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lie
Document
No. 8
W$t Commontoealtft
of jftlassacfju^cttg
ANNUAL REPORT
OF THE
Commissioner of Banks
FOR THE
Year ending October
PART
I
31, 1924
-33L
RELATING TO
SAVINGS BANKS AND INSTITUTIONS
FOR SAVINGS
IJlAAs,
»
Department of Banking and Insurance
3
Publication of this Document approved by the Commission on Administration and Finance
arije
Commontoealtf) of jfflagaacfjugetts
Office of the Commissioner of Banks,
State House, Boston, January 21, 1925.
To the Honorable Senate and House of Representatives of the
Commonwealth of Massachusetts in General Court assembled:
The abstract of the annual report of the Commissioner of Banks, required
by General Laws, chapter 167, section 9, is respectfully submitted herewith.
The complete report covering the work of this department and containing
statements of the institutions under its supervision and other statistical information
will
be submitted as heretofore at a later date.
Consolidated Statement of All Institutions under Supervision of the
Commissioner of Banks; October 31, 192Jf. x
Increase for Year
196 Savings banks
95 Trust companies:
....
....
95 Commercial departments
76 Savings departments
49 Trust departments
217 Co-operative banks
3 Savings and loan associations
Massachusetts Hospital Life Insurance Company
1 Foreign banking corporation, branch office
89 Credit unions
.
.
.
.
41 Persons, partnerships or corporations receiving
deposits for safe-keeping or transmission
1 State bank
643
157 National banks
$1,667,602,234 65
641,406,442
160,141,155
375,950,705
311,962,791
3,189,969
32,183,806
2,383,222
7,460,810
21
99
70
49
45
72
12
25
2,687,581 43^
906,857 44
§3,205,875,577 45
1,294,213,000 003
Percentage of
Increase
$97,613,420 82
6.22
40
75
9.80
57,271,504
17,627,452
35,948,883
47,207,159
251,306
602,312
743,848
1,163,568
48
77
12.37
10.57
17.83
8 55
1.91
45.37
18.48
137,547 40
90,605 09
5.39
11.10
$258,657,609 78
71,846,000 00
8.82
54
64
38
51
.
1 Figures of trust companies arc! nation-.' banks as of October 10. 192-*'; co-operative banks as of the
close of their October business.
^ Assets of those receiving deposits tor safe-keeping are shown herewith in so far as they are within the
provisions of General Laws, chapter 169.
3 Does not include trust department assets the f.gu.es for which are not returned to the Comptroller of
the Currency.
Savings Banks
Savings Bank assets show an increase of 6 per cent during the year. The
decrease from 9 per cent reported during 1923 was due undoubtedly to employment conditions. Dividends distributed during the year to the 2,785,000
depositors totalled $65,000,000, while at the same time the banks increased
their surplus $7,865,000, as further protection against losses. Regarding the
transmission of funds abroad, reports show that for the first full year of this
additional service to the public $636,408.77 was received for this purpose by
Through the school
forty-six savings banks representing 4,837 transactions.
savings systems the savings banks are undoubtedly building for themselves
through the teaching of thrift a future which will be of lasting benefit to our
commonwealth. Figures for the year show an increasing interest in this
feature.
Trust Companies
It is particularly gratifying to report a substantial increase in the assets
As
of all departments of trust companies, $110,847,840, or 10 per cent.
commented upon in our last annual report, there were two ways in which it
'art
I.
tfXlf
!li
.
that trust companies were handicapped in their competition with
banks: taxation and the segregation of savings deposits. The taxation of :rust companies was put on an equal plane with that of national
banks during 1924 and is having further consideration by a special committee appointed by the Governor; in regard to the segregation of savings
deposits, I can only repeat that I believe the wisdom of such a course will be
more apparent as time goes on.
During the year the plan of having that portion of this department which
is engaged in the supervision of trust companies become self-supporting was
put into effect and the cost of maintaining this department this year will be
decreased by approximately $60,000.
The results of the investigation regarding the rule promulgated by the
Boston Clearing House, whereby a service charge is made on small checking
accounts in trust companies and national banks, will be found in a special
report to the General Court.
1
Co-operative Banks
Co-operative banks have maintained and surpassed the rate of increase in
There are now 217*
assets which has been shown for several years previous.
of these banks with total assets of approximately $312,000,000, an increase of
approximately 18 per cent for the year. Each succeeding year has shown a
larger increase than the preceding one, which fact reflects the constantly
growing popularity of these banks and their record of stability and service
which make them an essential part of the banking system of our commonwealth.
The demand for mortgage funds
This fact is
of the funds available.
$8,000 placed on each loan.
throughout the state continues in excess
doubly interesting in view of the limit of
Credit Unions
commonwealth has not increased during 1924. Although three new ones commenced business, these were offset
by four ceasing business and liquidating their affairs. Aggregate assets, however, have shown an excellent growth, the increase amounting to approximately $1,163,000 or 18/^ per cent. In my opinion, there is a need for institutions of this character, organized as they are for the mutual interest of
their members whose needs cannot be served by the larger financial institutions.
The legislature at its last session provided for a committee to study
the laws regulating credit unions and it is hoped that the recommendations
of this committee, if adopted, will solve many problems now surrounding
their operation and supervision.
The number
of credit unions in the
Private Bankers
With
reference to those persons licensed by this department to engage in
the business of receiving deposits of money for safekeeping or for the purpose
of transmitting the same to foreign countries, I am glad to report that by reason of favorable action on the referendum at the state election in November,
Under this law larger
1924, chapter 473 of the acts of 1923 is now operative.
bonds for the protection of those of our citizens who deposit money with them
for safekeeping or transmission abroad are now being required.
Legislation Recommended
The
provision in the present statute whereby officers of savings banks are
required to furnish a new fidelity bond at least once in five years is undoubtedly a survival of the days when personal sureties were acceptable on such
bonds. It is a requirement which at the present time not only appears unnecessary but the added expense caused by this provision seems unwarranted, as any advantage which might be gained by it is uncertain. Only such
,
P.D. 8, Part I.
surety companies as are eligible to do business in this commonwealth are
accepted as surety on such bonds, and the protection afforded by a continuous
bond will, in the opinion of this department, meet the requirements of the
Therefore, it is recommended that this provision of the statutes
situation.
be eliminated.
The rapid growth of co-operative banks renders it desirable for certain of
the larger ones to obtain the coverage afforded by the bankers' blanket bond.
This form of bond is now used by a great many savings banks and trust comThis recommendation that the benefits of such bonds be made availpanies.
able to co-operative banks, while granting the additional privilege obtained
by the protection afforded by them, does not in any way lower the standard
of protection now required and will make no change in cases where this form
iv
of
bond
is
not desired.
The present law which
requires that unclaimed funds of banks in the
possession of the commissioner shall be deposited in his name and held
indefinitely, should be amended to provide that after such funds have been
held by him for twelve months after the payment of the final dividend, they
shall be paid to the treasurer and receiver-general to be held in trust for the
persons entitled to receive them.
Bills covering the above recommendations have been filed for consideration.
I take pleasure in presenting herewith certain statistics concerning the
various institutions under the supervision of this department which indicate
their healthy condition; also, information showing the progress made in the
liquidation of those institutions in the possession of the commissioner.
Respectfully submitted,
JOSEPH
C.
ALLEN,
Commissioner of Banks.
P.D.
8,
Part
I.
SAVINGS BANKS
Branch
Offices authorized
Bank
Branch Location
Fitchburg Savings Bank
Lynn Five Cents Savings Bank
Medford Savings Bank
New
....
Bedford Institution for Savings
Cape Cod Five Cents Savings Bank
.
Fairmount
Town
.
"Cleghorn"
Street,
Humphrey Street
near
district
Monument
Square, Swampscott
442 Salem Street, Medford
1601 Acushnet Avenue, New Bedford; 8 West French
Avenue, New Bedford
of Orleans
to maintain Depots for the Collection of Deposits in MercanEstablishments and Industrial Plants for the Benefit of Employees
Banks authorized
tile
County Savings Bank, Chelsea.
Home
Lynn
Savings Bank, Boston.
Institution for Savings, Lynn.
Worcester Mechanics Savings Bank, Worcester.
Legislation enacted 192 J+
Chap. 67 (amending G. L., chap. 168, sec. 31) Increasing the maximum
amount of deposits which may be received by savings banks.
Chap. 68 (amending G. L., chap. 168, sec. 54, cl. ninth, subdiv. (e) par. (3)
Permitting loans secured by pass books to be made for the full amount of
the deposits shown therein.
L., chap. 167, sec. 17) Clarifying former act relative
to payment of dividends.
Chap. 255 (amending G.
Dividends in Liquidation held by the Commissioner remaining unpaid
Lafayette Savings Bank, in liquidation
$86 76
STATEMENTS RELATING TO SAVINGS BANKS
INDEX
Statement
Number
1.
2
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
page
Aggregate statement
Income account
Comparative condition
Loans and investments
vi
vii
of all
banks
.-
Dividends
Comparative statement
viii
jx
x
of transactions
Operating expenses
Surplus
Investments producing no income
Real estate by foreclosure
Statistics relative to School Savings Deposits
Statistics covering from 1834 to 1924 inclusive
xi
xii
xii
xiii
xiii
xiv
xvi
—
P.D.
STATEMENT
Aggregate Statement, October
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company bonds
Federal Land Bank bonds
Bank and trust company stocks
....
Securities acquired for debts
Loans on real estate (less
$4,816,032.14 due thereon)
Loans on personal security*
Bank building (est. val., $19,990,622.54)
Furniture and fixtures
Real estate by foreclosure, etc.
(assessed value, 8295,817.50).
Taxes, insurance, etc., paid on
mortgaged properties
.
....
No.
8,
Part
I.
1
31, 1924, 196
Savings Banks
Liabilities
$307,236,847
215,706,678
34,307,316
9,274,126
23,053,312
65
36
Deposits,
84
Christmas and other club de-
35
OS
29
50
29
06
851, 770,390 88
147,791,842 47
$1,520,104,964 55
7,214,982 08
posits
Surplus:
a.
15,674,219
489,462
16,046,633
544,707
(2,785,572 accounts,
average, 9546.71)
Guaranty fund
|
j
of deposits)
b. Profit and loss
Interest, rents, etc., less current
72,489,967 40
50,645,251 98
expenses and taxes
Discount unearned
Reserved for dividends
Other liabilities
14,693,367 <!>
1,259,341 51
1,106,831 61
....
87,85
13,437,945 28
204,384 04
.
Other assets
Due from banks and
companies
Cash and cash items
....
Total Assets
1
204,878 36
30,993 71
39,684 38
trust
.
28,879,892 19
2,902,919 02
$1,667,602,234 65
Total Liabilities
Classification of loans on personal security:
Three or more individuals
Corporations with sureties or endorsers
Mass. gas, electric light, telephone and street railway corporations
Railroad corporations
Secured by pledge of:
1. First mortgages of real estate
2. Bonds and notes legal for investment
3. Deposit books of savings and co-operative banks
4. Railroad stock
5. Other bonds, notes and shares of corporations or associations
6. Life insurance policies
$1,667,602,234 65
,403,294 76
,564,665 91
,134,036 70
880,005 00
,788,347
,616,027
,120,416
196,700
,061,042
27,305
83
38
96
00
93
00
$147,791,842 47
P.D.
8,
Part
I.
vii
-
STATEMENT
No. 2
Income Account of All Savings Banks for Year ending October
31,
1924
Gross amount of interest received
Real estate for banking purposes
Safe deposit boxes
Other incomes
$85,436,219
136,265
20,778
22,516
15
05
98
91
Total ordinary income
$85,615,780 09
Less:
Expenses paid
State tax paid
Interest paid or rebated
Real estate by foreclosure
Transfer to guaranty fund
Ordinary dividends declared
Christmas and other club dividends declared
.
.
.
.
$5,722,139 26
1,845,189 44
744,503 87
932 54
4,481,884 22
64,885,446 34
54,010 49
Total ordinary charges
Excess of income over charges
Profits on securities sold and matured
Other profits
$77,734,106 16
....
$7,881,673 93
$1,763,142 15
227,306 45
Total
$1,990,448 60
Extra dividends declared
Depreciation of securities charged off
Premiums charged off
Banking houses written down
Losses on real estate and personal loans
Other
....
losses
Total
$38,547
2,666,288
1,173,438
385,178
84,810
204,066
00
17
06
01
46
45
$4,552,328 15
Net deduction from ordinary income
Net profit for the year
Net undivided profits Oct.
Net undivided profits Oct.
reserved for dividends)
31, 1923 (profit
31, 1924 (profit
2,561,879 55
and
and
loss
loss,
and net current income)
net current income and
.
.
.
$5,319,794 38
61,125,657 20
$66,445,451 58
P.D.
STATEMENT
8,
Part
I,
No. 3
Comparative Condition of All Savings Banks
Percentage of Investments to Total
Assets on October 31
—
ASSETS
October 31,
1924
October 31,
1923
1924
1923
1918
1913
1908
$314,517,777 80
206,999,284 88
32,120,891 29
8,916,641 34
22,037,724 77
18.42
12.93
2.06
20.03
13.18
2.05
13.94
17.51
2.95
10.04
16.47
2.85
.56
.57
.75
.87
10.23
18.40
2.05
1.27
1.38
1.40
1.27
1.26
.41
49
59
.94
.96
.87
23
50
-
-
.01
_
1.50
-
.03
.03
-
_
1.28
-
Securities
Public funds, bonds and
notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
.
.
Telephone Company bonds
Gas, electric and water company bonds
Bank
....
stocks
Bankers' acceptances
Federal Land Bank bonds
Securities acquired in settlement of indebtedness
15,674,219 29
16,046,633 29
13,604,574
15,697,987
74,358
419,337
-
.
.
65
36
84
35
98
$307,236,847
215,706,678
34,307,316
9,274,126
23,053,312
489,462 50
1.00
_
1.06
-
544,707 06
567,817 87
.03
.04
.06
.16
.08
851,770,390 88
147,791,842 47
761,130,195 34
156,122,260 41
51.08
8.86
48.48
9.95
46.79
12.19
47.70
16.26
42.36
19.71
13,437,945 28
204.878 36
12,636,098 79
299,542 14
.81
.01
.80
.02
.79
.33
.80
.19
.99
.48
7,366 50
81,838 54
93,414 60
.02
.01
.03
.03
.05
1.91
1.57
2.32
2.09
2.47
100
100
100
100
100
Loans
On
On
real estate
personal security
.
Real Estate
For banking purposes
By
.
foreclosure, etc.
Miscellaneous
-
Premium account
Furniture and fixtures
Sundry
204.384 04
76.678 09
assets
Cash
In banks, on interest
In banks, not on interest
28,848,051
31,840
2,100,987
801,931
.
Currency and specie
Checks and cash items
.
21,793,374
80,760
2,166,800
620,766
51
68
64
38
$1,667,602,234 65
Amount
....
....
Deposits
Christmas and other club
deposits
Guaranty fund
Profit and loss
.
.
Current income, less expenses and taxes paid
.
Unearned discount
Reserved for dividends
Bills
liabilities
67
41
1
\
J
Increase for Year
October 31, 1923
Per
Cent
of Deposits
Per
Amount
Cent
of Deposits
Per
Amount
Cent
$1,520,104,964 55
$1,433,756,309 21
$86,348,655 34
6 02
7,214,982 68
72,489,967 40
50,645,251 98
4.75
3.31
5,548,037 12
68,008,083 18
47,622,854 28
4.72
3.31
1,666,945 56
4,481,884 22
3,022,397 70
30.04
6.59
6.35
14,693.367 99
1,259.341 51
1,106,831 61
.96
.08
.07
13,502,802 92
1,399,689 98
.94
.10
50,000 00
101,037 14
payable
Sundry
31
$1,569,988,813 83
October 31, 1924
LIABILITIES
36
87.526 93
$1,667,602,234 65
-
$1,569,988,813 83
.01
-
1,190,565
140,348
1,106,831
50,000
13,510
07
47*
61
00*
21*
$97,613,420 82
8.82
10.03*
100.00
100.00*
13.37*
f.,22
IX
STATEMENT
Xo. 4
Total Loans and Investments of Savings Banks on October
1924, at Each Specified Rate of Interest
31,
Loans on Per-
Rate (Per Cent)
Loans on Real
sonal .Security
Bonds,
Estate
and Bankers'
Stocks, etc.
Total Loans and
Investments
Acceptances
SI, 500
0.4
0.98
1.00
2.00
2.15
2.2.5
2.30
.
.
.
.
.
—
—
—
—
_
—
—
-
.
-
.
2..50
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
225,000 00
15,000 00
170,000 00
_
_
-
518,850 00
.
—
—
—
—
.
.
.
—
6
.
185,000 00
38,981,517 56
900 00
30,400 00
80,938,730 00
7.500 00
—
—
.
7.".
7.00
8.00
9.00
10.00
10.50
10.006
11.00
11.50
12.00
12.50
13.00
14.00
15.00
.
.
.
.
.
.
.
.
.
.
.
.
00
07
00
00
20
181,070,130 97
4,084,225 00
580,200,870.93
18,324,408 43
00
81
49,929 74
019,279 03
00
95
41,82.5 00
231,984 82
8,950 43
10,005,700 00
_
.
—
840,000
30,739,503
203,500
14,720,512
399,177
—
.
—
—
410,000 00
.
.
90
00
00
29
1,000 00
228,007,254
71,000
588,000
72,354,092
00
00
-
|
5.50
5.75
5. S75
0.00
0.125
0.25
0.50
4
00
00
00
00
00
44,151,381 22
—
.
4
29.799,787 00
6,000 00
3,000 00
-
.
.
00
00
00
00
00
67
00
00
00
00
00
32
00
18
52
.
.
3,51
113,000
25,000
2,780
33,000
17,100
38,103,806
64,000
8,500
110,200
41,105
18,900
24,533
139,050
135,902,206
133,000
52,000
85,180
50,000
25,000
190,0'
6,690,200 00
170,000 00
19,391,739 59
360,000
50,000
8,000,730
596,190
01,000
550,000
20,000
2,008,000
1
-
-
.
-
240,000 00
-
65,000 00
.
'.•.',000
—
_
_
_
5,067
00
00
00
00
00
00
00
00
00
00
30,100
100,000
10,000
20,000
150,000
_
800,000 00
25,000 00
—
—
-
.
,254 40
355,050 00
94,840 00
—
—
—
_
—
—
—
-
944,150 00
-
.
11
—
-
.
.
4.75
4.80
4.85
4.875
4.90
5.00
5.10
5.125
5.25
5.375
120,887
—
-
.
2.40
4.(35
00
5,700 00
.
2.3.5
2.75
2.90
3.00
3.20
3.25
3.30
3.40
3.44
3.45
3.50
3.00
3.625
3.65
3.75
3.80
3.875
3.90
4.00
4.05
4.10
4.125
4.15
4.175
4.20
4.25
4.30
4.375
4.50
4.60
4.625
—
-
450,500
12,507,828
107,200
4,237,028
-
_
—
—
—
—
—
—
—
—
_
—
—
—
—
—
370,871 50
-
7,791,410
1,400,950
2,000
28,303,443
2,000
1,855,000
491,000
00
00
00
50
00
00
00
3,692,090
1,502,250
113,800
2,417,970
5,000
00
00
00
00
00
00
00
00
00
00
00
00
00
750
70,400
5,000
3,159,100
102,500
2,500
1,009,100
212,500
$388,641
355,050
94,840
5,700
36,100
100,000
40,000
20,000
150,000
95,000
61,000
550,000
20,000
2,808,000
3.500
138,000
25,000
2,780
33,600
17,100
38,328,800
79,000
8,500
110,200
211,105
18,900
24,533
139,050
141,913,682
133,000
152,000
325,180
50,000
25,000
190,000
235,362,454
71,000
758,000
92,264,081
81
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
00
07
00
00
00
00
00
32
00
33
00
00
00
00
00
00
90
00
00
88
1,000 00
360,000 00
50,000 00
38,460,523
002,190
3,090
595,900
30,400
104,071,028
7,500
840,000
47.122,074
1,106,000
203,588,052
5,884,352
2,000
632,954,722
2,000
2,355,429
13,618,108
107,200
8,161,103
1,553,025
113,800
2,417,970
5,000
18
52
00
00
00
78
00
00
57
00
97
20
00
86
00
74
44
00
77
43
00
00
00
750 00
76,400 00
5,000 00
3,159,100 00
102,500 00
2,500 00
1,009,100 00
212,500 00-
P.D.
— Concluded
Total Loans and Investments of Savings Banks on October
at Each Specified Rate of Interest — Concluded
STATEMENT
Kate (Per Cent)
Part
8,
I.
No. 4
Loans on Real
Loans on Personal Security
Bonds,
Estate
and Bankers'
Stocks, etc.
31, 1924,
Total Loans
and
Investments
Acceptances
16.00
18.00
3,028,300
116,400
336,600
3,300
2,000
15,000
1
-
20.00
21.00
24.00
28.00
Totals
....
00
00
00
00
00
00
00
00
00
00
00
00
3,028,300
116,400
336,600
3,300
2,000
15,000
$851,770,390 88
$147,791,842 47
$647,635,665 02
$1,647,197,898 37
5.83
5.07
4.56
5 26
Average rate
STATEMENT
.
No. 5
Dividends
Rates of dividends paid, including extra dividends, and average rates earned
(exclusive of club deposits) during the last twenty years:—
upon deposits
Number
RATE OF
DIVIDEND
(PER CENT
s
I
a
a
S
<><
e
c*
e^
e-
X
c
of
Bai ks paying at Each Rate
l>
vS
IT!
T(<
CS
(N
c-
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e-
9*
C^
&
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-
c^
00
t^
©>
e^
g
o
&•
i
-
.
m
]
-
j
z
2
-
-
-
1
2
1
1
_
_
_
1
-
-
l
-
_
-
2
1
-
2
_
-
-
9
-
8
A
-
6
7
11
30
-
-
1
-
!
1
4^
4%
4
8
4
2
13
139
133
124
114
126
1
1
!
34
.
5}4
13
49
_
_
-
1
A
12
33
]
"
13
59
23
22
6
10
11
37
13
92
10
74
82
-
13
18
25
14
5
2
2
ft
10
12
11
15
164
164
161
168
166
157
1
1
56
140
160
155
98
2
3
1
-
-
-
-
-
-
-
_
_
_
189
189
1
10
9
6
2|
1
1
-
3
-
L3
If
19
13
8
7
5
5
2
_
_
-
-
-
_
_
_
192
L89
189
5
-
7
3
1
-
_!
1
55
51
-
98
5
1
19
131
49
2
-
H
74
1
-
14
15
1
1
3
1
1
1
4
4l
-
-
_
-
o
1
1
-
.
3M
VA
5
3
1
.
3
-
1
1
J
2
1
-
-
1
1
4
3
3
_
-
194
192
_
2
1
-
_
1
!
Tola]
Average
.
196
196
196
196
196
196
196
196;
195
196
195
193
<li
vidend
4.5* 4.57 4.62 4.65 4.54 4.43 4.27 4.05 4.04 4.08 4.01 4.01 3.91 3.92 3.87 3 95 3 95 3 80 3 69 3.73
Average
earning 3
on deposit?
5.66 5 52 5.77 5 88 5.47 5 20 5 15 4 884 75 4 92 4 89 4 83 4 67 1.71 4.66 4.65 4.77 4 73 4 60 4 59
.
.
.
.
.
.
.
1
i
1
.
.
1
I
.
.
.
1
1
1
.
.
-
.
.
.
.
P.D.
Part
8,
xi
I.
STATEMENT
No. 6
Comparative Statement of Yearly Transactions of Savings Banks
Year ending October 31
STATISTICS OF
BUSINESS
1920
1923
1924
Accounts
Number opened during year
Number closed during year
Number open October 31
Average in each account
Deposits and Withdrawals
Total deposits October 31
Increase over previous year
Number of deposits during
.
.
j
year
Number
withdrawals dur-
of
310,370
253,773
2,645,047
283,910
288,747
2,588,450
$545 71
365,071
264,375
2,745,743
$522 17
$497 57
$478 00
351,669
290,418
2,593.287
$465 26
81,520,104,965
$86,348,656
$1,433,756,309
$117,662,062
$1,316,094,247
$78,823,0771
$1,237,271,170
830,724,172
$1,206,546,998
$92,233,306
4,972,169
5,128,013
4,446,222]
4,241,084
4,766,449
2,752,066
$69 43
8117 66
2,417,533
$69 15
$122 81
2,400,650
$64 52
$110 12
2,576,20l'
$63 02
$112 86
2.076,443
$66 62
$132 45
$345,230,134
8354,599,525
$286,876,646
$267,291,219
$317,522,586
S323.805.472
8296,898,190
$264,351,295
$290,757,851
$275,022,319
100,335
$156,104,755
159,174
99,052
$152,559,297
149,856
98,157
$148,867,532
141,527
96,594
$142,457,6661
133,600
94,420
$139,444,869
128.814
$5,351
$5,079
$4,780
$4,644
$4,491
28,375
$179,576,912
18,048
$8,189
28,244
$175,274,533
22,577
8122,124,025
16,085
$86,558,591
18,905
$103,365,935
$86,084,529
64,923,993
$79,214,023
59,960,727
$75,984,383
56,297,725
$72,773,433
54,190,804
$66,066,568
49.733.039
54,010
5.722,139
1,845,189
4,481,884
5,338.331
1.683.576
4,956,050
4.986.625
1,755,407
3,043,028
4,689,472
1,876,519
2,807,635
4.293,271
1,793.328
3,977,029
337,357
297,528
2,785,572
.
.
j
j
ing year
.
.
Average deposit
Average withdrawal
Amount
during
deposited
year
Amount withdrawn
during
year
Loans
Of S3.000 or less October 31
Amount of same
On real estate October
31
Average real estate loan Oct.
31
Number of new real estate
loans made during year
Amount
On
of
same
personal security
Average amount
of
same
....
....
....
Income, Dividends, etc.
Total income
Ordinary dividends
Christmas and other club in
terest
Expenses
State taxes
Credited to guaranty fund
Ratios
Dividends to income
Expenses to income
State taxes to income
Guaranty fund additions to
income
Other deductions to income
Dividends to total assets Oct.
.
.
...
31
i
-
Per Cent
Per Cent
75.28
6.50
2.71
6.74
2.12
Per Cent
74.09
6.56
2.31
Per Cent
74.46
6.44
2.58
5.21
10.52
6.26
9.18
4.00
13.03
3.86
12.65
6.02
9.49
3.89
3.82
3.91
4.00
377
.34
.34
.35
.35
.32
.11
.11
.12
.14
.14
.27
.31
.21
.21
.30
Per Cent
75.42
6.65
2.14
75.69
Expenses to total assets Oct.
31
State
taxes
to
total
assets
Oct 31
Guaranty fund additions
total assets
to
October 31
Miscellaneous
Amount received for transmission
Number of transactions
Number of banks operating
....
.
$636,409
4,837
46
-
P.D.
STATEMENT
No.
8,
Part
I.
7
Operating Expenses
Year ending October
CLASSIFICATION
Percentage of
Amount
Income
State tax (net)
Salaries
Rent
.
....
Advertising
Other expenses
.
Total
.
$1,845,189
3,541,965
538,578
321,836
1,319,758
44
49
39
42
96
$7,567,328 70
.
j
Year ending October
31, 1924
31,
Cost
for
Each
2.14
4.11
11.11
2.13
.63
.37
1.53
.32
.19
.79
8.78
$4.54
STATEMENT
Cost
Percentage of
Amount
$1,000 of
Assets
for
Each
$1,000 of
Assets
Income
$1,683,576
3,321,925
511,148
303,462
1,201,794
1923
86
63
2.12
4.19
$1.07
2.12
91
83
34
.64
.38
.33
.19
.76
$7,021,908 57
1.52
i
8.85
,
$4.47
No. 8
Surplus
Aggregate guaranty fund and profit and
on October 31, of the last eighteen years.
loss
account of the savings banks
Based on Securities at Book Values
Guaranty Fund
YEAR
Profit
and Loss A ccount
Per
Per
Amount
Cent
Amount
of
Cent
Deposits
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
$32,825,176
33,547,581
34,740,030
36,155,736
37,648,475
39,493,627
41,243,486
42,932,209
44,398,015
47,108,302
49,556,786
50,426,647
53,033,228
57,205,293
60,012,928
63,052,032
68,008,083
72,489,967
05
14
12
30
12
68
11
82
35
92
47
96
25
14
33
69
18
40
Total
4.64
4.73
4.68
4.69
4.69
4.71
4.74
4.77
4.78
4.72
4.85
4.88
4.76
4.74
4.85
4.78
4.72
4.75
Per
Amount
of
Cent
Deposits
$11,096,415
12,929,970
14,131,426
14,609,348
15,353,443
16,564,496
18,105,304
21,021,547
23,969,412
24,988,036
26,874,748
30,096,324
31,941,730
36,221,087
40,289,423
44,020,463
47,622,854
50,645,251
|
j
30
80
80
21
23
36
63
30
47
58
69
46
05
33
26
02
28
98
of
Deposits
1.57
1.82
1.90
1.89
1.91
1.97
2.08
2.34
2.58
2.50
2.63
2.91
2.87
3.00
3.26
3.33
3.31
3.31
\
t
35
94
92
$43,921,591
46,477,551
48,871,456
50,765,084
53,001,918
56,058,124
59,348,790
63,953,757
68,367,427
72,096,339
76,431,535
80,522,972
84,974,958
93,426,380
100,302,351
107,072,495
115,630,937
123,135,219
51
35
04
74
12
82
50
16
42
30
47
59
71
46
38
6.21
6.55
6.58
6.58
6.60
6.68
6.82
7.11
7.36
7.22
7.48
7.79
7.63
7.74
8.11
8.13
8.03
8.06
Based on Securities at Estimated Market Values
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
$32,825,176
33,547,581
34,740,030
36,155,736
37,648,475
39,493,627
41,243,486
42,932,209
44,398,015
47,108,302
49,556,786
50,426,647
53,033,228
57,205,293
60,012,928
63,052,032
68,008,083
72,489,967
05
14
12
30
12
68
11
82
35
92
47
96
25
14
33
69
18
40
4.64
4.73
4.68
4.69
4.69
4.71
4.74
4.77
4.78
4.72
4.85
4.88
4.76
4.74
4.85
4.78
4.72
4.75
$8,252,932
17,436,211
22,302,689
19,941,773
21,115,669
21,123,202
11,261,415
15,247,028
16,306,431
25,935,719
3,830,522
4,880,023
7,695,259
20,703,232
8,441,928
43,514,902
30,480,596
62,821,866
1
|
i
Les
66
55
86
55
58
37
36
05
15
12
431
011
..17
2.46
3.00
2.59
2.63
2.52
1.29
1.70
1.75
2.60
.37
.47
.69
901
451
891
1.72
56
33
87
3.31
2.12
4.11
.68
1
j
$41,078,108
50,983,792
57,042,719
56,097,509
58,764,144
60,616,830
52,504,901
58,179,237
60,704,446
73,044,022
45,726,264
45,546,624
45,337,968
36,502,060
51,570,999
106,566,935
98,488,679
135,311,834
71
69
98
85
70
05
47
87
50
04
04
95
35
69
44
25
51
27
5.81
7.19
7.68
7.28
7.32
7.23
6.03
6.47
6.53
7.32
4.47
4.41
4.07
3.02
4.17
8.10
6.84
8.86
—
P.D.
8,
Part
Xlll
I.
STATEMENT
No. 9
Investments producing no Income during the Year
October
31,
October 31, 1923
1924
Number
Amount
Number
of
loaned or
invested
of
loaned or
Loans
Loans
invested
129
76
$434,234 33
223,017 72
Amount
Loans
On
On
real estate
personal security
Investments
Real estate by foreclosure, in possession, etc.
Stocks, bonds, etc., acquired to secure indebtedness
Bank and trust company stocks
Deposits in banks not on interest
$80,281
150,012
35,368
31,840
.
....
Total loans and investments producing no income
STATEMENT
-
$386,370 75
298,828 57
140
85
68
46
53
68
$954,755 40
$102,458
124,073
60,975
80,760
-
34
28
50
31
$1,053,466 75
No. 10
Real Estate by Foreclosure
Principal
Balance as shown in statement of October 31, 1923, 67 estates
Acquired during year ending October 31, 1924, 70 estates
Total amount of loans charged to this account during year
Expenses and taxes paid
....
$299,542 14
$330,286 74
27,254 63
Total principal added during year
357,541 37
$657,083 51
Received for 79 estates sold during year
Deduct:
Profits on estates sold
Amounts returned to former owners
Credit balances now held for settlement
$504,487 47
$27,529 19
24,249 38
15,294 24
Add:—
Losses on real estate sold
off to cover depreciation or prospective loss
Amounts charged
Net
67,072 81
$437,414 66
$14,535 93
11,876 76
26,412 69
463,827 35
credits
$193,256 16
Income
Rents, etc., received during year
Expenses, taxes, etc
$20,412 20
32,966 94
Net deficit for year
amount charged off
$12,554 74
932 54
Less
Deficit applied toward increasing book value
Balance as shown in statement of October 31, 1924 (58 estates assessed at
$295,817.50 held by 37 banks)
Decrease during year
.
11,622 20
$204,878 36
$94,663 78
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P.D.
8,
Part
I.
—
ABSTRACT OF ANNUAL REPORTS OF THE SAVINGS BANKS
AND INSTITUTIONS FOR SAVINGS AT THE CLOSE OF
BUSINESS OCTOBER 31, 1924.
ABINGTON — ABINGTON SAVINGS BANK
Incorporated March
William
J.
17, 1853.
Number
of corporators,
60
Leon
Coughlan, President.
James E. Marshall, Clerk
Fairbanks, Treasurer.
S.
of the Corporation
W. P. Arnold, C. L. Baker,* L. D. Chandler, W. J. Coughlan,* E. G. Crossley.t G. E.
Fairbanks, L. S. Fairbanks, G. R. Farrar, I. C. Howland, G. W. Kelley, T. F. Lydon, A. H. Nash.t
C. F. O'Brien, W. S. O'Brien,* C. M. Packard,*! F. E. Perkins, W. H. Thayer,* F. G. Wheatley.*
Board of Trustees:
Deposits draw interest from first business day of each month; dividends are payable April 5 and October
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Fridays, 7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
$1,631,174 90
Public funds, bonds and notes
535,124 25
Railroad bonds and notes
bonds
61,820 00
railway
Street
78,106 25
Telephone company bonds
company
water
electric
and
Gas,
58,762 50
bonds
98,600 00
Bank and trust company stocks
Loans on real estate (less $6,800 due
00
2,205,145
thereon)
63,015 00
Loans on personal security
{est.
val.,
$35,000)
30,000
00
Bank building
Taxes, insurance, etc., paid on mort50
properties
48
gaged
30,700 99
Due from banks and trust companies
70
4,733
Cash and cash items
.
.
.
.
.
1924
Liabilities
I
.
.
31,
5.
;
'
Deposits (5902 accounts, average,
$744-88)
$4,396,303 05
Christmas and other club deposits
17,991 25
Surplus:
a.
Guaranty fund (4.98% of
Profit and loss
Interest, less current expenses
b.
!
dc-
....
posits)
|
217,785 00
135,804 43
29,347 36
.
j
I
.
....
....
....
Total Assets
$4,797,231 09
Total Liabilities
.
$4,797,231 09
Total Expenses for the Year, including State Taxes
Salaries
Rent
Advertising
State Tax (Net)
$700.00
$S,593.28
$48.75
paid for
$5,404.88
1.79
.01
.15
of
assets
1.13
Cost per $1,000
Cost per $1,000 of assets not including State tax and rent
06.
$258,919
Gross income received during the year,
Amount
Rates on Investments and Loans (Average on
634
Other Expenses
Total
$4,185.07
$18,931.98
3.95
.
real estate loans,
averaging $3,478.15 (average rate, 6.02%);
6%,
all,
.87
2.67
5.56'
$2,120,270;
,
i
6H%.
$64,925;
7%,
$19,950.
23 personal loans, averaging $2,739.78 (average rate, 5.95%); 5^%, S6.500: 6%, $56,515.
Bonds, stocks, etc. (average rate on amount invested, 5%).
Number of loans not over $3,000 each, 419, amounting to $556,785.
176 real estate loans made during year, amounting to $966,700.
Dividends, Deposits and Withdrawals
Ordinary dividends declared durinsr year: April. 1924,
Oct.,
Number
of deposits
Number
of
1924,
2K%
2V2 %
during year, 5,413, amounting to (accounts opened
3-19)
withdrawals during year, 4,846, amounting to (accounts closed 419)
Net increase
*
in
Board
amount due depositors (accounts decreased
of
Investment.
.
.
.
$94,517 89
106,142 07
501,497 25
.
.
.
$702,157 21
564,678 65
$137,478 56
70)
t
Auditing Committee.
—
P. D. 8, Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value.
$125,000 U. 8. Treas. Notes 4%s
1.000,000 United States 4^s
75,000 United States 4>^s
30,000 California 5%s
10,000 Massachusetts 4>£s
10,000 Michigan 53^s
20,000 Michigan b%s
10,000 Oregon 5^s
20,000 Oregon 5%s
20,000 Washington 5^8
20,000 Washington 6s
15,000 Brockton 5s
10,000 Cleveland, <).,
10,000 Dayton, O., 6s
bV2 s
Des Moines, la., 6s
10,000 Detroit, Mich., 6s
25,000 Fall River, 5^s
10,000 Gloucester 5s
10,000 Kansas City, Mo., 5s
10,000 Lorain, O., b l 2 s
10,000 Los Angeles, Cal., 5s
10,000 Los Angeles, Cal., 5%s
10,000 Lowell 5*
12,000 Melrose 5^s
10,000 Milwaukee, Wis., 6s
10,000 New Bedford 5s
20,000 New Bedford 5^3
10,000 Newport, R. I., 53^3
5,000 Seattle, Wash., 5 s
10,000 St. Paul, Min.,
10,000 So. Bend, Ind.,
10,000 Toledo, O., 6s
12,000 Woburn 5s
14,000 Abington 4s
:20,000
/
Par Value
$10,000 Agawam 5s
10,000 Methuen 5^s
Par Value
$25,000 Southern Pacific 6s
10,000 Spokane Falls & North. 63
Public Funds, Notes
Abington 5s
Abington 5^s
$12,900
2,500
3,000
10,000
16,400
Hanover 5J^s
10,000
25,000 West End 5s
12,000 Wore. & Blackstone Val.
5^s
Mansfield
Vermont Valley 4^s
Street Railway Bonds
$25,000 Boston Elevated 4Ks
Scituate 4s
4^s
Railroad Bonds
Atch., Top. & Santa Fe 4s
Baltimore & Ohio 5s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 6s
Chi., Mil. & St. Paul 4s
$15,000
10,000
10,000
65,000
10,500
40,000
10,000 Chi., Mil. & St. Paul 43^s
10,000 Clevel'd Short Line 43^3
1,000 Fitchburg 4s
10,000 Fre., Elk. & Mo. Val. 6s
20,000 Illinois Central 4s
10,000 Illinois Central 5s
30,000 Louisville & Nashville 6s
25,000 Maine Central 4^s
10,000 Montana Central 6s
20,000 N. Y. C. & H. R. 5s
70,000 N. Y., N. H. & H. 3^s
44,000 N. Y., N. H. & H. 4s
25,000 Norfolk & Western 6s
20,000 North. Maine Seaport 5s
10,000 Northern Ry. of Calif. 5s
10,000 Pennsylvania 4^s
10,000 Pennsylvania 5s
20,000 St. Paul, Minn. & Man. 6s
Telephone Company Bonds
$40,000 Am. Tel. & Tel. Co. 5s
40,000 N. E. Tel.
&
Tel. Co. 5a
Gas, Electric and Water
Com-
pany Bonds
$20,000 Lawrence Gas Co. 7s
10,000 N. B. Gas & Ed. L. Co.
6^s
20,000 Pittsfield Elec. Co. 6s
10,000 Wore. Gas Light Co. 6s
g ng
100
26
100
450
100
50
23
Bank Stocks
Abington Nl. Bk.
First Nl. Bk., Adams
Sec. Nl. Bk., Boston
First Nl. Bk., Boston
Merchants Nl. Bk., Boston
Second Nl. Bk., Boston
Webster & Atlas Nl. Bk.,
Com.
Boston
25 Old Col. Trust Co., Boston
80 Brockton Nl. Bk.
32 Old Col. Nl. Bk., Plymouth
ADAMS— SOUTH ADAMS SAVINGS BANK
Incorporated
William
S.
May
1,
1869.
Number
of corporators, 35.
Morton, President.
Earl L. WaJpols, Treasurer.
William Orr, Clerk of the Corporation
Board of Trustees. J. S. Adams, I. S. Ball.f F. E. Braman, J. E. Donovan, W. S. Morton,* D. A. Murphv.
R. E. Noble,* William Orr.f C. F. Smith,*! F. W. Smith,* Frank Szetela, E. L. Walpole, E. S. Wood>
Deposits draw interest from first business day of each month: dividends are payable January 1 and July 1.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m. Open Saturday evenings and the first
business day of each month: 7 p.m. to 8 p.m. for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
....
Securities acquired for debts
Loans on real estate (less $8,952 36
due thereon)
Loans on personal security
31,
1924
Liabilities
$296,542
606,641
168,826
26,939
62,584
78
25
50
00
25
Deposits (5,745 accounts, average,
$619.27)
$3,557,725 10
Surplus:
a.
93,106 25
31,612 50
55 00
Guaranty fund (3.73% of
posits)
de-
....
132,800 00
47,235 72
8,529 40
Profit and loss
Interest, less current expenses
b.
.
Bank building
(est. val.,
$165,000)
Furniture and fixtures
Taxes, insurance, etc.,
paid
panies
Cash and cash items
84 86
trust
com-
....
Total Assets
*
Board
95
34
00
00
on
mortgaged properties
Due from banks and
2,091,242
138,599
150,000
25,000
39,730 91
15,324 63
$3,746,290 22
of
Investment.
Total Liabilities
t Auditing
$3,746,290 22
Committee.
P.
D.
8,
Part
I
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$5,699.66
paid for
3,961 v.
$1,400.00
1 52
1
i.od
.37
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $182,102.80.
$826.46
J
.
Other Expenses
$4,526.67
.22
.
Rates on Investments and Loans (Average on
Total
$19,414.32
5.18
3.29
1.21
All,
5.56%)
793 real estate loans, averaging $2,637.12 (average rate, 6%): 6%, $2,091,243.
110 Personal loans, averaging $1,259.99 (average rate. 5.98%); 5%, $6,575; 6%, $127,024;
Bonds, stocks, etc. (average rate on amount invested, 4.79%).
Number of loans not over $3,000 each, 655, amounting to $826,069.17.
169 real estate loans made during year, amounting to $648,225.
7%,
$5,000.
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2M%
2M%
$71,996 30
76,603 22
887,964 93
.
.
during year, 9,640, amounting to (accounts opened 883)
$1,036,564 45
811,744 11
withdrawals during year, 5,441, amounting to (accounts closed 770)
Net increase
in
amount due depositors (accounts increased
113)
$224 820 34
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$203,350 United States 4Ms
4,209 Buffalo, N. Y., 4s
5,000
5,000
2,000
10,000
7,000
6,000
10,000
10,000
5,000
10,000
5,000
1,000
S,000
Par Value
Chelsea 3Ms
Chelsea 4s
Danbury, Conn., 3Ms
Los Angeles, Cal., 5s
New Bedford 4s
New
Bedford 5s
Oakland, Cal., 5Ms
Portland, Ore., 5Ms
San Francisco, Cal., 4Ms
San Francisco, Ca!., 5s
Springfield, O., 5s
Westfield
4Ms
Sudbury 4s
Public Funds, Notes
$8,750
Dedham
4s
600 Savoy 6s
$10,000
20,000
10,000
15,000
20,000
10,000
15,000
20,000
2,500
10,000
34,000
Railroad Bonds
Atch., Top. & Santa Fe 4s
Baltimore & Ohio 4Ms
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Albany 3Ms
Boston & Albany 5s
Boston & Lowell 5s
Boston & Maine 4s
Boston & Maine 6s
Carthage & Adirondack 4s
Chi., Mil.
15,000 Chi., Mil.
& St. Paul 4s
& St. Paul 4Ms
25,000 Chi. & Northwestern 5s
25,000 Chi. & Northwestern 6s
20,000 Cleveland Short Line 4Ms
$15,000
20,000
10,000
5,000
5,000
6,500
35,000
10,000
5,000
15.000
33,000
10,000
Par Value
$10,000 Hoosac Valley 4s
& Hudson Co. 4s
Fitchburg 4s
Fitchburg 4Ms
Fitchburg 5s
Gt. Northern 4}£s
Illinois Central 3Ms
Illinois Central 4s
Del.
Louisville
Louisville
&
&
10,000
10,000
40,000
10,000
10,000
Nashville 4s
Nashville 5s
St. P.
&
S. Ste.
M.
4s
50,000
5,000
15,000
20,000
10,000
25,000
5,000
14,000
11,000
15,000
Pitts.,
Port.
Port.
Lake Erie
Boston Terminal Co. Bonds
Gas, Electric and Water
& W.
Portland Terminal Co. 4s
Southern Pacific 4s
$10,000
15,000
5,000
15,000
10,000
30,000
10,000
Lawrence Gas Co. 7s
N. E. Power Co. 5s
Old Colonv Gas Co. 5s
Pittsfield Elec. Co. 6a
W. Boston Gas
Bank Stocks
118First Nl. Bk., Adams
5 Conwav Nl. Bk.
25 Holvoke Nl. Bk.
12 Lee'Nl. Bk.
5 Lenox Nl. Bk.
28 Merchants Nl. Bk., Boston
10 Nl. Shawmut Bk., Boston
21 North Adams Nl. Bk.
5 Third Nl. Bk., Pittsfield
5 Williamstown Nl. Bk.
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4 Ms
Boston Elevated 5s
Boston Elevated 6s
Eastern Mass. 4Ms
Eastern Mass. 6s
AMESBURY — PROVIDENT INSTITUTION FOR SAVINGS
OF SALISBURY AND AMESBURY
Number
of
IN
THE TOWNS
corporators, 37
Ralph
Alfred C. Webster, President.
Augustus N. Parry, Clerk of
Co. 7s
Wore. Gas Lt. Co. 5Ms
Wore. Gas Lt. Co. 6s"
Shs.
$10,000
11,000
5,000
30,000
20,000
5,000
Incorporated February 28, 1828.
Com-
pany Bonds
& Ogdensburg 4Ms
& Rumford Falls 4s
Upper Coos 4s
Upper Coos 4 Ms
Washington Co. 3 Ms
3Ms
Telephone Company Bonds
$10,000 Am. Tel. & Tel. Co. 4s
30,000 Am. Tel. & Tel. Co. 5s
25,000 N. E. Tel. £ Tel. Co. 5s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 4Ms
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3Ms
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Norwich & Worcester 4s
Pennsylvania -4 Ms
Pennsvlvania 5s
Va. 4s
5,000
5,000
25,000
5,000
2,000
4,000
5,000
End 4s'
End 4 Ms
End 5s"
End 6s
End 6Ms
$30,000 Boston Terminal
Maine Central 4Ms
Maine Central 5s
Minn.,
West
West
West
West
West
P. True, Treasurer.
the Corporation.
Board of Trustees: J. J. Allen, W. E. Biddle, J. E. Blake, f G. L. Briggs, Thos. Clarke, W. W. Hawkes,*
H. B. Locke,*t D. C. Maxfield, A. N. Parry, R. P. True, A. C. Webster,* A. G. Willey.t
*
Board
of Investment.
t Auditing
Committee.
—
P. D. 8, Part
4
I.
Deposits draw interesl from third Wednesday of January, April, July and October; dividends are payable
Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m.
the fourth Wednesday of April and October.
to 12
m.
STATEMENT OF CONDITION, OCTOBER
Assets
$1,895,462 83
Public funds, bonds and notes
685,531 25
Railroad bonds and notes
186,000 00
Street railway bonds
81,656 25
Telephone company bonds
Gas, electric and water company
24,062 50
bonds
63,600 00
Bank and trust company stocks
Loans on real estate (less $4,300
998,700 00
due thereon)
777,250 00
Loans on personal security
Liabilities
Deposits (9,132 accounts, averag
$482.64)
S4.407.470
Surplus:
a. Guaranty fund (5.03% of deposits)
221,545
b. Profit and loss
190,433
Interest, rents, less current expenses
32,689
Discount unearned
1,066
.
....
....
....
Bank
building
estate
(est. val.,
33
78
87
81
etc
6,222 37
com
69,266 71
19,565 41
panies
Cash and cash items
43
45,888 90
$56,250)
by foreclosure,
(assessed value, $13,750)
Due from banks and trust
Real
31, 1924
.
Total Assets
Total Liabilities
$4,853,206 22
$4,853,206 22
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
$164.48
$11,199.96
$7,353.21
paid for
1.52
2.31
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $237,739.38.
.
Other Expenses
$2,882.73
.03
.
Total
$21,600 38
.59
4 45
2
Rates on Investments and Loans (Average on
All,
93
4.96%)
376 real estate loans, averaging $2,656.12 (average rate, 5.80%); 5J^%, $397,250; 6%, $601,450.
34 personal loans, averaging $22,860.29 (average rate, 4.97%) 4%, $50,000; 4M%, $50,000; 4>/£%, $50,000;
;
5%, $305,350; 5H%, $290,000; 5M%, $27,000; 6%, $4,900.
Ponds, stocks, etc. (average rate on amount invested, 4.66%).
Number of loans not over $3,000 each, 323, amounting to $381,550.
73 real estate loans made during year, amounting to $131,250.
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 13,381,
Number
of
1924,
2%%
2H%
$94,483 65
95,009 45
660,499 90
.
amounting to (accounts opened 790)
$849,993 00
796,658 21
withdrawals during year, 7,353, amounting to (accounts closed 651)
Net increase
in
amount due depositors (accounts increased
139)
$53,334 79
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$30,000 U. S. Treas. Bonds 4Ms
25,000 U. S. Treas. Notes 4%s
50,000 U. S. Treas. Notes 4^s
165,000 U. S. Treas. Notes 4%s
1,595,650 United States 4J^s
55,000 Cleveland, 0.,4^s
25,000 Amesbury 4s
14,000 Amesbury 4^8
Railroad Bonds
$25,000 Boston & Albany 5s
40,000 Boston & Maine 4s
25,000 Boston & Maine 4J^s
30.000 Bos., R. B. & Lynn 4^s
100.000 C, B. & Q. 4s
35,000 Chi. & Northwestern 4s
25.000 Chi. & Northwestern 5s
Telephone Company Bonds
Par Value
$30,000, Cleveland & Pitts. 3>£s
50,000 Illinois Central 4s
25.000 Mich. Cent. D. & B.
City 5s
75,000
30,000
75,000
50,000
25,000
50,000
14,000
N.Y..N.H. & H,
Sullivan
Countv 6s
Wore, Nash. & Roch. 4s
Street Railway
$100,000
25,000
50,000
25,000
4s
No. Pacific 6s
Pennsylvania 4J^s
Portland Terminal 5s
Providence Terminal 4s
Bonds
Boston Elevated 4s
Boston Elevated 4J^3
West End 4s
West End 6s
Par Value
$67,000
25,000
Am.
Am.
Tel.
Tel.
&
&
Tel. Co. 4s
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$25,000 N.England Power Co. 5s
Bank Stocks
lOOPowow River Nl. Bk., Ames-
gjj S
bury
50 Merchants Nl. Bk., Boston
Nl. Shawmut Bk., Boston
Nl. Union Bk., Boston
Second Nl. Bk.. Boston
Web. & Atlas Nl. Bk.. Boston
Bav State Nl. Bk., Lawrence
7 Union Nl. Bk., Lowell
342
25
27
32
53
—
P.
D.
8,
Part
I.
AMHERST — AMHERST SAVINGS BANK
Incorporated April
George
5,
Number
1864.
20
of corporators,
William T. Chapin, Treasurer.
Robert S. Morgan, Assistant Treasurer.
Kendrick, President.
James F. Page, Clerk of the Corporation.
S.
Board of Trustees: E. P. Bartlett, F. A. Cadwell,* C. Callahan, W. T. Chapin, George Cutler, t C. F.
Deuf>l, M. A. Dickinson, t C. R. Elder, J. C. Hammond, G. S. Kendrick,*! J- F. Page, F. M. Thompson,* E.
-
M. Whitcomb.
draw
from
interest
July
1.
first business day of every month;
dividends are payable January
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water companv
bonds
Bank and trust company stocks
Loans on real estate (less S4,s.")0
due thereon)
Loans on personal securitv
....
.
.
.
.
.
.
.
Bank building {est. val..
Due from banks and
panies
Cash and cash items
$35,000)
trust
.
and
31, 1924
Liabilities
Deposits (10,316 accounts, average,
t646.0S)
I
:
Christmas and other club deposits
.
S6.654.171 68
4,652 25
Surplus:
Guaranty fund {4.89% of
a.
de-
....
posits)
85,000 00
94,000 00
326,092 09
305.063 42
110,679 09
Profit and loss
Interest, rents, less current expenses
b.
4,363,567 71
45,205 00
33,000 00
com-
....
...
Total Assets
§985,783 04
1,152,452 25
247,796 88
147,795 75
117,220 00
1
115,541 76
13,291 14
Total Liabilities
$7,400,658 53
7,400,658.53
Total Expenses for the Year, including State Taxes
State
Amount
paid for
.
.
Tax (Xet)
$5,780.61
Salaries
$15,055.82
Rent
Advertising
$1,800.00
Cost per $1,000 of assets
.78
2.03
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $371,518.13.
$172.32
.24
Other Expenses
$2,912.72
Rates on Investments and Loans (Average on
All,
Total
$25,721.47
3.47
2.45
.40
.02
5.24%)
1,128 real estate loans averaging $3,868.41, (average rate, 5.51%): by2 %, $4,251,613; 6%, $111,955.'
55 personal loans, averaging $821.90 (average rate, 5.77%); 5%, $7,810; 53^%, $5,000; 6%, $32,395.
Bonds, stocks, etc (average rate on amount invested, 4.81%).
Number of loans not over $3,000 each, 813, amounting to $1,121,804.71.
119 real estate loans made during year, amounting to $333,825.
Dividends, Deposits and Withdrawals
l
Ordinary dividends declared during year: Jan., 1924, 2 /i%
July, 1924,
Number
of deposits
Number
of
2H%
.
.
.
during year, 11,723, amounting to (accounts opened 873)
withdrawals during year, 8,004, amounting to (accounts closed 745)
Net increase
*
in
Board
amount due depositors (accounts increased
of
Investment.
$140,101 39
143,963 76
1,046,096 18
$1,330,161 33
1,067.321 11
$262,840 22
128)
t Auditing
Committee.
—
P.
D.
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Par Value
$50,000 Louisville & Nashville 5s
25,000 Maine Central 4J^s
25,000 Maine Central r).s
75,000 N. Y. C. & H. R. 4s
35,000 N. Y. C. & H. R. 5s
25,000 N. Y., N. H. & H. 3^s
125,000 N. Y., N. H. & H. 4s
20,000 Nor. Maine Seaport 5s
25,000 Northern Pacific 4s
50.000 Old Colony 5Ms
15,000 Pennsylvania 5s
25,000 Portland Terminal Co. 4s
10,000 St. Paul, Min. & Man. 6s
Public Funds, Bonds
Par Value
$50,000 U. S. Treas. Notes 4^s
78,900 U. S. Treaa. Notes 4%s
813,600 United States 4Ms
11,000 Akron, O., 6s
25,000 Jersey City, N. J., 6s
.
10,000 Youngstown, O., 6s
Public Funds, Notes
Amherst 4s
Amherst 4J^s
Pelham 4s
$18,000
0,200
600
3,000
Pelham 4^s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated 5s
Boston Elevated 6s
Eastern Mass, 4^s
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Maine 4s
Boston & Maine 4^s
$25,000
25,000
25,000
45,000
135,000
95,000
35,000
50,000
50,000
25,000
25,000
85,000
75,000
25,000
25,000
25,000
$25,000
50,000
25,000
25,000
25,000
25.000
25,000
25,000
25,000
West End 5s
West End 6s
West End 6^s
B. & Q. 3Hs
B. & Q. 4s
Chi., Mil. & St. Paul 4J^s
Chi., Mil. & St, Paul 5s
Chi. & Northwestern 5s
Fitchburg 4s
$150,000 Boston Terminal
Fitchburg 4^s
Fitchburg 5s
Illinois Central 3s
Illinois Central 4s
Telephone Company Bonds
$95,000 Am. Tel. & Tel. Co. 4s
30,000 Am. Tel. & Tel. Co. 5s
C,
C,
Wore.
&
Black. Val.
4^s
Boston Terminal Co. Bonds
3^8
Gas, Electric and Water
Com-
pany Bonds
Par Value
$25,000 East. Mass. Elec. Co. 6s
25,000 New Eng. Power Co. 5s
25,000 Turners Falls Power and
Elec. Co. 5s
10.000 Wore. Gas Light Co. 53^s
Bank Stocks
Shs.
100 First Nl. Bk., Amherst
25 First Nl. Bk., Boston
4 Second Nl. Bk., Boston
50 Nl. Shawmut Bk., Boston
28 City Nl. Bk., Danbury, Ct.
47 First Nl. Bk., Easthampton
56 Franklin County Trust Co.,
Greenfield
100 City Nl. Bk., Holvoke
200 Hoiyoke Nl. Bk.
30 Commerce Nat. Bk., New
London, Ct.
67 Northampton Nl. Bk.
78 First Nl. Bk., Northampton
117 Thames Nl.Bk., Norwich, Ct.
28 Crocker Nl.Bk., Turners Falls
4 Ware Trust Co.
6 Mechanics
Nl. Bk., Worcester
ANDOVER—ANDOVER SAVINGS BANK
Incorporated April
Burton
S.
2,
1834.
Number
of corporators,
28
Frederic S. Boutwell, Treasurer.
Flagg, President.
Alfred E. Stearns, Clerk of the Corporation
Board of Trustees: George Abbott, F. S. Boutwell, J. H. Campion, *f B. S. Flagg,* F. H. Jones,* P. F.
Ripley, t Barnett Rogers, David Shaw.f G. F. Smith, A. E. Stearns, Abbot Stevens, C. J. Stone.
Deposits draw interest from third Wednesday of March, June, September and December; dividends are
payable the third'Wednesday of June and December. Business hours: 9 a.m. to 3 p.m.; Wednesdays,
9 a.m. to 12 m.; the third Wednesday of March, June, September and December, 9 a.m. to 3 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Federal Land Bank bonds
Bank and trust company stocks
.
.
$850,836 62
1,038,280 00
184,0?7 50
142,318 13
129,817
35,000
208,140
75
.
....
....
Bank
building (est.
construction)
val., in
Due from banks and
Total Assets
50
00
00
00
Deposits (11,643 accounts, average,
$754-36)
$S,783,062
Surplus:
a. Guaranty fund U-82% of deposits)
423.350
b. Profit and loss
325,276
Interest, less current expenses
170,244
....
....
Discount unearned
23
00
75
65
1,425 28
5,969,747 54
962,439 86
course of
trust
155,666 19
com
21,229 62
5,730 95
panies
Cash and cash items
1924
Liabilities
Securities acquired for debts
Loans on real estate (less $43,213.50
due thereon)
Loans on personal security
31,
.
....
$9,703,358 91
Total Liabilities
$9,703,358 91
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$10,931.93
$16,586.93 $2,460.00
1.13
Cost per $1,000 of assets
1.71
.25
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $509,900. 18.
.
.
Advertising
Other Expenses
$2,722 03
.28
$5,664 17
.58
.
.
.
*
Board
of
Investment.
t
Auditing Committee.
Total
$38,365 06
.
3.95
2.57
P.
D.
Part
8,
I.
Rates on Investments and Loans (Average on
All,
5.73%)
1,349 real estate loans, averaging $4,425.31 (average rate, 6%); 5%, $1,900; 6%, $5,967,847.
135 personal loans, averaging $7,129.18 (average rate, 5.02%); 4%, $25,000; 4X%, $50,000;
$75,000; 4%%, $50,000; 5%, $410,469; 5}4%, $262,686; 5H%, $52,635: 6%, $36,650.
Bonds, stocks, etc. (average rate on amount invested, 5.39%).
Number of loans not over $3,000 each, 799, amounting to $1,352,781.08.
229 real estate loans made during year, amounting to $1,535,350.
4^%
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Dec, 1923,
2J^%
....
$192,629 86
June, 1924, 2*4%
during year, 15,143, amounting to (accounts opened 1,221)
201,791 71
1,549,503 31
withdrawals during year, 8,499, amounting to (accounts closed 944)
$1,943,924 88
1,123,049 77
Number
of deposits
Number
of
Net increase
in
amount due depositors (accounts increased 277)
$820,875 11
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$407,450 United States 4Ms
15,000 Michigan 5^s
10,000 Michigan 5%s
20,000 Akron, O., 5s
25,000
35,000
25,000
30,000
10,000
15,000
35,000
15,000
25,000
15,000
10,000
25,000
15,000
5,000
10,000
50,000
25,000
25,000
2,000
5,000
10,000
Bav
City, Mich., 5s
Canton, O., 6s
Chicago, 111., 5s
Cleveland, O., 5^s
Davenport, la., 5>£s
Dayton, O., 5^s
Detroit, Mich., 5s
Detroit, Mich., 5>£s
Fall River 5s
Flint, Mich., 43^s
Flint, Mich., 5s
Jersey City, N. J., 53^3
Lima, O., 6s
Lorain, O., 5s
Lorain, O., 5J^s
Los Angeles, Cal., 5s
Lowell 5s
AV
San Francisco, Cal.
2s
Andover 4s
North Andover 4s
Kittery, Me. (W. D.), 5s
Railroad Bonds
Baltimore & Ohio 4s
Bangor & Aroostook 5s
Boston & Albanv 4s
Boston & Albanv 5s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 43^s
Boston & Maine 6s
B. & N. Y. Air Line 4s
Chi., Mil. & St. Paul 4s
Chi. & N. Western 5s
Chi., St. Paul, Minn. &
$25,000
30,000
25,000
13,000
15,000
95,000
30,000
27,000
15,000
15,000
20,000
10,000
Omaha
6s
Par Value
$20,000 Conn.
Telephone Company Bonds
&
Pass. Rivers 4s
& Mo. Val. 6s
Oswegatchie 5s
25,000 Fie., Elk.
15,000
40,000
35,000
18,000
15,000
35,000
25,000
5,000
5,000
10,000
15,000
30,000
25,000
90,000
45,000
10,000
40,000
148,000
6,000
10,000
10.000
25,000
10,000
Gouv. &
Holvoke
&
Westf 'd
4^s
Central 4s
Central 5s
& Nashville 5s
Maine Central 4^s
Maine Central 5s
Me. Cent., E. & N. A. 4s
Mich. Cent. -D. & B.
City 5s
Par Value
$50,000 Am. Tel. & Tel. Co. 4s
70,000 Am. Tel. & Tel. Co. 5s
29,000 N. E. Tel. & Tel. Co. 5s
Illinois
Illinois
Louisville
Mobile
&
Ohio 6s
Montana Central
6s
N. Y. C. & H. R. 5s
N. Y., N. H.&H., 3J^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 5s
No. Pacific 6s
Old Colony 4s
Old Colony 5^s
4^s
&
Pennsvlvania
Wash. 5s
Phila., Bait.
L. C. 5s
St. J.
St. Paul, Minn. & Man-
&
itoba 6s
10,000 Union Pacific 5s
11,000 Wilmar & Sioux Falls 5s
50,000 Wore, Nash. & Roch. 4s
Street Railway Bonds
$40,000 Boston Elevated 4s
10,000 Boston Elevated 4^s
42,000 Boston Elevated 6s
25,000 Eastern Mass. 4>^s
25,000 West End 4^s
25,000 West End 5s
10,000 West End 6s
10,000 Wore. Consolidated 4%:
10,000 Wore. Consolidated 5s
Gas, Electric and Water
Com-
pany Bonds
$15,000 Hingham Water Co.
5s
10,000 N. B. Gas & Ed. L. Co.
5s
10,000 N. B. Gas & Ed. L. Co.
7s
22,000 N. E. Power Co. 5s
10,000 NewburyportG.&E.Lt.
Co. 5s
40,000 Turners Fall? Pr.&Elec.
Co. 5s
24,000
Wore Gas
Lt. Co.
5^s
Federal Land Bank Bonds
$25,000 Columbus. S. C, 5s
10,000 Witchita, Kan., 5s
Bank Stocks
Shs.
190 Andover Nl. Bk.
40 American Trust Co., Boston
47 Atlantic Nl. Bk., Boston
10 Beacon Trust Co., Boston
316 First Nl. Bk., Boston
190 Merchants Nl. Bk., Boston
6 Nl. Security Bk., Boston
400 Nl. Shawmut Bk., Boston
89 Nl. Union Bk., Boston
174 Old Colonv Trust Co., Boston
110 Second Nl. Bk., Boston
172 Webster
&
Atlas
Nl.
Bk.,
Boston
Bay State Nl. Bk., Lawrence
20 Warren Nl. Bk., Peabody
131
—
P. D. 8, Part
ARLINGTON
Branch
Offices, 190
Massachusetts Ave., Arlington, and 1314 Massachusetts Ave.
Heights
Incorporated April
Charles
2,
1860.
Number
W.
Benjamin
I.
ARLINGTON FIVE CENTS SAVINGS BANK
of corporators,
40
Wilson D. Clark,
Allen, President.
A. Norton, Clerk of the Corporation.
Edward
S.
Arlington
Treasurer.
Jr.,
Fessenden, Assistant Treasurer.
Board of Trustees: C. W. Allen,* W. D. Clark, Jr., W. K. Cook, E. S. Fessenden, J. R. Foster, R. D.
Greene, George Hill,* Henry Hornblower, John Lyons, F. L. Maguire, C. A. Moore, M. E. Moore,
B. A. Norton, f J. P. Parmenter.t C. G. Peck, H. G. Porter, W. G. Rolfe.f A. J. Wellington,* Daniel
Wyman.
Deposits draw interest from first day of each month; dividends are payable the first day of January and
July.
Business hours: 8 a.m. to 3 p.m.; Saturdays, 8 a.m. to 12 m.; 7 to 9 p.m.
Branches, 8 a.m. to. 11. 30 a.m.; 12.30 p.m. to 3 p.m. Saturdays, 8 a.m. to 12 m. and 7 to 9 p.m.
r
OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
$1,335,412 14
Railroad bonds and notes
683,361 67
Street railway bonds
50,775 00
Telephone company bonds
82,917 50
Federal Land Bank bonds
9,975 00
Bank and trust company stocks
22,924 08
Loans on real estate (less $15,800
due thereon
3,621,045 29
Loans on personal securitv
53,681 00
Bank building (est. vol., $65,000)
38,000 00
Taxes, insurance, etc., paid on
mortgaged properties
96 16
Due from banks and trust companies
149,421 12
Cash and cash items
21,488 83
....
.
....
....
Total Assets
$6,069,097 79
31,
1924
Liabilities
....
Deposits (13,198 accounts, average,
$409.22)
Christmas and other club deposits
.
$5,400,877 66
107,273 50
Surplus:
Guaranty fund (4-74%
a.
of de-
....
....
....
posits)
260,993
222,610
76,989
45
Profit and loss
Interest, etc., less current expenses
b.
Discount unearned
Other liabilities
Total Liabilities
15
73
75
00
308 00
$6,069,097 79
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising Other Expenses
paid for
$21,528.57 $1,000.00
$2,922.21
Cost per $1,000 of assets
.48
3.55
.16
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $315,022.12.
.
429.90
.07
Rates on Investments and Loans (Average on
All,
Total
$11,681.18
1.92
$37,561.86
6.18
5.54
5.60%)
averaging $4,389.15 (average rate, 6.05%); 5%, $965; 5^%, $5,575; 6%, $3,276,555;
6M%. $2,000; 6H%, $332,350; 7%, $3,600.
58 personal loans, averaging $925.53 (average rate, 5.40%); 5%, $19,448; 5J^%, $25,000; 6%, $9,233.
Bonds, stocks, etc. (average rate on amount invested, 4.86%).
Number of loans not over $3,000 each, 400, amounting to $523,096.33.
189 real estate loans made during year, amounting to $1,018,500.
825
real estate loans,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
Net
2%%
2H%
......
during year, 32,751, amounting to (accounts opened 2,630)
withdrawals during year, 13,912, amounting to (accounts closed 968)
increase in
*
Board
amount due
$1,815,144 53
1,254,081 81
$501,1)02 72
depositors (accounts increased 1,602)
of Investment.
$104,169 44
110,686 96
1,600,288 13
t
Auditing Committee.
—
D.
P.
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$400,000 U. S. Treas. Bonds 4
75,000 U. S. Treas. Notes 4>
151,000 U. S. Treas. Notes M
12,450 United States 3^s
5,700 United States 4s
602,550 United States 4^s
25,000 Oregon 5£s
10,000 Akron, O., 6s
16,000 San Francisco, Cal., 4
10,000 Seattle, Wash., 5s
$25,000
38,000
8,000
45,000
15,000
15,000
Chi.
&
Northwestern 5s
M. &
Chi., St. P.,
$10,000 Sav., Florida
O. 6s
ern 6s
7,000 St. L., Peoria
Fitchburg 4s
& Mo. Val. 6s
Gt. Northern 4J4s
Public Funds, Notes
$9,000 Arlington 4^s
8,750 Bourne 4%s
1 ,000 Dartmouth 4s
9,000 Hull 5s
4,000 Revere 4s
2,800 South Hadley (F. D.) 4s
Railroad Bonds
$20,000 Baltimore & Ohio 4^3
10,000 Baltimore & Ohio 5s
20,000 Boston & Albany 4s
12,000 Boston & Maine 4s
& Eastern 5s
Louis., Cin. & Lex. 4^s
Louisville & Nashville 5s
Louisville & Nashville 6s
4^s
&
&
WestNorth-
western 5s
40,000 St. P., Minn. & Man. 6s
20,000 Union Pacific 5s
10,000 Wilmar & Sioux Falls 5s
Fre., Elk.
Lexington
1,000
10,000
19,000
15,000 Maine Central 4)^s
10,000 Maine Central 5s
7,000 Mich. Cent.,- D. & B.
City 5s
20,000 Minn., St. P. & S. Ste.
M. 4s
20,000 Mobile & Ohio 6s
40,000 Montana Central 6s
30,000 N. Y. C. & H. R. 5s
25,000 N. Y., N. H. & H. 4s
12,000 Norfolk & Western 6s
15,000 No. Maine Seaport 5s
30,000 No. Pacific 6s
4,000 Ohio River 5s
35,000 Old Colony 4s
5,000 Pennsylvania 4Ks
38,000 Pennsylvania 5s
24,000 Pitts., Mck. & Yough.6s
15,000 Port. Terminal Co. 4s
15,000 Ports., Gt. F. & Conwav
15,000 Springfield, O., Hs
15,000 C, B. & Q. 4s
25,000 Chi., Mil. & St. Paul
Par Value
Par Value
Bonds
End 4^s
End 5s
End 6s
End 6^9
Street Railway
$15,000
11,000
10,000
15,000
West
West
West
West
Telephone Company Bonds
$32,000 Am. Tel. & Tel. Co. 4s
25,000 Am. Tel. & Tel. Co. 5s
30,000 N. E. Tel.
Federal Land
&
Tel. Co. 5s
Bank Bonds
$10,000 Baltimore, Md., 5s
Bank Stocks
Shs.
40
Menotomy
Trust. Co., Arlington
170 Atlantic Nl. Bk., Boston
12 National Union Bk., Boston
10 Nat. Shawmut Bk., Boston
4V4s
ATHOL— ATHOL SAVINGS BANK
Incorporated February
12,
186
Number
of corporators, 70
Ralph D. Sutherland, Treasurer.
Levi B. Fay, President.
Frank
S.
Parmenter, Clerk of
the Corporation.
Board of Trustees: C. F. Amsden,* R. L. Dexter, L. B. Fav,* G. C. Longlev.t Simon Mackay, F. S. Parmenter.t A. J. Raymond, R. D. Sutherland, P. B. Swift,* L. B. Taylor,* A. F. Tyler, f E. W. Tyler,*
E. L. Worrick.
Deposits draw interest from first business day of each month: dividends are payable January 1 and July 1.
Business hours: 9 a.m. to 3.30 p.m.; Saturdays, 9 a.m. to 12.30 p.m.; also Thursdays, 7 to 8.30 p.m.,
for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $18,900
due thereon)
Loans on personal security
Due from banks and trust com
....
Liabilities
$625,658 50
1,009,731 75
211,712 50
83,047 50
107,912 50
107,917 50
80,810 00
ca
ih
Deposits (11,103 accounts, average,
$649.39)
$7,210,154
Surplus:
a. .Guaranty fund (4-90% of deposits)
353,000
b. Profit and loss
303,924
Interest, less current expenses
162,685
Discount unearned
8,457
....
....
.
13
00
93
77
68
4,979,800 00
747,428 00
81,440 29
2,763 97
panies
Cash and
31, 1924
items
Total Assets
$8,038,222 51
Total Liabilities
$8,038,222 51
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$7,378.09
$18,609.78
$945.00
Cost per $1,000 of assets
.92
2.31
.12
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $434,163.84.
.
*
Board
of
Investment.
Advertising Other Expenses
$721.41
$4,414.77
.09
.55
t
Auditing Committee.
Total
$32,069.05
3.99
2.95
10
358
D.
P.
Rates on Investments and Loans (Average on
real estate loans,
6i%,
All,
averaging $13,910.05 (average rat-, 6%); 53^%, $700;
8,
Part
I.
5.71%)
b% % ,$225,000;
6%.$4,674,100;
$80,000.
67 personal loans, averaging $11,155.04 (average
$35,000;
5%,
$60,000;
rate,
5.30%); 414%, $54,500; 434%, $175,000;
534%, $50,000; 534%, $67,150: 6%, $295,778; 7%, $10,000.
4%%,
Fionas, stocks, etc. (average rate on amount invested, 5.21%).
Number of loans not over $3,000 each, 207, amounting to $259,673.
47 real estate loans made during year, amounting to $1,229,200.
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits during year, 10,078,
Number
of
amounting
234%
234%
$162,183 66
to (accounts
opened 1,025)
.
170,230 92
1,165,251 59
.
$1,497,666 17
947,179 64
withdrawals during year, 7,768, amounting to (accounts closed 813)
Net increase
in
amount due depositors (accounts increased 212)
$550,4S6 53
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$100,000 U. S. Treas. Notes 43-£&
500,000 United States 4^s
2,000 Brockton 4s
Par Value
$79,000 Fitchburg 4s
25,000 Fitchbure 434s
40,000 Illinois Central 334s
25,000 Illinois Central 4s
10,000 Jamestown, Fr. & Clar-
5,000 Fall River 4s
10,000 Los Angeles, Cal., 5s
5,000 Lowell 434 s
4s
5.000 Louisville & Nashville 5s
75,000 Louisville & Nashville 6s
5,000 Me. Cent., E. & N. A. 4s
10,000 Maine Central 434s
20,000 Maine Central 5s
40,000 Minn., St. P. & S. Ste.
M. 4s
10,000 Mobile & Ohio 6s
25,000 Montana Central 6s
40,000 N. Y. C. & H. R. 4s
50,000 N. Y., N. H. & H. 4s
50,000 N. Y., N. H. & H. 6s
40,000 No. Maine Seaport 5s
75,000 No. Pacific 6s
22,000 Norwich & Worcester 4s
25,000 Old Colonv 4s
7,000 Portland Terminal 4s
6,000 St. Paul Eastern Grand
field
Public Funds, Notes
$2,000 Athol 4s
3,000 Dana 434 s
9,000 Dana 5s
9,000 Revere 434 s
Railroad Bonds
Baltimore & Ohio 4s
$25,000
50,000
25,000
20,000
20,000
25,000
40,000
25,000
9,000
15,000
Baltimore
Baltimore
&
Ohio, 43^s
& Ohio 5s
Bangor & Aroostook 5s
Beech Creek 4s
Boston & Albanv 4s
Boston & Albanv 5s
Boston & Maine 434s
Cent, of Georgia 5s
Chicago, Milwaukee &
Puget Sound 4s
25,000 Chi., Mi. & St. Paul 4s
13,000 Chi. & Northwestern 5s
25,000 Chi. & Northwestern 6s
50,000 Chi., R. I. & Pac. 4s
30,000 Chi., St. Paul, Minn. &
Omaha
Par Value
6s
Trunk
434~s
40,000 St. P., Minn.
& Man.
Street Railway Bonds
Boston Elevated 434s
Boston Elevated 5s
Boston Elevated 6s
Eastern Mass. 434a
Lynn & Boston 5s
$35,000
10,000
20,000
45,000
25,000
6s
$5,000 West End 434s
50,000 West End 6s
15,000 West End 634s
30,000 Wore. Consolidated
4H»
Boston Terminal Co. Bonds
$90,000 Boston Terminal 334s
Telephone Company Bonds
$90,000 Am. Tel. & Tel. Co. 4s
30,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$25,000 N. B. Gas
&
Ed. Lt. Co.
5s
3,000 N. B. Gas & Ed. Lt. Co.
6s
75,000 N. E. Power Co. 5s
6,000 Pittsfield Elec. 6a
Bank Stocks
Shs.
18 Athol National Bk.
102 Millers River Nl. Bk., Athol
10 Eliot Nl. Bk., Boston, in lirj.
50 First Nat'l Bk., Boston
25 Merchants Nl. Bk., Boston
350 Nl. Shawmut Bk., Boston
32 Second Nl. Bk.. Boston
11 First Nl. Bk., Greenfield
50 Springfield
120 Worcester
S.
D.
&
T. Co.
Bank & Trust Co.
AYER — NORTH MIDDLESEX SAVINGS BANK
Incorporated
Daniel
W.
March
5,
1885.
Number
of corporators,
30
Arthur M. Whitcomb, Treasurer.
Fletcher, President.
Howard
P. Fletcher, Clerk of the Corporation
Board of Trustees: T. W. Barry, t G. H. Bixbv, L. K. Clark, D. W. Fletcher,* H. P. Fletcher. C. A. P.
Lawrence, H. E. Mead, C. A. Normand, F. A. Patch,* O. K. Pierce,* G. B. Remick,* E. D. Stone,
Benjamin Taft, A. H. Turner,! H. B. White.*
Deposits draw interest from first day of each month: dividends are payable January 1 and July
ness hours: 8 a.m. to 11.30 a.m.; 12.30 to 3 p.m.; Saturdays, 8 a.m. to 1 p.m.
Board
of
Investment.
t Auditing
Committee.
1.
Busi-
—
P.
D.
8,
Part
11
I.
STATEMENT OF CONDITION, OCTOBER
1924
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
....
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Bank, building (est. ml.', $60,000)
Due from banks and trust com-
$508,021
229.S06
114,505
30,000
38,555
26
25
00
00
63
9,950
40,169
956,524
382,813
35,000
00
26
50
75
00
Deposits
.
.
average,
.
.
Christmas and other club deposits
Surplus:
$2,170,136 04
26,426 50
....
Guaranty fund (4-93% of de
a.
posits)
....
accounts,
(5,397
$402.10)
108,500
54,754
20,536
581
Profit and loss
Interest, less current expenses
b.
.
Discount unearned
00
84
12
25
34,787 64
801 46
panies
Cash
Total Assets
$2,380,934 75
Total Liabilities
$2,380,934 75
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Total
Other Expenses
$13,852.34
$2,850.09
1.19
5.81
4.00
Advertising
$6,700.00
$800.00
paid for
$3,502.25
Cost per $1,000 of assets
1.47
2.81
.34
Cost per $1,000 of assets not including State tax and rent
(Jross income received during the year, $121,679.85.
.
.
Rates on Investments and Loans (Average on
All,
5.29%)
459 real estate loans, averaging $2,083.93 (average rate, 6%); 6%, $956,525.
80 personal loans, averaging $4,785. 17, (average rate, 5.52%); 43^%, $25,000: 5%, $68,000;
5H%,
$55,500:
6%,
5M%,
$63,550;
$170,764.
stocks, etc. (average rate on amount invested, 4.50%).
Number of loans not over $3,000 each, 434, amounting to $549,978.
112 real estate loans made during year, amounting to $305,395.
Bonds,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2J4%
2K%
....
$45,183 62
46,634 34
473,506 64
during year, 6,253, amounting to (accounts opened 580)
$565,324 60
495,229 38
withdrawals during year, 4,351, amounting to (accounts closed 592)
Net increase
in
amount due depositors (accounts decreased
$70,095 22
12)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$341,000 United States 4 Ms
13,000 Nortbbridge 5s
Public Funds, Notes
Acton 4^s
Acton 4J^s
Acton 6s
Ayer 4s
Ayer 4^s
1,000 Ayer 5s
4,000 Ayer 6s
2,000 Groton 4s
3,000 Harvard 5s
4,000 Harvard 5^s
$6,250
8,000
5,000
6,000
52,000
36,000
2,000
19,700
7,500
1,500
Littleton
4^3
Templeton 5s
Shirley (Vil. W. D.)3^s
Shirley 4^s
So. Acton (W.S.D.)
W.&
4J^s
Railroad Bonds
$5,000 Baltimore & Ohio 4s
15,000 Baltimore & Ohio 4'^s
Par Value
$10,000 Bangor
10,000 Boston
5,000 Boston
5,000 Boston
15,000 Boston
5,000
& Aroostook 5s
& Albanv 3Hs
& Lowell 4s
& Maine 4s
& Maine 43^3
Boston, R. B. & Lynn
4Hs
C, B. & Q. 3Ms
C, B. & Q. 4s
12,000
10,000
18,000
10,000
10,000
10,000
20,000
10,000
Fitchburg 4s
Fitchburg 5s
Illinois Central 3s
Illinois Central 33^s
Illinois Central 4s
Mil., Lake Shore & West.
10,000
10,000
5,000
30,000
6,000
5,000
N. Y. C. & H. R. 3J^s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3]^s
N. Y., N. H. & H. 4s
Old Colony 4s
Wore, Nash. & Roch. 4s
Street Railway Bonds
$30,000 Boston Elevated 4s
15,000 Boston Elevated 4^3
15,000 Boston Elevated 5s
Par Value
$10,000 Boston Elevated
6s
10,000 Eastern Mass. 4^s
9,000 Fitchburg & Leom. 7s
15,000 West End 4s
10,000 West End 6J4s
5,000 Wore. Consolid'd 4^s
Boston Terminal Co. Bonds
$35,000 Boston Terminal
Sy2 a
Telephone Company Bonds
$31,000 Am. Tel. & Tel. Co. 4s
10,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 N. E. Power Co. 5s
Bank Stocks
Shs.
40 First Nl. Bk., Ayer
10
10
10
135
40
Commprcial Nl. Bk., Boston
Eliot Nl. Bk., Boston, in liq.
Merchants Nl. Bk., Boston
Nl. Shawmut Bk., Boston
Merchants Nl. Bk., Wore.
—
P. D. 8, Part
12
BALDWINVILLE — TEMPLETON SAVINGS BANK
Incorporated April
19, 1X71.
Number
of corporators,
John E. Murphy, President.
I.
30
George
S. Stone, Treasurer.
Carlton A. Fletcher, Clerk of the Corporation
Board of Trustees: W. P. Abbott, E. L. Bowker, A. A. Bronsdon,* C. A. Fletcher, G. H. Hadley, L. N.
Hadlev.t W. P. Hawley,* F. L. Hopkins, F. L. Hosmer,*t F. E. Johnson, H. L. Leland, J. E. Murphv,*
C. W. Nichols, D. M. O'Leary, R. H. Recd,*1 \V. F. Robie, G. S. Stone, A. L. Stuart, T. J. Symons,*
Gilman Waite, J. H. Waite.
Deposits draw interest from
day of each month; dividends are payable January 15 and July 15.
Business hours: 9 a.m. to 2 p.m.
first
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Liabilities
$13,316
146,571
20,377
11,194
10,000
425,913
29,998
10,000
400
.
.
Bank
building (est. vol., 815,000)
Furniture and fixtures
Real estate in possession (assessed
calue, $150)
Taxes, insurance, etc., paid on mort
gaged properties
66
25
50
00
00
35
97
00
00
Deposits
accounts,
(1,421
average,
$U0.si)
Christmas and other club deposits
Surplus:
.....
....
Guaranty fund (4-88% of
o.
$625,679 57
9,395 50
.
posits)
de-
31,000 00
12,137 09
Profit and loss
Interest, rents, less current expenses
b.
8,981 40
100 00
... com
Due from banks and
31, 1924
35
1
trust
panics
16.338 69
2,981 79
Cash
Total Assets
Total Liabilities
$687,193 56
$687,193 56
Total Expenses for tbe Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
$25.70
.
3.96
Rates on Investments and Loans (Average on
All,
190 real estate loaiis, averaging $2,241.65 (average rate, 6.09%: 6%, $384,313;
65 personal loans, averaging 461.52 (average rate. 6.65%;; 5%, $1,500;
7%,
$16,013.
(average rate on
stocks, etc.
Number
amount
$3,812.94
5 55
$1,017.22
1.48
04
.
Bonds,
Total
Advertising Other Expenses
Rent
paid for
$300.00
$795.02
$1,675.00
Cost per $1 ,000 of assets
2 44
1.16
.43
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $39,164.84.
5.79%)
6%
$10,000; 7%. $31,600.
$2,2S6; 6M%. $10,200;
invested, 5.03%).
amounting to $183,212.32.
amounting to $64, ION.
of loans not over $3,000 each, 201,
33 real estate loans
made during
year,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
214%
$13,240 13
13,648 55
108,427 87
2M%
Number
of deposits
Number
of
July, 1924,
during year, 1,663, amounting to (accounts opened 158)
$135,316 55
119.507 88
withdrawals during year, 1,102, amounting to (accounts closed 140)
Net increase
in
amount due depositors (accounts increased
$15,808 67
18)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$4,000 U. S. Treas. Notes 4%s
Public Funds, Notes
$9,317 Templeton 4s
$5,000
10,000
5,000
11,000
5,000
5,000
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4Hs
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Bennington& Rutl'd 4H»
Boston & Albany 5s
*
Board
of
Investment.
Telephone Company Bonds
Par Value
$5,000 Boston
10,000 Boston
& Maine 4s
& Maine 4Hs
Chi., Mil. & St. P. 4^s
Chi. & Northwestern 6s
N. Y. C. & H. R. 4s
25,000
5,000
5,000
5,000 No. Maine Seaport 5s
5,000 No. Pacific 6s
50,000 Old Colony 4s
Street Railway
Bonds
$8,000 Boston Elevated 5s
10,000 Eastern Mass. 4^3
5,000 West End 5s
Par Value
$12,000
Am.
Tel.
&
Tel. Co. 5s
Bank Stocks
Shs.
12 Millers River Nl. Bk., Athol
10 Nl. Rockland Bk., Boston
5 Webster & Atlas Nl. Bk.,
Boston
17 Fitchburg Bank & Trust Co.
12 First Nl. Bk., Gardner
30 Oranae Nl. Bk.
14 First Nl. Bk.. Winchendon
t Auditing Committee.
—
P. D.
8,
Part
13
I.
BARRE — BARRE SAVINGS BANK
Incorporated
May
1,
1869.
Number
of corporators,
40
Maude
Charles H. Follansby, President.
B. Hancock, Treasurer.
C. H. Swan, Clerk of the Corporation
Board of Trustees: A. F. Adams, C. F. Atwood, J. C. Bartholomew, *f W. S. Bates, C. H. Follansby,*
C. A. Gleason, M. B. Hancock, L. M. HanfT, G. N. Harwood* F. J. Holman, E. B. Johnson,* M. H.
Paull.f G. F. Rice, J. L. Smith,! C. H. Swan, A. G. Williams,* R. G. Williams.
Deposits draw interest from the fifteenth day of January April, July and October; dividends are payable
January 15 and July 15. Business hours: 9 a.m. to 12 m.; 1 to 3 p.m.; Saturdays, 9 a.m. to 12 m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$362,846
203,677
73,229
23,912
21,693
.
Telephone company bonds
trust company stocks
Loans on real estate
Loans on personal security
Bank building (est. vat, $10,000)
Furniture and fixtures
Due from banks and trust com
Bank and
3,425
1,202,416
21,844
3,900
100
31, 1924
Liabilities
Deposits (2,764 accounts, average.
80
50
00
50
75
00
00
00
00
00
$\ 761.615 74
$637.34)
Surplus:
....
....
Guaranty fund {4-92%
a.
posits)
.
of de-
Profit and loss
Interest, less current expenses
b.
86,700 (JO
93,309 02
and
taxes
12,220 50
36,339 21
461 59
panies
Cash and cash items
Total Assets
Total Liabilities
$1,953,845 35
$1,953,845 35
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
$250.00
$1,086.12
$2,350.00
paid for
1 .20
.13
.56
Cost per $1,000 of assets
State
tax
rent
and
Cost per $1,000 of assets not including
Gross income received during the year, $100,706.24.
Total
$2,124.14
1.08
.
$5,810.26
2.97
2.28
Rates on Investments and Loans (Average on
All,
5.46%)
265 real estate loans, averaging $4,537.41 (average rate, 6%); 6%, $1,202,416.
20 personal loans, averaging $1,092.20 (average rate, 5.95%); 5M%, $2,155; 6%, $19,689.
Bonds, Mocks, etc. (average rate on amount invested, 4.50%).
Number of loans not over $3,000 each, 217, amounting to $229,719.
52 real estate loans made during year, amounting to $186,525.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits
Number
of
Net
214%
%
$39,632 74
41,494 58
243,721 56
July, 1924, 2}/2
during year, 2,107, amounting to (accounts opened 260)
.
.
$324,848 88
201,784 16
withdrawals during year, 1,477, amounting to (accounts closed 162)
increase in
amount due
depositors (accounts increased 98)
$123,064 72
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$320,000 United States 4^s
25,000
8,000
10,000
10,000
Lowell
4^s
4^s
Deerfield
North Easton, 4^s
Kittery, Me. (W. D.), 5s
Railroad Bonds
Boston & Maine 4s
Boston & Maine 4^s
$15,000
10,000
5,000
10,000
30,000
C,
B.
&
Q. 4s
Fitchburg 4s
Illinois Central 3s
*
Board
of
Investment.
Par Value
Par Value
$10,000
5,000
10,000
30,000
50,000
36,000
15,000
Illinois
$10,000 West End 4^s
10,000 Wore. Consolidated 5s
Central 4s
Lime Rock 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 3s
St. J.
&
Boston Terminal Co. Bonds
$25,000 Boston Terminal
L. C. 5s
$24,000
Street Railway Bonds
$20,000 Boston Elevated 4Ms
20,000 Boston Elevated 5s
5,000 Fitchburg & Leom. 7s
10,000
3y2 s
Telephone Company Bonds
Am.
Tel.
&
Tel. Co. 4s
Bank Stocks
Shs.
25 Eliot Nl. Bk., Boston, in
34 Second Nl. Bk., Boston
West End 4s
t
Auditing Committee.
liq.
—
14
P. D. 8, Part
BELMONT — BELMONT SAVINGS BANK
Incorporated March
Francis
II.
5,
Number
1885.
I.
of corporators, 16
Kendall, President.
Royal T. Brodrick, Treasurer.
C. Oliver Wellington, Clerk of the Corporation
of Trustees: N. H. Atkins, f II. IT. Baldwin, f R. T. Brodrick, Nathan Cheney, Frederic Dodge *
A. W. Fletcher, J. E. Frenning, S. T. Gano,* F. H. Kendall,* I. H. Locke,* C. J. McGinnia * S f)
Robbins, C. H. Roper, C. W. Sherman, t W. .1. Underwood, C. O. Wellington.
Board
Deposits draw interest from the fifteenth day of each month; dividends are payable the fourth Wednesday
of January and July.
Business hours: 3 to 5.30 p.m.; also Wednesdays, 7 to s p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Federal Land Bank bonds
Bank and trust company stocks
.
.
.
.
.
.
.
Securities acquired for debts
Loans on real estate (less $3,000
.
due thereon)
Loans on personal security
Due from banks and trust com.
.
Total Assets
.
.
.
....
50
75
75
33,375
5,000
12,108
110
00
00
00
00
Deposits (3,588 accounts, average,
$326.62)
13
Christmas and other club deposits
.
$1,171,912 13
15,768 50
Surplus:
Guaranty fund (3.73%
posits)
of de-
.
.
.
Profit and loss
Interest, less current expenses
b.
.
.
.
.
.
.
44,325 00
23,481 43
17,146 12
758,075 00
35,100 00
panies
Cash and cash items
$137,167
207,217
49,943
11,863
a.
.
.
1924
Liabilities
.
.
31,
17,241 14
4,831 91
Total Liabilities
$1,272,633 18
$1,272,633 18
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
$256.50
$1,156.06
$1,396.50
$2,774.00
$600.00
paid for
1.10
2.18
.47
Cost per $1,000 of assets
State
tax
including
and
rent
assets
not
Cost per $1,000 of
Gross income received during the year, $66,654.91.
.
3 29
Rates on Investments and Loans (Average on
191 real estate loans, averaging $3,972.12 (average rate, 6%);
4 personal loans, averaging $8,775 (average rate, 5%); 4
All,
5.51%)
6%, $758,675.
$15,000; 5%, $100;
A%,
l
Total
$6,183.06
4.86
.20
534%, $10,000;
5
$10,000.
(average rate on amount invested 4.74%).
Number of loans not over $3,000 each, 72, amounting to $115,575.
28 real estate loans made during year, amounting to $131,100.
Bonds,
stocks, etc.
Dividends, Deposits and Withdrawals
l
Ordinary dividends declared during year: Jan., 1924, 2 /i%
July, 1924,
Number
of deposits during year, 4,610,
Number
of
Net
amounting
2M%
to
withdrawals during year, 1,898, amounting
increase in
*
Board
to (accounts closed 363)
amount due depositors (accounts increased
of
Investment.
$23,728 81
24,831 86
253,960 01
•
(accounts opened 392)
$302,520 68
219,873 22
$82,647
29)
t
Auditing Committee.
4(>
—
P.
D.
8,
Part
I
15
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$106,300 United States 4^s
10,000 U. S. Treas. Notes 4J/£s
10,000 U. S. Treas. Notes 4%s
2,000 Belmont 4J^s
6,000 Brockton 4^s
7,000
Waltham 5^s
Railroad Bonds
& Albany 4s
& Maine 4s
& Maine 4^s
& Q. 4s
Boston
Boston
Boston
C,
B.
Chi. & Northwestern 4s
Chi. & Northwestern 6s
Fitchburg 4s
Fitchburg 5s
Harlem Riv. & Pt. Cn. 4s
Illinois
Illinois
Central 3J^s
Central 4s
Telephone Company Bonds
Mich. So.
«fe
4s
5,000
3,000
Par Value
$10,000 Am. Tel. & Tel. Co. 4s
3,000 N. E. Tel. & Tel. Co. 5s
Maine Central 4^s
Me. Cent., E. & N.
Am. 4s
5,000 Minn., St. P.
M.
10,000
10,000
25,000
10,000
10,000
10,000
5,000
§10,000 Baltimore & Ohio 4J^s
5,000 Boston & Albany 3J^s
15,000
28,000
3,000
5,000
20,000
5,000
8,000
7,000
10,000
5,000
8,000
Par Value
$5,000 Lake Shore
&
S. Ste.
Gas, Electric and Water
$15,000 N. B. Gas
West End
West End
&
Ed. Lt. Co.
6^s
10,000 N. E. Power Co. 5s
5,000 Turners Falls P. & Lt.
Co. 5s
5,000 Wore. Gas. Lt. Co.
5^9
Federal Land Bank Bonds
$1,000 Baltimore, Md., 5s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 43^s
Boston Elevated 5s
Eastern Mass. 4Ks
$13,000
7,000
10,000
5,000
5,000
8,000
3,000
Com-
pany Bonds
5s
N. Y. C. & H. P. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Pacific 5s
No. Pacific 6s
Old Colony 4s
Pennsylvania 5s
4,000 Wichita, Kansas, 5s
Bank Stocks
4s
Shs.
30 Beacon Trust Co., Boston
20 Nl. Shawmut Bk., Boston
5s
Wore. Consolidated 4^s
BEVERLY — BEVERLY SAVINGS BANK
Incorporated February 23, 1867.
Number
Roland W. Boyden, President.
A. Scott Fraser, Clerk of the Corporation.
of corporators, 81
Arthur K. Story, Treasurer.
Thomas H. Bott, Jr., Assistant Treasurer.
H
of Trustees: R. C. Allen, L. P. Baker, Albert Boyden, R. W. Bovden,* H. P. Brett,* W.
Cann
A. K. Creesy, H. E. Durgin,* A. A. Forness,* A. S. Fraser, E. E. Gay, J. H. Girdler.f F. P. Haskell'
M. Murney, J. H. Newell, C. E. Ober.f C. L. Odell.t Robert Robertson,*! G. L.'
Southwick, L. P. Stanton, f Frank Woodberry, H. W. Woodberry, R. P. Woodbury.
Board
J. F. Hill, J.
Deposits draw interest from the fifteenth day of each month; dividends are payable April 15 and October
15.
Business hours: 8.30 a.m. to 1.30 p.m.; Wednesdays, 8.30 a.m. to 12.15 p.m.; also Saturday
evenings, for deposits only, 6.30 to S.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Securities acquired for debts
Loans on real estate (less $73,990
due thereon)
Loans on personal security
Bank building (est. val., $80,000)
Due from banks and trust com
31,
1924
Liabilities
$1,800,528
918,643
253,525
26,145
108,996
26
83
00
00
25
Deposits (13,531 accounts, average,
$422.96)
Christmas and other club deposits
a.
Guaranty fund (4.98% of
.
$5,723,006 90
26,007 00
de-
....
posits)
69,087 50
344,896 25
1,055 00
.
Surplus:
286,101 88
223,566 41
31,319 50
Profit and loss
Interest, less current expenses
b.
2,365,644 00
270,860 00
60,000 00
66,375 94
4,244 66
panies
Cash
Total Assets
$6,290,001 69
Total Liabilities
$6,290,001 69
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$7,645.82 $10,S23.96 $1,500.00
1.22
1.72
Cost per $1,000 of assets
.24
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $326,134.03.
.
.
*
Board
of
Investment.
Advertising Other Expenses
$969.36
$5,298.36
.15
.84
f
Auditing Committee.
Total
$26,237.50
4.17
2.71
16
P. D. 8, Part
Rates on Investments and Loans (Average on
768
loans, averaging
real estaU
S3.080.27
(average rate
All,
I.
5.37%)
5V2 %,
5.76%); 5%, $52,982;
$1,017,299,6%,
$1,295,362.
46 personal loans, averaging $5,888.26 (average rate, 5.21%)
$97,400;
5H7o, $53,360; 6%, $20,100.
4M%,
$25,000;
5%,
$75,000;
5J*%,
stocks, etc. (average rate on amount invested, 5.12%).
Number of loans not over $3,000 each, 554, amounting to $804,604.50
96 real estate loans made during year, amounting to $517,500.
Bonds,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 22,748,
Number
of
1924,
2%%
2H%
$120,952 89
122,689 88
1,060,700 57
amounting to (accounts opened 1,431)
$1,304,343 34
1,114,167 20
withdrawals during year, 10,814, amounting to (accounts closed 1,137)
Net increase
in
amount due depositors (accounts increased
294)
$190,176 14
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$40,000 U. S. Treas. Notes 4^s
162,500 U. S. Treas. Notes 4%s
1,215,000 United States 4J4s
155,000 U. S. Treas. Bonds 4Ms
20,000 Washington 6s
10,000 Boston 4s
20,000
10,000
67,000
5,000
10,000
2,000
5.000
31,000
3,000
4,000
15,000
8,000
10,000
10,000
7,500
15,000
9,000
16,000
Cleveland, O., 5^3
Fall River 4s
Fall River 4^3
Fall River 5J£s
Hammond,
Ind., 6s
Lawrence 4s
Lorain, O., 6s
Lowell 4Ms
Meriden, Conn., 4s
New Bedford 4}£s
New
New
Bedford 5s
Bedford 5Ms
Quincv 4s
San Fran.,
So.
Cal.,
4^s
Omaha, Neb., 5>£s
Youngstown, O., 6s
Concord 5Ms
Swampscott 4Ms
Public Funds, Notes
$26,775 Newburvport
6,000 Reading 6s
Par Value
$25,000
25,000
25,000
25.000
10,000
Par Value
& Albany 5s
& Lowell 5s
& Maine 4s
& Maine 4J/£s
Boston, JR. B. & Lvnn
4Hs
C, B. & Q. 33^s
C, B. & Q. 4s
Chi., Mil. & St. P. 434s
Chi., Mil. & St. Paul 5s
Chi. & Northwestern 4s
Chi. & Northwestern 6s
Fitchburg 4^s
Boston
Boston
Boston
Boston
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore <fc Ohio 4s
Baltimore & Ohio4J^s
Baltimore & Ohio 5s
So. Shore
&
Boston 6s
West End 5s
West End 6}4s
Western Mass. 5s
Wore. Consolid'd 4H»
Wore. & Southb. 4Hs
26,000
35,000
75,000
20,000
25,000
40,000
25,000
131,000 Illinois Central 4s
30,000 Ind., Illinois & Iowa 4s
70,000 Lake Shore & Mich.,
So. 4s
45,000 Louisville & Nash. 5s
25,000 Louisville & Nash. 6s
25,000 Michigan Central 3^3
25,000 Minn., St. P. & Sault
St., Marie 4s
50,000 N. Y. C. & H. R. 4s
N.
Y., N. H. & H. 4s
75,000
25,000 No. Pacific 4^s
5,000 Old Colonv 4s
25,000 Portland term. Co. 4s
21,000 St. P. Minn. & Man. 4s
Gas, Electric and Water
Street Railway Bonds
$50,000 Boston Elevated 5s
10,000 Boston Elevated 5^3
12,000 Boston Elevated 6s
55,000 Eastern Mass. 4^s
30,000 Holvoke 5s
30,000 Lynn & Boston 6s
332
38
750
710
328
32
4^s
$25,000
20,000
70,000
10,000
$10,000
15,000
20,000
15,000
25,000
15,000
Boston Terminal Co. Bonds
$30,000 Boston Terminal 3£s
Telephone Company Bonds
$119,000 Am. Tel. & Tel. Co. 4s
4,000 N. E. Tel. & Tel. Co. 5s
Com-
pany Bonds
$1,000
10,000
1,000
50,000
3,000
5,000
Dedham & H.
P. O.
&
E. Co. 6s
East. Mass. El. Co. 6s
N.B.G.&Ed.Lt.Co.53
N. E. Power Co. 5s
Co. 6s
Spencer Gas Lt. Co. 5s
Pittsfield El. Lt.
Bank Stocks
Shs.
Beverly Nl. Bk.
American Trust Co., Boston
First Nl. Bk., Boston
Nl. Shawmut Bk.. Boston
Old Colonv Tr. Co., Boston
Second Nl. Bk., Boston
IS Nl. Grand Bk., Marblehead
BOSTON — BLACKSTONE SAVINGS BANK
26
WASHINGTON STREET
Incorporated April 23, 1901.
Elmer E. Gray, President.
John F. Turner, Clerk of the Corporation.
Number
of corporators,
42
Arthur E. Roberts, Treasurer.
Bertha M. Robbins, Assistant Treasurer.
Board of Trustees: A. F. Bemis,* W. E. Clark, E. N. Eames.f A. W. Flint, t L. A. Frothingham, E. E.
Gray,* J. C. Heyer, C. P. Howard,* D. A. Lourie, A. J. Lvman, John O'Hare,* A. E. Roberts, H. H.
Savage,* J. F. Turner.f H. A. Wadlin, J. E. Welch,* C. A. Wilcox, B. S. Wiley.
Deposits draw interest from the twenty -first day of each month; dividends are payable April 25 and
October 25. Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 1 p.m.; also Mondays from 3 to
5 p.m., for deposits only.
*
Board
of
Investment.
t
Auditing Committee.
—
P. D.
8,
Part
17
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
8301,807
238,994
36,900
17,075
43,322
Telephone company bonds
Gas, electric and water eon
bonds
Loans on real estate
Loans on personal security
Furniture and fixtures
Due from banks and trust
....
00
00
50
14,987 50
1,568,450 00
119,300 00
Liabilities
Deposits (3,082 accounts, average,
$745.21)
$2,296,752 52
Surplus:
Guaranty fund (,2.85%
a.
of de-
....
posits)
b. Profit and loss
Interest, less current expenses
65,374 78
61,139 32
1,945 27
.
850 00
....
panies
01
24
31,1924
78,033 12
5,492 52
Cash and cash items
Total Assets
Total Liabilities
$2,425,211 89
$2,425,211 89
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising Other Expenses
$1,574.80
$8,245.00
$2,340.53
$2,266.68
paid for
.97
3.40
93
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and ren
Gross income received during the year, $135,560.61.
.
Rates on Investments and Loans (Average on
456
10
Total
$17,739.81
7.32
5.42
83,312.80
1.37
.65
All,
5.71%)
,
real estate loans, averaging $3,439.58 (average rate, 6.29% >; 6%, $648,950:
personal loans, averaging $11,930 (average rate, 4.67%); 4M%>, $73,000;
63^%, $919,500.
$15,000; 5%, $30,000;
4%%,
5H%,
$1,300.
stock*, etc. (average rate on amount invested, 4.50%).
Number of loans not over $3,000 each, 203, amounting to $432,000.
79 real estate loans made during the year, amounting to $344,150.
Bonds,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: April, 1924,
Oct.,
Number
of deposit?
Number
of
234%
$49,319 76
49,837 56
421,804 04
1924,234%
during year, 3,476, amounting to (accounts opened 340)
$520,961 36
468,883 53
withdrawals during year, 2,270, amounting to (accounts closed 359)
Net increase
in
amount due depositors (accounts decreased
19)
$52,077 S3-
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$20,000 U. S. Treas. Bonds 434s
25,000 U. S. Treas. Bonds 4>^s
25,000 II. S. Treas. Bonds 4%s
240,000 United States 434s
$29,000
5,000
5,000
10,000
12,000
5,000
2,000
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4Ms
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Maine 4s
Boston <fc Maine 4J/£s
C,
B.
&
Q. 3 As
l
Par Value
$10,000 C, B. & Q. 4s
15,000 Chi., Mil. & St. Paul 4s
7,000 Chi., Mil. A- St. Paul 43^s
10,000 Fitchburg 4s
7.000 Fitchburg 5s
10,000 Illinois Central 33^s
20,000 Illinois Central 4s
5,000 Louisville & Nashville 6s
10,000 Maine Central 5s
5,000 Mil. & Northern 43^s
23,000 N. Y. C. & H. R. 4s
10,000 N. Y. C. & H. R. 5s
28,000 N. Y., N. H. & H. 3^s
10,000 No. Maine Seaport 5s
5,000 Pennsylvania 43^s
15,000 So. Pacific 4s
Street Railway
Bonds
Par Value
$22,000 Boston Elevated 43^s
6,000 Springfield & Eastern 7s
10,000
West End
5s
Boston Terminal Co. Bonds
$20,000 Boston Terminal
3^8
Telephone Company Bonds
$47,000 Am. Tel. & Tel. Co. 4s
Gas, Electric and Water
pany Bonds
Com-
$15,000 N. E. Power Co. 5s
—
18
P. D. 8, Part
BOSTON — BOSTON FIVE CENTS SAVINGS BANK
1
PROVINCE STREET
Incorporated April
Wilmot H
Albert
M. Lyon.
Number
L854.
of corporators. 47
jOSeph C. Holmes, Treasurer.
Clerk of the Corporation
Harry
Board of Trustees: W.
W
F 'A
7,
E vansPresident.
.
h
Merrill
S.
R
I.
Van Huysen,
W. Burden,
Barker, E.
^*Vif
C H l£
Small. Assistant Treasurer
W
A. B. Chapin,* F. A. Davenport
Lvcm.t F. C. MoDnffi,'* E.' a!
Holmes. A.
"
W.
Alfred
Assistant Treasurer.
M
R Evans*
McLaJghSn,
Deposits draw interest from fifteenth day of each month: dividends are payable Wil
15 and October 15
Business hour- 9 a.m. to 2 p.m., also Saturdays, for deposits only, 3 to 5 and 6 to S
p.m.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Public funds, bonds an'l notes
Railroad bonds and notes
Street railway bonds
.
$30,477,012
3,915,500
435,000
553,575
554,801
.
Telephone company bonds
Bank and trust company stocks
Loans on real estate (less $459,000
due theredn)
L,.ans on personal security
....
panies
.
1,724,848 19
104,468 02
.
Total Assets
Deposits
(185,125 accounts, aver-
age, $397.16)
Christmas and other club deposits
.
Surplus:
Guaranty fund <4.9S%
a.
.
.
Profit and loss
Interest, rents, less current expenses,
b.
\
873,524,745 51
226,558 50
of de-
....
posits)
.
.
03
00
00
00
00
32,135,390 00
9,505,382 00
835,564 28
Bank building (est. vol., $1,840,000)
Due from banks and trust comCash and cash items
1924
Liabilities
3,674,893 59
2,460,996 51
~
V.4
>>*,>to+i
346 41
j
$80,241,540 52
Total Liabilities
$80,241,540 52
Total Expenses for the Year, including State Taxes
State
-Amount Paid
Tax
(Net)
Rent
Salaries
for
.$64,388.84
$148,559.13
$29,099.99
$1,000 of a*wt*
.80
1.85
.36
$1,000 of assets not including State tax and rent
.
Cost per
Cost per
"Gross income received during the year, $3,949,312.60.
.
Advertising Other Expenses
Total
$5,941.83
$50,497.00
$298,487 39
.07
.63
3.71
2.55
Rates on Investments and Loans (Average on
All,
5.02%)
eraging $20,507.58 (average rate, 5.53%); 4%, $50,000; 4^%, $30,000; VA%,
$410,000; 5%, $6,594,870; b\i%, $5,557,000; b%%, $902,500; 5K>%, $6,099,250; 5 V,', $215,000;
6%, $12,168,770: 6^%, $108,000.
422 personal loam, averaging $22,524.60 (average rate, 5.05%); 4 A%, $798,000; i%%, $377,800; 5%,
$4,411,531; i>X%, $3,909,800; 5>^%, $8,250; 6%, $1.00.
Bonds, Stocks, etc. (average rate on amount invested, 4.56%).
Number of loans not over $3,000 each, 827, amounting to $1,339,581.
263 real estate loans made during year, amounting to $8,621,175.
1,567
real estate loans, u\
l
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: April, 1924,
Oct.,
Number
of deposits during year, 227,405,
Number
of
Net
2K%
1924, 21^%,
to (accounts opened 10,768)
amounting
withdrawals during year, 143,156, amounting to (accounts closed 14,184)
increase in
*
Board
amount due depositors (accounts decreased
of Investment.
.
.
.
....
3,416)
t
$1,528,644 31
1,559,708 19
17,338,707 17
$20,427,059 67
16,925, 12S 76
$3,501,93091
Auditing Committee.
P.
D.
8,
Part
1
I.
!-
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Par Value
$2,000,000 U.S.Treas. Notes 43^9
4,250,000 U.S.Treas Notes
17,000,000
1,869,000
42,000
395,000
100,000
200,000
200,000
500,000
5,000
28,000
2,000
65,000
1,250,000
128,000
50,000
10,000
200,000
40,500
25,000
40,000
97,000
140,000
45,000
12,000
50,000
24,000
45,000
2,000
60,000
105,000
100,000
60,000
127,000
80,000
100,000
6,000
1,000
5,000
62,000
50,000
15,000
90,000
136,000
3,000
4%s
|
United States 43^9
Massachusetts 4s
Massachusetts 4^s
Massachusetts 43^9
Michigan 5s
Michigan 5J/£s
Michigan 5Ms
New York, 43^9
Barnstable Co. 4s
Essex Co. 4s
Hampden Co. 4s
Middlesex Co. 4>£s
Boston 4s
Boston 4 34 9
l
Boston A /
2s
Brockton 4s
Buffalo, N. Y., 4^s
Cambridge 4s
Chelsea 4s
Cleveland, O.. 5^s
Fall River 4s
Fall River 4Ms
Fall River 5s
Fitchbunr 4s
Gardner
4^9
Lowell
Lvnn
N.Y 4^9
Rochester,
Salem 4s
Waltham
4s
Andover 4s
Athol 4s
4^s
4s
Maiden. 43
Marlborough 4s
Medford 4s
Brookline 4s
Framingham
Newburvport 4s
Newport, R. I., 43^s
Peabodv 4%s
New England 4s
Harlem R. & Pt. Ches. 4*
New York & North. 5s
Old Colony 4s
Old Colony 5^s
St. P., Minn. & Man. 43^3
St. P., Minn. & Man. 6s"
Spokane Falls & North. 6s
Willmar
&
Sioux Falls 5a
Milford 4s
No. Andover 4s
Telephone Company Bonds
$400,000 Am. Tel. & Tel. Co. 4s
Pepperell 4s
Revere 4s
Rockland 4s
Wakefield
200,000 N. E. Tel.
4%s
Winthrop 4s
Winthrop 434s
Co. 5s
4"0 American Tr. Co., Boston
78 Security Nl. Bk., Boston (in
liquidation)
1,000 First Nl. Bk., Boston
61 Atl. Nl. Rk., Boston
493 Merchants Nl. Bk.. Boston
200 XL Rockland Bk., Boston
800 Nl. Shawmut Bk., Boston
50 Nl. Union Bk., Boston
600 Old Colonv Tr. Co., Boston
1,000 Second Nl. Bk., Boston
133 Webster & Atlas Nl. Bk.,
Boston
25
Menotony
C,
Tr. Co.. Arling-
ton
&
200 Everett Nl. Bk., Everett
40 First Nl. Bk., Maiden
50 First Nl. Bk., Marlboro
111 Blue Hill Nl. Bk., Milton
200 Third Nl. Bk., Springfield
135 Merchants Nl. Bk., Wor'ter
1
ley
& Tel.
Bank Stocks
g^ s
200 ,000 Fitchburg 4 £s
106 ,000 Fre., Elk. & Mo. Val-
Pittsfield 4s
Pittsfield 4j^s
B.
5s
6s
Street Railway Bonds
$235,000 Boston Elevated 4s
200,000 Boston Elevated 4*8
4s
Marblehead 4s
Marion 43^9
B. Q. 4s
,000 Chi., St. Paul, Minn.
O. 6s
125 ,000 Fitchburg 4s
Melrose 4s
New Bedford 4s
&
Montana Central
Montana Central
Belmont 4s
Railroad Bonds
Boston & Albany 4s
Boston & Albany 5s
Boston & Loweli 4s
Boston & Lowell 43^3
Boston & Maine 4s
Boston & Maine 4^3
$250 ,000
70 ,000
500 ,000
100 ,000
350 ,000
250 ,000
200 ,000
50,000
150,000
100,000
100,000
46,000
600,000
250,000
150,000
80,000
20,000
100,000
Worcester 4s
$1,000 Agawam 4s
8,800 Hudson 3.80%
5s
Par Value
$22,000 Mich. Cent.-D.
City 5s
Somerville 4 s
Springfield 4s
Springfield 43^s
St. Paul, Minn., 4}
Syracuse, N. Y. 4^9
Taunton 4s
Taunton 434s
Public Funds, Notes
Gloucester 4Haverhill 4s
Holvoke 4s
Holvoke 4^s
Holyoke 5s
Kansas City, Mo.,
Lawrence 5^s
$50,000
42,000
57,000
142,000
27,000
200,000
10,000
36,000
28,000
20,000
73,000
29,000
29,000
20,500
110,000
8,000
18,000
26,000
20,000
5,000
4,000
5,000
15,000
25,000
20,000
40,000
(is
BOSTON — BOSTON PENNY SAVINGS BANK
1365-1375
Incorporated
March
WASHINGTON STREET
9,
1861.
Number
of corporators,
54
Oliver H. Kent, Treasurer.
Frederick H. Briggs, President.
Herbert A. Rhoades, Assistant Treasurer.
Frank W. Easterbrook, Clerk of the Corporation.
Herbert G. Gill, Assistant Treasurer
of Trustees: F. \V. Bailey, C. L. Baird, F. H. Briggs,* J. F. Buerkel, F. H. Drisko*. W. H. Durkee,
F. W. Easterbrook, t W. B. Edgar, C. C. Ferris, J. H. Goodspeed, J. B. Hunter, E. B. Kellogg, O. H.
Kent, C. E. Lee,* H. M. Leland, L. A. Mooar, G. C. Morton,* W. S. Rollins, t L. H. Shepard.f F. A.
Board
Singleton,* C.
I.
Thayer.
Deposits draw interest from tenth day of each month; dividends are payable April 12 and October 12.
Bu3iness hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.
*
Board
of
Investment.
t Auditing
Committee.
—
,
20
P.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
8,
Part
I.
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Str*ct railway bonds
087,596 25
140,868 00
11,212 50
139,468
5
.
.
Boston Terminal Co. bonds
Teh phone company bonds
Loans on real estate (less $1,00(1
due thereon)
Loans on personal security
.
.
...
Deposits (28,492 accounts, averagt
.S143.256 00
.
$684.14)
Surplus:
]iusits)
....
.
iU
00
69
35
12
6 66
875,000
014,077
40,698
125,206
Profit and loss
Interest, less current expenses
b.
.
J18.067.895 42
Guaranty fund (4.84% of
a.
<
11,748,140
6,106,140
165,000
Bank building {est. val., $200,000)
Due from banks and trust companies
530,591
Cash and cash items
D.
1924
00
00
00
32
.
Discount unearned
other Liabilities
.
80,61142
.
Total Assets
Total Liabilities
$19,752,884 24
$19,752,884 24
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
Advertising
.$27,901.28
$60,444.29 $5,000.00
paid for
1.41
3.06
.25
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
received
during
the
year,
$1,126,308.67.
Gros« income
.
$5,994.88
Other Expenses
$16,4S5.88
.30
Total
8115,826.33
.84
4.20
Rates on Investments and Loans (Average on
All,
5.39%)
bV2 %, $120,000; 6%,
$73,500.
$11,413,640; 6
181 personal loans, averaging $33,735.58 (average rate, 4.39%); 3%, $200,000; 4%, $1,571,000; i}4%,
$666,000; 4%%, $75,000;
$190,000; 4M%, $1,635,000; 4%%, $25,000; i l
17,300;
4J4%, $25,000; 5%, $1,015,240; b%%, $400,000; 5H%, $5,000; 6%, $1,600.
Bonds, stocks, etc. (average rate on amount invested, 4.58%).
Number of loans not over $3,000 each, 76, amounting to $150,990.
36 real estate loans made during year, amounting to $1,401,700.
588
real estate loans,
5%,
averaging $19,979.82 (average rate, 5.99%);
$141,000;
A%,
l
A%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2%%
2M%
$381,331 77
385,302 78
4,468,885 61
during year, 60,177, amounting to (accounts opened 4,650)
$5,235,520 16
4,689,536 70
withdrawals during year, 42,179, amounting to (accounts closed 5,412)
Net increase
amount due depositors (accounts decreased
in
$545,983 40
762)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$51,100 United States 4)4s
50,000 Boston 3^8
10,000 Boston 4s
25,000 New Bedford Is
10,000
$25,000
25,000
27,000
25.000
Newton
j
'
4s
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 5s
Bangor A: Aroostook 5s
Boston & Albany 4s
326
Street Railway Bonds
Par Value
$75,000 Boston Elevated Is
25,000 Boston Elevated 5' js
25,000 Eastern Mass. 4^s
Par Value
$100,000 Boston & Maine 4s
50,000 C, B. & Q. 3i4s
75,000 Chi., Mil. & St. Paul 4
25,000 Chi. & Northwestern
25,000 Chi. & Northwestern
25,000 Fitchburg 4s
75,000 Illinois Central 3>^s
25,000 N. Y. C. & H. R. 4s
100,000 N. Y.
& H. R. 5s
10,000 N. Y., N. II. & H. 4s
50.000 No. Pacific 4 l 2 s
50,000 No. Pacific 5s
25.000 Pennsylvania 4V£s
25,000 West
End
4s
Boston Terminal Co. Bonds
C
$13,000 Boston Terminal 3>$s
/
Telephone Company Bonds
Am. Tel. £ Tel. Co. 4s
$150,000
BOSTON -BRIGHTON FIVE CENTS SAVINGS BANK
WASHINGTON STREET. BRANCH OFFICE 176 HARVARD AVENUE
Incorporated March 28, 1861.
Harry C. Fabyan,
Number
of corporator-, 57
Waller A. Lambert, Treasurer.
President.
Walter C. Warren, Clerk of
the Corporate
Board of Trustees: G. F. Bunker,* Francis Burke, H. C. Fabvan,* W. S. Fuller. t ('. E. Holman.t J. T.
Knowles, W. A. Lambert, Bernard Malone, G. H. McDermott, T. B. Munroe,* F. G. Newhall,*t
F. A. Norcross, N. S. Waite, B. \V. Warren, II. A. Wilson.*
Deposits draw interest from the first day of each month; dividends are payable January 10 and Jul\ 10.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m., and for deposits only, 7 to it p.m.; during
July and August, Fridays, for deposits only, 7 to 9 p.m
*
Board
of
Investment.
t Auditing
Committee.
—
P. D. 8, Part
21
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$1,060,743
606,858
24,500
129,803
100,324
.
Telephone Company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $28,898
due thereon)
Loans on personal security
Bank building
{est. vol.,
1924
$20,000)
Deposits (12,917 accounts, average,
$385.65)
Christmas and other club deposits
Surplus:
o. Guaranty fund {3.51% of de-
52
05
00
20
25
.
$4,981,394 79
192,947 00
181,500
180.399
91,224
590
posit*)
Profit and loss
Interest, less current expenses
25,900 00
6,815 00
b.
.
Discount unearned
.
00
39
89
98
3.035,282 77
489,090 00
10,000 00
.
estate by foreclosure, etc.
{assessed value, $2,200)
Due from banks and trust companies
Real
1,700 66
121,052 40
15,987 14
Cash and cash items
$5,628,057 05
Total Liabilities
$5,628,057 05
Total Assets
Total Expenses for the Year, including State Taxes
Salaries
Tax (Net)
Rent
$15,216.72 $1,550.00
$5,797.18
paid for
Cost per $1,000 of assets
1.03
2.70
.28
Coal per $1,000 of assets not including State tax and rent
Gross income received during the year, $283,102.43.
Advertising
State
Amount
$1,444.22
.
.20
Rates on Investments and Loans (Average on
705
estate
reed
loans, averaging $4,287.12 (average rate,
7%,
$2,935,283;
28 personal
5%,
5.35%)
5.99%); o A%, $60,000;
l
b%%,
6%,
$30,000;
$10,000.
loans, averaging $17,467.50 (average rate,
$50,000;
All,
Total
Other Expenses
$30,369.35
$6,361.23
5.40
1.13
4.09
$87,390;
5^%,
$131,700; 5)^%,
4H%. $05,000;
$4,000: 6%, $41,000.
5.02%);
4%%,
$110,000;
4%%,
Bon/Is, stocks, etc. (average rate on amount invested. 4.44%).
Number of loans not over $3,000 each, 311, amounting to $572,172.
164 real estate loans made during year, amounting to $891,S23.77.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924.
Number
of deposits during year, 33,234,
Number
of
amounting
2\i%
2H%
...
to (accounts
$95,093 85
101,180 03
1,850,425 69
opened 2,787)
withdrawals during year, 16,136, amounting to (accounts closed 2,174)
Net increase
in
amount due depositors (accounts inereased 613^
$2,046,699 57
1.561,721 84
$484,977 73
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Far Value
$687,200 United States 4J4s
100.000 U. S. Treas. Cert. 4Ms
150,000 U. S. Treas. Cert. 43^s
110.000 U. S. Treas. Cert. 4%s
10,000 Massachusetts 4s
10.000 Minneapolis, Minn. ,4%s
$10,000
28,000
25,000
10,000
20,000
15,000
Railroad Bonds
$25 .000 Atch.,Top.& Santa Fe 4s
10 ,000 Baltimore & Ohio 4^s
40 ,000 Boston & Albany 3j4s
15 ,000 Boston & Albany 4s
10 ,000 Boston & Lowell 4s
,000 Boston & Maine 4s
.000 Boston & Maine 0s
,000
,000
,000
,000
,000
,000
,000
C,
B.
C. B.
f
&
&
Q. 3Hs
Q. 4s
&
Paul 4s
Chi. & Northwest. 4s
Chi. & Northwest. 5s
Cleveland & Pitts. 3^s
Dexter & Piscataquis 4s
Chi., Mil.
St.
& Pitts. 3>^s
Fitchburg 4s
Great Northern 4^s
Illinois Central 3>^s
Illinois Central 4s
Lake Shore & Mich. So.
Erie
4s
15,000 Louisville
& Nashville 4s
20,000 Maine Central 4^s
10,000 M. Cent., E. & N. A. 4s
25,000 Minn., St. P. & St. Ste.
M.
25,000
25,000
20,000
10,000
25,000
16,000
20,000
20,000
50,000
10,000
Is
X. Y. C. & H. R. 3^s
X. Y. C. & H. R. 4s
X. Y., X. H. & H. 3^s
X. Y., X. H. & H. 4s
No. Pacific 4s
Old Colony 3f«
Old Colony 4s
Old Colony 5 A»
Pennsylvania 4j^s
l
Ports.. Gt. Falls
&
Con.
4J4s
10,000 Washington Co. 3Ks
5,000 Wore., Nash. & K. 4s
Street Railway Bonds
Par Value
$10,000 Boston Elevated 4s
5,000 Eastern Mass.
10,000 Lynn & Boston 6s
4^
Boston Terminal Co. Bonds
$149,000 Boston Terminal 3
1
js
Telephone Company Bonds
$57,000 Am. Tel. & Tel. Co. 4s
18,000 Am. Tel. & Tel. Co. 5s
32,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 Lawrence Gas Co. 7s
10,000 Pittsfield Elec. Co. 6s
Bank Stocks
Shs.
15 Eliot XI. Bk., Boston, in liq.
40 First XI. Bk., Boston
10 Merchants XI. Bk., Boston
2 Second XI. Bk., Boston'
10 Webster & Atlas X. Bk.,
Boston
—
22
P. D.
8,
BOSTON — CHARLESTOWN FIVE CENTS SAVINGS BANK
THOMPSON SQUARE (CHARLESTOWN
1
Incorporated April
7,
1854.
Number
William P. Hart, President.
Fred E. Coates, Clerk of the Corporation
Part
I.
DISTRICT)
of corporators,
42
George P. Nason, Treasurer.
James W.
Fairchild, Assistant Treasurer.
C. H. Blackall, C. V. Blanchard, J. F. Brirv.f M. E. S. Clemons.f F. W. Cook, Frank
Dow, S. T. Harris,* W. P. Hart,* C. B. Jopp,* Leslie Langill, F. B. Lawler, G. P. Nason, F. V.
Noyes,t A. W. Patch, f M. E. Smith, James Solomont,* J. W. Stone, W. W. Stover, E. L. Sweetser,
J. F. Wellington^ V. C. B. W'etmore, W. E. White.*
Hoard
of Trustor:
Deposits draw interest from third Wednesday of each month: dividends are payable the third Wednesday,
of April and October.
Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 12 m.; also Wednesdays
3 to 5 p.m.; and Mondays, for deposits only, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
1'uhlic funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
$8,002,408
3,407,057
927,034
798,689
(est. vol.,
$60,000)
trust
.
Total Assets
Surplus:
a.
Guaranty fund (4-33%
of de-
Profit and loss
Interest, less current expenses
1,790,000 00
1,403, 9 57 54
b.
and
....
taxes
Discount unearned
24.463.72S 43
4,509,373 39
70,005 00
90,410 09
6,265 64
com1,032,325 60
86,039 84
panies
Cash and cash items
Deposits (47,467 accounts, average,
$871.67)
$41,375,940 75
posits)
.
Bank building
95
35
80
91
459,687 50
283,601 00
26,622 25
Securities acquired for debts
Loans on real estate (less $56,300
Due from banks and
1924
Liabilities
.
due thereon)
Loans on personal security
31,
....
$44,666,574 02
$44,666,574 02
Total Liabilities
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$19,857.23
$57,179.47
$2,500.00
Cost per $1,000 of assets
.44
1.28
.06
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $2,354,508.19.
.
Advertising
$266.00
.01
Total
Other Expenses
$14,361.73
$94,164.43
2.11
.32
1.61
Rates on Investments and Loans (Average on
All, 5. 65%)
2,565 real estate loans, averaging $9,537.51 (average rate, 6.06%); 5%, $3,000; 5^%, $945,700: 5%%,
$250,000; 6%, $20,203,075; 0M%, $56,500; 6^%, $1,889,570: 6M%, $100,000; 7%, $1,015,883.
288 personal loans, averaging $15,657.54 (average rate, 5.90%); 4%, $7,066; 4J4%, $150,000: 4&%,
$38,500; 5%, $36,680; 5^%, $227,200; 5H%, $292,385; S%%, $7,000; 6%, $3,441,043; 6H%,
$199,500; 7%, $110,000.
Bonds, stocks, etc. (average rate on amount invested, 4.86%).
Number of loans not over $3,000 each, 1,235, amounting to $1,853,882.50.
651 real estate loans made during year, amounting to $5,770,805.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 68,541,
Number
of
1924,
2J^%
2V2 %
....
amounting to (accounts opened 6,719)
withdrawals during year, 42,536, amounting to (accounts closed 9,835)
Net increase
*
in
Board
amount due
of
$11,307,322 04
6,553,823 43
$4,753,498 61
depositors (accounts decreased 3,116)
Investment.
$915,263 71
973,105 46
9.418,952 87
t
Auditing Committee.
P. D. 8, Part
23
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$623,000 U. S. Treas. Bonds 4^s
300,000 U. S. Treas. Notes 4}£s
1,000,000 U. S. Treas. Notes 4J^s
1,125,000 U. S. Treas. Notes 4^9
3,625.400 United States 4^s
10,000 Massachusetts 4s
6,000 Massachusetts 43^s
2,000 Massachusetts 4^s
1,056,000 Boston 4s
100,000 Brockton 4^s
6,000 Brockton 5s
500 Cambridge 43^s
19,000 Chicopee 4^s
22,000 Fall River 53^s
78,000 Fall River 5%s
1,000 Gloucester 4s
Holyoke 4 s
3,000
42,000
4,000
3,000
5,000
55,000
6,000
26,000
37,000
15,000
45,000
9,000
3,000
32,000
11,000
Holyoke 4J^s
Holyoke 4^s
Holvoke 4%s
Holyoke 5s
Lawrence 5Hs
Lowell 4s
Lowell 4^s
New Bedford
Boston, R. B.
4^s
North Adams 4s
Quincy 4J£s
Revere 5^s
Waltham 4^s
Worcester 4s
Worcester 43^s
Public Funds, Notes
Plymouth Co. 4s
Revere 4s
Revere 4}£s
Revere 43^s
Revere oH*
Revere 5^|s
Revere 6s
Acushnet 4 As
109,000
181,000
25,000
200,000
100,000
163,000
5,000
100,000
40,000
60,000
126,000
135,000
100,000
155,000
45,000
113,000
175,000
100,000
82,000
61,000
139,000
80,000
Gas, Electric and Water
$50,000 Lawrence Gas Co. 7s
100,000 N. B. Gas & Ed. Lt.
&
Co. 5s
18,000 N. B.
Northwestern 4s
Northwestern 5s
Northwestern 6s
Chi., St. P. Minn. &
Lt.
Ed. Lt.
Co. 63^s
Nash. 5s
Maine Central 4j^s
Montana Central 5s
Montana Central 6s
Bank Stocks
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 43^s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
No. Pacific 5s
No. Pacific 6s
Norwich & Wore. 4s
Old Colony 4s
Old Colony b]/2 s
Pennsylvania 4^s
Pennsylvania 5s
Portland Terminal 5s
St. P., Minn. & Man. 6s
Southern Pacific 4s
Street Railway
&
5,000 N. B. Gas & Ed. Lt.
Co. 7s
50,000 Newb'yp't Gas & El.
Co. 5s
125,000 N. E. Power Co. 5s
5,000 Pittsfield Elec. Co. 6s
100,000 Wore. Gas Lt. Co. 5>^s
Shs.
12 Andovcr Nl. Bk., Andover
100 American Tr. Co., Boston
100 Bk. of Com. & Tr. Co., Boston
275 Eliot Nl. Bk., Boston, in liq.
614 First Nl. Bank, Boston
130 Merchants Nl. Bk., Boston
333 Nl. Shawmut Bank, Boston
73 Second Nl. Bk., Boston
500 Beacon Trust Co., Boston ,
225 Atlantic Nl. Bk., Boston
100 Mass. Trust Co., Boston
100 Old Colony Tr. Co., Boston
50 Everett Nl. Bk., Everett
375 Home Nl. Bk„ Brockton
57 Essex Trust Co., Lynn
34 Blue Hill Nl. Bk., Milton
33 State Street Trust, Boston
Bonds
$91,000 Boston Elevated 4s
13,000 Boston Elevated 4>£s
l
Gas & Ed.
Co. 6s
10,000 N. B. Gas
O. 6s
Fitchburg 4s
Fitchburg 4^s
Gt. Northern 4 Ms
Illinois Central 4s
&
Com-
pany Bonds
& Lynn
&
&
&
Louisville
End 4a
End 4^s
End 5s
End 6^s
End 7s
Telephone Company Bonds
St. Paul 4s
Chi., Mil.
Chi., Mil. & St. Paul 4>^s
Chi.
Chi.
Chi.
West
West
West
West
West
$181,000 Am. Tel. & Tel. Co. 4s
141,500 Am. Tel. & Tel. Co. 5s
507,000 N. E. Tel. & Tel. Co. 5s
4^s
Arlington 4Ms
E. Longmeadow 4>£s
Longmeadow 43^s
Maynard 4>£s
Russell 4s
500 Saugus 4J^s
500 Wakefield 5s
41,000 Warren 4s
$1,000
7,500
5,000
37,000
6,000
33,000
3,500
1,500
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
Boston & Maine 4>£s
Boston & Maine 6s
Boston & Maine 7s
$75,000
125,000
67,000
13,000
79,000
20,000
280,000
90,000
27,000
15,000
Boston Elevated 5s
Boston Elevated 6s
$223,000
219,000
76,000
89,000
87,000
150,000
18,000
$14,000 Hatfield 43^s
45,000 Hull 5s
4,000 Hull 5^s
11,000 Ipswich 4s
3,000 Reading 5s
6,000 Walpole 6s
100,000 Worcester 4s
100,000
100,000
62,000
50,000
104,000
100,000
Springfield 33^s
Springfield 4s
Springfield 4^s
1,000 Springfield 5s
11,500
3,000
2,000
20,000
18,000
1,000
9,000
2,200
Par Value
Par Value
BOSTON — COLUMBUS SAVINGS BANK
342
HANOVER STREET
Number
Incorporated March 25, 1908.
of corporators, 18
Vincent Brogna, President.
fosepb A. Greene, Treasurer.
Leah Lentine, Acting Clerk
of the Corporation.
Board of Trustees: A. A. Badaracco.t G. M. Balboni.f Joseph Borgatti, Vincent Brogna,* Joseph Chicarelli, John Cifrino, George Costanza,* Dominick
D'Alessandro, Gabriel Giarla,* J. A. Greene,
Joseph Nutile,* Thomas Nutile,* H. E. Stockbridge.f J. F. Sullivan.
Deposits draw interest from
May
1
and November
1.
day of February, May, August and November: dividends are payable
Business hours: 9 a.m. to 3 p.m.; also Mondays and Saturdays, for deposits
first
only, 6 to 8 p.m.
*
Board
of
Investment.
t
Auditing Committee.
—
24
P.
STATEMENT OF CONDITION, OCTOBER
Assets
Part
8,
I
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$10,095
9,452
4,637
2,760
.
.
.
.
Telephone company bonds
Gas, electric and water company
bonds
Loans on real estate
Loans on personal security
Real estate by foreclosure, etc. (as-
90
50
50
00
Deposits
(447
accounts,
....
average.
$361.36)
Surplus:
I
j
;
$162,252 61
a.
Guaranty fund {2.28%
b.
Profit
posits)
3,060 00
108,725 00
fi.">2 01
.
sessed value, $2,000)
D.
1924
31,
|
and
loss
of de-
....
3,704 81
6,007 52
i
1,613 4:.'
1,565 87
.
Suspense Account
Due from banks and trust com-
18,14o 21
2,257 44
panies
Cash
...
Total Assets
Total Liabilities
$171,964 94
$171,964 94
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$216.16
$525.00
paid for
1.26
Cost per $1,000 of assets
3 07
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $8,307 41
Rates on Investments and Loans (Average on
36
real estate loans,
Other Expenses
Total
$1,036.81
6.06
$2,459.42
14.37
10.04
$681.45
3.98
.
5%,
averaging $3,020.13 (average rate 6.20%);
All,
$6,000;
5.80%)
6%
,
$4s,i;uit;
r>
'
.,'
;
,
(53,125;
7%, $1,000.
personal loan, averaging $652.01 (average rate, 5%): 5%, $652.01.
Bonds, stocks, etc. (average rate on amount invested, 4H%)Number of loans not over $3,000 each, 22, amounting to $36,077.01.
9 real estate loans made during year, amounting to $33,700.
1
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: April, 1924,
1924,
Oct.,
Number
of deposits during year, 797,
Number
of withdrawals during year, 400,
Net increase
in
amounting
23^%
2%
....
.
to (accounts
amounting
amount due depositors (accounts
$2,959 28
2,721 37
70,839 05
.
opened 117)
$76,519 70
55.148 66
to (accounts closed 103)
$21,371 04
increased 14)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$1,000 United States ZV2 »
Street Railway Bonds
Par Value
$5,000 Boston Elevated 5s
15,900 United States 4^s
1,000 Boston 'i l 2 »
1,000 Newton 3j^s
1.000 Portland, Ore., 4s
/
$2,000
2,000
4.000
2,000
Railroad Bonds
& Northwestern
Chi.
Telephone Company Bonds
Am. Tel. A: Tel. Co. 4s
$3,000
58
Illinois
Gas, Electric and Water
Northern Pacific 6s
$3,000 N. E. Power Co. 5s
Central 4s
North. Me. Seaport 5s
Com-
pany Bonds
BOSTON — DORCHESTER SAVINGS BANK
570
COLUMBIA ROAD (DORCHESTER DISTRICT)
Incorporated April 16,1894.
Frederick L. Walker, President.
William H. Coggin, Clerk of the Corporation.
Number
of corporators, 32
Edgar A. Craig, Treasurer.
Kenneth Poulton, Assistant Treasurer.
of Trustees: W. H. Abbott, Walter Adlard, F. W. Archer, H. W. Burke,* W. H. Coggin.t E. A.
Craig, Samuel Crowell,*f G. F. Eddv, D. G. Eldridge.t J. L. Goss, N. C. Harrison,* John Morton.
W. H. Naylor,* Daniel Russell, R. E. Smith, F. L. Walker.*
Board
Deposits draw interest from 15th of each month; dividends are payable April 15 and October
ness hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m. and 7 to 9 p.m.
*
Board
of Investment.
t
Auditing Committee.
15.
Busi-
—
P. D. 8, Part
25
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and note?
Railroad bonds and notes
Street railway bonds
82,95.-)
54,115
10,000
709
2,395,725
203,675
10,000
Securities acquired for debts
Loans on real estate
Loans on personal security
Furniture and fixtures
Due from banks and
trust
1924
Liabilities
Deposits (10,917 accounts, average,
$347.61)
Christmas and other club deposits
Surplus:
a. Guaranty fund {2.32% of de-
$1,022,479 71
148,806 25
Telephone company bonds
Bank and trust company stocks
31,
00
00
00
00
00
00
00
$3 794.896 59
111,948 50
.
87,939 64
47.626 77
7,319 68
4,OS4
posits)
h. Profit and loss
Interest, less current expenses
.
Discount unearned
.
con
panics
118,879 62
6,471 40
Cash and cash items
Total Assets
Total Liabilities
$4,053,815 98
$4,053,815 9i
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Other Expenses
Total
$3,631.08
$20,627.06
.89
5.08
3.66
Advertising
$1,950.00
paid for
$3,828.47
S10.259.80
4>
.94
Cost per $1,000 of assets
2 53
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $199,140.72.
.
$957.65
.24
Rates on Investments and Loans (Average on
All,
5.45%)
472 real estate loans, averaging 85.075. OS (average rate, 6.04%): 6%, $2,269,550; 6J^%, $41,500; 7%,
$s2,200; 8%, $2,475.
26 personal loans, averaging $7,833.65 (average rate, 5.09%); 4%, $25,000; 4
$500; 5%, $100,000;
5}4%, $66,100; 6%, $12,075.
Bowls, stocks, etc. (average rate on amount invested, 4.36%).
Number of loans not over $3,000 each. 201. amounting to $385,851.69.
154 real estate loan* made dining year, amounting to $1,044,850.
A%
l
,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
2%
2%
1924,
$67,977 27
69,688 76
1.569,112 48
'
during year, 27,565, amounting to (accounts opened 1,930)
$1,706,778 51
1,464,625 06
withdrawals during year, 14,616, amounting to (accounts closed 1,369)
Net increase
in
amount due depositors (accounts increased 561)
$242,153 45
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$110,000 U. S. Treas. Notes 4^s
30,000 U. S. Treas. Notes 4%s
150,000 U. S. Treas. Notes 4>^s
183.000 U. S. Treas. Notes 4%s
80,000 U. S. Treas. Bonds 4*4s
134.200 United States 4M«
6,000 Massachusetts 3>£s
11,750 Boston 3j^s
12,000 Boston 4s
1,000 Brockton V ,<
17.000 Chelsea 3^3
5,000 Fall River 4s
2,000 Fitchburg 4s
.000
5,000
1
'
250
i
Framingham
4s
Lawrence 4s
Medford 4s
New Bedford 4s
NewLond'n,Conn.,3J4s
Quincy 33^s
Quincv 4s
Seattle, Wash., 4^s
Taunton 4s
5,000
2,000
2,000
3,000
6.000
2.000 Westfield 4s
2.000 Adams 4s
4.000 Amherst 4s
23,000 Greenfield 4s
10.000 Hyde Park 4s
1,000 Needham 4s
."..000
Northbridge 43^3
2,000 Northbridge 5s
1 ,000 Norwood 4s
2,000 Revere 4s
1 ,000 Rockport 4s
Par Value
$3,000 Dexter & Piscataquis 4s
3,000 Fitchburg 4s
Par Value
$2,000
4,500
20,000
6,000
5,000
Saugus 4s
Sunderland
4
!
<-
Wakefield 4s
Walpole 4^s
Winthrop Is
Public Funds, Notes
$15,000
18,000
10,000
25.000
5,000
10,000
6,000
Chester
4^s
Dartmouth
Is
E. Brookfield 4.10',
Foxborough 4>£s
Gardner 5s
Holbrook 4>gs
New Braintree4Hs
1,000 Oak Bluffs 4^s
2,000 Stoneham 4s
10,000 West Brookfield
30,000 Revere 4^9
6,000 Rovalston
%*
4.41%
\y
Railroad Bonds
Baltimore & Ohio 4^s
Boston & Albanv 3J^s
Boston & Albany 4s
Boston & Maine 3Boston & Maine 3)^s
Boston & Maine 4s
Bridgton & Saco R. 4s
$20,000
3,000
6,000
5,000
4,000
10,000
2,000
15,000
5,000
3,000
C,
B.
&
Q.
10,000
15,000
10.000
10,000
12,000
10,000
1,000
2,000
Central 3s
Central 3j/o3
Maine Central 4>£s
N. Y.. N. H. & ri. 3
N. Y., N. H. A H. 4s
Old Colon v 3X>s
Old Colon v 4s
1
Ports.,
Gt.
F.
U
& Con-
way 43^s
2,000 Portland & Rum. Falls
5,000 Washington Co. 3J£s
4.,
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4 £s
Boston Elevated 5s
Eastern Mass. 4K»s
Eastern Mass. 6s
Marlboro & Westboro 7-t
Wore. Consolidated 5s
Wore. Consolidated 7s
Wore. & Southbridge 7<
$13,000
10,000
5,000
5,000
7,700
10,000
5,000
5,000
25,000
!
Telephone Company Bonds
$45,000 Am. Tel. & Tel. Co. 4s
14,000 N. E. Tel.
3^s
Chi., Mil. & St. Paul 4s
Conn. & Pass. Riva. 4s
Illinois
Illinois
&
Tel. Co. 5s
Bank Stocks
Shs.
50 Libertv Trust Co., Boston
—
P. D.
26
8,
Part
I.
BOSTON — EAST BOSTON SAVINGS BANK
10
MERIDIAN STREET
Incorporated April 26, 1848.
Number
of corporators,
43
Alvin P. Johnson, Treasurer.
Benjamin A. Delano, Assistant Treasurer.
Robert J. (love, President.
Ralph A. Hooper, Clerk of the Corporation.
Board of Trusters: O. G. Eaton, G. H. Gibbv,* R. J. Gove,*f W. H. Grainger, F. P. Gurnev.* Harry
Hamilton,* J. F. Hodge, A. P. Johnson, R. F. Jordan, H. H. Lynch, J. E. Lynch,* J. T. Manson,
D. B. McPherson, John Marno, A. A. Martin, t W. A. Morrison, Freeman Nickerson, C. H. Packard,
Richard Pigeon, ('.. M. Porter,* E. P. Robinson, W. C. Smith,* G. M. Stalker.f A. M. Walcott,
C. A. Woolley.
Deposits draw interest from third Wednesday of January, April, July and October: dividend- are payable
Business hours: 9 a.m. to 2 p.m.; also Saturdays,
after the third Wednesday of January and July.
2 to 5 p.m., for deposits only; during June, July, August and September, close at 1 p.m. Saturdays.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Loans on real estate (less $500 due
.
.
.
.
.
.
.
.
thereon)
Loans on personal security
Bank building {est. rat., $100,000)
.
Due from banks and
.
£4,920,901
1,420,189
341,600
69,162
215,600
Total Assets
18
Deposits (IS, 832 accounts, average,
00
00
50
00
$579.34)
Surplus:
$10,910,076 66
Guaranty fund (4-98% of
a.
de-
542.934 73
posits)
b. Profit and loss
Interest, less current expenses
47:S.sl7
.
4,435.125 00
402,115 04
40,000 00
Discount unearned
.
.
.
17
95,259 60
253 15
.
com-
trust
.
1924
Liabilities
165,888 89
11,759 70
panies
Cash and cash items
31,
.
.
....
$12,022,341 31
Total Liabilities
$12,022,341 31
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
$3,600.00
830,258.09
paid for
$5,698.86
47
2.52
.30
Cost per $1,000 of assets
tax
State
and
rent
Cost per $1,000 of assets not including
Gross income received during the year, *ti2, ,505.51.
.
.
Advertising
$323.60
.03
Rates on Investments and Loans (Average on
1,617 real estate loans,
averaging $2,742.81 (average rate, (i%);
5V2 %,
All,
Other Expenses
Total
$4,449.12
S44,329.67
3.69
.37
2.92
5.31%)
$18,000:
$15,400; 7%, $5,000.
23 personal loans, averaging $17,483.26 (average rate, 4.93%); 4%, $25,000;
$200,000; 5H%, $25,000; bV2 %, $25,500; 6%, $26,615.
Bonds, stocks, etc. (average rate on amount invested, 4.90%).
Number of loans not over $3,000 each, 1,217, amounting to $2,313,275.
197 real estate loans made during year, amounting to $557,050.
6%,
$4,396,72."
4*6%,
$100,001):
5%,
Dividends, Deposits and Withdrawals
Ordinary dividends declarer] during year: Jan., 1924,
2^%
July, 1924,
234%
Number
of deposits
Number
of
$239,296 10
during year, 25,780, amounting to (accounts opened 1,598)
withdrawals during year, 16,691, amounting to (accounts closed 1,796)
Net increase
*
in
Board
amount due depositors (accounts decreased
of
Investment.
198)
.
f Auditing
252,154 99
2.416.544 00
S2.907.995 09
2.144.545 64
$763,449 45
Committee.
—
P. D.
8,
Part
27
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 U. S. Treas. Notes 4%s
205,000 U. S. Treas. Notes 4*^s
975,000 U. S. Treas Notes 4%s
3,410,450
12,000
4,000
100,000
14,000
15,000
13,000
1,000
2,000
8,000
42,000
30,000
8,000
3,000
12,000
10,000
23,000
10,800
25,000
8,000
10,000
8,000
United States 4Ms
Massachusetts 4s
Beverly 4s
Boston 4s
Brockton 4s
Dayton, O.. 5s
Fall River 4s
Fall River 4^s
Gloucester 4s
Lvnn 4s
Omaha, Neb., 4>£s
San Francisco,
Taunton 4s
Cal., 5s
Agawam
4s
Attleboro 4s
Easthampton 4s
Falmouth 4s
Mattapoisett 4s
Norwood
4s
Reading 4s
Swampscott 4s
Winthrop 4s
Bangor
Boston
Boston
Boston
Boston
$20,000
50,000
50,000
25,000
25,000
20,000
15,000
15,000
33,000
60,000
50,000
& Aroostook 5s
& Albany 3^s
& Albanv 5s
& Maine 4s
& Maine 4^s
Central R.R. of N.
C, B. & Q. 4s
J.
Cleveland & Pitts. 3^s
Cleveland & Pitts. 43^s
Fitchburg 4*^s
Fre., Elkhorn & M.V. 6s
111. Central 5a
Kal., Alle. & G. Rap. 5s
L. Shore & Mich. So. 4s
Louisville & Nashville 5s
Louisville & Nash. 5^s
Louisville & Nash. 6s
Maine Central 4^s
25,000
31,000
25,000
50,000
50,000
25,000
25,000
25,000
25,000
29,000
25,000
20,000
50,000
Maine Central
Railroad Bonds
& Ohio 4s
& Ohio 4^s
$25,000 Baltimore
28,000 Baltimore
S. Ste. M. & A.
Montana Central 6s
4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 6s
St. J.
St. P.,
&
L. C. 5s
Minn. & Man. 6s
County 6s
Union Pacific 5s
Vermont Val. 4^s
Sullivan
Street Railway Bonds
Boston Elevated 4s
Boston Elevated \y>%
Boston Elevated 6s
Lynn & Boston 5s
$75,000
38,000
50,000
20,000
25,000
24,000
110,000
West End 4s
West End 6s
West End 6^s
Telephone Company Bonds
$75,000 Am. Tel. & Tel. Co. 4s
5s
Minn.
25,000
23,000
25,000
85,000
25,000
75,000
& Con-
way 43^s
25,000
60,000
10,000
25,000
25,000
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Chic. St. P., Minn. &
O. 6s
5s
$8,000 Stoneham 4s
5,000 Ports., Gt. F.
5s
Mich. Cent.-D. & B.
City 5s
50,000 Mil. Lake Shore &West.
