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Public
Document
No, 8
5ty? (Eflmmnmwaittj
of Mu&mti\mtttB
ANNUAL REPORT
OF THE
Commissioner of Banks
FOR THE
Year ending October
PART
31,
1927
III
RELATING TO
CO-OPERATIVE BANKS AND SAVINGS AND
LOAN ASSOCIATIONS
Department of Banking and Insurance
Publication of this Document approved by the Commission on Administration and Finance
ll-'27
Order 574
}
hA -^
<
®{jr Cnmmnnxu^altlf
nf iJlasMrfjuartte
Office of the Commissioner of Banks,
State House, Boston, January 18, 1928.
To
the
Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General Court assembled:
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 Resources of All Institutions under Supervision of the
Commissioner of Banks, October 81, 1927.
Percentage of
Increase
Increase for Year.
Assets.
1927
....
196 Savings banks
93 Trust companies:
93 Commercial departments
82 Savings departments
53 Trust departments
221 Co-operative banks
3 Savings and loan associations
Mass. Hospital Life Insurance
pany
1
.....
.....
....
$2,021,696,769 64
709,763,622
222,170,560
502,834,395
478,005,147
3,856,728
82
54
34
49
$142,363,784 62
7.58
5.79
56
10
2.61
14.17
7.87
12.34
4.93
7.71
12.43
15.23
5.63
18,045,799
27,567,021
36,669,670
52,493,828
181,056
11
1926
93
81
41
.92
Com36,086,212 41
817,893 68
2,319,508 10
12,553,359 96
22,846 06
3,061,214 64
3.25
2.32
Foreign banking corporation, branch
office
275 Credit Unions
28 Persons, partnerships or corporations
receiving deposits for safekeeping
and transmission
818
153 National banks
4
.
32.25
12.98
9.49
647,127 58
22.51
32.59
$3,992,808,475 67
$281,824,551 27
7.59
10.32
$1,540,297,000 00
$75,102,000 00
5.13
9.34
3,522,171 26
3
1 Figures
of trust companies and national banks as of October 10, 1927
close of their October business; credit unions as of June 30, 1927.
;
2
.98
2
co-operative banks as of the
2
Decrease.
8 Assets
of those receiving deposits for safekeeping are shown herewith in so far as they are within the
provisions of General Laws, Chapter 169.
4
Not under supervision of State Banking Department. Figures included to show total banking assets
of the commonwealth.
The foregoing schedule shows that satisfactory progress has been made during
the year under review by all types of institutions under the supervision of this
department. Supplementing this schedule the salient features of this progress
are herewith presented.
Savings Banks
As a result of the action of the legislature of 1926 in raising to $4,000 the individual deposit limit in savings banks there has occurred during 1927 an increase
of $142,000,000 in the assets of such banks, the largest increase in any single year
in their history.
The surplus accounts (guaranty fund and profit and loss) have
increased more than $8,000,000, thus keeping pace with the growth of deposits.
Attributable also to this legislative action is the growth in the average savings
account from $594.96 to $631.53, the largest recorded in any one year.
There was distributed in dividends nearly $80,000,000 at an average of 4.70%,
1
P.D.
ii
8,
Part III
an increase of .06% over the previous year. This has been accomplished in spittf
of a lessened demand for mortgage loans, and a slight shrinkage in the yield or!
bonds.
That advantage has been taken of the broadening of the field of investment
by the admission of certain public utility bonds is further indicated by the increase
of $68,000,000 in the funds invested in this class of securities.
The statutes permiif
I
the purchase of public utility bonds (exclusive of Massachusetts companies) to thd
amount of 15% of the total deposits. To October 31, 1927, 5.7% was so invested!}
The expansion of investments in these securities has had already the effect oil
increasing the liquidity of savings bank assets, an important factor in view oil
rapidly increasing liabilities.
In spite of unfavorable economic conditions which have prevailed in some localities our savings banks probably have never been in a better financial condition.
Trust Companies
The outstanding development of the year 1927 among trust companies is anjj
unusually large increase in the capital stock authorized. Including new trust,
companies incorporated this increase totals $8,400,000
Of this amount $3,050,000
is represented by stock dividends made possible by legislation which became
This expansion of capital is evidence not only that our
effective in July, 1926.
trust companies are making progress but also that they are pursuing the sound
policy of maintaining a proper proportion between aggregate liabilities and the!
Increased capital means increased earnings and more important'
capital accounts.
J
added protection to
deposits.
The
recent incorporation of trust companies by interests connected with two of
the oldest investment banking houses in Boston, namely, Kidder Peabody &|
Company and Lee, Higginson & Company, is significant. It may fairly be as-!
sumed that the incorporators recognize that many of the commercial banking
undertakings of the private concerns, as well as their varied transactions of al
fiduciary nature, may be more properly and efficiently performed under corporate
management. Both the Peabody Trust Company and the Lee, Higginson Trust
Company are capitalized at $500,000.
I
Co-operative Banks
Co-operative banks closed their year with an increase in assets of more than
$52,600,000 and in members of 30,728.
This substantial growth has been made in spite of a slowly decreasing demand
for co-operative bank mortgage loans.
This lessened demand has been reflected
in a decline of approximately four million dollars in permits to borrow issued to
banks by this department during 1927; in a complete or partial cessation by many
banks of the sale of paid-up and prior series shares, and in steadily increasing
amounts of cash on hand.
Additions to guaranty fund and surplus accounts aggregate $2,043,094 making
a total in these two accounts of $14,105,640, or 2.95% of their total liabilities.
Credit Unions
The credit union movement in this Commonwealth is still expanding. On
December 31, 1927, there were 279 such institutions. Because of the rapid increase in the number of these associations during the past eighteen months and
because in many cases the officers and directors lack knowledge of and experience
in finance and accountancy, the supervision of credit unions has been attended
It is gratifying to report, however, that this department
with some difficulty.
has had quite general co-operation from the officers and directors, and examinations
show that under competent management these associations may be successful and
an instrument for much good among their members.
Private Bankers
Individuals, partnerships and corporations licensed by this department to engage
in the business of receiving deposits of money for safekeeping and for the purpose of
transmitting the same to foreign countries now number 28, a decrease of three
I
j
j
:
P.D.
8,
:
Part III.
iii
during the past year. Restricted immigration and the stabilization of foreign
exchange is reflected in a continued decline in the amount of money transmitted
The recent adoption of a gold standard by Italy will have
to foreign countries.
little, if any, effect on this business, as that action has already been anticipated.
Christmas Clubs
Following the plan adopted last year, figures showing the amount saved through
the medium of Christmas Clubs and the number of members thereof were obtained,
the results of which are shown in the following table. This year, however, through
the co-operation of the national banks the figures include the amounts distributed
by those institutions, making the compilation more complete. For comparison
with last year the amounts distributed by savings banks and trust companies show
an increase of $999,358 in amount and 18,696 in membership.
The figures for December, 1927, which include 127 cities and towns, follow:
Members
........
87 National banks
122 Savings banks
62 Trust companies
.
.
.
.
.
.
.
.
.
271
Amount
Distributed
184,805
207,617
165,849
$9,903,846
10,256,964
8,688,886
558,271
$28,849,696
Dividends Paid
Dividends paid to depositors in savings banks, savings departments of trust
companies and to shareholders in co-operative banks during the past year, compared with those paid in the previous year, are as follows
Average Dividend (Per Cent)
•
.........
.........
.......
.......
Savings banks
Savings departments of trust companies
Co-operative banks:
Serial shares
Matured share certificates
Paid-up share certificates
.*
One bank paid an
.
.
...
1927
1926
4.70
4.24
4.64
4.34
5.65
5.31
5.02*
5.61
5:26
5.00
extra dividend of 3 per cent.
Unclaimed Dividends'
in Liquidation
Pursuant to the provisions of Chapter 240 of the Acts of 1925 all unclaimed
dividends in the hands of the Commissioner of Banks for the creditors of the following liquidated institutions were delivered to the State Treasurer, together with
schedules showing the names of the individuals to whom the money is due
February
May
May
9,
1927, L. D. Griswold Co., Bankers, Boston.
Freedman, Boston.
Jacob Friedstein, Boston.
24, 1927, Alter E.
24, 1927,
These funds will be held by the State Treasurer in trust for the various individuals
years from the date of receipt by him when the remaining balances, together
with the interest earned thereon, if any, will escheat to the commonwealth.
for six
RECOMMENDATIONS FOR LEGISLATURE
(As submitted in accordance with G. L., Chapter 30, section 33)
The annual list of securities legal for investment by savings banks and trust
companies in their savings departments is required by statute to be issued not
P.D.
iv
8,
Part III.
than February 1. It is not possible to obtain the figures of the preceding
year necessary for the issue of this list on that date. Since a corrected list is issued
to all the banks interested as of November 1 for their use in making annual reports,
it is recommended that the above date be changed to July 1, to allow for sufficient
time within which to obtain statements and figures as of the close of the previous
year from the various municipalities and public service corporations throughout
later
the country, necessary in the preparation of this
list.
II
Commonwealth are permitted by statute to
ordinary serial shares, paid-up share certificates and maIn the intent of the statute there is between these two
latter classes of shares a clear and distinct difference, but a practice prevalent
in many co-operative banks of selling shares in series maturing within a very few
months has practically eliminated essential differences between the matured
shares and the paid-up shares. The maximum rate of dividend payable on paid-up
shares is fixed by statute at 5 per cent. No legal maximum is set on the rate payable on matured shares, but the average rate paid thereon during 1926 was 5.26
per cent. The inequality in dividends paid on these very similar classes of shares
is, under the present methods employed, manifestly unfair, and in order to make
these maximum rates uniform and to aid in building up the guaranty fund and
surplus accounts to the level intended by the statutes (5*4 per cent of total liabilities), I recommend that the maximum rate of dividends on matured share cerStatutory provision has already been made for the
tificates be set at 5 per cent.
payment of extra dividends when the guaranty fund and surplus accounts exceed
in the aggregate 5}i per cent of the total liabilities of a co-operative bank, in which
all classes of shares must participate equally.
The
co-operative banks of this
issue, in addition to the
tured share certificates.
Ill
When
the statutes were amended to allow the sale of paid-up share certificates
it was deemed wise to limit the total amount which might be accepted by a bank
in this manner to not more than 10 per cent of its total assets.
This regulation is
nullified, however, and its circumvention is made easy by the sale, without any
such limitation, of shares in series about to mature, under the provision which
permits the sale of prior series shares. This limitation should be rendered effective, and rather than place a limit on the amount of matured share certificates
which a bank may issue it is suggested that the statutes permitting the sale of
prior series shares be further amended so as to restrict its application to such
series as have been originally issued not more than six years prior to the date of
sale.
Thus all matured share certificates thereafter issued will more nearly represent shares actually matured by the regular monthly payments, as originally intended by the statutes.
IV
Under the present law co-operative banks are required to file, on or before
November 30, annual reports as of the close of business on their October meeting
day for the receipt of moneys. Since these meeting days fall on various dates
during the month, the majority of them during the first half of the month, it will
be seen that some banks have as long as sixty days within which to file the report.
This has delayed the publication of the annual report of these institutions, and in
order that this condition may be corrected and the work of this department facilitated, the accompanying bill, carrying an amendment to provide that such reports
be filed in or within twenty days from the date of their October meeting day
submitted.
shall
is
V
Since 1902 a trust company in this Commonwealth has been allowed, under
General Laws and subject to the approval of the Board of Bank Incorporation, to
establish not more than one branch office within the town or city in which its main
office is located.
Branch offices are authorized and established for the convenience
and advantage of the public by providing new or additional banking facilities.
>
'
P.D.
8,
v
Part III.
Many
of our cities and towns have wide territorial limits, with more than one distinct business center, which have in recent years grown in population and commercial importance. These centers, although too small in themselves to support
a separate commercial bank, should very properly have the benefit of the facilities,
This condition exists also in many
if available, of an existing trust company.
communities adjoining banking towns and within their economic territory.
The proposed amendment to the General Laws, the adoption of which is recommended, will make possible, under proper authorization, the extension of the
This form of branch
facilities of established trust companies to such districts.
banking should not be confused with other systems in operation in some States and
The two cases are not alike, and to prevent any such interpretaforeign countries.
tion of the proposed
amendment herewith submitted a
further provision
is
inserted
whereby branch privileges will not be extended to trust companies which may
merge or consolidate, unless the main offices of both trust companies are located
Thus county- wide branch banking, a policy which this departin the same town.
ment does not favor, but which has been made possible to national banks by recent
federal legislation, would not be available to trust companies.
VI
has long been considered sound business judgment to elect to the board of
directors of a bank or trust company one or more investment bankers to whom the
members of the board naturally turn for information and advice in the selection of
securities in which the assets of the trust company may be invested, and from whose
Until recently this practice
firm such securities might occasionally be purchased.
has not been regarded as in any way contrary to the intent of General Laws, Chapter
Lately, however, this department has been advised that a strict
172, section 16.
construction of the provisions of that section prevents the purchase of securities
from a firm or corporation in which a director of the trust company is directly or
It
indirectly interested.
The advantages of the presence on the board of directors of some person experienced in the selection of investment securities are obvious and the objections thereto
To deprive trust companies of such expert assistance, properly
are negligible.
Therefore, an amendment to clarify the provisions
regulated, is unreasonable.
and to remove existing doubt as to the construction of section 16 is submitted.
Its operation will permit, by authority of the stockholders of the trust company,
the purchase and sale of securities from a firm or corporation in which an officer,
director, employee or attorney is interested.
Treasurer and Receiver-General
The cash and securities held by the Treasurer and Receiver-General were examined by this department as of August 27, 1927, at the request of the Finance
Committee
of the Executive Council, to
whom a report was rendered.
Respectfully submitted,
ROY
A. HOVEY,
Commissioner of Banks.
P.D.
VI
8,
Part
III.
CO-OPERATIVE BANKS
Organized and Commenced Business
Sept.
1,
1927.
Lower Mills Co-operative Bank, Boston.
Lower Mills District.)
(Dorchester,
Additional Locations Authorized during the Year for the Collection of
Provisions of G. L., Chap. 170,
Number
Number
...
of banks
of locations
Money under
sec. 11.
13
17
112
approved
banks having branches
Total number of
Total number of branches
Permits Issued
Number
to
240
Borrow Money under Provisions
issued, 182, to 98 banks.
of G. L., Chap. 170, sec. 16
Total amount authorized, $5,163,000.
STATEMENTS RELATING TO CO-OPERATIVE BANKS
INDEX
STATEMENT
NUMBER
all banks at close of October
of condition of all banks at close of June
loss statements, year ending October 31
Aggregate statement of condition of
.........
........
........
.........
.......
......
Comparative statement
Comparative profit and
bus ness
bus ness
Matured shares
Receipts and disbursements for the year ending October 31, 1927
Operating expenses
Statistics of business
Comparative exhibit of interest rates from 1917 to 1927 on outstand ng loans on October 31
of each year
9. Comparative exhibit of dividend rates from 1916 to 1927
10. Rates of interest on real estate and share loans October 31, 1927
11.
12.
13.
14.
15.
16.
Real estate by foreclosure
Real estate by foreclosure and common-form mortgages, 1890 to 1927
Classification of shareholders
Statement of shares matured since last report
Principal assets of banks from 1879 to 1927, inclusive
Principal liabilities of banks from 1879 to 1927, inclusive
vn
viii
viii
ix
ix
x
X
xi
xi
xii
xiii
xiv
xiv
XV
xxvi
xxviii
P.D.
Part
8,
vii
III.
STATEMENT
No.
1
Aggregate Statement of Condition of All Co-operative Banks
Percentage op Investments to
Total Assets. October 31
'.
Oct. 31, 1927,
Oct. 30, 1926,
221 Banks
220 Banks
ASSETS
1927
1926
1925
1924
1923
1922
.10
.18
.46
.74
94.37 94.03 94.00
2.15
2.29
2.45
92.96
2.61
Securities
$547,774 72
$174,168 98
.11
.04
447,671,719 31
8,901,592 43
401,967,887 60
8,548,671 25
93.61
1.86
94.46
2.01
869,219 00
681,055 00
.18
.16
.13
.10
.07
.07
173,880 00
181,780 69
174,360 00
64,560 34
.04
.04
.04
.02
.04
.02
.04
.02
.03
.03
.01
.05
1,158,870 37
1,696,710 68
340,681 60
1,564,024 31
.24
.36
.08
.37
.05
.37
.03
.38
.02
.30
.04
.29
355,871 67
577 89
20,466 01
314,343 55
445 83
16,187 99
—
—
—
-
-
-
-
—
.01
.01
.01
163,541 96
215,537 18
27,199 59
162,063 06
182,964 42
27,684 17
.03
.05
.01
.04
.04
.01
—
—
—
—
31,776 77
88,093 49
23,693 97
35,745 32
.01
.02
.01
.01
.01
.06
.01
.01
-
-
16,116,069 91
11,232,781 29
3.37
2.64
2.55
2.74
2.46
3.02
$478,220,684 67
$425,511,318 68
100
100
100
100
100
100
Bonds and notes
Loans
Loans on real estate
Loans on shares
Loans on matured share
.
certificates
Loans on paid-up share
certificates
Common form mortgages
Real Estate
Real estate by foreclosure, etc.
Bank
building
.
Arrearages
Unpaid interest
Unpaid premiums
Unpaid fines
.
.07
.07
.07
.08
.07
.09
Miscellaneous
Furniture and fixtures
Temporary expense
Personal accounts
Insurance and taxes
paid
.
Sundry
assets
.04
.04
.04
.05
.04
.05
.06
.04
.01
Cash
Cash and cash items
.
liabilities
October 31, 1927 October 30, 1926
.....
1927
Decrease
1927
Increase
Capital
Dues capital
Profits capital
$258,828,441
51,931,576
Matured shares represented by certificates 112,114,200
Paid-up shares represented by certificates
31,296,200
.
.
.....
......
......
......
.....
00
96
00
00
$237,164,920
47,014,909
91,190,400
27,435,000
00
70
00
00
$21,663,521
x.916,667
20,923,800
3,861,200
00
26
00
00
—
—
—
-
Surplus
Guaranty fund
Surplus
8,208,192 07
5,897,448 4l
7,033,707 13
5,028,838 92
1,174,484 94
2,909,750 71
16,778 57
79,397 11
220 15
32,008 81
2,626,318 00
14,865 12
64,592 43
219 27
32,667 08
283,432 71
49
69
78
89
25
93
81
00
88
118,050 57
804,696 53
11,940 32
14,227 35
*,454 83
514,290 91
129,640 57
3,330,944 29
2,937,600 00
39,035 66
4,048 92
537,649 16
594 46
1,840 54
3,793 33
104,580 34
22,171 36
$478,220,684 67
$425,511,318 68
$54,390,469 74
868,609 49
Undivided Earnings
Interest
Premiums
.
.
.
.
.
.
.
•
Fines
Transfer fees
Withdrawal
profits
1,913 45
14,804 68
88
-
Miscellaneous
Forfeited share account
Matured share account
Personal accounts
Security committee
Due on foreclosure sales
Dividends, matured share certificates
Dividends on paid-up shares
Due on uncompleted mortgage loans
....
....
Bills
payable
Sundry
.
.....
....
liabilities
122,099
1,342,345
12,534
16,067
8,248
618,871
151,811
3,096,998
1,491,100
46,392
16
—
-
7,357 22
-
—
—
$658 27
—
—
—
233,945 48
1,446,500 00
-
$1,681,103 75
—
P.D.
Vlll
STATEMENT
8,
Part
III.
No. 2
Comparative Statement of Condition of All (220) Co-operative
Banks at the Close of Their June Business
assets
June, 1927
.....
......
......
....
......
.....
........
......
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Bonds and notes
Common-form mortgages
328
206
988
307
331
916
863
1,686 399
153 641
16 343
18,148 487
33, 413
$429,376
8,552
765
166
538
91
902
Real estate by foreclosure, etc.
Banking house
Furniture and fixtures
Insurance and taxes paid on mortgaged properties
Cash
Other assets
June, 1926
21
63
00
$381,051,633
8,202,801
582,525
144,240
181,385
65,079
267,220
1,443,089
170,310
18,041
13,163,609
43,744
17
12
91
70
37
16
09
57
33
$460,432,226 26
LIABILITIES
capital
Profits capital
$252,889,763
49,969,991
105,723,200
30,408,200
121,795
710,931
7,758,055
5,582,150
3,261,097
606,000
2,881,395
324,671
102,302
92,671
Matured share
Paid-up
certificates
share certificates
Forfeited shares
.
Matured shares payable
Guaranty fund
Surplus
Net undivided earnings
Bills payable
Due on uncompleted loans
Dividends on matured share certificates
Dividends on paid-up share certificates
Other
....
liabilities
$405,333,681 12
June, 1927
.........
Dues
June, 1926
00
47
00
00
30
41
07
86
50
00
$229,878,974
44,701,326
83,322,400
26,274,000
108,038
1,488,800
6,594,396
4,705,876
2,925,775
1,752,000
3,130,169
269,102
87,153
95,668
57
95
63
50
00
57
00
00
50
70
85
74
04
00
27
18
05
22
$405,333,681 12
$460,432,226 26
STATEMENT
79
55
00
00
69
08
75
04
07
59
86
70
No. 3
Comparative Profit and Loss Statements, Year ending October 31
1926
1927
1925
Gross Income
$26,435,643
97,783
617,452
244,359
2,012
36,564
156,442
Interest
Premiums
Fines
Withdrawal
profits
Transfer fees
Security committee
Miscellaneous
.
82
02
$23,246,761
87,777
494,767
225,806
1,834
29,349
72,074
79
89
72
83
1,826,203 58
14
80,878 34
402,322 24
217,064 81
1,834 68
22,889 43
73,161 42
L.158,372 16
$20,624,354 50
88
60
26
23
L.507,141 29
$25,405,486 68
$22,231,823 19
$18,940,212 02
$5,374,096 58
1,484,722 79
16,453,178 63
$4,183,667 48
1,275,287 93
14,868,175 24
$2,931,620 24
1,025,764 59
13,373,025 05
$2,093,488 68
$1,906,692 54
$1,609,802 14
$1,163,805 69
929,682 99
$1,030,023 01
876,669 53
$875,496 82
734,305 32
57
71
19
53
50
$27,590,258 34
14
65
Deductions
Current expenses
Furniture and fixtures
Interest
-
.
....
$1,927,382 69
71,320 20
on retired and matured shares
Miscellaneous
Net income
.
Distribution of Earnings
Dividends on matured share certificates
Dividends on paid-up shares
Profits credited to shares
Balance
.....
Of which:
Transferred to guaranty fund
Transferred to surplus
186,068 77
$1,684,202
66,004
18,562
157,779
54,292 23
23,237 92
99,471 04
P.D.
8,
Part III.
IX
STATEMENT
No. 4
Matured Shares
YEAR
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
Total
Num-
Num-
ber of
ber of
Banks
Series
matured
38
49
64
73
86
87
94
95
98
95
62
86
104
128
135
149
167
178
180
170
204
220
218
228
218
253
251
265
266
262
277
285
296
303
322
368
385
409
428
449
$602,349 12
923,071 12
1,022,403 58
1,153,123 44
1,197,405 10
1,353,951 34
1,586,587 40
1,556,979 47
1,594,008 36
1,716,425 03
2,284,508 06
2,970,928 80
2,564,155 15
3,458,541 43
3,903,000 95
5,105,479 94
5,535,693 01
6,026,107 13
6,240,459 01
7,095,216 65
8,709,542 01
9,795,956 02
10,351,277 98
12,162,769 82
15,436,072 70
21,903,386 37
28,935,344 02
38,542,292 16
45,525,062 82
46,729,780 14
110
114
115
112
114
119
127
127
127
128
131
130
136
139
149
159
162
170
175
179
Value of
Shares
Num-
Num-
ber of
Shares
ber of
2,979
4,569
5,079
5,730
5,938
6,708
7,873
7,737
7,916
8,554
11,346
14,766
14,641
17,156
19,388
25,363
27,551
30,046
31,075
35,333
43,387
49,355
51,550
60,568
76,918
109,100
144,259
191,985
227,813
232,628
Holders
Num-
31,944
32,395
STATEMENT
of
Borrow-
Loans
cancelled
ers
701
1,135
1,252
1,483
1,389
1,615
1,785
1,683
1,802
1,980
2,465
3,103
3,122
3,488
4,036
5,122
5,474
5,589
5,806
6,624
7,583
8,698
8,845
10,674
12,796
17,482
22,4Q4
27,901
Amount
ber of
198
309
322
377
375
430
489
456
489
525
595
773
741
804
858
$164,620
275,285
300,738
331,078
362,655
395,509
465,901
478,484
450,350
477,953
542,556
726,757
716,692
776,991
789,219
987,580
1,060
1,059
1,155
1,276
1,402
1,639
1,712
1,711
2,035
2,257
2,574
2,812
2,992
3,380
3,540
1,089,235
1,196,903
1,294,412
1,427,750
1,777,426
1,882,487
1,878,739
2,309,387
2,611,130
3,033,620
3,534,030
3,721,238
3,116,422
4,673,811
00
00
00
00
00
00
00
00
00
00
00
00
15
90
13
80
00
97
73
00
30
62
46
96
26
10
48
90
60
00
Average
Duration of
Series
139 3 /io months
1398/io
140 6 /io
1411/5
1421/a
1431/s
143 9 /io
144Vio
145Vio
145 7 /io
146Vi3
146 4 /io
146V2
146Vio
146 3 /io
145 7 /io
145 3 /io
1449/io
144 7 /io
144Vio
1443/io
144Vio
144
143 8 /io
143 5 /io
1433/io
143Vio
1429/10
142 7 /io
1425/io
No. 5
Receipts and Disbursements for the Year ending October
31, 1927,
on Certain Accounts Not Shown Elsewhere
Disbursements
Receipts
....
Capital
Dues
capital
7,833,215 87
Profits capital
Matured share
Paid-up share
Capital
$89,017,963 00
certificates
certificates
.
26,349,000 00
6,622,200 00
Loans and Investments
Real estate loans repaid
Share loans repaid
.
.
Matured share loans repaid
Paid-up share loans repaid
Mortgages repaid, common form
Bonds and notes
sold
Dues
Dues
Dues
Dues
capital withdrawn
capital forfeited
capital retired
capital matured
Profits capital withdrawn
Profits capital forfeited
Profits capital retired
Profits capital matured
.
Matured share
Paid-up share
certificates
certificates
$33,766,302
391,660
16,830
33,179,650
5,989,800
58,987
6,603
13,314,335
5,425,200
2,761,000
00
00
00
00
74
68
61
21
00
00
132,100,456
7,698,703
916,834
247,632
130,685
260,714
72
89
00
00
00
58
Loans and Investments
86,396,625
7,345,782
728,670
248,112
13,464
634,320
01
71
00
00
65
32
....
Real estate loans
Share loans
Matured share loans
Paid-up share loans
Mortgages, common form
Bonds and notes purchased
P.D.
X
STATEMENT
8,
Part
III.
No. 6
Operating Expenses
Year ending Oct.
Classification
Amount
Salaries
Rent
Advertising
Other expenses
Total
31, 1927
Oct. 30, 1926 Oct. 31, 1925 Oct. 31, 1924 Oct. 31, 1923
Cost for
Cost for
Cost for
Cost for
Cost for
Each $1,000
Each $1,000
Each $1,000
Each $1,000
Each $1,000
of Assets
of Assets
of Assets
of Assets
of Assets
$2 59
45
96
92
25
96
$2 48
53
18
93
$2 45
49
18
1 02
$2 54
49
$1,970,520 09
$4 12
$4 14
$4 26
$1,183,474
253,376
88,377
445,290
19
1
STATEMENT
04
1
$2 63
47
20
19
22
1
$4 45
17
$4 47
No. 7
Statistics of Business
Year ending October
31
1927
1926
1925
1924
1923
Number in force
Number borrowed upon
Number issued
Number withdrawn
Number forfeited
Number retired
Number matured
5,679,453
2,592,799
1,529,192
927,375
21,364
125
232,628
5,331,753
2,341,397
1,491,593
848,223
12,704
4,461,029
1,739,776
1,290,324
664,443
10,168
3,990,288
1,484,012
1,176,991
586,642
7,519
561
227,813
4,929,461
2,061,007
1,442,120
771,053
9,198
1,452
191,985
713
907
552
144,259
109,100
76,918
Matured shares represented by certificates
560,571
455,952
335,079
230,995
157,079
102,886
Paid-up shares represented by certificates
156,481
137,175
114,427
90,553
66,755
34,749
130,620
$3,427
121,191
$3,317
111,549
$3,124
101,324
$2,895
92,485
$2,688
84,053
$2,490
1,930
1,758
6.10
6.11
31,459
$132,100,456
31,056
$126,289,716
35,215
6.12
497,220
1922
Shares
.
.
Real Estate Loans
Number
Average
Number
celled
of same
of loans
.
can-
by maturity
of
shares
Average rate
Number
of interest
made
of
same
_
.
6.08
—
6.05
—
6.01
during
year
Amount
3,517,465
1,257,510
917,368
527,526
9,418
.
—
5.95
-
-
-
-
32,847
6.12
29,941
28,094
6.11
25,029
23,212
6.12
6.12
6.10
466,492
439,553
382,274
357,117
327,157
10.75
Share Loans
Number
Average rate
of interest
Membership
Number of members
Average number of shares
held by each member,
Average profits to credit
11.42
11.43
11.21
11.67
11.17
of each member
Number of holders of ma-
$104 44
$100 78
$96 62
$99 06
$93 97
$92 54
tured share certicates
of holders of
paid-up share certi-
84,393
70,299
53,275
38,758
27,493
18,637
ficates
26,181
23,473
20,278
16,895
13,113
7,181
152,008
345,212
141,847
324,645
130,030
309,523
117,366
264,908
107,589
249,528
98,826
228,331
Average rate of dividend
Total expenses during
5.63
5.61
5.55
5.52
5.49
5.47
year
Percentage of total expenses to total assets
$1,970,520 09
$1,766,722 00
$1,572,507 09
$1,389,403 23
$1,184,870 96
$1,023,011 61
.41
.41
.42
.44
.45
.45
Number
Borrowers
Number of borrowers
Number of non-borrowers
.
Miscellaneous
Profits credited to shares
during year
$16,453,178 63 $14,868,175 24 $13,373,025 05 $11,929,135 37 $10,635,984 86 $9,601,424 04
Percentage of surplus and
guaranty fund to total
—
—
_
assets
2.95
2.83
Percentage of increase in
assets
12.39
15.23
18.37
17.83
17.62
14.73
P D.
8,
Part
III.
XI
STATEMENT
No. 8
Comparative Exhibit of Interest Rates from 1917 to 1927 on Outstanding
Loans on October 31 of Each Year
Amount
Percentage op Total Loans
of
Loans
1927
Oct. 31, 1927
At 5 per cent
Between 5 and 6
per cent
.
1926
1925
1924
1923
1922
1920
1921
1918
1919
1917
$2,799,275 00
.61
.92
1.43
2.21
17,670,554 00
3.87
5.13
6.87
9.45 12.91 18.12 24.08 30.70 36.30 40.19 40.53
3.38
5.22
7.55 10.16 13.53 17.18 20.67
315,899,975 11 69.19 64.25 65.04 63.97 62.58 58.58 52.73 48.11 40.92 33.87 29.96
At 6 per cent
Between 6 and 6 3 /io
.57
.64
1.05
1.08
.68
.76
.72
.66
.65
7.60 7.19
6.92
6.84
6.80 7.00
2,237,991 00
.49
At 6 3 /io per cent (5
cents premium)
Between 6 3 /io and 7
35,913,635 00
7.87
per cent
At 7 per cent
70,929,697 63 15.53 18.88 15.97 13.89
10,508,344 00 2.30 2.55 2.76 2.73
per cent
.
.
.53
9.20 6.01
3.80 3.76
7.06
6.95
7.04
7.12
3.62
3.49
1.86
1.29
.54
.17
.96
.05
.95
.05
Between 7 and 8
per cent
At 8 per cent
At more than 8 per
.
cent
212,055 00
79,820 00
.05
.02
.04
.02
.07
.03
.07
.04
.10
.08
.21
.15
.32
.38
.31
.38
.06
.02
.03
.01
.04
.02
321,965 00
.07
.08
.07
.07
.05
.05
.13
.11
.02
.01
.01
ST ATE ME^IT N o.
9
Comparative Exhibit of Dividend Rates on Serial Shares from 1916 to
1927
Number of Banks paying at Each Rate
rate of
dividend
(PER CENT)
,-
1927
1926
1
1925
1924
1923
1922
1921
1920
1919
1918
1
1
1
-
1
5
3
1
_
-
_
-
VA
_
-
lA
m
_
-
-
-
-
-
1
1
_
-
_
-
_
-
-
-
-
—
_
-
_
-
2
1
1916
3
1
1
1
1917
.
-
-
-
-
1
-
1
1
1
m
1
-
1
-
—
—
—
-
1
-
2
3
1
1
1
—
—
2
4
4
4
_
_
1
_
1
-
2
3
1
3
2
4
—
—
—
1
2
3
3 <
_
m
m
1
1
5x„
WA
1
_
—
_
1
_
_
1
-
1
-
1
3
2
1
-
-
-
2
-
1
-
-
-
-
1
-
-
-
-
1
9
/io
15
/fe
1
1
-
1
-
|
1
VS2
;
25
\A
2
29
30
1
34
1
38
1
44
41
2
2
2
37
2
3
1
2
67
69
63
1
1
9
2
3
3
3
3
2
4
18
17
14
12
1
1
2
36
1
1
3
46
1
\Al
1
P/tt
5
E>
1
1
%
1
58
7
8
16
20
25
27
23
1
1
3
1
6
4
79
78
85
2
4
3
1
72
68
5
4
62
2
9
2
6
1
1
3
2
51
49
41
40
36
2
4
1
1
1
1
1
2
2
1
1
1
1
IV40
Us
1
1
2
2
2
1
3
2
1
1
28
26
21
2
1
1
1
6
4
1
J
N/mo
1
Wis,
k
23
185
Vs
88
12
12
11
6
3
—
2
-
3
6
3
1
1
3
—
7
1
1
1
2
1
1
-
1
-
-
-
2
-
-
1
1
—
-
—
P.D.
xii
8,
Part III.
Comparative Exhibit of Dividend Rates on Serial Shares from 1916
to 1927 Concluded
Number of Banks paying at Each Rate
rate of
dividend
(PER CENT)
1927
1925
1924
1923
1
1
2
1922
1921
1920
1919
1918
1917
3
1916
2
1
5Vio
5 15/fe
5.975
6
1926
1
1
.
69
60
49
50
46
39
36
40
1
1
1
1
1
1
1
2
1
1
1
1
1
1
1
1
6Vw
6^
6Vb
6M
1
34
35
31
34
2
1
4
1
GV2
1
6 7/f6
6Vio
1
1
ey8
6M
1
1
6Vs
7
1
8
1
1
.
.
Tot als
Average rate
.
1
1
1
1
1
220
220
217
211
210
206
202
190
186
184
183
5.65
5.61
5.55
5.52
5.49
5.47
5.39
5.20
5.27
5.31
5.32
5.26
No. 10
Rates of Interest on Real Estate and Share Loans, October
5.00
5.20
5.25
5.30
5.50
5.70
5.75
6.00
6.10
6.12
6.25
6.30
6.37
6.40
6.48
6.50
6.52
6.60
6.66
6.75
6.88
.
1
1
221
STATEMENT
Rate
Per Cent
1
Rate
Per Cent
Real Estate
Loans
Loans
$2,789,515 00
$9,760 00
7 00
1,270 00
7.20
7.25
7.46
350 00
1,201,225 00
349,895 00
10,942,230 00
300 00
5,068,455 00
309,246,669 68
534,120 00
1,417,750 00
258,200 00
35,309,130 00
•
—
184,950 00
—
69,217,629 63
—
—
285,975 00
Share
—
-
106,819 00
—
10 00
6,653,305 43
10,905 00
—
17,016
604,505
175
8,320
36,100
1,192,433
250
1,200
90
2,050
525
00
00
00
00
00
00
00
00
00
00
00
.
7 50
.
7.75
8.00
8.25
8.50
8.64
8.75
9 00
.
9 25
9 50
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
9.75
10.00
10.25
10.50
10.75
.
.
.
.
.
Average rate
Real Estate
Loans
$10,270,525 00
31, 1927
Share
Loans
00
00
00
00
00
00
00
00
500 00
00
00
00
00
00
00
00
1,650 00
75 00
150 00
1,690 00
400 00
900 00
1,000 00
200 00
1,650 00
200 00
—
$447,671,719 31
$8,901,592 43
6.10%
6.12%
—
48,300 00
—
85,800
72,350
74,300
65,500
50,850
00
00
00
00
00
—
21,050
38,300
31,950
38,100
21,150
28,650
15,100
2,900
$237,819
500
100
45
820
4,140
5,520
P.D.
Part
8,
III.
xiii
STATEMENT
No. 11
Real Estate by Foreclosure
Principal
....
Balance as shown in statement of October, 1926, 86 estates
Acquired during the year ending October, 1927
627 estates:
.
.
Total loans eliminated by foreclosure
.
Interest and fines due at date of foreclosure
Taxes, insurance, etc., paid to date of foreclosure
Legal and other expenses to date of foreclosure
.
$2,627,224
128,309
26,599
34,635
Value of shares credited to account
.
$2,816,768 28
206,841 88
.
.
.
$340,681 60
18
81
16
13
2,609,926 40
$2,950,608 00
Received for 449 estates sold during year
Profits on estates sold during year
.
.
.
.
.
Losses on estates sold during year
Amounts charged off to cover depreciation or
prospective loss
.
.
.
.
.
.
.
.
.
$1,849,201 43
55,571 39
$1,793,630 04
41,218 51
9,814 83
1,844,663 38
$1,105,944 62
Income and Expense
Rents, received since October, 1926
.
Expenses and taxes paid since October, 1926
.
Net
deficit for
the year
deficit
Deficit
Income applied
.
....
was disposed of as
to profit and loss
charged to profit and loss
This
Income credited
.
$27,867 55
80,591 30
$52,723 75
follows:
...
.
to reducing book value
Deficit applied to increasing book value
.
.
202 00
-
$9,340 34
62,266 09
$52,925 75
52,925 75
Balance as shown in statement of October 31, 1927 (264 estates
assessed at $941,068)
$1,158,870 37
P.D.
xiv
STATEMENT
8,
Part III.
No. 12
Real Estate by Foreclosure and Common-form Mortgates, 1890 to 1927
Common form Mort-
Real Estate by
Foreclosure
YEAR ENDING
OCTOBER 31
GAGES
Number
of
1927
14
16
18
.
.
28
33
.
.
41
46
58
72
83
84
89
85
86
90
82
.
.
.
.
.
.
.
.
.
.
.
.
78
88
64
.
.
.
57
52
.
.
35
45
40
47
62
59
72
79
.
.
.
.
.
.
.
.
61
.
40
28
30
.
.
.
.
19
.
22
.
31
46
76
.
.
•
Number
Amount
of
Banks
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
Total
Amount
Amount
Banks
$49,833
67,556
98,480
105,197
139,136
184,550
282,609
531,041
782,370
890,604
993,150
1,041,708
946,147
839,223
730,486
580,426
529,701
365,051
334,862
244,553
215,309
161,274
139,819
162,525
187,546
270,693
318,583
381,279
552,944
336,882
137,395
76,059
87,836
45,182
82,554
178,336
340,681
1,158,870
19
3
5
3
4
6
9
10
19
86
99
75
92
28
61
25
42
20
23
30
57
06
29
90
31
32
14
12
41
41
74
26
38
85
82
70
71
45
49
52
52
51
45
47
48
50
43
43
41
43
48
45
40
36
19
58
07
14
21
66
69
13
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70
47
93
31
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26
23
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28
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60
37
STATEMENT
$7,800
10,147
9,960
22,990
43,649
31,724
25,827
77,750
106,972
124,970
181,383
313,125
324,392
367,239
398,298
407,569
383,335
370,950
330,958
305,997
274,015
245,284
215,319
196,747
176,433
193,513
170,006
159,722
175,955
165,900
166,178
134,272
97,953
83,166
75,661
68,909
64,560
181,780
00
88
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59
55
78
36
99
27
54
26
66
15
50
18
61
40
07
23
26
21
69
75
09
33
56
13
52
93
02
73
28
89
86
60
34
69
$57,633
77,704
108,440
128,187
182,786
216,274
308,437
608,791
889,343
1,015,574
1,174,533
1,354,833
1,270,540
1,206,462
1,128,784
987,995
913,036
736,001
665,820
550,551
489,324
406,558
355,138
359,273
363,979
464,206
488,589
541,001
728,900
502,783
303,573
210,332
185,789
128,349
158,215
247,246
405,241
1,340,651
19
74
99
75
51
83
39
61
41
84
60
55
56
29
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92
87
78
92
05
96
92
88
33
16
47
77
79
21
06
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43
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82
87
46
94
06
No. 13
Classification of Shareholders
Number
.....
....
of holders, Oct., 1926
Added during year
Withdrawn during year
Number
of holders, Oct., 1927
Unmatured
Matured Share
Paid-up Share
Shares
Certificates
Certificates
416,376
83,610
70,299
19,985
23,473
5,430
500,016
67,842
90,284
5,891
28,903
2,722
432,174
84,393
26,181
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XXV
P.D.
XXVI
8,
Part III.
STATEMENT
Principal Assets of Co-operative
Year
No. of
Bonds and
Banks
Notes
Loans on
Real Estate
Loans on
Shares
Loans
on Matured
Share
Certificates
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
10
16
18
25
25
26
30
40
51
66
93
103
108
115
116
117
119
122
123
124
125
126
128
130
130
129
130
133
135
137
140
147
160
162
169
174
179
183
184
186
190
202
206
210
211
217
220
220
221
—
$176,305
328,687
572,213
923,963
$2,050
—
—
—
—
—
—
51,779
17,793
30,527
84,254
62,391
114,131
157,884
125,365
82,927
115,439
82,668
86,526
132,350
237,754
214,922
346,140
445,876
294,890
203,450
111,879
149,849
122,789
89,110
154,449
335,400
75,924
200,397
1,232,157
3,053,233
3,417,811
2,975,161
3,283,745
1,672,718
1,222,571
559,303
373,579
174,169
547,775
1,308,479
1,771,778
2,253,668
2,887,369
3,797,628
4,884,665
6,405,208
8,325,923
10,791,169
13,093,402
15,577,718
16,590,389
18,427,199
20,777,353
21,835,114
22,825,741
23,270,571
24,046,155
24,954,786
26,469,757
28,940,169
31,580,140
34,465,236
38,155,669
43,072,942
46,989,242
51,543,428
56,896,951
62,777,184
69,436,620
76,616,904
84,413,019
93,987,791
103,657,829
116,642,777
128,463,986*
142,524,526*
160,686,767*
181,161,476*
209,252,762*
248,864,747*
293,344,999*
348,503,053*
401,967,888
447,671,719
* Including loans
on
real estate
$7,623
15,558
26,013
36,511
63,872
87,984
112,743
151,944
195,406
241,316
267,545
363,793
520,801
599,121
815,771
784,732
851,331
989,834
962,510
1,009,018
1,109,349
1,155,074
1,208,597
1,275,680
1,547,442
1,554,301
1,599,559
1,742,547
2,128,793
2,258,420
2,238,821
2,401,321
2,476,655
2,567,721
2,794,939
2,935,764
3,220,953
3,324,625
3,717,687
3,820,342
3,961,156
4,895,533
5,782,203
5,883,660
6,498,179
7,157,473
7,933,099
8,548,671
8,901,592
_
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
$8,440
24,210
68,125
101,135
143,278
193,000
305,543
471,105
681,055
869,219
Loans
on Paid-up
CommonForm Mort-
Shares
gages
—
—
—
—
—
—
—
—
—
—
-
—
—
—
—
—
—
—
—
$12,965
24,370
66,455
119,160
139,364
174,360
173,880
under chapter 47, General Acts of 1918.
—
—
—
—
—
—
—
—
—
—
$9,960
22,990
43,650
31,725
25,828
77,750
106,973
124,970
181,384
313,125
324,393
367,239
398,298
407,569
383,336
370,950
330,958
305,997
274,015
245,284
215,320
196,748
176,433
193,513
170,007
159,722
175,955
165,901
166,178
134,273
97,953
83,167
75,662
68,910
64,560
181,781
P.D.
8,
Part
xxvn
III.
No. 15
Banks from 1879 to
Real Estate
by
Arrearages
Foreclosure
-
—
—
$6,309
8,997
4,929
16,297
34,567
49,833
67,557
98,481
105,198
139,137
184,550
282,610
531,041
782,370
890,605
993,150
1,041,708
946,148
839,223
730,486
580,427
542,868
365,051
334,863
244,554
215,310
161,275
139,819
162,526
187,546
270,693
318,657
381,280
552,945
336,882
137,396
76,060
87,837
45,183
82,554
118,337
340,682
1,158,870
$4,954
5,241
9,134
15,153
21,773
27,541
32,957
38,829
51,640
66,880
65,940
—
56,550
66,178
87,214
107,438
117,085
149,267
150,893
163,172
172,561
163,729
166,565
154,291
149,970
154,031
156,673
130,379
156,582
197,190
188,780
171,072
167,335
187,216
150,616
152,827
161,714
162,698
171,705
182,826
174,416
156,652
195,789
219,917
220,824
247,227
282,792
330,977
376,916
1927, inclusive
Expense
Account
$2,559
3,694
4,822
6,498
6,099
6,222
7,380
9,286
11,538
14,072
20,324
24,129
23,919
24,345
25,562
23,358
23,842
25,265
24,982
23,837
24,650
25,087
25,920
27,380
32,510
31,068
26,481
31,346
32,800
35,217
36,820
40,405
48,495
47,683
52,854
58,483
73,876
73,451
70,453
84,947
110,326
126,446
181,179
233,796
219,600
258,748
291,044
345,028
379,082
Bank
Building
_
—
—
—
—
—
—
—
—
—
—
—
$52,158
317,627
523,138
658,778
802,155
1,193,081
1,351,566
1,564,024
1,696,711
Cash on
Hand and
in
Banks
$13,279
16,698
40,101
49,121
66,340
76,474
96,345
128,842
145,331
268,426
313,045
394,386
380,080
687,115
351,837
829,267
795,397
484,511
872,216
771,407
1,024,462
1,057,177
858,162
1,033,439
783,477
922,583
1,092,096
1,085,708
753,702
967,631
1,257,809
1,330,282
1,558,529
1,769,385
1,564,444
2,504,427
3,537,604
5,372,783
4,288,823
3,804,092
4,078,519
4,424,538
4,714,234
6,791,707
6,516,229
8,551,645
9,422,475
11,232,781
16,116,070
Other
Total Assets
Year
$515
534
860
$205,235
372,462
653,143
4,889
4,699
1,924
2,934
3,805
5,477
13,456
1,036,135
1,471,262
1,971,923
2,512,336
3,229,072
4,211,949
5,505,112
7,106,629
9,264,833
11,874,530
14,620,276
17,085,922
18,584,671
20,552,667
22,906,692
24,597,843
25,793,354
26,744,647
27,721,748
28,674,208
30,391,666
32,919,739
35,614,048
38,725,082
42,557,575
47,220,075
51,339,904
55,945,634
61,498,838
67,573,381
74,484,048
81,708,343
90,781,470
101,543,318
113,305,907
126,695,037
140,201,034
154,879,639
173,979,204
196,195,049
225,092,157
264,755,632
311,962,991
369,273,906
425,511,319
478,220,685
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
Assets
-
54,990
16,661
11,147
15,378
4,309
7,407
14,140
17,972
27,909
12,040
17,324
18,819
28,228
21,955
28,219
50,901
39,846
44,365
22,931
17,546
19,633
15,834
31,174
14,863
17,571
21,250
25,460
30,433
54,268
33,734
24,781
28,852
25,381
23,522
67,596
258,582
87,124
147,070
^^^i
P.D.8, Part
XXV111
III.
STATEMENT
Pkincipal Liabilities of Co-operative
Year
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
No. of
Dues
Profits
Banks
Capital
Capital
10
16
18
25
25
26
30
40
51
66
93
103
108
115
116
117
119
122
123
124
125
126
128
130
130
129
130
133
135
137
140
147
160
162
169
174
179
183
184
186
190
202
206
210
211
217
220
220
221
Matured
Share Certificates
Paid-up
Shares
Guaranty
Fund
$193,519
355,088
633,264
998,400
1,432,422
1,932,475
2,464,337
3,170,096
4,127,679
5,374,777
6,267,286
8,009,038
10,216,145
12,512,367
14,516,478
15,644,530
17,217,776
19,053,082
20,319,076
21,246,168
22,034,825
22,859,955
23,741,905
25,299,943
27,478,895
29,750,625
32,325,730
35,507,667
39,250,508
42,576,682
46,220,344
50,695,747
55,589,298
61,264,523
67,312,569
74,457,577
82,034,231
90,509,866
99,886,278
108,916,004
118,002,683
130,207,195
143,151,471
156,727,689
172,914,135
193,803,117
215,545,845
237,164,920
258,828,441
$702,296
1,070,812
1,414,690
1,814,094
2,243,839
2,535,983
2,910,815
3,360,263
3,709,416
3,943,901
4,057,313
4,133,131
4,160,596
4,284,428
4,582,909
4,915,582
5,353,179
5,896,481
6,577,060
7,275,908
7,977,730
8,851,254
9,693,365
10,616,439
11,596,081
12,775,303
14,268,195
15,906,349
17,791,531
19,889,946
22,032,252
24,515,870
27,307,566
30,273,860
33,560,143
37,868,535
42,469,885
47,014,910
51,931,577
$322,800
1,615,600
2,810,400
4,108,800
6,024,000
8,419,400
11,470,400
14,822,000
20,577,200
31,415,800
46,199,000
67,015,800
91,190,400
112,114,200
$466,800
2,790,000
6,949,800
13,351,000
18,110,600
22,885,400
27,435,000
31,296,200
1,890
5,084
7,825
11,906
18,233
27,207
39,195
54,105
68,491
88,129
107,444
126,216
145,693
165,376
183,131
201,942
219,298
237,161
258,699
276,411
304,313
341,406
379,819
436,369
499,048
567,984
644,989
736,663
971,803
1,171,022
1,381,561
1,646,486
1,904,416
2,172,857
2,511,440
2,825,465
3,210,045
3,698,750
4,309,287
5,052,301
5,955,217
7,033,707
8,208,192
Surplus
4,060
2,782
5,104
8,165
12,409
14,749
18,442
24,017
33,225
16,243
25,967
41,314
61,974
82,675
111,508
128,347
161,740
190,683
216,456
241,170
270,233
293,491
314,212
332,530
373,996
413,576
476,478
556,526
672,963
777,028
906,936
1,072,142
1,180,522
1,189,190
1,256,529
1,383,919
1,489,654
1,624,065
1,781,214
1,904,670
2,064,736
2,234,184
2,531,141
2,998,612
3,530,755
4,223,465
5,028,839
5,897,448
Undivided
Earnings
$4,296
2,871
2,999
4,808
6,788
12,244
16,035
17,496
21,761
30,074
77,980
99,625
125,538
137,995
131,683
141,051
146,875
161,541
174,801
177,591
172,425
157,931
158,896
161,598
177,797
208,976
196,431
220,511
259,288
279,099
309,986
331,802
365,285
401,954
448,982
573,984
666,356
722,080
784,219
859,294
990,410
1,098,247
1,162,789
1,335,477
1,597,484
1,942,139
2,327,465
2,738,662
3,038,155
P.D.
8,
XXIX
Part III.
No. 16
Banks from 1879 to
1927, inclusive
Divi-
Forfeited
Share
Account
Retired
Share
Matured
Account
Account
Share
dends on
Due on
Divi-
Matured dends on
Share
Certifi-
Paid-up
Shares
Bills
Payable
UnOther
completed Liabilities
Total
Liabilities
Year
Loans
cates
1,171
—
—
-
923
$2,798
1,808
1,823
1,092
_
—
—
—
2,148
$16,370
8,538
$147
159
175
261
988
998
2,815
3,157
4,599
7,559
7,255
8,916
13,856
13,832
12,833
11,332
13,412
13,608
13,129
10,916
11,196
14,249
14,743
17,685
16,320
18,216
15,876
25,708
22,986
29,462
26,578
33,441
39,421
37,416
37,027
32,895
53,122
62,481
58,176
66,640
91,028
91,489
105,188
104,645
118,051
122,100
-
—
-
680
235
3,573
573
2,131
2,932
6,049
6,328
23,198
28,910
20,654
451
809
1,479
4,528
1,129
371
4,674
1,606
371
1,783
5,114
3,079
20,930
640
2,350
48
#» —
—
—
—
—
—
-
16,427
15,727
35,818
5,497
8,573
12,907
5,147
17,571
48,362
40,002
40,608
38,331
41,760
50,203
54,546
151,923
62,244
96,057
90,425
163,582
234,201
116,712
161,309
106,797
147,947
141,458
114,552
217,264
313,813
376,696
543,260
475,123
628,245
1,025,907
804,697
1,342,346
_
—
—
—
—
—
$28,702
42,245
55,547
72,392
88,480
121,491
184,468
266,296
368,130
514,291
618,871
_
—
—
—
—
—
—
—
—
—
—
—
—
—
,—
—
—
—
$14,343
38,093
68,303
92,032
110,897
129,640
151,812
_
—
—
—
—
—
—
-
—
—
—
—
—
—
—
$473,500
247,647
356,300
1,389,200
1,818,500
3,451,500
2,937,600
1,491,100
_
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
-,
—
—
$300,992
229,994
432,229
356,955
682,423
1,804,828
2,352,348
2,441,914
3,680,974
3,330,944
3,096,999
$6,583
10,284
13,923
27,562
22,899
13,580
11,604
14,323
28,577
35,945
10,748
27,585
30,089
15,379
17,878
10,223
21,508
20,313
31,003
19,254
18,276
13,867
20,194
21,866
35,878
31,146
62,486
39,638
25,606
20,392
35,059
30,098
14,886
21,385
34,451
20,446
28,313
35,458
89,331
117,758
251,263
55,655
40,765
43,240
48,240
104,369
108,776
69,658
83,244
$205,235
372,462
653,143
1,036,135
1,471,262
1,971,923
2,512,336
3,229,072
4,211,949
5,505,112
7,106,629
9,264,833
11,874,530
14,620,276
17,085,922
18,584,671
20,552,667
22,906,692
24,597,843
25,793,354
26,744,647
27,721,748
28,674,208
30,391,666
32,919,739
35,614,048
38,725,082
42,557,575
47,220,075
51,339,904
55,945,634
61,498,838
67,573,381
74,484,048
81,708,343
90,781,470
101,543,318
113,305,907
126,695,037
140,201,034
154,879,639
173,979,204
196,195,049
225,092,157
264,755,632
311,962,991
369,273,906
425,511,319
478,220,685
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
1925
1926
1927
ABSTRACT OF ANNUAL REPORTS OF THE CO-OPERATIVE
BANKS SHOWING THEIR CONDITION AT CLOSE OF
BUSINESS OCTOBER,
1927.
ABINGTON — NORTH ABINGTON CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 216 Union Street, Rockland, American Trust
Company, Boston, Abington National Bank)
Incorporated
March
23, 1888.
Began business April
4,
1888
Geo. D. Witherell, Treasurer
William C. Brett, President
Board of Directors: A. W. Ames, H. W. Belcher, W. C. Brett, A. N. Calkins, W. C. Gilman, J. M. Hayes*,
E. H. Naylor, G. W. Orcutt, H. F. Packard, J. A. Radcliffe*, A. I. Randall, A. B. Reed, F. E. Shaw*,
C. N. Tanner, G. D. Witherell.
Regular meeting for receipt of moneys the
first
Wednesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Unpaid fines
Furniture and fixtures
Temporary expense account
Insurance and taxes paid
Overs and shorts
Due from trust companies and na
tional banks
Cash and cash items
....
.
.
-
1927
5,
.
.
$1,577,950 00
36,450 00
700 00
33,122 89
420 29
3,767 21
494 12
609 11
19 26
Dues
capital
Profits capital
$1,038,753
243,358
240,800
122,200
13
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
1,004
Guaranty fund
34,333
23,564
1,598
71
Surplus
Interest
Premiums
64,645 94
20,249 79
Transfer fees
Bills payable for
money borrowed
Due on uncompleted loans
20,000
12,600
130
Security committee
$1,738,428 61
$1,738,428 61
Membership
Serial Shares
Issued during year
Withdrawn during year
.
5,194
2,695
146
Matured during year
676
Shares in force
20,929
Shares now pledged
8,928
'Jew series issued in January, April, July, October.
forfeited during year
.
I
00
08
00
00
00
90
84
65
84
80
50
00
00
00
....
—
Members
Members who
1,902
are borrowers
.
711
Unmatured shares
Matured share certificates
.
1,713
191
Holders
of:
94
Paid-up share certificates
Profits Distributed
Unmatured Shares
A%\
second term,
X
fourth term, \ A%.
First term, \ X
iy2 %\
1}4%;
third term,
Matured and Paid-up Share Certificates
134%; second term, 1}£%', third term,
First term,
1M%;
fourth term,
1%%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
70 real estate loans (average, $2,355 each; average rate, 6.3%): 6 3 /io%, $1,577,950.
20 share loans (average, $303 each; average rate, 6.3%): 6 3 /io%, $36,450.
1 loan on paid-up share certificates: 6.3%,
Total Expenses for Year
alaries
..mount paid for
}!ost
.
per $1,000 of assets
,358.50
1.93
$466.42
$150.00
Other
Expenses
$2,133.66
.27
.09
1.23
Rent
* Security Committee.
Advertising
Total
$6,108.58
3.52
2
P.D.
8,
Part
III.
ADAMS — ADAMS CO-OPERATIVE BANK
Incorporated December 17, 1895.
Began business March
10,
Fred R. Shaw, President
1896
Frank Haplon, Treasurer
of Directors: W. T. Adams, E. H. Arnold, R. C. Buntin, J. J. Carney*, A. M. Daniels, Hector Desautels,
A. E. Green, Frank Hanlon, A. W. Jones, Henry Kaiser, C. J. Menard, W. S. Morton, D. A. Murphy*
F. R. Shaw, F. W. Smith, P. P. Smith*, W. E. Stoddard, P. J. Vrabel.
Board
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
13, 1927
Liabilities
Loans on real estate
Loans on shares
Due from trust companies and national banks
Cash and cash items
$902,430 00
33,810 00
25,000 00
19,219 26
Dues capital
Profits capital
$763,379
154,240
10,000
23,211
28,669
740
.
Matured share
Guaranty fund
certificates
Surplus
Due on uncompleted
loans
Dividends on matured share
cates
.....
.
2,084
2,019
.
378
....
.
Shares in force
Shares now pledged
series issued in
13
00
218 71
Membership
Issued during year
New
00
95
$980,459 26
Serial Shares
.
47
certifi-
$980,459 26
Withdrawn during year
Matured during year
00
14,261
5,994
.....
Members
Members who
Holders of
:
— are borrowers
Unmatured shares
Matured share certificates
1,242
.
407
.
1,238
10
May, November.
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
Matured Share
Second term, 2 5/8 %-
3%.
Certificates
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
334 real estate loans (average, $2,702 each; average rate, 5.98%): 5%, $8,675; 5J4%, $14,565; 6%, $879,190.
76 share loans (average, $445 each; average rate, 6%): 6%, $33,810.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
2,675.00
$225 00
$75.84
2.72
.23
.08
Other
Expenses
$704.98
Advertising
.
.72
Total
$3,680.82
3.75
AMESBURY — AMESBURY CO-OPERATIVE BANK
Incorporated April
William
W. Hawkes,
10, 1886.
Began business
May
1,
1886
John Gibbons, Treasurer
President
Board of Directors: R. E. Briggs*, G. E.
Collins,
John Gibbons, W. W. Hawkes*, Charles Schofield*.
Regular meeting for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
....
Loans on real estate
Loans on snares
Unpaid interest
Due from trust companies and national banks
Cash and cash items
.
.
3,
1927
Liabilities
.
.
.
.
$867,075 00
27,525 00
3,414 17
Dues
$719,578 0C
205,663 0£i
capital
Profits capital
.
Guaranty fund
Surplus
54,252 26
100 00
Due on uncompleted
$952,366 43
* Security Committee.
loans
13,853 li
8,172 It
5,100 0(
$952,366
4:
b. 8, Part III.
Serial Shares
Membership
ed during year
ldrawn during year
ured during year
1,587
582
98
11,696
4,776
es in force
•es
'
now pledged
series issued in
.....
Members
Members who
Holders
— are borrowers
of:
1,374
456
.
Unmatured shares
May, November
1,374
Profits Distributed
Unmatured Shares
3%; second
First term,
term,
3%.
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
each; average rate, 6.3%): 6 3 /io%, $867,075.
average rate, 6.3%): 6 3 /io%, $27,525.
ireal estate loans (average, $2,089
\\share loans (average, $510 each;
Total Expenses for Year
)unt paid for
t per $1,000 of assets
.
Salaries
Rent
$1,620.00
1.70
$600.00
Other
Expenses
$625.96
.63
.66
Total
$2,845.96
2.99
ARLINGTON — ARLINGTON CO-OPERATIVE BANK
moneys: Webster & Atlas Nat'l Bk., Boston, 191 Massachusetts Avenue, Arlington, and 10 Park Avenue, Arlington Heights)
her authorized locations for receipt of
Incorporated October 30, 1889.
Began business November
atio A. Phinney, President
14,
1889
Elbert L. Churchill, Treasurer
Walter T. Chamberlain, Assistant Treasurer
W. Allen, G. G. Allen*, S. M. Bartlett, W. G. Bott, J. G. Brackett, W. T. Chamberlain*,
E. L. Churchill, J. O. Holt*, W. H. Keefe, C. A. Moore, J. D. O'Leary, A. B. Peirce, W. A. Peirce, H. A.
Phinney, S. M. Richardson, G. O. Russell, C. H. Stevens, Daniel Wyman, A. O. Yeames.
rd of Directors: C.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
on real estate
on shares
ns on matured share certificates
irance and taxes paid
from trust companies and naonal banks
h and cash items
|ns
!ns
.
.
.
i
.
11, 1927
Liabilities
.
.
.
.
$2,866,600 00
47,992 00
1,850 00
284 46
Dues capital
Profits capital
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
97,245 16
1,207 05
00
53
00
00
578 42
47,803 81
$1,861,073
406,804
346,200
230,200
.
Guaranty fund
...
.
Surplus
Bills payable for
money borrowed
Due on uncompleted loans
Dividends on matured share
cates
.
Dividends on paid-up share
cates
certifi-
.
.
2,877 50
.
$3,015,178 67
Membership
Serial Shares
hdrawn during year
feited during year
tured during year
res in force
res now pledged
v series issued in
.
4,327 50
.
certifi-
$3,015,178 67
led during year
52,642 15
25,000 00
37,671 76
.
....
10,561
5,229
Members
Members who
68
921
40,114
Holders
16,157
of
:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share certificates
3,013
829
.
2,758
273
173
.
February, Mi ly, August, No-
ember.
Profits Distributed
First term,
Unmatured Shares
1)4%; second term, 1}4%;
1H%;
1^%.
fourth term,
Matured and Paid-up Share
First term,
1M%;
\%%\
second term,
fourth term,
Certificates
1%%;
third term,
1H%-
portion of profits retained on voluntary withdrawals, 25% on series less than 4 years old;
none.
* Security Committee.
third term,
after 4 years,
4
P.D.
715 real
estate
8,
Part
II]
Rates and Averages on Loans
loans (average, $4,009 each; average rate, 6.46%) 5%, $6,100; 5?^%, $2,550; 6%, $188,05
:
63^%, $2,669,900.
110 share loans (average, $436 each; average rate, 6.49%): 6%, $480;
4 loans on matured share certificates: 6J^%, $1,850.
6H%,
$47,512.
Total Expenses for Year
$945.47
$634 19
Other
Expenses
$3,153.09
.31
.21
1.05
Rent
Salaries
Amount paid
$10,187.49
3.38
for .
per $1,000 of assets
Cost
Advertising
.
Total
$14,920.2
4.9
ATHOL — ATHOL CO-OPERATIVE BANK
Incorporated July
1,
1889.
Began business July
15,
William G. Lord, President
1889
Alice V.
Goodnow, Treasun
Board of Directors: C. F. Amsden*, A. E. Caswell, R. L. Dexter, W. L. Edgar, H. C. Fay, L. B. Fay, Ali(
V. Goodnow, G. C. Longley, F. W. Lord, G. F. Lord, W. G. Lord*, Simon MacKay, F. S. Parmenter
1
W. W. Woodward,
E. L. Worrick.
Regular meeting for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
....
....
....
.....
....
on real estate
on shares
on matured share certificates
on paid-up share certificates
Real estate by foreclosure,
Banking house
Unpaid
.
etc.
interest
Furniture and fixtures
Taxes paid
Due from
$1,319,750
33,395
10,225
530
3,068
30,000
3,165
2,273
00
00
00
00
40
00
09
18
30 20
companies and na-
trust
17,
tional banks
Cash and cash items
....
....
....
Dues
capital
Profits capital
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
Due on uncompleted loans
Overs and shorts
Dividends on matured share
.
.
.
.
.
.
Forfeited during year
....
Matured during year
Shares in force
Shares now pledged
New
series issued in
February,
28 4
5,838
Dividends on paid-up share
3
certifi-
cates
1,832 5
$1,460,033
4
Membership
3,166
1,406
.
1,526
cates
53,980 06
3,616 56
Serial Shares
Issued during year
$647,120
124,138 8
484,800
146,600 Q
25,338 5
22,810 6
certifi-
$1,460,033 49
Withdrawn during year
1927
Liabilities
350
473
14,460
7,902
....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
.
1,53
72
.
1,28
32
certificates
12
Maj t, August, No-
vember.
Profits Distributed
Unmatured Shares
First term,
1%%;
1%%;
second term,
fourth term, 1"
1%%\
Matured and Paid-up Share
Certificates
1M%;
second term, lj4%> third
fourth term, 1^%-
First term,
1M%;
third tern
Proportion of profits retained on voluntary withdrawals,
50%
tern
of last dividend.
Rates and Averages on Loans
859 real estate loans (average, $1,536 each; average rate, 6%): 6%, $1,319,750.
306 share loans (average, $109 each; average rate, 6%): 6%, $33,395.
23 loans on matured share certificates: 6%, $10,225.
3 loans on paid-up share certificates: 6%, $530.
Total Expenses for Year
Salaries
Amount paid
for
Cost per $1,000
.
of assets
$2,532.00
1.73
Rent
$2,036.05
1.39
* Security Committee.
Advertising
$78.84
.05
Other
Expenses
$2,823.43
1.93
Total
$7,470.3
5.1
P.D. 8, Part III.
5
ATTLEBORO — ATTLEBOROUGH CO-OPERATIVE BANK
Incorporated July 18, 1892.
Began business August
17,
Solomon B. Jacobs, President
1892
Herbert F. Conant, Treasurer
3oard of Directors: M. F. Ashley*, C. J. Brigham, A. N. Brownell, H. E. Carpenter, W. A. Cunningham,
Joseph Finberg, T. E. Fuller, E. D. Gilmore, S. B. Jacobs*, Joseph Kerkhoff, J. B. Moulton, E. A. Remington, F. L. Torrey*, R. L. Torrey.
Regular meeting for the receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
19, 1927
Liabilities
$620,782 00
13,317 00
5,925 00
2,000 00
1,065 00
3,190 56
90 41
1,138 45
Loans on real estate
Loans on shares
Loans on matured share certificates
CLoans on paid-up share certificates
Common form mortgages
....
[Unpaid interest
Unpaid fines
Temporary expense account
Due from trust companies and national banks
Cash and cash items
....
Dues
capital
Profits capital
$279,984
54,938
220,400
55,800
11,330
8,168
Matured share
certificates
share certificates
Paid-up
Guaranty fund
Surplus
Interest
Fines
....
13,021
Withdrawal
5,274 25
4,447 95
profits
Bills payable for money
Due on uncompleted
borrowed
.
loans
$657,230 62
$657,230 62
Membership
Serial Shares
Issued during year
Withdrawn during year
Matured during year
1,085
Shares in force
iShares now pledged
5,971
3,968
New series
198
88
12,500
800
00
00
00
00
92
95
78
95
02
00
00
387
201
Members
Members who
Holders
of:
Unmatured shares
Matured share certificates
Paid-up share
issued in January, July.
731
318
— are borrowers
583
226
49
certificates
Profits Distributed
Unmatured Shares
2%%;
First term,
second term,
2%%.
Matured and Paid-up Share
First term,
2^%;
Certificates
second term, 2}i%.
Proportion of profits retained on voluntary withdrawals, 25%.
357
67
10
2
Rates and Averages on Loans
average rate, 6%): 6%, $620,782.
loans (average, $199 each; average rate, 6%): 6%, $13,317.
on matured share certificates: 6%, $5,925.
on paid-up share certificates: 6%, $2,000.
real estate loans (average, $1,739 each;
share
loans
loans
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
AVON
Salaries
Rent
Advertising
$1,800.00
2.74
$356.53
$105.50
.54
.16
— AVON
Began business March
4.61
5,
1914
Arthur A. MacDonald, Treasurer
Benjamin F. Hunt, President
J. J. Collins,
Total
3,031.98
CO-OPERATIVE BANK
Incorporated February 24, 1914.
Board of Directors:
Other
Expenses
$769.95
1.17
E. C. Crane, F. W. Crane, J. T. Dplan*. J A. GiU J A Gilligan, B. F Hunt,
A. A. MacDonald, P. E. McGonnigle, F. P. McNiff*. D. A. Nelson*,
W. W. Littlefield, W. P. Lorch,
W. S. Reynolds, R. H. Sheehan.
Regular meeting for receipt of moneys the
first
* Security Committee,
Thursday
of each
month.
,
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share
Cash and cash items
Part III.
8,
1927
6,
Liabilities
$207,750 00
2,930 00
400 00
430 08
certificates
....
....
....
Dues
capital
Profits capital
$126,591 00
25,799 16
42,800 00
1,000 00
1,830 69
929 24
1,881 59
59 60
50
68 30
4,600 00
5,950 00
Matured share
certificates
share certificates
Paid-up
Guaranty fund
Surplus
.....
Interest
Fines
Transfer fees
Withdrawal
Bills
Due
.
.
.
profits
payable for money borrowed
on uncompleted loans
$211,510 08
$211,510 08
Membership
Serial Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares, now pledged
New
series issued in
763
251
235
....
Members
Members who
Holders of
:
— are borrowers
Unmatured shares
Matured share certificates
2,747
1,213
March, September.
276
115
.
264
31
.
Paid-up share certificates
2
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
Matured Share
First term,
2%%;
3%.
Certificates
second term,
2%%.
Paid-up Share Certificates
First term, 2^%; second term, 2J^%.
25%
Proportion of profits retained on voluntary withdrawals,
none.
on
than 7 years old; after 7 years,
series less
Rates and Averages on Loans
97 real estate loans (average, $2,141 each; average rate, 6%): 6%, $207,750.
17 share loans (average, $172 each; average rate, 6%): 6%, $2,930.
1 loan on matured share certificates: 6%, $400.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
.
Other
Expenses
$104.65
Advertising
Salaries
$3.27
$287.50
1.36
.49
.01
Total
$395 42
1.86
.
BARNSTABLE — HYANNIS CO-OPERATIVE BANK
Incorporated
Thomas
March
11, 1925.
Began business April
18,
1925
Carl B. Mayo, Treasurer
Otis, President
Board of Directors: Louis Arenovski*, J. R. Baxter, Chester Bearse, J. C. Bearse, R. H. Bodman, E. S. Bradford*, M. G. Bradford, John Bursley, C. M. Chase, E. T. Chase, W. B. Chase*, M. H. Crocker, W. I.
Fuller*, E. C. Hinckley, J. E. Hinckley*, J. A. Holway, J. ,M. Leonard, E. W. Lovell, E. F. Maher, C. B.
Mayo, P. T. Morin, J. A. Nickerson, 2d, Thomas Otis*, J. G. Sears, F. G. Thacher*.
Regular meeting for receipt of moneys the third Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
Loans on real estate
Loans on shares
Furniture and fixtures
Temporary expense account
Due from
tional
trust companies
banks
15,
1927
Liabilities
$143,225
3,836
150
43
00
00
00
25
Dues capital
Profits capital
.
Paid-up share
certificates
Forfeited share account
....
....
.....
.
Guaranty fund
and na6,503 63
Surplus
Interest
Fines
Due on uncompleted
Security committee
$153,757 88
* Security Committee.
loans
$120,954 00
8,401 66
14,800 00
459 85
547 10
402 76
647 01
25 50
7,500 00
20 00
$153,757 88
>.D. 8, Part III.
Serial Shares
Membership
....
....
....
.....
....
ssued during year
Vithdrawn during year
forfeited during year
1,232
748
54
5,262
Shares in force
964
Shares now pledged
\Tew series issued in January, April, July, October.
......
...
—
Members
Members who
Holders of
:
Unmatured
542
60
are borrowers
....
...
shares
Paid-up share
533
20
certificates
Profits Distributed
Unmatured Shares
1~A%; second term, VA%;
1V2 %.
First term,
1%%;
Paid-up Share
Certificates
First term,
1M%;
third term,
fourth term,
134%; second term,
fourth term, !}£%.
1M%;
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
$3,331 each; average rate, 7%): 7%, $143,225.
share loans (average, $226 each; average rate, 7%): 7%, $3,836.
\3 real estate loans (average,
\7
Total Expenses for Year
Amount paid
for
lost per $1,000 of assets
.
.
Salaries
Advertising
$75.00
$182.35
1.18
.49
.
Other
Expenses
$204.01
Total
$461.36
3.00
1.33
BELMONT — WAVERLEY CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: State Street Trust Company, State and Congress streets, Boston; 261 Belmont Street and 102 Trapelo Road, Belmont)
Incorporated April
4,
1896.
Began business April
13,
1896
Irving F. Munroe, Treasurer
John P. Bradbury, President
Board of Directors: Samuel Alcock*, W. F. Beetle,
G. O. Gustin, F. H. Kendall, J. R. Logan*, G.
Weymouth, A. D. Whitcomb, U. S. Young.
J.
S.
R. Benton, J. P. Bradbury, A. E. Corbett, J. W. Flett,
Lovejoy, I. F. Munroe, F. E. Poor*, A. L. Taylor, G. L.
Monday
Regular meeting for receipt of moneys the second
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
,518,750 00
...
.
46,730 00
5,100 00
1,450 00
25,000 00
Temporary expense account
Due from trust companies and na
banks
Cash and cash items
1,374 28
....
....
....
Dues capital
Profits capital
Matured share
633 90
.
$1,593,793
368,244
405,800
272,200
50,217
35,306
12,340
162
53
15,300
100
certificates
Paid-up share certificates
Guaranty fund
Surplus
Interest
154,481 08
tional
-
10, 1927
Liabilities
Fines
.
.
.
Withdrawal profits
Due on uncompleted loans
Application fees
Membership
Serial Shares
Issued during year
11,505
5,856
4,321
'
Shares in force
30,978
Shares now pledged
14,209
New series issued in January, April, July, October.
.
.
.
.
51
56
76
00
00
$2,753,519 26
$2,753,519 26
Withdrawn during year
Matured during year
00
89
00
00
97
57
.
.
....
—
Members
Members who
Holders
of
:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
2,428
686
.
2,130
296
244
.
certificates
Profits Distributed
Unmatured Shares
First term,
l%%;
second term,
lVs%; fourth term,
1
A%;
\ Z
A%.
Matured and Paid-up Share
First term,
l%%;
third term,
S
second term,
Certificates
1M%;
1%%; fourth term, \ A%.
25% on series less than 4 years old;
third term,
X
Proportion of profits retained on voluntary withdrawals,
from 4 to 8 years old; after 8 years, none.
* Security Committee.
12
Y%
2
on
series
P.D.
553
189
23
2
8,
Part III.
Rates and Averages on Loans
real estate loans (average, $4,555 each; average rate, 6%): 6%, $2,518,750.
share loans (average, $247 each; average rate, 6%): 6%, $46,730.
loans on matured share certificates: 6%, $5,100.
loans on paid-up share certificates: 6%, $1,450.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$8,663.86
3.14
.
Other
Expenses
Advertising
L.311.21
.48
$1,231.96
Total
$2,994.12
1.09
.45
$14,201.15
5.16
BEVERLY — BEVERLY CO-OPERATIVE BANK
Incorporated August 25, 1888.
Began business September
18,
George P. Brown, President
1888
Charles F. Lee, Treasurer
Harrie L. Ober, Assistant Treasurer
Board of Directors: F. E. Alger, G. P. Brown*, Samuel Cole, F. I. Cressey, J. F. Hill, C. F. Lee, Thomas Lund,
C. E. Ober, H. L. Ober, R. P. Pope, John Prince, L. P. Stanton, E. S. Webber*, H. W. Woodberry.
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
.....
.
00
00
00
00
60 20
14,000 00
$3,299,500
65,790
12,920
1,140
Temporary expense account
Insurance and taxes paid
Due from trust companies and national
....
banks
1927
Liabilities
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid fines
Furniture and fixtures
18,
....
Dues capital
Profits capital
Paid-up
certificates
share certificates
Forfeited share account
....
....
.
Guaranty fund
1,171 57
Surplus
367 92
Interest
Transfer fees
33,177 70
00
82
00
00
00
66
64
39
25
83
00
00
27 80
$1,838,518
339,979
727,800
339,200
32
60,463
56,709
25,307
3
185
30,000
9,900
Matured share
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Personal accounts
Bills
.
$3,428,127 39
$3,428,127 39
Membership
Serial Shares
Issued during year
Forfeited during year
8,917
5,191
123
Matured during year
Shares in force
Shares now pledged
40,486
18,959
Withdrawn during year
.
....
New
series issued in
Members
Members who
.
Holders
of:
.
.
— are borrowers
Unmatured shares
Matured share certificates
735
Paid-up share
3,768
1,236
.
.
3,336
554
316
.
certificates
March, September.
Profits Distributed
Unmatured Shares and Matured Share
2%%;
First term,
2>£%; second term, 2J4%-
second term,
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
25% on
series less
Certificates
2%%.
First term,
Certificates
than 4 years old; after 4 years,
Rates and Averages on Loans
1,001 real estate loans (average, $3,296 each; average rate, 5.99%): 5^%, $79,250;
227 share loans (average, $290 each; average rate, 6%): 6%, $65,790.
18 loans on matured share certificates: 6%, $12,920.
5 loans on paid-up share certificates: 6%, $1,140.
6%,
$3,220,250.
Total Expenses for Year
,104.76
$1,876.34
$487.61
Other
Expenses
$4,810.22
2.36
.55
.14
1.40
alaries
Amount
paid for
Cost per $1,000 of assets
.
Rent
* Security Committee.
Advertising
Total
$15,278.93
4.45
.D. 8, Part III.
9
BOSTON — ANDREW SQUARE CO-OPERATIVE BANK
DORCHESTER AVENUE (SOUTH BOSTON DISTRICT)
632
Incorporated January 23, 1919.
;anley
W.
Began business April
Wisnioski, President
1,
1919
Chester F. Dlugokecki, Treasurer
>ar& of Directors: Stefan Blaszkiewicz, John Borkowski, C. F„ Dlugokecki, Roman Kalnicki, John Kordaszewski, Michael Lisowski, Anthony Nadolny, John Stemplewski*, Vincent Skonieczny,* John Uminski,
Hipolit Warshewski, S.
W.
Wisnioski, Joseph Wojdenski, Stanley Zdonek*, H.
Regular meeting for receipt of moneys the third
Monday
of each
Ziolkowski.
J.
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
17, 1927
Liabilities
oans on real estate
oans on shares
emporary expense account
$55,200 00
5,400 00
70 61
.
from trust companies and national banks
ash and cash items
Dues capital
Profits capital
Paid-up share
certificates
Forfeited share account
'ue
1,860 93
3,556 79
.
$52,742
6,498
6,000
128
.
.
Guaranty fund
265
Surplus
168
279
4
Interest
Fines
....
$66,088 33
$66,088 33
Membership
Serial Shares
3sued during year
Withdrawn during year
orfeited during year
00
38
00
70
64
97
96
68
628
393
.
1
hares in force
1,805
hares now pledged
501
few series issued in January, April, July, October.
......
Members
Members who
Holders
of:
— are borrowers
....
