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. . No. 8.
PUBLIC DOCUMENT . . .
SEVENTEENTH rA M M -L M B O fll
INBOARD OF Commissioner's
SAYINGS BANKS.
1892.
P akt
II.
CO-OPERATIVE BANKS, COLLATERAL LOAN COMPANIES,
MORTGAGE LOAN AND INVESTMENT COMPANIES.
BOSTON:
WRIGHT & POTTER PRINTING CO., STATE PRINTERS,
18 P o s t O f f i c e S q u a r e .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1893.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
|M \m
Conimontocalib of Iflassacbusctts.
O f f ic e
of th e
B o ard
of
C o m m iss io n e r s
S a y in g s B a n k s ,
of
C o m m o n w e a l t h B u i l d i n g , B oston , Feb. 20, 1893.
To the Honorable the Senate and House of Representatives in General Court
assembled.
The Board of Commissioners of Savings Banks has the
honor to present herewith Part Second of the seventeenth
annual report of the Board, relating to co-operative banks,
collateral loan companies and mortgage loan and investment
companies.
Part II. of the report includes the following-named institu
tions : —
115 co-operative banks, with assets of
.
2 collateral loan companies, with assets of
2 mortgage loan companies, with assets of
C o - o p e r a t iv e
.
.
.
.
.
$14,620,275 73
364,033 75
1,939,287 91
B anks.
4 -// s
Î
Permission has been given during^ the year to organize the
following banks, viz. : —
Attleborough Co-operative Bank of
Attleborough,..................................
Columbian Co-operative Bank of Cambridge,
...........................................
Danvers Co-operative Bank of Danv e rs,....................................................
Lynn Co-operative Bank of Lynn,
Merrimack Co-operative Bank of Lawrence,
...........................................
Needham Co-operative Bank of Needh a m ,...................................................
Palmer Co-operative Bank of Palmer, .
West Newton Co-operative Bank of
West N ew ton,...................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Date of Incorporation.
Date of Commencement of Business.
July 18, 1892,
Aug. 17, 1892.
May
6, 1892,
June 6, 1892.
Aug. 24, 1892,
Nov. 18, 1891,
Aug. 29, 1892.
Nov. 23, 1891.
April 2, 1892,
April 28, 1892.
April 21, 1892,
Nov. 24, 1891,
May
Feb.
June 16, 1892,
June 22, 1892.
9, 1892.
1,1892.
REPORT OF THE
IV
[Pub. Doc.
The Franklin Co-operative Bank has been wound up during
the year, and its assets distributed. The full amount paid in
by its members has been returned to them, and in addition a
good percentage o f profits.
A change in the form of annual returns required of the banks
has enabled us to give statistics regarding the practical work
ing of the banks, and to show the actual operations and results
o f the business for the year.
During the year fourteen banks have had shares mature ; the
number of months between the date of issue and the date of
maturity in the several banks was as follows : —
1 Bank, 1 Series,
“
2 U
“
1 CC
2 ((
1 CC
1 u
2 cc
1
1 cc
1
2 cc
1
1 cc
1
1 cc
1
2 cc
1
1 Cl
2 CC
1
1 Cl
1 Cl
1 Cl
1
1
1
.
148 months.
144
“
each series.
1C
141
139
“
each series.
CC
139
Cl
136
139
“
each series.
“
138
138
“
each series.
cc
138
Cl
137
136
“
each series.
CC
136
134
“
each series.
CC
134
U
133
CC
132
The Waltham Co-operative Bank retired shares at the expi
ration of 132 months, or two months previous to their maturity,
and the bank at the head of the foregoing list should have de
clared its shares matured four months earlier than it did.
Treating the shares of the two banks referred to as maturing
at the end of 134 and 142 months respectively, and it shows
the average life of the several series to be 137 months, the
same as the average since the maturing of shares was begun by
the banks.
The shares matured (including those retired by the Waltham
Bank) amounted to 997 in number and to $201,043.22 in value ;
183 o f the shares were pledged for loans on real estate, the
amount of such loans liquidated by the maturity of shares
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
v
being $35,600.00; 115 shares were pledged as security for
loans on shares amounting to $10,320.00.
The 997 shares were held by 267 members, an average of
less than 3 f shares to each; of these members 66 were bor
rowers and 201 held unpledged shares.
The loans on real estate were 45 in number, an average of
about $800 each, and the loans on shares were 35 in number,
an average of nearly $300 each.
The entire amount of dues paid in on the shares and returned
to the holders thereof, either in cash or as credits on loans,
was $135,023.00, while the accrued profits so returned
amounted to $66,020.22.
Taking the average life of the shares matured during the
year, it shows that in a loan of $1,000.00, the borrower would
have paid on an average $685.00 in dues, while the average
maturity value of five shares (the number required to be
pledged for a loan of the amount stated) is $1,014.80; the dif
ference of $329.80 shows the profits, or dividends, the borrower
would receive as an offset against the interest and premiums
paid on the sum borrowed.
The following table gives particulars of all shares matured
since September, 1888, the earliest date in the history of the
banks that such result was reached : —
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Cambridge Co-operative Bank,
.
Campello Co-operative Bank, Brockton,
Equitable Co-operative Bank, Lynn, .
Fitchburg Co-operative Bank,
Haverhill Co-operative Bank,
Holyoke Co-operative Bank,
Homestead Co-operative Bank, Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
2
4
6
11
1
2
3
4
5
1
3
4
1
2
3
4
5
6
7
1
2
3
4
5
6
1
1
2
3
4
5
6
7
8
9
1877, June,
1878, Dec.,
1878, June,
July,
1879, Dec.,
Jan.,
1880, June,
May,
1877, Sept.,
1878, Oct.,
1879, Oct.,
Oct.,
1880, Oct.,
Oct.,
1881, Oct.,
. Oct.,
1877, Oct.,
1879, Oct ,
Oct.,
1880, April,
1877, June,
1878, Dec.,
1878, June,
1879, Dec.,
1879, June,
1880, Dec.,
1880, June,
1877, Oct.,
1878, A u g.,
May,
1879, Oct.,
1880, Oct.,
July,
1881, April,
Jan.,
1881, Oct.,
July,
1880, June,
Au g^
1877, Sept.,
Hept.,
1878, March,
1878, Sept.,
Sept.,
1879, March,
1879, Sept.,
March,
March, 1880,
1880, Sept.,
Sept.,
March, 1881, March,
1881, Oct.,
Sept.,
Sept ,
1889, $142 $202 80
144
206 84
1889,
205 37
1890,
144
144
207 05
1890,
209 58
1892,
146
1888,
131
204 83
208 39
1889,
132
1890,
132
207 39
132
206 87
1891,
206 96
132
1892,
201 33
144
1889,
204 01
1891,
144
210 70
144
1892,
139
200 26
1889,
200 72
139
1889,
200 77
1890,
139
139
200 77
1890,
139
200 74
1891,
200 71
1891,
139
1892,
200 84
139
200 32
1888,
134
203 64
136
1889,
136
204 81
1890,
204 63
136
1891,
204 08
136
1892,
203 27
136
1892,
204 89
141
1892,
201 17
1888,
132
201 17
132
1889,
200 75
132
1889,
200 32
132
1890,
200 07
1890,
132
200 67
133
1891,
200 44
133
1891,
200 17
133
1892,
201 97
134
1892,
_
4
3
-
-
-
-
21
7
26
32
32
-
-
-
4
-
17
2
2
2
15
20
18
19
17
24
54
11
24
64
18
20
-
5
16
14
-
18
6
1
-
10
-
10
6
2
8
5
6
-
7
- 1
5
1
3
9
4
10
6
14
8
-
20
5
-
5
13
5
5
4
-
1
5
1
-
5
19
22
13
32
28
36
15
25 1
1
7
4
3
1
21
7
26
32
32
5
1
4
21
22
21
23
38
40
28
82
23
39
72
28
20
10
25
30
24
26
50
39
41
26
25
1
2
1
1
1
4
__
-
1
1
2
3
-
-
a
3
_
$800
600
4,200
1,400
4,950
6,400
6,200
-
4
4
2
2
7
7
6
1
1
1
5
15
8
10
13
14
11
21
10
13
12
8
6
1
7
7
6
-
7
7
6
-
-
-
-
5
3,240
400
3
10
7
7
14
10
9
8
9
2
-
-
5
17
3
1,000
3,050
2,800
2
-
7
4
4
2
1
6
2
1
3,600
1,200
200
-
-
10
1,900
-
-
1
2
1
2
1
4
4
3
1
1
2
1
3
2
2
-
-
-
1
-
_
-
-
Amount.
<D
2
1
5
5
1
1
7
7
S hare
L oans
Can c ’ l e d .
C
Amount.
Number.
Borrowers.
Holders.
Total.
1
7
-
R . E . L oans
Can celled .
Unpledged.
Pledged for
Share Loans.
Issue.
Pledged for
R. E Loans.
of
Maturity.
N o. of Shakes
Ma tu r e d .
per share.
of
Maturing Value
Series.
N A M E OF B A N K .
Amount paid in
per share.
Date
Date
Shares
matured.
“
-
-
1
2
7
1
3
4
7
1
2
3
2
$800
220
680
200
270
1,470
420
2,000
400
1,000
700
-
-
-
-
-
2,000
-
-
-
5
1
3,100
800
1,200
400
1,550
1,000
1,100
1,400
-
2
3
1
2
1
-
Total
Value of
850
1,200
800
550
600
$202 80
1,447 88
821 48
621 16
209 58
4,301 43
1,458 73
5,392 14
6,619 84
6,622 72
1,006 65
204 01
842 80
4,205 46
4,415 84
4,216 70
4,617 71
7,628 12
8,028 40
5,623 52
16,426 24
4,683 72
7,987 59
14,713 36
5,714 24
4,065 40
2,048 90
5,029 25
6,035 10
4,818 00
5,208 32
10,003 50
7,826 13
8,218 04
5,204 42
5,049 25
w
Si
*-o
O
w
H
O
H
g
oÜ
oo
Mechanics’ Co operative Bank, Taunton, .
.
Somerville Co-operative Bank,
.
Taunton Co-operative Bank,
Troy Co-operative Bank, Fall River, .
Worcester Co operative Bank,
.
W orkingm en’s Co-operative Bank, Boston,
1877,
1878,
1879,
1880,
1881,
1877,
1878,
1879,
1880,
1880,
1881,
1877,
1878,
1879,
1880,
1880,
1880,
1881,
1880,
1880,
1880,
1877,
1878,
1879,
1880,
1880,
1880,
1881,
Feb.,
Aug ,
June,
June,
June,
Oct.,
A u g.,
Oct.,
Oct.,
April,
Oct ,
Nov.,
Dec.,
Jan.,
March,
Dec.,
June,
Oct.,
A u g.,
Nov.,
April,
March,
March,
March,
April,
A ug.,
Feb.,
A u g.,
1889,
18S9,
1890,
1891,
1892,
1888,
1889,
1890,
1891,
1892,
1892,
1888,
1889,
1891,
1892,
1891,
1892,
1892,
1891,
1891,
1892,
1889,
1890,
1891,
1892,
1891,
1892,
1892,
137
137
137
137
137
134
137
138
138
138
138
132
133
134
136
139
139
138
137
136
139
138
137
137
138
135
134
134
200 60
200 05
•200 15
200 46
200 54
200 27
200 59
206 88
205 96
205 63
205 38
200 93
200 86
200 26
203 80
203 10
202 82
202 38
200 41
200 18
205 79
206 00
204 21
204 16
205 26
202 36
200 37
200 37
_
2
10
21
_
10
29
20
9
12
5
16
17
_
16
2
3
26
-
11
4
4
5
2
12
8
5
1
2
5
-
4
2
1
1
17
25
18
_
_
4
12
21
26
3
6
85
75
70
74
72
9
1
9
21
13
8
16
_
_
67
26
53
10
8
30
_
5
6
3
-
70
71
72
62
19
23
-
491
301
1,480
_
_
-
2
4
4
7
1
5
5
6
1
4
2
5
5
3
4
5
1
1
4
1
6
6
5
2
2
87
89
88
100
73
21
30
34
30
29
15
33
18
17
108
44
55
13
34
34
23
95
101
80
68
19
31
6
33
21
28
32
30
10
6
9
9
13
7
6
5
4
16
12
13
2
5
7
6
32
24
24
27
10
16
2
3
2
2,272
668
192
_
_
1
2
4
400
2,000
4,100
_
2,000
6,000
3,900
1,800
2,200
1,000
2,000
3,300
3
5
3
1
2
1
2
4
400
2,250
1,500
1,000
100
250
3
_
2
1
1
1
3
1
5
600
650
300
25
150
1,300
1,000
1,900
-
3,200
1
1
4
400
600
5,200
_
_
_
3
1
1
1
2,200
800
700
1,000
1
3
5
4
1
2
200
800
1,790
2,820
300
630
1
2
950
1,100
2
-
550
-
_
_
-
_
_
138 $95,440
_
17,452
17,804
17,613
20,046
14,639
4,205
6,017
7,033
6,178
5,963
3,080
6,630
3,615
3,404
22,010
8,936
11,155
2,630
6,813
6,806
4,733
19,570
20,625
16,332
13,957
3,844
6,211
1,202
-
_
_3
_
_
_
2
3
2
3
1
2
_
_
_
_
96 $34,575
20
45
20
00
42
67
70
92
80
27
70
69
48
42
40
40
10
94
94
12
17
00
21
80
68
84
47
22
$460,034 10
The bank named below did not allow the shares in its first, second and third series to mature, but they were retired at the end of 132 months, as shown below.
W altham Co-operative Bank,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
2
3
Oct.,
April,
Oct.,
1880,
1881,
1881,
Oct.,
April,
Oct.,
1891, $132
1892,
132
1892,
132
$198 08
198 08
198 08
32
14
3
10
10
128
76
10
131
118
34
26
18
6
1
8
5
6
3
$6,250
2,600
1
2
2
$50
950
700
$25,948 48
23,373 44
6,734 72
46
23
214
283
50
14
9
$8,850
5
$1,700
$56,056 64
SAYINGS BANK COMMISSIONERS.
Security Co-operative Bank, Brockton,
Sept.,
March,
Jan.,
Jan.,
Jan.,
A u g .,
April,
April,
April,
Oct.,
April,
D ec.,
Dec.,
Dec.,
Dec.,
June,
Dec.,
April,
M arch,
July,
Oct.,
Oct.,
Oct.,
Oct.,
Oct.,
June,
Dec.,
June,
. 8.]
Pioneer Co operative Bank, Boston,
1
2
3
4
5
1
2
3
4
5
6
1
2
3
4
1
2
3
1
1
2
1
2
3
4
1
2
3
viii
REPOET OF THE
[Pub. Doc.
During the year the sum of $4,585,522.00 has been paid into
the banks as monthly dues.
Within the same time 70,982 shares have been voluntarily
withdrawn, and the holders have had returned to them all the
dues they had paid in on the shares, say $1,761,439.00,
together with $203,244.75 in profits, less $29,493.74 which
was retained by the banks as “ withdrawal profits.”
Members to the number of 204 holding 1,255 shares, owing
to their inability or neglect to keep up the regular payments
of dues or interest for a period of six months or more, have
had their shares forfeited ; these parties have also had returned
to them all the dues they had paid, say $19,759.00, and also
$2,697.10 in profits, less the forfeiture profits of $573.28
retained by the bank.
During the same period 4,083 shares have been retired, and
the holders thereof have received back all the dues paid by
them, $376,250.00, and also all the profits credited to such
shares, say $114,506.75, no portion of the profits being retained
by the banks in such cases.
A consolidated statement of the receipts and disbursements
of the banks for the year ending October 31 is shown in the
following table : —
R e c e ip t s .
From dues capital, .
From interest..................................
From premiums,
From fines,
.
.
.
.
From transfer fees, .
From real estate loans repaid, .
From share loans repaid, .
From withdrawal profits,
From forfeiture profits, .
From forfeited shares,
From sale of real estate by forec l o s u r e ,......................................
Expense account credit, .
Matured share account,* .
Retired share account,* .
Bonds and notes sold,
Advance payments, .
Sundries...........................................
Cash on hand Oct. 31, 1891,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
D isbu rsem en ts .
$4,585,522
782,210
59,563
27,605
437
2,207,160
456,543
29,493
573
8,149
00
71
80
16
15
47
82
74
28
85
58,930
1,023
2,408
679
14,295
15,364
42,806
378,509
59
58
03
66
00
12
66
62
For real estate loans,
For share loans,
For
dues capital
(withdrawn)
.
.
.
.
For dues capital (forfeited),
For dues capital (retired), .
For dues capital (matured), .
For profits capital (withdrawn),
.
.
.
.
For profits capital (forfeited),
For profits capital (retired),
For profits capital (matured),
For temporary expenses.
For permanent expenses,
For forfeited shares,
Bonds and notes purchased, .
Interest, etc., .
.
.
.
Loans foreclosed and expenses thereon, .
Sundries,
.
.
.
.
Cash on hand Oct. 31, 1892, .
$8,671,277 24
*
Balances due and unpaid.
$4,514,993 62
535,804 40
1,761,439
19,759
376,250
135,023
00
00
00
00
203,244
2,697
114,506
66,020
68,258
5,062
8,234
27,112
4,633
75
10
75
22
64
70
04
50
66
97,199 19
45,991 99
685,046 68
$8,671,277 24
No. 8.]
SAYINGS BANK COMMISSIONERS.
IX
A comparison of the assets exhibited by the aggregate state
ment on page 233 of this report, with those of 1891, shows the
largest increase yet reported in any year, namely, $2,745,745.59; o f this increase, $2,302,233.15 is in loans on real
estate, and $78,320.58 in loans on shares. Out of 54,484
members, the present number belonging to co-operative banks,
11,514 are borrowers, making an average of about one in five.
The number of real estate loans is 9,807, and the amount in
vested in mortgages of real estate $13,093,401.77, an average
o f $1,335.10 to each loan.
Real estate by foreclosure held by co-operative banks at the
close of business October 31, 1890, amounted to .
.
.
In 1891 it had grown t o ........................................... ■
In 1892 it has reached the sum o f ...........................................
$49,833 19
67,556 86
98,480 99.
This statement shows an increase of 45.8 per cent, during
the year 1892, or $30,924.13. It also shows that real estate
by foreclosure has very nearly doubled in two years. It is a
cause of great regret that the proportion of the same to total
assets is two-thirds of one per cent. This result is far from
encouraging, and the causes which lie at the root of it ought
to be seriously considered by all concerned in the manage
ment of these associations.
A co-operative bank real estate mortgage ought to be one of
the very best securities for money loaned, and, if the valuation
of the property were conservatively made, it would be. The
fact that the principal of the mortgage is being reduced month
by month by the payment of dues makes the security more
ample as time goes on ; and, if it becomes necessary to fore
close such a mortgage, the amount due thereon ought to be
realized at the sale without difficulty. Under these circum
stances there could be no reason for co-operative banks to hold
so large an amount of foreclosed real estate.
The fact that so large a proportion of foreclosed property is
added year by year to the assets of these banks indicates
that too little judgment is exercised in the valuation o f prop
erty offered as security for loans ; and the risk of over-valua
tion is increased when a bank seeks loans on real estate
situated at a distance from the place of its organization. The
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Federal Reserve Bank of St. Louis
REPORT OF THE
X
[Pub. Doc.
practice is strongly to be condemned. I f the material for the
formation of a co-operative bank does not exist in a com
munity, it ought not to be formed. A co-operative association
is not a bank, and it needs material upon which to loan its
money as well as members to take shares and furnish lunds.
Both are essential requisites for the successful working of the
institution.
The prevailing principle of the co-operative
system being mutual help, no bank should ever undertake to
transact business simply for profit or far away from home. A
co-operative bank is in all respects a lucal institution; its mem
bers should be taken from the immediate vicinity where it is
formed, and its loans made upon real estate in the same
locality. The Board is of the opinion that, if these principles
are strictly adhered to, the accumulation of such assets in the
future will be greatly reduced.
P urchase or M oney for Repayment of a L oan.
The method of treating a transaction when by the purchase
of money at a lower rate a borrower repays a loan varies in
different banks. The large majority of banks treat such a
transaction as a new contract, and require the old mortgage
to be cancelled, and a new one given on the terms of the new
purchase. This course involves a discharge of the old mort
gage, the re-examination of the title, the drawing and recording
of new papers, and is attended with an expense to the borrower
of from three to five dollars, as circumstances may require. A
few banks treat such a transaction simply as an agreement to
reduce the interest, and file the new application with the old
papers, or cause a written agreement to be signed, covering the
new rate. In this form no additional expense is entailed on
the borrower. The Board has always held that, where a new
application is made and money bid off for the repayment of a
loan, an entirely new contract is made, which could only be
legally fulfilled by the execution of new papers; and in this
view it has been sustained by the opinion of able and dis
tinguished lawyers. They have felt, however, that to require
this course to betaken, although it was necessary for the safety
of the bank, was a hardship to the borrower, and exposed the
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Federal Reserve Bank of St. Louis
No. 8.]
SAVINGS BANK COMMISSIONERS.
xi
bank to the danger of undiscovered intervening liens.
This
subject was called to the attention of the Legislature in the re
port of this Board for 1888 ; but no recommendation was made,
and no legislation was enacted. The attention of the Legislat
ure is again called to the matter, with a view to the enactment
of a law providing that, when a borrower bids off money at a
lower rate, for the purpose of reducing the interest on an ex
isting loan to him, it shall be construed as an agreement to
reduce the interest, provided notice is given at the time, that
the bid is made for that purpose.
F ines.
A fine is a penalty imposed for default in the payment ot
dues, interest and premiums, and is fixed by statute at not
exceeding two per cent, a month on every dollar in arrears.
No fines can be charged after the expiration of six months from
the first lapse in any such payment, nor upon a fine in arrears.
The shares o f a member who continues in arrears more than
six months may, at the option of the directors, if the member
fails to pay the arrears within thirty days after notice, be
declared forfeited; and the withdrawing value of the shares at
the time of the first default is to be ascertained, and, after
deducting all fines and other legal charges, the balance remain
ing is to be transferred to an account, to be designated the
forfeited share account, to the credit of the defaulting member.
In the case of a non-borrower, such amount is paid to the
member after thirty days’ notice. In the case of a borrowing
member, his account is debited with the arrears of interest,
premium and fines of date of forfeiture, and the shares are
credited upon the loan at their withdrawing value. These are
the provisions of the statute relating to the assessment and
collection of fines.
It is the custom of some banks, especially in cases where the
security is ample, not to exercise the option given by the fore
going law, and forfeit the shares at the expiration of six months
from the first lapse, but to allow the default to continue, and
assess the fines for the full period of default. This is done on
the ground that, as the shares participate in the profits until
forfeiture, it is manifestly inequitable to the other members of
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Federal Reserve Bank of St. Louis
Xll
REPORT OF THE
[Pub. Doc.
the bank to credit interest to defaulted shares when no money
has been paid in for the use of the bank from the time of the
first lapse. It is equally unjust to the borrowing member to
charge fines for the full period of default at the rate of twenty-four per cent, per annum. Inasmuch as the law does not
provide what course shall be pursued in case a bank fails to
forfeit shares at the expiration of six months from the first lapse,
and the custom of the banks varies, it seems proper that some
amendment should be made to the law, setting forth clearly
the duty of the officers of a bank in such cases. When
instances of this nature have been brought to the attention of
the Board, they have recommended that interest be charged
on all sums in arrears at the expiration of the six months,
till final settlement.
This course seems to be just to all
parties : to the borrower, because he is credited with interest
upon his shares till forfeiture ; to the members of the bank,
since the defaulting member pays a corresponding rate on all
sums in arrears until settlement. We therefore recommend the
amendment of section 15 of chapter 117 of the Public Statutes,
in accordance with the foregoing suggestions.
Security for L oans on R eal E state.
Section 13 of chapter 117 of Public Statutes provides that for
every loan made a note secured by first mortgage of real estate
situated in this Commonwealth shall be given. In making
loans under this statute the usual practice of the banks has
been to take subsequent mortgages, provided the bank already
held the first mortgage and there were no intervening liens.
The Board has always ruled that, if a bank held the first lien
upon property, the intent of the law was complied with. This
view of the law enables banks which hold first mortgages upon
real estate to take a second or even third mortgage upon the
same property if there were no intervening liens; but as this
interpretation has been questioned by eminent legal authority,
it becomes of great importance to the banks to know whether
the subsequent mortgages which they hold are authorized by
law. I f this authority is correct, and a bank holding a first
mortgage upon real estate desires to increase its loan, it must
discharge the mortgage which it already holds and issue a new
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
xm
mortgage for the whole amount. This course gives the bank
a first mortgage for the full amount of its loan.
Less danger is likely to result, however, from intervening
liens if the first mortgage is held and a second mortgage for
the additional loan is given ; and as this practice is universally
acknowledged to be safe, it is recommended by the Board that
the statute be so amended as to allow co-operative banks to take
subsequent mortgages on real estate upon which they hold all
prior mortgages and liens.
W ithdrawal Profits.
Under the provisions of section 8, chapter 117 o f the Public
Statutes, shares may be withdrawn at any time by giving
thirty days’ notice of the intention to withdraw. Upon such
withdrawal the law provides that from the amount then stand
ing to the credit of the shares to be withdrawn there shall be
deducted all fines, a proportionate part of any unadjusted loss,
together with such proportion of the profits previously credited
to the shares as the by-laws may provide.
Under this law it is competent for each bank to determine
by its by-laws what proportion of profits it will retain. The
practice of the banks varies on this point; the large majority
retain one-fourth part of the profits. Some have adopted a sliding
scale by which the proportion of profits to be retained grows less
with each succeeding year, and a few banks deduct no profit
at all, or not after the first four or five years. This lack of
uniformity, it seems to us, is uncalled for.
The principle
underlying withdrawal profits is a simple one. The members
of a building association being stockholders, and not mere de
positors, the right to withdraw is not an inherent one. It is a
concession, for which some equivalent should be given. Upon
this basis the law recognizes that it is just that a withdrawing
member should leave some part of his profits, the amount to
be determined by the by-laws. In determining what propor
tion of profits shall be retained due regard should be had to
the expenses and possible future losses. Shares which are in
the banks for a short period are not liable to so large a pro
portion of losses and expenses as those which continue through
a longer period of years. It seems but just, then, that mem-
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Federal Reserve Bank of St. Louis
XIV
REPORT OF THE
[Pub. Doc.
bers who withdraw in the early years of their shares should
leave a larger per cent, of profits than those who withdraw
afterwards, whose profits have contributed through a long
period of years to the expenses and losses, if any, incurred by
the bank.
Upon this view of the matter, it would seem that a sliding
scale of withdrawal profits were more equitable than any other,
and the adoption of such a scale by all the banks is earnestlv
recommended by the Board.
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
xv
MORTGAGE LOAN COMPANIES.
The two companies of this character under the supervision
o f this Board, viz., —
The National Mortgage and Debenture Company and
The Globe Investment Company,
have been examined as usual at their Boston offices by expert
accountants, who reported fully to this Board.
As stated in our last report, the National Mortgage and
Debenture Company is in default on the interest on its
debenture bonds, and a committee of the bondholders, working
in harmony with the officers of the company, is managing the
mortgages held by trustees as security for the bonds.
These bonds were issued in series, as follows : —
Series A , amounting to
$18,000 00
Series B, amounting to
1,800 00
Series C, amounting to
482,188 00
each series being separately secured.
Much o f the mortgage security is in default, and the com
mittee is taking action to procure possession of property when
requisite, and to otherwise enhance and protect the value of
the securities; this is a slow and tedious process, but the com
mittee intend as soon as possible to convert the properties into
cash, and make payments on the bonds. Since our last report,
they have paid all the interest due on the bonds issued in
Series A , together with forty per cent, o f the principal
thereof.
The Globe Investment Company has continued to meet its
obligations for interest, and has done some new business. This
company, like all others in the same line of business, is working
to improve the value o f its securities, and hopes eventually to
realize thereon, to the advantage alike of the holders of its
obligations and its stockholders.
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Federal Reserve Bank of St. Louis
REPORT OF THE
XVI
[Pub. Doc.
COLLATERAL LOAN COMPANIES.
There are but two companies chartered in this State for the
purpose of loaning money on chattel mortgages on articles of
personal property left in pawn or pledge, v iz .,—
The Collateral Loan Company and
The Workingmen’s Loan Association, both of Boston.
These companies afford our working people, who by stress
.o f circumstances are obliged to hire money on personal security,
the means o f obtaining their loans at reasonable rates of
interest; and the success which these two institutions have
achieved demonstrates the need of them, and the great good
which they are doing in the community. Both companies have
been examined by an expert, chosen by the Board, as in pre
vious years, and their reports in detail are on file in this office.
A balance sheet showing the condition of these institutions at
the close of business, Oct. 31, 1892, will be found at the end
o f this volume.
FOREIG-N COMPANIES.
No foreign companies doing business in the manner o f a
co-operative bank have been licensed to do business in this
Commonwealth during the year; one formal application was
made, and withdrawn after a hearing.
The three companies reported in 1891 still continue to do
business, viz., —
The American Building, Loan and Investment Society of
Chicago, 111.,
The Minnesota Saving Fund and Investment Company of
Minneapolis, M inn., and
The Security Savings and Loan Association of Minneapolis,
Minn.
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK COMMISSIONERS.
xvii
As a condition precedent to the admission of such companies
to do business in Massachusetts, they are obliged to deposit
with the Treasurer and Receiver-General of the Commonwealth
the sum o f twenty-five thousand dollars, and, after admission,
fifteen per cent, of all sums collected by them in the State,
all as a fund to be held for the safety and security of the
Massachusetts depositor. At the close of business, Oct. 31,
1892, there was on deposit with the Treasurer and ReceiverGeneral under this provision of the statute the following
sums : —
American Building, Loan and Investment Society, $48,852.92, securing deposits by citizens of the State to the amount
of $159,019.47 ; Minnesota Saving Fund and Investment Com
pany, $48,460.74, securing deposits by citizens of the State
amounting to $156,404.93; Security Savings and Loan Asso
ciation, $60,811.72, as security for deposits made by citizens
o f this State amounting to $238,744.80. These figures aggre
gate a security fund of $158,125.48, and a total amount de
posited of $554,169.87.
A sworn statement of condition, or balance sheet of the assets
and liabilities of the companies, and a detailed statement giving
amounts transacted by each agent, agency or local board, have
been made monthly to this Board, and all other conditions of
their licenses have been complied with.
F orm of L icense.
To whom, it m ay concern :
By virtue o f the authority given to the Board of Commis
sioners of Savings Banks by the provisions of chapter 310 of
the Acts of the Legislature of the Commonwealth of Massachu
setts for 1890, approved May 21, the * * * having depos
ited with the Treasurer and Receiver-General of this Common
wealth the requisite amount required by said chapter 310, is
hereby authorized to transact business in said Commonwealth
till the authority hereby granted is suspended or revoked, in
the manner set forth by its charter and by-laws at the date of
its application, and submitted with said application, subject to
the following conditions and restrictions ; —
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Federal Reserve Bank of St. Louis
REPORT OF THE
XV111
[Pub Doc.
C o n d it io n s a n d R e s t r ic t io n s .
1.
A sworn statement of condition or balance sheet of the assets
and liabilities of said company as per books, on the last day of each
month, shall be made to this Board of Commissioners within fifteen
days after the expiration of each month, in such form as shall be
satisfactory to said Board of Commissioners.
2.
A sworn statement in detail, giving amount transacted by each
agent, agency, local board, etc., shall be made to said Board within
ten days after the expiration of each month, showing the aggregate
amount of business transacted in this Commonwealth for the month
previous.
3.
A certified copy of the certificate received annually from the
bank examiner, and certified copies of all returns made to the State
authorities, must be made to this Board.
4.
The required fifteen per centum of all business transacted in
said Commonwealth, to be deposited with the Treasurer and ReceiverGeneral of this Commonwealth, shall be so deposited on or before
the twentieth day of each month for the business transacted in the
month previous, under the special penalty of revocation of this
license.
5.
The provisions of
said
chapter 310
not requiring annual
examinations by this Board, the impropriety of said association pub
lishing or advertising that they are under the supervision of the
Board of Commissioners of Savings Banks is apparent, and is hereby
¡prohibited.
6.
This
license or
authority for transacting business in this
'Commonwealth shall be published in full and furnished to each and
•every person transacting business therewith, and may be revoked
without notice.
The statute governing the admission of foreign corporations
of this character to do business in this State does not require
examinations to be made of their affairs, and in consequence
no examinations have been made. The institutions of our own
State, whose assets exceed five hundred and twenty-five
millions, under the supervision of this Board, call for the
closest attention, and for such continuous supervision as to pre
clude the Board from making examinations away from home,
even if it were required to do so.
The difficulty of passing upon the value of loans in other
parts of the country, the difference in character of business and
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Federal Reserve Bank of St. Louis
No. 8.]
SAYINGS BANK CO M M ISSIO N E D .
xix
methods of its transaction, the entire absence of proper means
of estimating the character of the managers of foreign com
panies, would seem to make it unwise for any other persons
to make stated examinations except experts resident in that
part of the country where the association is formed, and cogni
zant with men and affairs at that point.
I f foreign corporations are to be admitted to do business here
to any greater extent than at present, the responsibility of
their supervision ought to be transferred to some other depart
ment or commission. The many inquiries and verbal applica
tions of companies of all kinds which this Board receives
indicate that Massachusetts is looked upon as a field “ ripe for
the harvest” by foreign companies.
Companies, however, which do business in the manner of a
co-operative bank must first obtain permission of this Board
before commencing business ; other companies, however, labor
under no such restriction or difficulty, and consequently we find
all sorts and conditions of institutions calling themselves banks,
trust companies, building associations or what not, seeking
admission to do business here, and many of them may be
admitted by simply filing with the Commissioner of Corpora
tions certain facts required by chapter 330, Acts of 1884. As
they are under no supervision, and subject to no authority,
they delude our people and oftentimes do business hazardous
to the public.
It would seem to be contrary to public policy, as wrell as
unfair to our own institutions, to allow foreign corporations to
be admitted to do business in this Commonwealth on any other
basis than that governing our domestic concerns. A uniformity
of principle and of methods of business preserves a healthful
competition which is characteristic of institutions doing the
same kind of business on the same terms and under the same
restrictions ; while to admit foreign corporations upon any
other basis and terms gives them an undue advantage which
makes competition unhealthful, and which in the end is likely
to be disastrous to our domestic concerns. The principle
involved is a general one, applicable to all classes of corpora
tions, manufacturing, insurance, etc., as well as financial; and
we strongly recommend the amendment of the law, or the
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Federal Reserve Bank of St. Louis
XX
REPORT OF SAYINGS BANK COM’RS. [P. D. No. 8.
enactment of a new law which shall place all foreign institu
tions which seek to do business in this State, of a similar
character to our domestic concerns, upon the same footing and
under the same limitations as our own.
Conclusion.
Before the enactment of chapter 126 o f the Acts of 1890, the
annual report o f the Board was issued in one volume, of which
twenty-five hundred copies were printed. Since the passage
o f that act, which provides that the report be issued in two
parts, and reduces the number o f copies o f Part II. from twentyfive hundred to fifteen hundred, the supply of this part of the
report has been inadequate to meet the demand for them. The
Legislature of 1892*authorized the Board to issue two thousand
copies o f Part II., and it is believed that this number will be
sufficient to meet the present demand.
In the following pages will be found a balance sheet of the
condition of each company required to be included in this part
of the report, together with the laws relating to co-operative
banks and mortgage loan and investment companies, corrected
to date.
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Federal Reserve Bank of St. Louis
W IL L IA M
D.
STARK ES
W H IT O N ,
T.
TREFRY,
WARREN
E.
LOCKE,
Board of Commissioners of Savings Banks.
ABSTRACT OF ANNUAL REPORTS
OF TH E
CO-OPERATIVE BANKS,
S H O W IN G T H E I R
C O N D IT IO N
AT
C LOSE OF B U S IN E S S
October 31, 1892.
M a k e in C o n f o r m it y t o t h e R e q u ir e m e n t s o f C h a p t e r 159 o f t h e
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Federal Reserve Bank of St. Louis
A cts o f 1889.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
4
REPORT OF THE
[Pub. Doc,
Present number of b o r r o w e r s ,.............................................
Present number of n o n -b o r r o w e r s ,....................................
. 69
. 263
. 37
Number of loans secured by first mortgage of real estate, .
Number of loans on s h a r e s ,...............................................................
Largest loan to any one m em ber,......................................................
Smallest loan to any one m e m b e r , .............................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner: July 14.
$4,000
10
312
2,822
00
00
32
70
1889,
1890,
1890,
1891,
1891,
1892,
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Federal Reserve Bank of St. Louis
$39 58
32 46
25.56
18 87
12 39
6 10
5
6
•
.
Total
Value.
794
356
205
236
448
337
1
2
3
4
Dues paid in advance,
Total, .
Value per
Share.
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N o. of
Shares.
D ate op
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$31,426
11,555
5,239
4,453
5,550
2,055
52
76
80
32
72
70
Dues capital, as per general
ledger....................................
Profits capital, as per general ledger,
$56,016 00
4,451 82
186 00
$60,467 82
Total,
.
.
.
.
$60,467 82
N o . 8 .]
5
SAYINGS BANK COMMISSIONERS.
A L L ST O N C O -O P E R A TIV E B A N K — (W A R D 25) BOSTON.
Incorporated April 8, 1887. Commenced business April 9, 1887.
Capital to be accumulated, $1,000,000.
______
•
G e o r g e F. T a f t , Secretary.
H o m e r R o g e r s , President.
G e o r g e F. T a f t , Treasurer.
Names of security committee:
J a m e s I. W
in g a t e ,
F re elo n M o r r is ,
S. W . B r o w n , Jr.
Regular meetings the second Saturday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$197,230 00
Loans on real estate, .
10,540 00
Loans on shares, .
455 32
Permanent expense account,
448 94
Temporary expense account,
3,595 71
Real estate by foreclosure, .
472 17
Unpaid interest, .
70 40
Unpaid premiums,
71 10
Unpaid tines,
12,798 93
Cash in hands of treasurer, .
$225,682 57
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$199,593
19,880
4,332
305
141
1
115
862
23
426
00
63
21
45
22
50
99
54
54
49
$225,682 57
Number of shares issued during the year,
.
.
.
.
.
1,860
Number of shares now in f o r c e , ..................................................... 6,863
Number of shares now borrowed upon............................................... 1,348
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,137
Number of shares forfeited during the year,.............................................23
Number of shares retired during the y e a r , .............................................102
Amount of dues received during the y e a r , ......................................................$79,851 00
Highest premium received during the year.........................................................
10
Lowest premium received during the year...........................................................
05
Number of members withdrawn during the year,
.
.
.
.
124
Present number of members,....................................................................... 677
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Federal Reserve Bank of St. Louis
6
REPORT OF THE
[Pub. Doc
Present number of b o r r o w e r s ,.................................................................. 110
Present number of non-borrowers,.................................................................. 567
Number of loans secured by first mortgage of real estate, . . .
96
Number of loans on shares................................................................................. 39
Largest loan to any one member........................................................................... $5,000 00
Smallest loan to any one member,.......................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
1,718 48
Amount of profits credited to shares during the y e a r ,....................................
11,050 35
Date of examination by commissioner : April 20.
April,
July,
Jan.,
July,
Jan,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
Suspense profits,
Dues paid in advance,
Total, .
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Federal Reserve Bank of St. Louis
319
71
407
386
929
478
413
342
784
1,031
942
761
$78
74
66
58
51
43
36
29
22
16
10
4
Total
Value.
Value per
Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
94
76
59
70
06
65
51
60
89
39
10
00
$25,181
5,307
27,102
22,658
47,434
20,864
15,078
10,123
17,945
16,898
9,514
3,044
86
96
13
20
74
70
63
20
76
09
20
00
Dues capital, as per general
ledger,
Profits capital, as per general ledger,
Unpaid dues,
$199,593 0C
19,880 6,
1,910 0(
'
2 16
228 00
•
•
• $221,383 63
Total,
.
.
.
.
$221,383 6E
No, 8.]
7
SAYINGS BANK COMMISSIONERS
A M E SB U R Y C O -O P E R A TIV E B A N K — AMESBTJRY.
Incorporated April 10, 1886. Commenced business May 1, 1886.
Capital to be accumulated, $1,000,000.
W . W . H a w k e s , President.
C h a s . M. K e l l y , Secretary.
C h a s . M. K e l l y , Treasurer.
Names of security committee:
W . W . H aw kes,
J o h n C u b h ie r , Jr.,
R . E . B r ig g s ,
G eo. F . P ik e ,
F. F. M o r r i l l .
Regular meetings the first Monday of each month.
I
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Cash in hands of treasurer,
$68,679
6,525
184
755
132
4,272
60
00
07
60
68
76
$80,549 71
Hues capital, .
.
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
$68,703
9,859
1,418
535
33
00
11
70
11
79
$80,549 71
Number of shares issued during the y e a r , ............................................ 311
Number of shares now in f o r c e , .....................................................1,710
Number of shares now borrowed upon,..................................................... 576
Largest number of shares held by any one member,
.
.
.
.
25
Number of shares withdrawn during the year...........................................490
Number of shares forfeited during the y e a r ,............................................ 17
Number of shares retired during the y e a r , ............................................ 150
Amount of dues received during the y e a r , ..................................................... $22,409 00
Highest premium received during the year.........................................................
15
Lowest premium received during the y e a r , .....................................................
05
Number of members withdrawn during the y e a r ,....................................87
Present number of m em bers,.......................................................................268
Present number of borrowers,
.
. • ............................................ 70
Present number of non-borrowers,..............................................................198
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
8
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
51
Number of loans on s h a r e s ,...................................................................... 19
Largest loan to any one m e m b e r ,.......................................................................$4,000 00
Smallest loan to any one member,.......................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
952 42
Amount of profits credited to shares during the y e a r ,....................................
4,272 43
Date of examination by commissioner : April 28.
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
Nov ,
May,
N ov.,
M ay,
N ov.,
May,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
.
.
.
.
70
43
171
230
171
124
159
49
144
181
100
95
173
.
.
.
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$95
86
77
69
61
54
46
39
32
25
18
12
6
.
09
41
98
80
85
14
65
38
32
47
82
36
09
Total
Value.
N o. of
Shares.
1
2
3
4
5
6
7
8
9
10
11
12
13
D ate of
I ssue .
Value per
Share.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$6,656
3,715
13,334
16,054
10,576
6,713
7,417
1,929
4,654
4.610
1,882
1,174
1,053
30
63
58
00
35
36
35
62
08
07
00
20
57
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$68,703 00
9,859 11
1,429 00
220 00
$79,991 11
$79,991 11
No. 8.]
9
SAYINGS BANK COMMISSIONERS.
A R L IN G T O N C O -O P E R A TIV E B A N K — A R L IN G T O N .
Incorporated Oct. 30, 1889. Commenced business Nov. 14, 1889.
Capital to be accumulated, $1,000,000.
G e o . D. M o o r e , President.
W
arren
R. W a l t e r H i l l i a r d , Secretary.
A. P e ir c e , Treasurer.
Names of security committee:
G eo . D . M o o r e ,
O. B. M a r st o n ,
S y l v e s t e r St ic k n e y .
Regular meetings tbe second Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of secretary,
$36,850
1,657
124
2
00
00
64
75
15
14 56
3,305 24
$38,849
2,978
89
33
2
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
Forfeited share account,
$41,954 34
$41,954 34
Number of shares issued during the year.................................
Number of shares now in f o r c e , .............................................
Number of shares now borrowed upon,....................................
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
.
.
.
Amount of dues received during the year, .
.
.
.
Highest per centum of interest received during the year: 1\.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,.
Present number of members.........................................................
Present number of b o r r o w e r s ,.............................................
Present number of n o n -b o r r o w e r s ,....................................
Number of loans secured by first mortgage of real estate, .
Number of loans on shares...........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
60
86
98
90
. 775
1,831
. 304
. 25
. 244
.
2
.
31
257
34
223
18
16
$20,365 00
10
REPORT OF THE
[Pub. Doc.
Largest loan to any one m em ber,........................................................................$5,000 00
Smallest loan to any one member,........................................................................
40 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
199 23
Amount of protits credited to shares during the y e a r ,....................................
2,007 00
Date of examination by commissioner: June 30.
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
1889,
1890,
1890,
1891,
1891,
1892,
1
2
3
428
357
197
4
121
5
294
434
.
.
.
.
6
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$39
32
25
18
12
54
46
57
89
41
6 11
.
Total
Value.
Value per
Share.
D ate of
I ssue .
No. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$16,923
11,588
5,037
2,285
3,648
2,651
12
22
29
69
54
74
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$38,849 00
2,978 60
347 00
40 00
$42,174 60
Total,
.
.
.
.
$42,174 60
No. 8.]
SAYINGS BANK COMMISSIONERS
11
A T H O L C O -O P E R A TIV E B A N K — AT H O L .
Incorporated July 1, 1889. Commenced business July 15, 1889.
Capital to be accumulated, $1,000,000.
G eo rg e D. B a t e s , President.
C. F . R
C. F. R ic h a r d s o n , Treasurer.
ic h a r d s o n ,
Secretary.
Names of security committee:
L e r o y C. P a r m e n t e r ,
L e y i B. F a y ,
A rthur F . T y le r .
Regular meetings the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares,.
Permanent expense account,
Cash in hands of treasurer,
L ia b il it ie s .
$29,075
2,107
100
3,026
00
00
00
05
$34,308 05
Dues capital, .
.
.
.
Profits capital (all series),
Interest,...................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$31,389
2,164
671
17
15
85
30
16
17
$34,308 05
Number of shares issued during the y e a r , .............................................374
Number of shares now in f o r c e , ......................................................1,256
Number of shares now borrowed upon,..................................................... 256
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
.
147
Number of shares forfeited during the year,.............................................7
Amount of dues received during the y e a r , ......................................................$13,918 00
Highest per centum of interest received during the year: 6 ^ .
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
.
.
.
.
25
Present number of members,........................................................................192
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
01
66
45
90
25
76
50
27
25
12
REPORT OF THE
[Pub. Doc.
Present number of borrowers.............................................................................. 39
Present number of non-borrowers,.................................................................. 153
Number of loans secured by first mortgage of real estate, . . .
42
Number of loans on s h a r e s ,............................................................................. 12
Largest loan to any one m em ber,........................................................................ $3,600 00
Smallest loan to any one m e m b e r , ...............................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
115 56
Amount of profits credited to shares during the y e a r ,....................................
1,457 85
Date of examination by commissioner : April 18.
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1
2
3
4
5
6
7
436
122
68
195
66
185
184
8
.
.
.
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$43
36
29
22
16
10
4
.
56
44
55
86
37
09
00
Total
Value.
O
m
Value per
Share.
D ate o r
I ssue .
N o. of
Shares.
Reconciliation of Share Account with Dues and Profits Capital.
$18,992
4,445
2,009
4,457
1.080
1,866
736
16
68
40
70
42
65
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$31,389 00
2,164 01
92 00
57 00
Total,
.
.
.
.
$33,645 01
No. 8.]