Public Funds, Notes
Par Value
$50,000 Old Colony 4s
80,000 Old Colony 5^9
25,000 Pennsylvania 4^s
25,000 Portland &Oguens.43^s
Par Value
Bank Stocks
Shs.
135 Atl. Nat'l Bank, Boston
20 Com'l Sec. Nl. Bk., Boston
950 First Nl. Bk., Boston
80 Merchants Nl. Bk., Boston
757 Nl. Shawmut Bk., Boston
15 Nl. Union Bk., Boston
205 Second Nl. Bk., Boston
BOSTON — ELIOT SAVINGS BANK
DUDLEY STREET
165
Incorporated February
4,
1864.
Number
of corporators,
58
Frank E. Granger, Treasurer.
Albert E. Carr, President.
Fred N. Russell, Clerk of
the Corporation
G. Adams, C. E. Aldrich,* Augustus Bacon, Judson Baldwin, D. M. Blair, J. F. F.
Brewster,* A. E. Carr,* F. M. Curtis, A. P. Emmons, G. L. Fisher, A. F. Hayden, G. P. Hodgdon.f
Frank Houghton, t W. S. Leland,* F. W. Mcndum, Gorham Rogers,* F. N. Russell, t L. D. Seaver,*t
W. H. Slocuni, W. M. W. Spring, F. S. Waterman, Jr., O. W. Wheelwright, Jr., F. O. Whitney.
Board of Trusters:
S.
Deposits draw interest from second Wednesday of each month; dividends are payable the Thursday following the second Wednesday of April and October. Business hours: 9 a.m. to 3 p.m.; Saturdays,
9 a.m. to 12 m. and 7 to 9 p.m. for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water compan
bonds
Loans on real estate (less $17,500
due thereon)
Loans on personal security
.
....
Bank building (est. vol.,
Due from banks and
$130,000)
trust
1924
Liabilities
$1,743,454
1,351,440
232,000
93,617
138,991
57
00
00
50
25
109,625 00
6,734,175 71
1,156,784 00
114,000 00
Deposits (20,198 accounts, average,
$11,296,600
$559.29)
103, SOS
Surplus:
dea. Guaranty fund U-73% of
posits)
538,694
320,162
b. Profit and loss
Interest, less current expenses and
23,367
taxes
1,431
Discount unearned
14,679
Suspense account
Christmas and other club deposits
.
....
....
....
com
panies
31,
18
75
44
61
54
38
10
624,628 72
Savings Club Dividends
Total Assets
*
Board
27.25
$12,298,744 00
of Investment.
Total Liabilities
t
$12,298,744 00
Auditing Committee.
28
P. D. 8, Part
I.
Total Expenses for the Year, including State Taxes
State
Amount
paid for
Tax
(Net)
Rout
Salaries
$5.000. 00
S24.337.63
1.19
L.98
.41
Cost p.-r $1,000 of assets not including State tax and rent
income received during the year, $618,108.85.
S14.643.38
.
Advertising
$3,887.82
Cost per $1,000 of assets
Other Expenses
Total
$7,022.41
$54,891 24
.57
L46
.31
86
Rates on Investments and Loans (Average on
All,
5.36%)
1,104 real estate loans, averaging $6,099.80 (average rate, 5.97%); 5%, $365,000; 534%, $48,000; 5*4%,
5,000; 6%, $5,206,626; 6^%. $778,550; 7%,$1.000.
rsonal loans, averaging $17,627.03 (average rate, 5.10%); 4^%, $50,000; 4 34%, $100,000; 5%,
$510,650; 534%. $343,500; 5H%, $145,050; o%%, $1,800; 6%, $5,784.
Bonds, storks, etc. (average rate on amount invested, 4.31%).
Number of loans not over $3,000 each 343, amounting to $672,763.51.
L78 real estate loans made during year, amounting to $1,641,034.51.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924;
Oct.,
Number
of deposits during year, 40,247,
Number
of
1924,
amounting
2)£%
$230,696
2K%
to (accounts
$3,211,531 87
2,382,834 81
withdrawals during year, 21,600, amounting to (accounts closed 2.896)
Net increase
in
amount due depositors (accounts decreased
11
238,790 30
2,742,045 16
opened 2,845)
$828,697 0«
51)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 U. S. Treas. Bonds 434s
996.600 United States 434s
90.000 Massachusetts 33^s
61,1 mo Minnesota 434s
100.000 Boston 33^8
105,000 Boston 4s
5,000 Brockton 4s
25,000 Fall River 3'.s
10,000 Fall River 4s
40,000 Fall River 434s
45,000 Holyoke 4s
1,000
Lvnn
4s
14.000 Marlboro 4s
42,000 New Bedford 4s
30,000 Xcw Bedford 434s
1,000 Newburvport 33^s
25,000 Waltham 3K»»
7,000 West Springfield 4s
20,000 Agawam 4s
10,000 Wakefield 4s
Public Funds, Notes
$5,000
15,000
9,000
50,000
10,000
25,000
3,000
Arlington 4s
Barnstable 4.05%
Dedham 4s
Newton
4s
Orange 4.05'
Worcester 4s
Dalton (F. D.) 4s
,
Railroad Bonds
Street Railway Bonds
Par Value
$57,000 Boston Elevated Is
Par Value
$25,000 Baltimore
13,000
26,000
10,000
50,000
50,000
50,000
25,000
100,000
125,000
25,000
25,000
25,000
25,000
50,000
25,000
100,000
25,000
50,000
Boston
Boston
Boston
Boston
Boston
Boston
60,000 West
50,000 West
40,000 West
25,000 West
& Albanv 4s
& Albanv 5s
& Lowell 4K>s
& Maine 4s
& Maine 6s
Boston. R.B.& Lvnn 43^s
C, B. & Q. 3 As
C, B. & Q. 4s
Chi. & Northwestern 4s
Conn. & Pass. Rivers 4s
Conn. River 4s
Erie & Pittsburgh 3>$s
Fitchburg 4s
Illinois Central 3s
Illinois Central 33^s
Michigan Central 33-4*
Minn., St. P. & S. Ste.
l
M.
50,000
75,000
85,000
25,000
30,000
169,000
25,000
145.000
25,000
& Ohio 4s
& Albanv 3>..s
End
End
End
End
4s
5s
6s
634s
Boston Terminal Co. Bonds
$102,000 Boston Terminal 3>$8
Telephone Company Bonds
Am. Tel. & Tel. Co. Is
Am. Tel. & Tel. Co. 5s
$125,000
25,000
4s
New England Is
N. Y. C. & H. R,
N. Y. C. & H. R.
334s
Gas, Electric and Water
Com-
pany Bonds
4s
$25,000 Lawrence Gas Co. 7s
25,000 Xewb'vp't Gas & Elec.
Co. 5s
25,000 N. E. Power Co. 5s
25,000 Turn. Falls P. & E. Co. 5s
10,000 Wore Gas Lt. Co. ">' ••-
N. Y. <v N. E. Term. 4s
N. Y., N. B.& H.3'-.s
X. V.. N H. & H. 4s
No. Maine Seaport 5s
Old Colon v 4s
Washington Co. 33-^s
BOSTON — FRANKLIN SAVINGS BANK OF THE CITY OF BOSTON
6
Incorporated
March
PARK SQUARE
15, 1S61.
Number
of corporators, 71
Joseph H. Soliday, President.
(Office vacant) Treasurer.
Albert P. Carter, Clerk of the Corporation.
William A.
Hammond,
Assistant Treasurer.
Board of Trustees: J. T. Bottomlev, G. G. Bradford, A. T. Bradlee, T. G. Bremer, t J. D. Brennan.t E. D.
Brooks,* H. G. Brooks, H. K. Brown, A. P. Carter, I. W. Chick, F. S. Clark, T. M. Devlin, C. F.
Dowse, J. M. E. Drake, Allan Forbes, W. S. Fox,* Courtenay Guild, F. W. Hallowell.t Edward Hamlin, II. W. Hart, C. D. Jacobs, W. S. Kenney, A. E. Mason,* Lawrence Mavo. F. J. Moors, J. If.
Pierce. A. E. Pillsburv, C. E. Rogerson, H. S. Shaw.t J- H. Soliday.* J. H. Sturgis, J. S Sylvester,
W. Q. Wales,* F. H. Warner, S. H. Whidden.* J. E. Whitney.f
Deposits draw interest from first day of each month; dividends are payable February 10 and August 10.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 2 p.m.; also Mondays, 3 to 6 p.m. for deposits
onlv.
Board
of
Investment.
t
Auditing Committee.
—
P. D. 8, Part
29
I.
STATEMENT OF CONDITION, OCTOBER
31, 1924
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$5,623,035
2,840,035
527,325
330,145
433,721
.
Telephone company bonds
Gas, electric and water company
124,437
bonds
Bank and trust company stocks
67,000
Loans on real estate (less $8,644. 22
thereon)
due
14,544,791
Loans on personal security
1,426,192
Bank
building
(est. val.,
$200,000)
trust
Total Assets
50
00
b. Profit and loss
Interest, rents, etc.,
.
Surplus:
a.
Guaranty fund (4-97% of
de-
1,204,237 00
posits)
834,215 93
.
less
current
expenses and taxes
Discount unearned
322,573 37
5,885 43
.
com427,984 88
32,022 37
panies
Cash and cash items
Deposits (34,769 accounts, average,
$692.71)
•524,084.954 24
Christmas and other club deposits
124,845 00
78
84
200,000 00
18 76
Thrift stamps
Due from banks and
47
62
00
50
25
....
Total Liabilities
$26,576,710 97
$26,576,710 97
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
$13,403.94
.
.
Other Expenses
$13,084.24
Advertising
$55,289.06
paid for
$22,494.76
2.08
.85
Cost per $1,000 of assets
tax and rent
of
assets
including
State
per
not
Cost
$1,000
Gross income received during the year, $1,368,641.70.
.50
.49
Total
$104,272.00
3.92
3.07
Rates on Investments and Loans (Average on AH, 5.28%)
1,288 real estate loans, averaging $11,292.54 (average rate, 5.80%); 5%, $1,302,000; b\i%, $813,750; 534%,
$1,973,500; b%%, $18,000; 6%, $10,386,542; 6^%, $51,000.
.96' personal loans,
averaging $14,856.17 (average rate, 4.96%); 4%, $50,000; 4}i%, $75,000; AV2 %,
$215,000; 4.65%, $50,000; \%%, $34,000; 5%, $620,138; h%%, $226,875; b]A2 %, $53,430; 6%,
$101,750.
Bunds, stocks, etc. (average rate on amount invested, 4.56%).
Number of loans not over $3,000 each, 452, amounting to $840,818.84.
308 real estate loans made during year, amounting to $3,520,950.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Feb., 1924,
Number
of deposits
Number
of
2%%
2%%
$505,917 37
517,496 81
4,280,422 32
Aug., 1924,
during year, 50,891, amounting to (accounts opened 4,921)
$5,303,836 50
4,250,911 19
withdrawals during year, 31,558, amounting to (accounts closed 4,071)
Net increase
in
amount due depositors (accounts
$1,052,925 31
increased 850)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$309,100 U.
150,000 U.
S.
S.
4
350,000 U.
Treas. Bonds 4M?
Certs, of Indebt.
Ms
Indebt.
S. Certs, of
43^s
175,000 U. S. Certs, of Indebt.
4Ms
4,660,250
25,000
50.000
50,000
11.006
7,000
25,000
United States 4^s
Washington 6s
Boston 5s
Detroit, Mich
Lowell 5s
,
5j/£s
Lowell 5M-s
New
Bedford
4%s
Railroad Bonds
$22,000 Baltimore & Ohio 5s
50,000 Boston & Albany 3^8
200,000 Boston & Albany 4s
50,000 Boston & Albany 4^s
25,000 Boston & Albany 5s
325,000 Boston & Maine 4^s
45,000 Boston & Maine 6s
110,000 Boston, R. B.
4^s
C, B. &
C, B. &
& Lvnn
50,000
Q. 3V2 s
182,000
Q. 4s
50,000 Chi., Mil. & St. Paul 5s
200,000 Chi. <fe Northwestern 4s
Par Value
00
44,000
200,000
150,000
100,000
50,000
25,000
200,000
25,000
50,000
280,000
50,000
45,000
100,000
20,000
54,000
& Pittsburgh
Fitchburg 4s
Fitchburg 4^s
Illinois Central 4s
Erie
3^s
& Nashville
4}^s
Louisville& NashvilleOs
Louisville
Mobile & Ohio 6s
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 5s
N. Y. & N. E. Term. 4s
N. Y., N. H. & H. 4s
Norwich & Worcester 4s
Old Colony 4s
Pennsylvania 4^s
75,000
75,000
45,000
10,000
50,000
&
Boston 6s
West End 4s
West End 434s
West End 5s
Wore. Consolidated 7s
Worces. & Southbridge
4Hs
Boston Terminal Co. Bonds
$345,000 Boston Terminal 3J4s
.
Ports., G.
F.&Con.43^s
Portland
& Ogdensburg
4^s
50,000
32,969
50,000
100,000
Par Value
$40,000 So. Shore
&
L. C.
St. J.
St. P., Minn.
So. Pacific 4s
5fl
Vermont
4^s
& Man.
Val.
Telephone Company Bonds
$150,000 Am. Tel. & Tel. Co. 4s
150,000 Am. Tel. & Tel. Co. 5s
150,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Street Railway Bonds
$100,000 Boston Elevated 4^s
10,000 Boston, Mil. & Brock. 6s
10,000 Eastern Mass. 4^s
115,000 Lvnn & Boston 5s
7,000 N. Bed., Mid. & Brock.
Com-
pany Bonds
4s
$75,000 Lawrence Gas Co. 7s
50,000 N. E. Power Co. 5s
Bank Stocks
Shs.
50
200
200
20
200
Atl. Nl. Bk.,
Boston
First Nl. Bk., Boston
Nl. Shawmut Bk-, Boston
Nl. Union Bk., Boston
Second Nl. Bk., Boston
—
30
P. D. 8, Part
BOSTON — GROVE HALL SAVINGS BANK
648
WARREN STREET (ROXBURY
Incorporated January 30, 1914.
Number
DISTRICT)
of corporators, 28
Albert A. Ginsberg, President.
Guy
A.
Ham,
I.
Joseph L. Downey, Treasurer.
Clerk of the Corporation
Board of Trustees: P.
S. Aronson,* K. J. Brody.-f Reuben Bromfield, \V. L. Collin.'*, J. L. Downey, A. A.
Ginsberg,* A. M. Greenblatt.t Oscar Grosber<i.* (i. A. Ham, D. M. Kasanof, Coleman Levin, M.
L, Lourie.f Hyman Phillips, Nathan Pinanski, Louis Rosenberg,* Joseph Rudnick,* I. W. Shapira,*
Harris Ulin.
Deposits draw interest from the twentieth day of each month; dividends are payable May 25 and November
2.",.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m.; also Mondays and Saturdavs, for
deposits only, 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Suspense account
Due from banks and trust com-
$425,634 88
61,083 75
16,92.')
Total Assets
....
0(i
3,400 00
34,920 75
7.950
22,208
1,072,160
182,178
2,180
panies
Cash and cash items
1924
Liabilities
.
....
....
31,
00
30
00
60
65
Deposits (8,674 accounts, average,
820646)
$1,790,S42 13
Surplus:
Guaranty fund {1.07%
a.
posits)
of de-
....
....
19,100
24,934
29,482
2,170
b. Profit and loss
Interest, less current expenses
Discount unearned
00
83
66
28
24,933 25
12,948 72
$1,866,529 90
Total Liabilities
$1,866,529 90
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
paid for
$678.31
$9,409.33
$1,133.34
.36
5.04
Cost per $1,000 of assets
.61
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $93,432.27.
.
.
Advertising
$1,091.15
.58
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$4,557.15
$16,869.28
2.44
9.03
8.06
5.76%)
loo real estate loans, averaging $0,917.16 (average rate, 6.34%); 6%, $507,725; 6M%. $19,000; 6K%,
$370,575: 7%, $174,860.
107 personal loans, averaging $1,702.60 (average rate. 5.86%); 5%, $45,979; 6%, $97,960; 634%, $5,150;
6 H7o, $28,491: 7%, $4,600.
Bonds, stocks, etc. (average rate on amount invested, 4.63%).
Number of loans not over $3,000 each, 100, amounting to $88,461.35.
34 real estate loans made during year, amounting to $367,500.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits during year, 33,273,
Number
of
Net
2)4%
$27,858 73
%
1924, 2! 4
to (accounts opened 2,343)
amounting
withdrawals during year, 13,975, amounting to (accounts closed 1,717)
increase in
*
Board
amount due depositors (accounts increased 626)
of
Investment.
.
.
31,045 28
1,422,318 14
.
$1,481,222 15
1,157,349 70
$323,872 45
t
Auditing Committee.
—
P. D. 8, Part
t
31
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$27,500 U. S. Treas. Bonds 4^s
5,000 U. S. Treas. Notes 4>£s
63,500 U. S. Treas. Notes 4%s
650 United States 3^s
333,500 United States 4Ms
5000 Detroit 4s
2,000 Los Angeles, Cal., 43^3
7,000 San Francisco 5s
$3,000
10,000
5,000
20,000
Gas, Electric and Water
Par Value
$10,000 No. Pacific 6s
15,000 Pennsylvania 4 As
Street Railway
$5,000
12,000
Par Value
$3,000 N.B.Gas&Ed.Lt.Co. 5s
5,000 N. E. Power Co. 5s
Bonds
West End 4J^3
West End 6^s
Boston Terminal Co. Bonds
$4,000 Boston Terminal
Railroad Bonds
Chi., Mil. & St. Paul 4^s
Chi. & Northwestern 5s
Louisville & Nash.
N. Y. C. & H. R. 5s
3^s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
Am. Tel. & Tel. Co. 5s
4^
Com-
pany Bonds
l
$25,000
13,000
Bank Stocks
Shs.
10 Beacon Trust Co., Boston
20 Citizens Nl. Bk., Boston
30 Federal Nl. Bk., Boston
7 First National Bank, Boston
25 United States Tr. Co., Boston
5 Stoughton Trust Co.
BOSTON — HIBERNIA SAVINGS BANK
16
Incorporated
May
COURT STREET
21, 1912.
Number
of corporators,
James M. Curley, President.
James N. Clark, Clerk of the Corporation.
45
Albert P. Hill, Treasurer.
John A. O'Hearn, Assistant Treasurer.
Board of Trustees: R. H. Baker, J. F. Barry, J. E. Bowen, J. F. Carens, J. N. Clark. t J- F. Cronin,* F. J.
Crosbv, J. J. Crowley, J. M. Curlev, J. J. Forrester, *t J. M.Graham, B. J. Heaney,* Bernard Joyce,
J. F. Low,* F. X. Mahoney,* Ernest Manahan.* C. H. Norton, P. P. Porter, C. F. Riordan,* L. K.
Rourke, M. Scannell.
Deposits draw interest from the fifteenth day of each month; dividends are payable January 15 and July
Business hours: 9 a.m. to 3 p.m.; Saturdays. 9 a.m. to 1 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Due from banks and trust com
31,
15.
1924
Liabilities
J325.478
99,705
47.747
31,868
41,512
18
Deposits (2,993 accounts, average,
00
35
75
$551.97)
Surplus:
50
1,008,850 00
101,500 00
$1,652,071 10
Guaranty fund (1.87%
a.
of de-
30.818 21
15,138 78
5,158 33
893 26
posits)
b. Profit and loss
Interest, less current expenses
.
Discount unearned
.
.
.
.
43,165 70
4,282 14
panies
Cash and cash items
Total Assets
$1,704,109 68
Total Liabilities
$1,704,109 68
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$5,754.98 $3,704.23
$1,690.82
3.38
2.17
.99
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $87,538.29
.
Advertising
$1,039.67
.61
Rates on Investments and Loans (Average on
205
real estate loans,
averaging $4,921.21
(average rate, 6.07%);
6%,
All,
Other Expenses
Total
$3,258.35
$15,448.05
1.91
9.06
5.90
5.50%)
63^%, $79,900; 7%,
$891,050;
$37,900.
16 personal loans, averaging $6,343.75 (average rate, 4.84%; 4)4%, $40,000:
5M%,
$6,500;
A%,
ol
$6,500;
6%,
4%%,
$25,000;
5%.
$16,150.
stocks, etc. (average rate on amount invested, 4.55%).
Number of loans not over $3,000 each, 62, amounting to $114,125.
47 real estate loans made during year, amounting to $272,400
Bonds,
*
Board
of
Investment.
t Auditing
Committee.
$7,350;
—
32
D.
P.
8,
Part
1.
Dividends, Deposits and Withdrawals
2*4%
dividends declared during year: Jan., 1924,
!,
$32,523 50
34,502 42
514,499 95
Number
of
July, 1924, 2\i%
deposits during year, 3,745, amounting to (accounts opened 375)
Number
of
withdrawals during year, 2,056, amounting to (accounts closed 250)
Net increase
in
amount due depositors (accounts increased
$581,525 87
445,005 55
$136,520 32
125)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000 U. S. Treas. Notes
15,000 U. S. Treas. Notes
55,000 U. S. Treas. Bonds
227,950 United States 4J^s
12,000 Seattle, Wash., 5s
Par Value
$5,000 Baltimore
10,000
20,000
10,000
15,000
5,000
10,000
10,000
4^s
4%s
4^s
Public Funds, Notes
$500 Needham 4s
Chi., Mil.
Chi., Mil.
Chi., Mil.
.
& Ohio 5s
& St. Paul 4s
&St.Paul4J^9
& St. Paul 5s
Central 4s
& Mich. So. 4s
N. Y. C. & H. R. 4s
No. Pacific 4>£s
Illinois
Lake Shore
Street Railway
Railroad Bonds
$11,000 Baltimore & Ohio 4s
10,000 Baltimore & Ohio 4>^s
Par Value
$12,000 West
10,000 West
End 4s
End 4^9
I
Telephone Company Bonds
$25,000 Am. Tel. & Tel. 4s
5,000 Am. Tel. & Tel. 5s
5,000 N. E. Tel. & Tel. 5s
Bank Stocks
Bonds
Shs.
10 Federal Natl. Bk., Boston
30 First Nl. Bk., Boston
125 Old Colonv Tr. Co., Boston
$6,000 Boston Elevated 4J^s
20,000 Boston Elevated 5s
2,000 Eastern Mass. 43^s
BOSTON — HOME SAVINGS BANK
75
TREMONT STREET
Incorporated March
17, 1869.
Number
M. Spencer,
of corporators, 59
Robert F. Nutting, Assistant Treasurer.
Nelson J. Bowers, Assistant Treasurer.
Lindley A. Bond, Assistant Treasurer.
President.
James Manson, Clerk of the Corporation.
H. Wendell Prout, Treasurer.
Carl
of Trustees: S. L. Bartlett, G. D. Billow, Edmund Billings, Carl Brandt, A. H. Colbv.f Howard
Coonley, A. H. Curtis, C. F. Cutler,* Carl Dreyfus. D. A. Ellis, G. H.Ellis, J. E. Fee.t G. A. Fernald,
W. Stanwood Field, I. G. Hersey,* C. C. Hovt.* G. B. Johnson, Theodore Jones,* W. T. Keough,
C. W. Leonard, Frank Leveroni, F. A. Morse, f E. G. Preston, H. W. Prout, J. H. Russell,* G. S.
Smith, C. M. Spencer,* F. A. Turner.
Board
Deposits draw interest from tenth day of each month; dividends are payable the third Wednesday of
Business hours: 9 a.m. to 3 p.m.; Saturdays. 9 a.m. to 2 p.m., and for deposits
April and October.
only, 4 to 7 p.m., except during July and August.
STATEMENT OF CONDITION, OCTOBER
Assets
$10,165,373 75
Public funds, bonds and notes
4,740,687 n:>
Railroad bonds and notes
44-1.000 00
Street railway bonds
30,000 00
Boston Terminal Co. bonds
503,132 50
Telephone company bonds
Gas, electric and water company
129,000 00
bonds
184,500 00
Bank and trust company stocks
Loans on real estate (less $10,750
26,145,655 00
due- thereon)
4.731,393 00
Loans on personal securitv
380,000 00
Bank building (est. val., $800,000)
Real estate bv foreclosure, etc. (as.
31,
1924
Liabilities
Deposits (84,528 accounts, average,
$516.70)
.$43,675,629 71
580,441 .50
Christmas and other club deposits
.
Surplus:
j
a.
Guaranty fund (A-97%
of de-
posits)
|
I
h.
Profit and loss
Interest, less current expenses
Discount unearned
....
2,199,000
1,454,474
212,703
78,723
00
26
97
50
.
sessed value, $8,900)
(),4l-i2
etc.,
paid on
mortgaged properties
Due from banks and trust com-
12
Taxes,* insurance,
.
668,673 14
65,183 29
panies
Cas-h and cash items
$48,200,972 94
Total Assets
Board
942 19
of
Investment.
Total Liabilities
f
$48,200,972 94
Auditing Committee.
P.
D.
Part
8,
33
I.
Total Expenses for the Year, including; State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Other Expenses
$33,573.57
Advertising
$106,209.30
$17,965.50
paid for
$40,520.49
.84
2.20
.37
Cost per $1,000 of assets
tax
of
assets
not
including
State
and rent
per
$1,000
Cost
Gross income received during the year, $2,503,289.84.
$30,155.11
.
.70
.63
Rates on Investments and Loans (Average on
All,
Total
$228,423.97
4.74
3.53
5.32%)
1,820 real estate loans, averaging $14,365.74 (average rate, 5.86%); 5%, $182,400: h\i%, $1,076,700; 5^%,
$5,820,500; o 3A%, $257,000; 6%. $18,473,680; 6^%. $180,375; 7%, $155,000.
$100,000: 4%, $1,247,000; 4J^%,
316 personal loans, averaging $14,972.76 (average rate, 4.46%); Z X
$50,000; 4M%. Sl,057,500; 4H%, $946,055; 4%%, $342,700; 5%, $592,680; 5H%, $98,883;
$174,000.
$122,575;
6%,
5^%,
Bonds, stocks, etc. (average rate on amount invested, 4.70%).
Number of loans not over $3,000 each, 437, amounting to $730,678.
462 real estate loans made during year, amounting to $6,510,305.
A%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
....
234%
2}4%
$884,821 00
925,000 00
11,868,314 19
during year, 181,969, amounting to (accounts opened 15,285)
$13,678,135 19
10,253,105.67
withdrawals during year, 90,801, amounting to (accounts closed 12,886)
Net increase
amount due depositors (accounts increased
in
$3,425,029 52
2,399)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$840,000
250,000
800,000
300,000
6,922,200
10,000
85,000
100,000
101.000
60,000
30,000
25,000
11,500
30,000
4,000
4,000
35,000
6,750
12,000
4,000
25,000
25,000
4,000
15,000
19,642
5,000
32,000
12,920
i
U. S.Treas. Bonds 4^3
U. S.Treas. Notes 4^9
U. S.Treas. Notes 4^s
V. S.Treas. Notes 4%s
United States 4^3
Everett
5^9
la.,
6s
bV2 s
Flint, Mich., 5s
Leominster 4s
Los Angeles, Cal., 5>£s
Lowell 4*s
Minneapolis, Minn., 5s
Quincy 4s
Methuen
5s
W. Bridgewater
4s
Public Funds, Notes
$20,000 Plymouth Co. 2.40%
100,000 Chicopee 2.15%
10,000
20,000
150,000
10,000
10,000
20,000
2,000
10,000
15,000
10,000
50,000
0,000
25,000
Fall River
2^9
Lowell 2.30%
Peabody 2.35%
Agawam 2^s
Auburn 2^s
Barre 23^s
Chatham 5%s
Central Ohio 4J/£s
C, B. & Q. 4s
& St. P. 5s
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Chi., St. P., Minn. &
O. 6s
Chi., Mil.
ley
6.s
50,000 Illinois Central 5s
25,000 Kalamazoo & White
!
Pigeon 5s
265,000 Lake Shore
So. 4s
10,000 Louis., Mob.
&
Mich.
& Mont.
4^s
115,000
26,000
57,000
42,000
210,000
131,000
& St. Louis 6s
& Nash. 4^s
& Nash. 5s
N.Orleans & Mobile 6s
Maine Central 4^3
Mich. Cent.' D. & B.
Southeast
Louisville
Louisville
City 5s
50,000 Mich. Cent.-Kal.
H.
&
So.
5s
62,000 Mil. & North. 4J^s
12,000 Mil., Lake Shore
West. 5s
4,000 Mil., Lake Shore
&
&
West. 6s
50,000 Minn., St. P.
Methuen 2Ms
50,000 Minn., St. P.
Railroad Bonds
Atch. T. i S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Boston & Albanv 4s
$10,000
25,000
25,000
210,000
& Maine 4^s
& Maine 6s
& Sack.
Concord 2^s
Merrimac 2^s
Palmer 2.40%
Sandwich 2.50%
Winthrop 2.40%
4s
2,000 Danburv & Norwalk 5s
50,000 Delaware & Hudson 4s
225,000 Fitchburg 4s
58,000 Fre., Elk. & Mo. Val-
Holyoke 4s
Racine, Wis., 5s
Seattle, Wash., 5s
Toledo, O., 4^s
Toledo, O., 5J^s
Troy, N. Y., 4^s
Franklin, 4^s
& Maine
H. 5s
4,000
170,000
7,000
181,000
72,000
178,000
250,000
Michigan 5%s
Washington 6s
Akron, O., 6s
Des Moines,
Par Value
& Albany 5s
& Lowell 4s
20,000 Carth., Wat.
California 4s
California o%s
Cleveland, O.,
Par Value
$125,000 Boston
5,000 Boston
100,000 Boston
46,000 Boston
65,500 Boston
M.
M.
25,000
150,000
6,000
2,000
130,000
25,000
50,000
69,000
&
S. Ste.
&
S. Ste.
4s
5s
Minn.,S.Ste.M.&Atl.4s
Mobile & Ohio 6s
Montana Central 5s
Montana Central 6s
Nash., Flor. & Shef. 5s
N. Y. C. & H. R. 4s
N. Y. & Northern 5s
Norfolk & Western 6s
$54,000
71,000
63,000
101,000
195,000
200,000
6,000
117,000
26,000
50,000
200,000
North Wisconsin 6s
Northern Ry. 5s
Northern Cal. R'y 58
Ohio River 5s
Old Colony 4s
Pennsylvania 5s
Penn. & Northwest. 5s.
Pine Creek 6s
Pitts. McK. & Y. 6s
Port. & Ogdensb'g 4^3
San Fran. & San J.
50,000
85,000
100,000
36,000
10,000
50,000
67,000
11,000
St. P.,
St. P.,
Val. 5s
Minn. & Man. 4s
Minn. & Man. 6s
No. Alabama 5s
Southern Pacific 6s
Spok. Falls & No. 6s
So.
&
Vermont
Wil.
&
Wilm.
Val.
4^s
Sioux Falls 5s
& Weldon
5s
Street Railway Bonds
Boston Elevated 4^s
$150,000
25,000
37,000
50,000
75,000
99,000
Holyoke 5s
West End 4^s
West End 5s
West End 6s
West End 6Ms
10,000 Wore. Consol.
4^s
Boston Terminal Co. Bonds
$30,000 Boston Terminal 33^s
Telephone Company Bonds
$134,000 Am. Tel. & Tel. Co. 4s
210,000 Am. Tel. & Tel. Co. 5s
171,000 N. E. Tel.
&
Tel. Co. os
Gas, Electric and Water
Com-
pany Bonds
$104,000 N. E. Power Co. 5s
25,000 Weymouth L. & P. Co.
5^3
Bank Stocks
Shs.
1,000 First Nl. Bk., Boston
75 Atl.Nl. Bk., Boston
220 Merchants Nl. Bk., Boston
125 Nl. Union Bk., Boston
400 Second Nl. Bk., Boston
25 Web. & At. Nl. Bk., Boston
—
34
BOSTON -HYDE PARK SAVINGS BANK
Incorporated
March
8,
Number
1871.
of corporators,
Frederick N. Tirrell, President.
John H. Burt, Clerk of
Board of Trustees: H. F. Arnold,* H.
8,
Part
I.
S.
Arthur H. Burt, Treasurer.
the Corporation
Bunton,*t A. H. Burt, L.
S.
38
C Graham
Evans F
* A
R na » a
+
"erestj™, ^sinessda, o^eaoh -n^dividead, a^payab.e Jan^ 15 and JuIy
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
das, electric and water company
bonds
Federal Land Bank bonds
Bank and trust company stocks
....
building
(est.
val, $39,300)
Real estate by foreclosure,
sessed vahic, $1 ,600)
Due fro.m banks and
31,
1924
Liabilities
$567,284
655,260
136,018
39,852
60
50
50
50
Deposits (7,506 accounts, averaae,
$44046)
Christmas and other club deposits
.
Surplus:
a.
85,000 00
20,000 00
Guaranty fund (4-93% of
$3,306,096 43
78,500 50
de-
....
....
posits)
167,024
150,333
56,460
6,388
Profit and loss
Interest, less current expenses
b.
8,801 00
1,290 00
Securities acquired for debts
Loans on real estate (less $4,966.75
due thereon)
Loans on personal security
Bank
D.
RIVER STREET (HYDE PARK DISTRICT)
1196
Deposits
P.
Discount unearned
54
61
31
43
1,638,608 25
405,984 00
16,930 83
etc. (as
1,871 83
trust
com
pacies
179,264 03
8,637 78
Gash and cash items
Total Assets
$3,764,803 82
Total Liabilities
$3,764,803 82
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
Advertising
Amount
paid for
$7,013.56
$9,723.72
$1,000.00
1.86
2.58
Cost per $1,000 of assets
.26
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $187,077.33.
$320.27
.09
Rates on Investments and Loans (Average on
499
real estate loans,
All,
Other Expenses
Total
$2,982.03
$21039 58
.79
5.58
3.46
5.29%)
averaging $3,283.79 (average rate, 5.96%); 5}4%, $45,000; b lA%, $40,000: 6%.
$1,553,608.
averaging $8,119.68 (average rate, 4.73%); 3%%, $25,000; 4%, $60,000; ili%,
4%%, $78,000: 5%, $78,730; 5M%, $60,000; 6%, $34,254.
(average rate on amount invested, 4.71%).
Number of loans not over $3,000 each, 364, amounting to $605,759.
85 real estate loans made during year, amounting to $550,500.
50 personal
loans,
$45,000;
Bonds,
434%, $25,000;
stocks, etc.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of withdrawals during year, 8,814,
Net
increase in
*
Board
2}4%
2M%
....
....
$67,385 18
69,077 13
911,319 67
during year, 18,000, amounting to (accounts opened 1,086)
amounting
to (accounts closed 961)
amount due depositors (accounts increased
of
Investment.
125)
$1,047,781 98
896,502 09
$151,279 89
.
t Auditing
Committee.
P.
D.
8,
Part
35
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000 U. S. Treas. Bonds 4}is
45,000 U. S. Treas. Notes 4^s
17,000 U. S. Treas. Notes 4^s
45,000 U. S. Treas. Notes 4%s
352,350 United States 4^s
15,000 Jersey City, N. J., 6s
25,000 Lima, O., 6s
25,000 Minneapolis, Minn.,4%s
10,000 New Bedford 4^s
8,000 Hyde Park 4s
15,000 Kittery, Me. (W. D.), 5s
$20,000
Railroad Bonds
Baltimore & Ohio 3^3
Baltimore & Ohio 4s
Baltimore & Ohio 4>£s
Boston & Albany 4s
Boston & Albany 5s
Boston & Lowell 4s
Boston & Lowell 5s
Boston & Maine 4^s
Boston & Maine 6s
15,000
25,000
21,000
29,000
3,000
30,000
50,000
15,500
10,000 C, B. & Q. 3J^s
20,000 C, B. & Q. 4s
28,000 Chi., Mil. & St. Paul 4s
31,000 Chi., Mil. & St. Paul 4^s
& Northwestern 4s
Fitchburg 4s
Fitchburg 4^s
Fitchburg 5s
Illinois Central 3^s
Illinois Central 4s
Lake',Shore & Mich. So. 4s
Louisville & Nash. 5s
Maine Central 4*^3
Maine Central 5s
Minn., St. P. & S. Ste.
Chi.
Par Value
$44,000
50,000
70,000
25,000
25,000
10,000
10,000
5,000
Street Railway Bonds
Boston Elevated 4^s
Boston Elevated 5s
Eastern Mass. 4j^s
Lynn & Boston 5s
$30,000
20,000
45,000
9,000
22,000
20,000
West End
West End
&
Tel. Co. 4a
Com-
$5,000 Marl.-Hud.Gas Co. 5J^s
20,000 N. B. Gas & Ed. Lt. Co. 5s
10,000 Newb'p't Gas & Elec. Co.
5s
10,000 N. E. Power Co. 5s
15,000 West Boston Gas Co. 7s
25,000 Wore. Gas Lt. Co. 5^3
Federal
4s
Tel.
pany Bonds
4s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Port. & Ogden. 4^s
Upper Coos 4s
Vermont Valley 43^s
Wore, Nash. & Roch.
Am.
Gas, Electric and Water
M.
Land Bank Bonds
$20,000 St. Paul, Minn. 5s
Bank Stocks
Shs.
76 First Nl. Bk., Boston
6 Merchants Nl. Bk., Boston
6 Second Nl. Bk., Boston
14 First Nl. Bk., Newby'p't, in
4s
5s
BOSTON — INSTITUTION FOR SAVINGS
2343
Telephone Company Bonds
Par Value
$30,000
2,000
14,000
15,000
10,000
20,000
10,000
25,000
15,000
15,000
50,000
liq.
IN
ROXBURYAND
ITS VICINITY
WASHINGTON STREET (ROXBURY DISTRICT)
Incorporated February 22, 1825.
Number
of corporators,
40
Henry West,
Charles G. Smith, President.
Arthur B. Joslin, Clerk of the Corporation.
Treasurer.
Leonard C. Nickerson, Assistant Treasurer.
of Trustees: H. S. Adams, G. S. Baldwin, S. M. Bolster, Wilfred Bolster, S. G. Bradlee.t R. E.
Chafey, W. D. Cotton,* Nelson Curtis,f W. A. Gaston,* Joseph Morrill,* Hugh Nawn, J. N.
Palmer.t Fred Seaver, C. G. Smith,* S. L. Treadwell, Henry West, J. D. Williams.
Board
Deposits draw interest from fifteenth day of each month; dividends are payable the sixteenth day of April
and October. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Saturdays, 7 to
9 p.m. for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and note3
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
.
Securities acquired for debts
Loans on real estate (less $8,300
due thereon)
Loans on personal security
Bank building (est. ml., $250,000)
Real estate by foreclosure, etc. (as^
sessed value, $3,000)
Due from banks and trust com
....
Cash and cash items
Total Assets
Board
1924
Liabilities
$3,934,163
5,348,988
388,867
110,000
104,862
30,400
1,934
50
25
50
00
50
00
00
Deposits (26,819 accounts, averaye,
$604-75)
$16,218,662 68
Surplus:
a. Guaranty fund U.97% of de-
—
.
b. Profit and loss
Interest, less current expenses
.
taxes
5,383,525 00
1,574,001 00
153,671 75
807,000 00
237,247 29
posits)
Discount unearned
and
...
16,601 21
3.114 04
1,046 20
226,898 68
24,266 84
panies
*
31,
$17,282,625 22
of
Investment.
Total Liabilities
$17,282,625 22
t Auditing Committee.
.
36
P. D.
8,
Part
1
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Rent
Salaries
Advertising
Amount
paid for
S3S.623.78
$30,823.00 $4,500.00
2.23
1.78
Cost per 81,000 of assets
.26
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $811,726.26.
$613.66
.04
Other Expenses
Total
$10,297.59
$84,858 03
.60
4.91
2 42
Rates on Investments and Loans (Average on
All,
4.85%)
785 real estate loans, averaging $6,85 99 (average rate, 5.81%); 5%, $217,850; h\i%, $477,000;
$942,420: o%%, $16,000; 6% $3,727,755; GM%, $2,500.
(average rate, 4.72%); 434%, $100,000; 434%, $687,800;
44 personal loans, averaging $35,772
$250,000; 5%, $324,000; 534%, $100,000; 5M%. $106,200: 534%, $6,000.
Bonds, stocks, etc. (average rate on amount invested, 4.35%).
Number of loans not over $3,000 each, 386, amounting to $746,900.
83 real estate loans made during year, amounting to $1,362,200.
5^2%
4%%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
234%
2%
.
.
$340,757 13
307,565 36
3,585,889 46
.
during year, 45,901, amounting to (accounts opened 3,520)
$4,234,211 95
3,623,408 41
withdrawals during year, 25,374, amounting to (accounts closed 3,846)
Net increase
amount due depositors (accounts decreased 326)
in
$610. S03 54
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$3,983,650 United States 4J^3
10,000 Massachusetts 4s
100,000
370,000
350,000
20,000
25,000
Railroad Bonds
Atch., Top. & S. Fe 4s
$80,000
135,000
175,000
209,000
100,000
100,000
85,000
340,000
210,000
38,500
340,000
50,000
50,000
780,000
150,000
50,000
Baltimore &Ohio43^s
Boston & Albany 3 349
Boston & Albany 4s
Boston & Lowell 434*
Boston & Lowell 5s
Boston & Maine 334s
Boston & Maine 4s
Boston & Maine 434s
Boston & Maine 6s
C,
C,
B.
B.
&
&
Q. 33^9
Q. 4s
& St. P. 4s
& St. P. 4349
& St. P. 5s
& Northwest. 3^s
BOSTON
— LINCOLN
1111
Incorporated
James W. Colgan,
1
Central 3s
Central 334 s
Maine Central 434s
Michigan Central 334s
Illinois
Illinois
Boston Terminal Co. Bonds
$110,000 Boston Terminal 3
Mich. Cent.-Jol. &
No. Ind. 4s
100,000 N. Y. C. &H. R. 334s
175,000 X. Y. C. &H. R. 43^9
330,000 N.Y..N.H. &H. 3349
320,000 N. Y., N. H. & H. 4s
75,000 No. Pacific 434s
20,000 Old Colony 4s
150,000 Pennsvlvania 4349
50,000 Portland Ter. Co., 4s
70,000 Port. & Ogdens. 4349
25,000 Providence Ter. Co. 49
10,000 Washington Co. 334s
50,000 Worc.,Na9h.& Roch.4s
Chi., Mil.
Chi., Mil.
Chi., Mil.
Chi.
Street Railway Bonds
Par Value
$80,000 Boston Elevated 4s
250,000 Boston Elevated 4'^s
67,000 Easterri Mass. 4 >>
Par Value
$25,000 Conn. & P. Rivers 4s
100,000 Delaware & Hudson 4s
200,000 Fitchburg 4s
100,000 Fitchburg 434s
50,000 Gt. Northern 4J4s
'.s
Telephone Company Bonds
$105,000 N. E. Tel.
& Tel. Co.
5s
Bank Stocks
Shs.
66 Atl. Nl. Bk., Boston
173 Nl. Rockland Bk., Boston
55 Second Nl. Bk., Boston
10 Web. & Atlas Nl. Bk., Bo-ton
SAVINGS BANK
COLUMBUS AVENUE
November
5,
1915.
Number
of corporators,
69
Joseph Engel, Treasurer.
President.
Homer G. Bean,
Clerk of the Corporation
W. H.
Atkins, Simon Barnard,* Frederic Bleiler, A. A. Brown, t J- H. Carnev, J. W.
Colgan,* A. W. Engel,* Joseph Engel, A E. Gladwin, f J. T. Hosford, T. F. Hunt,* G. E. Jacobs,
Oscar Lefevre, A. E. Lewis, Charles Liffler,* Charles Littler, Jr., G. P. McLellan, R. A. McLellan,*
G. W. Macwha.t J. F. Mungovan, H. S. Ormsby, Cornelius Vander Pyl,* S. J. Rantin, F. W. Rugg.*
Board
of Trustees:
Deposits draw interest from first day of January, April, July and October; dividends are payahl" January 1
and July 1. Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to )2 m.; also 5 to 8 p.m., for
deposits only.
*
Board
•
of
Investment.
t
Auditing Committee.
—
P. D. 8, Part
37
I.
STATEMENT OF CONDITION, OCTOBER
1924
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water compan
bonds
Loans on real estate
Loans on personal security
Due from banks and trust com
(1,145 accounts, average,
Deposit-;
$66,647
56,181
12,299
4,375
$407,116 10
$355.56)
Surplus:
Guaranty fund (2.03%
a.
7,754
8,254 00
3,554 11
5,268 89
posits)
b. Profit and loss
Interest, less current expenses
.
4.S12
250,075
1,650
panies
of dt-
.
.
.
18,827 77
1,569 95
Cash and cash items
Total Assets
Total Liabilities
$424,193 10
$424,193 10
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
.
Other Expenses Total
$387.78
$2,443.78
.91
5.76
3.94
Advertising
paid for
$1,255.00
$420.00
$351.80
2.96
.99
Cost per $1,000 of assets
.83
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $20,159.03.
$29.20
.
.07
.
Rates on Investments and Loans (Average on
All,
77 real estate loans, averaging 53,247.73 (average rate, 6.03%) o A%, $2,000;
3 personal loa7is, averaging $550 (average rate, 6%); 6%, $1,650.
Bonds, stocks, etc. (average rate on amount invested, 4.37%).
Number of loans not over $3,000 each, 45, amounting to $85,725.
13 real estate loans made during year, amounting to 850,350.
l
;
5.40%)
6%, $230,675; 6^%.
$17,400.
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
$6,861.44
7,359 40
172,710 21
2J^%
2}4%
during year, 3,514, amounting to (accounts opened 322)
$186,931 05
123,797 38
withdrawals during year, 1,972, amounting to (accounts closed 201)
Net increase
in
amount due depositors (accounts increased
$63,133.67
121)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$200 United States 3^s
58,750 United States 4^s
3,000 U. S. Treas. Notes 4^s
7,000 U. S. Treas. Notes 4%s
$2,000
2,000
4,000
5,000
3,000
5,000
Railroad Bonds
& Ohio 4s
& Ohio 4)^s
& Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany 4s
Baltimore
Baltimore
Baltimore
1,000 C, B. & Q. 4s
2,000 Chi., Mil. & St. Paul 4s
Street Railway Bonds
Par Value
$3,000 Boston Elevated 4s
2,000 Boston Elevated 4^3
5,000 Boston Elevated 5s
Par Value
$5,000 Delaware & Hudson 4s
5,000 Great Northern 4^9
3,000 Illinois Central 4s
3,000 James., Frank. & Clearfield 4s
4,000 Minn., S. P. & S. Ste. M.4s
3,000 Northern Pacific 4>£s
4,000 N. Y. C. & H. R. 4^s
2,000 Portland Terminal Co. 4s
6,000 Pennsylvania 4^s
2,000 Pennsylvania 5s
3,000
Boston Terminal Co. Bonds
$5,000 Boston Terminal
Telephone Company Bonds
$2,000 Am. Tel. & Tel. Co. 4s
6,000 N. E. Tel. & Tel. Co. 5s
West End 6^a
3^9
Gas, Electric and Water
Com-
pany Bonds
I
$5,000
New England Power
5a
BOSTON — NORTH END SAVINGS BANK
57
COURT STREET
Incorporated February 17, 1870.
Number
of corporators,
William G. Shillaber, President.
Edwin A. Bayley,
37
Frank E. Buxton, Treasurer.
Clerk of the Corporation
—
P. D. 8, Part I.
38
Board of Trustees: Herbert Austin, E. A. Bayley, C. G. Burgess,* J. T. Burnett, F. E. Buxton, R. J.
Dunkle.f Hollis French, H. L. Jones, A. G. Keith, W. S. Locke, t C. E. Phipps, J. S. Richardson,
H. S. Rowe, C. P. Shillaber, W. G. Shillaber,* S. F. Squires,* Winthrop Wetherbee.t M. P. White,
A. M. Wiggin,*t C. E. Wiggin.*
Deposits draw interest from
first
business day of each month; dividends are payable January
Business hours: 9 a.m. to 2 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. Bonds
Telephone company bonds
31,
and July
1
1.
1924
Liabilities
Securities acquired for debts
Loans on real estate
Loans on personal security
Real estate by foreclosure, etc. (as
sessed value, $1,000)
Due from banks and trust com
.
$1,001,797
987,616
169,245
213,118
93,110
1,000
3,720,929
1,194,619
48
25
00
00
00
00
00
05
....
....
Deposits (10,641 accounts, average,
$66543)
Surplus:
Guaranty fund (4-99%
a.
posits)
.$7,080,842 31
of de
353,100
233,203
48,092
8,139
Profit and loss
Interest, less current expenses
b.
.
Discount unearned
.
00
94
25
32
1,933 13
333,754 83
6,255 08
panies
Cash
Total Assets
$7,723,377 82
Total Liabilities
$7,723,377 82
Total Expenses for the Year, Including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
paid for
$12,773.99
$20,776.67
$6,000.00
1.65
.78
Cost per $1,000 of assets
2.69
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $389,530. 14.
.
Total
Other Expenses
$7,658.17
$50,291.59
6.51
.99
4.08
Advertising
$3,082.76
.40
Rates on Investments and Loans (Average on
All,
5.19%)
(average rate, 5.79%); 4%, $7,000; 4J^%, $65,000;
$12,000; 5%, $403,150; 5M%, $196,500; 5^%, $139,500; 6%, $2,897,679.
87 personal loans, averaging $13,731.25 (average rate, 4.79%); 4%, $1,500; 4K%, $544,200;
$125,000; 5%, $413,469; 534%, $50,000; 5V2 %, $37,100; 6%, $23,350.
Bonds, stocks, etc. (average rate on amount invested, 4.48%).
Number of loans not over $3,000 each, 304, amounting to $485,469.05.
47 real estate loans made during year, amounting to $559,800.
538
real estate loans, averaging $6,916.22
4K%,
4^%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924, 2J-£%
July, 1924,
Number
of deposits
Number
of
$149,868 08
2M%
152,561 09
1,132,956 55
during year, 11,254, amounting to (accounts opened 630)
$1,435,385 72
1,182,715 27
withdrawals during year, 8,579, amounting to (accounts closed 1,475)
Net increase
in
amount due depositors (accounts decreased 845)
$252,670 45
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Par Value
$11,000 Boston
$75,000 U. S. Treas. Bonds
200,000 U. S. Treas. Notes
185,700 U. S. Treas. Notes
19,350 United States 3^s
533,600 United States 4^s
75,000
35,000
50,000
25,000
145,000
25,000
75,000
50,000
100,000
50,000
50,000
50,000
25,000
100,000
4Ms
4^s
4%s
Public Funds, Notes
$10,000 Southboro 4.10%
Railroad Bonds
$50,000 Atch., Top. & S. Fe" 4s
50,000 Baltimore & Ohio 4s
50,000 Boston & Albany 5s
*
Board
of Investment.
& Maine 6s
B. & Q. 3Hs
Chi. & Northwestern 4s
Chi., Mill. & St. P. 4^s
Erie & Pittsburgh 3^s
Fitchburg 4s
Illinois Central 3s
Illinois Central 3Hs
Illinois Central 4s
Maine Central 4^s
Michigan Central 3^8
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3J^s
N. Y.. N. H. & H. 4s
l
Northern Pacific 4 As
C,
Par Value
$70,000 Portland Term. Co. 4s
25,000 Upper Coos 4s
Street Railway Bonds
Boston Elevated 5s
Eastern Mass. 4^s
$50,000
50,000
50,000
50,000
West End
5s
Wore. Consolidated 43^8
Boston Terminal Co. Bonds
$205,000 Boston Terminal 3>$9
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$100,000
t Auditing
Committee.
—
D.
8,
Part
39
I.
BOSTON
THE PROVIDENT INSTITUTION FOR SAVINGS
TOWN OF BOSTON
-
36
Incorporated
December
IN
THE
TEMPLE PLACE
13, 1816.
Number
of corporators, 134
John S. Adams, Treasurer.
Robert D. Brewer, Vice-Treasurer.
Louis Curtis, President.
Francis C. Gray, Clerk of the Corporation.
Board of Trustees: Gordon Abbott,* C. F. Adams,* Oliver Ames, Roger Amory.t F. R. Bangs, t S. P.
Bremer, H. B. Cabot, Philip Cabot, C. E. Cotting, Allen Curtis, C. P. Curtis, Louis Curtis, E. B.
Dane.f Livingstone Davis, G. L. DeBlois, P. Y. DeXormandie, Philip Dexter,* W. A. Dupee,*
E. N. Fenno. W. C. Forbes, G. P. Gardner, E. W. Grew,* Robert Homans, H. S. Howe, J. C. Howe,
Ralph Lowell, R. T. Lyman, R. C. Morse, A. L. Ripley,* R. G. Shaw, Jr., F. W. Stearns,* R. H.
Stevenson, Jr., M. B. Stone, Samuel Vaughan, W. W. Vaughan, S. H. Wolcott.*
Deposits draw interest from the fifth day of each month; dividends are payable January 15 and July 15.
Business hours: 9 a.m. to 2 p.m.; Thursdays from 2 to 6 p.m., for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
$25,049, S12
Railroad bonds and notes
18,484,677
Street railway bonds
1,319,000
Boston Terminal Co. bonds
960,000
Telephone company bonds
1,581,186
Gas, electric and water company
bonds
1,739,637
Bank and trust company stocks
434,300
.
Securities acquired for debts
Loans on real estate (less SI, 500
due thereon)
Loans on personal security
Bank building (est. val.,
Due from banks and
.
.
.
.
$1 ,750,000)
trust com-
panies
Cash and cash items
.
.
.
Total Assets
1S24
31,
Liabilities
62
50
00
00
75
50
00
14,375 00
Deposits
(107,102 accounts, aver$79,889,564 75
age, $745.92)
Surplus:
Guaranty fund (4-97%
a.
of de-
....
....
posits)
Profit and loss
Interest, rents, etc.,
b.
less
expenses and taxes
Discount unearned
Other liabilities
25,003,165 00
8,671,973 00
570,000 00
3,970,000 00
881,749 98
current
1,069,442 58
20,114 58
50 35
1,905,640 52
97,154 35
Total Liabilities
$85,830,922 24
$85,830,922 24
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
paid for
$138,539.61 $110,996.67
$60,000.00
Cost per $1,000 of assets
1.62
1.30
.69
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $4,200,466.37.
$2,212.97
.
.02
Rates on Investments and Loans (Average on
323
Total
Other Expenses
$350,552.71
$38,803.46
4.08
.45
1.77
All,
4.83%)
averaging $77,409.18 (average rate, 5.31%); 4%, $708,750: 4J^%, $30,350; 5%,
$9,664,700; 5^%, $4,081,000; 5K%, $6,188,250; 5%%, $130,000; 6%, $4,000,115; 6}4%, $200,000.
364 personal loans, averaging $23,824.10 (average rate, 5.06%) 43^%, $1,261,000; 4%%. $111,000; 5%,
real estate loans,
;
5J4%, $3,999,065; 5^%, $385,325.
(average rate on amount invested, 4.55%).
not over $3,000 each, 284, amounting to $285,728.
25 real estate loans made during year, amounting to $2,252,050.
$2,915,583;
Bonds,
stocks, etc.
Number of loans
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits during year, 217,580,
Number
of withdrawals during year, 105,580,
Net increase
*
in
Board
2^%
2*4%
amounting to (accounts opened 8,442)
amounting to (accounts closed 9,315)
amount due depositors (accounts decreased 873)
of
Investment.
.
.
.
$1,652,281 08
1,708,906 55
14,794,543 93
$18,155,731 56
14,021,273 70
$4,134,457 86
t Auditing
Committee.
40
P. D. 8, Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Par Value
$250,000 Certs, of Indebt. 4^9
Certs, of Indebt. 4^s
Certs, of Indebt. 4%s
U.S. Treas. Bonds 4Ji»
United States 3Ms
United States 4J|a
1,800,000
3,016,000
600.000
9,450
18,478,950
100,000
84,000
150,000
California
5^s
Massachusetts 3!^s
Massachusetts 4s
450,000 Boston 4s
150,000 Boston 5s
66,000
3,000
54,000
17,100
6,000
50,500
22,500
129,000
Lynn
4s
Quincy 4s
Springfield
4^s
Brookline 3.45%
Brookline 3.60%
Dalton 4s
Grafton 4s
Manchester 4s
Public Funds, Notes
$600 Brookline 3^s
57,867 North Adams 33^s
13,000 North Adams 3.60%
4,000 North Adams 3%s
10,200 North Adams 3.65%
Railroad Bonds
Albanv & Susque. 3^s
Alleghanv Valley 4s
Atlantic Coast Line 4s
Atch., Top. & S. Fe 4s
Baltimore & Ohio 3 2 s
Bangor & Aroostook 5s
Beech Creek 4s
510 000 Boston & Albanv 4s
100,000 Boston & Albanv 4H»
340,000 Boston & Albanv 5s
174,000 Boston & Lowell 4s
50,000 Boston & Lowell 4J£s
500,000 Boston & Lowell 5s
200,000 Boston & Maine 4s
$50,000
100,000
225,000
483,000
300,000
100,000
100,000
1
$150,000
45,000
2,170,000
15,000
750,000
300,000
750,000
200,000
550,000
700,000
50,000
250,000
700,000
950,000
250,000
750,000
550,000
400,000
40,000
350,000
350,000
100,000
Par Value
& Maine 4^s
& Maine 6s
& Prov. 5s
Boston, R.B.&L. 4^s
C, B. & Q. 4s
Chi., Mil. & St. P. 4s
Chi., Mil. & St. P. 4^s
Chi., Mil. & St. P. 5s
Chi. & Northwest. 4s
Chi. & Northwest. 53
Chi., R. I. & Pac. 4s
Boston
Boston
Boston
Conn. River 4s
Delaware & Hudson 4s
Fitchburg 4s
Fitchburg 43^3
Illinois Central 33^s
Illinois Central 4s
Lake Sh.& Mich. So .4s
Louis. ,Cin. & Lex. 4J^s
Louisville & Nash. 4s
Maine Central 4^s
Mich. Cent.-Jol. & N.
Ind. 4s
150,000 Minn.,
M.
St. P.
4s
&
S. Ste.
150,000 Mobile & Montgomery 4J^s
200,000 New England 4s
119,000 N.Y.C.& H.R. 33^3
400,000 N.Y.C.&H.R.43
300,000 N.Y. & N. E. Term. 4s
390,000 N.Y., N.H.& H. 3^s
450,000 N.Y., N.H.& H.4s
86,600 N.Y..N.H.& H. 6s
125,000 Norfolk & Western 4s
36,000 Norfolk & Western 6s
110,000 No. Pacific 3s
400,000 No. Pacific 4s
450,000 Old Colony 4*
250,000 Old Colony 5j^s
400,000 Pennsylvania 4^s
100,000 Pennsvlvania 5s
300,000 Phila., Bait. & Wash.
5s
Portland Term. Co. 4s
$200,000
275,000
150,000
375,000
200,000
200,000
107,000
&
St. P., Minn.
Man. 4s
St. P., Minn. &Man.4 J^s
So. Pacific 4s
Union Pac. 4s
Union Pac. 5s
Upper Coos 4^3
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 5J^s
Eastern Mass. 4^3
$250,000
250,000
500,000
150,000
100,000
150,000
Holvoke
5s
West End 4s
West End 6^3
Boston Terminal Co. Bonds
$1,000,000 Boston Terminal 3£s
Telephone
Company Bonds
$1,350,000 Am. Tel. & Tel. Co. 4s
390,000 N. E. Tel. & Tel. Co 5s
Gas, Electric and Water
Com-
pany Bonds
$100,000
750,000
35,000
175,000
180,000
500,000
Lawrence Gas Co. 7a
N.B. Gas.&Ed.Lt. Co. 5s
N.B.Gas&Ed.Lt. Co. 6s
N. E. Power Co. 5s
Lt. & P. Co. 5s
TurnersFallsP.&E.Co.53
Quincv E.
Bank Stocks
Shs.
360 First Nl. Bk., Boston
1,000 Merchants Nl. Bk., Boston
571 Nl. Shawmut Bk., Boston
312 Nl. Union Bk., Boston
848 Second Nl. Bk., Boston
612 Web. & At. Nl. Bk., Boston
BOSTON — SOUTH BOSTON SAVINGS BANK
368
WEST BROADWAY (SOUTH BOSTON DISTRICT)
Incorporated
March
George A. Tyler, President.
Edwin R. Barnes,
Clerk of the Corporation.
30, 1S63.
Number
of corporators, 59
Alfred Y. Mitchell, Treasurer.
Frank G. Neal, Assistant Treasurer.
Board of Trustees: E. H. Baker,* James Bertram, E. S. Boland, G. H. Bond,* R. M. Bowen.f J. PBradley, E. A. Church,* J. H. Corney, R. E. Harrison, C. S. Jennev, G. F. Lawlev, M. F. Lord. A. Y.
Mitchell, J. A. Mitchell.* C. M. Nichols,* J. C. Nichols,* R. H. Nichols, C. H. Slatterv,* J. L.
Spaulding, Jr.,*t C. G. Stickney, M. I. Stone, W. P. Stone, f G. A. Tyler.*
Deposits draw interest from the third Wednesday of each month: dividends are payable on and after the
third Wednesday of April and October.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.;
also Mondays, from 7 to 9 p.m. for deposits only.
* Board of Investment.
t Auditing
Committee.
—
P.
D.
8,
Part
41
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less So, 500
due thereon)
Loans on personal security
Bank building (est. xaL,
Due from banks and
$75,000)
ttust
.
$6,154,211
1,203,678
130,000
150,000
241,495
30
75
00
00
57
31,
Liabilities
Deposits (28,414 accounts, average,
$530.02)
$15,059,905 57
Surplus:
a.
Guaranty fund (4.91%
of de-
....
....
posits)
Profit and loss
Interest, rents, etc.,
b.
526,948 17
25,100 00
1924
less
expenses and taxes
Discount unearned
4,773,905 00
3,024,000 00
50,000 00
740,000 00
538,240 68
current
51,109 94
2,419 19
com-
panies
72,182 24
40,124 35
Cash and cash items
Total Assets
$16,391,675 38
Total Liabilities
$16,391,675 38
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$24,142.81
$31,255.00
$2,000.00
Cost per $1,000 of assets
1.47
1.91
.12
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $835,010.86.
.
Advertising
$315.00
.02
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$7,860.34
$65,573.15
.48
4.00
2.41
5.11%)
1,761 real estate loans, averaging $2,710.91 (average rate, 6%); 6%, $4,773,905.
129 personal loans, averaging $23,441.86 (average rate, 4.92%); 4%, $50,000;
V/i%, $400,000; 4$%,
l
$75,000; 5%, $816,910; 5H%, $25,000; 5H%, $812,900; b /,%,
$346,890.
(average rate on amount invested, 4.67%).
Number of loans not over $3,000 each, 1,183, amounting to $1,968,335.
163 real estate loans made during year, amounting to $588,700.
$497,300;
Bonds,
4%%,
stocks, etc.
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year; April, 1924,
Number
of deposits
Number
of
2M%
A%
Oct., 1924, 2 l
during year, 58,129, amounting to (accounts opened 2,842)
withdrawals during year, 32,178, amounting to (accounts closed 3,417)
Net increase
in
amount due
depositors (accounts decreased 575)
$313,038 90
317,299 08
3,938,968 74
$4,569,306 72
3,883,650 68
$685,656 04
42
P. D. 8, Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 U. S. Treas. Notes 4}£s
300,000 IT. S. Treas. Notes 4^s
1,301,900 U. S. Treas. Notes 4%s
3,144,550 United States 4Js
25,000 Michigan 5%s
25,000 Minnesota 5s
75,000 Oregon 5^9
25,000
49,000
30,000
20,000
60,000
25,000
40,000
50,000
25,000
35,000
25,000
50,000
27,000
28,000
25,000
18,000
84,000
25,000
25,000
27,000
1,000
75,000
34,000
37,700
100,000
8,000
5,350
50,000
8,000
5,500
2,080
5,000
16,500
23,800
25,000
12,000
17,000
30,000
Par Value
Washington 5J^s
Washington 6s
Akron, O., 6s
Boston 4s
Boston 4^s
Boston 5s
Bridgeport, Conn., 6s
Cincinnati, O., 5%s
Cincinnati, O., 6s
Cleveland, O., 5s
Dayton, O., 6s
Detroit, Mich., 6s
Fall River 4^s
$35,000 S. L., Peoria& North. 5s
25,000 St. P., Minn. & Man. 4s
30,000 Wil. & Sioux Falls 5s
35,000 Wore, Nash. & Roch.4s
Public Funds, Notes
$2,000 Framingham 4s
8,000 Norwood 4s
21,950 Norwood 5%s
16,000 So. Hadley 4^s
§150,000 Boston Terminal 3J^s
Railroad Bonds
$25,000 Atch., Top. & S. Fe 4s
25,000 Baltimore & Ohio 4s
25,000 Baltimore & Ohio 5a
50,000 Boston & Albany 3^3
100,000 Boston & Albany 4s
25,000 Boston & Maine 4>£s
11,000 Boston & Maine 6s
New England 4s
New Orleans & Mob. 6s
N. Y. C. & H. R. 3^9
N. Y. C. & H. R. 4s
N. Y., N. H. & H.3^9
N. Y., N. H. & H. 4s
Marblehead
25,000
25,000
60,000
25,000
25,000
60,000
40,000
14,000
75,000
50,000
Onset 4s
50,000 St.
Taunton 4^s
Toledo, O., 6s
Arlington 4^9
Belmont 4s
Brookline 43^9
East Bridgewater
Gardner 5s
Gardner 5}4a
4^9
Hudson 4s
5^9
Norwood 4^9
Telephone Company Bonds
$100,000
50,000
&
Central 4s
la., Minn. & N. W. 3^9
Lake Sh. & Mich. So. 4s
Nash, os
Maine Central 4^s
Maine Central 5s
M.
St. P.
&
S. Ste.
4s
Bank Stock
No. Maine Seaport 5s
Norwich & Wore. 4s
Old Colony 4s
Ports., Gt. F.
&
Shs.
&
NX
Bk., Boston
9 Merchants Nl. Bk., Boston
100 Nl. Shawmut Bk.. Boston
18 Second Nl. B., Boston
100 Web. & Atlas Nl. Bk., Boston
24 First
Con-
way 43^9
J.
Com-
S50.000 Charlestown Gas & El.
Co. 5s
25,000 Clinton Gas Lt.Co. 4Ms
50,000 Hingham Water Co. 5s
50,000 Lawrence Gas Co. 7s
25,000 N. B. Gas & Ed. Lt.
Co. 5s
25,000 N. B. Gas & Ed. Lt.
Co. 6^9
100,000 N. E. Power Co. 5s
50,000 Newb'pt G. & E. Co. 5s
60,000 Old Colonv Gas Co. 5s
26,000 Pittsheld Elec. Co. 6s
50.000 Turners Falls P. & El.
Co. 5s
20,000 Wore. Gas Lt. Co. 6s
Illinois
Minn.,
Tel. Co. 4s
Tel. Co. 5s
Tel. 4s
& Tel. Co. 5s
&
pany Bonds
Fre., Elk.
Mo. Val. 6s
Illinois Central 3J^s
&
&
&
Tel.
Tel.
Gas, Electric and Water
Fitchburg 4s
Louisville
Am.
Am.
10,000 N. E. Tel.
100,000 N. E. Tel.
& Q. 4s
& Pitts. 3^s
& Pitts. 4^s
B.
Cleve.
Cleve.
Bonds
6^9
Boston Terminal Co. Bonds
C,
Los Angeles 4Hs
Manchester, N. H., 5s
New Bedford 5s
New Bedford 53^9
Northampton 4-%s
SanFrancisco,Cal.,4H9
Seattle, Wash., 5s
Street Railway
$130,000 West End
j
80,000
25,000
25,000
25,000
15,000
75,000
25,000
10,000
25,000
10,000
62,000
18,000
50,000
Fall River 4^s
Fall River 5j^s
Flint, Mich., 5s
Hamilton, O., 6s
Lima. O., 6s
Lowell 5s
Par Value
I
$27,000 Sunderland 4^s
29,000 Scituate 4J^9
27,000 Westford 4^9
L. C. 5s
BOSTON — SUFFOLK SAVINGS BANK FOR SEAMEN AND OTHERS
1
Incorporated
TREMONT STREET
March
7,
1833.
Number
of corporators, 143
Augustus P. Loring, President.
Frederick I. Emery, Treasurer.
Horatio B. Buck, Clerk of the Corporation.
Theron A. Apollonio, Assistant Treasurer.
Arthur O Yeames, Assistant Treasurer.
F. H. Appleton, Jr., William Amory, Nat'l F. Ayer, T. P. Beal.t F. B. Bemis,* W. A,
Eliot,* W. C. Endicott, R. G. Fessenden, P. E. Fitzpatrick,
Forbes, F. M. Forbes, T. B. Gannett. R. H. Gardiner, E. F. Greene, H. S. Grew, N. P. Hallowell, F. L. Higginson, Jr., J. R. Hooper,* M. B. Jones, H. B. Lamb, J. S. Lawrence, t A. P. Loring,*
Edward Lovering, Arthur Lyman, R. W. Maynard. J. L. Motlev.t R- T. Paine, 2d, S. D. Parker,
A. J. Peters, W. K. Richardson, R. S. Russell,* H. B. Sawyer, H. M. Sears,* W. S. Spaulding, A. R.
Whittier, Moses Williams, Roger Wolcott, B. L. Young.
Board
of Trustees:
Burnham, W. R. Cordingley, Amory
J.
M.
Deposits draw interest from tenth day of each month; dividends are payable the twentieth day of April
and October. Business hours: 9 a.m. to 2 p.m.; also Mondays, 5 to 7 p.m., for deposits only
Board
of
Investment.
t
Auditing Committee.
—
D.
P.
8,
Part
43
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$10,964,000
7,363,000
1,134,000
2,842,000
785,000
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
of de-
2,463,138 00
395,234 93
152,479 26
b. Profit and loss
Interest, less current expenses
.
Discount unearned
.
.
450 00
.
.
24,047,502 00
3,471,738 00
750,000 00
1,397 91
.
(est.
Guaranty fund U.99%
a.
posits)
due thereon)
Loans on personal security
building
.
Surplus:
271,700 00
1,000 00
Securities acquired for debts
Loans on real estate (less $76,100
Bank
Liabilities
Deposits (71,639 accounts, average,
$49,027,717 80
$684-37)
Christmas and other club deposits
351,610 50
00
00
00
00
00
2.50,000 00
.
.
1924
31,
ml., $1,000,000)
Other assets
Due from banks and trust com-
449,482 26
59,810 32
panies
Cash and cash items
Total Assets
Total Liabilities
$52,390,630 49
$52,390,630 49
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rentt
Salaries
Advertising Other Expenses
paid for
$53,078.44
$97,565.84
$35,00( .00
Cost per $1,000 of assets
1.01
1.86
.67
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $2,511,358.96.
'
Total
$10,234 73
$21,379 97
$21 r,258.98
19
.41
4.14
2.46
Rates on Investments and Loans (Average on AH, 5.02%)
607
averaging $47,430.97 (average rate, 5.63%); 5%, $4,710,000; b\i%, $2,192,500;
5K%, 5,442,950; 5%%, $1,425,500; 6%, $9,171,152; 6^%, $1,083,400: 7%, $22,000.
185 personal loans, averaging $18,766.15 (average rate, 5.18%); 4H%. $100,000; 4%%, $225,000: 5%,
$1,020,438; 5^%, $1,636,800; bV2 %, $314,500; 6%, $175,000.
Bonds, stocks, etc. (average rate on amount invested, 4.36%).
Number of loans not over $3,000 each, 216, amounting to $226,805.
89 real estate loans made during year, amounting to $3,828,550.
real estate loans,
S
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 102,029,
Number
of
1924,
2\i%
2M%
....
....
$1,028,861 67
1,052,307 50
9,302,880 18
amounting to (accounts opened 5,967)
withdrawals during year, 64,023, amounting to (accounts closed 6,832)
Net increase
in
amount due depositors (accounts decreased 865)
$11,384,049 35
9,151,223 58
$2,232,825 77
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
ParValue
$1,000,000
400,000
1,000,000
650,000
7,152,300
100,000
650,000
100,000
250,000
Par Value
U.S. Treas. Bonds 4^9
U. S. Treas. Notes 4J4s
U.S. Treas. Notes 4^9
U. S. Treas. Notes 4%s
United States 4^3
Boston 4s
Boston
4Ks
;
;
Detroit, Mich., 4s
Providence, R.
I.,
!
100,000 Boston, R. B. & L'4^9
450,000 C, B. & Q. 4s
100,000 Chi., Mil. & St. P. 4s
Par Value
Chi. & Northwest. 4s
Chi.,St.P.,Minn.&0.6s
Conn. & Pass. River 4s
Conn. River 4s
De!a.
& Hud.
i
|
i
70,000
400,000
200,000
500,000
400,000
400,000
900,000
150,000
4s
Fitchburg 4s
Illinois Central 3>£s
Maine Central 4^3
Minn., St. P. & S. Ste.
M.
3^s
Railroad Bonds
$100,000 Bangor & Aroostook 5s
100,000 Boston & Albany 4s
500,000 Boston & Lowell 33^9
100,000 Boston & Lowell 5s
306,000 Boston & Maine 4^9
225,000 Boston & Maine 6s
$200,000
150,000
400,000
300,000
100,000
500,000
200,000
500,000
250,000
New
4s
Orleans
& Mo.
$200,000 Eastern Mass.
200,000 West End 4s
Boston Terminal Co. Bonds
$2,900,000 Boston Terminal 3J^8
Telephone Company Bonds
$800,000 Am. Tel. & Tel. Co. 4s
50,000 N. E. Tel.
6s
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 5s
N. Y. & N. E. Term. 4s
N. Y., N. H. & H. 4s
No. Pacific 6s
Old Colony 4s
Washington Co. 3^9
Street Railway Bonds
$300,000 Boston Elevated 4s
300,000 Boston Elevated 4J^s
150,000 Boston Elevated 5^8
4^£
& Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$250,000 Turners Falls P.
Co. 5s
&
Lt.
Bank Stocks
Shs.
500
700
100
417
First Nl. Bk., Boston
Merchants Nl. Bk., Boston
Nl. Union Bk., Boston
Web. &
At. N. Bk., Boston
—
44
P. D. 8, Part
BOSTON — SUMNER SAVINGS BANK
25
MERIDIAN STREET (EAST BOSTON DISTRICT)
March
Incorporated
Number
11, 1897.
of corporators, 34
George W. Hargrave, President.
John F. Drohan, Clerk of the Corporation.
Board
of Trustees:
Grav, G.
John J. Corrigan, Treasurer.
George H. Gray, Assistant Treasurer.
H. Barnes, H. E. Bragdon,
J.
I
J. J.
Corrigan, T. F. Croak,* Joseph Goldinger, G. H.
W. Hargrave,* P. J. Kennedy,* J. J. Mahonev, T. O. McEnanev, F. J. McNaughton,
W. J. Rausch.t T. F. Rice, A. E. Wellington, f W. B. F.'Whall, F. C. Wood.*t
Christian Rausch,*
Deposits draw interest from second Wednesday of February, May. August and November; dividends
are payable the third Wednesday of May and November.
Business hours: 9 a.m. to 2 p.m.; also
Saturdays, 2 to 5 p.m., for deposits only; during June, July, August and September, close Saturdays
at 1 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone Company Bonds
Bank and trust company stocks
Bank
building
(est. vol.,
Due from banks and
$195,204 98
190,835 45
53,125 25
7,370 00
28,295 00
79,579 50
50 00
1,518,195 00
161,968 00
12,000 00
.
$16,000)
trust
1924
Liabilities
.
Securities acquired for debts
Loans on real estate
Loans on personal security
31,
Deposits (5,634 accounts, average,
S38S.73)
Surplus:
a. Guaranty fund (3.20% of deposits)
Pro6t and
b.
Interest,
loss
rents,
$2,161,978 98
....
etc.,
less
69,100 00
45,368 60
current
expenses and taxes
33,197 93
com
60,777 60
2,244 73
panies
Cash
Total Assets
$2,309,645 51
Total Liabilities
$2,309,645 51
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Rent
Salaries
Advertising
Amount
$1,200.00
$9,437.69
paid for
$2,082.01
4.09
.52
.90
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $121,312.32.
$448.65
.19
.
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$16,304.71
$3,136.36
1.36
7.06
5.64
5.54%)
618 real estate loans, averaging $2,456.62 (average rate, 6%); 6%, $1,506,895; 634%, $9,800; 7%, $1,500.
34 per sonat loans, averaging $4,763.76 (average rate, 4.80%); 4%, $45,000; 4M%. $30,000; 4>^%, $5,000;
$20,000; 5%, $19,500; 6%, $42,468.
(average rate on amount invested, 4.49%).
amounting to $998,045.
77 real estate loans made during year, amounting to $220,700.
4M%,
Bonds,
stocks, etc.
Number
of loans not over $.3000 each, 504,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits during year, 13,259,
Number
of
Net
1924,
2\i%
2M%
....
....
$41,265 43
43.589 56
658,078 41
amounting to (accounts opened 881)
$742,933.40
607,104 46
withdrawals during year, 6,136, amounting to (accounts closed 850)
increase in
Board
amount due depositors (accounts
of
Investment.
$135,828 94
increased 31)
t
Auditing Committee.
—
P. D.
8,
Part
45
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000
125,000
10,000
10,000
5,000
2,000
10,000
10,000
$5,000
5,000
5,000
5,000
10,000
20,000
25,000
2,500
5,000
Railroad Bonds
Baltimore & Ohio 3^s
Bangor & Aroostook 5s
Boston & Albany 3^s
Boston & Albany 5s
Boston & Maine 3^s
Boston & Maine 4s
Boston & Maine 4M»
Boston & Maine 6s
Boston, K.
Par Value
Par Value
U. S. Treas. Bonds 4Jis
United States 4^s
U. S. Treas. Notes 4^s
U. S. Treas. Notes 4%s
Massachusetts 4s
Cambridge 33^s
Los Angeles 4^s
New Bedford 3 Ms
B.&Lynn4^
$5,000
3,000
15,000
2,000
12,000
20,000
5,000
20,000
12,000
5,000
5,000
5,000
10,000
End 4^s
End 5s
Boston Terminal Co. Bonds
&
&
Q. 3^s
Q. 4s
Fitehburg 4s
C,
C,
B.
B.
$1,000 West
14,000 West
Fitehburg 4^s
Fitehburg 5s
Illinois Central 3^s
Michigan Central 3^s
N. Y., N. H. & H. 3>'2 s
No. Maine Seaport 5s
Peoria & Northwest. 3^s
Port. & Ogdens. 4^s
Prince. & Northwest. 3>^s
Washington Co. 3 As
$9,000 Boston Term'al 3J^s
Telephone Company Bonds
$26,000 Am. Tel. & Tel. Co. 4s
15 Nl. Shawmut Bk,, Boston
91 Old Colony Tr. Co., Boston
40 State St. Trust Co., Boston
West End 4s
BOSTON — UNION INSTITUTION FOR SAVINGS
BOSTON
216
Co. 5s
American Trust Co., Boston
Beacon Trust Co., Boston
Columbia Trust Co., Boston
Atlantic Nl. Bk., Boston
Federal Nl. Bk., Boston
First Nl. Bk., Boston
Merchants Nl. Bk., Boston
39
35
35
33
28
30
20
J
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 43^s
Boston Elevated 5s
Eastern Mass. 43^s
$15,000
3,000
5,000
15,000
2,000
& Tel.
Bank Stocks
5,000 N. E. Tel.
Shs.
IN
THE CITY OF
TREMONT STREET
Incorporated February 11, 1865.
Number
of corporators,
Thomas
Henry V. Cunningham, President.
John J. McCluskey, Clerk of the Corporation.
55
Kelly, Treasurer.
John J. McCluskey, Assistant Treasurer.
J.
C
J. H. Burke, T. J. Clexton, J. A. Cummings.f H. V. Cunningham,* J. A. Dasha, E.
Donnelly, F. G. Fitzpatrick, T. F. Galvin, D. E. Holland, Patrick Kelly, T. J. Kelly, T. M. Logan,
John P. Manning, Joseph P. Manning, J. J. McCluskey, Thomas McLaughlin, T. W. Murray,* J. E.
O'Connell, P. A. O'Connell,* F. P. O'Connor,* E. J. O'Neil,* W. J. Porter,*t J. F. Powers, T. H.
Ratigan, Edmund Reardon,* G. A. Rockwell, B. J. Rothwell, H. S. Rowen, J. J. Sullivan, John J.
Sullivan, T. M. Watson, f J. C. Welton.
Board of Trustees:
Deposits draw interest from the tenth day of each month; dividends are payable May 20 and November
20.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 2 p.m., also from 5 to 8 p.m., for deposits,
except during July, August and September.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone Company Bonds
Bank and trust company stocks
.
.
Securities acquired for debts
Loans on real estate (less $201 ,525
.
....
due thereon)
Loans on personal securitv
Bank building
val.,.H00,000)
Real estate by foreclosure, etc. (as
sessed value, $13,700)
Taxes, insurance, etc., paid on
mortgaged properties
(est.
$4,861,924
1.055,006
237,738
172,000
1-2,700
214,878
26,477
85
Deposits (25,391 accounts, average
$680.68)
75
Christmas and other club deposits
(JO
Surplus:
59
00
a.
74
OS
8,403,629 71
3,135,788 00
225,000 00
;
....
Guaranty fund (4-92%
posits)
$17 283,269 51
74,669 45
of de
853,400 00
645,021 23
Profit and loss
Interest, rents, etc., less current ex
b.
.
penses and taxes
Discount unearned
Reserve for taxes and insurance
Other liabilities
419,093
14,397
2,560
2,637
.
.
33
10
00
66
14,409 18
411 60
.
trust
1924
Liabilities
.
Due from banks and
31,
com
r
panies
Cash and cash items
Total Assets
31,651 12
33,432 66
$19,295,048 28
Total Liabilities
$19,295,048 28
Total Expenses for the Year, including State Taxes
Tax (Net)
Rent
Salaries
paid for
$25,362.67
$39,250.94
$12,000.00
1.31
2.04
Cost per $1,000 of assets
.62
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $973,328.55.
State
Amount
*
Board
of
Investment.
Advertising
$6,947.95
.36
Other Expenses
Total
$15,332.02
$98,893.58
5.12
.79
3.19
t Auditing
Committee.
46
P. D. 8, Part
Rates on Investments and Loans (Average on
All,
I.
6.01%)
*»/»...
1,273 real estate loans, averaging $6,601.43 (average rate, 5.88%); 5%, $19,000; 5H%, $136,000; 5\4%
ts/o
$1,607,065; 5%%, $236,125; 6%, $6,405,440.
206 personal loans, averaging $15,222.27 (average rate, 5.02%); ty2 %, $346,000; 4%%, $355,800; 5%
$1,120,338; 5H%, $125,000; h%%, $1,044,550; b%%, $103,500; 5^%, $16,600; 6%, $24,000.
Bonds, stocks, etc. (average rate on amount invested, 6.64%).
Number of loans not over $3,000 each, 638, amounting to $1,167,066.84.
152 real estate loans made during year, amounting to $2,060,200.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits
Number
of
1924,
2%%
2Ji%
....
....
$356,484 69
364,372 44
3,665,532 47
during year, 34,153, amounting to (accounts opened 1,846)
$4,386,389 60
3,643,992 75
withdrawals during year, 22,113, amounting to (accounts closed 2,148)
Net increase
amount due
in
depositors (accounts decreased 302)
$742,396 85
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$115,000
25,000
375,000
1,376,800
1,601,450
60,000
100,000
5,000
654,000
80,000
10,000
36,000
4,000
20,500
20,000
25,000
3,000
50,000
22,500
57,000
25,000
6,000
10,000
55,000
25,000
5,000
5,000
6,000
100,000
7,000
16,000
12,000
U. S. Treas. Bonds 4J^s
U. S. Treas. Notes 4^s
U. S. Treas. Notes 4^s
U. S. Treas. Notes 4%s
United States 4}£s
Massachusetts 3J^s
Massachusetts 4s
Augusta, Me., 4s
Boston 4s
Boston 4>£s
Brockton 33^3
Brockton 4s
Cambridge 3^s
Cambridge 4s
Chelsea 4s
Concord 3.90%
Concord 4^3
Lynn 3^s
Lynn 4s
Lynn 4 Ms
Quincy 4s
Revere 3}4s
Revere 4^s
Salem 4s
Springaeld 4^3
Taunton 4}£s
Danvers 4s
Ipswich 4^s
Lexington 3.90%
Methuen
Railroad Bonds
Par Value
$45,000 A ten., Top. & S. Fe 4s
31,000 Baltimore & Ohio 4s
75,000 Baltimore & Ohio 43^s
26,000 Boston & Albany 3^s
25,000 Boston & Albany 4s
4,000 Boston & Albany 5s
23,000 Boston & Lowell 4j^s
50,000 Boston & Maine 4^8
140,000
25,000
11,000
34,000
76,000
20,000
125,000
C,
B.
&
10,000 West
30,000 West
50,000 West
End 4s
End 4J^s
End 5s
Q. 4s
& St. P. 43^s
Northwest. 5s
Fitchburg 4s
Illinois Central 3^9
Illinois Central 4s
Lake Shore & Mich.
Chi., Mil.
Chi.
Street Railway Bonds
Par Value
$40,000 Boston Elevated 4s
30,000 Boston Elevated 4H*
50,000 Boston Elevated 5s
100,000 Eastern Mass. 4^3
&
So. 4s
50,000 Louis. & Nash. 5s
25,000 Maine Central 4j^s
25,000 Minn., St. P. & S. Ste.
M. 4s
10,000 N. Y. C. & H. R. 3^s
25,000 N. Y. C. & H. R. 43
25,000 N. Y. C. & H. R. 5s
25,000 N. Y., N. H. & H. 3J4s
66,000 N. Y., N. H. & H. 4s
30,000 Old Colony 4s
75,000 Pennsylvania tyz*
105,000 Pennsylvania 5s
Boston Terminal Co. Bonds
$192,000 Boston Terminal 3>^s
Telephone Company Bonds
$175,000 Am. Tel. & Tel. Co. 4s
25.000 N. E. Tel. & Tel. Co. 5s
Bank Stocks
Shs.
38
86
600
113
Eliot Nl. Bk., Boston, in liq.
Federal Natl. Bank, Boston
First Nl. Bk., Boston
Atlantic Nl. Bk., Boston
41 Merchants Nl. Bk., Boston
25 Mt. Vernon Nl. Bk.. Boston,
in liq.
Shawmut Bk., Boston
5 Nl. Union Bk., Boston
29 Web. & At. Nl. Bk., Boston
700 Nl.
4s
Needham 4s
Weymouth 4j^s
BOSTON — WARREN INSTITUTION FOR SAVINGS
3
PARK STREET
Incorporated February 21, 1829.
James O. Otis, President.
John F. Turner, Clerk of the Corporation.
Number
of corporators, 63
Frank D. Brown, Treasurer.
Marshall Jones, Assistant Treasurer.
ill, G. S.
Board of Trustees: William Bacon,* F. J. Bartlett,* R. B. Cox, H. B. Day, G. B. Doane.f C. S. Gill,
,* A. R.
Harrington,* W. L. Henry, R. G. Hopkins, J. R. Macomber, Thomas Motley, J. O. Otis,*
Robertson.t C. P. Sampson,* H. M. Thompson, F. H. Torrey, W. J. Tyler,* S. W. Webb.
b, B. F.
Wild.t
Deposits draw interest from the Tuesday next preceding the third Wednesday of each month; dividends
are payable the third Wednesday of April and October.
Business hours: 9 a.m. to 2 p.m.; Saturdays,
9 a.m. to 12 m.; also Fridays, 4 to 8 p.m., for deposits only.
Board
of Investment.
f Auditing
Committee.
—
P.
D.
8,
Part
47
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
$5,165,949
1,487,479
361,640
60,000
395,390
Street Railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $2,100
due thereon)
Loans on personal security
.
Bank
building
(est. val.,
51
41
00
00
63
162,692 35
194,501 00
.
Deposits (24,239
age, $837.65)
Surplus:
accounts,
aver-
$20,303,966 11
Guaranty fund (4.98% of
a.
taxes
Other
de-
....
....
posits)
b. Profit and loss
Interest, less current expenses
liabilities
11,766,997 32
1,716,880 00
350,000 00
$450,000)
Real estate by foreclosure,
1924
1,011,700 00
611,196 82
and
22,472 80
531 09
etc. (as-
1,561 75
sessed value, $2,500)
....
Taxes, insurance, etc., paid on mortgaged properties
Due from banks and trust com-
448 46
259,354 91
26,971 48
panies
Cash and cash items
Total Assets
$21,949,866 82
Total Liabilities
$21,949,866 82
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
$24,246.11
$46,364.85
paid for
$15,000.00
2.11
1.10
.68
Cost per $1,000 of assets
id rent
Cost per $1,000 of assets not including State tax and
Gross income received during the year, $1,170,669.99
.
Advertising
Other Expenses
$3,903.28
$8,637.61
.18
.39
.
Rates on Investments and Loans (Average on
All,
Total
$98,151.85
4.46
2.68
5.43%)
1,205 real estate loans, averaging $9,765.14 (average rate, 5.94%); 5^%, $1,473,970; 5%%. $157,500;
$9,796,597; 6M%. $138,000; 63^%, $186,430; 7%, $14,500.
103 personal loans, averaging $16,668.73 (average rate, 5.10%); 4J^%, $261,500; 4%%, $62,500;
$760,600; 5M%, $464,830; 5J^%, $12,350; 6%, $68,600; 6V2 %, $86, 500.
Bonds, stocks, etc. (average rate on amount invested, 4.72%).
Number of loans not over $3,000 each, 484, amounting to $668,724.
198 real estate loans made during year, amounting to $2,794,300.
6%,
5%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 30,785,
Number
of
Net
2\i%
2M%
1924,
to (accounts opened 2,255)
amounting
withdrawals during year, 19,754, amounting to (accounts closed 2,243)
increase in
amount due
depositors (accounts increased 12)
$423,631 66
435,000 00
3,716,169 88
$4,574,801 54
3,206,054 21
$1,368,747 33
—
48
P.
D.
S,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
00
I
r.S.
S7.000 Roeklai.
10,000 Scituate 5}4a
[rras.Bonds4Ms
Hio.ooii California
50,000
50,000
75,000
1,000
00
25,000
59,000
34,000
23,500
75,000
.">0.000
Boston Terminal Co. Bonds
Par Value
(60,000 Boston Terminal -V^s
Par Value
Par Value
$3,000,000 United States 434s
Railroad Bonds
Michigan o^s
Michigan 5?/4 s
Oregon .l^s
Washington o^s
Washington Gs
Akron 53^s
Akron, O., 6s
Canton, (J., o^s
Canton,
I
I
Cleveland, O., 5
Cleveland, O., 6s
19.000 Dea Moines, la., 6e
37,000 Detroit, Mich., 5s
30,000 Detroit, Mich., 5J^s
_'(i.000 Detroit, Mich., 6s
25,000 Flint, Mich., os
125,000 Hamilton, O., 6s
30,000 Hammond, Ind.. 6s
10,000 Lawrence os
Lima, O., 6s
25,000 New Bedford os
82,000 Omaha, Neb., 5^-3
25,000 Portsmouth.Ohio, 5J^s
50,000 Portsmouth, O., 6s
50,000 Sioux City, la., 6s
100
45,000 Springfield, O., 6s
50,000 Toledo, O., 6s
98,000 Youngstown, O., 6s
$50,000
100,000
35,000
25,000
50,000
32,000
75,000
106,000
100,000
25,000
17,000
52,000
100,000
50,000
250,000
25,000
100,000
75,000
Atch., Top.
S.
Telephone Company Bonds
F€ la
C,
&
B.
$30,000
Q. 4s
&
&
a-
Tel.
Tel.
(
o.
(
o.
4a
5s
Com-
pany Bonds
18,000 X. B. Gas & E L. Lt.
Co. 6s
25,000 Old Colonv Gas Co. 5s
12,000 Pittafield Elec.
50,000 Turners
Tall-.
Elec.
Co. 5s
Indiana. 111. & la. 4s
Maine Central 4^9
St. P.
Tel.
Tel.
$25,000 Lawrence Gas
33,000 N. B. Gas A: Ed. Lt.
Fitchburg 4s
Central 3^3
Central 4s
M.
Am.
N.E.Tel. &T<
Gas, Electric and Water
Illinois
Illinois
Minn.,
Am.
7(i.ooo
305,00(i
Chi., Mil. & St. P. 4s
Chi., Mil. «k St. P. 4J^s
Chi., Mil. & St. P. 5s
Chi. A Northwest. 6s
Conn. & Pass. R's 4s
S. Ste.
4s
50,000 Pennsylvania 43^3
25,000 Portland Terminal 4s
31,000 St. P., Minn. <fc Man.
Bank Stocks
4s
Shs.
25,000 Union Pac. 4s
100,000 W. Va. & Pitt-. 4s
50,000 Worc. Xash. & Roch.
4s
Street Railway
Public Funds, Notes
$1,000 Foxborou7,000 Gardner 5s
7,000 Gardner 5%s
2,000 Oak Bluffs 6^s
&
Baltimore & Ohio 43^s
Bangor & Aroostook 5s
Boston & Albany 4}£s
Boston & Maine 4s
Boston & Maine 6s
SI 10,000 Eastern
38 American Trust Co.,
158 Eliot XL Bk.. Boston, in liq.
100 Atlantic XI. Bk., Bo186 First XL Bk.. Boston
100 Merchants XL Bk., B
50 XL Union Bk., Boston
100 Old Colony Trust Co., Boston
44 Second XL Bk., Boston
200 State St. Tr. Co., Boc
100 U. S. Trust Co., Boston
99 Web. & At. XL Bk., Boston
Bonds
M
25,000 Holyoke 5a
141,000 West End 4s
100,000 West End 5s
BOSTON— WILDEY SAVINGS BANK
52
BOYLSTON STREET
Incorporated March 18, 1892.
Frank B. Cutter. President.
Herbert C. Bronsdon, Clerk
Number
of corporators,
34
George E. Taber, Treasurer.
Arthur 8. Roe, Assistant Treasurer.
of the Corporation.
L. Bates, H. C. Bronsdon, t H. A. Chase,* W. C. Collett,* F. B. Cutter,* H. O.
Cutter. G. L. Dolloff, G. H. Fuller, t G. H. HartW, W. W. Higgins,* W. J. Kurth,* F. M. Lamson,
G. L. Lincoln, O. A. Marden. F. A. Xewell, Philip Nichols, L. W. Powers, H. E. Ruggles, R. \V.
Board of Trustees:
J.
Sanford, G. E. Taber,
J.
W. Woodward.f
Deposits draw interest from the fifteenth day of each month: dividends are payable May 25 and November
25.
Business hours: 9 a.m. to 3 p.m.; also Saturdays, for deposits only, 3 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate
Loans on personal security
Furniture and fixtures
Real estate by foreclosure, etc. (as
sessed value, $8,900)
Taxes, insurance, etc., paid on
mortgaged properties
Other assets
.
....
.
Due from banks and
trust
$2,485,203
2,145.573
283,734
34,410
243,028
94,303
259,003
6,241,235
2,617,481
4,325
....
93
22
Deposits
15
Christmas and other club dej
00
00
25
01
07
Surplus:
17
(33,684
age, $409.60)
a.
accounts,
Guaranty fund (4-04%
aver-
946 22
127,957 50
of de-
....
posits)
o(il,S87 29
Profit and loss
Interest, less current expense
b.
70,788 44
243,208 22
taxes
00
•
11,521 48
255 29
5,146 10
338,665 75
36,902 25
panies
Total Assets
Board
1924
Liabilities
com
Cash and cash items
*
31,
$14,800,787 67
of
Investment.
Total Liabilities
+
$14,800,787 67
Auditing Committee.
P.
D.
8,
Part
49
I.
Total Expenses for the Year, including State Taxes
Rent
Salaries
State Tax (Net)
$9,000.00
$35,884.84
$31,043.33
paid for
.61
2.42
2.09
Cost per $1,000 of assets
Cost per $1,000 of assets not including State ^tax and rent
Gross income received during the year, $710,723.19.
Total
Other Expenses
$21,346.71
$104,251.22
7.03
1.44
4.33
Advertising
Amount
$6,976.34
.47
Rates on Investments and Loans (Average on
All,
5.06%)
1,260 real estate loans, averaging $4,953.36 (average rate, 5.98%); 5%, $110,000; 5H%, $87,600; 6%,
%
196 pe^onalloans^vll&l $13,354.50 (average rate, 4.91%) ; 4J£%, $100,000; 4M%, $679,478; 4%%,
$290,400: 5%, $981,600; 5X%. $315,000; 534%. $214,350; 6%, $14,280; 7%, $13,423; 8%, $8,950.
Bonds, stock's, etc. (average rate on amount invested, 4.10%).
Number of loans not over $3,000 each, 465, amounting to $769,615.06.
316 real estate loans made during year, amounting to $1,982,060.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits during year, 74,068,
Number
of
1924,
2%
2%
$249,998 23
258,294 53
3,994,965 43
amounting to (accounts opened 7,095)
$4,503,258 19
4,028,133 67
withdrawals during year, 42,896, amounting to (accounts closed 4,656)
Net increase
in
amount due depositors (accounts increased
$475,124 52
2,439)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$100,000 U.S. Treas. Bonds 43^s.
10,000 U. S. Treas. Notes 4^s
150,000 U.S. Treas. Notes 4%s
200,000 U.
1,561,400
20,000
11,000
15,000
73,000
43,000
64,000
1,200
39,000
12,000
2,500
21,000
21,000
50,000
S.
Railroad Bonds
!
Par
Cert, of Indebt.
434s
United States 434s
Boston 33-^s
Chicopee 4s
Chicopee 4^s
Hampden County
Fitchburg 4s
Lawrence 43^3
Plymouth 334 s
4s
.
Quincy 4s
Revere 3Ms
Rockport 334s
Salem 4s
Salem 4^8
Beverlv 3.65%
Public Funds, Notes
E. Bridgewater 5^8
$3,000
30,000
7,000
5,000
5,000
19,770
Holliston 434s
Hopkinton 4 34 s
Hopkinton 434s
Lexington 434s
Millis 434s
1,900 Millis 5s
1,000 Millis 5%s
50,000 Taunton 3.65%
Par Value
alue
$100,,000 Atch., Top. & S. F6 4s
100 ,000 Baltimore & Ohio 4s
100 ,000 Baltimore & Ohio 434s
35 ,000 Bangor & Aroostook 5s
20 ,000 Boston & Albany 334 s
19 ,000 Boston & Albany 4s
30 ,000 Boston & Albany 5s
37 ,000 Boston & Lowell 4s
22 ,000 Boston & Maine 334s
11 ,000 Boston & Maine 4s
2 ,500 Boston & Maine 6a
66 ,000 C, B. & Q. 334s
25 ,000 C, B. & Q. 4s
100 ,000 Chi., Mil. & St. P. 4s
95 ,000 Chi., Mil. & St. P. 434s
25 ,000 Chi. & Northwest. 6s
25 ,000 Des Plaines Val. 434s
5 ,000 European & N. A. 4s
98 ,000 Fitchburg 4s
60 ,000 Fitchburg 434s
20 ,000 Fitchburg 5s
343 ,000 Illinois Central 334s
50 ,000 Lake Shore Mich. So. 4s
40 ,000 Maine Central 434s
10 ,000 Maine Central 5s
10 ,000 Montana Central 5s
30 ,000 Mich. Central 4s
50 ,000 Minn.,S.Ste.M.&A.4s
50 ,000 Minn., St. P. & S. Ste.
M. 4s
"V
N. Y. C. & H. R. 334s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 334s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Old Colonv 4s
$25,000
218,000
332,000
51,000
25,000
5,000
Street Railway Bonds
Boston Elevated 434s.
Boston Elevated 5a
$84,000
100,000
50,000
14,000
41,000
Hoosac Valley 4s
West End 434s
West End 5s
Boston Terminal Co. Bonds
$35,000 Boston Terminal 334s
Telephone Company Bonds
Am.
$263,000
Tel.
&
Tel. Co. 4s
Bank Stocks
Shs.
75
50
40
100
125
American Trust Co., Boston
Atlantic Nl. Bk., Boston
First Nl. Bk., Boston
Old Colony Trust Co., Boston
Nl. Shawmut Bk., Boston
BRAINTREE — BRAINTREE SAVINGS BANK
Incorporated
March
L. Bradford Hollis, President.
George W. Stevens, Clerk of the Corporation.
21, 1870.
Number
of corporators,
37
Donald R. Carmichael, Treasurer.
Carrie B. Loring, Assistant Treasurer.
Board of Trustees: H. F. Arnold, t O. A. Bridgham, F. E. Dyer, W. H. Heath, L. B. Hollis,*t J. H. Kilbrith, J. N. Rodgers, G. E. Sampson,* P. C. Spring, G. W. Stevens,! H. C. Thayer, N. G. Torrey,*
W. A. Torrey, H. L. White, R. E. Whitman.
Deposits draw interest from the first day of each month; dividends are payable January 10 and July 10.
Business hours: 8.30 a.m. to 3 p.m.; Saturdays, 8.30 a.m. to 12 m.: also Fridays, 6.30 to 7.30 p.m.
Board
of
Investment.
t Auditing
Committee.
—
50
P. D. 8, Part
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
.
.
.
25,000 00
13,500 00
.
.
796,094
12,200
9,000
5
.
.
panies
Cash and cash items
.
.
....
posits)
49,365 86
58,491 36
22,123 27
33
00
00
04
15,999 87
1,778 82
.
Total Assets
of de-
b. Profit and loss
Interest, less current expenses
245 00
.
.
Guaranty fund (4.23%
a.
bonds
$1,165,691 84
Surplus:
Gas, electric and water company
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $15,440.67
due thereon)
Loans on personal security
Bank building (est. val., $9,000)
Other assets
Due from banks and trust com-
I.
1924
Liabilities
Deposits (2,179 accounts, average,
$534-96)
$113,481 77
224,192 50
84,175 00
.
.
31,
Total Liabilities
$1,295,672 33
$1,295,672 33
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
$97.90
$1,415.29
1.09
paid for
$1,995.89
3,854.59
$480.00
Cost per $1,000 of assets
1.54
2.97
.37
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $67,942.22.
.
.
.08
Rates on Investments and Loans (Average on
W6 real
All,
Total
$7,843.67
6.05
4.14
5.65%)
averaging $2,689.50 (average rate, 6%); 6%, $796,094.
5 personal loans, averaging $2,440 (average rate, 5.46%); 5%, $6,600; 6%, $5,600.
Bonds, stocks, etc. (average rate on amount invested, 5.04%).
Number of loans not over $3,000 each, 202, amounting to $376,525.
115 real estate loans made during year, amounting to $315,950.
estate loans,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
....
$23,355 78
24,009 93
297,157 85
withdrawals during year, 2,733, amounting to (accounts closed 236)
$344,523.56
275,478 60
of deposits during year, 3,431,
Number
of
Net
2*4%
amounting
Number
increase in
amount due
July, 1924, 234%
to (accounts opened 309)
depositors (accounts increased 73)
$69,044 96
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$65,250 United States 4^3
50,000 U. S. Treas. Notes 4^8
$3,000
5,000
10,000
15,000
10,000
15,000
10,000
15,000
10,000
5,000
13,000
2,000
5,000
Railroad Bonds
Aroostook Northern 5s
Baltimore & Ohio 43^s
Baltimore & Ohio 5a
Bangor & Aroostook 5s
Boston & Albany 43^3
Boston & Maine 4s
C,
B.
&
Q. 4s
Chi., Mil.
Chi., Mil.
European
&
&
&
St. P. 4J^s
St. P. 5s
N. A. 4s
Fitchburg 4s
Fitchburg 43^s
Illinois Central
3^s
Par Value
$10,000
10,000
5,000
5,000
25,000
10,000
25,000
20,000
5,000
3,000
5,000
Louis.
&
Nash. 5s
Maine Central 43^3
N. Y. C. & H. R. 4a
N. Y., N. H. & H. 33^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 6s
Pennsylvania 43-^3
Vermont Valley 43^9
Washington Co.
3^3
Wore, Nash. & Roch.
Street Railway Bonds
Boston Elevated 43^9
Eastern Mass. 43-^9
Lynn & Boston 6s
$20,000
10,000
10,000
5,000
5,000
West End
West End
43
5s
4s
Par Value
$25,000 West End 6^8
5,000 Wore. Consolidated 43^9
5,000 Wore. Consolidated 5a
Gas, Electric and Water
Com-
pany Bonds
Par Value
$15,000 N. B. Gaa.
&
Ed. Lt. Co.
6Hs
10,000 N. E. Power Co. 5s
Bank Stocks
Shs.
7 Merchants Nl. Bk., Boston
36 Nl. Shawmut Bk., Boston
74 Brockton Nl. Bk.
—
P. D. 8, Part
51
I.
BRIDGEWATER — BRIDGEWATER SAVINGS BANK
Incorporated
March
19, 1872.
Number
of corporators,
30
Harry W. Bragdon, Treasurer.
William D. Jackson, President.
Joseph
W.
Keith, Clerk of the Corporation
Board of Trustees: A. C. Boyden, H. W. Bragdon, J. H. Fairbanks,* A. F. Field, Jr., C. R. Fitch,* E. A.
Hewett,* W. D. Jackson, t H. L. Jenkins, J. W. Keith, W. S. Little,* E. A. MacMaster,* Gustavus
Pratt.f H. J. Strann.f
Deposits draw interest from first business day of each month; dividends are payable April 1 and October
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m.; also Fridays, from 7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debt
Loans on real estate (less $9,500
due thereon)
Loans on personal security
building
struction)
(in
1924
31,
Liabilities
$170,356 00
307,167 50
92,900 00
19,502 50
Deposits (4,289 accounts, average,
$544-55)
Christmas and other club deposits
Guaranty fund i.4-69%
$2,335,600 68
14,696 25
of de-
....
....
posits)
110,200
94,118
12,329
2,796
Profit and loss
Interest, rents, less current expenses
b.
Discount unearned
1,580,314 00
213,227 00
course of con$12,000)
.
Surplus:
a.
19,525 00
91,264 85
76 00
.
Bank
1.
00
99
09
22
34,031 91
{est. val.,
....
Real estate in possession (assessed
value, $2,800)
3,209 82
9 94
Other assets
Due from banks and trust com-
31,876 21
6,280 50
panies
Cash and cash items
....
Total Assets
$2,569,741 23
Total Liabilities
$2,569,741 23
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
$224.82
$2,605.28
1.02
$6,494.51
$500.00
paid for
$2,895.85
1.13
2.53
.19
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $136,819.50.
.
.08
Rates on Investments and Loans (Average on
averaging $3,649.68 (average rate, 6%);
5%,
All,
Total
$12,720.46
4.95
3.63
5.51%)
5^%,
$19,500; 6%, $1,542,114;
6^%, $17,700.
41 personal loans, averaging $5,200.66 (average rate, 4.77%); 4J£%, $25,000; 43^%, $80,000; 4%%.
$30,000; 5%, $30,000; 5M%, $40,187; 5^%, $265; 6%, $7,775.
Bonds, stocks, etc. (average rate on amount invested, 4.62%).
Number of loans not over $3,000 each, 269, amounting to $366,429.
85 real estate loans made during year, amounting to $360,740.
433
real estate loans,
Deposits and Withdrawals
Dividends
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of withdrawals during year, 4,185,
Net increase
*
in
Board
$1,000;
1924,
2^%
2V2 %
....
$50,700 42
53,858 97
602,543 79
during year, 5,995, amounting to (accounts opened 593)
amounting
to (accounts closed 473)
amount due depositors (accounts increased
of Investment.
120)
$707,103 18
459,796 29
$247,306 89
.
t
Auditing Committee.
—
52
P. D.
8,
Part
I,
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$173,000 United States 4^3
$10,000 Illinois Central 3J^s
10,000 Illinois Central 4s
20,000 Louis. & Nash. 5s
5,000 Mahoning Coal 5s
10,000 Maine Central 4^s
10,000 Minn., St. P. & S. Ste.
Public Funds, Notes
$ 1,000 Huntington (F. D.) 4s
M.
Railroad Bonds
Baltimore & Ohio 3Ks
Baltimore & Ohio 43^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
$10,000
5,000
15,000
20,000
17,000
10,000
10,000
5,000
10,000
15,000
6,000
85,000
25,000
10,000
10,000
B. & Q. 3^s
B. & Q. 4s
Chi. & Northwest. 4s
Chi. & Northwest. 5s
Chi., Mil. & St. P. 4^9
Chi., Mil. & St. P. 5s
C,
C,
Chi., Sioux City
cific
Telephone Company Bonds
Par Value
&
Par Value
$22,000
Pa-
3Hs
4s
West End
&
Tel. Co. 4s
Com-
pany Bonds
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Old Colony 4s
Port. & Ogdens. 4j^s
Bank Stocks
Shs.
13 Abington NL Bk.
110 Atlantic Nl. Bk., Boston
84 First Nl. Bk., Boston
15 Merchants Nl. Bk., Boston
20 Nl. Rockland Bk., Boston
197 Nl. Shawmut Bk., Boston
180 Brockton Nl. Bk.
115 Home Nl. Bk., Brockton
10 Plymouth Nl. Bk.
6 Nl. Security (in liq.)
4s
Wore. Consolidated
Tel.
$20,000 N. E. Power Co. 5s
Street Railway Bonds
Boston Elevated 4^s
Eastern Mass. 4j^s
Eastern Mass. 6s
$40,000
20,000
10,000
10,000
15,000
Am.
Gas, Electric and Water
4^9
BROCKTON — BROCKTON SAVINGS BANK
Incorporated March
3,
1881.
Number
Edward M. Thompson,
Merton
W
of corporators,
62
Charles C. Crooker. Treasurer.
William G. Allen, Assistant Treasurer.
President.
S. Gurney, Clerk of the Corporation.
T
G. Allen, A. F. Barker, H. C. Briggs,* C. C. Crooker, W. H. Emerson,*
of Trustees: S. P. Alden,
S. Gurney, f Ashton Hamilton, F. B. Howard, t J- J- Hurley, P. B. Keith, A. R. Perkins,* C. C.
Puffer, Andrew Swanson, E. M. Thompson, *f A. H. Wilbur, H. E. Williams.*
Board
.
M.
Deposits draw interest from fifteenth day of each month: dividends are payable April 15 and October 15.
Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 12 m.; and for deposits only 3 to 8.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stock
Loans on real estate (less $22,487.80
due thereon)
Loans on personal security
Liabilities
$2,444,710
1,573,297
214,491
100,000
210.298
.
building
Furniture and fixtures
Taxes, insurance, etc.,
mortgaged properties
Due from banks and
paid
Deposits (20,499 accounts, average,
$563.52)
$11,551,643 85
Christmas and other club deposits
149,604 50
Surplus:
a. Guaranty fund (4.96% of de
posits)
580,000 00
b. Profit and loss
251,642 48
Interest, rents, etc., less current
expenses
24,815 44
Discount unearned
25,716 57
Other liabilities
3,254 88
.
5,341,147
1,843,510
150,000
9,000
$165,000)
(est. val.,
95
50
75
00
75
333,032 50
80,000 00
....
Bank
31, 1924
20
00
00
00
.
....
.
on
9,940 75
.
trust
com
242,366 41
34,941 91
panies
Cash and cash items
$12,586,737 72
Total Assets
Total Liabilities
$12,586,737 72
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Amount
Salaries
Rent
$28,830.71
$5,000.00
paid for
$18,963.23
2.29
.40
1.51
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $633,825.80.
Advertising
$3,599.07
.29
Other Expenses
Total
$11,405.02
$67,798.03
.90
5.39
3.48
Rates on Investments and Loans (Average on AH, 5.19%)
1,117 real estate loans, averaging $4,781.69 (average rate, 5.83%); 4K%. $100,000; 5^%. $1,486,560; 6%,
$3,744,587; 6H%, $10,000.
personal loans, averaging $12,626.78 (average rate, 4.78%); 4%, $195,000; 4M%, $277,000; 4%%,
$100,000; 4H%. $282,500; 4%%, $100,000; 4.80%, $50,000; 5%. $318,600; 5M%, $217,500;
53^%, $255,475; 6%, $47,435.
Bonds, stocks, etc. (average rate on amount invested, 4.65%).
Number of loans not over $3,000 each, 763, amounting to $1,346,722.20.
226 real estate loans made during year, amounting to $1,097,200.
U6
*
Board
of
Investment.
t
Auditing Committee.
P.
D.
Part
8,
I.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
$242,329 63
245,236 79
2,763,572 74
2]4%
2M%
Number
1924,
of deposits during year, 37,879, amounting to (accounts opened 2,478)
Number
of
Oct.,
.
.
S3, 251, 139 16
2,716,660 65
withdrawals during year, 26,217, amounting to (accounts closed 2,518)
Net increase
in
amount due depositors (accounts decreased
$534,478 51
40)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$100,000
140,000
150,000
100,000
1,723,100
75,000
53,000
6,400
Brockton 3^3
Los Angeles 5s
West Bridgewater 4s
Public Funds, Notes
Bourne 4s
Ipswich 4s
Lee 4a
$25,000
50,000
15,000
10,000
35,000
Southbridge 4s
Weymouth
4s
Railroad Bonds
$25,000 Baltimore & Ohio 4>^s
25,000 Boston & Albany 3>^s
75,000 Boston & Albany 4s
5,000 Boston & Albany 5s
25,000 Boston & Lowell 5s
25,000 Boston & Maine 3Hs
20,000 Boston & Maine 4s
80,000 Boston & Maine 4^3
22,500 Boston & Maine 6s
100,000 C, B. & Q. 3^3
30,000 Chi., Mil. & St. P. 4s
75,000 Chi. & Northwest. 5s
50,000 Chi.. St. Paul, Minn. &
Omaha,
Par Value
Par Value
Treas. Bonds 4^3
U. S. Treas. Notes 4J49
U. S. Treas. Notes 43^3
U. S. Treas. Notes 4%s
United States 4>£s
IT. S.
6a
$10,000
20,000
75,000
50,000
75,000
30,000
100,000
65,000
25,000
25,000
25,000
100,000
75,000
40,000
25,000
60,000
45,000
5,000
50,000
30,000
100,000
25,000
25,000
3,000
Cleveland
&
±Y2 %
Pitts.
&
Conn.
Pass. Rivs. 4s
Fitchburg 4s
Fitchburg 4^s
Central 3^3
Central 4s
Louis. & Nash. 5s
Maine Central 4^3
Michigan Central 3^£s
Michigan Central 5s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y. N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 6s
Old Colony 4s
Pennsylvania 4s
Pennsylvania 5s
Port. & Ogdens. 4^9
Portland Terminal 4s
Illinois
Illinois
Boston Terminal Co. Bonds
$100,000 Boston Terminal
15,000 N. E. Tel.
Vermont Val. 4^s
Washington Co. Z A a
Wore, Nash. & Roc'!h.43
l
West End 6s
West End 6^3
Wore. Consolidated
[incorporated February 8, 1895.
Herman
S.
Hewett, Clerk of
the Corporation.
&
Tel. 5s
-2
4^s
Gas, Electric and Water
Number
Com-
pany Bonds
$5,000 Marlboro & Hud. Ga3
Co. 5^9
50,000 N. B. Gas & Ed. Lt. Co.
5s
25,000 N. B. Gas
& Ed.
Lt. Co.
7s
125,000 N. E. Power Co. 5s
100,000 Turners F'a P. & El.
Co. 5s
25,000 Weym'hL.& P. Co. 5^3
5,000 Worcester Gas Lt. Co.
5^3
g^
Bank Stocks
75 Nl. Shawmut Bk., Boston
600 Brockton Nl. Bank
125 Home Nl. Bk., Brockton
BROCKTON — PEOPLE'S SAVINGS BANK
Office Vacant, President.
3^3
Telephone Company Bonds
$150,000 Am. Tel. & Tel. Co. 4s
65,000 Am. Tel. & Tel. Co. 53
f
Street Railway Bonds
Boston Elevated 4^3
Boston Elevated 5s
Marlboro & Westb'o 73
$25,000
25,000
10,000
50,000
50,000
30,000
$20,000 Wore. Consolidated 5s
25,000 Wore. & Southbridge
4J4S
9,000 Wore. & Southbridge 7a
J
of corporators, 26
Arthur T. Mooney, Treasurer.
Chester L. Wills, Assistant Treasurer.
of Trustees: G. W. Alden, L. E. Chamberlain, M. A. Davis, Fred Drew.f Hervey Dunham, E. H.
Fletcher, F. B. Gardner,* H. S. Hewett, H. C. Keith, H. L. Kingman, f E. M. Low,* C. S. Ludden.
Kenneth McLeod, A. T. Moonev, C. D. Nevins, F. E. Packard,* David Perkins, t W. A. Reed,
F. P. Richmond,* F. T. Youngquist.
Board
Deposits draw interest from the
first day of each month; dividends are payable the first business day after
March first and September first. Business hours: 9 a.m. to 2 p.m.; Saturdays. 9 a.m. to 12 m.; also
Saturdays, 7 to 8.30 p.m., for deposits only.
*
X
Board of Investment.
t Auditing Committee.
For Statements of Life Insurance Departments, see index.
—
54
P. D.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds .
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
building
(est.
val, $80,000)
Real estate by foreclosure,
sessed value, $1 4,825)
insurance, etc.,
mortgaged properties
Due from banks and
Part
I.
.
$7,833,204 58
142,143 25
Surplus:
00
Guaranty fund (4.88%
a.
posits)
of de-
385,000 00
75,124 44
.
Profit and loss
Interest, less current expenses
b.
.
and
taxes
43,171 69
Discount unearned
Other liabilities
4,074,851 00
635,821 20
70,000 00
68 75
346 09
.
etc. (as-
16,184 06
.
Taxes,
Liabilities
Deposits $25,977 accounts, average, $301.64)
Christmas and other club deposits
15
53
30
60
97,910 00
4,001 00
2,326 00
.
....
Loans on real estate (less $2,298
due thereon)
Loans on personal security
Bank
$1,739,044
1,082,966
326,419
40,233
153,380
8,
1924
31,
on
paid
676 45
.
trust
com211,369 08
23,876 43
panies
Cash and cash items
Total Assets
Total Liabilities
$8,479,058 80
$8,479,058 80
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Rent
Salaries
Advertising
paid for
$9,799.11
$20,941.17
2.47
Cost per $1,000 of assets
1.15
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $422,961.29.
Amount
.
$2,207.17
.
.26
Rates on Investments and Loans (Average on
773 real
estate loans,
averaging $5,271.47 (average rate, 5.92%);
5%%,
Other Expenses
$9,694.80
1.14
All,
Total
$42,642.25
5.02
3.87
5.27%)
$628,000;
5M%.
$100,000; 6%,
$3,346,851.
4J^%, $60,000; 4^%, $252,500; 4%%,
$40,000; 5%, $39,027.33; 5H%. $77,833.22; 53^%, $111,294; 6%, $49,835.65; 6^%, $2,656.
Bonds, stocks, etc. (average rate on amount invested, 4.57%).
159 personal loans, averaging $3,998.87 (average
rate,
4.90%)
;
Number
of loans not over $3,000 each, 600, amounting to $960,525.45.
126 real estate loans made during year, amounting to $746,800.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: March, 1924,
Sept.,
Number
of deposits during year, 58,219,
Number
of
Net
1924,
amounting
2J^%
2H%
to (accounts
....
opened 3,703)
withdrawals during year, 26,820, amounting to (accounts closed 3,253)
increase in
amount due
depositors (accounts increased 450)
.
$159,391 08
164,296 14
2,196,220 99
$2,519,908 21
2,047,936 95
$471,971 26
—
P. D. 8, Part
55
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$175,000 U. S. Treas. Notes 4%s
100,000 U. S. Treas. Notes 4^s
400 United States 4s
1,326,550 United States 4Ms
1,000 Boston 4s
5,250 Brockton 4J^s
2,000 Lowell 4s
22,000 Marlborough 4s
3,000 Marlborough 43^s
2,000
38,900
5,000
7,000
25,000
3,000
20,000
8,000
4,000
4,300
4,500
7,700
2,000
2,500
Plymouth 4^s
West Bridgewater 4s
Westwood 3^s
Essex 4^s
Gt. Barrington 43^s
Holbrook 4Jis
Marion 4s
Plainville 4s
Savoy 4^s
Wakefield 4s
C,
B.
&
17,000
5,000
43,000
43,000
25,000
8,000
5,000
Connecticut River 4s
Dexter & Piscataquis 4s
Fitchburg 4s
Illinois Central 4s
Louis. & Nash. 4s
Maine Central 5s
Man., Gr. B. & N. W.
$47,000
5,000
15,000
60,000
10,000
90,000
5,000
21,000
5,000
Q. 4s
West End 6s
West End 6J^s
Wor. Consolidated 43^s
Wor. & Southbridge
$10,000
25,000
15,000
30,000
&
&
4Ks
Boston Terminal Co. Bonds
$50,000 Boston Terminal
3^s
Telephone Company Bonds
$37,000 Am. Tel. & Tel. Co. 4s
107,000 Am. Tel. & Tel. Co. 5s
15,000 N. E. Tel. & Tel. Co. 5s
Montana Central
6s
R. 4s
N. Y. C. & H.
N. Y. C. & H. R. 3J^s
N. Y., N. H.& H. 33^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Northern Pacific 4s
No. Pacific 6s
Old Colony 5^3
Pennsvlvania 4^s
Port. Terminal Co. 4s
Prov. Terminal Co. 4s
Washington Co. 3^s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated 5s
Boston Elevated 6s
Boston & Revere 5s
Eastern Mass. 4^s
Eastern Mass. 6s
4Ms
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Boston & Lowell 5s
Boston & Maine 4s
Boston & Maine 43^s
$55,000
40,000
15,000
205,000
25,000
50,000
Chi., Ind.& Southern 4s
Chi., Mil.
St. P. 4s
Chi. & Northwestern 5s
Chi., St. P., Minn.
Omaha 6s
3^s
Salem 4s
Public Funds, Notes
West Bridgewater
$24,000
70,000
25,000
25,000
10,000
88,000
25,000
186,000
75,000
26,000
15,000
50,000
10,000
10,000
10,000
10,000
10,000
Worcester 4s
Arlington 4>£s
Brookline 4s
$4,500
Par Value
Par Value
Gas, Electric and Water
Com-
pany Bonds
$10,000 Eastern
Mass. Elec.
Co. 6s
7,000 Ed. El. 111. Co., Brockton 5s
6,000 N. B. Gas & Ed. Lt. Co.
6s
35,000 N. E. Power Co. 5s
5,000 Spencer Gas Co. 5s
20,000 Turners Falls P. & El.
Co. 5s
15,000 Wore. Gas Lt. Co. 5J^s
Bank Stocks
Shs.
12 Home Nl. Bk., Brockton
1 First Nl. Bk., Newburyport,
in liq.
10 National Shawmut, Boston
8 First National, Haverhill
10 Appleton National, Lowell
West End 4s
West End 5s
BROOKLINE — BROOKLINE SAVINGS BANK
Incorporated February 24, 1871.
Edward M. Farnsworth,
Edward W. Baker, Clerk
Number
of corporators,
45
C. William Merz, Treasurer.
J. A. Cousens, Vice-Treasurer
President.
of the Corporation.
Board of Trustees: E. W. Baker.f Winthrop Coffin, J. A. Cousens,* Joseph Driscoll,* E. M. Farnsworth,*
G. H. Francis.t C. W. Holtzer, H. W. Lamb.f Ernest Lvon, W. E. McGregor,* Patrick O'Loughlin
P. S. Parker, C. H. Stearns, E. D. Ver Planck, F. H. Williams, E. N. Wrightington.*
Deposits draw interest from tenth day of each month; dividends are payable January 20 and July 20.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m., and 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $8,185
due thereon)
Loans on personal security
.
.
.
.
.
.
.
.
.
.
Bank
building (est. val., $200,000)
Furniture and fixtures
Due from banks and trust companies
Cash and cash items
Total Assets
*
Board
.
.
.
.
.
.
....
of
Investment.
31,
1924
Liabilities
$1,932,563
1,903,827
420,411
197,312
27
10
75
50
Deposits
4,705,042
1,593,863
190,957
1,778
75
79
89
50
accounts,
aver.
$10,457,252 23
58,669 50
Surplus:
a.
313,585 00
13,190 00
(18,429
age, $56743)
Christmas and other club deposits
Guaranty fund (4.83%
of de-
....
posits)
Profit and loss
Interest, rents, etc.,
b.
less
507,743 00
300,615 15
current
71,535 17
expenses
112,054 54
11,227 96
$11,395,815 05
Total Liabilities
t Auditing
$11,395,815 05
Committee.
56
P. D.
8,
Part
I.
Total Expenses for the Year, including: State Taxes
State Tax (Net)
Salaries
Rent
paid for
$16,887.97
$23,784.32
Cost per $1,000 of assets
1.48
2.09
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $563,823.64.
Amount
Advertising
Other Expenses
Total
$829.95
$8,509.49
.07
.75
$50,011.73
4.39
.
2 91
Rates on Investments and Loans (Average on
671 real
estate loans,
7%,
averaging $S,240 (average rate, 6%);
5%,
$4,500;
$99,000;
6%,
$4,546,228;
$55,315.
67 personal
loans, averaging $23,789.01 (average rate,
4.99%); 4J^%, $260,000:
5%, $375,527.12; 5^%. $575,000: 5^%. $74,800;
(average rate on amount invested, 4.67%).
amounting to $262,159.87.
138 real estate loans made during year, amounting to $1,376,800.
$96,836.67;
Bonds,
5.28%)
All,
bV2 %,
6%,
4%%,
$211,000; 4.80%,
$700.
stocks, etc.
Number
of loans not over $3,000 each, 142,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 34,875,
Number
of
Net
2J^%
2M%
$208,574 40
219,230 00
2,479,497 81
July, 1924,
to (accounts opened 2,188)
amounting
.
•
$2,907,302 21
2,066,996 58
withdrawals during year, 17,063, amounting to (accounts closed 1,837)
increase in
amount due depositors (accounts increased 351)
$840,305 63
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000 U. S. Treas. Notes 4^9
350,000 U. S. Treas. Notes 4^s
450,000 U. S. Treas. Notes 4%s
1,144,750 United States 4^3
Par Value
$25,000
101,000
50,000
25,000
75,000
25,000
Par Value
$15,000 So. Shore & Boston 6s
40,000 West End 4s
20,000 Wore. Consolidated 7s
Central 3s
Central 3^s
Central 4s
Louis. & Nash. 5s
Maine Central 4^3
Minn., St. P. & St. Ste.
Illinois
Illinois
Illinois
Telephone Company Bonds
$100,000 Am. Tel. & Tel. 5s
100,000 N. E. Tel. & Tel. Co. 5s
M.
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Albany 4^s
Boston & Albany 5s
Boston & Lowell os
Boston & Maine 4s
Boston & Maine 4^s
$75,000
50,000
30,000
25,000
25,000
50,000
45,000
55,000
50,000
25,000
50,000
50,000
25,000
148,000
80,000
25,000
C,
B.
&
Q. 4s
Chi., Mil.
Chi., Mil.
Chi., Mil.
&
&
&
Puget
S. 4s
St. P. 4s
St. P. 5s
& Northwest. 5s
& Northwest. 6s
Fitchburg 4s
Fitchburg 4^3
Chi.
Chi.
4s
N. Y. C. & H. R. 3^3
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 6s
Old Colony 4s
25,000
50,000
38,000
60,000
210,000
100,000
100,000
99,000
92,000 Old Colony 5^3
35,000 Pennsylvania 4j^s
Gas, Electric and Water
6^3
100,000 N. E. Power Co. 5s
50,000 Pittsfield Elec. Co. 63
51,000 Wore. Gas Lt. Co. 5^3
Street Railway Bonds
Boston Elevated 4)^3
Boston Elevated 5s
Eastern Mass. 6s
$140,000
71,000
57,100
25,000
60,000
Com-
pany Bonds
$25,000 Lawrence Gas Lt. Co. 7a
64,000 N. B. Gas & Ed. Lt.
Co. 5s
25,000 N. B. Gas & Ed. Lt. Co.
Bank Stocks
Holyoke 5s
Lynn & Boston 5s
Shs.
50 First Nl. Bk., Boston
CAMBRIDGE — CAMBRIDGE SAVINGS BANK
Incorporated April
Enoch Beane,
President.
Arthur E. Beane, Clerk of the Corporation.
2,
1834.
Number
of corporators,
50
Arthur H. Boardman, Treasurer.
Henry A.
Nichols, Assistant Treasurer.
Board of Trustees: H. R. Bailey, A. E. Beane, Enoch Beane, *f A. H. Boardman, L. N. Brock,* Robert
Butterworth, J. S. Cassedy, F. W. Dallinger, W. B. Donham.t H. W. Durant.f Thomas Hadley,*
F. R. Jouett, E. F. McClennen, W. B. Munro, W. B. Reid.f J. C. Runkle, G. E. Saunders,* P. F.
Soule,* H. N. Stearns, C. A. Stover, Robert Walcott.
Deposits draw interest from first day of each month; dividends are payable January 10 and July 10.
Business hours: 8.30 a.m. to 2 p.m.; Thursdays from 8.30 a.m. to 4 p.m.: Saturdays, 8.30 a.m. to 12 m.
*
Board
of
Investment.
f
Auditing Committee.
—
P.
D.
8,
Part
57
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$2,656,666
747,946
383,228
58,100
271,828
Boston Terminal Co. Bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Securities acquired for debts
estate
on
real
Loans
S30, 115.70 due thereon)
Loans on personal security
Liabilities
Deposits (22,935 accounts, average, $765.80)
$17,563,639
Surplus:
a. Guaranty fund U-73% of deposits)
831,200
b. Profit and loss
635,956
Interest
259,828
Discount unearned
91,771
....
....
34
00
30
53
57
(less
11,859,909 30
2,700,969 47
274,615 80
8,593 32
building (est. val., $269,500)
Furniture and fixtures
Taxes, insurance, etc, paid oi
mortgaged properties
759 32
.
trust
13
87,387 50
40,100 00
2 00
Bank
Due from banks and
63
65
00
00
31, 1924
com
267,656 26
24,633 36
panies
Cash and cash items
Total Assets
$19,382,395 74
Total Liabilities
$19,382,395 74
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$31,968.76
$3,500.00
$13,612.23
paid for
.70
1.65
.18
Cost per $1,000 of assets
State
tax
and
rent
Cost per $1,000 of assets not including
Gross income received during the year, $1,036,213.10.
.
Other Expenses
Total
$57,619.23
2.97
2.09
$1,035.88
.39
.05
.
Rates on Investments and Loans (Average on
All,
5.62%)
6%, $11,468,989; 6H%,
5^%,
$277,825; 7%, $13,095.
(average
rate,
averaging
$19,860.06
$105,000;
personal
loans,
4.90%);
3%,
4%, $10,000; 4#%,
136
$425,000;
2 %, $150,000; 4%%, $100,000; \%%, $190,000; 5%. $324,518; 5J*%, $1,135,000;
$22,046.
$50,000;
6%,
514%, $189,405; b%%,
Bonds, stocks, etc. (average rate on amount invested, 5%).
Number of loans not over $3,000 each, 693, amounting to $1,235,105.50.
414 real estate loans made during year, amounting to $3,306,145.
t,007
real estate loans,
averaging $5,909.27 (average rate, 6.01%);
$100,000;
\Y
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2}4%
2y2 %
...
$377,043 08
401,788 35
3,843,154 34
during year, 32,404, amounting to (accounts opened 2,302)
$4,621,985 77
2,660,543 33
withdrawals during year, 19,774, amounting to (accounts closed 1,607)
Net increase
in
amount due depositors (accounts increased 695)
$1,961,442 44
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$60,000 U. S. Treas. Bonds 4J^s
296,000 U. S. Treas. Notes 4%s
2,316,250 United States 4^s
50,000 Boston 4Ms
50,000 Chelsea 4.15%
Railroad Bonds
$25,000 Baltimore & Ohio 4s
20,000 Baltimore & Ohio 4J^s
9,000 Baltimore & Ohio 5s
10,000 Boston & Albany 4J^s
72,000 Boston & Albany 5s
127,000 Boston & Maine 4s
25,000 Boston & Maine 4^s
3,000 Boston & Maine 7s
21,000 Boston, R. B.
4Ms
27,000
70,000
15,000
15,000
30,000
25,000
7,000
62,000
10,000
B.
& Lynn
$20,000 Maine Central 4J^s
25,000 Maine Central 5s
38,000 Mil., Lake Shore &
West. 5s
15,000 Minn., St. P. & S. Ste.
M. 4s
39,000 N. Y. C. & H. R. 4s
12,500 N. Y. C. & H. R. 5s
125,000 N. Y., N. H. & H. 3^s
50,000 N. Y., N. H. & H. 4s
25,000 No. Maine Seaport 5s
10,000 Old Colony 4s
47,000 Pennsylvania 4^s
1,000 Pennsylvania 5s
13,000 Port. & Ogdens. 4^s
4,000 Ports. Gt. F. & Conway
4^3
St. J. &
L. C. 5s
15,000
50,000 Washington Co. 33^s
&
Q. 3^s
Chi., Mil. & St. P. 4s
Chi., Mil. & St. P. 4J^s
Chi., Mil. & St. P. 5s
Chi. & Northwest. 4s
Conn. & Pass. Rivs. 4s
Fitchburg 5s
Illinois Central 4s
Louis. & Nash. 5s
C,
Par Value
Par Value
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 5s
Eastern Mass. 43^s
Eastern Mass. 6s
$40,000
100,000
25,000
28,500
15,000
50,000
Holyoke 5s
Lynn & Boston 6a
$100,000
15,000
45,000
22,000
5,000
West End 5s
West End 6s
West End 6^3
Wore. Consolidated 4^9
Wore. Consolidated 7s
Boston Terminal Co. Bonds
$70,000 Boston Terminal
3^3
Telephone Company Bonds
$240,000 Am. Tel. & Tel. Co. 4s
64,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 Marlb. & Hud. Gas Co.
53^3
79,000 N. E. Power Co. 5a
Bank Stocks
25 First NI. Bk., Boston
150 Nl. Shawmut Bk., Boston
5 Nl. Union Bk., Boston
86 Old Colony Tr. Co., Boston
120 Harvard Tr. Co., Cambridge
15 First Nl. Bk., New Bedford
—
58
P. D. 8, Part
I.
CAMBRIDGE — CAMBRIDGEPORT SAVINGS BANK
Incorporated February 22, 1853.
Number
William W. Dallinger, President.
William E. Burrage, Clerk of the Corporation.
of corporators, 53
John R. Giles, Treasurer.
Warren M. Rasely, Assistant Treasurer.
of Trustees: .E. L. Bennett, G. H. Bunton, W. E. Burrage, f W. W. Dallinger,* W. W. Davis,*
A. Dow.t J. F. Downey, W. H. Dunning,* J. W. Fellows, Wellington Fillmore,* J. R. Giles, A. M.
Goodridge, L. M. Hastings, W. F. Roaf, A. M. Robbins, H. J. Winslow,* C. H. Wisham, J. W.Wood. t
Board
J.
Deposits draw interest from tenth of each month; dividends are payable the third Wednesday of January and July. Business hours: 8.30 a.m. to 2 p.m.; Saturdays, 8.30 a.m. to 12 m.; 5 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Liabilities
$1,581,229
1,780,849
507,722
185,000
197,332
.
Securities acquired for debts
building
(est.
.
8,929,114
299,604
230,000
4,000
val, $450,000)
Furniture and fixtures
trust
Deposits (29,734 accounts, aver
age, $427.28)
Christmas and other club deposits
$12,704,740 46
238,240 50
Surplus:
....
Guaranty fund (4.87%
a.
posits)
....
Due from banks and
97
74
00
00
25
286,812 50
19,200 00
2,975 00
Loans on real estate (less $5,200
due thereon)
Loans on personal security
Bank
1924
31,
of de
630,500
353,114
212,847
2,953
Profit and loss
Interest, less current expenses
b.
.
...
Discount unearned
00
24
83
08
84
55
00
00
com
110,146 04
8,409 22
panies
Cash and cash items
Total Assets
$14,142,396 11
Total Liabilities
$14,142,396 11
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
paid for
$10,126.41
$26,974.88
$4,000.00
Cost per $1,000 of assets
.72
.28
1.91
Cost per $1,000 of assets not including State tax and rent'
Gross income received during the year, $758,905.79.
.
Advertising
$2,146.21
Rates on Investments and Loans (Average on
Total
$53,341.28
3.77
2.77
Other Expenses
$10,093.78
.15
All,
.71
5.58%)
1,246 real estate loans, averaging $7,166.22 (average rate, 6.01%); 5%, $8,300;
$8,569,315; 6^%, $277,750; 7%, $8,000.
32 personal loans, averaging $9,362.64 (average rate, 5.37%); 4^%, $25,000;
$114,000; b l
$56,000; 5%%, $25,000; 6%, $48,105.
Bonds, stocks, etc. (average rate on amount invested, 4.75%).
Number of loans not over $3,000 each, 463, amounting to $786,996.50.
235 real estate loans made during year, amounting to $2,364,390.
bV2 %,
5%,
$65,750;
$31,500;
6%,
5}4%,
A%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits during year, 69,812,
Number
of
Net
2\i%
2M%
amounting to (accounts opened 6,013)
withdrawals during year, 37,731, amounting to (accounts closed 3,547)
increase in
*
Board
amount due depositors (accounts
of
Investment.
$249,711 00
264,062 05
3,890,645 98
$4,404,419 03
3,415,270 86
$989,148 17
increased 2,466)
t
Auditing Committee.
—
P. D. 8, Part
59
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$235,000 U. S. Treas. Bonds 4^9
1,260,600 United States 4Ms
22,000 Boston 4Ms
60,000 Fall River 4^s
25,000 Lakewood, O., 5s
25,000 Los Angeles, Cal., 5s
Nash. 4^9
Maine Central 4|s
Maine Central 5s
Minn., St. P. & S. Ste.
115,000
65,000
69,000
30,000
38,000
100,000
50,000
20,000
100,000
10,000
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 4^9
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
No. Pacific 4^s
No. Pacific 5s
No. Pacific 6s
Ohio River 5s
Pennsylvania 4J^s
Pitts., McK. & Yough.
Illinois
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 43^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Albany 33^s
Boston & Lowell 4s
Boston & Lowell 4 Ms
Boston & Maine 3^s
Boston & Maine 4s
1,500 Boston & Maine 6s
&
Louis.
4^9
4,000
5s
6s
63,000
15,000
20,000
25,000
$10,000 West End 4^9
72,000 West End 5s
9,000 Wore. Consolidated 5s
10,000 Wore. & Southbridge
Central 5s
$60,000
100,000
13,000
25,000
20,000
M.
$25,000
75,000
95,000
21,000
22,000
3,000
30,000
20,000
25,000
25,000
25,000
25,000
145,000
65,000
37,000
15,000
200,000
20,000
8,000
5,000
125,000
Par Value
Par Value
Portland Terminal 4s
Port. & Ogdens. 4Ms
Mil. & P. Sound 4s
Mil. & St. P. 4s
Mil. & St. P. 4^a
Mil. & St. P. 5s
R. I. & Pac. 4s
Chi. & Northwest. 5s
Cleve. Short Line 4Ms
Fitchburg 4s
Fitchburg 4 Ms
Illinois Central 4s
$189,000 Boston Terminal
West End
3^9
Telephone Company Bonds
$115,000 Am. Tel. & Tel. Co. 4s
62,000 Am. Tel. & Tel. Co. 5s
40,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
pany Bonds.
Com-
$25,000 Hingham Water Co. 5s
60,000 Newb'y'pt Gas & El.
Co. 5s
125,000 N. E. Power Co. 5s
25,000 Quincy Elec. Lt. & Pr.
Co. 5s
25,000 Turners Falls P. & El.
Co. 5s
20,000 Wevmouth L. & P. 5^3
10,000 Wore. Gas Lt. Co. 53^s
So. Pacific 4s
Union Pacific 5s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^9
Boston Elevated 5s
Boston Elevated 5>£s
Boston Elevated 6s
Eastern Mass. 4^s
Marlb. & Westboro 7s
$30,000
45,000
15,000
65,000
75,000
100,000
11,000
80,000
7s
Boston Terminal Co. Bonds
Central of Georgia 5s
Chi.,
Chi.,
Chi.,
Chi.,
Chi.,
Worc.& Southbridge
Bank Stocks
Shs.
120 Harvard Tr. Co., Cambridge
4s
CAMBRIDGE — EAST CAMBRIDGE SAVINGS BANK
Incorporated April 29, 1854.
Number
Gustavus Goepper, President.
Harold Studley, Clerk of the Corporation.
of corporators, 41
William E. Lloyd, Treasurer.
Charles H. Sloan, Assistant Treasurer.
G. W. Dearborn, J. G. Ferguson,* Gustavus Goepper,* W. F. Goepper, t A. H. GrausHartv.t F. W. Hastings,* G. H. Lawrence, Thomas Leighton, Jr., W. E. Llovd, C. J.
Mclntire, D. C. Proudfoot,* W. F. Ross, E. D. Sawyer, C. H. Sloan, W. P. Sutton, F. B. Wheeler, *f
H. E. Worcester.
Board
of Trustees:
tein,
M.
J.
Deposits draw interest from fifteenth day of each month; dividends are payable April 15 and October 15.
Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 12 m.; also Tuesdays, for deposits only, from
6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
....
due thereon)
Loans on personal security
1924
Liabilities
$2,150,529
1,164,784
163,500
43,445
198,066
14
88
00
00
25
268,590 00
44,651 00
1 00
....
....
...
Deposits (16,374 accounts, average
$730.68)
Christmas and other club deposits
Surplus:
Guaranty fund (4.31%
a.
posits)
Securities acquired for debts
Loans on real estate (less S3, 900
Bank building (est. vol., $30,000)
Due from banks and trust com
31,
$11,964,221 68
35,373 50
of de
517,295
503,513
45,744
22
2,396
b. Profit and loss
Interest, less current expenses
Discount unearned
Other liabilities
.
43
83
11
61
36
7,843,498 50
1,117,812 86
10,000 00
panies
54,129 08
9,559 81
Cash and cash items
Total Assets
Total Liabilities
$13,068,567 52
$13,068,567 52
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$12,950.43
$20,391.96
Cost per $1,000 of assets
.99
1.56
Cost i ^r SI. 000 of as-cts not including State tax and rent
Ckss income received during the year, $681,519.87.
.
*
Board
.
of
Investment.
Advertising
$3,871.42
.30
Other Expenses
$22,974.48
1.76
t Auditing
Committee.
Total
$60,188.29
4.61
3.62
60
P. D. 8, Part
Rates on Investments and Loans (Average on
All,
I.
5.56%)
1,787 real estate loans, averaging $4,389.19 (average rate, 6%); 6%, $7,837,499; 634%, $6,000.
91 personal loans, averaging $12,283.65 (average rate, 4.91%); 434%, $75,000; 434%, $292,000;
$25,000; 4M%. $249,900; 5%. $123,516; 534%, $173,602; 534%, $80,762; 6%, $97,500.
Bonds, stocks, etc. (average rate on amount invested, 4.89%).
Number of loans not over $3,000 each, 988, amounting to $1,693,050.17.
319 real estate loans made during year, amounting to $2,173,760.
454%
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924, 234%
Oct.,
Number
of deposits during year, 26,116,
Number
of
1924,
amounting
•
.
2H%
to (accounts
$264,765 85
254,065 06
3,141,058 76
.'
opened 2,029)
$3,659,889 67
2,476,446 52
withdrawals during year, 15,015, amounting to (accounts closed 1,422)
Net increase
in
amount due depositors (accounts increased
607)
$1,183,443 15
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$125,000 U. S. Treas. Bonds 4Ks
350 United States 334s
2,085,300 United States 43^s
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 434s
Baltimore & Ohio 5s
Boston & Albany 334s
Boston & Albany 5s
Boston & Maine 434s
Boston & Maine 7s
$36,000
25,000
30,000
50,000
15,000
35,000
40,000
25,000
42,000
21,000
50,000
100,000
25,000
25,000
15,000
50,000
Chi., Mil. & St. P. 4s
Chi., Mil. &St. P. 434s
Chi., St. Paul, M. & 0. 6s
Chi. & Northwest. 5s
Chi. & Northwest. 6s
Cleve. Short Line 434a
Conn. & Pass. Riv's 4s
Delaware & Hudson 4s
5,000 Illinois Central 4s
12,000 Illinois Central 5s
25,000 Louis. & Nash. 434a
105,000 Louis. & Nash. 5s
50,000 Louis. & Nash. 6s
10,000 Mil., Lake Shore &
West. 5s
Gas, Electric and Water
Par Value
$10,000
6,000
30,000
100,000
30,000
80,000
35,000
106,000
2,000
Mobile
&
6s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
No. Pacific 6s
No. Pacific 5s
Pennsylvania 434s
Ports., Gt. F. & Conway 434a
50,000 Portland Terminal 4s
25,000 So. Pacific 4s
25,000 Union Pacific 5s
Street Railway
Com-
pany Bonds
Ohio 6s
Montana Central
Par Value
$50,000 Lawrence Gas Co. 7s
25,000 Marl. -Hud. Gas
Co.
534s
25,000 N. B. Gas. & Ed. Lt.
Co. 6s
20,000 N. B. Gas & Ed. Lt.
Co. 634s
25,000 Newb'yp't Gas & El.
Co. 5s
100,000 N. E. Power Co. 5s
25,000 Turners Falls P. & El.
Co. 5s
Bonds
$115,000 Boston Elevated 434s
15,000 Marlboro & Westb. 7s
45,000 West End 5s
Boston Terminal Co. Bonds
$50,000 Boston Terminal 334s
Telephone Company Bonds
$100,000 Am. Tel. & Tel. Co. 5s
100,000 N. E. Tel. & Tel. Co. 5s
Bank Stocks
Shs.
12 Eliot Nl. Bk., Boston, in liq.
50 Nl. Shawmut Bk., Boston
54 Nl. Union B., Boston
50 State Street Tr. Co., Boston
50 Web. & Atl. Nl. Bk., Boston
20 Harvard Tr. Co., Cambridge
150 Lechmere Nl. Bk., Cambridge
33 Concord Nl. Bk.
11 Fall River Nl. Bk.
35 First Nl. Bk., Marlborough
CAMBRIDGE — NORTH AVENUE SAVINGS BANK
Incorporated March
Charles F. Stratton, President.
Frank E. Sands, Clerk of the Corporation.
7,
1872.
Number
of corporators, 31
Edward B. Stratton, Treasurer.
M. Alice Reed, Assistant Treasurer.
Board of Trustees: A. W. Blackman.f H. S. Drew, H. O. Edgerton.f E. L. Gruebv,* L. G. Hathaway,
D. E. Hall, Phineas Hubbard, W. E. Hutchins,* G. M. Olive.t C. F. Pierce.t C. D. Rice,* F. E.
Sands, M. W. Sands, A. P. Stone,* C. F. Stratton, *f E. B. Stratton, Samuel Usher, G. B. Wasson.
Deposits draw interest from tenth day of each month; dividends are payable January 10 and July
Business hours: 8.30 a.m. to 2 p.m.; Saturdays, 8.30 a.m. to 12 m., and from 6 to 8 p.m.
*
Board
of
Investment.
t Auditing
Committee.
10.
—
P. D. 8, Part
61
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$1,590,925
632,113
208,333
18,613
74,526
.
Telephone company bonds
Gas, electric and water companj
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $16,70(
....
51
30
78
75
70
Deposits (12,434 accounts, average,
$562.62)
Christmas and other club deposits
.
Guaranty fund (3.10%
a.
1,551 00
of de-
....
....
posits)
r
19,139 25
1,350 00
86,871,293 32
79,861 25
Surplus:
Profit and loss
Interest, less current expenses
b.
Discount unearned
215,800 00
132,181 94
77,273 44
1,773 58
I
due thereon)
Loans on personal security
Bank
building (est. val., $40,000)
Real estate by foreclosure, etc. (as
4,248,750 00
485,169 00
37,000 00
....
3,843 07
2,069 15
sessed value, $2,400)
Other assets
Due from banks and trust com
36,881 80
17,917 22
panies
Cash and cash items
Total Assets
Total Liabilities
$7,378,183 53
$7,378,183 53
Total Expenses for the Year, Including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
$14,309.12
paid for
$5,105.43
$2,000.00
1.94
.27
.69
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $374,947.95.
.
.
Advertising
$898.76
Rates on Investments and Loans (Average on
12
All,
Other Expenses
Total
$25,864.75
$3,551.44
3.50
.48
2.54
5.43%)
931 real estate loans, averaging $4,563.64 (average rate, 6%); 6%, $4,242,750; 8%, $6,000.
69 personal loans, averaging $8,223.20 (average rate, 4.88%); 4%, $75,000; 4^%, $35,000;
$65,000; 5%, $165,100; 5^%. $75,000; 5^%. $57,679; 6%, $12,390.
Bonds, stocks, etc. (average rate on amount invested, 4.60%).
Number of loans not over $3,000 each, 333, amounting to $608,969.
156 real estate loans made during year, amounting to $943,373.
4%%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 27,176,
Number
of
2}4%
2^%
July, 1924,
to (accounts opened 1,858)
amounting
withdrawals during year, 14,712, amounting to (accounts closed 1,379)
Net increase
in
amount due
depositors (accounts increased 479)
$143,809 88
156,070 89
2,120,961 02
$2,420,841 79
1,571,718 86
$849,122 93
—
62
P. D.
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 U. S. Treas. Notes 4^s
100,000 U. S. Treas. Notes 43^s
374,900 U. S. Treas. Notes 4%s
Par Value
$1,000
15,000
14,000
20,000
5,000
1,000
10,000
11,000
32,000
3,000
18,000
25,000
1,000
25,000 U. S. Certs, of Indebt.
4Ms
600 United States 3Hs
United States 4>£s
Boston 4s
Brockton 4s
Fitchburg 4s
1,004,450
2,000
13,000
12,000
3,000
3,000
1,000
3,000
500
4,000
10,000
1,000
Flint, Mich.,
4^s
Green Bay, Wis., 6s
Holyoke 3^8
Kansas City, Mo., 4s
Milwaukee, Wis., 4s
New Bedford 534s
New Bedford 5J^s
New London, Conn.,
10,000
5,000
5,000
35,000
15,000
5,000
Railroad Bonds
6,000
6,000
17,000
2,000
29,000
10,000
3,000
3,000
1,000
20,000
5,000
15,000
9,000
5,000
20,000
10,000
Fe 4s
Boston & Albany 33^s
Boston & Albany 4s
Boston & Albany 5s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 4J^s
Boston & Maine 6s
Boston & Maine 7s
Bridg'n & Saco Riv. 4s
B. & Q. 33^s
B. & Q. 4s
Chi.,Ind. & South. 4s
Chi., Mil. & Puget So. 4s
Chi., Mil. & St. P. 4s
C,
C,
Chi., Mil.
Chi., Mil.
& St. P.
& St. P.
Shore & Mich.
Southern 4s
& Nash. 4s
& Nash. 5s
Louis.
