposits (including dividends) received for pre­
vious year.....................................................................................
1,661
137,104 49
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.................................................................................
72
45,309 32
Number and amount of withdrawals,
.
.
.
.
.
.
1,201
113,043 39


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1887. J

P U B L IC

D O CU M EN T — No. 8

389

Number of accounts opened the previous year, .
.
.
.
.
372
Number of accounts closed the previous y e a r , ....................................257
Amount of expenses of the corporation during previous year,
.
.
.
Amount of treasurer’s b o n d ,...............................................................................
Date of examination by commissioner : March 17.

$1,723 32
20,000 00

P u b l ic F u n d s .

Tar Value.

Town of Westborough 5s,
Town of Westborough 4s,
City of Rockland,'Me., .
1

Estimated
Market Value.

Amount Invested.

110,000
24,000
2,500

$12,000 00
24,500 00
2,500 00

$10,000 00
24,000 ( 0
2,500 00

$36,500

$39,000 00

$36,500 00

B a n k St o c k .

Tremont Nat’l Bank, Boston, .
Traders’ Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Redemption Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Globe Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Everett Nat’l Bank, Boston,
New England Nat’l Bank, Boston, .
Commerce Nat’l Bank, Boston,
First Nat’l Bank, Westborough,
Mill bury Nat’ l Bank, Millbury,
First Nat’l Bank, Marlborough,
Grafton Nat’l Bank, Grafton, .
Northborough Nat’l Bank, Northborough,
,
Hopkinton Nat’l Bank, Hopkinton,
City Nat’l Bank, Worcester, .
Quinsigamond Nat’l B’k, Worcester,

$3,600
4,600
4,200
2,000
1,900
1,600
1,000
3,000
600
800
10,900
2,000
10,000
500

$3,690
4,550
5,880
2,500
2,250
1,500
1,350
3,000
800
900
12.535
2,600
9,500
575

00
00
00
00
00
00
00
00
00
00
00
00
00
00

$3,600
4,600
4,200
2,000
1,900
1,600
1,000
3,000
600
800
10,900
2,000
10,000
500

00
00
00
00
00
00
00
00
00
00
00
00
00
00

2,000
1,000
2,200
1,500

2,500
1,140
2,860
1,650

00
00
00
00

2,000
1,000
2,200
1,500

00
00
00
00

$53,400

$59,780 00

$53,400 00

$1,000
1 ,0 0 0
2,000

$1,180 00
1,080 00
2,200 00

$1,000 00
1,000 00
2,000 00

$4,000

$4,460 00

$4,000 00

R a il r o a d B o n d s .

Fitchburg R .R ,
.
.
.
.
Maine Central R.R.,
Boston, Clinton & Fitchburg R.R., .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

390

B A N K C O M M IS S IO N E R S ’ R E P O R T ,

[Jan.

W ESTFIELD SAYINGS BANK — W ESTFIELD.
Incorporated 1853.

Number of corporators, 53.

Same . F o w l e r , President.

V . W . C r o w s o n , Treasurer.
St at e m e n t.

A ssets .

L iab ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Real estate rent ac­
count,
Other liabilities, .

$874,510 32
17,661 10
18,905 12
4,450 05
61 63

Public funds, .
.
.
.
Bank stock..................................
Loans on bank stock,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
t o w n s ,...................................
Deposit in bank, on interest, .
Deposit in bank, not on inter­
est,
....................................
Expense account, .
Taxes and expenses on real
e s t a t e ,...................................
Premium account, .
Cash on hand, .
.
.
.

$171,000
64,500
1,024
25,365
536,363
49,727

00
00
47
64
89
38

16,000 00

10,000 00
14,432 49
959 17
770 10
22,204 95
3,240 13
$915,588 22

$915,588 22

Loans on Bank Stock, amount on each : —
On 7 shares First National Bank, W estfield,.....................................................
On 5 shares Hampden National Bank, W e s t f i e l d , ....................................

$524 47
500 00

s
Amount of real estate held by foreclosure, .
Assessed value of the same, .
.......................................................................
Amount of income received from the same.........................................................
Amount of municipal tax on real e s t a t e , .....................................................

$25,365
23,550
3,679
3,574

64
00
95
37

Cash on Deposit in Banks, amount in each: —
First National Bank, Westfield.......................................... ........
Springfield Safe Deposit and Trust Company, Springfield, .

$14,432 49
.

10,000 00

$38,526 32
Whole amount of interest or profits received or earned,
.
.
.
.
16,469 14
Hate and amount of each semi-annual dividend for previous 1 2 per cent.; f
16,994 17
y e a r , .................................... ........ ............................................J 2 per cent., I
Times for the dividends, fixed by the by-laws : January 10 and July 10.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 8 2-5.
Date of the last extra dividend: July 10, 1868.
The total amount of loans, with each specified rate of interest: $5,250, 4 per
cent.; $597,865.74, 5 per cent.
Number of outstanding loans which are of an amount not exceeding $3,000
e a c h , ......................................................................................................... 308
311,794 22
Aggregate amount of the s a m e , .......................................................................
Number of open a c c o u n t s ,.............................................................. 3,010
Number and amount of deposits (including dividends) received for pre­
219,492 36
vious y e a r , ..............................................................
.
7,753


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

391

D O C U M E N T — N o. 8

Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,............................................................................. 160
Number and amount of withdrawals, .
*
.
.
.
.
1,651
Number of accounts opened the previous y e a r , .................................472
Number of accounts closed the previous year.........................................330
Amount of expenses of the corporation during previous year,
.
.
.
Amount of treasurer’s b o n d ,...............................................................................
Date of examination by commissioner : October 5.