13
SAYINGS BANK COMMISSIONERS
A T L A N T IC C O -O P E R A TIV E B A N K — L A W R E N C E .
Incorporated March 26, 1891. Commenced business April 30, 1891.
Capital to be accumulated, $500,000.
F . A . S h e r m a n , Secretary.
T h o m a s B e v in g t o n , President.
W . D . C u r r i e r , Treasurer.
Names of security committee:
T h o m a s B e v in g t o n ,
John H a ig h ,
Jam es H . M a r t in ,
S eth F . D a w so n ,
J o h n O. B a l t e r s h i l l .
Regular meetings the last Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid fines,
Cash in hands of treasurer,
L ia b il it ie s .
$13,750
1,100
189
5
7
00
00
27
34
89
$15,052 50
Dues capital, .
.
.
.
Profits capital (all series),
Interest......................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$14,284
565
74
11
8
91
7
3
5
$15,052 50
Number of shares issued during the y e a r , ............................................ 563
Number of shares now in f o r c e , .....................................................1,128
Number of shares now borrowed upon,.................................................... 161
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year........................................... 252
Number of shares forfeited during the y e a r ,.............................................19
Amount of dues received during the y e a r , ..................................................... $12,009 00
Highest per centum of interest received during the year: 7
Lowest per centum of interest received during the year: 6.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
57
25
56
66
25
34
94
30
63
14
REPORT OF THE
[Pub Doc.
Number of members withdrawn during the year, .
.
.
.
Present number of members.......................................
Present number of borrowers,...................................
Present number of non-borrowers,............................................
. 45
. 177
. 18
Number of loans secured by first mortgage of real estate, .
. 12
Number of loans on s h a r e s ,....................................
.
6
# #
Largest loan to any one member, .
.
.
.
.
.
.
Smallest loan to any one member,.....................................................
# ,
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
.
•
.
Date of examination by commissioner: March 15.
$1,800
100
88
578
00
00
17
03
.
.
.
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total
Value.
1891,
1891,
1891,
1892,
1892,
1892,
1892,
Value per
Share.
April,
July,
O ct,
Jan ,
April,
July,
Oct.,
No of
Shares.
D ate of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
1
2
3
4
5
6
7
463
51
160
70
260
50
74
$19 90
$9,213
848
2,146
717
1,851
201
74
16
13
10
7
4
63%
41 %
24%
12
03%
1 00
70
38
40
15
20
75
00
$15,052 58
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
Suspense profits,
Total,
.
.
.
.
$14,284 00
565 57
203 00
01
$15,052 58
No. 8.]
15
SAYINGS BANK COMMISSIONERS.
A T T LE B O R O U G H C O -O P E R A TIV E B A N K — A T T L E
BOROUGH.
Incorporated July 18, 1892. Commenced business Aug. 17, 1892.
Capital to be accumulated, $500,000.
F r a n k W . C a r p e n t e r , Secretary.
C h a r l e s N . G r a n t , President.
F r a n k W . C a r p e n t e r , Treasurer.
Names of security committee :
W . L. E l l io t ,
A. N. B r o w n e l l ,
M. F. A s h l e y .
Regular meetings the third Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Permanent expense account,
Cash in hands of treasurer,.
$400 00
36 15
604 15
Dues capital, .
.
.
.
Interest.......................................
Premiums..................................
F i n e s , ....................................
$1,040 30
Number of shares issued during the y e a r , .............................................373
Number of shares now in force..................................................................... 373
Number of shares now borrowed upon............................................................... 6
Largest number of shares held by any one member, .
.
.
.
20
Amount of dues received during the y e a r , ......................................................
Highest per centum of interest received during the year: 6 ^ .
Lowest per centum of interest received during the year: 6 ^ .
Present number of members,.............................................................................73
Present number of b o r r o w e r s ,...................................................................... 1
Present number of n o n -b o r r o w e r s ,...........................................................72
Number of loans secured by first mortgage of real estate, .
.
.
1
Largest loan to any one m e m b e r,.......................................................................
Smallest loan to any one member,.......................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Date of examination by commissioner : December 29.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,034 00
5 50
08
72
$1,040 30
$1,034 00
400 00
400 00
36 15
16
REPORT OF THE
[Pub. Doc
N o. of
Shares.
Value per
Share.
Total
Value.
D ate of
I ssu e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
1
373
$3 00
$1,119 00
August, 1892, .
Total,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$1,119 00
Dues capital, as per general
ledger.....................................
Unpaid dues,
Total,
.
.
.
.
$1,034 00
85 00
$1,119 00
No. 8.]
17
SAYINGS BANK COMMISSIONERS.
B A L D W IN S V IL L E
w
C O -O P E R A T IV E B A N K — B A L D W IN S V IL L E .
Incorporated July 16, 1889. Commenced business July 24, 1889.
Capital to be accumulated, $1,000,000.
H. M. S m a l l , President.
G e o . E. B r y a n t , Secretary.
G e o . E . B r y a n t , Treasurer.
Names of security committee :
E. N. M u l l in s ,
G eorge P a r t r id g e ,
E. L. T h o m p s o n .
Regular meetings the fourth Wednesday of each month.
B alance S heet, October 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Temporary expense account,
Unpaid fines,
Cash in hands of treasurer,
$11,450
795
97
7
1,325
00
00
20
38
10
$13,674 68
Dues capital, .
.
.
.
Profits capital (all series),
Interest.......................................
Premiums,
.
.
.
.
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Withdrawal profits,
$12,402
899
210
22
00
80
72
19
25
47 05
76 72
15 95
$13,674 68
Number of shares issued during the y e a r , ............................................. 116
Number of shares now in f o r c e , ...............................................................446
Number of shares now borrowed u p o n , .................................................116
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 67
Amount of dues received during the y e a r , ......................................................$5,303 00
Highest per centum of interest received during the year: 6^.
Lowest per centum of interest received during the year: 6£.
Number of members withdrawn during the year......................................20
Present number of members................................................................................ 82
Present number of b o r r o w e r s ,.....................................................................18
Present number of non-borrowers...................................................................... 64
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
18
REPORT OF THE
[Pub. Doc.
Number of loans secured by first mortgage of real estate, . . .
14
Number of loans on shares, .
............................................................... 4
Largest loan to any one member............................................................................f 1,500 00
Smallest loan to any one m e m b e r , ...............................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
14 30
Amount of profits credited to shares during the y e a r ,....................................
598 39
Date of examination by commis^bner : March 31.
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
231
8
32
49
22
78
26
4
5
6
.
/
7
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$43
36
29
22
16
Total
Value.
1
2
3
Value per
Share.
N o. of
Shares.
D ate o r
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
36
33
49
84
38
10 10
4 00
16
64
68
16
36
80
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$12,402 00
899 80
332 00
12 00
.
•
$10,016
290
943
1,119
360
787
104
•
$13,633 80
Total....................................
$13,633 80
No. 8.]
19
SAYINGS BANK COMMISSIONERS
B E R K SH IR E
CO U N TY
CO -O P E R A TIV E
ADAM S.
B A N K — N O R TH
Incorporated Nov 8,1890. Commenced business Nov. 19, 1890.
Capital to be accumulated, $1,000,000.
G eo. H . K
earn,
President.
J a m e s W . H a r d e n b e r g h , Secretary.
J a m e s W . H a r d e n b e r g h , Treasurer.
Names of security committee:
W . C. E l l i s ,
T. W . S y k e s ,
G eo . H a m e r .
Regular meetings the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Profit and loss account,
Cash in hands of treasurer,
$9,450
255
175
361
68
772
00
00
42
40
65
19
$10,565 00
461 41
56 25
Dues capital,
Interest, .
Fines,
•
$11,082 66
$11,082 66
Number of shares issued during the year,
Number of shares now in f o r c e , ....................................
Number of shares now borrowed upon,
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year, .
Highest per centum of interest received during the year: 6
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
Present number of members,.............................................
Present number of b o r r o w e r s ,....................................
Present number of non-borrowers....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
148
570
'77
25
212
$6,651 00
25
80
10
70
20
REPORT OF THE
Number of loans secured by first mortgage of real estate, . . .
Number of loans on shares............................................................................ 3
Largest loan to any one member,...............................................................
Smallest loan to any one m e m b e r , ......................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892,
Date of examination by commissioner : October 10.
[Pub. Doc,
7
$2,750 00
50 00
175 42
N ov.,
April,
N ov.,
M ay,
1890,
1891,
1891,
1892,
.
.
.
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
397
35
54
84
$24 00
19 00
12 00
6 00
Total
Value.
1
2
3
4
Value per
Share.
N o. of
Shares
D ate o r
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$9,528
665
648
504
00
00
00
00
Dues capital, as per general
ledger.....................................
Unpaid dues,
$10,565 00
780 00
Total....................................
$11,345 00
No. 8.]
21
SAVINGS BANK COMMISSIONERS.
B E V E R L Y C O -O P E R A TIV E BAÜTK — B E V E R L Y .
Incorporated Aug. 25, 1888. Commenced business Sept 18,1888.
Capital to be accumulated, $1,000,000.
Sid n e y W . W
in s l o w ,
President.
C h a u l e s F . L e e , Secretary.
F r a n k l in L e a c h , Treasurer.
Names of security committee:
W m . J. B e r r y ,
G eo . B u t m a n ,
Sa m u e l
J o h n A . M o u lto n ,
A b b o t t J o h n so n ,
Co le .
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid tines,
Cash in hands of secretary,.
Cash in hands of treasurer,.
$60,725
2,380
382
25
10
3,310
00
00
00
75
00
21
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$66,862 96
$60,084
5,875
224
11
360
147
146
13
00
57
08
52
20
94
30
35
$66,862 96
0
Number of shares issued during the y e a r , .............................................768
Number of shares now in f o r c e , ......................................................2,200
Number of shares now borrowed u p o n , ............................................. 278
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................398
Number of shares forfeited during the y e a r ,............................................ 11
Amount of dues received during the y e a r , .....................................................
Highest per centum of interest received during the year: 9 ^ .
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,....................................30
Present number of m em bers,....................................................................... 377
Present number of b o r r o w e r s , .............................................................. 65
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$22,362 00
22
REPORT OF THE
[Pub. Doc
Present number of non-borrowers,.............................................................. 312
Number of loans secured by first mortgage of real estate, . . .
46
Number of loans on s h a r e s ,........................................................................18
Largest loan to any one m em ber,........................................................................$5,000 00
Smallest loan to any one member,.......................................................................
10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .409 63
3,150 69
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : February 19.
Sept., 1888,
March, 1889,
Sept., 1889,
March, 1890,
Sept., 1890,
March, 1891,
Sept , 1891,
March, 1892,
S e p t, 1892,
.
.
.
.
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
551
242
133
148
166
160
173
315
312
1
2
3
4
5
6
7
8
9
Dues paid in advance,
.
$56
48
41
34
27
20
14
24
74
45
37
50
84
38
8 10
2 00
.
Total
Value.
Value per
Share
Shares.
D ate of
I ssue .
No of
Series.
Eeconciliation of Share Account with Dues and Profits Capital.
$30,988
11,795
5,512
5,086
4,565
3,334
2,487
2,551
624
24
08
85
76
00
40
74
50
00
Dues capital, as per general
ledger,
.
.
?
.
Profits capital, as per general ledger,
Unpaid dues,
$60,084 00
5,875 57
1,094 00
108 00
$67,053 57
Total....................................
$67,053 57
No. 8.]
23
SAYINGS BANK COMMISSIONERS
BOSTON CO -O P E R A TIV E B A N K — BOSTON.
Incorporated April 30, 1888. Commenced business May 2, 1888.
Capital to be accumulated, $1,000,000.
G e o r g e T. B o sso n , President.
J. H e n r y T a y l o r , Secretary.
J. H e n r y T a y l o r , Treasurer.
Names of security committee:
E u g e n e M. S m i t h ,
G e o r g e T . B osson ,
H e n r y M. Sa n d e r s .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$121,212 00
Loans on real estate, .
5,820 00
Loans on shares, .
179 50
Permanent expense account,
417 75
Unpaid interest, .
.
105 95
Unpaid premiums,
85 92
Unpaid fines,
739 08
Unsettled claim, .
8,001 46
Cash in hands of treasurer,
Dues capital, .
.
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
Suspense,
.
.
.
.
$120,397
14,980
862
302
8
10
$136,561 66
$136,561 66
I umber of shares issued during the year, .
.
.
.
Number of shares now in f o r c e , .............................................
N umber of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Number o f shares forfeited during the y e a r ,.
Amount of dues received during the year, .
.
.
.
Highest per centum of interest received during the year: 7T8ff.
Lowest per centum of interest received during the year: 6 ^ .
Number of members withdrawn during the year,
Present number of m e m b e r s , .............................................
Present number of b o r r o w e r s , .............................................
Present number of non-borrowers..............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
76
47
62
00
81
1,632
4,323
916
25
912
12
.
. 160
. 533
. 87
. 446
$50,711 00
24
EEPOET OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
60
Number of loans on s h a r e s ,........................................................................27
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member.........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner: November 29.
$5,000
50
632
7,897
00
00
53
33
May,
N ov.,
May,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1
2
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
662
348
396
207
582
379
355
585
809
3
4
5
6
7
8
9
Dues paid in advance,
Total, .
.
$63
55
47
40
32
25
19
12
48
41
63
10
83
80
01
45
6 12
.
Total
Value.
Value per
Share.
N o. of
Shares.
D ate of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$42,023
19,282
18,861
8,300
19,107
9,778
6,748
7,283
4,951
76
68
48
70
06
20
55
25
08
Dues capital, as per general
ledger....................................
Profits capital, as per general ledger,
.
.“ .
Unpaid dues,
$120,397 00
14,980 76
1,066 00
•
107 00
$136,443 76
Total,
.
.
.
.
$136,443 76
No. 8.]
25
SAYINGS BANK COMMISSIONERS.
B R A IN T R E E C O -O P E R A TIV E B A N K — B R A IN T R E E .
Incorporated June 24, 1889.
Commenced business Oct. 15, 1889.
Capital to be accumulated, $1,000,000.
J a m e s T. S t e v e n s , President.
C h a s . B. C u m m in g s , Secretary.
C h a s . B. C u m m in g s , Treasurer.
Names of security committee:
•
A n s e l O. C l a r k ,
F. A . H o b a r t ,
J a m e s T. S t e v e n s .
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Other assets,
Cash in hands of treasurer, .
$14,300 00
2,395 00
93 53
68
3,438 63
$20,227 84
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Suspense,
.
.
.
.
$i 8,446 00
1,183 50
366 99
2d 45
16 04
80 93
20 31
72’ 72
19 04
1 86
$20,227 84
Number of shares issued during the year...................................................172
Number of shares now in f o r c e , .............................................................. 698
Number of shares now borrowed u p o n , ............................................. 187
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 117
Number of shares forfeited during the y e a r , .................................... 8
Amount of dues received during the y e a r , ......................................................$7,988 00
Highest premium received during the y e a r ,......................................................
Lowest premium received during the y e a r , ......................................................
Number of members withdrawn during the year,
.
.
.
.
17
Present number of m e m b e r s , ................................................................114
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10
05
REPORT OF THE
26
[Pub. Doc
.
.
28
Present number of b o r r o w e r s ,.................................... •
Present number of n o n -b o r r o w e r s ,...................................................... 86
Number of loans secured by first mortgage of real estate, . . .
17
Number of loans on shares............................................................................ 14
Largest loan to any one member............................................................................
Smallest loan to any one member, .
%
......................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : November 12.
$
2,000 00
20 00
119 75
853 95
Oct.,
D ec.,
June,
Dec.,
June,
Dec.,
June,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1
2
3
4
5
6
7
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
337
41
60
48
40
77
95
.
$39
37
30
23
17
75
41
54
88
39
11 10
5 00
.
Total
Value.
Value per
Share.
N o. of
Shares.
D ate of
I ssue .
Series.
1
Reconciliation of Share Account with Dues and Profits Capital.
$13,395
1,533
1,832
1,146
695
854
, 475
75
81
40
24
60
70
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$18,446 00
1,183 50
329 00
25 00
$19,958 50
Total,
.
.
.
.
$19,958 50
No. 8.]
27
SAYINGS BANK COMMISSIONERS.
CA M BR ID G E C O -O P E R A TIV E B A N K — E A ST CA M BR ID G E .
Incorporated Sept. 5, 1877.
Commenced business Sept. 12, 1877.
Capital to be accumulated, $500,000.
R uftjs R. W
ade,
J o h n H . P o n c e , Secretary.
President.
J o h n L o u g h r e y , Treasurer.
i
Names of security commitee:
G eo . S. K e e l e r ,
Jo h n L o u g h r e y ,
C h a r l e s A. M e s s e r .
Regular meetings the second Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid dues,
Unpaid interest, .
Unpaid premiums,
Unpaid tines,
Personal account,
Cash in hands of treasurer, .
$29 835
4,060
45
114
321
152
18
21
4
2,667
28
00
51
83
00
78
50
67
00
45
$37,241 02
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums..................................
Fines...........................................
Surplus,....................................
Guaranty fund,
Forfeited share account,
Sundry balances, .
Suspense,
.
.
.
.
$31,498
4,853
656
66
29
24
71
9
00
68
80
55
24
69
97
66
43
30 00
$37,241 02
Number of shares issued during the year....................................................234
Number of shares now in f o r c e , ............................................................... 715
Number of shares now borrowed upon,...................................................... 271
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 182
Number of shares matured during the year,.............................................1
Amount of dues received during the y e a r , ...................................................... $9,635 00
Highest premium received during the year.........................................................
Lowest premium received during the y e a r , ......................................................
Number of members withdrawn during the year...................................... 22
Present number of members, .
.
...................................................... 115
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
15
05
REPORT OF THE
28
[Pub. Doc
Present number of b o r r o w e r s , .................................................................... 51
Present number of non-borrowers,....................................................................64
Number of loans secured by first mortgage of real estate, . . .
26
Number of loans on s h a r e s ,.............................................................................25
Largest loan to any one member, ........................................................................$3,000 00
Smallest loan to any one member,........................................................................
20 00
Amount of expenses of the corporation for the year ending Oct. 31,1892, .
359 57
Amount of profits credited to shares during the year, ..
.
.
.
1,680 20
Date of examination by commissioner : December 13.
Feb., 1881,
N ov., 1881,
M ar., 1882,
July, 1883,
Oct., 1883,
Jan., 1884,
April, 1884,
July, 1884,
Jan., 1885,
April, 1885,
Jan , 1886,
July, 1886,
Jan., 1887,
July, 1887,
Jan., 1888,
July, 1888,
Jan., 1889,
July, 1889,
Jan., 1890,
July, 1890,
Jan., 1891,
July, 1891,
Jan., 1892,
July, 1892,
4
5
5
5
7
14
17
18
23
24
25
26
27
29
30
32
33
34
35
36
37
38
39
40
41
42
43
44
45
Suspense profits,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$195 18
178 15
170 95
143 99
139 21
134 46
129 85
125 20
116 22
111 73
98 55
90 07
81 72
73 63
65 69
58 03
50 61
43 39
36 38
29 53
22 84
16 33
10 08
4 00
9
16
6
3
5
57
16
24
25
43
12
34
47
89
42
76
91
89
105
•
•
.
•
Total
Value.
Value per.
Share.
No. of
Shares.
D ate of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$780
890
854
'
719
974
1,210
2,077
751
348
558
5,617
1,441
1,961
1,840
2,824
696
1,720
2,039
3,237
1,240
1,735
1,480
897
420
72
75
75
95
47
14
60
20
66
65
35
12
28
75
67
36
74
33
82
26
84
03
12
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
$31,498 00
4,853 68
26 12
$30,351 68
Total....................................
$36,351 68
No. 8.]
29
SAYINGS BANK COMMISSIONERS.
CAM PELLO C O -O P E R A TIV E B A N K — BR OCKTON.
Incorporated Oct. 3, 1877.
Commenced business Oct. 8, 1877.
Capital to be accumulated, $1,000,000.
P r e st o n B. K e i t h , President.
W
W
arben
ahben
T. C o p e e a n d , Secretary.
T. C o p e e a n d , Treasurer.
Names of security committee:
J o h n A. H o w a r d ,
N a t h a n H. W
ashburn,
C h a r e e s H. C o l e .
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
$273,470 00
Loans on real estate, .
4,800 00
Loans on shares, .
360 00
Permanent expense account,
100 36
Temporary expense account,
1,605 55
Real estate by foreclosure, .
62 54
Unpaid fines,
1,000 00
Real estate mortgage, .
Real estate in process of
483 62
settlement,
4,699 18
Cash in hands of treasurer,
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
Transfer fees, .
.
.
.
Surplus......................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
$246,394
38,684
465
116
2
30
750
11
120
6
$286,581 25
Number of shares issued during the year,
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year,
Number of shares matured during the year, .
.
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
13
75
45
50
13
00
94
23
12
$286,581 25
3,481
9,574
1,554
. 25
1,679
. 30
. 573
. 32
.
.
.
.
150
$106,666 00
25
25
30
REPORT OF THE
[Pub. Doc
Present number of members,........................................................................ 1,059
Present number of borrowers,
...................................................................207
Present number of n o n -b o r r o w e r s ,..........................................................852
Number of loans secured by first mortgage of real estate, .
.
. 186
Number of loans on s h a r e s ,............................................................................. 36
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member,........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : April 8.
$5,000
50
1,433
20,375
00
00
55
47
r
Oct.,
Oct.,
Oct.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
1882,
1883,
1884,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
14
38
71
78
72
166
225
217
341
423
622
752
674
827
983
1,187
1,463
1,421
.
$181
156
133
112
102
92
83
74
65
57
49
41
34
26
20
13
7
1
.
17
42
44
09
09
41
12
17
55
25
25
55
13
98
10
48
12
00
Total
Value.
Value per
Share.
D ate op
I ssue.
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$2,536
5,943
9,474
8,743
7,350
15,340
18,702
16,094
22,352
24,216
30,633
31,245
23,003
22,312
19,758
16,000
10,416
1,421
38
96
24
02
48
06
00
89
55
75
50
60
62
46
30
76
56
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per genera! ledger,
Unpaid dues,
$246,394 00
38,684 13
1,577 00
1,109 00
$286,655 13
ffo ta l,
.
.
.
.
$286,655 13
I
No. 8.]
SAYINGS BANK COMMISSIONERS.
31
C A N TO N CO -O P E R A TIV E B A N K — CANTON.
Incorporated Jan. 10, 1891.
Commenced business Feb. 10, 1891.
Capital to be accumulated, $1,000,000.
E p h r a i m B. T h o r n d ik e , President.
J o se p h W . W
J o se p h W . W
attles,
attles,
Jr., Secretary.
Jr., Treasurer.
Names of security committee:
C h a r l e s G a l l ig a n ,
W
J o se p h W . W
i
. W . B rooks,
attles.
Regular meetings the second Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,.
$25,200
200
85
8
44
3
9
890
00
00
00
00
00
40
78
27
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
26
75
05
28
37
82
92
$26,440 45
$26,440 45
Number of shares issued during the year, .
Number of shares now in force..................................
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,....................................
Present number of borrowers,
.
.
.
.
Present number of non-borrowers,
.
$25,059
834
429
38
13
31
31
2
. 706
1,780
. 152
. 25
. I ll
•
. 20
. 246
. 26
. 220
$18,818 00
15
5
32
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
32
Number of loans on s h a r e s ,........................................................................ 1
Largest loan to any one member............................................................................$2,300
Smallest loan to any one member..........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r,....................................
Date of examination by commissioner : April 15.
00
200 00
115 00
789 12
Feb.,
A u g.,
Feb.,
A u g.,
1891,
1891,
1892,
1892,
.
1
2
3
4
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
577
544
422
237
$21
15
9
3
96
43
11
00
Total
Value.
Value per
Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$12,670
8,393
3,844
711
92
92
42
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$25,059 00
834 26
142 00
415 00
$26,035 26
Total,
.
.
.
.
$26,035 26
No. 8.]
SAYINGS BANK COMMISSIONERS
33
C IT IZ E N S ’ C O -O P E R A TIV E B A N K — H A V E R H IL L .
Incorporated Aug. 22, 1887.
Commenced business Sept. 12, 1887.
Capital to be accumulated, $1,000,000.
G eo . H. C a r l e t o n , President.
J. W . G o o d w in , Secretary.
J. W . G o o d w in , Treasurer.
Names of security committee :
J. M . S t o r e r ,
J.
a
. Ga l e ,
G . M . G o o d w in .
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Cash in hands of treasurer,
L ia b il it ie s .
$73,175 00
1,175 00
1,306 87
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,...................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Withdrawal profits,
$75,656 87
Number of shares issued during the year,
.
.
.
.
Number of shares now in f o r c e , .............................................
Number of shares now borrowed upon,....................................
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year.................................
Highest per centum of interest received during the year: 6-8—
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,.
Present number of members,......................................................
Present number of b o r r o w e r s ,.............................................
Present number of non-borrowers,.............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$67,881
6,983
314
5
l
339
119
12
00
47
64
40
40
07
31
58
$75,656 87
. 918
2,615
. 476
. 25
. 611
.
. 49
. 294
. 49
. 245
$28,215 00
34
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
44
Number of loans on s h a r e s ,........................................................................5
Largest loan to any one m em b er,........................................................................$5,000 00
Smallest loan to any one member,........................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31,1892, .
600 00
Amount of profits credited to shares during the y e a r ,....................................
3,457 93
Date of examination by commissioner : May 17.
Sept.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
365
108
109
133
93
189
267
287
248
473
343
.
$71
62
54
47
40
33
26
19
13
7
1
.
41
38
84
48
30
30
48
84
38
10
00
Total
Value.
Value per
Share.
D ate o v
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$26,064
6,737
5,977
6,314
3,747
6,293
7,070
5,694
3,318
3,358
343
65
04
56
84
90
70
16
08
24
30
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$67,881 00
6,983 47
443 00
388 00
Total,
.
.
.
.
$75,307 47
No. 8.]
SAYINGS BANK COMMISSIONERS.
35
C IT Y C O -O P E R A TIV E BATIK — H O LY O K E .
Incorporated July 16, 1889.
Commenced business July 23, 1889.
Capital to be accumulated, $1,000,000.
A. F. R i c h a r d , President.
P ie r r e B o n v o u l o ir , Secretary.
P i e r r e B o n v o u l o ir , Treasurer.
Names of security committee:
A. F . G i n q r a s ,
Jo h n B . L a r o c h e ,
Jo h n S t . J o h n .
Regular meetings the fourth Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
"Unpaid interest, .
Unpaid fines,
Profit and loss account,
Cash in hands of treasurer,.
L ia b il it ie s .
$25,825
4,620
90
16
78
13
24
1,458
00
00
00
80
18
18
84
05
Dues capital, .
.
.
.
Profits capital (all series), .
Interest......................................
F i n e s , ....................................
Guaranty fund,
Withdrawal profits,
$32,126 05
Number of shares issued during the year, .
.
.
.
Number of shares now in f o r c e , .............................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year,
.
.
.
.
Highest per centum of interest received during the year: 6.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year, .
Present number of m em bers,.....................................................
Present number of b o r r o w e r s , ............................................
Present number of non-borrowers,............................................
Number of loans secured by first mortgage of real estate, .
Number of loans on shares, .
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$29,604
1,739
671
41
30
39
00
14
92
90
00
09
$32,126 05
. 541
1,334
. 439
. 25
. 361
$15,464 00
. 87
. 242
. 51
. 191
. 26
. 39
REPORT OF THE
36
[Pub. Doc
Largest loan to any one m e m b e r,.......................................................................$4,000 00
25 00
Smallest loan to any one member,......................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
28 19
Amount of profits credited to shares during the y e a r ,....................................
1,276 00
Date of examination by commissioner: September 19.
July, 1889,
Jan., 1890,
July, 1890,
Jan., 1891,
July, 1891,
Jan., 1892,
July, 1892,
313
196
51
213
107
175
279
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$43
36
29
22
16
10
4
23
23
42
79
34
08
00
Total
Value.
1
2
3
4
5
6
7
Value per
Share.
No. of
Shares.
D ate op
I ssu e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$13,530
7,101
1,500
4,854
1,748
1,764
1,116
99
08
42
27
38
00
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$29,604 00
1,739 14
327 00
55 00
$31,670 14
Total....................................
$31,670 14
No. 8.]
37
SAYINGS BANK COMMISSIONERS.
C L IN T O N C O -O P E R A TIV E B A N K — C LIN TO N .
Incorporated Sept. 23, 1887.
Commenced business Oct. 20, 1887.
Capital to be accumulated, $1,000,000.
D. B. I n g a l l s , President.
W
alter
R. D a m e , Secretary.
T h o m a s S. D a v is , Treasurer.
Names of security committee:
H
en ry
C. G r e e l e y ,
L y m a n L e ig h t o n ,
G eorge P . F r e n c h .
Regular meetings the third Thursday of each month.
B alance Sheet , October 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid dues,
Unpaid interest, .
Cash in hands of secretary,.
Cash in hands of treasurer,
L ia b il it ie s .
$90,560 00
3,340 00
200
46
363
214
1
4,616
00
10
00
50
64
29
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Fines...........................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Security committee,
Advance dues,
$99,341 53
Number of shares issued during the year, .
.
.
.
Number of shares now in f o r c e , .............................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year, .
.
.
.
Highest per centum of interest received during the year: 6 f.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
Present number of members........................................................
Present number of b o r r o w e r s ,.............................................
Present number of n o n -b o r r o w e r s ,....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$88,745
9,452
512
9
195
209
5
31
l
176
00
90
49
96
25
78
95
74
96
50
00
$99,341 53
1,097
3,215
. 675
. 25
. 479
.
.
. 71
. 458
. 91
. 367
$35,273 00
38
REPORT OF THE
[Pub. Doc.
Number of loans secured by first mortgage of real estate, . . .
76
Number of loans on s h a r e s ,........................................................................34
Largest loan to any one m e m b e r,........................................................................$4,900 00
Smallest loan to any one member,........................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
418 22
Amount of profits credited to shares during the y e a r ,.................................... 4,818 22
Date of examination by commissioner: June 21.
Oct., 1887,
April, 1888,
Oct., .1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
.
.
.
.
.
1
8
9
.
10
11
Total, .
L
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
293
180
167
340
325
216
255
200
448
443
348
2
3
4
5
6
7
.
•
*
$71
63
55
47
40
33
26
19
13
7
14
07
27
72
42
36
50
84
37
09
1 00
*
Total
Value.
Valueper
Share.
D ate of
I ssue .
N o. of
Shares.
Series.
1
Reconciliation of Share Account with Rues and Profits Capital.
02
60
09
80
50
76
50
00
76.
87
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
$98,197 90
Total....................................
$20,844
11,352
9,230
16,224
13,136
7,205
6,757
3,968
5,989
3,140
348
$88,745 00
9,452 90
$98,197 90
No. 8.]
39
SAYINGS BANK COMMISSIONERS.
C O LU M B IAN C O -O P E R A TIV E B A N K — CA M BR ID G E .
Incorporated May 6, 1892.
Commenced business June 6, 1892.
Capital to be accumulated, $1,000,000.
A l p h e u s B. A l g e r , President.
W
m.
O sc a r G. B e r r y , Secretary.
W . D a l l i n g e r , Treasurer.
Names of security committee :
A
lfred
L. B arbour,
D ana W . H y d e ,
J a m e s A . Dow,
Jo h n M a h a d y ,
I sa ac S. P e a r .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Permanent expense account,
Temporaryexpense account,
Cash in hands of secretary,
Cash in hands of treasurer,
$2,600
289
30
13
2,257
00
84
00
00
55
Dues capital, .
.
.
.
Interest,....................................
Premiums..................................
F i n e s , ....................................
$5,190 39
Number of shares issued during the y e a r , .................................... 1,073
Number of shares now in f o r c e , ...................................................... 1,073
Number of shares now borrowed u p o n , ............................................ . 1 3
Largest number of shares held by any one member...................................... 25
Amount of dues received during the year............................................................
Highest per centum of interest received during the year: 6t3j .
Lowest per centum of interest received during the year: 6.
Present number of members,............................................................................190
Present number of b o r r o w e r s ,...................................................................... 2
Present number of n o n -b o r r o w e r s ,..........................................................188
Number of loans secured by first mortgage of real estate, . . .
2
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member , .
.
.
.
.
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Date of examination by commissioner: December 27.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$5,133 00
47 00
30
10 09
$5,190 39
$5,133 00
2,200 00
400 00
319 84
40
REPORT OF THE
[Pub. Doc.
Value per
Share.
Total
Value.
June, 1892,
N o. of
Shares.
D ate op
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
1
1,073
$5 00
$5,365 00
Dues paid in advance....................................
111 00
T o t a l,.........................................................
$5,476 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dues capital, as per general
ledger,
.
.
.
.
Unpaid dues,
Total,
.
.
.
.
$5,133 00
343 00
$5,476 00
No. 8.]
SAYINGS BANK COMMISSIONERS
41
D A N V E R S C O -O P E R A T IV E B A N K — D A N V E R S .
Incorporated Aug. 24, 1892. Commenced business Aug. 29, 1892.
Capital to be accumulated, $1,000,000.
A l b e r t G. A l l e n , Jr., Secretary.
F l e t c h e r P o p e , President.
A l b e r t G. A l l e n , Jr., Treasurer.
Names of security committee:
H
enry
N ew hall,
J. W . W
F le t c h e r P ope,
oodm an.
Regular meetings the last Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Temporary expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$1,800 00
87 00
993 02
Dues capital...............................
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
$2,880 02
Number of shares issued during the year,
1,000
Number of shares now in f o r c e , ....................................
1,000
Number of shares now borrowed upon, .
.
.
.
9
Largest number of shares held by any one member, .
25
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
152
Present number of m em bers,.............................................
1
Present number of borrowers,.............................................
Present number of non-borrowers,...................................
151
Number of loans secured by first mortgage of real estate,
1
Largest loan to any one m e m b e r ,....................................
Smallest loan to any one member......................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,849
27
1
2
00
00
35
42
25
$2,880 02
2,849 00
05
05
1,800 00
1,800 00
87 00
42
K EPOßT OE THE
[Pub. Doc.
Total
Value.
1
1Value per;
I Share.
A u g., 1892,
N o. of
Shares.
D ate of
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
1,000
$3 00
$3,000 00
Total............................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$3,000 00
Dues capital, as per general
ledger,
.
.
.
.
Unpaid dues,
$2,819 00
151 00
Total....................................
$3,000 00
No. 8.]
•
43
SAYINGS BANK COMMISSIONERS.
D E A N C O -O P E K A T IV E B A N K — F E A N K L IN .
Incorporated June 15, 1889. Commenced business July 2, 1889.
Capital to be accumulated, $1,000,000.
J a m e s P. R a y , President.
W i l l i a m A. W
W
yckoff,
il l i a m A. W
Treasurer.
yckoff,
Secretary.
Names of security committee:
W
il l ia m
E. N a s o n ,
E u g e n e N . T h a in e ,
0 . B. C a r t e r .
Regular meetings the first Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporaly expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$14,100
425
200
25
626
00
00
00
16
78
$15,376 94
D-ues capital, .
.
.
.
Profits capital (all series),
Interest, . • .
.
,
Premiums,
.
.
.
.
F i n e s , ...................................
Transfer fees, .
.
.
.
Guaranty fund,
Withdrawal profits,
$14,117
864
308
24
3
00
71
77
95
56
50
32 78
24 67
$15,376 94
Number of shares issued during the year....................................................... 158
Number of shares now in force,
.
.
.
.
.
.
.
.
508
Number of shares now borrowed u p o n , .................................................. 93
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................... 117
Amount of dues received during the y e a r , ......................................................$6,145 00
Highest per centum of interest received during the year: 6^.
Lowest per centum of interest received during the year: 6£.
Number of members withdrawn during the year,
.
.
.
.
20
Present number of members,............................................................................. 87
^Present number of b o r r o w e r s , .................................................................... 11
Present number of n o n -b o r r o w e r s ,........................................................... 76
Number of loans secured by first mortgage of real estate, . . .
8
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
44
Number of loans on s h a r e s ,............................................. ........
3
Largest loan to any one m em b er,........................................................................$2,000 00
Smallest loan to any one m e m b e r , ...............................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
68 80
703 35
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : June 27.
July, 1889,
Oct., 1889,
Jan., 1890,
July, 1890,
Jan., 1891,
July, 1891,
Jan., 1892,
July, 1892,
269
5
14
22
13
42
76
67
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$42
39
36
29
22
16
10
4
Total
Value.
1
2
3
4
5
6
7
8
Value per
Share.
N o. of
Shares.
D ate o r
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
77
42
07
49
94
49
17
00
.
$11,505
197
504
648
298
692
772
268
13
10
98
78
22
58
92
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$14,117 00
864 71
10 00
104 00
•
•
$14,991 71
Total,
.
.
.
.
$14,991 71
No. 8.]
45
SAYINGS BANK COMMISSIONERS.
D E D H A M C O -O P E R A T IV E B A N K -D E D H A M .
Incorporated Feb. 11,1886.
Commenced business Feb. 16, 1886.
Capital to be accumulated, $1,000,000.
F. F. F avor, President.
F. Ii. S t o r r s , Secretary.
T h o m a s P . M u r r a y , Treasurer.
Names of security committee:
W
m.
G. W a r e ,
O. W . W
Jo h n W
ardle,
it h in g t o n ,
Jr.
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid tines,
Cash in hands of treasurer,.
L ia b il it ie s .
$23,990
859
100
10
00
00
00
88
50
2 10
411 69
$25,374 17
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,...................................
Guaranty fund,
Forfeited share account,
$21,722
2,697
335
61
557
$25,374 17
Number of shares issued during the year, ............................................. 311
Number of shares now in f o r c e , ............................................................... 757
Number of shares now borrowed u p o n , .............................................161
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 224
Number of shares forfeited during the year,.............................................17
Amount of dues received during the y e a r , ...................................................... $9,511 00
Highest premium received during the y e a r ,......................................................
Lowest premium received during the y e a r ,......................................................
Number of members withdrawn during the year,
.
.
.
.3 7
Present number of members,............................................................................141
Present number of b o r r o w e r s , .................................................................... 34
Present number of n o n -b o r r o w e r s ,..................................................... 107
Number of loans secured by first mortgage of real estate, . . .
22
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
76
43
04
94
25
05
46
REPORT OF THE
[Pub. Doc.
Number of loans on sh a r e s,........................................................................ 12
Largest loan to any one member............................................................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year.......................................
Late of examination by commissioner: July 12.
$3,000
24
125
1,238
00
00
00
85
Feb.,
May,
Nov.,
May,
N ov.,
M ay,
N ov.,
May,
N ov.,
May,
N ov.,
M ay,
N ov.,
May,
1886,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$99
95
86
78
69
61
54
46
39
32
25
18
12
6
•
41
11
70
00
80
85
14
65
38
32
47
82
36
09
Total
Value.
51
7
5
12
4
34
17
96
30
74
71
102
125
129
1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Value per
Share.
N o. of
Shares.
D ate of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$5,069
665
433
936
279
2,102
920
4,478
1,181
2,391
1,808
1,919
1,545
785
91
77
50
00
20
90
38
40
40
68
37
64
00
61
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$21,722 00
2,697 76
105 00
7 00
$24,524 76
Total....................................
\
$24,524 76
No. 8.]
SAYINGS BANK COMMISSIONERS.
47
D O RCH ESTER CO -O P E R A TIV E B A N K — BOSTON-.
Incorporated Aug. 21, 1890. Commenced business Sept. 10, 1890.
Capital to be accumulated, $1,000,000.
A mos L. H o l l in g s w o r t h , President.
G eo . T. S e a r s , Secretary.
F r a n k E. B r i g h a m , Treasurer.
Names of security committee:
Sa m u e l G a n n e t t ,
J. H o m e r P ie r c e ,
J o se p h E. H a l l ,
• C h arles B . F o x,
G eo . L. B u r t .
Regular meetings the second Wednesday of each month.
B alance S heet , October 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
.
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,
L ia b il it ie s .
$38,600
50
266
55
4,572
00
00
27
13
37
$43,543 77
Dues capital..............................
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,...................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$40,950
2,025
442
23
17
36
23
5
20
00
50
00
45
15
18
25
74
50
$43,543 77
Number of shares issued during the y e a r , ............................................. 660
Number of shares now in force, .
.
.
.
.
.
.
2,206
Number of shares now borrowed upon,......................................................234
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 450
Amount of dues received during the year............................................................$24,839 00
Highest premium received during the y e a r ,......................................................
]0
Lowest premium received during the y e a r ,......................................................
05
Number of members withdrawn during the year,....................................60
Present number of members,........................................................................288
Present number of b o r r o w e r s ,...............................................................26
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
48
[Pub. Doc.
Present number of non-borrowers,............................................. ........
. 262
Number of loans secured by first mortgage of real estate, .
.
.2 5
Number of loans on s h a r e s ,........................................................................1
Largest loan to any one member,
$4,000 00
Smallest loan to any one member,.......................................................................
500 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
229 23
Amount of profits credited to shares during the y e a r ,.................................... 1,816 98
Date of examination by commissioner : August 5.
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
1,102
363
144
389
208
Suspense profits,
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$27
20
14
8
2
45
88
42
12
00
Total
Value.
1
2
3
4
5
Value per
Share.
D ate
I ssu e .
op
N o. of
Shares.
Reconciliation of Share Account with Dues and Profils Capital.
Series.
j
$30,249
7,579
2,076
3,158
416
90 . Dues capital, as per general
ledger.....................................
44
48
Profits capital, as per gen68
eral ledger,
00
Unpaid dues,
$40,950 00
2,025 50
826 00
1 00
320 00
$43,801 50
Total....................................
$43,801 50
No. 8.]
SAYINGS BANK COMMISSIONERS.
49
EC O N O M Y C O -O P E R A TIV E B A N K — M ER R IM A C .
Incorporated July 26, 1889.
Commenced business Aug. 12, 1889.
Capital to be accumulated, $1,000,000.
G e o r g e A d a m s , President.
B a il e y S a r g e n t , Secretary.
B a i l e y S a r g e n t , Treasurer.
Names of security committee:
I sa a c B. L i t t l e ,
F r a n k E. P e a s e ,
E. C. H o p k in s .
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$21,600
875
20
32
1,914
00
00
00
75
12
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Withdrawal profits,
.
$22,502
1,435
305
21
6
145
20
5
$24,441 87
Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year, .
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,....................................
Present number of borrowers....................................
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,....................................
•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
14
55
70
52
70
11
15
$24,441 87
198
935
152
25
211
•
30
154
30
124
24
6
$10,820 00
05
05
REPORT OF THE
50
[Pub. Doc,
Largest loan to any one member........................................................................... $2,000 00
Smallest loan to any one m e m b e r , ...............................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
79 75
Amount of profits credited to shares during the y e a r ,....................................
1,028 27
Date of examination by commissioner : August 5.
A u g .,
Feb.,
A u g .,
Feb.,
A u g.,
Feb.,
Aug ,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1
2
3
4
5
6
7
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
253
70
152
193
87
79
101
$42
35
28
21
15
9
3
37
32
47
82
36
09
00
Total
Value.
Value per
Share.
N o. of
Shares.
D ate of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$10,719
2,472
4,327
4,211
1,336
718
303
61
40
44
26
32
11
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$22,502 00
1,435 14
196 00
45 00
$24,133 14
Total....................................
$24,133 14
No. 8.]
SAYINGS BANK COMMISSIONERS
51
E N T E R P R ISE C O -O P E R A TIV E B A N K — E A ST BOSTON.
Incorporated March 31, 1888.
Commenced business April 3, 1888.
Capital to be accumulated, $1,000,000.
J o sh u a N. T a y l o r , President.
H o r a c e B. B u t l e r , Secretary.
H o r a c e B. B u t l e r , Treasurer.
Names of security committee:
Ja m e s T o w n s e n d ,
Charles T . W
W m . G. E m e r y ,
it t .
Regular meetings the third Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$155,010 00
Loans on real estate, .
4,200 00
Loans on shares,.
110 80
Permanent expense account,
17 00
Temporary expense account,
13 21
Unpaid fines,
360
00
Office fixtures,
Cash in hands of treasurer,
14,617 30
$174,328 31
Dues capital, .
.
.
.
Profits capital (all series), .
Interest, .
.
.
.
Premiums,
.
.
.
.
Transfer fees,
.
.
Surplus......................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
Security committee,
$156,461
15,715
717
102
740
250
286
34
6
12
00
86
62
75
25
52
00
72
19
90
50
$174,328 31
Number of shares issued during the y e a r , .................................... 1,599
N umber of shares now in force............................................................ 5,729
Number of shares now borrowed upon,......................................................838
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................506
Number of shares forfeited during the year............................................... 87
Amount of dues received during the year............................................................ $61,262 00
Highest premium received during the y e a r ,......................................................
55
Lowest premium received during the y e a r , ......................................................
05
Number of members withdrawn during the year,
.
.
.
.
99
Present number of members,........................................................................ 548
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc.
REPORT OF THE
52
. . 102
Present number of borrowers,
.
.
.
.
.
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.............................................
Largest loan to any one m em ber,....................................
Smallest loan to any one member,
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31,
.
.
Amount of profits credited to shares during the year, .
Date of examination by commissioner : March 4.
. 446
. 80
.
22
1892, .
.
.
$5,000 00
25 00
1,020 25
8,749 87
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
Aprii,
Oct.,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
553
409
870
457
489
417
797
341
883
513
•
$63
55
47
40
33
26
19
13
7
12
38
85
54
45
57
88
40
10
1 00
•
Total
Value.
Value per
Share.
D ate o r
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$34,905
22,650
41,629
18,526
16,357
11,079
15,844
4,569
6,269
513
36
42
50
78
05
69
36
40
30
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$156,461 00
15,715 86
627 00
459 00
$172,803 86
Total,
.
.
.
.
$172,803 86
No. 8.]
53
SAYINGS BANK COMMISSIONERS
E Q U IT A B L E C O -O P E R A T IV E B A N K — L Y N N .
Incorporated September, 1877.
Commenced business October, 1877.
Capital to be accumulated, $1,000,000.
J a m e s H . R ic h a r d s , President.
B e n j . E . P o r t e r , Secretary.
B e n j . E. P o r t e r , Treasurer.
Names of security committee :
B e n j . E. P o r t e r ,
E d w a r d N. H a in e s ,
T homas E . W
ard.
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$210,900 04
Loans on real estate, .
8,850 00
Loans on shares, .
Temporary expense account,
128 92
434 60
Safe and fixtures account, .
1,000 00
Loans on public funds,
11,916 57
Cash in hands of treasurer,.
Dues capital..............................
Profits capital (all series),. .
Premiums,
.
.
.
.
Surplus.......................................
Guaranty fund,
Forfeited share account,
Suspense account, .
$233,230 13
Number of shares issued during the year, .
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,.
Largest number of shares held by any one member,
N urnber of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year, .
Number of shares matured during the year,.
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members.......................................
Present number of borrowers,
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$207,218
23,971
357
861
731
53
34
83
88
66
82
00
97
97
$233,230 1
4,266
9,440
1,597
25
2,265
16
35
5
.
.
. 277
1,185
. 224
$97,026 00
40
01
54
REPORT OF THE
[Pub. Doc.