Louis.
4J^s
Maine Central 4^3
Michigan Central 4s
Mich. Cen., Jol. & No.
Ind. 4s
10,000 Minn., St. P. & S. Ste.
M. 4s
11,000 Montana Central 5s
20.000 N. Y. C. & H. R. 4s
20,000 N. Y. C. & H..R. 5s
40,000 N. Y., N. H. & H.3J^s
11,000 N. Y., N. H. & H. 4s
13,000 Norwich & Wore. 4s
16,000 Old Colony 4s
15,000 Pennsylvania 4s
10,000 Phila., Bait. & Wash. 5s
9,000 Port. & Ogdens. 4^3
8,000 Port. & Rum. Falls 4s
8,000 Prov. & Worcester 4s
10,000 Upper Coos 4s
5,000 Upper Coos 43^s
6,000 Washington Co. 3J^s
10,000 W. Va. & Pitts. 4s
Public Funds, Notes
$1,000 Chicopee 4s
S.
Fitchburg 4Ms
Central 3s
Central 3^3
la., Minn. & Northwest.
& Lex.
Boston Terminal Co. Bonds
$21,000 Boston Terminal 33^3
Telephone Company Bonds
$50,000 Am. Tel. & Tel. Co. 4s
10,000 Am. Tel. & Tel. Co. 5s
Co. 4s
Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$1,000 Arlington Gas Lt. Co.
5s
4,000 Leom. Elec. Lt. & Pwr.
Co. 43^3
15,000 N. E. Power Co. 5s
Bonds
Street Railway
5s
& Tel.
& Tel.
4,000 N. E. Tel.
15,000 N. E. Tel.
Bank Stock
$10,000 Boston Elevated 5s
15,000 Boston Elevated 53^3
43^s
Eastern Mass. 43^3
Eastern Mass. 6s
Leom., Shirley & Ayer
7s
Illinois
Illinois
Louis., Cin.
Citizens Electric 6s
15,000 Lynn & Boston 5s
4,000 Marlboro & Westb. 7s
3,000 Mill.,Holliston&Fram.
7s
7,000 Milford & Uxbridge 7s
2,500 Mystic Valley 6s
1,000 Peoples 5s
5,000 Prov. & Taunton 6s
5,000 So. Shore & Boston 6s
8,000 Springfield & Eastern 7s
24,000 West End 4s
20,000 West End 43^3
17,000 West End 5s
1,000 Western Mass. 5s
1,000 Wore. & Clinton 7s
1,000 Wore. Consolidated 5s
7,000 Wore. Consolidated 7s
5,000 Wore. & Southbridge 7s
3^3
3Hs
&
$11,000
43,000
4,000
4,000
10,000 Lake
1,000 Somerville 4s
2,000 Worcester 43^3
2,000 Ipswich 4s
10,000 Lincoln 33^s
$35,000 Atch., Top.
Par Value
Chi. & Northwest. 4s
Chi. & Northwest. 5s
Chi. & Northwest. 6s
Chi., R. I. & Pac. 4s
Cleve. Short Line 4^s
Conn. River 4s
Delaware & Hud. 4s
European & No. A. 4s
Fitchburg 4s
Shs.
15 First Nl. Bk.,
Marlborough
CANTON — CANTON INSTITUTION FOR SAVINGS
Incorporated
March
4,
1835.
Number
of corporators,
Francis D. Dunbar, President.
33
Charles F. Dings, Treasurer.
Helen M. Anderson, Clerk
of the Corporation
Board of Trustees: H. W. Barnum, J. H. Bissell, G. H. Capen, J. H. Draper,* F. D. Dunbar,*f H. L.
Fenno, C. H. French, J. C. Gerald, J. P. Lynch.t E. H. R. Revere,* W. B. Revere,* F. W. Sumner.t
Gilbert Tolman,* Roger Williams.
Deposits draw interest from first day of each month; dividends are payable April 15 and October 15.
Business hours: 8.30 a.m. to 3 p.m.; Saturdays, 8.30 to 12 m.; also Monday evenings, 7 to 8.30, for
deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Loans on real estate (less $7,800
due thereon)
Loans on personal security
Taxes, insurance, etc., paid on
mortgaged properties
Due from banks and trust com.
.
.
.
.
.
.
.
.
.
.
.
.
Cash
Total Assets
*
Board
$325,388
244,195
38,825
20,770
20,800
82
85
00
00
00
708,159 00
79,671 18
338 93
.
42,869 95
2,500 45
.
$1,483,519 18
of Investment.
1924
Liabilities
.
panies
31,
Deposits (2,872 accounts, average,
$1,367,531 21
U76.16)
Surplus:
a.
Guaranty fund U-72%
posits)
of de-
....
64,488
41,617
9,882
b. Profit and loss
Interest, less current expenses
Total Liabilities
$1,483,519 18
t Auditing Committee.
P. D.
8,
Part
I.
Total Expenses for the Year, including: State Taxes
Rent
Salaries
Tax (Net)
$1,045.00
$3,556.66
$1,826.58
paid for
2.40
.70
1.23
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $71,879.61.
Amount
$307.85
.
.
Other Expenses Total
$1,188.69
$7,924.78
.80
5.34
3.41
Advertising
State
.21
Rates on Investments and Loans (Average on
All,
5.36%)
averaging $3,105.96 (average rate, 5.99%); 5^%. $10,000; 6%, $698,159.
4%%, $9,671; 5Jtf%. $70,000.
7 personal loans, averaging $11,381.59 (average rate, 5.19%)
Bonds, stocks, etc. (average rate on amount invested, 4.70%).
Number of loans not over $3,000 each, 129, amounting to $218,739.
65 real estate loans made during year, amounting to $249,875.
228
real estate loans,
;
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2}£%
2M%
$28,175 72
28,955 27
295,678 14
•
during year, 3,690, amounting to (accounts opened 297)
$352,809 13
264,011 72
withdrawals during year, 2,060, amounting to (accounts closed 255)
Net increase
in
amount due depositors (accounts
$8S,797 41
increased 42)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$55,000
15,000
30,000
224,000
11.000
$5,000
20,000
5,000
20,000
30,000
U. S. Treas. Bonds 4^s
U. S. Treas. Notes 4%s
U. S. Treas. Notes 4^s
United States 4^s
Canton 4s
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Lowell 4s
Boston & Maine 4s
Par Value
$5,000
10,000
21,000
5,000
16,000
20,000
15,000
C,
B.
Q. 4s
& Hudson
4s
Fitchburg 4s
Fitchburg 43^s
Illinois Central 33^3
M. C, Eu. & No. Am. 4s
Minn., St. P. & S. Ste.
M.
25,000
25,000
10,000
20,000
&
Delaware
4s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Old Colony 4s
Street Railway Bonds
Par Value
$15,000 Boston Elevated 4^3
15,000 Eastern Mass. 4^s
10,000 Wore. Consolidated 5s
Telephone Company Bonds
$21,000 Am. Tel. & Tel. Co. 4s
2,000 N. E. Tel. & Tel. Co. 5s
g^g
Bank Stocks
100 First Nl. Bk., Boston
100 Nl. Shawmut Bk., Boston
8 Web. & At. N. Bk., Boston
CHELSEA — CHELSEA SAVINGS BANK
Incorporated April 29, 1854.
Warren Kimball, President.
Ralph W. E. Hopper, Clerk of the Corporation.
F.
Number
of corporators, 109
William B. Denison, Treasurer.
S. Harrower, Assistant Treasurer.
James
Board of Trustees: I. F. Atwood,* W. A. Baston, E. H. Curry, F. S. Cutting, f W. B. Denison, F. R.
Ellsworth, G. B. Fenwick, S. P. Gates, C. W. Gould,* J. S. Harrower, W. S. Henrv,* C. R. Hoag,*
R. W. E. Hopper, F. W. Kimball,* S. J. Littlefield, W. L. Martin, F. H. Matthews, W. E. McClintock,
Otis Merriam, W. C. Mitchell, P. L. Moses, W. J. Murdock.f C. A. Norris, H. M. Russell, W. H.
Shurtleff.f W. A. Soley, H. H. Stickney, L. K. Washburn.
Deposits draw interest from fifteenth day of each month; dividends are payable the fifteenth day of April
and October. Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 1 p.m.; also, for deposits only,
4 to 8 p.m.
*
Board
of Investment.
t Auditing
Committee.
—
64
P. D.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
$5,558,313
886,808
136,000
248,797
5,000
Telephone company bonds
Bank and trust company stocks
Loans on real estate (less $4,000
due thereon)
Loans on personal security
.
vol.,
etc.,
$86,600)
paid on
I.
Deposits (26,492 accounts, average,
$522.14)
$13,832,650 86
Surplus:
Guaranty fund (448%
a.
of de-
....
...
....
posits)
and loss
Discount unearned
Other liabilities
Profit
619,500 00
688,706 84
8,064 52
1,588 20
548 50
1,540 83
panies
....
25
00
50
00
6,489,004 00
1,575,941 91
25,860 47
.
Total Assets
91
b.
mortgaged properties
Other assets
Due from banks and trust com-
Cash and cash items
Part
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Bank building (est.
Taxes, insurance,
8,
1924
178,486 05
44,209 00
Total Liabilities
$15,150,510 42
$15,150,510 42
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Rent
Salaries
Other Expenses
Total
$6,936.83
$61,177.25
.46
4.03
2.93
Advertising
t
Amount
paid for
$13,235.25
$36,238.38
$3,50 .00
.87
2.39
Cost per $1,000 of assets
.23
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $732,620 63.
$1,266.79
.08
.
Rates on Investments and Loans (Average on
All,
5.15%)
1,831 real estate loans, averaging $3,543.97 (average rate, 5.99%); 534%, $114,550; 6%, $6,362,454:
$12,000.
IBS personal loans, averaging $10,300.27 (average rate, 4.78%); 4%, $50,000; 434%, $290,500;
$167,000; 4H%, $448,500; 4.80%, $150,000; 4]/8 %, $50,000; 5%, $191,550; 5M%, $22,700;
$106,976; 6%, $83,216; <S]/2 %, $15,500.
Bonds, stocks, etc. (average rate on amount invested, 4.44%).
Number of loans not over $3,000 each, 1,089, amounting to $1,850,005.41.
214 real estate loans made during year, amounting to $1,245,300.
634%.
434%,
f,U%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 71,013,
Number
of
234%
$308,602 80
291,912 45
4,335,343 47
1924, 2}4%
to (accounts opened, 3,295)
amounting
$4,935,S58 72
3,745,548 65
withdrawals during year, 33,556, amounting to (accounts closed 3,133)
Net increase
amount due depositors (accounts increased
in
$1,190,310 07-
162)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$350,000 U. S. Treas. Bonds 4^s
100,000 U. S. Treas. Notes 4%s
3,378,000 United States 434s
67,000
150,000
133,000
52,000
30,000
56,500
10,000
16,000
10,000
50,000
6,000
20,000
55,000
66,000
121,000
43,000
20,000
68,000
18,000
125,000
25,000
30,000
23,000
25,000
20,000
33,000
11,000
42,000
25,000
58,000
Essex Co. 4Jis
Hampden Co. 4s
Boston 4s
Brockton 4s
Cambridge 4s
Chicopee 4s
Chicopee 434s
Chicopee 534s
Cleveland, O., 6s
Fall River 434s
Fitchburg 4s
Lawrence 5s
Lowell 4 Ms
Maiden 4s
Marlboro 4s
Medford 4s
Melrose 4s
Pittsfield 4s
Quincy 5s
Springfield 4s
Agawam 4s
Arlington 4s
Arlington 434s
Chatham
4s
Danvers 4s
Edgartown 4s
Greenfield 534s
Hudson 4s
Longmeadow 4s
Montague 4s
Par Value
$89,000
40,000
50,000
20,000
Par Value
Wakefield 4s
Warren 4s
West Springfield 4s
Wilbraham 4s
Public Funds, Notes
$25,000
50,000
20,000
30,000
8,000
36,000
16,000
15,000
25,000
20,000
45,000
Chelsea 4.10%
Quincy 4s
Bourne 4s
Cohasset 4s
Concord 434s
Holliston 4s
Hull 534s
Middleboro 4.20%
Scituate
3.30%
Tisbury 4s
Whitman
3.60%)
Railroad Bonds
$3,000 Aroostook Northern 5s
50,000 Atch., Top. & S. Fe 4s
50,000 Baltimore & Ohio 434s
5,000 Boston & Albany 4s
30,000 Boston & Albany 5s
55,000 Boston & Maine 4^s
50,000
25,000
50,000
35,000
75,000
23,000
8,000
6,000
B. & Q. 4s
Chi., Mil. & St. P. 434s
Chi., Mil. & St. P. 5s
Chi., R. I. & Pac. 4s
Chi. & Northwest. 6s
Fitchburg 4s
C,
Fitchburg 434s
Fitchburg 5s
$50,000 Illinois Central 4s
40,000 Lake Shore & Mich. So.
25,000
50,000
15,000
25,000
4s
Louis.
&
Nash. 6s
Maine Central 434s
Michigan Central 4s
Mil., Sparta & Northw.
4s
35,000 Minn., St. P. & S. Ste.
M. 4s
25,000 N. Y. C. & H. R. 4s
25,000 N. Y.. N. H. & H. 334*
10,000 No. Maine Seaport 5s
50,000 No. Pacific 4s
50,000 Old Colony 4s
75,000 Pennsylvania 434s
8,000 Portland Term. Co. 4s
20,000 Wash. & Col. Riv. 4s
Street Railway Bonds
Boston Elevated 434s
Boston Elevated 5s
Eastern Mass. 434s
$15,000
40,000
25,000
25,000
50,000
Holyoke 5s
West End
5s
Telephone Company Bonds
$200,000 Am. Tel. & Tel. Co. 5s
50,000 N. E. Tel.
&
Tel. Co. 5s
Bank Stocks
Shs.
50 Chelsea Trust Co.
'
—
P. D. 8, Part
I.
65
CHELSEA — COUNTY SAVINGS BANK
Number
Incorporated February 27, 1890.
of corporators, 134
Albert D. Bosson, President.
Royal
Eben Hutchinson,
Florence
Clerk of the Corporation.
S.
Wentworth, Treasurer.
M. Knowles,
Assistant Treasurer.
Board of Trustees: H. P. Abbott, T. A. Addison, G. H. Akins, A. B. Atwood, A. D. Bosson,* Campbell
Bosson,* D. C. Buck, Andrew A. Cassassa, F. A. Cheney, D. J. Coburn, J. M. Curley, T. F. Driscoll,
V. A. Field,* W. S. Fraeker,*t C. W. Freeman, T. B. Frost.t A. E. Gates, G. I. M. Hayes, Eben Hutchinson, Louis R. Kiernan, D. R. W. Murdock, Roscoe Pierce, F. A. Pitcher, S. H. Robie, H. J. Skeffington, D. H. Sullivan, G. A. Tapley.f J. F. Tierney,* E. J. Voke, C. A. Warren, R. S. Wentworth,
E. E, Willard.
Deposits draw interest from third Saturday of each month; dividends are payable the Monday following
the third Saturday of April and October. Business hours: 8 a.m. to 1 p.m.; also Saturdays, 5 to
9 p.m., for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
Liabilities
38
40
55
00
25
00
1,996 75
$531,043
380,216
125,590
28,000
49,371
137,018
.
Securities acquired for debts
Loans on real estate (less $19,283
.
....
due thereon)
Loans on personal security
Bank building (est. vol., $65,000)
Due from banks and trust com
Deposits (13,478 accounts, average,
$340.94)
Surplus:
Guaranty fund (442%
a.
Other
$4,595,213 04
of de-
....
....
posits)
b. Profit and loss
Interest, rents, etc.,
expenses
2,721,817 76
928,367 78
38,000 00
liabilities
203,000 00
206,644 67
current
less
1,394 56
1,022 71
61,175 32
4,677 79
panies
Cash and cash items
Total Assets
1924
31,
...
Total Liabilities
$5,007,274 98
.
$5,007,274 98
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
Advertising
paid for
$6,239.57
$18,061.12
1.25
Cost per $1,000 of assets
3.60
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $256,674.94.
.
$756.10
.
.15
Rates on Investments and Loans (Average on
All,
5.54%)
bV2 %, $7,300; 5%%, $13,500;
6%, $1,911,272; 6H%, $654,932; 7%, $127,894.
personal loans, averaging $9,377.45 (average rate, 4.96%); 4M%, $25,000; 4^%, $280,000; 4^%.
$25,000; 4%%, $38,000; 5%, $329,599; 5M%, $78,800; 5^%. $80,549; 6%, $49,150; 6>|%
1,021 real estate loans, averaging $2,665.84 (average rate,
99
Other Expenses
Total
$6,893.07
$31,949.86
1.38
6.38
5.13
6.16%) 5%, $6,920;
;
$15,270; 7%, $6,000.
Bonds, stocks, etc. (average rate on amount invested, 4.60%).
Number of loans not over $3,000 each, 792, amounting to $1,241,625.54.
162 real estate loans made during year, amounting to $662,025.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct., 1924,
Number
of deposits during year, 35,846,
Number
of
2%%
2M%
....
....
$101,094 23
96,814 58
1,502,532 43
amounting to (accounts opened 2,484)
withdrawals during year, 12,685, amounting to (accounts closed 1,399)
Net increase
*
in
Board
amount due
of
depositors (accounts increased 1,085)
Investment.
$1,700,441 24
1,269,047 51
$431,393 73
t Auditing
Committee.
P. D.
60
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$650 United States 3^3
473,550 United States 4J4s
10,000 U. S. Treas. Bonds 4J4s
1,000 Massachusetts 3s
2,000 Massachusetts 3^s
1,000
4,000
6,750
1,000
1,000
2,000
2,000
3,000
1,000
1,000
2,200
1,000
Washington Co., Me., 4s
Chelsea 314»
Chelsea 4J4s
Everett 4s
Lowell 4V2 s
New Bedford 3^3
New Bedford 4s
Springfield 3J43
Seattle, Wash., 4s
Framinghani 4s
Plymouth 4s
Reading 4s
Public Funds, Notes
$4,000 Chelsea 6s
18,500 Revere 4.90%
4,500 Blandford (F. D.) 4}
500 Ipswich 4s
$15,000
20,000
5,000
10,000
5,000
12,000
14,000
5,000
2,000
5,000
5,000
5,000
0,000
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 3J^s
Baltimore & Ohio 4s
Baltimore & Ohio 4J^s
Beech Creek, 4s
Boston & Albany 3^3
Boston & Albany 4s
Boston & Albany 5s
Boston & Lowell 4s
Boston & Maine 3s
Boston & Maine 4s
Boston & Maine 4 is
Boston & Maine 6s
Par Value
$1,000 Boston
10,000
10,000
25,000
6,000
5,000
7,000
5,000
43,000
15,000
30,000
5,000
11,000
5,000
5,000
5,000
12,000
32,000
1,000
20,000
7,000
5,000
4,000
10,000
10,000
5,000
1,000
10,000
1,000
6,000
& Maine 7s
& Q. 4s
& St. P. 4^3
Chi., Burl.
Chi., Mil.
Chi.
Chi.
&
&
Delaware
& Hudson
4s
Norwich & Wore. 4s
Old Colony 3^s
Old Colony 4s
Pennsylvania 4^3
Peoria & Northwest. 33^3
Phila., Bait,
& Wash.
5s
Portland Term. Co. 4s
& Rum.
Falls 4s
Providence Term. Co. 4s
Upper Coos 4s
Upper Coos 4J^s
Washington Co. 3)^s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated 6s
Eastern Mass. 4J^s
Lynn & Boston 5s
$20,000
22,000
5,000
25,000
17,000
30,000
7,000
2,000
5,000
3^s
Northwest. 4s
Northwest. 5s
Fitchburg 4s
Illinois Central 3^s
Illinois Central 3s
Illinois Central 4s
Lake Shore & Mich. So. 4s
Louis. & Nash. 4s
Michigan Central 3^s
N. Y. C. & H. R. 3Hs
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
H. Y., N. H. & H. 33^3
N. Y., N. H. & H. 4s
Port.
Boston Terminal Co. Bonds
Par Value
$35,000 Boston Terminal
Telephone Company Bonds
$45,000 Am. Tel. & Tel. Co. 4s
10,000 N. E. Tel. & Tel. Co. 5s
Bank Stocks
Shs.
20 Beverlv Nl. Bk.
20 First Nl. Bk., Boston
10 Merchants Nl. Bk., Boston
75 Nl. Union Bk., Boston
14 Second Nl. Bk., Boston
50 State St. Tr. Co., Boston
50 Web. & At. Nl. Bk., Boston
60 Broadway Nl. Bk., Chelsea
125 Chelsea Tr. Co.
25 Danvers Nl. Bk.
34 Metacomet Nl. Bk., FallRiv.
7 Fitchburg Bk. and Tr. Co.
2
5
8
6
30
50
60
52
10
9
1
50
28
100
27
25
25
West End 4s
West End 4J^s
West End 5s
Wore. Consolidated 7s
10
Foxboro Nl. Bank
Gloucester S. D. & Trust Co.
First Nl. Bk., Haverhill
Merrimack Nl. Bk., Haverhill
Citv Nl. Bk., Holyoke
Appleton Nl. Bk., Lowell
Old Lowell Nl. Bk., Lowell
Wamesit Nl. Bk., Lowell
National Bk. of Methuen
Milford Nl. Bk., Milford
Blue Hill Nl. Bk.. Milton
First Nl. Bk., Northampton
Warren Nl. Bk., Peabody
Merchants Nl. Bk., Salem
Naumkeag Tr. Co., Salem
Chicopee Nl. Bk., Springfield
Crocker Nl. Bk., Turners Falls
Waltham Nl. Bk.
CHICOPEE — CHICOPEE SAVINGS BANK
Incorporated February 27, 1845.
Nelson B. Carter, President.
William F. Bostwick, Clerk of
the Corporation.
Number
of corporators, 59
Charles J. Seaver, Treasurer.
Carrie M. Stebbins, Assistant Treasurer.
Blaisdell, W. F. Bostwick, N. B. Carter,* D. S. Courtney, C. W. Crehore, F. X.
J. Driscoll, W. J. Fuller,* E. G. Gaylord,* J. M. Grise, J. P. Kirby, C. A. Ludden, H. A.
J. L. Pease.t P. C. Pond,* J. J. Sitnik.
H.
Norton.t
F.
Morse.t
Board of Trustees: G. A.
Deroin, C.
Deposits draw interest from first business day of each month; dividends are payable January 1 and July
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.; also Fridays, 6 to 8 p.m.
*
Board
of
Investment.
t Auditing
Committee.
1.
—
P. D. 8, Part
67
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate
Loans on personal security
Bank building {eat. val., $75,000)
Furniture and fixtures
Taxes, insurance, etc., paid on
mortgaged properties
$420,749
481,073
79,225
40,310
56
75
00
00
48,875
59,100
30
2,734,537
377,935
70,000
10,000
00
00
00
00
00
00
00
trust
Total Assets
$4,002,176 80
Surplus:
Guaranty fund (5.05%
a.
of de-
....
....
....
posits)
b. Profit and loss
Interest, rents, etc.,
expenses
Discount unearned
Other liabilities
202,200 00
164,518 79
current
less
26,587 64
7,061 73
2.S97 59
com
61,540 34
21,823 53
panies
Cash and cash items
Liabilities
Deposits (6,521 accounts, average,
$613.73)
243 37
.
Due from banks and
1924
31,
....
Total Liabilities
$4,405,442 55
$4,405,442 55
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
$2,698.37
$4,119.15
.61
.94
$10,182.00
$525.00
$4,317.48
paid for
.12
.98
2.31
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $221,247.67.
.
Rates on Investments and Loans (Average on
All,
Total
$21,842.00
4.96
3.86
5.23%)
A%,
$2,734,537.
1,017 real estate loans, averaging $2,688.82 (average rate, 5.50%); o l
54 personal loans, averaging $6,998.79 (average rate, 5.01%) 4%, $75,000;
$92,055; 534%, $20,000; 5J^%, $165,400; 6%, $480.
Bonds, stocks, etc. (average rate on amount invested, 4.65%).
Number of loans not over $3,000 each, 768, amounting to $1,309,867
114 real estate loans made during year, amounting to $284,330.
4%%
$25,000;
5%
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
234%
234%
...
during year, 12,063, amounting to (accounts opened 1,114)
...
.
$1,326,385 67
1,180,796 03
withdrawals during year, 8,674, amounting to (accounts closed 1,034)
Net increase
in
amount due depositors (accounts increased
$83,017 27
85,947 45
1,157,420 95
.
$145,589 64
80)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$405,000 United States 434s
30,000 U. S. Treas. Notes 43^s
1,500
Amesbury
4s
Railroad Bonds
$25,000 Atch., Top. & S. Fe 4s
35,000 Baltimore & Ohio 4s
20,000 Boston & Maine 4s
5,000 Boston & Maine 4^s
38,000
20,000
30,000
22,000
25,000
30,000
39,000
C,
B.
&
Q. 33^s
Chi., Mil. & St. P. 5s
Chi., R. I. & Pac. 4s
Conn. River 4s
Fitchburg 4s
Illinois Central 33^9
Illinois Central 4s
Par Value
$25,000 Lake Shore
Telephone Company Bonds
&
Mich. So.
4s
25,000 Louis. & Nash. 6s
25,000 Maine Central 43^3
5,000 Mich. Cent.- Mich. Air
L. 4s
10,000 N. Y. C. & H. R. 4s
20,000 N. Y. C. & H. R. 5s
40,000 N. Y., N. H. & H. 3^3
45,000 N. Y., N. H. & H. 4s
35,000 Pennsylvania 43^3
10,000 Sullivan County 6s
Street Railway Bonds
$55,000 Boston Elevated 4s
10,000 Eastern Mass. 4^3
5,000
10,000
West End
West End
4s
5s
Par Value
$42,000
Am.
Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$20,000 Lawrence Gas Co. 7s
30,000 N. E. Power Co. 5s
Bank Stocks
Shs.
50
100
50
50
50
Boston
Bk., Boston
Union Bk., Boston
Chapin Nl. Bk., Springfield
Union Tr. Co., Springfield
First Nl. Bk.,
Nl.
Nl.
Shawmut
—
68
P. D.
8,
CHICOPEE — CHICOPEE FALLS SAVINGS BANK
Incorporated
May
11, 1875.
Number
George M. Morton, President.
Eugene
J.
Part
I.
of corporators, 59
John B. Knight, Treasurer.
Mabel Hobart Page, Assistant Treasurer.
O'Neil, Clerk of the Corporatic
of Trustees: J. O. Beauchamp, C. W. Brav, N. P. A. Carter, D. J. Driscoll, F. C. Flint, *t L. J.
Gibbs, F. L. Hinkley.f F. D. Howard, W. O. Kentfield,* C. W. King, J. B. Knight, C. P. La Riviere,
C. H. Leonard, L. N. Lyon, A. R. Martin,* G. M. Morton,* E. J. O'Neil, E. J. O'Neil, Jr., F. E.
Patterson.t I. T. Prosser, A. E. Taylor, F. S. Taylor, C. H. Thomas.
Board
Deposits draw interest from first day of each month; dividends are payable January 1 and July 1. Business hours; 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.; also Thursdays and Saturdays, 6 to
8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
$250,027
541,657
121,762
54,527
Bank building (est. vol., $38,000)
Due from banks and trust com
....
Deposits (6,218 accounts, average,
$461.07)
Christmas and other club deposits
Guaranty fund (4-79%
of de
posits)
Profit and loss
Interest, rents, etc.,
b.
142,000 00
123,200 11
.
expenses
1,928,135 50
122,256 10
30,500 00
$2,866,941 71
95,473 50
Surplus:
a.
....
Discount unearned
less
current
19,913 28
745 69
.
44,352 97
9,920 26
panies
Cash and cash items
Total Assets
86
85
75
50
123,515 00
21,602 00
16 50
.
....
1924
Liabilities
Securities acquired for debts
Loans on real estate (less $11,950
due thereon)
Loans on personal security
31,
$3,248,274 29
.
Total Liabilities
$3,248,274 29
Total Expenses for the Year, including State Taxes
Tax (Net)
Salaries
Rent
paid for
$3,236.04
$8,576.33
$1,200.00
2.64
1.00
.36
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $163,983.91.
State
Amount
.
.
Advertising
$1,328.02
.41
Rates on Investments and Loans (Average on
All,
Other Expenses
$4,080.08
1.26
Total
$18,420.47
5.67
4.31
5.31%)
631 real estate loans, averaging $3,055.68 (average rate, 5.50%); 5J^%, $1,925,536; 6%, $2,600.
49 personal loans, averaging $2,495.02 (average rate, 5.04%); 4%, $20,000; 4J^%, $15,000; 5%, $55,019;
6%,
Bonds,
$32,237..
stocks, etc. (average rate on amount invested, 5.02%).
of loans not over $3,000 each, 469, amounting to $755,081.60.
Number
95 real estate loans made during year, amounting to $266,570.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits during year, 18,627,
Number
of
2}^%
2M%
amounting to (accounts opened
1,191)
withdrawals during year, 9,248, amounting to (accounts closed 1,148)
Net increase
*
in
Board
amount due
of
$1,164,150 40
953,031 78
$211,118 62
depositors (accounts increased 43)
Investment.
$56,345 79
59,897 22
1,047,907 39
t
Auditing Committee.
—
P. D. 8, Part
69
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$255,700 United States 434a
$11,000
25,000
46,000
20,000
47,000
8,000
20,000
20,000
10,000
25,000
49,000
5,000
4,000
Railroad Bonds
$37,000 Atch., Top. & S. Fe 4s
10,000 Baltimore & Ohio 4s
15,000 Baltimore & Ohio 4J^s
10,000 Baltimore & Ohio 5s
15,000 Bangor & Aroostook 5s
17,000 Boston & Albany 4s
10,000 Boston & Albany 5s
3,000 Boston & Maine 4s
5,000 Boston & Maine 4Ks
5,000
10,000
5,000
10,000
10,000
20,000
10,000
5,000
20,000
8,000
10,000
10,000
5,000
10,000
5,000
12,000
10,000
&
&
Par Value
$23,000 Am. Tel. & Tel. Co. 4s
30,000 Am. Tel. & Tel. Co. 53
5,000 N. E. Tel. & Tel. Co. 5s
N. Y., N. H. & H. 3^3
N. Y., N. H. & H. 4s
No. Maine Seaport 53
No. Pacific 4s
No. Pacific 6s
Old Colony 4s
Old Colony 5V2 s
Pennsylvania 4^s
Portland Terminal 5s
St. L., Peoria & Northw.
Gas, Electric and Water
Maine Central 4^3
Maine Central 5s
Michigan Central 5s
Mil., Sparta & N. W. 4s
Minn., St. Paul &Ste.M.
4s.
&
& H.
Bank Stocks
Shs.
20 First Nat'l Bk., Boston
16 Frank. Co. Tr. Co., Greenfield
70 Hadley Falls Tr. Co., Holyoke
40 Chapin Nl. Bk., Springfield
25 Chicopee Nl. Bk., Springfield
20 Springfield S. D. & T. Co.
20 Hadley Falls Nl. Bk., Holyoke,
Holyoke 5s
Springfield
P. G. & El. 6s
Eastern Mass. E. Co. 6s
Hingham Water Co. 5s
Lawrence Gas Co. 7s
Ded.
Marl.-Hudson Gas Co.
53^3
40,000 N. E. Power Co. 5s
15,000 Pittsfield Elec. 6s
20,000 Turners Falls P. & El.
Co. 53
10,000 Weymouth L. & P. Co.
53^3
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^3
Boston Elevated 5s
Boston Elevated 6s
Eastern Mass. 4^s
Eastern Mass. 6s
$10,000
10,000
22,000
5,000
26,000
20,000
10,000
10,000
14,000
1,000
Com-
pany Bonds
$5,000
10,000
5,000
10,000
10,000
10,000 Sullivan County 6s
3,000 Vermont Val. 4^s
4Hs
St. P.
St. P. 5s
Chi. & Northwest. 5s
Chi. & Northwest. 6s
Clev. Short line 4^s
Delaware & Hudson 4s
Fitchburg 5s
Illinois Central 4s
Lexington & Eastern 5s
Louis. & Nash. 4s
Louis. & Nash. 5s
M.
Nash., Flor. & Sheffi. os
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
5s
Central of Georgia 5s
Chi., Mil.
Chi., Mil.
Telephone Company Bonds
Par Value
Eastern 7s
Wore. Consolidated os
Wore. & Southbridge 7s
in liq.
Home
50
Nl. Bk., Holyoke, in
liq.
CLINTON — CLINTON SAVINGS BANK
Incorporated
May
15, 1851.
Number
of corporators, 39
Frank M. Hammond, Treasurer.
Eli Forbes, President.
John Chandler, Clerk of
William Hamilton, Assistant Treasurer.
the Corporation.
Board of Trustees: P. H. Babcock,
W.
L. Bancroft, G. A. Brown,* L. D. Carter, John Chandler, Eli Forbes,*
J. W. Forrester,* J. J. Goodwin, t E. A. Hackett.f William Hamilton, F. M. Hammond, Charle3
Mayberry,* J. A. McQuaid,* J. D. Missroon,* H. G. Pratt, f J. E. Thayer.*
Deposits draw interest from the fifteenth day of each month: dividends are payable April 15 and October
15.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water companj
bonds
Bank and trust company stocks
Loans on real estate (less $63,428.4
due thereon)
Loans on personal security
Furniture and fixtures
Due from banks and trust com
.
....
31,
1924
Liabilities
$1,438,053
686,736
71,312
65,000
104,262
95
25
50
00
50
....
....
Deposits (9,590 accounts, average
$573.56)
Surplus:
a. Guaranty fund (4-76% of de
posits)
$5,500,514
262,025
161,175
17,636
1,842
236
b. Profit and loss
Interest, less current expenses
.
40,000 00
107,450 00
Discount unearned
Other liabilities
.
00
87
24
53
94
2,772,872 59
526,739 46
8,091 12
panies
120,649 25
2,263 56
Cash and cash items
Total Assets
Total Liabilities
$5,943,431 18
$5,943,431 18
Total Expenses for the Year, including State Taxes
State
Amount paid
Tax
(Net)
Salaries
for
$7,297.77
$9,983
per $1,000 of assets
1.23
1
per $1,000 of assets not including State tax
.
.
32
Rent
$3,500.00
Cost
Cost
and rent
Gross income received during the year, $310,105.24.
*
Board
of Investment.
.59
Advertising
$406.13
,07
Total
Other Expenses
$27,759.14
$6,571.92
4.67
1.10
2.85
t Auditing
Committee.
70
P.
Rates on Investments and Loans (Average on
615 real
estate loans,
5%,
averaging $5,384.21 (average rate, 5.88%);
All,
D.
8,
Part
I.
5.21%)
5J^%. $555,965; 6%,
$66,000;
$2,150,908.
175 personal loans, averaging $3,009.93 (average rate, 5.58%); 4%, $25,000; 434%, $25,000;
5%, $31,260; h\i%, $80,000; 534%, $71,825; 6%, $291,454.
Bonds, stocks, etc. (average rate on amount invested, 4.41%).
Number of loans not over $3,000 each, 274, amounting to $572,075.66.
136 real estate loans made during year, amounting to $1,049,240.
4%%,
$2,200;
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 12,472,
Number
of
1924,
234%
2H%
....
....
$120,485 56
120,025 32
985,606 22
amounting to (accounts opened 774)
$1,226,117 10
1,201,150 35
withdrawals during year, 9,035, amounting to (accounts closed 900)
Net increase
in
amount due depositors (accounts decreased
126)
$24,966 75
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$278,000 U. S. Treas. Bonds 4^8
1,097,900 United States 4^s
Public Funds, Notes
$22,000 Clinton os
44,000 Lancaster 5s
6,000 Lancaster 5Hs
1,800 Sterling 5^s
3,900 Three Rivers
(F.
D.)
Railroad Bonds
Bangor & Aroostook 5s
Boston & Albany 3^s
Boston & Albany 4s
Boston & Albany 5s
Boston & Lowell 43^9
Boston & Maine 4s
C,
B.
Chi.,
&
Q.
Mil.
3^s
&
Puget
Sound 4s
10,000
10,000
10,000
53,000
Chi., Mil.
Chi., Mil.
&
&
4^s
St. P.
St. P. 5s
& Northwest.
Fitchburg 4s
Chi.
Fitchburg 4^s
Illinois Central 33^s
Illinois Central 4s
Lake Shore & Mich. So.
33^9
5,000 Lake Shore & Mich. So.
$5,000
13,000
20,000
25,000
20,000
10,000
15,000
15,000
4s
Louis.
3^9
20,000
7,000
45,000
5,000
60,000
61,000
15,000
10,000
30,000
20,000
10,000
Par Value
$65,000 Boston Terminal 334 s
Telephone Company Bonds
$70,000 Am. Tel. & Tel. Co. 4s
35,000 N. E. Tel. & Tel. Co. 5s
&
Nash. 5s
Maine Central 43^9
Michigan Central 33^9
Mil.,
Lake Shore &
W'est
5V2 s
$4,000
29,000
45,000
24,000
10,000
65,000
20,000
10,000
Boston Terminal Co. Bonds
Par Value
Kg
Gas, Electric and Water
N. Y. C. & H. R. 3J^s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^9
N. Y., N. H. & H. 4s
Old Colony 4s
Pennsylvania 4s
Pennsylvania 43^3
Pennsylvania 5s
Portland Term. Co. 4s
Upper Coos 434 s
Com-
pany Bonds
$20,000 N. B.
Co.
10,000 N. B.
Co.
10,000 Wore.
&
Gas
Ed. Lt.
5s
Gas & Ed.
Lt.
7s
Gas
Lt. Co. 534s
Bank Stocks
Shs.
250
55
250
40
Street Railway Bonds
$32,000 Boston Elevated 4s
20,000 Boston Elevated 4J^s
20,000 Boston Elevated 5s
First Nl. Bk., Boston
Web. & At. Nl. Bk., Boston
Clinton Trust Co.
Fitchburg Bk. and Tr. Co.
12 First Nl. Bk.,
New
Bedford
COHASSET— COHASSET SAVINGS BANK
Incorporated February 28, 1845.
Charles
W. Gammons,
Number
of corporators, 37
Everett
President
W. Gammons,
Treasurer.
Russell B. Tower, Clerk of the Corporation
of Trustees: H. L. Brown,* G. W. Collier, t C. W. Gammons,* E. W. Gammons, D. W. Gilbert,
O. H. Howe,* Edward Nichols, S. R. Nichols, F. R. Pegram.f E. E. H. Souther, D. N. Tower,*
N. B. Tower, R. B. Tower.t E. P. Wentworth.
Board
Deposits draw interest from first day of each month; dividends are payable the Wednesday after the first
Tuesday of January and July. Business hours: 8.30 a.m. to 12 m.; 1 to 4 p.m.; Saturdays, 8.30 a.m.
to 12
m.
Board
of
Investment.
t
Auditing Committee.
P. D. 8, Part
71
I.
STATEMENT OF CONDITION, OCTOBER
Liabilities
Asset*
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
1269,253
169,823
91,687
31,287
Telephone company bonds
Gas, electric and water company
bonds
.
....
....
....
building (est.
val.,
$28,000)
—
average,
Guaranty fund (4-84%
a.
$1,656,874 16
of de
80,275 42
78,347 37
29,138 89
b. Profit and loss
Interest, less current expenses
.
...
Discount unearned
55 42
1,141,554 95
18,120 00
8,000 00
145 09
Other assets
Due from banks and trust companies
Surplus:
posits)
trust company stocks
Securities acquired for debts
Loans on real estate (less $403.25
due thereon)
Loans on personal security
....
....
Deposits (3,209 accounts
$516.32)
58
75
50
70
39,768 50
38,468 00
160 00
Bank and
Bank
1924
31,
29,486 95
6,935 24
Cash and cash items
Total Assets
$1,844,691 26
Total Liabilities
$1,844,691 26
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
.
Rates on Investments and Loans (Average on
real estate loans,
$2,810.27
1.52
.12
.
429
Other Expenses
$219.80
$250.00
$6,492.16
paid for
$1,059.51
.57
3.52
.14
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
year,
$96,545.14.
during
the
Gross income received
averaging $2,660.97 (average rate, 6.09%);
5%,
All,
5.60%)
$3,575;
$56,625; 7%, $75,058.
$10,000;
11 personal loans, averaging $1,647.27 (average rate, 5.42%);
$4,500.
Bonds, slocks, etc. (average rate on amount invested, 4.75%).
Number of loans not over $3,000 each, 305, amounting to $422,884.20.
51 real estate loans made during year, amounting to $163,540.
4^%,
Total
$10,831.74
5.87
5.16
6%,
5%,
$1,006,297;
$50;
6%,
6H%.
$3,570;
7%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2%%
July, 1924,
2\i%
Number
of deposits
Number
of
....
withdrawals during year, 2,670, amounting to (accounts closed 194)
Net increase
in
$33,597 73
34,511 22
320,594 10
during year, 4,687, amounting to (accounts opened 240)
amount due
$388,703 05
295,015 82
$93,687 23
depositors (accounts increased 46)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$52,600 U.S. Treas. Notes 4%s
5.50 United States 3 Ms
224,250 United States 4J^s
$10,000
10,000
10,000
15,000
4,000
25,000
2,000
5,000
20,000
17,000
5,000
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Bangor & Aroostook 5s
Boston & Albany 5s
Boston & Maine 7s
C,
B.
&
Q.
3^s
& St. P. 4^3
Pass. Rivers 4s
Fitchburg 4s
Chi., Mil.
&
Conn.
Central 3J^s
Minn., St. P. & S. Ste.
Illinois
M.
4s
5,000 Minn., St. P.
M.
5s
&
S.
Ste.
Telephone Company Bonds
Par Value
X. Y., X. H. & H. 3^s
X. Y., X. H. & H. 4s
Xo. Maine Seaport 5s
Xo. Pacific 3s
Portland Terminal Co. 4s
Washington Co. 3 j^s
$10,000
10,000
15,000
15,000
10,000
5,000
$20,000 Am. Tel. & Tel. Co. 4s
5,000 Am. Tel. & Tel. Co. 5s
8,000 X. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 Xewburyport Gas & El.
Co. 5s
5,000 Leominster E. L. & P.
Co. 4^s
15,000 X. E. Power Co. 5s
10,000 Old Colonv Gas Co. 5s
Street Railway Bonds
$25,000 Boston Elevated 4s
4,000 Boston & Revere 5s
30,000 Eastern Mass. 4^3
1,000 Eastern Mass. 5s
5,000 Eastern Mass. 6s
5,000
20,000
5,000
5,000
5,000
Holyoke
Bank Stocks
5s
West End
4s
Wore. & Blackstone 414s
Wore. Consolidated 4^s
Worc.&Southbridge4J^s
Shs.
I
58 Atlantic XI. Bk., Boston
50 XI. Shawmut, Boston
50 U. S. Trust Co., Boston
—
P. D.
72
8,
Part
I.
CONCORD — MIDDLESEX INSTITUTION FOR SAVINGS
Incorporated
March
4, 1835.
Number
of corporators, 26
Henry F. Smith, Jr., Treasurer.
William Wheeler, President.
Herbert W. Hosmer, Assistant Treasurer.
Helen H. Moore, Clerk of the Corporation.
W. Walter MacEwen, Assistant Treasurer
Board
C E. Brown, t Stedman Buttrick,
of Trustees:
Thomas Todd,
F. A. Tower.t C.
J. J.
Dee, Prescott Keves, E. L. Parker,* B. L. Pratt,
H. Towle,* H. F. Tuttle,* William Wheeler,*t
first day of each month: dividends are payable January 1 and July
ness hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 12.15 p.m.
Deposits draw interest from
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $1,996
due thereon)
Loans on personal security
Bank
building
(est. vol.,
$15,000)
Other assets
Due from banks and trust com
Busi-
1924
Liabilities
$547,049
619,919
223,027
50,000
64,410
.
....
....
31,
1.
....
....
Deposits (6,877 accounts, average
$475.80)
Surplus:
a. Guaranty fund (4.91% of de
25
38
50
00
00
$3,268,639 84
160.500
44,160
71.473
2,367
posits)
b. Profit and loss
Interest, less current expenses
.
119,691 25
52,125 00
1,289,568
510,198
10,500
9
panies
Discount unearned
.
00
97
83
30
50
00
00
86
58,585 54
2,057 66
Cash and cash items
Total Assets
Total Liabilities
$3,547,141 94
.
$3,547,141 94
Total Expenses for the Year, including State Taxes
Tax (Net)
Salaries
Rent
paid for
$6,573.42
$6,834.30
$500.00
Cost per $1,000 of assets
1.85
1.93
.14
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $182,416.77.
State
Amount
.
.
Advertising
Other Expenses
$399.65
$2,426.12
.11
.6S
Rates on Investments and Loans (Average on
All,
5-24%)
averaging $2,924.19 (average rate, 6%); 6%, $1,289,569.
35 personal loans, averaging $14,577.08 (average rate, 4.71%); 4%, $50,000;
$58,000; 5%, $24,098; 5H%, $100,000; 5H%, $50,000; 6%, $3,100.
Bonds, stocks, etc. (average rate on amount invested, 4.S3%).
Number of loans not over $3,000 each, 331, amounting to $550,137.50.
64 real estate loans made during year, amounting to $194,100.
441 real
Total
$16,733.49
4.71
2.72
estate loans,
4H%.
$225,000;
4%%,
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Dec, 1923,
June, 1924,
Number
of deposits during year, 8,379,
Number
of
amounting
2H%
2M%
to (account?
$67/>'<2 93
opened 815)
withdrawals during year, 4,275, amounting to (accounts closed 634)
Net increase
in
Board
amount due depositors (accounts increased
of
Investment.
1S1)
.
.
.
70,230 55
6S1.904 23
.
.
$819,827 71
691,122 76
$12S,704 95
fAuditing Committee.
—
P. D.
8,
Part
73
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$240,000 U. S. Treas. Notes 4%s
280,000 United States 4Ms
10,000 Concord 3^3
10,000 Concord 4s
Par Value
$33,000 Boston Elevated 5s
30,000 Boston Elevated 5^s
20,000 Boston Elevated 63
Par Value
$10,000 Conn. & Pass Rivers 4s
25,000 Delaware & Hudson 4s
Public Funds, Notes
Concord 3>^s
Concord 3%a
Concord 4s
Concord 4Ms
$8,000
2,000
12,000
4,000
25,000
25,000
20,000
10,000
20,000
25,000
75,000
25,000
50,000
25,000
Fitchburg 4s
Fitchburg 5s
Illinois Central 3^3
Illinois Central 4s
Kal., Alle. & Gr. R. 5s
Louis. & Nash, 5s
Louis. & Nash. 5^3
Maine Central 4^3
Michigan Central 3^s
Minn., St. P. & S. Ste.
25,000
10,000
20,000
25,000
28,000
20,000
10,000
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Pacific 5s
Old Colony 43
M.
Railroad Bonds
$25,000 Baltimore & Ohio 5s
10,000 Bangor & Aroostook 4s
20,000 Bangor & Aroostook 5s
10,000 Boston & Albany 3^3
10,000 Boston & Maine 4s
25,000 Boston & Maine 4}^s
22,500 Boston & Maine 6s
Port.
20,000 West
22,000 West
15,000 West
10,000 West
Boston Terminal Co. Bonds
$50,000 Boston Terminal
3%s
Telephone Company Bonds
5s
& Rum.
End 4s
End 5s
End 6s
End 6^3
$62,000
8.-000
Am.
Am.
Tel.
Tel.
&
&
Tel. Co. 43
Tel. Co. 53
Gas, Electric and Water
Com-
pany Bonds
$120,000 N. E. Power Co. 53
Falls 4s
Bank Shares
25,000 C, B. & Q. 3^s
25,000 Chi. & Northwest. 4s
20,000 Chi. & Northwest. 5s
10,000 Cleveland & Pitts. 3J^s
Shs.
Street Railway Bonds
$25,000 Boston Elevated 4s
50,000 Boston Elevated 4^3
100 Concord Nl. Bk.
50 Nl. Shawmut Bk., Boston
100 First National Bk., Boston
CONWAY — CONWAY SAVINGS BANK
Incorporated
March
10, 1887.
Number
of corporators, 20
A. C. Guilford, Treasurer.
A. C. Boice, President.
F. A. Clark, Clerk of the Corporation
of Trustees: V. D. Bardwell, A. C. Boice, *f C. L. Boyden,* F. A. Clark, f A. P. Delabarre, A. C.
Guilford, C. L. Hassell.t A. G. Howes, J. H. Parker, A.J. Patterson,* H. D. Pease,* R. L. Roberta.
Board
Deposits draw interest from
of each month; dividends are payable
Business hours: 10 a.m. to 12 m.
day
first
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Securities acquired for debts
Loans on real estate
Loans on personal security
Due from banks and trust com.
panies
31,
May
and November
1
1.
1924
Liabilities
$50,000
53,428
29,890
4,500
8,645
00
75
00
00
42
Deposits (1,070 accounts, average,
$466.96)
Surplus:
a.
Guaranty fund (4-99%
b.
Profit
posits)
and
loss
19,812 50
2,500 00
$499,651 81
of de-
....
24,950 00
25,061 09
405 00
334,480 00
17,639 59
26,045 03
2,316 61
Cash and cash items
Total Assets
$549,662 90
Total Liabilities
$549,662 90
Total Expenses for the Year, including State Taxes
Tax (Net) Salaries
Rent
paid for
$590.53
$1,200.00
$200.00
Cost per $1,000 of assets
1 .07
2. 18
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $29,677 82.
State
Amount
.
.
.
Advertising
$45.40
Other Expenses
$467.22
.08
.
86
.
Rates on Investments and Loans (Average on
All,
5.68%)
141 real estate loans, averaging $2,372.20 (average rate, 6%); 6%, $334,480.
15 personal loans, averaging $1,175.97 (average rate, 6%); 6%, $17,640.
Bonds, stocks, etc. (average rate on amount invested, 5.01%).
Number of loans not over $3,000 each, 112, amounting to $141,714.59.
5 real estate loans made during year, amounting to $13,900.
*
Board
of Investment.
t Auditing
Committee.
Total
$2,503.15
4.55
3.12
—
74
P. D. 8, Part
I.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2\i%
234%
....
....
during year, 655, amounting to (accounts opened 62)
£10,709 11
10,653 22
49,597 09
.
$70,959 42
68,382 98
withdrawals during year, 532, amounting to (accounts closed 87)
Net increase
in
amount due
depositors (accounts decreased 25)
$2,576 44
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$20,000 United States 4 J^s
5,000 U.S. Certs, of Indebt. 4%s
5,000 Lima, Ohio, 4s
4,000 Minneapolis, Minn., 4s
1,000 Newton 4s
15,000 Conway 5s
$5,000
6,000
2,000
5,000
2,000
10,000
5,000
Telephone Company Bonds
Par Value
Railroad Bonds
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Maine 3Ms
Boston <fc Maine 4s
$1,000
5,000
5,000
5,000
10,000
Danbury & Norwalk
4s
Central 3^s
Central 4s
Mich. Cen. Air Line 4a
Par Value
Illinois
Illinois
N. Y., N. H. & H. 4s
1,000 St. J. & L. C. 5s
1,000 Wore, Nash. & Roch. 4s
$4,000 Am. Tel. & Tel. Co. 4s
5,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
$5,000 Old Colony Gas 5s
5,000 Wore. Gas Lt. Co. 5J^s
10,000 N. E. Power Co. 5s
Street Railway Bonds
Boston Elevated 4J^s
Boston Elevated 5s
Eastern Mass. 4J^s
Mystic Valley 6s
$5,000
10,000
15,000
6,000
B. &Q. 3Hs
B. & Q. 4s
Chi., R. I. & Pac. 4s
1,000 Conn. River 4s
C.
C,
Com-
pany Bonds
Bank Stocks
Shs.
10 Conway Nl. Bk.
10 City Nl. Bk., Holvoke
6 North Adams Nl. Bk.
Boston Terminal Co. Bonds
$5,000 Boston Terminal
3^8
DANVERS — DANVERS SAVINGS BANK
Incorporated March 20, 1850.
Number
of corporators, 54
Charles H. Preston, Treasurer.
Joshua Armitage, President.
Arthur W. Beckford, Clerk of
the Corporation
of Trustees: A. T. Armitage, Joshua Armitage,* A. W. Beckford, J. A. Beckford, H. H. Bradstreet,
L. S. Couch, f W. G. Fanning, A. P. Hutchinson, t J. A. Lord, G. H. Parker, C. N. Perley,* I. D.
Pope,* C. H. Preston, A. H. Putnam, L. J. Ross,* G. B. Sears, H. S. Tapley,*t I. M. Woodbury.
Board
Deposits draw interest from first day of each month: dividends are payable April 1 and October
Business hours: 8 a.m. to 2 p.m.; Saturdays, 8 a.m. to 12 m., and 6 to 7.30 p.m. for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Bank
building
mortgaged properties
Due from banks and
$921,293
464,576
145,472
75,000
77,638
paid
14,901 00
.
$4,390,919 79
36,789 00
Surplus:
Guaranty fund U.96%
a.
of de-
....
....
219,461 00
212,199 15
Profit and loss
Interest, etc., less current expenses
o.
and taxes
Discount unearned
2,881,356
129,910
67,197
3,152
00
00
99
24
36,628 72
351 38
on
199 04
com
59,515 17
9,509 95
panies
Cash and cash items
Total Assets
Deposits (9,367 accounts, average,
$468.76)
Christmas and other club deposits
posits)
45,825 00
.
trust
50
65
75
00
75
801 00
$85,000)
(est. sal.,
Furniture and fixtures
Taxes, insurance, etc.,
1924
Liabilities
.
....
Loans on real estate (less $9,790
due thereon)
Loans on personal security
31,
1.
$4,896,349 04
.
$4,896,349 04
Total Liabilities
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
paid for
$8,250.64 $233.33
$2,399.15
1 .69
.49
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
ncome received during the year, $254,516.05.
.
*
Board
of
Investment.
Advertising
$533.30
Other Expenses
$5,889.28
.10
1.20
Total
$17,305.70
3 53
2 99
.
.
t Auditing
Committee.
—
D.
P.
8,
Part
75
I.
Rates on Investments and Loans (Average on All, 5.45%)
585 real estate loans, averaging $4,925.39 (average rate, 5.94%); 5%, $48,000; 5M%. $260,466; 6%,
$2 572 890.
S3 personal loans, averaging $3,936.67 (average rate, 5.32%); 5%, $63,590; 5H%, $36,850; 5H%, $25,000;
6%,
$4,470.
Bonds, stocks, etc. (average rate on amount invested, 4.66%).
Number of loans not over $3,000 each, 402, amounting to $562,046.
128 real estate loans made during year, amounting to $617,550.
Dividends, Deposits and Withdrawals
234%
....
*
1924,
2
to (accounts opened 1,252)
$92,681 66
104,943 70
744,355 24
withdrawals during year, 7,475, amounting to (accounts closed 630)
$941,980 60
746,393 35
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 17,210,
Number
of
Net increase
in
amount due
2y %
.
.
.
.
amounting
$195,587 25
depositors (accounts increased 622)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$987,000 United States 4^8
3,000 Boston 4s
500 Danvers 4s
Telephone Company Bonds
Par Value
Railroad Bonds
$1,000 Baltimore & Ohio 3^s
25,000 Baltimore & Ohio 4s
25,000 Baltimore & Ohio 4J^s
25,000 Baltimore & Ohio 5s
10,000 Bangor & Aroostook 5s
70,000 Boston & Maine 4s
$85,000
35,000
25,000
45,000
15,000
52,000
Illinois
Central 4s
Par
far Value
value
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Pacific 43^s
Pennsylvania 4>£s
$85,000 Am. Tel. & Tel. Co. 4s
4,000 N. E. Tel. & Tel. Co. 5
58
Gas, Electric and Water
Com-
pany Bonds
$50,000 N. E. Power Co. 5s
Street Railway Bonds
$115,000 Boston Elevated 4s
25,000 Eastern Mass. 4^s
15,000 West End 4s
25,000 C, B. & Q. 4s
25,000 Chi., Ind. & South. 4s
40,000 Chi., Mil. & St. P. 4^s
25,000 Chi. & Northwest. 4s
10,000
West End, 4^9
Boston Terminal Co. Bonds
$85,000 Boston Terminal
3H»
Bank Stocks
Shs.
10 Beverly National Bk.
25 Beacon Tr. Co., Boston
10 Merchants Nl. Bk., Boston
8 Web. & At. Nl. Bk., Boston
75 Danvers Nl. Bk.
21 Warren Nl. Bk., Peabody
51 Asiatic Nl. Bk., Salem, in liq.
DEDHAM — DEDHAM INSTITUTION FOR SAVINGS
Incorporated
March
Number
19, 1831.
of corporators, 64
Rodney C. Larcom,
Clifton P. Baker, President.
Julius
Board
J.
H. Tuttle, Clerk
Treasurer.
of the Corporation
C. P. Baker,* R. W. Baker.f J. K. Burgess, S. H. Capen,* L. G. Dean, H. S. Edwards,
E. Fisher,* A. H. Hodgdon.f W. C. Hodgdon, R. C. Larcom, Richmond Mayo-Smith, R. W.
J. H. Tuttle, W. H. Wade, Winslow Warren,* H. E. Weatherbee.t W. C. Williams.
of Trustees:
Redman,*
Deposits draw interest from first business day of each month; dividends are payable May 10 and
ber 10. Business hours: 9 a.m. to 3 p.m.: Saturdays, 9 a.m. to 12 m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Securities acquired for debts
Loans on real estate (less $27,323
.
....
due thereon)
Loans on personal security
Bank building (est. val., $100,000)
Due from banks and trust companies
Total Assets
Board
1924
Liabilities
$1,129,971
1,450,716
340,042
46,312
73,813
31
00
50
50
75
Deposits (14,399 accounts, average,
S45846)
Christmas and other club deposits
.
$6,601,229 57
14,555 50
Surplus:
a.
Guaranty fund
(5%
of
de-
330,789
323,986
161,424
832
posits)
239,070 00
86,273 50
2,335 00
Profit
Interest
b.
and
loss
Discount unearned
.
....
25
33
24
26
3,451,220 00
443,307 42
56,255 89
101,589 49
11,909 79
Cash and cash items
*
31,
Novem-
$7,432,817 15
of
Investment.
Total Liabilities
t
$7,432,817 15
Auditing Committee.
76
P.
D.
8,
Part
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Other Expenses
Advertising
paid for
.$11,749.42
$17,367.24
$3,500.00
Cost per $1,000 of assets
1.58
2.34
.47
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $378,805.99.
.
$625.92
$5,035.45
.08
.68
Rates on Investments and Loans (Average on
All,
Total
$38,278.03
5.15
3.10
5.29%)
1,062 real estate loans, averaging $3,249.74 (average rate, 6%); 6%, $3,451,220.
89 personal loans, averaging $11,366.85 (average rate, 4.89%); 4%, $25,000;
$50,000; 5%, $189,307; 5M%. $100,000; 5K%, $25,000; 6%, $4,000.
Bonds, stocks, etc. (average rate on amount invested, 4.63%).
Number of loans not over $3,000 each, 680, amounting to $1,250,214.33.
262 real estate loans made during year, amounting to $1,075,990.
4&%.
$50,000;
4^%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: Nov., 1923,
May,
2\i%
$133,785 01
2^%
138,329 85
1,386,335 85
withdrawals during year, 9,671, amounting to (accounts closed 891)
$1,658,450 71
1,294,693 49
of deposits
Number
of
Net
1924,
during year, 18,541, amounting to (accounts opened 1,177)
Number
increase in
amount due
depositors (accounts increased 286)
$363,757 22
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$30,000
50,000
127,200
849,200
25,000
50,000
25,000
U. S. Treas. Bonds
U. S. Treas. Notes
U. S. Treas. Notes
United States 4Ms
4^9
4^s
4%s
Michigan 5%s
Washington 6s
Omaha, Neb., 5J^s
$6,200 Norfolk Co. 6s
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4^s
Boston & Albany 3^s
Boston & Albany 4s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 4J/£s
Boston & Maine 6s
Boston, R.B.& Lynn 4Hs
C, B. & Q. 4s
Chi., Mil.
Chi., Mil.
Chi., Mil.
Delaware
Central 3^s
Central 5s
Lake Shore & Mich. S. 4s
$85,000
30,000
25,000
61,000
110,000
25,000
& Puget So. 4s
& St. P. 4s
& St. P. 4^s
& Hud. Co. 4s
Fitchburg 4s
Fitchburg 4^3
50,000
50,000
20,000
160,000
50,000
30,000
25,000
25,000
15,000
$20,000 West
25,000 West
Illinois
Illinois
&
Louis.
Minn., St. P.
&
S.
Telephone Company Bonds
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^3
N. Y., N. H. & H. 4s
No. Pacific 6s
Norwich & Worcester 4s
Old Colony 3 As
Old Colony 4s
$64,000 Am. Tel. & Tel. Co. 4s
15,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
$25,000 Newb'y'pt Gas & El. Co.
5s
88,000 N. E. Power Co. 5s
100,000 Turners FallsP.&E. Co.
& Conway
4^s
29,090 St. P., Minn. & Man. 4s
50,000 Southern Pacific 4s
25,000 Washington Co. 3^s
28,000 Wore, Nash. & Roch. 4s
EAST BRIDGEWATER
Incorporated
5s
25,000 Wore. Gas Lt. Co. 5^3
5,000 Wore. Gas Lt. Co. 6s
Bank Stocks
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4j^s
Boston Elevated 5s
Eastern Mass. 4^s
Holyoke
— EAST
March
Shs.
25
75
27
52
100
25
28
5s
Lvnn & Boston
West End 4^s
Com-
pany Bonds
l
$100,000
67,000
15,000
80,000
25,000
13,000
25,000
5s
6s
$50,000 Boston Terminal 3J^s
Ste.
4s
Ports., Gt. F.
End
End
Boston Terminal Co. Bonds
Nash. 5s
Maine Central 4^s
M.
Public Funds, Notes
$75,000
50,000
50,000
25,000
20,000
80,000
45,000
20,500
25,000
30,000
25,000
50,000
52,000
40,000
65,000
15,000
Par Value
Par Value
6s
American Tr. Co., Boston
First Nl. Bk., Boston
Merchants Nl. Bk., Bo3ton
Nl. Union Bk., Boston
Old Colony Tr. Co., Boston
Second Nl. Bk., Boston
Web. & At. N. Bk., Boston
BRIDGEWATER SAVINGS BANK
8, 1870.
Number
of corporators,
Clarence A. Chandler, President.
Charles L. Nutter, Clerk of the Corporation
42
Charles F.
Mann,
Treasurer.
Board of Trustees: G. A. Burrell, C. A. Chandler.t D. C. French, F. E. Fuller.t F. O. Keith, S. A. Keith,
A. L. Leland, C. F. Mann,* E. T. Morse,* C. L. Nutter, R. W. Nutter, A. R. Parker, G. A. Root.
W. S. Shaw.f E. N. Ward,* C. W. Waterman,* G. M. Webber, E. S. Whitmarsh.*
Deposits draw interest from first business day of each month; dividends are payable January 5 and July 5.
Business hours: 9 a.m. to 12 m.; 1 to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Wednesdays, 6.30 to
8 p.m.
*
Board
of
Investment.
f
Auditing Committee.
—
s
P.
D.
Part
8,
77
I.
STATEMENT OF CONDITION,
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$245,136
679,776
73,691
55,424
Telephone company bonds
Gas, electric and water company
bonds
trust company stocks
Securities acquired for debts
Loans on real estate
.
Loans on personal security
Bank
building (est. vol., $10,000)
Taxes, insurance, etc., paid on
mortgaged properties
.
trust
Total Assets
posits)
$4,396,904 33
22,989 25
....
87
04
10
38
485 21
206,867
134,920
88,833
8,898
b. Profit and loss
Interest, less current expenses
.
Discount unearned
Other liabilities
.
892 42
com79,018 01
9,087 71
panies
Cash and cash items
1924
.
20 00
2,851,790 82
754,100 00
10,000 00
.
Due from banks and
31,
Liabilities
Deposits (5,307 accounts, average,
$828.51)
Christmas and other club deposits
Surplus:
a. Guaranty fund (4.68% of de-
22
25
50
25
30,661 00
70,300 00
Bank and
October
....
Total Liabilities
$4,859,898 18
$4,859,898 18
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
$10,028.92
$500.00
$5,997.69
paid for
1.23
2.06
.10
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $264,642.69.
.
$240.60
.
.05
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$3,430.11
$20,197.32
.71
4.15
2.82
5.67%)
averaging $5,953.63 (average rate, 6.06%); 5J^%, $24,375; 5%%, $181,000; 6%,
$2,257,953; 6J£%. $7,000; 6H%, $332,263; 7%, $49,200.
79 personal loans, averaging $9,545.57 (average rate, 4.85%); 4%, $50,000; 4M%, $40,000; 4j^%, $175,000;
*H%. $90,000; 5%, $205,000; oM%, $100,200: 5^%, $78,200, 6%, $15,700.
Bonds, stocks, etc. (average rate on amount invested, 5.26%).
Number of loans not over $3,000 each, 270, amounting to $332,895.
97 real estate loans made during year, amounting to $610,650.
479
real estate loans,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
of deposits
Number
of withdrawals during year, 3,577,
Net increase
in
2^%
%
$96,373.07
102,540 19
710,937 97
•
July, 1924, 2]/2
during year, 5,391, amounting to (accounts opened 501)
Number
amount due
amounting
$909,851 23
471,964 19
to (accounts closed 306)
depositors (accounts increased 195)
$437,887 04
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$15,000 U. S. Certs, of Indebt.
4Ms
10,000 U. S. Treas. Bonds 4^a
224,450 United States 4Ms
2,000 East Bridgewater 5%s
$25,000
20,000
10,000
25,000
7,000
20,000
20,000
25,000
25,000
30,000
10,000
25,000
25,000
25,000
10,000
40,000
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 3J^s
Baltimore & Ohio 4J^s
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany 5s
Boston & Maine 43^
C,
C,
B.
B.
&
&
Q. 3Hs
Q. 4s
Chi., Mil.
Chi., Mil.
Chi., Mil.
& Puget
& St. P.
& St. P.
So. 4s
4s
5s
& Northwestern 4s
& Northwestern 5s
Chi., St. P., Minn. &
Chi.
Chi.
Omaha 6s
& Hudson
10,000 Delaware
4s
Par Value
Par Value
$5,000
6,000
25,000
10,000
10,000
15,000
62,000
25,000
Fitchburg 4s
Fitchburg 4^s
Fitchburg 5s
Illinois Central 3J^s
Lake Shore & Mich. So.4s
Louis. & Nash. 4J^s
Louis. & Nash. 5s
Minn., St. Ste. Marie &
13,000
35,000
35,000
45,000
3,000
25,000
10,000
25,000
35,000
10,000
Mobile & Ohio 6s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. PaciBc 6s
Old Colony 4s
Old Colony 5^s
Pennsylvania 5s
St. L., Peoria & Northw.
Atlantic 4s
5s
15.000 St. P., Minn.
Street Railway
& Man.
4J4s
Bonds
$5,000 Boston Elevated 4s
50,000 Boston Elevated 4^s
$10,000
10,000
5,000
5,000
Eastern Mass. 43^s
Mystic Valley 6s
West End 4s
West End 6Ms
Telephone Company Bonds
$50,000 Am. Tel. & Tel. Co. 4s
10,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$30,000 N. E. Power Co. 5s
5,000 Wore. Gas Lt. Co. 6s
Bank Stocks
Shs.
175 Atlantic Nat'l, Boston
90 First Nl. Bk., Boston
31 Merchants Nl. Bk., Boston
30 Old Colony Tr. Co., Boston
60 State St. Tr., Co., Boston
30 Web. & At. Nl. Bk., Boston
150 Brockton Nl. Bk.
62 Home Nl. Bk., Brockton
—
78
P. D.
EASTHAMPTON — EASTHAMPTON SAVINGS BANK
Incorporated February
10, 1869.
Number
of corporators,
George B. Noble, President.
8,
Part
I.
37
Charles H. Johnson, Treasurer.
Frederick E. Judd, Clerk of the Corporation
Astill, P. W. Bidwell, J. P. Brown, C. A. Buffum, J. J. Burke, G. A. Cook *
Coyle,* W. M. Gaylord, F. E. Judd, F. E. Lyman, H. B. Lvman, J. N. Lyman,* H. L. MansA. D. Montague, G. B. Noble,* H. L. Parsons, W. L. Pitchef.f C. A. Richmond, H. W. Rust.t
E. L. Shaw, H. O. Strong.t H. M. Taylor.*
Board of Trustees: William
\V. F.
field,
Deposits draw interest from fourth Tuesday of each month; dividends are payable the fourth Tuesday
of January and July.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; 7 to 8 p.m. to
receive
and pay deposits.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $3,200
due thereon)
Loans on personal security
....
Bank building (est. vol., $75,000)
Due from banks and trust com
1924
31,
Liabilities
$251,355
581,317
45,981
76,056
....
Deposits (7,501 accounts, average
$51945)
Christmas and other club deposits
60
00
25
50
$3,896,408 93
46,317 00
Surplus:
a.
65,000 00
174,895 00
Guaranty fund U.55%
of de
posits)
Profit and loss
Interest, rents, etc.,
b.
179,500 00
122,273 31
.
....
expenses
Discount unearned
2,635,778 25
309,441 64
60,000 00
less
current
18,751 41
2,812 82
.
.
48,918 40
17,319.83
panies
Cash and cash items
Total Assets
Total Liabilities
$4,266,063 47
$4,266,063 47
Total Expenses for the Year, including State Taxes
Tax (Net)
Salaries
Rent
paid for
$13,022.28
$5,215.96
Cost per $1,000 of assets
.1.22
3.05
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $234,228.
State
Amount
Advertising
Other Expenses
$1,017.61
.24
$2,722.73
.
Rates on Investments and Loans (Average on
7U
real estate loans,
averaging $3,542.71 (average rate 5.73%);
5^%.
All,
.64
Total
$21,978.58
5.15
3.93
5.58%)
5%%,
$1,365,348;
$89,500;
6%,
$1,180,930.
184 personal loans, averaging $1,681.74 (average rate, 6.02%); 5%, $6,925; 5}4%, $55,000; 5]A%, $55,000;
$30,845; 6^%. $44,780; 6^%, $89,493; 7%, $27,399.
(average rate on amount invested, 5.13%).
amounting to $859,551.94.
91 real estate loans made during year, amounting to $338,769.
6%,
Bonds,
stocks, etc.
Number
of loans not over $3,000 each, 671,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
of deposits during year, 14,117,
Number
of withdrawals during year, 8,473,
Net
increase in
*
Board
amount due
of
2\i%
July, 1924, 2}4%
to (accounts opened 778)
Number
amounting
amounting
.
to (accounts closed, 838)
.
.
$83,329 42
86,163 04
942,811 82
.
.
$1,112,304 28
1,026,745 45
depositors (accounts decreased 60)
Investment.
$85,558 83
t
Auditing Committee.
—
P. D.
Part
8,
79
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$190,350 United States 4J4s
Adams
4,500
10,000
5,000
1,000
4,000
4,000
1,000
5,000
8,000
1,000
3,000
2,000
2,000
8,000
1,000
$5,000 Chi., Mil. & St. P. 5s
10,000 Chi. & Northwestern 6s
5,000 Cleve., Lorain & Wheel.
5J^s
Par Value
$46,000 Am. Tel. & Tel. Co. 5a
34,000 N. E. Tel. & Tel. Co. 53
5s
Akron 5s
Andover 4s
3,000
10,000
10,000
10,000
35,000
13,000
1,000
20,000
10,000
37,000
8,000
20,000
15,000
26,000
10,000
7,000
35,000
20,000
5,000
20,000
10,000
20,000
10,000
10,000
10,000
10,000
Boston 4s
Brockton 4s
Brockton 4>^s
Davton, O., 5s
Hyde Park 4s
Lawrence 4s
Los Angeles, Cal., 4s
Los Angeles, Cal., 4Ms
Northbridge 534s
Revere 4s
Salem 4s
Seattle, Wash., 4J^s
Public Funds, Notes
$4,000 Stoneham 4s
Railroad Bonds
Aroostook Northern 5s
Atch., Top. & S. F£ 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4j^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
1,000 Boston & Albany 3J^s
7,000 Boston & Albany 4s
16,000 Boston & Albany 5s
1,000 Boston & Lowell 4s
10,000 Boston & Maine 4s
10,000 Boston & Maine 4J^s
$5,000
10,000
10,000
17,000
15,000
28,000
5,000
2,000
30,000
25,000
25,000
Telephone Company Bonds
Par Value
Conn. River 4s
Fitchburg 4s
Fitchburg 5s
Illinois Central 4s
Louis. & Nash. 5s
Louis. & Nash. 6s
Me. Cent., E. & N. A. 4s
Maine Central 43^s
Mobile & Ohio 6s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. &H.3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 4>£s
No. Pacific 5s
No. Pacific 6s
Old Colony 5^s
Pennsylvania 4s
Pennsylvania 4^3
Phila., Bait.
& Wash.
Union
Countv
6s
B. & Q. 4s
Chi., Ind. & South. 4s
Chi., Mil. & Puget So. 4s
Chi., Mil. & St. P. 4s
Chi., Mil. & St. P. 4}4s
C,
5,000 West End 4s
5,000 West End 4^3
5,000 West End 5s
5,000 Wore. Consolidated 43^s
&
& E.
Lt. Co. 6s
10,000 Eastern Mass. El. Co. 63
10,000 Lawrence Gas Co. 7s
4,000 N. B. Gas & Ed. Lt. Co.
H. P. G.
6s
5,000 Old Colonv Gas 5s
25,000 Turners Falls P. & E.
Co. 53
10,000 Wore. Ga3 Lt. Co. 53^3
Bank Stocks
Shs.
66 First Nl. Bk., Adams
70 First Nl. Bk., Boston
25 American Trust Co., Boston
10 Merchants Nl. Bk., Boston
70 Nl. Shawmut Bk., Boston
75 Old Colonv Tr. Co., Boston
100 First Nl. Bk., Easthampton
33 Metacomet Nl. Bk., Fall
River
50 North Adams Nl. Bk.
20 Hamp. Co. Tr. Co., North-
Pacific 4s
Street Railway Bonds
$5,000 Boston Elevated 4s
10,000 Boston Elevated 5s
10,000 Boston Elevated 6s
2,000 Marlboro & Westb. 7s
Com-
pany Bonds
$1,000 Ded-.
5s
Portland & Ogdens. 4^s
Portland Terminal 4s
Portland Terminal 5s
Sullivan
Gas, Electric and Water
ampton
60
132
125
200
25
13
50
Bk.
Pittsfield Nl.
Chapin Nl. Bk., Springfield
Chicopee Nl. Bk., Springfield
Springfield Nl. Bk.
Third Nl. Bk., Springfield
Ware Trust Co.
First Nl. Bk., Westfield
EASTON — NORTH EASTON SAVINGS BANK
Incorporated February
John
S.
8,
1804.
Number
of corporators,
25
John M. Williams, Treasurer.
Ames, President.
Lorenzo B. Crockett, Clerk 0/
of Trustees: Hobart Ames, J. S. Ames,*
Crockett, S. S. Earlv, J. R. Field,t W. K.
Board
Randall, G. E. Shepard,* J.
M.
the Corporation
G. C. Barrows,*! D. F. Buckley.f
Goward,* F. D. King, J. B. King,
J. F.
M.
Burke,* L. B.
P. Lewis,
Elmer
Williams.
Deposits draw interest from fifteenth day of each month; dividends are payable April 15 and October 15.
Business hours: 9 a.m. to 12 m.; 1.30 to 3 p.m.; Saturdays, 9 a.m. to 12 m. and 6 to 8 p.m. for deposits
only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Securities acquired for debts
Loans on real estate
.
Loans on personal security
Bank building (est. vol., $35,000)
Due from banks and trust com
Total Assets
Board
1924
Liabilities
$504,073
944,996
213,893
22,400
52,488
88
31
00
00
61
61,250
56,846
62,493
697,535
367,869
20,000
00
00
50
Deposits (4,266 accounts, average,
$667.31)
$2,846,750 03
Surplus:
a.
Guaranty fund (4-94% of
posits)
de-
....
6. Profit and loss
Interest, less current expenses
140,750 23
80,491 54
and
taxes
1,454 58
19
33
00
62,630 49
2,970 12
panies
Cash and cash items
*
31,
$3,069,446 43
of Investment.
Total Liabilities
t Auditing
$3,069,446 43
Committee.
80
P.
D.
8,
Part
I.
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Rent
Salaries
Other Expenses
$1,447.73
Advertising
Amount paid for
$8,227.26
$4,100.00
$575.00
Cost per $1,000 of assets
2.68
1.34
.18
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $148,718.15.
$114.91
.
.04
Total
$14,464 90
4.71
1.85
.47
Rates on Investments and Loans (Average on AH, 4.90%)
£90
averaging $2,405.29 (average rate, 5.80%); 5%, $16,100; 5)4%, $235,292; 5^%,
$16,500; 6%, $426,643; 6M%, $3,000.
16 personal loans, averaging $22,991.83 (average rate, 4.94%); 4^%, $130,000; 4%%, $50,000; 5%,
$25,650; 5M%, $54,500; 5^%, $83,489; 6%, $20,000.
Bonds, stocks, etc. (average rate on amount invested, 4.57%).
Number of loans not over $3,000 each, 221, amounting to $321,639.23.
33 real estate loans made during year, amounting to $102,590.
real estate loans,
Dividends, Deposits and Withdrawals
A%
Ordinary dividends declared during year: April, 1924, 2 l
Oct.,
Number
of deposits during year, 3,333,
Number
of
1924,
$60,973 11
61,548 80
334,097 79
2M%
amounting to (accounts opened, 259)
$456,619 70
370,116 42
withdrawals during year, 2,881, amounting to (accounts closed, 274)
Net increase
in
amount due
depositors (accounts decreased 15)
$86,503 28
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$515,000 United States 4Ms
Par Value
$20,000 Maine Central 4j^s
30,000 Minn., St. P. & S. Ste.
M.
Railroad Bonds
$60,000 Atch., Top. & S. Fe 4s
34,000 Baltimore & Ohio 4s
10,000 Baltimore & Ohio AV2 s
25,000 Baltimore & Ohio 5s
25,000 Beech Creek 4s
5,000 Boston & Albany 3^s
35,000 Boston & Albany 4s
35,000 Boston & Maine 43^s
9,000 Boston & Maine 6s
8,000 Boston & Maine 7s
35,000
10,000
5,000
15,000
25,000
25,000
20,000
10,000
35,000
15,000
40,000
30,000
B. & Q. 3Hs
B. & Q. 4s
B. & Q. 5s
Chi., Mil. & St. P. 4^s
Chi. & Northwestern 4s
Delaware & Hudson 4s
Fitchburg 4s
C,
C,
C,
Fitchburg 4^s
Illinois Central 3s
Illinois Central 3^s
Illinois Central 4s
Lake Shore & Mich. So.
4s
25,000 Louis.
25,000 Louis.
&
&
4s
15,000 Minn., St. P. & S. Ste.
M. 5s
35,000 N. Y. C. & H. R. 4s
65,000 N. Y. C. & H. R. 5s
20,000 N. Y., N. H. & H. 3J^s
35,000 N. Y., N. H. & H. 4s
10,000 No. Maine Seaport 5s
20,000 No. Pacific 4^s
5,000 No. Pacific 5s
26,000 No. Pacific 6s
15,000 Old Colony 4s
25,000 Pennsylvania 4J^s
15,000 Pennsylvania 5s
20,000 Phila., Bait. & Wash. 5s
11,000 Providence Terminal 4s
10,000 So. Pacific 4s
Louis,
Peoria &
15,000 St.
Northwestern 5s
20,000 St. P., Minn. & Man. 4s
20,000 Union Pac. 4s
21,000 Union Pac. 5s
10,000 West
35,000 West
End
End
4s
5s
Boston Terminal Co. Bonds
$25,000 Boston Terminal 33^9
Telephone Company Bonds
$50,000
5,000
1,000
Am.
Am.
N.E.
Tel.
Tel.
Tel.
&
&
&
Tel. Co. 4s
Tel. Co. 5s
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$2,000 N. B. Gas & Ed. Lt. Co.
6s
50,000 N. E. Power Co. 5s
10,000 Lawrence Gas Co. 7s
Bank Stocks
Shs.
Street Railway
Bonds
$75,000 Boston Elevated 4^s
20,000 Boston Elevated 5s
Nash. 4s
Nash. 53^9
Par Value
$113,000 Eastern Mass. 4J^s
45 American Trust Co., Boston
100 First Nl. Bk., Boston
75 Nl. Shawmut Bk., Boston
38 Bristol Co. Nl. Bk., Taunton,
in liq.
EVERETT — EVERETT SAVINGS BANK
Incorporated
March
Dudley P. Bailey, President.
Henry K. Veazie, Clerk of the Corporation.
1,
1889.
Number
of corporators,
39
Edgar A. Cate, Treasurer.
Sara E. Dresser, Assistant Treasurer.
B. Brown, J. J. Cannell,* W. H. Cannell, E. A. Carter.t E. A. Cate,*
Columbus Corey, S. E. Dresser, F. E. Dyer.t William Ferguson, F. R. Henderson, F. M. Holmes,
W. P. Lombard, R. T. Mooney, E. W. Myers,* J. W. Philbrick, T. A. Smith,* H. K. Veazie, G. E.
Whittier.t F. B. Woods.*
Board
of Trustees:
D. P. Bailey,
J.
Deposits draw interest from the fifteenth day of each month; dividends are payable April 15 and October
15.
Business hours: 9 a.m. to 2 p.m.; also Saturdays, 7.30 to 8.30 p.m., for deposits only.
Board
of
Investment.
t Auditing
Committee.
—
P. D.
8,
Part
81
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
stocks
Securities acquired for debts
Loans on real estate (less $8,400
due thereon)
Loans on personal security
Bank building (est. val., $20,000)
.
posits)
Profit
Interest
b.
and
of de
82,650 00
64,185 78
.
loss
5,261 11
2,760 40
Discount unearned
Other liabilities
2,019,200 00
319,250 00
13,000 00
Due from banks and trust com
pames
Cash and cash items
Total Assets
Guaranty fund (2.72%
o.
company
$2,976,716 24
56,901 00
.
Surplus:
18,125 00
15,475 00
2 00
bonds
trust
Deposits (12,480 accounts, average, $238.51)
Christmas and other club deposits
22
50
75
00
$351,720
220,096
103,239
54,000
Telephone company bonds
Gas, electric and water company
Bank and
1924
500 00
67,565 87
7,300 19
Total Liabilities
$3,188,974 53
$3,188,974 53
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
.
Other Expenses
$3,687.19
1.15
Advertising
$13,412.50 $300.00
paid for
$3,031.48
4.21
.95
.09
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $164,634.33.
.
$1,328.81
.42
Total
$21,759.98
6.82
5.78
.
Rates on Investments and Loans (Average on
641 real
All,
5.47%)
6%,
averaging $3,732.34 (average rate, 5.94%); 5J^%, $293,500;
estate loa?is,
$1,690,700;
6M%,
$35,000.
$45,000; 4%, $40,000; 4M%. $15,000;
$45,000; 5^%, $10,000; 5%%, 18,000; 6%,
46 personal loans, averaging $6,940.21 (average rate, 4.65%);
3%,
43^%, $90,000; 4%%, $8,000; 5%, $10,000; 5M%,
$24,250; 6M%, 14,000.
Bonds, stocks, etc. (average rate on amount invested, 4.58%).
Number of loans not over $3,000 each, 421, amounting to $742,200.
80 real estate loans made during year, amounting to $498,200.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
1924,
Oct.,
Number
of deposits
Number
of
2*4%
$60,550 71
62,572 42
1,080,935 15
2M%
during year, 36,658, amounting to (accounts opened 2,212)
$1,204,058 28
989,947 63
withdrawals during year, 12,511, amounting to (accounts closed 1,687)
Net increase
in
amount due
depositors (accounts increased 525)
$214,110 65
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$10,000 U. S. Treas. Notes 4}£s
50,000 U. S. Treas. Notes 4^s
250,200 United States 4J4s
5,000 Everett 4s
30,000 Lawrence 4s
Public Funds, Notes
$6,000 Everett 4s
4,000 Everett 4^s
$10,000
15,000
10,000
20,000
10,000
10,000
10,000
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 4^9
Par Value
$10,000
20,000
15,000
2,000
10,000
22,000
2,000
10,000
4,000
20,000
10,000
10,000
7,000
10,000
C,
B.
&
Q. 4s
& St. P. 43^9
Northwestern 4s
Northwestern 5s
Central 3J^s
Chi., Mil.
Chi.
Chi.
&
&
Illinois
Illinois
Central 4s
Indiana, 111. & Iowa 4s
Maine Central 4J^s
Michigan Central 4s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3Ks
Old Colony 4s
Pennsylvania 5s
Telephone Company Bonds
$54,000
Am.
Tel.
Tel. Co. 5s
Com-
pany Bonds
$10,000 N. B. Gas
&
Ed. Lt. Co.
7s
Bonds
$10,000 Boston Elevated 4s
30,000 Boston Elevated 4^s
55,000 Boston Elevated 5s
&
Gas, Electric and Water
10,000 N. E.
So. Pacific 4s
Street Railway
$11,400 Eastern Mass. 6s
1,000 Wore. & Blackstone Val.
4J^e
Power Co.
Bank Stocks
She.
50 Everett Nl. Bk.
105 Everett Trust Co.
5s
—
82
P. D. 8, Part
FAIRHAVEN — FAIRHAVEN INSTITUTION FOR SAVINGS
Incorporated February
Thomas
10, 1832.
Number
of corporators, 44
A. Tripp, President.
Charles H. Morton, Treasurer.
Elisha S. Whiting,
Clerk of the Corporation
Jr.,
of Trustees: J. H. Allen, f L. E. Bentlev.* E. L. Besse, H. H. Browne, S. S. Bumpus, D. W.
L. LeB. Dexter, W. B. Gardner,! D. N. Kelley,* C. E. Lumbard, G. B. Luther,*f C. H.
L. W. Morton, Peter Murray, H. K. Nye, B. F. Stowell, T. A. Tripp,* E. S. Whiting, Jr.
Board
Deposits draw interest from last Monday of each month; dividends are payable the
and October. Business hours: 9 a.m. to 1 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
bonds
and
notes
Railroad
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $500 due
....
thereon)
Loans on personal security
Bank building (est. val., $13,612.90)
Due from banks and
trust
I.
last
Monday
-
Deane,*
Morton,
of April
1924
31,
Liabilities
$385,908
173,600
25,570
37,131
Deposits (2,858 accounts, average,
$781.02)
Surplus:
72
00
00
25
a.
Guaranty fund (5.07%
$2,089,261 81
of de-
....
....
posits)
106,000
103,145
1,330
301
b. Profit and loss
Interest, less current expenses
54,837 50
01,578 00
Discount unearned
1,341,812 93
128,360 00
13,612 90
00
57
61
38
com
77,381 54
246 53
panies
Cash
,
I
I
Total Assets
$2,300,039 37
Total Liabilities
$2,300,039 37
Total Expenses for the Year, including State Taxes
Advertising
Rent
Salaries
State Tax (Net)
$500.00
$169.64
$6,099.00
$1,978.63
paid for
.22
.07
2.65
.86
Cost per $1,000 of assets
and
rent
Cost per $1,000 of assets not including State tax
Gross income received during the year, $126,613.13.
Amount
.
.
Rates on Investments and Loans (Average on
Other Expenses
$2,134.93
All,
Total
$10,882.20
4.73
3.65
.93
5.54%)
560 real estate loans, averaging $2,396.09 (average rate, 6.07%); 5^%, $34,400; 6%, $1,070,656; 6H%.
$236,757.
11 personal loans, averaging $11,669.09 (average rate, 4.91%); 4^%, $30,000; 4.80%, $15,000; 5%,
$61,400; 5J4%, $20,000; 6%, $1,960.
Bonds, stocks, etc. (average rate on amount invested, 4.67%).
Number of loans not over $3,000 each, 460, amounting to $684,054.07.
48 real estate loans made during year, amounting to $168,440.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 3,189,
Number
of
2M%
....
....
withdrawals during year, 1,981, amounting to (accounts closed 244)
Net increase
*
in
Board
amount due
$45,286 03
45.712 31
337,882 17
1924. 214%
to (accounts opened 315)
amounting
$42S,880 51
385.922 64
$42,957 87
depositors (accounts increased 71)
of Investment.
t Auditing
Committee.
—
P.
D.
8,
Part
83
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$100 United States 3^s
315,550 United States 4^s
17,300 U. S. Treas. Notes 4^s
10,000 Akron, Ohio, 5s
15,000 Boston 4s
10,000
10,000
6,000
5,600
1,000
5,000
Chatham
15,000
5,000
10,000
10,000
20,000
5,000
10,000
15,000
5,000
5,000
10,000
5,000
5,000
4s
Fall River 4s
Peabody 4s
Plainville 4s
Westborough 4s
Mansfield 4s
Public Funds, Notes
$1,000
1,000
#10,000
10,000
5,000
10,000
Telephone Company Bonds
Par Value
Boston
Boston
Boston
Boston
1,500 Boston
$16,000
10,000
5,000
10,000
Avon 4.30%
Huntington 4s
Railroad Bonds
Baltimore & Ohio 4J^s
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Boston & Albany 4s
& Albanv 5s
& Maine 3s
& Maine 3^3
& Maine 4s
& Maine 6s
C, B. & Q. 4s
Chi., Mil. & St. P. 5s
Par Value
$30,000 Am. Tel. & Tel. Co. 4s
5,000 Am. Tel. & Tel. Co. 5s
5,000 X. E. Tel. & Tel. Co. 53
Gas, Electric and Water
Fitchburg 4s
Fitchburg 4^s
Illinois Central 3^3
N. Y. C. & H. R. 3^3
X. Y., X. H. & H. 3^3
X. Y.. X. H. & H. 4s
Xo. Maine Seaport 5s
Peoria & Xorthwest. 3^3
Portland Terminal 4s
Montana Central 5s
Washington Co. 3^a
Street Railway
Com-
pany Bonds
$15,000 Chas. Gas
30,000 X. B. Gas
&
&
Elec. Co. 5s
Ed. Lt. Co.
5s
10,000 X. E.
Power Co.
5s
Bank Stocks
Shs.
50 Eliot XI. Bk., Boston, in liq.
100 First XL Bk., Boston
211 XI. Bk. of Fairhaven
60 First XI. Bk.. New Bedford
13 Mer. XL Bk.. New Bedford
Bonds
$10,000 Boston Elevated 4s
10,000 Boston Elevated 4^s
6,000 Boston Elevated 5a
FALL RIVER — CITIZENS SAVINGS BANK
Incorporated October, 1851.
Number
of corporators, 60
John T.
Henry H. Earl, President.
Joseph D. Milne, Clerk of the Corporation.
Swift, Treasurer.
Robert C. Crapo, Assistant Treasur
Board of Trustees: Henrv Ashworth, A. L. Audet. J. C. Bradv.t Leeds Burchard, W. B. M. Chace, B. B.
Earl, H. H. Earl,* W. E. Fawcett,* H. F. Griiinell.t E.'F. Hanify, D. H. Hathawav. S. W. Hathaway,* J. H. Holt, P. J. Hurlev,* J. C. Mackenzie, C. E. Mills, J. D. Milne, J. E. Osborne. J. M.
Swift,* J. T. Swift, W. F. Thofnas.t
Deposits draw interest from first day of each month; dividends are payable the second Monday of Jim-*
and December. Business hours: 8.30 a.m. to 3 p.m.; also Saturdays, 6 to 8 p.m., for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans
on
real
estate
(less
$116,947.28 due thereon)
Loans on personal securitv
.
.
.
.
.
.
.
.
Bank building (est. vol., $300,000)
Due from banks and trust com.
panies
Cash and cash items
.
.
.
Total Assets
*
Board
1924
Liabilities
$2,087,920
2,229,121
165,535
212,954
94
25
00
75
7,599,409 72
1,160,353 00
199,829 48
....
....
Deposits (15,809 accounts, average
$817.62)
Christmas and other club deposits
Surplus:
a.
139,650 00
303,505 50
.
$12,925,809 87
7,836 75
Guaranty fund (4-74% of de
posits)
612.507
587,853
310,953
119,160
41S
Profit and loss
Interest, less current expenses
b.
.
Discount unearned
Other liabilities
.
64
57
86
74
55
432,432 02
33,829 32
$14,564,540 98
of Investment.
31,
Total Liabilities
t
.
$14,564,540 93
Auditing Committee.
84
P.
D.
8,
Part
I
Total Expenses for the Year, including State Taxes
State
Amount paid
Tax (Net)
Rent
Salaries
for
$15,589.71
$32,008.76 $10,000.00
1.07
2.20
.68
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $786,487.63.
.
Advertising Other Expenses
$1,394.94'
$11,312.11
.10
Rates on Investments and Loans (Average on
.77
All,
Total
$70,305.52
4.82
3.07
5.59%)
A%
1,190 real estate loans, averaging $6,386.05 (average rate, 5.87%); 5%, $428,000; 534%, $5,500; 5 l
$1,069,500; 6%, $6,096,410.
£16 personal loans, averaging $5,372 (average rate, 5.28%); 5%, $297,450; 5M%. $431,200; 5V£%,
$425,313; 6%, $6,390.
Bonds, stocks, etc. (average rate on amount invested, 5.23%).
Number of loans not over $3,000 each, 555, amounting to $913,718.
680 real estate loans made during year, amounting to $1,572,510.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Dec, 1923,
June, 1924,
Number
of deposits during year, 30,764,
Number
of
amounting
2J^%
$283,930 03
299,462 37
3,105,556 00
2V2 %
to (accounts opened 2,438)
$3,688,948 40
2,697,971 02
withdrawals during year, 20,214, amounting to (accounts closed 1,790)
Net increase
in
amount due
depositors (accounts increased 648)
$990,977 38
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$185,000 U. S. Certs, of Indebt.
4%s
1,958,000
24,000
3,000
10,000
5,000
3,000
United States 4J^s
Fall River 4^s
Lorain, O., 5s
Minn'polis, Minn.,4%8
Oakland, Cal., 5s
Oakland, Cal., bV2 s
Railroad Bonds
$15,000 Baltimore & Ohio 4J^s
50,000 Baltimore & Ohio 5s
10,000 Boston & Albany 5s
10,000
15,000
23,000
188,000
35,000
Central R. R. of N.
J. 5s
l
Chi., Mil. & St. P. 4 As
Northwest.
5s
Chi. &
Chi. & Northwest. 6s
Chi., St. P.. Minn. & O.
6s
60,000 Fitchburg 4s
160,000 Fre., Elkhorn & Mo.
Val. 6s
75,000 Housatonic 5s
40,000 Illinois Central 4s
40,000 Kal.. Allegan & G. R.
5s
Louis.
Louis.
&
&
Nash. 5s
Nash. 6s
Mahoning Coal 5s
Maine Central 43^s
Mich., Cent.-D. & B.
City 5s
130,000 Mil., Lake Shore &
West. 5s
15,000 Minn., St. P. & S. Ste.
80,000
104,000
68,000
25,000
100,000
M.
4s
Gas, Electric, and Water
Par Value
$86,000
100,000
40,000
85,000
85,000
75,000
80,000
30,000
70,000
5,000
Mobile
& Ohio
6s
6s
Nash., Flor. & Shef. 5s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 6s
No. Maine Seaport 5s
Norfolk & Western 6s
Northern Pacific 5s
Northern Pacific 6s
Ohio River 5s
15,000 Pennsylvania 5s
18,000 Ports., G. F. & Conway
5,000
22,000
106,000
17,000
143,000
1,000
Montana Central
4Hs
& No. Alabama 5s
Falls & No. 6s
St. J. & L. C. 5s
St. Paul & Duluth 5s
St. P., Minn. & Man. 6s
Sun., Hazle. & Wilkes.
So.
Spokane
Com-
pany Bonds
Par Value
$6,000 Eastern Mass. Elec. Co.
6s
25,000 N. B. Gas & Ed. Lt. Co.
5s
1,000 N. B.
6s
1,000 N. B.
Gas & Ed.
Lt. Co.
Gas & Ed.
Lt. Co.
6Ms
10,000 N. B. Gas & Ed. Lt. Co.
7s
30,000 N. E. Power Co. 5s
30,000 Turners Falls P. & E
Co. 5s
20,000 West Boston Gas Co. 7s
20,000 Weymouth L. & P. Co.
5Hs
6s
22,000 Willmar
&
Sioux F's 5s
Street Railway Bonds
Boston Elevated 4*s
Boston Elevated 5s
Boston Elevated 6s
Lynn & Boston 6s
$15,000
70,000
18,000
20,000
15,000
30,000
West End
West End
5s
6s
Telephone Company Bonds
$129,000 Am. Tel. & Tel. Co. 4s
30,000 Am. Tel. & Tel. Co. 5s
69,500 N. E. Tel. & Tel. Co. 5s
Bank Stocks
Shs.
9 Atlantic Nat'l, Boston
93 Eliot Nl. Bk., Boston, in
liq.
670 First Nl. Bk., Boston
79 Merchants Nl. Bk., Boston
537 Nl. Shawmut Bk., Boston
50 Second Nl. Bk., Boston
255 Fall River Nl. Bk.
1,070 Massasoit-PocassetNl. Bk.,
Fall River
338 Metacomet Nl. Bk., Fall
River
40 Union Nl. Bk., Lowell
—
P. D. 8, Part
I.
85
FALL RIVER — FALL RIVER SAVINGS BANK
[ncorporated
Enoch J. French, President.
James N. Bufnngton, Clerk of
March
11, 1828.
Number
of corporators, 9i
Gardner, Treasurer.
Freeborn, Assistant Treasurer.
Israel P.
Charles
the Corporation.
M.
of Trustees: T. B. Bassett,* Jefferson Borden, 8. H. Borden, H. P. Brown, J. N. Bumngton, N. R.
Earl, H. H. Eddy,* E. J. French,t I. P. Gardner, B. S. C. Gifford.t H. H. Horton.f W. H. Jennings,
F. O. Lothrop, Alexander Makepeace, J. E. Newton, E. B. Varney,* L. E. Wood,* W. R. Woodman.*
Board
Deposits draw interest from
fifth
day
month; dividends are payable April 5 and October
ness hours: 8.30 a.m. to 3 p.m.
of each
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans
on
estate
real
(less
$15,691.15 due thereon)
Loans on personal security
31,
5.
Busi-
1924
Liabilities
$7,002,200 10
3,071,489 00
99,622 50
Deposits (19,346 accounts, average,
$815.82)
$15,782,879 53
2,563 50
.
.
.
.
Christmas and other club deposits
.
Surplus:
285,000 00
183,610 00
Guaranty fund (4-93%
a.
posits)
of de-
778,651 44
559,077 77
.
Profit and loss
Interest, rents, etc.
b.
5,494,921 85
923,300 00
40,000 00
Bank building (est. vol., $40,000)
Due from banks and trust com
pames
Cash and cash items
less
current
expenses
27,069 83
107,910 42
386 09
Discount unearned
Other liabilities
142,277 30
16,117 83
Total Assets
.
Total Liabilities
$17,258,538 58
.
$17,258,538 58
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Salaries
Rent
Advertising
Amount, paid for
$22,719.77
$33,145.22 $4,000.00
1.32
1.92
.23
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $935,742.58.
.
Other Expenses
$821.86
$7,146.54
.05
.41
Rates on Investments and Loans (Average on
All,
Total
$67,833.39
3.93
2 38
5.32%)
V
847 real estate loans, averaging $6,487.51 (average rate, 5.92%) 5 2 %, $915,900; 6%, $4,579,021.
34 personal loans, averaging $27,155.88 (average rate, 5.10%) 4%, $30,000; 4^%, $75,000; 5%, $255,000;
;
;
5%%,
$135,000;
534%, $301,300; bW7o, $127,000.
stocks, etc. (average rate on amount invested, 5.03%).
Number of loans not over $3,000 each, 282, amounting to $505,762.
95 real estate loans made during year, amounting to $580,450.
Bonds,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 26,221,
Number
of
1924,
2J^%
234%
...
amounting to (accounts opened
1,756)
withdrawals during year, 22,237, amounting to (accounts closed 2,328)
Net increase
in
Board
amount due depositors (accounts decreased
of Investment.
572)
$372,409 93
377,792 78
3,019,153 39
$3,769,356 10
3,164,562 87
$604,793 23
.
t
Auditing Committee.
D.
P.
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Value
$200,000 (J. S. Treas. Bonds 4^s
100,000 U.S. Treas. Notes4Ms
450,000 U. S. Treas. Notes 4}/2 s
1,475,000 U. S. Treas. Notes 4%s
300,000 U. S. Certs, of Indebt.
i
ai
2,113,400 United States 4^s
110,000 California 5%s
90,000 Massachusetts 4s
20,000 Michigan 5Ms
30,000 Michigan 5%s
20,000 Oregon 5%s
20,000 Oregon 6s
100,000 Washington 6s
15,000 Akron, O., 6s
3,000 Braintree 4s
24,000 Brockton 4s
17,000 Brookline 4s
25,000 Cambridge 4s
20,000 Cambridge 5}^s
8,000 Canton, O., 6s
50,000 Cincinnati, O., 5}^s
50,000 Cleveland, O., 5^s
50,000 Cleveland, 0.,6s
14,000 Columbus, O., 5^s
80,000 Dayton, O., 6s
45,000 Des Moines, la., 6s
50,000 Duluth, Minn., 4^s
23,000 Edgartown4s
6,500 Everett 5^s
89,000 Fall River 4s
6,000 Fall River 4Hs
18.000 Fall River 4%s
12,000 Fall River 5s
5,000 Fall River 5Hs
13.000 Gloucester 5s
50,000 Grand Rapids,Mich.,6s
10,000 Green Bay, Wis., 6s
10,000 Haverhill 4s
24,000 Hudson 4s
30,000 Jersev City, N. J., 5s
30,000 Jersey City, N. J., 5J^s
8,000 Longmeadow 4s
15,000 Los Angeles, Cal., 5^s
30,000 Los Angeles, Cal., 5%s
50,000 Lowell, 4J^s
20,000 Maiden
12,000 Marlboro 4^s
34,000 Medford 4s
25,000 Milwaukee, Wis., 6s
30,000 Minneapolis, Minn., 5s
50,000 New Bedford 4s
100,000 New Bedford 4^s
15,000 New Bedford 4%s
4,000 Pittsfield 4s
10,000 Portland, Ore., 4s
35,000 Portland, Ore., 5s
16,000 South Hadley 4s
30,000 Springfield 4s
Par Value
$3,000
31,000
20,000
20,000
14,000
30,000
50,000
25,000
100,000
25,000
15,000
Par Value
Springfield 4^s
Springfield 5s
Springfield, ()., 6s
W. Springfield 4j£s
$22,000
200,000
"><>, 000
100,000
25,000
200,000
65,000
40,000
Stoneham 434s
St. Joseph, Mo., 5s
St. Paul, Minn.,
St. Paul, Minn., 6s
Toledo, O., 6s
Worcester 4s
Wakefield 4%s
Agawam
$50,000
100,000
40,000
10,000
100,000
23,000
100,000
Northwestern 5s
1'.,
Cleveland
M. & O.
&
Pitts.
6s
4H«
Frc.Elkh'n & Mo. V. 6e
Gouverneur & Osw. 5s
166,000 Mich., Cent.-D. & B.
City 5s
100,000 Mil., L. Shore & West.
4s
5s
Auburn 4.20%
Bernardston 4.10%
Blackstone 4.05%
Canton 4.10%
Dartmouth 4.20%
Essex 4.05%
101,000
200,000
210,000
200,000
10,000
200,000
24,000
5,000
31,000
100,000
150,000
250,000
Franklin 4s
Foxboro 4.10%
Hadley 4s
Hopkinton 4.10%
Hull 4.175%
D.)
Huntington
(F.
4.05%
15,000 Longmeadow 4.175%
15,000
5,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
10,000
6,000
10,000
10,000
10,000
10,000
25,000
10,000
10,000
20,000
&
Chi., St.
Illinois Central 4s
Illinois Central 5s
Kal., Alleg. & Gr. Rpds.
5s
200,000 Louisville & Nash. 5s
200,000 Louisville & Nash. 6s
60,000 Mahoning Coal 5s
5^s
Public Funds, Notes
Abington 4.05%
$10,000
10,000
20,000
2,000
25,000
10,000
25,000
10,000
10,000
10,000
10,000
15,000
10,000
2,000
Chi.
& Ohio
Mobile
6s
Montana Central
6s
N. Y., N. H. & H. 4s
Norfolk & Western 6s
N. East, of So. Car. 6s
No. Pacific 6s
Northern Ry. of Cal. 5s
No. Wisconsin 6s
Pine Creek 6s
Pitts., McKees. & Y. 68
&
St. J.
St. P.,
L. C. 5s
Minn.
& Ma.
6s
Telephone Company Bonds
Lowell 4s
Medwav 4.10%
Methuen 4.10%
Millis 4.05%
Montague 4.10%
& Tel.
Co. 5s
Gas, Electric and Water
Com-
$102,000 N. E. Tel.
Nantucket 4s
Orange 4s
Palmer 4s
$25,000
pany Bonds
N. B. Gas & Ed.
Lt.
Co. 5s
60,000 N. B. Gas & Ed. Lt.
Co. 6^s
75,000 N. B. Gas & Ed. Lt.
Co. 7s
100,000 Turners Falls P. & El.
Co. 58
l
25,000 Wor. Gas Lt. Co. 5 A»
Pittsfield 4s
Revere 4.10%
Revere 4.20%
Rovalston 4.05%
Salem 4s
Salisbury 4.05%
Saugus4.10%
Southwick 4.05%
Stoughton 4s
West Brookfield 4.05%
Warren 4.10%
Whitman 2.90%
Bank Stocks
Shs.
150 Eliot Nl. Bk., Boston, in liq.
36 First Nl. Bk., Boston
286 Nl. Shawmut Bk., Boston
232 Second Nl. Bk., Boston
86 Fall River Nl. Bk.
50 First Nl. Bk., Fall River
650 Massasoit-Poc. Nl. Bk., Fall
Railroad Bonds
Ateh., Top. & S. F6 4s
Boston & Maine 4J^s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4^s
Charleston & Savannah 7s
C,
Mil.
& St.
River
270 Metacomet Nl. Bk., F. River
New
220 Merchants Nl. Bk.,
Bedford
Paul 43^s
FALL RIVER — FALL RIVER FIVE CENTS SAVINGS BANK
Incorporated April 10, 1855.
Number
of corporators, 47
Charles L. Holmes, Treasurer.
Frederick W. Wntt.^, Assistant Treasurer.
O. Elton Borden, Assistant Treasurer
J (Office Vacant), President.
Everett N. Slade, Clerk of the Corporation.
of Trustees: F. T. Albro, C. N. Borden, t Spencer Borden, Jr., J. W. Bowen, James Buffmjnon,
Chase, A. P. Davol,*t C. D. Davol, W. E. Dow, Nathan Durfee, R. S. Goff, O. S. Hawes,*
C. L. Holmes,* J. F. Jackson, E. B. Jennings,* A. A. Mills, H. H. Read.t E. N. Slade, C. S. Waring,*
Board
S. B.
J.
H. Waring, M.
F. Welsh.
Deposits draw interest from
*
t
fir^t day of each month; dividends are payable the second Monday
and December. Business hours: 9 a.m. to 2 p.m.
Board of Investment.
Nathan Durfee elected November
t
29, 1924.
Auditing Committee.
of
June
—
P. D. 8, Part
87
I.
STATEMENT OF CONDITION, OCTOBER
Liabilities
Assets
Public funds, notes and bonds
Railroad bonds and notes
Street railway bonds
.
.
.
.
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $93,000
due thereon)
Loans on personal security
.
.
60
2,315,996 25
122,000 00
125,000 00
$4, 872,547
.
.
Bank building (est. val., $325,000)
Due from banks and trust com-
65,000 00
185,100 00
4,020,790 00
624,764 00
190,000 00
.
.
....
Total Assets
.
Surplus:
Guaranty fund (4-71%
of de-
....
....
....
posits)
b. Profit and loss
Interest and rents
Discount unearned
540,000
490,574
280,871
73,430
00
29
56
56
295,446 72
34,121 10
panies
.
Deposits (29,362 accounts, average,
$1 1,462,374 26
$390.88)
3,515 00
Christmas and other club deposits
a.
.
Cash and cash items
1924
31,
$12,850,765 67
Total Liabilities
$12,850,765 67
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
$32,655.17 $6,000.00
paid for
$16,479.11
2.54
.47
1.28
Cost per $1,000 Of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $663,159.73.
.
.
$1,223.47
Other Expenses
$7,073.21
.09
Rates on Investments and Loans (Average on
5%,
.55
All,
Total
$63,430.96
4.93
3.18
5.11%)
534%. $157,500; 534%,
$356,000; 6% S2.983.290.
54 personal loans, averaging $11,569.70 (average rate, 5.10%); 434%, $25,000; 4.80%, $50,000; 5%,
$254,014; 5 34%, $230,000; 534%, $60,750; b%%, $5,000.
Bonds, stocks, etc. (average rate on amount invested, 4.75%).
Number of loans not over $3,000 each, 344, amounting to $581,829.
90 real estate loans made during year, amounting to $843,400.
709
real estate loans,
averaging $5,671.07 (average rate, 5.80%);
$524,000;
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Dec, 1923,
June, 1924,
Number
of deposits during year, 46,592,
Number
of
234%
234%
$257,457 02
257,024 53
2,227,530 23
amounting to (accounts opened 2,601)
withdrawals during year, 33,284, amounting to (accounts closed 3,626)
Net decrease
in
amount due
$2,742,011 78
3,217,953 67
$475,941 89
depositors (accounts decreased 1,025)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$370,000 U. S. Treas. Bonds 434s
150,000 U. S. Treas. Notes 434s
100,000 U. S. Treas. Notes 434s
761,500 U. S. Treas. Notes 4%s
3,626,300 United States 434s
$35,000 Mil., Lake Shore &
West. 6s
15,000 Montana Central 5s
43,000 N. Y. C. & H. R. 5s
250,000 N. Y., N. H. & H. 4s
50,000 No. Pacific 6s
135,000 Pennsylvania 434s
10,000 Pine Creek 6s
115,000 Portland Term. Co. 4s
159,000 St. J. & L. C. 5s
100,000 St. P., Minn. & Man. 6s
19,000 Southern Pacific 5s
Railroad Bonds
Baltimore & Ohio 4s
$115,000
25,000
39,000
99,000
242,000
370,000
50,000
130,000
100,000
50,000
Chi., Mil.
Chi.
Chi.
&
&
Louis.
Louis.
St. P. 5s
Northwest. 5s
Northwest. 6s
Fre., Elk.
Illinois
&
& Mo.
Val. 6s
Central 4s
Nash. 5s
&
&
Nash. 6s
Mahoning Coal 5s
Mich. Cent.-D. & B.
City 5s
205,000 Mil., Lake Shore &
West. 5s
Gas, Electric and Water
Par Value
Street Railway
j
Bonds
$30,000 Boston Elevated 434s
87,000 Boston Elevated 5s
5,000 Eastern Mass. 6s
Telephone Company Bonds
i
$125,000
Am.
Tel.
&
Tel. Co. os
Com-
pany Bonds
Par Value
$30,000 Turners Falls P.
&
El.
Co. 5s
10,000 Wevm'hL.&P.Co.SMs
25,000 Wore. Gas Lt. Co. 534s
Bank Stocks
Shs.
25 First Nl. Bk., Boston
510 Atlantic Nl. Bk., Boston
50 Merchants Nl. Bk., Boston
50 Nl. Shawmut Bk., Boston
300 Web. A: At. Nl. Bk., Boston
100 Fall River Nl. Bk.
483 Massasoit-Poc. Nl. Bk., Fall
River
283 Metacomet Nl. Bk., Fall
River
50 Bristol Co. Tr. Co., Taunton
—
88
P. D. 8, Part
FALL RIVER — UNION SAVINGS BANK
Incorporated April 24, 1869.
Jerome C. Borden, President.
Cyrus C. Rounseville, Jr., Clerk of
Number
I.
45
of corporators,
Adam W.
James
the Corporation.
Gifford, Treasurer.
P. Hart, Assistant Treasurer.
J. C. Borden,* Israel Brayton,* W. L. S. Brayton, I. A. Brown, F. L.
Edmund Cote, T. D. Covel,* F. O. Dodge,* A. W. Gifford, M. B. Horton,* M. T.
Hudner, W. N. McLane.f C. A. Pardee, C. C. Rounseville, Jr., A. H. Skinner.*f
Board of Trustees: R. A. Bogle,
Carpenter.t
Deposits draw interest from the fifteenth day of each month; dividends are payable May 19 and
ber 19. Business hours: 9 a.m. to 2 p.m.; also Saturdays, for deposits only, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water companj
bonds
Bank and trust company stocks
on
real
estate
Loans
(les
$19,969.45 due thereon)
Loans on personal securitv
Bank
building (est. val, $295,000)
Taxes, insurance, etc., paid on
mortgaged properties
$1,737,860
1,099,984
128,000
177,735
trust
10
00
00
Surplus:
o.
88,500 00
53,900 00
....
....
Guaranty fund (3.58%
posits)
$9,486,214 17
11,373 50
of de
Profit and loss
Interest, less current expenses
b.
5,611,665 55
1,053,377 40
200,000 00
339,652 24
283,156 31
.
and
taxes
Discount unearned
246,621 28
93,733 27
.
7 77
.
Due from banks and
31, 1924
Liabilities
Deposits (12,502 accounts, average
$758.78)
Christmas and other club deposits
84
Novem-
com296,358 11
13,362 00
panies
Cash and cash items
Total Assets
.
Total Liabilities
$10,460,750 77
$10,460,750 77
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
paid for
$27,269.46 $5,043.65
$9,224.78
.87
2.61
.48
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $552,546.65.
.
Advertising
$1,175.85
Other Expenses
$9,055.30
.86
.11
Rates on Investments and Loans (Average on
All,
Total
$51,769.04
4.93
3.58
5.55%)
1,222 real estate loans, averaging $4,592.20 (average rate, 5.99%); 5%%, $284,000; 6%, $5,327,665.
260 personal loans, averaging $4,213.51 (average rate, 5.21%); 5%, $450,400; 5J4%, $332,816; 5H%,
$263,261; 5%%. $6,900.
Bonds, stocks, etc. (average rate on amount invested, 4.92%).
Number of loans not over $3,000 each, 741, amounting to $1,123,092.78.
167 real estate loans made during year, amounting to $822,975.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits during year, 23,005,
Number
of
1924,
amounting
2H%
2H%
$208,53178
to (accounts opened, 1,737)
withdrawals during year, 17,260, amounting to (accounts closed 1,549)
Net increase
*
in
Board
amount due
of
depositors (accounts increased 188)
Investment.
.
.
.
.
219,009 31
2,317,022 01
$2,744,563 10
2,129,200 37
$615,362 73
f
Auditing Committee.
—
P. D.
8,
Part
89
I.
SCHEDULE OF SECURITIES OWNED
$70,000
100,000
378,500
1,047,650
20,000
4,000
31,000
5,000
12,000
8,000
3,000
23,000
5,000
5,000
7,000
5,000
4,000
U. S. Treas. Bonds 4^9
U. S. Treas. Notes 4J^s
U. S. Treas. Notes 4%.s
United States 4^9
Boston 4Jis
Chelsea 4s
Fall River 4s
Fall River 4^9
Fall River 4^s
Fall River 5s
Fall River 53^9
10 000 Chi., Mil. & St. P.4Hs
43 000 Chi., Mil. & St. P. 5s
41 000 Chi. & Northwest. 5s
80 000
in 000
37 000
47 000
135 ,000
20 ,000
26 .000
20 ,000
Lawrence 4s
Lowell 4s
Lvnn
New
New
4s
Bedford 4s
Bedford 5Ms
Fre., Elk.
& Mo.
$148,000 Am. Tel. & Tel. Co. 5s
35,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Ludlow 4s
4^3
Com-
pany Bonds
|
$40,000 N. E. Power Co. 5s
50,000 Turners Falls P. & El.
Co. 5s
|
00 ,000 No. Pacific 6s
10 ,000 Northern R'y of Cal. 5s
3 ,000 Pennsylvania 4J^s
5 000 So. & North. Alab. 5s
31 000 St. J. & L. C. 5s
20 000 St. L., Peoria & North. 5s
51 000 St. P., Minn. & Man. 6s
25 000 Willmar & Sioux F's 5s
Reading 4^9
Somerset 5^9
End 5s
End 6s
End 6M3
Telephone Company Bonds
Val. 6s
&
&
Nash. 5s
Nash. 6s
Mahoning Coal 5s
Michigan Central 5s
Minn., St. P. & S. Ste.
Louis.
Louis.
42 ,000
6s
18 ,000 Nash., Flor. & Shef. 5s
60 ,000 N. Y. C. & H. R. 5s
75 ,000 N. Y., N. H. & H. 4s
Public Funds, Notes
Wellfleet
15,000 West
25,000 West
10,000 West
Fitchburg 4Hs
Illinois Central 5s
M. 5.3
Montana Central
Newton 4s
1,000 Salem 4^9
15,000 Springfield 4^9
$3,000
3,000
25,000
2,000
Street Railway Bonds
Par Value
$28,000 Boston Elevated 4^3
25,000 Boston Elevated 5s
15,000 Boston Elevated 5^3
10,000 Boston Elevated 6s
Railroad Bonds
Par Value
$50,000 Baltimore & Ohio 5s
86,000 Boston & Albanv 5s
DO 000 Boston & Maine 4^3
55 000 C, B. & Q. 4s
Public Funds, Bonds
Par Value
Bank Stocks
Shs.
109 Fall River Nl. Bk.
230 Massasoit-Poc. Nl. Bk., Fall
River
200 Metacomet
River
Nl.
Bk..
Fall
FITCHBURG — FITCHBURG SAVINGS BANK
745
MAIN STREET— BRANCH OFFICE,
Incorporated February
12, 1846.
119
FAIRMOUNT STREET
Number
Charles E. Ware, President.
Ebenezer Bailey, Clerk of the Corporation.
of corporators,
58
Frederic C. Nichols, Treasurer.
Arthur H. Brown, Assistant Treasurer.
Board of Trustees: Harrison Bailev, Richard Bullock,* B. A. Cook.t Alvah Crocker, Douglas Crocker,
G. H. Cutler, N. M. Deschenes, D. M. Dillon. G. A. Dunn, M. F. Dunn.t Charles Fosdick, F. H.
Foss,* A F. Francis,* G. P. Grant, Jr., Norman Harrower, D. A. Hartwell, H. J. Hvatt, J. L. Johnson,*
A. H. Lowe, F. M. McMurrav, F. C. Nichols, W. E. Putnev, H. K. Simonds, J. A. Stiles, H. G.
Townend, G. R. Wallace, G. R. Wallace, Jr.,* C. E. Ware,* t. K. Ware.f L. R. Welch.
Deposits draw interest from first business day of each month: dividends are payable January 1 and July
Business hours: 8.45 a.m. to 3 p.m.; Saturdays, 8.45 a.m. to 12 m.; also Tuesdays, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Loans on real estate (less $107,060
due thereon)
Loans on personal security
.
.
.
.
.
.
Bank building (est. vol., $150,000)
Due from banks and trust companies
Cash and cash items
Total Assets
*Board
.
.
.
....
of
Investment.
$1,655,975
569,000
88,000
75,000
293,000
00
00
00
00
00
31,
1924
Liabilities
Deposits (18,585 accounts, average,
$12,999,410 30
$6994-5)
105,663 00
Christmas and other club deposits
Surplus:
.
a.
Guaranty fund (4.91%
of de-
643,600 00
138.128 49
262,307 88
posits)
8,950,010 00
2,063,843 33
75,000 00
1.
6. Profit
Interest
and
loss
.
351,640 62
27,640 72
$14,149,109 67
Total Liabilities
t Auditing
$14,149,109 67
Committee.
90
P.
D.
8,
Part
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
paid for
$11,048.88
$29,498.32
$1,500.00
Cost per $1,000 of asa S
.78
2.08
.10
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, S754.780.25.
.
$2,622.74
.19
t
Rates on Investments and Loans (Average on
1,011
rial estate loans,
•
•.'-%. $8,000;
8£4 personal
loa7is,
All,
Other Expenses
Total
$16,006.20
$60,676.14
1.13
4.28
3.40
5.54%)
averaging $8,852.63 (average rate 5.70%); 534%, $5,536,985;
7%,
6%, $3,311,025:
$94,000.
6%,
averaging $9,213.58 (average rate, 5.96%); 4.%%, $55,000; 534%, $27,050;
$1,981,793.
(average rate on amount invested, 4.07%).
Number of loans not over $3,000 each, 088, amounting to $1,054,863.
226 real (state loans made during year, amounting, to $1,905,400.
Bends,
storks, etc.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits during year, 27,600,
Number
of
234%
234%
...
$295,295 00
308,760 35
2,761,230 84
amounting to (accounts opened 2,513)
$3,305,286 19
2,523,351 97
withdrawals during year, 15,948, amounting to (accounts closed 1,821)
Net increase
in
amount due depositors (accounts increased
$S4 1,934 22
692)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
il, 004,050 United States 434s
33,000 Massachusetts 334s
4,000
57,000
12,000
3,500
12,000
20,000
20,000
25,000
4,000
19,500
10,000
25,000
25,000
3,000
18,000
3,000
34,000
31,000
8,000
25,000
11,000
50,000
15,000
5,000
10,000
2,000
0,000
8,500
3,000
15,000
Par .Value
Beverlv 4s
Boston 4s
Brockton 4s
Cambridge 334s
Dayton, O., 5s
Everett 434s
Fall River 4s
Fall River 434s
Holyoke 4s
Lawrence 4s
Lawrence 434s
Lawrence 434s
Los Angeles 4%s
Maiden 4s
Maiden 434s
Marlborough 4s
Medford 434s
Quincy 4s
Quincy 534s
Revere 434s
San. Fran., Cal., 434s
Springfield 4s
Springfield 434s
Springfield 5s
Wilkes-Barre, Pa., 4s
Agawam
4s
Amesburv 4s
Ashburnham 4%s
Belmont 4s
Belmont 4 34s
$10,000 Brookline 4s
14,000 Needham 434s
4,000 Norwood 5%s
4,000 Shelburne Falls (F.D.)
4s
8,000 Shrewsbury 4s
4,000 Wellesley 4s
70,000 West Springfield 4s
8,000 West Springfield 434s
6,000 Turners Falls (F. D.)
434s
11,000 Warren (W. D.) 434s
Street Railway Bonds
Par Value
$30,000 Boston Elevate,! 4s
10,000 Boston Elevated 434s
7,000 Fitchburg & Leom. 7s
4,000 Leom., Shirlev & Aver
7s
20,000 West
25,000 West
Telephone Company Bonds
$88,000 Am. Tel. & Tel. Co.
4s
Railroad Bonds
Baltimore & Ohio 4Ks
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 6s
$48,000
31,000
20,000
11,000
30,000
25,000
C,
&
Bank Stocks
Shs.
Q. 4s
Chi., Mil. & St
B.
300 First Nl. Bk., Boston
Paul
434s
Fitchburg 4s
Fitchburg 434 s
Illinois Central 334s
Maine Central 434 s
Maine Central 5s
Minn.. St. P. & S. Ste.
235
300
100
50
400
M. 4s
25,000 New England 4s
25,000 N. Y. C. & H. R. 4s
50,000 N.Y..N.H..& II.3»2S
35,000 Old Colon v 4s
67
200
30
100
50
129,000
08,000
25,000
25,000
25,000
25,000
End 4s
Ends 4>4s
150 Atlantic Nl. Bk., Boston
Merchants Nl. Bk., Bo-ton
XI. Shawmut Bk., Bh-mh
State Street Tr. Co., Boston
5
Clinton Trust Co.
Fitchburg Bk. & Tr. Co.
Nl. Bk.
Townsend
Crocker Nl. Bk., Tin
Merchants XI. Bk., Wor.
Wore. Bank and TruOld Colony Tr. Co.. Boston
Merchants Nl. Bank.. Salem
FITCHBURG — WORCESTER NORTH SAVINGS INSTITUTION
Incorporated
May
Charles F. Baker, President.
Robert N. Wallis, Clerk of the Corporation.
20, 1808.
Number
of corporators,
79
Albert C. Brown, Treasurer.
Wilbur W. Henry, Assistant Treasurer
of Trustees: C. F. Baker,* E. W. Baker, C. W. Bennett,* A. C. Brown, G. W. Bruce, F. A. Currier, f
L. Cushing, M. B. Damon, L. A. Drurv, H. A. Estabrook, A. L. Goodnow, W. C. Hardy, t \\ W.
Henry, W. T. Hidden, T. F. Howarth,* J. M. Hubbard, A. M. Levy, H. G. Pearson, W. W. Sargent,*
H. L. Sawyer, T. H. Shea, T. C. Sheldon.t R. N. Wallis, D. G. Whooley, John Woolredge.
Board
M.
•
Deposits draw interest from the first day of each month: dividends are payable the first day of January
to 8 p.m.
and July. Business hours: 8.45 a.m. to 3 p.m.; Saturdays, 8.45 a.m. to 12 m.;
*
Board
of Investment.
t Auditing
Committee.
—
P.
D.
8,
Part
91
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $137,419
due thereon)
Loans on personal security
....
Bank building (est. val., $180,000)
Furniture and fixtures
Real estate in possession (assessed
$3,357,584
704,502
536,102
77,150
$14,023,227 62
$66449)
50
00
01
Surplus:
Guaranty fund (4.95%
a.
posits)
b. Profit and loss
Interest
Discount unearned
9,998,682
1,165,283
160,573
4,431
...
....
....
1924
Liabilities
Deposits (22,007 accounts, average,
51
10,000 00
19,000 00
36
73
05
05
of de-
....
....
724,150 00
594.055 84
303,054 58
11,565 88-
1,365 45
1,205 20
value, $2,700)
Other assets
Due from banks and trust com
panies
31,
210,064 42
10,109 64
Cash and cash items
Total Assets
$16,256,053 92
Total Liabilities
$16,256,053 92
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
.Salaries
$6,443.14
$25,935.00 $4,066.67
paid for
.40
1.60
.25
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $863,008.88.
.
Advertising
Other Expenses
$3,289.90
$8,118.11
.20
.49
Total
$47,852.82
2.94
2.29
Rates on Investments and Loans (Average on
All,
5.46%)
1,076 real estate loans, averaging $9,292.45 (average rate 5.83%); 5)4%, $3,551,727;
6)4%, $210,400; 7%, $50,799.
204 personal loans, averaging $5,712.17 (average rate, 5.71%); 4)4%, $25,000; 434%
$50,000; 5%, $100,000; 5)4%, $75,000; 534%, $76,478; 6%, $813,806.
Bonds, stocks, etc. (average rate on amount invested, 4.59%).
Number of loans not over $3,000 each, 655, amounting to $1,029,812.73.
231 real estate loans made during year, amounting to $2,352,011.
6%, $6,185,756;
$25,000; 4.80%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 37,674,
Number
of
234%
$332,029 2a
345,810 77
3,158,557 69
July. 1924, 234%
to (accounts opened 2,609)
amounting
$3,836,397 66
2,919,429 28
withdrawals during year, 22,527, amounting to (accounts closed 2,392)
Net increase
in
amount due depositors (accounts increased 217)
$916,968 38
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Treas.
Bonds
Treas.
Notes
239,300 U. S. Treas.
4)4s
818,300 U. S. Treas.
Notes
$382,000 U.
S.
Par Value
$35,000 Shirley 434s
3,500 Westminster 5s
4Ms
525,000 U.
S.
4^s
Notes
4%s
1,221,900
5,000
1,000
36,000
10,400
1,000
2,500
United States 4)^s
Boston 4M*
Cleveland, O.,
Essex 434s
Fitchburg 4s
4^s
West Springfield 4s
Winthrop 4s
Railroad Bonds
Baltimore & Ohio 434s
Boston & Albany 334s
Boston & Albany 4s
Boston & Lowell 434s
Boston & Lowell 5s
Boston & Maine 4s
Boston & Maine 434s
1,000 Boston & Maine 6s
20,000 Boston & Maine 7s
$30,000
25,000
120,000
25,000
20,000
75,000
25,000
25,000
25,000
170,000
50,000
20,000
Chi., Mil.
Delaware
& St. P. 4s
& Hudson 4s
Fitchburg 4s
Fitchburg 434s
Lake Shore & Mich.
So. 4s
Public Funds, Notes
$21,300
15,000
2,000
30,200
4,000
4,000
12,500
Ashby 4)4s
Ashby 434s
Princeton 4s
Princeton 434s
Princeton 5s
Salisbury 4s
Shirley
4^s
25,000
21,000
25,000
45,000
Maine Central 434s
Maine Central 5s
N. Y. C. & H. R. 4s
No. Maine Seaport 5s
Street Railway Bonds
$60,000 Boston Elevated 434s
60,000 Boston Elevated 5s
Par Value
$35,000
50,000
30,000
35,000
67,000
1,000
Boston Elevated 534s
Boston Elevated 6s
Eastern Mass. 434s
Eastern Mass. 6s
Fitchburg & Leom. 7s
Leom. Shirley
& Ayer
7s
20,000
97,000
64,000
25,000
West End 4s
West End 6s
West End 6)4s
Wore. Consol. 4J4s
Telephone Company Bonds
$58,000 Am. Tel. & Tel. Co. 4s
25,000 N.E.Tel.&Tel.Co. 5s
Gas, Electric and Water Co.
Bonds
$10,000 Old Colony Gas Co. 5s
Bank Stocks
Shs.
125 Fitchburg
Bank & Trust Co.
—
92
P.
FOXBOROUGH
D.
8,
Part
I.
FOXBOROUGH SAVINGS BANK
Incorporated April 18. 1855.
Number
30
of corporators,
Forrest Bassett, President.
Ellis, Clerk of the Corporation.
Harrie F. Gray, Treasurer.
George R.
Nellie F.
Capen,
Assistartt Treasurer.
Board
of Trustees: Forrest Bassett,* E. H. Bristol, N. F. Capen, Horace Carpenter, G. R. Ellis, H. F.
Gray, R. E. McKenzie.f H. E. Newton,* A. E. Poole, J. W. Richardson, *t H. C. Read, Jr.,* F. H.
Richards, P. B. Richmond, H. G. Smith,* Jarvis Williams. t
Deposits draw interest from the first business day of March, June, September and December; dividends
are payable the Wednesday after the second Monday of June and December.
Business hours: 9 a.m.
to 3 p.m.; also Saturdays, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
31,
1924
Liabilities
$136,982
273,123
114,830
27,545
00
00
14,662
33,830
139
966,726
10,010
25,280
50
00
00
30
00
00
Deposits (2,742 accounts, average,
$555.30)
Surplus:
14
41
Guaranty fund U.68% of
a.
....
posits)
Securities acquired for debts
Loans on real estate
Loans on personal security
Bank building (est. vol., $35,000)
Real estate by foreclosure, etc. (as
sessed value, SI, 100)
Taxes, insurance, etc., paid on
mortgaged properties
Due from banks and trust com
.
$1,522,654 54
de-
b. Profit and loss
Interest, rents, less
current
71,210 08
27,819 19
ex-
penses
27,353 46
1,899 34
119 40
.
panies
40,490 33
3,399 85
Cash and cash items
Total Assets
Total Liabilities
$1,649,037 27
$1,649,037 27
Total Expenses for the Year, including State Taxes
Rent
State Tax (Net)
Salaries
paid for
$600.00
$2,780.00
$1,687.54
Cost per $ 1 ,000 of assets
1 69
1.02
36
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $86,996.28.
Amount
.
Advertising
-
Other Expenses
$979.11
Total
$6,046 65
3.66
2.28
59
.
Rates on Investments and Loans (Average on
All,
5.71%)
451 real estate loans, averaging $2,143.51 (average rate, 6%); 6%, $966,726.
15 personal loans, averaging $667.33 (average rate, 6%); 6%, $10,010.
Bonds, stocks, etc. (average rate on amount invested, 5.24%).
Number of loans not over $3,000 each, 396, amounting to $649,136.30.
57 real estate loans made during year, amounting to $149,900.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Dec, 1923, 2
June, 1924,
Number
of deposits during year, 3,012,
Number
of
Net
amounting
/%
x
2
2V2 %
....
$33,245 94
34.713 03
279.181 53
.
to (accounts
opened 273)
$347,140.50
230,176 78
withdrawals during year, 2,364, amounting to (accounts closed 200)
increase in
*
Board
amount due depositors (accounts increased
of
Investment.
$116,963 72
73)
t Auditing
Committee.
—
P. D. 8, Part
93
I.
SCHEDULE OF SECURITIES OWNED
Bonds
Public Funds,
Par Value
$150 United States
141,450 United States
$11,000
22,000
10,000
15,000
5,000
10,000
10,000
20,000
2,000
12,000
5,000
3,000
10,000
5,000
5,000
10,000
Par Value
§10,000 N. Y. C. & H. R. 4s
15,000 N. Y. C. & H. R. 5s
15,000 X. Y., X. H. & H. 3Hs
9,000 X. Y., X. H. & H. 4s
20,000 Xo. Maine Seaport 5s
25,000 Xorthern Pacific 6s
17,000 Old Colony 5J^s
13,000 Pennsvlvania 4j^s
10,000 Portland Terminal 5s
5,000 Somerset 4s
3,000 Washington Co. 3Hs
3^3
4^9
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4J^s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Maine 3s
Boston & Maine 4J^s
&
&
St. P. 4s
Chi., Mil.
St. P. 5s
Chi., Mil.
Conn. & Pass. Rivers 4s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^8
Boston Elevated 53^s
Boston & Revere 5s
37,000 Eastern Mass. 4^3
7,000 Springfield & Eastern 7s
Fitchburg 4s
Fitchburg 5s
Illinois Central 33^9
Illinois Central 4s
Illinois Central 5s
Lake Shore & Mich. So. 4s
Minn., St. P. & S. Ste.
M.
SI 1,000
19,000
15,000
5,000
10,000 West End 5s
15,000 Wore. Consolidated 4J^s
4s
Telephone Company Bonds
Par Value
$29,000 Am. Tel. & Tel. Co. 4s
3,000 X. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$15,000 X. E. Power Co. 5s
Bank Stocks
Shs.
41 Atlantic XI. Bk., Boston
10 Mt. Vernon XI. Bk., Boston,
in liq.
75 First XI. Bk., Boston
150 XI. Shawmut Bk., Boston
8 Web. & At XI. Bk., Boston
60 Framingham XI. Bk.
XL
6
Bk. of
Wrentham
FRAMINGHAM — FARMERS AND MECHANICS SAVINGS BANK
Incorporated April 23, 1883.
Arthur M.
Xumber
of corporators,
36
Vernard
Fitts, President.
Arba
S.
Baldwin, Clerk of
J. Irvine,
Treasurer.
the Corporation
Board of Trustees: A. S. Baldwin,! C. T. Boynton,*t G. H. Eames.t A. M. Fitts,* S. J. Goddard,* A. F.
Hall.t L. H. Hooker,* V. J. Irvine, B. S. Jordan,* J. W. Phillips, W. F. Richardson,* J. T. Whitney.*
Deposits draw interest from first day of each month; dividends are payable the twenty-first day of April
and October or on the next succeeding business day thereafter. Business hours: 9 a.m. to 3 p.m.;
Saturdays, 9 a.m. to 12 m., and 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
Loans
on
real
estate
(les
$27,866.53 due thereon)
Loans on personal security
insurance,
paid
etc.,
mortgaged properties
Due from banks and
1924
Liabilities
$299,730 50
541,878 81
36,825 00
1-2,750 00
76,954 25
233,297 70
.
Taxes,
31,
3,137,230 69
386,518 55
Depos
(13,192 accounts, average,
9340.68)
S4, 493, 601 32
Surplus:
a.
....
...
Guaranty fund {2.94%
posits)
of de
131,950
142,456
26,675
3,060
Profit and loss
Interest, less current expenses
b.
Discount unearned
...
00
21
02
25
oi
935 65
.
trust
com
50,031 68
21,589 97
panies
Cash and cash items
Total Assets
.
$4,797,742 80
Total Liabilit es
.
$4,797,742 80
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Xet)
Salaries
Rent
$16,368.19
$3,250.00
paid for
$5,376.87
Cost per $1,000 of assets
1.12
3.41
.68
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $264,048.53.
.
.
Board
of
Investment.
Advertising
$1,925.81
.40
f
Other Expenses
$7,159.44
1.49
Auditing Committee.
Total
$34,080.31
7.10
5.30
94
P. D. 8, Part
Rates on Investments and Loans (Average on
817
real estate loans,
averaging S3.839.94 (average rate, 5.99%);
5ss.soo.
100 personal loans, averaging 13,865.18 (average
rate,
5.24%);
5%%,
All,
I.
5.64%)
bV2 %, $172,000; 6%, $2,876,431; 614%.
V/2 %, $100,000; 4%%, $50,000; 5%,
$75,000; :.',%, $20,000: 6%, $127,519.
(average rate on amount invested, 4.86%).
amounting to $794,858.82.
165 real estate loans made during year, amounting to $662,300.
$14,000;
Bonds, stocks
Number
etc.
of loans not over $3,000 each, 529,
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: April, 1024,
Oct.,
Number
of deposits during year, 27,071,
Number
of
2\i%
$01,777 16
95,202 95
1,449,173 99
1024, 2]4%
to (accounts opened 1,836)
amounting
$1,636,214 40
1,379,296 31
withdrawals during year, 14,847, amounting to (accounts closed 1,355)
Net increase
in
amount due depositors (accounts increased 481)
$256,017 50
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Par Value
$105,000 United States 4}£s
110,000 U. S. Treas. Notes 4%s
Louis.
Louis.
.
Railroad Bonds
$15,000 Baltimore & Ohio 4s
30,000 Baltimore & Ohio 4}^s
45,000 Bangor & Aroostook 5s
5,000 Boston & Albany 33^s
55,000 Boston & Albany 4s
35,000 Boston & Albanv 5s
5,000 Boston & Lowell 4s
20,000 Chi., Mil. & St. P. 4^s
15,000
1,000
12,000
15,000
25,000
15,000
10,000
&
&
Nash. 4s
Nash. 5s
Maine Central 4>^s
Maine Central 5s
Mich.
Air
Ct.-Mich.
Line 4s
15,000 Minn., St. P. & S. Ste.
$0,000
28,000
20,000
15,000
15,000
& St. P. 5s
Chi. & Northwest. 4s
Chi. & Northwest. 6s
Detroit & Bav City 5s
Chi., Mil.
Fitchburg 4J^s
Illinois Central 4s
Illinois Central 5s
M.
15,000
10,000
10,000
15,000
15,000
10,000
20,000
25,000
1,000
10,000
27,000
15,000
20,000
Street Railway Bonds
Par Value
$15,000 Boston Elevated 4s
25,000
West End 4J4s
Telephone Company Bonds
$80,000
Am.
Tel.
&
Tel. Co. 5s
4s
Mobile &Montgom.43^s
Montana Central
6s
Nash., Flor. & Shef. 5s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 4^s
N. Y., N. H. & H. 3J^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 4}^s
No. Pacific 6s
Pennsylvania 4M>s
Portland Terminal 4s
St. Louis, Peoria
& Nw.
Boston Terminal Co. Bonds
$15,000 Boston Terminal 334*
Bank Stocks
Shs.
100
16
175
150
230
70
9
100
American Trust Co., Boston
Eliot Nl. Bk., Boston, in liq.
First National Bk., Boston
Merchants Nl. Bk., Boston
Nl. Shawmut Bk.. Boston
Old Colonv Trust Co., Boston
Second Nl. Bk., Boston
Framingham Nl. Bk.
FRANKLIN — BENJAMIN FRANKLIN SAVINGS BANK
Incorporated February 20, 1871.
Horace W. Hosie, President.
William S. Johnson, Clerk of
Number
of corporators,
37
George H. Staples,
the Corporation.
Maud
1'reasurer.
C. Lincoln, Assistant Treasurer.
Board of Trustees: J. G. Bourbeau, W. C. Buchanan, J. E. Carpenter,! F. P. Chapman,* A. B. Chilson,
O. T. Doe,* J. F. Geb,* G. W. Gilmore,* G. H. Grant, H. W. Hosie, *t W. S. Johnson,! A. C. Mason.
C. J. Murphy,* A. W. Peirce, C. A. R. Ray, Marston Sanborn, Leroy Stott, A. D. Thayer,* Joseph
Vena, L. H. Ware.
.
Deposits draw interest from first day of each month; dividends are payable January 15 and July 15.
Business hours: 9 a.m. to 4 p.m.; Wednesdays, 9 a.m. to 1 p.m.
Board
of Investment.
f Auditing
Committee.
—
P. D.
8,
Part
95
I.
STATEMENT OF CONDITION, OCTOBER
31,
Liabilities
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Furniture and fixtures
Real estate by foreclosure, etc. (as-
$263,158
265.370
34,568
31,645
26
50
00
00
Deposits (4,360 accounts, average,
$389.72)
Surplus:
a. Guaranty fund (3.28% of de-
10,000
4,910
969,003
214,215
1,154
00
00
00
00
90
b. Profit and loss
Interest, les3 current expenses
55,814
39,938
13,314
22,295
.
Discount unearned
.
13
22
01
30
1,271 80
sessed value, $2,000)
Taxes, insurance, etc., paid on
mortgaged properties
Other assets
Due from banks and trust com-
88 18
58 36
.
32,872 97
2,216 05
panies
Total Assets
$1,699,170 36
posits)
.
Cash and cash items
1924
....
Total Liabilities
$1,830,532 02
$1,830,532 02
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
Advertising
$540.00
$4,341. .50
$2,665.73
paid for
2.37
.29
1.46
Cost per $1,000 of assets
rent
tax
and
assets
State
of
not
including
per
$1,000
Cost
Gross income received during the year, $89,994.06.
Amount
$133.82
.
.
.07
Rates on Investments and Loans (Average on
All,
5%,
Other Expenses
$2,160.60
1.19
Total
19,841.65
5.38
3.63
5.27%)
5H%, $212,500; 6%,
$691,503.
(average
$4,371.73
rate,
averaging
loans,
4.89%);
$10,000;
$10,000;
personal
4%,
49
4M%.
2 %. $45,000;
4%%, $10,000; 4*5%, $5,000; 5%, $95,500; b%%, $19,500; 5)4%, $9,000; 6%, $10,215.
amount
invested,
(average
rate
on
4.54%).
etc.
stocks,
Bonds,
Number of loans not over $3,000 each, 278, amounting to $416,450.
55 real estate loans made during year, amounting to $160,950.
848
real estate loans,
averaging $2,784.49 (average rate, 5.82%);
$65,000;
W
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2\4%
2^%
....
....
$34,321 27
35,839 3S
371,014 58
during year, 6,197, amounting to (accounts opened 457)
$441,175 23
337,359 54
withdrawals during year, 3,044, amounting to (accounts closed 345)
Net increase
in
amount due depositors (accounts increased
$103,815 69
112)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$247,200 United States 4^9
10,000 U. S. Treas. Notes 4%s
10,000 Los Angeles, Cal., 5s
5,000 Franklin 4s
Railroad Bonds
Baltimore & Ohio 33^s
Baltimore & Ohio 4s
Bangor & Aroostook 5s
Bennington & Rut. 4Hs
Boston & Albanv 3J^s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
Boston & Maine 4^9
$5,000
25,000
6,000
10,000
10,000
5,000
5,000
10.000
10.000
10,000
Boston, R. B.
4^9
& Lynn
Par Value
$10,000
10,000
25,000
5,000
5,000
8,000
10,000
10,000
5,000
10,000
5,000
10,000
10,000
10,000
10,000
10,000
5,000
20,000
5,000
Chi., Mil.
Chi., Mil.
&
&
St. P. 4s
St. P.
4^s
Fitchburg 4s
Fitchburg 5s
Illinois Central 3s
Illinois Central 3^9
Illinois Central 4s
Maine Central 4J^9
Michigan Central 3^9
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^9
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Northern Pacific 5s
Pennsylvania 4^s
Sioux Citv & Pac. 3^9
Upper Coos 4J^s
Washington Co. 3^3
Street Railway Bonds
Par Value
$5,000 Boston Elevated 4^9
10,000 Boston Elevated 5s
10,000
10,000
West End 5s
West End 6^9
Telephone Company Bonds
$20,000 Am. Tel. & Tel. Co. 4s
15,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany bonds
$10,000 Wore. Gas Lt. Co.
Bank Stocks
g n3
37 Franklin Nl. Bk.
12 Nl. Bk. of Wrentham
5^3
—
96
P. D.
GARDNER — GARDNER SAVINGS BANK
Incorporated
May
26, 1868.
Number
of corporators,
John D. Edgell, President.
Henry
F.
Howe,
8,
Part
I.
48
Francis S. Whittemore, Treasurer.
Fred M. Gordon, Assistant Treasurer.
Clerk of the Corporation.
Board of Trustees: A. W. Bancroft,! C. L. Bent, E. L. Brooks,* B. J. Brown, D. R. Collier * A. P.
Derby, J. D. Edgell,* F. M. Favor,* M. P. Greenwood, S. H. Hartshorn, Seth Hevwood, O. A.
Hoban,* H. F. Howe.f H. E. Mountain, C. F. Richardson, f E. G. Watkins, W. H. Wheeler, F. S.
Whittemore.
Deposits draw interest from first business day of each month; dividends are payable January 1 and July 1.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Mondays, 5 to 8 p.m., for deposits
only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
on
Loans
real
estate
(less
$50,620.31) due thereon
Loans on personal security
$931,930 77
626,959 96
102,680 75
19,761 90
48,620 00
5,080,055 46
1,208,846 50
67,064 00
....
$7,514,140 88
23,036 75
Guaranty fund
a.
(4 .84% of de-
....
....
Profit and loss
Interest, rents, etc.,
b.
expenses
Other liabilities
less
364.500 00
261,431 24
current
173,456 69
260 78
101,917 00
8,259 96
panies
Total Assets
.
Surplus:
26 86
405 93
.
Other assets
Due from banks and trust com-
Cash and cash items
Deposits (14,264 accounts, average,
$526.79)
Christmas and other club deposits
posits)
71,097 25
69,200 00
.
building (est. val., $160,000)
Taxes, insurance, etc., paid on
mortgaged properties
1924
Liabilities
.
Bank
31,
$8,336,826 34
Total Liabilities
$8,336,826 34
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
paid for
$7,793.17 $22,629.01 $4,080.00
2.71
Cost per $1,000 of assets
.94
.49
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $448,652.58.
.
.
$1,683.26
Other Expenses
$5,939.71
.20
Rates on Investments and Loans (Average on
All,
Total
$42,125.15
5.05
3.62
.71
5.70%)
1,046 real estate loans, averaging $4,861.30 (average rate, 6.02%); 5%, $54,134; 6%, $4,872,471; 6>$%,
$30,000; 7%, $123,450.
446 personal loans, averaging $2,710.42 (average rate, 5.82%); 4J^%, $60,000; 4%%, $20,000; 5%,
l
$61,000; 5X%, $45,000; 5)4%, $50,906; 6%, $937,407; 6 A7o,
$33,198; 7%, $1,335.
Bonds, stocks, etc. (average rate on amount invested, 4.74%).
Number of loans not over $3,000 each, 1,118, amounting to $1,307,033.65.
170 real estate loans made during year, amounting to $776,504.97.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 22,159,
Number
of
Net
2^%
2Y %
July, 1924,
2
to (accounts opened 1,541)
.
amounting
...
withdrawals during year, 12,440, amounting to (accounts closed 1,347)
increase in
*
Board
amount due depositors (accounts increased
of
Investment.
.
.
.
$165,720 71
176,016 03
1,768,369 81
$2,110,106 55
1,450,439 13
$659,667 42
194)
t
Auditing Committee.
—
P. D.
8,
Part
97
I.
SCHEDULE OF SECURITIES OWNED
Public Fund*, Bonds
Par Value
$600 United States 3J^s
639,050 United States 4Ms
200,000 U. S. Treas. Bonds 4 Ms
100,000 U. S. Treas. Notes 4%s
Par Value
$4,000
20,000
10,000
25,000
10,000
25,000
101,000
25,000
10,000
10,000
20,000
5,000
10,000
15,000
Railroad Bonds
$10,000 Atch., Top. & S. Fe 4s
28,000 Baltimore & Ohio 4s
25,000 Baltimore & Ohio 4^s
40,000 Bangor & Aroostook 5s
35,000 Boston & Maine 4s
25,000 Boston & Maine 4j^s
10,000
1,000
5,000
35,000
10,000
25,000
25,000
Boston, R.B.& Lynn 4 Hs
Central R. R. of N. J. 5s
Central of Georgia 5s
&
Chi., Mil.
&
Nash. 5s
Maine Central 4>£s
Mich. Cent. Air Line 4s
Nash., Chatt. & S. L. 5s
Nash., Flor. & Shef. os
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 4s
No. Maine "Seaport 5s
Old Colony 4s
Portland & Rum. Falls 4s
Portland Terminal 4s
San Fran. & San J. Val. 5s
Sullivan County 6s
Upper Coos 4s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4J^s
Eastern Mass. 4Hs
St. P. 5s
$15,000
25,000
45,000
25,000
&
Northwestern 5s
Cleveland Short Line 4 Hs
Delaware & Hudson 4s
30,000 Fitchburg 4s
Chi.
Louis.
25,000 Illinois Central 3J^s
25,000 Illinois Central 4s
10,000 Lake Shore & Mich. So. 4s
West End
os
Telephone Company Bonds
$50,000 Am. Tel. & Tel. Co. 4s
Boston Terminal Co. Bonds
Par Value
$20,000 Boston Terminal 3^s
Gas, Electric and Water
Com-
pany Bonds
$50,000 N. E. Power Co. 5s
25,000 Turners Falls P. & E. Co.
5s
Bank Stocks
Shs.
18 Millers River Nl. Bk., Athol
90 First Nl. Bk., Boston
20 Merchants Nl. Bk., Boston
30
196
100
34
Fitchburg Bank
&
Trust Co.
First Nl. Bk., Gardner
Orange Nl. Bk.
Crocker Nl. Bk., Turners
Falls
171 First Nl. Bk., Winchendon
33 Merchants Nl. Bk., Worcester
GEORGETOWN — GEORGETOWN SAVINGS BANK
Incorporated
May
26, 1868.
Number
of corporators, 36
Lewis H. Bateman, President.
Sylvester A.
Lewis H. Giles, Clerk of
Donoghue
Treasurer.
the Corporation
Board of Trustees: W. E. Atkinson, L. H. Bateman, D. F. Bucklev, G. F. Carleton, S. A. Donoghue,*
L. H. Giles.f F. H. Harriman.f H. E. Harriman,* M. L. Hoyt.f F. P. Hull, R. F. Metcalf, G. W.
Noyes, H. H. Noyes,* H. E. Perkins, C. E. Tyler.