Unmatured shares
Paid-up share
.
certificates
207
38
196
14
Profits Distributed
Unmatured Share
First term,
lYs%; fourth term,
First term,
1M%;
Certificates
1J€%; second term, 1}£%;
third term,
1H%-
Paid-up Share Certificates
second term, 134%; third term,
1M%;
fourth term,
1M%-
roportion of profits retained on voluntary withdrawals, 25% on series less than 2 years old; after 2 years,
none.
Rates and Averages on Loans
6%): 6%, $55,200.
6%, $5,400.
loans (average, $2,905 each; average rate,
9 share loans (average, $284 each; average rate, 6%):
9 real estate
Total Expenses for Year
mount paid
for
ost per $1,000 of assets
.
Salaries
Rent
$344.00
5.21
$180.00
2.72
Other
Expenses
$137.64
2.08
Total
$661.64
10.01
BOSTON — AUSONIA CO-OPERATIVE BANK
44
Incorporated
ester
November
SCHOOL STREET
22, 1923.
Began business November
26, 1923
Leo
R. Dingwell, President
S.
Hamburger, Treasurer
oard of Directors: E. A. Bossi, L. R. Dingwell, Catherine M. Ford, W. S. Gurash*, J. F. Hamburger, L. S.
Hamburger, V. E. Mazzucchelli*, G. S. Parker, J. H. Sheeran, Lawrence Varnerin*, A. R. White.
Regular meeting for receipt of moneys the fourth
* Security Committee.
Monday
of each
month.
10
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
tional
....
....
banks
and na-
24, 1927
Dues
capital
Profits capital
30,773 00
.
Paid-up share
1,978 98
2,324
1,800
120
115
27
00
00
86
325 35
certificates
Forfeited share account
....
.
Guaranty fund
Surplus
Dividends on paid-up share
certifi
cates
22 50
$35,480 98
$35,480 98
Membership
Serial Shares
....
....
....
.....
....
Issued during year
Withdrawn during year
Forfeited during year
Shares in force
Shares now pledged
New series issued in February,
III.
i
$30,500 00
2,857 00
145 00
Furniture and. fixtures
trust companies
Part
Liabilities
Loans on real estate
Loans on shares
Due from
8,
465
194
37
1,334
292
......
...
Members
Members who
Holders
of:
124
22
— are borrowers
....
...
Unmatured shares
Paid-up share
vember.
124
3
certificates
May, August, No-
Profits Distributed
First term,
1M%;
Unmatured Shares
\\i%; second term, 1M%;
fourth term,
third term,
1H%-
Paid-up Share Certificates
Third term, 1}4%; fourth term, 1%%Proportion of profits retained on voluntary withdrawals, 20%.
Rates and Averages on Loans
12 real estate loans (average, $2,542 each; average rate, 6%): 6%, $30,500.
10 share loans (average, $286 each; average rate, 6%): 6%, $2,857.
Total Expenses for Year
Amount
Other
Expenses
$106.46
3.00
paid for
Cost per $1,000 of assets
.
Total
$106.46
3.00
BOSTON — BACK BAY CO-OPERATIVE BANK
146
SUMMER STREET
(Other authorized locations for receipt of moneys; 222 Boylston Street and 83 Massachusetts]
Avenue, Boston)
Incorporated March 18, 1919.
Began business April
1,
1919
Hugh
Allen Curtis, President
P. Duffill, Treasurer
Elsie R. Duffill, Assistant Treasurer
Board of Directors: Allen Curtis*, E. L. Davis*, H. P. Duffill*, W. A. Fleming, C. F. Fowler, Catherine Gannon,
G. F. Garrity*. G. E. Irving, R. H. Leland, H. R. Lowd*, J. B. Otterson, E. H. Scheid, J. E. Tonry.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
.....
....
Loans on real estate
Loans on shares
Furniture and fixtures
Temporary expense account
Overs and shorts
Other assets
Due from
trust companies
banks
Cash and cash items
tional
12, 1927
Liabilities
$655,050 00
12,079 00
700 00
355 49
8 20
1,585 00
and na-
Dues
capital
Profits capital
.
Paid-up share certificates
Guaranty fund
Surplus
Interest
Fines
44,057 94
280 34
.
....
Withdrawal
Bills
.
.
profits
payable for money borrowed
Due on uncompleted loans
Personal accounts
Dividends on paid-up share
.
cates
$714,115 97
* Security Committee.
$476,442 00
102,170 53
69,600 OC
3,478 7£
6,040 7£
3,481 94
51 14
17 2*
15,000 0(
36,960 0(
3 5(
certifi
870
0(
$714,115
9:
„
p
>.D. 8,
Part III.
11
Membership
Serial Shares
isued during year
Withdrawn during year
orfeited during year
6,303
1,404
.
92
......
—
Members
Members who
Holders
of:
are borrowers
Unmatured
9,742
lares in force
hares now pledged
3,709
,ew series issued in January, April, July, October.
shares
Paid-up share
.
.
.
.
.
.
.
.
.
.
certificates
721
159
691
35
Profits Distributed
Unmatured Shares
First term,
1H%;
1}4%; second term,
\Y2 %.
1M%;
20%
third term,
Paid-up Share Certificates
second term, \\i%\ third term,
1%%;
First term,
roportion of profits retained on voluntary withdrawals,
A%\
\X
fourth term,
fourth term,
on
1M%-
than 5 years old; after 5 years
series less
none.
>.6
Rates and Averages on Loans
average rate, 6.47%): 6%, #$64,700; 63^%, $563,000; 7%, $27,350.
$327 each; average rate, 6.35%): 6%, $3,609; 6>£%, $8,400; 7%, $70.
real estate loans (average, $5,198 each;
W share
loans (average,
Total Expenses for Year
Rent
Salaries
mount paid
2,256.16
for
ost per $1,000 of assets
.
.27
.70
3.16
$354.46
Other
Expenses
$1,009.58
1,118.47
.50
1.41
5.77
Advertising
Total
BOSTON — BELLEVUE CO-OPERATIVE BANK
1882
Ither
CENTRE STREET (WEST ROXBURY DISTRICT)
authorized locations for receipt of moneys: Roslindale Branch of First National Bank of
Boston and National Shawmut Bank, [Citizens Branch], Summer Street, Boston)
Incorporated December 15, 1920.
Began business January
1921
17,
Edward Fruh,
irold R. Duffie, President
Treasurer
ard of Directors: J. E. Aitken, J. H. Braley, L. S. Breed, T. P. Buckley, A. W. Clark, J. H. Dearborn, L. J.
Dickey, H. R. Duffie, Richard Duffie*, Frank East, R. T. Fowler*, Albert Fruh, Edward Fruh, C. H.
Gilman, J. M. Graham, C. L. Havey, J. F. Henderson, J. T. Hosford*, P. E. Maw, G. C. McClellan, T. J.
McLaughlin, W. T. McLaughlin, W. R. Messer, J. H. Mulhern, F. H. Newton, C. A. Noyes, J. A. Price,
A. J. Robinson, F. T. Towle, I. H. Ward, J. A. Whittemore, Jr., G. S. Williams, R. G. Wilson, Jr.
Regular meeting for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
ans on real estate
ans oh shares
mporary expense account
$394,600 00
13,780 00
63 53
from trust companies and national banks
,sh and cash items
le
.
17,
....
Dues capital
Profits capital
00
52
00
00
2,713 57
$321,235
41,988
40,600
239
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
.-.-,...
.
3,533 01
.
678 97
....
.....
Fines
2,953 13
2,196 66
.
.
Interest
42
34
550
102
Withdrawal profits
Due on uncompleted loans
Security committee
Membership
Serial Shares
.....
....
.....
....
ued during year
Ithdrawn during year
Members
Members who
i
Holders
3,041
1,507
ires in force
9,314
hres now pledged
2,479
w series issued in January, April, July, October.
;
|
56
57
00
50
$412,655 51
$412,655 51
.
1927
Liabilities
of
:
— are borrowers
694
117
.
Unmatured shares
Paid-up share
668
34
certificates
Profits Distributed
Unmatured Shares
First term, \
1%%;
A%;
%
second term,
fourth term,
1%%.
Paid-up Share
>portion of profits retained
on voluntary withdrawals,
1%%;
Certificates
First term,
1H%', second term, 1%%',
1M%;
1M%-
fourth term,
20% on series less than 5 years old;
* Security Committee.
third term,
third term,
after 5 years, none.
12
P.D.
8,
Part
III.
Rates and Averages on Loans
average rate, 6%): 6%, $394,600.
$394 each; average rate, 6%): 6%, $13,780.
82
real estate loans (average, $4,812 each;
85
share loans (average,
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$1,090.00
2.64
.
Other
Expenses
$377.47
Advertising
$474.98
1.15
$219.47
.53
.92
Total
$2,161.92
5.24
BOSTON — BOSTON CO-OPERATIVE BANK
S3
STATE STREET
Incorporated April 30, 1888.
Albert
Goodman,
May
Began business
2,
1888
Herbert F. Taylor,
President
Jr.,
Treasurer
Irene C. Nilson, Assistant Treasurer
Board of Directors: W. L. Baker, R.
franchi, Albert Goodman, H. H.
I.
Carney*, W. E. Cunningham*, H. B. Estabrook, Ferdinand GianR. Hope, C. H. Johnson*, W. L. Kelt, A. W. Quennell, H. F.
Hill, J.
Taylor, Jr.*.
Regular meeting for the receipt of moneys the
first
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
Unpaid
Unpaid
$6,794,750 00
101,360 00
25,990 00
500 00
00
57
08
42
920 49
7,500
20,247
24,621
2,347
....
interest
fines
Insurance and taxes paid
Due from trust companies and na
....
Dues
capital
Profits capital
Matured share
Paid-up share
certificates
certificates
Forfeited share account
....
.
Guaranty fund
Surplus
Due on uncompleted
Personal accounts
loans
.....
.....
.
Dividends on matured share
banks
Cash and cash items
322,349 10
25,820 30
tional
cates
Dividends on paid-up share
cates
.
Forfeited during year
.
.
Shares in force
Shares now pledged
series issued in
14
44
14
00
63
43,243 75
certifi
2,920 00
Membership
Issued during year
New
00
86
00
00
$7,326,405 96
Serial Shares
Matured during year
$3,045,185
635,972
3,145,000
233,600
1,642
102,311
61,765
54,600
165
certifi-
$7,326,405 96
Withdrawn during year
1927
3,
February, May,
21,770
14,992
128
4,768
72,610
38,763
August, No.
......
Members
Members who
Holders of
:
— are borrowers
.
Unmatured shares
Matured share certificates
.
.
Paid-up share
vember.
.
.
certificates
6,881
1,607
4,707
2,184
173
Profits Distributed
Unmatured Shares and Matured Share
Certificates
First term, 1 7A&%', second term, l 7/f6 %; third term,
l 7/f6%; fourth term, 1^6 %.
Paid-up Share Certificates
second term, \%%\ third term
fourth term, 1M%-
A%\
First term, \ X
1M%;
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,859 real estate loans (average, $5,000 each; average rate, 6.06%): 5%, $94,300; 5%%, $7,000; 5^%,;
$17,400; 5%%, $13,500; 6%, $5,553,325; 6M%, $100,850; 6J^%, $1,001,425; &%%, $6,950.
289 share loans (average, $424 each; average rate, 6.08%): 5M%, $320; 6%, $89,500; 6^%, $7,690:1
6%%, $1,550; 7%, $930; 7M%, $100; 7^%, $100; 7%%, $90; 8%, $1,080.
32 loans on matured share certificates: 6%, $25,810; 6H%, $180.
1 loan on paid-up share certificates: 6%, $500.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$16,277.09
2.22
$4,824.89
$583.34
Other
Expenses
$10,218.17
.66
.08
1.39
Rent
* Security Committee.
Advertising
Total
$31,903. 4J:
4.35
:
t;
D
.D. 8, Part III.
13
BOSTON — BRIGHTON CO-OPERATIVE BANK
157
BRIGHTON AVENUE (ALLSTON DISTRICT)
Other authorized locations for receipt of moneys: 341 and 581 Washington Street, Brighton)
Incorporated
May
17, 1911.
Began business
May
22, 1911
ames T. Knowles, President
James H. Dalton, Treasurer
oard of Directors: Joseph Abbott, H. W. Askenasy, J. H. Dalton, J. H. Fitzpatrick, W. S. Fuller, Martin
Hays, J. T. Knowles*, G. H. McDermott, Assad Mudarri, H. K. Newhall, W. H. Parker*, H. S. Rowen,
W. H. Short, P. T. Sprague, D. H. Stewart, H. M. Thompson*, N. S. Waite, D. H. Wells.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
oans on real estate
oans on shares
Liabilities
,145,950 00
45,188 00
.
.
13, 1927
oans on matured share certificates
oans on paid-up share certificates
urniture and fixtures
1,025 00
1,800 00
5,917 87
ue from trust companies and na
tional banks
ash and cash items
....
....
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
20,682 90
;
493 96
Surplus
.
Due on uncompleted loans
Dividends on matured share
cates
.
.
.
.
.
.
.
.
.
.
.
2,139 99
.
certifi-
1,465 00
cates
$1,221,057 73
$1,221,057 73
Membership
Serial Shares
sued during year
|ithdrawn during year
p-feited during year
jatured during year
5,304
1,704
81
1,199
19,255
7,192
|
i'lares
in force
ijiares
now pledged
3W
series issued in
18
00
00
63
07
86
00
certifi.
.
Dividends on paid-up share
00
$759,320
131,830
177,400
116,200
218
12,363
9,475
10,645
Members
Members who
.
.
.
...
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders of
:
—
Paid-up share
1,443
477
1,392
148
109
certificates
February, May, August, No-
llvember.
Profits Distributed
Unmatured Shares
1%%; second term, \%%\ third term,
fourth term, l%%.
First term,
1%%;
Matured and Paid-up Share
First term,
1M%;
oportion of profits retained on voluntary withdrawals,
none.
25%
on
1%%;
second term,
fourth term,
series less
1%%.
Certificates
1M%;
third term,
than 5 years old; after 5 years,
Rates and Averages on Loans
average rate, 6.01%): 6%, $1,134,550; 7%, $11,400.
share loans (average, $180 each; average rate, 6%): 6%, $45,188.
loans on matured share certificates: 6%, $1,025.
loan on paid-up share certificates: 6%, $1,800.
real estate loans (average, $5,159 each;
Total Expenses for Year
aount paid for
st per $1,000 of assets
.
Salaries
Rent
$2,881.76
2.36
$2,590.36
2.12
* Security Committee.
$227.25
Other
Expenses
$2,313.17
3,012.54
.19
1.89
6.56
Advertising
Total
14
P.D.
8,
Part
III.
BOSTON — BUSINESS MEN'S CO-OPERATIVE BANK
20
PEMBERTON SQUARE
(Other authorized locations for receipt of moneys: Exchange Trust Company,
and 124 Boylston Street, Boston)
Incorporated July 21, 1920.
Albert
S.
Began business September
14,
Court
Street,
1920
Warren
Apsey, President
1
F. Freeman, Treasurer
Apsey, G. W. Apsey*, Jacob Bitzer, R. G. Boyd, W. F. Burnham,
W. S. Felton, C. F. Fitzgerald, W. T. A. Fitzgerald, W. F. Freeman*, W. F. Freeman, Jr.*, W. C. Gray,
L. L. Green, J. M. L. Groby, A. N. Hederstedt, J. G. Hickey, W. H. Keyes*, G. D. Kimball*, F. J. Low*
E. C. Mansfield, J. J. Martin, John McCloskey, E. A. Merriam, M. A. O'Leary, J. B. Richards, Bowen
Tufts, John Turner, D. R. Weedon, C. S. Whittier, F. F. Whittier.
Board of Directors: C. R. Adams*, A.
S.
Regular meeting for receipt of moneys the second Tuesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
11, 1927
Liabilities
Loans on real estate
Loans on shares
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account
Due from trust companies and na
tional banks
$214,550 00
3,590 00
4,985 00
1,394 91
304 16
Dues capital
Profits capital
.
$176,283
27,561
24,600
2,748
.
•
Paid-up share certificates
Guaranty fund
Surplus
Fines
.....
Withdrawal profits
Security committee
156 33
5 00
$240,611 68
$240,611 68
Membership
Serial Shares
....
....
615
Issued during year
Withdrawn during year
699
3,723
Shares in force
Shares now pledged
1,198
New series issued in March, June, September, December.
.
.
16
6,977 26
2,216 23
64 67
.
Interest
15,787 61
00
03
00
.
.
.....
—
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Paid-up share
229
50
.
.
.
219
27
.
certificates
Profits Distributed
First term,
1%%;
Unmatured Shares
/%%\ second term, 1%%; third
\ z
fourth term,
Paid-up Share
First term,
lX%i
Proportion of profits retained on voluntary withdrawals,
none.
20% on
Certificates
1J4%; second term,
1%%.
fourth term,
series less
term,
1%%.
1M%;
third term,
than 5 years old; after 5
years,
Rates and Averages on Loans
44 real estate loans (average, $4,876 each; average rate, 6.77%): 6^%, $98,750; 7%, $115,800.
6 share loans (average, $598 each; average rate, 6.80%): 6)4%, $1,690; 7%, $1,900.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$629 66
$4,52
2 61
1
Advertising
50
88
$95 .00
Other
Expenses
$226.03
39
.94
Total
$1,403.19
5.82
BOSTON — CHARLESTOWN CO-OPERATIVE BANK
t
9
CITY SQUARE (CHARLESTOWN DISTRICT)
Incorporated April 30, 1913.
Began business June
7,
1913
John Burke,
Charles S. Sullivan, President
Treasurer
J. L. Bowen*, John Burke, J. A. Carroll, S. B. Colbert, P. P. Coluci, J. J. Crowley, A.
Douglas*, J. F. Fitzgerald, M. C. Greeley, J. J. Harrington, C. E. Herlihy, P. H. McCormack* D.
McGillicuddy, P. C. McMahon, C. S. Sullivan, Elizabeth V. Sullivan, J. E. Visall, J. H. Wilson.
Board of Directors:
Regular meeting for receipt of moneys the
first
* Security Committee.
Saturday
of
each month;
J.
J.
P.D.
8,
Part
III.
15
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
tional
$390,250
9,480
310
550
242
907
....
ther assets
ue from trust companies
banks
Dues capital
Profits capital
00
00
00
00
55
35
$275,451
47,851
41,600
38,200
708
6,694
21,698
4,575
176
124
70
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Guaranty fund
and na
Surplus
35,410 30
.
Interest
Fines
Withdrawal profits
Security committee
$437,150 20
i
.
.
.
.
31
72
41
00
44
71
00
Membership
r
lares in force
lares now pledged
few series issued in
00
61
00
00
$437,150 20
Serial Shares
sued during year
ithdrawn during year
Drfeited during year
atured during year
1927
Liabilities
on real estate
on shares
on paid-up share certificates
and notes
emporary expense account
oans
oans
oans
onds
5,
j
1,924
1,374
Members
Members who
100
152
6,588
2,038
Holders of
:
633
169
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
589
32
33
certificates
March, June, September, De-
cember.
Profits Distributed
.
Unmatured Shares
134%; second term,
fourth term, IV2 %.
First term,
1M%;
Matured Share
third term,
Certificates
second term, l 31 /ioo% third term,
Aoo%; fourth term, l 32/ioo%.
First term, l 31 /ioo%
l 31
A%\
\X
;
;
Paid-up Share
First term,
1M%;
Certificates
\\i%\ second term, 134%;
third term,
1M%-
fourth term,
oportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old; 15% on series
from 4 to 5 years old; 10% on series from 5 to 6 years old; 5% on series from 6 to 7 years old; after
7 years, none.
Rates and Averages on Loans
5 real estate loans (average, $2,691 each; average rate, 6.47%): 6%, $26,500; 6J^%, $363,750.
5 share loans (average, $271 each; average rate, 6J^%): 63^%, $9,480.
6 loans on paid-up share certificates : 6J^%, $310.
Total Expenses for Year
Salaries
nount paid for
)st
$1,090.25
2.49
.
per $1,000 of assets
Rent
Advertising
$152.00
$139.49
.35
.32
Other
Expenses
$748.24
1.71
Total
J.129.98
4.87
BOSTON — CODMAN CO-OPERATIVE BANK
563
WASHINGTON STREET (DORCHESTER DISTRICT)
ther authorized locations for receipt of moneys: First National Bank, 1438 Dorchester Avenue,
and 555 Columbia Road, Dorchester, 417 Washington Street, Boston)
Incorporated June 15, 1920.
Began business June
16,
1920
Thomas
;nry S. Clark, President
Leavitt, Treasurer
ird of Directors: J. A. Anderson, T. H. Bilodeau, W. J. Buckner, F. L. Brier*, H. S. Clark*, A. H. Davison,
H. E. Eichel, R. C. Foster, William Jardine, Thomas Leavitt, H. D. MacRichie, J. C. McGee, R. J.
McNulty, J. F. Murray, C. H. Pike*, Charles Shulman, B. L. Walker, F. M. Weymouth.
Regular meeting for receipt of moneys the third Wednesday of each month.
* Security Committee.
16
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
.
.
.
Temporary expense account
Due from trust companies and nabanks
Cash and cash items
tional
.
Part III
19, 1927
Liabilities
....
Loans on real estate
Loans on shares
8,
.
.
.
.
.
.
.
.
Dues
$435,800 00
9,620 00
603 38
capital
Profits capital
$346,716 0i
47,725 2!
44,800
618 4
3,600 6:
8,189 9
5,008 7
124 5
.
Paid-up share
certificates
Forfeited share account
Guaranty fund
6,501 63
4,579 42
Surplus
Interest
Fines
Transfer fees
.
2
Withdrawal profits
Security committee
280 6
40 0i
$457,104 43
$457,104 4
Membership
Serial Shares
......
Members
Members who
Issued during year
3,008
Withdrawn during year
1,872
Forfeited during year
51
Shares in force
9,275
Shares now pledged
2,723
New series issued in March, June, September, December.
Holders of
:
— are borrowers
15
....
Unmatured
.
shares
Paid-up share certificates
85
5
Profits Distributed
Unmatured Shares
\y%%\ second term, 1%%;
First term,
1%%;
Paid-up Share
Certificates
1M%;
1}£%; second term,
fourth term, 1}£%.
First term,
1M%;
third tern
l%%.
fourth term,
'Proportion of profits retained on voluntary withdrawals,
third tern
20%.
Rates and Averages on Loans
111 real estate loans (average, $3,926 each; average rate, 63^%): 63^%, $435,800.
41 share loans (average, $234 each; average rate, 6.51%): 6)4%, $9,420; 7%, $200.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
2,088.07
$523.73
1.15
$96.00
4.57
Other
Expenses
$540.29
Total
$3,248.
1.18
.21
7.
BOSTON — CONGRESS CO-OPERATIVE BANK
80
Incorporated August
FEDERAL STREET
4,
1924.
Began business August
1924
11,
Arnold
Nicholas E. Peterson, President
S. Potter,
Treasur
Gilbert King, Assistant Treasurer
W.
B. Alexander, David Black*, Peter Boltz, Allan Brooks, D. L. Brown, Zenas Crocked
H. E. Cryan, G. R. Ericson, William Everett, A. B. Fletcher, G. W. Foster*, E. I
Gray, W. H. Haker*. Gilbert King, T. F. Lyons, R. A. Pease, N. E. Peterson*, A. S. Potter, James Rei<
Jr., R. M. Sanders, A. J. C. UnderhiU, D. C. White*.
Board of Directors:
Jr., J.
F. Crowley,
Regular meeting for receipt of moneys the second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure, etc.
Furniture and fixtures
Other assets
Due from trust companies and
tional banks
Cash and cash items
....
10, 1927
Liabilities
$318,700 00
10,120 00
11 50
407 16
315 07
28,886 37
50 00
Dues
....
....
capital
Profits capital
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
.
Surplus
Bills payable for
.
money borrowed
Due on uncompleted
loans
Dividends on paid-up share
cates
$358,490 10
* Security Committee.
.
$255,804
20,211
34,600
1,460
1,235
1,346
40,000
3,400
(
I
(
(
(
I
(
(
certifi
432
$358,490
i|
.
P.D.
8,
Part III.
17
Serial Shares
Membership
Issued during year
series issued in
Holders
239
Forfeited during year
Shares in force
Shares now pledged
New
Members
Members who
5,909
3,362
Withdrawn during year
of:
983
— are borrowers
113
Unmatured
12,543
2,395
shares
Paid-up share certificates
943
41
February, May, August, No-
vember.
Profits Distributed
Unmatured Shares
114%; second term, 1)4%',
fourth term, 1}4%.
First term,
1^%;
third term,
Paid-up Share Certificates
1%%; second term, l\i%\ third term,
fourth term, \\i%.
First term,
1M%;
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
69 real estate loans (average, $4,619 each; average rate, 6.95%) 6^%, $15,500; 6%%, $26,800; 7%, $276,400
44 share loans (average, $230 each; average rate, 6.87%): 6J^%, $2,595; 7%, $7,525.
:
Total Expenses for Year
Amount paid
for
Cost per $1,000 of assets
.
a
Salaries
Rent
Advertising
1,429.25
$823.68
2.30
$150.92
3.99
.42
Other
Expenses
Total
$1,409.02
3.93
$3,812.87
10.64
BOSTON — DORCHESTER CO-OPERATIVE BANK
SO
STATE STREET
it
(Other authorized locations for the receipt of moneys: Blue Hill National Bank, Milton;
Corner and Fields Corner Branches of First National Bank, Boston)
Incorporated August 21, 1890.
Walter
S.
Began business September
10,
Uphams
1890
Pinckney Holbrook, Treasurer
Fox, President
Board of Directors: Asaph Churchill*, W. S. Fox*, I. C. Hersey, Pinckney Holbrook*, E. E. Jobling, Edward
Lanning, R. D. Mossman*. G. S. Parker, J. H. Pierce*, N. W. Robinson*, C. W. Rollins, John Talbot*.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Temporary expense account
Insurance and taxes paid
Due from
trust companies
1,793,063 00
31,200 00
1,950 00
1,850 00
1,773 85
477 09
Dues capital
Profits capital
$1,098,340
205,390
369,400
189,200
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
6
117,380 00
125 82
Surplus
Interest
Fines
Withdrawal profits
Due on uncompleted loans
Security committee
$1,947,819 76
$1,947,819 76
Membership
Serial Shares
Issued during year
Withdrawn during year
00
85
00
00
00
65
00
50
74
7,821
38,350
15,065
18,224
231 21
319 81
5,300 00
170 00
Guaranty fund
and na
tfonal banks
Cash and cash items
12, 1927
Liabilities
5,460
3,901
22
Forfeited during year
747
Matured during year
23,832
Shares in force
10,118
Shares now pledged
New series issued in March, June, September, De
cember.
Members
Members who
2,016
— are borrowers
....
630
.
.
.
Unmatured shares
Matured share certificates
.
.
.
295
Paid-up share
.
.
.
147
Holders of
:
certificates
1,836
Profits Distributed
Unmatured Shares
First term,
1M%;
1Y»%\ second term,
fourth term,
1%%;
Matured and Paid-up Share
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
20%
on
* Security Committee.
1M%;
second term,
fourth term, 1M%-
First term,
series less
third term,
1%%.
Certificates
1M%;
third term,
than 4 years old; after 4 years,
—
18
P.D.
Rates and Averages on Loans
557 real estate loans (average ,$3,219 each; average rate, 5.98%): 53^%,
69 share loans (average, $452 each; average rate, 6%): 6%, $31,200.
4 loans on matured share certificates: 6%, $1,950.
8 loans on paid-up share certificates: 6%, $1,850.
6%,
5,265;
Part III
8,
$1,724,798.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$7,286.86
3.74
.
Advertising
$384.84
L.194.67
.61
.20
Other
Expenses
Total
$2,085.98
1.07
$10,952.35
5.62
BOSTON — DUDLEY CO-OPERATIVE BANK
WARREN STREET (ROXBURY
53
DISTRICT)
(Other authorized locations for the receipt of moneys: 50 Congress Street, Boston, and 1050 Dorchester Avenue, Dorchester)
Incorporated
March
29, 1922.
Began business April
10,
1922
John C. L. Dowling, Treasurer
C. Joseph Connell, President
J. B. Casey, J. B. Cassidy, F. W. Christopher, D. A. Cohen, R. V. Coleman*, C. J. Connell,
Crowley, T. J. Cudmore, J. C. L. Dowling*, V. A. Heath, Percy Loring*, J. D. Lucas, S. C. MclnF. J. Nash, P. N. Petrocelli, A. J. Post, D. F. Sennott*, F. F. Vogel*.
Board of Directors:
W.
J.
tire,
Regular meeting for receipt of moneys second
Monday
each month.
of
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
1927
10,
Liabilities
....
Loans on real estate
Loans on shares
Furniture and fixtures
Temporary expense account
Insurance and taxes paid
Other assets
Due from trust companies and national banks
.....
$293,700 00
8,285 00
450 00
223 17
26 74
5 81
Dues capital
Profits capital
Paid-up share certificates
Forfeited share account
416 02
1,908 57
1,966 31
1,092 83
65 41
7 60
2,600 00
2 80
5 31
7 74
225 56
24 91
.
Guaranty fund
Surplus
Interest
7,377 36
$243,860 00
27,285 02
30,600 00
.
Fines
....
Withdrawal profits
Due on uncompleted loans
Security committee
Personal accounts
.
Other liabilities
Overs and shorts
Due on foreclosure
.
sales
$310,068 08
$310,068 08
Membership
Serial Shares
Issued during year
1,939
2,228
178
Forfeited during year
7,319
Shares in force
2,280
Shares now pledged
New series issued in January, April, July, October.
Withdrawn during year
....
.
.
.
.
.....
Members
Members who
Holders
are borrowers
678
119
.
of:
Unmatured shares
Paid-up share
663
25
certificates
Profits Distributed
Unmatured Shares
First term, 1
1^%;
;
second term,
fourth term,
First term,
1M%;
%%
\%%.
1
%%
;
third term,
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
1^%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
71 real estate loans (average, $4,137 each; average rate, 6.50%): 6^%, $293,700.
49 share loans (average, $169 each; average rate, 6.49%): 6%, $100; 63^%, $8,185.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
* Security
Salaries
Rent
$1,845 60
$267.62
5.96
.86
Other
Expenses
$980.48
3.16
Total
$3,093.70
9.98
Committee.
I
i
P.D.
8,
Part III.
10
BOSTON
— EDWARD
EVERETT CO-OPERATIVE BANK
COLUMBIA ROAD (DORCHESTER DISTRICT)
699
Incorporated August
11, 1916.
Began business September
George V. Wattendorf, President
14,
1916
Joseph H. Liverman, Treasurer
Board of Directors: G. C. Ambrose, J. D. Diggin, N. C. Fielding, P. C. Frisbie, P. F. Gallahue*, Maurice Garfink, J. H. Liverman, T. J. Mahoney, J. J. McGrail, J. J. Meade, M. J. Norton*, W. L. Norton*, C. H.
O'Connor, F. M. Wattendorf, G. V. Wattendorf*, J. A. Williamson*.
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
....
....
....
Loans on real estate
Loans on shares
Unpaid interest
tional
trust companies
banks
....
....
....
Dues capital
Profits capital
76,450 00
10,452 00
86 00
163 00
Temporary expense account
Due from
13, 1927
$212,090
40,706
29,200
97
3,454
6,106
2,724
76
38
15
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
.
and na7,358 12
Interest
Fines
•
.....
Withdrawal profits
Security committee
$294,509 12
Membership
....
....
.....
....
1,049
Withdrawn during year
I
;
748
Shares in force
Shares now pledged
New
series issued in
13
00
$294,509 12
Serial Shares
Issued during year
00
42
00
00
30
93
98
36
4,742
1,801
Members
Members who
Holders
of:
—
394
95
are borrowers
Unmatured shares
March, June, September, De-
Paid-up share
379
26
certificates
cember.
I
Profits Distributed
Unmatured Shares
1%%; second term, 1%%', third term,
fourth term, 1%%.
First term,
1%%;
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
Paid-up Share Certificates
second term 1}£%; third term,
1M%;
1M%-
fourth term,
25% on
series less
than 6 years old; after 6 years,
Rates and Averages on Loans
64
real estate loans (average, $4,320 each;
average rate, 6.09%): 6%, $251,850; 7%, $24,600.
5J4%, $375; 6%, $10,077.
31 share loans (average, $337 each; average rate, 5.98%):
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
Salaries
Rent
$750.00
2.55
$300.00
1.02
$54.40
Other
Expenses
$186.37
L,290.77
.18
.63
4.38
Advertising
Total
BOSTON — ENTERPRISE CO-OPERATIVE BANK
271
MERIDIAN STREET (EAST BOSTON DISTRICT)
Incorporated
Eben Hutchinson,
March
31, 1888.
Began business April
3,
1888
Robert F. Jordan, Treasurer
President
Board of Directors: H. P. Abbott*, H. E. Bragdon, W. E. Carsley, W. E. Foster, N. W. Gifford, R. J. Gove,
F. P. Gurney, E. S. Haskell, F. A. Healey, Eben Hutchinson, R. F. Jordan*, W. T. Keough, John Marno*.
C. H. Packard, W. C. Smith.
Regular meeting for receipt of moneys the third Wednesday of each month.
* Security Committee.
—
.
20
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
.
.
.
Temporary expense account
Insurance and taxes paid
Due from trust companies and nabanks
Cash and cash items
tional
.
19, 1927
.
.
.
.
.
Dues capital
Profits capital
$2,057,375 00
79,475 00
820 49
144 79
Forfeited share account
Guaranty fund
Surplus
49,031 57
Interest
288 46
.
Fines
Transfer fees
borrowed
Security committee
$2,187,135 31
$2,187,135 31
Membership
Serial Shares
Issued during year
.....
Members
Members who
5,170
3,423
.
Forfeited during year
20
Matured during year
1,440
30,667
13,628
Shares in force
Shares now pledged
New
16
16
29
00
582 29
20,000 00
96 66
.
profits
Bills payable for money
00
75
00
00
$1,684,036
395,587
4
47,200
28,332
11,125
169
2
.
Withdrawal
Withdrawn during year
Part III.
Liabilities
....
....
Loans on real estate
Loans on shares
8,
Holders
are borrowers
2,424
909
.
of:
Unmatured
shares
2,424
Profits Distributed
series issued in April, October.
Unmatured Shares
First term,
3%; second
term,
3%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
790 real estate loans (average, $2,604 each; average rate, 6%): 6%, $2,057,375.
337 share loans (average, $236 each; average rate, 6%): 6%, $79,475.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
$504.87
Other
Expenses
$1,848.78
3,614.66
.23
.85
4.40
Salaries
Rent
Advertising
5,680.00
$581.01
3.05
.27
BOSTON — EUREKA CO-OPERATIVE BANK
Total
""f
936 TREMONT STREET
(Other authorized location for receipt of moneys: 559 Massachusetts Avenue, Cambridge)
Incorporated August
2,
1910.
Began business September
1,
1910
David E. Crawford, Treasurer
Robert A. Simmons, President
Board of Directors: D. E. Crawford*, J. O. Credle*, Walter Foster,
Lyons, Jr., A. C. Miller, J. P. Shelton*, R. A. Simmons*.
Regular meeting for receipt of moneys the
first
W.
O. Hemingway, Zacheus Layne, Phillip
Monday
of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
....
....
.
.
certificates
.
.
Temporary expense account
Due from trust companies and na.
banks
Cash and cash items
tional
.
1927
Liabilities
Assets
Loans on real estate
Loans on shares
Loans on paid-up share
3,
.
.
.
$15,467
2,551
100
10
08
75
00
00
.....
Dues capital
Profits capital
Matured share
certificates
Paid-up share certificates
Forfeited share account
Matured share account
....
....
.
4,676 92
179 91
.
Guaranty fund
Surplus
.
Interest
Fines
.
.
Withdrawal
.
profits
.
.
•
.
.
.
.
.
Other liabilities
Dividends on matured share
cates
.....
.....
Dividends on paid-up share
cates
727 81
577 90
219 42
11 24
23 81
126 10
certifi-
35 00
certifi-
5 00
$22,985 66
$22,985 66
* Security
$14,832 00
2,712 83
2,400 00
200 00
1,005 82
108 73
Committee.
—
P.D.
8,
21
Part III.
Membership
Serial Shares
105
143
89
Issued during year
Withdrawn during year
Forfeited during year
Members
Members who
Holders of:—
Unmatured shares
Matured share certificates
Matured during year
series issued in
.
.
383
193
Shares in force
Shares now pledged
New
...
...
...
are borrowers
Paid-up share
certificates
March, September.
.
70
34
67
.
3
1
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term, 2}4%) second term, 2 3^%; extra dividend
on all the above.
of
3%
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
than 5 years old; after 5 years,
series less
Rates and Averages on Loans
14 real
estate loans (average,
$1,105 each; average rate, 5.97%): 53^%, $3,000;
6%,
$10,867;
6H%,
$1,000;
7%,
$600.
19 share loans (average, $134 each; average rate,
share certificates: 6%, $100.
loan
on
paid-up
1
6%): 6%, $2,552.
Total Expenses for Year
Amount
Other
Expenses
$174.70
7.60
paid for
Cost per $1,000 of assets
.
Total
$174.70
7.60
BOSTON — FANEUIL CO-OPERATIVE BANK
598
WASHINGTON STREET (BRIGHTON DISTRICT)
(Other authorized locations for receipt of moneys: Room 1143, 18 Tremont Street, and 195 Massachusetts Avenue, Boston; Bank of Commerce and Trust Co., 21 Milk Street, Boston)
Incorporated April 10, 1916.
Began business
May
9,
1916
Thomas Bang,
Frederick T. Conley, President
Treasurer
Board of Directors: F. T. Conley, P. J. Donaghue, P. J. Donnellan, A. R. Frost*, F. F. Henderson, Thomas
King*, J. F. Kinney*, F. L. Maguire, W. J. O'Connor*, H. L. Young*.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Due from trust companies and national banks
Cash and cash items
.
.
.
....
.
.
.
11, 1927
Liabilities
.
.
.
$161,026 00
3,890 00
....
....
....
Dues capital
Profits capital
Paid-up share
11,844 58
400 00
.
$114,721 00
19,291 67
16,200 00
1,253 77
1,939 53
6,128 23
6,000 00
6,994 45
4,429 43
certificates
Forfeited share account
.
Guaranty fund
Surplus
Bills payable for
money borrowed
Due on uncompleted loans
Suspense
Dividends on paid-up share
cates
certifi
202 50
$177,160 58
$177,160 58
Membership
Serial Shares
....
.....
....
Issued during year
Withdrawn during year
Shares in force
Shares now pledged
New series issued in February,
.
.
.
.
970
514
3,097
1,107
....
Members
Members who
Holders
are borrowers
265
58
.
of:
Unmatured shares
May, August, No-
Paid-up share
250
21
certificates
vember.
Profits Distributed
Unmatured Shares
1^6%; second term, VX6 %;
1^6 %; fourth term, V/^%.
First term,
Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
* Security
25% on
series less
Committee.
Certificates
\\i%\ second term,
fourth term,
third term,
1M%.
1M%;
third term,
than 6 years old; after 6 years,
—
22
P.D.
8,
Part III.
Rates and Averages on Loans
51 real estate loans (average, $3,157 each; average rate, 6.59%): 6%, $9,526; 6K%, $110,700;
17 share loans (average, $229 each; average rate, 6.74%): 6^%, $2,025; 7%, $1,865.
7%,
$40,800.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$260.00
1.47
$660.00
3.72
Other
Expenses
$332.88
Total
$1,252.88
7.07
1.88
BOSTON — FARRAGUT CO-OPERATIVE BANK
236
K STREET (SOUTH BOSTON
Incorporated December 30, 1909.
DISTRICT)
Began business February
Guilford D. Brown, President
15,
1910
Theodore L. Kelly, Treasurer
Board of Directors: G. D. Brown*, Allan Campbell*, C. J. Collins, J. H. Corney, A. G. Hawley, T. L. Kelly,
H. T. Morse, J. C. Murphy, Richard Nason, M. J. O'Leary, P. F. Pfund, C. W. Pike*, E. J. Powers,
P. H. Raftery*, J. J. Rooney, E. R. Spinney*, E. H. Willey, A. R. Wood.
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
18, 1927
Liabilities
....
....
....
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Unpaid interest
Furniture and fixtures
Due from trust companies and national banks
Cash and cash items
$349,150
6,435
50
881
584
.
00
00
00
94
88
.....
....
Dues
Matured share
certificates
certificates
Paid-up share
Forfeited share account
.
Guaranty fund
10,000 00
10,360 23
Surplus.
.
.
.
Due on uncompleted
.
.
loans
Security committee
.....
.....
Dividends on matured share
cates
Dividends on paid-up share
cates
Seria
14
67
00
00
certifi-
1,229 25
certifi-
462 17
$377,462 05
$377,462 05
Membership
Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in Fe bruary,
00
08
00
00
74
$198,264
33,361
89,400
37,200
332
7,056
9,950
100
106
capital
Profits capital
1,342
988
51
55
5,008
2,238
May,
Aiigust,
Members
Members who
.
.
.
.
Unmatured shares
Matured share certificates
.
Holders
583
160
•
are borrowers
of:
Paid-up share
488
67
48
certificates
No-
vember.
Profits Distributed
Unmatured Shares and Matured Share
First term,
l%%i
\Y%%; second term,
fourth term,
1%%.
Paid-up Share
First term,
third term,
Certificates
\\i%\ second term,
1)4%', fourth term,
Certificates
1%%;
1M%;
third term,
1H%-
Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 20% on series
from 4 to 5 years old; 15% on series from 5 to 6 years old; 10% on series from 6 to 7 years old; 5%
on series 7 to 8 years old; after 8 years, none.
127 real
estate loans (average,
Rates and Averages on Loans
5J^%, $10,400; 6%, $94,350; 6}4%, $235,600;
$2,749 each; average rate, 6.35%)
:
7%,
$8,800.
51 share loans (average, $126 each; average rate,
1 loan on paid-up share certificates: 6%, $50.
6%): 6%, $6,435.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$960.00
2.54
$174.00
$172.94
Other
Expenses
$448.16
.46
.46
1.19
* Security Committee.
Advertising
Total
1,755.10
.
4.65
—
P.D.
8,
23
Part III.
BOSTON — FEDERAL CO-OPERATIVE BANK
79
MILK STREET
(Other authorized location for receipt of moneys: 547 Columbia Road, Dorchester)
Incorporated January 29, 1890.
Daniel L. Mahoney,
Eegan business February
J. C. Denning*, T. P. Feeney, J. F.
McGrath,
J.
J. J.
Sullivan*, J. L. Walsh, G. S. Winchester.
Board of Directors: T. J. Browne, J. F. Crowley,
P. Hanlon, D. L. Mahoney*, F. H. Maine,
L. J. Rouleau, E. P. Sullivan,
1890
6,
Thomas
President
J.
F.
Regular meeting for receipt of moneys the
W.
W.
McGann,
first
Thursday
of each
J.
Browne, Treasurer
Finn*, J. A. Galvin, C.
J. Quinn, G. P. Reed,
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
Unpaid interest
Due from trust companies and na
tional banks
Cash and cash items
6,
,152,500 00
21,695 00
3,750 00
900 00
455 00
6,519 97
4,800 28
.....
....
Dues capital
Profits capital
Guaranty fund
Surplus
.
.
.
Due on uncompleted
loans
Security committee
23,414 30
13,977 47
.....
.....
Dividends on matured share
cates
cates
5,678 75
certifi-
410 00
$1,228,012 02
Membership
Serial Shares
....
....
....
....
.....
....
Issued during year
Withdrawn during year
Forfeited during year
3,973
2,458
53
Matured during year
769
Shares in force
Shares now pledged
Members
Members who
14,019
6,901
1,303
are borrowers
423
Unmatured shares
Matured share certificates
1,140
Holders
of:
Paid-up share
304
29
certificates
February, May, August, No-
vember.
Profits Distributed
Unmatured Shares and Matured Share
1
A%;
S
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
estate loans (average,
Certificates
1%%;
second term, \Y%%\ third term,
fourth term, 1%%.
First term,
319 real
00
29
0C
00
28
70
00
00
certifi-
$1,228,012 02
series issued in
$602,891
117,116
413,400
32,800
20,197
18,455
17,000
63
Matured share certificates
Paid-up share certificates
Dividends on paid-up share
New
1927
Liabilities
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
fourth term,
25% on
series less
Rates and Averages on Loans
5%, $.
$3,613 each; average rate, 6.41%):
1M%-
than 4 years old; after 4 years,
1,600;
53^%, $43,540; 6%, $100,040;
6H%,
$1,003,320.
144 share loans (average, $151 each; average rate, 6%):
11 loans on matured share certificates: 6%, $3,750.
2 loans on paid-up share certificates: 6%,
6%,
$21,695.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
$3,772 12
.
.
3.07
Rent
Advertising-
$1,574.57
1.28
$388.18
.32
Other
Expenses
$2,211.44
1.80
Total
$7,946.31
6.47
BOSTON — FOREST HILLS CO-OPERATIVE BANK
3720
WASHINGTON STREET (FOREST HILLS DISTRICT)
(Other authorized locations for receipt of moneys: Bank of Commerce and Trust Company,
21 Milk Street, Boston, and Branch, 347 Centre Street, Jamaica Plain)
Incorporated
John
S.
March
20, 1914.
Began business April
H. Leard, President
23, 1914
Arthur C. Brady, Treasurer
Board of Directors: J. B. Archibald*, A. C. Brady, P. J. Brady, J. F. Cronin, J. W. Cullen, M. F. Deveney,
R. J. DonneUy, W. F. Donnelly, R. T. Fowler*, J. M. Graham, F. T. Kelley*, C. F. Kreppel, J. S. H.
Leard, T. F. Lockney, R. A. MacLellan*, W. T. McLaughlin*, C. C. Mitchell, W. F. Nolan, M. W. O'Brien,
J. W. Patterson, J. F. Shea.
Regular meeting for receipt of moneys the last Wednesday of each month.
* Security Committee.
—
24
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
26, "1927
Liabilities
on real estate
on shares
on matured share certificates
on paid-up share certificates
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash item
Part III.
8,
$992,900
17,734
2,375
8,200
516
00
00
00
00
99
65,593 10
810 47
....
Dues capital
Profits capital
$602,679
111,190
259,800
68,600
175
9,422
11,337
9,447
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
.
Guaranty fund
Surplus
Interest
5,132 10
121 52
Fines
Transfer fees
.
25
Withdrawal profits
Due on uncompleted loans
Security committee
108 46
9,775 00
340 00
$1,088,129 56
$1,088,129 56
Membership
Serial Shares
Issued during year
Forfeited during year
5,002
2,647
58
Matured during year
806
Withdrawn during year
....
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
Shares in force
Shares now pledged
New
00
84
00
00
00
43
58
38
15,306
5,757
series issued in January, April, July, October.
1,315
294
of:
Paid-up share
1,219
182
71
certificates
Profits Distributed
Unmatured Shares and Matured Share
%%
second term,
fourth term, l%%.
First term, 1
A%\
\ %
;
Paid-up Share
First term,
1%%;
Proportion of profits retained on voluntary withdrawals,
none.
20%
Y%%
Certificates
;
series less
third term,
Certificates
1J4%; second term, \}/i%\
fourth term,
on
1
third term,
1M%-
than 6 years old; after 6 years,
Rates and Averages on Loans
228 real estate loans (average, $4,355 each; average rate, 6%): 5J^%, $3,900; 6%, $989,000.
86 share loans (average, $206 each; average rate, 6%): 6%, $17,734.
5 loans on matured share certificates: 6%, $2,375.
5 loans on paid-up share certificates: 6%, $8,200.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
£3,188.33
$708.22
$27.05
2.93
.65
.02
Other
Expenses
Advertising
1
Total
1,482. 53
5,406.13
1.36
4.96
BOSTON — GERMANIA CO-OPERATIVE BANK
4
PARK STREET
(Other authorized location for receipt of moneys: Atlantic National Bank, 114 Dudley Street,
Roxbury
Incorporated October
3, 1885.
District)
Began business October
20, 1885
Paul
Joseph F. Wessling, President
J.
Dorr, Treasurer
Cecelia V. Wessling, Assistant Treasurer
Board of Directors: Valentine Baier* F. J. Braun, C. H. Dirksmeier*, P. J. Dorr*, J. P. Geishecker* J. C.
Hagelstein, T. P. Halligan, M. J. A. McDonald, E. J. O'Neil, J. V. Peard, J. F. Wessling*, H. A. Whelan.
Regular meeting for receipt of moneys the Wednesday after third Tuesday of each month.
* Security Committee.
—
P.D.
8,
Part
.
25
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
.
.
19, 1927
Liabilities
$2,380,250
39,150
8,700
1,675
1,367
Dues capital
Profits capital
00
00
00
00
99
$1,306,961
250,557
606,000
203,800
.
Matured share
certificates
certificates
Paid-up share
867
Forfeited share account
Guaranty fund
48,463
19,877
11,787
156
Surplus
29,952 81
9,318 05
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
00
27
00
00
32
32
98
54
96
50
315 14
21,626 82
$2,470,413 85
$2,470,413 85
Membership
Serial Shares
Issued during year
.....
Members
Members who
6,119
Withdrawn during year
4,572
Forfeited during year
98
764
Matured during year
Shares in force
27,431
Shares now pledged
13,552
New series issued in January, April, July, October.
Holders
are borrowers
2,462
780
.
of:
Unmatured shares
Matured share certificates
Paid-up share
2,263
463
.
164
certificates
Profits Distributed
Unmatured Shares
1%%;
First term,
1V8 %;
second term,
1%%.
fourth term,
Matured Share
Paid-up Share
lX%i
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
o\ third
term,
l 5/f6%;
third term,
Certificates
1J^%; second term,
1M%;
third term,
1M%-
fourth term,
series less
r
Certificates
First term, l b {(,%', second term,
15f6 %; fourth term, 1*6%.
First term,
1
than 5 years old; after 5 years,
Rates and Averages on Loans
607 real estate loans (average, $3,921 each; average rate, 5.88%): 5%, $292,850; 6%, $2,087,400.
148 share loans (average, $265 each; average rate, 6%): 5J^%, $50; 6%, $39,100.
21 loans on -matured share certificates: 6%, $8,700.
4 loans on paid-up share certificates: 6%, $1,675.
Total Expenses for Year
Salaries
Amount paid
5,207.97
for
Cost per $1,000 of assets
.
3.32
Rent
$87.45
Other
Expenses
$2,997.02
.04
1.21
Advertising
$2,868.01
1.16
Total
$14,160.45
5.73
BOSTON — GUARDIAN CO-OPERATIVE BANK
36
Incorporated July
Royal
S.
BROMFIELD STREET
2,
1886.
Began business August
Wentworth, President
6,
1886
William D. Eldredge, Treasurer
W. H. Bain, W. D. Eldredge*, G. R. Farrell, W. S. Fracker*, H. C. Hathaway, F. A.
Hinchcliffe, J. T. Kaler, P. B. Roberts, C. C. Swett*, F. C. Toward*, Joseph Uttley, R. S. Wentworth*,
F. A. Wyman, H. L. Young*.
Board of Directors:
Regular meeting for receipt of moneys the
* Security
;i
first
Committee.
Friday of each month.
—
.
26
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
8,
7,
Part
III.
1927
Liabilities
,940,000 00
35,500
8,750
2,300
3,427
2,923
188
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
tional banks
00
00
00
77
Dues capital
Profits capital
00
73
00
00
68
30
49
83
90
1,734 96
9 25
851 14
27,400 00
638 00
$958,991
181,606
558,600
167,000
135
98,363
43,500
46,951
49,440
.
Matured share
Paid-up
certificates
share certificates
13
Forfeited share account
Matured share account
70
Guaranty fund
Surplus
122,505 62
19,628 06
Cash and cash items
Interest
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Security committee
$2,135,223 28
2,135,223 28
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in June, December
5,342
2,903
40
Members
Members who
1,097
19,929
10,721
1,751
are borrowers
481
Unmatured shares
Matured share certificates
1,337
Holders
of:
Paid-up share
401
124
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
2%%;
First term,
2}i%; second term,
second term,
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
395
20%
on
series less
Certificates
2%%.
Certificates
2^%.
than 8 years old; after 8 years,
Rates and Averages on Loans
average rate, 6%): 5^%, $31,700; 6%, $1,897,300;
real estate loans (average, $4,911 each;
6H%,
$1,200;
7%,
$9,800.
127 share loans (average, $279 each; average rate, 6%):
12 loans on matured share certificates: 6%, $8,750.
2 loans on paid-up share certificates: 6%, $2,300.
6%,
$35,500.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
.
Advertising
Other
Expenses
Total
L112.13
$713.80
$275.34
$1,774.70
5,875.97
1.93
.33
.13
.83
3.22
BOSTON — HARVARD CO-OPERATIVE BANK OF DORCHESTER
378
WASHINGTON STREET (DORCHESTER DISTRICT)
Incorporated March
William
J.
7,
business April 12, 1911
1911.
Walter D. Loring, Treasurer
Downing, President
Board of Directors: T. S. Bell, J. C. Clark, J. F. Cooney, J. F. Cooper, F. P. Dannahy, W. J. Downing, W. J.
Drew, W. E. Elton*, H. K. Lambert, W. D. Loring, F. M. Marsh, W. E. McGerigle*, J. A. McMurry,
John Morton, Charles Ripley*, C. W. Rodgers, H. R. Stoddard, Abraham Trachtenberg, R. M. Walsh*,
L. A. Waterhouse*.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Unpaid interest
Unpaid fines
....
Temporary expense account
Due from trust companies and na
banks
Cash and cash items
tional
13, 1927
Liabilities
Assets
L,212,550 00
00
00
76
06
00
75
985 16
12,648
2,560
5,643
5,025
Dues capital
Profits capital
.
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
44,407 80
1,337 85
Fines
.
Withdrawal profits
Due on uncompleted loans
Security committee
$1,285,232 63
* Security Committee.
$533,740
92,876
482,600
129,400
41
16,886
13,154
6,577
143
120
9,576
116
00
79
00
03
00
49
98
28
39
45
25
00
$1,285,232 63
.
P.D.
8,
27
Part III.
Serial
Membership
Shares
5,669
Issued during year
3,475
Withdrawn during year
45
Forfeited during year
1,086
Matured during year
14,693
in
Shares
force
6,946
Shares now pledged
New series issued in January, April, July, October.
Members
Members who are borrowers
Holders of:—
Unmatured shares
301
....
Matured share
Paid-up share
.
1,369
certificates
certificates
.
.
.
.
.
.
.
.
.
1,020
351
103
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, ljHs%; second term, \ %/%%\ third term,
1H%;
fourth term,
1%%.
Paid-up Share Certificates
1M%; second term, 1%%; third term,
fourth term, \\i%.
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
253
20% on
series less
than 5 years old; after 5 years,
Rates and Averages on Loans
average rate, 6.45%): 5J^%, $35,300; 6%, $60,550; 63^%,
real estate loans (average, $4,792 each;
$1,116,700.
44 share loans (average, $287 each; average
4 loans on matured share ceritficates :
rate, 63^%): 6}^%, $12,648.
6J^%, $2,560.
Total Expenses for Year
Amount paid
for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
$4,090.00
3.18
$1,295.56
1.01
$102.50
$4,178.71
),666.77
.08
3.25
7.52
Total
BOSTON — HIGHLAND CO-OPERATIVE BANK
1109
COLUMBUS AVENUE (ROXBURY DISTRICT)
(Other authorized location for receipt of moneys: State Street Trust Company, Corner State and
Congress Streets, Boston)
Incorporated February 24, 1899.
Began business February
Cornelius Vander Pyl, President
27, 1899
Clarence E.
MacKay,
Treasurer
W. J. Bleiler*, B. D. Brawley, L. F. Clough, J. W. Colgan, Joseph Esselen*, C. B. Faunce,
F. C. Gerlach, D. E. Hersee, Charles Liffler, C. E. MacKay, H. J. Miiller*, W. I. Nichols, H. S. Ormsby,
S. J. Rantin*, G. H. Richmond, Mark Shack, W. J. Simpson, Cornelius Vander Pyl.
Board of Directors :
Regular meeting for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Temporary expense account
Overs and shorts
Due from trust companies and national banks
Cash and cash items
.
17,
1927
Liabilities
,346,915 00
34,890 00
900 00
1,350 00
4,088 74
1,201 05
9 47
Dues capital
Profits capital
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
49,597 27
1,589 56
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
Security committee
00
71
00
00
82
04
99
16
96
1 50
277 91
6,100 00
105 00
$1,440,541 09
$1,440,541 09
* Security
$882,813
165,720
193,000
115,000
279
31,051
24,668
21,155
367
Committee.
—
28
P.D.
Serial Shares
8,
Part
III.
Membership
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in February, August.
3,313
2,372
.
47
467
18,117
....
Members
Members who
.
.
.
1,423
.
are borrowers
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
Holders
8,019
.
.
457
....
of:
certificates
1,343
138
103
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share
First term,
Proportion of profits retained on voluntary withdrawals,
none.
365
10%
on
series less
Rates and Averages on Loans
average rate, 5.96%): 5%, $37,700;
real estate loans (average, $3,690 each;
6M%,
$46,150.
89 share loans (average, $392 each; average rate, 6%):
1 loan on matured share certificates : 6%, $900.
2 loans on paid-up share certificates : 6%, $1,350.
6%,
Certificates
23^%; second term, 2}4%.
than 6 years old; after 6 years,
5^%,
$70,505;
6%,
$1,192,560:
$34,890.
Total Expenses for Year
Amount paid
Cost
$3,750.00
2.60
for
per $1,000 of assets
.
$290.00
$50.00
Other
Expenses
$727.61
.20
.03
.51
Rent
Salaries
Advertising
Total
1,817.61
3.34
BOSTON — HOMESTEAD CO-OPERATIVE BANK
36
BROMFIELD STREET
Began business September
Incorporated September 11, 1877.
Walter H. Roberts, President
Board of Directors:
12,
1877
William D. Eldredge, Treasurer
W. H. Bain, W. D. Eldredge*, G. R. Farrell, W. S. Fracker* F. A. Hinchcliffe, J. T. Kaler,
W. H. Roberts, C. C. Swett*, F. C. Toward*, Joseph Uttley, R. S. Wentworth*, F. A.
P. B. Roberts,
Wyman, H. L.
Young*.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share
Liabilities
L,946,850 00
33,500 00
9,100 00
certificates
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
tional
13, 1927
1,293 45
14 26
banks
82,076 32
19,839 37
Cash and cash items
Dues
,142 00
191,457 92
728,600 00
131,400 00
952 01
2,000 80
45,997 16
36,200 84
20,709 18
712 63
2 75
capital
Profits capital
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Matured share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
Security committee
403 11
24,800 00
295 00
$2,092,673 40
$2,092,673 40
Membership
Serial Shares
Issued during year
Withdrawn during year
.
Forfeited during year
....
Matured during year
Shares in force
Shares now pledged
New
series issued in
5,763
3,787
8
1,087
19,718
10,812
Members
Members who
1,779
are borrowers
497
Unmatured shares
Matured share certificates
1,283
Holders
of:
Paid-up share
511
98
certificates
March, September.
Profits Distributed
Unmatured Shares and Matured Share
First term,
2%%;
First term,
2\i%\ second term,
second term,
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
20%
on
series less
Certificates
2^%.
Certificates
2%%>
than 8 years old; after 8 year,
—
P.D.
8,
29
Part III.
Rates and Averages on Loans
6%,
891 real estate loans (average, $4,979 each; average rate, 6%): 53^%, $44,600;
165 share loans (average, $203 each; average rate, 6%): 6%, $33,500.
11 loans on matured share certificates: 6%, $9,100.
$1,893,150;
7%,
$9,100.
Total Expenses for Year
54,112.15
Rent
$717.67
1.97
.34
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$322.21
Other
Expenses
$1,778.06
3,930. 09
.15
.85
3.31
Advertising
Total
BOSTON — HYDE PARK CO-OPERATIVE BANK
1172
RIVER STREET (HYDE PARK DISTRICT)
(Other authorized location for receipt of moneys: 105 Readville Street, Readville)
Incorporated March 26, 1886.
Everett
W.
Began business
May
1886
5,
Frederick P. McGrath, Treasurer
Lewis, President
Board of Directors: H. E. Astley, J. E. Farrell, J. A. Galvin, E. C. Jenney, E. H. Kearney*, Charles Larsson,
E. W. Lewis, F. P. McGrath, I. H. Morse, T. J. O'Donnell, M. W. Riley, J. E. Sheridan*, H. L. Smith,
C. F. Stack*, G. E. Stanford.
Regular meeting for receipt of moneys the
Wednesday
first
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Furniture and fixtures
Temporary expense account
Other assets
Due from trust companies and na
tional banks
Cash and cash items
5,
,647,250 00
00
00
00
64
00
38
1,458
2,754 23
42,310
8,830
3,410
66,307
7,581
Dues capital
Profits capital
$1,450,260
287,881
620,200
269,000
2,576
45,926
38,408
28,106
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
.
31,988 08
11,209 82
Withdrawal
profits
payable for money borrowed
Due on uncompleted
.
11
318 52
liabilities
$2,823,099 15
$2,823,099 15
Membership
Serial Shares
Issued during year
9,833
6,699
Withdrawn during year
Forfeited during year
76
Matured during year
1,561
Shares in force
(Shares now pledged
series issued in
18
28,921 10
185 00
119 06
loans
Security committee
Personal accounts
Other
00
39
00
00
28
26
750 77
3 00
443 48
50,000 00
Fines
Transfer fees
Bills
New
1927
Liabilities
31,641
15,215
....
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
3,014
901
of:
2,715
510
253
Paid-up share certificates
March, June, September, De
cember.
Profits Distributed
Unmatured Shares
First term,
iy8 %;
1%%;
second term,
fourth term,
1%%.
1%%;
Matured and Paid-up Share
First term,
1M%;
1}£%; second term,
fourth term,
1M%-
Certificates
1M%?
Proportion of profits retained on voluntary withdrawals, 15% on series less than 4 years old;
from 4 to 8 years old; after 8 years, none.
W9
third term,
third term,
10% on
series
Rates and Averages on Loans
average rate, 6%): 5%, $7,200; 6%, $2,640,050.
$260 each; average rate, 6%): 6%, $42,310.
real estate loans (average, $3,734 each;
163 share loans (average,
22 loans on matured share certificates:
7 loans on paid-up share certificates:
6%,
6%,
$8,830.
$3,410.
Total Expenses for Year
Salaries
Amount paid for
"ost
.
per $1,000 of assets
Rent
Advertising
6,147.00
$185.84
$364.00
2.18
.07
.13
* Security Committee.
Other
Expenses
$3,635.27
1.28
Total
$10,332.11
3.66
—
30
P.D.
Part III.
8,
BOSTON — JAMAICA PLAIN CO-OPERATIVE BANK
702
CENTRE STREET (JAMAICA PLAIN DISTRICT)
Incorporated February
7,
1920.
Began business February
19,
Robert D. Webster, President
1920
George
J.
Ganer, Treasurer
of Directors: F. W. Beering, P. M. Connolly*, W. E. Corkum, C. H. Curtis, Herbert Dillingham, W. T.
Driscoll, W. W. Foley, R. T. Fowler*, G. J. Ganer, Lillian E. Goodwin, J. L. Griffin, Joseph Harriman,
Lyla E. Henderson, W. R. Hicks, B. E. Holland, J. B. Kavanaugh, G. W. Kenyon*, R. B. Kenyon, S. T.
Knott, J. R. MacKinnon, H. C. Maguire, Alice E. McMurrough, P. J. Oswald, John Perrins, F. A. Pflug,
D. B. Ruggles, G. C. Russell, R. D. Webster.
Board
Regular meeting for receipt of moneys the third Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
20, 1927
Liabilities
....
....
Loans on real estate
Loans on shares
Overs and shorts
Due from trust companies and national banks
Cash and cash items
.
$309,600 00
11,965 00
47 38
....
....
Dues capital
Profits capital
$243,209
40,244
30,800
140
2,488
Paid-up share certificates
Forfeited share account
.
14,004 05
5 95
Guaranty fund
Surplus
Bills payable for
2,927
15,000
money borrowed
Due on uncompleted
200
227
loans
Security committee
Dividends on paid-up share
cates
certifi
385 00
.
$335,622 38
Serial
Issued during year
Shares in force
Shares now pledged
New
series issued in
$335,622 38
Membership
Shares
....
1,957
.....
Withdrawn during year
00
48
00
00
75
83
00
00
32
.
.
j
.
745
.
.
.
.
6,385
2,011
Members
Members who
.
Holders
.
.
are borrowers
703
.
102
.
of:
Unmatured
794
28
shares
Paid-up share certificates
February, May, August, No-
vember.
Profits Distributed
Unmatured Shares
\%%;
second term,
fourth term, 1%%.
First term,
1H%;
First term,
1H%\
Proportion of profits retained on voluntary withdrawals,
none.
25%
\
/%%
Paid-up Share Certificates
second term, 1}£%
A%;
;
third term,
;
third term,
X
1%%.
fourth term,
on
\ %
series less
than 5 years old; after 5 years
Rates and Averages on Loans
64 real estate loans (average, $4,838 each; average rate, 6.01%): 6%, $300,100; 6^%, $9,500.
38 share loans (average, $315 each; average rate, 6.01%): 6%, $11,665; 63^%, $300.
Total Expenses for Year
Salaries
Amount
$731.00
2.18
paid for
Cost per $1,000 of assets
.
$195.00
$54.15
Other
Expenses
$222 12
.58
.16
.66
Rent
Advertising
.
Total
$1,202.27'
3.58!
BOSTON — JOSEPH WARREN CO-OPERATIVE BANK OF ROXBURY
2371
WASHINGTON STREET (ROXBURY DISTRICT)
Incorporated April 26, 1910.
Frank D.
Began business
May
16,
1910
Waldo H. Chandler,
Littlefield, President
Treasure*]
W. H. Chandler. G. H. Corey, F. G. Cressey, J. G. Ferguson*;
E. S. Fields, M. J. Finn, A. J. Foster, T. P. Gormley, I. B. Howe, W. J. Kelly, F. D. Littlefield,.W. H
Reed, F. W. Rugg, E. J. Ryan, A. W. Smith*, H. E. Stevens*, F. S. Waterman.
Board of Directors: A. L. Bacon, H. C. Byrne,
Regular meeting for receipt of moneys the third
* Security Committee.
Monday
of
each month.
——
P.D.
8,
Part
31
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
,148,325 00
51,152 00
2,880 00
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Bonds and notes
Banking house
.
.
Personal accounts
Due from
.
400 00
53,031 25
61,500 00
219 81
.
trust companies
banks
Cash and cash items
tional
and na
.
17, 1927
Liabilities
Assets
Dues capital
Profits capital
00
50
00
00
752 87
13,785 80
44,584 36
$1,347,545
223,242
420,800
229,800
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
35,322 59
13,514 13
.
_
Due on uncompleted
Personal accounts
60,542 15
16,205 00
loans
938 00
.
Dividends on matured share
certifi
5,276 60
cates
Dividends on paid-up share
certifi
2,872 50
cates
$2,366,344 78
$2,366,344 78
Membership
Serial Shares
9,072
5,582
Issued during year
Withdrawn during year
85
945
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New
series issued in
February, May,
Members
Members who
Holders
2,882
are borrowers
Unmatured shares
Matured share certificates
31,706
12,975
August, No-
780
....
of:
Paid-up share
vember.
certificates
.
.
.
.
.
.
.
2,644
354
193
.
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term, 1}4%', second term,
1M%;
fourth term,
1}4%;
third term,
1M%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
625 real estate loans (average, $3,437 each; average rate, 5.97%): 53^%, $131,550; 6%, $2,016,775.
308 share loans (average, $166 each; average rate, 6%): 6%, $51,152.
5 loans on matured share certificates: 6%, $2,880.
1 loan on paid-up share certificates: 6%, $400.
Total Expenses for Year
Amount paid
for
Cost per $1,000 of assets
.
Other
Expenses
Salaries
Rent
$7,145.67
3.01
$800.00
>4,301.74
.34
1.82
Total
$12,247.41
5.17
BOSTON — LOWER MILLS CO-OPERATIVE BANK
1170
WASHINGTON STREET (DORCHESTER DISTRICT)
Incorporated August 10, 1927.
Began business September
Alexander H. Copley, President
1,
1927
Lewis Sears, Treasurer
Board of Directors: J. J. Ahern*, C. H. Chute*, A. H. Copley*, P. J. Cushing, A. L. Draper,
G. R. Eagles, G. F. Everett, E. P. Hoye, W. H. Morrill, Lewis Sears, W. S. Weaver.
Regular meeting for receipt
of
moneys the second Wednesday
of
....
...
.
.
banks
Cash and cash items
$320 21
Dues
capital
Other
410 00
liabilities
4,908 79
50 00
$5,279 00
Membership
Serial Shares
....
....
.....
Withdrawn during year
)
!
13, 1927
$4,869 00
.
$5,279 00
Issued during year
Drusdill,
Liabilities
Temporary expense account
Due from trust companies and national
W.
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
J.
2,440
4
2,436
Members
Holders
241
of:
Shares in force
New series issued in March, June, September, December.
Unmatured shares
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
* Security Committee.
series less
241
than 3 years old; after 3 years,
—
32
P.D.
8,
Part
III.
Total Expenses for Year
Other
Expenses
$305.76
57.92
Advertising
Amount
paid for
Cost per $1,000 of assets
$14.45
2.74
.
Total,
$320.21;
60.661
J
BOSTON — MASSACHUSETTS CO-OPERATIVE BANK
DORCHESTER AVENUE
1442
(Other authorized locations for receipt of moneys: American Trust Company, 50 State Street, and
Bank of Commerce and Trust Company, 21 Milk Street, Boston)
Incorporated
May
19, 1908.
Began business
May
28, 1908
Ansley
Joseph R. Churchill, President
M.
Johnson, Treasured
J. C. Briscoe, F. J. Carey, J. R. Churchill, D. J. Ferguson, L. J. Hayford*, A. M. Johnson*, B. C. Kelley, Roger Mansfield, J. F. Masters, J. J. Moore, E. J. Owen*, E. A. Retzel, J. J. Scarry
A. W. Thompson, F. I. Wilkins.
Board of Directors:
Regular meeting for receipt of moneys the
day
last business
each month.
of
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Banking house
Temporary expense account
.
.
.
Building expense
....
.
trust companies and nabanks
•
.
Cash and cash items
Due from
tional
31, 1927
Liabilities
.
,368,025 00
36,358 00
18,870 00
Dues capital
Profits capital
24,000 00
3,388 40
273 38
Paid-up share
.
Matured share
certificates
certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
76,716 09
28,097 97
Surplus
Interest
$1,337,017
195,283
1,633,200
51,400
3,215
198,034
36,133
33,529
34,972
0C
0£
707
8(
7
31,705
4<
Fines
Transfer fees
.
Due on uncompleted
loans
Security committee
Other
Issued during year
Forfeited during year
Matured during year
7<
3(
6'
I
0(
$3,555,728
8'
I
Membership
Serial Shares
Withdrawn during year
1(
1
487
35
liabilities
$3,555,728 84
0C
0(1
19,719
12,713
175
3,439
41,145
18,592
New series issued in March, June, September, December.
Shares in force
Shares now pledged
Members
Members who
.
Holders
.
.
are borrowers
...
....
of:
Unmatured shares
Matured share certificates
Paid-up share
certificates
.
.
...
.
.
4,58'
88
3,58:
1,304!
Profits Distributed
Unmatured Shares and Matured Share Certificates
z
/%%\ second term, 1%%\ third tern.
First term, \
1%%;
fourth term,
1%%.
Paid-up Share Certificates
First term, 1%%\ second term, 1M%; third tern
1M%;
fourth term,
1M%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
$4,503 each; average rate, 6.40%): 5^%, $27,700;
$2,632,365; 7%, $64,960.
180 share loans (average, $202 each; average rate, 6.50%): 6J^%, $36,358.
37 loans on matured share certificates: 6K%» $18,870.
748 real
estate loans (average,
6%, $643,000;
§V2 %
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$16,466.90
4.63
$1,200.00
$552.03
Other
Expenses
$4,863.94
.34
.15
1.37
Rent
* Security Committee.
Advertising
Total
$23,082.8
6.4
—
P.D.
8,
Part
33
III.
BOSTON — MATTAPAN CO-OPERATIVE BANK
1575
BLUE HILL AVENUE (MATTAPAN DISTRICT)
(Other authorized location for receipt of moneys: 294 Washington Street,
Incorporated
November
14, 1910.
Began business December
Room 219,
Boston)
1910
20,
William R. Landers, Treasurer
Charles K. Thurston, President
Board of Directors: J. F. Ballard, W. H. Crosby, W. G. Cruckshank*, G. T. Curley, E. E. Erickson, W. A.
Guild, L. W. Kent, W. R. Landers*, J. B. Patterson, T. S. Richardson*, T. W. Roulston, F. N. Russell,
S. B. Small, P. D. Smith, C. K. Thurston, J. P. Weldon, J. F. Willett, P. J. Williams.
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
.
Loans on matured share certificates
Real estate by foreclosure, etc.
1,432,372 60
16,396
5,530
6,550
2,572
135
.
Temporary expense account
Overs and shorts
Due from trust companies and na
.
.
tional
18, 1927
Liabilities
00
00
00
89
54
Dues capital
Profits capital
$626,269
117,358
660,400
33,000
36
12,038
6,270
15,977
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
Surplus
banks
53,337 43
Cash and cash items
856 87
Interest
.
profits
payable for money borrowed
Due on uncompleted loans
Bills
Security committee
$1,517,751 33
$1,517,751 33
Membership
Serial Shares
Issued during year
....
....
....
....
.....
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New
series issued in
.
.
.
.
51
00
00
00
23
24
66
450 41
50
77 38
10,000 00
35,738 40
135 00
Fines
Transfer fees
Withdrawal
00
7,083
3,408
7
1,584
15,720
7,791
....
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
1,577
373
of:
Paid-up share
1,187
465
26
certificates
March, June, September, De-
cember.
Profits Distributed
Unmatured Shares and Matured Share
1%%;
Certificates
1%%;
second term, 1<HI%; third term,
fourth term, 1%%.
First term,
First term,
1M%;
Paid-up Share Certificates
second term, 1%%; third term,
1M%;
fourth term, \\i%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
821 real estate loans (average, $4,462 each; average rate, 6%): 53^%, $15,100;
64 share loans (average, $256 each; average rate, 6%): 6%, $16,396.
10 loans on matured share
certificates:
6%,
6%,
$1,387,273; <oY%%, $30,000.
$5,530.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
$268.50
Other
Expenses
$1,478.85
9,339.28
.18
.97
6.15
Salaries
Rent
Advertising
$6,089.39
4.01
$1,502.54
.99
Total
BOSTON — MEETING HOUSE HILL CO-OPERATIVE BANK
240
BOWDOIN STREET (DORCHESTER DISTRICT)
(Other authorized locations for receipt of moneys: First National Bank, 67 Milk Street, Boston;
555 Columbia Road and 1432 Dorchester Avenue, Dorchester)
Incorporated April 22, 1914.
Began business
William E. Wight, President
May
14,
1914
John H. Dorsey, Treasurer
Board of Directors: W. L. Cahalan, William Campbell, J. T. Cavanagh, 2d, J. J. Comfrey, F. S. Devlin, H. J.
Dixon, J. H. Dorsey*, J. F. Fennessey, R. S. Fitzgerald, T. B. Kelly, J. P. Landers*, Daniel Leary*,
C. J. Murphy, M. J. O'Hare, Ambrogio Piotti*, Erhardt Schatz, R. F. Sheehan, W. E. Wight*.
Regular meeting for receipt of moneys the second Thursday of each month.
* Security Committee.
—
34
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
.
Dues
00
00
00
00
656 98
$1,012,600
17,072
4,630
60
Furniture and fixtures
trust companies
13, 1927
capital
Profits capital
$533,744
92,761
337,400
70,400
307
8,743
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
and na
tional banks
Cash and cash items
.
Guaranty fund
20,653 55
Surplus.
Due on uncompleted
98 42
5,037
1,400
loans
Security committee
Overs and shorts
Dividends on matured share
430
30
.
4,639 25
certifi-
877 50
cates
$1,055,770 95
$1,055,770 95
Membership
Serial Shares
Issued during year
Forfeited during year
11
Matured during year
Shares in force
Shares now pledged
14,124
6,007
New
Members
Members who
5,128
2,832
.
series issued in February,
00
78
00
00
73
24
00
00
00
45
certifi-
cates
Dividends on paid-up share
Withdrawn during year
III.
Liabilities
on real estate
on shares
on matured share certificates
on paid-up share certificates
Due from
Part
8,
Holders
1,215
are borrowers
.
.
287
.
.
.
1,101
.
.
.
.
.
of:
Unmatured shares
Matured share certificates
750
.
.
Paid-up share
certificates
,
.
260
79
.
May, August, No-
vember.
Profits Distributed
Unmatured Shares and Matured Share
First term, 1
iy8 %;
%,% second
;
1
l%%.
fourth term,
%%
Certificates
;
third term,
Paid-up Share Certificates
second term, 1J4%; third term,
1M%;
First term,
1M%;
term,
1M%-
fourth term,
Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old; 20% on series
4 to 5 years old; 15% on series 5 to 6 years old, 10% on series 6 to 7 years old; 5% on series 7 to 8
years old; after 8 years, none.
Rates and Averages on Loans
216 real estate loans (average, $4,688 each; average rate, 5.98%): 5M%, $41,200; 6%, $971,400.
64 share loans (average, $267 each; average rate, 6%): 6%, $17,072.
6 loans on matured share certificates: 6%, $4,630.
1 loan on paid-up share certificates: 6%, $60.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$4,160.36
3.94
$964.63
.91
$226.45
Other
Expenses
$574.22
55,925.66
.22
.54
5.61
Advertising
Total
* Security Committee.
BOSTON — MERCHANTS CO-OPERATIVE BANK
24
SCHOOL STREET
(Other authorized locations for receipt of moneys: branches of First National Bank of Boston,
Uphams Corner, Fields Corner, Roslindale, Hyde Park, Brighton and Allston.)
Incorporated December
Bertram D.
2,
1881.
Began business February
10,
1882
Albert E. Duffill, Treasurer
Blaisdell, President
Girard N. Jones, Assistant Treasurer
Board of Directors: H. E. Abbey, J. H. Aubin*, B. D. Blaisdell, A. E. Duffill, Frank Fanning*, W. F. Freeman*, H. F. French*, R. L. Hall, C. N. Marland, A. J. Mercer, C. S. Patten*, H. A. Perkins*, F. M.
Perry, J. C. Pineo, C. D. Rice, C. W. Sherman, J. A. Sparrow*, F. O. Whitney*.
Regular meeting for receipt of moneys the second
* Security Committee.
Monday
of
each month.
—
\D.
8,
.
35
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
oans on shares
>oans on matured share certificates
oans on paid-up share certificates
lommon form mortgages
^eal estate by foreclosure, etc.
emporary expense account
loans
'axes
paid
,799,950 00
00
00
00
00
38
23
912 09
654 28
531,830
60,130
8,920
9,800
99,890
17,496
....
ecurity committee
>ue from trust companies
tional banks
and na
ash and cash items
849,331 71
209,676 30
Dues capital
Profits capital
Matured share
certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
00
38
00
00
24
10
17
00
42
00
43
25
300 00
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
$28,588,590 99
$28,588,590 99
Membership
Serial Shares
ssued during year
95,357
53,362
2,349
8,553
350,773
156,227
.
....
1927
$15,392,983
3,219,421
6,137,400
2,464,200
4,721
609,712
202,490
291,705
8,888
44
2,591
254,134
.
Personal accounts
Withdrawn during year
orfeited during year
latured during year
10,
Liabilities
Members
Members who
Holders
Unmatured shares
Matured share certificates
hares in force
hares now pledged
ew series issued in March, June, September, De.
.
are borrowers
25,608
7,060
of:
Paid-up share
cember.
certificates
21,678
4,505
1,840
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, V/2%; second term, 1H%; third term,
\W7o\ fourth term, 1J^%.
First term,
1M%;
roportion of profits retained on voluntary withdrawals,
none.