Present number of n o n -b o r r o w e r s ,...................................................... 961
Number of loans secured by first mortgage of real estate, .
.
. 168
Number of loans on s h a r e s ,........................................................................56
Largest loan to any one m em ber,.................................... .........
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner: April 14.
$4,300
5
1,315
11,678
00
00
14
49
Oct., 1881,
April, 1882,
Oct., 1882,
April, 1883,
Oct., 1883,
A p ril, 1884,
Oct., 1884,
A p ril, 1885,
Oct., 1885,
April, 1886,
Oct., 1886,
April, 1887,
Oct., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
31
11
12
13
14
15
16
17
18
19
25
38
51
41
81
41
106
20
21
22
23
24
25
26
27
28
29
ao
7
8
7
110
174
259
160
453
479
607
833
1,170
1,300
1,638
1,821
$183 84
172 99
162 39
152 24
112 08
132 29
122 74
113 45
104 42
95 68
87 09
78 75
70 65
62 76
55 06
47 61
40 35
33 29
26 44
19 81
13 36
7 09
1 00
Total
Value.
8
9
10
Value per
Share.
N o. of
Shares.
D a te of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$1,286
5,362
1,299
1,065
3,552
5,027
6,259
4,651
8,458
3,922
9,231
8,662
12,293
16,254
8,809
21,567
19,327
20,207
22,024
23,177
17,368
11,613
1,821
88
69
12
68
00
02
74
45
02
88
54
50
10
84
60
33
65
03
52
70
00
42
00
$233,243 71
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unnaid dues,
.
.
Total,
.
.
.
.
$207,218 83
23,971 88
2,053 00
$233,243 71
No. 8.]
55
SAYINGS BANK COMMISSIONERS
E Q U IT Y C O -O P E R A TIV E B A N K — W O R C E ST E R .
Incorporated Feb. 9, 1887.
Commenced business Mar. 17, 1887.
Capital to be accumulated, $1,000,000.
C h a s . L. G a t e s , President.
T. J. H a s t in g s , Secretary.
T. J. H a s t in g s , Treasurer.
Names of security committee:
E . J. B a r d w e l l ,
D a n ie l P a r l i n ,
U r g e l Ja q u e s.
Regular meetings the Thursday preceding the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
$180,800 00
Loans on real estate, .
3,935 00
Loans on shares, .
204 61
Temporary expense account,
8,966 38
Cash in hands of treasurer,
$193,905 99
Dues capital..............................
Protits capital (all series),
Interest,....................................
F i n e s , ....................................
Transfer fees.............................
Surplus,....................................
Guaranty fund,
Forfeited share account,
$168,959
22,310
1,383
60
10
614
300
268
$193,905 99
Number of shares issued during the y e a r , .................................... 1,523
Number of shares now in f o r c e , ......................................................5,370
Number of shares now borrowed u p o n , ..............................................1,061
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,053
Number of shares forfeited during the year............................................... 31
Amount of dues received during the y e a r , ......................................................$60,516 00
Highest per centum of interest received during the year: 7|.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
.
.
.
.
117
Present number or members,............................................................................598
Present number of b o r r o w e r s , .................................................................. 130
Present number of n o n -b o r r o w e r s ,......................................................... 468
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
23
57
67
00
00.
00
52
[Pub. Doc.
REPORT OF THE
56
Number of loans secured by first mortgage of real estate, .
.
. 126
Number of loans on s h a r e s ,........................................................................31
Largest loan to any one m em ber,........................................................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31,1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : May 5.
$5,000
50
1,019
10,415
00
00
62
10
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1
2
3
.
.
.
.
.
.
5
6
7
8
9
10
11
12
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$81
73
64
56
49
41
34
27
20
14
8
2
774
179
340
190
330
332
504
258
709
471
729
554
4
.
.
.
.
.
.
42
01
82
90
22
79
60
65
92
41
11
00
Total
Value.
Value per
Share.
of
Shares.
D ate of
I ssue .
No.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$63,019
13,068
22,038
10,811
16,242
13,874
17,438
7,133
14,832
6,787
5,912
1,108
08
79
80
00
60
28
40
70
28
11
19
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
.
$168,959 00
22,310 23
1,468 00
471 00
$192,737 23
Total,
.
.
.
.
$192,737 23
No. 8.]
SAYINGS BANK COMMISSIONERS.
57
E V E R E T T C O -O P E R A TIV E B A N K — E V E R E T T .
Incorporated Sept. 21, 1890.
Commenced business Oct. 14, 1890.
Capital to be accumulated, $1,000,000.
S a m u e l F r e e m a n , 2d, President.
C h a s . E . J e n n in g s , Secretary.
C h a s . E . J e n n in g s , Treasurer.
Names of security committee:
N a t h a n ie l A . D i l l ,
E d w a r d C. M e a d ,
Jam e s E . F r e e m a n .
Regular meetings the second Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Unpaid fines,
Cash in hands of treasurer,.
$27,250
1,780
7
1,383
00
00
30
35
$30,420 65
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
Surplus,....................................
Guaranty fund,
Forfeitec^share account,
$28,718
1,402
127
7
65
64
36
00
24
28
00
02
90
21
$30,420 65
Number of shares issued during the y e a r , ............................................. 509
Number of shares now in f o r c e , ...................................................... 1,583
Number of shares now borrowed u p o n , .................................................322
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year...........................................163
Number of shares forfeited during the y e a r , .................................... 7
Amount of dues received during the y e a r , ...................................................... $18,219 00
Highest premium received during the y e a r ,......................................................
10
Lowest premium received during the y e a r ,......................................................
05
Number of members withdrawn during the year,
.
.
.
.
32
Present number of members,............................................................................178
Present number of b o r r o w e r s , .................................................................... 22
Present number of n o n -b o r r o w e r s ,..........................................................156
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
58
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
13
Number of loans on s h a r e s ,........................................................................9
Largest loan to any one m em ber,........................................................................$4,600 00
Smallest loan to any one m e m b e r , ...............................................................
20 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
133 75
Amount of profits credited to shares during the y e a r ,....................................
1,166 05
Date of examination by commissioner : August 30.
Oct.,
April,
Oct.,
April,
Oct.,
1890,
1891,
1891,
1892,
1892,
.
1
.
.
.
3
593
447
292
159
92
2
4
5
Dues paid iu advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$26
19
13
7
1
•
51
85
38
10
00
Total
Value.
Valueper
Share.
D ate op
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$15,720
8,872
3,906
1,128
92
43
95
96
90
00
Dues capital, as per general
leOger,
.
.
.
.
Profits capital, as per genera] ledger,
Unpaid dues,
.
.
$28,718 00
1,402 24
261 00
660 00
$30,381 24
Total....................................
$30,381 24
No. 8.]
SAYINGS BANK COMMISSIONERS.
59
F A L L R IV E R C O -O P E R A TIV E B A N K — F A L L R IV E R .
Incorporated Dec. 1,1888.
Commenced business Dec. 12, 1888.
Capital to be accumulated, $1,000,000.
J o h n B a r l o w , President.
G e o . O . L a t h r o p , Secretary.
R . N. A l l e n , Treasurer.
Names of security committee:
John B a r l o w ,
C h a s . F . T r ip p ,
H enry W
a r in g .
Regular meetings the second Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$112,950 00
Loans on real estate, .
750 00
Loans on shares, .
20 87
Temporary expense account,
8 75
Unpaid fines,
14 68
Personal account,
337 94
Cash in hands of secretary,.
67 84
Cash in hands of treasurer,.
Dues capital, .
.
.
Profits capital (all series),
Interest,....................................
Surplus,....................................
Guaranty fund,
Forfeited share account,
$114,150 08
$104,816
7,522
1,066
253
468
23
00
02
55
76
06
69
$114,150 08
N u m b er of shares issued durin g the y e a r , ............................................. 2,615
Number of shares now in f o r c e , ...............................................................5,507
Number of shares now borrowed u p o n , ................................................ 637
Largest nu m ber of shares held b y any on e m em ber, .
.
.
.
25
N u m b er of shares w ithdraw n durin g the year,
.
.
.
.
1,026
Number of shares forfeited during the year.....................................................12
Amount of dues received during the y e a r , ...................................................... $55,502 00
Highest premium received during the y e a r ,......................................................
16
Lowest premium received during the y e a r , ......................................................
Number of members withdrawn during the year,....................................... 107
Present number of members,...........................................................................093
Present number of borrowers.............................................................................. 70
Present number of n o n -b o r r o w e r s ,.........................................................023
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
60
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
68
Number of loans on s h a r e s ,........................................................................5
Largest loan to any one m e m b e r,........................................................................$4,600 00
Smallest loan to any one member,........................................................................
100 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
469 85
Amount of profits credited to shares during the y e a r ,....................................
4,903 84
Date of examination by commissioner : April 4.
D ec., 1888,
Mar., 1889,
Sept., 1889,
Mar., 1890,
Sept , 1890,
Mar., 1891,
Sept., 1891,
Mar., 1892,
Sept., 1892,
1
2
3
4
5
6
7
8
9
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
564
195
335
405
■ 457
632
515
1,275
1,129
.
$52
48
41
34
27
20
14
8
41
66
39
32
47
82
36
09
2 00
.
Total
Value.
Value per
Share.
N o. of
Shares.
D ate of
Issue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$29,559
9,488
13,862
13,899
12,553
13,158
7,395
10,314
2,258
24
70
30
60
79
24
40
75
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
.
.
Unpaid dues,
$104,816 00
7,522 02
704 00
552 00
$113,042 02
Total....................................
$113,042 02
No. 8.]
61
SAYINGS BANK COMMISSIONERS.
F E D E R A L C O -O P E R A T IV E B A N K — BOSTON.
Incorporated Jan. 29, 1890.
Commenced business Feb. 6, 1890.
Capital to be accumulated, $1,000,000.
B il l in g s B . R e e d , President.
W m. W
W
ardw ell,
m.
W
ardw ell,
Secretary.
Treasurer.
Names of security committee :
F rank W . E ldredge,
A l e x . B. W il s o n ,
F. G . W
ash bu rn ,
L. W . B l a n c h a r d ,
W m . B. H a y f o r d .
Regular meetings the first Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Temporary expense account,
Unpaid fines,
Cash in hands of treasurer,.
$16,150
825
192
13
3,574
00
00
59
42
38
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
Fines..........................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
93
90
17
34
25
36 19
15 08
2 83
11 70
$20,755 39
$20,755 39
Number of shares issued during the year, .
.
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year, .
.
Highest premium received during the year, .
.
Lowest premium received during the year, .
.
Number of members withdrawn during the year, .
$19,458
946
251
15
17
569
1,204
130
25
287
,
.
29
$12,502 00
05
05
62
REPORT OF THE
[Pub. Doc
Present number of members,.............................................
Present number of borrowers..............................................
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.............................................
Largest loan to any one m em ber,....................................
Smallest loan to any one member,
.
.
.
.
Amount of expenses of the corporation for the year ending
Amount of profits credited to shares during the year, .
Date of examination by commissioner : April 28.
170
18
152
9
11
.
.
.
$2,750
20
151
795
00
00
17
47
Feb.,
Aug ,
Feb.,
A u g.,
Feb.,
A u g .,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
Dues paid in advance,
.
.
$35
28
21
15
9
3
.
35
51
85
38
10
00
.
T o t a l ,.........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total
Value.
227
154
94
173
353
193
1
1
2
3
4
5
6
Value per
Share.
N o. of
Shares.
D ate op
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$8,024
4,390
2,053
2,660
3,212
579
45
54
90
74
30
00
Dues capital, as per general
ledger....................................
Profits capital, as per general ledger,
Unpaid dues,
$19,458 00
946 93
544 00
28 00
$20,948 93
Total,
.
.
.
.
$20,948 93
No. 8.]
63
SAYINGS BANK COMMISSIONERS.
F ID E L IT Y C O -O P E R A TIV E B A N K — F IT C H B U R G .
Incorporated April 25, 1888.
Commenced business May 8, 1888.
Capital to be accumulated, $1,000,000.
G e o . E. C l i f f o r d , President.
W . G. H a y e s , Secretary.
W . G. H a y e s , Treasurer.
Names of security committee :
H. G. M o r s e ,
L. H. G o o d n o w ,
W
m.
E d w ards.
Regular meetings the second Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$183,105 00
Loans on real estate, .
15,904 00
Loans on shares, .
1,579 98
Unpaid interest, .
42 88
Unpaid premiums,
73 09
Unpaid fines,
180
00
Office fixtures,
518 77
Carter estate,
1,704 96
Cash in hands of treasurer,
$203,107 96
Dues capital, .
.
.
.
Prefits capital (all series),
Interest,....................................
Premiums..................................
F i n e s , ....................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$181,872
18,370
1,923
53
37
1
283
'325
197
44
$203,107 96
Number of shares issued during the y e a r , ....................................2,139
Number of shares now in f o r c e , ......................................................6,450
Number of shares now borrowed upon,.............................................1,692
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 856
Number of shares forfeited during the year...............................................16
Amount of dues received during the year............................................................ $70,108 00
Highest per centum of interest received during the year: 6 ^ .
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year...................................... 107
Present number of members, ........................................................................ 740
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
57
37
20
83
00
23
00
39
37
64
REPORT OF THE
[Pub. Doc.
Present number of b o r r o w e r s , ......................................................
. 194
Present number of non-borrowers.......................................................
. 546
Number of loans secured by first mortgage of real estate, .
. 131
Number of loans on s h a r e s ,...............................................................
. 63
Largest loan to any one m e m b e r ,.....................................................
m 9
Smallest loan to any one member,.....................................................
# #
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
•
•
Date of examination by commissioner : August 26.
$4,600
10
590
9,554
00
00
45
39
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
1
2
3
4
5
6
7
8
9
10
1,314
336
587
363
394
488
753
402
1,048
765
$61
56
48
41
34
27
20
14
8
2
.
.
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
35
23
74
46
39
52
85
83
10
00
Total
Value.
N o. of
Shares.
M ay,
Sept.,
Mar.,
Sept ,
Mar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
Series.
D ate o r
I ssue .
Value per
Share.
Reconciliation of Share Account with Dues and Profits Capital.
$80,613
18,893
28,610
15,049
13,549
13,429
15,700
5,780
8,488
1,530
90
28
38
98
66
76
05
76
80
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per gen
eral ledger,
Unpaid dues,
.
$181,872 00
18,370 57
2,120 00
716 00
$202,362 57
Total.....................................
$202,362 57
No. 8.]
65
SAVINGS BANK COMMISSIONERS
F IT C H B U R G C O -O P E R A TIV E B A N K — F IT C H B U R G .
Incorporated Oct. 27, 1877.
Commenced business Nov. 8, 1877.
Capital to be accumulated, $1,000,000.
J a b e z F i s h e r , President.
J o se p h F . S im o n d s , Secretary.
C h a r l e s F . B a k e r , Treasurer.
Names of security committee:
A sa S. L a w t o n ,
M a r t in W e b b e r .
Regular meetings the third Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A8SETS.
L ia b il it ie s .
$508,920 00
Loans on real estate, .
20,200 00
Loans on shares, .
2,955 63
Real estate by foreclosure, .
6,907 12
Unpaid dues,
5,458 71
Unpaid interest, .
49 36
Unpaid premiums,
241 60
Unpaid fines,
13 78
Estate of Chas. E. Howard,
37 31
Estate of James W . Welch,
95
94
Estate of M. E. McCarnick,
04
Estate of W m . H. Riley, .
16,159 06
Cash in hands of treasurer,
Dues capital, .
.
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
Advance dues,
Due sundry persons,
Estate of Edward Legros,
Estate of Lurena Oliver,
Estate of H. H. Jennerson, .
Estate of A. J. Hebert, .
Estate of Mary Haley, .
Estate of A. B. Lawrence,
Estate of S. Rivers,
Estate of S. M. Brown, .
Estate of A. M. Choate,
Estate of Geo. E. Wright, .
Estate of E. Guenette, .
Estate of P. Laflamme, .
Suspense account, .
$561,038 55
Number of shares issued during the y e a r , ................................... 2,874
Number of shares now in f o r c e , .....................................................10,717
Number of shares now borrowed upon, .
.
.
.
.
.
3,088
Largest number of shares held by any one member,
. . .
25
Number of shares withdrawn during the year..................................1,871
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$464,064
89,313
1,098
1,731
457
2,223
201
12
202
127
162
114
543
173
239
107
00
33
30
18
73
00
01
99
13
99
82
16
74
24
29
36
32
69
151 33
113 94
$561,038 55
66
REPORT OF THE
[Pub. Doc.
Number of shares forfeited during the y e a r ,............................................ 113
Number of shares retired during the y e a r , ............................................ 282
Number of shares matured during the year,.............................................68
Amount of dues received during the y e a r , ..................................................... $126,986 09
Highest per centum of interest received during the year : 6 l| .
Lowest per centum of interest received during the year : 6.
Number of members withdrawn during the y e a r ,....................................113
Present number of m em bers,....................................................................... 1,451
Present number of b o r r o w e r s , ................................................................. 498
Present number of non-borrowers,................................................................. 953
Number of loans secured by first mortgage of real estate, .
.
. 549
Number of loans on s h a r e s ,.......................................................................... 171
Largest loan to any one m em ber,........................................................................
5,000 00
Smallest loan to any one m e m b e r , ...............................................................
10 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
1,192 64
Amount of profits credited to shares during the y e a r ,....................................
29,491 14
Date of examination by commissioner : September 9.
Value per
Share.
Total
Value.
H a y , 1881,
-Nov., 1881,
H a y , 1882,
N ov., 1882,
H a y , 1883,
N ov., 1883,
M ay, 1884,
N o v ., 1884,
May, 1885,
N ov., 1885,
M ay, 1886,
N ov., 1886,
May, 1887,
N ov., 1887,
M ay, 1888,
N ov., 1888,
May, 1889,
N ov., 1889,
M ay, 1890,
N ov., 1890,
May, 1891,
N ov., 1891,
M ay, 1892,
N o. of
Shares.
D ate oe
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
47
92
102
126
138
144
176
119
143
178
355
293
736
651
592
546
732
761
746
647
924
1,148
1,321
$198 80
187 05
175 62
164 55
153 79
143 34
133 19
123 34
113 78
104 50
95 49
86 72
78 24
69 99
61 98
54 24
46 73
39 44
32 37
25 51
18 85
12 38
6 10
$9,343
17,208
17,913
20,733
21,223
20,640
23,441
14,677
16,270
18,601
33,898
25,408
57,584
45,563
36,692
29,615
34,206
30,013
24,148
16,504
17,418
14,212
8,058
60
60
24
30
02
96
44
46
54
00
95
96
64
49
16
04
36
84
02
97
40
24
10
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
$464,064 00
89,313 33
-
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$553,377 33
Total....................................
$553,377 33
No. 8.]
SAVINGS BANK COMMISSIONERS.
FOXBOEOUGH
C O -O P E R A T IV E
Incorporated Feb. 25, 1889
67
B A N K — FO XB O R O U G H .
Commenced business March 19, 1889.
Capital to be accumulated, $1,000,000.
A . F. B e m is , President.
F. S. L a n e , Secretary.
F. S. L a n e , Treasurer.
Names of security committee:
W m . B. Crocker,
C h a s . C. S u m n e r ,
E
Ch as. H . H ar tsh o rn .
zra
P ic k e n s ,
Regular meetings the third Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Temporary expense account,
Cash in hands of treasurer, .
L ia b il it ie s .
$19,850
435
33
4,014
00
00
44
67
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Withdrawal profits,
$24,333 11
Number of shares issued during the y e a r , ....................................
Number of shares now in f o r c e , ......................................................
Number of shares now borrowed upon,.............................................
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
.
.
.
.
Amount of dues received during the y e a r , ....................................
Highest premium received during the year.......................................
Lowest premium received during the y e a r ,....................................
Number of members withdrawn during the year,
Present number of members,...............................................................
Present number of borrowers,
.
.
.
.
Present number of non-borrowers,......................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$22,271
1,683
68
12
5
00
45
50
00
54
25
256 38
21 68
14 31
$24,333 11
.
.
.
.
.
314
962
137
25
172
.
#
. 33
. 214
. 24
. 190
$10,922 00
20
05
EEPOET OF THE
68
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
20
Number of loans on s h a r e s ,....................................................................... 4
Largest loan to any one m em ber,........................................................................ $2,800 00
Smallest loan to any one member,.......................................................................
40 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
174 84
Amount of profits credited to shares during the y e a r ,....................................
1,066 71
Date of examination by commissioner : February 5.
Mar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
1
2
3
4
5
6
7
8
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
195
115
28
102
141
103
205
73
$48
41
34
27
20
14
8
2
66
38
32
47
82
36
09
00
Total
Value.
Value per
Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$9,488
4,758
960
2,801
2,935
1,479
1,658
146
70
70
96
94
62
08
45
00
Dues capital, as per general
ledger,
.
Profits capital, as per general ledger,
Unpaid dues,
$22,271 00
1,683 45
307 00
32 00
$24,261 45
Total....................................
$24,261 45
No. 8.]
69
SAYINGS BANK COMMISSIONERS.
G A R D N E R C O -O P E R A T IV E B A N K — G A R D N E R .
Incorporated Jan. 14, 1889.
Commenced business March 12, 1889.
Capital to be accumulated, $1,000,000.
A u g u stu s K n o w l t o n , President.
J a m e s A . S t il e s , Secretary.
J a m e s A. S t i l e s , Treasurer.
Names of security committee:
G e o . B. H a g e r ,
G uy W . Ga r la n d ,
O r r is o n O. B r i g h a m .
Regular meetings the second Tuesday of each month.
B a l a n c e Sh e e t , O cto ber
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares,.
Permanent expense account,
Temporary expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,
31, 1892.
$61,550
3,185
351
75
373
33
27
14
00
00
00
23
19
13
31
62
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
38
80
10
13
00
25
85
53
68
25
55
52
90
95
$65,609 48
$65,609 48
Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,.
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,....................................
$59,116
5,582
670
71
24
. 725
2,151
. 440
. 25
. 430
3
.
$24,764 00
40
02
. 57
. 407
70
REPORT OF THE
[Pub. Doc
Present number of b o r r o w e r s , .............................................•
. 73
Present number of non-borrowers,....................................
. 364
Number of loans secured by first mortgage of real estate, .
. 81
Number of loans on s h a r e s ,......................................................
Largest loan to any one m em ber,.............................................
Smallest loan to any one m e m b e r , ....................................
•
•
•
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
Date of examination by commissioner: September 21.
.
$2,600
50
496
3,279
00
00
28
98
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
1
2
3
4
5
6
7
8
Dues paid in advance,
T o ta l,.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
806
178
159
92
242
140
361
173
$49
41
34
27
20
14
8
2
$39,502
7,422
5,498
2,543
5,065
2,018
2,927
346
06
60
22
80
06
80
71
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$59,116 00
5,582 25
716 00
90 00
.
•
01
70
58
65
13
42
11
00
Total
Value.
O
*Jh
O
m
N o. of
Shares.
D a te or
I ssu e.
Value per
Share.
Reconciliation of Share Account with Dues and Profits Capital.
•
$65,414 25
Total,
.
.
.
.
$65,414 25
No. 8.]
71
SAVINGS BANK COMMISSIONERS.
G E R M A N IA C O -O P E R A TIV E B A N K — BO STON.
Incorporated Oct. 3, 1885.
Commenced business Oct. 20, 1885.
Capital to be accumulated, $1,000,000.
J o se p h T o n d o e f , Jr., President.
A n d r e w M . D o r r , Secretary.
M a r t in H a s e n e u s s , Treasurer.
Names of security committee:
H e r m a n Ob e r m a r k ,
T heodor F a n de l,
G erhard K
raneftjss .
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$162,850 00
Loans on real estate, .
3,900 00
Loans on shares, .
520 00
Permanent expense account,
99 33
Temporary expense account,
7,795 44
Real estate by foreclosure, .
155 06
Cash in hands of secretary,.
9,465 34
Cash in hands of treasurer,.
$184,785 17
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
F i n e s , ....................................
Transf erees, .
.
.
.
Surplus,’ ....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
Suspense account, .
$158,371
24,034
962
22
170
933
64
87
137
$184,785 17
Number of shares issued during the y e a r , ....................................2,282
Number of shares now in f o r c e , ......................................................5,883
Number of shares now borrowed u p o n , .................................... 1,017
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year,
.
.
.
.
1,267
Number of shares forfeited during the y e a r ,............................................ 36
Number of shares retired during the year...................................................90
Amount of dues received during the y e a r , ..................................................... $61,555 00
Highest per centum of interest received during the year: 11$.
Lowest per centum of interest received during the year: 5J.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
16
85
25
50
05
81
50
63
66
76
72
REPORT OF THE
[Pub. Doc
Number of members withdrawn during the year,....................................153
Present number of m em bers,.......................................................................... 692
Present number of b o r r o w e r s , ..................................................................114
Present number of non-borrowers,..................................................................578
Number of loans secured by first mortgage of real estate, . . .
87
Number of loans on s h a r e s ,..............................................................................36
Largest loan to any one member............................................................................$5,000 00
Smallest loan to any one member,........................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
1,377 57
10,325 50
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : December 17.
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
A p ril,
Oct.,
April,
Oct.,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
394
112
110
77
140
324
308
25
288
327
444
611
819
983
921
$107
97
89
80
72
63
55
48
40
33
26
19
13
7
1
09
98
07
41
05
86
97
27
80
62
66
93
42
11
00
Total
Value.
Value per
Share.
D ate op
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$42,193
10,973
9,797
6,191
10,087
20,690
17,238
1,206
11,750
10,993
11,837
12,177
10,990
6,989
921
46
76
70
57
00
64
76
75
40
74
04
23
98
13
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$158,371 00
24,034 16
1,654 00
20 00
$184,059 16
Total....................................
$184,059 16
No. 8.1
73
SAYINGS BANK COMMISSIONERS
GLO U C ESTER C O -O P E R A T IV E B A N K — GLOUCESTER.
Incorporated March 2, 1887.
Commenced business April 14, 1887.
Capital to be accumulated, $1,000,000.
W . F r a n k P a r s o n s , President.
E
E v e r e t t L a n e , Treasurer.
verett
L a n e , Secretary.
Names of security committee :
A sa G. A n d r e w s ,
E d w i n O. P a r s o n s ,
H e r b e r t P r e sso n ,
J o h n S. R
o gers,
Jos. C. S h e p h e r d .
Regular meetings the second Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Temporary expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,.
*82,550
7,900
7
140
16
35
2,888
00
00
08
25
93
64
38
$82,426
9,714
489
58
19
Dues capital, .
.
.
.
Profits capital (all series),
Interest.......................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus.......................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
603
213
7
6
$93,538 28
$93,538 28
Number of shares issued during the year, .
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year, .
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
35
10
19
16
50
41
25
65
67
821
2,809
676
25
296
77
,
80
$30,724 00
35
05
74
REPORT OF THE
[Pub. Doc.
Present number of members,...............................................................
. 482
Present number of b o r r o w e r s ,......................................................
. 130
Present number of n o n -b o r r o w e r s ,.............................................
. 352
Number of loans secured by first mortgage of real estate, .
. 86
Number of loans on s h a r e s ,...............................................................
. 47
Largest loan to any one m em ber,......................................................
Smallest loan to any one member,......................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner: February 11.
$3,500
50
635
4,676
00
00
95
77
6
.
.
.
.
.
.
7
8
9
10
11
12
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
69
40
65
12
45
10
12
82
56
36
08
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
o
Total
Value.
$29,771
6,938
8,107
5,955
7,290
7,874
8,030
2,805
8,086
4,021
2,921
281
©
97
80
85
14
65
38
32
47
82
36
09
00
Oi
$78
70
62
55
47
40
33
26
19
13
7
1
to
377
98
129
108
153
195
241
106
408
301
412
281
CO
to
1
2
3
4
5
m
A p ril, 1887,
Oct., 1887,
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
1Value per
I Share.
D ate of
I ssue.
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
9,714 35
'521 00
578 00
$92,661 35
Total,
.
.
.
.
$92,661 35
No. 8.]
75
SAYINGS BANK COMMISSIONERS.
G R A F TO N C O -O P E R A T IV E B A N K — G R A F TO N .
Incorporated Oct. 19, 1887.
Commenced business Nov. 10, 1887.
Capital to be accumulated, $1,000,000.
D a n ie l N. G ib b s , President.
E. E. H o w e , Secretary.
Jos. A . D o d g e , Treasurer.
Names of security committee:
H e n r y F. W
A l b e r t L. F is h e r ,
in g ,
C h a s. H . N elson.
Regular meetings the second Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Unpaid interest, .
Cash in hands of treasurer,
$34,100
2,484
96
1,435
00
00
08
94
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
76
01
25
$38,116 02
$38,116 02
Num ber o f shares issued during the year,
Number of shares now in force...........................................
Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year,
.
Highest per centum of interest received during the year: 7.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year, .
Present number of m em bers,............................................
Present number of borrowers,............................................
Present number of non-borrowers......................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s , ............................................
Largest loan to any one m e m b e r ,....................................
$33,485
4,148
264
218
. 391
1,114
. 265
. 25
. 216
.
$12,820 00
36
205
42
163
25
17
4,000 00
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
77
SAYINGS BANK COMMISSIONERS
G U A R D IA N C O -O P E R A TIV E B A N K — BOSTON.
Incorporated July 2, 1886.
Commenced business Aug. 6, 1886.
Capital to be accumulated, $1,000,000.
G a m a l i e l B r a d f o r d , President.
D a n i e l E l d r e d g e , Secretary.
D a n ie l E l d r e d g e , Treasurer.
Names of security committee:
H ir a m A m e s,
John K. F e llo w s,
Ja m e s M. S im p s o n ,
W a l t e r H. R o b e r t s ,
A l e x . H. C l a p p .
Regular meetings the first Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$192,400 00
Loans on real estate, .
5,800 00
Loans on shares, .
400 00
Temporary expense account,
5,790 69
Real estate by foreclosure, .
870 25
Unpaid interest, .
62 85
Unpaid premiums,
86 66
Unpaid fines,
18,291
26
Cash in hands of treasurer,
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
Insurance account,
$223,701 71
Number of shares issued during the year, .
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,.
Number of shares retired during the year, .
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$192,398
21,472
5,767
459
256
2
1,582
850
5
410
11
485
00
93
20
60
24
00
34
00
90
84
66
00
$223,701 71
1,789
5,939
1,180
. 25
1,083
. 63
. 150
$67,876 00
40
05
REPO RT OF THE
78
[Pub. Doc.
. 180
Number o f members withdrawn during the year,
. 809
Present number of m e m b e r s , .............................................
. 117
Present number of b o r r o w e r s ,.............................................
. 692
Present number of n o n -b o r r o w e r s ,....................................
. 115
Number of loans secured by first mortgage of real estate, .
. 27
Number of loans on s h a r e s ,......................................................
Largest loan to any one m em ber,.............................................
Smallest loan to any one m e m b e r , ....................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
Date of examination by commissioner: February 23.
$4,800
50
1,646
11,192
00
00
22
61
A u g .,
D ee.,
June,
Dee.,
June,
Dee.,
June,
Dee.,
June,
D ee.,
June,
D ee.,
June,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1
2
3
4
5
6
7
8
9
10
11
.
12
13
215
388
384
286
325
419
318
374
391
406
821
428
1,184
$88
83
75
67
59
51
44
37
30
23
17
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
98
33
10
12
37
85
54
45
58
88
39
11 10
5 00
$19,130
32,332
28,838
19,196
19,295
21,725
14,163
14,006
11,956
9,695
14,277
4,750
5,920
70
04
40
32
25
15
72
30
78
28
19
80
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$192,398 00
21,472 93
1,787 00
370 00
Dues paid in advance,
Total, .
Total
Value.
Value per
Share.
D ate of
I sstje.
N o . of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
•
• $215,657 93
Total....................................
$215,657 93
No. 8.]
79
SAYINGS BANK COMMISSIONERS.
H A V E R H IL L
C O -O P E R A TIV E B A N K — H A V E R H IL L .
Incorporated Aug. 20, 1877.
Commenced business Sept. 3, 1877.
Capital to be accumulated, $1,000,000.
A mos W . D o w n in g , President.
W
m.
H . P a g e , Secretary.
W i . H . P a g e , Treasurer.
Names of security committee:
I r a 0 . Sa w y e r ,
M. W
F r a n k C. C a m s ;.
arren
H a n sc o m ,
Regular meetings the first Monday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
$353,800 00
Loans on real estate, .
6,050 00
Loans on shares, .
4,463 49
Real estate by foreclosure, .
5,397 45
Unpaid interest, .
625 90
Unpaid premiums,
343 39
Unpaid fines.
13 19
Mortgage balance,
22,474 02
Cash in hands of treasurer,
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
Forfeited share account,
Matured share account,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
11
53
00
40
40
$393,167 44
$393,167 44
Number o f shares issued during the year,
.
Number o f shares now in force,
.
.
.
.
Number o f shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,.
Number of shares matured during the year, •
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,.
Present number of members,....................................
Present number of borrowers,
$322,009
62,990
1,783
2,000
319
4,065
2,507
8,560
1,990
25
1,553
33
48
$99,730 00
25
05
. 263
1,135
. 256
[Pub. Doc
REPORT OF THE
80
879
237
19
Present number of non-borrowers,....................................
Number of loans secured by first mortgage of real estate,
Number of loans on shares..................................................
Largest loan to any one m em ber,....................................
Smallest loan to any one member......................................
Amount of expenses of the corporation for the year endin
Amount of profits credited to shares during the year, .
Date of examination by commissioner : May 17.
.
2, .
$5,000
50
1,835
22,267
00
00
59
63
Jan.,
July,
Jan.,
July,
Jan.,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
7
8
9
.
.
.
.
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
54
32
96
131
83
181
77
210
227
346
183
257
501
670
630
328
434
964
858
955
1,343
$190
178
166
155
144
126
116
106
97
62
41
57
10
06
46
36
63
21
8 8 12
79
70
62
54
47
39
32
25
18
12
6
33
85
65
71
05
65
50
58
87
38
09
Total
Value.
Value per
Share.
D ate of
I ssue.
No. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$10,293
5,709
15,990
20,318
11,956
22,889
8,959
22,392
22,066
30,489
14,517
18,208
31,387
36,655
29,641
13,005
14,105
24,659
16,190
11,822
8,178
48
12
72
10
98
26
72
30
67
52
39
45
65
70
50
20
00
12
46
90
87
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$322,009 00
62,990 11
5,147 00
..
708 00
$390,146 11
Total,
.
.
.
.
$390,146 11
No. 8.]
81
SAVINGS BANK COMMISSIONERS.
H E N R Y W IL SO N - CO -O P E R A TIV E B A N K — N A T IC K .
Incorporated Oct. 23, 1886.
Commenced business Nov. 12, 1886.
Capital to be accumulated, $1,000,000.
J o h n R. A d a m s , President.
H arvey H. W
M il t o n F. J o n e s , Secretary.
h it n e y ,
Treasurer.
Names of security committee:
J o se p h W
A
mos
il d e ,
E . S. D o d g e ,
P. C h e n e y ,
E d w a r d M cM a n u s ,
J. E . S w e e t l a n d .
Regular meetings the second Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Real estate by foreclosure, .
Unpaid interest, .
Unpaid premiums,
Unpaid tines.
Cash in hands of treasurer, .
$92 950
7,«50
179
2,475
952
79
73
10,849
00
00
92
00
75
70
58
59
Dues capital, .
.
.
.
Protits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
48
68
00
38
$115,410 54
$115,410 54
Number of shares issued during the year,
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year, .
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
.
Number of members withdrawn during the year, .
Present number of members, .
•
$99,116
14,973
737
565
18
. 431
2,493
. 742
. 25
. 358
. 178
.
.
.
.
.
. 45
. 397
$29,395 00
05
05
82
REPORT OF THE
[Pub. Doc,
.
.
.
.
101
296
84
58
O
o
m
1892, .
GO
Present number of b o r r o w e r s ,....................................
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate, .
Number of loans on shares, .
.
.
.
Largest loan to anv one member...........................................................
Smallest loan to any one member,......................................................
Amount of expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner : April 29.
00
50 00
539 41
6,140 46
N ov.,
May,
N ov.,
May,
N ov.,
May,
Nov.,
May,
N ov.,
May,
Nov.,
May,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
.
.
.
.
.
.
.
.
.
l
2
3
4
5
6
7
8
9
10
11
12
D u es )aid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
otal
Value.
8
GQ
alue pel
Share.
D ate of
I ssue .
'o. of
Shares.
Reconciliation of Share Account with Dues and Profits Capital.
»
>
H
340
180
291
126
144
157
191
279
201
173
141
270
$87
78
70
62
54
46
39
32
25
18
12
6
19
59
28
21
39
81
47
37
49
82
36
09
$29,644
14,146
20,451
7,838
7,832
7,349
7,538
9,031
5,123
3,255
1,742
1,644
60
20
48
46
16
17
77
23
49
86
Dues capital, as per general
ledger,
.
Profits capital, as per gen
eral ledger,
Unpaid dues,
$99,116 00
14,973 48
1,649 00
30
140 00
$115,738 48
Total,
.
$115,738 48
No. 8.]
83
SAYINGS BANK COMMISSIONERS
H IN G H A M C O -O P E R A TIV E B A N K -H D i G H A M .
(£
Incorporated June 1, 1889.
Commenced business June 5, 1889.
Capital to be accumulated, $1,000,000.
E b e d L. R i p l e y , President.
W a l t e r B . F o s t e r , Secretary.
W a l t e r B . F o st e r , Treasurer.
Names of security committee:
E. W
aters
B urr,
C. S u m n e r C u s h in g ,
F r a n c is M. R i p l e y ,
E
S te tso n F o st e r ,
dw ard
H . B artlett.
Regular meetings the first Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
.
..
Cash in hands of treasurer, .
$50,350
1,350
64
37
4
7
2,550
oo
00
00
50
20
14:
17
Dues capital, .
.
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
58
37
32
74
$54,363 01
$54,363 01
Number of shares issued during the year, .
.
.
Number of shares now in f o r c e , ....................................
Number of shares now borrowed upon,
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of m e m b e r s , ....................................
Present number of b o r r o w e r s ,....................................
Present number of non-borrowers,
.
.
.
.
$50,071
4,214
25
48
3
.
906
2,292
. 400
.
25
.
89
.
•
•
.
22
. 339
. 47
. 292
$24,397 00
40
05
84
REPORT OF THE
[Pub. Doc,
Number of loans secured by first mortgage of real estate, . . .
36
Number of loans on s h a r e s ,........................................................................ 11
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member.........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : December 1.
$5,000
50
166
2,612
00
00
42
95
June,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
1889,
1889,
1890,
1890,
1991,
1891,
1892,
1
2
3
462
173
220
204
342
313
578
4
.
.
.
5
6
7
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$45
39
32
25
18
12
6
73
65
54
63
92
11
11
Total
Value.
Valueper
Share.
D ate op
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$21,127
6,859
7,158
5,228
6,470
3,884
3,531
26
45
80
52
64
33
58
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
.
$50,071 00
4,214 58
211 00
236 00
Total,
.
.
.
.
$54,496 58
No. 8.]
85
SAYINGS BANK COMMISSIONERS
HOLBROOK CO -O P E R A TIV E B A N K — HOLBROOK.
Incorporated May 31, 1888.
Commenced business June 11, 1888.
Capital to be accumulated, $1,000,000.
E. N e w t o n T h a y e r , President.
G e o . T. W
G eo . T . W
il d e ,
il d e ,
Secretary.
Treasurer.
Names of security committee :
A . G. H a n n a ,
L e w is A l d e n ,
A . C. H o l b r o o k .
Regular meetings the second Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid tines,
Cash in hands of secretary,
$29,675
1,815
60
43
34
2
5
1,231
00
00
00
00
46
85
74
65
$32,867 70
Dues capital..............................
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Withdrawal profits,
$29,169
2,732
728
39
25
00
06
74
52
56
75
90 68
50 00
31 39
$32,867 70
Number of shares issued during the year................................................... 117
Number of shares now in f o r c e , ............................................................... 788
Number of shares now borrowed upon,...................................................... 203
Largest number of shares held by any one member, .
.
.
.
20
Number of shares withdrawn during the y e a r , .................................... 128
Amount of dues received during the y e a r , ...................................................... $9,425 00
Highest premium received during the year........................................
Lowest premium received during the y e a r ,......................................................
Number of members withdrawn during the year, r
.
.
.2 0
Present number of members,............................................................................167
Present number of borrowers,
.................................................................... 39
Present number of non-borrowers,..................................................................128
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
05
50
[Pub. Doc
REPORT OF THE
86
Number of loans secured by first mortgage of real estate, .
.2 9
Number of loans on s h a r e s ,........................................................................ 10
Largest loan to any one member,........................................................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : April 22.
$3,800 00
100 00
102 89
1,479 56
June,
D ec.,
June,
D ec.,
June,
Dec.,
June,
Dec.,
June,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1
2
3
4
.
5
6
7
8
9
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
323
101
19
66
33
72
47
64
63
$58
51
44
37
30
23
17
11
5.
.
96
60
37
32
47
82
86
09
00
Total
Value.
Value per
Share.
D ate of
I ssue.
No. of
Shares
Series.
'Reconciliation of Share Account with Dues and Profits Capital.
$19,044
5,211
843
2,463
1,005
1,715
815
709
315
08
60
03
12
51
04
92
76
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$29,169 00
2,732 06
249 00
27 00
$32,150 06.
Total,
.
.
.
.
$32,150 06
No. 8.]
87
SAYINGS BANK COMMISSIONERS
H O LY O K E C O -O P E R A TIV E B A N K — H O LY O K E .
Incorporated July 24, 1880.
Commenced business Aug. 25, 1880.
Capital to be accumulated, $1,000,000.
J o se p h W . M o o r e , President.
D w i g h t O. J u d d , Secretary.
D w i g h t O. J u d d , Treasurer.
Names of security committee :
C h a r l e s L. A l l e n ,
T homas W . D o y l e ,
J oh n H. M o n t g o m e r y .
Regular meetings the fourth Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
$148,400 00
Loans on real estate, .
17,350 00
Loans on shares, .
95 12
Permanent expense account,
958 00
Unpaid dues.
Unpaid interest, .
517 00
2 34
Unpaid premiums,
45 94
Unpaid tines,
400 00
Furniture................................
15,181 91
Cash in hands of treasurer,.
$182,950 34
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
Forfeited share account,
$150,802
31,121
567
443
15
$182,950 34
Number of shares issued during the year, .
.
.
.
.
1,184
Number of shares now in f o r c e , ...................................................... 3,599
Number of shares now borrowed upon.............................................. 1,080
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 650
Number of shares forfeited during the year............................................... 10
Number of shares matured during the year,............................................. 10
Amount of dues received during the y e a r , ...................................................... $43,162 00
Highest per centum of interest received during the year: 7£.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
.
.
.
.
106
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
19
66
52
97
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
89
SAYINGS BANK COMMISSIONERS
HO M E C O -O P E R A T IV E B A N K — W O R C E S T E R .
Incorporated June 10, 1882.
Commenced business June 16, 1882.
Capital to be accumulated, $1,000,000.
E . H . T o w n e , President.
T . <1■ H a s t in g s , Secretary.
T . J. H a s t in g s , Treasurer.
Names of security committee:
E. J. B au d w e l l ,
D a n ie l P a u l in ,
D . C. L e o n a r d .
Regular meetings the Friday preceding the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$379,711 60
Loans on real estate, .
20,185 00
Loans on shares, .
570 41
Temporary expense account,
19,066 73
Cash in hands of treasurer,
Dues capital, .
.
Profits capital (all series),
Interest,....................................
Fines...........................................
Transfer fees, .
.
.
.
Surplus.......................................
Guaranty fund,
Forfeited share account,
Suspense account, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
02
43
03
50
83
00
85
08
$419,533 74
$419,533 74
Number of shares issued during the year.................................
Number of shares now in f o r c e , .............................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year, .
.
.
.
Amount of dues received during the year, .
.
.
.
Highest per centum of interest received during the year: 6£.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
Present number of members,......................................................
$346,397
60,263
8,669
381
3
2,233
915
35
635
2,199
8,494
2,340
. 25
1,435
.
.
2
94
.
. 160
. 923
$100,733 00
90
REPORT OF THE
[Pub. Doc
. 264
. 659
. 224
. 82
O
o
o
ló
m
Present number of borrowers,
.
.
.
.
Present, number of non-borrowers,
Number of loans secured by first mortgage of real estate, .
Number of loans on shares, .
.
.
.
Largest loan to any one m em ber,....................................
Smallest loan to any one member,....................................
Amount of expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
.
.
Date of examination by commissioner: May 5.
1892, .
,
#
00
50 00
1,353 97
21,427 79
June,
D ec.,
June,
D ec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
95
81
203
132
141
213
222
291
282
316
396
299
576
444
570
597
721
840
1,089
909
4
5
6
7
8
9
.
.
10
11
12
13
14
15
.
16
*
17
18
19
20
21
.
.
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$173
162
151
141
131
121
111
102
93
84
75
67
59
52
44
37
30
23
17
11
5
77
•
*
•
94
75
90
37
13
17
53
18
13
39
89
69
77
10
68
51
58
88
39
10
00
Total
Value.
1
2
3
Value per
Share.
N o. of
Shares.
D ate op
I ssue ,
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$16,524
12,531
12,303
28,698
17,309
17,084
23,755
22,683
27,100
23,797
23,981
26,805
17,871
30,009
19,837
21,380
18,256
17,217
14,607
12,087
4,545
30
75
90
11
16
97
89
96
83
98
24
24
23
60
92
70
26
48
60
90
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$346,397 00
60,263 02
2,196 00
465 00
$408,856 02
Total,
.
.
.
.
$408,856 02
No. 8.]
SAYINGS BANK COMMISSIONERS. '
91
H O M E STE AD C O -O P E R A T IV E B A N K — BOSTON.
Incorporated Sept. 11, 1877.
Commenced business Sept. 12, 1877.
Capital to be accumulated, $1,000,000.
J o se p h S. R
o pes,
President.
D a n ie l E l d r e d g e , Secretary.
D a n ie l E l d r e d g e , Treasurer.
Names of security committee:
J a m e s M . S im p so n ,
John K . F ello w s,
J o h n D . Ca m p b e l l ,
'W a l t e r H . R o b e r t s ,
W
il l i s
S. M a s o n .
Regular meetings the second Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
O
O
CO
Loans on real estate, .
Loans on shares, .
Temporary expense account,
Real estate by foreclosure, .
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Mortgages, .
.
.
.
Interest on matured shares,
Cash in hands of treasurer,.
L ia b il it ie s .
14,700
350
4,320
1,747
218
134
7,560
25
1,714
00
00
00
63
50
95
94
00
00
90
Dues capital...............................
Profits capital (all series), .
Interest,...................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Retired shares,
$371,971 92
Number of shares issued during the y e a r , ....................................1,736
N umber of shares now in f o r c e , ..................................................... 7,655
Number of shares now borrowed upon,............................................ 2,113
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................943
N umber of shares forfeited during the y e a r , .................................... 24
Number of shares retired during the y e a r , .............................................160
Number of shares matured during the year,.............................................51
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$301,716
59,984
3,723
405
160
2
2,702
2,200
201
196
679
00
79
44
55
10
00
19
00
36
83
66
$371,971 92
92
REPORT OF THE
[Pub. Doc
, .