Deposits draw interest from fifteenth day of each month; dividends are payable the twentieth day of
April and October.
Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 12 m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Federal Land Bank bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Real estate by foreclosure {as.
1924
31,
Liabilities
$171,022
197,383
35,850
14,135
10,000
.')()
85
00
00
00
7,400 (10
382,431 10
15,459 83
Deposits (1,679 accounts, average,
$472.69)
Surplus:
a. Guaranty fund U-90% of de-
$793,657 91
38,925 00
32,598 72
9 13
posits)
b. Profit and loss
Interest, less current expenses
5,670 99
sessed value, $5,900)
insurance, etc., paid on
mortgaged properties
Due from banks and trust com-
Taxes,
.
panies
472 32
24,153 33
Cash and cash items
Total Assets
....
1,211 S4
$865,190 76
Total Liabilities
$865,190 76
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
paid for
$275.00
$1,115.05
$2,278.20
Cost per $1 ,000 of assets
2 63
.32
1 29
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $43,508.13.
.
.
.
Advertising
$28.96
.03
Other Expenses
$514.66
Total
$4,211.87
4 87
3.26
.60
.
Rates on Investments and Loans (Average on AH, 5.24%)
311 real estate loans, averaging $1,229.68 (average rate, 6%); 6%, $381,581; 63^%, $100;
3 personal loans, averaging $5,153.27 (average rate, 3.60%); 3.60%, $15,000.
Bonds, stocks, etc. (average rate on amount invested, 4.63%).
Number of loans not over $3,000 each, 296, amounting to $305,990.93.
22 real estate loans made during year, amounting to $27,425.
*
Board
of Investment.
7%,
t Auditing Committee.
$150.
—
P. D.
8,-
Part
I.
Dividends, Deposits and Withdrawals
x
Ordinary dividends declared during year: April, 1924, 2 /i%
Oct.,
Number
of deposits during year, 1,382,
Number
of
Slfj.712 69
1924, 2\i%
to (accounts opened 137)
17,033 82
92,865 37
amounting
$126,611 88
102,165 12
withdrawals during year, 1,159, amounting to (accounts closed 139)
Net increase
in
amount due depositors (accounts decreased
$24.44ti
2)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000 U. S. Treas. Notes 4^s
40,000 U. S. Treas. Notes 4%s
85,000 United States 4^s
3,500 Brockton 5^3
5,000 New Bedford 4s
4,000 Georgetown 4s
3,000 Revere 5>£s
2,500 W. & S. Acton 4s
Public Funds, Notes
$5,000 Georgetown 4}^s
1,000 Georgetown
$15,000
10,000
5,000
8,000
5,000
5Hs
Par Value
$2,000
5,000
10,000
10,000
10,000
5,000
15,000
10,000
14,000
4,000
6,000
10,000
5,000
Par Value
Boston
10,000
5,000
2,000
10,000
5,000
10,000
15,000
$3,000 Upper Coos 4s
4,000 Upper Coos 4^3
& Northwestern 5s
Delaware & Hudson 4s
Street Railway
Chi.
Fitchburg 4Illinois Central 3s
Illinois Central 3Ms
Illinois Central 4s
Louis. & Nash. 5^3
Louis. & Nash. 5s
Maine Central 4^s
Minn., St. P. & S. Ste.
M.
Railroad Bonds
Baltimore and Ohio 4s
Bennington & Rutl. 4}/£s
Boston & Albany 3^s
Boston & Albanv 4a
Boston & Maine 4s
& Maine 6s
& Southern 4s
& St. P. 4Hs
Chi., Ind.
Chi., Mil.
4^3
1,000 Lvnn & Boston 5s
1,000 Prov. & Taunton 6s
5,000 Springfield & Eastern 7s
4,000 Wore. & Southbridge 7s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$16,000
5a
N. Y. C. & H. R. 4s
N. Y. & N. E. Term. 4s
N. Y., N. H. & H. 4s
Northern Pacific 6s
Old Colony 4s
Pennsylvania 4}^s
Portland Term. Co. 4s
Bonds
$25,000 Boston Elevated
Land Banks, Bonds
Omaha 4^s
Federal
$10,000
Bank
Stocks'
Shs.
55 Georgetown Nl. Bk.
20 First Nl. Bk., Ipswich
GLOUCESTER — CAPE ANN SAVINGS BANK
Number
Incorporated April 15, 1846.
of corporators, 91
Daniel T. Babson, Treasurer.
Lincoln S. Simonds, President.
George W. Thurston, Clerk of the Corporation.
Conrad R. Hanson,
Assistant Treasurer.
Board of Trustees: D. T. Babson,* E. W. Babson, F. A. Barker.* S. P. F. Cook,* J. J. Egan, E. S. Griffin,
W. E. Kerr.f F. C. Pearce.t G. H. Perkins, J. J. Pew,*t E. L. Phillips,* L. S. Simonds, G. O. Stacy,
F. H. Tarr, F. S. Thompson.
Deposits draw interest from the first business dav of each month; dividends are payable April 1 and October 1. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m., 6.30 to 8.30 p.m. During
August, close 1 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Federal Land Bank bonds
Bank and trust company stocks
Securities acquired for debts
(less
estate
real
on
Loans
$60,234.27 due thereon)
Loans on personal securitv
Bank building (est. vol., $100,000)
Real estate by foreclosure, etc., (as
sessed value, $33,850)
Taxes, insurance, etc., paid on
mortgaged properties
Due from banks and trust com
.
.
.
31,
1924
Liabilities
$1,165,158
494,406
102,900
91,110
75
25
00
00
20,000
20,000
34,790
5,053
00
00
00
00
Deposits (9,909 accounts, average,
!
UZ2.01)
Christmas and other club deposits
Surplus:
a.
....
Guaranty fund (4-91%
posits)
$5,172,587 33
41,126 50
of de
255,998 75
232,612 28
32,281 51
3,260 42
3,733 50
Profit and loss
Interest, less current expenses
b.
.
Discount unearned
Other liabilities
.
3,126,187 49
502, 167 92
61,000 00
14,540 33
49 6S
88,729 69
15,507 18
panies
Cash
$5,741,600 29
Total Assets
*
Board
of
Investment.
Total Liabilities
t Auditing
$5,741,600 29
Committee.
P. D.
8,
Part
99
I.
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
$1,824.30
.
.32
Rates on Investments and Loans (Average on
666
6%,
4%,
averaging $4,693.98 (average rate, 5.99%);
real estate loans,
6^%,
$3,041,464;
Other Expenses
$6,012.55
1.04
Advertising
$18,661.60
$5,624.88
paid for
3.25
.98
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $308,929.15.
Amount
All,
$8,400;
Total
$32,123.33
5.59
4.61
5.53%)
5%,
$8,525;
5J^%, $38,899;
$28,900.
128 personal loans, averaging $3,923.19 (average rate, 5.02%);
4%, $66,500; 4M%, $80,000; 4^%.
$20,000;
4%%, $77,000; 5%, $50,833; 5^%, $85,000: 6%, $122,835.
Bonds, stocks, etc. (average rate on amount invested, 4.91%).
Number of loans not over $3,000 each, 574, amounting to $622,392.23.
91 real estate loans made during year, amounting to $889,685.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
2%%
2M%
....
....
Number
1924,
of deposits during year, 17,081, amounting to (accounts opened 949)
Number
of
Oct.,
$105,911 26
108,702 72
1,055,240 40
$1,269,854 38
934,245 39
withdrawals during year, 9,968, amounting to (accounts closed 893)
Net increase
in
amount due depositors (accounts increased
$335,608 99
56)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000 U. S. Treas. Notes 4^9
176,200 U. S. Treas. Notes 4^s
20,000 U. S. Treas. Notes 4^gs
161,500 U. S. Treas. Notes 4%s
303,600 United States 4)^9
10,000 Oregon 6s
4,000
5,000
5,000
5,000
20,000
10,000
13,S50
5,000
15,000
25,000
10,000
10,000
15,000
10,000
20,000
4,000
4,000
4,000
4,000
20,000
10,000
2,000
3,400
6,000
16,000
10,000
10,000
10,000
15,000
7,000
2,000
7,000
10,000
2,000
2,000
3,000
15,000
3,000
10,000
5,000
Arlington 4^s
Attleboro 4s
Beverly 4s
Brockton 4^s
Buffalo, N. Y.. 7s
Canton, O., 5s
Canton, O., 6s
Decatur, 111. 5s
Des Moines, la., 5s
Detroit, Mich., 6s
4%s
I.,
4s
Everett 4Ms
Fall River 4^3
Fall River 5s
Flint, Mich., 5s
Franklin 4s
$10,000
10,000
25,000
20,000
50,000
5,000
10,000
10,000
15,000
30,000
20,000
Gardner 6s
Greenfield
5^3
Hamilton, O., 6s
Hammond,
Ind., 6s
Indianapolis, Ind., 6s
Jackson, Mich.. 5s
Lakewood, O., 5^s
Lawrence 4s
Leominster 5s
Leominster 5Hs
Lorain, O.,
Bedford 4s
Bedford 4^9
Omaha, Neb., 4*^s
Rockport 4 }4»
Spokane, Wash., 5s
Springfield, O., 6s
Toledo, O., 6s
Wakefield 4s
W. Bridgewater 6s
Woburn
5s
Worcester 43^s
Worcester 5s
$10,000 Northborough 3j^8
Davton, O., 5s
DaVton, O., 5^9
E. Providence, R.
New
New
Par Val
$10,000
20,000
10,000
5,000
25,000
10,000
No. Maine Seaport 53
No. Pacific 6s
Old Colony 4s
Pennsylvania 4J^s
Pennsylvania 5s
Pine Creek 6s
1,000 Ports., Gt. F. & Con. 4)^3
10,000 San Fran. & San J. Val. 5s
5,000 Spokane Falls & No. 6s
10,000 So. Pacific 4s
10,000 St. J. & L. C. 5s
10,000 St. P., Minn. & Man. 6s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 5s
Eastern Mass. 4Hs
Lvnn & Boston 5s
Western Mass. 5s
Wore. Consolidated 4H*
Public Funds, Notes
Chicopee, 434s
Cleveland O., 5s
Cleveland, O., 6s
Duluth Minn.,
Par Value
$15,000
10,000
10,000
6,000
5,000
5,000
10,000
11,850
10,000
8,000
4,000
7,000
5Ms
Lowell 4Jis
Lowell 4J/£s
Mansfield, 4s
Marlborough 4s
Marlborough 4%s
Milwaukee, Wis., 6s
Minneapolis, Minn., 4s
Railroad Bonds
Baltimore & Ohio 3^9
Baltimore & Ohio 4s
Baltimore & Ohio 4^9
Baltimore & Ohio 5s
Boston & Albanv 4s
Central R.R. of N. J. 5s
B. & Q. 3Hs
& St. Paul 5s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Chi. ,St.P., Minn. &Oma.
6s
Fre., Elk. & Mo. Val. 6s
Holvoke & Westfield 4Ms
Illinois Central 4s
Lake Shore & Mich. So. 4s
Louisville & Nashville 5s
Louisville & Nashville 6s
C,
Chi., Mil.
10,000
10,000
22,000
10,000
10,000
12,000
20,000 Maine Central 43^s
3,000 Mich. Cent.-D. & B. City
1,000
10,000
10,000
10,000
20,000
25,000
10,000
5s
Mil., Lake Shore & West.
6s
Mil., Sparta & North. 4s
Mobile & Ohio 6s
Montana Central 6s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
Norfolk & Western 6s
$10,000
25,000
25,000
10,000
10,000
25,000
Telephone Company Bonds
$40,000 Am. Tel. & Tel. Co. 4s
35,000 Am. Tel. & Tel. Co. 5s
25,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 N. E. Power Co. 5s
10,000 Wore. Gas. Lt. Co. 5^3
Federal Land Bank Bonds
$10,000 Berkeley 5s
5,000 Houston 4^9
5,000 St. Paul
4%9
Bank Stocks
Shs.
100
50
30
26
61
Merchants Nl. Bk., Boston
Second Nl. Bk. Boston
Old Colonv Tr. Co., Boston
Web. & Atlas Nl. Bk., Boston
Cape Ann Nl. Bk., Gloucester
17 Gloucester Nl. Bk.
—
100
P. D.
GRAFTON — GRAFTON SAVINGS BANK
Incorporated
March
13, 1869.
Number
Francis Prescott, President.
Robert
Leonard, Clerk of
S.
of corporators,
Oliver
8,
Part
I.
46
M. Wing,
Treasurer.
Katherine A. Dodge, Assistant Treasurer.
the Corporation.
S. Allen, Franz Anderson,* F. H. Clapp, S. L. Davenport, H. H. Daw, J. F. DonaFarnum, D. S. Fiske, Martin Hickey.t Edwin A. Howe, E. E. Howe,*f H. B. Johnson,
Leonard, Francis Prescott,* Hiram L. Reynolds,* L. M. Rice * C. B. Sartell, C. L. Seaburv.t
E. P. Usher, F. H. Warren.
Board of Trustees: F.
hue, Frederick
R.
S.
Di posits
draw
interest from first day of each month; dividends are payable January 15 and July 15.
Business hours: 9 a.m. to 12 m., 1.30 to 3 p.m.; Saturdays, 9 a.m. to 12 m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Securities acquired for debts
Loans on real estate
Loans on personal security
Bank building (est. val, $18,000)
Due from banks and trust com
.
$45,017
140,912
61,857
8,590
15,076
36
11,970
16,300
2
584,401
10,575
19,500
00
00
00
00
00
00
56
50
00
26
31, 1924
Liabilities
Deposits (1,476 accounts, average,
$567.64)
Surplus:
a. Guaranty fund (4.65% of de-
$837,697 19
38,930 00
33,813 24'
posits)
b. Profit and loss
Interest, rents, etc.,
.
less
current
expenses
13,076 03
7,261 94
2,052 84
panies
Cash and cash items
Total Assets
$923,516 46
Total Liabilities
$923,516 46
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
paid for
$783.13
$2,437.42
$500.00
.84
2.64
.54
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $47,758.43.
.
.
Advertising
$162.80
.18
Rates on Investments and Loans (Average on
Other Expenses
$2,238.69
2.42
All,
Total
$6,122.04
6.62
5.24
5.55%)
273 real estate loans, averaging $2,140.66 (average rate, 6%); 6%, $584,401.
22 personal loans, averaging $480.68 (average rate, 5.93%); 5%, $2,985; 6%, $2,950;
Bonds, stocks, etc. (average rate on amount invested, 4.68%).
Number of loans not over $3,000 each, 217, amounting to $269,866.
33 real estate loans made during year, amounting to $103,350.
6^%,
$4,640.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 1,877,
Number
of
Net
2J4%
July, 1924, 2\i%
to (accounts opened 150)
amounting
withdrawals during year, 1,114, amounting to (accounts closed 132)
increase in
*
Board
amount due
of
.
.
$17,009 74
17,790 01
165,377 38.
.
.
$200,177 13
144,307 17
depositors (accounts increased 18)
Investment.
$55,869 96
t
Auditing Committee.
—
P. D. 8 Part I
101
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$37,150 United States 4)^a
2,000 Ashland 4a
1,080 Grafton 4a
M.
10,000
10,000
26,000
15,000
5,000
Public Funds, Notes
$6,000 Grafton
$5,000
5,000
5,000
12,000
5,000
5,000
5,000
5,000
5,000
4Ms
$11,000
15,000
10,000
10,000
5,000
12,000
C, B. & Q. 4s
Chi. & Northwestern 5s
Delaware & Hudson 4s
Illinois Central 4s
Illinois
4^s
& S.
Par Value
Ste.
$6,000 Am. Tel. & Tel. Co. 4?
10,000 N. E. Tel. & T<1. Co. 5a
4s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 5s
West End
pany Bonds
$6,000 N. E. Power Co. 5s
6,000 Ded. & H. P. G. & E.
Co. 6s
Bank Stocks
4s
Wore. Consolidated
4^9
Shs.
6 Spencer Nl. Bk.
Boston Terminal Co. Bonds
$10,000 Boston Terminal
Central 5s
Com-
Gas, Electric and Water
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4J^s
Boston Elevated 6s
Eastern Mass. 4£s
Railroad Bonds
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Albany 5s
Boston & Maine 4s
Company Bonds
Telephone
Par Value
$20,000 Maine Central
10,000 Minn. St. P.
35 Worcester Bk. & Trust Co.
40 Merchants Nl. Bk., Worcester
3^3
GREAT BARRINGTON — GREAT HARRINGTON SAVINGS BANK
Incorporated February
1869.
3,
Number
of corporators, 36
Frank E. Giddings, President
Clarence R. Sabin, Treasurer.
Walter B. Sanford, Clerk of
the Corporation
of Trustees: J. C. Benton.f O. C. Bidwell, J. H. C. Church, A. S. Fassett,* C. M. Gibbs.t Charles
Giddings, F. E. Giddings,* R. O. Harper,* J. B. Hull, C. E. Piatt, T. E. Ramsdell, C. R. Sabin,
B. Sandford.f C. I. Sweet,* F. H. Turner.*
Board
W.
first day of each month; dividends are payable on and after the
January and July. Business hours: 9 a.m. to 12 m.; 1 to 3 p.m.
Deposits draw interest from
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
31,
first
day
of
1924
Liabilities
.
Bank building (est. val., $30,000)
Due from banks and trust com
$78,574
530,162
88,782
20,000
61,553
75
50
50
00
00
37,797
294,061
2,131,491
199,711
26,050
50
Deposits (6,153 accounts, average,
$529.98)
Surplus:
a.
Guaranty fund (A4%% of
$3,261,017 30
de-
....
posits)
144,200 00
78,517 03
64,459 94
b. Profit and loss
Interest, less current expenses
14
00
00
39
71,456 00
8,554 49
panies
Cash and cash items
Total Assets
Total Liabilities
$3,548,194 27
$3,548,194 27
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
.
.
$122.78
.
.
03
Rates on Investments and Loans (Average on
703 real
estate loans,
Other Expenses
$2,066.15
Advertising
paid for
$5,158.54
$8,712.00 $1,800.00
Cost per $1,000 of assets
1 46
2 45
Coat per $1,000 of asaeta not including State tax and rent
Grosa income received during the year, $180,864.56.
.58
All,
Total
$17,859.47
5.03
06
5.47%)
5%, $32,500; 5}4%, $731,881; 6%.
averaging $3,031.99 (average rate, 5.81%);
$1,367,110.
47 personal loans, averaging $4,249.17 (average rate, 5.91%);
$169,711.
Bonds,
5M%.
$10,000;
5^%,
$20,000;
(average rate on amount invested 4.75%).
Number of loana not over $3,000 each, 470, amounting to $609,627.
100 real estate loana made during year, amounting to $335,800
.stock*, etc.
*
Board
of Investment.
t
Auditing Committee.
6%,
—
P. D. 8, Part
102
I
Dividends, Deposits and Withdrawals
2%%
2M%
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits during year, 7,572,
Number
of
.
•
amounting to (accounts opened 544)
withdrawals during year, 4,001, amounting to (accounts closed 524)
Net increase
in
amount due
depositors (accounts increased 20)
SIS'), 3 SO
40
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$63,500 United States 43^s
1,000 Boston 4s
Par Value
10,000 Detroit, Mich., 5J^s
6,600 Great Barrington (F. D.)
Baltimore
Bangor &
Boston &.
Boston &
Boston &
&
Boston 5s
End
39
42
8
38
167
152
35
24
75
90
4s
Boston Terminal Co. Bonds
$20,000 Boston Terminal 33^s
Telephone Company Bonds
$68,000 Am. Tel. & Tel. Co. 4s
Railroad Bonds
$30,000
40,000
30,000
20,000
39,000
20,000
30,000
60,000
30,000
9,000
40,000
30,000
45,000
47,000
55,000
25,000
Shs.
$10,000 Lynn
10,000 West
& O. 4^s
Aroostook 5s
Albany 4s
&
10
Com-
pany Bonds
C,
C,
4^s
N. Y., N. H. & H. 3Hs
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Old Colony 4s
Washington Co. 3J^s
Street Railway Bonds
$44,000 Boston Elevated 4s
15,000 Hoosac Valley 4s
10,000 Leom., Shirley & Ayer 7s
City Nl. Bk., Holyoke
Holyoke Nl. Bk.
Park Nl. Bk., Holvoke
Lee Nl. Bk.
Leominster Nl. Bk.
Manufacturers Nl. Bk., Lynn
XL Bk. of Methuen
30 Monson Nl. Bk.
7 First Nl. Bk., New Bedford
Tel. Co. 5s
Gas, Electric and Water
Lowell 4s
Maine 4s
Boston & Maine 43^s
B. & Q. 3Hs
B. & Q. 4s
Chi., Mil. & St. Paul
Conn. River 4s
Fitchburg 4s
2,000 N. E. Tel.
Nl. Mahaiwe Bk., Gt. Bar.
First Nl. Bk., Greenfield
Franklin Co. Tr. Co.,Gr'nfi'ld
First Nl. Bk., Haverhill
$7,000
5,000
11,000
15,000
32 First Nl. Bk., Northampton
67 No. Adams Nl. Bk.
Lawrence Gas Co. 7s
N. E. Power Co. 5s
Pittsfield Elec.
19
Co. 6s
Wore. Gas. Lt. Co.
Warren
Nl. Bk.,
Peabody
23 Old Colony Nl. Bk., Plv.
10 Nl. Mt. Woll. Bk., Quincy
11 Fram. Nl. Bk., Framintrliam
23 Spencer Nl. Bk.
110 Chapin Nl. Bk., Springfi'd
125 Chicopee Nl. Bk., Springfi'd
5^s
Bank Stocks
Shs.
6 First Nl. Bk. Adams
60 Beverly Nl. Bk.
20 Com. Security Nl. Bk., Bos.
14 Nl. Union Bk., Boston
10 Bristol Co., Tr. Co.,
Taunton
39 Crocker Nl. Bk., T urners Falls
15 Blackstone Nl. Bk., Uxbridge
46 Ware Trust Co.
50 Exchange Trust Co. Boston
200 Nl. Shawmut Bk., Boston
50 Home Nl. Bk., Brockton
100 Fitchburg Bank & Trust Co.
12 Franklin Nl. Bk.
Winchendon
10 First Nl. Bk.,
50 Merchants Nl. Bk., Wore.
25 First Nl. Bk., Westfield
50 Waltham Nl. Bk.
GREENFIELD — FRANKLIN SAVINGS INSTITUTION
Incorporated April
2,
1834.
Number
of corporators,
Charles Allen, President.
36
W. Nims,
Charles
Treasurer.
Charles N. Stoddard, Clerk of the Corporation
Board of Trustees: J. D. Abercrombie.f Charles Allen,* Franklin Allen, P. H. Ball.t J- W. Ballard. J. E.
Donovan,* Frank Gerrett, W. E. Nichols, C. W. Nims, Lucius Nims,* F. H. Payne,* R. E. Prav.t
C. D. Severence, J. W. Stevens,* C. N. Stoddard, F. N. Thompson, F. E. Wells.
Deposits draw interest from
first day of each month; dividends are payable January
ness hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $21,500
due thereon)
Loans on personal security
.
....
Bank building (est. val., $100,000)
Due from banks and trust com
panies
Total Assets
1.
Busi-
1924
Liabilities
$754,430 63
1,885,372 50
246,087 50
156,956 25
Deposits (17,199 accounts, average,
$566.73)
Surplus:
a.
Guaranty fund (4-97%
$<\747,3'32 01
of de-
....
posits)
50.000 00
49,100 00
3,800 00
b. Profit and loss
Interest, less 7 current expenses
485,000 00
394,786 49
and
(17,747 69
taxes
5,500,195 75
1,791,317 63
50,000 00
$10,694,866 19
of
and July
199,224 89
8,381 04
Cash and cash items
*Board
31,
1
Investment.
Total Liabilities
f
$10,694,866 19
Auditing Committee.
P.
D.
8,
Part
103
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
-
$539.75
$23,333.75
$18,908.39
paid for
2.18
1.77
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $522,895.40.
.
.
-
Other Expenses
$7,762.61
Total
$50,544.50
4.72
.72
.05
2.95
Rates on Investments and Loans (Average on
All, 5.24)
1,205 real estate loans, averaging $4,564.47 (average rate, 5.50%); 534%, $5,500,196.
349 personal loans, averaging $5,132.72 (average rate, 5.41%); 5%, $211,650; 5^%, $75,000;
$340,000; 5V2 %, $1,046,664; 6%, $118,000.
Bonds, stocks, etc. (average rate on amount invested, 4.69%).
Number of loans not over $3,000 each, 1,068, amounting to $1,513,723.88.
204 real estate loans made during year, amounting to $812,230.
5M%.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 21,610.
Number
of
2*4%
$206,545 36
2M%
211,001 79
1,491,278 59
July, 1924,
to (accounts opened 1,550)
amounting
•
$1,908,825 74
1,591,475 13
withdrawals during year, 12,259, amounting to (accounts closed 1,142)
Net increase
in
amount due
$317,350 61
depositors (accounts increased 408)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$100,000
555,000
25,000
25,000
30,000
25,000
Par Value
Treas. Bonds 4Ms
U. S.
United States 434s
U. S. Treas. Notes
Chicago, 111., 434s
Dayton, O., 5s
Seattle, Wash., 5s
4%s
Public Funds, Notes
$170 Leyden 434s
6,000 Northfield 434s
9,000 South Deerfield (W. D.)
4s
$50,000
33,000
25,000
25,000
75,000
100,000
200,000
25,000
50,000
Railroad Bonds
Baltimore & Ohio 434s
Boston & Albany 4s
Boston & Albanv 5s
Boston & Lowell 5s
Boston & Maine 4s
Boston & Maine 434s
C,
B.
&
Q. 4s
Chi., Mil.
Chi., Mil.
&
&
St. P. 434s
St. P., 5s
$25,000
100,000
25,000
25,000
25,000
76,000
25,000
35,000
150,000
30,000
50,000
25,000
100,000
50,000
100,000
&
&
Northwestern 4s
Northwestern 5s
Chi., R. I. & Pac. 4s
Cleve. Short Line 434s
Conn. & Pass. Riv's 4s
Fitchburg 4s
Fitchburg 434s
Fitchburg 5s
Chi.
Chi.
Illinois
Illinois
Central 4s
Central 5s
Kal., Alleg. & G. R. 5s
Louisville & Nashville 6s
Maine Central 434s
Maine Central 5s
Lake Shore
Mil.,
New England
25,000 West
End
6s
Telephone Company Bonds
$125,000 Am. Tel. & Tel. Co. 4s
25,000 Am. Tel.
20,000 N.E. Tel.
&
&
Tel. Co. 5s
Tel. Co. 5s
Gas, Electric and Water
4s
N. Y. C. & H. R. 5s
N. Y. & N. E. 4s
N. Y., N. H. & H. 4s
No. Pacific 434s
No. Pacific 6s
Pennsylvania 434s
Pennsvlvania 5s
Portland & Ogdensburg
4343
Com-
pany Bonds
&
West. 5s
50,000
25,000
50,000
225,000
25,000
25,000
50,000
75,000
25,000
Street Railway Bonds
Par Value
$100,000 Boston Elevated 4s
50,000 Boston Elevated 434s
50,000 Eastern Mass. 434s
28,500 Eastern Mass. 6s
$25,000 Lawrence Gas Co. 7s
25,000 N. Bed. Gas & Ed. Lt.
Co. 5s
Bank Stocks
Shs.
34 Web. & Atlas Nl. Bk., Boston
300 First Nl. Bk., Greenfield
25 Franklin Co. Tr. Co., Gr'nf'd
6 North Adams National Bk.
45 First Nl. Bk., Northampton
GREENFIELD — GREENFIELD SAVINGS BANK
Incorporated March 19, 1869.
Number
of corporators, 20
Eugene B. Blake, President.
William F. Aiken, Treasurer.
[Samuel D. Conant, Clerk of the Corporation
Board of Trustees: W. F. Aiken, W. B. Allen,* W. S. Allen,* E. B. Blake,*t S. D. Conant, C. L. Field.t
R. W. Hunter, C. H. Keith,* G. C. Lunt,* J. H. Sanderson, G. A. Sheldon,! F. L. Whitmore.
Deposits draw interest from first day of each month; dividends are payable January
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.
*
Board
of
Investment.
t Auditing
1
and July
Committee.
1.
—
P. D. 8, Part
104
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes3
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Loans
on
real
estate
(less
$17,580.48 due thereon)
Loans on personal security
Due from banks and trust com-
$280,751
589,765
49,000
54,000
$2,
.
....
....
posits)
I.
1924
Liabilities
Deposits (3,900 accounts, average,
$542.08)
Christmas and other club deposits
Surplus:
a. Guaranty fund (5.03% of de-
19
00
00
00
918,885 4t
399,797 71
....
panies
31,
114,135 27
27,494 75
107,638 96
76,605 56
25,047 37
b. Profit and loss
Interest, less current expenses
51,096 81
7,625 75
Cash and cash items
Total Assets
Total Liabilities
$2,350,921 91
$2,350,921 91
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
paid for
$5,067.07
$8,277.59
$1,215.00
Cost per $1,000 of assets
2.16
3.52
.52
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $118,545.02.
.
$1,599.37
.68
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$18,666.50
7.94
5.26
$2,507.47
1.06
5.27%)
real estate loans, averaging $2,751.15 (average rate, 5.50%); 5}4%, $910,035.45; 6%, $8,850.
105 personal loans, averaging $3,807.59 (average rate, 5.79%) 5%, $9,515; 5)4%, $152,487: 6%, $237,796.
Bonds, stocks, etc. (average rate on amount invested 4.84%).
334
;
Number
44
of loans not over $3,000 each, 336, amounting to $418,146.92.
real estate loans made during year, amounting to $138,500.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
234%
2M%
....
$45,627 18
46,424 41
291,470 07
during year, 2,727, amounting to (accounts opened 262)
$383,521 66
334,657 04
withdrawals during year, 1,920, amounting to (accounts closed 313)
Net increase
in
amount due depositors (accounts decreased
$48,864 62
51)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$70,600 U. S. Treas. Notes 4%s
30,000 U. S. Treas. Notes 4*4s
115,250 United States 434s
Public Funds, Notes
$60,550 Franklin Co. 5s
5,000 Colrain (F. D.) 4s
Railroad
Par Value
$50,000 Boston &
25,000 Boston &
25,000 Boston &
50,000
47,000
52,000
7,000
23,000
76,000
50,000
C. B.
Oliver E. Eldredge, President.
Joseph K. Robbins, Clerk of the Corporation.
Board
Par Value
$50,000 N. Y. C. & H. R. 4a
110,000 X. Y., X. H. & H. 4s
50,000 Xo. Pacific 6s
50,000
Illinois
Mil.,
W.
Va.
&
Pitts. 4s.
Q. 4s
Northwestern 5s
Northwestern 6s
Fitchburg 4s
Harlem Riv. & Pt. Ch. 4s
Chi.
Chi.
HARWICH — CAPE COD
Incorporated March
&
&
&
Bonds
Maine 3s
Maine 4s
Maine 4>^s
l
Central S As
Lake Shore & W.
5s
Street Railway Bonds
$50,000 Lynn & Boston 6s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4?
$60,000
FIVE CENTS SAVINGS
16, 1855.
Number
of corporators,
BANK
35
Ralph H. Snow, Treasurer.
Ida
M. Taylor,
Assistant Treasurer.
T. B. Baker, H. K. Cummings,* Jonathan Eldredge, O. E. Eldredge,* Cyrenus Ellis.
C. L. Goodspeed, A. R. Howes, John Kenrick.* W. M. Knowles.* G. H. Nickerson, 2d, J. A. Nickerson.t F. H. Perry, J. K. Robbins.f Z. H. Small, *f R. H. Snow.
of Trustees:
Deposits draw interest from second Wednesday of each month; dividends are payable second Wednesday
of April and October.
Business hours: 9 a.m. to 3 p.m.; Saturdays. 9 a.m. to 1 p.m.
*
Board
of Investment.
t Auditing
Committee.
—
P. D. 8, Part
105
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and note.*
Railroad bonds and notes
Street railway bonds
$137,023
460,095
44,906
22,700
building
posits)
•if-'.
.
520,580 00
11,000 00
Discount unearned
256,378 44
3,423 75
111,700
113,824
5,776
17,812
b. Profit and loss
Interest, less current expenses
1,273,627 09
$12,000)
(est. val.,
Due from banks and
....
....
Deposits (4,452 accounts, average
$506.82)
Christmas and other club deposits
Surplus:
a. Guaranty fund (4.94% of de
74
00
25
00
11,300 00
Telephone company bonds
Bank and trust company stocks
real
estate
(less
on
Loans
$12,147.60 due thereon)
Loans on personal security
Bank
1924
.
00
68
13
97
com
trust
23,145 96
4,537 93
panies
Cash
Total Assets
Total Liabilities
$2,508,915 97
$2,508,915 97
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
$354.35
paid for
$4,209.44
$5,918.41
2.35
Cost per $1,000 of assets
1.68
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $134,265.33.
.
Total
$13,535.73
5.39
3.71
$3,053.53
1.22
.14
Rates on Investments and Loans (Average on AH, 5.34%)
565
real (date loans,
averaging $2,254.20 (average rate, 6.05%);
6%,
$1,194,341;
6^%,
$15,000;
7%,
164,286.
87 personal loans, averaging $5,983.68 (average
rate,
4.82%); 3%, $25,000; 4J4%, $105,000;
$130,000; 4%%, $30,000; 5%, $56,900; b\i%, $75,000; 5H%. $11,350;
Bonds, stocks, etc. (average rate on amount invested, 4.40%).
Number of loans not over $3,000 each, 513, amounting to $527,854.69.
135 real estate loans made during year, amounting to $387,835.
6%,
4H%.
$87,330.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2\i%
2M%
....
$46,529 88
47,356 16
428.264 84
•
during year, 3,584, amounting to (accounts opened 407)
$522,150 88
402,821 36
withdrawals during year, 2,974, amounting to (accounts closed 316)
Net increase
in
amount due depositors (accounts increased
$119,329 52
91)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$110,000 United States 4J4s
25,000 U. S. Treas. Bonds
4^s
Public Funds, Notes
$5,000
Street Railway Bonds
Par Value
$25,000 Boston Elevated 4s
20,000 Wore. Consolidated 43^3
Par Value
Chatham 4%s
Railroad Bonds
$10,000 Baltimore & Ohio 5s
65,000 Boston & Albanv 4s
100,000 Boston & Maine 4s
570,000
10,000
20,000
10,000
15,000
25,000
Chi. & Northwestern 4s
C, B. & Q. 4s
Conn. & Pass. Rivers 4s
Illinois
Central 3J^s
Maine Central 4^s
Minn..
St. P.
&
Telephone Company Bonds
$25,000 Am. Tel. & Tel. Co. 4s
S. Ste.
M.
4a
Y., N.
Y., N.
50,000
55,000
21,000
20,000
10,000
H. & H. 3^s
N.
H. & H. 4s
N.
Old Colony 4s
Pitts., Va. & Char. 4s.
Portland Terminal Co.
15,000
Vermont
Shs."
12 Merchants Nl. Bk., Boston
14 Cape Cod Tr. Co., Harwich
12 First Nl. Bk. of Yarmouth.
4s
Val.
Bank Stocks
75 Atlantic Nl. Bk., Boston
4^9
Yarmouthport
HAVERHILL— CITY FIVE CENTS SAVINGS BANK
Incorporated
March
Charles H. Croy, President.
Anna
Sollenberger, Clerk of the Corporation.
Board
of Trustees:
-
31, 1870.
Number
of corporators, 91
George W. Noyes, Treasurer.
H. M. Conradsen, Assistant Treasurer.
G. H. Bixby,* O. J. Carlton, C. H. Croy,* J. A. Dalrymple,* H. L. Foss, H. F. Hussey,
Killam, Perley Leslie.f J. F. Nichols, G. W. Noyes, C. A. Pingree.t E. C. Wentworth.*f
Deposits draw interest from first day of each month; dividends are payable fifth day of June and December. Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 12.30 p.m.
*
Board
of
Investment.
t
Auditing Committee.
—
P. D. 8, Part
106
STATEMENT OF CONDITION, OCTOBER
ASSETS
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$968,662
671,452
189,425
150,000
117,782
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
....
due thereon)
Loans on personal security
Bank
building (.est. val., $60,000)
Taxes, insurance, etc., paid on
mortgaged properties
15
00
00
50
1.
1924
Liabilities
Deposits (14,606 accounts, average,
$423.08)
00
S6.179.526 35
Surplus:
....
...
....
Guaranty fund U-39%
a.
posits)
b. Profit and loss
Interest, rents, etc.,
105,850 00
37,200 00
1,125 00
Securities acquired for debts
Loans on real estate (less $661.34
31,
expenses
Discount unearned
of de
271,000 00
194,832 27
current
less
95,456 79
5,659 28
.
3,925,063 66
335,480 00
60,000 00
....
1,643 28
1,520 00
.
Other assets
Due from banks and trust com
171,556 85
9,714 25
panies
Cash and cash items
Total Assets
Total Liabilities
$6,746,474 69
$6,746,474 69
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
paid for
$5,058.61
$14,305.10 $3,000.00
Cost per $1,000 of assets
.75
2.12
.45
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $347,720.63.
$1,345.87
.
.20
Rates on Investments and Loans (Average on
753 real
estate loans,
7%,
averaging $5,212.57 (average rate, 6%);
5%,
$3,700;
Total
Other Expenses
$3,739.26
$27,448.84
4.07
.55
2.87
All,
5.45%)
6%,
$3,895,464;
6M%.
$19,400;
$6,500.
76 personal loans, averaging $4,473.07 (average rate, 5.19%); 4%%, $50,000; 4.80%, $25,000;
$50,000; 5M%. $94,800; 5^%, $115,670; 6%, $10.
Bonds, stocks, etc. (average rate on amount invested, 4.54%).
Number of loans not over $3,000 each, 479, amounting to $793,255.
79 real estate loans made during year, amounting to $742,300.
5%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Dec, 1923,
Number
of.deposits during year, 20,925,
Number
of
Net
2}4%
$134,524 23
A%
June, 1924, 2 l
to (accounts opened 1,526)
amounting
142,064 09
1,497,958 81
$1,774,547 13
1,315,106 88
withdrawals during year, 15,024, amounting to (accounts closed 1,751)
increase in
amount due depositors (accounts decreased
225)
$459,440 25
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$54,100
800
50,000
50,000
796,350
20,000
Treas. Bonds 4Ms
Treas. Notes 4^s
Treas. Notes 4^s
Treas. Notes 4%s
United States 4^s
U.
U.
U.
S.
S.
S.
IT. S.
Revere
5^s
Public Funds, Notes
$2,400 Grovcland 4%s
$25,000
25,000
10,000
25,000
75,000
10,000
20,000
30,000
8,000
4,000
22,000
60,000
35,000
35.000
10,000
10,000
Railroad Bonds
Baltimore & Ohio 4s
Bangor & Aroostook 5s
Benn. & Rutland 4^s
Boston & Albanv 4s
Boston & Maine 4s
Boston & Maine 4^s
C, B. & Q. 4s
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Fitchburg 4s
Illinois Central 3J^s
Kalamazoo, A. & G. R. 5s
Lake Shore & Mich. S. 4s
Louisville & Nashville 5s
Louisville & Nashville (is
Telephone Company Bends
Par Value
$15,000
2,000
10,000
25,000
25,000
85,000
10,000
40,000
5,000
10,000
10,000
25,000
20,000
15,000
Maine Central 43^s
Maine Central 5s
Mobile
&
Par Value
Ohio 6s
Montana Cent.
5s
N. Y. C. & H. R. 3^s
N. Y., N. H. & H. 4s
North Maine Seaport 5s
Old Colony 4s
Pitts., Va. & Charles. 4s
Portland Terminal 4s
&
St. J.
L. C. 5s
St. Paul, M. & M.
Sioux City
&
Pac.
Upper Coos 4s
4^s
3^s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4Hs
Boston Elevated 6s
Eastern Mass. 6s
$10,000
15,000
25,000
22,800
50,000
15,000
30,000
25,000
West End 4s
West End 6s
West End 6M?
Gas, Electric and Water
Com-
pany Bonds
$10,000 N. B. Gas
&
Ed. Lt. Co.
5s
10,000 N. B. Gas
&
Ed. Lt. Co.
6Ms
25,000 Newb'yp't Gas & Elec.
Co. 5s
50,000 N. E. Power Co. 5s
2,000 West Boston Gas Co. 7s
10,000 Weymouth Lt. £ P. Co.
5^s
Bank Stocks
Shs.
Wore. Consolidated
4^s
Boston Terminal Co. Bonds
$150,000 Boston Terminal
$38,000 Am. Tel. & Tel. Co. 4s
74,000 Am. Tel. & Tel. Co. 5s
13,000 N. E. Tel. & Tel. Co. 5s
3Hs
25 Merchants Nl. Bk., Boston
50 Nl. Shawmut Bk., Boston
132 First Nl. Bk., Haverhill
68 Haverhill Nl. Bk.
50 Haverhill Trust Co.
47 Merrimack Nl. Bk., Haverhill
—
P.
D.
8,
Part
107
I.
HAVERHILL— HAVERHILL SAVINGS BANK
Incorporated February
8,
1828.
Number
of corporators, 67
William W. Spaulding, President.
Katherine C. Corwin, Clerk of the Corporation.
Alfred E. Collins, Treasurer.
Harry R. Davis, Assistant Treasurer.
W. E. Bixby, F. J. Bradley, C. E. Dole,f E. G. Frothingham, H. M. Goodwin, C. H.
Grover, F. E. Hutchinson, C. N. Kelly, H. W. Kimball, G. W. Lenox, H. E. Lewis,* F. D. McGregor,*t
Raymond Noyes.f Isaac Poor, C. D. Porter, W. W. Spaulding,* A. H. Veasey, A. H. Wentworth.
Board of Trustees:
Deposits draw interest from twentieth day of each month: dividends are payable April 25 and October
Business hours: 9 a.m. to 2 p.m., Saturdays, 9 a.m. to 12.30 p.m.
25.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Liabilities
28
00
00
35
00
200 00
$3,092,740
699,885
211,970
233,053
164,700
Securities acquired for debts
Loans on real estate (less $11,000
.
....
due thereon)
Loans on personal security
Bank building (est. vol., $75,000)
Taxes, insurance, etc., paid on
mortgaged properties
trust
Total Assets
$632.71)
$11,889,982 67
Christmas and other club deposits
Surplus:
a.
1,923 96
Guaranty fund (4-94% of de
posits)
b. Profit and loss
Interest, rents, etc.,
expenses
Discount unearned
less
587,800 00
612,172 27
curren
4,708 09
2,521 53
.
210 02
com345,211 07
12,288 80
panies
Cash and cash items
....
....
....
Deposits (18,792 accounts, average
.
7,761,575 00
552,275 00
25,000 00
.
Due from banks and
1924
31,
....
Total Liabilities
$13,099,108 52
$13,099,108 52
Total Expenses for the Year, including State Taxes
Advertising
Tax (Net) Salaries
Rent
for
$22,142.63 $2,500.00
$498.55
$5,334.03
Cost per $1,000 of assets
.40
1.69
.19
.04
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $723,127.78.
State
Amount paid
.
Rates on Investments and Loans (Average on
980
Other Expenses
.
real estate loans,
averaging $7,919.97 (average rate, 6.02%);
6%,
All,
Total
$35,473.02
2.70
2.11
$4,997.81
.38
5.57%)
$7,592,575;
6J^%. $70,000; 7%,
$99,000.
28 personal loans, averaging $19,724.10 (average rate, 4.70%); 4%, $25,000; 4^%. $50,000;
$125,000; 4%%, $25,000; 4%%. $125,000: 5%, $198,875; 5V2 %, $3,400.
Bonds, stocks, etc. (average rate on amount invested, 4.88%).
Number of loans not over $3,000 each, 578, amounting to $1,007,860.
51 real estate loans made during year, amounting to $1,008,350.
4}i%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 24,046,
Number
of
2^%
A%
1924, 2 l
$276,888 25
282,202 55
'
amounting to (accounts opened 1,618)
withdrawals during year, 20,148, amounting to (accounts closed 1,594)
Net increase
in
Board
amount due depositors (accounts increased
of
Investment.
.
.
1,966,507 18
.
.
$2,525,597 98
2,053,389 74
$472,208 24
24)
t
Auditing Committee.
—
108
P.
D.
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$590,000 U. S. Treas. Bonds A%s
50.000 U. S. Treas. Notes 4^8
50,000 U. S. Treas. Notes 4%s
2,255,400 United States 4Ms
110,000 Boston 4s
25,000 Detroit, Mich.,
25,000 Detroit, Mich.,
50,000 Los Angeles 5s
Par Value
$133,000 Boston
5Ms
5^s
Railroad Bonds
$67,000 Atch., Top. & S. Fe 4s
135,000 Baltimore & Ohio 4s
25,000 Baltimore & Ohio 4^s
70,000
50,000
32,000
50,000
60,000
158,000
120,000
50,000
Telephone Company Bonds
& Maine 4^3
& St. P. 4Ms
Par Value
Chi., Mil.
$205,000
50,000
Fitchhurg 5s
Illinois Central 4s
Louis. & Nash. 5s
Maine Central 4^s
N. Y.
& H. R. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
C
Am.
Am.
Tel.
Tel.
&
&
Tel. Co. 4s
Tel. Co. 5a
Bank Stocks
Shs.
280 Atlantic Nl. Bk., Boston
500 Nl. Shawmut Bk., Boston
16 Web. & At. Nl. Bk., Boston
115 First Nl. Bk., Haverhill
375 Haverhill Nl. Bk.
300 Merrimack Nl. Bk., Haverhill
61 Bay State Nl. Bk., Lawrence
Street Railway Bonds
$25,000 Boston Elevated 4J^s
170,000 Boston Elevated 5s
50,000 Eastern Mass. 4J^s
HAVERHILL— PENTUCKET SAVINGS BANK
Incorporated
March
17, 1891.
Number
of corporators,
55
H. Ivan Hall, Treasurer.
Henry L.Wallace, Assistant Treasurer.
George
F. Carleton, President
Millard S. Bishop, Clerk of the Corporation.
of Trustees: D. S. Bray, W. H. Butler, G. F. Carleton,* W. G. Cogswell,* J. I. Curtis.t G. W.
Dobbins, A. F. Durgin,* M. J. Fowler, D. G. Fox,* H. B. George, A. C. Hayes, D. C. Hunt,*t N. C.
Johnson, F. W. Peabody.t J. H. Sayward.
Board
Deposits draw interest from tenth day of every month; dividends are payable February 10 and August 10.
Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 12.30 p.m.; also Friday 3 to 5.30.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Bank building (est. val., $47,000)
Due from banks and trust com
$542,231
376,363
95,090
10,000
94,168
66
16
00
00
25
Deposits (6,588 accounts, average,
$648.91)
Christmas and other club deposits
a.
Guaranty fund (2.91%
12 00
$4,275,013 86
55,656 69
of de-
....
....
posits)
39,115 00
25,000 00
.
Surplus:
126,000
131,344
23,077
6,643
Profit and loss
Interest, less current expenses
b.
Discount unearned
00
33
22
05
2,307,427 69
1,044,138 77
25,000 00
56,190 37
2,998 25
panics
Gash and cash items
...
Total Assets
1924
Liabilities
Securities acquired for debts
Loans on real estate (less $2,800
due thereon)
Loans on personal securitv
31,
$4,617,735 15
Total Liabilities
$4,617,735 15
Total Expenses for the Year, including State Taxes
Rent
Advertising
Salaries
State Tax (Net)
paid for
$6,614.30
$12,807.96 $1,000.00 $1,152.57
.22
.25
2.77
Cost per $1,000 of assets
1.43
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $242,223.34.
Amount
Other Expenses
Total
$4,503.23
$26,078.06
5.64
3.99
.
Rates on Investments and Loans, (Average on
All,
.97
5.51%)
439 real estate loans, averaging $5,256.09 (average rate, 6%">; 6%, $2,307,428.
l
$75,500; 4 3A%.
80 personal loans, averaging $13,051.73 (average rate, 5.16%); 3%. $25,000; 4 A%,
5M%, $406,385: 5^%. $133,054; 5^%. $800;
(average rate on amount invested, 4.87%).
amounting to $413,302.69.
74 real estate loans made during year, amounting to $360,350.
$45,000;
Bonds,
5%, $264,750;
6%,
$93,650.
stocks, etc.
Number
of loans not over $3,000 each, 231,
*
Board
of
Investment
t
Auditing Committee.
—
P. D. 8, Part
109
I.
Dividends, Deposits and Withdrawals
A%
Aug., 1924,
during year, 11,558, amounting to (accounts opened 1,028)
$94,904 34
100,060 71
965,340 68
withdrawals during year, 7,464, amounting to (accounts closed 787)
$1,160,305 73
801,344 54
Ordinary dividends declared during year: Feb., 1924, 2 l
2^%
Number
of deposits
Number
of
Net increase
•
amount due depositors (accounts increased 241)
in
$358,961 19
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$20,000 U. S. Treas. Notes 4Ms
555,950 United States 4 24s
$10,000 Minn., St. P. & S. Ste.
M. 4s
14,000 N. Y. C. & H. R. 4s
25,000 N. Y. C. & H. R. 5s
40,000 N. Y., N. H. & H. 3^s
6,000 N. Y., N. H. & H. 4s
15,000 No. Pacific 5s
30,000 No. Pacific 6s
53,000 Pennsylvania 4^s
3,000 Upper Coos 4s
5,000 Washington Co. 3^s
5,000 W. Va. & Pitts. 4s
4,000 Wore, Nash. & Roch. 4s
Railroad Bonds
Baltimore & Ohio 4J^s
Baltimore & Ohio 5s
Boston & Albany 3J^s
Boston & Albany 4s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 4^9
Boston & Maine 6s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
$5,000
20,000
5,000
3,000
3,000
10,000
4,000
2,500
40,000
14,000
38,000
5,000
10,000
10,500
2,000
10,000
Boston Terminal Co Bonds
Par Value
Par Value
$10,000 Boston Terminal
85,000 Am. Tel. & Tel. Co. 5s
9,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
$20,000
30,000
30,000
10,000
5,000
5,000
Com-
pany Bonds
$10,000 Hingham Water Co. 5s
30,000 N. E. Power Co. 5s
2,000 Wore. Gas Lt. Co. 5Ms
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^9
Boston Elevated 6s
Eastern Mass. 4J4s
Lynn & Boston 6s
Cleveland Short Line 43^s
Fitchburg 4s
Illinois Central 3s
Illinois Central 3Hs
Illinois Central 4s
Maine Central 4^s
3^3
Telephone Company Bonds
$1,000 Am. Tel. & Tel. Co. 4s
Bank Stocks
Shs.
75 Beacon Trust Co. Boston
70 Atlantic Nl. Bk., Boston
(17 XI. Shawmut Bk., Boston
6 First Nl. Bk., Haverhill
32 Old Colony Trust, Boston
West End 4^s
HAYDENVILLE — HAYDENVILLE SAVINGS BANK
Incorporated
March
17, 1869.
Number
of corporators,
44
Wilbur M. Purrington, Treasurer.
Charles E. Clark, President.
Alfred G. Cone, Clerk of the Corporati
Board of Trustees: G. L. Barrus, H. R. Bisbee, T. I. Breckinridge,* F. H. Brvant, R. F. Burke, C. F.
Burr, L. W. Clapp.t C. E. Clark,* A. G. Cone, C. S. Damon, H. W. Craves,* J. W. Hill, H. P.
Howes, T. P. Larkin,* F. A. Loud, F. E. Maine, J. R. Mansfield, H. W. Marsh, J. W. Mason, Lawrence Molloy, A. J. Polmatier.t H. A. Smith,* F. L. Taylor, C. B. Tower.t C. H. Waite.
Deposits draw interest from the fifteenth day of each month; dividends are payable January 15 and
July 15. Business hours: 9 a.m. to 4 p.m.; Saturdays, 9 a.m. to 12 m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public bonds, funds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $200
due thereon)
Loans on personal security
....
Bank building (est. vol., $10,000)
Taxes, insurance, etc., paid on
mortgaged properties
.
.
Due from banks and
trust
Board
$100,030 45
123,000 00
15.000 00
17,312 50
Deposits ($2,183 accounts, average,
a.
Guaranty fund (4.88% of
posits)
28,790 00
8,100 00
$983,771 29
H50.65)
Surplus:
....
....
.
b. Profit and loss
Interest, rents, etc.,
expenses
681,407 98
64,884 52
4,000 00
Other
de-
liabilities
less
48,000 00
41,399 64
current
3,094 74
20 01
184 57
30,933 52
2,642 14
Cash and cash items
*
1924
Liabilities
com
panies
Total Assets
31,
...
of
Investment.
$1,076,285 68
Total Liabilities
t
$1,076,285 68
Auditing Committee.
110
P. D. 8, Part
I.
Total Expenses for the Year, including State Taxes
Salaries
State Tax (Net)
Rent
Amount paid for
$1,013.05
$4,480.00
$240.00
Cost per $1,000 of assets
•94
4.16
.22
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $54,642.06.
Advertising
$700.61
Other Expenses
$1,793.95
Total
$8,227 61
7.64
1.67
.65
6.48
Rates on Investments and Loans (Average on
All,
5.54%)
[56 real estate loans, averaging $1,494.31 (average rate, 5.75%); 5}4%, $333,259; 6%,, $348,149.
216 personal loans, averaging $300.39 (average rate, 5.99%); 5%, $400: 6%, $64,485.
Bonds, stocks, etc, (average rate on amount invested, 4.93%).
Number of loans not over $3,000 each, 611, amounting to $417,592.50.
56 real estate loans made during year, amounting to $142,525.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: Jan., 1924,
July, 1924,
Number
of deposits during year, 3,166,
Number
of
Net
2%%
2H%
$20 161 53
amounting to (accounts opened 185)
.
withdrawals during year, 1,878, amounting to (accounts closed 152)
increase in
amount due
.
.
.
.
20J15 26
230,984 64
$271,861 43
209,002 47
depositors (accounts increased 33)
$62,858 96
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$61,400 United States 4}£s
4,000 Williamsburg 4s
37,500 Williamsburg 5s
Par Value
$12,000 N. Y., N. H. & H. 3^s
4,000 N. Y., N. H. & H. 4s
10,000 No. Maine Seaport 5s
Gas, Electric and Water
Com-
pany Bonds
Par Value
$10,000 Lawrence Gas Co. 7s
20,000 N. E. Power Co. 5s
10,000 No Pacific 6s
10,000 Pennsylvania 4^s
Railroad Bonds
$10,000 Atch., Top. & Santa F6 4s
10,000 Baltimore & Ohio 4^s
5,000 Boston & Albany 4s
20,000 Boston & Maine 4s
10,000 Boston & Maine 7s
9,000 Chi., Mil. & St. P. 4s
12,000 Chi., Mil. & St. Paul 4^s
10,000 Chi., R. I. & Pac. 4s
Street Railway
Bonds
Bank Stocks
$5,000 Boston Elevated 4Ks
5,000 Boston Elevated 5s
5,000 Wore. Consolidated 4^3
Telephone
$20,000
Am.
Shs.
9 Conway Nl. Bk.
21 First Nl. Bk. Easthampton
25 City Nl. Bk., Holyoke
10 First Nl. Bk., Northampton
Company Bonds
Tel.
&
Tel. Co. 4s
9
Northampton
Nl. Bk.
HINGHAM — HINGHAM INSTITUTION FOR SAVINGS
Incorporated April
2,
1834.
Number
of corporators, 52
Howard
Morris F. Whiton, President.
Elmer
P. Her3ey, Treasurer.
L. Curtiss, Clerk of the Corporation
of Trustees: C. B. Barnes, E. L. Curtiss, H. W. Cushing.* W. B. Fearing,* F. M. Hersev,* H. P.
Hersey, E. B. Loring, G. S. Marsh, B. A. Robinson, f E. F. Skinner.f W. R. Whiting, E. E. Whitney,
M. F. Whiton, *f B. C. Wilder.
Board
Deposits draw interest from first day of each month; dividends are payable April 6 and October
Business hours: 8.30 a.m. to 12 m.; 1 to 3.30 p.m.; Saturdays, 8.30 a.m. to 12 m.
*
Board
of
Investment.
t
Auditing Committee.
6.
—
P. D. 8, Part
111
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$366,471
729,277
190,000
45,000
69,681
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $18,800
due thereon)
Loans on personal security
$3,642,615 96
$658.82)
Surplus:
Guaranty fund (4-99%
a.
of de-
....
posits)
181,650 00
185,076 57
21,759 85
b. Profit and loss
Interest, less current expenses
1,973,170 00
373,155 00
6,000 00
Bank building (est. val., $8,000)
Due from banks and trust com
pames
Cash and cash items
Total Assets
Liabilities
Deposits (5,529 accounts, average,
20
50
00
00
25
226,875 00
41,200 00
....
1924
31,
8,339 26
1,933 17
Total Liabilities
$4,031,102 38
$4,031,102 38
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
$7,129.66
$11,798.85 $800.00
paid for
1.77
2.93
.19
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $209,673.13.
.
.
Other Expenses
$289.73
$3,596.04
.07
.89
Total
$23,614.28
5.85
3.89
Rates on Investments and Loans (Average on AH, 5.47%)
averaging $4,860.02 (average rate, 6.21%); 5%, $32,000;
$1,419,905; 6^%, $86,550: 7%, $419,315.
averaging
personal
loans,
$10,975.14 (average rate 4.63%); 3}4%, $25,000:
34
$85,000; ±ys %, $10,000; 4%%, $53,500; 5%, $90,705; b%%, $40,000; b l
Bonds, stocks, etc. (average rate on amount invested. 4.78%).
Number of loans not over $3,000 each, 234, amounting to $397,660.
82 real estate loans made during year, amounting to $582,100.
406
real
estate
loans,
bV2 %,
$15,400;
6%
$60,000; 4^%,
$5,000; 7%, $3,950.
4%,
A%,
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2\i%
175,292 13
77,233 91
684,205 41
2M%
during year, 5,871, amounting to (accounts opened 528)
$836,731 45
649,400 43
withdrawals during year, 4,156, amounting to (accounts closed 499)
Net increase
in
amount due depositors (accounts
increased 29)
$187,331 02
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$325,000 U.
3,000
19,000
10,000
15,000
$25,000
25,000
10,000
25,000
40,000
20,000
10,000
10,000
10,000
10.000
54,000
27,000
20,000
20,000
25,000
15,000
25,000
S. Treas.
Bonds 4Ms
Massachusetts 33^s
Chelsea 3^s
Los Angeles, Cal., 5s
San Francisco, Cal., 4Hs
Railroad Bonds
Atch., Top. & S. F6" 4s
Baltimore & Ohio 43^s
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albanv 3Ks
Boston & Albanv 5s
Boston & Maine 4s
Boston & Maine 4^9
B.,
& Lvnn 4^9
Mil. & St. Paul 4s
Mil. & St. P. 4J^s
Mil. & St. Paul 5s
R. I. & Pac. 4s
R. B.
Chi.,
Chi.,
Chi.,
Chi.,
Fitchburg 4s
Fitchburg 5s
Illinois Central 3*^3
Par Value
$50,000
5,000
70,000
80,000
15,000
10,000
35,000
5,000
25,000
25,000
Illinois
Central 4s
Mich. Central 3J^s
N. Y.
& H. R. 4s
N. Y., X. H. & H. 3^s
N. Y., N. H. & H. 4s
C
No
4Hs
Colony 3^s
Pacific
Old
Old Colony 4s
Pennsvlvania 4^s
Lake Erie
Pitts.,
W. Va. 4s
50,000 Portland Terminal 4s
25,000 So. Pacific 4s
30,000 Sullivan Co. 6s
10,000 Upper Coos 4s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^3
Boston Elevated 6s
Eastern Mass. 4Ks
Eastern Mass. 6s
$50,000
35,000
20,000
14,000
25,000
35,000
25,000
15,000
West End 6s
West End 6^s
Wore. Consol.
Boston Terminal Co. Bonds
Par Value.
$50,000 Boston Terminal 3J^3
Telephone Company Bonds
$70,000 Am. Tel. & Tel. Co. 53
Gas, Electric and Water
$25,000 Char. Gas & El. Co. 5s
13,000 Hingham Water Co. 5a
25,000 N. B. Gas & Ed. Lt. Co.
5b.
50,000 X. Eng. Power Co. 5s
45,000 Xewb'vp't Gas & Elec.
Co. 5a
7,000 Old Colonv Gas Co. 6a
50,000 Turners Falls P. & El.
Co. 5a
15,000 Wore. Gas Lt. Co. 6s
Bank Stocks
Shs.
4^s
Com-
pany Bonds
&
100 First XI. Bk., Boston
100 Hingham Trust Co.
—
112
P. D. 8, Part
HOLLISTON — HOLLISTON SAVINGS BANK
Incorporated February 27, 1S72.
Harry
L.
Adams,
Number
of corporators, 25
Charles D. Fisher, Treasurer.
Isabelle G. Twitchell, Assistant Treasurer.
President.
Lloyd E. Razee, Clerk of
I.
the Corporation.
Board of Trustees: H. L. Adams,* C. H. M. Bartlett.t C. A. Crowley,* A. M. Cutler, J. H. Dewing, J. P.
Dexter, C. P. Dozois.t C. D. Fisher,* James Inches, J. F. Leland,* Aloise Maeder,* L. J. Maeder.f
W. R. Morse, L. E. Razee, R. F. Russell.*
Deposits draw interest from
Business hours:
day of each month; dividends are payable June 15 and December
9 a.m. to 12 m.; 1.30 to 3.30 p.m.; Saturdays, 9 a.m. to 12 m.
first
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and w ater company
bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
1.5.
1924
31,
Liabilities
$80,150
140,877
10,000
3,000
9,088
.
Deposits (1,417 accounts, average,
$396.89)
03
10
00
00
75
a.
Guaranty fund (4.94%
of de-
....
posits)
27,761 79
28,651 59>
12,274 91
b. Profit and loss
Interest, less current expenses
r
31,237 50
4,575 00
310,022 10
095 23
5,700 00
Bank building (est. val., $7,000)
Due from bank and trust com
$562,380 65
Surplus:
20,919 83
2,203 34
panies
Cash and cash items
Total Assets
Total Liabilities
$631,074 94
$631,074 94
Total Expenses for tbe Year, including State Taxes
Rent
Advertising
Tax (Net)
Salaries
$300.00
paid for
$601.50
$2,591.00
4.11
.47
.95
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $32,470.23.
State
Amount
.
.
Rates on Investments and Loans (Average on
Other Expenses
$771.13
All,
Total
J
$4,263.63
6.75
5.33
1.22
5.39%)
160 real estate loans, averaging $1,937.03 (average rate, 6%); 6%, $310,022.
2 personal loans, averaging $347.02 (average rate, 5%); 5%, $695.
Bonds, stocks, etc. (average rate on amount invested, 4.74%).
Number of loans not over $3,000 each, 125, amounting to $139,717.39.
24 real estate loans made during year, amounting to $02,175.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Dec, 1923,
June, 1924,
Number
of deposits during year, 1,428,
Number
of
Net
amounting
$11,582 83
2\i%
2H%
to (accounts
opened 127)
withdrawals during year, 1,144, amounting to (accounts closed 120)
increase in
*
Board
amount due
of
depositors (accounts increased
Investment.
.
.
.
11.888 03
102,313 10
.
.
$125,783 96
105,077 87
$20,706 09
1)
t
Auditing Committee.
—
P.
D.
8,
Part
113
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$10,000 U. S. Treas Bonds 4^s
59,000 United States 4^8
4,000 Boston 4s
2,000 Chelsea 4s
1,000 Holyoke 4}^s
$7,000 Illinois Central 3Ks
5,000 Lake Shore & M. South.
4s
12,000 N. Y. C. & H. R. 4s
5,000 N. Y., N. H. & H. 3J/£s
10,000 N. Y., N. H. & H. 4s
11,000 No. Maine Seaport 5s
2,000 Old Colony 4s
10,000 Old Colony 5Hs
10,000 Pennsylvania 4J^s
10,000 Pennsylvania 5s
3,000 Pitts., Va. & Charleston
9,000 Holliston 5s
1,000 Millbury 4Ms
2,000 Needham 4s
1,000 Seattle, Wash., 4>£s
$5,000
9,000
12,000
6,000
5,000
2,500
13,000
10,000
Railroad Bonds
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
Boston & Maine 4>£s
Boston & Maine 6s
C,
B.
&
2,000 Washington Co.
Street Railway
&
Paul 5s
St.
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$11,000
Gas, Electric and Water
Com-
pany Bonds
$10,000 N. E. Power Co. 5s
1,000 N. B. Gas and Ed. Lt.
Co. 6s
5,000 N. B. Gas and Ed. Lt.
Co. 7s
6,000 Turners Falls Power &
El. Co. 5s
9,500 Wore. Gas Lt. Co. 5J^s
3^s
Bonds
$4,000 Boston Elevated 4s
2,000 Boston Elevated 4^s
5,000 Boston Elevated 5J^s
5,000 West End 4s
Q. 4s
Chi., Mil.
Boston Terminal Co. Bonds
Par Value
$3,000 Boston Terminal 3^s
Par Val
Bank Stocks
g ng
29 Framingham XI. Bk.
15 Franklin Nl. Bk.
HOLYOKE — HOLYOKE SAVINGS BANK
incorporated February 21, 1855.
Number
of corporators,
68
Louis S. Ayen, Treasurer.
Frederick J. Batchelor, Assistant Treasurer.
Charles C. Jenks, President.
Perle M. Marrs, Clerk of the Corporation.
Board of Trustees: L. S. Ayen, J. A. Burke, A. A. Coburn, F. H. Dibble,* G. C. Gill, H. O. Hastings, C. D.
Jenks,* D. A. Jenks, W. D. Judd. G. S. Lewis, !F. H. Metcalf, PhilHe'ywood,*t D. H. Ives,* C.
ander Moore, G. W. Prentiss, M. W. Prentiss, W. A. Prentiss.f H. L. Russell, f C. B. Sampson,* J. L.
Wyckoff.
C
Deposits draw interest from first day of each month; dividends are payable the third Monday of January
and July. Business hours: 9 a.m. to 4 p.m.; Saturdays, 9 a.m. to 12 m.; also Thursdays, 7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less
.
....
(est. val.,
$1,315,884
2,234,779
326,850
55,018
201,223
52
40
00
75
75
Deposits (13,055 accounts, average,
$835.29)
$10,904,823 18
Surplus:
a.
Guaranty fund (4.99% of
39,950 00
155,803 85
2,567 00
de-
....
posits)
Profit and loss
Interest, rents, etc.,
b.
less
544,244 00
504,389 16
current
expenses
253,440 96
7,109,747 00
448,819 50
27,000 00
$80,000)
826 00
Furniture and fixtures
Due from banks and
1924
Liabilities
$500
due thereon)
Loans on personal security
Bank building
31,
trust
com
pames
Cash and cash items
267,877 52
20,550 01
Total Assets
.
$12,206,897 30
Total Liabilities
$12,206,897 30
Total Expenses for the Year, including State Taxes
Tax (Net) Salaries
Rent
paid for
$20,786.32
$3,000.00
$11,811.34
Cost per $1,000 of assets
.25
.96
1.70
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $626,816.61.
State
Amount
.
*
Board
of
Investment.
Advertising
$528.59
.04
t
Other Expenses
Total
$5,607.38
$41,733.63
.46
3.41
2.20
Auditing Committee.
P. D. 8, Part
114
Rates on Investments and Loans (Average on
All,
I.
5.23%)
1,219 real estate loans, averaging $5,832.44 (average rate, o]/>%)\ 5V2 %, $7,109,747.
116 personal loans, averaging 83,869. 13 (average rate, 5%) 3%, $100,000; 5%, $79,907;
5V2 %, $108,800; 5%%, $20,500; 6%, $129,612.
Bonds, stocks, etc. (average rate on amount invested 4.82%).
Number of loans not over $3,000 each, 616, amounting to $1,122,800.50.
163 real estate loans made during year, amounting to $682,750.
;
5^%,
$10,000;
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
of deposits during year, 28,495,
Number
of withdrawals during year, 15,251,
Net increase
in
amount due
2%%
2H%
July, 1924,
to (accounts
amounting
Number
amounting
$227,287 47
234,737 34
2,195,803 17
opened 1,544)
$2,657,827 98
2,126,144 96
to (accounts closed 1,503)
$531,683 02
depositors (accounts increased 41)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$47,500 U. S. Treas. Bonds 4Ms
87,500 U. S. Certs, of Indebt. 4s
25,000 U. S. Treas. Notes 4J^s
25,000 U. S. Treas. Notes 4%s
175.000 U. S. Treas. Notes 4>£s
250,000 U. S. Treas. Notes 4%s
423,150 United States 4Ms
27,000 Massachusetts 3^s
35,000 Boston 3J^s
86,000 Boston 4s
2,000 Chicopee 5)4*
24,000 Fall River 4s
1,000 Lawrence 4s
2,000 Lawrence 4^3
•25,000
.21,000
Lawrence 5s
Lynn 4s
5,000 New Bedford 4%s
1,000 Northampton 5^s
5,000 Quincy 4Ms
1,000 Waltham 4s
10,300 Woburn 4^s
Par Value
$23,000
67,000
45,000
100,000
50,000
3,000
153,000
47,000
25,000
27,000
172,000
136,000
105,000
10,000
35,000
25,000
25,000
10,000
15,000
25,000
25,000
&
&
&
Northwest, 3^3
Northwest. 4s
Northwest, 5s
Chi., R. I. & Pac. 4s
Conn. River 4s
Eastern R'y of Minn. 4s
Fitchburg 4s
Fitchburg 4J^3
Fitchburg 5s
Illinois Central 3s
Illinois Central 3K>»
Illinois Central 4s
Lake Shore & Mich. So. 4s
Chi.
Chi.
Chi.
Lime Rock
Nash. 4s
Nash. 4Hs
Nash. 5s
Me. Cent. E. & N. A. 4s
Maine Central 4>^s
Michigan Central 3Hs
Minn., St. P. & S. Ste.
M. 4s
10,000 Minn., St. P.
M.
Public Funds, Notes
•$5,000 Andover 4Ms
3,000 Belchertown 4J^s
2,000 Easthampton 3%s
11,000
4,000
5,000
7,000
5,000
7,000
Hudson
4s
Norwell
4^3
Westerly, R. L, 3^s
Blandford (F. D.) 4s
Gt. Barrington (F. D.) 4s
Mansfield (W. D.) 4s
Railroad Bonds
$45,000 Atch., Top. & S. Fe 4s
70,000 Baltimore & Ohio 4s
55,000 Baltimore & Ohio 4^3
13,000 Baltimore & Ohio 5s
25,000 Bangor & Aroostook 5s
10,000 Beech Creek 4s
95,000 Boston & Albany 3>£s
65,000 Boston & Albany 4s
19,000 Boston & Albany 5s
20,000 Boston & Lowell 4s
75,000 Boston & Maine 4s
25,000 Boston & Maine 4J/£s
10,000 Boston & Maine 7s
10,000 Boston & N. Y. Air Line
4s
50,000 C, B. & Q. 4s
50,000 Chi., Mil. & St. Paul 4s
60,000 Chi., Mil. & St. P. 4^s
15.000 Chi., Mil. & St. P. 5s
15,000
25,000
75,000
20,000
32,000
80,000
140,000
50,000
15,000
50,000
15,000
22,000
Telephone Company Bonds
$100,000 Am. Tel. & Tel. Co. 4s
80,000 Am. Tel. & Tel. Co. 5s
34,000 N. E. Tel. & Tel. Co. 5a
Gas, Electric and Water
4s
&
&
&
Louis.
Louis.
Louis.
Boston Terminal Co. Bonds
Par Value
$60,000 Boston Terminal Co. 3^3
&
S.
5s
10,000 Old Colony
Old Colony 4s
Old Colony 5^'s
N. Y., N. H. & H. 3^s
N. Y., N. H. & PI. 4s
No. Maine Seaport 5s
Northern Pacific 4s
4^s
& Wash. 5s
& Charleston
Pennsylvania
Phila., Bait,
Va.
Gas Co.
5s
Ste.
Bank Stocks
5s
Minn., S. Ste. M. & Atl. 4s
N. Y. C. & H. R. 3V2 s
N. Y. C. & H. R, 4s
Pitts.,
Com-
pany Bonds
$10,000 N. E. Power Co. 5s
20,000 Turners Falls P. & E. Co.
4s
35,000 Port. & Rum. Falls 4s
60 000 St. L., Peoria & Northw.
5s
38,000 Washington Co. 3Jos
15,000 W. Va. & Pitts. 4s
6,000 Wil. and Sioux Falls 5s
Shs.
20
50
20
35
Greylock Nl. Bk.,
Adams
First Nl. Bk., Amherst
Millers River Nl. Bk., Athol
Nat. Shawmut Bk., Boston
9 Conway Nl. Bk.
15 Fitchburg Bank & Tr. Co.
5 First Nl. Bk., Greenfield
48 Franklin Co. Tr. Co., Greenfield
38 City Nl. Bk., Holyoke
236 Hadley Falls Nl. Bk., Holyoke, in liq.
307 Hadley Falls Tr. Co., Holyoke
400 Holyoke Nl. Bk., Holyoke
71 Home Nl. Bk., Holyoke, (liq.)
5 Union Nl. Bk., Lowell
8 Monson Nl. Bk.
5 First Nl. Bk.,
Newburyporf
in liq.
Street Railway Bonds
$53,000 Boston Elevated 4s
45,000 Boston Elevated 4^s
51,000 Boston Elevated 5s
5,000
34,000
95,000
7,000
5,000
16,000
10,000
25,000
Boston, Mil.
&
Brock. 6s
Citizens' Electri'- 7a
Eastern Mass. ±V2 s
Milford & Uxbridge 7s
Mil., Holl.
&
West End
4s
Fram. 7s
Wore. & Black. Val.
Wore. Consolidated
4^s
4^s
90 First Nl. Bk., Northampton
37 Hamp. Co. Tr. Co., North-
ampton
50 Northampton Nl. Bk.
38 Palmer Nl. Bk.
6 Pittsfield Nl. Bk.
125 Chicopee Nl. Bk., Springfield
225 Third Nl. Bk., Springfield
62 Springfield Nl.Bk.
97 Townsend Nl. Bk.
13 Ware Trust Co.
4 First Nl. Bk.,
West field
—
P.
D.
8,
Part
115
I.
HOL YOKE — MECHANICS SAVINGS BANK
Incorporated
March
16, 1872.
Number
of corporators,
46
Isaac E. Sawyer, Treasurer.
J. Brown, Assistant Treasurer.
Henry E. Gaylord, President.
Nathan P. Avery, Clerk of the Corporation.
William
Board of Trustees: N. P. Avery, A. C. Bagg, R. E. Barrett, A. W. Esleeck. H. E. Gaylord,* M. J. Judge, t
C E. Mackintosh,* J. S McElwain, Francis McSherrv, A. J. Newell,* C. P. Randall, f J. F. Ranger,*
H*. G. Sears,* J. E. Sheldon, J. A. Skinner, F. M. Smith, F. S. Webber.t
business day of each month: dividends are payable after third Monday
Business hours: 9 a.m. to 4 p.m.: Saturdays, 9 a.m. to 12 m.; also Thurs-
Deposits draw interest from
in
May
first
and November.
days, 7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
.
Loans on personal security
Furniture and fixtures
Due from banks and
trust
05
40
00
25
$1,044,615
607,380
127,000
20,881
111,709
121,124
2
3,833,721
340,092
4,000
.
Securities acquired for debts
Loans on real estate
1924
31,
Liabilities
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
50
50
00
00
25
00
Deposits (7,796 accounts, average,
$5,802,402 12
37,052 50
$744-28)
Christmas and other club deposits
.
Surplus:
a.
Guaranty fund (4-89%
of de-
....
posits)
285,464 00
238,602 93
151,714 17
Profit and loss
Interest, less current expenses
b.
com
294,429 06
10,280 71
panies
Cash and cash items
$6,515,235 72
Total Assets
Total Liabilities
$6,515,235 72
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
$660.46
$18,506.00 $1,700.00
$5,902.31
paid for
.90
2 84
.26
Cost per $1 ,000 of assets
tax and rent
State
not
including
of
assets
per
Cost
$1,000
Gross income received during the year, $322,918.36.
.
.10
.
Rates on Investments and Loans (Average on
846
real estate loans,
Other Expenses
$3,713.32
averaging $4,531.58 (average rate, 5.50%);
5%,
Total
$30,482.09
4 67
3.51
.57
All,
.
5.25%)
$50,000;
5K%,
$3,742,571;
6%,
$41,150.
114 personal loans, averaging $2,983.27 (average rate, 5.66%);
4.80%, $19,354;
5%,
$79,997;
5K%.
$25,000; 6%>, $215,741.
Bonds, stocks, etc. (average rate on amount invested, 4.72%).
Number of loans not over $3,000 each, 575, amounting to $956,260.28.
18 real estate loans made during year, amounting to $487,765.
1
Dividends, Deposits and Withdrawals
l
Ordinary dividends declared during year: Nov., 1923, 2 /i%
May,
Number
of deposits
Number
of
1924,
2M%
$117,795 80
.
during year, 14,379, amounting to (accounts opened 1,021)
withdrawals during year, 8,626, amounting to (accounts closed 1,049)
Net increase
*
in
Board
amount due depositors (accounts decreased
of
Investment.
28)
121,809 41
1,278,060 61
$1,517,665 82
1,201,449 27
$316,216 55
t Auditing Committee.
—
110
P.
D 8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$40,000 U.
50,000
U.
2. ), 000 l".
15,500 U.
50.000 l'.
S.
S.
S.
(
Par Value
$7,000
10,000
10,000
20,000
[ndebt. 4J£s
!erts.
Treas. Bonds 4^3
Treas, Notes 4Ms
S. Treas. Notes 4%s
S. 'Picas. Notes 43^s
166,000 U. S. 'Picas. Notes 49*8
277,850 United States 4^s
25,000 Massachusetts 3^s
10,000 Massachusetts 5s
20,000 Akron 5^8
0,000 \kron, O., 6s
17,000 Boston 4s
14,000 Boston 4J4s
3,000 Boston 4^s
10,000 Detroit, Mich., 5s
5,000
10,000
10,000
10,000
10,000
14,000
49,000
10,000
5,000
25,000
25,000
2,000
20,000
1,000
1,700
10,000
13,000
3,000
20,000
Dubuque,
$20,000
20,000
10,000
10,000
78,000
2,000
10,000
35,000
22,000
00,000
10,000
10.000
20,000
10,000
16,000
18,000
10,000
45,000
10,000
20,000
10,000
5,000
20,000
20,000
15,000
45,000
5,000
20,000
20,000
is
la.,
Duluth, Minn 4s
Duluth, Minn., 4J^s
Fall River 4^s
Franklin 4Jis
Granby 4)^s
,
Holvoke 4s
Holvoke 4 Ms
Hudson
4s
Los Angeles, Cal., 4J^s
Los Angeles, Cal., 5s
New Bedford »y2 s
Omaha, Neb., 4>£s
Quincy 4s
Revere 6s
Seattle, Wash., 5s
So. Hadley (F. D.) 4J^s
So.
Hadlev 5^s
St, Paul,
Minn.,
4^s
Par Value
$35,000 Pennsylvania 4^s
25,000 Pennsylvania 5s
Taunton 4%s
Toledo, O.,
Toledo, 0.,
West
4%s
3,000 St.P.Minn.&Man.4Hs
10,000 Union Pac. 4s
(is
Springfield 4s
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 3J^s
Bangor & Aroostook 5s
Beech Creek 4s
Boston & Albany 4s
Boston & Albany 5s
Boston & Lowell 4Hs
Boston & Maine 4s
Boston & Maine 4^s
C,
B.
&
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 5s
Boston Elevated 5^3
Eastern Mass. 4's
$15,000
40,000
10,000
25,000
25,000
10,000
25,000
1
,000
3,000
Holvoke
West
West
West
West
5s
End 4^s
End 5s
End 6s
End 6Ms
Q. 4s
& St. Paul 4s
& St. P. 4Ms
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Chi., R. I. & Pac. 4s
Fitchburg 4s
Holvoke & Westfield 4Ms
Illinois Central 4s
Lake Shore & M. So. 4s
Louisville & Nashville 4s
Boston Terminal Co. Bonds
Maine Central 4^s
Maine Central 5s
N. Y. C. & H. R. 3J^s
Shs.
Chi., Mil.
Chi., Mil.
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
No Maine Seaport 5s
No. Pacific 4s
No. Pacific 5s
$25,000 Boston Terminal
3^s
Telephone Company Bonds
$100,000 Am. Tel. & Tel. Co. 4s
10,000 Am. Tel. & Tel. Co. 5s
15,000 N. E. Tel. & Tel. Co. 5s
Bank Stocks
88 First Nl. Bk., Boston
390 Citv Nl. Bk., Holvoke
272 Hadley Falls Nl. Bk., Holyoke, in liq.
300 Had. Falls Tr. Co., Holvoke
6 Holvoke Nl. Bk.
50 Home Nl. Bk. Holvoke, (liq.)
100 Third Nl. Bk., Springfield
HOL YOKE — PEOPLE'S SAVINGS BANK
Number
Incorporated March 19, 1885.
H.
J.
of corporators,
43
GeorgaS. Nesbit, Treasurer,
Frink, President.
John Hildreth, Clerk
of the Corporation
Board of Trustees: G. P. B. Alderman,* O. D. AUyn,* W. A. Allyn, T. S. Chitds, A. D. Durocher, H. J.
Frink,* H. L. Frink, L. M. Gaylord, L. G. Heinritz, John Hildreth, J. C. Hubbard, f J. N. Hubbard, *f
P. M. Judd, William McCorkindale, W. J. Mills, C. H. Taber,* C. F. Tilley.
Deposits draw interest from first day of every month; dividends are payable the third Tuesday of May
and November. Business hours: 9 a.m. to 4 p.m.; Saturdays, 9 a.m. to 12 m.; also Thursdays,
7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
.
Securities acquired for debts
Loans on real estate (less $53,000
due thereon)
Loans on personal security
Bank building (est.
Taxes, insurance,
ral.,
etc.,
$230,000)
paid on
mortgaged properties
Due from banks and trust com.
panies
Cash and cash items
Total Assets
Board
....
of
Investment.
31,
1924
Liabilities
56
00
25
25
75
00
1,000 00
$1,345,189
535,853
86,356
140,156
137,247
78,668
Deposits (11,445 accounts, average,
$69741)
$7,981,912 37
Surplus:
a.
Guaranty fund (3.95%
posits)
of de-
....
b. Profit and loss
Interest, less current expenses
315,000 00
263,324 14
and
198,072 27
taxes
5,431,611 00
295,440 38
175,000 00
47 50
50S.544 24
23,188 85
Total Liabilities
$8,758,308 78
t
$8,758,308 78
Auditing Committee (one vacancy).
P.
D.
8,
Part
117
I.
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
Other Expenses
Advertising
$204 ss
$3,990.38
$17,550.04
$6,000.00
Amount paid for
.69
.46
2.00
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $433,662.40.
Rates on Investments and Loans (Average on
Total
$31,443 *2
$3,638 52
.
.03
.
3.59
2.44
.41
All,
5.17%)
601 real estate loans, averaging $9,037.62 (average rate, 5.50%); 5^%, $5,431,611.
87 personal loans, averaging $3,395.93 (average rate, 5.91%); 5%, $26,007; 6%, $269,439.
Bonds, stocks, etc. (average rate on amount invested, 4.30%).
Number of loans not over $3,000 each, 305, amounting to $551,888.29.
66 real estate loans made during year, amounting to $404,200.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: Nov., 1923,
May,
Number
of deposits during year, 22,610,
Number
of
1924,
amounting
2}4%
$160,715 97
2H%
to (accounts
167,149 46
1,917,848 30
opened 1,448)
$2,245,713 73
1,804,169 52
withdrawals during year, 13,385, amounting to (accounts closed 1,400)
Net increase
in
amount due depositors (accounts increased
$441,544 21
48)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$200,000 U. S. Treas. Bonds 4 Ms
1,140,950 United States 4Ms
8,000 Holyoke 4^s
3,000 Van Buren, Me. (W. D.)
4s
Railroad Bonds
Boston & Albanv 4s
Boston & Maine 4s
Conn. River 4s
$25,000
100,000
25,000
50,000
50,000
50,000
Del.
& Hud.
Fitchburg 4s
Minn., St. P.
M.
Telephone Company Bonds
Par Value
$80,000 N. Y. N. H. & H. 3j^s
50,000 N. Y., N. H. & H. 4s
15,000 Old Colony 3^s
55,000 Old Colony 4s
25,000 Old Colony 5^s
25,000 Northern Pacific Co. 6s
Par Value
$150,000
&
S. Ste.
Tel.
&
Tel. Co. 4s
Bank Stocks
Street Railway Bonds
$15,000 Boston Elevated 4s
25,000 Boston Elevated 6s
50,000 Eastern Mass. 4j^s
Shs.
20 Hadley Falls Nl. Bk., Holyoke, in liq.
100 Holyoke Nl. Bk.
223 Home Nl. Bk., Holyoke (liq.)
243 Hadley Falls Tr. Co., Holyoke
145 Chapin Nl. Bk., Springfield
50 Chicopee Nl. Bk., Springfield
Co. 4s
Boston Terminal Co. Bonds
$150,000 Boston Terminal 3>£s
4s
Am.
HOPKINTON — HOPKINTON SAVINGS BANK
Incorporated
J.
March
David Stewart, President.
Walter
M.
Hilliard, Clerk of the Corporation.
23, 1867.
Number
of corporators, 24
Ernest H. Adams, Treasurer.
Effie L.
Woods, Assistant Treasurer.
Board of Trustees: E. H. Adams, E. A. Briggs, G. W. Butterfield, J. L. Claflin,* P. H. Dolan, A. W. Gerryf
W. M. Hilliard, H. D. Jordan, A. N. Kyes,* W. S. Morse,* W. D. Moshier,*t H. H. Piper, D. J.
Riley, J. D. Stewart,* G. S. Thompson,! W. A. Wood.*
Deposits draw interest from first Saturday of February, May. August and November; dividends are
payable the first Saturday of May and November.
Business hours: 9 a.m. to 2 p.m.; Wednesdays
and Saturdays, 9 a.m. to 12m.
*
Board
of
Investment.
f
Auditing Committee.
—
P. D.
118
STATEMENT OF CONDITION, OCTOBER
Assets
.
.
.
.
.
Telephone company bonds
Gaa, electric and water company
bonds
Bank and trust company stocks
Loans on real estate
.
.
.
$18,000
163,893
45,800
6,440
00
75
00
00
Deposits (1,237 accounts, average,
SJ&5.88)
Surplus:
a. Guaranty fund (4-92% of de-
55,000
9,400
271,775
1,000
00
00
00
00
b. Profit and loss
Interest, rents., etc., less current
.
Bank building (est. val., $6,000)
Due from banks and trust com-
expenses and taxes
.
.
-
25,908 00
27,135 70
13,651 13
.
18,258 78
3,940 18
panies
....
Total Assets
I
$526,812 88
....
posits)
.
Cash
Part
Liabilities
Public funds bonds and notes
Railroad bonds and notes
Street railway bonds
.
8,
1924
31,
Total Liabilities
$593,507 71
$593,507 71
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
.
.
-
.
Rates on Investments and Loans (Average on
$4,380.81
7.37
4.72
5.56%)
All,
95 real estate loans, averaging $2,860.79 (average rate, 6%); 6%, $269,145;
Bonds, stocks, etc. (average rate on amount invested, 5.17%).
Number of loans not over $3,000 each, 63, amounting to $86,375.
18 real estate loans made during year, amounting to $85,700.
Tota
Other Expenses
$892.01
1.50
Advertising
paid for
$1,218.80
$1,910.00
$360.00
2.05
3 22
.60
Cost per $ 1 ,000 of assets
of
assets
not
including
State
tax
and
rent
per
Cost
$1,000
Gross income received during the year, $31,827.52.
A%,
<6 X
$2,630.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
2^2%
....
Number
1924,
of deposits during year, 1,108, amounting to (accounts opened 131)
$12,239 79
12,441 98
68,230 27
Number
of withdrawals during year, 710,
$92,912 04
73,215 32
May,
Net increase
in
amount due
2^%
.
amounting to (accounts closed 82)
$19,696 72
depositors (accounts increased 49)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$18,000 United States 4^s
$5,000
5,000
10,000
10,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
15,000
5,000
Railroad Bonds
Baltimore & Ohio 4}^s
Baltimore & Ohio 5s
Boston & Albanv 5s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 4^s
Boston & Maine 6s
C,
B.
&
Q.
Chi., Mil.
Chi., Mil.
&
&
3Hs
4Ms
St. P.
St. Paul 5s
Fitchburg 4s
Fitchburg 5s
Illinois Central 3J^s
Lake Shore & Mich. So.
33^s
10,000 Maine Central 4J^s
5,000 Michigan Central 3^3
Gas, Electric and Water
Par Value
$5,000 Minn., St. P.
M.
5,000
5,000
10,000
5,000
10,000
10,000
15,000
6,000
&
S.
Ste.
5s
N. Y. C. & H. R. 3^s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
N. Maine Seaport 5s
Pennsylvania 4J^s
Va. & Char. 4s
Portland & Rum. Falls 4s
& L. C. 5s
Pitts.,"
Com-
pany Bonds
Par Value
$5,000 Lawrence Gas C<>.710,000 New Bedford G.& Ed.
Co. 5s
5,000 Wore.
Gas
Lt. Co.
.">'
St. J.
Street Railway
Bonds
$5,000 Boston Elevated 4s
10,000 Eastern Mass. 4^s
15,000 West End 5s
10,000 West End 6s
10,000 Wore. Consolidated 5s
Telephone Company Bonds
$7,000 Am. Tel. & Tel. Co. 4s
Lt.
Co. 5s
15,000 Pittsfield Elec. Co. 6s
20,000 Turners Falls P. & El.
Bank Stocks
Shs.
10 Greylock Nl. Bk. Adams
50 First Nl. Bk., Boston
24 Atlantic Nl. Bk., Boston
10 Web. & At. Nl. Bk., Bost
-s
—
P. D. 8, Part
I.
119
HUDSON — HUDSON SAVINGS BANK
Incorporated February 2d, 1869.
Number
of corporators, 41
Warren T. Safford, Treasurer.
A. George Gilman, Assistant Treasurer.
George B. Cochran, President.
Fred O. Welsh, Clerk of the Corporation.
Board of Trustees: H. P. Andrews, F. E. Brown, F. H. Chamberlain, G. B. Cochran,* David Goodale.t
W. G. Hill, N. M. Hunter, G. P. Keith, E. P. Larkin,* A. J. Manning, M. E. McNiff, W. H. Moulton,
L. F. Priest, J. H. Robinson,*! W. T. Safford, C. J. Sawyer,* Frank Taylor, F. O. Welsh, C. B.
Wheeler.f W. L. Wheeler.
Deposits draw interest from the fifteenth day of each month; dividends are payable on the third Wednesday of January and July. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.;
Thursdays, 6 to 8 p.m., for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Securities acquired for debts
1924
31,
Liabilities
88
50
00
00
00
1,300 00
5402,601
706,196
164,125
47,275
3.500
.
....
Loans on real estate (less $15,814.4
due thereon)
Loans on personal security
Bank building (est. val, §60,000)
Due from banks and trust com
2,460,665 59
214,685 00
48,356 09
panies
Deposits (7,834 accounts, average,
$3,754,271 04
$479.23)
Surplus:
Guaranty fund (4-48%
a.
of de-
168,100
95,671
54,043
1,612
posits)
b. Profit and loss
Interest, less current expenses
.
Discount unearned
.
00
34
18
54
10,448 31
14,544 73
Cash and cash items
Total Assets
$4,073,698 10
Total Liabilities
$4,073,698 10
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
paid for
$5,039.16
511,319.66 $1,800.00
Cost per $1,000 of assets
1.24
2.78
.44
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $228,994.57.
$1,604.30
.
Other Expenses
$4,375.38
1.07
.39
Total
$24,138.50
5.92
4.24
•
Rates on Investments and Loans (Average on
All,
5.47%)
631 real estate loans, averaging $3,899.63 (average rate, 5.96%) 5)4%, $216,655;
49 personal loans, averaging $4,381.32 (average rate, 5.26%); 4%, $10,000;
$25,000; 5%, $84,110; 514%, $15,000; 6%, $70,575.
Bonds, stocks, etc. (average rate on amount invested, 4.60%).
Number of loans not over $3,000 each, 507, amounting to $755,135.
131 real estate loans made during year, amounting to $661,135.
;
6%,
$2,244,011.
$10,000;
4V2 %,
4M%.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits during year, 13,748,
Number
of
2^%
2H%
withdrawals during year, 8,573, amounting to (accounts closed 1,039)
Net increase
*
in
Board
amount due depositors (accounts decreased
of
Investment.
$79,271 33
81,734 92
910,659 55
amounting to (accounts opened 932)
107)
$1,071,665 80
992,359 51
$79,306 29
.
t Auditing
Committee.
—
P. D. 8, Part
120
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Par Value
$20,000 Boston & Albany 3Ms
26,000 Boston & Maine 4s
10,000 Boston & Maine 6s
5,000 Boston & N. Y. Air L. 4s
$297,300 United States 4^s
10,000 Los Angeles, Cal., 5s
10,000 Revere 4Ms
2,000 Hudson 4s
9,500 Hudson 4Ms
5,000 Brunsw'k & Top.(W.D.)
4s
Public Funds, Notes
$8,000
7,000
7,000
9,600
7,000
5,000
2,000
600
5,100
8,500
2,000
9,600
11,500
5,000
$20,000
10,000
20,000
15,000
Berlin 4s
Berlin 4^s
Berlin 4Ms
Bolton 4s
Bolton 4 Ms
Hudson 3 Ms
Hudson
Hudson
Hudson
Hudson
Hudson
Hudson
Hudson
3^gs
3%s
3.80%
3.90%
15,000
10,000
30,000
7,000
40,000
5,000
20,000
10,000
25,000
5,000
23,000
40,000
20,000
30,000
35,000
10,000
C,
C,
B.
B.
&
&
Q. SV2 s
Q. 4s
Chi., Mil.
Chi.
Chi.
&
&
Par Value
$10,000 Northern Ry. 5s
15,000 No. Maine Seaport 5s
10,000 Ohio River 5s
45,000 Pennsvlvania 4Ms
10,000 Port. & Ogdens. 4Ms
&
St. P.
3,000
5,000
35,000
10,000
10,000
4M«
Northwestern 5s
Northwestern 6s
Chi., R. I. & Pac. 4s
Cleve. Short Line 4 Ms
Delaware & Hudson 4s
Fitchburg 4s
Illinois Central 3s
Illinois Central 3Ms
Illinois Central 4s
L. S. & Mich. So. 4s
Louisville & Nashville 5s
Maine Central 4Ms
Me. Cent, E. & N. A. A.
4Ms
5Ms
Rockland 4s
Railroad Bonds
Atch., Top. & S. Fe. 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4Ms
Bangor & Aroostook 5s
20,000
2,000
15,000
5,000
15,000
Michigan Central 3 Ms
Michigan Central 4s
Michigan Central 5s
Mil. & Northern 4Ms
20,000
14,000
10.000
30,000
N.
N.
N.
N.
Minn., St. P.
M.
&
& Rum.
Falls 4s
Portland Terminal 4s
So. Pacific 4s
St. P. Minn.
& Man.
4s
Washington Co. 3Ms
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 5s
Eastern Mass. 4Ms
Eastern Mass. 6s
Leom., Shirley & Ay., 7s
Lvnn & Boston 5s
$20,000
20,000
25,000
11,428
15.000
25,000
23,000
West End 4Ms
5,000 West End 5s
25,000 Wore. Consol.
4s
4J4s
Port.
4Ms
Telephone Company Bonds
$48,000 Am. Tel. & Tel. Co. 4s
S. Ste.
&
4.500 N. E. Tel.
4s
Y. C. & H. R. 4s
Y. C. & H. R. 5s
Y., N. H. & H. 3Ms
Y., N. H. & H. 4s
Tel. Co. 5s
Bank Stocks
Shs.
35 Hudson Nl. Bk.
IPSWICH — IPSWICH SAVINGS BANK
Incorporated
Norman
J. Bolles,
March
20, 1869.
Number
of corporators,
26
George E. Farley, Treasurer
President
Arthur C. Damon, Clerk of
the Corporation
C
Board of Trustees: N. J Bolles, A. S. Brown, *t G. B. Brown,*
own,*
Damon,* George
Chi
A.
C. F. Chapman,
"
'
Fall,
G.
E. Farley, C. E. Goodhue,* W. G. Horton, J. T. Morton, t t>. S. Perley, George Prescott,
Ralph L. Purinton.f
Deposits draw interest from fourth Wednesday of January, April, July and October; dividends are payable
the fourth Wednesday of January and July.
Business hours: 8.30 a.m. to 12.30 p.m.; also Saturdays, 3 to 5 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $1,500
due thereon)
Loans on personal security
Real estate by foreclosure, etc., (a
....
insurance,
paid
etc.,
mortgaged properties
Due from banks and
trust
00
00
50
13
a.
Guaranty fund (4-97% of
$1,312,172 06
de-
65,226 60
58,724 74
9,056 92
posits)
24,750 00
9,501 00
b. Profit and loss
Interest, less current expenses
.
527,890 32
25.900 00
1,890 55
21,132 00
4,405 64
Total Assets
$1,445,180 32
of
Deposits (3,826 accounts, average,
$342.96)
Surplus:
com
Cash and cash items
Board
$314,904
430.401
59,071
23,918
on
.
panics
*
1924
Liabilities
1.416 18
sessed value, SI ,000)
Taxes,
31,
Investment.
Total Liabilities
t
$1,445,180 32
Auditing Committee.
P. D.
Part
8,
121
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
Other Expenses
Total
$82.20
11,995.52
1.38
$9,623.86
$4,060.90
$650.00
§2,835.18
paid for
2.81
.45
1.96
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
$70,052.17.
Gross income received during the year,
.
.
.05
Rates on Investments and Loans (Average on
276
averaging $1,912.64 (average rate, 5.76%);
real estate loans,
All,
6.65
4.24
5.06%)
5%, §125,975; 5^%.l$6,500; 6%,
§395,415.
2 personal loans, averaging $12,950* (average rate, 4.55%)= 4^%, §25,000;
Bonds, stocks, etc. (average rate on amount invested, 4.65%).
Number of loans not over $3,000 each, 199, amounting to §237,995.32.
47 real estate loans made during year, amounting to §74,450.
6%,
$900.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
Number
of deposits during year, 3,688,
of
2%
2%
....
....
§24,111 58
24,587.73
amounting to (accounts opened 375)
261,933-35
§310,632 66
284,498 27
withdrawals during year, 2,832, amounting to (accounts closed 311)
Net increase
in
amount due depositors (accounts increased
§26,134 39
64)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$182,900 United States 4^s
10,000 Akron, Ohio 6s
20,000
19,000
5,000
17,000
20,000
6,000
4,000
10,000
14,000
3^s
Hammond, Ind.,
Par Value
$2,000 Boston
20,000 Boston
Chelsea
6s
Indianapolis, Ind.. 6s
Ipswich 4^s
Ipswich 5s
Marlboro, Mass., 4s
Peabody 4^s
Pittsfield Mass.. 4s
Br.
&
T. Me. (W. D.) 4s
5,000
51,000
20,000
10,000
10,000
5,000
6,000
10,000
15,000
10,000
5,000
& Lowell 4s
& Maine 4}^s
C, B. & Q. 4s
Chi., Mil. & St. P. 3^s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4^s
Chi. & Northwestern 6s
Dexter & Piscataquis 4s
Fitchburg 4s
Fitchburg 4>£s
Maine Central 4^s
Maine Central 5s
Minn., St. P. & S.
M.
Public Funds, Notes
$2,750 Ipswich 4s
7,000 Ipswich 5s
Railroad Bonds
$18,000 Atch., Top. & S. Fe 4s
15,000 Baltimore & Ohio 4s
5,000 Baltimore & Ohio 5s
10.000 Bennington & Rut. 4'^s
15,000 Boston & Albany 3^s
10,000 Boston & Albany 4s
47,000
12,000
10,000
33,000
10,000
10,000
20.000
30,000
29,000
10,000
15,000
§27,000
&
&
Am.
End
End
4s
6s
Company Bonds
Tel. & Tel. Co. 4a
Ste.
Is
Y. C.
Y. C.
5,000 West
20,000 West
Telephone
H. R. 4s
H. R. 5s
Y., N. H. & H. 3^8
Y., N. H. & H. 4s
No. Pacific 4s
No. Pacific 4
No. Pacific 6s
Old Colonv 4s
Pennsvlvania W>*
Portland Terminal 4s
St. P. Minn. & M. 4^s
N.
N.
N.
N.
Street Railway Bonds
Par Value
$10,000 Boston Elevated 4s
16,000 Boston Elevated 4K>*
10,000 Boston Elevated 5s
& Water Company Bonds
Gas, Electric
§25,000 N. E. Power Co. 5s
Bank Stocks
Shs.
26 First Nl. Bk., Ipswich
8 Nl.
Grand
Bk.,
Marblehead
12 Asiatic Nl. Bk., Salem, in liq.
122 Merchants Nl. Bk., Salem
LAWRENCE — BROADWAY SAVINGS BANK
Incorporated
Wilbur E. Rowell, Pr
March
9,
1872.
Number
of corporators, 44
Clinton O. Andrews, Treasurer.
dent.
Edmund
B. Choate, Clerk of the Corporation
F. M. Andrew. C. O. Andrews, J. H. Bride,* P. R. Clav. K. G. Colbv.t J. W. Cross,
Currier,* W. T. Dole, G. W. Hamblet,* A. J. Hanscom, W. D. Hartshorne, W. M. Hastings.
E. Home, F. H. Locke, L. E. Locke.* C. D. McDuffie, J. T. Mercer, W. A. Pedler, W. E.
Rowell,* G. F. Russell, H. L. Sherman, R. H. Sugatt, A. B. Sutherland, t Arthur Sweeny, W. D.
BoanJ
of Trustees:
W. D.
J.
T\viss,f
Harry Wylde.
Deposits draw interest from first business day of every month: dividends are payable May 1 and November 1.
Business hours: 9 a.m. to 1 p.m.: Saturdays, 9 a.m. to 1 p.m.; 2 to 4 and 7 to 8 p.m.
Board
of
Investment.
t Auditing
Committee.
—
122
P. D.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
.
.
.
.
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
.
Securities acquired for debts
Loans on real estate (less $28,360
due thereon)
Loans on personal security
.
.
.
Bank building (est. val., $85,000)
Due from banks and trust com.
8,
Part
I,
1924
Liabilities
Deposits (12,709 accounts, average,
8761.97)
Christmas and other club deposits
>"'-.
.
29,055 S4
32,224 00
Surplus:
Guaranty fund
a.
75,000 00
68,500 00
12,670 60
.
.
00
00
00
50
$1,823,150
367,000
97,050
172,412
31,
posits)
.
and loss
Discount unearned
Profit
b.
(4 .89% of de.
.
.
.
.
.
.
.
477,000 00
377,730 92
283 50
.
6,366,507 54
1,303,217 27
30,000 00
292,332 13
8,454 22
panies
Cash
Total Assets
.
Total Liabilities
$10,616,894 26
$10,616,894 26
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
paid for
$21,266.40 $2,400.00
$6,567.59
Cost per $1 ,000 of assets
.62
2 00
.22
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $571,757.57.
$853.43
.
.08
.
real estate loans,
averaging $6,529.75 (average rate, 5.98%)
.67
Total
$3S,168.47
3.59
2.75
Rates on Investments and Loans (Average on
975
Other Expenses
$7,081.05
;
All,
5.55%)
5*^%, $327,500; 6%, $5,932,082; 63^%,
$106,925.
176 personal loans, averaging $7,404.64 (average
rate, 5.05%); 434%. $200,000;
$293,500; 534%, $25,000; 53^%, $202,678; 6%, $248,039;
(average rate on amount invested, 4.75%).
Number of loans not over $3,000 each, 447, amounting to $689,859.81.
108 real estate loans made during year, amounting to $680,850.
$50,000;
Bonds,
5%,
4V2 %, $280,000; 4%%,
6^%, $4,000.
stocks, etc.
Dividends, Deposits and Withdrawals
%
%
Y
Ordinarv dividends declared during year: May, 1924, 2 /
2
Nov., 1924, 2V2
Number of deposits during year, 21,275, amounting to (accounts opened 1,871)
Number
of
$222,784 04
228,075 44
2,268,343 06
withdrawals during year, 14,424, amounting to (accounts closed 2,043)
Net increase
in
amount due depositors (accounts decreased
172)
$2,719,202 54
2,252,069 80
$467,i:!2 74
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par value
U. S. Treas. Bonds 4Ms
U. S. Treas. Notes 434s
U. S. Treas. Notes 4%s
U. S. Treas. Notes 434s
U. S. Treas. Notes 4%s
United
States 434s
1,478,150
$105,000
50,000
100,000
50,000
40,000
Railroad Bonds
Atch., Top. & S. F6 4s
Baltimore & Ohio 4s
Baltimore & Ohio 5s
Boston & Maine 3s
Boston & Maine 4s
Boston & Maine 434s
Boston & Maine 6s
$20,000
35,000
30,000
25,000
10,000
26,000
22,500
10,000
25,000
Chi., Mil. & St. P. 434s
Cleve. Short Line 4^s
Telephone Company Bonds
Par Value
$25,000
25,000
50,000
10,000
15,000
Fitchburg 4s
Central 3s
Central 3J^s
Maine Central 434s
Mich. Cent.-Jol. & N.
Illinois
Illinois
Ind. 4s
10,000
25,000
50,000
25,000
6,000
20,000
25,000
Mobile & Ohio 6s
N. Y., N. H. & H. 3}4s
X. Y., N. H. & H. 4s
Old Colonv 4s
St. P. Minn. & Man. Is
$150,000 Am. Tel. & Tel. Co. 4s
40,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$50,000 Lawrence Gas Co. 7s
25,000 N. B. Gas & Ed. Lt. Co.
Washington Co. 334s
West Va. & Pitts. 4s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 434s
Eastern Mass. 4^9
Wore. & Southb'dg 434>s
$18,000
50,000
35,000
10,000
Par Value
Bank Stocks
Shs.
400 Nl. Shawmut Bk., Boston
25 Web. & At. NI. Bk., Boston
160 Bay State Nl. Bk., Lawrence
100 Merchants Tr. Co., Lawrence
—
P. D. 8, Part
I.
123
LAWRENCE — ESSEX SAVINGS BANK
Incorporated
March
15, 1847.
Number
of corporators,
33
Albert
(Vacant), President.
Cyrus E. Bean, Clerk
I.
Couch, Treasurer.
of the Corporation
Board of Trustees: C. E. Bean.t L. E. Bennink, A. H. Chamberlain, T. M. Cogswell, A. I. Couch, F. H.
Eaton,* G. E. Kunhardt, R. J. Macartney,! J. H. Morse,* J. A. Peabody, S. F. Rockwell, Irving
Southworth, J. E. Varney,* Richard "Ward.f
Deposits draw interest from third "Wednesday in January, April, July and October; dividends are payable
Business hours: 9 a.m. to 1 p.m.; Saturdays, 9 a.m. tothe third Wednesday of April and October.
4 p.m. and 7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Loans on real estate (less §63,600
due thereon)
Loans on personal security
....
Bank building (est. vol., $200,000)
Due from banks and trust com
31,
1924
Liabilities
$2,408,2.50 00
1,925,000 00
13,009,250 00
3,180,600 00
70,000 00
Deposits (33,500 accounts, average,
$19,847,401
9692,46)
85,526
Surplus:
a. Guaranty fund (4.95% of deposits)
987,500
b. Proht and loss
1,103,843
Christmas and other club deposits
285,000 00
255.000 00
454,000 00
:
.
....
55
00
00
43
401,446 73
35,724 25
panies
Cash
Total Assets
Total Liabilities
$22,024,270 98
$22,024,270 98
Total Expenses for the Year, including State Taxes
Rent
Tax (Net)
Salaries
paid for
$25,810.54
$42,401.95
$5,000.00
.23
Cost per $1,000 of assets
1.17
1.93
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $1,231,402.70.
State
Amount
Advertising
$2,935.38
.13
Rates on Investments and Loans (Average on
1,941 real estate loans, averaging $6,702.34 (average rate,
All,
Other Expenses
Tota
$86,377.82
S10,229.95
3.92
.46
2.52
5.73%)
5.93%); 5%, $30,000;
5M%>
$1,689,800; 6%, $11,249,450.
187 persoanl loans, averaging $17,008.55 (average rate, 5.09%); 4M%, $150,000;
5%,, $1,266,800; 5M%, $732,500; bV2 %, $90,775; 6%, $431,525.
Bonds, stocks, etc. (average rate on amount invested, 5.63%).
Number of loans not over $3,000 each, 920, amounting to $1,551,900.
358 real estate loans made during year, amounting to $2,912,500.
$40,000;
4M%,
bV2 %,
$509,000;
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: April, 1924,
Oct.,
Number
of deposits during year, 40,998,
Number
of
2^%
$467,998 93
1924, 23/6%
to (accounts opened 3,963)
amounting
withdrawals during year, 33,786, amounting to (accounts closed 4,648)
Net increase
*
in
Board
amount due depositors (accounts decreased 685)
of
Investment.
.
.
469,794 57
3,767,917 39
.
.
$4,705,710 89
4,270,942 04
$434,768 85-
t
Auditing Committee.
—
12
P. D. 8, Part
1
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
9343,900 (J.S.Treas. Notes
2,014,350 United States 434s
50,000 Lawrence 4Ms
4%s
M.
Railroad Bonds
& Ohio 4^s
A: Ohio 5s
Ul.OOO Bangor & Aroostook 5s
100,000 Boston & Albany 5s
50,000 Boston & Lowell 4s
150,000 Boston & Maine 4 Hs
50,000
50,000
150,000
25,000
50,000
100,000
$50,000 Baltimore
100, 000 Baltimore
25,000
100,000
40,000
100,000
90,000
65,000
100,000
200,000
100,000
C,
B.
&
Chi.
&
&
St. P. 5s
&
Fre., Elk.
Mo. V. 6s
Illinois Central 3s
Tel. Co. 4a
Bank Stocks
Shs.
1,000 First Nl. Bk., Boston
500 Atlantic Nl. Bk., Boston
500 Merchants Nl. Bk., Boston
500 Nl. Shawmut Bk., Boston
200 Nl. Union Bk., Boston
300 Second Nl. Bk., Boston
200 Web. & At. Nl. Bk., Boston
150 American Tr. Co., Boston
300 Old Col. Tr. Co., Boston
100 Haverhill Nl. Bk.
640 Bay State Nl. Bk., Lawrence
Street Railway Bonds
Boston Elevated 4^s
$70,000
50,000
200,000
50,000
&
5s
Mobile & Mont. 4^s
Mobile & Ohio 6s
N. Y., N. H. & H. 4s
Norfolk & Western 6s
San Fran. & S. J. Val. 5s
St. P. Minn. & Man.
Northwestern 4s
Chi., St. P., M. & O. 6s
Cleveland & Pitts, 4^s
Cleve. Short Line 4^s
Fitehburg 5s
Company Bonds
Par Value
$300,000 Am. Tel.
40,000 St. P. Minn., & Man. 6s
100,000 Wilmar & S. Falls 5s
Q. 4s
Chi., Mil.
Telephone
Par Value
$65,000 Louisville & Nashville 5s
100,000 Maine Central 4Ks
100,000 Maine Central 5s
65,000 Mil., L. S. & West. 5s
50,000 Minn., St. P. & S. Ste.
Holyoke
50 Merchants Tr. Co., Lawrence
100 Appleton Nl. Bk., Lowell
5a
West End
5s
Wore. Consol. 4>^s
LAWRENCE — LAWRENCE SAVINGS BANK
Incorporated March
10, 1868.
Number
of corporators,
Alvin E. Mack, President.
26
Lewis A. Foye, Treasurer.
Newton
P. Frye, Clerk of the Corporation
Board of Trustees: L. A. Foye, N. P. Frve, C. H. Kitchin, G. E. Kunhardt, Jr., A. E. Lang.f J. A.
Macdonald, A. E. Mack,* F. W. McLanathan, K. S. Norwood,* J. A. Perkins, W. E. Philbrick,*
R. A. Prescott, I. W. Sargent, f J. E. Walworth, D. K. Webster.f
Deposits draw interest from first day of each month; dividends are payable January 1 and July
ness hours: 9 a.m. to 1 p.m.; also Saturdays, 9 a.m. to 4 p.m. and 7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
notes
Railroad bonds and
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $29,941
due thereon)
Loans on personal security
$1,829,037 72
905,363 50
Due from banks and
50,000 00
16,000 00
8,990,885 oo
1,876,307 00
100,000 00
.
....
Interest,
rents,
etc.,
35
31
00
37
current
less
expenses
Discount unearned
276,600 51
27,687 73
15,965 50
.
trust
Deposits (20,883 accounts, average,
$613.64)
$12,814, 687
69,223
Surplus:
a. Guaranty fund (4-75% of deposits)
612,166
b. Profit and loss
263,441
Christmas and other club deposits
building (est. val., $225,000)
Real estate by foreclosure, etc. (as.
1924
Liabilities
Bank
sessed value, $5,500)
31,
Busi-
com268,512 26
11,735 20
panies
Cash and cash items
Total Assets
$14,063,806 27
Total Liabilities
$14,063,806 27
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
paid for
$25,007.32
$6,000.00
$12,309.52
.43
Cost per $1,000 of assets
.88
1.78
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $777,927.81.
.
Advertising
Other Expenses
$915.21
$7,531.47
06
.53
.
Board
of
Investment.
t
Auditing Committee.
Total
$51,763.52
3.68
2.37
—
P. D. 8, Part
.
125
I.
Rates on Investments and Loans (Average on
1
669
averaging $5,386.99 (average rate, 5.98%);
$8,686,035; 6^%, $23,750.
real estate loans,
$42,000;
6%,
5%,
All,
5.51%)
5M%,
$156,800;
$82,300;
5%%
r
Y
229 personal loans, averaging $8,193.48 (average rate, 4.50%) 3 %%, $25,000; 3 2 %, $50,000; 3%%,
$90,000; 4%, $513,200; VA%, $156,200; 4H%. $315,000; 4M%, $120,000; 4.80%, $25,000;
;
5%, $376,215; 5^%, $39,015; 5^%, $44,000; b%%, $122,677.
Bonds, stocks, etc. (average rate on amount invested, 4.70%).
Number of loans not over $3,000 each, 726, amounting to $1,054,379.
237 real estate loans made during year, amounting to $1,600,050.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2^%
July, 1924,
23^%
Number
of deposits
Number
of
$290,100 21
305,814 46
3,600,688 95
during year, 41,745, amounting to (accounts opened 3,239)
$4,196,603 62
3,655,564 50
withdrawals during year, 27,432, amounting to (accounts closed 3,485)
Net increase
amount due depositors (accounts decreased 246)
in
$541,039 12
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$200,000 U. S. Treas. Notes 4^s
225,000 U.S. Treas. Notes 4%s
1,144,000 United States 4^8
26,000
35,000
25,000
22,000
31,000
30,000
50,000
25,000
13,000
23,000
Agawam
5s
Cleveland, O. 6s
Duluth, Minn., 6s
Lowell 5s
Lvnn
New
New
5s
Railroad Bonds
Par Value
$25,000 Baltimore & Ohio 4s
70,000 Baltimore & Ohio 4^s
90,000 Baltimore & Ohio 5s
96,000 Bangor & Aroostook 5s
15,000 Boston & Albany SV2 a
10,000 Boston & Maine 4s
35,000 Boston & Maine 4^s
5,000 Boston & Maine 6s
Bedford 5s
Bedford 5M«
Providence, R.
I.,
40,000
94,000
100,000
26,000
10,000
5,000
70,000
61,000
5,000
100,000
4s
Wash., 5s
South Bend, Ind., 6s
Seattle,
Public Funds, Notes
$5,000
Methuen
C,
C,
&
&
B.
B.
&
F.
3Hs
& Con-
way 4Ms
Gas, Electric and Water
Com-
pany Bonds
$25,000 Turners Falls P. & El.
Co. 5s
25,000 Weymouth Lt.& P. 5^s
St. P. 4J/£s
Cleveland & Pitts. 3^s
Erie & Pittsburgh 3Hs
Fitchburg 4s
Illinois Central 3s
Maine Central 4 Ms
Me. C. & E. N. A. 4s
Minn., St. P. &. S. Ste.
M.
5,000 Ports, Gt.
Q. 3Hs
Q. 4s
Chi., Mil.
4s
Par Value
$25,000 N. Y., N. H. & H.
25,000 No. Pacific 6s
85,000 Pennsylvania 4}^s
Bank Stocks
Shs.
Atlantic Nl. Bk., Boston
Merchants Nl. Bk., Boston
Nl. Shawmut Bk., Boston
Web. & At. Nl. Bk., Boston
19 Bay State Nl. Bk., Lawrence
40
50
29
22
5s
LEE — LEE SAVINGS BANK
Incorporated
March
5,
1852.
Number
of corporators, 41
Edward
William C. Benton, President.
James A. Rice, Clerk
S.
XBoard of Trustees: W. C. Benton, f J. F. Deely.f W. H. Eaton, Thomas Norton,*
Rogers,* C. H. Shaylor,* H. W. Stevens, A. T. Treadway, Carl Wurtzbach.
Deposits draw interest from first business day of each month; dividends are payable June
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.
STATEMENT OF CONDITION, OCTOBER
1
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Bank building (est. val, $19,000)
Taxes, insurance, etc., paid on
mortgaged properties
Due from banks and trust com
.
,
I
.
.
|
I
panies
Total Assets
Board
31,
J.
1
A. Rice.f E. S.
and December
1
1924
Liabilities
$402,569
491,983
76,200
17,550
35,940
22,037
159,436
1,498,815
135,106
16,871
31
75
00
00
00
50
20
Deposits (4,739 accounts, average,
$556.98)
Surplus:
a.
Guaranty fund (4-90%
posits)
$2,639,549 66
of de-
....
129,600 00
123,329 31
52,854 55
b. Profit and loss
Interest, less current expenses
17
85
00
94 46
84,347 48
4,381 80
Cash and cash items
*
Rogers, Treasurer.
of the Corporation
$2,945,333 52
of
Investment.
t
Total Liabilities
Auditing Committee.
$2,945,333 52
X
One vacancy.
P.
12G
D.
8,
Part
I.
Total Expenses for the Year, including State Taxes
Tax (Net)
$3,534.88
for
.
.
Rent
Salaries
State
Unount paid
Other Expenses
Tota
$504.27
$2,256.11
.17
.77
$15,340.25
5.21
3.67
Advertising
$1,000.00
$8,044.99
2.73
1.20
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
year,
$156,200.09.
received
during
the
income
Gross
.34
Rates on Investments and Loans (Average on
514
real estate loans,
$1,058,347.
45 personal loans, averaging $3,002.37 (average rate, 5.98%);
All,
5.53%)
A%,
5%,
averaging $2,915.98 (average rate. 5.84%);
$45,375; b l
5^%,
$8,300;
6%,
$395,093;
$123,807;
0%,
63^%,
$3,000.
Bonds, stocks, etc. (average rate on amount invested, 5.11%).
Number of loans not over $3,000 each, 466, amounting to $627,322.02.
84 real estate loans made during year, amounting to $221,105.
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during
\
Number
Number
of
A%
$54,2i:;
ear: Nov., 1923, 2 l
May.
of deposits
1924,
2^%
$584,447 09
441,055 98
withdrawals during year, 3,550, amounting to (accounts closed 413)
Net increase
in
amount due depositors (accounts increased
188)
2.')
56,168 99
474,064 8.")
during year, 6,354, amounting to (accounts opened 601)
$143,391 11
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$5,000 U. S. Treas. Notes 4%s
5,000 U. S. Treas. Bonds 4J4s
United States 4^s
Washington 6s
Boston 4s
Great Barrington 4s
295,000
5,000
10,000
3,500
Public Funds, Notes
Lee 4s
Lee 4^s
Lee 4Ms
$29,000
43,000
2,000
5,000
7,500
2,000
3,000
Otis 5s
Tvringham
Lee (F. D.)
Lee (F. D.)
5s
4^s
4%s
Railroad Bonds
$10,000 Bangor & Aroostook 5s
10,000 Baltimore & Ohio 4^s
5,000 Baltimore & Ohio 5s
10,000 Beech Creek 4s
5,000 Boston & Albany 33^s
10,000
5,000
5,000
10,000
15,000
8,500
10,000
25,000
10,000
5,000
5,000
10,000
15,000
5,000
& Albany 4s
& Albany 5s
& Lowell 4^s
& Maine 4s
& Maine 4}^s
& Maine 6s
C, B. & Q. 3Hs
C, B. & Q. 4s
Chi Mil. & St. P. 4 y2 »
Chi Mil. & St. P. 5s
Chi & Northwestern 4s
Chi & Northwestern 5s
Chi., R. I. & Pac. 4s
Cleve Lor. & Wheeling
Boston
Boston
Boston
Boston
Boston
Boston
43^3
Delaware & Hudson
10,000
10,000 Fitchburg 4s
5,000 Fitchburg 4}4s
l
35,000 Illinois Central 3 As
4s
Gas, Electric and Water
Par Value
$25,000
5,000
10,000
5,000
5,000
5,000
10,000
10,000
15,000
10,000
40,000
20,000
10,000
20,000
25,000
5,000
15,000
5,000
10,000
10,000
5,000
10,000
5,000
Central 4s
& Mich. So.4s
Louis. & Nash. 4s
Louis. & Nash. AV2 s
Louis. & Nash. 6s
Maine Central 5s
N. Y. C. & H. R. 3Hs
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 4^s
No. Pacific 6s
Old Colony 4s
Old Colony 5A»
Pennsylvania 4}4$
Pennsylvania 5s
Providence Terminal 4s
Sioux City & Pac. 3^s
So. Pacific 4s
Western Pennsylvania 4s
Union Pacific 5s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated 5s
Eastern Mass. 4}^s
$20,000
5,000
5,000
15,000
15,000
5,000
10,000
5,000
5,000
Hoosac Valley 7s
Lynn & Boston 6s
West End
West End
4s
5s
Wore. Consolidated 4V£s
Boston Terminal Co. Bonds
$20,000 Boston Terminal 3
V2 s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
Am. Tel. & Tel. Co. 5s
15,000 X. E. Tel. & Tel. Co. 5s
$20,000
5,000
Com-
pany Bonds
Illinois
Lake Shore
Par Value
$5,000 Lawrence Gas Co. 7s
2,000 N. B. Gas & Ed. Lt. Co.
6s
5,000 N. E. Power Co. 5s
6,000 Pittsfield Elec. Co. 6s
5,000 Turners Falls & P. Elec.
Co. 5s
Bank Stocks
Shs.
First Nl. Bk., Amherst
Atlantic Nl. Bk., Boston
Beacon Trust Co., Boston
First Nl. Bk., Boston
Merchants Nl. Bk., Boston
Nl. Shawmut Bk., Boston
Nl. Union Bk., Boston
American Trust Co., Boston
Old Colonv Tr. Co., Boston
Second Nl. Bk., Boston
State St. Tr. Co., Boston
Web. & At. Nl. Bk., Boston
10 Nl. Mahaiwe Bk., Gt. Barrington
18 City Nl. Bk., Holyoke
40
40
25
87
35
50
25
35
30
50
20
40
25 Hoivoke Nl. Bk.
121 Lee'Nl. Bk.
34 No. Adams Nl. Bk.
43 Agric. Nl. Bk., Pittsfield
10 Berk. L. & Tr. Co., Pittsfield
90 Pittsfield Nl. Bk.
15 Third Nl. Bk., Pittsfield
50 Chapin Nl. Bk., Springfield
72 Chicopee Nl. Bk. Springfield
60 Springfield Nl. Bk.
60 Third Nl. Bk., Springfield
15 Housatonic Nl. Bk., Stockbridge
40 Merchants Nl. Bk., Worcester
—
P. D. 8, Part
I.
127
LEICESTER — LEICESTER SAVINGS BANK
Number
Incorporated April 17, 1869.
Alonzo B. Davidson, President.
Alexander McNeish, Clerk of
47
of corporators,
Chas.
McMullin, Treasurer.
S.
the Corporation
Board of Trustees: Everett Carleton,* R. W. Cook, A. B. Davidson,* B. A. Gibson,* Cornelius Leaflang.t
Alexander McNeish, H. C. Murdock, C. E. Perry, F. L. Powers,* W. E. Sprague,* S. G. Warren,*
Walter Warren.f W. C. Watson *|
Deposits draw interest from first business day of each month: dividends are payable June 1 and
ber 1. Business hours: 9 a.m. to 1 p.m.; 2 to 4 p.m.; Saturdays, 9 a.m. to 1 p.m.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
SI 95,392 19
178,621 25
27,150 00
21,135 00
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
j
Deposits (1,891 accounts, average,
$641.32)
Surplus:
51,212,747
Guaranty fund (4.94%
a.
20
839,064
9,480
6,000
.
Bank building (est. val., $9,000)
Due from banks and trust com.
00
01
00
00
of de-
....
posits)
14,887 50
8,075 00
.
Securities acquired for debts
Loans on real estate
Loans on personal security
Decem-
b. Profit and loss
Interest, rents, etc.,
59,977 70
30,775 18
current
less
expenses
27,899 41
27,302 23
4,272 90
panies
Casli
....
Total Assets
Total Liabilities
$1,331,400 08
$1,331,400 08
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Salaries
$966.19
S2.825.00
for
2.12
.72
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax
Amount paid
.
.
Rent
Advertising
$433.33
$182.53
.33
.14
and rent
Other Expenses
$1,639.73
Total
$6,046.78
4.54
3.49
1.23
.
Gross income received during the year, $70,378.02.
Rates on Investments and Loans (Average on
All,
5.41%)
314 real estate loans, averaging $2,672.17 (average rate, 6.01%)- 6%, $833,664; 7%, $5,400.
9 personal loans, averaging $1,053.33 (average rate, 6.02%); 6%, $9,030; 6^%, $450.
Bonds, stocks, etc., (average rate on amount invested, 4.28%).
Number of loans not over $3,000 each, 243, amounting to $343,394.01.
48 real estate loans made during year, amounting to $125,300.
Dividends, Deposits and Withdrawals
2%%
2M%
....
Ordinarv dividends declared during year: Dec, 1923,
June, 1924,
Number of deposits during year, 3,243, amounting to (accounts opened 164)
Number
of
$25,487 80
26,225 33
148,818 55
.
$200,531 68
151,267 52
withdrawals during year, 1,123, amounting to (accounts closed 138)
Net increase in amount due depositors (accounts increased 26)
$49,264 16
SCHEDULE OF SECURITIES OWNED
I
Public Funds, Bonds
Par Value
$35,000 U. S. Treas. Notes 4%s
5,000 United States 3J^s
140,000 United States 4Ms
20,000 U. S. Treas. Bonds 4>^s
$15,000
10,000
8,000
33,000
20,000
Railroad Bonds
Baltimore & Ohio 4J^s
Bangor & Aroostook 5s
Boston & Albany 3^s
Boston & Maine 4s
C,
B.
*
&
Q.
Board
sy2S
of Investment.
Telephone Company Bonds
Par Value
$5,000
3,000
5,000
30,000
15,000
14,000
20,000
5,000
5,000
B. & Q. 4s
Erie & Pittsburgh
Illinois Central 3s
C,
3Ms
Central 3Ms
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Par Value
$24,000
Am.
Tel.
&
Tel. Co. 4s
Illinois
Old Colony 4s
Upper Coos 4s
Street Railway Bonds
$10,000 Boston Elevated 4s
11,000 Eastern Mass. 4Ms
10,000 West End 4s
Gas, Electric and Water
Com-
pany Bonds
$15,000 N. E. Power Co. 5s
Bank Stocks
Shs.
15 Atlantic Nl. Bk., Boston
15 Web. & At. Nl. Bk., Boston
25 Merchants Nl. Bk., Worcester
t Auditing Committee.
—
P. D. 8, Part
128
I.
LENOX — LENOX SAVINGS BANK
Incorporate! April
4,
Number
1890.
32
of corporators,
Charles M. Sears, Treasurer.
Leonard C. Peters, President.
A. Brown, Clerk of the Corporation.
Emma
Murray
Bull, Assistant Treasurer.
Duclos, Walcott Gregory,* E. P.
of Trustee*: G. F. Bourne,*t M. A. Brown, W. L. Bull,* B. N.
Klipp. A. J. Loveless, William Mahanna, G. A. Mole.f L. C. Peters.f L. H. Peters,*
Hale, H.
E. E! Parsons,* H. L. Parsons, M. R. Sedgwick.
Board
I
Deposits draw interest from first day of each month; dividends are payable
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.;
July.
8.30 p.m. for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Street railway bonds
Telephone company bonds
Gas, electric and water company r
trust
$223,635
189,640
58,650
32,681
Loans on real estate
Loans on personal security
Furniture and fixtures
Due from banks and trust com -
$1,744,372 31
14,665 00
.
Surplus:
a.
Guaranty fund {.2.98%
of de-
....
....
posits)
52,431
38,334
10,570
20
Profit and loss
Interest, less current expenses
b.
270 00
1,207,349 00
34,250 00
3,392 53
Other
liabilities
00
68
25
50
24,291 09
2,986 11
Cash
.
Deposits (2,539 accounts, average,
$687.03)
Christmas and other club deposits
51
25
00
75
14,850 00
68,397 50
company stocks
Total Assets
1924
31,
Liabilities
Public funds bonds and notes
Bank and
Tuesday of January and
day of each month, 7 to
first
first
$1,860,393 74
Total Liabilities
$1,860,393 74
Total Expenses for the Year, including State Taxes
Other Expenses
$1,861.92
1.00
Advertising
Rent
Salaries
State Tax (Net)
$600.00
$4,272.00
.$1,749.48
paid for
.32
2.29
.94
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $94,982.29.
\mount
$407.23
.
.22
Total
$8,890.63
4.77
3.51
.
Rates on Investments and Loans (Average on
297
real estate, loans,
averaging $4,065.14
(average rate, 5.86%);
5%,
All,
5.52%)
$6,000;
6%,
13 personal loans, averaging $2,634.61 (average rate, 5.98%); 5%, $800;
Bonds, stocks, etc. (average rate on amount invested, 4.81%).
Number of loans not over $3,000 each, 150, amounting to $221,299.
41 real estate loans made during year, amounting to $142,710.
5^%,
$324,579;
6%,
$33,450.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jam, 1924,
Number
Number
of deposits during year, 4,178,
of
amounting
2H%
.
to (accounts
•
•
withdrawals during year, 1,675, amounting to (accounts closed 243)
Net increase
*
in
Board
amount due depositors (accounts increased
of
Investment.
•
•
*34,622 87
•
369,135 59
opened 271)
.
$439,551 85
281,989 01
$157,o62 84
28)
t
Auditing Committee.
—
P.
D.
8,
Part
129
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$224,900 United States 4Ms
5,000 Van Buren, Me. (W.
Central 3^s
& Nash. 4s
Maine Central 5s
Illinois
N. Y., N. H.
N. Y., N. H.
40 North
Am.
Am.
Tel.
Tel.
&
&
Tel. Co. 4s
Tel. Co. 5s
Com-
Gas, Electric and Water
& H. 3^s
& H. 4s
Adams
Nl. Bk.
15 First Nl. Bk., Northampton
20 Agricultural Nl. Bk., Pittsf'd
19 Pittsfield Nl. Bk.
10 Chapin Nl. Bk., Springfield
14 Chicopee Nl. Bk., Springfield
48 Third Nl. Bk., Springfield
50 Springfield Nl. Bk.
25 Springfield S. D. & T. Co.
20 First Nl. Bk., Winchendon
Telephone Company Bonds
$23,000
12,000
Shawmut
Bk., Boston
57 Lee Nl. Bk.
80 Lenox Nl. Bk.
17,000 Citizens Electric 6s
35,000 Eastern Mass. 4J^s
Railroad Bonds
Baltimore & Ohio 4H»
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Maine 4^s
Louisville
Shs.
25 Nl.
Street Railway Bonds
$5,000 Boston Elevated 4s
10,000 Boston Elevated 43^s
D.), 4s
$5,000
36,000
10,000
20,000
62,000
5,000
5,000
15,000
20,000
Bank Stocks
Par Value
$20,000 No. Maine Seaport 5s
5,000 Washington Co. 3Hs
pany Bonds
$15,000 N. E. Power Co. 5s
LEOMINSTER — LEOMINSTER SAVINGS BANK
Incorporated
Arthur H. Hall, President.
Everett B. Richardson, Clerk of
March
16, 1865.
Number
of corporators, 33
Raymond
Frank
the Corporation.
S.
L. Middlemas, Treasurer.
Farnsworth, Assistant Treasurer.
Board of Trustees: E. F. Blodgett, H. F. Cook, M. C. Damon, F. S. Farnsworth,* A. H. Hall,*t W. H.
Harrison,! C. H. Howe,* L. A. Jalbert, R. A. Joslin, P. H. Killelea,* E. B. Kingman, A. N. Litch,
R. L. Middlemas, D. C. Nickerson, E. B. Richardson, f F. H. Robertson,* F. A. Young.
Deposits draw interest from first day of each month; dividends are payable January 1 and July 1.
ness hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Saturdays, 6.30 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
31,
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
(less
estate
real
on
Loans
$100,585.65 due thereon)
Loans on personal security
Bank building (est. vol., $125,000)
Furniture and fixtures
Due from banks and trust com-
1924
Liabilities
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Busi-
$1,110,229
194,771
71,791
110,543
75
25
50
75
Deposits (9,759 accounts, average,
$579.85)
3,683,206
729,489
70,000
16,502
35
61
s
Surplus:
a.
58,250 00
15,000 00
$5,658,825 00
15,697 00
Christmas and other club deposits
....
....
Guaranty fund (4-90%
posits)
Profit and loss
Interest, rents, etc.,
b.
of de
278,500 00
117,772 43
.
expenses
Discount unearned
less
current
119,080 69
3,799 47
.
00
52
118,776 13
15,113 73
panies
Cash and cash items
$6,193,674 59
Total Assets
Total Liabilities
$6,193,674 59
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Salaries
Rent
$14,897.36
$2,850.00
$3,003.80
Amount paid for
.46
.48
2.41
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $329,035.24.
.
Advertising
$1,468.00
.23
Rates on Investments and Loans (Average on
1,085 real estate loans, averaging $3,558.65 (average rate, 5.94%);
$3,330,623.
143 personal loans, averaging $5,101.32 (average rate, 5.37%);
4%,
All,
Other Expenses
Total
$5,678.88
$27,898.04
.91
4.49
3.55
5.47%)
$11,000;
5^%,
$341,583;
4H%. $230,000; 4%%,
6H%, $12,500.
$15,000;
$41,694; 5M%, $10,000; 5H%, $30,000; 6%, $384,296;
Bonds, stocks, etc. (average rate on amount invested, 4.39%).
Number of loans not over $3,000 each, 851, amounting to $1,190,894.66.
180 real estate loans made during year, amounting to $770,370.
*
Board
of
Investment.
t Auditing
Committee.
6%,
5%,
D.
P.
130
8,
Part
I.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits during year, 16,420,
Number
of
Net
2%%
$
Uj'n-?
isz
1^1,971 2S
1,235,547 87
214%
amounting to (accounts opened
1,134)
.
$1,474,801 69
1,201,314 46
withdrawals during year, 9,377, amounting to (accounts closed 970)
amount due depositors (accounts increased
increase in
$273,487 23
164)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$950,000 United States 434s
10,000 Boston 4s
3,500 Cambridge 4s
30,000 Fall River 4s
8,000 Leominster 3J^s
12,000 Leominster 3%s
4,500 Marion 4s
30,000 Quincy 4s
Par Value
$25,000 Boston
1,000 Boston
11,000 Boston
10,000
3,000
30,000
25,000
15,000
20,000
10,000
6,000
550 Sterling 3.90%
5,500 Sterling 4 Ms
500 Sterling 5s
66,000
5,000
Waltham
C,
B.
& Maine 4s
& Maine 4^s
& Maine 7s
& Q. 3Hs
Fitchburg 4s
Central 3Ms
Lake Shore & M. So. 4s
X. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
X. Y., X. H. & H. 4s
Old Colony 4s
Illinois
Par Value
$13,000 Boston Elevated 6s
5s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$125,000
Gas, Electric and Water
Com-
pany Bonds
$50,000 X. E. Power Co. 5s
10,000 West Boston Gas Co. 7s
4s
W.& S.Acton (W.D.)
West End
11,000
4s
Street Railway
Railroad Bonds
$15,000 Boston & Albany 3V£s
30,000 Boston & Albany 4s
Bonds
Bank Stocks
$20,000 Boston Elevated 4s
31,000 Boston Elevated 5s
Shs.
150 Leominster XI. Bk.
LEXINGTON — LEXINGTON SAVINGS BANK
Incorporated March 11, 1871.
:,
rt
George E. Briggs, President
Board
of Trustees
Xumber
^^ Q ^^ ^^
j
™ n Ballard,
ii„«j A.
.V,^
i
is
^
q/
^
Briggs,
T
RlnrWtt G E Br
L^odgett
r
of corporators,
49
Edwin B. Wort hen.
Treasurer.
Corporation
J.
E. Crone,* L. L. Crone, T. A. Custance,
j £ A Mulliken> h. S O NichoO
Whitney.t E. B. Worthen.
*
•
DeP
*
C
TpAl and Octobl
frr,™
tW
first
dav
of
Wednesday of
each month; dividends are payable the third
(except Saturdays), 12 m. to 5 p.m.; Satur-
day
.XsintsKu^ ^business
business.
p.m. for general
days, 10a!m. to 12 m., 7 to 8
STATEMENT OF CONDITION, OCTOBER
Liabilities
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
.
.
•
•
1924
31,
Securities acquired for debts
Loans on real estate (less $»,3UU
.
due thereon)
Loans on personal security
Bank building (est. vah, $4o,000)
Taxes, insurance, etc., paid on
mortgaged properties
.
.
.
$189,879
224,702
67,195
8,412
23,898
43
40
00
50
75
Deposits (3,772 accounts, average,
S338.05)
Christmas and other club deposits
.
$1,275,145 59
370 90
Surplus:—
a. Guaranty fund U.01% of de-
58,300 00
16,733 49
posits)
73,294 67
450 00
Profit and loss
Interest, rents, etc.,
b.
.
less
current
,004 17
expenses and taxes
662,880 00
26,820 00
28,800 00
.
244 60
.
Due from banks and
trust
com-
panies
Cash and cash items
$1,355,554 15
Total Assets
*
Board
45,625 30
3,351 50
of
Investment.
Total Liabilities
t Auditing
$1,355,554 15
Committee.
P.
D.
8,
Part
131
I.
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
$436.00
.
32
Cost
Cost
Gross income received during the year, $65,624.35.
Rates on Investments and Loans (Average on
185 real estate loans,
Other Expenses
Total
$1,966.16
$8,405.63
1.45
6.19
4.33
Advertising
$3,477.75
$600.00
$1,925.72
for
1.42
2.56
.44
per $1,000 of assets
and
rent
including
State
tax
not
assets
of
$1,000
per
\mount paid
averaging $3,583.13 (average rate, 6.03%);
oY2 %
All,
5.42%)
6%,
$33,850;
$33,430; 77c, $25,550.
27 personal loans, averaging $993.34 (average rate, 4.72%); 3%, $10,000;
Bonds, stocks, etc. (average rate on amount invested, 4.73%).
Number of loans not over $3,000 each, 118, amounting to $162,550.
38 real estate loans made during year, amounting to $153,475.
6^%.
$570,050;
l
b A%,
$8,610;
6%,
$8,210.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct..
Number
of deposits during year, 8,202,
Number
of
2%
$22,891 96
23,486 87
326,027 67
1924, 2%.
to (accounts opened 955)
amounting
$372,406 50
268,329 01
withdrawals during year, 2,610, amounting to (accounts closed 278)
Net increase
in
amount due
$104,077 49
depositors (accounts increased 677)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$147,150 United States 4 34s
10,000 U. S. Treas, Notes 4^s
5,000 U. S. Certs. Indeb.4^3
5,000 U. S. Certs. Indebt.
9,000 Lynn 5s
8,000 Lexington 5%s
4%s
Public Funds, Notes
Hull 5s
$9,000
Railroad Bonds
$10,000 Aroostook Northern 5s
5,000 Baltimore & Ohio 4J^s
10,000
2,000
9,000
25,000
2,500
24,000
5,000
6.000
Telephone Company Bonds
Par Value
$5,000
14,000
6,000
20,000
10,000
15,000
10,000
30,000
10,000
5,000
11,000
Illinois
Cent. 3X>s
&
&
Nash. 5s
Nash. 5^3
Maine Central 4J^s
Mil., Sparta & N. W. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 5s
Old Colony is
Louis.
Louis.
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Eastern Mass. 4^s
$10,000
10,000
22,000
15,000
2,000
10,000
& Aroostook 5s
& Albany 4>
West End 6^3
& Albany 5s
West End 4s
& Maine 4^s
Wore.
Consolidated 4 'is
& Maine 6s
C. B. & O. 4s
Boston Terminal Co. Bonds
Chi.. Mil. & St. P. 4s
Conn. & Pass. Rivera 4s
$10,000 Boston Terminal 3^s
Bangor
Boston
Boston
Boston
Boston
Par Value
$14,000 Am. Tel. & Tel. Co. 4s
6,000 Am. Tel. & Tel. Co. 5s
6,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
&
Dedham &
$10,000 Char. G.
E. Co. 5s
H. P. Gas &
1,000
Elec. Co. 6s
11,000 Lawrence Gas Co. 7s
7,000 Marl. & Hudson Gas Co.
2,000 Mil. El. Lt. & P. Co. 5s
10,000 N. E. Power Co. 5s
10,000 N.B.G.&Ed.Lt.Co. 5s
10,000 Newb'y't Gas & Elec.
Co. 5s
2,000 North'n El. Lt. Co. 5s
1,000 Spencer Gas Co. 5s
10.000 Turners Falls P. & El.
Co. 5s
LOWELL — CENTRAL SAVINGS BANK
Incorporated
Henry W. Barnes,
March
3,
1871.
Number
of corporators,
Arthur
President.
Harold D. Macdonald, Clerk of
J.
Murkland, Treasurer.
the Corporation
Board of Trustees: H. W. Barnes, *f D. M. Cameron,* E. G. Dumas,* H. E. Fletcher, L. L. Fortin, W. E.
Hall,* H. H. Harris, G. L. Huntoon, H. A. King, J. E. Lamoureux, P. S. Marden, G. F. Martin.
A. J. Murkland, A. G. Pollard,* H. G. Pollard, t Amasa Pratt,* M. H. Pratt, A. D. Prince, W. T.
Bheppard, F. K. Stearns.t P. F. Sullivan, L. T. Trull, E. H. Walker, H. L. Whiteley, F. N. Wier.
first Saturday of each month: dividends are payable first Monday after first
of May and November.
Business hours: 9 a.m. to 3 p.m.; also Saturdavs, 9 to 5 and 7 to
Close Thursdavs at 12.30 p.m.*
Deposits draw interest from
Saturdav
9 p.m.
*
Board
of
Investment.
t Auditing
Committee.
—
132
P.
STATEMENT OF CONDITION, OCTOBER
Assets
f
Bank
;tn<l
trust
14 4.
UW.06)
286 00
Christmas and other club deposits
67,000 00
110,875 00
7,300 00
Telephone company bonds
company stocks
Loans on real estate (less $41,540
due thereon)
Loans on personal security
.
a.
Guaranty fund (5.01% of
,703,758 31
60,294 ."»ii
de-
posits)
t
I.
Surplus:
4,149,430 00
649,144 00
35,000 00
Hank building (eat. val. 966,760)
Due from hanks and trust com-
Part
S,
Liabilities
Deposits (18,787 accounts, average.
$2,770,054 00
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
D.
1924
31,
389,000
278,253
173
166,528
and loss
Discount unearned
Reserved for dividends
Other liabilities
b.
Profit
.
.
00
21
70
56
2,714 36
151,799 97
9,833 67
panies
Cash and cash items
Total Assets
Total Liabilities
$8,600,722 64
$8,600,722 64
Total Expenses for the Year, including State Taxes
State
Amount paid
Tax (Net)
Rent
Salaries
Other Expenses
Total
$10,418.79
$41,068.19
Advertising
$685.56
for
$5,459.24
$22,504.60
$2,000.00
.63
2.62
.23
per $1,000 of assets
per $1,000 of assets not including State tax and rent
.
Cost
Cost
Gross income received during the year, $441,982.29.
.08
Rates on Investments and Loans (Average on
1.21
All,
4 77
3.9J
5.33%)
1,368 real estate loans, averaging $3,033.20 (average rate, 5.99%); 5%, $55,650; 6%, $4,093,780.
109 personal loans, averaging $5,955.45 (average rate, 5.23%); 4^%, $25,000; 5%, $330,847;
$175,000: 6%, $118,297.
Bonds, stocks, etc. (average rate on amount invested, 4.60%).
Number of loans not over $3,000 each, 1,009, amounting to $1,571,268.
304 real estate loans made during year, amounting to $1,222,716.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits during year, 37,962,
Number
of
Net
1924,
amounting
234%
234%
....
••opened
$164,520 92
167,448 41
1,338,350 67
.
to (accounts
3,508)
$1,670,320 00
1,581,808 84
withdrawals during year, 15,920, amounting to (accounts closed 2,255)
increase in
amount due depositors (accounts increased
1,253)
$88,511 16
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$800,000 U. S. Treas. Certs. 4J^s
477,000 U. S. Treas. Certs. 4%s
20,000 U. S. Treas Bonds 434 s
1,178,300 United States 4%*
11,550 Lowell 4s
2,000 Lynn 4s
34,800 Chelmsford 6s
Public Funds, Notes
Chelmsford 4s
Chelmsford 434 s
Chelmsford 4^8
Chelmsford 4%s
Chelmsford 534s
Chelmsford 6s
Dracut 434s
Dracut 43^s
Dracut 4%s
Dracut 4%s
$39,000
44,300
9,510
27,412
8,040
2,400
2,000
3,000
8,000
900
X7.000
41,000
Tewksbury 434 s
Tewksbury 4%s
Railroad Bonds
Par Value
$15,000
20,000
10,000
8,000
65,000
35,000
6,000
10,000
25,000
10,000
30,000
25,000
80,000
15,000
25,000
Top &
Fe 4s
Baltimore & Ohio 4s
Boston & Albany 3Ms
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 4^s
Boston & Maine 6s
Atch.,
S.
Chi., Mil.
&
&
St. P.
Pitts.
4^s
Cleveland
33^s
Fitchburg 4s
L. Shore & Mich. So. 4s
Maine Central 4Hs
10,000 Minn., S. P. & S. Ste.
M.
55,000
100,000
20,000
25,000
25,000
30,000 Port,
& Rum.
1,000 Ports., Gt. F.
1
-
Falls 4s
&
Con'y
43^8
10,000 St. P., Minn.
& Man.
434s
25,000 Washington Co. 3' £s
&
N. Y. Air Line 4s
C, B. & Q. 3^s
Chi., Mil. & St. Paul 4s
B.
Par Value
$65,000 Old Colony 4*
35,000 Pennsylvania 4
4s
Street Railway Bonds
$50,000 Boston Elevated 4s
24,000 Wore. & Southbridge 7s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$130,000
New England
R. R. 4s
N. Y., N. H. & H. 4s
No. Pacific 4s
No. Pacific 6s
Old Colony 33^s
Bank Stocks
Shs.
3
Union XI. Bk., Lowe!
—
P. D. 8, Part
13:-!
I.
LOWELL — CITY INSTITUTION FOR SAVINGS
Incorporated April
12. 1837.
Number
of corporators,
Frank
Charles P. Conant, President.
John H. Murphy, Clerk of the Corporation.
\V.
40
Hurd, Treasurer.
Lewis A. Putnam, Assistant Treasurer.
Board of Trustees: E. M. Abbot, t Albert Bergeron, Frank Coburn,* C. P. Conant.* E. J. Cilmore, T. P.
Hall.t J. G. Hill,*t Leonard Huntress,* F. W. Hurd, N. D. Keables.* G. M. Macartney, E. G. Morrison, J. H. Murphy, Joseph Peabody,* A. D. Sargent, Ames Stevens.
Deposits draw interest from second Saturday of each month: dividends are payable the Monday following the second Saturday of January and July. Business hours: 9 a.m. to 3 p.m.; Saturdays,
9 a.m. to 1 p.m. and 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate
Loans on personal security
Bank building
.
....
(est. vol.,
$133, 550)
Other assets
Due from banks and trust com
31,
1924
Liabilities
$2,789,473
2,806,192
832,843
309,895
00
50
75
59
Deposits (24,972 accounts, average,
$771.57)
Surplus:
Guaranty fund (4-99%
a.
posits)
403,300 00
240,000 00
50,675 49
13,265,642 58
301,945 50
147,918 49
3,963 65
panics
b. Profit and loss
Interest, rents
Other
liabilities
$19,267,817.29
of de-
....
....
960,700
811,079
178,395
23,875
00
29
76
64
84,785 73
5,231 70
Cash
Total Assets
21,241,867 98
Total Liabilities
$21,241,867 98
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Salaries
Rent
Amount paid for
$16,360.45
$35,770.00 $1,825.00
Cost per $1,000 of assets
.77
1.68
.09
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $1,129,343.77.
.
Advertising
$4,348.45
.20
Total
Other Expenses
$10,683.65
$68,987.55
3.24
.50
2.38
Rates on Investments and Loans (Average on All, 5.55%)
(average rate, 5.91%); 5M%. $1,450;
o%%, $35,000; 6%, $10,937,484.
74 personal loans, averaging $4,080.34 (average rate, 5.89%); 5%, $30,000; o
$266,821.
Bonds, stocks, etc. (average rate on amount invested, 4.89%).
Number of loans not over $3,000 each, 694, amounting to $1,195,492.35.
503 real estate loans made during year, amounting to $2,974,949.
5^%,
1,323 real estate loans, averaging $10,026.94
A%,
l
$2,291,708;
$5,125;
6%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2V2 %
2V2 %
$438,557 69
457,411 64
during year, 33,290, amounting to (accounts opened 2,430)
withdrawals during year, 27,301, amounting to (accounts closed 2,069)
Net increase
*
in
Board
amount due depositors (accounts increased 361)
of
Investment.
3,484,4.33 32
$4,380,422 65
3.216,635 92
$1,163,786 73
t
Auditing Committee.
—
P. D. 8, Part
134
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$150,000 V. S. Treas. Bonds 4}
2,050,000 United States 4^s
Railroad Bonds
Baltimore & Ohio 5s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 4^s
Chi., Mil. & St. Paul
Chi., Mil. & St. Paul
Chi. & Northwestern
$175,000
59,000
30,000
60,000
40,000
100,000
50,000
100,000
75,000
50,000
166,000
150,000
100,000
100,000
100,000
35,000
175,000
125,000
200,000
I. & Pac. 4s
Chi.,St.P. Minn.& O.