Paid-up Share Certificates
second term, 1M%; third term,
A%;
\X
fourth term,
20% on
series less
1%%.
than 5 years old; after 5 yearsj
Rates and Averages on Loans
651 real estate loans (average, $4,743 each; average rate, 6.12%): 5%, $383,700; 5M%, $353,650; 5K%,
$174,950; 5M%, $35,350; 6%, $18,169,100; 6M%. $13,600; 6J^%, $7,580,150; 6M%, $18,500; 7%,
$67,050; 7J^%, $500; 8%, $3,400.
069 share loans (average, $25/ each; average rate, 6.34%): 5%, $300; 5M%. $50; 5^%, $2,220; 6%,
$172,260; 63^%, $347,240; 6%%, $20; 7%, $8,030; 7^%, $100; 8%, $1,610.
199 loans on matured share certificates: 6%, $9,300; 6^%, $50,280; 7%, $550.
84 loans on paid-up share certificates: 6%, $1,710; 63^%, $7,210.
Total Expenses for Year
Salaries
ttnount paid for
pst per $1,000 of assets
.
Rent
Other
Expenses
Total
$27,493.42 $114,605.08
.96
4.01
Advertising
>59,214.29
$20,434.07
$7,463.30
2.07
.72
.26
BOSTON — METROPOLITAN CO-OPERATIVE BANK
80
Incorporated
May
FEDERAL STREET
14, 1915.
Began business
May
24, 1915
ed E. Bolton, President
F. Oscar Chase, Treasurer
G. A. Bleyle, F. E. Bolton, H. M. Chamberlain, L. W. Chandler, F. O. Chase*, R. D.
H. Dunn, B. P. Ellis, B. M. Golding*, J. W. A. Gordon*, H. H. Hale*, J. C. Hall, E. L. Harris,
Theodora M. Hastings, T. E. McCarthy, C. A. Palmer*, W. J. Peterson, Guy Richardson, Annie M. Stone,
C. L. Titus, H. F. Weiler.
wrd
of Directors:
Crook*,
J.
Regular meeting for receipt of moneys the third
* Security Committee.
Monday
of
each month.
—
36
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
Part
III.
17, 1927
Liabilities
on real estate
on shares
on matured share certificates
on paid-up share certificates
Furniture and fixtures
Loans
Loans
Loans
Loans
Temporary expense account
Overs and shorts
Due from trust companies and na
.
banks
Cash and cash items
$596,700 00
22,810 00
1,600 00
720 00
792 10
1,390 59
49 44
$302,474
55,692
191,600
52,200
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Matured share account
352 99
Guaranty fund
Interest
Fines
Tfansfer fees
189
.
1
Withdrawal profits
Due on uncompleted loans
Security committee
Due on foreclosure sales
191
4,600
117
19 50
$630,047 5S
$630,047 56
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in February,
2,731
1,552
.
....
00
25
00
00
24
65
85
06
74
97
50
07
00
73
1,478
1,000
6,651
6,213
7,617
Surplus
5,632 44
tional
Dues capital
Profits capital
50
1,314
6,733
3,111
Members
Members who
.
.
.
.
.
.
are borrowers
.
188
Unmatured shares
Matured share certificates
.
581
137
Holders
....
of:
Paid-up share certificates
59
May, August, No-
vember.
Profits Distributed
Unmatured Shares and Matured Share
l%%;
/ %;
z
second term,
fourth term, iy8 %.
First term, l
s
Paid-up Share
third term,
Certificates
First term,
\\i%; second term, 1}£%',
1M%;
1M%-
fourth term,
Certificates
1%%;
Proportion of profits retained on voluntary withdrawals, 25% on series less than 3 years old;
3 to 6 years old; after 6 years, none.
third term,
20% on
series
Rates and Averages on Loans
141 real estate loans (average, $4,232 each; average rate, 6%): 6%, $596,700.
68 share loans (average, $335 each; average rate, 6%): 6%, $22,810.
4 loans on matured share certificates : 6%, $1,600.
4 loans on paid-up share certificates : 6%, $720.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$1,980.00
3.14
$918.11
1.45
$37.37
.05
Other
Expenses
$2,623.97
4.16
Total
$5,559. 4£
8.8C
BOSTON — MINOT CO-OPERATIVE BANK
379
NEPONSET AVENUE (NEPONSET DISTRICT)
(Other authorized locations for receipt of moneys: National Rockland Bank, 2343 Washington
Street, Roxbury, and 50 Congress Street, Boston)
/
Incorporated June 19, 1923.
Henry B. Barham,
Board
J.
Began business July
1,
1923
William
President
J.
Adams, A. R. Ballou, H. B. Barham, Matthew Cummings, J. J. Dailey, J. J. Gallivan
J. Henry*, A. W. Hunt, J. J. Lynch, J. H. Murphy, E. H. Oxner, J. P
Sullivan*, P. J. Sullivan, N. N. Wood.
of Directors : C. J.
M.
Griffin,
Riley*, D. J.
Henry, Treasurer
W. G. Henry, W.
Regular meeting for receipt of moneys the second
* Security Committee.
Monday
of
each month.
—
P.D.
8,
37
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Overs and shorts
Due from trust companies and
tional banks
Cash and cash items
.
10, 1927
Liabilities
$108,965 00
5,520 00
16 60
Dues
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
.
4,551 99
3,747 14
835
549
24
Interest
Fines
.
Withdrawal
16
9,000
4,500
profits
payable for money borrowed
Due on uncompleted loans
Security committee
Other liabilities
Dividends on paid-up share certifi
Bills
cates
.
48
54 50
137 50
.
$122,800 73
$122,800 73
Serial
s'sued
Membership
Shares
during year
1,288
Withdrawn during year
00
97
00
88
99
28
50
24
87
00
00
00
$86,947
7,914
12,000
147
624
capital
Profits capital
807
49
....
.
forfeited during year
3,429
ihares in force
824
Shares now pledged
"Jew series issued in January, April, July, October.
....
Members
Members who
Holders
are borrowers
382
60
.
of:
Unmatured shares
Paid-up share
372
14
certificates
Profits Distributed
Unmatured Shares
1%%; second term, iy$%; third term,
fourth term, 1%%.
First term,
1V8 %;
Paid-up Share
Certificates
First term, \}/i%\ second term, \]/i%\ third term,
1H%;
fourth term, \\i%.
'roportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old;
from 5 to 8 years old; after 8 years, none.
15%
on series
Rates and Averages on Loans,
5 real estate loans (average, $3,113 each; average rate, 6%): 6%, $108,965.
5 share loans (average, $221 each; average rate, 6%): 6%, $5,520.
Total Expenses for Year
mount paid
for
lost per $1,000 of assets
.
Salaries
Advertising
$300.00
2.44
$137.75
Other
Expenses
$134.44
1.12
1.09
Total
$572 19
4.65
.
BOSTON — MT. WASHINGTON CO-OPERATIVE BANK
445
WEST BROADWAY (SOUTH BOSTON DISTRICT)
Incorporated June 20, 1893.
lichael J.
Began business June
21,
1893
John M. Shea, Treasurer
Murray, President
D. Creed, C. A. Curtis, R. N. Daley, T. J. Giblin, R. A. Grimes, F.
Logan, F. W. Lyons, Francis Magurn, C. P. Mooney*, M. J. Mullen, M.
Shea, Alfred Smart, J. T. Sullivan.
oard of Directors: J.
Logan,
M.
J.
J.
J.
Hannon*, E. L.
Murray*, J. M.
Regular meeting for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
ommon form mortgages
oans
oans
oans
Dans
....
....
npaid interest
npaid fines
ther assets
5,301,200 00
00
00
00
00
44
352 40
4,619 94
33,800
10,340
2,700
5,500
4,827
ue from trust companies and na
tional banks
ash and cash items
19,
1927
Liabilities
123,374 15
15,578 82
Dues capital
Profits capital
.
Matured share
Paid-up share
....
....
....
.
.
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
Due on uncompleted loans
Personal accounts
Dividends on matured share
.
.
.
.
.
.
.
.
.
.
.
cates
$3,502,292 75
* Security Committee.
00
99
00
00
932 63
68,459 64
44,187 54
7,620 00
343 58
certifi-
cates
Dividends on paid-up share
$1,693,941
322,521
1,206,200
140,000
16,336 37
certifi-
1,750 00
$3,502,292 75
—
38
P.D.
Part
8,
III.
Membership
Serial Shares
Issued during year
9,602
Withdrawn during year
5,967
Forfeited during vear
150
Matured during year
2,277
Shares in force
36,834
Shares now pledged
18,288
New series issued in February, May, August, No.
....
Members
Members who
are borrowers
3,132
1,015
Unmatured shares
Matured share certificates
2,673
Holders
of:
Paid-up share
vember.
741
109
certificates
Profits Distributed
Unmatured Shares and Matured Share
1%%; second term,
fourth term, 1%%.
First term,
1
%%;
Paid-up Share
First term,
1H%\
Certificates
1%%;
Certificates
1J4%; second term, \\i%\
third term,
1K%.
fourth term,
Proportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old;
from 4 to 6 years old; after 6 years, none.
Rates and Averages on Loans
887 real estate loans (average, $3,722 each; average rate, 5.97%): 5%, $15,400;
175 share loans (average, $193 each; average rate, 6%): 6%, $33,800.
30 loans on matured share certificates: 6%, $10,340.
2 loans on paid-up share certificates: 6%, $2,700.
third term,
5^%,
$198,150;
10% on
6%,
series
$3,087,650.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
BOSTON
272
— NODDLE
S.
Rent
$6,744.00
1.93
$2,000.00
$4,704.52
1.34
.57
Total
$13,448. 5S
3.84
ISLAND CO-OPERATIVE BANK
MERIDIAN STREET (EAST BOSTON DISTRICT)
Incorporated February 23, 1911.
James
Other
Expenses
Salaries
Began business March
1911
4,
James H.
Murray, President
Cline, Treasure
Board of Directors: E. C. R. Bagley, Robt. Bonney, Thomas Boyd, J. L. Case, M. J. Cashman, A. S. Cassidy*
G. J. Clarson, J. H. Cline, J. H. Coakley, C. W. Crocker, C. J. Donohue*, P. D. Emmons, F. S. Ferreira'
J. J. Flaherty, Edward Gluckler, R. H. Houghton, J. S. Murray*, A. J. Porter, A. J. L. Rausch, C. A\
Rollins, A. L. Tallman, J.
W.
Veader.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Due from trust companies and national banks
Cash and cash items
12, 1927
Liabilities
$489,275
10,905
450
200
52
00
00
00
00
65
Dues capital
Profits cpaital
!
.
;
Matured share
certificates
share certificates
Paid-up
Forfeited share account
.
Guaranty fund
34,610 02
4,512 72
$247,169
48,032 4
203,400 0»
6,400
0'
696 Of
8,897 3
12,498 71
5,944 3
Surplus
Interest
Premiums
83
7:
Fines
Transfer fees
119 4
Withdrawal profits
Due on uncompleted loans
Security committee
195
5,372
Personal accounts
1,099 8
.
Other
liabilities
$540,005 39
* Security Committee.
1
.
95
1
5
$540,005
3
—
ID.
8,
Part
39
III.
Membership
Serial Shares
Members
Members who
1,832
ssued during year
1,086
Withdrawn during year
41
'orfeited during year
432
latured during year
6,011
hares in force
3,000
hares now pledged
September,
DeMarch,
June,
few series issued in
cember.
Holders
are borrowers
.
.
.
.
.
.
.
.
.
601
222
of:
Unmatured shares
Matured share certificates
.
541
158
...
Paid-up share certificates
16
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 13^%; second term, 1K%; third term,
1M%; fourth term, 13^%.
Paid-up Share
'roportion of profits retained
Certificates
First term,
134%; second term, 134%;
1M%;
1M%-
fourth term,
on voluntary withdrawals, 25% on series less than 6 years old;
years old; 5% from 7 to 8 years; after 8 years, none.
third term,
15% from
6 to 7
Rates and Averages on Loans
78 real estate loans (average, $2,749 each; average rate, 6.93%): 6%, $33,680; 7%, $455,595.
42 share loans (average, $260 each; average rate, 7%): 7%, $10,905.
1 loan on matured share certificates: 7%, $450.
1 loan on paid-up share certificates: 7%, $200.
Total Expenses for Year
mount paid
for
ost per $1,000 of assets
.
Salaries
Rent
Advertising
$800.00
1.48
$400.00
$25.00
.74
.04
Other
Expenses
$932.47
1.73
Total
52,157.47
3.99
BOSTON — NORTH DORCHESTER CO-OPERATIVE BANK
39
SAVIN HILL AVENUE (DORCHESTER DISTRICT)
Incorporated July 20, 1907.
ahn
M. Donovan,
oard of Directors :
J.
Began business August
20, 1907
Daniel
President
J.
Daly, Treasurer
W. J. Burke, H. A. Carey, D. J. Daly, W. D. Desmond, Jr., J. S. Donahue,
Driscoll*, W. P. Gafney, P. F. Gallahue, T. J. Gorman, W. H. Kehoe*, C. J. Lavis,
Broderick*,
J. J.
M. Donovan, M.
J.
F. X. Moritz, D. G. Slattery.
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
oans on real estate
oans on shares
oans on matured share certificates
ue from trust companies and na.
.
tional banks
ash and cash items
.
|
18, 1927
Liabilities
.
.
.
.
.
.
$766,850 00
21,686 00
1,350 00
Dues capital
Profits capital
Matured share
Paid-up share
24,835 39
23,938 81
$457,288
81,689
212,800
54,000
.
certificates
certificates
Guaranty fund
14,523 19
12,589 82
2,200 00
Surplus
Due on uncompleted
loans
Security committee
cates
certifi-
certifi-
645 00
$838,660 20
$838,660 20
Membership
Serial Shares
lares in force
ares now pledged
bw series issued in February,
2,844 32
....
Dividends on paid-up share
bued during year
|ithdrawn during year
latured during year
80 00
.....
Dividends on matured share
cates
00
87
00
00
2,532
2,029
502
9,752
4,554
May, August, No-
Members
Members who
Holders
are borrowers
....
of:
.
Unmatured shares
Matured share certificates
Paid-up share
.
.
...
.
certificates
ivember.
.
.
831
209
664
154
38
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 134%; second term, 1%%; third term,
1^%;
fourth term,
1^%.
Paid-up Share
Certificates
First term,
134%; second term, 134%;
134%; fourth term, 134%.
Proportion of profits retained on voluntary withdrawals, none.
* Security Committee.
third term,
—
1
40
P.D.
Rates and Averages on Loans
155 real estate loans (average, $4,947 each; average rate, 5.94%): 5J^%,
49 share loans (average, $443 each; average rate, 6%): 6%, $21,686.
5 loans on matured share certificates 6%, $1,350.
1,500;
8,
Part
II]
6%, $672,350.
:
Total Expenses for Year
Amount paid
for
per $1,000 of assets-
Cost
.
Salaries
Rent
Advertising
52,770.78
$596.70
$105.36
3.30
.71
.13
Other
Expenses
$607.47
Total
$4,080.
4.8
.72
BOSTON — PIONEER CO-OPERATIVE BANK
36
BROMFIELD STREET
Incorporated July 26, 1877.
"Walter
Began business August
H. Roberts, President
6,
1877
William D. Eldredge, Treasur
W. H. Bain, E. E. Bridge, W. D. Eldredge*, G. R. Farrell, W. S. Fracker*, J. T. Kale
P. B. Roberts, W. H. Roberts, C. C. Swett*, F. C. Toward* Joseph Uttley, R. S. Wentworth*. F. l
Wyman, H. L. Young*.
Board of Directors:
Regular meeting for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
banks
Cash and cash items
,940,350 00
24,450
10,700
4,295
571
164
00
00
91
53
87
Dues capital
Profits capital
1927
$874,489
190,241
706,400
181,800
471
12,435
42,322
42,483
10,372
325
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
Guaranty fund
75,761 35
29,780 05
tional
3,
Liabilities
Surplus
Interest
Fines
Transfer fees
J
i
i
i
!
(
'.
(
(
'
$2,086,073
Membership
Shares
5,013
2,746
.
56
....
New
(
70
24,500
159
$2,086,073 71
Serial
1
(
2
Withdrawal profits
Due on uncompleted loans
Security committee
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
C
......
Members
Members who
Holders
are borrowers
of:
Unmatured shares
Matured share certificates
1,045
18,123
10,629
1,6;
.
.
Paid-up share
.
.
1,1
.
4!
.
certificates
series issued in April, October.
Profits Distributed
Unmatured Shares and Matured Share
First term,
2%%;
First term,
2V2 %;
Proportion of profits retained on voluntary withdrawals,
none.
385
20%
on
series less
Rates and Averages on Loans
average rate, 5.99%): 53^%,
6%,
Certificates]
2%%.
Paid-up Share Certificates
second term, 23^%.
real estate loans (average, $5,039 each;
$4,500; 7%, $7,000.
87 share loans (average, $281 each; average rate, 6%):
8 loans on matured share certificates: 6%, $10,700.
second term,
than 8 years old; after 8 yea
),350;
6%,
$1,878,500;
6^
(
$24,450.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
£4,112.13
1.97
$723.27
$325.63
.35
.15
* Security Committee.
Other
Expenses
51,815.47
.87
Tota)
3,976.
3.
—
P.D.
8,
41
Part III.
REAL ESTATE CO-OPERATIVE BANK
BOSTON
WATER STREET
7
(Other authorized locations for receipt of moneys: Atlantic National Bank, Post Office Square
and 238 Huntington Avenue)
Incorporated February
9,
1920.
Began business March
Frederick O. Woodruff, President
20,
1920
George
Robinson,
I.
Jr.,
Treasurer
Dorothy R. Ballard, Assistant Treasurer
Board of Directors: C. J. Bliss, W. E. Chamberlain, W. C. Codman, D. J. Cronin*. A. D. Dowd*, R. G. Jones*,
W. J. Keville*, H. F. Mason, W. J. McDonald, J. P. Merrill, E. K. Newhall, A. L. Richmond, G. I. Robinson, Jr.*, I. H. Rosenbaum, Frank Ross*, C. R. Tuckett, Frederick Viaux*, W. C. Weeks*, C. H. Welch,
Willard Welsh, Henry Whitmore, Arnold Whittaker, Lombard Williams, F. O. Woodruff.
Regular meeting for receipt
of
moneys the 25th of each month, unless falling on Saturday, Sunday
when next business day succeeding.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
,169,550 00
52,750 00
60 00
18,613 68
39 00
2,233 18
Temporary expense account
Insurance and taxes paid
Due from
351 50
244 39
.
trust companies
25, 1927
Liabilities
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Furniture and fixtures
Personal accounts
or holiday,
and na
tional banks
Cash and cash items
122,064 22
56 16
Dues
$1,777,836
280,551
232,600
2,365
20,399
13,383
24,907
capital
Profits capital
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
342
Fines
Transfer fees
.
1
Withdrawal profits
Due on uncompleted loans
Security committee
183
12,950
439
00
99
00
28
94
92
83
84
25
58
00
50
$2,365,982 13
$2,365,962 13
Membership
Serial Shares
Issued during year
17,644
Withdrawn during year
8,976
Forfeited during year
399
Shares in force
48,968
Shares now pledged
13,534
New series issued in March, June, September, De.
Members
Members who
Holders
2,896
578
are borrowers
of:
Unmatured
2,767
shares
Paid-up share
cember.
215
certificates
Profits Distributed
Unmatured Shares
First term,
A%\
\X
second term, 13^%; third term,
1^%.
13^2%; fourth term,
Paid-up Share
First term,
1M%;
Certificates
134%; second term,
1%%.
fourth term,
1M%
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
average rate, 7%): 7%, $2,169,550.
$397 each; average rate, 7%): 7%, $52,750.
144 real estate loans (average, $4,886 each;
S3 share loans (average,
1 loan on paid-up share
certificates:
7%,
$60.
Total Expenses for Year
Salaries
Amount paid
for
~ost per $1,000 of assets
$3,859.00
1.63
.
Rent
Other
Expenses
$5,549.46
2.34
Advertising
$1,479.06
$795.49
.62
.34
Total
$11,683.01
4.93
\
-ROSLINDALE CO-OPERATIVE BANK
748
SOUTH STREET (ROSLINDALE DISTRICT)
Incorporated
leorge
W.
March
7,
1898.
Began business April
20, 1898
P. Babb, President
Frank M. Aldrich, Treasurer
M. Aldrich*, G. W. P. Babb*, Georgina II. Cleary, ¥/. L. Donohoe, J. A. Johnson, W. T.
Kirley, R. O. Pacht, J. W. Reth, E. L. Sawyer, H. A. Schmidt, A. K. Spaulding, F. R. Woodman*.
'oard of Directors: F.
Regular meeting for receipt of moneys the fourth Wednesday
* Security Committee.
of
each month.
—
42
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
26, 1927
Liabilities
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid fines
Temporary expense account
Due from trust companies and national banks
Cash and cash items
.....
.
....
$993,400
19,335
3,415
610
45
346
....
00
00
00
00
36
Dues capital
Profits capital
49
Guaranty fund
$558,368
104,212 3
259,200
99,400
307
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Surplus
32,521 38
17,070 14
Interest
Transfer fees
....
....
.
15,781
19,321 4
4,584 3
5
1
Withdrawal profits
Due on uncompleted loans
Security committee
.
43 7
.
5,500
24
$1,066,743 37
$1,066,743 3
Membership
Serial Shares
.'....'.
Members
Members who
Issued during year
3,545
1,872
Forfeited during year
17
Matured during year
691
Shares in force
12,195
Shares now pledged
6,049
New series issued in January, April, July, October.
Withdrawn during year
Part III
.
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
....
1,21
33
of:
Paid-up share
1,05
17
6
certificates
Profits Distributed
Unmatured Shares
First term, l 5/f6 %; second term,
1%%;
l 5/f6
Matured and Paid-up Share
First term,
|
%;
third term
fourth term, l*A%.
1H%;
fourth term,
Certificates
1M%;
134%; second term,
third term
1M%-
Proportion of profits retained on voluntary withdrawals, 20%.
Rates and Averages on Loans
285 real estate loans (average, $3,486 each; average rate, 5.96%): 5%, $21,250; 5J^%, $19,800; 6%, $952,350
119 share loans (average, $162 each; average rate, 6%): 6%, $19,335.
18 loans on matured share certificates: 6%, $3,415.
2 loans on paid-up share certificates: 6%, $610.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
$154.80
Other
Expenses
$852.97
$5,104.1
.14
.80
4.7,
Rent
Advertising
,380.00
$716.34
3.17
.67
alaries
Total
BOSTON — ROXBURY CO-OPERATIVE BANK
1109
COLUMBUS AVENUE (ROXBURY DISTRICT)
(Other authorized location for receipt of moneys: State Street Trust Co., corner State and Con
gress Streets, Boston)
Incorporated October
3,
1889.
Began business November
John F. Mungovan, President
1,
1889
Clarence E.
MacKay,
Treasure'
Board of Directors: Wm. Armstrong, H. G. Bean, F. C. Bleiler*, J. G. Cleary, J. W. Fitzgerald, H. E. Hoff
man, J. T. Hosford, T. F. Hunt*, G. E. Jacobs, S. R. Keith, D. J. Kelly, Charles Liffler, Charles Lifflei
Jr., C. E. MacKay, R. A. MacLellan*, S. G. Mathewson, H. F. Malley, J. F. Mungovan, J. F. Murphy
S. J. Rantin*, F. W. Rugg, A. E. Taylor, A. K. Williams.
Regular meeting for receipt
of
moneys,
first
Wednesday
* Security Committee.
of
each month.
—
\D.
8,
43
•
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
loans
loans
^oans
on real estate
on shares
on matured share
certificates
Tnpaid interest
Mortgage balance
.
)ue from trust companies
tional banks
)ash and cash items
00
00
00
70
173 84
,237,770
26,620
1,125
1,950
Dues capital
Profits capital
$852,000 00
173,467 32
227,800 00
1,724 09
11,984 50
36,691 06
27,327 60
6,100 00
.
Matured share
certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
and na
73,527 04
1,142 99
Surplus
Due on uncompleted
loans
Dividends on matured share
cates
certifi
5,215 00
.
$1,342,309 57
$1,342,309 57
Membership
Serial Shares
3sued during year
Withdrawn during year
orfeited during year
latured during year
hares in force
(hares now pledged
few series issued in
1927
5,
Liabilities
3,920
2,293
61
....
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
481
17,505
7,491
1,372
406
of:
May, November.
1,340
165
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
23^%; second term,
term,
Matured Share
roportion of profits retained on voluntary withdrawals,
none.
10% on
3%.
Certificates
2Y2 %.
than 6 years old; after 6 years,
series less
Rates and Averages on Loans
5 real
estate loans (average,
$3,808 each; average rate, 5.94%):
5%,
5H%,
$52,675;
$79,850;
6%,
$1,065,495;
63^%, $39,750.
78 share loans (average, $341 each; average rate, 6%):
8 loans on matured share certificates: 6%, $1,125.
6%,
$26,620.
Total Expenses for Year
mount paid
for
.
ost per $1,000 of assets
Salaries
Rent
$3,750.00
2.79
$290.00
.21
$50.00
Other
Expenses
$990.61
Total
$5,080.61
.04
.74
3.78
Advertising
BOSTON — SHAWMUT CO-OPERATIVE BANK
1769
DORCHESTER AVENUE (DORCHESTER DISTRICT)
Incorporated December 29, 1913.
Began business January
19,
1914
Thomas Rush,
aniel J. Gallagher, President
Treasurer
of Directors: S. T. Archer, N. A. Burckhardt, W. E. Costello, H. R. Crane*, J. E. Daley, D. J. Gallagher, T. H. Hanlon, Edith Jameson, E. W. Jameson*, G. H. Kelley, A. J. Mahan, T. A. Mitchell, A. R.
Nicolle, J. E. Nolan, W. J. Ogar, T. F. Quinn*, Thomas Rush, G. L. Starks, J. F. White.
mrd
Regular meeting for receipt of moneys the third
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Dans on real estate
Jans on shares
>ans on matured share certificates
apaid interest
....
apaid fines
imporary expense account
ue from trust companies and na
tional banks
ish and cash items
17, 1927
Liabilities
$476,260 00
11,605 00
3,560 00
265 38
67 00
450 00
22,375 52
10,626 05
Dues capital
Profits capital
.
Matured share
certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
Due on uncompleted
Personal accounts
$525,208 95
* Security Committee.
$256,674
44,447
188,400
14,600
54
2,628
00
81
00
00
10
45
1,882 44
2,531 86
16 28
25
loans
13,784 60
189 16
$525,208 95
—
-
P.D.
Issued during year
2,513
2,051
.
50
462
Forfeited during year
....
Matured during year
Shares in force
Shares now pledged
New
Part
III.
Membership
Serial Shares
Withdrawn during year
8,
6,977
3,094
series issued in January, April, July, October.
Members
Members who
.
764
are borrowers
.
177
Unmatured shares
Matured share certificates
.
587
187
.
Holders
.
.
of:-
Paid-up share
12
certificates
Profits Distributed
Unmatured Shares and Matured Share
1%%;
second term,
fourth term, 1%%.
First term,
1M%;
First
third term,
Paid-up Share Certificates
second term, 1%%\ third term,
1M%5
term
1H%;
Certificates
1%%;
fourth term,
1M%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
126 real estate loans (average, $3,780 each; average rate, 6.2%) 53^%, $17,860; 6%, $162,100; 6J^%, $296,300.
70 share loans (average, $166 each; average rate, 6%): 6%, $11,605.
6 loans on matured share certificates : 6%, $3,560.
:
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
Salaries
Rent
Advertising
$3,344.99
6.37
$360 00
$37.50
.69
.07
.
Other
Expenses
$511.88
.97
Total
H.254 37
8.10
.
BOSTON — SOUTH BOSTON CO-OPERATIVE BANK
BROADWAY (SOUTH BOSTON
362
Incorporated June
William H.
11, 1913.
DISTRICT)
Began business June
21, 1913
John H. Casey, Treasurer
Griffin, President
H. Casey, G. J. Conners, J. P. Dempsey, W. H. Griffin, W. P. Hickey, E. L. Hopkins*
A. Hopkins, F. J. Horgan, F. W. Horgan*, John McGrath,* J. B. Meehan, F. J. Monahan, D. F.
O'Keefe, P. E. A. Sheridan, C. G. Stream, W. H. Taylor, E. T. A. Welch.
Board
of Directors: J.
J.
Monday
Regular meeting for receipt of moneys the third
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
.....
....
Loans on real estate
Loans on shares
Loans on paid-up share
.
.
certificates
Temporary expense account
.
.
.
.
Other assets
Due from trust companies and national banks
Cash and cash items
.
17, 1927
Liabilities
.
.
$183,825 00
10,595 00
200 00
422 41
505 62
Dues
$127,949
21,934
25,000
19,800
377
3,135
capital
Profits capital
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
10,001 91
501 54
Surplus
00
11
00
00
19
51
4,189 36
2,195 99
117 52
,—' 75
69 70
165 99
1,000 00
116 36
Interest
Fines
Transfer fees
.
Withdrawal profits
Security committee
Personal accounts
Proceeds of foreclosure sale
.
$206,051 48
$206,051^48
Membership
Serial Shares
Issued during year
543
Withdrawn during year
527
Matured during year
98
Shares in force
2,817
Shares now pledged
1,227
New series issued in March, June, September, December.
....
.
.....
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
383
136
of:-
Paid-up share
350
16
23
certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
1K%\
1M%;
second term,
fourth term,
1%%.
Proportion of profits retained on voluntary withdrawals, 25%.
* Security
Committee.
1M%;
third term,
—
5
45
.D. 8, Part III.
Rates and Averages on Loans
11 real estate loans (average, $1,656 each; average rate, 5.96%): 5*4%, $13,900;
25 share loans (average, $424 each; average rate, 6%): 6%, $10,595.
1 loan on paid-up share certificates: 6%, $200.
6%,
$169,925.
Total Expenses for Year
mount paid
for
ost per $1,000 of assets
.
.
Salaries
Rent
$800.00
3.88
$200.00
Other
Expenses
$781.80
3.79
.97
Total
$1,781 80
8 64
BOSTON — SOUTH END CO-OPERATIVE BANK
806
Incorporated
November
TREMONT STREET
8,
1921.
Began business November
8,
1921
dgar P. Benjamin, President
Jesse Goode, Treasurer
Benjamin*, J. M. Burrell, E. D. Cooke*, W. J. Fubler, C. N. Garland, J. B. Goddard, Jesse Goode*, C. H. Greene, J. B. Hall, Mildred B. Joyner, D. S. Klugh, W. L. Leach, E. V. Roundtree, E. Z. Roundtree*, A. P. Russell, T. G. Schuyler*, C. J. Shepherd, S. A. Tasco, G. A. Tell.
lard of Directors: E. P.
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
>ans on real estate
>ans on shares
lrniture and fixtures
ue from trust companies
tional banks
Liabilities
$129,370 00
12,301 00
680 00
.
and na-
and cash items
Dues
$105,883 00
15,927 94
12,600 00
3,565 83
1,485 72
2,860 49
75 67
126 30
capital
Profits capital
.
Paid-up share
certificates
Forfeited share account
267 34
64 11
.
ish
13, 1927
.
Guaranty fund
Surplus
Personal accounts
.
Other liabilities
Dividends on paid-up share
cates
certifi
157 50
.
$142,682 45
$142,682 45
Membership
Serial Shares
ued during year
thdrawn during year
....
rfeited during year
ares in force
ares now pledged
|'W series issued in
.
490
441
105
2,528
Members
Members who
Holders
520
117
are borrowers
of:
Unmatured
499
22
shares
Paid-up share
certificates
1,075
February, May, August, No-
Profits Distributed
vember.
Unmatured Shares
First term,
1H%;
%%
;
second term,
fourth term,
First term,
1M%;
1
1%%.
1
%%
;
third term,
Paid-up Share Certificates
second term, 134%; third term,
1M%;
fourth term,
1M%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
r eal
estate loans (average, $2,753
1\ihare loans (average, $176 each;
4\
each; average rate, 6.50%): 6>£%, $129,370.
average rate, 6.50%): 63^%, $12,301.
Total Expenses for Year
^|ount paid for
<|.t
.
per $1,000 of assets
Salaries
Rent
Advertising
$240.00
$180.00
$215.00
1.68
1.26
1.51
* Security Committee.
J
Other
Expenses
$236.31
1.66
Total
$871.31
6.11
—
46
P.D.
8,
Part III
BOSTON — SUFFOLK CO-OPERATIVE BANK
44
BROMFIELD STREET
Incorporated December 11, 1885.
Began business January
John A. Havey, President
Board
of Directors:
J.
1886
1,
Ernest A. Hale, Treasurel
W. L. Anderson, R. D. Birch, H.
W. Hunter*, J. H. Miley, C. S.
A. Havey*, E.
A. Gilman, G. R. Glendining, J. A. Grace, E. A. Hal(i
Patten*, S. C. Sperry, H. A. Stockwell, A. M. Wymai,
Monday
Regular meeting for receipt of moneys second
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
10,
1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Furniture and fixtures
Due from trust companies and na
tional banks
Cash and cash items
,136,050
69,590
21,990
6,835
6,231
5,000
00
00
00
00
74
00
132,018 87
11,360 45
Dues capital
Profits capital
Matured share
Paid-up share
.
.
.
.
.
.
.
.
certificates
certificates
Forfeited share account
Guaranty fund
.
Surplus
.
.
$1,961,740 0;
323,828 9
1,473,600
431,400
.
.
Due on uncompleted
loans
Dividends on matured share
cates
cates
.
.
.
5|
Ol
18,358
e|
6i
71
certifi-
.
Dividends on paid-up share
90
46,602
28,780
99,282
certifi-
5,392 5
.
J
$4,389,076 06
$4,389,076
Membership
Serial Shares
Issued during year
16,240
9,481
2,851
49,910
23,757
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
New
series issued in
1
....
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
February, May, August, No-
4,6e
i,os;
of:
Paid-up share
3,66
1,14
3c
certificates
vember.
Profits Distributed
Unmatured Shares and Matured and Paid-up Sha\
Certificates
First term,
1M%;
1J4%; second term,
fourth term,
1M%;
third terri
1M%-
Proportion of profits retained on voluntary withdrawals, none.
804
381 share
If.3
Rates and Averages on Loans
average rate, 5.98%): 53^%, $162,050; 6%, $3,974,000.
loans (average, $183 each; average rate, 6%): 6%, $69,590.
on matured share certificates: 6%, $21,990.
on paid-up share certificates: 6%, $6,835.
real estate loans (average, $5,144 each;
loans
12 loans
Total Expenses for Year
Rent
Salaries
Amount
$13,853.14
3.16
paid for
Cost per $1,000 of assets
.
Advertising
L.725.58
$2,382.18
1.08
.54
Other
Expenses
$8,530.41
1.94
Total
3,491.;
6/
BOSTON — TELEPHONE WORKERS CO-OPERATIVE BANK
119
MILK STREET, ROOM
Incorporated March 20, 1925.
109
Began business April
30, 1925
William B. Brigham, Treasur
Charles F. Donahoe, President
Board of Directors: William Brennan, W. B. Brigham, W. L. Broder, Lillian F. Capeless, J. J. Coughla
H. B. Crawford, C. F. Donahoe, R. M. Eastman, Rolland Farnham, Frank Field,* Conrad Grad, J.
Hartin, Margaret C. Little, J. R. McLeish* C. H. Morgan, J. L. Reynolds, H. W. Sawyer*, E. L. Sha
ney, C. F. Van Tassell, A. E. Whiton, Byron Wood.
Regular meeting for receipt of moneys
last business
* Security Committee.
day
of
each month.
'
—
P.D.
8,
Part
.
47
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
31, 1927
Liabilities
Loans on real estate
Loans on shares
$184,200 00
6,970 00
288 09
50 00
.
Furniture and fixtures
Temporary expense account
Dues capital
Profits capital
$167,313 00
11,246 31
17,800 00
90 00
803 00
919 33
1,190 66
13 05
35 06
4,200 00
95 00
1,579 25
.
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
Due from trust companies and national banks
Cash and cash items
13,350 19
.
426 38
Surplus
Interest
Fines
.
Withdrawal profits
Due on uncompleted loans
Security committee
Suspense
$205,284 66
$205,284 66
Membership
Serial Shares
Issued during year
3,000
2,359
Shares in force
8,111
Shares now pledged
1,575
New series issued in January, April, July October.
....
Withdrawn during year
.
Members
Members who
Holders
of
958
are borrowers
122
:
Unmatured shares
Paid-up share
949
12
certificates
Profits Distributed
Unmatured Shares
1J^%; second term, 13^%;
fourth term, 1)4%.
First term,
1H%:
Paid-up Share
Proportion of profits retained
Certificates
First term,
1J4%; second term, \}/i%\
1M%;
1M%-
on voluntary withdrawals,
20%
fourth term,
on
series less
third term,
third term,
than 5 years old; after 5 years,
none.
Rates and Averages on Loans
8 real estate loans (average $3,838 each; average rate, 6.4%): 6 2 / 5 %, $184,200.
^ shareloans (average, $94 each; average rate, 6.4%): 6 2 /6 %, $6,970.
>
¥
Total Expenses for Year
Vmount paid
for
.
^ost per $1,000 of assets
Salaries
Advertising
$826.67
4.02
$110.25
Other
Expenses
$171.88
.54
.84
Total
$1,108.80
5.40
BOSTON — TRIMOUNT CO-OPERATIVE BANK
73
TREMONT STREET
Other authorized locations for receipt of moneys: 156 Maverick Street, East Boston, and 178 Blue
Hill
Incorporated
May
Avenue, Roxbury)
18, 1911.
Began business June
12,
1911
George H.
'rank A. Teele, President
Wyman,
Treasurer
oard of Directors: F. L. Brier*, V. D. Caldwell, W. F. Casev*, Crescenzo De Simone, K. S. De Witt*, W. B.
Grant, F. D. Ham, B. E. Holland, G. A. C. Knight, J. F. McDermott, E. J. Owen, E. F. Power, L. H.
Robbins, W. T. H. Salter, F. A. Teele*, J. W. Webber, H. C. Whitcomb, G. F. Wollinger, G. H. Wyman,
W. F. Wyman.
Regular meeting for receipt of moneys the second
* Security
Committee.
Monday
of each
month.
48
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
Part III
10, 1927
Liabilities
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Furniture and fixtures
Temporary expense account
Other assets
Due from trust companies and ng
tional banks
....
Dues capital
Profits capital
,157,875 00
51,417 00
Matured share
20,545 00
certificates
share certificates
Paid-up
835 00
75 83
1,658 82
471 66
....
$1,220,040
220,307
1,549,600
171,800
Forfeited share account
Guaranty fund
Surplus
Interest
Cash and cash items
83'
926
4
421
4'
Withdrawal
profits
Bills payable for money
Due on uncompleted
borrowed
Security committee
Personal accounts
liabilities
$3,320,347 41
Serial
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
series issued in
0(
91
51
3'
7i
$3,320,347 4
Membership
Shares
......
Members
Members who
15,021
5,558
3,425
34,547
19,251
....
New
0(
91
277
755
65
.
Other
2;
3:
30,000
34,002
loans
0<
28,116
28,738
34,807
.
825 00
8(
0(
483
Fines
Transfer fees
86,644 10
0(
.
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
.
March, June, September, De-
Paid-up share
.
3,255
9l|
2,53'
1,29
17
.
.
certificates
cember.
Profits Distributed
Unmatured Shares and Matured Share Certificates
z
First term, 1%%\ second term, \ /%%\
third tern;
iy8 %;
fourth term,
First term,
1%%;
Paid-up Shars Certificates
second term, 1M%'. third tern
1K%;
fourth term,
Proportion of profits retained on voluntary withdrawals,
1%%.
20%
on
1M%-
real estate loans only.
Rates and Averages on Loans
822 real estate loans (average, $3,842 each; average rate, 6.46%): 6%, $248,150; 6J^%, $2,909,725.
278 share loans (average, $185 each; average rate, 6%): 6%, $51,417.
65 loans on matured share certificates: 6%, $20,545.
8 loans on paid-up share certificates: 6%, $835.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
BOSTON
Salaries
Rent
$6,056.64
1.82
$2,828.10
.85
— UNION
73
$583 50
Other
Expenses
$2,774.25
$12,242.4
.18
.84
3.6
Advertising
Total
CO-OPERATIVE BANK
TREMONT STREET
(Other authorized location for receipt of moneys: Industrial Bank and Trust Company, 1762 Wast
ington Street, Boston)
Incorporated June 30, 1911.
Edward E. Ginsburg,
Began business September
13,
1911
Morris Bernstein, Treasurer
President
Board of Directors: Morris Bernstein*, Benjamin Darena, A. R. Frederick, Gabriel Giarla, E. E. Ginsburg
T. C. Horgan, Louis Jacobvitz*, Van Courtlandt Lawrence, Thomas Nutile, Warren Patten, G. G. Phai
M.
J.
Sawyer*, William Selden,
I.
W.
Shapira*, C. B. Strout.
Regular meeting for receipt of moneys the second Wednesday of each month.
* Security
Committee.
—
P.D.
8,
Part
49
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
1927
13,
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Bonds and notes
Peal estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
$373,970 00
15,410 00
550 00
1,250 00
11,485 38
337 44
3 21
Dues capital
Profits capital
$220,930
46,699
155,600
2,200
359
4,391
3,046
3,223
122
15
700
36
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
.
Guaranty fund
Surplus
....
Interest
30,477 04
4,174 87
tional banks
Cash and cash items
Fines
00
21
00
00
00
41
15
71
28
63
00
00
334 55
Withdrawal profits
Due on uncompleted loans
Security committee
Reserve fund
$437,657 94
$437,657 94
Membership
Serial Shares
2,514
Issued during year
Withdrawn during year
1,005
132
Forfeited during year
506
Matured during year
5,925
Shares in force
Shares now pledged
2,315
New series issued in March, June, September, December.
.
....
Members
Members who
Holders
of
513
112
are borrowers
:
Unmatured shares
Matured share certificates
Paid-up share
444
124
4
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
1M%;
1J^%; second term,
fourth term,
First term,
1M%;
IV2 %.
Certificates
1^%;
third term,
Paid-up Share Certificates
second term, 1}£%; third term,
1M%;
fourth term,
1%%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old;
from 6 to 7 years old; 5% on series from 7 to 8 years old; after 8 years, none.
15% on
series
Rates and Averages on Loans
89 real estate loans (average, $4,202 each; average rate, 6.54%): 6%, $27,900; 63^%, $287,520;
50 share loans (average, $308 each; average rate, 6.15%): 6%, $10,585; 6^%, $4,825.
2 loans on matured share certificates : 6J^%, $550.
7%,
$58,550.
Total Expenses for Year
Amount paid
for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$963.00
2.20
825 30
1.89
$42.90
.
.10
Other
Expenses
$495.04
1.13
Total
J.326.24
5.32
-VOLUNTEER CO-OPERATIVE BANK
120
Incorporated
Ibhn
J.
November
16, 1887.
Began business January
1,
B. Grant, Assistant Treasurer
W. B. Buckley, H. G. Burgess, J. F. Crowley, J. J. Delea, J. J. Devereux,
T. A. Fitzgerald, W. A. Leonard*, D. F. McCormack*. O. T. O'Leary, E. J. Ripley,
Rudd*, Thomas Rush*, A. H. Sibley.
ioard of Directors:
B. Dooley,
J. J.
1888
James B. Dooley, Treasurer
Delea, President
May
J.
TREMONT STREET
George Adams,
W.
Regular meeting for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
joans on real estate
joans on shares
joans on matured share certificates
joans on paid-up share certificates
teal estate by foreclosure, etc.
temporary expense account
nsurance and taxes paid
)ue from trust companies and na
tional banks
>ash
and cash items
19,
1927
Liabilities
00
205,650 00
34,250 00
825 00
10,053 07
3,281 26
147 43
$11: 133,050
Dues capital
Profits capital
.
Matured share
Paid-up
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
420,939 24
5,921 92
certificates
share certificates
....
Interest
Fines
Due on uncompleted
Security committee
Personal accounts
.
$11,814,117 92
* Security Committee.
loans
15,773,473 00
1,090,283 71
4,055,400 00
415,800 00
1,538 71
6,238 14
332,100 00
43,045 09
56,171 81
1,333 73
37,975 00
398 00
360 73
[1,814,117 92
50
P.D.
8,
Part
III.
Membership
Serial Shares
Issued during year
37,576
Withdrawn during year
28,535
Forfeited during year
470
Matured during year
5,102
Shares in force
135,756
Shares now pledged
63,738
New series issued in January, April, July, October.
.
....
Members
Members who
Holders
of:
14,205
3,544
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
10,688
3,176
341
certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
z
First term, 1%%', second term, l /s%;
third term,
1H%;
1%%.
fourth term,
Paid-up Share Certificates
First term, 1}£%', second term, 1}4%\ third term,
1M%;
1M%-
fourth term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
3,105 real estate loans (average, $3,586 each; average rate, 5.98%): 5%,
$10,666,400.
1,945 share loans (average, $106 each; average rate, 6%): 6%, $205,650.
72 loans on matured share certificates: 6%, $34,250.
6 loans on paid-up share certificates: 6%, $825.
5V2 %,
t,700;
$461,950;
6%,
Total Expenses for Year
Rent
Advertising
$3,725.05
$1,960 65
17
Salaries
Amount
paid for
Cost per $1,000 of assets
$20,820 22
1.76
.
.
.31
Other
Expenses
$7,036.67
.60
Total
$33,542 59
2 84
BOSTON — WEST ROXBURY CO-OPERATIVE BANK
31 ST.
JAMES AVENUE, BOSTON
(Other authorized locations for the receipt of moneys: 689 Centre Street, Jamaica Plain, andi
1908 Centre Street, West Roxbury; 1 Belgrade Avenue, Roslindale; 555 Columbia Road, 1438
Dorchester Avenue, Dorchester; 67 Milk Street, Boston, and 3 Dexter Row, Charlestown)
Incorporated February
1,
1881.
Began business March
1881
3,
Frank
Francis A. Morse, President
Board of Directors:
S.
Mason, Treasurer
W. K. Burlen, W. E. A. Clough, W. F. Cook, C. R. Gow, H. L. Hammond, I. G. Hersey,
A. W. Joslin*, W. M. Kingman, F. S. Mason, F. A. Morse, C. J. Nichols, W. A. Parsons,
Jr.*, C. L. Hill,
E. L. Prescott, Benjamin Proctor,
Jr., J.
T. Whitman*.
Regular meeting for receipt of moneys the
first
Thursday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on
on
on
on
shares
matured share
certificates
share certificates
paid-up
mortgages
Common form
Real estate by foreclosure,
Unpaid
etc.
interest
Insurance and taxes paid
Due from trust companies and na
tional
banks
Cash and cash items
1927
Liabilities
t,208,400 00
real estate
6,
00
00
00
00
20
94
704 69
54,200
4,250
1,100
6,300
21,555
16,532
191,995 93
11,040 34
.....
Dues capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
....
....
Forfeited share account
Guaranty fund
Surplus
.
Due on uncompleted
.
loans
Other liabilities
Dividends on matured share
cates
.....
.....
Dividends on paid-up share
cates
$4,516,079 10
* Security Committee.
$2,109,022 0C
400,884 31'
1,626,600 0C
217,000 0C
466 IV
64,703 9S
41,452 6S
32,100 0(
5,708 7(
certifi-
16,073 34
certifi-
2,067
5C
$4,516,079
1C
.
P.D.
8,
51
Part III.
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
434
Matured during year
Shares in force
Shares now pledged
3,291
52,197
23,520
August, No-
New
series issued in
Members
Members who
18,642
9,692
.
February, May,
4,763
are borrowers
1,301
Unmatured shares
Matured share certificates
3,727
1,149
Holders
of:
—
178
Paid-up share certificates
vember.
Profits Distributed
Unmatured Shares
First term, l 7/f6%; second term, V/{^%\ third term,
lVf6 %; fourth term, V/K %.
Matured Share
Certificates
%;
second term,
lVii%; fourth term, l*/fc%.
First term,
l 5/f6
Paid-up Share
1%%;
Certificates
134%; second term, 134%;
134%; fourth term, 134%-
First term,
Proportion of profits retained on voluntary withdrawals,
none.
15% on
series less
third term,
third term,
than 6 years old; after 6 years,
Rates and Averages on Loans
1,112 real estate loans (average, $3,784 each; average rate, 6.35%): 5%, $93,050; 5J^%, $195,600;
$558,450; 63^%, $3,361,300.
261 share loans (average, $208 each; average rate, 6.46%): 53^%, $1,100; 6%, $1,650; 63^%, $51,450.
20 loans on matured share certificates: 63^%, $4,250.
8 loans on paid-up share certificates: 63^%, $1,100.
6%,
Total Expenses for Year
Rent
Salaries
Amount paid
$13,095.03
2.90
for
Cost per $1,000 of assets
.
Advertising
$3,108.88
5,825.00
.85
.69
Other
Expenses
$6,260.64
1.38
Total
5,289.55
5.82
BOSTON— WORKINGMEN'S CO-OPERATIVE BANK
73
CORNHILL
(Other authorized locations for receipt of moneys: Old Colony Trust Company, 17 Court Street;
52 Temple Place; 167 Summer Street; and 83 Massachusetts Avenue; National Shawmut
Bank, 69 Beacon Street; Park Square Building, 542 Commonwealth Avenue; 28 Harrison
Avenue; 28 Haymarket Square; Revere Building, Bowdoin Square; 239 Tremont Street; and
248 Huntington Avenue; Beacon Trust Company, 89 State Street, Boston.)
Incorporated June
9, 1880.
Began business June
11,
1880
Frank E. Burbank, Treasurer
James D. McLellan, President
Frances R. Burnham, V A __,-.,-_, Trpawrpr?
Warren A. McConiscm,l Assistantlreasurers
Board of Directors: A. T. Baker, C. L. Billman, D. M. Blair*, J. W.
J. E. Gaskin*, Gay Gleason, S. N. Miller*, C. M. Nichols*, R.
Frank Vogel, J. W. Webb.
E. Burbank, G. B. Doane,
Rodday*, R. B. Tyler, E. W. Vinal,
Blaisdell, F.
J.
Regular meeting for receipt of moneys the second Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure,
etc.
Banking house
Furniture and fixtures
Temporary expense account
Insurance and taxes paid
Personal accounts
.
,832,305 00
385,150
26,000
22,400
7,000
28,463
536,006
8,355
22,400
124
00
00
00
00
19
56
42
trust companies and na
banks
Cash and cash items
Dues capital
Profits capital
.
Matured share
Paid-up share
Surplus
Interest
Fines
Transfer fees
.
Due on uncompleted
810,258 83
25,489 88
.
.
Guaranty fund
11
453 49
certificates
certificates
Forfeited share account
Matured share account
51
Due from
tional
14, 1927
Liabilities
loans
Security committee
Personal accounts
.
Other liabilities
Due on foreclosure sales
Rent and income
.
$20,704,406 99
* Security Committee.
$11,866,546
2,026,762
3,883,600
1,980,400
5,025
8,626
329,513
308,375
194,026
5,287
19
90,738
2,700
341
1,114
200
1,129
00
06
00
00
33
30
24
79
38
73
00
50
00
21
50
99
96
$20,704,406 99
•
52
P.D.
Issued during year
Forfeited during year
Shares in force
Shares now pledged
series issued in
Holders
1,253
7,808
257,614
109,741
Matured during year
New
Members
Members who
57,666
46,794
Withdrawn during year
8,
Part
III.
Membership
Serial Shares
of:
are borrowers
20,611
5,714
....
—
•
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
certificates
18,073
2,708
1,871
March, June, September, De-
cember.
Profits Distributed
Unmatured Sharss and Matured and Paid-up Share
Certificates
1M%;
second term, 1}£%; third term,
fourth term, 1M%-
First term,
1M%;
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
4,664 real estate loans (average, $ ,038 each; average rate, 5.94%): 5%, $442,250; 5M%. $384,550; 5^%,
$885,625; 6%, $17,119,880
1,798 share loans (average, $214 each; average rate, 5.99%): 5%, $350; 5M%>, $750; 5^%,
2,050; 6%,
$382,000.
73 loans on matured share certificates: 6%, $26,000.
68 loans on paid-up share certificates : 6%, $22,400.
Total Expenses for Year
Amount paid
Cost
$61,166.30
2.95
for
per $1,000 of assets
.
$17,500.00
$3,495.01
Other
Expenses
$14 816.07
.84
.17
.72
Rent
Salaries
Advertising
Total
$96,977.38
-4.68
BRAINTREE — BRAINTREE CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Braintree National Bank, Old Colony Trust
Company, 17 Court Street and 167 Summer Street, Boston)
Incorporated June 24, 1889.
James H.
Began business October
15, 1889
Charles B. Cummings, Treasurer
Kilbrith, President
Board of Directors: H. B. Blewett, G. T. Burnham, J. B. Crowe, C. B. Cummings*, C. R. Cummines, H. W.
Doane, Marion C. Gillett, D. B. Hall, H. D. Higgins, L. S. Joslin, J. H. Kilbrith*, Roger Lakin*, Joseph
Landers, O. B. Oakman, F. G. Pennock, N. P. Potter, W. A. Ross, G. E. Sampson, H. S. Snow, G. W.
Stevens, C. A. Sullivan, J. H. Sullivan, L. W. Thayer, H. L. White, R. E. Whitman, H. W. Woodworth.
Regular meeting for receipt of moneys, third Tuesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share
Furniture and fixtures
certificates
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
18, 1927
Liabilities
,670,850 00
10,780 00
2,700 00
Dues capital
Profits capital
163 35
2,763 79
Paid-up share
•
.
.
Matured share
certificates
certificates
Forfeited share account
.
Guaranty fund
39,401 80
10,236 27
Surplus
Interest
Premiums
Fines
.
Withdrawal profits
Due on uncompleted loans
Security committee
Other liabilities
$1,736,895 21
$1,736,895 21
* Security
00
71
00
00
11 59
20,367 61
17,600 78
40,299 42
1,988 30
1,098 61
705 93
23,820 00
405 00
48 26
$732,250
148,299
715,400
34,600
Committee.
P.D.
8,
Part
53
III.
Membership
Serial Shares
Issued during year.
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in June, December.
Members
Members who
6,379
2,452
.
1,806
15,967
9,182
1,518
— are borrowers
457
Unmatured shares
Matured share certificates
1,117
Holders
62
of:
Paid-up share
494
33
certificates
Profits Distributed
Unmatured Shares
3%; second
First term,
term,
Matured Share
2%%;
First term,
3%.
Certificates
2%%.
second term,
Paid-up Share Certificates
First term, 2>£%; second term, 2]4%Proportion of profits retained on voluntary withdrawals,
none.
!§%%
on
series less
than 8 years old; after 8 years,
Rates and Averages on Loans
428 real estate loans (average, $3,904 each; average rate, 6.3%): 6 3 /io%, $1,670,850.
36 share loans (average, $299 each; average rate, 6.3%): 6 3 /io%, $10,780.
6 loans on matured share certificates: 6.3%, $2,700.
Total Expenses for Year
Amount paid
for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$4,540.65
2.61
$600.00
$80.00
.34
.05
Other
Expenses
$793.01
Total
5,013.66
3.46
.46
BRIDGEWATER — BRIDGEWATER CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: H.
Incorporated
Alfred F. Field,
Jr.,
May
27, 1902.
Strann at State Farm, Mass.)
J.
Began business June
16,
1902
Fred W. Capel, Treasurer
President
of Directors: G. J. Alcott, W. H. Bassett, C. H. Bixby, J. A. Bowman, F. W. Capel, Thomas Carroll,
B. F. Casey, S. B. Cholerton* A. E. Cox, Jr., J. J. English, A. F. Field, Jr.*, J. H. Jones, C. F. Jordan,
S. J. Kingston, Frederick Waite, B. E. Ward, R. W. White, A. H. Willis*.
Board
Monday
Regular meeting for receipt of moneys the third
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Furniture and fixtures
Temporary expense account
Due from trust companies and na -
17, 1927
Liabilities
$445,740
3,910
450
3,742
332
802
00
00
00
12
75
36
....
Dues capital
Profits capital
Matured share certificates
Paid-up share certificates
Forfeited share account
1,258 51
315 91
....
....
.....
.
Guaranty fund
Surplus
tional banks
Cash and cash items
$265,973
48,348
74,600
44,000
195
8,343
3,554
11,009
.
.
Interest
profits
"
.
$456,551 65
$456,551 65
Membership
Serial Shares
Issued during year
Withdrawn during year
.
Matured during year
Shares in force
Shares now pledged
New
series issued in June,
•
1,093
730
20
168
.
Forfeited during year
13
425 22
1 75
100 29
Fines
Transfer fees
Withdrawal
00
66
00
00
50
22
88
Members
Members who
Holders
of
:
— are borrowers
Unmatured shares
Matured share certificates
5,786
2,482
Paid-up share
568
204
.
519
61
31
.
certificates
December
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share
First term,
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
* Security Committee.
2}4%; second term,
series less
Certificates
2 )/i%.
than 5 years old; after 5 years,
54
P.D.
Rates and Averages on Loans
212 real estate loans (average, $2,103 each; average rate, 6%): 6%, $445,
19 share loans, (average, $206 each; average rate, 6%): 6%, $3,910.
2 loans on matured share certificates: 6%, $450.
8,
Part
III.
740.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
&1.345.37
$240.00
$76.75
2.95
.53
.17
Other
Expenses
$237.72
Total
$1,899.84
4.17
.52
BROCKTON — CAMPELLO CO-OPERATIVE BANK
Incorporated October
Edward H.
3,
1877.
Began business October
1877
8,
William B. Nash, Treasurer
Keith, President
of Directors: L. H. Carr, T. F. Crowell, A. E. Cushing, Harry Dunbar, W. H. Emerson, F. R. Hayward*,
G. M. Howard, E. A. Keith, E. H. Keith, H. L. Kingman*, A. B. Marston, 3rd, C. E. Moore, W. B.
Nash, W. T. Packard, Lars Peterson, H. C. Ripley*, F. M. Wade, H. H. Williams.
Board
Regular meeting for receipt of moneys the second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
tional banks
Cash and cash items
10, 1927
Liabilities
,917,700
114,650
3,600
2,700
800
8,256
2,308
957
00
00
00
00
00
34
73
85
86,416 78
2,497 87
Dues capital
Profits capital
$3,047,149
692,828
801,600
421,600
.
Matured share
Forfeited share account
Guaranty fund
Surplus
34,324 17
25,112 83
Interest
754 06
2 50
630 36
21,507 50
4,431 86
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Legal account
$5,139,887 57
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New
$5,139,887 57
Membership
,
12,005
7,948
132
1,657
58,879
28,939
51
00
00
46 78
89,900 00
certificates
certificates
Paid-up share
00
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
.
.
.
.
.
.
.
.
.
.
4,399
1,879
4,149
501
...
Paid-up share certificates
series issued in April, October.
293
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
2%%;
term,
Matured Share
3%.
Certificates
second term,
2%%.
Paid-up Share Certificates
First term, 2^%; second term, 2Y2 %.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old;
5 to 8 years old; after 8 years, none.
10% on
series
Rates and Averages on Loans
1,576 real estate loans (average, $3,120 each; average rate, 6%): 6%, $4,917,700.
481 share loans (average, $266 each; average rate, 6%): 6%, $114,650.
12 loans on matured share certificates : 6%, $3,600.
9 loans on paid-up share certificates: 6%, $2,700.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$10,883.27
2.11
Rent
L.181.60
.23
* Security Committee.
$195.40
Other
Expenses
$1,740.21
.04
.34
Advertising
Total
$14,000.48
2.72
'
P.D.
8,
55
Part III.
BROCKTON — MONTELLO CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: W. L. Douglas Shoe Co., E. E. Taylor Co., and
Geo. E. Keith Co.)
Incorporated August 11, 1911.
Began business September
14,
1911
Arvid E. Wetzell, Treasurer
Walter E. Johnson, President
Board of Directors: S. P. Alden, D. W. Battles, William Cochran, W. R. Cook, J. J. Cooper, J. L. Emery*,
J. H. Gordon, E. L. Gowdy, W. F. Hall*, H. C. Johnson, W. E. Johnson, P. S. Jones, M. D. Long, W. L.
Merrill, A. E. Nelson, R. A. T. Nelson, C. D. Nevins, J. B. Nye*, A. R. Perkins, F. L. Price, C. C. Reed,
B.
J.
Torrey, E. L. Tribou, A. E. Wetzell.
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
1927
13,
Liabilities
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid fines
Temporary expense account
Insurance and taxes paid
Due from trust companies and national banks
Cash and cash items
.....
.
00
00
00
00
24
1,339 72
370 98
$1,307,850
22,980
7,070
180
65
....
Dues capital
Profits capital
.
.
$602,575
118,390
473,200
101,200
44
22,806
22,635
7,826
.
Matured share
certificates
certificates
Paid-up share
Forfeited share account
.
Guaranty fund
Surplus
Interest
28,547 28
1,000 00
12
50
195 38
20,351 31
54 00
12 62
110 56
Transfer fees
1
Withdrawal profits
Due on uncompleted loans
Security committee
Other liabilities
Due on foreclosure sales
$1,369,403 22
$1,369,403 22
Membership
Serial Shares
Issued during year
....
....
....
.....
....
Withdrawn during year
4,371
1,831
24
Forfeited during year
487
Matured during year
.
.
13,788
Shares in force
7,378
Shares now pledged
New series issued in March, June, September, De.
00
81
00
00
00
54
38
.
Members
T
Members who
1,312
— are borrowers
503
Unmatured shares
Matured share certificates
Paid-up share certificates
1,081
Holders
of:
cember.
327
75
Profits Distributed
Unmatured Shares and Matured Share
1%%\
second term,
fourth term, 1%%.
First term,
iys %;
Paid-up Share
Certificates
1%%;
Certificates
1J4%; second term, \}/i%;
fourth term, \\i%.
First term,
1M%;
third term,
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old;
from 5 to 8 years, after 8 years, none.
third term,
10% on
series
Rates and Averages on Loans
437 real estate loans (average, $2,993 each; average rate, 6%): 6%, $1,307,850.
107 share loans (average, $215 each; average rate, 6%): 6%, $22,980.
18 loans on matured share certificates: 6%, $7,070.
1 loan on paid-up share certificates: 6%, $180.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$4,337.18
3.17
$614.29
$292.37
.45
.21
Other
Expenses
$1,456.94
1.06
Total
$6,700.78
4.89
BROCKTON — SECURITY CO-OPERATIVE BANK
Incorporated December 17, 1877.
Began business December
Bernard B. Winslow, President
20, 1877
(Office Vacant), Treasurer
Milton E. Smith, Assistant Treasurer
Board of Directors: G. D. Anthony, J. T. Corcoran*, H. S. Crocker, C. W. Dailev, Fred Drew, G. N. Gordon,
J. H. Gordon, M. J. Gordon, S. M. Hayward*, J. N. Howard, J. J. Hurley, Kenneth McLeod, J. B. Nye,
David Perkins, H. A. Poole*, F. M. Sherburne, G. A. Thatcher, E. M. Thompson, B. B. Winslow, F. T.
Youngquist.
Regular meeting for receipt of moneys the third Thursday of each month.
* Security Committee.
—
56
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
20, 1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Unpaid fines
Temporary expense account
....
Dues capital
Profits capital
00
00
00
00
34
636 54
3,422 76
Surplus
1,466 69
Interest
$5,918,150
112,430
15,875
6,000
24,606
....
Insurance and taxes paid
trust companies and na
banks
Cash and cash items
tional
$2,999,957
594,704
1,670,400
606,800
Matured share
Paid-up
certificates
share certificates
Forfeited share account
36
....
....
.
Guaranty fund
Due from
Transfer fees
Due on uncompleted
110,936 58
13,591 20
Other
liabilities
143,490
131,217
38,388
6
loans
.
.
21,883
230
.
$6,207,115 11
Membership
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
series issued in
00
95
00
00
00
00
45
77
75
75
44
$6,207,115 11
Serial Shares
New
Part III.
....
Members
Members who
16,906
11,716
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders of
390
2,039
65,724
33,102
6,224
1,946
:
Paid-up share
5,105
1,195
594
certificates
March, June, September, De-
cember.
Profits Distributed
Unmatured Shares
First term,
iy8 %;
\%%;
second term,
W %.
fourth term,
1%%;
Matured and Paid-up Share
1M%;
second term,
fourth term, 1%%.
First term,
1M%;
third term,
%
Certificates
1M%;
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,611 real estate loans (average, $3,674 each; average rate, 5.97%): 53^%, $318,850; 6%, $5,599,300.
561 share loans (average, $200 each; average rate, 5.99%): 53^%, $1,565; 6%, $110,865.
39 loans on matured share certificates : 6%, $15,875.
17 loans on paid-up share certificates: 6%, $6,000.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$11,937.50
1.92
.
Advertising
Other
Expenses
$2,057.71
$5,878.97
1,012.96
.33
.95
3.87
1,138.78
.67
Total
BROOKLINE — BROOKLINE CO-OPERATIVE BANK
Incorporated
John W.
March
Began business
13, 1895.
May
2,
1895
Anna N.
Shields, President
Patten, Treasurer
Board of Directors: C. A. Bowditch*, C. A. Delano*, Dennis Driscoll*, F. W. Files*, C. A. Leavitt, E. B.
Moore, W. D. Paine*, J. W. Shields*, H. A. Varney.
Regular meeting for receipt of moneys the
first
Thursday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Loans on real estate
Loans on shares
Bonds and notes
Unpaid interest
Unpaid fines
Due from trust companies and national banks
Cash and cash items
.
.
.
.
.
.
....
.
.
1927
Liabilities
Assets
.
6,
.
.
00
00
00
47
216 38
$2,009,625
50,850
25,000
2,267
87,285 80
185 01
Dues capital
Profits capital
.
....
....
.
.
Matured share certificates
Paid-up share certificates
Forfeited share account
Matured share account
Guaranty fund
Surplus
.
.
.
.
.
.
.
.
.
00
83
00
00
1,761 63
93,580 80
35,852 40
$1,308,477
256,452
249,000
197,200
22,633 14
4,200 00
certifi-
...
3,806 86
certifi-
2,465 00
$2,175,429 66
$2,175,429 66
* Security
.
.
loans
Dividends on matured share
cates
Dividends on paid-up share
cates
.
.
.
.
Due on uncompleted
.
.
Committee.
—
P.D.
8,
57
Part III.
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New
series issued in
.....
Members
Members who
6,100
3,930
53
1,078
28,121
11,104
.
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
2,199
539
of:
Paid-up share
2,047
194
152
certificates
February, May, August, NoProfits Distributed
vember.
Unmatured Shares and Matured Share Certificates
%
First term, \ /%%\
second term, 1%%; third term,
1%%;
1%%.
fourth term,
Paid-up Share
1*4% second
First term,
1M%;
;
Certificates
term, 1}£%; third term,
1M%-
fourth term,
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
475 real estate loans (average, $4,231 each; average rate, 5.98%): 5*A%, $85,275; 6%, $1,924,350.
128 share loans (average, $397 each; average rate, 6%): 6%, $50,850.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Other
Expenses
Salaries
Rent
$4,416.61
2.03
$980.35
Total
$3,277.06
1.51
.45
3,674.02
3.99
BROOKLINE — COOLIDGE CORNER CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 209 Washington Street, Boston)
Incorporated June 23, 1920.
Began business June
23, 1920
George R. Slader, Treasurer
James D. Henderson, President
W. D. Allen, Samuel Barkin, G. M. J. Bates*, A. M. Berger, B. G. Carlson*, A. J. CaulEric Courtney, A. P. Crosby*, R. C. Floyd, Josiah Hathaway, J. D. Henderson*, J. H. Henderson,
E. H. Hill, J. H. King, M. D. Mealey, C. A. Norwood, H. E. Page, W. W. Paige*, J. M. Pullman, G. H.
Richardson, D. A. Rollins, G. R. Slader, William Smith, Jr., E. H. Sondheim, W. H. Stevens, E. L. Sturtevant, J. E. Thomas, G. H. Wyman.
Board of Directors:
field,
Regular meeting for receipt of moneys the third Wednesday
each month.
of
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
.
.
.
.
Temporary expense account
Due from trust companies and nabanks
Cash and cash items
tional
.
.
19, 1927
Liabilities
.
.
$493,600 00
23,856 00
558 65
Dues capital
Profits capital
Paid-up share
certificates
Forfeited share account
52,492 95
622 15
$429,788
57,950
57,600
584
5,047
10,867
5,777
166
3,305
42
.
.
Guaranty fund
Surplus
Interest
Fines
....
Due on uncompleted
loans
Security committee
$571,129 75
Membership
Issued during year
....
.
71
00
51
46
70
72
65
00
00
$571,129 75
Serial Shares
Withdrawn during year
00
.
2,503
2,100
144
11,479
3,185
Forfeited during year
Shares in force
Shares now pledged
New series issued in March, June, September, De-
Members
Members who
.
Holders
of:
Unmatured
shares
Paid-up share
cember.
776
132
.
— are borrowers
732
55
certificates
Profits Distributed
First term,
A%;
1 3
Unmatured Shares
second term, 1%,%; third term,
1%%;
fourth term,
1%%.
Paid-up Share
Certificates
First term, \}/i%; second term,
1M%;
fourth term, 1}4%.
Proportion of profits retained on voluntary withdrawals, none.
* Security
Committee.
1M%',
third term,
—
58
88
P.D.
Part III.
8,
Rates and Averages on Loans
average rate, 6.28%): 6%, $230,000; 6}i%, $246,600; 7%, $17,000.
$302 each; average rate, 6.02%): 6%, $23,251; 6J^%, $375; 7%, $230.
real estate loans (average, $5,609 each;
79 share loans (average,
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
$144.63
$1,410.00
2.47
.
Other
Expenses
$542.58
Advertising
Salaries
.25
Total
$2,097.21
3.67
.95
CAMBRIDGE — CAMBRIDGE CO-OPERATIVE BANK
Incorporated September
5,
1877.
Began business September
1877
12,
Fred W. Sleeper, Treasurer
John P. McCormick, President
Donald N.
Sleeper, Assistant Treasurer
J. Callahan*, J. S. Condinho, T. J. Conroy*, E. W. Coyle, T. F. Hurley, F. L. Kirchgassner, W. E. Knight, G. E. Lakschewitz, William Laverty, E. J. Martin*, E. J. Martin, 2d, F. C. McBride, J. P. McCormick, Lorenzo Nocella, Henry Reno, D. N. Sleeper, F. W. Sleeper, C. J. Williams.
Board of Directors: F.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
Loans on real estate
Loans on shares
Due from trust companies and national banks
Cash and cash items
.
_
.
.
.
13, 1927
Liabilities
.
.
$640,050 00
7,045 00
16,142 86
4,191 45
....
....
....
Dues capital
Profits capital
$356,546 00
71,548 83
219,000 00
6,812 81
3,668 62
7,000 00
42 00
Matured share certificates
Guaranty fund
Surplus
Due on uncompleted
loans
Security committtee
Dividends on matured share
cates
certifi
2,811 05
$667,429 31
$667,429 31
Membership
Serial Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
New series issued in February,
2,466
1,119
392
....
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
8,018
3,604
830
206
of:
718
163
May, August, NoProfits Distributed
vember.
Unmatured Shares and Matured Share
1%%;
second term,
lVs%; fourth term, iy8 %.
First term,
Certificates
1%%;
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
177 real estate loans (average, $3,616 each; average rate, 6.40%): 6%, $129,250; €>H%, $510,800.
29 share loans (average, $243 each; average rate, 6.44%): 6%, $830; 6^%, $6,215.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
53,326.50
$157.50
$99.65
4.98
.24
.15
Other
Expenses
$787.61
1.18
Total
4,371.26
6.55
CAMBRIDGE — CENTRAL SQUARE CO-OPERATIVE BANK
Harvard Trust Company, Harvard Square,
Cambridge)
(Other authorized location for receipt of moneys:
Incorporated June 12, 1922.
Henry
Board
Began business June
1922
John D. Crowley, Treasurer
F. Ramhofer, President
of Directors: R. A. Ahern,
15,
Samuel Anderson, D. A. Buckley, R. R. Cameron,
Downey, H. H.
J.
Fiske, C. A. Geilfuss, F. J. Good, J. F. Hayes, C. T.
Dermott*, E. F. O'Shea, Jr., Samuel Pill, J. W. Powers*, H. F. Ramhofer, W.
Shea, J. J. Shine*, W. J. Whelan, J. F. White*, J. M. Whouley.
ley, T. F.
J. D. CrowMacDonald, B. E. McH. Reardon, Jr., J. E.
A. Carrig*,
Regular meeting for receipt of moneys the third Thursday of each month.
* Security Committee.
i
P.D.
8,
Part
59
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
....
....
Loans on real estate
Loans on shares
Temporary expense account
Due from trust companies and national banks
.
20, 1927
.
.
.
.
Dues capital
Profits capital
$305,600 00
11,725 00
419 78
00
22
00
64
1,796 43
$264,976
25,885
32,200
2,756
.
Paid-up share certificates
Forfeited share account
Guaranty fund
16,196 10
Surplus
Fines
.
Withdrawal profits
Security committee
Rents
Membership
Serial Shares
Issued during year
....
now pledged
series issued in
Members
Members who
2,663
2,392
120
8,557
2,110
.
Forfeited during year
Shares in force
New
19
$333,940 88
$333,940 88
Shares
35
90
00
125 00
.
Withdrawn during year
15
2,864
3,021
126
172
17
Interest
Holders
of:
—
are borrowers
Paid-up share
.
.
628
39
certificates
March, June, September, De-
cember.
647
105
....
...
Unmatured shares
.
Profits Distributed
Unmatured Shares
1%%;
First term,
iy8 %;
second term,
fourth term,
1%%.
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
25%
on
fourth term,
134%;
third term,
1M%.
than 5 years old;
series. less
third term,
Certificates
First term, 1}4%', second term,
1M%;
\%%;
10%
thereafter.
Rates and Averages on Loans
58 real estate loans (average, $5,269 each; average rate, 6%): 6%, $305,600.
47 share loans (average, $249 each; average rate, 6%): 6%, $11,725.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
;l,712.86
$366.40
1.10
$195.36
5.12
Other
Expenses
$649.03
Total
2,923.65
8.75
1.94
.59
CAMBRIDGE — COLUMBIAN CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Brown Durrell Company, 104 Kingston Street,
Boston)
Incorporated
May
6,
1892.
Began business June
1892
6,
Sherman R. Lancaster, President
Board of Directors:
J.
Herbert H. Dyer, Treasurer
gell, J.
E. Spilse,
W. E. Burrage, II. H. Dyer, A. B. Fopiano, A. N. HederH. L. Lincoln*, H. B. Mclntire, C. H. Montague*, A. F. Pettin-
A. Blevins*, A. F. Buffum,
stedt*, J. P. Kelley, S. R. Lancaster*,
J.
W.
Waters.
Regular meeting for receipt of moneys the second
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Unpaid interest
Unpaid fines
....
Insurance and taxes paid
10,
1927
Liabilities
$726,725 00
19,910 00
1,900 00
2,823 00
3,371 03
317 68
2,349 36
Dues capital
Profits capital
.
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
$468,031
100,849
115,200
49,000
25,102
5,844
00
35
00
00
51
84
Due from
trust companies and na
banks
Cash and cash items
tional
6,608 85
22 78
$764,027 70
* Security Committee.
$764,027 70
60
P.D.
Issued during year
1,795
Withdrawn during year
Matured during year
963
349
Shares in force
Shares now pledged
9,429
4,106
series issued in
Part III.
Membership
Seria! Shares
New
8,
May, November
Members
Members who
Holders of
:
894
205
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
768
109
35
certificates
Profits Distributed
Unmatured Shares
First term,
2%%;
second term,
2%%.
Matured and Paid-up Share
Certificates
l
2J^%; second term, 2 A%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
1 80 real estate loans (average, $4,037 each; average rate, 5.94%)
5%, $46,200; 6%, $671,325; 6^%,
48 share loans (average, $463 each; average rate, 6%): 6%, $19,910.
2 loans on matured share certificates : 6%, $1,900.
Total Expenses for Year
First term,
$9,200.
:
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$2,609.07
3.41
$487.04
$34 75
.64
.05
Other
Expenses
$277.69
.
Total
3,408.55
4.46
.36
CAMBRIDGE — INMAN CO-OPERATIVE BANK
Incorporated June
Charles
S. Cahill,
16, 1913.
Began business July
7,
1913
Edmund
President
T. Howard, Treasurer
Board of Directors: J. J. Boyle, C. S. Cahill*, J. J. Canney, J. S. Cassedv*, E. A. Counihan, Jr., A. B. Fopiano,
M. F. Groden, R. L. Ham, M. J. Harty* E. T. Howard, J. H. Hurley, J. F. Kelley, Thomas Leighton,
A. E. Lynch*, G. F. McKelleget, L. T. Myles, J. H. O'Brien, D. F. Owens, J. J. Quinlan*, F. F. Rogers,
Jr.,
E.
J. St.
Coeur.
Regular meeting for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
Furniture and fixtures
Loans
Loans
Loans
Loans
,827,231 00
63,422 00
7,580 00
800
518
440
79
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
tional
17, 1927
Liabilities
00
08
95
63
Dues capital
Profits capital
$1,113,702
240,328
570,800
68,800
1,214
16,581
5,547
6,686
186
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
banks
135,235 76
Cash and cash items
50 00
Fines
Transfer fees
.
1
Withdrawal profits
Due on uncompleted loans
Security committee
196
11,200
112
$2,035,357 42
....
....
....
....
Membership
Issued during year
7,247
4,250
66
Forfeited during year
Matured during year
1,659
Shares in force
24,577
11,521
Shares now pledged
New series issued in January, April, July, October.
.
.
.
.
.
.
.
.
51
25
25
69
00
00
$2,035,357 42
Serial Shares
Withdrawn during year
00
09
00
00
90
90
83
Members
Members who
2,141
— are borrowers
656
Unmatured shares
Matured share certificates
1,911
Holders
of:
Paid-up share
403
57
certificates
Profits Distributed
Unmatured Shares
First term,
1%%;
13^%; second term, 1J^%;
fourth term,
Matured Share
1H%;
Certificates
1%%;
second term,
fourth term, 1%%.
First term,
Paid-up Share
l%%;
1?4%; second term, 1M%>;
1M%;
1M%-
Proportion of profits retained on voluntary withdrawals, 25%.
* Security Committee.
third term,
Certificates
First term,
fourth term,
third term,
iy2 %.
third term,
-
P.D.
8,
61
Part III.
Rates and Averages on Loans
407 real estate loans, (average, $4,490 each; average rate, 6%): 6%, $1,826,031; 7%, $1,200.
239 share loans (average, $265 each; average rate, 6%): 6%, $63,422.
9 loans on matured share certificates: 6%, $7,580.
1 loan on paid-up share certificates : 6%,
Total Expenses for Year
Rent
Advertising
$856.92
$81 10
04
Salaries
Amount
paid for
Cost per $1,000 of assets
$4,646 00
2 28
.
.42
Other
Expenses
$1,267.88
Total
$6,851.90
3.36
.62
CAMBRIDGE — NORTH CAMBRIDGE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 424 Massachusetts Avenue, Lexington)
*
Incorporated June 27, 1912.
Began business July
9,
1912
Edward
Frank E. Viano, President
Griffin, Treasurer
of Directors: S. P. Bowen, H. C. Brown, H. E. Clark, J. J. Conley, J. W. Connor*, J. B. Dore, O. C.
Francis*, T. I. Freeburn, Isidore Gottesman, Edward Griffin, J. H. Harrington, T. E. Kennedy, John D.
Lynch*, J. D. Lynch, T. W. Lynch, C. O. Mason, F. X. Masse, John McKenzie*, P. J. Nelligan, James
Proudfoot, L. J. Reynolds, E. L. Tyler, A. E. Viano, F. E. Viano*.
Board
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Furniture and fixtures
Temporary expense account
Due from trust companies and na
banks
Cash and cash items
1927
Liabilities
00
00
00
00
82
701 82
,202,050
68,402
6,370
1,640
4,998
Dues capital
Profits capital
$1,216,503
241,242
714,400
112,800
2,655
25,648
12,337
11,574
.'
Matured share certificates
Paid-up share certificates
Forfeited share account
....
....
.....
.
Guaranty fund
Surplus
23,569 43
32,405 05
tional
11,
Interest
Fines
223
76
Withdrawal profits
Due on uncompleted loans
Security committee
Personal accounts
Other
1,047
115
13
.