$95,165 70
175,114: 16

1,683 71
10,000 00

P u b l ic F u n d s .

Par Value.

United States currency 6s,
United States 4^s, .
.
.
.
United States 4s,
. . .
City of Providence water bonds,
of Chelsea bonds, .
Town of Westfield water bonds,
City of Charlestown bonds, .
Town of Northampton bonds,

.

,

$40,000
20,000
57,000
5,000
3,000
40,000
3,000
3,000
$171,000

Estimated
Market Value.

$51,287
22,350
73,387
6,000
3,562
40,000
3,315
3,360

50
00
50
00
50
00
00
00

Amount Invested.

$44,889
20,000
59,215
5,537
3,428
40,000
3,277
3,309

45
00
82
39
02
00
50
33

$203,262 50

$179,657 51

$12,500 00
23,598 00
5,890 00

$12,500 00
21,019 25
5,810 00

B a n k St o c k .

City Nat’l Bank, Holyoke,
First Nat’l Bank, Westfield,
Hampden Nat’l Bank, Westfield, .
Hampshire Co. Nat’l Bank, Northampton,
.
.
.
.
.
Agawam Nat’l Bank, Springfield, .
Nat’l Bank of Redemption, Boston,
Nat’l Bank of No. America, Boston,
Suffolk Nat’l Bank. Boston,
Nat’ l Eagle Bank, Boston,
Hide & Leather Nat’l B’k, Boston, .
Atlas Nat’l Bank, Boston,
City Nat’l Bank, Springfield, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$10,000
17,100
3,800
3,000
3,200
9,600
2,500
3,500
2.000
500
4,300
5,000
$64,500

3,900
4,160
12,096
2,650
3,867
2,200
596
5,203
6,900

00
00
00
00
50
00
25
00
00

$83,560 75

3,000
3,672
12,395
2,732
4,084
2,300
566
5,343
5,000

00
00
87
00
00
00
25
50
00

$78,422 87

B A N K C O M M IS S IO N E R S ’ R E P O R T .

392

[Jan.

W EYM O U TH SAYINGS BANK — W EY M O U T H .
Incorporated 1833.

Number of corporators, 79.

H e n r y A. N a s h , President.

C h a s . T. C r a n e , Treasurer.
Statem ent.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$539,836 01
13,256 24
18,405 00

Public funds, .
.
.
.
Loan on public funds,
Bank stock..................................
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
t o w n s ,...................................
Deposit in bank, on interest, .
Deposit in bank, not on inter­
est,
...................................
Suspense account, .
Cash on hand, .
.
.
.

$571,497 25

$77,990 00

6,000 00
46,153
25,020
30,320
361,249
5,195

50
00
00
00
00

3,000 00
10,087 85
168 29
5,800 00
513 61
$571,497 25

Loan on Public Funds : —
On $2,000 City of Salem b o n d s , .......................................................................1
On $3,000 City of'Charlestown b o n d s ,.................................................................
On $2,000 Boston, Clinton & Fitchburg Railroad bonds,
.
.
.
.)

$6,000 00

Amount of real estate held by foreclosure,........................................................... $30,320
Assessed value of the s a m e ,................................................................................
25,650
Amount of income received from the sam e,.....................................................
1,044
Amount of municipal tax on real e s t a t e , .....................................................
391

00
00
75
37

Cash on Deposit in Banks, amount in each: —•
Union National Bank, Weymouth,
.
....................................$10,087 85
National Bank of the Republic, B o s t o n , ......................................................
168 29
Whole amount of interest or profits received or earned,
.
.
.
.
$30,280 14
Rate and amount of each semi-annual dividend for previous 1 2 per cent., f 10,351 43
year,
................................................................................. ........ ) 2 per cent., 1 10,499 18
Times for the dividends, fixed by the by-laws: January and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 7J.
Date of the last extra dividend : January, 1874.
The total amount of loans, with each specified rate of interest: $3,000, 3f
per cent.; $6,000, 4 per cent.; $8,000, 4| per cent.; $54,694, 5 per cent.;
$42,280, 54 per cent.; $181,709,6 per cent.; $42,602, 6£ per cent.; $22,059,
7 per cent.; $6,600, 7£ per cent.; $8,500, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 each.....................................................................................................243
Aggregate amount of the s a m e , .......................................................................
252,394 00
Amount of investments from which no income is received, .
.
.
.
200 00
Number of open a c c o u n t s ,.............................................
.
.
1,709


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .]

P U B L IC

393

D O C U M E N T — N o . 8.

Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...........................................
4,054
Number and amount of deposits of and exceeding $300 at any one time,
for the previous y e a r ,.....................................................................................41
Number and amount of w ithdraw als,.........................................................662
Number of accounts opened the previous y e a r , ....................................163
Number of accounts closed the previous y e a r , ................................... 127
Amount of expenses of the corporation during previous year, .
Amount of treasurer’s b o n d ,...............................................................................
Date of examination by commissioner : May 15.

$74,032 45
19,899 32
61,944 14

1,601 98
17,000 00

P u blic F u n d s .

Par Value.

City of South Norwalk, Conn., 6s, .
Town of Weymouth 4s, .
City of Dayton, Ohio, 4s,
of East Saginaw, Mich., 5s.
of Terre Haute, Ind., 5s, .

$5,000
40.000
10.000
10,000
8,000

Bank

Union Nat’l Bank, Weymouth,
Nat’l Hide and Leather B’k, Boston,
Washington Nat’l Bank, Boston,
Traders’ Nat’ l Bank, Boston, .
Boston Nat’l Bank, Boston,
Nat’l Bank of the Republic, Boston,
Merchants’ Nat’l Bank, Boston,
North Nat’l Bank. Boston.
Metropolitan Nat’l Bank, Boston, .
Freeman’s Nat’ l Bank, Boston,
Blaekstone Nat’l Bank, Boston,
First Nat’l Bank, Newburyport,

$5,750
44,000
10,800
11,250
8,480

00
00
00
00
00

Amount Invested.