Amount of dues received during the year, . . . . . .
Highest premium received during the y e a r ,....................................
Lowest premium received during the y e a r , ....................................
Number of members withdrawn during the year,.
. 154
Present number of m em bers,..............................................................
. 970
Present number of borrowers,..............................................................
Present number of non-boyrowers,.....................................................
. 731
Number of loans secured by first mortgage of real estate, .
.
. 228
Number of loans on s h a r e s ,......................................................
. 69
Largest loan to any one m e m b e r ,............................................
Smallest loan to any one member........................................................
.
,
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner: February 23.
$87,068 00
85
05
5,000
50
2,087
23,337
00
00
34
96
Mar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
.
.
.
.
36
33
23
112
130
66
323
146
253
296
141
234
338
716
461
394
562
527
576
739
940
609
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
•
•
$188
175
163
151
140
130
119
109
100
91
82
73
65
57
49
41
34
27
20
14
8
2
.
•
06
64
56
99
83
13
84
93
38
16
24
63
31
27
50
99
74
74
97
43
11
00
Total
Value.
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Value per
Share.
No. of
Shares.
D ate
o r I ssu e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$6,770
5,796
3,761
17,022
18,307
8,588
38,708
16,049
25,396
26,983
11,595
17,229
22,074
41,005
22,819
16,544
19,523
14,618
12,078
10,663
7,623
1,218
16
12
88
88
90
58
32
78
14
36
84
42
78
32
50
06
88
98
72
77
40
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
.
.
.
Unpaid dues,
$301,716 00
59,984 79
2,981 00
301 00
$364,681 79
Total,
.
.
.
.
$364,681 79
No. 8.]
1)3
SAYINGS BANK COMMISSIONERS.
H O U SATO N IC CO -O P E R A TIV E B A N K — GR EAT
B A R R IN G T O N .
Incorporated June 3, 1889.
Commenced business July 1, 1889.
Capital to be accumulated, $1,000,000.
N a t h a n ie l W
arner,
M. J. L e a h y , Secretary.
President.
T im o t h y Z. P o t t e r , Treasurer.
Names of security committee:
O.
C. H o u g h t a l in g ,
T im o t h y Z. P o t t e r ,
E . S. T h a t c h e r .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
$6,950
700
28
4
2,186
00
00
28
00
04
Dues capital, .
.
.
Profits capital (all series),
Interest,....................................
Fines...........................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
25
86
28
51
87
55
$9,868 32
$9,868 32
Number of shares issued during the year, .
.
.
.
Number of shares now in force...................................................
Number of shares now borrowed upon.....................................
Largest number of shares held by any one member, .
.
Number of shares withdrawn during the year,
Amount of dues received during the year,
.
.
.
.
Highest per centum of interest received during the year: 5^.
Lowest per centum of interest received during the year: 5.
Number of members withdrawn during the year, .
Present number of members,.....................................................
Present number of borrowers,
.
.
.
.
.
.
Present number of non-borrowers,............................................
$9,123
539
134
4
14
27
24
.
122
369
. 70
. 15
. 105
$4,302 00
.
.
20
. 106
.
20
86
94
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
11
Number of loans on s h a r e s ,...................................................................... 9
Largest loan to any one m e m b e r,.......................................................................
Smallest loan to any one member,.......................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner: October 11.
$
1,200
50
34
394
00
00
87
95
1
•2
3
4
5
6
7
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
142
34
20
23
33
53
64
88
18
28
70
31
10 08
4 00
Total
Value.J
Value per
Share.
$42
36
29
22
16
$6,088
1,230
585
522
538
534
256
96
12
60
10
23
24
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
©
©
1889,
1890,
1890,
1891,
1891,
1892,
1892,
CO
July,
Jan.,
July,
Jan.,
July,
Jau.,
July,
N o. of
Shares.
D ate oe
I ss u e .
Series.
Reconciliation of Share Accotait with Dues and Profits Capital.
539 25
115 00
22 00
$9,777 25
Total,
.
.
.
.
$9,777 25
No. 8.]
SAYINGS BANK COMMISSIONERS.
95
HUDSON" C O -O P E R A TIV E B A N K — HU DSON.
Incorporated Oct. 22, 1885. Commenced business Nov. 19, 1885.
Capital to be accumulated, $ 1,00U,(M)0.
A r t h u r T. K n ig h t , President.
C . H . H i l l , Secretary.
C h a s . E . H a l l , Treasurer.
Names of security committee:
B e n ja m in H a s t in g s ,
J o sia h S. W
C h a s . F. W
elsh ,
elch.
Regular meetings the third Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$104,950 00
Loans on shares, .
5,150 00
222 79
Permanent expense account,
Unpaid interest, .
618 75
Unpaid premiums,
60 92
Unpaid fines,
64 55
Cash in hands of treasurer,.
6,052 59
Dues capital, .
.
.
.
Profits capital (all series),
Surplus, .
.
.
Guaranty fund,
Forfeited share account,
$103,029
13,210
439
309
131
$117,119 60
Number of shares issued during the year,
.
.
.
.
Number of shares now in f o r c e , .............................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Number of shares forfeited during the year..............................
.
.
.
Number of shares retired during the year, .
Amount of dues received during the year, .
.
.
.
Highest per centum of interest received during the^year: 7^.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
Present number of members........................................................
Present number of b o r r o w e r s , .............................................
Present number of n o n -b o r r o w e r s ,....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
40
48
23
49
$117,119 60
1,207
3,411
. 641
. 25
. 897
.
8
20
.
.
. 65
. 493
. 114
. 379
$41,577 00
[Pub. Doc.
REPORT OF THE
96
Number of loans secured by first mortgage of real estate, . . .
87
Number of loans on s h a r e s ,........................................................................ 27
Largest loan to any one member, ........................................................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner: February 16.
$4,500
50
• 867
6,259
00
00
93
77
N ov.,
May,
N ov.,
May,'
N ov!,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
122
30
49
24
198
166
126
265
. 340
403
395
290
478
525
3
4
5
6
7
8
9
.
.
.
10
11
12
13
14
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$104
95
87
78
70
62
54
47
39
32
25
18
12
82
93
28
76
50
48
68
05
69
53
60
90
40
6 10
.
•
Total
Value.
1
2
.
Value per
Share.
N o. of
Shares.
D ate oe
I ssue.
Series.
Beconciliation of Share Account with Dues and Profits Capital.
.
•
•
$12,788
2,877
4,276
1,890
13,959
10,371
6,889
12,468
13,494
13,109
04
90
72
24
00
68
68
25
60
59
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per genera l le d g e r ,
Unpaid dues,
.
$103,029 00
13,210 40
851 00
1 0 ,1 1 2 00
5,481 00
5,927 20
3,202 50
242 00
• $117,090 40
Total....................................
$117,090 40
No. 8.]
97
SAYINGS BANK COMMISSIONERS.
H Y D E P A R K C O -O P E R A TIV E B A N K — H Y D E P A R K .
Incorporated March 26,1886.
Commenced business May 5, 1886.
Capital to be accumulated, SI,000,000.
T h o m a s E. F a u n c e , Secretary.
G eo . M i l e s , President.
T h o m a s E. F a u n c e , Treasurer.
Names of security committee:
J a m e s D. M c A y o y ,
A lo n zo H. R ic h a r d s o n ,
G e o . L. S t o c k in g .
Regular meetings the first Wednesday of each month.
B a l a n c e Sh e e t , O c t o b e r
31, 1892.
L ia b il it ie s .
A ssets.
$102,800 00
Loans on real estate, .
4,400 00
Loans on shares, .
250 00
Permanent expense account,
156 00
Temporary expense account,
3,254 77
Cash in hands of treasurer,
$99,041
10,359
768
85
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees.............................
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
1
137
291
9
164
$110,860 77
$110,860 77
Number of shares issued during the year,
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
50
75
20
71
25
93
55
94
74
20
1,169
3,949
. 704
. 25
. 794
2
. 10
.
.
.
$45,430 00
30
05
[Pub. Doc.
CO
. 116
Number of members withdrawn during the year, .
.
.
.
. 565
Present number of members,...............................................................
. 96
Present number of b o r r o w e r s ,......................................................
. 469
Present number of n o n -b o r r o w e r s ,.............................................
. 73
Number of loans secured by first mortgage of real estate, .
. 23
Number of loans on s h a r e s ,...............................................................
Largest loan to any one m em ber,......................................................
Smallest loan to any one member,......................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner: February 1.
'bo
o
o
REPORT OF THE
98
00
50 00
890 35
5,681 26
M ay,
M ar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
.
113
117
55
103
128
255
196
447
335
540
579
614
467
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$95
80
72
64
56
49
41
34
27
20
14
8
2
32
94
66
57
73
14
75
59
65
92
41
11
00
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
Value per
Share.
No. of
Shares.
D ate of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$10,771
9,469
3,996
6,650
7,261
12,530
8,183
■15,461
9,262
11,296
8,343
4,979
934
16
98
30
71
44
70
00
73
75
80
39
54
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$99,041 00
10,359 50
694 00
953 00
$110,094 50
Total....................................
$110,094 50
No. 8.]
99
SAYINGS BANK COMMISSIONERS
L A W R E N C E C O -O P E R A TIV E B A N K — L A W R E N C E .
Incorporated March 12, 1888.
Commenced business April 6, 1888.
Capital to be accumulated, $1,000,000.
W i . F o r b e s , President.
A. M. F a t , Secretary.
W . J. A b b o t t , Treasurer.
Names of security committee:
A . M. F a y ,
O sc ar Sp e a r ,
C o l in K e r r .
Regular meetings the first Friday of each month.
B a l a n c e Sh e e t , O c t o b e r
A ssets.
31, 1892.
L ia b il it ie s .
Loans on real estate, .
$117,800 00
Loans on shares,.
2,950 00
Permanent expense account,
145 97
Unpaid fines,
41 42
Cash in hands of treasurer,
1,880 42
$122,817 81
Dues capital, .
.
.
.
Profits capital (all series), .
Interest, .
.
.
Premiums,
.
.
.
.
Transfer fees,
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$111,117
10,400
332
27
563
318
40
18
00
15
36
67
25
63
08
32
35
$122,817 81
Number of shares issued during the y e a r , .................................... 2,192
Number of shares now in f o r c e , ...................................................... 5,391
Number of shares now borrowed upon........................................................... 752
Largest number of shares held by any onemember, .
.
.
.
25
Number of shares withdrawn during the y e a r , ........................................597
Number of shares forfeited during the year,.............................................4
Amount of dues received during the year............................................................ $51,839 00
Highest premium received during the y e a r ,......................................................
50
Lowest premium received during the y e a r , ......................................................
05
Number of members withdrawn during the year,
.
.
.
.118
Present number of members,............................................................................784
Present number of b o r r o w e r s , .................................................................. 117
Present number of n o n -b o r r o w e r s ,..........................................................667
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
REPORT OF THE
100
[Pub. Doc.
Number of loans secured by first mortgage of real estate, . . .
94
Number of loans on s h a r e s ,........................................................................ 29
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member,
.
.
.
•
•
• •
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year........................................
Date of examination by commissioner: February 26.
$5,000
300
616
6,082
00
00
16
47
Reconciliation of Share Account with Dues and Profits Capital.
O
Q
D ate on
I ssue .
s
*1
m
April, 1888,
Oct., 1888,
April, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
April, 1892,
Oct., 1892,
1
2
3
.
.
.
.
.
4
5
6
7
8
9
10
Dues paid in advance,
Total,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
¿ m
E-i
>
$63
55
47
40
33
26
19
13
7
1
332
198
465
362
467
326
583
678
980
1,000
.
.
6
Ps 6
©£
° s
.
.
07
44
99
72
63
72
99
45
12
00
$20,939
10,977
22,315
14,740
15,705
8,710
11,654
9,119
6,977
1,000
24
12
35
64
21
72
17
10
60
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per gen
eral ledger,
Unpaid dues,
$111,117 00
10,400 15
678 00
56 00
#122,195 15
Total,
$122,195 15
No. 8.]
SAYINGS BANK COMMISSIONEBS.
101
L E O M IN S T E R C O -O P E R A TIV E B A N K — L E O M IN ST E R .
Incorporated May 8, 1888.
Commenced business May 18, 1888.
Capital to be accumulated, $1,000,000.
J o e l G. T y l e r , President.
R o b e r t L . C a r t e r , Secretary.
R o b e r t L . C a r t e r , Treasurer.
Names of security committee :
Ch a r l e s E . B ig e l o w ,
W
il l a r d
F. L a w r e n c e ,
IIu lb ert L . H a r r is .
Regular meetings the third Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
.
.
•
Cash in hands of treasurer,
$55,073
675
123
360
39
24
2,974
00
00
71
00
50
40
30
$59,269 91
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
Forfeited share account,
$53,209
5,339
534
186
1
00
22
30
15
24
$59,269 91
Number of shares issued during the y e a r , .............................................811
Number of shares now in f o r c e , ......................................................2,108
Number of shares now borrowed upon,......................................................331
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year...........................................377
Amount of dues received during the y e a r , ...................................................... $23,614 00
Highest premium received during the y e a r ,......................................................
55
Lowest premium received during the y e a r , ......................................................
05
Number of members withdrawn during the year,.................................... 73
Present number of members,............................................................................338
Present number of b o r r o w e r s ,.....................................................................45
Present number of non-borrowers....................................................................293
Number of loans secured by first mortgage of real estate, . . .
37
Number of loans on s h a r e s ,............................................................................... 8
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
102
REPORT OF THE
[Pub. Doc
Largest loan to any one m e m b e r ,.......................................................................$4,775 00
Smallest loan to any one member,..................................................... ........
.
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
522 57
Amount of profits credited to shares during the y e a r ,....................................
2,906 23
Date of examination by commissioner : May 10.
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
309
126
124
124
154
295
211
355
410
$61
54
46
39
32
25
18
12
69
05
63
41
39
55
89
41
6 11
Total
Value.
Value per
Share.
D ate op
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$19,062
6,810
5,782
4,886
4,988
7,537
3,985
4,405
2,505
21
30
12
84
06
25
79
55
10
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$53,209 00
5,339 22
1,604 00
189 00
$60,152 22
Total,
.
.
.
.
$60,152 22
103
SAYINGS BANK COMMISSIONERS
No. 8.]
L O W E L L C O -O P E R A T IV E B A N K — L O W E L L .
Incorporated April 29, 1885.
Commenced business May 14, 1885.
Capital to be accumulated, $1,000,000.
A
rtemas
B. W
oodw orth,
President.
G e o r g e W . B a t c h e l d e r , Secretary.
D a n ie l A . E a t o n , Treasurer.
Names of security committee:
J o se p h L. S e d g l e t ,
C a l e b L. S m i t h ,
C h a r l e s H. B u r t t .
Regular meetings the first Friday after the tenth of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssbts.
$153,450 00
Loans on real estate, .
9,580 00
Loans on shares, .
90 00
Permanent expense account,
276 85
Unpaid interest, .
21 30
Unpaid premiums,
41 14
Unpaid fines,
3 28
Cash in hands of secretary,
4,853 69
Cash in hands of treasurer, .
Dues capital..............................
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$168,316 26
00
54
35
65
95
08
68
07
94
$168,316 26
Number of shares issued during the year, .
Number of shares now in f o r c e , ....................................
Number of shares now borrowed upon,
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Number of shares forfeited during the year,.
Number of shares retired during the year, .
Amount of dues received during the year, .
Highest per centum of interest received during the year
Lowest per centum of interest received during the year : 6l V
Number of members withdrawn during the year,
Present number or members,.............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$144,877
22,935
41
3
5
100
302
49
4.
1,119
4,292
1,064
. 25
720
.
10
. 33
•
*
. 100
. 524
104
REPORT OF THE
[Pub. Doc.
Present number of borrowers,
............................................................... 145
Present number of n o n -b o r r o w e r s ,...................................................... 379
Number of loans secured by first mortgage of real estate, .
.
. 113
Number of loans on s h a r e s ,........................................................................32
Largest loan to any one m em ber,........................................................................ $5,000 00
Smallest loan to any one m e m b e r , ...............................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31,1892, .
729 94
Amount of profits credited to shares during the year........................................
9,655 44
Date of examination by commissioner : March 28.
Total
Value.
Value per
Share.
J
D ate of
ISSUE.
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
M ay,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
May,
N ov.,
May,
N ov.,
May,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
164
95
49
156
76
163
180
303
341
307
593
290
535
440
600
$117
107
98
88
80
71
63
55
47
39
32
25
18
12
25
55
11
96
05
45
15
14
39
90
66
68
94
42
6 11
$19,229
10,217
4,807
13,877
6,083
11,646
11,367
16,707
16,159
12,249
19,367
7,447
10,132
5,464
3,666
00
25
39
76
80
35
00
42
99
30
38
20
90
80
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$144,877 00
22,935 54
652 00
41 00
$168,464 54
Total....................................
$168,464 54
No. 8.]
SAYINGS BANK COMMISSIONERS.
105
L Y N N C O -O P E R A TIV E B A N K — L Y N N .
Incorporated Nov. 18, 1891.
Commenced business Nov. 23, 1891.
Capital to be accumulated, $1,000,000.
G e o r g e W . M o u l t o n , President.
W i l l i a m E . D o w n in g , Secretary.
J o se p h W . H a k d in g , Treasure,r.
Names of security committee:
H e n ry B. F a l l s,
M. B u t m a n ,
S a m u e l C. H u t c h in s o n ,
W i l l i a m E . D o w n in g ,
C h a r l e s A . L o v e jo y .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,.
$6,400
380
140
11
00
00
00
98
65
20 10
1,535 68
$8,488 41
Dues capital..............................
Profits capital (all series),
Surplus,....................................
Guaranty fund,
$8,344
134
4
5
$8,488 41
Number of shares issued during the year.......................................... 1,047
Number of shares now in f o r c e , ............................................................... 871
Number of shares now borrowed u p o n , ..............................................98
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .....................................176
Amount of dues received during the y e a r , .......................................................$9,713 00
Highest per centum of interest received during the year: 6yo.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
.
.
.
.
19
Present number of members,............................................................................108
Present number of borrowers..............................................................................10
Present number of non-borrowers...................................................................... 98
Number of loans secured by first mortgage of real estate, . . .
4
Number of loans on s h a r e s,................................................................................7
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
91
50
00
106
REPOET OF THE
[Pub. Doc.
Largest loan to any one member............................................................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
.
.
.
Date of examination by commissioner : June 20.
$
2,000 00
10 00
338 32
134 91
N o. of
Shares.
Value per
Share.
Total
Value.
D ate of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
1
2
571
300
$12 21
6 05
$6,971 91
1,815 00
N ov., 1891,
M ay, 1892,
Dues paid in advance...................................
125 00
Total............................................................
$8,911 91
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
Dues capital, as per general
ledger.....................................
Profits capital, as per gen
eral ledger,
Unpaid dues,
. . .
Total,
.
.
.
.
$8,344 00
134 91
433 00
$8,911 91
No. 8.]
107
SAYINGS BANK COMMISSIONERS
M A L D E N C O -O P E R A TIV E B A N K — M A L D E N .
Incorporated April 27,1887.
Commenced business May 9, 1887.
Capital to be accumulated, $1,000,000.
M a r c e l l u s C o g g a n , President.
L e w i s P . B r o w n , Secretary.
L e w is P. B r o w n , Treasurer.
Names of security committee:
E zr a A . Ste v e n s,
J o h n E. S t a p l e s ,
G e o . L. G o u l d ,
J o h n E. F a r n h a m ,
M . S. O’D o n n e l l .
Regular meetings the second Monday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
$126,175 00
Loans on real estate, .
9,450 00
Loans on shares, .
240 50
Unpaid interest, .
32 05
Unpaid premiums,
25 00
Unpaid fines,
10,532 17
Cash in hands of treasurer,
Dues capital, .
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
Forfeited share account,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
29
80
00
63
$146,454 72
$146,454 72
Number of shares issued during the year,
Number of shares now in f o r c e , ....................................
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
.
Number of shares forfeited during the year, .
Number of shares retired during the year, .
Amount of dues received during the year,
Highest per centum of interest received during the year l0i V
Lowest per centum of interest received during the year: 6Vff•
Number of members withdrawn during the year, .
Present number of members,.............................................
Present number of b o r r o w e r s , ....................................
•
Present number of non-borrowers,
.
.
.
.
$127,461
18,018
539
417
18
1,523
4,213
. 996
. 25
. 451
2
. 48
•
. 61
. 551
. 147
. 404
108
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, .
.
.9 5
Number of loans on s h a r e s ,........................................................................58
Largest loan to any one m e m b e r,........................................................................$5,000 00
Smallest loan to any one member,........................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
419 91
Amount of profits credited to shares during the y e a r ,....................................
8,450 01
Date of examination by commissioner : April 22.
M ay,
Nov.,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
408
280
273
257
377
209
243
275
419
596
876
1
2
3
4
5
6
7
8
9
10
11
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$79
71
63
55
47
39
32
25
18
12
91
46
08
22
47
98
75
74
97
43
6 11
Total
Value.
Value per
Share.
Series.
D ate of
I ssue.
N o. of
Shares.
Reconciliation of Share Account with Dues and Profits Capital.
$32,603
20,008
17,220
14,191
17,896
8,355
7,958
7,078
7,948
7,408
5,352
28
80
84
54
19
82
25
50
43
28
36
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$127,461 00
18,018 29
903 00
360 00
$146,382 29
Total,
.
.
.
.
$146,382 29
No. 8.]
109
SAYINGS BANK COMMISSIONERS.
M A N SF IE L D C O -O P E R A T IV E B A N K — M A N S F IE L D .
Incorporated March 10, 1883.
Commenced business March 21, 1883.
Capital to be accumulated, $1,000,000.
D. E. H a r d i n g , President.
A . B. D a y , Secretary.
A . B. D a y , Treasurer.
Names of security committee:
S. C. L o v e l l ,
W . C. W
J. A . W
in t e r .
heeler.
Regular meetings the third Wednesday of each month.
B a l a n c e Sh e e t , O ctober
A ssets.
31, 1892.
L ia b il it ie s .
Loans on real estate, .
$156,915 00
Loans on shares, .
17,610 00
Permanent expense account,
94 00
Unpaid interest, .
.
1,084 73
Unpaid premiums,
36 53
Unpaid fines,
36 16
Cash in hands of treasurer,.
11,105 67
$186,882 09
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
$156,426
29,474
556
425
00
43
15
51
$186,882 09
870
Number of shares issued during the y e a r , ....................................
Number of shares now in force.............................................................3,593
Number of shares now borrowed upon........................................................ 1,463
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 591
Number of shares retired during the y e a r , ............................................. 23
Amount of dues received during the y e a r , ......................................................$40,565 00
Highest premium received during the y e a r ,......................................................
06
Lowest premium received during the y e a r ,......................................................
01
Number of members withdrawn during the year,
.
.
.
.
47
Present number of members,........................................................................... 506
Present number of borrowers............................................................................188
Present number of n o n -b o r r o w e r s ,..........................................................318
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
No. 8.]
Ill
SAVINGS BANK COMMISSIONERS.
M ARBLEHEAD
CO -O P E R A TIV E
Incorporated May 5, 1886.
BAN K — M ARBLEHEAD.
Commenced business May 6, 1886.
Capital to be accumulated, $1,000,000.
J o h n L a n c y , President.
B e n ja m in C o l e , Jr., Secretary.
B e n j a m in C o l e , Jr., Treasurer.
Names of security committee :
M. V . B. M o use ,
Jo h n L a n c y ,
F r a n k M il l it t .
Regular meetings the first Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Bonds of: —
Town of Lake, 111.,
City of Fort Wayne, Ind., .
City of Chicago, 111., .
Town of Beverly, Mass., .
City of Waltham, Mass., .
City of Cleveland, Ohio, .
City of Hyde Park, 111.,
Cash in hands of treasurer,.
$59,150
2,470
165
96
11
18
00
00
00
65
50
72
3,125
1,040
1,054
2,109
1,021
2,011
1,062
379
34
90
29
77
66
17
50
62
Dues capital..............................
Profits capital (all series), .
Surplus.......................................
Guaranty fund,
Forfeited share account,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
68
20
53
71
$73,717 12
$73,717 12
Number of shares issued during the year, .
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year, .
$62,762
10,375
227
298
53
. 273
1,427
. 403
. 25
.
210
1
.
16
112
REPORT OF THE
Amount of dues received during the year, .
.
.
.
Highest per centum of interest received during the year : 6.
Lowest per centum of interest received during the year : 4.
Number of members withdrawn during the year,
Present number of members........................................................
Present number of b o r r o w e r s ,.............................................
Present number of n o n -b o r r o w e r s ,....................................
Number of loans secured by first mortgage of real estate, .
Number of loans on s h a r e s ,......................................................
Largest loan to any one m em ber,.............................................
Smallest loan to any one member,
.
.
.
.
.
Amount of expenses of the corporation for the year ending Oct.
Amount of profits credited to shares during the year, .
Date of examination by commissioner : April 28.
[Pub. Doc.
$17,163 00
.
.•
49
.7 2
. 269
. 64
. 19
•
•
•
.
31, 1892, .
.
5,000
30
370
3,929
00
00
62
28
May,
N ov.,
May,
Nov.,
May,
N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
.
.
.
.
.
.
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
12
13
176
162
124
69
173
71
47
61
55
84
132
130
143
$95
86
78
69
62
54
46
39
51
79
24
99
00
25
73
44
3 2 36
25
18
12
6
49
84
38
11
T o t a l ,.........................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total
Value.
Value per
Share.
D ate op
I ssue.
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$16,809
14,059
9,701
4,829
10,726
3,851
2,196
2,405
1,779
2,141
2,486
1,609
873
76
98
76
31
00
75
31
84
80
16
88
40
73
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$73,471 68
Total.....................................
$62,762 00
10,375 68
334 00
$73,471 68
No. 8.]
113
SAYINGS BANK COMMISSIONERS
M AR LB O R O U G H
C O -O P E R A TIV E
BOROUGH.
Incorporated April 16, 1890.
BANK — M ARL
Commenced business May 1, 1890.
Capital to be accumulated, $1,000,000.
C h a r l e s F . R o b in s o n , P r e s i d e n t C h a s . F . H o l y o k e , Secretary.
C h a s . F . H o l y o k e , Treasurer.
Names of security committee:
J o h n S. F a y ,
H e r b e r t C. W
C h a s . W . C u r t is ,
E u gene O. B r ig h a m ,
r ig h t ,
E d w in F . L o n g l e y .
Regular meetings the second Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Cash in hands of treasurer,
$49,200
565
176
351
6,013
00
00
89
16
14
$56,306 19
Dues capital, .
.
.
.
Profits capital (all series),
Surplus.......................................
Guaranty fund,
Forfeited share account,
$52,142
3,604
347
80
131
00
18
53
81
67
$56,306 19
Number of shares issued during the y e a r , ............................................. 847
Number of shares now in f o r c e , ...................................................... 2,390
Number of shares now borrowed u p o n , ..................................................287
Largest number of shares held by anyone member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 449
Number of shares forfeited during the y e a r , .................................... 43
Amount of dues received during the y e a r , .............................................
$28,306 00
Highest premium received during the year.................................................................
10
Lowest premium received during the year..................................................................
05
Number of members withdrawn during the year,
.
.
.
.
76
Present number of members.............................................................................. 126
Present number of borrowers.............................................................................. 33
Present number of n o n -b o r r o w e r s ,..........................................................393
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
114
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
37
Number of loans on s h a r e s ,........................................................................4
Largest loan to any one m em ber,........................................................................ $5,000 00
Smallest loan to any one m e m b e r , ...............................................................
15 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
195 47
Amount of profits credited to shares during the y e a r ,....................................
2,569 50
Date of examination by commissioner : February 25.
M ay,
N ov.,
M ay,
N ov.,
M ay,
1890,
1890,
1891,
1891,
1892,
.
.
1,193
286
231
252
428
$32
25
18
12
6
Total
Value.
1
2
3
4
5
Value per
Share, j
N o. of
Shares.
D ate of
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
37
52
87
39
10
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$38,617
7,298
4,358
3,122
2,610
41
72
97
28
80
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$52,142 00
3,604 18
387 00
125 00
•
•
•
•
$56,133 18
Total....................................
$56,133 18
No. 8.]
SAYINGS BANK COMMISSIONERS
115
M E C H A N IC S ’ C O -O P E R A T IV E B A N K — T A U N T O N .
Incorporated Sept. 14, 1877.
Commenced business Sept. 17. 1877.
Capital to be accumulated, $1,000,000.
E
d w in
H . K n o w l e s , President.
W
m.
E d w a r d S. H e r s e y , Secretary.
M. L o v e r in g , Treasurer.
Names of security committee :
C y r u s Sa v a g e ,
Ja m e s P . W
il l ia m s ,
J. J. G r e e n , Jr.
Regular meetings the first Monday after the fifteenth of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$406,469 00
Loans on shares, .
28,229 00
Temporary expense account,
425 20
Real estate by foreclosure, .
2,481 31
Unpaid dues,
3,571 00
Unpaid interest, .
2,742 98
Unpaid premiums,
153 74
Unpaid fines,
1,222 71
Cash in hands of treasurer,
2,954 22
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Advance payments,
Matured shares,
$448,249 16
Number of shares issued during the year,
.
.
.
.
Number of shares now in force,
.
.
Number of shares now borrowed upon,....................................
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Number of shares retired during the year, .
Number of shares matured during the year, .
.
.
.
Amount of dues received during the year,
.
.
.
.
Highest per centum of interest received during the year: 6 ^ .
Lowest per centum of interest received during the year: 6-3~.
Number of members withdrawn during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$365,134
58,648
8,190
445
477
6
5
1,151
20
1,806
12,361
00
51
96
16
43
75
66
95
48
32
94
$448,249 16
2,056
9,856
2,848
. 25
1,401
. 151
. 73
.
. 173
$106,072 00
116
REPORT OF THE
[Pub. Doc.
Present number of members,......................................................
1,251
Present number of b o r r o w e r s ,.............................................
. 408
Present number of non-borrowers,.............................................
. 843
Number of loans secured by first mortgage of real estate, .
. 337
Number of loans on s h a r e s ,.....................................................
. 114
Largest loan to any one m e m b e r,.............................................
•
•
•
Smallest loan to any one member, .
.
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner: February 9.
$5,000
50
1,394
23,279
00
00
79
26
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1882,
1883,
1884,
1885,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
216
186
222
315
90
736
543
288
848
423
841
626
1 ,3 1 1
1 ,1 6 3
280
1 ,6 5 7
Ill
$182
160
139
119
100
82
74
66
58
51
43
36
29
22
16
10
4
99
33
06
13
48
96
59
46
61
01
64
52
61
91
41
11
00
Total
Value.
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
1Value per
j Share.
No. of
Shares.
D ate of
Issue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$ 2 0 ,3 1 1
3 4 ,6 3 1
2 5 ,8 6 5
2 6 ,4 4 6
3 1 ,6 5 1
7 ,4 6 6
5 4 ,8 9 8
3 6 ,0 8 7
1 6 ,8 7 9
4 3 ,2 5 6
1 8 ,4 5 9
3 0 ,7 1 3
1 8 ,5 3 5
3 0 ,0 3 5
1 9 ,0 8 4
2 ,8 3 0
6 ,6 2 8
89
28
16
86
20
40
24
78
68
48
72
32
86
01
83
80
00
Total............................................................ $ 4 2 3 ,7 8 2 51
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Total....................................
$ 3 6 5 ,1 3 4 00
5 8 ,6 4 8 51
$ 4 2 3 ,7 8 2 51
No. 8.]
117
SAYINGS BANK COMMISSIONERS
M EDFORD
C O -O P E R A T IV E B A N K — M ED FOR D.
Incorporated June 21, 1886.
Commenced business July 7, 1886.
Capital to be accumulated, $1,000,000.
J a m e s S. S t u r t e v a n t , Secretary.
D a n a I. M c I n t i r e , President.
J a m e s S. S t u r t e v a n t , Treasurer.
Names of security committee:
C h a r l e s P . L a u r ia t ,
J o se p h E . O b e r ,
E li A yers,
J oh n A . S u l l iv a n ,
J o sia h R. T e e l .
Regular meetings the first Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$149,500 00
Loans on real estate, .
11,300 00
Loans on shares, .
120 00
Permanent expense account,
345 00
Unpaid interest, .
40 75
Unpaid premiums,
45 62
Unpaid fines,
6,661 14
Cash in hands of treasurer,
$168,012 51
Dues capital, .
.
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
$145,511
21,975
152
360
12
00
66
34
55
96
$168,012 51
Number of shares issued during the y e a r , .................................... 1,040
Number of shares now in f o r c e , ...................................................... 4,192
Number of shares now borrowed u p o n , .................................... 1,127
Largest number of shares held by any one member.................................25
Number of shares withdrawn during the y e a r , .................................... 649
Number of shares forfeited during the y e a r , .................................... 5
Number of shares retired during the y e a r , .............................................30
Amount of dues received during the y e a r , ...................................................... $49,602 00
Highest premium received during the y e a r ,......................................................
30
Lowest premium received during the year...........................................................
05
Number of members withdrawn during the year...................................... 82
Present number of members,........................................................................ 497
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
118
REPORT OF THE
[Pub. Doc.
Present number of b o r r o w e r s , ......................................................
Present number of n o n -b o r r o w e r s ,.............................................
Number of loans secured by first mortgage of real estate, .
Number of loans on s h a r e s ,...............................................................
Largest loan to any one m em ber,......................................................
Smallest loan to any one member,......................................................
Amount of expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year, .
Date of examination by commissioner : October 24.
. 106
. 391
. 97
. 42
,
#
1892, .
$5,000
50
862
9,852
00
00
98
72
July,
N ov.,
M ay,
N ov,,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
.
.
.
282
255
217
189
136
168
325
300
473
372
508
441
526
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$93
87
79
70
62
54
47
39
32
25
18
12
6
92
98
35
97
82
93
28
86
67
71
97
43
11
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
Value per
Share.
N o. of
Shares.
D ate of
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$26,485
22,434
17,218
13,413
8,543
9,228
15,366
11,958
15,452
9,564
9,636
5,481
3,213
44
90
95
33
52
24
00
00
91
12
76
63
86
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$145,511 00
21,975 66
643 00
132 00
$168,129 66
Total,
.
.
.
.
$168,129 66
No. 8.]
119
SAYINGS BANK COMMISSIONERS.
M ELRO SE C O -O P E R A TIV E B A N K — M ELROSE.
Incorporated April 4, 1890.
Commenced business April 20, 1890.
Capital to be accumulated, $1,000,000.
F r e d M. L i b b y , Secretary.
C. W . H ig g i n s , P r e s i d e n t .
C. W . C o o k , Treasurer.
Names of security committee:
C. W . C o o k ,
S. E. B e n so n ,
C. E. T o d d .
Regular meetings the first Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,.
$16,650
70
142
72
8
18
24
00
00
63
50
90
83
41
Dues capital, .
.
.
.
Profits capital (all series),
Interest.......................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus.......................................
Guaranty fund,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
55
85
40
69
54
39
85
$16,987 27
$16,987 27
Number of shares issued during the year, .
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,....................................
Present number of borrowers,
.
.
.
.
Present number of non-borrowers,
$15,761
992
94
12
5
102
15
2
. 525
1,041
. 92
. 25
. 277
.
$11,105 00
20
05
. 41
. 137
. 13
. 124
120
REPORT OF THE
[Pub. Doc,
Number of loans secured by first mortgage of real estate, .
.
.1 2
Number of loans on shares............................................................................. ........
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member,........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : April 26.
$2,500
70
108
927
00
00
87
82
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
1890,
1890,
1890,
1891,
1891,
1891,
1891,
1892,
1892,
1892,
1892,
.
.
.
.
1
2
3
4
5
6
7
8
9
10
11
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
161
32
108
67
47
85
53
174
131
77
106
$33
30
26
23
20
16
13
10
7
4
1
73
22
78
40
02
71
46
26
12
03
00
Total
Value.
1Value per
I Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$5,430
967
2,892
1,567
940
1,420
713
1,785
932
310
106
53
04
24
80
94
35
38
24
72
31
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$15,761 00
992 55
373 00
.
60 00
$17,126 55
Total....................................
$17,126 55
No. 8.]
121
SAYINGS BANK COMMISSIONERS
M E R C H A N T S ’ C O -O P E R A T IV E B A N K — BOSTON.
Incorporated Dec. 21, 1881.
Commenced business February, 1882.
Capital to be accumulated, $1,000,000.
A. J. M e e c e r , President.
A. E. D u f f i l l , Secretary.
A. E. D u f f i l l , Treasurer.
Names of security committee :
G e o . T. B osson ,
A . J. M e r c e r ,
E. C. S c a t e s ,
A . S. P a r s o n s ,
C. E. F o lso m .
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$558,217 00
23,960 00
Loans on shares, .
1,068 01
Temporary expense account,
4,880 80
Real estate by foreclosure, .
402 99
Unsettled claims,
1,286 60
Profit and loss, .
38,111 77
Cash in hands of treasurer,
Dues capita], .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Suspense account, .
$627,927 17
Number of shares issued during the year, .
.
.
.
Number of shares now in f o r c e , .............................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year, .
.
.
.
Amount of dues received during the year, .
.
.
.
Highest per centum of interest received during the year: 6x9q.
Lowest per centum of interest received during the year: 6^A..
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$527,607
80,584
12,892
1,184
377
5
1,634
2,343
177
1,040
79
00
83
87
98
10
25
54
26
79
12
43
$627,927 17
5,262
16,190
3,801
. 25
2,922
. 41
. 325
.
$190,569 00
122
REPORT OF THE
[Pub. Doc.
Number of members withdrawn during the year,
.
.
.
.
335
Present number of members,.........................................................................1,797
Present number of borrowers,.......................................................................... 360
Present number of non-borrowers, .
.
.
.
.
. .
1,437
Number of loans secured by first mortgage of real estate, .
.
. 278
Number of loans on s h a r e s ,............................................................................. 82
Largest loan to any one member............................................................................ $5,000 00
Smallest loan to any one member,.......................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
3,011 41
Amount of profits credited to shares during the y e a r ,....................................
35,333 39
Date of examination by commissioner : March 24.
Feb.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,
D ec.,
June,
D ec.,
June,
Dec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
Dec.,
June,
1882,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
1
.
3
.
4
5
6
2
.
7
8
9
10
.
.
.
11
12
13
14
15
16
17
18
19
20
21
22
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
82
90
78
95
102
117
107
119
182
274
331
458
626
812
1,120
1,013
1,151
1,232
1,663
1,956
2,224
2,358
$186
178
166
155
144
133
123
113
103
94
85
76
68
60
52
45
37
30
24
17
11
5
77
70
88
45
42
76
46
48
86
55
58
91
52
43
63
10
83
80
01
45
12
00
Total
Value.
Value per
Share.
D ate
I ssu e .
op
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$15,315
16,083
13,016
14,767
14,730
15,649
13,210
13,504
18,902
25,906
28,326
35,224
42,893
49,069
58,945
45,686
43,542
37,945
39,928
34,132
24,730
11,790
14
00
64
75
84
92
22
12
52
70
98
78
52
16
60
30
33
60
63
20
88
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$527,607 00
80,584 83
5,680 00
569 00
$613,$71 83
Total.....................................
$613,871 83
No. 8.]
SAYINGS BANK COMMISSIONERS.
123
M E R R IM A C K C O -O P E R A T IV E B A N K — L A W R E N C E .
Incorporated April 2, 1892.
Commenced business April 28, 1892.
Capital to be accumulated, $1,000,000.
J oh n B r e e n , President.
C. J. C o r c o r a n , Secretary.
C. A . M c C a r t h y , Treasurer.
Names of security committee:
D.
J. O’ M a h o n e y ,
E.
J o h n T o b in ,
A . M c Ca r t h y .
Regular meetings the first Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Cash in hands of secretary,
Cash in hands of treasurer,
L ia b il it ie s .
$1,800 00
29 20
1,201 68
$3,030 88
Dues capital, .
.
.
.
Interest,
.
.
.
.
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
$2,978
43
2
6
$3,030 88
Number of shares issued during the year................................................... 511
Number of shares now in f o r c e , .............................................................. 506
Number of shares now borrowed upon........................................................ 16
Largest number of shares held by any one member................................. 25
Number of shares withdrawn during the y e a r , ....................................5
Amount of dues received during the y e a r , ..................................................... $2,993 00
Highest premium received during the y e a r ......................................................
Lowest premium received during the year..........................................................
Number of members withdrawn during the year,................................... 1
Present number of m em bers,............................................................................66
Present number of borrowers,..............................................................................2
Present number of non-borrowers,................................................................... 64
Number of loans secured by first mortgage of real estate, . . .
3
Largest loan to any one m e m b e r ,.......................................................................
1,400
Smallest loan to any one m e m b e r , ..............................................................
700
Date of examination by commissioner: December 15.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
50
25
88
25
05
05
00
00
[Pub. Doc
REPORT OF THE
124
1
506
$6 00
Total
Value.
Value pei
Share.
May, 1892,
N o. of
Shares.
D ate op
I ssue .
Series.
Reconciliation of Share Account ivith Dues and Profits Capital.
$3,036 00 Dues capital, as per general
ledger.....................................
Unpaid dues,
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$2,978 00
183 00
125 00
$3,161 00
Total,
.
.
.
.
$3,161 00
No. 8.]
SAYINGS BANK COMMISSIONERS.
125
MIDDLEBOROTJG-H C O -O P E R A T IV E B A N K — M ID D LE BOROUGH.
Incorporated May 1, 1889.
Commenced business May 21, 1889.
Capital to be accumulated, $1,000,000.
S a m u e l S. B o u r n e , President.
J o s e p h E. B e a l s , Secretary.
J o s e p h E. B e a l s , Treasurer.
Names of security committee:
W .
H. S o u t h w o r t h ,
W
m.
B. W
o od ,
I c h a b o d F. A t w o o d .
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer, .
$55,330
2,450
170
68
3
17
3,445
00
00
00
25
73
12
17
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,
.
.
.
.
Premiums,
.
^
Surplus,....................................
Guaranty fund,
$61,484 27
Number of shares issued during the year, .
Number of shares now in f o r c e , ....................................
Number of shares now borrowed upon,
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members.............................................
Present number of b o r r o w e r s ,....................................
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$56,258 00
4,948 26
8 00
40
207 61
62 00
$61,484 27
538
2,059
365
25
227
»
.
48
451
51
400
60
13
$23,854 00
10
05
126
REPORT OF THE
[Pub. Doc
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member,........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner: September 1.
$3,600
50
326
2,864
00
00
15
67
May,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
1889,
1889,
1890,
1890,
1991,
1891,
1892,
.
.
.
1
2
3
4
5
6
7
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
723
174
179
249
229
195
310
$46
39
32
25
18
12
6
59
33
28
44
81
36
09
Total
Value.
Value per
Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$33,684
6,843
5,778
6,334
4,307
2,410
1,887
57
42
12
56
49
20
90
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
4,948 26
373 00
333 00
$61,579 26
Total,
.
.
.
.
$61,579 26
No. 8.]
127
SAVINGS BANK COMMISSIONERS.
M ILFO R D C O -O P E R A TIV E B A N K — M IL FO R D .
Incorporated March 31, 1887-
Commenced business April 1, 1887.
Capital to be accumulated, $1,000,000.
R. C . E l d r i d g e , President.
W . S. V . C o o k e , Secretary.
W . S. V . C o o k e , Treasurer.
Names of security committee:
P. P. F i e l d ,
L. E . H e a t h ,
W . B. H a l e ,
C. R . S cott .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
$138,215 00
Loans on real estate, .
7,165 00
Loans on shares, .
100 00
Permanent expense account,
Temporary expense account,
17 80
924 56
Unpaid interest, .
86 22
Unpaid fines,
3,948 37
Cash in hands of treasurer,.
Dues capital, .
.
.
.
Profits capital (all series),
Interest......................................
Fines...........................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Withdrawal profits,
$150,456 95
Number of shares issued during the year,
Number of shares now in f o r c e , ....................................
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year,
Highest per centum of interest received during the year: 7
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
Present number of members...............................................
Present number of b o r r o w e r s , ....................................
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$130,610
17,599
995
29
00
26
27
54
1 00
875 39
300 00
46 49
$150,456 95
893
3,728
. 986
. 25
. 603
.
65
598
142
456
142
38
$41,666 00
128
REPORT OF THE
[Pub. Doc,
Largest loan to any one member............................................................................ $5,000 00
Smallest loan to any one member,........................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
464 27
Amount of profits credited to shares during the y e a r ,....................................
7,730 61
Date of examination by commissioner : June 24.
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
.
.
.
.
.
689
264
250
169
266
279
229
228
318
244
443
349
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$79
70
62
55
47
40
33
26
19
13
7
1
15
95
99
26
76
47
40
53
86
39
10
00
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
Value per
Share.
N o. of
Shares.
D ate op
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$54,534
18,730
15,747
9,338
12,704
11,291
7,648
6,048
6,315
3,267
3,145
349
35
80
50
94
16
13
60
84
48
16
30
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$130,610 00
17,599 26
1,122 00
210 00
$149,331 26
Total,
.
.
.
.
$149,331 26
No. 8.]
129
SAVINGS BANK COMMISSIONERS.
N E E D H A M C O -O P E R A TIV E B A N K — N E E D H A M .
Incorporated April 21, 1892.
Commenced business May 9, 1892.
Capital to be accumulated, $1,000,000.
W . G. M osely , Secretary.
A lbe rt E. M il l e r , President.
W . G. M osely , Treasurer.
Names of security committee:
J ohn M osely ,
H ow ard A. Crossman ,
W il l ia m Ca r t e r ,
C. A therton H ic k s ,
E . G. P ond .
Regular meetings the first Monday after the first Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Permanent expense account,
Cash in hands of treasurer,.
$1,600 00
150 00
610 84
$2,360 84
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
$2,325
30
1
3
$2,360 84
Number of shares issued during the year................................................... 391
Number of shares now in f o r c e , ...............................................................387
Number of shares now borrowed upon,............................................................ 8
Largest number of shares held by any one member, .
.
.
.
15
Number of shares withdrawn during the y e a r , ....................................4
Amount of dues received during the y e a r , ......................................................$2,337 00
Highest premium received during the y e a r ,......................................................
Lowest premium received during the year..........................................................
Number of members withdrawn during the year,.................................... 1
Present number of members,.............................................................................79
Present number of b o r r o w e r s ,...................................................................... 1
Present number of n o n -b o r r o w e r s ,...........................................................78
Number of loans secured by first mortgage of real estate,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
96
28
60
05
Oo
130
EEPOET OF THE
[Pub. Doc.
Largest loan to any one m e m b e r ,.......................................................................f 1,000 00
g00 00
Smallest loan to any one m em ber,......................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
158 80
Amount of profits credited to shares during the year.......................................
30 96
Date of examination by commissioner : December 28.
No. of
Shares.
Value per
Share. 1
Total
Value.
D ate oe
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
1
387
$6 08
$2,352 96
May, 1892,
Dues paid in advance,
.