1,500
liabilities
$2,340,137 12
$2,340,137 12
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
.
9,762
5,474
118
....
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
1,693
28,976
13,464
series issued in January, April, July, October.
.
Shares in force
Shares now pledged
New
00
09
00
00
49
76
76
82
03
08
49
00
60
00
of:
—
Paid-up share
2,315
638
2,095
459
114
certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 1^8%; second term, 1%%; third term,
1%%;
fourth term,
1%%.
Paid-up Share
First term,
1%%; fourth
Proportion of profits retained on voluntary withdrawals,
none.
25% on
Certificates
13^%; second term,
series less
1M%;
third term,
1M%-
term,
than 3 years old; after 3 years,
Rates and Averages on Loans
518 real estate loans (average, $4,251 each; average rate, 6%): 6%, $2,202,050.
138 share loans (average, $496 each; average rate, 6%): 6%, $68,402.
17 loans on matured share certificates : 6%, $6,370.
5 loans on paid-up share certificates: 6%, $1,640.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$5,356.00
2.29
Rent
L,
167. 74
.49
* Security Committee.
Advertising
1.25
,13
Other
Expenses
$1,087.02
.47
.
Total
$7,909.01
3.38
62
P.D.
8,
Part III.
CAMBRIDGE — RELIANCE CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 553 and 2074 Massachusetts Avenue)
Incorporated July
Began business July
16, 1889.
1889
16,
Edward W. White,
Fred L. Beunke, President
Treasurer
Harry R. Andrews, Assistant Treasurer
Board of Directors: F. L. Beunke*, A. S. K. Clark, W. S. Cooledge, J. F. Downey, S. T. Gano, R. C. Grovestein*, A. W. Haines, J. W. Hunnewell, H. F. Peak*, C. F. Pierce, E. A. Snow, W. H. Sprague, S. I. B.
Stodder, J. F. Sullivan, E. W. White.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
Banking house
Unpaid interest
Furniture and fixtures
13, 1927
Liabilities
Dues
00
00
00
00
69
44
00
77
00
933 01
617 75
capital
Profits capital
$3,896,875
90,510
16,735
2,290
6,484
104
89,800
9,367
1,700
Temporary expense account
Insurance and taxes paid
Matured share
trust companies and na
banks
Cash and cash items
certificates
share certificates
Paid-up
Forfeited share account
Surplus
....
Interest
Fines
Withdrawal profits
Due on uncompleted loans
Security committee
Personal accounts
41,495 49
4,818 75
.
$4,161,731 90
$4,161,731 90
Membership
Serial Shares
Members
Members who
Issued during year
11,628
8,116
Forfeited during year
168
Matured during year
1,909
Shares in force
46,644
Shares now pledged
23,486
New series issued in January, April, July, October.
Withdrawn during year
00
93
00
00
1,749 10
125,000 00
10,131 16
19,588 35
323 25
429 80
5,291 05
30 00
1,106 26
.
Guaranty fund
Due from
tional
$2,100,661
404,021
1,278,200
215,200
.
.
Holders
of:
4,135
1,257
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
3,507
907
181
certificates
Profits Distributed
Unmatured Shares
First term, \
1
%%;
A%;
Z
second term,
Matured Share
fourth term,
6
third term,
Certificates
First term, l 5/f6 %; second term,
1^ %;
\ %/%%;
1%%.
fourth term,
l 5/f6
%;
third term,
1%%.
Paid-up Share Certificates
1J€%; second term, 134%; third term,
fourth term, 1J4%-
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
25%
on
series less
than 5 years old;
10%
thereafter.
Rates and Averages on Loans
919
real estate loans (average, $4,240 each;
average rate, 5.95%):
5 7 /io%, $300; 6%, $3,520,675.
801 share loans (average, $113 each; average rate, 6%):
SO loans on matured share certificates: 6%, $16,735.
4 loans on paid-up share certificates : 6%, $2,290.
6%,
5%,
$24,000; 5V6%, $350;
5J^%, $351,550;
$90,510.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
58,735.00
2,241.
2.10
Other
Expenses
Advertising
84
$347.68
$1,844.52
.54
.08
.44
Total
$13,169.04
3.16
CANTON — CANTON CO-OPERATIVE BANK
Incorporated January
10, 1891.
Began business February
10,
1891
James E. Grimes, Treasurer
John B. Robinson, President
Board of Directors: R. J. Baldwin, F. H. Bisbee, E. C. Britton*, H. B. Capen, J. G. Estey*, John Everett*,
M. H. Galligan, J. E. Grimes, P. M. Leavitt, J. A. O'Leary, J. B. Robinson*, T. I. Sheehan, L. E. Smith,
D. G. Trayers*.
Regular meeting for receipt of moneys the second Tuesday of each month.
* Security Committee.
P.D.
8,
Part
63
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
.
Temporary expense account
Due from
Liabilities
....
....
Loans on real estate
Loans on shares
Common form mortgages
trust companies
banks
Cash and cash items
tional
.
.
.
.
$1,041,000 00
27,420 00
100 00
.
.
640 35
Dues
capital
Profits capital
Forfeited, share account
.
Surplus
15,634 85
5,404 38
.
.
Matured share account
Guaranty fund
and na-
.
1927
11,
Interest
'
Premiums
.
Withdrawal profits
Due on uncompleted loans
$1,090,199 58
Membership
Serial Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
New series issued in February, August.
....
.
81
70
02
20
336 20
1 00
830 37
6,400 00
Fines
Transfer fees
$1,090,199 58
00
78
00
50
$810,878
180,589
15
30,025
26,113
20,757
13,447
805
......
—
Members
Members who
2,808
1,571
614
Holders
of:
are borrowers
Unmatured shares
15,575
5,970
1,293
465
.
.
.
.
1,293
.
Profits Distributed
Unmatured Shares
First term, 3Vio%; second term, 3 x /io%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
$2,635 each; average rate, 6.30%): 6 3 /io%, 41,041,000.
71 share loans (average, $386 each; average rate, 6.30%): 6 3 /io%, $27,420.
395 real
estate loans (average,
Total Expenses for Year
Rent
Salaries
Amount paid
for
Cost per $1,000 of assets
.
Other
Expenses
$443.37
Advertising
$300 00
$2,000.00
1.83
.
.28
Total
2,743.37
2.52
.41
CHELSEA — CHELSEA CO-OPERATIVE BANK
(Other authorized location for receipt of moneys:
Incorporated October 25, 1910.
Room
12,
Pemberton
Began business November
Fred A. Pitcher, President
2,
Bldg., Boston)
1910
George
I.
M. Hayes,
Treasurer
H. Akins, J. E. Beck, M. J. Casey*, J. M. Curley, T. F. Driscoll, W. S. Fracker*, J. H.
Gilmore, G. I. M. Hayes*, C. S. Hobart, Eben Hutchinson, G. A. Johnson, B. P. Nicholls, F. E. Parlin,
F. A. Pitcher, Clarence Richmond, S. H. Robie, Abram Salter, David Walper, R. S. Wentworth, C. A.
West, C. H. Wilbar.
3oard.of Directors : G.
Regular meeting for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
joans on real estate
l/oans on shares
lioans on matured share certificates
joans on paid-up share certificates
Jnpaid interest
Jnpaid fines
....
$770,675 00
14,465 00
1,800 00
500 00
3,238 58
483 47
Due from trust companies and na
banks
Hash and cash items
tional
5,
1927
Liabilities
Dues
....
capital
Profits capital
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
.
....
.
Guaranty fund
13,008 03
1,204 58
Surplus
Bills payable for
money borrowed
Due on uncompleted loans
Security committee
Overs and shorts
cates
....
....
Dividends on paid-up share
cates
$805,374 66
* Security Committee.
1,026
11,255
11,466
16,000
15,063
65
.
Dividends on matured share
$378,071
69,154
275,200
23,600
552
2
00
57
00
00
56
20
71
41
00
74
00
72
certifi
3,621 75
certifi
295 00
$805,374 66
64
P.D.
Serial Shares
Issued during year
Withdrawn during year
.
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New
Part
III.
......
3,119
1,544
Members
Members who
88
506
9,417
Holders
4,559
series issued in
8,
Membership
of:
— are borrowers
957
371
....
.
Unmatured shares
Matured share certificates
Paid-up share
849
242
20
...
.
certificates
February, May, August, No-
vember.
.
.
.
Profits Distributed
Unmatured Shares
1%%;
First term,
second term,
F/f6 %; fourth term, V/m%.
Matured Share
\%%;
fourth term,
\%%,
Paid-up Share
z
\ /s%',
third term,
Certificates
l}i%; second term,
fourth term, \}&%.
First term,
1H%;
third term,
Certificates
\Y%%\ second term,
First term,
l%%;
1M%;
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
327 real estate loans (average, $2,357 each; average rate, 6.18%): 6%, $631,725; 7%, $138,950.
46 share loans (average, $314 each; average rate, 6%): 6%, $14,465.
3 loans on matured share certificates: 6%, $1,800.
1
loan on paid-up share certificates:
6%,
$500.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
i3,288.00
$627.70
1.53
4.08
.78
.36
Other
Expenses
Advertising
Total
$1,212.68
1.50
5,414.91
6.72
CHELSEA — PROVIDENT CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 108 Water Street, Boston; 377 Washington
Avenue, Chelsea; Horace Memorial Hall, Webster Avenue, Chelsea)
Incorporated September 25, 1885.
Began business September
"Walter L. Martin, President
28, 1885
Charles
W.
Gould, Treasurer
Board of Directors: A. B. Atwood, C. W. Gould, W. D. Grover* E. K. Hamill, G. E. Hutchins*. F. W. Kimball, B. T. Martin, W. L. Martin, William Martin, R. O. Rockwell, Jr.*, H. M. Russell, E. H. Walker.
Regular meeting for receipt of moneys the fourth
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Bonds and notes
Real estate by foreclosure, etc
Insurance and taxes paid
Due from trust companies and na
tional banks
.
24, 1927
Liabilities
,604,600 00
46,350
25,000
9,811
241
Dues capital
Profits capital
.
.
00
00
22
Paid-up share
18
Forfeited share account
.
Guaranty fund
.
59,912 08
.
.
.
,
Matured share
Surplus
certificates
certificates
.
.
.
Due on uncompleted loans
Personal accounts
Dividends on matured share
.
cates
.
.
.
Dividends on paid-up share
cates
$1,745,914 48
* Security Committee.
.
.
.
$1,038,727
228,172
371,200
8,000
55
32,176
39,473
18,100
00
73
00
00
54
92
54
00
500 00
certifi-
9,308 75
.
certifi.
.
200 00
$1,745,914 48
>.D. 8,
Part
65
III.
Membership
Serial Shares
sued during year
r
ithdrawn during year
orfeited during year
1,114
20,030
9,400
1,710
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
1
[atured during year
lares in force
lares now pledged
ew series issued in
Members
Members who
4,460
2,219
—
of:
521
....
.
.
1,671
...
Paid-up share certificates
May, November
.
282
.
6
Profits Distributed
Unmatured Shares
First term,
2%%;
First term,
2%%;
2%%-
second term,
Matured Share
Certificates
2%%.
second term,
Paid-up Share
Certificates
2J^%; second term,
on voluntary withdrawals, 25%.
First term,
Proportion of profits retained
2^%.
Rates and Averages on Loans
,9
18
real estate loans
(average, $3,574 each;
5M%.
average rate, 5.97%):
$1,524,950.
share loans (average, $473 each; average rate,
$4,950;
5^%,
$74,700;
6%,
6%): 6%, $46,350.
Total Expenses for Year
mount paid
for
Dst per $1,000 of assets
.
Salaries
Rent
$6,386.25
3.66
$720.00
$1,164.94
.41
.67
Other
Expenses
Advertising
$2,758.13
1.58
Total
$11,029.32
6.32
CHELSEA— VICTORY CO-OPERATIVE BANK
Incorporated February 24, 1920.
lomas F.
Began business March
8,
1920
Daniel H. Sullivan, Treasurer
Driscoll, President
ard of Directors: J. M. Bloomberg, Campbell Bosson, W. F. Callahan, J. J. Carroll, T. F. Driscoll, J. J.
Foley, G. W. Ford*, C. A. Malone, J. J. McBride, D. J. McCarty, C. J. McDonough, W. J. Murdock,
J. F. Murphy, J. L. Murphy, F. W. Proctor, Julius Rosenberg, Abram Salter, Joseph Slotnick, J. M.
Smith, Daniel H. Sullivan*, D. Henry Sullivan, J. F. Sullivan, J. F. Tierney*, Maurice Tobey, E. J.
Voke, J. F. Webber.
Monday
Regular meeting for receipt of moneys the second
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
ans on real estate
ans on shares
mporary expense account
te from trust companies and na.
fcional.banks
10,
1927
Liabilities
.
.
.
.
$264,250 00
5,950 00
30 00
Dues capital
Profits capital
$224,995
34,376
13,200
728
2,927
.
Paid-up share
certificates
Forfeited share account
17,748 62
Guaranty fund
Surplus
7,652
3,162
72
Interest
Fines
.
Withdrawal profits
Due on uncompleted loans
Overs and shorts
309
500
53
.
$287,978 62
$287,978 62
Membership
Serial Shares
jied
during year
....
.....
....
1th drawn during year
w/feited during year
||res in force
Cures now pledged
||v series issued in
00
83
00
78
85
29
32
65
35
00
55
.
.
.
.
.
.
.
.
831
741
35
5,152
1,813
Members
Members who
Holders
of
:
465
— are borrowers
126
Unmatured
454
shares
Paid-up share certificates
18
March, June, September, De-
iember.
Profits Distributed
Unmatured Shares
First term, ljHi%; second term,
1^%;
fourth term,
1%%-
Paid-up Share
First term,
1H%;
1M%;
third term,
1H%-
f [portion of profits retained on voluntary withdrawals, 25% on series less than 5 years old;
to 8 years old; after 8 years, none.
* Security Committee.
third term,
Certificates
134%; second term,
fourth term,
1%%;
15% on
series 5
66
P.D.
8,
Part
III.
Rates and Averages on Loans
92 real estate loans (average, $2,872 each; average rate, 6.69%): 6%, $75,800; 6J^%,
34 share loans (average, $175 each; average rate, 6.95%): 6%, $250; 7%, $5,700.
5,500;
7%,
$179,950.
Total Expenses for Year
Rent
Advertising
$460.00
1 60
$83.25
Salaries
Amount
paid for
Cost per $1,000 of assets
$1,000.00
3 48
.
.
Other
Expenses
$209.02
.29
.
Total
$1,752.27
6.09
.72
CHESTER — CHESTER CO-OPERATIVE BANK
Incorporated December 31, 1923.
Began business January
Frank Fay, President
10,
Hemenway,
Alfred E.
E. Cooney, S. J. Donnelly*, Frank Fay, John Hakola, A. E.
C. F. Pease*, J. L. Ripley, Thomas Rose*, L. N. Smith, W. H. Stevens,
Board of Directors:
1924
J.
Treasurer
Hemenway, J. H.
M. W. Terrill.
Keefe,
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
Loans on real estate
Loans on shares
Loans on paid-up share
.
.
certificates
.
.
Temporary expense account
Due from trust companies and na.
tional
banks
Cash and cash items
.
13, 1927
Liabilities
.
.
.
$56,050
2,460
350
22
00
00
00
56
32 76
1,608 58
....
....
....
.....
Dues capital
Profits capital
$49,775
3,403
5,200
278
618
Paid-up share certificates
Guaranty fund
Surplus
Interest
Fines
1,141
73
17
15
Withdrawal profits
Security committee
$60,523 90
Issued during year
.
Shares in force
Shares now pledged
New
series issued in
19
85
77
49
72
00
$60,523 90
Membership
Serial Shares
Withdrawn during year
00
88
00
554
538
1,671
422
....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Paid-up share
January, July.
215
46
.
209
certificates
9
Profits Distributed
Unmatured Shares and Paid-up Share
First term,
Proportion of profits retained on voluntary withdrawals,
2^%;
25%
Certificates
X
second term, 2 A%.
of the last distribution.
Rates and Averages on Loans
28 real estate loans (average, $2,002 each; average rate, 6%): 6%, $56,050.
19 share loans (average, $129 each; average rate, 6%): 6%, $2,460.
1 loan on paid-up share certificates: 6%, $350.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
Rent
Advertising
$115.00
1.90
Other
Expenses
$127.53
2.11
Total
$242.5:?
4.0
CHICOPEE — ALDENVILLE CO-OPERATIVE BANK
Incorporated July 31, 1920.
Lionel
J.
Began business September
1,
1920
Joseph C. Drapeau, Treasure
Dugas, President
of Directors: Frank Auchter, J. O. Beauchamp, Homer Cartier, G. A. Charpentier, A. J. Croteau, Josep
Desmarais, Symphorien Desrochers*, C. E. Drapeau, J. C. Drapeau, L. J. Dugas, J. J. Harnisch, Georg
Laroche, H. J. Lavoie, Nicolas Nadeau*. C. E. Poirier, Amedee Robert, E. H. Sittard*, O. J. Terrier
Amherst Theroux.
Board
Regular meeting for receipt of moneys the last Friday of each month.
* Security Committee.
67
D. 8, Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
on real estate
on shares
ins
ins
said interest
from trust
Dues capital
Profits capital
$67,800 00
3,135 00
171 50
.
3
28, 1927
.
Paid-up share
companies and na-
certificates
Forfeited share account
onal banks
h and cash items
.
Guaranty fund
2,090 24
.
00
08
00
46
1,625 00
3,053 03
$52,992
8,110
7,400
366
.
442 33
Surplus
Dividends on paid-up share
cates
certifi
92 50
.
$73,639 07
$73,639 07
Membership
Serial Shares
ed during year
....
....
.....
.
.
'eited during year
ires
in force
Ires
now pledged
.
series issued in
.
Holders
10
1,231
of:
— are borrowers
167
34
.
Unmatured shares
165
9
Paid-up share certificates
414
.
.
....
Members
Members who
261
183
.
.
hdrawn during year
February, May, August, No-
smber.
Profits Distributed
Unmatured Shares
First term,
1V2 %;
second term,
fourth term,
First term,
l%%\
1M%;
1^%.
\
A%\
X
third term,
Paid-up Share Certificates
second term, 1M%; third term,
1M%;
1M%.
fourth term,
portion of profits retained on voluntary withdrawals, 100% on series less than 1 year old; 50%
from 1 to 2 years old; 25% on series from 2 to 3 years old; after 3 years, none.
on
series
Rates and Averages on Loans
6%): 6%, $67,800.
loans (average, $2,825 each; average rate,
hare loans (average, $261 each; average rate, 6%):
zal estate
6%,
$3,135.
Total Expenses for Year
Rent
Salaries
$300.00
4.07
paid for
per $1,000 of assets
joint
Advertising
.
$12.35
.17
Other
Expenses
$162.50
2.20
Total
$474.85
6.44
CHICOPEE — CHICOPEE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: King's Drug Store, Chicopee Falls)
Incorporated June
erick
M.
12, 1909.
Began business August
3,
1909
Joseph R. Hastings, Treasurer
Nichols, President
Directors: F. M. Beesley*, N. B. Carter, James Crompton, S. E. Fletcher, F. C. Flint, J. R. Hastings,
B. Higgins, H. L. Holt, J. P. Kirby, C. A. Ludden*. E. F. McDonnell, F. M. Nichols*, E. J. O'Neil, Jr.,
A. O'Rourke, P. C. Pond, W. H. Trumbull, Samuel Weiner.
% of
J.
J.
Regular meeting for receipt of moneys the
first
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
3
3
3
3
on
on
on
on
shares
matured share
.
.
certificates
.
.
.
.
....
....
ance and taxes paid
accounts
|nal
.
paid-up share certificates
ture and fixtures
>orary expense account
1927
Liabilities
....
real estate
4,
.
.
.
.
from trust companies and naal banks
00
00
00
00
00
1,389 02
74 60
44 35
$611,450
23,866
3,640
50
600
Dues capital
Profits capital
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
20,181 14
Withdrawal profits
Due on uncompleted loans
$661,295 11
* Security Committee.
00
93
00
00
06
64
88
85
46
1 75
788 54
600 00
$415,957
63,341
90,200
41,600
639
10,315
18,985
18,345
519
$661,295 11
—
68
P.D.
Issued during year
.
Forfeited during year
....
Matured during year
Shares in force
Shares
New
now pledged
series issued in
Part I
Membership
Serial Shares
Withdrawn during year
8,
1,475
1,265
Members
Members who
52
122
8,168
3,818
Holders of
.
.
.
.
— are borrowers
:
,i
.
....
.
Unmatured shares
Matured share certificates
Paid-up share
.
.
.
certificates
May, November.
Profits Distributed
Unmatured Shares and Matured and Paid-up SI
Certificates
First term, 2 3^%; second term,
2J^%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 20% on se
from 5 to 6 years old; 15% on series from 6 to 7 years old; 5% on series from 7 to 8 years old; after
8 years, none.
Rates and Averages on Loans
254 real estate loans (average, $2,407 each; average rate, 5.96%) 5%, $18,400;
73 share loans (average, $327 each; average rate, 6%): 6%, $23,866.
5 loans on matured share certificates : 6%, $3,640.
1 loan on paid-up share certificates: 6%, $50.
:
5^%,
6%,
$7,100;
$585,J
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$660.00
1.00
$1,500.00
2.27
Other
Expenses
$743.44
1.12
Advertising
$42.89
.06
Toti
$2,946
CHICOPEE — CHICOPEE FALLS CO-OPERATIVE BANK
Began business November
Incorporated September 13, 1923.
2,
1923
Fred H. Harper, Treas
William E. Donnelly, President
W
Board of Directors: Peter Bardzik, J. O. Beauchamp, W. F. Burgess, E. J. Darcy, Henry Desplaines*,
Donnelly, Joseph Dumont, Joseph Gagne, Charles Galuszka, William Golden, W. L. Goyette, F,
Harper, James Hulton, J. J. Kelly, D.
O'Connell, J. D. O'Connor, Patrick O'Toole*, C. E. Phen
John Reid, W. M. Rogers, Apollinary Roman, M. I. Shea, Benjamin Simpson, A. G. Smith, D. R. Spen
Arthur Woodhall.
W
Regular meeting for receipt of moneys the
first
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Over and shorts
Due from trust companies and n
tional banks
Cash and cash items
7,
Liabilities
Dues
$64,950 00
6,640 00
400 00
3 65
capital
Profits capital
$64,88
.
Paid-up share
5,59'
certificates
Forfeited share account
5,*
4
44
.
Guaranty fund
Surplus
6,424 67
1,29
Due on uncompleted
48 30
40
loans
$78,466 62
$78,46
Membership
Serial Shares
......
Members
Members who
400
376
Issued during year
Withdrawn during year
Forfeited during year
Shares in force
Shares now pledged
New series issued in May, November.
1927
Holders
17
2,013
are borrowers
of:
Unmatured
shares
Paid-up share
694
....
.
certificates
Profits Distributed
Unmatured Shares and Paid-up Share
First term, 2}^%; second term, 23^%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
80 real estate loans (average, $2,165 each; average rate, 6%): 6%, $64,950.
34 share loans (average, $195 each; average rate, 6%): 6%, $6,640.
1 loan on paid-up share certificates: 6%, $400.
Total Expenses for Year
Salaries
Amount
paid for
.
Cost per $1,000 of assets
$162.50
2.07
* Security
Rent
Advertising
$12.50
$61.95
.16
.79
Committee.
Other
Expenses
$50.27
.64
Certified
'.D. 8,
69
Part III.
CLINTON
— CLINTON
CO-OPERATIVE BANK
Began business October
Incorporated September 23, 1887.
illiam L.
Hubbard, President
20, 1887
Charles L. Stevens, Treasurer
Katherine T. Durkin, Assistant Treasurer
of Directors: P. J. Cannon, D. V. Carruth, "W. J. Cox, H. E. Greenwood, L. M. Hills, N. L. Howe*,
L. Hubbard, G. C. Hudson*, E. H. Jaquith, S. W. McRell, H. W. Pickford, B. D. Richter, C. L.
Stevens*, A. R. Stevenson, F. F. Wallace.
mrd
W.
Regular meeting for receipt of moneys the third Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
oans on real estate
oans on shares
oans on matured share certificates
,eal
estate
by
52,378,975
26,870
550
28,281
673
foreclosure etc.
emporary expense account
isurance and taxes paid
494
from trust companies and
banks
|ash and cash items
iue
)t|
20, 1927
Dues
00
00
00
44
06
60
$1,124,666
236,644
920,000
133,800
55
38,094
33,840
14,937
capital
Profits capital
.
Matured share
certificates
certificates
Pidd-up share
Forfeited share account
.
Guaranty fund
Surplus
n
74,112 21
1,757 55
tional
Interest
772
Fines
Transfer fees
1
Due on uncompleted
\
loans
8,850
16
....
Security committee
Rents
35
$2,511,713 86
$2,511,713 86
Membership
Serial Shares
during year
Withdrawn during year
'orfeited during year
latured during year
00
73
00
00
36
04
81
67
50
25
00
50
00
.....
Members
Members who
5,919
4,568
issued
.
Holders
36
936
25,462
....
of:
— are borrowers
Unmatured shares
Matured share certificates
hares in force
bares now pledged
13,019
few series issued in January, April, July, October.
Paid-up share
.
2,455
799
1,975
659
126
.
certificates
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 1}4%; second term, 1J^%; third term,
lH%i
V/% %.
fourth term,
First term,
1H%;
Paid-up Share Certificates
second term, l}i%; third term,
1M%;
1M%.
fourth term,
Proportion of profits retained on voluntary withdrawals, none.
%9
real estate loans
Rates and Averages on Loans
5J^%, $105,650; 6%, $133,850; 7%,
(average, $3,263 each; average rate, 6.87%):
$2,139,475.
72 share loans (average, $373 each; average rate, 6.99%):
8 loans on matured share certificates: 7%, $550.
6%,
$100;
7%,
$26,770.
Total Expenses for Year
onount paid
for
"ost per $1,000 of assets
.
CLINTON
J.
Rent
Advertising
6,708.50
2.67
$762.24
$161.71
.33
.06
— WACHUSETT
Incorporated
ames
Salaries
March
6,
1913.
Other
Expenses
11,131.03
.45
Total
5,763.48
3.51
CO-OPERATIVE BANK
Began business March
13,
1913
Lyman
Goodwin, President
C. Ayers, Treasurer
C. Millie Leighton, Assistant Treasurer
'oard of Directors: E. R. B. Allardice, L. C. Ayers, G. A. Brown, H. A. Burdett, J. H. Coughlin, J. M. Donnelly, J. W. Forrester, J. F. Fuller, J. J. Goodwin, G. H. Hager*, J. D. Hamilton, H. F. Hartwell, F. E.
Howard*, G. Krauss, N. E. Mather, W. R. Mitchell*, J. B. O'Toole*,
Ruane, A. T. Saunders, N. A. Seymour, F. G. Stowers.
J.
H. O'Toole, E. O. Pratt, A.
Regular meeting for receipt of moneys the second Thursday of each month.
* Security
Committee.
J.
P.D.
70
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
tional banks
Cash and cash items
Loans
Loans
Loans
Loans
.
.
8,
,877,520 00
30,708 00
7,280 00
50 00
29,600 00
53,210 19
1,393 43
1,334 47
Dues
13, 1927
capital
Profits capital
$883,521
185,674
784,600
91,600
.
Matured share
certificates
certificates
Paid-up share
Forfeited share account
Interest
Fines
Transfer fees
980 58
2 25
169 29
15J750 00
Withdrawal profits
Due on uncompleted loans
Security committee
48 00
$2,017,968 31
Membership
5,973
3,458
.
Forfeited during year
772
Matured during year
Shares in force
Shares now pledged
1,224
21,322
10,113
New
series issued in
Members
Members who
Holders
of:
2,316
628
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
1,728
629
111
certificates
March, June, September, De-
cember.
Profits Distributed
Unmatured Shares and Matured Share
First term,
\y2
\
1^%;
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
Certificates
\\i%\ second term, 1}4%>
1M%; fourth
real estate loans
Certificates
second term, 1J^%; third term
fourth term, \W7o-
First term,
633
00
23,540 88
12,721 54
18,443 06
Surplus
.
16,785 43
86 79
00
94
00
916 77
Guaranty fund
Serial Shares
Issued during year
III.
Liabilities
$2,017,968 31
Withdrawn during year
Part
50%
term,
third term,
1&%.
of last 3
months' dividend.
Rates and Averages on Loans
6%, $65,750; 6J^%, $1,423,420; 7%,
(average $3,523 each; average rate, 6.59%):
$388 350
81 share loans (average, $379 each; average rate, 6.72%): 6J^%, $17,048;
13 loans on matured share certificates: 6J^%, $6,280; 7%, $1,000.
1 loan on paid-up share certificates: 63^s%, $50.
7%,
$13,660.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$4,398.88
$1,645.86
$503.62
2.18
.81
.25
Advertising
Other
Expenses
$2,481.26
1.23
Total
3,029.62
4.47
COHASSET — PILGRIM CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: G. Dana Yeaton, Scituate Harbor, and Second
National Bank, Boston)
Incorporated April 26, 1916.
Edward
Began business
May
1916
16,
Edward
F. Willcutt, President
L. Stevens, Treasurer
Board of Directors: D. L. Agnew, E. T. Brickett, W. A. Burton, Gilman Churchill, E. W. Crowell, H. E. Fernald, H. T. Fogg, T. L. Grassie, J. E. Harney*, Walter Haynes, E. L. Higgins, C. E. Howe, George Jason,
Cornelius Keefe, M. L. Kerr, A. J. Landry, F. F. Martin, Jr., M. H. Meyer, D. S. Pitkin, A. F, Servan*
Walter Shuebruk, E. H. Sparrell, E. L. Stevens, James Stinson, R. H. Tisdale, C. H. Trott*, G. T. Vedeler
E. F. Willcutt*, J. N. Willcutt, C. M. Woods.
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure,
.
Personal accounts
Due from
tional
etc.
....
.
trust companies
banks
Cash and cash items
18, 1927
Liabilities
$434,750 00
8,069 00
2,282 20
65 90
Dues capital
Profits capital
$339,427
74,111
44,600
239
0C
58
0C
51
5,772 02
7,811 74
50
.
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
and na27,790 92
31 52
Surplus
Transfer fees
Security committee
Dividends on paid-up share
cates
$472,989 54
* Security Committee.
468 26
certifi-
558 93
$472,989 54
J
\D.
Part III.
8,
71
Membership
Serial Shares
isued during year
3,129
Withdrawn during year
orfeited during year
....
tiares in force
Hares
ew
509
61
.
7,930
2,432
now pledged
series issued in
.....
Members
Members who
Holders
of:
— are borrowers
835
204
.
Unmatured shares
Paid-up share
799
36
certificates
February, May, August, No-
vember.
Profits Distributed
Unmatured Shares and Paid-up Share
1M%;
First term,
1M%;
Certificates
second term, 1}£%', third term,
fourth term,
1M%-
roportion of profits retained on voluntary withdrawals, 20% on series less than 4 years old;
from 4 to 8 years old; after 8 years, none.
12J^% on
series
Rates and Averages on Loans
$2,313 each; average rate, 6%): 6%, $434,750.
share loans (average, $269 each; average rate, 6%): 6%, $8,069.
18 real estate loans (average,
W
Total Expenses for Year
mount paid
for
ost per $1,000 of assets
.
Salaiies
Rent
Advertising
1,571.64
$421.93
$167.28
3.32
.89
.36
Other
Expenses
$286.01
.60
Total
$2,446.86
5.17
CONCORD — CONCORD CO-OPERATIVE BANK
moneys: Concord Junction; South Lincoln; Bedford;
Maynard; Walden Street, Concord)
)ther authorized locations for receipt of
Incorporated December
aymond D.
19, 1921.
Began business February
15,
1922
Benjamin Moody, Treasurer
Willard, President
M. Cox*, L. W. Cram, Kennan Damon,
H. W. Flood, W. N. How, E. R. Howard,
G. H. Lovejoy, Bernard McGrath, Benjamin Moody, Thomas Peterson, B. L. Pratt, W. A. Rodday*,
Raymond Wheeler*, R. D. Willard, T. A. Wilson.
oard of Directors: E. B. Caiger, W. B. Conant, J. J. Connorton, C.
H. B. Daniels, G. M. Dimond, R. D. Donaldson*, J. A. Finigan*,
Regular meeting for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
pans on real estate
|)ans on shares
|>ans on paid-up share certificates
Iirniture and fixtures
lamporary expense account
me from trust companies and naitional banks
ush and cash items
.
$502,450 00
21,955 00
790 00
234 49
1,041 26
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
Surplus
5,958 75
11 63
....
....
....
Dues capital
Profits capital
.....
Interest
Fines
Bills payable for
money borrowed
Due on uncompleted loans
Security committee
....
rfeited during year
ares in force
ares now pledged
hw series issued in February,
00
21
00
19
36
55
79
03
00
00
00
Membership
Serial Shares
.
$403,214
43,573
48,800
104
3,410
3,762
7,233
84
15,000
7,225
34
$532,441 13
$532,441 13
ued during year
thdrawn during year
19, 1927
6,421
5,739
14
10,023
3,954
....
—
Members
Members who
Holders
of:
Unmatured
are borrowers
.
917
shares
Paid-up share
958
227
certificates
71
May, August, No-
tvember.
Profits Distributed
Unmatured Shares and Paid-up Share Certificates
1M%; second term, 1}£%; third term,
First term,
1M%;
fourth term,
1M%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
average rate,. 6%) 6%, $502,450.
loans (average, $181 each; average rate, 6%): 6%, $21,955.
on paid-up share certificates: 6%, $790.
19
real estate loans (average, $3,372 each;
it
share
loans
|?
:
* Security Committee.
P.D.
72
8,
Part III
Other
Expenses
$811.88
5,722. 4(
Total Expenses for Year
Amount
paid for
Cost per $1,000 of
.
Salaries
Rent
Advertising
2,475.00
$178.77
$256.75
4.65
.34
.48
Total
1.52
6.9<
DANVERS — DANVERS CO-OPERATIVE BANK
Began business August
Incorporated August 22, 1892.
29, 1892
Arthur E. Perkins, Treasurer
Harry E. Jackson, President
of Directors: C. E. Bragdon*, W. C. Cook*, L. S. Couch*, H. E. Jackson, F. W. Marsh*, H. T. Merrill
C. F. A. Morse, C. F. Newbegin*, J. E. Nightingale, A. E. Perkins, M. C. Pettingell, H. M. Wilkins.
Board
Regular meeting for receipt of moneys the
last
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
31, 1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Furniture and fixtures
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
Dues capital
Profits capital
L.015,715 00
Surplus
$482,989 0C
86,164 02
313,600 0C
76,600 0C
30 0C
17,017 88
19,980 IS
Interest
10,915
.
14,710 00
2,650 00
Matured share
Paid-up
553 00
947 57
certificates
share certificates
Forfeited share account
Guaranty fund
31,763 63
183 57
Fines
Withdrawal
9^
67
50,000 0C
8,242 00
123 00
profits
payable for money borrowed
Due on uncompleted loans
Security committee
Accrued interest
Bills
$1,066,522 77
Issued during year
.
.
Holders
34
709
....
Matured during year
Shares in force
Shares now pledged
series issued in
Members
Members who
3,622
1,488
.
Forfeited during year
New
118
m
$1,066,522
77
Membership
Serial Shares
Withdrawn during year
17
446
295
of:
.
Unmatured shares
Matured share certificates
11,394
5,710
Paid-up share
1,14£
.
.
— are borrowers
395
.
94C
.
certificates
61
February, August.
Profits Distributed
Unmatured Shares
First term,
2%%;
First term,
2^%;
second term,
Matured Share
2%%.
Certificates
second term,
2^%.
Paid-up Share Certificates
First term, 2}i%; second term, 2Y2 %.
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
series less
than 5 years old; after 5 years
Rates and Averages on Loans
loans (average, $2,953 each; average rate, 5.98%): 5^%, $45,750;
48 share loans (average, $342 each; average rate, 6%): 6%, $14,710.
6 loans on matured share certificates : 6%, $2,650.
8U real estate
6%,
$969,965.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$2,199.32
2.06
* Security
Rent
Advertising
$619.71
$424.41
.58
.40
Committee.
Other
Expenses
$725.27
.68
Total
$3,968.7:
3.71
D.
8,
73
Part III.
DEDHAM — DEDHAM CO-OPERATIVE BANK
•
Incorporated February
11, 1886.
Began business February
1886
16,
Anne
ank W. Power, President
F. Smith, Treasurer
ard of Directors: W. W. Baker, M. A. Carney, E. N. Cartwright, A. N. Daniels*, A. D. Hibbard, D. J.
Hurley, P. W. Hutchison, F. B. Kingsbury, F. W. Power, Jeremiah Sweeney*, F. H. Valentine, A. O.
Withington*,
J.
W.
Withington.
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
....
.....
....
on real estate
on shares
on matured share certificates
pmmon form mortgages
;ans
tans
|ans
estate by foreclosure, etc.
ipaid interest
lpaid premiums
ipaid fines
surance and taxes paid
le from trust companies and na-
lal
18,
$2,530,850
48,610
2,900
1,700
6,993
7,321
379
00
00
00
00
76
40
55
740 19
383 43
....
...
....
Dues
capital
Profits capital
Matured share
Paid-up
certificates
share certificates
46,332 22
19,636 87
.
.
.
.
.
.
$1,631,550
396,914
267,200
204,200
28
53,577
69,414
29,766
Forfeited share account
Guaranty fund
Surplus
Due on uncompleted loans
Due on foreclosure sale
.
.
Dividends on matured share
tional banks
|sh and cash items
cates
.
.
Dividends on paid-up share
.
certifi-
5,105 00
$2,665,847 42
Membership
Serial Shares
during year
8,261
3,080
.
during year
fitured during year
fcrfeited
63
....
lares in force
iares now pledged
series issued in
w
16
6,532 48
.
$2,665,847 42
jjithdrawn during year
17
00
00
00
79
certifi.
.
00
37
1,559 45
cates
feued
1927
Liabilities
1,663
31,348
14,776
Members
Members who
2,576
— are borrowers
909
Unmatured shares
Matured share certificates
2,510
183
161
Holders
of:
Paid-up share
certificates
May, November.
Profits Distributed
Unmatured Shares
3%; second
First term,
term,
3%.
Matured and Paid-up Share
2^%;
First term,
Certificates
second term, 2)4%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
i
f
)
$3,183 each; average rate, 6.3%): 6 3 /io%, $2,530,850.
share loans (average, $255 each; average rate, 6.3%): 6 3 /io%, $48,610.
loans on matured share certificates : 6%, $2,900.
real'estate loans (average,
Total Expenses for Year
Salaries
iount paid for
st per $1,000 of assets
.
$4,844.94
1.82
Rent
Other
Expenses
Advertising
$1,536.94
$83 .33
$1,791.63
.57
.03
.67
Total
$8,256 84
3 09
DIGHTON — NORTH DIGHTON CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Engine Hall, Dighton)
Incorporated April
14, 1890.
Began business April
ward T. Cocker, President
21, 1890
Dwight F. Lane, Treasurer
of Directors: W. J. Aspinwall, C. R. Briggs, L. E. Briggs*, C. F. Brownell*, H. T. Childs, Alexander
Chisholm, E. T. Cocker, J. F. Driscoll, J. H. Goff, D. F. Lane, Helen H. Lane, E. E. Lincoln*, H. B.
Seekell, E. E. Spencer, E. F. Walker.
\ird
Regular meeting for receipt of moneys the second
* Security Committee.
Monday
of each
month.
C
74
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Temporary expense account
Pass book account
Other assets
Due from trust companies and national banks
Cash and cash items
.
8,
10, 1927
Liabilities
$520,530
8,655
2,245
200
00
00
00
00
2,161 52
62 50
42 00
30
Dues capital
Profits capital
$301,494
58,772
144,800
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
13,418 51
280 29
Forfeited during year
Shares in force
Shares now pledged
New
(
(
(I
(
(
payable for money borrowed
Due on uncompleted loans
10,000
2,900
Bills
(
(
$547,595
]
Membership
1,102
1,052
3
135
Matured during year
(
47
Serial Shares
Issued during year
(
11,400
12
11,029
4,572
2,567
$547,595 12
Withdrawn during year
Part II
6,282
2,942
....
Members
Members who
Holders
of:
— are borrowers
.
Unmatured shares
Matured share certificates
Paid-up share
.
certificates
series issued in April, October.
Profits Distributed
Unmatured Shares and Matured Share
First term,
2%%', second term,
First term,
2%%;
Certificates
2%%.
Paid-up Share Certificates
second term, 2%%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
5%%,
201 real estate loans (average,
,590 each; average rate, 5.93%): 5 3 /io%, $25,600;
$454,730.
19 share loans (average, $456 each; average rate, 6%) 6%, $8,655.
5 loans on matured share certificates: 6%, $2,245.
1 loan on paid-up share certificates: 6%, $200.
$40,200;
6%
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$868 50
$70 50
$20.00
59
.13
.04
1
Other
Expenses
$463.02
.85
Tota
$1,422.
2.e
EAST BRIDGEWATER — EAST BRIDGEWATER CO-OPERATIVE BANK
Incorporated February 12, 1913.
Began business April
1,
1913
Fred E.
Charles L. Nutter, President
Fuller, Treasure
Board of Directors: J. R. Baker, C. E. Bennett, G. A. Burrell, L. R. Fisher, F. E. Fuller*, U. G. Johnsoi
A. L. Leland, H. L. Moorhouse*. E. T. Morse, W. E. Murphy, J. F. Murray, C. L. Nutter, S. K. Nutter
James O'Brien, M. F. Roach*, G. A. Root*, A. B. Shaw, H. C. Thorndike, G. M. Webber.
Monday
Regular meeting for receipt of moneys the third
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
....
....
....
Loans on real estate
Loans on shares
Bonds and notes
Due from trust companies and national banks
Cash and cash items
17, 1927
$390,375 00
10,830 00
1,000 00
Dues capital
Profits capital
.
Matured share
certificates
share certificates
Paid-up
134 07
4,811 52
Forfeited share account
....
.
•
.
Guaranty fund
Surplus
......
Interest
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
$407,150 59
* Security Committee.
$165,329
32,299
173,800
21,600
8
5,762
3,502
1,917
49
C
£
C
C
C
5
2
5
1
S
2 3
2,880
$407,150
S
.
P.D.
8,
75
Part III.
Membership
Serial Shares
Members
Members who
1,187
Issued during year
iVithdrawn during year
forfeited during year
Matured during year
444
.
16
Holders
of:
3,875
2,224
509
187
....
Unmatured shares
Matured share certificates
415
Shares in force
Shares now pledged
\Tew series issued in April, October.
— are borrowers
Paid-up share
certificates
.
.
.
416
150
...
.
.
.
18
Profits Distributed
Unmatured Shares and Matured Share
'roportion of profits retained
First term,
2%%; second term, 2%%.
First term,
2K%;
Certificates
Paid-up Share Certificates
X
second term, 2 A%.
on voluntary withdrawals, 25% on series less than 5 years
from 5 to 8 years old; after 8 years, none.
old;
10% on
series
Rates and Averages on Loans
68 real estate loans (average, $2,324 each; average rate, 6%): 6%, $390,375,
19 share loans (average, $570 each; average rate, 6%): 6%, $10,830.
Total Expenses for Year
Rent
Salaries
.mount paid
for
!ost per $1,000 of assets
.
Other
Expenses
$456.36
1.12
Advertising
L.178.23
$180.00
2.89
.44
Total
L.814.59
4.45
EASTHAMPTON — EASTHAMPTON CO-OPERATIVE BANK
Incorporated March 24, 1900.
/"illiam
Began business April
W.
1900
William L. Pitcher, Treasurer
F. Coyle, President
oard of Directors:
2,
F. Coyle*, B. H. Grange,
Anthony Kendrew, P. M. Kugler, W. L.
Pitcher*, A. D.
Sanders.
Regular meeting for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
oans on real estate
Dans on shares
Dans on matured share certificates
npaid interest
arniture
and
3,
1927
Liabilities
$338,650 00
6,550 CO
325 00
1,320 04
962 31
fixtures
ue from trust companies and na
tional banks
ish and cash items
4,745 09
104 13
Dues capital
Profits capital
.
.
.
.
.
.
...
....
Matured share certificates
Forfeited share account
$195,891 00
41,191 92
82,000 00
45 92
.....
Guaranty fund
6,939 12
10,491 27
14,000 00
Surplus
Bills payable for money borrowed
Dividends on matured share certifi.
2,097 34
cates
$352,656 57
$352,656 57
Membership
Serial Shares
^ued during year
ithdrawn during year
atured during year
1,051
ares in force
3,987
1,914
ares now pledged
;w series issued in
672
60
Members
Members who
Holders
of:
439
— are borrowers
....
...
.
.
Unmatured shares
Matured share certificates
May, November
.
121
404
86
Profits Distributed
Unmatured Shares and Matured Share
First term,
Dportion of profits retained on voluntary withdrawals,
25% on
2%%;
second term,
series less
Certificates
2%%.
than 4 years old; after 4 years,
none.
Rates and Averages on Loans
average rate, 6%): 6%, $338,650.
share loans (average, $164 each; average rate, 6%): 6%, $6,550.
loan on matured share certificates: 6%, $325.
real estate loans (average, $3,456 each;
Total Expenses for Year
paid for
Ibt per $1,000 of assets
I Liount
.
* Security
Salaries
Rent
$450.00
1.27
$193.00
$9.60
.55
.03
Committee (one vacancy)
Advertising
Other
Expenses
$418.41
1.18
Total
L.071.01
3.03
76
P.D.
EASTON — NORTH
8,
Part
III.
EASTON CO-OPERATIVE BANK
Incorporated April 23, 1889.
Began business April
23, 1889
Lorenzo B. Crockett, President
Harry C. Holmes, Treasurer
Board of Directors: J. A. Anderson, John Baldwin, F. L. Crockett, L. B. Crockett, G. H. DeWitt*, H. C.
Holmes, W. N. Howard*, E. E. Kelley, H. H. Mitchell, M. E. Reynolds, W. S. Rice, A. B. Sladen*. J. M.
Smith, W. A. Smith, H. G. Thompson.
Regular meeting for receipt of moneys the third
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Real estate by foreclosure etc.
Unpaid interest
Due from trust companies and na
tional banks
Cash and cash items
...
17, 1927
Liabilities
.....
....
.....
.....
Dues
$920,150 00
17,985 00
1,140 00
11,463 53
5,534 15
capital
Profits capital
.
$581,320
135,538
144,800
94,200
Matured share
Paid-up
certificates
share certificates
Guaranty fund
Surplus
Due on uncompleted loans
Dividends on matured share
25,470 55
1,193 31
cates
Dividends on paid-up share
cates
certifi-
3,373 34
certifi-
2,355 00
$982,936 54
$982,936 54
Membership
Serial Shares
Issued during year
1,361
.
Forfeited during year
series issued in
Holders of
100
451
Matured during year
Shares in force
Shares now pledged
New
Members
Members who are borrowers
2,554
Withdrawn during year
00
59
00
00
13,201 42
5,848 19
2,300 00
.
:
979
404
—
Unmatured shares
Matured share certificates
11,381
5,092
Paid-up share
908
117
67
certificates
May, November.
Profits Distributed
Unmatured Shares
3%; second
First term,
term,
3%.
Matured and Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
866
25%
on
Certificates
X
second term, 2 A%.
2^%;
First term,
than 5 years old; after 5
series less
years,
Rates and Averages on Loans
average rate, 6%): 6%, $920,150.
(average, $439 each; average rate, 6%): 6%, $17,985.
real estate loans (average, $2,514 each;
41 share loans
2 loans on paid-up share certificates :
6%,
$1,140.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
$300.00
$52.47
Other
Expenses
$611.91
.31
.05
.62
Rent
Salaries
$3,168.00
3.22
Advertising
Total
1,132.38
4.20
EVERETT — EVERETT CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: American Trust Co., 50 State Street, Boston)
Incorporated September 24, 1890.
Began business October
14,
1890
Ernest R.
Charles B. Ladd, President
Fall, Treasurer
Board of Directors: D. P. Bailey, F. E. Boyd, E. R. Fall*, C. S. Hallett, G. E. Hunt, F. E. Jennings, C.
Ladd*, C. C. Nichols, J. W. Philbrick*, W. J. Rockwood, W. C. Simes, E. B. Slocum.
Regular meeting for receipt of moneys the third
* Security
Committee.
Monday
of each
month.
B.J
77
.D. 8, Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
Dans
)ans
^ans
)ans
on real estate
on shares
on matured share certificates
on paid-up share certificates
-
17, 1927
.
....
,533,850 00
44,931 00
5,670 00
Dues capital
Profits capital
150 00
286 03
733 84
Paid-up share
npaid fines
smporary expense account
ue from trust companies and na-
00
35
00
00
83
26
48
43
1 00
53 56
50,000 00
11,400 00
$1,223,383
219,786
973,600
95,400
89
36,769
16,091
8,174
.
Matured share
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
48,928 04
200 00
tional banks
ash and cash items
Interest
Transfer fees
Withdrawal
Bills
Due
profits
payable for money borrowed
on uncompleted loans
$2,634,748 91
$2,634,748 91
Membership
Serial Shares
....
....
....
....
.....
....
sued during year
ithdrawp during year
jrfeited during year
atured during year
Holders
force
of:
are borrowers
Paid-up share
2,953
800
.
Unmatured shares
Matured share certificates
672
29,483
14,632
tares now pledged
ew series issued in January, April, July, October.
iiares in
....
—
Members
Members who
6,752
4,198
10
2,363
740
71
.
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term, l;Hs%; second term,
1^%;
fourth term,
1%%.
Paid-up Share
third term,
Certificates
First term,
1}4%; second term, \\i%\
1M%;
1M%-
fourth term,
Certificates
A%;
1 3
third term,
10% on
oportion of profits retained on voluntary withdrawals, 15% on series less than 5 years old,
from 5 to 8 years old; after 8 years, none.
series
Rates and Averages on Loans
3 real estate loans (average, $3,765 each; average rate, 6%): 6%, $2,533,850.
8 share loans (average, $206 each; average rate, 6%): 6%, $44,931.
loans on matured share certificates: 6%, $5,670.
1 loan on -paid-up share certificates : 6%, $150.
Total Expenses for Year
Rent
Salaries
nount paid for
>st
.
Other
Expenses
5,262.00
$2,073.62
$513.50
$1,682.59
2.38
.79
.19
.64
per $1,000 of assets
FALL RIVER
Advertisi ng
— FALL
Total
$10,531 71
4 00
RIVER CO-OPERATIVE BANK
ther authorized locations for receipt of monevs: Massasoit-Pocasset National Bank, Office
Fall River Bleachery, Office Lincoln & Hood)
Incorporated December
1,
1888.
Began business December
12,
1888
Rodolphus N. Allen, Treasurer
»orge O. Lathrop, President
Annie E. Brownell, Assistant Treasurer
Jr., S. H. Borden, M. R. Brown, R. W. Burrell, C. E. Bury,
C. D. Davol, E. J. French, H. M. Hathaway, P. H. Hood, E. B. Jennings, G. O. Lathrop, C. K. Lincoln,
E. A. Lincoln*, E. B. Lovell, F. J. McLane*, R. G. Riley, J. J. Sampson*.
ard of Directors: R. N. Allen, Jefferson Borden,
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
mmon form mortgages
ans
ans
ans
ans
al estate by foreclosure, etc.
mporary expense account
xes paid
....
savings account
ers and shorts
:posit in
.
from trust companies and na
:ional banks
sh and cash items
00
00
00
00
00
466 24
1,202 58
564 78
$4,285,750
87,100
4,400
3,600
3,370
56,060 21
100 40
le
1
13, 1927
Liabilities
58,502 49
609 74
Dues capital
Profits capital
.
Matured share
.
....
.
Interest
Fines
.
Due on uncompleted
Security committee
Personal accounts
.
loans
42,974 51
767 32
21,451 60
42 50
114 88
$4,501,726 44
$4,501,726 44
* Security
certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
00
58
00
00
47 99
87,245 82
83,745 24
$2,809,556
525,580
529,800
409,400
Committee.
—
P.D.
78
Issued during year
Members
Members who
Withdrawn during year
12,807
11,109
Forfeited during year
Matured during year
Shares in force
1,818
59,470
Unmatured shares
Matured share certificates
25,970
Paid-up share
New
99
now pledged
series issued in
Part
III.
Membership
Serial Shares
Shares
8,
Holders
of:
— are borrowers
4,676
1,786
....
.
4,432
348
291
.
certificates
March, September.
Profits Distributed
Unmatured Shares
2%%;
First term,
2%%.
second term,
Matured and Paid-up Share
First term,
2K%;
Certificates
second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,582 real estate loans (average, $2,709 each; average rate, 5.97%): 53^%, $246,200;
828 share loans (average, $270 each; average rate, 6%): 5}i%, $450; 6%, $86,650.
10 loans on matured share
7 loans on paid-up share
certificates:
certificates:
6%,
6%,
6%,
$4,039,550.
$4,400.
$3,600.
Total Expenses for Year
Rent
Salaries
Amount
$10,786.04
2.40
paid for
Cost per $1,000 of assets
.
L.317.79
.29
— LAFAYETTE
FALL RIVER
Other
Expenses
Advertising
Total
.15
$1,782.25
13
.39
$14,469.22
3.21
CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Fall River Trust Co. Branch, 1465 Pleasant
Street)
Incorporated April
Edmond
11, 1894.
May
Began business
3,
1894
Samuel E. Robinson, Treasurer
Cote, President
Board of Directors: J. C. Brady, Amable Chouinard*, Edmond Cote, W. E. Fawcett, Elzear Fournier, W. J.
Hickey, A. H. Leeming, Hubert Legare, Joseph Menard, Nathan Miller*, C. E. Peloquin*, A. S. Phillips,
Oliva St. Denis, F. M. Silvia, R. C. Small, N. P. Tessier, J. E. Torphy.
Regular meeting for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
....
.
.
.
.
$1,814,250
41,250
150
4,043
3,146
00
00
00
27
45
Dues capital
Profits capital
$1,203,522
203,756
209,800
146,600
00
36
00
00
277 85
38,988 01
40,700 49
54,543 97
1,043 62
48 77
1,800 00
10 00
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
38,251 35
Surplus
Interest
Fines
.
Withdrawal profits
Due on uncompleted loans
Overs and shorts
.
$1,901,091 07
$1,901,091 07
Membership
Serial Shares
Issued during year
6,448
4,296
60
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in May,
1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Unpaid interest
Temporary expense account
Due from trust companies and national banks
.
5,
684
25,772
10,596
Members
Members who
1,961
are borrowers
588
Unmatured shares
Matured share certificates
1,734
149
100
Holders
of
:
Paid-up share
certificates
November
Profits Distributed
Unmatured Shares
First term,
2%%;
second term,
2%%.
Matured and Paid-up Share
First term, 2}4%', second term,
Proportion of profits retained on voluntary withdrawals, none.
* Security Committee.
Certificates
2J^%.
P.D.
8,
Part IIL
79
Rates and Averages on Loans
\97 real estate loans (average, $3,650 each; average rate, 5.96%): 53^%, $143,800;
$200; 6%, $41,050.
[86 share loans (average, $305 each; average rate, 6%):
2 loans on matured share certificates: 6%, $150.
5^%,
6%,
$1,670,450.
j
Total Expenses for Year
Rent
Salaries
Amount paid
$565.74
$5,059.96
2.66
for
Dost per $1,000 of assets
.
FALL RIVER
— PEOPLES
Incorporated February IS, 1882.
Other
Expenses
$690.35
Advertising
Total
$6,316.05
3,32
.36
.30
CO-OPERATIVE BANK
Began business March
15,
1882
Charles H. Durfee, Treasurer
Lbner P. Davol, President
Nathaniel B. Durfee, Assistant Treasurer
oard of Directors: J. B. Clifton, A. P. Davol*, C. H. Durfee*, J. E. Estes, E. B. Mills, James Sinclair, F. H.
Smith*, Michael Sweeney*, L. E. Wood.
Regular meeting for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
/oans
on
real estate
oans on shares
.
.
.
.
.
.
.
.
.
urniture and fixtures
)ue from trust companies
tional banks
.
.
.
ash and cash items
.
19, 1927
Liabilities
.....
Dues capital
Profits capital
$939,500 00
18,850 00
2,000 00
Matured share
and na.
.
certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Due on uncompleted loans
Dividends on matured share
....
.....
31,143 74
10,062 15
.
.
cates
certifi-
4,775 00
certifi-
2,205 00
$1,001,555 89
$1,001,555 89
Membership
Serial Shares
(sued during year
.....
Members
Members who
2,989
2,470
5
.
....
lares in force
lares now pledged
few series issued in
17,838 59
18,500 84
3,200 00
.....
.....
cates
Dividends on paid-up share
fithdrawn during year
prfeited during year
Latured during year
00
56
00
00
46 90
$560,920
114,869
191,000
88,200
v
.
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
385
11,867
5,606
Paid-up share
890
292
.
789
149
64
.
certificates
May, November.
Profits Distributed
Unmatured Shares
First term,
2%%\
second term,
2%%.
Matured and Paid-up Share
First term, 2 3^%; second term,
Certificates
2}i%-
Proportion of profits retained on voluntary withdrawals, none.
\4
"
Rates and Averages on Loans
average rate, 5.96%): 5}4%, $65,250; 6%, $874,250.
real estate loans (average, $3,850 each;
share loans (average, $393 each; average rate, 5.99%):
5^%,
$350;
6%,
$18,500.
Total Expenses for Year
Rent
Salaries
hount paid for
st
5,166.63
.
per $1,000 of assets
3.16
FALL RIVER
— TROY
Incorporated July 18, 1880.
ome C. Borden,
ilird
$2,004.66
2.00
$177.36
Other
Expenses
$817.14
.18
.82
Began business July
G. H. Eddy, J. H. French, George Grime,
Joseph Turner*, W. R. Woodman.
J.
Total
$6,165.79
6.16
20, 1880
Edward W. Bertenshaw,
James
j
CO-OPERATIVE BANK
President
of Directors: F. S. Akin, F. B. Albro,
Advertising
Allardice*, E.
W.
E. O'Connor,
S.
Regular meeting for receipt of moneys the third Tuesday of each month.
* Security Committee.
Treasurer
Bertenshaw, J. C. Borden, T. D. Covel*,
S. Read, C. C. Rounseville, E. N. Slade*,
—
80
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
Banking house
Unpaid interest
Unpaid fines
Furniture and fixtures
00
00
00
00
00
88
00
91
32
00
840 67
597 93
$4,608,600
74,800
4,100
1,800
9,000
17,001
75,000
14,526
1,476
3,500
.
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
banks
18,
168,506 06
.
Dues capital
Profits capital
certificates
certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
Interest
Fines
....
Due on uncompleted
loans
Other liabilities
Due on foreclosure sales
Overs and shorts
.
$4,979,749 77
Membership
Issued during year
12,800
9,926
.
289
Forfeited during year
....
Matured during year
Shares
New
1927
00
06
00
00
893 48
122,757 75
111,509 14
80,293 48
23,955 41
645 48
16,701 59
419 72
116 66
10 00
Matured share
Paid-up share
Serial Shares
Shares in force
III.
$2,911,757
540,890
744,000
425,800
.
$4,979,749 77
Withdrawn during year
Part
Liabilities
Loans
Loans
Loans
Loans
tional
8,
Members
Members who
.
.
.
4,651
1,443
Unmatured shares
Matured share certificates
.
.
.
4,248
554
Paid-up share
.
.
.
295
Holders
1,539
63,232
26,776
now pledged
are borrowers
....
of:
certificates
series issued in April, October.
Profits Distributed
Unmatured Shares
2%%\
First term,
second term,
2M%.
Matured and Paid-up Share
First term,
Certificates
2>£%; second term, 2}4%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,225 real estate loans (average, $3,762 each; average rate, 5.97%): b}4%, $306,650; 6%, $4,301,950.
288 share loans (average, $260 each; average rate, 6%) 5}4%, $200; 6%, $74,600.
Sloans on matured share certificates : 5J^%, $1,800; 6%, $2,300.
3 loans on paid-up share certificates: 6%, $1,800.
:
Total Expenses for Year
Salaries
Amount
$11,495.00
2.31
paid for
Cost per $1,000 of assets
.
Rent
$217.77
Other
Expenses
$1,867.00
.04
.37
Advertising
5,120.23
.63
Total
$16,700.00
3.35
FALMOUTH — FALMOUTH CO-OPERATIVE BANK
Incorporated
Rawson
May
22, 1925.
Began business June
9,
1925
Edward K. Dean,
C. Jenkins, President
Treasurer
j
Board of Directors: "W. F. Bourne, Sumner Crosby, E. K. Dean, G. E. Dean, John De Mello*, C. B. Fisher,
E. P. Hatch, C. L. Hubbard, C. A. James, R. C. Jenkins, M. R. Lawrence, G. C. Look, J. B. Miskell*,
I. H. Robbins*, Arthur Underwood.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Furniture and fixtures
Temporary expense account
Due from trust companies and national banks
11, 1927
Liabilities
$67,200
600
138
185
00
00
Dues
capital
Profits capital
.
21
Guaranty fund
28
Surplus
Interest
20,859 59
Fines
Security committee
.
$88,983 08
* Security Committee.
.
00
56
29
69
2,201 86
76 68
85 00
$82,764
3,067
209
578
$88,983 08
1
P.D.
8,
81
Part III.
Membership
Serial Shares
Issued during year
724
596
....
Withdrawn during year
.
3,645
Shares in force
Shares now pledged
New
series issued in June,
377
Members
Members who
Holders
of:
344
— are borrowers
21
.
Unmatured shares
344
December.
Profits Distributed
Unmatured Shares
First term, 2J-£%; second term,
2^%.
Proportion of profits retained on voluntary withdrawals, none.
20
1
Rates and Averages on Loans
average rate, 7%): 7%, $67,200.
share loan (average, $600 each; average rate, 7%): 7%, $600.
real estate loans (average, $3,360 each;
Total Expenses for Year
Rent
Salaries
Amount
$56 58
$325.00
3.65
paid for
Cost per $1,000 of assets
.
Other
Expenses
$71.31
Advertising
.
.64
Total
$452.89
5.09
.80
FITCHBURG — FIDELITY CO-OPERATIVE BANK
Incorporated April 25, 1888.
David H. Merriam, President
Amy
Began business
May
1888
8,
Wylon G. Hayes,
Treasurer
Richardson, Assistant Treasurer
Board of Directors: G. B. Bartlett, M. F. Dunn, F. H. Foss*, W. C. Goodwin, W. A. Hartwell, W. G. Hayes,
H. O. Irving, D. H. Merriam*, Oscar Monroe*, G. L. Parmenter, W. E. Putney*, G. R. "Wallace, Jr.,
D. I. Walsh, H. H. Wheelock.
Regular meeting for receipt of moneys the
Tuesday
last
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Banking house
Furniture and fixtures
5,917,610 00
53,840 00
2,320 00
900 00
5,405 33
20,000 00
833 00
2,879 91
833 29
Temporary expense account
Insurance and taxes paid
Due from trust companies and national
....
banks
25, 1927
Liabilities
Dues capital
Profits capital
51,896,116 00
.
388,028 45
Matured share
1,401,800 00
certificates
Paid-up share certificates
Forfeited share account
426,600
595
93,622
90,201
37,838
647
7,700
Guaranty fund
Surplus
Interest
Fines
Due on uncompleted
loans
Membership
Issued during year
Matured during year
series issued in
.
11,076
9,825
1,055
Shares in force
Shares now pledged
New
:
402
Forfeited during year
16
35
00
$4,343,149 09
Serial Share s
.
21
34
338,527 56
$4,343,149 09
Withdrawn during year
00
58
40,582
21,935
Members
Members who
.
.
.
3,681
1,207
Unmatured shares
Matured share certificates
.
.
.
2,823
1,033
Paid-up share
.
.
.
318
Holders
of:
— are borrowers
....
certificates
March, June, September, De-
cember.
Profits Distributed
Unmatured Shares
1%%\
%
second term, \ /%%\
third term,
fourth term, 1%%.
First term,
iy8 %;
Matured and Paid-up Share
First term,
1H%;
1M%;
second term,
1M%.
fourth term,
Certificates
1M%;
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,093 real estate loans (average, $3,584 each; average rate, 5.99%): 5%, $1,800;
160 share loans (average, $336 each; average rate, 6%): 6%, $53,840.
5 loans on matured share certificates : 6%, $2,320.
4 loans on paid-up share certificates: 6%,
6%,
$3,915,810.
Total Expenses for Year
Rent
Advertising
Other
Expenses
$12,000.00
$1,800.00
$1,000.00
$3,876.33
2.7.7
.41
.23
.89
Salaries
Amount
paid for
Cost per $1,000 of assets
.
* Security
Committee.
Total
$18,676.33
4.30
82
P.D.
FITCHBURG
— FITCHBURG
Incorporated October 27, 1877.
8,
Part
III.
CO-OPERATIVE BANK
Began business November
8,
1877
John W. Parshley Treasurer
Board of Directors: W. M. Allen, Ebenezer Bailey, E. W. Baker, B. A. Cook*, M. A. Coolidge, F. N. Dillom
Michael Donlon, F. L. Drury, J. F. Fisher, W. A. Hardy*, W. W. Henry, W. T. Hidden, T. F. Howarth»
J. L. Johnson, David Lowe, O. M. Lowe*, A. S. Morse, G. V. Upton.
Jabez F. Fisher, President
,
Regular meeting for receipt of moneys the
day
last business
each month.
of
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Banking house
Due from trust companies and ng
tional banks
Cash and cash items
31, 1927
Liabilities
$7,039,9S7 00
102,183 00
8,602 00
Dues capital
Profits capital
200 00
Paid-up share
19,988 48
30,000 00
Matured share
certificates
certificates
Matured share account
Guaranty fund
.
Surplus
90,653 69
Due on uncompleted
loans
300 00
$7,291,914 17
$7,291,914 17
Membership
Serial Shares
Issued during year
Withdrawn during year
20,163
13,433
Forfeited during year
425
Matured during year
3,539
71,967
40,741
Shares in force
Shares now pledged
New
series issued in
00
88
00
00
96
40
93
00
$3,463,636
733,804
1,992,200
729,800
11,217
161,442
160,432
39,380
.
February, May, August,
Members
Members who
are borrowers
.
.
.
6,173
2,231
Unmatured shares
Matured share certificates
.
.
.
5,026
1,477
Paid-up share
.
.
.
544
Holders of
:
—
....
certificates
No
vember.
Profits Distributed
Unmatured Shares
First term,
1%%;
1%%;
second term,
1%%.
fourth term,
1%%;
Matured and Paid-up Share
1M%;
second term,
1M%; fourth term, 1M%Proportion of profits retained on voluntary withdrawals, none.
First term,
third term,
Certificates
1M%;
third term,
Rates and Averages on Loans
2,298 real estate loans (average, $3,064 each; average rate, 6%): 6%, $7,039,987.
305 share loans (average, $335 each; average rate, 6%): 6%, $102,183.
19 loans on matured share certificates : 6%, $8,602.
1 loan on paid-up share certificates: 6%, $200.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$15,515.51
2.13
$1,000.00
$1,226.48
.14
.17
Other
Expenses
Total
$9,027.73
1.23
$26,769.72
3.67
FOXBOROUGH — FOXBOROUGH CO-OPERATIVE BANK
(Other authorized location for receipt of moneys:
Incorporated February 25, 1889.
Main
Street, Walpole)
Began business March
19,
1889
Harry P. Boyce, Treasurer
Forrest Bassett, President
Board of Directors: Forrest Bassett*, H. P. Boyce, E. H. Bristol, B. P. Crocker, F. N. Griffiths, P. J. Haigis,
H. E. Newton*, F. H. Richards, H. G. Smith*, J. H. Smith*, H. M. Stowell*, Thomas Tierney*.
Regular meeting for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
....
Loans on real es tate
Loans on shares
Loans on matured share certificates
Common form mortgages
Temporary expense account
Insurance and taxes paid
Overs and shorts
Due from trust companies and national banks
Cash and cash items
19,
1927
Liabilities
$948,450
15,175
200
6,000
514
116
....
00
00
00
00
37
Dues capital
Profits capital
52
12
Guaranty fund
Matured share
certificates
Forfeited share account
Matured share account
Surplus
.
....
....
.....
.
Interest
2,756 60
194 91
Fines
Withdrawal profits
Due on uncompleted loans
Security committee
$973,407 52
00
66
00
40
32
91
78
94
78
73
00
9 00
$678,563
153,406
82,600
125
4,868
19,554
15,243
5,167
385
102
13,380
$973,407 52
'
* Security Committee.
P.D.
8,
83
Part III.
Membership
Serial Shares
.....
Members
Members who
2,004
issued during year
Withdrawn during year
971
28
510
.
forfeited during year
....
Matured during year
Shares in force
Shares now pledged
STew series issued in March, September.
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
12,916
5,190
1,163
452
.
1,131
73
.
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
2%%;
term,
Matured Share
3%.
Certificates
second term,
2%%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
6%): 6%, $948,450.
6%, $15,175.
$200.
6%,
\18 real estate loans (average, $2,269 each; average rate,
34 share loans (average, $466 each; average rate, 6%):
1
loan on matured share certificates:
Total Expenses for Year
Amount paid
for
2ost per $1,000 of assets
.
Salaries
Rent
52,303.32
$258.05
$34.00
2.37
.27
.03
Other
Expenses
$684.81
Advertising
Total
3,280.18
3.37
.70
FRAMINGHAM — FR AM INGHAM CO-OPERATIVE BANK
Incorporated April 16, 1889.
Uvah T.
May
Began business
6,
1889
Harrie L. Davenport, Treasurer
Bridges, President
Chester A. Dunlap, Assistant Treasurer
ioard of Directors: G. L. Avery, A. T. Bridges, C. L. Curtis*, H. L. Davenport, H. S. Dennison, C. H. Eames,
F. H. Fales*, A. H. Fiske, J. A. Garvey, C. N. Hargraves, F. H. Hilton, R. E. Kerwin, R. H. O'Brien.
C. A. Roberts, David Robertson, S. O. Staples*, J. E. Stripp, J. H. Temple, A. J. Travis, H. S. Varney,
Regular meeting for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
'ersonal accounts
)ue from trust companies
1927
Liabilities
....
....
....
joans on real estate
.
.
joans on shares
jOans on matured share certificates
joans on paid-up share certificates
teal estate by foreclosure, etc.
Jnpaid interest
nsurance and taxes paid
3,
.
.
$5,485,770
77,280
14,000
2,390
2,032
8,838
78
17,700
00
00
00
00
37
24
39
50
and na-
tional banks
!ash and cash items
Dues capital
Profits capital
00
88
00
00
370 80
$2,625,020
527,252
1,759,600
540,000
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
.
Guaranty fund
104,792
55,216
54,015
152
Surplus
Due on uncompleted
loans
Security committee
86,467 88
606 41
Dividends on matured share
cates
.
.
.
Dividends on paid-up share
cates
certificertifi-
6,750 00
.
$5,695,163 79
Membership
Serial Shares
during year
13,575
Withdrawn during year
8,972
439
Jorfeited during year
jlatured during year
2,163
pares in force
55,104
pares now pledged
30,676
series
issued
in
February,
May,
August, Nofew
vember.
.
....
21,995 00
.
.
$5,695,163 79
Issued
10
01
00
00
....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
.
5,455
1,784
.
3,854
1,325
499
certificates
Profits Distributed
Unmatured Shares
First term,
l%%;
1%%;
second term, l*Hs%; third term,
fourth term,
1%%.
Matured and Paid-up Share
First term, 1}£%', second term,
1X%;
fourth term,
1M%-
Proportion of profits retained on voluntary withdrawals, none.
* Security Committee.
Certificates
1}£%;
third term,
84
P.D.
8,
Part
III.
Rates and Averages on Loans
1,521 real estate loans (average,
,607 each; average rate, 5.72%): 5%, $165,790; 5j^%, $272,525; 5%%,
$5,011,355; 6%, $36,100
352 share loans (average, $220 each; average rate, 5.83%): 5%,
,045; 534%, $14,785; 6%, $56,450.
44 loans on matured share certificates: 5%, $3,200; 6%, $10,800
7 loans on paid-up share certificates : 5%, $700; 6%, $1,690.
Total Expenses for Year
Rent
Advertising
$700.00
$576.50
Other
Expenses
$2,818.63
.12
.10
.50
Salaries
Amount
paid for
Cost per $1,000 of assets
$12,972.82
2.28
.
Total
$17,067.95
3.00
FRAMINGHAM — SOUTH MIDDLESEX CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Caswell's News Store, Ashland)
Incorporated
Edward W.
November
19, 1920.
Began business January
1921
13,
Willis A. Kingsbury, Jr., Treasurer
Blodgett, President
Anna M. Mulcahy,
Assistant Treasurer
Board of Directors: C. G. Bancroft, E. W. Blodgett, E. A. Bowers, F. B. Burns, R. J. Callahan*, S. P. Carpenter, James Chalmers, G. R. Coolidge, Louis Demarini, A. S. Farwell, E. H. Howard, P. A. McGowan,
W. E. Marchant, J. M. Merriam, J. J. Murphy, T. G. Portmore, J. J. Prindiville, J. P. Shay, J. J. Slattery,
W. E. Sullivan*, A. E. Svenson, E. S. Taylor, W. H. Twiss, H. F. Twombly*.
Monday
Regular meeting for receipt of moneys the third
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
17, 1927
Liabilities
....
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Unpaid interest
Unpaid fines
Furniture and fixtures
Temporary expense account
Due from trust companies and national banks
Cash and cash items
.....
.
.
00
00
00
74
54
1,749 31
547 94
$847,425
20,045
300
4,540
523
....
Paid-up share
certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
Fines
20,749 57
61 98
....
....
....
Dues capital
Profits capital
Bills
.....
payable for money borrowed
Due on uncompleted
loans
Security committee
Personal accounts
....
....
6,515
4,533
Shares in force
18,278
Shares now pledged
5,496
New series issued in January, April, July, October.
.
18
5,581 90
212 28
10,000 00
11,162 83
15 00
Membership
Serial Shares
.
27,
00
80
32
$895,943 08
$895,943 08
Issued during year
00
20 50
.
Withdrawn during year
$668,159
104,319
83,800
390
7,334
4,947
.
.
Members
Members who
Holders of
:
1,262
are borrowers
—
Unmatured
.
1,216
shares
Paid-up share
320
81
certificates
Profits Distributed
Unmatured Shares
1M%;
1%%;
second term, 1J^%; third term,
fourth term, 1J4%.
First term,
Paid-up Share Certificates
second term, 1M%; third term,
A%\
First term, \ X
1%%;
fourth term,
1%%.
Proportion of profits retained on voluntary withdrawals, none.
248
Rates and Averages on Loans
average rate, 6.99%): 6%, $2,700; 7%, $844,725.
$264 each; average rate, 7%): 7%, $20,045.
real estate loans (average, $3,417 each;
76 share loans (average,
1 loan on paid-up share
certificates
:
7%,
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
Rent
Advertising
5,997.18
L.351.64
$271.75
4.46
1.51
.30
* Security Committee.
Other
Expenses
$1,372.17
1.53
Total
3,992.74
7.80
P.D.
8,
Part
85
III.
FRANKLIN
— DEAN
CO-OPERATIVE BANK
Incorporated June 15, 1889.
Began business July
2,
1889
Orestes T. Doe, Treasurer
Jacob F. Geb, President
W. F. Bennett, B. P. Chapman, A. B. Chilson, O. T. Doe, J.
W. S. Johnson, A. H. Mann, A. C. Mason*, L. A. Pond, J. M.
Board of Directors:
Hutchinson,
Regular meeting for receipt of moneys the
first
Tuesday
of
F. Geb, H. W. Hosie, C. B.
Supple*, P. A. Woodward*.
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
....
Temporary expense account
Personal accounts
trust companies and nabanks
Cash and cash items
tional
$617,875
6,895
584
42
00
00
30
01
20,068 83
361 29
....
Dues capital
Profits capital
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
....
.....
.
Interest
.
.
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Security committee
$645,826 43
Membership
Issued during year
1,473
Withdrawn during year
Matured during year
579
118
9,062
3,657
Shares in force
Shares now pledged
series issued in
00
91
00
00
69
08
36
31
25
307 83
6,816 00
39 00
$444,217
81,497
38,400
44,400
8,518
9,175
12,214
240
$645,826 43
Serial Shares
New
1927
Liabilities
Loans on real estate
Loans on shares
Due from
4,
January, July.
Members
Members who
...
.
Holders
of:
—
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
certificates
745
256
.
713
36
36
.
.
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share Certificates
First term, 2>£%; second term, 2}i%.
Proportion of profits retained on voluntary withdrawals,
50%
of last dividend.
Rates and Averages on Loans
329 real estate loans (average, $1,878 each; average rate, 6%): 6%, $617,875.
40 share loans (average, $172 each; average rate, 6%): 6%, $6,895.
Total Expenses for Year
Salaries
Amount paid
Cost
Rent
$15.45
$1,200.00
1.86
for
per $1,000 of assets
.
rertising
.02
Other
Expenses
$788.93
1.22
Total
$2,004.38
3.10
GARDNER — CHAIR-TOWN CO-OPERATIVE BANK
Incorporated January 22, 1915.
Otto
W.
Began business January
26, 1915
Frank B. Edgell, Treasurer
Siebert, President
Agnes V. Whitney, Assistant Treasurer
of Directors : M. E. S. Anderholm, C. J. Ballou, C. C. Barthel, H. W. Blake, G. W. Bourn, E. A. Brooks,
A. B. Bryant, H. H. Cohen*, E W. Crouch, D. D. Dora*, F. B. Edgell, S. H. Hartshorn, G. A. Keyworth,
John Kuczynski, P. H. Loughlin, J. E. Millet, C. P. Pearson, L. E. Robillard*. A. Rosenberg, F. A. Rothlis, D. W. Siebert, O. W. Siebert*, S. I. Simenson, J. H. L. Smead, L. E. Smith*, A. H. Stone, F. A. Thatcher, C. E. Thompson, J. A. Timpany, J. O. Torppa, F. D. Tousignant, Marden Turner, Glen Underwood, G. R. Warfield.
Board
.
Regular meeting for receipt of moneys the fourth Tuesday of each month.
* Security Committee.
86
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
Part
III.
25, 1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Furniture and fixtures
Temporary expense account
Insurance and taxes paid
Due from banks
$940,600
18,393
500
64,304
1,611
924
7
77,557
Dues capital
Profits capital
00
00
00
01
67
37
01
87
$616,241
135,743
201,400
104,800
195
19,233
20,359
4,965
341
182
.
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
Surplus
Interest
Premiums
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
$1,103,897 93
$1,103,897 93
Membership
Serial Shares
Members
Members who
Issued during year
2,692
Withdrawn during year .
.
2,775
Forfeited during year
453
Matured during year
934
Shares in force
12,837
m
Shares now pledged
5,407
New series issued in January, April, July, October.
,
00
12
00
00
66
65
41
17
87
93
50
234 62
200 00
Matured share
.
,
.
.
— are borrowers
.
1,308
.
379
....
.
.
.
Unmatured shares
Matured share certificates
.
.
.
200
Paid-up share
.
.
.
101
Holders
,
of:
certificates
1,140
Profits Distributed
First term,
1)4%;
Unmatured Shares
second term, 13^%; third term,
1K%;
fourth term,
iy2 %.
Matured Share
First term,
iy8 %; fourth
term,
1%%.
Paid-up Share
First term,
1H%;
Certificates
\Y%%\ second term,
Proportion of profits retained on voluntary withdrawals,
50%
third term,
Certificates
134%; second term,
fourth term,
1%%\
1M%;
third term,
1M%-
of last dividend.
Rates and Averages on Loans
309 real estate loans (average, $3,044 each; average rate, 6.56%): 6%, $417,400; 7%, $523,200.
69 share loans (average, $267 each; average rate, 6.78%): 6%, $3,523; 6^%, $2,105; 7%, $12,765.
1 loan on matured share certificates: 7%, $500.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
$3,826.68
3.47
.
Rent
Advertising
$705.96
$1,597.53
1.45
.64
Other
Expenses
$1,985.46
1.80
Total
3,115.63
7.36
GARDNER — GARDNER CO-OPERATIVE BANK
Incorporated January 14, 1889.