& Pass. Riv's 4
Fitchburg 5s
Fre., Elk. & Mo. Val.
Ka., Alleg. & G. Rap. 5s
Louisville & Nash. 5s
Chi., R.
Conn.
Maine Central 4^s
Montana Central 6s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3
N. Y., N. H. & H. 4s
J-
Gas, Electric and Water
Par Value
$200,000 No. Pacific 6s
100,000 Norwich & Wore. 4s
Par Value
$60,000 N. B. Gas & Ed. Lt.
Co. 6^s
150,000 N. E. Power Co. 5s
55,000 Turners Falls P. & E.
Co. 5s
5,000 Old Colony 4s
220,000
50,000
83,000
100,000
32,000
100,000
65,000
Old Colony 5^s
Pennsylvania 4Ms
Pitts., McK. & Y. 6s
Port. Terminal Co. 4s
& Man.
St. P. Minn.
So. Pacific 6s
St. Louis, P.
&
6s
W.
N.
50,000 Weym'hLt.&P.Co.5^s
100,000 Wore. Gas Lt. Co. 5^s
13,000 Wore. Gas Lt. Co. 6s
5s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated 6s
Eastern Mass. 4J^s
Lynn & Boston 6s
$225,000
50,000
150,000
175,000
50,000
150,000
50,000
West End
Bank Stocks
Shs.
107 Atl. Nl. Bk, Boston
1,000 Nl. Shawmut Bk., Boston
36 Nl. Union Bk., Boston
265 Second Nl. Bk., Boston
85 Web. & At. Nl. Bk., Boston
42 Fram. Nl. Bk., Fram.
30 Bay State Nl. Bk., Lawr.
710 Appleton Nl. Bk., Lowell
100 Union Nl. Bk., Lowell
25 First Nl. Bk., Marlborough
4s
Wore. Consol.
4^s
Telephone Company Bonds
$97,000 Am. Tel. & Tel. Co. 4s
94,000 Am. Tel. & Tel. Co. 5s
129,000 N. E. Tel.
LOWELL— LOWELL
&
Tel. Co. 5s
BANK
FIVE CENT SAVINGS
Incorporated April 12, 1854.
Number
of corporators, 43
Edward
Austin K. Chadwick, President.
Arthur C. Spalding, Clerk of the Corporation.
Com-
pany Bonds
F.
Lamson, Treasurer.
Charles A. Smith, Assistant Treasurer.
Board of Trustees: C. A. Abbott,* C. E. Bartlett,*t A. K. Chadwick,* T. T. Clark, W. B. Clark.t J. A.
Legare, G. S. Motley, A. D. Parker.f C. M. Runels,* C. W. Russell, A. T. Safford,* A. C. Spalding,
S. H. Thompson,* J. C. Wadleigh.
first Saturday of each month; dividends are payable Monday following first
January and July. Business hours: 9 a.m. to 3 p.m.; Thursdays, 9 a.m. to 12.30 p.m.;
Deposits draw interest from
Saturday
of
Saturdays, 9 a.m. to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
$1,109,361
1,487,910
210,000
62,625
167,568
Bank
building (est. val., $140,000)
Real estate by foreclosure, etc., (as
sessed value, $3,160)
Due from banks and
trust
accounts,
aver-
Guaranty fund (5.03%
of de-
$8,598,790 59
Surplus:
a.
posits)
.
b. Profit and loss
Interest, rents, etc
.
.
.
.
.
.
.
.
433,000 00
340,032 06
171.582 95
1
00
com
43,743 36
11,598 61
...
....
Total Assets
Deposits (25,031
age, $343.52)
5.774,400 00
363,495 98
140,000 00
panies
Cash and cash items
90
00
00
00
75
131,600 00
41,100 00
1.00
.
....
1924
Liabilities
Securities acquired for debts
Loans on real estate (less $15,550
due thereon)
Loans on personal security
31,
$9,543,405 60
Total Liabilities
$9,543,405 60
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
paid for
$7,568.05
$27,251.89 $10,000.00
Cost per $1,000 of assets
.79
2.85
1.05
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $523,276.39.
.
*
Board
of Investment.
Advertising
Other Expenses
$933.32
$7,243.82
.10
.76
Total
$52,997.08
5.55
3.71
t Auditing
Committee.
P. D. 8, Part
135
I.
Rates on Investments and Loans (Average on
All,
5.64%)
1,048 real estate loans, averaging $5,509.92 (average rate, 5.99%); 4J4%, $19,500;
$177,800; 6%, $5,426,725; 6^%, $94,800; 7%, $44,200.
60 personal loans, averaging $6,058.27 (average rate, 5.37%); 4
$45,000;
$31,500; o l
$8,450; 6%, $130,997; 7%>, $1,000.
Bonds, stocks, etc. (average rate on amount invested, 5.05%).
Number of loans not over $3,000 each, 722, amounting to $966,790.98.
175 real estate loans made during year, amounting to $967,550.
%%,
A%,
5%,
$11,375;
53^%,
5%, $146,549;
b%%,
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during vear: Jan., 1924,
July, 1924,
Number
of deposits during year, 41,221,
Number
of
$180,165 77
183,892 53
2,072,893 49
2J4%
2M%
amounting to (accounts opened 3,471)
$2,436,951 79
2,243,267 28
withdrawals during year, 32,519, amounting to (accounts closed 3,706)
Net increase
in
amount due depositors (accounts decreased 235)
$193,684 51
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$80,000 U. S. Treas. Bonds 4Ms
1,080,000 United States 4Ms
'
I
'
85,000
25,000
20,000
25,009
40,000
19,000
25,000
100,000
20,000
40,000
B.
B.
&
&
Louis.
&
Nashville 6s
Maine Central 4^s
Michigan Central 3^s
Minn., St. P. & S. Ste.
4s
30,000 Minn., St. P.
Alleghenv Vallev 4s
Atchison T. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Albanv 3Ms
Boston & Albany 4s
Boston & Maine 4s
Boston & Maine 4Hs
Central of Georgia 5s
C,
C,
$25,000
70,000
20.000
30,000
M.
Railroad Bonds
$10,000
10,000
20,000
20,000
30.000
10,000
50,000
25,000
50,000
20,000
20,000
50,000
35,000
20,000
70,000
30,000
50,000
Boston Terminal Co. Bonds
Par Value
Q. 3Hs
Q. 4s
M.
25,000
50,000
90,000
30,000
20,000
25,000
47,000
40,000
25,000
75.000
70,000
S. Ste.
&
&
H. R. 3^s
H. R. 5s
N.Y., N.H. & H. 4s
No. Pacific 6s
No. Wisconsin 6s
Norwich & Wore. 4s
Pennsvlvania 4Hs
Pennsylvania 5s
Port. & Ogdens. 4^s
Portland Terminal 4s
San Fran.
& San
J. Val.
5s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4^s
Chi., Mil. & St. Paul 5s
Chi., Minn., St. P.
O.
6s
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Chi., R. I. & Pacific 4s
&
Fitchburg 4s
&
Fre., Elk.
Mo. Val. 6s
Illinois Central
Illinois Central 4s
3^s
Lex. & Eastern 5s
Louis. & Nashville 5s
10,000
50,000
7,000
32,000
20,000
Sioux City
&
Pac.
3^s
So. Pacific 4s
So. Pacific 6s
St.
Paul Min.
Holvoke
Gas, Electric and Water
5s
West End 6s
West End 6Ms
Wore. Consol. 4J^s
Com-
pany Bonds
$30,000 Lawrence Gas Co. 7s
10,000 Newb'y't Gas & Elec.
Co. 5s
10,000 N. E. Power Co. 5s
5,000 Old Colonv Gas Co. 5s
50,000 Turners Falls P. & El.
Co. 5s
K.000 West Boston Gas Co. 7s
20,000 New Bed. G. & Ed. Lt.
5s
6a
Falls 5s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Eastern Mass. 4^s
$75,000
45,000
60,000
10,000
10,000
40,000
40,000
$80,000 Am. Tel. & Tel. Co. 4a
50,000 Am. Tel. & Tel. Co. 5s
50,000 N. E. Tel. & Tel. Co. 53
& Man.
Wilmar & Sioux
3^8
Telephone Company Bonds
&
5s
N. Y. C.
N. Y. C.
Par Value
$80,000 Boston Terminal
Bank Stocks
Shs.
50 Applet on Nl. Bk., Lowell
10
200
40
25
66
20
Merchants Nl. Bk., Boston
Nl. Shawmut Bk., Boston
XI. Union Bk., Boston
Second Nl. Bk., Boston
Union Nl. Bk., Lowell
Wamesit Nl. Bk., Lowell
—
P. D. 8, Part
136
I.
LOWELL — LOWELL INSTITUTION FOR SAVINGS
Incorporate! February 20, 1S29.
Number
of corporators, 33
Edward B. Carney,
Frederic A. Fisher, President.
Joseph L. Gushing, Clerk of the Corporation.
James E. Gibson,
Treasurer.
Assistant Treasurer.
Board of Trustees: J. C. Abbot, George Bowers,* J. A. Cameron, E. B. Carnev.* J. L. Cushing.t Harry
Dunlap,* H. N. Elliott, F. A. Fisher, Appleton Grannis, C. H. Hobson,*'.J. A. Hunnewell.t R. F.
Marden.t L. A. Olney, E. H. Scribner,* R. P. White.
Deposits draw interest from first Saturday of each month; dividends are payable the Monday after the
first Saturday of May and November.
Business hours: 9 a.m. to 3 p.m.; Thursdays, 9 a.m. to 12.30
p.m.; Saturdays, 9 a.m. to 1 p.m., 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $15,200
due thereon)
Loans on personal security
....
Bank
building (est. vol, $160,000)
Taxes, insurance, etc., paid on
mortgaged properties
trust
1924
Liabilities
$1,061,315
2,183,975
398,029
96,753
18
87
Deposits (16,328 accounts, average,
$11 173,985 80
49,186 25
S68/+.84)
10
Christmas and other club deposits
30
Surplus
a.
98,532 50
56,700 00
:
....
Guaranty fund (5.00% of
de-
Profit and loss
Reserved for dividends
561,158 00
441,564 99
243,415 27
Total Liabilities
$12,469,310 31
posit*)
/).
.
7,634,525 91
555,508 00
160,000 00
284 50
.
Due from banks and
31,
com-
panies
198,396 32
25,289 63
Cash and cash items
Total Assets
$12,469,310 31
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
$29,432.27 $2,400.00
paid for
$11,764.73
.94
2.36
.19
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $657,278.76.
.
Advertising
Other Expenses
Total
$2,907 50
$12,816 24
1.03
$59,320 74
4.71
3.62
.
.23
Rates on Investments and Loans (Average on
All,
5.52%)
averaging $8,019.46 (average rate, 5.88%); 4H%, $45,000;
$1,096,500; 6%, $5,849,382; 6^%, $277,000.
160 personal loans, averaging $3,471.92 (average rate, 5.21%); 4*4%, $25,000;
$132,000; 6%), $63,993.
Bonds, stocks, etc. (average rate on amount invested, 4.85%).
Number of loans not over $3,000 each, 632, amounting to $914,999.19
197 real estate loans made during year, amounting to $1,035,125.
952
.
.
real estate loans,
5'
{
•">';,
.
$366,644; 5>6%,
$334,515;
5'.
%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May.
Number
of deposits
Number
of
1924,
2%%
2M%
during year, 22,952, ^amounting to (accounts opened 1,522)
withdrawals during year, 17,648, amounting to (accounts closed 1,594)
Net increase
*
in
Board
amount due depositors (accounts decreased
of Investment.
$235,869 63
242,064 60
1,728,815 80
52,206.750 03
1,938,973 63
$267,776 40
72)
t Auditing
Committee.
—
P. D. 8, Part
13'
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
l
$1,250 United States 3 As
920,800 United States 4M»
300 Massachusetts 4s
Par Value
$47,000
75,000
53,000
15,000
25,000
50,000
25,000
100,000
50,000 Missouri 5s
1,750 Br»ckton 4s
1,500
2,200
1,000
2,000
1,000
Brockton 4>£s
Canton, O., 5s
Cleveland O., 4>£s
75,000
100,000
59,000
121,000
104,000
92,000
35,000
25,000
17,000
25,000
35,000
51,000
25,000
153,000
75,000
iV
Flint, Mich.,
2s
Hamilton O., 5s
500 Lawrence 4s
0,500 Lowell 4s
7,600 Medford 4s
4,000 New Bedford 4s
9,000 Salem 4s
2,500 Bourne 4^s
3,000 Franklin 4s
1,000
Gorham, N. H., 4s
4,800
6,500
6,500
4,400
4,500
Mattapoisett 4s
Pepperell 4s
Ware (F. D.) 4s
No. Chelms. (F. D.) 4s
No. Conwav, N. II.
(W. D.) 4s
19,000
50,000
3,000
34,000
3,000
52,000
22,000
15,000
& Albany 5s
& Lowell 4s
& Maine 4J4s
Boston, R. B. & Lynn
4Ms
Carth. & Adiron. 4s
C, B. & Q. 4s
&
H. R.
Phi. Bait. & Wash. 5s
Port. & Ogdens. 43^s
Port. & Rum. Falls 4s
Portland Terminal 5s
Somerset 4s
St. Louis, Pa. & N.W. 5s
Vermont Valley 4Ks
Wore, Nash.&Roch.4s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4J^s
Boston Elevated 5s
Boston Elevated o}4s
Eastern Mass. 4J^s
Eastern Mass. 6s
Central of Georgia 5s
Chi. & Northwestern 5s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 43^s
Chi., R. I. & Pac. 4s
Cleve. Short Line 4>^s
Conn. & Pass. Rivers 4s
Conn. River 4s
Delaware & Hudson 4s
Fitchburg 4s
M. 4s
100,000 N. Y. Central
Public Funds, Notes
Par Valu
$113,000 Pennsylvania 43^s
Boston
Boston
Boston
Fitchburg 4^s
Illinois Central 4s
Louis. & Nash. 4^s
1,000 Me. Cen. E. & N. A. 4s
50,000 Maine Central 4^s
50,000 Minn., St. P. & S. Ste.
11,000 Worthington (F. D.) 4s
$53,000
25,000
62,000
65,000
147,000
25,000
1,000
6,000
8,000
25,000
1,000
20,000
Marlboro & Westboro 7s
N. B., Mid. & Brock. 5s
West End 4 As
West End 5s
l
Wore. Consol. 4j/£s
Wore. & Southb. 4^s
Boston Terminal Co. Bonds
$105,000 Boston Terminal 3>£s
Gas, Electric and Water
50,000
150,000
42,000
25,000
25,000
16,000
50,000
Tvngsborough 4%s
Tyngsborough 5s
Railroad Bonds
$55,000 Atch., Top. & S. Fe" 4s
63,000 Bangor & Aroostook 5s
N. Y. Central & H. R. 5s
N. Y., N. H. & H. 4s
No. Main Seaport 5s
No. Pacific 4^s
No. Pacific 5s
Old Colony 4s
Old Colonv 5^8
Com-
pany Bonds
4^s
$1,600 Tvngsborough 4s
8,000
8,000
Baltimore & Ohio 4s
Baltimore & Ohio 4>£s
Baltimore & Ohio 5s
Boston & Albany 4s
$100,000 N. E. Power Co. 5s
Bank Stocks
Shs
473 Second Nl. Bk., Boston
5 Nl. Shawmut Bk., Boston
89 Union Nl. Bk., Lowell
LOWELL — MECHANICS SAVINGS BANK
Incorporated March
1,
1861.
Number
of corporators,
Charles H. Ologston, President.
42
Julian B. Keyes, Treasurer.
Haven G.
Hill, Clerk of the
Corporation
Bowen, E. N. Burke, C. H. Clogston,* A. L. Eno, F. A. Flather, Frank Hanchett,
A. E. Hatch, H. G. Hill, W. H. Hoyt, J. B. Keves, A. D. Milliken, C. H. Nelson,* N. G. Norcross.f
Board
of Trustees:
E. L.
H. H. Parker. f W. L. Parker,* M. A. Rawlinson, W. W. Rawlinson, P. A. Read,
Sawyer,* T. A. Stevens,* J. F. Talbot, J. K. Whittier.f
Deposits draw interest from
first
Saturday
of
J. J.
Rogers,
J.
F.
each month; dividends are payable the Monday following
Business hours: 9 a.m. to 3 p.m.; Thursday, 9 a.m. to
the first Saturday of June and December.
12.30 p.m.; Saturdays. 9 a.m. to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Securities acquired for debts
Loans on real estate (less $6,000
.
due thereon)
Loans on personal security
Bank building (est. val. $125,000)
Due from banks and trust com.
panies
Cash and
items
Total Assets
'Board of Investment.
31,
1924
Liabilities
$572,318
615,450
192,580
99,412
66
00
00
50
Deposits (7,288 accounts, average,
$701.11)
Christmas and other club deposits
a.
24,400 00
3,900 00
76 00
.
$5,109,732 09
67,492 75
Surplus;
Guaranty fund (5.01%
of de-
....
posits)
Profit and loss
Interest, rents, etc.,
b.
less
259,293 18
122,479 17
current
expenses and taxes
44,983 79
3,448,242 44
398,481 37
89,000 00
132,316 16
27,803 85
$5,603,980 98
Total Liabilities
t
$5,603,980 98
Auditing Committee.
138
P.
D.
S,
Part
I.
Total Expenses for the Year, including State Taxes
State Tax (Net)
Salaries
Rent
Advertising
paid for
$5,154.55
$16,005.94 $4,000.00 $3,603.09
Cost per $1,000 of assets
.92
2.86
.71
.64
Cost per $1,000 of assets not including State tax ami lent
Gross income received during the year, $280,902.22.
Amount
.
Rates on Investments and Loans (Average on
Other Expenses
$5,514.50
All,
Total
$34,278 08
6.11
.98
4.48
5.49%)
averaging $6,708.64 (average rate, 6%); 6%, $3,441,642; 6^%, $6,600.
l
averaging $7,245.11 (average rate, 5%); A A%,
66
$75,000; 4M%, $25,000;
$190,979; »%%, $75,000; 5V2 %, $11,950; 6%, $20,552.
Bonds, stocks, etc. (average rate on amount invested, 4.47%).
Number of loans not over $3,000 each, 305, amounting to $484,832.
116 real estate loans made during year, amounting to $724,750.
514
real estate loans,
personal loans,
5%i
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: Dec, 1923,
2%%
June, 1924,
2\i%
Number
of deposits during year, 8,684,
Number
of
Net
amounting
....
$109,412 00
111,295 46
770,708 39
.
to (accounts opened 874)
$991,415 85
897,875 66
withdrawals during year, 6,887, amounting to (accounts closed 722)
increase in
amount due depositors (accounts
increased 152)
$93,540 19
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$565,000 United States 4J4s
15,000 Andover 4s
25,000
25,000
15,000
15,000
25,000
Central 3s
Central 4s
Eastern 5s
Maine Central 43^s
Minn., St. P. & S. Ste.
Illinois
Illinois
Lex.
Railroad Bonds
Baltimore & Ohio 4s
Boston & Maine 4s
Boston & Maine 4^s
Boston & Maine 6s
C,
B.
&
Q.
Chi., Mil.
Chi.
&
&
3V2 s
St. P. 4j/£s
Northwestern 4s
10,000
25,000
25,000
50,000
65,000
50,000
30,000
50,000
30,000
1
25,000 AVest
&
M.
$25,000
40,000
25,000
22,500
50,000
10,000
21,000
Street Railway Bonds
Par Value
$150,000 Boston Elevated 4s
22,000 Eastern Mass. 4 gs
Par Value
$20,000 Delaware & Hudson 4s
10,000 Fitchburg 4s
End
4s
Telephone Company Bonds.
$50,000 Am. Tel. & Tel. Co. 4s
4s
50,000 Am. Tel. & Tel. Co. 5s
10,000 N. E. Tel. & Tel. Co. 5s
New England 4s
N. Y. C. & H. R. 3Hs
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^3
N. Y., N. H. & H. 4s
No. Pacific 6s
Old Colony 4s
Pennsylvania 4J^s
Portland Terminal 4s
Gas, Electric and Water
Com-
pany Bonds
$25,000 N. E. Power Co. 5s
Shs.
'
Bank Stocks
39 Union Nl. Bk., Lowell
LOWELL — MERRIMACK RIVER SAVINGS BANK
Incorporated February 24, 1871.
Nathan G. Lamson,
James G. Hill, Clerk
President.
of the Corporation.
Number
of corporators,
26
Thomas H. Varnum, Treasurer.
M. Gray, Assistant Treasurer.
Earl
Board of Trustees: B. F. Cadv, Michael Corbett, C. M. Forrest,* W. H. Fuller,* F. S. Harvey. t J. JHarvey, F. H. Havnes, J. G. Hill.t J. H. Johnson,* N. G. Lamson,* E. I. Macphie, Charles Runels,
R. C. Runels, H. C. Taft.*t
Deposits draw interest from first Saturday of each month; dividends are payable Monday following the
first Saturday of May and November.
Business hours: 9 a.m. to 3 p.m.; Thursdays, 9 a.m. to 12.30
p.m.; Saturdays, 9 a.m. to 1 p.m. and 7 to 9 p.m. for deposits and payments.
*
Board
of
Investment.
t
Auditing Committee.
—
P.
D.
Part
8,
139
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
(less
estate
on
real
Loans
$13,181.07 due thereon)
Loans on personal security
.
.
Bank building
(est. val.,
Due from banks and
$175,000)
Liabilities
Deposits (7,613 accounts, average,
$710.70)
92
75
00
00
00
$338,785
546,200
74,200
13,783
50,350
1924
31,
$5,410,558 27
Surplus:
Guaranty fund (4-99% of
a.
posits)
b. Profit and loss
Interest, rents
103,562 50
42,420 00
de-
....
Discount unearned
.
.
269,826 00
244,302 02
162,877 261,442 84
.
3,657,714 49
978,920 28
115,000 00
com-
trust
152,739 56
15,329 89
panies
Cash and cash items
Total Assets
Total Liabilities
$6,089,006 39
.
$6,089,006 39
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
Total
$4,524.73
$5,752.58
.74
.95
$38,973.85
6.40
paid for
$17,304.97 $5,000.00
$6,391.57
1 05
2 84
.82
Cost per $1 ,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $331,295.10.
.
.
.
.
53
4
Rates on Investments and Loans (Average on
All,
5.61%)
76£ real estate loans, averaging $4,863.98 (average rate, 6%); 6%, $3,657,715.
151 personal loans, averaging $6,482.91 (average rate, 5.01%); 4%, $20,000;
$195,000; 5%, $242,665; b\i%, $275,000; 5*4%, $91,900; 6%, $29,355.
Bonds, stocks, etc. (average rate on amount invested, 4.87%).
Number of loans not over $3,000 each, 575, amounting to $848,040.84.
136 real estate loans made during year, amounting to $677,750.
\Yi%, $125,000;
4
Vo
:
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during vear: Nov.. 1923,
May,
Number
of deposits
Number
of
1924,
2%%
2%%
...
$111,410 30
115,884 24
1,044,088 52
during year, 12,057, amounting to (accounts opened 871)
$1,271,383 06
1,114,618 46
withdrawals during year, 8,629, amounting to (accounts closed 841)
Net increase
in
amount due depositors (accounts increased
$156,764
30)
60-
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$350 United States 3^s
344,450 United States 4Ms
$30,000
10,000
25,000
50,000
65,000
30,000
25,000
5,000
20,000
16,000
10,000
Railroad Bonds
Baltimore & Ohio 4^9
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Maine 4s
Fitchburg
4^s
Central 4s
Lime Rock 4s
Mich. Cen. Air Line 4s
Minn., St. P. & S. Ste.
4fi
N. Y., N. H. & H. 2>Y2
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 4J^s
Pennsvlvania 4j/£s
Portland Terminal 4s
Providence Ter. 4s
Street Railway
B., R. B. & Lvnn 4^s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4Hs
Chi. & Northwestern 5s
Cleve. Short Line
Illinois
M.
Public Funds, Notes
Chelmsford (W. D.) 6s
$2,370
$35,000
45,000
15,000
35,000
24,000
15,000
25,000
45,000
25,000
20,000
35,000
Telephone Company Bonds
Par Value
;
Bonds
$50,000 Boston Elevated 4s
25,000 Wore. Consol. 4J^s
Boston Terminal Co. Bonds
4^s
I
$14,000 Boston Terminal
3^s
Par Value
$55,000
Am.
Tel.
&
Tel. Co. 4s
Gas, Electric and Water
pany
Com-
Bonds
$100,000 N. E. Power Co. 5s
5,000 Turners Falls. P. A. El.
Co. 5s
Bank Stocks
Shs.
20 Eliot Nl. Bk., Boston, in
200 First Nl. Bk., Boston
95 Atlantic Nl. Bk., Boston
27
102
liq.
Web. & At. Nl. Bk., Boston;
Wamesit Nl. Bk., Lowell
—
140
P.
LOWELL
D.
8,
Part
I.
WASHINGTON SAVINGS INSTITUTION
Incorporated
May
23, 1892.
Number
William A. Hogan, President.
William L. Gookin, Clerk of the Corporation.
of corporators,
2S
Frank A. Groves, Treasurer.
Margaret R. Cassidy, Assistant Treasurer.
Board
of Trustees: P. N. Brunelle.t C. E. Collins,* H. E. Crowley,* P. H. Dalev, F. D. Donovan.f H. S.
Drurv, J. E. Drurv,*t W. F. Farrell,* W. L. Gookin, F. A*. Groves, C. H. Hanson,* J. J. Healey,
D. E. Hogan, W. A. Hogan,* Patrick O'Hearn,* T. B. O'Hearn, F. F. Meloy, Paul Vigeant.
Deposits draw interest from the second Saturday of each month; dividends are payable the second Saturday of February and August. Business hours: 9 a.m. to 3 p.m.; Thursdays, 9 a.m. to 12.30 p.m.;
Saturdays, 9 a.m. to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
$428,091
828,941
62,293
68,311
18,625
52
.
due thereon)
Loans on personal
building
02
88
75
25
00
00
2,087,665 30
109,562 50
75,000 00
security-
(est. vol.,
$100,000)
Deposits, (8,622 accounts, average,
$3,469,609 96
$40241)
Surplus:
Guaranty fund U.78%
a.
.
.
less
165,800 00
94,620 06
current
expenses and taxes
Discount unearned
Other liabilities
37,281 51
1,072 35
161 15
71 12
value SI, 150)
insurance, etc., paid on
mortgaged properties
Due from banks and trust com.
of de-
....
....
....
posits)
b. Profit and loss
Interest, rents, etc.,
Real estate bv foreclosure (assessed
.
1924
Liabilities
Securities acquired for debts
Loans on real estate (less $9,890.70
Bank
31,
Taxes,
155 22
.
75,391 48
14,384 51
panies
Cash and cash items
Total Assets
Total Liabilities
$3,768,545 03
$3,768,545 03
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
$15,454.92 $3,000.00
paid for
$4,381.17
.80
4.10
1.16
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $202,825.74.
.
Advertising
$1,856.06
Total
Other Expenses
$6,837.43
$31,529.58
Rates on Investments and Loans (Average on
All,
8.36
6.40
1.81
.49
5.38%)
752 real estate loans, averaging $2,776.15 (average rate, 5.97%); 5%, $42,900; 6%, $2,044,765.
55 personal loans, averaging $1,992.04 (average rate, 4.34%); 3%, $25,000; 4%, $52,500; 4K>%. $1,150
6%,
$30,163;
7%,
$750.
stocks, etc. (average rate on amount invested, 4.57%).
of loans not over $3,000 each, 530, amounting to $812,351.
121 real estate loans made during year, amounting to $412,250.
Bonds,
Number
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Feb., 1924,
Aug., 1924,
Number
Number
of deposits
of
2%
2%
withdrawals during year, 10,791, amounting to (accounts closed 1,045)
Net increase
in
Board
$65,989 49
66,321 90
968,722
M
during year, 15,798, amounting to (accounts opened 1,111)
amount due depositors (accounts increased
of
Investment
$1,101,033 99
1,095,506 so
$5,527 19
66)
t Auditing
Committee.
—
P. D. 8, Part
141
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$100 United States 3^s
353,950 United States 4Ms
25,000 Boston 4s
15,000 Fall River 4s
Par Value
$10,000
15,000
30,000
25,000
10,000
35,000
35,000
5,000
10,000
30,000
10,000
15,000
25,000
9,000
10,000
30.000
30,000
Lawrence 4s
15,000
10,000
11,000
3,150
1,000
Los Angeles Cal., 4>£s
Lowell 4s
Lowell 4J^s
San Francisco,
Cal., 5s
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 43^s
Baltimore & Ohio 5s
Beech Creek 4s
Boston & Albany 4s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 6s
B. & N. Y. Air Line 4s
$51,000
30,000
30,000
9,000
15,000
25,000
64,000
7,000
10,000
20,000
10,000
C,
C,
B.
B.
Q. 3^s
Q. 4s
&
&
&
Chi. & Northwestern 4s
Cleve. Short Line 4^s
Delaware & Hudson 4s
Fitchburg 4s
25,000 So. Pacific 4s
5,000 Sunburv & Lewis. 4s
10,000 Union Pacific 4s
Great Northern 4J^s
Illinois Central 3s
Illinois Central 3Ks
Illinois Central 4s
Jameston, F. & C. 4s
L. Shore & Mich. So. 4s
Louisville & Nash. 4s
Louisville & Nash. 5s
Maine Central 4^s
Minn., St. P. & S. Ste.
Street Railway Bonds
$10,000 Boston Elevated 4s
25,000 Boston Elevated 4Hs
30,000 Eastern Mass. 4^s
M.
40,000
35,000
10,000
40,000
10,000
25,000
Par Value
$30,000 Pennsylvania 4^s
50,000 Pennsylvania 5s
25,000 Portland Terminal 5s
Chi., Mil. & Puget So. 4s
Chi., Mil. & St. Paul 4s
Chi., Mil.
St. P. 4j^s
Telephone Company Bonds
$25,000 Am. Tel. & Tel. Co. 4s
32,000 Am. Tel. & Tel. Co. 5s
14,000 N. E. Tel. & Tel. Co. 5s
4>
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 43^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Northern Pacific 4s
No. Pacific 43^s
Bank Stocks
Shs.
25 First Nl. Bk., Boston
20 Nl. Shawmut Bk., Boston
25 Old Colonv Tr. Co., Boston
LUDLOW — LUDLOW SAVINGS BANK
Incorporated February 23, 1888.
Number
of corporators, 49
Frank N. Moore, Treasurer.
Charles E. Quimby, President.
M. M. Wilder,
Clerk of the Corporation
Board of Trustees: H. A. Bartlett, C. H. Benware,* G. G. Bergeron, C. S. Browning, F. R. Burr, E. H.
Carver, W. G. Davis.t C. W. Gowen, G. F. Gurnham,t A. L. Halford,* C. P. Jones, H. A. King,
Robert Kyle. G. M. Lane, F. N. Moore,* H.W. Morrill, J.R. Morrissey, J. E. Xil«son,t A. S. Packard,*
A. C. Quimby, C. E. Quimbv, J. F. Shea, F. A. Towne,* M. M. Wilder.
Deposits draw interest from first day of each month; dividends are payable April 1 and October
ness hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Fridays, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
.
trust company stocks
Loans on real estate
Loans on personal security
Bank and
i
I
Bank building
(est. vol.,
$70,000)
Furniture and fixtures
Taxes, insurance, etc.,
mortgaged properties
Due from banks and
paid
$239,770 00
401,369 25
45,000 00
7,723 90
34,839 25
Deposits (3,820 accounts, average,
$528.80)
Christmas and other club deposits
a.
Guaranty fund (2.88%
00
75
50
34
$2,020,296 68
30,844 75
of de-
....
posits)
30,875
18,113
1.299.S56
31,463
33,000
9,000
.
Surplus:
59,007 07
100,248 66
Profit and loss
Interest, etc., less current expenses
b.
and taxes
4,811 46
00
00
350 00
com59,369 82
4,477 81
panies
('ash
1924
on
.
trust
Busi-
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
•
31,
1.
and cash items
Total Assets
$2,215,208 62
Total Liabilitiei
$2,215,208 62
Total Expenses for the Year, including State Taxes
Salaries
Rent
Advertising
State Tax (Net)
for
$5,504.59
$600.00
$730.35
$2,710.72
Cost per $1,000 of assets
2.49
.27
1.22
33
Cost per $1,000 of assets not including State tax and rent
Uross income received during the year, $119,571.13.
Amount paid
*
.
Board
of
Investment.
Other Expenses
$1,796.48
t Auditing
.81
Committee.
Total
$11,342.14
5.12
3.63
P. D. 8, Part
I
12
Rates on Investments and Loans (Average on
5.55%)
All,
rate, 6%) ; 6%.|1.299.8o7.
Ufl real estate loans, averaging $2,914.48 (average
rate 5.93%); 5%, $2,12o, 6%, $29,338.
68 personal loans, averaging $542.46 (average
4.80%)i.
Bonds, stocks, etc. (average rate on amount invested,
to $469,719.84.
Number of loans not over $3,000 each, 34b, amounting
year, amounting to $2o4,bo0.
til) real estate loans made during
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
$4 1,37s OS
42.00S S3
776,093 82
2%%
Number
1024, ZyLVc
to (accounts opened 667)
of deposits during year, 9,290, amounting
Number
of
Oct.,
.
$859,480 70
756.641 69
closed 1,030)
withdrawals during year, 5,080, amounting to (accounts
Nel increase
in
amount due depositors (accounts decreased 369)
....
$102,839 01
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$100,000 U. S. Treas. Certif.
144,000 United States 4J^s
Central 3^s
Central os
Louisville & Nash. 5s
N. Y. C. & H. R. 3^s
5,000 N. Y. C. & H. R. 4s
35,000 N. Y. C. & H. R. 5s
5,000 N. Y., N. H. & H. 3^s
10,000 No. Maine Seaport 5s
20,000 Old Colony 4s
20,000 Pennsylvania 43^s
40,000 Pennsylvania 5s
15,000 So. Pacific 4s
15,000 Union Pacific 4s
25,000 Union Pacific 5s
5,000 Washington Co. 3^3
$15,000
25,000
25,000
15,000
4Ms
Railroad Bonds
$24,000
15,000
15,000
5,000
2,000
5,000
10,000
10,000
15,000
5,000
2 000
25,000
15,000
20.000
Top &
S. Fe 4s
Ohio 4s
Ohio 4^s
Boston & Albany 4s
Boston & Albany 4J/£s
B. & N. Y. Air Line 4s
Central of Ga. 5s
Atch.,
Baltimore
Baltimore
&
&
B. & Q- 3^s
B. &Q. 4s
Chi., Mil. & St. P. 3J^s
Chi., Mil. & St. P. 4]^s
Chi. & Northwestern 5s
Delaware & Hudson 4s
Great Northern 4}^s
C,
C,
L YNN
Illinois
Illinois
Street Railway
Elmer E. Boyer,
.,
/Wen*.
Telephone Company Bonds
$3,000 Am. Tel & Tel. Co. 5s
32,000 N. E. Tel.
28, 1900.
qj
*
of Trustees!
Com-
pany Bonds
$30,000 N. E. Power Co. 5s
2,000 Turners Falls P. &
Co. 5s
El.
Bank Stocks
Shs.
50 Nl. Shawmut Bk., Boston
25 Merchants Nat'l Bk., Boston
^
of corporators,
40
Edward M. Barney,
Treasurer.
r<)rpomtl0lt
KM Barney W. Bishop M^V. Bresnahan^ E
^i^Sbb^ W^NyeVS \L¥e, 2? Har£ SLSZ G.
Boar,
Tel. Co. 5a
SAVINGS BANK
Number
^^ ^ ^^ ^
&
Gas, Electric and Water
Bonds
— COMMONWEALTH
.
Par Value
$11,000 Boston Term. Co. 3^8
$25,000 Boston Elevated 6s
10,000 West End 5s
10,000 West End OMs
Incorporated March
_
Boston Terminal Co- Bonds
Par Value
A.
E.
P. BuUerfield, F. J
Boyer^.
T. Till,* F. A. Turnbull.t H. |
Turner.
STATEMENT OF CONDITION, OCTOBER
Assets
panies
..••••
Cash and cash items
Deposits (7,254 accounts, average,
*
Board
'
of Investment.
$268.56)
U P
i
Guaranty fund (3.52%
$1,948,183 71
of de-
68,500
26,962
33,264
213
posits)
7,407 50
1,299,287 37
46,372 94
Profit and loss
Interest, less current expenses
b.
.
Other
liabilities
•
00
14
14
20
7,435 11
6,834 01
$2,077,123 19
Total Assets
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
v
bonds
(less
estate
real
on
Loans
$23,436.63 due thereon)
Loans on personal security
Due from banks and trust com-
31,
Total Liabilities
t Auditing
$2,077,123
Committee.
U
P.
D.
Part
8,
143
I.
Total Expenses for the Year, including State Taxes
Rent
Salaries
State Tax (Net)
$9,538.32 $1,431.04
$2,960.21
\mount paid for
.69
4.59
1.43
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Cross income received during the year, $130,981.10.
$613.70
All,
5.71%)
5K%,
$5,000; 6%, $1,286,037;
5.16%); 5%, $37,371; bV2 %, $2,500;
6%);
Total
$20,520.90
9.88
7.76
$5,977.63
2.88
.29
Rates on Investments and Loans (Average on
319 real estate loans, averaging $4,073 (average rate,
69 personal loans, averaging $672.07 (average rate,
Other Expenses
Advertising
.
7%,
6%,
$8,250.
$6,502.
(average rate on amount invested, 5.21%).
not over $3,000 each, 219, amounting to $303,191.94.
83 real estate loans made during year, amounting to $381,930.
Bonds,
stocks, etc.
Number of loans
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Dec, 1923,
Number
of deposits
Number
of
2^%
2%%
$40,277 is
41,565 95
517,847 60
June, 1924,
during year, 17,096, amounting to (accounts opened 1,887)
$599,690 73
541,626 65
withdrawals during year, 6,611, amounting to (accounts closed 1,299)
Net increase
amount due depositors (accounts increased 588)
in
$58,064 OS
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$60,000 U. S. Treas. Bonds 4}£s
10,000 U. S. Treas Notes 4%s
10.000 United States 4Ms
Railroad Bonds
Aroostook Northern 5s
Baltimore & Ohio 4s
Baltimore & Ohio 4j^s
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany 3!^s
Boston & Albanv 4s
Boston & Albany 5a
Boston & Lowell 4s
$6,000
30,000
30,000
60,000
21,000
33,000
12,000
1,000
11,000
1,000
5,000
13,000
6,000
13,000
15,000
$50,000
22,000
6,000
5,000
5,000
15,000
&
X. Y. Air Line 4s
C, B. & Q. 4s
Chi., Mil. & Puget So. 4s
Chi., Mil. & St. Paul 4s
B.
&
Chi., Mil.
St. P.
Par Value
Par Valu
4V2 s
& St. Paul 5s
Northwestern 5s
Fitchburg 4s
Fitchburg 5s
$12,000 Portland Terminal 5s
5,000 Washington Co. 3M-S
Chi., Mil.
Chi.
&
Illinois
Street Railway Bonds
Boston Elevated 4^s
Boston Elevated 5s
Boston Elevated 5^s
Boston Elevated 6s
Eastern Mass. 6s
Lvnn & Boston 6s
Central 3J/£s
$8,000
25,000
1,000
10,000
10,000
12,000
10,000
Maine Central 43^s
1,000 Maine Central 5s
5,000 Mich. Cen.-Jol. & No.
Ind. 4s
Y. C. & H. R. 3Hs
Y C. & H. R. 4s
Y. C. & H. R. 4y2 a
Y. C. & H. R. 5s
10,000
1,000
3,000
60,000
5,000
20,000
3,000
5,000
57,000
10,000
30,000
3,000
7,000
v., N. H. & H. 3Hs
V., X. II. & H. 4s
Y. & X. England 4s
Xo. Maine Seaport 5s
West End
5s
Telephone Company Bonds
$38,000 X. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
X'o. Pacific 5s
Old Colony 3 As
Pennsylvania 4J^s
Pennsylvania 5s
Portland Terminal 4s
1,500 Eastern Mass. El. Co. 6s
1,000 Greenfield Gas Lt. 5s
5,000 X. B. Gas & Ed. Lt. Co.
l
5s
LYNN — LYNN FIVE CENTS SAVINGS BANK
BRANCH OFFICE: HUMPHREY STREET, SWAMPSCOTT
Incorporated
May
C. Fred Smith, President.
Samuel H. Hollis, Clerk of the Corporatic
15, 1855.
X'umber
of corporators, 72
Charles C. Handy, Treasurer.
Robert E. Ramsdell, Assistant Treasurer.
Board „i Trustees: A. H. Ackerman.t H. H. Atherton, J. E. Barnes, G. R. Beardsell, H. X. Berry,* C. B.
Bethune, A. K. Blood, C. B. Breed, E. F. Breed, L. E. Brown, t M. P. dough, A.M. Crcighton, C. A.
Cross,* X. J. Darling, F. L. Goddard, C. C. Handv, C. W. Harwood.t W. S. Hixon. 11. M. Hoague,
S. H. Hollis, S. J. Hollis,* W. G. Keene, T. A. Kelley, J. W. Kimball, P. F. Munsev.t H. F. Newhall,
H. W. Newhall, R. E. Ramsdell, H. M. Read, C. E. Rolfe, C. S. Sanborn, C. F. Smith,* C. F.
Sprague.t H. F. Tapley.*
Deposits draw interest from first business day of each month; dividends are payable January
Business hours: 8.30 a.m. to 1 p.m.; Saturdays, 8.30 a.m. to 4 p.m.
'
*
Board
of
Investment.
t
1
Auditing Committee.
and July
1.
—
144
P. D. 8, Part
STATEMENT OF CONDITION, OCTOBER
Assets
Public hinds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
J2.813.170 05
1.515,796 91
4 N't, 306
Telephone company bonds
i;as, electric and water company
bonds
bank and trust company stocks
Securities acquired for debts
Loans
on
real
estate
153,762 .">()
54,815 00
8,571 00
.
(less
$115,272.04) due thereon
loans on personal security
Hank building (.eat. ml., $160,000)
Furniture and fixtures
Taxes, insurance, etc., paid on
mortgaged properties
5,810,254
223,360
137,393
2,438
.
trust
'ash
and cash items
Total Assets
.
....
.
.
94
38
17
50
com154,843 84
21,255 91
panies
(
Liabilities
Deposits (27,2!i."» accounts, average,
$384-08)
$10,483,366 04
Christmas and other club deposits
59,111 00
Surplus:
a. Guaranty fund (4-54% of deposits)
178,603 61
h. Profit and loss
398,274 18
Interest, less current expenses
129, S13 69
Discount unearned
3,517 68
Other liabilities
282 20
391 95
.
Due from banks and
25
29,278 00
138,380 00
.
I.
1924
31,
....
Total Liabilities
$11,552,968 40
$11,552,968 40
Total Expenses for the Year, including State Taxes
State
Amount paid
Tax
(Net)
Salaries
Rent
$12,495.87
$33,420.97 $2,200.00
for
.19
2.89
per $1,000 of assets
1.08
assets
State
tax and rent
of
not
including
per $1,000
.
Advertising
$5,052.20
Cost
Cost
Gross income received during the year, $619,498.25.
.44
Rates on Investments and Loans (Average on
1,185 real estate loans, averaging $4,903.17 (average rate,
98 personal loans, averaging $2,279.18 (average rate,
Other Expend
$17,174.69
1.48
All,
4.98%);
4^%,
Total
$70,343.73
6.08
4.81
5.38%)
6%); 6%, $5,810,255.
$50,000;
$10,000; 5^%, $15,500; 6%, $15,840.
(average rate on amount invested, 4.71%).
Number of loans not over $3,000 each, 812, amounting to $1,186,137.88.
223 real estate loans made during year, amounting to $2,403,150.
$107,020;
Bonds,
-
A%%,
$25,000;
5%,
5X%,
stocks, etc.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 80,241,
Number
of
Net
2}4%
2M%
July, 1924,
to (accounts opened 3,979).
amounting
withdrawals during year, 30,641, amounting to (accounts closed 4,533)
increase in
amount due depositors (accounts decreased 556)
$211,594 44
220,471 52
2.607,735 61
$3,039,801
2,378,596 66
$661,204 91
—
P. D. 8, Part
145
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$26,000
100,000
2,870,600
4,000
$79,000
25,000
165,000
25,000
Nash. 4s
Maine Central 4J^s
Mich., Cent.-Jol. & No.
M.
&
S. Ste.
&
S. Ste.
Boston Terminal Co. Bonds
5s
$41,000 Boston Terminal 3J^s
N. Y. C. &H. R. 3V2 s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
1,000 No. Pacific 4J^s
25,000 Old Colony 33^s
Telephone Company Bonds
$102,000 Am. Tel. & Tel. Co. 4s
50,000 N. E. Tel. & Tel. Co. 5s
11,000 Pennsylvania 4^s
7,000 Pennsylvania 5s
1,000 Ports., Gt. F. & Conway
10,000
15,000
2,000
19,000
20,000
25,000
B. R. B. & Lynn 4^s
C, B. & Q. 3Ks
C, B. & Q. 4s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4^s
Chi., Mil. & St. Paul 5s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Chi., R. I. & Pac. 4s
Fitchburg 4s
Fitchburg 5s
Gas, Electric and Water
$5,000 Ed. Elec. 111. Co., Brockton 5s
25,000 Hingham Water Co. 5s
10,000 Lawrence Gas Co. 7s
25,000 N. B. Gas & Ed. Lt. Co.
6J^s
13,000 N. B. Gas & Ed. Lt. Co.
7s
50,000 N. Eng. Power Co. 5s
25,000 Turners Falls P. & El.
Co. 5s
2,000 Wore. Gas Lt. Co. 6s
43^3
& Ogdens. 4^s
Portland Terminal 4s
Port.
So. Pacific 4s
Upper Coos 4s
Vermont Val. 4Hs
Wil.
&
10,000
84,000
6,000
6,000
2,000
10,000
37,000
Sioux Falls 5s
3Hs
Holvoke 5s
Lvnn & Boston 6s
Marlboro & Westboro
Bank Stocks
gjjg
12'Central Nl. Bk., Lynn
57 First Nl. Bk., Boston
15 Merchants Nl. Bk., Boston
25 Mer. Nl. Bk., Worcester
100 Nl. Shawmut Bk., Boston
50 Old Col. Trust Co., Boston
7s
Uxbridge 7s
Milford
Brock. 5s
N. B., Mid.
&
&
West End 4s
West End 4^9
LYNN — LYNN INSTITUTION FOR SAVINGS
Incorporated June 20, 1826.
Number
Com-
pany Bonds
Street Railway Bonds
$11,000 Boston Elevated 4s
277,000 Boston Elevated 4>£s
18,000 Boston Elevated 5s
30,000 Eastern Mass. 4^s
Great Northern 4J^s
Illinois Central 3s
Central
&
20,000
54,000
86,000
144,000
Railroad Bonds
$17,000 Aroostook Northern 5s
72,000 Atch., Top. & S. F6 4s
11,000 Baltimore & Ohio 4s
47,000 Baltimore & Ohio 4J/£s
110,000 Baltimore & Ohio 5s
124,000 Bangor & Aroostook 5s
5,000 Boston & Albany 4s
14,000 Boston & Albany 5s
25,000 Boston & Lowell 4s
13,000 Boston & Maine 4s
4,000 Boston & Maine 4^s
18,500 Boston & Maine 6s
2,000 B & N. Y. Air Line 4s
Illinois
$13,000 West End 5s
10,000 West End 6Ms
3.000 West End 7s
3,000 Western Mass. 5s
1,000 Wore. & Clinton 7s
3,000 Wore. & Southbridge 7s
Central 4s
Illinois
Louisville
Ind. 4s
28,000 Minn., St. P.
M. 4s
7,000 Minn., St. P.
Public Funds, Notes
$2,000 Chicopee 43^s
14,000
15,000
13,000
9,000
200,000
12,000
20,000
9,000
5,000
52,000
1,000
5,000
20,000
35,000
Par Value
Par Valu
U. S. Treas. Bonds 4Ms
U. S. Treas. Notes 4%s
United States 4^s
Allegheny, Pa., 4s
J
of corporators, 53
Philip K. Parker, Treasurer.
Edith N. Hudson, Assistant Treasurer.
Charles A. Collins, President.
John M. Barry, Clerk of the Corporation.
J. M. Barry, J. S. Bartlett, C. N. Breed, F. S. Breed, t G. H. Breed, G. W. Breed, W. M.
Breed, A. E. Chase, C. A. Collins,* F. P. Cox, J. M. Farquhar, J. L. Hannan, J. F. Hannan, C. H.
Hastings,* A. J. Healey, J. D. A. Healey,* B. N. Johnson, W. W. Johnson, H. M. Kelley,*t H. R.
Mavo, J. B. Newall, P. K. Parker, B. F. Peach, C. H. Scott, f B. F. Spinney, F. C. Spinnev, H. B.
Sprague, C. E. Wilson,* F. A. Wilson, C. G. Woodbridge.
Board of Trustees:
Deposits draw interest from first day of each month; dividends are payable May 15 and
Business hours: 8.30 a.m. to 1 p.m.; Saturdays, 8.30 a.m. to 4 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans
on
real
estate
(less
$199,622.13 due thereon)
Loans on personal security
.
.
.
Bank building
Real estate by
(est.
val, $75,000)
.
foreclosure, etc. (assessed value, SI 1,850)
.
insurance, etc., paid on
mortgaged properties
Other assets
Due from banks and trust com-
Taxes,
.....
.
panies
Cash and cash items
Total Assets
*
X
....
31,
November
15.
1924
Liabilities
$2,491,096
2,225,814
369,258
181,066
221,837
00
75
00
20
50
Deposits (28,376 accounts, average,
8553.90)
Christmas and other club deposits
a.
Guaranty fund {4-71%
$15,717,396 88
118,842 58
and loss
Discount unearned
Reserved for dividend
b.
of de-
....
posits)
441,863 75
171,500 00
.
Surplus:
Profit
.
.
.
746,413
496,521
7,149
360,575
.
00
62
71
24
8,755,619 18
2,049,471 40
44,000 00
4,960 43
541 71
9,331 33
429,967 98
50,570 80
$17,446,899 03
Total Liabilities
Board of Investment.
For Statements of Life Insurance Departments,
$17,446,899 03
t Auditing Committee.
see index.
146
P. D. 8, Part
I.
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Rent
Salaries
Advertising
Amount paid for
$18,927.17
$37,627.00 $2,500.00
Coat per $1,000 of assets
1.08
2.16
.14
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $880,344.68.
$6,723.27
Other Expenses
Total
$17,170.68
$82 948 12
.39
4>5
.98
3.53
Rates on Investments and Loans (Average on
1,261 real estate loans, averaging $6,943.39 (average rate, 5.96%);
$420,900; 6%, $8,211,119; 634%, $900.
All,
5.55%)
434%, $19,500; 5%, $103,200; 514%.
°'
averaging $4,3<J9. 88 (average rate, 5.14%) 334%, $50,000; 4%%, $45,000; 434%.
$569,107; 534%, $50,000; 534%, $601,371; 534%, $358,832; 6%, $165,161.
(average rate on amount invested, 5.11%).
Number of loans not over $3,000 each, 1,227, amounting to $1,363,484.32.
306 real estate loans made during year, amounting to $3,058,665.78.
469
persoyial loans,
;
5%,
$210,000;
Bonds,
stocks, etc.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits during year, 73,381,
Number
of withdrawals during year, 44,445,
Net increase
in
1924,
amounting
234%
234%
$311,951 82
332,138 02
5,122,729 04
to (accounts opened, 5,312)
amounting
$5,766,818 88
3,332,561 37
to (accounts closed 3,105)
amount due depositors (accounts increased
$2,434,257 51
2,207)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$250,000 U. S. Certs. Indebt.
2,320,000 United States 434s
5,000 St. Paul Minn., 5s
Par Value
$40,000 Michigan Central 5s
2%s
Railroad Bonds
$90,000 Baltimore & Ohio 334s
50,000 Baltimore & Ohio 4s
170,000 Baltimore & Ohio 434s
79,000 Bangor & Aroostook 5s
70,000 Boston & Albany 334s
25,000 Boston & Albany 4s
6,000 Boston & Lowell 4s
2,000 Boston & Lowell 434s
30,000 Boston & Maine 4s
48,000 Boston & Maine 434s
22,500 Boston & Maine 6s
9,000
25,000
144,000
78,000
200,000
85,000
69,000
5,000
15,000
25,000
7,000
45,000
25,000
50,000
20,000
& Lynn 434s
& So. 4s
& St. P. 434s
& St. P. 5s
B., R. B.
Chi., Ind.
Chi., Mil.
Chi., Mil.
Chi. & Northwestern 5s
Chi. St. P. Minn. & O. 6s
Delaware & Hudson 4s
Fitchburg 4s
Fitchburg 434s
& Westf'd 434s
Illinois Central 3s
Illinois Central 334s
Illinois Central 4s
Louisville & Nash. 5s
Maine Central 5s
Holvoke
200,000 Minn., St. P. & S. Ste.
M. 4s
25,000 New England 5s
50,000 N. Y. C. & H. R. 434s
250,000 N. Y. C. & H. R. 5s
50,000 N. Y. & N. E. Term. 4s
25,000 N. Y., N. H. & H. 334s
125,000 N. Y., N. H. & H. 4s
6,000 Norfolk & Western 6s
10,000 No. Maine Seaport 5s
300,000 No. Pacific 6s
25,000 Norwich & Wore. 4s
50,000 Portl. & Ogdens. 434s
22,000 Ports., Gt. F. & C. 434s
10,000 St. J. & L. C. 5s
36,000 St. P., Minn. & Man. 4s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 434s
Boston Elevated 534s
Boston Elevated 6s
Eastern Mass. 434s
$83,000
85,000
40,000
37,000
20,000
80,000
25,000
12,000
36,000
West
West
West
West
End
End
End
End
4s
5s
634s
7s
Boston Terminal Co. Bonds
$217,000 Boston Terminal 334s
Telephone Company Bonds
Par Value
$227,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$20,000 Ed. El. 111. Co., Brock. 5s
25,000 Lawrence Gas Co. 7s
200,000 N. B. Gas & Ed. Lt. Co.
5s
N. E. Power Co. 5s
Northamp. Elec. Co. 5a
Pittsfield Electric Co. 6s
Turners Falls P. & E.
Co. 5s
50,000 Wore. Gas Lt. Co. 534s
22,000
5,000
20,000
100,000
Bank Stocks
Shs.
100 American Trust Co., Bostou
200 Beacon Trust Co., Boston
100 Atlantic Nl. Bk., Boston
100 First Natl Bk., Boston
200 Merchants Nl. Bk., Boston
100 Nl. Rockland Bk., Boston
200 Nl. Shawmut Bk., Boston
100 Old Colonv Tr. Co., Boston
200 State St. tr. Co., Boston
100 Nl. Union Bk., Boston
200 Central Nl. Bk., Lvnn
115 Essex Trust Co., Lvnn
—
P. D. 8, Part
I.
147
MALDEN — MALDEN SAVINGS BANK
[ncorporated April
2,
1860.
Number
of corporators,
Marcus
Francis A. Shove, President.
Alfred T. Winston, Clerk of the Corporation.
64
Butler, Treasurer.
Richard D. Lee, Assistant Treasurer.
Board of Trustees: H. P. Ballard, t E. F. Bickford, Marcus Butler, J. G. Chandler,* A. J. Chase, H. F.
Damon, W. H. Hastings, L. B. Lewis, W. R. Lovett, L. D. Marsh, E. E. Neal,* W. E. Piper, G. A.
Ricker, F. M. Sawtell, W. D. Serrat,* F. A. Shove,* Edwin Troland.f A. W. Walker, Willard Welsh.t
Joseph Wiggin.*
Deposits draw interest from tenth day of each month; dividends are payable April 10 and October 10.
Business hours: 8.30 a.m. to 3 p.m.: Saturdays. 8.30 a.m. to 12.30 p.m. and 7 to 8.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
notes
bonds
and
Railroad
Street railwav bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
estate
(less
on
real
Loans
$192,730.50 due thereon)
Loans on personal securitv
Liabilities
$2,898,834
1,936,276
101,735
118,309
255,787
.
9,428,041 50
1,314,430 00
180,000 00
37 50
Bank
building (est. val, $195,000)
Other assets
Due from banks and trust com-
Deposits (27,279 accounts, average,
$567.98)
$15,493,980 28
60,845 00
Christmas and other club deposits
.
Surplus:
Guaranty fund (3.79%
a.
of de-
589,250 00
459,950 39
posits)
b. Profit and loss
Interest, rents, etc.,
.
less
current
expenses and taxes
Discount unearned
Other liabilities
41,394 78
3,821 84
17 ®0
70,774 56
12,848 51
panies
Total Assets
72
00
00
00
50
221,685 00
110,500 00
.
Cash and cash items
1924
31,
....
Total Liabilities
$16,649,259 29
$16,649,259 29
Total Expenses for the Year, including State Taxes
State
Amount
paid for
Tax
(Net)
$11,327.37
.
Salaries
Rent
Advertising
$31,085 02
1.87
$2,200.09
.68
Cost per SI, 000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $852,210.14.
Other Expenses
$11,118.40
.13
Rates on Investments and Loans (Average on
All,
Total
$55,730. 8S
3.35
2.67
.67
5.49%)
2,427 real estate loans, averaging $3,884.64 (average rate, 5.94%); 5%, $19,750; b\i%, $24,000; 5^%,
$1,350,985; 6%, $7,804,657; 634%, $149,350; 7%, $79,300.
82 personal loans, averaging $16,029.63 (average rate, 4.99%); 434%, $95,000; 43^%, $181,000;
4M%, $225,000; 5%, $234,285; 534%. $482,500; 534%, $46,195; 6%, $36,250; 634%, $2,200;
7%, $12,000.
Bonds, stocks, etc. (average rate on amount invested, 4.87%).
Number of loans not over $3,000 each, 1,497, amounting to $2,845,985.
531 real estate loans made during year, amounting to $2,132,215.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
234%
234%
....
•
during year, 80,415, amounting to (accounts opened 4,964)
$347,051 62
364,530 63
4,200,539 57
54.912,121 82
Net
withdrawals during year, 35,498, amounting to (accounts closed 3,631)
increase in
Board
amount due
of
depositors (accounts increased 1,333)
Investment.
3,460,012 67
h1.4o2.109 15
t
Auditing Committee.
148
P. D. 8, Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$60,000 U.S. Treas. Bonds 4Ms
2,100,000 Tinted States 4J^s
25,000 Washington .V->
1,000 Middlesex
Boston 4s
175,000
50
5,000
100,000
13.000
28,000
30,000
52,000
19,800
25,000
23,000
30,000
5,000
30,000
3,000
26,000
3,000
6,000
26,000
21,000
3,000
16,000
53,000
39,000
«
Count v
Is
10,000
8,000
15,000
75,000
18,000
Brockton 4J^s
Everett 4^s
Fall River 4Ms
Fall River 5s
Gloucester 4Ms
4s
Portland, O., 5s
Revere 4Ms
Walt ham 4s
Waltham 53^s
Arlington 4s
Bourne 4s
Franklin
4^s
4^s
Orange 6s
Rockport 4s
Templeton 5J4s
Street Railway Bonds
Eastern Mass. 4j^s
Fitchburg & Leom. 7s
$50,000
15,000
20,000
10,000
25,000
5,000
Banbury & Norwalk 4s
Delaware & Hudson 4s
Mich. Cen.- Detroit &
&
Kal.
Springfield 4s
Public Funds, Notes
$5,000 Reading 5>£s
2,000 Revere 4Hs
15,800 Revere 5}^s
West End 4s
West End 6s
Wore. Consol.
Wore. Consol.
13,500 Mansfield 5s
2,000 Salisbury 4Ms
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Beech Creek 4s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 3s
Boston & Maine 4s
Boston & Maine 4^s
Boston & Maine 6s
$90,000
65,000
6,000
15,000
11,000
53,000
35,000
14,000
23,000
20,000
13,500
So.
$136,000 Boston Terminal
Telephone Company Bonds
5s
So. 4s
Louisville & Nash. 5s
Louisville & Nash. 6s
Mahoning Coal 5s
Maine Central 4^s
Gas, Electric and Water
Michigan Central 3^s
Mil. & Northern 4}/2 s
10,000 B. R. B. & Lynn 4J^s
5,000 Boston & Lowell 4^3
10,000 C, B. & Q. 4s
12.000 Chi., Mil. & St. P. 4^s
Falls 4s
& Ogdens. 4^s
Portland Terminal 5s
& Duluth
St. P.
St. P.,
Minn.
Com-
pany Bonds
N. Y.C.&H.R.Co. 3^s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y. & N. E. 4s
N. Y., N. H. & H. 33^s
N. Y., N. H. & H. 4s
Norfolk & Western 6s
Northern Califa. 5s
No. Pacific 5s
No. Pacific 6s
Old Colony 33^s
Old Colony 4s
Old Colony 5Ms
Pennsylvania 4s
& Rum.
3^3
$100,000 Am. Tel. & Tel. Co. 4s
100,000 Am. Tel. & Tel. Co. 5s
15,000 N. E. Tel. & Tel. Co. 4s
58,000 N. E. Tel. & Tel. Co. 5s
Haven
Lake Shore & M.
Port.
Port.
T.-
Boston Terminal Co. Bonds
$10,000 Arlington Gas Lt. Co. 5s
20,000 Lawrence Gas Co. 7s
8,500 Leominster Gas Lt. Co.
5s
15,000 N. B.
'
41,000
63,000
50,000
57,000
50,000
30,000
15,000
25,000
25,000
50,000
40,000
30,000
76,000
25,000
5,000
25,000
50,000
15,000
22,000
4^s
4s
Fitchburg 4s
Great Northern 434s
Illinois Central 3^s
Illinois Central 4s
Kal., Alleg. & G. R. 5s
Minn., St. P. & S. Ste.
M. 4s
10,000 Minn.,S.Ste.M.& Atl.4s
30,000 Montana Central 5s
69,000 Nash. Chat, & St. L. 5s
15,000 Nash. Flor. & Shef. 5s
Worcester 5s
West
75,000 Wil. & Sioux Falls 5s
25,000 Wore, Nash. & Roch. 4s
Clearfield & Jefferson 6s
Conn. & Pass. Rivers 4s
Amer.
54,000
25,000
31,000
45,000
15,000
50,000
10,000
20,000
30,000
25,000
25,000
15,000
12,000
40,000
Marlboro 4s
Medford 4s
Deerfield
Par Value
$8,000 Western Penn. 4s
Bay City 5s
4,000 Me.Cent.,Europ.& No.
Lawrence 4s
Lima, O., 6s
Maiden
Par Value
$25,000 Chi Mil. & St. Paul 5s
64,000 Chi & Northwestern 4s
30,000 Chi & Northwestern 5s
75,000 Chi & Northwestern (is
30,000 Chi St. P., M. & O. 6s
5s
& Man.
4^s
10,000 St. P., Minn. & Man. 6s
15,000 So. & No. Alabama 5s
25,000 Sullivan County 6s
Gas & Ed.
Lt. Co.
5s
15,000 N. B.
Gas
&
Ed. Lt. Co.
6^s
28,000 N. B.
Gas & Ed.
Lt. Co.
7s
65,000
36,000
25,000
5,000
N. E. Power Co. 5s
Old Colonv Gas Co. 5s
Wore. Gas Lt. Co. 5^3
Wore. Gas Lt. Co. 6s
Bank Stocks
Shs.
400 First Nl. Bk., Boston
30 Atlantic Nl. Bk., Boston
103 Merchants Nl. Bk., Boston
50 Second Nl. Bk., Boston
5 Nl. Rockland Bk., Boston
81 Nl. Shawmut Bk., Boston
60 Nl. Union Bk., Boston
20 Web. & At. Nl. Bk., Boston
145 Old Colony Tr. Co., Boston
75 State St. Tr. Co., Boston
136 First
XL
Bk.,
Maiden
MARBLEHEAD — MARBLEHEAD SAVINGS BANK
Incorporated
John
March
18, 1871.
Number
of corporators, 50.
William F. Nutting, Treasurer.
L. Gilbert, President.
Richard Tutt, Clerk of
Board
the Corporation.
Doane,* T. S. Eastland, G. W. Fabens,* E. W.
Hamson.t W. A. Laskev, W. B. Merritt, W. F.
Paine, H. S. Swetland, E. D. Tutt, Richard Tutt, J. S.
of Trustees: Frank Cole.f F. E. Conlv,* E. S.
Farrell, J. L. Gilbert,*! W. J. Goldthwait, R. B.
Nutting, Everett Paine,* J. D. Paine, T.
Wormstead, W. D. Wright.
W.
Deposits draw interest from first day of each month; dividends are payable May 1 and November 1.
Business hours: 8.30 a.m. to 1 p.m.; Saturdays, S.30 a.m. to 12 m.; also 6.30 to 8 p.m. for deposits.
Board
of
Investment.
t Auditing
Committee.
—
P. D. 8, Part
149
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
•
Securities acquired for debts
Loans on real estate (less $6,250
.
posits)
Profit
Other
and
$1,241,018 08
24,670 75
.....
....
42,291 58
35,416 08
....
loss
liabilities
406 00
41,836 96
2,027 53
panies
....
25
50
00
25
3,800 00
14 00
b.
Bank building (est. val., $5,500)
Due from banks and trust com-
Total Assets
Deposits (3,181 accounts, average,
$390.13)
Christmas and other club deposits
Surplus:
a. Guaranty fund (3.34% of de-
$185,810
67,637
39,350
20,876
801,700 00
175,250 00
5,500 00
due thereon)
Loans on personal security
Cash
1924
Total Liabilities
$1,343,802 49
$1,343,802 49
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
Advertising
Amount paid for
$1,195.46
$2,251.69
.89
1.67
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $66,042.46.
real estate loans,
Total
$5,014.87
$1,211
3.73
2.84
.27
Rates on Investments and Loans (Average on
237
Other Expenses
$356.63
.
averaging $3,382.70 (average rate, 5.93%);
All,
5%%,
5.54%)
$50,000;
$706,700.
8 personal loans, averaging $21,906.25 (average rate, 5.18%); 4J4%, $25,000;
$25,000; 5M%, $14,000; 6%, $36,250.
Bonds, stocks, etc. (average rate on amount invested, 4.76%).
Number of loans not over $3,000 each, 175, amounting to $253,350.
48 real estate loans made during year, amounting to $160,500.
5J^%, $45,000; 6%,
5%,
$75,000;
5*4%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 5,969,
Number
of
234%
....
$24,417 17
25,689 21
314,261 54
1924, 2J4%
to (accounts opened 618)
amounting
$364,367 92
255,214 09
withdrawals during year, 3,111, amounting to (accounts closed 299)
Net increase
in
amount due
$109,153 83
depositors (accounts increased 319)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$20,000 U. S. Treas. Notes 4J4s
95,000 United States 4 Ms
10,000 U. S. Treas. Notes 4J^s
20,000 U. S. Treas., Notes 4%s
2,000 Attleboro 4s
5,000 Boston 4s
3,500 Fall River 4s
5,000 Lvnn 4s
2,000 Mansfield 4s
2,000 Marlborough 4s
12,000 Salem 4s
12,000 Shelburne Falls 4s
Par Value
$3,000 Boston
10,000
5,000
5,000
10,000
10,000
Par Value
& Maine 4s
& St. P. 4^s
Chi., Mil.
Fitchburg os
Lake Shore & M. S. 4s
Maine Central 4^s
Minn., St. P. & S. Ste.
M. 4s
10,000 N. Y. C. & H. R. 4s
5,000 Upper Coos 4s
5,000 Upper Coos 43^s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
Am. Tel. & Tel. Co. 5s
$12,000
10,000
•
Street Railway
Railroad Bonds
& Ohio 4s
10,000 Baltimore & Ohio 4^8
$10,000 Baltimore
$5,000 Eastern Mass. 4^3
5,000 Lvnn & Boston 5s
5,000 West End 6Ks
Bonds
$7,000 Boston Elevated 4^s
13,000 Boston Elevated 5s
8,000 Boston Elevated 6s
Bank Stocks
Shs.
20 Mt. Ver. Nl.Bk., Boston (liq.)
38 XI. Grand Bk., Marblehead
—
150
P. D.
MARLBOROUGH
8,
Part
I.
MARLBOROUGH SAVINGS BANK
Incorporated April
3,
1860.
Number
of corporators,
Charles F. Robinson, President.
Louis P. Howe, Clerk of the Corporation.
47
Charles F. Holyoke, Treasurer.
Leroy M. Craig, Assistant Treasurer.
of Trustees: W. A. Allen,* Amedee Beauregard, G. F. Bond,* Michael Burke, J. F. Cosgrove, C. W.
Curtis, J. A. Curtis, W. B. Fay, J. A. Frye, W. P. Frye,* H. M. Hazelton, C. F. Holvoke, E. F.
Houghton, L. P. Howe.t H. N. Lowell, E. I. Morse, f H. S. Morse, W. H. Osgood, *t C. F." Robinson,*
Board
C. T. Warner.
Deposits draw interest from tenth day of each month; dividends are payable the third Wednesday of
January and July. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co., bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
on
real
estate
(less
Loans
$74,883. 16 due thereon)
Loans on personal security
Bank building (est. vol., $40,000)
Taxes, insurance, etc., paid on
mortgaged properties
Due from banks and trust com
31,
1924
Liabilities
SI, 133,051 65
876,812
176,862
75,000
16,615
50
50
00
00
34,925 00
249,174 60
154 00
.
Deposits (9,365 accounts, average,
$505.50)
Surplus:
Guaranty fund (4-83%
a.
$4,733,968 05
of de-
....
....
posits)
b. Profit and loss
Interest, rents, etc.,
expenses and taxes
Other liabilities
228,828 10
146,357 91
current
less
.
45,187 66
911 00
.
2,363,622 84
108,164 00
25,000 00
21 52
.
panies
84,911 70
10,937 41
Cash and cash items
Total Assets
.
$5,155,252 72
Total Liabilities
$5,155,252 72
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
.
.
averaging $3,906.81 (average rate, 5.86%);
real estate loans,
$36,575;
6%,
6%,
.49
5.28%)
5%, $280,271; h\i%,
$42,500;
5M%.
$25,000:
5.H%,
$2,004,277.
55 personal loans, averaging $1,966.62 (average rate, 5.39%);
$1,100;
All,
Total
$23,393.60
4 53
2.91
$2,536.;
.
.09
Rates on Investments and Loans (Average on
605
Other Expenses
$451 84
paid for
$6,603.62
$12,001.78 $1,800.00
Cost per $1,000 of assets
1.28
2.33
.34
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $266,535.75.
5%,
$46,305;
5M%.
$35,759.
(average rate on amount invested, 4.74%).
not over $3,000 each, 472, amounting to $653,016.
97 real estate loans made during year, amounting to $702,350.
Bonds,
stocks, etc.
of loans
Number
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2M%
2M%
....
Number
July, 1924,
of deposits during year, 10,441, amounting to (accounts opened 673)
Number
of
Net
withdrawals during year, 6,872, amounting to (accounts closed 697)
increase in
*
Board
amount due depositors (accounts decreased
of Investment.
$99 299 33
103 266 65
827 538 52
$1,030 104 50
857 016 02
$173,088 48
24)
t Auditing
Committee.
—
P.
D.
8,
Part
151
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$125,000 U. S. Treas. Notes 4J^s
90,000 U. S. Treas. Notes 4%s
880,200 United States 4^s
15,000 San Francisco, Cal., 5s
Public Funds, Notes
$4,000 Marlborough 4^s
22,000 Marlborough 4^s
1,000 Marlborough 6s
13,000
$35,000
30,000
30,000
10,000
5,000
20,000
35,000
20,000
B.
B.
&
&
&
& Hudson
Lake Sh.
Louis.
Louis.
Louis.
&
&
&
Par Value
$75,000 Boston Terminal
&
Mich. So. 4s
Nash. 4s
Nash. 4j^s
Nash. 5s
3Hs
Telephone Company Bonds
Maine Central 4^s
$17,000 N. E. Tel.
&
Tel. Co. 5s
Minn.,
4s
Fitchburg 4s
Illinois Central 3s
Gas, Electric and Water
5s
$10,000
10,000 N. B. G. & Ed. Lt. Co. 5s
15,000 N. E. Power Co. 5s
Bank Stocks
Shs.
400 First Nl. Bk., Boston
24 Atlantic Nl. Bk., Boston
100 Merchants Nl. Bk., Boston
357 Nl. Shawmut Bk., Boston
25 Nl. Union Bk., Boston
75 Second Nl. Bk., Boston
50 Web. & At. Nl. Bk., Boston
15 Clinton Tr. Co.
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4j^s
Eastern Mass. 4j^s
Eastern Mass. 6s
$42,000
33,000
60,000
10,000
25,000
10,000
West End
West End
Com-
pany Bonds
Hingham Water Co.
/
Q. 3Hs
Q. 4s
Chi., Mil. & St. P. 4s
Chi., Mil. & St. P. 4^s
Pac. 4s
Chi., R. I.
Del.
Central 3}^s
Central 4s
St. P. & S. Ste.
4s
50,000 N. Y. C. & H. R. 4s
35,000 N. Y. C. & H. R. 4^s
15,000 N. Y. C. & H. R. 5s
20,000 N. Y. & N. E. Term. 4s
20,000 N. Y., N. H. & H. 3y2 s
60,000 N. Y., N. H. & H. 4s
25,000 No. Maine Seaport 5s
40,000 Old Colonv 4s
25,000 Pennsylvania 4J^s
30,000 Pitts., Va. & Char. 4s
15,000 Port. & Ogdens. 4 l 2 s
10,000 Vermont Valley 4^s
10,000 Washington Co. 3J^s
10,000 Wore, Nas. & Roch. 4s
Hudson 3%s
C,
C,
Illinois
Illinois
M.
Railroad Bonds
$45,000 Baltimore & Ohio 4s
30,000 Baltimore & Ohio 4^s
10,000 Baltimore & Ohio 5s
14,000 Bangor & Aroostook 5s
20,000 Boston & Albany 3V2 s
15,000 Boston & Albanv 5s
20,000 Boston & Lowell 4^s
47,000 Boston & Maine 4s
40,000 B. & N. Y. Air Line 4s
25,000
10,000
10,000
20,000
25,000
25,000
20,000
10,000
Boston Terminal Co. Bonds
Par Value
107 First Nl. Bk., Marlborough
100 Peoples Nl. Bk., Marlborough
270 Mer. Nl. Bk., Worcester
60 Wore. Bk. & Trust Co.
5s
6s
MARSHFIELD — MARSHFIELD SAVINGS BANK
Incorporated July
Lewis W. Hall, President.
Francis T. Harlow, Clerk of
5,
1910.
Number
of corporators, 44
Ralph C. Ewell, Treasurer.
M. Herman Kent,
the Corporation.
Assistant Treasurer.
Board of Trustees: Elijah Ames,* R. T. Ames,* Edmund Baker, Martin Baker, Walter Bartlett, R. C.
Ewell, E. C. Ford, J. C. Hagan, L. W. Hall,* Walton Hall.t F. T. Harlow.j E. L. Hitchcock, E. A.
Keene, W. M. Keene, M. H. Kent, Luther Little, H. I. Macomber, O. B. Oakman, F. M. Rand,*t
Seth Sprague,*
W.
L. Sprague.*
Deposits draw interest from second Tuesday of January, and July; dividends are payable second Tuesday
of January and July.
Business hours: Tuesdays, 9 to 11 a.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Due from banks and trust com
panies
1924
Liabilities
$28,000
18,909
3,807
6,015
00
91
50
00
3,161 60
86,855 00
3,200 00
Deposits (439
$323.88)
accounts,
average,
8142, 1S6 83
Surplus:
....
Guaranty fund
o.
posits)
(1.97
c
)
of de-
2,798 63
5,54S 56
2,539 66
Profit and loss
Interest, less current expenses
b.
.
2,784 76
339 91
Cash and cash items
...
Total Assets
31,
$153,073 68
Total Liabilities
$153,073 68
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$108.32
$357.23
Cost per $1,000 of assets
.71
2.33
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $7,529.26.
.
*
Board
.
of
Investment.
Advertising
$72 10
.
.47
t
Other Expenses
$167.93
1.10
Auditing Committee.
Total
S705.58
4.61
3.90
—
P. D. 8, Part
152
Rates on Investments and Loans (Average on
69
real estate loans,
7%,
5%,
averaging $1,25S.76 (average rate, 6.05%);
All,
$4,500;
I.
5.39%)
6%,
$67,580;
6H%,
$11,775;
$3,000.
2 personal loans, averaging $1,600 (average rate, 5.59%); 5^%, $3,000; 7%, $200.
Bonds, stocks, etc. (average rate on amount invested, 4.43%).
Number of loan9 not over $3,000 each, 68, amounting to $76,055.
12 real estate loans made during year, amounting to $20,350.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2%%
2M%
....
$2,771 49
2,884 28
18,588 77
-
during year, 161, amounting to (accounts opened 25)
$24,244 54
10,713 87
withdrawals during year, 132, amounting to (accounts closed 17)
Net increase
amount due depositors (accounts increased
in
$13,530 67
8)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000 United States 4}4s
3,000 Seattle, Wash., 4 Ms
Boston Terminal Co. Bonds
Par Value
$7,000 Boston Terminal 3J^3
Par Value
$6,000 Boston & Albanv 4s
1,000 Beech Creek 4s
3,000 Lake Sh. & Mich. So.
2,000 Michigan Central 5s
1,000 N. Y., N. H.& H.4s
1,000 No. Pacific 4J^s
Railroad Bonds
Street Railway
$1,000 Baltimore & Ohio 4J/£s
3,000 Baltimore & Ohio 5s
2,000 Boston & Albany 3^s
$2,000 West
2,000 West
End
End
Bonds
Bank Stocks
Sh,
15 Nl.
4s
5s
Shawmut
Bk., Boston
MAYNARD — ASSABET INSTITUTION FOR SAVINGS
Incorporated
March
31, 1904.
Number
of corporators, 34
Arthur E. Walker, Treasurer.
Charles H. Persons, President.
Howard
A. Wilson, Clerk of the Corporation
of Trustees: W. B. Case,* O. C. Dreschler, O. S. Fowler,* G. H. Gutteridge, W. II. Gutteridge.t
A. G. Haynes,* A. W. Havnes, F. W. Hoit.t Jacob Laurilla, L. H. Mavnard.t S. E. MeCleary.f
James Mullin.t T. F. Parker,* C. H. Persons,* W. C. Priest, F. H. Stevens, A. E. Walker, H. A.
Wilson.
Board
first day of each month; dividends are payable the Thursday after the first
of January and July.
Business hours: 9 a.m. to 3 p.m.; also Fridays 7 to 8 p.m. and
Saturdays, 9 a.m. to 4 p.m. and 7 to 8 p.m.; Wednesdays, 9 a.m. to 12 m.
Deposits draw interest from
Wednesday
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railwav bonds
Telephone company bonds
Gas, electric and water company
bonds
Federal Land Bank bonds
Securities acquired for debts
Loans on real estate (less $6,000
due thereon)
Loans on personal security
Furniture and fixtures
Due from banks and trust com.
.
panies
Cash and cash items
Total Assets
*
Board
....
of
Investment.
31,
1924
Liabilities
$99,114
107,696
25,142
27,331
75
40
05
25
Deposits (3,515 accounts, average.
8408.19)
Surplus:
a.
Guaranty fund {2.07%
posits)
11,030 00
9,975 00
1
00
$1,434,786 63
of de-
....
....
29,675 00
20,275 47
8,291 48
2,028 12
b. Profit and loss
Interest, less current expenses
Discount unearned
944,503 00
232,921 90
1,297 33
28,673 44
13,370 58
$1,501,056 70
Total Liabilities
f Auditing
$1,501,056 70
Committee.
P. D.
8,
Part
153
I.
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
$150.48
$1,121.03
.10
.74
$3,282.85
$420.00
$2,095.39
Amount paid for
1.39
2.18
.28
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $81,746.60.
.
.
Rates on Investments and Loans (Average on
Total
$7,069.75
4.69
3.02
5.62%)
All,
averaging $2,706.31 (average rate, 6%); b%%, $7,500; 6%, $931,003; 6%%, $6,000.
averaging $2,559.58 (average rate, 5.05%); 4%, $10,000; \\i%, $10,000; 4^%,
$59,000; 4M%, $20,000; 5%, $31,850; 5X%, $42,500; 5^%, $9,200; 5%%, $5,000; 6%, $45,372.
Bonds, stocks, etc. (average rate on amount invested, 4.82%).
Number of loans not over $3,000 each, 303, amounting to $348,834.90.
65 real estate loans made during year, amounting to $166,440.
849
real estate loans,
91 personal loans,
Dividends, Deposits and Withdrawals
2H%
July, 1924,
Number
of deposits
Number
of
$28,520 49
29,780 94
520,546 35
2J4%
Ordinary dividends declared during year: Jan., 1924,
during year, 9,102, amounting to (accounts opened 517)
$578,847 78
492,846 27
withdrawals during year, 4,846, amounting to (accounts closed 205)
Net increase
in
amount due depositors (accounts increased 312)
$86,001 51
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$41,000 United States 434s
10,000 U. S. Treas. Bonds 4}4s
10,000 U. S. Treas. Certs.
20,000 U. S. Treas. Notes
Par Value
$2,000 Eastern Mass. 4K-s
3,000 Lynn & Boston 5s
Par Val ue
$5,000
10,000
3,000
4,000
10,000
4^s
4%s
Illinois
Central 5s
&
&
Nash. 5s
Nash. 5^s
Maine Central 43^s
Minn., St, P. & S. Ste.
Louis.
Louis.
3,000 West End 4s
8,000 West End 5s
4,000 Wore. & Black. Val. 43^s
1,000 Wore. Consolidated 5s
M. 08
&
&
&
H. R. 4s
H. R. 4^s
H. R. 5s
-1,500 N. Y., N. H. & H. 3Ks
1,000 N. Y., N. H. & H. 4s
14,000 Northern Pacific 5s
5,000 N. Y. C.
5,000 N. Y. C.
13,000 N. Y. C.
Public Funds, Notes
$7,180 Acton 4^s
10,000 Acton 4J^s
1,250 Acton 6s
Railroad Bonds
$4,000 Baltimore & Ohio 3)^s
7,000 Baltimore & Ohio 4^s
4,000 Bangor & Aroostook 5s
7,000 Boston & Albany 5s
1,000 Boston & Maine 4s
2,000 Boston & Maine 4^s
500 Bridgeton & Saco Riv. 4s
5,000 Chi. & Northwestern 5s
5,000 Pennsylvania 43^s
5,000 Pennsylvania 5s
1,000 Peoria & Northw.
1,000 Upper Coos 4s
Telephone Company Bonds
$8,000 Am. Tel. & Tel. Co. 4s
14,000 Am. Tel. & Tel. Co. 5s
6,500 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
3^s
New
$12,000
Street Railway Bonds
$1,000 Boston Elevated 4s
2,000 Boston Elevated 4^s
2,000 Boston Elevated 5s
Eng. Power Co. 5s
Land
Federal
Bank
Bonds
$5,000 Houston 5s
4,000 New Orleans 5s
1,000 St. Paul 5s
MEDFORD — MEDFORD SAVINGS BANK
BRANCH OFFICE
442
Incorporated February 26, 1869.
SALEM STREET
Number
of corporators, 66
George O. Foster, President.
Charles B. Buss, Treasurer.
Earl B. Munro, Clerk of the Corporation
Board of Trustees: H. B. Ballou, C. M. Brewer, C. B. Buss, J. A. Chapin.f T. D. Collins, f E. E. Elder,
F. W. Fosdick, G. O. Foster,* J. E. Gates,* Sidney Gleason,* A. D. Hall,* H. A. Hanscom,* W. N.
Homer, W. B. Lawrence, f W. P. Martin, E. B. Munro, J. W. Rockwell, W. C. Wait, I. O. Wright.
Deposits draw interest from last day of each month; dividends are payable
Business hours: 8 a.m. to 3 p.m.; Saturdays, 8 a.m. to 12 m. 7 to 9 p.m.
excepting Saturday, 8.30 to 12 m; 7 to 9 p.m.
;
*
Board
of
Investment.
May
15 and November 15.
Branch Office same hours,
f Auditing
Committee.
—
154
P.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
$682,059
857,004
135,500
23,585
89,538
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $9,800
due thereon)
Loans on personal security
Bank
building {eat. val, $33,000)
Furniture and fixtures
Taxes, insurance, etc., paid on
mortgaged properties
Part
I.
....
Deposits (13,102 accounts, average,
S387.70)
Christmas and other club deposits
3,462,700
260,202
5,000
1,847
.
$5,079,763 58
44,704 00
Surplus:
Guaranty fund {4-92%
a.
posits)
.
of de-
251,950 00
202,892 70
107,004 01
.
Profit and loss
Reserved for dividends
b.
.
00
00
00
65
140 15
.
com92.323 69
29,537 47
panies
Cash and cash items
....
Total Assets
88
70
00
00
75
15,775 00
30,500 00
.
trust
8,
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Due from banks and
D.
1924
Total Liabilities
$5,686,314 29
$5,686,314 29
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
paid for
$13,754.14 $1,500.00
$4,614.05
.81
2.42
.26
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $301,489.39.
$1,374.58
.
.24
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$6,831.95
$28,074.72
1.20
4.93
3.86
5.62%)
1,019 real estate loans, averaging $3,398.13 (average rate, 6%); 6%, $3,462,700.
71 personal loans, averaging $3,664.81 (average rate, 5.01%); 4%%, $25,000;
$10,000; 5H%, $8,310; 6%, $5,000.
Bonds, stocks, etc. (average rate on amount invested, 5.01%).
Number of loans not over $3,000 each, 615, amounting to $1,124,650.
152 real estate loans made during year, amounting to $840,100.
5%,
$211,892;
5H%,
Dividends, Deposits and Withdrawals
l
Ordinary dividends declared during year: Nov., 1923, 2 /i%
May,
Number
of deposits during year, 25,370,
Number
of
Net
2M%
$99,429 39
1924,
'
to (accounts opened 2,225)
amounting
.
.
104,787 15
1,529,251 96
.
withdrawals during year, 13,656, amounting to (accounts closed 1,660)
increase in
amount due
$1,733,408 50
1,416,162 87
$317,305 63
depositors (accounts increased 565)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$660,000 United States 4Ms
50,000 Massachusetts 3^s
10,000 Massachusetts 4s
Railroad Bonds
$25,000 Baltimore & Ohio 5s
25,000 Boston & Albany 4s
5,000 Boston & Albany 5s
25,000 Boston & Maine 4s
12,500 Boston & Maine 6s
40,000 Cen. R.R. of N. J. 5s
50,000
25,000
22,000
15,000
50,000
C,
B.
&
Q.
3^s
& St.
Paul 5s
Chi. & Northwestern 5s
Cleve., L. & Wheel. 5s
Mich. Cen. - Detroit &
Bay City 5s
10,000 Dex. & Piscataquis 4s
25,000 Fre., Elk. & Mo. Val. 6s
35,000 Fitchburg 4s
25,000 Fitchburg 4J^s
15,000 Gouv. & Oswegatchie 5s
30,000 Illinois Central 3s
Chi., Mil.
Par Value
Par Value
$25,000
15,000
21,000
40,000
25,000
25,000
25,000
50,000
25,000
16,000
25,000
25,000
15,000
50,000
10,000
25,000
30,000
19,000
25,000
25,000
Illinois Central 4s
Gr. R. 5s
Kal., Alle.
&
& Nash. 5s
& Nash. 6s
Maine Central 4^s
Louis.
Louis.
Maine Central 5s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
Northern Pacific 6s
Old Colony 4s
Old Colony 5^s
Pennsylvania 5s
Phila. Bait. & Wash. 5s
Port. & Ogdens. 43^s
Portland Terminal 4s
Portland Terminal 5s
Ports., Gt. F. & C.4^s
Sioux City
&
Pac.
Boston Terminal Co. Bonds
$28,000 Boston Terminal 3>£s
Telephone Company Bonds
$50,000 Am. Tel. & Tel. Co. 4s
25,000 Am. Tel. & Tel. Co. 5a
25,000 N. E. Tel. & Tel. Co. 5»
Gas, Electric and Water
Com-
pany Bonds
$16,000
New
Eng. Power Co. 5s
3Hs
Vermont Val. 4^s
Washington Co. 3^3
Street Railway
$50,000 Lynn & Boston 5s"
20,000 West End 6^s
25,000 Wore. Consol., 4K-s
Bonds
$50,000 Boston Elevated 4s
15,000 Boston Elevated 6s
Bank Stocks
Shs.
20
105
80
100
Com.
Sec. Nl. Bk., Boston
Atlantic Nl. Bk., Boston
Second Nl. Bk., Boston
Nl. Shawmut Bk., Boston
—
P.
D.
8,
Part
155
I.
MEDWAY — MEDWAY SAVINGS BANK
Incorporated February 20, 1871.
Number
Addison E. Bullard, President.
William N. Hitchcock, Clerk of
of corporators,
40
Samuel Norton, Treasurer*
the Corporation
Board of Trustees: G. S. Bent,*f A. E. Bullard,* G. W. Bullard, F. C. Clark,* A. E. Clough,* P. B. Hart,
W. N. Hitchcock, f W. H. Hinman, R. J. Hodgson, f G. P. Holbrook, T. F. alloy, t Samuel Norton,
R. M. O'Donnell, T. E. O'Donnell, W. W. Ollendorff, W. L. Palmer, E. F. Richardson,* Sumner
Robbins, A. L. Ruggles,* A. L. Saunders.f H. H. Thorne.*
M
Deposits draw interest from
and December
first
business day of each month; dividends are payable on and after June 15
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12
m
15.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Loans on real estate (less S_'(K)
due thereon)
Loans on personal security
Furniture and fixtures
Due from banks and trust
Cash
1924
Liabilities
$145,826 63
125,460 00
20,000 00
15,532 50
Deposits (2,315 accounts, average,
$380.66)
Surplus:
Guaranty fund (4-90%
a.
$881,250 93
of de-
....
....
posits)
614,775 00
30,225 00
886 88
....
panies
31,
43,194
36,652
19,856
507
b. Profit and loss
Interest, less current expenses
Discount unearned
18
02
43
01
22,587 00
6,167 56
Total Assets
$981,460 57
Total Liabilities
$981,460 57
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
.
$148.89
.15
264
Total
$6,384.27
6.50'
5.41
Rates on Investments and Loans (Average on
real estate loans,
Other Expenses
$1,535.49
1.57
Advertising
paid for
$3,621.00
$763.89
$315.00
Cost per $1,000 of assets
3.69
.77
.32
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $51,344.53.
averaging $2,328.69 (average rate, 6.05%);
6%,
All,
5.58%)
$552,125;
6^%,
$58,450;
7%,
$4,200.
12 personal loans, averaging $2,518.75 (average rate, 5.33%); 4%%, $10,000;
$10,000; 6%, $3,075; 6H%, $4,500.
Bonds, stocks, etc. (average rate on amount invested. 4.66%).
Number of loans not over $3,000 each, 201, amounting to $305,225.
59 real estate loans made during year, amounting to $155,910.
5%,
$2,650;
5M%,
Dividends, Deposits and Withdrawals
2%%
2^%
....
Ordinary dividends declared during year: Dec, 1923,
June, 1924,
Number of deposits during year, 2,729, amounting to (accounts opened 249)
Number
of
withdrawals during year, 1,899, amounting to (accounts closed 198)
Net increase
in
$17,788 51
18,617 46
2231934 49
-
amount due depositors (accounts increased
$260,340 46
213,665 93
$46,674 53
51)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$600 United States 3Hs
131,250 United States 4Ms
5,000 Boston 4s
5,000 Medway 4s
600 Millis 4s
10,000 Kittery, Me. (W. D.) 5s
Railroad Bonds
& Aroostook 5s
& Lowell 4s
$5,000 Bangor
2,000 Boston
5,000 Boston
& Maine
Board
of
4J^s
Investment.
Par Value
$3,000 Old Colony 4s
Par Value
$5,500 Boston
10,000
6,000
5,000
5,000
5,000
5,000
1,000
16,000
10,000
5,000
10,000
26,000
& Maine 6s
B. & Q. 33^s
Chi., Mil. & St. P. 4^s
Chi., Mil. & St. Paul 5s
Chi. & Northwestern 5s
Chi., St. P. M. & O. 6s
Fitchburg 4s
Illinois Central 3s
Illinois Central 3Hs
Illinois Central 4s
New England 4s
N. Y. C. & H. R. 3Hs
N. Y., N. H. & H. 4s
5,000 Ports., Gt. F. & C. 4^s
8,000 St. J. & L. C. 5s
5,000 Washington Co. 3J^s
C,
Street Railway Bonds
$10,000 Boston Elevated 4V2 s
10,000 Boston Elevated 6s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$18,000
f
Auditing Committee.
—
P. D. 8, Part
15(5
MELROSE — MELROSE SAVINGS BANK
Incorporated April
5,
1872.
Number
I.
of corporators, 64
John Larrabee, President.
Henry A. Bush, Clerk of the Corporation.
Frank M. Hoyt, Treasurer.
George S. Curtiss, Assistant Treasurer.
of Trustees: C. H. Adams,* F. P. Bowden, A. L. Carr,* J. H. Duffill.f W.C. Goss, J. A. Hewes,
M. Hoyt, E. J. Kitching.f John Larrabee,* S. H. Martin, A. N. Murray, E. S. Page.t C. S. Patten,
H. T. Sands. F. P. Shumway.*
Board
F.
Deposits draw interest from first day of each month; dividends are payable January 20 and July 20.
Business hours: 8. a.m. to 2 p.m.; Saturdays, 8 a.m. to 12 m. and 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Federal Land Bank bonds
Bank and trust company stocks
Securities acquired for debts
31,
1924
Liabilities
$922,810
624,142
125,324
37,893
79
75
60
75
Deposits (11,004 accounts, average,
S352.80)
Christmas and other club deposits
Guaranty fund (4-87%
a.
49,400 00
25,000 00
12,500 00
710 00
.
....
Loans on real estate (less $8,402.5
due thereon)
Loans on personal security
Real estate by foreclosure, etc. (as
.
$3,882,250 17
28,861 00
Surplus:
posits)
Profit
Interest
6.
Other
and
loss
liabilities
of de-
....
....
190,544
152,341
80,385
4
73
61
31
72
1,471,545 46
910,261 00
2,058 90
sessed value, S4,600)
insurance, etc., paid on
mortgaged properties
Due from banks and trust com
Taxes,
487 71
.
panies
111,007 59
41,244 99
Cash and cash items
Total Assets
$4,334,387 54
Total Liabilities
$4,334,387 54
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$8,512.07
$14,917.96
$900.00
1.96
Cost per $1,000 of assets
3.45
.20
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $209,902.84.
.
$734.69
real estate
loans,
averaging $2,267.40 (average rate, 5.97%);
All,
5%,
Total
$6,294.01
1.45
.17
Rates on Investments and Loans (Average on
649
Other Expenses
Advertising
$31,358.73
7.23
5.07
5.22%)
$28,985;
5M%,
$7,257;
6%,
$1,435,304.
76 personal loans, averaging $11,977.11 (average rate, 5.08%); 4^%, $85,000; 5%, $505,481;
$245,000; 5^%, $35,700; 6%, $39,080.
Bonds, stocks, etc. (average rate on amount invested 4.67%).
Number of loans not over $3,000 each, 535, amounting to $807,887.96.
107 real estate loans made during year, amounting to $414,915.
534%.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 19,645,
Number
of
2%%
2H%
$78,436 46
withdrawals during year, 10,871, amounting to (accounts closed 90S)
Net increase
*
in
Board
amount due
of
926,808 13
$1,086,282 75
859,341 85
$226,940 90
depositors (accounts increased 104)
Investment.
SI, 038 16
July, 1924,
to (accounts opened 1,072)
amounting
t
Auditing Committee.
—
P.
D.
8,
Part
157
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$743,100 United States A%s
10,000 Belfast, Me., 6s
25,000 Boston 5s
10,000 Des Moines, la., 5s
15,000
1,000
6,000
15,000
18,000
10,000
10,000
9,500
1,000
4,000
4,000
1,000
25,000
15,000
10,000
15,000
Detroit, Mich.,
4^s
Duluth, Minn., 4s
Haverhill 5%s
Lawrence 4J^s
Los Angeles, Cal., 4^3
Los Angeles, Cal., 4%s
Los Angeles, Cal., 5>ls
Melrose 4s
Bedford 4s
Norwalk, Conn., 4s
Quincy 4Ks
Revere 4s
San Fran., Cal., 4^3
San Fran., Cal., 5s
Seattle, Wash., 5s
Spokane, Wash., 4^s
500 Augusta, Me. (W. D.)
New
4s
Public Funds, Notes
5^s
$6,000 Melrose
Par Value
Par Value
$10,000 Bangor
15,000 Bangor
43,000 Boston
54,000 Boston
20,000 Boston
10,500 Boston
$32,000 St. P. Minn. & Man. 4s
2,000 Somerset 4s
10,000 So. Pacific 4s
& Aroostook 4s
& Aroostook 5s
& Albanv 4s
& Maine 4s
& Maine 4^s
& Maine 6s
C, B. & Q. 4s
Chi., Mil. & St. P. 4s
Chi., Mil. & St. P. 4^s
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Cleve. Short Line 4^9
Cleve. Term. & Val. 4s
Del. & Hudson 4s
24,000
5,000
10,000
30,000
20,000
5,000
5,000
35,000
23,000 Fitchburg 4s
5,000 Fitchburg 4}4s
1,000 Fre., Elk. & Mo. Val. 6s
25,000 Illinois Central 4s
10,000 Illinois Central 5s
20,000 Lake Sh. & Mich. S. 4s
10,000 Louis. & Nash. 5s
10,000 Louis. & Nash. 5J^s
25,000 Maine Central 4^s
5,000 Michigan Central 4s
5,000 Michigan Central 5s
20,000 Minn., St. P. & S. Ste.
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated 5s
Eastern Mass. 4Hs
S21.000
17,000
23,000
19,000
7,000
12,000
10,000
25,000
West
West
West
West
End 4s
End 43^s
End 6s
End 6}£s
Telephone Company Bonds
& Tel.
& Tel.
Co. 4s
Co. 5s
Gas, Electric and Water
Com-
$34,000
Am.
Tel.
7,500 N. E. Tel.
pany Bonds
$25,000 N. E. Power Co. 5s
10,000 N. B. Gas & Ed. Lt. 6^s
15,000 Turners Falls Pow. & EI.
Co. 5s
M.4s
Railroad Bonds
$55,000 Atch., Top. & S. Fe 4s
25,000 Baltimore & Ohio 3J^s
35,000 Baltimore & Ohio 4s
5,000 Baltimore & Ohio 4^s
2,000 Baltimore & Ohio 5s
1,000
25.000
11,000
5.000
10,000
25,000
5,000
New England 4s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 4s
N. Y. & Putnam 4s
No Pacific 6s
Federal
Pennsvlvania 4j^s
Portland Term. Co. 4s
Shs.
Bank
Land
$25,000 Columbia
Bonds
C. 4J^s
S.
Bank Stocks
50 First Nl. Bk., Boston
MERRIMAC — MERRIMAC SAVINGS BANK
Incorporated April 19, 1871.
Number
of corporators,
36
A. Raymond Waterhouse, Treasurer.
William B. Sargent, Clerk of the Corporation
Edgar P. Sargent, President.
of Trustees: D. W. Gould, F. B. Judkins, J. B. Judkins,* Zenas Lovell, C. A. Noves. J. F. Pease, t
E. H. Preble, B. F. Sargent, B. H. Sargent,*! E. P. Sargent,* H. R. Sargent, W. B. Sargent, t F. E.
Sweetser, G. A. Titcomb, G. T. Walker, A. R. Waterhouse.
Board
Deposits draw interest from fifteenth day of each month; dividends are payable April 25 and October 25.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.
STATEMENT OF CONDITIONS, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $500
due thereon)
Loans on personal security
Furniture and fixtures
Due from banks and trust com
.
....
Total Assets
Board
1924
Liabilities
$65,652
146,366
35,881
9,950
12,891
00
25
30
00
25
Deposits (1,941 accounts, average,
$38240)
Christmas and other club deposits
a.
Guaranty fund (4-74%
8742.250 93
9,976 00
of de-
....
posits)
29,048 75
9,860 00
.
Surplus:
35,040 00
13,051 18
135 73
Profit and loss
Interest, less current expenses
b.
451,797 96
10,345 00
700 00
26,271 98
2,289 35
panies
Cash and cash items
*
31,
$801,053 84
of
Investment.
Total Liabilities
f
$801,053 84
Auditing Committee.
158
P. D. 8, Part
I.
Total Expenses for the Year, including State Taxes
Tax (Net)
$1,313.50
State
Amount
paid for
.
Cost per $1 ,000
Rent
Salaries
Advertising
$387.50
48
$2,848.00
of assets
1 64
3. 55
Cost per $1,000 of assets not including State tax and rent
.
$45.71
Other Expenses
$761.78
.06
.
Total
$5,356.49
6.68
4.56
.95
Gross income received during the year, $41,483.80.
Rates on Investments and Loans (Average on
All,
5.49%)
averaging $2,538.19 (average rate, 6.01%); 5 A%, $9,000; 6%, $433,098;
178
6 personal loans, averaging $1,724.17 (average rate, 6%); 6%, $10,345.
(average
rate on amount invested, 4.72%).
stocks,
etc.
Bonds,
Number of loans not over $3,000 each, 125, amounting to $166,547.96.
made
during
year, amounting to $124,650
loans
35 real estate
real estate loans,
l
6V^%
$9,700.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2%%
2*4%
....
....
$15,522 28
15,867 39
155,105 64
during year, 3,382, amounting to (accounts opened 176)
$186,495 31
155,772 04
withdrawals during year, 2,176, amounting to (accounts closed 140)
Net increase
in
amount due
depositors (accounts increased 36)
$30,723 27
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$10,000
10,000
2,000
28,600
U. S. Treas. Bonds
U. S. Treas. Notes
U. S. Treas. Notes
United States 4^s
Par Value
$9,000
7,000
10,000
10,000
2,000
10,000
8,000
10,000
15,000
6,000
10,000
10,000
4Ms
4Ms
4^9
Public Funds, Notes
$5,000 Hammond, Ind., 6s
4,000 Lorain, Ohio, 6s
1,000 Lynn 5s
1,000 Attleboro 4s
350 Merrimac 4s
3,000 Merrimac 4%s
2,100 Merrimac 5s
Chi., Mil.
Chi., Mil.
Chi.
&
& St. Paul 4s
& St. Paul 4^9
$7,000 Am. Tel. & Tel. Co. 4s
7,000 N. E. Tel. & Tel. Co. 5a
Northwestern 5s
Central 3s
Central 5s
Maine Central 5s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3Ms
Illinois
Illinois
Gas, Electric and Water
No. Pacific 6s
Pennsvlvania 4J^s
Portland Terminal 4s
St. L., Peoria
Street Railway
Railroad Bonds
$6,000 Baltimore & Ohio 4s
15,000 Baltimore & Ohio 43^s
5,000 Bangor & Aroostook 5s
5,000 Boston & Albany 3^s
20,000 Boston & Maine 4s
Telephone Company Bonds
Par Value
& Nw.
$5,000
2,000
15,000
7,000
2,000
5s
Com-
pany Bonds
Hingham Water Co.
N.B. G.&Ed.Lt.Co.
5s
6a
N. E. Power Co. 5s
Old Colony Gas Co. 5a
Pittsfield Elec. Co. 6a
Bonds
$15,000 Boston Elevated 4s
6,000 Boston Elevated 5s
15,000 West End 4s
Bank Stocks
Boston Terminal Co. Bonds
$10,000 Boston Terminal
3^3
Shs.
10 Beacon Trust Co., Boston
10 Old Colony Tr. Co., Boston
25^ First Nl. Bk., Merrimac
10 Nl. Shawmut Bk., Boston
MIDDLEBOROUGH — MIDDLEBOROUGH SAVINGS BANK
Incorporated
March
15, 1873.
Number
of corporators,
35
Theodore N. Wood, Treasurer.
George E. Doane, President.
George W. Stetson, Clerk of
the Corporation
C. N. Atwood,* L. O. Atwood, F. L. Barrows, W. G. Bovnton, F. Clark, Jr.,* J. M.
Clark, G. E. Doane,* C. M. Leonard, E. T. Lincoln, J. A. Miller, A. G." Pratt, M. S. Ryder.t C. L.
Shaw, S. Shaw, J. A. Sparrow, G. W. Stetson, f A. R. Thatcher, G. E. Tillson.t A. H. Tripp, T. N.
Board
of Trustees:
Wood.
Deposits draw interest from first day of each month; dividends are payable April 5 and October 5. Business hours: 9 a.m. to 12.30 p.m.; 2 to 4 p.m.; Saturdays, 9 a.m. to 12.30 p.m.; also Mondays, 7 to
8 p.m.
*
Board
of
Investment.
* Auditing
Committee.
—
P.
D.
8,
Part
159
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$440,302
647,642
153,175
51,043
57,830
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
95
50
00
75
00
....
....
Deposits (7,247 accounts, average
SU7.56)
Surplus:
a.
Guaranty fund (4.99%
posits)
$3,243,444 02
of de
161,800
65,332
20,439
1,116
b. Profit and loss
Interest, less current expenses
.
45,000 00
15,700 00
50 00
Securities acquired for debts
Loans on real estate (less $11,500
....
Discount unearned
.
00
67
91
32
1,681,877 00
due thereon)
Loans on personal security
258,156 00
40,000 00
Bank building {est. vol., $60,000)
Due from banks and trust com-
96,705 27
4,650 45
panies
Cash and cash items
Total Assets
Total Liabilities
$3,492,132 92
$3,492,132 92
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$5,504.44
$9,233.53
$600.00
paid for
2.64
1.58
.17
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $183,232.97.
$83 50
.
.
.
.02
Other Expenses
Total
$2,112.06
$17,533.53
.61
5.02
3.27
Rates on Investments and Loans (Average on AH, 5.38%)
averaging $4,437.67 (average rate, 5.87%) 5^%. $115,000; 5^%, $209,500: 5%%,
$135,000; 6%, $1,222,377.
78 personal loans, averaging $3,309.70 (average rate, 5.49%); 5J4%, $45,000; 5J^%, $197,845; 6%,
379
real estate loans,
;
$15,311.
stocks, etc. (average rate on amount invested, 4.78%).
of loans not over $3,000 each, 353, amounting to $382,908.
71 real estate loans made during year, amounting to $341,725.
Bonds,
Number
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2J4%
2%%
....
....
$69,227 79
69,598 97
549,263 37
during year, 7 ,771 amounting to (accounts opened 469)
,
$688,090 13
620,303 60
withdrawals during year, 5,718, amounting to (accounts closed 448)
Net increase
in
amount due depositors (accounts increased
21)
$67,786 53
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000 U. S. Treas. Notes
351,500 United States 4Ms
4%s
5,000 Winthrop 3%s
10.000 Kitterv, Me. (W. D.) 5s
16,000 Middleboro (F. D.) 4s
Public Funds, Notes
$1,500
10,000
5,000
21,000
Halifax 6s
Lakeville 4%s
Middleborough 5s
Middleboro (F. D.) 4s
Railroad Bonds
$65,000 Baltimore & Ohio 4s
35,000 Baltimore & Ohio 43^s
20,000 Baltimore & Ohio 5s
15,000 Bangor & Aroostook 5s
30,000 Boston & Maine 4s
500 Boston & Maine 6s
20,000
30,000
20,000
10,000
Chi., Mil.
Chi., Mil.
Chi., Mil.
&
&
&
Fitchburg 4s
St. P. 4s
St. P.
St. Paul 5s
4^3
Par Value
$30,000 Fitchburg 4^s
16,000 Fitchburg 5s
10,000 Great Northern
20,000
30,000
25,000
10,000
45,000
43,000
55,000
16,000
20,000
5,000
25,000
12,000
25,000
15,000
20,000
20,000
10,000
Illinois
Louis.
Par Value
4^s
Central 4s
&
Nash. 4s
Maine Central 4J^s
Michigan Central 4s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Northern Pacific 4s
No. Pacific 5s
No. Pacific 6s
Old Colony 4s
Old Colony 5^s
Pennsylvania 43^s
Pennsylvania 5s
Union
Union
Pacific 4s
Pacific 5s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated bV2 s
Eastern Mass. 43^s
$15,000
30,000
20,000
25,000
4,000
$19,000
25,000
2,000
15,000
10,000
Prov.
& Taunton
6s
West End 4s
West End 4^3
West End 5s
Wore. Consolidated 5s
Wore. & Southbridge 7s
Boston Terminal Co. Bonds
$52,000 Boston Terminal
3^s
Telephone Company Bonds
$25,000 Am. Tel. & Tel. Co. 5s
35,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
& Ed. Lt. Co. 5s
15,000 Law. Gas Co. 7s
10,000 W. Boston Gas Co. 7s
$20,000 N. B. G.
Bank Stocks
Shs.
30 Merchants Nl. Bk., Boston
100 Nat'l Shawmut Bk., Boston
27 Plvmouth Nl. Bank
—
D.
P.
160
8,
Part
I.
MILFORD — MILFORD SAVINGS BANK
Number
Incorporated April 24, 1851.
of corporators,
James E. Walker, Treasurer.
Percy L. Walker, Assistant Treasurer.
Clifford A. Cook, President.
Frank D. Field, Clerk of the Corporation.
A Cook,* H. M. Curtiss.t C. H. Draper, G. W
I. Stimpson, W. B. Temple, Augustus YV heeler,*
H. A. Billings, V. W. Collier,*t C.
D. Field, F. P. Lee, F. C. Lothrop, W.
Williams.
Wendell
Board
42
of Trustees:
Ellis.t !'
Deposits draw interest from tenth day of each month; dividends are payable the third Saturday of April
and October. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m.
STATEMENT OF CONDITION, OCTOBER
Liabilities
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $450 due
thereon)
Loans on personal security
Bank building {est. val., $25,000)
.
.
....
Due from banks and
panies
trust
1924
31,
$1,765,711
017,726
150,000
90,591
50
25
00
25
Deposits (10,945 accounts, average
$5,512,980 77
$503.70)
Surplus:
o.
....
....
Guaranty fund (4-53%
posits)
b. Profit and loss
Interest, rents, etc,
50,000 00
155,396 50
of de
249,508 78
164,896 94
.
expenses
Discount unearned
2,170,816 92
909,772 00
25,000 00
less
current
14,625 89
3,555 90
.
com
9,814 93
738 93
Cash and cash items
$5,945,568 28
Total Liabilities
$5,945,568 28
Total Assets
Total Expenses for the Year, including State Taxes
Rent
Salaries
Tax (Net)
$10,988.00 $1,200.00
$8,712.27
paid for
,20
1.85
1.46
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $294,956.94.
State
Amount
Advertising
estate loans,
5%,
averaging $2,863.87 (average rate, 5.53%);
3.97
2.31
41
05
Rates on Investments and Loans (Average on
758 real
Total
Other Expenses
$270.45
.
.
All,
5.10%)
$50,000;
$100 000;
101 pefslTalhans, averaging $9,007.64 (average rate, 4 91%) ! 4%.
$6,375.
$95,000; 5%, $407,597; 534%, $230,000; 5^%, $45,800; 6%,
Bonds, stocks, etc. (average rate on amount invested 4.84 7c)439.03.
to
*939,
amounting
Number of loans not over $3,000 each, 667,
187 real estate loans made during year, amounting to $769,000.
5M%. $1,954,067; 6%,
4M%, $25,000; 4*%.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Number
Number
of deposits during year, 21,083,
of
amounting
2M%
•
to (accounts
•
•
•
•
withdrawals during year, 10,628, amounting to (accounts closed 1,153)
Net increase
*
in
Board
amount due depositors (accounts increased
of Investment.
•
opened 1,336)
183)
t
$
•
.
.
.
\\f^H
J),
1,345,721
9(
$1,577,734
1 ,277,933
4(
8"
$299,800
5:
Auditing Committee.
—
P. D. 8, Part
161
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$150,000 U. S. Treas. Notes 4^3
25,000 U. S. Treas. Notes 4Ms
1,256,500 United States 4Ms
25,000 Michigan 5^3
25,000 Cleveland O., 5^s
25,000
75,000
25,000
10,000
10,000
15,000
50,000
75,000
50,000
25,000
25,000
63,000
Public Funds, Notes
Bellingham 4Ms
Bellingham 5s
$10,000
48,000
9,000
4,000
250,000
18,000
Mendon
5s
Milford 4s
Milford 5s
Upton
5s
Railroad Bonds
$50,000 Baltimore & Ohio 4J^s
50,000 Boston & Albany 3J^s
50,000 Boston & Albany 4s
12,000 Boston & Albany 5s
Telephone Company Bonds
Par Value
$30,000 Boston
60,000 Boston
& Maine 4s
& Maine 4^3
C, B. & Q. 3Hs
C, B. & Q. 4s
Chi., Mil. & St. Paul 5s
Cleveland & Pitts. 4^s
$75,000 Am. Tel. & Tel. Co. 4s
25,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
No. Maine Seaport 5s
No, Pacific 4^s
Pennsylvania 4^s
West End
4s
Wore. Consolid'ed 4>^s
Com-
pany Bonds
Fitchburg 4s
$25,000 Turners Falls P. & Lt.
Co. 5s
25,000 N. B. Gas & Ed. Lt.
Co. 5s
New England 5s
N. Y. C. & H. R. 3^s
N. Y., N. H. &H. 3Hs
N. Y., N. H. & H. 4s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated 6s
$40,000
25,000
15,000
60,000
10,000
Par Value
Bank Stocks
Shs.
420 First Nl. Bk., Boston
8 Merchants Nl. Bk., Boston
285 Nl. Shawmut Bk., Boston
47 Nl. Union Bk., Boston
12 Web. & At. Nl. Bk., Boston
125 Home Nl. Bk., Milford
170 Milford Nl. Bank.
MILLBURY — MILLBURY SAVINGS BANK
Incorporated April 10, 1854.
George
J.
Number
of corporators,
Dudley, President.
40
Ernest L. Smith, Treasurer.
Edward
F. Rice, Clerk of the Corporation
Board of Trustees: W. W. Brierlv, H. W. Carter,* D. A. Donovan, T. A. Dowd.f Damien Ducharme,*
G. J. Dudley,* H. W. Glover, H. M. Goddard,*t W. B. Harris, E. F. Hull, H. J. Lavallee, J. R.
Lincoln,* H. T. Maxwell, F. W. Moore, f H. B. Proctor, E. F. Rice, E. L. Smith, C. D. Whitney,
W. W. Windle.
Deposits draw interest from first day of each month; dividends are payable January 15 and July 15.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $500
$313,832
560,580
96,000
32,448
....
due
Deposits (6,280 accounts, average,
$3,079,977 14
14,597 65
.
Surplus:
Guaranty fund (4.90% of
de-
....
posits)
151,574 26
157,883 19
Profit and loss
Interest, less current expenses
b.
and taxes
51,871 64
2,149,786 31
180,287 65
14,308 13
Bank building (est. val., $50,000)
Furniture and fixtures
Taxes, insurance, etc., paid on
mortgaged properties
.
200 00
61 07
.
trust
1924
$49044)
Christmas and other club deposits
a.
Loans on personal security
Due from banks and
96
34
00
75
34,462 50
19,400 00
15 00
.
thereon)
31,
Liabilities
com
43,432 15
11,089 02
panies
Cash
Total Assets
$3,455,903 88
Total Liabilities
$3,455,903 88
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$2,733.99
$7,330.80 $400.08
Cost per $1,000 of assets
.79
2. 12
.12
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $183,326.64.
.
*
Board
.
of Investment.
Advertising
$1,672.40
Other Expenses
$4,470.87
1.29
t Auditing
Committee.
Total
$16,608.14
4.80
3.89
162
P.
Rates on Investments and Loans (Average on
705 real
estate loans,
PW
D.
8,
Part
I.
,
averaging $3,049.34 (average rate, 5.83%); 5^%, $743,980; 0%
$140.5 806
3
iaVeraSe mte 5 64%); 5% $38 653
5 ^%- «.600: '^A%,
'
$M^revi^h9f^7%' $i'^
Bonds,
All, 5.59 r
'
'
'
=
(average rate on amount invested, 5.11%).
Number of loans not over $3,000 each, 663, amounting to $787,436.31.
75 real estate loans made during year, amounting to $213,300.
slocks, etc.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: Jan., 1924,
July, 1924,
Number
of deposits during year, 8,292,
Number
of withdrawals during year, 5,129,
Net
increase in
2}4%
2M%
$63,812 10
65,705 90
523,992 94
'
'.
.
.
amounting to (accounts opened 487)
amounting
$653,510 94
509,259 28
to (accounts closed 405)
amount due depositors (accounts increased
82)
.
.
§144 251
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$146,250 United States 4Ms
Public Funds, Notes
$2,500
20,000
40,000
60,000
2,000
24,000
2,700
19,000
Longmeadow
4s
Millbury 4^s
Millbury 4%s
Millbury 5s
Millbury 5%s
Millbury 6s
Sutton 4s
Sutton 5s
Par Value
$10,000
10,000
20,000
15,000
10,000
25,000
26,000
15,000
30,000
20,000
25,000
20,000
10,000
10,000
Railroad Bonds
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Albany 5s
$10,000
25,000
5,000
15,000
20,000
& Lynn 4M*
& St. Paul 4s
& St. P. 4^s
& St. Paul 5s
16,000 B., R. B.
.54,000 Chi., Mil.
21,000 Chi., Mil.
30,000 Chi., Mil.
15,000
10,000
10,000
30,000
10,000
39,000
20,000
30,000
10,000
10,000
5,000
30,000
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Chi. St. P. M. & O. 6s
Cleve. Short Line 4>£s
Delaware & Hudson 4s
Fitchburg 4^s
Fitchburg 5s
Gouverneur & Osw. 5s
Illinois
Louis.
Louis.
Central 4s
Nash. 4J^s
&
&
Street Railway Bonds
Par Value
$5,000 Eastern Mass. 4^3
20,000 Eastern Mass. 6s
21,000 Lvnn & Boston 6s
10,000
10,000
West End 4^s
West End 5s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$36,000
Nash. 5s
Maine Central 4^s
Michigan Central 4s
Minn. St. P. & St. Ste.
M
4s
Nash., Flor.
&
Shef. 5s
North. 4s
New London,
N. Y. C. & H. R. 4Hs
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 33^s
N. Y., N. H. & H. 4s"
No. Maine Seaport 5s
Northern Pacific 5s
Northern Pacific 6s
Pennsylvania 4J^s
Portland Terminal 4s
Boston Elevated 4 Us
Gas, Electric and Water
pany Bonds
Com-
$5,000 Marl. -Hud. G. Co. 5^8
20,000 N. Eng. Power Co. 5s
10,000 Old Colony Gas Co. 5s
Bank Stocks
g ns
43 Metropolitan Tr. Co., Boston
(inliq.)
35 Second Nl. Bk., Boston
10 Web. & Atlas Nl. Bk., Boston
2 Millbury Nl. Bk.
20 North Adams Nl. Bk.
12 Ware Trust Co.
72 Worcester Bank & Trust Co.
MILTON — MILTON SAVINGS BANK
Incorporated
H.
May
Clifford Gallagher, President.
Frederick Chase, Clerk of the Corporation.
18, 1905.
Number
of corporators, 33
Frederick A. Gaskins, Treasurer.
William G. Swan, Assista?it Treasurer.
of Trustees: J. B. Baxter, Clarence Boylston.f Frederick Chase, T. K. Cummins,* H. C. Gallagher,*
F. A. Gaskins, Walter Jackson, t T. W. Melley, C. S. Pierce, M. V. Pierce, P. E. Sheldon, M. L.
Sperry, N. H. Stone,* John Talbot,* W. B. Thurber, A. H. Tucker, E. P. Whitney, f George
Board
Wigglesworth*
Deposits draw interest from second Thursday of March, June, September and December; dividends are
payable the fourth Thursday of March and September. Business hours: every business day except
Saturday, 2 to 5.30 p.m.
*
Board
of Investment.
t Auditing
Committee.
—
P.
D.
8,
Part
163
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
§281,817
447,779
23,715
28,725
Telephone company bonds
Gas, electric and water companj
bonds
.
1924
Liabilities
Deposits (3,582 accounts, average,
t484A7)
SI, 555,912 88
Surplus:
a.
Guaranty fund {2.17%
of de-
....
33,711 51
21,380 66
7,671 88
posits)
b. Profit and loss
Interest, less current expenses
512,000 00
196,600 00
305 29
due thereon)
Loans on personal security
Other assets
Due from banks and trust com
.
.
00
00
49,312 50
20 00
Securities acquired for debts
Loans on real estate (less $3,500
.
52
70
31,
....
75,778 53
2,623 39
panies
Cash
Total Assets
$1,618,676 93
Total Liabilities
$1,618,676 93
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
Advertising
$600.00
$4,129.97
$2,600.00
for
.2.55
1.61
.37
per $1,000 of assets
per $1,000 of assets not including State tax and rent
Amount paid
.
Other Expenses
$291.94
$1,291.04
.18
.80
Cost
Cost
Gross income received during the year, $74,602.54.
.
Rates on Investments and Loans (Average on
All,
Total
$8,912.95
5.51
2.59
5.04%)
129 real estate loans, averaging $3,968.99 (average rate, 6%); 6%, $512,000.
13 personal loans, averaging $15,123.07 (average rate, 4.93%); 4^%, $45,000;
5%, $143,600: 6%.
$8,000.
Bonds, stocks, etc. (average rate on amount invested, 4.48%).
Number of loans not over $3,000 each, 74, amounting to $143,150.
29 real estate loans made during year, amounting to $124,300.
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: March, 1924,
Sept.,
Number
of deposits during year, 6,309,
Number
of
1924,
2%%
2%%
...
$29,788 34
31,863 83
449.733 24
amounting to (accounts opened 433)
$511,385 41
362,915 60
withdrawals during year, 2,670, amounting to (accounts closed 301)
Net increase
in
amount due
depositors (accounts increased 132)
$148,469 81
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$10,000 U. S. Treas. Bonds
30,000 U. S. Treas. Notes
160,000 United States 4^s
Par Value
4Ms
4%s
25,000 Illinois 4s
Public Funds, Notes
Boston 3>^s
Boston 4s
Brockton 4s
$2,000
10,000
10,000
10,000
14,000
15,000
Lvnn 4^s
Seattle 4s
Oldtown, Me. 4s
Railroad Bonds
$10,000
25,000
5,000
10,000
15,000
30,000
10,000
10,000
Alleghenv Vallev 4s
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4>£s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Maine 4^s
Chi., Mil. & St. Paul 4s
$4,000
25,000
5,000
20,000
5,000
10,000
10,000
23,000
10,000
5,000
& St. P. 4J^s
Chi. & Northwestern 4s
Chi., R. I. & Pac. 4s
Delaware & Hudson 4s
Fitchburg 4s
Chi., Mil.
Fitchburg 43^s
Illinois Central 3s
Illinois Central 4s
Lake Sh. & Mich. So. 4s
Little Falls & Dolge-
ville 3s
10,000 Maine Central 4J^s
10,000 Mich.-Cent.-Mich. Air
Line 4s
7,000 Mil. & North. 4^s
25,000 Minn., S. Ste. M. & A. 4s
35,000 N. Y. C. & H. R. 4s
5,000 N. Y. C. & H. R. 5s
40,000 N. Y., N. H. & H. 4s
10,000 New York & Putnam 4s
15,000 No. Pacific 3s
10,000 No. Pacific 4s
10,000 Pennsvlvania 4^s
5,000 Portland Terminal 5s
10,000 Ports., Gt. F. & C. 4^9
Par Value
$1,000
1,946
30,000
25,000
5,000
Port.
& Rum. Falls 4s
Minn. & Man. 4s
St. P.,
So. Pacific 4s
Union Pac. 4s
Wash. & Col. River 4s
Street Railway
Bonds
$10,000 Boston Elevated 5J^s
10,000 Eastern Mass. 4^s
5,000 West End 4s
Telephone Company Bonds
$19,000 Am. Tel. & Tel. Co. 5s
10,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 Char. G. & E. Co. 5s
10,000 N. B. Gas & Ed. Lt. Co.
6Ms
10,000 Newb'yp't
Gas &
Elec.
Co. 5s
20,000 N. E. Power Co. 5s
—
164
P.
MONSON — MONSON SAVINGS BANK
Incorporated
Carlos
M. Gage,
March
29, 1872.
Number
8,
Part
I.
28
of corporators,
Charles A. Brad way, Treasurer.
Corporation
President.
William L. Ricketts, Clerk of
D.
the
of Trustees: F. L. Bliss,*f C. A. Brad way, S. F. Cushman.f F. J. Entwistle, Rufus Fay.f G. C.
Flynt, L. C. Flynt,* C. M. Gage,* C. W. Jackson, O. C. McCray, C. L. Ricketts,* W. L. 'Ricketts,
P. W. Soule.
Board
Deposits draw interest from first day of January, April, July and October; dividends are payable April 1
and October 1. Business hours: 9 a.m. to 12 m.; 1 to 4 p.m.; Saturdays, 9 a.m. to 12 M.; Fridays,
7 to 8 p.m., for deposits and payments.
STATEMENT OF CONDITION, OCTOBER,
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company J
bonds
Bank and trust company stocks
Liabilities
$741,633
440,517
59,950
35,000
19,012
.
Securities acquired for debts
Loans on real estate (less $450
....
trust
16
50
00
00
50
Deposits (4,287 accounts, averaae,
$719.18)
Christmas and other club deposits
.
Guaranty fund (4.98%
a.
310 00
of de-
....
posits)
73,700 00
23,500 00
$3,082,897 34
22,527 00
Surplus:
Profit and loss
Interest, rents, etc.,
b.
less
154,500 00
161,796 53
current
expenses
6,768 36
du
thereon)
Loans on personal security
Bank building (est. val, $40,000)
Due from banks and
1924
31
1,862,019 00
63,871 00
27,000 00
com
78.573 79
3,402 28
panies
Cash and cash items
Total Assets
Total Liabilities
$3,428,489 23
$3,428,489 23
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Salaries
Rent
Advertising
Other Expenses
$155.89
$2,013.20
.04
.59
paid for
$7,097.04
$2,156.61
2.07
Cost per $1,000 of assets
.63
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $176,696.88.
Amount
.
.
Rates on Investments and Loans (Average on
466
real estate loans,
All,
Total
$11,422.74
3.33
2.70
5.27%)
l
averaging $3,995.74 (average rate, 5.68%); b A%,
$1,195,041;
5%%,
$30,000;
6%,
$636,978.
SO personal loans, averaging $2,129.03 (average rate, 6%); 6%, $63,871.
Bonds, stocks, etc. (average rate on amount invested, 4.68%).
Number of loans not over $3,000 each, 302, amounting to $390,066.
21 real estate loans made during year, amounting to $129,500.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct., 1924,
Number
of deposits
Number
of
Net
2}4%
withdrawals during year, 3,273, amounting to (accounts closed 361)
increase in
*
Board
$65,943 67
66,772 81
480,829 13
2H%
during year, 4,060, amounting to (accounts opened 354)
amount due depositors (accounts decreased
of
Investment.
$613,545 61
533,112 12
$S0,433 49
7)
t
Auditing Committee.
—
P. D. 8, Part
165
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$125,000 U. S. Treas. Notes 4^s
640,000 United States 4^s
$10,000
10,000
10,000
20,000
10,000
10,000
10,000
20,000
30,000
10,000
10,000
10,000
10,000
30,000
10,000
10,000
10,000
Public Funds, Notes
$14,000
$20,000
28,000
10,000
25,000
20,000
10,000
20,000
15,000
10,000
10,000
10,000
10,000
10,000
10,000
20,000
10,000
Monson
4s
Railroad Bonds
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Lowell 4^s
Boston & Maine 4s
Boston & Maine 4^s
C,
C,
B.
B.
Q. 3^s
Q. 4s
&
&
Cleve.
&
&
4^s
St. P.
St. Paul 5s
Pitts. 4J^s
Chi., Mil.
Chi., Mil.
&
Central 4s
Mich. So. 3Ms
Louis, Cin. & Lex. 4Hs
Maine Central 4j/£s
Mich. Central 3>/£s
New London North. 4s
N. Y. C. & H. R. 33^s
N. Y. C. & H. R. 4s
Par Value
$35,000 Boston Terminal
N. Y., N. H. & H. 4s
Northern Pacific 5s
Norwich & Wore. 4s
Old Colony 4s
Old Colony 5Ms
Pennsylvania 4^s
Sioux City & Pac. 3^s
Gas, Electric and Water
Illinois
L. S.
&
$10,000
10,000
10,000
20,000
10,000
3^3
3^s
Telephone Company Bonds
$20,000 Am. Tel. & Tel. Co. 5s
Com-
pany Bonds
$10,000 N. B. G. & Ed. Lt. Co. 5s
40,000 N. Eng. Power Co. 5s
25,000 Turners Falls P. & El.
Co. 5s
So. Pacific 4s
&
U. N. J. R.R,
Co. 4s
Canal
West End
Bank Stocks
Shs.
100 First Nl. Bk., Boston
30 Merchants Nl. Bk., Boston
10 Nl. Shawmut Bk., Boston
25 City Nl. Bk., Holyoke
30 Monson Nl. Bk.
15 Palmer Nl. Bk.
25 Union Trust Co., Springf'd
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 6s
Eastern Mass. 4J^s
Eastern Mass. 6s
Conn. & Pass. Rivers 4s
Conn. River 4s
Delaware & Hudson 4s
Fitchburg 4s
Illinois Central
Boston Terminal Co. Bonds
Par Value
4s
NANTUCKET — NANTUCKET INSTITUTION FOR SAVINGS
Incorporated April
Henry Brown, President.
Josiah F. Murphey, Clerk
2,
1834.
Number
of corporators,
38
Lizzie S. Riddell, Treasurer.
Walter M. Burdick, Assistant Treasurer.
of the Corporation.
Board of Trustees: A. G. Brock, W. C. Brock, Henry Brown,* W. M. Burdick, W. F. Codd, Louis Coffin,
J. P. Conway, A. H. Cook,* William Holland, t J. A. Holmes, Jr.,* P. M. Hussey,*t A. Jones,
J. R. Killen, J. F. Murphey, B. E. Pease, G. C. Rule,* R. C. Small,* A. T. Winslow,* J. M. Winslow.f
Deposits draw interest from first Monday of January, April, July and October; dividends are payable
the second Monday of January and July.
Business hours: 9 a.m. to 1 p.m. from May 1 to November
1; 10 a.m. to 1 p.m. from November 1 to May 1.
STATEMENT OF CONDITION, OCTOBER
i
i
Asseta
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
'
,
Bank building
Real estate by
1924
Liabilities
$221,705
235,765
20,000
20,000
30,800
.
I
31,
.
(est. val, $15,000)
foreclosure, etc. (as.
10,215
1,233,843
161,786
19,931
80
If)
00
00
25
00
00
00
86
Deposits (2,836 accounts, average,
$656.87)
Surplus:
a.
Guaranty fund (3.89%
....
posits)
b. Profit and loss
Interest, rents, etc.,
expenses
$1,862,897 06
of de-
72.421 69
82,034 20
.....
less
current
35,392 59
4,003 70
sessed value, $6,710)
insurance, etc., paid on
mortgaged properties
Due from banks and trust com-
Taxes,
2S7 04
.
panies
93,204 85
Cash
....
Total Assets
1,202
sit
$2,052,745 54
Total Liabilities
$2,052,745 54
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$1,715.88
$3,519.01
$100.00
Cost per $ 1 ,000 of assets
.84
1.71
.05
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $104,639.11.
.
.
Board
of
Investment.
Advertising
$51.53
Other Expenses
$912.08
.03
t Auditing
.44
Committee.
Total
$6,298.50
3.07
2.18
—
P.
lGti
Rates on Investments and Loans (Average on
W£
All, 5.44'
D.
8,
Part
I.
)
(
5%
estate loans, averaging $2,457.85 (average rate, 5.91%);
$15,000; 5V2 %, $189,663; 6%,
$1,029,180.
41 personal loans, averaging $3,946 (average rate, 5.16%); 3%%, $20,000
4M%, $10,000; 4M%,
$30,000; 4H%, $10,000; 5%, $10,000; hW7o, $13,500; 6%, $68,286.
Bonds, stocks, etc. (average rate on amount invested, 4.46%).
Number of loans not over $3,000 each, 413, amounting to $545,585.
42 real estate loans made during year, amounting to $123,300.
rail
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan
1924,
July, 1924,
Number
of deposits
Number
of
Net
,
2^%
2^%
$39,252 82
41,549 13
452,817 16
during year, 3,569, amounting to (accounts opened 409)
$533,619 11
372,375 62
withdrawals during year, 2,646, amounting to (accounts closed 261)
increase in
amount due depositors (accounts increased
$161,243 49
148)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$55,000
15,000
75,000
10,000
3,000
10,000
5,000
5,000
5,000
15,000
5,000
10,000
5,000
5,000
U. S. Treas. Bonds
4^s
United States 4s
United States 4^s
Albany, N. Y., 4^s
Bay
City, Mich., 4s
Boston 4s
Cleveland, O., 4J4s
Jersev City, N. J., 4Hs
Newark, N. J., 4J^s
San. Fran., Cal., 4^s
Billerica 4s
Dedham
4s
Railroad Bonds
$10,000 Baltimore & Ohio 4s
10,000 Boston & Albany 4s
& Maine 4s
& Maine 4Hs
& Q. 3^s
& Q. 4s
22,000
5,000
10,000
7,000
10,000
17,000
18,000
10,000
10,000
C,
C,
10,000
10,000
5,000
5,000
20,000
30,000
1,000
10.000
10,000
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y. C. & H. R. 6s
N. Y., N. H. & H. 4s
Northern Pacific 6s
Pennsylvania 4^s
B.
10,000
B.
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Delaware & Hudson 4s
Illinois
Illinois
L. S.
Central Sy2 s
Central 4s
Mich. So. 4s
Minn.,
St. P.
&
M.
Wash., 4^s
Paul, Minn., 43^s
Seattle,
St.
Street Railway Bonds
Par Value
$10,000 Boston Elevated 4J^s
Par Value
$5,000 Boston
10,000 Boston
&
West End
7s
Boston Terminal Co. Bonds
$20,000 Boston Terminal
3^s
S. Ste.
Telephone Company Bonds
$33,000 Am. Tel. & Tel. Co. 4s
4s
Bank Stocks
Shs.
15 Eliot Nl. Bk., Boston, in liq.
40 Nl. Shawmut Bk., Boston
22 Pacific Nl. Bk., Nantucket
Upper Coos 4s
Upper Coos 4J/£s
Union Pacific 5s
NATICK — NATICK FIVE CENTS SAVINGS BANK
Incorporated April
Henry C. Mulligan,
5,
1859.
Number
of corporators, 34
C. Arthur Dowse, Trtasurer.
President.
Henry G.
Fiske, Clerk of the Corporation
Board of Trustees: W. R. Bigelow, W. H. Colby,* C. A. Coombs, C. A. Dowse, C. A. Eldridge.t W. L.
Felch, H. G. Fiske.f F. H. Haves,* J. B. Leamv,* H. C. Mulligan,* C. A. Pooke,* J. H. Pratt, W. B.
Robinson,* T. F. Russell, t J. W. Walcott, F. E. Yeager.
Deposits draw interest from first day of each month; dividends are payable the second Tuesday of May
and November. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; 7 to 9 p.m., for
deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $14,025
.
...
due thereon)
Loans on personal security
$1,623,470
483,037
105,000
23,256
102,748
23,200
1,950
80
50
00
25
75
00
00
3,888,266 00
106,526 85
50,000 00
Bank building {est. val., 875,000)
Due from banks and trust com
Deposits ( 13,045 accounts, average,
$5,870,891 64
U50,05)
Surplus:
a.
Guaranty fund (5.00%
of de-
293,544 00
299,912 97
446 25
125.656 15
635 06
posits)
b. Profit and loss
Discount unearned
Reserved for dividends
Other liabilities
.
.
.
172,246 43
11,383 49
panies
Cash and cash items
Total Assets
Board
1924
Liabilities
.
*
31,
.
of
Investment.
$6,591,086 07
Total Liabilities
t
$6,591,086 07
Auditing Committee.
P. D.
8,
Part
167
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
$196 78
.
.03
.
.
Total
Other Expenses
$21,479.26
$3,894.72
3.34
59
2.84
Advertising
$14,607.45 $2,000.00
paid for
$1,295.31
2 22
.20
30
Cost per $1,000 of assets
tax and rent
assets
not
including
State
per
of
Cost
$1,000
Gross income received during the year, $295,624.91.
Rates on Investments and Loans (Average on
1,280 real estate loans, averaging $3,037.70 (average rate, 5.01%);
$22 705.
120 personal loans, averaging $887.72 (average rate, 4.63%);
5%,
3%,
All,
4.83%)
$3,802,071;
$25,000;
4>3%,
5V2 %,
$63,490;
$47,357;
6%,
5%, $200;
6%,
$33,970.
(average rate on amount invested 4.55%).
not over $3,000 each, 959, amounting to $1,357,332.85.
212 real estate loans made during year, amounting to $857,690.
Bonds,
stocks, etc.
of loans
Number
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
Number
of deposits during year,
of
1924,
2%
2%
$107,017
109,751
13,339
13,679
1,167,823
M%
May, 1924, %%
14,834, amounting to (accounts opened 806)
Extra dividends declared during year
.
Nov., 1923,
in
amount due depositors (accounts decreased
10
11
$1,411,610 47
1,146,097 20
withdrawals during year, 9,687, amounting to (accounts closed 845)
Net increase
26
06
94
$265,513 27
39)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$100,000 U. S. Treas. Notes
295,300 U. S. Treas. Notes
887,700 United States 4J4s
26,000
6,000
3,000
10,500
11,000
60,000
22,000
14,500
5,000
Public Funds, Notes
Par Value
4Hs
4%s
$1,000
48,300
31,500
13,600
15,800
19,000
Adams 4^s
Adams 4^s
Chicopee 4s
East Bridgewater 4s
Fall River 4s
Fall River 4Ks
Par Value
$35,000 N. Y. C. & H. R. 4s
50,000 N. Y., N. H. & H. 4s
10,000 No. Maine Seaport 5s
38,000 Old Colony 4s
10,000 Pennsvlvania 4^s
8,000 Pitts., Va. & Char. 4s
10,000 Wore, Nash. & Roch. 4s
Athol 4s
Natick 4s
Natick 4^s
Natick 4^s
Natick 4%s
Natick 5s
1,000 Reading 4s
23,000
Gloucester 4s
Lowell 4s
Medford 4s
Railroad Bonds
Baltimore & Ohio 4J4s
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
Boston & Maine 6s
$20,000
5,000
13,000
10,000
92,000
11,500
34,000
10,000
10,000
3,000
35,000
15,000
47,000
10,000
10,000
10,000
10,000
15,000
1,000 New Bedford 4s
7,000 Salem 4s
1,000 Great Barrington 4s
3,000 Hadley 4s
500 Holbrook 4s
2,000 Lexington 4^s
2,500 Medway 4s
2,000 Methuen 4s
1,000 Natick, 4s
1,500 Reading 4s
1,500 So. Hadlev 4s
2,000 Sudburv 4s
2,000 Swampscott 4s
24,000 Welleslev 4s
1,000 Wrentham 4s
C,
&
B.
&
&
St. Paul 4s
St. P.
4^s
& Northwestern 5s
& Northwestern 6s
Dex. & Piscataquis 4s
Chi.
Chi.
Fitchburg 4s
Illinois Central 4s
Lake Sh. & Mich. So. 4s
Louis. & Nash. 6s
Maine Central 4J^s
Minn., St. P. & S. Ste.
5s
NEW BEDFORD — NEW BEDFORD
Incorporated April 14, 1855.
$40,000
16,000
5,000
25,000
25,000
West End 4^9
West End 5s
Boston Terminal Co. Bonds
$25,000 Boston Terminal
Q. 4s
Chi., Mil.
Chi., Mil.
M.
Jireh Swift, Jr., President.
George H. H. Allen, Clerk of the Corporation.
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Lvnn & Boston 6s
Wayland 4J^s
Bank Stocks
Shs.
80 First Nl. Bk., Boston
10 Second Nl. Bk., Boston
5 Web. & At. Nl. Bk., Boston
17 Framingham Nl. Bk.
120 Natick Trust Company
FIVE CENTS SAVINGS
Number
3^8
Telephone Company Bonds
$113,000 Am. Tel. & Tel. Co. 4s
BANK
of corporators, 127
William F. Turner, Treasurer.
Arthur W. Austin, Assistant Treasurer.
Board of Trustees: G. H. H. Allen, J. W. Allen, Benjamin Baker,* W. H. Bassett, R. L. Bavlies, O. F.
Brown, G. R. Cherry, J. H. Clifford, W. O. Devoll,* H. H. Dixon, J. A. Frasier, F. H. Gifford, A. M.
Goodspeed, J. H. Herring,* H. W. Hervey, F. W. Hobbs, Jr., C. M. Hussey, H. S. Knowles, L. C.
Lapham, P. M. Lund,* A. G. Pierce, Jr.,* A. R. Pierce, O. N. Pierce,* Joseph Poisson, William Ritchie,
W. A. Robinson, Jr., J. C. Shaw, Jr., W. H. Snow, J. V. Spare, J. E. Stanton, Jr., Jireh Swift, Jr.,*t
Frederic Taber, H. W. Taber, A. L. Tucker,* James Thomson, J. W. Webster.f W. R. West,*
E. A. Wheaton.t
Deposits draw interest from the
day of April and October.
*
Board
of
business day of each month; dividends are payable the third WednesBusiness hours: 9 a.m. to 3 p.m.; also Saturdays, 9 a.m. to 4 p.m.
first
Investment.
t
Auditing Committee.
—
168
P.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$4,278,5f>s
224,468 75
324,782 75
Securities acquired for debts
Loans on real estate (less $55,046
due thereon)
Loans on personal security
Bank
building (est. vol., $210,000)
Taxes, insurance, etc., paid on
mortgaged properties
Part
8,
....
....
....
81,000 00
131,000 00
.
D.
1,000 00
9,302,271 70
2,009,416 00
61,735 24
I.
1924
Liabilities
Deposits (39,441 accounts, average,
$424-86)
$16,756,724
Surplus:
a. Guaranty fund (5.11% of deposits)
855.760
b. Profit and loss
859,860
Interest, etc., less current expenses
77,037
Discount unearned
19,733
Other liabilities
28
15
1,609,607 50
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
31,
79
00
12
37
48
45
54 64
100 00
.
Other assets
Due from banks and trust com-
509,450 42
35,689 06
panies
Cash and cash items
Total Assets
Total Liabilities
$18,569,144 21
$18,569,144 21
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Other Expenses
Total
$11,465.80
$81,432.51
.62
4.38
3.02
Advertising
paid for
$19,766.39
$43,501.88 $5,500.00
Cost per $1,000 of assets
1.06
2.34
.30
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $1,031,702.02.
.
$1,198.44
.06
.
Rates on Investments and Loans (Average on
All,
5.51%)
2,621 real estate loans, averaging $3,549.13 (average rate, 6%): 6%. $9,302,272.
205 personal loans, averaging $9,802.03 (average rate, 4.88%); \ X
$595,000;
$707,500; 5M%, $306,496; 5^%, $105,420.
Bonds, stocks, etc. (average rate on amount invested 5.01%).
Number of loans not over $3,000 each, 1,598, amounting to $2,892,214.70.
363 real estate loans made during year, amounting to $1,290,925.
A%,
iU%,
$295,000;
5%,
Dividends, Deposits and Withdrawals
x
Ordinary dividends declared during year: April, 1924, 2 /i%
Oct., 1924,
Number
of deposits during year, 66,565,
Number
of
$361,073 03
360,933 03
4,458,691 79
2^%
amounting to (accounts opened 3,098)
$5,180,697 85
5,235,457 90
withdrawals during year, 41,384. amounting to (accounts closed 4,766)
Net increase
in
amount due
$54,760 05
depositors (accounts decreased 1,668)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 U. S. Treas. Notes 4J^s
50,000 U. S. Treas. Notes 4%s
150,000 U. S. Treas. Notes 4j^s
830,000 U. S. Treas. Notes 4%s
2,738,700 United States 4Ms
50,000 Boston 4s
10,000 Boston 4j£s
22,000 Brockton 4^s
50,000
25,000
20,000
136,000
75,000
20,000
50,000
4,000
Cleveland, O., 5s
Lvnn
4s
New
New
Bedford 4s
Bedford 4^s
Oakland, Cal., 5H*
San Francisco,
Springfield
Cal., 5s
4^s
Dartmouth (F.D.)5J/£s
Public Funds, Notes
$5,000
3,000
12,000
30,000
Dartmouth 4s
Dartmouth 4^s
Dartmouth 5s
Dartmouth 6s
Railroad Bonds
$50,000 Atch., Top. & S Fe 4s
25,000 Baltimore & Ohio 4s
25,000 Baltimore & Ohio 4J^s
25,000 Boston & Albany 3K>s
50,000 Boston & Albany 4^3
Par Value
$50,000 Boston
50,000 Boston
75,000 Boston
& Albany 5s
& Maine 4s
& Maine 4^s
C, B. & Q. 4s
Chi., Mil. & St. P. 4^s
Chi., Mil. & St. Paul 5s
Chi. & Northwestern 5s
Cleve. Short Line 4^s
66,000
75,000
65,000
50,000
25,000
•
50,000 Fitchburg 4s
25,000 Fitchburg 4^s
39,000 Gouverneur & Oswe. 5s
1,000 Illinois Central 3^s
140,000 Illinois Central 4s
50,000 Louis. & Nash. 4s
53,000 Louis. & Nash. 5s
25,000 Louis. & Nash. 6a
75,000 Maine Central 4^s
50,000 Mich. Cent.- Jol. & No.
Ind. 4s
100,000 Minn., St. P. & S. Ste.
M.
50,000
75,000
25,000
75,000
15,000
25,000
130,000
165,000
50,000
50,000
Is
New England 4s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
Norfolk & Western 6s
No. Maine Seaport 5s
Old Colony 4s
Pennsylvania 4^s
Portland Terminal 4s
Providence Terminal 4s
Par Value
$25,000 Port. & Ogdens. 4^s
80,000 Wil. & Sioux Falls 5s
Street Railway Bonds
Boston Elevated 4J/oS
Boston Elevated 5s
$75,000
100,000
25,000
50,000
25,000
25,000
Holyoke
5s
West End 4s
West End 5s
Wor. & Black.
Val.
4V2 s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$361,000
Gas, Electric and Water
Com-
pany Bonds
$43,000 N. B. Gas
& Ed.
Lt. Co.
6s
38,000 Lawrence Gas Co. 7s
Shs.
115
150
134
50
93
568
200
Bank Stocks
Merchants Nl. Bk.. Boston
Nl. Shawmut Bk., Boston
Metacomet Nl. Bk.,Fa!l River
Franklin Nl. Bk.
First Nl. Bk., New Bedford
Merch. Nl. Bk., New Bedford
Third Nl. Bk., Springfield
—
D.
P.
8,
Part
I.
169
NEW BEDFORD — NEW BEDFORD INSTITUTION FOR SAVINGS
BRANCH OFFICES-1601 ACUSHNET AVENUE AND
Incorporated June 16, 1825.
Number
Oliver Prescott, President.
Henry S. Hutchinson, Clerk of the Corporation.
B0
%rLi
e
Elmer A. McGowan, Treasurer.
m
V
J E N
C -KW?ng?jtE dm und Wo
9
,
.
.
.
_
Assi * ( <™t Treasurers.
tJT
» ^^
'
aT £? n^ ^V""^ m
"m^
9
9 a
-
^
'
'
H
"
'
$6,974,887
4,262,393
284,230
80,000
476,156
'
-
m
-
-
31,
^
'
1924
19
Deposits (47,964 accounts, averaae,
64
00
00
25
Christmas and other club deposits
8553.70)
$26,557,539 34
156,285 00
de-
1,336,996
1,108,370
248,844
10,587
1,108
Profit and loss
Interest, less current expenses
b.
.
Discount unearned
Other liabilities
12,640,932 44
3,084,370 73
290,000 00
439,590 81
74,397 88
....
Guaranty fund (5.00% of
o.
posits)
panies
.
Surplus:
303,512 50
509,261 00
Cash and cash items
.
60
75
43
62
70
|
$29,419,732 44
Total Liabilities
$29,419,732 44
Total Expenses for the Year, including State Taxes
State
(Cost per
lOross income
Tax
(Net)
^IH
Cos^^of
$1,000
Salaries
™'«»2%
^
Rent
Advertising
'"g?
assets
of assets not including State tax and rent
received during the year, $1,612,638.42.
59
r
Other Expenses
***'%
'
Rates on Investments and Loans (Average on
'°
All,
lonas stocks,
etc.
Sltff
Total
^l^
«^.000.T1
on?
5.37%)
anS aVeraging $4 13237 (average rate, 5.77%):
5%, $2,428,439;
^J2S7 2l9
-
'
5^%,
$965,275;
6%,
(average rate on amount invested, 5.08%)
° V r S 3 000 each 2 170 amounting to
$3,874,830.85.
^ during
made
year, amounting to $2,251,990.
I10t
an real estate loans
'
'
'
'
1
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April,
1924,
dumber
dumber
of deposits
of
during year, 87,617, amo^nting^o
2%%
.
'
^c^unts opened
9,001)
withdrawals during year, 47,378, amounting to (accounts
closed 4,524)
Net increase
in
Board
amount due
depositors (accounts increased 4,477)
of Investment.
"
^tt
Liabilities
Bank building (est. vol., 8290,000)
Due from banks and trust com
Total Assets
^*
"
divide * ds are P^'able April 10 and October 10.
t0 4 P
Branch offi 3 9 "»•
3 p.m.;
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water compam
bonds
Bank and trust company stocks
Loans on real estate (less $103,100
due thereon)
Loans on personal securitv
"
'
W
H
-
re
SaTuX*
/
DW.
-
W^lT
Bu^n^s\ours
1
Anthony,
Baker,*f G. H. Batchelor, E. W. Bourne, E. S.
0, ^njamin Cummings A. D. Delano, C. O.
Dexter, John Duff;*
J? 'tL. Humphrey, Jr., H. S. Hutchinson, C. S. Kelley
T
A Millik n E T- Pierce,* W. F. Potter, Oliver Prescott* GKennev
Reynolds
i,
|
l
1
Stant ° n F
Taber
L Tiffa
E S
e
F
R Fish'
i-ishUM
C
HoL™
*. it.