.
.
.
Total............................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
28 00
$2,380 96
Dues capital, as per general
ledger,
.
.
.
.
Profits capita], as per gen
eral ledger,
.
Unpaid dues,
Total....................................
$2,325 00
30 96
25 00
$2,380 96
No. 8.]
SAYINGS BANK COMMISSIONERS
131
N E W BEDFORD CO -O P E R A TIV E B A N K — N E W BEDFORD.
Incorporated July 11, 1881.
Commenced business Aug. 19,1881.
Capital to be accumulated, $1,000,000.
G eo . R. Stetson , President.
C h arles R. P ric e , Secretary.
G ideon B. W r ig h t , Treasurer.
Names of security committee:
S amuel S. P a in e ,
Jasper W . B r a l e t ,
B enjamin F. B ro w n e ll .
Regular meetings the third Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$263,747 09
Loans on real estate, .
21,760 00
Loans on shares, .
80 00
Permanent expense account,
2 00
Suspense account,
1,295 00
Unpaid dues,
.
416 38
Unpaid interest, .
67 62
Unpaid fines,
1,544 14
Personal accounts,
17,541
61
Cash in hands of treasurer,
$306,453 84
Dues capital, .
.
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
Personal accounts,.
$245,930
54,034
893
2,169
118
3,317
00
50
91
85
26
32
$306,453 84
Number of shares issued during the year....................................................1,108
Number of shares now in f o r c e , ............................................................... 5,194
Number of shares now borrowed u p o n , ............................................. 2,071
Largest number of shares held by-any one member, .
.
.
.
25
Number of shares withdrawn during the year.............................................. 873
Number of shares retired during the y e a r , ............................................. 30
Amount of dues received during the year, ...................................................... $63,308 00
Highest premium received during the y e a r ,......................................................
16
Lowest premium received during the y e a r , ......................................................
Number of members withdrawn during the year,
.
.
.
.115
Present number of members,........................................................................... 709
Present number of borrowers............................................................................252
Present number of n o n -b o r r o w e r s ,..........................................................457
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc
REPORT OF THE
132
Number of loans secured by first mortgage of real estate, .
.
• 179
Number of loans on s h a r e s ,........................................................................73
Largest loan to any one m em ber,........................................................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the ................................................
Date of examination by commissioner: July 14.
$5,000 00
10 00
1,663 07
16,166 75
1
Feb.,’ 1883,
.
N ov., 1885,
M ay, 1886,
111
3
4
5
6
Feb., 1884,
A u g., 1884,
Feb., 1885,
7
8
.
9
10
11
12
May," 1889,
N ov., 1889,
May,' 1890,
13
14
15
16
17
18
19
M ay, 1891,
N ov., 1891,
M ay, 1892,
22
23
May,' 1887,
May,' 1888,
20
21
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$196
184
173
161
150
140
129
119
114
105
96
87
78
70
62
54
46
39
32
25
18
12
72
88
2
Feb., 1882,
..
64
52
65
86
115
59
103
230
185
247
194
409
299
361
273
426
309
426
473
547
87
75
03
70
69
04
77
83
97
47
32
42
79
44
35
51
93
58
45
55
87
39
6 10
.
•
Total
Value.
N o . of
Shares.
Series.
D ate op
I ssue .
Value per
Share.
Reconciliation of Share Account with Dues and Profits Capital.
•
64
00
33
80
88
60
22
45
23
41
60
70
13
36
15
49
73
34
70
95
62
47
70
Dues eapitnl, as per general
ledger,
.
Profits capital, as per gen
eral ledger,
$245,930 00
54,034 50
497 00
.
•
$14,174
16,258
19,206
10,348
7,835
9,102
11,160
13,780
6,783
10,863
22,153
16,172
19,461
13,665
25,501
16,298
16,941
10,805
13,823
7,894
8,038
5,860
3,336
•
$299,964 50
Total,
.
•
•
$299,964 50
No. 8.]
133
SAYINGS BANK COMMISSIONERS
N E W B U E Y P O E T CO -O P E R A TIV E B A N K -N E W B U E Y PO ET.
Incorporated March 15,1888.
Commenced business April 9, 1888.
Capital to be accumulated, $1,000,000.
G eo . E. S tic k n e y , Secretary.
L u th er D a m e , President.
G eo . E. S t ic k n e y , Treasurer.
Names of security committee:
C h a s . H . G o o dw in ,
W . H. N oyes ,
L eonard N. K ent .
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer, .
$90,350
2,445
275
117
8,084
00
00
00
58
50
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,
.
.
.
.
Premiums,
.
.
.
.
Fines...........................................
Surplus,....................................
Guaranty fund,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
97
88
15
37
40
00
31
$101,272 08
$101,272 08
Number of shares issued during the year,
.
Number of shares now in force, .
.
. . .
Number of shares now borrowed upon,.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
.
Lowest premium received during the year, .
.
Number of members withdrawn during the year,.
Present number of members......................................
Present number of borrowers....................................
Present number of non-borrowers,
$90,669
9,033
479
48
6
670
313
51
. 650
3,454
. 565
. 25
. 320
.
.
.
.
86
. 593
.
97
. 496
$37,940 00
05
05
134
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, .
..
. 100
Number of loans on s h a r e s ,........................................................................17
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member..........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : October 1.
$2,600
250
735
4,658
00
00
54
65
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
511
193
245
220
430
220
406
440
376
253
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$62
55
47
40
33
26
19
13
7
1
.
•
.
•
81
19
75
49
41
54
85
37
09
00
Total
Value.
1
2
3
4
5
6
7
8
9
10
Value per
Share.
No. of
Shares.
D a te op
I ssu e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$32,095
10,651
11,698
8,907
14,366
5,838
8,059
5,882
2,665
253
91
67
75
80
30
80
10
80
84
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$90,669 00
9,033 97
815 00
98 00
$100,517 97
Total..................................... $100,517 97
No. 8.]
SAYINGS BANK COMMISSIONERS
135
N E W T O N C O -O P E R A TIV E B A N K — N E W T O N .
Incorporated June 14, 1888.
Commenced business Sept. 4, 1888.
Capital to be accumulated, $1,000,000.
F. A. D e w s o n , President.
J. C h e e v e r F u l l e r , Secretary.
J. C h e e v e r F u l l e r , Treasurer.
Names of security committee:
J. W . F r e n c h ,
T. B. F i t z ,
J. F. H e c k m a n ,
F . M. C r e h o r e ,
W . T. P h i p p s .
Regular meetings the first Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$169,900 00
Loans on shares, .
4,400 00
Unpaid interest, .
196 50
Unpaid premiums,
30 80
Unpaid fines,
. . .
43 24
Cash in hands of secretary,.
342 55
Cash in hands of treasurer,.
2,498 71
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Security committee,
$177,411 80
Number of shares issued during the year,
N umber of shares now in force,
.
.
.
.
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$160,502
13,051
1,695
204
31
00
00
00
45
51
1,401
379
28
109
8
93
7S
42
46
00
$177,411 80
2,343
6,878
1,074
. 25
1,265
.
,
.
$74,487 00
25
05
REPORT OF THE
136
[Pub. Doc
. 122
Number of members withdrawn during the year,.
.
.
.
. 820
Present number of mem bers,..............................................................
. 121
Present number of b o r r o w e r s , ......................................................
. 699
Present number of n o n -b o r r o w e r s ,.............................................
. 98
Number of loans secured by first mortgage of real estate, .
. 23
Number of loans on s h a r e s ,...............................................................
.
Largest loan to any one member,......................................................
.
Smallest loan to any one m e m b e r , .............................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
.
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner : February 1.
$5,000
50
1,023
7,885
00
00
73
98
Sept.,
M ar.,
Sept ,
Mar.,
Sept.,
Mar.,
S e p t,
Mar.,
Sept.,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
930
662
233
669
606
915
884
1,228
851
.
.
.
.
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$56
48
41
34
27
20
14
8
2
.
•
•
Total
Value.
1
2
3
4
5
6
7
8
9
.
Value per
Share.
No. of
Shares.
D a te oe
I sstje.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
14
65
38
32
47
82
36
09
00
$52,210
32,206
9,641
22,960
13,899
19,050
12,694
9,934
1,702
20
30
54
08
82
30
24
52
00
.
675 00
•
• $174,974 00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
Total....................................
$160,502 00
13,051 00
1,421 00
$174,974 00
No. 8.]
SAYINGS BANK COMMISSIONERS
N O R TH
A B IN G T O N
C O -O P E R A TIV E
A B IN G T O N .
Incorporated March 23, 1888.
137
B A N K — N O RTH
Commenced business April 4, 1888.
Capital to be accumulated, $1,000,000.
M oses N. A r n o l d , President.
E r n e s t W . C a l k i n s , Secretary.
E d w . P. R e e d , Treasurer.
Names of security committee:
E d w . P. R e e d ,
Jo s e p h L . G r e e n w o o d ,
E l ip h a l e t R . B a t e s .
Regular meetings the first Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of secretary,
Cash in hands of treasurer,
L ia b il it ie s .
$31,950
800
220
5
51
2
9
22
7,029
00
00
00
00
50
70
82
05
57
Dues capital..............................
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
Fines...........................................
Surplus, .
.
.
.
Guaranty fund,
.
. - .
Forfeited share account,
Withdrawal profits,
$40,090 64
Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,.
Present number of members.......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$35,580
4,122
184
9
6
114
68
5
00
50
33
00
12
61
00
64
44
$40,090 64
. 191
1,034
.
200
. 25
. 141
$11,671 00
05
05
18
220
REPORT OF THE
138
Present number of b o r r o w e r s ,....................................
Present number of non-borrowers,....................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.............................................
Largest loan to any one m em ber,....................................
Smallest loan to any one member,
.
.
.
.
Amount of profits credited to shares during the year,
Date of examination by commissioner: March 22.
[Pub. Doc
34
186
40
3
•
2, .
.
$2,000
200
80
1,958
00
00
50
36
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
.
.
.
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
2
3
4
5
6
7
8
9
10
354
64
80
44
87
62
152
25
82
84
$62
55
47
40
33
26
19
13
7
1
83
13
69
39
32
47
82
36
09
00
Total
Value.
Value per
Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$22,241
3,528
3,815
1,777
2,898
1,641
3,012
334
581
84
82
32
20
16
84
14
64
00
38
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$39,914 50
Total....................................
$35,580 00
4,122 50
212 00
$39,914 50
No. 8.]
SAYINGS BANK COMMISSIONERS.
139
N O R T H A M P T O N C O -O P E R A TIV E B A N K — N O R TH
AM P TO N .
Incorporated May 21,1889.
Commenced business May 24, 1889.
Capital to be accumulated, $1,000,000.
E . C. D a v i s , President.
H . R . G r a v e s , Secretary.
M. L. G r a v e s , Treasurer.
Names of security committee:
C. S. C r o u c h ,
M. L. G r a v e s ,
S. R. C o o l e v .
Regular meetings the first Monday of each month.
B alance S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid dues,
Unpaid interest, .
Unpaid premiums,
Unpaid tines,
Cash in hands of treasurer,.
L ia b il it ie s .
$43,700
750
172
538
94
13
25
2,002
00
00
00
00
00
60
60
58
$47,295 78
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
Forfeited share account,
$43,553
3,639
38
40
24
00
26
47
95
10
$47,295 78
Number of shares issued during the y e a r , ............................................. 756
Number of shares now in f o r c e , ...................................................... 1,795
Number of shares now borrowed u p o n , .............................................287
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 344
Amount of dues received during the y e a r , ...................................................... $21,527 00
Highest premium received during the year..........................................................
70
Lowest premium received during the y e a r , ......................................................
05
Number of members withdrawn during the year,
.
.
.
.6 5
Present number of members,.......................................................................390
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
140
REPORT OF THE
[Pub. Doc,
Present number of b o r r o w e r s , ................................................................... 45
Present number of non-borrowers,..................................................................345
Number of loans secured by first mortgage of real estate, . . .
41
Number of loans on s h a r e s ,............................................................................... 4
Largest loan to any one member............................................................................$3,500 00
Smallest loan to any one member,........................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
423 62
Amount of profits credited to shares during the year........................................2,361 85
Date of examination by commissioner : August 8.
June,
D ec.,
June,
D ec.,
June,
N ov.,
M ay,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1
2
3
589
111
108
116
187
395
289
4
5
6
7
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$45
38
31
24
17
12
6
.
•
•
Total
Value.
Value per
Share.
N o. of
Shares.
D ate oe
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
29
22
24
42
80
40
11
$26,675
4,242
3,373
2,832
3,328
4,898
1,765
81
42
92
72
60
00
79
.
75 00
•
$47,192 26
•
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Total....................................
$43,553 00
3,639 26
$47,192 26
No. 8.]
SAVINGS BANK COMMISSIONERS.
N O R TH D IG H T O N
C O -O P E R A T IV E
141
B A N K — NO RTH
D IG H TO N .
Incorporated April 14, 1890.
Commenced business April 21, 1890.
Capital to be accumulated, $500,000.
N a t h a n ie l R . L in c o l n , Secretary.
J o se p h P h i l b r i c k , President.
E d w a r d L in c o l n , Treasurer.
Names of security committee:
D. M. W
E dw ard A lm y,
h it e ,
J a m e s M. L in c o l n .
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid fines,
Town of Dighton note,
Pass book account,
Cash in hands of treasurer,
$16,550
400
46
31
2
900
32
287
00
00
94
00
24
00
10
40
$18,249 68
Dues capital..............................
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Advance payments,
$17,096
581
512
27
15
00
06
40
30
12
36
14 44
3 00
$18,249 68
Number of shares issued during the y e a r , .............................................292
Number of shares now in f o r c e , ...............................................................833
Number of .shares now borrowed upon,......................................................112
Largest number of shares held by any one member, .
.
.
.2 5
Number of shares withdrawn during the y e a r , .................................... 180
Amount of dues received during the y e a r , ...................................................... $9,264 00
Highest premium received during the y e a r ,......................................................
Lowest premium received during the y e a r , ......................................................
Number of members withdrawn during the year,....................................30
Present number of members,........................................................................137
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
05
05
REPORT OF THE
142
)J[Pub. Doc.
Present number of borrowers,
.
.
.
.
.
.
.
.
22
Present number of n o n -b o r r o w e r s ,.................................... .........
115
Number of loans secured by first mortgage of real estate, . . .
19
Number of loans on s h a r e s ,........................................................................ 4
Largest loan to any one member............................................................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year.......................................
Date of examination by commissioner: November 11.
$1,800
50
114
591
00
00
00
89
401
166
266
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Total
Value.
1
2
3
April, 1890,
April, 1891,
April, 1892,
Value per
Share.
N o. of
Shares.
D ate of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$32 30
19 36
7 00
$12,952 30
3,213 76
1,862 00
•
•
$18,028 06
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per gen
eral ledger,
Unpaid dues,
Total....................................
$17,096 00
581 06
351 00
$18,028 06
No. 8.]
SAYINGS BANK COMMISSIONERS.
143
N O R T H E A S T O N C O -O P E R A TIV E B A N K — EA STO N .
Incorporated April 23, 1889.
Commenced business April 23, 1889.
Capital to be accumulated, $1,000,000.
L. B. C k o c k e t t , President.
W
m.
W
m.
H. C l e m e n t s , Secretary.
H. C l e m e n t s , Treasurer.
Names of security committee :
H ir a m W
il l ia m s ,
E. R . Hayw ard,
F. M id d l e t o n .
Regular meetings the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares,.
Unpaid interest, .
Unpaid premiums,
Unpaid tines,
Cash in hands of treasurer,
L ia b il it ie s .
$36,700
1,765
181
62
14
3,779
00
00
50
00
43
03
Dues capital, .
.
.
.
Profits capital (all series), .
Interest, .
.
.
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$42,501 96
Number of shares issued during the year, .
,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,.
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members.......................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$38,039
3,558
208
62
11
380
199
15
26
00
60
51
70
33
25
53
00
34
70
$42,501 96
. 703
1,846
. 270
. 25
. 225
2
.
. 35
. 305
$18,511 00
40
05
144
REPORT OF THE
[Pub. Doc.
Present number of b o r r o w e r s , ....................................................................61
Present number of non-borrowers,.................................................................. 244
Number of loans secured by first mortgage of real estate, . . .
54
Number of loans on s h a r e s ,............................................................................. 13
Largest loan to any one m em ber,........................................................................$2,700 00
Smallest loan to any one m e m b e r , ...............................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
139 84
Amount of profits credited to shares during the y e a r ,.................................... 2,221 87
Date of examination by commissioner: April 29.
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
410
129
114
73
271
225
299
325
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$48
40
33
26
19
13
7
1
.
•
Total
Value.
1
2
3
4
5
6
7
8
.
.
.
.
.
.
.
Value per
Share.
N o. of
Shares.
D a te oe
I ssu e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
40
96
75
75
97
43
11
00
•
00
84
50
75
87
75
89
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
.
.
Unpaid dues,
.
$38,039 00
3,558 60
325 00
110 00
.
•
$19,844
5,283
3,847
1,952
5,411
3,021
2,125
325
•
$41,922 60
Total,
.
*
.
.
$41,922 60
No. 8.]
SAYINGS BANK COMMISSIONERS.
145
NO RW O O D C O -O P E R A TIV E B A N K — N O R W O O D .
Incorporated Sept. 20, 1889.
Commenced business Oct. 1, 1889.
Capital to be accumulated, $1,000,000.
F r a n c is O . W
in s l o w ,
President.
I r v in g S. F o g g , Secretary.
I r v in g S. F o g g , Treasurer.
Names of security committee :
Tyler T hayer,
G eorge W . G a y ,
E . J. S h a t t u c k .
Regular meetings the first Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid fines,
Cash in hands of treasurer,.
L ia b il it ie s .
$26,650
400
80
8
388
00
00
00
77
80
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
Surplus,....................................
Guaranty fund,
Withdrawal profits,
$27,527 57
Number of shares issued during the year, .
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,.
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year, .
Present number of m em bers,...................................
Present number of borrowers,
.
.
.
.
Present number of non-borrowers.............................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,672
1,766
26
1
18
22
19
00
71
60
30
77
89
30
$27,527 57
. 467
1,338
. 155
. 25
. 135
3
$13,255 00
05
05
13
221
23
198
146
REPOET OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
26
Number of loans on s h a r e s ,........................................................................4
Largest loan to any one m em ber,........................................................................ $5,000 00
Smallest loan to any one member,........................................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
116 13
Amount of profits credited to shares during the year.......................................
1,189 20
Date of examination by commissioner : July 1.
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
1
2
3
4
5
6
7
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
348
134
64
132
253
169
238
$40
33
26
19
13
7
1
31
29
46
82
36
09
00
Total
Value.
Value per
Share.
D ate op
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$14,027
4,460
1,693
2,616
3,380
1,198
238
88
86
44
24
08
21
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$25,672 00
1,766 71
233 00
57 00
$27,671 71
Total....................................
$27,671 71
No. 8.]
SAYINGS BANK COMMISSIONERS.
147
O R AN G E C O -O P E R A TIV E B A N K — O R A N G E .
Incorporated Jan. 8, 1889.
Commenced business Jan. 23, 1889.
Capital to be accumulated, $1,000,000.
W m . L. G r o u t , President.
E l i s h a S. H a l l , Secretary.
E l i s h a S. H a l l , Treasurer.
Names of security committee:
A d e l b e r t W . Ba l l o u ,
W i l l a r d E. J o h n s o n ,
P erley W . N ew ell.
Regular meetings the fourth Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
$46,730
2,260
116
13
1,653
00
00
26
03
77
$50,773 06
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums..................................
Fines,
.
. . .
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Undivided profits, .
$45,842
3,754
930
31
24
60
84
44
$50,773 06
Number of shares issued during the y e a r , ............................................ 647
Number of shares now in f o r c e , ......................................................1,769
Number of shares now borrowed u p o n , .............................................352
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , ....................................459
Amount of dues received during the y e a r , ..................................................... $20,421 00
Highest per centum of interest received during the year: 9 ^ .
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the y e a r,....................................62
Present number of members,............................................
249
Present number of b o r r o w e r s , .....................................................................70
Present number of non-borrowers,...................................................................179
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
89
68
90
08
11
10
80
50
148
REPOET OF THE
[Pub. Doc.
Number of loans secured by first mortgage of real estate, . . .
48
Number of loans on s h a r e s ,........................................................................22
Largest loan to any one m em ber,........................................................................ $3,000 00
Smallest loan to any one member,........................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
207 28
Amount of profits credited to shares during the y e a r ,....................................
2,360 88
Date of examination by commissioner : April 18.
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1
2
3
4
5
6
7
8
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
o ä
•A
oœ
530
134
106
104
170
183
297
245
$50
43
36
29
22
16
90
57
46
57
88
40
10 11
4 00
Total
Value.
«W *
Value per
Share.
D ate op
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$26,977
5,838
3,864
3,075
3,889
3,001
3,002
980
00
38
76
28
60
20
67
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$45,842 00
3,754 89
1,070 00
38 00
$50,666 89
Total,
.
.
.
.
$50,666 89
No. 8.]
149
SAVINGS BANK COMMISSIONERS.
P A LM E R
C O -O P E R A TIV E B A N K — PA LM E R .
Incorporated Nov. 24, 1891.
Commenced business Feb. 1, 1892.
Capital to be accumulated, $1,000,000.
W . E. M c D o n a l d , Secretary.
W m . W . L e a c h , President.
W . E. M cD o n a l d , Treasurer.
Names of security committee:
C. E. F i s h ,
R ufus F l y n t ,
C. L . A l e x a n d e r .
Regular meetings the second Tuesday of each month.
B alance Sheet , October 31, 1892.
A ssets.
Loans on shares, .
Temporary expense account,
Cash in hands of treasurer, .
L ia b il it ie s .
$100 00
30 89
235 34
$366 23
Dues capital, .
.
.
.
Interest,....................................
F i n e s , ....................................
Suspense,
.
.
.
.
$364 00
69
54
1 00
$366 23
Number of shares issued during the y e a r , .............................................58
Number of shares now in f o r c e , ...............................................................47
Number of shares now borrowed upon,......................................................1
Largest number of shares held by any one member, .
.
.
.
5
Number of shares withdrawn during the y e a r , .................................... 11
Amount of dues received during the y e a r , ...................................................... $422 00
Highest per centum of interest received during the year: 6.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
.
.
.
.
3
Present number of members,............................................................................. 34
Present number of b o r r o w e r s ,.......................................................................1
Present number of non-borrowers...................................................................... 33
Number of loans on s h a r e s ,.............................................................................. 1
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
150
REPORT OF THE
[Pub. Doc.
Largest loan to any one member, .
.............................................................. $100 00
Smallest loan to any one member,.......................................................................
100 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
30 89
Date of examination by commissioner: May 13.
Total,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
47
•
•
•
Total
Value.
1
Value per
Share.
Feb., 1892,
N o. of
Shares.
D ate o v
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$9 00
$423 00
$423 00
Dues capital, as per general
ledger,
.
.
.
.
Unpaid dues,
$364 00
59 00
Total....................................
$423 00
No. 8.]
151
SAYINGS BANK COMMISSIONERS
P E A B O D Y C O -O P E R A TIV E B A N K — P E A B O D Y .
Incorporated May 28, 1888.
Commenced business June 16, 1888.
Capital to be accumulated, $1,000,000.
G e o . F. S a n g e r , President.
H. F. W
alker,
Secretary.
H. F. W a l k e r , Treasurer.
Names of security committee :
N. M. Q u in t ,
W . B. R ic h a r d s o n ,
S. S. L i t t l e f i e l d .
Regular meetings the third Saturday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense account,
Cash in hands of treasurer, .
$76,650
1,600
144
16
37
3,381
00
00
00
80
50
70
Dues capital, .
.
.
.
Profits capital (all series), .
Interest.......................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Withdrawal profits,
Personal account, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
685
95
41
187
00
31
35
62
61
25
72
68
80
66
$81,830 00
$81,830 00
Number of shares issued during the year,
.
Number of shares now in force..................................
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
.
Amount of dues received during the year,
.
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year, .
Present number of members,
.
.
.
.
$72,717
6,198
1,719
161
22
, 509
2,277
474
25
363
.
$27,033 00
10
08
59
364
REPORT OF THE
[Pub. Doc.
00
50 00
309 21
3,564 09
o
Present number of b o r r o w e r s ,......................................................
. 75
Present number of n o n -b o r r o w e r s ,.............................................
. 289
Number of loans secured by first mortgage of real estate, .
. 90
Number of loans on s h a r e s ,...............................................................
.
13
Largest loan to any one m em b er,.................................... .........
,
.
Smallest loan to any one member........................................................
,
,
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner: November 4.
m
CO
o
o
152
1
2
3
4
5
6
7
.
.
8
9
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
649
143
201
126
227
185
283
188
275
$59
51
44
37
30
23
17
11
5
10
64
38
32
47
82
36
09
00
Total
Value.
$38,355
7,384
8,920
4,702
6,916
4,406
4,912
2,084
1,375
90
52
38
32
69
70
88
92
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
o
.
o
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
fcO
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
Dec.,
June,
Value per
Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
6,198 31
353 00
209 00
•
•
$79,268 31
Total,
.
.
.
.
$79,268 31
No. 8.]
153
SAYINGS BANK COMMISSIONERS.
PE O P LE’S C O -O P E R A T IV E B A N K — F A L L R IV E R .
Incorporated Feb. 18, 1882.
Commenced business March 15, 1882.
Capital to be accumulated, $1,000,000.
M il t o n R e e d , President.
S a m u e l H a d f i e l d , Secretary.
S a m u e l H a d f i e l d , Treasurer.
Names of security committee :
J o h n H . E st e s ,
C h a r le s E . M il l s ,
E . S. A d a m s ,
Sa m u e l H a d f i e l d ,
P a t r ic k R
ie r a n .
Regular meetings the third Wednesday of each month.
B alance Sheet , October 31,1892.
L ia b il it ie s .
A ssets.
$145,700 00
Loans on real estate, .
1,450 00
Loans on shares, .
430 40
Real estate by foreclosure, .
328 60
Unpaid interest, .
37 30
Unpaid premiums,
37 00
Unpaid fines,
3,414
63
Cash in hands of treasurer,
$151,397 93
Dues capital, .
.
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
$128,333
22,195
97
427
345
00
05
34
18
36
$151,397 93
Number o f shares issued during the year,
.
.
.
.
.
1,638
Number of shares now in f o r c e , ...................................................... 4,157
Number of shares now borrowed upon....................................................... 862
Largest number of shares held by any one member, .
.
.
.
25
Number o f shares withdrawn during the year........................................... 794
Number of shares forfeited during the year,............................................. 31
Amount of dues received during the y e a r , ...................................................... $47,294 00
Highest premium received during the y e a r , ......................................................
10
Lowest premium received during the y e a r ,......................................................
05
Number of members withdrawn during the year...................................... 105
Present number of members,........................................................................ 536
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
154
REPORT OF THE
.
. 101
. 435
. 109
. 15
O
o
o
o
Present number of b o r r o w e r s , .............................................
Present number of non-borrowers,............................................
Number of loans secured by first mortgage of real estate, .
Number of loans on shares,
.............................................
Largest loan to any one m em ber,.............................................
Smallest loan to any one m e m b e r , ....................................
Amount of expenses of the corporation for the year ending Oct.
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner : April 4.
[Pub. Doc
•
•
•
31, 1892, .
.
00
50 00
845 43
8,067 32
Mar.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
107
40
5
18
13
11
19
9
57
77
51
59
137
134
252
115
214
445
360
520
593
921
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$182
174
163
151
141
130
120
111
104
95
87
78
70
62
54
46
39
32
25
18
12
6
24
48
00
93
20
80
81
19
93
85
05
48
22
21
41
87
58
44
54
87
38
09
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
Value per
Share.
N o. of
Shares.
D ate o r
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$19,499
6,979
815
2,734
1,835
1,438
2,295
1,000
5,981
7,380
4,439
4,630
9,620
8,336
13,711
5,390
8,470
14,435
9,194
9,812
7,341
5,608
68
20
00
74
60
80
39
71
01
45
55
32
14
14
32
05
12
80
40
40
34
89
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$128,333 00
22,195 05
516 00
93 00
$151,044 05
Total....................................
$151,044 05
No. 8.]
155
SAYINGS BANK COMMISSIONERS
P IO N E E R C O -O P E R A T IV E B A N K — BOSTON.
Incorporated July 26, 1877.
Commenced business Aug. 6, 1877.
Capital to be accumulated, $1,000,000.
G a m a l ie l B rad fo rd , President.
D a n ie l E l d r e d g e , Secretary.
D a n ie l E l d r e d g e , Treasurer.
Names of security committee:
H ira m A m es ,
A l e x a n d e r H. Cl a p p ,
John K . F ellow s ,
W a lt er H. R oberts ,
G a m a l ie l B radford .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$327,050 00
Loans on real estate, .
16,700 00
Loans on shares, .
275 00
Temporary expense account,
5,177 32
Real estate by foreclosure, .
2,024 75
Unpaid interest, .
273 00
Unpaid premiums,
229 62
Unpaid fines,
1,400 00
Mortgages, .
.
.
.
54 56
Taxes paid..............................
13,944 53
Cash in hands of treasurer,
$296,261
61,712
2,017
203
111
Dues capital, .
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
4,048
2,200
258
314
$367,128 78
$367,128 78
Number o f shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,.
Number of shares retired during the year, .
Number of shares matured during the year,.
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
66
86
75
02
75
63
00
25
86
1,189
6,816
2,022
25
800
51
150
44
.
.
$77,976 00
35
05
156
REPORT OF THE
Number of members withdrawn during the year,
Present number of members.................................................................
Present number of b o r r o w e r s ,.............................................
Present number of non- borrowers, .
.
.
.
.
.
.
Number of loans secured by first mortgage of real estate, .
Number of loans on s h a r e s ,...............................................................
Largest loan to any one m em b er,......................................................
Smallest loan to any one m e m b e r , .............................................
[Pub. Doc
.
.
.
.
.
.
166
937
222
715
208
62
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
.
Date of examination by commissioner : February 23.
$5,000
50
2,247
21,296
00
00
93
52
Oct., 1881,
April, 1882,
Oct., 1882,
April, 1883,
Oct., 1883,
April, 1884,
Oct., 1884,
April, 1885,
Oct., 1885,
April, 1886,
Oct., 1886,
April, 1887,
Oct., 1887,
A p ril, 1888,
O ct., 1888,
A p ril, 1889,
Oct., 1889,
April, 1890,
Oct., 1890,
April, 1891,
Oct., 1891,
A p ril, 1892,
Oct., 1892,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
52
47
19
30
118
227
215
177
193
311
172
172
270
433
332
463
376
509
451
653
553
605
438
Dues paid in advance,
Total, .
•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$193 83
181 68
169 88
158 53
147 58
136 89
126 6]
116 70
107 10
97 82
88 83
80 15
71 75
63 60
55 72
48 09
40 70
33 54
26 61
19 89
13 39
7 10
1 00
$10,079
8,538
3,227
4,755
17,414
31,074
27,221
20,655
20,670
30,422
15,278
13,785
19,372
27,538
18,499
22,265
15,303
17,071
12,001
12,988
7,404
4,295
438
16
96
72
90
44
03
15
90
30
02
76
80
50
80
04
67
20
86
11
17
67
50
00
Dues capital, as per general
ledger.....................................
Profits capital, as per gen
eral ledger,
Unpaid dues,
$296,261 00
61,712 66
2,736 00
407 00
•
•
Total
Value.
7
8
9
10
11
12
13
14
15
16
17
18 '
19
20
21
22
23
24
25
26
27
28
29
Value pei
Share.
N o. of
Shares.
Date of
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
•
•
• $360,709 66
Total....................................
$360,709 66
No. 8.]
157
SAYINGS BANK COMMISSIONERS
P IT T SF IE L D
C O -O P E R A T IV E
Incorporated Feb. 15, 1889.
B A N K — P IT T S F IE L D .
Commenced business March 5, 1889.
Capital to be accumulated, $1,000,000.
F. W . H insdale, President.
H omes, B. Nash, Secretary.
H omes. B. N ash, Treasurer.
Names of security committee :
H. S. B ussell,
W . W . Gamwell,
Michael Casey.
Begular meetings the first Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
$93,433
10,264
140
137
2,519
00
00
00
27
50
$106,493 77
*
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
F i n e s , ....................................
Transfer fees,
Surplus.......................................
Guaranty fund,
$98,606
6,637
1,008
16
00
77
36
63
50
61 38
163 13
$106,493 77
Number of shares issued during the y e a r , .................................... 1,326
Number of shares now in f o r c e , ......................................................4,350
Number of shares now borrowed u p o n , ....................................1,167
Largest number of shares held by any one member, .
.
.
.2 5
Number of shares withdrawn during the y e a r , ....................................461
Amount of dues received during the y e a r , ..................................................... $45,416 00
Highest per centum of interest received during the year: 6|.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year......................................60
Present number of members.............................................................................. 660
Present number of b o r r o w e r s ,.................................................................. 136
Present number of non-borrowers,...................................................................524
Number of loans secured by first mortgage of real estate, . . .
63
Number of loans on s h a r e s ,............................................................................. 73
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
158
REPORT OF THE
[Pub. Doc.
Largest loan to any one m em b er,........................................................................ $5,000 00
Smallest loan to any one member,........................................................................
14 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
764 74
Amount of profits credited to shares during the year, .
.
.
.
.
4,204 31
Date of examination by commissioner: October 11.
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
779
389
438
445
607
468
702
522
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$48
41
34
27
20
14
02
01
15
40
81
36
8 10
2 00
Total
Value.
1
2
3
4
5
6
7
8
Value per
Share.
No. of
Shares.
Date op
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$37,407
15,952
14,957
12,193
12,631
6,720
5,686
1,044
58
89
70
00
67
48
20
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
Suspense profits,
$98,606 00
6,637 77
1,655 00
75
306 00
$106,899 52
Total....................................
$106,899 52
No. 8.]
159
SAYINGS BANK COMMISSIONERS.
PLYM OUTH
C O -O P E R A T IV E
Incorporated June 7, 1882.
BANK — PLYMOUTH.
Commenced business June 20, 1882.
Capital to be accumulated, $1,000,000.
E dward B. A twood, President.
Herbert Morriset, Secretary.
Geo. S. Dyer , Treasurer.
Names of security committee:
Peleg S. B urgess,
Joseph Barnes,
Seth W . Paty.
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Suspense account,
Cash in hands of treasurer,
$24,750
2,360
117
101
491
214
00
00
74
49
09
00
$28,034 32
!
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$22,991
4,136
666
60
26
48
58
39
5
$28,034 32
Number of shares issued during the year................................................... 229
Number of shares now in f o r c e , ............................................................... 625
•
Number of shares now borrowed u p o n , .............................................184
Largest number of shares held by any one member,
.
.
.
.
20
Number of shares withdrawn during the y e a r , ....................................66
Number of shares retired during the y e a r , .............................................19
Amount of dues received during the y e a r , ..................................................... $6,772 00
Highest premium received during the year.........................................................
Lowest premium received during the y e a r , ......................................................
Number of members withdrawn during the y e a r ,....................................17
Present number of m em bers,....................................................................... 143
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
96
94
31
64
56
42
70
14
65
70
05
160
KEPOKT OF THE
[Pub. Doc
Present number of borrowers,
.
.
.
.
Present number of non-borrowers,.............................................
Number of loans secured by first mortgage of real estate,
Number of loans on shares, .
.
.
.
.
Largest loan to any one m em ber,.............................................
Smallest loan to any one m e m b e r , ....................................
.
44
99
45
18
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
.
.
Date of examination by commissioner : October 28.
$1,850
100
283
1,318
00
00
37
48
Value per
Share.
N o. of
Shares.
C3
O i>
i
Date op
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
June,
D ec.,
June,
Dec.,
June,
D ec.,
D ec.,
June,
Dec.,
June,
Dec.,
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1886,
1886,
1887,
1887,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1
2
3
4
5
6
8
9
10
11
12
14
15
16
17
18
19
20
21
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
28
7
8
16
20
3
5
5
8
17
46
5
6
65
54
71
46
108
107
$170 89
159 99
149 25
138 85
128 76
118 99
100 43
91 62
83 09
74 84
66 87
51 64
44 36
37 29
30 43
23 80
17 35
11 09
5 00
$4,784 92
1,119 93
1,194 00
2,221 60
2,575 20
356 97
502 15
458 10
664 72
1,272 28
3,076 02
258 20
266 16
2,423 85
1,643 22
1,689 80
798 10
1,197 72
535 00
Dues, capital, as per general
ledger,
.
.
.
.
$22,991 96
Profits capital, as per gen
eral ledger,
4,136 94
90 96
$27,128 90
Total,
$27,128 90
4
No. 8.]
SAYINGS BANK COMMISSIONERS.
161
P R O V ID E N T C O -O P E R A TIV E B A N K — CH ELSE A.
Incorporated Sept. 25, 1885.
Commenced business Sept. 28, 1885.
Capital to be accumulated, $1,000,000.
T homas Martin, President.
C. W illis Gould, Secretary.
C. W illis Gould, Treasurer.
Names of security committee:
John W. Dorr,
Milton R at ,
H enry C. Starkey.
Regular meetings the fourth Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
$225,825 00
Loans on real estate, .
10,250 00
Loans on shares, .
.
1,049 35
Unpaid interest, .
145 95
Unpaid premiums,
68 23
Unpaid tines,
42 24
Maverick National Bank, .
5,551 01
Cash in hands of treasurer,.
Dues capital, .
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
$242,931 78
Number of shares issued during the year, .
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
N umber of shares forfeited during the year,.
Number of shares retired during the year, .
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,
.
.
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$203,661
35,398
882
2,508
481
00
70
07
30
71
$242,931 78
1,135
5,719
1,525
25
781
35
106
.
.
.
132
712
$66,962 00
25
05
162
REPORT OF THE
[Pub. Doc
Present number of b o r r o w e r s ,.................................................................. 175
Present number of n o n -b o r r o w e r s ,..........................................................537
Number of loans secured by first mortgage of real estate, .
.
. 143
Number of loans on s h a r e s ,............................................................................ 32
Largest loan to any one m em ber,........................................................................ f 5,000 00
......................................................
50 00
Smallest loan to any one member, .
.
Amount of expenses of the corporation for the year ending Oct. 31, 1892,
1,418 56
Amount of profits credited to shares during the year........................................
16,504 89
Date of examination by commissioner : April 8.
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
May,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
.
.
.
.
.
277
264
158
155
176
493
214
468
307
529
419
752
616
891
1
2
.
3
4
5
6
7
8
9
10
11
12
13
14
Dues paid in advance,
Total,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
.
fill
102
92
83
74
66
57
50
42
35
28
21
14
6
Total
Value.
1
IS S U E .
N o. of
Shares.
Series.
D ate of
Value per!
Share.
Reconciliation of Share Account with Dues and Profits Capital.
85
06
59
45
64
14
98
10
49
16
06
22
60
11
45
84
22
75
64
02
72
80
43
64
14
44
60
01
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$203,661 00
35,398 70
2,007 00
182 00
.
•
$30,982
26,943
14,629
12,934
13,136
32,607
12,407
23,446
13,044
18,599
11,757
15,957
8,993
5,444
•
$241,066 70
$241,066 70
No. 8.]
163
SAYINGS BANK COMMISSIONERS
Q U IN C Y
C O -O P E R A T IV E B A N K — Q U IN C Y .
Incorporated April 17, 1889.
Commenced business May 7,1889.
Capital to be accumulated, $1,000,000.
W . L . F a x o n , President.
R
ic h a r d
R ic h a r d D . C h a s e , Secretary.
D . C h a s e , Treasurer.
Names of security committee:
G eo . H . F i e l d ,
A l b e r t K e a t in g ,
A n d r e w M il n e .
Regular meetings the first Wednesday of each month.
B alance Sheet , October 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,
L ia b il it ie s .
$50,147
1,401
103
196
23
32
1,331
00
00
13
83
00
96
49
$53,235 41
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
$48,493
4,547
101
93
00
63
78
00
$53,235 41
Number of shares issued during the y e a r , ............................................. 506
Number of shares now in force............................................................ 1,834
Number of shares now borrowed u p o n , .............................................331
Largest number of shares held by any one member, .
.
.
.2 5
Number of shares withdrawn during the y e a r , ....................................304
Amount of dues received during the y e a r , ...................................................... $22,052 00
Highest premium received during the y e a r ,......................................................
25
Lowest premium received during the y e a r ,......................................................
05
Number of members withdrawn during the year,
.
.
.
.
45
Present number of members,........................................................................... 302
Present number of borrowers,
.
.
.
.
.
.
.
.
47
Present number of n o n -b o r r o w e r s ,......................................................... 255
Number of loans secured by first mortgage of real estate, . . .
44
Number of loans on s h a r e s ,..............................................................................11
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
[Pub. Doc,
REPORT OF THE
164
Largest loan to any one member...........................................................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year.......................................
Date of examination by commissioner : February 16.
$3,000
16
332
2,793
00
00
87
72
May,
iNov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
1
.
.
.
.
4
5
6
7
Dues paid in advance,
Total,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$46
39
32
25
18
12
6
554
194
182
140
333
229
202
2
3
.
•
Total
Value.
N o. of
Shares.
Series.
D ate of
I ssue .
Value per
Share.
Reconciliation of Share Account with Dues and Profits Capital.
90
63
55
65
94
43
11
•
60
22
10
00
02
47
22
Dues capital, as per general
ledger.................................
$48,493 00
Profits capital, as per gen-
eral ledger,
Unpaid dues,
.
4,547 63
748 00
.
215 00
.
•
$25,982
7,688
5,924
3,591
6,307
2,846
1,234
*
$53,788 63
Total,
.
.
.
.
$53,788 63
No. 8.]
165
SAYINGS BANK COMMISSIONERS
R A N D O LP H
C O -O P E R A TIV E
Incorporated Jan. 29,1889.
B A N K — RANDO LPH.
Commenced business Feb. 7, 1889.
Capital to be accumulated, $1,000,000.
J o h n B. T h a y e r , President.
P. H. M c L a u g h l i n , Secretary.
P. H. M c L a u g h l i n , Treasurer.
Names of security committee:
C harles A. W ale s,
H e n ry D odge,
T homas F a r r e l l .
Regular meetings the first Thursday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Real estate by foreclosure, .
Cash in hands of treasurer, .
$32,300
1,175
80
33
3,020
1,392
00
00
00
99
67
39
$38,002 05
Dues capital..............................
Profits capital (all series), .
Interest.......................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
.
.
Forfeited share account,
Withdrawal profits,
$31,163
2,915
427
33
19
260
110
28
44
00
55
07
29
66
93
18
24
13
$38,002 05
Number of shares issued during the y e a r , ............................................. 170
Number of shares now in f o r c e , ......................................................1,089
Number of shares now borrowed upon,
.
.
.
.
.
.
222
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year........................................... 208
Number of shares forfeited during the year,.................................... . 2 0
Amount of dues received during the y e a r , ......................................................$ 13,296 00
Highest premium received during the y e a r ,......................................................
05
Lowest premium received during the y e a r , ............................................. .........
05
Number of members withdrawn during the year,
.
.
.
. . II
Present number of members...........................................................................241
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
166
REPORT OF THE
[Pub. Doc.
Present number of b o r r o w e r s , ....................................................................47
Present number of n o n -b o r r o w e r s ,......................................................... 194
Number of loans secured by first mortgage of real estate, . . .
42
Number of loans on s h a r e s ,..............................................................................11
Largest loan to any one m em ber,........................................................................$4,500 00
Smallest loan to any one m e m b e r , ...............................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
143 17
1,759 84
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : March 15.
Feb.,
A u g.,
Feb.,
A u g.,
Feb.,
A u g .,
Feb.,
A u g .,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1
2
3
4
5
6
7
8
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
459
106
76
45
180
67
97
59
•
$49
42
35
28
21
15
9
3
65
38
32
47
82
36
09
00
Total
Value.
Value per
Share.
of
I ssue.
N o. of
Shares.
D ate
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$22,789
4,492
2,684
1,281
3,927
1,029
881
177
35
28
32
15
60
12
73
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$34,163 00
2,915 55
363 00
179 00
Total,
.
.
.
.
$37,441 55
No. 8.]
167
SAYINGS BANK COMMISSIONERS
R E A D IN G C O -O P E R A TIV E B A N K — R E A D IN G .
Incorporated Nov. 27, 1886.
Commenced business Dec. 6, 1886.
Capital to be accumulated, $1,000,000.
W
en dell
H a r r y P. B osson , Secretary.
B a n c r o f t , President.
E d g a r N . H u n t , Treasurer.
Names of security committee:
L e w is M . B a n c r o f t ,
W
en dell
B an croft,
M oses E . N ic h o l s .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$112,967 00
Loans on real estate, .
5,686 00
Loans on shares,.
.
.
50 00
Permanent expense account,
36 13
Tem porary expense account,
125
00
Salaries,
.
.
.
.
121 37
Cash in hands of secretary,
231 39
Cash in hands of treasurer,
$119,216 89
Dues capital, .
.
.
.
Profits capital {all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
$103,608
11,812
2,548
250
180
1
243
378
104
83
4
$119,216 89
Number of shares issued during the y e a r , ............................................. 895
Number of shares now in f o r c e , ...................................................... 3,099
Number of shares now borrowed upon........................................................708
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 417
Number of shares forfeited during the year............................................... 15
Number of shares retired during the year, .
.
.
.
.
. 1
Amount of dues received during the year............................................................ ........
Highest per centum of interest received during the year: 8 ^ .
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
.
.
.
.
66
Present number of members,............................................. ........
473
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
76
79
95
17
50
47
39
75
76
35
00
168
REPORT OF THE
[Pub. Doc.
Present number of b o r r o w e r s , .................................................................. 105
Present number of non-borrowers,......................................................... 368
Number of loans secured by first mortgage of real estate, . . .
84
Number of loans on sh a r e s ,.............................................................................26
Largest loan to any one m e m b e r ,.......................................................................$5,000 00
Smallest loan to any one member,.......................................................................
15 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
160 36
Amount of profits credited to shares during the y e a r ,.................................... 5 570 40
Date of examination by commissioner: March L
Deo.,
June,
D ec.,
June,
D ec.,
June,
Dec.,
June,
D ec.,
June,
Dec ,
June,
1886,
1887,
1887,
1888,
1888,
18»9,
1889,
1890,
1890,
1891,
1891,
1892,
1
.
2
3
4
5
6
7
8
9
10
11
12
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
*
431
106
161
164
143
278
175
231
277
303
303
527
•
$83
75
67
■ 59
51
44
37
30
23
17
11
5
73
40
32
48
89
53
42
52
83
36
09
00
Total
Value.
Value per!
Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$36,087
7,992
10,838
9,754
7,420
12,379
6,548
7,050
6,600
5,260
3,360
2,635
63
40
52
72
27
34
50
12
91
08
27
00
Dues capital, as per general
ledger.....................................
Profits capital, as per gen
eral ledger,
Unpaid dues,
.
$103,608 00
11,812 76
731 00
224 00
$116,151 76
Total.....................................
$116,151 76
No. 8.]
169
SAYINGS BANK COMMISSIONERS.