Began business March
12,
1889
Harrison Greenwood, Treasurer
Louis A. Greenwood, President
Board of Directors: P. A. Bengtson, A. A. Bent, C. A. Brown, Hosea Carter, Jr.*, D. K. Dickerman, H. E.
Drake, F. M. Favor, L. A. Greenwood, J. H. Hager*, H. S. Kendall, G. R. Lowe, J. W. McVine, Carroll
St. Hilaire, H. H. Smith, L. A. Wright*.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
11,
1927
Liabilities
.
Real estate by foreclosure, etc.
Banking house
Temporary expense account
Insurance and taxes paid
Due from trust companies and na-Ltional banks
Cash and cash items
$1,671,825 00
23,890 00
690 00
300 00
8,211 37
24,723 67
1,376 84
216 26
Dues capital
Profits capital
.
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
Interest
Premiums
Fines
Transfer fees
.
93,763 91
31 87
Withdrawal profits
Due on uncompleted loans
$1,825,028 92
* Security Committee.
$1,013,060
213,154
366,800
158,200
30,629
21,867
17,817
1,701
00
86
00
00
16
92
45
04
346 51
1 00
200 98
1,250 00
$1,825,028 92
P.D.
87
Part III.
8,
Membership
Serial Shares
Forfeited during year
45
Matured during year
Shares in force
Shares now pledged
1,288
20,002
9,323
New
series issued in
.....
Members
Members who
2,558
1,789
Issued during year
Withdrawn during year
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
1,747
664
.
1,599
300
.
132
certificates
March, September.
Profits Distributed
Unmatured Shares
3%.
First term,
3%; second
First term,
2%%;
First term,
2>£%; second term,
term,
Matured Share
Certificates
second term,
Paid-up Share
2%%.
Certificates
2K%.
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
$2,858 each; average rate, 6%): 6%, $1,671,825.
71 share loans (average, $336 each; average rate, 6%): 6%, $23,890.
on
matured
share
certificates: 6%, $690.
8 loans
1 loan on paid-up share certificates: 6%, $300.
685 real
estate loans (average,
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$2,800 00
$441 .25
$141 .17
53
.24
.08
1
Other
Expenses
$2,056.57
1.13
Advertising
Total
$5,438.99
2.98
GLOUCESTER — GLOUCESTER CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 23 Central Street, Manchester)
Incorporated
March
2,
1887.
Began business April
14,
1887
Maurice F. Foley, President
Arthur
J. Hall,
Treasurer
Board of Directors : M.F.Buckley, E.C.Carroll, R.E.Cunningham, J. W. Darcy, M. F. Foley*, Edward
Hodgkins, Everett Lane, Frederick Lane*, F. W. Lothrop*, J. J. Lowrie, J. F. MacPhee*, D. O. Marshall, G. E. Merchant, A. E. Presson*. F. A. Shackleford.
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Insurance and taxes paid
Personal accounts
'Overs
and shorts
Due from
.
.
banks
Cash and cash items
tional
Liabilities
.
trust companies
13, 1927
$2,914,725 00
48,310 00
5,075 00
750
401
264
4
26
Dues capital
Profits capital
Matured share
00
Paid-up share
certificates
certificates
19
Forfeited share account
44
Guaranty fund
38
Surplus
65
$1,727,626
382,348
622,400
180,000
.
97
.
56,171
28,555
5,508
Interest
....
Premiums
and na64,183 91
1,279 01
Fines
Due on uncompleted
Security committee
Due on
282
487
loans
19,649
145
150
.
foreclosure sales
Other liabilities
Dividends on matured share
788
certifi
8,558 00
cates
Dividends on paid-up share
cates
$3,035,019 58
* Security Committee.
00
81
00
00
53
22
05
52
95
86
89
00
75
00
certifi
2,250 00
$3,035,019 58
P.D.
.
Part
III.
Membership
Serial Shares
Members
Members who
Issued during year
7,907
Withdrawn during vear
3,447
Forfeited during year
63
Matured during year
799
Shares in force
35,681
Shares now pledged
15,920
New series issued in January, April, July, October.
.
8,
.
....
— are borrowers
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
of:
3,580
1,324
....
.
Holders
certificates
3,338
549
145
Profits Distributed
Unmatured Shares
13^%; second term, 1J^%;
fourth term, 13^%.
First term,
1K%;
Matured Share
First term,
1H%;
Certificates
lVs%; second term,
l%%.
fourth term,
Paid-up Share
1%%;
third term,
Certificates
134%; second term, 1)4%;
fourth term, 134%.
First term,
1%%;
third term,
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,242 real estate loans (average, $2,347 each; average rate, 6.3%): 6 3 /io%, $2,913,975; 6 2 / 6 %, $750.
186 share loans (average, $355 each; average rate, 6.34%): 6 3 /io%, $43,830; 6 37 /ioo%, $175; 6 2 /s%, $1,350;
6 52 /ioo%, $250; 6%%, $1,200; 6« 8 /ioo%, $90; 6%%, $80; 6 88 /ioo%, $525; 7V«%, $500; 7 4 <7ioo%, $45;
7H%, $120; 8%, $30; 8"/ioo%, $75; 9%, $40.
12 loans on matured share certificates: 6 3 /io%, $4,400; 6 37 /ioo%, $175; 6 2 /5%, $150; 6%%, $300; 7Vb%, $50.
2 loans on paid-up share certificates: 6 3 /io%, $600; 6 2 /6%, $150.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
Expenses
Total
$8,250 02
2 72
$898 31
$146 .40
$1,804 40
29
.05
.59
$11,099. 13
3. 65
GRAFTON — GRAFTON CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Millbury, 13-15 Federal Street, Worcester;
Whitinsville)
Incorporated October 19, 1887.
Began business November
Ellsworth E. Howe, President
10,
1887
Harold A. Simmons, Treasurer
Kathrina A. Dodge, Assistant Treasurer
Board of Directors
:
R. E. Allen, F. A. Anderson*, E. J. Driscoll, C. H. Earnshaw, "W. O. Halpin, E. E.
F. C. Martin, H. L. Reynolds*, H. A. Simmons*, T. F. Smith, E. W. Stone.
Howe,
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
Loans on real estate
^
Loans on shares
Common form mortgages
Real estate by foreclosure, etc.
Due from trust companies and national banks
Cash and cash items
.
.
.
.
.
.
13, 1927
Liabilities
.
.
$2,560,480
43,200
2,400
8,405
00
00
00
01
Dues capital
Profits capital
.
.
Matured share
Paid-up share
."
.
certificates
certificates
Forfeited share account
55,528 22
4,591 76
.
.
Guaranty fund
.
51,368 92
36,367 65
23,495 00
.
cates
.
.
.
Dividends on paid-up share
cates
$2,674,604 99
* Security Committee.
.
00
73
00
00
955 19
.
.
Surplus
Due on uncompleted loans
Dividends on matured share
$1,629,198
359 205
504,400
54,400
certifi.
13,854
50;'
certifi-
1,360 00
$2,674,604 99
P.D.
8,
Part
89
III.
Membership
Serial Shares
Issued during year
7,578
3,312
1,642
33,495
14,262
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
New
series issued in
Members
Members who
.
Unmatured shares
Matured share certificates
.
Holders
May, November
3,713
are borrowers
of:
—
Paid-up share
816
3,578
382
37
certificates
Profits Distributed
Unmatured Shares
3%.
First term,
3%; second
First term,
2%%;
First term,
2J^%; second term, 2}4%-
term,
Matured Share
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
Certificates
second term,
50%
2%%.
Certificates
of last dividend.
Rates and Averages on Loans
834 real estate loans (average, $3,070 each; average rate, 6.50%): 6K%, $2,560,480.
205 share loans (average, $211 each; average rate, 7%): 7%, $43,200.
Total Expenses for Year
Rent
$500.00
Salaries
Amount
paid for
Cost per $1,000 of assets
$5,002.38
1.87
.
$515.90
Other
Expenses
$1,701.57
r,719.85
.19
.64
2.88
Advertising
.18
Total
GREAT BARRINGTON — HOUSATONIC CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: P. J. Kane's Store, Depot Street, Housatonic,
and office of Clerk of Central District Court, Great Barrington)
Incorporated June 12, 1889.
Began business July
1,
Elmer C. Herrick, President
1889
Dennis C. Killeen, Treasurer
Board of Directors: F. E. Chamberlin, C. P. Comstock*, James Doon, Sr., J. F. Gerard*, Charles
Herrick, D. C. Killeen, J. F. Mack*, G. C. Najar.
Regular meeting for receipt of moneys the
first
Monday
of each
.
.
.
3,
.
.
$370,475 00
5,639 00
540 00
104 60
.....
Dues capital
Profits capital
Matured share
.
.
.
.
.
certificates
Paid-up share certificates
Guaranty fund
Surplus
Dividends on matured share
.
5,483 86
1,143 05
cates
.
.
.
.
.
.
.
.
Dividends on paid-up share
cates
.
series issued in
3,220 71
1,556 65
certifi-
855 00
.
$383,385 51
Membership
Serial Shares
Issued during year
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
00
39
00
00
6,248 76
$228,024
42,880
66,400
34,200
certifi-
$383,385 51
New
1927
Liabilities
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Insurance and taxes paid
Due from trust companies and national banks
Cash and cash items
.
E. C.
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Gillett,
1,169
707
103
4,663
2,237
....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
May, November.
Paid-up share
526
198
.
486
58
37
.
certificates
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
Proportion of profits retained on voluntary withdrawals,
none.
* Security
25%
on
Committee.
2J^%; second term,
series less
2 3^%.
than 5 years old; after 5 years,
90
P.D.
8,
Part III.
Rates and Averages on Loans
174 real estate loans (average, $2,128 each; average rate, 5.49%): 5%, $7,350; 5J^%, $363,125.
26 share loans (average, $217 each; average rate, 5.50%): 5}4%, $5,639.
1 loan on paid-up share certificates: 53^%, $540.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
GREENFIELD
Salaries
Rent
$900.00
2.35
$18.00
$166.08
.05
.43
— GREENFIELD
Other
Expenses
$278.09
Advertising
Total
$1,362.17
3.55
.72
CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Turners Falls, Millers Falls, and Shelhurne
Falls)
Incorporated June 21, 1905.
Began business July
11,
1905
Henry
William B. Allen, President
S. Franklin, Treasurer
Catherine V. Studer, Assistant Treasurer
Board of Directors: W. B. Allen, F. R. Andrews, G. E. Davis, P. E. Fay*, H. S. Franklin, L. W. Griswold,
F. E. Hawks*, F. A. Loomis*, M. H. Nichols, C. E. Powers, A. H. Rist, A. C. E. Stimson, W. H. Weissbrod, G. H. Wilkins, C. E. Winslow.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
_
11,
Liabilities
L.781,330 00
54,855
7,850
1,320
2,164
00
00
00
46
Dues capital
Profits capital
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
50,231 01
592 21
Surplus
Interest
.
50,000
19,350
loans
$1,898,342 68
Membership
Serial Shares
New
series issued in
6,733
4,229
86
294
27,277
11,383
Shares in force
Shares now pledged
14
20
56
05
06
50
00
00
2
money borrowed
$1,898,342 68
Matured during year
17
00
00
813
.
Due on uncompleted
.
00
$1,115,839
174,364
325,000
125,600
7
29,158
24,086
34,122
.
Fines
.
Transfer fees
Bills payable for
Issued during year
"Withdrawn during year
Forfeited during year
1927
....
Members
Members who
Holders
of:
— are borrowers
•
Unmatured shares
Matured share certificates
Paid-up share
2,292
847
.
2,099
270
.
129
certificates
January, July.
Profits Distributed
Unmatured Shares and Matured Share
First term,
2%%;
First term,
2}4%; second term,
second term,
Paid-up Share
Certificates
2%%.
Certificates
2H%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
688 real estate loans (average, $2,589 each; average rate, 6%): 6%, $1,781,330.
162 share loans (average, $339 each; average rate, 6%): 6%, $54,855.
13 loans on matured share certificates: 6%, $7,850.
4 loans on paid-up share certificates: 6%, $1,320.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$5,045.00
2.66
$930.20
$115.69
Other
Expenses
$2,633.77
.49
.06
1.39
* Security Committee.
Advertising
Total
$8,724.66
4.60
P.D.
8,
91
Part III.
GROVELAND — GROVELAND CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 111 Merrimack Street, Haverhill)
Incorporated
November
4,
Began business November
1895.
19,
Harry W. Vaughan, President
1895
George Mitchell, Treasurer
Board of Directors: A. H. Amazeen*, Theodore Dewhurst, H. W. Hardy, John Magee, J. W. McGinley, George
Mitchell*, C. H. Pike, R. T. Shea, E. L. Sides, F. R. Spofford, A. G. Twombly*. H. W, Vaughan*, A. L.
Wales*.
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
18, 1927
Liabilities
Loans on real estate
Loans on shares
Temporary expense account
Due from trust companies and national banks
Dues capital
Profits capital
$548,550 00
8,205 00
1,328 97
.
Matured share certificates
Forfeited share account .
Guaranty fund
13,744 62
.
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
Overs and shorts
.
$571,828 59
$571,828 59
Membership
Serial Shares
Issued during year
770
35
167
....
Matured during year
Shares in force
Shares now pledged
issued in
.....
—
Members
Members who
1,180
.
Forfeited during year
New series
13
20
86
16
50
383 43
2,550 00
01
Surplus
Withdrawn during year
00
30
00
00
$307,157
59,116
161,400
10
12,196
13,520
14,939
549
6
.
are borrowers
.
640
271
Unmatured shares
Matured share certificates
.
561
140
Holders of
5,920
2,970
:
May, November.
Profits Distributed
Unmatured Shares
3%; second
First term,
term,
3%.
Matured Share Certificates
First term, 2^%; second term, 2%%.
Proportion of profits retained on voluntary withdrawals,
25% on
series less
than 2 years old;
10%
thereafter.
Rates and Averages on Loans
248 real estate loans (average, $2,212 each; average rate, 6%): 6%, $548,550.
25 share loans (average, $328 each; average rate, 6%): 6%, $8,205.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$1,900.00
$301.57
$81.50
3.32
.53
.14
Other
Expenses
$256.98
.45
Total
2,540.05
4.44
HAVERHILL — CITIZEN'S CO-OPERATIVE BANK
Incorporated August 22, 1887.
William
W.
Began business September
Spaulding, President
Board of Directors: H.
M. Goodwin, D.
1887
12,
Daniel C. Hunt, Treasurer
C. Hunt*, N. C. Johnson*, H. E. Lewis*, F. D. McGregor, C. A.
Pingree, W. W. Spaulding.
Regular meeting for receipt of moneys the second
* Security
Committee.
Monday
of each
month.
92
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Common form mortgages
Temporary expense account
Taxes paid
Due from trust companies and na
tional banks
Cash and cash items
....
8,
10, 1927
Liabilities
Dues capital
Profits capital
00
00
00
00
690 78
857 60
,889,140
61,985
3,565
4,400
$1,329,738 00
305,194 81
245,000 00
.
Matured share certificates
Forfeited share account
43 68
.
Guaranty fund
40,449 11
42,835 38
9,984 76
Surplus
Interest
20,544 46
2,336 89
Fines
Transfer fees
246 43
1 00
138 23
9,888 33
.
Withdrawal profits
Due on uncompleted loans
$1,983,519 73
$1,983,519 73
Serial Shares
Issued during year
Forfeited during year
Matured during year
.....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
614
Shares in force
Shares now pledged
New
Membership
4,290
2,687
10
Withdrawn during year
Part III.
24,401
11,351
series issued in April, October.
2,181
.
878
.
2,098
198
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
2}^%; second term,
term,
Matured Share
3%.
Certificates
2H%.
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
750 real
$2,519 each; average rate, 6%): 6%, $1,889,140.
2^5 share loans (average, $253 each; average rate, 6%): 6%, $61,985.
9 loans on matured share certificates: 6%, $3,565.
estate loans (average,
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
.
Other
Expenses
Advertising
5,572.00
$1,028.82
$230 64
1.80
.52
.12
Total
$2,003.92
1.01
.
3,835.38
3.45
HAVERHILL — HAVERHILL CO-OPERATIVE BANK
Incorporated August 20, 1877.
Edward
Began business September
3,
1877
James G. Page, Treasurer
A. Fitts, President
Edna E. Gage,
Assistant Treasurer
Board of Directors: C. A. Bodwell, C. H. Clark*, W. G. Cogswell, E. A. Fitts*, M. J. Fowler*, G. E. Frye,
E. J. Kempton, S. A. McGregor, E. H. Moulton, J. G. Page, W. W. Roberts, J. H. Sayward.
Regular meeting for receipt of moneys the
first
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Unpaid interest
Unpaid fines
....
Personal accounts
Due from
tional
.
trust companies
banks
3,
1927
Liabilities
$2,980,800 00
100,730 00
250 00
1,738 88
24,475 36
493 64
5,327 18
and na
35,896 64
Dues
....
capital
Profits capital
Matured share certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
Bills payable for
.
.
.
money borrowed
Due on uncompleted loans
Dividends on matured share
cates
.
00
18
00
58
67
69
58
00
00
certifi
6,715 00
$3,149,711 70
$3,149,711 70
* Security
.
$2,145,306
483,552
268,600
46
8,420
87,451
77,019
50,000
22,600
Committee.
—
P.D.
8,
93
Part III.
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New
series issued in
.....
Members
Members who
8,328
4,706
117
1,726
40,336
18,451
.
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
May, November.
3,556
1,322
.
3,445
239
.
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
2^%;
3%.
term,
Matured Share
Certificates
second term, 23^%.
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
6%): 6%, $2,980,800.
6%, $100,730.
1,075 real estate loans (average, $2,772 each; average rate,
446 share loans (average, $225 each; average rate, 6%):
1 loan on matured share certificates: 6%, $250.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$7,870.00
.
.02
.25
2.50
Other
Expenses
Advertising
Total
$420 65
$2,298.61
1,389.28
.13
.73
3.61
.
HINGHAM — HINGHAM CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Office of Rhodes Ripley Co., 35 Kneeland Street,
Boston; store of F. A. Loud & Co., East Weymouth)
Incorporated June
1,
1889.
Began business June
5,
1889
Ira G. Hersey, President
George
S.
Marsh, Treasurer
Board of Directors: C. S. Cushing*, Edmund Daly, J. W. Douglas, W. B. Fearing*, W. B. Foster, F. M. Hersey*, I. G. Hersey, K. A. Hersey*, J. T. Hollis, Frederick Humphrey, C. H. Marble, G. S. Marsh, J. J.
Moore, E. R. Ripley, W. C. Shute, W. W. Simmons, E. F. Skinner*, George Whiting.
Regular meeting for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
5,
Liabilities
Loans on real estate
$1,391,850
Loans on shares
41,000
Loans on matured share certificates
2,000
Unpaid interest
3,911
Unpaid fines
426
Due from trust companies and aational banks
20,420
Cash and cash items
15,576
.
00
00
00
46
26
Dues capital
Profits capital
46
79
Surplus
$915,606 00
190,185 80
287,000 00
1,915 94
5,681 07
32,266 00
26,082 56
126 00
12,500 00
.
Matured share
certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
Interest
Due on uncompleted loans
Dividends on matured share
cates
certifi
3,821 60
.
$1,475,184 97
$1,475,184 97
Membership
Serial Shares
[ssued during year
SVithdrawn during year
Forfeited during year
Matured during year
.
Shares in force
Shares now pledged
New series issued in February,
I,
1927
....
Members
Members who
3,553
2,068
54
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
628
18,807
8,124
1,640
560
of:
May, August, No-
1,589
257
Profits Distributed
vember.
First term,
1K%;
Unmatured Shares
V/m%; second term, V/fe%\
fourth term,
third term,
iy2 %.
Matured Share
Certificates
First term, V>As%\ second term, l 5/f6 %; third term,
1%%;
Proportion of profits retained on voluntary withdrawal
5 to 10 years old
i,
25%
5%
on
fourth term,
series less
thereafter.
* Security Committee.
1%%.
than 5 years;
10% on
series
from
04
P.D.
8,
Part
III.
Rates and Averages on Loans
451 real estate loans (average, $3,086 each; average rate, 6%): 534%, $3,900; 6%, $1,387,950.
228 share loans (average, $179 each; average rate, 6%): 6%, $41,000.
4 loans on matured share certificates : 6%, $2,000.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Other
Expenses
Salaries
Rent
P4.211.67
$302.02
$138.70
$1,438.77
5,091.16
2.85
.20
.09
.98
4.12
Advertising
Total
HOLBROOK — HOLBROOK CO-OPERATIVE BANK
Incorporated June
9,
1888.
Began business June
Fred A. Gardner, President
11,
1888
Frederic
W.
Blanchard, Treasurer
Board of Directors: F. W. Blanchard, F. B. Brooks, F. B. Diman*, L. E. Flye, P. H. Fraher, F. A. Gardner*,
John King, W. W. Lincoln, Howard Platts, G. W. Porter, J. W. Porter, F. G. Reed, E. S. Rogers, A. T.
Southworth, G. E. White, G. T. Wilde, W. B. Wilde.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
11,
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Furniture and fixtures
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
,450
19,905
1,075
200
00
00
00
00
77
116
115 10
1,014 56
Dues
.
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
19,044 16
12,372 35
17,727 61
565 23
Interest
Fines
21,308 19
75 00
$434,172 00
94,702 17
146,400 00
14,400 00
capital
Profits capital
.
Withdrawal profits
Due on uncompleted loans
Security committee
314 20
462 90
99 00
$740,259 62
$740,259 62
Membership
Serial Shares
Issued during year
1,045
Withdrawn during year
563
4
403
.
Forfeited during year
....
Matured during year
Shares in force
Shares now pledged
New
series issued in June,
1927
7,700
3,914
.....
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders of
:
Paid-up share
727
282
672
125
17
certificates
December.
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured Share Certificates
First term, 2%%\ second term, 2%,%.
Paid-up Share
First term,
Certificates
23^%; second term,
2H%.
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
264 real estate loans (average, $2,638 each; average rate, 6%): 6%, $696,450.
34 share loans (average, $585 each; average rate, 6%): 6%, $19,905.
3 loans on matured share certificates: 6%, $1,075.
1
loan on paid-up share certificates:
6%,
$200.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Other
Expenses
Salaries
Rent
Advertising
$1,500.00
2.03
$120.00
$56.60
..17
.16
.08
1.18
* Security Committee (one vacancy).
Total
2,551.77
3.45
\D.
8,
95
Part III.
HOLYOKE — CITY CO-OPERATIVE BANK
Began business July
Incorporated July 16, 1889.
23, 1889
Pierre Bonvouloir, Treasurer
Bonvouloir, Assistant Treasurer
oard of Directors: Samuel Bail, W. G. Beaudro, Louis Bibeau, Pierre Bonvouloir*, S. J. Bonvouloir, J. E.
Brindamour, T. J. Carmody, C. E. Ducharme, O. E. Genest, Arthur Hebert, L. A. Lafrance, O. O. Lamontagne, A. F. Larose, Joseph Lussier, G. W. Messier, Edward Pauze*, Daniel Proulx*, Homer Stebbins
>aniel Proulx, President
S. J.
Regular meeting for receipt of moneys the
Tuesday
last
month.
of each
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
londs and notes
Dues capital
Profits capital
$1,363,360 00
42,715 00
4,140 00
loans
loans
loans
loans
Matured share
'emporary expense account
)ue from trust companies and na
tional banks
)ash and cash items
certificates
Paid-up share certificates
Guaranty fund
Surplus
1,026 66
4,838 43
265 57
505 10
....
$876,506
151,230
263,200
137,600
30,812
35,830
6,950
103
.
850 00
25,525 00
estate by foreclosure, etc.
Jnpaid interest
Jnpaid fines
!,eal
25, 1927
Liabilities
Interest
Fines
Transfer fees
Security committee
.
48,641 43
10,448 41
$1,502,315 60
Membership
Serial Shares
....
....
....
....
Members
Members who
ssued during year
4,618
Vithdrawn during year
3,162
"orfeited during year
27
288
Matured during year
.
.
hares in force
19,881
ihares now pledged
8,088
lew series issued in January, April, July, October.
Holders
.
of
:
1,794
— are borrowers
.
609
....
Unmatured shares
Matured share certificates
.
.
19
50
81 00
$1,502,315 60
.
00
25
00
00
90
83
93
Paid-up share
.
,
certificates
.
.
.
.
.
.
.
.
1,635
221
103
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
1M%;
First term, \}/i%', second term,
1M%;
1H%-
fourth term,
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
W real
4-4
$2,572 each; average rate, 6%): 6%, $1,363,360.
share loans (average, $297 each; average rate, 6%): 6%, $42,715.
estate loans (average,
6 loans on matured share
2 loans on paid-up share
certificates:
certificates:
6%,
6%,
$4,140.
$850.
Total Expenses for Year
mount paid
for
ost per $1,000 of assets
.
Salaries
Rent
54,769 68
$452.39
3.17
.30
.
Advertising
Other
Expenses
Total
$1,255.41
6,986.36
.84
4.65
.34
HOLYOKE — HOLYOKE CO-OPERATIVE BANK
Incorporated July 24, 1880.
aarles L.
Newcomb,
Began business August
25, 1880
Frank
President
J.
Phelps, Treasurer
W.
F. Bachelder, F. A. Brainerd, John Hildreth, E. D. Lamb, C. L. Newcomb, R. E.
Philip O'Brien, F. J. Phelps*, G. W. Ritter, L. M. Thorpe, J.'B. Williams*, L. M. Yoerg.
>ard of Directors:
Newcomb*,
Regular meeting for receipt of moneys the fourth Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
>ans
on
real estate
pans on shares
>ans
on matured share
certificates
mds and notes
immon form mortgages
jal estate by foreclosure,
rers
and shorts
ie from trust
tional banks
iish
etc.
.
$1,609,750
31,800
3,850
72,000
9,450
19,797
15
00
00
00
00
00
Dues capital
Profits capital
50
75
Surplus
companies and na
and cash items
26, 1927
Liabilities
Matured share
certificates
Forfeited share account
422 00
.
Guaranty fund
Due on uncompleted
cates
$1,877,102 02
* Security Committee.
.
53,255 84
49,737 53
3,600 00
loans
Dividends on matured share
130,338 77
100 00
$1,184,414 00
218,107 65
358,600 00
.
certifi
8,965 00
$1,877,102 02
96
P.D.
Part
8,
III.
|
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
216
816
Matured during year
Shares in force
Shares now pledged
New
series issued in
Members
Members who
5,185
3,552
.
25,033
9,292
2,078
|
— are borrowers
548
Unmatured shares
Matured share certificates
1,985
Holders
of:
May, November.
258
Profits Distributed
Unmatured Shares and Matured Share
First term,
Proportion of profits retained on voluntary withdrawals,
25%
on
Certificates
2)4%\ second term, 23^%.
series less
10%
than 5 years old;
thereafter.
Rates and Averages on Loans
474 real estate loans (average, $3,396 each; average rate, 5.98%): 5}4%, $59,200; 6%, $1,550,550.
74 share loans (average, $430 each; average rate, 6%): 6%, $31,800.
7 loans on matured share certificates : 6%, $3,850.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
15,394.00
.
L,
2.87
Other
Expenses
Advertising
101. 25
.59
$401.34
Total
$1,990.38
1.06
.21
97
4.73
3,886.
HUDSON — HUDSON CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 6
Incorporated October 22, 1885.
Elwin
J.
Mason
Street,
Began business November
19,
Maynard)
1885
Norman M. Hunter,
Prescott, President
Gertrude
W.
Treasurer
Fi London, Assistant Treasurer
Board of Directors: G. F. Allen*, Gertrude W. Fi London, A. L. Fletcher*, N. M. Hunter, R. F. Kerrigan, R. S
Lamson*, F. E. Morris, C. A. Packard, E. G. Persons, E. J. Prescott*, H. A. Reardon, C. H. Robinson
F. H. Robinson, S. M. Robinson*, Frank Taylor, C. J. Tower, C. B. Wheeler, A. E. Woodbury.
Regular meeting for receipt of moneys the third Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
Loans
Loans
Loans
Loans
on
on
on
on
real estate
00
00
00
00
46 55
$2,267,950
42,450
1,200
1,250
.
shares
matured share
certificates
share certificates
paid-up
Insurance and taxes paid
Due from
trust companies
20, 1927
Dues capital
Profits capital
,279,288 0C
.
274,930 7(
496,000 0(
234,400 0(
7 0(
46,741 71
20,385 55
9,000 0(
99 3!
4,200 01
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
Guaranty fund
and na
tional banks
Cash and cash items
60,851 71
50 00
Surplus
Due on uncompleted
Special insurance
loans
.
Reserve for permanent expense
Dividends on matured share certifi
5,815
8,'
2,930
0<
$2,373,798
2<
cates
Dividends on paid-up share
certifi
cates
$2,373,798 26
Membership
Serial Shares
Issued during year
Withdrawn during year
.
4,889
2,894
Forfeited during year
86
Matured during year
1,444
24,933
13,129
August, No-
....
Shares in force
Shares now pledged
New
series issued in
February, May,
....
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
Paid-up share
vember.
2,49
91
2,20
42
21
certificates
Profits Distributed
il
Unmatured Shares
First term, lJHs%; second term,
1
H%
;
fourth term,
1^%;
1%%.
Matured and Paid-up Share
1M%;
1H%;
second term,
fourth term, 1M%-
First term,
third tern
\
Certificates
A%\
X
third tern
Proportion of profits retained on voluntary withdrawals, one-sixth. On mortgage loan accounts no withdraw!
loss if money withdrawn is entirely devoted to repayment of loan.
* Security
Committee.
P.D.
8,
Part
97
III.
Rates and Averages on Loans
794 real estate loans (average, $2,856 each; average rate, 5.79%): 53^%, $951,950; 6%, $1,316,000.
250 share loans (average, $170 each; average rate, 5.86%): 53^%, $11,250; 6%, $31,200.
7 loans on matured share certificates : 6%, $1,200.
5 loans on paid-up share certificates : 6%, $1,250.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
L.234.54
.52
$3,961.38
1.67
.
IPSWICH
— IPSWICH
Walter E.
Hay ward,
8,
1913.
r,500.24
.16
.81
3.16
Total
CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Office of
Incorporated July
$381.28
Other
Expenses
$1,923.04
Advertising
J. A.
Marshall,
Began business July
14,
Main
Street, Rowley)
1913
Erederick S. Witham, Treasurer
President
Board of Directors: G. A. Barker, F. M. Burke*, C. F. Chapman, H. N. Doughty, C. E. Goodhue*, W. E.
Hayward, C. M. Kelly, F. W. Kyes, E. J. Marcorelle, J. A. Marshall*, D. E. Measures, W. J. Riley*,
G. A. Schofield*. F. P. Trussell, F. S. Witham.
Regular meeting for receipt of moneys the second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Furniture and fixtures
Temporary expense account
.
Personal accounts
.
.
Overs and shorts
Due from trust companies and na
tional banks
Cash and cash items
.
10, 1927
Liabilities
Dues
$534,120 00
10,905 00
1,000 00
26 35
391 28
55 00
40 51
00
01
00
00
10 00
6,345 41
$322,347
60,427
105,000
47,200
capital
Profits capital
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
2,080 18
2,774 55
Interest
4,220 43
3,173 25
43 40
25
4 02
7,700 00
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
$553,931 82
Serial
Issued during year
Shares in force
Shares now pledged
series issued in
Membership
Shares
Members
Members who
2,148
Withdrawn during year
Matured during year
New
$553,931 82
891
492
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
7,550
3,089
.
Jan nary, April July 0< 3 tober.
Paid-up share certificates
.
.
868
252
.
...
...
.
.
819
99
44
.
Profits Distributed
Unmatured Shares
First term,
iy2 %;
V/%%; second term, V/&%;
fourth term,
Matured and Paid-up Share
Certificates
First term,
1J4%; second term, 1J4%;
1M%;
1M%.
Proportion of profits retained on voluntary withdrawals,
none.
fourth term,
10% on
series less
third term,
ty2 %.
third term,
than 4 years old; after 4 years,
Rates and Averages on Loans
216 real estate loans (average, $2,473 each; average rate, 6.1%): 6Vio%, $534,120.
85 share loans (average, $312 each; average rate, 6.1%): 6Vio%, $10,905.
1 loan on matured share certificates: 6Vio%, $1,000.
Total Expenses for Year
Rent
Advertising
,514.03
$519.84
$101.20
2.73
.94
.18
alaries
Amount
paid for
Cost per $1,000 of assets
.
* Security
Committee.
Other
Expenses
$663.83
1.20
Total
$2,798.90
5.05
98
P.D.
8,
Part III.
LAWRENCE— ATLANTIC CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 56 Main Street, Andover)
Incorporated
March
26, 1891.
Began business April
30, 1S91
Frank W. McLanathan, President
Benjamin R. Bradley, Treasurer
of Directors: R. V. Baketel, J. H. Bevington, R. W. Bevington*, O. W.
Clark, D. J. Costello*, B. E. Crowell, W. D. Currier, N. F. DeCesare,
Board
Grimes, F. H. Hardy, C. H. Kitchin, W. M. Lamont, F.
F. A. Sherman, C. F. Smith, D. K. Webster, Jr.
Boothbv, B. R. Bradley*, T T
D. C. Farr, G. E. Folk, H. D.
W. McLanathan, W.
Regular meeting for receipt of moneys the
last
W.
A. Pedler,
T. Rochefort,
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
28, 1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Furniture and fixtures
Temporary expense account
Insurance and taxes paid
Overs and shorts
Due from trust companies and na
tional banks
Cash and cash items
00
00
00
62
400 00
445 27
120 15
32 07
,031,250
17,225
1,245
11,577
.
Dues capital
Profits capital
$697,267
133,394
75,200
90,400
160
23,511
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
16,419
5,233
Interest
Fines
Transfer fees
119
.
3,995 17
5,962 97
Withdrawal
profits
107
20,000
10,400
39
payable for money borrowed
Due on uncompleted loans
Security committee
Bills
$1,072,253 25
$1,072,253 25
Membership
Serial Shares
....
....
....
....
Issued during year
.
Withdrawn during year
Forfeited during year
.
.
5,072
3,439
120
.
....
Members
Members who
Holders
.
.
of:
— are borrowers
.
Paid-up share
1,261
377
.
.
Unmatured shares
Matured share certificates
429
Matured during year
17,685
Shares in force
.
5,985
Shares now pledged
New series issued in January, April, July, October.
.
00
21
00
00
25
69
97
53
29
50
81
00
00
00
1,192
56
61
.
certificates
Profits Distributed
Unmatured Shares
1*4%; second term,
fourth term, 1)4%.
First term,
lH%i
1^%;
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
25%
1J£%; second term,
1M%.
fourth term,
on
series less
third term,
Certificates
1M%;
third term,
than 5 years old; after 5 years,
Rates and Averages on Loans
SU real estate loans
(average, $2,998 each; average rate, 6.48%): 6%, $33,300;
101 share loans (average, $169 each; average rate, 6.50%): 63^%, $17,225.
2 loans on matured share certificates: 6H%. $1,245.
6^%,
$997,950.
Total Expenses for Year
$696.00
$34.21
Other
Expenses
$586.16
.65
.03
.55
Rent
Salaries
Amount
$3,605.30
3.36
paid for
Cost per $1,000 of assets
.
Advertising
Total
$4,921 67
4 59
LAWRENCE — LAWRENCE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Andover National Bank, Andover)
Incorporated
March
12, 1888.
Began business April
6,
1888
William A. Whitney, Treasurer
Frederic N. Chandler, President
Board of Directors: Thomas Bredbury, F. A. Buttrick, F. N. Chandler, W. S. Donald, F. H. Eaton, Albert
Emerton, J. B. Ewart, W. H. Glover, C. A. Leach, J. R. Marjerison, R. F. Pickels, C. A. Stone*, H. B.
Taylor, W. A. Whitney*, H. P. Wilkinson*.
Regular meeting for receipt of moneys the
first
* Security Committee.
Saturday of each month.
99
ilX 8, Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
mns on
)ans on shares
jans on matured share certificates
eal estate by foreclosure, etc.
Lsurance and taxes paid
capital
Profits capital
Matured share
450 00
Paid-up share
17,608 11
certificates
certificates
Guaranty fund
and na
Surplus
.
.
.
Due on uncompleted
59,482 70
100 00
loans
Dividends on matured share
cates
.
.
.
Dividends on paid-up share
cates
certifi-
2,120 00
.
certifi-
185 00
.
$1,823,641 07
$1,823,641 07
Membership
Serial Shares
....
....
.....
....
sued during year
ithdrawn during year
>rfeited during year
atured during year
tares in force
tares now pledged
ew series issued in
.
.
.
.
.
.
February, May,
Members
Members who
4,769
4,143
1 18
.
.
00
20
00
00
54
81
52
00
282,468
265,935
169,600
14,800
534
45,771
35,476
6,750
.
Forfeited share account
525 26
215 00
.
.....
Dues
,712,800 00
32,460 00
real estate
jrsonal accounts
ue from trust companies
tional banks
ash and cash items
1927
1,
Liabilities
1,988
.
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
567
26,044
10,189
August, No-
Paid-up share
vember.
577
.
1,939
144
10
.
certificates
Profits Distributed
Unmatured Shares
First term, ¥/{(>%', second term, l 7/f6%; third term,
V/&%; fourth term, V/&%.
Matured and Paid-up Share
First term,
oportion of profits retained on voluntary withdrawals,
none.
Certificates
1J4%; second term, 1%%',
1H%: fourth term, 1H%25% on series less than 5 years
third term,
after 5 years,
old;
Rates and Averages on Loans
5%, $2,300; 6%, $187,250;
6%, $850; 6^%. $31,610.
1 real estate loans (average, $3,637 each; average rate, 6.44%):
1 share loans (average, $215 each; average rate, 6.49,%):
1 loans on matured share
certificates
:
6
%%, $1,523,250.
63^%, $450.
Total Expenses for Year
Rent
Salaries
nount paid for
>st
$6,783.04
3.72
.
per $1,000 of assets
L,
Advertising
128. 10
.62
Other
Expenses
$169.00
$1,933,49
.09
1.06
Total
$10,013.63
5.49
LAWRENCE — MERRIMACK CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 14
Incorporated April
tin J.
2,
1892.
Main
Began business April
Street, Andover)
28, 1892
Cornelius A. McCarthy, Treasurer
Hurley, President
ird of Directors: A. J. Batal, F. W. Boody, J. A. Brogan, F. J. Buckley, J. J. Flynn, L. E. Garneau, R. E.
Hardy, F. C. Harmon, J. A. Hurley*, J. J. Hurley, J. A. Levek, C. A. McCarthy, J. F. McDowell, J. P.
Mulholland, J. F. O'Connell, J. J. Petroske*, F. J. Quinn*, A. H. Rogers, M. A. Sullivan, M. J. Sullivan,
Simeon Viger, Fergus Waters.
Regular meeting for receipt of moneys the
first
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
ans on real estate
ans on shares
pans on matured share certificates
lians on paid-up share certificates
!al estate by foreclosure, etc.
.paid interest
Ijpaid fines
jiiurance and taxes paid
J:
j;.e
....
00
00
00
00
80
83
548 63
18 32
,025,750
90,450
1,110
1,095
8,449
7,506
Dues capital
Profits capital
.
.
1927
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
Guaranty fund
.
Surplus
.
.
126,802 34
2,477 36
.
.
.
$2,264,208 28
* Security Committee.
.
.
00
62
00
00
32
12
35,604 56
12,213 13
7,955 00
certifi-
3,112 53
.
Dividends on paid-up share
cates
.
loans
Dividends on matured share
cates
$1,517,413
325,575
256,400
102,400
2,254
.
.
Due on uncompleted
from trust companies and na
ional banks
(ish and cash items
..
7,
Liabilities
certifi-
1,280 00
$2,264,208 28
100
P.D.
Part
III;
Membership
Serial Shares
Issued during year
Withdrawn during year .
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in February,
8,
......
Members
Members who
6,435
5,137
101
1,006
30,889
12,995
....
Holders
of:
— are borrowers
2,62i
77
....
.
Unmatured shares
Matured share certificates
Paid-up share
j
2,53!
19
9
.
certificates
May, August, No-
vember.
Profits Distributed
Unmatured Shares
First term, \
l%%\
Z
A%\
second term, \y%%\ third tern
fourth term,
1%%.
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
1M%;
second term,
fourth term,
20% on
series less
IH%-
Certificates
1M%;
third tern
than 4 years old; after 4 year
Rates and Averages on Loans
550
364
5
5
real estate loans (average, $3,683 each; average rate,
share loans (average, $248 each; average rate, 6%):
loans on matured share certificates:
loans on paid-up share certificates:
6%,
6%,
6%) 5%, $5,700; 5}4%,
6%, $90,450.
:
$5,000;
6%,
$2,015,050.
$1,110.
$1,095.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$5,385.00
2.38
$1,800.00
$1,364.70
Other
Expenses
$2,106.42
.80
.60
.93
Total
$10,656.1
4.7
LEOMINSTER — LEOMINSTER CO-OPERATIVE BANK
Incorporated
May
8,
1888.
Began business
May
18,
1888
Alfred N. Litch, President
J.
Ward
Healey, Treasur
Ethel H. Divall, Assistant Treasurer
Board of Directors: R. B. Andrews*, L. W. Browning, H. R. Davis, F. S. Farnsworth, J. W. Healey, W.
Holman, T. C. Howe, A. N. Litch, J. M. McPhee, C. W. Rehor, F. H. Robertson*, F. A. Whitney*.
Regular meeting for receipt of moneys the third Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
Insurance and taxes paid
Due from trust companies and na
tional banks
Cash and cash items
Loans
Loans
Loans
Loans
21, 1927
Liabilities
2,044,505 00
29,070 00
6,490 00
850 00
31 36
Dues
capital
Profits capital
.
.
$1,027,617
211,159
606,200
180,000
.
.
.
1,729
.
.
.
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
48,873 17
13,803 55
.
.
.
.
.
.
Surplus
Due on uncompleted
loans
.....
Dividends on matured share
cates
Dividends on paid-up share
cates
$2,143,623 08
* Security Committee.
.
.
49,107
44,590
13,400
i
I
U
fl
:
i
certifi-
7,569
certifi-
2,250
I
$2,143,623
i
—
P.D.
101
Part III.
8,
Membership
Serial Shares
Members
Members who
5,447
3,832
[ssued during year
Withdrawn during year
.
Matured during year
Shares in force
Shares now pledged
Sew series issued in February,
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
Holders
36
637
22,225
forfeited during year
11,486
2,188
are borrowers
691
....
of:
certificates
1,771
482
138
May, August, No-
vember.
Profits Distributed
Unmatured Shares
1%%;
First term,
1%%;
second term,
1%%.
fourth term,
Matured Share
second term,
fourth term, 1^%-
iy8 %;
Paid-up Share
third term,
Certificates
1J4%; second term, 114%',
1M%;
1M%-
on voluntary withdrawals,
'roportion of profits retained
A%\
\ Z
First term,
fourth term,
10% on
series less
third term,
Certificates
Z
A%\
First term, \
1%%;
third term,
than 6 years old; after 6 years,
none.
97
97
12
2
Rates and Averages on Loans
average rate, 6%): 6%, $2,044,505.
share loans (average, $299 each; average rate, 6%): 6%, $29,070.
real estate loans (average, $3,424 each;
loans on matured share certificates:
loans on paid-up share certificates :
6%,
6%.
$6,490.
$850.
Total Expenses for Year
Rent
$434.04
Salaries
.mount paid for
!ost
$5,535.00
2.58
.
per $1,000 of assets
Other
Expenses
Advertising
$235 26
$1,397.51
11
.65
.20
Total
$7,601 81
3. 54
LEOMINSTER — MUTUAL CO-OPERATIVE BANK
Incorporated November 19, 1919.
Began business December
17,
ndrew E. Harper, President
1919
Arthur L. Wass, Treasurer
Frances E. MacLaren, Assistant Treasurer
oard of Directors: Arthur Beland*, L. H. Bourbeau, F. W. Boynton*, H. H. Chase, C. T. Foster*, H. H.
Goquen, E. P. Hadley, A. E. Harper, W. N. Howe, L. A. Jalbert, S. G. Johnson, P. H. Killelea*, R. C.
Lubin, Peter McKenna, P. J. Moore, D. F. Ouimet, Michele Padavono, J. C. Richardson, R. A. Robillard, Augustus Rosse, J. D. Shea, A. L. Wass, R. V. Worthen.
Regular meeting for receipt of moneys the third Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
Dans on real estate
.
.
Dans on shares
Dans on paid-up share certificates
npaid fines
lrniture
.
and
.
fixtures
.
.
.
.
.
.
.
.
smporary expense account
ue from trust companies and national banks
....
.
ash
and cash items
.
21, 1927
Liabilities
.
.
.
$282,400 00
16,715 00
360 00
11 38
804 44
483 29
Dues capital
Profits capital
.
.
Paid-up share
00
97
00
43
1,166 78
333 85
1,465 49
89 16
7,500 00
350 00
$230,365
37,142
28,800
4
.
certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
1,435 26
Withdrawal
5,008 31
Bills
profits
payable for money borrowed
Due on uncompleted
loans
$ 307,217 68
$307,217 68
Membership
Serial Shares
3ued during year
ithdrawn during year
>rfeited during year
....
.
tares in force
.ares
pledged
now
w
series issued in
....
—
1,632
1,028
Members
Members who
53
5,247
1,896
Holders
of:
Unmatured
are borrowers
534
164
.
515
27
shares
Paid-up share
certificates
March, June, September, De-
cember.
Profits Distributed
Unmatured Shares and Paid-up Share
First term,
1M%;
ioportion of profits retained
on voluntary withdrawals,
10% on
none.
* Security Committee.
\\i%\ second term,
fourth term,
series less
A%.
1M%;
Certificates
third term,
\X
than 6 years old; after 6 years,
102
P.D.
8,
Part
III.
Rates and Averages on Loans
118 real estate loans (average, $2,393 each; average rate, 6%): 6%, $282,400.
44 share loans (average, $380 each; average rate, 6%): 6%, $16,715.
2 loans on paid-up share certificates: 6%, $360.
Total Expenses for Year
Amount paid
Cost
for .
per $1,000 of assets
Salaries
Rent
Advertising
$1,200 00
3 91
$946.38
3.08
$63 10
.20
Other
Expenses
$1,288.91
4.20
Total
3,498. 3<
11.35
LEXINGTON — LEXINGTON CO-OPERATIVE BANK
W
(Other authorized locations for receipt of moneys: American Trust Company, Boston; E.
Harrod, East Lexington; J. M. Chase, Bedford; R. D. Donaldson, Lincoln)
Incorporated
May
10, 1916.
Began business July
12,
1916
William E. Mulliken, Treasure:
Hallie C. Blake, President
W. H. Ballard, A. I. Bicknell, H. C. Blake, A. H. Burnham, J. M. Chase, F. D. Cloyes
T. A. Custance*, F. P. Cutter, R. D. Donaldson, B. C. Earle, E. W. Harrod, D. B. Lewis, H. A. Martin
G. C. McKay, W. E. Mulliken*, C. S. Ryan, J. W. Smith, C. H. Spaulding*. Matthew Stevenson, E. C
Stone, J. A. Wilson.
Board of Directors:
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
13,
1927
Liabilities
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Temporary expense account
Due from trust companies and national banks
Cash and cash items
.
.
$947,800 00
31,200 00
1,000 00
493 25
h
Dues
$701,514 01
150,884 7
94,400 0!
627 3!
capital .
Profits capital
Paid-up share
certificates
Forfeited share account
Guaranty fund
17,315 39
2,206 69
.
10,418 ft
17,742 6'
5,628 7
122 &
Surplus
Interest
Fines
.
Withdrawal profits
Due on uncompleted loans
Security committee
47 8
18,578 7
50 0'
$1,000,015 33
Serial
$1,000,015
3!
Membership
Shares
Issued during year
4,449
2,317
Withdrawn during year
Forfeited during year
Shares in force
Shares now pledged
New series issued in Jan uary, April July
63
,
Members
Members who
.
Holders
of:
.
.
....
Unmatured shares
15,179
5,642
October.
Paid-up share
1,17
.
.
— are borrowers
.
30
1,14
certificates
Profits Distributed
Unmatured Shares
First term, V/(6 %; second term, V/fc%\ third terb
l 7/f6%; fourth term, V/fa%.
Paid-up Share
First term,
\\i%\ fourth term,
Proportion of profits retained on voluntary withdrawals,
none.
25% on
Certificates
1J4%; second term,
series less
1M%;
third tern
1M%-
than 6 years old; after 6 year
Oth
Rates and Averages on Loans
$3,852 each; average rate, 6.49%): 5^%, $5,100; 6%, $33,800;
$41,000.
66 share loans (average, $557 each; average rate, 6.48%): 6%, $1,000; 6^%, $30,200.
1 loan on paid-up share certificates: 6 3^%, $1,000.
246 real
estate loans (average,
6^%, $867,901
7%,
Jin
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
4
Salaries
Rent
Advertising
$2,716.12
2.71
$552.51
$537.28
.55
.54
Other
Expenses
$938.89
.94
Total
$4,744.8
1
—
* Security Committee.
.
103
.D. 8, Part III.
LOWELL — B.
F.
BUTLER CO-OPERATIVE BANK
Incorporated October 30, 1901.
Began business November
1,
1901
Gardner W. Pearson, Treasurer
Stanley Crysler, President
ard of Directors: L. D. Abbott*, H. S. Crysler*, W. R. Jeyes, R. E. Jodoin, F. A. Major, F. G.
trick, F. H. Pearson, G. W. Pearson*, P. A. Read, M. G. Rogers, H. A. Smith.
Regular meeting for receipt of moneys the
first
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
ians
ians
ians
;al
estate
by
.
.
certificates
foreclosure, etc.
trust companies and na.
from
banks
ish and cash items
ie
.
tional
7,
1927
Liabilities
....
....
on real estate
on shares
on matured share
W. McKit-
.
....
Dues
$186,900 00
3,500 00
750 00
2,141 00
Matured share
Paid-up share
certificates
certificates
Forfeited share account
....
.
Guaranty fund
5,779 91
Surplus
Bills payable for
59 50
.
$87,202
16,476
64,400
18,400
4
3,636
capital
Profits capital
1,903
5,000
1,000
17
money borrowed
Due on uncompleted
loans
Security committee
Personal accounts
8
....
....
.
Dividends on matured share
cates
Dividends on paid-up share
cates
certifi
852 46
certifi
230 00
$199,130 41
$199,130 41
Membership
Serial Shares
sued during year
....
....
....
.....
....
Jthdrawn during year
rfeited during year
itured during year
ares in force
ares now pledged
series issued in
w
.
.
.
.
00
48
00
00
00
91
56
00
00
00
00
....
Members
Members who
649
246
Holders
9
191
2,123
of:
— are borrowers
Unmatured shares
Matured share certificates
.
230
88
.
196
81
Paid-up share certificates
1,171
19
February, May, August, No-
vember.
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, \ z/%%\ second term, 1^%; third term,
1%%;
l%%.
fourth term,
Paid-up Share
First term,
1H%\
(portion of profits retained
on voluntary withdrawals,
25%
on
Certificates
1J4%; second term,
fourth term,
series less
1U%.
1M%;
than 4 years old;
third term,
10%
thereafter.
Rates and Averages on Loans
average rate, 6.02%): 5%, $6,200; 6%, $163,250; 6J^%, $13,900;
real estate loans (average, $2,427 each;
7%, $3,550.
share loans (average, $318 each; average rate,
loan on matured share certificates: 6%, $750.
6%): 6%, $3,450; 6J^%, $50.
Total Expenses for Year
f^ount paid for
|p per $1,000 of assets
.
Salaries
Rent
Advertising
$412.82
2.07
$180.00
$103.41
.90
.52
Other
Expenses
$274.65
1.38
Total
$970.88
4.87
LOWELL — LOWELL CO-OPERATIVE BANK
authorized locations for receipt of moneys: Saco-Lowell Shops, 350 Dutton Street, Lowell;
Post Offices at North Billerica, Billerica Center; North Chelmsford, Chelmsford Center
and Tewksbury Center)
:her
Incorporated April 29, 1885.
.ncis
Began business
May
E. Appleton, President
14,
1885
Charles C. Drew, Treasurer
Norman U. Armour,
Assistant Treasurer
rd of Directors: F. E. Appleton, Arthur Bartlett*. H. L. Bishop, F. E. Bramhall, Adam Cochrane, W. H.
Dorr, C. C. Drew, O. H. P. Green, E. C. Hart, F. B. Kenney, John Kerr, S. E. Qua, R. E. Runels, W. F.
Sanborn*, A. A. Stewart*.
Regular meeting for receipt of moneys the
first
Friday after the tenth of each month
* Security Committee.
—
104
P.D.
8,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
14, 1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Banking house
Unpaid interest
Unpaid fines
Furniture and fixtures
Insurance and taxes paid
Mortgagees expense
Due from trust companies and na
tional banks
Cash and cash items
$5,058,800
100,025
13,290
2,720
35,365
79,668
20,448
1,952
1,510
3,140
15
....
Dues
00
00
00
00
45
99
99
68
27
43
capital
Profits capital
52,836,342 0C ft
567,386 96 k
1,386,600 OCk
519,800 0C
815 3S
100,771 47
51,420 82
22,810 0C
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
.
Guaranty fund
Surplus
Due on uncompleted loans
Due on foreclosure sales
....
Rents
Dividends on matured share
31
359 07
255 62
certifi
cates
...
.
certifi
cates
6,497 5C
$5,509,805
17
Pro
Membership
Serial Shares
Issued during year
Members
Members who
9,517
6,885
Withdrawn during year
Forfeited during year
273
Matured during year
1,579
Shares in force
Shares now pledged
series issued in
1
16,746
Dividends on paid-up share
148,610 72
44,257 33
$5,509,805 17
New
Part IIIJ
February, May,
are borrowers
.
Unmatured shares
Matured share certificates
.
Paid-up share
.
Holders
of:
.
57,724
29,075
August, No-
.
.
.
.
.
.
.
.
6,14£
1,925
•
vember.
certificates
5,30'
1,14(
493
Profits Distributed
Unmatured Shares
%%
First term, 1
1%%;
second term,
;
fourth term,
1
1%%.
Matured and Paid-up Share
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
25% on
1J4%; second term,
fourth term,
series less
1M%-
y%
&
;
third term
Certificates
1M%;
10%
than 4 years old;
third term
thereafter
Rates and Averages on Loans
1,619 real estate loans (average, $3,125 each; average rate, 5.95%): 5%, $226,750; 5^%, $33,250;
$4,788,450; 63^%, $10,350.
276 share loans (average, $362 each; average rate, 6.01%): 6%, $98,465; 63^%, $1,560.
22 loans on matured share certificates: 6%, $13,290.
11 loans on paid-up share certificates: 6%, $2,720.
6%
Total Expenses for Year
Salaries
Amount
$13,249.69
2.40
paid for
Cost per $1,000 of assets
.
Rent
Advertising
$6,448.42
1.17
$2,134.91
Other
Expenses
Total
$6,375.81
1.16
.39
$28,208.82
5. IS
Loa
LOWELL — MIDDLESEX CO-OPERATIVE BANK
Incorporated
Elbert
J.
November
2, 1892.
Began business November
3,
1892
William M. Sherwell, Treasure!
Gilmore, President
Board of Directors: C. W. Churchill, H. W. Coburn, C. W. Dana*, Arthur Genest, E. J. Gilmore*, A. G. Jen
kins, N. D. Keables*, F. S. Kingsbury, S. G. Pillsbury, W. M. Sherwell, J. C. Sullivan.
Regular meeting for receipt of moneys the last Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
....
....
....
Loans on real estate
Loans on shares
Real estate by foreclosure, etc.
Unpaid interest
Due from trust companies and national banks
Cash and cash items
.
.
.
.
.
28, 1927
.
.
$2,015,200
44,210
26,816
9,286
00
00
24
63
Dues capital
Profits capital
Matured share
Paid-up
....
...
....
certificates
share certificates
.
.
.
.
Forfeited share account
66,259 37
3,312 57
Guaranty fund
Surplus
Due on uncompleted
loans
Dividends on matured share
cates
.
•
.
•
Dividends on paid-up share
cates
$2,165,084 81
* Security Committee.
.
"
.
$1,251,808
281,915
348,600
197,400
0(
2
0(
0(
05
0(
43,123 4<
26,716 2
8,700 0(
certifi•
4,352
5C
2,467
5(
$2,165,084
81
certifi-
3
105
.D. 8, Part III.
Membership
Serial Shares
ssued during year
Vithdrawn during year
"orfeited during year
.latured during year
hares in force
hares
now pledged
Jew series issued
vember.
in
Members
Members who
3,388
2,677
112
601
22,285
11,435
.
2,314
— are borrowers
716
....
.
.
.
Unmatured shares
Matured share certificates
.
.
.
306
Paid-up share
.
.
.
177
Holders
of:
certificates
1,973
February, May, August, NoProfits Distributed
Unmatured Shares
First term, 1
l%%;
A%\
Z
1%%;
second term,
Matured and Paid-up Share
A%;
\X
First term,
1M%;
'roportion of profits retained
on voluntary withdrawals,
25%
on
Certificates
second term, \\i%\ third term,
1M%-
fourth term,
series less
third term,
1%%.
fourth term,
10%
than 4 years old;
thereafter.
Rates and Averages on Loans
loans (average, $3,164 each; average rate, 5.88%): 5%, $132,700; 5^%, $18,400;
$1,863,300; 63^%, $800.
79 share loans (average, $560 each; average rate, 6%): 5%, $130; 6%, $43,820; 6^%, $260.
'37 real
estate
6%,
Total Expenses for Year
Amount paid
for
^ost per $1,000 of assets
.
Salaries
Rent
Advertising
$6,509.06
3.00
1,051.46
.50
$69.50
Other
Expenses
$1,366.68
Total
5,996.70
4.16
.63
.03
LYNN — EQUITABLE CO-OPERATIVE BANK
Incorporated October
Frederick
W.
2,
1877.
Began business October
8,
1877
Edwin
Hixon, President
C. Lewis, Treasurer
Jessie T. Seeton, Assistant Treasurer
loard of Directors : J. E. Blanchard, T. B. Curtis, A. J. Higgins, F. W. Hixon, H. W. Howard*, Charles Leighton, E. C. Lewis*, C. L. Long*, W. D. Martin, F. L. Perkins*, F. J. Richards, Z. L. Seymour, A. B. Tolman, F. A. Turnbull. J. W. Whyte.
Regular meeting for receipt of moneys the
first
Wednesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
joans on
jOans on
joans.on
joans on
shares
.
.
matured share certificates
paid-up share certificates
Jnpaid interest
furniture and fixtures
.
.
.
.
.
?emporary expense account
nsurance and taxes paid
)ue from trust companies and national banks
pash and cash items
$10,652,350
325,950
20,010
5,430
21,142
2,478
2,657
capital
Profits capital
61
60
66
Forfeited share account
.
.
.
308 07
.
470,410 93
95,318 38
.
Dues
00
00
00
00
.
.
.
00
32
00
00
32
82
90
22
938 77
5 75
$7,107,068
1,513,448
1,414,800
1,116,800
8,766
225,748
125,304
55,846
.
Matured share
Paid-up share
certificates
certificates
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Due on uncompleted
Other
26,674 15
loans
655 00
liabilities
$11,596,056 25
$11,596,056 25
Membership
Serial Shares
ssued during year
Vithdrawn during year
1927
Liabilities
....
....
real estate
5,
.
"orfeited during year
....
Matured during year
hares in force
hares now pledged
Tew series issued in April, October.
.
31,912
20,589
291
4,347
144,290
65,551
Members
Members who
Holders of
:
11,163
4,009
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
10,426
1,103
817
certificates
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share
First term,
2Y2 %;
Proportion of profits retained on voluntary withdrawals, none.
* Security Committee.
Certificates
second term, 23^%.
P.D.
106
8,
Part III.
Rates and Averages on Loans
8,945 real
estate loans (average,
$2,700 each; average rate, 5.98%): 5)4%, $358,000;
1,458 share loans (average, $224 each; average rate, 6%)
67 loans on matured share certificates: 6%, $20,010.
24 loans on paid-up share certificates: 6%, $5,430.
:
6%,
$10,293,450;
5%, $350; 5}4%, $410; 6%, $322,680; 7%,
7%,
$2,510.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
),807.27
$2,382.64
1.79
.21
$342.52
Other
Expenses
$7,174.32
),706.75
.03
.62
2.65
Advertising
Total
LYNN — LINCOLN CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 48 Central Square, Lynn, and 50 State Street,
Boston)
Incorporated April
Jesse
M.
7,
1909.
Began business April
26, 1909
Edward M. Barney,
Holder, President
Treasurer
Board of Directors: E. H. Ballard, E. M. Barney*, Lydia L. Barney, James Bennett, W. A. Bishop, E. E. Boyer,
E. P. Butterfield*,'T. J. Dumas, G. B. Grant, J. M. Holder*, E. J. Kenneally, A. E. Quick, H. R. Stanbon, G. T. Till*, Harry Turner*.
Regular meeting for receipt of moneys the
last
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
Loans on real estate
Temporary expense account
Due from trust companies and national banks
Cash and cash items
.
.
.
$1,125,010 00
.
211 06
.
4,231 82
10,970 60
....
.
.
31, 1927
.
Dues
.
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
11,214
13,748
6,117
133
51
10,000
19,870
2
Interest
Fines
.
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Security committee
Reserve for furniture and fixtures
Bills
$1,140,423 48
Issued during year
Membership
Shares in force
Shares now pledged
.
.
4,127
2,154
.
622
11,319
5,752
series issued in January, April, July, October.
.
New
....
....
....
.
.
.
.
500
$1,140,423 48
Serial Shares
Withdrawn during year
Matured during year
00
44
00
00
06
00
95
78
41
00
84
00
00
$405,270
62,715
502,400
108,400
capital
Profits capital
.
....
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
Paid-up share
certificates
1,094
283
694
340
95
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
1M%;
1%%;
second term, 1}4%; third term,
fourth term, 1J4%.
First term,
Proportion of profits retained on voluntary withdrawals, January and July dividends if shares are withdrawn
after these dividends are declared and before the April and October bank days, otherwise none.
289
Rates and Averages on Loans
average rate, 5.99%): 5J^%, $11,800; 6%, $1,110,060; 7%,
real estate loans (average, $3,893 each;
$3,150.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
52,819.00
2.47
Rent
$2,876.00
2.52
* Security Committee.
Advertising
.03
.77
Other
Expenses
$1,579.35
1.38
Total
5,159.38
7.14
P.D.
8,
107
Part III.
LYNN — LYNN CO-OPERATIVE BANK
Incorporated
November
18, 1891.
Began business November
23, 1891
Charles B. Bethune, Treasurer
Frank E. Wells, President
Pauline Crabtre, Assistant Treasurer
Board of Directors: C. B. Bethune*, R. S. Campbell*, David Johnson, I. W. Perkins, G. E. Powers, F. C.
Reed*, Frank Strickland, J. H. Sutherland, F. A. Trafton, O. L. Upham, E. E. Wells, F. E. Wells.
Regular meeting for receipt of moneys the
Monday
first
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
!Jnpaid interest
pue from trust companies
tional banks
80,832
6,750
2,410
11,999
9,590
00
00
00
66
39
Dues
capital
Profits capital
Matured share
Paid-up share
.
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
121,052 45
1,395 49
00
22
00
00
547 55
61,647 64
49,606 70
$1,829,533
351,600
864,600
353,000
.
.
.
.
Due on uncompleted
Personal accounts
loans
16,904 15
147 26
.
Dividends on matured share
cates
certifi-
20,743 47
.
Dividends on paid-up share
cates
certifi-
8,825 00
.
$3,557,154 99
$3,557,154 99
Membership
Serial Shares
ssued during year
jVithdrawn during year
forfeited during year
Matured during year
8,018
7,016
199
1,146
38,570
19,768
ihares in force
hares
now pledged
,Jew series issued in
1927
Liabilities
,323,125 00
and na
2ash and cash items
3,
......
Members
Members who
Holders
— are borrowers
of:
....
Unmatured shares
Matured share certificates
Paid-up share
.
.
certificates
2,904
1,225
2,595
593
275
May, November.
Profits Distributed
Unmatured Shares
First term,
2%%\
second term,
2%%.
Matured and Paid-up Share
First term,
23^%; second term,
Certificates
2H%.
Proportion of profits retained on voluntary withdrawals, none.
034
Rates and Averages on Loans
average rate, 5.90%): 53^%, $103,700; 6%, $3,214,725; 7%,
r*al estate loans (average, $3,214 each;
$4,700.
191 share loans (average, $423 each; average rate, 5.90%):
13 loans on matured share certificates: 6%, $6,750.
6 loans on paid-up share certificates: 6%, $2,410.
5}4%, $855; 6%, $79,877; 7%, $100.
Total Expenses for Year
Rent
Salaries
nount paid
$12,122.34
3.40
for
>st per $1,000 of assets
.
Advertising
$1,389.80
$369.83
.39
.10
Other
Expenses
$4,066.95
1.14
Total
$17,948.92
5.03
MALDEN — FELLSWAY CO-OPERATIVE BANK
Incorporated April
ancis J.
7,
1915.
Began business June
Welsh, President
7,
1915
Daniel F. McBride, Treasurer
%rd of Directors: L. E. Blake, N. E. Boyle, H. A. Buckley*, E. E. Burns, P. F. J. Carney, W. E. Cunningham, W. J. Driscoll, I. L. Fine, E. W. FitzGerald, W. W. Hall, Jr., A. J. Harty, H. W. Hibbett, A. S.
Kenney, D. F. McBride, G. A. McCormack, Albert Osterlind, J. A. Pagum, D. P. Rossiter, Annie G. Ryan,
F. J. Welsh*, S. F. Welsh*.
Regular meeting for receipt of moneys the
first
* Security Committee.
Monday of each month.
108
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
.
Furniture and fixtures
Temporary expense account
Suspense
.
trust companies and nabanks
Cash and cash items
•
.
3,
$503,750 00
6,000 00
327 30
529 94
755 87
Dues
capital
Profits capital
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
42,346 65
7,581 59
1
Surplus
Interest
Fines
.
.
$561,291 35
$561,291 3
Membership
Serial Shares
Issued during year
1,862
1,095
939
Shares in force
Shares now pledged
New
series issued in
1927
$306,012 0<(
58,607 3:
134,600 0<
31,400 01
229 6i"
7,163 6
12,796
5,602 6
76 3ij
31 5(
4,700 Oil
55 Oi
16 6!|
.
Matured share
Withdrawal profits
Due on uncompleted loans
Security committee
Overs and shorts
Withdrawn during year
Matured during year
Part III
Liabilities
Due from
tional
8,
......
Members
Members who
Holders
of:
— are borrowers
March, June, September, De-
16
....
Unmatured shares
Matured share certificates
6,342
2,599
67
.
Paid-up share
56
10
2
.
certificates
cember.
Profits Distributed
Unmatured Shares
First term, V>As>%; second term, l 5/f6 %; third tern
1%%.
l*/&%; fourth term,
Matured Share
Fourth term,
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
Paid-up Share Certificates
X
second term, \ A%\
third
1K%;
series less
terrr
1M%.
fourth term,
20% on
Certificates
1%%.
than 5 years old; after 5 yean
Rates and Averages on Loans
136 real estate loans (average, $3,704 each; average rate, 6.44%) 5^%, $6,200; 6%, $44,200;
18 share loans (average, $333 each; average rate, 6.40%): 6%, $1,250; 63^%, $4,750.
6H%, $453,35(
:
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
$1,420.00
2.53
.
Rent
Advertising
$805.75
1.44
$80 13
Other
Expenses
$479 67
.
.
.14
.85
Total
$2,785.5
4.9
MALDEN — MALDEN CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Second National Bank, Corbett and Wist
89 State Street, Boston)
Incorporated April 27, 1887.
Began business
May
9,
s
1887
Lawrence H. Marston,
Lloyd Makepeace, President
Treasure
m
Board of Directors: H. C. Bacon, H. H. Barrett, F. A. Bayrd, J. M. Corbett, G. D. Crawford*, E. G. Davif
Alexander Grant, G. H. Hartley, Lloyd Makepeace, William Niedner, L. W. Pillsbury, C. E. Ranson
E. S. Stackpole*. E. B. Stiles*.
JJ"
J
Regular meeting for receipt of moneys the second
* Security Committee.
Monday
of each
month.
\D.
8,
109
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
urniture and fixtures
lsurance and taxes paid
ue from trust companies and na
tional banks
ash and cash items
oans
oans
oans
oans
10, 1927
Liabilities
....
,233,500 59
65,095 00
15,665 00
Dues eapital
Profits capital
900 00
Paid-up share
10,130 77
290 28
Matured share
certificates
certificates
Forfeited share account
Matured share account
797
.
5,118
72,188
83,279
100,000
43,984 14
....
....
....
.
Guaranty fund
199,873 38
1,000 00
Surplus
payable for
money borrowed
Due on uncompleted loans
Bills
Dividends on matured share
cates
certifi
Dividends on paid-up share
cates
27,277 23
certifi
2,882 50
$5,526,455 02
$5,526,455 02
Membership
Serial Shares
during year
ithdrawn during year
>rfeited during year
jatured during year
19,886
8,376
jsued
75
w
now pledged
series issued in
....
Members
Members who
Holders
of:
— are borrowers
.
Paid-up share
5,904
1,648
.
Unmatured shares
Matured share certificates
2,656
58,435
30,435
tares in force
i.ares
00
56
00
00
89
98
46
26
00
$2,365,244
465,682
2,129,400
230,600
4,590
1,483
165
.
.
certificates
February, May, August, No-
vember.
Profits Distributed
Unmatured Shares and Matured Share
1%%;
1%%;
second term,
fourth term, 1%%.
First term,
Paid-up Share
1%%;
Certificates
third term,
Certificates
First term, \}/i%; second term, \}/i%; third term,
1H%;
aportion of profits retained on voluntary withdrawals,
none.
20% on
fourth term,
series less
1%%.
than 5 years old; after 5 years,
Rates and Averages on Loans
$3,572 each; average rate, 6.41%): 5%, $21,550; 5J4%, $249,275;
$39,150; 6%, $198,150; 63^%, $4,714,576; 7%, $10,800.
share loans (average, $150 each; average rate, 6.49%): 6%, $900; 6J^%, $64,195.
46 loans on matured share certificates : 63^%, $15,665.
1 loan on paid-up share certificates: 6%%, $900.
65 real
5J^%
estate loans (average,
Total Expenses for Year
Rent
Salaries
lount paid for
st
$10,841.58
1.96
.
per $1,000 of assets
MANSFIELD
Incorporated
liel
5,683.34
.67
— MANSFIELD
March
10, 1883.
$1,402.65
Other
Expenses
$4,560.66
.25
.83
Advertising
Total
$20,488 23
3.71
.
CO-OPERATIVE BANK
Began business March
21, 1883
C. Richardson, President
Herbert E. King, Treasurer
Fox*, J. R. Hodges, H. E. King, Austin Mason, W. P.
Rathburn, D. C. Richardson, K. C. Sherman, A. E. Shields, H. W.
rd of Directors: O. P. Cook*, C. N. Crane*, T.
J.
McDermott, William Olliff, J. W.
Snyder, John Somers, R. W. "Wheeler.
Regular meeting for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
ds on real estate
as on shares
I estate by foreclosure, etc
>aid interest
>aid premiums
'aid fines
.
accounts
les paid
P'lional
1 from trust companies and na
,:mal banks
•|i and cash items
19, 1927
Liabilities
$1,417,750
36,100
6,590
6,226
135
371
121
144
00
00
00
40
19
45
84
08
Dues capital
Profits capital
.
Matured share
.
.
.
.
.
.
.
.
.
Dividends on paid-up share
cates
$1,531,867 26
* Security
certificates
Paid-up share certificates
Guaranty fund
Surplus
Due on uncompleted loans
Dividends on matured share
cates
62,256 73
2,171 57
.
.
.
$884,953
220,094
240,200
139,000
25,862
7,677
4,150
00
95
00
00
71
34
00
certifi.
6,454 26
certifi-
3,475 00
$1,531,867 26
Committee.
110
P.D.
8,
Part
III.
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in May, November.
3,133
2,002
116
.
....
787
16,007
8,026
Members
Members who
Holders
of:
1,556
— are borrowers
666
Unmatured shares
Matured share certificates
Paid-up share
1,362
197
161
certificates
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
Matured Share
First term,
3%.
Certificates
2}4%; second term,
2%%.
Paid-up Share Certificates
First term, 2^%; second term, 23^%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 4 years old;
from 4 to 7 years old; after 7 years, none.
10% on
series
Rates and Averages on Loans
589 real estate loans (average, $2,407 each; average rate, 6.12%): 6 12 /ioo%, $1,417,750.
77 share loans (average, $469 each; average rate, 6.48%): 6 4S /ioo%, $36,100.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$4,812.00
3.14
$280.00
$76.50
.18
.05
Other
Expenses
$293.91
Total
$5,462.41
3.56
.19
MARBLEHEAD — MARBLEHEAD CO-OPERATIVE BANK
Incorporated
May
5,
1886.
May
Began business
6,
1886
f
Henry C.
John A. Martin, President
Millett, Treasurer f
Board of Directors: E. D. Chapman, H. A. Coffin, G. N. Dennis, W. L. Graves, R. B. Hamson, W. T.
J. L. Litchman, J. A. Martin*, W. G. Martin, Frank Millett*, H. C. Millett, J. D. Paine, E. W.
A. L. Swasey, Richard Tutt.
Regular meeting for receipt of moneys the
first
Thursday
of
....
....
.....
....
....
Loans on real estate
Loans on shares
Bonds and notes
Unpaid interest
Unpaid fines
Insurance and taxes paid
.
Personal accounts
Due from
trust companies and nabanks
Cash and cash items
tional
6,
$554,900 00
10,340 00
13,003 36
1,082 90
126 36
178 47
456 64
43,338 48
28 00
.....
....
Dues
capital
Profits capital
Matured share
Paid-up share
certificates
certificates
Forfeited share account
.
Guaranty fund
.
Surplus
Due on uncompleted loans
Overs and shorts
Dividends on matured share
...
New
series issued in
2C
87
i:ri
OC
to
h
00
1,370 OC
certifi-
350
OC
$623,454
21
Membership
Serial Shares
1,171
Shares in force
Shares now pledged
OC HIl
82 lid
certifi-
$623,454 21
Forfeited during year
Retired during year
Matured during years
14,000
341
8,483
10,075
1,000
19
.....
cates
.
$437,192 00
95,822 32
54,800 0C
....
.
cates
Issued during year
1927
Liabilities
Dividends on paid-up share
Withdrawn during year
111
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Harris, f
Stone*,
814
18
4
261
8,306
3,222
......
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
.
Paid-up share
May, No\ embe r.
.
.
.
94C
.
8(
.
1<
certificates
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share
First term,
2^%;
second term,
Certificates
2Y2 %.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 8 years old;
from 8 to 10 years old; after 10 years, none.
* Security Committee.
10%
on
series
I!
.
D.
8,
111
Part III.
Rates and Averages on Loans
average rate, 6%): 6%, $554,900.
(average, $304 each; average rate, 6%): 6%, $10,340.
?
real estate loans (average, $2,193 each;
\
share loans
Total Expenses for Year
Rent
Advertising
2,637.38
$120.00
$70 20
4.23
.19
.11
Salaries
lount paid for
st per $1,000 of assets
.
Other
Expenses
$379 29
.
.
Total
3,206.87
5.14
.61
MARLBOROUGH — MARLBOROUGH CO-OPERATIVE BANK
ther authorized location for receipt of moneys:
Iucorporated April 16, 1890.
Westborough Drug Company, Westborough)
May
Began business
1,
1890
Claude E. Williams, Treasurer
mner P. Willard, President
E. E. Allen, J. F. Bigelow*, F. E. Brunelle, C. A. Cook*, J. A. Curtiss, W. S. Field, F. B.
Fletcher*, A. M. Forbush, James Golden, A. C. Lamson, F. W. McKenzie, F. W. Pratt, J. E. Warren*,
S. P. Willard, C. E. Williams, T. F. Williams*, S. P. Wood.
ird of Directors:
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
....
....
....
on real estate
ms on shares
ins on matured share
ins
il
estate
by
13, 1927
certificates
foreclosure, etc.
iking house
niture and fixtures
nporary expense account
urance and taxes paid
e from trust companies and naional banks
ih and cash items
$2,538,100
36,700
12,410
10,047
24,970
3,934
4,016
681
00
00
00
44
80
39
24
84
135,841 98
16,451 54
Dues
capital
Profits capital
$1,294,673
237,568
1,056,400
50,400
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
11 71
Guaranty fund
39,379
16,471
72,395
3,795
4
1,878
10,100
7
68
Surplus
Interest
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Security committee
Due on foreclosure sales
$2,783,154 23
Ees in force
t
'
....
-
res
.
now pledged
series issued in
07
20
60
53
75
84
00
00
13
$2,783,154 23
Membership
Serial Shares
ted during year
Jhdrawn during year
feited during year
jpured during year
00
40
00
00
6,568
3,378
158
1,560
26,447
13,926
....
Members
Members who
Holders
— are borrowers
of:
Unmatured shares
Matured share certificates
Paid-up share
2,767
1,002
.
2,365
825
40
.
certificates
May, November.
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
2%%\
First term,
2}4%; second term, 2}i%.
term,
Matured Share
on voluntary withdrawals, 20% on series
the last six months' dividend.
Certificates
second term,
Paid-up Share
>ortion of profits retained
3%.
less
2%%.
Certificates
than 5 years old; after 5 years,
Rates and Averages on Loans
(average, $2,106 each; average rate, 6.17%): 5%, $1,900; 53^%, $104,950;
$1,445,350; 6^%, $985,900.
W share loans (average, $116 each; average rate, 6.30%): 5J^%, $200; 6%, $14,460; 6J£%, $22,040.
I loans on matured share certificates: 6%, $7,150; 63^%, $5,260.
real estate loans
6%,
Total Expenses for Year
Salaries
unt paid for
per $1,000 of assets
.
$3,750.00
1.35
Rent
Advertising
Other
Expenses
$2,400.00
$200.00
$2,530.23
.86
.07
.91
* Security Committee.
Total
$8,880.23
3.19
112
P.D.
Part
III.
(Other authorized locations for receipt of moneys: 25 South Street, Medfieldj E. V. Mitchell
Fac->
8,
MEDFIELD — MEDFIELD CO-OPERATIVE BANK
tory,
Medneld; Thome's Grain Store,
Incorporated December 29, 1905.
Millis)
Began business January
Ellery C. Crocker, President
1906
8,
Laprelette
W.
Wheeler, Treasurer
Board of Directors: W. F. Abell*, J. L. Atherton, R. B. Blood, A. L. Clark, L. K. Conant, E. C. Crocker, H. N.
Cushman, F. E. Day, J. A. Fitts*. M. E. Griffin, Frank Hamm, G. P. Holbrook, M. B. La Croix, L. E.
Mayo, J. W. Payson, E. F. Richardson, H. H. Thorne*. L. W. Wheeler.
Monday
Regular meeting for receipt of moneys the second
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Banking house
Temporary expense account
Bank building expense
Due from trust companies and na
.
banks
Cash and cash items
,845
19,135
1,185
5,000
1,076
160
00
00
00
00
27
71
Dues capital
Profits capital
00
01
00
00
00
13,486 97
8,251 741
14,837 351
492 48
3 75
3,413 43
Matured share
Paid-up share
certificates
certificates
Matured share account
Guaranty fund
Interest
Fines
Transfer fees
Due on uncompleted
loans
Security committee
267
$1,042,986 73
Membership
Issued during year
3,132
1,785
Withdrawn during year
Matured during year
475
10,803
5,702
Shares in force
Shares now pledged
series issued in
OOJ
$1,042,986 73
Serial Shares
New
1927
$466,616
84,618
346,200
56,800
48,000
.
Surplus
13,815 03
12,769 72
tional
10,
Liabilities
Members
Members who
Holders
of
:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
January, July.
.
1,034
374
.
87?
306
certificates
I
54
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
2%%;
term,
Matured Share
3%.
Certificates
second term,
2%%.
Paid-up Share Certificates
First term, 2%%; second term, 23^%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
317 real estate loans (average, $3,123 each; average rate, 6%): 6%, $989,845.
52 share loans (average, $368 each; average rate, 6%): 6%, $19,135.