Holmes,
DeP
of corporat ors, 141
Philip E. Macv,
^luhp
Macy
William E. James,
U
TBrrJn^r
% B^ ^
M
r
RODNEY FRENCH BOULEVARD
10
$561,835 91
567,000 00
6,741,320 54
$7,870,156 45
7,271,167 28
$598,989 17
t Auditing
Committee.
!
D.
P.
170
Part
8,
I
SCHEDULE OF SECURITIES OWNED
Ra
Public Funds, Bonds
Par Value
%\ 939,000 U.S.Treas. Bonds 4^8
3,351,550 United States 4^s
199,000 Boston 4s
6,500 Cambridge 4^s
50,000 Davton, O., 5s
10,000 Everett 4j^s
12,000 Holyoke 4s
50,000 Lawrence 4s
50,000 Los Angeles, Cal., 4 2 s
50,000 Los Angeles, Cal., os
x
25,000 New Bedford 3 As
274,000 New Bedford 4s
50,000 New Bedford 4^8
30,000 Revere 4^s
l
100,000 Seattle, Wash., i As
4,000 Somerville 4s
80,000 Springfield 4s
25,000 Fairhaven 4s
26,000 Marion 4}/£s
25,000 Pepperell 4s
2,100 Plainville 4s
2,000 Winthrop 3%s
V
Public Funds, Notes
Acushnet
5%s
Dartmouth 4.20%
Fairhaven 4s
Fairhaven 4 20%
Fairhaven 4^s
Fairhaven 4^s
650 Fairhaven 4%s
24,000 Fairhaven 5Ms
25,550 Fairhaven 53^s
7,000 Fairhaven 5%s
9,450 Fairhaven 6s
1,000 Gosnold 4^s
18,000 Mattapoisett 4s
46,700 Mattapoisett 4}4s
4,234 Mattapoisett 5^s
1,160 Mattapoisett 5^9
M.
Tisbury 5^9
Westport 4s
Westport 4^s
l
Westport o A*
Westport 5^s
Acushnet (F.&W.D.)4s
Acush.(F.&W.D.)4Ms
500 Dartmouth
4^9
Dartmouth (F.D.)4i4s
10,500
NEWBURYPORT
&
Little, President.
&
&
&
,
Southern Pacific 4s
Union Pacific 5s
Washington Co. 3J^s
Holyoke
5s
4s
West End
Boston Terminal Co. Bond*
$80,000 Boston Terminal
3M»
Telephone Company Bonds
$330,000 Am. Tel. & Tel. Co. 5»
150,000 N. E. Tel.
& Tel. Co. 5s
Com-
Gas, Electric and Water
pany Bonds
$50,000 Lawrence Gas Co. 7s
75,000 N. B. Gas & Ed. Lt.
Co. 6Hs
100,000 N. B., Gas & Ed. Lt.
Co. 7s
80.000 N. E. Power Co. 5s
Bank Stocks
Shs.
.
..
90 Eliot Nl.Bk., Boston, in hq.
510 First Nl. Bk., Boston
230 Merchants Nl. Bk., Boston
1,000 Nl. Shawmut Bk., Boston
130 Nl. Union Bk., Boston
564 Second Nl. Bk., Boston
60 Web. & At. NL Bk., Boston
22 Nl. Bk. of Fairhaven
200 Fall River Nl. Bk^
250 Metacomet Nl. Bk., tall
River
756 First Nl. Bk., New Bedford
1,096 Mer. Nl. Bk., New Bedford
400 Third Nl. Bk., Springfield
Ohio 6s
INSTITUTION FOR SAVINGS IN NEWBURYPORT
AND ITS VICINITY
^^ ^^ ^
Board of Trustees: William Balch R.
H^f
&
L. C. 5s
St. J.
Nw. 5s
St. Louis, P.
Man. 4s
St. P., M.
Man. 6s
M.
St. P
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^8
Eastern Mass. 4>^s
$84,000
50,000
75,000
25,000
175,000
26,000 Montana Central 5s
225,000 New England 4s
50,000 N. Y. C. &H. R. SV2S
16,000 N Y. C. & H. R. 4s
175.000 N. Y. C. & H. R. 5s
370,000 N. Y., N. H. &H. 4s
50,000 Norfolk & Western 6s
300,000 No. Pacific 6s
25,000 Old Colony 33^s
50,000 Old Colony 5^s
100,000 Pennsylvania 4^s
100,000 Pennsylvania 5s
20,000 Sioux City & Pac. 3^s
Incorporated January 31, 1820.
Henry B.
$30,000
20,000
24,242
45,000
50,000
50,000
90.000
5s
50,000 Mobile
15,000 Norwood 4.10%
1,000 Tisbury 4.60%
500
4,000
53,600
8,000
5,000
20,000
58,600
Par Value
Bonds
75,000 Chi., Mil. & St. P. 4s
50,000 Chi., Mil. & St. P. 4^8
25,000 Chi., Mil. & St. P. 5s
78,000 Chi. & Northwest. 4s
50,000 Chi. & Northwest. 5s
31,000 Chi., St. P., M.& 0.6s
25,000 Cleve. Short Line4^s
150,000 Delaware & Hudson 4s
50,000 Erie & Pittsburgh 3}^s
275,000 Fitchburg 4s
25,000 Fitchburg 4^3
25,000 Great Northern 4%s
100,000 Illinois Central 3s
150,000 Illinois Central 3}^s
125,000 Illinois Central 4s
40,000 L. S. & Mich. So. 4s
50,000 Louis. & Nash. 4s
50,000 Louis. & Nash. 5s
50,000 Louis. & Nash. 6s
91,000 Maine Central 4^8
58,000 Mich. Cent.-Mich. Air
Line 4s
100,000 Mich. Cent.-J. & N.
Ind. 4s
50,000 Minn., St. P.&S. Ste.
M. 4s
50,000 Minn., St. P & S. Ste.
$18,750 Acushnet 4%s
17,900 Acushnet 4.90%
29,798 Acushnet 5^s
2,000
40,000
110,350
50,000
61,680
102,765
lroad
Par Value
$50,000 Atch. Top. & S. F6 4s
25,000 Baltimore & Onio 4s
50,000 Boston & Albany 3Ms
170,000 Boston & Albany 4s
100,000 Boston & Albany 5s
37,000 Boston & Lowell 4s
59,000 Boston & Lowell 5s
200,000 Boston & Maine 4s
36,000 Boston & Maine 6s
100,000 Boston & Maine 7s
200,000 C..B. &Q- sy2 s
141,000 C, B. & Q. 4s
p
S.
Number
qJ
grown t RE
ilti^^A. Philbrick, Norman Russell.
^
of corporators,
85
William Balch, Treasurer
Corporation
Burke. L-
B
^
^^X^^nT^A
H
R T
Noye9 -*
-
-
Noyes
-
-
s
-
John Osgood.f G.
to 12
m.
*Board
__
of
Investment.
Committee.
t Auditing
—
P. D. 8, Part
171
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $5,100
due thereon)
Loans on personal security
....
Bank
building (est. val., $35,000)
Real estate bv foreclosure, etc. (as
sessed value, $17,600)
.
Due from banks and
trust
1924
31,
$3,567,453 07
3,246,703 00
186,000 00
Deposits (12,712 accounts, average,
$788.89)
a.
164,750 00
266,721 00
$9,392,833 25
Surplus:
Guaranty fund (5.00%
posits)
b. Profit and loss
Discount unearned
1,412,371 50
1,200,487 25
16,400 00
of de-
....
....
470,000 00
291,324 68
3,324 48
00
1
com
92,191 76
4,403 83
panies
Cash and cash items
Total Assets
Total Liabilities
$10,157,482 41
$10,157,482 41
Total Expenses for the Year, including State Taxes
Tax (Net)
Salaries
Rent
paid for
$23,546.84
$18,066.54
Cost per $1 ,000 of assets
2.31
1 78
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $526,826.75.
State
Amount
.
.
Advertising
Other Expenses
$466.71
$2,961.96
.05
.29
.
Rates on Investments and Loans (Average on
All,
Total
$45,042.05
4.43
2.12
5.18%)
651 real estate loans, averaging $2,169.54 (average rate, 5.91%); 5%, $5,000; 5M%, $227,000: 6%,
$1,180,372.
181 personal loans, averaging $9,164.02 (average rate, 5.07%); 4M%. $3,000; 4^%, $209,000; 4%%,
$22,000; 4.80%, $10,000; 5%, $338,675; 5)4%, $483,342; 5^%, $118,870; 6%, $15,600.
Bonds, stocks, etc. (average rate on amount invested, 5.06%).
Number of loans not over $3,000 each, 638, amounting to $702,371.25.
109 real estate loans made during year, amounting to $213,210.78.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct., 1924,
Number
of deposits
Number
of
2)4%
$199,916 47
225,382.82
2V2 %
during year, 12,457, amounting to (accounts opened 875)
.
withdrawals during year, 9,875, amounting to (accounts closed 1,044)
Net increase
in
amount due depositors (accounts decreased
169)
.
1,218,710 63
$1,644,009 92
1,343,278 82
$300,731 10
172
P.
D.
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$15,000
622,000
50,000
1,505,350
162,000
30,000
49,000
9,000
250
3,000
8,600
3,000
8,000
2,000
170,000
61,000
78,000
45,000
78,000
8,000
22,000
45,000
5,250
71,000
3,000
6,000
5,000
8,000
17,500
5,000
20,000
10,000
3,000
11.000
Par Value
U. S. Treaa. Certs. 43^s
U. S. Treas. Bonds 4^3
U. S. Treas. Notes 4%s
United States 4^s
Boston 4s
Boston 4^s
Brockton 4s
Brockton 4^s
Cambridge 3^s
Cambridge 4s
Canton, O., 5s
Cleveland, O., 6s
Dayton, O. 5s
Everett 4s
Fall River 4s
Hamilton, O., 6s
Hammond,
Ind., 6s
O., 6s
Lakewood,
Lawrence 4s
Leominster 5s
Lorain, O., 5s
Lorain, O., 6s
Lowell 4s
Maiden 4^s
Somerville 4s
Youngstown, O., 6s
Eden, Me., 4s
Russell 4s
Wilmington 43^s
Dracut (W. D.) 4s
Ken., Me. (W. D.), 3V2
Montague (W. D.) 5s
S. Hadlev (F. D.) 4s
Unionville (F. and
W.
D.) 4s
Public Funds, Notes
$105,000 Newburvport 4s
6,000 Newburvport 4^3
6,000 Newburvport 4.80%
3,000 Newburvport 4.85%
3.0Q0 Newburyport 5}^s
20,000 Newburvport 6s
12,000 Northampton 434s
32,000 Quincy 4Ms
49,000 Revere 4s
6,500 Revere 5^s
4,000 Auburn 4}£s
4,000 Blackstone 5s
12,000 Georgetown 4>^s
$5,000
4,000
13,000
8,000
50,000
4,000
5,000
20,350
16,200
3,500
14,500
5,000
5,000
12,500
6,000
15,000
6,000
11,000
12,000
9,000
15,000
2,500
Par Value
$40,000 M. C.-E. & N. A. 4s
50,000 Mich. Central 4s
83,000 Minn. St. P. & S. Ste.
M. 4s
17,000 Minn., St. P. & S. Ste.
Hull 4s
Ipswich 434s
Medford 4s
Merrimac 4%s
Mcthuen 4s
Newbury 3.75%
Newbury 3.80%
M.
Rowlev 4%s
Seekonk 4%s
So. Hadley 4s
Uxbridge 4s
Watertown 4s
Whatelv 53^s
W. Newbury 4^s
West Newbury 4^s
Westport 4s
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4J^s
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4^s
Boston & Maine 6s
$30,000
85,000
60,000
50,000
60,000
55,000
34,000
345,000
34,000
30,000
S0.000
15,000
114,000
75,000
179,000
20,000
130,000
50,000
50,000
20,000
100,000
83,000
45,000
100,000
88,000
125,000
25,000
50,000
65,000
25,000
75,000
233,000
100,000
125,000
25,000
25,000
100,000
205,000
25,000
25,000
10,000
23,000
10,000
100,000
25,000
20,000
Newbury 4s
Newbury 4^s
Newbury 4^s
Norwood 4 Ms
Rowley 4s
Rowley 4^s
Chi., Mil.
Chi., Mil.
Chi., Mil.
& Northwestern 4s
& Northwestern 5s
& Northwestern 6s
Dex. & Piscataquis 4s
Illinois
L. S.
&
Louis.
Louis.
Louis.
& Mo.
'
Maine
Maine Central
NEWBURYPORT — NEWBURYPORT
Incorporated April 24, 1854.
4s
Com-
Bank Stocks
Shs.
150 Atlantic Nl. Bk., Boston
750 First Nl. Bk., Boston
200 Merchants Nl. Bk., Boston
275 NL.Shawmut Bk., Boston
208 Nl. Union Bk., Boston
520 Second Nl. Bk., Boston
225 Web. & At. Nl. Bk., Boston
20 Gloucester Nl. Bk.
158 First Nl. Bk., Newb'yp't
(Hq.)
1,226 Mer. Nl. Bk., NewVp't
112 First and Ocean Nl. Bk.,
18
Newburvport
Warren Nl. Bk., Peabody
FIVE CENTS SAVINGS
of corporators,
George W. Richardson, President.
J.
Upper Coos 4s
Wore, Nash. & Roch.
pany Bonds
5s
Number
5s
$25,000 Newb'yp't Gas & El.
Co. 5s
150,000 N. E. Power Co. 5s
Val. 6s
Central 4s
Mich. So. 4s
& Nash. 4^s
& Nash. 5s
& Nash. 6s
Central 4^s
& Wash.
& Ogdens. 4Hs
Portland Terminal 4s
Portland Terminal 5s
Ports., Gt. F. & C. 4^3
So. Pacific 4s
Port.
Gas. Electric and Water
Fitchburg 4s
Fitchburg 4^s
Fitchburg 5s
Fre., Elk.
Phil. Bait.
Telephone Company Bonds
$1S6,000 Am. Tel. & Tel. Co. 5s
& St. P. 4s
& St. P. 4^s
& St. Paul 5s
Chi.
Chi.
Chi.
5s
Mobile & Ohio 6s
N. Y. C. & H. R. 4s
N. Y.C.&H.R.4J4
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
No. Pacific 5s
No. Pacific 6s
Norw. & Wore. 4s
Old Colony 4s
Old Colony 5Ms
Pennsvlvania 4^s
BANK
73
John T. Lunt,
Treasurer.
Willis Currier, Clerk of the Corporation
H. Balch, Jr.,* A. M. Brewster, f Michael Cashman, J. F. Carens.f Erskine Clement,
W. G. Dodge, t Ernest Foss, C. W. Goodwin, E. A. Hale, C. F. A. Hall, Laurence
F. Houston, William Ilslev,* W. R. Johnson,* W. A. Kinsman, G. A. Learned, J. B.
Lunt, J. T. Lunt, A. C. Nason, G. E. Noyes, G. W. Richardson, W. F. Runnells.f H. B. Trask.*
Board
of Trustees: J.
C. L. Davis.f
Hayward, W.
Deposits draw interest from first day of each month; dividends are payable tin' first Monday of May and
November. Business hours: 8.30 a.m. to 2 p.m.; Saturdays, 8.30 a.m. to 12 m.. and 7.30 to 9 p.m. for
deposits only.
Closed Saturday evenings during July, August and September.
*
Board
of
Investment.
t Auditing
Committee
—
P.
D.
8,
Part
173
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $2,150
due thereon)
Loans on personal security
$518.70)
Christmas and other club deposits
Guaranty fund
a.
....
$4,319,236 71
75,865 50
.
Surplus:
48,375 00
72,251 00
posits)
(5%
of de-
219,755
191,646
167
103,652
3,024
.
and loss
Discount unearned
Reserved for dividends
Other liabilities
Profit
b.
1,882,270 00
677,549 92
30,000 00
building (est. val., $75,000)
Taxes, insurance, etc., paid on
mortgaged properties
.
00
77
52
38
87
88 62
.
trust
Deposits (8,327 accounts, average,
68
50
00
00
$1,295,501
573,162
116,600
87,780
Bank
Due from banks and
1924
com
123,563 86
6,206 17
panies
Cash
Total Assets
.
Total Liabilities
$4,913,348 75
$4,913,348 75
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$11,405.86 $1,200.00
$6,135.82
paid for
2.32
.24
1.25
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $255,090.23.
.
.
Other Expenses
$286.85
$3,823.97
.06
.78
Total
$22,852.50
4.65
3.
Rates on Investments and Loans (Average on
All,
Id
5.33%)
511 real estate loans, averaging $3,683.50 (average rate, 5.92%); 5J£%. $14,000; 5^%, $273,150; 6%.
$1,595,120.
124 personal loans, averaging $5,464.11 (average rate, 4.79%); 3%, $25,000; 4J4%. $33,500; 4^%,
$151,500; 4M%, $94,265; 4^%, $10,000; 4.80%, $15,000; 5%, $203,255; 5^%, $35,000; 5H%,
l
24,455; 6%, $75.
$85,500; 5 A%,
Bonds, stocks, etc. (average rate on amount invested 4.99%).
Number of loans not over $3,000 each, 402, amounting to $437,819.92.
109 real estate loans made during year, amounting to $376,525.
Dividends, Deposits and Withdrawals
2}4%
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits
Number
of
Net
$98,827 68
91,904 38
724,722 73
2H%
1924,
during year, 13,747, amounting to (accounts opened 936)
$915,454 79
738,553 05
withdrawals during year, 8,157, amounting to (accounts closed 882)
increase in
amount due depositors (accounts increased
$176,901 74
54)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 U. S. Treas. Bond« 4Ms
75,000 U. S. Treas. Notes 4^s
93,500 U. S. Treas. Notes 4%s
15,000
990,850
25,000
25,000
30,000
15,000
5,000
U. S. Savings Certs. 5s
United States 4Ms
Boston 4s
Chelsea 3^s
Fall River 4^s
Lawrence 4s
Racine, Wis., 6s
Public Funds, Notes
$7,500 Newburyport 5.10%
6,400
15,000
Rowley 4s
Newbury 4Ms
Railroad Bonds
$20,000 Baltimore & Ohio 4s
10,000 Baltimore & Ohio 5s
15,000 Boston & Albany 33^s
55,000 Boston & Albany 4s
15,000 Boston & Albany 5s
25,000 Boston & Maine 4s
35,000 Boston & Maine 4^s
Par Value
Par Value
$40,000
10,000
57,000
10,000
15,000
10,000
35,000
10,000
25,000
30,000
20,000
20,000
10,000
10,000
35,000
50,000
35,000
10,000
10,000
10,000
10,000
10,000
12,000
C,
B.
&
Q. 4s
Chi., Mil.
&
St. P.
4^s
&
Northwestern 4s
Conn. River 4s
Fitchburg 4s
Fitchburg 5s
Chi.
Illinois
Illinois
Louis.
Central 3s
Central 4s
&
$10,000
11,400
10,000
10,000
25,000
Eastern Mass. 4^s
Eastern Mass. 6s
West End 4s
West End 6s
West End 6Ms
Telephone Company Bonds
$80,000 Am. Tel. & Tel. Co. 5s
8,000 N. E. Tel. & Tel. Co. 5s
Nash. 5s
Maine Central 4>4s
St. P. & S. Ste. M. 4s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 33^s
N. Y., N. H. & H. 4s
No. Pacific 6s
Old Colony 4s
M.
Old Colony
Gas, Electric and Water
5Ks
Pennsylvania 43^s
Portland Terminal 4s
Upper Coos 4s
Upper Coos 4^s
Wore, Nash., & R.
4s
Street Railway Bonds
$25,000 Boston Elevated 4s
45,000 Boston Elevated 4^8
Com-
pany Bonds
$50,000 N. E. Power Co. 5s
Bank Stocks
Shs.
264 First Nl. Bk., Boston
52 Atlantic Nl. Bk., Boston
300 Nl. Shawmut Bk., Boston
24 Nl. Union Bk., Boston
38 Web. & At. Nl. Bk., Boston
56 First Nl. Bk., Newb'vp't (liq)
89 First & Ocean Nl. Bk., New-
buryport
—
P. D. 8, Part
174
I.
NEWTON — NEWTON SAVINGS BANK
Number
[ncorporated June 17, 1831.
William
George
of corporators, 27
Charles H. Clark, Treasurer.
Dana D. Holbrook, Vice Treasurer
Bacon, I'resident.
Martin, Clerk of the Corporation.
F.
J.
H. E. Bothfeld,* F. J. Driseoll, Bernard Early * Eugene
of Trustees: W. F. Bacon,* W. H. Barker,*
Fanning.t O. M. Fisher, J. W. French, C. F. Jones,* G. J. Martin.f T. W. Proctor, Herbert Stebbins.f
F. W. Stone, G. E. Stuart, G. M. Winslow.
Board
January 10 and July
Deposits draw interest from tenth day of each month; dividends are payable
Business hours: 8 a.m. to 3 p.m.; Saturdays 8 a.m. to 1 p.m. and 6.30 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
336,775 00
150,000 00
193,666 25
Telephone company bonds
Gas, electric and water company
bonds
trust company stocks
(less
estate
real
on
Bank and
$20,475.50 due thereon)
Loans on personal security
Bank building (est. vol., $75,000)
Taxes, insurance, etc., paid on
mortgaged properties
$9,726,445 05
1,217 50
.
Surplus:
o.
....
Guaranty fund U-99%
posits)
of de-
00
61
46
04
10 02
485,760
366,482
149,347
10,492
Profit and loss
Interest, less current expenses
317,170 00
10,000 00
b.
.
Discount unearned
Other liabilities
5,999,828 45
800,475 17
50,000 00
.
546 55
.
trust
Deposits (17,383 accounts, average,
$559.53)
Christmas and other club deposits
$008,070 65
1,944,255 30
.
Due from banks and
1924
31,
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Stroot railway bonds
Boston Terminal Co. bonds
Loans
10.
com
309,906 45
19,060 86
panies
Cash and cash items
Total Liabilities
$10,739,754 68
Total Assets
$10,739,754
.
Total Expenses for the Year, including State Taxes
Rent
Salaries
State Tax (Net)
$21,809.43 $2,500.00
.$13,574.61
paid for
.23
2.03
1.27
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
$567,396.36.
year,
the
during
received
income
Gross
Amount
Advertising
.
$4,246.97
.38
.39
Rates on Investments and Loans (Average on
900
real estate loans,
averaging
$6,666.47 (average rate,
$1,000.
86
persoZi
loans,
$175,000;
averaging $9,307.85 (average
$20,000; 5%, $226,222;
4M%,
Total
$46,187.20
4.30
2.80
Other Expenses
$4,056.19
All,
5.46%)
5.98%); 5>^%, $184,750; 6%, $5,814,078;
rate5%);4%,
5^%, $180,o00;
$10,000; 4J£%
$41,000,
5l
A%,
7%
^T'^YoOO'
5%%. $2o,000,
stocks etc. (average rate on amount invested, 4.69%).
$49o,064.34.
of loans not over $3,000 each, 290, amounting to
real estate loans made during year, amounting to $1,088,500.
Bonds
Number
122
Dividends, Deposits and Withdrawals
$
209M4 28
onfi'ino 54
l,90o,4U9
Ordinary dividends declared during year: Jan., 1924,
July, 19^4, 2J4%
&/\ /o
;
to (accounts opened 1,973)
•
Number
Number
of deposits during year, 27,195,
of
•
amounting
withdrawals during year, 15,118, amounting to (accounts closed 1,648)
Net increase
*
in
Board
amount due depositors (accounts
of
Investment.
•
.
w
1
$2,318,293 35
1,844,279 37^
.
.
$474,013 98
increased 325)
t
..
.
Auditing Committee.
—
P. D.
8,
Part
175
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000 U. S. Treas. Notes 4%s
599,200 United States 4Ms
4^s
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Beech Creek 4s
Boston & Albany 4s
Boston & Maine 4s
Boston & Maine 4J^s
$50,000
75,000
25,000
25,000
155,000
70,000
100,000
200,000
200,000
B. & Q. 3Hs
B. & Q. 4s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4^s
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Chi., St. P., M. & O. 6s
Delaware & Hudson 4s
C,
C.
Central 4s
$50,000
50,000
20,000
50,000
Illinois
35,000
100,000
230,000
25,000
50,000
22,000
50,000
50,000
50,000
25,000
83,000
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3J^s
N. Y., N. H. & H. 4s
No. Pacific 4s
No. Pacific 6s
Old Colony 4s
Old Colony 5^3
Pennsylvania 4^s
Pennsylvania 5s
Lake Sh.& Mich. So. 4s
Maine Central 5s
Minn.,
M.
Public Funds, Notes
$5,000 Seattle, Wash.,
Telephone Company Bonds
Par Value
&
St. P.
S. Ste.
4s
Par Value
$120,000 Am. Tel. & Tel. Co. 5s
81,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$12,000 Eastern Mass. Elec. Co.
6s
75,000 N. B. Gas & Ed. Lt.
Co. 5s
25,000 N. B. Gas & Ed. Lt.
Co. 6s
25,000 N. B. Gas & Ed. Lt.
Co. 6Hs
25,000 Newb'yp't Gas & Elec.
So. Pacific 4s
Union Pac. 4s
Co. 5s
100,000 N. E. Power Co. 5s
25,000 Old Colonv Gas 5fl
25,000 Turners Falls P. & El.
Co. 5s
15,000 Wey. Lt. & P. Co. 5*^3
Street Railway Bonds
$112,000 Boston Elevated 4s
50,000 Boston Elevated 4^s
5,000
50,000
25,000
25,000
25,000
25,000
100,000
50,000 Great Northern 4^s
140,000 Illinois Central 3^3
140,000 West
25,000 West
10,000 West
End 4s
End 6s
End 6^s
Boston Terminal Co. Bonds
$150,000 Boston Terminal
Bank Stocks
Shs.
3Ks
50
Newton Trust Co.
NEWTON — NEWTON CENTRE SAVINGS BANK
BRANCH OFFICE— 77 OAK STREET, NEWTON UPPER FALLS
Incorporated February 25, 1896.
Number
of corporators, 39
William H. Rice, President-
Salmon W. Wilder, Treasurer.
Harry
Edward R. Kimball,
J.
Carlson, Clerk of the Corporation.
Assistant Treasurer.
Board of Trustees: G. M. Angier, A. C. Badger.t E. P. Bosson, H. P. Bradford, W. C. Brewer.f H. J.
Carlson, F. Gasbarri, F. J. Hale, A. L. Harwood, A. L. Harwood, Jr.,* S. W. Jones,* H. H. Kendall,
H. E. Locke, C. S. Luitwieler, G. H. Mellent, W. M. Noble, O. E. Nutter, I. C. Paul,* W. H. Rice,*
F. L. Richardson, G. F. Richardson, F. A. Schirmer,* G. W. Thompson, S. W. Wilder.
Deposits draw interest from fifteenth day of each month; dividends are payable January 15 and July 15.
Business hours: 8 a.m. to 4 p.m.; Saturdays, 8 a.m. to 12 m. Newton Upper Falls branch open
Mondays, 6 to 8.30 p.m., for deposits
STATEMENT OF CONDITION, OCTOBER
Assets
J
ublic funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Bank and trust company stocks
Loans on real estate (less $8,450
due thereon)
Joans on personal security
Due from banks and trust com
31,
1924
Liabilities
$320,781 38
352,297 45
140,446 00
13,961 25
....
Deposits (4,873 accounts, average,
$367.02)
Surplus:
$1,788,477 54
posits)
1,035,626 23
4,550 00
....
....
Guaranty fund (3.38%
a.
b. Profit and loss
Interest, rent, etc.,
less
of de-
60,401 54
53,547 39
current
expenses
23,423 63
54,516 72
3,671 07
panies
Hash and cash items
Total Assets
Total Liabilities
$1,925,850 10
$1,925,850 10
Total Expenses for the Year, including State Taxes
State
imount paid
for
Tax
(Net)
$2,561.87
.
"ost per $1 ,000 of assets
1 33
/Oat per $1,000 of assets not including
Jross income received during the year,
.
Board
of
Investment.
Salaries
Rent
Advertising
$5,453.59 $1,320.00
2 83
69
.
.
$1,223.88
.63
Other Expenses
Total
$2,987.39
$13,546.73
1.55
7.03
State tax and rent
$10Q,169. 17.
5.01
t Auditing
Committee.
—
t
P. D.
170
8,
Part
I.
Rates on Investments and Loans (Average on AH, 5.43%)
£04
real estate loans,
averaging $5,076.00 (average rate, 0.07%);
6%,
$23,300; 8%, $19,850.
personal loans, averaging $050 (average rate, 5.37%); 5%, $2,850;
Bonds, stocks, etc. (average rate on amount invested, 4.03%).
Number of loans not over $3,000 each, 08, amounting to $111,901.23.
61 real estate loans made during year, amounting to $358,125.
?
6^%.
$977,376;
6%,
$15,100;
7%,
$1,700.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2%%
July, 1924,
2}4%
Number
of deposits during year, 9,907,
Number
of
amounting
....
....
$35,022 92
36,784 52
489,213 77
$561,021 21
402,783 94
withdrawals during year, 3,354, amounting to (accounts closed 524)
Net increase
in
amount due depositors (accounts
increased 213)
$158,237 27
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$57,400 U. S. Treas. Notes 4}£s
125,000 U. S. Treas. Notes 4^s
134,950 United States 4&s
Public Funds, Notes
& Topsham, Me.,
(W.D.) 4s
$S,000 Bruns.
Par Value
$10,000
28,000
17,000
3,000
10,000
8,000
20,000
13,000
Railroad Bonds
$3,000 Baltimore & Ohio 3^3
24,000 Baltimore & Ohio 4^s
3,000 Baltimore & Ohio 5s
20,000 Boston & Albany 3J^s
5,000 Boston & Albany 4s
3,000 Boston & Maine 4s
1,000 Boston & Maine 4Hs
7,000
40,000
C,
C,
B.
B.
&
&
Q. 2V2 s
Q. 4s
Chi., Mil.
Chi., Mil.
Chi., Mil.
& St. Paul 4s
& St. Paul 4^s
& St. Paul 5s
Fitchburg 4s
Fitchburg 5s
Illinois Central 3s
Illinois Central 3J^s
Illinois Central 4s
1,000 Kal., Al. & Gr. Rapids 5s
1,000 Me.Cen.-Eu.& N.Am. 4s
1,000 Mich. Cen., Mich. Air
Line 4s
40,000 N. Y. C. & H. R. 4^s
51,000 N. Y., N. H. & H. 3J^s
15,000 N. Y., N. H. & H. 4s
5,000 No. Maine Seaport 5s
25,000 No. Pacific 4^s
30,000 Pennsylvania 4^s
1,000 Portland & Rum. Falls 4s
Street Railway Bonds
Par Value
$3,000 Boston Elevated 4s
16,000 Boston Elevated 4^s
30,000 Boston Elevated 5s
7,000 Boston & Revere 5s
5,000 Eastern Mass. 6s
2,000 Lvnn & Boston 0s
35,000 West End 4s
10,000 West End 5s
30,000 West End 6s
5,000 Wore. & Black. Val.
4^s
Bank Stocks
Shs.
42 First Nl. Boston
42 Newton Trust Co.
10 Needham Trust Co.
NEWTON — WEST NEWTON SAVINGS BANK
Incorporated
March
10, 1887.
Number
of corporators
28
Roland F. Gammons, Treasurer.
Clifford I. Champlin, Assistant Treasurer.
George P. Bullard, President.
Francis Newhall, Clerk of the Corporation.
of Trustees: G. P. Bullard,* E. C. Burrage, H. D. Cabot, H. M. Cole,* H. E. Fales, R. F. Gammons,
F. E. Hunter,*f William Kellar,* Francis Newhall, Dr. N. E. Paine, Thomas Weston, *f C. J. A.
Wilson.
Board
Deposits draw interest from tenth day of each month; dividends are payable January 15 and July
Business hours: 8.30 a.m. to 3 p.m.; Saturdays, 8.30 a.m. to 12 m.; 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Securities acquired for debts
Loans on real estate (less $22,400
.
....
due thereon)
Loans on personal security
Bank
building (est. val., $45,000)
Taxes, insurance, etc., paid on
mortgaged properties
.
Due from banks and
trust
31,
15.
1924
Liabilities
$342,355
524,000
171,500
43,000
54,200
93
00
00
00
00
Deposits (6,654 accounts, average,
$477.34)
Christmas and other club deposits
.
$3,176,247
71,015 00
Surplus:
a.
Guaranty fund (4-47%
of de-
145,000 00
144,905 73
44,368 90
posits)
29,700 00
25,000 00
200 00
Profit and loss
Interest, less current expenses
b.
.
.
.
.
2,140,128 00
99,050 00
37,500 00
39 85
com
110,287 54
4,575 69
panies
Cash
Total Assets
*
Board
$3,581,537 01
of
Investment.
!
.
opened 737)
to (accounts
Total Liabilities
t Auditing
$3,581,537 01
Committee.
1
P. D.
8,
Part
177
I.
Total Expenses for the Year, including: State Taxes
State
Amount
paid for
.
Tax (Net)
S3.255.33
.
Rent
Salaries
$12,665.26
3.54
Advertising
Other Expenses
$1,194.30
$3,173.50
.33
.91
Cost per SI ,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $186,040.20.
Rates on Investments and Loans (Average on
613
real estate loans,
7%,
$2,710;
averaging $4,171.78 (average rate,
8%,
Total
$20,288.39
5.66
4.75
&);
5%,
All,
5.50%)
5^%,
$2,500;
$3,000;
6%,
$2,126,918;
$5,000.
4%%,
38 personal loans, averaging $2,606.57 (average rate, 5.23%);
$25,000;
5%
$36,845;
5H%,
$12,210; 6%, $9,435.
(average rate on amount invested, 4.61%).
Number of loans not over $3,000 each, 268, amounting to $411,038.
77 real estate loans made during year, amounting to $460,100.
$15,560;
Bonds,
5H%,
stocks, etc.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2J4%
$64,243 18
66,664 90
765,158 95
2M%
during year, 14,361, amounting to (accounts opened 553)
.
$896,067 03
697,636 08
withdrawals during year, 6,574, amounting to (accounts closed 443)
Net increase
in
amount due depositors (accounts
$198,430 95
increased 110)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$362,200 United States 4^a
Par Value
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4J^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Albany 3^s
Boston & Albany 4s
Boston & Albany 5s
1,000 Boston & Lowell 4s
5,000 Boston & Maine 4s
15,000 Boston & Maine 4^s
$10,000
25,000
25,000
10,000
5,000
5,000
30,000
10,000
40,000
21,000
29,000
8,000
3,000
10,000
B. & Q. 4s
Chi., Mil. & St. P. 4s
Chi., Mil. & St. P. 4^s
Dex. & Piscataquis 4s
Fitchburg 4s
Fitchburg 5s
C,
$6,000
29,000
15,000
5,000
12,000
40,000
20,000
100,000
25,000
25,000
15,000
10,000
Illinois
Illinois
Illinois
Central 3s
Central 3^s
Central 4s
Lake Sh. & Mich. So. 4s
Mich. Central 3Ms
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. R. 4s
No. Pacific 6s
Pennsylvania 43^s
Port. Term. 4s
Upper Coos 4s
Street Railway Bonds
Boston Elevated 4J^s
Boston Elevated 5s
Eastern Mass. 4J^s
Lynn & Boston 5s
Springfield & Eastern 7s
$7,000
35,000
50,000
26,000
10,000
25,000
25,000
West End
4s
Wore. & Black. Val.
4^s
Boston Terminal Co. Bonds
Par Value
$50,000 Boston Terminal 3^8
Telephone Company Bonds
$50,000 Am. Tel. & Tel. Co. 4s
10,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 Newb'up't Gas & Elec.
Co. 5s
20,000 N. E. Power Co. 5s
Bank Stocks
Shs.
48 Atlantic Nl. Bk., Boston
50 Merchants Nl. Bk., Boston
3 Nl.
Shawmut
Bk., Boston
6 Web. & Atlas Nl. Bk., Boston
25 Newton Trust Co.
NORTH ADAMS — HOOSAC SAVINGS BANK
Incorporated April 19, 1871.
Arthur
W.
Number
of corporators, 31
Burton A. Miller, Treasurer.
Chippendale, President.
Harold B. Payne, Clerk of
the
Corporation
Board of Trustees: P, J. Ashe, A. H. Barber.f W. F. Barrington, Edmund Bissaillon,* F. A. Bond, A. J.
Buffum, A. W. Chippendale,* Jesse Hadfield, J. H. Hanley, G. A. Hastings, J. D. Hunter, E. A.
McMillin, B. A. Miller, J. E. Miller.t Francis Noel, H. B. Payne, E. B. Penniman, S. W. Potter,
C. Q. Richmond, J. E. Wall.t H. E. Wetherbee.*
Deposits draw interest from first business day of each month; dividends are payable June 1 and December 1. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 2 p.m. and 7 to 8 p.m.
*
Board
of
Investment.
t Auditing
Committee.
—
178
P.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$124,417
837,448
143,058
7,500
46,363
72,229
.
Telephone company bonds
Bank and trust company stocks
Loans on real estate (less $3,183
due thereon)
Loans on personal security
....
Bank
building
(est. val.,
1,455,488 00
162,340 7:1
103,000 00
2,875 00
$200,000)
Furniture and fixtures
Taxes, insurance, etc.,
paid on
mortgaged properties
Other assets
Due from banks and trust com
....
....
D.
Liabilities
Deposits (5,678 accounts, average,
$502.56)
Surplus:
a. Guaranty fund (3.78% of deposits
b. Profit and loss
Interest, rents, etc.,
8,
Part
I.
1924
$2,853,548 56
107,815 29
24,076 93
current
less
expenses
44,333 78
757 82
1,376 22
.
panies
00
45
25
00
75
00
31,
63,582 32
9,338 02
Cash and cash items
Total Assets
Total Liabilities
$3,029,774 56
$3,029,774 56
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
paid for
$6,707.71
$8,280.00 $1,000.00
2.21
Cost per $1,000 of assets
2.73
.33
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $164,351.71.
.
Advertising
Other Expenses
$1,119 55
37
$2,512 .63
Rates on Investments and Loans (Average on
Total
$19,619.89
6.47
3.93
.83
All,
5.41%)
486 real estate loans, averaging $2,994.83 (average rate, 5.98%); 5%, $17,600; 6%, $1,437,888.
110 personal loans, averaging $1,475.82 (average rate, 5.90%); 4%, $7,560.; 6%, $154,781.
Bonds, stocks, etc. (average rate on amount invested 4.67%).
Number of loans not over $3,000 each, 414, amounting to $522,443.
102 real estate loans made during year, amounting to $329,310.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Dec, 1923,
Number
of deposits
Number
of
Net
2%
$53,092 58
54,701 30
851,508 43
June, 1924, 2%
during year, 10,115, amounting to (accounts opened 604)
$959,302 31
884,612 15
withdrawals during year, 5,682, amounting to (accounts closed 578)
increase in
amount due depositors (accounts increased
$74,690 16
26)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$126,200 United States
4^s
Railroad Bonds
$10,000 Atch., Top. & S. Fe 4s
84,000 Baltimore & Ohio 4s
65,000 Baltimore & Ohio 4^s
40,000 Baltimore & Ohio 5s
9,000 Bangor & Aroostook 5s
5,000 Boston & Albany 3J^s
10,000 Boston & Albany 4s
3,000 Boston & Albany 5s
20,000 Boston & Lowell 4J^s
2,000 Boston & Maine 4s
22,000 Boston & Maine 4^s
2,500 Boston & Maine 6s
10,000
53,000
55,000
10,000
10,000
5,000
C,
B.
&
Q. 4s
Chi., Mil.
Chi., Mil.
& St. Paul 4s
& St. P. 4^s
& Northwestern 5s
Dex. & Piscataquis 4s
Chi.
Fitchburg 4s
Par Value
$20,000
15,000
10,000
25,000
15,000
68,000
15,000
Central 3Hs
Central 4s
Louis. & Nash. 5s
Maine Central 4^s
Maine Central 5s
Mich. Central 3^s
Minn., St. P. & S. Ste.
Illinois
Illinois
M.
Par Value
$20,000 Boston Elevated 5s
40,000 Eastern Mass. 4^8
20,000 West
End
5s
Boston Terminal Co. Bonds
$10,000 Boston Terminal 3J^s
4s
10,000 Nash., Chat. & St. L. 5s
119,000 N. Y. C. &H. R. 4s
20,000 N. Y. C. & H. R. 5s
60,000 N. Y., N. H. & H. 3Hs
53,000 N. Y., N. H. & H. 4s
25,000 No. Maine Seaport 5s
20,000 No. Pacific 5s
10,000 No. Pacific 6s
2,000 Old Colony 3J^s
28,000 Port. & Ogdens. 4^s
Shs.
Street Railway Bonds
$60,000 Boston Elevated 4s
10,000 Boston Elevated 4^s
75
71
50
115
32
Telephone Company Bonds
$10,000 Am. Tel. & Tel. Co. 4s
10,000 Am. Tel. & Tel. Co. 5a
28,000 N. E. Tel. & Tel. Co. 5s
Bank Stocks
Shawmut
Bk., Boston
Holyoke Nl. Bk.
Chapin Nl. Bk., Springfield
Nl.
Chic. Nl. Bk., Springfield
Springfield Nat. Bk.
—
P.
D.
8,
Part
179
I.
NORTH ADAMS — NORTH ADAMS SAVINGS BANK
Incorporated April 26, 1848.
Herbert
W.
Number
%
48
of corporators,
Ezra D. Whitaker, Treasurer.
Clark, President.
Sherman McVeigh, Clerk
of the Corporation
Board of Trustees: H. R. Bateman,* H. W. Clark,* C. H. Cutting,! W. K. Greer, W.P. McCraw,* Sherman
McVeigh.t C. T. Phelps, W. H. Pritchard, W. H. Sperry,*t F. D. Stafford, V. B. Vadnais, J. P. Wall,
A. C. Weber, E. D. Whitaker, C. E. Winchell.*
Deposits draw interest from the first business day of each month; dividends are payable April 1 and October 1. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 2 p.m. and from 7 to 8 p.m. for deposits
only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
real
estate
on
Loans
.
1924
31,
Liabilities
$1,108,486
955,253
75,495
106,267
22
41
00
00
Deposits (8,872 accounts, average,
$600.76)
.
*
.
.
.
.
$5,329,941 39
21,832 00
Surplus:
a.
30,000 00
61,040 00
3,256 38
.
Christmas and other club deposits
Guaranty fund (4.81%
of de-
....
posits)
Profit and loss
Interest, less current expenses
b.
257,500 00
112,739 43
31,283 34
.
(less
$21,244.49 due thereon)
Loans on personal security
Bank
building (est. val., $75,000)
Taxes, insurance, etc., paid on
mortgaged properties
....
.
Other assets
Due from banks and trust com
2,338,557 19
904,732 46
50,000 00
249 67
1,846 36
106,827 33
11,285 14
panies
Cash and cash items
$5,753,296 16
Total Assets
Total Liabilities
.
$5,753,296 16
Total Expenses for the Year, including State Taxes
Rent
Tax (Net) Salaries
$9,118.04
$15,673.06 $1,500.00
Amount paid for
2.72
.26
1.58
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $285,890.29.
State
Advertising
.
.
$680.88
.13
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$3,474.74
$30,446.72
.60
5.29
3.45
5.12%)
4^%, $86,600; 5%.
$199,088; 6%, $1,902,870.
182 personal loans, averaging $4,971.06 (average rate, 5.15%); 4%, $35,000; 4J^%, $28,000; 4J^%,
$75,000; 5%, $182,430; 5H%, $125,000; 5^%, $114,000; 6%, $195,302.
$150,000; 4;
Bonds, stocks, etc. (average rate on amount invested, 4.50%).
Number of loans not over $3,000 each, 577, amounting to $727,646.
119 real estate loans made during year, amounting to $344,358.60.
579
real estate loans,
averaging $4,038.95 (average rate, 5.73%);
4%,
$150,000;
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
2^%
2M%
$113,087 97
during year, 16,042, amounting to (accounts opened 1,151)
.
.
115,227 10
1,025,157 15
withdrawals during year, 7,989, amounting to (accounts closed 982)
.
.
$1,253,472 22
1,039,331 18
Oct.,
Number
of deposits
Number
of
Net increase
*
t
in
amount due
1924,
depositors (accounts increased 169)
$214,141 04
Board of Investment.
t Auditing Committee.
For statement of Life Insurance Department, see index.
—
P.
180
D.
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 U. S. Treas. Notes
25,000 U. S. Treas. Notes
119,000 U. S. Treas. Notes
2,500 United States 3Hs
854,700 United States 4Ms
2,000 Boston 4s
15,000
2,500
6,500
5,000
2,000
4,000
2,000
3,000
Par Value
$4,000 Boston
14,000 Boston
5,000 Boston
10,000 Boston
7,000 Boston
50,000 Boston
& Albany 3^3
& Albany 4s
& Albany 5s
& Lowell 5s
& Maine 4s
& Maine 4^9
C, B. & Q. 4s
Chi., Ind. & Southern 4s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4^s
Chi., R. I. & Pac. 4s
Delaware & Hudson 4s
4Ms
4%s
4%s
85,000
5,000
30,000
6,000
5,000
5,000
25,000 Fitchburg 4s
5,000 Fitchburg 4^s
25,000 Great Northern 4^9
60,000 Illinois Central 3s
25,000 Illinois Central 3J^s
25,000 Illinois Central 5s
80,000 Lake Sh. & Mich. So. 4s
20,000 Louis. & Nash. 4s
15,000 Louis. & Nash. 5s
3,000 Louis. & Nash. 6s
15,000 Maine Central 4^3
7,000 Mil., L. S & West. 5s
18,000 Minn., St. P. & S. Ste.
M. 4s
2,000 Minn., St. P. & S. Ste.
Chelsea 5Ms
Clarksburg 4s
Clarksburg 5s
Fall River 4s
Foxboro 4J^s
Littleton 4s
Medford 5s
New
Bedford 4s
Public Funds, Notes
$2,7S0 North Adams 3.40%
7,200 North Adams 3Hs
11,533 North Adams 3j^s
350 North Adams 4s
10,100 North Adams 4^9
4,000 North Adams 5Ms
4^9
3,900 Stamford, Vt.,
Par Value
$10,000 Old Colony 4s
10,000 Old Colony 53^9
40,000 Pennsylvania 4^s
1,000 Worcester, 4s
M.
Railroad Bonds
$50,000 Baltimore & Ohio 4s
31,000 Baltimore & Ohio 4J^s
74,000 Bangor & Aroostook 5s
40,000
35,000
102,000
40,000
10,000
15,000
4,000
10,000
& Wash.
5s
Portland Terminal 4s
Ports., Gt. F. & C. 4^s
Sullivan
County 6s
Street Railway Bonds
$15,000 Boston Elevated 4s
20,000 Boston Elevated 4j^s
17,000 Eastern Mass. 4J4s
25,000 Hoosac Valley 7s
Telephone Company Bonds
$109,000 Am. Tel. & Tel. Co. 4s
7,000 Am. Tel. & Tel. Co. 5s
2,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$25,000 Newb'yp't Gas & Elec.
Co. 5s
5,000 West Boston Gas Co. 7s
Bank Stocks
5s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^9
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Phila., Bait.
Shs.
400 North Adams Trust Co.
75 Atlantic Nl. Bk., Boston
17 North Adams Nl. Bk.
NORTHAMPTON — FLORENCE SAVINGS BANK
(FLORENCE DISTRICT)
Incorporated February 14, 1873.
Number
of corporators, 33
Ernest C. Hillenbrand, Treasurer
Frederick C. Ely, Clerk of the Corporation
William Cordes, President.
^
Ely,1
J. Campbell,* R. H Cook William Cordes,* F. C.
oflTrustees:
Board of
rushes. F. R. Barnes, H. C. Bliss, H.
W H
Qraves> ^ A Haven> H B- H aven,*t E. C. Hillenbrand, E. M. Plimpton,
A. C. Warner.f
Rice,'* H. E. Riley, O. M. Smith, A. M. Ware,*
.
payable April 15 and Octobe:
Dpnosits draw interest from fifteenth day of each month; dividends are
Deposits
Fridays. 6 to 8 p.m.
to 3 p.m.; Saturdays, 10 a.m. to 12 m.; also
J.
^^^JJ
m
.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Federal Land Bank bonds
Bank and trust company stocks
•
Securitieg acquired for debts
Loans on real estate (less $5,300
.
due thereon)
Loans on personal security
.
.
building {est. vol., $9,000)
Furniture and fixtures
Due from banks and trust com
Bank
pames
Cash and cash items
Board
$171,460
275,351
71,037
28,205
50
75
50
00
19,887
4,987
12,585
29
50
50
00
50
of
Investment.
Deposits (3,300 accounts, average,
$45848)
Christmas and other club deposits
.
$1,513,004
45,910
Surplus:
a.
Guaranty fund U.82%
of de-
75,067
posits)
b. Profit and
Interest, rents,
loss
48,884.
.
etc.,
less
current
....
2,324
expenses and taxes
Discount unearned
1,019,758 00
24,575 00
7,000 00
500 00
44,163 03
5,954 42
$1,685,494 70
Total Assets
*
1924
Liabilities
Total Liabilities
t
$1,685,494
Auditing Committee.
P. D.
8,
Part
181
I.
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
Advertising
§279.76
81,393.77
S4.642.00 S400.00
paid for
.24
2.75
.83
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
$86,521.23.
year,
the
during
received
income
Gross
Amount
.
.
.76
.17
Rates on Investments and Loans (Average on
Total
$8,004.55
4.75
3.68
Other Expenses
$1,289.02
All,
5.35%)
(average rate, 5.60%); 5H%, $806,058;
SH real estate loans, averaging $2,588.21
70 personal loans, averaging $351.07 (average rate, 6%); 6%, $24,575.
Bonds, stocks, etc. (average rate on amount invested, 4.89%).
Number of loans not over $3,000 each, 329, amounting to $473,683.
56 real estate loans made during year, amounting to $175,400.
6%,
$213,700.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
....
2^%
Number
1924, 23^%
of deposits during year, 6,661, amounting to (accounts opened 396)
Number
of
Oct.,
•
$
in
amount due
....
depositors (accounts increased 52)
t?
Zi
$411,414 82
343,098 40
withdrawals during year, 3,558, amounting to (accounts closed 344)
Net increase
qH§J
32,12.}
$68,316 42
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$10,000
10,000
20,000
110.000
U. S. Treas. Bonds
U. S. Treas. Notes
U. S. Treas. Notes
United States 4^9
Par Value
Par Value
$5,000 Fitchburg 4j^s
5,000
10,000
5,000
10,000
5,000
10,000
5,000
5,000
15,000
5,000
45,000
10,000
5,000
5,000
5,000
18,000
5,000
10,000
4^s
4^s
4Ms
10,000 Boston 4s
5,000 Los Angeles 5s
5,000 Quincy 4s
3,000 San Fran., Cal., 5s
5,000 West Springfield 4.05%
Railroad Bonds
$5,000 Baltimore & Ohio 4s
15,000 Baltimore & Ohio 4^s
10,000 Baltimore & Ohio 5s
10,000 Bangor & Aroostook 5s
16,000 Boston & Albany 5s
10,000 Boston & Lowell 4J^s
10,000 Boston & Maine 4s
10,000 Boston & Maine 4^9
12,000 Chi., Mil. & St. Paul 4s
10,000 Chi., Mil. & St. Paul 5s
5,000 Chi. & Northwestern 5s
Illinois
Illinois
Illinois
Illinois
Lex. &
Louis.
Central
Central
Central
Central
Eastern
3s
3 Mis
4s
5s
5s
&
4^s
Nash.
$35,000 Eastern Mass. 4J^s
5,000 Eastern Mass. 6s
5,000 West End os
10,000 West End 6^3
Telephone Company Bonds
Maine Central 4J^s
M.
St. P.
&
S. Ste.
M.
5s
N. Y. C. & H. R. 4}^s
N. Y. C. & H. R. 5s
N. Y. N. H. & H. 4s
No. Pacific 5s
No. Pacific 6s
Old Colony 5^s
Phila., Bait.
& Wash.
5s
Pennsylvania 43^9
St. Louis, P.
Union
& Nw.
5s
$10,000 Am. Tel. & Tel. Co. 4s
15,000 Am. Tel. & Tel. Co. 5s
5,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$15,000 N. E. Power Co. 5s
5,000 Turners Falls P. & E. 5s
Federal Land
$5,000
Omaha
Bank Bonds
5s
Pacific 5s
Bank Stocks
Street Railway Bonds
$15,000 Boston Elevated 4s
5,000 Boston Elevated 4^9
Shs.
85 Hadley Falls Tr. Co., Holyoke
85 Home Nl. Bk., Holyoke, in liq.
40 First Nl. Bk., Northampton
NORTHAMPTON — NONOTUCK SAVINGS BANK
Incorporated February
Oriville
W.
Prouty, President.
Frederick
9, 1899.
Number
of corporators,
40
Sterling R. Whitbeck, Treasurer.
M. Starkweather,
Clerk of the Corporation
F. D. Cary, Calvin Coolidge, W. E. Cooney, C. N. Fitts, H. N. Gardiner, M. S. Howes, F. L. Huxlev, R. W. Irwin, C. W. Kinney,* C. H. Lvman,*t A. J. Morse, C. K.
Morton, L. B. Niquette, E. K. Parsons, H. A. Parsons, t O. W. Prouty, F. M. Starkweather, f S. R.
Whitbeck,* R. L. Williston
Board of Trustees: H.
M. Abbott,
Deposits draw interest from the
day
of
business day of each month; dividends are payable the first WednesBusiness hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; and
first
June and December.
7 to 8 p.m. for deposits only.
*
Board
of
Investment.
t Auditing
Committee.
—
182
P.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
D.
8,
Part
I.
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$245,510
360,252
73,676
32,760
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
57
25
25
Deposits (3,338 accounts, average,
$502.07)
Christmas and other club deposits
00
Surplus:
.
a.
12,625 00
15,553 50
3 00
Securities acquired for debts
Loans on real estate (less $3,197.25
.
.....
Guaranty fund
posits)
(4 -92% of de-
....
Profit and loss
Interest, rents, etc.,
b.
$1,675,924 79
6,196 76
less
82,800 00
44,822 51
current
expenses
due thereon)
Loans on personal security
22.987 07
857,697 75
80,483 13
120,000 00
Bank building (est. val., $130,000)
Due from banks and trust com
panies
28,653 11
5,516 57
Cash and cash items
Total Assets
Total Liabilities
$1,832,731 13
$1,832,731 13
Total Expenses for the Year, including State Taxes
Tax (Net)
Rent
Advertising
Salaries
paid for
$786.43
$2,281.19
$7,521.66
$2,400.00
Cost per $1,000 of assets
1.24
.43
4.10
1.31
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $90,702.79.
State
Amount
.
.
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$2,108.38
$15,097.66
1.15
8.23
5 68
5.24%)
324 real estate loans, averaging $2,647.21 (average rate, 5.51%); 5H%. $832,698; 6%, $25,000.
l
88 personal loans, averaging $914.58 (average rate, 6.09%); 5%, $2,817; b A%,
$5,405; 6%, $51,235;
6H%,
$16,326; 7%, $4,700.
etc. (average rate on amount invested, 4.84%).
amounting to $465,105.88.
63 real estate loans made during year, amounting to $170,680.
Bonds, stocks,
Number
of loans not over $3,000 each, 320,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Dec, 1923,
June, 1924,
Number
of deposits during year, 4,565,
Number
of
Net
2%
$30,381 97
35,594 76
388,026 43
2J4%
amounting to (accounts opened 406)
$454,003 16
373,977 25
withdrawals during year, 3,330, amounting to (accounts closed 340)
increase in
amount due depositors (accounts increased
$80,025 91
66)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$550 United States 3^s
259,350 United States 4}4s
Public Funds, Notes
$2,000 So. Hadley (F. D.) 4s
Railroad Bonds
$15,000 Baltimore & Ohio 4s
10,000 Baltimore & Ohio 4^3
10,000 Baltimore & Ohio 5s
1,000 Boston & Albany 3J^s
5,000 Boston & Albany 4Ha
11,000 Boston & Albany 5s
10,000 Boston & Lowell 4^s
11.000 Boston & Maine 4s
13,000 Boston & Maine 4^s
15,000 C, B. & Q. 4s
10,000 Chi., Mil. & St. P. 4^s
15,000 Chi., Mil. & St. Paul 5s
10,000 Chi. & Northwestern 5s
Par Value
$5,000
5,000
6,000
10,000
30,000
12,000
60,000
20,000
10,000
25,000
10,000
2,000
5,000
20,000
15,000
10,000
5,000
&
Pittsburgh 3^3
Central 3s
Central 4s
Lake Shore &Mich. So. 4s
Louis. & Nash. 5s
Maine Central 4}4s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
Erie
Illinois
Illinois
No. Pacific 5s
No. Pacific 6s
Old Colony 4s
Old Colony 5^9
Pennsylvania 4^s
Pennsylvania 5s
& Wash. 5s
& Man. 4s
Phil., Bait.
St. P., Minn.
Street Railway
Bonds
$7,000 Boston Elevated 4s
16,000 Boston Elevated 4^s
5,000 Boston Elevated 5s
Par Value
$15,000 Boston Elevated 6s
20,000 Eastern Mass. 4J^s
5,000 Eastern Mass. 6s
10,000
West End 4s
Telephone Company Bonds
$34,000
Am.
Tel.
&
Tel. Co. 5a
Gas, Electric and Water
Com-
pany Bonds
$13,000 N. E. Power Co. 5s
Bank Stocks
Shs.
5 Millers River Nl. Bk., Athol
33 First Nl. Bk., Northampton
50 Chapin Nl. Bk., Springfield
7 Hampden Nl. Bk., Westfield
20 Nat'l Shawmut Bk., Boston
—
P.
D.
8,
Part
I.
NORTHAMPTON — NORTHAMPTON INSTITUTION FOR SAVINGS
March
Incorporated
Edwin
1,
1842.
Number
183
of corporators, 39
Ralph E. Harlow, Treasurer.
F. Stratton, President.
Walter L. Stevens, Clerk of
the Corporation
Board of Trustees: A. C. Bardwell, C. A. Bisbee, S. L. Butler.t H. H. Chilson, F. E. Clark,* O. W. Edwards,*
C. H. Gere.t R. B. King, J. L. Lyman, T. F. McGrath,* J. W. Parsons, F. H. Smith, L. R. Smith,
W. L. Stevens, E. F. Stratton,* H. M. Tyler.t Oliver Walker.
Deposits draw interest from first business day of each month; dividends are payable the first Wednesday
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Mondays,
of April and October.
6.30 to 8 p.m., for deposits and payments.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
$541,996 31
00
00
00
75
00
200 00
2,172,550
430,875
100,000
188,481
12,900
.
Securities acquired for debts
Loans
on
real
estate
.
(less
$50,562.62 due thereon)
Loans on personal security
Bank
building (est. val., $150,000)
Taxes, insurance, etc., paid on mort
gaged properties
6,011,022 54
250,500 14
100,000 00
trust
1924
Deposits (16,247 accounts, average,
$576.04)
Christmas and other club deposits
.
$9,359,892 35
17,646 50
Surplus:
a.
Guaranty fund (4-94%
of de-
....
posits)
Profit and loss
Interest, less current expenses
b.
463,400 00
216,588 88
and
21,154 42
taxes
55 77
.
Due from banks and
31,
Liabilities
com
panies
243,988 97
26,111 67
Cash and cash items
Total Assets
Total Liabilities
$10,078,682 15
$10,078,682 15
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
Advertising
paid for
$11,768.55
$17,121.21
Cost per $1,000 of assets
1.16
1.70
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $509,002.95.
.
.
$707.70
Rates on Investments and Loans (Average on
[
Other Expenses
$7,885.10
.07
Total
$37,482.56
3.71
2.55
.78
All,
5.25%)
991 real estate loans, averaging $6,065.61 (average rate, 5.53%); 5%%, $5,557,073; 6%, $453,950.
87 personal loans, averaging $2,879.31 (average rate, 6.04%); 5%, $1,865; 6%, $223,635; 6^%, $25,000.
Bonds, stocks, etc. (average rate on amount invested, 4.70%).
Number of loans not over $3,000 each, 680, amounting to $913,818.31.
162 real estate loans made during year, amounting to $945,600.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2M%
withdrawals during year, 14,874, amounting to (accounts closed 1,416)
Net increase
*
in
Board
amount due depositors (accounts decreased
of
Investment.
.
$197,999 17
199,543 09
1,985,343 68
.
$2,382,885 94
2,010,002 24
2H7o
during year, 23,885, amounting to (accounts opened 1,240)
.
.
$372,883 70
176)
t Auditing
Committee.
—
184
P.
D.
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$467,600 United States 4J4s
55,000 Northampton 4^3
25,000 Seattle, Wash., 5s
3,400 Hadley (W. S. D.) 4s
Public Funds, Notes
$2,800 Northampton 6s
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
Boston & Maine 4^3
$50,000
50,000
50,000
45,000
50,000
25,000
75,000
75,000
50,000
50,000
50,000
C,
C,
B.
B.
&
&
Q. 3Hs
Q. 4s
& St. Paul
& St. Paul
& Northw. 3 Aa
Chi., Mil.
Chi., Mil.
Chi.
Street Railway Bonds
Par Value
$200,000 Boston Elevated 4 Ms
150,000 Eastern Mass. 4j^s
57,100 Eastern Mass. 6s
Par Value
4s
5s
l
$50,000
50,000
150,000
25,000
76,000
50,000
100,000
50,000
25,000
50,000
50,000
100,000
50,000
125,000
100,000
215,000
100,000
100,000
80,000
25,000
100,000
50,000
50,000
&
Northwestern 4s
Chi., R. I. & Pac. 4s
Fitchburg 4s
Fitchburg 4 Ms
Holyoke & Westf d 4^3
Chi.
Illinois
L. S.
Central
40,000 West
3^s
&
Mich. So. 3^s
Louisville & Nash. 4^3
Maine Central 5s
Mich. Central 3Ms
Mil., L. S. & West. 5s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 4^s
N. Y. C. & H. R. 5s
N. Y. & N. E. Term. 4s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 6s
Old Colony 4s
Pennsylvania 4^s
Pennsylvania 5s
&
5s
$100,000 Boston Terminal
3Ms
Telephone Company Bonds
$60,000 Am. Tel. & Tel. Co. 4s
139,000 Am. Tel. & Tel. Co. 5s
&
5,000 N. E. Tel.
Tel. Co. 5s
Bank Stocks
Shs.
20 Merchants Nl. Bk., Boston
50 Second Nl. Bk., Boston
& Wash. 5s
Wore. 4s
9 First Nl. Bk., Northampton
50 Northampton Nl. Bk.
Phila., Bait.
Prov.
End
Boston Terminal Co Bonds
NORTH ATTLEBOROUGH — ATTLEBOROUGH SAVINGS BANK
BRANCH OFFICE — 9 NORTH MAIN STREET, ATTLEBOROUGH
Incorporated February
2, 1860.
Number
of corporators, 83
James E. Totten, Treasurer.
Albert Totten, President.
Andrew
Morris, Clerk of the Corporation
Board of Trustees: W. B. Ballou, G. W. Cheever,* H. E. Clap.f T. S. Curtis,* C. W. Fisher, J. B. Gerould,*
C. C. Grant,* R. M. Horton,* H. E. Hull, W. L. King.f J. F. Mason, f Andrew Morris, E. A. Remington, H. K. Richardson,* A. H. Riley, Albert Totten,* G. A. Whiting.
Deposits draw interest from third day of each month; dividends are payable April 15 and October 15.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Liabilities
$473,690
455,701
182,880
10,000
86,965
.
.
....
Bank
building
Real estate by foreclosure,
sessed value, $58,790)
insurance, etc.,
mortgaged properties
Due from banks and
Deposits (11,972 accounts, average,
$703.78)
Surplus:
a.
Guaranty fund (4-39%
$8,425,733 67
of de-
....
....
370,000
430,164
37,122
105,000
posits)
b. Profit and loss
Interest, less current expenses
Discount unearned
00
67
52
00
etc. (as
15,572 69
.
Taxes,
25
31
00
00
4,994,369 60
2,801,815 53
40,000 00
$60,000)
(est. val.,
61
95,450 00
6,250 00
3,195 00
Securities acquired for debts
Loans on real estate (less $2,366.96
due thereon)
Loans on personal security
1924
31,
paid
on
469 25
.
trust
com
189,825 23
11,836 39
panies
Cash and cash items
Total Assets
$9,368,020 86
Total Liabilities
$9,368,020 86
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
paid for
$14,168.18
$13,780.50 $2,655.00
1.47
1.51
.28
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $509,574.14.
.
*
Board
.
of Investment.
Advertising
$364.70
.04
t
Other Expenses
$8,403.92
.90
Auditing Committee.
Total
$39,372.30
4.20
2.41
—
P.
D.
8,
Part
185
I.
Rates on Investments and Loans (Average on All, 5.68%)
A%, $50,000; 6%,
4H%, $350,000;
$50,000; 5H%.
1,020 real estate loans, averaging $4,896.44 (average rate, 6.17%); 5%, $14,300; b l
$3,394,670; 634%, $28,000; 6^%, $1,256,300; 7%, $251,100.
218 personal loans, averaging $12,852.36 (average rate, 5.22%); 4M%. $25,000;
4%%, $50,000; A%%, $342,200; 5%, $369,000; 5M%, $469,300; 5^%,
$681,440; 5M%, $111,575; 6%, $338,250; 6M%. $15,000; 7%, $50.
Bonds, stocks, etc. (average rate on amount invested, 4.81%).
Number of loans not over $3,000 each, 680, amounting to $972,249.89.
219 real estate loans made during year, amounting to $1,630,875.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during yenr: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2J^%
2V2 %
$180,830 93
193,302 31
2,346,623 30
...
during year, 25,107, amounting to (accounts opened 1,762)
$2,720,756 54
1,603,797 19
withdrawals during year, 13,358, amounting to (accounts closed 1,145)
Net increase
in
amount due depositors (accounts increased 617)
$1,116,959 35
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$75,000 U. S. Treas. Notes 4%s
338,450 United States 4^a
80,000 U. S. Treas. Certs.
Gas, Electric and Water
Railroad Bonds
Com-
pany Bonds
Par Value
Dedham & H. P. G. &
El. L. Co. 6s
50,000 Lawrence Gas Co. 7s
1,000 N: B. Gas & Ed. Lt. Co.
$5,000
4%s
$50,000 Baltimore & Ohio 4J^s
50,000 Baltimore & Ohio 5s
25,000 Boston & Albany 3^s
11,000
50,000
5,000
70,000
30,000
60,000
75,000
25,000
Par Value
$24,000 N. Y. C. & H. R. 5s
50,000 N. Y., N. H. & H. 3Ks
25,000 Old Colony 4s
Street Railway Bonds
$50,000 Boston Elevated 5s
25,000 Boston Elevated 6s
60,000 Eastern Mass. 4J^s
32,500 Eastern Mass. 6s
6s
10,000 N. B. Gas & Ed. Lt. Co.
7s
5,000 Pittsfield Electric Co. 6s
25,000 West Boston Gas Co. 7s
30,000 West End 6s
& Maine 6s
& St. P. 4^s
& St. Paul 5s Boston Terminal Co. Bonds
Fitchburg 4s
$10,000 Boston Terminal 3^3
Fitchburg
Boston
Chi., Mil.
Chi., Mil.
5s
Central 3s
Central 4s
Maine Central 5s
Illinois
Illinois
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$100,000
Bank Stocks
Shs.
50 Mfs. Nl. Bk., N. Attleborough
NORTH BROOKFIELD — NORTH BROOKFIELD SAVINGS BANK
Incorporated February 28, 1854.
Number
of corporators,
Herbert T. Maynard, President.
45
George
Mortimer
J.
Howard, Clerk
W. Brown,
Treasurer.
of the Corporation
Board of Trustees: E. A. Batcheller,* C. E. Bill, A. C. Bliss, B. A. Bush.f F. A. Fullam,* W. F. Fullam,
M. J. Howard, t E. A. Ludden.f H. T. Mason, H. T. Maynard,* W. B. Mellen, A. K. Pecot, B. M.
Stevens,* J. A. White.
Deposits draw interest from first day of each month; dividends are payable January 3 and July
ness hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m. and 7 to 8.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $10,250
.
....
due thereon)
Loans on personal security
Bank
building (est. val., $10,000)
Taxes, insurance, etc., paid on
mortgaged properties
.
Due from banks and
trust
1924
Liabilities
$171,452
343,704
60,465
26,480
87
75
00
00
34,812 50
12,038 50
20 00
Deposits (2,828 accounts, average,
$564-18)
Surplus:
o. Guaranty fund (4-84% of de-
$1,595,349 17
....
....
77,200
81,502
17,441
34
posits)
b. Profit and loss
Interest, less current expenses
Discount unearned
00
05
57
13
1,050,883 00
43,235 00
3,000 00
265 59
24,204 49
965 22
Cash and cash items
Total Assets
Board
Busi-
com
panies
*
31,
3.
$1,771,526 92
of
Investment.
Total Liabilities
t Auditing
.
$1,771,526 92
Committee.
P. D.
186
8,
Part
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rentt
Salaries
Advertising
Other Expenses
Total
$111.78
$1,525.57
$6,436.26
.06
.86
3.63
2.65
$3,066.29
paid for
$1,732.62
1.73
.98
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $95,298.12.
.
Rates on Investments and Loans (Average on
302
averaging $3,479.75 (average rate, 6.03%);
real estate loa?is,
5M%,
All,
5.66%)
6%,
$23,240;
$20,300; 7%, $14,270; 8%, $7,000.
8 personal loans, averaging $5,404.38 (average rate, 3.21%); 3%, $40,000;
Bonds, stocks, etc. (average rate on amount invested, 5.22%).
Number of loans not over $3,000 each, 204, amounting to $218,018.
51 real estate loans made during year, amounting to $340,750.
5^%,
$986,073;
6H%,
6%,
$1,790.
$1,445;
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Extra dividends declared during year,
Number of deposits during year, 3,623,
Number
of
....
....
2}4%
2M%
in
amount due depositors (accounts increased
15
24
01
$378,407 43
228,649 57
withdrawals during year, 2,183, amounting to (accounts closed 196)
Net increase
03
$31,679
33,320
3,702
309,706
July, 1924,
July, 1924, 14%
amounting to (accounts opened 301)
$149,757 86
105)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$42,000 U. S. Treas. Notes
136,550 United States 4^s
$5,000
30,000
17,000
20,000
6,500
20,000
20,000
10,000
10,000
15,000
5,000
5,000
10,000
17,000
10,000
Par Value
$20,000 Minn.,
4^s
Railroad Bonds
Baltimore & Ohio 33^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Maine 4s
Boston & Maine 6s
&
Chi., Mil.
St. P. 4Hs
Chi., B.
Q. 5s
Chi. & Northwestern 5s
Chi.
Northwestern 6s
Chi., St. P. M.
O. 6s
Fitchburg 5s
Fre., Elk. & Mo. Val. 6s
Illinois Central 5s
Louis.
Nash. 6s
Maine Central 5s
&
&
&
&
5,000
20,000
20,000
25,000
25,000
5,000
10,000
15,000
10,000
10,000
10,000
Telephone Company Bonds
St. P.
&
M. 5s
Montana Central
S. Ste.
Par Value
$28,000 Am. Tel. & Tel. Co. 4s
2,000 N. E. Tel. & Tel. Co. 5s
6s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 6s
Old Colony 4s
Pennsylvania 4^s
Pennsylvania 5s
Ports., Gt. F. & C. 4J^s
So. & No. Alabama 5s
Gas, Electric and Water
Upper Coos 4^s
Street Railway Bonds
$20,000 Boston Elevated 4J^s
10,000 Boston Elevated 5s
10,000 Boston Elevated 5Ms
10,000 Eastern Mass. 43^s
10,000 Lynn & Boston 6s
5,000 Wore. Consolidated 5s
Com-
pany Bonds
$5,000
5,000
15,000
10,000
Lawrence Gas Co. 7s
Marl.-Hud.G.Co. 5J^s
N. E. Power Co. 5s
Pittsfield Elec. Co. 6s
Bank Stocks
Shs.
10 Eliot Nl. Bk., Boston, in
50 Nl. Shawmut, Bk., Boston
18 Spencer Nl. Bk.
2 Ware Tr. Co.
liq.
NORWELL — SOUTH SCITUATE SAVINGS BANK
Incorporated April
2,
1834.
Number
of corporators,
William F. Bates, President.
29
Herbert E. Robbins, Treasurer.
Horace T. Fogg, Clerk
of the Corporation.
H. Barnard, t W. F. Bates,*f E. A. Bowker, G. D. Damon, W. E. Damon, Harry T.
Fogg, Horace T. Fogg.t H. C. Ford,* Lot Phillips, H. E. Robbins, H. J. Tolman,* C. H. Waterman,*
H.
West,*
F.
Wright.
C. S.
Board
of Trustees:
J.
Deposits draw interest from last Saturday of January, April, July and October; dividends are payable
the Monday following the last Saturday of January and July. Business hours: 9 a.m. to 12 m.; 1 to
3.30 p.m.; Saturdays, 9 a.m. to 12 m.
*
Board
of
Investment.
t Auditing
Committee.
—
P.
D.
8,
Part
187
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
building
(est. val.,
b. Profit and loss
Interest, rents, etc.,
57,300 00
53,836 74
current
less
14,399 44
expenses
770,703 00
22,400 00
11,000 00
$12,000)
etc.
$1,184,814 23
of de-
....
posits)
....
Real estate by foreclosure,
Guaranty fund (4-84%
a.
4,812 50
27,831 00
trust company stocks
real estate (less $1,500
Loans on
due thereon)
Loans on personal security
Bank
Deposits (1,789 accounts, average,
$662.27)
Surplus:
35
00
00
00
$92,836
236,855
71,419
20,070
Telephone company bonds
Gas, electric and water company
bonds
Bank and
1924
31,
(c
2,415 18
sessed value, $3,800)
Due from banks and
trust
com
panies
47,393 67
2,614 71
Cash and cash items
Total Assets
Total Liabilities
$1,310,350 41
$1,310,350 41
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
'
Rent
Advertising
paid for
$225.00
$1,610.36
$3,702.67
2 82
Cost per $1 ,000 of assets
1 23
.17
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $67,403.52.
$315.19
.
real estate loans,
7%,
$33,100;
Total
$7,649.09
1.37
5.83.
4.43
Rates on Investments and Loans (Average on
422
Other Expenses
$1,795.87
.24
.
.
averaging $1,826.31 (average rate, 6.04%);
5%,
All,
5.56%)
6%,
$1,700;
$722,403;
6K%.
$13,500.
6.06%) 6%, $21,010; 7%, $1,390.
Bonds, stocks, etc. (average rate on amount invested, 4.73%).
Number of loans not over $3,000 each, 361, amounting to $436,678.
65 real estate loans made during year, amounting to $148,200.
27 personal
loans, averaging $829.62 (average rate,
;
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924, 2j/£%,
July, 1924,
Number
of deposits
Number
of
2M%
....
$27,291 68
25,276 10
149,281 24
•
during year, 1,190, amounting to (occounts opened 108)
$201,849 02
142,235 83
withdrawals during year, 1,115, amounting to (accounts closed 97)
Net increase
in
amount due depositors (accounts increased
$59,613 19
11)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$75,000 United States 4J^s
1,000 Rockland 4s
2,000 San Fran., Cal., 5s
Public Funds, Notes
$10,000 Hanson 4s
5,000 Scituate 4s
$5,000
5,000
5,000
7,000
5,000
10,000
5,000
10,000
10,000
5,000
5,000
10,000
3,000
5,000
1,000
10,000
15,000
10,000
C,
B.
&
Q.
&
&
&
3Ms
Paul 3^s
Paul 4^s
Paul 5s
Conn. & Pass. Rivers 4s
Fitchburg 4s
Fitchburg 4^s
Fitchburg 5s
Illinois
Illinois
Am.
St.
St.
St.
Central 3s
Central 3^3
43^s
5,000 Minn., St. P.
M. 4s
5,000 Minn., St. P.
M.
Railroad Bonds
Atch., Top. & S. Fe 4s
l
Baltimore & Ohio 3 A*
Baltimore & Ohio 4s
Baltimore & Ohio 4J^s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
Chi., Mil.
Chi., Mil.
Chi., Mil.
Par Value
$19,000 Lake Shore & Mich. So. 4s
5,000 Louis. & Nash. 5s
7,000 Me.Cen.-E.& N. A. 4s
4,000 Maine Cent. E. & No.
5,000
2,000
10,000
10,000
5,000
3,000
13,000
15,000
5,000
7,000
3,000
1,000
5,000
&
S.
Ste.
&
S.
Ste.
5s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H.
N. Y., N. H. & H. 4s
No. Pacific 43^s
No. Pacific 6s
Old Colony 4s
Pennsylvania 4Hs
Pennsylvania 5s
Port. & Ogdens. 4^s
Portland Terminal 4s
Portland Terminal 5s
Washington Co. 3^3
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^3
Boston Elevated 5s
Eastern Mass. 4^s
Eastern Mass. 6s
$8,000
3,000
15,000
2,000
100
Par Value
$15,000
5,000
10,000
5,000
3,000
5,000
2,000
West
West
West
West
End 4s
End 4j^s
End 5s
End 6^3
Wore. Consolidated 4^3
Wore. Consolidated 5s
Wore. Consolidated 7s
Telephone Company Bonds
$20,000 Am. Tel. & Tel. Co. 4s
2,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$5,000 N. E. Power Co. 5s
Bank Stocks
Shs.
8 Eliot Nl. Bk., Boston, in liq.
42 First Nl. Bk., Boston
52 Atlantic Nl. Bk., Boston
3 Merchants Nl. Bk., Boston
15 Nl. Shawmut Bk., Boston
20 Nl. Union Bk., Boston
37 Second Nl. Bk., Boston
10 Web. & At. Nl. Bk., Boston
—
188
Number
Incorporated March 31, 1871.
Augustus
J.
D.
P.
ORANGE — ORANGE SAVINGS BANK
8,
Part
I.
of corporators, 41
George W. Andrews, Treasurer.
Fisher, President.
Harry C. Gates, Clerk
of the Corporation
of Trustees: G. W. Andrews, E. M. Buell,* E. J. Cadwell,* G. H. Carter, A. M. Cheney.t A .L.
Cooley, H. S. Dawley, A. J. Fisher, *t H. C. Gates, t E. E. Gridley, L. R. Hapgood, G. P. Harrington,
A. L. Johnson, S. J. Ten Broeck, F. T. Waters.
Board
Deposits draw interest from first business day of each month; dividends are payable February
August 1. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Bank
building
160,094 00
115,781 58
21,472 26
2,235,708 40
78,608 77
15,000 00
.
(est. val.,
....
725 00
.
due thereon)
Loans on personal security
.
$3,218,816 07
of de-
posits)
b. Profit and loss
Interest, less current expenses
40,575 00
16,000 00
Securities acquired for debts
Loans on real estate (less $3,500
.
Guaranty fund (4.97%
a.
and
1924
Deposits (6,749 accounts, average,
$476.93)
Surplus:
$366,455 63
555,563 75
122,863 60
10,000 00
37,985 00
1
$20,000)
insurance, etc., paid on
mortgaged properties
Due from banks and trust com-
Taxes,
1,577 91
.
31,279 49
panies
Cash and cash items
3,821 36
Total Assets
Total Liabilities
$3,516,163 91
$3,516,163 91
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$9,143.08
$600.00
paid for
$3,177.62
2.60
.17
.90
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $184,731.28.
.
$527.24
Other Expenses
$3,126.08
Rates on Investments and Loans (Average on
All,
Total
$16,574.02
4.71
3.64
.89
.15
5.36%)
l
$1,458,001; 6%, $777,707.
446 real estate loans, averaging $5,012.79 (average rate, 5.67%); b A%,
89 personal loans, averaging $883.24 (average rate, 5.90%); 5%, $7,930; 6%, $70,677.
Bonds, stocks, etc. (average rate on amount invested, 4.71%).
Number of loans not over $3,000 each, 366, amounting to $367,428.18.
46 real estate loans made during year, amounting to $167,900.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Feb., 1924,
Aug., 1924,
Number
of deposits during year, 6,210,
Number
of
Net
amounting
2M%
opened 392)
.
withdrawals during year, 4,504, amounting to (accounts closed 488)
increase in
*
Board
amount due depositors (accounts decreased
of
Investment.
.
.
$69,146 64
70,329 72
388,937 20
.
.
$528,413 56
453,758 09
2}4%
to (accounts
$74,655 47
96)
t Auditing
Committee.
—
P.
D.
8,
Part
189
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
$100 United States 4s
327,350 United States 4Ms
10,000 U. S. Treas. Notes
Par Value
$10,000 B., R. B. & Lynn
14,000 C, B. & Q. 4s
\Y%
\
1,000 Lynn 4s
1,000 Orange 4s
5,000 W. & S. Acton (W. D.)
Public Funds, Notes
$10,000 Erving 4^3
4,000 Erving 5^3
2,500 Orange 4^s
$10,000
46,000
45,000
37,000
16,000
5,000
5,000
15,000
10,000
& Southern 4s
& St. Paul 4s
Conn. River 4s
Delaware & Hudson 4s
Fitchburg 4s
Fitchburg 5s
5,000
45,000
10,000
35,000
43,000
5,000
10,000
15,000
11,000
32,000
Chi.. Ind.
Chi., Mil.
25,000
54,000
30,000
42,000
3,000
5,000
30,000
14,000
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Port. & Ogdcns. 43^s
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Lowell 4s
Boston & Maine 4s
Boston & Maine 4J^s
Central 4s
Illinois
Par Value
$15,000 Fitchburg & Leom. 7s
5,000 Mystic Valley 6s
7,000 West End 4s
1,000 West End 5s
5,000 Wore. «fe Southbridge
Minn., St. P.
&
$10,000 Boston Terminal 3J^s
Telephone Company Bonds
Ste.
S.
4s
St. L.
Peoria
& Nw.
5s
So. Pacific 4s
Washington Co.
4^s
Boston Terminal Co. Bonds
Maine Central 4J^s
Maine Central 5s
M.
2,000 Prescott 5s
7,000 Warwick 5s
2,500 Wendell 5s
4^s
$36,000 Am. Tel. & Tel. Co. 4s
6,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 N. B. G. & Ed. Lt. Co. 5s
26,000 N. E. Power Co. 5s
5,000 Old Colony Gas Co. 5s
3^s
Bank Stocks
Street Railway Bonds
$7,000 Boston Elevated 4s
34,000 Boston Elevated 4^3
20,000 Boston Elevated 5s
10,000 Boston Elevated 6s
25,000 Eastern Mass. 4^s
Shs.
Millers River Nl. Bk., Athol
Metropolitan Tr. Co., Boston
Orange Nl. Bk.
Third Nl. Bk., Springfield
6
16
100
20
PALMER — PALMER SAVINGS BANK
Branch
Offices:
1
Bridge Street, Three Rivers; Commercial Street, Thorndike;
Main Street, Bondsville
Incorporated
March
4, 1870.
Number
of corporators, 56
Freeman A. Smith,
Roscius C. Newell, President.
Charles A. Tabor, Clerk of the Corporation.
Treasurer.
Marie V. Dullahan, Assistant Treasurer.
Board of Trustees: R. E. Cummings, R. E. Faulkner,* C. E. Fuller, W. C. Hitchcock, f E. E. Hobson,*
G. S. Holden, L. R. Holden, H. M. Howe, R. C. Newell,* T. A. Norman, A. B. Rathbone, C. F.
Smith,* W. E. Stone,*'t C. A. Tabor, E. B. Taylor.f C. L. Waid.
Deposits draw interest from first day of each month; dividends are payable January 1 and July 1. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Fridays, 7 to 8.30 p.m.
Branch
offices open Friday evenings for deposits only: Three Rivers, 6 to 7.30 p.m.; Thorndike, 6.30 to 7.30
p.m.; Bondsville, 4.30 to 6.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $9,207.60)
....
due thereon)
Loans on personal security
Bank building (est. val, $25,000)
Due from banks and trust com
panies
Cash and cash items
Total Assets
*
Board
1924
Liabilities
$861,863
741,144
39,175
79,887
59
20
00
50
10,900 00
170 00
Deposits (9,528 accounts, average,
$507.86)
Christmas and other club deposits
Surplus:
.
a.
Guaranty fund
posits)
3,261,137 40
256,190 89
6,409 49
169,791 23
15,467 53
expenses
Discount unearned
Other liabilities
(5%
$4,838,900 67
86,548 00
of de-
....
....
....
Profit and loss
Interest, rents, etc.,
b.
$5,442,136 83
of Investment.
31,
less
Total Liabilities
t Auditing
246,127 08
234,168 74
current
33,411 64
2,936 41
44 29
$5,442,136 83
Committee.
190
P.
D.
8,
Part
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$12,188.83 $1,200.00
$636.75
2.24
.84
.22
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $274,620.52.
.12
paid for
$4,557.44
.
Rates on Investments and Loans (Average on
Other Expenses
$5,891.19
Total
$24,474.21
4.50
3.44
1.08
All,
5.25%)
/
1,003 real estate loans, averaging $3,251.38 (average rate, 5.55%); b l 2 %, $2,928,614; 6%, $332,523.
114 personal loans, averaging $2,247.29 (average rate, 4.92%); 4%, $25,000; 434%, $25,000; 4J^%,
$75,000; 5%, $27,480; o\i%, $25,000; b]/2 %, $47,606; 6%, $31,104.
Bonds, stocks, etc. (average rate on amount invested, 4.74%).
Number of loans not over $3,000 each, 771, amounting to $1,956,995.89.
162 real estate loans made during year, amounting to $576,930.
Dividends, Deposits and Withdrawals
2H%
2H%
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
Net
$100,461 85
105,030 55
1,109,964 36
during year, 15,810, amounting to (accounts opened 1,315)
$1,315,456 76
1,086,938 85
withdrawals during year, 7,696, amounting to (accounts closed 1,125)
increase in
amount due depositors (accounts increased
190)
$228,517 91
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Treas. Bonds 4Ms
Treas. Notes 4^9
Treas. Notes 4Hs
Treas. Notes 4%s
United States 4Ms
Boston 4s
15,000 Cambridge 4s
10,000 Cleveland O., 4J^s
10,000 Dayton, O., 5s
2,000 Detroit, Mich., 5Ms
7,000 Everett 4s
20,000 Kansas Citv, Mo., 4J^s
10,000 Omaha, Neb., 4^s
2,000 Quincy 4s
1,000 San Francisco Cal., 5s
10,000 Seattle, Wash., 4J^s
4,000 Toledo, O., 6s
$70,000
24,000
30,000
70,000
563,200
31,000
U.
U.
U.
U.
S.
S.
S.
S.
Public Funds, Notes
$3,000 Palmer (F. D.) 6s
1,800 Three Rivers (F. D.) 4J^s
1,500 Three Rivers (F. D.) 5s
Railroad Bonds
$25,000 Atch., Top. & S. Fe 4s
20,000 Baltimore & Ohio 5s
Par Value
$25,000 Beech Creek 4s
33,000 Boston & Albany 5s
10,000 Boston & Lowell 4J^s
15,000 Boston & Maine 4J^s
4,500 Boston & Maine 6s
45,000
15,000
35,000
35,000
20,000
15,000
20,000
35,000
50,000
15,000
35,000
20,000
25,000
15,000
10,000
20,000
10,000
25,000
10.000
10,000
20,000
30,000
C,
B.
&
Par Value
$25,000
30,000
9,000
25,000
35,000
10,000
Q. 4s
Chi., Mil.
Chi., Mil.
&
&
Port. & Ogdens. 4J4s
Portland Terminal 4s
Spokane Falls & No. 6s
St. L., Peoria & Nw. 5s
Minn. & Man.
Vermont Valley 4J^s
St. P.,
6s
St. P. 43^s
St. Paul 5s
Chi.,St.P.,Minn.&0.6s
Fitchburg 5s
& Mo. Val.
Hutchinson & So. 5s
Fre., Elk.
6s
Illinois Central 3s
Illinois Central 4s
Iowa 4s
Ind., Illinois
Street Railway Bonds
Boston Elevated 4J^s
Boston Elevated 5s
Eastern Mass. 4^3
$10,000
10,000
10,000
10,000
West End
5s
&
Louis.
Louis.
&
&
Nash. 5s
Nash. 6s
Mich.C.-Det.&B.City5s
Lake Shore & W. 5s
Mil.,
Minn., St. P.
&
S.
M. 5s
Montana Central
Ste.
5s
Nash., Flor. & Shef. 5s
N. Y. C. & H. R. 4s
N. Y..N.H. &H. 4s
No. Maine Seaport 5s
Pennsvlvania 4^3
Pennsvlvania 5s
Telephone Company Bonds
$30,000 Am. Tel. & Tel. Co. 4s
35,000 Am. Tel. & Tel. Co. 5s
20,000 N. E. Tel. & Tel. Co. 5s
Bank Stocks
Shs.
11 Monson Nl. Bk.
98 Palmer Nl. Bk.
PEABODY — WARREN FIVE CENTS SAVINGS BANK
Incorporated April 28, 1854.
Arthur F. Poole, President.
George R. Underwood, Clerk of
the Corporation.
Number
of corporators,
43
Abbott B. Galloupe, Treasurer.
Harry G. Griffen, Assistant Treasurer.
E. P. Barrett, C. S. Batchelder, C. L. Beckett, F. W. Bushby,* G. S. Curtis, S. H.
Donnell.f H. K. Foster, A. B. Galloupe, W. H. Hill, W. D. King, J. A. Lord, A. H. Merrill, P. H.
O'Conor, A. F. Poole,* Alonzo Raddin, W. F. Sawyer,*! G. E. Spaulding,* H. K. Spaulding, J. J.
Thorndike,* G. R. Underwood, f H. F. Whidden.
Board
of Trustees:
Deposits draw interest from the fifteenth day of February, May, August and November; dividends are
payable May 15 and November 15. Business hours: 8.30 a.m. to 1.15 p.m.; also Saturdays, 7 to
9 p.m., for deposits only: during June, July, August and September, close Saturdays at 12.15.
*
Board
of
Investment.
t Auditing
Committee.
—
P.
D.
8,
Part
191
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $43,300
due thereon)
Loans on personal security
....
Bank building (est.
Taxes, insurance,
val.,
1924
$75,000)
paid on
$1,064,313
1,341,777
219,490
3,360
149,643
62
75
00
00
75
....
....
Deposits (11,164 accounts, average
$677.94)
Surplus:
Guaranty fund (448%
a.
posits)
6. Profit and loss
Interest, less current expenses
.
304,637 50
102,045 00
Discount unearned
$7,568,622 70
of de
335,357 74
270,214 34
194.861 03
1,628 65
.
4,145,094 00
941,715 50
29,500 00
etc.,
mortgaged properties
1,063 32
...
Suspense account
.
1
00
Due from banks and trust com
58,691 28
9,351 74
panies
Cash and cash items
Total Assets
.
$8,370,684 46
Total Liabilities
$8,370,684 46
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
$16,582.64 $2,500.00
paid for
$13,033.37
1.98
.30
1.56
Cost per $1,000 of assets
Cost per SI, 000 of assets not including State tax and rent
Gross income received during the year, $430,506.79.
.
Advertising
$935.48
.11
Rates on Investments and Loans (Average on
802
real estate loans,
averaging $5,168.44 (average rate, 5.98%);
All,
5%,
Other Expenses
Total
$9,052.87
$42,104.36
1.08
5.03
3.17
5.55%)
$28,000;
$4,052,094.
78 personal loans, averaging $12,073.27 (average rate, 5.02%); \\i%, $25,000;
$100,000; 5%, $485,000; b%%, $200,000: b]/2 %, $81,126; 6%, $590.
Bonds, stocks, etc. (average rate on amount invested, 5.15%).
Number of loans not over $3,000 each, 503, amounting to $776,804.50.
143 real estate loans made during year, amounting to $1,097,050.
5H%. $65,000; 6%,
4^%, $50,000; 4%%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits
Number
of
1924,
2J^%
2V2 %
during year, 31,317, amounting to (accounts opened 1,934)
withdrawals during year, 10,010, amounting to (accounts closed 1,478)
Net increase
in
amount due depositors (accounts increased 456)
$160,142 82
170,716 81
1,834,044 44
$2,164,904 07
1,388,892 24
776,011 83
—
P. D.
192
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Par Value
$10,000 Cleveland & Pitts. 43^9
20,000 Conn. & Pass. Rivers 4s
42,000 Delaware & Hudson 4s
8,000 Dex. & Piscataquis 4s
45,000 Fitchburg 4s
5,000 Lake Sh. & Mich. So. 4s
25,000 Louis. & Nash. 5s
95,000 Louis. & Nash. 6s
Public Funds, Bonds
Tar Value
$641,000 United States 434s
25,000 Boston 4s
3,000
1,000
5,000
20,000
18,000
Boston 5s
Brockton 4s
Chelsea 33^s
Cleveland, O.,
4Hs
Davton, O., 5s
is 000 Fall River 4%s
21,000 Flint, Mich., 5s
22,000 Gloucester 5s
22,000 Lima, O., 6s
10,000 Lorain, O., 6s
50,000 Los Angeles, Cal., 4 2 s
15,000 Los Angeles, Cal., 6s
48,000 New Bedford 4s
8,000 N. Britain, Conn., 4349
20,000 Omaha, Neb., 43-^s
24,000 Peabody 4s
10,000 Portland, Ore., 4349
3,000 Reading 5s
30,000 Seattle, Wash., 434s
10,000 Stamford, Ct., 43^9
30,000 Superior Wis., 43^9
27,000 Warwick, R. L, 4^9
8,000 V.Buren,Me.(W.D.),4s
V
Railroad Bonds
$10,000 Alabama Mid. 5s
70,000 Atch., Top.& S. Fe 4s
25,000 Baltimore & Ohio 434s
10,000 Baltimore & Ohio 5s
35,000 Bangor & Aroostook 5s
10,000 Boston & Albany 33^9
15,000 Boston & Albany 4s
33,000 Boston & Albany 5s
40,000 Boston & Maine 43^9
32,000 Chi., Mil. & St. P. 43^9
25,000 Chi., Mil. & St. Paul 5s
37,000 Chi. & Northwestern 5s
30,000 Chi. & Northwestern 6s
46,000 Chi., St. P., M. & O. 6s
18,000 Clearfield & Jefferson 6s
PITTSFIELD
$25,000 West
15,000 West
80,000 West
Incorporated February 2, 1846.
Boston Terminal Co. Bonds
$4,000 Boston Terminal 334s
COUNTY SAVINGS BANK t
Number
of corporators, 51
William L. Adam, Treasurer.
Fred T. Francis, Assistant Treasurer.
^^^Jf
the Corporation.
BoartofTru^,: W. L Adag* £
L.
Bacon
STATEMENT OF CONDITION, OCTOBER
Telephone company bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $76,550
.
.
Bank building {est. val,
Due from banks and
panies
Cash and cash items
Total Assets
*
%
$250,000)
'ffififStt'lS
31,
1924
Liabilities
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
due thereon)
Loans on personal security
End 43^9
End 5s
End 634s
Telephone Company Bonds
48,000 Maine Central 43^s
$149,000 Am. Tel. & Tel. Co. 5s
25,000 Mich. Cent.- Mich. Air
Line 4s
4,000 N. E. Tel. & Tel. Co. 5s
25,000 Mil., Lake Shore & W. 5s
4s
N.
W.
15,000 Mil. Sparta &
Gas, Electric and Water Com105,000 Minn., St. P. & S. Ste.
pany Bonds
M. 4s
$5,000 Brockton Gas Lt. Co. 5s
10,000 Minn., St. P. & S. Ste.
M. 5s
5,000 Hingham Water Co. 5s
28,000 Mobile & Ohio 6s
10,000 Marlb. -Hudson Gas Co.
5s
Central
53^9
12,000 Montana
55,000 N.B.G.&Ed.Lt.Co. 5s
17,000 Montana Central 6s
20,000 New England 5s
20,000 Newb'vp't Gas & Elec.
Co. 5s
39,000 N. Y., C. & H. R. 4s
95,000 N. E. Power Co. 5s
25,000 N. Y. & N. E. Term. 4s
10,000 Old Colony Gas Co. 5s
50,000 N. Y., N. H. & H. 4s
15,000 Quincy E. Lt. & P. Co. 5s
15,000 No. Pacific 434s
20,000 Old Colony 4s
70,000 Turners Falls P. & El.
Co. 5s
47,000 Old Colony 5Ms
35,000 Pennsylvania 43^9
21,500 Wore, Gas Lt. Co. 534s
10,000 Pennsylvania 5s
15,000 Phila., Bait. & Wash. 5s
Bank Stocks
35,000 Ports., Gt. F. & C. 43^9
Shs.
5,000 St. J.&L.C. 5s
Nl. Bk., Boston, in liq.
Eliot
50
5s
Nw.
Peoria
&
52,000 St. L.,
330 First Nl. Bk., Boston
12,000 St. P., Minn. & Man. 4s
Nl. Bk., Boston
Atlantic
143
43^s
Man.
25,000 St. P., M. &
100 Merchants Nl. Bk., Boston
8,000 St. P., Minn. & Man. 6s
Nl. Bk., Boston
Vernon
Mt.
22
43^s
Valley
35,000 Vermont
in liq.
15,000 Wilmar & Sioux Falls 5s
Boston
Bk.,
Nl.
Second
18
4s
Roch.
20,000 Wore. Nash., &
200 Nl. Shawmut Bk., Boston
97 Web. & Atlas Nl. Bk., Boston
Street Railway Bonds
48 Nl. Grand Bk., Marblehead
80 Warren Nl. Bk., Peabody
$91,000 Boston Elevated 43^9
11 Merchants Nl. Bk., Salem
10,000 Lynn & Boston 6s
— BERKSHIRE
Arthur H. Rice, President.
William A. Whittlesey, Clerk of
Par Value
$1,079,698
1,150,334
565,450
228,733
1,174,847
1,500
18
45
00
75
00
00
Deposits (24,786 accounts, aver$13,264,162 51
..
age, $535.15)
24,682 50
Christmas and other club deposits
Surplus:
.
Guaranty fund {4.97%
o.
of de-
661,100 00
166,272 43
posits)
Profit and loss
Interest, rents, etc.,
b.
9,031,725 00
624,918 58
229,724 59
•
.
.
less
current
100,943 08
expenses
trust cor
105,711 08
24,167 89
$14,217,160 52
Total Liabilities
Board of Investment.
For statement of Life Insurance Department,
t Auditing
see index.
.
$14,217,160 52
Committee.
P. D.
Part
8,
193
I.
Total Expenses for the Year, including State Taxes
Advertising
Rent
Salaries
State Tax (Net)
§9,949.56
§29,220.25 $10,575.00
S13.118.46
paid for
.71
.74
2.06
.92
Cost per 81,000 of assets
Cost per SI, 000 of assets not including State tax and rent
Gross income received during the year. §782,047.59.
Amount
.
.
Rates on Investments and Loans (Average on
2,084 real estate loans,
averaging §4,333.84 (average rate, 5.49%);
Other Expenses
$13,610.72
All,
Total
5,473.99
5.39
3.73
.96
5.63%)
5%, §255,000;
5V2 %,
$8,634,225;
6%%
$520,687.
234 peltwaUoans, averaging §2,670.59 (average rate, 5.83%); 5%, §104,232; 6%,
Bonds, stocks, etc. (average rate on amount invested, o.91%).
Number of loans not over §3,000 each, 1,552, amounting to_S2,o4/,803.o8.
441 real estate loans made during year, amounting to §1,837,100.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 47,789,
Number
of
2%%
2M%
July, 1924,
to (accounts
amounting
§270,258 56
z»z,4<5» 6Z
opened 4,560)
.
withdrawals during year, 20,335, amounting to (accounts closed 2,741)
Net increase
in
amount due depositors (accounts increased
3,191,897 33
.
$3,744,594 21
2,912,916 51
S831.677 70
1,819)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 U. S. Treas. Notes 4^s
890,000 United States 434s
68,000 Pittsfield
4^s
Public Funds, Notes
$10,000 Berkshire Co. 43^s
7,000 Pittsfield 4J^s
5,000 Hancock 5s
1,180
3,000
2,000
25,800
5,000
4,200
Lanesborough 4Hs
Monterey 5s
Peru 5s
Dalton (F. D.) 4s
Gt.Barrington(F.D.)4s
7,000
lr.OOO
Richmond 4Ms
Richmond 5s
Gt. Barrington (F. D.)
4Ms
& Mo.
Shs.
Central 4s
& Mich. So. 4s
N. Y., X. H. & H. 334s
No. Maine Seaport 5s
Illinois
Lake Sh.
No.
No.
Old
Old
Pacific 5s
Pacific 6s
Val. 6s
Offices:
Hoosac Valley 7s
Pittsfield Elec. 7s
Am. Tel. & Tel. Co.
Am. Tel. & Tel. Co.
Bank Stocks
4s
5s
Sh.-
105 Greylock Nl. Bk., Adams
300 American Trust Co., Boston
143 Eliot Nl. Bk., Boston, inliq.
1,000 First Nl. Bk., Boston
300 Atlantic Nl. Bk., Boston
— CITY
101
Shawmut
Bk., Boston
Union Bk., Boston
500 Old Colony Tr. Co., Boston
500 Second Nl. Bk.. Boston
Web. <fc At. Nl. Bk., Boston
Nl. Mahaiwe Bk., Gt. Bar.
Safety Fund, Fitchburg
First Nl. Bk., Greenfield
Hadley Falls Nl. Bk., Hoiyoke, in liq.
50 Hadley Falls Trust Co.,
Holy ok e
Street Railway Bonds
Boston Elevated 5s
Boston Elevated 6s
Eastern Mass. 6s
100,000
50,000
28,500
150,000
243,000
600 Mer. Nl. Bk., Boston
1,000 Nl.
200 Nl.
122
10
25
100
24
Colony 4s
Colony 53^s
Telephone Company Bonds
PITTSFIELD
Branch
§160,000
25,000
242,000
300,000
25,000
50,000
61,000
30,000
S100.000
150,000
Railroad Bonds
$100,000 Baltimore & Ohio 3Hs
50,000 Baltimore & Ohio 4^s
75,000 Bangor & Aroostook 5s
11,000 Boston & Maine 6s
25,000 Chi. & Northw. 3Ms
50,000 Fre., Elk.
Par Value
200
100
167
100
400
343
312
Holyoke Nl. Bk.
Lee Nl. Bk.
North Adams Nl. Bk.
Agric. Nl. Bk., Pittsfield
Berks. L. & T. Co., Pitts.
Pittsfield Nl.
Bk.
Third Nl. Bk., Pittsfield
100 Chapin Nl. Bk., Springf'd
375 Chicopee Nl. Bk., Springf'd
350 Springfield Nl. Bk.
150 Third Nl. Bk., Springfield
20 Housatonic Nl. Bk., Stockbridge
500 Mer. Nl. Bk., Worcester
SAVINGS BANK OF PITTSFIELD |
Woodlawn Avenue,
Incorporated April 13, 1893.
Pittsfield;
Number
Union Block, Dalton
of corporators,
52
Clifford F. Martin, Treasurer.
Edward T. Heaphy, Assistant Treasurer.
Clement F. Coogan, President.
J. Fred Kahl, Clerk of the Corporation.
Jr., Z. M. Crane, W. H. Eaton, H. C. Ford, D. J.
of Trustees: C. F. Coogan,*, W. M. Crane,
T
C. Kellogg, C. R. Kinney, K. B. Miller, G. A. Newman,
Gimlich,* Joseph Insull, J. F. Kahl.t
T
Pease, t H. R. Peirson, A. W. Plumb, C. W. Power, L. G. Robbins,* J. R. Savery, C. F.
G.
Sawyer, G. H. Southard, Jr.,*t J. W. Synan, G. H. Tucker,* Philip Weston, C. H. Wilson, E. P.
Board
W
W
.
.
Wood.
Deposits draw interest from tenth day of each month; dividends are payable January 10 and July 10.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m., 7 to 8.30 p.m.
Woodlawn Ave.
branch, 12 m. to 3 p.m.; Dalton branch, 2 to 4 p.m.; Thursdays, 4 to 7 p.m.
*
X
Board of Investment.
t Auditing Committee.
For statement of Life Insurance Department, see index.
194
P. D. 8, Part
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
236,000
99,775
423,650
8,000
Securities acquired for debts
....
Loans on real estate (less $37,000
due thereon)
'Loans on personal security
....
mortgaged properties
Other assets
Christmas and other club deposits
Surplus:
—
posits)
Profit and loss
Interest, rents, etc.,
$7,534,909 04
51,092 25
de-
204,000 00
194,210 08
current
less
expenses and taxes
Discount unearned
00
1
.
....
....
....
Guaranty fund {2.69% of
a.
5,253,913 30
505,0(12. 33
225,000 00
23,266 16
2,024 16
884 98
.
trust
W5.76)
00
00
00
00
b.
Bank building (est. vol., $350,000)
Furniture and fixtures
Taxes, insurance, etc., paid on
Due from banks and
Liabilities
Deposits (16,904 accounts, average,
$44,000 00
1,082,156 50
Telephone company bonds
Bank and trust company stocks
I.
1924
31,
1,899 87
com
panies
73,529 08
55,629 63
Cash and cash items
Total Assets
$8,009,501 69
Total Liabilities
$8,009,501 69
Total Expenses for the year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
paid for
$11,509.46
$23,689.21 $6,650.00
Cost per $1 ,000 of assets
1 44
2 96
Cost per $1,000 of assets not including State tax and rent
.Gross income received during the year, $438,319.29.
.
.
averaging $6,542.85 (average fate, 5.93%);
5%,
All,
Total
$24,107 33
3.00
•58
Rates on Investments and Loans (Average on
'80S real estate loans,
Other Expenses
$4,617.79
.
$70 573 79
8^81
6.54
'
5.63%)
514%, $345,452; 6%,
$200,000;
$4,708,461.
283 personal loans, averaging $1,784.67 (average rate, 5.76%); 5%, $119,488; 6%, $385,574.
Bonds, stocks, etc. (average rate on amount invested, 4.79%).
Number
of loans not over $3,000 each, 635, amounting to $789,167.30.
169 real estate loans made during year, amounting to $2,136,350.
Dividends, Deposits and Withdrawals
'Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 50,843,
Number
of
Net
2\i%
$150,966 37
159,607 26
2,459,766 63
2M%
July, 1924,
to (accounts opened 3,245)
amounting
$2,770,340 26
2,234,712 56
withdrawals during year, 21,341, amounting to (accounts closed 2,301)
increase in
amount due depositors (accounts increased 937)
$535,627 70
SCHEDULE OF SECURITIES OWNED
Public Funds, Notes
Par Value
Par Value
$10,000 Fitchburg
$20,000 Berkshire Co. 4J^s
16,000 Hinsdale 5s
8,000 Lanesboro 5s
Railroad Bonds
$20,000 Atch., Top. & S. Fe 4s
70,000 Baltimore & Ohio 4s
80,000 Baltimore & Ohio 4Ms
40,000 Baltimore & Ohio 5s
56,000 Bangor & Aroostook 5s
10,000 Boston & Albany 5s
26,000 Boston & Maine 4s
24,000 Boston & Maine 4^s
2,000 Boston & Maine 6s
25,000 Chi., Mil.
146,000 Chi., Mil.
55,000 Chi., Mil.
&
&
&
15,000 Fitchburg 4s
St. P. 4s
St. P.
St. Paul 5s
4^s
5,000
30,000
60,000
10,000
48,000
25,000
40,000
10,000
50,000
20,000
55,000
15,000
200,000
4^s
Holyoke& Westf'ld 4^3
Central 3^s
Central 4s
Louis. Cinn. & Lex. 4^9
30,000 West
End
5s
Illinois
Illinois
Louis. & Nash. 5s
Mich. Cent.-D.& B.C. 5s
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 4^s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 6s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4Hs
Boston Elevated 5s
Eastern Mass. 4^3
$40,000
51,000
10,000
110,000
Par Value
$10,000 Hoosac Valley 7s
Telephone Company Bonds
$100,000 N. E. Tel.
&
Tel. Co. 5a
Bank Stocks
Shs.
50 Beacon Trust Co., Boston
20 Berk. L. & Tr. Co., Pittsfield
517 First Nl. Bk., Boston
325 Nl. Shawmut Bk., Boston
100 Old Colonv Tr. Co., Boston
75 State St. Trust Co., Boston
300 U. S. Tr. Co., Boston
7 Agricul.Nl. Bk., Pittsfield
10 Third Nl. Bk., Pittsfield
—
P. D.
8,
Part
I.
Incorporated June 11, 1828.
Edward
Roger
195
PLYMOUTH — PLYMOUTH SAVINGS BANK
Number
28
of corporators,
John Russell, Treasurer.
E. Hobart, President.
Allen Danforth Russell, Assistant Treasurer.
S. Kellen, Clerk of the Corporation.
Board of Trustees: E. R. Belcher.t A. E. Blackmer,* W. G. Brown, A. S. Burbank, Morton Collingwood,
H.B. Davis,* O. L. Edes, G. L. Gooding,* F. J. Heavens, E. E. Hobart, F. C. Holmes, R. S. Kellen,
W. S. Kyle.t Arthur Lord, L. B. Reed,* A. P. Richards.f A. D. Russell, John Russell,*
Deposits draw interest from
first business day of January, April, July and October; dividends are payable
January 5 and July 5. Business hours: 9 a.m. to 3 p.m.
STATEMENT OF CONDITION, OCTOBER
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$70,000 00
1,446,803 06
261,729 45
8,455 00
62,122 70
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
.
Bank
building
(est. vol.,
297,437
269,858
1,130,123
174,086
25,000
$77,000)
Real estate by foreclosure,
1924
31,
Assets
50
00
Deposits (6,757 accounts, average,
8496.33)
Surplus:
Guaranty fund (5.02%
a.
$3,353 687 27
of de-
....
posits)
b. Profit and loss
Interest, rents, etc.,
168,220 34
174,767 55
current
less
expenses
77,667 25
41
00
00
etc. (as
6,879 65
sessed value, $3,477)
Due from banks and
trust
com
16,236 30
5,611 34
panies
Cash and cash items
Total Assets
Total Liabilities
$3,774,342 41
$3,774,342 41
Total Expenses for the Year, including State Taxes
(State
Amount
Tax Net)
Salaries
Rent
Advertising
-
paid for
$10,855.34
$8,335.04 $1,500.00
2.88
2.21
Cost per $1,000 of assets
.40
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $220,427.99.
.
Rates on Investments and Loans (Average on
459
19
real estate loans,
personal loans,
All,
Other Expenses
Total
$1,742.74
$22,433.12
.46
5.95
2.67
5.98%)
averaging $2,462.14 (average rate, 6%); 6%, $1,130,123.
X
averaging $9,162.42 (average rate, 5.13%); \ A%,
$25,000;
bY2 %,
5%,
$25,000;
534%,
$19,085.
(average rate on amount invested, 6.03%).
Number of loans not over $3,000 each, 355, amounting to $486,393.
93 real estate loans made during year, amounting to $237,450.
$105,000:
Bonds,
stocks, etc.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2^%
%
Number
of
.
withdrawals during year, 4,540, amounting to (accounts closed 577)
Net increase
*
in
Board
amount due depositors (accounts decreased
of
Investment.
$78,257
79,819
7,825
477,645
....
July, 1924, 2}/2
Jan., 1924, 34%
Extra dividends declared during year,
Number of deposits during year, 5,355, amounting to (accounts opened 509)
.
.
.
.
64
80
76
31
$643,548 51
553,103 41
$90,445 10
68)
t Auditing
Committee.
—
P. D.
196
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 Boston 4s
20,000 Brockton 4J^s
$70,000
25,000
65,000
30,000
25,000
125,000
50,000
5'), 000
20,000
10,000
73,780
30,000
.
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4 £s
Bangor A: Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Maine 6s
Charles. & Savannah 7s
Chi., Mil. <fc Puget So. 4s
$50,000
50,000
24,000
20,000
20,000
11,000
50,000
50,000
65,000
80,000
18,000
50,000
46,000
5,000
125,000
7,000
131,000
25,000
25,000
]
& St. Paul
& Northwestern
Chi., & Northw. 6s
Chi., R. I. & Pac. 4s
Chi., Mil.
Chi.
N
N
N
N
&
&
St. P.,
St. P.,
Minn.,
Minn.,
& Man.
& Man.
$13,000
110,000
43,000
30,000
50,000
20,000
& Mo.
Val. 6s
Illinois Central 4s
Louisville & Nash. 5>£s
Louisville & Nash. 6s
Maine Central 5s
Minn., St. P. & S. Ste.
M. 4s
50,000 Mobile & Ohio 6s
10,000 Montana Central 6s
58,000 Nash., Flor. & Shef. 5s
Par Value
$50,000 Lawrence Gas Co. 7s
25,000 N.B.Gas&Ed.Lt. Co.7s
55,000 N. E. Power Co. 5s
25,000 Newb'p't Gas & Elec.
Co. 5s
73,000 Turners Falls P.
& E.
Co. 5s
30,000 Wore. Gas Lt. Co. 5^s
50,000 Wore. Gas Lt. Co. 6s
4s
6s
Bank Stocks
Shs.
7
228
811
West End 6s
West End 6^s
West End 7s
100
270
160
Boston Terminal Co. Bonds
$10,000 Boston Terminal
250
18
3Hs
278
384
200
Telephone Company Bonds
$48,000 Am. Tel. & Tel. Co. 4s
20,000 N. E. Tel. & Tel. Co. 5s
171
Abington X!. Bk.
Mer. Nl. Bk., Boston
Nl. Shawmut Bk., Boston
Nl. Union Bk., Boston
Second Nl. Bk., Boston
Brockton Nl. Bk.
Home Nl. Bk., Brockton
Union Nl. Bk., Lowell
Old Col. Nl. Bk., Plvmouth
Plvmouth Nl. Bk.
Third Nl. Bk., Sprinefield
Bristol Co. Nl. Bk., Taunton,
in liq.
PLYMOUTH — PLYMOUTH
BANK
FIVE CENTS SAVINGS
BRANCH OFFICE — 318 COURT STREET
Incorporated April
6,
1855.
Number
Horace M. Saunders, President.
Earl W. Gooding, Clerk of the Corporation.
Com-
pany Bonds
H. R. 4s
H. R. 5s
V., \. H. & H. 3^s
Y., N. H. &H. 4s
Norfolk & Western 6s
No. Pacific 6s
Old Colonv 53^s
Pitts., Mc'K. & Y. 6s
Portland Terminal 4s
Portland Terminal 5s
Y. C.
Y. C.
Street Railway Bonds
Boston Elevated 4 Ms
Boston Elevated 5s
Boston Elevated 6s
os
5s
Chi.,St.P.,Minn.&0.6s
Fre., Elk.
Gas, Electric and Water
Par Value
of corporators, 37
William
W.
Brewster, Treasurer.
Assistant Treasurer.
Henry W. Barnes,
Board of Trustees: LeB. R. Barker, H. W. Barnes, H. W. Bartlett,*t G. V. Bennett, W. W. Brewster,*
R. A. Brown, E. L. Burgess, F. H. Carver, S. A. Chapman, W. T. Eldridge,* B. W. Gooding, E. W.
Gooding, E. C. Holmes,* G. B. Howland,* A. L. Mellor, J. S. Robbins.t H. M. Saunders^ C. H
Sherman, H. R. Talbot, J. B. Washburn, C. C. Wood.
Deposits draw interest from the fifteenth day of each month; dividends are payable January 15 and
Branch office open from
July 15. Business hours: 9 a.m. to 3 p.m.; also Saturdays, 7 to 8 p.m.
2 to 4 p.m., except Tuesdays, also Wednesdays and Saturdays from 7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $3,500
due thereon)
Loans on personal security
.
.
Bank
building (est. val, $45,000)
Taxes, insurance, etc., paid on
mortgaged properties
.
Other assets
Due from banks and trust companies
Cash and cash items
Total Assets
*
Board
....
of
Investment.
31,
1924
Liabilities
$337,774 00
1,094,760
127,958
16,825
3,515
45
00
00
00
Deposits (10,802 accounts, average,
$370.68)
Christmas and other club deposits
a.
Guaranty fund (4.85%
$4,004,184 92
81,980 50
of de-
....
posits)
366,900 00
55,600 00
.
Surplus:
198,332 05
75,722 07
61,749 92
Profit and loss
Interest, less current expenses
b.
2,143,273 76
188,158 00
35,749 08
54 16
406 54
40,519 29
10,476 18
$4,421,969 46
Total Liabilities
t
$4,421,969 46
Auditing Committee.
P. D.
Part
8,
197
I,
Total Expenses for the Year, including State Taxes
Tax
State
(Net)
Rent
Salaries
Advertising
§12,916.26 $925.00
$7,824.50
Amount paid for
2.92
.21
1.77
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $236,107.26.
$374.57
.
Other Expenses
$5,736.84
Rates on Investments and Loans (Average on
Total
$27,777.17
6.28
4.30
1.30
.08
All,
5.53%)
870 real estate loans, averaging $2,463.53 (average rate, 6%); 6%, $2,143,274.
52 personal loans, averaging $3,618.44 (average rate, 4.27%); 3%, $75,000; 4^%, $35,000; 5%, $8,568;
5^%, $42,490; 6%, $2,100.
(average rate on amount invested, 5.14%).
amounting to $693,944.
147 real estate loans made during year, amounting to $441,825.
534%, $25,000;
Bonds,
stocks, etc.
Number
of loans not over $3,000 each, 645,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan
Number
x
1924, 2 /i%
July, 1924,
of deposits during year, 15,117, amounting to (accounts opened 1,112)
$81,596 92
84,675 21
944,494 92
Number
of
withdrawals during year, 8,374, amounting to (accounts closed 787)
$1,110,767 05
885,314 85
Net increase
,
2M%
.
amount due depositors (accounts increased 325)
in
$225,452 20
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$11,000 United States 434 s
17,000 Oregon 5^s
6,000
31,000
25,000
5,000
10,000
6,000
5,000
55,000
24,000
25,000
35,000
49,000
26,000
5,000
Chatham
Par Value
$52,000 Carthage
4s
Akron, O., 5s
Canton, O., 6s
Cleveland, O., 5s
Cleveland, O., 53^s
Detroit, Mich., 5s
Detroit, Mich., 5J^s
Flint, Mich., 5s
Lima, O., 6s
Los Angeles, Cal.,4%3
Los Angeles, Cal., 5s
Portsmouth, O., 5Ms
San Fran., Cal., 4^3
Wash., 4^3
Seattle,
Public Funds, Notes
$4,500 Plympton, 6s
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4J^s
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany 3jHJs
11,000 Boston & Albany 4s
30,000 Boston & Maine 4s
30,000 Boston & Maine 4^s
$75,000
34,000
21,000
20,000
69,000
10,000
21,000
50,000
10,000
85,000
30,000
6,000
50,000
65,000
6,000
10,000
50,000
30,000
16,000
25,000
10,000
24,000
5,000
75,000
10,000
13,000
30,000
57,000
30,000
75,000
10,000
9,000
25,000
Par Value
& Adiron. 4s
Central of Georgia 5s
$53,000
20,000
3,000
10,000
Chi., Mil. & St. Paul 4a
Chi., Mil. & St. P. 4Hs
Chi., Mil. & St. Paul 5s
Wheel. 5s
Cleve., Lor.
&
& Pasump. 4s
& Hudson 4^3
Fitchburg 4^3
Fre., Elk. & Mo. Val. 6s
$20,000 Boston Terminal
Gas, Electric and Water
,
& W. 5s
& N. W.
Montana Central
3^3
Com-
pany Bonds
$50,000
7,000
3,000
50,000
4s
Char. Gas.
&
El.
Co. 5s
Lawrence Gas Co. 7s
N. B. G. & Ed. Lt. Co. 6s
Newb'p't Gas & Elec.
Co. 5s
153,000 N. E. Power Co. 5s
48,000 Pittsfield Elec. Co. 6s
75,000 Turners Falls P & E. 5s
5s
Nash., Chat. & St. L. 5s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
N. Y. N. H. & H. 4s
No. Maine Seaport 5s
Northern Pacific 5s
Old Colony 4s
Pennsylvania 4Ms
(
Street Railway
Bank Stocks
Shs.
120
150
15
120
76
55
20
Bonds
$16,000 Boston Elevated 4s
36,000 Boston Elevated 4^s
First Nl. Bk.,
Boston
Shawmut
Bk., Boston
Nl. Bk., Boston
Brockton Nl. Bk.
O. Col. Nl. Bk., Plymouth
Plymouth Nl. Bk.
Third Nl. Bk., Springfield
Nl.
Web. & At.
PROVINCETOWN — SEAMEN'S SAVINGS BANK
Incorporated April 14, 1851.
George F. Miller, President.
Myrick C. Atwood, Clerk of
Number
of corporators,
38
William H. Young, Treasurer.
the Corporation.
Myrick C. Young, Assistant Treasurer.
Board of Trustees: M. C. Atwood, f C. L. Burch, H. S. Cook,* E. A. DeWaser, J. A. Francis, f F.E. Hill,
Joseph Manta.f G. F. Miller,* E. N. Paine,* A. L. Putnam,* Walter Welsh,* M. C. Young, W. H.
Young.
Deposits draw interest from
Monday
to 12
of
first
day
January and July.
of each month; dividends are payable the Friday preceding the third
Business hours: 9 a.m. to 12 m. and 1 to 3 p.m.; Saturdays, 9 a.m.
m.
*
Board
of
Investment.
.
Telephone Company Bonds
$10,000 Am. Tel. & Tel. Co. 4s
Illinois Central 3s
Illinois Central 4s
James. F. & Clearfield 4s
Louisville & Nash., 5s
Maine Central 5s
Me. Cent. E. & N. A. 4s
Mich. Cen.-D. & B. C. 5s
Mil. Sparta
End 4s
End 5s
End 6s
End 6Ka
Boston Terminal Co. Bonds
Conn.
Del.
Mil., L. S.
West
West
West
West
t
Auditing Committee.
—
198
P.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Deposits (2,394 accounts, average,
$444-62)
Christmas and other club deposits
Surplus:
$176,302 89
101,201 25
34,200 00
20,800 00
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Guaranty fund (4.36%
a.
5,000 00
4,341 00
10 00
.
Part
I.
$1,064,438 97
14,171 25
of de-
....
posits)
47,015 54
27,927 11
16,761 14
Profit and loss
Interest, etc., less current expenses
b.
586,006 00
193,275 25
15,000 00
Bank
building (est. vol., $25,000)
Real estate by foreclosure, etc. (as
sessed value, $7,600)
Due from banks and
8,
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Securities acquired for debts
Loans on real estate
Loans on personal security
D.
1924
7,046 00
com
trust
20,142 58
6,989 04
panies
Cash and cash items
Total Assets
Total Liabilities
$1,170,314 01
$1,170,314 01
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
.
.
.
Rates on Investments and Loans (Average on
All,
.
.
5.49%)
rate, 6%); 6%, $586,006.
rate, 5.45%);
$35,000;
4M%.
5M%,
Total
$8,971.13
7 66
6.31
$3,020.04
2 58
.09
.
462 real estate loans, averaging $1,296.45 (average
142 personal loans, averaging $1,361.09 (average
Other Expenses
$108.01
paid for
$1,279.80
$4,263.28
$300.00
1 09
Cost per $1 ,000 of assets
3 64
.26
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $58,090.70.
4M%,
$25,000;
5%,
$15,000; 6%, $116,075.
(average rate on amount invested, 4.66%).
not over $3,000 each, 418, amounting to $387,331.
76 real estate loans made during year, amounting to $139,260.
$2,200;
Bonds,
stocks, etc.
Number of loans
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
Net
2}4%
$21,023 88
22,145 94
268,150 19
2H%
during year, 2,872, amounting to (accounts opened 281)
$311,320 01
213,978 17
withdrawals during year, 2,047, amounting to (accounts closed 196)
increase in
amount due depositors (accounts increased
$97,341 84
85)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$500 United States 3J/£s
147,150 United States 4>£s
30,000 U. S. Treas. Certs.
$5,000 Louis. & Nash. 5s
5,000 Minn., St. P. & S. Ste.
M.
4%i
Railroad Bonds
$5,000 Boston & Maine 4s
5,000 Boston & Maine 43^s
1,000
5,000
5,000
5,000
5,000
5,000
5,000
C, B. & Q. 4s
Chi. & Northwest. 5s
Fitchburg 5s
Illinois
Illinois
Central 3^s
Central 4s
Lime Rock 4s
Louis.
&
Nash,
Telephone Company Bonds
Par Value
4^s
10,000
10,000
7,000
5,000
10,000
10,000
5s
No. Pacific 5s
N. Y. C. & H. P. 5s
N. Y., N. H. & H. 4s
Old Colony 4s
Pennsylvania 5s
Union
Par Value
$12,000
10,000
Am.
Am.
Tel.
Tel.
&
&
Tel. Co. 4s
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$5,000 N. E. Power Co. 5s
Pacific 5s
Bank Stocks
Street Railway Bonds
$10,000 Boston Elevated 4^s
5,000 Boston Elevated 5^s
10,000 Eastern Mass. 4J^s
10,000
West End 4^s
Shs.
20 Eliot Nl. Bk., Boston, in liq.
17 Second Nl. Bk., Boston
4 Web. & Atlas Nl. Bk., Boston
12 Home Nl. Bk., Brockton
13 First Nl. Bk., Provincetown
—
P. D.
8,
Part
I.
199
QUINCY — QUINCY SAVINGS BANK
Incorporated
March
18, 1845.
Number
of corporators, 39
Clarence Burgin, Treasurer.
Herbert T. Whitman, President.
George E. Adams, Clerk of the Corporation.
Henry
Hayward,
P.
Assistant Treasurer.
Board of Trustees: G. E. Adams, f F. H. Bishop, H. E. Crane,* J. H. Emery, H. M. Faxon, C. H. Howland,
G. E. Pfaffmann.t E.W. Sheppard, G.A. Sidelinger,* F.H. Smith,* H.T. Whitman,* J. F. Young.f
Deposits draw interest from the first day of each month; dividends are payable April 10 and October 10.
Business hours: 8.30 a.m. to 3 p.m.; Saturdays, 8.30 a.m. to 12 m. and 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $7,832
due thereon)
Loans on personal security
Bank
building (est. val, 8175,000)
Furniture and fixtures
Due from banks and
trust
1924
31,
Liabilities
$812,397 50
Deposits (27,411 accounts, average,
1,618,022 25
178,933 90
188,445 00
$85349)
Christmas and other club deposits
a.
34,237 50
55,985 00
6,528,162
936,032
166,000
7,352
00
00
00
50
.
$9^689,580 61
120,550 00
Surplus:
Guaranty fund (4-69%
of de-
....
....
posits)
Profit and loss
Interest, rents, etc.,
b.
expenses
Discount unearned
less
460,000 00
386,502 94
current
54,052 89
251 04
com173,314 10
12,055 73
panies
Cash and cash items
$10,710,937 48
Total Assets
Total Liabilities
.
$10,710,937 48
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$26,886.00 $3,600.00
$9,443.32
.88
2.51
.34
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $550,226.61.
.
.
Advertising
$1,015.26
.09
Rates on Investments and Loans (Average on
All,
Total
Other Expenses
$52,961.18
$12,016.60
4.94
1.12
3.72
5.49%)
1,676 real estate loans, averaging $4,142.23 (average rate, 5.96%); 5M%, $505,000; 6%, $6,023,162.
72 personal loans, averaging $13,000.44 (average rate, 5.03%); 4 M%, $60,000; 4 H%, $95,000; 4%%$75,000; 5%, $439,775; b%%, $50,000; 5^%, $50,000; 53^%, $85,000; 6%, $74,257; 6^%,
$7,000.
Bonds, stocks, etc. (average rate on amount invested, 4.58%).
Number of loans not over $3,000 each, 828, amounting to $1,479,849.
234 real estate loans made during year, amounting to $1,545,225.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
Net
1924,
2M%
2%%
during year, 54,220, amounting to (accounts opened 4,688)
withdrawals during year, 29,185, amounting to (accounts closed 2,307)
increase in
*
Board
amount due depositors (accounts increased
of
Investment.
$186,375 36
196,010 23
3,683,794 25
$4,066,179 84
3,092,098 48
$974,081 36
2,381)
t
Auditing Committee.
—
200
P. D. 8, Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$801,000 United States 4Ks
20,000 U. S. Treas. Certs.
'
4^s
Railroad Bonds
$18,000 Alabama & Midland 5s
25,000 Atch., Top. & S. Fe 4s
80,000 Baltimore & Ohio 4s
80,000 Bangor & Aroostook 5s
50,000 Boston & Albany 4s
20,000 Boston & Maine 33^s
50,000 Boston & Maine 4s
60,000 Boston & Maine 4^3
100,000
25,000
25,000
50,000
15,000
40,000
50,000
50,000
25,000
65,000
50,000
C.
C,
&
&
B.
B.
Q. sy2 s
Q. 4s
&
Chi., Mil.
St. P.
4^s
&
&
Northwest. 4s
Northwest. 5s
Chi., St.P., Minn. & 0.6s
Chi.
Chi.
Delaware
Street Railway Bonds
Par Value
$80,000 Boston Elevated 4s
20,000 Boston Elevated 4^s
50,000 Boston Elevated 6s
50,000 Eastern Mass. 4^s
Par Value
& Hudson
4s
Fitchburg 4s
Illinois Central 3s
Illinois Central 3^3
Illinois Central 4s
$40,000
25,000
25,000
10,000
8,000
10,000
50,000
50,000
8,000
10,000
50,000
40,000
100,000
176,000
5,000
25,000
25,000
15,000
50,000
45,000
40,000
25,000
25,000
25,000
Central 5s
L. S. & Mich. So. 4s
Louis. & Nash. 4s
Louis. & Nash. 5s
Louis. & Nash. 6s
Michigan Central 3^s
Minn., St. P. & S. Ste.
M. 4s
Nash., Chat. & St. L. 5s
Nash., Flor. & Shef. 5s
N. Y. C. & H. R. 3Ms
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 4^s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
Norfolk & West. 6s
No. Maine Seaport 5s
No. Pacific 6s
North. Ry., Calif. 5s
Pennsylvania 4s
Providence Terminal 4s
St., P. Minn. & Man. 4s
St. L., P. & Northw. 5s
So. Pacific 4s
Wore, Nash. & Roch. 4s
Illinois
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$205,000
10,000 N. E. Tel.
&
Tel. Co.] 5s
Gas, Electric and Water
Com-
pany Bonds
$25,000 Lawrence Gas Co. 7s
10,000 N. E. Power Co. 5s
Bank Stocks
Shs.
300 Atlantic Nl. Bk., Boston
100 Nl.Mt.WoIlastonBk.,Quincy
RANDOLPH — RANDOLPH SAVINGS BANK
Incorporated April 14, 1851.
Number
Board
of corporators, 37
N. Irving Tolman, Treasurer.
Roland H. Marden, Assistant Treasurer.
Herbert F. French, President.
Augustus L. Chase, Clerk of the Corporation.
Brennan,* A. L. Chase, S. T. Crawford,! A. P. French, F. N. French,! H. F.
French.* F. C. Granger,* J. T. Leahy.t W. H. Leavitt,* N. I. Tolman, A. C. Wilde.
of Trustees: J. A.
French,* H.
W.
Deposits draw interest from first day of each month; dividends are payable the first day of April and
October. Business hours: 9 a.m. to 1 p.m.; 2 to 3 p.m.: Saturdays, 9 a.m. to 12 m. and 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Federal Land Bank bonds
Bank and trust company stocks
Loans on real estate (less $4,800
due thereon)
Loans on personal security
Bank
building
....
....
(est. vol.,
$5,000)
Other assets
Due from banks and trust companies
Cash
....
Total Assets
1924
Liabilities
29
75
00
00
00
15,616 86
$407,115
494,013
75,000
41,075
50,000
Deposits (3,520 accounts, average,
$667.84)
Christmas and other club deposits
a.
206,715 00
5,148 85
3,029 38
$2,350,811 49
5,223 25
Guaranty fund (A.98%
posits)
of de-
....
....
117,241
123,644
7,540
581
Profit and loss
Interest, less current expenses
b.
1,268,426 00
.
Surplus:
Discount unearned
39
06
93
25
34,535 21
4,367 03
$2,605,042 37
Total Liabilities
$2,605,042 37
Total Expenses for the Year, including State Taxes
Tax (Net)
Salaries
Rent
paid for
$3,660.51
$5,851.96
$360.00
Cost per $1,000 of assets
1.40
2.25
.14
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $136,562.
State
Amount
.
*
Board
.
of Investment.
Advertising
$43S.10
.17
t
Other Expenses
$3,690.57
1.41
Auditing Committee.
Total
$14,001.14
5.37
3.83
—
P.D.
8,
Part
201
I.
Rates on Investments and Loans (Average on
294
real estate loans,
$50,350;
averaging S4.314.37 (average rate, 5.98%)
7%,
;
All,
5.32%)
5J^%, $100,000; 6%, 81,115,526;
6^%
$2,550.
18 personal loans, averaging $11,484.16 (average rate, 4.26%);
3%,
4H%,
$75,000;
5M%,
$50,000;
5%,
$25,000; 6%, $16,715.
(average rate on amount invested, 4.75%).
Number of loans not over $3,000 each, 155, amounting to $284,241.
60 real estate loans made during year, amounting to $173,500.
$40,000;
Bonds,
stocks, etc.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
2%%
1924, 2}4
$51,345 26
51,474 90
244,515 18
•
l
during year, 2,830, amounting to (accounts opened 201)
$347,335 34
324,807 97
withdrawals during year, 2,677, amounting to (accounts closed 208)
Net increase
in
amount due depositors (accounts decreased
7)
.
.
$22,527 37
,
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$20,000
158,000
950
192,000
20,000
U. S. Treas. Notes
U. S. Treas. Notes
United States 3^s
United States 4^s
Massachusetts 4s
4Hs
4%s
Public Funds, Notes
$6,100 Randolph 4^s
13,000 Randolph 4%s
$25,000
50,000
5,000
68,000
25,000
Railroad
Bangor &
Boston &
Boston &
Boston &
Boston &
Par Value
$25,000 B. & N. Y. Air Line 4s
25,000 Chi. & Northwest. 4s
15,000 Conn. & Pass. Rivers 4s
25,000 Delaware & Hudson 4s
10,000 Fitchburg 4s
25,000 Fitchburg 4Ms
30,000 Illinois Central 4s
15,000 Louis. & Nash. 4^s
15,000 Minn., St. P. & S. Ste.
M.
70,000
25,000
80,000
27,000
20,000
Bonds
Aroostook 5s
Albanv 4s
4s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Old Colonv 4s
Portland terminal 4s
St. P., Minn. & Man. 6s
Street Railway
Loweli 4s
Maine 4s
Maine 4^s
Bonds
$50,000 Boston Elevated 4s
25,000 Boston Elevated 4^9
READING
Incorporated
— MECHANICS
March
20, 1891.
Telephone Company Bonds
Par Value
$45,000
Am.
Tel.
&
Tel. Co. 4s
Bank Bonds
Federal Land
$25,000 Wichita, Kan., 5s
25,000 New Orleans, La.,
4^3
Bank Stocks
Shs.
25 XL Union Bk., Boston
8 Web. & At. Nl. Bk., Boston
62 Home Nl. Bk., Brockton
52 Nl. Citv Bk., Lvnn
13 Bristol Co. Tr. Co., Taunton
SAVINGS BANK
Number
of corporators, 29
H. Raymond Johnson, Treasurer.
Edgar N. Hunt, President.
Oliver L. Akerley, Clerk of the Corporation
Board of Trustees: O. L. Akerley, H. P. Baker.f F. R. Batchelder, John Connollv,*t C. S. Harriman.f
E. N. Hunt,* H. R. Johnson,* E. E. Knight, J. D. Knight, W. G. Long, W. S. Parker, M. A. Stone,;
Deposits draw interest from
first Saturday of each month: dividends are payable the second Saturday
of June and December.
Business hours: 8.*30 a.m. to 2.30 p.m.; Saturdays, 8.30 a.m. to 12 m., and
for deposits only, 7.30 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER,
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $1,900
.
....
due thereon)
Loans on personal security
Bank
building (est. val., $30,000)
Furniture and fixtures
Taxes, insurance, etc., paid on
mortgaged properties
....
.
Other assets
Due from banks and trust
panies
.....
Total Assets
Board
$121,986
127,542
22,787
9,267
74
50
50
50
Deposits (2,920 accounts, average,
$318.82)
Christmas and other club deposits
Surplus:
a.
22,625 00
2,100 00
6 00
posits)
$930,954 50
15,137 00
.....
....
Guaranty fund (2.84%
Profit and loss
Interest, rents, etc.,
b.
.
less
of de-
26,852 71
25,268 65
current
expenses and taxes
17,081 18
636,015 00
38,605 00
19,092 92
463 54
199 62
1 90
13,265 33
1,335 49
$1,015,294 04
of
1924
Liabilities
com
Cash and cash items
*
31,
Investment.
Total Liabilities
t Auditing
.
$1,015,294 04
Committee.
P.D.
202
8,
Part
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$644.55
$480.00
$3,632.03
$033.94
paid for
3 58
.47
.62
Cost per $1 ,000 of assets
Cost per $1,000 of assets not including State tax and rent
year,
$53,910.83.
Gross income received during the
.
.63
.
.
Other Expenses
$2,333.27
2 30
Total
$7,723.79
7 00
6.51
.
.
.
Rates on Investments and Loans (Average on
5.56%)
All,
218 real estate loans, averaging $2,917.50 (average rate, 6%); 6%, $636,015.
38 personal loans, averaging $1,015.92 (average rate, 6%); 6%, $38,605.
Bonds, stocks, etc. (average rate on amount invested, 4,61%).
Number of loans not over $3,000 each, 136, amounting to $241,115.
39 real estate loans made during year, amounting to $139,050.
Dividends, Deposits and Withdrawals
2%%
2%%
$17,204 86
18,770 96
289,545 45
Ordinary dividends declared during year: Dec, 1923,
June, 1924,
Number of deposits during year, 4,727, amounting to (accounts opened 348)
Number
of
withdrawals during year, 2,317, amounting to (accounts closed 251)
Net increase
in
amount due depositors (accounts increased
$325,521 27
205,068 13
.
$120,453 14
97)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50 United States 3Hs
51,350 United States 4^s
21,600 U. S. Treas. Notes 4^s
10,100 U. S. Treas. Notes 4%s
2,000 Massachusetts 4s
15,000 Boston 4s
7,000
5,000
9,000
2,750
$2,000
25,000
5,000
1,000
10,000
Fall River 4s
Los Angeles 4%s
Reading 4s
No. Reading 4s
Railroad
Bangor &
Bangor &
Boston &
Bonds
Aroostook 4s
Aroostook 5s
Maine 4s
Fitchburg 4s
Central 3s
Central 4s
$5,000
10,000
8,000
5,000
5,000
Illinois
12,000
15,000
25,000
5,000
1,000
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Portland Terminal 4s
Louisville
Louisville
&
&
Nash.
Par Value
4}/£s
Nashville 5s
$10,000
Am.
Tel.
&
Tel. Co. 4s
Maine Central 4J^s
Minn., St. P.
M.
&
Ste.
S.
5s
Gas, Electric and Water
$1,000
Upper Coos 4s
West End
Com-
pany Bonds
Dedham & Hyde Pk. G.
& E. Lt. Co. 6s
N.B.Gas&Ed.Lt,Co.6s
1,000
15,000 N. E. Power Co. 5s
6,000 Old Colony Gas Co. 5s
Street Railway Bonds
$5,000 Boston Elevated 4s
5,000 Boston Elevated 43^s
5,000 Boston Elevated 5s
5,000 Boston Elevated 53^s
3,000 Eastern Mass. 4^s
1,000
Illinois
Telephone Company Bonds
Par Value
Bank Stocks
Shs.
21 First Nl. Bk.,
5s
Reading
REVERE — REVERE SAVINGS BANK
incorporated April 12, 1912.
Alfred S. Hall, President.
Albert J. Brown, Clerk of the Corporation.
Number
of corporators,
Forrest C.
Atkins, C. K. Badger, W. G.
A. B. Carter, C. F. Chisholm,* A. H. Curtis, S.
Hall,* H. J. Harding, C. A. Jackson, C. M. Little,
I. P. Park.f T. V. Sargent,* J. B. Shurtleff,* A.
Board
of Trustees:
H.
J.
44
Willis G. Bond, Treasurer
Minnie L. Smith,
Assistant Treasurers.
Toward
Brown, C. H. Brown, N.S. Burbank,
R. Cutler, G. W. Folsom, H. A. Greenleaf, A. S.
A. PI. Magune.f Matthew Mulligan, P. C. Noble.f
T. Sprague, F. L. Sullivan, F. C. Toward, H. L.
Bond, A.
J.
Young.*
Deposits draw interest from fifteenth day of February, May, August and November; dividends are payBusiness hours: 8.30 a.m. to 1 p.m.
able May 15 and November 15.
Board
of
Investment.
t Auditing
Committee.
—
P.D.
8,
Part
203
1.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
70
50
90
50
9,831 25
$60,305
19,360
10,522
3,312
.
Telephone company bonds
Gas, electric and water company
bonds
Loans on real estate (less $5,700
due thereon)
Loans on personal security
Furniture and fixtures
Due from banks and trust com-
45,002 50
Liabilities
Deposits (7,828 accounts, average,
$513,054 74
$65.54)
Surplus:
a.
.....
....
Guaranty fund {1.41%
posits)
of de-
7,226 29
2,369 60
8,661 18
b. Profit and loss
Interest, less current expenses
5,437 79
1,281 59
....
Total Assets
1924
365,960 00
9,017 00
1,280 08
panies
Cash
31,
Total Liabilities
$531,311 81
$531,311 81
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
Advertising
paid for
$540.00
$415.35
$3,473.00
Cost per $1,000 of assets
1.02
.78
6.53
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $29,287.74.
.
.
$146.63
.28
Other Expenses
$1,836.00
3.45
Total
$6,410.98
12.06
10.26
Rates on Investments and Loans (Average on AH, 5.65%)
ISO real estate loans, averaging $2,815.08 (average rate, 6%); 6%, $362,460; 6 A%, $2,000;
6 personal loans, averaging $1,502.83 (average rate, 5.58%); 5%%, $5,000: 6%, $4,017.
Bonds, stocks, etc. (average rate on amount invested, 4.76%).
Number of loans not over $3,000 each, 87, amounting to $155,035.
30 real estate loans made during year, amounting to $111,250.
l
7%,
$1,500.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
$8,540 10
9,262 34
369,203 93
withdrawals during year, 5,646, amounting to (accounts closed 417)
$387,006 37
330,557 56
May,
of deposits during year, 13,203,
Number
of
Net
234%
amounting to (accounts opened 1,380)
Number
amount due
increase in
1924,
2^%
$56,448 81
depositors (accounts increased 963)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$7,000 United States 4Ks
900 Massachusetts 4s
4,000
4,000
1,000
13,000
2,000
4,000
2,000
2,000
2,000
3,000
4,500
5,350
2,000
2,000
500
1,500
Billerica 5s
Boston 4s
Cambridge 4s
Fall River 4s
Holbrook 4Ms
Lawrence 4s
Maiden 4s
Medfield
4^s
Palmer 5s
Peabody 4%s
Revere 4Ms
Revere 4^3
Westfield 4s
Randolph 4^s
Saugus 4s
Saugus 4 Ms
Railroad Bonds
Par Value
$1,000 Atch., Top. & S. Fe 4s
1,000 Baltimore & Ohio 4^s
3,000 Bangor & Aroostook 5s
1,000 Chi., Mil. & St. P. 43^s
1,000 Fitchburg 4s
2,000 Illinois Central 4s
1,000 Lake Shore & Mich So. 4s
1,000 Minn.,St.P.&S.Ste.M.4s
4,000 N. Y. C. & H. R. 4s
1,000 N. Y., N. H. & H. 3Hs
6,000 Portland Terminal 4s
Street Railway
Bonds
$4,000 Boston Elevated 4^s
2,000 Boston Elevated 5s
1,000 Eastern Mass. 4^s
1,000 Leom., Shirley & Ayer 7s
1,000 West End 4^s
1,000 West End 5s
1,000 Wore. & Southbridge 7s
Boston Terminal Co. Bonds
Par Value
$4,000 Boston Terminal 3}is
Telephone Company Bonds
$1,000 Am. Tel. & Tel. Co. 5s
9,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$1,000 Clinton Gas Lt. Co. 4J^s
4,500 Dedham & Hvde Park G.
& El. Lt. Co. 6s
1,000 Edison El. 111. Co. of Brockton 5s
1,000 Eastern Mass. Elec. Co. 6s.
5,000 Hingham Water Co. 5s
5,000 Marlboro-Hudson Gas Co.
5Hs
20,000 N. E. Power Co. 5s
5,000 Old Colony Gas Co.
3,000 Spencer Gas Co.
—
204
P.D.
ROCKLAND — ROCKLAND SAVINGS BANK
Incorporated March 30, 1868.
Amos
Number
8.
Part
I.
of corporators, 50
Harry W.
A. Phelps, President.
Burrell, Treasurer.
Clarence E. Rice, Clerk of the Corporation
Board
L. E. Blanchard, H. W. Burrell, A. W. Donovan, W. M. Hurley, Philip Mulvihill.
Perry,* A. A. Phelps,* J. A. Radcliffe,* A. I. Randall, C. E. Rice.f J. S. Smith,! J. J. Spence,*
Spence, J. F. Thompson, H. S. Torrey.*f
of Trustees:
H.G.
J. \Y.
Deposits draw interest from the
business day of each month; dividends are payable Wednesday
Business hours: 9 a.m. to 4 p.m.; Saturdays, 9 a.m.
first
after the first Tuesday of January and July.
to 12 m.; also Fridays, 7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Liabilities
$837,600
675,220
142,083
77,022
.
US 1.89)
17
$4,061,984 75
Guaranty fund
a.
(4-
74%
of de-
....
b. Profit and loss
Interest, rents, etc.,
less
192,472 43
113,036 86
current
expenses
73,817 75
2,479,380 26
65,092 00
55,145 43
242 26
25,774 26
9,046 56
panies
Cash and cash items
....
Deposits (9,405 accounts, average,
Surplus:
posits)
.
Total Assets
85
00
00
70,375 00
4,100 00
230 00
.
Securities acquired for debts
Loans on real estate (less $8,717.74
due thereon)
Loans on personal security
Bank building (est. val., $70,000)
Taxes, insurance, etc., paid on
mortgaged properties
Due from banks and trust com-
1924
31,
Total Liabilities
$4,441,311 79
$4,441,311 79
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
$1,950.00
$286.60
$4,342.87
Cost per $1,000 of assets
1.80
.44
.86
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $242,832.01.
.06
.98
paid for
.
.
$3,809.73
$8,000.00
Rates on Investments and Loans (Average on
757
real estate loans,
$4,000;
7%,
averaging $3,150.41 (average rate, 5.95%)
;
A%,
5l
All,
Total
$18,389.20
4.14
2.84
5.43%)
$379,000;
6%,
$2,023,680;
6^%.
$72,700.
60 personal loans, averaging $1,084.86 (average rate, 5.93%); 5%, $500; 5J^%, $8,000; 6%, $56,592.
Bonds, stocks, etc. (average rate on amount invested, 4.69%).
Number of loans not over $3,000 each, 659, amounting to $883,733.
137 real estate loans made during year, amounting to $413,736.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
Number
of deposits
of
2M%
2^%
$84,628 86
87,755 80
during year, 13,754, amounting to (accounts opened 807)
.
withdrawals during year, 10,111, amounting to (accounts closed 669)
Net increase
*
in
Board
amount due depositors (accounts increased
of
Investment.
.
.
.
837,61150
.
$1,009,996 16
878,031 80
$131,964 36
138)
t
Auditing Committee.
—
P.D.
8,
Part
205
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$450 United States 3^9
701,100 United States 4j£s
125,000
25,000
25,460
2,000
$40,000
50,000
10,000
38,000
22,000
64,000
7,000
15,000
5,000
10,000
5,000
20,000
10,000
12,000
U.
U.
S.
S.
Treas. Bonds 4Ms
Treas. Notes 4J^s
Youngstown,
Rockland 4s
&
&
&
O., 6s
80,000
60,000
25,000
16,000
20,000
24,000
40,000
51,000
$20,000
20,000
10,000
10,000
10,000
30,000
Maine Central 5s
Minn., St. P. &
S. Ste.
5s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Old Colony 4s
Pennsylvania 4^s
Chi. & Northwestern 4s
Cleve. Short Line 4j^s
Dexter & Piscataquis 4s
Fitchburg 4s
Am.
Am.
Tel.
Tel.
&
&
Tel. Co. 4s
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$75,000 N. E. Power Co. 5s
Bank Stocks
Shs.
12 Abington Nl. Bk.,
4 Merchants Nl. Bk., Boston
Street Railway Bonds
$15,000 Boston Elevated 4s
28,000 Boston Elevated 4 Ms
3^s
West End 4s
West End 4^9
West End 5s
Telephone Company Bonds
$78,000
10,000
Pitts., Lake Erie & W.
Va. 4s
10,000 Portland Terminal 4s
Somerset
Ry. 4s
14,000
2,000 Upper Coos 4s
Washington
Co. 3^9
5,000
5,000 Wore, Nash. & Roch 4s
St. P. 4s
St. P. 4J^s
St. P. 5s
Fitchburg 5s
Illinois Central
& Mich So. 4s
& Nashville 4s
Maine Central 4^9
Louisville
M.
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4J4s
Bangor & Aroostook 5s
Boston & Albany 3J-£s
Boston & Maine 4s
Chi., Mil.
Chi., Mil.
Chi., Mil.
Par Value
Boston Elevated 5s
Boston Elevated 6s
Eastern Mass. 4^s
Par Value
Lake Shore
$35,000
5,000
40,000
10,000
10,000
25 Rockland Trust Co.
ROCKPORT — GRANITE SAVINGS BANK
Incorporated
Henry H. Thurston,
March
21, 1884.
Number
of corporators, 30
Grafton Butman, Treasurer.
President.
Frank W. Tarr, Clerk
of the Corporation
Board of Trustees: James Abbott,* C. E. Breene, A. C. Butman, Grafton Butman, E. E. Cleaves, Francis
Noble, L. A. Rogers, B. X. Tarr,*f F. W. Tarr.f John Tarr, H. H. Thurston,* L. W. Thurston,*
F. C. Todd.t H. C. Tufts,* A. C. Whalen, Jr.
Deposits draw interest from first day of each month: dividends are payable April 4 and October 4.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m. and 6.30 to 8.30 p.m.; during August,
close at 1 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Bank building (est.
Taxes, insurance,
S3, 000)
val.,
etc.,
paid
1924
Liabilities
$113,610 95
92,233 75
17,880 00
14,909 00
$409.21)
Surplus:
00
50
00
81
1,800 00
$799,610 50
8,010 00
Guaranty fund (4-63% of de
a.
3,000
28,368
489,410
81,724
....
....
Deposits (1,954 accounts, average,
Christmas and other club deposits
posits)
.