R E L IA N C E
C O -O P E R A TIV E
Incorporated July 16, 1889.
B A N K — CAM BR ID G E.
Commenced business July 10, 1889.
Capital to be accumulated, $1,000,000.
A m a s a S. K. C l a r k , Secretary.
E d w a r d W . H in c k s , President.
A m a sa S. K . C l a r k , Treasurer.
Names of security committee:
G eo. H . S t e a r n s,
H erm an B ir d ,
M a r s h a l l N. S t e a r n s ,
G eo . A. A l l is o n ,
M ic h a e l C o r c o r a n .
Regular meetings the second Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,
$53,600
778
310
145
5,878
00
00
81
57
05
•
$55,764
3,410
1,109
100
26
1
119
113
4
27
35
Hues capital..............................
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
Fines,
.
.
.
.
.
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Security committee,
.
$60,712 43
$60,712 43
Number of shares issued during the year,
.
Number of shares now in force, .
•
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
55
52
24
54
75
31
76
10
66
00
1,028
2,499
. 349
. 25
. 377
.
5
.
.
.
.
$26,582 00
50
05
170
REPORT OF THE
[Pub. Doc
Number of members withdrawn during the year,
Present number of members,.............................................
Pi esent number of b o r r o w e r s ,....................................
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.............................................
Largest loan to any one m e m b e r,....................................
Smallest loan to any one member,....................................
55
353
33
320
22
11
2, •
.
Amount of profits credited to shares during the year,
Date of examination by commissioner: March 4.
$5,000
18
535
• 2,338
00
00
88
86
July, 1889,
Jan., 1890,
J u ly ,’ 890,
Jan., 1891,
July, 1891,
Jan , 1892,
July, 1892,
711
251
161
183
285
442
466
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$43
36
29
22
16
10
4
.
•
•
Total
Value.
1
2
3
4
5
6
7
Value perj
Share.
N o. of
Shares.
D ate op
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
27
25
43
81
36
09
00
$30,764
9,098
4,738
4,174
4,662
4,459
1,864
97
75
23
23
60
78
00
.
57
•-
$59,819 56
•
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
.
.
Suspense profits,
.
$55,764 00
3,410 55
645 00
01
00
Total,
.
.
.
.
$59,819 56
No. 8.]
171
SAYINGS BANK COMMISSIONERS.
R O X B U R Y C O -O P E R A T IV E B A N K — B O STO N .
Incorporated Oct. 3, 1889.
Commenced business Nov. 1, 1889.
Capital to be accumulated, $1,000,000.
J a m e s F . B l is s , President.
T h e o . P f a n n e n s t ie h l , Secretary.
C h a s . L i f f l e r , Treasurer.
Names of security committee:
A.
C h a s. L if f l e r ,
R.
W . A. F o lso m ,
J o se p h E n g e l .
W
atson,
Regular meetings the first business day of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,.
$32,800
1,100
690
92
3
11
6,303
00
00
00
75
30
88
22
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
Forfeited share account,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
52
64
00
99
$41,001 15
$41,001 15
Number of shares issued during the year, .
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
.
Number of members withdrawn during the year,
Present number of members.......................................
Present number of borrowers....................................
Present number of non-borrowers,
.
.
$38,457
2,299
57
55
131
1,046
2,136
228
25
442
15
.
46
263
22
241
$24,936 00
10
05
172
REPORT OF THE
[Pub. Doc.
Number of loans secured by first mortgage of real estate, .
.
. 1 1
Number of loans on s h a r e s ,...................................................... . 1 1
Largest loan to any one m em ber,........................................................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : April 7.
$5,000
550
1,016
1,768
00
00
69
19
N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
1889,
1890,
1890,
1891,
1891,
1892,
1
235
128
470
409
376
518
2
3
4
5
6
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$39
32
25
18
12
6
.
38
32
47
82
36
09
Total
Value.
Valueper
Share.
N o. of
Shares.
D ate of
I ssue .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$9,254
4,136
11,970
7,697
4,647
3,154
30
96
90
38
36
62
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$38,457 00
2,299 52
311 00
206 00
$41,067 52
Total,
.
.
.
.
$41,067 52
No. 8.]
SAYINGS BANK COMMISSIONERS.
173
SA L E M C O -O P E R A TIV E B A N K — SALEM .
Incorporated April 7, 1888.
Commenced business April 13, 1888.
Capital to be accumulated, $1,000,000.
A l b e k t C. M a c k i n t i r e , Secretary.
J o h n M . R a y m o n d , President.
A
lbert
C. M a c k i n t i r e , Treasurer.
Names of security committee:
F r a n c is A . N e w e l l ,
John M . R a y m o n d ,
G e o r g e W . P ic k e r i n g .
Regular meetings the second Friday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
$135,125 00
Loans on real estate, .
5,350 00
Loans on shares, .
125 00
Permanent expense account,
27 50
Temporary expense account,
385 08
Unpaid interest, .
81 70
Unpaid premiums,
62 46
Unpaid fines,
14,085
32
Cash in hands of treasurer,.
Dues capital, .
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
Fines...........................................
Surplus, .
.
.
.
.
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Forfeiture profits, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
24
22
15
23
24
84
29
48
37
$155,242 06
$155,242 06
Number of shares issued during the year, .
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year, .
Number of shares forfeited during the year, .
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,....................................
$137*821
12,775
773
142
25
2,804
709
122
64
4
1,416
5,318
908
25
1,189
9
$60,943 00
35
05
173
910
REPORT OF THE
174
Present number of borrowers.............................................
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.............................................
Largest loan to any one m em ber,....................................
Smallest loan to any one member,
.
.
.
.
Amount of expenses of the corporation for the year ending
Amount of profits credited to shares during the year, .
Date of examination by commissioner: February 18.
[Pub. Doc
759
152
36
•
2, .
.
$3,600
20
517
7,196
00
00
13
03
April,
Oct.,
April,
Oct.,
A p ril,
Oct.,
April,
Oct.,
April,
Oct.,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
O 2
. c3
0^5
491
452
477
305
434
693
725
577
765
399
1
2
3
4
5
6
7
8
9
.
.
.
.
.
.
10
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$62
55
47
40
33
26
19
13
7
85
14
65
38
32
47
82
36
09
1 00
.
Total
Value.
D ate op
I ssue.
Value per
Share.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$30,859
24,923
22,729
12,315
14,460
18,343
14,369
7,708
5,423
399
35
28
05
90
88
71
50
72
85
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
.
.
Unpaid dues,
.
.
$137,821 00
12,775 24
1 ,1 2 0 00
183 00
$151,716 24
Total.....................................
$151,716 24
No. 8.]
175
SAYINGS BANK COMMISSIONERS.
S A N D W IC H C O -O P E R A TIV E
Incorporated Oct. 1, 1885.
B A N K — S A N D W IC H .
Commenced business Dec. 15, 1885.
Capital to be accumulated, $1,000,000.
J ohn E. P ratt , President.
W . H. H eald , Treasurer.
W . H. H eald , Secretary.
Names of security committee :
L. S. N ye ,
H. H. H eald ,
W. E. Boyden.
Regular meetings the third Tuesday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares. .
Permanent expense account,
Temporary expense account,
Suspense account,
Unpaid interest, .
Unpaid fines,
Cash in hands of treasurer,.
$8,200
650
194
8
3
20
2
998
00
00
28
95
84
81
19
09
Dues capital..............................
Profits capital (all series), .
Interest,....................................
Fines...........................................
Surplus.......................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$10,078 16
$8,874
879
209
8
44
15
16
29
$10,078 16
Number of shares issued during the y e a r , ............................................. 72
Number of shares now in f o r c e , ............................................................... 221
Number of shares now borrowed u p o n , .............................................57
Largest number of shares held by any one member, . ■ .
.
.1 0
Number of shares withdrawn during the y e a r , .....................................64
Number of shares forfeited during the year...............................................4
Amount of dues received during the y e a r ,...................................................... $2,803 00
Highest per centum of interest received during the year: 8.
Lowest per centum of interest received during the year: 5.
Number of members withdrawn during the year,.................................... 9
Present number of members,....................................................................... 74
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
09
86
91
68
19
92
51
176
REPORT OF THE
[Pub. Doc
Present number of b o r r o w e r s ,.............................................
. 29
Present number of n o n -b o r r o w e r s ,.....................................
.
. 45
Number of loans secured by first mortgage of real estate, .
. 20
Number of loans on s h a r e s ,......................................................
.
.
11
Largest loan to any one m em ber,.............................................
Smallest loan to any one member,.............................................
•
•
•
Amount of expenses of the corporation for the year ending Oct. 31,1892, .
Amount of profits credited to shares during the year, .
•
Date of examination by commissioner: September 12.
$1,000
50
88
324
00
00
98
73
D ec.,
June,
D ec.,
June,
Dec.,
June,
Dec.,
June,
Dec.,
June,
D ec.,
June,
Dec.,
June,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
.
.
.
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
37
1
34
3
3
5
16
6
15
. 7
8
9
10
11
12
13
14
9
12
10
35
35
•
$94
86
79
71
64
57
50
43
36
30
23
17
11
5
•
41
75
19
85
54
31
22
32
57
00
55
26
08
00
Total
Value.
1
2
3
4
5
6
Valueper
Share.
N o. of
Shares.
D ate op
I ssu e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$3,493
86
2,692
215
193
286
803
259
548
270
282
172
387
175
17
75
46
55
62
55
52
92
55
00
60
60
80
00
$9,868 09
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
Total,
.
.
.
.
$8,873 00
879 09
116 00
$9,868 09
No. 8.]
SAYINGS BANK COMMISSIONERS.
S E C U R IT Y
177
C O -O P E R A T IV E B A N K — BR OCKTON.
Incorporated Dec. 17,1877.
Commenced business Dec. 20, 1877.
Capital to be accumulated, $1,000,000.
B. E . J o n e s , President.
H e n r y C. G u r n e y , Secretary.
F r e d B. H o w a r d , Treasurer.
Names of security committee :
T. E . G if f o r d ,
L . F . Severance,
W . H . Sa v a g e .
Regular meetings the thPd Thursday of each month.
B alance Sheet , October 31, 1892.
A ssets.
L ia b il it ie s ,
Loans on real estate, .
$244,900 00
Loans on shares, .
11,990 00
Permanent expense account,
392 00
Temporary expense account,
887 25
Real estate by foreclosure, .
8,594 78
Unpaid interest, .
2,145 26
Unpaid premiums,
223 21
Unpaid fines,
181 95
Cash in hands of secretary,.
75 29
Cash in hands of treasurer,
37,191 12
Dues capital, .
.
.
.
Profits capital (all series), .
Interest, .
.
.
.
.
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Mortgage balance,.
$306,580 86
Number of shares issued during the year,
Number of shares now in f o r c e , ....................................
Number of shares now borrowed upon,
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year, .
Number of shares matured during the year, .
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$251,760
35,442
14,585
1,530
630
6
42
1,202
10
1,319
49
00
03
77
85
86
75
94
57
50
36
23
$306,580 86
1,461
6,003
1,553
. 25
1,083
. 50
. 83
. 108
.
.
. 134
$74,278 00
15
10
178
REPORT OF THE
[Pub. Doc.
Present number of members,
....................................746
Present number of b o r r o w e r s ,............................................................... 192
Present number of non-borrowers,
.
.............................................554
Number of loans secured by first mortgage of real estate, .
.
. 212
Number of loans on s h a r e s ,....................................................................... 50
Largest loan to any one m em ber,........................................................................ $5,000 00
Smallest loan to any one m e m b e r , ............................................. i
25 00
Amount of expenses of the corporation for the year ending Oct. 31,1892, .
1,278 03
Amount of profits credited to shares during the y e a r ,.................................... 16,61131
Date of examination by commissioner : February 9.
D ec.,
D ec.,
D ec.,
D ec.,
D ec.,
D ec.,
D ec.,
Dec.,
D ec.,
Dec.,
D ec.,
1881,
1882,
1883,
1884,
1885,
1886,
1887,
1888,
1889,
1890,
1891,
5
6
7
8
9
10
11
12
13
14
15
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
110
127
150
150
196
315
626
931
1,092
982
1,324
.
$182
159
137
118
99
82
65
50
36
23
57
42
99
09
53
18
97
81
66
41
11 00
.
Total
Value.
Value per
Share.
N o. of
Shares.
D ate op
I ssu e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$20,082
20,246
.20,698
17,713
19,507
25,886
41,297
47,304
40,032
22,988
14,564
70
34
50
50
88
70
22
11
72
62
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
.
,
Unpaid dues,
$251,760 00
35,805 29
3,U 6 00
389 00
$290,711 29
Total,
.
.
.
.
$290,711 29
No. 8.]
SAYINGS BANK COMMISSIONERS.
179
S O M E R V IL LE CO -O P ER ATIV E B A N K — SO M E R V IL L E .
Incorporated May 4, 1880.
Commenced business June 7, 1880.
Capital to be accumulated, $1,000,000.
J. F r a n k W
e l l in g t o n ,
President.
J a m e s F . B e a r d , Secretary.
J a m e s F . B e a r d , Treasurer.
Names of security committee:
B . F r a n k T hom pson,
M ar sh all H . L ocke,
N a i h a n H. R e e d .
Regular meetings the first Monday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
$311,950 00
Loans on real estate, .
10,175 00
Loans on shares, .
650 00
Permanent expense account,
86 79
Temporary expense account,
12 03
Suspense account,
502 83
Cash in hands of treasurer,
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
378
1,000
227
105
00
83
02
35
24
75
55
00
53
38
$323,376 65
$323,376 65
Number of shares issued during the year, .
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of members withdrawn during the year,
Number of shares forfeited during the year,
Number of shares matured during the year,.
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
$273,825
46,086
1,609
90
53
3,442
9,428
1,867
. 25
1,916
. 34
. 112
$102,456 00
10
05
. 182
180
REPORT OF THE
[Pub. Doc.
o
o
o
•o
m
Present number of members,...............................................................
1,073
Present number of b o r r o w e r s ,......................................................
. 196
Present number of n o n -b o r r o w e r s ,.............................................
. 877
Number of loans secured by first mortgage of real estate, .
. 168
Number of loans on shares...........................................................
. 28
Largest loan to any one m em b er,......................................................
Smallest loan to any one member,.....................................................
,
,
Amount of expenses of the corporation for the year ending Oct. 31 1892, .
Amount of profits credited to shares during the year, .
,
,
Date of examination by commissioner : February 12.
00
50 00
1,821 69
18,654 54
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
10
75
25
136
29
163
52
37
76
171
77
266
165
389
245
418
565
884
663
1,137
901
1,880
1,064
Dues paid in advance,
Total,
•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$191
179
168
157
146
136
126
116
106
97
88
80
71
63
55
48
40
33
26
19
13
7
1
F
•
•
•
52
91
55
49
65
17
10
34
88
71
77
11
74
66
75
11
73
57
66
94
42
11
00
Total
Value.
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Value per
Share.
No. of
Shares.
Date of
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$1,915
13,493
4,213
21,418
4,252
22,195
6,557
4,304
8,122
16,708
6,835
21,309
11,837
24,752
13,658
20,109
23,012
29,675
17,675
22,671
12,091
13,366
1,064
20
25
75
64
85
71
20
68
88
41
29
26
10
07
75
98
45
88
58
78
42
80
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital,as per general ledger,
.
.
Unpaid dues,
$273,825 00
46,086 83
1,639 00
308 00
$321,550 83
Total,
.
.
.
.
$321,550 83
No. 8.]
181
SAYINGS BANK COMMISSIONERS
SOUTH F R A M IN G H A M
C O -O P E R A T IV E B A N K —
SOUTH F R A M IN G H A M .
Incorporated April 16, 1889.
Commenced business May 6, 1889.
Capital to be accumulated, $1,000,000.
C h a r l e s J. M c P h e r s o n , President.
H a r r i e L. D a v e n p o r t , Secretary.
H a r r i e L. D a v e n p o r t , Treasurer.
Names of security committee :
R
u s se l l
M . F rench,
E l e a z e r G o u l d in g ,
F rank H . F ales.
Regular meetings the first Monday of each month.
B alance Sheet , October 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Note of town of Framing
ham, ....................................
Accrued interest,.
Cash in hands of treasurer,
L ia b il it ie s .
$55,255
3,085
145
263
16
45
10
00
29
53
64
86
Dues capital..............................
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
Surplus,
.
.
.
.
Guaranty fund,
Forfeited share account,
.
5,000 00
201 44
885 60
$64,898 46
Number of shares issued during the year, .
Number of shares now in f o r c e , .............................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year, .
.
.
.
Highest per centum of interest received during the year: 9.
Lowest per centum of interest received during the year : 6.
Number of members withdrawn during the year,
Present number of members,......................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$59,107 00
5,170 33
5 00
10
179 85
296 87
139 31
$64,898 46
. 648
2,227
. 491
. 25
. 565
.
. 98
. 380
$26,499 00
182
REPORT OF THE
'[Pub. Doc.
Present number of b o r r o w e r s ,.................................................................... 55
Present number of n o n -b o r r o w e r s ,..........................................................325
Number of loans secured by first mortgage of real estate, . . .
51
Number of loans on s h a r e s ,.............................................................................16
Largest loan to any one m em ber,........................................................................ $4,000 00
Smallest loan to any one member,
.
.
.
.
.
.
.
.
35 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
433 20
Amount of profits credited to shares during the y e a r ,....................................
3,074 20
Date of examination by commissioner: February 1.
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
678
250
270
247
180
267
335
.
.
Dues paid in advance,
Total,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$46
39
32
25
18
12
6
.
•
.
•
50
32
32
50
86
39
10
Total
Value.
1
2
3
4
5
6
7
.
Value per
Share.
Issue.
1 N o. of
Shares.
D ate of
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$31,527
9,830
8,726
6,298
3,394
3,308
2,043
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per gen.
eral ledger,
Unpaid dues,
.
00
00
40
50
80
13
50
$59,107 00
5,170 33
1,129 00
278 00
$65,406 33
T otal....................................
1
$65,406 33
No. 8.]
183
SAYINGS BANK COMMISSIONERS
SOUTH SHORE C O -O P E R A T IV E B A N K — W E Y M O U T H .
Incorporated April 18, 1890.
Commenced business May 5, 1890.
Capital to be accumulated, $1,000,000.
F r a n c is A m b l e r , President.
C h a s . G . S h e p p a r d , Secretary.
C h a s . G . S h e p p a r d , Treasurer.
Names of security committee:
G eorge W . W
h it e ,
D a v id J. P i e r c e ,
J oh n B . R
h in e s .
Regular meetings the first Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid fines,
Cash in hands of treasurer, .
$19,800
750
150
3
828
00
00
00
92
98
Dues capital, .
.
.
.
Protits capital (all series),
Interest,....................................
Premiums..................................
Surplus, .
.
.
.
Guaranty fund,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10
$21,532 90
$21,532 90
Number of shares issued during the year, .
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year, .
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,....................................
Present number of borrowers,
.
.
.
.
Present number of non-borrowers,
$20,092 00
1,376 06
3 00
55
44 19
17 00
. 451
1,010
. 146
. 25
. 122
.
5
.
. 23
. 194
.
21
. 173
$11,191 00
25
05
184
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
19
Number of loans on s h a r e s ,................................................................................
Largest loan to any one m em ber,......................................................
Smallest loan to any one member...............................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892,
Amount of profits credited to shares during the year, .
.
.
.
.
Date of examination by commissioner: June 15.
$2,300
50
90
997
00
00
30
61
M ay,
N ov.,
M ay,
N ov.,
M ay,
1890,
1890,
1891,
1891,
1892,
.
.
1
2
3
4
5
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
436
96
96
123
259
*
$32
25
38
12
6
44
57
90
40
10
Total
Value.
N o of
Shares.
Series.
D ate
I ssue .
op
Value per
Share.
Reconciliation of Share Account with Dues and Profits Capital.
$14,143
2,454
3,814
1,525
1,579
84
72
40
20
90
•
•
•
70 00
’
*
*
$21,588 06
Dues capital, as per general
ledger.....................................
Profits capital, as per gen
eral ledger,
Unpaid dues,
Total,
.
.
.
.
$20,092 00
1,376 06
120 00
$21,588 06
No. 8.]
SAYINGS BANK COMMISSIONERS.
SOUTH W E Y M O U T H
185
C O -O P E R A T IV E B A N K — SOUTH
W EYM OUTH.
Incorporated Feb. 28, 1889.
Commenced business Mar. 9, 1889.
Capital to be accumulated, $1,000,000.
A . F e n t o n B u l l o c k , President.
F . W . H o w e , Secretary.
E l l i s J. P i t c h e r , Treasurer.
Names of security committee:
Louis A . C o o k ,
E d g a r R. D o w n s ,
C h a s . H. C l a p p ,
J. E
mm ons
D erby,
Ja m e s F . F r a w l e y .
Regular meetings the second Saturday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid fines,
Cash in hands of treasurer, .
$24,700
2,775
180
5
341
00
00
00
87
23
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,
.
.
.
.
Premiums,
.
.
.
.
Surplus,....................................
Guaranty fund,
Withdrawal profits,
$28,002 10
Number of shares issued during the y e a r , .............................................313
Number of shares now in f o r c e , ......................................................1,033
Number of shares now borrowed upon,
.
.
.
.
.
.
250
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year.......................................... 158
Amount of dues received during the year................................. '
.
Highest premium received during the y e a r,......................................................
Lowest premium received during the y e a r ,......................................................
Number of members withdrawn during the year,
.
.
.
.
22
Present number of m e m b e r s , ............................................................... 216
Present number of b o r r o w e r s ,............................................. ........
. 54
Present number of n o n -b o r r o w e r s ,...................................................... 162
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$25,698
2,047
164
9
16
35
30
Ofi
30
55
25
68
82
50
$28,002 10
$10,953 00
25
05
[Pub. Doc
REPORT OF THE
186
Number of loans secured by first mortgage of real estate, .
.
.4 3
Number ofloans on s h a r e s ,........................................................................ 36
Largest loan to any one member............................................................................
Smallest loan to any one member,........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : February 2.
$3,450
25
184
1,291
00
00
38
74
M ar.,
Sept.,
Mar.,
Sept.,
Mar.,
Sept.,
M ar.,
Sept.,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
1
2
3
4
.
.
.
5
6
7
8
$48
41
34
27
20
14
8
2
286
65
118
103
116
51
162
132
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
48
31
30
47
82
36
09
00
•
•
•
$13,865
2,685
4,047
2,829
2,415
732
1,310
264
28
15
40
41
12
36
58
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
.
.
.
Unpaid dues,
$25,698 00
2,047 30
429 00
25 00
.
Dues paid in advance,
Total, .
Total
Value.
N o. of
Shares.
Series.
D ate op
I ssue .
Value per
Share.
Reconciliation of Share Account with Dues and Profits Capital.
•
$28,174 30
Total,
.
.
.
.
$28,174 30
No. 8.]
187
SAYINGS BANK COMMISSIONERS.
SPEN CER C O -O P E R A TIV E B A N K — SPENCER.
[Incorporated June 8, 1889.
Commenced business July 1, 1889.
Capital to be accumulated, $1,000,000.
L u t h e r H i l l , President.
G e o . S. G r e e n , Secretary.
G e o . S. G r e e n , Treasurer.
Names of security committee :
A. H . S i n n o t t ,
E m erson Sto n e.
Regular meetings the first Saturday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest, .
Unpaid fines.
Cash in hands of treasurer,
$21,250
1,130
20
103
133
12
1,998
00
00
00
00
25
55
64
$22,148
1,747
432
4
9
28
219
57
Dues capital, .
.
.
Profits capital (all series), .
Interest,....................................
F i n e s , ....................................
Surplus.......................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
$24,647 44
$24,647 44
Number of shares issued during the year, .
Number of shares now in f o r c e , .....................................
Number of shares now borrowed upon,
Largest number of-shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year, .
Highest per centum of interest received during the year: 6
Lowest per centum of interest received during the year: 6
Number of members withdrawn during the year,.
Present number of members................................................
Present number of borrowers.............................................
Present number of non-borrowers,....................................
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
68
45
84
39
06
73
29
74
650
208
25
258
$8,372 00
15
132
24
108
18
6
REPOET OF THE
188
[Pub. Doc
Largest loan to any one m e m b e r,...............................................................
Smallest loan to any one member,...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892,
Amount of profits credited to shares during the year, .
.
.
.
Date of examination by commissioner: May 5.
$
2,000 00
25 00
65 75
1,192 80
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
1
2
3
4
5
6
7
474
23
41
14
50
25
23
U
P*
a>
<X> o8
E&
a oQ
>
$43
36
29
22
16
10
4
38
32
47
82
36
09
00
Total
Value.
I ssue .
No of
Shares.
D ate op
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$20,562
835
1,208
319
818
252
92
12
56
27
48
00
25
00
Dues capital, as per general
ledger.....................................
Profits capital, as per genera] ledger,
Unpaid dues,
.
$24,087 68
Total....................................
$22,148 00
1,747 68
192 00
$24,087 68
No. 8.]
SAYINGS BANK COMMISSIONERS
189
SP R IN G F IE L D C O -O P E R A TIV E B A N K — S P R IN G F IE L D .
Incorporated April 13, 1882.
Commenced business May 9, 1882.
Capital to be accumulated, $1,000,000.
O. S. G k e e n l e a f , President.
E. S. B a t c h e l d e r , Secretary.
C . H . C h u r c h i l l , Treasurer.
Names of security committee:
C. L. S h a w ,
C. H. C h u r c h i l l ,
F. A. J u d d .
Regular meetings the second Tuesday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
$207,895 00
Loans on real estate, .
11,390 00
Loans on shares, .
615 75
Permanent expense account,
774 75
Unpaid interest, .
48 10
Unpaid premiums,
107 96
Unpaid fines,
.
.
8,841 34
Cash in hands of treasurer,.
$229,672 90
Dues capital..............................
Profits capital (all series),
Surplus,....................................
Guaranty fund,
Forfeited share account,
Forfeiture profits, .
$195,926
30,846
1,371
1,349
177
2
00
56
10
11
83
30
$229,672 90
Number of shares issued during the y e a r , ..............................................3,593
Number of shares now in f o r c e , ............................................................... 7,544
Number of shares now borrowed u p o n , ..............................................1,558
Largest number of shares held by any one member...................................... 25
Number of shares withdrawn during the year........................................... 1,498
Number of shares forfeited during the year, .................................................. 11
Amount of dues received during the y e a r , ...................................................... $83,375 00
Highest premium received during the y e a r ,......................................................
20
Lowest premium received during the y e a r ,......................................................
05
Number of members withdrawn during the year,
.
.
.
.181
Present number of members,........................................................................... 950
Present number of b o r r o w e r s ,...................................................................154
Present number of n o n -b o r r o w e r s ,..........................................................796
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
190
REPORT OF THE
[Pub. Doc.
Number of loans secured by first mortgage of real estate, .
.
.128
Number of loans on s h a r e s ,........................................................................77
Largest loan to any one m e m b e r ,....................................................................... f 5,000 00
Smallest loan to any one member..........................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
1,617 21
Amount of profits credited to shares during the y e a r ,....................................
12,165 31
Date of examination by commissioner : August 18.
M ay,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
May,
N ov.,
Feb.,
M ay,
A u g .,
Nov ,
Feb.,
May,
A u g.,
N ov.,
Feb.,
M ay,
Aug ,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1890,
1890,
1891,
1891,
1891,
1891,
1892,
1892,
1892,
.
.
.
.
.
.
.
.
.
.
.
95
35
61
51
81
43
122
71
71
71
118
137
122
154
111
268
240
254
378
227
761
395
439
625
977
814
823
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$172
162
151
141
131
122
112
103
95
86
78
70
62
54
46
39
36
32
29
25
22
18
15
12
9
6
3
54
05
73
68
89
20
95
93
15
60
24
16
20
46
88
63
02
49
00
57
19
88
61
40
23
10
03
$16,391
5,671
9,255
7,225
10,683
5,254
13,779
7,379
6,755
6,148
9,232
9,611
7,588
8,386
5,203
10,620
8,644
8,252
10,962
5,804
16,886
7,457
6,852
7,750
9,017
4,965
2,493
30
75
53
68
09
60
90
03
65
60
32
92
40
84
68
84
80
46
00
39
59
60
79
00
71
40
69
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$195,926 00
30,846 56
1,708 00
204 00
.
•
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
Value per
Share.
N o. of
Shares.
D ate
I ssu e.
of
Series.
Reconciliation of Share Account with Dues and Profits Capital.
•
$228,480 56
Total.....................................
$228,480 56
No. 8 .]
191
SAYINGS BANK COMMISSIONERS
STO N EH A M
C O -O P E R A T IV E
Incorporated Jan. 10, 1887.
B A N K - STO N EH A M .
Commenced business Feb. 1, 1887.
Capital to be accumulated, $1,000,000.
J a so n B. S a n b o r n , President.
W m . B. S n o w , Secretary.
V m , B. S n o w , Treasurer.
Names of security committee:
A . H. C o w d r e y ,
O. H. M a r s t o n ,
L y m a n D ik e .
Regular meetings the first Tuesday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares,.
Unpaid interest,
1
Unpaid premiums, j *
Unpaid fines,
Cash in hands of treasurer,
$88,400 00
2,100 00
69 60
$80,669
11,107
539
28
Dues capital, .
.
.
.
Profits capital (all series),
Guaranty fund,
Forfeited share account,
11 84
1,762 46
$92,343 90
$92,343 90
Number of shares issued during the year,
Number of shares now in f o r c e , ....................................
Number of shares now borrowed upon, .
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year, .
Present number of members,.............................................
Present number of b o r r o w e r s ,....................................
Present number of non-borrowers,
.
.
.
.
Number of loans secured by first mortgage of real estate,
Number of loans on s h a r e s ,.............................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
45
19
26
. 737
2,397
. 523
. 25
. 402
6
.
. .
$31,501 00
20
05
. 60
. 374
. 81
. 293
.
88
.
13
[Pub. Doc
REPORT OF THE
192
Largest loan to any one m e m b e r ,........................................................................
Smallest loan to any one member,........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : September 5.
$3,500
50
507
4,950
00
00
46
88
Feb.,
A u g .,
Feb.,
A u g .,
Feb.,
May,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
May,
1887,
1887,
1888,
1888,
1889,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
.
.
.
.
.
345
51
211
68
125
87
174
210
294
238
273
321
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$82
74
66
58
50
47
39
32
25
18
12
6
•
90
57
45
55
87
10
73
57
64
92
41
11
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
Yalueper
Share.
I ssue.
N o. of
Shares.
D a te o r
Series,
j
1
Reconciliation of Share Account with Dues and Profits Capital.
$28,600
3,803
14,020
3,981
6,358
4,097
6,913
6,839
7,538
4,502
3,387
1,961
50
07
95
40
75
70
02
70
16
96
93
31
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
.
.
.
Unpaid dues,
$80,669 0f>
11,107 45
259 00
30 00
$92,035 45
Total,
.
.
.
.
$92,035 45
No. 8.]
193
SAYINGS BANK COMMISSIONERS
STO U G H TO N C O -O P E R A TIV E B A N K — STO UGH TON.
Incorporated March 23, 1886.
Commenced business April 10, 1886.
Capital to be accumulated, $1,000,000.
H e n r i L. J o h n s o n ,
President.
H e n r y W . B r it t o n , Secretary.
H e n r y W . B r i t t o n , Treasurer.
Names of security committee:
R ic h a r d B . W a r d ,
G eorge F . W a l k e r ,
C h r is t o p h e r F a r r e l l .
Regular meetings the second Saturday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$109,075 00
Loans on real estate, .
4,775 00
Loans on shares, .
75 00
Permanent expense account,
33 00
Temporary expense account,
3,734 65
Cash in hands of treasurer,
Dues capital, .
.
.
.
Profits capital (all series),
Interest.......................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Due borrowers’ account,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
17
72
25
91
00
79
39
90
52
00
$117,692 65
$117,692 65
Number of shares issued during the year, .
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year, .
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
$100,031
12,761
896
69
9
1
546
450
8
117
2,800
1,033
3,396
. 717
. 25
. 622
.
11
. 68
.
.
.
.
$38,150 00
10
05
104
REPORT OF THE
[Pub. Doc.
Number of members withdrawn during the year,
.
.
.
.
90
Present number of members,........................................................................... 488
Present number of borrowers,...........................................................................153
Present number of non-borrowers,................................................................. 335
Number of loans secured by first mortgage of real estate, .
.
. 121
Number of loans on s h a r e s ,............................................................................. 32
Largest loan to any one m em ber,........................................................................ $4,000 00
Smallest loan to any one member..........................................................................
25 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
517 19
Amount of profits credited to shares during the y e a r ,.................................... 6,021 14
Date of examination by commissioner : August 23.
April,
M ar.,
Mar.,
Mar.,
Sept.,
Mar.,
Sept.,
Mar ,
Sept.,
Mar.,
Sept.,
1886,
1887,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
285
121
214
343
228
278
309
360
351
532
375
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$96
80
64
49
41
34
27
20
14
8
2
.
83
97
50
04
69
54
61
90
40
10
00
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
Value per
I Share.
N o. of
Shares.
D ate of
I s su e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$27,596
9,797
13,8u3
16,820
9,505
9,602
8,531
7,524
5,054
4,309
750
55
37
00
72
32
12
49
00
40
20
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$100,031 00
12,761 17
642 00
140 00
$113,434 17
Total....................................
$113,434 17
No. 8.]
195
SAYINGS BANK COMMISSIONERS.
SU F FO L K C O -O P E R A TIV E B A N K — BOSTON-.
Incorporated Dec. 11, 1885.
Commenced business Jan. 1, 1886.
Capital to be accumulated, $1,000,000.
C h a s . A . P o t t e r , President.
C h a s . J. P a g e , Secretary.
C h a s . J. P a g e , Treasurer.
Names of security committee:
W il l ia m C. C r a ig ,
F red H . H e n sh a w ,
A . H . H olw ay.
Regular meetings the first Wednesday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,.
$21,445
1,066
360
201
41
19
2,040
00
00
00
00
80
24
62
Dues capital, .
.
.
.
Profits capital (all series),
Surplus,....................................
Guaranty fund,
Forfeited share account,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
30
32
77
27
$25,173 66
$25,173 66
Number of shares issued during the year,
.
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,....................................
Present number of borrowers,
.
.
.
.
Present number of non-borrowers,
.
.
$22,345
2,719
25
66
17
355
784
140
25
241
3
.
34
130
31
99
$9,273 00
25
05
196
REPORT OF THE
[Pub. Doc
Number of loans secured by first mortgage of real estate, . . .
22
Number of loans on s h a r e s ,....................................................................... ......
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member,...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : March 24.
$
2,000 00
50 00
275 01
1,248 59
Jan.,
July,
Jan.,
July,
Jan.,
July,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
N ov.,
M ay,
1886,
1886,
1887,
1887,
1888,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1
30
6
17
29
30
42
3
41
97
60
85
37
152
155
2
3
4
5
.
.
.
.
.
6
7
8
9
10
11
12
13
14
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
•
$101
92
84
75
67
59
54
46
39
32
25
18
12
6
•
15
75
01
51
27
27
13
59
29
26
45
84
38
10
Total
Value.
1Value per
I Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$3,034
556
1,428
2,189
2,018
2,489
162
1,910
3,811
1,935
2,163
697
1,881
945
50
50
17
79
10
34
39
19
13
60
25
08
76
50
Dues capital, as per general
ledger,
Profits capital, as per general ledger,
.
.“ .
Unpaid dues,
$22,345 00
2,719 80
845 on
186 00
$25,409 30
Total....................................
$25,409 30
No. 8.]
SAYINGS BANK COMMISSIONERS
TAUNTON
197
C O -O P E R A TIV E B A N K —TAU N TO N .
Incorporated March 2,1880.
Commenced business March 17,1880.
Capital to be accumulated, $1,000,000.
H . W . C o l b y , President.
H. O. M oe .s e , Secretary.
C h a r l e s F o s t e r , Treasurer.
Names of security committee:
D a n i e l Ca r e y ,
T homas B a k e r ,
Jo h n H . D a l g l i s h .
Regular meetings the first Tuesday after the fifteenth of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
$295,201 73
Dues capital, .
.
.
.
Profits capital (all series),
Interest.......................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Forfeited share account,
Advance payments,
$250,160 00
34,424 08
O
o
ccT
$266,100 00
Loans on real estate, .
14,650 00
Loans on shares, .
Permanent expense account,
237 87
498 69
Temporary expense account,
2,132 52
Suspense account,
Cash in hands of treasurer,
11,582 65
I
43
232 08
524
1,138
83
137
00
30
84
00
$295,201 73
Number of shares issued during the y e a r , .............................................981
Number of shares now in f o r c e , ...................................................... 6,377
Number of shares now borrowed u p o n , .....................................2,613
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 983
Number of shares retired during the y e a r , ............................................. 230
Amount of dues received during the y e a r , ......................................................$76,376 00
Highest premium received during the y e a r ,......................................................
05
Lowest premium received during the y e a r ,......................................................
05
Number of members withdrawn during the year,
.
. . .
56
Present number of members,........................................................................ 982
Present number bf b o r r o w e r s ,............................................................... 257
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
198
REPORT OF THE
[Pub. Doc.
. 725
Present number of n o n -b o r r o w e r s ,..................................... .
Number of loans secured by first mortgage of real estate, .
.
. 218
Number of loans on s h a r e s ,........................................................................ 96
Largest loan to any one m em ber,........................................................................ $5,000 00
Smallest loan to any one m e m b e r , ...............................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
974 15
Amount of profits credited to shares during the year, .
.
.
.
.
14,536 84
Date of examination by commissioner: November 11.
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
M ay,
1881,
1883,
1884,
1885,
1886,
1887,
1888,
1889,
1890,
1891,
1892,
2
4
5
6
7
8
9
10
11
12
13
11
140
123
243
475
426
580
987
1,113
1,364
915
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
¿ s
•
*
$193
149
129
110
92
75
60
45
31
18
6
*
16
10
09
28
58
94
23
45
52
39
00
Total
Value.
M
H®
Value per
Share.
D a te op
I s su e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$2,124
20,874
15,878
26,798
43,975
32,350
84,933
44,859
85,081
25,083
5,490
76
00
07
04
50
44
40
15
76
96
00
$287,449 08
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
.
.
Total,
.
.
.
.
$250,160 00
34,424 08
2,865 00
$287,449 08
No. 8.]
SAYINGS BANK COMMISSIONERS.
199
T R O Y CO -O P E R A TIV E B A N K — F A L L R IV E R .
Incorporated July 18, 1880.
Commenced business July 20, 1880.
Capital to be accumulated, $1,000,000.
J erome C. B o rden , President.
G eo. H. E d d y , Jr., Secretary.
G eo. H. E d d y , Jr., Treasurer.
Names of security committee:
J ohn M . Y oung ,
T homas D. Coved ,
A. H omer S k in n e r .
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$269,450 00
Loans on real estate, .
9,200 00
Loans on shares, .
100 00
Permanent expense account,
1,004 00
Unpaid dues,
664 50
Unpaid interest, .
50 77
Unpaid premiums,
47 76
Unpaid tines,
14,310 30
Cash in hands of treasurer,
«£>
Dues capital, .
.
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
Forfeited share account,
Advance payments,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
55
98
54
26
00
$294,827 33
$294,827 33
Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year, .
Number of shares matured during the year, .
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year, .
Present number of members.......................................
$247,222
44,905
1,291
838
30
479
2,231
7,384
1,768
. 25
1,077
. 24
. 47
. 67
.
189
1,059
$77,071 00
10
05
200
REPORT OF THE
[Pub. Doc,
Present number of borrowers,.....................................................
Present number of non-borrowers, .
.■
. 175
. 884
. 151
. 59
Number of loans secured by first mortgage of real estate, .
Number of loans on s h a r e s ,...............................................................
Largest loan to any one m e m b e r ,.....................................................
Smallest loan to any one m e m b e r , .............................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner : April 4.
$5,000
50
1,182
15,096
00
00
00
82
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1881,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
Total, .
46
53
43
49
71
44
68
50
103
97
168
162
133
226
358
241
565
370
655
456
699
651
1,192 '
884
•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
•
•
$204 95
192 22
179 96
168 17
156 84
145 88
135 33
125 21
115 41
105 99
96 88
88 08
79 55
71 27
63 23
55 46
47 91
40 58
33 49
26 60
19 91
13 42
7 12
1 00
•
Total
Value.
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Value per
Share.
D ate
I ssue.
N o. of
Shares.
op
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$9,427 70
10,187 66
7,738 28
8,240 33
11,135 64
6,418 72
9,202 44
6,260 50
11,887 23
10,281 03
16,275 84
14,268 96
10,580 15
16,107 02
22,636 34
13,365 86
27,069 15
15,014 60
21,935 95
12,129 60
13,917 09
8,736 42
8,487 04
884 00
• $292,187 55
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
.
.“
.
$247,222 00
44,965 55
'
•
Total,
.
.
.
.
$292,187 55
No. 8.]
201
SAVINGS BANK COMMISSIONERS.
VOLU NTEER
C O -O P E R A T IV E B A N K — BOSTON.
Incorporated Nov. 16, 1887.
Commenced business Jan. 1, 1888.
Capital to be accumulated, $1,000,000.
W
alter
C. S h a p l e i g h , President.
F. E. B u r b a n k , Secretary.
F. E. B u r b a n k , Treasurer, pro tem.
Names of security committee:
J o h n A. R
eed,
J a m e s A. C o o k ,
M. J. G i l l i s p i e ,
T h o m a s C. R i l e y .
Regular meetings the third Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$131,500 00
Loans on real estate, .
2,600 00
Loans on shares, .
208 04
Temporary expense account,
4,047 28
Real estate by foreclosure, .
1,579 37
Cash in hands of secretary,
13,138 19
Cash in hands of treasurer, .
$153,072 88
Dues capital, .
.
.
.
Profits capita^ (all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
Surplus,
.
.
.
.
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Cash over,
.
.
.
.
$136,406
13,141
2,339
243
104
1
265
215
56
289
8
00
42
78
90
83
00
44
00
82
84
85
$153,072 88
Number of shares issued during the year.......................................... 2,095
Number of shares now in f o r c e , ......................................................5,118
Number of shares now borrowed u p o n , .............................................818
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year...................................1,413
Number of shares forfeited during the year................................................32
Amount of dues received during the y e a r , ...................................................... $58,056 00
Highest premium received during the y e a r ,......................................................
25
Lowest premium received during the y e a r , ......................................................
05
Number of members withdrawn during the year,
.
.
.
.
160
Present number of members,........................................................................653
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
202
REPORT OF THE
[Pub. Doc.
Present number of b o r r o w e r s , ......................................................
Present number of n o n -b o r r o w e r s ,.............................................
Number of loans secured by first mortgage of real estate, .
.
Number of loans on s h a r e s ,...............................................................
Largest loan to any one m em ber,......................................................
Smallest loan to any one member,
.
.
.
.
.
.
Amount of expenses of the corporation for the year ending Oct. 31,
Amount of profits credited to shares during the year,; .
Date of examination by commissioner : March 8.
. 78
. 575
. 77
. 22
.
1892, .
.
.
$5,000
50
870
7,843
00
00
68
89
Jan.,
July,
Jan ,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
1
534
303
454
383
421
383
469
420
896
855
2
3
4
5
6
7
.
8
9
10
Dues paid in advance,
Total,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
#
$66
58
51
43
36
29
22
16
10
4
.
94
96
26
80
60
65
91
41
10
00
Total
Vaue.
Value per
Share.
N o. of
Shares.
D ate o r
I ssu e .
___
Series.
Reconciliation of Share Account with Dues and Profits Capital
$35,745
17,864
23,272
16,775
15,408
11,355
10,744
6,892
9,049
3,420
96
88
04
40
60
95
79
20
60
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$136,406 00
13,141 42
U5Q4 00
522 00
$151,051 42
Total,
.
.
.
.
$151,051 42
No. 8.]
SAYINGS BANK COMMISSIONERS.
203
W A K E F IE L D C O -O P E R A TIV E B A N K — W A K E F IE L D .
Incorporated Jan. 31, 1887.
Commenced business March 5, 1887.
Capital to be accumulated, $1,000,000.
A k l o n S . A t h e r t o n , President.
H a r r y F o s t e r , Secretary.
H a r r y F o s t e r , Treasurer.
Names of security committee:
E verett W . E aton,
H orace G o w in g ,
R ic h a r d S . S tout,
Jo h n L e m m a n ,
R og er H o w a r d .
Regular meetings the first Saturday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$108,400 00
Loans on shares, .
6,950 00
Permanent expense account,
80 00
Unpaid interest, .
256 00
Unpaid premiums,
31 20
Unpaid fines,
30 28
Cash in hands of treasurer,.
11,847 92
Dues capital, .
.
.
.
Profits capital (all series), .
Surplus,....................................
Guaranty fund,
$127,595 40
Number of shares issued during the year,
.
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year, .
Amount of dues received during the year, .
.
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year, .
Present number of members.......................................
Present number of borrowers,
. * .
Present number of non-borrowers,
. . .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$111,781
15,077
506
230
00
91
49
00
$127,595 40
1,045
3,675
786
25
583
125
.
.
83
568
131
437
$44,343 00
15
05
204
REPORT OF THE
[Pub. Doc.
Number of loans secured by first mortgage of real estate, . . .
88
Number of loans on s h a r e s ,....................................................................... 53
Largest loan to any one m em ber,........................................................................
Smallest loan to any one member,.......................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : June 28.
$4,400
50
381
7,310
00
00
10
03
Mar.,
May,
Nov.,
M ay,
N ov.,
M ay,
N ov.,
May,
N ov.,
M ay,
N ov.,
M ay,
1887,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1
.
5
177
132
173
258
165
6
222
7
268
387
461
495
463
474
2
3
4
.
.
8
9
.
10
11
12
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$83
80
71
63
55
47
40
32
25
18
12
13
23
68
34
29
52
01
75
73
96
43
6 11
.
Total
Value.
Value per
Share.
D ate oe
I ssue .
No of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$14,714
10,590
12,400
16,341
9,122
10,549
10,722
12,674
11,861
9,385
5,755
2,896
01
36
64
72
85
44
68
25
53
20
09
14
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
.
$111,781 00
15,077 91
638 00
«
483 00
$127,496 91
Total,
.
.
.
.
$127,496 91
No. 8.]
205
SAYINGS BANK COMMISSIONERS.
W A L T H A M C O -O P E R A TIV E B A N K — W A L T H A M .
Incorporated Oct. 13, 1880.
Commenced business Oct. 20, 1880.
Capital to be accumulated, $1,000,000.
F rancis B u ttr ick , President.
D an iel F. V il e s , Secretary.
D a n ie l F . V il e s , Treasurer.
Names of security committee:
E d w a r d P. Sm it h ,
F rancis B u ttr ick ,
A lf red M. G oodale .
Regular meetings the third Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
1
A ssets.
L ia b il it ie s .
$660,950 00
Loans on real estate, .
5,900 00
Loans on shares, .
117 48
Real estate account, .
1,658 00
Unpaid interest, .
263 70
Unpaid premiums,
210 30
Unpaid lines,
10,348 58
Cash in hands of treasurer,.
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
Surplus.......................................