$5,750
42,110
10.325
11.325
*8,480

00
00
00
00
00

$80,280 00

$77,990 00

$15,000
7,500
4.000
3,300
2,700
3.000
1,2()0
1,400
3.000
1,200
1,100
2,100

$17,250
8,943
5,000
3,267
3,280
4,155
1,368
1.883
3,390
1,203
1,245
2,357

$15,000
7,500
4',000
3,300
2,700
3,000
1,200
1,400
3.100
1,272
1,182
2,499

$45,500

$53,343 00

$16,153 50

$10,000
4,000
5,000
3,000

$11.700
4,820
5,675
3,390

$11,560
4,700
5,550
3,210

$22,000

$25,585 00

$78,000

f

Estimated
Market Value.

St o c k .

00
75
00
00
50
00
00
00
00
00
75
00

00
00
00
00
00
00
00
00
00
00
50
00

R a il r o a d B o n d s .

Boston. Rev. Beach & Lynn R.R. 6s,
Old Colonv R.R. 6s, .
.
.
.
Vermont & Massachusetts R.R. 5s,
Newport & Richford R.R. 5s, .

*

00
00
00
00

This bank has been notified that this investment is illegal.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

00
00
00
00

$25,020 00

394

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

W H ITINSVILLE SAYINGS BANK — W H ITIN SV ILLE .

Incorporated 1872.

Number of corporators, 53.

C h a s . P . W h i t i n , President.

H . A . G o o d e l e , Treasurer.
Statem ent.

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

*

A ssets .

$324.990 40
5,071 48
6,594 23

Public funds, .
.
.
.
Bank stock..................................
Railroad bonds,
.
. " .
Loans on real estate,
Loans on personal security, .
Deposit in banks, on interest, .
Deposit in bank, not on inter­
est,
....................................
Expense account,

$336,656 11

$51,000
83,126
60,000
90,140
45,950
3,823

00
29

00
00
00
67

2,032 14
584 01
$336,656 11

Cash on Deposit in Banks, amount in each: —
Millbury National Bank, Millbury,
Whitinsville National Bank, Whitinsville, .
Maverick National Bank, Boston, .
National Bank of the Commonwealth, Boston,

$3,000
2,032
406
417

00
14
36
31

Whole amount of interest or profits received or earned,
.
.
.
.
$16,192 36
Rate and amount of each semi-annual dividend for previous j 2 per cent., j
5,637 05
y e a r , ..................................................... .........
.
.
. 12 per cent., t
5,853 28
Times for the dividends, fixed by the by-laws : May 1 and November 1.
The total amount of loans, with each specified rate of interest: $68,000, 4
per cent.; $37,000, 4£ per cent.; $52,950, 5 per cent.; $91,580, 6 per
cent.; $10,560, 7 per cent.
Number of outstanding loans which are of an amount not exceeding $ 3,000
e a c h , .......................................................................................................... .......
Aggregate amount of the s a m e , .......................................................................
57,050 00
Number of open a c c o u n t s ,....................................................................... 1,100
Number and amount of deposits (including dividends) received for pre­
vious y e a r , ...............................................................................................933
70,194 73
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year...............................................................................
40
19,440 00
Number and amount of w ith d raw als,................................................. 442
38,837 29
Number of accounts opened the previous y e a r , ....................................223
Number of accounts closed the previous y e a r , ....................................96
Amount of expenses of the corporation during previous year, .
.
.
575 00
Amount of treasurer’s b o n d ,................................................................................
20,000 00
Date of examination by commissioner: June 26.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

P U B L IC

1 8 8 7 .]

395

D O C U M E N T — N o. 8
P u b l ic F u n d s .

-

Par Value.

City and town bonds : —
City of Norwich, Conn.,
of Fall River, .
.
.
.
of Manchester, N. H.,
of Dayton, Ohio,
of Grand Rapids, Mich., .
Town of Rehoboth, .
.
.
.
of Douglas, .
.
.
.
of Woonsocket, R. I., .
of Pawtucket, R. I.,

81,000
5,000
3,000
• 4,000
4,000
5,000
4,000
10,000
15,000
$51,000

Estimated
Market Value.

$1,150
6,450
3,285
4,400
4,390
5,000
4,000
10,000
15,000

00
00
00
00
00
00
00
00
00

$53,675 00

Amount Invested.

$1,000
5,000
3,000
4,000
4,000
5,000
4,000
10,000
15,000

00
00
00
00
00
00
00
00
00

$51,000 00

B a n k St o c k .

Atlantic Nat’ l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boylston Nat’l Bank, Boston, .
Boston Nat’l Bank, Boston,
Columbian Nat’l Bank, Boston,
Commonwealth Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
City Nat’l Bank, Worcester, .
Everett Nat’l Bank, Boston, .
Exchange Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Freeman's Nat’ l Bank, Boston,
Massachusetts Nat’l Bank, Boston, .
Merchants’ Nat’l Bank, Boston,
Millbury Nat’l Bank, Millbury,
New England Nat’l Bank, Boston, .
North Nat’l Bank, Boston,
North America Nat’l Bank, Boston,
Northboro’ Nat’l Bank, Northboro’,
Redemption Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Revere Nat’l Bank, Boston,
Union Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .

$3,900
3,000
2,000
2,000
1,300
1,600
3,000
1,100
4,000
3,000
3,500
1,000
1,000
2,500
3,000
4,200
3,000
1,000
2,500
3,000
1,600
5,000
2,800
1,900
1,000
2,000
$63,900

$5,206
3,607
2,240
2,660
1,576
2,004
3.555
1,397
4,880
3,000
4,620
1,272
1,362
2,500
3,000
5,9( 0
3,900
1,150
3,375
3,150
2,080
6,325
3,920
2,3*4
1,430
2,125

50
50
00
00
25
00
00
00
00
00
00
50
50
00
00
00
00
00
00
00
00
00
00
GO
00
00

$5,640
3,795
2,651
2,998
1,538
2,225
3,752
1,334
4,500
3,735
4,690
1,167
1.398
3,360
3,760
6,055
3,541
1,485
3,243
3,287
2,080
7,287
3,578
2,369
1,372
2,277

75
00
17
00
25
00
50
00
00
00
00
50
75
25
62
75
75
00
75
50
00
50
50
75
50
50

$78,920 25

$83,126 29

$24,500 00
12,960 00

$20,000 00
11,000 00

R a il r o a d B o n d s .

Providence & Worcester R.R.,
Old Colony R.R.,
.
.
.
.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$20,000
11,000

396

B A N K C O M M IS S IO N E R S ’ R E P O R T

[Jan.

R a il r o a d B o n d s — Concluded.

Par Value.

Salem & Lowell R.R..........................
Worcester & Nashua R.R.,
Nashua & Lowell R.R., .
Conn. & Passumpsic Rivers R.R., .
Boston & Lowell R.R.,
Vermont & Massachusetts R.R.,
Fitchburg R.R.,
Maine Central R.R.,
Boston & Maine R.R.,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

f 3,000
1,000
1 ,0 0 0
4,000
5,000
2,000
6,000
2,000
5,000
160,000

Estimated
Market Value.

$3,570
1,010
1,110
4.760
5,870
2,230
6,250
2,460
6,152

Amount Invested.

00
00
00
00
00
00
00
00
00

$3,000 00
1,000 00

$70,872 00

$60,000 00

1 ,0 0 0 oo

4,000
5,000
2,000
6,000
2,000
5,000
V

00
(0
00
00
00
00

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o . 8.

397

WINCIIENDON SAYINGS BA N K — W INCHENDON.

Incorporated 1854.

Number of corporators, 108.

O r l a n d o M a s o n , President.

C . L . B e a l s , Treasurer.
St a t e m e n t .

A ssets .

L iab ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$625,561 83
32,777 54
24,500 25

Bank stock,
.
.
.
.
Railroad bonds,
Loans on real estate,
Loans on personal securitv, .
Deposit in bank, not on inter­
est,
...................................
Cash on hand..............................

$682,839 62

$71,700
26,000
431,491
130,365

00

00
35
14

20,592 15
2,690 98
$682,839 62

Cash on Deposit in Bank : —
First National Bank, Winchendon,...................................................................... $20,592 15
W h o le am ount o f interest or profits received or earned,
.
.
.
.
$37,457 25
Bate and amount of each semi-annual dividend for previous j 2 per cent., f 11,789 6/
.....................................................................................J2 per cent., (
11,985 42

Times for the dividends, fixed by the by-laws : May 1 and November 1.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend : 4£.
Date of tbe last extra dividend : November 1, 1885.
The total amount of loans, with each specified rate of interest: $206,270.14,
a per cent.; $16,000,
per cent.; $62,300,5J per cent.; $273,986.35, 6 per
cent.; $1,500, 6£ per cent.; $1,800, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
. 170
$3,000 e a c h ,........................................................................................
Aggregate amount of the s a m e , .....................................................
1,965
Number of open a c c o u n t s ,..............................................................
Number and amount of deposits (including dividends) received for pre1,103
vious year,
.
.......................................................................
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, ................................................................................ 73
. 898
Number and amount of withdrawals, .
.
.
.
.
.
. 187
Number of accounts opened the previous year, .
.
.
.
. 161
Number of accounts closed the previous year,
.
.
.
.
Amount of expenses of the corporation during previous year, .
Amount of treasurer’s bond, .
.
.
.
i
.
.
•
•
Date of examination by commissioner: June 26.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

156,476 62
110,930 22
39,620 88
97,835 24

1,355 51
50,000 00

398

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Ba n k St o c k .

Par Value.

Fitchburg Nat’l Bank, Fitchburg, .
Rollstone Nat’l Bank, Fitchburg, .
First Nat’l Bank, Leominster,.
Leominster Nat’i Bank, Leominster,
First Nat’l Bank, Boston,
Nat’l Bank of Redemption, Boston,
Nat’l B'k ofCommonwealth, Boston,
Eliot Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank. Boston, .
Mechanics’ Nat’l Bank, Boston,
First Nat’l Bank, Winchendon,

$1,000
9.800
850
4,200
1,600
10,000
2,500
6,700
10,000
4.800
3,4i 0
24,300
$79,150

Estimated
Market Value.

$1,400
13,720
100
3,990
3,200
12,000
2,800
8,040
13,000
6,000
4,080
34,020

00
00
00
00
00
00
00
00
00
00
00
00

Amount Invested.

$! ,000
9.800
700
3,200
1,600
10,000
2,500
6,700
10,000
4.800
3,400
18,000

00
00
00
00
00
00
00
00
00
00
00
00

$102,350 00

$71,700 00

$11,000
15,000

$11,880 00
17,250 00

$11,000 00
15,000 00

$26,000

$29,130 00

$26,000 00

R a il r o a d B o n d s .

Cheshire R .R .,.....................................
Fitchburg R.R.,
.
.
.
.