37,357 00
23,964 52
1,606 64
.
1,354 58
Profit and loss
Interest, less current expenses
b.
Discount unearned
on
mortgaged properties
Due from banks and
31,
213 96
trust corn
26,787 20
1,965 07
panies
Cash
Total Assets
$871,903 24
Total Liabilities
$871,903 24
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
$914.98
$4,351.59
$216.00
paid for
1.04
4.99
.25
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $45,786.46.
.
.
Advertising
$396.35
.45
Rates on Investments and Loans (Average on
All,
Other Expenses
$1,855.10
2.13
Total
$7,734.02
5.46%)
334 real estate loans, averaging $1,465.29 (average rate, 6%); 6%, $489,410.
69 personal loans, averaging $1,184.42 (average rate, 4.74%); 4%, $15,000; 4J^%, $5,000;
4%%,
$5,000; 5%, $19,220; 6%, $12,055.
(average rate on amount invested, 4.72%).
not over $3,000 each, 332, amounting to $349,264.81.
70 real estate loans made during year, amounting to $101,625.
$25,450;
Bonds,
stocks, etc.
Number of loans
*
Board
of
Investment.
8.86
7.57
t Auditing Committee.
4H%
—
206
P.D.
8,
Part
I
Dividends, Deposits and Withdrawals
Ordinary "dividends declared during year: April, 1924,
2%%
1924,
2\i%
Oct.,
Number
of deposits
Number
of
....
....
$16,633 23
16,914 69
191,317 59
during year, 2,732, amounting to (accounts opened 185)
$224,865 51
189,141 62
withdrawals during year, 1,686, amounting to (accounts closed 144)
Net increase
in
amount due depositors (accounts
increased 41)
$35,723 89
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Boston & Albany 4s
Boston & Maine 4s
Boston & Maine 4^s
Par Value
$650 United States 3>^s
55,400 United States 4Ms
5,000 U. S. Treas. Notes 4>4s
15,000 U. S. Treas. Notes 4%s
3,000 Massachusetts 3>6s
1,000 Massachusetts 4s
4,000 Essex Co. 4s
3,000 Boston 33^s
5,000 Chelsea 4s
3,000 Lawrence 5J^s
3,000 New Britain, Conn., 4s
2,000 San Francisco, Cal., 5s
1.000 South Norwalk, Conn., 4s
2,000 Springfield, O., 6s
500 Trov, N. Y., 4s
2,000 Danvers 4s
3,000 Stoneham 4s
2,000 Swampscott 3^3
$3,000
5,000
3,000
4,000
6,000
7,000
2,000
5,000
6,000
20,000
4,000
4,000
2,000
2,000
1,000
3,000
2,000
5,000
5,000
Chi., Mil.
&
Par Value
$1,000 West
2,000 West
St. P. 4s
Telephone Company Bonds
Am. Tel. & Tel. Co. 5s
& Northwestern 6s
Fitchburg 4s
Illinois Central 3s
Chi.
Louisville
&
$14,000
Minn.
& Man.
5^s
&
Tel. Co. 4s
pany Bonds
Weymouth Lt. &
$3,000
ComP. Co.
5Hs
Bank Stocks
Shs.
15 Beverly Trust Co.
15 American Trust Co., Boston
10 First Nl. Bk., Boston
12 Cape Ann Nl. Bk., Gloucester
8 Gloucester Nl. Bk.
6s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated 53^s
Boston Elevated 6s
23 Gloucester S. D. & T. Co.
60 Manchester Trust Co.
33 Rockport Nl. Bk.
10 State Street Tr. Co., Boston
$2,000
2,000
5,000
6,000
Railroad Bonds
$4,000 Baltimore & Ohio 5s
2,000 Bangor & Aroostook 5s
Tel.
Gas, Electric and Water
Public Funds, Notes
$4,000 Revere
Am.
1,000
Nashville 6s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 33^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Old Colony 4s
Pennsvlvania 4J^s
Pitts., Va. & Charleston 4s
Portland & Ogdens. 4^s
Portland Term. Co. 5s
St. P.,
End 4s
End 4h
SALEM — SALEM SAVINGS BANK
Number
Incorporated January 29, 1818.
Charles
S.
Edgar W.
of corporators, 113
James Young, Jr., Treasurer.
Roland A. Stanley, Assistant
Rea, President.
Johnson, Clerk of the Corporation.
Treasurer.
of Trustees: G. H. Allen,* H. P. Benson, J. F. Cabeen, W. D. Chappie,* W. A. Chisholm,* G. R.
Felt, G. W. Grant,* Herbert Humphrey, J. F. Hussev, G. R. Jewett,* Christian Lantz.t G. R. Lord,
J. J. Mack, G. A. Morrill, f W. E. Northey.f Robert Osgood, G. S. Parker, C. S. Rea,* W. H. Rollins,
Board
G. A. Vickery, Richard Wheatland, James Young,
Jr.
Deposits draw interest from the fifteenth day of each month: dividends are payable on and after April 16
and October 16. Business hours: 8.45 a.m. to 1.15 p.m.; also Saturdays, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds, and notes
Street railway bonds
Boston Terminal Co. bonds
.
.
-SI, 500)
insurance, etc.,
mortgaged properties
Board
100,000 00
191,700 00
3,900 00
7,850,486 81
186,690 00
60,000 00
.
.
.
.
06
25
.....
....
00
37
....
62
76
on
2,225 55
trust
com
43,174 24
10,383 50
$15,189,483 06
of
Deposits (22,689 accounts, average,
$13,705,999
$604.08)
61,739
Surplus:
o. Guaranty fund (4.99% of deposits)
686,900
b. Profit and loss
715,398
Interest, rents, etc., less current
expenses
19,252
Other liabilities
193
Christmas and other club deposits
587 95
paid
.
Total Assets
*
21
50
00
30
00
etc., (as
sessed value,
Taxes,
Due from banks and
pames
Cash and cash items
$2,821,393
2,760,844
761,609
145,798
250,690
(less
$56,618.10 due thereon)
Loans on personal security
Bank building (est. val., S 100,000)
Real estate by foreclosure,
1924
Liabilities
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans
on
real
estate
31,
Investment.
Total Liabilities
t Auditing
$15,189,483 06
Committee.
P.D.
Part
8,
207
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
paid for
$15,938.74
$35,742.00
$2,500.00
1.05
2.35
.16
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
the
year,
received
during
$782,271.56.
income
Gross
.
Other Expenses
$3,082.64
$9,992.71
.20
.66
Rates on Investments and Loans (Average on
All,
Total
$67,256.09
4.42
3.21
5.25%)
1,555 real estate loans, averaging $5,048.54 (average rate, 5.55%); 5%, $2,215,986; 5K%. $2,740,535;
$53,000; 7%, $50,000.
6%, $2,790,965; 6 l
34 personal loans, averaging $5,490.88 (average rate, 5.30%); 5%, $2,350; 5%%, $150,000; 5H%,
$32,105; 6%, $2,235.
Bonds, stocks, etc. (average rate on amount invested, 4.91%).
Number of loans not over $3,000 each, 826, amounting to $1,581,331.60.
251 real estate loans made during year, amounting to $1,708,250.
A%,
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during vear: April, 1924,
Oct.,
Number
of deposits during year, 29,942,
Number
of
2}4%
$292,006 44
295,755 39
2,272,220 52
1924, 214%
to (accounts opened 1,955)
amounting
withdrawals during year, 19,443, amounting to (accounts closed 2,082)
Net increase
in
amount due
depositors (accounts decreased 127)
$2,859,982 35
2,415,508 32
$444,474 03
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000 U.S. Certs. Indebt.4%s
300,000 U.S.Treas. Bonds 4^s
195,800 U.S.Treas. Notes 4%s
1,150 United States 3^s
1,889,250 United States 4^s
90,000 Akron, O., 5s
50,000
29,000
25,000
50,000
50,000
30,000
37,000
55,000
3,000
Cleveland, O.,
Par Value
$50,000
30,000
50,000
5,000
75,000
50,000
50,000
25,000
50,000
16,000
18,000
50,000
25,000
40,000
175,000
8,000
50,000
5^s
Detroit, Mich., 5s
Detroit. Mich., 5^8
Los Angeles 4%s
Los Angeles 5s
Lowell 4J^s
Salem 4Hs
San Fran., Cal., 4J4s
Swampscott 4^s
100,000
100,000
50,000
13,000
Chi., Mil.
Chi., Mil.
Chi.
Chi.
&
&
&
&
St. P. 43^s
St. P. 5s
Northwest. 3J^s
Northwest. 5s
Northwest. 6s
Chi.,S.P.,Minn.&0.6s
Conn. & Pass. Rivers 4s
Fitchburg 4s
Fitchburg 4Ms
Fitchburg 5s
Fre., Elk.
& Mo.
Central 3s
Central 4s
Central 5s
Lake Shore & M. S.3Hs
Illinois
Illinois
Illinois
Louis.
Louis.
&
&
Nash. 4^s
Nash. 6s
Maine Central 4^s
Michigan Central 4s
Minn., St. P.
j
&
&
100,000
160,000
73,000
West End
West End
West End
4s
5s
7s
Boston Terminal Co. Bonds
$151,000 Boston Terminal 3J^s
Telephone Company Bonds
S. Ste.
$100,000 Am. Tel. & Tel. Co. 5s
160,000 N. E. Tel. & Tel. Co. 5s
M. 5s
Montana Central
6s
N. Y. C. & H. R. 33^s
N. Y. C. & H. R. 4s
N. Y. & N. Eng. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Pacific 4s
No. Pacific 5s
No. Pacific 6s
Old Colony 5^3
Pennsvlvania 4J^s
Pennsvlvania 5s
Portland Terminal 5s
Providence & Wore. 4s
& L. C. 5s
& Sioux Falls
St. J.
Wil.
Street Railway Bonds
Par Value
$100,000 Boston Elevated 4s
200,000 Boston Elevated 4Ks
10,000 Boston Elevated 5s
100,000 Eastern Mass. 4J^s
29,000 Lynn & Boston 6s
1,000 Marlboro & Westb. 7s
S. Ste.
4s
25,000 Minn., St. P.
100,000
25,000
150,000
25,000
25,000
200,000
100,000
81,000
90,000
82,000
41,000
90,000
50,000
25,000
50,000
35,000
18,000
Val. 6s
Housatonic 5s
M.
Public Funds, Notes
$3,500 North Adams 3.20%
Railroad Bonds
$65,000 Atch., Top. & St. Fe 4s
38,000 Baltimore & Ohio 4s
103,000 Baltimore & Ohio 43^s
25,000 Boston & Albany 3J^s
73,000 Boston & Albany 5s
15,000 Boston & Lowell 4s
84,000 Boston & Maine 3s
80,000 Boston & Maine 4s
150,000 Boston & Maine 4^s
45,000 Boston & Maine 6s
&
Chi.
5s
Wore, Nash. & Roch.4s
Gas, Electric and Water
Com-
pany Bonds
S100.000 Turners Falls P.
Co. 5s
&
El.
Bank Stocks
Shs.
30
266
583
275
80
415
223
45
Beverlv Nl. Bk.
First Nl. Bk., Boston
Merchants Nl. Bk., Boston
Shawmut Bk., Boston
Union Bk., Boston
Old Colony Tr. Co., Boston
Second Nl. Bk., Boston
Nl. Grand Bk., Marblehead
Nl.
Nl.
—
208
SALEM — SALEM FIVE CENTS SAVINGS BANK
Incorporated March
Henry
9,
Number
1855.
P.D.
8,
Part
I.
of corporators, 184
Harry
A. Hale. Preside n t.
I*. Hnhon, Clerk of the Corporation.
P. GifTord, Treasurer.
S. Leighton, Assistant Treasurer.
Orlando
William
of Trustees: R. D. Adams, H. M. Batchelder,* S. H. Batchelder, F. A. Brown,* W. F. Cass, W.' O.
L. H. Cole, C. H. Danforth, E. A. Dresser.t C. P. Faunce, W. S. Felton, H. P. GifTord,
H. A. Hale,* E. N. Hood.t G. W. Hooper, G. L. Hyde.f W. M. Jelly, E. W. Longley, W.S. Neal, W. N.
Patten, A. H. Phippen, C. E. Phippen, J. C. Robson, Matthew Robson,* W. H. Ropes, N. G.
Simonds, J. F. Smith, J. B. Tivnan,* J. L. Tudbury, R. H. Wiswall.
Board
Chapman,
Deposits draw interest from first day of each month; dividends are payable February 1 and August
Business hours: 8.45 a.m. to 1.15 p.m.; also Saturdays, from 6 to 8 p.m., for deposits only
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $26,500
due thereon)
Loans on personal security
.
.
.
.
.
.
.
.
....
.
.
Bank
building (est. vol., §250,000)
Real estate by foreclosure, etc. (assessed value, 821,500)
trust
1924
31,
Liabilities
$5,164,928
2,086,969
496,325
195,170
....
....
Deposits (29,563 accounts, average
$522.73)
68
90
50
75
Christmas and other club deposits
Surplus:
Guaranty fund (4-97%
o.
111,787 50
160,860 00
posits)
$15,453,392 71
143,657 00
of de
Profit and loss
Interest, less current expenses
b.
8,443,875 00
247,700 00
150,000 00
775,000 00
655,398 49
.
and
taxes
213,668 77
22,126 41
.
Due from banks and
1.
com137,217 53
24,155 70
panies
Cash and cash items
Total Assets
Total Liabilities
$17,241,116 97
$17,241,116 97
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
$42,088.37
paid for
$12,013.37
.70
2.44
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $838,193.40.
$4,611.66
.
Other Expenses
$12,785.22
4.15
3.45
.74
27
Rates on Investments and Loans (Average on
Total
$71,498.62
All,
5.06%)
1,747 real estate loans, averaging $4,833.35 (average rate, 5.21%); 4%, $9,000; 4^%, $95,900; 5%„
l
$5,264,670; b A%,
$2,486,000; 6%, $588,305.
29 personal loans, averaging $8,541.38 (average rate, 5.33%); 5%, $147,450; 5M%. $25,000; 5 l
Y
$2,450; 6%, $72,800.
Bonds, stocks, etc. (average rate on amount invested, 4.91%).
Number of loans not over $3,000 each, 945, amounting to $1,691,530.
322 real estate loans made during year, amounting to $1,824,525.
A%
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Feb., 1924, 2 34%
of deposits during year, 57,654,
Number of withdrawals during year,
$320,746 11
329,093 64
3,419,056 62
amounting to (accounts closed 3,446)
$4,068,896 37
3,421,286 39
Net
increase in
*
Board
amounting
32,078,
...
opened 3,077)
Aug., 1924,
Number
2M%
to (accounts
amount due depositors (accounts decreased
of
Investment.
369)
$647,609 98
.
t
Auditing Committee.
—
P. D.
8,
Part
209
I.
SCHEDULE OF SECURITIES OWNED
Bonds
Public Funds,
Par Value
$300,000
4,270,000
255,000
30,000
10,000
7,000
50,000
20,000
2,250
25,000
15,000
12,000
2,000
15,000
25,000
83,000
5,000
50,000
35,000
26,000
5,040
9,000
40,000
35,000
10,000
54,500
$30,000
3,000
18,000
60,000
37,000
18,000
154,000
2,000
125,000
50,000
16,000
29,000
35,000
77,000
75,000
25,000
25,000
75,000
75,000
50,000
50,000
50,000
15,000
75,000
50,000
U. S. Treas. Notes 4%s
United States 4Ms
U. S. Treas. Bonds 4^s
Essex Co. 4Jis
Akron, O., 5s
Akron, O., 6s
Boston 4s
Brockton 4s
Cambridge 4^s
Canton, O., 5s
Cleveland, O., 5s
Davton, O., 5s
Fall River 4s
Fall River 5s
Green Bay, Wis., 6s
Hamilton, O., 6s
Indianapolis, Ind., 6s
Los Angeles, Cal., 43^s
Los Angeles, Cal., 5s
Los Angeles, Cal., 5%s
Lowell 4s
Lowell 4J^s
New Bedford 4s
Oakland, Cal., 5^s
Omaha 5^s
15,000
55,000
50,000
10,000
100,000
50,000
50,000
10,000
50,000
145,000
60,000
15,000
Salem 4s
Public Funds, Notes
$4,800 Bedford 4s
8,000 Belmont 4j^s
Railroad Bonds
$23,000 Adirondack 43^s
50,000 Baltimore & Ohio
100,000 Baltimore & Ohio
50,000 Baltimore <fe Ohio
50,000 Boston & Albany
Par Value
Par Value
4s
4J^s
Boston
Boston
Boston
Boston
&
Chi.
$75,000 Ports., Gt. F. & C. 4}^s
25,000 Sullivan County 6s
Northwest. 6s
$8,000
50,000
125,000
15,000
57,100
15,000
20,000
20,000
60,000
25,000
150,000
10,000
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^s
Boston Elevated 5s
Eastern Mass. 43^s
Eastern Mass. 6s
Fitchburg & Leom. 7s
Lynn & Boston 5s
& St. P. 3^s
& St. P. 4s
& St. P. 4^s
Cleveland & Pitts. 4^s
Chi., Mil.
Chi., Mil.
Chi., Mil.
Delaware
& Hudson
4s
Fitchburg 4s
Fitchburg 4^s
Fitchburg 5s
Illinois Central 3s
Illinois Central 4s
Joliet & No. Indiana 4s
Louisville & Nash. 4Hs
Louisville & Nash. 5s
Louisville & Nash. 6s
Mahoning Coal 5s
Maine Central 4^s
Maine Central 5s
Mich. Central 4s
Mich. Central 5s
Minn., St. P. & S. Ste.
M.4s
& Northern
Mil.
Pitts.,
Va.
Western Mass. 5s
&
Tel. Co. 5s
and Water Company Bonds
Gas, Electric
$80,000 N. E. Power Co. 5s
10,000 West Boston Gas Co.7s
25,000 Wore. Gas Lt. Co. 6s
5s
Bank Stocks
Shs.
600 First Nl. Bk., Boston
159 Atlantic Nl. Bk., Boston
300 Nl. Shawmut Bk., Boston
100 Nl. Union Bk., Boston
125 Second Nl. Bk., Boston
40 Web. & At. Nl. Bk., Boston
60 Warren Nl. Bk., Peabody
130 Asiatic Nl. Bk., Salem, in liq.
450 Merchants Nl. Bk., Salem
& Charleston
& Rum.
End 4s
End 4^s
End 5s
End 6Ks
50,000 N. E. Tel.
43^s
Montana Central
West
West
West
West
Telephone Company Bonds
$150,000 Am. Tel. & Tel. Co. 5s
No. Pacific 5s
No. Pacific 6s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 4s
Ohio Kiver 5s
Old Colony 4s
Pennsvlvania 4J^s
Pennsylvania 5s
4s
50,000 Port.
5s
43^s
& Albany 5s
& Lowell 4s
& Lowell 43^s
& Maine 4^s
Falls 4s
SHELBURNE FALLS — SHELBURNE FALLS SAVINGS BANK
Incorporated
Francis
J.
March
28, 1855.
Number
34
of corporators,
Canedy, President.
J.
Henry W. Ware,
L. R.
Brown, Treasurer.
Clerk of the Corporation
Board of Trustees: Andrew Amstein.f H. L. Avery, J. L. R. Brown,* F. J. Canedy, J. A. Dunnell Lorenzo
Griswold, C. W. Hawks,* H. G. Hoyt.t H. P. Ware, H. W. Ware.f J. A. Wells, M. Z. Woodward.*
Deposits draw interest from tenth day of each month; dividends are payable April 10 and October 10.
Business hours: 9 a.m. to 3 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Bank building (est. vol., $12,000)
Due from banks and trust com'
panies
Total Assets
Board
$297,380
763,632
135,000
34,713
24
05
00
50
Deposits (5,482 accounts, average,
U71.74)
Christmas and other club deposits
.
Surplus:
a.
64,622 50
36,960 00
1,376,391 50
32,341 00
9,000 00
$2,798,459 49
of
1924
Liabilities
Guaranty fund (4-97% of
posits)
de-
....
Profit and loss
Interest, rents, etc.,
b.
$2,586,083 01
18,635 75
less
129,400 00
60,246 30
current
expenses
4,094 43
47,045 32
1,373 38
Cash and cash items
*
31,
Investment.
Total Liabilities
t Auditing
$2,798,459 49
Committee.
210
P.D.
8,
Part
I.
Total Expenses for the Year, including State Taxes
Tax (Net)
$4,801.52
1.72
State
Amount
Rent
Salaries
Advertising
$7,479.00 $450.00
2.68
.16
Cost per $1,000 of assets not including Kt:ite tax and rent
Gross income received during the year, $144,160.31.
paid for
Cost per $1,000
.
ot'assets
Jl.786.31
.06
.03
Rates on Investments and Loans (Average on
206
real estate loans, averaging $0,(381.51 (average rate,
5H%,
5.81%)
Other Expenses
$180.56
All,
Total
$14,703.39
5.25
3.37
5.31%)
$780,004;
$34,650; 7%, $120,000.
SI personal loans, averaging $1,043.25 (average rate, 6.06%); 6%, $27,841
Bonds, stocks, etc. (average rate on amount invested 4.76%).
Number of loans not over $3,000 each, 164, amounting to $159,691.50.
22 real estate loans made during year, amounting to $396,350.
6%,
0'/,.
$441,738;
6j^%
$4,500.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924, 2 }4%
Oct..
Number
of deposits during year, 6,355,
Number
of
Net
1924,
amounting
2M%
....
to (accounts
$54,774.27
55,709 93
468,546 49
opened 488)
$579,030 69
453,258.36
withdrawals during year, 3,674, amounting to (accounts closed 364)
increase in
amount due
depositors (accounts increased 124)
$125,772 33
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
4Ms
$59,000 U. S. Treas. Bonds
253,450 United States 4Ms
Telephone Company Bonds
Par Value
$15,000 Illinois Central 5s
65,000 Michigan Central 3Ks
10,000 Minn., St. P. & S. Ste.
M.
5s
1,000 Mobile
Public Funds, Notes
$4,000 Heath 6s
$25,000
35,000
25,000
20,000
30,000
5,000
50,000
50,000
32,000
12,000
10,000
56,000
12,000
70,000
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4Hs
Boston & Maine 4s
Boston & Maine 4Hs
Boston & Maine 6s
C,
&
B.
Q.
Chi., Mil.
&
3Hs
St. P.
4^s
&
&
Northwestern 5s
Northwestern 6s
Cleveland & Pitts. 4^s
Fitchburg 4s
Fitchburg 4J^s
Chi.
Chi.
Illinois
Central
3^s
35,000
50,000
10,000
25,000
30,000
11,000
50,000
10,000
20,000
25,000
15,000
10,000
10,000
10,000
&
$26,000 Am. Tel. & Tel. Co. 5s
10,000 N. E. Tel. & Tel. Co. 5s
Ohio 6s
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 5s
N. Y. & N. E. Term. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Pacific 5s
No
Par Value
Pacific 6s
Old Colonv 4s
Old Colony 5^s
Pennsylvania 5s
Portland Terminal 4s
Providence Terminal 4s
West Pennsylvania 4s
Wore, Nash. & Roch. 4s
Street Railway
Bonds
$75,000 Boston Elevated 4s
25,000 Boston Elevated 4Ks
35,000 West End 6Ms
Gas, Electric and Water
Com-
pany Bonds
$50,000 N. E. Power Co. 5s
8,000 West Boston Gas Co. 7s
10,000 Wore. Gas Lt. Co. 5^s
Bank Stocks
Shs.
30 First Nl. Bk., Boston
10 Merchants Nl. Bk., Boston
20 XI. Shawmut Bk., Boston
30 First Nl. Bk., Northampton
30 North Adams Nl. Bk.
141 Shelburne Falls Nl. Bk.
—
P.D.
8,
Part
I.
211
SOMERVILLE — SOMERVILLE SAVINGS BANK
Incorporated February 24,
188-3.
Number
of corporators,
W.
Frederic
Walter .Sanborn, President.
Herbert E. Bowman, Clerk of the Corporation.
J.
42
Stone, Treasurer.
Assistant Treasurer.
Ruth M. Young,
Board of Trustees: G. L. Baxter, H. E. Bowman, O. W. Codding, E. A. Davenport, t H. H. Davenport,*
H. S. Kingman, G. W. Ladd,* Fulton O'Brion, A. A. Perry, J. S. Pike, J. W. Sanborn, *t Elmer A.
Stevens, F. W. Stone, M. E. Sturtevant, Harrv Van Iderstine,* Richard Van Ummersen, A. P.
Vinal, L. R. Wentworth, W. E. Whitney,* W. H. Woodberry.t
Deposits draw interest from first business day of each month; dividends are payable June 15 and December 15. Business hours: 9 a.m. to 3 p.m.: Saturdays, 9 a.m. to 12 m.; also Mondays, 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Loans on real estate (less $13,550
due thereon)
Loans on personal security
Liabilities
$929,657
971,383
102,535
77,686
96,394
.
Bank
Deposits (12,010 accounts, average,
$5,336,411 56
9444*2)
Surplus:
Guaranty fund {$.09%
a.
of de-
....
....
posits)
b. Profit and loss
Interest, rents, etc.,
Discount unearned
less
218,000 00
143,579 67
current
121,681 35
545 18
803 68
com51,994 54
7,338 86
panies
Total Assets
00
25
00
expenses
.
Cash and cash items
61
3,334,697 50
40,694 76
38,339 73
.
trust
03
168,692 80
building (est. val., S $0,000)
Taxes, insurance, etc., paid on
mortgaged properties
Due from banks and
1924
31,
....
$5,820,217 76
Total Liabilities
$5,820,217 76
Total Expenses for the Year, including State Taxes
State
Tax (Net
)
Salaries
Rent
$14,070.47 $800.00
$5,830.46
Amount paid for
1.00
2.42
.14
Cost per $1, 000 of as
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $298,412.37.
Other Expenses
$3,886.04
Advertising
$1,492.85
.
.
.26
.
.
.
.
Rates on Investments and Loans (Average on
Total
$26,079.82
4.48
3.34
.66
.
.
.
All, 5.48
1,040 real estate loans, averaging $3,206.44 (average rate, 6%); 6%, $3,333,898.
20 personal loans, averaging $2,034.74 (average rate, 5.26%); 5%, 517.250:
$18,345; 6%, $100.
Bonds, stocks, etc. (average rate on amount invested, 4.74%).
Number of loans not over $3,000 each, 679, amounting to $1,172,220.
251 teal estate loans made during year, amounting to $1,168,775.
5M%.
$5,000;
5)4'
Dividends, Deposits and Withdrawals
Ordinary dividends declared during vear: Dec, 1923, 2J^%
June, 1924, 2)4%
Number of deposits during year, 23,035, amounting to (accounts opened 1,392)
Number
of
withdrawals during year, 10,604, amounting to (accounts closed 1,351)
Net increase
in
Board
amount due depositors (accounts increased
of
Investment.
$104,289 77
110,299 02
1.618,316 30
$1,832,905 09
1,428,955 25
1403,949 B4
41)
f
Auditing Committee.
P.D.
212
Part
8,
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Street Railway Bonds
Par Value
$10,000 Boston Elevated 4s
9,000 Boston Elevated 4Ms
10,000 Boston Elevated 5s
5,000 Lynn & Boston 6s
Par Value
$29,000 Illinois Central 3>^s
15,000 Illinois Central 4s
8,000 Illinois Central 5s
30,000 L. S. & Mich. So. 4a
20,000 Lex. & Eastern 5s
Par Value
1947,000 United States 4^s
1,000 Buffalo, N. Y., 7s
6,000 Los Angeles, Cal., 5s
1,500 Lowell 4 s
500 Lynn 4s
4,000 Revere 4Jis
500 Aeushnet 4s
,250 Aniesburv 4s
3,000 Seattle 4' 2 s
13,000
10,000
13,000
00,000
0,000
2,000
1
Louis., Cin. & Lex. 4^s
Louisville & Nashville o.s
Louisville & Nashville 0s
45,000 West
22,000 West
2,000 West
Maine Central 4^s
Maine Central 5s
Boston Terminal Co. Bonds
Man.. G. B. & Northw.
3Hs
Public Funds, Notes
$80,000 Boston Terminal
l
10,000 Michigan Central S As
15,000 Michigan Central 4s
24,000 Minn., St. P. & S. Ste.
$3,000 Hull 4s
6,300 Reading 4s
M.
M.
20,000
30,000
5,000
10,000
46,000
30,000
25,000
19,000
25,000
50,000
8,000
15,000
14,550
70,000
5,000
10,000
5,000
19,466
10,000
10,000
25,000
&
1,000 B., R. B. & Lynn 4^s
2,000 Boston & Maine 4s
13,000 Boston & Maine 4^s
25,000 C, B. & Q. 3^s
15,000 C, B. & Q. 4s
10.000 Chi., Mil. & Puget So. 4s
30,041 Chi., Mil. & St. P. 4s
15,000 Chi., Mil. & St. P. 5s
10,000 Chi.,St.P.,Minn.&0.6s
10,000 Chi. & Northwest. 5s
5,000 Cleve. Short Line 4Ks
22,000 Delaware & Hudson 4s
15,000 Fitchburg 4s
5,000 Illinois Central 3s
S. Ste.
&
18,000 N. E. Tel.
5s
Nash., Flor. &
N. Y. C. & H.
N. Y. C. & H.
N. Y. C. & H.
N. Y. C. & H.
3^s
Telephone Company Bonds
$13,000 Am. Tel. & Tel. Co. 4s
69,000 Am. Tel. & Tel. Co. 5s
4s
10,000 Minn., St. P.
Railroad Bonds
$30,000 Baltimore & Ohio 4s
20,000 Baltimore & Ohio 4J^s
34,000 Bangor & Aroostook 5s
5,000 Boston & Albany 3^s
48,000 Boston & Albany 4s
3,000 Boston & Albany 4^s
44,000 Boston & Albany 5s
End 4s
End 5s
End 6^9
Shef. 5s
Tel. Co.
Gas, Electric and Water
R. 33^s
R. 4s
R. 4V2 s
R. 5s
5fl
Com-
pany Bonds
$15,000 Char. G.
&
El.
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 5s
No. Pacific 6s
Old Colony 4s
Old Colony 5^s
Pennsylvania 4s
Pennsylvania 4^s
Pennsylvania 5s
Co. 5s
P. Co.
&
7,000 Leom. El. Lt.
4^8
2,000 Milford El. Lt.
&
P. Co.
5s
& Hud. Gas
7,000 Marlb.
Co.
5V2 s
Somerset 4s
30,000 N. B. Gas and Ed. Lt.
Co. 5s
1,000 N. B. Gas and Ed. Lt.
Co. 6s
20,000 Newb'p't Gas & Elec.
Co. 5s
56,000 N. E. Power Co. 5s
2,000 Plymouth El. Lt. Co.5s
15,000 Turners FallsP.&El.Co.
So. Pacific 4s
Pacific 5s
5s
15,000 Wore.
&
L. C. 5s
St. J.
Nw. 5s
S. L., Peoria
Man. 4s
St. P., Minn.
&
&
Union
Gas
Lt. Co. 5!4s
SOMERVILLE — SOMERVILLE INSTITUTION FOR SAVINGS
Branch
Incorporated
May
Office:
9,
1910.
1164
Broadway
Number
of corporators, 59
Ray
R. Rideout, Treasurer.
Harriet A. Osborne, Assistant Treasured
Fred F. Stockwell, President.
John J. Hayes, Clerk of the Corporation.
of Trustees: J. M. Andrews,* M. D. Bingham, G. G. Brayley,* A. L. Butler.f L. B. Chandler,
T. L. Davis, W. H. Ennis, F. J. Fitzpatrick, William Fleming,! D. B. Foster, J. E. Gillis, J. J. Hayes,
F. L. Kelley, H. P. Knight, C. E. MacKay, J. H. Maguire, A. W. Morrill, A. N. Park, N. P. Reed,*
R. R. Rideout,* A. W. Senter,*t E. F. Sewall, C. L. Shea, W. C. Smith. J. C. H. Snow, F. F.
Stockwell, W. J. Sullivan, A. J. Wilson.
Board
Deposits draw interest from tenth day of each month: dividends are payable third Saturday of January,
April, July and October. Business hours: 9 a.m. to 1 p.m.; Saturdays, 9 a.m. to 12 m.; Wednesdays,
2 to 4 p.m.; Mondays, 7 to 8.30 p.m., deposits received and paid.
STATEMENT OF CONDITION, OCTOBER
Assets
$12,365
773,815
115,750
37,872
10,000
13,275
Telephone company bonds
Federal Land Bank bonds
trust
company
stocks
....
Loans on real estate (less $6,700
due thereon)
Loans on personal security
Furniture and fixtures
Due from banks and trust com
pames
Cash and cash items
Total Assets
Board
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Bank and
31,
.
of Investment.
60
25
60
50
00
00
Surplus :a.
$2,964,870 93
191,114 50
Guaranty fund {2.60% of de
posits)
Profit and loss
Interest, rents, etc.,
b.
2,088,900 00
182,159 67
12,500 00
....
....
....
Deposits (14,767 accounts, average,
$200.78)
Christmas and other club deposits
81,980 00
23,632 09
.
expenses
Discount unearned
Other liabilities
less
curren
1,175 54
6,865 58
2,700 00
.
7,236 25
18,463 77
$3,272,338 64
Total Liabilities
t
$3,272,338 64
Auditing Committee.
P.D.
8,
Part
213
1.
Total Expenses for the Year, including State Taxes
Advertising
Salaries
Rent
State Tax (Net)
$10,877.13 $1,439.92 $6,244.41
paid for
S4.278.03
1.91
44
1.31
3.32
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $164,330.28.
Amount
.
Rates on Investments and Loans (Average on
416
real estate loans,
7%,
$544,725;
32 personal
5V2 %,
averaging $5,021.39 (average rate, 6.14%);
$27,950.
(average rate, 5.57%);
$14,000.
loans, averaging $5,692.48
Other Expenses
$5,168.90
1.58
All,
5.98%)
6%,
$10,400;
W %,
$25,000;
2
Total
$28,008.39
8.56
6.81
$1,505,825;
5%,
$25,060;
6J4%,
5^%,
$74,300: 6^%,
(average rate on amount invested, 5.72%).
Number of loans not over $3,000 each, 100, amounting to $180,038.
179 real estate loans made during year, amounting to $1,111,365.
$43,800;
Bonds,
stocks,
6%,
etc..
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan.,
1H%
Number
1924,
April, 1924,
8
July, 1924,
s
Oct., 1924,
8
of deposits during year, 48,042, amounting to (accounts opene d 5,007)
Number
of
1V %
iy %
iy %
$22,752
25,181
28,061
30,642
2,286,980
.
$2,393,618 78
1,332,275 75
withdrawals during year, 17,033, amounting to (accounts closed 2,698)
Net increase
in
amount due depositors (accounts increased
66
47
43
90
32
$1,061,343 03
2,309)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
l
$750 United States 3 As
100 United States 4s
11,450 United States 4J4s
Railroad Bonds
$105,000 Baltimore & Ohio 4J^s
115,000 Baltimore & Ohio 5s
20,000 Bangor & Aroostook 5s
60,000 Boston & Maine 4s
25,000 Boston & Maine 4Hs
10,000 Boston & Maine 7s
10,000 Chi., Mil.
285,000 Chi., Mil.
& St. P. 4s
& St. P. 43^s
Par Value
$100,000 Chi., Mil. & St. P. 5s
5,000 Maine Central 5a
10,000 N. Y. C. & H. R. 4s
35,000 N. Y. C. & H. R. 4^s
110,000 N. Y. C. & H. R. 5s
3,000 N. Y., N. H. & H. 1~
10,000 No. Pacific 4^s
60,000 No. Pacific 6s
Par Value
$4,000 West
5,000 West
End 4^s
End 5s
Telephone Company Bonds
$25,000
15,000
Am.
Am.
Tel.
Tel.
&
&
Tel. Co. 4s
Tel. Co. 5s
Bank Bonds
Omaha 4%s
Federal Land
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4K>s
Boston Elevated 5s
Eastern Mass. 4J^s
$5,000
10,000
45,000
8,000
53,000
West End
4s
$10,000
Bank Stocks
Shs.
50 Beacon Trust Co., Boston
SOUTHBRIDGE — SOUTHBRIDGE SAVINGS BANK
Incorporated April 20, 184S.
Calvin D. Paige, President.
Raymond M. Burnham,
Clerk of the Corporation.
Number
of corporators,
49
Charles A. Chapman, Treasurer.
Allan H. Faxon, Assistant Treasurer.
Board of Trustees: E. B. Armstrong,* R. M. Burnham, t E. L. Chapin. C. A. Chapman, J. G. Clarke,
W. M. Edwards, J. C. Gabree, George Grant, t H. C. Grimwode.f C. W. Hill, W. C. Lewis, J. J.
O'Shaughnessy, C. D. Paige,* J. E. Paige,* S. D. Perry,* M. A.Taylor, H. E. Wells,* M. D. Woodbury.
Depo-iT< draw interest from the first day of each month: dividends are payable January 1 and July
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; Fridays, 7 to 8 p.m.
Board
of
Investment.
t Auditing
Committee.
1.
—
P.D.
214
STATEMENT OF CONDITION, OCTOBER
Assets
8,
Part
1924
31,
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$788,758
367,840
62,000
59,518
180
Telephone company bonds
Securities acquired for debts
Loans on real estate (less $11,100
.
....
due thereon)
Loans on personal security
Bank building (est. val., 850,000)
Due from banks and trust com-
Deposits (8,003 accounts, average,
$448.89)
Christmas and other club deposits
Surplus:
a. Guaranty fund (4-95% of de-
68
00
00
75
00
.
$3,592,524 28
11,982 75
....
posits)
b. Profit and loss
Interest, rents, etc.,
2,443,408 38
162,820 52
33,000 00
178,510 00
155,894 49
current
less
expenses
22,620 73
41,780 95
2,224 97
panies
Cash and cash items
Total Assets
Total Liabilities
$3,961,532 25
$3,961,532 25
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
.
.
.21
Rates on Investments and Loans (Average on
537
real estate loans,
Other Expenses
Total
$3,386.10
$14,969.72
3.77
.85
2.98
Advertising
$830.11
$7,622.00
paid for
$1,631.51
$1,500.00
.41
1.92
.38
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $204,661.18.
averaging $4,550.10 (average rate, 5.54%);
5%,
All,
5.23%)
$50,000;
5M%,
6%,
$2,100,751;
$292,657.
55 personal
loajis,
averaging $2,960.37 (average rate, 5.41%);
5%,
$71,035;
o}4%, $25,000;
5
1
.%,
$11,000; 6%,, $55,786.
stocks, etc. (average rate on amount invested, 4.58%).
Number of loans not over $3,000 each, 324, amounting to $539,667.20.
106 real estate loans made during year, amounting to $531,400.
Bonds,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2%%
July, 1924,
2J4%
Number
of deposits
Number
of
....
$73,753 68
76,87:: 58
768,611 41
.
during year, 9,346, amounting to (accounts opened 846)
$919,238 67
723,854 64
withdrawals during year, 5,765, amounting to (accounts closed 743)
Net increase
in
amount due depositors (accounts increased
$195,384 03
103)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50,000
100,000
96,000
461,000
U. S. Treas. Bonds 4^s
U. S. Treas. Notes 4}^s
U. S. Treas. Notes 4%s
United States 4^s
Public Funds, Notes
Brockton 4s
$11,000
10,000
35,000
300
25,000
10,000
Charlton 4^9
Charlton 4^s
Southbridge 4s
Sturbridge 4^£s
Sturbridge 4^s
Railroad Bonds
Par Value
Baltimore & Ohio 4s
Boston & Albanv 4s
Boston & Maine 4s
Chi., Ind. & Southern 4s
Chi., Mil. & St. Paul 4s
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Fitchburg 4s
$10,000
100,000
12,000
10,000
10,000
35,000
19,000
30,000
15,000
10,000
25,000
10,000
Illinois
L. S.
25,000 St.
&
Nashville 5s
Minn., St. P.
&
S.
Ste.
& H.
& H.
L. C. 5s
\
Telephone Company Bonds
4s
10,000 N. Y. C.
10,000 N. Y. C.
&
Street Railway Bonds
Boston Elevated Is
Boston Elevated 4 —
Eastern Mass. 4^s
Springfield & Eastern
Mich. So. 4s
Louisville
J.
$25,000
20,000
10,000
10,000
Central 4s
&
M.
Par Value
$25,000 N. Y., N. H. & IT. 4s
10,000 No. Maine Seaport 5s
20,000 No. Pacific 6s
20,000 Pennsvlvania 5s
$40,000 Am. Tel. & Tel. Co. 5s
20,000 N. E. Tel. & Tel. Co. os
R. 4s
R. 5s
SPENCER — SPENCER SAVINGS BANK
Incorporated April
Erastus
5,
1871.
Number
of corporators, 54
Walter V. Prouty, Treasurer.
J. Starr, President.
Florence
I.
Copp, Clerk
of the Corporati
Board of Trustees: Frank Collette, Jr.,f N. E. Craig,* L. W. Dunton, W. J. Heffernan,* Joseph Houle,
H. P. Howland, J. W. Proutv,*t W. V. Prouty, E. J. Starr,* R.B. Stone, J. J. Theobald, DeWitt
Tower.t F. B. Traill, W. H. Vernon, M. A. Young.*
*
Board
of Investment.
t
Auditing Committee.
—
P.D.
8,
Part
215
I.
Deposits draw interest from first day of each month; dividends are payable January 10 and July 10.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
$434,181
439,318
65,465
12,805
47,578
Deposits (4,756 accounts, average,
$517.99)
Surplus
38
35
00
00
50
Guaranty fund (4-93%
expenses
Other
50 00
of de-
....
....
posits)
b. Profit and loss
Interest, rents, etc.,
17,680 00
5,800 00
panies
$2,463,597 95
:
o.
liabilities
1,498,574 57
57,254 53
14,000 00.
Bank building (est. val., SI 8, 000)
Due from banks and trust com
1924
Liabilities
Securities acquired for debts
Loans on real estate
Loans on personal security
31,
121,365 00
71,438 35
current
less
19,794 21
213 24
81,525 10
2,176 32
Cash and cash items
Total Assets
Total Liabilities
$2,676,408 75
$2,676,408 75
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
Advertising
Amount paid for
$2,665.89
$2,936.00
$250.00
Cost per $1,000 of assets
.99
1.10
.09
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $139,016.31.
.32
5^%,
averaging $3,003.15 (average rate, 5.99%);
real estate loans,
Total
$8,076.41
3.01
1.93
$1,31 1.24
.51
.
Rates on Investments and Loans (Average on
499
Other Expenses
$853 28
.
All,
5.39%)
6%,
$156,060;
$5,000; 7%, $59,000.
41 personal loatis, averaging $1,396.45 (average rate, 5.03%); 4^%, $5,000;
$11,000; 5*4%, $10,000; 5^%, $13,835; 6%, $7,420.
Bonds, stocks, etc. (average rate on amount invested, 4.54%).
Number of loans not over $3,000 each, 369, amounting to $392,900.20.
57 real estate loans made during year, amounting to $215,550.
$1,278,515;
4%%,
6H%,
$10,000;
5%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 5,322,
Number
of
....
2)4%
2M%
$50,622 50
52,547 77
409,157 62
July, 1924,
to (accounts opened 368)
amounting
-
$512,327 89
375,904 22
withdrawals during year, 3,623, amounting to (accounts closed 347)
Net increase
in
amount due depositors (accounts increased
$136,423 67
21)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$35,000
299,550
5,000
6,000
2,000
13,000
5,000
I
Ind. 4^s
United States 4^s
U.
S. Certif.
Camden, N.
J.,
5^s
Fall River 5s
Manchester, N. H., 5s
San Francisco,
Cal.,
4^8
Hull 5s
Public Funds, Notes
$11,600 Spencer 4Ms
67,350 Spencer 4J^s
$8,000
5,000
12,000
13,000
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Boston & Albany 4s
Par Value
Boston
Boston
$10,000
35,000
34,000
21,000
26,000
31,000
22,000
20,000
20,000
10,000
8,000
10,000
15,000
C,
B.
Conn. River 4s
Chi.,
Chi.,
Chi.,
Chi.,
Mil.
Mil.
Mil.
&
&
St. P. 4s
St. P.
4^s
& Puget So.
I. & Pac. 4s
4s
R.
Illinois Central 3s
Lake Shore & Mich So. 4s
Lime Rock 4s
Maine Central 43^s
Minn.,
M.
25,000
16,000
45,000
30,000
24,000
5,000
21,000
10,000
1,000
& Albany 5s
& Maine 4s
& Q. 4s
St.
P.
&
S. Ste.
Street Railway Bonds
Par Value
$13,000 Boston Elevated 4s
5,000 Boston Elevated 4J^s
35,000 Eastern Mass. VAs
28,000 West End 4s
Boston Terminal Co. Bonds
$15,000 Boston Terminal 3J^s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
Am. Tel. & Tel. Co. 5a
$44,000
9,000
4s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 33^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 3s
Pennsvlvania 4J^s
Portland Term. Co. 4s
$15,000 N. E. Power Co. 5s
3,000 Old Colony Gas Co. 5s
So. Pacific 4s
Shs.
Washington Co. 3^s
Gas, Electric and Water
Company Bonds
Bank Stocks
5S Spencer NI. Bk.
—
216
P.D.
— HAMPDEN
SPRINGFIELD
Number
Incorporated April 13, 1852.
Part
8,
I.
SAVINGS BANK
of corporators, 41
John B. Phelps, Treasurer.
Frank L. Whitlock, Assistant Treasurer.
Frederic H. Stebbins, President.
Ernest D. Bugbee, Clerk of the Corporation.
Board of Trustees: A. A. Adams, H. R. Bemis,* E. D. Bugbee, S. R. Carlisle, G. R. Estabrook.t W. E.
Gilbert.* G. W. Kvburg, C. H. Mulligan, *f F. B. Powers, F. H. Stebbins,* Albert Steiger, E. T.
Tifft.t F. J. Weschier.
Deposits draw interest from the fifteenth day of each month: dividends are payable February 18 and
August 18. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Fridays, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $29,000
due thereon)
Loans on personal security
....
Bank building (est. val., $210,000)
Due from banks and trust com
31,
1924
Liabilities
$691,994 25
1,839,217 00
124,000 00
141,898 75
j
Deposits (11,243 accounts, average,
$659.65)
Christmas and other club deposits
Surplus:
Guaranty fund
a.
173,125 00
43,375 00
posits)
(4.91
%
.
$7,416,477 31
98,538 57
of de-
....
368,700 00
359,014 68
22,330 03
Profit and loss
Interest, less current expenses
b.
4,728,325 00
182,999 00
160,000 00
158,499 69
21,626 90
panies
Cash and cash items
Total Assets
Total Liabilities
$8,265,060 59
.
$8,265,060 59
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
paid for
$9,571.14
$20,083.21
$4,662.30
Cost per $1,000 of assets
1.16
2.43
.56
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $371,964.30.
.
$2,570.48
.
.31
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$9,965.93
$46,853.06
1.21
5.67
3.95
5.08%)
l
496 real estate loans, averaging $9,532.91 (average rate, 5.52%); b A
%, $4,522,825; 6%, $205,500.
67 personal loans, averaging $2,731.33 (average rate, 5.41%); 5%, $32,940; hW7o, $150,05'.t.
Bonds, stocks, etc. (average rate on amount invested, 4.39%).
Number of loans not over $3,000 each, 188, amounting to $298,224.
172 real estate loans made during year, amounting to $1,433,350.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Feb., 1924,
Aug., 1924,
Number
Number
of deposits during year, 19,909,
of
2J4%
$14*,554 83
153,979 53
1,740 79
2M%
amounting to (accounts opened 1,655)
1. 7!
withdrawals during year, 9.S57 amounting to (accounts closed 1,311)
Net increase
in
amount due depositors (accounts increased 344)
»
$2,094,275 15
1,451,431 30
S6i2.S43.85
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$750,000 United States 4J4s
$125,000 Illinois Central 4s
50,000 Illinois Central 5s
100,000 L. S. & Mich. So. 4s
25,000 Maine Central 4 -50,000 Minn., St. P. & S. Ste.
Railroad Bonds
$150,000 Baltimore & Ohio 4s
50,000 Baltimore & Ohio 5s
50,000 Boston & Albanv 4s
50,000 Boston & Albanv 5s
50,000 Boston & Lowell 4Hs
50,000 B. & N. Y. Air Line 4s
100,000
100,000
50,000
100,000
50,000
100,000
B. & Q. 3^s
B. & Q. 4s"
Chi., Mil. & St. Paul 4s
Conn. River 4s
Fitchburg 4s
*
Central
Board
3Ks
Par Value
$160,000 Am. Tel.
&
Tel. Co. 4s
!
Gas, Electric and Water Com-
M.
50,000
150,000
100,000
50,000
100,000
200,000
C,
C,
Illinois
Telephone Company Bonds
Par Value
N.
N.
N.
N.
N.
X.
4s
V. C.
&
II.
R.
pany Bonds
3Ks
Y. C. &H. R. Is
Y. ('. & II. Ft. 5s
Y. & X. E. Term. 4s
Y., X. If. & H. 3}/2 s
Y., X. IT. & H. 4s
$50,000 X. B.
Gas&
Ed. Lt.
I
I
of Investment.
Street Railway Bonds
$75,000 Boston Elevated 4s
50,000 Boston Elevated 5s
Ga
5s
50,000 X. E. Power Co. 5s
75,000 Wore. Gas Lr. Co. b\
Bank Stocks
Shs.
195 XI.
Shawmut
t Auditing
Bk., Boston
Committee.
fl
—
P.D.
8,
Part
217
I.
SPRINGFIELD FIVE CENTS SAVINGS BANK
SPRINGFIELD
Incorporated April 27, 1854.
Number
of corporator.-;, 34
Ralph W. Ellis, Treasurer.
Theodore B. Winter, Assistant Treasurer.
Newrie D. Winter, President.
Albert L. Walters, Clerk of the Corporation.
Board of Trustees: Donald Birnie.t C. E. Chapin, W. H. Dexter. R. W. Ellis, Dwight Gilmore, W. P.
Hayes, Edward Kronvall,* C. E. Ladd,*f George Leonard,! H. D. Marsh, R. O. Morris, W. W.
Tapley, X. D. Winter, T. B. Winter.*
Deposits draw interest from fifteenth day of each month: dividends are payable January 20 and July 20.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Mondays, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Federal Land Bank bonds
Securities acquired for debts
Loans on real estate (less $6,600
due thereon)
Loans on personal security
Liabilities
$955,060
2,538,690
446,100
250,000
320,183
Bank building (est. vol., $400,000)
Due from banks and trust com
00
63
00
00
75
Deposits (29,433 accounts, average,
s-55446)
Christmas and other club deposits
.
$16,319,595 00
55,517 50
Surplus:
Guaranty fund (4-98%
a.
of de-
815,099 80
496,826 34
posits)
49,875 00
169,575 00
200 00
.
....
1924
31,
Profit and loss
Interest, rents, etc.,
b.
current
less
expenses and taxes
59,990
11.27^,325 99
1,446,955 95
200,000 00
58,668 88
33,394 10
panies
Cash and cash items
Total Assets
$17,747,029 30
Total Liabilities
$17,747,029 30
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
$19,338.77
$37,333.34
$3,600.00
paid for
1.09
2.11
.20
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $860,239.60.
.
Advertising
$2,189.12
.12
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$74,241.54
$11,780.31
4.18
.66
2.89
5.24%)
1,758 real estate loans, averaging $6,415.43 (average rate, 5.49%); 5%, $295,000;
$10,522,126; 6%, $161,200.
394 personal loans, averaging $3,672.48 (average rate. 5.42%); 5%, $178,350;
$1,162,606; 6%, $6,000.
Bonds, stocks, etc. (average rate on amount invested, 4.58%).
Number of loans not over $3,000 each, 1,057, amounting to $1,831,026.60.
299 real estate loans made during year, amounting to $1,501,075.
5M%>
A%,
$300,000; b l
o\i%, $100,000;
5^%,
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
234%
withdrawals during year, 29,391, amounting to (accounts closed 3,260)
Net increase
B
in
$329,090 17
344,697 69
4.288,230 45
2^%
during year, 51,750, amounting to (accounts opened 3,336)
amount due depositors (accounts increased
>ard of Investment.
76)
.
....
t
$4,962,018 31
3,788,992 01
$1,173,026 30
Auditing Committee.
—
218
P.D.
8.
Part
I
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$620,000 United States 4'4s
150,000 V. S. Treaa. Notes
75,000 U. S. Treas. Notes
4^s
4%s
Public Funds. Notes
SO, 000
18,000
30,000
25,000
33,000
9,000
Longmeadow 4s
Hampden Co. 4s
Springfield 33^s
Springfield 4s
Springfield 4^s
Wakefield 4s
Par Value
$50,000 Eastern Mass. 4^S
100,000 \\ est End 5s
100,000 West End 6s
50,000 West End 6^3
Boston Terminal Co. Bonds
$250,000 Boston Terminal
l
SV2 s
Telephone Company Bonds
.
H
Railroad Bonds
Atch., Top. & S. Fe" 4s
Baltimore & Ohio 4s
Baltimore & Ohio 5s
Boston & Albany 3J^s
Boston & Albany 4s
Boston & Albany 5s
Boston & Lowell 4s
Boston & Lowell 4 A&
$50,000
100,000
100,000
150,000
00,000
00,000
100,000
75,000
Par Value
$100,000 Boston & Maine 4J^S
50,000 B. & N. Y. Air Line 4s
100,000 C, B. & Q. 4s
100,000 Fitchburg 4s
150,000 Maine Central 4>£s
25,000 Maine Central 5s
50,000 New England 4s
75,000 New England 5s
150,000 N. Y. C. & H. R. 3Hs
200,000 N. Y. C. & H. R. OS
150,000 N. Y., N. H. & II 3^s
150,000 N. Y., N. H. &
4s
150,000 No. Pacific 0s
150,000 Old Colony 4s
200,000 Old Colony 5'-.s
125,000 Pennsylvania 4^s
25,000 Pennsylvania 5s
15,000 Portland Terminal 4s
10,000 Providence & Wore. 4s
$200,000 Am. Tel. & Tel. Co. 4s
70,000 Am. Tel. & Tel. Co. 5s
75,000 N. E. Tel. & Tel. Co. 5s
,
Gas, Electric and Water
Com-
pany Bonds
$50,000 N. E. Power Co. 5a
Street Railway Bonds
$100,000 Boston Elevated 4s
50,000 Boston Elevated 5s
Bank Bonds
Omaha 4%s
Federal Land
$170,000
SPRINGFIELD — SPRINGFIELD INSTITUTION FOR SAVINGS
Incorporated June 16, 1827.
Number
of corporators, 74
John W. B. Brand, Treasurer.
Winford N. Caldwell, President.
Alfred Leeds, Clerk of the Corporation.
J. W. B. Brand,* G. G. Bulkley, W. N. Caldwell, P. O.
W. Gilbert, S. B. Griffin, Frederick Harris,* J. W. Kirkham,* Alfred Leeds, H. A. Lev,
W.
McClench.*
W.
W. L. Mulligan,* G. D. Pratt, t W. H. Sargeant, H. D. Vining.f
Board of Trustees: L. W. Besse, H. L. Bosworth,
Dorr.t A.
Deposits draw interest from the first day of each month; dividends are payable January 1 and July
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Mondays, 7 to 9 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
....
....
Securities acquired for debts
Loans on real estate (less $156,250
.
due thereon)
Loans on personal security
Bank building (est. val, $300,000)
Due from banks and trust corn-
31,
1.
1924
Liabilities
$3,616,858
4,613,625
472,000
596,625
23
00
00
00
Deposits (59,989 accounts, average,
$601.25)
$36,068,537 86
135,929 20
Christmas and other club deposits
a.
229,000 00
523,599 00
1 00
.
Surplus:
Guaranty fund (4-98% of
posits)
....
....
b. Profit and loss
Interest, less current expenses
Discount unearned
23,459,695 00
5,248,140 00
195,000 00
de-
1,801,500
1,308,955
257,403
5,265
00
79
94
51
506,642 71
116,406 36
Cash and cash items
Total Assets
$39,577,592 30
$39,577,592 30
Total Liabilities
Total Expenses for the Year, including State Taxes
Tax (Net) Salaries
Rent
paid for
$51,837.96
$87,357.20
Cost per $1,000 of assets
1.30
2.21
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $2,014,239.09.
State
Amount
.
*
Board
.
of Investment.
Advertising
$9,298.18
.23
t
Total
Other Expenses
$40,275.10
S1SS.768.44
1.02
4 70
3.46
Auditing Committee.
)
P.D.
Part
8,
219
I.
All, 5.35 r 7
Rates on Investments and Loans (Average on
4,507 real estate loans, averaging $5,205.17 (average rate, 5.49%); 5%, $1,150,000; 5)i%, $375,000; 5H%.
$21,079,595; 6%, $855,100.
591 personal loans, averaging $8,880.10 (average rate, 5.15%); 4^%, $405,000; 4%%, $285,000: 5%,
$2,002,115; 5K%, $1,006,550; bY2 %, $1,438,275; 5%%, $12,000; 6%, $99,200.
Bonds, stocks, etc. (average rate on amount invested, 5.13%).
Number of loans not over $3,000 each, 3,253, amounting to $5,829,635.
767 real estate loans made during year, amounting to $3,207,850.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Dec, 1923,
Number
of deposits
Number
of
2}4%
2%%
$742,061 41
767,875 6a
8,607,458 69
June. 1924,
during year, 97,418, amounting to (accounts opened 6,707)
.
.
.
$10,117,395 73
8,280,454 71
withdrawals during year, 57,471, amounting to (accounts closed 5,748)
Net increase
in
amount due depositors (accounts increased 959)
$1,836,941 02
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$1,400 United States 3j^s
3,145,150 United States 4^s
281,000 U. S. Treas. Notes 4^s
127,300 U. S. Treas. Notes 4%s
150,000 Los Angeles 4M«
$25,000
150,000
50,000
200,000
25,000
35,000
50,000
1,500
Baltimore
Baltimore
110,000
100,000
150,000
600,000
376,000
100,000
100,000
50,000
40,000
50,000
50,000
50,000
100,000
250,000
30,000
50,000
35,000
50,000
319,000
50,000
130,000
200,000
285,000
50,000
200,000
&
&
Ohio 4s
Ohio 5s
Aroostook 5s
Albanv 3>^s
Albany 4s
Albany 5s
&
&
&
&
& Maine 4s
& Maine 4J^s
& Maine 6s
& Maine 7s
C, B. & Q. 3^s
Chi., Mil. & St.. P. 4s
Chi., Mil. & St. P. 5s
Chi & Northwest. 3^s
Chi. & Northwest. 4s
Chi. & Northwest. 5s
Erie & Pittsburg 3^s
Bangor
Boston
Boston
Boston
Boston
Boston
13,500 Boston
50,000 Boston
&
Par Value
$30,000 Lawrence Gas Co. 7s
150,000 N. B. Gas & Ed. Lt. Co.
& B. C. 5s
& West. 5s
& S. Ste.
Mich. C.-D.
Mil., L. S.
5s
50,000 Wore. Gas Lt. Co.
Minn., St. P.
Fitehburg 4s
Housatonic 5s
Illinois Central 3^s
Illinois Central 4s
L. S. & Mich. So. 4s
Louis. & Nash. 4^s
Bank Stocks
SllS.
30 First Nl. Bk., Adams
30 Eliot Nl. Bk., Boston, (liq.)
1,000 First Nl. Bk., Boston
200 Atlantic Nl. Bk., Boston
200 Merchants Nl. Bk., Boston
25 Mt. Vernon Nl. Bk., Boston
N. Y., N. H. & H. sy2 s
N. Y., N. H. & H. 4s
No. Pacific 6s
Old Colony 5^s
Pennsylvania 4.V£s
Pennsvlvania 5s
Phil., Bait.
&
Wash.
in liq.
Sullivan
County
200
5s
50
6s
200
00
West End 6s
West End 6Ms
Wore. & Black. Val. 4
voke, in
¥2 s
Telephone Company Bonds
$500,000 Am. Tel. & Tel. Co. 4s
50,000 Am. Tel. & Tel. Co. 5s
100,000 N. E. Tel. & Tel. Co. 5s
Incorporated
March
Shawmut
Bk., Boston
Union Bk., Boston
Second Nl. Bk., Boston
Web. it At. Nl. Bk., Boston
City Nl. Bk., Holvoke
Badley Falls, Nl. Bk. Hol-
1,000 Nl.
43 Nl.
Portland Terminal 5s
STONEHAM — STONEHAM
bV2 s
4s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 5s
Eastern Mass. 6s
$50,000
150,000
57,100
100,000
100,000
50,000
Com-
pany Bonds
Nash. 6s
Maine Central 4Hs
Maine Central 5s
Michigan Central 3j^s
15,000 Minn., St. P. & S. Ste.
M. 5s
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 4s
N. Y. C. & H. H. r,s
Hampden i^a
Hampden 5s
Railroad Bonds
$300,000
150,000
50,000
100,000
50,000
225,000
75,000
150,000
Louis.
M.
Public Funds, Notes
$12,000
Gas, Electric and Water
Par Value
Had. Falls Tr. Co., Holvoke
Holvoke Nl. Bk.
Lee Nl. Bk.
Northampton Nl. Bk.
216
400
250
300
804
20
25
25
Chapin Nl. Bk., Springfield
Pittsfield Nl.
Number
Ware Trust Co.
First Nl. Bk., Westfield
Hampden Nl.Bk., Westfield
of corporators,
Fred E. Nickerson, President.
Bk.
Chic. Nl. Bk., Springfield
Springfield Nl. Bk.
Springfield S. D. & T. Co.
Third Nl. Bk., Springfield
FIVE CENTS SAVINGS
28, 1855.
liq.
60
100
15
70
44
BANK
30
Wilfred A. Smith, Treasurer,
Frank
J.
Howell, Clerk of
the
Corporation
Board ofTrxistees: Charles Baldwin, G. E. Bell, F. H. Chase, C. J. Emerson, G. G. Graham, J. H. Green,
H. A. Hill.t Luther Hill,* B. J. Hinds,*f F. J. Howell.f G. E. Merrifield, F. E. Nickerson,* H. W.
Parker, W. A. Smith, W. B. Stevens,* C. M. White, E. L. Young.
Deposits draw interest from the first Saturday after the first Wednesday of February, May, August and
November; dividends are payable the first Wednesday of May and November. Business hours: 9 a.m.
to 2 p.m.; Saturdays, 9 a.m. to 12 m.; also Tuesdays, 6 to 8 p.m.
*
Board
of
Investment.
t
Auditing Committee.
—
P.D.
220
STATEMENT OF CONDITION, OCTOBER
31,
Assets
8,
Part
I.
1924
Liabilities
Public bonds, funds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $840.56
due thereon)
Loans on personal security
Other assets
Due from banks and trust com-
28
00
00
50
00
Deposits (4,591 accounts, average,
$269.12)
Surplus:
53,515 00
1,000 00
and
$284,544
345,070
104,530
35,142
24,964
a.
Guaranty fund {5.05%
$1,235,544 25
of de-
....
posits)
6. Profit and loss
Interest, less current expenses
62,405 89
42,989 05
29,601 24
taxes
245 00
.
487,927 44
21,599 00
20 00
9,540 77
2,442 44
panies
Cash
Total Assets
.
Total Liabilities
$1,370,540 43
$1,370,540 43
Total Expenses for the Year, including State Taxes
Salaries
State Tax (Net)
Rent
$4,446.00
$2,456.99
$293.00
paid for
1 79
3 24
.211
Cost per $1 ,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $67,556,86.
Amount
.
Other Expenses
$826.77
Advertising
$25 00
.
.
.61
.02
.
Rates on Investments and Loans (Average on
Total
$8,047.76
5.87
3.87
All,
5.02%)
254 real estate loans, averaging $1,920.97 (average rate, 6%); 6%, $487,927.
25 personal loans, averaging $863.96 (average rate, 5.88%); ±Y2 %, $1,650; 6%, $19,949.
Bonds, stocks, etc (average rate on amount invested, 4.43%).
Number
of loans not over $3,000 each, 218, amounting to $292,767.
49 real estate loans made during year, amounting to $98,850.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits
Number
of
1924,
2%
2%
....
$23,107 65
23,506 21
362,179 39
.
.
during year, 5,580, amounting to (accounts opened 330)
$408,793 25
408,387 65
withdrawals during year, 3,965, amounting to (accounts closed 411)
Net increase
in
amount due depositors (accounts decreased
81)
$405 60
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$276,000 United States
4^s
5,000 San Francisco, Cal.,43^s
11,000 Youngstown, O., 6s
Par Value
$25,000 N. Y., N. H. & H. 4s
20,000 Old Colony 4s
7,000 Pennsylvania 4)/£s
17,000 Portland Terminal 4s
12,000 Upper Coos 4s
Telephone Company Bonds
Par Value
Am. Tel. & Tel. Co. 4s
1,000 Am. Tel. & Tel. Co. 5s
15,000 N. E. Tel. & Tel. Co. 5a
$11,000
Railroad Bonds
$32,000 Baltimore & Ohio 43^s
67,000 Boston & Maine 4s
& Maine 6s
C, B. & Q. 4s
Chi., Mil. & St. P. 4Hs
Chi. & Northwestern 4s
1,500 Boston
25,000
10,000
5,000
10,000
41,000
49,000
10,000
47,000
Fitchburg 4s
Illinois Central 3>£s
N. Y. C. & H. R. 4s
N. Y. & N. E. 4s
N. Y., N. H. & H. 3Ms
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4Hs
Eastern Mass. 4>£s
$40,000
18,000
10,000
25,000
5,000
8,000
West End
West End
4s
5s
Wore. Consolidated
4
Gas, Electric and Water
$48,000 N. E. Power Co. 5s
10,000 Newb'p't Gas & Elec.
Co. 5s
'
Boston Terminal Co. Bonds
$37,000 Boston Terminal 3'js
Com-
pany Bonds
Bank Stocks
Shit)
Stoneham Trust
(
!o.
—
P.D.
8,
Part
I
221
TAUNTON — BRISTOL COUNTY SAVINGS BANK
Incorporated March
2,
Number
1846.
Walter T. Soper. President.
Randal] Dean, Ckrk of the Corporation.
Board of Trustees:
80
of corporators,
Alfred B. Sproat, Treasurer.
Chester E. Walker, Assistant Treasurer.
Anthonv, M. T. Barker,* R. F. Brooks, Jr., C. W. Davol,* Randall Dean, C. F.
Hubbard, W. R. Mitchell, T. J. Morton,* W. R. Park, Jr., C. V. Sanders.f W. T.
Thomas, * H. P. Thomas.
J. L.
Foster,t F. A.
Soper,*t E. A.
Deposits draw interest from first business day of each month; dividends are payable April
Business hours: 9 a.m. to 1 p.m.; Saturdays, 9 a.m. to 4 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Federal Land Bank bonds
Bank and trust company stocks
Loans on real estate (less $3,953.36
due thereon)
Loans on personal security
.
$3,152,275
2,105,787
171,000
200,000
179,401
1924
31,
Deposits (14,564 accounts, average,
S684-85)
|
I
Christmas and other club deposits
$9,245,997 55
64,227 34
.
Surplus:
(o%
Guaranty fund
a.
Profit and loss
Interest, rents, etc.,
b.
expenses
Discount unearned
Other liabilities
2,633,861 64
1,145,515 00
10,000 00
of de-
....
....
....
posits)
building (est. vol., 840,000)
Taxes, insurance, etc., paid on
mortgaged properties
less
465,974 00
413,507 14
current
51,713 68
24,895 50
1,189 46
737 29
.
com
276,907 08
6,109 68
panies
Cash and cash items
...
Total Assets
23
50
00
00
25
208,750 00
19,950 00
157,210 00
Bank
trust
1.
Liabilities
....
Due from banks and
and October
1
Total Liabilities
$10,267,504 67
.
$10,267,504 67
Total Expenses for the Year, including State Taxes
State
Amount Paid
for
Tax
Salaries
Rent
Advertising
Other Expenses
$19,085.40
$800.00
$1,439.89
$5,009.04
.14
.49
(Net)
$17,866.36
.
1.86
.07
1.74
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
the
year,
$524,541.59.
income
received
during
Gross
...;...
Rates on Investments and Loans (Average on
495
real estate loans,
Total
$44,200.69
4.30
2.49
averaging (5,320.93 (average rate, 5.93%);
All,
5H%.
5.13%)
$348,500;
b%%,
$26,100;
6%.
$2,259,262.
68 personal loans, averaging $16,S45.80 (average rate, 4.99%);
M%,
4%,
$25,000; 5%, $628,315; 5^%, $217,600; o l
$105,000; 4
stocks, etc. (average rate on amount invested, 4.81%).
over
$3,000 each, 370, amounting to $498,690.
Number of loans not
121 real estate loans made during year, amounting to $364,390.
$25,000; 4^%, $45,000;
$84,600; 6%, $15,000.
A%,
4^%,
Bonds,
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during vear: April, 1924,
Oct.,
Number
of deposits during year, 20,455,
Number
of
1924,
2J4%
2H%
amounting to (accounts opened
1,586)
withdrawals during year, 14,612, amounting to (accounts closed 1,527)
Net increase
*
in
Board
amount due depositors (accounts increased
of
Investment.
59)
$197,900 92
200,237 83
1,800,570 56
$2,198,709 31
1,986,633 06
$212,076 25
t Auditing Committee.
—
222
P.D.
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds. Bonds
Telephone Company Bonds
Par Value
$50,000 C, B. & Q. 4s
125,000 Chi., Mil. & St. P. 4^8
L5.000 Chi. & Northwest. 5s
00,000 Chi. & Northwest. 6a
Par Value
$280,000 l". S. Trcas. Bonds 4
100,000 l'. S. Trcas. Notes 4
75,000 l'. s. Treas. Notes 4
1,954,800 United States 4^s
50,000 Michigan 5%s
25,000 Oregon 5%a
50,000 Washington 5
1,000 Boston i}4s
126,000 Boston 5a
21,000 Brockton 4s
20,000 Cambridge 5s
5,000 Cambridge 5J^a
25,000 Canton, (>., .5,4s
25,000 Chelsea 4s
11,000 Chelsea 5a
9
25,000 Cincinnati, ()., 5
25,000 Cleveland. ().. .")'.Mich.,
5s
Detroit,
15,000
50,000 Detroit, Mich., 6s
57,000 Fall River 4s
55,000 Jersey City, N. J., 5
10,000 Lawrence 5^8
20,000 Los Angeles, Cal 4K>s
35,000 Lowell 5s
20,000 New Bedford A 2 s
15,000 New Bedford 5J4*
45,000 New Bedford o^s
25,000 Omaha, Neb., 53^s
25,000 Portland, Ore., 5s
10,000 St. Paul, Minn., 6s
30,000 Agawam 5s
.-,11,000
Chi., St. P.,
M.&O.
Par Value
$134,000 Am. Tel. & Tel. Co. 4s
65,000 N. E. Tel. & Tel. Co. 5s
6s
Gas, Electric and Water
50,000 Delaware & Hudson 4s
50,000 Fitchburg 4s
.-,0,000 Fitchburg 4j4s
50,000 Illinois Central 3>2S
30,000 L. S. & Mich. So. 4s
10,000 Lexington & Eastern 5s
75,000 Louisville & Nash. 6s
75,000 Maine Central 4J^s
25,000 Maine Central 5s
50,000 Mich.Cen.,D.&B. C. 5a
50,000 Minn., St. P. & S. Ste.
-
M.
:;
j
25,000
75,000
50,000
100,000
100,000
100,000
150,000
50,000
50,000
50,000
50,000
50,000
50,000
30,000
/
l
5s
6,000 N.B. Gas & Ed. Lt. Co.
6s
10,000 N. B. Gas & Ed. Lt. Co.
6^s
50,000 N. E. Power Co. 5a
25,000 Quincy El. Lt. & P.
50,000 Turners Falls P. & El.
Co. 5s
10,000 Wevmouth Lt. & P. Co.
!
15,000 Wore.
$35,000
15,000
21,000
50,000
50,000
Lt. Co. 5K>3
8.000 St. Louis, Mo., 5s
5,000 Spokane, Wash., 5s
St.P.,M.& Man.4^3
Union Pacific 5s
Vermont Valley 4Hs
Wore, Nash. & Roch.4s
Bank Stocks
S ns
133
100
200
50
150
100
100
Atlantic XL Bk., Boston
First Nl. Bk., Boston
Merchants Nl. Bk., Boston
Nl. Rockland Bk., Boston
Nl. Shawmut Bk., Boston
Nl. Union Bk., Boston
Second Nl. Bk., Boston
15 First Nl. Bk., No. Easton
200 Third Nl. Bk., Springfield
100 Bristol Co. Nl. Bk., Taunton,
West End 4s
West End 4Ks
in liq.
Boston Terminal Bond Co.
$200,000 Boston Terminal
Gas
Federal Land Bank Bonds
$2,000 Columbia, S. C, 5s
5,000 Houston, Tex., 5s
Street Railway Bonds
Boston Elevated 4J/
Boston Elevated 5s
East Taunton 6s
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany ZV2 s
Boston & Albanv 5s
l
Boston & Lowell A As
Boston & Maine 6s
$70,000
50,000
25,000
10,000
20,000
75,000
100,000
50,000
45,000
( '<>.
5s
Is
N. V. C. & H. R. 4s
X. Y. C. & H. R. 5s
X. V., N. H. & H. 3Hs
X. V., N. H. & H. 4s
Norfolk & Western 6s
No. Pacific Gs
Old Colony 4s
Pennsylvania 43^s
Port. & Ogdens. 43^8
Portland Terminal 4s
Com-
pany Bonds
$10,000 Eastern Mass. El. Co. 6s
34,000 N. B. Gas & Ed. Lt. Co.
100 Bristol Co. Tr. Co.,
150 Machinists Nl. Bk.,
3^s
Taunton
Taunton
TAUNTON — TAUNTON SAVINGS BANK
Incorporated February
Henry
9,
1869.
Number
of corporators, 54
Reuben W. Chase,
F. Bassett, President.
Clayton L. Reynolds, Clerk of
the
Treasurer.
Corporation
Board of Trusters: Mark Anthonv.t F. E. Austin, H. F. Bassett,* A. C. Bent, Daniel Carey, H. S. Culver,*
Albert Fuller,* R. M. Leach, Frederick Ludlam, W. A. Merrill, Nathan Newbury,* W. E. Pratt,
W. H. Reed, M. A. Rhodes,! A. C. Staples,* E. H. Temple, E. A. Tetlow.t F. L. f inkham,* H. W.
Tisdale, F. R. Washburn, F. D. Williams *
Deposits draw interest from first day of each month: dividends are payable the second Monday of January and July. Business hours: 9 a.m. to 1 p.m.; also Saturdays, 2 to 5 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and
....
$1,934,422
1,120,515
92,727
34,251
102,462
43
37
52
40
86
....
....
Deposits (14,028 accounts, average
H61.82)
Christmas and other club deposits
Surplus
a.
:
Guaranty fund
posits)
74,595 00
47,360 46
2,750,471 00
977,821 00
70,000 00
Bank building (est. val., $75,000)
Due from banks and trust com
1924
Liabilities
trust company stocks
real estate (less $3,275
Loans on
due thereon)
Loans on personal security
31,
(o%
$6,478,440 87
100,068 50
of de
329,253
284,702
109,953
24,982
509
Profit and loss
Interest, less current expenses
b.
.
Discount unearned
Other liabilities
.
12
84
69
44
72
110,363 37
12,920 77
panies
Cash
Total Assets
*
Board
.
of
Investment.
$7 327,911 18
:
Total Liabilities
f Auditing
$7,327,911 18
Committee.
P.D.
8,
Part
223
1
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
paid for
$10,444.82
$1,805.40
S12.870.04
1.42
1.76
.25
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $366,467.96.
.
$1,149.34
.16
Rates on Investments and Loans (Average on
648
real estate loans,
£2,527,021;
averaging $4,244.55 (average rate, 6%);
6^%,
$97,550;
7%,
Other Expenses
Total
$5,257.80
$31,527.40
.71
4.30
2.63
Advertising
bV2 %,
All,
5.18%)
o%%,
$93,500;
6%,
$23,000;
$9,400.
86 personal loans, averaging $11,370.01 (average
4.80%); 3M%, $35,000; 4%, $25,000: \\i%,
4.80%, $10,000; 5%, $331,926; o\i%, $160,000;
rate,
$10,000; 4H%, $155,000; 4%%, $145,000:
$105,895.
stocks, etc. (average rate on amount invested, 4.60%).
Number of loans not over $3,000 each, 437, amounting to $617,832.
151 real estate loans made during year, amounting to $586,566.
5^%,
Bonds,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2%%
2M%
1134,026 61
139,498 98
1,507,137 18
during year, 25,668, amounting to (accounts opened 1,637)
$1,780,662 77
1,500,236 51
withdrawals during year, 13,745, amounting to (accounts closed 1,571)
Net increase
in
amount due depositors (accounts increased
$280,426 26
66)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Value
,000 U. S. Certs. Indebt. 4Ms
,000 U. S. Treas. Bonds 4Ms
,000 U. S. Treas. Notes 4^s
20,000 U. S. Treas. Notes 4%s
90,000 U. S. Treas. Notes 43^s
149,900 U. S. Treas. Notes 4%s
886,850 United States 4)4s
4S.000 Massachusetts 3>2s
25,000 Michigan 5%s
10,000
20,000
60,000
12,000
15,000
25,000
15,000
10,000
15,000
10,000
10.000
Washington 6s
Akron, O., 6s
Boston 3^s
Boston 4s
Boston 5a
Cleveland, O., 514s
Columbus, 0.. 5^s
Davton, O., 53^s
Detroit, Mich., 5s
Detroit, Mich., 5^s
Detroit, Mich., 6s
18,000 Fall River 4^s
20,000 Fall River 4^s
10,000 Fall River 5J^s
5,000 Franklin 4j^s
15,000 Jersey City, N. J., S^s
20,000 Los Angeles, Cal., 5s
10,000 Los Angeles, Cal., o%s
25,000 Lowell 4^s
5,000 Lynn 4s
15,000 Lvnn 5s
10,000 Maiden 5s
10,000 Minneapolis, Minn., 4s
20,000 New Bedford 5s
10,000 New Bedford o^s
15,000 Oakland, Cal., 5^s
15,000 Omaha, Neb., 5s
12,000 Springfield 3Ms
18,500 Worcester 4^s
S.000 Wakefield 4s
Public Funds, Notes
Chicopee 4s
Cohasset 4.05%
$10,000
10,000
21,000
8,000
3,000
Dartmouth 4s
Dighton 4s
Dighton 6s
10,000 E. Bridgewater 4s
10,000 Middlesex Co. 4s
Par Value
$25,000 Norfolk Co. 4.20%
5,000 Saugus
4.20%
Par Value
$20,000 Vermont Val. 4i4s
20,000 Wore. Nash. & Roch. 4s
10,000 Will. 6c Sioux Falls 5s
Railroad Bonds
$38 000 Atch., Top. & S. !'.' Is
10 .000 Baltimore & Ohio 4s
20..000 Baltimore & Ohio 5s
20 ,000 Bangor & Aroostook 4s
50 ,000 Beech Creek 4s
50 ,000 Boston & Albany 3^s
50),000 Boston & Maine 4s
22!,500 Boston & Maine 6s
15i.OOO B., R. B. & Lvnn 4^s
30 ,000C, B. & Q. 3^s
8s,000 C, B. & Q. 4s
30 ,000 Chi., Mil. & St. Paul 4s
27',000 Chi. & Northwestern 5s
15>,000 Chi., R. I. & Pac. 4s
25>,000 Cleveland & Pitts. 3^s
27',000 Danbury & Norwalk 4s
30),000 Delaware & Hudson 4s
25>,000 Erie & Pittsburgh 33^s
20),000 Fitchburg 4s
20),000 Fitchburg 43^s
25>,000 Illinois Central 3^s
20 ,000 Illinois Central 4s
10),000 Illinois Central 5s
25 ,000 L. S. & Mich. So. 33^s
20),000 Louis. & Nashville 4^s
20 ,000 Louisville & Nashville 6s
201,000 Maine Central 4J^s
5 ,000 Maine Central 5s
401,000 Michigan Central 3J^s
20 ,000 Minn., St. P. & S. Ste.
M.
15 ,000
25 ,000
50 ,000
20),000
50 ,000
25i.OOO
25),000 Pennsylvania 4j^s
25>,000 Pennsvlvania 53
30),000 Pitts.,Va. & Charleston 4s
20 ,000 Portland Terminal Co. 4s
5>,000 Sioux City & Pac. 3^s
Union
Union
Pacific 4s
Pacific 5s
West End
West End
4s
4 Ms
Wore. Consolidated
4^s
Boston Terminal Co. Bonds
$37,000 Boston Terminal
3Hs
Telephone Company Bonds
$30,000 Am. Tel. & Tel. Co. 4s
40,000 Am. Tel. & Tel. Co. 5s
35,000 N. E. Tel.
&
Tel. Co. os
Gas, Electric and Water
Com-
pany Bonds
Hingham Water
$10,000
Co. 5s
10,000 Lawrence Gas Co. 7s
20,000 N. B. Gas & Ed. Lt. Co.
5s
10,000 N. B.
Gas & Ed.
Lt.
Co.
7s
5,000 Newb'p't Gas & Elec. Co.
5s
15,000 N. E. Power Co. 5s
5,000 Old Colony Gas Co. os
Bank Stocks
5s
New England 5s
N. Y. C. & H. R. 33^3
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Pacific 4s
155,000 No. Pacific 6s
50),000 Old Colony 4s
10,,000
15,,000
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 5a
$25,000
20,000
30,000
10,000
20.000
Shs.
20 Atlantic Nl. Bk., Boston
6
Merchants XL Bk., Boston
33 Mt. Vernon Nl. Bk., Boston,
in liq.
10 Old Colonv Tr. Co., Boston
20 Second Nl. Bk., Boston
17 Web. & At. N. Bk., Boston
4 First Nl. Bk., New Bedford
200 Merchants Nl. Bk., New Bedford
34 Bristol Co. Nl. B., Taunton,
in liq.
58 Bristol Co. Tr. Co., Taunton
9 Machinists Nl. Bk., Taunton
—
f
224
P.D.
8,
TURNERS FALLS — CROCKER INSTITUTION FOR SAVINGS
Incorporated April
Porter Farwell, /V.
3, 1869.
Number
of corporators,
I.
37
Norman
sirf< fit.
Part
P. Farwell,
T rttisurer.
Charles K. Stoughton, Clerk of the Corporatu
Board of Trustees:
Farwell,
Port.-,-
E. L. Bartlett, H. D. Bardwell, H. B. Barton, A. C. Burnham, C. A. Davis, \. P.
Farwell, E. L. Goddard,* J. A. Gunn, Jr.,* H. M. Harlow, J. H. Hubbard, Gottlieb
J. J. Leary,*t F. H. Montague, A. R. Smith, George Starbuck, C. R.
M. Lawrence,
Koch.f A.
Stoughton.
Deposits draw interest from first day of each month; dividends are payble January
ness hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
$476,926
340,280
103,398
53,107
Bank
building
(est. val.,
Due from banks and
855,000)
trust
1.
Busi-
1924
Deposits (5,905 accounts, average,
8597.35)
Surplus:
a. Guaranty fund (4-97% of de-
$3,527,387 80
....
posits)
2,283,008
367,214
42,000
4,870
Furniture and fixtures
10
30
75
50
74,250 00
7,500 00
30 00
.
....
and July
Liabilities
Securities acquired for debts
Loans on real estate (less $30,000
due thereon)
Loans on personal security
31,
1
b. Profit and loss
Interest, rents, etc.,
less
175,435 73
80,157 14
current
expenses and taxes
15,984 54
00
38
00
24
com
panies
40,895 39
5,484 55
Cash and cash items
Total Assets
$3,798,965 21
Total Liabilities
$3,798,965 21
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
$418.43
paid for
$3,868.30
$9,359.74 $1,500.00
2.46
1.02
.39
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $191,668.75.
.
.
.11
Other Expenses
Total
$2,392.54
$17,539.01
.63
4.61
3.20
Rates on Investments and Loans (Average on AH, 5.30%)
400
135
A%);
A%,
real estate loans, averaging $5,707.52 (average rate, o l
bx
personal loans, averaging $2,720.10 (average rate, 5.76%);
5%,
$2,283,008.
$32,162; o\i%, $108,500;
6%,
$226,552.
(average rate on amount invested, 4.71%).
not over $3,000 each, 401, amounting to $479,882.88.
46 real estate loans made during year, amounting to $260,100.
Bonds,
stocks, etc.
Number of loans
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2M%
2U%
withdrawals during year, 3,151, amounting to (accounts closed 352)
Net increase
in
Board
$74,173 61
76,511 75
569,670 91
during year, 7,298, amounting to (accounts opened 522)
amount due depositors (accounts increased
of
Investment.
170)
.
t
$720,356 27
564,082 72
$156,273 55
Auditing Committee.
—
P.D.
Part
8,
225
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$324,000 United States 4J4s
90,000 U.S. Treas. Notes 4 Ms
20,000 Missouri 5s
25,000 Boston 3Hs
Public Funds, Notes
$25,000 Gill 4Ms
2,500 Turners Falls
D.)
(F.
5^s
1,000 Turners Falls (F. D.) 6s
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 43^s
Baltimore & Ohio 5s
Boston & Maine 4s
Boston & Maine 4^9
Chi., Mil. & St. Paul 4s
$3,000
15,000
30,000
25,000
49,000
10,000
10,000
10,000
Chi., Mil.
&
4Hs
St. P.
Par Value
$10,000
2,000
10,000
8,000
12,000
15,000
16,000
15,000
10,000
5,000
35,000
10,000
15,000
13,000
30,000
10,000
5,000
Chi., R.
I.
&
Pac. 4s
Conn. & Pass. Rivers 4s
Delaware & Hudson 4s
Fitchburg 4s
Fitchburg 4^s
Fitchburg 5s
Illinois Central 3J^s
Illinois Central 4s
Louisville & Nash. 5s
N. Y., N. H. & H. 3V2 s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 4J^s
Old Colony 4s
Pennsylvania 4Hs
4Ms
Wore, Nash. & Roch.
Vermont
Par Value
$5,000 Fitchburg & Leom. 7s
10,000 Hoosac Valley 7s
10,000 West End 4J^s
10,000 West End 5s
10,000 Wore. Consolidated 4J^s
Telephone Company Bonds
$55,000 Am. Tel. & Tel. Co. 5s
Gas, Electric and Water
&
Ed. Lt. Co.
5s
30,000 N. E. Power Co. 5s
30,000 Turners Falls P. & Elec.
Val.
4s
Street Railway Bonds
$10,000 Boston Elevated 4s
40,000 Boston Elevated 43^9
15,000 Eastern Mass. 4^s
Com-
pany Bonds
$15,000 N. B. Gas
Co. 5s
Bank Stocks
Shs.
75 Crocker
NX
Bk., Turners Falls
UXBRIDGE — UXBRIDGE SAVINGS BANK
BRANCH OFFICE— CENTRAL STREET, MILLVILLE
Incorporated June
3,
1870.
Number
of corporators,
43
Millens W. Taft, Treasurer.
Eva G. Salmon, Assistant Treasurer.
Charles W. Scott, President.
Charles E. Cook, Clerk- of the Corporation.
Board of Trustees: E. E. Albee, F. W. Barnes, C. A. Barton, F. P. Brady, H. C. Bridges, C. E. Cook.t
S. V. Crane, A. E. Donald, F. J. Hamilton,* W. E. Hayward,* W. L. Hayward, C. E. W. Matthews.t
H. D. McCowan, R. H. Newell, C. A. Root, W. E. Schuster, C. W. Scott,* A. C. Seagrave,* M. W.
Taft, Arthur Wheelock,* S. H. Wheelock.f
Deposits draw interest from the first business day of each month; dividends are payable January 5 and
July 5. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; Fridays, 7 to 8 p.m., for deMillville branch, Fridays 3 p.m. to 5 p.m.
posits only.
STATEMENT OF CONDITION, OCTOBER
Assets
$433,858
274,050
62,670
50,158
Telephone company bonds
Gas, electric and water company
bonds
1
Due from banks and
trust
00
1,697,188 91
151,016 00
15,000 00
....
1%
....
Deposits (4,521 accounts, average
$664.36)
Christmas and other club deposits
Surplus:
Guaranty fund
a.
.
....
80
00
00
75
29,587 50
15,010 00
company
stocks
Securities acquired for debts
Loans on real estate (less $5,633.34
due thereon)
Loans on personal security
Bank building (est. val, $25,000)
Furniture and fixtures
trust
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Bank and
31,
posits)
$2,551,422 36
28,994 00
of de
(3.1
80,300
66,415
40,765
2,784
5
Profit and loss
Interest, less current expenses
b.
.
Discount unearned
Other liabilities
.
00
90
42
51
00
500 00
com
39,360 65
2,285 58
Cash
$2,770,687 19
Total Assets
Total Liabilities
.
$2,770,687 19
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
$5,975.00 $790.00
paid for
$2,478.80
2.16
.29
.89
Cost per $1 ,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $143,009.91.
.
.
Advertising
$447.68
Other Expenses
$3,638.04
.16
1.31
.
*
Board
of
Investment:
t Auditing
Committee.
Total
$13,329.52
4.81
3.63
226
P.D.
Rates on Investments and Loans (Average on
All, 5.46'
8,
Part
I.
,'
)
A%,
A%,
averaging $3,595.71 (average rate, 6%); b
$38,500; 6%, $1,610,789; 6 l
$47,900.
22 personal loans, averaging 86,864.36 (average rate, 4.68%); 4%, $20,000;
$15,000; 43^%,
$40,000; 4 4 %, $30,000; 5%, $23,800; 5\i%, $10,000; 5)4%, $7,525: 6%, $4,691.
Bonds, stocks, 'etc. (average rate on amount invested, 4.54%).
Number of loans not over $3,000 each, 270, amounting to $376,326.25.
Ill real estate loans made during year, amounting to $407,650.
472
real estate loans,
x
4M%,
:!
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2)4%
during year, 10,263, amounting to (accounts opened 1,173)
$51,180 15
53,762 41
575,691 48
withdrawals during year, 3,499, amounting to (accounts closed 483)
$6S0,634 04
500,586 75
July, 1924,
Number
of deposits
Number
of
Net increase
in
.
2H%
amount due depositors (accounts increased 690)
$180,047 29
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$20,000 U. S. Treas. Notes 4)^s
20,000 U. S. Treas. Notes 4%s
40,000 U. S. Treas. Notes 4)^s
65,000 U. S. Treas. Notes 4%s
180,150 United States 4Ms
60,000 U. S. Treas. Bonds
4Ms
Public Funds, Notes
188,000 Millville 5s
4,800 Norwood 5s
20,000 Uxbridge 4 Ms
20,000 Uxbridge 4)^a
$10,000
15,000
10,000
5,000
5,000
5,000
10,000
10,000
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4)^s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
B., R. B. & Lynn 4)4s
C..B.&Q. 4s
Par Value
$5,000
20,000
15,000
30,000
10,000
10,000
10,000
15,000
24,000
5,000
10,000
10,000
18,000
10,000
10,000
5,000
10,000
5,000
Chi., Mil.
Chi., Mil.
Par Value
&
&
St.
St.
Paul 4s
Paul 4)^s
Fitchburg 4s
Illinois Central 3)^s
Louisville & Nash. 5s
Maine Central 4)^s
Michigan Central 3)4s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3)^s
N. Y., N. H. & H. 4s
No. Pacific 4Hs
Old Colony 5Ms
Pennsylvania 4)^s
Portland & Rum. Falls 4s
Portland Terminal 4s
Providence & Wore. 4s
So. Pacific 4s
$3,000 Mil., Holl. & Fram. 7s
10,000 West End 4s
Telephone Company Bonds
$46,000 Am. Tel. & Tel. Co. 4s
2,000 Am. Tel. & Tel. Co. 5s
2,000 N. E. Tel. & Tel. Co. 4s
6,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$15,000 N. E. Power Co. 5s
5,000 Pittsfield Electric Co. 6a
10,000 Wore. Gas Lt. Co. 5)4s
Upper Coos 4Ms
Street Railway Bonds
$20,000 Boston Elevated 4s
10,000 Boston Elevated 4Hs
5,000 Boston Elevated 5s
6,000 Eastern Mass. 4)^s
10,000 Lynn & Boston 5s
Bank Stocks
Shs.
25
20
29
78
Nl.
H
Shawmut
Bk., Boston
Clinton Tr. Co., Clinton
Franklin Nl. Bk.
Black. Nl. Bk., Uxbridge
WAKEFIELD — WAKEFIELD SAVINGS BANK
Incorporated
May
John W. White, President.
Arthur L. Wiley, Clerk of the Corporation.
26, 1869.
Number
of corporators,
62
Melvin W. Boardman, Treasurer.
Frances A. Mansfield, Assistant Treasurer.
Board of Trustees: W. O. Abbott, t F. H. Atwood, M. W. Boardman,* E. T. Bonney, Hugh Connell,*
H. M. Dolbeare, A. L. Evans, J. L. Gooch,* J. S. Griffiths, A. T. Locke,* W. A. Mann.t C. E. Walton,
J. W. White.f A. L. Wiley.f C. N. Winship.
first business day of each month; dividends are payable on the third
Wednesday of February and August. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.;
Mondays and the first business day of each month from 6 to 8 p.m.
Deposits draw interest from the
*
Board
of
Investment.
t Auditing
Committee.
—
P.D.
Part
8,
227
I.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$661,826
499,506
127,102
67,640
59,928
Boston Terminal Co bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $27,975
due thereon)
Loans on personal security
.
.
.
$3,339,543 58
:
....
....
110,239 92
72,606 46
44,901 58
posits)
b. Profit and loss
Interest, less current expenses
Other
liabilities
11
1,548,332 00
405,722 50
12,044 18
1,661 43
Bank
building (est. val., $20,000)
Furniture and fixtures
trust
Deposits (9,526 accounts, average,
$350.57)
Surplus
a. Guaranty fund (3.30% of de-
78
75
25
00
00
131,704 15
25,200 00
.
Due from banks and
1924
com
24,708 30
1,915 31
panies
Cash and cash items
Total Assets
Total Liabilities
$3,567,291 65
$3,567,291 65
.
Total Expenses for the Year, including State Taxes
Amount
State Tax (Net)
$5,794.27
Rent
Salaries
Advertising
$451.95
$8,588.87
$360.00
paid for
2.41
1.62
.10
Cost per $1,000 of assets
tax
State
and
rent
of
not
including
per
assets
$1,000
Cost
Gross income received during the year, $191,482.51.
.
.13
Rates on Investments and Loans (Average on
731 real estate loans, averaging $2,118.10 (average rate,
40 personal loans, averaging $10,143.06 (average rate,
$10,000;
5M%,
$180,000;
5^%,
6%,
$28,500;
Other Expenses
$2,599.98
.72
All,
Total
$17,795.07
4.98
3.26
5.32%)
6%); 6%, $1,540,292; 6^%, $8,040.
4.98%); 4M%. $50,000; AV2 %, $110,000;
$27,223.
5%,
stocks, etc. (average rate on amount invested, 4.73%).
Number of loans not over $3,000 each, 536, amounting to $856,042.
191 real estate loans made during year, amounting to $505,055.
Bonds,
Dividends, Deposits and Withdrawals
$65,547 88
69,107 84
1,168,759 95
l
Ordinary dividends declared during year: Feb., 1924, 2 /i%
Aug., 1924,
amounting
to (accounts opened 1,130)
Number of deposits during year, $15,719,
2M%
Number
of
•
.
$1,303,415 67
1,056,031 24
withdrawals during year, 11,425, amounting to (accounts closed 1,119)
Net increase
in
amount due depositors (accounts increased
$247,384 43
11)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$700 United States 3^s
653,200 United States 4^s
10,000 U. S. Treas. Bonds 4Ms
10,000 U. S. Treas. Notes 4%s
11,000 Wakefield 33^s
Par Value
$40,000 Fitchburg 4s
14,000 Fitchburg 43^s
9,000
10,000
5,000
6,000
10,000
Central 5s
Lexington & Eastern 5s
Illinois
Louisville
Railroad Bonds
Aroostook & Northern 5s
Baltimore & Ohio 3^s
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany 3^s
Boston & Lowell 4^s
Boston & Maine 4s
Boston & Maine 4J^s
1,000 B., R. B. & Lynn 4^s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4^s
Chi. & Northwestern 4s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Conn. & Pass Rivers 4s
20,000
20,000
10,000
65.000
5,000
3,000
.
10,000
24,000
60,000
25,000
30,000
8,000
10,000
5,000
1,000
17,000
4,000
4,000
&
Me. Cent.-E.
Minn.,
M.
$1,000
5,000
5,000
10,000
15,000
13,000
53,000
5,000
3,000
5,000
10,000
St.
Nashville 5s
& N. A. 4s
P.
&
S.
Ste.
5s
No. Maine Seaport 5s
No. Pacific 5s
No. Pacific 6s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 4s
Old Colonv 4s
Old Colony 5^s
Pennsylvania 43^3
Somerset 4s
So. Pacific 4s
Upper Coos 4s
Upper Coos 43^s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4^3
$15,000
15,000
61,000
23,000
20,000
Boston Terminal Co. Bonds
Par Value
$71,000 Boston Terminal 33^s
West End 4s
West End 43^3
West End 6^9
Telephone Company Bonds
$25,000
30,000
Am.
Am.
& Tel. Co.
& Tel. Co.
& Tel. Co.
N. E. Tel.
4s
5s
5s
Gas, Electric and Water
Com-
1 1
,000
Tel.
Tel.
pany Bonds
& Elec. Co. 5s
1,500 Greenfield Gas Lt. Co. 5s
10,000 Marl.&Hud.GasOo.SJ^s
25,000 N. B. Gas & Ed. Lt. Co.
$10,000 Char. Gas
6^s
10,000 Newb'p't
Gas &
Elec. Co.
5s
65,000 N. E. Power Co. 5s
15,000 Turners Falls P. & E. Co.
5s
Bank Stocks
Shs.
16 Second Nl. Bk., Boston
177 Wakefield Trust Co.
—
228
€
P.D.
WALTHAM — WALTHAM SAVINGS BANK
Incorporated
March
18, 1S53.
Number
8,
Part
I.
of corporators, 94
William B. Comstock, Treasurer.
George R. Beal, President.
Arthur
II.
Paul, Clerk of the Corporation
Board of Trustees: C. F. Allen,* T. H. Armstrong,* G. R. Beal,* H. P. Buncher.f W. B. Comstock, M. F.
Cunningham, H. E. Dennen, C. F. French, C. O. Morrill, *t J. P. Morrissey, A. H. Paul.t C. W.
Potter,* -1. M. Quinn, K. P. Smith, C. F. Stone, G. B. Willard, Gleason Wood, J. R. Worcester.*
Deposits draw interest from tenth day of each month; dividends are payable the tenth day of April and
Business hours: 8.30 a.m. to 2.30 p.m.; Saturdays, 8.30 a.m. to 12 m.; also Wednesdays,
October.
for deposits only, 7 to 8 p.m.
(
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and
trust
company
Securities acquired for debts
on
real
estate
sessed value, $13,090)
insurance, etc.,
mortgaged properties
Deposits (14,763 accounts, average,
$490.53)
Surplus:
a.
$7,241,602 43
.....
Guaranty fund (5.07%
posits)
77,657 50
169,811 75
1,425 00
4,915,692
245,980
123,513
15,234
b. Profit and loss
Interest, rents, etc.,
of de-
367,000 00
307,736 27
current
less
expenses and taxes
,293 33
53
00
63
64
etc., (as-
14,140 02
.
on
paid
Taxes,
Due from banks and
$767,286 53
1,254,520 00
149,465 00
54,700 00
(less
$35,668.12 due thereon)
Loans on personal security
Bank building (est. vol., $91,500)
Furniture and fixtures
Real estate by foreclosure,
1924
Liabilities
stocks
Loans
31,
977 10
.
trust
com
120,987 79
13,240 54
panies
Cash and cash items
Total Assets
Total Liabilities.
$7,924,632 03
$7,924,632 03
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
$22,507.48 $2,500.00
$7,338.59
paid for
2.84
.92
.32
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $419,795.40.
.
.
Advertising
Other Expenses
$3,226.64
$5,882.97
.41
.74
Rates on Investments and Loans (Average on
All,
Total
$41,455.
5.23
3.99
5.60%)
(average rate, 6%); 5%, $51,800; 5H%, $5,000;
1,277 real estate
$4,794,693; 6H%, $10,200; 7%, $54,000.
l
(average
averaging
$3,236.58
rate, 5.34%); 5%, $114,430; 5 A%,
$94,050:
76 personal loans,
$37,500.
amount
invested,
rate
on
(average
4.83%).
Bonds, stocks, etc.
Number of loans not over $3,000 each, 739, amounting to $1,167,665.
263 real estate loans made during year, amounting to $1,043,500.
loans,
averaging $3,849.41
6%
6%,
Dividends, Deposits and Withdrawals
Oiuinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 23,840,
Number
of
Net
1924,
2J^%
2H%
amounting to (accounts opened
1,523)
withdrawals during year, 12,816, amounting to (accounts closed 1,184)
increase in
*
Board
amount due
of
depositors (accounts increased 339)
Investment.
.
t
$151,588 01
156.6H6
1,644,894 33
$1,953,149 23
1,554,884 78
$398,264 45
Auditing Committee.
—
P.D.
8,
Part
229
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$100,000 U. S. Treas. Bonds 4Ms
635,750 United States 4i4s
50,000 U. S. Treas. Notes 4^s
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Chi., Mil. & St. Paul 4s
$75,000
166,000
75,000
20,000
77,000
261,000
100,000
50,000
130,000
30,000
50,000
55,000
Chi., Mil.
Chi., Mil.
Fitchburg 5s
Illinois Central 4s
Maine Central 4J^s
Maine Central 5s
X. Y. C. & H. R. 4s
&
Ed. Lt. Co.
5s
65,000 X. E. Power Co. os
Street Railway Bonds
Boston Elevated 4^s
Boston Elevated 5s
Eastern Mass. 6s
Milford & Uxbridge 7s
St. P.
St. Paul 5s
Com-
pany Bonds
Par Value
$15,000 X. B. Gas
$6,000
78,000
53,500
25,000
4^s
&
&
Gas, Electric and Water
Par Value
170,000 X. Y. C. & H. R. 43^s
100,000 X. Y., X. H. & H. 3V2 3
22,000 X. Y., X. H. & H. 4s
31,000 Xo. Maine Seaport 5s
20,000 Xo. Pacific 6s
21,000 Pennsylvania 4J^s
25,000 W. Va. & Pitts. 4s
Bank Stocks
Shs.
100
171
158
150
40
25
Telephone Company Bonds
$6,000 Am. Tel. & Tel. Co. 5s
50,000 N. E. Tel. & Tel. Co. 5s
Beacon Trust Co., Boston
First XI. Bk., Boston
Merchants XI. Bk., Boston
XI. Shawmut Bk., Boston
Waltham
XI. Bk.
Second XI. Bk., Boston
WARE — WARE SAVINGS BANK
Branch
Incorporated
J.
Office:
March
5,
Main
Street, Gilhertville
1850.
Xumber
H. Grenville Gilbert, President.
George W. Dunham, Clerk of
of corporators, 21
Frederick D. Gilmore, Treasurer.
the Corporation
Board of Trustees: H. P. Cummings.t J. H. G. Gilbert,! F. D. Gilmore,* C. C. Hitchcock, t H. K. Hyde,*
J. H. Joliffe, Timothy Paige,* A. H. Richardson, G. D. Storrs.f G. E. Tucker.f C. B. Wetherby.f
Deposits draw interest from first business day of each month; dividends are payable January 1 and July 1.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m. Gilbertville Branch, Tuesdays, 12 m.
to 2.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Bank and trust company stocks
$114,746
3,523,887
422,792
41,375
171,736
390,711
2
.
Securities acquired for debts
Loans
on
real
estate
.
....
....
Deposits (11,534 accounts, average
97 15.90)
Christmas and other club deposits
Surplus
a.
:
$8,257,196 85
38,161 50
Guaranty fund (5.10% of de
16
posits)
00
Profit and loss
Interest, rents, etc.,
3,405,404 73
972,372 68
37,000 00
$48,620.61)
trust
00
25
50
00
25
(less
$89,499.76 due thereon)
Loans on personal security
Bank building (est.val.
Due from banks and
1924
31,
b.
422,889 85
402,539 54
.
current
less
172,029 48
1,242 09
expenses and taxes
Discount unearned
.
com197,865 38
16,166 36
panies
Cash
Total Assets
$9,294,059 31
Total Liabilities
$9,294,059 31
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Salaries
Rent
Amount paid for
$21,691.69
$18,265.00
$1,620.00
Cost per $1,000 of assets
2.33
1.97
.17
Cost per $1,000 of assets not including State tax and rent
o
Gross income received during the vear, $4S2,9 10.43.
.
.
Advertising
Other Expenses
$181.70
$6,843.97
.02
.74
Rates on Investments and Loans (Average on
812
real estate loans,
averaging $4,193.S5 (average rate, 5.49%);
6%,
$3,171,031;
1%,
All,
Total
$4S,602.36
5.23
2.73
5.32%)
$5,700;
5%,
$138,447; f>W7e\
$90,227.
79 personal loans, averaging $12,308.51 (average rate, 5.02%) 4M%, $35,000; 4)4%, $175,000; 4M%.
$125,000; 4^%,, $50,000; 5%, $99,000; 53^%, $25,000; b\i%, $302,000; 5>4%, $111,038;
;
6%,
Bonds,
50,335.
stocks, etc.
Number
(average rate on
amount
invested, 5.27%).
amounting to $666,729.98.
amounting to $333,430.
of loans not over $3,000 each, 487,
65 real estate loans
*
Board
made during
of
year,
Investment.
t Auditing Committee.
P.D.
230
S,
Part
I.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of withdrawals during year, 8,593,
2%%
2M%
$17S,903 46
.
184,593 26
1,281,088 45
during year, 14,164, amounting to (accounts opened 949)
4,585 17
1,508,532 55
$1,0-4
Net increase
in
amounting
amount due depositors (accounts
to (accounts closed 942)
increased 7)
.
$130,052 62
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000 Boston 4s
25,000 Boston 4 Ma
30,000 Hardwick 5^s
Par Value
Mobile
24,000 Haverhill 4s
11,000 Seattle, Wash., 5s
$98,000
71,000
25,000
104,000
25,000
50,000
10,000
133,000
50,000
80,000
147,255
75,000
25,000
50,000
50,000
165,000
5,000
35,000
25,000
20,000
37,000
50,000
50,000
25,000
150,000
25,000
25,000
50,000
4,000
35,000
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
l
Boston & Maine A /
2s
R. B. & Lynn 43^s
B. & Q. 4s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4J^s
Chi., Mil. & St. Paul 5s
Chi. & Northwestern 5s
Chi. & Northwestern 6s
Chi., St. P., M. & O. 6s
Dexter &5Piscataquis 4s
B.,
C,
Fitchburg 4^s
Fitchburg 5s
&
Mo. Val. 6s
Fre., Elk.
Illinois Central 4s
G. R. 5s
Kal., Alle.
&
L. S. & Mich So. 3^s
L. S. & Mich. So. 4s
Louisville & Nashville 5s
Maine Central 4^s
Maine Central 5s
Mich.Cent.,D.&B.C.5s
&
West. 5s
Minn.,St.P.&S.Ste.M.4s
Mil., L. S.
$18,000
22,000
51,000
50,000
117,000
75,000
105,000
85,000
185,000
318,000
35,000
50,000
38,000
125,000
25,000
25,000
24,000
25,000
50,000
100,000
26,000
49,000
25,000
50,000
19,000
102,000
15,000
15,000
27,000
60,000
50,000
50,000
50,000
&
Par Value
$75,000 Boston Elevated 6s
Ohio 6s
Montana Central
Montana Central
94,000 West
67,000 West
5s
6s
Nash., Flor. & Shef. 5s
New England 5s
New Orleans & Mobile 6s
N. Y. C. & H. R. 3Hs
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. SV2 s
N. Y., N. H. & H. 4s
No. Pacific 4s
No. Pacific 5s
No. Pacific 6s
Norwich & Worcester 4s
Old Colony 3^s
Old Colony 4s
Old Colony 5^8
Pennsylvania 4s
Pennsylvania 5s
Portland Terminal 5s
Ports., Gt. F. & C. 4^8
Providence Terminal 4s
Rum. F. & R. Lakes 5s
So. Pacific 5s
St.
St.
St.
St.
J.
&L.C.5s
V
&
&
Man. 4 2 s
P., Minn.
Man. 6s
P., Minn.
L., P.
Northw. 5s
&
Union Pacific 4s
Union Pacific 5s
Vermont Valley 4^s
Will.
&
Sioux Falls 5s
Street Railway
Bonds
$50,000 Boston Elevated 4s
89,000 Boston Elevated 4}^s
50,000 Boston Elevated 5s
End
End
5s
7s
Boston Terminal Co. Bonds
$50,000 Boston Terminal
3^3
Telephone Company Bonds
$13,000 Am. Tel. & Tel. Co. 5s
159,000 N. E. Tel. & Tel. Co. 5s
Bank Stocks
Shs.
5 Greylock Nl. Bk., Adams
5 First Nl. Bk., Amherst
40 Millers River Nl. Bk., Athol
225 First Nl. Bk., Boston
90 Atlantic Nl. Bk., Boston
67 Merchants Nl. Bk., Boston
1,000 Nl. Shawmut Bk., Boston
34 Nl. Union Bk., Boston
50 Old Colony Tr. Co., Boston
350 Second Nl. Bk., Boston
25 State St. Trust Co., Boston
117 Web. & At. Nl. Bk., Boston
75 First Nl. Bk., Easthampton
123 City Nl. Bk., Holvoke
17 Monson Nl. Bk.
100 Chapin Nl. Bk., Springfield
62 Chicopee Nl. Bk., Springfield
50 Union Tr. Co., Springfield
273 Ware Trust Co.
76 Wore. Bank & Trust Co.
WAREHAM — WAREHAM SAVINGS BANK
Incorporated April
Walton
S.
13, 1S47.
Number
of corporators,
Delano, President.
35
Josiah L. Eldredge, Treasurer.
Edward
C. Bodfish, Clerk of the Corporation
Board of Trustees: Ellis D. Atwood, E. C. Bodfish, G. P. Bolles,* Fletcher Clark, R. T. Delano, W. S.
Delano.f A. R. Eldridge,* J. L. Eldredge,* H. S. Griffith, J. C. Makepeace, t C. E. Morse, Arthur
Underwood, Beiij. Waters, J. W. Whitcomb.
Deposits draw interest from the first business day of each month; dividends are payable the tenth day of
January and July. Business hours: 9 a.m. to 2 p.m.; Saturdays, 9 a.m. to 12 m. and 6.30 to 8 p.m.
*Board
of
Investment.
f Auditing
Committee (one vacancy).
—
P.D.
8,
Part
231
1
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $5,285.71
due thereon)
Loans on personal security
....
Bank
building (est. vol., $24,919.03)
Real estate by foreclosure, etc. (assessed value, $500)
Due from banks and
trust
1924
$473,664
423,000
50,000
25,000
60,760
Deposits (5,839 accounts, average,
$614-31)
Surplus
a. Guaranty fund (4.72% of de-
00
00
00
00
00
$3,586,979 43
:
....
posits)
b. Profit and loss
Interest, less current expenses
10,000 00
62,100 00
169,309 00
181,673 82
65,738 05
.
2,446,332 79
268,250 00
24,919 03
200 00
com
153,937 86
5,536 62
panies
Cash and cash items
Total Assets
Total Liabilities
$4,003,700 30
$4,003,700 30
Total Expenses for the Year, including State Taxes
Tax (Net)
Salaries
Rent Advertising
paid for
$3,015.91
$8,936.00 $675.00
$642.00
Cost per $1,000 of assets
.75
2.23
.17
16
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $212,611.39.
State
Amount
.
.
Rates on Investments and Loans (Average on
Other Expenses
$4,389.12
All,
1.10
Total
$17,658.03
4.41
3.49
5.75%)
1,086 real estate leans, averaging $2,254.68 (average rate, 6.08%) 5^%, $10,000; 6%, $2,236,816; 6^%,
$14,850; 7%, $184,667.
38 personal loans, averaging $7,059.21 (average rate, 5.09%); 4M%. $45,000; 4.80%, $25,000; 5%,
$15,000; 5M%, $140,000; 5J^%, $14,175: 6%, $28,900; 7%, $175.
Bonds, stocks, etc. (average rate on amount invested 5.18%).
Number of loans not over $3,000 each, 911, amounting to $1,241,507.50.
180 real estate loans made during year, amounting to $459,150.
;
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2^o%
July, 1924,
2H%
Number
of deposits
Number
of
$77,799 78
81,488 78
853,639 47
during year, 7,629, amounting to (accounts opened 722)
$1,012,928 03
701,704 30
withdrawals during year, 4,618, amounting to (accounts closed 625)
Net increase
in
amount due depositors (accounts increased
$311,223 73
97)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$275,000 United States 4j^s
100,000 U. S. Treas. Notes 4J^s
75,000 U. S. Treas. Notes 4%s
15,000 Boston 4s
10,000 Seattle, Wash., 5s
Public Funds, Notes
$2,000 Marion 3%s
500 Marion 4s
Railroad Bonds
Baltimore & Ohio 5s
Boston & Albany 5s
Boston & Maine 4s
Boston & Maine 6s
$20,000
25,000
20,000
5,000
15,000
10,000
15,000
20,000
5,000
10,000
15,000
C,
B.
&
Q. 4s
Chi., Mil.
Chi.
&
&
St. P.
4^s
Northwestern 4s
Chi., St. P.,
M. &
O. 6s
Conn. River 4s
& Mo.
13,000
10,000
20,000
15,000
20,000
25,000
10,000
20,000
30,000
20,000
25,000
20,000
20,000
10,000
&
Telephone Company Bonds
Oswegatchie 5s
Maine Central
5s
Me.Cent.-E. & N. A. 4s
Mich. Cen.-D.& B.C. 5s
Mil., L. Sh. & West. 5s
Mobile & Ohio 6s
N. Orleans & Mob. 6s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
Norfolk & Western 6s
Pennsvlvania4Hs
Minn. & Man. 6s
Willmar & Sioux Falls 5s
Val. 6s
Par Value
$60,000 Am. Tel. & Tel. Co. 4s
12,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Wore, Nash. & Roch.
Street Railway
4s
Bonds
$20,000 Boston Elevated 4^s
10,000 Boston Elevated 6s
20,000 West End 5s
$25,000 Boston Terminal
3^s
Com-
pany Bonds
$10,000 Lawrence Gas Co. 7s
Bank Stocks
St. P.,
Boston Terminal Co. Bonds
Fitchburg 4s
Fre., Elk.
Par Value
$15,000 Gouv.
Shs.
54 Atlantic Nl. Bk., Boston
100 Merchants Nl. Bk., Boston
228 Nl. Shawmut Bk., Boston
74 Second Nl. Bk., Boston
66 Web. & At. Nl. Bk., Boston
50 Falmouth Nl. Bk.
25 Merchants Nl. Bk., New Bedford
18 Plymouth Nl. Bk., Plvmouth
IS Nl. Bk. of Wareham
—
232
P.D.
WARREN — WARREN SAVINGS BANK
Branch
Office:
Part
8,
I.
South Street, West Warren
Incorporated February 24, 1882.
Number
of corporators,
38
Rexford R. Paine, Treasurer.
Charles B. Blair, President.
Joseph G. Hastings, Clerk of
the Corporati
Board of Trustees: C. B. Blair, E. J. Buck,* H. R. Burroughs,t W. L. Curtis, J. G. Hastings, R. R. Jones,
D. W. Mason,* I. W. Moore.f R. R. Paine,* H. N. Shepard,* W. W. Shuttleworth.f E. F. Williams.*
Deposits draw interest from the first business day of each month; dividends are payable April 1 and
October 1. Business hours: 9 a.m. to 12.30 p.m.; 1.30 to 4 p.m.; Saturdays, 9 a.m. to 12 m.; Fridays,
7 to 8.30 p.m.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$104,580 15
300,111 95
30,000 00
17,437 50
22,152 25
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $11,300
due thereon)
Loans on personal security
.
24,662 50
1,145 00
building
(est.
val, $25,000)
trust
.
$1,195,956 42
6,469 00
Surplus:
a.
Guaranty fund (4.92%
of de-
....
Profit and loss
Interest, rents, etc.,
b.
less
59,190 99
54,373 79
current
1,707 22
expenses
745,416
9,553
19,704
4,678
Furniture and fixtures
Due from banks and
Deposits (2,579 accounts, average,
$463.72)
Christmas and other club deposits
posits)
....
Bank
1924
Liabilities
00
00
50
07
com
panies
34,240 81
4,015 69
Cash and cash items
Total Assets
$1,317,697 42
Total Liabilities
$1,317,697 42
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Salaries
Rent
Advertising
Amount paid for
$558.33
$1,630.75
$3,395.82
Cost per $1,000 of assets
1.24
2.58
.42
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $67,581.13.
.
.
Other Expenses
Total
$1,580.21
1.20
$7,473.81
$308.70
.23
Rates on Investments and Loans (Average on
All,
5.67
4.01
5.36%)
272 real estate loans, averaging $2,740.50 (average rate, 5.77%); 5*4%, $346,091; 6%, $399,325.
28 personal loans, averaging $341.18 (average rate, 6%); 6%, $9,553.
Bonds, stocks, etc. (average rate on amount invested, 4.74%).
Number of loans not over $3,000 each, 187, amounting to $275,707.
49 real estate loans made during year, amounting to $14^,125.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2M%
2<4%
....
....
during year, 5,370, amounting to (accounts opened
withdrawals during year, 2,378, amounting to (accounts closed 259)
Net increase
*
in
Board
$24,688 34
25,545 16
252,577 58
54."))
$312,811 08
241,729 97
amount due depositors (accounts increased 286)
of Investment.
$71,081 11
t
Auditing Committee.
—
P.D.
8,
Part
233
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$70,000 United States 4Ms
Par Value
$15,000
10,000
10,000
5,000
10,000
30,000
4,000
Public Funds, Notes
$15,000 Revere 4^s
10,000 Springfield 4s
15,000 Onset (F. D.) 4a
$10,000
25,000
8,000
5,000
10,000
20,000
20,000
20,000
Bonds
Railroad
Bangor &
Boston &
Boston &
Boston &
Boston &
Boston &
C,
C,
B.
B.
&
&
10,000
15,000
25,000
20,000
25,000
15,000
10,000
Aroostook
Albany 4s
Albany 5s
Lowell 4s
Lowell 4}^:
Maine
Louisville
Minn.,
M
&
&
Bonds
3^9
Telephone Company Bonds
Am. Tel. & Tel. Co. 5s
Nashville 5s
St. P.
$23,000
S. Ste.
4s
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 5s
l
N. Y., N. H. & H. 3 As
No. Maine Seaport 5s
No. Pacific 6s
Pennsvlvania 5s
Union Pacific 5s
Street Railway
4s
Q. SV2 s
Q. 4s
Boston Terminal Co.
Par Value
$20,000 Boston Terminal
& St. Paul 4a
Fitchburg 4s
Fitchburg 4j^s
Illinois Central 3s
Illinois Central 5s
Chi., Mil.
Gas, Electric and Water
$25,000 N. E. Power Co. 5s
Bank Stocks
10 City Nl. Bk., Holyoke
10 Hadley Falls Nl. Bk., Holyoke,
Bonds
$20,000 Boston Elevated
10,000 West End 6Jis
Com-
pany Bonds
4^9
in liq.
Home
10
Nl. Bk., Holyoke, in
liq.
WATERTOWN — WATERTOWN SAVINGS BANK
Incorporated April 18, 1870.
Bartlctt
M. Shaw,
Number
Charles F. Mason,
40
of corporators,
John F. Green, Treasurer.
Lewis B. Tarlton, Assistant Treasurer.
President.
Clerk of the Corporation.
of Trustees: H. W. Brigham.t G. N. Chamberlain, F. E. Critchett, P. S. CunnifT, G. E. Goodspeed.f
A. F. Haynes,*t J- P- Keefe, C. F. Mason, W. E. Monk,* H. W. Otis, W. M. Otis, H. L. Paine,*
C. D. Russell, H. H. Sawyer, B. M. Shaw,* W. B. Snow, G. S. Wright.*
Board
Deposits draw interest from tenth day of each month; dividends are payable April 10 and October 10.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Thursdays, from 7 to 8.45 p.m.
STATEMENT OF CONDITION, OCTOBER
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$592,482
251,218
157,975
40,000
46,288
.
.
.
.
.
.
.
Telephone company bonds
Gas, electric and water company
bonds
Loans on real estate (less $10,600
due thereon)
Loans on personal security
.
.
.
Total Assets
....
posits)
b. Profit and loss
Interest, rents, etc.,
less
129,639 10
59,138 02
current
3,305 98
62,249 91
13,520 83
.
....
$2,767,107 34
expenses
.
.
Deposits (6,363 accounts, average,
$434..87)
Surplus:
a. Guaranty fund (4-69% of de-
1,645,430 00
95,000 00
30,000 00
.
panies
.
20
75
00
00
75
25,025 00
Bank building (est. vol., $46,100)
Due from banks and trust comCash and cash items
1924
31,
Assets
$2,959,190 44
$2,959,190 44
Total Liabilities
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Salaries
Rent
Amount paid for
$2,499.60
$10,755.99 $2,400.00
Cost per Si. 000 of assets
.84
3.63
.81
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $152,467.97.
.
.
Advertising
Other Expenses
$758.29
'
$2,728.26
.92
.26
Rates on Investments and Loans (Average on
All,
Total
$19,142.14
6.46
4.81
5.31%)
456 real estate loans, averaging $3,608.39 (average rate, 6%); b%%, $18,000; 6%, $1,627,430.
2 personal loins, averaging $47,500 (average rate, 4.25%): 4)4%, $95,000.
Bonds, stocks, etc. (average rate on amount invested, 4.38%).
Number of loans not over $3,000 each, 220, amounting to $376,380.
82 real estate I tans made during year, amounting to $376,700.
Board
of
Investment.
t
Auditing Committee.
—
234
P.D.
8,
Part
I.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2%%
2H%
56,998 26
58,876 29
619,614.00
during year, 10,029, amounting to (accounts opened 601)
$735,488 55
551,324 00
withdrawals during year, 4,628, amounting to (accounts closed 816)
Net increase
amount due depositors (accounts decreased
in
$184,164 55
215)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$25,000
20,000
60,000
96,300
381,000
7,000
5,000
5,000
5,000
U.
U.
U.
U.
Par Value
Boston
$13,000
35,000
10,000
10,000
10,000
45,000
10,000
10,000
15,000
45,000
10,000
5,000
Indebt. 4s
S. Certs.
S. Treas.
S. Treas.
S. Treas.
Bonds 4Ms
Notes
Notes
United States 4^s
Brockton 3^s
4^s
4%s
Holyoke 4^s
Lawrence 4s
New
Bedford
4Hs
Par Value
& Maine 4s
B. & Q. 3J^s
Chi., Mil. & St. P. 4J
Fitchburg 4s
Fitchburg 5s
$25,000
25,000
10,000
10,000
25,000
C,
Illinois
Illinois
Central 3^s
Central 4s
Lynn
West
West
West
West
&
Boston 5s
End 4^s
End 5s
End 6s
End 6Ms
Boston Terminal Co. Bonds
Maine Central 4J^s
N. Y. & N. E. Term. 4s
N. Y., N. H. & H. 3K*
$40,000 Boston Terminal 3J^s
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
Old Colony 4s
Pennsylvania 43^s
$51,000
Railroad Bonds
Street Railway
$10,000 Aroostook Northern 5s
20,000 Bangor & Aroostook 4s
10,000 Bangor & Aroostook 5s
Bonds
Gas, Electric and Water
Com-
pany Bonds
$50,000 Boston Elevated 4s
15,000 Boston Elevated 4J^s
$26,000 N. E. Power Co. 5s
WEBSTER — WEBSTER FIVE CENTS SAVINGS BANK
Incorporated
March
16, 1868.
Number
42
of corporators,
W. Johnson, Treasurer.
Evelyn M. Hastings, Assistant Treasurer.
John M. Crawford, President.
Frederick
Louis E. Pattison, Clerk of the Corporation.
of Trustees: Spaulding Bartlett, W. E. Bigelow, J. M. Crawford,* Joseph Crawford,! J- W. Dobbie,*
A. R. Greeley,* W. W. Holmes,* J. P. Love, Maurice Maynard, Henry Merritt.f L. E. Pattison,
Philip Pearl.f C. E. Powers,* Patrick Prout, A. E. Shaw, F. J. Sinclair, W. J. Stewart, B. A. Wakefield.
Board
Deposits draw interest from
Wednesday
of
first day
January and July.
each month; dividends are payable on and after the second
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m.;
of
also Fridays, 6.30 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Securities acquired for debts
31,
1924
Liabilities
$354,050 00
534,661 25
68,800 00
19,162 50
68,505 00
54,962 50
21,226 00
Deposits (7,708 accounts, average,
S566.10)
Surplus:
a.
Guaranty fund (5.05%
$4,363,489 68
of de-
....
posits)
b. Profit and loss
Interest, rents, etc.,
less
220,044 00
195,882 38
current
expenses and taxes
84,291 84
676 00
.
....
Loans on real estate (less $56,075
due thereon)
Loans on personal security
Bank building (est. val., $75,000)
Due from banks and trust com
panies
2,995,422 50
599,048 50
40,000 00
103,542 58
3,651 07
Cash and cash items
Total Assets
$4,863,707 90
$4,863,707 90
Total Liabilities
Total Expenses for the Year, including State Taxes
Tax (Net)
Salaries
Rent
Advertising
paid for
$5,787.90
$6,099.94 $1,500.00
$251.56
Cost per $1,000 of assets
1 19
.31
1 25
.05
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $250,409.84.
State
Amount
.
.
.
*
Board
of
Investment.
.
t
Other Expenses
$3,612.83
.74
Auditing Committee.
Total
$17,252.23
3.54
2.04
—
P.D.
8,
Part
235
I.
Rates on Investments and Loans (Average on
5.34%)
All,
1,003 real estate loans, averaging $2,986.46 (average rate, 5.55%); 5%, $94,500; 5j/2 %, $2,534,573;
$358,350; 7%, $8,000.
84 personal loans, averaging $7,131.53 (average rate, 5.15%); 4^%, $85,000; 4%%, $25,000;
$130,304; 5H%, $230,000; 5}4%, $91,228; 6%, $37,517.
Bonds, stocks, etc. (average rate on amount invested, 4.90%).
Number of loans not over $3,000 each, 730, amounting to $993,312.50.
149 real estate loans made during year, amounting to $722,210.
6%,
5%,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
234%
$90,750 61
94,709 03
835,451 36
•
2M%
during year, 9,573, amounting to (accounts opened 570)
$1,020,911 00
837,779 61
withdrawals during year, 5,988, amounting to (accounts closed 603)
Net increase
in
amount due depositors (accounts decreased
$183,131 39
33)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$196,350 United States 4^s
100,000 U. S. Treas. Notes
5,000 Fall River 3^3
40,000
20,000
15,000
10,000
4%s
10,000
25,000
5,000
40,000
25,000
22,000
10,000
10,000
25,000
5,000
10,000
32,000
20,000
Railroad Bonds
$20,000 Baltimore & Ohio 3^8
10,000 Baltimore & Ohio 4J^s
45,000 Boston & Albanv 4s
20,000 Boston & Maine 4s
23,000 Boston & Maine 4}^s
B.
&
N. Y. Air Line 4s
B., R. B. & Lynn 4Ks
C..B.&Q. 3Hs
C, B. & Q. 4s
& St. Paul 4s
& Northwestern 4s
Delaware & Hudson 4s
Me. Cent-E. & N. A. 4s
Chi., Mil.
$20,000 Lynn & Boston 5s
10,000 Wore. Con. 4Ms
Central 3Hs
Central 4s
Maine Central 5s
Minn., St. P. & S. Ste.
Illinois
Illinois
M.
Public Funds, Notes
$53,000 Dudley iy2 s
5,000
20,000
5,000
80,000
5,000
23,000
15,000
10,000
Par Value
Par Value
$30,000 Fitchburg 4s
15,000 Fitchburg 4K«
$20,000 Boston Terminal
4s
Minn.,St.Ste.M.&A.4s
Princeton
St. J.
&
15,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$15,000 Wore. Gas Lt. Co. 5^s
25,000 Turners Falls P. & E.
Co. 5s
15,000 N. E. Power Co. 5s
& Nw. 3Ms
L. C. 5s
Upper Coos 4s
Upper Coos 4^s
Washington Co. 3Ks
Wore, Nash. & Roch.
3^3
Telephone Company Bonds
$58,000 Am. Tel. & Tel. Co. 4s
New England 4s
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Norwich & Worcester 4s
Portland & Ogdens. 4K>s
4s
Bank Stocks
Shs.
15 First Nl. Bk., Norwich, Conn.
161 First Nl. Bk., Webster
25 NT. Sbawmut, Bk., Boston
Street Railway Bonds
$31,000 Boston Elevated 4s
25,000 Eastern Mass. 4^s
Chi.
Boston Terminal Co. Bonds
WELLFLEET — WELLFLEET SAVINGS BANK
Incorporated
March
3,
1863.
Number
Richard R. Freeman, President.
Arthur H. Rogers, Clerk of the Corporatu
of corporators,
29
Austin C. Young, Treasurer.
Everett P. Kelley, Assistant Treasurer.
Board of Trustees: C. J. Bell, G. T. Dill, I. C. Doane, J. B. Dyer.f A. C. Freeman, *f R. R. Freeman,*
G. W. Holbrook, S. D. Mayo,* A. H. Rogers, W. H. Smith.t E. L. Whorf,* A. C. Young.
Deposits draw interest from the first day of each month; dividends are payable the second Wednesday
of January and July.
Business hours: 9 a.m. to 12 m.; 1 to 4 p.m.; Saturdays, 9 a.m. to 1 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
.
.
.
.
.
.
.
.
.
.
Securities acquired for debts
Loans on real estate (less $1,950
.
due thereon)
Loans on personal security
.
.
.
Bank building (est. val., $5,120)
Due from banks and trust companies
Cash and cash items
.
Total Assets
*
Board
.
.
....
of
Investment.
31,
1924
Liabilities
$59,408
270,348
60,865
5,875
5,835
08
60
00
00
00
16,000 00
12,100 00
Deposits (1,349 accounts, average,
$476.13)
Surplus:
a.
Guaranty fund (5.09%
posits)
$640,955 17
of de-
....
32,608 22
24,767 18
10,694 98
b. Profit and loss
Interest, etc., less current expenses
29 00
230,670
31,356
2,500
10,693
3,344
56
39
00
84
08
$709,025 55
Total Liabilities
t Auditing
$709,025 55
Committee
236
P.D.
8,
Part
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Salaries
Rent
Advertising
Expenses
$1,238.33
1.74
.
Rates on Investments and Loans (Average on
116
All,
6%,
averaging $1,988.53 (average rate, 6.06%);
real estate loans,
Total
$6,383.48
9.00
6.01
>ther
(
$3,024.00 $250.00
paid for
$1,871.15
2.64
4.27
.35
Coat per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $39,495.97.
5.33%)
$213,059;
$11,612.
SO personal loans, averaging $1,041.21 (average rate, 5.70%); 534%. $20,000;
Bonds, stocks, etc. (average rate on amount invested, 4.91%).
Number of loans not over $3,000 each, 114, amounting to $88,876.95.
20 real estate loans made during year, amounting to $42,950.
X
6 A%,
$6,000;
6H%.
7%,
$11,356.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits
Number
of
2%
2%
....
$12,519 86
12,557 20
129,839 01
during year, 1,449, amounting to (accounts opened 91)
$154,916 07
161,446 76
withdrawals during year, 1,274, amounting to (accounts closed 105)
Net decrease
amount due depositors (accounts decreased
in
$6,530 69
14)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$1,700 United States 3}4*
24,500 United States 434s
20,000 Massachusetts 3Ms
l
5,000 Oakland, Cal., b As
Public Funds, Notes
$8,950 Eastham 4J^s
250 Eastham 5s
175 Eastham 6s
$10,000
30,000
Railrad Bonds
Baltimore & Ohio 4Hs
Baltimore & Ohio 5s
Bangor & Aroostook 4s
Bangor & Aroostook 5s
Boston & Albany 334a
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
Boston & Maine 6s
5,000
7,000
5,000
7,000
6,000
11,000
4,500
10,000 Chi., Mil.
7,000 Chi., Mil.
&
&
Par Value
$5,000 Boston Elevated 5s
5,000 Boston Elevated 6s
14,000 Eastern Mass. 4>£s
Par Value
St. P. 43^s
St. Paul 5s
$25,000
5,000
10,000
3,000
5,000
5,000
5,000
5,000
20,000
5,000
36,000
10,000
4,000
6,000
20,000
& Northwestern 5s
Delaware & Hudson 4s
Chi.
Fitchburg 4s
Illinois Central 3^3
Illinois Central 4s
5,000
3,000
& Nashville 5s
Y. C. & H. R. 3^s
Y. C. & H. R. 4s
Y. C. & H. R. 5s
Y., N. H. & H. 33^s
Y., N. H. & H. 4s
West End 4s
West End 4^8
Louisville
Boston Terminal Co. Bonds
N.
N.
N.
N.
N.
No. Maine Seaport 5s
No. Pacific 5s
No. Pacific 6s
Old Colony 4s
1,000 Pennsylvania 43^s
$6,000 Boston Term. Co. 33^3
Telephone Company Bonds
$6,000 N. E. Tel.
Tel. Co. 5s
Com-
pany Bonds
$16,000 N. E. Power Co. 5s
6,000 Portland & Rum. Falls 4s
10,000 Portland Terminal 4s
10,000 Upper Coos 4s
3,000 Vermont Val. 4J^s
Street Railway
&
Gas, Electric and Water
Bank Stocks
Shs.
30 First Nl. Bk., Boston
10 Merchants Nl. Bk., Boston
21 Second Nl. Bk., Boston
25 Web. & At. Nl. Bk., Boston
Bonds
$5,000 Boston Elevated 4s
25,000 Boston Elevated 4J^8
WESTBOROUGH — WESTBOROUGH SAVINGS BANK
Incorporated February
9,
1869.
Number
of corporators,
46
Harry W. Kimball, Treasurer.
Melvin H. Walker, President
Andrew
J.
B.
Adams, Clerk
of the Corporation
Board of Trustees: A. J. B. Adams, J. L. Brigham,* J. W. Fairbanks, L. A. Fairbanks, F. W. Forbes, G. G.
Genthner, A. H. Goodell,* E. A. Hersev,* W. P. Jackson, H. W. Kimball, C. S. Knight, E. A. Lord,*
W. C. Metcalf,*t Noah Nason, R. S. Newton, W. H. Sanford.t I. E. Walker.t M. H. Walker.* G. H.
Woodman.
Deposits draw interest from the first day of each month; dividends are payable February 1 and August
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; 7 to 8 p.m.
*
Board
of
Investment
t
Auditing Committee.
1.
—
P.D.
8,
Part
237
1.
STATEMENT OF CONDITION, OCTOBER
1924
31,
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Deposits (4,106 accounts, average,
$418.67)
...
Christmas and other club deposits
$645,317 41
107,292 50
22,600 00
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $21,750
due thereon)
Loans on personal security
.
$1,719,086 42
23,610 50
.
.
Surplus:
10,000 00
19,100 00
....
Guaranty fund (4.86% of
a.
1,001,980 64
7,770 00
Furniture and fixtures
de-
....
posits)
84,761 10
78,364 47
29,569 84
Profit and loss
Interest, less current expenses
b.
500 00
Due from banks and
trust
com
117,885 65
2,946 13
panies
Cash and cash items
Total Assets
Total Liabilities
$1,935,392 33
$1,935,392 33
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
Other Expenses
$88.23
$1,860.91
.05
.96
paid for
$5,538.50
$600.00
$157.34
2.86
.08
.31
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $101,378.47.
.
.
Rates on Investments and Loans (Average on
All,
4.26
3.87
5.45%)
bY
real estate loans, averaging $3,102.11 (average rate, 5.99%);
2 %, $2,277;
15 personal loans, averaging $518.00 (average rate, 6%): 6%, $7,770.
Bonds, stocks, etc. (average rate on amount invested, 4.76%).
Number of loans not over $3,000 each, 227, amounting to $302,535.07.
63 real estate loans made during year, amounting to $406,950.
323
Total
$8,244.98
6%,
$999,704.
Dividends, Deposits and Withdrawals
....
....
/%
2^%
Ordinary dividends declared during year: Feb., 1924, 2 x 2
Aug., 1924,
Number
of deposits during year, 6,775,
Number
of withdrawals during year, 3,360,
Net
increase in
amount due
$38,866 17
40,299 30
326,398 22
amounting to (accounts opened 382)
$405,563 69
29^,143 93
amounting to (accounts closed 311)
depositors (accounts increased 71)
$111,419 76
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$205,100 U. S. Treas. Notes 4%s
365,550 United States 4 Ms
7,000 Plvmouth Co. 5s
10,000 Attleboro 5s
2,000 New Bedford 4%s
14,000 New Bedford 5s
3,000 Taunton 5^9
2,000 Framingham 4s
2,800 Plainville 4s
Public Funds, Notes
$10,000 Revere 4^s
3,000 Revere 6s
4,500 Bernardston 4}^s
2,000 No. Attleboro 6s
Telephone Company Bonds
Par Value
$6,000
2,000
2,000
7,000
10,000
2,400
2,800
Norwood 5%s
Oak Bluffs 6s
Plainville
Par Value
$25,000
4^s
Shrewsbury 4^9
Shrewsbury 5s
l
Westboro b A$
&
Tel. Co. 4s
— WESTFIELD
Incorporated April 16, 1853.
Com-
pany Bonds
$10,000 Pittsfield Elec. Co. 6s
Bank Stocks
Shs.
74 First Nl. Bk., Boston
42 Merchants Nl. Bk., Boston
50 First Nl. Bk., Marlborough
5 Millbury Nl. Bk.
20 Northborough Nl. Bk.
10,000 Maine Central 4^s
15,000 N. Y. C. & H. R. 4s
Daniel F. Doherty, President.
Harry B. Putnam, Clerk of the Corporation.
Tel.
Gas, Electric and Water
Railroad Bonds
$10,000 Baltimore & Ohio 33^s
28,000 Boston & Albany 4s
10,000 Chi., Mil. & St. Paul 4s
10,000 Chi. & Northwestern 4s
30,000 L. S. & Mich. So. 4s
WESTFIELD
Am.
Randolph 6s
SAVINGS BANK
Number
of Corporators,
83
George A. Upson, Treasurer.
Edwin
F. Shepard, Assistant Treasurer.
Board of Trustees: C. H. Cooley, Jr.,*t T. J. Dewey,* D. F. Doherty,* L. M. Fuller.f G. L. Gaylord,
H. W. Gladwin, J. A. Kenyon, H. C. Lane, L. P. Lane,*t M. H. Moore,* H. B. Putnam, E. W. Reed,
Ward Rees, M. W. Shine, G. A. Upson.
Deposits draw interest from tenth day of each month; dividends are payable January 10 and July 10.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m. and 7 to 8.30 p.m.
Board
of
Investment.
t
Auditing Committee.
—
23S
P.D.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
8,
Part
I.
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $3,600
due thereon)
Loans on personal security
.
.
Bank building (est. val., 8135,000)
Due from banks and trust com
$426,371 05
1,061,177 78
216,048 75
138,653 25
siU-5.89)
Christmas and other club deposits
Surplus:
$6,767,101 44
65,089 50
.
.....
....
Guaranty fund (5.10% of de-
a.
116,471 25
83,500 00
1,726 00
....
Deposits (10,812 accounts, average,
posits)
Profit and loss
Interest, rents, etc.,
b.
348,379 7r
351,412 37
current
less
expenses and taxes
33,446 47
4,754,471 35
510,314 83
135,000 00
92,267 82
29,427 45
panies
Cash and cash items
Total Assets
Total Liabilities
$7,565,429 53
$7,565,429 53
Total Expenses for the Year, including State Taxes
Tax (Net)
Salaries
Rent
$14,959.99
paid for
$7,708.98
1.02
1.98
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $401,218.65.
State
Amount
Advertising
$1,230.41
.
.16
Rates on Investments and Loans (Average on
916
real estate loans,
$5,000;
7%,
averaging $5,190.47 (average rate, 5.83%)
Other Expenses
$5,841.10
.77
All,
5.61%)
6%,
53/2%. $1,752,471;
;
Total
$29,740.48
3.93
2.91
$2,938,000;
6J^%,
$59,000.
134 personal loans, averaging $3,808.32
(average rate, 5.97%);
5%,
$10,960;
5}i%, $10,000:
6%.
$489,355.
(average rate on amount invested, 5%).
Number of loans not over $3,000 each, 609, amounting to $988,482.28.
146 real estate loans made during year, amounting to $748,325.
Bonds,
stocks, etc.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2M%
....
$141,672 49
146,028 56
1,261,114 88
withdrawals during year, 9,855, amounting to (accounts closed 801)
$1,548,815 93
1,258,094 12
July, 1924,
of deposits
Number
of
Net
2J4%
during year, 16,433, amounting to (accounts opened 1,382)
Number
increase in
amount due
.
depositors (accounts increased 581)
$290,721 81
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$1,300 United States 3J^s
392,100 United States 4Ms
25,000 U. S. Treas. Notes
Par Value
$25,000 Fitchburg 5s
4%s
8,000 Westfield 4s
Public Funds, Notes
$2,000 Tolland 5s
$20,000
15,000
35,000
50,000
54,000
35,000
15,000
25,000
15,000
50,000
40,000
30,000
25,000
Railroad Bonds
Aroostook Northern 5s
Baltimore & Ohio 4s
Baltimore & Ohio 4Ms
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Albany 3^s
Boston & Albany 58
B., R. B. & Lvnn 4^s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4 l 2 s
Chi., Mil. & St. Paul 5s
Chi. & Northwestern 5s
Chi., R. I. & Pac. 4s
/
10,000 Louisville & Nashville 4s
50,000 Louisville & Nashville 5s
50,000 Maine Central 43^s
20,000 Maine Central 5s
25,000 Minn., St. P. & S. Ste.
M. 4s
35,000 Minn. St. P. & S. Ste.
M. 5s
25,000 N. Y. C. & H. R. 4s
100,000 N. Y. C. & H. R. 5s
35,000 N. Y., N. II. & H. 3^3
25,000 N. Y., N. H. & H. 4s
70,000 No. Maine Seaport 5s
25,000 No. Pacific 4J4s
25,000 No. Pacific 5s
50,000 No. Pacific 6s
25,000 Old Colony 5X>s
30,000 Pennsylvania 5s
50,000 Portland Terminal 4s
10,000 St. L., P. & Northw. 5s
Street Railway
Bonds
$20,000 Boston Elevated 4s
25,000 Boston Elevated 4Hs
Par Value
$55,000 Boston Elevated 5s
62,000 Eastern Mass. 4J^s
25,000 Eastern Mass. 6s
20,000 West End 5s
15,000 Worcester Consol.
4^s
Telephone Company Bonds
$117,000 Am. Tel. & Tel. Co. 4s
18,000 Am. Tel. & Tel. Co. 5s
20,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$100,000 N. E. Power Co. 5s
20,000 Wore. Gas Lt. Co. 5^3
Bank StocKs
Shs.
6 First Nl. Bk., Adams
256 First Nl. Bk., Boston
7 Web. & At. Nl. Bk., Boston
250 City Nl. Bk., Holvoko
193 First Nl. Bk., Westfield
123 Hampden Nl. Bk., Westfield
—
P.D.
8,
Part
I.
239
WESTFIELD — WORONOCO SAVINGS BANK
Incorporated
May
5,
1871.
Number
of corporators, 51
H. B. Moulton, Treasurer.
O. B. Parks, President.
F. A. Ballou, Clerk of the Corporation
J. H. Ashley, G. E. Austin, f W. L. Bartlett, S. B. Campbell, f C. H.
Cooley,* T. J. Cooley, F. S. Dewey, W. B. Mahoney, H. B. Moulton, L. C. Parker.f O. B. Parks,*
O. E. Parks, E. L. da Silva, E. J. Smith.*
Board of Trustees: C. H. Abbe,*
Deposits draw interest from the tenth day of each month; dividends are payable January 10 and July 10.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also Mondays, 7 to 8.30 p.m.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$418,697
859,578
184,456
26,725
82,450
Boston Terminal Co. Bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
.
Deposits (9,391 accounts, average,
HU.8S)
Christmas and other club deposits
$4,177,367 13
54,733 00
.
Surplus:
Guaranty fund (4-91% of
o.
de-
207,785 52
168,263 69
22,688 80
posits)
.
....
15
25
00
25
48,750 00
9,050 00
200 00
Securities acquired for debts
Loans on real estate (less $10,500
due thereon)
Loans on personal security
Furniture and fixtures
Due from banks and trust com
23
Profit and loss
Interest, less current expenses
b.
.
2,866,801 00
91,732 50
3,000 00
30,030 77
9,366 99
panies
Cash and cash items
Total Assets
$4,630,838 14
Total Liabilities
$4,630,838 14
Total Expenses for the Year, including State Taxes
State
Tax (Net)
Salaries
Rent
Advertising
$5,211.68
$8,835.00
$2,000.03
Amount paid for
1.12
1.91
.43
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $237,350.57.
.
$958.82
.
.21
Rates on Investments and Loans (Average on
969 real
estate loans,
All,
Other Expenses
Total
$4,281.90
$21,287.43
.92
4.59
3.04
5.31%)
averaging $2,958.51 (average rate, 5.71%); 4J^%, $80,000;
5^%,
$1,429,566;
6%,
$1,357,235.
65 personal loans, averaging $1,411.27 (average rate, 5.91%); 5%, $7,917;
Bonds, stocks, etc. (average rate on amount invested, 4.58%).
Number of loans not over $3,000 each, 750, amounting to $1,133,833.50.
151 real estate loans made during year, amounting to $681,800.
6%,
$83,816.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
2\i%
during year, 13,245, amounting to (accounts opened 1,014)
.
.
$87,159 38
90,436 92
934,926 05
withdrawals during year, 8,454, amounting to (accounts closed 927)
.
.
$1,112,522 35
941,549 36
July, 1924,
Number
of deposits
Number
of
Net increase
*
in
Board
2M%
amount due depositors (accounts increased
of
Investment.
$170,972 99
87)
t
Auditing Committee.
—
240
P.D.
Part
8,
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
Par Value
$10,000 Louisville & Nashville Gs
5,000 Maine Central 4^s
10,000 Mich. Cent. - Mich. Air
Line 4s
15,000 Mich. Cent.-Jol. & No.
Ind. 4s
25,000 Mil., Sparta & Nw. 4s
5,000 Minn., St. P. & S. Ste.
M. 4s
25,000 N. Y. C. & H. R. 3J/2 s
30,000 N. Y. C. & H. R. 4s
25,000 N. Y. C. & H. R. 5s
87,000 N. Y., N. H. & H. 3K>s
25,000 N. Y., N. H. & H. 4s
10,000 No. Maine Seaport 5s
10,000 Northern Pacific 4J^s
35,000 Northern Pacific 5s
20,000 Northern Pacific 6s
30,000 Pennsylvania 4^s
25,000 Pennsylvania 5s
25,000 Phila., Bait. & Wash. 5s
25,000 So. Pacific 4s
10,000 St. P., Minn. & Man. 6s
10,000 Union Pacific 4s
25,000 Upper Coos 4s
$10,000 U. S. Treas. Bonds 4Ms
420,000 United Stuns 4J4s
Public Funds, Notes
IS.000 Granville 5s
$25,000
25,000
35,000
10,000
20,000
18,000
17,000
3,000
15,000
10,000
10,000
10,000
15,000
10,000
10,000
15,000
20,000
25,000
90,000
25,000
6,000
20,000
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore <fe Ohio 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Boston & Albany 3^s
Boston & Albany 4a
Boston & Albany 5s
Boston & Lowell 4>^s
Boston <fc Maine 3^s
Boston & Maine 4s
Boston & Maine 4J^s
Central of Georgia 5s
C, B. & Q. 33^s
Chi., Mil. & St. Paul 4s
Chi., Mil. & St. P. 4^s
Chi., R. I. & Pac. 4s
Fitchburt: 4s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4J^s
Boston Elevated 5s
Boston Elevated 6s
Central 3}-£s
Central 4s
Louisville & Nashville 4s
Louisville & Nashville 5s
Illinois
Illinois
Louisville
&
Nash.
10,000 West End 4s
5,000 West End 6^s
15,000 Wore. Consolidated 4V2 s
6,000 Wore. Consolidated 5s
Boston Terminal Co. Bonds
$35,000 Boston Term. Co.
3^e
Telephone Company Bonds
$76,000 Am. Tel. & Tel. Co. 4s
5,000 Am. Tel. & Tel. Co. 5s
10,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$15,000 N. E. Power Co. 5s
10,000 N. B. Gas & Ed. Lt. Co.
5s
10,000 Newb'yp't Gas & Elec.
Co. 5s
5,000 Pittsfield Elec. Co. 0s
10,000 Turners Falls P. & Elec.
Co. 5s
Bank Stocks
$48,000
20,000
10,000
15,000
5^s
Par Value
$50,000 Eastern Mass. 4J4s
10,000 Hoosac Vallev 4s
Shs.
25 First Nl. Bk., Boston
10 Hampden Nl. Bk., Westfield
WEYMOUTH — EAST WEYMOUTH SAVINGS BANK
Incorporated February 20, 1872.
Number
of corporators,
39
Frank
Frederick L. Alden, President.
P. Abbott, Treasurer.
Charles D. Sheehy, Clerk of the Corporation
of Trustees: F. L. Alden,* C. B. Cushing, C. R. Denbroeder,
M." P. Garey, W. A. Hodges, W. J. Holbrook,* E. E. Leonard,
Pratt,* William Reamey, B. B. Sylvester, W. M. Tirrell.t S. B.
Board
W.
W.
C. Earle,*
J.
Fitzsimmons.t
J. H. Libbv, G. W. Perrv,*+ C. H.
Totman.*
Deposits draw interest from tenth day of each month; dividends are payable April 10 and October 10.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.; also on Mondavs, for deposits onlv,
7 to 8.30 p.m.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
$88,032
335,670
37,200
30,140
Telephone company bonds
Loans on real estate (less $7,800
due thereon)
Loans on personal security
Bank
building
(est. vol.,
$19,100)
Real estate by foreclosure,
1924
Liabilities
.
79
17
00
00
1,129,250 65
90,000 00
17,290 42
etc., (as-
....
%
....
Deposits (3,665 accounts, average
SU9.37)
Surplus:
a.
Guaranty fund
(5.01
$1,646,956 29
of de
82,470 34
45,347 70
posits)
b. Profit and loss
Interest, etc., less current expenses
.