Guaranty fund,
Outstanding bills, temporary
expense account,
$679,448 06
Number of shares issued during the year, .
Number of shares now in force, .
.
.
.
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year, .
Number of shares forfeited during the year,
Number of shares matured during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$556,190
109,761
4,253
685
294
1
2,744
5,300
00
07
50
07
33
25
71
00
218 13
$679,448 06
4,970
16,408
3,648
. 25
3,352
8
.
283
$189,487 00
20
05
. 435
2,514
206
REPORT OF THE
[Pub. Doc.
Present number of b o r r o w e r s , ..................................................................518
Present number of n o n -b o r r o w e r s ,...................................................... 1,996
Number of loans secured by first mortgage of real estate, .
.
. 487
Number of loans on shares..................................................................................31
Largest loan to any one m em ber,........................................................................ $5,000 00
Smallest loan to any one m e m b e r , ...............................................................
50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
2,854 93
Amount of profits credited to shares during the year........................................
43,577 85
Date of examination by commissioner: February 4.
O ct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,.
April,
Oct.,
April,
Oct.,
April,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
Jan.,
April,
July,
Oct.,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1890,
1890,
1891,
1891,
1891,
1891,
1892,
1892,
1892,
1892,
61
85
115
141
163
174
200
244
183
364
396
454
450
870
635
875
751
550
641
699
776
724
915
699
973
939
1,190
1,077
1,064
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$199
186
174
162
150
139
129
119
109
99
90
81
72
64
56
48
41
37
33
30
26
23
20
16
13
10
7
4
1
.
08
41
18
36
94
95
34
08
17
60
35
41
77
43
37
58
06
40
80
26
78
36
00
69
45
25
12
03
00
Total
Value.
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
Value per
Share.
N o . of
Shares.
D ate of
I ssu e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$12,143
15,844
20,030
22,892
24,603
24,351
25,868
29,055
19,978
36,254
35,778
36,960
32,746
56,054
35,794
42,507
30,836
20,570
21,665
21,151
20,781
16,912
18,300
11,666
13,086
9,624
8,472
4,340
1,064
88
85
70
76
22
30
00
52
11
40
60
14
50
10
95
50
06
00
80
74
28
64
00
31
85
75
80
31
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$556,190 00
109,761 07
3,910 00
524 00
$669,861 07
Total,
.
.
.
.
$669,861 07
No. 8.]
SAYINGS BANK COMMISSIONERS.
207
W A T E R T O W N CO -O P E R A TIV E B A N K — W A T E R T O W N .
Incorporated June 5, 1888.
Commenced business June 28, 1888.
Capital to be accumulated, $1,000,000.
C h arles B r ig h a m , President.
S am uel S. G leason , Secretary.
S am uel S. G leason , Treasurer.
Names of security committee:
J ames H. N orcross,
H orace W . Otis ,
S amuel S. G leason .
Regular meetings the fourth Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Suspense account,
Cash in hands of treasurer,
$83,765
5,514
17
143
12,880
00
00
80
28
78
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
85
61
65
59
75
469 82
106 85
77 74
$102,320 86
$102,320 86
Number of shares issued during the y e a r , ....................................
Number of shares now in f o r c e , ......................................................
Number of shares now borrowed upon,.............................................
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
.
.
.
.
Number of shares retired during the year..........................................
Amount of dues received during the y e a r , ....................................
Highest per centum of interest received during the year: G jtrLowest per centum of interest received during the year: 6 ^-.
Number of members withdrawn during the year,.
.
.
.
Present number of members,...............................................................
$91,976
7,193
2,205
229
60
1,016
3,374
704
25
459
98
.
54
376
$40,971 00
208
REPORT OF THE
Present number of borrowers,
Present number of non-borrowers,
Number of loans secured by first mortgage of real estate,
Number of loans on shares, .
Largest loan to any one member, .
.
.
.
Smallest loan to any one member,....................................
[Pub. Doc.
\
. 63
. 313
. 42
. 21
.
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
, ,
Date of examination by commissioner : February 23.
$4,000
25
480
4,649
00
00
13
35
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
1
2
4
5
6
7
.
8
9
Dues paid in advance,
Total, .
472
270
195
262
502
306
446
642
279
3
.
*
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$59
52
44
37
30
23
17
11
5
55
01
67
55
64
93
42
11
00
Total
Value.
Value per
Share.
D ate of
I ssue .
No. of
Shares.
Series.
Reconciliation of Share Account with Dices and Profits Capital.
$28,107
14,042
8,710
9,838
15,381
7,322
7,769
7,132
1,395
60
70
65
10
28
58
32
62
00
-
154 00
•
$99,853 85
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per gen
eral ledger,
.
s
Unpaid dues,
.
.
Total,
1
.
$91,976 00
7,193 85
684 00
$99,853 85
No. 8.]
209
SAYINGS BANK COMMISSIONERS
W EBSTER
C O -O P E R A T IV E
Incorporated Aug. 2, 1889.
BAN K — W EBSTER.
Commenced business Aug. 8, 1889.
Capital to be accumulated, $1,000,000.
L. E . P attison , President.
C. M. N a s h , Secretary.
C. M. N a s h , Treasurer.
Names of security committee :
L. E . P attison ,
J ohn J. L ove ,
F. A. U ph a m .
Regular meetings the second Thursday of each month.
Balance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,
$20,600 00
400 00
100 00
99 00
24 00
1 20
9 32
291 59
$21,525 11
Dues capital..............................
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
Fines...........................................
Surplus,....................................
Guaranty fund,
Withdrawal profits,
.
$19,923
1,165
303
20
8
34
60
9
$21,525 11
Number of shares issued during the y e a r , ............................................. 324
Number of shares now in f o r c e , ...............................................................917
Number of shares now borrowed upon,......................................................123
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the year...........................................78
Amount of dues received during the y e a r , ...................................................... $9,383 00
Highest per centum of interest received during the year: 10.
Lowest per centum of interest received during the year: 5.
Number of members withdrawn during the year,.................................... 22
Present number of members,............................................................................144
Present number of b o r r o w e r s , ................................................................... 26
Present number of non-borrowers.................................................................... 118
Number of loans secured by first mortgage of real estate, . . .
22
Number of loans on s h a r e s ,............................................................................... 4
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
13
50
90
16
57
00
85
210
REPORT OF THE
[Pub. Doc.
Largest loan to any one member............................................................................$1,700
Smallest loan to any one member,........................................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : February 2.
00
100 00
165 00
772 19
A ug.,
Feb.,
A u g.,
Feb.,
A u g .,
Feb.,
A u g .,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
1
281
33
124
55
100
169
155
2
3
.
4
.
5
6
7
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$41
35
28
21
15
9
3
.
.
94
09
38
80
38
10
00
Total
Value.
Value per
Share.
D ate of
I ssue .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$11,785
1,157
3,519
1,199
1,538
1,537
465
14
97
12
00
00
90
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$19,923 00
1,165 13
234 00
120 00
Total....................................
$21,322 13
No. 8.]
211
SAVINGS BANK COMMISSIONERS.
W E IR
C O -O P E R A T IV E B A N K — T A U N T O N .
Incorporated July 11, 1884.
Commenced business July 16, 1884.
Capital to be accumulated, $1,000,000.
S y l v a n u s N. S t a p l e s , President.
A l b e r t H. T e t l o w , Secretary.
T . P r e st o n B u r t , Treasurer.
y
Names of security committee:
Ch as. H . P au ll,
H e r b e r t M . Staple s,
G e o . E. W
il b u r .
Regular meetings the sixteenth day of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
$168,100 00
Loans on real estate, .
6,600 00
Loans on shares, .
133 50
Temporary expense account,
1,405 02
Real estate by foreclosure, .
Unpaid interest, .
483 00
25 15
Unpaid premiums,
49 44
Unpaid fines,
Maverick National Bank, .
2,026 02
Cash in hands of treasurer,
13,014 84
Dues capital, .
.
.
.
Profits capital (all series), .
Interest......................................
Premiums,
.
.
.
.
Fines...........................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Advance payments,
R e n t s , ....................................
$191,836 97
Number of shares issued during the y e a r , .............................................427
Number of shares now in f o r c e , ......................................................3,416
Number of shares now borrowed upon,............................................ 1,116
Largest number of shares held by any one member................................. 25
Number of shares withdrawn during the y e a r , .................................... 522
Number of shares retired during the year.................................................. 69
Amount of dues received during the y e a r , ......................................................
Highest premium received during the year, ......................................................
Lowest premium received during the year...........................................................
Number of members withdrawn during the year,
.
.
.
.
46
Present number of members,........................................................................452
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$161,290
23,226
3,327
182
91
1
3,180
510
24
3
00
05
00
55
73
25
14
00
85
40
$191,836 97
$41,577 00
05
05
212
REPORT OF THE
[Pub. Doc
......................................................
Present number of borrowers,
Present number of non-borrowers........................................................
. 297
Number of loans secured by first mortgage of real estate, .
.
. 129
Number of loans on s h a r e s ,...............................................................
. 26
Largest loan to any one m em ber,......................................................
.
#
Smallest loan to any one m e m b e r , .............................................
,
,
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner: February 9.
$3,600
50
434
7,534
00
00
08
32
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
Jan ,
July,
Jan.,
July,
Jan.,
July,
Jan.,
July,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
125
163
47
155
209
229
$125
115
106
98
89
81
73
65
57
50
43
36
29
22
16
210
266
285
116
276
129
229
385
224
183
185
•
Total
Value.
Value per
Share.
N o. of
Shares.
D ate o r
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
17
99
90
09
51
19
11
25
64
23
05
08
30
73
35
10 11
4 00
•
•
$15,646
18,906
5,024
15,203
18,707
18,592
15,353
17,356
16,427
5,826
11,881
4,654
6,709
8,751
3,662
1,850
740
25
37
30
95
59
51
10
50
40
68
80
32
70
05
40
13
00
• $185,294 05
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
.
Total,
.
.
.
.
$161,290 00
23,226 05
778 00
$185,294 05
No. 8.]
SAYINGS BANK COMMISSIONERS.
W E S T F IE L D
213
CO -O P E R A TIV E B A N K — W E S T F IE L D .
Incorporated Dec. 13, 1881.
Commenced business Dec. 19, 1881.
Capital to be accumulated, $1,000,000.
M oses P. B r e c k .enk .i d g e , President.
O l in C. T o w l e , Secretary.
O l in C. T o w l e , Treasurer.
Names of security committee:
A ugu stu s W . H o lton ,
S u m n e r B . Ca m p b e l l ,
E d w in D. A v e r t .
Regular meetings the third Monday of each month.
B alance Sheet , October 31, 1892.
L ia b il it ie s .
A ssets.
$153,176 06
Loans on real estate, .
7,326 75
Loans on shares, .
150 00
Permanent expense account,
3 30
Temporary expense account,
1,545
97
Cash in hands of treasurer,
Dues capital, .
.
.
Profits capital (all series), .
Interest,....................................
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Forfeited share account,
Suspense account, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
50
20
25
59
89
56
89
20
$162,202 08
$162,202 08
.
Number of shares issued during the year, .
.
Number of shares now in force..........................................
Number of shares now borrowed upon,
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year, .
Highest per centum of interest received during the year: 6.
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year,
Present number of members,.............................................
Present number of b o r r o w e r s ,....................................
Present number of non-borrowers,
.
.
.
.
$137,268
22,353
1,472
32
47
863
163
.
.
1,026
3,466
1,304
. 25
. 650
$42,684 68
. 89
. 530
.
202
. 328
214
REPORT OF THE
[Pub. Doc.
Number of loans secured by first mortgage oi real estate, .
.
. 142
Number of loans on s h a r e s ,........................................................................60
Largest loan to any one member............................................................................$2,800 00
Smallest loan to any one m e m b e r , ...............................................................
5 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
509 15
Amount of profits credited to shares during the y e a r ,....................................
7,768 32
Date of examination by commissioner: September 20.
D ec.,
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
Dec.,
.Tune,
D ec.,
June,
D ec.,
June,
Dec ,
June,
D ec.,
June,
Dec.,
June,
1881,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
.
.
.
.
.
.
.
.
117
94
34
51
15
83
44
47
35
163
69
198
95
267
143
140
171
360
324
548
478
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$175
154
144
135
125
116
107
98
90
82
74
66
58
51
44
37
30
23
17
11
5
.
•
.
•
•
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
Value per
Share.
N o. of
Shares.
Date of
Issue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
80
90
90
14
78
43
60
92
44
17
21
41
79
41
23
26
42
81
38
10
00
$20,568
14,560
4,926
6,892
1,886
9,663
4,734
4,649
3,165
12,572
5,120
13,149
5,585
13,726
6,324
5,216
5,201
8,571
5,631
6,082
2,390
60
60
60
14
70
69
40
24
40
01
49
18
05
47
89
40
82
60
12
80
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$137,268 50
22,353 20
1,075 50
78 00
* $160,697 20
Total....................................
$160,697 20
No. 8.]
215
SAYINGS BANK COMMISSIONERS
W EST NEW TON
C O -O P E R A TIV E
BANK — W EST
NEW TON.
Incorporated June 16, 1892.
Commenced business June 22, 1892.
Capital to be accumulated, $1,000,000.
M arcus M orton, President.
A rthur Carroll , Secretary.
R obert B ennett, Treasurer.
Names of security committee:
C. M. W hittlesey ,
H enry H. H unt,
H erbert S. W are .
Regular meetings the fourth Wednesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Temporary expense account,
Cash in hands of treasurer, .
$1,500 00
; 10 00
470 68
Dues capital, .
.
.
.
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
75
75
18
$1,980 68
$1,980 68
Number of shares issued during the year,
.
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon, .
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Amount of dues received during the year, .
Highest premium received during the year, .
.
Lowest premium received during the year, .
Number of members withdrawn during the year,
Present number of members,....................................
Present number of borrowers,
.
.
.
.
Present number of non-borrowers, .
.
.
.
$1,943
33
1
2
. 402
. 401
8
. 25
1
$1,946 00
05
05
.
1
.
.
1
55
216
REPORT OF THE
[Pub. Doc.
Number of loans secured by first mortgage of real estate, . . .
1
Largest loan to any one m e m b e r,....................................................................... $1,500 00
Smallest loan to any one member,.......................................................................
1,500 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
10 00
Total
Value.
1
Value per
Share.
June, 1892,
N o. of
Shares.
Date op
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
401
$5 00
$2,005 00
T o t a l , ................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$2,005 00
Dues capital, as per general
ledger,
.
.
.
.
Unpaid dues,
$1,943 00
62 00
Total....................................
$2,005 00
No. 8.]
217
SAYINGS BANK COMMISSIONERS.
W E S T R O X B U R Y C O -O P E R A T IV E B A N K — BOSTON.
Incorporated Feb. 1, 1881.
Commenced business March 3, 1881.
Capital to be accumulated, $1,000,000.
John P earce , President.
B enjamin H. Jones, Secretary.
E dward M. B rewer , Treasurer.
Names of security committee:
E dward M. B rewer ,
R . S. B arrows ,
H enry A. W ood.
Regular meetings the first Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
$142,500 00
Loans on real estate, .
18,700 00
Loans on shares, .
50 00
Rent account,
763 00
Unpaid dues,
.
.
190 24
Unpaid interest, .
29 24
Unpaid fines,
Meriden, Conn., 6 per cent.
5.000 00
bonds,
.
.
.
.
Cleveland, Ohio, 5 per cent.
7.000
00
bonds,
.
.
.
.
13,890 47
Cash in hands of treasurer,
Dues capital, .
.
.
Profits capital (all series), .
Surplus.......................................
Guaranty fund,
Forfeited share account,
Advance dues,
.
.
.
.
Number of shares now in force....................................................
Number of shares now borrowed upon......................................
Largest number of shares held by any one member,
.
•
Number of shares withdrawn during the year,
Number of shares forfeited during the year.............................
Number of shares retired during the year.................................
Amount of dues received during the year, .
.
.
.
Highest per centum of interest received during the year: 6^.
Lowest per centum of interest received during the year: 6.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
74
91
22
08
00
$188,122 95
$188,122 95
Number o f shares issued during the year,
$157,600
28,089
872
1,273
38
249
1,199
4,178
1,335
25
848
8
28
.
$49,667 00
218
REPORT OF THE
[Pub. Doc.
Number of members withdrawn daring the year,
.
.
.
.
80
Present number of m em bers,..........................................................................501
Present number of b o r r o w e r s , .................................................................. 128
Present number of non-borrowers,................................................................. 373
Number of loans secured by first mortgage of real estate, . . .
70
Number of loans on s h a r e s ,............................................................................58
Largest loan to any one m em ber,........................................................................$5,000 00
Smallest loan to any one m e m b e r , ...............................................................
50 00
Amount of expenses of the corporation for the year ending Oct 31, 1892, .
888 64
9,675 60
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : April 1.
Mar., 1881,
Sept., 1881,
Mar., 1882,
Sept , 1882,
Mar., 1883,
N ov., 1883,
May, 1884,
N ov., 1884,
May, 1885,
N ov., 1885,
M ay, 1886,
N ov., 1886,
May, 1887,
Nov., 1887,
May, 1888,
N ov., 1888,
May, 1889,
N ov., 1889,
M ay, 1890,
N ov., 1890,
May, 1891,
N ov., 1891,
M ay, 1892,
.
.
.
.
.
.
.
.
.
.
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
10
18
28
9
99
51
5
19
30
144
67
168
97
125
256
202
281
306
360
386
422
532
563
$202
191
180
169
158
144
134
123
114
104
95
87
78
70
62
54
46
39
32
25
18
12
6
•
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Value per
Share.
N o. of
Shares.
D ate of
Issue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
96
42
20
12
24
36
04
96
28
92
80
00
40
12
08
32
80
52
44
56
88
40
10
$2,029
3,445
5,045
1,522
15,665
7,362
670
2,355
3,428
15,108
6,418
14,616
7,604
8,765
15,892
10,972
13,150
12,093
11,678
9,866
7,967
6,596
3,434
60
56
60
08
76
36
20
24
40
48
60
00
80
00
48
64
80
12
40
16
36
80
30
• $185,689 74
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Total,
.
.
.
.
$157,600 00
28,089 74
$185,689 74
No. 8.]
219
SAYINGS BANK COMMISSIONERS
W EST
S O M E R V IL LE
W EST
C O -O P E R A T IV E B A N K —
SO M ER VIL LE .
Incorporated Nov. 29, 1890.
Commenced business Dec. 11,1890.
Capital to be accumulated, $1,000,000.
E lmer H. Capen , President.
Oliver H. P erry , Secretary.
Oliver H. P erry , Treasurer.
Names of security committee:
L. E. Merry ,
C. L. Stevens,
E. S. Sparrow .
Regular meetings the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Unpaid tines,
Cash in hands of treasurer,.
$31,100
956
100
14
3,032
00
00
00
06
28
Dues capita], .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
85
46
45
22
76
72
00
8 88
$35,202 34
$35,202 34
Number of shares issued during the year,
.
.
.
.
Number of shares now in f o r c e , .............................................
Number of shares now borrowed upon,
.
.
.
.
Largest number of shares held by any one member, .
Number of shares withdrawn during the year,
Amount of dues received during the year,
.
.
.
.
Highest per centum of interest received during the year: 6 ^ .
Lowest per centum of interest received during the year: 6
Number of members withdrawn during the year, .
Present number of members........................................................
$33,464
1,482
172
13
3
30
16
10
1,135
2,444
. 261
. 25
. 249
.
. 49
. 272
$23,350 00
220
REPORT OF THE
[Pub. Doc.
Present number of b o r r o w e r s , .................................................................... 27
Present number of non-borrowers,.................................................................. 245
Number of loans secured by first mortgage of real estate, . . .
16
Number of loans on s h a r e s ,............................................................................. 11
Largest loan to any one m em ber,........................................................................$3,000 00
Smallest loan to any one member,.......................................................................
14 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
48 00
1,299 17
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : March 7.
D ec.,
April,
Oct.,
April,
Oct.,
1890,
1891,
1891,
1892,
1892,
699
449
313
698
285
1
.
.
.
.
2
3
4
5
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
.
$24
19
13
7
29
86
40
10
1 00
.
Total
Value.
Value per
Share.
D ate op
I ssue.
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$16,978
8,917
4,194
4,955
285
71
14
20
80
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
.
. .
$33,464 00
1,482 85
482 00
98 00
$35,428 85
Total....................................
$35,428 85
No. 8.]
SAYINGS BANK COMMISSIONERS.
W H IT M A N
221
C O -O P E R A T IV E B A N K — W H IT M A N .
Incorporated March 6, 1889.
Commenced business March 11, 1889.
Capital to be accumulated, $1,000,000.
A mos S. Stetson, President.
George D. Soule, Secretary.
George D. Soule, Treasurer. *
Names of security committee :
A rthur Coleman,
Charles D. Nash ,
G eorge D. Soule.
Regular meetings the second Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Cash in hands of treasurer,.
L ia b il it ie s .
$36,259
1,000
90
16
609
00
00
00
61
67
$37,975 28
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
Premiums,
.
.
.
.
F i n e s , ....................................
Surplus,....................................
Guaranty fund,
Withdrawal profits,
$34,780
2,749
332
2b
00
03
36
25
28
27 32
42 58
15 46
$37,975 28
Number of shares issued during the y e a r , ............................................. 484
Number of shares now in f o r c e , ............................................................... 1,514
Number of shares now borrowed u p o n , ................................................ 258
Largest number of shares held by any one member, .
.
.
.2 5
Number of shares withdrawn during the y e a r , ....................................... 352
Amount of dues received during the y e a r , ..................................................... $16,280 00
Highest premium received during the y e a r ,......................................................
30
Lowest premium received during the y e a r , ......................................................
05
Number of members withdrawn during the year,
.
.
.
.
49
Present number of members,...........................................................................270
Present number of b o r r o w e r s , ................................................................... 42
Present number of non-borrowers,.................................................................. 228
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
222
REPORT OF THE
[Pub. Doc.
Number of loans secured by first mortgage of real estate, . . .
34
Number of loans on s h a r e s ,........................................................................8
Largest loan to any one m em ber,........................................................................ $4,400 00
Smallest loan to any one member,........................................................................
.50 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
185 70
Amount of profits credited to shares during the year.......................................
1,847 51
Date of examination by commissioner : "March 22.
Mar.,
Sept ,
Mar.,
Sept ,
Mar.,
S e p t,
Mar.,
Sept.,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
1
2
3
4
Ô
6
7
8
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
248
112
228 ‘
152
225
127
227
195
.
$48
41
34
27
20
14
8
2
.
97
63
53
63
92
42
11
00
Total
Value.
Value per
Share
D a t e of
I ssu e .
N o. of
Shares.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$12,144
4,662
7,872
4,199
4,707
1,831
1,840
390
56
56
84
76
00
34
97
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$34,780 00
2,749 03
270 00
150 00
$37,799 03
Total,
.
.
.
.
$37,799 03
No. 8.]
SAYINGS BANK CO M M ISSIO N ED
W I N CH END ON
C O -O P E R A T IV E
Incorporated Sept. 9,1891.
223
B A N K — W IN C H END ON.
Commenced business Sept. 16, 1891.
Capital to be accumulated, $1,000,000.
F r e d e r i c k W . R u s s e i x , President.
W a l d o C . C o r e y , Secretary.
S i l a s A . G r e e n w o o d , Treasurer.
Names of security committee:
W m . T. C u m m i n g s ,
A m o s S. L a m b ,
B e n j . M. W r i g h t .
Regular meetings the third Wednesday of each month.
B a l a n c e Sh e e t , O c to b er
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid interest, .
Unpaid premiums,
.
Unpaid tines,
Cash in hands of treasurer, .
31, 1892.
$10,800
200
150
4
6
1
3
689
00
00
00
25
00
20
51
68
$11,854 64
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
Fines,
.
.
Transfer fees,
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
-
$11,369
278
116
18
3
43
17
6
1
$11,854 64
Number of shares issued during the y e a r , .............................................373
Number of shares now in f o r c e , ...............................................................990
Number of shares now borrowed u p o n , ............................................. 80
Largest number of shares held by any one member, .
.
.
.
25
Number of shares withdrawn during the y e a r , .................................... 52
Number of shares forfeited during the y e a r , ....................................7
Amount of dues received during the year............................................................ $10,480 00
Highest per centum of interest received during the year: 7 ^ .
Lowest per centum of interest received during the year: 6 A-.
Number of members withdrawn during the year,.................................... 25
Present number of m e m b e r s , ............................................................... 245
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
38
05
75
47
25
23
62
06
83
224
REPORT OF THE
[Pub. Doc.
o
o
CO
Present number of b o r r o w e r s , ......................................................
. 10
Present number of non-borrowers,......................................................
. 235
Number of loans secured by first mortgage of real estate, .
.
10
Number of loans on s h a r e s ,...............................................................
.
1
# ,
Largest loan to any one m em ber,......................................................
Smallest loan to any one m e m b e r , .............................................
. ,
Amount of expenses of the corporation for the year endiDg Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
,
.
.
Date of examination by commissioner : September 7.
00
200 00
96 50
287 48
I 72
1
2
3
671
234
85
$14 38
8 10
2 00
Sept., 1891,
M ar., 1892,
Sept., 1892,
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
•
Total
Value.
«M £
° cä
•,q
Vaiueper
Share.
D ate of
I ssu e .
Series.
Reconciliation of Share Account with Rues and Profits Capital.
•
$9,648 98
1,895 40
170 00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$11,369 00
278 38
98 00
31 00
Total.....................................
$11,745 38
No. 8.]
225
SAYINGS BANK COMMISSIONERS.
W O B U R N C O -O P E R A TIV E B A N K — W O B U R N .
Incorporated Fel>. 21, 1887.
Commenced business March 10, 1887.
Capital to be accumulated, $1,000,000.
A. W . W
J a m e s S k i n n e r , President.
A. W . W
h it c h e r ,
h it c h e r ,
Secretary.
Treasurer.
Names of security committee:
G eorge B u c h a n a n ,
L aw rence R eade,
S. B. G o d d a r d ,
J. W . H a m m o n d ,
T h o m as Sa l m o n .
Regular meetings the second Thursday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares,.
Temporary expense account,
Unpaid interest, .
Unpaid premiums,
Unpaid fines,
Cash in hands of treasurer,
$98,725
2,484
91
332
29
41
4,126
00
50
66
31
15
50
80
Dues capital, .
.
.
.
Profits capital (all series), .
Interest, .
.
.
.
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees,
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
79
68
45
10
75
35
46
61
73
$105,830 92
$105,830 92
Number of shares issued during the year,
Number of shares now in force,
.
.
.
.
Number of shares now borrowed upon,.
(.
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares retired during the year, .
Amount of dues received during the year,
Highest premium received during the year, .
Lowest premium received during the year, .
Number of members withdrawn during the year,
$92,134
11,368
368
27
2
1
1,417
363
36
110
. 693
2,896
. 659
. 25
. 477
. 91
.
.
.
57
$33,985 00
25
05
226
REPORT OF THE
[Pub. Doc.
Present number of members,............................................................................456
Present number of borrowers.............................................................................103
Present number of n o n -b o r r o w e r s ,..........................................................353
Number of loans secured by first mortgage of real estate, .
.
. 109
Number of loans on s h a r e s ,............................................................................. 15
Largest loan to any one member, .
.
.
.
.
.
.
.
$4,000 00
Smallest loan to any one member,.......................................................................*
' 38 00
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
553 43
Amount of profits credited to shares during the y e a r ,....................................5,913 13
Date of examination by commissioner : February 26.
M ar.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
Oct.,
A p r.,
O ct.,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
314
181
164
164
236
317
152
108
386
285
428
161
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$80
70
63
55
47
40
33
26
19
13
7
1
61
99
03
28
78
49
40
53
87
39
10
00
Total
Value.
1
2
3
4
5
6
7
8
9
10
11
12
Value per
Share.
N o. of
Shares.
D a te op
I ssu e .
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$25,311
12,849
10,336
9,065
11,276
12,835
5,076
2,865
7,669
3,816
3,038
161
54
19
92
92
08
33
80
24
82
15
80
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
.
$92,134 00
11,368 79
986 00
186 00
$104,488 79
Total.....................................
$104,488 79
No. 8.]
227
SAYINGS BANK COMMISSIONERS.
W O L L A S T O N C O -O P E R A T IV E
Incorporated April 8, 1889.
B A N K — Q U IN C Y .
Commenced business April 16, 1889.
Capital to be accumulated, $1,000,000.
W e n d e l l G . C o r t h e l l , President.
H e r b e r t W . P i n k h a m , Secretary.
H e r b e r t W . P i n k h a m , Treasurer.
Names of security committee:
H e r b e r t T. W h i t m a n ,
A lbert
Q u in c y A . F a u n c e ,
G. Oln ey.
Regular meetings the third Tuesday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans on real estate, .
Loans on shares, .
Permanent expense account,
Temporary expense account,
Unpaid fines,
Cash in hands of treasurer,.
$55,550
3,375
100
27
17
5,640
00
00
00
55
84
57
$64,710 96
Dues capital, .
.
.
.
Profits capital (all series), .
Interest,....................................
Premiums,
.
.
.
.
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Withdrawal profits,
$59,114
5,150
165
14
00
02
70
10
25
131 95
120 00
14 94
$64,710 96
Number of shares issued during the y e a r , ............................................. 772
Number of shares now in f o r c e , ...................................................... 2,607
Number of shares now borrowedu p o n , .................................................. 458
.
.
.
25
Largest number of shares held by any one member, .
Number of shares withdrawn during the year........................................... 386
Amount of dues received during the y e a r , ...................................................... $27,677 00
Highest premium received during the year, .
..............................................
35
Lowest premium received during the y e a r , .......................................................
05
Number of members withdrawn during the year,.................................... 67
Present number of members,........................................................................... 328
Present number of b o r r o w e r s , .................................................................... 45
Present number of n o n -b o r r o w e r s ,..........................................................283
Number of loans secured by first mortgage of real estate, . . .
44
Number of loans on shares, .
.
.
»............................................. 18
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
228
REPORT OF THE
[Pub. Doc
Largest loan to any one member, .
.
.
.............................................
Smallest loan to any one m e m b e r , ...............................................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the y e a r ,....................................
Date of examination by commissioner : May 6.
$4,650
50
495
3,160
00
00
90
33
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
573
253
225
208
294
329
473
252
1
2
3
4
5
6
7
8
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$48
40
33
26
19
13
7
Total
Value.
Value per
Share.
op
I ssue .
N o. of
Shares.
D ate
Series.
Reconciliation of Share Account with Dues and Profits Capital.
03
67
53
60
89
39
10
1 00
19
51
25
80
66
31
30
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$59,114 00
5,150 02
666 00
179 00
.
•
$27,521
10,289
7,544
5,532
5,847
4,405
3,358
252
*
•
*
$64,930 02
Total.....................................
$64,930 02
No. 8.]
229
SAYINGS BANK COMMISSIONERS.
W ORCESTER
C O -O P E R A T IV E B A N K — W O R C E S T E R .
Incorporated Oct. 19, 1877.
Commenced business Oct. 19, 1877.
Capital to be accumulated, $1,000,000.
S t e p h e n C. E a r l e , President.
T. J. H a s t i n g s , Secretary.
T. J. H a s t i n g s , Treasurer.
Names of security committee:
H en ry B rannon,
M . S. B e a m a n ,
H . H . B ig e l o w .
Regular meetings the third Monday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
A ssets.
L ia b il it ie s .
Loans on real estate, .
$393,440 00
Loans on shares, .
18,970 00
Temporary expense account,
120 71
26,902 80
Real estate by foreclosure, .
29,318 38
Cash in hands of treasurer,
Dues capital, .
.
.
.
Profits capital (all series),
Interest,....................................
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
$388,117
73,315
185
109
- 3
4,686
2,100
235
$468,751 89
Number of shares issued during the year,
Number of shares now in f o r c e , ....................................
Number of shares now borrowed upon,
Largest number of shares held by any one member,
N umber of shares withdrawn during the year,
Number of shares forfeited during the year, .
Number of shares retired during the year,
Number of shares matured during the year,.
Amount of dues received during the year,
Highest per centum of interest received during the year:
Lowest per centum of interest received during the year: 6.
Number of members withdrawn during the year, .
Present number of members................................................
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
00
36
20
44
00
24
00
65
$468,751 89
2,623
>
10,100
2,487
. 25
2,080
.
12
. 103
.
68
.
. 246
1,162
$115,393 00
230
REPORT OF THE
[Pub. Doc.
Present number of b o r r o w e r s ,......................................................
. 275
Present number of non-borrowers........................................................
. 887
Number of loans secured by first mortgage of real estate, .
. 251
Number of loans on s h a r e s ,...............................................................
. 95
Largest loan to any one m em ber,......................................................
.
Smallest loan to any one m e m b e r , .............................................
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
.
,
Date of examination by commissioner : May 5.
$5,000
50
1,595
24,935
00
00
51
08
Oct.,
Oct.,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
April,
Oct.,
A p ril,
O ct.,
A p ril,
Oct.,
April,
Oct.,
April,
Oct.,
A p ril,
Oct.,
1881,
1882,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
78
104
78
229
279
129
303
297
361
316
401
351
521
566
637
835
722
806
1,087
1,147
853
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
•
$193
169
147
136
126
116
106
97
88
79
71
63
55
47
40
33
26
19
13
7
1
•
24
51
19
56
30
38
78
48
54
82
43
30
43
81
48
39
52
86
39
10
00
Total
Value.
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Value per
Share.
N o. of
Shares.
D ate op
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
$15,072
17,629
11,480
31,272
35,237
15,013
32,354
28,951
31,962
25,223
28,643
22,218
28,879
27,060
25,785
27,880
19,147
16,007
14,554
8,143
853
72
04
82
24
70
02
34
56
94
12
43
30
03
46
76
65
44
16
93
70
00
Dues capital, as per general
ledger,
.
.
.
.
Profits capital, as per general ledger,
Unpaid dues,
$388,117 00
73,315 36
2,555 00
616 00
$463,987 36
Total,
.
.
.
.
$463,987 36
No. 8.]
SAYINGS BANK COMMISSIONERS
W O R K IN G M E N ’S C O -O P E R A TIV E
Incorporated June 9, 1880.
231
B A N K — BOSTON.
Commenced business June 11, 1880.
Capital to be accumulated, $1,000,000.
R o b e r t T r e a t P a i n e , President.
F . E . B u r b a n k , Secretary.
F r a n c i s B . S e a r s , Treasurer.
Names of security committee:
G eo. W . P ope,
Ja m e s
D. M c L e l l a n ,
H e n r y A . R oot.
Regular meetings the second Friday of each month.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
Liabilities.
Assets.
$470,300 00
Loans on real estate, .
15,350 00
Loans on shares, .
575 40
Temporary expense account,
8,538 47
Real estate by foreclosure, .
Real estate sold and await5,438 71
ing completion of papers,
934 61
Cash in hands of secretary,
23,677 74
Cash in hands of treasurer,
Dues capital, .
.
.
.
Profits capital (all series), .
Interest, .
.
.
.
Premiums,
.
.
.
.
F i n e s , ....................................
Transfer fees, .
.
.
.
Surplus,....................................
Guaranty fund,
Forfeited share account,
Withdrawal profits,
Personal accounts,
Security committee,
$524,814 93
Number of shares issued during the year,
Number of shares now in force.................................
Number of shares now borrowed upon,
Largest number of shares held by any one member,
Number of shares withdrawn during the year,
Number of shares forfeited during the year,
Number of shares retired during the year, .
Number of shares matured during the year, .
Amount of dues received during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$436,187
78,535
2,019
195
33
2
4,230
2,970
372
237
30
2
00
16
13
20
66
00
51
00
06
97
24
00
$524,814 93
5,245
13,374
2,959
. 25
2,978
. 139
. 288
. 37
. $153,062 00
232
REPORT OF THE
[Pub. Doc.
Highest premium received during the year,
Lowest premium received during the year,
Number of members withdrawn during the year,
. 337
Present number of members,.
1,632
Present number of borrowers,
. 321
Present number of non-borrowers,
1,311
Number of loans secured by first mortgage of real estate, .
. 325
Number of loans on shares, .
•
•
•
•
•
. 80
Largest loan to any one member, .
, #
•
•
•
•
Smallest loan to any one member,.
, ,
•
•
•
•
.
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
Amount of profits credited to shares during the year, .
.
Date of examination by commissioner : March 8.
$0 60
05
5,000
50
3,095
39,444
00
00
78
67
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
D ec.,
June,
Dec.,
June,
D ec.,
June,
D ec.,
June,
Sept.,
1881,
1882,
1882,
1883,
1883,
1884,
1884,
1885,
1885,
1886,
1886,
1887,
1887,
1888,
1888,
1889,
1889,
1890,
1890,
1891,
1891,
1892,
1892,
.
.
.
.
.
.
15
60
114
134
137
137
168
135
181
340
252
238
351
607
849
858
1,037
1,009
1,153
1,276
1,736
1,612
975
Dues paid in advance,
Total, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$193
180
168
157
146
135
124
114
105
95
86
77
69
61
53
45
38
31
24
17
11
5
2
$2,895
10,841
19,236
21,066
20,010
18,536
20,983
15,503
19,026
32,551
21,838
18,540
24,373
37,184
45,302
39,227
39,758
31,500
28,052
22,559
19,530
8,108
1,950
75
40
36
14
22
10
20
40
72
60
32
20
44
82
64
76
58
98
49
68
00
36
00
Dues capital, as per general
ledger.....................................
Profits capital, as per general ledger,
Unpaid dues,
$436,187 00
78,535 16
5,371 00
1,515 00
.
•
05
69
74
21
06
30
90
84
12
74
66
90
44
26
36
72
34
22
33
68
25
03
00
Total
Value.
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
Value per
Share.
N o. of
Shares.
D ate of
I ssue.
Series.
Reconciliation of Share Account with Dues and Profits Capital.
•
•
• $520,093 16
Total....................................
$520,093 16
233
SAYINGS BANK COMMISSIONERS
No. 8.]
CONSOLIDATED BALANCE SHEET,
O ctober
31, 1892.
L ia b il it ie s .
A ssets.
Loans cn real estate,
$13,093,401 77
.
$12,512,367 29
Dues capital,
599,121 25
Profits capital (all series),
1,814,094 39
Permanent expense account,
13,854 46
Interest....................................
118,493 99
Temporary expense account,
9,116 11
Real estate by foreclosure, .
98,480 99
F in es,......................................
Unpaid d u e s,......................................
16,962 12
Transfer fees,
Unpaid interest..................................
41,228 58
Surplus,
Loans on shares.................................
Pr emi ums , .
.
.
.
8,729 59
.
4,502 20
67 00
.
.
.
61,974 49
.
54,105 35
Unpaid premiums,
3,361 01
Guaranty fu n d ,.
Unpaid fines,......................................
4,626 30
Forfeited share account, .
7,254 93
Sundry assets,
5,707 82
Withdrawal profits, .
6,165 99
Mortgage loans...................................
9,960 00
Forfeiture profits,
City and town bonds and notes, .
30,527 07
Deposits
.
.
.
.
36 56
Matured share account,
in Maverick National
2,068 26
Retired share account,
Real estate (sold and awaiting
completion of papers),
Furniture and fixtures,
C a s h , ...............................................
5,098 17
Advance payments, .
5,438 71
Due borrowers,
1,374 60
Sundry liabilities,
.
16,427 34
679 66
2,800 00
.
7,478 78
685,046 68
$14,620,275 73
$14,620,275 73
. 129,815
Number of shares issued during the year, .
. 405,567
Number of shares now in f o r c e , .....................................
90,001
Number of shares now borrowed upon,
.
.
70,982
Number of shares withdrawn during the year,
.
1,255
Number of shares forfeited during the year,.
4,083
Number of shares retired during the year, .
. 997
Number of shares matured during the year, .
.
.
$4,585,522 00
Amount of dues received during the year, .
9,253
Number of members withdrawn during the year,.
54,484
Present number of members,.............................................
11,514
Present number of b o r r o w e r s ,....................................
42,970
Present number of non-borrowers,....................................
9,807
Number of loans secured by first mortgage of real estate,
3,224
Number of loans on s h a r e s ,.............................................
73,321 34
Amount of expenses of the corporation for the year ending Oct. 31, 1892, .
.
.
.
.
782,018 36
Amount of profits credited to shares during the year, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
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STATEMENTS
COLLATERAL LOAN I D MORTGAGE IM S
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
AND
[Pub. Doc
REPORT OF THE
236
C O L L A T E R A L L O A N C O M PA N Y — BOSTON.
Incorporated April 5, 1859.
F r a n c i s D . C o b b , President.
L u t h e r S . M o o r e , Cashier.
Directors:
F r a n c is D . C o b b ,
E . W . Jon es,
J o h n P. L y m a n ,
J o h n 0 . S h a w , Jr.,
L u t h e r S. M oore.
L a w r e n c e T u c k e r , Director fo r State.
A s a G . H a p g o o d , Director fo r the City o f Boston.
Balance Sheet , October 31, 1892.
A ssets.
Loans outstanding,
Cash on hand,
Expense,
.
.
.
.
General interest, .
State tax,
.
.
.
.
R e n t , ....................................
L ia b il it ie s .
$221,615
13,322
14,165
813
2,678
3,083
77
40
21
69
40
92
$255,679 39
Date of examination : November 30.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Capital stock,
Reserve fund,
Notes payable,
Auction reserve,
Interest,....................................
Profit and loss,
$150,000
60,000
1,000
5,493
34,645
4,540
00
00
00
99
20
20
$255,679 39
No. 8.]
237
SAYINGS BANK COMMISSIONERS
W O R K IN G M E N ’S L O A N ASSO C IA T IO N — BOSTON.
Incorporated 1888.
R o b e r t T r e a t P a i n e , President.
F r a n c i s B . S e a r s , Vice-President.
R o b e r t T r e a t P a i n e , 2d, Treasurer.
A r t h u r L y m a n , Clerk.
Directors :
R o b e r t T r e a t P a i n e , Jr.,
E d m u n d B il l in g s ,
A r t h u r S. J o h n s o n ,
H erbert Lym an ,
Jo s e p h L e e ,
R o b e r t T r e a t P a i n e , 2d ,
H e n r y B. Cabo t,
A rth ur L y m a n ,
F r a n c is B . S e a r s ,
J o h n F . M o o rs ,
S a m u e l C a r r , Jr.
W m .
E n d ic o t t , 3d,
Ch a s. W .
C h a s . C. J a c k s o n ,
H ubbard,
C h a s . L. Y o u n g ,
R obert T r eat P a in e ,
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans,
.
.
Cash on hand, .
Expenses,
.
.
$106,073 81
1,837 55
443 00
$108,354 36
Date of examination : August 1
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Capital stock,
Notes payable, .
Profit and loss, .
Unclaimed balance, .
State tax, .
.
.
.
$78,500
25,000
4,260
68
525
00
00
68
05
63
$108,354 36
[Pub. Doc
REPORT OF THE
238
GLOBE
IN V E S T M E N T
A l l i s o n Z. M a s o n , President.
C O M P A N Y — BOSTON.
J. L o w e l l M o o r e , Treasurer.
B a l a n c e S h e e t , O c t o b e r 31, 1892.
L ia b il it ie s .
A ssets.
Loans secured by first liens
on real estate, .
Loans secured by second
liens on real estate, .
Tax sale certificates, .
Stocks and bonds,
Real estate acquired by foreclosure,
.
.
.
.
Furniture and fixtures,
Current expenses,
Remittances for interest matured within 60 days,
Other past due interest remitted for, but not paid
to us,
. . .
Past due loans remitted for,
but not paid to us, .
Due from branch offices and
agents,
.
.
.
.
Due from sundry persons, .
Cash on hand and in banks,
Foreclosure account, .
Notes secured by collateral,
Chattel note account, .
Accrued interest, .
$468,063 50
103,470 57
37,080 87
32,776 25
61,505 83
3,795 73
26,864 96
15,269 79
126,780 12
38,528 60
4,995
35,607
64,733
18,161
1,223
400
33,672
05
79
50
30
06
00
40
Capital stock paid in,
Guaranty fund,
Undivided profits, .
Bills payable, .
D e b e n t u r e bonds outstanding,
Interest paid in advance
by borrowers,
Due on coupons not presented, .
.
.
.
Loans paid, but not remitted for, .
Deposits awaiting investment, .
.
.
.
Due to branch offices and
agents, .
.
.
.
Due to banks and bankers,
.
.
.
.
Due to sundry persons, .
Accrued interest on debentures, coupons of
which are not yet due, .
$362,500
24,082
30,226
31,470
00
23
89
00
359,400 00
4,896 04
1,867 06
35,057 34
91,548 46
13,424 71
90,517 75
20,750 84
7,188 00
$1,072,929 32
$1,072,929 32
Date of examination : November, 1892.
Description of Stocks and Bonds.
Colorado Springs Rapid Transit Railway Co.
bonds,...............................................................
Fitchburg R .R. 1st mortgage 6s, .
Fitchburg R .R . 1st mortgage 5s, .
City of Newton, Mass., 4s, .
.
.
.
City of Minneapolis, Minn., 4s,
City of Cleveland, O., 6s....................................
Eastern R .R. 6s...................................................
Globe Investment Co. of Nebraska, stock, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Par Value.
Market Value.
$5,000
2,000
3,000
3,000
6,000
2,000
2,000
9,000
$5,000
2,127
3,157
3,090
6,000
2,180
2,400
9,000
00
00
00
00
00
00
00
00
$32,000 00
00
50
50
00
00
00
00
00
$32,955 00
Amount
Invested.
$4,625
2.200
3,105
3,180
5,820
2,350
2,496
9,000
00
00
00
00
00
00
25
00
$32,776 25
No. 8.]
SAYINGS BANK COMMISSIONERS.
239
How much of its capital stock is owned by officers of the company ? 223 shares.
How much, if any, of the stock owned by its officers is pledged to the company as
collateral ? None.
State the sections of country in which loans are made, giving the principal counties:
Eastern half of Kansas; North-western Missouri; the following counties in Nebraska:
Antelope, Madison, Wheeler, Custer; eight counties in Minnesota, of which Douglas
is the centre, all known as the “ Park Region; ” irrigated portions of Colorado.
Total amount loaned to d a t e , ......................................................
Total amount of loans paid,...............................................................
Number and amount of loans extended the past two years,
f Guaranteed,
Total amount of loans unpaid and outstanding,
\ Unguaranteed,
Total amount in process of foreclosure,
Total amount of debentures certified, .
Less amount on hand and with agents,
Total liability for debenture bonds,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
. $5,068,956 46
.
1,106,838 46
104
63,780 00
.
2,448,678 00
.
1,453,440 00
152,933 03
359,900 00
500 00
359,400 00
240
REPORT OF THE
[Pub. Doc
N A T IO N A L M O R TG A G E A N D D E B E N TU R E CO M PA N Y —
BOSTON.
W . X . F u l l e r , President.
C h a r l e s A . R o g e r s , Treasurer.
B a l a n c e Sh e e t , O c t o b e r
A ssets.
31, 1892.
L ia b il it ie s .
Loans secured by first liens on
$623,039 40
real estate, .
.
.
.