\


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

1 8 8 7 .1

P U B L IC

D O C U M E N T — N o. 8

399

W INCHESTER SAVINGS B A N K — W INCHESTER.

Incorporated 1871.

Number of corporators, 31.

J o h n T . M a n n y , Treasurer.

T h o m a s P . A y e r , President.
St a t e m e n t .

A ssets .

L ia b il it ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .
Premium account,
Other liabilities,.

$353,109
1,354
6,156
3,635
1,800

96
02
25
00

00

$366,055 23

Bank stock,
.
.
.
.
Railroad bonds,
Loans on i-eal estate,
Loans on personal security, .
Loans to counties, cities or
t o w n s ,...................................
Deposit in bank, on interest, .
Furniture and safe, .
Cash on hand, .
.
.
.

$34,006
22,713
127,425
84,375

25
75
00
00

92,509 75
4,263 77

200 00
561 71
$366,055 23

Cash on Deposit in Bank: —
Eliot National Bank, Boston,................................................................................$1,263 77
Whole amount of interest or profits received or earned,
.
.
.
.
$17,137 58
Rate and amount of each semi-annual dividend for pi-evious i 2 per cent., f
6,312 98
y e a r , ........................................................................................ j 2^ per cent., 1
7,315 43
Times for the dividends, fixed by the by-laws: April and October.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 5.
Date of last extra dividend: 1877.
The total amount of loans, with each specified rate of interest: $73,300,
4 per cent.; $32,000, 4^ per cent.; $105,300, 5 per cent.; $11,600, 5£ per
cent.; $82,075, 6 per cent.; $12,825, 7 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,...................................................................................................... 59
Aggregate amount of the same,
.
.
.
.
.
.
.
.
.
72,250 00
Number of open a c c o u n t s ,..............................................................1,389
Number and amount of deposits (including dividends) received for pre­
vious year................................ ........ .....................................................
1,780
93,252 73
Number and amount of deposits of and exceeding $300 at any one time,
for the pi-evious yeai-, ................................................................................ 53
26,410 00
Number and amount of w ithd raw als,..................................................... 809
69,280 01
Number of accounts opened the previous y e a r , ....................................... 203
Number of accounts closed the previous year,
.
.
.
.
.
88
Amount of expenses of the corpoi-ation during previous year, .
.
.
1,259 70
Amount of treasurer’s b o n d ,................................................................................
5,000 00
Date of examination by commissioner : April 20.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

400

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

B a n k St o c k .

Par Value.

/
Faneuil Hall Nat’l Bank, Boston, .
State Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,
Hamilton Nat’l Bank, Boston,.
Metropolitan Nat’l Bank, Boston, .
Eliot Nat’l Bank, Boston,
Atlas Nat’l Bank. Boston,
Globe Nat’l Bank, Boston,
Atlantic Nat'l Bank, Boston, .
Union Nat’l Bank, Boston,
Howard Nat’l Bank, Boston, .
Nat’l Bank of Commerce, Boston, .
Nat’l Eagle Bank. Boston,
First Nat’l Bank. Woburn,
Nat’l Bank of Redemption, Boston,
Nat’l Bank of the Republic, Boston,
Nat’l Exchange Bank, Boston,

$2,500
1,100
500
400
3,000
• 3,000
2.200
3,000
1,000
2,000
500
1,700
1,300
2,000
1,000
1,000
1,500
$27,700

Estimated
Market Value.

$3,406
1,287
525
500
3,390
3,817
2,645
2,850
1,335
2,760
588
2,159
1,404
2,400
1,250
1,385
1,920

25
00
00
00
00
50
50
00
00
00
12
00
00
00
00
00
00

$33,622 37

Amount Invested.

$3,285
1,361
570
496
3,100
3,240
2,583
3,330
1,501
2,876
618
2,076
1,472
3,000
1,282
1,290
1,923

00
25
00
00
00
00
00
00
25
25
75
25
25
00
50
00
75

$34,006 25

R a il r o a d B o n d s .

Old Colonv R.R.,
.
.
Fitchburg R .R ,
Boston & Albany R.R., .
Boston & Lowell R R.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

.

.

$4,000
10,000
2,000
5,000
$21,000

$4,875
10,920
2,450
5,350

00'
00
00
00

$23,595 00

$4,800
10,632
2,162
5,118

00
50
50
75

$22,713 75

1 8 8 7 .]

P U B L IC

D O C U M E N T — N o. 8.

401

W OBURN F IVE CENTS SAYINGS BANK — W OBURN.
Incorporated April 11, 1854.

Number of corporators, 11.
E. E. T h o m p s o n , Treasurer.

J o h n C u m m i n g s , President.
St at e m e n t.

A ssets .

L ia b ilit ie s .

Deposits,
Earnings undivided, .
Guaranty fund, .

$821,548 04
16,214 53
10,038 00

Public funds, .
.
.
.
Bank stock,
.
.
.
.
Railroad bonds,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security, .
Loans to counties, cities or
towns........................................
Deposit in banks, on interest, .
Cash on hand, .
.
.
.

$847,800 57

Amount of real estate held by foreclosure, .
Assessed value of the same, .
.
.
.
Amount of income received from the same, .
Amount of municipal tax on real estate, ♦ .

$ 20,000
210,830
39,500
4,545
444,392
76,718

00
00
00
30
00
00

27,837 84
22,144 09
1,833 34
$847,800 57

$4,545
4,640
423
78

30
00
91
03

Cash on Deposit in Banks, amount in each: —
First National Bank, Woburn,
Shawmut National Bank, Boston, .