Discount unearned
Other liabilities
1,411 72
1,322 22
1,790 57
.
8,582 09
sessed value, §7,625)
insurance, etc., paid on
mortgaged properties
Due from banks and trust corn-
Taxes,
6 72
.
40,551 99
2,574 01
Cash and cash items
Total Assets
$1,779,298 84
Total Liabilities
.
$1,779,298 84
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
paid for
$2,189.80
$5,852.00
$750.00
Cost per $1,000 of assets
1.23
3.29
.42
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $98,527.64.
.
*
Board
of
Investment.
Advertising
$126.20
.07
t
Total
Other Expenses
$10,191.78
$1,273.78
5.73
.72
4.08
Auditing Committee.
—
P.D.
8,
Part
I.
241
Rates on Investments and Loans (Average on
S78
averaging $2,987.43 (average rate, 6.12%);
real estate loans,
$110,095;
7%,
8%,
$77,556;
5.62%)
All,
514%, $83;
6%. $941217-
$300.
'
'
S personal loans, averaging $30,000.00 (average rate, 3.72%); 3%, $25,000;
Bonds, stocks, etc. (average rate on amount invested, 4.84%).
Number of loans not over $3,000 each, 223, amounting to $269,695.65.
50 real estate loans made during year, amounting to $268,900.
4%,
6M%
$65,000.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 6,156,
Number
of withdrawals during year, 3,846,
Net
increase in
1924,
2%%
2y %
%
$32,612 47
33,169 75
367,008 75
.
.
.
!
amounting to (accounts opened 393)
$432,790 97
379,946 63
amounting to (accounts closed 397)
amount due depositors (accounts decreased
4)
$52,844 34
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
$77,550 United States 4^s
10,000 U. S. Treas. Notes
4Ms
Public Funds, Notes
$1,000 Easthampton 4s
$25,000
15,000
5,000
10,000
Railroad Bonds
Aroostook Northern 5s
Baltimore & Ohio 3^s
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Par Value
Bangor &
Boston &
Boston &
Boston &
$20,000
10,000
10,000
35,000
5,000
20,000
5,000
10,000
10,000
11,000
20,000
5,000
5,000
10,000
Par Value
$42,000 N. Y. C. & H. R. 4s
91,000 N. Y., N. H. & H. 4s
25,000 No. Maine Seaport 5s
3,000 Old Colony 4s
Aroostook 5s
Albany 4s
Maine 4s
Maine 4^s
Mil. & Puget So. 4s
Chi.,
Chi., Mil.
Chi., Mil.
& St. Paul 4s
& St. P. 4J^s
Fitchburg 4s
Fitchburg 5s
Illinois Central 3^s
Illinois Central 4s
Lake Shore & Mich So. 4s
Louisville & Nash. 43^s
&
Louisville
Street Railway
Bonds
$30,000 Boston Elevated 4>£s
10,000 Lynn & Boston 5s
1,000 Wore. Consolidated 5s
Telephone Company Bonds
Nashville 5s
$34,000
Am.
Tel.
&
Tel. Co. 4s
WEYMOUTH — SOUTH WEYMOUTH SAVINGS BANK
Incorporated
March
6,
Number
1868.
of corporators, 31
R. Wallace Hunt, President.
Fred T. Barnes, Treasurer.
John Q. Torrey, Clerk
of the Corporation
Board of Trustees: F. T. Barnes, G. L. Barnes,* W. L. Bates, B. A. Bennett,* G. W. Conant, H. W.
Dyer, W. R. Field.t A. C. Heald, R. W. Hunt,* H. H. Joy.t F. E. Loud, J.F. Martin, E. Nash, T. V.
Nash,* M. O'Dowd, E. J. Pitcher,* F. Putney, Jr.,T. L. Tirrell,*t Gordon Willis.*
Deposits draw interest from the tenth day of each month; dividends are payable the tenth day of January and July. Business hours: 9 a.m. to 4 p.m.; Saturdays, 9 a.m. to 12 m.; also Mondays
7 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Telephone company bonds
Bank and
trust company stocks
Securities acquired for debts
Loans on real estate (less $8,946.30
.
....
due thereon)
Loans on personal security
Bank
building (est. val., 885,000)
Furniture and fixtures
trust
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Due from banks and
31,
$196,826
458,690
107,485
36,000
5,000
1
1,545,062
22,920
65,333
12,000
24
75
50
00
00
00
70
00
67
00
Deposits (3,712 accounts, average,
$598.50)
Surplus:
a.
Guaranty fund
posits)
expenses
.
.
$2,221,653 17
of de-
....
....
....
....
b. Profit and loss
Interest, rents, etc.,
Discount unearned
Other liabilities
(5%
less
111,120 00
109,236 41
current
35,209 68
42 93
1,000 00
com
25,796 80
3,145 53
panies
Cash
Total Assets
Board
$2,478,262 19
of
Investment.
Total Liabilities
t Auditing
$2,478,262 19
Committee.
242
P.D.
8,
Part
I.
Total Expenses for the Year, including State Taxes
State Tax (Net)
Salaries
Rent
Advertising
paid for
$2,296. 60
$5,766.25
$1,400.00
$383.85
.93
Cost per $1,000 of assets
2 33
56
.15
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $137,118.69.
Amount
.
Other Expenses
Total
$4,261.17
1.72
$14,107 92
.
Rates on Investments and Loans (Average on
^"it^^iy^n^^fm^^r^
6 i4%);
-
5%
All,
5.61%)
si3 5w:
-
'
5.69
4.20
™ % ««*
-
26 personal loans averaging $881.53 (average rate, 5. 1S%); 4J4%. $10,000; 5%, $3,900Bonds, stocks, etc. (average rate on amount invested, 4.60%).
Number of loans not over $3,000 each, 463, amounting to 8657,048.70.
94 real estate loans made during year, amounting to $379,725.
6%
6%.
$9 020
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 5,342,
Number
of
Net
2J4%
'.'..'
$40,667 26
48,203 33
357,387 18
July, 1924, 2\i%
to (accounts opened 353)
amounting
8452.2.37 77
withdrawals during year, 3,414, amounting to (accounts closed 235)
amount due depositors (accounts increased
increase in
118)
367,250 34
$85,007 43
.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$200 United States 3Hs
182,600 United States 4^s
.20,000 Revere 4%s
$12,000
20,000
20,000
12,000
5,000
60,000
13,000
25,000
5,000
35,000
2,000
Par Value
$15,000 Cleveland Short Line 4^s
33,000 Fitchbunr 4s
15,000 Holvoke & Westfield 4J4s
25,000 Illinois Central 3s
35,000 Illinois Central 3^s
15,000 Illinois Central 4s
10,000 Lake Shore & Mich So. 4s
6,000 Louisville & Nash. 4^s
22,000 Louisville & Nashville 5s
7,000 Louisville & Nashville 6s
10,000 Minn., St. P. & S. Ste.
Railroad Bonds
Atch., Top. & S. F6 4s
Baltimore & Ohio 43^s
Boston & Albany 3J^s
Boston & Albany 5s
Boston & Lowell 4s
Boston & Maine 4s
C,
B.
&
Q. 3J^s
Chi., Ind.
Chi., Mil.
Chi.
Chi.
&
&
&
&
Southern 4s
St. P.
4^s
Northwestern 4s
Northwestern 5s
10,000
27,000
30,000
15,000
8,000
10,000
5,000
M. 5s
Montana Central
N. Y., N. H.
N. Y., N. H.
Norwich
&
Par Value
$10,000 Portland Terminal 4s
5,000 St. L., P. & Northw. 5s
Street Railway Bonds
Boston Elevated 4s
Boston Elevated 4J-^s
Boston Elevated 5s"
Boston Elevated 53^s
$35,000
15,000
10,000
10,000
41,000
West End
4s
Telephone Company Bonds
6s
&
&
H. 3Ks
H. 4s"
Worcester 4s
826,000 Am. Tel. & Tel. Co. 5s
10,000 N. E. Tel. & Tel. Co. 5s
Bank Stocks
Old Colony 4s
Pennsvlvania 4j^s
Pine Creek 6s
Shs.
50
Wey.
Tr. Co., S.
Weymouth
WEYMOUTH — WEYMOUTH SAVINGS BANK
Incorporated February 16, 1833.
Number
of corporators, 64
John
(Vacant), President.
Irving H. Tirrell, Clerk of the Corporati
P.
Hunt, Treasurer,
m
C. L. Abbott,* G. E. Bicknell, F. M. Brvant, G H. Downing, W. E. Gutterson.f
C. G. Jordan, f F. J. A. Perrv, A. E. Pratt,* C. G. Sheppard,*t C. M. Taylor, C. F.
Vaughan, G. A. Walker, C. P. Whittle.*
of Trustees:
Board
E.
W. Hunt,*
Deposits draw interest from the fifteenth day of each month; dividends are payable March, June, September and December 15. Business hours: S.30 a.m. to 3 p.m.; Saturdays, 8.30 a.m. to 12 m.;
also Mondays and the evening of the 15th of March, June, September and December from 6 to 8 p.m.
*
Board
of
Investment.
t Auditing
Committee.
—
P.D.
8,
Part
243
I.
STATEMENT OF CONDITION, OCTOBER
Assets
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
$375,583
501,753
135,740
8,720
47,722
.
Telephone company bonds
Gas, electric and water company
bonds
Securities acquired for debts
on
real
estate
(less
Loans
$11,874.54 due thereon)
Loans on personal security
Bank building (est. val., 885,000)
Furniture and fixtures
Other assets
Due from banks and trust com
....
Deposits (7,832 accounts, average,
8434-98)
Christmas and other club deposits
Surplus:
07
50
00
00
25
.
a.
Guaranty fund (4.93%
posits)
b.
expenses
Discount unearned
Other liabilities
46
00
00
00
59 40
2,166,426
252,194
85,000
5,000
$3,406,725 31
36,071 50
of de-
....
....
Profit and loss
Interest, rents, etc.,
98,150 00
4,800 00
.
less
169,588 00
90,738 50
current
23,699 11
3,268 08
4,152 53
43,313 18
9,781 17
panies
Cash and cash items
....
Total Assets
1924
31,
Total Liabilities
$3,734,243 03
$3,734,243 03
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$10,834.34
paid for
$3,917.55
S2.000.00
2.90
.54
1.05
Cost per $1,000 of assets
Co3t per $1,000 of assets not including State tax and rent
Gross income received during the year, $200,025.97.
.
.
$650.20
.17
Rates on Investments and Loans (Average on
All,
Other Expenses
Total
$2,898.95
$20,301.04
.78
5.44
3.85
5.58%)
averaging $2,215.16 (average rate, 6.08%); bY2 %, SI, 600 6%, $2,000,301; 6H%,
$2,000; 7%, $161,325; 8%, $1,200.
62 personal loans, averaging $4,067.69 (average rate, 4.77%); 4H%, $40,000 *K%, $75,000; 5%,
$21,400; 5M%, $48,500; bV2 %, $22,500: 6%, $38,814.
Bonds, stocks, etc. (average rate on amount invested, 4.83%).
Number of loans not over $3,000 each, 834, amounting to $1,396,754.
146 real estate loans made during year, amounting to $415,175.
978
real estate loans,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Dec, 1923,
Mar., 1924,
June, 1924,
Sept., 1924,
Number
of deposits
Number
of
\Y%%
iys %
1^%
iys %
....
....
$36,268
36,6^0
37,022
37,119
651,853
.
during year, 10,705, amounting to (accounts opened 868)
$798,954 34
698,774 90
withdrawals during year, 7,812, amounting to (accounts closed 766)
Net increase
in
amount due
36
63
41
56
38
depositors (accounts increased 102)
$100,179 44
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
U.
$31,000
311,650
1,000
10,000
12,000
10,000
S. Treas.
Notes
United States
Boston 4s
4%s
4^3
5%s
Dracut 4^s
California
San Francisco, Cal., 5s
1,000 Springfield 4s
1,000 Woburn 4s
1,000 Franklin 4s
10,000 Worcester 4s
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Maine 4s
Boston & Maine 4^s
Boston & Maine 6s
$10,000
20,000
10,000
10,000
54,000
8,000
35,000
23,000
5,000
15,000 C, B. & Q. 4s
20,000 Chi., Ind. & Southern 4s
30,000 Chi., Mil. & St. P. 4^s
15,000 Chi. & Northwestern 5s
Par Value
$16,000
35,000
6,000
5,000
40,000
15,000
10,000
10,000
10,000
25,000
10,000
20,000
10,000
20,000
10,000
25,000
3,000
10,000
10,000
10,000
Clearfield
&
Jefferson 6s
Central 4s
Louisville & Nashville 4s
Louisville & Nash. 43^s
Maine Central 4>£s
Mich. Central 4s
Minn., St. P. & S. Ste.
Illinois
M 4s
N. Y. C
Nash., Flor.
&
Shef. 5s
& H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3^s
No. Pacific 4s
No. Pacific 6s
Old Colony 4s
Old Colony 5J^s
Pennsylvania 4^s
Portland & Rum. Falls 4s
Portland & Ogdens. 4^s
So. & No. Alabama 5s
Washington Co. 3Ks
Street Railroad Bonds
$25,000 Boston Elevated 4s
15,000 Boston Elevated 4^s
5,000 Boston Elevated 5s
10,000 Boston Elevated 5j^s
Par Value
Boston Elevated 6s
Eastern Mass. 4^3
Eastern Mass. 6s
$20,000
17,000
10,000
5,000
10,000
15,000
West End 4s
West End 4^3
West End 5s
1,000 Wore. & Clinton 7s
10,000 Wore. Consolidated 4J^s
6,000 Wore. Consolidated 5s
Boston Terminal Co. Bonds
$10,000 Boston Terminal
3^s
Telephone Company Bonds
$28,000 Am. Tel. & Tel. Co. 4s
25,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 Char. G. & El. Co. 5s
20,000 Hingham Water Co. 5s
10,000 Newb'p't Gas & Elec. Co.
5s
50,000 N. E. Power Co. 5s
10,000 Turners Falls P. & E. Co.
5s
P.D.
244
8,
WHITINSVILLE — WHITINSVILLE SAVINGS BANK
Branch
Part
I.
Corner Main and Sutton Streets, Northbridge
Office:
Number
Incorporated March 19, 1872.
of corporators, 57
James C. Brown, Treasurer.
Herbert H. Dudley, President,
Samuel Lynn, Clerk
of the Corporation
Board of Trustees: G. P. Armsby, B. W. Brown,* R. K. Brown, S. F. Brown,* A. W. Couper, H. H.
Dudley,* G. B. Hamblin,* J. A. Johnston, J. M. Lasell,* Samuel Lvnn, Svdnev Mason, F. W. Morris m.t H. O. Nelson, A. S. Noves.t H. A. Owen, O. L. Owen, C. F. Parkis,*t E. K. Swift, A. F.
Whitin,
J.
E. Whitin, Paul Whitin.*
Deposits draw interest from the first day of each month; dividends are payable May 1 and November
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m.; also Thurdsays, 6 to 7.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and
$379,027
536,921
122,430
82,220
Deposits (7,358 accounts, average,
Surplus:
—
....
....
....
Guaranty fund (4.68%
posits)
Discount unearned
2,896,050 00
593,707 76
.
of de-
203,000 00
142,895 34
122,390 54
1,188 28
Profit and loss
Interest, less current expenses
b.
1,026 00
....
$4,308,890 63
29,707 55
S585.61)
Christmas and other club deposits
a.
.
trust
25
75
00
00
29,800 00
54,908 54
company
Due from banks and
1924
Liabilities
stocks
Securities acquired for debts
Loans on real estate (less $8,000
due thereon)
Loans on personal security
trust
31,
1.
com
104,561 81
7,419 23
panies
Cash and cash items
Total Assets
.
Total Liabilities
$4,808,072 34
$4,808,072 34
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
$5,363.76
$8,369.99
$1,805.55
paid for
1.11
1.74
.38
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $255,712.39.
.
.
Advertising
$1,013.18
.21
Rates on Investments and Loans (Average on
300
real estate loans,
All,
Total
Other Expenses
$20,839.36
$4,286.88
4.33
.89
2.84
5.56%)
$2,749,050;
GV2 %,
4.99%); 4%, $20,000; 4J4%, $10,000;
4^%,
averaging $9,653.50 (average rate, 5.98%);
5H%,
$131,000;
6%,
$16,000.
38 personal loans, averaging $15,623.89 (average
rate,
4%%,
$45,000; 5%, $173,458; 5M%, $276,000; 554%, $1,000;
(average rate on amount invested, 4.89%).
not over $3,000 each, 107, amounting to $142,907.76.
30 real estate loans made during year, amounting to $269,550.
$68,000;
Bonds,
6%,
$250.
stocks, etc.
of loans
Number
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Nov., 1923,
May,
Number
of deposits during year, 14,693,
Number
of
2J4%
withdrawals during year, 6,174, amounting to (accounts closed 959)
Net increase
*
in
Board
amount due depositors (accounts increased
of
Investment.
$87,080 881
91,961 20
8S1.061 55
2M%
1924,
to (accounts opened 1,116)
amounting
.
.
.
.
$1,060,103 6c
839,137 891
,
$220,965 74
157)
t
Auditing Committee.
—
f
245
P.D.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$122,600 United States 4^3
25,000 U. S. Treas. Notes 4^s
125,000 U. S. Treas. Notes 4%s
Par Value
Par Value
S5,000
10,000
10,000
30,000
12,000
25,000
20,000
15,000
25,000
20,000
3,000
35,000
20,000
50,000
33,000
14,000
35,000
5,000
6,000
7,000
10,000
10,000
Public Funds, Notes
$45,000 Boston 4s
30,000 Brockton 4s
30,000 West Springfield 4s
6,000 Douglas 5^s
Railroad Bonds
$20,000 Atch., Top. & S. Fe 4s
10,000 Baltimore & Ohio 4s
10,000 Baltimore & Ohio 4^s
15,000 Baltimore & Ohio 5s
10,000 Boston & Albany 5s
5,000 Boston & Lowell 4s
20,000 Boston & Maine 4s
35,000 Boston & Maine 4^s
2,000 Boston & Maine 6s
4,000 G, B. & Q. 3^s
15,000 C, B. & Q. 4s
10,000 Chi., Mil. & St. Paul 4s
27,000 Chi., Mil. & St. P. 4Ms
25,000 Chi. & Northwestern 4s
I
Chi.
&
Northwestern 6s
Chi., R.
I.
&
$10,000
5,000
3,000
17,000
20,000
5,000
Pac. 4s
Fitchburg 4s
Fitchburg 4Hs
Illinois Central 3J4s
Illinois Central 4s
L. S. & Mich. So. 4s
Louisville & Nash. 4Ms
Louisville
Ports., Gt. F.
Providence
St. J.
St. P.,
&
&
&
5s
West End 4^3
West End 5s
Wore. Consolidated 4^s
Wore. Consolidated 5s
Gas, Electric and Water
Com-
pany Bonds
$20,000 N. E. Power Co. 5s
10,000 Old Colony Gas Co. 5s
C. 43^s
Wore. 4s
L. C. 5s
& Man.
Vermont Val. 4^s
Minn.
4s
Bank Stocks
Shs.
42 Merchants NT. Bk., Boston
20 Mt. Vernon Nl. Bk., Boston,
Street Railway Bonds
$10,000 Boston Elevated 4s
34,000 Boston Elevated 4^s
26,000 Eastern Mass. 4J^s
in liq.
Shawmut Bk., Boston
10 Nl. Union Bk., Boston
12 Worcester Bank & Trust Co.
300 Nl.
WHITMAN — WHITMAN SAVINGS BANK
Incorporated February 16, 1888.
Holyoke
Telephone Company Bonds
882,000 Am. Tel. & Tel. Co. 4s
12,000 Am. Tel. & Tel. Co. 5s
& Nashville 5s
Maine Central 4^3
Mil., L. S. & West. 5s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3Ms
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Old Colony 4s
Pennsylvania 4Hs
Eastern Mass. 6s
Number
Henry W. Chandler,
1
of corporators, 50
Edwin W. Hunt,
President.
Arthur T. Cole, Clerk of the Corporation.
Treasurer.
Archie C. Oilman, Assistant Treasurer.
of Trustees: Bela Alden, W. F. Alden.f A. H. Brigham,* H. W. Chandler,* A. T. Cole, R. B. Cooke,
C. R. Cox,* W. H. Easterbrook,* O. H. Ellis, G. E. Hersey, H.H. Hovey.f E. W. Hunt, H.S. Keith,
C. E. Lovell, Walter Pearson, John Scates, William Spellman,* J. A. Thompson.
Board
Deposits draw interest from the fifteenth day of each month; dividends are payable on and after the
fifteenth day of April and October.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m.;
also Thursdays, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
31,
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
Loans on real estate (less $9,900
.
due thereon)
Loans on personal security
Bank building (est. val., $60,000)
Due from banks and trust com.
panies
Cash and cash items
....
Total Assets
$576,090 64
594,896 50
130,087 50
22,781 30
75,727 75
Deposits (8,835 accounts, average,
$437.83)
Christmas and other club deposits
.
a.
Guaranty fund (5%
posits)
68,350 00
47,205 00
3,980 00
$3,868,203 54
67,865 50
Surplus:
of
de-
....
....
196,833
150,151
7,772
3,848
Profit and loss
Interest, less current expenses
b.
Discount unearned
00
08
62
11
2,440,904 00
231,074 00
44,500 00
56,620 61
2,456 55
$4,294,673 85
Total Liabilities
$4,294,673 85
Total Expenses for the Year, including State Taxes
Advertising
Tax (Net)
Salaries
Rent
paid for
\
$1,500.00 $1,449.72
$4,479.74
$10,497.84
Cost per SI, 000 of assets
2.44
1.04
.35
.35
Cost per $1,000 fo assets not including State tax and rent
Gross income received during the year, S238,997.33.
State
Amount
.
*
Board
of
Other Expenses
Total
$22,876.33
$4,949.03
1.15
5.33
3.94
Investment.
f Auditing Committee.
1 For
statement of Life Insurance Department, see index.
246
P.D.
Rates on Investments and Loans (Average on
54S
SI
All,
8,
Part
I.
5.55%)
6^%,
real estate loans, averaging §4,495.22 (average rate, 6.02%); 6%, $2,370,504;
$7, 7(H).
personal loans, averaging $7,454 (average rate, 4.74%); 4J£%. $35,000;
4H%,
$62,700;
$77,000;
7%
4%%
$69,300; 5M%,$10,000; 6%, $9,774.
(average rate on amount invested, 4.92%).
amounting to $412,613.
84 real estate loans made during year, amounting to $450,950.
$30,000;
Bonds,
5%,
stocks, etc.
Number
of loans not over $3,000 each, 256,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
1924,
2J^%
$81,374 40
82,759 98
812,080 61
2M%
during year, 14,029, amounting to (accounts opened 795)
.
$976,214 99
807,737 02
withdrawals during year, 10,923, amounting to (accounts closed 656)
Net increase
in
amount due depositors (accounts
$168,477 97
increased 139)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$10,000
35,000
30,000
35,000
397,000
5,000
10,000
10,000
10,000
10,000
12,000
Par Value
U. S. Treas. Bonds 4Ms
U. S. Treas. Notes 4Ms
U. S. Treas. Notes 4Hs
U. S. Treas. Notes 4%s
United States 4Ms
Chicago., 111., 4s
Cleveland, O., 5s
Detroit, Mich., 5^s
Los Angeles, Cal., 5s
Minneapolis, Minn., 5s
Portland, Ore., 4s
Public Funds, Notes
$15,000 Fall River 4s
5,000 Lexington 3.90%
2,000 Whitman 4^s
6,000 Whitman 5M§
$25,000
21,000
10,000
15,000
20,000
10,000
20,000
20,000
18,000
35,000
10,000
5,000
20,000
Railroad Bonds
Atch., Top. & S. F6 4s
Baltimore & Ohio 3^s
Baltimore & Ohio 4s
Baltimore & Ohio 43^s
Baltimore & Ohio 5s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 33^s
Boston & Maine 4s
& St. Paul 5s
& Northwest. 3^8
Fitchburg 4^s
Fitchburg 5s
Chi., Mil.
Chi.
$18,000
39.000
19,000
25,000
15,000
30,000
20,000
Par Value
M.
15,000
10,000
15,000
25,000
27,000
45,000
10,000
10,000
15,000
1,000
14,000
10,000
20,000
10,000
10,000
5,000
12,000
20,000
10,000
$10,000 West End 6s
25,000 Wore. Consolidated
Central 33^s
Central 4s
Central 5s
& Mich. So. 4s
Louisville & Nashville 6s
Maine Central 4J^s
Minn., St. P. & S. Ste.
Illinois
Illinois
Illinois
L. S.
$25,000 Boston Terminal 33^s
Telephone Company Bonds
4s
$54,000 Am. Tel. & Tel. Co. 4s
30,000 N. E. Tel. & Tel. Co. 5s
Mobile & Ohio 6s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 4^s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 3Ms
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 4J^s
No. Pacific 5s
Old Colony 3>^s
Old Colony 4s
Old Colony 5Hs
Pennsylvania 4^s
Pennsvlvania 5s
Portland Terminal 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000 N. B. Gas
&
Ed. Lt. Co.
&
Ed. Lt. Co.
5s
20,000 N. B. Gas
6Hs
20,000 N. E. Power Co. 5s
15,000 Turners Falls P. & Elec.
Co. 5s
5,000 Wore. Gas Lt. Co. 6s
Bank Stocks
Princeton & Nw. 3^s
Sioux City & Pac 3^s
Shs.
5 Abington Nl. Bk.
25 First Nl. Bk., Boston
78 Atlantic Nl. Bk., Boston
25 Merchants Nl. Bk., Boston
45 Nl. Shawmut Bk., Boston
9 Nl. Union Bk., Boston
35 Old Colonv Tr. Co., Boston
5 Second Nl. Bk., Boston
50 State St. Tr. Co., Boston
17 Web. & At. Nl. Bk., Boston
34 Whitman Nl. Bk.
Union Pacific 5s
Upper Coos 4s
Street Railway Bonds
Boston Elevated 4Hs
Boston Elevated 5s
Boston Elevated 5^s
Eastern Mass. 4^9
$25,000
25,000
10,000
30,000
10,000
10,000
4Ms
Boston Terminal Co. Bonds
West End 4^s
West End 5s
WILLIAMSTOWN — WILLIAMSTOWN SAVINGS BANK
Incorporated April
6,
1892.
Number
of corporators,
Frederick E. Moore, President.
L. G. Treadway, Clerk of the Corporation.
36
Clarence
M. Smith,
Treasurer.
H. P. Cole, Assistant Treasurer.
of Trustees: A. G. Bratton,* W. B. Clark, f H. P. Cole, E. T. Curtis, G. W. Grundv. A. E. Hall,
G. Hardy.t F. E. Moore, C. G. Smith,*t C. M. Smith,* W. E. Stoddard, H. N. teague, L. G.
Treadway.
Board
J.
Deposits draw interest from
*
Board
of
first
Investment.
day
of every month; dividends are payable April
Business hours: 9 a.m. to 2 p.m.
t
1
and October
Auditing Committee.
1.
—
P.D.
8,
Part
247
I.
STATEMENT OF CONDITION, OCTOBER
31,
Liabilities
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Securities acquired for debts
1924
$456,858
285,498
61,968
27,206
49
75
75
25
Deposits (2,732 accounts, average,
8533.26)
Surplus:
a. Guaranty fund (3.92% of de-
....
posits)
.
57,155 79
1,805 91
2,665 40
Profit and loss
Interest, less current expenses
44,486 00
10,525 00
1 00
625,558 39
1,010 00
Loans on real estate
Loans on personal security
Due from banks and trust com
$1,456,860 02
b.
215 74
panies
Cash
5,158 75
Total Assets
Total Liabilities
$1,518,487 12
$1,518,487 12
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$10.08
paid for
$4,230.00
$2,056.62
$450.00
1.35
2.79
Cost per $1,000 of assets
.29
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $77,399.68.
.
.
Total
Other Expenses
$1,191.26
$7,937.96
5.22
.78
.01
3.58
Rates on Investments and Loans (Average on
All,
5.16%)
201 real estate loans, averaging $3,112.23 (average rate, 6%); 6%, $625,558.
4 personal loans, averaging $252.50 (average rate, 5.12%); 5%, $885; 6%, $125.
Bonds, stocks, etc. (average rate on amount invested, 4.58%).
Number of loans not over $3,000 each, 150, amounting to $123,675.
43 real estate loans made during year, amounting st $123,675.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits
Number
of
Net
1924,
214%
2M%>
....
$30,652 57
31,051 26
282,296 05
during year, 3,869, amounting to (accounts opened 428)
$343,999 88
280,469 33
withdrawals during year, 2,460, amounting to (accounts closed 377)
increase in
amount due depositors (accounts increased
$63,530 55
51)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$5,000 United States 3Ks
218,000 United States 4Ms
15,000 U. S. Treas. Notes 4J^s
30,000 U. S. Treas. Notes 4%s
Public Funds, Notes
$90,000 Williamstown
115,000 Williamstown
$10,000
30,000
20,000
40,000
20,000
10,000
4^s
4%s
Railroad Bonds
Baltimore & Ohio 4^s
Boston & Albany 4s
Boston & Albany 5s
Boston & Maine 4s
Boston & Maine 4^s
Chi., Mil. & St. Paul 4s
Par Value
$5,000 Conn. River 4s
30,000 Delaware & Hudson 4s
30,000 Fitchburg 4s
20,000 Fitchburg 5s
5,000
20,000
4,000
10,000
15,000
20,000
Illinois
L. S.
Central
3^s
& Mich. So. 4s
Michigan Central 3Hs
N. Y. C. & H. R. 3Hs
N. Y., N. H. & H. 3^s
N. Y., N. H. & H. 4s
1,000 Norwich & Worcester 4s
10,000 Pennsylvania 4Ms
Street Railway
Bonds
$25,000 Boston Elevated 4s
20,000 Eastern Mass. 4^s
10,000 West End 4s
10,000 West End 4^s
5,000 West End 5s
Telephone Company Bonds
Par Value
$25,000 Am. Tel. & Tel. Co. 4s
5,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$10,000
10,000
15,000
10,000
Greenfield Gas Lt. Co. 5s
N. E. Power Co. 5s
Old Colony Gas Co. 5s
Turners Falls P. & El.
Co. 5s
Bank Stocks
Shs.
11 First Nl. Bk.,
Adams
20 No. Adams Trust Co.
6 No. Adams Nl. Bk.
67 Williamstown Nl. Bk.
—
P.D.
248
8,
WINCHENDON — WINCHENDON SAVINGS BANK
Incorporated
March
Number
31, 1854.
Part
I.
of corporators, 41
Sidney N. Fletcher, Treasurer.
Walter Boyce, President.
Frank H. Parker, Clerk
of the Corporati
Board of Trustees: Walter Boyce,* C. W. Brooks,* A. L. Brown, W. H. Brown, F. F. Davis,*t H. H.
Elliott, S. N. Fletcher, W. W. Goodwin, f H. W. Hayward,* F. H. Parker, C. A. G. Pease, W. H.
Prichard, E. S. Tucker, A. H. Whitney, t W. M. Whitney.
Deposits draw interest from the first day of each month; dividends are payable May
Business hours: 9 a.m. to 12 m.; 1 to 3 p.m.; Saturdays, 9 a.m. to 12 m.;
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
1
and November
1
to 2 p.m.
1.
1924
31,
Liabilities
20
25
00
00
28
00
101 00
$708,433
277,261
67,850
21,500
63,013
76,700
.
Bank and
trust company stocks
Securities acquired for debts
Loans on real estate (less $56,100
due thereon)
Loans on personal security
Due from banks and trust com
.
....
Deposits (8,267 accounts, average,
$534.59)
Christmas and other club deposits
Surplus:
.
a.
Guaranty fund (4.90%
b.
Profit
posits)
and
loss
Discount unearned
2,806,618 56
830,347 54
$4,419,452 13
15,349 00
of de-
....
....
217,495 08
339,787 43
2,935 25
140,869 90
2,324 16
panies
Cash and cash items
Total Assets
.
$4,995,018 89
Total Liabilities
$4,995,018 89
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Salaries
Rent
Advertising
$15.00
paid for
$5,166.46
$10,650.00 $810.00
2.13
.16
Cost per $1,000 of assets
1.03
Cost per $1,000 of assets mot including State tax and rent
Gross income received during the year, $272,367.72.
.
.
Other Expenses
$3,606.05
.01
Rates on Investments and Loans (Average on
.72
All,
5.74%)
averaging $4,405.99 (average rate, 5.94%); 5%, $1,334;
$2,236,007; 6^%, $108,500; 7%. $5,000.
172 personal loans, averaging $4,827.60 (average rate, 5.39%); 4K>%. $S0,000;
$10,000; 5K%, $96,000; 5^%, $562,248; 5M%, $5,000; 6%, $56,600.
Bonds, stocks, etc. (average rate on amount invested, 5.55%).
Number of loans not over $3,000 each, 334, amounting to $541,834.60.
107 real estate loans made during year, amounting to $560,160.
637
Total
$20,247.51
4.05
2.86
real estate loans,
5H%,
4M%.
$455,778;
6%,
$20,500;
5%,
Dividends, Deposits and Withdrawals
2^%
Ordinary dividends declared during vear: Nov., 1923,
May, 1924, 2J/2
Number of deposits during year, 5,807, amounting to (accounts opened 749)
$102,488 47
105,440 04
600,174 90
Number
$S08,103 41
610,242 58
%
Net
of
.
withdrawals during year, 4,673, amounting to (accounts closed 049)
increase in
*
Board
amount due depositors (accounts increased
of Investment.
100)
.
t
$197,860 83
Auditing Committee.
—
P.D.
8,
Part
249
I.
SCHEDULE OF SECURITIES OWNED
Railroad Bends
Par Value
$10,000 Baltimore & Ohio 3^s
15,000 Baltimore & Ohio 4J^s
15,000 Baltimore & Ohio 5s
25,000 Bennington & Rutl. 4^3
25,000 Boston & Maine 4s
10,000 Boston & Maine 4 Ms
5,000 Boston & Maine 7s
Public Funds, Bonds
Par Value
$150 United States 3Hs
412,500 United States 4Ms
82,000 U. S. Treas. Notes 4%s
10,000
10,000
10,000
10,000
5,600
10,000
5,000
11,000
5,000
5,000
2,000
15,000
5,000
4,000
10,000
5,000
5,000
8.000
U.
S.
Treas.
Bonds 4Ms
Boston 4s
Brockton 4s
Canton, O., 5s
Dayton, O., 5s
l
Davton, O., 5 As
Fall River 3^s
Fall River 4s
20,000
7,000
5,000
10,000
10,000
10,000
5,000
5,000
20,000
15,000
25,000
15,000
13,000
15,000
10,000
45,000
10,000
5,000
3,000
10,000
10,000
4Hs
Jackson, Mich.,
Lawrence 4s
Lvnn 4^s
New Bedford 4s
Salem 4s
Taunton 4^s
Amherst 4s
Attleborough 4s
South Hadley 4s
Wevmouth 4^s
Public Funds, Notes
$12,000 Winchendon 4s
20,000 Winchendon 4}4s
70,000 Winchendon 4.30%
WINCHESTER
Incorporated
Harry C. Sanborn,
Street Railway Bonds
Par Value
$15,000 Boston Elevated 4s
30,000 Boston Elevated 4>^s
5,000 Eastern Mass. 4J^s
5,000 Fitchburg & Leom. 7s
7,000 Lynn & Boston 53
20,000 West
B. & Q. 33^3
B. & Q. 4s
Chi., Ind. & Southern 4s
Chi., Mil. & St. Paul 4s
C,
C,
&
Boston Terminal Co. Bonds
Telephone Company Bonds
Am. Tel. & Tel. Co. 4s
$71,000
Bank Stocks
6s
N. Y. C. & H. R. 4s
l
N. Y., N. H. & H. 3 As
N. Y., N. K. & H. 4s
No. Pacific 3s
No. Pacific 4^s
Pennsylvania 4^s
St. J. & L. C. 5s
Minn.
& Man.
— WINCHESTER
March
3, 1871.
3^s
St. P.
Minn.
Montana Central
St. P.,
5s
$25,000 Boston Terminal Co.
4Ms
& O. 6s
Cleveland Short Line 4Ms
Fitchburg 4^s
Fre., E. & Mo. Val. 6s
Lake Shore & Mich. So.4s
Louisville & Nashville 6s
Maine Central 4^s
Chi., Mil.
Chi., St. P.,
End
Number
Shs.
8 American Trust Co., Boston
300 First Nl. Bk., Boston
100 Merchants Nl. Bk., Boston
142 Nl. Shawmut Bk., Boston
60 Old Colony Tr. Co., Boston
54 Fitchburg Bk. and Tr. Co.
195 First Nl. Bk., Winchendon
6s
SAVINGS BANK
44
of corporators,
William E. Priest, Treasurer.
President.
Jas. F. Dwinell, Clerl: of the Corporation
D. B. Badger.t G. C. Coit.f A. S. Hall, H. W. Hight,* Fred Joy,* A. A.
Kidder,* C. T. Main, H. C. Ordway, Lewis Parkhurst, Preston Pond, W. E. Priest, F. W. Reynolds, f
F. L. Ripley, J. W. Russell, Jr.,* H. C. Sanborn,* N. H. Seelve, F. S. Snvder.f E. H. Stone, A. P.
Weeks, S. P. Williams.
Board
of Trustees:
J. S. Allen,
Deposits draw interest from third Wednesday of each month; dividends are payable May 1 and November 1. Business hours: 8 a.m. to 3 p.m.; Saturdays, 8 a.m. to 12 m.; also 6 to 8.30 p.m.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Bank and trust company stocks
Loans on real estate
Loans on personal security
Bank building (est. val, S25,000)
Due from banks and trust com
panies
31,
1924
Liabilities
70
25
00
00
50
1,027,700 00
515,295 00
10,000 00
$805,309
293,351
83,900
50,630
28,044
....
....
Deposits ($5,739 accounts, average
&U8.82)
Christmas and other club deposits'
Surplus:
a.
Guaranty fund (5.02%
posits)
$2,575,806 52
40,020.75
of de
131,269 60
109,884 81
2,013 78
1,571 36
Profit and loss
Interest, less current expenses
b.
.
Discount unearned
.
41,856 58
4,479 79
Cash
Total Assets
$2,860,566 82
Total Liabilities
$2,860,566 82
Total Expenses for the Year, including State Taxes
Tax (Net) Salaries
Rent
$3,S38.S5
$6,849.76
$800.00
2.39
1.36
.28
Cost per $1,030 of assets not including State tax and rent
Dross income received during the year, $143,876.05.
State
Am-junt paid for
Cost per $1,000 of assets
.
Board
.
of Investment.
Advertising
$281.50
.10
t
Other Expenses
Total
$2,203.20
$14,033.31
.77
4.90
3.26
Auditing Committee.
—
P.D.
250
Rates on Investments and Loans (Average on
All,
8,
Part
I.
5.13%)
5H%„
averaging $4,671.36 (average rate, 5.03%); 5%, $25,000; 5M%, $50,000;
$9,250; 6%, $943,450.
personal
loans,
averaging
$17,768.79 (average rate, 493%); 4%, $25,000; 4M%, $50,000; 4J^%,
29
$125,000; 4%%, $15,000; 5%, $48,020; 5H%, $50,000; 5M%, $100,000; 5^%, $85,075; 6%,
$17,200.
Bonds, stocks, etc. (average rate on amount invested, 4.56%).
Number of loans not over $3,000 each, 98, amounting to $146,545.
41 real estate loans made during year, amounting to $273,250.
220
real estate loans,
Dividends, Deposits and Withdrawals
2J4%
Ordinary dividends declared during year: April, 1924,
Oct.,
Number
of deposits during year, 10,437,
Number
of
2M%
1924.
....
$53,914 85
55,234 17
001,402 88
amounting to (accounts opened 581)
$770,551 90
637,075 03
withdrawals during year, 4,964, amounting to (accounts closed 474)
Net increase
amount due depositors (accounts
in
$133,476 87
increased 107)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$135,000 U. S. Treas. Notes 4J^s
250,000 U. S. Treas. Notes 4%s
403,300 United States 4>is
15,000 Chicopee 4s
2,000 Fall River 4s
10,000 Fitchburg 4s
Railroad Bonds
$35,000 Baltimore & Ohio 4J^s
20,000 Boston & Albany 4s
5,000 Boston & Albany 5s
10,000 Boston & Maine 4s
7,500 Boston & Maine 6s
Par Value
$10,000 B.
10,000
10,000
15,000
10,000
5,000
20,000
5,000
20,000
10,000
25,000
35,000
5,000
20,000
25,000
10,000
C,
Street Railway
&
N. Y. Air Line 4s
B.
&
Q.
Chi., Mil.
Chi., Mil.
&
&
St. Paul 4s
St. P. 4 l
10,000
20,000
20,000
Aa
&
Northwestern 4s
Fitchburg 4s
Chi.
Illinois
Illinois
Bonds
Par Value
$35,000 Boston Elevated 4s
3Hs
Central 3s
Central 3^3
West End 4s
West End 6s
West End 6Ms
Telephone Company Bonds
$35,000 Am. Tel. & Tel. Co. 5s
16,000 N. E. Tel. & Tel. Co. 5s
Maine Central 4^s
Michigan Central 3^s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
Old Colony 3J^s
Old Colony 5^s
Pennsylvania 43^s
Portland Terminal 4s
Bank Stocks
gjjg
50
15
20
35
First Nl. Bk., Boston
Atlantic Nl. Bk., Boston
Nl. Union Bk., Boston
Second Nl. Bk., Boston
WINTHROP — WINTHROP SAVINGS BANK
Incorporated February 25, 1914.
Ahrend C.
J.
Number
of corporators,
Pope, President.
Leon C.
Board of Trustees: H.
44
Preston B. Churchill, Treasurer.
Guptill, Clerk of the Corporation
W.
Aiken, f H. C. Bartlett, F. N. Belcher, K. C. Brown, G. D. Bussev, P. B.
Churchill, E. E. Dawson, A. B. Fish, W. G. Grant, Jeremiah Green, J. H. Griffin, L. E. Griffin,*
L. C. Guptill, A. F. Henry, J. F. Hodgkins, Henrv Hutchinson, O. E. Johnson, W. C. Johnson, B. J.
Keenan, A. E. Newton, f A. C.J. Pope.*t, E. A. Thomas, A. E. Whittemore.*
Deposits draw interest from the third Wednesday of each month; dividends are payable Thursday after
the third Wednesday of April and October. Business hours: 9 a.m. to 12 m.; 1 to 3 p.m.; Saturdays, 9 a.m. to 12 m.; Wednesdays, 7 to 9 p.m., for deposits only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loans on real estate (less $700 due
....
....
.
thereon)
Loans on personal security
Due from banks and trust com
31,
1924
Liabilities
$79,710
33,497
12,715
7,232
98
50
00
50
14,913 90
1,875 00
Deposits (3,617 accounts, average,
$652,538 26
$18041)
Surplus:
a.
.....
Guaranty fund (1.35%
8,814
12,267
173
1,972
posits)
b. Profit and loss
Interest, less current expenses
Discount unearned
386,350 00
128,500 00
of de-
....
44
30
62
50
10,298 52
panies
Cash and cash items
Total Assets
*
Board
672 72
$675,766 12
of Investment.
Total Liabilities
t Auditing
$675,766 12
Committee.
P.D.
8,
Part
251
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Kent
Salaries
Advertising
S3.088.23
S510.00
S875.36
4.57
.75
Cost per SI, 000 of assets
1.30
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $34,845.78.
paid for
.
S494.21
.
.73
Rates on Investments and Loans (Average on
116
real estate loans,
averaging S3.330.60 (average rate, 6.01%);
All,
6%,
Other Expenses
S1.C72.06
1.58
Total
56,039. 86-
8.93
6.8&
5.46%)
$378,300;
6^%,
S6.8C0;
7%>
$1,250.
4M%,
averaging S4.759.22 (average rate, 4.40%); 4%, S76.000;
$8,500; 5%, S22.000; 5M%, S10.000; bV2 %, $5,000; 6%, $2,000.
Bonds, stocks, etc. (average rate on amount invested, 4.96%).
Number of loans not over S3, 000 each, 65, amounting to $142,600.
25 real estate loans made during year, amounting to $84,950.
27 personal
loans,
$5,000;
4^%»
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
2J4%
2M%
....
Number
1924,
of deposits during year, 9,175, amounting to (accounts opened 662)
Number
of
Oct.,
S12.218 27
13,223 18331,227 22
$356,668 67
273,627 84
withdrawals during year, 3,810, amounting to (accounts closed 473)
Net increase
in
amount due depositors (accounts increased
$83,040 83
189)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$61,150 United States 4Ms
10,000 U. S. Treas. Bonds 4Ms
500 U. S. Treas. Notes 4^s
1,000 U. S. Treas. Notes 4%s
Public Funds, Notes
$5,000 Revere 5Hs
6,000 Winthrop 5s
5,000
2,000
2,000
9,000
2,000
2,000
5,000
& Maine 4^s
Central 4s
Maine Central 5s
Mil., Sparta & X. W. 4s
N. Y. C. & H. R. 5s
Pennsylvania 4^3
Pennsylvania 5s
Par Value
Illinois
Union
$6,000 Am. Tel. & Tel. Co. 4s
2,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
S1.000
3,000
3,000
3,000
5,000
Pacific 5s
Street Railway Bonds
SI, 000 Boston Elevated 4J^s
2,000 Boston Elevated 5s
5,000 Boston Elevated 53^s
Railroad Bonds
$1,000 Baltimore & Ohio 4s
7,000 Baltimore & Ohio 4^s
1,000 Bangor & Aroostook 5s
5,000
1,000
West End
West End
WOBURN — WOBURN
Incorporated April
Elmer E.
Telephone Company Bonds
Par Value
$2,000 Boston
7,
4s
5s
N. B. Gas & Ed. Lt. Co. 7sCo. 6s
Spencer Gas Co. 5s
Wore. Gas Lt. Co. 5^s
Pittsfield Elec.
Bank Stocks
Shs.
15 Winthrop Trust Co.
FIVE CENTS SAVINGS
1854.
Number
Com-
pany Bonds
N.B.Gas&Ed.Lt.Co.6s
BANK
of corporators, 35
A. Herbert Holland, Treasurer.
Silver, President.
Clifford O. Soles, Clerk of the Corporation
Board of Trustees: H. M. Aldrich.f D. W. Bond, F. J. Brown, *f L. A. Chute, H. B. Dow, E. P. Fox.f
F. W. Greydon, A. H. Holland, H. C. Huntress,* B. F. Kimball,* A. H. Linscott,* W. A. Prior, T. I.
Reed, E. E. Silver,* L. W. Thompson.*
Deposits draw interest from first Saturday of each month; dividends are payable the third Saturday of
January and July. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 12 m; 6 to 8 p.m.
*
Board
of
Investment.
t Auditing Committee.
—
252
P.D.
STATEMENT OF CONDITION, 0CT03ER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
U90.95)
Christmas and other club deposits
.
due thereon)
Loans on personal security
Part
I.
.
$5,553,588 43
32,273 00
Surplus:
Guaranty fund (4-3l7o
a.
of de-
....
....
posits)
Securities acquired for debts
Loans on real estate (less $33,030
Bank
50
50
00
75
240,805 15
213,423 32
93,058 44
263 82
Profit and loss
Interest, less current expenses
75,000 00
157,290 09
875 00
.
8,
1924
Liabilities
Deposits (11,312 accounts, average,
SI, 171,505 71
1,050,617
243,487
125,000
109,985
31,
b.
Other
liabilities
2,531,031 31
538,991 34
72,959 06
building (est. val, 393,000)
insurance, etc., paid on
.
Taxes,
mortgaged properties
Due from banks and
500 00
.
trust
com-
panies
Cash and cash items
Total Assets
....
42,871 28
13,297 62
Total Liabilities
$6,133,412 16
$6,133,412 16
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
$14,315.00 $1,500.00
$761.75
Cost per $1,000 of assets
1.37
2.33
.25
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $311,582.22.
.12
paid for
.
SS.381.64
.
Other Expenses
Total
$4,903.36
$29,861.75
.80
4.87
3.25
Rates on Investments and Loans (Average on AH, 5.34%)
716
real estate loans,
$5,000; 5M%, $123,000; 6%,
4M%, $70,000; 434%. 70,000; 4^%.
5%%, $1,000; 6%, $49,705.
averaging $3,534.96 (average rate, 5.99%);
$2,403,031.
63 personal loans, averaging $8,555.42 (average rate, 4.99%);
$80,000;
Bonds,
5%, $140,000; b\i%, $60,000; 534%, $68,286;
(average rate on amount invested, 4.86%).
stocks, etc.
of loans
Number
not over S3.000 each 447, amounting to $637,952.61.
189 real estate loans made during year, amounting to $776,935.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924, 234%
$119,374 86
234%
126,817 94
1,581,896 70
July, 1924,
Number
of deposits
Number
of
Net
during year, 21,613, amounting to (accounts opened 1,322)
$1,828,089 50
1,274,516 06
withdrawals during year, 12,461, amounting to (accounts closed 1,007)
increase in
amount due depositors (accounts increased 315)
$553,573 44
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$50 United States 334s
716,750 United States 4Ks
60,000
100,000
160,000
10,000
5,000
15,000
2,800
6,000
Par Value
$45,000 Chi., St. P., M. & O. 6s
1,000 Conn. River 4s
9,000 Fitchburg 4s
25,000 Great Northern 434s
35,000 Illinois Central 3s
30,000 Illinois Central 334s
25,000 Illinois Central 4s
15,000 Louisville & Nash. 4s
75,000 Louisville & Nash. 434s
10,000 Louisville & Nash. 6s
45,000 Maine Central 434s
5,000 Minn., St. P. & S. Ste.
U. S. Certs. Indebt. 4Ms
U. S. Treas. Bonds 434s
U. S. Treas. Notes 4^s
Canton, O., 5s
Oakland, Cal., 534s
San Francisco,
Woburn
Cal., 5s
4s
Burlington
4^3
M.
Public Funds, Notes
3106,225 Wilmington 4%s
Railroad Bonds
$10,000 Atch., Top. & S Fe 4s
25,000 Atlantic Coast Line 4s
10,000 Baltimore & Ohio 4s
10,000 Beech Creek 4s
13,000 Boston & Albanv 3^s
23,000 Boston & Albanv 4s
10,000 Boston & Albanv 5s
26,000 Boston & Lowell 434 s
35,000 Boston & Maine 4^3
18,000 Boston & Maine 6s
30,000
10,000
5,000
40,000
10,000
5,000
C,
B.
&
Q. 3K>s
Chi., Mil. & St. P. 4J^s
& St. Paul 5s
Northwestern 5s
Northwestern 4s
Chi.. R. I. & Pac. 4s
Chi., Mil.
Chi.
Chi.
&
&
|
25,000
25,000
50,000
25,000
50,000
20,000
35,000
10,000
5,000
50,000
20,000
10,000
35,000
35,000
25,000
5,000
25,000
50,000
25,000
5,000
5s
N. Y. C. & H. R. 334s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 334s
X. Y., N. IT. & H. 4s
Northern Cal. 5s
No. Pacific 3s
No. Pacific 4a
No. Pacific 434s
No. Pacific 6s
Northern Ry. of Cal. 5a
X:,.
Maine Seaport
5s
Old Colon
Pennsylvania 4J4s
Phila., Bait. & Wash. 5s
Portland Terminal -Js
So. Pacific 4s
So. Pacific 6s
Union Pacific 4s
Vermont Val. 434s
Street Railway Bonds
Par Value
$10,000 Boston Elevated 434a
10,000 Boston Elevated 5s
50,000 Boston Elevated 6s
30,000 Eastern Mass. 434s
10,000
40,000
61,000
35,000
West
West
West
West
End 4s
End 5s
End 6s
End 6^s
Boston Terminal Co. Bonds
$125,000 Boston Terminal 334-3
Telephone Company Bonds
S71.000 Am. Tel. & Tel. Co. 4s
34,000 Am. Tel. & Tel. Co. 5s
18,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$50,000 N. B. Gas & Ed. Lt. Co. 5s
25,000 N. E. Power Co. 5s
Bank Stocks
g^g
420First Nl. Bk., Boston
35 Atlantic Nl. Bk., Bost.n
15 Merchants XI. Bk., Boston
345 XI. Shawmut Bk., Boston
28 Second Nl. Bk., Boston
34 Web. & At. Nl. 3k., Boston
55 Woburn Nl. Bk.
—
P.D.
8,
Part
I.
Incorporated
Thomas H.
253
WORCESTER — BAY STATE SAVINGS BANK
March
Number
1895.
9,
of corporators, 92
Thomas H.
Sullivan, President.
James F. Healy, Clerk
Callery, Treasin
of the Corporation
Board of Trustees: T. J. Barrett,* S. G. Bowen, C. M. Callahan, M. F/Cosgrove,* Daniel Downer, W. N.
Drohan,* M. F. Fallon, J. F. Healv, Richard Healv, T. F. Kennev, M. B. Lamb.f J. T. Looby,*
C. R. McDermott, J. A. McDermott, J. F. McGrath, J. J. O'Donnell.t M. J. O'Meara, J. W. Sheehan,
J. B. Simard, P. E. Somers.t T. H. Sullivan.*
Deposits draw interest from first day of each month; dividends are payable March 15 and September 15.
Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m., and for deposits only, 6 to 8 p.m.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
.
Telephone company bonds
Gas, electric and water company
bonds
Christmas and other club deposits
$3,518,558 27
9,523 00
.
Surplus:
Guaranty fund (3.19%
a.
of de-
....
posits)
112,534 00
82,405 79
36,997 25
Profit and loss
Interest, less current expenses
15,825 00
100 00
.
due thereon)
Loans on personal security
Due from banks and trust com
Deposits (4,913 accounts, average,
$716.17)
70
75
50
50
00
$579,422
506,443
104,088
4,187
69,175
Securities acquired for debts
Loans on real estate (less $7,500
b.
2,442,586 00
3,875 00
32,356 03
1,958 83
panies
Cash and cash items
...
Total Assets
1924
Liabilities
Total Liabilities
$3,760,018 31
$3,760,018 31
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
$7,147.00
$2,671.07
$2,000.00
paid for
.71
1.90
.53
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $191,744.49.
.
.
Advertising Other Expenses
Total
$1,247.79
$2,843.64
$15,909.50
.33
.76
4.23
2.99
Rates on Investments and Loans (Average on
All,
5.41%)
bV
real estate loans, averaging $4,894.96 (average rate, 5.97%);
2 %, $160,400;
7 personal loans, averaging $553.57 (average rate 5.13%); 5%, $3,375; 6%, $500.
Bonds, stocks, etc. (average rate on amount invested, 4.35%).
Number of loans not over $3,000 each, 139, amounting to $269,461.
40 real estate loans made during year, amounting to $324,550.
499
6%,
$2,282,186.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: March, 1924,
of deposits
Number
of
2%%
$71,541 07
75,059 22
723,606 39
1924,2^%,
.
Number
during year, 10,591, amounting to (accounts opened 412)
$870,206 68
573.146 12
withdrawals during year, 4,047, amounting to (accounts closed 336)
Net increase
in
amount due
depositors (accounts increased 76)
$297,060 56
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$433,850 United States 4^s
10,000 U. S. Treas. Bonds 4M
50,000 U. S. Treas. Notes 4J^s
93,000 U. S. Treas. Notes 4%s
Railroad Bonds
Atch., Top. & S. Fe 4s
Baltimore & Ohio 4s
Baltimore & Ohio 4J^s
Boston & Albanv 4s
Boston & Lowell 4s
Boston & Maine 4s
$15,000
20,000
10,000
80,000
10,000
10,000
*
Board
of
Investment.
Par Value
$80,000
15,000
10,000
37,000
36,000
45,000
10,000
10,000
25,000
25,000
C,
B.
Q. 33^s
&
Paul 4s
Chi. & Northwestern 4s
Fitchburg 4s
Illinois Central 3J^s
Illinois Central 4s
Jam., Fran. & Clearf'd 4s
L. S. & Mich. So. 4s
Maine Central 4^s
Minn., St. P. & S. Ste.
M.
10,000
15,000
10,000
25.000
24,000
5,000
5,000
&
Chi., Mil.
St.
4s
No. Pacific os
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 3^s
Pennsylvania 4j^s
So. Pacific 4s
Union Pacific 4s
Street Railway Eonds
Par Value
$33,000 Boston Elevated 4s
5,000 Boston Elevated 4^s
40,000 Eastern Mass. 4J^s
31,000 West
End
4s
Boston Terminal Co. Bonds
$5,000 Boston Terminal
3^s
Telephone Company Bonds
$65,000 Am. Tel. & Tel. Co. 5s
5,000 N. E. Tel.
&
Tel. Co. 5s
Gas, Electric and Water
Company Bonds
$15,000 N. E. Power Co. 5s
1,000 Old Colony Gas Co. 5s
t Auditing
Committee.
—
25
P.D.
\
WORCESTER — PEOPLE'S SAVINGS BANK
Incorporated
May
Number
13, 1864.
W. White,
I.
Treasurer
George E. Ryan,
Harry C. Midgle;
the Corporation.
Part
of corporators, 134
Frederick
George A. Gaskill, President.
William C. Radcliffe, Clerk of
8,
Assistant Treasurers.
of Trustees: G. I. Alden, H. P. Baglev, G. F. Booth, A. H. Bullock, J. V. Critchley, George Crompton,* F. H. Daniels.t R. B. Dodge, W. T. Forbes, G. A. Gaskill,* H. W. Goddard,* W. G. Hall, J. N.
Heald, A. S. Hevwood.t C. D. Heywood, G. X. JepDson, W. W. Johnson,* E. W. Kinsley,*
F.
Marble, C. S. Marshall, P. B. Morgan,* W. S. Shepard, G. A. Smith,! C. M. Stanlev,
M. Thaver.
Alfred Thomas, J. F. Tinsley, F. W. White, W. A. Whitney, M. P. Whittall, William Woodward,
A. O. Young.
Board
C
C
Deposits draw interest from first day of each month; dividends are payable the second day of February
and August. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m., and 6 to 8 p.m. for
deposits only.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
.
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
on
real
estate
(less
Loans
$29,866.15 due thereon)
Loans on personal security
.
.
.
§2,949,458
4,790,042
939,495
25,000
70,020
8300,000)
trust
40
25
00
00
00
Deposits (43,642 accounts, average,
$615.72)
$26,871,317 65
Christmas and other club deposits
175,269 00
Surplus:
.
....
Guaranty fund U-97% of
a.
posits)
b. Profit and loss
Interest, less current expenses
113,125 00
139,549 23
.
Bank building (est. val.,
Due from banks and
1924
Liabilities
de-
1,345,000 00
943,149
340,805
5,482
977
.
Discount unearned
Other liabilities
18,508,683 68
1,545,176 52
197,000 00
.
95
13
26
47
com
366,287 91
38,163 47
panies
Cash and cash items
Total Liabilities
$29,682,001 46
Total Assets
$29,682,001 46
Total Expenses for the Year, including State Taxes
State
Amount
Tax
(Net)
Rent
Salaries
Advertising
$5,844.36
$37,759.24
$51,935.77
$4,500.00
paid for
1.27
1.75
.15
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $1,525,842.44.
.
.
.20
.
Rates on Investments and Loans (Average on
2,618 real
6%,
averaging $7,069.78 (average rate, 5.96%);
estate loans,
$17,203,834;
6^%,
5.47%)
$175,000;
$29,850.
160 personal loans, averaging S9, 657. 35 (average
$148,000;
All,
5%,
Other Expenses
Total
$16,823.85
116,863.22
.57
3.94
2.52
5%, $555,428; 5M%,
rate,
$251,300;
5.05%)
;
534%, $309,638;
5%%,
53^%, $1,100,000;
Y
4 2 %, $225,000; 4M%.
$1,425; 6%, $24,885; 7%,
434%, $25,000;
$4,500.
stocks, etc. (average rate on amount invested, 4.54%).
Number of loans not over $3,000 each, 1,097, amounting to $2,166,218.68.
508 real estate loans made during year, amounting to $5,779,680.
Bonds,
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Feb., 1924,
Number
of deposits
Number
of
Net
234%
2M%
Aug., 1924,
during year, 146,089, amounting to (accounts opened 5,386)
withdrawals during year, 59,687, amounting to (accounts closed 4,996)
increase in
*
Board
amount due depositors (accounts increased 390)
of
Investment.
$548,817 40
570,213 13
6,530,897 44
$7,649,928 03
6,075,217 66
$1,574,710 37
t
Auditing Committee.
—
P.D.
Part
8,
255
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$2,936,700 United States 4^3
50,000 U.S.Treas. Notes 4Ms
Par Value
$55,000
102,000
2,000
30,000
50,000
200,000
180,000
100,000
40,000
25,000
99,000
33,000
200,000
27,000
50,000
119,000
Public Funds, Notes
$2,000 Bovlston 3%s
6,000 Dana 5s
500 Leicester 5Hs
9,505 Oxford 3Ms
1,000 Paxton
4^3
Railroad Bonds
392,000 Atch., Top. & S. Fe 4s
62,000 Beech Creek 4s
55,000 Baltimore & Ohio 4s
160,000 Baltimore & Ohio 43^s
50,000 Baltimore & Ohio 5s
25,000 Bangor & Aroostook 5s
50,000 Boston & Albany 33^s
266,000 Boston & Albany 4s
9,000 Boston & Albany 4^s
31,000 Boston & Lowell 4s
5,000 Boston & Lowell 4Hs
110,000 Boston & Maine 4s
91,000 Boston & Maine 4J^s
13.500 Boston & Maine 6s
11,000 Boston & Maine 7s
184.000
50,000
125,000
75,000
82,000
25,000
75,000
4,000
23,000
C,
B.
&
& Hud.
4s
M. 4s
53,000 Minn., S. Ste. M. &
Atlan. 4s
25,000 New London & No. 43
109,000 New England 4s
118,000 N.Y.C.&H.R.33^S
233,000 N.Y.C.&H.R. 4s
150,000 N.Y.C.&H.R. 5s
111,000 N.Y..N.H.&H. 3^s
275,000 N.Y.,N.H.&H.4s
300,000 No. Pacific 6s
75,000 Norwich & Wore. 4s
150,000 Old Colony 4s
125,000 Pennsvlvania 4J/£s
50,000 Port. & Rum. Falls 4s
58,000 Portland Term. 4s
75,000 So. Pacific 4s
50,000 Sullivan County 6s
5,000 Western Penn. 4s
82,000 Wore, Nash. & Roch.
Q. 4s
Chi., Mil.
Chi., Mil.
Chi., Mil.
Delaware
Fitchburg 4s
Fitchburg 4 }^s
Fitchburg 5s
Far. & P. Chester 4s
Illinois Central 3^s
Illinois Central 4s
Illinois Central 5s
L. S. & Mich. So. 4s
Louis. & Nash. 4J^s
Louis. & Nash. 5s
Me. C, E. & N. A. 4s
Maine Central 4Hs
Maine Central 5s
Mich. Central 3^s
Minn., St. P. & S. Ste.
& St. P. 4s
& St. P. 4J^s
& St. P. 5s
& Northwest. 4s
I. & Pac. 4s
Cleve. Short Line 4J^s
Conn. River 4s
Conn. & Pass. Rivers 4s
Chi.
Chi., R.
4s
Street Railway Bonds
Par Value
$92,500 Boston Elevated 4s
142,000 Boston Elevated 4^3
100,000 Boston Elevated 5^3
183,000 Eastern Mass. 4}^s
35,000 Fitchburg & Leom. 7s
30,000 Holvoke 5s
42,000 Lvnn & Boston 5s
7,000 N. Bed., Mid. & Brock.
75,000 West End 4s
25,000 West End 5s
100,000 West End 6s
21,000 West End 7s
76,000 Wore. Consol. 4^s
34,000 Wore. Consol. 5s
1,000 Wore. Consol. 7s
Boston Terminal Co. Bonds
$25,000 Boston Terminal
3^s
Telephone Company Bonds
$72,000 N. E. Tel.
& Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$65,000 N. B. Gas & Ed. Lt.
Co. 5s
50,000 N. E. Power Co. 5s
Bank Stocks
Shs.
2S5 NT. Shawmut Bk., Boston
496 Worcester Bk. & Tr. Co.
WORCESTER — WORCESTER COUNTY INSTITUTION FOR SAVINGS
Branch
Offices: 414
West Boylston
Street, Worcester; 231 Front Street, Worcester; 2
Webster
Square, Worcester
Incorporated February
5,
1828.
Number
of corporators, 175
Dwight
Samuel B. Woodward, President.
Charles A. Hamilton, Clerk of the Corporation.
S. Pierce, Treasurer.
Clarence F. Potter,
Harry I. Spencer,
Fred Holdsworth, Jr.,
]
}
Assistant Treasurers.
J
Board of Trustees: A. L. Aiken,* Harding Allen, Charles Baker, E. N. Bartlett, H. W. Bates, G. F.
Blake. f A. G. Bullock,* F. H. Chamberlain, DeWitt Clinton,! A. O. Davis, F. A. Drurv, E. T. Estey,*
O. H. Everett, A. W. Ewell, G. F. Fuller, Homer Gage, T. H. Gage.f C. A. Hamilton, W. S. B.
Hopkins, H. S. Joslin, Roger Kinnicutt, D. W. Lincoln, Waldo Lincoln, W. D. Luev, A. S. Miller,
R. S. Riley, G. I. Rockwood, W. H. Sawyer, Jr., J. C. Stewart,* L. H. Torrev, John Tuck, Reginald
Washburn, Leonard Wheeler, J. E. White, E. M. Wood, S. B. Woodward,* B. H. Wright.
Deposits draw interest from first business day of each month; dividends are payable January 15 and
July 15. Business hours: 9 a.m. to 3 p.m.; Saturdays, 9 a.m. to 1 p.m. and 6 to 8 p.m. for deposits
only.
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Boston Terminal Co. bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and trust company stocks
Loanon
real
estate
(less
$243,839.44 due thereon)
Loans on personal security
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Bank building (est. vol., $500,000)
Taxes, insurance, etc., paid on mortgaged properties
....
.
Total Assets
*
Board
of
.
$6,078,593
7,044,324
460,375
128,106
788,329
23
50
00
25
50
372,097 50
277,100 00
23,520,564 26
2,305,177 52
500,000 00
6 50
703,192 05
85,181 14
.
$42,263,047 45
Investment.
1924
Liabilities
.
Due from banks and trust companies
Cash and cash items
31,
Deposits (59,759 accounts, average,
$632.20)
$37,779,907 98
Christmas and other club deposits
333,430 22
Surplus:
.
a.
Guaranty fund U-96%
....
....
....
posits)
b. Profit and loss
Interest, rents, etc.,
expenses
Discount unearned
Other liabilities
of de-
less
Total Liabilities
* Auditing
1,890,827 57
1,494,188 67
current
758,694 31
3,244 38
2,754 32
$42,263,047 45
Committee.
256
P.D.
8,
Part
I.
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
paid for
S40.381.57
.96
Cost per $1,000 of assets
Rent
Salaries
§66,664.04
1.57
Other Expenses
$56,196.07
1.33
Advertising
$23,400.00
$6,628.36
.55
r $1,000 of assets not including State tax and rent
Gross income received during the year, $2,185,000.87.
.16
.
Total
$193 270 04
4.57
3.06
Rates on Investments and Loans (Average on
All,
5.38%)
4,201 real estate loans, averaging $5,598.80 (average rate, 5.88%); 5%, $1,251,700; 5%%, $125,000:
5M%, $3,175,513; 6%, $18,968,351.
278 personal loans, averaging $8,292.00 (average rate, 5.00%); 4%, $50,000; 4^%. $327,500;
$75,000; 43^%. $50,000; 5%, $1,094,053; 5M%, $551,677; 5^%, $126,518; b% %, $2,500; 6%,
$27,930.
Bonds, stocks, etc. (average rate on amount invested, 4.67%).
Number of loans not over $3,000 each, 2,437, amounting to $4,414,306.47.
718 real estate loans made during year, amounting to $4,999,300.
4%%,
Dividends, Deposits and Withdrawals
%
2^%
Ordinary dividends declared during year: Jan., 1924, 2}4
July, 1924,
Number
of deposits during year, 135,608,
Number
of
amounting
to (accounts
$774,612
804,265 09
8,546,665 47
opened 6,625)
withdrawals during year, 6S.396, amounting to (accounts closed 5,111)
Net increase
in
amount due
depositors (accounts increased 1,514)
$10,125,543 44
S,130,242 01
$1,995,301 43
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$3,686,450 United States 4 /£s
75,000 U.S.Certs.Indebt.4Ms
1,500,000 U.S. Treas. Bonds4Ms
100,000 U. S. Treas. Notes4Ms
100,000 U.S. Treas. Notes 4^s
200.000 U. S.Treas. Notes 4Ms
150,000 Minnesota 4%s
100,000 Boston 4s
100,000 Fall River 4s
150,000 Los Angeles 4 Ms
50,000 Los Angeles 5s
70,000 Revere 4.25%
10,000 San Francisco 5s
l
Public Funds, Notes
$1,750
15,000
33,600
8,425
5,950
2,400
6,500
Auburn 4s
Auburn 4J4s
Holden 3.44%
Leicester 43^s
Shrewsbury 5s
Shrewsbury
W. Boylston
5^s
4J^s
Ra ilroad Bonds
Atch., Top. & S. Fe
$350,000
50,000
100,000
250,000
260,000
142,000
400,000
15,000
50,000
100,000
4s
Atlantic Coast Line 4s
& Ohio 4^s
& Albany 3^s
& Albany 4s
& Maine 4s
& Maine 4Hs
& Maine 7s
Baltimore
Boston
Boston
Boston
Boston
Boston
B., N. Y. Air Line 4s
B.,R. B.,&Lynn43^s
5,000 Central of Ga. 5s
200,000 C, B. & Q. 3^s
C,
B.
&
Q. 4s
150,000
50,000 Chi.,Mil.&St.P.4Hs
Par Value
$150,000
50,000
100,000
200,000
50,000
50,000
100,000
100,000
100,000
160,000
150,000
60,000
444,000
50,000
300.000
Chi.
Chi.
Chi.
&
&
Northw.
3^s
Northwest. 4s
& Northwest. 5s
Chi., R. I. & Pac. 4s
Cleve. & Pitts. 3>^s
Cleve.
Conn.
&
&
Pitts.
4^s
88,000 West End 4s
50,000 Wore. Consol. 43^s
50,000 Wore. Consol. 5s
P. Rivers 4s
Danbury & Norwalk4s
& Pitts. 33^s
Fitchburg 4s
Gt. Northern 4^3
Illinois Central 3s
Illinois Central 3J^s
Illinois Central 4s
Louis. & Nash. 4s
10,000 Louis. & Nash. 5s
50,000 L., Atl., K. & Cin. 4s
75,000 Minn., St. P. & S. Ste.
Erie
M.
50,000
100,000
65,000
250,000
100,000
245,000
410,000
100,000
100,000
100,000
100,000
500,000
200,000
200,000
50,000
140,000
25,000
100,000
170,000
150,000
100,000
155,000
Street Railway Bonds
Par Value
$150,000 Boston Elevated 4s
100,000 Boston Elevated 4^8
30,000 Eastern Mass. 4J4s
50,000 Lynn & Boston 6s
Boston Terminal Co. Bonds
$155,000 Boston Terminal 3J^s
Telephone Company Bonds
$375,000 Am. Tel. & Tel. Co. 5s
425,000 N. E. Tel.
& Tel. Co. 5 s
4s
Nash., Flor. & Shef. 5s
New England 4s
New York & N. E. 4s
N. Y. C. & H. R. 33^s
N. Y. C. & H. R. 4s
N.Y..N.H.& H. 3^s
N. Y.. N. H. & H. 4s
No. Maine Seaport 5s
No. Pacific 4s
No. Pacific 4J^s
No. Pacific 6s
Old Colony 4s
Pennsylvania 4V£s
Phil., Bait.
& Wash.
5s
Providence Term. 4s
&
St. J.
St. P.,
L. C. 5s
M. & Man. 4J^s
St.P..M.& Man. 4s
So. Pacific 4s
Union Pacific 4s
Union Pacific 5s
Wore, Nash. &
R
4s
Gas, Electric and Water
Com-
pany Bonds
$50,000 N. B. Gas & Ed. Lt.
Co. 5s
25,000 N. B. Gas & Ed. Lt.
Co. ey2 s
200,000 N. E. Power Co. 5s
100,000 Turners Falls P. & El.
Co. 5s
Bank Stocks
Shs.
400 Atlantic Nl. Bk., Boston
100 Merchants Nl. Bk., Boston
155 Nl. Union Bk., Boston
366 Second Nl. Bk., Boston
100 Web. & At. Nl. Bk., Boston
400 Third Nl. Bk., Springfield
1,000 Wore. Bank & Trust Co
250 Mer. Nl. Bk., Worcester
—
P.D.
8,
Part
257
I.
WORCESTER FIVE CENTS SAVINGS BANK
WORCESTER
Incorporated April 11, 1854.
Number
Mvron F. Converse, Treasurer.
Harrison G. Taylor, 1
Assistant Treasurers.
Laurence H. Cross,
Chandler Bullock, President.
Samuel D. Spurr, Clerk
of corporators, 116
of the Corporation.
I
Board of Trustees: C. P. Adams,* C. L. Allen, G. S. Barton, E. P. Bennett, Nils Bjork, Chandler Bullock,* A. C. Comins, M. F. Converse, E. P. Curtis.t H. W. Estabrook.f C. E. Hildreth, T. S. Johnson * G. W. Mackintire,* A. E. Nye, R. W. Rollins, George Richardson, W. E. Sibley, F. C. Smith,
S. D. Spurr, t H. G. Stoddard, F. B. Washburn,* F. H. Willard, H. B. Wood.
Deposits draw interest from first business day of each month dividends are payable on and after January
Business hours: 9 a.m. to 3 p.m.: Saturdays, 9 a.m. to 1 p.m., and for deposits
15 and July 15.
only, 6 to 8 p.m.
;
STATEMENT OF CONDITION, OCTOBER
Assets
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Bank and
trust
company
stocks
Securities acquired for debts
Loans on real estate (less $91,965
.
.....
due thereon)
Loans on personal security
Bank building (est. vol., $230,300)
Due from banks and trust com
pames
Cash and cash items
1924
Liabilities
$4,474,029
2,894,335
454,312
472,387
Deposits (72,625 accounts, average,
$22,768,941 00
$313.51)
270,840 00
Surplus:
79
49
50
45
Christmas and other club deposits
224,375 00
31,900 00
5,000 00
.
.....
....
Guaranty fund (4-95%
a.
posits)
of de-
1,140,000 00
716,490 47
b. Profit and loss
Interest, rents, etc., less current ex-
penses and taxes
Discount unearned
14,994,085 00
1,429,575 00
150,000 00
....
446,645 01
10,523 77
189,589 73
33,850 29
Total Liabilities
$25,353,440 25
Total Assets
31,
.
$25,353,440 25
Total Expenses for the Year, including State Taxes
Tax (Net)
Salaries
Rent
Advertising
$62,628.17
$7,802.52
$9,865.07
2.47
.85
.31
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
year,
$1,327,778.51.
during
the
received
Gross income
.39
State
Amount paid
$21,612.78
for
Other Expenses
$25,820.57
1.02
Total
$127,729.11
5.04
3.88
Rates on Investments and Loans (Average on AH, 5.46%)
3,556 real estate loans, averaging $4,216.55 (average rate, 5.99%); bV2 %, $240,000; 6%, $14,754,085.
253 personal loans, averaging $5,650.49 (average rate, 5.07%); 4^%. $50,000; 4H%, $88,000; 4%%,
$70,000; 5%, $733,690; 5>g%, $50,000; oHVo, $195,300; bV2 %, $209,465; 5M%. $3,000; 6%,
$30,120.
Bonds, slocks, etc. (average rate on amount invested, 4.60%).
Number of loans not over $3,000 each, 1,665, amounting to $3,116,670.
653 real estate loans made during year, amounting to $3,541,050.
Dividends, Deposits and Withdrawals
Ordinarv dividends declared during year: Jan., 1924,
July, 1924,
Number
of deposits during year, 154,827,
Number
of
2J4%
$459,855 05
2%%
amounting to (accounts opened 8,264)
withdrawals during year, 58,492, amounting to (accounts closed 5,692)
Net increase
in
Board
amount due
of
depositors (accounts increased 2,572)
Investment.
480,288 61
5,522,861 49
$6,463,005 15
5,050,032 27
$1,412,972 88
t Auditing Committee.
P.D.
258
8,
Part
I.
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
,
$100,000
447,500
100,000
200,000
369,200
U.
U.
U.
U.
U.
S. Certs. Indebt.
S. Trea9. Bonds
S. Treas. Notes
S. Treas. Notes
Railroad Bonds
4Ms
4J4s
4^3
4M>s
S. Treas. Notes 4>4S
2,959,700 United States 4)4s
15,000
25,000
25,000
50,000
25,000
10,000
60,000
25,000
30,000
60,000
10,000
22,000
Oregon 5 A*
Akron, O., 5\is
l
Par Value
$10,000
25,000
125,000
50,000
20,000
50,000
73,000
60,000
71,000
Par Value
$72,000 Atch., Top. & S. Fe 4s
50,000 Baltimore & Ohio 3'^s
110,000 Baltimore & Ohio 4s
50,000 Baltimore & Ohio 4^s
79,000 Boston & Albany 3^s
55,000 Boston & Maine 4s
16,000 Boston & Maine 6s
25,000 Boston & Maine 7s
Cleveland, O., 5^8
Detroit, Mich., 5s
Detroit, Mich., 5^8
Detroit, Mich., 53^s
Los Angeles 4 3/tS
Los Angeles, Cal., 5s
Omaha, Neb., 5}4s
San Fran., Cal., 4j/£s
Worcester 4 His
Cherry V. & Roch. (W.
D.) 4s
Public Funds, Notes
40,000 C, B. & Q. 3Hs
25,000 Chi., Mil. & St. Paul 4s
50,000 Chi., Mil. & St. P. 4^8
3,000 Chi. & Northwestern 4s
93,000 Chi. & Northwestern 5s
25,000 Chi., R. I. & Pac. 4s
10,000 Dexter & Piscataquis 4s
75,000 Illinois Central 3s
60,000 Illinois Central 33^s
170,000 Illinois Central 4s
25,000 L. S. & Mich. So. 3^s
150,000 L. S. & Mich. So. 4s
75,000 Louisville & Nash, os
111,000 Maine Central 4J^s
80,000 Michigan Central 3 l^s
100,000 Minn., St. P. & S. Ste.
M.
90,000
100,000
178,000
202,000
200,000
125,000
10,000
30,000
150,000
$5,000 Boylston 4}^s
14,000 Rutland 4^s
21,000 Holden 4J^s
9,200 Holden 4J4s
900 Paxton 5s
2,500 Shrewsbury 3^s
1,300 Shrewsbury 4s
10,000 W. Boylston 4^s
7,000 W. Boylston 5^8
& Wash. 5s
& Rum. Falls 4s
Phil., Bait.
Port.
Portland Terminal 4s
So. Pacific 4s
Union Pacific 4s
Wor., Nash.
& Roch
4s
Street Railway Bonds
$75,000 Boston Elevated 4s
75,000 Boston Elevated 4^3
50,000 Boston Elevated 5s
200,000 Eastern Mass. 4^s
78,500 Eastern Mass. 6s
Telephone Company Bonds
$290,000 Am. Tel. & Tel. Co. 4s
37,000 Am. Tel. & Tel. Co. 5s
178,000 N. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$50,000 N. B. G. & Ed. Lt. Co. 5s
75,000 N. E. Power Co. 5a
100,000 Turners Falls P. & El.
Co. 5s
4s
New England 4s
N. Y. C. & H. R. 3^s
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
X. Y., X. H. & H. 3^s
N. Y., N. H. & H. 4s
No. Pacific 4s
No. Pacific 5s
No. Pacific 6s
No. Railway 5s
Pennsylvania 4s
Pennsylvania 4Mj8
Bank Stocks
I
I
Shs.
200 First Nl. Bk., Boston
119 Worcester Bank & Trust Co.
WORCESTER -WORCESTER MECHANICS SAVINGS BANK
Incorporated
George M. Bassett, President.
Frauds H. Dewey, Jr., Clerk of
May
15, 1851.
Number
of corporators, 110
Charles L. Burleigh, Treasurer.
Walter R. Dadmun, \ Assistant Treasurers.
the Corporation.
Mary M. Cheney,
STATEMENT OF CONDITION, OCTOBER
Assets
.
Telephone company bonds
Gas, electric and water company
bonds
Federal Land Bank bonds
.
trust company stocks
Securities acquired for debts
(less
estate
real
on
Loans
Bank and
.
$47,680.67 due thereon)
Loans on personal property
Due from banks and trust com.
panies
Cash and cash items
$2,693,502
3,001,184
466,000
283,093
00
86
00
75
Deposits (24,086 accounts, average
$775.87)
129,062
100,000
211,405
1,000
50
00
38
Profit and loss
Interest, less current expenses
Investment.
a.
U.99%
Guaranty fund
posits)
.
.
b.
.
Discount unearned
.
$18,687,586 97
of de
.
933,000
827,730
280,185
20.374
00
17
02
63
00
12,308,925 33
1,266,980 02
267,631 79
20,091 16
$20,748,876 79
Total Assets
of
1924
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Board
31,
J
Total Liabilities
t
$20,748,876 79
Auditing Committee.
P.D.
Part
8,
259
I.
Total Expenses for the Year, including State Taxes
State
Tax
(Net)
Rent
Salaries
Advertising
Amount
$21,374.08
$37,268.67
$12,000.00
paid for
1.03
1.79
.58
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
received
during
the
year,
$1,084,640.35.
income
Gross
$3,433.15
.
Rates on Investments and Loans (Average on
Other Expenses
Total
$14,405.40
$88,481.30
.69
4.26
2.65
All,
5.42%)
2,153 real estate loans, averaging $5,717.10 (average rate, 5.99%); 5^%, $335,000; 6%. $11,973,925.
116 personal loans, averaging $10,922.24 (average rate, 4.86%); 43^%, $518,300; 4M%, $30,000;
4.80%, $50,000; 5%, $403,859; oH%, $161,850; 5^%, $82,100; 6%, $20,871.
Bonds, stocks, etc. (average rate on amount invested, 4.52%).
Number of loans not over 83,000 each, 868, amounting to $1,692,540.
109 real estate loans made during year, amounting to $1,237,900.
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: Jan., 1924,
Number
of deposits during year, 51,490,
Number
of
234%
$392,302 42
404,632.92
July, 1924, 234%
to (accounts opened 2,904)
amounting
3,037,263 36
$3,834,198 70
2,977,124 25
withdrawals during year, 23,262, amounting to (accounts closed 2.14S)
Net increase
in
amount due depositors (accounts increased
$857,074 45
756)
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
$125,000
100,000
300,000
10,000
2.177,650
U.
U.
S. Treas.
Notes
4^s
Treas. Notes 43^s
Treas. Notes 4%s
United States 3^3
United States 434s
U.
Telephone Company Bonds
Par Value
Par Value
S.
S.
Railroad Bonds
$50,000 Baltimore & Ohio 3^3
30,000 Baltimore & Ohio 4s
19,000 Baltimore & Ohio 5s
100,000 Boston & Albany 3>^s
100,000 Boston & Albanv 4s
50,000 Boston & Albany 43^s
25,000 Boston & Albanv 5s
80,000 Boston & Lowell 4s
50,000 Boston & Maine 3^s
100,000 Boston & Maine 4s
75,000 Boston & Maine 43^3
55,000 Boston & Maine 7s
195,000 C, B. & Q. 3Hs
105,000 C, B. & Q. 4s
50,000 Chi., Mil. & Puget So. 4s
79,000 Chi., Mil. & St. Paul 4s
30,000 Chi., Mil. & St. P. 43^s
100,000 Chi., R. I. & Pac. 4s
50,000 Cleve. Short Line 4^s
40,000 Conn. River 4s
150,000 Fitchburg 4s
175,000
80,000
120,000
100,000
75,000
25,000
50,000
100,000
125,000
50,000
Fitchburg 5s
Central 3s
Central 3^s
Central 4s
& Mich. So. 33^s
& Mich. So. 4s
Louisville & Nash. 5s
Maine Central 4^s
Michigan Central 3Ms
Minn., St. P. & S. Ste.
Illinois
Illinois
Illinois
L. S.
L. S.
M.
50,000
175,000
75,000
100,000
50,000
60,000
125,000
50,000
25,000
50,000
25,000
100,000
4s
New London North. 4s
N. Y. C. & H. R. 33^s
N. Y. C. & H. R. 4s
N. Y., N. H. & H. 33^s
X. Y., X. H. & H. 4s
No. Maine Seaport 5s
Norwich & Wore. 4s
Old Colony 4s
Pennsylvania 4J^s
Providence & Wore. 4s
Sioux Citv & Pac. 3V2 s
Wore, Nash. & R. 4s
Street Railway Bonds
$60,000 Boston Elevated 4s
105,000 Boston Elevated 43^s
235,000 Eastern Mass. 4^s
100,000 West End 4s
20,000 Wore. Consol. 434s
25,000 Wore. & Southb. 4^s
Par Value
$200,000 Am. Tel. & Tel. Co. 4s
100,000 X. E. Tel. & Tel. Co. 5s
Gas, Electric and Water
Com-
pany Bonds
$75,000 X. E. Power Co. 5s
55,000 Turners Falls P. & E.
Co. 5s
Federal Land Banks Bonds
$100,000 Louisville, Ky.,
4^3
Bank Stocks
Shs.
100 First XI. Bk., Boston
42 Atlantic XI. Bk., Boston
186 Merchants XI. Bk., Boston
7 Mt. Vernon XI. Bk., Boston,
in liq.
100 XI. Shawmut Bk., Boston
94 XI. Union Bk., Boston
108 Second XI. Bk., Boston
31 Web. & At. XL Bk., Boston
248 Mechanics XI. Bk., Worcester
300 Worcester Bank and Tr. Co.
YARMOUTH — BASS RIVER SAVINGS BANK
Incorporated April 15, 1S74.
Charles G. Baker, President.
Manton H. Crowell, Clerk of the Corporation.
Xumber
of corporators,
33
Hiram D.
Loring, Treasurer.
Laura B. O'Xeil, Assistant Treasurer.
Board of Trustees: C. G. Baker,* C. E. Crowell.t J. W. Crowell, M. H. Crowell, O. L. Crowell, J. P.
Edwards,*! E. E. Hawes, J. H. Jenks, Jr.,f M. F. Jones, E. D. Kellev, R. M. Kellev, H. D. Loring,
E. C. Matthews,* E. S. Osborne, D. F. Sears,* H. H. Sears,* J. H. Thatcher.
Deposits draw interest from first business day of each month; dividends are payable April 1 and October
Business hours: 9 a.m. to 12 m.; 2 to 4 p.m.; Saturdays, 9 a.m. to 12.30 p.m.
*
Board
of
Investment.
t Auditing
Committee.
1.
—
260
P.D.
STATEMENT OF CONDITION, OCTOBER
31,
Assets
Telephone company bonds
Bank and trust company stocks
$62,586
200,913
29,920
20,000
52,163
.
212
698,796
63,750
2,400
.
Loans on real estate
Loans on personal security
Bank
building
{eat. vol.,
$4,000)
Real estate by foreclosure,
Part
I.
Liabilities
Public funds, bonds and notes
Railroad bonds and notes
Street railway bonds
Securities acquired for debts
8,
1924
.
00
75
80
00
00
00
00
00
00
Deposits (1,8
So 8 5. 46)
Surplus:
a.
accounts, averc
$1,093,656 84
Guaranty fund (4.71% of
de-
51,556 20
45,754 55
5,313 16
posits)
6. Profit and loss
Interest, less current expenses
.
etc. (as-
2,453 54
sessed value, 88,200)
Due from banks and
com-
trust
58,310 70
4,774 96
panies
Cash and cash items
Total Assets
.
Total Liabilities
$1,196,280 75
$1,196,280 75
Total Expenses for the Year, including State Taxes
State
Amount
Tax (Net)
Rent
Salaries
Advertising
Other Expenses
$38.26
$1,644.58
1.37
$3,437.85
$100.00
paid for
$1,839.07
1.54
2.87
.08
Cost per $1,000 of assets
Cost per $1,000 of assets not including State tax and rent
Gross income received during the year, $63,128.85.
.
.
.03
Total
$6,939.59
5.89
4.27
Rates on Investments and Loans (Average on All 5.619c)
338
real estate loans,
6H%,
averaging $2,067.44 (average rate, 6.03%)
$7,200;
7%,
A%,
$5,000; b l
;
5%,
$1,200;
5)4%, $3,000; 6%, $669,036;
$18,360.
37 personal loans, averaging $1,722.97 (average
rate,
4^%.
5.22%);
$20,000;
A%%,
$10,000;
6%, $17,250; 7%, $1,500.
on amount invested 4.87%).
$10,000;
5X%,
etc. (average rate
Number of loans not over $3,000 each, 297, amounting to $292,825.
68 real estate loans made during year, amounting to $220,246.
Bo?ids, stocks,
Dividends, Deposits and Withdrawals
Ordinary dividends declared during year: April, 1924,
October, 1924,
Number
of deposits during year, 1,855,
Number
of
amounting
2\4%
2V2 %
to (accounts
$24,419 09
24,817 80
215,510 55
opened 152)
$264,747 44
182,889 12
withdrawals during year, 1,523, amounting to (accounts closed 105)
Net increase
in
amount due depositors (accounts
increased 47)
$81,858 32
SCHEDULE OF SECURITIES OWNED
Public Funds, Bonds
Par Value
$20,000 U. S. Treas. Notes 4J^s
1,000 United States 3J^s
3,000 United States 4s
30,000 United States 4^9
10,000 Seattle, Wash., 4^s
$10,000
4,000
11,000
Railroad Bonds
Baltimore & Ohio 4s
Baltimore & Ohio 4J^s
Baltimore & Ohio 5s
Bangor & Aroostook 5s
Boston & Albany 4s
Boston & Maine 4s
Boston & Maine ±y2 s
5,000
5,000
11,000
9,000
20,000 C, B. & Q. 33^s
5,000 Chi., Mil. & St. Paul 4s
3,000 Chi., Mil. & St. Paul 5s
6,000 Fitchburg 5s
Par Value
$25,000
10,000
4,000
5,000
4,000
5,000
Central 3J/£s
& Nash. 5s
Maine Central 4^s
Maine Central 5s
Me. Cent., E. & N. A. 4s
Minn., St. P. & S. Ste.
Illinois
Louisville
M.4s
13,000
10,000
5,000
15,000
15,000
10,000
5,000
10,000
4,000
N. Y. C. & H. R. 4s
N. Y. C. & H. R. 5s
N. Y., N. H. & H. 33^s
N. Y., N. H. & H. 4s
No. Maine Seaport 5s
Old Colony 4s
Pennsylvania 4J^s
Pennsvlvania 5s
Wore, Nash. & Roch. 4s
Street Railway
Bonds
$5,000 Boston Elevated 4s
5,000 Boston Elevated 4^s
Par Value
$5,000 Boston Elevated 5s
6,000 Eastern Mass. 4^s
11,000
West End 4^s
Telephone Company Bonds
$20,000
Am.
Tel.
&
Tel. Co. 5s
Bank Stocks
Shs.
24 Beacon Tr. Co., Boston
55 First Nl. Bk., Boston
6 First Nl. Bk., New Bedford
6
15
50
20
20
15
First Nl. Bk., Yarmouth
Merchants Nl. Bk., Boston
Nl. Shawrnut Bk., Boston
Old Colonv Tr. Co.. Boston
Web. & At. Nl. Bk., Boston
Nl. Union Bk., Boston
P.D.
8,
Part
261
I.
MASSACHUSETTS HOSPITAL LIFE INSURANCE COMPANY
50 State Street, Boston
Incorporated February 24, 1818
Howard
Louis Curtis, President.
BALANCE SHEET, NOVEMBER
notes
.
.
....
Other bonds
Railroad stocks
Stocks of banks and trust companies
Loans on
real estate
.
.
Real estate
Personal, collateral and corporation
notes
State tax paid
.
Expense
Shares in capital stock
Cash
in
banks
.
.
.
1924
1,
Liabilities
Assets
United States bonds and treasury
Railroad bonds and notes
$3,602,380
4,415,722
797,368
473,305
56
68
00
35
443,519 51
16,470,277 80
1,313,833 48
3,892,650
17,438
51,616
6,450
699,244
Deposits
Capital and surplus
Guaranty fund
Interest
.
1
Annuities on lives
Annuity suspense
Reserved
for
depreciation
buildings
Federal income tax withheld
From
this
account about $1,360,000
is
$25,591,686
1,111,905
1,061,120
1,943,948
2,172,253
225,783
40
87
23
37
21
14
51,616 49
73,913 60
3,195 90
25
45
49
00
15
$32,183,806 72
$32,183,806 72
1
Stockton, Actuary.
to be devoted to the
payments
of interest for the current year
P.D.
2
8,
Part
I.
STATEMENTS OF LIFE INSURANCE DEPARTMENTS OF
SAVINGS BANKS
BROCKTON — PEOPLE'S SAVINGS BANK
INSURANCE DEPARTMENT
Began business November
Incorporated October 21, 1907.
Balance Sheet, October
Ledger A
Loans on real estate
Loans secured by collateral
Loans to this bank's policy holders
Premium notes on policies
.
....
Public funds
Railroad bonds
Street railway bonds
Telephone company bonds
Liabilities
Deposits in banks and trust companies
in office
....
$830,r.27 00
Claims for death losses
Dividends left to accumulate
2,200 00
.
....
....
....
terest
Premiums paid
Interest
in
advance
Salaries, expenses, etc.
Medical examiners' fees
Taxes
bonds
Cash
1908
Net reserve
$522,342 00
60,125 00
76,087 07
11 62
110,1.55 60
56,132 50
20,690 00
34,807 50
company
Gas, electric and water
2,
31, 1924
.
7,957 80
Unpaid dividends
6,672 12
3,278 28
Dividends declared on annual
dend
Special surplus fund
Unassigned funds
76
11
17
14
99
37
49
00
divi
6,438 05
41,083 G3
65,911 07
$898,259 49
Xon-Ledger Assets
Accrued interest
184
1,639
2,315
190
114
1,300
$951,915 67
12,047 61
Gross uncollected and
deferred premiums
Deduct loading
Disbursements
Paid for death claims and matured
$43,775 92
5,863 46
.
37,912 46
Amortized value
book value
endowments
bonds over
of
Unification of mortality
.
....
Consideration for original annuities
Renewal premiums
Dividends
left to
accumulate at
terest
.
.
Total income
Ledger assets Oct.
....
31,
Commissions to agents
Medical examiners' fees
1923
11,505 07
1,005 50
148,457 44
Salaries
.
155 72
855 01
.
2,225
5,510
1,000
2,373
.
......
Rent
Expenses
in-
Gross interest from investments
Dividend on deposit
Profit on sale of bonds
11,505 07
terest
purchase
to
38,284 15
Dividends applied to purchase
paid-up insurance
Dividends left to accumulate at in-
$30,318 40
Dividends applied
paid-up insurance
27,979 00
1,977 09
13,445 92
......
cash
$951,915 67
Income
First year's premiums on original
policies
....
Paid for annuities
Surrender values paid in cash
Dividends paid to policy holders in
1,659 11
2,037 00
Furniture and fixtures
1.55 72
44,009 01
20 26
1,143 75
463
Taxes
Unification of mortality
1,305
1,693
.
Other disbursements
352
Total disbursements
Ledger assets Oct. 31, 1924
$236,615 15
770,770 17
.
33
50
00
50
35
29
22
68
$109,125 83
898,259 49
$1,007,385 32
$1,007,385 32
Exhibit of Policies
Transfers
Policies in
Classifl-
I
Force
and
Oct. 31, 1923
Revivals
Policies in
Policies
Terminated
Force
Oct. 31, 1924
cation
Amt.
Xo.
V,
hole
life
No.
3,638 82,670,233 1,013
Amt.
S967.700 -'28
3
Endowment
2,357
364
1,419,437
815,138
137
39
Amt.
Xo.
115,500
264,305
-'
17
a 16
3 5
2
6,359 $4,904,808 1,189
SI, 347,505
3
,
Death
§26,800
18
51 Surrender
23 Lapse
3 Decrease
14,500
3 3,500
io
How
m
Terminated
3 16,000
-
••32
Xo.
9
2 5,600
316,673
110
S289,273
259
$14,500 4,545 S 3,540,633
45,000
23.000
4,000
Death
45 Surrender
- Decrease
Amt.
.
.
5,500 2,429
29,000
500
1,4S8,937
315
1,094,548
295,968
$417,468 7,289 $6,124,118
Deferred annuities
3 Additions and increases.
4 Including Group
Deductions.
Insurance.
In addition, annuities representing annual payments of $13,984.00.
35
$6,
P.D.
8,
Part
263
I.
LYNN — LYNN FIVE CENTS SAVINGS BANK
INSURANCE DEPARTMENT
Incorporated
November
Began business November
1922.
1,
Balance Sheet, October
31, 1924
Liabilities
Ledger Assets
Loans on real estate
Loans secured by collateral
Loans to this bank's policy holders
Present value of amounts not yet due
.
80
.
Premiums paid in advance
Interest and rent paid in advance
4,861 79
......
Medical examiner's
Taxes
46
29
15
89
00
00
225 00
anty fund
Special expense guaranty fund
$13,231 43
2,073 69
.
fees
Unification of mortality
Interest due, special expense guar
664 22
5,000 00
1,645 28
18,050 62
.
Surplus
Unassigned funds
11,157 74
of
65
155
96
107
25
2,571
terest
Nun-Ledger Assets
Accrued interest
Gross uncollected and
Amortized value
969 90
on supplementary contracts
Dividends left to accumulate at
18
$74,116 77
.
$57,032 00
Net reserve
00
00
$50,275
14,460
108
4,411
Public funds
Deposits in banks and trust companies
deferred premiums
Deduct loading
1923
1,
bonds over book
$85,943 59
4 86
values
$85,943 59
Disbursements
Income
First year's premiums on original
.
.....
policies
826,299 43
....
6,085 99
...
Surrender values applied to purchase
paid-up insurance
Consideration for original annuities
25,203 89
63 76
2.475 75
31
225 00
32 10
.
818,765 97
74,116 77
Total disbursements
assets, Oct. 31, 1924
$62,373 78
30,508 96
1923
31,
20
32
24
13 77
1,212 83
Interest on special expense guaranty
fund
Other disbursements
accumulate at
from investments
Total income
Ledger assets Oct.
34
219
926
200
State taxes
Unification of mortality
993 32
to
63 76
Expenses
gencies
left
to accumulate at in
claims on supplementary
contracts
Commissions to agents
Medical examiners' fees
Consideration for supplementary con
tracts not involving life contin
teresr
Gross interest
left
terest
Paid for
2 23
1,249 41
Renewal premiums
Dividends
9,426 10
cash
Dividends
Dividends applied to purchase paid
up insurance
$5,265 00
372 32
775 02
Paid for death claims
Paid for annuities
Surrender values paid in cash
Dividends paid to policy holders in
.
Ledger
$92,882 74
$92,882 74
Exhibit of Policies
Policies in
Transfers
Policies in
Classifi-
Force
Policies
and
Oct. 31, 1923
Issued
Revivals
Policies
Force
Terminated
Oct. 31, 1924
cation
No.
Whole
life
.
No.
1,253 81,219,500
571
8551,100
1
2
3
Endowment
All other 4
71'
49
1,373
Deferred annuities
66,500
228,397
81,514,397
44
16
631
Amt.
No.
8727,230
61
14
2
3
2 i
3 3
41,750
134,380
2
l
2
13
3
58
3 2
3
3
82,000
60,500
14,000
How
No. Terminated
4 Death
68 Surrender
27 Lapse
2 Decrease
2
1>00 o
7
Surrender
3
3,000
3
Lapse
2
6,061
.
.
.
.
.
Amt.
Xo.
84,000 1,678 81,625,600
67,500
27,000
2,000
7,000
2,500
107
100,750
277,452
108
465,749
386,485
$337,924
113
8387,452 1,893 S2.192,
13
3 Additions and Increases.
4 Including Group Insurance.
Deductions.
In addition, annuities representing annual payments of 82,497.
82,000
264
P.D.
— LYNN
LYNN
8,
Part
I.
INSTITUTION FOR SAVINGS
INSURANCE DEPARTMENT
November
Incorporated
1,
Began business November
1922.
Balance Sheet, October
31, 1924
Ledger Assets
Liabilities
Loans on real estate
Loans to this bank's policy holders
Railroad bonds
Street railway bonds
Telephone company bonds
Gas, electric and water company
bonds
Deposits in banks and trust com-
Net reserve
$51,825 00
84 30
11,157 50
2,697 50
985 00
.
.
.
.
Dividends
to
accumulate
at
Premiums paid
.
.
.
.
.
.
Unification of mortality
.
.
.
.
24 02
203 24
.
...
129 51
25 00
00
00
69
70
5,000
1,881
1,515
17,504
....
Surplus
Unassigned funds
....
960 12
in-
in advance
Medical examiners' fees
Taxes
Expense guaranty fund
...
$79,156 so
X ox-Ledger
left
.
terest
5,412 20
interest
$64,352 00
Present value of amounts not yet due
on supplementary contracts
6,995 00
panies
Accrued
1922
1,
Assets
$91,595 2S
405 43
Gross uncollected and
deferred premiums
Deduct loading
.
.
.
$14,223 5S
2.212 99
Disbursements
Paid for death claims
Paid for annuities
Surrender values paid in cash
Dividends paid to policv holders in
cash
Dividends applied to pay renewal
....
....
12,010 59
Amortized value
bonds over book
of
.
22 76
value
$91,595 28
up insurance
I
Dividends
$28,113 14
....
to
accumulate at
in-
33 54
Renewal premiums
Dividends and interest held on de-
Commissions
to agents
Medical examiners' fees
24,620 80
993 32
tracts
.
.
.
9 52
273 75
.
.
.
1,413 14
posit
Consideration for supplementary con
480 00
116 07
9 69
Salaries
Dividends
Expenses
left to accumulate at in
terest
Gross interest from investments
Unification of mortality
33 :>4
2,659 S4
151 58
2 00
Income from other sources
31,
left
6,507 50
interest
6,507 50
3,436 05
Consideration for original annuities
Total income
Ledger assets Oct.
293 70
Dividends applied to purchase paidoriginal
Dividends applied to purchase paid-
up insurance
1,066 21
premiums
Income
premiums on
First year's
policies
$5,515 00
517 21
1,042 79
.
State taxes
Interest on special expense guaranty
fund
Other disbursements
....
Total disbursements
Ledger assets Oct. 31. 1924
$66,517 77
30.409 85
1923
.
.
.
.
.
475 00
18 00
$17,771 12
79,156 50
$96,927 62
$96,927 62
Exhibit of Policies
Transfers
Policies in
Force
Oct. 31. 1923
Classifi-
Policies
and
Issued
Revivals
Policies in
Policies
Terminated
Force
Oct. 31. 1924
cation
Xo.
Whole
life
1.336
Amt.
SI. 300.750
Xo.
740
Amt.
Amt.
Xo.
$715,800
3
1
82
2
i
2
38
Endowment
All other
88
4
80.600
51
99,953
79
31
Deferred anr
1
863.740
87
3
3
3
3
How
Terminated
5 Death
72 Surrender
34 Lapse
7.500
1,000
11
8 4,027
150.304
22
S69.777
14S
4
Surrender
Lapse
.
.
Amt.
Xo.
2
Amt.
$5,000 1,894 S1.S36.050
71.500
34,000
10,000
3,500
145
133.600
147.045
141
174.125
$271,045 2.180 $2,143,775
10
uities
Revivals.
850
2
3
-6
74.940
3
1.475 $1,481,303
S
31
2
73.000
S3. 000
81.000
8.000
3
Xo.
$1,600
4
3 Additions and Increases.
Including Group Insurance.
Deductions.
In addition, annuites representing annual payments of $2,247.
P.D.
Part
8,
265
I.
NORTH ADAMS — NORTH ADAMS SAVINGS BANK
INSURANCE DEPARTMENT
Incorporated February
1924.
8,
Began business February
Balance Sheet, October
31, 1924
Ledger Assets
....
....
Liabilities
Loans on real estate
Loans secured by collateral
Deposits in banks and trust com-
Net reserve
$11,000 00
200 00
Premiums paid
in office
in
$8,590 00
24 94
191 86
advance
Medical examiners' fees
Taxes
1,505 63
39 17
panies
Cash
1924
29,
10 00
488 00
Unification of mortality
Special expense guaranty fund
5,000 00
1,556 29
Unassigned funds
$12,744 80
Non-Ledger Assets
$15,861 09
....'.
Accrued interest
Gross deferred premi-
....
ums
Deduct loading
.
.
136 06
$3,538 79
558 56
Disbursements
2,980 23
Commissions to agents
Medical examiners' fees
09
$15,
Salaries
Expenses
Income
First year's
policies
premiums on
$7,287
1,530
.
207
5,000
.
....
Total income
Furniture and fixtures
Expense guaranty fund
Other disbursements
original
Consideration for original annuities
Gross interest from investments
Special expense guaranty fund
$27 05
767 'J7
67 00
227 45
12 88
170 82
....
65
84
67
00
8
.
Total disbursements
Ledger assets Oct. 31, 1924
3!'
1,281 36
12,744 SO
$14,026 16
$14,026 16
Exhibit of Policies
Tansfers
Policies in
Force
Classifi-
Policies
and
Issued
Revivals
Oct. 31, 1923
Policies in
Policies
Terminated
Force
Oct. 31. 1924
cation
Amt.
No.
Whole
life
Endowment
All other
_
*
-
-
Deferred annuities
Xo.
Amt.
Xo.
371
$358,250
34
52
37,250
2 J
15
8,700
-'3
438
S404.200
-
Amt.
3
54,000
2
2
3
Xo.
How
Terminated
23 Lapse
Decrease
5 Lapse
.
Amt.
Amt.
Xo.
$22,500
500
352
$339,250
33.750
3,000
46
3,000
2
750
10
4,950
S500
30
$26,750
408
$377,950
1
$200
500
.
4 Including Group Insurance.
3 Additions and Increases.
Deductions.
In addition, annuities representing annual payments of $200.
266
P.D.
— BERKSHIRE COUNTY
PITTSFIELD
8,
Part
I.
SAVINGS BANK
INSURANCE DEPARTMENT
Incorporated July
Began business August
13, 1911.
Balance Sheet, October
Liabilities
Xet reserve
Claims for death
Bank
Special surplus
....
....
in office
com
616 09
$507,059 70
1,544 17
$407,830 29
8,008 18
.
22.140 99
461 95
Anticipated recovery of Federal taxes3
Amortized value of bonds over book
value
Unification of mortality
Disbursements
Paid for death claims and permanent
3,505 29
6,007 00
of
cash
900 00
First
policies
up insurance
Dividends
$38,225 14
accumulate
at in-
101 52
...
Renewal premiums
Dividends left to accumulate at
Commissions to agents
Medical examiners' fees
Salaries
Furniture and fixtures
115 82
19,007 99
5 28
Gross interest from investments
in
....
2,297 12
$186,439
383,719
31, 1923
619 83
651 30
63 60
State taxes
General insurance guaranty fund
Other disbursements
Decrease, by adjustment, in book
value of bonds
book
.
Total income
2,131 96
4,295 00
1,961 98
170 25
Expenses
in
terest
....
14 30
613 60
posit
6,892 90
750 00
119,145 35
Consideration for original annuities
Ledger assets Oct.
6,849 90
to
Dividends and interest held on de-
original
....
Profit and less
Increase, by adjustment,
value of bonds
left
terest
Dividends applied to purchase paid-
up insurance
40,163 56
Dividends applied to purchase paid-
$507,059 70
Income
year's premiums on
$37,563 00
750 25
6,297 95
.
over
stocks
....
disability
Paid for annuities
Surrender values paid in cash
Dividends paid to policy holders in
$507,959 70
Deduct book value
market value
3,819 29
31,826 40
74,039 58
$26,164 56
4,017 57
.
.
30
63
50
00
ilivi
Unaligned funds
Xon-Ledger Assets
Accrued interest
Gross uncollected and
deferred premiums
Deduct loading
553
790
92
700
Taxes
Dividends declared on annual
dend policies
28,520 00
trust
4,075 00
.
.
stocks
$391,163 00
losses
Premiums paid in advance
Interest paid in advance
Medical examiners' fees
....
Cash
1911
....
Ledger Assets
Loans on real estate
$290,100 00
Loans secured by collateral
26,600 00
Loans to this bank's policy holders
31,606 78
Railroad bonds
59,681 50
Street railway bonds
17,968 61
Telephone company bonds
4,193 14
Gas, electric and water company
bonds
7,000 00
Deposits in banks and
panies
1,
31, 1924
81 25
$102,329 25
467,830 29
Total disbursements
Ledger assets Oct. 31, 1924
'.'4
$570,159 54
$570,159 54
Exhibit of Policies
Transfers
Policies in
Force
Policies
and
Oct. 31, 1923
Issued
Revivals
Xo.
Xo.
Whole
life
Endowment
2,180 SI, 730,457 1,014
1,076
660,576
102
Amt.
2
*
2
24
2
3
19
3
«
$1,500
23,000
18i 5oo
2
,000
3
6,500
5,500
Terminated
How
-
11
Terminated
Death
44 Surrender
22 Lapse
- Decrease
7
31
179
2,381,970
48
1,541,650
3,435 $4,773,003 1,164 S2,602,050
Deferred annuities
Revivals
2
19
3
24
3 2
2
14,146
820,225
45
$802,079
160
3
3
.
.
Death
Surrender
- Decrease
All other *
Force
Oct. 31, 1924
Xo
Xo.
8974,400
Policies in
Policies
.
.
Amt
-
Xo
Amt
-
-
S8.000 3,114 S2.635.357
36,750
21,250
500
722.376
3,500 1,140
19,000
500
708,693
187
4.021,006
$798,193 4,441 S7.378.939
13
2 Deductions.
4 Including Group insurance.
3 Additions and increases.
In addition, annuities representing annual payments of $4,512.
S2.20O
P.D.
8,
Part
267
I.
PITTSFIELD
— CITY
SAVINGS BANK
INSURANCE DEPARTMENT
Incorporated July
3,
1912.
Began business July
Balance Sheet, October
31, 1924
Liabilities
Ledger Assets
Loans on
Loans to
....
real estate
this bank's policy holders
.
Public funds
Railroad bonds
Street railway bonds
Securities acquired
Deposits in banks and trust companies
....
Cash
1912
15,
Net reserve
$284,725 00
19,818 54
15,257 81
5,000 00
3,000 00
2 00
$275,711 00
Present value of amounts not yet due
on supplementary contracts
Claims for death losses
Dividends left to accumulate at
2,633 99
1,000 00
149 79
terest
in advance
Interest on policy loans
Premiums paid
7,745 49
50 00
in office
767
450
89
400
Medical examiners' fees
Taxes
Dividends declared on annual
$335,598 84
Surplus
7,053 81
Unassigned funds
Gross uncollected and
deferred premiums
Deduct loading
.
.
.
2,536
1,154
20,000
54,472
policies
Unification of mortality
Non-Ledger Assets
00
ilivi
dend
Accrued interest
82
38
31
$19,530 58
2,817 78
34
00
00
82
$359,365 45
16,712 80
Disbursements
Paid for death claims
Paid for annuities
Surrender values paid in cash
Dividends paid to policy holders in
....
$359,365 45
$24,636 00
658 73
4,505 57
.
52,992 46
cash
for claims on supplementary
contracts
Commissions to agents
Medical examiners' fees
Paid
Income
First year's premiums on original
policies
......
17,206 15
....
Dividends applied to purchase paidup insurance
Consideration for original annuities
Salaries
left to
Expenses
600 00
Furniture and fixtures
112,701 26
accumulate at
123
6,000
12,777
7,542
62
00
41
02
64 45
terest
Income from other sources
$163,530 80
272,924 83
31, 1923
Other disbursements
....
Ledger assets Oct.
1924
31,
17
788 58
414 27
754 07
4,099 00
513 18
643 53
18 87
State taxes
Miscellaneous expenses
Decrease in book value of note
Loss on sale of stocks and bonds
Unification of mortality
i
Due on uncompleted loans
Gross interest from investments
Profit on sale of stocks and bonds
Ledger assets Oct.
Rent
6,515 86
Renewal premiums
Dividends
354 96
386 74
82
84
00
1,085
5,968
1,125
1,911
$100,856 79
335,598 84
$436,455 63
$436,455 63
Exhibit of Policies
Transfers
Policies in
Force
Policies
and
Oct. 31, 1923
Issued
Revivals
Amt.
Whole
life
2,010 $1,599,162
606
$587,700
Arm.
Xo.
2 23
3
2
20
Policies in
Policies
S2 1,000
19,500
3
Oct. 31, 1924
No.
9
649
416,015
82
27
34
61,400
2
3
6,000
3,500
Terminated
Death
45 Surrender
15
Endowment
.
Lapse
4 Death
18 Surrender
.
Lapse
4 Decrease
.
1
21,780
3,612,451
2,780 55,627,628
721
8670,
2
17
3
23
12,126
588,617
32
$572,491
128
2
3
Force
Terminated
Amt
-
$8,000 2,544 82,126,962
38,000
12,400
2,000
12,000
1,000
1,000
701
458,915
1,800,219
128
2,410,503
($1,874,619 3,373 84,996,380
Deferred annuities
2
3 Additions and Increases.
4 Including Group Insurance.
Deductions.
In addition, annuities representing annual payments of $3,300.
$1,600
268
P.D.
8,
Part
I.
WHITMAN — WHITMAN SAVINGS BANK
INSURANCE DEPARTMENT
Incorporated June
Began business June
18, 1908.
Balance Sheet, October
22, 1908
31, 1924
Ledger Assets
....
Loans on real estate
Loans secured by collateral
Loans to this bank's policy holders
Premium notes on policies
.
.
Public funds
Railroad bonds
Street railway bonds
Liabilities
.
....
Telephone company bonds
Gas, electric and water company
bonds
.
.
Bank
Net reserve
$746,478 00
49,000 00
98,715 80
Ill 84
188,950 10
50,940 25
24, 103 50
21,184 75
.
Claims for death losses
Dividends left to accumulate at
Deposits in banks and trust companies
262 IS
terest
Premiums paid in advance
Interest and rent paid in advance
4,106
2,645
51
189
1,200
31
Salaries
Medical examiners' fees
Taxes
Dividends due policy holders
Dividends declared on annual div
dend policies
Special surplus fund
.
25,625 00
3,500 00
stocks
$1,115,928 00
2,000 00
ii
.
Unification of mortality
Interest
$1,225,695 17
Unassigned funds
....
or,
00
75
9,050 52
60,058 90
1,950 00
327 03
110,090 64
.
16,785 93
58
65
4S
Non-Ledger Assets
Accrued interest
Gross uncollected and
deferred premiums
Deduct loading
.
$1,307,893 26
11,982 02
$59,233 86
7,869 74
.
Disbursements
Paid for death claims
Paid for matured endowments
Paid for permanent disability
Paid for annuities
Surrender values paid in cash
Dividends paid to policy holders
51,364 12
bonds and marstocks over book
Amortized value
ket value
value
of
of
37,869 45
2,604 00
1,402 50
1,977 21
19,890 30
.
18,851 95
.
$1,307,893 26
....
...
Rent
Expenses
Furniture and fixtures
State taxes
Miscellaneous expenses
245 37
63,924 91
4,049 30
27 57
.
Income from other sources
Interest
Premium on bonds
Advance premium
$343,377 94
$160,489 40
Total disbursements
Ledger assets Oct. 31, 1924
1,042,806 63
1923
31,
48 63
80
48
86
33
55
964 45
972 83
835 11
280 91
100 75
1 57
1,486
2,870
7,533
1,408
3,460
.
Salaries
11,748 30
4,986 34
223,659 53
left to accumulate at in
terest
Gross interest from investments
Unification of mortality
Total income
Ledger assets Oct.
Commissions to agents
Medical examiners' fees
$34,736 62
Dividends applied to purchase paid
up insurance
Consideration for original annuities
Dividends
76,781 67
Dividends held on deposit
policies
Renewal premiums
in
cash
Income
First year's premiums on original
1,225,695 17
$1,386,184 57
$1,386,184 57
Exhibit of Policies
Transfers
Policies in
Classifi-
Force
Policies
and
Oct. 31. 1923
Issued
Revivals
Policies in
Terminated
Policies
Force
Oct. 31, 1924
cation
No.
Whole
Amt.
Amt.
No.
i!
No.
Amt.
14'
4,570 $3,387,293 1,179 $1,122,200
life
i
1
2 46,
3
2
3
26
$3,500
38,500
23,300
No.
!
i
24 Death
64 Surrender
28 Lapse
1
Endowment
3.527
2,120,870
165
H
137.750
1,000
22.750
4.000
1
-31
2
35
3
How
Terminated
Decrease
4
.
556
1,868,428
76
21,292
i
2
3
8.653 $7,376,591
Deferred anr
1.420 $1,281,242
1.490
2 5,270
395,191
140
$361,961
345
4
1
12
58
»9
3
3
-
Amt.
53.000!
26.100
.
7.000 3.579
51,250
2,000
.
2,180.120
500
314,022
512
1.967.109
$473,172 9,737 $8,546,622
M
uities
Revivals.
.
Lapse
Decrease
All other
No.
$19,300 5,616 $4,399,393
12 Death
74 Surrender
2
Amt.
'
$5,506
2 Deductions.
3 Additions and Increases.
Including Group Insurance.
In addition, annuities representing annual payments of $16,918.
'
——
P.D.
8,
Part
—
—
269
I.
GENERAL INSURANCE GUARANTY FUND
Principal Office, Room 207, State House, Boston
Organized July 30, 1907. Commenced business June 22, 1908.
Edgar N. Wrightington, Treasurer.
George L. Barnes, President.
Alice H. Grady, Clerk.
James R. Savery, Vice-President.
Board of Trustees: G. W. Alden, G. L. Barnes, H. W. Chandler, B.
E.
J.
Rothwell,
J.
R. Savery, G. M. Webber,
M. Wrightington.
STATEMENT OF CONDITION OF FUNDS ON OCTOBER
1924
31,
Balance on hand October 31, 1923
$128,063 34
Income
Interest on deposits in
All other income:
bank
$3,744 19
Liberty bond coupons
Amortization of bonds
Received on account of unification of mortality:
From:— People's Savings Bank, Brockton
Lynn Five Cents Savings Bank
Berkshire County Savings Bank, Pittsfield
City Savings Bank of Pittsfield
2,018 75
297 36
.
1,693 22
1,212 83
651 30
643 53
Total income
10,261 18
$138,324 52
Total
Disbursements
State tax
All other disbursements:
Safe deposit vault rent
$396
—
Paid on account of unification of mortality
Lynn Institution for Savings
To:
Whitman Savings Bank
—
—
:
93-
$10 00
.
151 58
4,049 30
$4,607 81
394 76
Assets not admitted
5,002 57
Balance on hand October 31, 1924
$133,321 95
Investments
Liberty Bonds, amortized value
15,839 91
Deposited in:
Atlantic National Bank, Boston
Assabet Institution for Savings, May
nard
Attleboro Trust Company
Belmont Savings Bank
County Savings Bank
Berkshire
.
.
Pittsfield
....
Beverly Savings Bank
Beverly Trust Company
Bridgewater Savings Bank
Brighton Five Cents Savings
334 65
371 26
1,419 53
636 53
2,825 31
666 98
986 96
1,475 56
.
Bank
.
1,061
1,457
2,472
1,541
2,548
1,163
1,543
2,818
1,224
18
74
55
71
98
72
80
55
74
202 25
ner's Falls
East Bridgewater Savings Bank
East Cambridge Savings Bank
East Weymouth Savings Bank
Everett Savings Bank
Everett Trust Company
Florence Savings Bank
Foxborough Savings Bank
Framingham Trust Company
Franklin Savings Bank, Boston
Gardner Savings Bank
Greenfield Savings Bank
Grove Hall Savings Bank, Boston
Haydenville Savings Bank
Holyoke Savings Bank
Hudson Savings Bank
Hyde Park Savings Bank
Lawrence Savings Bank
Leominster Savings Bank
Lowell Institution for Savings
Ludlow Savings Bank
Lynn Five Cents Savings Bank
Lynn Institution for Savings
.
.
.
.
.
.
.
in:
$213 60
.
Marlborough Savings Bank
801 01
.
Melrose Savings Bank
Merrimac Savings Bank
Monson Savings Bank
Natick Five Cents Savings Bank
Newburyport Five Cents Savings
.
1,367 59
.
801 92
426 85
1,069 07
Bank
1,465 42
North Adams Savings Bank
North Middlesex Savings Bank, Ayer
Orange Savings Bank
Palmer Savings Bank
People's Savings Bank, Brockton
Plymouth Five Cents Savings Bank
Provident Institution for Savings
.
.
945 96
Boston
Brookline Savings Bank
Cambridge Trust Company
Cambridgeport Savings Bank
Cape Ann Savings Bank, Gloucester
Charlestown Trust Company
Chicopee Savings Bank
Chicopee Falls Savings Bank
City Savings Bank of Pittsfield
County Savings Bank, Chelsea
Crocker Institution for Savings, Tur-
Deposited
Maiden Savings Bank
1,439 71
403 00
1,144 19
209 09
1,495 38
1,434 16
1,431 23
2,029 68
124 23
13
1,491
1,414
1,228
1,008
1,524
1,344
72
32
48
69
35
952 23
2,110 14
206 80
208 32
896 10
1,167 43
1,164 53
Amesbury
....
Quincy Trust Company
Rockland Savings Bank
Salem Five Cents Savings Bank
Seamen's Savings Bank, Provincetown
Shelburne Falls Savings Bank
Somerville Institution for Savings
Somerville Savings Bank
Southbridge Savings Bank
South Weymouth Savings Bank
Stoneham Five Cents Savings Bank
Suffolk Savings Bank for Seamen and
Others, Boston
Taunton Savings Bank
Union Institution for Savings, Boston
Wakefield Savings Bank
.
.
.
.
Waltham Trust Company
Ware Savings Bank
.
Warren Five Cents Savings Bank
Peabody
Washington Savings Institution,
Lowell
Webster Five Cents Savings Bank
Weymouth Savings Bank
Weymouth Trust Company
Whitman Savings Bank
Woburn Five Cents Savings Bank
Worcester Mechanics Savings Bank
Woronoco Savings Bank, Westfield
649
768
401
931
10
15
03
77
2,777 06
839 70
1,446
1,040
1,489
1,599
20
95
S7
62
206 Si)
722 r>i
300 00
400 00
200 00
1,493 71
868 48
415
209
200
203
14
80
75
00
1,125 00
1,281 22
205 00
1,357 68
577 04
1,164 67
1,658 82
2,937 17
207
.If)
1,928 21
1,603 A3
$133,321 95
270
P.D.
8,
Part
I.
GENERAL INDEX
......
......
.......
PAGE
Co-operative Hanks, Recommendations
itive Banks, General Remarks
Credit Unions, General Remarks
Genera] Insurance Guaranty Fund, Abstract of Annual Report
Life Insurance Departments, Abstracts of Annual Reports
Life Insurance Departments, Alphabetically by Corporate Name
Massachusetts Hospital Life Insurance Company, Abstract of Annual Report
Other than Banks, General Remarks
Savings Banks, Abstracts of Annual Reports
Savings Banks, Alphabetically by Corporate Name
Savings Banks, General Remarks
Savings Banks, Legislation
Savings Banks, Recommendations
Savings Banks, Tables of Statistics
Trust Companies, General Remarks
iv
iii
iii
269
262
272
.
.
261
iii
.
1
270
ii
v
.
&JL,
ii-j
INDEX TO THE ANNUAL REPORTS
[Alphabetically by
Name]
SAVINGS BANKS
NAME
LOCATION
Abington
Abington Savings Bank
Amherst Savings Bank
Andover Savings Bank
Arlington Five Cents Savings Bank
Assabet Institution for Savings
Athol Savings Bank
Attleborough Savings Bank
Barre Savings Bank
Bass River Savings Bank
Bay State Savings Bank
Belmont Savings Bank
Benjamin Franklin Savings Bank
Berkshire County Savings Bank
Beverly Savings Bank
Blackstone Savings Bank
Boston Five Cents Savings Bank
Boston Penny Savings Bank
Braintree Savings Bank
Bridgewater Savings Bank
Brighton Five Cents Savings Bank
Bristol County Savings Bank
Broadway Savings Bank
Brockton Savings Bank
Brookline Savings Bank
Cambridge Savings Bank
Cambridgeport Savings Bank
Canton Institution for Savings
Cape Ann Savings Bank
Cape Cod Five Cents Savings Bank
Central Savings Bank
Charlestown Five Cents Savings Bank
Chelsea Savings Bank
Chicopee Savings Bank
Chicopee Falls Savings Bank
Citizens' Savings Bank
City Savings Bank of Pittsfield
City Five Cents Savings Bank
City Institution for Savyigs
Clinton Savings Bank
Cohasset Savings Bank
Columbus Savings Bank
Commonwealth Savings Bank
Conway Savings Bank
County Savings Bank
.
Amherst
Andover
Arlington
Maynard
Athol
Barre
Yarmouth
.
Worcester
.
14
Franklin
94
192
Pittsfield
Beverly
Boston
.
Boston
Boston
.
.
Braintree
Bridgewater
Boston
.
.
.
Brookline
.
.
.
.
.
152
184
13
259
253
Belmont
Taunton
Lawrence
.
1
5
6
8
9
North Attleborougl
.
.
PAGE
Brockton
Cambridge
Cambridge
Canton
15
16
18.
19
49
51
20
221
121
52
55
56
58
.
Gloucester
Harwich
Lowell
Boston
.
.
Chelsea
Chicopee
Chicopee
Fall River
Pittsfield
Haverhill
Lowell
Clinton
.
Cohasset
Boston
.
Lynn
Conway
Chelsea
104
131
22
63
193
105
133
69
70
23
142
73
65
.
P.D.
8,
271
Part I.
NAME
Crocker Institution
LOCATION
for
Turner's Falls
Savings
Danvers Savings Bank
Dedham
Danvers
Dedham
Institution for Savings
Dorchester Savings Bank
East Boston Savings Bank
East Bridgewater Savings Bank
East Cambridge Savings Bank
Easthampton Savings Bank
East Weymouth Savings Bank
Eliot Savings Bank
Essex Savings Bank
Everett Savings Bank
Fairhaven Institution for Savings
Fall River Savings Bank
Fall River Five Cents Savings Bank
Farmers' and Mechanics' Savings Bank
Fitchburg Savings Bank
Florence Savings Bank
Foxborough Savings Bank
Franklin Savings Bank of the City of Boston
Franklin Savings Institution
Gardner Savings Bank
-Georgetown Savings Bank
Grafton Savings Bank
Granite Savings Bank
Great Barrington Savings Bank
Greenfield Savings Bank
Grove Hall Savings Bank
Hampden Savings Bank
Haverhill Savings Bank
Haydenville Savings Bank
Hibernia Savings Bank
Hingham Institution for Savings
Holliston Savings Bank
Holyoke Savings Bank
Home Savings Bank
Hoosac Savings Bank
Hopkinton Savings Bank
Hudson Savings Bank
Hyde Park Savings Bank
Institution for Savings in Xevvburyport and its V
Institution for Savings in Roxbury and its Vicinity
Ipswich Savings Bank
Lawrence Savings Bank
-avings Bank
Leicester Savings Bank
Lenox Savings Bank
Leominster Savings Bank
Lexington Savings Bank
Lincoln Savings Bank
Lowell Five Cent Savings Bank
Lowell Institution for Savings
Ludlow Savings Bank
Lynn Five Cents Savings Bank
Lynn Institution for Savings
Maiden Savings Bank
Marblehead Savings Bank
Marlborough Savings Bank
Marshfield Savings Bank
Mechanics' Savings Bank
Mechanics' Savings Bank
Mechanics' Savings Bank
Medford Savings Bank
Medway Savings Bank
Melrose Savings Bank
Merrimac Savings Bank
Merrimack River Savings Bank.
Middleborough Savings Bank
Middlesex Institution for Savings
Milford Savings Bank
Millbury Savings Bank
.Milton Savings Bank
Monson Savings Bank
Nantucket Institution for Savings
Natick Five Cents Savings Bank
New Bedford Five Cents Savings Bank
New Bedford Institution for Savings
.Newburyport Five Cents Savings Bank
Newton Savings Bank
Newton Centre Savings Bank
Nonotuck Savings Bank
North Adams Savings Bank
Northampton Institution for Savings
North Avenue Savings Bank
North Brookfield Savings Bank
North Easton Savings Bank
North End Savings Bank
North Middlesex Savings Bank
.
.
.
.
Boston
Boston
East Bridgewater
.
.
Cambridge
Easthampton
Weymouth
Boston
Lawrence
.
Everett
Fairhaven
Fall River
Fall River
Framingham
Fitchburg
Northampton
Foxborough
Boston
.
Greenfield
Gardner
Georgetown
Grafton
Rockport
Great Barrington
.
Greenfield
.
Springfield
.
.
.
.
.
.
.
Boston
.
Haverhill
Haydenville
Boston
.
Hingham
Holliston
Holyoke
Boston
North Adams.
Hopkinton
.
Hudson
Boston
.
Newburyport
Boston
Ipswich
Lawrence
Lee
.
Leicester
Lenox
.
Leominster
Lexington
Boston
Lowell
Lowell
.
.
.
Ludlow
Lynn
Lynn
Maiden
Marblehead
Marlborough
Marshfield
Holyoke
Lowell
.
Reading
Medford
Medway
Melrose
Merrimac
Lowell
.
Middleborough
Concord
Milford
Millbury
Milton
.
Monson
Nantucket
Natick
New Bedford
New Bedford
Newburyport
.
Newton
Newton
Northampton.
North Adams
•
Northampton
Cambridge
North Brookfield
Easton
Boston
Aver
.
272
P.D.
LOCATION,
Orange Savings Bank
Palmer Savings Bank
Orange
Palmer
Pentufkct Savings Bank
People's Savings Bank
People's Savings Bank
People's Savings Bank
Plymouth Savings Bank
Plymouth Five Cents Savings Bank
Provident Institution for Savings in the Towns of Sal sbury
and Amesbury
Provident Institution for Savings in the Town of Boston, The
Quiney Savings Bank
Randolph Savings Bank
Revere Savings Bank
Rockland Savings Bank
Salem Savings Bank
Salem Five Cents Savings Bank
Seamen's Savings Bank
Shelburne Falls Savings Bank
Somerville Savings Bank
Somerville Institution for Savings
South Adams Savings Bank
South Boston Savings Bank
Southbridge Savings Bank
South Scituate Savings Bank
South Weymouth Savings Bank
Spencer Savings Bank
Springfield Five Cents Savings Bank
Springfield Institution for Savings
Stoneham Five Cents Savings Bank
Suffolk Savings Bank for Seamen and Others
Sumner Savings Bank
Taunton Savings Bank
Templeton Savings Bank
Union Savings Bank
Union Institution for Savings in the City of Boston
Uxbridge Savings Bank
Wakefield Savings Bank
Waltham Savings Bank
Ware Savings Bank
Wareham Savings Bank
Warren Savings Bank
Warren Five Cents Savings Bank
Warren Institution for Savings
Washington Savings Institution.
Watertown Savings Bank
Webster Five Cents Savings Bank
Wellfleet Savings Bank
Westborough Savings Bank
Westfield Savings Bank
West Newton Savings Bank
Weymouth Savings Bank
Whitinsville Savings Bank
Whitman Savings Bank
Wildey Savings Bank
Williamstown Savings Bank
Winchendon Savings Bank
Winchester Savings Bank
Winthrop Savings Bank
Woburn Five Cents Savings Bank
Worcester County Institution for Savings
Worcester Five Cents Savings Bank
Worcester Mechanics' Savings Bank, The
Worcester North Savings Institution
Woronoco Savings Bank
.
.
.
.
.
.
.
Haverhill
Brockton
Holyoke
Worcester
Plymouth
Plymouth
Amesbury
Boston
Quiney
.
.
Randolph
Revere
Rockland
Salem
Salem
Provincetown
.
.
.
Shelburne Falls
Somerville
Somerville
Adams
.
Boston
Southbridge
Norwell
Weymouth
Spencer
Springfield
Springfield
Stoneham
Boston
Boston
.
Taunton
Baldwinsville
(
Fall River
Boston
Uxbridge
.
Wakefield
.
Waltham
Ware
Wareham
.
.
.
.
.
.
Massachusetts Hospital Life Insurance
Company
LIFE INSURANCE
Berkshire County Savings Bank
City Savings Bank of Pittsfield
Lynn Five Cents Savings Bank
Lynn Institution for Savings
North Adams Savings Bank
People's Savings Bank
Whitman Savings Bank
General Insurance Guaranty Fund
Warren
Peabody
Boston
Lowell
Watertown
Webster
Wellfleet
Westborough
Westfield
Newton
Weymouth
Whitinsville
Whitman
Boston
Williamstown.
.
Winchendon
Winchester
Winthrop
Woburn
Worcester
Worcester
Worcester
Fitchburg
Westfield
Boston
DEPARTMENTS
Pittsfield
Pittsfield
Lynn
Lynn
North Adams
Brockton
Whitman
Boston
.
8,
Part
I.
[OUSE
No. 1060
Cfje Commontoealtf) of Massachusetts
ABSTRACT OF THE ANNUAL REPORT
COMMISSIONER OF BANKS
January, 1925
BOSTON
WRIGHT & POTTER PRINTING CO., LEGISLATIVE PRINTERS
32 DERNE STREET
1925
}
Cfte Commontoealtl) of 9@a00acftu0ett0
Office of the Commissioner of Banks,
State House, Boston, January 21, 1925.
To
the
Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled.
The abstract of the annual report of the Commissioner of Banks, required by
General Laws, chapter 167, section 9, is respectfully submitted herewith. The
complete report covering the work of this department and containing statements
of the institutions under its supervision and other statistical information will be
submitted as heretofore at a later date.
Consolidated Statement of All Institutions under Supervision of the Commissioner of
Banks, October 31, 1924
[ncrease for Year.
Assets.
Percentage of
Increase.
....
196 Savings banks
95 Trust companies:
95 Commercial departments
76 Savings departments
49 Trust departments
217 Co-operative banks
3 Savings and loan associations
Massachusetts Hospital Life Insurance Company
1 Foreign banking corporation, branch office
89 Credit unions
41 Persons, partnerships or corporations receiving
deposits for safe-keeping or transmission
1 State bank
$1,667,602,234 65
643
157 National banks
$3,205,875,577 45
1,294,213,000 00
.
.....
......
.
641,406,442
160,141,155
375,950 705
311,962,791
3,189,969
32,183,806
2,383,222
7,460,810
99
70
49
45
72
12
25
2,687,581 43
$97,613,420 82
6.22
40
75
54
9.80
12.37
10.57
17.83
8.55
57,271, 504
17,627, 452
35,948, 883
47,207, 159
251, 306
602, 312
743, 848
1,163, 568
21
2
906,857 44
3
64
38
51
1.91
48
77
45.37
18.48
137,547 40
90,605 09
5.39
11.10
$258,657,609 78
71,846,000 00
8.82
5.88
1
Figures of trust companies and national banks as of October 10, 1924; co-operative banks as of the
close of their October business.
2 Assets of those receiving deposits for safe-keeping are shown herewith
in so far as they are within the
provisions of General Laws, chapter 169.
3
Does not include trust department assets the figures for which are not returned to the Comptroller
of the Currency.
Savings Banks.
Savings bank assets show an increase of 6 per cent during the year. The decrease from 9 per cent reported during 1923 was due undoubtedly to employment
conditions.
Dividends distributed during the year to the 2,785,000 depositors
totaled S65,000,000, while at the same time the banks increased their surplus
Regarding the transmission of
$7,865,000, as further protection against losses.
funds abroad, reports show that for the first full year of this additional service to
the public $636,408.77 was received for this purpose by forty-six savings banks
representing 4,837 transactions.
Through the school savings systems the savings
banks are undoubtedly building for themselves through the teaching of thrift a
future which will be of lasting benefit to our commonwealth.
Figures for the year
show an increasing
interest in this feature.
Trust Companies.
It is particularly gratifying to report a substantial increase in the assets of all
departments of trust companies, $110,847,840, or 10 per cent. As commented upon
in our last annual report, there were two ways in which it appeared that trust
companies were handicapped in their competition with national banks: taxation
HOUSE — No.
4
1060.
[Jan.
and the segregation
of savings deposits.
The taxation of trust companies was
put on an equal plane with that of national banks during 1924 and is having further
consideration by a special committee appointed by the Governor; in regard to the
segregation of savings deposits, I can only repeat that I believe the wisdom of such
a course will be more apparent as time goes on.
During the }<ear the plan of having that portion of this department which is
engaged in the supervision of trust companies become self-supporting was put into
effect and the cost of maintaining this department this year will be decreased by
approximately $60,000.
The results of the investigation regarding the rule promulgated by the Boston
Clearing House, whereby a service charge is made on small checking accounts in
trust companies and national banks, will be found in a special report to the General
Court.
Co-operative Banks.
Co-operative banks have maintained and surpassed the rate of increase in assets
which has been shown for several years previous. There are now 217 of these
banks with total assets of approximately $312,000,000, an increase of approximately
18 per cent for the year. Each succeeding 3 ear has shown a larger increase than
the preceding one, which fact reflects the constantly growing popularity of these
banks and their record of stability and service which make them an essential part
of the banking system of our commonwealth.
The demand for mortgage funds throughout the state continues in excess of the
funds available. This fact is doubly interesting in view of the limit of $8,000 placed
on each loan.
r
Credit Unions.
The number
commonwealth has not increased during
1924. Although three new ones commenced business, these were offset by four
ceasing business and liquidating their affairs. Aggregate assets, however, have
shown an excellent growth, the increase amounting to approximately $1,163,000
or 18£ per cent.
In my opinion, there is a need for institutions of this character,
organized as they are for the mutual interests of their members whose needs cannot be served by the larger financial institutions. The legislature at its last session
provided for a committee to study the laws regulating credit unions and it is hoped
that the recommendations of this committee, if adopted, will solve manjr problems
now surrounding their operation and supervision.
of credit unions in the
Private Bankers.
With
reference to those persons licensed by this department to engage in the
business of receiving deposits of monej'' for safekeeping or for the purpose of transmitting the same to foreign countries, I am glad to report that by reason of favorable action on the referendum at the state election in November, 1924, chapter 473
of the acts of 1923 is now operative.
Under this law larger bonds for the protection of those of our citizens who deposit money with them for safekeeping or
transmission abroad are now being required.
j
Legislation Recommended.
The
provision in the present statute whereby officers of savings banks are required to furnish a new fidelity bond at least once in five years is undoubtedly a
survival of the days when personal sureties were acceptable on such bonds. It is
a requirement which at the present time not only appears unnecessary but the
added expense caused by this provision seems unwarranted, as any advantage which
might be gained by it is uncertain. Only such surety companies as are eligible to
do business in this commonwealth are accepted as surety on such bonds, and the
protection afforded by a continuous bond will, in the opinion of this department,
meet the requirements of the situation. Therefore, it is recommended that this
provision of the statutes be eliminated.
The rapid growth of co-operative banks renders it desirable for certain of the
This
larger ones to obtain the coverage afforded by the bankers blanket bond.
i
HOUSE — No.
1925.
1060.
of bond is now used by a great many savings banks and trust companies.
This recommendation that the benefits of such bonds be made available to cooperative banks, while granting the additional privilege obtained by the protection
afforded by them, does not in any way lower the standard of protection now required and will make no change in cases where this form of bond is not desired.
The present law which requires that unclaimed funds of banks in the possession
of the commissioner shall be deposited in his name and held indefinitely, should be
amended to provide that after such funds have been held by him for twelve months
after the payment of the final dividend, they shall be paid to the treasurer and
receiver-general to be held in trust for the persons entitled to receive them.
Bills covering the above recommendations have been filed for consideration.
I take pleasure in presenting herewith certain statistics concerning the various
institutions under the supervision of this department which indicate their healthy
condition; also, information showing the progress made in the liquidation of those
institutions in the possession of the commissioner.
form
Respectfully submitted,
JOSEPH
C.
ALLEN,
Commissioner of Banks.
SAVINGS BANKS.
Comparative Statement
— 196
Banks.
October 3]
.......
,
1923.
October SI, 1924.
Assets.
....
.....
....
Public funds, bonds & notes
Railroad bonds & notes
Street railway bonds
Boston Terminal Co. bonds
....
....
....
....
....
....
.....
....
.....
Telephone company bonds
Gas, electric & water co. bonds
Federal land bank bonds
Stock of banks & trust cos.
Securities acquired in settlement of indebtedness
Loans on real estate (net)
Loans on personal security
Bankers acceptances
.
Bank
building
Furniture
&
&
fixtures
fixtures
Real estate by foreclosure
Taxes & insurance paid
Suspense account
Deposits in trust companies
Cash & cash items
Other assets
......
.....
......
&
national banks
§314,517,777
206,990,284
32,120,891
8,916,641
22,037,724
13,604,574
419,337
15,697,987
567,817
761,130,195
156,122,260
74,358
12,636,098
81.83S
299,542
36,623
80
88
29
34
77
49
50
59
87
34
41
23
79
54
14
96
21,874,134 67
2,787,567 08
61,157 14
.
..........
....
$307,236,847
215,706,678
34,307,316
9,274,126
23,053,312
15,674,219
489,462
16,046,633
544,707
851,770,390
147,791,842
13,437,915
201,384
204,878
36,993
15,137
28,879,892
2,902,919
24,516
65
36
84
35
98
29
50
29
06
88
47
—
28
04
36
71
84
19
02
54
SI, 569,988,813
83
$1,667,602,234 65
$1,433,756,309
5,548,037
68,008,083
47,622,854
13,502,802
1,399,689
21
$1,520,104,964
7,214,982
72,489,967
50,645,251
14,693.367
1,259,341
1,106,831
Liabilities.
Deposits
Christmas
&
other club deposits
Guaranty fund
frofit
&
loss
Net current income
Unearned discount
........
......
.........
.....
.......
.........
of depositors
Average amount of each account
Dividends paid
Average rate of dividend (per cent)
New
real estate loans
of same
Amount
28
92
98
_
Reserved for dividends
Bills payable
Other liabilities
Number
12
18
made
Not reported separately on
i
55
68
40
98
99
51
61
50,000 0(
101,037 14
87,526 93
$1,569,988,813 83
SI, 667, 602, 234 65
2,745,743
8522 17
$59,960,727 66
4 57
28,244
$175,274,533 71
2,785,572
$545 71
$64,923,993 34
4 58
28,375
$179,576,912 41
this date.
HOUSE — No.
Branch
1000.
[Jan.
Offices authorized.
Bank.
Branch Location.
Fitchburg Savings Bank
Lynn Five Cents Savings Bank
Medford Savings Bank
New Bedford Institution for Savings
Fairmount
Street,
"Cleghorn"
district.
Humphrey Street near Monument Square, Swampscott.
442 Salem Street, Medford.
1601 Acushnet Avenue, New Bedford; 8 West French
Avenue, New Bedford.
Town of Orleans
.
Cape Cod Five Cents Savings Bank
Banks authorized
to maintain Depots for the Collection of Deposits in Mercantile
Establishments and Industrial Plants for the Benefit of Employees.
County Savings Bank, Chelsea.
Home
Lynn
Savings Bank, Boston.
Institution for Savings, Lynn.
Worcester Mechanics Savings Bank, Worcester.
Legislation enacted 1924.
Chap. 67 (amending G. L., chap. 168, sec. 31) Increasing the maximum amount of
deposits which may be received by savings banks.
Chap. 68 (amending G. L., chap. 168, sec. 54, cl. ninth, subdiv. (e) par. (3) Permitting loans secured by pass books to be made for the full amount of the
deposits
shown
therein.
Chap. 255 (amending G.
payment
L.,
chap. 167, sec. 17) Clarifying former act relative to
of dividends.
........
Dividends in Liquidation held by the Commissioner remaining unpaid.
Lafayette Savings Bank, in liquidation
$86 76
TRUST COMPANIES.
Comoarative figures relating to
October 10, 1924:
all
trust
companies on September
1923
Number of trust companies
Members of Federal Reserve System
14, 1923,
and
1924
95
25
95
25
$35,150,000
47,568,727
474,597,699
15,753,705
584,134,938
$35,100,000
48,907,952
545,257,799
2,222,700
641,406,442
1,861,241
139,010,033
142,513,703
340,001,822
1,066,650,463
2,807,019
155,159,819
160,141,156
375,950,705
1,177,498,303
Commercial departments:
Capital stock
Surplus & undivided profits
Deposits
Bills payable & rediscounts
Total assets
Savings departments:
....
....
Guaranty fund
&
profit
&
loss
Deposits
Total assets
Trust departments, total assets
Total resources in all departments
.
HOUSE — No.
1925.1
Conversion
to
1060.
National Bank.
Dec. 31, 1923, Atlas Trust Company, Springfield, as Atlas National Bank of
Capital $300,000. Total resources, commercial
Springfield.
department $1,510,812; savings department $883,037. (Figures
as of Sep. 15, 1923.)
Later consolidated with the Chapin National Bank, Springfield.
Approvals granted for Increase in Capital Stock.
Nov.
8, 1923,
Trust Company (now Bank of Commerce and Trust Company)
Boston. Increase approved, $100,000. Present amount of capital
Hub
$600,000.
Legislation enacted 1924.
I
Chap. 68 (amending G.
chap. 168, sec. 54, cl. ninth, subdiv. (e) par. (3) Providing that loans by savings banks and savings departments of trust companies, secured by deposit books of depositors in savings banks, may be for
the full amount of the deposits shown therein.
Chap. 78 (amending G. L., chap. 120, sec. 23) Authorizing the deposit in savings
departments of trust companies of earnings of paroled children in charge of
(Deposits heretofore
the trustees of the Massachusetts Training Schools.
limited to savings banks.)
Chap. 162 (amending G. L., chap. 172, sec. 26) Relative to reports of condition
of trust companies, removing the requirement that copies of all statements
called for be printed in the annual report.
Chap. 182 (amending G. L., chap. 63, sec. 14) Relative to mortgage deductions in
connection with the taxation of savings departments of trust companies,
seeking to clarify former amendments.
Chap. 247 (amending G. L., chap. 63 by adding new section 58A) Placing upon an
equal basis the taxation of trust companies and of national banks.
iChap. 255 (amending G. L., chap. 167, sec. 17) Clarifying the former law relative
to the computation of dividends on deposits in savings banks or in savings
departments of trust companies.
L.,
Special Acts authorizing Certain Trust
Chap. 48
Chap. 385
Chap. 421
Companies
to
hold Additional Real Estate.
Wakefield Trust Company, Wakefield.
Guaranty Trust Company, Cambridge.
New England Trust Company, Boston.
house — No.
ioeo.
[Jan.
CO-OPERATIVE BANKS.
Comparative Statement.
October, 1923.
Number
of
banks
.........
.........
October, 1924.
211
217
Assets.
Bonds
Loans
Loans
Loans
Loans
&
notes
on real estate
on shares
on matured share certfs.
on paid-up share certfs.
Common form mortgages
Real estate by foreclosure, etc.
Banking house
.
Unpaid interest
Unpaid premiums
Unpaid fines
Permanent expense
Temporary expense
.
.
Insurance & taxes paid
Personal accounts
Cash
Other assets
..........
SI ,222,570 52
248,864,747
6,498,179
193,000
66,455
83,166
45,182
802,155
207,631
614
12,577
101,470
118,130
11,609
6,058
6,516,229
5,853
06
31
00
00
89
93
15
46
69
52
16
01
38
71
16
90
$559,303
293,344,999
7,157,473
305,543
119,160
75,661
82,354
1,193,080
234,930
18
30
00
00
00
86
35
66
67
377 13
26
11,919
116,316
142,432
12,790
5,857
8,551,644
48,947
17
46
75
54
72
44
§264,755,631 85
$311,962,791 49
$172,914,135
33,560,142
31,415,800
13,351,000
91,488
475,122
4,309,286
2,998,611
$193,803,117
37,868,534
46,199,000
18,110,600
105,188
628,244
5,052,301
3,530,754
Liabilities.
Dues capital
Profits capital
.
Matured share certfs.
Paid up share certfs.
Forfeited share account
Matured share account
Guaranty fund
Surplus
Gross undivided earnings
Bills payable
Due on uncompleted loans
Dividends on matured share certfs.
Dividends on paid up share certfs.
Security committee
Personal accounts
1,597,484
1,389,200
2,352,347
184,467
68,303
7,099
9,481
31,660
.
.
Other
liabilities
........
Number
Number
of members
of shares in force
of matured share certfs.
of paid up share certfs.
Number of real estate loans
Number of borrowers on real estate loans
Holders
Holders
Co-operative
Nov.
Nov.
1923
26, 1923
Jan. 10, 1924
Apr.
1, 1924
Jun. 10, 1924
Aug. 11, 1924
2,
0C
56
00
00
60
65
91
95
46
00
69
70
44
08
03
78
of
21
12
74
1,942,139 72
1,818,500 00
2,441,913 56
266,296 27
92,032 51
10,784 69
7,325 57
86.058 65
$311,962,791 49
357,117
3,990,288
27,493
13,113
92,485
89,435
4,461,029
38,758
16,895
101,324
97,536
Banks which have commenced Business during
""
78
$264,755,631 85
382,268
the Year.
Chicopee Falls Co-operative Bank, Chicopee.
Ausonia Co-operative Bank, Boston.
Chester Co-operative Bank, Chester.
Shawsheen Co-operative Bank, Andover.
West Medford Co-operative Bank, Medford.
Congress Co-operative Bank, Boston.
Additional Locations authorized during the Year for the Collection of
Provisions of G. L., Chap. 170, Sec. 11.
Number
Number
00
67
00
00
banks
of locations approved
number of banks having
Total
Total number of branches
Money under
21
branches
30
103
184
HOUSE — No.
1925.
Permits issued
Number
to
borrow
Money under
issued, 193, to 87 banks.
1060.
Provisions of G. L., Chap. 170, Sec. 16.
Total amount authorized $5, 198,000.
Legislation enacted, 1924.
chap. 170, sec. 12) Clarifying the statute limiting
the issue of shares; also, (amending G. L., chap. 170 by adding new section
15A) Relative to the number of shares which may be issued and held in
joint accounts.
Chap. 223 (amending G.
L.,
—
CREDIT UNIONS.
Comparative Statement.
Oct. 31, 1923.
Number
of credit unions
Oct. 31, 1924.
90
.
.....
......
.....
......
......
....
....
.....
.....
.....
....
.....
Assets.
Furniture & fixtures
Deposits in savings institutions
Due from other banks
.
Cash
90
78
$939,530
4,766,496
17,834
4
@FedFRASER