19,914 36
Matured interest due on same,
Commission notes secured by
38,632 37
second liens on real estate, .
466 76
Tax sale certificates,
30,166 65
Stocks and bonds, .
Real estate acquired by fore61,301 27
closure,
.
.
.
.
1,506 49
Other real estate,
Furniture, fixtures and sup3,968 49
p l i e s , ....................................
11,418 68
Current expenses, .
1,222 44
Legal expenses in foreclosure,*
Past due interest remitted for
27,991 44
but not paid to us,
Due from branch offices and
3,055 81
agents,....................................
899 31
Bills receivable,
2,104 07
C a s h , ....................................
836 25
Due from sundry persons,
Insurance premiums advanced
875 96
for clients, .
.
.
.
Attorney fees advanced for
177 92
clients,....................................
38,780 93
Profit and loss account, .
Capital stock paid in,
Guaranty fund, .
Reserve against depreciation,
.
.
.
.
Suspense account,
Debenture bonds outstandin g ,....................................
Interest due on same,
coupons not presented, .
Certificates of deposit bearing interest (money borrowed), .
.
.
.
Bills payable,
.
Mortgage loans held for
collection,
Due sundry persons,
Due branch offices and
agents, .
.
.
.
$866,358 59
$258,900 00
3,300 00
30,057 29
1,234 32
488,988 00
508 35
500 00
65,925 00
914 52
9,888 56
6,142 55
$866,358 59
* To be reduced by collections from clients.
Date of examination: November 1.
Description of Stocks mid Bonds.
Par Value.
Kansas Land and Loan Co, stock,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
$90,500 00
Market Value.
Book Value.
$30,166 65
No. 8.]
SAVINGS BANK COMMISSIONERS
241
How much of its capital stock is owned by officers of the company ? $17,800.
How much, if any, of the stock owned by its officers is pledged to the company as
collateral ? None.
State the sections of country in which loans are made, giving principal counties:
C o l o r a d o , — Arapahoe, Boulder, Carbon, Delta, Garfield, Grand, Grover, La Plata,
Laramie, Morgan, Rio Blanco, Weld, Yum a; D a k o t a , — Beadle, Brookings, Brown,
Clark, Codington, Davison, Edmunds, Hamblin, Lake, Lincoln, Marshall, McPherson,
Spink; K a n s a s , — Allen, Anderson, Barton, Bourbon, Butler, Chautauqua, Cherokee,
Clark, Clay, Coffee, Cowley, Crawford, Dickinson, Douglas, Edwards, Elk, Ells
worth, Ellis, Ford, Garfield, Graham, Gray, Harvey, Harper, Hodgeman, Jackson,
Jefferson, Kingman, Kiowa, Lincoln, Lyon, Marion, Meade, Mitchell, Morris, Neosha,
Osborne, Ottawa, Pawnee, Pottawattomie, Pratt, Reno, Rice, Rooks, Rush, Russell,
Saline, Shawnee, Stafford, Wilson, Woodson; F l o r i d a , — Putnam; M a s s a c h u
s e t t s , — Middlesex;
M i c h i g a n , — Delta, Mackinaw, Schoolcraft; M i n n e s o t a , —
Murray, Pipestone; M is s o u r i , — Holt; N e b r a s k a , — Butler, Dodge, Hayes, Holt;
W y o m i n g , — Laramie.
Total amount of loans to date, approximating, .
.
.
.
. $3,500,000 00
Number and amount of loans extended the past two years: Cannot
answer.
Total amount of loans unpaid and ( Guaranteed,
.
.
None.
outstanding,
1 Unguaranteed, .
.
1,700,000 00
Total amount in process of foreclosure : Cannot answer.
501,988 00
Total amount of debentures c e r t i f i e d , ....................................
Less amount on hand and with a g e n t s , ....................................
13,000 00
Total liability for debenture b o n d s , .............................................
488,988 00
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
APPENDIX.
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Federal Reserve Bank of St. Louis
P. S., C H A P T E R 117.
[WITH AMENDMENTS AND ADDITIONAL LEGISLATION NOTED IN MARGIN.Ï
IN D EX.
SECTION
1. Corporations for accumulation of
savings of members and lending
funds to members.
2. Agreement, what to set forth.
3. Name.
4. Corporation, how organized.
5. Limit of capital. Plans of issuing
stock, etc.
6. By-laws. Officers to hold office until
successors are elected. Office of
secretary and treasurer may be
held by one person.
7. Monthly meetings. Dues.
8. Withdrawal of shares.
9. Shares, when matured.
SECTION
10. Moneys to be lent by monthly sale«;
how invested, if unsold.
11. Premiums.
12. Interest.
13. Security.
14. Payment. Partial payments.
15. Fines. Forfeiture of shares.
16. Recovery of loan.
17. Books of account. Duties of treas
urer, etc.
18. Distribution of profits and losses.
Guaranty Fund.
19. Corporation may buy and sell real
estate.
20. Powers of savings bank commis
sioners.
1. Twenty-five or more persons who associate
themselves together by an agreement in writing with the
intention of forming a corporation for the purpose of
accumulating the savings of its members paid into such
corporation in fixed periodical instalments and lending to
its members the funds so accumulated shall, by and with
the consent o f the board of commissioners of savings
banks, become a corporation upon complying with the
provisions of the three following sections.
Sect. 2.
The agreement shall set forth th e fact that
the subscribers thereto associated themselves with the
intention of forming a corporation ; the name b y which
the corporation shall be known ; the purpose for which it
is formed ; the town or city, which shall b e within this
Commonwealth, in which it is lo c a te d ; an d th e lim it o f
S e c t io n
ca p ita l to b e a c c u m u la te d .
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Federal Reserve Bank of St. Louis
Corporations for
accumulation of
savings of mem bers and lending
funds to mem
bers. .
1877, 224, § 1.
1890, 243.
Agreement,
what to set
forth.
1877, 224, J 2.
APPEN D IX.
VI
Name.
1877, 224, § 3.
Co-operative
saving fund and
!oan associa
tions ” to be
known as “ Co
operative
Banks.”
1883, 98.
Public Statutes,
117. Title
amended.
1883, 98.
Co-operative
banks.
1883, 98.
Third section to
take effect July
1, 1883.
Corporation,
how organized.
1877, 224, § 4.
The name shall be one not previously in use
by any existing corporation established under the laws of
this Commonwealth, and shall be changed only by act
of the General Court. The words “ co-operative saving
fund and loan association” shall form a part of the
name.
Section three of chapter one hundred and seventeen of
the Public Statutes, relative to the name of co-operative
saving fund and loan associations, is hereby amended by
striking out the words “ co-operative saving fund and
loan association,” in the fourth line, and inserting in place
thereof the words “ Co-operative Bank.”
The title of said chapter one hundred and seventeen of
the Public Statutes is hereby amended by striking out the
words “ Saving Fund and Loan Associations,” and in
serting in place thereof the word “ Banks.”
The names of all co-operative saving fund and loan
associations heretofore organized are hereby changed by
striking out in each the words “ saving fund and loan
association,” and inserting in place thereof the word
“ bank,” and they shall hereafter be known as “ co-opera
tive banks.”
The first and second sections of this act shall take effect
upon its passage, and the third section upon the first day
of July in the year eighteen hundred and eighty-three.
Sect. 4. The provisions of sections eighteen, twenty,
and twenty-one of chapter one hundred and six shall
apply to such corporation^, except that, in the certificate
signed by the secretary of the Commonwealth, the limit
o f capital to be accumulated, as fixed in the agreement of
association, shall be inserted, instead of the amount of
the capital, that the certificate required by said section
twenty-one to be filed and recorded may be signed and
sworn to by the presiding and financial officers, and a
majority at least of the officers possessing the powers of
directors by whatever name they may be called, and that
the fees to be paid for filing and recording the certificates
S ect. 3.
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Federal Reserve Bank of St. Louis
APPEN D IX.
YU
required by said section twenty-one, including the issu
ing of the certificate of organization, shall be five
dollars.
Sect. 5. The capital to be accumulated shall not ex Limit of capital.
1887, 216, § 1.
ceed one million dollars, and shall be divided into shares
of the ultimate value of two hundred dollars each. The
limitation of capital to be accumulated in p-ny co-operative
bank now organized or hereafter formed under the provi
sions of chapter one hundred and seventeen of the Public
Statutes shall be held to apply to capital actually paid in,
and no such bank shall be restrained from issuing shares
so long as the capital actually paid in on shares is not in
of issuing
excess of one million dollars. The shares may be issued Plans
stock, etc.
1877, 224, § 5.
in quarterly, half-yearly, or yearly series, in such amounts
and at such times as the members may determine. No
person shall hold more than twenty-five shares in the cap
ital of any one such corporation. No shares of a prior
series shall be issued after the issue of a new series.
Sect. 6. The number, title, duties and compensation By-laws.
Officers to hold
of the officers of the corporation, their terms of office, office until suc
cessors are
the time of their election, as well as the qualifications of elected.
1877, 224, §§ 6,
electors, and time of each periodical meeting of the officers 16.
and members, shall be determined by the by-laws; but
no member shall be entitled to more than one vote at any
election. All officers shall continue in office until their
successors are duly elected, and no corporation shall
expire from neglect on its part to elect officers at the time
prescribed by the by-laws.
One persoD
In any co-operative bank now or hereafter formed may
be both
secretary and
under the provisions of chapter one hundred and seven treasurer.
1885, 121, § 1.
teen of the Public Statutes, the offices o f secretary and
treasurer may be held by one and the same person.
Monthly meet ■
Sect. 7. The officers shall hold stated monthly meet ings.
Dues.
224, }§ 5,
ings. At or before each of these meetings every member 1877,
7, 9.
271, $ 1,
shall pay to the corporation, as a contribution to its capi 1881,
cl. 3.
tal, one dollar as dues upon each share held by him until
the share reaches the ultimate value of two hundred
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Federal Reserve Bank of St. Louis
V lll
APPENDIX.
dollars, or is withdrawn, cancelled, or forfeited. Payment
of dues on each series shall commence from its issue.
Withdrawal of
Sect. 8 . A member may withdraw his unpledged
«hares.
1887, 2 1 0 , § § 2 , 3
•shares at any time by giving thirty days’ notice of his
intention so to do, written in a book held and provided
by the corporation for that purpose. Upon such with
drawal the shareholder’s account shall be settled as fol
lows : — From the amount then standing to the credit of
the shares to be withdrawn there shall be deducted all
fines, a proportionate part of any unadjusted loss, to
gether with such proportion of the profits previously cred
ited to the shares as the by-laws may provide, and such
shareholders shall be paid the balance : p rov id ed , that at
no time shall more than one-half of the funds in the
treasury be applicable to the demands of withdrawing
members without the consent of the directors.
The
directors may, at their discretion, under rules made by
them, retire the unpledged shares of any series at any
time after four years from the date of their issue, by
enforcing the withdrawal of the same ; but whenever there
shall remain in any series, at the expiration of five years
after the date of its issue, an excess above one hundred
unpledged shares, then it shall be the duty of the directors
to retire annually twenty-five per centum of such excess
existing at said expiration of five years after the date of
its issue, so that not more than one hundred unpledged
shares shall remain in such series at the expiration of nine
years from the date of its issue, and thereafter the direct
ors may in their discretion retire such other unpledged
shares as they consider the best interests of the bank to
require : p rovid ed , that whenever under the provisions of
this section the withdrawal of shares is to be enforced the
shares to be retired shall be determined by lot, and the
holders thereof shall be paid the full value of their shares,
less all fines and a proportionate part of any unadjusted
loss; provided also, that shares pledged for share loans
shall be treated as unpledged shares.
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Federal Reserve Bank of St. Louis
APPENDIX.
ix
Shares may be issued in the name of a minor, and if so
issued may, at the discretion of the directors, be with
drawn, in manner as provided in section two of this act
[chap. 216, Acts of 1887], by such minor, the parent or
guardian of such minor, and in either case payments made
on such withdrawals of shares shall be valid. When a
share or shares are held by any one in trust for another,
the name and residence of the person for whom such
share or shares are held shall be disclosed; and the
account shall be kept in the name of such holder as trus
tee for such person; and, if no other notice of the exist
ence and terms of such trust has been given in writing
to the corporation, in the event of the death of the trus
tee, such shares may be withdrawn by the person for whom
such deposit was made or by his legal representatives.
S ect. i). When each unpledged share of a given series Shares, when
matured.
1881, 271, § 1,
reaches the value of two hundred dollars, all payments of cl.
3.
dues thereon shall cease, and the holder thereof shall be 1887, 210, $ 6.
paid out of the funds of the corporation two hundred dol
lars thereof, with interest at the rate of six per cent, a
3-ear from the time of such maturity to the time of pay
ment : p rov id ed , that at no time shall more than one-half
of the funds in the treasury be applicable to the payment
of such matured shares without the consent of the direct
ors ; p rovid ed fu r th e r , that when any series of shares,
either pledged or unpledged, reaches maturity between
the dates of adjustment of profits, or whenever shares are
retired between such dates, the holders of such shares
shall in addition to the value thereof, be entitled to
interest at the rate of six per cent, per annum for
all full months from the date of the preceding adjust
ment.
Chapter one hundred and seventeen of the Public Amendment.
1882, 251.
Statutes is amended as follows, by adding to section
nine the following words: “ And that before paying
matured shares all arrears and fines shall b e d e
d u c t e d .”
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Federal Reserve Bank of St. Louis
APPENDIX.
X
Moneys to be
lent by monthly
sales; how
invested, if
unsold.
1877, 224, § 7.
1881, 271, § 1,
cl. 4.
1890, 78.
Premiums.
1877, 224, § 12.
Interest.
1881, 271, § 1,
el. 3.
Acts of 1882.
Chap. 251, § 2.
Sect. 10. The moneys accumulated, after due allowance
made for all necessary and proper expenses and for the with
drawal of shares, shall, at each stated monthly meeting, he
offered to the members according to the premiums bid by
them for priority of right to a loan. Each member whose
bid is accepted shall be entitled upon giving proper security
to receive a loan of two hundred dollars for each share held
by him, or such fractional part of two hundred dollars as the
by-laws may allow. If a balance of money remains unsold
after a monthly sale, the directors may invest the same in
any of the securities named in the second clause of section
twenty of chapter one hundred and sixteen, or may loan the
same upon the shares of the corporation, on the approval of
the directors or investing committee thereof, at the highest
rate paid at the last preceding monthly sale of such moneys.
Sect. 11. Premiums for loans shall consist of a per
centage charged on the amount lent in addition to inter
est, and shall be deemed to be a consideration paid by
the borrower for the present use and possession of the
future or ultimate value of his shares, and shall, together
with interest and fines, be received by the corporation as
a profit on the capital invested in the loan, and shall be
distributed to the various shares and series of said capital
as hereinafter provided.
Sect. 12 . A borrowing member, for each share bor
rowed upon, shall, in addition to his dues and monthly
premium, pay monthly interest on his loan at the rate of
six per cent, per annum until his shares reach the ulti
mate value of two hundred dollars each, or the loan has
been repaid; and when said ultimate value is reached,
said shares and loan shall be declared cancelled and satis
fied, and the balance, if any, due upon the shares shall be
paid to the member.
Any corporation organized under said chapter one hun
dred and seventeen may provide in its by-laws that the
bid for loans at its stated monthly meeting shall, instead
of a premium, be a rate of annual interest upon the sum
desired, payable in monthly instalments. Such bids shall
include the whole interest to be paid, and may be at any
rate not less than five per centum per annum.
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Federal Reserve Bank of St. Louis
APPENDIX.
xi
Sect. 13. For every loan made, a note secured by Security.
1877, 224, § S.
271, § 1,
first mortgage of real estate situated in this Common c1881,
l. 1 .
wealth shall be given, accompanied by a transfer and 1889, 159.
pledge of the shares of the borrower. The shares so
pledged shall be held by the corporation as collateral se
curity for the performance of the conditions of said note
and mortgage. Said note and mortgage shall recite the
number of shares pledged and the amount of money
advanced thereon, and shall be conditioned for the pay
ment, at the stated meetings of the corporation, of the
monthly dues on said shares, and the interest and pre
mium upon the loan, together with all fines on payments
in arrears until said shares reach the ultimate value of two
hundred dollars each, or said loan is otherwise cancelled
or discharged: p rov id ed , that the shares, without other
security, may, in the discretion of the directors, be
pledged as security for loans, to an amount not exceeding
their value as adjusted at the last adjustment and valua
tion of shares before the time of the loan.
If the borrower neglects to offer security satisfactory to
the directors within the time prescribed by the by-laws,
his right to the loan shall be forfeited, and he shall be
charged with one month’s interest and one month’s pre
mium at the rate bid by him, together with all expenses,
if any, incurred; and the money appropriated for such
loan may be re-loaned at the next or any subsequent
meeting.
Sect. 14. A borrower may repay a loan at any time, Payment.
1877, 224, § 11.
upon application to the corporation, whereupon, on settle 1887, 216, § 4.
ment of his account, he shall be charged with the full
amount of the original loan, together with all monthly
instalments of interest, premium, and fines in arrears, and
shall be given credit for the withdrawing value of liis
shares pledged and transferred as security; and the
balance shall be received by the corporation in full satis
faction and discharge of said loan: p ro v id ed , that all
settlements made at periods intervening between stated
meetings of the directors shall be made as of the date o f
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Federal Reserve Bank of St. Louis
APPENDIX.
X ll
the stated meetings next succeeding such settlement; and
p rov id ed , that a borrower desiring to retain his shares and
Fines, forfeiture
of shares.
1877, 224, § 13.
Recovery of
loan.
1882, 251.
membership may at his option repay his loan without
claiming credit for said shares, whereupon said shares
shall be re-transferred to him, and shall be free from any
claim by reason of said cancelled loan. Partial payment
of loans on real estate made by any co-operative bank
may be received in sums of fifty dollars or any multiple
thereof; and for each two hundred dollars so repaid one
share of stock shall be released from pledge.
Sect. 15. Members who make default in the payment
of their monthly dues, interest and premiums, shall be
charged a fine not exceeding two per cent, a month on
each dollar in arrears. No fines shall be charged after the
expiration of six months from the first lapse in any such
payment, nor upon a fine in arrears. The shares of a
member who continues in arrears more than six months
shall, at the option of the directors, if the member fails
to pay the arrears within thirty days after notice, be de
clared forfeited, and the withdrawing value of the shares
at the time of the first default shall be ascertained, and,
after deducting all fines and other legal charges, the bal
ance remaining shall be transferred to an account to be
designated the “ Forfeited Share Account,” to the credit
of the defaulting member. Said member, if not a bor
rower, shall be entitled, upon thirty days’ notice, to
receive the balance so transferred without interest from
the time of the transfer, in the order of his turn, out of
the funds appropriated to the payment of withdrawals.
All shares so forfeited or transferred shall cease to partici
pate in any profits of the corporation accruing after the
last adjustment and valuation of shares before said first
default.
Sect. 16. If a borrowing member is in arrears for
dues, interest, premium or fines for more than six months,
the directors may, at their discretion, declare the shares
forfeited, after one month’s notice, if the arrears continue
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Federal Reserve Bank of St. Louis
APPENDIX.
X115
unpaid. The account of such borrowing member shall
then be debited with the arrears of interest “ premium”
and fines of date of forfeiture, and the shares shall be Amendment.
18S5, 121, § 4.
credited upon the loan at their withdrawing value. The
balance of the account may, and after six months shall, be
enforced against the security, and be recovered as secured
debts are recovered at law.
S ect. 17. The general accounts of every such corpo Books of ac
count. Duties
ration shall be kept by double entry.
All moneys of treasurer,
etc.
received by the corporation from each member shall be 1877, 224, § 14.
receipted for by persons designated by the directors, in
a pass-book provided by the corporation for the use of,
and to be held by, the member ; and said pass-book shall
be plainly marked with the name and residence of the
holder thereof, the number of shares held by him, and
the number or designation of the series or issue to
which said shares respectively belong, and the date of
the issue of such series. All moneys so received shall be
originally entered by the proper officer in a book to be
called the “ cash-book,” to be provided by the corpora
tion for the purpose, and the entries therein shall be so
made as to show the name of the payer, the number of
shares, the number or designation of the series or issues
of the particular share or shares so entered, together with
the amount of dues, interest, premiums and fines paid
thereon, as the case may be. Each payment shall be
classified and entered into a column devoted to its kind.
Said cash-book shall be closed after the termination of
each stated meeting, and shall be an exhibit of the receipts
of all moneys paid at said meeting. All payments made
by the corporation for any purpose whatsoever shall be
by order, check or draft upon the treasurer, signed by the
president and secretary, and endorsed by the persons in
whose favor the same are drawn. The name of the payee,
the amount paid, and the purpose, object or thing for
which the payment is made, together with its date, shall
be entered on the margin of said order, check or draft.
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Federal Reserve Bank of St. Louis
APPENDIX.
XIV
Distribution of
profits and
losses.
1881, 271, § 1,
cl. 2.
Guarantee fund
to be reserved
from profits.
1885, 121.
Corporation
may buy and
sell real estate.
1877, 224, § 17.
Powers of sav
ings bank
commissioners.
1879, 129, §§ 1, 2.
The treasurer shall dispose of and secure the safe keeping
o f all moneys, securities, and property of the corporation,
in the manner designated by the by-laws, and the treas
urer and secretary shall give such security for the faithful
performance of their respective duties as the by-laws may
direct.
Sect. 18. The profits and losses may be distributed
annually, semi-annually or quarterly, to the shares then
existing, but shall be distributed at least once in each
year, and whenever a new series of shares is to be issued.
Profits and losses shall be distributed to the various shares
existing at the times o f such distribution, in proportion
to their value at that time, and shall be computed upon
the basis of a single share fully paid to the date o f distri
bution. Losses shall be apportioned immediately after
their occurrence.
At each periodical distribution of profits the directors
shall reserve as a guaranty fund a sum not less than one
nor more than five per cent, of the net profits accruing
since the next preceding adjustment, until such fund
amounts to five per cent, of the dues capital, which fund
shall thereafter be maintained and held; and said fund
shall be at all times available to meet losses in the business
of the corporation from depreciation of its securities or
otherwise.
Sect. 19. Any such corporation may purchase at any
sale, public or private, any real estate upon which it may
have a mortgage, judgment, lien or other incumbrance, or
in which it may have an interest; and may sell, convey,
lease or mortgage, at pleasure, the real estate so purchased
to any person or persons whatsoever. A d real estate so
acquired shall be sold within five years from the acquisi
tion of the title thereto.
Sect. 20. The commissioners of savings banks shall
perform, in reference to every such corporation, the same
duties, and shall have the same powers, as are required of
or given to them in reference to savings banks, and shall
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Federal Reserve Bank of St. Louis
xv
APPENDIX.
annually make report to the general court of such facts
and statements respecting such associations, and in such
forms as they deem that the public interest requires.
Every officer of such corporation shall answer truly all
inquiries made, and shall make all returns required by the
commissioners.
A
n
A
c t
e e l a t in g
to
co- o p e e a t iv e
banks.
(Section 2 of Chapter 159, Acts of 1889.)
V
Every co-operative bank shall annually within twenty
days after the last business day o f October make a return
to the commissioners of savings banks in such form as
may be prescribed by them, showing accurately the con
dition thereof at close of business on said day, which re
turn shall be signed and sworn to by the secretary and
treasurer o f such corporation. The president and five or
more of the directors shall certify and make oath that the
report is correct according to their best knowledge and
belief.
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Federal Reserve Bank of St. Louis
[C h a p .
A
n
A
c t
in
310,
A cts op
relation to the
1890.]
business of co- operative
BANKING.
Be it enacted,
e ic .,
Section 1.
as follow s:
Except as is hereinafter provided, no per
son, association or corporation shall carry on the business
of accumulating the savings of its members and loaning
to them such accumulations in the manner o f a co-operative
bank within this Commonwealth, unless incorporated under
the laws thereof for such purpose.
Section 2.
The board of commissioners o f savings
banks may authorize any such association or corporation
duly established under the laws of another state to carry
on such business in the Commonwealth, but said associa
tion or corporation shall not transact such business in this
Commonwealth unless it shall first deposit with the treas
urer o f the Commonwealth the sum of twenty-five thousand
dollars and thereafter a sum equal to fifteen per cent, of
the deposits made in such association or corporation by
citizens o f the Commonwealth, the amount o f percentage of
deposits so required to be determined from time to time by
said board of commissioners o f savings banks; or in lieu
thereof the whole or any part of said sum may consist of
any o f the securities named in the first, second and third
clauses o f section twenty of chapter one hundred and six
teen of the Public Statutes and acts amendatory thereof, at
their par value, and the said deposit shall be held in trust
by said treasurer for the protection and indemnity of the
residents of the Commonwealth with whom such associa-
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Federal Reserve Bank of St. Louis
XVII
APPEN DIX.
lions or corporations respectively have done or may trans
act business.
Said moneys or property shall be paid out
or disposed of only on the order of some court of competent
jurisdiction made on due notice to the attorney-general of
the Commonwealth, and upon such notice to the creditors
and shareholders of such association or corporation as the
court shall prescribe.
For the purpose of ascertaining the
business and financial condition of any such association or
corporation doing or desiring to do such business, said
board may make examinations of such associations
or
corporations at such times and at such places as said board
may desire, the expense of such examinations being paid
by the association or corporation examined, and may also
require returns to be made to them in such form and at
such times as they may elect.
Whenever, upon examina
tion or otherwise, it is the opinion of said board that any
such association or corporation is transacting business in
such manner as to be hazardous to the public, or its con
dition is such as to render further proceedings by it hazard
ous to the public, said board shall revoke or suspend the
authority given to said association or corporation, but this
section shall not prevent such a bank or institution, incor
porated under. the laws of another state,
from loaning
money upon mortgages of real estate located within the
Commonwealth.
Section 3.
Every such person, association or corpora
tion transacting business in the Commonwealth at the time
of the passage of this act shall, within sixty days after
such passage, conform to the requirements of this act.
Section 4.
Whoever violates any provision
of the
preceding sections shall be punished by a fine not exceed
ing one thousand dollars ; and any provision thereof may
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Federal Reserve Bank of St. Louis
xvm
APPEN D IX.
on petition be enforced by injunction issued by a justice of
the supreme judicial court or of the superior court.
Section 5. This act shall take effect upon its passage.
[ Approved May 21, 1890.
[ C h a p . 4 0 3 , A c t s o f 1 8 9 1 .]
A n A ct
to
BANKS
a u t h o r iz e
TO
PR EVENT
CORPORATIONS
the
c o m m is s io n e r s
FOREIGN
FROM
of
CO-OPERATIVE
TRANSACTING
BUSINESS
s a v in g s
BANKING
IN
THIS
COM M ONW EALTH.
Be it enacted, etc., as follows :
Whenever, upon examination or otherwise, it is the
opinion o f the board o f commissioners o f savings banks
that any association or corporation established under the
laws of another state, for the purpose of carrying on the
business of accumulating the savings of its members and
loaning to them such accumulations in the manner of a
co-operative bank, and authorized to do business in this
Commonwealth, is transacting such business in a manner
hazardous to the public, or its condition is such as to ren
der further proceedings by it hazardous to the public, said
board shall revoke or suspend the authority given to such
association or corporation if it has been authorized to do
business in the Commonwealth as aforesaid, and if not so
authorized said board shall notify it to cease the transaction
o f such business; and in either case such association or
corporation shall thereafter have no authority to transact
such business within the
Commonwealth.
But nothing
herein contained shall prevent such association or corpora
tion from loaning money upon mortgages o f real estate
located within the Commonwealth.
1891.
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Federal Reserve Bank of St. Louis
[.Approved June 22,
STATUTES
R E L A T IN G
TO
MORTGAGE LOAN ANI) INVESTMENT
COMPANIES.
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Federal Reserve Bank of St. Louis
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Federal Reserve Bank of St. Louis
A N
A C T
IN RELATION TO
MORTGAGE LOAN AND INVESTMENT COMPANIES.
(Chapter 387, Acts o f 1888.)
Section 1. Every corporation now or hereafter estab lished under the laws of this Commonwealth for the
special purpose o f negotiating or making loans of money
secured by deed of trust or mortgage of real estate situ
ated outside of this Commonwealth, may exercise and
enjoy all the powers, and shall be governed by the pro
visions and be subject to the duties, restrictions and
liabilities prescribed in this act and any acts which may
hereafter be passed in amendment or lieu thereof. All
such corporations heretofore chartered shall continue to
exercise and enjoy their powers and privileges according
to their respective charters, and shall be subject to all the
liabilities imposed by the same, except so far as said
powers, privileges and liabilities are modified and con
trolled by the provisions of this act.
Sect. 2. Every such corporation may make loans o f
money secured by deed ot trust or mortgage of real estate
situated in any state, other than this Commonwealth, or
territory of the United States to an amount not exceeding
fifty per cent, of the appraised value of said property ;
but no loan shall be made on any property subject to a
prior mortgage, encumbrance or lien. Every such cor
poration may also hold, sell and assign the bonds, notes,
mortgages and securities taken for such loans ; may guar
antee the payment of the interest and principal of any
bonds, notes or other evidences of debt secured as afore
said, and may guarantee the title to the property securing
such evidences o f debt for the time such debt remains
unpaid : provided, that nothing contained in this act shall
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
APPEN D IX.
XX ii
be construed as authorizing such corporations to engage
in the business of title insurance.
S e c t . 3.
Every such .corporation may purchase, hold,
guarantee, sell and assign notes or bonds, and the mort
gages or deeds of trust securing the same, or other papers
securing any loan made by any individual, firm, corpora
tion or association, provided such loan shall have been
made in accordance with the conditions under which such
corporations can make loans, as prescribed in section two
o f this act.
Sect. 4.
Every such corporation may receive money
from any individual, firm, corporation or association, for
investment in the securities which such corporations are
by this act authorized to sell or issue, and may allow
interest on such money from the time of its receipt to the
time of its investment as aforesaid, at such rate as may
be agreed upon ; may receive, care for, manage and sell
stocks, bonds and evidences of debt, the avails of which
are intended for investment as aforesaid. No such cor
poration shall receive money on deposit, except as herein
before provided, or engage in any form of banking or trust
business other than as permitted by the terms of this act.
Sect. 5.
Every such corporation may act as agent for
the purpose of foreclosing mortgages and collecting claims
arising by reason of any evidence of debt deposited with
it under the provisions of section four of this act ; may
purchase real estate at any public auction sale thereof
made by virtue of the power contained in any deed of
trust or mortgage owned, held or guaranteed by it, or at
a private sale thereof made for the purpose of cancelling
the debt secured by any such deed of trust or mort
gage ; may hold, sell, transfer and convey said property :
provided, all real estate purchased or acquired under the
provisions of this section shall be sold within five years
after such purchase or acquisition.
S e c t . 6.
Every such corporation may issue deben
tures or bonds, to secure the payment of which, such cor-
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Federal Reserve Bank of St. Louis
APPENDIX.
poration shall from time to time assign, transfer and set
over to trustees, none of whom shall be officers of the
corporation, or to a trust company established under the
laws of this Commonwealth, deeds of trust or mortgages
of real estate on which loans have been made in accord
ance with the provisions of this act, to be held by such
trustees or company in trust for the benefit of the holders
of said debentures or bonds, whereupon such trustees or
company shall indorse their or its certificate of such fact
upon debentures or bonds not exceeding in amount the
face value of securities so transferred to them or it.
S e c t .
7. The total amount of mortgages guaranteed
and of debentures or bonds issued by any such corpora
tion shall at no time be in excess of ten times the amount
of its capital stock actually paid in and its surplus.
S e c t .
8 .
All bonds, notes and other evidences of debt
taken b y such corporation for money loaned shall be
payable to such corporation at its principal place of busi
ness within this Commonwealth, and shall pass by de
livery, by transfer on the books of such corporation at
its principal place of business within this Commonwealth,
or by certificate of its transfer agent at such other place
as it may appoint. No transfer except on the books of
the corporation or by certificate of its transfer agent,
shall be valid unless the last transfer shall have been to
bearer. A complete record of such transfer by said trans
fer agents shall be forwarded to and kept at the principal
place of business of such corporation within this Com
monwealth.
S e c t . 9.
Every such corporation may hold real estate
within this Commonwealth suitable for the transaction of
its business, to an amount not exceeding twenty-five per
cent, of its capital actually paid in.
S e c t . 10.
No such corporation shall be the purchaser
or holder o f any of the shares of its own capital stock,
unless such purchase shall be necessary to prevent loss
upon a debt previously contracted in good faith ; and stock
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
xxiii
APPEN DIX.
X XI V
so purchased shall, within six months from the time of its
purchase, be sold or disposed of at public or private
sale.
S e c t . 11.
The shareholders of every such corporation
shall be held individually liable in the same manner and
to the same extent, and not otherwise, as stockholders of
manufacturing corporations are or may be held liable
under the laws of this Commonwealth. The provisions
contained in sections sixty-two to seventy-one inclusive
of chapter one hundred and six of the Public Statutes shall
apply to and regulate the enforcement of this liability.
S e c t . 12.
Every such corporation shall set apart as a
guaranty fund a sum not less than live per cent, of its
paid in capital, and shall thereafter annually add thereto
a sum not less than ten per cent, of its net earnings, until
such fund, with the accumulated interest thereon, shall be
equal to not less than twenty-five per cent, o f its paid in
capital. Said fund shall be invested in United States
bonds ; English consols ; first mortgage bonds of any rail
road corporation which has paid a dividend on its stock
for at least three years next preceding the date of said
investment; in the legally authorized bonds for municipal
purposes of any city of the United States of not less than
thirty thousand inhabitants wdiose whole indebtedness
shall not exceed five per cent, of its last assessed valua
tion ; or in any securities in which savings banks of this
Commonwealth are allowed to invest.
S e c t . 13.
The books of every such corporation shall
at all reasonable times be open for inspection to the stock
holders and to all holders of bonds and debentures issued
by such corporation, or of notes and other evidences of
debt guaranteed by such corporation.
S e c t . 14.
The commissioners of savings banks shall
have access to the vaults, books and papers of every such
corporation ; and it shall be their duty to inspect, ex
amine and inquire into its affairs and take proceedings in
regard to them at such times as they shall deem necessary,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
APPEN D IX.
in the same manner and to the same extent as if such
corporation was a savings bank, subject to all the laws
which are now or hereafter may be in force relating to
such institutions in this regard : provided, however, said
commissioners may cause any examination to be made by
an expert under their direction but at the expense of the
corporation. Every such corporation shall annually,
within ten days after the last business day of October,
make a return to said commissioners, which return shall
be in the form of a trial balance of its books, and shall
specify the different kinds of its liabilities and the differ
ent kinds of its assets, stating the amount of each kind in
accordance with a blank form to be furnished by said
commissioners, and such annual returns shall be published
in a newspaper of the city or town where such corporation
is located, at the expense of such corporation, at such
times and in such manner as may be directed by said
commissioners. Said commissioners shall annually make
report to the general court of such facts and statements
respecting such corporations, and in such forms as they
deem that the public interest requires.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
X XV
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
INDICES.
G EN ERAL IN D E X .
PAG E
General remarks on Co-operative B a n k s , .........................................
“
“
Loan C o m p a n ie s ,....................................................
“
“
M ortgage, Loan and Investment Companies,
Annual Reports o f Co-operative Banks.................................................
.
iii
.
xv
.
xvi
.
3-231
“
“
Loan C o m p a n ie s ,....................................................
. 236,237
“
“
M ortgage, Loan and Investment Companies,
. 238-241
Aggregate Statement o f Co-operative Banks,
.
.
.
233
.
A P I’ ENDIX PAGE
Statutes relating to Co-operative B a n k s , .........................................
“
“
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
M ortgage, Loan and Investment Companies,
.
V
.
xxi
IN D E X TO THE ANNUAL REPORTS.
[.Alphabetically by Location.\
CO-OPERATIVE BANKS.
CORPORATE NAME.
LOCATION.
Amesbury, .
Arlington, .
Athol, .
Attleborough,
Baldwinville,
Beverly,
f
-j
Boston,
*•
c*
Brockton,
[
(
1
.
Cambridge, .
Cambridgeport,
Canton,
Chelsea,
Clinton,
Danvers,
Dedham,
East Cambridge,
Everett,
r
j
i
t
(
Fall River, .
Fitchburg,
.
Foxborough,
Franklin,
.
Gardner,
Gloucester, .
•
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Amesbury Co-operative Bank, .
Arlington
“
“
Athol
“
“
.
Attleborough
“
“
Baldwinville
“
“
Beverly
“
“
.
Allston
“
“ v
Boston
“
“
Dorchester
“
“
Enterprise
“
“
Federal
“
“
Germania
“
“
.
Guardian
“
“
Homestead
“
“
Merchants’
“
“
Pioneer
“
“
Roxbury
“
“
Suffolk
“
“
.
Volunteer
“
“
West Roxbury “
“
Workingmen’s “
“
Campello
“
“
Security
“
“
Reliance
“
“
Columbian
“
“
Canton
“
“
Provident
“
“
Clinton
“
“
Danvers
“
“
Dedham
“
“
Cambridge
“
“
Everett
“
“
Fall River
“
“
.
People’s
“
“
Troy
“
“
•
Fidelity
“
“
Fitchburg
“
“
Foxborough
“
“
Dean
“
“
Gardner
“
“
Gloucester
“
“
PAGE
7
9
11
15
17
21
5
23
47
51
61
71
77
9L
121
155
171
195
201
217
231
29
177
169
39
31
161
37
41
45
27
57
59
153
199
63
65
67
43
69
73
[Pub. Doc
IN D EX
XXX
CORPORATE NAME.
Grafton,
Great Barrington,
Haverhill,
.
Hingham,
Holbrook,
.
.
i
•1
.
{
1
Holyoke,
Hudson,
Hyde Park, .
Lawrence,
.
.
I
Leominster, .
Lowell,
Lynn, .
Malden,
Mansfield, .
Marblehead,
Marlborough,
Medford,
Melrose,
Merrimac, .
Middleborough, .
Milford,
Natick,.
Needham, .
New Bedford,
Newburyport,
Newton,
North Abington, .
North Adams,
Northampton,
North Dighton, .
North Easton,
Norwood,
Orange,
Palmer,
.
Peabody,
Pittsfield,
Plymouth, .
Quincy,
Randolph, .
Reading,
Salem, .
Sandwich, .
Somerville, .
South Braintree, .
South Framingham,
South Weymouth,
Spencer,
Springfield, .
Stoneham, .
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
I
•1
PAGE
Grafton Co-operative Bank, .
66
66
Housatonic
66
a
Citizens’
66
a
Haverhill
66
<<
Hingham
«<
66
Holbrook
66
a
City
66
<<
Holyoke
66
<<
Hudson
66
a
Hyde Park
66
<<
Atlantic
66
«
Lawrence
66
<<
Merrimack
66
u
Leominster
66
“
Lowell
66
a
Equitable
66
<<
Lynn
66
66
Malden
66
66
Mansfield
66
66
Marblehead
66
66
Marlborough
66
66
Medford
66
66
Melrose
6i
66
Economy
66
Middleborough 66
66
“
Milford
66
66
Henry Wilson
66
66
Needham
66
66
Acushnet
66
66
New Bedford
66
66
Newburyport
66
66
Newton
66
North Abington 66
Berkshire County Co-operative
Northampton
“
66
North Dighton
66
North Easton
66
Norwood
66
Orange
66
Palmer
66
Peabody
66
Pittsfield
66
Plymouth
66
> Quincy
66
Wollaston
66
Randolph
66
Reading
66
Salem
66
Sandwich
66
Somerville
66
Braintree
66
South Framing ham
66
South Weymouth
66
Spencer
66
Springfield
66
Stoneham
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Bank,
“
66
“
66
66
“
66
66
66
66
66
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
75
93
33
79
83
85
35
87
95
97
13
99
123
101
103
53
105
107
109
I ll
113
117
119
49
125
127
81
129
3
131
133
135
137
19
139
141
143
145
147
149
151
157
159
163
227
165
167
173
175
179
25
181
185
187
189
191
IN D EX.
No. 8.]
.
Taunton,
.
i
.
Wakefield, .
Waltham, .
Watertown, .
Webster,
Westfield,
West Newton,
.
West Somerville,.
Weymouth, .
Whitman, .
Winchendon,
Woburn,
.
'
Worcester,
PAGE
CORPORATE NAME.
LOCATION.
Stoughton,
xxxi
.
.
Stoughton Co-operative Bank
<<
Mechanics’
“
(<
Taunton
“
it
Weir
“
it
Wakefield
“
it
Waltham
“
a
Watertown
“
u
Webster
“
a
Westfield
“
a
West Newton
“
a
West Somerville “
tt
South Shore
“
a
Whitman
“
u
Winchendon
“
a
Woburn
“
a
Equity
“
a
Home
“
u
Worcester
“
.
.
.
193
115
197
.
.
.
.
.
.
.
.
.
.
.
.
.
.
211
203
205
207
209
213
215
219
183
221
223
225
55
89
229
.
.
236
237
.
.
238
240
.
COLLATERAL LOAN COMPANIES.
Boston,
f Collateral Loan Company,
1 Workingmen’s Loan Association,
MORTGAGE LOAN AND INVESTMENT COMPANIES.
Boston,
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
f Globe Investment Company, .
.
.
.
1 National Mortgage and Debenture Company, .
IN D EX
XXX11
[Pub. Doc
IN D E X TO THE ANNUAL REPORTS.
Alphabetically by Corporate Name.]
CO-OPERATIVE BANKS.
CORPORATE NAME.
Acu8hnet Co-operative Bank,
it
Allston
“
it
tt
Amesbury
a
Arlington
“
a
Athol
“
tt
a
Atlantic
it
Attleborough
u
BaldvYinville
.
Berkshire County Co-operative Bauk,
Beverly Co-operative Bank,
If
it
Boston
ll
it
Braintree
it
Cambridge
“
it
Campello
“
it
Canton
li
Citizens’
tt
City
it
Clinton
“
tt
Columbian
n
Danvers
“
Dean
Dedham
Dorchester
Economy
Enterprise
Equitable
Equity
Everett
Fall River
Federal
Fidelity
Fitchburg
Foxborough
Gardner
Germania
Gloucester
Grafton
Guardian
Haverhill
Henry Wilson
Hingham
“
ll
II
II
“
“
II
“
“
“
“
“
II
II
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
“
a
a
u
u
it
a
a
a
“
«<
a
i(
a
a
a
a
a
u
a
LOCATION.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
•
.
.
.
.
.
.
.
.
.
.
.
.
New Bedford,
Boston, .
.
Amesbury, .
Arlington,
Athol, .
Lawrence,
Attleborough,
Baldwinville,
North Adams,
Beverly,
Boston, .
South Braintree, .
East Cambridge, .
Brockton,
Canton, .
Haverhill,
Holyoke,
Clinton,
Cambridgeport,
Danvers,
Franklin,
Dedham,
Boston, .
Merrimac,
East Boston,.
Lynn, .
Worcester, .
Everett,
Fall River, .
Boston, .
Fitchburg,
Fitchburg,
Foxborough,
Gardner,
Boston, .
Gloucester, .
Grafton,
Boston, .
Haverhill,
Natick, .
Hingham,
PAGE
3
5
7
9
11
13
15
17
19
21
23
25
27
29
31
33
35
37
39
41
43
45
47
49
51
53
55
57
59
61
63
65
67
69
71
73
75
77
79
81
83
IN D EX
No. 8.]
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
a
a
PAGE
LOCATION.
CORPORATE NAME.
Holbrook Co-operative Bank,
“
Holyoke
“
it
Home
“
ii
Homestead
“
a
Housatonic
“
a
Hudson
“
a
Hyde Park
.“
a
Lawrence
“
a
Leominster
a
Lowell
a
Lynn
“
it
Malden
“ '
it
Mansfield
“
u
Marblehead
“
it
Marlborough
“
a
Mechanics’
“
a
Medford
“
a
Melrose
t(
Merchants’
“
a
Merrimack
“
Middleborough Co-operative Bank,
a
a
Milford
a
tt
Needham
New Bedford
Newburyport
Newton
North Abington
Northampton
North Dighton
North Easton
Norwood
Orange
Palmer
Peabody
People’s
Pioneer
Pittsfield
Plymouth
Provident
Quincy
Randolph
Reading
Reliance
Roxbury
Salem
Sandwich _
Security
Somerville
South Framingham
South Shore
South Weymouth
Spencer
Springfield
Stoneliam
Stoughton
Suffolk
X X X lll
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
i6
a
a
a
u
a
a
a
a
a
4<
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
a
“
a
a
a
a
Holbrook,
Holyoke,
Worcester, .
Boston, .
Great Barrington,
Hudson,
Hyde Park, .
Lawrence,
Leominster, .
Lowell, .
Lynn, .
Malden,.
Mansfield,
Marblehead, .
Marlborough,
Taunton,
Medford,
Melrose,
Boston, .
Lawrence,
Middleborough,
Milford,.
Needham,
New Bedford,
Newburyport,
Newton,
North Abington,
Northampton,
North Dighton,
North Easton,
Norwood,
Orange, .
Palmer, .
Peabody,
Fall River, .
Boston, .
Pittsfield,
Plymouth,
Chelsea,.
Quincy, .
Randolph,
Reading,
Cambridge, .
Boston, .
Salem, .
Sandwich,
Brockton,
Somerville, .
South Framingham,
Weymouth, .
South Weymouth,
Spencer,
Springfield, .
Stoneham,
Stoughton,
Boston, .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
..
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
85
87
89
91
93
95
97
99
101
103
105
107
109
I ll
113
115
117
119
121
123
125
127
129
131
133
135
137
139
141
143
145
147
149
151
153
155
157
159
161
163
165
167
169
171
173
175
177
179
181
183
185
187
189
191
193
195
IN D EX.
[P. D. No. 8.
FASE
L O C A T IO N .
C O R P O R A TE N A M E .
Taunton Co-operative Bank,
it
Troy
i(
Volunteer
t(
Wakefield
a
Waltham
a
“
Watertown
a
it
Webster
<c
Weir
it
Westfield
it
it
West Newton
n
West Roxbury it
il
West Somerville a
u
Whitman
a
Winchendon
a
Woburn
a
Wollaston
a
a
Worcester
a
Workingmen’s a
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Taunton,
Fall River,
Boston, .
Wakefield,
Waltham,
Watertown, .
Webster,
Taunton,
Westfield,
West Newton,
Boston, .
West Somerville,
Whitman,
Winchendon,.
Woburn,
Quincy, .
Worcester,
Boston, .
197
199
.
201
.
203
. 205
. 207
.
209
.
211
.
213
.
215
.
217
.
219
.
221
.
223
.
225
.
227
.
229
.
231
.
.
.
COLLATERAL LOAN COMPANIES.
Collateral Loan C o m p a n y , ............................................. Boston, .
Workingmen’s Loan A s s o c ia t io n ,.................................... Boston, .
.
.
.
.
.
.
236
237
MORTGAGE LOAN AND INVESTMENT COMPANIES.
Globe Investment C o m p a n y ,.................................... .........
National Mortgage and Debenture Company, .
.
.
https://fraser.stlouisfed.org
Federal Reserve Bank of St. Louis
Boston, .
Boston, .
.
.
.
.
.
238
240
@FedFRASER