$10,938 50
11,205 59

$38,447 40
Whole amount of interest or profits received or earned,
.
.
.
.
13,470 19
Rate and amount of each semi-annual dividend for previous j 2 per cent., i
14,373 78
y e a r , ................................................................................¡ 2 per cent., {
Times for the dividends, fixed by the by-laws : January and July.
Average annual per cent, of dividends for the term ending at time of, and
including, last extra dividend: 4J.
Date of the last extra dividend : January 1, 1886.
The total amount of loans, with each specified rate of interest: $120,837.84,
4£ percent.; $260,093, 5 per cent.; $32,350, 5£ per cent.; $131,517, 6 per
cent.; $2,950, 7 per cent.; $1,200, 8 per cent.
Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,.................................................................................................... 251
Aggregate amount of the s a m e , .......................................................................
221,297 00
Number of open a c c o u n t s ,....................................................................... 3,565
Number and amount of deposits (including dividends) received for pre­
280,309 31
vious y e a r , ................................................................................................. 5,098
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year....................................................................................... 157
96,337 46
162,621 62
Number and amount of w ith d raw als,..................................................... 2,157
Number of accounts opened the previous y e a r , ....................................... 791
Number of accounts closed the previous y e a r , ....................................... 363
2,486 29
Amount of expenses of the corporation during previous year,
20,000 00
Amount of treasurer’s b o n d ,................................................................................
Date of examination by commissioner: April 28.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

402

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan

P u b l ic F u n d s .

Par Value.

Town of Pawtucket, R. I., 6 s,.
City of Grand Rapids, Mich., 5s,

.

Estimated
Market Value.

Amount Invested.

$9,000
10,000

$10,575 00
11,500 00

$9,000 00
11,000 00

$19,000

$22,075 00

$20,000 00

B a n k St o c k .

Atlas Nat’l Bank, Boston,
Atlantic Nat’l Bank, Boston, .
Blackstone Nat’l Bank, Boston,
Boston Nat’l Bank, Boston,
Continental Nat’l Bank, Boston,
Commerce Nat’l B’k, Boston, .
Eliot Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston, .
Freeman’s Nat’l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Howard Nat’l Bank, Boston, .
New England Nat’l Bank, Boston, .
Old Boston Nat’l Bank, Boston,
Revere Nat’l Bank, Boston,
Republic Nat’l Bank, Boston, .
Shawmut Nat’l Bank, Boston,.
Shoe & Leather Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
State Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Third Nat’l Bank, Boston,
Webster Nat’ l Bank, Boston, .
First Nat’l Bank, Woburn,

$13,000
2,500
11,200
2,000
6,700
7,700
4,500
5,500
5,000
13,500
3,500
11.500
1,000
14,500
4,600
15,eoo
17,000
2,000
3,900
3,000
10,000
4,500
5,000
13,800
$182,200

$15,633
3,337
12,544
2,425
7,906
9,779
5,726
7,494
5,012
16,098
4,051
16,646
1,200
17,980
6,340
18,841
17,127
3,080
4,319
3,510
10,762
4,500
5,125
17,526

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$216,961 00

$15,600
3,215
11,760
2,200
7,200
9,240
5,265
7,000
5,000
15,525
3,920
16,215
1,200
17,400
5,980
18,170
17,000
3,000
4,290
3,750
11,150
4,500
5,000
17,250

00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00

$210,880 00

R a il r o a d B o n d s .

Boston & Albany R.R. 7s,
Boston & Lowell RR. 6s,
Boston & Lowell R.R. 7s,
Conn. & Passumpsic Rivers R.R. 7s,
Maine Central R.R. 7s, .


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$3,000
1,000
10,000
12,000
9,000
$35,000

$3.495
1,170
12,200
14,100
11,535

00
00
00
00
00

$42,500 00

$3,000
1,000
11,500
13,200
10,800

00
00
00
00
00

$39,500 00

1 8 8 7 .]

P U B L IC

403

D O C U M E N T — N o. 8

WORCESTER COUNTY INSTITUTION FOR SAVINGS — WORCESTER.
Incorporated 1828.

Number of corporators, 173.
C h a e l e s A. C h a s e , Treasurer.

S t e p h e n S a l i s b u k y , President.
St at e m e n t.

A ssets .

L iab ilit ies .

Deposits,
Earnings undivided, .
Guaranty fund, .
Profit and loss, .

$9,847,065 02
223,803 75

280,000 00
26 21

$2,589,300
793,400
48,200
1,581,000
125,000

Public funds, .
.
.
.
Bank stock,
.
.
.
.
Loans on bank stock,
Railroad bonds,
Railroad notes,
Real estate by foreclosure,
Loans on real estate,
Loans on personal security,
Loans to counties, cities or
t o w n s ,...................................
Deposit in banks, on interest, .
Expense account,
Suspense account, .
Cash on hand..............................

00
00
00
00
00

20,200 00
2,945,480 00
1,416,150 00
535,800
290,467
2,496
182
3,217

00
89
65
49
95

$10,350,894 98

$10,350,894 98

Loans on Bank Stock, amount on each : —
$200 00
39,000 00
*9,000 00

On 15 shares Second National Bank, Norwich, Conn.,.
On 390 shares First National Bank, Worcester, .
On 90 shares Franklin County National Bank, Greenfield, .
Amount of real estate held by foreclosure, .
Assessed value of the s a m e ,...................................
Amount of income received from the same, .
Amount of municipal tax on real estate,

$

20,200 00

20,700 00
538 00
358 20

Ca,sh on Deposit in Banks, amount in each : —
Citizens’ National Bank, Worcester,
City National Bank, Worcester,
.
.
.
First National Bank, Worcester, .
.
.
Mechanics’ National Bank, Worcester, .
Quinsigamond National Bank, Worcester,
Worcester National Bank, Worcester, .
National Bank of the Commonwealth, Boston,
Millbury National Bank, Millbury,
Wachusett National Bank, Fitchburg, .