5 loans on matured share certificates: 6%, $1,185.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
Other
Expenses
Salaries
Rent
Advertising
$2,100.00
2.01
$766.40
$20 00
(.27
$,594.6
.73
.02
.68
3.4
.
Total
MEDFORD — HILLSIDE CO-OPERATIVE BANK
it
(Other authorized locations for receipt of moneys: 39 Boylston Street, Boston; Old Colony Tru
Co., 17 Court Street, Boston)
Incorporated January 26, 1906.
Began business February
6,
1906
Fred W. Sleeper, Treasun
Samuel L. Conner, President
Donald N.
Sleeper, Assistant Treasurer
of Directors: W. H. Atkins, G. G. Brayley*, F. A. Bruce*, P. C Chandler, C. A. E. Clark, S. L. Connei
G. I. Crowe, J. T. Dennison*, C. W. Enright, J. Fisher, F. B. Gilman, A. C. Green, H. S. Johnson, A. I
Kearin, E. B. Munro, W. E. Ober, A. D. Perry, G. C. Rockwood, D. N. Sleeper, F. W. Sleeper, C.
Winslow.
Board
.
Regular meeting for receipt of moneys the
first
* Security Committee.
Tuesday
of each
month.
D
113
.D. 8, Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
1927
4,
Liabilities
Assets
joans on real estate
joans on shares
joans on matured share certificates
)ue from trust companies and na
tional banks
"ash and cash items
$901,627 00
16,565 00
1,165 00
28,214 35
1,591 26
Dues
.
Matured share
Guaranty fund
certificates
19
5,759 66
Surplus
Due on uncompleted
loans
75 00
Security committee
Dividends on matured share
cates
certifi-
4,518 25
.
$949,162 61
$949,162 61
Membership
Serial Shares
4,093
2,538
ssued during year
Withdrawn during year
Matured during year
.
435
Shares in force
lhares now pledged
Jew series issued in February,
00
04
00
47
$489,054
100,131
328,600
13,804
7,220
capital
Profits capital
11,603
5,326
....
Members
Members who
Holders
of:
— are borrowers
1,019
260
.
Unmatured shares
Matured share certificates
.
890
265
.
May, August, No-
vember.
Profits Distributed
Unmatured Shares and Matured Share
First term, 1
1^%;
A%;
Z
second term,
1%%.
fourth term,
Certificates
1%%;
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
5%, $2,000; 53^%, $12,050; 6%, $199,750;
(average,
,253 each; average rate, 6.37%)
6^%, $687,827.
average rate, 6.43%): 6%,
each;
45 share loans (average, $368
3 loans on matured share certificates: 63^%, $1,165.
"12 real estate loans
:
2,225;
§y2 %,
$14,340.
Total Expenses for Year
Rent
Salaries
imount paid
for
3ost per $1,000 of assets
.
L.518.36
$636.00
4.76
.67
Other
Expenses
$344.24
Advertising
'.87
.31
Total
5,796.47
6.10
.36
MEDFORD — MEDFORD CO-OPERATIVE BANK
Other authorized locations for receipt of moneys: 501 High Street, West Medford; 2 Dexter Street,
South Medford; 257 Spring Street, East Medford; American Trust Company, 50 State
Street, Boston)
Incorporated June 21, 1886.
jewis
Began business July
7,
1886
H. Lovering, President
Elisha G. Pierce, Treasurer
W. N. Curtis, W. F. Cushing*, F. G. Grady, W. P. Hart*, C. H. Loomis,
F. W. Lovering*, L. H. Lovering*, D. G. Melville, J. J. Mulkerin, E. G. Pierce, A. E. Ritchie, L. H. Robbins*, J. W. Rockwell, E. H. Savage, C. S. Taylor, A. W. Teel, H. P. Van De Bogert.
oard of Directors: G. H. Archibald,
Regular meeting for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
(
;
oans on real estate
on shares
on matured share certificates
fjoans on paid-up share certificates
tanking house
Insurance and taxes paid
/oans
joans
j'ersonal
accounts
.
Revenue stamps
|.)ue
from banks
hash and cash items
5,
1927
Liabilities
$4,753,650
83,510
18,480
1,600
3,000
00
00
00
00
00
478 31
36 71
11 76
143,067 56
30,183 67
Dues
capital
Profits capital
$2,264,711
465,041
1,640,600
380,200
15
3,012
94,687
108,703
49,597
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
loans
Suspense
Dividends on matured share
certifi-
22,219 10
cates
Dividends on paid-up share
cates
$5,034,018 01
* Security Committee.
19
00
00
00
45
71
28
45
500 00
Surplus
Due on uncompleted
00
certifi-
4.730 83
$5,034,018 01
—
P.D.
114
....
....
....
Issued during year
.
Shares in force
Shares now pledged
New
series issued in
.
.
Part III.
Membership
Serial Shares
Withdrawn during year
Matured during year
8,
Members
Members who
11.135
6,981
1,743
48,893
26,374
.
are borrowers
4,383
1,554
Unmatured shares
Matured share certificates
3,539
1,162
Holders
February, May, August, No-
of
:
Paid-up share
264
certificates
vember.
Profits Distributed
First term,
IH%\
Unmatured Shares
second term, 1J^%; third term,
1K%;
fourth term,
iy2 %.
Matured Share
First term,
\%%;
Certificates
second term,
lVs%; fourth term,
1%%.
1%%;
third term,
Paid-up Share Certificates
134%; second term, 1)4%; third term,
fourth term,
First term,
1M%:
1H%
Proportion of profits retained on voluntary withdrawals, 15%.
Rates and Averages on Loans
1,334 real estate loans (average, $3,563 each; average rate, 6.41%): 5%, $2,900; 5J^%, $206,100; 6%, $432,600;
6J^%, $4,112,050.
452 share loans (average, $185 each; average rate, 6.49%): 5J/£%, $430; 6%, $300; 6J^%, $82,780.
S3 loans on matured share certificates : 6%, $1,800; 6J^%, $16,680.
2 loans on paid-up share certificates: 63^%, $1,600.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
$16,528.02
3.28
.
Rent
Advertising
$1,056 63
21
$1,561 99
.31
Other
Expenses
$2,729.11
.54
Total
$21,875 75
4 34
MEDFORD — WEST MEDFORD CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: American Trust Company, Boston; J.Frank
Cahalan, Central Block, Medford Square, Medford)
Incorporated
Albert
W. Hathaway,
May
9,
1924.
Began business June
10,
1924
Arthur W. Byam, Treasurer
President
Board of Directors: F. W. Abbott, J. B. Adams*, E. R. Brackett, A. W. Byam, J. F. Cahalan, L. M. Child,
W. F. Colby, T. D. Collins*, M. G. P. Cressy, J. R. Gaffey, A. D. Hall*, A. W. Hathaway, F. W. Holmes,
W. F. Hosmer, W. H. Marden, D. H. Mulcahey*. W. G. Perry, A. C. Peters, W. F. Pinkham, W. J. Reilly,
Henry Risman, L. O. White, W. F. Wiltshire*.
Regular meeting for receipt of moneys the second Wednesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
Loans on real estate
Loans on shares
Furniture and fixtures
Temporary expense account
Due from trust companies and national banks
.
.
.
13, 1927
.
.
$264,500 00
10,321 00
102 17
340 09
Dues capital
Profits capital
.
Paid-up share
certificates
Forfeited share account
1,251
1,188
2,597
2,670
Guaranty fund
9,332 89
Surplus
25
Withdrawal
profits
Bills payable for money
Security committee
$284,596 15
* Security Committee.
16
28
14
15
66 18
Interest
Fines
Transfer fees
Due on uncompleted
$212,311 00
16,338 11
19,600 00
43 88
borrowed
loans
25,000 00
3,375 00
155 00
$284,596 15
P.D.
8,
115
Part III.
Membership
Serial Shares
2,000
Issued during year
Withdrawn during year
850
.
106
Forfeited during year
7,906
Shares in force
2,069
Shares now pledged
New series issued in March, June, September, De-
......
—
Members
Members who
Holders
of
:
are borrowers
Unmatured
....
shares
Paid-up share
cember.
705
88
.
691
21
certificates
Profits Distributed
Unmatured Shares
First term, \
1%%;
A%;
3
second term,
fourth term,
Paid-up Share
fourth term,
third term,
Certificates
x
second term,
First term, \ /i%\
1M%;
A%\
\ %
1%%.
134%;
third term,
Other
Expenses
$556.56
1.95
$1,238 21
4 34
1H%-
Proportion of profits retained on voluntary withdrawals, J^ of 1%.
52
Rates and Averages on Loans
average rate, 6.50%): 63^%, $264,500.
real estate loans (average, $5,087 each;
51 share loans (average, $202 each; average rate, 6.50%):
6K%.
$10,321.
Total Expenses for Year
Amount paid
for .
Cost per $1,000 of assets
Salaries
Rent
Advertising
$404 00
1 42
$150 .71
$126 .94
.53
.44
Total
MEDWAY — MEDWAY CO-OPERATIVE BANK
[Other authorized locations for receipt of moneys: Belli ogham
Herman Shoe
Incorporated September
iVilliam
W.
7,
Woolen
Began business October
1915.
North Bellingham;
Co.,
Co., Millis)
5,
1915
M. Malloy, Treasurer
W. H. Holbrook, R. W. Hunter*, D. M. Malloy»
W. Ollendorff*, J. H. Reardon, E. F. Richardson.
Daniel
Ollendorff, President
loard of Directors: J. A. Cole*, J. F. Collins, P. B. Hart*,
T. F. Malloy*, F. J. O'Donnell, R. M. O'Donnell, W.
A. L. Saunders, C. A. Smith, J. J. Sullivan.
Regular meeting for receipt of moneys the
first
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificatess
on paid-up share certificates
^emporary expense account
)ue from trust companies and na
tional banks
kash and cash items
joans
jOans
joans
joans
|
4,
1927
Liabilities
$455,520 00
4,970 00
1,800 00
100 00
147 68
Dues capital
Profits capital
,741 00
.
59,171
76,400
19,000
2,447
6,037
10,878
2,611
31
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
402 68
16,603 21
10
49
48
67
75
1 63
3,200 00
22 00
Surplus
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
Security committee
$479,543 57
$479,543 57
Membership
Serial Shares
ssued during year
Withdrawn during year
orfeited during year
Iatured during year
hares in force
hares now pledged
few series issued in April, October.
57
00
00
88
1,701
985
80
533
Members
Members who
Holders
of:
— are borrowers
.
.
Paid-up share
.
...
Unmatured shares
Matured share certificates
6,509
2,558
.
certificates
.
.
.
.
.
.
668
205
631
64
17
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
Matured Share
Second term,
roportion of profits retained on voluntary withdrawals,
20% on
none.
* Security Committee.
Certificates
2%%.
Paid-up Share
First term,
3%.
Certificates
2J^%; second term, 2Ji%.
series less
than 5 years old; after 5 years,
P.D.
116
8,
Part
III.
Rates and Averages on Loans
180 real estate loans (average, $2,531 each; average rate, 6.95%): 6%, $22,200; 7%, $433,320.
28 share loans (average, $178 each; average rate, 6.96%): 6%, $200; 7%, $4,770.
1 loan on matured share certificates: 7%, $1,800.
1 loan on paid-up share certificates : 7%, $100.
Total Expenses for Year
Rent
Advertising
$298 24
$49 00
.62
.10
Salaries
Amount
paid for
Cost per $1,000 of assets
$1,035.00
2.16
.
.
Other
Expenses
$754 50
1.58
.
Total
2,136.74
.
4.46
MELROSE — MELROSE CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Factories No. 1 and No.
Company at Maiden and Melrose)
Incorporated April
4,
1890.
Began business April
20,
Charles H. Adams, President
2,
Boston Rubber Shoe
1890
James Arthur Fulton, Treasurer
H. Adams, C. L. Allen, A. L. Carr, H. E. Child, Sanford Crandon, J. C. Crolly, W. A.
H. Duffill, Robert Friend, J. A. Fulton, W. R. Lovett, C. G. Schaedel*. F. A. Stevens, F. R.
Upham*, H. P. Waterhouse, W. E. Waterhouse.
Board
of Directors: C.
Dole*,
J.
Regular meeting for receipt of moneys the Saturday following the
first
Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
1927
8,
Liabilities
Loans
Loans
Loans
Loans
on real estate
on shares
on matured share certificates
on paid-up share certificates
Furniture and fixtures
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
.
$1,993,825 00
33,373 00
5,380 00
2,435 (JO
500 00
623 55
Dues
capital
Profits capital
$1,153,894
226,706
447,800
197,400
112
31,416
16,368
6,646
.
Matured share
certificates
certificates
Paid-up share
Forfeited share account
.
Guaranty fund
Surplus
53,327 70
81 G5
Interest
245
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
Security committee
Personal accounts
175
8,653
29
97
.
$2,089,545 90
$2,089,545 90
Membership
Serial Shares
Issued during year
Withdrawn during year
6,125
3,909
5
.
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New
695
25,695
11,535
series issued in January, April, July, October.
.
.
.
00
27
00
00
00
63
79
42
62
75
98
00
00
44
.....
Members
Members who
Holders of
:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
2,562
618
.
2,126
388
184
.
certificates
Profits Distributed
Unmatured Shares
First term, l 7/f6 %; second term,
7
l /f6
%;
fourth term,
V/& %;
third term,
1^%.
Matured Share
Certificates
First term, l 5/f6 %; second term, l 5/f6 %; third term,
1%%;
fourth term,
1^%.
Paid-up Share Certificates
First term, \\i%; second term, \\i%\ third term,
1M%;
fourth term,
1M%-
Proportion of profits retained on voluntary withdrawals, 25% on series less than 2 years old;
from 2 to 5 years old; after 5 years, none.
10% on
Rates and Averages on Loans
597 real estate loans (average, $3,340 each; average rate, 5.98%): 53^%, $47,200; 6%, $1,946,625.
156 share loans (average, $214 each; average rate, 6%): 6%, $33,373.
8 loans on matured share certificates : 6%, $5,380.
5 loans on paid-up share certificates: 6%, $2,435.
* Security Committee.
series
P.D.
8,
117
Part III.
Total Expenses for Year
Rent
Salaries
Amount
$4,778.25
2.28
paid for
Cost per $1,000 of assets
.
Advertising
$309 75
$1,011 .64
.48
14
Other
Expenses
Total
$2,173.03
1.03
$8,272 67
3 93
MERRIMAC — ECONOMY CO-OPERATIVE BANK
Began business August
Incorporated July 26, 1889.
Fred
S.
12,
Clifton B. Heath, Treasurer
Hardwick, President
Board of Directors: G.
W.
Davis, H.
G.
1889
M. Emery*,
S. Preble,
A.
W.
F. S. Hardwick, C. B. Heath, Zenas Lovell, C.
Sawyer*,
I.
A. Williams, T.
Regular meeting for receipt of moneys the second
W.
Monday
of
$172,875
16,375
628
33
91
317
....
.
Temporary expense account
tional
trust companies
10,
1927
Liabilities
Loans on real estate
Loans on shares
Unpaid interest
Unpaid premiums
Unpaid fines
Due from
Morrell*,
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
W.
Wright.
capital
Profits capital
Guaranty fund
Surplus
14
71
Interest
Premiums
and na-
Fines
.
Withdrawal
4,287 74
banks
....
Dues
00
00
75
35
profits
$194,608 69
$151,27800
35,287 84
3,613 93
1,091 89
2,944 93
151 90
96 06
144 14
$194,608 69
Membership
Serial Shares
.....
Members
Members who
204
196
35
Issued during year
Withdrawn during year
Retired during year
Matured during year
Shares in force
Shares now pledged
New series issued in February, August.
Holders
of:
— are borrowers
.
Unmatured shares
5
2,444
1,286
301
149
301
Profits Distributed
Unmatured Shares
First term,
3M%5
second term, 2 95 /ioo%.
Proportion of profits retained on voluntary withdrawals, 10%.
Rates and Averages on Loans
ISO real estate loans (average, $1,330 each; average rate, 6.3%): 6 3 /io%, $172,875.
46 share loans (average, $364 each; average rate, 6.3%): 6 3 /io%, $16,375.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
$150.00
Other
Expenses
$106.90
,206.90
.77
.55
6.20
Salaries
Rent
$950.00
4.88
Advertising
Total
METHUEN — METHUEN CO-OPERATIVE BANK
Incorporated April
4,
1923.
Began business April
13,
1923
Raymond
Frank A. Gordon, President
B. Kinney, Treasurer
Board of Directors: H. E. Brown, H. A. Cregg, Thomas Dow*, J. D. Emerson, A. H. Gammons, A. C. Gaunt,
B. B. Gordon, F. A. Gordon, B. E. Hill*, R. B. Kinney, J. H. Lord, C. I. Lyons, A. J. Richardson, E. E.
Richardson*, C. A. Stevens.
Regular meeting for receipt of moneys the
last
Saturday of each month.
* Security Committee.
118
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
III.
29, 1927
Liabilities
....
....
....
Loans on real estate
Loans on shares
Unpaid interest
Temporary expense account
Due from trust companies and national banks
$114,950
9,365
647
56
Dues capital
Profits capital
00
00
30
01
$109,588 00
13,435 54
2,000 00
417 62
1,070 99
2,697 14
743 34
11 42
152 23
914 83
3 00
.
Paid-up share
certificates
...
....
Forfeited share account
.
Guaranty fund
6,015 80
Surplus
....
.....
Interest
Fines
Withdrawal profits
Due on uncompleted loans
Security committee
$131,034 11
$131,034 11
Membership
Serial Shares
....
.....
Members
Members who
295
Issued during year
.
.
Withdrawn during year
428
Shares in force
2,588
710
Shares now pledged
New series issued in January, April, July, October.
.
.
Part
.
.
.
.
.
Holders of
:
—
Unmatured
.
225
63
•
are borrowers
.
227
shares
Paid-up share
certificates
1
Profits Distributed
First term,
1H%;
Unmatured Shares
\Y%%\ second term, 1%%\
Paid-up Share
First term,
1M%;
third term,
1%%.
fourth term,
Certificates
1J4%; second term, 134%;
third term,
1%%.
fourth term,
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages on Loans
41 real estate loans (average, $2,804 each; average rate, 6.50%): 6J^%, $114,950.
24 share loans (average, $390 each; average rate, 6.50%): 6^%, $9,365
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$199.00
1.52
$57.01
$9.00
.43
.07
Advertising
Other
Expenses
$90.38
.69
Total
$355.39
2.71
MIDDLEBOROUGH — MIDDLEBOROUGH CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: C. N. Atwood, Atwood's Mills, Rock; office
of Edwin L. Ballard, Hyannis; W. I. Fuller, Main Street, Osterville; residence of G. W. Jones,
Falmouth; National Rockland Bank, Boston)
Incorporated
May
1,
1889.
May
Began business
21, 1889
Alvin C. Howes, President
Walter L. Beals, Treasurer
Irene B.
Dunham,
Assistant Treasurer
Board of Directors: C. N. Atwood*, L. O. Atwood, W. L. Beals,
Howes*, J. H. Kennedy, L. B. Mendall, H. W. Sears*, H.
A. A. Thomas, Lorenzo Wood*.
S. L. Brett, G. N. Dupont, I. R. Hardy, A. C.
Sears, Jr., D. D. Sullivan*, J. V. Sullivan,
W.
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
„
Assets
Loans on real estate
Loans on shares
Loans on matured share
certificates
Real estate by foreclosure, etc.
Banking house
Insurance and taxes paid
Personal accounts
Overs and shorts
Due from trust companies and na
tional banks
.
.
Cash and cash items
18, 1927
Liabilities
00
00
00
26
,141,650
19,460
4,820
2,594
7,428 10
179 15
10 29
5 00
Dues
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
Due on uncompleted
110,853 08
580 56
$909,881
174,602
982,200
116,600
24
12,099
32,009
13,662
32,646
50
capital
Profits capital
loans
Security committee
Dividends on matured share
cates
$2,287,580 44
* Security Committee.
72
17
53
00
certifi-
12,347 16
cates
Dividends on paid-up share
00
96
00
00
00
40
certifi-
1,457 50
$2,287,580 44
P.D.
Part
8,
119
III.
Membership
Serial Shares
5,120
2,529
Issued during year
Withdrawn during year
.
Forfeited during year
21
Matured during year
Shares in force
Shares now pledged
1,245
19,896
11,226
New
series issued in
vember
Members
Members who
Holders
of:
2,158
— are borrowers
918
....
Unmatured shares
Matured share certificates
Paid-up share
certificates
February, May, August, No-
.
.
.
1,713
...
.
.
723
79
.
Profits Distributed
.
Unmatured Shares and Matured Share Certificates
%
third term,
\Ys%; second term, \ /%%\
First term,
iy8 %;
1%%.
fourth term,
Paid-up Share Certificates
First term, 1J4%; second term, 1M%; third term,
1H%;
1%%.
fourth term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
876 real estate loans (average, $2,448 each; average rate, 6%): 5J^%, $15,850; 6%, $2,125,800.
49 share loans (average, $397 each; average rate, 5.99%): 5^%, $200; 6%, $19,260.
14 loans on matured share certificates: 6%, $4,820.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
MILFORD
Salaries
Rent
$6,963.55
$719.99
3.04
.32
— MILFORD
Incorporated
March
31, 1887.
$385.10
Other
Expenses
$1,588.92
9,657.56
.17
.69
4.22
Advertising
Total
CO-OPERATIVE BANK
Began business April
1,
1S87
Walter F. Mann, Treasurer
Lucius E. Heath, President
Minnie
S.
Walker, Assistant Treasurer
Board of Directors: C. F. Austin, H. S. Chadbourne*, C. E. Cooney, G. C. Eastman*, L. E. Heath*, P. J.
Lawless, L. B. Libbey, R. Mainini, W. F. Mann, W. S. Marden, J. A. Wallace, Arthur Webb, T. J. Welch*,
F. A. Whipple.
Regular meeting for receipt of moneys the
first
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid fines
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
....
,804,200 00
39,530 00
1,540 00
580 00
314 46
539 61
Dues capital
Profits capital
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
Interest
31,582 92
1,663 86
Withdrawal profits
Due on uncompleted loans
Due on foreclosure sale
.
00
27
00
00
96
73
00
31
00
58
$1,879,950 85
Membership
Serial Shares
Issued during year
1927
$1,040,652
209,606
364,800
185,800
43,376
22,891
4,137
63
8,620
3
.
$1,879,950 85
3,983
2,133
1,220
Shares in force
20,683
Shares now pledged
10,422
New series issued in January, April, July, October.
Withdrawn during year
Matured during year
3,
Liabilities
Members
Members who
2,314
— are borrowers
....
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
Holders
of:
certificates
832
2,202
312
158
Profits Distributed
Unmatured Shares
First term,
1%%;
1%%;
second term,
fourth term,
1%%.
1%%;
Matured and Paid-up Share
Certificates
First term,
1J4%; second term, 134%;
1M%;
1M%-
-
fourth term,
Proportion of profits retained on voluntary withdrawals,
* Security Committee.
50%
third term,
of the last dividend.
third term,
120
P.D.
8,
Part III.
Rates and Averages on Loans
714 real
estate loans
(average, $2,527 each;
5%%,
average rate, 5.91%):
$1,572,850.
194 share loans (average, $204 each; average rate,
4 loans on matured share certificates: 6%, $1,540.
2 loans on paid-up share certificates: 6%, $580.
5M%.
6%):
6%,
$150;
5K%,
$197,900;
$33,450;
6%,
$39,380.
Total Expenses for Year
$523.58
$119.40
Other
Expenses
$1,223.96
.28
.06
.65
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$7,008.00
3.73
.
Advertising
Total
3,874.94
4.72
MILLBURY — MILLBURY CO-OPERATIVE BANK
Incorporated January 30, 1926.
Warren B.
Began business February
10,
1926
Ralph W. Brigham, Treasurer
Harris, President
W. W. Brierly, R. W. Brigham, D. J. Dempsey*, T. A. Dowd, G. K. Fisher, W. F. Germaine, W. B. Harris, C. F. Holman*, F. W. Hooper, C. E. Home, E. F. Hull, E. A. Landry, H. J. Lavallee, C. T. Lund, Alcide Mayotte, J. J. Mulhane, B. O. Paine, H. B. Proctor, E. F. Rice, M. J. Roach,
W. A. Roberts, C. L. Undergraves, C. E. Watson, J. H. Welsh, A. D. Windle, E. W. Witter*.
Board of Directors:
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
Loans on real estate
Due from trust companies and national banks
....
.
13, 1927
.
.
Dues
$111,700 00
capital
Profits capital
489 30
Paid-up share
$88,583
3,303
9,000
228
213
370
.
certificates
Forfeited share account
Guaranty fund
Surplus
Interest
1,312 13
41 04
25
25 52
4,500 00
4,500 00
112 00
profits
payable for money borrowed
Due on uncompleted loans
Bills
Other
liabilities
$112,189 30
$112,189 30
Membership
Serial Shares
Issued during year
59
00
20
35
22
Fines
Transfer fees
Withdrawal
Withdrawn during year
00
2,550
892
80
Forfeited during year
Shares in force
5,809
Shares now pledged
570
New series issued in March, June, September, De-
Members
Members who
Holders
of:
—
529
33
are borrowers
Unmatured shares
Paid-up share
cember.
529
5
certificates
Profits Distributed
Unmatured Shares
First term,
1K%;
114%; second term,
1^%.
fourth term,
Paid-up Share
Third term,
1M%;
Proportion of profits retained on voluntary withdrawals,
38 real
estate loans (average,
third term,
Certificates
fourth term,
50%
1K%;
1M%-
of last dividend.
Rates and Averages on Loans
6H%): 63^%, $111,700.
$3,385 each; average rate,
Total Expenses for Year
Salaries
A mount paid for
Cost per $1,000 of assets
.
$77.00
.69
Rent
-
* Security Committee.
$7.00
Other
Expenses
$113.41
Total
$197.41
.06
1.01
1.76
Advertising
—
P.D.
8,
121
Part III.
MILTON — MILTON CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 227 Copeland Street, West Quincy)
Incorporated July
John
J.
9,
Began business September
1919.
17,
Gallagher, President
1919
Clifford
H.
Coffin, Treasurer
of Directors: Arthur Allen, Josiah Babcock, Jr., P. J. Bannin, G. A. Berry, Johanna Berry, Stephen
Bianchi, J. J. Casey, C. H. Coffin, Helen Crowley, J. H. Duffy, Philip Eagan, J. J. Gallagher*, A. W. Ham,
D. A. Heffernan*, R. C. Kelley, J. F. Kerrigan, E. P. Ledwith, N. A. McDonald, James McLeod, W. P.
Melley, W. S. Miles, J. F. Mitchell, E. J. Morgan*, J. E. O'Connell, Fred Preston, E. C. Soulis, J. R.
Travers, C. B. White.
Board
Regular meeting for receipt of moneys the fourth
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Furniture and fixtures
Temporary expense account
Due from trust companies and
tional banks
Cash and cash items
24, 1927
Liabilities
Dues
$344,700 00
18,140 00
150 00
400 91
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
13,321 41
4,823 99
Interest
81
65
500
36
Withdrawal profits
Due on uncompleted loans
Security committee
$381,536 31
$381,536 31
Membership
Serial Shares
Issued during year
....
....
....
.....
....
40
00
47
20
04
34
56
30
00
00
2,979
1,606
3,407
Fines
Withdrawn during year
00
$287,204
46,948
38,600
108
capital
Profits capital
Members
Members who
1,901
824
Forfeited during year
10
Shares in force
6,907
Shares now pledged
2,367
New series issued in March, June, September, De-
Holders
562
are borrowers
131
of:
Unmatured shares
Paid-up share
cember.
546
26
certificates
Profits Distributed
Unmatured Shares
First term, 1
1H%;
%%
;
second term,
fourth term,
Paid-up Share
First term,
1M%;
1
1%%.
%%
;
Certificates
1M%"> second term, 1}£%;
fourth term,
third term,
third term,
1H%.
Proportion of profits retained on voluntary withdrawals, on series less than 4 years old, the last quarterly
dividend; on series from 4 to 8 years old, %, and after 8 years, 3^ of last quarterly dividend.
.
Rates and Averages on Loans
83 real estate loans (average, $4,153 each; average rate, 6%): 6%, $344,700.
45 share loans (average, $403 each; average rate, 6%): 6%, $18,140.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$775.00
2.03
Rent
Advertising
$306.61
$131.01
.80
.34
Other
Expenses
$524.51
1.38
Total
L.737.13
4.55
NATICK — HENRY WILSON CO-OPERATIVE BANK
Incorporated October 23, 1886.
Began busmess November
George F. Whitney, President
12,
1886
Harvey H. Whitney, Treasurer
Board of Directors: A. P. Balcom, Peter Cashion, Richard Foley, J. S. M. Glidden*, W. A. Laughton, M. E.
McGrath, L. E. Pulsifer, D. W. Richardson, E. W. Rogers, G. F. Whitney*, H. H. Whitney*, N. P. Young.
Regular meeting for receipt of moneys the second Friday of each month.
* Security Committee.
122
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on snares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
Loans
Loans
Loans
Loans
Part
14, 1927
25,550 00
3,700 00
350 00
23,350 00
33,167 94
54 50
.
....
....
....
Dues capital .
Profits capital
,882,350 00
Other assets
Due from trust companies and national banks
.
Matured share
Paid-up
'
.
certificates
share certificates
Guaranty fund
Surplus
Bills payable for
.
.
.
.
.
.
money borrowed
Due on uncompleted loans
Overs and shorts
Dividends on matured share
40,719 31
.
.
$1,205,125
269,508
1,299,000
112,600
40,439
20,823
20,000
20,837
15
.
.
.
.
.
11
00
00
27
56
00
71
60
19,485 00
certifi-
1,407 50
cates
$3,009,241 75
$3,009,241 75
Membership
Serial Shares
Issued during year
Members
Members who
9,161
3,879
1,092
27,063
15,366
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
series issued in
00
certifi-
cates
Dividends on paid-up share
New
III.
Liabilities
,
.
8,
Holders of
:
2,687
— are borrowers
Unmatured shares
Matured share certificates
February, May, August, No-
823
....
.
Paid-up share
.
.
2,042
...
.
certificates
vember.
711
87
.
.
Profits Distributed
Unmatured Shares and Matured Share
First term,
1J^%; second term,
IV2%; fourth term,
\
A%.
1K%;
Certificates
third term,
X
Paid-up Share Certificates
second term, 1M%; third term,
A%\
First term, \ X
1M%;
1%%.
fourth term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
742 real
estate loans
(average, $3,885 each;
average rate, 6.49%):
$1,050.
70 share loans (average, $365 each; average rate, 6.49%):
10 loans on matured share certificates: 6J/£%, $3,700.
1 loan on paid-up share certificates: 6ji%, $350.
6%,
6%,
$27,000;
6^%,
$500;
6H%,
$2,854,300;
7%,
$24,950;
7%,
$100.
Total Expenses for Year
$5,419 00
$428.00
$191 .15
Other
Expenses
$845.34
80
.14
.06
.28
Salaries
Amount
paid for
Cost per $1,000 of assets
.
1
Rent
Advertising
Total
$6,883.49
2.28
NEEDHAM — NEEDHAM CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: American Trust Company, Boston)
Incorporated April 21, 1892.
May
Began business
9,
William G. Moseley, Treasurer
Walter F. Snow, President
W.
Board of Directors:
1892
F. Alden*,
J.
F. Buckley*, G. W. Holt*, C. M. Locke*, W. C.
F. Snow, F. J. Stanwood, S. H. Wragg*.
Mason, E. W. Smith,
W.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
on
on
on
on
5,526,775 00
real estate
shares
matured share
certificates
paid-up share certificates
Common form mortgages
Banking house
Personal accounts
Other assets
Due from trust companies and na.
.
tional
banks
Cash and cash items
13, 1927
Liabilities
00
00
00
00
00
1,795 43
98,585
6,415
200
4,100
22,000
11 15
Dues capital
Profits capital
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
.
Guaranty fund
Surplus
Due on uncompleted
loans
^3,047,678 00
726,172 72
1,626,000 00
203,400 00
454 50
91,914 55
67,247 58
42,736 05
141,412 92
4,308 90
$5,805,603 40
* Security Committee.
$5,805,603 40
•
\D.
8,
123
Part III.
Membership
Serial Shares
ssued during year
/"ithdrawn during year
19,111
9,829
4,633
62,688
31,903
latured during year
tares in force
hares
ew
now pledged
series issued in
May, November
Members
Members who
Holders
5,333
1,444
— are borrowers
of:
Unmatured shares
Matured share certificates
Paid-up share
4,306
1,175
132
certificates
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
2%%;
term,
Matured Share
3%.
Certificates
second term, 2,%%.
Paid-up Share
Certificates
First term, 2 3^%; second term,
2}i%.
roportion of profits retained on voluntary withdrawals, on series less than 7 years old;
after 7 years, none.
the last dividend;
Rates and Averages on Loans
$3,570 each; average rate, 6.3%): 6 3 /io%, $5,526,775.
280 share loans (average, $352 each; average rate, 6.3%): 6 3 /io%, $98,585.
17 loans on matured share certificates: 6 3 /io%, $6,415.
1 loan on paid-up share certificates: 6 3 /io%, $200.
5J+8 real estate loans (average,
Total Expenses for Year
Salaries
mount paid
$10,840.67
1.87
for
ost per $1,000 of assets
.
Rent
$427.58
Other
Expenses
$4,298.66
.07
.74
Advertising
$2,056.60
.
.35
Total
$17,623.51
3.03
NEW BEDFORD — ACUSHNET CO-OPERATIVE BANK
Incorporated November 15, 1889.
Began business November
16,
1889
William F. Desmond, Treasurer
rederic Taber, President
of Directors: L. B. Bates*, S. J. Besse, W. F. Desmond,
E. E. F. Potter, C. R. Price*, Frederic Taber, F. H. Taber,
E. H. Wefer*, S. F. Winsper.
mrd
W.
J.
B. Gardner, John Gibson*, E. F. Nicholson,
O. Thompson, Jr., B. A. Tripp, H. W. Tripp*,
Regular meeting for receipt of moneys the fourth Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
ans on real estate
ans on shares
al estate
5,396,700 00
rJonal
54,600 00
3,735 36
5,994 32
by
foreclosure, etc.
Lpaid interest
ipaid fines
te from trust companies and
....
banks
22, 1927
Liabilities
556 92
na
119,946 09
.
Dues capital
Profits capital
.
.
.
Paid-up
.
certificates
share certificates
Forfeited share account
.
Guaranty fund
.
.
Surplus
.
.
.
Interest
.
93
.
loans
Dividends on matured share
cates
Dividends on paid-up share
cates
.
.
419
800
.
certifi.
7,513 03
.
certifi-
2,390 00
.
$2,581,532 69
$2,581,532 69
Membership
Serial Shares
during year
ithdrawn during year
feited during year
;/tured during year
iued
kres in force
fibres
Ijiv
now
pledged
series issued in
....
....
....
....
....
February, May,
11
00
00
22
23
72
38
00
45,529
39,819
Due on uncompleted
.
00
$1,444,590
291,778
557,400
191,200
.
Matured share
6,185
4,643
149
774
30,030
14,335
August, No-
....
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders of
:
Paid-up share
ember.
2,612
854
2,247
415
134
certificates
Profits Distributed
Unmatured Shares and Matured Share
First term,
iy8 %;
1%%;
Certificates
second term, \Y%%\ third term,
fourth term,
iy8 %.
Paid-up Share
Certificates
x
First term, \}/i%; second term, \ /i%\
third term,
1M%;
fourth term,
Proportion of profits retained on voluntary withdrawals,
* Security Committee.
50%
1*4%
of last 6
months' dividend.
.
1
124
P.D.
8,
Part
III.
Rates and Averages on Loans
6%): 6%, $2,396,700.
6%, $54,600.
Total Expenses for Year
721 real estate loans (average, $3,324 each; average rate,
185 share loans (average, $404 each; average rate, 6%):
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
^6,944.76
$1,200.00
$213.01
Other
Expenses
$1,962.08
2.69
.47
.08
.76
Advertising
Total
$10,319.85
4.00
NEW BEDFORD — NEW BEDFORD CO-OPERATIVE BANK
Incorporated July
Began business August
11, 1881.
1881
19,
Lot B. Bates, President
William F. Desmond, Treasurer
of Directors: L. B. Bates*, S. J. Besse, W. F. Desmond, W. B. Gardner, John Gibson*, E. F. Nicholson,
E. E. F. Potter, C. R. Price*, Frederic Taber, F. H. Taber, J. O. Thompson, Jr., B. A. Tripp, H. W.
Tripp*, E. H. Wefer*. S. F. Winsper.
Board
Regular meeting for receipt of moneys the third Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
21, 1927
Liabilities
Loans on real estate
Loans on shares
Real estate by foreclosure, etc.
Banking house
Unpaid interest
Unpaid fines
Insurance and taxes paid
Due from trust companies and national banks
....
....
,991,300 00
00
26
00
55
581 22
7 90
61,550
26,733
40,000
6,155
200,292 41
Dues
capital
Profits capital
.
.
Matured share
Paid-up share
.
.
.
certificates
certificates
Forfeited share account
Guaranty fund
.
Surplus
.
.
Interest
.
$1,749,137
338,899
862,200
232,800
.
258
.
65,440
54,467
.
.
297
Due on uncompleted
loans
Dividends on matured share
cates
Dividends on paid-up share
cates
.
.
.
8,600 01
certifi-
11,609 61
.
certifi-
2,910 00
.
$3,326,620 34
$3,326,620 34
Membership
Serial Shares
Issued during year
....
....
....
....
.....
....
7,850
5,166
Withdrawn during year
.
37, 140
Unmatured shares
Matured share certificates
.
17,723
Paid-up share certificates
270
970
Matured during year
Shares in force
Shares now pledged
series issued in
....
—
Members
Members who
are borrowers
Forfeited during year
New
00
78
00
00
08
23
70
93
Holders of
:
3,028!
1,034
2,573
60S
187
February, May, August, No-
vember.
Profits Distributed
Unmatured Shares and Matured Share
3
A%;
second term,
fourth term, 1%%.
First term, 1
1%%;
Paid-up Share
1M%;
50%
1%%;
of last 6
third term
months' dividend.
Rates and Averages on Loans
889 real estate loans (average, $3,365 each; average rate, 6%): 6%, $2,991,300.
148 share loans (average, $416 each; average rate, 6%): 6%, $61,550.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
10,271.44
3.09
$1,800.00
.54
$339.28
Other
Expenses
$2,814.20
$15,224.91
.10
.85
4.5*
Advertising
Total
NEWBURYPORT — NEWBURYPORT CO-OPERATIVE BANK
Incorporated
March
15, 1888.
Began business April
9,
1888
George E. Stickney, Treasure
Charles E. Hale, President
Webster D. Adams, Assistant Treasurer
Board of Directors: W. D. Adams, G. E. Cooper, C. E. Hale, N. N. Jones*, L. N. Kent, H. W.
Page, L. L. Peavey, C. W. Perry, H. A. Pistorius, G. E. Stickney*, A. M. Weatherby.
Regular meeting for receipt of moneys the second
* Security
Monday
Committee (one vacancy)
of
each month.
I
third term!
1M%.
fourth term,
Proportion of profits retained on voluntary withdrawals,
Certificates
Certificates
\\i%\ second term,
First term,
1^%;
Little, F.
E
P.D.
8,
125
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share
Real estate by foreclosure,
10,
Dues capital
Profits capital
,546,925 00
6,150 00
Matured share
.
certificates
Forfeited share account
6,872 28
5,641 67
29 80
581 01
....
L,
.
200 00
certificates
etc.
Unpaid interest
Unpaid premiums
Unpaid fines
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
.
Guaranty fund
Surplus
Interest
Premiums
767 00
00
54
00
00
32
47
64
35
238 40
239 05
118,332
226,626
263,600
106
33,098
32,971
9,189
42
Fines
Withdrawal
102,067 29
15,209 72
profits
$1,684,443 77
$1,684,443 77
Membership
Serial Shares
Issued during year
Members
Members who
4,034
2,174
164
23,589
8,141
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
New
1927
Liabilities
Holders
of:
2,224
— are borrowers
Unmatured shares
Matured share certificates
.
.
.
.
642
.
.
.
2,132
.
.
.
185
series issued in April, October.
Profits Distributed
Unmatured Shares and Matured Share
First term,
Proportion of profits retained on voluntary withdrawals,
none.
25% on
3%; second
series less
term,
Certificates
3%.
than 7 years old; after 7 years,
Rates and Averages on Loans
638 real estate loans (average, $2,425 each; average rate, 6.97%): G$£%, $166,775; 7%, $1,380,150.
23 share loans (average, $267 each; average rate, 7%): 7%, $6,150.
1 loan on matured share certificates: 7%, $200.
Total Expenses for Year
Amount
paid- for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
3,415.00
$671.35
$27.45
3.81
.39
.01
Other
Expenses
.17
.36
Total
$7,717.97
4.57
NEWTON — AUBURNDALE CO-OPERATIVE BANK
295
Auburn
[(Other authorized location for receipt of
Street,
Auburndale
moneys: Atlantic National Bank, 88
Summer
Street,
Boston)
Incorporated February
8,
1910.
Began business February
William K. Corey, President
15,
1910
Charles E. Valentine, Treasurer
Charles S. Cowdrey, Assistant Treasurer
Board of Directors: F. H. Allison, W. R. Amesbury*, C. D. Ansley, G. A. Bacon, E. T. Cady, W. K. Corey,
William Coulson, C. S. Cowdrey, C. B. Floyd, J. H. Gordon*, W. F. Hadlock*, H. A. Hansen, G. F.
Howland*, C. P. Hutchinson, J. A. Leonard, H. H. Longfellow, W. H. Nash*, W. B. Smith, W. J. Spaulding, C. E. Valentine, H. A. Wentworth, G. M. Winslow*.
Regular meeting for receipt of moneys the
first
Tuesday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
joans on shares
joans on matured share certificates
furniture and fixtures
Lioans
Temporary expense account
}ue from trust companies and na
tional banks
3ash and cash items
5,
1927
Liabilities
00
00
00
00
811 43
,335,795
17,630
2,540
1,300
42,227 44
1,401 26
Dues
capital
Profits capital
.
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
....
Interest
Fines
Due on uncompleted
Security committee
$1,401,705 13
* Security Committee.
loans
$637,512
112,748
520,000
79,200
25,257
00
76
00
00
88
4,381 24
14,243 13
255 08
8,013 04
94 00
$1,401,705 13
—
126
P.D.
Serial Shares
Issued during year
Members
Members who
4,724
3,115
416
Shares in force
Shares now pledged
series issued in
Part
III.
Membership
Withdrawn during year
Matured during year
New
8,
302
Unmatured shares
Matured share certificates
941
351
71
Holders of
16,390
7,479
March, June, September, De
1,191
are borrowers
:
Paid-up share
certificates
cember.
Profits Distributed
Unmatured Shares
\Y%%\ third term,
First term, 1}4%', second term,
V&%.
13^%; fourth term,
Matured Share Certificates
second term, 1%,%; third term,
iy8 %',
First term,
1H%;
1%%.
fourth term,
Paid-up Share Certificates
second term, 1%%; third term,
1M%;
First term,
1H%;
1M%.
fourth term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
255
real estate loans (average, $5,238 each;
average rate, 6.02%):
5^%,
$90,500.
42 share loans (average, $420 each; average rate, 6V&%): 6%, $10,555;
5 loans on matured share certificates: 6%, $1,975; 6J4%, $565.
6%,
$23,100;
6}4%,
6K%
$1,222,195;
$7,075.
Total Expenses for Year
Rent
Advertising
$624 .74
$182 50
.44
.13
Salaries
Amount
paid for
Cost per $1,000 of assets
$2,925.81
2.09
.
Other
Expenses
$907.37
.65
Total
$4,640.42
3.31
NEWTON — NEWTON CO-OPERATIVE BANK
299
Walnut
Street, Newtonville
(Other authorized locations for receipt of moneys: 73 Tremont Street, Boston; 281 Washington
Street, Newton; 325 Watertown Street, Nonantum; Saco Lowell Shops, Newton Upper Falls)
Incorporated June 14, 1888.
Began business September
James W. French, President
4,
1888
J.
Cheever Fuller, Treasurer
Alden V. Keene, Assistant Treasurer
Board of Directors: C. R. Brown*, W. M.
Cahill, J. E. Callanan, T. C. Donovan, H. W. Fitts, C. A. FitzGerald*, J. W. French*, S. W. French, G. S. Fuller, J. C. Fuller, J. E. Gibson, T. L. Goodwin, W. T.
Halliday, H. H. Hawkins*, G. A. Haynes*, A. V. Keene, F. H. Stuart*, R. C. Thompson, G. M. Weed,
T. W. White.
Regular meeting for receipt of moneys the
first
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Furniture and fixtures
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
banks
Cash and cash items
tional
4,
1927
Liabilities
,787,850 00
32,835 00
1,300 00
13,494 60
4,575 00
2,944 87
463 07
Dues capital
Profits capital
.
Matured share
certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Interest
15,104 17
2,537 91
Fines
.
Withdrawal profits
Due on uncompleted loans
$2,861,104 62
* Security Committee.
00
21
00
00
84
538
40,538 58
12,546 61
29,819 69
613 94
556 45
24,991 30
$1,613,918
321,181
531,000
285,400
$2,861,104 62
P.D.
8,
Part
127
III.
Membership
Serial Shares
Issued during year
Withdrawn during year
16,424
6,217
.
34
Forfeited during year
Matured during year
Shares in force
Shares now pledged
1,492
39,533
15,283
New series issued in March, June, September, December.
Members
Members who
3,232
— are borrowers
....
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
Holders
of
:
883
.
.
certificates
2,802
429
232
Profits Distributed
Unmatured Shares
V/&%\ third term,
First term, V/^%; second term,
l 7/fe%; fourth term, V/
K %.
Matured Share
First term, \
1%%;
Z
A%\
fourth term,
iy8 %.
Paid-up Share
First term,
1%%;
Certificates
second term,
third term,
Certificates
1J€%; second term,
fourth term,
1%%;
1%%.
1%%;
third term,
Proportion of profits retained on voluntary withdrawals, 25% on series less than 5 years old; 10% on series
from 5 to 8 years old; after 8 years, none. On series 88 or those issued subsequently, none.
Rates and Averages on Loans
$3,579 each; average rate, 6.17%): 5%, $4,800; 53^%, $61,200; 6%, $1,052,050;
6 3 /io%, $1,644,850; 7%, $24,950.
100 share loans (average, $328 each; average rate, 6.24%): 6%, $6,600; 6 3 /io%, $25,885; 7%, $350.
4 loans on matured share certificates: 6%, $75; 6 3 /io%, $1,225.
779 real
estate loans (average,
Total Expenses for Year
Salaries
Amount paid
for
Cost per $1,000 of assets
.
Rent
2,521.76
5,294.54
4.38
1.15
Advertising
Other
Expenses
$4,081.95
1.42
i.54
.28
Total
3,704.79
7.23
NEWTON — NEWTON SOUTH CO-OPERATIVE BANK
1153
Walnut
Street,
Newton Highlands
'Other authorized locations for receipt of moneys: A. Leslie Harwood, Jr., 68 Devonshire Street,
Boston; G. W. Thompson, 80 Langley Road, Newton Centre; Thomas L. Aiken, 301 Eliot
Street,
Newton Upper
Falls)
Incorporated July
8, 1913.
Began business September
18,
1913
Charles
Clarence S. Luitwieler, President
W.
Mercer, Treasurer
poard of Directors: T. L. Aiken, R. F. Alvord*. D. A. Ambrose, H. W. Bail, G. W. Barker*, E. F. Beck, E. S.
Drowne, C. W. Fewkes, A. L. Harwood, Jr., A. S. Kendall*, C. S. Luitwieler, C. W. Mercer, J. E. Parker*,
J. E. Peakes, G. W. Pratt, G. W. Thompson*, James Willing.
Regular meeting for receipt of moneys the third Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
joans on real estate
l^oans on shares
Loans on paid-up share certificates
[Jnpaid fines
fremporary expense account
.
Due from
||
tional
trust companies
banks
.
20, 1927
Liabilities
$796,890
20,640
160
144
506
00
00
00
Dues
18
Paid-up share certificates
Guaranty fund
Surplus
62
and na
17,531 17
capital
Profits capital
.
Matured share
certificates
Interest
Withdrawal profits
Due on uncompleted loans
Security committee
$835,871 97
* Security Committee.
00
09
00
00
12,572 58
$463,697
93,831
172,000
64,200
14,997 17
4,951 57
262 56
9,350 00
10 00
$835,871 97
128
P.D.
Issued during year
Members
Members who
2,116
1,238
Withdrawn during year
Matured during year
Holders
337
Shares in force
Shares now pledged
series issued in
III.
Membership
Serial Shares
New
Part
8,
706
201'
— are borrowers
of:
Unmatured shares
Matured share certificates
9,502
4,386
March, September.
Paid-up share
582
136
64
certificates
Profits Distributed
Unmatured Shares
second term, 2J4%.
First term,
2%%;
First term,
2%%\
First term,
2^%;
Matured Share
Certificates
second term, 2$£%.
Paid-up Share Certificates
second term, 2^%.
Proportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old;
from 6 to 8 years old; after 8 years, none.
10% on
series
Rates and Averages on Loans
163 real estate loans (average, $4,889 each; average rate, 6%): 6%, $796,890.
87 share loans (average, $558 each; average rate, 6%): 6%, $20,640.
1 loan on -paid-up share certificates: 6%, $160.
Total Expenses for Year
Salaries
Amount
$1,458.00
1.74
paid for
Cost per $1,000 of assets
.
Other
Expenses
Rent
Advertising
$427.46
$13.40
11,111.57
3,010.43
.51
.02
1.33
3.60
Total
NEWTON — NONANTUM CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 325 Watertown Street, Newton)
Incorporated February 13, 1917.
May
Began business
8,
James W. French, President
1917
Warren W.
Oliver, Treasurer
Alden V. Keene, Assistant Treasurer
W. M. Cahill, J. E. Callanan, E. O. Childs, T. C. Donovan, H. W. Fitts,
J. W. French*, G. S. Fuller, J. E. Gibson, T. L. Goodwin, H. H. Hawkins*, G. A.
W. House, A. D. Howlett, M. P. McKinnon, B. M. Rich, F. H. Stuart*, G. E. Stuart, R. C.
Thompson, T. W. White.
Board of Directors: C. R. Brown,
C. A. FitzGerald*,
Haynes*,
J.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
11, 1927
Liabilities
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Furniture and fixtures
Due from trust companies and national banks
Cash and cash items
.
.
$222,000 00
8,740 00
680 00
1,825 00
5,689 97
.
Dues capital
Profits capital
$177,995
31,337
23,800
2,672
3,284
.
Paid-up share
certificates
Guaranty fund
Surplus
Dividends on paid-up share
451 66
cates
297 50
$239,386 63
Membership
Serial Shares
Issued during year
....
....
.....
....
Shares in force
Shares now pledged
New
series issued in
10
40
certifi
.
$239,386 63
Withdrawn during year
00
63
00
588
1,852
3,886
1,396
......
—
Members
Members who
Holders
of:
are borrowers
....
Unmatured
.
shares
Paid-up share certificates
February, May, August, No-
316
76
>i»
297
26
vember.
Profits Distributed
First term, \
iy8 %;
fourth term,
First term,
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
20% on
Unmatured Shares
/%%\ second term, 1%%;
z
third term,
1%%.
Paid-up Share Certificates
second term, 1%%; third term,
1M%;
fourth term, lJi%series less
than 5 years old; after 5
years,
S
* Security Committee.
\D.
8,
Part
129
III.
Rates and Averages on Loans
loans (average, $4,355 each; average rate, 6.13%) 6%, $171,900; 6 3 /io%, $29,600;
5 share loans (average, $350 each; average rate, 6.09%): 6%, $6,035; 6 3 /io%, $2,705.
2 loans on paid-up share certificates: 6%, $680.
1 real estate
:
7%,
$20,500.
Total Expenses for Year
Rent
Salaries
mount paid
$429.03
1.80
51,445.00
for
ost per $1,000 of assets
.
6.04
Other
Expenses
Advertising
Total
$2,362.86
1,236.89
9.88
17.72
NEWTON — WEST NEWTON CO-OPERATIVE BANK
1349
Washington
Street,
Other authorized location for receipt of moneys:
Incorporated June
14, 1892.
West Newton
Room
Washington
715, 387
Began business June
22,
Street, Boston)
1892
Alfred E. Thayer, Treasurer
harles E. Hatfield, President
iard of Directors: W. B. Baker*, F. J. Burrage, H. F. Cate, Alice L. Frost, R. S. Harrison, C. E. Hatfield*,
F. M. Lowe*, M. F. Lucas*, Francis Newhall*, Ellery Peabody, J. A. Reed, A. E. Thayer, S. B. Thomas,
H. L. Whittlesey*, J. E. Whittlesey.
Regular meeting for receipt of moneys the fourth Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share
and notes
ommon form mortgages
>ans
>ans
>ans
>nds
Liabilities
L,
certificates
;mporary expense account
ae from trust companies and na
itional banks
ush
and cash items
26, 1927
194,800
22,925
2,065
76,758
5,500
1,009
Dues capital
Profits capital
00
00
00
86
00
00
$787,463
158,808
201,800
130,000
25
2,400
20,480
13,355
9,500
292
98
20,139
18
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
31,070 65
10,253 95
.....
Interest
Fines
Withdrawal profits
Due on uncompleted loans
Security committee
Overs and shorts
.
Membership
Serial Shares
ued during year
-thdrawn during year
forfeited during year
Ijitured during year
3,806
2,856
,
36
403
in force
Lires now pledged
jjw series issued in
59
35
06
31
93
22
00
75
$1,344,382 46
$1,344,382 46
jjires
00
65
00
00
00
60
......
—
Members
Members who
.
379
Unmatured shares
Matured share certificates
.
1,213
163
Holders
16,594
6,872
1,363
are borrowers
of:
....
Paid-up share
115
certificates
March, June, September, De
ember.
Profits Distributed
Unmatured Shares
First term,
VA&%\ second term,
VAe%\ fourth term,
l 7/f6
Matured and Paid-up Share
First term,
1M%;
portion of profits retained on voluntary withdrawals,
1J4%; second term,
fourth term,
10% on
series less
%;
third term,
l 7 /ie%.
1&%.
Certificates
1M%;
third term,
than 5 years old; after 5 years,
none.
Rates and Averages on Loans
real estate loans (average,
1
,745 each;
average rate, 5.96%): 5 3 /io%, $47,100;
$1,130,700.
share loans (average, $382 each; average rate,
loans on matured share certificates: 6%, $2,065.
5}4%, $17,000; 6%,
6%): 6%, $22,925.
Total Expenses for Year
Rent
Advertising
5,743.26
$897.93
$213.02
2.78
.67
.16
Salaries
ount paid for
t per $1,000 of assets
.
* Security Committee.
Other
Expenses
$718.04
.53
Total
5,572.25
4.14
130
P.D.
NORTHAMPTON
8,
NORTHAMPTON CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 103 Main Street, Easthampton; 127
Florence; 36 Main Street, Amherst)
Incorporated
Part III.
May
21, 1889.
May
Began business
Main Street,'
24, 1889
Louis L. Campbell, President
Herbert R. Graves, Treasurer
Harold Y. Beastall, Assistant Treasurer
Board of Directors: O. B. Bradley, L. L. Campbell*, C. H. Chase*, F. L. Clapp, W. M. Cochran*, W. N. Doane,
G. A. Dragon, H. R. Graves, H. B. Haven*, R. W. Irwin, J. W. O'Brien*, E. E. Wood, Jr.
Regular meeting for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
Common form mortgages
Real estate by foreclosure, etc.
Banking house
Loans
Loans
Loans
Loans
$4,920,400
116,470
9,895
1,190
200
33,092
37,000
8,029
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
banks
Cash and cash items
88
00
00
00
00
00
90
00
90
08
85,000 00
104,592 92
tional
'
3,
1927
Liabilities
.
Dues capital
Profits capital
$2,746,456
467,383
1,268,200
485,000
1,750
95,605
69,536
130,499
4,284
.
Matured share
certificates
certificates
Paid-up share
Forfeited share account
Guaranty fund
Surplus
Interest
Fines
Transfer fees
5
Withdrawal profits
Due on uncompleted loans
1,303
45,000
186
Personal accounts
Building account expense
.
748
$5,315,958 80
Membership
Issued during year
12,185
8,095
.
406
Forfeited during year
Matured during year
Shares in force
Shares now pledged
....
New
series issued in
53
85
21
07
00
31
00
77
05
$5,315 958 8G
Serial Shares
Withdrawn during year
00
97
00
00
04
Members
Members who
1,464
59,013
29,432
— are borrowers
....
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
Holders of
:
certificates
5,614
1,682
4,45'
96;
37J
May, November.
Profits Distributed
Unmatured Shares
First term, 2
/ %;
7
s
second term, 2]/8 %.
Matured Share
First term,
2%%;
Certificates
2%%.
second term,
Paid-up Share Certificates
First term, 2}4%\ second term, 2}4%Proportion of profits retained on voluntary withdrawals,
none.
25%
on
series less
than 4 years old; after 4 years
Rates and Averages on Loans
1,370 real estate loans (average, $3,592 each; average rate, 6%): 6%, $4,920,400.
828 share loans (average, $355 each; average rate, 6%): 6%, $116,470.
19 loans on matured share certificates: 6%, $9,895.
2 loans on paid-up share certificates : 6%, $1,190.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
.
$10,592.65
1.99
Rent
Other
Expenses
Advertising
$1,500.00
52,842.01
.53
.28
Total
$14,934.6
2.8
NORWOOD — NORWOOD CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Bird
Incorporated September 20, 1889.
&
Son, Inc., East Walpole, Mass.)
Began business October
1,
1889
John W.
R. Russell Williamson, President
Schaeffer, Jr., Treasun
Board of Directors: A. P. Allen, F. G. Allen, R. T. Barr, E. H. Bartlett, D. E. Callahan, Henry Crosby*, F. I
Fisher*, G. F. Gavin, H. W. Gay*, H. H. Miller, J. E. Pendergast, J. W. Schaeffer, Jr., G. A. Stuntzner
W. F. Tilton, R. R. Williamson.
Regular meeting for receipt of moneys the first Tuesday of each month.
* Security Committee.
D.
8,
Part III.
131
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
.....
....
....
....
ms on real estate
ms on shares
ms on matured share
certificates
iking house
oaid fines
niture and fixtures
419
506
749
30
stamps
and shorts
3 from trust companies and naonal banks
h and cash items
nsfer
13
16
Dues
00
00
00
61
05
27
49
00
80
99
},228,743 00
capital
Profits capital
.
515,300
548,200
56,914
31,603
10,736
Matured share certificates
Guaranty fund
Surplus
Interest
Transfer fees
1
Withdrawal profits
Due on uncompleted loans
20,000 00
81,152 44
$3,413,065 65
Membership
Serial Shares
year
hdrawn during year
feited
54
00
56
39
50
50
71 16
21,495 00
$3,413,065 65
led during
1927
Liabilities
$3,232,700
68,330
4,450
4,697
nporary expense account
urance and taxes paid
jrs
4,
Members
Members who
9,696
3,573
21
2,937
43,004
17,937
.
during year
....
;ured during year
res in force
res now pledged
v series issued in April, October.
Holders
of:
3,366
1,071
— are borrowers
Unmatured shares
Matured share certificates
3,206
437
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
Matured Share
3%.
Certificates
First term, 2 Yi%\ second term,
2%%-
Proportion of profits retained on voluntary withdrawals, 25%.
Rates and Averages On Loans
average rate, 6%): 6%, $3,232,700.
(average, $465 each; average rate, 6%): 6%, $68,330.
real estate loans (average, $3,457 each;
share loans
loans on matured share certificates:
6%,
$4,450.
Total Expenses for Year
Rent
Salaries
unt paid
$5,725.50
1.68
for
per $1,000 of assets
.
Advertising
$1,349.63
$159 .90
.39
.05
Other
Expenses
$1,551.91
.45
Total
$8,786.94
2.57
ORANGE — ORANGE CO-OPERATIVE BANK
Incorporated January 8, 1889.
Began business January
23, 1889
William L. Kimball, Treasurer
E. Gridley, President
of Directors: G. W. Fry, H. C. Gates, E. E. Gridley, E. S. Hall*, L. R. Hapgood, G. P. Harrington,
C. Harris, F. A. Howe, W. L. Kimball, R. H. Latimer, J. A. McKenna*, F. E. Parker, L. H. Rogers,
B.
3. J.
TenBroeck*.
Regular meeting for receipt of moneys the fourth Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
i
i
on real estate
on shares
on matured share
certificates
orary expense account
ance and taxes paid
Bfrom trust companies and na
glial banks
and cash items
ill
26, 1927
Liabilities
$722,060 00
21,374 00
3,800 00
386 45
156 66
Dues
capital
Profits capital
.
Matured share
Guaranty fund
Surplus
certificates
.
.
....
Interest
5,000 00
7,430 93
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Overs and shorts
.
$760,208 04
* Security Committee.
$411,562
79,804
229,000
12,088
11,506
00
39
00
28
15
14,584 89
384 17
50
187 06
1,000 00
90 60
$760,208 04
132
P.D.
Issued during year
1,809
1,304
....
.
817
Shares in force
Shares now pledged
New
Part II
Membership
Serial Shares
Withdrawn during year
Matured during year
8,
8,522
4,233
.....
Members
Members who
Holders of
—are borrowers
:
.
Unmatured shares
Matured share certificates
.
series issued in January, July.
Profits Distributed
Unmatured Shares
First term,
3%; second
First term,
%%%', second
term,
Matured Share
Proportion of profits retained on voluntary withdrawals,
25%
3%.
Certificates
term,
2%%.
of last dividend.
Rates and Averages on Loans
357 real estate loans (average, $2,022 each; average rate, 6%): 6%, $722,060.
41 share loans (average, $521 each; average rate, 6%): 6%, $21,374.
3 loans on matured share
certificates
:
6%,
$3,800.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$1,150.00
1.51
.
Other
Expenses
$479.28
Advertising
$150.00
.20
Total
$1,779.
.63
2.
PEABOD Y — PEABOD Y CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 289 Lincoln Ave., Cliftondale)
Incorporated
May
28, 1888.
Began business June
16,
1888
Roy N. Howe, Treasm
Patrick H. O'Conor, President
Board of Directors: C. S. Batchelder, T. F. Hayes, R. N. Howe, H. V. Hunt, Justus Jones*, M. E. Kellf
D. C. Manning, P. H. O'Conor, L. P. Osborn, L. P. P. Osborne, Alonzo Raddin*, W. F. Sawyer, F.
Sloan*, G. F. Woodbury, P. J. Woods.
Regular meeting for receipt of moneys the third Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Lemporary expense account
Personal accounts
Mortgage balance
15,
,013,550 00
39,400 00
2,500 00
1,500 00
1,507 48
9 39
87 95
6 80
.
.
Overs and shorts
Due from trust companies and na
tional banks
.
65,964 73
274 89
Cash and cash items
....
Dues capital
Profits capital
$2,206,685
439,284
748,200
400,200
501
75,859
61,236
36,249
745
3
311
130,000
25,500
25
Matured share
certificates
certificates
Paid-up share
Forfeited share account
.
Guaranty fund
.
....
....
.....
Surplus
.
.
Interest
Fines
Transfer fees
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Insurance
Bills
....
$4,124,801 24
$4,124,801
Membership
Serial Shares
Issued during year
....
....
....
....
.....
....
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
1927
Liabilities
9,882
5,781
122
1,721
45,860
22,826
New series issued in March, June, September, December.
Members
Members who
.
Holders
of:
.
—
.
are borrowers
.
.
•
.
....
Unmatured shares
Matured share certificates
Paid-up share
.
.
certificates
Profits Distributed
Unmatured Shares
First term, \
iy8 %;
A%\
Z
second term,
fourth term,
1%%.
1%%;
Matured and Paid-up Share
First term,
1M%;
l%%;
* Security Committee.
1M%-
10%
for 54
ter
Certificates
second term, l}i%; third
fourth term,
Proportion of profits retained on voluntary withdrawals,
third
months.
tei
s
ID.
8,
133
Part III.
Rates and Averages on Loans
6%,
,383 real estate loans (average, $3,011 each; average rate, 5.95%): 53^%, $416,000;
119 share loans (average, $331 each; average rate, 6%) 6%, $39,400.
6 loans on matured share certificates: 6%, $2,500.
4 loans on paid-up share certificates : 6%, $1,500.
$3,597,550.
:
Total Expenses for Year
Rent
Salaries
mount paid
for
ost per $1,000 of assets
.
$5,221 00
$937 .66
$437.04
26
.23
.11
1
PITTSFIELD
— PITTSFIELD
Incorporated February 15, 1889.
rthur
W. Plumb,
President
Other
Expenses
Advertising
Total
$11,602.91
2.81
$5,007.21
1.21
CO-OPERATIVE BANK
Began business March
5,
1889
Lorenzo H. Gamwell, Treasurer
,
Adams, R. D. Bardwell, John Barker, L. H. Gamwell, R. H. Gamwell*, A. M. Jones,
Mathias McCormick*, G. W. Pease, H. R. Peirson, R. C. Pierce, A. W. Plumb*.
oard of Directors: G. S.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
by
foreclosure, etc.
npaid interest
ue from trust companies and
tional banks
ish and cash items
1927
Liabilities
)ans on real estate
>ans on shares
bans on matured share certificates
>ans on paid-up share certificates
mds and notes
3al estate
11,
$2,145,100
54,881
4,130
4,220
50,000
2,812
6,849
00
00
00
00
00
Dues capital
Profits capital
12
71
Guaranty fund
....
...
....
Matured share
Paid-up
certificates
share certificates
245,414 53
102,404 61
.
.
.
.
68,532
63,142
1,900
Forfeited share account
Surplus
Due on uncompleted
na
.
$1,515,183
280,962
472,000
197,600
loans
Dividends on matured share
.
4
certifi-
cates
11,547 50
Dividends on paid-up share
certifi-
4,940 00
cates
$2,615,811 97
$2,615,811 97
Membership
Serial Shares
sued during year
withdrawn during year
[rfeited during year
ptured during year
5,799
4,312
39
.
782
tares in force
ares
ew
30,078
13,585
now pledged
series issued in
00
68
00
00
00
24
55
00
Members
Members who
Holders
of:
—
2,845
are borrowers
Unmatured shares
Matured share certificates
.
Paid-up share
certificates
.
.
.
.
.
.
.
.
.
.
.
894
2,615
385
158
May, November.
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
2^%;
second term, 2J^%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
|
I?
p
m
real estate loans (average, $3,086 each;
average rate, 5.89%): 5%, $226,850; 6%, $1,918,250.
share loans (average, $297 each; average rate, 6%):
loans on matured share certificates : 6%, $4,130.
loans on paid-up share certificates: 6%, $4,220.
6%,
$54,881.
Total Expenses for Year
Salaries
jiount paid for
1st per $1,000 of assets
$8,195.61
3.13
Rent
1,551.56
.59
* Security Committee.
J
Advertising
Other
Expenses
46
$1,555.37
.47
.59
1,234.
Total
$12,537.00
4.78
P.D.
134
PITTSFIELD
— UNION
8,
Part III
CO-OPERATIVE BANK
.
Incorporated January
4, 1911.
Began business January
George H. Cooper, President
17,
1911
William C. Moulton, Treasurer
of Directors: H. J. Bridgman*, W. A. Burns, F. H. Caude, C. C. Chesney, C. F. Coogan, G. H. CooperlM
T. F. Cosgriff, W. M. Crane, Jr., Z. M. Crane, J. B. Cummings, F. W. Dutton*, J. H. Enright, D. F(jea
Farrell*, E. E. Ferry, W. J. Foss, D. J. Gimlich*, Harry Holden, E. N. Huntress*, Joseph Insull, J. F Ten
Kahl, L. F. Lyons, W. C. Moulton, D. T. Noonan, J. J. Pender, T. F. Plunkett, W. C. Root, J. B. Puis
citta, H. J. Ryan, J. R. Savery, R. F. Stanton, W. C. Stevenson, D. P. Sweeney, J. F. Titus, W. A. Whit
tlesey, G. L. Willis.
Board
Regular meeting for receipt of moneys the third Tuesday of each month.
?a?
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
18, 1297
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Bonds and notes
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
Dues capital
Profits capital
00
68
00
00
00
456 97
$838,650
38,278
180
350
25,000
$594,813
77,936
121,200
90,000
81
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
.
Guaranty fund
Surplus
7,349 31
2,134 06
....
Due on uncompleted
$912,399 02
0(
7(
7(
$912,399
05
6(
5(
Membership
Serial Shares
Issued during year
01
154
2,886
32
loans
Security committee
....
....
....
....
Members
Members who
5,822
4,874
50
Forfeited during year
#
190
Matured during year
17,252
Shares in force
5,925
Shares now pledged
New series issued in January, April, July, October.
Withdrawn during year
05
10,579 4
10,258 II
4,456 7',
Interest
Fines
0(
Holders of
.
:
—
are borrowers
Unmatured shares
Matured share certificates
.
Paid-up share
certificates
...
...
.
.
.
1,60*
45
1,51'
9:
Profits Distributed
Unmatured Shares and Matured and Paid-up Shar
Certificates
First term,
1M%;
134%; second term,
fourth term,
1M%;
third term
1H%-
Proportion of profits retained on voluntary withdrawals, none.
3th
Rates and Averages on Loans
296 real estate loans (average, $2,833 each; average rate, 5.92%): 5%, $63,450; 6%, $775,200.
168 share loans (average, $228 each; average rate, 6%): 6%, $38,279.
1 loan on matured share certificates: 6%, $180.
1 loan on paid-up share certificates: 6%, $350.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$2,700.00
2.96
$900.00
$912.18
1.00
.98
Other
Expenses
$635.89
.70
Total
$5,148.0
5.6.
PLYMOUTH — PLYMOUTH CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: American Trust Company, 50 State Street
Boston)
fan
ana
Incorporated June
7,
18S2.
Began business June
20,
1882
Elmer E. Avery, Treasure
John B. Washburn, President
Board of Directors: A. L. Barnes, Joseph Barnes*, E. K. Bartlett*, E. L. Burgess*, H. M. Douglas, W. J
Engstrom, H. F. Goddard, F. J. Heavens, M. S. O'Brien*, E. L. Sampson, F. R. Snow, H. R. Talbot
L. C. Tripp, J. B. Washburn*, A. P. Whiting.
Regular meeting for receipt of moneys the third Tuesday of each month.
* Security Committee.
let
*
>.D. 8,
135
Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
iOans
on
by
foreclosure, etc.
'emporary expense account
isurance and taxes paid
ersonal accounts
>ue from trust companies and na
tional
banks
.
Forfeited share account
Matured share account
74,935 33
4,652 60
Guaranty fund
Surplus
292 96
61 05
.
Interest
Premiums
Fines
74,034 69
30,132 87
ash and cash items
$2,797,235 00
642,474 14
441 59
520,392 16
69,863 01
47,451 51
95,192 75
5,197 91
4,867 86
2,285 98
15,800 00
121 59
Dues capital
Profits capital
,907,700 00
106,850 00
2,664 00
real estate
oans on shares
lommon form mortgages
Leal estate
18, 1927
Withdrawal profits
Due on uncompleted loans
Overs and shorts
.
$4,201,323 50
$4,201,323 50
Membership
Serial Shares
isued during year
fithdrawn during year
jorfeited during year
fatured during year
Holders
503
now pledged
few series issued in June, December.
[fiares
of:
are borrowers
4,191
1,628
.
Unmatured shares
6,222
48,926
21,848
pares in force
.....
—
Members
Members who
13,678
4,493
4,191
Profits Distributed
Unmatured Shares
First term, 37io%; second term,
•oportion of profits retained
on voluntary withdrawals,
25% on
series less
3%.
10%
than 5 years old;
thereafter.
Rates and Averages on Loans
466 real estate loans (average, $2,666 each; average rate, 6.3%): 6 3 /io%, $3,907,700.
P6S share loans (average, $294 each; average rate, 6.3%): 6 3 /io%, $106,850.
Total Expenses for Year
$7,026 66
$545.48
$259.45
Other
Expenses
$4,167.22
1.67
.13
.06
.99
Rent
Salaries
mount paid
for
>st per $1,000 of assets
.
.
Advertising
Total
$11,998.81
2.85
QUINCY — QUINCY CO-OPERATIVE BANK
ther authorized locations for receipt of moneys: Quincy Trust Company, 27 Billings Road, Norfolk Downs; American Trust Company, 50 State Street, Boston)
Incorporated April 17, 1889.
ank
W.
May
Began business
7,
1889
Frank A. Reed, Treasurer
Crane, President
Lillian A.
Moodie, Assistant Treasurer
ird of Directors: G. W. Abele, E. R. Atwood, L. S. Cleaves, F. W. Crane, R. E. Foy, J. P. Granahan, J. B.
Grossman, J. F. Hunt*, Perry Lawton, A. D. Martin, C. J. McGilvray, J. W. Nightingale, F. A. Reed,
J. G. Roberts, E. R. Stone, F. E. Tupper*, C. H. Wilson, J. F. Young*.
Regular meeting for receipt of moneys the
first
Wednesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Jans on real estate
]|'ins on shares
lans on matured share certificates
1ms on paid-up share certificates
li il estate by foreclosure, etc.
durance and taxes paid
ilie from trust companies and na
;
banks
and cash items
ional
sh
5,
1927
Liabilities
,697,350 00
00
00
00
91
530 55
89,045
8,100
500
6,163
Dues capital
Profits capital
.
Matured share
Paid-up share
certificates
certificates
Surplus
166,197 52
1,699 27
Due on uncompleted
Personal accounts
.
.
.
.
Dividends on paid-up share
cates
$5,969,586 25
* Security Committee.
.
.
.
.
.
...
loans
Dividends on matured share
cates
.
.
....
Forfeited share account
Guaranty fund
.
.
.
$3,157,156
738,058
1,523,800
319,000
138
82,148
84,236
40,070
39
00
07
00
00
25
90
28
00
00
certifi.
.
20,952 25
certifi-
3,987 50
$5,969,586 25
—
136
1P.D. 8,
III.
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in February,
Part
18,946
8,925
180
4,448
66,916
31,816
.
......
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
5,79*6
j
1,758
of:
Paid-up share
4,96t
1,09(
certificates
24i
May, August, No-
vember.
Profits Distributed
Unmatured Shares
First term,
1H%;
13^%; second term, 1J^%;
\y2 %.
Matured Share
S
Certificates
1%%;
second term,
fourth term, 1%%.
First term,
iy %;
third term
fourth term,
First term,
1M%;
l%%\
third term
Paid-up Share Certificates
second term, 1}£%', third term
1%%;
fourth term,
'j
1%%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
1,525 real estate loans (average, $3,736 each; average rate, 6.44%): 5J^%, $149,800; 6%, $350,150;
$5,197,400.
372 share loans (average, $239 each; average rate, 6.50%): 6%, $100; 6J^%, $88,945.
8 loans on matured share certificates: 6J^%, $8,100.
1 loan on paid-up share certificates : 6J^%, $500.
§}4%
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
.
35
1.30
',755.
1.73
Other
Expenses
$2,913.44
.06
.49
Advertising
L.732.40
.29
Total
$12,781.9
2.1
QUINCY — SHIPBUILDERS CO-OPERATIVE BANK
(Other authorized location for receipt of moneys:
Incorporated January 16, 1920.
Room
3,
1359
Hancock
Began business February
H. Fred Lalley, President
13,
Street, Quincy)
1920
Herbert A. Brecht, Treasur
Board of Directors: H. A. Brecht, J. E. Burkhardt, J. Campagna, Olaf Carlberg, T. J. Donlin, L. D. Dunca
Jr.*, F. Foy*, R. M. Harmon, D. M. Holman, W. R. Hurley, G. Husband*, M. J. L. Kennedy, H.
Lalley, W. T. McCormick, N. Millar, J. Moorhead, B. Rappaport, W. H. Rideout*, H. I. Sullivan,
Walsh, C. R. Young.
'.
"V
Regular meeting for receipt of moneys the second Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
Loans on real estate
Loans on shares
Due from trust companies and national banks
Cash and cash items
.
14, 1927
Liabilities
$347,000 00
17,861 00
9,069 73
3,175 74
Dues capital
Profits capital
$289,650
43,110
30,000
54
.
Paid-up share certificates
Forfeited share account
.
Guaranty fund
2,729
1,913
9,060
20
194
Surplus
Due on uncompleted
loans
Security committee
Other liabilities
Dividends on paid-up share
cates
$377,106 47
* Security Committee.
.
certifi
375
$377,106
i
D.
8,
Part
137
III.
Membership
Serial Shares
lued during year
-
ithdrawn during year
rfeited during year
.
ares in force
(ares
w
now pledged
series issued in
Members
Members who
2,339
1,257
.
February, May,
Holders
37
8,080
2,569
August, No-
of:
— are borrowers
Paid-up share
vember.
744
165
....
...
Unmatured shares
.
.
.
730
34
certificates
Profits Distributed
Unmatured Shares
1J^%; second term,
fourth term, \\i%.
First term,
W%%\
First term,
1M%;
Dportion of profits retained on voluntary withdrawals,
none.
20%
third term,
Paid-up Share Certificates
second term, 1}£%; third term,
1M%;
fourth term,
on
1H%;
l
A%l
than 3 years old; after 3 years,
series less
Rates and Averages on Loans
loans (average, $3,541 each; average rate, 6.38%): 6%, $33,400; 6M%. $97,500;
share loans (average, $267 each; average rate, 6.24%): 6%, $845; 6M%. $17,016.
\real estate
6^%,
$216,100.
Total Expenses for Year
lount paid for
st per $1,000 of assets
.
Salaries
Rent
Advertising
$158.00
$208.72
$339.41
.42
.55
.90
Other
Expenses
$526.01
1.40
Total
$1,232.14
3.27
QUINCY — WOLLASTON CO-OPERATIVE BANK
ther authorized locations for receipt of moneys: Atlantic Pharmacy, Atlantic; 1135 Old South
Building, Boston)
Incorporated April
iderick
8,
1889.
Began business April
16,
H. Bishop, President
1889
Herbert
Arthur
W. Hood,
W. Pinkham,
Treasurer
Assistant Treasurer
C. S. Adams, C. W. Bailey, C. H. Baker, F. H. Bishop, Thomas Fenno, J. B. Geddes,
E. R. Johnson, A. W. Macfarland, C. A. Macfarland*, A. M. MacMurray, Arthur Murphy*,
N. G. Nickerson*, N. H. Nickerson, H. W. Pinkham, W. S. Pinkham, R. W. Poole, A. H. Richards,
G. E. Thomas, C. F. Wilde.
ird of Directors:
A.
W. Hood,
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
ans on real estate
ans on shares
]|ins on matured share certificates
Jims on paid-up share certificates
lal estate by foreclosure, etc.
G
Imporary expense account
I urance and taxes paid
I
ler assets
....
from trust companies and na
I ional banks
Ish and cash items
lie
18,
1927
Liabilities
00
00
00
00
24
96
664 27
195 52
,262,350
84,495
9,620
1,100
6,967
1,288
Dues capital
Profits capital
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Matured share account
.
.
Guaranty fund
Surplus
....
Interest
124,977 47
26 15
Fines
Withdrawal profits
Due on uncompleted loans
Security committee
Personal accounts
Overs and shorts
Other liabilities
$4,491,684 61
* Security Committee.
.
.
$2,590,569
598,436
1,060,600
126,200
00
51
00
00
252 69
807 36
66,681 96
32,174 99
9,515 42
421 90
375 50
5,191 95
220 00
231 61
4 22
1 50
$4,491,684 61
138
P.D.
Part III
Membership
Serial Shares
Issued during year
Withdrawn during year
8,
14,274
10,407
.
48
Forfeited during year
Members
Members who
Matured during year
1,110
Shares in force
54,628
Shares now pledged
24,595
New series issued in January, April, July, October.
4,15
— are borrowers
1,21
Unmatured shares
Matured share certificates
3,62
75
Holders
of:
Paid-up share
certificates
9
Profits Distributed
Unmatured Shares
First term,
V4%i
V/K %.
fourth term,
Matured Share
First term,
1V8 %;
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
third tern
Certificates
1%%;
\Y%%\ second term,
1%%.
fourth term,
First term,
1%%;
1}4%; second term,
third tern
Paid-up Share Certificates
second term, 1}£%; third
1M%;
terrr
fourth term, 1J£%.