.
.

$35,000
20.000
59.000
45.000

00
CO
00
00

20.000 00

56,467 89
10,000 00
20,000 00

25,000 00

$478,457 79
Whole amount of interest or profits received or earned,
.
.
.
.
Rate and amount of each semi-annual dividend for previous ) 2 per cent., f 179,639 24
y e a r , ........................................................................................i 2 per cent., 1 184,987 91
Times for the dividends, fixed by the by-laws: January 15 and July 15.
The total amount of loans, with each specified rate of interest: $25,000, 3$
per cent.; $595,000, 3£ per cent.; $50,000, 3§ per cent.; $222,300, 3| per
cent.; $622,500, 4 per cent ; $34,000, 4| per cent.; $631,400,4J per cent.;
$2,000, 4| per cent.; $2,828,430, 5 per cent.; $60,000, 6 per cent.
* This bank has been notified that this loan exceeds the legal limit.


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

404

B A N K C O M M IS S IO N E R S ’ R E P O R T .

[Jan.

Number of outstanding loans which are of an amount not exceeding
$3,000 e a c h ,.....................................................................................................921
Aggregate amount of the s a m e , .......................................................................$110,520 00
Number of open a c c o u n t s ,..................................................................... 21,969
Number and amount of deposits (including dividends) received for pre­
17,166
1,709,12598
vious y e a r , ........................................................................................
Number and amount of deposits of and exceeding $300 at any one time,
for the previous year, .
.
............................................
1,033
626,620 00
Number and amount of withdrawals,
....................................
12.357 1,181,865 12
Number of accounts opened the previous year,
.
.
.
.
3,125
Number of accounts closed the previous year,
.
.
.
.
2,163
Amount of expenses of the corporation during previous year,
,
15,823 34
Amount of treasurer’s b o n d ,............................................
,
#
30,000 00
Date of examination by commissioner: October 13.

P u b l ic F u n d s .

Par Value.

United States 4^s, .
.
United States 4s,
District of Columbia 6s, .

.

.

County, city and town bonds: —
County of Hillsborough, N. H.,
of Strafford, N. H., 4s,
City of Worcester 6s,
of Worce-ter 5s,
of Worcester 4s,
of Charlestown 6s, .
of Fitchburg 6s,
of Lawrence 6s,
of Lowell 6s, .
of Lynn 6s,
. . .
of Newton 6s, .
of New Bedford 6s,
of Salem 5s, .
.
.
.
of Concord, N. H., 6s,
of Dover, N. H., 6s, .
of Manchester, N. El., 4s,
of Manchester, N. H., 6s,
of Nashua, N. H., 6s,
of Providence, 14. I., 4|s,
of Providence. 14. L, 5s, .
of Meriden, Conn., 7s,
of New London, Conn., 7s,
of Norwich, Conn., 5s, .
of Columbus, Ohio, 6s, .
of Columbus, Ohio, 4s, .
of Cleveland, Ohio, 7s, .
of Cleveland, Ohio, 4^s, .
of Indianapolis, Ind., 7-30s, .
Town of Abington 4s,
of Brookline 7s,
of Northampton 6s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

Estimated
Market Value.

Amount Invested.

$50,000
553,800
60,000

$55,312 00
711,633 00
67,200 00

$50,000 00
553,800 00
60,000 00

3,000
42,000
83,500
91,000
80u,000
5,000
35,000
5,000
36,000
50,000
40,000
5,000
22,000
500
2,000
8,000
38,500
34,000
52,000
50,000
26,000
25,000
14,000
32,000
90,000
20,000
52,0: i0
8,000
60,000
20,000
13,000

3,095 00
42,445 00
89,345 00
98,800 00
857,000 00
5,350 00
39,'00 00
5,400 00
39,300 00
60,000 00
53,300 00
6,350 00
26,400 0"
580 00
2,260 00
8,400 00
47,500 00
38,250 00
57,200 00
60,000 00
34,320 00
36,000 oo16,800 oo
36,800 (0
96,750 oo
23,800 00
53,040 00
9.600 00
65.900 00
26,250 00
14,300 00

3,000 00
42,000 00
83,500 00
91,000 00
800,000 00
5,000 00
35,000 00
5,000 00
36,000 00
50,000 00
40,000 00
5,000 00
22,000 00
500 00
2,000 00
8,000 00
38,500 00
34,000 00
52,000 00
50,000 00
26,000 00
25,000 00
14,000 00
32,000 00
90,000 00
20,000 00
52*000 00
8,000 00
60,000 00
20,000 00
13,000 00

1 8 6 7 .]

P U B L IC

D O C U M E N T — N o. 8

405

P u b lic F u n d s — Concluded.

Par Value.

Town of
of
of
of

Spencer 4s, •
Westborough 5s,
Beverly 4s,
Pawtucket, R. I., 5s, .

$ 10,000
20,000
100,000
3,000

Estimated
Market Value.

$12,450
24,000
108,000
3,390

Amount Invested.

$10,000
20,000
100,000
3,000

00
00
00
00

o
o
o

o
CO

o*r

$2,589,300 $2,965,520 00

00
00
00
00

B a n k St o c k .