25% on
series less
Pi
than 5 years old; after 5 yean
Rates and Averages on Loans
1,036 real estate loans (average, $4,114 each; average rate, 6.02%): 5J^%, $128,000; 6%, $3,852,850;
$500; 6M%, $281,000.
2Ifi share loans (average, $352 each; average rate, 6.03%): 5%%, $10; 6%, $79,745; 63^%, $4,740.
11 loans on matured share certificates: 6%, $4,500; 6J^%, $5,120.
2 loans on paid-up share certificates : 6%, $1,100.
6U%
Total Expenses for Year
Amount paid
Cost
for .
per $1,000 of assets
Salaries
Rent
11,992.41
$1,298.96
2.67
.29
$268.10
Other
Expenses
$3,032.01
$16,591.41
.06
.67
3.61
Advertising
Total
RANDOLPH — RANDOLPH CO-OPERATIVE BANK
Incorporated January 29, 1889.
Franklin
W. Hayden,
Began business February
7,
1889
Herman W.
President
French, Treasure
ard of Directors: James Fardy* T. A. Fardy, H. W. French, D. J. Hand, F. W. Hayden*, A. H. Holbrooi
H. F. Howard, J. T. Leahy, M. E. Leahy, F. D. McCarty, R. E. O'Brien*, A. C. Wilde.
Regular meeting for receipt of moneys the
first
Thursday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
.
.
.
.
.
.
1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Due from trust companies and national banks
Cash and cash items
.
6,
.
.
.
$1,345,200
7,855
3,680
1,000
1,483
00
00
00
00
Dues capital
Profits capital
79
Forfeited share account
.
Matured share
Paid-up
certificates
share certificates
Guaranty fund
58,091 10
4,475 76
Interest
742
Fines
Transfer fees
2
Withdrawal
profits
Bills payable for money
Due on uncompleted
* Security Committee.
borrowed
loans
Security committee
$1,421,785 65
01
4'
01
0(
721
11,700 0(i
6,145 4;!
18,630 &:
Surplus
Other liabilities
Due on foreclosure
$498,641
90,632
659,800
66,600
551
sales
3<
5(|
129 &
50,000 0(;
17,890 3C
30 0(
290
0(
$1,421,785
6!
!
\D.
8,
139
Part III.
Membership
Serial Shares
ssued during year
tiares in
aares
ew
4,122
1,675
15
1,129
11,724
7,672
.
Withdrawn during year
orfeited during year
latured during year
.
....
force
now pledged
.....
—
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
1,455
519
.
1,083
448
50
.
certificates
February, August.
series issued in
Profits Distributed
Unmatured Shares
second term, 2%%.
First term,
3%;
First term,
2%%;
First term,
2}4%\ second term, 2J4%-
Matured Share Certificates
second term, 2%%.
Paid-up Share
roportion of profits retained on voluntary withdrawals,
none.
25% on
series less
Certificates
than 5 years old; after 5 years,
Rates and Averages on Loans
6%): 6%, $1,345,200.
95 real estate loans (average, $2,718 each; average rate,
{.£ share loans (average, $187 each; average rate, 6%):
4 loans on matured share certificates: 6%, $3,680.
3 loans on paid-up share certificates: 6%, $1,000.
6%,
$7,855.
Total Expenses for Year
Salaries
mount paid
$4,386.75
3.09
for
ost per $1,000 of assets
.
Rent
Advertising
$404.65
$152.80
.28
.11
Other
Expenses
$654.83
Total
$5,599.03
3.94
.46
READING — READING CO-OPERATIVE BANK
)ther authorized locations for receipt of moneys: New England Trust Company, Boston; Office of
C. S. Harriman
Co., No. Wilmington; Office of F. R. Batchelder, North Reading; McLaughlin
&
&
Dennison, Wilmington)
Incorporated
November
27, 1886.
Began business December
6,
1886
H. Raymond Johnson, Treasurer
ank E. Crafts, President
ard of Directors: O. L. Akerley, F. R. Batchelder, P. M. Burgess, John Connelly, A. W. Coolidge, F. E
Crafts, H. B. Currell*, J. L. Devaney, A. P. French, C. S. Harriman, E. N. Hunt*, Henry R. Johnson*,
H. Raymond Johnson, G. A. Parker, C. M. Spencer.
Regular meeting for receipt of moneys the Tuesday following the
first
Monday
of each
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
ans on real estate
ans on shares
ans on matured share certificates
ans on paid-up share certificates
irniture
.
fixtures
Ikes paid
Irsonal accounts
I e from trust companies
.
banks
and cash items
liional
iih.
4,
1927
Liabilities
....
and
month.
$2,496,000 00
67,750 00
4,440 00
900 00
1,543 70
837 04
75 00
and na
84,732 57
1,237 51
....
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
874
.
Guaranty fund
Surplus
Bills payable for
.
.
.
cates
....
....
....
Dividends on paid-up share
cates
$2,657,515 82
* Security Committee.
.
money borrowed
Due on uncompleted loans
Suspense
Dividends on matured share
$1,548,196
351,975
374,200
255,800
44,696
8,344
45,000
13,435
1
00
17
00
00
00
95
08
00
00
28
certifi
8,598 34
certifi
6,395 00
$2,657,515 82
140
P.D.
Issued during year
7,705
4,254
128
1,707
30,414
14,791
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
series issued in
Part
III.
Membership
Serial Shares
New
8,
......
Members
Members who
Holders
of:
— are borrowers
.
2,741
886-
.
2,469
321
....
Unmatured shares
Matured share certificates
Paid-up share certificates
265
May, November
Profits Distributed
Unmatured Shares
First term,
2%%;
second term,
2%%.
Matured and Paid-up Share
First term, 2}4%', second term,
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
series less
Certificates
2^%.
than 5 years old; after 5 years,
Rates and Averages on Loans
743 real estate loans (average, $3,359 each; average rate, 6%): 6%, $2,496,000.
156 share loans (average, $434 each; average rate, 6%): 6%, $67,750.
5 loans on matured share certificates: 6%, $4,440.
1 loan on paid-up share certificates: 6%, $900.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
$6,799.50
2.56
.
Rent
Other
Expenses
Advertising
$1,800.00
$964.74
$2,139.47
.68
.36
.80
Total
$11,703.71
4.40
REVERE — REVERE CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Revere Trust Company, Revere;
Trust Company, 50 State Street, Boston)
Incorporated October
Nelson
S.
1,
1901.
Began business October
14,
American
1901
Burbank, President
Willis G.
Bond, Treasurer
Board of Directors: A. M. Bommer, W. G. Bond*, E. W. Brown, N. S. Burbank*, S. J. Clark, A. F. Cornell*,
H. J. Cornell, A. H. Curtis, Joseph De Napoli, T. F. Driscoll, C. F. Gallagher, G. A. Gove, W. E. Hancock, D. C. Landry, J. M. Liset, F. P. Morse, I. P. Park, W. E. Parker, E. O. Parkhurst, F. E. Rowe,
J. B. Shurtleff, B. C. Taylor, Roscoe Walsworth.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
\
Loans on shares
Loans on matured share certificates
Banking house
Unpaid interest
Unpaid fines
Furniture and fixtures
Insurance and taxes paid
Due from trust companies and na tional banks
Cash and cash items
.
....
13, 1927
Liabilities
$699,515
23,610
500
8,795
2,254
222
537
30
00
00
00
Dues capital
Profits capital
17
Paid-up share
66
66
49
95
Forfeited share account
$415,617 00
85,317 38
208,800 00
.
Matured share
certificates
certificates
19,400
192
12,638
19,247
6,230
45
138
.
Guaranty fund
Surplus
Due on uncompleted
loans
Security committee
34,551 86
722 51
Other liabilities
Dividends on matured share
cates
$770,740 30
* Security Committee.
50
00
65
certifi-
2,871 00
cates
Dividends on paid-up share
00
42
45
40
certifi-
242
50
$770,740
30
D.
141
Part III.
8,
Membership
Serial Shares
sued during year
2,240
ithdrawn during year
rfeited during year
atured during year
973
70
449
.
ares in force
ares now pledged
w series issued in February,
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
9,143
4,442
—
of:
931
313
....
Paid-up share
.
824
...
certificates
May, August, No-
vember.
.
.
199
21
.
Profits Distributed
Unmatured Shares
V/^%; third term,
1^6%; fourth term, V/^%.
First term, l 7/f6 %; second term,
Matured Share
iy8 %;
Certificates
1%%;
1%%;
second term,
fourth term, 1%%.
First term,
Paid-up Share
third term,
Certificates
A%;
third term,
First term, \}/i%\ second term, \ X
1H%;
1M%-
fourth term,
15% on
jportion of profits retained on voluntary withdrawals, 25% on series less than 6 years old;
on series 7 to 8 years old; after 8 years, none.
from 6 to 7 years old;
5%
series
Rates and Averages on Loans
average rate, 6.47%): 6%, $40,875; 6H%, $658,640.
loans (average, $232 each; average rate, 6.49%): 6%, $50; 63^%, $23,560.
on matured share certificates: 63^%, $500.
Total Expenses for Year
real estate loans (average, $2,754 each;
\
2
2
share
loans
lount paid for
st per $1,000 of assets
.
Salaries
Rent
Advertising
$2,066.00
$635.60
$589 33
2.68
.82
.77
Other
Expenses
$568.87
.
.73
Total
$3,859.80
5.00
ROCKLAND — ROCKLAND CO-OPERATIVE BANK
ther authorized locations for receipt of moneys: Thomas Drew & Company, So. Hanover;
W. S. Curtis, Hanover; John F. Brooks, No. Hanover)
Incorporated February 21, 1911.
mcis
J.
Began business March
Geogan, President
1911
9,
Charles
J.
Higgins, Treasurer
of Directors: F. S. Alger, S. W. Baker*, L. E. Blanchard, J. D. Carney, E. S. Damon*, J. H. Dunn,
Joseph Estes, F. J. Geogan, C. J. Higgins, E. F. Hurley, M. W. Murrill, B. L. Stetson, J. E. Sullivan,
,rd
C. A. Townsend*, H. T. Wright.
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
ins
on
Initure
....
....
real estate
Ins on shares
and
fixtures
.
.
.
.
.
.
aporary expense account
b from trust companies and na.
banks
h and cash items
ional
.
13, 1927
Liabilities
.
.
$1,015,450 00
25,910 00
134 25
367 53
Dues capital
Profits capital
00
05
00
34
23
95
25
10,111 74
272 08
173 77
10,519 50
10 00
24 13
$637,897
128,343
188,600
243
72,096
11,243
3,350
.
Matured share certificates
Forfeited share account
Matured share account
.
.
20,684 53
338 73
.
Guaranty fund
Surplus
Interest
Fines
....
Withdrawal profits
Due on uncompleted loans
Security committee
Overs and shorts
.
$1,062,885 04
$1,062,885 04
Membership
Serial Shares
ed during year
hdrawn during year
eited during year
ured during year
•es
2,655
1,298
12
476
in force
Ires now pledged
If series issued in
12,967
5,920
.....
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
March, September.
1,258
465
1,188
148
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
Matured Share
First term,
»ortion of profits retained
2%%;
3%.
Certificates
second term,
2%%.
on voluntary withdrawals, 25% on series less than 5 years
from 5 to 7 years old; after 7 years, none.
* Security
Committee.
old;
10% on
series
P.D.
142
8,
Part
III.
Rates and Averages on Loans
428 real estate loans (average, $2,373 each; average rate, 6%): 6%, $1,015,450.
63 share loans (average, $489 each; average rate, 6%): 6%, $25,910.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$1,370.00
1.29
$426.54
$34.50
.40
.03
Other
Expenses
$609 32
Total
$2,440. 3(
2.2$
.
.57
SALEM — ROGER CONANT CO-OPERATIVE BANK
Incorporated
Vincent
November
9, 1894.
Began business November
13,
1894
Joshua B. Merrill, Treasure
S. Peterson, President
Board of Directors: I. K. Annable, R. B. Buckham*, J. N. Clark, G. W. Creesy*, G. B. Farrington, W. i
Felton, J. H. Gifford*, J. B. Merrill, C. F. A. Morse*, V. S. Peterson*, L. D. Pedrick, M. J. ReardoD
R. A. Stanley, G. A. Wilkins*. E. F. Woodman.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Insurance and taxes paid
Due from trust companies and na'
tional banks
Cash and cash items
11,
Liabilities
,440,465 00
49,672 00
4,855 00
980 00
5,318 70
59 00
.....
Dues capital
Profits capital
.
.
.
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
.
.
Surplus
Bills payable for
.
49,892 34
3,221 37
money borrowed
Due on uncompleted loans
Dividends on matured share
cates
.
.
.
Dividends on paid-up share
cates
.
7,301
3,805
7
Matured during year
1,297
27,636
14,294
New
series issued in
8
0'
OC
1
6
8
.
8,175
.
certifi-
2,980
$2,554,463 4
Membership
Forfeited during year
Shares in force
Shares now pledged
0i
249,158
654,000
238,400
266
41,406
48,679
30,000
16,764
.
Serial Shares
Issued during year
,264,633
certifi-
$2,554,463 41
Withdrawn during year
1927
......
...
—
Members
Members who
Holders
of:
are borrowers
certificates
February, May, August, No-
vember.
80
....
...
Unmatured shares
Matured share certificates
Paid-up share
2,49
.
,'
2,04
48
20
...
Profits Distributed
Unmatured Shares
1%%', third
First term, l 5/f6 %; second term,
V>A%\
fourth term,
Matured and Paid-up Share
Certificates
First term,
134%; second term, 134%;
1M%;
1M%-
Proportion of profits retained on voluntary withdrawals,
none.
25%
fourth term,
on
series less
tern
\%%.
third tern
than 4 years old; after 4 year
Rates and Averages on Loans
662 real estate loans (average, $3,686 each; average rate, 6%): 6%, $2,440,465.
127 share loans (average, $391 each; average rate, 6%): 6%, $49,672.
11 loans on matured share certificates: 6%, $4,855.
4 loans on paid-up share certificates: 6%, $980.
Otl
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$5,694.45
2.23
$1,676.11
$661.55
.66
.26
* Security Committee.
Advertising
Other
Expenses
$3,848.32
1.50
Total
:i,880.4
4.(
\D.
8,
Part III.
143
SALEM
— SALEM
Incorporated April
leorge
W.
7,
CO-OPERATIVE BANK
Began business April
1888.
13,
1888
Albert C. Mackintire, Treasurer
Pickering, President
oard of Directors: G. A. Bodwell, W. E. Curtis,* E. P. Lane, A. C. Mackintire, G. W. Pickering*, H. E.
Reynolds, C. C. Tuttle, F. W. Waite, S. H. Wilkins*. W. F. Williams.
Regular meeting for receipt of moneys the second Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
urniture and fixtures
emporary expense account
vers and shorts
>ue from trust companies and na
tional banks
ash and cash items
oans
oans
oans
oans
Liabilities
Dues
,342,060 00
capital
Profits capital
99,872 00
5,105 00
1,110 00
700 00
1,511 22
1 60
.
Matured share
certificates
certificates
554
Forfeited share account
Guaranty fund
77,900
59,396
22,924
Surplus
Interest
630 51
2 50
138 75
22,600 00
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
$4,498,348 79
$4,498,348 79
Membership
Serial Shares
sued during year
ithdrawn during year
orfeited during year
[atured during year
r
00
95
00
00
89
89
32
98
$2,582,121
527,278
757,800
447,000
.
Paid-up share
32,438 78
15,550 19
.
.
14, 1927
Members
Members who
12,735
8,071
.
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share
.
.
.
Holders
202
....
are borrowers
2,440
55,189
lares in force
26,280
lares now pledged
ew series issued in January, April, July, October.
of:
—
4,817
1,520
....
certificates
4,346
644
355
Profits Distributed
Unmatured Shares
z
third term,
1%%; second term, \ /%%\
fourth term, 1%%.
First term,
1%%;
Matured and Paid-up Share
First term,
M%;
1M%;
Certificates
second term, V/L%\ third term,
fourth term,
VA%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
6%): 6%, $4,342,060.
6%, $99,872.
174 real estate loans (average, $3,699 each; average rate,
132 share loans (average, $301 each; average rate, 6%):
11 loans on matured share certificates: 6%, $5,105.
3 loans on paid-up share certificates: 6%, $1,110.
Total Expenses for Year
Salaries
Qount paid for
.
st per $1,000 of assets
$13,624.96
3.03
Rent
Advertising
Other
Expenses
5,011.70
.67
$111.86
$2,453.24
9,201.76
.03
.54
4.27
Total
SANDWICH — SANDWICH CO-OPERATIVE BANK
ther authorized locations for receipt of moneys: Falmouth National Bank, Falmouth; Office
of C. M. Chase, Hyannis; Office of L. A. Law, Provincetown)
Incorporated October
1,
1885.
Began business December
•ome R. Holway, President
15,
1885
Fletcher Clark, Treasurer
%rd of Directors: E. S. Clark, Fletcher Clark*, E. W. Haines, J. R. Holway*, E. S. S. Keith, T. F. Kelleher*,
L. A. Law, J. W. Liberty, W. E. R. Nye, A. R. Pope, O. L. Small, E. S. Talbot.
Regular meeting for receipt of moneys the third Tuesday of each month.
* Security Committee.
144
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
Part
18, 1927
Liabilities
Loans on real estate
Loans on shares
Common form mortgages
Real estate by foreclosure, etc.
Banking house
Furniture and fixtures
Insurance and taxes paid
Due from trust companies and
tional banks
Cash and cash items
,246,700 00
20,600 00
400 00
22,882 11
25,167 76
3,662 20
550 34
93,646 54
9,356 83
....
....
Dues capital
Profits capital
Matured share
certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Due on uncompleted loans
Personal accounts
Dividends on matured share
.
.
.
.
.
.
.
.
.
.
.
.
.
$914,830
205,310
179,200
54,200
888
26,521
26,620
9,162
162
4,713 50
certifi-
cates
1,355 00
$1,422,965 78
$1,422,965 78
Membership
Serial Shares
Issued during year
6,092
2,039
111
.
Forfeited during year
Matured during year
Shares in force
Shares now pledged
....
New series
issued in
00
83
00
00
63
77
96
50
59
certifi-
cates
Dividends on paid-up share
Withdrawn during year
III.
800
23,261
7,193
Members
Members who
Holders
of:
— are borrowers
....
Unmatured shares
Matured share certificates
Paid-up share
certificates
May, November.
.
.
.
...
.
.
.
2,063
653
1,973
176
53
Profits Distributed
Unmatured Shares
First term, 3V{6%
;
second term, 3 7/f6 %-
Matured Share
First term,
2%%;
Certificates
second term,
2%%.
Paid-up Share Certificates
First term, 23^%; second term, 2%%.
Proportion of profits retained on voluntary withdrawals, 10%.
610
Rates and Averages on Loans
average rate, 7.30%) 5J^%, $52,200; 5%%, $8,250; 6%, $248,150;
634%, $45,750; 63^%, $104,900; 6%%, $66,950; 7%, ,,129,600; 734%, $48,300; 7^%, $85,300;
7H%, $72,350; 8%, $70,900; 834%, $65,500; 8^%, $50,850; 8%%, $21,050; 9%, $38,300; 934%,
$31,950; 9J^%, $38,100; 9%%, $21,150; 10%, $28,650; 1034%, $15,100; 103^%, $2,900; 10M%,
real estate loans (average, $2,044 each;
:
$500.
5^%, $950; 6%, $2,850; 63^%, $300; 6M%,
$950; 7^%, $500; 7%%. $4,050; 8%, $2,800; 834%, $1,650; 8%%, $150; 9%, $1,650;
$400; 9K%, $900; 9%%. $1,000; 10%, $200; 1034%, $1,650; 103^%, $200.
49 share loans (average, $420 each; average rate, 7.98%):
$400;
934%,
7%,
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$3,169.00
2.23
$509 76
Advert ismg
$137 50
10
.36
Other
Expenses
$2,644.54
1.85
Total
$6,460.80
4.54
SAUGUS — SAUGUS CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Town Hall, Saugus; Office of F. H. Griswold,
Winter Street, East Saugus)
Incorporated
Thomas
March
31, 1911.
Eegan business
May
10,
Horace C. Ramsdell,
P. Parsons, President
uri
1911
Treasurer
Board of Directors: J. B. Allen*, J. G. Bryer, H. W. Dyer, A. D. Hitchings, G. I. Hull, G. L. Little, W. L. C.
Niles, K. L. Norris, T. P. Parsons, H. A. B. Peckham, J. A. Raddin*, H. C. Ramsdell, C. H. Stocker*,
A. L. Waitt, John Walkey*, D. B. Willis*.
Regular meeting for receipt of moneys the second Wednesday of each month.
* Security Committee.
145
>.D. 8, Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
iOans on real estate
;oans on shares
tends and notes
!,eal estate by foreclosure, etc.
Inpaid interest
'urniture and fixtures
Qsurance and taxes paid
•vers and shorts
)ue from trust companies and
tional banks
Dues
$676,850 00
7,887 00
4,000 00
4,302 59
1,636 75
439 17
32 21
43 30
.
.
capital
Profits capital
.
.
.
.
.
.
Matured share
certificates
certificates
Paid-up share
Forfeited share account
Guaranty fund
.
Surplus
.
.
.
.
Due on uncompleted
cates
.
cates
.
certifi-
.
4,460 58
.
.
.
82
.
.
Dividends on matured share
23,744 05
6,071
2,251
5,515
loans
Security committee
certifi.
.
1,480 00
.
$718,935 07
$718,935 07
Membership
Serial Shares
....
....
....
Withdrawn during year
'orfeited during year
latured during year
hares in force
hares now pledged
Few series issued in
.
.
.
.
.
.
.
.
.
.
.
.
.
00
27
00
00
00
92
30
00
00
$389,660
70,371
179,800
59,200
43
.
Dividends on paid-up share
ssued during year
1927
Liabilities
Assets
.
13,
....
—
Members
Members who
2,193
1,171
4
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
216
8,880
3,702
of:
Paid-up share
947
251
819
137
47
certificates
May, November.
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, 2$i%\ second term, 2%%.
Paid-up Share
First term,
roportion of profits retained on voluntary withdrawals,
none.
'
t
2
25%
on
Certificates
23^%; second term, 2J^%.
series less
than 2 years old; after 2 years,
Rates and Averages on Loans
average rate, 6%): 6%, $676,850.
$303 each; average rate, 6%): 6%, $7,887.
real estate loans (average, $2,796 each;
26 share loans (average,
Total Expenses for Year
Salaries
mount paid
$1,200.00
1.67
for
ost per $1,000 of assets
.
Rent
Advertising
$460.52
$179.07
.64
.25
Other
Expenses
Total
$1,068.55
1.49
2,908.14
4.05
SHARON — SHARON CO-OPERATIVE BANK
)ther authorized locations for receipt of moneys: National Shawmut
Street and 148 State Street, Boston)
Incorporated January
hn
J.
19, 1912.
Bank
Began business February
Rafter, President
12,
of Boston, 179
Summer
1912
Nathaniel Wheeler, Treasurer
W.
B. Brigham, F. V. Brittain*, W. E. Clark, W. G. Darrow, G. A. Dennett, J. P. Eaton,
J. R. Gillespie*, George Hall*, C. N. Merrill, H. F. Nelson, R. L. Pollard, T. F. Quinn, J. J. Rafter, G. A.
Stetson, Rudolf Stolar, J. S. Stressenger, A. H. Urann, A. E. Wright.
mrd of Directors:
Regular meeting for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
ans on matured share certificates
ans on paid-up share certificates
xniture and fixtures
mporary expense account
ians
>ans
epaid interest
from trust companies and na
banks
,sh and cash items
$744,575 00
8,441 00
2,017 00
100 00
15 00
841 76
637 95
le
tional
17, 1927
Liabilities
Dues capital
Profits capital
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Guaranty fund
Surplus
10,531 16
225 16
Interest
24,569 97
119 19
Fines
Transfer fees
Withdrawal
profits
Bills payable for money
Due on uncompleted
Security committee
$781,316 87
* Security Committee.
00
82
00
00
26
8,031 95
9,387 53
$380,787
52,888
235,000
42,400
168
borrowed
loans
1 00
236 49
32,000 00
9,552 50
107 00
$781,316 87
—
146
P.D.
Issued during year
....
....
....
.....
....
.
.
.
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New
February, May,
series issued in
.
2,693
1,950
25
135
10,616
4,204
August, No-
Members
Members who
Holders
III.
of:
923
240
are borrowers
•
Unmatured shares
Matured share certificates
Paid-up share
vember.
808
213
37
certificates
Profits Distributed
First term,
1M%;
Unmatured Shares
second term, 1J^%; third term,
1^%;
IV2 %.
fourth term,
Matured Share
First term,
Wz%\
Certificates
iy$%; second term, \Y%%;
Paid-up Share
1M%;
Proportion of profits retained on voluntary withdrawals,
none.
25%
Certificates
1H%.
fourth term,
on
series less
third term,
1%%.
fourth term,
First term, \\i%', second term,
209
Part
Membership
Serial Shares
Withdrawn during year
8,
1M%;
third term,
than 5 years old; after 5 years,
Rates and Averages on Loans
average rate, 6.24%): 6%, $142,750; 6 3 /io%, $601,825.
$272 each; average rate, 6.28%): 6%, $400; 6 3 /io%, $8,041.
real estate loans (average, $3,562 each;
31 share loans (average,
4 loans on matured share certificates: 6 3 /io%, $2,017.
1 loan on paid-up share certificates : 6%, $100.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
2,037.50
$421.01
$137.80
2.61
.54
.17
Other
Expenses
$612.10
Total
3,208.41
4.11
.79
SHIRLEY — SHIRLEY CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Residence of Walter G. Phelps, Littleton;.
Office of Hollingsworth & Vose, West Groton; Room 8, Savings Bank Building, Ayer)
Incorporated December 27, 1907.
Began business January
1,
1908
Frederick H. Fowler, Treasurer
D. Chester Parsons, President
Board of Directors: G. W. Balch, G. F. Buxton, Michael Cotter, J. W. Desmond, F. H. Fowler*, R. G. Hillman, Walter Knowles, E. N. Livermore*, H. H. Lynch, T. F. Mullen, D. C. Parsons, W. G. Phelps,
J.
T. Smith,
J.
M.
Stevenson*.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
13, 1927
Liabilities
....
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Temporary expense account
Due from trust companies and national banks
Cash and cash items
.
$182,260 00
6,705 00
1,250 00
383 23
524 90
3,234 29
....
....
Dues capital
Profits capital
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
Interest
Fines
.....
.
.
Withdrawal profits
Due on uncompleted loans
Security committee
$194,357 42
* Security Committee.
$120,346 00
19,194 45
30,200 00
18,600 00
2,341 08
1,696 42
932 26
29 22
10 85
1,000 00
7 14
$194,357 42
P.D.
8,
147
Part III.
Membership
Serial Shares
ssued during year
iVithdrawn during year
Matured during year
Members
Members who
754
549
29
.
.
Holders
—
of:
412
are borrowers
Unmatured shares
Matured share certificates
2,970
Shares in force
1,094
Shares now pledged
*Jew series issued in January, April, July, October.
144
....
...
.
.
.
377
46
24
...
Paid-up share certificates
Profits Distributed
Unmatured Shares
1M%;
second term,
fourth term, 1M%-
First term,
1M%;
1%%;
Matured and Paid-up Share
Certificates
First term,
134%; second term, 1J^%;
1M%;
1K%-
fourth term,
third term,
third term,
Proportion of profits retained on voluntary withdrawals, 10%.
>6
Rates and Averages on Loans
average rate, 5.98%): 5%, $1,300; 6%, $180,960.
$231 each; average rate, 6%): 6%, $6,705.
real estate loans (average, $1,899 each;
W
share loans (average,
loan on paid-up share certificates:
6%,
$1,250.
Total Expenses for Year
Lmount paid
for
^ost per $1,000 of assets
.
Salaries
Rent
Advertising
$712.84
3.67
$245.00
1.26
$78.50
Other
Expenses
$287.12
1.48
,40
Total
$1,323.46
6.81
SOMERVILLE — CENTRAL CO-OPERATIVE BANK
—
Other authorized locations for receipt of moneys: Branch Somerville Trust Company, 338 Broadway and School Street; Somerville National Bank, 15 Bow Street, Somerville)
Incorporated January
Charles E.
15, 1915.
Began business February
1915
1,
John
Mongan, President
J,
McCarthy, Treasurer
F. Bennett, Jr., J. H. Brine, J. W. Campbell, W. E. Cotter*, M. H. Dewire, J. E. Donovan, J. H. Kelley, T. F. Kennefick, M. T. Kennedy*, J. T. Kiley, J. E. Locatelli, A. B. Mahoney, J, F.
McCarthy*, J. J. McCarthy*, J. F. McGann, M. J. McGuire, C. E. Mongan*, J. J. Murphy, J. L. Murphy,
J. P. Phillips, K. C. Ringer, F. F. Rogers, M. J. Ryan, W. J. Shanahan.
'oard of Directors:
W.
Regular meeting for receipt of moneys the fourth
Monday
of each
month,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
,oans
loans
on real estate
on shares
oans on matured share certificates
npaid interest
npaid fines
....
r
urniture and fixtures
»ue from trust companies and na
banks
ash and cash items
00
00
00
63
455 22
679 66
$908,100
26,250
2,890
3,324
....
Dues capital
Profits capital
Matured share
Paid-up
certificates
share certificates
.
.
.
.
Forfeited share account
.
.
.
Guaranty fund
.
.
.
.
Surplus
67,803 83
12,382 13
tional
24, 1927
Liabilities
Due on uncompleted
.
Dividends on matured share
.
4,951 52
Dividends on paid-up share
certifi-
635 00
cates
$1,021,885 47
$1,021,885 47
Membership
Serial Shares
iares in force
aares
ew
i
now pledged
series issued in
15
certifi-
cates
sued during year
'ithdrawn during year
Drfeited during year
Matured during year
00
62
00
00
80
34
00
25 04
...
loans
Security committee
$488,980
94,887
351,200
50,800
790
7,673
2,798
19,144
6,000
2,635
18
2,108
13,240
5,466
Members
Members who
Holders
of:
1,253
— are borrowers
....
.
Unmatured shares
Matured share certificates
Paid-up share
.
...
.
certificates
February, May, August, No-
vember.
.
.
.
278
1,079
323
33
Profits Distributed
Unmatured Shares and Matured Share Certificates
First term, l 7/f6 %; second term, V/^%; third term,
1*4%; fourth term, V/fc%.
Paid-up Share
First term,
1M%;
Certificates
\\i%\ second term, 1JcC%;
fourth term,
third term,
1%%.
•oportion of profits retained on voluntary withdrawals, 20% on series less than 6 years old; 15% on series
from 6 to 7 years old; 10% on series from 7 to 8 years old;
on series from 8 to 9 years old; after
9 years, none.
5%
* Security
Committee.
148
187
P.D.
Part
8,
III.
Rates and Averages on Loans
average rate, 6.33%): 5*4%, $11,650; 6%, $276,750; 6}4%.
real estate loans (average, $4,856 each;
$619,700.
87 share loans (average, $302 each; average rate, 6.45%): 5J^%, $30; 6%, $2,610; 63^%, $23,610.
4 loans on matured share certificates: 6^2%, $2,890.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$4,439 62
$767.54
$468.90
4.34
.75
.46
.
SOMERVILLE
— SOMERVILLE
Other
Expenses
Total
$1,603.79
1.57
r,279.85
7.12
CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Somerville Trust Company Branch, 338 Broadway, Winter Hill; Atlantic National Bank, 41 Bedford Street, Boston)
Incorporated
J.
May
4, 1880.
Began business June
1880
7,
Frank Wellington, President
Daniel
S.
Farnum, Treasurer
Etta F. Smith, Assistant Treasurer
Board of Directors: A. W. Blake, E. P. Carr, O. W. Codding, L. M. Conwell, D. S. Farnum, C. I. Horton,
L. A. Penney*, J. S. Pike, R. W. Place, S. T. Richards, C. A. Slager*. F. W. K. Smith, W. W. Snow,
I. B. Walker*, J. M. Webster, J. F. Wellington, H. E. Wemyss, B. T. Williston.
Regular meeting for receipt of moneys the
Monday
first
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Due from
....
.....
....
tional
trust companies
.
$2,014,100 00
77,370 00
971 30
46 99
and na-
banks
Cash and cash items
1927
Liabilities
Loans on real estate
Loans on shares
Temporary expense account
Suspense
4,
.
Dues capital
Profits capital
.
Matured share
r
$1,599,678 00
352,028 45
122,800 00
310 34
45,800 00
14,647 51
8,475 45
200 12
certificates
Forfeited share account
....
....
.
Guaranty fund
77,466 76
1,977 76
Surplus
Interest
Fines
Transfer fees
.
.
.
.
1
Withdrawal
profits
Bills payable for money
Due on uncompleted
139
25,000
2,800
52
borrowed
loans
Security committee
$2,171,932 81
$2,171,932 81
Membership
Serial Shares
Issued during year
Withdrawn during year
.
6,330
4,356
Forfeited during year
20
Matured during year
1,074
....
29,902
12,981
series issued in January, April, July, October.
Shares in force
Shares now pledged
New
00
94
00
00
00
.....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
.
2,508
1,048
.
2,468
107
Profits Distributed
Unmatured Shares
V/^%\ third term,
First term, l 7/f6 %; second term,
1^%.
V4t%\ fourth term,
Matured Share
Certificates
First term,
1M%". second term, 1M%'»
1M%;
1M%-
fourth term,
third term,
Proportion of profits retained on voluntary withdrawals, on series less than 4 years old, Yi last dividend; on
series from 4 to 8 years old, J-6 last dividend; after 8 years, none.
Rates and Averages on Loans
$2,693 each; average rate, 5.94%): 5%, $108,200; 53^%, $7,900;
301 share loans (average, $257 each; average rate, 5.98%): 5%, $1,420; 6%, $75,950.
748 real
estate loans (average,
6%,
$1,898,000.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
.
$5,825.03
2.68
Rent
Advertising
Other
Expenses
$1,558.09
$779 68
$1,847.19
.72
.36
.85
* Security Committee.
.
Total
$10,009.99
4.61
P.D.
8,
149
Part III.
SOMERVILLE — WEST SOMERVILLE CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 1136 Broadway, Teele Square, Somerville;
157 Boston Avenue, Ball Square, Somerville; 310 Broadway, Somerville)
Incorporated
November
Began business December
29, 1890.
11,
1890
Winsor L. Snow, Treasurer
Fred F. Stockwell, President
Annie M. Duran, Assistant Treasurer
Board of Directors: Z. E. Cliff, W. H. Dolben, F. S. Emery, H. C. Fallis*. F. A. P. Fiske, F. H. Foster, J. W. F.
Hobbs, C. R. Horton, W. A. Jackson, J. W. Jones, H. P. Knight, C. H. Liverpool, E. D. Lacount, W. C.
Mentzer, F. E. Moore, W. H. Peak, G. R. Reed, W. N. Robbins*. E. A. Shaw, R. M. Smith, W. L. Snow*,
F. F. Stockwell, J. F. Terry, G. E. Wardrobe.
Monday
Regular meeting for receipt of moneys the third
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
....
....
....
.....
....
Loans
Loans
Loans
Loans
17, 1927
on real estate
on shares
on matured share certificates
on paid-up share certificates
Bonds and notes
Banking house
Dues
$3,030,850 00
68,920 00
7,480 CO
1,600 00
103,687 50
25,000 00
2,245 47
124 05
256 99
.
.
Temporary expense account
Insurance and taxes paid
Other assets
Due from trust companies and national banks
$1,973,571
418,267
551,600
322,200
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Guaranty fund
37,416
18,031
26,590
619
6
1,162
19,100
119
2,705
Surplus
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
Security committee
Reserve for permanent expense
100,437 15
31,476 17
Cash and cash items
00
84
00
00
687 83
capital
Profits capital
$3,372,077 33
Membership
Issued during year
....
Matured during year
Shares in force
Shares now pledged
New
series issued in
....
—
Members
Members who
11,184
6,745
108
1,976
40,526
17,963
.
Forfeited during year
.
11
50
56
24
50
37
$3,372,077 33
Serial Shares
Withdrawn during year
15
03
20
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders of
:
Paid-up share
3,210
832
3,068
407
289
certificates
March, June, September, De-
cember.
Profits Distributed
Unmatured Shares
V/^%; second term, V4&%;
F/6%; fourth term, V/^%.
First term,
Matured andPaid-up Share
First term,
1X%;
1M%;
second term,
fourth term,
1K%.
third term,
Certificates
\
A%\
X
third term,
Proportion of profits retained on voluntary withdrawals, one-sixth.
Rates and Averages on Loans
681 real
estate loans (average,
$4,451 each; average rate, 6.10%):
6^%, $699,050.
332 share loans (average, $208 each; average rate, 6%):
22 loans on matured share certificates: 6%, $7,480.
6 loans on paid-up share certificates: 6%, $1,600.
6%,
5%,
$1,500;
514%, $102,900; 6%, $2,227,400;
$68,920.
Total Expenses for Year
Rent
Salaries
A.mount paid for
.
Cost per $1,000 of assets
SOMERVILLE
Advertising
Other
Expenses
5,980.41
$1,992.03
$882.86
$2,699.14
2.66
.59
.26
.80
— WINTER
Total
$14,554.44
4.31
HILL CO-OPERATIVE BANK
Other authorized locations for receipt of moneys: 1164 Broadway, West Somerville; Highland
Trust Company, Union Square and Davis Square, Somerville)
Incorporated
May
8,
1906.
Began business June
13,
1906
Ray R.
leorge S. Lovejoy, President
Rideout, Treasurer
Harriett A. Osborne, Assistant Treasurer
ioard of Directors: J. B. Adams, J. M. Andrews*, R. T. Berry, G. G. Brayley*, J. A. Breen, J. L. Carter,
A. L. Durgin, B. F. Freeman, H. E. Frost, H. B. Gerrish, C. C. Grimmons, Thomas Gullion, J. A. Kiley,
R. M. Lavender, W. F. Lewis, G. S. Lovejoy, A. W. Morrill, C. N. Page, N. P. Reed, S. M. Rich, R. R.
Rideout*, A. E. Sargent, C. L. Shea*.
Regular meeting for receipt of moneys the second Wednesday of each month.
* Security Committee.
P.D.
150
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
Furniture and fixtures
,907,447 04
91,315 00
21,000 00
1,120 00
4,304 00
7,553 53
111 36
4,336 80
15 19
Temporary expense account
Insurance and taxes paid
Due from
tional
,
trust companies
13,
and na
banks
Cash and cash items
....
Dues capital
Profits capital
Matured share
Paid-up share
certificates
certificates
Forfeited share account
Matured share account
923
4,329
105,445
104,196
107,706
2,129
12
1,488
300,000
82,490
Guaranty fund
Surplus
Interest
Fines
Transfer fees
Withdrawal
profits
payable for money borrowed
Due on uncompleted loans
Security committee
Bills
Personal accounts
Fire insurance
Suspense
387
6
1,643
....
.
38
Membership
Serial Shares
Issued during year
34,004
17,229
.
Forfeited during year
83
Matured during year
6,646
101,689
52,772
....
New
series issued in
00
96
00
00
28
84
00
24
49
31
00
58
00
26
00
33
00
00
$10,207,063 29
$10,207,063 29
Shares in force
Shares now pledged
1927
$4,644,238
1,956,429
3,553,400
242,200
.
168,122 19
1,738 18
Withdrawn during year
Part III.
Liabilities
Loans
Loans
Loans
Loans
Discount
Overs and shorts
8,
.
.....
Members
Members who
Holders
of:
— are borrowers
.
Unmatured shares
Matured share certificates
Paid-up share
8,676
2,241
6,972
2,482
171
.
certificates
March, June, September, De-
cember.
Profits Distributed
Unmatured Shares and Matured Share Certificates
X
second term, 1J^%; third term,
First term, \ A%;
\y2 %;
1H%.
fourth term,
Paid-up Share
First term,
1%%;
Proportion of profits retained on voluntary withdrawals,
none.
1,972 real estate loans (average,
$9,702,162.
series less
\x
/i%\
third term,
1H%.
fourth term,
25% on
Certificates
l\i%; second term,
than 6 years old; after 6 years,
Rates and Averages on Loans
average rate, 6.49%): 514%, $54,900; 6%, $150,385; 6J^%
,024 each;
412 share loans (average, $222 each; average rate, 6^%): 63^%, $91,315
54 loans on matured share certificates: 63^%, $21,000.
3 loans on paid-up share certificates: 6J^%, $1,120.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
23,474.42
.
2.30
Advertising
2,533.50
.25
$3,628.67
.36
Other
Expenses
$12,869.51
1.26
Total
$42,506.10
4.17
SOUTHBRIDGE — SOUTHBRIDGE CO-OPERATIVE BANK
Incorporated March
8,
1910.
Began business April
7,
1910
Edward D.
Felix Gatineau, President
Desrosier, Treasurer
Ernest A. Desrosier, Assistant Treasurer
Antome
J. L. Berthiaume, F. A. Bouvier, L. A. Caron, M. B. Clemence, E. D. Desrosier*,
Duplessis, J. C. Gabree*, F. A. Gatineau, Ronaldo Guilmette, J. V. Laughnane, David Lenti*, Joseph
Metras*, H. B. Montague, Elzebert Ouellette, A. J. Peloquin, H. J. Tetreault.
Board of Directors:
Regular meeting for receipt of moneys the
first
Thursday
* Security Committee.
of
each month.
—
P.D.
8,
Part
151
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
6,
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Due from trust companies and national banks
....
Dues
Matured share
certificates
certificates
Paid-up share
Forfeited share account
.
Guaranty fund
Surplus
20,822 53
00
79
00
00
00
39
$497,751
89,705
203,600
89,800
15
11,936
4,942
5,155
130
capital
Profits capital
$846,025 00
34,810 00
660 00
1,600 00
170 91
....
19
73
35
75
16 74
1,000 00
34 50
Interest
Fines
Transfer fees
.
Withdrawal profits
Due on uncompleted loans
Security committee
$904,088 44
$904,088 44
Membership
Serial Shares
Issued during year
....
Members
Members who
2,593
1,671
Withdrawn during year
are borrowers
.
Unmatured shares
Matured share certificates
,
Holders
86
326
Retired during year
Matured during year
Shares in force
Shares now pledged
New
1927
Liabilities
Assets
12,284
5,291
1,140
352
of:
Paid-up share
1,067
178
79
certificates
series issued in April, October.
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
2%%.
Matured and Paid-up Share
Certificates
2Y2 %\
second term, 23^%.
on series less than 4 years old; 20% on series
First term,
Proportion of profits retained on voluntary withdrawals, 25%
from 4 to 6 years old; after 6 years, none.
Rates and Averages on Loans
264 real estate loans (average, $3,205 each; average rate, 6%): 6%, $846,025.
88 share loans (average, $394 each; average rate, 6%): 6%, $34,810.
8 loans on matured share certificates: 6%, $660.
2 loans on paid-up share certificates: 6%, $1,600.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
.
SPRINGFIELD
52,111.94
$229.25
2.33
.25
— HAMPDEN
Incorporated July 21, 1919.
Henry W. Lloyd,
Other
Expenses
$813.18
Advertising
Total
$3,154.37
3.48
.90
CO-OPERATIVE BANK
Began business September
3,
1919
Harry R. King, Treasurer
President
Board of Directors: Frank Auchter, H. A. Bellows*, E. E. Bohner, B. L. Bragg, Jr., R. A. Clark, R. S. Clark,
A. E. Emerson, L. P. Fletcher*, Parmly Hanford, J. R. Hunt, H. R. King*, H. W. Lloyd*, T. K. McAllister, E. L. McCracken, T. E. Morris, E. S. Munson, F. L. H. Sjostrom, L. J. Stewart, W. K. Tuohey,
W. J. Wilson.
Regular meeting for receipt of moneys the
Wednesday
first
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
oans on real estate
Loans on shares
Loans on paid-up share
Real estate
by
certificates
foreclosure, etc.
iremporary expense account
Due from trust companies and naitional
banks
$438,500 00
32,151 00
250 00
7,112 10
850 64
5,923 11
....
....
....
Dues capital
Profits capital
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
.
.....
Interest
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Security committee
Overs and shorts
.
1927
* Security
00
90
00
88
5,506 83
$364,733
53,763
48,600
96
4,996 61
2,929 90
96 99
1 00
197 74
3,710 00
150 00
4 00
$484,786 85
$484,786 85
i
5,
Liabilities
Committee
.
152
P.D.
Issued during year
2,271
1,460
Withdrawn during year
Forfeited during year
92
Shares in force
Shares now pledged
series issued in
Part
III.
Membership
Serial Shares
New
8,
Members
Members who
Holders
of:
— are borrowers
Paid-up share
.
.
780
59
certificates
March, June, September, De-
cember.
799
221
....
...
Unmatured shares
8,386
3,306
.
Profits Distributed
Unmatured Shares and Paid-up Share Certificates
First term, 1J4%'> second term, 134%; third term,
1
H%
;
fourth term,
1
M%
Proportion of profits retained on voluntary withdrawals, 50% on series less than
from 1 to 6 years old; after 6 years, none.
year old;
1
25%
on
series
Rates and Averages on Loans
132 real estate loans (average, $3,322 each; average rate, 6%): 6%, $438,500.
88 share loans (average, $365 each; average rate, 6%): 6%, $32,151.
1 loan on paid-up share certificates: 6%, $250.
Total Expenses for Year
Rent
Salaries
Amount
$531.92
1.10
$2,400.00
4.95
paid for
Cost per $1,000 of assets
.
SPRINGFIELD
— HIGHLAND
$317.83
Other
Expenses
$771.03
.65
1.59
Advertising
Total
$4,020.78
8.29
CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 36
Oak
Street, Indian Orchard;
12
Pynchon
Street, Springfield)
Incorporated June
12, 1920.
Began business July
6,
1920
Herman
Walter L. Spaulding, President
C. Heiden, Treasurer
Board of Directors: L. E. Bauer, E. W. Carman, W. H. Daggett, B. E. Dibble, H. I. Dumas, C. H. Gardner,
W. W. Gumble*. H. C. Heiden*, C. R. Hutchinson, W. K. Kaynor, D. M. Ladd, W. J. MacMartin, J. R.
Morrissey, J. S. Nelson, J. H. Paradis, C. L. Richards, Carlos Ruggles, Jr., W. J. Schlatter*, W. L. Spaulding, F. N. Wheeler.
Regular meeting for receipt of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
Loans on real estate
Loans on shares
.
.
.
$228,850 00
15,340 00
148 31
.
9,785 33
1,435 36
.
Temporary expense account
Due from trust companies and na.
banks
Cash and cash items
tional
.
3,
1927
Liabilities
.
Dues
capital
Profits capital
$194,502
26,318
25,400
394
2,026
.
Paid-up share
certificates
Forfeited share account
Guaranty fund
Surplus
1,957
Interest
987
Premiums
104
36
Fines
Withdrawal
Due on uncompleted loans
Security committee
profits
6
3,815
10
$255,559 00
Issued during year
Forfeited during year
Shares in force
Shares now pledged
New
series issued in
16
00
94
63
78
04
00
80
65
00
00
$255,559 00
Membership
Serial Shares
1,401
Withdrawn during year
00
777
8
......
Members
Members who
Holders of
:
— are borrowers
Unmatured
5,123
1,735
shares
Paid-up share
529
124
....
.
516
33
certificates
January, April, July, October
Profits Distributed
Unmatured Shares and Paid-up Share Certificates
First term, 134%; second term, 1M%! third term,
1M%; iourth term, 134%.
Proportion of profits retained on voluntary withdrawals,
none.
100% on
* Security Committee.
series less
than
1
year old; after
1
year,
P.D.
8,
153
Part III.
Rates and Averages on Loans
$3,093 each; average rate, 6%): 6%, $228,850.
62 share loans (average, $295 each; average rate, 6%): 6%, $15,340.
74 real
estate loans (average,
Total Expenses for Year
Rent
Salaries
Amount paid
Cost
$1,510.00
5.90
for
per $1,000 of assets
.
— SPRINGFIELD
SPRINGFIELD
41
$241.63
2.58
.95
Total
2,812.04
.
11.00
CO-OPERATIVE BANK
May
Began business
Incorporated April 13, 1882.
H. W.
Other
Expenses
$402 00
1.57
Advertising
9,
1882
A. C. Wentworth, Treasurer
Board of Directors: Charles Adams*, W. D. Bigelow*, E. A. Hall*, H. L. Hines, H. B. Hopson, A. L. Janes,
H. W. Morrill, W. E. Parsons*, A. B. Sanderson, H. A. Sanderson, A. C. Wentworth*, D. R. Winter*.
Morrill, President
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
....
....
.....
....
on real estate
on shares
on matured share certificates
on paid-up share certificates
Bonds and notes
Common form mortgages
Real estate by foreclosure, etc.
Banking house
Unpaid interest
Unpaid fines
Due from trust companies and national banks
Cash and cash items
Loans
Loans
Loans
Loans
11,
1927
Liabilities
.
.
.
Dues capital
Profits capital
$3 379,875 00
108,130 00
12,065 00
1,335 00
15,000 00
13,134 00
27,676 87
125,000 00
15,876 24
1,490 67
00
57
00
00
85
27
06
00
69
30 55
$2,124,978
387,968
1,000,000
283,600
1,082
84,879
116,205
5,500
2,041
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
.
Guaranty fund
Surplus
Due on uncompleted
Personal accounts
loans
.
Overs and shorts
Dividends on matured share
.
330,735 56
7,655 08
certifi
cates
24,597 43
Dividends on paid-up share
certifi
cates
7,090 00
$4,037,973 42
$4,037,973 42
Membership
Serial Shares
issued during year
Withdrawn during year
.
forfeited during year
....
shares in force
;i5hares
1,525
44,883
21,244
now pledged
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders of
430
Matured during year
......
—
Members
Members who
9,707
6,659
:
4,151
1,304
....
Paid-up share
3,566
819
265
certificates
i^ew series issued in May, November.
Profits Distributed
Unmatured Shares and Matured and Paid-up Share
Certificates
First term,
2Y2 %\
second term, 2*^%.
'roportion of profits retained on voluntary withdrawals, 100% on series less than 1 year old;
from 1 to 8 years old; after 8 years, none.
10% on
series
Rates and Averages on Loans
61 real estate loans (average,
,517 each; average rate, 5.97%) 5%, $89,150; 5^%, $1,400;
85 share loans (average, $185 each; average rate, 6%) 5%, $65; 6%, $108,065.
SI loans on matured share certificates: 6%, $12,065
6 loans on paid-up share certificates: 6%, $1,335.
:
6%,
$3,289,325.
Total Expenses for Year
amount paid
for
)ost per $1,000 of assets
.
Salaries
Rent
$9,087.00
2.25
$2,070.72
$94.58
.51
.02
Advertising
Other
Expenses
$12,539.95
3.11
Total
$23,792.25
5.89
STONEHAM — STONEHAM CO-OPERATIVE BANK
Incorporated January
10, 1887.
Began business February
1,
1887
Baldwin, President
Frank J. Howell, Treasurer
oard of Directors: Charles Baldwin*, G. R. Barnstead, F. H. Berry, Andrew Christensen, E. L. Clark, S. H.
Green*, B. J. Hinds, C. W. Houghton, F. J. Howell, W. A. Leavitt, O. W. Richardson, W. O. Richardson,
W. H. White*, E. L. Young.
!harles
Regular meeting for receipt of moneys the second Tuesday of each month.
* Security
Committee.
154
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
11, 1927
Liabilities
....
....
.....
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Unpaid interest
Unpaid fines
Furniture and fixtures
Due from trust companies and national banks
Cash and cash items
.
.
00
00
00
00
96
369 41
1,054 96
$1,486,300
39,220
6,860
1,760
3,339
43,029 10
2,919 78
.....
....
Dues
capital
Profits capital
$732,081
132,929
507,200
154,400
615
22,354
11,737
5,380
Matured share
certificates
certificates
Paid-up share
....
.....
.....
.....
Forfeited share account
.
Guaranty fund
Surplus
Due on uncompleted loans
Dividends on matured share
cates
Dividends on paid-up share
cates
14,294 75
certifi-
3,860 00
Membership
Issued during year
Forfeited during year
3,917
3,123
10
Matured during year
Shares in force
Shares now pledged
17,285
8,925
.
....
series issued in
51
32
12
79
$1,584,853 21
Serial Shares
New
00
72
00
00
certifi-
$1,584,853 21
Withdrawn during year
Part III.
342
.....
—
Members
Members who
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
of:
Paid-up share
1,713
577
1,437
407
142
certificates
May, November.
Profits Distributed
Unmatured Shares and Matured Share
First term,
2%%;
First term,
23^%; second term, 2J^%.
second term,
Paid-up Share
Certificates
2%%.
Certificates
Proportion of profits retained on voluntary withdrawals, 25% until last term profits amount to
per share on series less than 6 years old; after 6 years, none.
then $1
Rates and Averages on Loans
473 real estate loans (average, $3,142 each; average rate, 6%) 5%, $8,000; 5^%, $14,100; 6%, $1,464,200.
104 share loans (average, $377 each; average rate, 6%): 5^%, $50; 6%, $39,170.
1 4 loans on matured share certificates: 6%, $6,860.
2 loans on paid-up share certificates: 6%, $1,760.
:
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$4,536.97
2.86
$571.24
$316 15
.36
.20
Other
Expenses
$1,020.43
.64
Total
$6,444.79
4.06
STOUGHTON — STOUGHTON CO-OPERATIVE BANK
Incorporated
March
23, 1886.
Began business April
10,
1886
George Monk, President
Board
of Directors: R. S. Blake, F.
Ralph
D. Clapp*, E. E. Curtis, A. L. Holmes*,
McGarvey, George Monk, Cornelius Murphy,
worth, R. P. Swan, R. B. Ward*.
F. C. Phillips,
M.
J. J.
Blake, Treasurer
S.
Kennedy, H. W. Lowe, P.
F. Powers,
W. G.
J.
Pratt, E. B. South-
Regular meeting for receipt of moneys the second Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Due from trust companies and national banks
Cash and cash items
.
.
.
.
8,
1927
Liabilities
L,121,305 00
15,215
1,850
150
1,360
00
00
00
27
Dues capital
Profits capital
.
.
.
.
.
.
Matured share
Paid-up share
certificates
certificates
Matured share account
Guaranty fund
3,996
23,036
9,322
5,470
.
.
29,794 71
9,337 84
Surplus
.
Due on uncompleted
loans
Dividends on matured share
cates
.
.
.
Dividends on paid-up share
cates
$1,179,012 82
* Security Committee.
.
.
.
$657,135
137,078
227,800
107,000
00
36
00
00
40
93
06
54
certifi.
.
5,498 53
certifi.
.
2,675 00
$1,179,012 82
P.D.
8,
Part
155
III.
Membership
Serial Shares
Issued during year.
Withdrawn during year
Matured during year
Shares in force
Shares now pledged
series issued in
Holders
28
404
Forfeited during year
New
Members
Members who
2,690
1,723
.
of:
1,311
—
are borrowers
Unmatured shares
Matured share certificates
,
13,069
6,198
Paid-up share
.
.
.
638
.
.
.
1,167
.
.
.
181
...
certificates
May, November.
96
Profits Distributed
Unmatured Shares
First term,
2%%;
second term, 2]4%-
Matured and Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
25% on
Certificates
2J^%; second term, 2J^%.
First term,
series less
than 5 years old; after 5 years,
Rates and Averages on Loans
596 real estate loans (average, $1,881 each; average rate, 6%): 6%, $1,121,305.
39 share loans (average, $390 each; average rate, 6%): 6%, $15,215.
2 loans on matured share certificates : 6%, $1,850.
1 loan on paid-up share certificates : 6%, $150.
Total Expenses for Year
Amount paid
for
per $1,000 of assets
Cost
.
.
,
Salaries
Rent
Advertising
$4,174.90
3.54
$572.62
$200.19
.48
.17
Other
Expenses
$493.91
Total
5,441.62
4.61
.42
SWAMPSCOTT — SWAMPSCOTT CO-OPERATIVE BANK
Began business September
Incorporated July 21, 1920.
Reuben H.
1920
1,
Joshua
Mitchell, President
Mills, Treasurer
Baldwin, P. E. Bessom*, J. M. Caunt, H. K. Gardiner, Loring Grimes,
C. B. Humphrey, H. M. Kelley, J. W. Libby, H. D. Linscott, Joshua Mills*, R. H. Mitchell, D. F. Nugent,
O. G. Poor, D. B. H. Power, C. E. Rolfe, Joseph Shmishkiss*. C. F. Smith, J. L. Taylor*, C. G. Wood-
Board
of Directors : C. B. Anderson,
H.
S.
bridge*.
Regular meeting for receipt of moneys the
first
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Temporary expense account
Due from trust companies and
tional banks
Cash* and cash items
1927
4,
Liabilities
$382,550 00
13,583 00
380 74
Dues capital
Profits capital
$308,905
45,675
38,200
88
3,974
6,504
4,394
118
71
2,525
8
.
Paid-up share
certificates
Forfeited share account
13,926 22
25 00
Guaranty fund
Surplus
Interest
Fines
.
Withdrawal profits
Due on uncompleted loans
Security committee
$410,464 96
Issued during year
....
....
.....
....
,
Shares in force
Shares now pledged
New
series issued in
19
92
86
54
23
00
00
$410,464 96
Membership
Serial Shares
Withdrawn during year
00
22
00
00
1,269
1,082
6,699
2,252
March, June, September, De-
.....
Members
Members who
Holders
of:
— are borrowers
Unmatured
shares
Paid-up share
.
.
454
118
.
431
29
certificates
cember.
Profits Distributed
Unmatured Shares and Paid-up Share
Certificates
First term,
134%; second term, V/i%\
1H%;
1M%.
fourth term,
third term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
94 real estate loans (average, $4,070 each; average rate, 6.02%): 6%, $375,050; 7%, $7,500.
24 share loans (average, $565 each; average rate, 6%): 6%, $13,583.
Total Expenses for Year
alaries
(Amount paid
I
Cost
for
per $1,000 of assets
.
,497.92
3.65
Rent
Advertising
$608.39
1.48
$38.05
* Security Committee.
.09
Other
Expenses
$363.42
.89
Total
$2,507.78
6.11
156
P.D.
TAUNTON
8,
Part
III.
EAST TAUNTON CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: O'Keefe & O'Keefe, 39 Crocker Building,
Taunton; Harrison K. Dean, Taunton Cotton Mills, East Taunton)
Incorporated November
Began business November
12, 1909.
Arthur E. Robbins, President
15, 1909.
Albert H. Chace, Treasurer
Board of Directors: C. R. Barstow*, A. H. Chace, P. H. Corr, H. K. Dean*, Luther Dean, E. W. Hart, J. C.
Hart, C. E. O'Gara, C. D. Pierce, A. E. Robbins, H. L. White, J. P. Whitters, G. R. Williams, C. E.
Wood.
Regular meeting for receipt of moneys the
Monday on
first
or after the fifteenth of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Unpaid interest
.
Due from
tional
.
trust companies
banks
00
00
53
$287,050
6,620
2,932
20
.
Personal accounts
.
17,
1927
Liabilities
12
and na.
.
.
16,469 35
Dues capital
Profits capital
$158,614
35,367
99,800
7,220
9,345
.
Matured share certificates
Guaranty fund
Surplus
Dividends on matured share
cates
certifi-
2,744 50
.
$313,092 00
$313,092 00
Membership
Serial Shares
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in May, November.
00
41
00
79
30
958
795
5
71
3,269
1,668
....
—
Members
Members who
308
are borrowers
.
136
Unmatured shares
Matured share certificates
.
260
72
Holders
of:
Profits Distributed
Unmatured Shares and Matured Share
First term,
2%%;
second term,
Certificates
2%%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
123 real estate loans (average, $2,334 each; average rate, 6%): 6%, $286,650; 7%, $400.
13 share loans (average, $509 each; average rate, 6%): 6%, $6,620.
Total Expenses
Salaries
Amount
Year
f or
Rent
Advertising
$800.00
2.55
paid for
Cost per $1,000 of assets
.
Other
Expenses
$87.87
-
.28
Total
$887.87
2.83
«
TAUNTON — MECHANICS' CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 3 Taylor Building)
Incorporated September 14, 1877.
Began business September
17,
1877
Arthur R. Knox, Treasurer
Herbert O. Woolley, President
Board of Directors: J. B. Ayers, F. W. Boynton, F. G. Burt, H. H. Culver, N. A. Cushman*, P. F. Francis,
J. M. Hardy*, A. H. Knowles, A. R. Knox, F. R. Knox*, W. A. Rayment, L. J. Schmidt, W. L. Tidd,
J. S. Williams, H. O. Woolley.
Regular meeting for receipt of moneys the Wednesday after the
first
Monday
after the fifteenth of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Loans
Real
on
on
on
on
5,705,610 00
real estate
shares
.
.
.
matured share
certificates
paid-up share certificates
estate by foreclosure, etc.
Banking house
Temporary expense account
Insurance and taxes paid
Personal accounts
.
00
00
00
74
00
1,051 09
77 08
25 20
40,225
16,765
650
25,759
21,000
trust companies and na
banks
Cash and cash items
Dues capital
Profits capital
.
Matured share
certificates
share certificates
Paid-up
Guaranty fund
Surplus
Interest
Fines
Transfer fees
.
Due on uncompleted
Due from
tional
19, 1927
Liabilities
44,148 59
2,748 05
loans
Building income account
Application fees
Overs and shorts
$3,858,059 75
* Security Committee.
.
$1,670,760
343,232
1,560,200
151,400
62,104
45,305
18,348
546
2
5,294
818
42
4
00
89
00
00
43
22
92
43
00
50
91
00
45
$3,858,059 75
?.D.
8,
157
Part III.
Membership
Serial Shares
Members
Members who
10,302
7,953
ssued during year
Withdrawn during year
.
forfeited during year
95
Matured during year
1,348
37,251
shares in force
20,826
shares now pledged
'Jew series issued in January, April, July, October.
— are borrowers
.
.
Unmatured shares
Matured share certificates
.
.
.
Paid-up share certificates
.
.
.
of:
3,370
1,357
....
.
Holders
2,778
1,125
107
Profits Distributed
Unmatured Shares
l 7/f6%;
First term,
l
second term, V/^%', third term,
/6%5 fourth term, V/&%.
7
Matured Share
Certificates
\%%;
second term,
fourth term, 1%%.
First term,
1H%]
Paid-up Share
1M%;
third term,
Certificates
134%; second term,
First term,
1%%;
1M%»
third term,
1M%-
fourth term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
average rate, 5.94%): 5 3 /io%, $151,045; 5J^%, $198,815;
,215 real estate loans (average, $3,050 each;
6%,
$3 355 750
124 share loans (average, $324 each; average rate, 6%): 5J^%, $25; 6%, $40,200.
37 loans on matured share certificates: 5J^%, $700; 6%, $16,065.
1 loan on paid-up share certificates : 6%, $650.
Total Expenses for Year
Salaries
Amount paid
$10,045.80
2.60
for
Dost per $1,000 of assets
.
Rent
Advertising
$420.97
$418.70
Other
Expenses
$1,889.83
.11
.11
.49
Total
$12,775.30
3.31
TAUNTON — OLD COLONY CO-OPERATIVE BANK
Incorporated February
7,
1918.
Began business March
11,
1918
James H. Carney, Treasurer
bseph E. Bostock, President
loard of Directors: L. J. Antine, J. E. Bostock, C. M. Brackett, J. H. Carney, J. P. Corr*, W. J. Dana*, J. J.
Donovan, A. G. Foster, H. J. Hebert, Noah Lemaire, Andrew McGlynn, H. J. McNelly, Gaetano Orsi,
H. M. Poole*, J. T. Sherry, M. C. Silvia, M. F. Silvia, N. L. Stone, J. M. Westgate, W. T. Wordell.
Regular meeting for receipt of moneys the second
Monday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
.
.
.
$120,850 00
9,800 00
50 00
1,554 11
2,162 67
3,070 86
Dues capital
Profits capital
$107,766 00
20,180 79
1,318 54
.
Forfeited share account
Guaranty fund
Surplus
974 51
782 57
Interest
1,288 59
Fines
23 94
2 70
5,000 00
150 00
Withdrawal
profits
Bills payable for money
Other
liabilities
.
borrowed
.
'
.
$137,487 64
$137,487 64
Membership
Serial Shares
ssued during year
1,051
Withdrawn during year
'orfeited during year
....
.
597
25
....
—
Members
Members who
Holders
of:
are borrowers
.
Unmatured shares
hares in force
2,507
hares now pledged
957
jifew series issued in March, June, September, DeI
1927
Liabilities
on real estate
on shares
temporary expense account
uspense
)ue from trust companies and national banks
Pash and cash items
jjoans
ijoans
10,
159
50
159
Profits Distributed
cember.
Unmatured Shares
First term, l 5/f6 %; second term, l 5/f6 %; third term,
l 6/f6
iiroportion of profits retained
on voluntary withdrawals,
%;
25% on
none.
* Security Committee.
fourth term,
series less
1%%.
than 2 years old; after 2 years,
:
158
P.D.
8,
Part
III.
Rates and Averages on Loans
S2 real estate loans (average, $3,777 each; average rate, 6%): 6%, $120,850.
18 share loans (average, $544 each; average rate, 6%): 6%, $9,800.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
$350.00
2.54
$20.00
Other
Expenses
$121 13
88
Advertising
$45 78
33
.14
Total
$536.91
3.89
TAUNTON — TAUNTON CO-OPERATIVE BANK
Incorporated March
6,
Began business March
1880.
17,
Frederick E. Goff, President
1880
Albert C. Francis, Treasurer
Board of Directors: Thomas Baker*, J. F. Barden, H. H. Church, T. W. Dean*, A. C. Francis, J. P. Galligan,
F. E. Goff, Theron Gorham, H. S. Hastings, F. W. Hayman, H. N. Hopkins*, G. A. King, B. C. Pierce,
M.
A. R. White, L.
Witherell.
Regular meeting for receipt of moneys the
first
Tuesday
after the fifteenth of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Real estate by foreclosure, etc.
Unpaid interest
Unpaid fines
Due from trust companies and na tional banks
'Cash and cash items
....
18,
00
00
00
50
96
697 22
$2,501,800
58,500
4,700
21,088
7,575
Dues
1,437,734 00
capital
Profits capital
.
Surplus
Due on uncompleted
loans
Dividends on matured share
27,460 35
19,080 67
cates
00|
25,116 00
$2,640,902 70
Membership
Issued during year
6,633
5,281
172
.
Forfeited during year
Matured during year
Shares in force
Shares now pledged
series issued in
00
77
30
certifi
.
Serial Shares
New
63'
282,357
837,200
30,670
19,324
8,500
Matured share certificates
Guaranty fund
$2,640,902 70
Withdrawn during year
1927
Liabilities
516
31,820
15,506
....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
May, November:
2,528
944:
.
2,1711
623
.
Profits Distributed
Unmatured Shares and Matured Share
First term,
3%; second
Certificates
3%.
term,
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
798 real
estate loans
(average, $3,135 each;
average rate, 5.64%): 5 3 /io%, $73,900;
$2,331,250.
140 share loans (average, $418 each; average rate,
6 loans on matured share certificates : 6%, $4,700.
5^%,
5,650;
6%,
6%): 6%, $58,500.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
$129.12
Other
Expenses
$1,343.45
),219.57
.05
.51
3.49
Salaries
Rent
Advertising
$7,262 00
$485.00
2.75
.18
.
Total
TAUNTON — WEIR CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: District Court Building, Court Street, Taunton)
Incorporated July
11, 1884.
Began business July
16,
1884
Kenneth E. Leonard,
Arthur C. Staples, President
Treasurer
Board of Directors: H. D. Atwell, H. L. Blood*, Harry Carlow, R. W. Chase, Randall Dean, J. M. Fitzgerald*,
G. W. Grigor, A. R. Leonard, K. E. Leonard, J. A. McDonald, C. S. Parker, H. H. Presbrey, J. A. Quigley, A. C. Staples*, E. A. Tetlow, J. G. Williams, H. S. Wood.
Regular meeting for receipt of moneys the sixteenth of each month.
* Security Committee.
P.D.
8,
Part
159
III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
Dues capital
Profits capital
$1,645,950 00
22,000 00
7,150 00
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Temporary expense account
Insurance and taxes paid
Security committee
Due from trust companies and na
tional banks
Cash and cash items
.
.
1927
17,
Matured share
certificates
Paid-up share certificates
Guaranty fund
Surplus
400 00
27,120 65
2,165 67
251 91
59 30
Interest
Fines
Transfer fees
.
Due on uncompleted
23,921 80
Overs and shorts
938 66
00
62
00
00
95
50
44
73
75
00
00
$782,754
133,168
696,000
41,800
28,764
16,898
28,255
258
4
2,049
4
.
loans
,
$1,729,957 99
$1,729,957 99
Membership
Serial Shares
Members
Members who
4,592
2,829
114
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Holders of
1,739
— are borrowers
640
....
Unmatured shares
Matured share certificates
936
18,494
8,882
Shares in force
Shares now pledged
New series issued in January, July.
:
Paid-up share
certificates
.
.
.
1,377
...
.
.
471
31
.
Profits Distributed
Unmatured Shares and Matured Share
First term, 2
First term,
A%;
1
second term,
Certificates
2%%.
Paid-up Share Certificates
second term, 2Y%%.
2H%;
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
53^%, $83,800; 6%,
570 real estate loans (average, $2,887 each; average rate, 5.95%): 5 3 /io%, $52,250;
$1,509,900.
57 share loans (average, $385 each; average rate, 6%): 6%, $22,000.
12 loans on matured share certificates: 6%, $7,150.
1 loan on paid-up share certificates: 6%, $400.
Total Expenses for Year
Amount paid
....
for
Cost per $1,000 of assets
Salaries
Rent
Advertising
$4,409.48
2.55
$180.00
$120.55
.10
.07
Other
Expenses
$1,868.06
1.08
Total
$6,578.09
3.80
TEMPLETON — BALDWINVILLE CO-OPERATIVE BANK
Began business July
Incorporated July 16, 1889.
24, 1889
Elwin L. Thompson, President
Clesson A. Stevens, Treasurer
Board of Directors: W. P. Abbott, A. L. Adams, R. D. Cook, C. A. Fletcher, F. L. Hager, W. P Hawley, C.
W. Nichols, W. E. Norton, W. F Oliver, C. A. Stevens*, B. F. Stuart, T. J. Symons*. E. L. Thompson*,
E. B. Waite, H. P. Wheeler.
.
.
Regular meeting for receipt of moneys the fourth Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
....
Loans on real estate
Loans on shares
Loans on paid-up share certificates
Real estate
by
.
foreclosure, etc.
Temporary expense account
and taxes paid
Due from trust companies and national banks
Cash and cash items
[Insurance
26, 1927
....
Dues capital
Profits capital
$255,550 00
1,140 00
150 00
3,751 70
417 19
57 69
.
.
Matured share
.
certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
.
8,437 42
3,479 31
Interest
Fines
....
Withdrawal
profits
00
80
00
00
413 21
$168,189
34,853
28,200
27,400
6,625 17
2,843 87
4,358 60
35 23
64 43
$272,983 31
$272,983 31
* Security Committee.
<
160
P.D.
Serial Shares
.
are borrowers
.
Unmatured shares
Matured share certificates
.
Holders
12
....
....
—
Members
Members who
482
314
.
III.
Membership
•
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in January, July.
Part
8,
177
3,224
1,396
of:
Paid-up share
422;
164
37Si
24|
certificates
2£
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share
First term,
Proportion of profits retained on voluntary withdrawals,
none.
25% on
2K%;
Certificates
second term, 2J^%.
series less
than 5 years old; after 5 years!
Rates and Averages on Loans
181 real estate loans (average, $1,412 each; average rate, 6.31%): 6%, $95,050;
8 share loans (average, $143 each; average rate, 6.50%): 63^%i $1,140.
1 loan on paid-up share certificates: 6J^%, $150.
6^%,
$160,500.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
$750.00
2.75
.
Other
Expenses
$368.39
Advertising
$150.00
$60.90
.55
.22
Total
$1,329.2!
1.35
4.8
TISBURY -* MARTHA'S VINEYARD CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Edgartown National Bank, Edgartown,
office of Eben D. Bodfish, Oak Bluffs)
Incorporated April 22, 1909.
Henry
May
Began business
14,
am
1909
Roy W. Norton,
L. Peakes, President
Treasure
Board of Directors: E. D. Bodfish, L. E. Briggs, C. J. Darling, A. O. Fischer, A. B. Hillman, H. N. Hinckle-*
S. C. Luce, Jr., W. G. Manter*, O. S. Mayhew, U. E. Mayhew*, Archie Mellen*, R. W. Norton, H. fl
Peakes, L. W. Renear, G. L. Smith.
1
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
1927
Liabilities
....
....
Loans on real estate
Loans on shares
Loans on matured share certificates
Due from trust companies and national banks
.
13,
.
.
"
$440,475 00
2,557 00
500 00
capital
Profits capital
.
Matured share
Paid-up
36,368 13
....
....
.....
Dues
certificates
share certificates
Forfeited share account
.
$233,838
52,023
142,000
27,400
15
c
6,409
12,615
t
Guaranty fund
Surplus
Due on uncompleted
.....
.....
.
cates
.
Dividends on paid-up share
cates
.
.
Shares in force
Shares now pledged
New
series issued in
733
630
4,571
2,295
May, November.
(
I
(
3,905
(
685
(
certifi-
:
Membership
1,745
.
]
$479,900
Serial Shares
Issued during year
(
certifi-
$479,900 13
Withdrawn during year
Matured during year
1
(
800
58
150
loans
Security committee
Other liabilities
Dividends on matured share
C
.....
—
Members
Members who
Holders
of:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
4'
1!
.
31
1
.
certificates
.
Profits Distributed
Unmatured Shares and Matured Share
2%%;
First term,
2J^%; second term, 2}4%-
second term,
Paid-up Share
Certificates
2%%.
First term,
Certificates
Proportion of profits retained on voluntary withdrawals, none.
_
* Security Committee.
P.D.
8,
Part
161
III.
Rates and Averages on Loans
189 real estate loans (average, $2,331 each; average rate, 6.02%): 6%, $429,975;
15 share loans (average, $170 each; average rate, 6%): 6%, $2,557.
2 loans on matured share certificates : 6%, $500.
7%,
$10,500.
Total Expenses for Year
Rent
-
Salaries
Amount paid
$625.00
1.30
for
Cost per $1,000 of assets
.
Advertising
$29.35
Other
Expenses
$621.90
Total
1,276.25
2.65
1.29
.06
WAKEFIELD — WAKEFIELD CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Odd Fellows Lower Hall, 393
Wakefield)
Incorporated January 31, 1887.
Began business March
Main
Street,
1887
5,
Charles E. Walton, Treasurer
Warren B. Wiley, President
Board of Directors: G. W. Bears, A. H. Boardman, Elizabeth E. Boit, E. J. Connelly, H. M. Dolbeare, H. F.
Eaton, Harry Foster, F. S. Hartshorne*, Thomas Hickey, L. M. Howe, C. E. Montague*, J. W. O'Connell, F. A. Seavey, G. E. Smith, G. H. Stout*, W. H. Tay, C. E. Walton, W. B. Wiley*.
Regular meeting for receipt of moneys the
.
first
Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Unpaid interest
Unpaid fines
Insurance and taxes paid
Other assets
Due from trust companies and na
tional banks
Cash and cash items
....
....
00
00
00
79
336 44
19 65
18 32
$1,208,750
32,450
100
2,702
Dues
1927
$909,481
181,210
117,200
4,235
29,961
26,862
2,425
capital
Profits capital
.
Matured share
certificates
Forfeited share account
.
Guaranty fund
Surplus
Due on uncompleted
loans
00
39
00
14
27
47
00
26,672 13
325 94
$1,271,375 27
$1,271,375 27
Membership
Serial Shares
Issued during year
3,089
2,224
54
579
16,353
6,986
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in May,
1,
Liabilities
Members
Members who
.
Holders of
:
.
.
— are borrowers
Unmatured shares
Matured share certificates
November
.
.
.
1,583
559
1,524
.
123
Profits Distributed
Unmatured Shares and Matured Share
Proportion of profits retained on voluntary withdrawals,
Certificates
2^%;
second term, 2)4%.
on series less than 5 years old; after 5 years,
First term,
25%
Rates and Averages on Loans
485 real estate loans (average, $2,492 each; average rate, 5.48%) 5%, $151,100; 5^%, $980,750; 6%, $76,900.
120 share loans (average, $270 each; average rate, 5.58%): 5%, $1,100; 53^%, $24,800; 6%, $6,550.
1 loan on matured share certificates: 5J^%, $100.
:
Total Expenses for Year
Amount paid
for
Cost per $1,000 of assets
.
Salaries
Rent
$3,175.00
$80.00
$433.83
2.50
.06
.34
Advertising
Other
Expenses
$1,305.56
1.03
Total
$4,994.39
3.93
WALPOLE — WALPOLE CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: Multibestos
Company, Walpole; Bird and
Son, Inc., East Walpole)
Incorporated June
11, 1912.
Began business June
Harry A. Whiting, President
14,
1912
Otis J. A. Dionne, Treasurer
Board of Directors: C. E. Barrett, H. M. Bonney, R. K. Bullard, C. W. Bunker, T. M. Connell, O. J. A. Dionne,
W. E. Everett, O. J. Fisher, C. B. Gove*, J. M. Gray, C. E. Hartshorn, W. H. Maguire*. N. L. McCully*,
P. A. Moore, B. D. Rogers, A. W. Smith, H. E. Towne, H. A. Whiting.
Regular meeting for receipt of moneys the second Friday of each month.
* Security Committee.
162
P.D.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Due from trust companies and na-Ltional banks
Cash and cash items
8,
Part III.
14, 1927
Liabilities
$524,320 00
6,290 00
1,400 00
900 00
244 13
....
Dues capital
Profits capital
97 91
44,971
174,600
34,800
5,776
3,735
5,101
Matured share
certificates
share certificates
Paid-up
Guaranty fund
Surplus
7,276 67
^258,896 00
Interest
Fines
....
.....
.
:
97
50
Withdrawal
profits
Bills payable for money
Due on uncompleted
borrowed
10,000
2,500
loans
$540,528 71
$540,528 71
Membership
Serial Shares
Issued during year
1,367
Withdrawn during year
Matured during year
654
272
....
.
.
Shares in force
Shares now pledged
New
series issued in
09
00
00
31
92
79
58
02
00
00
Members
Members who
.
.
Unmatured shares
Matured share certificates
March, June, September, De-
.
.
.
Paid-up share
.
.
of:
598
209
....
.
Holders
6,177
2,708
— are borrowers
certificates
,
53(
124
22
cember.
Profits Distributed
Unmatured Shares
second term, \Yi%; third term,
A%\
First term, \ X
l%%;
fourth term,
iy2 %.
Matured Share
First term, \
iy8 %;
First term,
1H%;
Proportion of profits retained on voluntary withdrawals,
nrmo
none.
A%;
1^%.
1%%;
third term,
Paid-up Share Certificates
second term, 134%; third term,
VA%;
fourth term,
25% on
Certificates
second term,
%
fourth term,
series less
1M%-
than 5 years old; after 5 years,
Rates and Averages on Loans
176 real estate loans (average, $2,979 each; average rate, 6%): 6%, $524,320.
30 share loans (average, $209 each; average rate, 6%): 6%, $6,290.
2 loans on matured share certificates: 6%, $1,400.
1 loan on paid-up share certificates: 6%,
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$600.00
$187.52
$33.25
1.11
.35
.06
Other
Expenses
$296.48
.55
Total
$1,117.25
2.07
WALTHAM — WALTHAM CO-OPERATIVE BANK
Incorporated October
Edward
13, 1880.
Began business October
20,
1880
Earl F. Caswell, Treasure
P. Smith, President
W. P. Bartel, A. S. Batchelder, G. M. Bates, F. H. Bent, John Berrio, E. H.
Bull*, E. F. Caswell, J. E. Cobb, T. I. Curtin, C. W. Durgin, G. A. Fiel, E. L. Folsom, C. F. French,
W. N. Fuller, F. P. Havens, W. E. Peterson, E. P. Smith*, J, L. Totten*.
Board of Directors: H. A. Bacon,
Regular meeting for receipt of moneys the
last
Thursday
* Security Committee.
of each
month.
>.D. 8,
Part III.
163
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
27, 1927
Liabilities
on real estate
on shares
on matured share certificates
on paid-up share certificates
urniture and fixtures
emporary expense account
lsurance and taxes paid
>ue from trust companies and na
tional banks
ash and cash items
oans
oans
oans
oans
6,857,300
91,650
15,250
5,015
16,017
4,978
Dues capital
Profits capital
00
00
00
00
25
$3,501,461
731,829
2,068,800
716,400
.
Matured share
certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
331
111,442
46,053
21,809
81
10
25
09
587 42
2 50
79,225 00
.
39
718 70
Interest
Fines
Transfer fees
321,070 65
700 00
.
Due on uncompleted
loans
Security committee
294 00
Dividends on matured share
cates
.
certifi
25,509 74
.
Dividends on paid-up share
certifi
8,955 00
cates
$7,312,699 99
$7,312,699 99
1
Membership
Serial Shares
sued during year
Ithdrawn during year
Members
Members who
28,268
21,466
.
during year
atured during year
.
38
srfeited
lares in force
lares now pledged
ew series issued in
00
08
00
00
Holders
of:
7,057
2,219
.
— are borrowers
Unmatured shares
Matured share certificates
1,613
79,003
38,355
January, April, July, October.
5,584
1,532
679
Paid-up share certificates
Profits Distributed
First term,
iy2 %;
Unmatured Shares
\Yi%\ second term, 1J^%;
third term,
VA%.
fourth term,
Matured and Paid-up Share
Certificates
A%;
second term, 134%; third term,
fourth term, 1%%.
First term, \ X
1M%;
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
6%): 5%, $1,875; 6%, $6,855,425.
123 real estate loans (average, $3,085 each; average rate,
172 share loans (average, $160 each; average rate, 6%):
42 loans on matured share
20 loans on paid-up share
certificates:
certificates :
6%,
6%,
6%,
$91,650.
$15,250.
$5,015.
Total Expenses for Year
Salaries
nount paid for
»st per $1,000 of assets
.
$17,111.04
2.34
Rent
Advertising
$2,770.89
$1,783.53
.38
.24
Other
Expenses
$11,417.20
1.56
Total
$33,082.66
4.52
WALTHAM — WATCH CITY CO-OPERATIVE BANK
Incorporated
thony
J.
March
25, 1914.
Began business April
Doherty, President
6,
1914
Leonard
J.
Rooney, Treasurer
ard of Directors: Warren Ames, C. G. Chase, C. H. Clark, D. S. Cormier, J. J. Fahy, E. F. Flannery*, T. J.
Flannery, P. L. Flynn, A. W. Gray*, C. H. Green, Philip Hanagan, James Harold, J. S. Hays, F. J. Kelly,
J. J.
Ion,
Leary, J. P. Lewis, Dominic Mangone, E. O. Maxwell, J. A. McCarty, J. P. Morrissey*, T. F. NeeC. L. Reade, L. J. Rooney, J. T. Ryan, W. E. Sawyer*, Lillian Shanley, T. A. Tracey*.
Regular monthly meeting for the receipt of moneys, the
* Security
Committee.
last
Thursday
of each
month.
P.D.
164
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
8,
Part III
27, 1927
Liabilities
....
....
Loans on real estate
Loans on shares
Furniture and fixtures
Temporary expense account
Due from trust companies and national banks
.
.
.
.
.
.
.
.
$252,475 00
1,230 00
314 98
275 16
9,026 97
Dues
capital
Profits capital
$126,325
21,009
75,400
26,800
4,394
207
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
Matured share account
.
....
Interest
Fines
390 82
9 19
2 18
4,600 OC
Withdrawal profits
Due on uncompleted loans
Security committee
Personal accounts
20 oc
7 51
.
Overs and shorts
Dividends on matured share
80 92
.
certifi
854
1/
327
5C
$263,322
11
cates
Dividends on paid-up share
certifi-
cates
$263,322 11
Membership
Serial Shares
Issued during year
1,931
Withdrawn during year
.
Forfeited during year
....
Matured during year
Shares in force
Shares now pledged
New
series issued in
65
00
00
26
31
1,558 54
1,335 06
.
Guaranty fund
Surplus
00
985
70
Members
Members who
Holders
of:
— are borrowers
183
4,187
Unmatured shares
Matured share certificates
1,329
Paid-up share
.
certificates
...
...
.
.
.
.
501
71
45]
.
62,'
January, April, July, October.
Profits Distributed
First term,
1M%;
Unmatured Shares
\\i%; second term, 1M%!
fourth term,
Matured and Paid-up Share
First term,
•
third term
1%%.
Certificates
1M%5
second term, \\i°/o\ third term
1H%', fourth term, 1M%Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
65 real estate loans (average, $3,884 each; average rate, 6%): 6%, $252,475.
10 share loans (average, $123 each; average rate, 6%): 6%, $1,230.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$455.00
1.73
$934.03
3.55
$137.31
.52
Other
Expenses
$382.24
1.45
Total
$1,908.5
7.2
WARE — WARE CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: Office of T. D. Potter
Lumber Companj
Bondsville)
Incorporated March 23, 1920.
Began business April
10,
1920
Flynn R. Person,
Charles B. Wetherby, President
Treasurt
Board of Directors: Cyrille Ballard, E. J. Brannigan*, B. W. Buckley*, L. B. Campbell, L. H. Cummings
W. N. Howard, J. H. Jolliffe, R. G. Livermore, A. F. McBrinn, L. H. Moore, W. N. Newcomb, F. I
Person, J. H. Schoonmaker*, H. W. Sibley*, B. W. Southworth, L.E. St. Onge, J. G. West, C. B. Wethe
by, C. E. Williams, A. H. Wilson, M. C. Wood.
Regular meeting for receipt of moneys the second Friday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
Loans on real estate
Loans on shares
Real estate by foreclosure,
etc.
Temporary expense account
Due from trust companies and nabanks
Cash and cash items
tional
.
14, 1927
Liabilities
$468,030
12,808
4,564
93
00
00
94
33
Dues capital
Profits capital
,270
.
Paid-up share
'
.
certificates
Forfeited share account
Guaranty fund
4,010 60
2,386 37
Surplus
Interest
Fines
.
Withdrawal profits
Due on uncompleted loans
$491,893 24
* Security Committee.
57,408
43,400
841
5,094
11,646
2,509
46
76
2,600
$491,893
C
"
C
£
(j
C
I
(
\D.
8,
165
Part III
Membership
Serial Shares
ssued during year
Withdrawn during year
orfeited during year
Members
Members who
1,149
1,360
.
Holders
84
— are borrowers
of:
....
...
Unmatured shares
7,404
hares in force
2,944
hares now pledged
Few series issued in January, April, July, October.
Paid-up share
788
203
.
.
763
48
certificates
Profits Distributed
«
Unmatured Shares and Paid-up Share
First term, \}/i%\ second term,
1M%; fourth
20% on series
roportion of profits retained on voluntary withdrawals,
none.
third term,
1M%.
term,
less
Certificates
1%%;
than 4 years old; after 4 years,
Rates and Averages on Loans
$2,907 each; average rate, 6%): 6%, $468,030.
share loans (average, $305 each; average rate, 6%): 6%, $12,808.
SI real estate loans (average,
lf.2
Total Expenses for Year
.mount paid for
!ost
.
per $1,000 of assets
Salaries
Rent
Advertising
$919.11
1.87
$240.00
$33.65
.49
.07
Other
Expenses
$165.51
.34
Total
$1,358.27
2.77
WAREHAM — WAREHAM CO-OPERATIVE BANK
Incorporated
May
1,
1918.
Began business June
1,
1918
Edward
ames T. Hennessy, President
C. Bodfish, Treasurer
\oard of Directors: F. B. Barden, J. J. Beaton, E. C. Bodfish*, G. E. Cornwell, T. M. Crocker, J. L. Eldridge,
A. E. Griffin, I. C. Hammond, J. T. Hennessy*, George Lang, F. M. Larchar, J. C. Makepeace, J.
W.
Whitcomb*.
Regular meeting for receipt of moneys the second Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
....
....
joans on real estate
jOans on shares
^emporary expense account
Due from trust companies and national banks
3ash and cash items
.
11, 1927
.
$213,325 00
7,218 00
19 53
....
Dues
capital
Profits capital
Paid-up share
certificates
Forfeited share account
2,158 82
906 13
.
Guaranty fund
Surplus
Interest
....
$162,949
29,344
22,000
216
2,228
4,303
2,458
profits
$223,627 48
$223,627 48
Members! lip
Serial Shares
[ssued during year
Withdrawn during year
Forfeited during year
Shares in force
Shares now pledged
Mew series issued in
71
26
91
09
42 04
25
84 26
Fines
Transfer fees
Withdrawal
00
96
00
413
320
25
Members
Members who
Holders of
:
Unmatured
3,194
1,246
329
106
— are borrowers
shares
Paid-up share
321
18
certificates
March, June, September, De-
cember.
Profits Distributed
Unmatured Shares
First term,
1%%;
1%%;
on voluntary withdrawals,
25% on
second term, 1%%', third term,
fourth term,
First term,
Proportion of profits retained
1%%;
1%%.-
Paid-up Share Certificates
second term, 1%%; third term,
1%%;
fourth term,
series less
1M%-
than 5 years old; after 5 years,
none.
Rates and Averages on Loans
•8
fl
$2,424 each; average rate, 6.91%): 6%, $18,250; 6>£%, $2,000;
share loans (average, $344 each; average rate, 7%): 7%, $7,218.
real estate loans (average,
* Security Committee.
7%,
$193,075.
]
P.D.
166
8,
Part III
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$680.00
3.04
$100.00
$116.00
.45
.51
Other
Expenses
$101.78
Total
$997.7!
.46
4.4(
WATERTOWN — WATERTOWN CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 591 Mt. Auburn Street, Watertown; Atlanti
National Bank, 10 Post Office Square; 88 Summer Street; 41 Bedford Street; 1199 Wash
ington Street; and 238 Huntington Avenue, Boston)
Incorporated June 23, 1888.
Began business June
28, 1888
Ulysses S. Young, Treasure
Pierce L. Fish, President
Lowell A. Warren, Assistant Treasurer
I
Board of Directors: A. W. Belding, F. E. Critchett, Arturo De Filippo*, C. E. Fay, P. L. Fish, A. A. Glidderj
Andrew Hawes*, W. H. Lucas*, J. M. Magurn, W. L. Mayo, B. F. McGlauflin*, W. P. McGuire*. H. W!
Otis, J. F. Tufts, U. S. Young.
Regular meeting
for receipt of
moneys the
last
Thursday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Temporary expense account
Overs and shorts
....
.
Suspense
Due from
trust companies
12,090,350 00
123,995
22,115
5,640
45,000
10,185
74
10,591
00
00
00
00
61
70
71
and na
banks
Cash and cash items
Dues capital
Profits capital
$6,461
1,501
3,064
1,248
8
131
.
Matured share
Paid-up
certificates
share certificates
Matured share account
Guaranty fund
Surplus
32
126
Interest
Fines
396,600 64
1,100 00
tional
27, 1927
Liabilities
2
Withdrawal profits
Due on uncompleted loans
Security committee
125
New
series issued in
I
5
«
5'
7-
6
1
2
0i
Membership
73,320
44,638
11,412
142,543
65,741
Shares in force
Shares now pledged
8
$12,705,652 6
Serial Shares
Issued during year
0!
1 ,398
$12,705,652 66
Withdrawn during year
Matured during year
846
201
800
000
847
699
857
475
505
518
503
March, June, September, De-
.....
—
Members
Members who
Holders of
:
are borrowers
Unmatured shares
Matured share certificates
Paid-up share
10,00^
'
2,92; \
.
8,96
2,35
1,12
.
certificates
,
cember.
Profits Distributed
Unmatured Shares
V/%%; second term, l 7/fo%;
U/i6%; fourth term, V/^%.
First term,
third tern
i«i
Matured and Paid-up Share
First term,
1M%;
1}4%; second term,
fourth term,
Certificates
l%%\
third tern
1M%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
b
2,508 real estate loans (average, $4,820 each; average rate, 6%): 6%, $12,090,350.
580 share loans (average, $213 each; average rate, 6%): 6%, $123,995.
59 loans on matured share certificates : 6%, $22,115.
19 loans on paid-up share certificates : 6%, $5,640.
Total Expenses for Year
$30,456 68
$6,687.82
$4,159.48
Other
Expenses
$8,760.18
2.40
.52
.33
.69
Salaries
Amount
paid for
Cost per $1,000 of assets
.
.
Rent
* Security Committee.
Advertising
Total
$50,064
.
3.£
167
.D. 8, Part III.
WEBSTER — WEBSTER CO-OPERATIVE BANK
W.
(Other authorized location for receipt of moneys:
Incorporated August
2,
1889.
C. Lewis, Southbridge)
Began business August
1889
8,
James P. Bergin, Treasurer
eorge F. Hart, President
Bergin*, James Brennan, E. J. Blaszcak, F. E. Cassidy, J. W. Dobbie, G. F. Hart*,
Kisro, W. C. Klebart, C. W. Kosmaler, J. E. La Bonte, J. P. Love*, Henry Merrett,
James McGeary, H. B. Montague, J. N. O'Kane, H. H. Steinberg, Alexander Wylie.
>ard of Directors: J. P.
W. H. King, August
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Liabilities
>ans on real estate
>ans on shares
jal estate by foreclosure, etc.
,139,380
19,220
4,849
6,200
1,452
1,295
inking house
lrniture
and
fixtures
;mporary expense account
ue from trust companies and
tional banks
ish
13, 1927
00
00
77
00
60
25
Dues capital
Profits capital
$736,118
143,915
139,600
118,200
103
26,560
13,932
17,298
881
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
.
Guaranty fund
Surplus
22,758 86
4,804 46
and cash items
Interest
.
.
Premiums
Fines
Transfer fees
424
Withdrawal profits
Due on uncompleted loans
Security committee
Overs and shorts
163
2,668
95
.
$1,199,960 94
$1,199,960 94
Membership
Serial Shares
sued during year
ithdrawn during year
>rfeited during year
atured during year
2,511
2,105
78
.
....
ares in force
ares now pledged
aw series issued in February,
00
06
00
00
09
04
05
45
90
92
75
48
00
00
20
Members
Members who
405
Unmatured shares
Matured share certificates
1,255
Holders
532
14,966
6,504
1,327
are borrowers
of:
—
Paid-up share
108
96
certificates
August
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share
First term, 2}4%', second term,
oportion of profits retained on voluntary withdrawals,
none.
25%
on
series less
Certificates
2%%.
than 5 years old; after 5 years,
Rates and Averages on Loans
3 real estate loans (average, $3,139 each; average rate, 6.3%): 6.3%, $1,139,380.
5 share loans (average, $296 each; average rate, 6.3%): 6.3%, $19,220.
Total Expenses for Year
Salaries
nount paid for
)st
.
per $1,000 of assets
$3,000.00
2.50
Rent
$1,606.02
1.34
Advertising
$117.18
.10
Other
Expenses
$1,229.23
1.02
Total
5,952.43
4.96
WELLESLEY — WELLESLEY CO-OPERATIVE BANK
>ther
authorized locations for receipt of moneys: Old Colony Trust Company, 17 Court Street;
52 Temple Place, Boston)
Incorporated January 24, 1911.
;orge
Began business January
N. Smith, President
25, 1911
Orrin E. Stevens, Treasurer
ard of Directors: H. P. Bell*, F. T. Donlon, P. J. Fitzpatrick, B. W. Guernsey, E. T. Madden*, G. M. Nay,
H. L. Peabody, T. R. Pierce, G. N. Smith*, H. P. Smith*, Isaac Sprague, Jr., M. C. Spring, O. E. Stevens*
Regular meeting for receipt of moneys the second Wednesday of each month.
* Security Committee.
P.D.
168
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
.
.
.
.
.
.
13, 1927
....
Dues capital
Profits capital
00
00
00
00
84
308 79
$3,581,900
50,240
9,955
2,180
3,634
....
$1,872,407
362,009
1,001,200
310,000
3,383
38,009
19,337
45,023
1,430
75,707
Matured share
certificates
certificates
Paid-up share
Forfeited share account
.
Guaranty fund
Surplus
80,237 23
.
Interest
365 84
...
.
Fines
.
.
Due on uncompleted loans
Due on foreclosure sales
0(
7J
4'i
Membership
....
Members
Members who
15,914
7,911
52
1,957
45,455
20,009
Issued during year
.
Forfeited during year
Matured during year
Shares in force
Shares now pledged
....
...
series issued in
1
01
$3,728,821 7
Serial Shares
New
0(
2R
5|
9|
5R
313 01
$3,728,821 70
Withdrawn during year
Part III
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Temporary expense account
Insurance and taxes paid
Due from trust companies and national banks
Cash and cash items
.
8,
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
3,26
8C
.
2,62
7]
2C
.
certificates
February, May, August, No-
vember.
Profits Distributed
Unmatured Shares
1}4%; second term,
fourth term, \y2 %.
First term,
1^%;
Matured Share
third terr
Certificates
Z
A%;
First term, \
1%%;
1%%;
second term, \Y%%; third
fourth term, l%%.
First term,
terr
Paid-up Share Certificates
l
second term, \ A%;
third ten
1M%;
1M%; fourth term, 1M%Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
765
143
16
5
real estate loans (average, $4,682 each;
6^%,
average rate, 6.50%):
share loans (average, $351 each; average rate, 6.50%):
loans on matured share certificates : 63^%, $9,955.
loans on paid-up share certificates : 63^%, $2,180.
$3,581,900.
6J^%, $50,240.
Total Expenses for Year
Rent
Salaries
Amount
{9,814.94
paid for
Cost per $1,000 of assets
.
2.63
WESTFIELD
Jr.,
$13,703.
.05
.77
3.
.22
— WESTFIELD
Incorporated December 13, 1881.
George E. Shepard,
$178.20
Other
Expenses
$2,882.82
Advertising
Tota
CO-OPERATIVE BANK
Began business December
19,
1881
James H. Clark, Treasu
President
Board of Directors: R. T. Carrier, J. H. Clark*, C. H. Cooley, Jr., T. J. Cooley, H. S. Eaton, R. M. Fletch
F. N. Gibbons, H. W. Kittredge, J. O. McKean, H. S. Miller, A. G. Norton*, O. E. Parks, G. E. Shepa
Jr.*, D. A. Snow, F. E. Tibbals.
Regular meeting for receipt of moneys the third
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Banking house
Unpaid interest
Furniture and fixtures
Temporary expense account
Insurance and taxes paid
Overs and shorts
Due from
tional
trust companies
banks
$2,186,275
71,782
11,130
4,450
61,000
12,213
9,000
4,642
55
00
00
00
00
00
00
00
52
74
200 14
.
17, 1927
Liabilities
and
88,438 67
Dues capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
Guaranty fund
1,171,727
192,768
717,800
207,600
928
Surplus
48,5351
37,964 2
Interest
55,8907
Fines
Withdrawal profits
Due on uncompleted loans
Building income account
$2,449,277 07
* Security Committee.
987"
584
13,990
f
499 1!
$2,449,2777
D.
8,
169
Part III.
Membership
Serial Shares
sued during year
ithdrawn during year
)rfeited during year
atured during year
...
....
lares in force
lares now pledged
ew series issued in June,
......
Members
Members who
6,749
4,912
66
1,169
26,190
13,423
.
Holders
of:
— are borrowers
2,287
990
....
.
Unmatured shares
Matured share certificates
Paid-up share
1,954
649
202
.
certificates
December.
Profits Distributed
Unmatured Shares
First term, 2
A%;
second term, 2%,%.
5
Matured and Paid-up Share
First term,
Proportion of profits retained on voluntary withdrawals,
1
Certificates
2}^%; second term, 2}i%.
25%
of last dividend.
Rates and Averages on Loans
each; average rate, 6%): 6%, $2,186,275.
real estate loans (average, $2,696
share loans (average, $312 each; average rate, 6%):
loans on matured share certificates : 6%, $11,130.
6 loans on paid-up share certificates: 6%, $4,450.
'0
6%,
$71,872.
'7
Total Expenses for Year
Rent
Salaries
mount paid
$7,693.42
3.14
for
3st per $1,000 of assets
.
$183.22
Other
Expenses
$2,592.45
.07
1.06
Advertising
$2,589.08
1.06
Total
$13,058.17
5.33
WEST SPRINGFIELD — WEST SPRINGFIELD CO-OPERATIVE BANK
Incorporated April
J.
mrd
of Directors:
W.
8,
1897.
May
Began business
J.
Eldred,
Wilson B. Chandler, Treasurer
Brown, C. M. Bryan, J. M. Carroll, W. B. Chandler, C. D. Clark*, H. W. Egan,
F. McCarthy*, W. H. Pierce, A. F. Royce*. F. P. Sargent, F. O. Scott, E. L. Stoughton,
M.
J.
1897
12,
Eldred, President
illis
L.
R. D. Toomey.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
sans
sans
)ans
)ans
on real estate
on shares
on matured share certificates
on paid-up share certificates
52,309,040 00
48,943
7,220
2,410
8.003
1.004
....
npaid interest
npaid fines
ue from trust companies and na
00
00
00
27
60
....
Dues
capital
Profits capital
Matured share
Paid-up
certificates
share certificates
Forfeited share account
4,476 00
48,306 04
.
Guaranty fund
Surplus
Bills payable for
.
tional banks
ash and cash items
.
.
.
money borrowed
Due on uncompleted loans
Due on foreclosure sales
Dividends on matured share certifi
....
....
cates
Dividends on paid-up share
cates
tares in force
lares
pledged
,ew series issued in
.
now
.
.
February, May,
77
00
00
72
88
10
00
00
94
8,422 50
2,920 00
Membership
7,317
4,356
185
844
27,510
14,409
August, No".
00
$2,429,402 91
Serial Shares
....
....
....
....
....
$1,115,958
196,595
673,800
233,600
3,105
36,848
49,735
80,000
23,940
4,476
certifi
$2,429,402 91
sued during year
ithdrawn during year
)rfeited during year
atured during year
13, 1927
Liabilities
....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
2,393
1,076
.
2,069
528
.
Paid-up share certificates
vember.
197
Profits Distributed
Unmatured Shares
First term, l 5/fG %; second term, l 5/u>%; third term,
5
l /f6%;
fourth term, V>/%%.
Matured and Paid-up Share
First term, l}4-%\ second term,
\\i%;
fourth term, \\i%.
Proportion of profits retained on voluntary withdrawals, none.
* Security Committee.
Certificates
1M%;
third term,
P.D.
170
8,
Part
III.
Rates and Averages on Loans
772 real estate loans (average, $2,991 each; average rate, 6%): 6%, $2,309,040.
503 share loans (average, $97 each; average rate. 6%) 6%, $48943.
27 loans on matured share certificates: 6%, $7,220.
9 loans on paid-up share certificates : 6%, $2,410.
:
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
S9.239.25
$974.30
$159.40
3.80
.40
.07
Other
Expenses
$2,673.27
1.10
Advertising
Total
$13,046.22
5.37
WEYMOUTH — NORTH WEYMOUTH CO-OPERATIVE BANK
(Other authorized locations for receipt of moneys: 729 Broad Street, East
Street,
Weymouth;
19 Lincoln
North Weymouth)
Began business October
Incorporated September 26, 1910.
1,
1910
Edwin R. Sampson,
George A. Walker, President
Treasurer
Board of Directors: A. H. Alden*, C. W. Burgess, J. W. Colgan, P. J. Derrig, S. G. Dunbar*, R. H. Haskins,
W. A. Hodges, J. P. Holbrook, W. J. Holbrook, W. B. Mathewson, P. T. Pearson, E. R. Sampson, E. L.
Saunders, F. H. Torrey, J. H. Tower, G. A. Walker, R. H. Whiting*, W. H. Wilde.
Regular meeting for receipt of moneys the
Saturday evening of each month.
first
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans
Loans
Loans
Bonds
on real estate
on shares
on matured share certificates
and notes
Furniture and fixtures
Overs and shorts
Due from trust companies and national banks
Cash and cash items
.
1,
Liabilities
....
Dues
00
00
00
00
500 00
2 55
$1,177,550
21,682
1,400
1,000
$701,889 00
173,329 17
292,800 00
capital
Profits capital
Matured share
certificates
certificates
Paid-up share
Forfeited share account
18,000
175
9,871
3,574
14,500
79
....
....
....
.
Guaranty fund
Surplus
Due on uncompleted
18,796 21
1,800 66
loans
cates
Dividends on paid-up share
cates
14
79
certifi
7,810 92
certifi
450 00
'iini
$1,222,731 42
42p
$1,222,731
Membership
Serial Shares
.
00
40
00
00
252 00
Security committee
Insurance and taxes
Dividends on matured share
Issued during year
Withdrawn during year
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New series issued in May, November.
1927
Members
Members who
3,977
1,767
.
Holders
12
of:
—
...
....
...
.
.
Unmatured shares
Matured share certificates
921
13,643
6,479
.
.
.
.
.
.
1,151
are borrowers
Paid-up share
1,064
21£
certificates
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
Matured Share
3%.
Certificates
2%%.
First term,
2%%;
First term,
2J^%; second term, 23^%.
second term,
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
25%
on
series less
Certificates
than 4 years old; after 4
years
Rates and Averages on Loans
386 real estate loans (average, $3,051 each; average rate, 6%): 6%, $1,177,550.
66 share loans (average, $329 each; average rate, 6%): 6%, $21,682.
3 loans on matured share certificates: 6%, $1,400.
Total Expenses for Year
Rent
Salaries
Amount
paid for
Cost per $1,000 of assets
.
2,946.21
2.41
* Security
Advertising
$256.67
$6.00
.21
.01
Committee.
Other
Expenses
$574 25
.
.46
Total
a
;
.
8,
Part
171
III.
WEYMOUTH — SOUTH SHORE CO-OPERATIVE BANK
moneys: Office Weymouth Light and Power Company,
Jackson Square, East Weymouth)
er authorized location for receipt of
Incorporated April
les
18, 1890.
May
Began business
5,
1890
Charles G. Jordan, Treasurer
G. Sheppard, President
of Directors : G. E. Bicknell, E. R. Bond, Patrick Casey, J. H. Curran, Jacob Dexheimer, J. F. Dwyer,
rhomas Fitzgerald*, E. A. Hunt, C. G. Jordan, W. P. Kellev, J. E. Ludden*, W. W. Macaulay, J. E.
Mulligan, W. E. Pray, C. M. Price, C. G. Sheppard*, C. F. Vaughan, J. R. Walsh.
I
Regular meeting for receipt of moneys the
Monday
first
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share certificates
on paid-up share certificates
3
3
3
3
id interest
from trust companies and na
lal banks
and cash items
3,
1927
Liabilities
,279,065 00
22,226 00
860 00
800 00
3,827 60
30,782 77
4,189 74
.....
Dues capital
Profits capital
Matured share
00
92
00
00
1 00
16,500 60
$675,138
147,624
369,600
78,600
certificates
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Bills payable for money borrowed
Due on uncompleted loans
Security committee
Personal accounts
Auditing fund
Dividends on matured share certifi
.
.
.
11,434 12
20,000 00
22,154 80
.
.
432 00
251 49
180 00
.
....
....
cates
Dividends on paid-up share
cates
4,851 68
certifi
982 50
$1,347,751 11
$1,347,751 11
Membership
Serial Shares
during year
Irawn during year
ited during year
red'during year
1
s in force
s
20
641
14,319
7,037
now pledged
series issued in
iber.
3,582
1,748
......
—
Members
Members who
Holders
of:
are borrowers
....
.
Unmatured shares
Matured share certificates
.
.
...
.
Paid-up share certificates
February, May, Aui ,'ust, No-
.
.
1,329
500
1,190
279
56
Profits Distributed
First term,
1H%;
Unmatured Shares
x
\Yi%\ second term, \ /i%\
fourth term,
third term,
IV2 %.
Matured Share Certificates
%; second term, l 5/f6 %; third term,
1%%', fourth term, V/&%.
First term,
l 5/f6
First term,
1J4%; second term, l}4%)
Paid-up Share
1M%;
fourth term,
Certificates
third term,
1%%.
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
al estate loans (average,
$2,817 each; average rate, 6%): 6%, $1,279,065.
are loans (average, $271 each; average rate, 6%): 6%, $22,226.
%ns on matured share certificates: 6%, $860.
in on paid-up share certificates: 6%,
Total Expenses for Year
f3.694.10
$1,042.32
$33.00
Other
Expenses
$1,083.42
2.74
.77
.03
.80
Salaries
paid for
er $1,000 of assets
it
.
Rent
Security Committee.
Advertising
Total
$5,852 84
4.34
.
P.D.
172
8,
Part III
WEYMOUTH — SOUTH WEYMOUTH CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: 719 Broad Street, East Weymouth)
Began business March
Incorporated February 28, 1889.
9,
D. Frank Daly, President
1889
Everett N. Hollis, Treasure
1
,
Board of Directors: A. E. Barnes*, F. T. Barnes, G. L. Barnes, F. H. Carlisle, G. W. Conant, D. F. Daly*
H. E. Fitzgibbons, W. H. Holbrook, E. N. Hollis, L. K. Jones, E. E. Merchant*, E. J. Pitcher*, J. Fj
Reardon, J. H. Stetson, Gordon Willis.
Regular meeting for receipt of moneys the second Saturday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
.
...
....
....
Dues capital
Profits capital
00
00
00
54
802 37
100 00
185 91
$1,626,330
26,295
7,055
6,654
Matured share
$859,919
196,851 4
534,600
519
32,366 7
18,876
20,000
18,336 9
118
certificates
Forfeited share account
.
Guaranty fund
Surplus
payable for
money borrowed
Due on uncompleted loans
Bills
Security committee
16,774 26
3,699 68
Dividends on matured share
cates
certifi
6,309 4
.
$1,687,896 76
$1,687,896
Issued during year
Matured during year
Shares in force
Shares now pledged
series issued in
....
Members
Members who
5,540
2,288
60
1,052
18,504
9,150
.
Forfeited during year
New
7i
Membership
Serial Shares
Withdrawn during year
1927
Liabilities
Loans on real estate
Loans on shares
Real estate by foreclosure, etc.
Unpaid interest
Unpaid fines
Furniture and fixtures
Insurance and taxes paid
Due from trust companies and national banks
Cash and cash items
.
8,
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
February, May, August, No-
.
1,74
5£
.
1,54
3<
Profits Distributed
vember.
1K%;
Unmatured Shares
second term, \Y%%; third ten
A%\
\X
First term,
fourth term,
1V2 %.
Matured Share
second term,
fourth term, l%%.
1^%;
Proportion of profits retained on voluntary withdrawals,
none.
Certificates
1%%;
First term,
25% on
series less
1%%;
third ten
than 8 years old; after 8 yea
.in
Rates and Averages on Loans
632 real estate loans (average, $3,057 each; average rate, 6.01%): 6%, $1,576,030; 6J^%, $50,300.
67 share loans (average, $392 each; average rate, 6%): 6%, $26,295.
Total Expenses for Year
Salaries
Amount
paid for
Cost per $1,000 of assets
$4,387.00
2.60
.
Rent
$487.48
Other
Expenses
$678.57
Advertising
$175.72
.29
Total
$5,728.!
.40
.10
lA
it
WHITMAN — WHITMAN CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: American Trust Company, 50 State Stre
Boston)
Incorporated
March
6,
1889.
Began business March
George D. Soule, President
11,
1889
Harrison D. Soule, Treasv
W. F. Alden, William Bliss, B. F. Bowker, W. H. Cook, E. P. Copeland, F. E. Cummir
A. F. Curtis, G. A. Dorr*, I. O. Estes*, W. L. Fairbanks, M. F. Greaney, J. B. Nye, Martin Ratig
G. D. Soule*, H. D. Soule.
N
Board of Directors:
Regular meeting for receipt of moneys the second
Security Committee.
Monday
of each
month.
30
k
fori
D.
173
Part III.
8,
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
ms on real estate
ms on shares
ms on matured share
$6,732,400
72,749
6,565
13,700
49,771
22,537
6,584
2,361
certificates
tnmon form mortgages
il estate by foreclosure, etc.
rniture and fixtures
nporary expense account
urance and taxes paid
sonal accounts
....
Dues capital
Profits capital
00
00
00
00
00
64
Matured share
Paid-up share
Surplus
Interest
$3,863,040
863,352
1,939,400
87,000
12,631
77,900
31,409
101,815
5,125
4,222
26,537
141
certificates
certificates
Matured share account
Guaranty fund
39
65
215 91
.
e from trust companies
ional banks
sh and cash items
10, 1927
....
....
....
.....
.
Premiums
and na -
Fines
Due on uncompleted loans
Other liabilities
89,363 61
16,327 43
$7,012,575 63
$7,012,575 63
Membership
Serial Shares
ued during year
ihdrawn during year
•feited during year
tured during year
.
ires in force
pledged
ires
now
w
series issued in
00
89
00
00
30
08
77
38
57
21
02
41
February, May,
....
Members
Members who
32,837
13,635
512
7,501
85,752
35,986
August, No-
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
ember.
.
7,599
2,316
.
6,224
1,664
55
certificates
Profits Distributed
Unmatured Shares
1^%;
second term,
1)4%', fourth term, \\i%.
First term,
1K%;
third term,
Matured, Share Certificates
second term, l %/%%\ third term,
fourth term, 1%%.
First term,
1%%;
1%%;
Paid-up Share Certificates
\\i%; second term, 1%%', third term,
fourth term, \\i%.
First term,
1%%;
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
45 real estate loans (average, $2,871 each; average rate, 6.3%): 6 3 /io%, $6,732,400.
40 share loans (average, $292 each; average rate, 6.3%): 6 3 /io%, $72,749.
12 loans on matured share certificates : 6 3 /io%, $6,565.
Total Expenses for Year
Rent
Salaries
$15,135.42
2.16
lount paid for
st per $1,000 of assets
.
Advertising
$1,700.00
$766.62
.24
.11
Other
Expenses
$8,739.40
1.25
Total
$26,341.44
3.76
WINCHENDON— WINCHENDON CO-OPERATIVE BANK
Incorporated September
9,
1891.
Began business September
16,
1891
A. Greenwood, President
Austin R. Paull, Jr., Treasurer
of Directors: Perley Aldrich, R. P. Bartlett, H. O. Bateman, Robert Callahan*, L. W. Davis, H. H.
Elliott, R. B. Greenwood*, J. G. Henry, W. E. Holden, J. B. Humphrey, Alexander Orr, W. H. Prichard,
Honore Richer, A. M. Royse, T. C. Sparhawk*, A. S. Washburn.
is
ird
Regular meeting for receipt of moneys the third Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
ms on
Liabilities
$495,275 00
9,720 00
107 69
405 08
real estate
ins on shares
.
"niture and fixtures
nporary expense account
e from trust companies and
banks
and cash items
ional
ih
.
19, 1927
Dues
capital
Profits capital
.
Matured share
Paid-up share
certificates
certificates
Forfeited share account
na-
9,539 86
393 71
Guaranty fund
Surplus
Interest
Fines
.
Due on uncompleted
$515,441 34
* Security Committee.
loans
00
48
00
00
3 26
$285,256
47,996
110,600
47,800
8,970
6,836
5,105
119
2,754
15
18
78
49
00
$515,441 34
P.D.
174
Issued during year
1,602
1,054
18
.
Forfeited during year
....
Matured during vear
153
6,410
3,053
Shares in force
Shares now pledged
New
series issued in
Part III
Membership
Serial Shares
Withdrawn during year
8,
......
...
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
.
Paid-up share certificates
March, June, September, De-
cember.
78
27
...
...
72
.
.
.
9
5
Profits Distributed
Unmatured Shares and Matured and Paid-up Shai
Certificates
1J4%; second term, 1J4%;
First term,
1H%;
fourth term,
third terni
1M%-
Proportion of profits retained on voluntary withdrawals, none.
Rates and Averages on Loans
5^%.
229 real estate loans (average, $2,163 each; average rate, 5.97%) 5%, $2,300;
50 share loans (average, $194 each; average rate, 6%): 6%, $9,720.
:
6%,
$28,480;
$464,49.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
John
Rent
$1,500 00
2 91
$141 20
.27
— WINCHESTER
WINCHESTER
Incorporated
Salaries
November
13, 1893.
$100.00
Other
Expenses
$452.56
$2,193.(
.20
.87
4.S
Advertising
Total
CO-OPERATIVE BANK
Began business November
13,
1893
Ernest R. Eustis, Treasur
Challis, President
of Directors: W. T. Carleton, John Challis, E. R. Eustis, Vincent Farnsworth, G. A. Fernald, J.
Fitzgerald*, C. A. Gleason*, A. H. Hildreth, James Hinds, Raymond Merrill, C. C. Miller, C. W. Nas
Board
S.
E.
Newman,
S. S.
Symmes*.
Regular meeting for receipts of moneys the
first
Monday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
....
....
.
.
.
.
$2,367,750 00
54,990 00
3,215 00
1,800 00
7,582 85
49,812 94
....
Dues capital
Profits capital
.
.
Matured share
.
certificates
share certificates
.
.
.
.
.
.
.
Guaranty fund
.
.
.
.
.
.
.
.
$1,337,428
257,893
517,600
219,800
311
56,020
59,813
18,175
133
.
Forfeited share account
Paid-up
Surplus
Due on uncompleted
loans
Security committee
.
Dividends on matured share
cates
cates
12,480
Forfeited during year
Matured during year
Shares in force
New
now pledged
series issued in
I
5,495
'
$2,485,150
Membership
Serial Shares
Issued during year
t
certifi-
$2,485,150 79
Withdrawn during year
I
certifi-
.....
Dividends on paid-up share
Shares
1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Due from trust companies and national banks
.
3,
4,957
3,363
42
683
26,264
13,476
....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
.
1,9
6
.
1,7
3
Paid-up share certificates
1
Ma\ Nov ember.
Profits Distributed
Unmatured Shares
First term,
2%%;
second term,
2%%.
Matured and Paid-up Share
First term,
2J^%; second term,
Proportion of profits retained on voluntary withdrawals, 20% on series
none.
* Security Committee.
less
than
Certificates
2Y2 %.
2% years old;
after 2Hs vea
D. 8, Part III.
175
Rates and Averages on Loans
average rate, 5.82%): 5}4%, $866,950; 6%, $1,500,800.
$598 each; average rate, 5.65%): 53^%, $38,435; 6%, $16,555.
real estate loans (average, $4,054 each;
share loans (average,
loans on matured share certificates:
loans on paid-up share certificates:
5H%, $3,190; 6%,
5H%, $1,800.
$25.
Total Expenses for Year
Rent
Salaries
ount paid for
t per $1,000 of assets
.
Other
Expenses
Advertising
Total
5,032.77
$797.31
$712.29
$1,534.76
),077.13
2.43
.32
.29
.62
3.66
WINTHROP — WINTHROP CO-OPERATIVE BANK
Began business March
Incorporated February 15, 1907.
n E. Newton, President
13,
1907
Alrnon E. Whittemore, Treasurer
Gertrude A. Manning, Assistant Treasurer
d of Directors : H. W. Aiken, F. G. Curtis, E. E. Dawson, Augustus De Cort, Jeremiah Green, L. E. Griffin,
A. F. Henry, Henry Hutchinson, H. A. Kelly, Gerard La Centra, H. M. McNeil, W. G. McNeil*, A. E.
Newton, C. W. O'Keefe, E. A. Thomas*, G. W. Walker, A. E. Whittemore*.
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
on real estate
on shares
on matured share
ds and notes
king house
Dues capital
Profits capital
.
00
00
75
00
1,991 83
93,890
6,150
55,968
19,000
certificates
tporary expense account
from trust companies
.
.
$1,754,960
322,592
843,200
168,800
.
Matured share
certificates
share certificates
Paid-up
Forfeited share account
802
.
Guaranty fund
and na
Fines
Transfer fees
61,186
47,150
30,819
521
2
Withdrawal profits
Due on uncompleted loans
Security committee
24,307
136
Surplus
mal banks
and cash items
136,858 27
147 08
l
Interest
326
$3,254,805 93
during year
ldrawn during year
eited during year
ured during year
es in force
es now pledged
series issued in
.
....
....
....
....
.
.
.
.
.
.
.
.
00
45
00
00
68
00
79
67
74
50
26
84
00
$3,254,805 93
Membership
Serial Shares
id
1927
Liabilities
,940,800 00
as
as
as
13,
Members
Members who
6,885
5,862
55
867
Unmatured shares
Matured share certificates
2,339
Holders
839
37,485
17,567
2,771
— are borrowers
of:
Paid-up share
614
135
certificates
March, June, September, De-
mber.
Profits Distributed
First term,
iy8 %;
1
%%
Unmatured Shares
',
second term,
fourth term,
Matured Share
;
Paid-up Share
l 6/f6%;
134%; second term, 134%;
1M%;
1H%-
fourth term,
10% on
series less
third term
Certificates
First term,
on voluntary withdrawals,
third term,
Certificates
First term, l 5/i6%; second term,
l 5/fe%; fourth term, l 5/f6 %.
ortion of profits retained
l 7/i6%
1H%.
third term,
than 5 years old; after 5 years,
none.
Rates and Averages on Loans
6%): 6%, $2,940,800.
loans (average, $4,045 each; average rate,
thare loans (average, $680 each; average rate, 6%):
oans on matured share certificates : 6%, $6,150.
*eal estate
6%,
$93,890.
Total Expenses for Year
unt paid for
per $1,000 of assets
.
Salaries
Rent
Advertising
Other
Expenses
$9,733.83
2.99
$769 89
$1,003.24
$1,224.21
.24
.31
.38
.
* Security Committee.
Total
$12,731.17
3.92
P.D.
176
— WOBURN
WOBLJRN
8,
Part
III!
CO-OPERATIVE BANK
(Other authorized location for receipt of moneys: McLaughlin and Dennison, Wilmington)
Incorporated February 21, 1887.
Began business March
10,
i
1887
Frank W. Greydon, President
Arthur E. Gage, TreasuA
Redmond
.
E. Walsh, Assistant Treasurer
Board of Directors: J. H. Bates, F. J. Brown*, L. B. Buchanan, J. C. Buck, T. E. Caulfield, W. F. Davis, J. U
Deland*. H. B. Dow, A. E. Gage*, F. W. Greydon*, W. H. Keleher, E. N. Leighton, A. H. Linscoti
J. G. Maguire, F. H. Murray, J. H. Parker, W. A. Prior, R. E. Walsh.
Regular meeting for receipt of moneys the second Thursday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
13, 1927
Liabilities
Loans on real estate
Loans on shares
Loans on matured share certificates
Loans on paid-up share certificates
Real estate by foreclosure, etc.
Banking house
Temporary expense account
Insurance and taxes paid
Due from trust companies and na
tional banks
Cash and cash items
$4,952,025 00
59,480 00
6,420 00
830 00
15,211
68,444
1,316
135
Dues
$2,774,709 H
623,029 I
1,081,400 I
510,800 I
capital
Profits capital
.
Matured share
Paid-up
certificates
share certificates
16
Guaranty fund
111,4761
38
98
52
Surplus
109,412
30,300
1,322
652
32,016
170
170,799 19
626 35
Interest
Fines
Withdrawal profits
Due on uncompleted loans
Security committee
$5,275,288 58
$5,275,288
Issued during year
13,712
Withdrawn during year
6,970
318
Forfeited during year
Matured during year
2,414
Shares in force
57,386
Shares now pledged
26,832
New series issued in January, April, July, October.
.
Ij
I
1
Membership
Serial Shares
.
1
I
I
1
.
....
Members
Members who
Holders
of:
— are borrowers
Unmatured shares
Matured share certificates
Paid-up share
certificates
Profits Distributed
Unmatured Shares
A%;
First term, \ X
second term, \Yi%\ third
te
IH%; fourth term, IV2 %.
Matured and Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
1M%;
20% on
1M%;
Certificates
second term, 1}£%; third
fourth term,
First term,
series less
te
1M%
than 5 years old; after 5 y€
Rates and Averages on Loans
1,733 real estate loans (average, $2,825 each; average rate, 6.3%): 6 3 /io%, $4,952,025.
180 share loans (average, $330 each; average rate, 6.3%): 6 3 /io%, $59,480.
18 loans on matured share certificates : 6 3 /io%, $6,420.
3 loans on paid-up share certificates : 6 3 /io%,
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
Salaries
Rent
11,494.98
$1,902.01
2.18
.36
Other
Expenses
Tot
$606.66
$2,699.81
$16,70
.12
.51
Advertising
IS
WORCESTER — EQUITY CO-OPERATIVE BANK
Incorporated February
George
W.
9,
1887.
Began business March
17,
1887
George O. Bridges, Trea
Brooks, President
J. Bean, G. O. Bridges*, G. W. Brooks, Albert Erickson, J. J. Hig£
Urgel Jacques*, J. J. Kittredge, James Mongtomery, H. A. Mower, William Tolley, J. H. Turner,
Winn, W. A. Winn, E. M. Woodward.
Board of Directors: Harry Ballard, A.
<
Regular meeting for receipt of moneys the second Tuesday
* Security Committee.
of
each month.
177
.D. 8, Part III.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Liabilities
Assets
....
aans on real estate
.
)ans on shares
sans on matured share certificates
eal estate by foreclosure, etc.
.
11, 1927
Dues
$2,945,100 00
88,410 00
.
smporary expense account
curity committee
ue from trust companies and national banks
ash and cash items
.
Guaranty fund
Surplus
28 25
....
.
Matured share certificates
Forfeited share account
990 00
8,896 12
3,198 32
10
73
75
718 85
11,350 00
62 04
Interest
Fines
Transfer fees
53,034 34
42,711 40
Withdrawal profits
Due on uncompleted loans
Due on foreclosure sales
$3,142,368 43
$3,142,368 43
Membership
Serial Shares
sued during year
ithdrawn during year
srfeited during year
atured during year
Members
Members who
8,917
4,689
62
1,233
45,076
17,345
.
....
lares in force
lares now pledged
ew series issued in
00
90
00
00
24
82
$2,135,600
432,307
361,800
85
72,685
79,583
46,789
1,382
3
capital
Profits capital
are borrowers
.
.
.
Unmatured shares
Matured share certificates
.
.
.
Holders of
:
—
3,612
1,110
....
February, August.
3,474
302
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
Matured Share
First term,
3%.
Certificates
2}4%; second term, 2}4 %.
roportion of profits retained on voluntary withdrawals, 50% of last dividend on series less than 5 years old;
after 5 years, none.
Rates and Averages on Loans
'8
real estate loans (average, $3,208 each;
average rate, 5.98%):
share loans (average, $266 each; average rate, 5.99%):
S loans on matured share certificates : 6%,
\2
5H%,
$82,650;
6%,
$2,862,450.
5}i%, $200; 6%, $88,210.
Total Expenses for Year
Rent
Salaries
mount paid
$5,993.31
1.91
for
ost per $1,000 of assets
.
Other
Expenses
Total
$815.74
$1,784.19
.1,471.58
.26
.57
3.65
Advertising
5,878.34
.91
WORCESTER — HOME CO-OPERATIVE BANK
Incorporated June
10, 1882.
Began business June
16,
1882
George O. Bridges, Treasurer
iremiah J. Higgins, President
W. Brooks, Earle Brown, Albert Erickson,
H. A. Hawkins, J. J. Higgins*, Urgel Jacques*, James Montgomery, H. A. Mower, J. H. Turner, C. C.
Winn, W. A. Winn, E. M. Woodward.
oard of Directors: A. J. Bean, A. L. Bemis, G. O. Bridges*, G.
Regular meeting for receipt of moneys the third Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
oans on real estate
oans on shares
oans on matured share certificates
eal estate
by
foreclosure, etc.
emporary expense account
scurity committee
'ue from trust companies and na
tional banks
ash and cash items
18, 1927
Liabilities
,607,850 00
64,610 00
1,250 00
2,636 40
4,888 43
16 50
Dues capital
Profits capital
.
Matured share certificates
Forfeited share account
.
Guaranty fund
Surplus
Interest
183,838 66
42,251 63
Fines
Transfer fees
Withdrawal profits
Due on uncompleted loans
Persona accounts
Expense on furniture and fixtures
Due on foreclosure sales
1
$2,907,341 62
* Security
.
$1,956,546
353,974
363,400
34
69,083
74,464
70,972
2,232
7
807
11,000
1,875
2,925
17
00
64
00
00
49
52
98
45
50
87
00
00
42
75
$2,907,341 62
Committee.
j
178
P.D.
Issued during year
Forfeited during year
8,684
4,972
104
Matured during year
1,159
Withdrawn during year
Shares in force
Shares now pledged
......
Members
Members who
Holders
— are borrowers
of:
.
.
.
December
.
3,41}
99
.
...
Unmatured shares
Matured share certificates
42,266
15,559
series issued in June,
III!
Membership
Serial Shares
New
Part
8,
3,27
3C
.
.
Profits Distributed
Unmatured Shares
3%; second
First term,
Matured Share
50%
Certificates
2%%', second term,
First term,
Proportion of profits retained on voluntary withdrawals,
3%.
term,
of last dividend
on
2H%than 5 years
series less
ol<|
after 5 years, none.
Rates and Averages on Loans
816 real estate loans (average, $3,196 each; average rate, 5.99%): 5^%, $52,650; 6%, $2,555,200.
285 share loaris (average, $227 each; average rate, 6%): 6%, $64,610.
2 loans on matured share certificates: 6%, $1,250.
Total Expenses for Year
Amount paid
Cost
for
per $1,000 of assets
.
Salaries
Rent
$5,995.33
2.06
$2,878.34
.99
Other
Expenses
Total
$815.78
$1,775.04
$11,464.^
.28
.61
3.'
Advertising
WORCESTER — INDEPENDENT CO-OPERATIVE BANK
Incorporated
May
8, 1911.
May
Began business
31, 1911
Andrew W. Sigourney, Treasur
Wallace T. Morley, President
Board of Directors: W. H. Balcom, C. S. Babis, H. J. Clarkson, M. E. Costello, M. W. Donahue, H. J. Greer,
W. T. Morley, A. A. Parker, J. J. Power*, A. F. Richardson, H. C. Robinson*, H. A. Rousseau, D.
.
Scott, A.
W.
Sigourney*.
Regular meeting for receipt of moneys the
last
Tuesday
of each
month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on rea estate
Loans on shares
Loans on matured share certificates
Due from trust companies and national banks
Cash and cash items
1
.
.
25, 1927
Liabilities
.
.
$744,750 00
30,020 00
1,475 00
25,972 61
12,512 81
.
....
.....
Dues capital
Profits capital
Matured share certificates
Paid-up share certificates
Guaranty fund
Surplus
.
.
.
.
$429,046
76,810
217,400
68,000
6,933
7,720
5,000
116
...
Due on uncompleted
loans
Security committee
.
.
.....
.....
Dividends on matured share
cates
Dividends on paid-up share
cates
I
ij
'!
certifi-
2,853
certifi-
850
$814,730
$814,730 42
Si
Membership
Serial Shares
Issued during year
....
....
.....
....
Withdrawn during year
.
.
.
.
.
.
.
.
Forfeited during year
Matured during year
Shares in force
Shares now pledged
New
series issued in
February,
May
2,715
1,516
23
666
10,950
4,760
Members
Members who
Holders
of:
—
.
.
.
are borrowers
.
.
.
1,0
....
Unmatured shares
Matured share certificates
Paid-up share
.
.
.
certificates
August, No-
vember
Profits Distributed
First term,
1H%;
Unmatured Shares
second term, \y%%\ third
A%;
l z
fourth term,
Matured Share
Certificates
First term, l 5/ie%; second term,
l B/i6%; fourth term, V\{6 %.
Paid-up Share
First term,
1%%;
Proportion of profits retained on voluntary withdrawals,
50%
^ %;
15
6
third ter
Certificates
lJi%; second term,
fourth term,
ter
\%%.
1M%;
1M%-
of last dividend.
third ter
P.D.
8,
Part III.
179
Rates and Averages on Loans
6^%,
207 real estate loans (average, $3,598 each; average rate, 6.10%): 6%, $600,550;
60 share loans (average, $500 each; average rate, 6%): 6%, $30,020.
4 loans on matured share certificates: 6%, $1,475.
$144,200.
Total Expenses for Year
Amount
paid for
Cost per $1,000 of assets
.
Salaries
Rent
Advertising
$1,669.00
2.05
$1,230.40
1.51
$221.87
Other
Expenses
$879 26
1.08
Total
$4,000.53
4.91
.
.27
WORCESTER — WORCESTER CO-OPERATIVE BANK
Incorporated October
19, 1877.
Began business October
George O. Bridges, Treasurer
Willard A. Winn, President
Board of Directors:
1877
19,
D. E. Armitage, A.
C. E. Cather, E. P. Fitzgerald, J.
W. A. Winn, E. M. Woodward.
Bean, A. L. Bemis, G. O. Bridges*, G. W. Brooks, Earle Brown,
Higgins*, Urgel Jacques*, H.'A. Mower, J. H. Turner, C. C. Winn,
J.
J.
Regular meeting for receipt of moneys the fourth Tuesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
[Loans on real estate
[Loans on shares
Loans on matured share certificates
Banking house
Temporary expense account
Due from trust companies and na
tional banks
Cash and cash items
25, 1927
Liabilities
Dues capital
Profits capital
,991,550 00
85,840
2,950
86,000
743
$2,195,566 00
454,881 92
483,800 00
.
00
00
00
02
Matured share certificates
Forfeited share account
366 40
.
Guaranty fund
09,413 52
74,606 18
3,488 19
457 24
Surplus
98,675 01
30,141 49
Interest
Fines
Transfer fees
.
50
Withdrawal profits
Due on uncompleted loans
Security committee
Building income account
Due on foreclosure sales
394 17
7,100 00
80 00
5,386 95
358 45
$3,295,899 52
$3,295,899 52
Membership
Serial Shares
during year
Vithdrawn during year
forfeited during year
,/Iatured during year
Members
Members who
9,449
5,678
37
issued
.
Holders
of:
Unmatured shares
Matured share certificates
1,435
(hares in force
"hares now pledged
Jew series issued in April, October.
3,780
1,120
— are borrowers
47,325
17,691
3,618
394
Profits Distributed
Unmatured Shares
3%; second
First term,
term,
Matured Share
First term,
roportion of profits retained
3%.
Certificates
2}4%; second term, 2}4%-
50% of last dividend
after 5 years, none.
on voluntary withdrawals,
on
series less
than 5 years old;
Rates and Averages on Loans
loans (average, $3,255 each; average rate, 5.98%): 5%%, $78,250;
U share loans (average, $267 each; average rate, 6%): 6%, $85,840.
6 loans on matured share certificates : 6%, $2,950.
'9 real estate
6%,
$2,913,300.
Total Expenses for Year
[mount paid for
pst per $1,000 of assets
.
Salaries
Rent
$5,995.33
1.82
52,878 32
.87
* Security
.
Committee.
Advertising
Other
Expenses
$815.76
$1,836.53
.25
.56
Total
$11,525.94
3.50
7
P.D.8, Part
180
WRENTHAM— WRENTHAM
III:'
CO-OPERATIVE BANK
Began business March
Incorporated February 26, 1901.
I
1901
13,
Charles B. McDougald, Treasurer
Oliver J. Goodspeed, President
Board of Directors: F. L. Blatchford, E. A. Dart*, D. S. Farrington*, G. W. Gilmore, O. J. Goodspeed, L. C.
Jenness, C. B. McDougald, W. H. Stewart, A. H. Thomas, J. A. Warren, G. P. Willard*, C. C. Winter.!
Regular meeting for receipt of moneys the second Wednesday of each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
13, 1927
Liabilities
Loans on real estate
Loans on shares
Temporary expense account
Due from trust companies and national banks
Dues
$208,636 00
3,690 00
104 21
.
.
Matured share
Paid-up
certificates
share certificates
Forfeited share account
5,503 67
.
Guaranty fund
Surplus
Interest
OSI
51
40 67N
97 6i
Fines
1,100
$217,933 88
OCj'
$217,933 Si
Membership
Serial Shares
Issued during year
......
Members
Members who
585
260
.
Forfeited during year
Holders
15
55
2,969
1,135
....
Matured during year
Shares in force
Shares now pledged
New
50
00
00
2,742 641
2,027 83
Withdrawal profits
Due on uncompleted loans
Withdrawn during year
00
$147,406
30,081
21,000
9,600
126
3,711
capital
Profits capital
of:
— are borrowers
28(.
9:
....
Unmatured shares
Matured share certificates
Paid-up share
.
26:
2t
.
certificates
l:
March, September.
series issued in
Profits Distributed
Unmatured Shares
First term,
3%; second
term,
3%.
Matured and Paid-up Share
Certificates
2^%;
second term, 2}4%.
Proportion of profits retained on voluntary withdrawals, 25%.
First term,
87
Rates and Averages on Loans
average rate, 6%): 6%, $208,636.
$527 each; average rate, 6%): 6%, $3,690.
real estate loans (average, $2,398 each;
7 share loans (average,
Toti il Expenses for Year
Rent
Salaries
Amount
$400.00
1.84
paid for
Cost per $1,000 of assets
.
Advertising
$33 77
-
Other
Expenses
$120.99
.55
15
Total
$554
2.5
.
YARMOUTH — CAPE COD CO-OPERATIVE BANK
Incorporated July
F.
Howard Hinckley,
19, 1921.
Began business August
4,
1921
Gorham
President
Pulsifer, Treasurt
of Directors: T. H. Arden, Jr., C. R. Bassett, L. B. Boston, T. S. Crowell*, T. T. Hallett*, R. H. Hefler
F. H. Hinckley*, R. M. Kelley*. R. H. Nye, Gorham Pulsifer, H. B. Ryder, C. W. Swift, F. C. Swif
P. M. Swift, T. W. Swift.
Board
Regular meeting for receipt of moneys the
first
Thursday
of
each month.
STATEMENT OF CONDITION AT THE CLOSE OF BUSINESS, OCTOBER
Assets
Loans on real estate
Loans on shares
Real estate by foreclosure, etc.
Due from trust companies and national banks
Cash and cash items
.
.
.
6,
1927
Liabilities
.
.
$214,750 00
4,690 00
4,494 42
Dues
$175,180
28,337
23,200
capital
Profits capital
.
Paid-up share certificates
Forfeited share account
Guaranty fund
Surplus
Due on uncompleted loans
Dividends on paid-up share
.
.
8,790 06
.
.
.
84 25
cates
$232,808 73
* Security Committee.
.
1
(
314
.
.
(
1,937
2,950
(
600
(
290
<
certifi
$232,808
'
P.D.
8,
181
Part III.
Membership
Serial Shares
Issued during year
....
....
.....
....
Withdrawn during year
Shares in force
Shares now pledged
New
series issued in
February, May,
......
Members
Members who
978
298
4,237
1,327
August, No-
Holders
— are borrowers
of:
413
100
....
...
Unmatured shares
Paid-up share
.
.
.
403
22
certificates
vember.
Profits Distributed
Unmatured Shares
1J^%; second term,
First term,
l%%\
fourth term,
A%.
Paid-up Share
Proportion of profits retained on voluntary withdrawals,
none.
fourth term,
25% on
A%;
X
series less
third term,
Certificates
1J4%; second term, 1J4%;
First term,
1M%;
\
\ l
1M%
third term,
.
than 5 years old; after 5 years,
Rates and Averages on Loans
84 real estate loans (average, $2,557 each; average rate, 7%): 7%, $214,750.
16 share loans (average, $293 each; average rate, 7%): 7%, $4,690.
Total Expenses for Year
Rent
Salaries
Amount
$875.00
3.76
paid for
Cost per $1,000 of assets
.
Other
Expenses
$139 .05
Advertising
$45 00
-
60
19
Total
$1,059 05
4 55
STATEMENTS OF CERTAIN SAVINGS AND LOAN
ASSOCIATIONS
Subject to the Supervision of the Commissioner of Banks under
the Provisions of General Laws, Chapter 93, Section 34
ATTLEBORO — ATTLEBOROUGH SAVINGS AND LOAN ASSOCIATION
Established January, 1876.
Began business January, 1876
Harvey E. Clap, President
Caleb Slade, Treasurer and Secretary
Babcock, A. M. Briggs, M. L. Carter, H. E. Clap*, A. M. Dunhamf, Joseph Finberg, A. A.
French*t, C. S. Holden, R. M. Hortonf, A. S. Ingraham, H. P. Kent*, W. L. King*, W. J. Luther, H. K.
Richardsonf, Oscar Wolfenden.
Directors: F.
I.
Regular monthly meeting, fixed by by-laws, third
Monday
STATEMENT OF CONDITION, OCTOBER
Assets
....
Loans secured by pledge of shares
Loans secured by other collateral
Real estate owned by the association
Real estate sold, deeds not passed
Unpaid dues
Temporary expense
Real estate expense
Taxes
Deposited in banks
Cash in hands of treasurer
.
Bank
stock
.
month.
Liabilities
Loans secured by mortgages upon
real estate
of each
31, 1927
3,671 matured shares at $500 each
shares, series 39 at $482.43 each
shares, series 40 at $435.09 each
shares, series 41 at $389.98 each
shares, series 42 at $347.01 each
146 shares, series 43 at $306.10 each
246 shares, series 44 at $267.16 each
470 shares, series 45 at $230.17 each
572 shares, series 46 at $195.08 each
141 shares, series 47 at $178.23 each
296 shares, series 48 at $161.83 each
144 shares, series 49 at $145.87 each
495 shares, series 50 at $130.34 each
166 shares, series 51 at $115.23 each
372 shares, series 52 at $100.52 each
282 shares, series 53 at $86.20 each
447 shares, series 54 at $72.27 each
339 shares, series 55 at $58.71 each
379 shares, series 56 at $45.51 each
202 shares, series 57 at $32.67 each
877 shares, series 58 at $20.17 each
267 shares, series 59 at $8.00 each
.
>,786,937 82
109,873
6,800
165,221
7,482
2,248
4,284
2,009
4,391
28,375
1,482
6,730
00
00
31
08
00
18
24
30
93
30
00
237
163
258
254
Dues paid
Due on
in
advance
construction loans
Interest
Rents
Guaranty fund
.
Fines
Surplus fund
.
Rent from
safe deposit boxes
Suspense
$3,125,835 16
*
Loan
or Building Committee.
$1,835,500
114,335
70,919
100,614
88,140
44,690
65,721
108,179
111,585
25,130
47.901
21,005
64,518
19,128
37,393
24,308
32,304
19.902
17,248
6,599
17,689
2,136
2,776
13,450
49,470
2,847
137,950
15
43,268
126
00
91
67
84
54
60
36
90
76
43
68
28
30
18
44
40
69
69
29
34
09
00
00
00
26
45
06
33
42
00
977 25
$3,125,835 16
t Auditors.
182
P.D.
8,
Part
III.
Miscellaneous
Number
of shareholders of unmatured shares
Largest number of unmatured shares held by
Number of holders of matured shares
1,128
....
.
any one member
250
676
87
Largest number of matured shares held by any one person
Total number of members holding either matured or unmatured shares
Largest loan to any one person
Number of borrowers (on share loans 127)
Rates of interest charged to borrowers
Rate of dividend declared on matured shares
Rate of dividend declared on unmatured shares
Amount paid for salaries during the year
Number of shares issued during the year
Number of shares withdrawn during the year
Number of shares matured during the year
New series are issued January and July of each year
Required monthly dues upon each share
1,534
$96,000
929
5%,
5V2 %, 6%
5V2 %
5V2%
$10,121.40
1,196
.
455
248
$2.00
.
NORTON — NORTON SAVINGS AND LOAN ASSOCIATION
Established 1890.
Austin
M.
Began business 1890
George B. Clements, Treasurer and Secretary
Sweet, President
Directors: J. G. Adair, G. B. Clements, B. F. Fales, J. A. Freemanf, C.
G. F. Sawyer, A. T. Sturdy, A. M. Sweet, A. G. Walker,
H. Makepeace*!, G. H. O'Brien*
W.
C. S.
Regular monthly meeting, fixed by by-laws, for receipt of moneys the third
STATEMENT OF CONDITION, OCTOBER
.
.
.
.
Loans secured by pledge of shares
Real estate owned by the association
Real estate sold by agreement
.
.
Temporary expense
Unpaid dues
.
.
.
Real estate expense
Deposited in banks or trust companies
.
of each
month.
Liabilities
Loans secured by mortgages upon
.
Monday
31, 1927
Assets
real estate
Wood.
.
.
Cash
$253,225 85
29,165 85
945 00
2,915 77
136 42
706 00
88 81
2,210 58
100 00
413 matured shares at $300 each
8 shares, series 29 at $291.81 each
29 shares, series 30 at $255.39 each
102 shares, series 31 at $220.70 each
72 shares, series 32 at $187.67 each
41 shares, series 33 at $156.21 each
107 shares, series 34 at $126.25 each
244 shares, series 35 at $97.71 each
166 shares, series 36 at $70.53 each
126 shares, series 37 at $44.65 each
128 shares, series 38 at $20.00 each
Dues paid in advance
Interest account
Guaranty fund and surplus
Partial
....
payments
.
Rents
payable
Bills
Fines
.
.
.
$289,494 28
$123,900 00
2,334 48
7,406
22,511
13,512
6,404
13,508
23,841
11,707
5,625
2,560
1
31
40
24
61
75
24
98
90
00
332 00
7,345 23
23,082 04
10,307 .50
96 00
15,000 00
18 60
$289,494 28
Miscellaneous
Number
of shareholders of unmatured shares
Largest number of unmatured shares held by any one member
Number of holders of matured shares
Largest number of matured shares held by any one person
Total number of members holding either matured or unmatured shares
Largest loan to any one person
Number of borrowers
Rates of interest charged to borrowers
Rate of dividend declared on matured shares
Rate of dividend declared on unmatured shares
Amount paid for salaries during the year
Number of shares issued during the year
Number of shares withdrawn during the year
Number of shares matured during the year
New series are issued annually in January.
213
50
96
52
255
$6,000
176
....
....
.
6%,
6%
6%
117
87
28
.
Required monthly dues upon each share
Loan
or Building
$2.00
.
Committee.
6^%
t Auditors.
i
3
183
.D. 8, Part III.
PLAINVILLE — PLAINVILLE SAVINGS AND LOAN ASSOCIATION
Established December, 1879.
Jyron
S.
Began business February, 1880
Walter E. Barden, Treasurer and Secretary
Gardiner, President
W. Averill, W. E. Barden, D. A. Barrows, J. J. Eidenf, T. E. A. Fuller, B. S. Gardinerf, H. A.
Gardnerf, N. S. Grant, H. A. Hallf, Rufus Kingf, J. W. Martin, Jr., E. W. Pinkf, C. E. Riley, R. I.
Rhodes, F. W. Sears, F. E. Sturdy, H. B. Thompsonf.
directors: F.
joan or Building Committee: Appointed
from the Directors on each application
for a loan.
Regular monthly meeting, fixed by by-laws, for receipt of moneys on or before the tenth of each month.
STATEMENT OF CONDITION, OCTOBER
10, 1927
Liabilities
Assets
.....
.....
joans secured upon mortgages upon
real estate
joans secured by pledge of shares
joans secured by other collateral
leal estate owned by the association
.
.
Jnpaid dues
Jnpaid interest
insurance account
.
.
.
.
.
.
.
.
furniture and fixtures
Deposited in banks or trdst companies
.
Uash
.
.
$406,525 97
14,675 00
200 00
1,500 00
1,582 00
141 40
16 00
200 00
18,498 07
308 23
1,466 matured shares at $151.87 each
385 shares, series 44 at $130.30 each
448 shares, series 45 at $100.04 each
92 shares, series 46 at $85.48 each
327 shares, series 47 at $71.33 each
254 shares, series 48 at $57.55 each
267 shares, series 49 at $44.14 each
284 shares, series 50 at $31.09 each
306 shares, series 51 at $18.40 each
444 shares, series 52 at $6.05 each
Due on loans in process
Dues paid in advance
Interest paid in advance
Bills payable
Guaranty fund
Undivided profits
.
.
Forfeited snares
$443,646 67
$222, 641 42
50, 165.50
44, 817 92
864 16
91
14, 617 70
11, 785 38
8, 829 56
5, 630 40
2, 686 20
2, 261 70
136 00
1, 450 02
20, 000 00
Hi 000 00
16, 397 33
38 47
7,
23, 324
$443,646 67
Miscellaneous
of shareholders of unmatured shares
of unmatured shares held by any one member
dumber of holders of matured shares
Largest number of matured shares held by any one person
rotal number holding either matured or unmatured shares
Largest loan to any one person
Mumber of borrowers
Elate of interest charged to borrowers
Rate of dividend declared on matured shares
Rate of dividend declared on unmatured shares
Amount paid for salaries during the year
dumber of shares issued during the year
dumber of shares withdrawn during the year
dumber of shares matured during the year
Slew series issued in February and August.
lequired monthly dues upon each share
dumber
Largest
....
....
.
number
.
.
t Auditors.
558
50
258
31
722
,713.12
345
6%
5%
53^%
$1,504
764
513
263
$2.00
P.D.
184
8,
Part
III.
GENERAL INDEX
Co-operative Banks, Abstracts of Annual Report
Co-operative Banks, Alphabetically by Name
Co-operative Banks, General Remarks
Co-operative Banks, Legislation
Co-operative Banks, Tables of Statistics
Credit Unions, General Remarks
Private Bankers, General Remarks
Savings and Loan Associations, Abstracts of Annual Reports
Savings Banks, General Remarks
Trust Companies, General Remarks
Treasurer and Receiver-General, General Remarks
....
....
....
....
....
.
Index to the Annual Reports
[Alphabetically by
Name]
CO-OPERATIVE BANKS
Name
Location
Acushnet Co-operative Bank
New
Adams
Adams
Co-operative Bank
Aldenville Co-operative Bank
Amesbury Co-operative Bank
Andrew Square Co-operative Bank
Arlington Co-operative Bank
Athol Co-operative Bank
Atlantic Co-operative Bank
Attleborough Co-operative Bank
Auburndale Co-operative Bank
Ausonia Co-operative Bank
Avon Co-operative Bank
Back Bay Co-operative Bank
Baldwinville Co-operative Bank
Bellevue Co-operative Bank
Beverly Co-operative Bank
B. F. Butler Co-operative Bank
Boston Co-operative Bank
Braintree Co-operative Bank
Bridgewater Co-operative Bank
Brighton Co-operative Bank
Brookhne Co-operative Bank
Business Men's Co-operative Bank
Cambridge Co-operative Bank
Campello Co-operative Bank
Canton Co-operative Bank
Cape Cod Co-operative Bank
Central Co-operative Bank
Central Square Co-operative Bank
Chair-Town Co-operative Bank
Charlestown Co-operative Bank
Chelsea Co-operative Bank
Chester Co-operative Bank
Chicopee Co-operative Bank
Chicopee Falls Co-operative Bank
Citizens' Co-operative Bank
City Co-operative Bank
Clinton Co-operative Bank
Codman Co-operative Bank
Columbian Co-operative Bank
Concord Co-operative Bank
Congress Co-operative Bank
Coolidge Corner Co-operative Bank
Danvers Co-operative Bank
Dean Co-operative Bank
Dedham Co-operative Bank
Dorchester Co-operative Bank
Dudley Co-operative Bank
East Bridgewater Co-operative Banl
Easthampton Co-operative Bank
East Taunton Co-operative Bank
Economy Co-operative Bank
Edward Everett Co-operative Bank
Enterprise Co-operative Bank
Bedford
.
Chicopee
.
Amesbury
.
.
.
.
.
.
.
.
Pag
12
Boston
Arlington
Athol
.
Lawrence
Attleboro
Newton
Boston
Avon
.
Boston
Templeton
Boston
Beverly
Lowell
15?
11
ansfi
Boston
1<
Braintree
§\
*
Bridgewater
Boston
Brookline
Boston
\)
J*
J;
»
^
Cambridge
Brockton
Canton
Yarmouth
Somerville
5!
Chelsea
Chester
Chicopee
Chicopee
Haverhill
6:
8,
1
6
6
9
9
6
Holyoke
Clinton
Boston
Cambridge
Concord
Boston
1
5
7
1
5
Brookline
Danvers
7
Franklin
8
Dedham
7
Boston
Boston
East Bridgewater
1
Boston
Boston
arblt
A
Btki
assac
attar
echai
tdfid
edfor
!?&
Cambridge
Gardner
Boston
Easthampton
Taunton
Merrimac
I'M
J*
10j
1.
7
*
i
1
11
]
3. 8,
185
Part III.
Name
Location
litable
Lynn
I
Worcester
Boston
Everett
Fall River
Co-operative Bank
lity Co-operative Bank
eka Co-operative Bank
:rett Co-operative Bank
River Co-operative Bank
mouth Co-operative Bank
leuil Co-operative Bank
ragut Co-operative Bank
leral Co-operative Bank
[sway Co-operative Bank
elity Co-operative Bank
mburg Co-operative Bank
est Hills Co-operative Bank
:borough Co-operative Bank
mingham Co-operative Bank
•dner Co-operative Bank
mania Co-operative Bank
ucester Co-operative Bank
ifton Co-operative Bank
:enfield Co-operative Bank
»veland Co-operative Bank
irdian Co-operative Bank
tnpden Co-operative Bank
rvard Co-operative Bank
^erhill Co-operative Bank
iry Wilson Co-operative Bank
;hland Co-operative Bank
;hland Co-operative Bank
iside Co-operative Bank
igham Co-operative Bank
[brook Co-operative Bank
lyoke Co-operative Bank
me Co-operative Bank
mestead Co-operative Bank
usatonic Co-operative Bank
dson Co-operative Bank
annis Co-operative Bank
de Park Co-operative Bank
lependent Co-operative Bank
nan Co-operative Bank
wich Co-operative Bank
naica Plain Co-operative Bank
eph Warren Co-operative Bank
ayette Co-operative Bank
vrence Co-operative Bank
>minster Co-operative Bank
cington Co-operative Bank
coin Co-operative Bank
veil Co-operative Bank
iver Mills Co-operative Bank
an Co-operative Bank
Ideh Co-operative Bank
nsfield Co-operative Bank
xblehead Co-operative Bank
rlborough Co-operative Bank
xtha's Vineyard Co-operative Bank
.ssachusetts Co-operative Bank
ttapan Co-operative Bank
chanics' Co-operative Bank
dfield Co-operative Bank
idford Co-operative Bank
dway Co-operative Bank
feting House Hill Co-operative Bank
jtrose Co-operative Bank
ijrchants' Co-operative Bank
rrimack Co-operative Bank
fchuen Co-operative Bank
kropolitan Co-operative Bank
jldleborough Co-operative Bank
lldlesex Co-operative Bank
Uprd Co-operative Bank
ri.bury Co-operative Bank
-;on Co-operative Bank
ot Co-operative Bank
itello Co-operative Bank
Washington Co-operative Bank
ual Co-operative Bank
iham Co-operative Bank
Bedford Co-operative Bank
buryport Co-operative Bank
ton Co-operative Bank
ton South Co-operative Bank
ile Island Co-operative Bank
intum Co-operative Bank
h Abington Co-operative Bank
hampton Co-operative Bank
h Cambridge Co-operative Bank
h Dighton Co-operative Bank
jh Dorchester Co-operative Bank
h Easton Co-operative Bank
.
.
Falmouth
Boston
Boston
Boston
Maiden
Fitchburg
Fitchburg
Boston
Foxborough
Framingham
.
Gardner
Boston
.
Gloucester
.
Grafton
Greenfield
.
Groveland
Boston
.
Springfield
.
Haverhill
.
.
,
Boston
Natick
Boston
.
Springfield
.
Hingham
.
.
.
.
'
.
.
.
Medford
Holbrook
Holyoke
Worcester
Boston
Great Barrin gton
Hudson
Page
105
176
20
76
77
80
21
22
23
107
81
82
23
82
83
86
24
87
88
90
91
25
151
26
92
121
27
152
112
93
94
95
177
28
89
96
Barnstable
6
Boston
Worcester
Cambridge
29
178
60
97
Ipswich
Boston
Boston
Fall River
Lawrence
Leominster
Lexington
Lynn
.
Lowell
Boston
Lynn
Maiden
.
Mansfield
Marblehead
Marlborough
Tisbury
Boston
Boston
Taunton
Medfield
Medford
Medway
Boston
Melrose
Boston
Lawrence
Methuen
Boston
Middleborough
Lowell
Milford
Millbury
Milton
Boston
Brockton
Boston
Leominster
Needham
New
Bedford
Newburyport
Newton
Newton
30
30
78
98
100
102
106
103
31
107
108
109
110
111
160
32
33
156
112
113
115
33
116
34
99
117
35
118
104
119
120
121
36
55
37
101
122
124
124
126
127
Boston
38
Newton
128
Abington
Northampton
Cambridge
Dighton
Boston
Easton
1
130
61
73
39
76
P.D.
186
Name
8,
Part
III.
Location
North Weymouth Co-operative Bank
Weymouth
Norwood Co-operative Bank
Norwood
Old Colony Co-operative Bank.
Orange Co-operative Bank
Peabody Co-operative Bank
Taunton
Orange
Peabody
People's Co-operative Bank
Pilgrim Co-operative Bank
Pioneer Co-operative Bank
Pittsfield Co-operative Bank
Plymouth Co-operative Bank
Provident Co-operative Bank
Quincy Co-operative Bank
Randolph Co-operative Bank
Reading Co-operative Bank
Real Estate Co-operative Bank
Reliance Co-operative Bank
Revere Co-operative Bank
Rockland Co-operative Bank
Roger Conant Co-operative Bank
Roslindale Co-operative Bank
Roxbury Co-operative Bank
Salem Co-operative Bank
Sandwich Co-operative Bank
Saugus Co-operative Bank
Security Co-operative Bank
Sharon Co-operative Bank
Shawmut Co-operative Bank
Shipbuilders' Co-operative Bank
Shirley Co-operative Bank
Somerville Co-operative Bank
South Boston Co-operative Bank
Southbridge Co-operative Bank
South End Co-operative Bank
South Middlessex Co-operative Bank
South Shore Co-operative Bank
South Weymouth Co-operative Bank
Springfield Co-operative Bank
Stoneham Co-operative Bank
Stoughton Co-operative Bank
Suffolk Co-operative Bank
Swampscott Co-operative Bank
Taunton Co-operative
Telephone Workers' Co-operative Bank
Trimount Co-operative Bank
Troy Co-operative Bank
Union Co-operative Bank
Union Co-operative Bank
Victory Co-operative Bank
Volunteer Co-operative Bank
Wachusett Co-operative Bank
Wakefield Co-operative Bank
Walpole Co-operative Bank
Waltham Co-operative Bank
Ware Co-operative Bank
Wareham Co-operative Bank
Watch City Co-operative Bank
Watertown Co-operative Bank
Waverley Co-operative Bank
Webster Co-operative Bank
Weir Co-operative Bank
Wellesley Co-operative Bank
Westfield Co-operative Bank
West Medford Co-operative Bank
West Newton Co-operative Bank
West Roxbury Co-operative Bank
West Somerville Co-operative Bank
West Springfield Co-operative Bank
Whitman Co-operative Bank
Winchendon Co-operative Bank
Winchester Co-operative Bank
Winter Hill Co-operative Bank
Winthrop Co-operative Bank
Woburn Co-operative Bank
Wollaston Co-operative Bank
Worcester Co-operative Bank
Workingmen's Co-operative Bank
Wrentham Co-operative Bank
Fall River
Cohasset
Boston
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Pittsfield
Plymouth
Chelsea
Quincy
Randolph
Reading
Boston
Cambridge
Revere
Rockland
Salem
Boston
Boston
Salem
Sandwich
Saugus
Brockton
Sharon
Boston
Quincy
Shirley
Somerville
Boston
Southbridge
Boston
Framingham
Weymouth
Weymouth
Springfield
Stoneham
Stoughton
Boston
Swampscott
Taunton
Boston
Boston
Fall River
Boston
Pittsfield
Chelsea
Boston
Clinton
Wakefield
Walpole
Waltham
Ware
Wareham
Waltham
Watertown
Belmont
Webster
Taunton
Wellesley
Westfield
Medford
Newton
Boston
Somerville
West Spring field
Whitman
Winchendon
Winchester
Somerville
Winthrop
Woburn
Quincy
Worcester
Boston
Wrentham
SAVINGS AND LOAN ASSOCIATIONS
Attleborough Savings and Loan Association
Norton Savings and Loan Association
Plainville Savings and Loan Association
Attleboro
Norton
Plainville
18
18
18