Atlantic Nat’l Bank, Boston, .
Atlas Nat’l Bank, Boston,
Blackstone Nat’l Bank, Boston,
Boylston Nat'l Bank, Boston, .
Columbian Nat'l Bank, Boston,
Continental Nat’l Bank, Boston,
Eliot Nat’l Bank, Boston,
Faneuil Hall Nat’l Bank, Boston,
First Nat’l Bank, Boston,
Freeman’s Nat’l Bank, Boston,
Globe Nat’l Bank, Boston,
Hamilton Nat’l Bank, Boston,.
Howard Nat’ l Bank, Boston, .
Market Nat’l Bank, Boston,
Massachusetts Nat’l Bank, Boston,
Merchants’ Nat’l Bank, Boston,
Commerce Nat’l Bank, Boston,
Nat’l Bank of No. America, Boston,
Nat’l Bank of Redemption, Boston,
Nat’l Bank ot the Republic, Boston,
City Nat’l Bank, Boston, .
Eagle Nat’l Bank, Boston,
Exchange Nat’ l Bank, Boston,
Hide and Leather Nat’l B’k, Boston,
Revere Nat’l Bank, Boston,
Union Nat’l Bank, Boston,
Webster Nat’l Bank, Boston, .
New England Nat’l Bank, Boston, .
North Nat'l Bank, Boston,
Old Boston Nat’l Bank, Boston,
Second Nat’l Bank, Boston,
Shawmut Nat’l Bank, Boston..
Shoe and Leather Nat’l B’k, Boston,
State Nat’l Bank, Boston,
Suffolk Nat’l Bank, Boston,
Tremont Nat’l Bank, Boston, .
Washington Nat’l Bank, Boston,
Blackstone Nat’l Bank, Uxbridge, .
Fitchburg Nat’ l Bank, Fitchburg, .
Grafton Nat’l Bank, Grafton, .
Leicester Nat’l Bank, Leicester,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$5,400
37,500
13,800
1,400
5,400
12,000
9,000
2,000
25,000
17,200
3,100
18,000
15,000
7,400
11,000
12,500
21,700
7,800
9,300
21,000
20,*00
11,000
4,900
30,800
37,500
7,100
30,000
19,900
4,700
4,20u
35,200
17,300
13,400
11,300
3,400
15,600
19,000
1,000
5,100
4,500
5,500

$7,200 00
45,000 00
15,594 00
1,860 00
6,750 00
14,160 00
11,430 00
2,720 00
53,000 00
17,450 00
2,945 00
22,500 00
17,643 00
6,752 00
10,450 00
17,125 00
27,559 00
8,268 00
11,625 00
28,980 00
21,008 00
11,880 00
62,720 00
36,344 00
46,500 00
9,798 00
30,900 00
28,556 00
6,238 00
5,040 00
54,208 00
20,587 00
13,634 00
13,221 00
37,400 00
18,725 00
23,750 00
1,250 00
6,885 00
4,950 00
6,490 00

$5,400 00
37,500 00
13,800 00
1,400 00
5,400 00
12,000 00
9,000 00
2,000 00
25,000 00
17,200 00
3,100 00
18,000 00
15,000 00
7.400 00
11,000 00
12,500 00
21,700 00
7,800 00
9,300 00
21,000 00
20,800 00
11,000 00
4,900 to
80,800 CO
37,500 (0
7,100 CO
30,000 00
19,900 00
4,700 00
4,200 00
35,200 00
17,300 00
13,400 00
11,300 00
3,400 00
15 600 CO
19,000 00
1,C00 CO
5,100 00
4,500 00
5,500 00

B A N K C O M M IS S IO N E R S ’ R E P O R T .

406

[Jan.

B ank Stock — Concluded.

Par Value.

Millbury Nat1] Bank, Millbury,
Oxford Nat’l Bank, Oxford,
Southbridge Nat’ l B’k, Southbridge,
Third Nat’l Bank, Springfield,
Ware Nat’l Bank, Ware, .
Central Nat’l Bank, Worcester,
Citizens’ Nat’l Bank, Worcester,
City Nat’l Hank, Worcester, .
Mechanics’ Nat’l Bank, Worcester,
Quinsigamond Nat’l B’k, Worcester,
Worcester Nat’l Bank, Worcester, .

$ 1,0,800
4,>-00
3,<'00
20,000
800
28,100
24,800
29,500
13.300
20,600
80,000

Estimated
Market Value.

$13,500
5,760
3,810
37,000
1,000
40,745
29,760
39,235
17,024
23.896
108,000

00
00
00
00
00
00
00
00
00
00
00

$793,400 $1,108,825 00

Amount Invested.

$10,800
4,800
3.000
20,000
800
28,100
24,800
29,500
13,300
20,600
80,000

00
00
00
00
00
00
00
00
00
00
00

$793,400 00

\

Railroad B onds.
Boston & Albany R R. 7s,
Boston & Albany R.R. 6s,
Boston, Barre & Gardner R.R. 5s,
Boston & Lowell R.R. 5s,
Boston & Lowell R.R. 6s,
Boston & Lowell R.R. 7s,
Boston & Lowell R.R. 4^s,
Boston & Lowell R.R. 4s,
Boston & Maine R.R. 7s,
Boston & Maine R.R. 4s,.
Fitchburg R.R. 5s, .
Fitchburg R.R. 6s, .
Fitchburg R.R. 7s, .
Fitchburg R.R. 4s, .
Leeds & Farmington R.R. 6s, .
Old Colony R.R. 7s,
Old Colony R R. 6s,
Old Colony R.R. 4s,
Providence & Worcester R.R. 6s,
Salem & Lowell R.R. 6s, .
Worcester & Nashua R.R. 5s, .
Vermont & Massachusetts R.R. 5s,


https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis

$57,000
253,000
12,000
24,000
6,000
30,000
30,000
50.000
43,000
100,000
62,000
18,000
30,000
50,000
28,000
158,000
19,000
50,600
176,000
25,000
2